Full text of Commercial and Financial Chronicle : August 29, 1896, Vol. 63, No. 1627

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Quotation -Supplement (Winy)
Investors Supplement ( 0 ^
[B tttota d a v o a r U n ?

u> x

of

•

street Railway Supplement.
State and City Supplement (samMy)

in the year 1300, by the W il l ia m B. D m

VOL. 63.

O o x r m , in the offloe of the Librarian of Congress.

SATURDAY, AUGUST 29, 1896.

Week ending Aug. 23.

JJlxe (Dlxccwicie.

OUaHnte at—

T e r m s o f S n b a c r lp tio n —P a y a b le i e A d v a n c e :
For One Y ear............................... ........ ......... ........... .......... 010 00
For Six Months....................................................... ...............
6 00
European Snbsoriptlon (Including postage)...................... 12 00
European StibsesrtptionSIx Months tlncladlng postage). 7 00
Aanoal Sobeoriptloa in London (inolniltng postage)__ £ 2 10e.
Six Mot.
do.
do.
do.
— Al l Os.
The OrwwTOM' SerPt-EMEXT will be furnished w ith o u t e x tr a c h a r g e
10 every annual subscriber of the C oxxitxaui. axb F t s s s c u t
CHRONICLE.
The “ ta t* a * d Crrr Scpf-LRgexr will also lie fam ished urlehout

e x tr a c h a r g e to e v e ry su b s c rib e r o f th e C h r o n ic l e .
The 8 *W 5*r B aitW A T 8 0 m * < u u r r w ill lik e w is e b e f u r n is h e d m t h v u t e x tra ch a rg e t o e v e r y » a b * crfb e r a t th e C m to w C L E .
The QctrraTloN StrpruutcxT. issued a o n t u l y . w illalso be tarnished
w ith o u t e x tr a c h a r g e to every subscriber of the Omtcxrcut.
File covers are s a id . at 50 cent* each; postage on the same is 18

ee&t*. File cover for sapplements can he had at offlee for 65 cent* or
mailed for 80 cents.

Terms of Advertising—(Per Inch space).

New T o r t
Philadelphia.
P ittsbunt.............

Baltimore........ -■

Buffalo,...... .
W ashteuton.
Rochester,

iS H E - ::

WUmlfiiftcm.,

Binghamton.....
Total Middle
Providauee.'.
H artford..........
Saw H aven....
gprltuS old.......

•v

-......

Portland..........-

Fall Elver......
Love!).........

New B edford...
Total S ew Bee.

U aetim e................................. S3 50 | Three Months <13 tim e s)..f2 5 00
One Month
<4 time*),.. 1 1 GO Six Months
<26 « >.. 43 00
. roil
Two Months
(8 « ) . 18 00 i Twelve Months (52 ** ).. 58 00 Cleveland
(The above terms for one month and upward are for standing cards.) Milwaukee
C o lu m b ia ,...
L on d on A g e n ts :
In d is tta p o U * .
Messrs. E d v i b b s Sc Smith, 1 Drapers’ Gardens, E. C.. will take sub- lo.~-r; .............
serlptlonsand advertisements, and supply single copies of tha paper
at 1 » . each.
Leximrten.
{vA-tiitiiaio-o.
W I L L I ATI II. D A N A C O M P A X Y , P u b l i s h e r s ,
Akron
P i n e S tr e e t, C o r n e r o f P e a r l S tr e e t,
P ost O r r t c s B ox 958.
N E W Y O R K . sprinviieih, Ohio..
Canton...

CLEARING HOUSE RETURNS.

Tot* M t& W m V w

The following table, made up by telegraph, etc., Indicates 3an Francisco.
h * * * CUT
th at the total bank clearings of all the clearing houses Salt
Portland___ _
of the United States for the week ending to-day, August 39. Lot
hare been $751,882,133, against 3800,13-1,443 last week and Helena........ .
1809,1:41,814 the corresponding week of last year.
sookaB e,..,
F a rg o ,-... .

C i« a a ix o » .
(U tu n u 6* ielegragh.

W «A Ending A uguet 23.
1895,

NO. 1,627.

Per Cent.

Sioux Falla
Total Pacific.
Kansas C ity ....
MUmaapoBt.."

N ew Y o rk ................... ...............
B m i / ki .................... .......... . . .
Philadelphia ............................
Baltimore .............. ........
C hicago ....... ............................
81. L o a n ................................
N e w Orleans.
. . . . . .. .

*341,302,150
49,422.154
41,508,238
S. 395.073
54.782.747
15.277,400
(.B80.lt 14

*428,427,601
02,991.975
48,289.815
9.527.585
96,092,449
17.101.310
5,330,950

Seven ( M M . 5 d a y . .........
O lb er o u i m . 5 <iay».......... —

*519.249,630
108.019,343

*034.5*0,276
i l l , 071,248

T otal »lt.ei41e», 5 d *y » ...
A U oitie*, 1 d » y ...................... .

2824.23S.873
127,413,349

$745,901,534
163,537.280

-1 7 0

S»w Orleans----- -

ro ta i *! i e n i e . l o t w e e k ..

.2781.947.P22

9998.t38.H14

-1 9 4

Galreston.... .. ...
Houston.*♦*.,*
SaTaottah.... ......

-2 0 3
-2 1*3
-1 0 3
-2 5
-17*1

-1 1 0
+ 6-5
-2 7

-1 S 3

S T fer.

D e a r e r....

St. Joseph

SS&8S

U ticolo,
BTIebfUew..
Topeka. ...
KraoiOBte.
T ot. other Wcat

si- Loaia. m m

The full details of clearings for the week covered by tha iUehiBiond..........
above statem ent will be given next Saturday. We cannot, ■Miami, ...... ..........
of course, furnish them to-day, bank clearings being made Dallas. ..... . ...
Vashri
up by the various clearing houses at noon on Saturday, and Norfoll
hence in the above the last twenty-four hours of the week W m o. ....... ......
W o r th ...,,.,.
have to be in all cases estimated, as we go to press Friday night. Port
.
Our usual detailed figures for the previous week, covering Aujniatae.e...........
'Virmimhmm.

the retu rn s for the period ending w ith Saturday noon. A ugust

23, are given below, and we also present the results for the

corresponding week in 1895, 1894 and 1993. In comparison

with the preceding week there is a decrease in the aggregate
exchanges of about thirty-four and three-quarter million dol­
lar*. bu< at NVwFork alone tli- decrease is twenty-six and a
half millions. Contrasted with the week of 1995 the total for
the whole country shows a decrease of 10-8 per cent. Com­
pared w ith th e week of 1894 the current returns record a g a in

of 2-0 per cent and the increase over 1893 is 23-4 per cent.
O utside of New York the decrease from 1895 is .9’4 per cent.

The decline from 1994 reaches 0-5 per cent, but making com­
parison with 1993 the gain ts seen to be 81’0 per cent,

linoxTiil©
Little R ock.,
facfcsonrlila.
CbattaaocKra..
Total Southern.
T otal a ll... . . . . . .
Outside N, York

Montreal.
Toronto.
Halifax..
W lanlpng........ . . .

H a m ilto n ,,,.,. .. .. .

T otal Canada.. . .. I

• Not iooiudea in total?,

330

THE CHRONICLE.
chief illusion when he says

W HY

FREE COINAGE MEANS
MONO-META LLIS M .

[VOL. L X III.
“

free silver would not

SILV E R mean that silver dollars were to be freely had without

We bespeak an attentive reading of an article we
have written this week on the above subject and
which we publish to-day on subsequent pages. It is
the concluding article to the one we wrote last week
and published in last Saturday's C iir o x ic l e .

THE FINANCIAL SITUATION.
We give considerable space in our editorial columns
to-day to the reproduction of an able legal opinion
written by John R. Dos Passos, Esq., upon the ques­
tion whether the repudiation of the Federal debt as
designed by the framers of the Chicago platform would
be Constitutional. This opinion was written for one
of our savings banks and we have procured it for pub­
lication. Mr. D 03 Passos answers the question by show­
ing clearly that it would not be. lie says that after con­
siderable reflection and study he is of the opinion that
neither the Executive acting singly nor the Congress
of the United States acting in conjunction with him
has the phwer of lessening, impairing, invalidating, or
in other words repudiating, the public debt of the
United States. The only method by which that
could be done would be by an amendment to the
Constitution. As the case stands, the debt has been
purposely and expressly shielded by that instru­
ment from just such attacks as are now being made
upon it. He adds also that the law has made ample
provision in the act creating a Court of Claims where
bondholders may assert their rights in the event of any
attempted legislation affecting these securities. The
United States has permitted itself to be sued in that
tribunal and its jurisdiction is fully and amply suffic­
ient to vindicate the rights of the bondholders in case
they are trampled upon or denied. These facts and this
opinion will deeply interest not only the owners of the
securities referred to but every one who holds the honor
of the country higher than any mere money considera­
tion.
The political event of the week has been the publi­
cation Thursday morning of Mr. McKinley’s letter of
acceptance. It appears to have given general satisfac­
tion. The discussion of the financial question—the
portion which has been most anxiously awaited and
closely studied—occupies the first half of the letter,
and is thoroughly good, both in form and spirit. It
Bhows a keen appreciation of the menace the existing
state of affairs is to our industrial interests and to the
high standing of our Government and Government’s
credit among the nations of the earth. The fact is, the
integrity and intelligence of our people, and in
truth the Republic itself, “ which for a century past
has been the best hope of the world and the inspiration
of mankind,” is on trial. Mr. McKinley by no means
assumes that his own party alone is sensible of the dan­
ger, but states that the peril involved is so grave, and
the platform of the Democratic National Convention
is so widely recognized as an assault upon the faith and
honor of the Government and the welfare of the peo­
ple, “ that conservative men everywhere are breaking
away from their old party associations and uniting with
other patriotic citizens in emphatic protest against”
the rank financial heresies that instrument contains
and advocates. Mr. McKinley likewise shows clear
views, good sense and a forcible method in speaking of
the proposed free coinage of silver. He touches the

cost or labor.” Very many ignorant men are to-day
shaking the pennies in their pockets and gleefully look­
ing forward to free silver, when as they believe the
pennies will by some magic become dollars. Mr. Mc­
Kinley gives notice to all such that they will never get
a dollar after free silver is in operation any
more than they do now without paying for it or work­
ing for it.
Then he goes on to state other great
truths. He says free silver will not “ start a factory or
make a demand for an additional day’s labor.” “ It
seeks to introduce a new measure of values but adds
no value to anything.” “ It would not restore busi­
ness confidence ; its direct effect would be to destroy
the little that remains.” Every one will no doubt read
this letter and all sound money men will find in it new
reasons for voting for Mr. McKinley.
One event, a significant feature of the times, that
occurred late last Friday, was the formal application
by the Bank of Commerce to the Loan Committee of
the Clearing House (which Committee was appointed
during the Venezuela flurry last December) for loan
certificates. It was stated that the application was
solely for the purpose of encouraging other banks
who might need them to apply for the certificates
and not because this bank required them. The Loan
Committee met on Monday, and they have held
daily sessions since, but no certificates have been ap­
plied for. Members of the Committee say that there
is nothing in the situation which seems to require an
issue of certificates. Gold is now moving freely from
Europe to New York, the money market is less
strained than it was, and applications for re-discounts
from the interior have fallen o ff; with condi­
tions thus materially improved and improving, affairs
seem to be in a fair way of mending them­
selves without recourse to certificates. The failure
of Hilton, Hughes & Co. announced Wednesday does
not aggravate the situation in the least, for the credit of
the house is alleged to have been low for some months
and the business has been carried along by the direct
aid of Judge Hilton. Notes which he has endorsed
will be promptly met and the firm’s own paper not thus
endorsed has not been generally taken by local banks.
Another important feature has been a further and
material fall in foreign exchange. Rarely except dur­
ing periods of acute crises have sterling and Con­
tinental rates declined without some reaction, but
this week there has been an uninterrupted fall in nom­
inal rates for sterling, while each day the whole mar­
ket has closed with a more or less unsettled and
weak tone.
The pressure has been greatest
upon long sterling because of the liberal offerings of
cotton futures and spot bills against grain. It is re­
ported on good authority t^at during the pa3t three
weeks 35 million bushels of all kinds of grain have
been moved out of the West and Southwest, owing to
the reduction in the rates of transportation by the
railroads, and large amounts of this grain nave been
engaged for export to Europe from this and
other Atlantic ports. While this pressure of bills
bas been great, the demand has been light and
somewhat less than it presumably would have been
had not money been active, checking the demand for
mercantile remittances. The importers of gold have
found no difficulty in obtaining bills below the nom­
inal gold-importing point to cover their importations,
and therefore there has been no demand for any pur-

A cgcst -29, 189ft.]

1’HE CHRONICLE.

331

pose sufficient to arrest the declining tendency of the “‘With the defeat of the Bryan-Wafcaon-Sewall combi­
market. Compared with August 14 the fall in nom­ nation will come certainty of re-payment of capital
inal rates for long and short sterling up to the close borrowed at home and abroad, certainty that business
yesterday, August 28th, was 34@4 cents for long and enterprises will have a sound foundation, and 1897*.
3@4 cents for short. Already $2,055,240 gold has with its attendant fourteen years of success, will lift
arrived from Europe (all received yesterday), and it is us to another height of success, where perhaps another
estimated that there is fully ten million dollars more set of misguided citizens, forgetful of the past, will
waylay us, and we shall have to beat them again."
afloat for the United States at the present time.
The returns of net earnings for July, which are nowAside from the publication of Mr. McKinley’s letter
of acceptance, to which we have referred above, cer­ being received, are not uniform in character, some
tain other political events of the week have attracted being favorable, others unfavorable; but on the whole
considerable attention. Among these, foremost place a great many of them are, all things considered, better
must be assigned to the meeting at Carnegie Music than it was supposed they would be. The Burlington
Hall, at which Ex-President Harrison spoke. In its & Quincy reports for the month an increase of $1 0 1 ,way this meeting was fully as significant as the larger 585 in gross and an increase of $110,729 in net, the
meeting last week at Madison Square Garden, when Wabash a decrease of $38,522 in gross and a decrease
Bourke Cockran delivered such an excellent address. of $2,499 in net. The anthracite coal roads are be­
The attendance at both meetings attested the great ginning to make improved exhibits; the Central of
interest felt in the contest for sound money and for law New Jersey has added $71,5.25 to its gross for the
and order, and also revealed the vigorous support month, $42,861 to its net; the Reading has
which is being accorded those who are re­ lost $93,547 in gross and $100,806 in net
sisting the attempts of Mr. - Bryan and his on the operations of the Railroad Company, hut
followers to debase the currency and under­ gained $122,600 in gross and $L18,454 in net on
mine our institutions. Mr. Harrison's speech was id the Coal & Iron Company : the New York Susquehanna
excellent ta3te and temper, and be stated the issues of & Western ha3 enlarged its gross $0,310, its not $8,331;
the campaign with great clearness and force, and in a the Summit Branch on its mining operations shows,
way that must have carried conviction to the minds of $4,625 improvement in gross, $24,343 improvement in.
his hearers. Up in the State of Maine Ex-Speaker net. Two of the roads in the Pennsylvania Railroad
Reed is also doing good service in the cause. At Old system have also submitted their July returns, both
Orchard, on Tuesday, he delivered an address which showing losses—the Allegheny Valley $17,654 in
we like very much. Mr. Reed dwelt particularly on gross, $13,826 in net; the Northern Central $12,603
the need of restoring confidence. The immediate in gross, $14,461 in net Among other roads the
cause of prosperity is the confidence of all the people Southern Railway reports $77,226 decrease in gross*
in the situation and in each other. At the $24,588 decrease in net, the Buffalo Rochester & Pitts­
present time confidence is gone because of the burg $21,608 increase in gross, $14,441 increase in net,
attempt to destroy our standard of values. What and the Cleveland Canton & Southern, $2,356 decreasei
we must do is to get back to the sound basis in gross, $4,352 decrease in net. The following fur­
of mutual confidence. We have money in oar nishes a four-year comparison for a number of roads*
banks. We have capital here in this country,
*......... —
—Ju ly Earnings .*—
—
1604,
1895.
isse.
1693.
the piled-up riches of fourteen years of prosperity. S a m s of
1
*
1
»
288,502
£03.601
m m
200,741
The capital of the world is waiting to be our servant. A ll©gh«ny V alley,........ , . Net
64,724
BS.tt.0
04.082
70,730
313,3*7
291,710
We are to-day richer in all those things which satisfy Buffalo ftoeh. & P lu s ,.,,. ..Gross
Net
130, m
105,730
• m
u rn
human wants than ever in our history. Were capital Cl*rural o f New Joraejr. . ..QMmn m 1Jfmj&m
99*356
l«
w
e
free to operate, we should march resistlessly. We have Ohloiao Burl. * Quincy... ,.O ro M a .m & H
m m
s«
skilled labor to which we can pay just wages. Our CtoTeUad CitOton 4 South. .01 •«* m m *
08030
03,146
N»t
13.409
17.701
20,753
crops of wbfat and oats and corn and cotton will be
..G lo w
m . goo
WM*8
* 0 /3 ?
19,290
14,553
15,211
w
immense. We have paid off a great debt to foreign Oeonti* * Alabama........... Net
30.4*5
74,069
35,868
IP. SHI
Net
1,171
2,751
nations by purchase of our returned securities, and our N. Y. Susq. & W estern .... ..G rot* 106,787 102,477
.......
91.676
*3.245
«
absorption of them on a falling market deserves the Northern Centra!----- ..... ..GNnetm 493.163
505.7f«
499,916
Net
m ,282
117.093
146,549
wonder of the world. Of facilities to manufacture
w
1/14.150
Philadelphia <5$ Reading- •. Gross 1,720.003
1.779,014
Net
712/82
813,688
793,013
goods we are full. We can make all things cheaper
M8® f
Corn * Iron C o . . , , ........... ..Gross
1.005,005
06.776 d6f,51.678
than ever before and more of them.
Net
W
Southern Railway.. . . . . . . . Gross 3,488/75
1/90J901
1/28,043
1,373,598
3*7/70
What shall we do, asks Mr. Reed ? Pursue our old
Net
362,46.1
257/59
110/40
Summit Rr. St l,ykm m Vai .(Arms
141.673
137,046
121.557
170,300
course of blundering, shock business some more, or
Net def. 6.S66 def .31.204 def 1.775
d ef .6,305
1.045,500
1,071.083
1.150,7 83
703/02
shall we set capital in motion ? Capital can only be
315,315
Net
317/11
110/37
243,570
set in motion by the restoration of confidence. Bat
The Pennsylvania Railroad, in its return for July*
how shall we restore confidence ? First of all, says shows small losses, both on the Eastern and the Western
Mr, Reed, by putting down anarch? and all manner ine?, but the exhibit mast be considered on the whole
of disturbance. Peace and a stable government are the an encoursgiDg one. Not only was general business
first necefsity, f‘Thisisa borrowing and lending world. depressed but iron production, as we know, has re­
That is a fixed fact. No amount of denunciation of cently been declining very heavily, and this
money lenders, no wild talk about Wall Street, means a great contraction in maDy items of traffic
which by the way is the greatest money borrower over the Pennsylvania, whose system runs through
in the world, will ever put down that fact. Enter­ the heart of the iron districts. Besides, comparison is
prises are carried on by the united confidence of with a month last year when the gain following the
men of money and men of brains." Tnere can be no previous year’s losses bad been very decided. Taking
confidence while the standard of values is assailed and the lines directly operated the decrease now is $156,800
the foundations of society are threatened. Reasonable in gross and $97,200 in net on the mileage east of
certainty makes business ; uncertainty paralyzes it. Pittsburg and Erie and $330,900 decrease in gross and

THE CHRONICLE.

332

$247,900 decrease in net on the mileage west of
Pittsburg. For all lines owned or controlled the
loss is $158,600 in gross and $92,100 in net
east of Pittsburg and $368,300 loss in gros3
and $237,400 in net west of Pittsburg. Last year, in
July the returns showed $656,070 gain in gross aud
$151,015 gain in net on the lines directly operated
east of Pittsburg, and $630,346 gain in gross and
$322,493 gain in net on the lines directly operated
west of Pittsburg. The following gives the gross and
net earnings for six years on the Eastern lines directly
operated:
Limes

k ast

off

1890.

1895.

1894,

1893.

1892

1891.

P it t s b u r g .

f

July*
dross e a r n i n g s . .
Operat’g e x p e n s e s .

t

*

*

*

*

5,258,595
3,795,964

5,415,396
3,855,564

4,759,325
3,350,509

5,552,047
4,021,540

5,578,672
4,185,407

5,079.782
3,9 0 1 6 0 0

Net e a r n i n g s .. .

1,462,031

1,559,831

1,408,810

1.530.5C7

1,393,205

1,775,182

Jan. 1 to July 31.
Gross e a r n i n g s ........ 35,504.070 34,974,170 31,007,503 39,437,404 38,274.124 37,155.193
Opera t*g e x p e n s e s . 20.588,8-3 25,768,983 22,727,968 29,071,492 23,023,421 20,371.920
Net earnings... 8,975,187 9,205,187 8,279,535 10,365,972 10,350,703 10,763.267

Last week’s bank statement showed that by a fur
ther liberal reduction in loans of $5,984,700, amount­
ing since .July 18 to $17,488,000, thereby with the loss
of $2,401,300 in cash reducing deposits $9,095,100—
making $37,921,700 since July 18—the banks had only
slightly changed the surplus reserve, which now stands
at $9,272,650, against $9,400,175 last week and $21,773,025 on the above-named date. The detailed state­
ment showed that only twenty-four banks represented
in the Association were below the 25 per cent limit of
reserve to liabilities, and of those six were State banks,
and the lowest shown by any institution wss 19'2 per
cent.
Money on call, representing bankers’ balances, has
loaned this week at 3 and at 15 per cent. There
was no special demand until late on Wednesday, when
a 10 per cent rate was recorded in consequence of the^.
shifting of a loan, but immediately after the rate fell
to 6 per cent. On the following day the inquiry for
money was good early in the day, and later some call­
ing in of loans by Brooklyn institutions who had agreed
to take $2,000,000 of tax certificates caused au ad­
vance in the call loan rate to 15 per cent, but it fell
to 6 by the close. Large amounts have been loaned
this week at this rate, and indeed the bulk of the
transactions have been at 5 to 6, so that 6 per
cent would be a fair average. The range yes­
terday was 6@8 per cent. Banks and trust companies
quote 6 as the minimum. Time contracts are quoted
by the foreign bankers ac 6 per cent for sixty
days with a gold note, but the majority of the
borrowers want money for longer periods, and those
who obtain it are require! to give first class collateral
and to pay 6 per cent and such commission, according
to the time of the loan, as may be agreed upon. It is
reported that 6 per cent and 1 percent commission has
been paid for loans running from four to six months
on exceptionally good collateral, and it is said that a
higher commission has been p tid for loans for the same
time on good Stock Etchange security. Mach depends
upon the borrower and the urgency of his requirements.
The quotation yesterday was 6 per cent, and 2 per
cent commission, bid for good loans.
One fea­
ture of the commercial paper market is that
while for tbe past three weeks little or nothing has
been done, there has been some business this week,
principally by out-of-town buyers, who have taken the
best of the paper offering at 9 to 10 per cent. Onoice
endorsed bills receivable are quoted at 9 per cent,

[VOL. L X III.

but only small amounts have been placed. The failure
of Hilton, Hughes & Oo. had'no effect upon the m irket. Bankers report the inquiry for re-discounts
is lighter, but the local demand for accommodation
at banks is still urgent. It is expected, however, that
the importations of gold will hereafter enable the banks
to be a little more liberal with their customers.
Though there was some political tension in Europe
this week growing out of the disturbsd condition of
affairs in Turkey, it seemed to have little influence
upon the financial markets. They were, however,
directly affected by the movement of gold from Lon­
don to America. The selling price of gold bars in
London has advanced to 77 shillings H i pence per
ounce; the price of American gold coin was at first
reported reduced half a penny to 76 shillings 6£ pence,
but yesterday the price was reported 76 shillings 7
pence again. The Bank of England minimum
rate of discount remains unchanged at 2 per
cent. The cable reports discounts of sixty to ninety
day bank bills in London
per cent. Toe
open market rate at Paris is
per cent and
at Berlin and Frankfort it is 2 i per cent.
Ac­
cording to our special cable from London the Back
of England lost £1,102,903 bullion during the week
aud held at the close of the week £46,372,048. Our
correspondent further advises us that the loss was due
to the import of £59,000 (of which £50,000 were from
Australia and £9,000 from India), to receipts of £115,000 net from the interior of Great Britain and to exports
of £1,277,000, of which £901,000 were to the United
States,‘ £300,000 were to Uruguay, £50,000 were to
Egypt, £20,000 to Malta and £6,000 to the Continent.
The foreign exchange market has been unsettled and
lower this week, influenced for the reasons and under
the conditions above noted. The decline in rates was
continuous this week. L ist week, Saturday, the market
was so weak that Bariug Magouu & Co., the Bank of
British North America and the Bank of Montreal
reduced their posted rates. On Monday the rates of
Baring, Magiun & Co., the Bank of Montreal,
Heidelbach, lekelheimer & Oo. and the Mer­
chants’ Bank of Canada were quoted half a cent
lower as compared with the previous Friday
for both long and shorr, while the Bank of
British North America reduced the long |ate one cent
and the short rate half a cent. The figures for actual
business were, compared with Fridav, one-quarter of a
c nt lower for sixty day, at 4 84@4 84^, and half a cent
1 >wer for sight bills and cable transfers, at 4 85@4 85£
for the former and 4 85£@4 85£ f >r the latter. On
Tuesday Brown Bros. & Co., Baring, Magoun & Co.,
tne Bank of Montreal, Heidelbach, lekelheimer & Co.,
Hazard Freres and the Merchants’ Bank of Canada
reduced their posted rates half a cent, and the market
clossd weak with a reduction in rates for actual busi­
ness of half a cent for lm g to 4 83£@4 83J, and of
one-quarter of a cent for short and cable transfers to
4 84f@485 for the former and 4 85@4 85£for the latter.
On Wednesday Brown Bros. & Co., the Bank of British
North America, Heidelbach, lekelheimer & Co. and
the Merchants’ Bank of Canada reduced both long
and short half a cent, while the Canadian Bank of
Commerce reduced long half a cent and Hazard Freres
lowered the sixty-day rate one cent and the sight rate
half a cent. The market was unsettled at the close in
consequence of a pressure of bills, and rates for actual
business were about half a cent lower for long at 4 83
@4 834, nearly] three-quarters of a cent lower for short

A ugust 39, 1S96.J

THE CHRONICLE.

at 4 84@4 8 LV and half a cent for cable transfers at
4 84f@4 84f. Oa Tnnrsday Brown Bros. & Oo. and
Heideibacb, Icke-lheimer & Co. reduced the long rate
half a cent, while the BiDk of British North America,
the Canadian Bank of Commerce, L izard Freres and
the Merchants' Bank of Canada reduced both long
and short half a cent, and Baring, Magoun
& Co. lowered long and short one cent. The
market was again unsettled at the close and rates for
actual business were off about three-quarters of a cent
for Sixty day at 4 82|@4 82i and half a cent for
sight and for cable transfers at 4 83f@4 84 for the
former and 4 84@4 84{ for the latter. Yesterday
posted rates were farther reduced by many of the bank­
ers, while there was also a farther redaction of half a
cent in the rate3 for actual business for long sterling,
bringing them down to 4 8 If®4 82; no change, how­
ever, was made in the actual rate for Bight and cable
transfers. Over two million gold arrived yesterday from
Europe (12,055,240) and about $10,000,000 more is
on the way or has been tngjged for shipment hei.ce.

333

W H Y F R E E C O IN A G E M E A N 8
M O N O -M E T A L L IS M .

S IL V E R

C O N C L U D IN G A B T IC L E .

We showed last week how an assured prospect of the
passage of a free coinage law would operate to at once
change onr currency standard from gold to silver. To­
day we dtsire to carry the investigation a little further.
For that purpose let us assume that November has
passed, that Mr. Bryan and a subservient Congress
have been elected to office and the new government is
in operation ; that under the scare the result of the
elec ion had produced, silver mono-metallism was an
accomplished fact. We need not repeat in detail the
method of the transition from gold to silver ; those
matters were given by us so fully last week, and the
operation is such an obvious affair, that no one of our
readers can have a doubt of the correctness of the con­
clusion.
Of course a panic would follow this change of stan­
dards, and that would be succeeded by a long period of
deep business prostration while values were boing ad­
o a ir .r f o o t e d r a t e s f o b r o n m & x e x c b a s o k .
justed to the new currency basis. The certainty of such
M o»., TXrzs.. W *n.. TBOJ4..
an interval of industrial confusion and disastrous liqui­
Aug. t-L Au-l. S3. i u s . m . ■*80.37. A
dation
will not be questioned ; that is always an accom­
Brown Bros------{sS rtK *;
Ik
8*
pm
r*
m m
paniment
of a serious decline in prices ; and where the
*3
8s§
m
m
84M
V*
WK
mn
mh
S h change would necessarily be from a gold standard to a
B *sk B ritish
fto d fty t.
saw
m
SSM
TO*
-m
mh
$7
sv
m
AsMKteft«41Starttfu..
silver standard, the break up would not only be sweep­
Bank of
fv
8«
38 »
ing (that is, unsettling every value in the land), but the
Cmmiim. B ank | «*'» days,
m
m
of m m m m m ,. tStitht*.*.
u
m
SBM
road
to a recovery would be a long and dismal one. It
M
le k - } m Bays
m
m i
|m
m
elheuaor 4 Co. 1S tcbC ..,
§1
m
m
as*
is
not
our pnrpise on this occasion to dwell at all upon
m
m
T
88
A5S4
m
that
feature
of the problem. We mention it here
m
mn
V*
8“
merely as one of the incidents of the catastrophe. At
The market closed weak on Friday at 4 82A@4 85 present we have to do with another phase o| the experi­
for sixty day and 4 84|@4 86 ffor sight, against 4 8 ?@ ment; for the time being we desire to fix attention
4 88 £ for the former and 4 884®4 89| for the latter on upon the particular portion of the free silver scheme
Aagnst 14 before the downward movement fairly under examination to-day.
Let ue then further assume that the new Congress
began. Rates for actual business yesterday were 4 81|
@4 82 for iong, 4 83|@4 84 for short and 4 $4 @ 4 844 has not only been elected ut that laws have been
for cable transfers. Prime commercial bills are 4 8 1 4 @ passed in conformity with the Chicago platform, first
4 814 and documentary 4 80f®4 81. Continental ex- | forbidding the sale of bonds for the purpose of ob­
change was also weak. #
taining gold to restore the gold reserve, second giving
The following statement giver the week’s movements the Government the option to pay its bonds and
of money to and from the interior by the N Y . bank . obligations in silver as well as in gold, and third mak­
ing silver mintage free in the United States at a ratio of
j r t f t i - M b-i i.
by
S r t in ! fTV.r
Wt4k
4 u * *9. WO«.
16 to 1 of gold, the mints of other commercial countries
s. r. auurn, x r. m**.
t.
C w rreacy .......................................
S3.SJJ.000 *6,745,000 Tama 13,128.000 in the world being, as at present, closed to that metal.
« o i a ........ ............................................
3 97 .000
4 ! 1,000 Lo*«.
14.001
All this having been done and the mints put into op­
Tot-at gaidmtd lop., I wilder*.,.. M .O lF c')0 <7,158.000' U»...93.137. » 0
eration, the problem to be solved is how will the sys­
Result with Sub-Treasury operations and gold im tem work? What will be the character of (he demand
ports.
for silver and the course of the price for bulli’ n that
will follow the opening of the mints to free coinage?
o
u
t
o
f
j
y
n
a
i
m
hw
(a
W m E n d in g A ug. 2S, V m .
In to
B tn k t.
[Irinka, j r n n k Boktino*.
As stated by ua last week, the claim made by Mr.
latwrlor
Above: 44.019.000 47.15S.OOO L o t* 81,187,000
Bryan and his party is that the opening of the mints to
S o b T te a * o p « r ’ u .« And g o ld
13,000,000 14,000.000 L o , . . 1,000,000
the free coinage of silver would of itself create such a
T o ta l u n i t an d I&«»1 tan .tar*....... 417 .019,000 < 31.158,000 L ob* 4,137,000
demand
for the metal as to raise the price of silver
Amount of bullion in principal European banks.
bullion to $1 29 in the markets of the world. There
nf
4 m*. 87, ISO*.
Amb 8 8 . ! « .
may be danger of some of our readers confounding the
O btA 1 Silver.
TntaL
©44.
S llw r, j
7 ntaL
demand for silver referred to last week by us and that
referred to by Mr. Bryan. What we described was a
* n * i» n a ......... ttt& n jm
I8 ,3 7 2 .0 4 « 4I.S34.953;
U JM .052
X iaO eo.., ... m . m j H a S0.SI5.13J 132.943.SVl »2,IT«,«0> 50,433.9-7 1M ,«10,59« demand which could exist only as long as our currency
O o r a a a j- ... S0.H40.3*l 15.4(4.5 !« 48.374.0 «> SW.S49.0-r I3.7I*,«H 49.5BS 0(lO
was on a gold basis at a time when free silver mintage
SS^iS.000 13,-01,000 41.418.000 21,354.OUo 13317.0- 84.S-1.00.
SjMJn
9.150.000 10.7t4.000, 19.108, » 0 ; 8.004,004- 12,090,00., ■20,021,mH
in
the United States was inoperation; in other words,
■i,mi,000 BM8.000! 9422,00 0: 1,2*5,000 8.943.IK-,: 11,228.0.*
3.WH.007 M W
4, '7,000
XSOO.OOJ 1400.4CO; 4.2 0.000 that demand would be incident to and inseparable from
OW.1VB.AK4*7.444.1*1 ” .9320.719 IM /J o J iT s 99,731,00 888,440.519 the profit obtained in exchanging silver bullion into
T04.9H-r.W 3 20.1.300,WM97.|:.Ci.r.)r 300,-.■» .170 I9-I.'»*i.3tl jOOI795»4 2W.313.925
gold dollars after getting the bullion coined into silver
.
( b e t w e e n * o i d a n d e ilv e n « t v e n in o u r Saida or com
a g o o .iilio n in f lic U a o Ie o f 110.1140 y a n d to© Ti ,n k o f il'd it iu iu Is m ade
dollars. As such a movement would in time impover­
1 * 2 2 ? * * e » t t e a s e w o a r e a id e t o o b t a i n ; in n o i t b o r c a s e is u
S H B P ® 2 * 5 sovoratr.. a s t h o s e b a tik s m atte 00 d l s t lb r U o u In th e ir
ish any government and break diwn any gold reserve
F?3*W fetnnis, m e r e ljr r e p o « l D « t h e t o t a l mold an d silv er, Oil! wo
o e i i e v e th e d i v i s i o n w o m a k e Is a c l o s e a p p r o x i m a t io n .
that could be devised, the condition which would be

334

THE CHRONICLE.

necessary to make it work—that is the ability to con­
vert silver dollars into gold dollars—could not be con­
tinued while free coinage was in operation.
Bat that is not the sort of consumption the Silver
Party refers to when it speaks of a demand for silver,
under a free coinage system, which would absorb the
world’s offerings, whatever they might amount to, and
necessarily carry the price up to 11 29 per ounce. As
contributing to disclose the unsubstantial nature of
this claim, it will be helpful to observe one or two
explanations of the demand made by its advocates. It
is seldom that a free silver partisan will give any rea­
sons for this belief. Fortunately, Mr. Bryan in his
speech at the Madison Square Garden was less guarded.
He said in substance on that occasion that free
coinage by the United States is virtually an oiler of
this country to give $1 29 for any silver which i3
presented at our mints for coinage; that “ any pur­
chaser who stands ready to take the entire supply of any
given article at a certain price can prevent that article
from falling below that price.” As Mr. Bryan is the
Presidential candidate of his party he must be taken as
speaking for the party, that is, speaking in an author­
itative way3 and as giving the best reason that can be
devised to support the claim. And yet is not the state­
ment which he made the rankest nonsense ever uttered?
Does Mr. Bryan intend to convey the idea that under
a free coinage system the Government would promise to
pay $1 29 in gold for every 412| grains of silver brought
to the mint for coinage? If he does the reply is that
in the first place the statement is not true—it is false
and he ought to know it if he does n o t; again, if it
were true, it would bankrupt the Government in a
month’s time ; moreover under a free coinage system
the Government does not agree to pay anything to the
applicant for coinage but merely to take his bullion,
coin it for him, and give him in return silver dollars
which in the silver market are worth only what the
bullion in them will fetch.
There is consequently nothing at all in such an
arrangement to justify the assertion that the Govern­
ment stands ready to pay the old price for silver bul­
lion. The statement is a fiction from beginning to
end. We have seen another closely related suggestion
urged by some writers and speakers, to the effect that
free coinage is virtually a fiat of the United States
fixing the value of silver at II 29 per ounce. The
idea, expressed more fully, is that a3 soon as this very
large and influential country establishes that $1 29 per
ounce shall rule at our mints for silver bullion the
same price will rule throughout the world ; the law,
they say, is a notice to holders of bullion everywhere
to come to our mints and they shall receive $1 29 cents
per ounce for all the silver bullion they will bring, be
it little or much, and that the price and offer will pre­
vent the market falling to a lower value. This sug
gestion, like the one previously referred to, shows a total
misconception or an intentional misstatement of the
character and effect of a free coinage law. Under
such a law the mints, we repeat, simply take the bul­
lion, turn it into silver dollars, and when that has been
done give the dollars to the owner of the bullion. The
transaction, or the fiat, if we must call it that, can
have no force or influence whatever upon the bullion
market; it is not in any sense a fiat to pay the old
price, that is gold, but an offer to give coined silver
dollars merely in return or bullion. To-day dollars
just like them are worth in London not to exceed 53
cents
- ...~~~

fVOL. L-XII1,

These are all the influences we have ever seen cited
which under a free silver law are expected to start a
new demand for that metal. Mr. Bryan knows, what
every other man of affairs knows, that a demand can­
not spring up spontaneously. Setting up a mint does
not create a demand. Opening a mint to coinage and
offering to give a holder of bullion j u 3 t as many silver
dollars for his bullion as he can get for it outside can
not make mintage active.
Mr. Bryan apparently
knows all this; perhaps it has come to him as a recent
revelation and he has done the best he could to get out
of the dilemma and make the claim appear more
reasonable by an attempt to explain it.
Consider­
ing the position in which he stands to his
party, the attempt and failure ought to convince
every one that there is nothing in the claim.
And yet he continues to use the same old
formula in his more recent speeches. His words are,
“ we contend that free and unlimited coinage by the
United States alone will raise the bullion value of
silver to its coinage value and thus make silver bullion
worth II 29 per ounce in gold throughout the world.
This proposition is in keeping with natural laws, not
in defiance of them. The best known law of commerce
is the law of supply and demand. We recognize
this law and build our argument upon it.” What a
bold assertion— “ we build our argument upon” “ the
law of supply and demand” ; and yet how faulty is the
claim and how unsubstantial is the demand— the source
of thedemand specified, as we have shown, having abso­
lutely no existence except in the imagination of the
speaker.
A little different method, not of explaining but of
fortifying a case known to be weak by befogging the
subject, is a kind of reasoning somewhat after this
form. Usually the speaker starts with the oracular
announcement that “ what has been, can be." Having
laid down that as his text he goes on to cite the old
situation before Germany demonetized silver as a case
in point. Of course there is no similarity of situation
between the present proposal and the illustration; there
is not a particular in which they are in accord. The
proposal now is to open the mints of the United
States alone to coinage while the mints of every other
large nation in the world are closed to silver;
whereas then
Germany and
all the Latin
States had their mints open and all other commercial
nations were either co-operating or united in supporting
the existing status. Then, too, the price of silver had
not begun to decline but was ruling at II 29, while
now the market price is only 67 cents. Finally the
whole annual production of silver in the world was
under the old regime only 52,500,000 ounces or less,
whereas now it is (1895) probably 165,000,000 ounces
or more. We hardly need to express how thoroughly
irrelevant it is to cite such a situation as in any degree
encouraging the belief that the mere opening of the
mints of the United States while all the rest of the
world is closed to mintage could bring tack the old
conditions. Surely every man, whatever may be his
desire with reference to silver, will agree with us that
there is no force whatever in that kind of reasoning.
There was however a period since Germany demone­
tized silver during which a state of affairs existed, and
certain results followed, which ought to have influence
on one’s judgment when the scheme proposed is for
action by the United States alone. We refer to an ex­
periment in free coinage since the present decline in
silver began, which was tried and failed under condi-

A ugust

29, 1896.]

THE CHRONICLE.

335

favor of this country, if the outside world is in our
debt to any considerable extent, gold will come to us.
If the rates of interest are very high in New York and
the money market i 3 straitened for funds, capital is like­
ly to flow this way to secure the advantage of the larger
return, and gold will be imported. There may he other
special needs which would bring the metal. It will
not come, though, simply because we need it or want
it; if it did beggars would be rich; whenever it moves
this way it will be to discharge a debt or to secure a
profit.
When our curreucy i 3 on a silver basis and the free
coinage of silver is in operation there will always have
to be an inducement to bring silver to our mints.
Forced Government purchases like those made under
our laws since 1873 can bring about that result. Giv­
ing to the owner of bullion a premium for hia silver
would like vise do it. But the mere privilege of mint­
age, the privilege of getting a silver dollar worth not a
farthing more than the bullion in itia worth, never could
attract a dollar’s worth of bullion. As soon as the
standard of our currency is silver all special induce­
ment is gone and nothing but natural influences after
that can act to make the metal move. In brief the
action of gold when a country is on a gold basis repre­
sents in character the action of silver in passing to and
from a country on a silver basis. Even our own
product will not go to the mints unless it is found to be
more profitable to turn it into coin than to sell it to the
Lowent. Highest. bullion broker or hold it as bullion. It would be in
In Dec., 1871, the lowest and highest were.. Q0V£d. 8 tf£d.
better shape for export in bullion than in dollars, and
In Dec., 1872, the lowest and highest were.. 59S8<1, SDjSjd.
anv
surplus would probably be carried in that form,
In Dec., 1878, the lowest and highest were.. Sid. 58 1-16J. i
In Dec., 1874, the lowest and highest were.. 574%d. ST%d. 1and with money easy the chances are that bullion would
In Dec., 1875, the lowest and highest were.. 36!£d. 58?*d. sell at a small premium over coin.
These losses forced the Union to abandon the attempt,
We have occupied much space in discussing this sub­
firBt limiting the coi' age of the 5-franc piece in 1871, ject. It is the important problem before the country.
and then finally by the act of 1876 entirely closing As we said in starting, what is misleading a large part
their mints to the coinage of silver on individual of the honest portion of the Silver Party is the decep­
account. The Latin Union on the occasion of that tion the leaders are encouraging that a recovery of the
experiment had a larger population, far more wealth old price of bullion and the old relations of silver to
and a greater share of and influeuce on the world’s the w rld’s currency are to be found in, and, in fact,
commerce than the United States now has. All these lead through free coinage by the United States alone.
matters, as well as those previously mentioned, made j It is the return of the old prices for commodities which
that venture far more likely of success than any subse is the dream and hope of the farmer, lie sees that as
quent one could be. And yet for some reason, we silver has declined prices have declined; so the expec­
know not why, the silver advocates ignore that experi­ tations as silver goes up commodity values will ad­
ence, as they do every other ereut or fact that tells j vance. We think it mu3t be clear to every mind now
against their proposal, and jump to the conclusion that j that no such hope is warranted, that there can be no
the scheme they are engaged on will work as they want rise in the price of bullion under free coinage by the
it to do. The opening of our mints is, as it were, to be United States alone except a speculative rise, which, if
the talisman which will at once set in motion a flow of it occurs, will bo very temporary. There is but one
silver to the United States from all parts of the world, road leading from free silver and it runs directly to
and in such volume as to use up the offerings, leave the silver mono-metallism.
markets bare, and so raise the price to the old level and j We have not the space to-day to show what a vast
the values of commodities along with it.
superstructure of visionary ea3tles built upon the free
Coming down then to the real facts of the case, coinage scheme falls to the ground with the disclosure
what do we find? We mean what is there growing out of of this deception. Of course it becomes obvious that
or connected with the single circumstance that our mints old prices for commodities are in no wise obtainable
have been thrown open to silver to influence the de­ through that device. Even the hope of inflation and
mand or the market price for silver bullion. To-day the pockets full of money which have been so faith­
our mints are open to gold. During the years tiny! fully promised to all are gone. Wo cannot see, either,
have been thus opened has that fact influenced in tie where tho profit of the mine owner can come from,
least the flow of gold or the market demand for it? | the value of that metal beiag more likely to decline than
Close th«m to gold to-morrow, our currency standard j to rise. Tn brief, our conclusion is that whenever free
remaining as now, would the market for gold or the j coinage of silver is established here there will be no up
flow of gold be influenced in any degree? Certainly ‘ to anything, but all affiirs will drop to tho low down
not, is the answer to both question*. Gold moves |dead level of silver mono-metallism—a line without a
from country to country, nit to get mi ato i, but in j gradient, running directly through Mexico aad other
obedience to laws of trade. If there is a balance In ! southern republics.
tions Jar more favorable lor success as all must: admit
than the venture now sought to be imposed upon, this
country. The affair we have in mind was the contin­
uation of free silver coinage by the States composing
the Latin Union after the demonetization of that
metal by Germany September 6 1873 had been con­
summated. It would seem as if the decline in
silver the previous twelve months (from Septem­
ber 1872 to September 1873 while Germany was
preparing to take the step it did) ought to have been
warning enough as to the little effect, in resisting the
decline in silver bullion, free coinage by the Union
alone would have. And yet how easy com­
paratively it ought to have been in 1873 not
only to arrest the depreciation but to restore
the old price, for at that date the los3 of value
was slight and the production of silver was only about
one-third the number of ouuces it now is. This latter
view apparently must have been the one the Latin
Union at first took of the situation. A short experi­
ment though was enough to change i t ; those States
learned quickly the lesson events taught. Notwith­
standing continued free coinage by the Latin UnioD,
silver failed to recover its lost value; indeed, it went
on steadily declining in face of their effort, as will
be seen by the following statement showing the
lowest and highest pricaa in Dace nbar for the
metal from 1871 to 1875 inclusive, as reported by Fix
ley & Abell, of London:

THE CHRONICLE.

336

WHERE G R E A T B R I T A I N ’ S F O R E IG N
TR ADE IS IN C R E A S IN G *
M a n c h e s t e r , E n g ., Aug. 15, 1896.
The comae of enlargement upon which the export
trade of the United Kingdom has entered this year is
the more remarkable because our greatest external
market, except that of India—the United States—has
hitherto taken off much smaller supplies than in 1895;
and because the demand for another important market,
that of Turkey, has for well known reasons been greatly
lessened. It is instructive to observe in what ways the
loss of trade in these two directions has been more than
counterbalanced by a very large increase in others.
The monthly statistics of the Board of Trade afford
no means of determining the value of the total exports
to each country separately. Only once in each quarter
is a special statement of these particulars given, and
that for the quarter and half-year ended on June 30th
has just been issued along with the ordinary monthly
returns for July.
The first point to be noticed is the much larger in­
crease, absolutely and relatively, in exports to British
settlements abroad than in those to foreign countries.
This difference is seen in the following table:
E X PO R T S OF B R IT IS H PR O D U C TIO N S F IR S T SIX MONTHS.

1896.

1895.

In cr ea se in 1896.
£
P ct.

&

£

7 8 ,2 0 2 ,0 1 3
4 0 ,8 0 0 ,7 0 9

7 3 ,5 4 6 ,2 7 6
3 2 ,5 7 1 ,2 4 0

4 ,6 5 5 ,7 3 7
8 ,2 2 9 ,4 6 9

03
2 5 ’2

T o ta l................................. 1 1 9 ,0 0 2 ,7 2 2

1 0 6 ,1 1 7 ,5 1 6

1 2 ,8 8 5 ,2 0 6

12T

T o fo re ig n c o u n tr ie s ........
T o B ritis h P o s s e s s io n s ...

Amongst foreign countries the only ones with which
the trade has fallen off to an important extent are
those of the United States and Turkey. The propor
tions borne by these deficiencies to the whole of the
strictly foreign trade and the extent to which they
have affected the whole may be inferred from the
annexed figures:
E xp orts to—

U n ite d S ta te s .......................
T u r k e y ....................................
T o ta l................................
„
O th e r c o u n trie s .................

1896.
£
1 1 ,2 5 2 ,5 0 6
2 ,0 4 2 ,1 5 9

1895.
D ecrea se in 1896.
£
£
p . cl.
1 3 ,5 0 3 ,5 1 1
2 ,2 5 1 ,0 0 5 1 6 '6
2 ,8 2 4 ,5 9 2
7 8 2 ,4 3 3 27-7

1 3 ,2 9 4 ,6 6 5

1 6 ,3 2 8 ,1 0 3

6 5 ,0 0 8 ,3 4 8

[5 7 ,2 1 8 ,1 7 3

3 ,0 3 3 ,4 3 8

18-5

In cr ea se in 1896.

7 ,7 9 0 ,1 7 5

13-6

It will be understood that these statistics refer only
to British productions, the exports of foreign and
colonial merchandise—a very large trans-shipment
trade exceeding £60,000,000 per annum— beiDg separ­
ately dealt with. It appears, then, that against a loss
of £3,033,438 in the shipments to the United States
and Turkey we have to set an increase of £7,790,175
in those to other foreign countries and one of £8,229,
469 to British settlements in various parts of the
world, making together an expansion of not lees than
£16,019,644.
Dealing first with the item of £7,790,175, it is to be
observed that considerably more than one-half of it
occurs in the recorded exports to most of the Conti­
nental countries, to all of which, Spain and Italy
excepted, the shipments have increased. Some caution is
needed, however, in reading the figures quoted in the
subjoined table. Owing to the imperfect manner in
which the ultimate destinations of exports are entered
at the Custom Houses of all nations, these are usually
put down as for the ports where they are first landed
At an International Statistical Congress held a few
years ago the official delegates of the countrie8
represented agreed that it was impossible at present
to follow any other rule. I recently inquired from
the head of the Statistical Department of the Board of
Trade what was the practice in this country. The
• C o m m u n ic a te d b y o u r S p eo ial C o rre s p o n d e n t a t M a n c h e ste r, E n g .

[v o l . L X in *

reply was that whenever the exporter declared the ulti­
mate destination, the entry was made accordingly, but
that no such declaration was in fact demanded by the
Customs officials, who supply these statistics to the
Board of Trade. In the instances of Germany, H ol­
land and Belgium the lack of specific information on
this point is particularly important, because goods aresent variously to the ports of each of these States, in
accordance with fluctuations in rates of freight and
other conditions, not only for different districts on the
Continent but also for West Africa, the Dutch East
Indies and other parts of the world. I have there­
fore stated the exports to these three countries in the
aggregate as well as separately.
1896.

E xp orts to—

In c. in 1 8 9 6
£

1895.

£

£

G e rm a n y .................................. .. . . 1 1 ,1 1 8 ,9 4 8
H o lla n d ..................................... . . . 4 ,2 1 5 ,4 2 5
B e lg iu m ....................................... . . 3 ,9 9 0 ,3 3 9

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

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

To th e th r e e c o u n t r i e s . . . . . . 1 9 ,3 2 4 ,7 1 2
F r a n c e ........................................ . . . 7 ,5 0 2 ,6 3 1
S w e d e n ......................................... . . 1 ,4 0 2 ,4 3 1
N o r w a y .....................................
9 4 2 ,6 0 8
D e n m a r k .................................. .. . . 1 ,3 2 6 ,8 2 8
P o r t u g a l ....................................
8 8 3 ,9 7 8
G re e c e .......................................
3 6 2 ,6 0 5
B u lg a r ia ................................... .
1 1 8 ,9 1 0
S e r v ia ........................................
1 2 ,2 8 5
R o u m a n ia ................................ .
6 6 4 ,3 0 1
R u s s ia ........................................ . . . 3 ,2 5 5 ,6 6 3

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

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

T o t a l .................................. . . . 3 5 ,7 9 6 ,9 5 2

3 1 ,2 9 1 ,1 8 1

4 ,5 0 5 ,7 7 1

Against the increase here shown must be set a dim­
inution in the exports °to Spain and Italy. These,
put together, amounted in the first half of 1895 to
£5,163,838 and in the first half of this year to £4,728,978, the decrease in 1896 being £434,860. This may,
with considerable confidence, be ascribed to the finan­
cial trouble occasioned by the warlike entanglements
of these countries. But the enlargement in the ex­
ports of British productions to all the other Conti­
nental States is a fairly conclusive indication of an im­
provement in the trade and the general economic con­
dition of the several peoples.
In contemplating the growth of our exports to the
Continent, brief reference is permissible to the com­
plaints sometimes heard from Fair Traders and others
of the “ flooding” of our home markets by European
productions, an example of which is presented in a
small book entitled “ Made in Germany,” recently at­
tracting an ephemeral attention. It is perfectly natural
that, as the Continental countries, as well as our own,
progress in manufacturing efficiency, our requirements
of the commodities in the production of which they
excel should enlarge. But, in turn, their growth in
wealth and in financial capacity to supply more varied
wants leads them to take our productions more exten­
sively. Moreover, there is always going on between
these islands and the mainland of Europe an exchange
of temporarily excessive supplies, greatly to the advan­
tage of all concerned in it—an exchange which would
be even larger than it is but for the fiscal impediments
standing in the way.
There remains to be considered the striking increase,
amounting to more than 25 per cent, in the exports of
British productions to the Colonies aud India. In the
following table the figures are epitomized so as to bring
out prominently the progress in our shipments to India,
Australia and South Africa.
E X P O R T S TO T H E CO LO N IES.

1896.
£

T o I n d i a .................................1 5 ,0 7 0 ,1 1 3
A u s t r a la s ia ....................1 0 ,4 1 4 ,1 9 8
S o u th A f r i c a ................. 6 ,4 0 6 ,6 1 3
O th e r c o lo n ie s ............. 8 ,9 0 9 ,7 8 5
T o ta l...........................4 0 ,8 0 0 ,7 0 9

18 9 5 .
£

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

r—I n c r e a s e in ’96 .—.
£
P O

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

25-2’
33-8
4 5 '0
6 '8

8 ,2 2 9 ,4 6 9

2 5 '2

More than two-thirds of the exports to India consist
of cotton goods and yarns, and it is to the unusually

A ugust 29, 1S96.J

THE CHRONICLE.

3B7

1894 95 to #19,082,247 in 1895-6, in the net from
#5,051,937 to #5,630,799. As they stand these increases
cannot be altogether ascribed to a growth in traffic.
In part they follow from the fact that in the previous
year the whole system was not operated the full twelve
months. On the same basis of mileage the increase
was from #18,040,973 to #19,082,247, or just about a
million dollars, in the gross, and from #5,129,379 to
#5,630,800, or about half a million dollars, in the net
The gain would have been actually much larger
except for a change inaugurated in the method of
accounting, in reporting engine hire and csr mileage,
under which change the miscellaneous receipts were
greatly diminished and operating expenses reduced in
the same way.
A noteworthy feature is the development of the
passenger business of the road, the passenger revenues
having risen from #4,480,208 to #5,287,914—a gain of
#807,706, or over 18 per cent. In the freight revenues
the increase was not as large in amount as this (stil 1
taking the same mileage in both years) the total having
been raised from #11,448,623 to #12,055,240. Besides
the other unfavorable influences which the road had’ to
contend against, the cotton crop the late season, as is
known, was short. The company realized an average
of a little less than a cent per ton par mde on its ton­
nage, the figure being 9-72 mills; this compares with
9‘84 mills in the previous year.
President Spencer points out that the freight tonnage
of the system is widely diversified, and that in the late
SO U TH E R N R A IL WA Y RE PO R T.
year only about 15 per cent of the tonnage consisted
The second annual report of the Southern Railway of agricultural products, while 40 percent of the traffic
confirms the favorable impression made by the first came fiom the mines or mining industries, and about 30
report. As stated last year, the old Richmond Ter per cent was made up of the products of manufactories.
minal system, out of which the present Southern Rail­ He says that the improved condition of the property
way was formed, had become so thoroughly discredited throughout the system, together with the policy
and was so weak physically and financially that it which has been uniformly adhered to of treating all
hardly seemed possible that it could be r» constructed shippeis ani pstrons alike, whether large or small,
sufficiently to avoid the defe -ts inherent under the old has been the means of attracting to the com­
condition of things and the property be placed on a pany's lines a steady increase of business an i led
firm and enduring basis where it would again com­ to the creation of a number of new and important in­
mand the confidence of investors and the public. Yet dustries. Among these latter he cites the construction
this is precisely what has been done ; and such has at various points upon the lines of the system during
been the progress made that it is evident that onlv a the year of new cotton mills, running over 300,000
complete revival in business is needed to reveal the spindles, the plants costing in the neighborhood of
great capabilities and advantages of the property. The >4,000,000 ; in addition he states there were in process
system is by no means a small one, comprising now of construction at the close of the year directly upon
4,654 miles of road ; it is well located on the whole, the company’s lines mills which will run 170,000
runs through a fertile territory, and given a good man­ spindles, the plants to cost about #2,500,000.
agement such as it now possesses, with charges within
Under the reorganization, provision was made for a
its earning capacity as contemplated by the reorganiza­ gradual increase in the fixed charges from year to year,
tion, its future ought to be in sharp contrast with its and because of this fact and the farther f»ct that the
past.
entire system had not been operated the whole of the
One thing strikes the investigator forcibly in a previous year, the requirements for renttls and inter­
study and examination of the reports. Under the old est were increased, roughly, a million dollars in the
status it always seemed as if there was something to late year. But revenues were sufficient to provide for
conceal. In contradistinction to this the repor s now this addition, and af er allowing for all charges there
entirely disarm criticism. There is an evident desire remained a balance of #556,478 on the opsratiois of
to give all the facts, and the acconnts are stated both the twelve months, which was cirried forward to the
with great clearness and great fullness. The report, credit of profit and loss. The cost of all improve­
too, contains many admirable features— among others ments
and betterments,
the
rep >rt
states,
the incorporation in the balance sheet of all the liabili­ has been included in operating expenses. Such
ties of whatever description of all subordinate com­ amounts as have been
charged
to capital
panies operated as part of the system, whether leased account (the items are all enumerated) have been for
or owned.
the inquisition or construction of distinctly new prop­
Traffic and business conditions were by no means en­ erty. Tne aggregate of this latter class of outlays in
tirely satisfactory in the late year, yet a very substan­ the last year was #758,842, and #926,496 was also
tial gain in earnings was made, both gross and net. charged to capital account for the acquisition of addi­
In the gross the increase was from #17,114,791 in tional equipment. As indicating some of the items
important increase in the shipments of those that tne
expansion of £3,036,873 here shown is mainly due.
That is a consequence, however, of special circum­
stances. In the first half of 1895 the quantity of
cotton productions sent to Tidia was much reduced by
a double process. In anticipation of the imposition of
the import duty of 3£ per cent, which took place in
December 1894, supplies were sent forward in excess
of current requirements, and after the duty had been
fixed shipments were cut down. The large exports of
the first six months compare, therefore, with a period
of temporary congestion, and in the present year th
supply has reached normal limits again, perhaps,
indeed, has slightly exceeded them, in order to make
good the deficiency created in some directiors during
the period when the previous excess of supply was
being worked off. There is, however, no reason
to believe that the Indian markets will cease very soon
to absorb supplies at the rate observable so far this
year.
The growth in the trade with Anstr.lasia is the
result of gradual recovery from the previous loDg
depression, supplemented by the opening up of new
channels in Western Australia consequent upon the
rapid progress of gold mining in that colony. The
causes of growth in the exports to South Africa are of
course well understood, and there is every prospect of
continued expansion in that part of our colonial trade

THE CHRONICLE

336

that have been charged to expenses, it is pointed out
that there are now 79 miles more of 80-pound steel
rails in the main track, 130 miles more of 75-pound
rail, and 126 miles less of iron rail than at the close of
the previous year.
With the exception of expenditures for the comple­
tion of new shops at various points, says Mr. Spencer,
no new construction of importance is in progress, nor
will any be undertaken during the existing condition
of trade. lie says furthermore that the principal
lines of the[system are in such physical condition that
immediate and considerable reductions can safely be
made in expenses for maintenance to meet the present
depression in business.
The company has at no time had any floating debt
in the strict sense of the word—that is, no notes or
bills payable. Its aggregate current liabilities June
30 (including taxes, interest and rentals accrued but
not due) were $4,802,030, against which it held cash
and cash assets to amount of $5,014,359, not in-,
eluding $1,743,524 of materials and supplies on
hand.

VOL, LXI1I,
1896.

P itts . S h en . & L. E ........
8 t. L ouis S o u th w e s t’n ..
St. P a u l & D u l u t h ........
S lier, a h re v . Si S o...........
T e x a s Si P a c ific ...............
T ol S t. L. & K a n . C . . . .
W est J e r s e y & Bra* . . .
W h ee lin g & L a k e E r ie .

1895.
$
2 6 5 ,9 8 2
2 ,3 3 2 ,1 5 2
6 0 8 ,2 0 6
1 57,410
3 ,0 9 1 ,5 6 2
8 1 1 ,^ 1 2
3 90,561
5 9 0 ,4 7 0

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

Increase.

*
3 4 ,578

D ecrease

$
1 6 4 ,7 6 2

17,481

3 4 ,9 1 6
2 4 8 ,3 4 2

1 6 3 ,3 2 6
2 3 ,243
7 3 ,517

T o ta l (233 r o a d s ) ........ 1 8 2 ,1 0 2 ,6 7 3 4 5 9 ,0 9 0 ,3 1 4 2 4 ,1 7 5 ,1 6 5 1 ,1 5 2 ,8 0 6
23,022.35:*
N e t in c r e a s e (5*01 p . c.)
1 60,302)
M iles o f r o a d ....................
* F o r f o u r m o u th s to A p ril 30.

1 5 9 ,1 6 6

1 ,1 3 6

We thus get an aggregate raachiag nearly five hun­
dred million dollars and covering 160,302 miles of
road. The increase over 1895 is found to be $23,022,359, or 5’01 per cent. A similar statement last
year showed a gain of $14,340,323, or 3-20 par cent.
In the first six months of 1894 there was a falling off
in the large sum of $87,914,408. It is evident there­
fore that the increase for 1896 and 1895 combined
amounts to a recavery of less than half the loss experi­
enced in 1894. Under normal conditions of trade
there should be a steady increase in earnings every
year.
We also bring forward the table given last week,
showing the more important losses and gains, or rather
R A ILR O A D GROSS EA R R IN G S FOR THE all in excess of $100,000, on the sepirate roads—ad d ­
H A LF-YE AR .
ing the roads that come into the list by reason of the
We published last week a statement of the gross and extension of the tabulations. We present the list in
net earnings of United States railroads for the half- full without further comment.
EARNINGS IN 6 M O N T H S .
PRINCIPAL CHANGES IN 6 R 3 S
year ended J une 30 1896. That statement comprised
all the roads from which we could procure returns of C hic. & N o rth W e s t... '$ 2 ,3 7 6 ,7 8 3 U n io n P a c ific (6 r d s .) . $ 1 5 9 ,3 7 8
15 6 ,8 3 5
C hic. Mil. & S t. P a u l . .
2 ,0 7 3 ,8 2 7 W a b a 9 h ...........................
both gross and n e t; as there are many roads which C a n a d ia n P a c ific .......... 1 ,5 9 5 ,4 1 9 S t.L o u is & S a n F r a n . .
1 5 6 ,1 1 1
P e n a s y lv a u ia f . . . . . . . .
1 ,4 9 0 ,1 0 0 A toh. T o p . & S a n ta F e
13 7 ,4 5 8
make reports of gross but not of net, it seems desirable G r e a t N o r th e r n ............ 1 ,4 4 8 ,7 8 0 C hic. & E a s t I l l s ........
1 3 1 ,8 8 3
B o sto n & M a in e ............ 1 ,3 0 4 ,2 4 9 G e o rg ia & A la b a m a ...
1 2 7 ,6 3 4
to supplement that statement by another embracing N o rfo lk & W e s te rn . . . 1 ,2 4 6 ,7 7 2 M obile & O h io ................
1 2 6 ,6 7 5
B u rl. & Q u in c y ..
9 2 3 ,2 3 3 Buff. R och. ec P i t t s ...
1 2 6 ,6 3 4
these roads, and thus presenting a complete exhibit of ethic.
1 2 3 ,9 8 2
E r i e .....................................
7 3 3 ,3 0 1 F li n t & P o re M a rq ........
N.
Y
C
e
n
tra
l
................
7
2
3
,4
2
5
O
hio
R
iv
e
r
.......................
1 2 2 ,9 9 2
the gross earnings for the half-year so far as we have N o rth e rn P a c ific ..........
7 12,861 G e o r g i a .................... . . .
12 2 ,0 3 5
D
ul.
So.
S
h.
&
A
tl
1
2 0 ,7 4 0
C
hic.
G
r
e
a
t
W
e
s
te
r
n
..
6
0
4
,9
8
4
returns in any form. This we have accordingly done C hic. S t. P. M. & O ra
5 9 3 ,2 8 2 E lg in J o lie t & E a s t’n .
1 1 9 ,7 6 5
D
u
lu
th
&
I
r
o
n
R
a
n
g
e
.
1
1 9 ,2 6 4
M
inn.
St.
P.
&
S.
S.
M
.
5
8
7
,7
1
6
in the following. It will be noticed that we start with L o u isv . & N a s h v ........
1 0 1 ,0 5 6
5 8 1 ,5 1 3 T o le d o & O hio C e n t .. .
5 1 0 ,3 2 4
our total of last week and then add the roads not com­ Illin o is C e n t r a l ..........
T o ta l (r e p r e s e n tin g
C h e s a p e a k e & O h io ...
4 2 2 ,8 0 6
5 6 r o a d s ) ...............$ 2 4 ,6 3 9 ,3 9 8
M ich. C. a n d C an . S o ..
4 2 0 ,0 0 0
prehended in that total.
GROSS E A R N IN G S O P U N IT E D ST A T E S R A IL W A Y S,
JA N U A R Y 1 TO J U N E 3 0 .
1896.

1895.

In crea se.

*
$
$
P r e v .re p o i tM (1 8 5 rds). 4 0 4 ,4 2 0 ,6 5 0 3 8 6,502,871 17,917,779
A d d itio n s fo r r 'd s in o l’d
fo r o n ly 4 o r 5 m os.,
6 ,5 7 3 ,3 4 2
9 0 3 ,7 3 c
b u t w h ic h h a v e now l 7 ,4 5 0 ,6 7 2
r e p o rte d fo r 6 m o s ....
A la . N . O. & T e x . P a c .—
N . on. & N. E
...
6 2 9 ,3 4 5
6 0 8 ,6 9 6
20,64*
A la. «fc V ic k s b u r g ....
2 4 7 ,9 4 0
2 3 1 ,7 4 2
16,198
V ick sb . Sh.
P a c __
254,918
2 3 8 , P43
15,975
Ann A rb o r.....................
5 5 8 ,147
5 1 3 ,7 8 5
44 ,3 6 2
B a lt. C hes. & A tl...........
1 9 6 ,269
2 0 0 ,979
B o sto n & Mi>ine.............
9 ,3 0 3 ,1 3 2
7 ,9 9 8 ,8 8 3 1 ,3 0 4 ,2 4 9
B rid g to n & S -co R iv ..
1 0 9 ,800
111,641
1,841
C h es. O hio & So. W .......
1,103,983
1 ,0 98,600
5,381
C a m d e n & A tla n tic * ..,
2 0 4 ,855
194,089
, 10,766
C h ic ag o & E a s t. I ll.......
1 ,8 6 8 ,0 6 8
1,736,185
131,883
C h ic ag o G t. W e s te rn ...
2 ,2 77,280
1 ,6 72,296
6 0 4 ,9 C4
4 5 6 ,217
C h ic ag o Peo. & S t. L ..
4 3 2 ,6 9 6
2 -*,521
C h ic ag o R ec k I. A P ac.
387,104
7 ,1 ; 8.792
6.77 1 ,6 8 8
C h ic a g o S t. P. M. & o .
3,486,934
2 ,8 9 3 ,6 5 2
5 9 3 ,282
C in . G e o rg e t'n At P o rts
2 8 ,8 0 4
30,0 3 9
Col. S a n d u s k y & H o ck
3 3 8 ,260
3 7 0 ,0 7 3
31,813
C o lu sa H a k e ...........
5,90<
7,4 0 0
E v a n e v . e* I n d ’p’lls
1 3 8 ,V39
136,778
2,161
E v a n s v . & R ich
5 2 ,4 1 7
5 0 ,6 1 0
1,807
E v a n e v . <fc • e rre H .
5 2 6 .6 6 5
4 9 4 ,307
32,3 5 8
F la. C ent. & P e r _____
1 ,0 8 6 ,9 0 4
J ,0 3 4 ,7 1 5
52,1 8 9
G e o rg ia C ar. Sh N o rth
3 9 2 ,6 2 2
325,415
67,207
G t. N o —St, P. M. St M
6 ,2 6 9 ,4 0 8
5 ,2 3 0 ,9 6 5 1 ,0 38,443
E a s te r n « f M inn . . .
7 5 5 .5 6 0
5 4 5 ,1 8 6
210,374
M o n ta n a C e n t r a l___
95 0 , r 10
7 5 0 .047
1 9 9 ,9 6 H o o sa c T u n n e l & Wit
23,577
20,560
3,017
In d . D ec. At W e s te rn ..
222 707
215,^9<
6 81)
I n t . <£ G re a t N o n h e rn .
1 ,4 2 1 ,5 7 6
1 ,5 2 7 ,3 9 6
In te ro c e a i ic (M ex ) ..
1,1 0», 216
1 ,1 8 0 ,3 8 2
K a n s a s C ily N . W
124,1 25
1 1 0 ,958
1 ? ,0 6 ‘
1,940
2,5 3 0
3 0 8 ,175
2 4 5 ,975
62.2 0 0
K a n s a s O. Sub. B elt.
1 5 2 ,3 4 0
114,056
38,2 9 0
L o n g I s la n d ...................
1 ,6 7 7 ,^0 5
1,746.031
L os A n g eles T e rm in al
45,0h7
84,3 5 6
M ex ic a n R a ilw a y ___
1,520 240
1,723.216
M e x ic a n S o u th e rn . . .
2 5 0 ,2 7 3
2 4 1 ,2 4 6
9.027
M o. K a n . «fc T e x __ .
5 ,1 9 7 ,2 1 9
5 ,2 2 0 ,3 7 3
M o. P a c . & Ir o n M t..
1 0 ,2 4 3 ,0 0 0 1 0 ,344,333
C en t. B r a n c h ............
3 4 0 ,0 0 0
2 6 5 ,239
74,761
M o n te re y A M ex G u lf
5 7 4 ,4 2 9
631 210
O co n ee
W este rn .
16,767
11,202
O hio R iv e r & C h as.
8 8 ,9 8 4
85,601
3 ,3 8 3
O hio S o u th e rn
3 6 8 .6 0 7
3 3 9 ,7 3 6
2 3 ,8 7 .

Decrease.

$
2 6 ,406

4,7 1 0

C hic. R o c k I si. As P a o .
B u rl. C e d a r R & N o ..
S o u th e rn R a ilw a y ........
L a k e S h o re & M S o .
C h ic ag o & G d. T r u n k .
D e n v e r & R io G ra n d e .
M ex io a n N a tio n a l. . . .
M ex ican C e n t r a l.........
C e n tra l of G'-t*................
M ex icau n t e r n a i ’i . . .
N ash v . C h at. & S t. L . .
G ra n d T ru n k ..................
F i t c h b u r g .......................
Io w a C e n t r a l..................
Col. H oo k . Y a l. & T o l..
T ol. S t. L. & K . C ity ..
D el. & H u d s o n ............
C o lo ra d o M id la n d ........

3 8 7 ,1 0 4
$ 6 2 6 ,5 5 9
3 7 3 ,6 5 1 S o u th e rn
3 5 6 ,3 8 5 P h il. & R e a d .a n d O .JcI.
3 1 7 ,7 7 6
3 4 1 ,7 7 2 D el. L a c k . & W e s t........
2 7 8 ,9 2 5
2 7 3 ,3 6 2 Olev. C m . O hio. & 8 t. L.
2 7 2 ,1 6 9
2 7 8 ,0 0 4
25 9 ,6 1 7 H o u s to n & T e x . C e n t..
2 4 8 ,3 4 2
2 4 5 .5 5 9 T e x a s & P a c i f i c ..........
2 0 8 ,1 6 9
2 3 1 ,8 6 N ew E n g l a n d .................
2 2 8 ,0 2 5 M e x ic a n R a ilw a y ........
2 0 2 ,9 7 6
2 2 6 ,4 4 5 C e n tra l o f N. J .........
1 7 8 ,8 7 9
2 0 2 ,7 6 2 S t. L o u is S o u th w e s t’n.
1 6 4 ,7 6 2
1 5 5 ,3 8 4
2 0 7 ,8 0 0 N. Y. C hic. <fc S t. L . . . .
1 7 6 ,8 1 1 M a n h a tta n E l e v a te d ..
1 4 5 ,8 4 2
1 2 6 ,9 4 7
1 7 0 ,9 3 3 W e s te rn N. Y . & P e n n .
1 0 5 ,8 2 0
1 67,764 I n t . & G t. N o rth e rn .
1 6 3 ,3 2 6
T o ta l (r e p r e s e n tin g
1 6 2 ,8 9 0
2 0 r o a d s ) .............. $ 3 ,3 1 0 ,5 5 4
1 61,499

t C o v ers lin e s d ire c tly o n e ra te d
o n E a s te r n lin e s in c re a s e d $ 7 48,7
* F o r five m o n th s .

jfc a n d w e s t of P itts b u r g ; th e g ro s s
a n d o a W e s te rn lin e s $ 7 43 ,1 0 0 .

THE IN V IO L A B IL IT Y OF THE N A T IO N A L
DEBT.
1,235
1,500

1 05,820
7 2 ;i6 6
5 .0
6 8 ,826
39,289
2 0 2 ,9 7 6
2 3 ,1 5 4
lo i[ 3 3 3
£6,781

We have obtained for publication the following
opinion, furnished to a savings institution by John R.
Dos Passos, Esq.:
Y ou have propounded to me th is question :
“ W h eth er under th e C onstitution of th e U nited S tates a
repudiation of th e F ederal debt, as is contem plated by th e
following clause of th e P latfo rm of th e Chicago Conven­
tion, w ould be C o n s t i t u t i o n a l ”
“ We dem and th e free an d unlim ited coinage of both gold
and silver a t th e present legal ratio of 16 to 1, w ith o u t w a it­
ing for th e aid or consent of an y oth er nation. W e dem and
th a t the stan d ard silver dollar shall be a fu ll legal te n d er
equally w ith gold for all debts, public an d p rivate, an d we
favor such legislation as will p rev en t th e dem onetization of
any kind of legal ten d er m oney by p riv ate c o n tra c t,”
There is no doubt or am biguity in th is language. I t is
plain, direct an d positive, and th e m otive an d purpose of its
au th o rs are perfectly and unm istak ab ly clear.

THE CHRONICLE.

AUOCST 23, 1896.J

339

It is not restricted to persons, n or has it a n y lim itatio n as

The fa cts and reasons upon w h ich I base m y opinion are
these:
The entire public debt o f the U n ited S ta tes w as con ­
a n y class o f p u blic or private creditors, nor does it except
tracted for the purpose o f suppressing the R ebellion. The
a n y e x istin g ob ligation s.
U n ited S tates has su b stan tially no other d eb t, excep t th at
I t declares in unequivocal term s that a silver dollar coined arising out o f bonds issued to the P acific Railroads, and
at a ratio o f 16 to 1 shall be a fu ll legal ten d er for all debts* som e other liab ilities w hich do not en ter in to the questions
now discussed before the co u n try and in v olved in your in ­
public or p rivate, no m a tte r w hen or under w hat cir c u m '
qu iry. T his ‘ ‘ w ar d e b t" has been refund ed and continued
stances th ey have been incu rred.
at various tim es since the acts o f 1870 an d 1871. but its
There is n o dispute as to the fact th a t to -d a y a silver dollar origin dates back to the C iv il W a r , and th e m o n ey received
is w orth in th e m a rk ets o f the w orld 53 ce n ts, and th e pro­ from its creditors was used for the purpose above m e n ­
tioned.
position is, to force upon all e x istin g creditors o f th e G o v ­
It is true that Mr. C leveland has caused to be issued dur­
ernm ent th is m o n ey in liquidation o f claim s w h ich th e G o v­ ing his ad m inistration bonds am o u n tin g to 8262,315,400, b u t
these obligations were m ade by virtue o f th e act o f January
ernm ent has bound its e lf to pay at 100 cen ts on th e dollar.
The extraordin ary featu re o f th is atta ck upon credit is 14, 1875, w hich w as passed for the purpose o f en ab lin g the
G overnm ent to resum e specie p ay m en ts in 1879. and b y that
th a t the G o v e rn m e n t, th e d eb tor, has n ot asked to be relieved a 't the S ecretary o f th e Treasury w as directed afte r the
o f its ob ligation s, nor has it petitioned its creditors to have first o f January,' 1879, to redeem in coin U n ited S tates legal
the true and legal force and e ffect o f its co n tra cts d im in - tender notes th en ou tsta n d in g, and he w as authorized to
ished or curtailed in a n y m an n er w h atever.
On th e con - ase «“ ?}" surphis revenues in the Treasury not otherw ise ap. ^
, ..
*
.
i ..
. . . ■propnated, and to issue, sell and dispose o f, at not less than
trary, the relations betw een the G o vern m en t an d its cred it- m r in coin, either o f th e descriptions o f the bonds o f the
ors are en tirely sa tisfa cto ry — in fa c t, sy m p a th e tic and har- U nited S tates described in the act o f Congress as approved
m onious. N eith er o f the parties to th e co n tract disputes its d ldy 1'*. 1870.
force and effect. The G overn m en t is ready, and has alw ay s ’
*t.at'eordin« 1iV f° ,low 8 th a t the bonds issued by Mr. C leve. a - v.
‘ ,,
, .
,
land are practically and su b stan tially a "p a r t and parcel
been ready, to discharge its obligation s in g o ld , and the cred- Qf the w ar d eb t o f the U n ited S tates. T h e y were issued to
ito rs have insisted th at th ey w ould accept no other m eans sustain the continuation o f the resum ption o f specie p ay o f p ay m en t.
m enta provided for b y th is a c t o f 1875, and th e y are also susto tim e.

It does not e xe m p t from its sw eep in g operation

In this con dition o f a ffa ir «, th e so-railed D em ocratic P arty
i n to rc n m
„ j
p, .
r,i ar
. . . .. \
in terven es, an d . through th e C h icago P la tfo rm , insists that
the relations betw een th e G overn m en t and its creditors
ahall be broken, and th a t th e G o ve rn m e n t, n otw ith sta n d in g

tf ? l * e? , linder
futld “ 8 act o f ,1!f 0 f u r r e d to therein. In
could only be issued for th at purpose under the
a c t o f 1875, and if the Treasury had not th o u g h t it necessary
to sustain specie p ay m en ts by stren gth en in g its gold reserve, these 8262.315,400 w ould never, could never, have

its w illingness to keep its co n tra cts, shall be forced to pav
*».___ «
. ..
,
. . . __ ’
, ,,
I repeat, therefore, th at the "p u b lic d eb t o f the U n ited
its debts by c u ttin g the a m o u n t a lm ost o n e -h a lf.
S tates is a w ar debt
There is no pretense w h atever that the G o vern m en t is n ot ! The 4tli section o f the 14th A m e n d m e n t to the C on stitu -

nnnn . i f
X
..

ad v oca tes o f free coinage o f silver insist
' m l? .lrnu' u ‘ a.rep u d iation o f th e c o n l h o thf ? M Brya.n bf.l.tevtl tb at the fr.ee co m unndb l s o h i
^ V,e^ “ e n t ^
10 - I T ,ln va h ‘,e
i l
do ‘ar W l l b t ' w°r t h
a gold dollar, but w ho is Mr. Bryan ? A re th e creditors w illX
E
tr
il,Ht ,th f C? ? b‘ ned ! “ tellig,m ce
wi l i L io ^
^
° f ‘.Wt° ry ? uA r.e tlley
w illm g to accept the sta te m e n t o f a gen tlem an w ho lias no
C ^ w T ^ O u S K ^ f UdsJkitn d T ini,t th e reaUlt8
innum erable past atte m p ts o f tills k in d /

°l

, iate<f m oney such as is co n tem p lated b ^ K s platform
adopted at Chicago.
The language of this .am endm ent pertin en t to this inquiry is as fo llo w s :
‘
“ Se< ‘ *
va l^ ity o f the public d eb t o f the U n ited
S tates authorized by law , in clu d in g debts incurred for paym ent o f pensions am i bounties for services in lunnressim r
insurrection or rabelHon Z l l Z t g
” PP
*
The history o f this am en d m en t is w ell k now n. The publie debt o f the U n ite d S tates was considered as one o f neou‘ f rly binding force unon the A m erica n people, inasm uch as
the proceeds o f it had been used in sav in g th e life o f the

"f

i

iM*tw’ppn fhf* tw n n u M tm n a

V

tk

J

,

with
it hou
o ut tin
* iii*
^ w ^ ^co
ilh
d ln
w ith
ith ^
e 'l a
^ t e r 1* The
^ ^ n ^questions
ie s H o n s
w
anaynwise
llid
in g w
the
latter.

the

dJ S ? ct> and *'h ile the creditor o f

in e u on stitu tion or the

*^“

these solem n obligati.
The

subject

’ 1“ ' A m erica n p « , ple

u n ite d

"yi n h i b i t i n g all

s ta te s a broad

interferen ce w ith

o f the debt w as first alluded to in the plat-

w cei.t f i T i » v m . . m k ug fa r\1i8t1ke
refusing to form of the Republican Party upon which Mr. Lincoln was
a< cejit in payment anything but gold, it is his province to elected for the second time in 1864 as followsL X d ^ nt ^ c ^ T rb ^ t ° h ^ i , l f
coin ive ,/yohl ^
nr
ll f

C™ tra<t a n ' f w it,i V ‘ at
P * ad v oca tes, o f fret‘

• 'Re* >tvtd T bat the national'faiit'h pledged for th e redem ption o f the public d eb t m ust be k e p t in v i o l a t e ."

■'> o p t i o n their p £ t f ! ,n „ ' in th e y e a r t m a S Z x e m p ^

the nation.

B u t th e general policy o f in trod u cin g in to this

stan d in g obligation s o f the tln m rn m B n V i.1^

present ou t-

a m lT u ly T l
i t V . ^ n
oi
law . Tlie uuesiion o f the free coinage of silver is one o f
national policy.
A s the m atter is presented, th erefore, it is in form and
substance noth in g less than pure and u n adulterated repudi­
a tio n .
ion

^

If“ T " '

' / W
passed in the follow in g fo rm :
't o fllS M l, T hat the public debt created d u rin g the late

to be

paid. and th a t an y a ttem p t to repudiate it or to im pair

“ ld debt 1»*o«ld . be .u n a n im ou sly di.scoultte
naneed by the people and rejected b y Congress if proposed.”
On M ay 23, 1866, Senator W a d e o f Ohio m oved to am end
the jo in t resolution as reported proposing the 14th A m e n d ­
m e n t, as fo llo w s :
“ The public d eb t o f the U n ited S tates, in clu d in g all debts
or obligations w hich have been or m a y hereafter be incurred
in suppressing insurrection, o r ' c a s i n g on w ar in defense

has the now ™ o f
^ con ju n ctio n w ith h im , d en t to said w ar and provided for bv law shall be invhlate
n a s t m p .in er o f lessening, lm p a in n g , in v alid atin g, or in In proposing this am endm ent the Senator said ■ “ It nuts
other w ords, repudiating, the public d ebt o f the U n ited
i
- K- - ,
V “ " " P1. . .
a e ° “ M s a i a . , I t puts
the debt incurred in the C ivil W a r on our part under the
p la te s .
guardianship o f the Constitution o f the U n ited S tates, so
The only m ethod by w hich this d eb t o f the G overn m en t
that a Congress cannot repudiate it. I believe to do this
can be repudiated w ould he by the in stru m e n ta lity or an wi ll give great confidence to capitalists and w ill be o f incalam endm ent to th e Con stitu tion o f the U n ite d States.
In m y iudVtn 'nt i f M r" B
7
'
^
h
l
e
p ecuniary benefit to the U n ite d S tates, for I have no
JTiiiioritv of both iim u * * #
11' w e le cte d , ftn<l i f a d oubt that e v e iy m an w h o has property in the public funds
S S T i
TT i y a n i, w l,ll? « W,U feeJ
when he sees th at the national d eb t is w ithto U n l a w s d i r J « n T » h ^ r ~
L h icago C onvention viz: -lraw n from the pow er o f Congress to repuUatc ,1. and placed
16 t o T
!
. !
i
, " jC n Ke Hf s,lJ “ f V . f r itl? , ° f “ n4 “
gnnrdtanship o f the C onstitution, tban he would
?.
T 1* to ^ ,wed ‘ ® tbe W » « « n t o f the public feel if it were le ft at loose ends and su b je ct to the v a ry in g
. tv . , , i
en in such case th ey w ould lie poweriess to m ajorities3 w
ir ih m
n yr arise
n r io o in
i n Congress.1
P .m
■
w hhich
ma
t
“ debt o f the U n ited S ta tes, because it is proOn the sam e d a y Senator H e n ry W ils o n , o f M assachusetts,
tecie.i by an am en d m en t to the Con stitu tion o f the U nited
stated that he approved o f the a m en d m en t, “ considering
th a i<i^.*and “ as l>een purp<isely and expressly shielded bv the debt ns sacred as the blood o f our so ld ie rs."
t fr o in ju st such a tta ck s as are non made
On June 4. 1866. S en ator H en d rick s, referrin g to this sec­
up'm it by a party o f repudiators.
tion. and in opposition to the am en d m e n t, said: “ W h o h as

340

THE CHROJN1CLE.

| V o l . LX1II,

asked us to change th e C onstitution for the benefit of the m en t being th a t th is debt should be preserved in its entire
bondholders? Are they so m uch more m eritorious th a n all | in teg rity , untouched and untouchable by an y species of
other classes tlint they m ust he specially provided for m repudiation. The in te n t, purpose and aim of the Chicago
th e Constitution? Or. indeed, do we d istrust ourselves, P latfo rm is to “ invalidate ” th e public debt.
The w ord in its prim ary sense m eans “ w eakening.” The
and fear that we will all become repudiators? A provision
like- this would, I think, create distrust and cast a shade on care used by Congress in th e selection of th e word leaves no
public credit. B ut perhaps the real purpose is to so hedge oth er inference th a n th a t its m eaning was present to th e ir
in th e bondholders by C onstitutional provisions that they m inds, an d th a t, as incorporated in th e Constitution, it m ust
never may he taxed. Such would be th e effect of this ameud- be tak en in its original and genuine sense.
A nd a little reflection will convince an y one th a t th e
m ent. Who has questioned the public credit? Or ques­
tioned the obligation to pav the public debt? Are the bond­ “ w eakening,” th e “ lessening,” “ im p a irm e n t” or “ dim i­
holders not receiving th e ir interest even in advance and m n u tion ” of th e debt would be invalidation in th e sense of
g o ld ? W hy do they ask th is extraordinary guarantee? th e Constitution. If th e T reasury D epartm ent should u n d er­
They tru sted th e good faith of th e people and there is no take to scale down th e debt one-halt or one-quarter, th is is
practical repudiation—and repudiation is invalidation.
breach of th a t faith .”
In fine, th e C onstitutional A m endm ent intended th a t th e
On Ju ne 8, 1866, Senator Clark proposed to amend the lan­
guage of the am endm ent into the language in w hich it now debt should rest as a whole, free from assaults of au y kind,
appears in the Constitution. He said th a t th e form er pro­ and th a t th e creditors of the G overnm ent should be a t all
vision iu w hich the word “ inviolability” occurred was here tim es fairly, equitably an d honorably treated , an d receive
“ inserted again in another form ,” and it so passed the Sen­ th e ir money w ithout im pairm ent or dim inution. This view
is enforced by th e ac t of th e G overnm ent in resum ing specie
ate on th a t day.
On June 18. 1866, the House of R epresentatives passed the paym ents in 1879, and it m ust be said to th e cred it of th e
same resolution. In moving its adoption Thaddeus Stevens G overnm ent th a t all of its financial operations since th e
funding a c t of 1870 have been steadily directed to th e pay­
said: “ The 4th Section renders inviolate the public debt.”
W hen the C onstitutional A m endm ent was before the m ent of its creditors in gold.
There is ano th er answ er w hich m ay also be urged to th e
House of Representatives for consideration Mr. Windom,
who subsequently became Secretary of the Treasury, said conclusions w hich I have reached, viz., th a t th e cases
“ th a t the 4th section (of the 14th A m endm ent) is designed known as th e “ Legal Tender Decisions” hold th a t Congress
has th e power to issue notes and to m ake them legal ten d er
to prevent a repudiation of the Federal debt.”
In speaking of this am endm ent to the Constitution, Judge for all debts. The history of these cases is too w ell know n
Cooler, in his work on C onstitutional L im itations, said th a t to require any extensive com m ent. The Court first decided
th is am endm ent “ declared th e inviolability of the public (Dec., 186D,)that Congress liad no power under th e C onstitu­
d eb t” and Judge Miller, of the Supreme Court of the U nited tion to m ake an y description of credit currency a legal te n ­
States, in alluding to th e same subject, declared th a t “ it der in paym ent of debts. Three of th e Judges of th e C ourt
forbids the invalidating of th e public debt of the U nited dissented from th a t conclusion. Subsequently th e question
came again before th is Court, an d it was held (Dec., 1870,)
S tates.”
In Bigelow’s Edition of Judge Story’s Commentaries on th a t the legal ten d er acts were C onstitutional w hen applied
the Constitution it is said “ to the same am endatory article to co n tracts m ade before th e ir passage, four of th e nine
it was regarded im portant to add a 4th section w hich should Judges dissenting from th is view. In October, 1883, th e
uestion was again argued an d it was held, only one Judge
have for its chief object to protect the credit of the nation
by affirming th e unquestionable character of the national issenting, th a t Congress has th e power to m ake Treasury
notes a legal ten d er in tim e of peace as w ell as in tim e of
indebtedness.”
Mr. Blaine, in his book entitled “ Tw enty Years in Con­ war.
Now it w ill be observed th a t all of these cases involved
gress,” speaking of the subject, says:
“ There was a fear th a t if by political revolution the th e rig h ts of private p arties i n t e r sese. They were n o t con­
Confederates of the South should unite w ith the Demo­ te sts betw een th e G overnm ent and its creditors—its bond­
crats of the North and thus obtain control of the Govern­ holders or its note-holders. The cases w ere all determ ined
m ent they m ight, a t least by some indirect process, if not by reference to general and express power, conferred by th e
directly, im pair the public obligations of th e United States original C onstitution upon Congress, to create paper money
incurred in suppressing the rebellion. They feared th a t th e and m ake it a legal te n d er for th e paym ent of debts. T h e
large bounties already paid to Union soldiers and th e gener­ r e l a t i o n o f th e G o v e r n m e n t to i t s c r e d ito r s u n d e r th e Jftli
ous pensions already, or w hich m ight afterw ards be, pro­ s e c tio n o f th e IJ fth A m e n d m e n t to th e C o n s t i t u t i o n iv a s i n n o ­
vided, m ight in th e advent of the same adverse political w is e in v o l v e d , n o r w a s t h a t a m e n d m e n t c o n s id e r e d o r e v e n
power in the Government be objected to unless a t the same a d v e r te d to . The creditors of th e U nited S tates holding its
tim e a sim ilar concession should be granted to the misled “ w ar obligations ” stand upon a footing unique an d dis­
and deceived masses of th e South. I t was therefore ex­ tin c t—and these legal-tender cases, no m a tte r w h at th e ir
pected th a t Congress would, so far as organic law could a t­ value m ay be otherw ise, have no relation to or direct influ­
tain th a t end, guard the sacredness of the public debt. It ence upon th e proposition here discussed.
was certainly of inestim able concern to the honor of the
If th e 4th section of th e 14th A m endm ent had n o t been
country th a t those who had shed th e ir blood and those who adopted by th e people, perhaps, by v irtu e of th e powers to
had given th eir treasure for its defense should have th eir coin m oney and to regulate th e value th ereo f conferred by
claims upon the national justice placed beyond the whim, th e original C onstitution and u n d er th e last decision of th e
the caprice or malice of any accidental m ajority in Con­ Supreme Court of th e U nited S tates in th e legal ten d er
gress. The Republicans, therefore, said: ‘W e sh ill incorpo­ cases, Congress would have th e rig h t to pay th e Governm ent
rate the rights of th e soldier to his pension and of the pub­ creditors in an y kind of m etallic currency w hich it m ight
lic creditor to re-paym ent in th e very Constitution of the see proper to issue; b u t th is am endm ent to th e C onstitution
republic.’ ”
cu rtailed its powers an d created a deep an d broad restric­
In the light of the above history, it appears perfectly plain tio n upon its rig h ts by expressly forbidding an d prohibiting
th a t the people of the U nited States intended firmly and th a t body from in validating—i. e. violating, lessening, im ­
legally to bind themselves as a nation in the Constitution to pairing, destroying or depreciating th is “ w ar d eb t.”
pay the public debt of the country w ithout any possible
Senator H ill apparently recognized th e justici^of th e con­
dim inution or im pairm ent.
ten tio n here m ade, because in th e Chicago Convention he
The debates and history of th e passage of this am endm ent offered an am endm ent to th e silver plank in th e platform
through Congress clearly show such a purpose, and it is destroying its retroactive effect, and substantially providing
therefore in my judgm ent u tterly beyond the power of any th a t th e silver dollars w hich th a t platform sought to m ake
party in or out of Congress to interfere w ith or prevent th e a legal ten d er for public an d private debts should n ot be
full paym ent of this debt in the m anner originally intended used to extinguish existing obligations; b u t th is am endm ent
by tne people.
was voted down. The Convention th u s squarely recorded
To undertake to pay the public creditors or holders of this itself in favor of repudiation ; it p u t itself in th e very te eth
debt in a depreciated money, or a t the rate of a little more of th e C onstitutional A m endm ent ; it refused to lim it the
th an about 50 cents on th e dollar, constitutes a flagitious operation of its platform , so th a t it would n ot affect existing
violation of this provision of the Constitution, and the Con­ obligations, public and private. The platform aim ed a t all
gress of the U nited States, or its Executive, would have the debts and obligations, past, present an d fu tu re.
same rig h t to wipe it out entirely as to ' ay to the creditors
Finally, it m ay be said th a t the co n tract of the Govern­
a sum less than the whole am ount fixed in"the bonds.
m en t is to pay in “ roiw,” an d th a t a ten d er in silver is a fu ll
It may be argued th a t the word “ validity ” in the am end­ compliance w ith its contract.
m ent to tin' Constitution is not broad enough to cover a case
I have already endeavored to show th a t th e attem p ted
whore Congress should attem pt to im pair or diminish the paym ent of th e debt by offering th e creditors 53 cents upon
values of the securities by attem p tin g to pay the interest th e dollar is repudiation, an d th a t it is against th e C onstitu­
or principal in depreciated money or currency. B ut there is tional A m endm ent heretofore quoted. B ut th e history of
no real force in th is objection. As lias already been shown, th e use of th is w ord “ coin” in th e statu tes, an d th e o erathe language of the am endm ent as originally introduced tions of th e Treasury D epartm ent u nder them , and the
contained the word “ in v io late” instead of' “ validity.” practical construction given to th e subject by all branches
The former was finally stricken out and the la tte r substi­ of the G overnm ent, clearly show th a t th is word “ c o in ”
tu ted in lieu thereof, upon th e assumption and belief of the m eant “ gold” an d nothing else.
mover of the resolution, Senator Clark, th a t the la tte r word
F irst: The word “ coin” appears in th e ac t passed March
was the more comprehensive and forcible, and as having a 18, 1869, en titled “ An A ct to stren g th en th e P ublic C redit,”
more accepted and applicable meaning, and it is apparent in w hich it is declared “ th a t in order to remove an y doubt
from all of the surrounding circum stances th a t th e word as to the purpose of th e G overnm ent to discharge all ju st
“ v alid ity ” was intended to include “ inviolability,” “ im­ obligations to th e public creditors, an d to settle conflicting
pairm ent ” or “ dim inution; ” the central idea of the am end­ questions an d in terp retatio n s of th e laws by v irtu e of

A ugust 39, 1396.]

THE CHRONICLE.

3U

w h ich such ob ligation s have been co n tracted , it is h ereby bold and strik in g a v o w a l and a ck n o w led gm en t o f the G ov­
provided an d declared th a t the fa ith o f th e U n ited S ta tes is ern m en t th a t it intended to discard silver in its fu tu re deal
solem n ly p ledged to th e p ay m en t in coin or its equivalent ings w ith its creditors.
It is unnecessary to endeavor to fa th o m the policy or
o f all the ob ligation s o f th e U n ite d S tates not bearing i n ­
terest, know n as U n ited S tates notes, and o f a ll th e in terest- theory wliieli induced Congress to pass this a c t o f 1873, b u t
bearing obligation s o f the U n ited S tates, except in eases a t the tim e o f its passage silver w as still a t a p rem ium , and
where the law au th orizin g the issue o f an y such obligations it w as m uch easier for the G o vern m en t to liquidate its
has expressly provided tlia t the sam e m a y be paid in law fu l indebtedness in gold than in the form er m e ta l, and th a t it
then and there fu lly exercised its option co n clu sively
m onev or oth er cu rren cy th an gold and silver. '
T his a c t grew out o f the P residential c on test o f 1868, when appears from the official circular o f A ssista n t S ecretary
G eneral G ran t and C o lfa x were elected over S eym ou r and F rench to Mr. S herm an dated June 11, 1877, w hioh is as
B lair. The ou tsta n d in g issue o f G o vern m en t bonds at tliat follow s:
“ 1. The act o f J u ly 14,1870, provides for the issue o f U n ite d
tim e w as about $3,000,000,000, th e interest o f w h ich had
been paid in go ld , and it w as assu m ed b y all parties that the S tates bonds * redeemable, in coin of the present standard
interest an d principal w ould con tin u e to De paid in th at value.'
“ 2. The then legal coin w as gold and silver, the standard
m etal.
A school o f politicians headed by M r. P en dleton o f O hio being 23'22 grains o f pure go ld to the dollar, and 3711-4
m ade an a tta ck upon th e G o vern m en t for p ayin g in gold, grains o f pure silver to the dollar.
“ 3. W h ile the law rem ained unchanged th e co n tra ct w as
and advocated a proposition to pay the principal o f the
bonds in “ g r e e n b a c k s ." T h is w as tiie first a tte m p t a t rep u ­ leg ally perform ed by paym ent in such standard coin o f gold
d iation , but it was not inspired b y silver, w hich w a s unpro­ or silver.
" 1 . The a c t o f A pril 1, (Feb. 12) 1873. declared silver not
cu rable. an d com m an ded a prem iu m over g o ld . A very
large n u m b er o f D em ocrats in th e W e s t espoused the to be a tender fo r such bonds.
“ 5. That a c t w as a n elem en t in all sales o f bonds a fte r th a t
“ g r e e n b a c k ” proposition witII en th u siasm , and the in fe c ­
date by the G o vern m en t or by individuals, the buyer h a v in g
tion spread a m o n g a few R epublicans also.
The sen tim en t o f Mr. Pendleton’s follow ers was strik in gly the promise o f th e U n ite d S ta tes to p ay in coin , i. e ., coin
illustrated in his escort w hich arrived in N ew Y o rk from recognized as leg al, i. e ., gold coin.
“ 6. Any net te/iicft shall declare silver coin a tender fo r such
O hio, each m an w earing pinned to his breast a d ag on w hich
was a reproduction o f a $5 greenback and an inscription bowls U an attem pt t > insert an clement not in the contract,
an elem ent expressly exclud ed b y the promisor by the a c t of
d em an d in g the p aym en t o f th e *>-20 bonds in that cu rren cy.
*
T he 9 th section o f the platform adopted in the D em o­ 1873.
7. A n d as it cannot be know n w liat bonds have been
cratic C onvention o f th a t ye ar provided th at there should
be *• one cu rren cy for th e G o vern m en t and th e people, the t r a n s f e r r e d since the act o f 1873, a ll bonds under the a c t o f
laborer and the odice-h older, the pensioner and the soldier, 1870 m u st be paid in gold coin o f the standard value nam ed
therein— 28'22 grain s o f pure gold to the dollar.
the producer and th e bondholder.
“ R espectfu lly su b m itte d .
A lth o u g h it was understood that G overnor S ey m ou r, w ho
•• H . F. F u e s c h , A ssista n t S e c re ta ry .”
w as the nom inee o f the D em ocratic P arty, was not in favor
F o u r th : T hen follow s th e a c t o f January 14, 1875, provid­
o f the m o vem en t to pay the 5-80 bonds in green back s, he
stood upon this platform : the election w as fou gh t largely on in g for the resum ption o f specie p ay m en ts. T he operations
th at ba d s an d decided m o st ov erw h elm in g ly in favo r o f o f the G overn m en t, un d er this a e t. in issuing bonds, an d in
G eneral G ran t, he receivin g 211 electoral votes to 80 east | paying notes presented for redem ption, were all con du cted
in gold, and in all subsequent d ealings w ith its creditors,
for S eym ou r.
To em phasize the sen tim en t w h ich th e A m erica n people dow n to the present (bite, the G o vern m en t lias em phasized
felt in regard to the u tter dishonor o f p ay in g off these bonds its i> wit ion by d em an d in g gold in subscriptions for its bonds
in green back s, the a c t o f I860, above qu oted, w as in tro­ and in p aying gold in discharge o f its obligations.
There lias not been one solitary operation in silver since
duced and adopted, w herein it pledged the U n ited S tates
" t o the paym ent in coin o r lf» equieo/enf o f all the o b lig a ­ the act o f 1870 b etw een the G overnm ent and its bond
tions o f th e U n ited S ta t e s ." e tc .
creditors.
F ifth : In conclusion upon this su b je ct it£ s on ly necessary
The people o f the U n ited S tates very em p h atically refused
t o sanction the a ttem p t o f th e G reenbookers to pay the to re fef to tw o other acts w h ich clearly indicate tliat the
G overn m en t debt in a depreciated currency. T h ey th en G overnm ent a t all tim es w as engaged in an endeavor to
and there construed th e con tract to call for gold.
carry out its co n tract and |>oliey, to p ay its debts in gold or
Second : The w o n ! **coin ” appears in the fu n d in g act o f its equivalent.
B y the last, clause o f the second section o f th e a c t o f J u ly
J u ly 11, 1870, and also in the a c t providing for th e resum p­
14. i890, w hioh directed the Secretary o f th e Treasury to
tion o f sjwcie p ay m en ts, paw ed Jan u ary 11, 1875.
A t the date o f the passage o f th e fu n d in g a c t, J u ly 11, purchase silver bullion to the am ount o f 4,500,U00 ou n ces a
1870, the G o vern m en t ow ed a gross indebtedn ess o f about m onth and to issue Treasury notes in p ay m en t thereof, it
$2,180,973,427 81, o f w h ich abou t $1,013,827,700 consisted o f wan declared to be “ the established policy o f the U n ited
bonds. These bonds were all subsequently fu n ded under States to m aintain the tw o m eta ls on a parity w ith each
these a c ts a n d , in clu d in g the Ism d s issued by M r. C leveland , other upon the present legal ratio or such ratio as m a y be
there rem ain s ou tstan din g an d unpaid abou t $847,364,250 provided by la w ,” and under the a c t o f N ovem ber 1, 1803,
o f these war obligations.
repealing the last-m entioned a c t, it w as “ d eclared to be the
The question arises us to w h at are th e co n tractu al rela­ policy of the U n ited S u ites to continue the use o f both gold
tions bet wee u the parties— th e creditor and d eb tor— under and silver as standard m o n ey and to coin both gold and sil­
th ese'acts.
T hey use the word “ coin ” an d the bonds are ver into m oney o f equal intrinsic and e xch an geab le v a lu e,
payable in “ coin.'*
such equality to la- secured through international ntpvemrnt
A t the date o f th e passage o f th e act o f 1860-70 ab ove re­ or by such safeguards o f legislation as w ill insure the m a in ­
ferred to, silver com m an ded a prem ium over gold, and while tenance o f the parity in value o f the coins o f the tw o m etals
under these circu m stan ces it w ould have been an actual and the equal pow er o f every dollar a t all tim es in the
benefit to the bondholder to h ave received his m oney in sil­ m arkets and in the jjaym en t o f d e b ts.”
ver, it was not in th e pow er o f the G o vern m en t to nay him
H ow could this parity lie m ain tain ed ? S im p ly and solely
in th at m eta l, because there w ere less than $8,000,000 o f by procuring and h av in g on hand a t all tim es a sufficient
coined silver dollars in existen ce. One can n ot shut his eyes am ount o f gold to m eet the d em ands o f its creditors w ho
to the fact that it was th e undoubted intent inn o f th e parties preferred to l>e paid in gold.
that th e Itondholders should receive gold. A s the intention
in respect to the quest ion o f w here bondholders m ay assert
o f the parties is the soul o f a co n tra ct, th is ou g h t to be co n ­ their rights in the even t o f an y attem p ted legislation a ffe c t­
clusive.
ing these bonds, the law has m ade am ide provision in the
It was originally the undoubted righ t o f the G overn m en t acts creatin g th e Court o f Claim s. The U n ited S tates
under these acts to have paid the creditor in silver if it de­ G overnm ent lias p erm itted itse lf to be sued in that tribunal
sired so to do. S ta n d in g face to face w ith the creditor at upon all cluim s founded upon the Constitution o f the U n ited
tile inception o f the business the G overn m en t could say. States, or an y law o f C ongress, or upon an y regulation o f
“ we w ill pay in silv e r.” Tin- G overn m en t then and there an execu tive d ep artm ent or upon a n y con tract, express or
had the option— it had the ch oice o f either m etal in w hich im plied, w ith the G o ve rn m e n t o f the U n ited S tates, and
to m ake its p aym en ts. But it did not do a o - i t did not av ail this jurisd iction is fu lly and am ply sufficient to vin dicate
itself o f its righ t in th at resis'ct. H a vin g such option it e x ­ the rights o f the bondholders in case they are tram pled
ercised it and assum ed an ob ligation to pay in go ld . The upon or denied.
m otive o f th e G overn m en t is ‘very plain. I f it had under­
These bonds liave all been co n tin u ed under different acts
taken to pay in silver its financial operations would have o f Congress, and the acceptance and use o f the m o n ey o f the
been blocked. It concluded to do w h at every oth er nation bondholders by th e G o ve rn m e n t co n stitu tes in la w an e x ­
was doin g, to |>ay the principal and interest o f its debt in press contract betw een the parties, the breach o f w hich by
gold.
the G o vernm ent su b je cts it to action a t the instance o f the
The rule o f law is w ell settled that w here a party has an bondholders in the (jou rt o f C laim s ; the decisions o f w hich
option to m ake a p ay m en t in either o f tw o d ifferen t m odes tribunal are review able in the Suprem e Court o f the U nited
and he adopts one his election is final, and his option to jviy States.
in the other is gon e. T he decisions o f courts and the opin­
In conclusion. I w ish to ad d th a t, in my opinion, the G o v­
ions o f te x t w riters are in fu ll accord w ith th is principle.
ernm ent o f the U n ited S tates has legally bound itself in
Third : I f an y furth er evid en ce or dem onstration were every conceivable and possible w ay to pay its debts in gold
needed to show th at the U n ited S tates had mad> its elec­ coin, through its E xecu tive, through its d ep artm en ts, and
tion to j a y in g Id it can be found in the a c t o f February by repeated acts o f Congress.
12. 1873. w hich m ade the gold dollar th e u n it o f value and,
I f it ever had the option to pay in silver, it has long since
according to popular idea, dem onetized silver. Here w as a lost it by insisting th a t subscriptions to its bonds should

THE CHRONICLE.

342

be paid in gold, and by issuing only th a t m etal to liquidate
and discharge its own debts.
I do not deem it necessary to advert a t any f u r t h e r length
to the manv other and different acts by w hich the Uovernm ent has construed its contracts w ith its creditors to be
payable in gold, but they are known to every well instructed
Governm ent ollicial and' to all students of our financial his­
tory.
In the face of these facts, in my opinion it seems impossi­
ble for tli ■Government to repudiate this war debt. N oth­
ing in the history of the nation is more sacred th an th ese
obligations. It ought to be enough to say th a t the “ h o n o r
of the people of this country is pie lged to pay them in th a t
m etal w ithout having recourse to legal and technical a rg u ­
m ents to prove the liability.
Even if the Government were financially embarrassed and
unable to pay its debts, which it is not; even if the nation
were bankrupt, w hich it is not, the “ w ar debt is the kind
of an obligation th a t cannot be discharged w ithout paym ent
in full.
There are s i n s le b t; w hich cannot be canceled w ithout
th e consent >i cue • • • lito.\ I ' m 1 obligations of the U nited
States are of this kind.
Wh m t ie creditors of th e U nited States, more th an 95 per
ce n t of whom are A m erican citizens, consider th a t th e
Government is in real distress, I believe th a t they will be the
first to gracefully and voluntarily contribute to its m ainte­
nance. but w ith its unlim ited resources and credit they are
n ot called upon to subm it to a brutal and causeless repudia­
tion which the C onstitution prohibits.
The fourth section of th e Fourteenth A mendm ent of th e
Constitution has never been before the courts for interp re­
tation.
The questions here presented are novel and profoundly
im portant.
I believe, however, th a t there are reasonable grounds for
the opinion w hich I have reached, th a t repudiation in th e
form which I have described would be such an “ invalida­
tio n ” of these solemn obligations as is interdicted by th e
organic law of th e land.

[V ol . LX 1II,

year f l , 076,325, or an average of 4‘80 per cent, ag ain st$1,060,675, or 4 80 per cent, in the like period of 1895, In 1894 the
average dividend was D ll per cent.
H alf tea rs
1890 a n d 1895.

D ividends 1890. D ividends 1895. Increase
or
P . C.( A m o u n t. P . C. A m o u n t. Decrease

C apital.

A m e ric a n L i n e n C o .............
B a r n a b v M a n u f a c ’g
.
B a r n a r d M a n u L ic ’g C o ___
B i r d e r C ity M a n ’f ’g C o . ..
B o u r n e M ills ...........................
C h a c e M ills .............................
C o r n e ll M ills ...........................
D a v o l M ills ..............................
G lo b e Y a r n M ills ....................
G r a n it e M ills .........................
K in * P h i li p M ills.................
L a u r e l L a k e M il ls .................
M e c h a n ic s ’ M ills ...................
M e r c h a n ts ’ M a n u f a c ’g Co.
M e ta c o m e t M a n ’f ’g C o —
O s b o r n M ills ............................
P a r k e r M U)...............................
P o c a s s e ^ M a n u f a c t ’g C o . .
R ic h a r d B o r d e n M ’f ’g C o.
S a g a m o r e M fir. C o ...............
S a n f o r d S p i n n in g C o ..........
S e a c o n n e t M i l l s . . . . . ............
S ia d e M ills .............................
S ta ffo rd M ills ...........................
T e c u m s e h M ills ...................
T r o y C o t. & VV. M fg . C o ....
W a m p a n o a g M ills ................
W e e t a m o e M il ls ....................

$800,000
$12,000
5
$40,000
400,000 . .N o d iv id e n d . ..N o d iv id e n d .
16.500
330,000
19, HOC
0
5
5
55,000
1 ,000,000
50,00'
5X,
400,000
8
32.00C 10
40,000
50' *.000
22,500
27.50C
nX
4X
120 ,0 0 0
4,200
3X
4 .20"
3X
0
18.000
400,000
24,0*’0
4X
24.000
18.00')
400,000
0
4X
0
0
580,000
34,800
1 ,200,000
42,000
4
48,000
m
1 ,000,000
55,000
45.000
oX
4X
800,000
36,000
36.000
4Xj
*x
1 ,000,000
4
40,000
5
50,000
45,000
1 ,000,000
45,000
4X
4X
500,000
2 1,0 0 0
18,000
■IX
4X
750.000
41,250
33,75"
oX
4X
40. (.00
5
5
800.000
40,000
288,000 . .N o d iv id e n d . ..N o d i v id e n d .
20,000
5
20.000
400.000
5
000,1*00
33,0'*0
>w
27,000
5W
12,500 . .N o d i v id e n d .
500,000
2W
27,000
4W
27,000
600,000
4X
40,000
36.000
5
800,000
AW
7.800
3.90O
200.000
3
IX
4
30,000
49.500
900,000
bX)
30,000
22,500
500,000
6
4X
27,00*.
33,000
600,000
5*
4X
27,500
550,000
30,250
5
oX
5,500
2
11 ,0 0 0
550,000
1
40,000
4+ 0"0
800,000
6
0
15,000 . .N o d i v id e n d .
260 ,0 0 0
6
22,500
500,000
5
25,000
m
300,000 ‘ 20
48.000
60,00" 10
00,000
750,000
52,500
8
7
37,500
750,000
45.000
5
0
20,625
15,125
550,000
2H
3X

T o t a l s ................................... $22,428,000 4-80 $1,070,325 4-80 $1,060,075
* In c lu d in g a n e x tr a d iv id e n d o f 5 u e r c e n t fro m r e a l e s ta te .

—28,000
+ 3 .3 0 0
- 5 .0 0 0
—8 .0 0 0
+ 5 ,0 0 0
4 0 .6 6 6
+ 6.0 0 0
—0.0 0 0
1 10 .000
- 10 ,6 6 6
+ 3 .0 0 0
+ 7 ,5 0 0

+ 0,0 0 0
+ 12,500
—4.666
—3.900
—13,500
+ 7 ,5 0 0
4-«,000
+ 2 ,7 5 0
-5 ,5 0 0
+ 1 5 ,6 6 6
+ 2 ,5 0 0
+ 17,000
—7,500
+ 7 .5 0 0
—5,500
- h 15,650

An unsatisfactory feature in connection w ith the current
statem ent of dividends is the fact th a t the ou*look for the
im m ediate future is far from favorable. N otw ithstanding
the considerable curtailm ent of production the past two
months, there has been a pretty steady accum ulation of stock
J o h n R . D os P a s s o s .
in the hands of m anufacturers, the holdings of print cloths a t
Fall River alone at present being nearly 1,700,000 pieces.
F A L L R I V E R M IL L D IV ID E N D S .
W ith a revival of business activity this large stock would
The results of the operations of the Fall River cotton-manu of course quite rapidly disappear, but until the political situa
facturing companies for the third quarter of 1896 have been tion becomes clearer a change in trade conditions can hardly
less satisfactory than those for the second quarter of the year, be looked for.
and much less favorable than for the corresponding quarter
of 1895. The Barnaby M anufacturing Company and the IM PORTS A N D E X P O R T S O F GOLD A N D
Metacomet Manufacturing Company have passed their diviS IL V E R A T S A N FRANCISCO.
denda this quarter as they did during the earlier quarter of
We have received this week from the Collector of Customs
1896 and each quarter of 1895. Seven "other corporations at San Francisco the details of im o irts aa d exports of gold
which were included among the' dividend-payers in the and silver through th a t port fcr the m onth of Ju ly , and
quarler of last year have made no distribution this quarter. Of they are presented below, together w ith the figures for the
the remaining mills nine have paid out less than in 1895 and preceding months, thus completing the results for the seven
thirteen have maintained last yeat’s rate of distribution. The months of the calendar year 1896. The im ports of gold were
aggregate am ount paid out for the third quarter of 1896 has less than in any m onth since March, the am ount received
been $281,950, or an average of l -26 per cent on the capital. reaching $79,403, of which $8,723 was in c o in ; but of silv er
In 1895 the average dividend for the third quarter was l -85 there came in $239,098, of which $209,231 was bullion. There
per cent and in 1894 it was 1'25 per cent.
has been received during the seven m onths a total of $570,751
gold and $1,267,314 silver, which compares with $1,011,362 gold
D ividends 1900. D ividends 1896.
t h ir d q u a r t e r ]
Increase and $1,105,466 silver in 1895. The shipm ents of gold during
C apital.
or
1896 a n d 1895.
P . C. A m o u n t. P . C. A m o u n t. Decrease Ju ly were heavier than in any m onth since December, 1890,
A m e r i c a n L i n e n C o .............
2
$800,000 ..N o d iv id e n d
$18,000 —16,000 reaching $206,105, all coin, and the exports of silver have been
400.000 ..N o d iv id e n d . . .N o d iv id e n d .
B a r n a b y M a n u f'K C o ..........
2
B a r n a r d M a n u f ’K C o ..........
330.000
$8,000 2
0,000
$133,866 coin and $487,620 bullion. For the seven m onths the
B o r d e r C ity M a n u f ’g C o ..
1,000,00 *
2
15.000
20,000 -5 ,0 0 0
400.000
B o u r n e M i l l s . . . . ...................
10.000 4
exports of gold have been $589,503, against $228,530 in 1895,
1«,000
Cb& ce M ills ............................
600.000
7.500
7.500
120,000 ..& d iv id e n d .
C o n a n t c u t M ills .....................
2,400 - 2 ,4 0 0 and $5,276,184 silver has been sent out, against $6,867,881 in
J*
2
C o r n e ll M i l l s ..........................
40O.0< H)
8,000
i« . 6,000 +2,000 1895. The exhibit for Ju ly and the seven m onths is as
2
400,00i»
D a v o l M ills .............................
8.000
0,000 +2,000
680,000
F l i n t M ills ................................
2
11,000 F
11,000
G lo b e Y a r n M ills ................
1.200,000 . .N o d iv id e n d .
18,000 —18,000 follows :

G r a n i t e M ills..........................
H a r tr r u v e s M ills ...
K e r r T h r e a d C o ...
K ln « P h i li p M ills.
L a u r e l L a k e M ills.
M e c h a n ic s ’ M ills ........... .
M e r c h a n t s ’ M a n u f ’K C o ...
M e ta c o m e t M a n u f ’K C o ...
N a r r a K a n s e tt M il ls ...
O s b o r n M ills .................
P a r k e r M ill.....................
P o c a a s e t M a n u f ’K C o .........
R i c h a r d B u r d e n M fK. C o..
R o b e s o n M ills ........................
S a g a m o r e M a n u f ’K C o —
S a n f o r d S p in n in g C o ..........
B e a c o n n e t M i l l s ...................
S h o v e M ills ..............................
S la d e M ills ...............................
S ta f f o r d M ills .........................
S t e v e n s M a n u f a c t u r e Co.
T e c u m s e b M ills
T r o y C o t. & W M f* . C o..
U n io n C o t to n M a n ’f ’g Co
W a m pano& K M ills .............
W e e t a m o e M ills ..................

1,000,000
15.000
800.000
IS 12.000
1,000,000 ..N o d iv id e n d .
1,000,000
15,000
500.000

s:
&
2

15.000
0,000
15.000
10.000

600.000

ig
l*

..No d lv id e u d .
0,OOo IX
0,000
9,0i'0 IX*
9.000
0,250 .No d iv id e n d .

800,000

1*

8.000

400.000

000.000

000,00

9.000

200,000 ..N o d iv id e n d .
900.000
9,000!
1
500.000
2
10,100
000,000
9.000
550.000
8.250

J*
l*

9/*00
10,000
3.9U0
18,000
7.500

f

9.000
11,000

551),000 ..N o d iv id e n d .
5,50u
800.01 >0 2
10,000 2
10,000
2-.0,01)0 2
5.000 ..N o d i v id e n d .
500.000
7,600
7.500
300.000
15,000
18,000
790.000 2
3
15/00
22,500
750.000
1
7.500 2
15,000
550.000 N o d iv id e n d .
0,875
IX

$22,129,000
* O n c a p it a l u f $400,00",

ig

7.500
11.250
800.00G
8,000
28N.OOO ..N o d iv id e n d .

700.000

15.000
12.000

I 26

$281,950 1*85
+ O n c a p it a l o f $21,378,000.

IM PO R T S O F GO LD AND S IL V E R AT SAN FR A N C ISC O .

25.U1.0 -2 5 ,0 0 0
+ 1,500
- 3 ,7 5 0

S IL V E R ,

GO LD .
M ONTHS.

C oin.

B u llion

Total.

C oin,

B u llio n .

Total.

—8,000

- 9 ,0 0 0
+ 2 ,5 0 0

18 9 6 .
J a n u a r y . ..
F e b ru a ry ..
M a rc h ........
A p ril..........
M ay ............
J u n e ..........
J u l y ...........

$
$
13,821 6 9 ,2 1 2
4,5 9 5 3 8 ,6 0 4
1,260 48,231
1 2 ,045 1 08,823
5,738 80,957
1 1 ,826 9 6 ,2 3 6
8,7 2 3 7 0 ,6 8 0

8 3 ,033
4 3 ,1 9 9
49,491
1 2 0 ,8 6 8
8 6 ,6 9 5
10 * ,0 6 2
• 7 9 ,4 0 3

- 2 ,7 5 0
—5,500

Xflh 7 m os.

5 8 ,008 5 12,743

5 7 0 ,7 5 1

+ 6 ,2 5 0

-8,000
—3.000

+ 5 ,0 0 0

394,8751—112.025

Combining the foregoing results with those for the halfyear (published in the Chronicle of June 30, page 1122), we
have the following exhibit for the half-year. It is there seen
that thirty-seven corporations, with a capital of $22,428,0 0
have paid out in dividends in the nine months of the p r e s e n t

$
2,341
7 1 ,3 0 5
9 4 ,2 8 6
2 9 ,8 4 5
9,4 6 2
2 6 ,970
1 9 ,867

$
1 3 5 .4 7 0
16 2 ,8 2 5
2 0 3 .4 7 0
16 9 ,0 5 2
1 4 4 .5 0 8
2 2 2 ,8 9 1
2 2 9 ,0 9 8

13 1 ,1 2 9
9 1 ,520
10 9 ,1 8 4
13 9 ,2 0 7
13 5 ,0 4 6
195,921
2 0 9 ,2 3 1

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

E X PO R TS O F GO LD AND S IL V E R FR O M SAN FR A N C ISC O .

-sVooo

—7,500
—7,500
- 0 ,8 7 5

$

S IL V E R .

GOLD.
MONTHS.

C o in .

1896.
J a n u a r y ..
F e b ru a ry ..
M a r c h .. . .

$

BuW n
$
10 0

M a y ..........
J u n e .........
J u l y ............

2 9 ,512
4,7 6 0
7 ,8 4 57,063
1 10,460
1 7 1 ,3 3 5
20 6 ,1 0 5

Tot. 7 m os.

5 8 7 ,0 8 3 1 2 ,4 2 0

A p r i l ............

*40
140
1,850
290

T o ta l.

C o in .

B u llio n .

T o ta l .

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

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

5 8 9 ,5 0 3 1 ,7 1 7 .8 1 9 3 ,5 5 8 .3 6 5

5 ,2 7 6 ,1 8 4

$

2 9 ,6 1 2
4 ,7 6 0
7,8 8 8
5 7 ,2 0 3
11 2 ,3 1 0
1 7 1 ,6 2 5
2 0 6 ,1 0 5

$
1 9 0 ,0 4 3
5 74,354
4 2 5 ,1 7 5
7 7 ,572
5 3 ,859
2 6 2 ,9 5 0
1 3 3 ,8 6 6

$

THR CHRONICLE.

AtJQCST 39, 1896,")

IM P O R T S A N D E X P O R T S FOR J U L Y .
The Bureau of Statistics has issued a detailed statement of
the foreign commerce of the country for the month of Julyj
1896 and 1895, and for the seven months ending July 3L in
1896 and 1895, as follows :
M EBCRA Sm SE.

1 8 9 6 .—E x p o r t s —D o m e s t i c ..................... # 6 - ' .6 8 7 .2 9 5
F o r e i g n .....................
2 ,0 2 7 , 1 4 0

7 m a s. e n d . J u l y 31
$ 5 0 0 ,5 2 ,8 8 1
1 1 ,7 9 3 ,3 5 1

T o t a l ..................................................* 6 7 , 7 1 1 , 7 3 5
t n ip o r ta — F r e e o f r t n t y .................$ 2 2 ,5 7 1 ,7 3 0
D lit U H t e .....................
2 t , 3 5 5 ,7 8 6

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

J u ly .

T o t a l .............. .......... .......................$ 5 1 ,9 2 7 ,5 6 6

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

E x c e s s o f e x p o r t s .................... ......... . . . . . . $ 1 5 ,7 * 7 ,1 6 9
1 4 9 5 . — E x p o r t s —D o m e s t i c .....................$ > 5 ,4 5 8 ,8 7 8
F o r e i g n . .........................
1 ,3 3 4 .7 1 1

$ 9 0 ,7 4 3 flio l
$ 4 3 4 ,5 3 9 ,3 9 2
8 ,3 0 7 ,3 9 2

$ 3 0 ,5 1 1 ,5 3 9
T o t a l ................
I m p o r t * — F r e e o f d u t y .............$ 3 2 ,3 1 5 ,7 0 9

$ 1 1 3 ,4 1 0 ,7 8 1
$ 2 1 8 ,8 1 8 ,8 3 7

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

40,209,877

245,606,999

$ 7 3 ,0 2 5 ,0 1 0

$ 4 6 4 ,6 2 5 ,3 7 6

E x c e s s o f I m p o r t s .................« ......................$ 1 6 ,4 8 1 ,0 5 7

$ 2 1 ,2 1 0 ,0 9 2

H O L D C O tV . 1 5 0 B U t U O N .
1 3 9 6 . - E x p o r t s .........................................
. $ 1 0 ,8 0 8 ,7 1 8
I m p o r t * ...................
............. . . .
1 ,3 3 5 ,9 2 3

$ 5 3 ,5 3 1 ,2 8 7
2 6 ,6 7 2 ,6 2 5

E x c e s s o f e x p o r t s ...........

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

$ 9 ,0 9 7 ,7 8 $

13 3 5 .—E l p o rt.- ...............

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

$ 3 ,3 6 7 ,5 1 $

I m p o r t s ................

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

5 7 1 ,1 5 1

# 2 6 ,8 6 1 ,6 1 2
$ 3 9 ,0 9 1 ,9 6 6
2 6 . 5 5 6 ,3 9 7

E x c e s s o f e x p o r t .. . . . . .

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

*3~2aW.(W7

$ 1 2 ,5 4 2 ,5 6 3

1 8 9 6 .-

o o u > r * ORE.
.....................
$ 1 3 ,2 9 3

-Ex p o rts ...

1 1 1 ,411

I m p o r t s ...

# 7 9 ,2 5 $
9 3 9 ,3 3 0

E x c e s s o f I m p o r t* ............
1 8 9 5 - E x p o r t * ............. . .

$ 1 3 $ ,1 1 3

I m p o r t s .................

$171*,6 8 3

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

- $17t.«8J

# 6 8 5 ,1 4 8

E x c e s s o f tto p o r t * . . . ___
s il v e r

1 8 9 8 .— E x p o r t * . . . .
I tttp o r ts ........

© o i* * s n b c l u o x .

................................... # 1 , 7 3 0 ,8 5 1

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

83 >.155

*4,891,399

E x c e s s o f e x p o r t * ..
1 8 9 5 .— E x p o r t * . . . .
I m p o r t * .........

#1,81 t. >91

E x c e s s o f e x p o r t s . . . . .................................

* 4 ,0 1 1 ,7 2 8

772363

# 3 5 ,8 5 7 ,7 8 1

6,7-3.537

$ 2 1 ,8 7 4 ,2 4 7
$ 2 6 ,7 1 1 ,5 1 8
5 , 0 > 1,79 t

# 2 3 ,6 2 1,724

» U ,V K tt I S O R E .

1 3 9 6 , —E x p o r t * ..............................................

Import* ........ .........................

E x e c s * o f i m p o r t * ................
1 8 9 5 ,—E x p o r t s .....................
I m p o r t * ........ ............
E x ce s s o f I m p o r t s ..,,. . . . .

$1
4 3 .i
,0 4 2
I,',9 3 9

# 3 7 0 ,5 7 5
1 0 ,6 1 9 ,6 3 0

$ 1 ,7 3 8 ,2 9 7
#955*095

# 1 0 ,2 4 9 ,0 5 5
$ 3 6 .'4 2
7 .0 3 2 ,6 * 1

i 5 i |j o $ 3

$ 8 ,0 ) 6 ,7 4 6

1,,7 6

B X o ttC ta r u s ^ o n x r tic r c ta li^ n g U s & ilc u jB

(From oar own correspondent. 1
Losd o s , S atcrday . August IS, 1896.
Toe American market continues to exercise a predominant
influence upon the Stock Exchange here. Every improve­
ment causes a better feeling. Every decline depresses other
markets. People in Europe a r e , of course, unable to judge
of the relative strength of the two parties, but undoubtedly
much surprise has been occasioned here by the sharp fall that
has taken p!ac-\ The general impression was that the advo­
cates of sound money were entirely superior to the Sii rentes,
and very little real apprehension was felt until the fall began
in the United States, Even now most members of the Stock
Exchange cannot bring themselves to believe that there is any
real danger of the election of Mr. Bryan. For all that, the
course of events is being watched with the keenest interest
and it is hardly likely that there will be much bittiness here
until the prospect in the United States clears.
Just now opinion is more h jpaful, and the good feeling is
increased by a hope that this country and R u«ia are coming
to an understanding respecting Crete and Armenia, Ail
that is known for certain is that while the Germ in, Austrian
and French press have b-en severely criticising Lord Salis­
bury’s refusal to coerce the Cretans unless the Sultan was
coerced at the same time, the Russian press has suddenly
come forward to defend Lord Salisbury’s policy. Then,
again, the announcement that the Czir ia to visit. Austria,
O.-runny, England and France has impressed opinion here
very strongly that there will be no serious political eventt
this year, t: must be added that the Impresetoo ia Paris is
by no means equally favorable. The holdings of Turkish
bond* are mu h 1irger in Franc • than in E igland, and thero
fore the anxiety is keener. Further, the French holdings of

343

Spanish securities are enormous and the condition of Spain is
growing desperate.
There is little change to be noted in the money market.
There are more American bills offering during the past week
or two than for some time previously; other paper is very
scarce. Although trade is active, the trade demand is small.
There is practically no speculation and gold is coming from
abroad in large amounts.
The silver market is very quiet. It is the slack season in
the Far East, and consequently the Eastern demaud is very
small; still the India Council is selling its drafts vary well.
At the fortnightly settlement, which closed on Thursday
evening, it was made clear that the bull account has been
greatly reduced during the past fortnight. The general pub­
i c for a long time pi*t has not been dediog i i the American
market, but a c mpie of tn>a-m ag » s>m) very large oper­
ator* (most of them South African miliio Hires) height on a
considerable scale. At first th -v merely carried o v , r, but it
is understood they have now paid for an i taken up the stock,
and as they are very wealthy they can wait as long as may
be necessary. In the South African market silling h*s prac­
tically stopped, and though there ii very little buying there
are indications both here and on the Continent that any
encouragement would lead to active business. The fort­
nightly settlement shows that the account open has been
immensely reduced ; it is smaller now perhaps than at any
time since the boom began And it is uiderstood that the
small investing public have been buying during the recent
fall and have been paying far and taking up shares. In th e
8 >uth American department there is very little doing. And
there is practically nothing in the inter-bourse department.
Lt Hung Chang's visit to this country has excited far less
interret than was aroused in Germany and France. Firms
and institutions connected with the Fur Erst have of course
shown him mu;h attention, but the general public is not verykeen to enter into new Chinese transaction*.
The statement of Mr. Balfour in the House of Commons
that the latest prop ask of Mr. Olney are still under consid­
eration of the Government and are regard+.tW them as open­
ing the way to an equitable settlement, with his further re­
mark that the Government had every expectation of im­
pending negotiations leading to an early and satisfactory re­
sult, ha* given general pleasure. Everyone expected thas
negotiations would result in an amicable settlement, but so
long an a basis for negotiation baa not been found there was
the possibility of unpleasant development. The chief point
in the Queen’s speech on the prorogation of Parliament was
the statement that the Government has endeavored to bring
about a reconciliation in Crete by proposing the establishment
of a system of governnum which will be equitable and ac­
ceptable to both Christians and the Mussulmans, inhabitants
of the island. This is interpreted as meaning autonomy and it
is hoped that the negotiations will result in a speedy settlementThe imports since January 1st have been as follows :
IKI-ORT*.
J a n u a r y ...........
F a b ru a ry ------

Mann..!......

A p r i l ..................
M a y ..............
J u n e ...................
J u l y ....................

1898.
A
3 8 .4 7 3 ,8 5 6
3 5 ,4 7 6 ,7 3 0
3 8 , 1 4 1 .7 5 0
3 3 , 8 0 3 ,8 0 0
3 3 ,1 4 '),9 8 4
3 5 ,2 2 9 ,2 5 5
3 4 . 3 3 2 ,9 5 0

1395.

D iffe r e n c e .
P e r O t.

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

34,752,0*0

1 3 ,9 8 1 ,9 8 4
3 5 ,0 3 7 ,5 1 1

+ 1 ,7 3 0 ,3 7 5
+ 7 . 1 4 2 ,2 47
+ 2 ,8 8 4 ,3 6 0
+ 1 ,4 6 7 ,1 4 2
— 1 ,4 1 2.008
+ 1 ,3 1 4 ,6 7 1
-7 1 4 ,6 8 4

months... 2 5 0 ,3 3 1 .8 8 5
2 3 8 ,7 8 5 .4 6 4
+ 1 2 ,0 4 9 .4 2 1
The exports since January 1st have been a s follows

7

Expoam
Janmrjr.
F e b r u a r y ........
March..........

A p r i l .............
M * r .........- ......
J u n e .......... .........
J u l y ....................

1898.
A
2 l,l2 ? ,1 6 8
1 9 ,0 8 3 ,4 5 6
2 0 ,1 2 2 ,4 1 9
1 8 .1 2 0 ,6 9 0
1 8 ,9 1 2 ,9 2 7
2 0 ,4 3 0 ,0 5 3
2 1 ,3 3 4 ,7 8 5

1895.

D iffe r e n c e .

£
1 8 , 2 2 4 ,3 3 0
1 5 ,9 7 3 ,0 9 5
1 8 ,5 2 3 ,0 3 0
1 7 ,2 5 2 ,3 1 1
1 9 ,3 4 4 ,7 4 4
1 7 ,8 0 0 ,1 0 0
2 0 ,5 5 0 ,4 8 0

+ 4 -7 8

+26-00
+6-03
+ 4-37
-1-03
+ 3-93
-2 0 3
+ 5 04
P e r Ot.

+ 2 ,9 0 2 ,9 3 2
+ 3 ,7 1 O ,3 0 t
+ 1 ,8 9 9 ,3 8 9 + 1 ,1 7 4 ,3 3 9
+ 4 6 9 ,1 3 3
+ 2 ,7 2 0 .9 5 3
+ 7 /5 ,2 9 9

+ 1 5 -9 2
+ 2 3 -2 2
+ 1 0 -2 5
+0*80
+ 2 -S 5
+ 1 5 -3 3
+ 3 -7 7

month*,.. 1 4 0 ,3 3 7 ,5 0 7
+ 10 7 8
1 2 6 ,0 7 7 ,0 0 2
+ 4 3 ,6 6 0 ,5 0 5
The re-exports of foreign and colonial produce since January
1st show the following contrast:
7

1896.

£

1895.

£

D iffe r e n c e .
ft

BS-M S+ORTS,
J a n u a r y ..........

4 , 6 2 5 ,7 0 7

5,838,232
4,823. MS

4,407,824
4,8(8,599

+1,230,408
—223,273

A p r i l ...................
M a j - ..................

5 , U 1 ,5 9 0
4 ,7 7 0 ,9 5 8

0 ,6 0 8 ,1 1 5
5 ,2 1 5 ,7 8 8

-1 ,1 9 0 ,5 2 8
- 4 1 4 .8 2 7

J u l y .......... .........

4 ,2 7 4 ,6 8 6

4 , 7 8 9 ,9 3 1

-5 1 5 ,2 0 0

sbruarj......
* K t...........

June..............
7

4,668,976

m o n t h * . . 3 4 ,2 1 1 .4 7 5

3 ,8 8 7 ,2 5 8

5,285,773

3 5 , 0 2 1 ,3 0 5

+ 9 3 8 ,1 1 9

P er

at.

+ 2 4 -1 4
+ 2 7 -9 1

-590,797
-S 0 7 .8 3 0

-2 30

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

THE CHRONICLE.

314

1893.
A uq. 10.
£
20,830,680
3,:72.0«g
80,474.827
>3,104, »53
21.251,890

1894.
18W6.
A uo. 15
Aug. 14.
£
£
86.430,975 83,000,350
5,189,243
5,681,657
44,141,537 88,285,320
14,795.425 12 167,331
23.914.002 19.462,679
29.3^9.277 29.H43.977
39.030.252 88.801.327
67*
68*

i m . is .

£
27,476,410
6,216,330

(VOL. L X III.
1

Sat. j M on.

Lo n d o n .

S ilv e r, p e r o u n c e ........ d.
C o n so ls., n e w , 2% p .c ts .
F o r a c c o u n t ..................
Public deposit*...........................
F r 'o h r e n te s (in P a r ia jf r .
A
te
li. T op. & S a n ta F e .
Government securities.............. 14,963.995
C a n a d ia n P a c if ic ............
Other securities — ................... 23,6‘UJ,618
C h e s a p e a k e <fc O h io .......
Reserve of notes and c fin .. .. 30.462.193
Ohio. M ilw . & S t. P a u l.
25,250,013 D ettv . & R io ( if ., p r e f ..
Coin A bullion, both depart opts 47,138,600
E rie , c o m m o n ..................
4Sk
58*
Prop, reserve to liabilities., p. c.
1 s t p r e f e r r e d ...............
2
2
2
Bank r a te .....................per cent
Illin o is C e n t r a l.............
98 1-16
102 1-16
107 7-10
Consols, 2H per c e n t ................ 112 13-16
L
a
k e S h o r e .......................
83*d
29*d.*
80* d.
SU R
L o u isv ille & N a s h v ille .
130,637,00°
118.079.000
167,413,000
124,388,000
M e x ic a n C e n tra l, 4 s . . .
Clearing-House returns.............
Mo. K a n . & T e x ., c o m ..
• August 10.
N . Y. C e n t’l & H u d so n .
The rate? for money have been as follows :
N. Y . O n ta rio & W e st’ll
N o rfo lk <fe W e s t’ll, p re f.
Interest allowed
N
o r th e r n P a c ific , p re f.
O pen M a rk e t R a te s .
for deposits hy
P e n n s y lv a n i a ..................
P
h
ila . & R e a d ., p e r s h ..
a
'tr a d e B ills .
Disc’t U’si S o u th ’n R a ilw a y , c o m ..
B a n k Bills.
London
Joint
P r e f e r r e d ........................
c Three
Stock A t 7 to Id U n io n P a c ific ...................
F our
Six
Three
S ix
F our
W ab a sh , p r e f e r r e d ........
M onths M onths Months Months Months Months Banks. Call. Days
July
•'
••
Ann.
M

17 2
24 2
31 2
72
14 2

1
H
m>t

11-10-fc
11-16

H

H

%
H
11-l‘H*
11-16-*
H
13-16 13-16

H

13-16
*-1 5 10

lkSOk l k » l k
1
lk
lk
1
%
1@1*
lk

H

1

k

H
X
H
X
X

H
k
k

*

k

*
*

k

k

The Bank rate of disoount and open m arket rates a t the
chief Continental cities have been as follows:

Berlin.......... .
Hamburg.......
Frankfort........
Amsterdam....
Brussels.........
Vienna...........
8t. Petersburg.
Madrid...........
Copenhagen...

BavJt
Rate.

305s
1133|6
113*
0 2 -6 7 *
10%
5 8 78
13
66*
39*
12*
37 k
89
144*
39*
66*
10
91
12%
12%
16*
51%
3%
7k
19*
5*
13

Tiles.

Wed.

30%

30U ,
1 1 3 i,a
113%
113*
102-70 0 2 -6 7 *
10%
10*
58 k
58%
12*
12%
65%
65*
39 k
39 k
12*
12
27
27
88%
89
142*
143
39%
39
10
93%
12*
12%
16*
51%
334
7k
19*
5
13

9%
94
12*
12%
16
51*
3k
7
18 34
5
12%

Thurs.

F ri.

3 0 H ,. 30%
1 1 2 13 j t. M1 2 i i 18
11 2 :3 , ,11213,3
1 0 -55 102*70
11*
11
57%
58%
12*
12*
60%
66
39*
39%
12%
12k
27
27k
89
89*
143
143
39*
40*
67
67*
10
10
9434
93%
12*
12%
12%
12%
16
16*
51%
51%
334
3%
7k
7k
18k
19k
5*
5
12%
12%

(Commercial anti p tis re llattrcu ts H ew s
N a t i o n a l B a n k s . — phe following in fo rm a tio i reg ard in g
national banks is from the Treasury D epartm ent:
IN LIQUIDATION.

3 0 2 .—T h e F i r s t N a tio n a l B a n k of A n d e s, N ew Y o rk , lia s g o n e in to
v o lu n ta r y liq u id a tio n b y re s o lu tio n od its s to c k h o ld e r s d a te d
J u ly 2 8 ,1 8 9 6 .
INSOLVENT.

Open Bank
Market Rate.

Bank
Open
Market Rate.

2
3
3
3
3
3
4
6k
5
3*

July 24

July 31.

Aug. 7.

A uj. 14.
Rates of
■ lin t crest at

9011,6
113'.,6
113*8
02-57io
1058
59
13
05=8
39*
12*4
27*
89
145 k
39*
66%
10
94
12*
12*
16*
5 1 78
3%
7%
19*
5k
13

1*
2*
2k
2k
2*
tk
3k
6
5
3*

2

m

3
3
3
3
3
4
6*
5 l
?k

2k
2*
2k
2H
2
w

Bank
Open
Market Rate.

2

tk

3
3
3
3
3

2k
2k
2k
2k
2
3k
0
5
8*

4

Open
Market

2

m

3
3
3
3
8
4
ek
5
3k

2k
2*
2*
2*
2
Sk
0
5
3k

4 ,0 0 9 .—T h e F ir s t N a tio n a l B a n k o f M inot, N. D a k ., is in s o lv e n t, a n d
w a s o n A ug. 1 2 , 1 8 9 6 , p la c e d i n th e h a n d s of J o s e p h R o a c h ,
R ec e iv e r.
2 ,4 0 5 . -T h e Y a te s C o u n ty N a tio n a l B a n k o f P e n n Y a n , N ew Y o rk , is
in s o lv e n t, a n d w as, o n A u g u st 17, 1 8 9 6 , p la c e d in th e h a n d s
o f J o s ia h V a n V ra n k e n , R e c e iv e r.
CORPORATE EXISTENCE EXTENDED.

2 ,3 4 2 .—T h e C e u tra l N a tio n a l B a n k o f N o rw a lk , C o n n ., u n til A u g u s t
2 1 ,1 9 1 6 .

I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The following are
th e im ports a t New York for th e week ending for dry goods
Aug. 20 and for the week ending for general m erchandise
21; also totals since the beginning of th e first week in
Messrs. Pixley & Abell write as follows under date of Aug.
January.
A ugust 13:
FOREIGN IMPORTS AT NEW YORK.
0
5
3*

6k
5
3k

G old.—T h e c o n tin e n ta l d e m a n d c o n tin u e s , a n d in a d d itio n to th e
■ applies in th e o p e n m a rk e t 8 1 0 0 ,0 0 0 i n b a r g o ld w a s ta k e n fro m th e
B a n k a t th e e n d o f la s t w eek .856,000 In co in h a s b e e n b o u g h t sin ce
o u r la s t b y th e B an k o f E n g la n d . A r r i c a is : C a p e to w n , 8 1 2 6 ,0 0 0 ;
A u s tra lia , 8 5 7 ,0 0 0 ; C hill, 8 1 4 ,0 0 0 ; B o m b a y , 8 3 8 ,0 0 0 . T o tal, 8 2 (5,0 0 0 .
S h ip m e n ts to B o m b ay , 8 1 7 ,5 0 0 .
8 ilv er. —O w io g to th e d is tu rb e d c o n d itio n o f th e New Y o rk m o n e y
m a rk e t A tn e ric a h a s b een a fre e s e lle r a t d a ily d e c r e a s in g ra te s . T h e
sto o k of s ilv e r a t p re s e n t h e ld In L o n d o n fo r a c c o u n t of th e R u ssia n
G o v e rn m e n t a m o u n ts to a b o u t 8 3 ,0 00,000.
A rriv a ls : N ew York,
8 2 0 9 ,0 0 0 ; C hili, 8 1 0 ,0 JO. T o ta l, 8 2 4 9 ,OOOi S h ip m e n ts to B o m b ay ,
8 8 7 ,2 0 0 .
M ex ican D o lla rs .—A few d e a lin g s h a v e ta k e n p la c e a t I d . tin d e r th e
b a r s ilv e r p ric e . A b o u t £ 15,000 h a v e a r r iv e d fro m N ew Y o rk .

The quotations for bullion are reported as follows:
Gold.
L o n d o n S tandard.

A ug.

S il v e r .

A u g.

A u g.

6.

L o n d o n S tand ard.

13.

6.

Ai i
s.

d.

B a r gold, fin e ---- oz. 7 7 10
B a r gold, p a rtin g .o /J.7 7 1 0 *
S p a n ish , o ld ..........oz.i76 1
N e w ......................o z .|7 6 2
U . S. gold c o in ...o z . 76 4 *
G e m rn g o ld c o in .o z . |7 6 3%
F r e n c h gold coiu.oz. ;76 3%

8.

d.
d.
934 B a r s ilv e r, f in e .. .oz. 3 1 k

77
7 7 1 0 * B a r s ilv e r, c o n ta in ­
76 1
in g 5 g rs . g o ld ..o z . 3 1 k
76 2
C a k e s ilv e r ...........oz. 33»10
7 6 4 * M e x ic a n d o lla rs .oz. 3 0 5 , ,1
7 6 334
7 6 3%

F o r w eek.

T o t a l ..........
S ince J a n . 1.
D ry g o o d s ........
G e n ’l m e r ’d ise

18 9 4 .

18 9 5 .

$ 2 ,1 8 5 ,7 0 5
4,136,257)

$ 3 ,2 2 6 ,8 1 4
7 ,1 1 7 ,1 6 7

1893.

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

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

$ 6 ,3 2 1 ,9 6 2

$ 1 0 ,3 4 3 ,9 8 1

$ 7 ,2 6 4 ,6 4 1

$ 8 ,5 4 1 ,6 3 5

$ 7 5 ,4 7 3 ,1 0 7
2 2 0 ,1 3 1 ,5 0 3

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

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

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

T o ta l 33 w e e k s $ 2 9 5 ,6 0 4 ,6 1 0 $ 3 3 1 ,8 6 7 ,1 0 1 $ 2 7 6 ,6 6 7 ,6 2 4 $ 3 9 2 ,6 5 8 ,6 2 3

The im ports of dry goods for one week la ter will be found
in our report of th e dry goods trade.
The following is a statem ent of the exports (exclusive of
specie) from th e port of New York to foreign ports for th e
week ending Aug. 24 and from Ja n u a ry 1 to date:

d.

EXPORTS FROM NEW YORK FOR THE WEEK.

315,8
311116
33%
3 0 5 ,6

18 9 6 .

D ry g o o d s ........
G e n ’l m e r ’d is e

1896.
F o r th e w e e k ..
P r e v . r e p o r te d

1895,
$ 6 ,7 3 8 ,6 2 3
2 0 6 ,8 7 6 ,1 9 6

$ 6 ,2 9 6 ,2 9 9
2 3 4 ,8 6 0 ,2 9 8

18 9 4 .

1893.

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

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

T o ta l 3 3 w e e k s $241,156,5971 $ 2 1 3 ,6 1 4 ,8 1 9 $ 2 3 5 ,2 4 2 ,8 9 1 $ 2 3 4 ,4 8 5 ,3 7 9

The following shows the im ports of cereal products into
The following table shows th e exports and im ports of specie
th e U nited Kingdom during the forty-nine weeks of the
a t th e port of New Y ork for th e week ending Aug. 22 an d
season compared w ith previous seasons :
since Ja n u ary 1, 1896, and for th e corresponding periods in
IM PORTS.
1895 and 1894:
1895-96.
iin p o rts o f w h e a t,o w t.6 5 ,0 2 3 ,2 1 0
B a r le y .............................. 2 1 ,2 1 9 ,6 4 2
O a ta ....................................1 3 ,3 9 1 ,8 8 0
P e a s ................................... 2 ,4 2 5 ,6 0 0
B e a n s ................................ 2 ,9 9 7 ,8 3 2
I n d i a n o o m ......................10 ,8 5 2 ,0 9 0
F l o u r .................................1 8 ,7 4 1 ,4 7 0

189 1 -9 5 .
7 3 ,2 0 7 ,8 5 6
2 4 ,2 0 6 ,1 1 4
1 4 ,6 0 0 ,5 1 7
2 ,2 0 5 ,4 6 9
4 ,0 7 4 ,1 6 2
2 4 ,7 7 3 ,2 2 4
1 8 ,2 5 2 ,8 3 0

18 9 3 -9 4 .
6 3 ,1 2 2 ,0 6 0
3 0 ,0 1 4 ,2 7 2
1 3 ,2 5 1 ,7 4 6
2 ,2 1 3 ,5 2 7
5 ,0 6 6 ,3 3 8
3 5 ,7 5 6 ,0 4 3
1 8 ,2 7 6 ,2 4 9

1892-93.
6 2 ,7 6 6 ,4 4 7
16,7 2 9 7 6 6
1 3 ,6 1 6 ,2 5 5
2 ,1 3 0 ,7 3 8
3 ,7 7 0 ,7 4 1
3 1 ,1 1 3 ,1 5 4
19,6021182

Supplies available for consum ption (exclusive of stocks on
Septem ber 1):
1895-96.
1 8 9 4 -9 5
1893-94.
1892-93.
W h e a t im p o rte d , o w t.6 5 ,0 2 3 ,2 1 0 7 3 ,2 0 7 ,8 5 6 6 3 ,1 2 2 ,0 6 0 62 766 447
Im p o r ts of flo u r.........1 8 ,7 1 1 ,4 7 0 1 8 ,2 5 2 ,8 3 0 1 8 ,2 7 6 ,2 4 9 1 9 ,6 0 ’’l« 2
B ales of h o m e -g ro w n ..1 4 ,4 2 9 ,4 0 7 2 0 ,2 1 9 ,0 9 5 1 9 ,9 4 5 ,8 2 3 25 ,2 7 9 ,0 7 5
T o t a l.........................9 8 ,1 9 4 ,0 8 7 1 1 1 ,6 7 9 ,7 8 1 1 0 1 ,3 4 4 .1 3 2 1 0 7 ,6 4 7 ,7 0 4
1895-96.
1 8 9 4 -9 5 .
1 8 9 3 -9 4 .
18 9 2 -9 2
A v e r.p r ic e w h e a t,w e e k .2 3 s. 6d.
24s. 2d.
24s. Id .
2 6 s 2d
A v e ra g e p ric e , s e a s o n ..2 5 s . Od. 2 1 s. 2 d .
2 5 s. 6d.
2 6 s. 9d.

The following shows the quantities of w heat, flour and
maize afloat to th e U nited Kingdom :
This w eek.

W h e a t................... q rs . 1 ,3 5 0 ,0 0 0
F lo u r , e q u a l to q r s . 2 4 5 ,0 0 0
M aiz e ........................ .
8 7 0 ,0 0 0
I K n g lla li

L a st w eek.

1 ,4 2 8 ,0 0 0
2 2 7 ,0 0 0
9 1 0 ,0 0 0

1895.
2 ,7 6 7 ,0 0 0
1 5 0 ,0 0 0
7 4 7 ,0 0 0

1894.
2 ,5 1 9 ,0 0 0
2 6 4 .0 0 0
3 2 2 .0 0 0

F i n a n c i a l m a r k e t s —P e r C a b le .

The daily closing quotations for securities, &c., a t Londc
reported by cable as follows for the week ending Aug. 3

we

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
E xp orts.

Im p o r ts.

Gold.
W eek.

S ince J a n . 1.

W eek.

Since J a n . 1

S o u th A m e ric a ........
A ll o th e r c o u n trie s .

$ ......... $ 1 2 ,0 8 9 ,2 6 0
8 ,3 5 7 ,5 4 1
2 7 ,0 0 2 ,0 6 6
6 ,3 0 0
6 1 6 ,6 9 6
62
........ 2 ,8 42 08 ,0,3 01 07

$ ......... $ 1 1 ,1 3 7 ,3 3 3
2 ,1 6 4 ,9 4 8
2 0 7 ,2 9 0
4 ,5 9 2 ,5 4 9
8,551
2 1 4 ,6 7 8
2 3 ,3 6 4
6 8 1 ,0 0 2
1,9 2 6
6 1 ,7 0 7

T o ta l 1 8 9 6 ..........
T o ta l 1 8 9 5 .........
T o ta l 1 8 9 4 ..........

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

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

G r e a t B r i t a i n ..........
G e r m a n y ....................
W e s t I n d i e s . . . ........

E x p o rts.

Im p o rts.

Silver.
W eek.

G r e a t B r i t a i n ..........

S ince J a n . 1.

G e rm a n y ....................
W est I n d ie s ...............

$1,3(15,340 $ 3 0 ,0 6 5 ,9 7 7
3 ,0 2 9 ,6 2 6
8 4 ,8 4 6
1 ,4 8 6
3 7 7 ,8 3 8

S o u th A m e r ic a ........
A ll o th e r c o u n trie s .

1 0 3 ,2 7 8
1,771

T o ta l 1 8 9 6 .........
T o ta l 1 8 9 5 .........
T o ta l 1 8 9 4 .........

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

W eek.

S in ce J a n . 1

150
6 ,5 4 0
1 8 ,4 9 9
5 1 ,6 0 4

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

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

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

$ ..............

THE CHRONICLE,

AOOCST *29, Itflib,]

B re a 4 * ttifit-f F ig u r e *

B ro u g h t

F ro m

345

—Messrs, John L. Williams & Sons, of Richmond, Ya.,
have issued a very full circular, giving many interesting facts
regarding the Georgia &, Alabama Railway, covering the his­
tory of the road, a statement as to its bonded indebtedness,
local resources, through business, physical condition, manage­
ment, etc., and showing by months the large increase in earn­
ings since the line to Savannah was opened. They say :
' The gross earnings for July amounted to $71,069 ; net
earnings to $18,941. For August the earnings will approxi­
a Ryo.
mate $80,000 gross and 25,000 net. The interest charge on pref­
B m h.jn n ,
erence oonds outstanding being only about $8,000 per month,
28,61*
€7,035 the company is now, in the dull season of the year, earning
89,073 four times over the interest on its preference bonds.”
Messrs. Williams & Sons are offering the 5 per cent prefer­
........
11,300 ence bonds at 97;^ and interest.
■—Messrs. B. L, Smyth & Co.,35 Wall Street, offer investors
......
10,675 Chicago & Alton eight per cent common stock, to net 5 3-18
per
cent. Their advertisement w ill be found on page vii.
10,200

P a g e 3 7 0 —T h e

statements below are prepared by us from the figures of the
New York Produce Exchange. |W e first give m e receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week andingAug. 3 2 , 1896,
and since August 1. for each of the last three years:
Oats.
Com.
Barley.
Flour.
m u .i o e ta tin ,* '-.to n Hiuh.is.il>- M iuAKiSi Bm h. 4$mt
1,013,78!
8 3MB
73
w m jm
<Jidcago. ...
B K H p ti'tt-

m
1.667
€.150
1,077
W 10
« .* »

......

\m n ,. . . . . .

24.802
88.63S

141,247
119,400
34,200
71,€02
25,120
251,70*3
S7S.0S0
08,100

20.200
912
907,005
172,450
04.500
3,3*51.045

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

s.m o

8.118,913
A!»:.6d7
3.333,579

1*5,943
i 2 i.se577,700

204.790
81,780
51,740

9,5^,156
825.756 11,772.996 i3 .m ,*7 7
9.2 U,€90
m 9,»io ■
x.i -u m :
u m r j m sgarri.r® 5,517,180 11 .212.101

507,055
235,0A

€57,178
20 *.316

Tot.wk.1M
-Samewk.’iM
Same w fS U

S im s A m - t.
v m . ....

€0.300
15,870
20,850
33,0Otl

427.050
M 68.00*
700,700
2 4X.205
05.021
55,023
8»e,790
51,000
238,000

42,250
151,110

Milwaukee.
D u lu th .. . . .
Minneap 11 *
T o le d o ......
Detroit.......
Cle
and ••
St
u ...

227,407

4,4ST,«B
3,020,001

2 , 0©i. m

h .im .m

1,220,495

The receipts of flour and grain at the seaboard ports for the
week ended Aug. 23, 1896, follow:
Wkrrt*
P our,
bush.
K«« pti a t m u.
m \r * 5
New York..............
tWAH
Boston ......................
a s«;

Corn.

O ris.

hush,

B irie y .

hush.

'•

h u sh .

n .m )
1,275

4QOJ900

s
W

®

s

3

#5.345
1,390

K !

76,5-8

l5

28

31

B* way i 7 t H / v e — sto ck .

18,1

IPS
lo t
108
111
103

T otal w .» fc...,.,

WmK m&.

. Ohio.
W b m t...

IW .

OonsoL 5 s , m 3 . . . J A D

HI

158

S f c S S S x t

n1 o

B k A .Q 'n sC o .A S n b .H t

10d

B k ly a .0 , A lt’ wfwTi—s tk

um .

.hash. M J S U «S

21.517,21*
25,450310
1,518.1/0
25-5-075

&%ri®r. ..
.. .

“
*
**

5* J0*>77
*3 m m
5.017.O25

35.238,710

lo is r jm

214,007

70,1*9,883

tm m ix ttA n .* -

O h r U C p 'r A lO t t S t - S t k .

12,721,59:1

„

.-

Cora . .. ..

0«M ...

i«n^i
5.2SU09

*>.«€ 1 127
2,7tl,*’€ l
8*3217

1K.1S1.BI0

U t 5», 1 9 4 3 ,
W ea to b o i^ r,

im

1st m a r t,1 8 9 8 . . .A A O

m .m .h 7 9
H htW jtfA

*100

Klghili A vsnn J -S t,o ck .” . 325

42d S t Man. A St. N'. A t .
1st m ort. 8 a 1910.M AS
2d m ort. incom e 6s. J A J
U i .A m t P a v . K e r r y 5s.
Metropolitan T r s e tio n ...
1121* Ninth A ven u e—S to c k ...
180
Second A venue—S tock
'112
1st mnrt.,5s,H*08.MAN*
Dshoncure 5 a 1909^1 AJ
ioi" Sixth A v e n o o —S took.
Third A venae—S t o c k ...
iio ” 1st m ort,, 5s. 1937.JA J
T w enty-Third S t.—St’ k .
Deb. 5s. 1903............
1 69 " Onion
to c k .......
’ tilou Rjr—
Ilj—SStc

3a5..1nt,»sr#ttt'1.190S }i0 1

S klyo. C ross t*n5s. 1908;

5S

100
1st, gold, 5s, 1933.J AD 109

19t m ort., 7 s, IflOO.JAJ ilO d 108
Scrip. 68, i9 1 4 ................
B rooklyn JKtrola T ra n s it.
191, 20>5 12,1 A Or. S t F e r .-s t o o k

121.551 5s, 1939..
10.01
1107
m .- m
2.4's
13.118
..........
.’ •sr-.ersi
C<rosstow
o • f l o vn—S
j - . s tk
u . 190
acral C
t»t
* t M . , 8 « , i m . . . M A N JUS
in© weal receipts at ports named in last table from Jan. I ’J00E.Pk..N*.AK.Blv.—Stk.; 155
COTiSOi.
/«. 190
I8U 22...J
AIJ
Jonsol. 7«,
...J A
B , 108
to Aug, 22 compare a** follows for four years: *
Ouiumha* A 9th A ve. 5s.
1.749.170
i . i m j m i j m .3 9 9

Bid.
D .D .K .B . A B a t 'y -S tk .

Con. 5a, * „ l i W l ..A * 0 *104 V .
ta ro t. 5a,
183 A ..J* J
85

• W

21,525

A sk.

ai*«£. 8t.*Pal.F.-8tk.

R yr,

1*5/9*
5.732

8.292

Bui.
A cl»n. A v e ./B 'k lv n —

hm h.

s s g

S f f i S t e T .’ I‘ 3»:*ai
Battimer.............
...........
New Orleans,.

City Railroad Securities—Brokers’ Quotations.

110
50

A i* ,

164
112

102

111,

320
60

1121s
67

nS °SH

157
;145

111

82

iss"

ioT’

185

150

114^

108

103
105
158 >s
1155*

!88
90

IuT

1101

103

5 98

108
102

I ....

5 And ao cn ied in te r e s t

i Ex-dividend.

Has Securities—Brokers* Quotations,
O A S C O M P A N IE S .

Bid.

S A 8 COM PAM IK S .

ASk.

Bid.

A ik,

The exports from the several seaboard ports for the week
B'kljrn Union Oh -S took . 78
170 175
ending Aug, 2*3,1893, are shown in the annexed statement:
101
102
B o n d s................
104
Central..............
185
Falt«u M ualelpal 0 a ..,-. 105
Flour,
K*«,
Whoa l,
C am ,
E d a l U b l e ........................ 180
(Jersey C ity )...........
hfi4A
hush.
hm h.
. Consumers'
B m oru
B onds........................................... l l f
105 Si
%% 128.885 138.255 httl*
flo w t o r n , ..... .
134,00J 510,412
2,707
Jersey C ity A H ob ok en .. 180
50
..........
103.014 47.011 100,173
Bm um
. . . . . . . . . . . 211.017
M e trop olita n -B on d *.. . . . 10 s
B e n d s,!5s.................
Bonds,
If
G a lre sito a.,. . . . . . . . .
Mutant (A*. V ..................... .908 i n•0 Standard p rof.
137,145 VlU h
102
ro f.........
M lM l
t'ati»a«lp.i».lak
*10,4#/
tabgooa
St. V. A E a s t R iv . 1st 5s.. I»5
B8>» Ooramen................. .
74
SaIUusqi'©.,. ..*••*«»»
8 "
31,575
■3*7 W
50 67
Hew Ofleaa*..
Preferred ...............
56
(j| W estern p a s ‘
3#39t9
Norfolk ...
80
C o m m o n .. .................. ... 25
Bond*. 5s..............
iiii
m iM M
Oonsol. s »
.................... 83
86
Newport Hi
70,114
lW ,hU .
31331
M o ttir m l.
No ta —This w eek’s prices are in, s tir nominal.
i A nd a ccru ed interest
Total week..... ...LSI M5U 2.170.833 297-5*1 ” t~m
61.558
1JUB.TO 207*509 9«M8«
10,312
.
The destination of these exports for the week and since
Vnotion Sales.—The salce at auction, usually published on
Septem ber I, 184K5* is as below. We add the to tals for th e
this page, will be found to-day on page 340.
corresponding (jeriods of last year for com parison:
— % — WiuhtL,*Wwk
Sip*. W**k S in t *i#9
& z (Ti* fa r
W t t k M m s 3«pt
Wi*k « . ■m
l 100*. 4.0*,. 23 u - ^
dug. ?2. 1, im i,
Lehigh &* Hudson Hirer W j . — Q u a r t e r l y .—Etrniagg for
hm h,
it i t o b t
6am.
hm h.
hm h
the quarter and the twelve months ending June 30 on the (53
CaiU m h,nm<lotu tsa-H-H
W m M
t j m i j m m jm M Q
i k t / m 113*0.1«5 l . i m j t ? 38»?A9.9tt milt- from Grey Court to Belvidere were:
GonUiw&i
17,788070.1167
ST3*$ 18^6
1 , a c.
SMC*
##kfia*i*e*.. .. I»3*t
8,4#o Ho,tie
3 month$
Orots
tftt
Other
/ it fe re * /, B a la n c e ,
flrfi. N. A, <30i*#,
3MW9 t*\750 424387 end inn
S u m 3 0 — e a r n in g t.
tw r in g s .
income, ta x e s , etc. s u r p l u s .
W M % LilHtl#
Q tk m m a n fM m .
53W 2,601311
T o ta l
t o m is#®

...

297,3*1 12/25,143

I31-V4U

.. *m .^M IS.U0.792

*#,03*371

*.17**333 01.776.478

327v5»9 *3,780.535 i,lS3.7'.H 30,950.100

'The risib le su p p ly o f grain* c o m p risin g th e sto ck s in
g ra n a ry a t th e priiicip ai p o in ts o f aocu m ala t km a t la k e a n d
seaboard ports* A ug, £ £ , 1996* w as m follow s;
p0

J*»#*©*■*44—
O©

t0

N«w 3*ork.. , . . . .

Co

->So«t

no
Oftro' t-.,,,
o©
Ofw«*©

i t . Co til*........

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

76IM»e

.....

H #8
...

.... . ..

17.mm

liw /w

. #.»,.•*, •# 10.W
B m tem ..............
tw m
Tur©***^.......
II6,006
M » O W t t » i. ... f5-*«,O00
MfcKNtfflfela.. . . . . . . . . 580306
P i o m ............... .
tm / w In4t*»«©*> I*.
... 421.0W
fk m m .o Q \iy .. . . . . . . . . . 881,060
Bodum am
1,34*,«*J0
.123*2,000
pn
m h m m m ...
iM iw
On a»n*i«Dd r t r « f...

.

m m

0 S f c i I M * ’” -- 'l*. M 1.003,000
no
... ....
Cftlmtoo..*'
*18.156300
O© *00*1.,,,..
lill.»»alC M .,
2^.000
Oo
«So
........
t h e a t a , ... .... 5,1f & j m

M643##

rot&i A m * * h
T o m A m . to. uwe.*6^6.000
fo tn l AlUUft. 1906 45380.000

P*:

note

*7,006

m&m

eS,0oS

W%mo

5,dSC«0»

iM y m

’*6.W
121*000
' 17,000
’lltixie
276,000
17.000

~ M jm

BW.
fru«4.

5S.VOO
Si7.W.>
SliMJOO

3SA0iM

9

....
S

60,00©
w

58.000
m .m m

^Tt-JS
*§C00i
*«;S5S
14,100.000

3^8,000
5,360300

Jtetrlgff,
hm h.

00.000

mbbo
*iV,oo#
’2V30Q
m .w

1S0H ......................... * 9 1 .7 5 4

§ 1 3 ,0 6 8

1 0 5 ,8 7 *

4 6 ,5 3 9

§ 4 .1 9 7
4.1 8 9

$ 4 3 ,3 6 0
3 5 .6 9 6

§ 4 .4 9 0
1 5 ,0 3 2

1895 -9 0 .................... 4 0 0 ,1 4 9
1 8 9 4 -9 5 .................... 4 2 0 ,6 8 2

1 5 9 ,2 0 4
152,674

4,197
4 ,1 8 9

14.9,628
14 1 ,0 9 3

1 3 ,7 7 4
1 5 ,7 7 0

1 8 9 6 ...........................

12

m r m th t—

1. Ians and bills payable June
$109,800 in 1 8 9 5 . - V , « 2 , p , 949,

1
**y
3 “.O00
'8 LCW
210,000
11*300

"o.cwo
18,009
5.04X)
52,600

40.000

'1133
*^000

Spencer Trask & Co.,
BANKERS,
-

I N V E S T ME NT

S amuel

30.000

*8,W0

51,000

5.000

129,000
6S5.W
175300
6,907,*»O 137*1000
7.379.000 139*V>00
3.710.000
mooo
2»6,>JO0
SS#309

iob'oi,',;

i« 9 S

$398,500, against

~

NKW

YORK

8 5 S ta te S tr e e t, A l b a n y .

’sV.trto
't i.w
o.ooo

1896,

iawfelrifl an a ^imuxcLtl.
17 * 1 9 P I * K M T U K K T ,

21,000

30,

708.000

SE C U R IT IE S .

D. D avis & G o .,
BANKERS,

|N O . 3 0 W A L L S T . , N E W

SAMOEt, D, D a v is ,
O i o i u i , BARkt a r M e rrA T ,

At.n.vANDKu .9. w urrte .1«

M o .F F A T

012.01 >0
,8,000 3t U S B
88J/J«0
,01,000

YORK.

C h a s . B. V an N o s t k a n d ,

& W H I (T E ,

BANKERS
Sra.BKT,

-

-

NEW

INVESTMENT SECURITIES

Y O R K

THE CHRONICLE.

346

glxe Bankers' (iasette.
D I V I D E N D S .
When
Payable.

P er
Cent.

Xante o f Oompani/.

I tn i lr o u d s (S te a m ).
C hic. A N o rth W est p re f (q u a r.).
D e la w a re A H ud. C a n a l (cp iar.).
tlla c e lla n e o u a .
M lc h .-P e u ln s n la r C ar, p re f. . . .

2
1%
1%
•1

B ook s closed .
(B a y 8 inclusive.)

S ep t. 3 0
O ct.
5 S ep t. 16 to S e p t. 24
S e p t 15 A ug. 27 to 8 e p t. 15
Sept

1 A ug. 2 6 to 8 e p t. 1

The following were th e rates of domestio exchange on New
Y ork a t th e under-m entioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying % d isco u n t,
selling par ; New Orleans, bank, $1 50 prem ium ; com m ercial,
p ar; Chicago, $1 25 per $1,000 discount; St. Louis, 30o.@50o.
per $1,000 premium.
U n ited S ta te s B o n d s . —Sales of G overnm ent bonds a t the
Board include $65,500 4s, reg., 1907, a t 104% to 105%; $114,000
4s, coup., 1925, a t 112% to 113%; $55,500 4s, coup., 1907, a t
106 to 106%, and $6,000 os, coup., a t 103% to 109
The following are closing quotations:

• O n a c c o u n t o f a c c u m u la te d d iv id e n d s .

In terest A u g .
P eriods
22.

W A L L ST R E ET , FR ID A Y , AUGUST 28, 1 8 9 6 - 5 P. HI.

H ie Money M arket and F in an cial S ituation.—W hile the
developments of the week have been generally of a favorable
character, the volume of business continues lim ited in W all
Street. This is due in p art to th e conditions now prevailing
in the money m arket, which do not encourage either active
speculation or more perm anent investm ents.
The political situation, w hich is still the dom inant in ­
fluence in financial circles, has improved during the week.
Mr. McKinley’s letter of acceptance and Mr. Harrison’s
speeoh in Carnegie Hall have strengthened the sound-money
cause and increased the enthusiasm w hich is steadily grow­
ing in its favon On th e other hand the frequent public
utterances of the Chicago-St. Louis candidate only emphasize
the weakness and fallacy of his financial and populistic
theories.
The large gold imports now being reported are a favorable
feature of th e situation, especially as they appear to be per­
fectly normal, and if continued will do much to relieve the
money m arket as well as replenish our gold holdings. The
am ount reported as afloat and engaged for shipm ent to this
country is about $12,000,000.
The money m arket has been firm and some call loans were
made on Thursday as high as 15 per cent. There is reported
to be a less urgent demand from the interior, however, and
the tendency is to less stringent conditions.
The open m arket rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 15 per
cent. To-day’s rates on call were 6 to 8 per cent. Prime
commercial paper is quoted a t 9 per cent for the very best
grade; other grades are unquotable.
The Bank of England weekly statem ent on Thursday
showed a decrease in bullion of £1,102,903, and the percent­
age of reserve to liabilities was 58'64, against 58'94 last
week ; the discount rate remains unchanged a t 2 per cent.
The Bank of France shows a decrease of 9,601,000 francs in
gold and an increase of 1,750,000 francs in silver.
The New York City Clearing-House banks in their statem ent
of Aug. 22 showed a decrease in th e reserve held of $2,401,300
and a surplus over the required reserve of $9,272,650, against
$9,400,175 the previous week.

[V ol, LXI11,

A ug.

A u g.

A ug.

A u g.

24.

25.

A ug.

26.

27.

28

2 s , .........................re g . Q .-M oh. * 91% * 91% * 91% * o m * 91% * 91
4s, 1 9 0 7 ...............re g . Q .- J a n . 105
1 0 1 78 104% 1 0 1 % *104% 104%

4s, 1 9 0 7 .. . . . . . o o u p .
4a, 1 9 2 5 ...............re g .
4s, 1 9 2 5 ........... co u p .
5s, 1 9 0 4 ...............reg.
5 b, 1 9 0 4 ............co u p .
6 s, o u r ’oy,’9 7 . . .re g .
6 s, o u r ’e y ,’9 8 . ..r e g .
8 s, o u r ’oy,’9 9 . .. r e g .
4s, (C h e r.)1 8 9 6 .re g .
4s, (C h e r.)1 8 9 7 .re g .
4 s, (C her.) 1 8 9 8 .re g .
4s, (C h e r.)1 8 9 9 .re g .

Q .- J a n .
Q .-F e b .
Q .-F e b .
Q .- F e h .
Q .- F e b .
i . A J.
J. & J.
J . St j .
M arch .
M a rc h .
M a rc h .
M arch .

*106
*1 1 2 %
112%
*1083i
*1 0 1 %

1 0 3 1* *106

106% *106

106

*11 2 % * 1 1 2 % *112 ** *1 1 2 % * 1121 *
1 1 2 % "1 1 2 ^ 1 1 2 % 1 1 2 % 11241
*1 " 8 % *103** *108% *108% *1083*

108 ^ *108%

*100
*102

*100
*102

*104

*104

*100
*100
*100
*100

*100
*100
*100
*100

*100

* 102
*101
*100
*100
*100
*100

108%

108% *1081*

*1 00
*102

*100
*102

*100
*102

*104

*104

*1 00
*1 00
*1 00
*100

*100
*100
*100
*100

*104
*100
*100
*100
*100

* T h is is t h e p rio e b id a t t h e m o rn in g b o a rd , n o sa le w a s m a d e .
U n ite d S ta tes S n b -T r e a sn ry .— The following table snows
receipts and paym ents at the Sub-Treasury.
B a la n c e s .
Bate.

R eceipts.

A u g .2 2
“ 24
“ 25
“ 26
“ 27
" 28

$
2 ,3 6 7 ,4 8 9
3 ,4 4 4 ,6 9 2
7 ,3 2 9 ,0 6 3
2,468,901
2 ,2 2 6 ,9 1 1
2 ,9 9 8 ,0 3 9

T o ta l

2 0 ,8 3 5 ,0 9 5

P a ym en ts.

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

C oin .

$
1 1 2 ,1 4 6 ,7 2 0
1 1 1 ,9 3 2 ,7 9 7
1 1 1 ,8 0 3 ,4 6 3
1 1 1 ,6 3 5 ,8 2 3
111,4 8 6 ,7 6 7
1 1 2 ,3 3 8 ,9 5 7

C oin Vert's.

$
1 ,3 7 5 ,9 2 3 '
1 ,3 1 2 ,5 8 3 '
1,188,3281
1 ,3 5 8 ,9 8 0
1 ,196,710!
1 ,0 9 0 ,6 8 9 !

C u rren cy .

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

1 9 ,8 6 6 ,9 5 ll .....................

Coins.—Following are current quotations in gold for coins :
S o v e re ig n s .............$ 4 86
N a p o le o n s ............. 3 8 6
X X R e ic h m a rk s . 4 7 0
2 5 P e s e ta s ............. 4 75
S p an . D o u b lo o n s .15 5 5
M ex. D o u b lo o n s .15 5 0
F in e g o ld b a r s , ..
par

® $ 4 90
® 3 90
® 4 80
® 4 80
® 1 5 75
® 1 5 75
® '4 p re m .

F in e s ilv e r b a r s . . . — 66 % ® — 6 7 %
F iv e f r a n c s ............. — 9 0 ® — 95%
M e x ic a n d o lla r s .. — 5 1 4j® — 5 3
D o u n o o m ’o ia l.. — . . . . ® — . . . .
P e r u v ia n s o ls ____— 4 7 ® — 48
E n g lis h s i l v e r . . . . 4 8 6 ® 4 ; 0
U . S. t r a d e d o lla r s — 6 5 ® — 75

S tate and R a ilr o a d B o n d s. —Sales of S tate bonds a t th e
Board are lim ited to $15,000 V irginia fund, debt 2-3s of 1991
a t 55% to 55%.
The stagnation w hich is noticeable in all departm ents
is m ost pronounced in th e m ark et for railw ay bonds.
There seems to be generally no pressure to sell and very
little disposition to buy. Louisville N. A. & Chic, issues
have been one of th e features and declined about 5 points on
th e appointm ent of a receiver for the company. Some
weakness is noticed also in Ches. & Ohio, Mo. K an, & Texas,
No. Pacific con. 5s and Southern Ry. bonds on lim ited sales.
There has been some m ovem ent of th e A tchison, B urlington
& Quincy, N orth W est, Rock Island, Erie, Col. H. V. &
Toledo, Ore. Short Line, Reading, W abash, W est Shore and
U. S. Cordage bonds.

R a ilr o a d and M isc e lla n e o u s S to c k s.— The stock m ark et
has been exceptionally dull and narrow d u rin g th e week
u n til to-day,w hen, under th e influence of th e gold m ovem ent
C a p i ta l................... 6 0 .6 2 2 .7 0 0
62,622,,7 0 0 6 1 ,6 2 2 ,7 0 0 and im provem ent in th e political outlook, th e m arket has
S u r p l u s ................. 73 ,2 9 4 ,0 0 0
71,542;i.lOO! 7 1 ,2 7 6 ,8 0 0 been buoyant and stocks have advanced from about 1 to over
L o a n s & dlso’n ts . 4 5 8 ,9 3 3 ,5 0 0 D eo 5 ,9 8 4 ,7 0 0 5 1 3,532,,5 0 0 4 8 8 ,7 6 3 ,7 0 0
C ir c u la tio n .......... 16,365,800 I u c . 5 7 6 ,0 0 0 13,340, O00| 9 ,7 5 6 ,7 0 0 3 per cent. The m ovem ent was especially pronounced in th e
N e t d e p o s its ........ 4 5 8 ,2 9 8 ,6 0 0 D ec. 9 ,0 9 5 ,1 0 0 5 7 3,534,,5001585,785,800 coal stocks, w hich advanced sharply under th e lead of Jersey
S p e c ie ..................... 4 6 ,7 9 6 ,6 0 0 D ec
6 6 ,4 0 0 66,208,,500 90 ,7 4 4 ,8 0 0 Central, on th e advances ordered in coal. M anhattan Ele­
Legal te n d e r s ___ 7 7 .0 5 0 .7 0 0 Dec. 2 ,3 3 4 ,9 0 0 114,741,,800 122 ,4 2 0 ,3 0 0 vated has made some recovery from th e low quotations
R e s e rv e h e ld ........ 1 2 3 ,8 4 7 ,3 0 0 D ec S
2 ,4 0 1 ,3 0 0 1 8 0 ,950 ,300 2 1 3 ,1 6 5 ,1 0 0 noted last week and closes a t 78%. Reading continued to
L e g a l r e s e r v e ___ 1 1 4 ,5 7 4 ,6 5 0 D e c.2 ,2 7 3 ,7 7 5 143,383, ,625 1 4 6 ,1 4 6 ,4 5 0
decline during th e early p a rt of th e week, selling a t 5% on
S u rp lu s r e s e r v e
9 ,2 7 2 ,6 5 0 'D e c . 1 2 7 ,5 2 5 ' 3 7 ,5 6 3 ,6 7 5 6 6 ,7 1 8 ,6 5 0 W ednesday, b u t recovered to 7% to-day.
The industrials have been unusually tam e. A m erican
S pirits was som ew hat more active th an heretofore and th e
F oreign Exchange.—The foreign exchange m arket has preferred shares declined about 5 points. W estern Union
been weak under a liberal supply of loan and commercial has recovered about 2 points of th e loss noted last
bills. Rates have further declined and a new low record for week. A m erican Sugar has fluctuated w ith in a range of 2
points and doses a t 195%.
th e year has been made.
To-day's actual rates of exchange were as follows: Bankers
A uction Sales.—Among other securities th e following, not
six ty days’ sterling, 4 81%@4 82; demand, 4 83%@4 84. regularly dealt in a t th e Board, were recently sold a t auction.
cables, 4 84(04 84%,
’
By Richard V. H a rn e tt & Co.
Posted rates of leading bankers follow:
3 00 S h a re s T h e W e s te rn B re w e r y Co. o f B e lle v ille , 111......................1 2 - 1 4
1896.

A u g . 22.

D ifferen ’s/rom
1895.
1‘rcv. w eek. | A u g . 24.

1894

A u g. 2 5 .

25 S h a re s C o lu m b ia G ra n i te C o n s t r u c t s & M a n u f a c tu rin g C o . . .
A u g . 28.

Prime bankera* sterling b ills on Loudon..

Sixty D ays.

1
S D em and.

4 8 2 % * 4 85 4 84% ® 4 86%
4 8 1 % ® 4 81%
Docament ary commercial......................... 1 8 0 V < il 81 |
5 2 1 % S 5 2144 5 2 0 l5s® 5 2 0
3 9 :U ® 3 9 i >rtl 40 ® 401 .4
Frankfort or fireuieti- (reichmarks) b’kers 9 4% ® 94% 1 94% ® 95

5

By Messrs. A drian H. Muller & Son:
$ 2 5 ,0 0 0 E lm ira M u n ic ip a l 1
I m p 't Co. 1 s t 5s, 1942 . . .
$ 3 5 ,9 0 0 4 1 R eo e iv e ie ’ c e rts. > $ 5 ,0 0 0
of th e E l m lr a N a t. B lc.,55
p e r c e n t p a id ..................... J
$ 1 ,3 3 0 C ity of M in e a p o lls,
M inn., c e r ts , of in d e b le d n ’s
300
u p o n w h ic h $ i9 8 s till d u e .

$ 3 0 ,0 0 0 T h e C o lu m b ia T y p e
W rite r M an ’fg Co. 1 s t 6 s .$ 7 5 lo t.
$2,000 S uftolk C o u n ty G as
Co. b o n d s ..................................... 1 0
15 M a n u f a c tu re rs ’ T r u s t Co.,
B r o o k l y n ..................
200
1 C ert. N. Y . P r o d u c e E x e li.,
a ll d u e s p a i d ............................. 1 50

fH E CHRONICLE.

A ugust 89, 1896.]

3 U

NEW YORK STOCK EXCEASGE-AOTIVE STOCKS for week ending AU7 'iS, ant since JAM I, IS 96 .
H IG H E S T A N D L O W E S T P R IC E S .
S a tu rd a y,
A u g. 22.

M onday,
A u g. 24.

T u esd ay,
A u g. 25.

[W e d n e sd a y ,
. A u g. 26.

T h u rsd ay,
A u g. 27.

F r id a y ,
A u g . 28.

STOCKS.

S a le s o f
R a n g e fo r yea r 1896.
th e
[O n b a s is o f r o o -sh a r e lo t i .]
W eek,
L ow est.
S h a res.
H ig h e s t .

A c tiv e it It. S to c k s .
8 ,9 8 2
10 %
9 % 10
8 % A u g. 7 17% F eb. 24
10%
10%
1 0 % 1 0 % A t - T o p . * S .F o ,a l U n a t a L p a i d
ICG* 1 0 %
10% 10%
10
16%
15% 15%
16
16%
16% 17
D o p r e 2f .,4 6 1 1 4 % A u g . 7 2 8 % F e b 2 4
16% 16% :
16% 16%
16
% J u n e 10
%
%
'%
i.i
A
t
l
a
n
t
i
c
&
P
a
c
l
f
l
o
........... .
% F eb. 6
%
% ! * % %
%
*%
5 ,1 3 0 1 2 % A u g . 2 6 4 4
Jan. 27
12 % 13
13
1 3 % B a lt i m o r e A O h io ..............
*15
16
12%
15
15
1 6 ! '1 5
16
7
9
4
18
A u g . 10 2 5 % A p r. 23
19% 19%
* 1 9 % 2 0 % B r o o k l y n R a p i d T r a n s it .
20
20
20
20
19
20% :
20
20%
100 5 2 J a n . 4 6 2 % M a y 2 7
*36%
58
*36%
57%
57
58%
5 7 % 5 7 % 'C a w u U a n P a e t l l o ..............
56% 58% *50
58
533 40% A u g . 7 ; 51 % F eb. 10
4 2 % 4 3 % C a n a d a S o u t h e r n ............. .
41%
4 1 % *4 1
4 2 % 442 4 2 %
4 2 % 44 < {4 2 % 43
2 ,2 2 5 8 7 % A u g . 1 0 ,1 0 9 % A p r . 2 3
C e n tr a l o f N e w > J e r s e y ...
01% 91%
92
92% 490% 9 0 %
91% 91%
92% . 9 5
92
92
*
1
3
t
l
-19.S.
!l
1
4
*1*27„
1
4
*13
100
1*2%
*13
14
C e n t r a l P a c l l lo .....................
*12% 14
„ 1 3 % A u g. 22: 1 5 % F e b . 15
14 ' *12% 14
13% 1
1 ,4 4 0 1 1
A u g . 8 18% A p r, 23
12% 12% 13
13
13
C h e s a p e a k e & O h i o .........
413
13
1 2% 12%
12% 12% *12
*150
155
*150
*150
155
"1 5"5
-------—
C h ic a g o & A l t o n ...............
...........1 5 5
A p r. 2 155
A p r.
2
*150
155
• IS O
155
*150
155
A u g . 7 82% A p r. 24
.
_
_H | .
.
. C h ic a g o B u r l i n g t o n A Q u in c y 4 7 ,5 0 3 5 3
5 7 % 58®j
38% 5 9 %
58 % 59%
38% 59%
*37% 39
*37%
39
*37% 39
C h ic a g o * E a s t e r n I l l i n o i s . . .
3 7 % A u g. 10 43
J a n . 18
*37% 3 9
*37% 39
*37% 39
*9 0
95*
95
D o p r e l. 15 9 0
*90
95
A u g . 11 100 % M ar. 5
*90
95 : §89
89 : *90
95
64
6 5 % C h ic a g o M il w a u k e e A S t. P a u l 8 9 ,6 0 9 5 9 V A u g . 1 0 7 9 % J u n e 1 7
63% 64%
2 1 2 U 7 % A u g . 7 1 3 0 % M a r. 2
Do
p re f.
*120%
, *120 % ...... 121 1 2 1 1
121% 124
7 ,4 2 3 8 5 % A u g . 1 0 1 0 6 % A p r . 2 3
94
9 4 % ;C h l c a g o A N o r t h w e s t e r n .
91% 92%
92% 94
92% 93%
140% 140% :
Do
1 0 0 1 4 0 % A u g . 2 8 ,1 5 0
J u n e 30
...........* 1i4- 2. 145
........................ . .....................................................
*■•*„
p r e l.
8 ,8 3 5 4 9 % A u g . 7, 7 4 % F e b . 2 4
51%
5 3 % 54
31% 52%
52% 53%
5 3 % 5 4 % C h ic a g o R o c k I s la n d A P a c lf lo
53% 5 4 % : 54
4 5 5 3 0 % A u g . S 4 5 % A p r. 27
*33% 36
.......... 1 1 7
Jau.
7 1 2 5 % J u ly
3
123
2 ,7 6 6 1 9 % A u g . 8 3 9 % F e b . 1 0
21 % 21 % § 22 % 22 % 22
22 % C lo v e . C ln e ln . C h ic , A S t. L . ..
22% 23
21% 22 : 22
22
74
Do
p re f.
162 73
A u g. 7 90% F eb. 20
73
78
7 3 % 7 3 % *7 2
*7 3
78 ■ *72
78
1 8 i *72
C o l u m b u s H o o k in g V a l. & T o l
5 0 0 1 2 % A u g . 10 1 8 % J a n . 23
14
1 3 % 1 3 % *1 3
1 3 % *13
14
1 3 % 14
14 i ■ i s
15
Do
p r e f.
.......... 5 0
June 22 60
J u ly 2 2
*51
51
58
§ 4 9 % 4 9 % *51
........... *5 0
*51
58
58
6 3 7 1 1 4 % A u g . 10 1 2 9 % F eb . 11
,1 1 8
118%
"
* 1 1 4 % 111 0 % ; "1 1 6* 1 1 6 % *11".% 1 1 6 % D e la w a r e A H u d s o n
2 7 5 138
A u g. 10 166
June 5
1 4 6 % 1 4 6 % *145
147
146%
* 1 4 6 % 151
146% 147
*1 4 6 % 155
5 0 0 10
A u g. 25 14
F eb.
4
*0% 10 %
* 9 % ........... * 1 0 % ...........i D e n v e r A R i o G r a n d e
-1 0
10%
10
10
o3 o8
*yy
ja
I
r ioo
**
D
pref
350 37
A u g . 7 51
Feb. 24
*38
3 0 > 3 3 V 3 3 V *33
3<ici
3 : ‘ 3 6 % .......... I 3urt
9
33%
E rls*......................................... . . . . .
12
12
12
1 ,5 2 0 1 0 % A u g . 7 1 5 % M a r . 1 2
12
•11% 12% *11% 12
*11
1 2 % * 1 1 % 12
250 27
J u l y 2 9 4 1 % M a r . 17
2 8 __ i - 2 5
------- 1
Do
1 st p ro f.
23
27
28
§27
.........:
Do
2 d p re f.
......
13
Aug. 6 23
M ar. 1 0
*15%
is % ; *15% 17% *15
18
*23
27
...........i 2 4
A u g . 151 3 4 % F e b . 2 4
*23
27
*23
27
E v a n s v i l l e A T e r r e H a u t e ___
*23
27
*2 3
27
•27
30
1
0
6
1
1
5
G
r
e
a
t
N
o
r
t
h
e
r
n
,
p
r
e
f
...................
...........1
0
8
%
M
u
r.
1
3
1
2
1
M
ay
7
*1 0 6
112
*
1
0
6
113
112
106
1
1
2
*
1
0
0
U
S
*106
*86
88
I llin o is C e n t r a l ...............................
5 0 8 4 % A u g. 11 98
Jan . 31
§8 7
8 7 ' *66
88
*88
88
88% *80
2
1
0
,
5
%
A
u
g
.
13
1
0
%
F
e
b
.
7
*5%
6
I
o
w
a
C
e
n
t
r
a
l
...........
.......................
*5%
0
o
*
5
%
8
‘ 5%
0
* 5%
6
*22
*22
24
Do
2 4 ; .| 1
..........
19
A u g. 7 38
A p r. 28
24
*22
24
*22
21
p r e f.
*22
24
7
0
0
1
2
%
A
u
g
.
1
0
2
2
%
F
e
b
.
5
1
4
1
4
:L
a
k
e
E
r
i
e
&
W
e
s
t
e
r
n
________
*13% 15
13% 1 4 4
1
4
%
1
4
%
1
3
%
1
3
V
14%
1 4%
1 ,1 8 8 5 5 % A u g . 8 7 5
F eb. 7
60%
60% '
Do
prof
61
01
61% 61% ,
61% 61%
TO
61
59
60
1
3
9
4
1
1
0
%
L
a
k
e
S
h
o
r
e
A
M
lo
h
.
S
o
u
t
h
e
r
n
1
,4
7
7
1
3
4
%
J
a
n
.
7
1
5
4
%
J
u
n
e
1
7
*139
141
13 9 % 140
139
1 3 8 4 1 3 9 % 139
140
139
65
70
l a m g Is la n d
*65
70
28 6 8
J u ly 29 8 4
Jan.
7
*65
70
*65
70
*65
70
70
m
2
5
,8
2
7
3
7
%
A
u
g
.
2
6
5
5
%
F
e
b
.
2
4
■ .
>
.
1
A u g . 2 6 1 0 % F e b . 18
l
2%
*1% 2%
*2
3 L o u ls v . N o w A lb a n y A C h k * ..
2
3%
2
2
1%
1%
2 ,5 5 0
4
A u g . 26 2 4 % F eb . 13
6
7%
5
5%
5
5%
4
5
5% 5%
5% 5% „
Do
p r e f.
2 9 ,9 3 5 7 3 % A u g , 1 3 1 1 3 % F e b . 11
76% 77%
76
77%
76% 70
M a n h a tt a n E l e v a t e d , c o n s o l . .
74% 75%
75% 78%
7 6 % 78
125 7 9 % A u g . 10 109 % M a y 25
*39% 9 1 %
§ 8 9 % 8 0 % ' *88
98
88
*67
Si)
*87% 92
M e t r o p o li t a n T r a c t i o n ..............
90
105
8 0 A u g. 28: 9 7 % F eb. 11
..................
................. J
89
8 9 [M i c h i g a n C e n t r a l ................. .........
*87
90
*8 8
90
*88
90
*11
14
M in n e a p o lis A S t. L o u i s ..........
...
12 A u g. 21 2 1 % F6b. 21
*11
13
-1 1
13
*11
14
*1 1
14
14
*1 1
50!
51 A u g. 8 83
F eb. 21
*58
64 i
Do
1st p r e f.
*58
65
1* 5 8
65
j *58
500
‘ 58
04
60
64
...
3 0 A u g . 10 5 3 % A p r. 22
*33
38
Do
2 d p ro f.
*3 3
38
: *3 3
38
: *3 3
*3 3
*33
38
38
38
...
9 % A u g . 6 1 3 % F eb . 2 1
*9%
1 0 % * 9 % 10
* 0 % 10 %
**J% 1 0 M is s o u r i K a n s a s A T e x a s . . . . .
9 % 10 %
* 9 % 10
20%
21 i...
Do
p re f.
2 ,7 8 0 1 0
J u l y 2 0 3 1 % F e b . 2S
*2 0 %
20 % 20 % 20 %
20
20 %
19% 20%
20
20%
5 ,1 0 3 1 5
A u g . 7 2 9 % A p r. 2 4
16
1 0 % M is s o u r i F u e l t i e . . . .......................
18%
1 5 % 16
* 1 6 % - §16%
15% 15%
15% 15%
*15
19
*15
18
*15
18
*15% 18
M o b i l e * O h i o .................................
14
A u g. 10, 25
J a n . 11
•15
18 i * 1 5
19
........................N a s h v .C h a t t a n o o g a & S t . D ia l s
51% Jan . 28
................ .
N e w E n g l a n d .................................
...........§ 2 0
A u g . 11
92
92
2 ,2 5 9 , 8 8
A u g, 0 9 9 % F eb. 10
91 % 9 2 %•>N e w Y o r k C e n t r a l A H u d s o n .
» { '* " 9 2 " §99% ‘ 91% "9 0 % ’ 90%
01
*9
Jan. 22
*9
1 0 % N e w Y o r k C h ic a g o & S t. L o u is
.......... .
II
A u g . 11 1 5
*9
10% ;
*0
10%
—
*10
"
10
11%
*9
Jan. 22
‘ 6 1 % .......... * 6 1 % ........... * 6 1 % .........
6 7 % J u ly 28 8 0
*61
..1
Do
1 s t p r e f..........
,
*61
25
25
24
27
A u g . 1 0 35=8 A p r . 1 3
'i i d *
*23
27 |
Do
2dp re f. 1 0 0 2 0
*23
27
*2 3
26
*164
167
*164
167
26 100
J u ly 2 3 1 8 6
F e b . 10
164167
N e w Y o r k N nvr H a v e n A B a r t
164
167
*164
107
*164% 165
2 0 0 ! 1 1 % A u g . 10 1 5 V J a n . 31
* 11% 12% 11% 11% §12% 12% *11% 12% * 11% 12% 1 3 % 1 2 % N e w Y o r k O n t a r io A W e s t e r n .
*8%
7 % N e w Y o r k 8 u * q . A W e n t., n e w .
250
6
A u g. H i 11% J an 31
7%
*6%
7%
6%
6%
*0%
7%
0%
o% ;
17
17
702. 12
A u g . 8 31% F eb. 0
17 ’
Do
p ret.
16% 17
16
1 6 1 1 6 % 17 ! * 1 6 % 17
* 7 % 10
*7%
1% A p r. 2 0
S% A u g. 15
8 % :M o r f.A W e s t e r n ,a ll 1n a ta l, p d .
*7% 10
*7%
9
•7 % 10
~% 10
*12
- 12
10 t 4 % M a y 8 1 2 % A u g . 2 1
13
12%
D o p r e f . , i r . e u * . a l l Icia.pd,
§ 1 1 % 1 1 % * 1 1 % 1 2 % * 1 1 % 1 2 % *12
12%
9
2
,1
5
0
9
%
N
or.
I
’
a
c
.,
a
l
l
i
h
s
t
a
lm
't
p
a
i
l
.
1%
M
a
y
2
3
!
9
% ,lu n e 2 9
9%>
9
9
%
0
%
§9%
9%:
0%
9%
!»%:
«%
15%
16
16 i ♦ 1 5 % 1 6 % :
16
17
17
D o p r e f .,a l l
lu c ta L p a id .
337 1 10
A p r , 10 1 1 7 % M a r . 9
15% 15%
1 5 % 15% :
*11
A p r. 14
18
*1 1
'l l
20
20 O r .R y A N a y .C o . r o e . a s s t . p d .
110
F eb . 18 22
*11
20
*10
20
*11
20
•1 0
A u g . 10
*1 0
*10
*10
*10
......
13% A p r . 14 1 1
*10
O r . S . L . * U .N o r .r e c ,a U Ins. p d
7
%
7% " f %
7%
7%
1
6
J u n e 16
7
1
7
,4
4
5
12%
J
a
n
.
7
P
h
il*
.
A
R
e
a
d
in
g
2
d
lu
s
t
.
p
d
.
5
%
6
%
7
%
0%
6% :
6%
*1 2
n
72 0 11
-1 2
12
A u g . 7 1 8 % Feb. 7
13%
12
H K a l m r g t n o n . C h ic . * S t. L .
*12
13%
12
13%
1*2
12
*4 2
*42
5
9
F e b . *27
4
0
%
A
u
g
,
1
2
4
1
%
4
3
%
!
*
4
1
%
4
3
%
D
o
p
r
e
f
.
*
4
2
.
.
.
.
.
.
*42
...a . 5 ,*
<........... 15
17
J a n , 15 2 0 % J a u . 3 1
15
* ,......... 15
P it t s b u r g A W e s t e r n , p r e f . . . .
•........ 15 "
10
F e b . 8 1 8 % I'*«b. 1 0
......... ...........: R io G r a n d e W e s t e r n
Jan.
3
109 112% 110% 1 1 0 % U 1 2
112
*109
111 *109
1 1 1 *1 0 7
111 R om e W a tertow n A O g d e n s b .
120 110
A u g . 15 1 1 8
*‘ 5 3
55 8 , * 5 5
3
53
A u g . 14 0 0 % J a n .
5 0 , **5533
53
5 8 i *5 3
58
*53
5 8 |3L L o u ts A l t * T . H .r tr .r e e ts
5588 , **53
*2%
3
2%
5 % F eb.
7
3 : *2%
3%
*2%
3%
310
2 % A u g . 10
*2 %
3% :
*2 %
3 % s t . L o n is S o u t h w e s t e r n . ...........
7%
7% .
*7
7%
F eb . 26
•7
8-%i
300
0 % A u g . 7 13
7%
7% :
7%
7%
*7
8% :
Do
p r e f,
* ......
2 0 * ............. 1 9 * .......... 1 8
* ........... . 1 8 * ...........
18
*13
18
8 t P a u l * D u l u t h . . . . .................
........... 1 8
A u g . 4 2 7 % F eb . 24
9
1
F e b . 10
* ........... 8 5 * . . . . . .
3 5 ■*..........
S 7 * ............. 3 4 !*........... 8 4
........... 8 4
D o p r e f.
S6
J u ly 1
*103
1 1 0 *1 0 3
1 1 0 *10 3
1 1 0 *103
1 1 0 *103
110
Jan . 11
103
1 1 0 H t P a u l M in n . A M a n i t o b a . ..
05
A u g. 11 115
*10
17 *10
17
*10
17 *10
17 * 1 8
17
1 6 % 1 6 % S o u t h e r n P a c l H o O o . . . . .............
2
2
%
J
an . 14
30 0 16% A u g. 28
7%
; % s , „ m ,..r;>.v e tii'V 1 r .I-t. >:*•> t:f.
F eb.
6
7%
7%
8%
7%
0%
6%
6%
7
6%
7
*3,771
0 % A u g . 7 11
18 % i« %
*1 “8 %
•
•*-*
m
*
3
3
%
F
eb. 25
7 .2 3 5 1 5 % A u g . 8
19% ,
1 8 % 13% ;
18% 18% '
18% 18%
19% 19%
D o p r o f ., v o t i n g t r u s t , c e r t .
*5 %
5%
9 % F eb. 25
*5% a
5%
5
5
5 % 5 % T e x a s A P a ct lb*............
590
5
Aug. 7
5%
*5
5%
*20
35
*2 0
35
M ay 6
........... 3 2
June 8 35
3 3 ; *20
35
*20
30
T o l e d o A O h io C e n tr a l
*20
20
35
*50
7ft
*50
75
A p r. 0
75
*50
75
*50
75
Do
p r e f.
.......... 7 5
A p r.
8 75
*50
70 I 50
4%
4%
1
0
A p r. 21
4%
5
4%
4% 4%
4%
-i% U n io n P a c i f ic t r u s t r e c e i p t s . .
2 ,5 8 7 :
3% Jan.
7
4%
*4%
4%
* 1%
2
5 % F e b . 13
1%
t l % 1%
*1
1 % U n io n P a c if ic D e n v e r & G u l f .
1 ,1 1 0
1% A u g. 26
1%
1%
1% 1%
1%
*5%
5%
7% F eb. 24
*5%
5%
611:
4% A ug. 7
5 ,
*4% 5% !
*5
5 % W abash
5
5% ;
5
13
13
* 1 2 % 13
2 ,6 TO 11
A u g. 7 1 19% F eb. 24
12
1 2 % 1 2 % 1 2 % 12 % 12%
D<>
p r e f,
1 2 %! 12
5%
6
3%
8%
5%
514
r ,V
5 % 5 % W h e e lin g A L a k e E r ie .
1 3 ,1 6 6 ;
5 % A u g . 2 7 1 3 % F e b . 14
5%
5 %.
0% !
*21
24%
22% 23%
4 3 0 2 0 % A u g . 8 , 4 0 % F e b . 13
2 3 % 2 3 % *21
23%
§23
23
*21% 2 3 %
Do
pref
2
* 1%
* 1%
2
2
*1%
2
*1% 2
W ise . C o n . C o ., v o t i n g tr. o t fe .
50
1% A u g. 21 j 4 % F eb . 24
§1%
1%
*1%
M l « c e ll a n e o n s S to c k s ,
*8%
9
*8%
9
*8%
10
8 J u ly 2 0 : 19
Jan. 27
*8 %
9
9
58%
8%
*8 % 9
A m e r i c a n C o t t o n O il O o
*41
4 3 % *41
4 2 % *41
42%
210
3 7 AUK. 1 0 6 9
F e b . 11
11% 41% , 41% 41% §42% 42%
Do
p r e f.
5%
5 %. .
. .%.
4%
5%
6 ,0 3 0
4 % A u g . 7;
6
J u ly 28
5
5. %.
4%
4 % A m e r i c a n S p ir it s M fg . C o
4%
4%
*10
1 7 % : ,i l . 6 %. 1 7 , * 1 5 % 1 -7 1 » ! $
8 3 5 ; 1 5 % A u g . 2 8 ! 21
A u g . 14
15% §1 4 % 13%
15% 16
D
_ .o
_
p re f.
104
1 0 5 1 1104
04
1105%
0 5 < „ ___________
193 % 105 , 103%„ ______
101% 104 104% 104% 105% American Sugar Refining Co. 1 1 2 ,3 0 0 9 5 A u g . 1 0 1 2 6 % A p r . 21
7 4 5 ; 9 2 % A u g . 8 4 0 5 % J u n e 12
• 98% 9H , 9 6
97
§ 9 7 % 0 7 % ’ * 9 5 % 9 7 %: 3 a
■„ps *90
98%
Do
'
p r e f.
55%
56% 50
67%
56% 5 7 %
50% 56%
30%
57%
58
5 8 A m e r i c a n T o b a c c o C o ...............
1 4 ,8 6 0
51 A u g . 10 9 5
A p r. 2
*93
98
< 93
98
........... § 9 2 % 9 3
‘92
98
*92
98
Do
p r o f.
115
9 5 A u g .4 1 0 3
F e b . 13
1 2 ,0 0 0 4 4 % A u g . 8 7 0 % M a y
4
51%
52
51%
52 A
51% 52%
50% 51%
80%
52
31%
8 2 % C h ic a g o G a s C o ., c e r t * , o f d a p .
1 ,5 8 2 1 3 3
A u g . 10 161 % A p r. 29
1*0
1 4 3 I 1 4 0 % 141
140
1 U % *136
139
138
138
139
1 3 9 % C o i w o lt d a t c i lO a * C o m p a n y
23
23
23%
23% 23%
23% , 22 %
*23%
0 ,4 8 0 2 0
J u l y 16: 3 9 % M a r . 1 3
23
2 1 % :G e n e n il E le c t r ic G o,
* 8 % 18% ;
17%
17% , *17 ' 16% : 418
18
550 16
A u g , lit 2 8 % A p r. 21
17% 17%
1 8 % 1 8 % N a t io n a l L e a d C o . . .
§S0
9 0 , §90% 8 0 % 80
80
{8 0
80
050 75
A u g. 27, 9 2
M ay
4
75
75
77
77
Do
p r e f.
4%
4%
1
1
*3%
4%
3%
4% :
1 ,1 8 6
3% A ug. 7
6 % F ob. 24
3%
3 % N o rth A m e r i c a n C o .
3 ,2 2 2 1 5 % A u g . 7 j 3 1
F eb. 10
18
18% ;
19%
1 8% 1 7 %
1 7 % 17
17%
i. .! % i t 1*
1 7 % 1 7 V P a c i f i c . M a l i .................
195
...........' 1 0 5 % ............ > * 1 0 5 % ............; * kVD'*»
1 0 5 % ...........
5% .»#•**
...
e LMtMU
in e CW
eC1
r t i fi c a t e s ,.
*1
0 5 % ..«»**»•
. . ___ PAip
*«•***#1*10
. D'OTI
tW
«i'O
*139
143
*133
8
1 4 31
♦
la w
142
1311
19(1
1*18
11.2
2 1 0 ,1 3 9
A u g , 7 161
F o b . 11
*13H
1
39
139
138
14
2
'1 4 2
1 4 2 P u l l m a n P a la c e O a r C o m p a n y
•66% 67
F eb. 24
5 3 ,0 0 0 6 0
A u g. 13 7 0
67
87
S i l v e r B u llio n C e r t i f i c a t e s , . . .
0 0 % 00 % : 0 6 V 6 7 : * 0 8 % 0 7 %
10 % Y e%
16% i n i
16% 16%:
1 6 % 1 0 % ' 1 0 % 17
T w in e s «*e C o a l I r o n A R R . ..
3 ,2 8 6 ! 1 3
J u l y 2 0 3 4 % F e b . 10
18% 18%
a%
3%
3%
320: 3 % A u g, 7
6% F ob, 7
3 5 ,;
*3*%
3%
3% i
*3%
8 % :0 .S ,C o r d .( 'o ..t r .r e n .u l l In s .p d .
*3%
8\
;« * 4
7 %:
6%
210
0 % A u g . 8 1 2% F ob. 7
8%
7 %; * 0
7 i
*6%
7% '
P r e f ., tr . t e c , a i l In s. p d
7 1 *0
*«%
*0 %
flV
0%
g%|
*«%
8% ;
035
5 % . T u ly 3 6 1 t v F e b .
8
6%
§0 %
6 ‘» '
*6%
6 % U n it e d S l a t e s l e a t h e r C o ____
@l4
4 4 % 44%
4tv
44
1 2 ,0 4 8 ! 4 1 % A u g . 1 0 6 9 % F e b . 1 4
43
It
43% 44V
Do
p r e f.
4 3 % 44% ; 4 2 % 43%
*15
17 ) 15
J a n 13
3 7 5 1 4 % A llg . 8 2 9
16
*16
*10
1 7 % *15
17%
1 7 : 16
10
U n ite d S t a t e s H u t ib e r C o ........
§097, 7 0 ! §70
70 i 70
Jan. 15
4 5 9 6 9 % A u g . 18 8 9
70
*70% 7 0 % §60% 8 8 ~
Vi 70% 7
71.
1
Dl )oo
pprroeff.
74
75%
73%
7 6 .9 8 7 7 2 % A m t . I o ' TO*1” A n * 7 2
75
74% 75%
74
75% 1 7 4 % 7 0 % l W e s t e r n O n io n T e l e g r a p h .
75%

*iai»

>118 m% ;u*% us'

f l 1*

.....

"if,"

f

* I h e s e a r e M S a n d a s k e d ; n o s a le m a d e .

§ L ess th a n 100 sh a res

I B e f o r e p a y m e n t o f a n y I n s t a lm e n t .

THE CHRONICLE.

348

N E W Y O R K STO CK E X C H A N G E P R IC E S (C o n tin u e d )—IN ACTIVE
A u g . 28.

I n a c t iv e Bto ck b .
1 1n d ic a te s u n lis te d .

C h ic ag o G re a t W e ste rn .

P r e f e r re d .

F ll u t A P e re M a r q u e tte ...

P re f e r re d .

New J e r s e y & N . Y .

A sk.

B id.

R a ilr o a d S to ck s.
A lban y A S u sq u e h a n n a ......
A nn A r b o r .................................
B a lt. & O. 8. W. p re f., n e w .

R ange (sa les) m 1896.

170 J u ly
6>a A uk .
171* Aug.
7 F eb .
131% J a n .
102 M ay
10 J a n .
51 M ay
7 0 M ar.
5 A ug.
3 6 A uk .
155 J a n .
5% J a n .
51 A pr.
3% J u ly
10*4 A pr.
4 5 A pr.
13 F eb .
3 7 M ar.
85 J a n .
25 Ja n .
6% M ay
2 Jan.
12 J u ly

170 178
6
9
17>a 20
.1 0 0
.1 0 0
.1 0 0 100 105
101* ) 7
.1 0 0
51
.1 0 0
.100
68
7
4*4
40
.1 0 0
35
. 50 155 163
41*
.1 0 0
40
GO
4
.1 0 0
3>«
0
10
..5 0
.1 0 0

.1 0 0
.1 0 0
.1 0 0
.1 0 0
.1 0 0
.1 0 0
100
.1 0 0
50
.1 0 0
.1 0 0
.1 0 0
100

O hio S o u th e r n ............................... ’ «■*&
P e o ria D e c a tu r & E v a n sv iU e ido
P e o ria & E a ste rs? ..................... . a.0 0
100
100
TOO'

5

8
2
12

8

183ifl M ay
1 1 % Feb.
29 7s Feb.
7 Fel).
1 3 1 1* J a n .
102 M ay
25 M ay
6 2 ia M ay
7 0 M ar.
1030 J u n e
5 4 ia M ay
162 M ay
9% J u n e
60 J u n e
6 Jan.
14*4 Fob.
50 Feb.
16 Feb.
43 F e b
9 2 >a M ay
25 J a n .
8 Jan.
3*4 M ar.
18 Feb.

6% A ug. 12 Feb.
2i0 Feb.
% M ay
1^
150 A ug. 166% Feb.

7
=8

100 *4 A ug.
7 0 M ay

70

55

70

M ay

1% J u n e
3 7g F eb.
3 Jan.
6 June
1 8 U a H ay 182 Feb.
46% Feb.
5 1* A pr.

U%
4
6
170 180
15

J

‘ N o p ric e F r i d a y ; l a t e s t p ric e th is w e ek .

STOCKS.

(% Indicates actual s a le sj
A u g . 28

I n a c t iv e S t o c k s .
ff I n d ic a te s u n lis te d .

Highest.

Lowest.

[ vol. L x m .

B id .

M is c e lla n e o u s S to c k s .
A d a m s E x p r e s s ............................... 1 00
A m e ric a n B a n k N o te Co IT...............
A m e ric a n E x p r e s s ......................... 1 00
A m er. T e le g ra p h & C a b le ..........100
B a y S ta te G a s I f ............................. 5 0
B ro o k ly n U u io u G a s ...................... 100
B ru n s w ic k C o m p a n y .....................100
C hic. J u n o . R y . & S to c k Y a r d s . 100
C o lo ra d o C oal & I r o n D e v e l . .. l 0 0
C o lo ra d o F u e l & I r o n .................. 100
P r e f e r r e d ....................................... 1 00
C o lu m b u s & H o o k in g C o a l........100
C o m m e rc ia l C a b le ..........................100
C o n so l. C o al o f M a r y la n d ..........100
D e tro it G a s . . .....................
50
E d iso n E le c . 111. o f N . Y .............. 100
E d iso n E lec . 111. o f B r o o k ly n .. 10 0
E rie T e le g ra p h & T e le p h o n e ..1 0 0
Illin o is S te e l......................................100
I n te r i o r C o n d u it <fe I n s .................100
L a c le d e G a s . . . . . . . . . ......................100
P r e f e r r e d ........................................ 100
M a ry la n d C oal, p r e f ...................... 100
M io h ig a n -P e n ln s u la r C a r C o . . . 100
P r e f e r r e d .........................................100
M in n e s o ta I r o n ................................100
N a tio n a l L in se e d O il C o ..............100
N a tio n a l S ta rc h M fg. C o .............100
N e w C e n tr a l C o a l............................ 100
O n ta rio S ilv e r M in in g .................. 1 00
O re g o n Im p r o v ’t Co. t r . r e c t s . . l 0 0
P e n n s y lv a n ia C o a l . . . . ................. 5 0
Q u ic k silv e r M in in g ........................ 100
P r e f e r r e d ........................................ 100
T e n n e ss e e C oal & I r o n , p r e f . . . 100
T e x a s P a c ific L a n d T r u s t .......... 100
U . S. C o rd a g e , g u a r ., tr . c e r tfs .1 0 0
U . S. E x p r e s s ............ ....................... 100
W ells, F a r v o E x p r e s s ..................lOQl

U 37
32
1108

S E C U R IT IE S .

B id .

S E C U R IT IE S ,

A sk.

C apital S u rp l’s | L oa ns.

Bay* of N ew York. $2,000,0 $1 866,8 $11,610,0
M an h attan Co.......... 2 ,,050,0
----------------- 178.7 14.021.0
m erchants’....... .......
,000,0
8.741.4
966.7
,000,0
M echanics’................
8.406.0
148.9
,600,0
503.7 14.738.8
America.....................
, 000,0
P henlx......................
346.0
4.027.0
,000,0
436.6 23.409.8
C ity............................
93.0
750.0
Tradesm en’s ..........
2.403.7
300.0
C hem ical....... ........
409.0 22.903.0
600.0
M erchants’ Exoh’ge
174.3
4.020.4
, 000,0
G allatin N a tio n a l...
678.3
6.427.4
300.0
B utchers’& D rovers’
1.409.1
204.3
400.0
329.0
Mechanlcs’ <s T rad 's
2.320.0
171.4
200.0
Greenwich . . . .
901,9
600,0
L eather M ar.ufac’rs
526.9
2.834.3
300,Q 113.4
Seventh N a tio n a l...
1.623.5
,200,0
S tate of New Y ork.
3.149.0
496.3
, 000,0
,493,4 24.002.0
A m erican E xchange
,000,0
Commerce................
,525,2 20,566,4
,000,0
Broadw ay...............
,582,5
5.378.5
,000,0
937.1
M ercan tile.............
7,227,9
422,7
474.7 2.642.4
Pacific.......................
,500,0
889.6 10.194.0
aepnblio ..................
450.0
966.7
C hatham ...................
5.668.7
200.0
265.8
People’s ...................
1.880.6
700.0
N orth A m erica.......
583.0
4.733.8
, 000,0
H anover....................
,005.3 14.240.0
500.0
Irv in g .......................
335.8
2.936.0
600.0
385.0
C itizen's ...................
2,826,3
500.0
N a ssau ......................
277.7 2.430.2
750.0
M arket 4 F n lto n ...
818.4
5.240.8
92,9
,000,0
■hoe 4 L eath er__
3.060.3
,000,0
.267,8
Corn E xchan g e.......
7.468.6
,000,0
221.2
Conti no n tal..............
3.966.4
300.0
O riental .................
417.7
1.857.0
500.0
,508,2 20.369.0
I m p o rte rs4 T rad e rs'
P a rk .....................
I ,000,0
,145,6 24.048.9
260.0
E a st R iv er.............
139.0
1.141.8
,200,0
,064,2 16.250.1
F ourth N a tio n a l...
,000,0
C entral N a tio n a l...
441.1
8.137.0
300.0
Second N atio n al...
657.6
5.221.0
750.0
N inth N atio n al___
336.4
3.425.5
500.0
F ir s t N a tio n a l.......
,230,9 20.144.9
Third N ational....... . | 1,000,0
209.4
6.747.2
300.0
N.Y. N at. Exchange
75.0
1.392.6
B ow ery.....................
250.0
593.1
2.793.0
200.0
New York C o u n ty ..
424.1
2.840.9
750.0
G erm an Amerlcau.
294.6
2.702.3
Chase N a tio n a l.......
500.0
,421,7 12,710,8
F ifth A venue___
100.0
, 121,1
6.760.7
German E x c h a n g e ..; 200,0
604.0 2.472.4
G erm ania.................
654.8
200,0
2.780.0
U nited S ta te s .........
500.0
539.4
5.173.8
Lincoln.....................
300.0
611.8
6,074.3
Garfield.....................
200.0
689.3
3.889.2
F ifth N atio n al....... | 200,0
309, i
1.700.3
300.0
Bank of the M etrop
848.6 4,759,2
W est Side.......... . | 200.0
320.8
2.032.0
3eabo»rd..................
268.1
500 0
4.983.0
S ixth N ation al....... . I 200,0
340.4
1.790.0
W estern N a tio n a l.. 2 , 100.0
356.7 10,325.3
F irst N at. B r*klyn..
905,2
300,0
5.179.0
N at. Union B ank__
, 200,0
539.6 8.251.7
L ib erty N a t. B ank.
500
200.9
2.179.4
N.Y. Prod. K xch’ge. 1,000
322.6
3.243.0

1 35

A ug. 150% A p r

1381s

40**

*40

80
55

143
15
4
11
275
1%

3
15

113
135
80

95

59
34
35
17
78

62%* j*an.
75 A p r.
35 F eb.
30 A pr
86*4 A p r

A p r.
A ug.
Feb.
J u ly
Feb.

59i* p e b .
60 F eb.
72 Feb.
4 3 A ug.
13 A ug. 21.14 J u n e
4% J a n .
6i* Feb.
7** M ar.
8 7s F eb.
15 M ar.
8 Jan.
4 k Jan
% Ju n e
3 2 0 A p r. 3 4 0 J u n e
2 Jan
1% A p r.
14 J u n e 1 4 J u n e
5
12
35
80

Jan.
7 “
A ug. 2450
A ug. 48
A ug. 101

Feb.
Feb
A pr
Feb.

t A c tu a l sale s.

B id .

M isso u ri—F u n d .......... ..1 8 9 4 1 8 9 5
N o rth C aro lin a —6 s, o ld ............J & J ........
F u n d in g a c t ............................... 1 9 0 0
N ew b o n d s, J & J ..........1 8 9 2 -1 8 9 8
C h a th a m R R ......................................
S p e c ia l t a x , C la ss I ...... . .................
C o n so lid a te d 4 s ........................1 9 1 0
95
6 s ....................................................1919 n o
95
S o u th C aro lin a^ -4 % s, 2 0 -4 0 ..1 9 3 3
6 s , n o n -fu n d ............................... 1888

New Y ork C ity B a n k S tatem en t for the week ending
Aug. 22, 1896. We omit two ciphers {00) in all cases.
BANKS.
(00 b om itted.)

35

H ighest.

Low est.

1 05 “ A ug. 11 6 '" M a y
7 9 A ug. 9 7 M ay
114%
12 A ug. 33 M ay
78
83
95% J u n e
75% A ug
1* F e b .
i* F eb.
%
86 A ug. 9 6 14 F e b
1
4 i« J a n .
% J u ly
:i6
1 6 78 14^8 A ug. 34*4 F eb.
90
98 F eb.
9 0 M ay
% J u ly
43s M ar.
125
162 % A pr. 162i< A pr.
31
36
3 0 M ar. 32i0 M ay
2 6 A p r.
33% J u n e
8 9 J a n . 1001* May

NEW YORK STOCK EXCHANGE PRICES.- -STATE BONDS AU G U ST
A la b a m a —C la ss A , 4 to 5 .........1906
C lass B , 5 s ........................... . . 1 9 0 6
C laes C, 4 s ....................
1006
C u rre n c y fu n d in g 4 s ............. 1920
A rk a n s a s —6 b, fu n d ,H o i. 1 8 9 9 -1 9 0 0
d o . N o n -H o lfo rd
7 b. A rk a n s a s C e n t r a l H R ,___ ...
L o u isia n a —7 s , c o n s ..............
x914
S ta m p e d 4 s ............... .......................
N ew oonols. 4 s ..........................1 914

R a n g e (sa les ) in 1896.

A sk.

Specie.

L egals. D eposits.

$860,0 $2,480,0
2.766.0
811,0
1,068,2
1.577.0
633.0
2,868,4
1.334.1
104.0
963.0
1.231.8
6.243.1
280,5
139.7
4.035.2
2,280,4
459.0
622.7
246.2
1 .200.8
129.0
163.2
140.0
310.0
146.6
268.3
186,9
508.7
226.0
276.7
20,0
519.8
440.0 2.680.0
360.1
3.277.3
754.7
369.0
1.223.9
417.7
329.4
506.9
1.506.7
918.4
472.4
935.3
187.3
530.3
786.0
562.8
3.088.8 2.448.9
267.4
568.0
6 L0,3
160.3
157.8
507.5
493.0
1 , 100,8
464.4
335.3
1.024.2
1.093.0
395.0
823.9
126.4
287.7
3.013.0 2.328.0
2.845.2 4.235.3
100.4
318.6
1.195.1
3.737.8
163.0
1.649.0
771.0
881.0
307.0
400.0
459.7
3.866.3
1,280,0
841.1
133.2
219.5
394.0
280,0
469.8
246.0
225.7
439.8
1,298,0
5.235.0
898,6
1.438.9
238.1
808.1
493.4
321,3
799.5
512.7
585.5
1.276.4
638.4
271.1
168.3
407.2
688.9
663.3
194.0
394.0
811.0
080.0
132.0
180,0
224.5
2.524,8
402.1
831.3
398.8
1.592.1
25,5
444,1
545.5
418.5
T o U l.................... P0.622,7 73.294,0 458^933,5 46.796.6 77,060,7
1, 122,2

$11,270,0
14.473.0
9,828,6
7.265.0
16,237,7
3.824.0
20.037.5
1.850.1
21.524.6
4.352.5
4.904.6
1.287.7
2.190.0
948.7
2.396.7
1.795.3
2.275.8
16.264.0
13,298,2
4.326.5
6.662.3
2.887.2
10.190.6
5.409.0
2.512.6
4.719.9
17.097.5
2.905.0
2.714.8
2.824.2
5.685.5
3.080.0
8.132.9
4.671.1
1.057.0
19.674.0
27.101.6
1.139.1
16,777,9
8.284.0
6.005.0
3.435.7
17.472.4
7.608.6
1.304.0
2.817.0

3.200.2

2.530.0

17.032.0
7.893.3
2.910.3
3.851.3
5.279.8
6.846.0
4.208.2
1.865.1
5.439.3
2.125.0
5.772.0
1.346.0
10.596.4
5.190.0
7.931.0
2,042,5
3.048.2
458,298,6

28.

8 F C U B IT I E S

A bK.

B id .

A sk

70

74

4

56
6

..........
C o m p ro m ise , 3-4-5 6 s .......... 1912
3 s ................................................ .. 1 9 1 3
do

105
107

4 % s..................... 1913

V irg in ia fu n d e d d e b t, 2 -3 S ...1 9 9 1
6 s , d e f e r r e d t ’s t r e o ’ts , s ta m p e d .

New Y ork City, Boston and P h ila d e lp h ia B anks:
Capital <x
Surplus.

Loans.

Specie.

Legals.

Deposits .t Oirc’Vn.

$
$
$
N . Y.*
$
$
$
$
J u ly 25.. 133.910.7 474.239.9 56.231.3 85.607.8 493,353,2 14.076.7 515.969.1
Aug. 1.. 133.916.7 469.535.9 46.254.7 92,727,4 485.014.0 14.800.0 444.781.1
8.. 133.916.7 468,037,6 46.545.8 86.560.9 477,164,5 14,903,2 502.877.4
“ 15.. 133.916.7 464,918,2 46.863,0 79.335.6 467,393,7 15.789.8 467.665,9
“ 22.. 133.916.7 458,933,5 46,796,6 77.050.7 458.293.0 16.365.8 441.280.5
B os,*
Aug. 8 . 09.351.8 162,001,0 7.058.0
7.248.0 138.650.0 10.209.0 81,170,7
- 15.. 09.351.8 160.840.0 7.107.0
7.337.0 136.111.0 10.014.0 73.785.1
“ 22.. 09.351.8 161.793.0 7.119.0
7.013.0 134.875.0 9.978.0 71,022,5
P h lla . *
A ug. 8.. 35.263.0 102.781.0
26,2 27.0
95.932.0 6.505.0 52.522,9
25.0 90.0
94.874.0 0,556,0 53.192.2
" 15.. 35.263.0 102.505.0
“ 22.. 35.263.0 102,5*9.0
26.0 40.0
95.072.0 8.599.0 54.454.3
* We omit two civ hers *n od these Hgures.
t Inoludlng fo r b o s to r an d P hilad elp h ia th e item “ due to o th e r b an k s.’ 1

M iscellaneous an d U n listed B o n d s :
M i s c e lla n e o u s B o n d s .
Am er. S p irits Mfg., 1 st 6 s ...
Br’k ly n U n. Gas, 1 st cons. 5s.
Oh. Ju u . & S .Y ds.—Col.t.g.,5s
Col. C. & I. Level, gu. 5s.......
Colorado Fuel & I .—Gen. 5s.
Col. & H ock. Coal & I.—6s, g.
Cons.Gas Co.,Chic.—ls tg n .S s
Consol. Coal conv. 6 s..............
Det. Gas con. 1st 5 .................
E dison Elec. 111. Co.—1 st 5s..
Do.
of Bklyn., 1 st 5 s..
E q u it. G .-L..N. Y.,cou8. g.os.
E q u itab le G. & F .—1 st 6 s__
H enderson B ridge—1st g. 6s.
Illin o is S teel deb. 5 s ..............
N on-conv. deb. 5s ................
In t. Cond. & In s. deb. 6a.......

61 b.
100 b.
■100 >.
79 a.
95 b.
107%b,
• 86
100

M is c e l l a n e o u s B o n d s
M anliat. B each H . & L. g. 4s.
M etropol. Tel. & Tel. 1 st 5 s ..
M ich.-Penin. C ar 1 st 5 s .......
M u tu al Union Teleg.—6s, g ..
N a t. S ta rc h M fg. 1 st 6 s .........
N .Y . & N . J . Telep. gen. 5 a ..
N o rth w e ste rn T eleg rap h —7s
People’s Gas & C. > 1st g, 6s.
Co., C hicago....... ) 2d g. 6s.
1s t cons. g. 6 s ....... ...............
P leas. V alley Coal—1 st g. 6s.
S u n d ay C reek Coal 1 st g. 6s.
U. S. L e a th e r—S.f. deb.,g.,6s.
W estern U nion Teleg.—7 s .. .
W heel. L .E .& P itts.C oal ls t5 s
U n lis te d B o n d s.
Com stock T u n n el—Ino. 4 s ...

*107 b.
93 b.

100 b.
106 a.
90 b.
107 ^b.
*104 b.

6 b
N o t s .—“ 6” in d io a te s p ric e b id ; “ a ” p ric e ashed. * L a te s t p rice thi s w e e k .

B ank Stock L ist—Latest prices this week.
BANKS.
A m e ric a .......
Am. E x o h ...
B o w ery * ...
B ro ad w ay ...
B utcha’& D r.
C e n tr a l.........
C h ase ............
C hatham ___
C hem ical ...
C ity .......... .
C itizens’. .....
C olum bia__
C om m erce...
C o n tin e n ta l.
Corn E xoh..
E a s t R iv e r..
11 th W ard ...
F ifth A ve....
F ifth*............
F irs t.. . . . . ..
F ir s t N., S .I .
14th S tr e e t..
F o u rth .......
G allatin.........

Bid.

B A N K S.

Bid. A sk.

G arfield....... .
G erm an Am. 105
G erm an S x
G erm ania.
330
120
G reenw ich
165
120 135
H a n o v e r....... 300
400
H u d . R iv e r.. 157
270 300* Im.<fc T rad ’s'
4000 4200 Irv in g .......... i ‘40*
520 750
L e a th e r M fs’ 160
L in co ln ......... 750
130
M a n h a tta n .. 200
176 185
202
M ark et & Ful 200
130
M echanics' 180
290* M ’ohs’ <fc T ro’
120
M e rc a n tile ..
200
M eroh?.iits’..
2700
M eroh’t s Ex. 110
250 275
M e tro p o lis .. 400
2850
M t. M o rris .. 100
N assau ,.........
175
N . A m s’dam 190
170
N ew Y o r k ... 217
315
N .Y , Co’n ty . 810
300
160
275

625
110

307
195
525

190
140
L80
135
150
225*

(*N ot listed,)

BANKS.
N Y. N a t.E x
N in t h ..........
1 9th W ard..
N. Araor.‘:a
O rie n ta l. ..
P a c ific ____
P a rk .............
P e o p le 's __
P h e n ix ........
P rod. E x.*..
R e p u b lic ,...
S e a b o a rd . ..
S econd.........
S ev en th ....
Slioe& L e’tb
S tateo fN .Y .
T h i r d ..........
T rad e sm 'n b
U nion Sq.*
U nio n ...........
U n d S tates
W e s te rn ...
W e st S id e ..

Bid. A sk
95
105
125
125

115

195
180*
250 2*60'
230
i'io*
100
114
135 150
170 174
425
100

90
105
103

97

110

i'75* 205

200

175
109
275

114*

THE CHRONICLE

A cgcst 29, 1896, j
BOSTON,

P U lL ilJ B L e tU A
'; 7

A c tiv e S to c k s .
1 I n d i c a t e s u n lis te d .
K W h. T . A 8 . F ^ ( B o s to n ) A O O
AU anU o A Fae.
“
100
B a lt i m o r e A O h io (K a U J .lQ O .
B a it. C it y P a sa ’ g e r “
251
B a lt i m o r e T r a c t i o n “
25 i
a » ! t « ! :i > r e T r a o 't i * 1P h i l,) . 25
B o s t o n A A lb a n y (B o s to n ). 1 0 0
100
B o s t o n A L o w e ll
B o s t o n A S ta tu e,
<■
100
C e n tr a l o f 'Ias,a .
P r e f e r r e d .. ____
“
to o
C e .B u r .A O a m .
(PA H ! iuO
0 Ho. s ill. % S t. P
"
50
O tto O. A G .vO f.t.O
LOO
0 * t. Bt B y .n l la d *
F o o h b a r g p i e f - .f B o s to n ). 100
L e t t is h V a f i e y . . ( P h i l o .) 5 0
M etro p o l l i ® r * c ,f
“
100
M e x ic a n C e n t ’ l ( B o s t o n ) . 1 0 0
S e w E n g la n d ____
100
P r e f e r r e d .............
'• , 1O0
s o r t h e r a C e n tr a l ( B a l . ) , 5 0
n o r t h e r n P a c i f ic ! r P h iia .jlO Q
P r e fe r re d ;
”
100
O ld C o l o n y . . . . (B o u to n ) 1 0 0
P e n n s y lv a n ia . . . ( P h i to J . 5 0
P h il. A !<• ... Suigd
<•
50
P h iU d e ip h T r u e .
"
50
U n io n P a c if ic . . . ( B o s t o n ; . 1 0 0
U n io n T r a c t i o n . . 5 0
H
i I » neon* S tock s,
A « i.S » K 'r R e t t a .l f B o t t o m ) ...
P r e f e r r e d ..........
B e ll T e l e p h o n e . .
••
100
S o r t ,A M o n ta n a .
"
25
B a s te A B o s t o n . .
*•
25
O t l u m e f A H e e l*
'*
25
j e o t m : C o ........... ( B o t h ) . 1 0 0
O o o w lW a te d O m
"
100
K le e .S to r . B * F y 1 K P * i l a . ) ,t 0 0
P re fe rre d «
**
100
E r ie T e !e p h o n .e .f B o s t o n ) . 10 0
S e n s r a l B i e e t tU .
“
100
P r e f e r r e d ..........
too
I ll i n o i s S t e e l . . . .
“
100
M M S S oa B toreB er
-•
50
L e lli'il C o a l A l i i v , ( p k U it .) 5 0
V. K . T « ! * p l o a # { B o tto m ). 1 0 0
P * . a « « , L . A P u w ( P h U a .)
( J t t ' t ' d I in J,."
W eu sb a eb L i g h t 's
“
W e s t B a d L a n d . . t B u tto n

••

too

•*

loo

S h a re

S a tu rd a y,
A u g . 22.

M onday,
A ug. 2 4

*10%

103*

10%

10 %

.........

i d 's

..........

16%

3 0 4 * " 20*4
204** 2 0 4
i0 3
2 0 3 H * . .. .. 803%
152
152
152
153

........ 2 0 3 %

T 53

153

56%
€3%
5

•85”
29
90%
•7

86
29
90%
7%

■*¥ s"
29
90
•7%

88%
29%
90
7%

"8*5% * 8 5 %
2 8 % 29%
8 9 % 89%
7
7

' .........

9%
9%
1 6 % 16%
■175
176
■1 7 5 " l i e
50% 50% 5 0 % 5 0 %
3% 3 A 3 H , s 3 1 % ,
63
63
63
63
•4%
5
'1 %
5
11% 11%
11% 11%
‘ 9%

103% 101%

37

97

199% 300
75% 75%

*1%

302

59%
64%
5

60

” *¥ *

--

302

BALTLHORE

104% 103%
*9 8
97
199
199%
74%
75%
*1%
...
304
301

0%
•13%
175
50
37lg
62%
*4%
11%

9%
1«%
175
5u%
3»(#
63 i
5%'
11%

W edn esday,
A u g . 26
9%,

STOCK

EXCHANGES,

P r ic e s ,

T h u rsd ay,
A u g. 27

F r id a y ,
A ug. 2 3 .

10 % 10 %

10%

19%
*%
*13
*1*2% " l 3 %
*60
‘ 15
*1 5
15%
13% *15%
15% 13%
15
15
15%
2 0 4 % 204 % 2 0 4
204
204
. . . . 2 0 3 % 2 0 1 % 2 0 1 % 2 J2%
'1 5 i
152
153 ; 152
152
•9
*50
57% 58%
53
53%
53
63% 64
63
63%
64
*4%
5
5
15
85
35%
S5%
85** 8*5%
27% 29% 2 8
4 8 % 29
S3
83
8 7 % 33%
80
7
7
7
7
7%
*33
;■” *’
•57
65
65
*65
9
B
9
9
*9%
• 1 5 % 18
•16%
*15% 16
175
175
171 <t 174% 171
49% 50
50
50
5 0%
31*,# 3 % ,
3%
3
3%
6
2
-*
0
2
%
6
2%
6 2 % 62%
• 4%
5
•1%
■*>
*1%
11
11 % 1 0 % 1 1 % ; H

101
10 4% ' 1 0 3 % 1 0 4 %
97
97
96
9*1
199
1 9 ) j 1 9 3 % 1:*8%
73% 71%
74% 7 1 L
U % -----•1%
....
304
'8 0 0
........ j 3 0 4

1*03’ e
3.1%
1*7%
73%
'1 %
304

*55

•57%
21%

. '6

33%

•2 4

00
43
16% .

*55
43
10%

*33% 39

94
104
63%

10%
63%

55

■*5*j“

56

*23
•55
•42%
*16%

33%
flO
4 1
17

*38

311

S3
10-%

93
io %

* '%
1%
* ' % ..........
• B td a n d a s k e d p r ic e * .

Bid,

* 5 7 % '"vT %
21% 21%

*58“

•23
*55

■'*'

to

23%
60
40

ua%

.........

33% 36%
10%

10%

63

63

* 1 % ........
n o s a le tva*

55
22%
*55
■36
17
•38
91
10

50**
23
*55
*3 7
*16%
•38
*01

56
23
60
40
i7
39
91

10 V

■ 1 % ..........

02%

90
254
, ! 45

50
( B a lt.) 50
5
138
240

G ot»*ol. T r a c t o f N .J .M P M t a .1 .1 0 0

40
10
HO
245

*57**
23%
60
42
17%
39
92

10

10

02%

0 .’ %

‘ 57

23%
25
56%
24
•55
39
*1 7
39
92

10 %
62%
*80

57 a

24
25
56%
21%
60
40
17%
34
02

1* 1%
•".*
to

'1 %
2
"1 %
t T r u s t r c e o lt p t s , 8 5 p a id .

B e a to n B o l t e d G a s , 2 4 m . 5 s . . 1 9 3 9 \
B lir i.A Mu. R i v e r K r e n o t 6 s , J & J ,
N o n - e x e m p t 6 a ,...........1 9 1 8 , J A J
P la t a - i f ................ .1910, J * J .

Ohio. B a rt.* s r o t . l . f 5,1026, AAO,

••

100
100

54“

I n a c tiv e s t o c k s .
.

$51

5 3 * j *57%

31%

10%
1
14
6 i.
15%
15%
204
202%
154
10
51
60
65%
5
15
35%
29
89
7%
33
60
66
9%
17%
17.3
50%
3 'v
63%
5%
n%

10 1 % ’ 104 % 105%
98%
96% 9 7
193 % 197 % 1 9 3
71%
74% 76%
n%
a
..........
304
300
304
'

59

iM i.lO f l

•*
••

IS
16
13% 13%
'2.>1 205

59%
t4 %
5

C h ic a g o A W < «t M lc-b .lB ftrte n ). 1 0 0

OoooecUeiil
P as* ..
C onnecticut R iver___

10 %

58%
63%
5

B o s t o n A P r o v i d e n c e (B o t t o m . 1 0 0
Camden & A t l a n t i c p!. i t h i t a . ) . 50
O s u a w iiv a ....... ...................
*•
50

l « p re fe rre d . . . . . . .
C entral G blo ____ ______

10

59%
64%
5

Inactive Stocks.
C h a rlo tte

T u esd ay,
A ug, 2 5 .

58%
63%
5

P r i e t t o f A <t<ju4i 2 3

A tlan ta *

AND

P r ic e s — n o t P e r C e n tu m

S49

• 2 d t o o n . 6 s ................ . .1 9 1 8 , J A D
.
D e b e n t u r e O n . .......... 1 8 0 6 , J * D >

i Chic. B u rl.* Quincy 4* 193.2, F*A
Iow a M vlalor. 4#___ 1919, A*U
j O fc l c .* W ,M i c h . g e n . 5a , 1 9 2 1 , J A D ,
; O n n e o l. o f V e r m o n t , 5 s . 1 9 1 3 , J * J l

B id ,

A sk .

S a le s
o f th e
W eak,
S h a res.
2 ,6 1 5

6
402
120

2
17
10 663
1 4 ,7 0 0
375
100

66

860
1 .4 0 7
570
5
320

100
24
3 ,7 8 4
6 ,5 2 5
2 .4 3 0
5 ,8 5 4

R a n g e o f s a le s In 1 8 9 6 .

Highest.

L ow est.
3 % A u g.
% Juae
IS
M ar.
60
J u ly
1 4 % A ug.
14% A u g.
200
A ug.
200
Aug.
149
A ug.
10
M ar.
5 2 % J u ly
53% A ug.
60
Aug.
4
A ug.
14% A u g .
84 % A ug,
2 7 % A ug.
78 % A u g.
6% A ug.
35
A ug.
.*5
Aug.
65
Aug.
% .May
9 % A p r.
173
A ug.
49% A ug.
1 % Jan.
57% A ug.
3
Jan.
9% A ug.

2 1 .1 7 5 9 5 % A u g . 8
1 1 7 9 2 % A u g . 10
403 195
J u ly 29
1 1 ,8 4 !
65
Jan.
7
1 % -Mar. 7
104 295
Jan.
3
04
J u n e 18
30 5 5 % J a n . 20
635 20
A ug. 10
100 2 2
A u g , .3
1 3 1 5 1 % A u g . 10
1 ,4 2 0 21
J u l y 16
10 0 5 0 J a n . 8
391 35
A u g . 10
10O 137# A U g. 12
3
6
g. 3
f f 8 7 % JAauil.
23
9
Jan.
7
847
334 5 8 % A u g. K
3 4 % J u l y 16
..........
1 % A u g . 10
S T r u s t m e .a ll in s till.

17% Feb.
•% F e b .
44% Jan.
70
Jan.
19% A p r.
19
A p r.
217
Jan.
209
June
171
F eb.
1 2 % M ar.
56
F eb,
8 2 % A p r.
7 9 7a J u n e
12% Jan .
30
Jau.
97
Feb.
38% Jau.
1 0 9 % .M ay
12'Jg F e b .
51
Jan,
85
Jau.
70
F eb.
,*9% A u g .
1 7 % .Mar.
179
M »y
54% A p r.
8 ti« Ju n e
72% M ay
10
A p r.
20
M ay
126%
105%
203
91%
13%
311
64
66
36%
38
63
30%
78
75
21
46%
96
15%
81%
67
2%
p a id .

24
24
27
2
16
17
28
l
19
10
28
24
17
2
2
10
30
25
24
28
28
14
17
9
8
23
16
5
21
18

A p r. 21
Jun e 12
Ju n e 18
Ju n e 15
J a n . 31
M ay 22
J u n e 18
A p r.
2
A p r. 15
A p r. 16
Jan . 31
M a r . 13
A p r. 14
A p r . 15
M ay
6
F eb. 8
J u ly 1 7
Ju n e 15
Jan, 2
F e b . 17
F eb . 14

Bond*,

Btd.

A *».

P e o p le ’s IT.*,', t r u t t c e r t s . 4 s . . 1 3 4 3
P s r k lo m e n , 1 s t * o r . , 5 » . 1 9 l 8 , Q —J
PIM la-A E rie g u n . M . 5 g „ l 3 2 0 , A A O
O e u . in o r t ., 4 g ............ 1 9 2 0 , A A O

91~

*92

‘ P a lin A Read, now 4 g„ 1958, JdeJ
1 st p ref. Income,® g, 1958, F eb 1
! 2d prof. Incom e, 5 g, 1058, Fob. 1
3d p ro f.In c o m e ,5 g , 1988,F eb. 1
J (l, 5».. . . . . . . . . . . . . . , . 1 9 3 8 , AAO
O d u s o l. in e r t . 7 s ____ . 1 0 1 1 , J A D
C o n s o l, m a r t . 6 g . ...... 1 9 1 1 , J A D
I m p r o v e m e n t M .8 g . , 1 8 9 7 , A A O
O o n . M .,5 g . ,« t » m p a d , 1 9 2 2 , M A N
T e n o t o a l 5 s , g ___ . 1 9 4 1 . Q ,— F .
P h il, W tlro. A B a it ., 4 s . 1 9 1 7 , A A O
.P itta , a * Bt. 1.., 7 S . . .. 1 9 O 0 , F * A
Ib H 'h e » t« r R a il w a y , c o n . A s . . 1 9 3 0
S c h u y L K .B ,8 1 d e ,l» t 5 g . l 9 3 5 , J A D
U n io n T e r m in a l 1 s t 5 s ____ _ F.tt A

101
115

"7 *r

103
72

1 3 0 I...........
...........j 1 2 6

........ 1 6 3 i C irr-iit Ktvcf, !-•, i s . .19*7,A&O!
'.1 1 7 .'. 1 0 3 %
1 0 % 11
D e t . L a n a .A B i .r 'n M. 7 » . 1 9 0 7 , J * J ‘ W
........ 1100%
3
n0
o ; 3, o4 i ; E a s te r n 1 s t m a r ; 6 g . l 6 0 6 , « A S . 1 1 9
t,
10
........ h % e J B k , A I € . V . , l « * , « s . l 9 * * , e n d ., ,1 2 6
U
1 0 ;%
59
.........
C u . u m p e d , i m . O s . 1 S 3 S .............. 1 2 0
It
1 0 6 ' ..........
R u n t. A B ro a d T o p ...
"
5 0 ........
2 7 K .O .e .A B p r t ! ! « ..la t .5 * ..1 9 2 S ,A < i O J 0 0
! 7
........ 100
P re fe r r e d ...........
•*
50 4 9
5 0 S 0 . F ,8 . A M . 0 o a . 6 s , 1 9 2 8 , M A N ,; 8 0
!«
1 0 1 % 103
K a n . C y l t d . A M e n ,.(J S o s to m .1 0 0
A
10
g , C . M e m . A B l r .,l * t ,2 s ,V * 2 7 . M *H * 5 0
f
..
j 0 . A o . B . , 7 a . , 1 9 0 7 ,________
J . t j ! } i 2. i
P re fe rre d ....................
" 100 3 5
m
K -g
......... j .........
U S tie t t a h u r lk lH ..I P M l -t >. 5 0
61
U Ito'
0 5, J,J, V* ,!
b - kk ** FFt
t »
« ..,J
, l *jr
t ,t,7
7 « .».1..I
9 09 .5
H 55 770
0
A
t l ! » i » ^ b 0 .......... 1 1 6 %
M a tte C e n tr a l. .......... t B u t t o n ) . 1.00
B a lt iiu o r e B o lt , 1 s t , 5 s . 1 9 9 0 , M A N
......... D K i > s . , e v . * 8 t . U , l « t , 6 g . l 9 a e , A * 0 StOO
8 0 ! 81
M in e B i d * S .H a r « D « f P h t fa .) 5 0
t4
2 m . , 5 —6 g ...................... 1 9 3 6 , .V * 0 1 8 3
B » l t . a P a s s . 1st 8 s . . l « l 1 , M A N 1 1 3
1*4
N esu n eh o o ltig V ai...
••
50
54
•**; M '*r.* H
**•, *** O* 1*0.,
%/■l* l tj J
u t ., *
6.*fsS....
........-1A
9iy.sfc
2 5V
.yA A O j/ tlO
B a lt. T r a c t i o n , 1st 5 s . . 1 9 2 9 , M AN 10 6
108
F o rth A m e r ic a n V o ..
*•
100
' an —
| J--------1
3 % ___ ,-i M ee x ic
C e n t r a l , 4 g . . . 15)1.1,
* J ; 5 “6 3 % 0 4 % '
E x tu n , A im p t. 6 s , . . , l o o t , M A S 1 0 1
104%
■ o r t h P e n n s y lv a n ia .
“
50,
81
5.3
12
S o . H alt. I X v .,
...1 U 4 J. J.VT! 1 0 5 % 1 0 0 %
m c s * n * o l.l n o o n j * '. 2 g , n o n s . 'a m S l l
O r.B h . L in e 3 d a a s t.n d f B oston ; . 100
12
10
2d .-«Ti»ol. ln o o m e # . 3 a . o o a siu m 1 5
8 i B a lt im o r e * O h io l g „ 1 9 3 5 , A A O 1 0 0 I .........
P e n n sy lv a n ia * N .W . (P o tto .) , 60
X . V , A B .J B n » „ 1 « t , 7 a , 1 9 0 5 , J * . l '* 1 1 5
117%
P itta . A * > m n „ 5 g . ..1 9 2 .5 , F A A
P b iia d e l. * E r i e ...........
••
50
l * t l o o r t . 8 * ............. . . . 1 9 0 S , J A f * 1 10
111
a ta te n I s la n d ,3 d , 5 g .1 9 3 6 , J A J
K»>1
d ................. ( b o tto m )
100
1
2
O srdea . A L .C . , C o t t . 0 » . . . l « 2 O , A & O 6 7 6 ! 7 6 % 8 a i . * 0 m o 8 . W . , l s t , l % g . l 9 9 O , J * J
P re fe rre d ........................
"
lo o
68
70
l i t o . e s ........................
. . . . . . 1 9 2 0 1 ..........
15
C a » e F .* V h r t ., 8 e T . A . .a g .l » l « , J A D
8 an th e m ...................... ( B n l t . t . x m
P.u Stand, H t , 6 s ............ 1 9 0 2 , M A S { -.19 % 1 0 0 %
9 t r i V ) B . , 0 t t ------- --------1 9 1 6 , J A U
P re fe rre d . . . .
lo o
2 d . 5 s ................................1 8 9 8 . F * A * 8 9
91
S e r ie s a , 6 g . . . . . . . . 1 9 1 6 , 8 * 0
W est Kn 1 .........
... ( B o t t o m ) , s o ; * 6 5
*65%
C e n t. O h io , 4 % g .............. 1 0 3 0 , M A P
P re fe rre d
50:
87 : 88
A U ,itP !o nt o * y l ? t hi r t g . f 1 ^ U * M * B • 1 0 0 % 1 0 3
i-e n t. P a ss ., 1 s t 5 s . ., .1 . 9 3 2 , M A N 106 I...... .
U n ite d C o a o f K. J . . < 'B A ita ./.1 0 0 2 3 3
. . . . . . ! B u ffa lo B y . c o n . 1 s t , 5 a . .......... 193 1
................ ..
Oit> * S u b ., 1st 8 s . .........1 9 2 2 . J A D
1 0 7 % 108
W est j e r s e y
50 ....
6 0 \ U M A W iM a , M . , 7 » ..........I 9 6 0 , F * A
1 0 4 % C h u r l. O o l . A A u g .e x t . 5 s . 1 9 1 0 , J A J
W e»i j ersey A A t in s .
3•0V >
c. V
O *k1ie» -. »■
* W
G Uit,
o l f , p r io r u
Mpen
s, C
I rkl ioW
a 6 * . .:. »**«•»
UBfc
fWm
IiV
H ws..i1S9l1i 7f,, J & l 100
- . 1iMXri
07
I.ML aA W
(im
t .,,, l i t i5-O
to t
W e s te rn X V . & P e n n
"
100
1%
2 % tlrtJWMis’ S t ,R jr .o f lad .,e> 0n .5«. 1 9 3 3
........ ! ............ ( 4 » .C u r . A N o r . 1 s t 5 g . . l 9 2 9 , J A J
67 I 72
Ss! fC.iollu
iim
P yf „ 1
rms.. 1
19
03
42
0
W ie co n stn C 'e n i r a i...f B b » t o « > .100
1%
11%
r nhb . Hit
«t, R
1 satt . cc oo no . O
.......... 'GTeLo.n
r ge,ri.,
i a PD
a n,.„
.. 1 s1 t 5 ^ # . . . 1 9l o2 d2 o, J AI a
J. I 1 0 2
108
P r e f e r r e d — ...........
*•
1 0 0 ...........j.
COiUHib. O . C r o s s te w m , l s t ,5 » .1 9 3 3
N o r t h . C e n t. 6 s ............................. 1 9 0 0 , J A1J0 7 % ..........
W n r c 'e A .V M b .A K o o h .
“
100 113
118
U e n s o l. T r a c t , o f N. J ., l s t ,5 # ,1 0 8 8
78
6 s .......................
1 9 0 4 , J A J 1 1 0 I ........
MlS0KU.JlSt.OITS.
D e l. A B'*l B r 'W .i - , 7 s 1 0 0 5 ,F A A 120
111
113
8 « i « A . 5 a ......... _ . . . . 1 9 2 6 , J A J
A B o u * t M b ,'g ,.H # «tp < ifB o «to > i;. 2 5
1 92 0, M AN . .. ..
%
% E u s v tn A A in. 1
1925, AAO
4 % a .....................
4Mantle M ining.........
’*
25 1 5 % 15% E le c . A P e o p le 's T r a e . s t o c k , tr. o t fs 6 8
6 6 % 1‘ l e d ia .A C o m . , 1 s t , 8 g . 1 0 1 1 , F A A 100
.. . . .
S a y k t a t e G a s f .........
“
50
7%
7 % : E lm ir . A W lto s ., 1 s t , 6 a . 1 9 1 0 , J A J . ! 1 2 0
........... P it t s . A C o n n e ll* . J s t f s . 1 8 3 8 , J A J 102
104
B oston L a n d . . . . . . . . .
•*
10
M*,
5 s ..1 9 2 4 -109
- - - 110%
- J3%
4
itoatheru, 1 s t 8 s . .............1------0 9 4 ,JA
8 0 i 81
.
O n t e n n l u l M i n i n g .. .
•*
10 •15
25
H u n t . A f ir 'd T o p ,C o n ,S # .'9 5 ,A A O
.................. V ir g in ia Mid,, 1st ( i s . . . 1 9 0 6 . M A h
F o r t W a y n e E le c t .ff..
L e h ig h 5 H v . 4 % « ............ 1 9 1 4 , Q ~ ) 10 J
2
1%
.........; 3d Buries. 6 b........... ....1 9 1 1 W.IO
F ranilU t M ining.......
8 %' 6 %
2 d 6 ? , g o l d ............ . . . . . 1 8 8 7 . J A D
102% 103
3d Berio*, 6 s . . . .............. 191 , MAP
F rsn ch to ’r.'s Bay i.’d .
5
% G e n e r a l i a o r '. 4 % s , g . 1 9 2 4 , 0 — F- .......... 1 0 1
Uh
3 4 -5 * .......... 1 9 2 1 , MA S
K e»r»arge M ining__
25
Lebta-U V
3 J AiHJ
9 3 1104
9 ** 10
. u. l.C
A omttl. i1st
. . ,5 .- i4. g. ..l 9
n 3W
05
96
5 th s e r in s , 5 s .................... 1 9 2 0 , M AS
Oaeeota M in in g .......
25
2 4 % L e h ig h V alley, 1 s t 6S ...1398, J A D ! 1 0 4
2-1
100 tin
..... W « tV »
1 s t ,6 g . 1 9 1 1 ,JA J
Pullm an P alace C ar,
100 139 141
2 d 7 » .............................1910, MAS . . . . . . 130
W est’E S .C . OonsoL 6 g. 1914, JA J 102 1 0 l
F en n sfly ao b i S te e l.. (PAfld.1.100 20 i . . „
C o n s u l’ . 6" .......... ............ 1 9 2 3 , J A D
. . h w u t n . O o L A A l t * , , 6H ..1910, J A P
P re ta rred r .....................
“
100
40
...
N ew ark Passetup r. oon, 5*.,.1030
1 0 0 !;
k m c e w -a n e o o s
Q nteey M Jeing___ . J B o ttr m ) . 25 1 0 4 1 0 5
N orth Ten!!, 1 st, t *-----1936, M « 8 103% ....... BalU m ore W a t e r 5 a ... 1916, MAN
Tam arack M lnteg___
•*
25 7 0
71% O en. M " , ...............................1903, JA J
'
’ F u n d in g 5 s --------- -------- 1 9 1 6 , MEAN
W ater P o w e r ............
100
1
P a t e r s o n H a llw a y , c o n s o l .
B x o h a n g e 3 % s ...............19 3 0 , J A J
W*stingii. Elec. A M „
60
60
25
2 6 j P e n n s y lv a n ia x e u b n , r , . l 9 1 0 , V a t
V i r g i n ia (S t a t e ) 3 a , n e w . 1 9 3 2 , J A J
P*ef., c u m u la tiv e .
50
56
49
50 ' Consol. 6s, 0
1905, Var
F u n d e d d e b t , 2 - 3 » .......1 9 9 1 , J A J
102 10.8
Consol. 5 * . r . . .............................1
C h e s a p e s K e O a s 6 s ........1 9 0 0 , J A f )
i&t 9v1 9 , Y a r
A A ^ i 6 . W e r aU . * , , l 895 1 7 2 % 7 3
g ............ 1 9 1 3 . J," ~
.C o n s o l, G a s , >----- — ------ !9 U ),.T V i>
A dju stm en t e , s 8> 1 9 9 5 ................ § 3 0 % 31 : P aC. 0AU aNt..TVr. . C4 %
100 %
a n a ),7 s ...
• 6,
5 S ....................... .............. . 1 9 3 9 ,, T A J 10 0
e j '* g
K n u lt a b ie G u e .R e ____ 1 0 1 v * x . .
> m « 1!totted O a * 1 s t 8 » ..................
7 8 % 7 6 i O o n . Be................ ...........1 0 4 0 1 * * n

D.- a w a re * Bound B r.
100
H a rd — (B esto m .J O O
P re fe rre d .....................
•• 100
H estonvtite !•«*#«<i*. ( P h ila ,) . 50
P referred f ....... .
“
50
F lin t A P e r n

......1......

•Priceiaoiudes ovardae ooopon*.

1 Unlisted.

} Aafiaoeruod iaterett.

[VOL. L X III.
THE CHRONICLE.
___________________________________________________________

350

N E W Y O ltK STOCK. E X C H A N G E P R IC E S (C o n t in a e d )— -4 0 T 1 YE
R a il r o a d and
Miscellaneous B onds .

0 losin g R ange (s a lts ) in 1 8 9 6
I n fs l
P ric e
H ighest.
Lowest.
P eriod'A .ng. 28.

BONDI AUCf

R ailro a d and
M iscellaneous B onds .

AS

AND FOR YEAR

1896.

Itange (sa les ) in 1 8 9 6
Int’st Closin'/
P r ic e
P e r io d A u g . 28.
Low est.
H igh est.

111% J a n .
78
M. K. <fe T e x a s .—1 s t, 4 s, g .1 9 9 0 J A D
75% A ug. 8 7 F e b .
49%
72 F eb .
2 d ,4 s , g .................................1 9 9 0 F A A
4 4 A ug. 63 % Fehb
M o. P a o .—1 s t , c o n ., 6 g ....... 1 9 2 0 M A N
81% F e b .
78 b. 7 8 J u l y
97 J a n .
3d, 7 s ......................................1 9 0 6 M A N *99 :i. LOO M ay 112 J a n .
51% Feb.
127 F eb .
P a o . of M o.—l e t , e x ., 4 g . 1938 F & A 109 b. LOO A ug. 104% J u n e
2 d e x t. 5 s ......................... 1938 J & J
50 A pr
LOO A ug. 106 A p r,
97*3b. 95 A ug. 102% J a n .
S t . L . A I r . M t .l s t e x t ., 5 s . l 8 9 7 F A A
117% M ay
96 b. 97% A ug. 103% A p r.
2d , 7 g .................................1 897 M A N
102 J a n .
100% J a n
95 b. 99 % J u l y 1 0 2 % May
C a iro A rk . & T e x a s, 7 g .l8 9 7 J & D
68
101 M ay
68 J u ly
81% M a r
G en. R ’y A l a n d g r.,5 g . 1 9 3 1 4- & O
110% J u n e M o b ile A O h io —N e w 6 g ... 1 9 2 7 J & D 111 b. L13 A ug. 120% M ay
61
G e n e r a l m o rtg a g e , 4s
1938 M & 8
107 F eb .
5 6 A u g . 68% F e b .
110% M ar. N a sh . Oil. A S t.L .—1 s t , 7 s . .1 9 1 3 J & J 127 a. L27 F e b . 13 2 J u n e
C o n so l., 5 g ........................... 1928 A A O
93 a. 93 J u l y 10 2 F e b
120 A p r.
1 2 0 J u n e N . Y. C e n tra l—D e b te x t.4 s .1 9 0 5 M A N 102 a.
103% A p r
113
1 st, o o u p o n , 7 s ...................1 9 0 3 J A J
b.
106 F e b .
120% M a r
D e b e n .,5 e , c o u p ., 1 8 8 4 ..1 9 0 4 M A S 103 b.
92% M ar.
109 F e b .
N . Y. A H a rle m , 7s, r e g .,1 9 0 0 M & N i n
a.
114% M ar.
111% J u n e
R .W . A O gd., c o n so ls, 5 s. 1922 A A O
1 0 4 M ay
119% F eb.
W e s t S h o re, g u a r ., 4 s ___2 3 6 1 J & J 102
119 J u ly
107% J u n e
118 J u n e N. Y. O lio . A S t. L .—4 g . .. 1937 A A O 100 b. 99% A ug. 105 F e b
N .Y . L a c k . A W —1 s t, 6 s . .1 9 2 1 J A J 125% h.
111% A p r.
133% J u n e
C o n s tr u c tio n , 5 s................1 923 F A A 113 b.
78% F eb .
1 15 J u n e
97% J u n e N .Y .L .E .A W .—1 s t,c o n .,7 g . 1 9 2 0 M A S 130 b.
140 Feb.
L o n g D o c k , c o n so l., 6 g .1 9 3 5 A A O 128 b.
88 J u n e
131% A p r.
N .Y . N. H . A H .—Con. d e b . otfe. A A O 128 a.
102% F e b .
137 F eb.
8 2 13b. 82 J u lv
120 J u n e N .Y . O nt. & W.—R ef. 4s, g .1 9 9 2 M A S
93% F eb.
C o n so l., 1 s t, 5s, g ...........'.1 9 3 9 J & D 102% b. L02 J u ly 1 1 0 F e b .
101% A p r.
91*2b. 9 0 J u l y 100 J a n .
104% Feb.
N .Y .S u s.A W .ls tr e f .,5 s , g .1 9 3 7 J A J
M id la n d o f N. J ., 6 s, g . . . 1 91 0 A A O 105 b. L13% M ay 118 M ar.
95% J u n e
N o rf.A W .—1 0 0 -y e a r, 5 s ,g . 1 9 9 0 J A J
91% Feb.
60 J a u .
67 F eb.
N o. P a c ific —1 s t, c oup. 6 g . 1921 J A J 112 a.
118% J a n .
118 M ar.
D o. J . P . M. A Go. c e r t f s ........ - - - - - 117% M ay
114% J u n e
G e n e ra l, 2d , o o u p ., 6 g _ .1 9 3 3 A A O *105 a.!
127 J u n e
1115% J ’n e
G e n e ra l, 3 d , o o u p ., 6 g . . l 9 3 7 J & D *63 a.
102% A p r.
82% M ar,
C o n so l, m o rtg a g e , 5 g . . . 1 989 J . A D
3913 b.! 31% J a u . 1 51% A p r
112 F eb .
93% F eb .
9 4 A pr.
Col. t r u s t g o ld n o te s , 6 s . 1898 M A N * 8 0 b .1 76 % J a u .
C hic. & N . P a o ., 1 s t, 5 g ..l9 4 0 A A O *37% a.
132% J u n e
148% A p r.
S eat. L . 8. A E ., ls t.,g u .6 .1 9 3 1 F A A
30 b.
118 M ay
144% F e b .
118% J u n e N o. P a o . & M o n t.— 6 g ........ 1 9 3 8 M A S *2 8 b.
t3 9 % A p r.
No. P a c ifio T e r. Co—6 g __ 1938 J A J
99 b. 99% A ug. 109% J u n e
115% J u n e
111 J u n e O hio A M iss.—C on.s.f., 7 S .1 8 9 8 J A J
LOO A ug. 104% M ay
112% M ar. O hio S o u th e rn —1 s t, 6 g . .. 1921 J & D 75 b. 70% J u l y
94% F e b .
G e n e r a l m o rtg a g e , 4 g .,1 9 2 1 M & N
114 J u n e
15 b. 2 5 J a u .
3 5 F eb.
98 J u n e O re g o n lm p r.C o .—I s t 6 g . . l 9 1 0 J & D
75
75 J u ly
91% J a n .
C onsol., 5 g ....................... 1 9 3 9 A A O
8% b.
119 M ay
36 J a n .
141 J a n .
O re .R .A N av. C o.—1 st, 6 g .l 9 0 9 J A J 105 b.
112% J u u e
C onsol., 5 g ........................ 1925 J A D * 83 %b.
120 M ay
f 98 F e b .
116 M ar. P e n n . Co. -4% g, c o u p ....... 1 9 2 1 J A J 106 b.
113% J u n e
P .C ,C .& S t.L .,co n . g u 4 % .1942
Ill
M ar.
112% F e b .
111% A p r.
P e o . Deo. A E v a n s v .—6 g . 1920 J & J
98 b. 98 % J u ly 102 M ar.
E v a n s . D iv isio n , 6 g ........ 1 9 2 0 M A S 102 a. L01 M ar. 101 M ar.
107 A p r.
2 d m o rta g e , 5 g ..................1926 M A N
102% A pr.
2 6 M ar. 3 1 F e b .
130 J u ne P h ila . A R e a d .—G e n ., 4 g . . 1 9 5 8 J A J
6 7 A u g . 180% J u n e
71
l s t p f . i n e . , 5 g , 2 d ln s t. p<L’5 8 ............
24%
106 J u n e
18% J a n . t3 6 % J a n .
2 d p f.in o ., 5 g., 2 d i n s t . p d .’5 8 ............
97% F eb.
11%
5% J a n . t2 2 % J a n .
3 d p f .m c ., 5 g., 2 d in s t. p d .’5 8 .............t
129 M ay
9%
3% J an.
20% J u n e
A J
P it ts b u r g A W e s te rn —4 g . 1 9 1 7
118% F e b .
65%
64 A ug. 77 Ja n .
A J
R io G r. W e s te rn —1 s t 4 g . . 1939
90 Ja n .
65 b. 6 3 A u g . 77% F e b .
38
151 J a n .
107% M ar. St. J o . & G r. I s la n d —6 g .,1 9 2 5 M A N
St. L. A S a n F r .— 6 g, CL B . 1906 M A N 109 b.
134% M ay
117% A p r.
6 g., C la ss C ......................... 1906 M A N 109 b.
127 M ay
118 A pe,
G e n e ra l m o rtg a g e , 6 g . . l 9 3 1 J A J
80 J a n .
99*2b.
1 14 J u n e
C ons. g u a r. 4 s, g ................ 1990 A A O
23 J a n .
38 M a r
23 M ay
S t. L. A So. W .—1 s t, i s , g .1 9 8 9 M A N
100 J a n ,
66 a. 60 % A ug. 7 6 F e b .
2d , 4s, g., i n c o m e - . . . ___1989 J A J
115% J u ly
25 a. 23% A u g . 3 2 F e b .
S t.P .M . A M .—D a k .E x .,6 g . 1910 M A N 112 b. 113% A ug. 121% M ar.
90 Feb.
1 s t c o n so l., 6 g ....................1933 J A J *118% a. 117 J a n . 124% J u n e
90 A pr.
“
r e d u o e d to 4% g . . J A J 10413a. LOO A ug. 106 J u n e
114 A pr.
M o n ta n a e x te n s io n , 4 g .1 9 3 7 J A D
8 6 b. 84 % J u u e 8 9 F e b ,
92 M ay
98% J u n e S a n . A n t. A A. P .—ls t ,4 g . ,g u . ’43 J A J
48 b. 45 A ug. 5 9 F eb.
9 7 A p r.
105% J u u e So. C ar. A G a .—1 s t, 5 g . . . 1919 M A N
93 Ja n .
So. P a c ific , A rlz .—6 g . . . 1909-10 J A J
95% Feb.
93 A ug. 9 7 F e b .
93
So. Paoiflo, G al .— 6 g . . . 1905-12 A A O 107%
67 A pr.
L07 A p r. 11 2 J u l y
1 s t c o n so l., g o ld , 5 g ........1937 A A O 86 b. 87% A ug. 92% A p r.
170% F eb.
So. P a c ific , N . M .— 6 g ........ 1911 J A J 100 b. L01% J a n . 1 06 F e b .
93 J a u .
S o u th e rn —1 s t e o n s, g, 5 s . 1 9 9 4 J A J
93% F eb.
7 6 A u g . 94% J u n e
81
E . T e n n . r e o rg . lie n 4 -5 s. 1938 M A S
93% F e b .
7 1 A p r.
9 0 M ar.
E .T . V. A G .—1 s t,7 g , .. . 1 9 0 0 J A J
111% J u n e
102 F eb .
1035a j u iy
C on. 5 g ..............................1956 M A N 101 b.
109% A p r
G e o rg ia P a o . I s t5 - 6 s , g .,1 9 2 2 J A J
118% A pr.
11 4 J a n .
K n o x v . A O hio 1 s t 6 s ,g . . 1925 J A J 110 a.
11 6 M ay
77% F e b .
R ic h . A D a n v . oon. 6 s ,g ..1915 J A J 11234 b.
121% Ju n e
98 M ay
W e s t.N o .O a rls to o n . 6 s ,g 1 914 J A J 100 b.
11 4 A p r.
71 J a n .
T e n n . 0 .1 . A R y —T en. D .l s t , 6 g A A O 71 a. 8 9 J a n .
93 F eb.
96 J a n .
B irm in g h a m D iv ., 6 g . . . 1917 J A J
95 Feb.
78 a. 8 0 J u l y
117 % J u n e
T e x a s A P a e lflo —1 s t, 5 g . . 2 0 0 0 J A D
115 J a n .
76 b. 73 A ug. 91 A p r.
2 d , in c o m e , 5 g .................. 2 0 0 0 M a rc h
14%
120*3 M ar.
13% A u g . 24% F e b . |
T o led o A O hio C e n t.—5 g . .1 9 3 5 J A J 105
115% J u ly
105 A u g . 1 09% J u n e
Tol. S t.L . A lla n . C — 6 g . ..1 9 1 6 J A D
70 a. 16 2 % A ug. 1 7 7 F e b .
1 2 0 F eb .
U n io n P a c ific —6 g .................1898 J A J
M ay
98 J a n .
9313 b. 1 00 A u g . 10 7
E x t . s in k in g fu n d , 8 .........1899 M A S
108% M ar.
7 3 a. 77 % A ug. 9 7 % F e b .
C o lla te ra l tr u s t , 4% .........1 9 1 8 M A N
119 F e b .
4 8 M ay t 54% F e b .
G o ld 6 s, ool. t r u s t u o te s. 1894 F A A 95 a. 91% M ay
102% M ay
93 J a n .
K a n . P a o .- D e n .D iv .,6 g - 1 8 9 9 M A N
117% A p r.
1 06 J a n . 111% J u ly
1 s t oonsoL , 8 g ................1919 M A N f 6 0
80% F eb .
t5 6 % A ug. 177% F e b .
O re g o n S h o rt L in e —6 g . 1922 F A A M 02
114 J u n e
1100 J a m 115 A p r.
O r.R L .A U t’hN .—C o n .,5 g l9 1 9 A A O t 5 4 p. 148
103 F eb.
J u ly 1 7 0 F e b .
U .P .D e n .A G u lf,o o n .,o g .1 9 3 9 J A DD 26%
99 % M ar.
40 % A p r.
26 J u ly
120% J u n e U . S. C o rd .—1 s t ool., 6 g . . . 1 9 2 4 J A J 1 15
114 A ug. 136% F e b .
V irg in ia M id.—G en.M ., 5S.1936 M A NN
8 5 b. 9 5 J u l y 105 A p r
108 A pr.
W ab a sh — 1 st, 5 g
............1 9 3 9 M
M AA NN 1 0 1 %
119 J a n .
9 9 A ug. 109 A pr.
2 d m o rtg a g e , 5 g ........— 1 9 3 9 FF A
A AA 6 7 h. 61% A ug. 77% F e b .
108% F eb.
W e st N . Y . A P a .—1 st, 5 g . l 9 3 7 J A J 100
132% A p r.
1 0 0 Aug. 108% M ay
G en. 2-3-4s, g o ld ..............1 9 4 3 ;A A O
3 6 b. 33 Aug. 49% F e b .
115% M ay
W est.U n .T e l.—Col. t r . 5 s . . l 9 3 8 |J A J *103 a. 1 01 A ug. 1 08% J u n e l
103% A pr.
9 4 Feb. W ise. C e n t. Oo. 1 s t 5 g ........19371J A J j t 28
11 25 A ug. 146 F e b
N o t e .—“ b ” in d ic a te s p rio e b id ; “ a ” p rle e a sk ed ; tb e r a n g e is m a d e u p fr o m a c t u a l s a le s o n ly .
* L a te s t p r io e tb ia w e ek ,
t T r u s t r e c e i p ts . B

103 0. 102 % A ug.
A rner. C o tto n O il, dob., 8 g .l9 0 0
63 A ug.
61J*
A n n A rb o r.—1 s t, 4 s, g . - ; --} 2 § 5
727,j
A
&
O
68% A u g .
A t.T . <fcS.F.—New gen.
31%
N ov.
28% A u g
A d ju s tm e n t 4 a ...........
C ol. M id la n d —C o n s.,4 g . 1940 F A A tl8 % a , 119% J u ly
35 b. 4 0 M ar.
A tl. & P a e .—G u a r. 4 s ........1937
B ’w a y & 7 th A v .-l8 t.c o n .g .5 s ’43 J & D 110%b. 109% A ug.
76 J u ly
B ro o k ly n E lev . 1 s t, 6 g . . . . 1924 A Js O 78
7 6 a. 75 J u iy
U nio n E le v a te d .—G g ....l9 3 7 M & N
B ’k ly n W b rf& W .H —ls t,5 a ,g /4 5 F & A 91 b. 9 0 A ug.
105 A ug.
C a n a d a S o u th e rn .—1 st, 5 a ,1908 J & J 105
2 d , 5a...................................... 1913 M St S *100 b. 100 J u ly
103%
b.
Q—J
103% A ug.
C e n tra l of N. J.—C o ns.,7a, 1899
115% Feb.
C onsol.. 7 s ........................... 1902 M & N
111%
1
10 A ug
J
&
J
G e n e ra l m o rtg a g e , 5 g . .. 1987
102
1 0 2 J u ly
L eh.J: W. B .,o o n .,7 s,as’d . 1900
9 0 A pr.
“
m o r tg a g e 5 s .l9 1 2
108 A ug.
A m . D ock & Im p ., 5 s ---- 1921 J & J 110
C e n tra l P a c ific .—G o ld , 6 s . 1898 J & J 100 a. 99% J a n .
115% A p r.
C hes. A O h io —S er. A, 6 g ..l9 0 8 A & O
M o rtg ag e, 6 g ......................1911 A & O 113 i>. 114% A p r.
Is to o n s o l., 5 g.....................1939 M & N 101 b. 100 J u ly
65 A ug.
G e n e ra l l^ ss, g ................... 1992 M * 8 06
92%
9 0 A ug.
R .& A .D iv ., ls to o n ., 4 g .l9 8 9 J & J
a.
80
J
&
J
7
5 A ug.
41
2 d co n . 4 g ..l 9 8 9
98 a. 95 A nn.
E liz. L ex. & B ig. S a n .,5 g .1 9 0 2 M A S
J
&
J
110%
A ug.
111*3
Ohio. B u rl. & Q —C on. 7 8 .1 9 0 3
85 J u ly
D e b e n tu r e , 5 s......................1913 M & N 90
b.
93
M
St
S
9
3
A ug.
C o n v e rtib le 5 s .................... 1903
D e n v e r D iv isio n 4 s ..........1922 F & A 87% b. 87% A ug.
M
&
N
8
4
80
A
ug.
N e b ra s k a E x te n s io n , 4s. 1927
H a n . A S t. J o s .—C o ns.6s.1911 M A S 'H 3 % a . 111 A ug.
J
&
D
'
l
l
l
i
o
a
.
110
A
ug.
C hic. & E. 111.—1st, 8. f. 6 a .l9 0 7
ConsoL 6 g ...........................1 9 3 4 A & O 118 b. 118 A ug.
M
A
N
96*2a.
98
J
u
ly
G e n e ra l c o n so l., 1 s t 5 s .. 1937
103 *3b. 101% A ug.
CHLoago A E ric .—1st, 5 g --1 9 3 2
S0*3b.
86
A
ug.
C hic. G a s L. A O.—1 s t, 5 g . . 1937
119 b. 119 A ug
C hic. M il.A St. F .—C o n .7 s. 1905
101 b. 106 A ug.
1 s t, S o u th w e s t D iv ., 6 a. .1 9 0 9
109 b. 110% A ug.
1 st, So. M inn. D iv., 6 s . .1 9 1 0
a. 108 A ug.
*109
1 st,C h. A P a c . W . D iv .5 a .. 1921
A
100 b. 102% A ug.
Chic. & Mo. liiv .D iv .,5 8 .. 1926
a. 103 A ug.
*109
&
W ise. A M inn., D iv , 5 g .. .l 9 2 1
105 b. 105 A ug.
A
T e rm in a l, 5 g ............. - ....1 9 1 4
A
91*3
91% Aug.
G en. M ., 4 g ., s e rie s A ___1989
115% J a n .
Mil. & N o r.—i8 t,o o n .,6 s. 1913 J A D
Ohio. A N. W.—C onsol., 7 s . 1915 Q—F 131*4 129% A ug.
C oupon, g o ld , 7 a ................ 1902 J A D <115% b. 115 Aug.
S in k in g fu n d , 6 a ................1929 A & O *107% b. 106% A ug.
S in k in g fu n d . 5 s ................ 1929 A & O 105 b. 104% A ug.
S in k in g fu n d , d e b e n ., 5 s . 1933 M A N 10-4 b. 105 A ug.
2 5 -y e a r d e b e n tu re , 5 3 ...1 9 0 9 M & N 104*3a. 103 J a n .
98 b. 99% J u ly
E x te n s io n , 4 s ......................1926 F & A
C hic. R .I. A P a c .—6 a ,c o u p .1917 J & J 119 b. 119% A ug.
J
&
J
94% A ug.
E x te n s io n a n d col., 5 s . . . 1934
96*3
88% b. 89% A ug.
3 0 -y e a r d e b e n t u r e ,5 a ... 1921 M A S
Chic. S t. P. M. A O . - 6 s . . . 1930 J & D 116 b. 117 J u ly
C hic.& W .In d .—G en .,g .,6 a .1 9 3 2 Q - M *113 a. 115 J u ly
C le v e la n d & C a n to n .—5 s . .1 9 1 7 J A J 1 80 a. 17 0 A ug.
Clev. L or. A W heeL—5 s . . . 1933 A & O
102 A u g .
C. C. C. A I .—C onsol. 7 g ...1 9 1 4 J & D
119 J a u .
G e n e r a l c o n so l., 6 g ..........1934 J & J 1 2 4 a. 125 M ay
C.C.C & S t.L .—Peo.AJE.,4a. 1940 A & O 64 b. 60 A ug.
10% b 10 A ug.
In c o m e , 4 s ........................... 1990 A pril.
95 b. 9 4% J a n .
Col. C oal & Ir o n —6 g ........... 1900 F & A
Col. A 9 th A v e.
5s, g . .l 9 9 3 M A 8 i n
109 A ug.
C o l.H .V al.& T o n —C on., 5g. 1931 H A S 80 b. 8 0 A u g .
80 b. 80 J a n .
G e n e ra l, 6 g . . „ ..................1904 ■) A l t
D e n v . A K io G r.—1 s t, 7 s ,g . 1900 M A N ^ llO is b . 110% J a u .
A J
85
1 s t c o n so l., 4 g ....................1936
83 J a n .
92*3b. 9 2% J u ly
A J
D ul. So. Sh. A A tl.—5 g . . . . 1937
99 b. 9 7% J a n .
& J
E d iso n E l. 111.—ls t,c o n .g .5 s .’95
& J
84 b. 8 3 A ug.
E rie —4, g, p r io r b o n d s ___1996
& J
G e n e ra l, 3-4, g ................. 1996
55*3
5 4% A ug.
& D 1 48
F t. W. A D e n v . C ity .—6 g .. 1921
146% A ug.
90%
G aL H .A S au .A n -M .A P .D .l8 t,5 ! M A N
9 0 J u ly
G en. E le o trio , d eb . 5s, g . . . 192 J & D 80 b. 85 J a n .
H oue. & T. C ent. gen. -is, g .1921 A & O
68 A p r.
Illin o is C e n tra l.—4e, g........1953 M A N
99 Ja n .
W e s te rn L in es, lB t, 4 s, g .1 9 5 1 F A A 98 b. 9 7 A ug.
X n t& G re a tN o r.—le t, 6s,g. 1919 M A N 113 b. 1 1 4 J u ly
2d , 4 -5 s.................................1909 M A S 65 b. 66 % A u g .
89 a. 8 7 A ug.
Io w a C e n tra l.—ls t.,5 g ___1938 J A D
59 a. 57% J u ly
K in g s Co. E le v .—1 s t,5 g .. 1925 J A J
85
L a c le d e G ae.—l e t , 5 e ,g . .. l 9 1 9 Q—F
85 A ug.
L a k e E rie & W est.—5 g ___1937 J A J 113
1 1 0 A ug.
L. S hore. -C o n ,c p ., l e t , 7 8 .1 9 0 0 J A J 108 b. 108 A ug.
C onsol, c o u p ., 2 d , 7 s........1903 J A D 112 b. 116% J u n e
L e x . A v. & P a v .F . gu. 5 s ,g .l9 9 3 M A S l l l % b . 1 0 9 A ug.
L o n g I s la n d .—l e t eo n ., 5 g .l9 3 1 Q—J 122 a. 117% J a n .
G e n e ra l m o rtg a g e , 4 g . . . 193a J A D * 90 a. 9 0 A u g ,
L ouis. A N a sh .—C one. 7 e ..l8 9 8 A A O 103 %b. 104% A pr.
N. 0 . & M obile, 1 s t, 6 g . . . 1 9 3 0
A J '1 1 0 b. 113% A ug.
"
“
2 d . 6 g . 1930
90 h. 97 J a u .
A J
G e n e ra l, 6 g ......................... 1930
A D 109 b. 112% J u ly
U nified, 4 g ........................... 1940
69
A J
68 % A ug.
Louie,N . A. A C h.—1 s t , 6 s .1 9 1 0
A J 105 a. 110% J u ly
C onsol., 6 g .......................... 1916 A A O 80
7 4 A ug.
M a n h a tta n oonsoL 4 s ........1990 A A O 88 b. 9 0 A ug.
M etro. E le v a te d .- 1 st, 6 g .l9 0 8 J A J 113 h. 111% A ug.
2 d ,6 e ..................................... 1899 M A N 102 b. 101 A ug.
M ioh. C ent.—l e t , e o n s., 7 8 .1 9 0 2 M A N 110 b. 111 A u g .
C onsol., 5 a.......................... 1902 M A N
103 J u ly
H iL L a k e b h . & \V —la t,6 g .l9 2 1 M & N 123% 122 A ug.
E x te n . & Im p ., 5 g ........... 19 2 9 ,F A A 104 b. 1 0 4 A ug.
M in n .A 3 t.L .—ls to o n .o s ,g .l9 3 4 |M A N
96 A ug.
Mo. K. A E .—1 s t o s, g., g u ..l9 1 2 lA & O 81
81 A ug.

A ft

NEW

Y O R K ST O C K E X C H A N G E P R IC E S -< C o n tiu u e < l).— I N A C T I V E B O N D S -A U Q U S T

S E C U R IT IE S .

B id.

A sk.

R ailroad Bonds.
( Stock E xchange P ric es.)

A la b a m a M id,—1 s t,g ., g u a r . .1 9 2 8
A tch. T o p e k a A S a n F r a n .—
C hicago & S t. L ou.—1 st, 6 3 .1 9 1 5
C ol. Mid. 1 st, g.. 6 s ................1936
A tl. A P a o .—2d W. D., gu. 6 s . 1907
W este rn D iv isio n in c o m e .. 1910
B alt. St O h io - 1 st, 6 s, P a rk B . 1919

90

1

S E C U R IT IE S .

Bid.

B alt. A O h io —5s, g o ld ..............1925
C ons, m o rt., g o ld , 5 s ............. 1988 100
W V a. A P itts .—1 s t, g., 5 s .. 1990
B. A O .S . W „ 1 st, g., 4 % s .. .1 9 9 0
M onon. R iv e r, 1 st, g., g. o s .. 1919
C e u t'l O hio R eo r.—1 s t , 4 % s .1930
A k .& O li.J u n c .—ls t,g ,5 s ,g u . 1930
B ro o k ly n E le v a te d —26.^53.. .1 9 1 5 ..........
S o ash le & B .B .—ls t,g ,5 s ,g u . 1942
B r’k ly n R ap . T ra n .—G o ld , 5 s .l9 1 5 .........

Ask.

to o l
45
75

!4 8 .

S E C U R IT IE S .
B ru n s w io k & W ’n —1 s t, g., -Is .1938
Buff. B ooh. & P i t t s . —G en . o s ..1937
R ooh. & P ,, 1 s t, 6 s ..................1921
R och. & P it ts .—C ons. 1 st,6 8 .1 9 2 2
Buff. & S u s iiu e h .—1 s t, 5s, g .,1 9 1 3
B u rl. C ed .R ap . A N o.- 1 st, 5 s . 1906
C onsoL & o o lla t. t r u s t , 5 s . .1 9 3 4
M inn. & S t. L .—1 s t, 7 s , g n .,1 9 2 7
C ed. R ap . I . F . & N ., 1 s t, 6s. 1 9 2 0
1 s t, 5S.......... ........ ..................1991

B id.

A sk.

*95

101
.......... ..........

.......

...

AUGUST 39, 1896.]

THE CHRONICLE.

351

•itYl ICtiti. STOCK EXCHANGE P a iO fiS .-A V A C T/ P E BONDS—rO ontinm cti—A U a U S I
S E O U E IT IB a ,

S E C U R IT IE S .

B id .

A sk .

S E C U R IT IE S .

28.
B id .

.......... N o r t h e r n Psuslflo—
-Iran*. A In d ia n .—l s t , e o n s ..1926
C. d ’ A l e n e — G a n . l s t , g . , 6 b . .1 9 3 8
P11a t A P. M arcm ette —
M ort., 6s......................
1920
C e n t. W a s h in g t o n —ls L g - ,6 8 .1 9 3 8
N o r f o l k A S o u f h ’ n — 1 s t , 5 s , g . l 9 4 1 100
1st, eon. rol l. 5 s .................... 1939
;:'t. H uron H i v . - l n . 5, ....1 9 3 5
N o r fo lk * W e s t—
G e n e r a l, 6 s ..................................1 9 3 1
f la . Cen A P en.—1 s t« . 5a__ 1918
N e w R i v e r 1 s t 6 s .................... 1 9 3 2
1 st con. g., 5 s ......................... 1913
I m p . A E x t . , 6 s ........................... 1 9 3 4
50
n . W orth A E .
1st g„ 5*..1928 50
-V ,. ,, • ->r l , - - . . . ____ . .1 9 2 4
Gal. B a r. A Son A n t.—1 s t, 6 3.19 10
2d m ort., 7 s ..........................1 9 0 5
•Mel. A W a s h . D lv .— l s L g . 5 s . l » l l
80 I010 Y a L A N . E .— 1 s t ,4 a ,.1 9 9 0
tin . Car. A N or.—1 st, ca, 5s, g,1929
. J O h io A M iss.—
G rand Rap. AXod.—Goo. 5 s ..1924
124
C o n s o l. 7 s . ...................
1898 101
Hottaatonfe—Cons, gold 5 $ ,...1 9 3 7
2 d c o n s o l 7 s ............................... 1 9 1 1 1 0 3
N. H av en & D erby, C ons.5s..l 918
a p r i n g .D i v .— 1st. 7 s ...................1 9 0 5
Hons, A T . 0 . - Waco A S r.7a..l903 1 2 5
G e n e r a l 5 s ..................................... 1 9 3 2
1 st g ,, 5s flat. g td i............... 1937
102
O h io R i v e r R R . — 1 s t, 5s,-........... 1 9 3 6
Cons, g . 6 s tin t, g td )............ 1912
G e n . g . , 5 a ......................................1 9 3 7
He bent, tie, p rin . A is,:, gtd.1897 80 . . . . . .
-------- O m a h a A S t . L o u is .—l e t , 4 s . . 1 8 3 7
H ebeai. 4 s, p rin . A in t.
I -97 80
O il. V .- G e n .w n , 1 «*.gu, g ,5 a.! 93*- ------Diinols C entral—1st, e., 4 s ...1951 110 .......... O r e g o n A C a ll f o r .— 1 s t, 5 s , * . 1 9 2 7
O x ’e a 'O * A 't o n - 8 . F . , 6 a ------ 1 9 0 3 '1 1 A
1st, gold, 3 V ........................ 1951
..... O re * . R y A N a v .- C o l .t r . * .,5 s .l9 1 9
la m ia . A M o . E 3 v - e r - lB t .7 a .1 9 0 0
G old i s ..................................... 1952 '9 7 * s 9 8 % P e n n -P ,C .C ,& 3 t .L .C n .K ,fi s s A 1 9 4 0
m , 7 a . . . ......................................1 8 0 0
........
Ho
do
S e r ie s B ...........
2-10
I
s
................................1904
S t, L. J o c k s . A C ld e .— Z d , 7 s, 1 8 9 8
P .G .A 8 . L . - l 8t , 0„ 7 s ....................1 9 0 0
M la a.R . B r id g e — 1 s t, a. t „ 6 8 .1 0 1 2
Cairo B ridge—4 s ................... 1950
103
P it t s , F t. W . * C .— l e t , 7 « . . . 1 9 1 2
O u t B a r i, A K o r.- 1 s t , 5 s . . -.1 9 2 6
B o rln g t Dtv.—Coup., 6S....V 898
2 d , 7 s .......................................... 1 9 1 2
M iddle D ie ,-R e g .. 5 s.......... 1921
O e o e u W tr e S * ........................... . , 1 8 9 6
95
3 d . 7 e ........................................... 1 9 1 2 ’ 1 2 5
O.
8t. U 4 S . O.—Ten. 1.,7 s. 1897
C h ic . B a r i l o * . A Q .— 5 s , « . f . . l 9 0 1
<!h . S t .L .v P . — l e i „ ’ O ii.5 s ,g ... 1 9 3 2 .' ..
le t, consol., 7 s......................1897
lo w * Dtv.—Sink,
I " a t f at ann da ,, 55 a ..1919
U le v . A P .— C o n s ,, s. f d . , 7 s . 1 9 0 0 * 1 1 3
Gold, 5s, o o u p o n .................1951
Sinking fu n d ,4 s............. 1919 91
Muu.u. Dtv.. 1 .-:
.1 *....... 19 5 1
G en. 4 % s,
“A
............... 1 9 4 2 -----P .ala, t l .......................... .....1 9 2 1
........
j
103
8 , L V . 4 T . H . — 1 s t , 6s . , 7 s . 1 8 9 7 ' . . . .
3ltlea*o A Iow a I>iv.—5 s . .. tu u l
Cifi. F ails a itln n .—1 a t, 7 s.. 1907
96
2 d , 7 s ........................
1898 *
Cole, A In d ia n a Coal—1 st 5s. 1936
In d . D. A 8 pr.—1st 7», 1906, trass ........ !
CB3. MIL * S t.P .~ l« ',8 s ,P .I i.l3 9 S 102 % 104
re n ts., a t bonds ............................
Ind. Dec. A tV.—1-t. g.. 3 a ....1935 9 5 | aa 1 G * K a1 S x l L V s*l 4 ^ g !*! i I S i
2 1 ,7 3-108, P , D ....................1898 1 1 5
1 P e r m & P e k . U n io n — S»t, 6 4 .1 9 2 1
toil. Ills. A Iow a.—1st, g. 4s,. 1039
u i . 7 t . 9 g . , B .D .............. ...1 9 0 2 1 1 9
'6 9
2 4 m o r t * . , 4 * s ............................1 9 2 1
. 1st, t o . , g. 5«......................... 1943
Xtt, L A H .,7 « ........................1397 115
• iT ’!
■ F it t s , t h e r e . A T o ! . - 1 s t , 6 s . . . 1 9 2 2
l« t, I. A D .,7 » ......................,1399 115
to t. A G V i,._ 3 d , -1 - . . - ....... l« m
I P i t t s . A L . E r . - 2 d * . 5 s , ” A ' .1 9 2 9
l» t,C . A M .,7 # ....................... 1903 120
Kings C u .-P .E l.,ls t,5 ,« .,g n .A l9 2 9
P itts . M e . K . A Y ,— 1 s t 6 s ____ 1 9 3 2
l i t . I. * D. E x te n sio n ,7 » ...1 9 0 8 119
Lake Brie A W est.—2d «., 5 s. 1941
10 2 '
P itts . P a in s v . A F .— 1 s t, 5 s . . . 1 9 1 6
l i t . La C. l D f i . , 5 i ......... 1919
X orth'n Ohio—1st, gu. g . 5 « .l !>43
106% P it t s . S h e a . A L , E . - l e t , g . , 5 s . l 9 4 0
1st, H A D .,7 * ..................... 1910 . . . .
L. 8 . A l l . 8 o u .- B .A E -.NVwTs.’y*
1 s t c o n s u l. 5 s ............................... 1 9 4 3
102 V
l i t , H. A D .,5 « .....................1910; . . . .
Her. M. A T. IK . 7- ............1900
u o ‘ P i t t a A W e r w - M . 5 s , * .1 9 9 1 - 1 9 4 1
Oiioago * P aelde D lv.,C a..l9lO < 108
L ake dlnire—D ie. •Kinds, 7*. 1899
P itt# . Y ’ g s f n A A . — 1 s t , S a o o o . 1 9 2 7
M ineral P o in t H it. 5 s ....... ..1910,*
ioT K ill All. A G. l: - t o : g u .5a. 1938
R io G r a n d e 80 . — 1 s t,
5 s ... 1040
; M abon'g Coal RK. - l a i . 5«.1U34
a A 1 - Bap. Hlv., 5 s . . . . . . . . 1921 *100
8 t. J o s . a G r I s . - 2 d l o o ...........1 9 2 5
H ehIgbV ,>. Y .-1 K g o .g .4 “e s.li'4 0
f a r g o A S o a tk ., ws, A « u . . .l B 4 !
I n ’. c-jnv sink, fu n d , 5*---- 1916.
Isrlilgh Vr.T erm .—1st gu 5 s,* .1 9 il 1 0 4
X a u . C, A O m a h a — 1 s t , 5 s . . 1 9 2 7
Hi. L . A . A T . U , —T e r m . 5 s . . 1 9 1 4 102
O sk o ta A GB S „ .th .. 5 -,....1916 106
U U Igh V f (Jo ,1—1 st 5..g».g,1933
MU. A Nor. inula iln e-C * ..1910 m
117 UdtcM . Car.A Wesrt. - 1 s t 6 *.g.1916
S e l l e r . A 80 . ( l i . - l s t , 8 s . ..1 8 9 6
Omc.AN:,r ,-3 0 -y « * rd e b .5 s. 1321
L ittle Rock A VI. - l e t , .*>», v . t o i l
B e l t e r . A O a r — 1 s t , 6 s ........... 1 9 2 3
Seew utba A L. 8, 1st. 8 * .... 1901
108 sLotig Islan d —
0 h l.8 t L .A P a d .- ls t ,g d .g .5 » 1 9 1 7
8 t. L o u is S o .— 1 s t, g«l. g. 4 s . 1 9 3 1
D eeM .A Stbrn.—1st, 7 » ....1 9 0 7
1 s t .7a ....................................,1398 103
81
91
do
2 d i n c o m e ,5 s . 1 9 3 1
Iow a M idland—1 st, 8*..........1900
P erry , 1st,
4*»»............ „ m .
C a r. A B l ia w L — 1 s t g . 4 s . . . . 1 9 3 2
Gold U ..................................,.1932
84
Okie. A M ilw aukee—l» t, 7 s .1898
Win. * B L R . - 2 d , ? » .............1907
a t . L. A 8 . P . - 2 d 6 a, g ., o l. A . 1 9 0 6 1 0 9
N. Y. A R'w*> B .-l« t,g .S « .1 9 2 7 T 01
MU. & M id. - l a : . 6 s............ 190.*,
G e n o r a l 5 s ....................
1931
35
42 S
90
2 d rnortg.. in e ...................... 1927
OIL C. P. A St. P .—1st, 5 s. 1909
P . Y,.\ M a n , l i , . - 1 .k , 7 s , 1897
I K , t r u s t , g o ld 5 s . , ..................1 9 8 7
k o rtk a ra r a .—1 st, S t ....... ..1 9 1 0
K
a
u
.
C
it
y
A
8
l
e
t
.
6
s,
g
.
.
.
1
9
1
6
N .Y .B .A M .B .-lste n u .5 s,tf.l9 3 »
Mil. L. 8 A W .-C o n .d eb .,5 * . 1907
F t. a . A V . B . B g . —1 s t, ( ft . .. 1 9 1 0
99
; Broaklw A M ontattk -1 st,0x1911
Mich. Hlv., 1st, 6s..............1924 1 1 9
1st, 5 * ...........
K a n s a s M id la n d — 1 s t , 4 » . * .1 9 3 7
1911
8 t. P a u l C it y tty , o o n . 5 s , g . . ,1 U 3 T
No. S hore iir. ~l «i con,5e.g.l»32
A shland H ivfstoa —l e t, Oft1025
88
O0.K. I. A P - O . M. A F.D, 1s t 4 s.1905
G o ld a s , g u a r ..............................1 8 3 7
25
L o uis.R vanxA 81. L . ~ Cou.5a.193U
6#
Lotils. A N seh.—Cecil. Br. 7*..1007 101
8 t P a u l A D u lu t h — 1 s L 5 « . . . . 1931
1st, 2 V ................................. 1905
2
4 m o r t g a g e 5 s ............................1 9 1 7
E xtension, i t . .................. .1905
E . B . A Naslt.—1 st 6*. g....U»U<
Keokuk A He* M.—1st, 5 s .. 1923 *100
8 t P a u l M in n A M .—1 s t , 7 s . .1 9 0 9 lO.’i
P en m eix a D lrlsion, 6 #_____1920
2
1 m » r t .,U s ....................................1 9 0 9 113
OMc.St. P. A M ine.- 1 s t , fls...1918;'121
8 t. Louis Division, 1st, 6 a... 1921 1 1 7
M ln a e a p . U n io n — 1 s t 6 s ___ 1 9 2 2
125
« . P *oi a s , a —m t, e s ....... i 9 i i < i - m
2.1, 3*..................................... 1980 5 5
.Me. A W . In i.- 1st, s. <.. Os. 1919 .....
M
o n t . C e n .— 1 s t, g u a r ., 6 s . .1 9 3 7
Nival-v. A D eciitur—1 s t,7 s .. 1900 •108
G eneral m o rtg a g e ,6 * . . . . . . . 1932 ’ .... iY3‘
1 s t g u a r . g . 5 s ..........................1 9 3 7
8. L, 6s ,—8 . A » . A la............. 1910
Chic. A West. Midis.—5#--------1921 ___
;
K
m
s . M in n ., 1 s t iliv . 1 s t 5 s . 1 9 0 8 *101
50-year 5*. g .......................... 1937'
Ust B u m . A H .—C o n .* .f . , 7 x 1 9 0 5 ----W
r A S i O U X P . - l s t , g ,5 9 .1 9 3 s
Pens, A A L - 1 s t ,6 » ,g o ld ..,1921
8 « a F r a n . A N . P .— 1 s t , g „ 5s. 1 9 1 9
i d , gold. 4 H > ............................... 1337
C otlat. tr u s t, .’>a, g .................1931
.1 0 3
CSn. H. A tr'B - U ' . ki:. 5s, .-.!•» U 10 0
- * v . F I.A W est. - 1 s t , c o n . g . 6 s . l » 3 4
.........
I,A N . A M .* .M .-lst,g „ 4 i* sl» 4 8
o u r . AM. A C o L -E u . A 2d 6s. 1930
.........
.Vasb.Plor.A 8 .- 1 s t , gu., 5 s .1937
S o u t u e r n — A l a . C e n t ., 1 s t 6 « . 1 9 1 8
a a V. A S t. I ..- lie u ., g . -U ..1993 ....... ;........... K eutocky C e n tral—^la, g . . . 1987 83
A t l . A C h a r .- 1 s t , p r o f . , 7 s . . 1 8 9 7
Cairo ttv la lo n . 4 s. . . . . . . . . . 1939 ................. .. L0 U.AJWI.BilgeCj. - i i t i . g . t s . l 945
I n c o m e , 6 * . . . . ........................ 1 9 0 0
C ols*m . A G r e e n . - u t , 5 -S s . 1 9 1 6
B U k ra .D tr.-ls to o U s 'tk s .if.ie a o
M S 90
OOO.N.A Ib.A C h.-O en.tn.g.bs.lW O '4*6'
E . T e u n . V . A O a .- U l V l a . 5 s 1 9 3 0 ■107
S erto tt-A C o B H lsr.-lst^ .is. 1940 .....
....... . . . . . M emphis A Churl.—6s, g o ld ..1924 3 0
4V
# h lle W .? « A H l-/.-l,l,« . 4*. 1940 .....
R i e h .A D a n .—K q . s . t. g , .',# .1 9 0 9
....... I ........ - M exican Cent, C o n so l—4s, * . i » l l
D e b e o . 5 s , t u u n p e d ...........1 9 2 7
Ota.Wsk.AK.HtV,—lstvg.4s.1991 .....
....... ....... .
1st, eons. Income 3s, g.........1939
a n . 1. 8t. L , A C.—1st,g.,4«.1938 ___
V o * Mid.—S e r ia l s c r .A , Us. 1 9 0 0
5I»-x. to te m a tio u a l—1st, *s,g.l942
O on .so i,6 s.............
1920 . . . .
S e r ie s B , 6 » . . . .......................... 1 9 1 1
M exican N ational—1 s t , 6s. 1927
an .aA n .A tk .-O w s. l« i* .5 » , 1923 100
S e r ie s 0 , 6 s ............................... 1 9 1 6
2d, incom e, 6 a, “ A "...............191“
In d ian a B. A W,—lst.pf.7e.10O O .....
S e r in s D , 4 - 5 * ..........................19 2 1
3d. Incom e. 6s, " I I " .............1917
S c r ie s F , 5s...............
1931
Ohio tn A A W .- ls tp r e f .3 s .. 1938 ___
M ichigan C en tral—0 * .............. 1909
C. Col, Ota. A lad — 1st, 7% ».f.l899 ____
Coupon, 5s...............................1931
W a e tu O .A W .— 1 s t o u r .g ll.4 8 .1 9 2 4
Consol. sink, fu n d , 7 s ...........1914 . . . . .
IV r. A F it o f S t. L — 1 s t , 4 i* s .I 9 3 B
M ortgage 4 s . . . ..........
1840
t t e .A f i p rr.. -U LC .C .C .A i.T s.
. . lo
. .o
. .l ___
1 s t. e o n . * . 5 s ..................1 8 9 4 -1 9 4 1
B at,C ..W R rg is.-lst,3 a.g .g a.l» « 9
C l e m I t,n u n A » A —1 s t ,5 s . 1933
; SbU M er. B r . T e r m „ * .5 s ,g u .. 1 9 3 0
Mltro-A 8 t, L.—1st, g, 7 a ......1 9 2 7
C l e r e A M » h . V .— G o ld , 5 s . . . 1 9 3 9
T e x a s A N e w O r le a n s —
Io w a E x te n sio n , 1 st,7s.......1909
D el* L a c k . A W . - K o r t 7 » . . . , 1 9 0 7
H t . 7 s ................................................1 9 0 5
S outhw est E x t.—1 st, 7s....... 1910
va>d\
ie S y r a . B la g . A N , Y — 1 st, 7 » .I 9 0 6
: S a o i n e H i v i s io n , 1 s t, 6 a . . . . . 1 9 1 2
Pacific E xt - 1 s t , 6s ............1921
4 M o n t s A E s s e x — 1 s t , 7 s ___ 1 9 1 * •131
Mo. K. A T e x — 1 st, e x t., 5s, g 19 u *80
:
C
o n s o l. 5 s , g ..................... ... ........1 9 4 3
92
85
B o n d s , 7 s ................................... 1 9 0 0
Mo.K.AT.ofT<‘X.l «t,gu-5a . 1942
T e x . A P a c . , 36. H .— 1 s t , * . O s.1 9 0 5 TOO
71
7* o f 1 8 7 1 ................................. 1 9 0 1
T
h
ir
d
A
v
e
n
u
e
(
N
.Y
)
.1
s
t
5
»
,
19
3
7
K ansas City A P „ la t,4 » ,« ..1 9 9 0
63
lift
11 s t, o o f !., t a u . . 7 b ........ . . . 1 9 1 5 - 1 3 0
T , A O . G - K a n . A M ., M o r t. 4 » .1 9 9 0
Hat. A Waco—1 s t , 5 s , ..1940 31
70
82
W S tr o ll - 2 d , 7 s ......................... 1 9 0 0
M issouri Ps»<.isle —T ru st 5 s ...1817
T o t . I A W .— I s 1 4 » ,in o .f ’ d, ccm . J u ly
09
D .A H .C * b .— P A b ! r . , c o a p . 7 s . 1 9 1 7 •
U ls t e r A D e l.— 1 s t , © o n . ,6 „ 5 « . 1 9 2 »
137%
1 st ooU ., 59 , k ......................... 1920 •37%
A l b a n y A Boars — 1 s t , g o . , 7 x 1 9 0 6
O n io n P a o iflo — 1 s t, 6 s ................. 1 8 9 6 ’ a l l s
St L.A 1, M .-A rk.B r.,l»t,7«.1895
1 s t, 00a s ., g u a r ., 6 s ............ 1 9 0 0
1 s t, 6 s ...............................................1 8 9 7
Mobile A Ohio—1 st e x t,, <w ...l»27
98%
113
B e s s . A B a r. 1 s t , s o a p , , 7 s . ; 9 2 ;
1 st, 6 a ..............................................1 8 9 9
a t. L . A C airo—4*. g u a r....... 1831
98%
D e n v , T r i m w a y —C o b * . 6 s , * . 1 9 1 0
C o l l a t e r a l T r u s t , 6 a ............ . . 1 9 0 8
Morgan's L a. A T .- 1 s t ,
1920
MekopoL Hf.—Ut,ga. gM.1911
C o lla t e r a l T r u s t , 5 a .................1 9 0 7
1st, 7 . ..................
..1918
p e n y . A R G . r I m D . ,g . ,5 s ..30 28
K a n * a s P a ottto— 1 s t 6 s , g . . . 1 8 9 5
83 >s Nash. C hat. A a t. L.—2 d , 6 s. .1901
H ts t.lt. A M - —A - X, 3 % * ,s e r . 4 .1 9 1 1
U
1 s t , 6 s , g ............................. . . . . 1 3 8 6
17
N. O. A. S«. h. - P r . !„
8 s ..1915
D e t A M a e k .— 1 s t lie n , 4 s , g ., 1 9 9 5
94
C. B r. U V - F . o - . 7 s .............1 8 9 5
N. Y, C e u tral— Deb. g. i t ---- 1905
101
O .O W 0 - C 0 I. * C l n .M .l s t ,4 % s .l 9 3 S
C en t, B R . * B a a * . -C o '.. g . 5 s . l 9 3 7
C en t, o t N . A — C o n v . d e b ., 6 s . 1 9 0 8
C e n t F a c t S c — G o ld b o n d s , 6 S .1 8 9 7
G o ld b o n d s . 6 s ......................... 1 8 9 S
S a n J o a u u in B r , , 6 s .................1 9 0 0
M o r t g o l d 5 « ............................. 1 9 3 9
B a n d g r a n t , 5 * . g ....................... 1 9 0 0
K i t . g . 5 s , s e r ie s 4 B C D . .1 8 9 3
C a l. * O . H lv ., e x t , , g . 5 a — . 1 9 1 8
W e s t . P a c i a e —B o n d s . S a . . . . 1 8 9 9
N o. R a il w a y ( C a U - l s t , 6 a ,1 9 ft7
5 0 - y e a r 5 s ................................ 1 9 S i
a te *. & O .— F u r . M . f u n d , 6 8 .1 8 9 8
C r a ig V a ll e y — 1 s t . g „ 5 s , . . . 1 9 4 0
W a rm S p r. V a l „ 1 st, * . 5 * ..1 9 4 1
CU M . O . * S o .W e s t .-—1 s t 8 « , g . 1 9 1 1
3 d , 6 a ................................................1 9 1 1

4». gftt n —
*«0
S . J . d u n e —G u a r . 1 s t, 4 s . . , 1 9 8 b
H tls U i A I r o n R a n g e —£ * t 5 s , 1 0 3 7 •98
100
Beech C r e e k - l e t ,gold, 4*..1938
E rie — 1 s t, e x t e n d e d , 7 s .............1 8 9 7 102
Osar, A Korns—2d, 5», g .,g u .le i5
no
2 d , e x t e n d e d ., 3 s , . — . .............. 1 9 1 9
U tica A Bl. RIt .—4«. g.. gu.1922
3 4 , e x t e n d e d , « > w .................... 19 2 3
I0 « i*
S . Y . A P « L — 1 s t .* ., 4 s .* a , l » 9 3
4Sb. e x t e n d e d . 5 * ...................... 19 2 0 '1 1 0
. . . N Y N. H . A H l - re« i t 1903
3 th . • M e n d e d . 4 ? — .............. 1 9 2 8
1 0—2 - ' : N . Y , A N o r t h e r n — 1 s t, g. 5 a . .1 9 2 7
1 s t e o n . , at., M , ? « .............. . m o
N. Y. BUS' j. A W est— 2d. 4 **4.1937
« i t . V A E .— 1 s t , 7 s ........... 1 9 1 6
; G en. m ort., 5s. i-— ............. 1940

B ill. A 8. W .- M o r v . 6 * . . ; ;t„ * . ___-

**:!,-r-., . - I s t . v ,
« . . . ; .cg. - ........ 103
Otaai * m ~ 6 « ........................1 9 2 2 ; ...........
D o c k A I o ip 5 .,l s t & s , e u r 'c y A O i S
10 a "
£ * » '■ « . A 7 e r r * H a u t e •
1 s t, c o n s ., o s -------------------------192 1
10 7
1 *%, g e n e s a l , k . , 5 * . . . . . . ____ 19 4 2
M t V e r n o ® 1 s t Os .. _______i n - j s ;
w t Oft. » r , 1 s t , 3 « . . ........r > « .
*& o

price W r M ijr; th»»<e are th * I \% * •1.^'

60

<t*T* ' •

65

09

Hi
’
II"
!N orthern P a r,—
: Jam *? R iver VOL—1st, <?«. ..1936
EpOkane A
.. . . . In ;!, •70
• B t,P i 1 ! 4 S >'
I;a ..t9 2 3 i
n e ts 1037
! D alit Hi AM tn ite b a —lai ,e,8 sl9 3 « l
DoLAM * 0 f t a k . H i t I ••». . U tir’i * 7 2 ’
: ' " t f d'A lene—1«». *i, ,-o!d.19161

122

is

•• •*’«. f f . t r "ft tee I l i t t m s a n !

A t c h . C o l. A P a c ,- 1 s t , 6 s . . .1 9 0 5
A t e t u J . C o . A W . - l s t , 0 S ...1 9 O 5
U . P . L i n . A COL— l s L g . , 5 1 , 1 9 1 8
U ta h A N o r t h .— 1 s t , 7 s .......... 1 9 0 8
100
G o ld , 5 a ......................................1921;
U ta h S o u t h e r n —G e n ., 7 » . .1 9 0 8 * 5 0
E x t e r n , 1 s t , 7 s ....................... i s o s
'» 0
V a lle y R > C o , o f O .- H i o n . 6 a , 192 1
V a b a s h — U e b e n t a r o , S e r . A .,1 9 3 s
D e b e n t u r e , S e r ie s B ..............1 9 3 <
17
0 « t . A O h io . E x t . 1 s t , fts, * . . 1 9 4 i
'9 2 %
S t i. K .C .A N .— ’ I .O .i t d g e i ,, i t i i i W est N .Y . A P a .,* e u .g . 2 - 3 - 4 , 1 9 14
10
I n c o m e 5 s ..............................
1943
W e s t V » . O. & P it t a .— 1 s t, 6 9 ,1 9 1 -■
V t i e e i .* l .. E , — 1 s t. 5 * . g o l d . . . l u s t
E x t e n s io n A I m p . g . . 5 * ........ >’ ’ <
W la, t e n t , In e m u e 5# . . . .

vr

Ask.

ioT‘

110

123
100
103

106

90

«5

63*'

104
103

io o ”
100

120%

109

102 %

100

30
35

97%
40%

it .t n d«—See 'M page preootiin#.

r

THE CHRONICLE.

3o2

[V ol . LXII1
Latest Gross E a rn in g s.

jjnuestnxeut

W eek o rM o l

AND

ila x lro a d In te llig e n c e .
RAILROAD

EARNINGS.

The following table shows the gross earnings of United
states railroads (and also a few Mexican and Canadian roads;
for the latest period reported. The statem ent includes every
btea\1 road from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the calendar year from January l to
and D eluding such latest week or month.
T h e r e t u r n s o f th e s tr e e t r a i lw a y s a r e n o t in c l u d e d i n t m s
ta b le , b u t a r e b r o u g h t to g e th e r s e p a r a te ly o n a su b s e q u e n t p a g e
L a test Gross E a rn in g s

Roads

Week o r Mol

1896.
*
15,0=SO
2 7 ,1 1 9
4 5 .6 6 5

1895.

Jan . 1 to L a test B ate.

1896.

1895.

9 3 ,8 1 0
90.0 2 9
12.514
A d lro n d a o h ........J u n e ............
9 1 3 ,648
869,228
2 9 ,3 2 2
A ia .G t.» o u t n . . 3 d w k A u g
2
5
4
,460
1
9 3 ,183
37,531
A la. M id la n d ... M ay ............
A la. N. O. T e x . <k Pao. J u u e .
7
0
4 ,5 6 0
7 2 5 ,211
3 7 .0 0 0
3 9 .0 0 0
i*N . O rl.& N. E. 4 th w k J u ly
2 6 6 ,3 4 7
287,871
1 6 .0 0 0
15.0 0 0
A la. A V io k sb . 4 th w k J u ly
2 7 4 ,981
2 9 3 ,703
20,000
19.0 0 0
V ioks.Sh. A P • ith w k jilly
A lle g h e n y V a l.. J u l y ............ 2 0 4 ,8 4 8 2 2 2 ,5 0 2 1,355,903 1 ,3 9 3 ,6 8 2
6 8 4 ,059
7 2 0 .019
2 0 ,4 0 6
2 4 ,8 0 6
A n n A rb o r..........3 d w k A u g
4 2 ,157
42,543
6,7 4 4
5,8 2 3
A r t. M id la n d ... J u u e ..........
Atoli. T . & S. F e . J u n e .......... 2 ,1 4 8 ,7 7 4 2 ,0 8 8 ,1 1 3 13,590,235 13 ,4 5 2 ,777
6 0 3 ,4 7 4
594,272
1 0 4 ,7 8 4 110,688
A tla n ta & C h ar. M ay ............
2 1 4 ,431
2 4 1 ,017
3 4 ,7 4 5
3 0 ,9 0 6
A tla n ta <fc W. F . J u n o ..........
3 4 2 ,7 8 4
3 3 6 ,614
9.9 9 1
11.1 4 0
A lla n . & D a n v . 3d w k A u g
5 2 ,1 7 6
58,358 2 ,2 42,139 2 ,2 0 1 ,4 5 0
A tla n tio & P a o . 2 d w k A u g
2 2 ,2 62
33,*43
3 ,1 2 6
4,2 5 5
A u g u s ta S o u t'n . J u n e .........
1 1 5 ,2 4 7
120,517
2 2 ,0 8 4
24,039
A u stin A N’wenl J u n e ..........
2 6 2 ,679
2 6 1 ,969
61,7 0 0
6 5 ,7 0 0
B alt.O hes.ds A ti. J u l y ............
B .& O .E aetL ln ee J a n u a r y ... 1,385,877 1 ,2 2 9 ,2 1 9 1 ,3 85,877 1 ,2 2 9 ,2 19
4 6 9 ,216
443,068
4 4 3 ,0 6 8 4 6 9 ,2 1 6
W e s te rn L in es J a n u a r y ...
T o ta l............. J u l y ............. 2 ,0 8 9 ,4 7 0 1,940,804
1 2 9 ,0 4 0 128,8 '5 3 ,8 2 1 ,8 8 7 3 ,8 8 0 ,3 3 7
■ aL & O .S ou' w . 3 d w k A u g
3 6 1 ,438
3 3 9 ,277
5 0 ,9 8 0
B an g o rA A ro o st. J u n e
5 4 ,5 4 7
10,391
10,758
1,691
1,433
B a th & H a m ’udh .1line
1 ,5 2 4
9,733
11,927
1,630
B lr.< fe A tla n tic .. J u ly .
R a il w A.Y LIST.
B ro o k ly n K ie v .. S e e S t r e e
2 0 3 ,248
2 3 9 ,775
52,7 4 8
39,651
B rnusw'S& W eRi M ay ............
67,2 8 1
Baft. R ook. <fcPiu 3d w k A u g
62 ,1 0 0 2 ,0 5 6 ,4 4 2 1 ,8 9 4 ,1 3 6
2 1 0 ,1 89
2 7 2 .078
36 ,2 1 1
41,571;
B u f lU o A & u g .. J u l y ............
7 8 .9 4 0
93 .5 1 5 2 ,6 4 9 ,7 2 0 2 ,2 8 0 ,4 2 0
B a r.C .R a p .A N 3d w k A u g
1 9 4 ,0 89
2 0 4 ,855
72,1 1 8
O am den d s A ti.. A p ril..........
6 6 ,5 2 6
C anadianP aeih< 3 d w k A u g 4 0 3 ,0 0 0 3 7 4 .0 0 0 1 2 ,223,652 10 ,2 2 2 ,777
23,729
29 ,7 5 i
7 ,4 0 0
C a r.M id la n d — J u l y ..........
7 ,8 3 7
3 1 6 ,6 3 7 3 4 2 ,6 1 8 2 ,0 6 5 ,2 2 8 1 ,8 37,203
C ent, o f G eo rg ia M ay..........
C e n tra l of N .J .. J u l y .......... 1,199,356 1,127,831 6 ,9 4 1 ,9 4 9 7 ,0 4 9 ,3 0 3
C e n tra l P a o iiio .. J u n e ........ 1,051,765 1 ,0 99,976 5 ,6 20,962 5 ,8 6 9 ,6 9 4
4 ,3 9 u
4,6 3 5
20,0 73
28,018
C h ar. Cl. <k S u t.. J u n e ........
C h a rle e t’n & S a v . M ay..........
2 4 5 ,075
273,913
5 1 ,8 2 2
50,8 8 5
1 9 5 ,5 7 4 1 9 9 ,4 0 3 6 ,4 09,277 5 ,9 7 2 ,1 05
Ohee. A O h io___3d w k A u g
Ohes.O.dsSo.VV.- J u u e .......... 1 6 5 ,634 1 9 0 ,5 1 6 1,103,981 1 .0 9 8 .600
C hic. B ur. & Q .d J u l y ............ 2 ,7 53.351 2,65 1 .7 6 6 18,345,468 17 ,* 2 0 ,650
7 0 ,5 2 2
O hio. & E a s t. I ll 3d w k A u g
90 ,1 5 1 2 ,3 90,167 2 ,2 9 6 ,5 25
C h lo .G t.W e st'n 3d w k A u g
9 4 ,5 3 4 2 ,8 7 9 ,0 0 9 2 ,2 6 5 ,0 8 7
9 7 ,6 2 7
O h io .M ll.& S t.P . 3d w k A u g 5 7 4 ,8 >7 5 7 0 ,4 0 9 18,819,615 1 6 ,465,142
O h lo .& fT th w ’n . J u l y ............ 2 ,8 55,233 2 ,6 43,542 18,348,401 15 ,7 0 4 ,697
Ohio. & N o. P a c . J u n e ..........
67.601
400,171
6 7 ,7 6 8
3 7 7 ,018
Ohlo.Peo.«feSt.L,. 3d w k A ug
20,2 4 6
5 8 1 ,979
2 0 .7 4 5
569,742
Ohio.R’k I . & P . . J u l y ........... 1,280,556 1 ,1 76,945 8 ,4 39,318 7 ,9 4 8 ,6 33
C hlc.S t.P .M .& u J u l y ...........
5 9 8 ,377 5 3 8 ,1 1 0 4 ,0 8 5 ,3 1 1 3 ,4 3 1 ,762
Chic. & W .M ien 3d w k A ug
9 7 3 ,6 2 0 1,035.855
36,911
3 6 ,3 8 7
C ln .G a .& P o r ts . J u l y ...........
5,7 5 2
5,511
3 4 ,3 1 5
35.791
C in.Jack.dk Mao. 3 d w k A u g
14,234
442 ,9 3
3 7 6 ,562
14,2 2 8
O ln.N .O . A T .P . J u l y . . . .
2 7 9 ,7 0 0 3 2 1 ,9 4 4 I ,
923,000.048.363
3
G in. F o r ts , ai V . J u l y ___
2 2 ,0 4 2
1 5 2 .884
2 3 ,1 3 7
143.444
O lev.C an. A S o .. 2 d w k A u g
12,814
4 1 8 ,4 9 6
16,781
3 9 8 ,835
Gi.Clu .Ch.dk St. 1 3d w k A u g 2 4 2 ,1 5 8 2 9 8 ,2 2 3 8 .1 0 2 .5 3 8 8 ,6 5 1 .012
P eo. & E a s t’ll J u n e .........
1 5 1 ,190 1 9 8 ,2 5 6
8 7 0 ,168
9 3 9 ,003
C l.L o r.A W heel. 3 d w k A u g
23,977
8 7 0 ,4 3 4
3 4 ,9 7 8
8 3 9 ,079
OoL M id la n d ___J u ly .
143,904 1 3 6 ,3 7 4 1 .0 9 1 .5 3 8
9 2 2 ,509
O o L H .V .& T o i J u ly .
2 0 6 .2 7 6 2 4 0 ,8 1 4 1,42 9 ,9 6 4 1 ,2 9 6 ,738
Ool. S a n d ’y A i i 3 d w k A u g
19,0 6 6
2 3 ,0 9 4
5 0 4 ,510
5 0 3 ,085
O olnsa A L ak e . J u ly .
1,791
7,691
2,177
9 ,5 7 7
C r y s t a l . . . , . ........J u n e
1,055
319
6,714
3 ,0 8 4
O nm bT’d V a lle y . J u n e
78.431
75.7 6 1
390,598
3 7 0 ,3 7 4
D e n v . A R io G r 3 d w k A u g 1 3 7 ,5 0 0 1 4 0 ,600 4 ,4 8 7 ,9 1 8 4 .2 4 8 .6 0 1
D os M. A K a n . C. 2d w k A u g
2 .1 2 0
2.0 9 1
67,055
51,049
D ea M. N . A VV. J u l y ...........
3 5 ,6 9 6
249,600
3 0 ,1 8 7
1 8 0 ,423
D e L L a n a ’gA N o. 3d w k A u g
2 7 ,5 4 5
23,7 6 5
6 9 8 ,1 4 0
7 1 9 .091
L>et.AM aokina< M ay............
4 3 ,8 5 3
49 ,3 3 4
219,795
142,638
Duiufihb.S.dferAti. 2 d w k A u g
4 1 ,0 3 2
2 5 ,5 6 1 1 ,2 9 9 ,7 6 4 1 ,1 1 1 ,429
iB lgln.JoL A E ast J u ly .
9 5 ,3 5 5
754,334
81,5 6 0
6 2 0 ,7 7 4
Eirle.......................J u n e
2,618,091 2,450,411 14,498,647 13,765,340
E u r e k a S p rin g s. M ay.
5,007
5,439
24,494
2 4 .791
B ra n s .A ln d 'p lit' 3d w k A u g
7.1
183,571
7.091
1 8 3 ,561
E v a n s . A R ich. 3 d w k A u g
2,3 6 1
2 ,5 4 0
71,9 6 9
6 8 ,983
E v ansv. A T. H 3d wk A ug
2 0 ,4 4 4
23,7 8 7
676,665
6 5 6 ,3 5 4
F itc h b u r g ............J u l y .............
621,3
6 7 2 ,4 9 4 4 ,1 4 3 ,1 6 5 4 ,0 1 7 ,491
F lin t A P .M a rg . 3d w k A u g
4 6 ,9 1 9
5 2 ,3 9 5 1,676,679 1 ,5 7 1 ,0 1 4
F la A ’c n t. dkPen. 2d w k A u g
2 8 ,0 7 4
26,351 1 ,2 86,215 1 ,2 3 2 ,2 0 2
F t.W ’thA D en.O . J u n o ..........
6 4 ,6 2 2
4 3 0 .078
67,739
5 0 4 ,628
FL W . A R io G r J u l y ............
16,6 1 0
170,124
19,967
1 9 5 ,548
B a d s . A A tt, U .Ju ly ...........
930
6,362
819
4,7 52
G e o rg ia B R ........4th w k J u ly
82,19><
3 1 ,0 8 5
7 8 8 .347
6 6 0 .091
G e o rg ia A A l a . . 3d w k A ug
18,279
10,556
4 7 1 ,235
2 8 8 .029
O a .C a r’l a A No J u n e
5 2 ,5 0 6
4 2 ,2 4 3
3 9 2 ,622
3 2 5 ,415
G eo. So. A F l a . . J u l y ...........
8 0 ,5 6 4
7 5 .5 2 0
5 0 5 ,806
4 6 2 .029
G r. R ap . A ln d 3 d w k A u g
41.991
4 3 ,8 4 0 1 ,2 60.776 1 ,3 0 2 ,3 1 4
C ln .R .A F t.W 3d wk A u g
8.2 8 9
8,559
264,671
2 7 8 ,0 5 7
T rav e rse C ity . 3 d w k A u g
987
890
31 ,5 1 0
2 8 ,658
M u s .G .R . A l 3d w k A u g
2,348
2,7 1 3
80,4 9 3
7 6 ,8 9 9
T o t. a ll lln e t 3d w k A u g
53,6 1 5
56,0 0 2 1 ,6 3 7 ,4 5 0 1 ,6 8 5 ,9 2 7
B ra n d T r u n k ... 3d w k A ug 3 9 1 ,2 4 0 3 8 1 ,4 9 3 I I ,
010
5 9,7,35644,419
C hic. A Gr. T r 1st wkAug
53,5 6 9
50,9 5 3 1 ,8 9 3 ,1 4 0 1 ,5 9 4 ,808
D e t G r.H .A M 1st wkAug
19,3 4 9
20,5 8 9
5 3 4 ,403
5 6 2 .445
C in.S ag.A M ae 1st wkAug
2,5 1 0
2,4 7 4
T ol.S . A M usk. Lst wkAug
2.001
1,979
G re a t N o rth ’n B t.P . M. A M jJ u l y ........... 1,370,570 1 ,1 90,212 7 ,6 3 9 ,9 7 8 6 ,4 2 1 ,1 7 7
161,915 116,357
E a s t o f M in n .. .1u ly ...........
9 1 7 ,4 7 5
6 6 1 ,5 4 3
H M o n tan a C e n t J u l y ...........
168,226 114,848 1 ,1 1 8 ,2 3 6
8 6 4 ,895
Xlip Tot. wvwt»m jJ n ly ............ 1,700,711 1,421.417 9 .6 7 5 .6 8 9 7 .9 4 7 ,6 1 5

1896.

1895.

1 Jan . 1 to L a test D ate •
H1895,
1896.

$
S
S
2 2 ,6 3 0
2 1 ,0 0 4
2,254!
& n lf * C h to a v o . | J u ly
2 ,4 6 7
2 5 ,2 0 7
H o o s.T u il. & W li. J u ly
2 8 ,3 2 7
4,647,
4,7 5 0
R o u s.* T e x .C e ii. J-u n o
18 4 ,6 8 0 2 1 2 ,0 2 6 1 ,3 0 9 ,7 6 2 1 ,5 8 7 ,7 6 6
4 5 ,4 0 2
6 0 ,7 0 0
H u m e s t’n& Slien J u u e
6 ,3 8 4
8 ,9 0 0
Illin o is C e n tra l, J u ly .
1,615 ,8 2 9 1,508 ,6 5 6 1 1 ,3 5 5 ,1 4 1 1 0 ,7 3 7 ,0 4 4
2 6 6 ,1 7 0
2 69,323
8,2 1 4
9 ,4 0 2
ln d . D eo.& W est. 1st w k A u g
3 3 0 ,1 0 6
349,101
6 5 ,9 0 2
5 6 ,9 4 0
I n d . 111. & Iow a. M ay ............
I n . * G t.N o r th ’n 3 d w k A ug
5 8 .6 8 4
5 0 ,7 8 8 1 ,8 0 0 ,9 1 2 1 .8 7 8 .9 9 3
4 3 ,5 0 0
tln te r o o . (M ex.) W k A u g . 8
39,7001 1,373 .1 1 6 1 ,4 2 7 ,6 0 2
9 5 3 ,7 2 9
2 6 ,3 7 6
3 4 ,5 2 2 1 ,1 1 3 ,4 2 9
Io w a C e n tr a l..- . 3 d w k A u g
2 8 ,0 4 0
2 8 ,9 2 5
I r o n R a i lw a y ... J u l y ............
3,7 1 6
3,628
2 1 9 ,4 6 6
1 4 6 ,5 1 6
2 7 ,0 3 4
2 6 ,5 8 4
J a c k . T . * K . W M ay ............
2 9 2 .3 3 2
2 7 5 ,9 7 8
K anaw ha& M ioh 3 d w k A u g
8,102
8.5 6 3
K .O .F.Soott& M 2 d w k A u g
7 5 .0 7 7
8 4 ,4 7 2 2 ,6 0 4 ,4 8 8 2 ,5 8 4 ,0 3 6
65 4 ,4 2 2
5 8 0 ,4 6 0
16,175
1 8 ,793
K.C. M e m .* B lr. 2d w k A u g
1 46,533
1 2 9 ,2 0 7
2 2 ,5 0 8
18,249
K an . C. N. W .... J u l y ............
2,3 8 0
2,9 3 2
402
44 0
K a n .O .* B e a t J u l y ............
43
1
,2
4
7
3
1 9 ,5 6 5
10,831
K . C. P itta . * G . . 3d w k A u g
19,517
2 1 3 ,8 4 5
7 .0 7 4
1 7 2 ,8 9 3
8,0 4 5
K an.C . S u b . B elt 3 d w k A u g
2 4 3 ,6 5 7
2 0 5 ,5 0 1
9 .9 0 7
7,317
K eo k u k * W est 2d w k A u g
3 4 ,247
3,707
4 4 ,7 7 6
6.578
L. E rie A U .& So. J u l y ..........
2
,1
6
1
.2
1
2
7
1
,7
4
3
2 ,1 6 9 ,8 3 8
L. E r ie * W est. 3 d w k Auj
6 2 .078
2 3 1 ,2 9 1
2 5 6 ,3 4 5
3 7 ,381
L e h ig h * H u d . J u l y ..........
3 2 .6 3 8
1 0 7 .1 6 4
1 9 ,2 6 o
9 7 ,2 6 8
19,655
L ex ’g to n & E ast. J u n e ........
5 2 5 ,0 4 1 5 1 6 ,1 9 4 2 ,2 0 2 246 2 ,2 6 2 ,2 2 5
L o n g I s la n d ........ J u l y ..........
5
3
,215
9 8 ,5 4 6
8,148
L os. A n g . T e rm . J u l y ..........
1 4 ,1 6 8
9 3 2 ,8 0 4
8 6 0 ,3 4 3
3 0 .9 3 4
3 2 .8 0 5
L o u is .E v .* S t.L . 3 d w k A u g
1
2
,3
7
2
,1
9
9
1
1
,9
0 9 ,3 5 9
L ouisv.& M asriv. 3d w k A u g 3 7 4 ,7 2 5 3 8 3 ,2 1 0
5 6 ,9 4 5
L ouls.N .A .& C h. 3 d w k A u g
6 7 ,3 7 6 1,9 L9,505 1 ,9 2 8 ,1 5 0
2
6
4
,0
2
6
2 2 9 ,0 8 2
L o u .H en .& S t.L , I th w li J u ly
1 4 ,3 1 7
1 4 ,061
4 0 ,5 4 9
3 1 ,981
M acon & B iru i.. J u ly
3 ,8 5 0
5,1 0 5
7 9 ,6 3 8
8 1 ,0 6 0
1 3 ,263
1 3 ,5 3 3
M a n ts tiq u e .......... J u ly
7 2 7 ,0 2 8
64 9 ,1 3 9
1 8 ,5 5 0
M em phis& O has 2 d w k A u g
2 1 ,657
18 6 .7 0 2 1 6 3 ,9 4 5 6 ,2 3 6 ,6 7 4 5 ,8 4 8 ,7 5 2
tM e x ie a n C e n t.. 3 d w k Au,
2 7 2 ,2 4 9 2 1 3 ,0 6 2 1,5 L9.096 1 ,2 9 2 ,6 5 1
M ex ic a n I n t e r ’l. J u n e ........
8 2 ,6 9 7
7 3 ,8 8 4 3 ,0 4 7 ,0 5 9 2 ,7 3 1 ,5 1 8
IM ex. N a tio n a l 3 d w k A u g
3 4 7 ,6 7 9
2 6 9 ,0 9 6
6 0 ,949
6 1 ,9 7 0
M ex. N o rtn e rn .. M ay............
5 9 ,4 9 6
IM e x lo a n R ’w ay W kA ug.15
5 7 ,6 1 7 1 ,9 3 9 .3 6 8 2 ,1 2 3 ,8 7 4
2 9 2 .2 0 2
3 1 5 ,7 9 0
9,2 5 0
9.7 4 7
M e x ic a n S o ........ 1 s t w k A u g
3 8 ,8 7 7
4 5 ,2 3 5 1 ,1 0 6 ,4 6 9 1 ,1 0 6 ,9 1 0
M ln n e a p .* St.L, 3 d w k A u g
5 8 ,4 3 0
M.
8 t.P .* 3 .S
t.M
. ug
6 1 .539 2 ,1 6 9 .2 2 2 1 ,4 5 8 ,4 7 1
d w
kA
Mo. K a n . & T e x 3 d w k A uj. 2 1 5 ,1 3 5 1 8 8 ,9 0 7 6 ,6 2 3 ,1 9 5 6 ,5 2 1 ,8 5 4
M o.P ao.& lronM 3d w k A u g 3 9 9 .0 0 0 401,00(1 1 3 .2 5 1 .0 0 0 13 ,2 5 3 ,4 0 7
3 3 7 ,6 2 0
4 4 4 .0 0 0
11,000
1 4 ,00o
C e n tr a l B r ’ch. 3d w k A u g
T o ta l.
3 d w k A u g 4 1 3 .0 0 0 4 1 2 ,0 0 0 1 3 .6 9 5 .0 0 0 1 3 ,5 9 1 ,0 2 7
1 6 7 ,6 2 3
1 6 3 ,8 2 5
5 .1 6 6
M obile & B lrm .. 3d w k A u g
5,688
2 6 9 ,5 2 1 2 4 5 ,2 5 7 1 ,9 9 4 ,6 8 5 1 ,8 4 3 ,7 4 6
M o b ile * O h io .. J u l y ..........
7 2 3 ,3 8 8
6 65.808
Mo nt.& M ex.GLt J u l y ..........
9 2 ,178
9 1 ,379
N a a h .C h .* S t. L. J u l y ..........
4 1 8 ,6 6 8 3 7 5 ,5 6 5 2 ,8 5 7 ,5 6 3 2 ,6 1 1 ,6 9 8
1 3 ,7 2 4
14,996
N e v a d a C en tra l, J u n e ........
2,6 8 7
2,381
2 7 ,910
2 9 ,3 6 6
7,9 8 5
N ev.C ’y N a r.G g e A p r il........
8.075
7 1 ,3 0 3
7 3 .497
N. J e r s e y * N . Y. M a rc h ___
2
3
,8
7
5 ,9 8 4
2
4
,5
3
9
,3
9
9
N .Y . C .& H . R . . J u l y .......... 3 ,4 8 5 ,4 8 8 3,54 5 ,4 9 8
8 2 ,9 0 7 2 ,3 7 4 ,3 3 2 2 ,2 6 4 ,4 2 6
N. Y. O n t. & W .. 3 d w k A u j
88,453
1
,2
3
0
,7
3
2
1
,2
6
8 ,0 6 9
N. Y .8 u s q .* W .. J u l y ..........
1 92,477
198,787
N o r f o l k * W est 3 d w k A u g 2 0 6 ,4 3 4 2 0 5 .6 1 7 7 ,0 9 8 ,4 9 4 5 ,7 2 2 ,6 5 5
2
5
,1
6
4
2
1
.6 6 1
3 ,2 7 0
N o rtb e ’r n (G a .j. M ay
3.3 1 4
N o rtb ’n C e n tra l J u ly
4 9 3 ,1 6 3 5 0 5 ,7 6 6 3 ,4 4 8 .7 9 2 3 ,5 4 2 ,1 9 6
9
,2
7
2
,6 4 1
1
0
,1
6
6
,4
1
2
N o rtk ’n P aoitio 2 d w k A u g 3 8 0 ,9 1 7 3 4 4 ,5 2 1
1 3 ,8 8 2
19,613
2 .6 8 0
O eonee & W est I u ly
2 ,8 4 6
4
9
5
,2 3 2
61 4 ,2 7 8
2 0 ,9 2 4
O hio R iv e r ........ 3 d w k A u g
1 8 ,6 8 7
9 9 ,4 5 9
102.220
1 3 .236
13,855
Ohio R iv .& C lia s J u ly ..........
3 9 8 .8 4 2
4 2 9 .3 5 5
5 9 .1 0 6
O hio S o u th e rn J u l y ..........
5 7 .8 0 2
O re g o n I m p . Co, J u n e ........
27 4 ,8 7 5 1 .5 8 7 ,2 4 2 1 .5 7 0 .9 9 4
2 73,817
3 9 2 ,0 5 4 3 7 *,592 1 ,9 9 0 , L69 2 ,2 9 1 .1 0 1
P ao iiio M a il___ J u n e ........
P e n n s y lv a n ia .^ J u l y .......... 5 ,2 5 8 .5 9 5 5 4 15.395 3 5 5 6 4 .0 7 0 3 4 ,9 7 4 ,1 7 0
5 5 8 .3 5 3
5 3 0 .4 7 6
18.663
2 1 ,728
P e o ria D e o .* E v . 3 d w k A uj
2 6 4 296
3 0 2 ,2 6 4
5 2 ,0 9 2
P e te r s b u r g ......... J u n e ........
4 8 .9 1 9
P b ila . & E r i e .. . J u n e ........
36 9 .1 9 8 37 6 ,9 3 8 1 .9 1 7 ,8 7 3 1 ,8 5 0 ,7 3 9
P b ila . & R e a d ’g . J u l y .......... 1,72 0 .6 0 3 1 ,8 1 4 150 11 2 6 8 .0 3 2 11 6 1 8 .7 2 1
C o a l& Ir.C o ... J u l y .......... 2,0 2 8 205 1,905 605 12 4 0 4 ,1 9 9 12 3 42 233
T o ta lb o th C o s . J u l y .......... 3 ,7 4 8 ,8 0 s 3,7 1 9 755 2 3 ,6 7 2 2 31 2 3 9 60 9 54
3 5 0 ,1 9 6
3 2 7 ,8 0 2
6 6 ,8 8 9
P b .R e a d . & N .E . J u n e ........
6 1 ,7 8 6
P itts . O .C .& St.L, J u l y .......... 1 ,2 2 9 ,6 4 0 1 ,3 1 5 ,5 7 4 8 ,5 0 1 .2 8 0 8 .2 8 7 ,6 4 5
2 3 ,8 4 5
2 4 .1 5 3
3.068
P it ts . L isb .& W ’n J u l y ..........
3 .4 5 6
3 7 4 ,2 4 7
4 1 4 ,8 1 0
1 5 .106
t>ltt.S h e n .* L .K 3 d w k A u g
1 5 .8 9 9
3 8 .7 2 2 1 ,0 7 0 ,4 5 9 1 ,0 5 8 .2 1 1
2 9 ,2 0 6
P ltts b . & W est- 3 d w k A u g
5 47 803
4 9 7 .5 0 1
2 0 8 S3
1 3 ,6 5 0
P ltts . C l.& T oi 3 d w k A uj
2 1 1 .5 2 8
2 5 6 .1 3 5
8,866
8,3 9 7
P it ts . P a . & F . 3 d w k Auj
1
,8
7 0 ,2 2 9
1
,8
4
7
,4
0
7
6
8
.471
5 1 .2 >3
T o ta l s y ste m . 3 d w k A uj
69 7 ,7 9 9
7 0 0 ,9 7 7
1 8 1 .3 5 4
P ltt.Y o u n g ,* A . J u u e ........
1 6 9 ,8 6 7
13
8 ,0 9 3
1
70.809
21,117
2 3 ,5 1 0
Q u in cy U .& K .C , J u l y ..........
3 7 5 ,7 5 5
3 8 6 , 81
7 4 .067 . 7 8 ,1 9 2
R lc h .F r’k sb .& P J u n e ........
16
5 .0 4 4
1
7
8
,3
8
9
3 2 .0 8 4
2 9 ,8 8 8
R ioh. & P e te rs b . J u n e ........
2 4 7 .0 8 0
2 8 6 .7 2 1
11,000
1 1 ,116
Rio G r. S o u th n 3 d w k A uj.
1
,3
9
8
,0 4 8
5 3 .6 0 0 ' 1 ,4 4 3 ,4 6 4
4 6 ,3 0 0
Rio G r.W e s t’n .. 3 d w k A u g
6 4 ,1 9 6
6 - ,1 1 4
9,5 2 9
10.802
S a g .T u s o o la * H J u l y .. .
1
9
,4 2 7
2 1 .585
7.1 0 3
8,591
S ag .V al. * S t. L. M aroh
3 2 2 ,9 9 1
3 2 2 ,1 0 8
3 3 .0 5 0
3 4 .9 2 0
St. L . A . & T, H 4 th w k M a r
3 .7 2 5
3 ,9 4 5
8 t.L .K e n ’e t* 8 o . J u l y .
S t.L .& S a u F r a n . J u n e .......... 5 2 4 ,5 4 8 4 5 0 ,8 6 4 2 ,9 1 8 ,6 5 4 2 ,7 6 2 ,5 4 3
8 2 ,2 0 0 2 ,7 0 7 ,8 9 0 2 ,9 0 4 ,9 5 2
7 3 .9 0 0
S t.L .S o u th w ’r n . 3 d w k A u g
7 4 7 .0 8 6
757,0b 3
1 3 8 .8 8 0
S t.P a u l& D u l’th J u l y ............ 1 3 1,40
8 8 4 ,1 3 1
81 5 ,0 8 8
1 36,633 1 3 5 ,9 0 5
S a n A n t . * A .P . J u n e ..........
4 4 6 ,3 1 2
4
1
5
,3
9
9
8
2
,3
tiO
7
3
,173
J
u
l
y
............
S .F ra n .& N .P a c .
2 7 0 .8 1 3 1 ,4 4 1 ,9 7 6 1 ,3 8 5 ,9 8 7
2 8 8 ,1 3 3
S a v .F ia . * W est. M a y ............
1 76,241
13
8
,5
6
1
8,0
2
8
■Uhok
J
u
ly
5,358
S h e r .S h r e v .* So
7 9 ,319
9 6 ,2 1 5
17,731
2 4 ,5 0 4
Sil. Sps. O. & G M ay ............
9,i*72
6.0
o
0
S ilv e r to n ........... J u l y ............
9 ,3 3 1
1 2 ,6 2 6
2,1 4 3
3,2 5 0
S o .H a v e n & E a s t J u l y ............
So. P a c iflo C o .G a l.H a r.& S .A J u n e .......... 3 37.421 3 2 0 .3 2 1 2 ,3 8 2 ,9 5 5 2 ,1 8 9 ,5 0 4
5 4 2 .5 5 1
4 3 4 .2 3 0
7 3 ,0 1 0
5 5 ,3 5 4
L o n ls ’a W est. J u n e ..........
312,:;'98 3 6 3 ,8 2 3 2 ,3 0 0 3 L2 2 ,8 0 9 .0 4 3
M o rg a n ’s L * T . J u n e ..........
1 1 1 ,8 0 0
9
5
,5
1
7
15.289
1 4 ,487
N .Y .T . & M ex J u n e ..........
8 0 3 .8 4 9
6 3 3 .0 2 3
12 0 ,8 2 6
9 2 ,278
T e x . & N . O rl.. J u n e ........
6
,5
8 6 .8 6 3
5
.9
1
2
.3
6
2
9
0
6
,2
9
k
A tla n tio ay a. 0. J u n e .......... 82 3 ,4 6 7
P a e ih o s y ste m J u n e .......... 2 ,5 1 8 .0 3 5 2 ,6 1 0 .5 5 14 .7 8 6 ,9 6 7 14 7 2 7 .3 2 0
23
0
8 4 ,3 5 0
2
2
,2
1
4
,3
5
8
3
,7
2
5
.2
0
9
T o ta l of a ll.e J u n e .......... 3 ,5 6 4 ,9 3 3
So. P a c . o t Oa) J u n e .......... 7 3 1 ,2 7 0 8 ‘»3,084 4 ,8 0 7 ,7 8 8 4 .7 7 3 ,6 5 4
1
,1
2 6 ,2 4 4
1,16
8
.1
4
3
1
5
4,09
4
1 6 0 .7 1 0
S o .P a o .o f A rl* J u n e ..........
5 2 8 .2 9 9
5 8 8 .8 2 2
7 7 ,652
8 7 .152
S o .P a c .o fN .M J u n e ..........
8
4
8 .1 8 9
9
5
9
.9
1
6
155,088
N o r th e r n R y .. J u n e .......... 172,501
S o u th e rn R y .. . 3 d w k A u g 343,611 3 3 6 ,4 1 8 11 ,1 3 5 ,1 1 5 1 0 ,9 1 3 .0 4 0
1
4
1 ,2 3 2
2
2
8
,6
0
0
2
7
,785
4 0 ,8 0 0
Spok. F ’ls& N or. J u l y ............
3 7 0 ,5 0 0
3 8 0 .2 7 0
8 8 ,8 5 2
9 7 ,2 3 0
S ta te n Isl. R . T. M ay .............
12,065
1
1
.459
4,5
1
4
4 ,1 5 6
S to n y Cl. * C M t.. J u n e ..........
6 7 8 ,7 9 9
5 5 5 ,5 3 1
8 5 .7 1 6
7 3 .1 5 2
S u m m it B ra n ch . J u n e ..........
3 9 2 .2 5 9
5 8 518
5 1 .332
68 521
L y k . V a l. Coal J u n e ..........
T o t’lb o th Co’s J u l y ............ 1 4 1 ,6 7 3 137,048 1 ,0 6 4 ,0 4 9 1 ,0 7 1 ,0 5 8
9
3
,312
9 8 ,5 2 8
1 7 ,990
15,952
T e x a s C e n t r a l.. M ay ............
9 6 ,941
106 677 3 ,5 1 8 .1 5 3 3 ,8 0 1 ,2 2 5
T e x a s * Paolllo. 3 d w k A u g
1
2
,6
2
0
1 7 ,5 0 8
3.009
2 ,5 6 4
Tftx.8. Val&N. W M ay ............
3 8 .916
3 1 ,005
C o l.* O h lo C e n t. 3 d w k A u g
588.644
5 7 6 ,5 7 1
15,514
21,19
Tol. P . & W est . . 2 d w k A u g
4 0 .0 2 4 1 ,3 0 3 .9 6 6 1 ,0 9 6 .6 4 7
4 5 ,7 6 5
T o l.S t. L .& K .O ‘3 d w k A u g

THE CHRONICLE.

AUGUST 20, 1896.]
L a te s t G ra ss E a r n i n g s

I I a n , H o L a te s t D an-.
2 d w eek, o f A u g u s t.

R oads

Week, o r Mo

1895.

1896.

8

$
U ls t e r A D e l — J u n e
U n io n P a o iB e —
O n . P a e , K B . . J u n e . . . . . . 1 ,1 2 8 .0 9 4
O r . S . L . A U . SI June....... 1 408,3011
8 t J a s . i G d . I s . J u l y _______
4 6 651
(1,063
K a n .C .A O m J u n e ..........
2 6 ,1 8 4
r o t .S t . J . A G .L ; 1st w k A n jj
3 1 .0 0 0 ,
C en t. B r ......... o >I t h w k J ul.v

Aeh.C o!. & P . , .
V e b .T .C .A w \
O e n .H r .4 L M L .
t i r 'd t o t a l ' (
U .F a o ,D .A G ...
W abaeh . . . .
W a co*N orth *
W est J e r s e y .
W . 7 O n .A P in s

.

W est 7a. & P lu s A p r il..........

8 4 .0 6

W e s t e r n o f A lit..: J u n e . . . . . .
W e a k M a r y la n d D e c e m b e r
W eek S . Y A Pa 3d w k A n g
W a e e i. A L. E r l, 3(1 w k A u g
W is c o n s in C e n t .3 4 w k A u g
W .-t g h n iv .A T e i) J u n e ...........

3 9 .7 1 0
9 8 .7 3 7
7 3 .0 0 0
2 9 .4 2 4
0 5 .2 6 0
5.( A S

1896.

*
1 7 1 .4 6 8 .

.1 8 8 ,0 5 2
5 ;-2 .9 3 3
3 9 ,9 0 8
3 9 -2
1 0 ,0 1 4
1 7 .0 . 0

2 5 .2 1 7 ’
...........
3 7 ,4 4 3
J u n e ..........
J u n e .......... 1 .9 4 8 .1 8 4 1
J u n e ..........
2 6 4 ,8 4 2
3.1 w k m , ’
2 5 0 .0 3 0
J u n e ......
1 3 .0 0 6
A p r i l ............ 1 2 4 .3 9 4
M a y .............
9 7 ,6 5 5

f
1 6 3 .6 6 5

6 , 1 8 1 . 0 ’ O' 6 ,4 1 1 ,0 1 3
2 ,5 5 8 ,6 3 2 2 .3 2 0 ,1 0 4
2 8 8 ,3 0 6 1
2 ?2 0 5 0
1 BJfl
4 - '.7 8 7
3 6 8 ,3 0 1
3 9 8 .0 0 8 :
4 0 2 ,0 0 0
3 0 4 .2 3 9
1 4 5 .6 4 3 :

1 2 7 .3 ,3 J

3 3 9 .3 2 3 :
4 0 ,6 5 0
8 5 6 ,4 1 5 1 0 0 2 8 ,2 1 0 ;
1 ,4 6 2 ,2 8 2
2 4 9 .9 6 2
2 9 1 ,2 6 5 7.0.14,2581
1 . '. " 9 2
1 0 4 .. 9 6
4 1 3 ,8 0 4
1 1 7 ,1 8 7
4 7 2 ,3 7 4
83.0. 59
1 1 9 ,8 0 2
3 0 .4 3 3
2 5 7 ,2 4 6 :
3 8 ,3 3 4
9 2 .3 5 1 1 ,2 9 8 ,1 8 7 !
7 3 ,0 0 0 1 ,3 4 0 .1 1 4
-6 4 .0 1 5
2 8 ,3 2 9
1 0 2 ,7 4 2 2 ,7 8 7 ,8 9 1
4 4 ,7 6 9
5 174

2 6 5 .2 4 0
9 ,8 6 3 ,8 3 2
1 ,4 2 3 ,1 4 7
7 ,5 9 6 , 3 9
1 0 1 ,4 2
3 9 0 ,5 6 1
4 0 3 ,3 2 1 0 1 741
2 3 3 ,5 .1
1 ,2 4 8 ,4 5 3
2 ,0 2 1 ,6 6 7
8 0 3 ,8 6 2
2 ,7 2 7 ,8 0 5
3 8 ,2 6 3

1 8 .7 8 5 :

L a t e s t H r o s d K a r n l n g * h v W e e k * . —- T h e l a t e s t w e e k l y s i r la g s in th e fo r e g o in g a re s e p a r a te ly c i n u a e l u p a s fo llo w s ;
F o r th e th ir d w e e k o f A u g u s t o u r p r e lim in a r y s t a t e m e n t
c o v e r s 6 3 r o a d s , a n d s h o w s 1 D 8 p e r c e n t lo s s in t h e a g g r e g t 'e
o v e r th e sa m e w e e k test y e a r .
]

1890.
t
2 7 ,1 1 9

A n n A r b o r ...............
A tla n tic A D a n v ille . . . .
B a lt . A O h io S o u t h w e s t
B u ff a lo fto c h . A P M ta h V
B u rt. l e d . K a o . A If.
C a n a d ia n P a c l B c . .. .
C h e s a p e a k e A O h io ,
O h le a k o A S a a k t u t n o t * '
O h io. P e o r ia A S t. L o u is
C l o , J a c k A M a c k ............
C S eve. C t n .C h ic . A 8 k L .
D e n v e r A R io B r a n d o ..
E t u n s i . A R ic h m o n d .. ..
E v a n e y . A T e r r e H a u te ..
F lin t A P a re M a rq u e tte .
G e o r g i a A A la h u o u * --------

I '.ttU f . s h e a . A L. K n e .

PUS*tMiry a W e s t e r n ........
K in O r a n d e S O iit h c r ft .* . ,
R i o G r a n d e W e s t e r n ........
S t , L o u ie d o a t h w e s t e r n .
S o u t h e r n R a t) w a y . . . . . . . .
T e x a s A P te d e b ,. ...........
T o l e d o A O h io C e n t r a l . .
T o t. S t U A K an . C ity .
Y . & P e o n ...
^ h e e lin g A L a k e E r i e ...
W l.w o n s ia C e n t r a l . . . ,
T ota l l6 3 r o a d a » ..„

w

s ,6 # t

m .A m
200.434
1
1 9 tm $

1^ ,8 m
n 1 ,2 * 8
U .iH J
4M O O
7 S .9 0 O
3 1 3 .6 1 1
9 6 .9 4 1
3 1 .0 0 5
4 5 .7 0 *
2 5 0 ,0 3 0
7 3 /iO f*

2 1 ,4 7 4

2 3 ,0 9 *
1 1 0 .6 0 0
23,7 6 .4
7 ,0 0 1
3 .5 4 0
3 3 .7 8 7
5 2 .3 9 5
10 640
4 3 .6 4 0
* ,5 5 9
890
2 .7 1 3
3 8 1 .4 9 3
M l f7«J»
3 1 ,5 2 2
* ,1 0 2
1 0 ,4 3 1
7 ,0 7 4
7 1 ,7 4 3
3 0 ,9 3 *
3 * 3 .2 1 0
072 470
t « 3 ,!» t .4
7 3 ,M 4 ii

45,235

li b e r m s t,

.......................'
*

31.4
5 ,1 * 1
. . . . ..
2 9 ,0 0 0
3 ,0 0 3
5 24
0

5 ,9 0 0 ,2 6 0

****499

4 ,0 ? 8
3 ,( 0 0

**I*,S49
270
07
5.7*47
7 ,0 9 0

‘ * * *365
* * 8 .1 4 6

161
8 ,6 « « {
97L

* 9 .0 6 6
1,8 7 1
9,48*6
1 0 ,4 3 1

2 2 ,7 5 7
S .S 1 3
6 ,9 6 9
3 .1 0 9
*3*000

5 ,8 * 7 ,5 9 1

3 .8 2 0
1 0 ,8 2 9

7 ,7 2 3

11,0 0 0

W M Q
10 2 ,7 4 3

11,575

170
3 ,3 13
5 .4 7 6

2 0 ,2 2 8

9 5 .2 6 6

*
2 .2 0 3
4 ,4 0 0
1 ,1 4 0

1 1 .0 0 1

6 1 .4 49
1 * 8 ,9 0 7
4 0 1 ,0 0 0
» .« « !
0 3 ,9 0 7
0 0 5 ,6 1 7
2 0 .9 2 1
2 1 ,7 2 9 s
1.4.106;
6 0 .1 7 1 ;
1 1 ,0 0 0 ,
5 3.8001
8 2 .2 0 0
3 -1 6 .4 1 8
1 0 6 ,6 7 7
3 0 ,0 1 6
4 9 ,0 2 4
2 9 1 .2 6 5
7 3 ,0 0 0

D ecrea se.

5 6 ,0 6 5

3 ,7 8 0
81

2.000
m m
5 ,4 4 6
817!
' 7 ,9 3 7
3 ,0 6 5
703:
1*7,218
116
7*300
9 .3 0 0

7 ,1 0 3

(V.7*36
7 ,0 1 1

5 .7 4 1
4 i *,23*5
600
1,0f»5
’ 7 ,4 7 6
1 6 6 ,9 5 4

•***'<*•*»
* »* * * * »-’
* S i x w o t k i n g d a y * t h is y e a r , a g a i n s t s e v e n la s t%y e a r .
1 D e c r e a s e d o e tu s t r ik e * a t t h e C o - o p e r a t i v e1 M
.Miline*.

C la v e . C a n t o n A S o a t l i ’ n
D e ( M o in e s A K a n . C ity .
D u lu th S o . S h o r e A A t i ..
E ^ a o s v jll e & R ic h m o n d ..
F la . C e n t. A P e n i n s u l a r . .
'te o rs w a A A l a b a m a .........
K a n . O ttv F t . 8 . A M en
K a n . C it y M e m . A B ir in ,.
K e o k u k A W e s t e r n ............
M e tn o h ls A C h a r l e s t o n . .
M e x ic a n R a i l w a y ........... .
M o b ile A B ir m in g h a m .
N o r t h e r n P a c i f i c .................
C n ledo “ s a r i a A W e sc’ n . .
W e s te rn 24, Y . A P e n n .. .

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

T o t a l 174 r o a d s ) _______ _
s e t d e c r e a s e (1 -9 6 0 , 0. 1 .

6 ,3 4 8 ,7 3 5
. ...

6 ,4 7 5 ,4 2 6
...

2 9 4 ,6 3 2
1 1 7 ,6 7 8

P r v V lv r n p u r i.d ,-5 « r M .i
A M s n r l c A P a r 'U ,-... . . . .

*
5 ,5 4 4 .9 2 9
.52.1 76

*
5 ,6 9 0 .3 4 2
5 9 ,3 5 9

In crea se.
•»
1 0 3 ,3 5 7

D ecrea se

18 9 6 .

$

A lle g h e n y V a ll e y ..., J u ly
2 0 1 ,8 4 8
J a n . 1 t o J u l y 3 1 . . . , 1 .3 5 5 ,9 0 3

9 .3 9 5
2 ,6 1 *
2 ,5 9 0
3 ,1 0 7
1 ,3 7 9
139
3 6 ,3 9 0
5 ,6 3 4
7 ,5 0 0
2 5 6 .6 3 7
.......

3 8 3 ,3 7 8
1 2 6 ,6 9 1

--------.Vet E a r n i n g s . --------.
1896.
1895.
S
$
2 2 2 ,5 0 2
3 4 .7 2 4
9 8 ,5 5 0
1 ,3 9 3 ,6 3 2
4 7 1 ,2 7 0
5 5 4 ,6 2 8

1895
$

L e h ig h V a lle y In S . V . 9 5 3 ,1 2 9
1 ,2 0 -2 ,0 5 9
.Vpr. 1 t o J u n e S o —
J a n . 1 t o J u n e 3 0 . . . 2 ,3 6 3 ,9 0 5 1,901,433
M on terey A M ax. G u lf—
3 0 5 ,5 2 9
2 7 3 ,7 5 9
A p r. t to J u n e 3 0 . . .
631,210
5 7 4 ,4 2 9
,!a a . 1 t o J u n o 3 0 -----V 9 8 ,? * 7
1 9 2 ,4 7 7
Sf. Y . 8 u a . A W e n t b J u ly
1 ,2 3 0 .7 3 2 1 ,2 8 8 ,0 6 9
J a n - 1 t o J u l y 31 —
5 0 5 ,7 6 6
4 9 3 ,1 0 3
K o it h . C e n t r a l .h . . . J u l y
3 ,4 4 3 . *92 3 ,5 4 2 ,1 9 0
J a n . t t o J u l y 31
P e n n s y lv a n ia —
U n tw i l i r e o t i f n p e r a t e d —
K a -t o f P i n s . A K J u l y 5 , 2 5 8 ,5 9 5 .5 .4 1 5 ,1 9 3
J a n . t t.( J u ly 3 1 . . 3 5 . 5 6 4 , 0 7 0 3 4 .9 7 4 ,1 7 0
D e c . 3 3 0 ,9 0 0
W e s t o f r i i t s . A B . J u ly
3 7 8 ,4 0 0
In c,
J a n . 1 t o J u ly 3 1 . .
A ll lin e * o p e r a t e d —
1 5 8 ,6 0 0
D
e
o
.
E a st o f P itta a E. J u l y
In o.
5 0 6 ,3 0 0 1
J a n . 1 to J u ly 3 1 ..
D o n . 3 6 8 ,3 0 0
W est o f P m * .a k . J u ly
Xan. l t o J u l y 3 i . .
I n o . 3 5 8 ,3 0 0
P h lia . A R e a d in g ........ l u l y 1 ,7 2 0 ,6 0 3 1 .3 1 4 ,1 5 0
J a n . 1 t o J u ly 3 1 . . . . 1 1 , 2 6 3 .0 3 2 l l , 6 l « . 7 2 1
D e e . I t o J u l y 31 ...1 :1 .1 0 1 ,2 3 * 1 3 ,1 7 0 ,6 4 8
G o a l A I r o n C o ........ J u l y 2 . 0 2 6 ,20 5 1.9 0 3 .6 0 5
J a n . 1 t o J u - v n . . . 1 2 . 4 4.1 •(!>■ 1 2 .3 4 2 ,2 ! !
D e c . t t o J u l y 3 1 . . . . 1 4 . 8 2 0 . 5 5 7 1 3 . 9 3 0 , 489
T o n ! 1. 0 th c . . - ____ J u l y 3 , " i * .8 0 8 3 ,7 1 9 ,7 .5 5
J a n . 1 to J u l y 3 1 . . . . 2 3 . 6 7 2 .2 3 1 2 3 .9 6 0 ,9 6 4
D e c. 1 1*1 J u ly 3 1 . . . . it7 , 7 .: ! * t:> 2 7 , 1 0 1 ,1 3 8
R i o G r a n d e S o u th b . J a t y
3 7 .9 1 7
3 4 ,9 4 2
J a u . i t o J ii! f 3 1 . . . .
2 5 7 .5 6 5
2 1 8 ,4 1 .5
s o u t h e r n R a llw a y .B ..J u l y 1 .1 2 3 ,8 7 5 1 .5 0 0 ,9 3 1
J a u . 1 t o J u l y 3 1 . . . 1 0 ,1 0 0 , 4 2 7 9 , 9 0 1 ,2 6 8
■Summit B r a n c h .......... J u l y
7 3 ,1 5 2
8 5 ,7 1 0
078,7»9
J a n . 1 to J u ly 3 1 —
5 5 5 ,5 3 1
L y k e u * V a L C O a l... J u ly
0 8 ,5 2 1
J a n . 1 t o J u l y 31 . .
5 0 8 ,5 1 8
T o ta l b oth C o’* . . . . J u ly
1 4 1 ,8 7 3
J a n . 1 t o J u ly 3 1 . . . 1 ,0 6 1 .0 4 9
W a b a n h .b .......................J u l y 1 ,0 1 5 ,5 0 0
J a n. 1 t o J u iy 3 1 . . . . 6 ,6 7 5 ,3 1 6

1 ,4 5 1 ,5 1 9
2 ,4 5 6 ,4 9 6
1 2 0 ,1 7 1
0 0 0 ,2 9 7
1 9 ,3 0 3
1 1 0 ,2 6 3
5 0 9 ,3 3 6
2 ,3 6 0 ,1 3 9
9 7 3 .3 2 3
5 ,9 7 0 ,4 0 2
1 3 ,1 0 9
8 0 ,4 9 7
2 4 ,(8 2
2 5 3 ,1 9 9
7 6 ,5 0 7
4 8 3 ,5 2 4
1 1 9 ,2 9 0
( 1 7 6 ,3 7 9
l* ,9 4 l
W 8 .3 3 6

1 ,0 0 6 ,1 2 9
2 ,0 5 0 ,8 0 7
1 0 5 ,7 3 0
4 3 7 ,4 3 3
1 1 .8 7 4
7 7 ,0 4 0
4 6 6 ,4 9 5
2 ,6 4 7 .1 9 2
8 6 2 ,5 9 4
5 , 5 5 5 ,6 0 8
1 7 ,7 6 1
7 0 ,9 1 7
3 6 .5 4 7
2 5 6 ,5 7 2
6 0 ,6 6 5
3 1 7 ,5 1 3
1 1 5 ,2 1 1
17 9 ,3 8 0
1 .1 7 1
8 ,7 0 1

3 5 9 .3 * 4
6 1 6 ,6 9 3

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

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

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

1 ,4 8 2 ,6 3 1 1 , 5 5 9 . 8 3 1
8 .9 7 5 ,1 8 7 9 ,2 0 5 ,1 8 7
D e c . 2 4 7 ,9 0 0
In c.
6 1 ,8 0 0
D ee,
9 2 ,1 0 0
D e e . 6 6 3 ,5 0 0
D uo,
Luc.
7 1 2 ,8 8 2
8 1 3 ,6 8 8
1 ,6 4 7 , 6 - 5 4 , 8 0 5 ,3 4 9
6 ,4 8 3 ,4 2 3 5 , 5 7 0 ,2 1 1
6 6 ,7 7 6
J f .5 1 ,6
78
____
d f .3 5 5 ,8 6 7 S f .4 0 3 ,4 7 0
d f . 4 3 - , 2 * 7 d f .3 9 J .8 9 7
7 7 9 ,6 4 8
7 6 2 ,0 1 0
4 , 2 9 1 . - 1 * 4 ,7 0 1 ,8 7 9
5-------------------------------------,0 2 6 ,1 3 6 5,179,314
1 4 ,3 5 2
9 6 ,2 7 0
3 2 7 ,8 7 6
2 , 4 5 4 .1 4 7
d h f .3 ,9 S t

18,062
100,682
352,484
2 .2 * 9 , 7 7 8
d c f .9 , 0 0 5

7 1 ,5 (1 6
daf.80,567
51,332 def.2,915 rt»r.21,514
3 >2,259
24,594 def. 19,758
137,048 darts,* id d«f.31,209
1,071.05* dnf.55,973
51,74*
1,071.023
315,315
317.814
6,747,034 1,752,882 1,679,107

* 1n e l il d i * M nnoril -v M o n t r e a l f o r 1 9 9 0 . h u t n o t f o r 1 8 9 5 .
t toniU dlU R o t il e r In o o r o e , t h e n o t f o r J u l y w * » $ 1 9 ,7 2 0 , a k a lu s t
7 4 5 ,0 4 1 , a n d f r o m J a n u a r y 1 t o J u l y 31 w a a ♦ 2 6 8 ,6 8 5 , a g a i n * ! $17 1,•
680.
a S o t e a r n in g * h e r e g t r o n a r e a f t e r d n lit e t ln g t a r e * ,
b S e t e t r u in g * h o r n g i v e n MM b * f u r « lie d n o t i n g t a x e s .
I n t e r e s t C h a r g e s a n d S u r p l n » . — T h e f o l l o w i n g r o a d s , ir,
a d d itio n to th e ir g t t m a n d n e t e a r n in g * g iv e n in th e fo r e g o in g ,
a ia o r e p o r t c h a r g e s f o r in t e r e s t , & i;., w it h t h e s u r p l u s o r d e f i c i t
a b o v e o r b e lo w th o se c h a r g e s .

— I n te r ’ i, r e n ta l s , ate.,-,
1896.

B u ffa lo A B u * t p i« h '» ..J n l y
C h ic , B u rl. A Q u i n c y ,. 0
J u l1y
J a n . 1 tu J u l y 3 1 . . . .
H lo f j r a n d c S o u t h . . . J u l y

Jl tJUti.lt MUIIPI UI

3 4 4 .7 7 0
6 .1 8 2

44
1 .7 2 3
5 ,2 1 4

B o s t o n A M a i n e .b * —
A lt . 1 t<( J u n e 3 0 . . . . 5 ,0 2 9 ,0 2 1
L 3 2 9 .S 6 5
J a i l l t o J u n o 3 0 . . . . 9 ,3 0 3 . 1 3 2 7 ,9 9 3 ,8 6 3 :
B ut!. R o c h .A P itta b . J u l y
3 1 3 ,3 2 7
2 9 1 ,7 1 9 1
J n n . 1 t o J u ly 3 1 . . . . 1 ,3 5 6 ,0 7 8 1 ,7 0 7 ,3 3 6
B u ffa lo A S iu m t ic U 'li..J u ly
4 1 ,5 7 2
3 6 ,2 U
J. 10 . 1 W J u l y 3 1 . . . .
2 7 2 ,0 7 3
2 1 0 ,1 8 9
C e n tr a l o f X , J a — J u l y 1 ,1 9 9 .3 5 6 1 ,1 2 7 ,8 3 1
J a n . 1 tu J u l y 3 1 . . . . 6 ,9 U .9 49 7 ,0 4 9 ,3 0 3
O hio. B u r l. A O u lu .b J u l y 2 ,7 5 3 ,3 5 1
2 ,6 5 1 ,7 6 3
J a u . I t o J u l y 3 1 . . . . 1 8 , 3 4 5 . 1 6 8 1 7 ,3 2 0 ,6 5 0
6 8 ,6 2 0
6 6 .2 4 4
C la v e . C a n t o n A S o . J u l y
3 6 6 ,4 30
3 * 3 ,6 9 2
J a u . 1 to J u ly 3 1 . , .
1 3 7 ,6 7 2
1 5 6 ,3 5 2
C o lo r a d o M id la n d ...... I n n *
9 4 7 .6 3 4
7 8 0 ,1 3 5
J a n . 1 t o J u n e 3 0 -----1 9 0 ,1 0 0
1
9
9
,0
9
0
O O L H o o k -V a l A T . b lu n o
1 ,2 2 3 ,6 3 * 1 ,0 5,1124
J a n . 1 u> J m * 3 0 . . .
3 0 ,8 3 7
9 3 ,0 5 3
a * j r i r i » . a . . „ ...............J u l y
7 3 3 .3 4 7
0 6 0 .0 3 1
Jan . l to J u ly a t —
7 4 ,0 6 9
3 9 .4 8 5
G e o r g i a A A t e b 'a . u .. J u l y
4 1 7 ,2 9 9
2 3 5 ,0 8 1
J a n . X to J u ly 3 1 . . . .

B u ff. Itor.h, A P i t t s , - J u l y
1905.

S'
3 ,9 6 7

29
1 5 ,4 7 1

s a r n t n )* .-

Hoads.

R o tu t* .
i *m .

D ecrease,

$

.N e t L . i r u t u g s r t m i t i t l y t « L a t e s t ( L i t e * . — T h e t a b l e f o l l o w ­
in g s n o w s th e n e t e a r n in g s o f STEAM r a ilr o a d s r e p o r t e d th is
w ees.
A fu ll d e t a ile d s t a t e m e n t , i n c lu d in g a l! r o a d s f r o m
w h ic h m o n t h l y r e t u r n s c m b e o b t a i n e d is g i v e n o n c e a m o n t h
in th e s e c o l u m n - , a n d t h e u u s s i s t a t e m e n t o f th is k i n d w i l l
o e f o u n d i n t h e C H R O K IC L B o f A u g u s t 2 2 , 1 8 9 8 .
The next
w i l l a p p e a r in m e i s s u e o f S e p t e m b e r 1 9 , 1 9 8 6 ,

F o r t h e a e b o r d w e e k o f A u g u s t o u r fin a l s t a t e m e n t c o v e r s
-t rn a rla
< .A * _ .. _
I-..... 3_. it.... ................ . .

2 d « r « * o f A tu p is t.

In c r e a s e .

II

i
L e o t s v , K r a n a v . * s i . L.J
L o u is v ille a h a s h v i l l e . .
te r a ls y tU e S . A , A C k re ,.s
M e x le a n C e n t r a l ___ . . .
M e x ica n N a t io n a l,,,..,
M im ic a p o U s A sit, L o u i s , f
M l an. « L P . A 8 3 to . M
M u, K a n e a* A J > * » * ........
i
MO, PaciB.M A Ire* i M •. .
C e n tr a l B r a n c h . . ............
M htrtl* A B tm U M Fhaui.
1
S e w Y o rk O a t. a W r « ,'j.
N o r f o l k a W e s t e r n .___ _
O h io R i v e r ............................
P e o r ia D e c. * B v a t is v ... f

*
2 0 .3 2 2
2 4 ,8 0 6
li.H O
1 2 9 .8 2 5
6 2 .1 0 0
9 3 ,4 1 5
3 7 4 .0 0 0
1 9 9 .4 0 3
90,1.41
9 4 ,5 3 1
5 7 0 .4 0 9
2 0 .7 4 '
3 6 ,3 8 ?
U .2 2 H
2 9 8 ,2 2 3

1895.

«
1 2 ,8 1 4
2 .1 2 0
4 1 ,0 4 2
2 .4 3 6
2 8 ,0 7 4
1 7 ,0 5 0
7 3 ,0 7 7
1 8 ,7 9 3
7 ,3 1 7
1 8 ,5 5 0
5 9 ,4 9 6
4 ,8 4 0
3 8 0 ,9 1 7
15.31-1
6 7 ,6 0 0

P

I n t e r n '! A (H . N o n n 'n
I o w a C en tra l..
K a n a w u a a M ic h ig a n .
K a n . C t t y PULM j. A G u lf ,
K a n . C it y # u b B e it

9,® 91
1 2 9 ,0 4 0
6 7 ,2 8 !:
7 8 .9 4 0
4 0 9 .0 0 0
1 0 5 .6 7 4
•70/- 22
9 7 .0 2 7
5 7 4 ,8 0 7
2 0 ,2 4 6
3 6 , 0 11
1 4 ,2 *1
2 4 2 ,1 5 6
2 ,0 7 ?
1 0 .0 0 6
1372SOO
2 7 .5 4 5
7 ,1 7 5
9 .3 6 1
2 0 .4 I t
4 0 ,9 1 0
1 9 ,2 7 0
4 1 .9 9 1
8 ,2 8 9
987
2 ,7 4 8
391 2 4 b
5 8 ,6 8 4
2 6 ,3 7 6
8 .5 6 3
1 9 ,5 1 7
0 , 0 IS
* 2 .0 7 *
3 2 .8 0 5
3 7 4.7 2 5
5 0 .0 1 5
1 9 0 ,7 0 2
8 9 ,* » 7
3 * .* 7 7
5 3 ,1 3 0

1995.

1890.

1895.

r i g u r e - g i v e n (lo n o t I n c lu d e O r e g o n R y . A N'av-., U n . P a e . D e n v e r *
G u lf , D e n v e r L e a d v t d e * G u n n i s o n , M o n t a n a U n io n a n d l e a v e n w o r t h
T o p e k a A S o u t h v e a t e r n u r h e a e rtk area t n e lu d e r e s u l t * o n e a a e d t in e s .
a (n o t (id e a e a r n in g * f r o m f e r r i e s , e t c ., a o t g i v e n s e p a r a t e l y . : M e x i ­
c a n c u r r e n c y . r. I n c lu d e * o n l y h a l f o f lin e * In w h i c h u n i o n P a o l d o h a s
a h a l f i n 'e r e c t ,
d t a o l u le* o te r a t t o n a o f t h e O h io . B ,r l l n < t o a A Sf i r t h s r n In h o t h
year*.
§ C o v e r * r e e n l 'a f o r tin e * l'r,..:-tlv o n e r it o t a n t o f P lt t th a r it .
e I n c lu d e s r e e n lta o n a tB U a te d U n e e .

3 d sere* o f A u g u s t

353

tf

1898.
$
7 2 ,7 6 0

Bat. o f N et K a m , - 4>
1896.

$

1895.

8

4 7 ,0 0 2
3 2 ,9 7 0
7 2 ,5 0 9
6 ,3 1 5
977
1 2 ,9 8 8
1 0 ,8 9 7
9 3 ,3 2 3 d e f .1 0 ,3 0 0
8 8 0 .0 0 0
8 7 12 ,9| 5 4
6 ,1 0 0 ,0 0 0 6 ,1 1 0 ,6 8 2 d f .1 8 9 ,5 9 8 d f .5 5 » ,0 7 4
1 3 ,4 1 0
1 4 ,4 4 1
936
3 ,6 2 1

WJ*MVV (J BU«a

w

THE CHRONICLE.

354

S T R E E T R A IL W A Y S A N U T R A C T IO N O J -ttH A N 1 E S .
T h e fo llo w in g ta b le s h o w s th e g ro s s e a r n in g s f o r th e l a te s t
p e r i o d o f a l l STREET r a i l w a y s f r o m w h i c h w e a r e a b l e t o o b t a i n
w e e k l y o r m o n t h l y r e t u r n s . T h e a r r a n g e m e n t o f t h e t a b l e is
t h e s a m e a s t h a t f o r t h e s t e a m r o a d s — t h a t is . t h e f i r s t t w o
c o l u m n s o f f ig u r e s g iv e t h e g r o s s e a r n i n g s f o r t h e l a t e s t
w e e k o r m o n th , a n d th e la s t tw o c o lu m n s th e e a r n in g s fo r
th e c a le n d a r y e a r fr o m J a n u a r y 1 to a n d in c lu d in g s u c h la te s t
w e e k o r m o n th .
8 T R E E T R A ILW A Y S A N O T R A C T IO N C O M P A N IE S .
Latest Gross E a rn in g s.
G ross
E A R H IN 0 8 .

Week o r Mo

1896.

ran, 1 to Latest Date

1895.

1896.

1895.

$

$
41,063
102,048
80,744
23,337
2 0 3 ,6 4 6

$

$
9,258
18,057 15,221
2 1 ,2 3 4 19,119
4 ,8 0 9
4 ,4 7 5
32,3 0 1 35.743
6,600
8,6 0 b
127,324 114,690
2,564
2,347
11,500 10,873
1 5 .8 0 0 14,297
8,1 2 3
8 ,0 9 "
3 2 ,6 5 7
36.801

A k ro n B o a r d A C le v .I J n u e ..........
8 1,740
A k ro n s t.R y .A 111. Co J u n e ..........
72,223
A lle n t’n & Leh. T r ’t ’n M ay............
22,131
A m s te rd a m 8 t. B y .. . J u n e ..........
186,741
A tla n ta Con. 8 t. By . f u ly ............
A tla n ta R ailw a y ............l u l v ............
7 2 1 ,2 1 5 6 4 6 ,594
B a ltim o re T r a c tio n ... J u l y ............
11,65 3
11,588
B a th 8 t. B y . (N. V .K . J u l y ............
51,114
52.955
B a y C ities C o n io l— J u l y ............
7
0 ,756
81,403
B in g h a m to n St. R y . .. J u l y ...........
2 0 2 ,248 178,828
B rid g e p o rt T r a c tio n 2d w k A u g
1
4
5
,893
174,722
B ro c k to n Con. S t. Ry. J u l y ............
912,616 1,122,709
B ro o k ly n E le v a te d ., i t b w k J ’n e
B r’k lyn R a p .T r. C o . - ;
2,538,255 2 .0 9 7 ,1 -0
4 3 1 ,2 1 2
B ro o k ly n H e ig h ts .. J u ly
4 0 4 ,950 3 2 7 ,968
68.804
B r’k ly n Q n’na A Sub J u ly .
2,990,597 2,461,395
5 0 0 ,0 1 6
T o ta l fo r s y s te m . J u ly .
6 8 0 509 6 3 7 ,761
B uffalo R y ..................... J u n o
5 3,971
59.147
14,80=)
C e n tra l T ra c .(P ltts b .) A p ril.
8 4 ,160
93,6 2 2
19,583
June
C h e s te r T r a c tio n ..
4 2 4 ,0 3 6 4 3 1 ,921
53 ,9 2 8
C hic. & 80 . Side R .T .. J u l y .
3
4 2 ,635
373,401
65,2 3 2
C in. N e w p o rt & C ov.. J u ly .
7 5 .9 8 5
C it's P as. R y. (la d 's.) A p ril
..............
1
1,79
i
1,908
C ity E lec . (R oiue.G a.) J u ly .
5 3 8 ,864 4 8 5 ,37
9 7 ,6 3 2
C le v ela n d C ity R y — J u n o
950,981 82-1,988
155,470
C le v ela n d E le c tr ic ... J u ly .
3 7 6 ,350
3 9 6 ,7 1 )
C olum bus S t. Ry. (O.) 2d w k A u g 11,798
2 0 2 ,312 2 2 4 ,482
43,669
C oney I s la n d A B’lyn J u ly .
254,753
C onsol. T ra c tio n . N .J M ay.
5.8 2 7
D a y to n T r a c tio n ......... .1 uly
65,1 9 9 70,751 4 1 4 ,707 4 0 5 .899
D e n v e r Con. T ram w J u ly
2 5 0 .246
38.1 1 0
D e tro it R y .................... J u ly
1 3 3 ,396 131,2 78
25,315
D u lu th 8 t. R y ............. [ J u ly ...........
4,331
E n te r p . R R . (C has’n.. J u ly
8 ),3 0 6
88*744
17,284
E rie E lec. M o to r C o .. J u ly
9,693
2,231
F lu sh i n g A C ollege P t, J u n o . . * . . .
66,790
95,5 1 4
19,282
F o r t W ay n e C o n so l.. (Ju ly
2 7 ,010
26,317
F e b ru a ry .. 13,058
G a lv e s to n C ity R y. ~
H e rk im e r M ohaw k l i
1,526
18,146
3 .8 0 6
ion A F ’k fo rt E l.R y . M ay. .
9,8 0 0
H in g ’m (M ass.) 8 . B y . J u l y . .
4.985
975
H oosiek R y ............ . .. J u ly ..
..............
19,910 21 ,3 2 9
H o u sto n C ity 8 t. R y .. J u l y . .
I n te r s ta te Consol, ol
69,9 0 0
N o rth A ttle b o r o ... J u l y ........... 13,547
L ake 8 t. E lev . (Chic.) A p ril.......... 52,9 0 8
*69,044
L eh ig h T r a c tio n .......... J u l y ........... 11,611
5,292
1,467
Lock H a v e n T ra c tio n A p r il..........
30,309
48,819
L ondon S t R y. (C an.). J u l y ........... 10,036
37,199
32,208
5 ,6 7 1 7, ">6
L o ra in S t. R y ............... J u n e ..........
2 3 6 ,608 232,836
L ow ell L aw . A H a v .. J u l y ........... 5 0 ,2 4 5
7 5 5 ,8 0 4 7 1 1 ,4S3
L y n n A B o sto n ........... 2d w k A u g 4 4 ,2 0 2
1,123,904 1,074,3 52
M etro p . (K a n sa s C ity) 3d w k A ug 31.281
' 5 0 2 ,8 9 2 412,308
M ilw .E l.R y . A L Co. A p r il......... 126,6 73
27,9 LI
32,288
5,778
M o n tg o m e ry S t. R y .. J u l y ............
7 2 1 ,1 2 3 625,639
M o n treal S tr e e t R y ... J u l y ............ 118,372
..............
N a sh v ille St. R y ......... M a rc h ........ 24,804
N ew b u rg h E le c tric ... J u l y ........... ' 11,314
N ew E n g la n d S t.—
1 4 0 ,2 7 6 1 2 7 ,564
W in c h e ste r A v e — J u ly
35,«94
16,453
18,751
P ly m ’th A K in g sto n J u ly
4,476
.............
T o t a l........................ 2d w k A u g 11,063
25,549
N e w H a v e n A C e n tre v J u ly
3 3 ,3 5 6
4,958
63,220
2 0 ,0 1 1
N ew H a v e n S t. R y . .. May.
7 4 ,8 1 6
19,370
N ew L on d o n 8 t. R y .. J u n e
20,4 9 3
5,129
N ew O rle a n s T ra c tio n J u l y ..
7 9 7 ,8 3 2 761,445
116.106
N. Y. A H a rie m ........... M arch
. 2 3 2 ,2 6 j 279,026
N o rth a m p to n S t. Ry.
4,9 2 00
12,997
(M ass.)........................ M arch .
6,256
19,3 0 7
O g d e n sb u rg S t. R y ... J u l y .. ..
10,8 L5
2,768
P a te rs o n R y ................. J uly —
31,863 28 ,6 2 55 1 8 7 ,603 162,218
P itts . F r o n te n a c A
S n b .E lec. B y .(K an .) A p ril.........
1,377
5,435
P o ’k e ep sle A W ap p . F. J u n e .........
8,4 0 6
39^446
R o an o k e S tr e e t........... M ay .......... .
4,0 6 0
12,572
i
15,665
R o c h e s te r R y ............... M a rc h ___ 7 0 ,9 7 5
3 2 1 0 ,775 1 8 7 ,100
0
........
S a v a n n a h E le c tr ic ... F e b ru a ry .
5,441
S c h u y lk ill T r a c tio n ... J u l y ...........
8,787
49 ,72 3
9
54,390
8,5 8 4
BohuyUdil V al. T rao .. J u ly ...........
3
31,623
25,639
S c ra n to n A P itts to u .. J u l y ...........
6,7 3 0
S c ra n to n T r a c tio n — J u l y ........... 33,318
8 1 9 5 ,096 1 5 9 ,066
S econd A ve. (P itts b .) A p ril......... 38,9 0 5
8 1 3 6 ,042
7 4 ,530
S io u x C ity T ra c tio n J u l y ...........
7,413
44,086
5
46,264
S te in w a y R y ................. J u n o ......... 3 3 ,3 9 4
1 1 8 ,053
2 153,471
S tr e a to r R ailw ay . . .. F e b ru a ry .
991
8
2,120
1,827
S y ra c u s e C o n so l......... J u ly .........
10,102
9 6 ,444
7
74,23c
S y ra c u s e E ’s tr 8 i»leKy J u l y ..........
3,567
7
21.93S
S y ra c u se S t. R R ......... J u l y ..........
27,671
0 175,511
1 2 9,904
T e rre H a u te E l’c. Ry M ay..........
13,777
8
60,95(
4 7 ,960
T h ird A ve. (N. Y .) .... J u u e . . . . .
. 1,292,9L5 1,273,004
T o ro n to R y ................. J u l y ..........
87,8 9 9
1 557,927 5 4 5 ,256
T w in C ity R ap . T ra n . J u n e ........ 170,470
1 930,165 9 2 5,301
U nion (N. B e d fo rd )... J u l y .........
21,642
8 117,985
1 0 0 ,519
U n ite d T ra c t. (P ro v .) J u n e ........ 150,306
3 827,75c
7 4 1 ,618
U n it. T re e . (R eading) J u l y ..........
22,861
6 H O .B li
99,547
U tic a B e lt Line.
J u n e ........
82,091
75,128
W akefield A s t o n e ___ J u l y ..........
7,9 2 6
5
32,78(
29,921
W a te rb a ry T ra c i io n .. J u l y .........
21,6 9 9
1 139,19
1 3 3 ,112
W h eelin g R a ilw a y .. J u n e ........
14.823
3
81,76?
67,979
W llkeab. A Wy. V allej J u l y ..........
47,801
4 2 8 4 ,3 0 l 2 3 5 ,762
W o rcester C o n so l....... J u l v ..........
4 8 ,5 9 8
3 284,053 2 3 9 ,214
S t r e e t H a l l w a y N e t E a r n i n g s , — T h e f o l l o w i n g t a b l e g iv e s
th e r e tu r n s o f S t r e e t r a ilw a y g ro s s a n d n e t e a r n in g s r e c e iv e d
th is w e e k . I n r e p o r tin g th e s e n e t e a r n in g s f o r th e s tr e e t i a i l
w a y s, w e a d o p t th - s a m e p la n a s th a t fo r th e s te a m ro a d s —
th a t
w e p r in t e a c h w e e k a ll th e r e tu r n s re c e iv e d t h a t
w e e k , b u t o n c e a m o n th (o n th e t h i r d o r th e f o u r th S a t u r ­
d a y ) w e b rin g to g e th e r a ll t h e ro a d s fu r n is h in g r e tu r n s , a n d
t h e la te s t s ta te m e n t o f th is k in d w ill b e fo u n d in th e

[V ol. L X IIl,

C h r o n i c l e of August 22, 1896. The next will appear in the
issue of September 19, 1896.
-N e t E a r n in g s .— -»

-G ross E a r n m g s .-

1896.

1895.

1896.

1895.

1 4 ,2 9 7
7 0 .7 5 6
7 0 .7 5 1
4 0 6 .8 9 9

9,1 0 8
3 3 ,4 8 1
2 2 ,8 4 0
1 57.838
12,187
7 5 ,2 7 9
1 3 ,0 9 4
5 5 ,7 0 9
1 0 ,244
4 2 ,3 ) 4
6,1 7 9
3 0 ,4 7 0
5,1 0 6
1 8 ,035
7 1 ,6 7 1
4 1 9 ,0 1 2
14 3 ,8 7 3
4 1 ,4 7 4
3 4 3 ,8 1 0

*7,877
2 6 ,9 4 0
2 6 .5 3 9
1 5 2 ,8 8 1

Roads.

B in g h a m to n S t. R y .. J u l y
J a n . 1 to J u ly 3 1 . . .
D e n v e r Con. T r a m w . J u ly
J a n . 1 to J u ly 3 1 . . .
D e tro it R a i l w a y ___ J u ly
J a n . 1 to J u ly 3L . . .
D u lu th S tr e e t R y . ..J u n e
J a n . 1 to J u n e 3 0 ___
F t. W ay n e C o u .S t.R y .J u ly
J a n . I to J u ly 31 . . .

1 5 ,8 0 0
8 1 ,4 0 3
6 5 ,1 9 9
4 1 1 ,7 0 7
3 8 ,1 4 0
2 5 0 ,2 16
2 0 ,5 7 5
1 0 5 ,9 3 2
1 9 ,2 8 2
9 5 ,5 1 4
11.611
6 9 .0 4 4
1 0 ,036
4 8 ,8 1 9
1 63,185
1 ,‘>16,674
3 2 4 ,6 6 4
1 16,106
7 9 7 ,8 3 2

1 9 ,9 6 6
1 0 4 ,4 6 1
1 L 0 L2
6 6 ,7 9 9

J a n . 1 to J u ly 31. . . .
5 ,9 0 3
adon S t.R y .( ’an .) J u ly
3 0 ,3 0 9
J a n . 1 to J u ly 3 1 ___
1 6 4 ,3 8 2
tr o p ’n St. R y.,K .C . J u ly
9 6 1 ,5 0 1
J a n . 1 to J u ly 3 1 ---3 2 0 ,6 6 5
J u n e 1 to J u ly 3 1 . . .
120,088
w O rle a n s T r a c t...J u ly
7 6 1 ,4 4 5
J a n . 1 to J u ly 31 —
p id R y. (D e tro it) J u l y 1 4 ,1 8 9 5 , to J u ly
6 7 ,2 1 9
31 , 1896 ....................
jh m o n d T r a c tio n —
2 6 ,3 9 4
J u n e 2 0 t o A u g .l 9 ..„ .
ird A v e .R R (N. Y.) —
6 9 2 ,4 8 3
7 0 8 ,3 7 4
A pr. 1 to J u n e 3 0 ___
J a u . 1 to J u u e 3 0 . . . . 1 ,2 9 2 ,9 1 5 1 ,2 7 3 ,0 0 4
8 7 .8 9 9
9 2 ,8 8 1
5 4 3 ,2 5 6
5 5 7 ,9 2 7
J a n . 1 to J u ly 3 1 . . . .
ln te r ts t c h a rg e s an d s u rp lu s s ir e

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

3 1 ,1 6 0
1 6 ,8 0 3
3 2 1 ,9 1 3
5 5 0,4635 0 ,8 5 8
2 5 9 ,8 2 5

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

e t ra ilw a y s .

I n te r't, ren ta ls, dZc.s s—B a l. o f N et E arns.-

1896.
R oa ds.

D e n v e r C o n .T ra m w . .J u ly
J a n . 1 to J u ly 3 1 -----

1 7 ,829
1 2 5 ,0 1 9

ANNUAL

1895.
*
1 7 ,4 4 6
1 2 1 ,9 8 6

1895.

1896.
$

9 ,0 9 3
30,895-

5 ,0 1 1
3 2 ,8 3 9

REPORTS.

I n t i n a l R e p o r t s . — T h e f o ll o w i n g is a n i n d e x t o a l l a n n u a l
r e p o rts o f s te a m r a ilr o a d s , s tr e e t r a ilw a y s a n d m is c e lla n e o u s
c o m p a n ie s w h ic h h a v e b e e n p u b lis h e d s in c e th e la s t e d itio n s
of th e I n v e s t o r s ’ a n d S t r e e t R a il w a y S u p p l e m e n t s .
T h i s i n d e x d o e s not i n c l u d e r e p o r t s i n t o - d a y ’s C h r o n i c l e .
R a i l r o a d s a n d M i s c e l . C o ’s.
R a i l r o a d s a n d M i s c e l . C o ’s .
P a ge.
V olu m e 6 3 —
V olu m e 6 3 —
P a ge.
A m erican S p irits M a n u fa c tu rin g .. 152
A tc h . T o p e k a & S. F e ...........(5 m s. 267
B a ltim o re & L e h ig h ............................ 227
B o sto n & A lb an y ....................... 227, 3 >9
B uffalo R o c h e ste r & P itts b u r g ....... 22rt
C alu m et & H ecla M in in g .................. 188
C e n tra l V e rm o n t .............................. 226
C h esap e ak e A Ohio ............291. 309, 314
C hicago A Nol’th \V estern..289, 3U9, 311
C hicago & E a s te r n Illin o is .................. 226
C lev. Cin. C h icago & S t. L o u is ....... 310
D e n v e r & Rio G r a n d e ,....................... 225
'itc h b u r g ............................................... 226

H o u s t o n It. & W . T e x a s ................... 267
I n d i a n a & L a k e M ic h ig a n ................ 142
M a n h a t t a n E l e v a t e d (N . Y . ) ............ 31 0

M obile & O h io ...................................... 225

N . Y. O n t a r i o <fc W e s t e r n ...................
O h io F a l ls C a r M f g ......................... —
R a ilw a y E q u i p m e n t o f M in n e s o t a .
S a n A n t o n i o & A r a n s a s P a s s ..........
S a n F r a n c i s c o & N o r t h P a c if ic ........
S y r a c u s e B i n g h a m p to n & N . Y. . . .
T o le d o & O h io C e n t r a l .........................
W e s te rn N . Y. & P e n n s y lv a n ia . . .

266
188
227
151
187
267
226
22 6

Southern Railway.
( Report fo r the year ending June 80, 1896.)

On subsequent pages is published in full th ) President's re pjrt, and also the comparative balancj aheec, i looms account,
etc. Below are statistics of earnings, expenses, tratfi i, etc.,
for a series of years.
OPERATIONS, EARNINGS AND EXPBNSBS.

1893-94.
1894-95.
1395-96.
4,1394,1 3 9
4 ,5 7 4
A v e ra g e m ile a g e o p e r a t e d .. .
3 ,2 3 2 ,4 7 3
3 ,4 2 7 ,8 5 8
4 ,1 3 9 ,4 7 3
P a s s e n g e rs c a r r ie d ...................
25 J, 2 0 5 ,3 1 0 1 7 8 ,0 1 5 ,9 2 5 1 6 8 ,4 4 0 ,1 6 2
“
“
o :.e m lle
2 -472 c ts .
2405
2113
R a te p e r p a s s , p e r m i l e ........
6 ,3 6 3 ,3 1 0
6 ,6 7 5 ,7 5 0
7 ,9 4 1 ,9 8 0
* F re ig h t to n s c a r r i e d ............
1 1,049,938.
1 1 ,0 9 8 .9 3 2
1 1,239,686
* “
“
“
l m ile .
0-987 OtS.
0*984 c ts.
0 9 72 c ts.
* R a te p e r to n p e r m i l e ..........
‘E x c lu s iv e o f c o m p a n y ’s fr e ig h t,
t T hree c ip h e rs (0 0 0 ) o m itte d .
E a r n in g s —
1 0 ,3 6 3 ,2 2 4
1 0 ,8 1 6 ,0 2 3
F r e i g h t ..................... ...................... 1 2 ,0 5 5 .2 1 0
4 ,2 0 9 ,9 4 3
4 ,2 8 0 ,8 0 1
P a s s e n g e r ....................................... 5 ,2 8 7 ,9 1 4
9 0 4 ,2 1 4
9 0 8 ,7 4 0
M a il-.......................................... .........
9 3 4 ,0 5 2
3 2 4 ,4 5 1
3 32.961
E x p r e s s ............................................
3 7 7 ,3 3 4
8 3 6 ,4 6 7
7 7 6 ,2 57
M is c e lla n e o u s .................................
4 2 7 ,7 0 7
T ra ffic—

T o t a l ............................................ 1 9 ,0 8 2 ,2 4 7

1 7 ,1 1 4 ,7 9 2

1 6 ,6 4 3 ,2 9 9

6 ,7 9 3 ,0 8 2
3 ,3 8 8 ,6 9 9
2 ,0 9 3 ,9 8 5
1 .1 7 0 ,6 8 1

6 ,1 6 4 ,2 9 2
2 ,9 7 8 ,2 4 5
1 ,7 9 4 ,4 1 2
1 ,1 2 5 ,8 2 4

6 ,5 8 1 ,6 5 6
2 ,8 1 7 ,9 2 1
1 ,7 0 6 ,8 50
1 ,2 3 9 ,2 0 1

T o ta l............................................ 1 3 ,4 5 1 ,4 4 7
N e t e a r n i n g s .................................... 5 ,6 3 0 ,8 0 0
P e r ot. o f e x p e n s e s to e a r n ’g s .
70 49

1 2 ,0 6 2 ,8 5 4
5 ,0 5 1 ,9 3 7
70-48

1 2 ,3 4 5 ,6 2 3
4 ,2 9 7 ,6 7 1
74*18

E xp en ses —

C o n d u c tin g t r a n s p o r t a t i o n ___
M a in t. of w a y a n d s tr u c tu r e s .
“
e q u ip m e n t ..................
G e n e r a l a n d t a x e s ....................

INCOME ACCOUNT.

1895-6.

N e t e a r n in g s (as a b o v e ) ............................................5 ,6 3 0 ,7 9 ^
In c o m e fr o m o th e r s o u r c e s .....................- ............. 188,5
T o t a l.............................................................................5 ,8 1 9 ,3 0 7
D ed u ct—

1891-5.
5 ,0 5 1 ,9 3 7
8 9 ,6 7 8
5 ,1 4 1 ,6 1 5

I n t e r e s t a n d r e n t a l s .................................................... 5 ,2 1 8 ,3 7 0
O th e r ite m s ................................................................
4 4 ,4 5 8

4 ,1 9 5 ,9 2 5
4 9 ,9 4 5

T o ta l......................
5 ,2 6 2 ,8 2 3
S u rp lu s ............................................................................ 5 5 6 ,4 7 9
—V. 63 , p . 270.
B o s to n & M a in e R a i lr o a d .

4 ,2 4 5 ,8 7 0
8 9 5 ,7 4 5

(Advance report f o r the year ending June 30, 1896. J

The advance st item snt issued in typo-written form says:
The figures fo 1895 do not include operati^a&of Concord
& Montreal railroad. The gross income for the year 1896,
compared with the combined gross of the Boston & Maine
and Concord & Montreal roids, operated separately, f o r the
previous year, increased $1,140,987, and the operating expenses
increased $967,427. 1his year’s operating expenses include,

THE CHE0N1CLE

AU30ST 29, 1896.J

a n io n * ; o t h e r la r g e c h a r g e s f o r p e r m a n e n t i m p r o v e m e n t s ,
$ 4 0 8 ,9 3 9 f o r n e w e q u i p m e n t a n d $ 3 7 3 ,4 7 7 f o r a u t o m a t i c c o u p ­
le rs a n d b r a k e s a p p lie d t o f r e ig h t c a r s a n d e n g in e s , in c o m ­
p lia n c e
w it h U n it e d S ta te s s ta tu te s .
T h e in c r e a s e in th e
a m o u n t e x p e n d e d f o r th e se t w o ite m s o v e r c o r r e s p o n d in g
c h a r g e s t o o p e r a t i n g e x p e n s e s l a s t y e a r i s $ 3 8 2 ,0 3 1 .
T h e fig u r e s a b o v e r e fe r r e d to , c o m p a r e w it h t h e r e s u lt s f o r
th e p r e v io u s t w o y e a r s a s fo llo w s :
1894 5.
*
2 0 ,1 5 0 .0 9 2
1 6 ,8 9 2 ,3 1 1
1 4 ,5 0 7 .1 8 3 111,1 5 2 ,4 5 9

1 8 9 3 -4 .

1 8 9 5 -6 .

T ea r e n d in g J u n e 3 0 —

355
P a ll Brook R ailw ay.

(R eport fo r the year ending June 30,1896,J
T h e e a r n in g s f o r th e la t e fis c a l y e a r c o m p i r e w it h
y e a rs as fo llo w s ;
1895.
1896.
T e a rs e n d in g J u n e 3 0 —
0
$
G r o s s e a r n i n g s ............................................. 7 0 7 ,3 8 1
6 5 3 ,6 9 0

O p e ra tin g e x p e n s e s ....................

p r e v io u s
1 8 9 4.
6 4 3 ,0 1 2
4 2 4 ,3 0 2

5 2 7 ,0 3 3 4 3 9 ,6 * 0
2 1 4 ,0 0 0

1 5 , 9 6 3 ,2 7 7
1 0 .8 3 3 .6 6 7

S e t e a r n i n g s ........ ...................
1 8 0 ,3 4 8
O th e r I n c o m e ( f i n a l l e a s e s , r o ll i n g
s t o c k , e t c . ) ....... . . ..................... ............... 2 5 2 ,0 0 2

1 8 2 ,1 5 5

2 1 0 ,3 1 9

S e t i n c o m e ..............................................4 3 2 ,3 4 8

3 9 6 ,1 5 5

4 2 9 ,0 2 9

2 1 8 ,7 1 0

5 ,9 5 2 ,9 0 9
6 4 1 ,4 5 d!

5 ,1 3 9 ,8 5 5
5 6 5 ,6 8 4

5 .1 2 8 .6 1 0
0 2 5 .1 0 3

6 ,5 9 7 ,3 0 1
5 ,2 1 9 ,2 5 9

5 .7 0 5 ,5 3 9
4 ,3 2 0 ,5 0 9

5 .7 5 4 ,5 7 2
4 .3 4 6 .7 7 9

l a t e r - - s o .....................—
................ ............ 1 9 2 0 0
■ - ..........................................................
‘2 7.17-2
D iv id e n d s ( c o m m o n a n d p r e f e r r e d ) . 3 0 3 .0 0 0

3 ,5 0 0
2 7 ,6 7 9
3 0 5 ,0 0 0

5 ,3 0 0
2 7 ,8 0 4
3 0 5 ,0 0 0

B a l a n o s .......................................
S i n k i n g tu rn ! p a y m e n t * ! .

1 ,3 7 8 .1 0 2
7 2 ,6 3 3

1 ,3 7 9 ,0 3 1
7 2 ,7 3 0

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

T o t a l ........................................................... 3 5 1 ,3 7 2
B a la n c e , s u r p l u s ....................................... .. 8 0 ,9 7 6

3 3 8 ,1 7 9

3 3 8 ,1 0 4
9 0 ,9 2 5

B a la n c e .................... ............ .

1 3 0 5 ,1 6 9
1 , 2 3 4 ,0 0 2

1 ,3 0 6 ,2 8 1
1 ,2 3 3 ,9 9 8

1 .3 1 0 .5 1 0
1 ,3 2 1 .0 3 1

7 1 ,4 6 7

7 2 ,2 8 4

1 9 ,4 7 8

O t h e r in c o m e

.S u r p lu s . . ............. ............... . . . . .

t in d u t i e s * 2 0 1 ,0 0 0 s p e n t f o r n e w e q u i p m e n t .
o e x tr a a i. n a t u r e e s h e e t j c x e 30.
4896.
1894.
1895.
*
A le e it $
8
C o n a t r a e tt o n a n d e q u i p m e n t . . . . . 3 6 . 3 5 2 . 3 1 i 3 8 ,4 3 9 .3 0 5 3 7 . 1 3 7 , 5 ‘*0
* 3 ,9 9 3 ,3 7 8
3 .9 9 9 ,3 7 8
S to c k s a u d h u n a s o t u e r c o m p a n ie s 4 ,2 3 2 .3 s i
l ,S S * .7 0 7
B o s t o n A M aine s t o c k ....................... 1 ,5 3 5 .7 5 0
1 ,5 8 5 ,7 5 6
6 7 1 ,0 9 4
6 7 5 .4 3 3
H eat e s t a t e ................. - ...............
3 3 3 ,5 4 4
1 2 5 .717
1 3 5 ,7 1 7
S t e a m e r .e l e v a t o r , e t c , . . . ™ . . . . .
1 3 5 ,7 1 7
1 ,5 9 1 ,5 7 3
............................................................... 1 .0 6 3 ,5 1 6
2 .3 1 3 . n o
1,. 2 2 ,1 3 3
B ills r e c i v a b i e ............................
1 .2 « ,7 1 9
1 , 0 2 3 ,1 6 3
4 3 5 .2 0 0
S l a k i n g f u n d s ........................................
6 2 9 .7 0 9
5 5 6 ,1 4 9
1 .5 7 7 .4 * 7
1,517,41*9
M a t e r ia l* a n d s u p p l i e s ......... ..
2 ,7 3 0 ,2 3 4
1 , 8 * 4 ,9 1 0
D u e b y a g e n t * . v / s , I n d i v i d * ., e t c . 2 ,6 9 2 .3 3 7
4,718,11*8
5 1 3 ,6 4 7
4 8 4 ,4 6 9
I m p r o v e m e n t a e o n , le a s e d r o a d s .
4 * 3 ,1 5 7
3 2 3 ,5 6 9
I e n t r a l M a s*. R R . c o n s t r u c t i o n . .
2 5 « ,9 0 2
3 4 1 .4 9 3
m m . o f g r a d e c r o s s i n g * ............
1 8 2 ,9 3 #
2 7 3 ,5 3 1
.M i- c e ir a L t - u * ...........................................
4 7 6 ,6 7 2
8 1 6 ,7 3 8
394,09*0
......................... . 8 3 , 5 3 4 . 8 4 3

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

5 1 , 7 5 1 ,9 3 5

5 1 , 4 3 3 ,1 7 3

& ia & u u w $ ~~
C a p it a l « w e k { te n S o r r t s u e X T l . 2 1 , 3 9 9 . 0 0 0 2 1 ,9 9 9 ,0 0 0 2 1 ,3 3 0 ,0 0 3
B o n d * (.ami S c r P L U lE X T ) ............. 2 1 ,5 6 5 ,7 3 0 2 1 ,6 5 5 ,2 9 0 8 1 ,7 4 1 ,7 3 6
Oft M O O
8 4 7 ,3 0 >
B e a e s t a t e m o r t g a g e n o t e * . .........
5 9 4 ,9 0 0
5 3 8 .1 * 6
C u r r e n t b i l l * ............ .............................
1 ,1 0 2 ,9 9 3
7 1 7 ,3 3 6
2 3 2 ..7 0
3 0 5 .7 2 0
2 2 * .1 4 1
U n s a i d w w . • ..................................... .
5 0 7 .4 9 1
6 * 7 .3 8 5
D u e c o m p a n i e s . I n d iv id u a l* , e t c .
5 3 0 ,3 0 8
1 3 9 ,2 2 0
D iv ld . u n c la im e d A t a t . d o e J u l y L
1 6 7 ,3 0 3
1 * 9 ,5 4 5
4.83,997
4
3
9
,3
2
1
5
5
5
,1
3
2
A c c r u e d I n t e r e s t a m i r e n t a l* . . . .
8 3 7 ,2 9 3
7 1 1 ,0 0 4
R e n t a l o f t e w e d r o a d * J u l y l ........
0 9 7 ,9 1 4
3 4 9 .2 0 0
B o s t o n * D o w e ll le a s e a o . w i a t .
3 9 2 ,0 4 3
C on n, A
R iv e r lo n o a c e t
13J390
1 5 5 ,9 2 0
I '. '. , -2 3
4 5 1 .2 3 9
C o n n . R i v e r ItH. Ira*.) a c c o u n t
4 5 1 ,7 9 2
E ttu lp tn en t f u n d ..................... .........
SO i'.JOO
1 5 0 * 0 )0
1 5 0 .0 0 0
I n ju r y f u n d ...........................................
1 5 0 ,0 0 0
6 5 3 ,5 7 2
M u - p -s ••• * i c o u n t ................................
9 1 8 .1 2 5
0 3 4 .0 7 3
* .2 3 ,9 0 0
S liiR iu g f t o il* . . . . . . . . . . . . . . . .
5 5 6 ,4 4 9
4 3 5 ,2 0
3 3 8 ,0 4 0
A v O M -d f * * . - «
............ ..
...
3 8 7 ,- 0 1
4 2 7 ,0 8 2
9 .-0 0
M Di aU .ioe *>h ........ ....................
i.iT jjm
S u b s c r i p t io n C o n . & M o n . s t o c k .
1 ,0 7 7 ,1 5 7
1 ,6 1 6 ,0 0 2
1 ,6 0 1 ,7 0 1
P r o f it tin*! l* - • _________ . . . . .

J 1-

T o t a l.— . . . .

................. ........... 5 3 ,5 . 4 ,3 4 3

5 1 ,7 5 4 .0 3 4

5 1 .4 3 *.478

* B o n d * - M e w b o r y p o r t K B ., « 2 9 4 . l « 4 ;
D in e r *
K it ., * 1 2 5 .0 0 0 .
S t o c k s - M i l a n C e n t. K B ,. 92 .5 1 3 ,0 0 1 1 ; P o r t . A K w h H R , 8 4 9 2 ,0 5 0 ;
Y o r k B a r * B ea.cn H R , 9 2 4 9 ,5 5 0 ; m l4 cclia J ie c.u a , 8 2 2 3 ,3 1 3 .
- 4 ' . 0 2 , p. 9 0 7 .

Albany & S usquehanna RR.

D e d u c t—

5 9 ,9 7 6

GESERAI, B.VLVNOE SHEET JUNE 3 0 .
1896.

1895.

C o s t o f r o a d . ...............................
2 ,8 0 1 ,9 3 1
C o s t o f e q u i p m e n t ...............................
2 ,2 9 9 ,6 7 3
8 p p lle * o n h a n d ................................................................... 1 6 5 ,9 3 0
B i d s r e e l v a l u e ..............................................................
1 7 0 ,0 0 0
t o . .............................................
1 7 3 ,0 0 1
C a -h o n h a n d ...................
2 3 0 .8 7 3
T o t a l ......................

2 ,8 0 J ,3 5 2
2 ,1 7 3 ,7 1 5
1 7 0 ,0 1 5
3 5 0 .0 0 0
1 6 2 ,0 1 3
2 7 9 ,2 9 0

5 ,8 4 6 ,4 0 3

5 5 )3 7 ,4 2 1 *

C a p it a l s t u c k ................................................................. . . . 5 , 0 0 0 , 0 0 0
7
1
>
................................................................ ........ 1 7 0 ,0 0 0
in t e r e s t d u e a n d a c c r u e d ..................
1 ,7 0 0
O p e n a c c o u n t s , e t c .................................
1 9 3 ,0 0 4
P r o f it r a d lo e » , s u r p l u s . ..........................
4 8 1 ,7 0 4

5 ,0 0 0 ,0 0 0
3 5 0 .0 0 0
3 ,5 0 0
1 3 3 ,1 9 6
4 0 0 ,7 2 5

T o t a l ................................................................................... 5 ,8 4 6 ,4 0 8
- V . 6 J , p. 1 8 9 .

5 ,9 3 7 ,4 2 1

L ia b il iti e s —

S ta ten

Id a tn l

R a p id

T r a n s it

R R .’

(Earnings for the year ending June 30, 1896.J
T br e a r n in g s fo r th e la te ( i i c i l y e a r h a v e b a n
a n d c o m p a r e w it h th e p r e v i o n y e a r a s f o ll o w s :

Y ears en d . J a n e 3 0 —
1890.
G r o s s > -»r n ln < * .........................................
* 7 6 1 .4 5 3
O p e r a t in g e g p e u u w ........................ .. ......................... 4 1 6 ,5 43
Wet e a r n i n g * .....................

c o m p ile d
1895.
$ 3 7 3 ,3 1 3
4 7 1 ,6 7 4

8 3 4 7 ,9 1 0

* 4 0 3 ,6 0 9

*2012290
3*075
8 5 ,8 9 0

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

T o t a l ............................................... ............................. * 3 2 3 2~55
B a la n c e , j u r p l u * ............. ............................................... 9 2 2 ,0 3 $

$3442522
$ 5 9 ,1 4 7

I n t s r .w t ..................
•***•*.....................
R e s t * !.* , e t c .................................................

O E X h U tL [lA i.iN C K SHEET J C X 8 3 0 , 1 9 9 6 .
Ji$ t did*-—
R e a l . m l c e n i M s e n t , . . * 9 ,5 8 0 ,0 4 0 C a p it a l S t o c k ...........
* 5 0 0 ,0 0 0
S to ck *
am t b o n d s o f
F u n d e d d e b t ..................... 8 ,0 3 0 ,0 0 0
o t h e r C o m p a n ie s ___
5 9 6 ,0 0 3 D o a n s at b i ll s p a y a b l e . ,
6 ,9 1 ,3 7 5
O t h e r p e r m a n e n t i n v ’ t*
# ,6 t o l o t . d u o * a o o r u <d.. . .
8 1,255
S u p p lie s o n h a n d . . . .
2 9 ,5 9 2 O p e n a o o t s .,w a g e s , d o ,
1,2 2
O p en a r o o u tir , .ta g e n ts
4 s 3 .3 3 0 L i t n l m o r t g a g e s ..........
18 4 ,0 0 0
C a s h o n b a n d ___
....
6 7 ,7 3 5
P r o fit a n d Inca d e b i t . 3 1 , 5 1 6
T o t a l ..........................
- V. 0 2 , p 8 7 1

* 9 ,3 0 8 ,9 1 2

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

....* 9 ,8 0 8 ,9 1 2

(For (he year ending June SO, 1896.)

Trow Directory Printing & Bookbinding Company.

E a r n in g * ( o r t h e t a t s fis c a l y e a r ( i n c l u d i n g t e L a c k a w a n n a
& S a > q u e n a n n a ), c o m p a r e d w it h t h o t w o p r e v io u s y e a r i h a v e
b e e n a s fo llo w s ;
1 8 0 5 -9 6 .
1 8 9 4 -9 5 .
1 8 9 3 -9 * .
0
3
«
G r o s s e a r n i n g s ..................................... 4 ,2 1 2 ,7 0 2
3 , 8 7 2 ,7 8 0
3 ,9 8 3 ,7 9 5
O p e r a t i n g 1 p a t u * * ........ ................ 2 ,3 2 2 ,7oO
2 ,1 3 7 .1 3 3
2 ,2 0 5 ,0 9 9

The following in a statem ent of assets and liabilities on
July 31, 1898:

1 ,8 9 0 ,0 5 3
N e t e a r n i n g * ........................... ..
B e a t a i* a n d I u m .................................1 ,1 3 5 ,0 3 9
S u r p lu s ......................... .....................
— V . 6 2 , p. 0 7 9 .

7 0 5 ,0 1 4

1 ,6 3 5 .6 3 3
1 ,1 7 9 ,2 0 7

1 ,7 8 2 ,7 9 8
1 ,1 7 1 .6 5 2

5 0 0 ,3 8 0

6 1 1 ,1 4 *

New York & Canada RR,
{Year ending June SO, 1896.)
E a r n in g s f o r t h e la t e fis c a l
y e a n h a v e b e e n as fo llo w s :

year

com p a red

w it h

p r e v io u s

T ea rs e n d in g J u n e 3 0 0
(.tr
is m
* ee aa rrnnin
............................
.9 1 5 . 0 8 5
..
oM
i ng g* * .. .. .. , —
. ........................

0O: p e r a tin g o t u o n a e s ......................................... 5 9 0 ,1 1 3

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

8 0 5 .3 2 7
0 5 0 ,7 2 3

W et e a r n i n g * . ................................................3 1 6 ,5 5 2
B e n t o !* a n d t a x e s . . . . . . . . ........................ . . . 3 4 6 , 0 7 0

•225,933
3 0 0 ,9 4 1

1 5 4 ,8 0 4
3 0 9 ,3 7 5

1 8 8 5 -6 .

B a l a n c e ...................
- V . 0 2 , p. 9 * 9 .

1 8 9 3 -* .

.............................. s u r.4 3 2 ile f.3 3 ,9 3 0 d f.1 5 5 ,2 7 1

Rensselaer A Saratoga RR.
{Report forthe year ending June SO, 1896.J
E a r n in g * f o r t h e la t e f is c a l y e i r
year# h a v e been as f o llo w s :

com pared

1 8 9 5 -9 8 .

Y & iW e n d i n g Ivu%€ 3 0 $
O r-M * . ir n t a e *
...............................2 ,3 3 1 . 5 * 5
0 p e r 4 t t a % « s p a n %v*........................ . . 1 ,4 8 3 , 0 8 1
W « t » .* r n l 0 < * ..,.................................
...

*88022 .,4
4 33 44

H.mt in i.. it»v»>,......... ...............1,210,043
D M ': If. ..

- T . 62. p. - 5 0

3 4 7 ,5 0 4

w it h

1 9 9 1 -9 3 .
*
8 , 3 7 3 ,4 7 9
1 ,4 3 5 .4 5 3

p r e v io u s

1893-94
3
2 ,1 7 4 .1 3 3
1 ,* 1 5 ,7 3 8

7 3 3 ,0 2 1

7 5 3 ,3 9 8

1 ,104.* 11

1,193.17,4

4 0 0 ,3 8 7

4 3 1 ,7 7 3

(For the year ending July SI, 1896.)

L ia b ilitie s .
R e a l e s t a t e ............................. 0 2 2 5 , 1 0 0

IHrao’y p la n t , g d - w i l t .A e . 200,OuO
P r i n t '* e n d b i o d 'r y p la n t . 33 -1 .7 7 2
B o n d s a n d s e c u r i t i e s ........
6 0 ,0 0 0
S t'e k a ts d u n fin is h e d w o r k
7 3 ,5 2 7
3 0 ,0 5 5
O p en le d g e r a c c o u n t s ....
C a s h l a b a n k s , A c ...............
1 0 ,2 0 9
B ills re c e iv a b le . . . . . . ___
I n s a r 't -c p a id In a d v a n c e .
M a o li’ r y ru n t p a d . In » d v .
T o t a l ................................... * 9 4 8 ,3 2 0

B d l# p a y a b le ( f o r J o a n * ). * 5 3 , 5 0 0
.•Bills p a y a b le .....................
2 2 ,8 6 0
O p e n a c c o u n t s .. '
7 ,1 5 9
T w o d a y s ’ p a y - r o l l . ..........
1 ,5 1 0
lu t e r e s t o n d is c o u n t s .. . .
172
A s s e t s o v e r l ia b il i t i e s . . . . 3 0 3 ,1 1 3

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

* 9 4 3 ,3 2 0

' T o t a l , * 1 6 , 9 0 1 ; le s s a m t . u n d e r d i s c o u n t , 0 3 ,3 3 7 ; b a l a n c e , * 8 ,5 6 4 .
; F o r n e w m a c h in e r y , e t o .

As against balance or surplus, as above, .$803, 11$, there ap­
pear* : Preferred stock, $750,000 ; scorned dividends, $325,000 ;
common stock, $725,500.
i be result of the year’s business is shown by the following
sta te m en t:
S t o c k A list- 1 , 1 8 9 5 ............. 0 6 0 ,4 1 8 I S e t s a l e s .......... ................ . . . * 3 1 3 , 5 3 7
P u r c h a s e * t o J u l y 3 1 , '9 8 .
8 8 ,2 4 9 j S t o c k o n ( m o o r u l y 3 1 . '0 8
7 3 ,5 2 7
S a la r ie s a n d w a g e * ............. 2 7 8 ,5 8 7 1 A d v o r t l s 't s , c ir c u l a r s , ,%0
3 9 ,9 3 1
l o t , a n d d i s c o u n t o n b i ll s
5 ,m i 4 B e n t s a m i s u n d r y c r e d it s .
5 ,2 3 9
t e n t s , ta x es an d lo s u r ...
1 6 ,7 2 0
L e g a l e x p e n s e s (A u g u st,

1892, to A u g u st, 1895),

6 ,8 0 0

S t a b le a c c o u n t .....................
M a c h in e r y r e n t . . . . ...........
P r in t in g , s t a t io n e r y , A c .
D e p r e c ia t io n .
. .............
R i.-u r v r f o r d o u b t f u l d ’ b t s

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

* 5 1 2 ,3 3 4
4 9 5 ,3 1 7

.Balance, or goto daring year, $17,017
"A s will be soon from the foregoing, the profits during the
year, prior to writing off for depreciation in plant $17,721 82,
and for reserve fi r di ubtfu! debts $3 419, were $38,161.”

THE CHRONICLE.

356

Treasurer F. W. Hopkit s calls attention to the careful re­
valuation that has been made iu the company's assets. Ttie
item of real estate has beeu cut down from iloO.OOO to
directory plant and goodwill from $800,060 to $800,001) atul
printing and binding plant from $519,933 to $330,771. Ihe
item ‘‘goodwill” of $61,929, appearing iu previous reports,
has been stricken out entirely. The accounts and bills re­
ceivable are all considered good; some $14 ,17 6 doubtful and
slight amounts have been charged off.—V. 61, p. 365.
Brooklyn Elevated Railroad,
f Report fo r the year ending June 30, 1S96.1

The f o l l o w i n g has b e e n c o m p i l e d f o r t h e C h r o .v i c l e
f is c a l year 1895-96, c o m p a r e d w i t h p r e v i o u s y e a r s :

fo r th e

EA R N IN G S, EX PE N S E S AND CH AR GES.

1894-5.
$
1 ,9 3 1 .4 9 6
1.086,585

1895-6.
$
„
G ro s s e a r n in g s ............1 ,8 6 1 ,7 5 6
O p e ra tin g e x p e n s e s .1 ,1 0 2 ,t s 7

1,75-5,26.'?
] ,0 7 6 ,6 6 2

1892-3.
$
1 ,9 3 5 .683
1 .0 9 1 ,713

1893-4.
•■8

N e t e a rn in g s .. .
....
O th e r inco m e

7 5 9 ,5 9
l'.O o .r

8 4 4 ,9 1 1
4,4 6 2

6 7 a,f>0'‘
5 ,9 17

8 4 3 ,970
1 1 ,447

T o ta l................. . . . .

7 7 0 ,6 5 4

» 4 9 ,3 7 3

6 8 1 ,5 1 7

8 5 5 ,417

I n te r e s t on b o n d s. . . . 6 4 1 ,4 1 8
O th e r in te r e s t----1 1 0 2 ,5 1 8
. . . 1 2 7 ,382
T a x e s ................

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

6 4 1 ,4 5 0
4,833
5 5 ,7 1 6
1 0 9 ,1 3 6

6 4 1 ,4 5 0
2,104
2,500
9 8 ,255

D educt—

7 4 4 ,3 0 9
8 1 1 ,135
8 4 6 ,1 3 3
T o t a l................. . . . . 8 7 1 ,3 4 8
s n r.2 ,4 4 0 d e f.1 2 6 ,6 1 8 s u r . l l l , » 0 8
B a la n c e ................... ..d e f.1 0 0 ,6 9 4
GENERAL BALANCE SHEET JD N E 30.
1894.
1895.
1896.
$
$
A ssets—
$
2 6 ,4 8 3 ,1 0 5
2 6 ,5 0 8 .4 1 4
.2 6 ,5 9 4 .7 2 6
11
1,045
5
9
,5
2
?
S u p p lie s o n h a n d ...........................
6 0 ,263
9 7 ,9 3 0
3S.675
C ash on h a n d ............. .
2 7 5 ,499
3 8 7 .7 3 3
.
4 3 0 .1 0 9
B ills r e c e i v a b 'e .................
2 9 ,3 9 3
O pen a c c o u n ts .................
“ S u n d rie s ” ................... ...
______
____
nA«9.7
P ro fit a n d lo s s, d e fic it ..
L ia b ilities—

.2 7 ,2 3 7 ,9 4 5

2 7 ,0 5 3 ,6 9 5

2 6 ,9 2 9 ,9 1 2

.1 3 ,2 8 3 ,6 0 0
.1 2 ,9 6 8 ,0 0 0
5 0 0 ,0 0 0

1 3 ,2 8 3 ,6 0 0
12 ,9 6 8 ,0 0 0
3 5 0 ,0 0
1 LV )00
2 8 0 ,5 0 1
11,6 3 0

1 3 .2 3 3 ,690
1 2 ,9 3 4 ,0 >0
3 0 0 ,000
1 1 4 ,009
1 1 4 ,929
9,353

L o a n s an d b ills p a y ab le
I n t. on fn n d . d e b t.d u e 5s a cc ru .
O pen a c c o u n ts , p a y -ro lls ,e tc ..
“ S u n d rie s” .....................................
T a x e s o a ro a d , a c c r u e d ..............
P ro fit a n d loss, s u r p l u s ............»

111,000

109,215
13.367
2 4 9 .7 6 2
.............

2 7 ,2 3 7 ,9 45

T o t a l ___ _
- Y . 63, p . 75.

4 6 ,0 7 4

1 0 9 ,7 3 0

2 7 ,9 5 3 ,6 )5

2 6 ,9 2 9 ,9 1 2

Denver Consolidated Tramway.
( Earnings fo r year ending June 30,1896.)

The following statement for the late fiscal year has been
furnished to the C h r o n i c l e :
T ears en d in g J u n e 3 0 G ross e a r n i n g s ...............................
O pe r a tin g e x p e n s e s .....................

N et e a r n in g s ............................

1896.
$'
7 2 9 ,3 9 9
4 4 5 ,9 6 6

18 9 5 .
710?103
4 3 2 ,501

1894.
$
7 2 9,237
4 4 9 ,9 8 2

2 « 3 ,4 3 3
11 ,9 0 5

2 7 7 ,6 0 2
1 1 ,1 6 3

2 7 9,255
7 4 ,809

2 8 8 ,7 6 5

3 5 4,064

1 9 7 ,9 6 8
1 2 ,8 5 7
15.8 4 1
(2% )6 0 ,0 0 0

1 8 1,298
13,759
29,101

2 8 6 ,6 6 6
2,099

22 4,15 3
129, 06
in c lu d e s

T o ta l............................................
D educt—

T a x e s ...............................................
M isc e lla n e o u s .................................

1 9 9 ,7 5 0
12,645

Dividends......... ................... . . ( W o ) 1 5 ,000
T o t a l................... ........................
B a la n c e , s u r p l u s ...........................

2 5 6 ,0 6 9
3 9 ,2 6 9

In Ihe above statement 1other income” for 1896
sales of scrap metal $10,898 and dividends on D. C. T. stock
in treasury $1,007. The company also received $10,500 from
sale ( f stock and $486 from accounts othnr than operating.
The “ miscellaneous” charges for 1896 include $2,409 written
off for depreciation of tools, fixtures, etc., against $1,209
written off in 1895.
BALANCE S H E E T JU N E 30.

13 9 6 .
1895.
$
$
R o ad , e c . . . .6 ,2 9 1 .5 4 6 6 ,2 3 2 ,8 0 8
M etrop. R y .
3 0 ,0 0 0
b o n d s .............................
D . C. T Co."
b d s .& s to e k
3 6 0 ,4 4 2
5 0 ,0 0 0
‘ C a 9li .............
6 ,1 5 6
9,8 3 4
M at. a s s e ts .
6 1 ,2 5 9
49,5 9 3
B ills re o ’b le ..
4 3 ,6 3 3 2 7 1 ,4 3 9
D c n .R ’y Uo..
3 0 2 ,0 0 0 3 0 0 ,1 4 5
A cop* re c 'b lo
1 1 ,5 5 3
30,5 9 3
M isc e lla n 's
4 5 ,5 3 0
13,2 1 5
Assets—

T o t.a s s e ts .7 ,1 2 2 ,1 1 9
a n V ln 1895 # 0

6 ,9 8 7 ,6 3 6 |

1896.
1895.
L ia b ilities —
$
$
9 to o k ............. 3 ,0 0 0 ,0 0 0 3.00O .000
B o n d s .............3 ,5 9 2 ,0 0 0 3 ,5 2 0 ,0 0 0
C o l.tr. n o te s
1 6 1 ,0 0 0
A c c ru e d in ­
te r e s t o n
b d s., 5 p . c .
7,437
10,0 00
D e p o sit fe e .
4 ,1 3 2
4,3 2 2
B ills p a y a b le 1 8 0 ,400
3 1 6 ,9 5 0
A e c ts. p a y ­
a b le .............
21,007
3 3 ,8 7 8
M lsoell. fu n d
3 ,8 8 4
481
S u rp . a c o t ... 1 5 2 ,259
1 0 2,004
T o t. U a b ll..7 ,1 2 2 ,1 1 9

6 ,9 8 7 ,6 3 6

2 ’ 116 8har63 ° £ 8tool£

[V ol LXII1,

R a il r o a d s a n d M is c e l . Oo .’s .
V olu m e 6 3 —
Page.
■'m eri c -inW ittor Wo rkg.........reo rg. 208
A tlantic S hort Line............not sold. 310
B altim ore & Ohio........... coup. 152, 188
Carolina Knox v. & W estern ...sold. 186
Chesapeake Ohio & South w .. .sold. 1 8
C hester Sc Lenoir..................... reorg. 227
Cincinnati S ou th ern ................ sale. 153
Columbus Hock. V. & T ol— plan. 228
D enver Lakewood & G olden.recur. 2*8
D uluth & W innipeg.sold. 189; plan. 189
Grand H ap.& Ind..pian, 153; coup. 229
H ouston E. Sc W. T exas........ phn . 289
H udson Tunnel Co .................plan. 154
Kansas M idland..................... force1. 22 *
Memphis & C harleston........... reorg. 310
M exican S outhern....................plan. 229
M orrlst’n&CumberTd Gap.no* sold. 311
Norfolk & W estern __ coup pur. 189
do
do
.......... lastossess. 154
do
do
.....................sale. 311

R a i l r o a d s a n d M i s o e l . C o ’s .

Volum e 6 3 —
Page.
N orthern Pacific....................... sold. 189
do
do ............. Last assess. 154
Oregon Imp ...default, 155; reorg. 190
Oregon KR. <fc N avigation........ int. 311
Philadelphi i & R eading..3d assess. 2*9
P o rt Royal & A u g u s ta ......... sale. 155
St Lou. & San Fr.coup., 155; assess. 311
T erre H a u te & L o g a u sp o rt.... com. 311
Tex. Sabine Yal. Sc N o rth w .. reevr. 155
Union Pacific..................... ...... coup. 190
U nited Coal............................. forecl. 230

S t r e e t R a il w a y s .
V olu m e 6 3 —
Page.
R rU antine T ra n sit.................. reorg. 310
M etropolitan W. S. El.(Ch’go).coup. 310

Alabama Great Southern HR.—Belt Ry. of Chatta­
nooga.—Meeting to Approve Lease, etc .—At the annual meet­
ing of the stockholders of the Alabama Great Southern Rail­
road Company Ocr. 7, 1896, at Birmingham, Ala., the follow­
ing ac's of the company will be submitted for approval:
Tta actioD re g a r d in g th e r e o rg a n iz a tio n of th e C h a tta n o o g a U n io n
R a ilw a y C o m p a n y a n d in a c q u irin g o e r ta in s e c u ritie s o f th e B e lt R a il­
w a y Co. o f C h a tta n o o g a .
I ts le a s e u n d e r d a te o f D e c 21. IS 9 5 , o f t h e B e lt R a ilw a y Uo, of
C h a tta n o o g a u n til J u ly l , 1945, a t a n a n n u a l r e n t a l a s fo llo w s : (1)
T h e p a y m e n t o f a n a m o u n t e q u a l to th e in t e r e s t o a s u e h o f th e f ir s t
a n d s ec o n d m o rtg a g e b o n d s o f s a id c o m p a n y o f th e tw o Issu e s n o w
a u th o riz e d , to w it: -6300,000 firsts a n d 6 2 1 .0 0 0 se c o n d s, a s m a y fro m
tim e to tim e h o o u ts ta n d in g (so f a r a s t h e in te r e s t u p o n s u c h s e c o o d
m o rtg a g e b o n d s m a y h a v e b e co m e a fix e d c h a r g e ) ; a n d ( 2 ) th e p a y ­
m e n t by th e le s s e e o f alL ta x e s , o p e r a liu g e x p -m s e s a n d c o s t o f m a in ­
te n a n c e o f th e p ro p e r ty , in c lu d in g th e m a in te n a n c e o f o rg a n iz a tio n .
—V . 61, p. 610, 1104.

Baltimore & Ohio RR. —Coupon Payments Sept. 1.—The
interest due Sept. 1 on the sterli ng loau of 1872, amounting
to$290,100, and on the
p. c. mortgage bonds of the Central
Ohio, amounting to $56,250, it is understood will be paid,
the first named through Baring Bros. & Co., of Lon­
don, and the last named at the B. & O. office in Baltimore
and at the Union Trust Oo., in flew York. Tne-se are chi
only coupons due Sept. 1, aside from a snail bridge loan
guaranteed by Pittsburg Sc Western.—V. 63, p. 268.
Boston Oi Maine RR —Quarterly.—Earnings for the quirter
ending June 3) have been reported as foil) vs. RnmLsfor
the fiscal year are given on a preceding page.
3 m onth s
Gross
etui. June'SO— ea rn in g s.

Jet
ea rn in g s.

O ther
incom e.

Interest,
IS d a n ce,
taxes, etc. su rp lu s.

1896 ............. $ 4 ,3 2 9 ,5 6 5 $ 1 .) 16 12 9 $ 1 8 1 ,3 7 0 $ 1 ,1 1 2 ,6 5 8 $ 7 5 ,3 4 1
1 8 2 5 ................ 5 ,0 2 ? ,0 2 1
1 ,4 5 1 ,5 1 9
1 8 1 ,5 3 8
1 ,3 1 7 ,4 2 1 3 1 5 .6 6 3
— V. 62 , p . 9 o 7 .

Brooklyn Elevated Railroad—Quarterly,—Etraings for
the quarter eadiag Jua-- 33 have been reported as follows.
Results for the fiscal year are given on a precsd ng page.
3 m onths
Gross
end. J u n e 30. ea rn in g s,

V et
Oher
e a r n o g s, incom e,

Interest
taxes, etc.

B d a n ce,
su r. o r d ef.

1 8 9 6 ..................$ 4 4 3 ,2 7 0
1 8 9 5 ................. 5 2 4 ,5 9 7
—V . 63 , p . 75.

$ 1 7 9 ,6 9 0 . $ 3 ,4 2 6
2 4 3 ,6 2 2 1,764

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

d e f. $ 57.422
s u r. 3 0 ,6 0

Chicago Hammond & Western H R .—Chicago Belt Line
Partly Opened.—Traffic Manager Horace Tucker announces

that this road is now in a position to handle interchange traffic
from Whiting, Ind., to Blue Island, 111. At Whiting the road
connects with the Chicigo & Western Indiana, Lake Shore,
Fort Wayne and Baltimore & Ohio roads; at Himmond with
the Nickel Plate. Erie, Monon, Michigan Central and
Wabash roads; at Dalton with the Pan H indie and Eastern
Illinois roads; at Riverdale with the Illinois C-m‘ral and Big
Four roads; at Blue Island with the Chicago & Calumet, Rock
Island and Grand Trunk railways. The company is now ex­
tending its track and expects in the near fuurd to connect
with all the Western and Northwestern lines north of Blue
Island.—Y. 6.', p. 778.
Cleveland I’ainesville & Eastern (Electric) RR. —Com­
pleted. —This new electric line, extending from Cleveland to
Painesville, a distance of 2S mi es, hai been completed and
cars will so >n be runni ig regularly His Painesville C >mpany was organized under the general railroad act o f the
State of Ohio, with a capital stock of $500,000. From Euclid
Avenue to the Public Square in Clev-lind, a distance o. two
miles, the cars will run over the tracks of the Cleveland Elec­
tric Ry. A contemporary says :
“ T h e C h a g rin R iv e r h a s b e e n b r id g e d a t W illo u g h b y w ith a s te e l
s tr u c tu r e w h ic h h a s o o st $ 3 7 ,5 0 0 . T h e p o w e r-h o u se is a t W illo u g h b y
a n d u s e s th e w a te r fro m th e C h a g rin R iv e r fo r m o tiv e p o w e r. T h e
tr a c k is la id w ith 68 -p o u o d W h u 'to u g ir d e r ra ils , a n d is c o n s tr u c te d in
a s u b s ta n tia l m a n n e r w ith s to n e a n d g ra v e l b a lla s t. T h e Hue is p ro ­
v id e d w ith th ir ty - f e e t c o m fo rta b ly u p h o ls te re d p a s s e u g e r eoaohes,
b u ilt b y th e J . G. B rill C o m p a n y , o f P h ila le lp h ia . a n d e q u ip p e d w ith
G. E . 1 ,5 0 0 m o to rs, e le c tr ic b ra k e s, e tc . T h e lino p a ra lle ls th e L ake
S h o re & M ich ig an S o u th e rn R a i lr o a i. a n d th e fa re s o n th e e le c tric
ro a d a ro fro m o n e -h a lf to tw o -th ird s o f th e a in o u u t c h a r g e d b y th e
s te a m ro a d .”

Colnmhia & Maryland (Electric) Ry.—Description of
Equipment.—This company—the boulevard road which is to

connect Baliimore and Washington—has closed the contract
for its electrical equipment. For the through cars, eight sets
of four ICO horse-power motors will be furnished, each set
guaranteed to maintain a continuous speed of sixty miles an
G EN ER AL IN V E S T M E N T N E W S .
hour on a level track. The through cars will be 43 feet long
Reorganizations, E ' c . -la te s t B it a as to Defaults, Reor- and run in trains, with a total weight of forty ions to be drawn
g m iz it ion Plans, Payment oj Overdue Coupons, Etc.—A ll by the four motors. The trolley used in the Baltimore tunnel
• a c t s o f t h i s n a t u r e a p p e a r i n g since t h e p u b l i c a t i o n o f t h e l a s t is likely to be adopted. This is a sort of trough, through which
is s u e s o f t h e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s runs a metal shoe that takes up the current and transmits it
m a y be r e a d i l y f o u n d o> m e a n s o f t h e f o l l o w i n g i n d e x . T h i s to the car motors through a flexiole connecting cable. The
index d o e s not i n c l u d e m a t t e r i n t o - d a y ’s C h r o n i c l e .
advantages of this form are freedom from danger of the trolley

THE CHRONICLE.

A nor ST 29, 1-S9H j

leaving the soureeof electric supply ami the protection afforded
th e Connections against the elements ia w inter.— Scientific
American Supplement.”—Y. 03. p. 28.
(M a m b a s So ith e ra R j.—Foree'omre Sale Sept. 10. —The
f o r e c l o s u r e sale is advertise! fur 3 ? o t . '0 at Columbus, Ga.,
upset price to •* fSWJMO —V, 62. p 1087.
D enis ui St Ntarihern RR. -CoiO.net Rescinded.—At Ard
more, I. T.. August 20, the United States Court resetn iad the
contract by which the M ireril B-It C u H trn rio j 2 i „ no v in ­
solvent, agreed to buiid the r >ad, a id th * it -c *iver will th ere­
fore receive new prop witions for the work, Tw*Bty-Sve
miles of grsdiog and bridge w ork has baen com plete) and
§85.000 w oith of receiver’s certificates have been is sued.—
V. 62, p. 928.
Diamond M a t c h - New York B l s e n i t — M obility fo r Spec­
ulation —A co n ai it tee of th* Chieag > -Loot E x ilin g ? Ins
been investigating the condition of these companies and their
connection with the spec dation in their stools which resulted
in the failure of the firm of Moore Brothers, Press dispatches
quote the report as saying:
“ W e a r e s a t is f ie d that t h e e a r n i n g p o w e r o f t h e D ia m o n d M a t eh C o .

Is f o u r a s r e p r e s e n t e d t iy t li .re In I n t o e a t. T h e fir e » r O n t i o a g o u Is
n o t t h e c a t a s t r o p h e w U leh h i - b e e n r e p r e s e n t e d .
rh sreu n m v bad no
m a t c h f a e t o r y t h e r e . I m p l a n t c o n s t sre-t o f t a m U n u M t a z t K t t t t t a
Z t h m # t '7 . 0
in s u r a n c e d l e t r i h o t e d In 8 * 0 t w « t e a t a p a n t e * . T h e
fir # m itt In n » w a y i n t e r f e r e w it h t h s p r o b t c t l o \ o f to r t o b e - .
" Tli'* s t a t e m e n t s u b m it t e d o f t o e B i s c u i t O o. *t*ow * a p r o fit o f
S3.16S .O O C f a r t h e p a s t f iv e y e a r s . T h e b tts la e M o f t h i s c o m p a n y it
a l s o s a id t o b e w ets m a n a g e d a m i a S tr ict a c c o u n t o f * itu * k e p t ,”

0

As to the relation of the companies to th? speculation i t
their s t o c k s t h e f a c t s a r e s t a t e d a * f o l i o « s :
••Tim c o m m i t t e e fin d * th a t i h e M o o r e s r e w i r e d e h * c k * f r o m t h e M a t c h
C o m p a n y f o r m a r g lu s a g g r e g a t i n g fiiO O .O 'H ). a n d c h e c k s fro n t tit • B U
c o l t c o m p a n y a g g r e g a t i n g *2S8.*'kX». T h e f o r m e r U u n d e r » n a c o .iu it
e a U e d •.f, K . R o b in s o n , t r u s t e e ,’ a n d th e l a t t e r u n d e r t h e n a m e o f
• II. J . E v a n s , t r u s t e e .’
■•These c h e c k s , i a b o t h in s t a n c e * . it Is c l a i m e d , w e r e ts a n e d b y o r d e r
o f t h e e x e c u t i v e c o m m i t t e e * o f tt>» r e s p e c t i v e c o m p a n i e s , b u s « n th e
r e c o r d s o f n e i t h e r cor| «»ratS on Is s h o r e *m * r e c o r d o f t h e d i r e c t o r s li »••
l o g p a r s e d a n y r e s o lu t io n i n d o r s i n g ! b « a c t i o n o f t h e e x e c u t i v e w i n
m U t e e , a n d It is th * o p i n i o n o f l e g a l e o t a s c i t h a t n e i t h e r t h e W atch
C o m p a n v -n o r t h e B is cu it. C o m p a n y ta m lie h e ld r e a p t n - i o l o f o r t h e
pU TCbaae o f s t o c k f o r w h i c h t h e I r r e g u la r ly d r a w n c h e c k * w e r e u s e d .
T l i e M o o r e B r o t h e r s w e r e b a c k e d b v a p o o l , a l l t h * m e m b e r s o f w h ic h
a r e lia b l e , b u t t h e i r n a m e * a r e w it h h e l d f o r t h • p r e s e n t **
T h e com m ittee was unable t o f o r m u b it , • a sa’i factoryp l a n f o t the trusteeing o ' th e f l o i i n g k ’ O - k o f the t w o
companies a n d a s k s f o r m o r e tim e in which t o d o s o .

F m at Ontonagon—The Jo»< of the D itnon 1 Match Co.
by Are a t Ontonagon it Is cl dated is full v « ivered hy t »e in ­
surance policies) for $187,000 above referred to a i d w i l l r e .
su it in noeaiharTaeam rnt. The logs re longing to the co u
pany in th a t lotfil'tjr are *nid to li - in th e river th re t m les
f r o m the place where th e tire oo -urred. — V . 62, p. 45$, 457.
F l o r i d a M i d l a n d H R , — S a l e O o n f i ' m e i . — T h « f • re c lo s u r e
s a l e , i t is s t a t e d , h a s h w n c o n f i r . n *4,
T h e r o i l s o l d f o r $ 3 5 ,00O , a n d t h e l i t i s r a i i i n a n d C o u r t e x p e n s e s f o i l u p o v e r

500, while from the balance i» payable the re reiv-r's d ’fl?ie.—
V. 62, p, 548,
Grand T runk Ry. (Canada).—F trum f/x.—Tne statem ent
for (be half-rear ending June 80, 1896, compares as follows
w i t h t h e p m ioua year, the r e m i t s b d u g g i v • i i i sterling :
6 mot. to
til on
Operating ' .Vef
Fixed Pittance.

June 30,

earning*.

exmnmt..

1 9 9 6 _______ ...S t 1.7O 7.5O 0
1 4 9 5 .................... 1 . 6 ‘ 3 .1 0 0

1 .1 7 1 ,1 0 0

earning*, ekgs .net, mrphit.

iis > .3 > 0
l i ’i . t W

* H 4 .7 0 0
1 7 4 ,1 0 1

i 1 .0 0 1
3 ,0 1 0

There wa? advanced to the Ohio ft to It Grand Trunk a id
D » roll O rtn I 11 iv n & M>l.v inks-* r.n l< • • vt* Is p t vnasnt >f
Intern*, on tf>*>r b o n is £88.600, #g«i t#t £27,893 in 1835, leav­
ing a deficit for th« si* months of 1896 of 642.00') <a<a*o«t
£O|,088 deficit for ttm six month* of las’, year.—V, 62. p. 774.
Green wood Anderson & W inter* Ry. —C a r d in s MidU id
RR.—Cb irle stn n St
KR —.Vue Loan —Cmsoli l ttion.
—The advert!* m -n t offering ttai new band i of th* Green*M0$ A odcnna & tv-eueru {*« V. 63, p. 151,) gives the f »<r«
regarding th * loan a id the prop a «d c > n did iti >i r i h th •
Carolina M> Hand a i l th* n » v lo a r|* st. i & M i n i no v
under c instenc ion Toe baid* ar* 5 p < r c e i t ( >rty-y*ar fir*mortgage got I bon t *, to h i ism el a t th» rate o’ $ 12,00 . p *r
mile, b u t only on >m >!"»•* I septiin* five tn*l-« to length
They are Convertible into mm I ir b > t ii of to *c i a *oli I tted
coinpanie* controlling the entire li ie from Charleato» to
Greenwood. 8. C , a n i Macon, G i. As to the $ 2i i,i» ) im .li
dow offered to the public, the advertisement sa y s:
T h e s e b o n d s f o r m a p i r t o f a n i « m « o f * 1 ,5 1 8 .0 0 0 . * - c a r e d h r a fir s t
n n i r ie n s e t o Ilia O r a t r a i T r a i l C o m p a n y o f H e w Y o r k c o v e r i n g all
th e r e a l a n d i»-r*on a1 p r o p e r t y a n d f r a n c h is e * o f i h « O r e e n W o « l
A n fie r s o B & W e s t e r n R r . n o w o w n e d a n d h e r e a f t e r a c q u i r e d , a n d o o v e r ln v a l s o t h e o p e r a t e d H ue o f r a ilw a y f r o m A lle n d a le S, C . t o
f ie t T e r n .S . C „ k n o w n »■» t h e C a r o lin a M id la n d R a il r o a d , n o w b e f o g e x ­
t e n d e d to B a t e s b n r g a n d G r e e n w o o d . 8 >K o f i k e e n t ir e Is s u e , n a m e ly
S I A J 2 .I OO, 6 3 0 0 .0 0 9 h a v e b e e n ta k e n at p a r In p a r t p a y m e n t o f th e p u r
c h a s e m o n e y o f th e p r e s e n t o p e r a t e d < * !* ty m il e s o f ) r o a d f r o m A llm d a l « t o S e l r e r n . a . c . . a b o u t t o b e p u r c h a s e d f r o m t h e C a r o lin a M id ­
l a n d B y O#.? 9 -1 6 9 ,0 0 0 h a v e a lr e a d y b e e n ta k e n h r t b s p u b lic : f 10 > ,00 0
h a v e b e e n f s k * n a t p a r b y the o o n l r a o t o r a am i * 2 3 0 , 0 0 ) a r e n o w
o f fe r e d , a s s b o v e s l a t e d , a t * » p e r c e n t n o d a c c r u e d Interest
B r t h e t e r m s o f t h e a ir r e c m c fit f o r «o n so U < fa tl> n b e t w e e n t h e S c o u r .
H y C o n a t r a p t io o C o n t o a o y . t h e C h a r le s t o n v M a e o n R R . C o ., th e S o u t h
C a r o lin a M id la n d C o ., th e a r e n a w o o d . A n d e r s e n A W e s t e r n I ty . a n d
f n « S t r a n g S r c d l e a t e I m lld in g th e r e a d l o in A lle n d a le t o B a r n w e ll.
S m ith C a r o lin a , to M s c o n , G e e r f i * . ftte »e b o n d s a r e n t o h a t u r o a h tn f o r
a n d . rm v. rtih .. t p t e th * u u lfl.'d c o n s o l id a t e d fir s t m o r » g « . * b o n d s o f
t h e m o r e s y s t e m w h «r» l * s » « d . b e i n g fl s t m o r t g a g e S p e r c e n t f i r t y y e e r snolfl b o n d * at >iic r u le o t f I '. ' OO p t r m ile , a n d t)] •*<• b o n d s , w h e n
t h e M S M B d a t fo n t » k « s pta.ee, w ill a t a n o n b e c o m e * l « o B re t m o r t g a g e
r>or,d» o n a p a r it y w ith t h e first m o r t g a g e b o n d s o f t h e C U a r le s to u &
* » « e - n R > i ;r o v ! l ii i p p A n y . w h ic h h i v e la t e ly b e e n t a k - n u p b y th e
p u b li c a* fiS pet ceilE
B y t h e t e r m s o f th e c o n s o l id a t i o n b e t w e e n t h e s e v e r a l r a ilr o a d * a n d
c o n i ! r u c t i o n c o r n p H ile * above referred t o , » m \ jo r it y o f th e s t o c k o f

S67

the e n t i r e s y s t e m w a s p u t In t r n j t f o r a p e r i o d o f t e n y e a r s t o b s v o t e d
f o r a b o a r d o f d i r e c t o r s u n d e r a p la n w h ic h i s t o b e s a t i s f a c t o r y to t h e
s e c u r it y c o n s t r u c t i o n c o n o t u y . B y th is a r r m e e u a n t t h e b o n d s o f
t h e G r e e n w o o d A n d e r s o n & W e s t e r n R y b e o i m e a n e q u a ll y g o o d s e ­
c u r it y w i t h t h a t o f t h e C h a r le s t o n & .M io o u R R . - V . 6 3 , p. 1 5 1 .

Gulf A Skip Islaad RR.—Construction, about Completed.—

The rebuilding and new construction work o i this road in
Southern Mississippi is now about closed up, The present
length of the road is 71 miles, which has all been laid w ith
rails since Jan. 1. Twenty miles of the track was laid with
rails about eight years ago. I t was used a Hitt - md than
abandoned, and when the present owners took hold of it in
October of 1833 it was merely strung along a i d overgrown
with bushes. The track laid Is between, the G ulf Goast, at
Gulfpor . Miss, and Hattiesburg, Miss. The rail is a 69-lb,
section, except the 2) miles, which is la it with 56 to. tails.
T. J. Stew art i* receiver of the r iilr iad —‘’Railroad G izatte.”

Kansas City Pittsburg 4S Gulf RR.—Deep Water at
Sabine Pass.—The depth of w ater at Sabine Pass on the Gulf
of M Jitoo, the term inus of the Kansas City P ittsb u rg h Gulf,
it is reported, is now 24 feet. The steam ship D irlm gton,
dra.vi ig 33 feet, cleared from th at port on the 13th Inst, for
Ijin d o i, carrying a ea*go of 1,809 000 feet of Texas yellow
ine Itim'tor. T ie entire cargo waa load »d a t the wharf, no
g liter age being necessary. Ic is thought th a t from this tim e
on th* traffic of t ie p art will rapidly d*vMot>} and that the
export lum ber trade will reciiv* a great impetus, us vessels
of large tonnage can now bs chartered.—V. 63, p. 269
Litiigli Valley Ry. of New T u rk —Quarterly. —Tuis oompaav coTyiris’* ill * Littigh A’ atley RR im ei ia N jw York
State, 3KT rail,*, E i-uings for the q u art r a i d the nine
m i HU* e s lin g J u ip 3) have b *en re p n .e d a* full i v i :

R

3 inn i l k !
en l. J a n e 3 0 —

tim e s
e a r n in g * .

1 4 ‘6 ...................

$ 1 ,2 « 2 .6 5 3

1.49S

1 ,1 1 5 .4 6 4

S'et
e a r n in g s .

$ T H * .4 8 l

In te re s t,
tuxes, etc.

B a ta nee
su rp lu s

$-219,109

$ 1 0 0 ,7 7 :,
8 9 ,0 9 3

2 7 0 ,4 1 7

1 3 1 ,7 3 4

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

$ 7 li.t S 7
6 J 7 .1 0 5

9 m onth s—
H » v * e ............................ f j , 9 0 7 ,4 7 9
1 8 0 4 - 9 5 ................
3 ,3 9 0 ,1 8 7
- V . 62, p, 1037.

$ 4 9 7 ,3 7 4

3 7 0 ,5 2 6

hunisrIU e New A lb an y * Chicago Ry.—Rich no ml Nioho
la srllle I r r ln e a- H ra ity v itle \U l—R eeir r Appointed.—
\ t lid ia ru p ili*. Aug. 24, J*i Ige NY. A. SV lod*. ia un> United
S 'i'f s Circuit C iu rt, appointed Ganeral Manager W illiam II.
McD >el re:eiv.*r <)f th ■ L iuw vill” Ne w \tb a n v & Chicago
RulW iy upon the applie-att m of J >hn T. Mills, Jr. Mr. Mills,
in hi* complaint, allege! the non-oavone it of fiv ed eu n n d notes
i n ! .s foil’>,v* : March Pi, $ W.U7 ; Aoril 15. *80,000 ; April
8 ». $121,689; June t . $10 U> «); Ju n e 3 i. *93,504. Ju igm ent
w .8 given for $494,911. Toe receivership, however, was pre­
cipitated l>f the attomp* of the Beatty vil e bondhold rs to
enforce the paym ent of interest on their bond* under Judge
T aft’s recept d ciiion upholdiog the guaranty, An official
Statement regarding this attem p t was in the ClXROSICLE of
AogtW 15, page 389. A rrrij irity of the Naw Aluaay bonds
is held h>* the friends of the company, and the intention ia to
reorganize after foreclosure -ale. This will result in debarring
all cU i’iut on account of the Beattyville guaranty.
President T n o m t s t s s u s d i i sulntanca tne f o l l o w i n g :
T in * :• Minn
t * k » a h i t h e I n t o r n i t o f t h e p r e u i n t n e c a r i t y b o '.tle rs ,
a ii’l w ill m t l u a i a tl>» p r o p e r t r l a u e t it'itU « n « b t n a i a * a r v o r g u i iz * u o a eu > h e a m i | R
T li? e o m p t o y b a s a l w a y s b a s il a b a n d i m t l y a b l e
t o p * y » l ! o f It* d e b t s a n d its s o fv e u u y l it * n e v e r b <on n u e u l o a e I u n t il
th e .th U ni*l .le o l i l >n o f J u d g e r .ifc o p e w < l t h e w .»v t o s i d t ie t 'm e . >mp * n r w it h * b « 4 « i> t * o f a n o t h e r r u i 4 , I t U l o - U y t o Instcer p h r s i o y l
e o n d U l >n th s o « v r h e fo rw a u l Its c i p t ’ ltjf f *r e a r n i n g m i n e r Is h a t­
te r . T h * *■!•.« ( N t t m w i m u a r is e * f r o m th> t u f f t Y i t j t h a i h s o a
e » ll # 1 a p e n t o p a y th e d e b t s o f <»n oth' » r c .» r p » r » U i> o . f n » *»<: d t o r s h io
o ' la a iy a u o * in h e r it v l
w il l p u t a n e n d t » t l » l * a n d n il s i m i l a r « » i
fru tu p i n t m n u p i i i i - t i t * . A n u l i r u r o f o u r m i r t g t g * b i c n ls is in
th e h in d * o f f r ie n d * o f th e e > n ) i i v . a n d It «rih !> , ,■ n r t i s r r s a g o
f o r a f o r e c l o s u r e w b 'c l i nrlU e s U a g a u h th e a l l o t «t e '-v l'O i In s u a is ,
11®ft * U h th e I J e i t t y f i l l * su it: a n d w ill e n a b le t h e p r o p e r l y t> b i r e ­
s t o r e ,! t o th o u * a t p r e s e n t I n t e r e s t e d tn It, w l ’ h > i t t h e s l o f l l l o ) o f a n y
p a r t o f t h e i r e x i s t i n g v a lu e s .
T he e o m n a o y h u o n l y a t r il l in g a m o u n t o f h ills p iv in to , w h ic h w o r e
oil1*"! i for tbs purpose of tou lh U a g the Indian spoils terminals and the

!,if tyetre shop*, b >th of whloh are vested in s ipataio oorpor itloa*
and seouro the debt la the late-est of th* Com? my.-w 61. p. 389
Plotting Debt—Regarding th* cutnpin*’* llit'i.n g debt
Judge J Irani S. Pirtlo, a'.tornsy f >r the c imp tnv a t L m iiville,
is q i >t«l ss n v in g :
lu a d d it i o n t o (tie I I U . 0 U d i e M r. M ills f i r a d v a n c e ! f r o m t im e t o
t im e i>i * t h * a m m o t a l i e n ’ d t o b e d u a o n t n io d o r t e a t o u * o f t h o
B e » i t y v illa b o n d s , t h e r e i s » ) d l a m e n t o f # 1 9 0 ,0 9 9 (s m p a r t i c u la t e In
O i r a o v t o t , * 0 t a t o r e l i 2 1 , 1 8 9 3 , p a g e 5 !'2| n o w o n a p p e a l In O hio i g o ,
w h ic h Is a. s p e c i f i c h e » o n a p o r t io n o f thu n r o p a r t v , I t b e i n g a p a r t o f
t h e p a r c h n o o * » > « « p o r t io n o f th e r o a d
l a a d d it i o n t o t h is t h e r e is
w h o t I* c a l l e d a f lo a t i n g d e b t o f a b o u t # 1 ) 9 , 0 0 3 .
U o ro o v e r, d u r in g
t h e n e x t e ig h t e e n m o n t h * t h e o m o p a n y w il l b e c o m p o u n d t o c h a n g e
alt th e c o u p l i n g o f ih * f r e i g h t o a r s t o * i f e t y a o a p li a g * a n d a ls o p u t o a
p l a '.f o n n s
T h e c o s t o f th is c h a n g e w il l h e a b o u t $ 9 1 0 ,0 0 0 .

The floating debt pioper, therefore, appears to aggregate
about $9 10.000.
L i a b t i i t i / of Ol*lDirectors,— VII t e directors of th? road
for th* year t839 were form illy uoliflsd this week th at the
present m a o ag em jit consider them liable for the guarantee
of the B ‘ittvvitl * ficm It*. I is u n d en ted I th at 1’gal orocselings will be taken against them at ones.
Toe directors
elected M trch 1, 1838. w ere: W illiam D iw l, J ibn J . Aster,
Samuel Sloan, Ja m -I K lose veil, .J iM B E - m r lt, H H .O iok,
R. G R ils’nn and Elihu R iot, of Now Y o'k ; O R C m
mings a n ! John B Carson, of Cnioag i; R R H itt, of lit.
Morris, III,; J, M, Fetter, of Louisville, and G. F. Puitlathw aite, of London.—Y, 63, p. 269.
Macon (Ga.) Gas L ight e
—Receivers’ Certificates,—
Receiver T. D. Tinsley ia reported to h iv ? pat Li i i?I th s C rare
for ftermisaion to issue $125,0)1 recsivars cafsiti sataa for ex ­
tensive improvements.

358

THE CHRONICLE.

Mexicin National KR.—Penalty Imposed..—The Reorgan­
ization Coranitiee announces that a peaalcy of $5 for each
“A” bi"<l hereafter deposit-d will ba imnased and $3 50 for
each “B” bond. No time limit has been fixed.—V. 63, p. 116.
National Cordage—United States Cordage.—Suit Against
Old Officers.—Edward F. C. Young, as receiver of the National

Cordage Co., the predecessor of the United States Cordage
Co., lias begun suit in the United S:ate.s Circuit Court against
James M Waterbary, Caleb P. Marsh, Chauncey Marshall,
Frank T. Wall, Elisha M. Fulton and Willard P. Wnitlosk,
alleging breach of trust an d misconduct upon the part of the
defendants as officers and directors of the company and ask­
ing that they be made to account for their management of its
affairs.—V. 57, p. 1083; Y. 63, p. 989.
New York Pennsylvania A Ohio RR.—Erie RR.—Reorgani­
zation Notice.—Notice is given to the holders of second
and third mortgage bonds and preferred and common s'oek
of the N. Y. Pa. & Ohio, upon which the first instalment of
13 per share has been paid, that tbe Reorganization Trustees
are now prepared to receive such bonds and stocks, with the
|9 per share balance of the assessment payable, for exchange
into shares of Erie common stock. All deposits must be ac­
companied by a remittance of £1 16s. 9d. for eac i $500 sec­
ond mortgage' bonds, $1,000 third mortgage bonds, $5,000 pre­
ferred stock and $10,000 common stock.—V. 63, p. 339.
Northern Pacific RR. and Ry.—New Officers.—The new
company will assume charge Sept. 1, with the following
officers: President, Edwin W. Winter; Secretary, Charles
S. Cooney, New York; Assistant Secretary, George H.
Earl, St. Paul; Treasurer, Albert E. Little, New York;
Chief Engineer," E. H. McHenry; General Manager, J. W.
Kendrick, St. Paul; General Counsel, Francis L. Stetson,
New York, and Charles W. Bunn, St. Paul; Land Commis­
sioner, William H. Pnipps, St. Paul. No Vice-President has
been appointed. The main offices will be located at St. Paul.
St. Paul Terminals.—On Sept. 1 the company will give up
the Minneapolis Union Station for the St. Paul station and
will also use its own tracks between St. Paul and Minneapolis
in place of those of the Great Northern.
Stock Forfeited if All Assessments are Not Paid Before
Sept. 15 —Notice is given in another column to depositing

stockholders that all unpaid instalments due on account of
the assessment on the common and preferred stock must be
paid before Sept. 15, together with 6 per cent interest thereon
from the date when each instalment was due and payable, and
also a further sum equal to % Per cent upon the par value of
the stock deposited. Stockholders who fail to make these
payments will, upon Sept. 15, without further notice or ac­
tion, cease to have any rights or to be entitled to any benefits
under the plan and agreement. In every such case the stock
deposited and the cash heretofore paid in respect thereof,
will vest in the reorganization managers, and may by them
be used for any of the requirements of the plan. No
certificate holder then in default will be entitled to the re­
demption of such certificate, or to the return of any stock
thereby represented, or to have any further interest or rights
in respect thereof.—V. 63, p. 311.
Northeastern RR.—New Enterprise.—This company has
been incorporated at Columbus, Ohio, for the purpose of build­
ing and operating a railroad from a point on or near the north
line of Euclid township, Cuyahoga County, thence through
Lake County and northeast. The incorporators are Frank S.
Lyon, Charles N, Sheldon, Wm. D. Bennett, Gustave Runge
and Lafayette Kimball. The headquarters of the new com­
pany will be at Cleveland.
Northwestern Elevated RR., Chicago.—Condition o f Con
struction Co.—D. H. Louderback has made a statement show­
ing the condition of the Columbia Construction Company,
which is building the Northwestern Elevated Railroad/ The
Chicago Tribune says:
T h is s ta te m e n t sh o w s th e re h a s b een e x p e n d e d to J u ly 1 $ 5 ,4 4 4 ,4 2 8 ,
w h ile th e e s tim a te of th e a m o u n t n e o e s s a ry to c o m p le te a n d e q u ip th e
e n tir e lin e is $ 2 , l 0 0 .ooo. T be a m o u n t re c e iv e d fro m th e s a le o f C ol­
u m b ia C o n stru c tio n sto c k is $ 4 ,2 0 4 ,8 0 0 , w h ile th e r e a re u n p a id s u b ­
s c rip tio n s a m o u n tin g to $ 3 6 1 ,4 0 0 , a n d th e re is $ 4 3 3 ,8 0 i o f s to c k y e t
re m a in in g u n so ld A lo a n o f $ 1 ,3 5 0 ,0 0 0 h a s b e en m a d e o n th e b o n d s
o f th e N o rth w e ste rn E le v a te d , w h ic h i t is th e in te n tio n e v e n tu a lly to
r e tir e , le a v in g th e c o m p a n y w ith o u t b o n d e d in d e b te d n e s s . T h e re a l
e s ta te w h ic h h a s b een b o u g h t b y th e c o m p a n y a u d w h ich w ill n o t b e
n e e d e d fo r th e u se o f t h e c o m p a n y , i t Is e s tim a te d , w ill be w o rth $ i 0 0 ,0 0 0 to $ 6 0 '/'OO T h e re is d u e th e C o lu m b ia C o n stru c tio n C o m p any
$300,< 0 0 a m o u n t a d v a n c e d to p a y c o u p o n s o n th e old b o n d s o f th e
L a k e S tr e e t E le v a te d R a ilro a d .—V. 6 2 , p. 231.

Ogdeftsbnnr tk Luke (liaraplaln R R —Central Vermont
RR.—New Reorganization Committee—Mo represent the Qrdenebure: & Lake Champlain first c msols, a new tnidli lldars’
committee has been formed consisting of Cnarles Pirs^n*
(Chairman), 15 Broad Street; W.lliam Lurnmis and Thom is
Denny, Jr., of New York; Charles R Bitt and Pnilip V. R.
Ely, of Boston. Holders are requested to deposit their bonds
with the Central Trust Co. of New York or the Old Colony
Trust Co. of Boston. See notice in another column.
Committee's Circular.—Regarding the position of the road
and its leased lines, the committee, in a circular, says :
T h e O jr'lenflburjr <fe L n k ° C h a m p la in R R . Co. lia s w h a rv e s a t O ffJoashurK a t th e foot o f th e sh ip n a v ig a tio n o f th e G ro a t L ik e s , a n d i t s
lin e s e x te n d fro m th* r e to a c o n n e c tio n w ith th e O n t r a l V e rm n it a n d
D e la w a re & H u d so n ra ilro a d s a t R o u se’s P o in t. T h e L a M oille V alley
E x to n -in n KR. (12 inilc^ long) w as o rig in a lly ’e a s e d to th i O & L. C.
a n d e x te n d s fro m R o u se’s P o in t to a c o n n e c tio n w ith th e B osto n «fe
M ain e R R . a t 8 w a n to u J u n c tio n . 8 .ib se q u e n tly th e L i M oille V a lle y

Vol . LX1H,

E x te n s io n R R . b o n d s w e re e x c h a n g e d f o r b o n d s g iv e n d ire c tly b y th e
0 . <fe L. C. fo r th e s a m e a m o u n t, p a y a b le $ 8 ,0 0 0 p e r a n n u m a f r e r J a n .
1 , 1893. T h e G eneral V e rm o n t g u a r a n te e s th e s e b o n d s , a n d th e L a
M oille V a lle y b o n d s w e re a s s ig n e d to i t a s s e c u r ity fo r its e n d o rs e ­
m e n t. T h e O. & L C. o p e r a te s th e S a ra to g a & S t. L a w re n c e R R . (
m ile s long) w h ic h ru n s from M oria, N. Y., to B o m b a y N Y . I t is
b e lie v e d t h a t th is ro a d d o e s n o t m o re t h m p a y o p e ra tin g e x p e n s e s ,n
a n d t h a t th e r e n ta l p a id fo r i t is e x c e s siv e . T h e O <fe L O. a ls
g u a r a n te e s in te r e s t on $ 6 5 0 ,0 0 0 O g d e n sb u rg T r a n s it Co. b o n d s
As th e m a jo rity of th e s to c k o f th e O. & L . C. is o w n e d b y th e C on­
s o lid a te d R R o f V e rm o n t, th e p r e s e n t le a se to t h a t c o m p a n y w as
p ra c tic a lly a u th o riz e d b y th e d ire c to rs o f th e C o n s o lid a te d R R . of
V e rm o n t. T h e le a s e w a s a n u n w is e o n e fo r th e O. <fe L. C. b o n d ­
h o ld e rs , in a s m u c h a s i t d o e s n o t c o v e n a n t to p a y th e i n t e r e s t o n th e
fir s t c o n so ls , a n d b e c a u s e i t a u th o riz e s th e u s e of n e t e a r n in g s b e fo re
p a y in g in te r e s t fo r th e p u r c h a s e o f p ro p e r ty f o r a n y p u rp o s e c o n ­
n e c te d w ith th e ro a d . S in c e th e le a se w a s m a d e , n in e y e a r s a g o , five
h u n d re d O. & L. C. fr e ig h t c a rs h a v e b e e n d is p o se d o f th r o u g h th e
s c r a p h e a p o r o th e rw is e in s te a d o f b e in g m a in ta in e d b y r e n e w a ls a n d
re p a irs . A s a r e s u lt th e b d a n c e to th e d e b it of c a r m ile a g e a g a i n s t
th e O.& L. U. R R ., fro m O ct. 1, 18 9 5 , to A p ril. 1 89 s, w a s o v e r $ 2 0 ,0 0 1 .
T nis su m co m es o u t o f n e t e a r n in g s , w h e re a s if a n e q u ita b le le a s e h a d
b e e n m a d e to m a in ta in th e e q u ip m e n t th e r e s h o u ld n a v * b e e n a la r g e
c r e d it f o r o a r m ile a g e T h e c r e d it b a la n c e f o r o a r m ile a g e fo r y e a r
e n d in g S e p t i 0 , 1887, w a s $ 3 1 ,9 2 8 .
I t is p ro p o s e d to fo re c lo s e th e fir s t c o n s o lid a te d m o rtg a g e of th e
O g d e n sb u rg & L a k e C h a m p la in a n d fo r m a n e w c o m p a n y , w h ic h n e w
c o m p a n y m a y in c lu d e t h e L a M oille V a lle y E x te n s io n R R . T h e im ­
p o r ta n c e o f th e c o n n e c tio n a ffo rd ed b y th is l a t t e r ro a d a t S w a n to n
J u n c tio n n e e d s n o d e m o n s tra tio n , f o r w h e n th e L a M oille V a lle y E x ­
te n s io n R R . (now p a r tia lly a b a n d o n e d ) is i a c o n d itio n to r u n tr a in s ,
th e O. & L. C. fo rm s a lin k fro m P o r tla n d & B o sto n to t h j W e st v ia th e
B o s to n & M aine.
I t is a lso im p o r ta n t t h a t a r r a n g e m e n ts b e m a d e w ith th e C e n tra l
V e rm o n t S y ste m (if t h a t s y s te m is n o t b ro k e n u p b y b e in g o b lig e d to
g iv e u p th e N e w L o n d o n N o rth e rn r o a d to a r iv a l c o rp o ra tio n ) fo r a
c o n tin u a n c e o f th e th r o u g h lin e fr o m N ew Y o rk to th e W e st o n a f a ir
b a s is , a n d th e p la n o f r e o rg a n iz a tio n p ro v id e s fo r m a k in g a n a m e n d e d
le a s e to th e C o n so lid a te d R R . Co. o f V e rm o n t. I t a lso p r o v id e s f o r a
s a le o f ih e to n d s to a s y n d ic a te o r o th e r r a ilr o a d s .

Plan o f Reorganization.—Under date of Aug. 2 ) the com­
mittee presents a plan of procedure which is to be binding
when signed by holders of a majority of the O. & L. C. first
consols. Ic authorizes the committee to pursue one of three
courses,
1. Foreclosure —The property shall be sold in foreclosure
and turned over to a n e v company, which shall issue:
C om m on s to c k n o t to e x c e e d ................. . . . . . ________ . . . . . . . . $ 4 , 4 5 0 , 0 0 6
O f w h ic h o n a c c o u n t o f p rin c ip a l o f o ld fir s t c o n so ls, b e in g
8 0 p e r c e n t t h e r e o f ...........................................................................
2,800,000
N ew f ir s t c o n s o lid a te d m o rtg a g e 5 p a r o e n t 3 0 -y e a r g o ld
b o n d s , in te r e s t b e g in n in g O ot. 1 , 1 8 8 6 (or l a t e r if n e c e s ­
s a ry ), p a y a b le A p ril 1 a n d O ot. 1, s a id b o n d s to h a v e tb e
s a m e v o tin g r ig h t s a s o ld fir s t c o n so ls. T o ta l is s u e n o t to
e x c e e d ........ .. . . . — ____ _— ___ _____ ____ ____ ___ ____ 4 ,4 0 5,000
O f w h ic h o n a c c o u n t of p rin c ip a l o f o ld f ir s t o o n so ls,
b e in g 110 p e r c e n t t h e r e o f .........................................................
3 ,830,000
T h e b a la n c e of tb e a u th o riz e d is s u e o f s to c k a n d b o n d s to b e u s e d
fo r r e o rg a n iz a tio n p u rp o s e s to p a y o o u p in s o f A p ril a n d O c to b e r,
1896, to p u rc h a s e , if d e e m e d a d v is a b le , tb e $ 3 1 8 ,0 0 0 g u a r a n te e d 4
p e r c e n t b o n d s o f 1338 (in w h ic h c i s e th e n e w firs t o o n s ils s h a ll b e
m a d e a d ire o t fir s t m o rtg a g e o n L a M oille V a lle y E x te n s io n R R .), fo r
e q u ip m e n t, b r a n c h e s , te rm in a ls , e tc .

Exchange o f Securities. —The old first consols would then
receive for each $1,000 of principal $1,100 in n». v bonds and
$800 in new stock, and for the April and October, 1896, coupons
additional securities amounts not stated.3. Amended Lease.—Or the Committee may, in its discre­
tion, effect such au amended lease of the ro id to the Central
Vermont as will secure to the bondholders by earnest money
or securities the payment in the fu'.u'e of the full interest on
all the first consols and the bonds of the leased roads of the
O. & L. C., and immediate payment of all back interest, and
keep the equipment and all other property of the road, by
renewals and repairs, in as good condition as they are now,
3. Sale o f Deposited Bonds at 105.—Further, io shall be
within the discretion of the Com nittee to arrange with any
railroad company, or a syndicate, for a sale of ttie binds deposted under this agreement at a price that will net the hold­
ers 105 and all past-due interest.—V. 63, p. 76, 336.

Old Colony RR.—New York New H iven & Hartford RR.—

Sale o f Stock.—A block of 1,000 shares of Old Colony RR.

stock was sold at auction this week at 170 to Vice-President
Hall of the New Haven road, who, it is supposed, bid it in to
protect it. Mr. Hall is reported as saying that the New
Haven management is planning heavy retrenchments in
expenses, but that the business of the road has not fallen off
much of late. —V. 63, p. 154.
Omaha Water Co.—Injunction Denied —In the hearing be­
fore Justice Smyth in this city the motion of the U. S. Water
Works Co. and others to enjoin tha Omaha Water Co. from
carrying out the plan of reorganization was dmied, and the
temporary inj motion was vacated,—V. 63, p.363.
Oregon RR. & Navigation C o —Officers.-Tne executive
officers of the uew company are; President, E. MiNeil; S scretary and General Attorney, W. W Cotton; General Auditor,
E S. Benson, and Treasurer, G. E Withington. The property
was taken over August 17.—V. 68, p. 311.
Oregon Short Line & Utah Northern RR.—Reorganiza­
tion Plan Effective.—The Reorganiz ition Gunmittee, Samuel
Carr, Chairman, makes the f iliowing announcement: “Tnere
having been deposited under the plan of reorganization, dated;
February 30, 1898, nearly 99 par oent of all the bonds and
stock f >r the deposit of which provision was made in that
plan, the Rmrganiz itian Committee has vatei to declare said
plan operative,”—V. 63, p. 116.
Peoria Decatur & Evansville Ry.—Coupon Payment.—
The coupon due March 1 on the Evansville Division bondswill be ptid Aug. 31 at the Central Trust Co.—V. 63, p. 1149.

THE CHRONICLE.

ACG0ST 29 1896, J

P h ilad e lp h ia & R e id in g R B .—Earnings .—The results of
operations of the R til road and of the Goal & Iron Company
for Ju ly and the first eight m onths of the fiscal year have
been as follows :
-------------- A lly . ---------------.
1896.
1893.

R tn.R O .tD C o a e s s r —

8

G r a s * r e c e ip t * ........................ 1 ,7 2 0 ,6 0 3
O p e ra tin g e x p e n s e * ........... 1 ,0 0 7 .7 2 1
O p e r a t in g p r o f i t .............
N e t fro m o th e r sou rce* . . .

7 1 2 ,3 8 2
9 1 ,3 9 9

T o u t !......................................

3 0 4 .4 8 1

$

T o t a l .......................................
B a ia n e e .........................
C o a t AND I k o n C o . —

S OU T HE R N
SECOND

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

RAILWAY C O M P A N Y .

*

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

ANNUAL REPORT FOR THE
ENDED JU N E 30, 1896.
N ew

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

D e d u c t—
E q u ip m e n t p a y m e n t s .........
T e r m in a l t r a c k a g e ..............
I m p r o v e m e n t !!. A c . ______
P rop ort’ o year’ s ch arges .

g le p o r ts a n ti B o c u w c u t s .

,— Dee. 1 to. J u l y 31 . —
1 8 9 5 -9 8 .
1 8 9 4 -9 5 .

$

359

4 4 ,8 7 0
1 0 .0 0 0
1 5 ,0 5 7
0 9 5 .0 0 0

7 7 ,3 6 9 * 1 ,1 5 9 ,5 9 1
6 2 5 ,9 1 3
3 7 ,3 3 2
3 2 0 ,0 0 0
3 0 2 .6 5 8
761
3 8 ,9 3 8
7 0 ,4 4 7
6 9 4 ,2 7 4 5 ,5 6 0 , 0 0 0 5 ,5 5 4 ,1 9 5

7 9 4 ,9 2 7

8 1 0 ,2 3 0

YEAR

Y ork , A ugust 24, 1896.

To the Stockholders o f the Southern Railway Company :
The P resid en t am i Board of D irectors subm it th e follow­
ing report of the operations of th e Com pany for th e year
ended Ju n e 30, 1896 :

7 ,1 2 6 ,5 2 9 6 .5 5 9 ,2 1 1

SENEGAL INCOME ACCOUNT.

s u r .9 ,5 5 4 s a r .8 8 ,1 7 1 d . 1 ,1 3 1 ,5 8 7 4 ,5 5 4 ,1 3 3

1305.

0 ro« receipt,....................2,023,205 1,905,805 l 4,020,557 13,930,139

O p e r a t in g E x p e n s e s a n d T a x e s .............

1 2 .0 6 2 ,8 5 4 2 6

1896.
$ 1 9 ,0 8 2 ,2 4 7 0 4
1 3 ,4 5 1 ,4 4 7 5 5

O p e r a t in g e x p e n s e s .............. 1 ,8 8 9 ,1 0 9
C o l l ie r y i m p r o v e m e n t s
8 0 ,9 8 5
P e rm a n e n t Im p ro v e m e n ts
1 1 ,3 3 5

N e t E a r n in g s f r o m O p e r a t i o n , ................. $ 5 , 0 5 1 , 9 3 7 4 3
I n c o m e fr o m O t h e r S o u r c e s .......................
8 9 ,6 7 7 6 2

$ 5 ,0 3 0 ,7 0 9 49
1 8 3 .5 0 7 5 1

Gross Income............................. $3,441,615 05

$ 5 ,8 1 9 , 3 0 7 0 0

Gross E a r n in g s from O p e r a tio n ...........817,114,791 69
1 ,9 0 9 ,1 8 9 1 4 ,5 0 1 ,1 3 4 1 3 ,9 8 4 ,2 1 8
4 5 ,7 2 0
5 2 5 ,4 1 0
3 1 0 .9 * 9
3 .3 7 1
3 2 ,3 0 0
2 6 .2 0 9

G r o s s e x p e n s e s .......................1 ,9 8 1 ,4 2 9 t .9 5 7 .2 8 3 1 5 . 0 5 9 .8 4 4 14,3*21,386
B a la n c e f r o m m i n i n g . . . p ia « 6 8 .7 7 6 l o » x l 1 , 6 7 8 to a M 8 9 , 2 8 7 lo s * 3 9 U .s & 7
P r o p o r i 'o y . a r s c h a r g e s . .
9 5 ,0 0 0
9 5 .0 0 0
7 6 0 .0 0 0
3 1 5 ,0 0
B a la n c e , l o s s . . . . . . .................

P,

23,2*21

1 4 0 ,0 7 8

1.196,*237

1 , 2 0 5 ,3 9 7

* K .R. ,ND C. & L 0 0 .—

B a la n c e o f r a ilr o a d C o ........ su r. 9 ,5 5 4 9 n r . 8 8 . l 7 4 . l f l . 1 5 1 ,5 8 7 .1 * 1 .5 5 4 ,1 3 3
L o u o f 0 4 I. 0 0 . . . . ............
2 8 ,2 2 4
1 4 8 ,6 7 8 I .1 9 9 .2 S 7
L,2 0 5 ,9 9 7
D e lic t i b o t h corn p a n ic s

1 9 .6 7 0

5 8 ,5 0 1

2 . 3 4 9 ,8 7 4

1 ,7 6 0 ,0 3 0

■ I n c lu d e * $ 5 2 0 ,0 0 0 c a r trn u t eortlfloiite* nutated In 1 8 9 4 a n d 1 8 9 5 ,
n o t p r o p e r l y c h a r g e a b l e t o 1 8 9 6 . V . 6 3 , p. 2 6 9 .

Richmond & West P o in t T erm in a l—E ast Tennessee V ir­
g in ia * G eorgia By,—Stock Assessment - Final Notice.—
Holders of certificates of deposit of stock of either company
who have failed to pay any assessment heretofore called, and
who shall not make paym ent before Sept. 15, together with a
penalty equal to 20 per cent of every such assessment, are in ­
formed that after said day they will cease to have any rights
or to be entitled to any benefits under the plan of roorg&niza
tion. See further particulars in our advertising columns.—
V. 59, p. 70, 541.
St. C atherine’s * N iagara C a a tra !—Toronto H am ilton &
Buffalo R R ,—New Bonds—Lease.—'The St. Catherine’s Ss
Niagara Central will apply a t th» next session of the Domin­
ion Parliam ent for an act authorizing a new issue of bonds
and also an extension of its lines to connect with the Toronto
Hamilton & Buffalo a t a point east of Smith rtlle. O at. The
company also asks authority to lease its line to that company.
Of the new issue of bonds, $36,000 is to be delivered to the
city of St. Catherine’s, which has aided in the construction
of the road. The capital stock is also to be increased to
*1,600,000.—R ailroad G azette,-V . 03, p. 871.
San Francisco A San Joaq u in V alley Ky.—Construction.
—According to the San Francisco papers the directors have
decided to postpone fu rther construction until tim es are
more propitious for the placing of bonds. The road was
completed from Stockton to firesno, Gal., a distance of 125
mdee, August 15. The estimate i distance from Ssn F ran­
cisco to Bakersfield is between 335 and 850 miles.—V, 63,
p. 1170.
S outhern l.and k Im p ro v em en t—N ational Coal k Iro n ,—
Sold in Foreclosure—Reorganized.—This property, consisting
of the West Virginia Ptoeville & Tenues* » RR , 2 miles in
length, txtenaive mineral and tim ber lands, coal mines, etc.,
bonded to the am ount of $260,000. was bought in at fore­
closure sale Aug. 11, by the b rod holder*, for $100,000, the
minimum bid set by the Court, Toe Nati nal Coal & Iron Co,
has been organized with $181,000 capital stock to take over
the property.
in in It Branch RK,—Foreclosure Suit. —William J.
Howard, tru-ttee of the mortgage of 1371, filed a bill in equity
in the Common Plea* Court a t Philadelphia on Aug. 21, pray­
ing for a decree of foreclosure. The bill say* interest on tlie
mortgage ban been in default for over six month*, and that
holders of over one-fourth the outstanding bond* have mada
the ncceaeary written demand requiring the trustee to sell the
property. It further state* that of the 31,075.000 bonds now
outstanding, the Pennsylvania RR. Co. owns $483,000, while
various individuals named own an additional am ount of
$208,000, The trustee request* the Court to exclude from the
force! sure sale the leasehold estate in the L ikens Valley RR.
on the ground that subsequently to the execution of the
mortgage the lessor of said leasehold estate for condition*
broken re-entered into possession of tbs demised premises and
term inated the lea«e.
Stockholders’ Suit .—At I larrlsbtlrg, Aug, 25, A rth u r B
Jones, of Boston, owner of 500 share* of the com pany’s stock,
filed a suit in *quity against the company, its officers and the
Peniwylvanit RR. (which owns 13,804 shares of Sum m it
Branch stock, out of a total of 80,200 share*) asking that a re­
ceiver be appointed until an election Of officers cat b i jiel I.
and that the Pennsylvania RR, Co. be enjoined from irw icipating in the election and from requiring the trainees to fore­
close, the mortgage, He also asks for an acooun'ing, a l l e g i n g
th at the Pennsylvania RR, has been profiting unduly from
the shipment and sale of Sum m it Branch coal.—V 62, p. 1140.
M > « f ' i l T M t a M t ItM B e~» * • p n c « 3 6 3 .

I n t e r e s t a n d r e n t a l s .......................................
O t h e r I k n !a c t i o n s fro m I n c o m e . . . . ___

$ 4 ,1 9 5 ,9 2 5 4 0
4 9 ,9 4 4 84

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

Total D e d u c t io n s ......................... .. $1,245,870 24

$ 5 ,2 6 2 ,8 2 8 81

B a la n c e C a r r ie d t o C r e d i t o f

P r o f it

a n d L o s s .......................................................

$ 8 9 5 ,7 4 4 81

$ 5 5 0 ,4 7 8 19

Jane 30,1896------------- , ...................................

$ 1 ,4 5 2 ,2 2 3 0 0

Balance at Credit of ProiH and Lose

The Income A ccount as shown for th e tw o years em braces
the results for th e several lines for th e periods during w hich
th ey were respectively operated by th e Company. For de­
tails of th is acco u n t see Table 2, page 382.
The ex ten t of th e lines operated d u rin g th e year ended
Ju n e 30, 17195, was shown in the annual report for th a t year.
A t th e close of th a t y ear th e Com pany operated 4,391*04
miles. At the close of th e fiscal year ju st ended it operated
4,654*33 miles.
On Ja n u ary 1, 1896. it began th e operation of th e line
from Selma N. C,, to Norfolk, Va. (153*88 miles), under
trackage co n tracts w ith th e W ilm ington & W eldon and
Norfolk & Carolina railroad companies, covering th e line
betw een Selma aud P inner's Point, Va., and w ith its own
harbor tran sfer betw een P in n er's Point an d Norfolk, Va.
On Ju n e 22, 1805, it acquired by purchase and began the
operation of th e line betw een A tlanta, G a„ and F ort Valley,
d a. (100*80 miles).
During the* past year it also acquired track ag e rig h ts over
the line of the A labam a G reat Southern Railroad Company,
betw een York, Ala., an d M eridian, Miss. (27*03 miles), an d
discontinued tb - operation of the line between Lauderdale,
Mias., and Meridian, Mias. (18*50 miles), operated d u rin g th e
pre vious w a r u n d er a trackage agreem ent w ith th e Mobile &
Ohio Railroad Company.
As stated in th e last an n u a l report, the Southern R ailw ay
Company, during Ju ly and A ugust, 1894, did not operate th e
whole of its s y s t e m as finally organized. For th a t reason,
and also by reason of the additions during th e past year, the
average road m ileage operated in 1804-3 was only 4,130*44
miles, as com pared with 4,573*80 miles in th e y ear ju st ended.
All of the com parative tables in th is report [pages 14 to 84
of pam phlet] are based upon th e operations of the several
properties in each year only for the periods d u rin g w hich
they were operated tn the Southern Railway System .
However, for th e purpose of com paring th e results from
operation for th e year ended Ju n e 80, 1896, w ith those of
substantially the same properties for the same length of
tim e in th e previous year, the following sta te m en t is g iv e n :
E A R N I S O S A N D E X P E N S E S ),

S a m in g t—
F rom

F r e ig h t

18 9 5 .
................................. $ 4 1 ,4 4 8 ,6 2 8

P a s s e n g e r * ...........................
. 't i l l ..................................................

1,180.208
9 4 4 ,2 2 6

E x p r e s s ....................................
M i s c e l l a n e o u s ...............................

3 4 7 ,1 9 3
8 2 0 ,7 9 3

1896.
$ 1 2 ,0 5 5 ,2 4 0
5 , 2 8 7 ,9 1 4
9 3 4 ,0 8 2
3 7 7 ,3 3 4
4 2 7 .7 0 7

I n r . o r D ec.
I . $ 6 0 6 ,6 1 7
1 .8 0 7 ,7 0 6
D .1 0 ,1 7 4
1 .3 0 .1 8 1
D .3 9 3 ,0 5 0

$ 1 8 ,0 1 0 ,9 7 3

$ 1 9 ,0 8 2 ,0 4 7

I .$ 1 ,0 4 1 ,2 7 4

180 \
f 6 . i ’, 0 7 ,5 2 1
3 ,2 4 0 ,6 1 2
1 ,9 .1 8 ,6 8 7
1. H I , 7 7 4

1*96.
$ 6 ,7 9 6 ,0 8 2
3 ,3 8 8 ,6 0 9
2 ,0 9 3 .9 8 5
L oosest

f n e . o r D ec.
I .$ 1 8 0 ,5 6 1
1 .1 4 8 ,0 8 7
1 ,1 7 5 ,2 9 8
1 ,2 5 ,9 0 7

.$ 1 2 ,9 1 1 ,5 9 4

$ 1 3 ,4 5 1 ,4 4 7

1 .$ 5 3 9 ,8 5 3

8 5 .1 2 9 .3 7 9
71*57

$.*>,«30,S0O

£ . * 6 0 1 ,4 2 1
D .0 ’ 9 2

Expense*—
,
h

M a i n t e n a n c e o f E q w ip m im t .
G e n 'l E x p s . t l n c l u d 'g T a xe*> .

R a tio o f E x p e n s e * to E a rn in g s-

7 0*4 9

Financia l Co nd%I ion:
The Company has no floating debt and has had none since
its organization.
The liabilities of every ch a racter of all subordinate com­
panies, operated as a p a rt of the System , w hether leased or
owned, are shown in the balance sheet, and are treated , so
far as i n c o m e account is concerned, ns liabilities of this
Company.
The financial condition of the Company a t th e close of the
year is shown in the com parative balance sheet (Table 1,
page 361), '

3B0

THE CHRONICLE.

[Y ol .

l x iii.

The additional issue of $4,300,000 preferred stock was used Construction and Improvements:
in the purchase of a controlling interest in the capital stock
Expenditures for Construction and Improvements charged
of the Alabama Great Southern Railway Company, Limited, to capital account during the year have been (see Balance
Sheet. Table 1, page 362):
as explained in the last annual report.
.
The increase of $4,993,500 in the funded debt is the result R e a l E s ta te a t N o rfo lk a n d P in n e r ’s P o i n t .................................$ 1 2 0 ,0 4 0 74
2 2 , L45 39
“
“
a t A le x a n d r ia , V a .........................................................
of the issue of
“
“
a t C h a tta n o o g a , T e n n .................................................
2 2 ,5 0 0 0 0
S o n tlie ru R a ilw a y C o m p a n y C o n s o lid a te d 5 p e r
c e n t b o n d s ........................................................................ $ 4 ,1 5 9 ,0 0 0
S p a r ta n b u r g U n io n & C o lu m b ia F ir s t M o rtg a g e
4 p e r c e n t b o n d s ............................................................ 1 ,0 0 0 ,0 0 0

$ 5 ,1 5 9 ,0 0 0

And the redemption of
R ic h m o n d A D a n v ille E q u ip m e n t S in k in g F u n d
boII'Is ................
G e o rg ia P acific E q u ip m e n t S in k in g F u n d b o n d s
C h a r lo tte C o lu m b ia & A u g u s ta F i r s t M o rtg a g e
E x te n d e d b o n d s .............................................................

q>o5,OUU
7 8 ,0 0 0
2,o 0 0

1 6 5 ,5 0 0

“
“
a n d C o m p re ss P r o p e r ty a t A tla n ta , G a ............... 1 2 9 ,4 1 7 8 6
“
“
a t C h a r lo tte , N . C . ..........................................................
2 0 ,2 3 2 7 5
“
“
s u n d r y sm a ll p u r c h a s e s ...............................................
1 2 ,1 2 4 61
T e rm in a l I m p r o v e m e n ts a t N o rfo lk a n d P in n e r ’s P o i n t ___ 1 2 1 ,0 0 8 4 0
A d d itio n a l w a t e r s ta t io n s a n d p a s s in g tr a c k s b e tw e e n
G re e n sb o ro a n d P in n e r ’s P o i n t ...................................................... 2 1 ,3 8 5 9 2
I m p r o v e m e n ts a t L y n c h b u rg , V a., s ta t io n a n d y a r d ............ 2 7 ,4 4 4 8 5
A d d itio n a l s id e tr a c k s o n Va. M id la n d & A tla n ta & C h a r­
lo tte A ir L i n e ........................................................................................
4 ,2 7 3 0 7
S h o p s—K n o x v ille , T e n n ....................................................................... 4 9 ,3 2 3 6 2
“
A tla n ta , G a ..................................................................................
6 6 ,1 2 8 7 4
“
A le x a n d r ia , V a ..........................................................................
1 7 ,0 0 3 2 9
“
S a lis b u ry , N . C ........................................................................... 1 2 5 ,8 1 2 8 2

$ 1 ,9 9 3 ,5 0 0
T o ta l....................................................................................................... $ 7 5 8 ,8 4 2 0 6
The additional $4,159,000 Southern Railway Company
The outlaws above enumerated are all for the acquisition
Consolidated bonds were issued:
or construction of distinctly new property. The cost of all
F o r p u rc h a s e o f A la b a m a G r e a t S o u th e rn S e c u ritie s , a s
e x p la in e d in t h e la s t a n n u a l r e p o r t ............................................ $ 2 , 1 0 0 ,0 0 0 improvements and betterments to the roadway and struc­
F o r th e re d e m p tio n o f a n e q u a l a m o u n t o f e q u ip m e n t
tures, as received by the company when the various proper­
t r u s t o b lig a tio n s o f th e o ld c o m p a n ie s a n d o f t h e ir re ___ ____ ties were acquired, has been included in operating expenses.
c e iv e r s ...................................................................................................... I,0 o 9 ,0 0 0
The expenditures for real estate and terminals at Norfolk
F o r n e w c o n s tr u c tio n a n d n e w o q u ip m e u t e x p e n d itu r e s
in th e c a le n d e r y e a r 1 8 9 6 ............................................................... 1 ,0 0 0 ,0 0 0 and Pinner’s Point, Va., were for the establishment of a
tidewater terminus in the Elizabeth River, as fully explained
$ 4 ,1 5 9 ,0 0 0
in the last annual report. The expenditures for additional
As will be seen from the income account (Table 2) $14,- water stations and passing tracks on the line between Pin­
951,000 of the Consolidated bonds bore interest for the full ner’s Point and Greensboro were required for the safe and
year, $8,860,000 for six months, and $1,828,000 from March 11, economical handling of the heavier traffic over that line.
1896. $431,000 were owned by the company at the close of
The terminals at Atlanta, Ga., have been strengthened
the year.
...
materially by the purchase of the property of the Atlanta
Tlie $1,000,000 Spartanburg Union & Columbia First Compress & Warehousing Company. This property is con­
Mortgage Four per cent bonds were issued under the reor­ veniently located for future development by the company
ganization of the Asheville & Spartanburg and Spartan­ and includes the two compress buildings known as the
burg Union & Columbia properties and upon the retire­ “ Bell Street Compress ” and “ Peters Street Compress.”
ment of
The expenditures for real estate at Chattanooga, Tenn.,
$1,000,000 Spartanburg Union & Columbia First Mort­ and Charlotte, N. C., were mainly for the acquisition of
gage 5 per cent Bonds and $500,000 Asheville & Spartanburg valuable station grounds. The Chattanooga property thus
First Mortgage 6 per cent Bonds,
purchased was formerly leased by the Company.
The mortgage securing the new four per cent bonds
The real estate purchased at Alexandria, Va., costing
($1,000,000) is the only lien upon the properties named.
$22,145 39, was for the purpose of new shops in future when
The large increase in material on hand (see Table 6, page needed. The expenditure of $17,003 29 for shops at that
20 of pamphlet) consists chiefly of:
point represents the cost of a new car-repair slied and of
In o re a a e in r a ils
.....................................................................a b o u t $ 3 1 5 ,0 0 0 additional modern machinery for the old shops, which, with
“
“ c ro s s -tie s ..............................................................
“ 2 2 3 ,0 0 0
“
“ b rid g e a n d r o a d w a y m a t e r i a l ........ ................
“ 1 4 7 ,0 0 0 these improvements, can be made to answer the Company’s
“
“ a ir-b r a k e a n d a u to m a tio c o u p le r m a t e r i a l .
“
5 5 ,000 purposes for some time to come.
“
“ g e n e r a l s h o p m a te r ia l........................................ “
100 ,00 0
The expenditures during the year for shops at Knoxville
The increase in rails, cross-ties and bridge material does and Atlanta have substantially completed the work at those
not indicate a permanent carrying of such unusual amounts points as outlined in the last annual report.
The new shops near Salisbury, N. C., will furnish longof material.
The policy had been determined upon, for purposes of needed and adequate facilities for maintaining the rolling
economy, of concentrating in the spring and summer stock used on the main lines and branches between Wash­
months the laying of rails and the replacement of cross­ ington, Richmond, Pinner’s Point and Atlanta. The total
ties, and this required a larger amount of material on hand cost of these shops will be about $250,000, of which about
as of June 30th than in the previous year, when a some­ one-half had been expended prior to June 30, 1896. The
what different method prevailed. An unusual amount of land, 168 acres, was purchased in March, 1896, and the work
bridge work has been in progress during the past spring and of construction was begun immediately thereafter. The
early summer.
plant will be in operation by September 15th.
The amounts of material on hand in these items will be
With the exception of expenditures for the completion of
very largely reduced before October.
these shops, no new construction of importance is in progThe increase in air-brake and automatic coupler material gress or will be undertaken during the existing conditions
is accounted for by the rapidity with which these improve­ of trade.
ments are being added to the freight equipment of the Com­ New Equipment:
pany in order to comply with the United States law with
Expenditures for new equipment during the year have
regard to such equipment.
The increase in general shop material was necessary tem­ been $1,059,894 78, of which $946,137 78 has been charged to
porarily on account of the larger amount of shop work then Capital Account of the Southern Railway Company and
out of “Reserve Fund for Re­
m progress foi the purpose of bringing the equipment up to $113;757 00 has been paid for
This reserve fund represented
a higher standard, as evidenced by the increase in expenses newal of Equipment.”
amounts charged to operating expenses on account of equip­
for maintenance of equipment.
ment destroyed or condemned, but not replaced. As ex­
lieserve Funds:
As explained in the last annual report, certain charges plained in the last annual report, the practice of the Com­
were made to operating expenses for the year ended June pany is to charge immediately to operation expenses and to
30, 1895, to provide for renewals and expenses properly credit to this fund the original inventory value of all equip­
chargeable to the operations of that year, but not then ment condemned, broken up or destroyed, in advance of
actually expended. The expenditures thus provided for the actual expenditure for replacing such equipment.
This expenditure of $1,059,894 78 represents the net cash
have largely been made during the past year and the reserve
cost of
funds reduced accordingly.
32 Locomotives,
Equipment Trust and Equipment Sinking Fund Payments :
37 Passenger Cars,
Equipment Trust notes have been paid during the year as
894 Freight Cars,
follows :
1 steam Tug,
R ic h m o n d & D a n v ille C a r T r u s t N o te s ........
$ 1 5 4 ,6 4 0 0 0
4 Barges,
G e o rg ia P a c ific C ar T r u s t N o te s ___
. 9 8 ,5 2 7 76
E M T e n n . V a. & O a. C a r T r u s t N o te s ...
. 5 2 ,0 2 6 81 and of equipping 35 locomotives and 1,527 freight cars with
L o u isv ille S o u th e rn C a r T r u s t N o t e s ...............
3 7 ,6 4 7 00 air brakes and 2,513 freight cars with automatic couplers,
R ic h m o n d & D a n v ille L o c o m o tiv e T r u s t N otes.
. 3 8 ,2 2 0 66 these cars and locomotives not having previously been so
$ 3 8 1 ,0 6 2 23 equipped.
In addition to the above the Knoxville & Ohio Railroad
The outstanding Equipment Trust Notes of the old compa­
nies and of the Receivers, after making the above payments Company purchased during the year 150 coal cars, costing
$56,850,
making the total charges to Capital Account during
amount to $577,527 87.
Sinking Fund payments during the year, on account of the year for new equipment $1,002,987 78, as shown in the
Comparative Balance Sheet, Table 1.
Equipment Bonds, have been :
Contracts were outstanding and unfilled at the close of
R ic h m o n d & D a n v lllo 5 p e r c e n t E q u ip m e n t S in k in g
F u n d .................................................................. ....................
$ 8 5 0 3 0 00 the year for the following additional equipment.
G e o rg ia P acitlo 5 p e r c e n t E q u ip m e n t S in k in g F u n d ” ” ’ ”
86,9 9 5 00
4 Locomotives,
36 Freight Cars.
.
$ 1 7 2 ,0 2 5 0 0
The Southern Railway Company has created no equip- Equipment on Hand June SO. 1896:
nient trusts, but has paid cash for all new equipment pur­
The equipment of all lines at the close of the year (see
chased by it.
I Table 19 in pamphlet) consisted of

A ugcst 29, 1896.|

THE CHRONICLE.

638 Locomotives.
524 Cars, Passenger Equipment,
19.457 Cars, Freight Equipment.
275 Cars, Road Service Equipment,
1 Steam Tug,
4 Barges.
Of these there have been purchased or built during the
year, as stated previously.
32 Locomotives,
37 Cars, Passenger Equipment.
1,044 Cars, Freight Equipment,
1 Steam Tug,
4 Barges.
There have been condemned, sold or destroyed and retired
uring the year:
22 Locomotives.
7 Cars, Passenger Equipment,
548 Cars, Freight Equipment,
35 Cars, Road Service Equipment.
Steel Rails:
In addition to the 41,000 tons of new steel rail purchased
during the year ended June 30, 1895, 14,000 tons were pur­
chased during the fiscal year just ended. Of the 55,000 tons
purchased in the two years, if,099 tons are of eighty pounds
and 37.901 tons of seventy-five pounds weight per yard.
26.159 tons were laid during the year ended June 30, 1896,
and 5W.719 tons during the previous year, leaving 8,122 tons
on hand July 1, 1896, all of which will have been placed in
the track before October 1, 1896.
Physical Condition of Rowi and Equipment:
In addition to the expenditures for new construction and
improvements and for new equipment, above referred to as
charged to capital account, marked improvements have
been made during the year in the physical condition of the
road and equipment, the coat of which has properly been
charged to operating expenses. Among such items the
following rnav be mentioned :
There are 79 miles more of 80-pound steel rail,
130 miles more of 75-pound steel rail, and
126 mi es less of iron rail
in the main tracks than at the close of the fiscal year ended
June 9), 1805.
3,660 lineal feet of wooden bridges and trestles
have been renewed with steel structures.
151 miles of additional stone and gravel ballast
have been placed in track.
2,232 lineal feet of trestles have been filled with
earth or stone.
The principal lines of the system are in such physical
condition that immediate and considerable reductions can
safely be made in expenses for maintenance, to meet the
present depression in business.
The condition of the equipment also lias been much im­
proved during the year.
The following were undergoing or awaiting repairs at the
close of the year:
66 Locomotives, or 10’3 per cent of the total equipment.
82 Passenger Cars, or 61 per cent of the total equipment.
504 Freight Cars, or 2*8 per cent of the total equipment.
New Sleeping Car amt Express Contracts:
A new and favorable contract was made with Pullman's
Palace Car Company, in effect November 1, 1895. upon terms
which will materially reduce the expenses of this service to
the Railway Company and provide folly for the continuous
growth of the passenger trathe.
A new contract has been made with the Southern Express
Company, taking effect May 1, 189*5, covering all the lines
operated in the Southern Railway System, under which, in
consideration of increased facilities and improved service
afforded, a large increase in minimum guaranteed revenue
is assured to the Railway Company.
The Lease of the North Carolina Railrocut:
As the lease of September 11, 1871, of the North Carolina
Railroad to the Richmond & Danville Company would have
terminated on Sept. 12. 1901. it was necessary some time
prior to such termination, in order to preserve perman­
ently a proper line through North Carolina, either to obtain
a renewal of the lease for a long period, or to arrange in
advance for the construction of a new line.
Accordingly, on August 16, 1895, a new least- of the prop­
erty was executed for a term of ninety-nine years from Jan­
uary 1,1896. and the old lease was annulled from and after
Decern tier 31,1895. The rental under the new lease is $266,060 per annum from January 1. 1896, to December 31, 1901,
and $286,000 per annum thereafter. In addition to this
rental the Southern Railway Company has agreed to pay
taxes upon the property, which hail been exempt from taxes
under the former lease.
Lease of the Georgia Midland Railway:
C)n June 18, 1896, the Company leased the property of the
Georgia Midland Railway Company for ninetv-nine years
from July 1, 1806, at a yearly rental of $49,500, being the
amount of the interest at 3 per cent per annum upon
the entire issue, $1.65*1.000 of the drat mortgage lKinds of that
Company, and agreed in addition to pay $2,500 per annum as
rental for terminal property in Columbus. (4a. The road ex ­
tends from Columbus. (4a., to McDonough, (4a., 97*88 miles.

361

Purchase of the Control of the Knoxville. Cumberland Gup.&
Louisville Railroad:
On April 1, 1896, the Company arranged to purchase that
portion of the newly-reorganized Knoxville Cumberland
(4ap & Louisville Railway, extending from Knoxville,
Tenn., to Cumberland Gap. with trackage rights from the
last-named point into Muldlesboro, Ken. Iliis property is
operated by its own otticers, and the results of its opera­
tions are not included in the reports of the Southern Rail­
way Company.
Georgia bouth-m tfr Florida Railway:
It was stated in the last annual report that the Company
had acquired certain certificates issued under the plan of
reorganization of the Georgia Southern & Florida Railway,
which would ultimately secure a controlling interest in the
capital stock of that Company.
Under the terms of the reorganization, however, the en­
tire capital stock was not distributed to the holders of cer­
tificates, but $716,000 was held in escrow for an agreed set­
tlement of certain claims against the Georgia Southern &
Florida Conqiany held by outside parties.
This stock has since been distributed to the claimants,
and the Southern Rail way Company’s holdings do not there­
fore constitute a majority, as expected.
The total stock of the Georgia Southern & Fla. Co. is :
1st P referred ..................................................................................... $G84,000
2d Preferred................................
1,084,000
1,000,000
C om m on.................................
,

$2,768,000

Of which the Southern Railway Company holds :
1st P referred..............................................................
2d Preferred .....................................................................................
C om m on .............................................................................................

$400,000
400,000
409,000
$1,227,000

The Georgia Southern & Florida Company earned in the
year ended June 30, 1896, $79,586 90 above all interest and
other charges, or more than double the full dividend of 5
per cent on the first preferred stock. Your directors have
therefore every reason to be satisfied with this investment.
Cincinnati Southern Railway:
Cincinnati New Orleans c£ Texas Pacific Railway Co.:
In June, 1896. a joint proposition for the purchase of the
Cincinnati Southern Railway was submitted to the Trustees
of the Sinking Fund of the City of Cincinnati, by represent­
atives of the Southern Railway Company amlof the Cincin­
nati Hamilton & Dayton Railroad Company, each of those
Companies representing one-lialf interest in' a maiority of
the stock of the *. inemnati New Orleans & Texas Pacific
Railway Co., the lessee of the Cincinnati Southern property.
The pnee offered was substantially as follows:
(1) $19,000,000 in four per cent 100-year gold bonds, se­
cured by a first mortgage on the Cin. So. property.
(2) $1,440,000 in cash, payable at the rate of $240,000 per
year for six years.
(3) The City to receive 10 per cent of all gross earnings in
excess of $4,500,000 per vear after 1902.
(4) A guaranty to expend for betterments to the property
nut less than $250,000 per year for first eight years.
This offer represented the full value of the property, and
was approved and accepted by the Trustees of the City's
Sinking Fund. It was necessary, however, under the laws,
to submit the proposition to a popular vote of the city. The
vote was taken on August 8 , 1896, and resulted in the rejec­
tion of the proposition bv a bare majority of 338 out of a
total vote of 31,122. There is now no existing legislation
under which the property can be either leased or sold.
General Remarks:
Considering the general depression in business throughout
the country, the volume of traffic anil the results of opera­
tion for the year have been satisfactory.
The rates have been better maintained during the year
throughout the territory reached by the Company's lines
tlian for several years past.
The improved condition of the property throughout the
system has been the means of attracting to the Company's
tines a steady increase of traffic, both passenger and freight,
and a number of new and important industries, among
which may be cited the construction during the year at va­
rious points upon the lines of the system of new cotton mills,
running over 800,000 spindles, the plants costing in the
neighborhood of $4,000,000, while at tile close of the year
there were in process of construction directly upon the Com­
pany's lines additional plants which will run 170,000 spindles
and cost about $2,500,000.
It will be seen, by reference to Table 12 [in the pamphlet]
that the freight tonnage of the Company is widely diversi­
fied, which is an element of strength not generally recog­
nized. The Company's lines have been supposed to depend
chiefly for their revenues upon agricultural products, but
only about 15 per cent of the tonnage is of that character,
less than 4 per cent being cotton, while over 40 per cent is
received from mines and mining industries, and over 25 per
cent consists of the products of manufactories.
The acknowledgments of the Board are due to all officers
and employees, for the faithful and efficient discharge of
their duties during the year.
Respectfully submitted, by order of the Board,
SAMUEL SPENCER,
President.

THE CHRONICLE.

362

fVoL. LXIII,

T A I I L K I . —C O M P A R A T IV E B A L A N C E S H E E T J U N E 3 0 , 1 8 9 6 , A N D J U N E 3 0 , 1895.
AS SETS.

J u n k 3 0 ,1 8 9 6 .

JUNE 3 0 ,1 8 9 5 .
Cost of K oad —
S o u th e rn R a ilw a y P r o p e r tie s a s R e o r g a n iz e d .................................
L e a se h o ld E s ta te s . (P e r C on tra “ O u ts ta n d in g S e c u ritie s .” ).
C o n s tr u c tio n a n d R e a l E s ta te s in c e J u l y 1 ,1 8 9 4 ..........................

8 2 2 8 ,2 6 6 ,1 5 3 17
2 3 ,6 2 2 ,0 4 3 00
3 7 3 ,8 2 6 03
8 2 5 2 ,2 6 2 ,0 2 1 2 0

T o t a l C o s t o f R o a d ....................................................................................................................
C o st o f E q u ip m e n t -

$ 2 2 6 ,9 2 9 ,8 1 6 89
2 3 ,6 0 8 ,5 4 5 0 0
1 ,1 3 2 ,0 6 8 09
$ 2 5 1 ,6 7 1 ,0 2 9 98

$ 5 ,5 3 5 ,8 6 9 0 0
539,255 0 0

E q u ip m en t ow n ed ................................................................................................... - .............
E q u ip m en t L ea seh old Estate. ( P er C on tra ' ‘O u ts ta n d in g S e c u ritie s .” ) ___

>,380,460 10
5 3 9 ,2 5 5 00

$ 3 8 ,5 1 5 0 0

N o rth C a ro lin a R R ...................................... - ................................... $ 1 0 5 ,0 0 0 0 0
A tla n ta & C h a rlo tte A ir L i n e ...................................................... 1 9 4 ,0 0 5 0 0
V irg in ia M id la n d R y ........................................................................ 2 4 0 ,2 5 0 00
E q u ip m en t O ther L in es. (P er C o n tra .) .......................................................................

$ 7 ,4 0 0 00

$ 3 ,7 0 6 ,0 8 6 0 0 |
47 4 .9 3 3 52

1 0 ,2 9 4 ,6 5 8 5 2

R o sw e ll R R .............................................................................................$ 3 ,6 4 0 0 0
R ic h m o n d & M ec k le n b u rg R R -------------------- ---------------------- 3 ,7 6 0 00
T ru st E q u ip m e n t ........................ ..........................................................................................
N ew E qu ip m en t sin ce J u ly 1, 1 8 9 4 ...... ..........................................................................
Total Cost o f E qu ipm ent ........................................... ..........................................................

$ 2 6 2 ,5 5 6 ,6 8 2 72 T otal Cost of R oad and E q u ip m e n t ...............................
Secueitif .s Ow n e d .
P le d g e d u n d e r F ir s t C o n so lid a te d M o rtg a g e ..........
$ 7 ,5 0 0 ,0 0 0 00
I n T re a s u ry , u n p le d g e d .....................................................
109,801 00
D e p o s ite d u n d e r N o rth C a ro lin a R a iir o a d L e a se ..

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

82
92
87
61
35
19
40
14

T otal S ecurities O w ned ................................................................................
7 ,6 0 9 ,8 0 1 00
9 1 9 ,4 2 9 85 Ma t e r ia l and S upplies on H an d .............................................................................
4 ,4 8 5 68 I nsurance P aid , not A ccrued ..................................................................................
C urrent Assets——
I n h a n d s o f T r e a s u re r a n d in h a n d s o f F in a n c ia l A g e n ts fo r th e P a y ­
m e n t o f I n t e r e s t C o u p o n s........................................................................................
I n t r a n s i t f ro m A g e n c ie s.......................................................................................................
D u o fro m A g e n ts a n d C o n d u c to rs ....................................................................................
D u e fro m U . S. G o v e rn m e n t....................... ......................................................................
D u e fro m C o n n e c tin g L in e s ....................... .......................................................................
D u e fro m In d iv id u a ls a n d C o m p a n ie s ...........................................................................
D u e fro m R e o rg a n iz a tio n C o m m itte e ( C u r r e n t A c c o u n t)....................................
B ills R e c e iv a b le ........................................................................................................................
I n h a n d s o f T r u s te e s o f S in k in g F u n d s .........................................................................
3 ,8 5 1 ,0 2 2 20

$ 2 ,9 3 8 ,0 0 6 0 0
1 ,4 5 8 ,2 7 9 7 0
1 1 ,3 2 3 ,4 0 0 8 0
$ 2 6 2 ,9 9 4 ,4 3 0 78
$ 1 3 ,9 0 0 ,0 0 0 0 0
1 ,0 3 8 ,3 9 8 35
1 8 8 ,5 0 0 00
1 5 ,1 2 6 ,8 9 8 35
1 ,7 4 3 ,5 2 4 3 4
1 8 ,4 6 6 92
$ 2 ,1 7 8 ,6 1 1
2 5 7 ,4 5 5
3 6 1 ,4 0 6
2 4 2 ,7 2 3
3 9 4 ,6 6 3
4 2 7 ,7 9 2
1 ,0 6 4 ,6 4 4
7 6 ,3 6 3
1 0 ,6 9 7

96
71
45
94
03
69
43
21
76

T otal C urrent A ssets .

5 ,0 1 4 ,3 5 9 18

$ 2 7 4 ,9 4 1 ,4 2 1 45

$ 2 8 4 ,8 9 7 ,6 7 9 57
L IA B IL IT IE S .

J UNE 30, 1895.

J une 3 0 ,1 8 9 6 .
Ca p ita l Sto c k .

$120,000,000 CO
50,000,( 00 00

$120,000,000 00
54,300,000 00

$170,000,000 00
74,351,000 00
O utstanding S ecurities of L easehold .E states (see page 363, Table 5;.
Virginia Midland Railway
B on d s...............................................

$12,961,300 00
7,200,000 00
4,000,000 00
24,161,300 00
$127,000 00
18.000 00

N oith Carolina Railroad

"

S tock..............................................

A tlanta^G a’ .................................................................................................................

Georgia Pacific R ailw ay............_____ .....................................................................
Louisville Southern R R .............................................................................................

$276,132 16
129,5 ‘ 8 00
30,624 11

$1,313,741 53
1,135,203 23
609,004 41
60,304 46
23,465 83
---------- ------------------

125,000 00
$172,845 00
223,732 97
160,362 94
20,586 96

958,590 10
$31,115 00
3,640 00
3,760 00

24,147,800 00
$75,000 00
50,000 00

E quipm ent N otes .
Richm ond & Danville R R ........................................................................................

00
78
70
00
62

$12,947,800 00
7,200,000 00
4,000,000 CO

Mortgages on R eal E state .

145,000 00
$327,485
275,759
258,890
37,647
58,807

$174,300,000 00
79,344,500 00

577,527 87

E quipment Oth er L ines . (Per Oontra.)
Roswell R R .................... T..................................................
Richm ond <fc M ecklenburg R R ...............................................................
38,515 00
463,329 17 I nterest and R entals A ccrued , N ot D u e ........................................................
271,464 18 T axes A ccrued , N ot D u e .......
R eserve F unds.
F or Maintenance o f W av..............................................
For M aintenance o f E quipm ent............
M iscellaneous......................
445,314 27
38,784 46 S undry L ia b il it ie s ...............
C urrent L ia b ilitie s .
Interest and Rentals Duo aud Unpaid, inoluding am ount due Ju ly 1 .........
Audited Vouchers (including new construction and new equ ipm en t)........
Pay Rolls (J u n e ).....-....
Wages Uncalled F or.................
Due Connecting Lines............... .
Due Individuals and Companies.............................................................................
3,172,379 46
T o t a l .................
895,744 81 p r o f it and L o s s (see Tables 2 and 3 fo llow in g ).................................................

$3,640 00
3,760 00

$19,641 60
101,241 85
120,883 45
20,314 49
$1,632,846
1,165,347
623,595
44,517
143,362
440,754

53
33
52
18
41
91
4,050,423 88
1,452,223 00

$274,941,421 45 _______ ____________
TABLE

$284,897,679 57

2 . —IN C O M E A C C O U N T F O R Y E A R E N D E D J U N E 30 , 1 8 9 6 , C O M P A R E D W IT H Y E A R E N D E D J U N E 30 , 1895.
18 9 5 .

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

7,400 00
502,S54 17
249^052 71

1896.

28
52
44
79
66

'! *$ 1 7 ,1 1 4 ,7 9 1 69

$ 6 6 ,9 9 7 91
1 ,1 3 7 1 0
2 1 ,5 4 2 61
8 9 ,0 7 7 62
$ 1 7 ,2 0 4 ,4 6 9 31

B y G ross E arnings .
P a s s e n g e r...............
F r e ig h t......................
M a il...............................
E x p r e s s .......................
M is c e lla n e o u s ............
B y I ncome from I nvestments .
I n te r e s t o n C h e s te r & L e n o ir B o n d s .................
D iv id e n d o n N o rfo lk & C a ro lin a S to c k ..............
D iv id e n d o n C oal C reek M. <fc M. Co. S to c k ...
D iv id e n d o n A la b am a G re a t S o u th e rn S to c k .
M is c e lla n e o u s ...............................................................
B y M iscellaneous I ncome from O ther So u rces .
N e t In c o m e fro m C o m p re sse s a n d O th e r P r o p e r ty ..................................
M isc e lla n eo u s R e n ta ls fro m R e a l E s t a t e ......................................................
Jse t fro m B. Ch. & R. S. Co. (See fo o t-n o te , T a b le 7 . in pam x>hlet).

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

76
20
84
79
45
$ 1 9 ,0 8 2 ,2 4 7 0 4

$ 6 ,1 2 5
8 ,8 7 4
736
9 7 ,7 7 9
116

00
00
00
40
72!
1 1 3 ,6 3 1 1 2

$G 9,?40 36
5 ,4 6 6 26;
1 69 77
7 4 ,8 7 6 39
$ 1 9 ,2 7 0 ,7 5 4 *5

THE CHRONICLE.

August 29, 1896.]
T A B L E

363

2 . — I N C O M E A C C O U N T F O R T E A R E N D E D J U N E 3 0 , 1 8 9 6 , C O M P A R E D W I T H T E A R E N D E D J U N E 3 0 , 1 8 0 5 — (CONCLUDED)

1895.

1896.

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

19
30
87
90

r n im

E

x pen ses a sd

T a x es.

M a i n t e n a n c e o f W a y a n d S t r u c t u r e s .,
M a i n t e n a n c e o f E q u i p m e n t ................ ..
C o n d u c t i n g T r a n s p o r t a t i o n .......................
G e n e r a l E x p e n s e s a n d T a x e s ..................

$ 3 ,3 8 S ,6 9 9
2 ,0 9 3 ,9 -4
6 , 7 9 8 ,0 8 2
1 ,1 7 0 ,6 8 0

17
55
56
97

$ 1 2 ,0 6 2 ,8 3 4 2 6

T o F i x e d C h a r g e s , I sc u jjd ix g R e n t a l s .
$ 1 7 5 ,1 7 5 0 0 t 6 m a s .)
2 7 1 ,6 7 3 0 0 ( 6 m os t,

$ 1 3 ,4 5 1 ,4 4 7 5 5

S o . R y . 1 s t C o n s . M tg e ..
$ 9 9 6 ,9 7 7 7 3
E . T . R e o r g a n iz a t i o n M t g e .................. 1 2
12
R . A D. 1 s t C on s.
... 9
D eb en tu re
...1 2
E q. 8. F.
...1 1
W . O . A W . 1st
...1 2
R . V. R . & C . 1 s t
...1 2
2d
...1 2
A . T . A O . 1st
...1 2
W . N . C. 1 s t C o n s.
. < ........... . . . 6
C .C . A A . 1 s t E x t
>. . . . . . . . . 6
2(1
...1 2
...1 2
& a.

6 0 .0 0 0 0 0 I 1 m o .v l
3 5 9 3 2 0 0 0 ( 1 2 m a x .)
3 7 ,1 0 8 3 3
1 1 .0 0 0 0 0
2 0 .0 0 0 0 0
2 2 .5 0 0 0 0
9 .0 0 0 0 0
1 5 1 ,8 6 0 0 0
5 8 ,8 3 3 3 3
5 0 .0 0 0 0 (1
8 ,7 5 0 OO
9 1 .6 6 6 6 7
2 0 0 ,3 9 2 5 0
1 * 2 ,3 5 8 3 3
6 8 5 ,2 9 1 6 7
5 5 .0 0 0 0 0
1 1 0 .0 0 0 0 0
2 3 3 ,8 3 3 8 3
2 9 ,9 0 1 16
3 8 .0 0 0 0 0

(1 2 m o s .:
(1 2 m o s
( 1 2 w o * .;
(1 2 m o s .)
<12 m o s ,.
{1 2 m o s .)
( 5 m o s .)
( O r n o s .)
I 3 m o s .)
(1 1 m o s .)
(11 m o s .)
( lim n s .)
(U m o a .i
(11 m o s .)
(11 m o s .)
( 1 0 m o s .)
G O m o s .)
(1 2 m o s .)

8 6 .0 0 0 0 0

.12 mos >

o.

Cuss.
A la . C e n t. 1 s t
K . A- *>. 1 s t
( i s . P a n . 1st
E q . S. F .
V a . M id . S e r ia l A
B

111.000 00 names.)

88.00000 (12 mos.)
8 8 , 7 5 0 0 0 . 12 m o s ,
6 5 , 5 0 1 0 0 ( 12 urn s.)
2 1 2 .9 5 0 0 0 ( 1 2 m o * ..
3 5 ,2 7 5 0 1 1 12 m o s .)
7 . 0 0 0 0 0 ( 1 2 m o s .)
2 6 2 ,1 5 7 0 6 ( 1 2 m o s )
3 5 .0 0 0
2 9 7 ,5 0 0
1 5 .0 0 0
1 0 2 .0 0 0
1 .0 0 0
2 0 .0 0 0
525

i st

E , T . V . A G . 1st

0 0 ( 1 2 m a s .)
0 0 ( 1 2 m o * .)
0 0 ( 1 2 m o s .)
0 0 i 2 m o s .)
0 0 ( 1 2 m o s .)
0 0 ( « m os. i
0 0 1 6 m o s.i

4 , 1 9 5 ,9 2 5 4 0
$■-’ ,2 4 0 12

1 8 0 ,0 0 0
3 5 9 ,8 2 0
1 2! 6 .3 0 0
5 3 ,2 0 0
4 1 .0 0 0

m o s .. $ 4 ,5 0 0 ,0 0 0 ,
BIOS.. 5 .9 9 7 .0 0 0 , t
m o s ., 3 . 3 6 8 . 0 0 0 ,
m o s ., 1 .0 2 5 .0 0 0 , f
m o s ., 1 .0 2 5 .0 0 0 , mos.,
4 0 0 .0 0 0 , s
m o a .,
3 0 0 .0 0 0 , m o s .,
1 5 0 .0 0 0 , (
m o s ., 2 .5 3 1 .0 0 0 , i
000, :
m o s ., 2 . 0 0 0 .
m o s ., 1 ,9 9 7 ,5 0 0 ,7
m o s ,,
5 0 0 .0 0 0 . 7
m o s , 2 ,0 0 0 , 0 0 0 , :
1 j m os., 3 . 1 2 3 . 0 0 0 .
12 m o s ., 3 . 1 0 6 . 0 0 0 ,
1 2 m o s ., 1 2 , 7 7 0 . 0 0 0 ,!
12 m u - , 1 ,0 0 0 ,0 0 0 ,1
............1 2 mos,, 2 . 0 0 0 .
000, (
..............12 tnos , 5 . 0 6 0 . 0 0 0 .
6 2 2 .0 0 0 , :
....... — tam o s,
______ 12 mot.
8 0 0 ,0 0 0 , <
..............njtno*., 1 . 9 0 0 .0 0 0 , (

2 0 .0 0 0 00:
2 2 .5 0 0
9 .0 0 0
1 5 1 ,8 6 0
5 0 .0 0 0
4 9 .9 3 7
3 5 .0 0 0

D a la u c e C a b s ie d t o C u e d it « .r P i o m

ash

2 178 ,0 1 0
1;5 5 .3 0 0
6 3 8 ,5 0 0
6 0 .0 0 0

00
00
00
00

2 81 3 .0 0 0
3 2 ,3 0 0
3 6 .0 0 0
1 1 4 .0 0 0

00
00
OO
OP

120,000 00

6 6 .0 0 0 00
3 8 .0 0 0
8 8 ,7 5 0
6 5 .5 0 0
2 4 2 ,9 5 0
3 6 ,0 5 1
3 ,5 0 0
1 3 3 ,2 2 3
1 3 3 .0 0 0
3 5 .0 0 0
2 9 7 .3 0 0
4 5 .0 0 0

00
00
00
00
00
00
53
OO
00
00
00

1 0 2 .0 0 0 (>0
4 .0 0 0
4 0 .0 0 0
1 ,0 5 0
1 0 .3 0 3

00
00
00
02

2 3 ,2 3 1 91
5 ,2 1 9 ,3 7 0 2 4
$ 1 9 ,2 9 5 9 6

M m U a a e o e s I s t s i w ...................................................................................................
D i . i v . f . <sttlon B o n d * ........................................................... .
R . A H . R R T r a in ,' C o n t r a c t , H m o * ................................................... ..............
•'
S e t E a r n in g s ,
1 2 m o s ....................................................................
N e t e a r n in g * o ( R o a d * O p e r a te d f o r A c c o u n t o f R e c e iv e r * R . A D . R R .
-1 9 ,9 4 4 6 4
8 8 5 .7 4 l 31

OOi
00!
00
Oo
50
00

1 0 0 ,0 0 0 00

I-

'•
“
■'
“
..............12 mo*,, 1 .1 0 0 .0 0 0 , f
“ ..............12 mos., 9 3 0 ,0 0 0 , (
8
E
•* ..............12 mos., 1 .7 7 5 .0 0 0 , ,*
•• ............1 2 mo« , 1 .3 1 0 .0 0 0 ,
r
General...............................12 mo* . 1 .6 5 9 .0 0 0 ,
C A R . RB.
R ental........................12 mo*..
F, * P . "
........................ 6 mos..
North Carolina HE.
-j
- - 6
A. AC. A. L. 1st Mtge. P ro f.......................12mos., $ 5 0 0 ,0 0 0 , 1 %
1st Https.
...............
12 mos., 4 . 2 5 0 . 0 0 0 ,
7 5 0 ,0 0 0 .
tneow
12 mos.,
Stock_____
12 mo*.. 1 .7 0 0 .0 0 0 ,
Organization E x p ................ 12 mo*....................
S. V. A c . 1st It*.:...................................... 12 mos , $1,000,000, W
Athens Bell Line Rental...................... ,1 2 mos......... . , ...
Wil. A Wei. HR. Trackage Rental .......... . Sato*....................
Norfolk A Carolina RR
Truckage and Real Estate Rental......... 6 mo*....................
To Othbb DBooertoxs rnoM I ncome.

" 6 .0 6 6 07
1 3 ,4 1 9 4 5
2 8 ,2 1 9 2 0

00
00
00
00^
00

1 0 ,0 0 0 0 0 *
5 ,5 9 1 2 6
9 .5 7 1 3 5
4 4 ,4 5 8 5 7
5 5 6 ,4 7 8 19

L o s e r o n t h e Y e a r ..

$ 1 7 ,2 0 1 ,4 6 9 31
T A B L E

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

B a l a u c e a t C r e d l i o f H it* A c c o u n t J u l y 1. 1 8 9 5 .......... ..
A d d C r e d i t B a la n c e o f I n c o m e A c c o u n t f o r y e a r e n d e d

$ 8 9 3 ,7 4 4 81
5 5 6 ,4 7 8 1 9

A m o u n t c a r r i e d f o r w a r d J a m - 8 0 , 1 3 8 6 . ........................... $ 1 ,4 3 2 , 3 2 3 0 0
T A B L E

t.

F U N D E D D E B T J U N E 3 0 . 1 8 9 0 ,C O M P A R E D W IT H J U N E 3 0 , 1895
„
„
J u n e 3 0 ,1 8 9 3 J u n e 3 0 ,1 8 0 6
S o u t h e r n R y .:
1st C o n s o l. M o r t g a g e R o n d s . 5",.....................$ 2 1 ,9 1 1 ,0 0 0
$ 2 6 ,0 7 0 ,0 0 0
‘ ■E ast T r i m . " R e o r g . M o r t. B o n d * . 4*4
4 .5 0 0 .0 0 0
4 . 5 0 0 .0 0 0
K ie h r a o n d * D a n v i ll e R R ;
C o n so l. M o rtg a g e G o ld B btid*. $%
5 .9 9 7 .0 0 0
5 .0 9 7 .0 0 0
D e b e n t u r e M o r t g a g e B o n d s , 5 1 : ..................
3 , 3 0 8 ,0 0 0
3 . 3 0 8 .0 0 0
E q u ip m e n t S in k . F u n d M a r t , S o n d e , 5 f i .
1 .0 2 5 .0 0 0
1 . 110 .0 0 0
W'a
as"
, .........
....e s t e r n R R .:
s b ln g..t o t t O
h io *. W
1 s t M o r t g a g e B e a d s . - I S ............................
1 .0 2 5 .0 0 0
1 .0 2 5 .0 0 0
Richmond York River A Chesapeake RR .
1st M o r t g a g e B e n d s , 5 % ...................................
4 0 0 .0 0 0
4 0 0 .0 0 0
2d M o r t g a g e B o n d s . t»» , . . . ........ ..............
5 0 0 .0
)0
5 0 0 .0 0 0
A t l a n t i c T e n n e s s e e * O h io H R .:
1 s t M o r t g a g e B o n d s . 0 % ..................... .............
1 5 0 .0 0 0
1 5 0 .0 0 0
Western N o r t h C a r o l i n a R B ,:
1st C o n s o li d a t e d M o r t g a g e B o n d s , «■ * . . .
2 ,5 3 1 ,0 0 0
2 . 5 3 1 .0 0 0
C h a r lo t t e C o l u m b i a A A u g u s t a R R .:
1 s t E x te n d e d M o r t g a g e B o n d s , 5 % . . ...........
3 , 0 0 0 ,0 0 0
1 .9 9 7 ,5 0 0
5 0 0 ,0 0 0
5 0 0 .0 0 0

c f f l g l S i i ; ..............
1 s t M o r t g a g e B in d s . 5*i>
B e s t T e n n e s s e e V ir g in ia A
l « t M o r t g a g e B o n d s , 784
1 st M o rtg a g e g o o d s , 5 %

Cor, w > ,

M-, f .:...:*

..................
G e o r g ia R y .:
...................................
. . . ...........................

{ ,, ,

J u n r 3 0 , 1 8 9 5 . J u n r 3 0 , 18 9 6 .
$ 1 ,0 6 0 ,0 0 6
$ 1 ,0 0 0 ,0 0 0

A l a b a m a C e n t r a l R R .:

P R O F IT A N D LO SS A C CO U N T F O R Y E A R E N D E D J U N E 3 0 , 1896.

2 , 0 0 9 .0 0 0

2 , 000,000

3 , 1 2 3 ,0 0 0
3 ,1 0 0 ,0 (8 )

3 .1 2 3 .0 0 0
3 .1 0 6 .0 0 0
1 2 ,7 7 0 ,0 0 0

........! 2 ,7 7.. O: if)

1 s t M o rtg a g e B ondi
mde* 0 8 4 . .. . ...........................
G e o rg ia P a c ific K y.:

1 s t M o r t g a g e B o n d * . 5- , ...................................

E q u ip m e n t - i

1 n d S ta rt

Knoxville A Ohio RR.:

Bonds, 5 % ..

1 s t M o r t g a g e B o n d * . » % .....................................

5 ,6 0 0 ,0 0 0

5,660,000

7 0 0 ,0 0 0

022,000

2 , 0 0 0 ,0 0 0

2 , 000,000

S p a r t a n b u r g u n i o n A C o l u m b i a R R .:
1 s t M o rtg a g e B o n d s, 4 % ........ ................................................

1, 000,000

T o tal.................................................. $74,351,000

$ 7 9 ,3 4 4 ,5 0 0

T A B L E 5.
O w m s n n w s e c e r n m * o r Lea seh o ld E states.
VtitOftriA MfPLANT' R r :
Ju n e 30 , ’90.
J u n e 3 0 , *95.
S e r ia l M o r t g a g e B o n d s , S e r ie s A , 6 % ___
••
B, 6 % ....

G en era l M o rtg a g e B o n d s , 5%
C h a r to tti-s v iU e A R a n id u ti R R . :
l « t M o r t g a g e B o n d s , o -’ j . . .
F r a n k li n A f l t t s y l v a n l a R s . :
1st M o r tg a g e B o n d s , 9 % . . . .

Art. AFTAA Charlotte Atit LINK Rr.:
1 s t M o r tg a g e . P r e f e r e n c e B o n d s , 7 % . . .
1 s t M o r t g a g e B o n d s , 7 % ...............................
I n c o m e M o r t g a g e B u n d s , 6 % . ., ................
Stem k, 9 % .......... ...........................................

North Cabomka RR.:
T o t a l ..................

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

$ 0 0 0 ,0 0 0
1 .9 0 0 .0 0 0
1 .1 0 0 .0 0 0
9 5 0 ,0 0 0
1 .7 7 5 .0 0 0
1 .3 1 0 .0 0 0
1 .3 5 9 .0 0 0

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

3 9 0 ,8 0 0

3 7 9 ,3 0 0

7 6 ,5 0 0

7 4 ,5 0 0

$ 1 2 ,9 6 1 ,3 0 0

$ 1 2 ,0 4 7 ,8 0 0

$ 5 0 0 ,0 0 0
4 .2 5 0 .0 0 0
7 5 0 ,0 0 0
1 .7 0 0 .0 0 0

$ 5 0 0 ,0 0 0
4 .2 5 0 .0 0 0
7 5 0 ,0 0 0
1 .7 0 0 .0 0 0

$ 7 ,2 0 0 ,0 0 0

$ 7 ,2 0 0 ,0 0 0

$ 1 , 0 0 0 ,0 9 0

$ 4 , 0 0 0 ,0 0 0

$ 2 4 ,1 (5 1 ,3 0 0 - $ 2 4 , 1 4 7 , 8 0 0

l nlted Htate* L u th e r , — Aro D ividend.— The regular tha bridge across the Missouri, coanectiug the ro id with
quarterly m etlog o' director* this week adjourned with­ Yankton. The contract fo* building this bridge is reported to
out action regard mg a dividend.—V, til, p, 415.
have been let w ithin a w e e k or two.
Now it is stated th a t the bridge and railroad oom pinies

Yankton & Norfolk By,—Yankton * .Norfolk Bridge.— have mads mortgages to the London By. & Land S /n d isa te,

London By.

a

Land H rm tlrate.- -Cmtxtruefum —New Mart-

Limited, and th at the latter has agreed to furnish £300,000,
of which 31,001,00) for the construction of the railroad and
the rem ainder for the bridge. A rthur J , Tulloh and C. P.
M organ are Directors, and Horace Situpsou, Secretary, of the
Syndicate. For the IdiM ; of the road, bonds are said
tance of
6)
Tbe foil >win? o fiitSM w**re olacted : to have been v.ot -I by Pi -res and M tdison counties, Nebraska.
President, Jam vs P. E nglish; V ic-P n-iid-rtt, B. L B t'd via ; By reference to t i e m tp it will be seen the new line will form
secretary, B_J. B ieo aell; Tr-tMarer, Lxiie Sohro-t ier, Tn» a southerly extension for the G reat N ofthsrn, A branch in to
XMktoti lk Norfolk BridgeCRttpiuy was also form »i to build Iow a is also talked of,
gage.—r**e Yankton & Norfolk Ry. Co. wa* incorporated id

June lost by 0 itth a and English creditors of J. T. M Ptercs. to
complete hie proj site ! road from a point on the Missouri River,
opposite T ank too, X D , south )riy. t i N jrfolk, Nab,, a d h

fH E CHRONICLE.

3H -I

[VOL. LX III.
C O

!£ h c

O T o m m e r c tiil

COMMERCIAL

^ m

e s .

EPITOME

The formal letter of acceptance by the Republican nom­
inee for President has been received with general satis­
faction. Although there has been something of a flurry
in the money market, and merchants in many lines of busi­
ness have complained over the slowness of collections, confi­
dence lias appeared to be steadily returning. There have been
further engagements of gold in England for shipment to New
York,and it is now thought that before the import movement
of this metal ceases a considerable amount will have been re­
ceived, and naturally it iB expected that this will give material
relief to the monetary situation. The assignment of a large
local dry goods house was announced early in the week, but
asit was not unexpected, ithad very little influence on general
business. A rather sharp decline has occurred in cotton values
in consequence of improved crop prospects.
The demaud for lard on the spot has been quiet and as
offerirgs have been fairly liberal prices declined. At the close,
however, tlx re was a recovery and final prices were 3'75c.
for prime Western, 3'50c. for prime City and 4'25c. for refined
for the Continent, The market for lard futures has been
weaker. At the West there were fair offerings and prices
gradually declined. To-day, however, there was fairly active
buying by large operators and prices advanced, closing steady.
S e p te m b e r......................... e.

3-72

3-70

3 '7 0

3 '8 5

3-65

N

.

August 23, 1896.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 63,557 bales,
against 36,961 bales last week and 16,370 bales the previous
week, making the total receipts since the 1st of Sept., 1895,
5,337,756 bales, against 7,880,494 bales for the same period of
1894-5, showing a decrease since Sept. 1,1895, of 2,542,738 bales.
T h e Movem ent of t h e Cr o p,

F r id a t N iq u t , A ug. 2 8 ,1 8 9 6 .

DAILY CLOSING PRICES OP LARD FUTURES
Sat.
M on.
Tiies.
Wed. l h u r

T T O

F r id a y N ig h t ,

Sr..

3 77

R eceip ts at—

Sat.

G a lv e s to n ..........
T e x . C ity , &o.
N ew O r le a n s ...
M o b ile .................
F l o r i d a ...............
S a v a n n a h ..........
B r a n s w ’k , &o.
C h a r le s to n ........
P t . R o y a l, &c.
W ilm in g to n ___
N o rfo lk ................
W eBt P o i n t ........
N’p o r t N ., &c.
N ew Y o r k ..........

TUC8.

M on.

Wed.

Thurs.

3,9 4 8

7 ,1 4 3

2,138

0,855

3,731

......

......

......

......

......

7 54
70 5

2,9 2 6
221

3 ,1 7 4
34

3,545
62

1,450
179

F ri.

Total.

5,392
247
2,3 1 9
107

2 9 ,2 0 7
247
1 4 ,1 7 4
1,3 0 8

......

......

......

......

......

......

1,3 2 0

2,6 1 3

2,6 9 3

1,176

2 ,6 5 8

4,151

1 4 ,6 1 1

......

......

......

......

......
4 ,9 6 8

5 62

1,558

7 83

568

674

8 23

......

......

......

......

......

......

1 80

192

4 68

3 95

181

532

1,948
1,9 4 7

141

4 33

531

5 23

1 47

172

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

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

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

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

.........

......

......

......

139

139
1

1
P h ila d e lp li’a,& c

2

T ot’Is th i s w e e k

7 ,6 1 0 1 5 ,0 8 8

1

7

9 ,0 2 6 1 3 ,8 8 3

6 8 ,5 5 7

4
9 ,8 2 6 1 3 ,124

Pork has had a moderate call but at slightly lower pri es.
The following shows the week's total receipts, the total since
The close was steady at $7 7o@8 95 for new mess, $9 25@10 35 Sept.
1, 1895, and the stock to-night, compared with last year.
for family and §7 50@9 00 for short clear. A limited inquiry
Stock.
1895-96.
1 8 9 4 -9 5 .
has been reported for cut meats and prices have improved R eceip ts to
slightly, closing at 5^@5^c. for pickled bellies, 12@10 lbs.
S ince Sep.
S ince Sep.
This
This
A u g . 28.
1
8
9
6
.
1895.
average,
for pickled shoulders and 9J^@9^c. for pickled
W eek.
1, 18 9 5 .
1 ,1 8 9 4 .
W eek.
hams. Beef has been quiet but steady, closing at
1 0 ,681
4 6 ,5 7 7
$6 50@7 for iness, 3>7@S for packet, $8@9 for fam­ G a lv e s to n ... 2 9 ,207 9 7 8 ,6 5 9 1,6 0 2 1 ,6 5 9 ,5 2 9
2 47 1 1 3 ,8 0 8
7 4 ,0 0 5
ily and $10@12 for extra India mess. Beef bams
2 8 ,9 2 9
7 1 ,8 5 8
have advanced, closing at $lo@15 50. Tallow has been N e w O rle a n s 1 4 ,1 7 4 1 ,7 9 4 3 5 5 4 ,0 4 4 2 ,5 8 3 ,4 9 8
3 ,9 4 6
65 2 3 8 ,7 2 7
3 ,3 3 7
in demand for export but an advance in price has checked M o b ile ........... 1,308 1 9 7 ,7 5 3
2 5 ,4 0 2
3 3 ,8 9 4
business; closing at 3J^c. bid and 3J^c. asked. Oleostearine
3 61 9 4 4 ,2 2 0
5 ,9 1 6
1 9 ,6 4 7
has been in limited request and steady at 4c. LarJ stearine S a v a n n a h . . . 14,611 7 7 7 ,5 2 3
1 1 5 ,3 8 4
1 5 2 ,8 0 9
452
has been quiet and unchanged at 4J^@4J^c. Cotton-seed oil
82 4 2 7 ,7 0 8
18,771
1 5 ,432
has been quiet and easier, closing at 19@20c for prime crude C h a r le s to n .. 4,9 6 8 2 8 7 ,6 3 8
7 7 ,5 1 3
and 22%@23c. for prime yellow. Butter has been in moder­
16 1 ,5 6 1
ate demand and steady, closing at llj^@16}^c. for creamery. W ilm in g to n . 1,9 4 8 1 7 3 ,2 8 4
5 75
1 0 2 3 4 ,5 2 8
2,5 4 3
Cheese has been quiet and easier, closing at 5@3c. for State
767
928
factory, full cream. Choice fresh eggs have been in good de­ N o r f o lk ......... 1 ,9 4 7 3 4 0 ,8 3 9
51 4 7 0 .3 5 8
6 ,1 2 4
2 ,9 5 2
mand and firm, closing at 14t£<gl5c, for fancy Western.
2 8 6 ,2 1 4
50
1 4 3 ,6 3 9
200
The demand for coffee of Brazil growth has been very mod­
4 2 ,9 8 3
1 39
erate, but off* rings have been somewhat limited and prices
5 3 ,1 4 9
1 3 7 ,1 0 7
6 7 ,4 1 9
1 6 0 ,9 2 7
have held fairly steady, with Rio -No. 7 quo ed at 10%c. B o sto n ............
32 1 6 6 ,7 8 9
2 ,0 0 0
2^900
1 1 2 7 ,1 7 0
There has been a fairly active call for mild grades at steady B a l tim o r e . . .
4 8 ,9 0 1
205 1 2 0 ,0 2 3
3,4 6 9
3 ,5 0 0
prices, closing at 14}^c. for good Cucuta and 22J^c. for stand­ P h ila d e l., &c.
4 5 ,3 9 5
3 48
1 5 4 ,1 0 5
4 ,0 9 2
7
5 ,9 6 7
ard Java. Thpre has oeen very little activity to the specula­
tive di aliDgs in the market for contracts, but prices have ad­ T o t a l s ........ 6 8 ,5 5 7 5 ,3 3 7 ,7 5 6 6.8 0 3 7 ,8 8 0 ,4 9 4 1 9 7 ,5 0 8 2 9 0 ,7 5 6
vanced slightly on buying bv a few “ shorts” to cover con­
In order that comparison may be made with other years, we
tracts. The close was steady. Following were final asking give below the totals at leading ports for six seasons.
prices:
A u g ...................... 10-20o. 1 N o v.................... 9-30e. I F e b ....................... 9 '2 5 e .
8 e p t . . . ................ 9 9 Jo. D e o ................... 9'2 5 o . M a r c h .........
9 ’25c.
O c t...................
9 '5 5 o . [ J a n ...............
9*25p. 1 A p r il................... 9 ‘25c.

R eceipts at—

G a lv e s ’n Ac,

18 9 6 .
2 9 ,4 5 4
1 4 ,1 7 4
1.308
1 4 ,6 1 1
4,9 6 8
1,9 4 8

18 9 5 .
1,6 0 2
4 ,0 1 4
65
364
82
10
51

1894.

9,8 IS
1 0 ,2 5 3
358

1893.

4 ,1 2 2
3,3 5 8
872
7 ,2 2 3
3 05
41
480
22
1,211

18 9 2 .
8 ,7 7 8

18 9 1 .
2 1 ,0 6 9

1 5 ,0 3 9
8 ,8 9 0
There has been a quiet market for raw sugars; refiners N ew O rle a n s
1 67
3 ,4 1 8
have been slow buyers and at the close a sale was made at a M o b ile ..........
3 ,0 2 0
3 ,0 8 7
1 0 ,3 1 4
slight decline, closing at 3 5-16c. for centrifugals, 96-deg. test, S a v a n n a h ...
8 06
1,153
1 ,0 1 2
and 3c. for muscovado, 89-deg. test. Refined sugars have C h as’to n , &c
45
36
125
been quiet and unchanged, closing at i% o. for granulated. W ilm ’to n ,& c
1 67
742
N o r f o lk ........
344
1 ,9 4 7
Teas and other staple groceries quiet but fairly steady.
1 24
43
139
1 ,1 9 9
Kentucky tobacco has been in demand for export and sales W. P o in t, &c.
532
8
5 85
975
1 ,4 3 7
have been made of 600 hhds., including 400 hhds. to France; i l l o t h e r s .. .
prices have been firm; crop advices were reported unfavor­ i o t. th is w k. 6 8 ,5 5 7
6,8 0 3
2 5 ,1 7 3
1 7 ,6 3 4
2 3 ,4 7 3
5 4 ,4 3 5
able. Seed leaf tobacco has been quiet but steady’. Sales for
the week were 1,350 cases: 100 cases 1894 crop, Con­ S ince S e p t. 1 5 3 3 7 ,7 5 6 7 8 8 0 ,4 9 1 5 9 8 1 ,6 9 8 5 1 2 4 ,4 7 6 7 1 5 7 ,5 4 2 6 9 9 3 ,1 5 0
necticut Havana seed, 16c ; 500 cases 1895 crop, Connecti­
The exports for the wees en iing this evening reach a total
cut Havana seed, 20@22c.; 200 cases 1893 crop, Pennsylvania of 23,910 bales, of which IS,547 were to Great Britain, — Havana seed, B's, 1 0 <e11c.; 100 cases 1893 crop, Pennsylvania to France and 5,363 to the rest of the Continent. Below are
seed leaf. 10V£e: 150 cases 1894 crop, Pennsylvania Havana the exports for the week and since September 1, 1895.
seed, B’s, !ff£@i0%c ; 100 cases 1893 crop, Wisconsin, 8@10c.;
W eek E n d in g A u g . 28, 1890. From Sept 1, 1895, to Aug. 28, 1 8 9 0 .
50 cases 1893 crop. Little Dutch, 9c., and 150 cases 1894 cron,
E xported to —
E x p o rted to—
Zimmer’s, M%@lli£c ; also 700 bales Hivana, 40@S0c., and
E xports
Great
G reat
Conti­
C onti­ Total
250 bales Sumatra, 60e.@$t 50, in bond.
fr o m —
T o ta l
France
France
n en t.
B r it'n .
n en t. Week. B rita in .
There has continued a quiet market for Straits tin and the
698,251
438,137 95,480 104,034
close was easy at slightly lower prices, in response to weaker G a l v e s t o n ........
80,590
4,59 9
42,377
39,020
foreign advices, at 13'30@13-35c. There has been a slow mar­ l e x . C ity , & c..
711,050 300,951
595,118 1,014,719
4,713 10,941
ket for ingot copper ; the export demand has been light and N ew O r l e a n s . . 0 ,2 »
29,917
119,010
89,003
o b ile & P e n .
the inquiry fiom the home trade has been limited ; prices,
35,380 26,399 304,331 306,116
how ever, have been unchanged and steady at 10’75@llc. for SBar vu an ns wn aichk ........
23,959
74,340
50,381
........
Lake. Lead has been quiet but fairly steady, closing at 2 62>i
93.144
178,442 270,580
a r le s t o n * ..
@2'70c. for domestic. Spelter has been quiet and easier, clos­ CWhtlm
40,053
90.708 132,531
1,770
in K to n ...
ing at 3-65@3-7oc. for domestic. Pig iron has been dull ani N o r f o lk .............
30,715
17,107
53,822
easy at unchanged prices, closing atS1025@12 50 fordomestic. W e s t P o i n t —
9,930
9,930
Refin. d petroleum has been firmer, closing at 6'70c in N ’p ’t N e w s, &c
14,629
14,029
050 11,997 382,203 30,771 297,815 710,789
bbls.. 1 20c. in bulk and 7 60 in cases; crude in bbls. has been N ew Y o r k — . 11,847
8,833 377,509
078 274,170
<578
nominal; naphtha dull at 7>£c. Crude certificates have been
87,684 148,023
294
58,321
2,018
294
a
l
t
i
m
o
r
e
.
.
.
..
neglected and the close was unchanged at SI 06U bid. Spirits
35,909
*5,142
9,233
of turpentine has been quiet but steady at 24a)24Vc. Rosins P b l la d e l p ’a .& c
have been in limited demand and steady at. $1
60 for T o t a l ........... 18,547
5,303 23,910 2,288.241 467,988 1,872,504 4,628,793
common and good strained. Wool has been dull and barely T o ta l. 1891-96. 3.191
4.170 3.443.9«f. 774.904- 9 .A.01 *4 A « *?!« R13
979
steady. Hops have been quiet and easy.
* Including F o rt Royaltf

THE CHRONICLE.

A ugust 59 1896,]

In addition to above exports, our telegram s to-aight also
give us the following am ounts of cotton on shipboard, n o t
cleared, at the ports nam ed. We add sim ilar figures fo r
New York, w hich are prepared for our special use by Messrs.
Lam bert ,v Barrows. Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—
d u l l 2 3 u f—

O th e r
C o a s t­
O r e a t ' ,,
B r i t a i n . F r a n c e . F o r e i g n ’ w ise.
3 ,3 7 4 !
1 0 ,7 0 3 •
N one. ■
1 ,1 0 0
N one.
N o n e .:
5 ,3 0 0
1 ,3 0 0 :

337
2 ,3 8 7 •
888
4 ,5 4 2
4 .0 0 0
N one.
N one.
N one.
N one.
N one.
N one.
N one.
7 2 3 : 1,65(1
300
N one.

T o t a l 18£>C..

2 7 ,7 7 7

8 ,1 5 4

T o ta l 1 8 9 5 ...
T o ta l 1 8 0 1 ...

3 ,8 3 5
4 ,0 0 7
N one.
1 0 ,2 2 7 ;
9 9 5 ! 1 2 ,5 2 6

N o w O r l e a n s ...
O a lr e s t o r i ..........

Savannah.......

C h a r le s t o n ....
M o b i l e ................ i
N o r f o l k ...............■
NessO th e r p o r t s , , . . ’:

York.......

7 ,3 7 5 i

L e a v in g
s to c k .

T o ta l.

901
4 .6 9 3
N one.
450
N one.
300
N one.
N one.

7,69*3
2 6 ,8 2 6
4 .0 0 0
1 ,5 5 0
N one.
500
7 ,6 7 5 •
1 .0 0 0

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

6 ,5 1 1

4 9 ,8 5 0

1 4 7 ,6 6 8

1 ,5 3 5
8 ,3 3 7
2 ,5 5 5 • 2 6 ,3 0 3

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

365

The S a l e s a n d P r i c e s o f F u t u r e s at New York are
shown in the following comprehensive table.

sad * t i l !

1311 f s r f

1311

IP? IP I iP i IP.? IP f
?s
5£
?%€ ~ r
; III
ilifeS • c : f5
'

.....................I R .

1f i f
: 3 ; I

i ?i ?
; s : k

I £ 1

?

: s,:

There was continued considerable activ ity to the specula
tion in cotton for future delivery, but prices have turned
weaker and have declined ra ther sharply under active selling
by ‘ longs** to realize profits, prompted by improved w eather
conditions in the Southwest for the growing crop. S atu r­
day there was a slight decline in values, due principally to
disappointing foreign advices. Monday there was a weak
and depressed m arket. There was active liquidation by
“ longs." as advices from Arkansas, Mississippi and Texas re­
porting good rains prom pted active selling to realize profits.
The movement of th e new crop was also quite large, and this
also had a depressing effect upon values. The close was a t a
net decline of 37@$09 points for the day. Tuesday the
m arket opened a t an advance in response to stronger foreign
advices than expected, then weakened and lost the improve­
ment under renewed stilling, prompted by fu rther reports of
favorable w eather conditions for the grow ing crop and large
port receipts. Subsequently there was a slight recovery, the
close was barely steady, w ith prices unchanged to 1 points
higher for the day. Wednesday there was a fu rther break in
values. Crop advices were favorable and this, together w ith
disappointing foreign advices and th e continued heavy crop
movement, th e port receipts for the week being estim ated
a t 65,000 bales, against 6,867 bales for th e same week last
year, prompted renewed selling both for -‘long *and -short*'
account and prices dosed a t a decline of 56 to 33 points for
th e day. Thursday there w as a slight decline of 5 to 7 jaunts
under continued liquidation by “ longs,” prompted by un­
proved crop accounts and weaker foreign advioes. io-d sv
th e m arket opened a t a decline of 3 to 8 points and then f u r ­
th er weakened under the heavy interior crop movement, the
receipts for the week being ”3,283 bales, as compared w ith
6,343 bales for the same week last year. The close was quiet
a t a decline of II 13 points for the -lay. Cotton on the spot
has been quiet and prices declined !-,"e. on Monday and 3-lflc
on Wednesday. To-day the m arket was q u ie t'a n d 3-iOc,
lower, closing a t So. for m iddling uplands.
The total sales for forw ard delivery for the week are
1,803,900 bales. For im m ediate delivery th e total sales foot

up this week

9 ,391.1

bales, including ---- for export, 2,79b

for consum ption, — - for speculation and 6,800 on contract,
The following- arc th e official quotations for each day of the
pad, week—A ugust 53 t o A ugust 28.
On the basis of the rates on and off m iddling as established
by the Revision Com m ittee, the prices for a few of the
grades Would be as. follows:
U PLAN D S.

N a l.

G o o d O r d in a r y ........................
Low- M M t H n r ........ ...........................
M ld it iii,.- .................... ..........................
G o o d M M -H tng..................................
M M d ltm r F a i r . ..................................

1H

a f lt .il T tt« 5 «
7%

1 l«.

I 'M .

■ >
J h -s

7 > i,
7 * - ,«
S -ha
K l*
9L» 1

7
7%
8
»*< „
8%
F r i.

g u
nq

| ) .

S a l.

M on

rue*

M id

T k ,

7H
SH

?•••»
38j
9=s

7 lu

7 7 ,«

7H

9 - ,s

7’s
8M
§ » is

8H

G ULF.

W ed

74j
8
8%
8 H l*

G o o d O r d in a r y .................................
L o w M i d d l i n g . . ............... ...............
M id d lim -..............................................
G o o d M id d li n g ..................................
M id d lin g F a ir ............................

U

8S
t ur

OH

oh

S T A IN E D .

to u t .

L e w M id d lin g ........ ........... ................
M id d li n g ...............................................
e t r b -t M id d li n g ........ ........... ...........
\ M iiLifOiic i
___

7%
8 T*
8U S
8*1

M o il V o e ii
7%

7%

3«s

8%
S» 9%

m

8%
9B «

S i 1®
I ’d *
9*1*

DH
04 ,

Oh

«> d

T il*

F r i,

* • * !«
fl*
T * '1 !
6 * f*

e> »«

37,,
7 J i3
9’,.

DH
* A t
8

M IU U E T AN D SA LE S,

The total sales of cotton on th e spot and for future delivery
each day during the week are indicated in the following
statem ent. For the convenience of the reader we also add
a column which shows a t a glance how the m arket closed on
same days.
MULES o r Sl-ot u b

l nXTIUOT

I

m a n M A jnurr

curat, o.

Bat*fi s >- tiu ii
Mon,!,.;-. q,iict St As dec.
T uesday q u i e t ................
W ed’d a j Ira n » t
d ec.
...........
J- - lo lft :v- x,* d e e
T o tal.

.......

'

f'r
C on j fo rt. ; m m p
36
700

Sftec-

nl*fn

. ..... 1
....

2.3(H)
900

.....

: ,m m

amt-

...
. ..

(Inntra c t. . * 9 tm -

850

%7&0

....

5 .9 0 0

Bale* o f
\ Futures.
in ,to o

35,
3 ,0 0 0
1,2601
2 ,6 0 0
- 40)

3 3 3 ,1 0 0
2 0 4 ,1 0 0
2 3 9 .1 0 C

n ir*

2 0 1 ,1 0 0

2 3 2 ,4 0 0

B.MlOl 1 .3 0 3 ,9 0 0

'I n c l u d e s s a le * In S e p t e m b e r , f o r S e p t e m b e r , 1 5 ,3 0 0 : S t q d m n b o r
O c t o h o r . f o r O c t o b e r , 5 1 8 , (MW; H r n t e m b o r - N o y o t n b e r , f o r N o v e m b e r ,
• t l,,2 0 0 -, S e p t e m b e r - D e c e m b e r , f o r D e c e m b e r , I ,(1 9 7 ,2 0 0 : S o jit e r n b o r j a n g a r y , f o r J a n u a r y , 5 1 , 1 1 3 ,1 0 0 : S t m f e m b e r - F a h r a a r y , f o r F e b r u a r y
0 2 7 ,7 0 0 : S ' - p t , M
f o r M a r c h , 1 i , 0 1 2 , 0110: S e p t e m b e r - A p r i l,
fo r A p ril,
—up S e p t e m b e r - M a r , f o r M a r . (1 ,1 5 1 ,1 0 0 ; S e p t e m b o r J i m o , f o r J u n e , i . z z t.iO O j S e p t e m b e r J i ff y , t m J u l y , 8 7 3 ,4 0 0 .

Z W For exchanges see page 368.
The Visible S upply of Cotton*to-night,as nt 1 1 *up by cable
and telegraph Isas follows. The Con tin «U-al stocks, as well as
those for Grout Britain and the afloat- are this week's returns
and oonsequently all the European figures are brought down
to Thursday evening. Bu t t >mik:' the totals the complete
figures for to-night (Aug. 38-, w >a l l the item of exports from
the Unite l States, including in it the experts of Friday onlyi

THE CHRONICLE.
18 93.
1894.
18 9 5 .
1896.
5 1 5 .0 0 0 1, 2 2 9 .0 0 0 1 ,0 3 2 .0 0 0 ,1 6 2,000
9 to o k a t L iv e r p o o l........b a le s .
6 ,0 0 0
15,0
0
0
12,0
0
0
3
.0
0
0
B took a t L o u d o n .........................
T o ta l G re a t B rita in s to ck . 5 IS ,0 0 0 l,,2 4 1,000 1..0 4 7 ,0 0 0
12,000
3 3 ,0 0 0
3 1 ,0 0 0
3 3 ,0 0 0
S to c k a t H a m b u r g .....................
9 1 .0 0 0
9 7 .0 0 0 2 0 1 .0 0 0 1 1 0 ,0 0 0
S to c k a t B r e m e n ........................
1 5 .0 0 0
11,0 0 0
1 4 ,0 0 0
6 ,0 0 0
8 t« c k a t A m s te r d a m ................
200
100
2
0
0
2
0
0
S to c k a t R o t t e r d a m ..................
9.000
1 5 .0 0 0
1 8 ,0 0 0
6 .0 0 0
S to c k a t A n tw e r p .......................
3
1
7
.0
00
3
2
9
,0
0
0
3
4
8
,0
0
0
1
5
0
,0
0
0
B took a t H a v re ...........................
7.0 0 0
6 ,0 0 0
6 .0 0 0
4 ,0 0 0
S to c k a t M a rs e ille s ....................
1
0
0
.0
00
7
4
,0
0
0
6
0
,0
0
0
6
2
,0
0
0
S to c k a t B a r c e lo n a ....................
1 9 .000
13,000
2 4 ,0 0 0
4 0 ,0 0 0
S to c k a t G e n o a ............................
2
9
.0
0
0
3
6
,0
0
0
3
8
,0
0
0
3
7
,0
0
0
S to c k a t T r ie s te ...........................
1 1 9 .2 0 0 7 5 9 ,2 0 0 6 2 7 ,1 0 0 6 3 2 ,2 0 0
T o ta l C o n tin e n ta l sto ck s.
9 3 7 .2 0 0 2 ,0 0 0 ,2 0 0 1 ,6 7 4 ,1 0 0 1 ,8 0 0 ,2 0 0
T o ta l E u r o p e a n s to c k s —
3 2 .0 0 0
4 3 .0 0 0
3 6 .0 0 0
2 5 .0 0 0
I n d ia c o tto n a flo a t fo r E u ro p e
4 8 .0 0 0
19.0 0 0
3 6 .0 0 0
4 6 .0 0 0
A m e r.o o tto n a flo a t fo r E u ro p e
3 1 .0 0 0
12.000
1 4 .0 0 0
E g y p t,B ra z il,4 :o .,a flt.fo r E 'p e
3 ,0 0 0
S to c k in U n ite d S ta te s p o r ts . 1 9 7 ,5 0 3 2 9 0 ,7 5 6 1 8 3 ,7 6 2 2 3 9 ,8 0 8
74,501
56,3 6 0
3 1 ,7 3 2
S to c k In U. S. In te rio r to w n s .. 110,181
2,2 8 0
356
972
U n ite d S ta te s e x p o r ts t o - d a y ._________________________________________
T o ta l v is ib le s u p p ly ........... 1 ,3 1 9 ,8 6 1 2 ,3 9 4 ,7 3 8 2 ,0 0 5 ,5 8 4 2 ,2 2 7 ,7 8 9
O f th e a b o v e, to ta ls o f A m e ric a n a n d o th e r d e s c rip tio n s a r e a s fo llow s:

fYOL. L X IIl.

Q u o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s , —

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
C L O SItfO Q U O TA TIO N S F O B M ID D L IN G CO TTO N O N -

Week en d in g
A u g u st 28.

S atur.

G a lv e s to n . .
N ew O rle a n s
M o b ile ........ .
S a v a n n a h ..
C h a r le s to n .
W ilm in g to n
N o r f o lk ___
B o s to n ........
B a l tim o r e .
P h ila d e lp h ia
A u g u s t a ....
M e m p h is ...
St. L o u i s ...
H o u sto n . . .
C in c in n a ti.
L o u is v ille ..

8
8
71*16
7 U ,«
7**ic
7Lj
7^4
8*%
8*2
8 78
8
7 7s
8
8
8
7%

M on.

Tue8.

Wednes.

Thurs.

F r i.

8
7 78
7 * I,e
7**16
7k!

74»
73i
7*18
7*2
7%
7^

7%

7\

8**s
8*2
8^8
8
7%
8
8
8
7%

S*8
8*3
8=8

7=8
7*>8
7*8
7*4
7*8
7*2
7*4
8*8
8
8 716
7*2
7**16
7*4
7*4
8
7*4

7^
77 ir
7*4
7*4
7*4
7*2
7*8
8*16
8*4
8 716
7%
7*8
7*4
7*8
7 78
7%

7*2
7hs
7*16
7*8
7*16
7*3
7*3

7\

758
7 7r
7\

8
7%

8*4
8*4
7*4
7*8
7*4
7*2
7 78
7*8

A m er ica n —

The closing quotations to-day (Friday) at other important
8 5 8 .0 0 0 9 0 5 .0 0 0
L iv e rp o o l s to c k .............. b a le s
3 8 7 ,0 0 0 1 ,0 9 4 ,0 0 0
C o n tin e n ta l s to c k s ..................
3 0 3 ,0 0 0 6 6 2 ,0 0 0 4 5 5 .0 0 0 5 0 1 .0 0 0 Southern markets were as follows.
4 8 ,0 0 0 A t l a n t a ..............
3 6 ,0 0 0
A m e ric a n a flo a t fo r E u r o p e ..
4 6 ,0 0 0
19,0 0 0
N a tc h e z ...........
7
E u f a u l a ..............
7
7*4
U n ite d S ta te s s to c k ...................
1 9 7 ,5 0 8 2 9 0 ,7 5 6 1 8 3 ,7 6 2 2 3 9 ,8 0 8 C h a r l o t t e ..........
7*2 L i ttle R o c k ___
7*4 R a l e ig h ............
7*4
7 4 ,501 O o lu m b u s, G a .
5 6 ,3 6 6
U n ite d S ta te s in te r io r s to c k s . 1 1 0 ,181
3 4 ,7 8 2
S e lm a .................
6 7r M o n tg o m e ry ...
7
7*4
2,2 8 0 C o lu m b u s. M iss
356
........
U n ite d S ta te s e x p o r ts to - d a y .
972
N a s h v ill e ..........
7
7*8 S h r e v e p o r t___
7*16
T o ta l A m e ric a n ................... 1 ,0 4 4 ,6 6 1 2 ,1 0 0 ,5 3 8 1 ,5 8 9 ,4 8 4 1 ,7 7 0 ,5 8 9
R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following table
E ast I n d ia n , B ra zil , <£c.
L iv e rp o o l s to c k ........................... 1 2 8 ,0 0 0
1 3 5 ,0 0 0
1 7 4 ,0 0 0 2 5 7 ,0 0 0 Indicates the actual movement each week from the plantations.
L o n d o n s to c k ................................
3 ,0 0 0
1 2 ,0 0 0
1 5 ,0 0 0
6,0 0 0 The figures do not inolude overland receipts nor Southern
C o n tin e n ta l s to c k s ................
1 1 6 ,2 0 0
9 7 ,2 0 0
1 7 2 ,1 0 0 1 3 1 ,2 0 0 consumption; they are simply a statement of the weekly
2 5 ,0 0 0
3 6 ,0 0 0
4 3 ,0 0 0
3 2 ,0 0 0
I n d ia a flo a t f o r E u r o p e ............
E g y p t. B ra z il, & e., a flo a t........
3 ,0 0 0
1 4 ,0 0 0
1 2 ,0 0 0
3 1 ,0 0 0 movement from the plantations of that part of the crop which
4 1 6,100 4 5 7finally
,2 0 0 reaches the market through the outports.
T o ta l E a s t In d ia , & c........... 2 7 5 ,2 0 0 2 9 4 ,2 0 0
T o ta l A m e r ic a n ................... 1 ,0 4 4 ,6 6 1 2 ,1 0 0 ,5 3 8
1 ,5 8 9 ,4 8 4 1,77 0 ,5 8 9
vVeek
Receipts at the Ports. St'k at Interior Towns. Rec'pts from P la n fn s.
T o ta l v isib le, s u p p l y .......... 1 ,3 1 9 ,8 6 1 2 ,3 9 4 ,7 3 8 2 ,0 0 5 ,5 8 4 2 ,2 2 7 ,7 8 9
43:i..d.
4:%d.
M id d lin g U p la n d , L iv erp o o l.
31s, 6d.
Ending—
4*°;(Sd.
1894.
1895.
1896.
1894.
1894.
1895.
1896.
1895.
1896.
M id d lin g U p la n d , N ew Y o rk
71316o.
8o.
831Po.
6 7ao.
E g y p t G ood B ro w n , L iv erp o o l
5 3isd . •July 2 4 ........ 3,921 2,734 6,808 65,945 53,396 82,980
63 ,. d.
6*ad.
4l3 ,g d .
1,863
P e ru v . R o u g h G ood, L iv erp o o l
6 3 .6d.
5 H i6d.
6 is d .
59igd.
3,944
5,539 62,859 47,202 78,164
1,760
723
”
3 1 ........
85S
B ro a c h F in e , L iv e rp o o l............
4*sd.
3 '6 ,„ d .
313led.
4 ‘32d.
Aug.
7
........
5,732
59,935
2,137
4,930
43,742
76,890
2,808
3,656
T ln n e v e lly G o o d , L iv e r p o o l..
4
q
d
.
35sd.
3%
a.
4932d.
' The imports into Continental ports the past week have
been 24,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 1,074,877 bales as compared with the same date
of 1895, a falling off of 685,723 bales from the corresponding
date of 1894 and a decrease of 907,928 bales from 1893.
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week and since September i, the shipments fo the
week and the stocks to-night, and the same items for the
corresponding period of 1894-95—is set out in detail below.
®OS
^ 10

b

e g e - f ? f E§- ? p f c |
p," p- -

H

H

®

££?
„ >■
£ .. . . „ s S g .
-on - a - g ;
‘ * - - -I*® 2 '
CCf 9
|
li
PS
: I: S : ST: : : : : 2 * * :

©

Q
H
o

• K

I

7,213
14,122
25.173

1,749
2,715
6.803

16,370 56,939
36,961 55,819
68.557 56.386

41,714 76,547
35,157 89,793
34.782 110.181

g

t>
hj
s

2 05
*
C
r
►
; ; • ; ob •

; J
MHOl
to
m to
! 1000
CO
OOOIC5
• *^OtOtOCO*-3tOOOOOCOCD<JtOtf^
• to O

©»—
*>—
*• O* W ©» *0 M

00

O U lv'l..*

A u g u st 28

§ ^

to O'1 to

o o
tot«
C5cn

03C5J'tOO OCOCJiO"OsCOifiktti th toCCifi CO<-*

© *■
—t-« m
•
® WHO ! qoc“-*o* t o c o
*5.73
•-* twto QUO• o -1 COCO Ci*** o COO C3-1

to

M to;

CO bo MM •

to M03 CO^1
tOCS^OlCl

,03. . . CD

0

si
s S£ »

.

MM
M
M
M-COIU Ctrfi. too*#.

* Ito u isv ille ftg u re s • • n e t ” in b o th y e a rs .
♦ TUia y e a r ’s fl^ u re a e s tim a te d .
I L a s t y e a r ’s fig u re s a r e fo r N e w b e rry , S. C.

V ia L o u is v ille ........................ ...........
V ia C in c in n a ti..................................
V ia o th e r ro u te s , &o......................

50
172
263

5 5 9 ,2 8 2
2 4 5 ,6 0 6
1 9 ,955
1,681
1 3 8 ,6 0 1
1 2 2 ,4 5 1
9 2 ,7 3 7

4 ,0 8 0 1 ,1 8 0 ,8 1 3

O v e rla n d to N . Y ., B o sto n , & c..
B e tw e e n i n t e i i o r to w n s ...............
I n la n d , & c., fr o m S o u th ...............

l ‘l0 4

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

T o ta l to b e d e d u c t e d ................

8

1,1 1 2

3 3 8 ,9 7 7

L e a v in g to ta l n e t o v e rla n d * ..
2.9 6 8 8 4 1 ,3 3 6
In c lu d in g m o v e m e n t b y r a i l to C a n a d a .

Week.

S ince
Sept . 1.

965
1 94
2 19
125
948

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

2,451 1 ,8 4 8 ,1 3 8
58 5
5
698

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

1 ,2 8 8

6 9 7 ,5 1 6

1 ,1 6 3 1 ,1 5 0 ,6 2 2

The foregoing shows that the week’s net overland movement
this year has been 2,963 bales, against 1,163 bales for the
week in 1895, and that for the season to date the aggregate net
overland exhibits a fallinv off from a v-ar ago of 3' 9,286 bales.
1895-96.
I n S ight a n d S p in n ers’
T a k in gs.

C<5
C.J R e c e ip ts a t p o r ts to A u g . 2 8 .........
O N et o v e rla n d to A u g . 2 8 .................
M S o u th e rn c o n s u m p tio n to A ug. 28

w o # -; cicico
w cob
Mto-si

X
^ to
10^o m
^ ^ -^1 - ^J ^m co ccc*1
-•ft.'• “*O r . x9 X
o V r^ -IO
5 ^

3,295
300

T o ta l g ro s s o v e r la n d .................

*om 2 >
- l o o ?Ccc
COCOCO

t®'5
o47o7277'
j * . o*to

V ia S t. L o u i s .....................................
V ia C a ir o ............................................

D educt sh ipm en ts -

S ?*w ®
9? S'5
^ ® 01 ^ <*■ M►-cx>Ci o: ci^ co to os c~£ >-*
O'K!o» t«O
l®SmSomSoo®£ S
tO—
1>-1COCt X' OhO*COCOC rn
t-.*.
tcco^lisih
CJ-lCO>g-v|CO
'—
1MCOO CO
<1 I—
<• lb. ' o*
CO;
—
J —
1!. to
C* T —Cil to
c*
to • CC<1coo< •

1 894-95.

S hipped—

tc or co • m <j <yi
o«Oio! <ioo
o - l to. O M O

JO-*Wr-tO
M
wco^* to
to MCO
'o 'b y i'c b to
co to*och
<1 cob* ot co co
--1vi rrv.r r.r
5?®: ^0»®to^tn©coo O
o >V^ -----? o w o iH H»—
O’a'6 oi*5Tt:dviQbi£coS

S ince
Sept. 1.

W eek.

Ch00 tv tO O O Oi tO O W -3 C5

-o»cs; o»toccow C 50co^
C7CO»- • o - i ’.o ——C50»c ro

6.42S

16,027
50,207
88,945

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1895, are 5,415,237 bales; in
1894-95 were 7,857,941 bales; in 1893-94 were 5,961,893 bales.
2.—That although the receipts at the outports the past week
were 88,557 bales, the actual movement from plantations was
88,945 bales, the balance going to increase the stooks at
the interior towns. Last year the receipts from the plantation s
for the week were 6,438 bales and for 1894 they were
25,720 bales.

1895-96.
to

4,217
13,002
25,720

We give below a statement showing the overland movement
foi ths week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as m our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
honthly statements. The results for the week ending Aug. 28
in d since Sept. 1 in the last two years are as follows.

• s-

®

1 4 ........
2 L........
28. . . .

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 .—

ZU KJ/ t f r—*j, p

o § ®s-g'ag b s 3.®g b s g.®
e®
t js ®
S-BP
®.5.?.

grass 3

“
*
“

<6

Week.

S ince
Sept. 1

1894-95.
Week.

Since
Sept. 1.

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

6,803 7 ,8 8 0 ,4 9 4
1,163 1 ,1 5 0 ,6 2 2
1 2 ,0 0 0 7 7 2 ,0 0 0

T o ta l m a r k e t e d ...........................

7 9 ,525 7 ,0 8 8 .0 9 2
7 7 ,481
2 0 ,388

19,966 9 ,8 0 3 ,1 1 6
* 375
t2 2 ,5 5 3

C am e in to s ic h t d u riirg w e e k .
T o ta l in s ig h t A u g . 2 8 ...............

9 9 ,913

19,591

gg.

7,16 5 ,5 7 3

5 ,f3 8 1 ,6 4 5 ,5 3 3
N o rth ’n s p in n e r s t a k ’gs to A u g .28
D e c re a s e d u r in g w e e k .
1 L e ss t h a n S e p t. 1.

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

The above totals show that the interior stocks h a v e increased
during the week 20,388 bales and are now 75,399 bales more
It will be seen by the above that there has come into sight
than at same period last year. The receipts at all the towns during the week 99,913 bales, against 19,591 bales for the
ftee D
1 8 7 ^ I w Tbales
T 1 less
t h tt hh a n forWs a6 m
6 kelat iSmt ye e ianr a1894-95,
n d s i n c e same week of 1895, and that the decrease in amount in sight
S
p tt. ^1aarree 1,872,164
to-night as compared with last year is 2,614,990 bales.

A ugust 29, 1896.]

THE CHRONICLE

367

Weather Reports By Telegraph.—Advices to us by tele­
Madison, Florida.—It has rained on two days of the week, the
graph this evening fro n the South area little more favorable. rainfall reaching sixty hundredths of an inch. The ther­
has averaged 84, ranging from 76 to 93.
There has been rain ia almost all districts during the week, mometer
Savannah, Georgia.—We have had rain on four days of the
and at some points, more particularly in Texas and Tennessee, week, the rainfall being two inches and fifty-five hundredths.
the crop is reported to have been benefited thereby. Picking Average thermometer 81, highest 96, lowest 06.
Augusta, Georgia.—There has been rain on four days of the
is making excellent progress and cotton is being marketed
week to the extent of two inches and sixty hundredths. The
quite fretly.
thermometer has averaged 81, the highest bjing 95 and the
Galveston, Texas.—There has been rain on one day during lowest 64.
Charleston, South Carolina.—It has rained on four days of
the week, the precipitation being one hundredth of an inch.
the week, the precipitation reaching twenty-two hundredths
The thermometer has averaged 83, ranging from TO to 94.
of an inch. The thermometer has ranged from 72 to 91,
Palestine, Texas.—Telegram not received.
Huntsville, Texas,—It has rained on three days of the averaging 80.
Stateburg, South Carolina.—Picking and marketing are
week, the precipitation reaching sixty-two hundredths of an
progressing rapidly. Rain has fallen on three days of the
inch. Average thermometer 83. highest 100 and lowest 65.
week,
to the extent of ninety-seven hundredths of an inch.
Dallas, Texas.—There has been beneficial rain oo two days
of the past week, the precipitation being one inch and sixty- Average thermometer 79, highest 94, lowest 65.
Greenwood, South Carolina.—We have had rain on two
seven hundredths. The moisture has improved late cotton.
The thermometer has averaged 84, the highest being 104 and days of the pat-t week, the precipitation reaching one inch
and ten hundredths. Tne thermometer has averaged 79, the
the lowest 63.
San Antonio, Texas.—The week’s precipitation has been highest being 94 and the lowest 68.
Wilson, North Carolina.—It has rained on one day of the
two inches and seventy-two hundredths, it having rained
heavily on one day. The thermometer has averaged 85, week, the rainfall reaching seventy hundredths of an inch.
The thermometer has averaged 83, ranging from 64 to 96.
ranging from 73 to 98.
The following statement we have also received by telegraph,
Luting, Texas.—Cotton is doing very well and opening
rapidly. It has rained lightly on one day of the week, the allowing the height of the rivers at the points named at
rainfall reaching thirteen hundredths of an inch. The ther­ 8 o'clock August 27, 1896, and August 39, 1895.
mometer has ranged from 73 to 96, averaging 84.
A u g . 27, *96. A u g . 29, *95.
Columbia, Texas.—We have had good rain on two days of
Feet.
Feet.
the week, the precipitation reaching fifty-right hundredths New Or'.ean*.......
5-6
1*6
of an inch. Average thermometer S3, highest 93 and low­ Mem phi« ..............
9-9
2-6
Sa* tortile..............
1*9
3*3
est 71.
*2*5
7*2
Cuero, Texas.—The drought still continues. The ther­ Shreveport........
Vicksburg.........
3*7
14-8
mometer has averaged 86, the highest being 99 and the low­
* B elow aero o f usage.
est 72.
Brenham, Texas.—The week’s rainfall has been twenty-five
C o t t o n C r o p C i r c u l a r . —Our Annual Cotton Crop Review
hundredths of an inch, on one day. Tne thermometer has will be ready in oircular form about Wednesday, Sep:. 9,
averaged 87. ranging from 74 to 100.
Temple, Texas.—Continued good rains will be required to Parties desiring the circular ia quantities, with their business
improve cotton. There has been rain on tw >days during the card printed thereon, should send in their orders as s u n as
post week, to the extent of twenty-five hundredths of an inch. possible, to ensure early delivery.
The thermometer has ranged from 70 to 100, averaging 86.
Fort Worth, Texas.—We have had beneficial rain on two
J ute Butts, BAOai.su, &o.—The market for jute bagging
days .during the week, the rainfall reaching one inch and has been rather quiet the past week but at unchanged prices.
fifty hundredths. Average thermometer 83, highest 103 and Quotations this evening are SJ-jb. for l-l£ lb?., 5V£c. fir 2 lbs.
lowest 64.
and 8c. for standard grades in a jobbing way. Car-load lots
Weatherford, Texas.—There has been a general rain, doing of standard brands are quoted at 5l£j. for I'dslbs., 510. for
good, on three days of the week. The precipitation reached 3 lbs. and 0;. lor 2 I4 lb?., f. o. b. at New York J.ite butts
one inch and fifty five hundredths. The thermometer has are Inactiveat l l-16h*l}(fo. for piper quality and l;!^@l/gO.
averaged 82, the highest being 101 and the lowest 64.
for mixing.
New Orleans, Louisiana.—We have had rain on one day of
Ls d i a Corrox M o v e m e n t F r o m a l l P o r t s . — The reoeipts
the week, the rainfall reaching sixty-three hundredths of an
and shipments of cotton at Bombay have been as follows for
inch. The thermometer has averaged 83.
Shreveport, Louisiana.—Rain has fallen on five days of the the week and year, bringing the figures down to Aug. 27.
S O K R A T R S C R IP T S AMD S H IP M K X T S F O R P O O R T E A R S .
week, to the extent of twenty-two hundredths of an inch.
The thermometer has ranged from 72 to 103. averaging 84.
S h ip m e n ts th is w eek. | S h ip m e n ts s in e s Sept. 1.
R eceipts.
Columbus, Mississippi.—The crop is still failing. We have
reat C o n ti■ _
.
Q r ta t
C onti- | _ , ,
ThU
S in c e
had ram on one day of the week, tne precipitation being four F#«r BGriC
T otal.
n . n e n l. T otal. B r ita in n e n l.
W eek. S tp t. 1.
hundredths of an inch. Average thermometer 84, highest
102 and lowest 66.
•9ve
2.000 2,000 74,000 718,000 792,000 8 ,0 0 0 2.148.000
........... ...........t 28,000 493,000 521,000 9.000 1.532.000
Leland, Mississippi.—The week’s rainfall has been one inch *94 5
i ‘,000 2.000 3,000 47.144 837,730 884,874 5.000 1,791,175
and five hundredths The thermometer has averaged 80, the *93-4
*92-3 ......... 2.000 2,000 43,525 801,139 844,664 4.000 1,730,494
highest being 98 and the lowest 65.
Aooording to the foregoing Bombay appears to show
Vicksburg, Mississippi.—We have had rain on two days
during the week, the rainfall reaching sixty-four hundredth? a decrease compared with last year in the week's receipts of
of an inch. The thermometer has averaged 82, ranging from 1,000 bales and an Increase in shipments of 2,001 bales, and
the shipment? sioce Sept. I show an increase of 371,010 bales.
69 to 98.
Little Bock, Arkansas.—It has rained on two days of the The movement at Calcutta. Madras and other India ports for
past week, the precipitation being twenty hundredths of an the last reported week and since the 1st of .September, for two
inch. The thermometer has ranged from 60 to 100, averaging vears, has been as follow?. "Other ports" cover Ceylon,
84.
Tutioorln, Kurrachee and Cooonada.
Helena, Arkansas.—Rain has fallen lightly on three days of
S h ip m e n ts f o r the toeek.
Shipments sin c e Sept. 1.
the week, on one of which heavily, the rainfall beingone inch
and thirty hundredths of an inch. Very heavy rain in the
G reat
C o n ti­
G reat
Total.
T otal,
B r ita in .
n en t.
B r ita in . C o n tin en t,
neighborhood. Average thermometer 74, highest 92, lowest
58.
Qaloutta—
Memphis. Tennessee.—We have had light rain on three
3.000
1895-96...
3,000
11,000
90,000
101,000
1894-95...
1,000
1,000
8,000
46,000
days of the week, the rainfall reaching forty-two hundredths
54,000
Mswl
ran—
of an inch. There has been more moisture in the surrounding
1,000
1.000
1895-96...
11,000
17,000
2,000
31,000
districts. The rains will improve the condition to the exient
1894-95...
2.000
4,000
18,000
2,000
16,000
31.000
of making young bolls mature. Picking U general and mar­ 411 other*—
1895-96. .
2,000
4,000
6,000
117,000
28,000
145,000
keting' active. The thermometer has averaged 786, the high­
1,000
112,000
1894-95...
6,000
7,000
33,000
145,000
est being 98 6 and the lowest 62*8.
Nashville, Tennessee.—There has been rain during the week Total all—
224,000
277,000
53,000
to the extent of sixty-four hundredths of an inch. The ther­ 1895-96... 3.000 9,000 11,000
1894-95...
3.000
9,000 12,000
57,000
170,000
233,000
mometer has averaged 77, ranging from 59 to 94.
Montgomery, Alabama.—We have had rain oo three days
The above totals for the week show that the movement fro m
of ths we->k, the precipitation reaching one inch and flfiy- the ports other th.a Bombay is 1,'KK) bale? less than the same
four hundredths. The rain was of very little benefit. Aver­ week last year. For the whole of India, therefore, the total
age thermom-ter 82, highest 92 and loweet 73.
shipments?in » dipt? nbar l, 1891, and for the corresponding
Selma, Alabama.—Riin has fallen on two days of the periods of tho tw >previous years, are as follows.
week, to the extent of seventy-five hundredths of an inch.
s v p o a r s to R naoP K f r o m a l l in d ia .
The i hermnmeter has averaged 80, the highest being 93 and
1893-94.
1994-95.
1895-96.
the lowest 67
S h ip m en t *
Mobile, Alabama.—Rain has fallen on six days of the week, to a ll K urope This
Thi»
Sin ce
S
in
c
e
Since
This
fr o m —
»he precipitation being two inches and nine hundredths.
w eek.
w eek.
week.
Sept. 1.
Sept. 1.
8ept. 1.
There have been good rains in the interior, but it ia claimed
521.000
3,000 094,874
that ibey have been of little or no benefit, Picking is mak­ B om b a y ......... 2,000 702.000
14,306 341,300
ing good progress, the thermometer has ranged from 69 to All o th e r p o rt" 11,000 277.000 12,000 2.33.000
averaging 82.
Total
13.000 1.069.000 12.000 754,000 17,300 1.220,180

THE CHRONICLE.

368

A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s . — Through arrangemeats we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The followir g
are the receipts and shipments for the past week and for t .e
corresponding week of the previous two years.
A lexa n d ria , E gypt,
A u gu st 26.

R e c e ip ts (c a n ta r s * ) ....
T his w e ek .....................
S in c e S e p t. 1 ...............

E x p o r ts tb a le s l—
To L iv erp o o l
To C o n tin e n t! . . .
T o ta l E u r o p e ..

1893-94.

1894-95.

1895-96.
5 .0 0 0
5 ,2 1 0 .0 0 0

3,0 0 0
4 ,5 4 2 ,0 0 0

1
i

1,000
4 ,9 3 3 ,6 6 6

i

Since
This 1 Since 1 This
ioeek. Sept. 1. week. Sept. 1.

Since
This
week. Sept. 1.

-

.......... 3 3 6 ,0 0 0
1,0 0 0 3 4 1 ,0 0 0

1,0001277,000!
........ 35 i, 0 0 0

1,000 311 4 25
1,000 3 52,782

..

1,0 0 0 0 7 7 .0 0 0

1 ,0 0 0 6 2 9 ,0 0 0

2 ,0 0 0 66 1 ,2 0 7

* A o a n ta r I s 9 3 p o u n d s .
___
t O f w.'iioh to A m e rto a ln 1 5 9 5 -9 6 ,5 9 ,5 0 6 b a le s; in 18 9 4 -9 o , 4 1 ,5 7 0
b a le s: In 1893-91. 2 9 ,1 9 9 b a le s.

This statement shows that the receipts for the week ending
Aug. 26 were 5,000 cantars and the shipments to all Europe
1,000 bales.
M a n u h e s t e r M a r k e t .— Our report received by cable to-night
from Manchester states that the market is steady for yarns
and qui-t for shirtings. The demand for India is poor. We
give tne prices for to-day below and leave those for previous
weeks of this and last year for comparison;
1895.

1896.

8*4 lbs.

Shirt- Oott'n
32* Oop. ings, com m on Jlid . 32* Oop.
Tioist.
Twist.
' to fin est.
TJplds

d.

d.

8.

J'y 24 GI-q'SOISiq 4
“ 31 0i$ '®7:i 16 4
A ng.7 67l6a>738 4
“ 14 6 11io ® 758 4
“ 21 6i318a>778 4
“ 28 6 13lfl'®77e 4

d. s. d.
3 @6 7
3 ^sd>6 S
4 13 ^ 6 9
6 ®6 lO 1^
7 •a>7 0
7 Tbl 0

8 H lbs. Shirt­ Oolt’ rt
in g s , com m on Mid.

b. d. s
4 lig ®6
4 1
414 5 7i « ® 65 (0 4 1 'WQ
4!3 32 59 iq 3>67lfi 4 U 3 ® 6
42130 5 1116® 6 *10 4
415-v 5 78
4 3 3>6

a,

d.

V p ld

to fin est.

d.

325^2 53s a>63s
3 * % 2 5 5 3>6l4

a.

d.
2
1
1
2
5

3 U ls
3 3 3 S2
325., s

329:i2
41,6

6

4 9 32

M o v e m e n t , — We

have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Aug. 28) and since
Sept, 1, 1895, the stocks to-night, and the same items for the
corresponding periods of 1891-95, are as follows.
Sea I sla n d C otton

1895-96.
R eceipts to A u g . 28.

1894-95.

StOCk

This
This
Since
Since
week. Sept. 1. w eek. 8ep t. 1. 1896

C h a rle sto n , & c...................
F lo rid a , & c..........................
T o ta l...............................

156
1

7 7 ,4 1 9
10 ,6 6 5
4,7 8 3

4

157

9 2 ,8 6 7

1895

2

64,3 0 5
5,361
5,1 7 3

2,231
597
171

4 03
26

6

7 4 ,8 3 9

2,999

429

....

The -sports for the week ending this evening reach a total
of — bales, of which — bales were to Great Britain, —
to France and — to Reval, and the amount forwarded 'o
Northern mills has been 15 bales. Below are the exports
for the week and since September 1 in 1895-96 and 1894-95.
E x p orts
fro m —
8 ’v a n n ’h. A c
C h a r l't'n .& c
F lo rid a , A c.
N ew Y o rk ..
B o s to n .........
B a l t i m o r e ..

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

Weefc E ndin g A u g.28 .
Or eat F r'nce
B rit'n.
<£c.

------

Total.

..........

R orth'n \f<
Week

Sin
Sept

11,648
2,961

2,3 7 6 14,024
64 3,025

i6,iei
7 ,8 7 9
3,717

4 ,7 8 9 26 ’, 9 5 0
7,879
143 3,8 6 0

4 2 ,3 6 6

7 ,3 7 2 49,738

15 40,515

......... 3 5 ,0 9 0

5 ,6 5 0 40,7 4 0

34,956

......

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

T o ta l 1 694-5r ..........

Since Sept. 1, 1 8 9 5
Great F r’ nce
Total.
B riVn.
Ac.

15 35,225
1.682
3 ,6 0 -

A considerable portion of the Sea Island cotton shipped
foreign ports goes via New York, and some small amounts vi
li ston and Baltimore. Instead of including this cotton fc
the week in which it leaves the Southern outports, we folioth.- same plan as in our regular table of including it whe
actually exported from New York, &c. The details of th
shipments of Sea Island cotton for the week will be foun
under the head “ Shipping News,” on a subsequent page,
Quotations Aug. 28 at Savannah, for Floridas, all nominal
Charleston, Carolinas, all nominal.
E x c h a n g e s .— T h e

during the week:

fo llo w in g

exchanges have been made

03 pit. to ex o h . 3 0 0 O c t. fo r J a n .
05 pd. to ex ch , 0 0 Oot. fo r A t
•15 p a . to e x c h . 1 ,2 0 0 N ov. fo r M ch. •06 p d . to excli. . 9100
fo r Oc
•10 p d . to e x o b . 3 0 0 S e p t, fo r Aug. 16 Pd. to e x c h . 1.2 0 0NJ ov.
a n . fo r M
•06 p d . to e x o h . 7 0 0 S e p t, fo r O ct
•08 pd. to e x ch . 100 S e p i. fo r O
E v e n 4 0 0 O ct. fo r D ec.
17 pd. to ex o h .
Tau. fo r Ms
11 pd. to e x o h . 2 ,0 0 0 Sep. fo r A ug. 02 pd. to ex o h . 5 0 0 O
ct fo r An
•04 pd . to e x e b . 1,000 Ia n . fo r Fob. 'Ort pd. to e x ch . ■100
100
Sept,
fo r O
•09 pd . to e x o h . 5 0 0 S e p t, fo r J a n . •27 pd. to e x ch . 3 0 0 A ug. fo
r M
•04 pd . to e x e b . 100 Deo. fo r J a n .
•10 pd. to e x c h . 400 O ct. fo r F«
'1 0 pd. to e x c h . 5 0 0 Sept, fo r J a n . •31 pd. to ex o h .
800
A
ug.
fo
r
M
•11 pd . to excb.l.eoo S e p t, fo r J a n . •30 pd. to e x ch .
•12 pd . to e x o h . 4 0 0 S e p t, fo r A ne. 0 4 pd. to e x c h 4 0 0 A ug. fo r M
2 0 0 D ec. fo r J a
S3 p '? 't0 e x c i‘. 1.500 Oot. fo r Aiie. •09 pd. to e x c h 100 S e p t, fo r 0<
•07 p d . to e x c h . 1 ,3 0 0 S e p t. fo rO e t.

[VOL. LA 111,

D o m e s t i c E x p o r t s o p C o t t o n M a n u f a c t u r e s . — Through
the courtesy of Mr. W. C. Ford, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for June and for
the twelve months ended June 30, 1896, with like figures for
the corresponding periods of the previous year, and give
them belowiu a n titie s o f M a n u fa c tu re s o f C ot­ M onth ending J u n e 80. 12 m os. ending J 'n e 30
t o n ( colored a n d uncolorcd)
1890.
1895.
1891-95.
exported to —
1895-96.
981,108
United K ingdom ......................yards
410,795
G e rm a n y ..................................... "
F rance...........................................
“
42,497
9 th e r countries In E u ro p e .... “
2.562,754
British N orth A m erica.......... “
1,142,237
Mexico........................................... "
Central A m erican S tates and
1,105,476
B ritish H o n d u ra s................... "
23,715
Cuba...................................... ... “
•18,212
Puerto R ico............ ................... “
213,498
Santo D o m in g o ......................... “
616,705
Other W est Indies..................... “
807,113
Argentine R epublic.................... “
995,678
3razll ............................................ “
588,186
United S tates of C olom bia... “
2,321,075
Other countries in S. A m erica "
Oblna.............................................. “ 15,845,830
20,761
Brit. Posses’ns In A u stra lasia “
300,500
British India and E a s t indies “
other c o untries in A sia and
1,058,965
O ceanica.................................... “
ifr io a ............................................. “ 2,860,497
1,248,150
Other c o untries........................... “

T o tal y ards of a b o v e.......
Total values of a bove..........
^alue per y a rd ....................................
Values o f other M a n u fa c tu re s o f
C otton exported to —

United K ingdom ................................
le rm a n y ..................... .........................
F rance..................................................
Other countries in E urope.............
British N orth A m erica........ ..........
Mexico............................. .....................
Central A m erican S tates & B ritish
H onduras........................................
C u b a ................ ....................................
Puerto R ico.........................................
Santo D om ingo..................................
)th e r W est In d ie s ...........................
Argentine Republic..........................
Brazil.....................................................
United States of Colombia.............
Other countries in So. A m erica—
C hina.....................................................
B ritish A u stralasia...........................
B ritish India and E a s t Indies__ _
Other countries in Asia and
O oeanica............ ..............................
kfrloa....................................................
>ther c o u n trie s..................................

283.507
62,527
30,000
35,429
613.3S8
550,146

7.809,779
2,394,732
154,950
1,229,7(0
19,705,804
7,839,195

10,056,427
2,094.911
31,292
487,247
6.437,270
0,437,566

1,134,480
34,790
4,437
61,504
914,810
562.080
742,426
724,288
3,812,357
4,206,508
99,729
179,108

11,899,921
241,039
494,984
2,106,010
12.793.229
3.631,699
12,526,551
7,256,321
27.945,87)
73,261,149
709.416
2,474,930

13.609,433
235,824
207.511
1,439,484
13,727,749
2.332,871
22,533.321
5.522,263
24,434,946
34.672,249
607,574
5.738,928

1,629,197
211.807
605,000

5.963,002
15,405,990
9,080,445

13,335.709
8 315,226
12.000,250

33,227,350

10,554,23'* 225,139,365 184,258,001

U ,7 8 3 ,3 0 h
$•0537

$900,321 $ 1 2,958,30/ $10,479,217
$*0544
$•0569
$•0570

$41,644
11,109
14
2,282
118,301
27,634

$26,858
44,778
2.159
3,321
159,411
10,689

$385,355
106,892
10,5('2
53,928
1,754,002
322,729

$259,280
230,514
10,774
48.830
1,719,871
151,099

24,211
5,048
719
1,756
4,700
5,837
8,532
3,342
4.691
24,162
10,864

24,879
1,145
726
57
5,145
3,707
4.9S4
1,503
6,038
672
8 ,1 2 1
2 38

193,3140,282
6,095
10.119
80,807
41.933
73,7*7
32,772
56.633
189,7:n
118,777
4,881

172,410
43,047
4,734
6,601
73,768
18.209
107,792
33.953
58.035
12,681
89,087
1,828

11,854
2,39.8
2,720

33,713
2.4 L?
1,344

261,807
46,321
16,813

* 288,850
15,440
23,734

Potal value of o th e r m anufao
$312,478
$341,965 $3,879,039 $3,310,593
tu re s o f..........................................
i^g reg ate value of ail cotton goods $2,095,787 $1,242,286 $16,837,396 $13,789,810
F a l l R i v e r M i l l D i v i d e n d s . —In our editorial columns
to day will be found an article showing the results of opera­
tions of Fall River mills during the third quarter and first
nine months of 1896.
E g y p t i a n C o t t o n C r o p .— The following resurm of reports
on the cotton crop in Egypt was issued by the Alexandria
C >t*on Association under date of July 31:
W e h a v e a t l a s t h a d a m o n th o f in te n s e h e a t a n d th e c o tto n p la n ts
h a v e p ro fite d w ell T n e b a c k w a rd n e s s m e n tio n e d iu o u r la s t resu m e
te n d s to d e c r e a s e c o n s id e ra b ly a n d i a so m e d is tr ic ts h a s e v e n d i s a p ­
p e a r e d . E v e ry w h e re t h e fields p r e s e n t a s a ti s f a c to r y a s p e o t a n d th e
flo w e rin g a n d fo r m a tio n of b o lls is p ro g r e s s in g in a r e g u la r w a y a n d
m a n n e r. O n ly in a fo w d is tr ic ts di i m ir h s a n d w o rm s a p p e a r , b u t
th e y w e re p r o m p tly d e s tr o y e d b y th e h e a t w ith o u t c a u s in g a n y d a m ­
a g e w h a te v e r.
I n th e F a y o u m a n d U p p e r E g y p t th e or> p p ro m ise s v e ry fa v o r a b ly .
W a te r in g e n e r a l h a s b *en s u tfid e u t. b u t a d e la y i t ir i g i t i o a w a s e x p e 'ie n o e d in s'u n e o u tly in g lo c a litie s. A t t h ' p -e ie n m o m e n t th e
Nile h a s ris e n to a le v e l w h ic h fo r th is s e a s o n w ill a llo w of m o re e a s y
irr ig a tio n .
E x p o r t s o f C o t t o n G o o d s f r o m G r e a t B r i t a i n . — Below
we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of July and since October 1 in
1895-96 and 1894-95, as comjiled by us from tne British Board
of Trade returns. It will be noticed that we have reduced
the m .v ment all to pounds.
Y a m x T u r tn u i.

OlOLi.

lo ta l o f A ll.

0 0 0 a em itted .
1895-96 1894-95

Lbs.

Lbs.

N o v e m b e r...
b e c e m n e r ...

24,878
23,704
19.893

24,073
22,934

'’o t . l s t q u a r .

1895-90

Y ds.

1895-90

1894-95

Lbs.

Lbs.

85.291
80,667
79,010

91,444
84,390
81,005

110,109
104,431
98,909

08,535

68,291 1,271,953 1,307,353 244,974 257,505

313,509

325,798

• i n a a r y ........
F e b r u a r y ..
M a rc h ..........

22,890
21.421
23,949

25,052
21,597
24,840

84,131 89.59 0
87,117 77,173
84,990 80,000

108,82;
108,538
108,939

114,042
98,770
104,840

Pot.. 2d q u a r .

68,068

71,489 1.332,433 1,280.880:250,238 240,763

324,304

318,252

T o ta l 0 m o s . 130,601 139,780 2,604,386 2,648,239 501,212 504,268

087,813

044,048

100,698
90,507
107,535

101,473
102,077
88,337

jo t o o e r ........

21,2*4

Y d s.

1894-95 1895-96 1894-95

442.847
418,837
410,369

437,480
453,009
441.944

485,509
448,142
433,042

405,164
400,097
415,025

Lbs.

Lbs
115,517
107,330
102,949

vt n y ................
f o n e ................

23,406
21,756
23,078

24,042
25,183
19,740

T o t. 8 d q u a r

68,840

68,918 1,220.470 1,157,599 235,900 222,909

304,800

291,887

T o t a l 9 m o s .. 205,411 208,698 3,830,850 3,805,838!737,172 727,237

942,613

935,935

116,040

113,024

21,131

1 ,0 1 1
19,054

J n y .................

23,573

21.859

401,397
339,010
436,057

483.983

402,038 77,292
399,493 74,8 LI
356,068 83,857

476,407

T o t a l e x p o r t s o f o o t t o n m a n u f a c t u r e s ..........

77,431
76,911
08,597

93.078 01.766

1,081.345 1,009,034

THE CHRONICLE.

A ugust 29 1696 .j

The foregoing shows th a t there has been exported from the
United Kingdom during the ten months 1,081,345,000 lbs,
of manufactured cotton, against 1,039,824,000 lbs, last year, or
an increase of 11,721,000 lbs,
A further m atter of interest is the destination of tha-c
exports, and we have therefore prepared the following
statem ents, showing the am ounts taken by the principal
countries d aring Ju ly and since October 1 in each of fen*last three ye — •:
a x po r ts o t p ie c e g o o d s and T 4 ftsa to p r in c ip a l c o c n t r i b * in
JULY, AND PROW OCTOBER 1 TO JU LY 3 1 .

July,

Piece Goode— T m d*.
(000s om itted.)

1806.

Bmt la d ie s

. . . .........................
T u rk e y . E g y p t a n il jL lrlc a ..,

1805.

1801.

* * , 6 6 5 190,511 i m s .

Chin* and J a p a n .....................

E u ro p e (e x c e p t T u r k e y ) ......
Skmtfe A m e ric a ................ . ....
N o rth
...............
o th e r c o u n t r ie s .................

America,

411

Oct. l m J u ly Si.

«*474 68.732:; 7«,8

m Hi "

•21.0*.>

iO^h 40j

50S.O74)

«0.«37 1

JE4.7«7j jU .421 a 1,329

F>3rR*—L&*.
fOOO* om itted.)
fifout o d . . ...............................
O th . E u rop e (e x c e p t Turkey?
E a u t ln d ie * ..... . . . . . . . . . . . . .
C h ia a an d J a p a n . . . . . . . . . . . .

B P S S tfffifc :" ::::::

2.715:

2.853

s .i t o

4to i7

3,6 U
n ,m t

3.072

3.055

4.237

1J834
SW

2.617

l.lfcO

IJWK

2.0'IS

1

0 3 ,5 1 :
105.1 :•

j Satur.
%

do

M on.

IS®9S4

.......... a

228H
H a v r e , a s k e d ____ e,
D u n k i r k .................. c,
B r e m e n ____ _____ r 19®20t
Do
................... e.
22!

H a t u b a r i f . . . ......... c.
D o S e p .A O e t c .
A m s ’ d a m , a a k e d .s .
R e v a l, v . H a m b ..e .
Do
V. H u l l . . ,d .

Tiies.

....
25!
341
32 i

25+

25t

H

H

W ed n es,

T h u rs.

Fri.

*89954

1S«964

Is»»e 4

25?

25!

25T

>4

“

23f
25!
251
34+
32t

23t
231
25!
34!
32!

231
25 t
25!
341
321

301
»«
%
^2

30 f
5.3
93
5S3

30!
»ss
*e

23i
25f
25+
34!
32t
30!
S:l2
is
5,s

H
2 sT
25+
25+
34+
32t

...

B a r c e l o n a .. ........ rf.
G e n o a ..................... 1i.

9e 4 » 5as
' 5,S
A n t w e r p ................ d .
3<i
G b e n t.v .A n tw ’p .d .:__ >6

«s®
H
Hi

Si.-,01
289,184■ **«?•
2*5,408 as*.o-.ii » C e n ts n e t p e r 1 0 0 lb s .
Liverpool. —By cable from Liverpool we have the following
>!**•<&*». *7«5,wl statement of the week’s sales. «ooks. & t., at. tnat port.
!’ *8%S4ffi 143.4*1

31,325

. 483.98J

T o tal y a rd s .,...
T o tal y a )tie ,... .

1886-06. ISM-96.1 lSKMIk.
11J90O.W9 w
s/ii£m'
).l 5<y.0U: ft’"

369

1u y . 7
SftSSi

3.555

3,«»»
1,100

41.872

3*.74S

O l.a .-v l
3 1 .7 1 3

2 4 ,4 ;
2 1 ,5

V«7 1

>4,107

2u.t«w:

T o ta l t h e ...........

Total vmljj# ...

A " g . 14

83.315

s»,«S WI.BW
«y«j| Si,*! i

A u g . 21. j A u g 28.

2 7 .0 0 0
1 ,8 0 0
1 ,2 0 0
2 1 ,0 0 0 !
8 ,0 0 0
4 0 .0 0 0
6 2 8 ,0 0 0
4 8 9 ,0 0 0 :
2 9 .0 0 0
2 8 .0 0 0
2 4 .0 0 0
3 0 .0 0 0

■13,000
1 ,2 0 0
2 .4 0 0
3 8 .0 0 0
4,0 0 0 :
4 8 .0 0 0
5 8 2 .0 0 0
1 4 9 .0 0 0
8 ,0 0 0
5 ,0 0 0
3 3 .0 0 0
3 0 ,0 0 0 '

3 0 .0 0 0
1 .0 0 0
1 ,9 0 0
2 9 .0 0 0
4 .0 0 0
4 6 .0 0 0
5 4 9 .0 0 0
4 1 9 .0 0 0
1 7 .0 0 0
1 3 .0 0 0
3 3 .0 0 0
3 0 .0 0 0

Q uiet.

Sm all
lurjairv.

Sm all
io<!*iiry*

Dull.

4 ” ,«

417*3

4»5»J

41=13

7 .0 0 0
500

7 ,0 0 0
500

0 ,0 0 0
1 ,0 0 0

8 ,0 0 0
i .o o o

e .o o o
500

S a le s <*f t h e w e e k .............h a le s ,
O f w liid h e x p o r t e r s t o o k —
O f w ttieh s p e o i il a t e r s t o o k . .
S a le s A m e r i c a n .............................
F o r w a r d e d ............................
T o t a l ->. h-Ic— K - n n i »t<-1 ........
O f w h ic h A m e r l c a n - E - t l m M
T o n i im p o r t o R h e w e e k ..........
O f w h ic h A m e r i c a n ..................

4 0 ,0 0 0
1 .S 0 0
2 ,1 0 0
3 3 ,0 0 0
3 ,0 0 0
4 5 ,0 0 0
3 1 5 ,0 0 0
3 3 7 ,0 0 0
1 4 ,0 0 0
1 1 .0 0 0
3 7 ,0 0 0
3 3 ,0 0 0

T he Exports op Cotton from Now York this week show an
m e rm « compared w ith la st w eek, th e total reaching 11,997
O f w h ic h A m e r i c a n . . .............
bales, ag ain st 4.3791 bales last week. Below we givs o r
Cue tons of the Liverpool m arket for spots and futures each
tiiua! table, show ing to e exports of cotto n from S ew York, day of the week en lia g Aug. 3d and the daily closing prices
an d th e direction, fo r each of the la st four week*; also the of spot cotton. have been as follow4.
to ta l exports an d direction tin c e S a p t. 1, 1993, and in th last
S a t u r d a y M o n d a y . T u e t d a y . W o d 'd o y , T h u r s T ', . F r i d a y .
S p o t.
colum n th e to ta l fo r the sam e period of th e previous year,
M r > « T * o ro o tT o w iB * .U M i m o w s e w v o « k u s o i l i r r . 1 , 1 8 9 5
W ee* E n d i n g e x p o r t e d to—

l i v e r p o o l .....................

O th e r B ritis h p o r n
T o t. t o O t, B a r r s .
H a v r e ................... .
O th e r P re a ch p o r t * .,

Aug.
m .

Aug.

Aug.

1*

21.

1, 3 8
150

1 .-4 1
1 ,2 8 0

1 .7G 9 1 1 .3 4 7
, ........ .

2 7 4 .3 2 1
1 0 7 .8 9 2

3 3 7 ,1 3 9
127,5(17

1 ,0 3 6

0 ,0 9 3

1 ,7 6 9 1 1 ,3 4 7

3 8 1,2 9 3

4 0 4 ,7 2 3

275
**••*

3 0 ,5 7 1
300

40*076
1 .3 7 3

3 3 ,7 7 1

4 1 .4 5 1
5 9 .3 0 3
6 0 ,4 3 2
7 5 .3 1 i

049
50
*■*■***! *—■***'
50

375

B r e m e n ....................

......

1 ,7 4 4

2,07*5

O t h e r p o r t s ....................

..........

1 .1 3 3

207

o ta l

B

r ea c h

. ..

Hamoarx.............

T o t a l 9 p a e », A c
G r a jt d T o t a l . . . .
8 u im .N o

T o ta l
Mined
S e p t. 1.

Aug.
7

049

T

974

1,9611

874

1 .9 0 V

3 .2 0 9 ! 1 ,2 8 9

S e w .* .— t h e

4m
50

1 1 6 ,1 2 1
3 4 ," 4 S
5 8 .2 2 8

547

2 0 3 ,2 9 4

....

100
3

8 5 ,8 9 2
2 ,8 25

1 0 V 1 '" ‘
1 .9 * 0

..........

103

8 8 ,5 ,7

1 0 1 ,9 9 2

ex p o rts o f

co tto n

fro m

th e

U n it e d

have reach ed

S o fa r as th e S o u th e rn p o rts a re co n c e r n e d t h e s«

are th e sam e ex p o rts rep orted b y
t h e C h r o n ic l e la s t F r id a y .

te le g r a p h

W ith

regard

and
to

p u b lis h e d i n

N ew

M a rk et, *
1:A4 V. V .{

Y ork

we

n o l u d e t h e m a n i f e s t s o f a l l v e t - s e ls c l o t t e d U p t o T h u r s d a y .

M

)

m q a ir y .

M lA U p t ’ ila,

4 ’ Ns

S a le s — . . .
S pec. A ex p .

5 ,0 0 0
800

Xu b u ye rs’
fa v o r .

F u tu re * .
M a rk et, (
1 :4 5 r . M .j

lrr« K. at S% m Af
Irregalar. a e . t . 1 s i d -m a e ileclm a.
e ila a

M a r k e t* / iG iifil fkSid

4 IK H .

\ im m A ? .

E m f,

S teady,

S teady at S teady at
J-«H ad*
va nee.
Q uiet.

Barely
s t e ii4 j.

vim e e.
Q uiet.

The prices of fu tu res a t Liverpool for each day are given
below. Prices are >a the basis of Uplands, L j w .diddling
clause, unless otherw ise stated.

19 i ^ i H

7 1 0 .7 9 9 __8 0 3 ,4 7 6

4 .3 9 0 1 1 ,9 9 7

S ta te s th e p a s t w e e k . * * p e r P itru t m i l r e tu r n s ,
2 i ,4 1 0 h a l e s .

H am ,
p e r id 'i
p r e v ia u
yea*-

S w tn r.

Amy. 2 2 to

A u g , 2*.

Angojt.

IQTOli,

IDs

1

i;47.

4

rf

d.

d.

d.

T u e«,

1:45; 4
d.

d.

W ed.
1 :4 5

4

d.

d.

T h u r*.

F r l.

1 :4 5

1.45 4
I*. M. P. M. I*. M. r*. M. r . m , r . x .

1 3 S t 4054 3 4 t 2 9 - 4 3 8 4 2 9 I 2 7 4
A a g .- 3 e p L .. l 3 5 1 17 4 :0 4 20 4 21
4 32 1
S o p h -O u t.... 1 2 9 1 8 1 4 2 1 4 49 t let t 19 4 18 4
O e L - J f o v . . . 4 2 - 1 2 9 4 2 1 ,4 17 » I S » 17 1 1 1 4
Nor.-Ooe.. l 2 9 1 27 11 * 4 18 4 1 5 4 15 1 13 4
Den.-Jan, . 4 2 « l 2 7 4 1 9 4 1G H I 1 1 5 l 13 l
J * o - ,P e i > . . . 5 2 ,. l 2 7 l 1» i 1 0 1 1 5 4 10 4 13 4
F«b-St<An’.l>.. 4 2
4 2 4 4 2044 1 7 4 1 5 4 1 0 l 14 4
M c h .-A u r ll. 1 2 7 l 2 9 4 2 1 l 1 7 .4 40 l HI l i l t
A p r ll-M a V .. l 2 - 1 1 3 0 4 2 2 l i s t l « 1 17 1 1 5 4
M a v - l 'i i i l 294 30 4 22(4 19 4 17 4 1 t 1 5 I
J 'll i e .iiliv

27
22
It!
14
13
13
13
13
14
15
18

d.

d.

d,

d.

1 23 4 2 2 4 2 3 4 2 0
4 18 4 HI 1 1 0 1 1 5
4 12, t 10 l 10 4 0 9
1 1 0 4 0 8 ,4 0 3 4 0 7
4 09 4 07 1 0 7 4 05
t 09 l 00 t 07 4 05
4 0 9 l Or 4 0 7 4 0 5
4 09 1 07 1 0 4 4 0 6
1 10 4 0 3 l 0 - 4 0 7
l 11 4 0 i 1 0 » 4 0 7
l 11 4 0 9 4 1 0 4 0 8

T o ta l b a t ' .
S ew

Y o r k - T o L iv e r p o o l, jw r * te * m e * * B a flo a , 1 , 7 9 5 . .. . .
O e o rg ic . 9 . 5 1
............................................................................................1 1 ,3 4 7
T o B r e m e n . p a r *te»ta er*i A fle r . -3 0 0 — W r iu ir a , * 9 7 . ™ . . .
4*'
T o A n t w e r p , jHjr *te»io**<- H --u tb w «* fc, 5 0 ............ ....................
an
T o ( t e n o n , p e r s t e a m e r F u ld a . 1 0 0 ............................................... ...
100
T o M a r t in iq u e , p e r s t e a m e r M A d ia o a . 3 . . .......................
..
J
H a w O r l r a m , - r . u v e r j w o t , p e r s t e a m e r s B a f b a . U u . i -i*i9
___ L o u is ia n ia n . 1.3
7 .............................................................
6 ,1 7 6
8 W TO * —T • L i v e r p o o l , O -r s t e a m e r * O m M m , 3 .1 3 S u p .a u d
a n d 2 E g y p t ia n . .. P h i l a d e l p h i a ! ! . 1 3 . . . S a c h e m , s 9 i .........
3 ,0 .2
T # Y a r m o u t h . p e r i t a a o e r B o s t o n . 3 5 . . . . _____ _______ _
2
B a l t i m o r e — To B r e m e n , p e r s t e a m e r O r e fo ld . 2 0 0 ...................... ..
2 O

B R E A D S T U F F S .

F r i d a y , August 28, 1890,
There has b- u a fairly active and firtaer m arket for w h ea t
flour, and shippers have shown considerable interest, a l ­
though during the latter p tr e o f th s week their purchases
were limited in consequence of the higher views of sellers,
price* having been a t vanned about 5 to Hie. p*r parrel.
The home trade has i**,*n a moderate buyer. City mills have
been steady. A limited am*»i it of business h is bsen tran s­
acted in rye flour a t steady prices. Corn msal has sold
T o t a l . . . . . . . . ............. ......................................................................................... I T l . l .O
slowly and values have been easy, fo-day tha m arket for
T h e p a r t io u t a r a o f t h e s e s h i p m e n t s , a r r a n g e ! In o u r u a u d
wheat fl >ur was Arm but quiet,
fo r m , a r e a s fo llo w s .
Sp oelation in the m arket for w heat futures has been moder­
iic c r B re­
T a rTY e t
ArUately active, and early in the week prices advanced rath er
m e n . u c'rp . G e n o a m o u th , I n d i a . T o t;
PO/ti.
S e w Y o r k , . , . . . . . 1 1 .3 4 7
497
50
lo o
.....
3 1 1 ,9 9 7
sharply in response to stronger foreign advices, acc ampanied
S . O r l s a t a . .. . . . . .
0 .1 7 0 ,«*«** •**»** ...............................
6,174 by buying orders and an active dem and for spot w heat for ex3 ,0 4 2
B o s t o n . . ™ . . ..........
.........
2 1 ...........
3 ,0 0 7
p irt. Subsequently, however, advices from abroad turned
B a lt i m o r e ------ .......... ...... .........
.........................................
200
200
weaker, and foreign buying ceased, and this, together w ith a
897
50
T o t a l ............. . . . . . 2 0 ,5 6 5
100
25
3 2 1 ,4 4 0
flurry in the money m arket and selling by “ longs" to realize
profits, caused the improvement to bo lost. In the spot m ar­
B e lo w w o a id t h e c le a r a n c e s t h is w e e k o f v e s s e ls o a r r y in g
ket, shippers have been good buyers, though a t ih - decline
G o tte n fr o m U n it e d S t a t e * p o r t s , b r in g in g o u r d a t a d o w n t o
business was quiet as a scarcity of ocean freights and advance
t h e la te s t d a te s :
in rates had a tendency to check the demand. The sales yes­
N e w O R L S * v » - r o L i v e r p o o l ~ A « g . 2 1 —S t e a m e r I n v e n t o r , 2 , 5 7 8 . . .
A n * . 2 7 —S t e a m e r A s t r o n o m e r . 3 , 5 5 0 .
terday included No. I N orthern Duluth a t
f. o. b. afloat
T o H a m M r ir — A u g . 2 > —S t e a m e r G A licia 1 0 0
and No. 1 bard Duluth a t OSiic f, o. b. afloat. To-day the
T o Bar, ••Ion , - A i r 21
S t o a n e r tt trsttjra -r »•! G r a n d e , 2 , 0 0 3 ,
market wa» fairly active, and prices advanced rattier sharply
T o G e n o a - A n * , i f — s t e a m e r O a t e iln * . 3 . 5 5 0 .
on a report th a t this year world’s crops of w heat and rye would
B o s t o n - r - L i v e r p o o l — A u g . 3 5 — S t e a m e r A r m e n ia n , 8 7 8 .
B a l t i m ’ -i * * — f o L i v e r p o o l —A o g . 2 5 —S t e a m e r r o m p le m o r e , 2 3 4 .
show a material reduction as o m p i m i with last year’s. I t
C lo tto n f r e i g h t * t h e p a s t w e e k h a v e b e e n a s f o l l o w s .
was also stated th at large purchases of w heat for export had

THE CHRONICLE.

370

[V ol. LX III.

the interior, and this added to the strength. packages, valued at $267,281, their destination being to the
points specified in the tables below:
18 9 5 .

1896.
N e w Y o r k t o A u g . 24.
d a i l y o l o s in o p r i c e s o k n o

Bat.

A u g u st d e liv e r y ...............o. 64%
S e p te m b e r d e liv e ry .........o. 61%
O oiobor d e liv e ry ............... 0 65%
N o v e m b e r d e l i v e r y ......... o.

66%

D e e c m b e r d e liv e ry .........o. 66%
M ay d e liv e ry ......................o. 70%

2 BHD

Hon.

61%
61%
65%
67%
67%
71%

WINTER W HKAr
Thurs
Wert
Tnes

63%
63%
64%
66%
66%
70%

64^8
6180
65^8
<36*8
67*4
71

631*
63J4
64%
65 >2

64%
64%
65%
66%

6 9 7e

71%

66%

67%

There has been a weak and declining market for Indian
corn futures under free offerings oy the West, prompted by
liberal receipts and favorable prospects for the growing
crop. There has been an active demaid from slippers for

Week. S ince J a n . 1.

Wee*

Since J a n . 1 .

100
276
377
23
330
1,049
22

3,378
1 ,8 9 4
3 8 ,3 2 1
3,6 9 3
1 6 ,0 5 2
6,0 9 1
1 1 ,515
1,935
7.655
3 9 ,027
5 ,1 7 0

1 6 4 ,3 7 5
2 3 ,5 1 4

3,325
1,625

13 4 ,7 3 1
1 6 ,9 7 5

1 8 7 ,8 8 9
T o t a l........ ............................. 7 ,2 8 9
* F r o m N e w E n g l a n d m ill p o in ts d ir e c t.

4 ,9 5 0

1 5 1 ,7 0 6

G re a t B r i t a i n .........................
O th e r E u r o p e a n ........................
O hina ...........................................
I n d ia ......................................... ..
A ra b ia ........................ - ........... ..
A frioa .........................................
vVest I n d i e s . .............................
M exloo....................... ......... .........
O e n tra l A m e rio a .......................
8 o a th A m e r ic a .........................
O m e r C o u n tr ie s _____. . . . . . .

36
52
2 ,8 6 2
1,475
334
6 20
51
1 82
279
186

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

T o t a l.......................................
i h i n a , v ia V a n c o u v e r * ,...

6,0 7 7
1,2 1 2

68
i

1,0 8 0

delivered. To-day the market was firmer on a detain 1 from
The tendency of prices for brown cottons has been against
“ shorts” to cover contracts, stimulated by the advance in buyers this week and advances of Y&c. per yard in heavy-weight
The
sales
wheat. The spot market was firmer but quiet,
sheetings and drills have been frequently secured over recent
included No. 2 mixed at 285£c. f.o.b. afloat.
low prices, although not openly quoted, for goods sold from
DAILY OLOSINO PRICES OF NO. Z MIXED DORS
stock, while for contracts sellers are holding for j^c. at leist
Thurs
Wed.
T u ts .
M on.
Bat
over spot pricas. The actual sales are moderate, but more
2
6
^
27
4
2659
26^4
2838
A u g u st d e liv e ry ................o. 28%
2 6 4 business could have been done if sellers had not been so re­
26 4
265a
28»*
27*4
S e p te m b e r d e liv e ry .......... 0. 28%
per yard higher, ticks occasion­
27 4
2 7 4 served. Denims are }^c. to
274
293s
2 8 18
O c to b e r d e liv e ry ................ o. 29%
29
29
284
30i«
294
ally >^c., and other coarse colored cottons are frequently tend­
D e ce m b e r d e liv e r y .......... e. 30%
31
3
L
4
32
3
1
4
32
---M ay delivery............. o
ing upwards. Bleached cottons are in more frequent req lest for
Oats for future delivery have been quiet, but pi ices have small quantities and prices are steady. Ia other directions
declined under fairly free offerings, prompted by an increased the staple goods market has been without material cnvigi in
crop movement. Only a limited amount of business has been condition. There has been a steady demand of very fair pro­
transacted it the spot market and prices have declined with portions for printed fabrics in fancy lin-s at regul ir pricis.
futures. The business transacted yesterday included No. 2 with a quiet business passing in mire staple varieties. Ging­
mixed at 20J^c. in elevator and No. 2 white at 21c. in elevator. hams slow and irrigular. Print cloths have advanced l-'6c.
To-day the market was dull and without changes of im­ for both extras and odds, with mire business pissing; extras
portance. The spot market was quiet but steady. The sales are firm at the close at 2^c.
included No. 2 mixed at 20>£c. in elevator and No. 2 white at
The value of th8 New York exports for the year to date has
24c. in elevator.
been §7,285,721 in 1898 against §6,037,031 in 1835.
DAILY OLOSINO PRICES OF NO. 2 MIXED OATS.
Bat.

A u g u s t d e liv e ry ..............o . 22
S e p te m b e r d e liv e r y ____o. 22
O c to b e r d e liv e ry ..............o. 22

Man.

Tnes.

Wed.

Thun

21%
21%
21%

20%
20
20

20%

20%

F- .

20%

20%

20%

18 9 6 .
B to c k o f P r in t Olathe —

A t P r o v id e n c e , 6 4 s q u a r e s .
A t F a ll R iv e r, 6 4 s q u a r e s ..
A tF a llR lv e r,o d d s iz e s ....

The following are closing quotations:

DRY

GOODS

3 5 4 ,0 0 0
9 6 7 ,0 0 0
7 1 4 ,0 0 0

T o ta l s t o o k ( p i e o e s ) . . .. 2 ,0 3 5 ,0 0 0

FLODB.

F lu e .................... ¥ b b l. $1 60® 2 00 ; P a t e n t , w in te r ............$ 3 35® 3 65
3 90
B a p e rflu e ....................... 1 70® 2 10 C ity m ills e x tr a s
E r t r a , No. 2 ................. 2 20® 2 30 B y e flo u r, s u p e r fin e .. 2 25® 2 60
B
u
c
k
w
h
e
a
t
f
lo
u
r.......
E x t r a . No. 1 ................. 2 40® 2 65
C le a rs ............................. 2 50® 3 10 C o m m e a l—
W e s te rn , &o ............. 2 0 0 ® 2 10
S t r a i g h t s . . . ..........
3 15® 3 4 0
2 15
B ra n d y w in e .
P a te n t, s p r in g ............ 3 40 ® 3 75
[W h e a t flo u r In s a o k s s ella a t p ric e s b e lo w t h o s e t o r b a r r e ls .)
GRAIN.
C o rn , p e r b u s h —
0.
0
c.
0.
W n ea t—
W e st’n m ix e d ____ 2 4 4 ® 29
S p rin g , p e r h u s h .. 63 O 70
No. 2 m ix e d ........... 2 6 % » 28%
R e d w in te r N o. 2 . . 6 6 4 ® 6 8 4
W e s te rn y e U o w ... 27 ® 30%
R ed w i n t e r . . .......... 63 'S) 69
-3)
W e s te rn W h ite ___ 27
30%
W h ite ........................
O ita —M ix ed , p e r b n . 16 © 2 1 4 R y e —
W e s te rn , p e r h u s h . 39
40%
W hit©......................... 21 a 30
41
S ta te a n d J e r s e y .. 40
No. 2 m ix e d .........
204® 2 1 4
25
B a rle y —W e s te r n .. . . 35
40
N o. 2 w h ite .......... . 24
33 ® 3 4
F e e d in g .........
9W~ F o r o t h e r t a b l e s u s u a l l y g i v e n h e r e s e e p a g e 3 4 4 .

THE

A u g. 22.

TRADE.

New Y o r k , F r i d a y , P, H., Aug. 28, 1896.
The failure of Hilton, Hughes & Co. on Wednesday last,
although an important event in itself, had little or no effect
on the dry goodB market. The concern had been in poor credit
for a long time past, and although the suspension was hardly
expected just now, it was not a surprising occurrence. Few
houses, either commission or jobbing, have suffered to any ex­
tent, whilst the impression is quite general that the estate will
pay one hundred cents on the dollar. The primary market
for cotton goods has ruled firm this week, with a hardening
tendency on staple lines. The demand has been more general
in the way of small orders, but there is little more disposition
than bef ire to purchase ahead of requirements. Stocks in
second hands are evidently being distributed with some degree
of freedom, and supplementary supplies are more generally
required. A quiet market for woolen and worsted goods for
both men's wear and dress fabrics has prevailed, with a gener­
ally easy tone. Collections have not improved, ana consider­
able irregularity is reported.
W o o l e n G o o d s . —The lack of spirit on the part of buyers
has again been the chief feature in this department. Clothiers
and cloth j ibbers are as conservative as ever in placing their
orders, whilst there has been a reduction in the number of
those buying. If it were not for the demand for all-wool
fancy cheviots and cassimeres in cheap grades, 45c. to 65c.
goods, and for all-worsted cheviots from§l 00 to $1 25, the
market would be practically stagnant, ho little is doing in
other directions. Despite the heavy curtailment in produc­
tion there is no scarcity of goods, and the market generally
i- an easy one to operate in in both staples and fancies.
Satinets and other low-grade varieties of like character are
inactive. Cloakings are still in moderate request and over­
coatings still sell slowly. Dress goods are quiet throughout.
Flannels and blankets inactive. Carpets quiet.
D o m e s t i c C o t t o n G o o d s — The exports of cotton goods
from this port for the week ending Aug. 24 were 6,077

1895.
A u g . 21.

1 3 4 ,0 0 0
2 5 ,0 0 0
7 9 ,0 0 0
2 3 3 ,0 0 0

1894.
A u g . 25.

1893.
A u g. 26.

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

6 5 3 .0 0 0

Foreign Dry Goods—A general improvement in volume
of business has been reported this week in foreign merchan­
dise but sales are still below average for the time of year.
Dress goods are selling better, as are silks and linens. Rib­
bons, laces, hosiery and underwear quiet. Business in men’swear fabrics is backward in spring weights.
I m p o r ta tio n s a n d W a r e lio n s e W ith d r a w a ls o f D r y G o o d s .

The importations and warehouse withdrawals of dry goods
at this port for the week ending Aug. 27, 1896, and since
January 1, 1896, and for the corresponding periods of last
year are as follows:
___
sS
S
2
55
S-3®o^|
"to h g 9 * s
o< * R « ! &
£
tJ r ; o —jp

I^ °sE■ g®; ;i • od
3 o:

oa

st g!
a;
B
is ■

B*I
•a ~

CD t o !

©O ( r-*iUtO*k©
•JCO
'J ©
000 I opc^t—
1ooto
Ox 35 i **'£>tOtO *-I

‘ it* tO "4CDX

CM
*0X
W| CMX ©
-3
O?. to—©to©
© I tO X -. ©<1 to©
— —CO

C
©
CD
Oto
X©
<j cn -*
-11
©
©©
-J
C
©DIto
to©
*>u' ”©'-h
I ©<1
to

-4 © yioi jO

cn
tOtOtO©
©O^COPt
Mt—13 WCD

©
©"
»4C
toM
Itfl0©
■
£*©
© ©**-tO
©
M
©
- V-*OC
•C
M
to
tO—MX
CJIX © *- '1

** 1

OI

to

© ! co © © -*
00 p I MJOJD © W

V
jO ©'©'*'4 <1
tO <1 W © — CM©
©
to 1 co©©©on

£3 -©
3g <
w°

tOj-* J-J-*
CO ox | Cd OWA © f-4

H tO
* H*

W 3D 33H X
53 ** OxX
© CO CO- 4 ^ 0 JO
a -k br-4 ©ao
it*
©©©©
©CO
S CO to
-4 © h CO
-1 co
s w
o ©
>-*to
- °
©j©yxj~ox
2w
gdVj vr© ©
to c o © c
COOVX©©
so %i
Mt8M®
a0 y- j ;I © X ©*©
*l*©
x
O£*>
U©©
to#* C
d
I
PtOOV'Jto**
* ^ |
* 00 j ©*© Ol*©bi© ©
rcO
.O
©C
to C
a§ CO I to
toBC
tot©
toO
©X
s -;
3 ©
»!] © ©
©
CO CO **• X
© ©
X "> — X —
-4 © © —**
£ coj
% w to
-ji
M CO
s © CJi
©to luytcot-i o
x co ©cno^a
1
V x i VtoM*w<i
Oto ©©©©©
2 £ C
O CO © »r* I CO © © © O'
o

CO<i

©
X*4 I

t»-*~<
I ^1toC
M
COto
CD (fAO* on ©
-- to-4 - 0>%
Q

X
Rj —
©%■©*—
>-•*C-n
31©
—

©

© JO

I COid
I GO**

JO W CO -3

oo© x<To
fU© 33 © to

© X t O t — cO

©*-40 wGO

co©cow'<i

©©
>f5. —tps
-O j X © © *• W

—CO

© ** | © © -J OtJO

tO © 1 © © CO X *4
© JO

— COW JO

oc‘© I ©Vj'pi*©*cjt

—-j ; ©h*©toto
X © 1 < 1 -5 01 J O ©
"
—** Wcooc ©
<3 cn © © ifACR©
**© 1 —CBCO© —

tO^
^53

M
-C
O
fP%
*v>o
0tO
si**.jCO
cto
o**-*4a
lo*©
*-o**
V
©©-4
ox-4
P'toCOCO©
CO © X -1 ©
to - IO © ©

© ©©topi

©JOCO CO©

|^

*3 tO A JI O
© t o 'j>
— X X © *■

;!Q
I C®
1

co©-t**4 © —
a
X b |~
i ©w-w
oyi
s

©

©
to
cn

©

*0?
CO W -J

©©©

w©

©

-t-*
© — ©**■©
< 3**q *ocoV
<3 *3 .UCO ©
K1 CM**■ f^* **

©
X
©
00
—
CO

£*
—
—© **© ©
O lj— ©CO_cO
<3*CM — GDCM
03 — X <1 ©
C3 iaCD *» ©

X

tO

*-3
©
bo
X)
<i
ia

s 3

© p © W©
w to to X —
o © © «
X © h O t O Ji
CM ©>»- © » W to

<1 »o ©

g

s
'ft

X
© ^
CM<J

Co
s'
o
<h

M
g

X
©
CM

THE CHRONICLE.

August 20, 1306,]

8

tatj:

C ity D £ ? A f m m n \j
Timvis~oF~SUBSCRIPTION.

T he I nvestors’ S upplement will be furnished
extra charge to every annual subscriber of the

w ith o u t

COMMERCIAL AND FINANCIAL CHRONICLE.

T he State and C i t y Supplement will also be fur­
nished without extra charge to every subscriber of the
Chronicle .
T he Street Railway S upplement will likewise
be furnished without extra charge to every subscriber
of the Chronicle .
T he Quotation S upplement, issued monthly, will
also be furnished without extra charge to every sub­
scriber of the C hronicle .
TERMS for the Chronicle with the four Supple­
ments above named are Ten ollars within the United

States and Twelve Dollars ia Europe, which in both
<ases includes postage. _____
Terms of Advertising— Per Inch space.)
o n e t i m e . . . . ...............................S 3 5 0 I T o r
M o n t h s ( 1 3 t i m e s ) ,. S 2 5 0 0
O n e M on th
<* t o n e s ) , . 1 1 0 0 S t *
o n tb s
(2 6 t im e s ) .. 4 3 0 0
I w o M on th s
(8 t i m e s ) .. I S 0 0 1 T w e l v e M o n t h * ( 5 2 t i m e s ) . . 5 8 0 0
(T h e a b o v e t e r m * f o r o n e m o n t h e n d a n w a r d e r e f o r s t a n d i n g o a r d s .

T h e p u r p o se o f thU S tu te a n d C ity D e p a r tm e n t
ia to f tram s our subscribers with a weekly addition to and
continu ition of the State and City S upplement. In other
words, with the new facte we shall give, the amplifications

and directions we shall publish, and the municipal laws we
shall analyze in the “ Stole and City Department,” we expect
to bring down weekly the inform ation contained in the
State and C ity S upplement to as near the current date ae
possible, Hence every Subscriber will a t all tim es posse* a
complete and fresh cyclopiedia of ia form ation respecting
Municipal Debts.

STATE AND CITY INDEX.
In this number of the C h r o n ic l e we publish an
index to aii news items printed in this Depirtment
since June 80th. For index to items published from
April 11th to June liOth, both inclusive, see C h r o n ic l e
of June 27tb, page 1189. In all cases when tie item in­
cludes later figures of debt, assessed valuation, &c.,
full-face types are used for the reference. Items pub­
lished in to-daj s C h r o n ic l e are not included in the
index. This index will be published the last Saturday
of each month.
B o n d P r o p o s a l * a n d N e g o t i a t i o n s . —W e have re ­
ceived through the week the following notice* of bondsrecently negotiated and bonds offered and to b* offered for
sale,
Bancroft, Neb.—Bond .Safe.—W ater-works bonds of Ban­
croft to the am ount of $5,000 have been sold.
Bayonne, H. J.— Bon is Unsold. —The city of Bayonne has
failed to sell 848,000 of 4J( per cent gold school bond - recently
offered at public sals, and the city officials have Been author­
ized to effect a private sale of the securities if possible.
Boston, B ass.—Temporary Loan—The city of Boston has
placed a tem porary loan of 4?0,0<XI this week at 5 per cent
interest. This is a higher rate than the city has been accmtoroed to pay until within a short time.
B radford, P a .—Bonds Authorized.—Sswer, paving and
water-works bonds of thi* city to the am ount of $105,000
were voted for on August 18,1888,
Brooklyn, N. V —Tax Certificate S t k —Oa T nu rsiay of
thi* week the city of Brooklyn soli 42,000.005 of 5 per cent
gold tax certificates m aturing Aoril 2), 1097. A large pro­
portion of the loan was awarded to a syndicate of local banks
and trust companies at par, and a few outside bid* at a frac­
tion above par were accepted. Trie aw ard is reported in
detail a* follow s:
Purchaser.

A m ou n t.

Price,

K in g * ( tm o ty T ru s t C o n pa ng........................... s -h .ooo
§ i «jo
N a tio n a l C ity B a n k .. ......................................
* 3,000 lo o

J e w JalMu! .£,»-»:«>> <fcTrust- Company....... .
I t vtnHttm T ru s t C oinpaov..................................
people's Trust Coin jiaoy.............. ...............
F u lto n B a n k .................................................
B re n k ljn 'F r& s t Company ......................
fr a n k lin Tra.M < 's m fitm f.................................

Nassau National Book............................

j-t.ooo
100
* 8,000 100
310.000
100

35,030 100
178,000 100
17*.000 100
53,000 100

P u rch a ser.

371
A m ou n t.

K i n g s C o . B a n t ............................................
$ 2 5 ,0 0 0
.51t e t a n i e s ' B a n k ..................................................................
8 8 ,0 0 0
B r o o k l y n B a n k ................................................................
5 3 ,0 0 0
S e b e r m e r h o i n B a n k .....................
1 7 ,o o o
M a n a f . r i u r e r s ' T r u s t C o m p a n y ...............................
8 8 ,0 0 0
B e d f o r d B a n k ............
2 6 .0 0 0
T w e n t y s i x t h W a r d B a n k . . . . ...................................
1 7 ,0 0 0
P e o p l e 's B a n k . .....................
1 7 ,0 0 0
B r o a d * a y B a n k .............................................
N assau T ru s t C o m p a n y —
..................................
8 8 ,0 0 0
.M a n u fa c tu r e r .'’ n a t i o n a l B a n k . . ................................
4 3 ,0 0 0
F ir s t N a t io n a l B a n k ...........................................................
5 4 ,0 0 0
M e c h a n ic s ’ A T r a d e r s ' B a n k . ...................................
1 7 ,0 0 0
S e v e n t e e a t b W a r d B a n k .............................................
1 7 ,0 0 0
F i f t h A v e n u e B a n k ........................................................
1 7 ,0 0 0
S p r a s m e N a t io n a l B a n k ...............................................
3 6 ,0 0 0
B r o o k l y n S a v in g s B a n k ............ .................................. 2 0 0 ,0 0 0
5 0 /1 0 0
J o s e p h U B u t t e n w e i s e r ...............................................
J . W, s U .-m ai
C o . ....................................................
5 0 ,0 0 0
E a s t e r n D is t r ic t S a y in g s B a n k
...........................
1 0 ,0 0 0
W illia m A l e x a n d e r S m it h A C o .............................
2 ,0 0 0
M e r c h a n t s ' A M a n u f a c t u r e r s ’ F ir e I n s u r a n c e
O o m p a u y , o f B a l t i m o r e ......................
6 5 .0 0 1
H a in h le t o n & C o ,, B a l t i m o r e ..........- ..............
*25,000
A . t i a l o t .........................................
5 ,0 0 0
P e r c y D e n s m o r e ................................................................
2 ,0 0 0

P rice.
$100
100
10)
100
10 *
100
100
100
1 7 ,0 0 0
100
lo O
100
100
100
100
100
100
100
100 06
1 0 0 -2 5
1000625
1 0 0 -5 0
100*02
1000625
1 0 0 -0 1
100

Cam bridge, Mass,—Bonds Authorized —City of Cambridge
booth to the am ount of $000,000 have recently been authorized,
but the securities will not lie offered for sale until the m arket
shows a decided improvement. In the meantime a tem porary
loan for the am ount will be floated.
Chester. P a .—Bonds Unsold.—No bids were received for
the $80,00u of 4 per cent 10- 30 year bonds of the city of Ches­
ter, which w ere offered for sale on A ugust 28. Interest and
principal w ill he mad© payable in gold and the loan will be
r.-adverti-cd. Proposals will be asked for until September 10.
Chester. N. C-—Bonds Authorized .—W ater works bonds of
this city to the am ount of §50,000 are to be issued.
Fall River, Mass.—Bond Sale.— It is reported th a t the city
of Fall River received one bid of 101 for 4100,000 of 4 per cent
sewer bond* offered for sale on August 37. The securities
will be dated Ju ly 1, 1890. interest will be parable sem i­
annually on Jan u ary 1 and July 1, ami the principal will
mature July l , 1926. The loan is secured by a sinking fuud.
F ra n k lin , La .—Bond Offering .—Mayor L B. Tarlton, of
Franklin, L i . , reports to ttie C h r o n i c l e that $ 2 5 ,0 0 0 of 5 per
cent w aterw o rk s bunds are being offered for sale. The secur­
ities will be issued in denom inations of $1,000 and one bond
will mature each year fiotn uate of issue. Interest will be
payable semi annually.
G astonia, N, C.—Bonds . lutho rized - W afer-works bonds
of ibis town to ih.- am ount of $1 8,000 have bee* voted.
W inter County, W. Va,—Bonds Authorized .—This county
ha* voted to issue bonds for $50,000 in aid of the Little K- naw ba Valley Railroad.
H am ilton County, O hio ,—Bonds Unsold,—It ia reported
th at ihe County Com mi-doners have reject*d a bid for $25,000
of aqueduct bond*. The bid contained a proviso th at a com ­
mission be paid for the bonds.
Lakewood, Ohio—Bond Offering—Electric-light bonds of
Lakewood to the am ount of $20,000 are being offered for sale.
Tr»e securities will bear 0 per cent in terest and will m ature at
the rate of $ 1,000 yearly from date of issue.
Lynchburg, Ohio.—Bond O f f e r i n g Proposals will be re­
ceived until September 1, 1896, by Chas. Roeer, City Clerk,
for the purchase of $80,000 of w ater- work* bonds of LyDchburg.
Mercer County, N. J .—Bond A w * -T h e Mercer County
Board of Freeholders h ah taken action on the objsctianss of­
fered to the sale of $100,000 of 5 per cent gold redemption
bonds and decided not to issue the bonds for the present. It
was agreed tha* the m atter of issuing the bond* should be
postponed for a few weeks, when it ia thought they can be
disposed o f w ithout any gold redemption clausa.
Hllacii, l i a s ,—Bonds Authorized .—W a ter- works bonds
of this place have been authorized,
M lllstailt, I II ,—Bond Election .—On A ugust 22, 1896, the
people of Miiistodt voted on the question of issuing $5,000 of
electric-light bonds.
M ilwaukee, W Its—BoroI Sde.—Oa A ugust 35 City Comp­
troller W. J . Ftebrantz sold $104,000 of 5 per cent street im ­
provement binds to the Milwaukee T ra it Co. at 108. Three
other bids were received for bond* offered a t the same time,
but ail were rejected. The unsold securities include $330,000
of school bonds, $ 120,000 of public p irk bonds and $ 10,000 of
sewerage bond*. Prop is tl* ace a* iced again on these issues
until September 8 a t 12 * , All the bond* are dated Ju ly 1,
1898, interest at th e rate of 5 p sr ce n t will be payable semi­
annually on Jan. 1 and Ju ly 1. and 3 p-rc e n t of the principal
of each issue will m ature annually from date,
M onnt P leasan t Free Hshool d is tric t. Hex,—Bond Offer
ing.—Proposal* will be receive l until September 7 a t 5 p . m,
by H» W, Cheney, Secretary of the B iard of Trustees of the
Montit Pleasant ! aeirporatodP ublic Free School District, for
the purchase of school budding bonds to the am ount of
$8,000. The securities will bear tutored a t the rate of 0 per
cent per annum .
8^ .
Sew lierg, Ore. - Bonds . luthorized —Water-works bonds of
this city to the am ount of $1.3,000 are to be issued.
P alestine, IV x .—Bond Offering.—Proposals will be re­
ceived until September 1, 1896, oy W» C, Campbell, City
8screlary, for the purebas *of $104,040 of water-works bond*.

872

THE CHRONICLE.

I Vo... L.XIIl.

J u n e l , ’ 95. J u n e 1 , ’94 . J u n e l , ’9 3
The ff. ulitie- aie to b-mr interest at the rate of 5 per cent and T o ta l fu n d e d d e b t . . ..$J1a,7n 4. 10 ,,4’96.
0 0 $ 1 ,8 0 4 ,3 0 0 $ 2 ,0 3 6 ,0 4 2 $ 2 ,0 0 7 ,2 0 0
6 5 3 ,8 1 8
6 3 2 ,0 9 2
6 1 4 ,0 6 5
593,311
T r u s t f u n d s ...................
the principal will mature in 1986.
A S S E S S E D V A L U A T IO N .—T h e S ta te ’s t o t a l a s s e s s e d v a lu a tio n
Sea Cliff, N. Y.—Bond Election .—The paople of Sea Cliff
will v. te on Sept. 8, 1896, on the question of issuing §50,000 of h a s b e e n a s fo llo w s :
Y ea rs.
V a lu a tion. Y ea rs.
V a lu a tio n .
5 p, r cent highway improvement bonds.
1 8 9 4 ................................. $ 2 6 9 ,6 8 3 ,7 7 9 1 8 8 9 ................................. $ 2 4 1 ,7 6 6 ,6 3 3
1 8 9 3 ................................ 2 7 4 ,8 1 6 ,3 4 2 1 8 8 8 ................................ 2 3 5 ,9 9 8 ,4 5 5
S l t a r p s l m r g , P a —Bonds Authorized .—Sewer bonds of
1 8 9 2 ................................. 2 6 6 ,4 2 7 ,5 0 0 1 8 8 7 ................................. 2 2 8 ,2 3 4 ,8 5 1
this coy to the amount of §62,000 have been authorized.
1 8 9 1 ................................. 2 5 9 ,1 9 1 ,7 7 0 1 8 8 6 ................................ 2 2 2 ,1 0 6 ,2 8 1
Trenton, N. J .—Bond Offering—Proposals will be received 1 8 9 0 ................................. 2 5 0 ,5 3 0 ,5 3 0 1 8 8 5 ................................. 2 1 8 .1 2 2 ,5 5 4
until Sept. 1, 1896, by C. Edvard Murray, city clerk, for the
Pittsburg, Pa.—H. P. Ford, Mayor. The following state­
purchase of §7,0b0 of sewer bonds.
ment
has been corrected to August 1, 1896, by means of a
Washington. (la.—Bond Sale It is reported from Wash­
ington. Ga., that 6 per cent gold school bonds to the amount special report to the Chronicle from H. I. Gourley, Comptri ller,
of' §15.000 have been sold at par.
W»i cester, Mass —Bond Sale.—It is reported that the city
This city is situated in Allegheny County.
of Worcester, Mass., has sold §50,000 of 4 per cent 29-year
LOANS—
— In terest.-P r in c ip a l.NAME AND PURPOSE—
B ate. P a y'b le. W hen D u e.
O u tstand’g.
funding bonds at 102 25. Four bids were received for the loan.

S T A T E AND CITY D E B T CHANGES.
We subjoin reports as to m unicipal debts receive! since
the last publication of o ur S tate and C ity Su pplem en t .
Some of these reports are w holly new a n d others cover item s
of inform ation additional to those given in t he S upplem en t
and of interest to investors.

District of Colombia.—The following statement has been
coirected to June 80,1896, by means of an official report from
D. N. Morgan, Treasurer of the United States.
On July 1,1878, the duties of the Sinking Fund Commis­
sioners of the District of C Jumbia were transferred to the
Treasurer of the United States, and since that date Congress
has appropriated annually a sum sufficient to pay not only the
intense on the Districts bonds but also, it is belirved, suffic­
ient to extinguish the entire debt of the District u -on the
maturity of the 3-6o per cent loan, in 1924. Bonds are tax
exempt.
-P r in c ip a l LOANS—
— Interest .— ,

C ity b u ild in g b o n d s , re fu n d e d . 5
A & O A p r. 1, 1 9 1 0 $ 1 7 0 ,0 0 0
F r e e b rid g e b o n d s ..............e o r r 4
M & N
1925
1 ,3 1 5 ,6 0 0
S u b je c t to c a ll 1-10 e v e r y 3 y e a rs.
,T & J J u l y 1, 1909
F u n d e d d e b t b o n d s ....................c 7
1 4 5 .0 0 0
7
.................
.1 & J J u l y 1, 1909
do
do
3 5 5 .0 0 0
.J <te .1 J a n . 1, 1912
do
do
................. . . r 7
12 1.000
F u n d e d d e b t im p ro v . b o n d s .c 5
J & i) J u n e 1, 1913
88,000
do
do
do
r 5
.) <!te D J u n e 1, 1913 .,3 1 5 ,0 0 0
do
do
do . r 5
J ite D J u n e 1, 1912
7 7 .0 0 0
Im p r o v e m e n t b o n d s ............. --C 4
.1 & D D ec. 1, 1915
5 3 .0 0 0
do
do .............. . . r 4
.J cte D D ec. 1, 1915 1,681,700
A A o A p r. 1, 1 9 1 0
M a r k e t b o n d s , re f u n d e d ___ . . r 5
2 5 .0 0 0
M u n ic ip a l co n so l, b o n d s ---- . . r 6g A cte o O ct. 1, 1904 t.2 1 0 ,0 0 0
M & N
P u b lic P a r k b o n d s ............e o r r 4
5 8 8 .3 0 0
1925
S u b je c t t o c a ll 1-10 e v e r y 3 y e a rs .
P u b lic S a fe ty b o n d s . . . . . . c o r r 4
M & N
1925
3 3 0 .0 0 0

R a ilro a d c o m p ro m is e b o n d s , .c 5
J & J J a n . 1, 1913
983,000do
do
do . . r 5
8 4 3 ,4 0 0
J cte J J a n . 1, 1913
do .. c 4
J cte J J a n . 1, 1913
2 2 8 .0 0 0
do
do
do ..r 4
J cte .J J a n . 1, 1913
1 2 5 .3 0 0
do
do
A «te O O ct. 2, 1 8 9 6
W a te r b o n d s ............ ..................0 7
4 0 8 ,7 0 0
A (te o O ct. 2, 1896
7 2 3 ,8 0 0
do
............ ..................r 7
A <fc o Apr. 1, 1897
do
............ ................r 7
4 0 ,5 0 0
A & o Apr. 1. 1898
do
............ ................. c 7
6 1 .0 0 0
do
............ ............... r 7
A cte o Apr. 1, 1898 1,337,000
........... ............... r 6
do
J (te J J a n . 1. 1908
3 0 0 ,0 0 0
4
............
do
M & N
1925
7 2 0 .3 0 0
S u b je c t t o c a ll 1-10 e v e r y 3 y e a rs .
(c) C o u p o n b o n d s .
(r) R e g is te re d b o n d s .
(g) P a y a b le i n g o ld .
P A R V A L U E OF B O N D S .—T h e se b o n d s a r e in p ie c e s of $ 1 0 0 a n d
m u ltip le s o f th e sam e .
W
hen
D
u
e.
O
utstand’g.
NAME AND PURPOSEP. Ot. P ayable.
T A X F R E E .—A ll is s u e s o f th is c ity 's b o n d s a r e e x e m p t fro m t a x a t i o n
D is t r ic t o f C o l u m b ia —
INTEREST is p a y a b le a t th e C ity T r e a s u r e r ’s office in P i t ts b u r g , a t
" F if tv - r r . fu n d in g 1 8 7 1 c & r 3-65 F & A A ug. 1, 1 9 2 4 .$14,224,100
1 ,2 9 0 ,7 0 0 th e B a n k o f A m e ric a in N e w Y o r k , a t th e office o f T o w n s e n d , W h elen &
t R e f u n d 's re g . b o n d s . 1 8 9 1 r 3L> J & J J u l y 1, 1 9 0 1
7$100, $5(X)"and $ 1 ,0 0 0 each.) S u b je c t to c a ll a t a n y tim e .
7 7 8 .0 0 0 Co. i n P h ila d e lp h ia a n d a t th e P it t s b u r g T r u s t Co.
T w e n ty -y ’r fu n d . ..1 8 7 9 c & r 5
J & J J u l y 1, 1 8 9 9
TOTAL DEBT, SINKING FUND, E t c .— T h e s u b jo in e d s ta t e m e n t
3 2 9 .0 0 0
W a te r s to c k ...................1 8 7 1 c 7
J & J O ct. 1, 1901
1 4 ,0 0 0 sh o w s P it t s b u r g ’s to ta lm u n io ip a l d e b t a n d th e s in k in g f u n d h e ld b y t h e
do
...................1873 c 7
J & J J u l y 1, 1903
L a t e C O R PO RA TIO N o f W a s h in g t o n ' —
c ity a g ain st, th e s a m e o n th e 1 s t o f F e b r u a r y of e a c h o f th e l a s t f o u r y e a r s .
5 7 1 ,1 0 0
T h irty -y e a r f u n d in g . .1 8 7 2 c 6 g M & N N o v . 1, 1902
18 9 6 .
18 9 5 .
18 9 4 .
1893.
•T h e f a ith o f th e U n ite d S ta te s w a s p le d g e d to se c u re th e p a y m e n t of T o ta l b o n d e d d e b t
th e in te r e s t o n th e s e b o n d s a u d to m a in ta in a s in k in g f u n d su ttic ie n t to
(inel. w a te r b o n d s )$ 1 3 ,6 3 0 ,3 0 1 $ 1 2 ,5 9 3 ,1 0 2 $ 1 2 ,8 3 6 ,6 0 1 $ 1 3 ,2 0 4 ,4 0 2
re d e em th e m a ll b y m a tu r ity . T h e is s u e is lim ite d to $ 1 5 ,0 0 0 ,0 0 0 a n d S in k in g f u n d s ...........
5 ,0 8 8 ,3 5 4
4 ,6 1 7 ,1 4 0
4 ,3 5 2 ,0 0 7 4 ,0 4 1 ,8 0 0
is e x e m p t fro m t a x a tio n b y F e d e ra l, S ta te o r m u n ic ip a l a u th o rity . T h e
c o u p o n b o n d s a r e fo r $ 5 0 a n d $ 5 0 0 e a c h , th e re g is te re d b o n d s $ 1 ,000
N e t d e b t o n F e b . 1. $ 8 ,5 4 1 ,9 4 7 $ 7 ,9 7 5 ,9 6 2 $ 8 ,4 8 3 ,9 9 4 $ 9 ,1 6 2 ,6 0 2
a n d $ 5 ,0 0 0 e ac h .
T h e c ity h a s n o flo a tin g d e b t. T h e s in k in g fu n d re c e iv e s y e a r ly fro m
t T h e se b o n d s h a v e th e sa m e g u a r a n ty a s th e 3 -65 p e r c e n t b o n d s.
IN T E R E S T o n th e b o n d s is p a id a t th e U n ite d S ta te s T r e a s u ry in $ 4 0 0 ,0 0 0 to $ 5 0 0 ,0 0 0 fro m a p p r o p r ia tio n s a n d inv e s tm e n ts .
D E B T L IM IT A T IO N .—P it ts b u r g ’s d e b t is lim ite d b y S ta te C o n sti­
W a s h in g to n a n d a t t h e S u b -T re a su ry in N e w Y ork.
T O T A L D E B T -—'The su b jo in e d s t a t e m e n t sh o w s th e D is tr ic t’s t o ta l tu tio n to 7 p e r c e n t o f t h e a ss e ss e d v a lu e o f r e a l e s ta te .
A S S E S S E D V A L U A T IO N .—T h e c ity ’s a s s e s s e d v a lu a tio n (a b o u t
d e b t o n t h e d a te s n a m e d .
J u l y 1 ,1 8 9 6 . J a n . 1 ,1 8 9 6 . J a n . 1 ,1 8 9 5 . Jan . 1 ,1 8 9 4 . c a s h v a lu e ) a n d t a x r a t e h a v e b e e n a s f o ll o w s :
T o ta l fu n d . d e b t.$ 1 7 ,2 0 7 ,0 0 0 $ 1 7 ,5 3 2 ,6 0 0 $ 1 7 ,7 8 1 ,7 0 0 $ 1 8 ,1 9 1 ,2 0 0
•------------------- i s . essed V a lu a h o n . -------------------x R a te o f Tax
R eal.
P erso n a l.
Total.
p e r $ 1 ,0 0 0 .
O n J u ly 1 ,1 8 7 8 , w h e n th e d u tie s o f t h e S in k in g F u n d C o m m issio n ers Year.
...$
2 8 6 ,4 9 7 ,4 3 7
1
8
9
6
.
.
.
.
$ 1 ,9 8 8 ,9 8 5
$ 2 8 8 ,4 8 6 ,4 2 2
......
o f th e D is tric t w e re tr a n s f e r r e d to th e T r e a s u r e r o f th e U n ite d S ta te s
1895 ...
2 8 7 ,3 2 2 .8 9 4
$1 2 -0 0
th e t o ta l d e b t w a s $ 2 2 ,1 0 6 ,6 5 0 .
1 8 9 4 * . ..
2 ,2 5 9 ,6 6 0
O n J u ly 1 ,1 8 9 6 , s to c k a n d b o n d s to th e a m o u n t o f $ 6 ,8 2 0 o n w h ic h 1 8 9 3 . . . . . . . 2 7 3 ,3 9 0 ,5 0 6
2 7 5 ,6 5 0 ,1 6 6
11-00
2 4 0 ,0 0 0 ,0 0 0
12*00
in t e r e s t h a s c e a s e d w ere s till o u ts ta n d in g ; fu n d s fo r th e p a y m e n t of 1 8 9 2 . . . . . . . . 2 0 5 ,0 4 6 ,7 4 2
1 8 9 1 ....
2 ,3 1 6 ,4 5 5
2 0 7 ,3 6 3 ,1 9 7
1 5-00
p rin c ip a l a n d i n t e r e s t a r e d e p o s ite d in th e U a ito d S ta te s T re a s u ry .
1 8 9 0 . .. . . . . 1 9 8 ,5 8 0 ,2 6 7
1 ,8 7 3 ,3 5 9
2 0 0 ,4 5 3 ,6 2 6
1 5-00
1 ,2 4 8 ,1 0 9
A S S E S S E D V A L U A T IO N .—T h e D is tr ic t’s a ss e ss e d v a lu a tio n a n d 1 8 8 9 . . . . . . . 1 3 7 ,8 9 8 ,9 2 8
1 3 9 ,1 4 7 ,0 3 7
1 8 8 8 . . . . . . . 1 3 2 ,2 6 6 ,0 0 0
2 ,4 4 5 ,1 2 4
1 3 4 ,7 1 1 ,1 2 4
18*00
t a x r a t e a t d iffe re n t p e rio d s h a v e b e e n a s fo llo w s :
1 8 8 6 . . . . . . . 1 2 9 ,8 8 1 ,0 9 6
1 ,7 7 4 ,9 3 6
1 3 1 ,6 5 6 ,0 3 2
P erson a l
T otal Ash’ d. B ate o f Tax 1 8 8 5 . . . . . . . 1 0 8 ,5 3 0 ,6 0 8
3 ,0 0 0 ,0 0 0
1 1 1 ,5 3 0 ,6 0 s
13-00
F e a r.
R ea l E state.
P rop erly.
V alu ation, p e r $ 1 ,0 0 0 . 1 8 8 4 . . . . . . . 1 0 5 ,4 0 4 ,7 2 0
1 ,8 3 8 ,2 5 8
1 0 7 ,3 4 2 ,9 7 8
1600
1 8 9 5 .......... ..........$ 1 8 8 ,9 2 2 ,3 4 3
$ 1 0 ,9 7 1 ,7 3 7 .$ 199,894,080
*$15-00
1 8 9 4 ........... .......... 192,5 5 5 ,0 4 6
1 1 ,719,308
* T h e C ity C o m p tro lle r r e p o r te d t h a t th e t a x v a lu a tio n fo r 1 8 9 4 d id
2 0 4 ,2 7 4 ,3 5 4
------15-00
1 8 9 3 ........... .......... 1 9 1.417,804
11 ,0 5 0 ,3 3 6
2 0 2 ,4 6 8 ,1 4 0
n o t m a te r ia lly d iffer fro m t h a t of 1893.
1 8 9 2 ........... .......... 1 4 7 ,0 2 4 ,2 7 6
1 1 ,9 2 7 ,4 3 4
1 5 8 ,9 5 1 .7 1 0
F o r th e y e a r 1 8 9 6 th e a s s e s s e d v a lu a tio n o f r e a l e s ta te in c lu d e s th e
1 8 9 0 ........... .......... 1 4 1 ,6 0 9 ,8 9 1
1 1 ,6 9 7 ,6 5 0
1 5 3 ,3 0 7 ,5 4 1
15 00
1 8 8 8 ........... ......... 1 1 5 ,4 8 5 ,3 5 3
1 1 ,7 2 8 ,6 7 2
1 2 7 ,2 1 4 ,0 2 5
15-00 v a lu a tio n o f p r o p e r ty to th e a m o u n t o f $ 8 8 ,0 3 2 ,1 7 9 w h ic h p a id a r u r a l
1 8 8 5 ........... .......... 9 3 .4 9 1 ,8 9 1
1 2 .7 1 5 ,6 8 6
1 0 6 .2 0 7 .5 7 7
1 5 0 0 t a x (tw o -th ird s o f fu ll ta x ) , a n d $ 1 0 ,3 5 5 ,2 0 3 w h ic h p a id a s o -c a lle d
• T a x r a te on la u d u s e d f o r a g r ic u ltu r a l p u rp o s e s is o n ly $1 p e r acre. a g r ic u ltu r a l ta x , o r o n e -h a lf o f th e f u ll t a x r a te . T h e ta xa b le v a lu a tio n
New Hampshire.—The following statement has been cor­ o f a ll p r o p e r ty f o r 1 8 9 6 a f te r m a k in g so m e s lig h t d e d u c tio n s f o r
rected to June 20, 1896, by means of a special report to the e x e m p tio n s , w a s th e r e f o r e $ 2 5 0 ,0 0 0 ,0 0 0 .
P O P U L A T I O N .—I n 1 8 9 0 p o p u la tio n w a s 2 3 8 ,6 1 7 ; in 1 8 8 0 i t w a s
C h r o n i c l e from Solon A . Carter, State Treasurer.
1 5 6 ,3 8 9 ; i n 1 8 7 0 i t w a s 8 6 ,0 7 6 . E s tim a te d J u l y 1 ,1 8 9 6 , 2 7 5 .0 0 0 .

Concord is the capital.
LOANS
-—Interest .— ,

♦

W ellsville, Ollio.—P. H. Jones, Mayor. The following
•-------— P rin cip a l. -------------- ,
NAME AND PURPOSE.
P.Ot. Payable,
When D u e.
Outstand’g. statement of the financial condition of Wellsville on July 6,
A g ric u ltu r a l C ollege 1 8 9 3 . 4
1913
$ 1 3 5 ,0 0 0 1 8 9 6 , h a s b e e n compiled C o m a special report to the C h r o n ­
L ib r a r y b o n d s o f 1 8 9 1 ___ 4
J & J
J u l y 1, 1911
1 75,000
Do
do
1 8 9 3 . .. . 4
1913
7 5 ,0 0 0 i c l e from D. A. Davidson, Citv Clerk.
M u n ic ip a l W a r lo a n ............. 6
J & T ( J a n . 1, ’97 to 1905 ! 1 ,3 5 0 ,0 0 0
This city is in Columbiana County.
J ( $ 1 5 0 ,0 0 0 y e a rly .
do
do (o v e rd u e ) ..
5,4 0 0
LOANS—
When D u e.
W a t e r -W o r k s R e f u n d in g —
T r u s t f u n d s ...............................4& 6
( 'KM KTKKY B O N D S—
...................
6 5 3 ,8 1 8
5s, M &S, $ 3 0 ,0 0 0 ___M ar. 1 5 ,1 9 0 2
O f th e t r u s t fu n d s $ 8 0 ,0 0 0 b e a r 6 p e r c e n t in te r e s t a n d $ 5 7 1 -, 6 s, J a n . , $ 1 0 ,0 0 0 .$ 1 ,0 0 0 a n . to ’06
W a t e r -W o r k s E x t e n s io n Cit y B u il d in g B o n d s —
58, J & J , $ 5 .0 0 0 ........J a n . 15, 1 9 2 0
9 0 2 12 b e a r 4 p e r c e n t in te r e s t, n o in te r e s t b e in g p a id o n th e re m a in in g
6s,
J
u
ly
,
$
2
0
,0
0
0
.$
2
,0
0
0
a
n
.
to
’06
T o ta l d e b t J u l y 6 , 1 8 9 6 .. $ 1 3 4 ,9 0 0
$ 1 ,9 1 5 91.
F l o a t in g D e b t R e d e m p t io n —
W a te r d e b t (In c lu d e d ). . .
5 6 ,0 0 0
P A R V A L U E O F B O N D S .—T h e b o n d s o f th is S ta te a r e in $ 5 0 0 5s, J & J , $ 1 5 ,0 0 0 ........J a n . 15, 1 9 2 0 T a x v a lu a tio n 1 8 9 6 .......... 1 ,7 0 0 ,0 0 0
S c h o o l B u il d in g —
a n d $ 1 ,0 0 0 p ie c e s .
A s s e s s m e n t a b o u t Lj a c t u a l v a lu e .
0 0 .$ 1 ,0 0 0 a n . to ’l l T o ta l t a x r a t e (p e r $ 1 ,000) .$ 2 8 -2 0
INTEREST is p a y a b le a t th e C o m m o n w e a lth B a n k o f B o sto n a n d at 5 s,S tJ r&eJe, t$ I1m5 ,0
prov em entP o p u la tio n in 1 8 9 0 w a s ..........5 ,2 4 7
State T r e a s u r e r ’s office.
68. v a r., $ 1 8 ,9 0 0 ........1 8 9 7 to 1914 P o p u la tio n in 1 8 8 0 w a s ......... 3 ,3 7 7
W a t e r -W o r k s R o n d s —
TOTAL D E B T .—T h e s u b jo in e d s t a t e m e n t sh o w s N ew H a m p s h ir e ’s 6s,M
& S, $ 2 1 ,0 0 0 ....1 8 9 7 to 1 9 0 2
INTEREST on th e b o n d s is p a y ­
total d e b t o n th e d a te s n a m e d .
( P a r t p a y a b le y e a r ly .
a b le a t th e oifioe of th e C ity T rea s.

THE CHRONICLE

A ugust 28, 1898,]
M organ

C ou n ty ,

I m l.— T h e

373

Dubuque, Iowa.—T. T. Duffy, Mayor, The following
1, 1896, by means of a

fo llo w in g s ta te m e n t h a s been

c o r r e c t e d t o J u n e 1 5 ,1 8 9 6 , b y m e a n s o f a s p e c ia l r e p o r t t o th e

s ta te m e n t h a s b een c o r r e c t e d to M a rch

C b k o m c l e f r o m J . M . J u lia n , C o u n t y A u d it o r .

s p e c ia l r e p o r t to

LOANS—
WAnn D u e i B o n d e d d e b t J u n e 1 , ’ 9 6
$ 5 0 ,0 0 0
BRIBO E B o n u s j T a x v a l u a t i o n ,- r e a l ......... 7 ,5 0 0 ,0 0 0
6 s ........... $ 3 0 ,0 0 0 .......... . 1 8 9 9 t o 1 9 0 2 ! T a s v a l u a t i o n , p e r s o n a l 2 ,5 0 0 ,0 0 0
( $ 5 ,0 0 0 p a y a b le y e a r l y D e e . 1 .)
; T o t a l v a l u a t i o n 1 8 9 5 .. . 1 0 ,0 0 0 ,0 0 0
C O C .v n B o n d s —
I A s s e s s m e n t a b o u t It a c t u a l v a lu e .
5 s . ........ * 2 0 , 0 0 0 ............1 8 9 6 t o 1 8 9 9 I T o t a l t a s ( p e r $ 1 ,0 0 0 )
$ 3 0 -1 0 %
( $ 5 ,0 0 0 p a y a b le y e a r l y D e c . 1 .)
1 P o p u l a t i o n in 1 8 9 0 w a s — 18.6-13
I n t e r e s t p a y a b le a t t h e J f e r - P o p u la t i o n in 1 8 8 0 w a s ___ 1 3 .9 0 0
c h a n t s ' S a t B a n k , I n d i a n a p o li s .
P o p u la t i o n in 1 8 9 6 ( e s t ) . . . 2 1 . 0 0 0

Mt. Vernon, Ind.—T h e

fo llo w in g

sta tem en t

r e c te d to J u n e 24 , 1896, b y m e a n s o f a

s p e c ia l

has

been

r e p ort

M is c e l l a n e o u s L o a n s —

St o

Bo

c k in g

th e

S agu ach e

This city is the county seat of Posey County.

corrected

P o p u la tio n in 1 S 90 w a s ___ 3 0 ,3 1 1

—

to

C o u n ty , C o l.— T h e fo llo w in g s ta te m e n t h a s b e e n
J u n e 1, 1 8 9 6 , b y m e a n s o f a s p e c i a l r e p o r t t o t h e

C h r o n ic l e f r o m

LO AN S1FA<« D il i. s T a x v a l u a t i o n ,r e a l . . . . $ 0 7 1 ,8 4 2
F e n d in g :
i T a x v a l u a t i o n , p e r s o n a l . 7 0 4 .1 6 8
S i , J * D , $ 1 0 ,0 0 0
f u i t e i . 1 8 9 6 T o t a l v a l u a t i o n 1 8 9 3 . .1 ,6 7 6 .0 1 0
5 s , J & D , 1 0 ,0 0 0
. . . J u n o l , 1 0 0 4 | T o t a l v a l u a t i o n 1 4 9 5 . , . 1 ,5 0 6 ,9 0 5
6 s , J * D , 1 0 ,0 0 0
,. . J u n e 1, 1 9 0 9 t A s s e s s m e n t a b o u t % a c t u a l v a lu e .
B o n d e d d e b t J a n e 1 , 1 8 0 6 . $ 3 0 ,0 0 0 ; C i t y t a x ( p e r $ 1 ,0 0 0 ) ,
*12 00
StaW tu r f u n d ........................
4 ,5 0 0 P o p u la t i o n m 1 * 9 0 w a s
..4 .7 0 5
S e t d ebt J u n e 1 ,1 8 9 6 . - 2 5 ,5 0 0

\Y . A . L o c k e t t , C o u n t y T r e a s u r e r .

C u ntv Feat is Saguache
W h i n O u t.

LOAN Sf.iu iti H

o u se and

7 « , 3& t> , # 3 5 ,1 0 0

h

m o n o

—

........................ 1 9 0 4

Floatlm.- d e b t ..................... $11,000

T o t a l d e b t June- 1. 1 4 9 6
S in k in g f u n d ........................

0 6 ,1 0 0
6 ,0 0 0

N et d e b t ................................... $ 6 0 ,0 0 0
T u x v a l u a t i o n 1 S 9 5 ............1 ,9 2 8 ,2 8 6
A ssesu n n en t *a t o i# a c t u a l v a lu e .
T o t a l t a x ( p e r $ 1 ,000) ...........$ 20-00
P o p u la t io n t o 1 8 9 0 w a s ........... 3 ,3 1 3

INTEREST 1* payable by Kouutze Brothel-. New York City.

I N T E R E S T is p a y a b le a t t h e o d i c y o f t b e C i t y T r e .-.-u r o r ,

TO

n d s

T o t a l debt. M a r, 1. l s y o . 9 1 4 ,2 6 1
T o t a l v a l u a t i o n 1 8 9 6 $ 2 0 ,4 1 3 ,0 0 0
A s s e s s m e n t a b o u t 4 -5 a o t . v a lu e .
T o t a l t a x r a t e ( p e r $ 1 . 0 0 0 ) . . . .$ 1 1

P o p u la t i o n I n 1 8 8 0 w a s ____2 2 .2 5 4
5 s , ............ $ 2 0 ,5 0 0 ................... 1 9 1 1
Corcoran Loan—
P o p u la t i o n in 1 8 9 6 ................. 4 0 .6 5 4
O s , ___ , $ 1 ,3 -1 6 .d u e . n u t p r e s e n t e d
TAX FREE, A l l b o n d s a r e e x e m p t f r o m t a x a t i o n b y t h e c it y .

C h r o n ic l e :

INDEX

J o h n O ’C o n n e ll, C le r k .

F lo a tin g d e b t . ..................... 2 2 0 ,9 8 8

6 s . F e b . 1, $ 3 5 6 ,9 5 6 F e b . 1. 1 8 9 7
O s , ............
1 0 7 ,1 0 1 .. 1 8 9 9 t o 1 9 0 1
N e w R e f u n d in g B o n d s 4 s . F e b .. $ 9 0 , 0 0 0 ........................1 9 1 0

cor­

to

th e C h r q s ic l e fr o m

D u b u q u e is in th e c o u n t y o f t h e s a m e n a m e .
I n t e r e s t i s p a y a b l e b y t h e C it y
LOANSt
'<■'<«« Due.
G r a n t & S m it h S e t t l e m e n t —
T r e a s u r e r a n d in N e w Y o r k .
■Is. A A O , $ 1 0 5 ,0 0 0 . J u n e 1. 1 9 1 6 B o n d e d d e b t M a r . 1. ’ 9 6 . $ 6 9 3 ,2 7 3

C o u n t y s e a t is M a r t i n s v i l l e .

$T*T£

CITY

D£ F I T M E N T .

I n t h e f o l l o w i n g I n d e x refer*jo .e e u m a d e % (/*'• pu<je n u m b e r t o e v e r y ite m r c io f N ii o g S t e l e , e ltjr , i o w u o r c o u n t y ttaancses w h ic h h a s b e e n
p u b li s h e d In t h e p r i e s t v o l u m e o f the- C ttR O J ficu . F o r i n d e x t o it e m * in v o l u m e 6 2 s e e C h s o k i c l f . o f J u n e 2 7 , p a g e 1 1 8 9 . I t e m s i u t h e
c u r r e n t n u m b e r a r e m t n o t e d in t h e i n d e x , F n g M & e e t y p e i r e f e r t o l a b « t r e p o r t s o f t o t a l d e b t , a s s e s s e d v a l u a t i o n , & c . T h is i n d e x w il l b *
p u b li s h e d i n t h e S t a t e A s r o O f f v D e p a k t u ?- s t o f t h e O a n o m a m o n t h e la s t S a t u r d a y o f e a c h m o n t h
I tern s m a r k e d
w il l b e f o u n d iu
v o lo r n e 6 2 ,

4 b b e v U l* ,

§ * C » * ., . . , T,

JoLh^nle^n, M4

...

its a , A p a c h e C o , , A r t * . .,...

i 4 : ArofcbokL O ,

A h f lo n o , fiAn .
.
t£4t£ A rkm m m
. . -A t t a i n * . M a s * ................ f W f A i i t t u e t o o , M «® »..
A d a n » Wins m t . M as.? ,
; A r ie n w . N , T „ .

%m,
A l f e e t o w i t . P a , . . . .......
A n a h e im , C *L

A & tw m m , 8 . C .......... .

*
277 \ A *ihftA tm la» O h io .
'?<! ■ A iim m , A l a .........
4 4 - Ath«f»s*,. G » , ... .

N E W LOANS.

S O sJO d b i d s a r e d e s i r e d fu r t h e p u r c h a s e o f F i f t e e n

T btm m m i jUuttors <4 lh,o®0| Hme per mm- bonds Of
th e Village M A n em e-by-tbe Sen. Town o f Hemp*
stead, County Of Q u m tm . X. Y. On tirenter Xew
T m k h primrmt»l m i& iiitm m A paya ble in V .

mm

m dn o f t-tee p r e s e n t wmm%m€ O f
a n d B n o n iw a .
T bsse
srlll b # to e e d - jj a r s t j a n t t o f n t e o f t h e
t n x i t a y e f a . w i f i Mx d a t e d 1*4 r 4 O c t o b e r , i % « X o n d W ill

% m r i»
totc*re*4
tr r e ;v t- a
a ti
pi e t m m . mn%Mm
_ th
„me t r m d
d«y.»
«y * o f Apr*!
A:
and o e so b rr o f « s d f j w .
B f W Thouvaorj
o f w l b d « d * *r»J
..............................., I M M S o o r er«*Xioa o f a

0

bu«*:li& . a n d w i n 'h e p s y m b le l a sftg fe t s n n u s l i a * t : a l n a e a l a o f O n e TIlHSNsiaiHt D o l l a r * e a c h , o n t h e a r » t
d * f o f O t t o t * e r I n e a e h f S A t . f r o © I t t t ? t o 3S § 4 i » -

tdaafte. «ieir«» Tboo.t#ftd' lieOara o f «aM beoda wttl

4

h e l« )« e » | f o r t h e <*■> n * 4 r » e t b i a o f eai<r#»rt» a n d d r a i n * ,
a e d w ill
n s »a b l e t n m *m i mxmm l I n s t a l m e n t # o f

On# 'ih o e s a a d Dollar*: ®aeb, **n th e d rat day of

O c to b e r in
y e a r , f r o m i f f e l t# .i s ® 7 m d a d r e T S e b o n d * w i l l fee- f o r w » ‘T b m im m d tmttmm e a c h ,

to asaal f o r a , ermptm or re0 * t m 4, «* th e jmrehaiwr
.3®$®® feid* win fee tsewltrswt f o r th e s h o r e fef Toim
B, waters. «i #«-* Fr^nkHn
t. N*,w York. unUS I
Villas.

Clerk, at

C tm T ity ,. X«»w

Y o rk ,

u m i 8 i- M i,r M sjnr-Uj
U l . r to n *
e t e e * tic* W ® w ill ..
« n 4 t b » « * » M » a u > d ff . B M i i d t t M t * « > io m p a nkM by a ™ n l W r k « i t fo r I n * ' to ttm on la y o f tb e
I n n s . .- - o f b e V U b ic e o f '
e t e i s * *111 b o n i w t f t o *11 t m w i . o i u a o « f > .
fBoubl.any
utopom l may
nawbOamepM
U
flio
o k t any b:*Hit*oboan.
bujiw r o h o a o ' PTOPOMI
by
f».U t o t a l * and to y for te e bond* abottert u . bmi, aatt
*(■ •• - >
< • b. - m a t e d | 9 r eo

1

II., i t » ((,,,

. t m S.

|J«

an , J

tr...

T b e b o a S j l g b e d y i t w o w l a t Ib e N «ll.,n al S h o e ft
L e a th e r B ank, srn B r o a d a .y , New V. rk. o n ih e O r.t

1 0.

"vd a y o f* fl
c t-o
o fbe «e rr,, W

T h e T ffe‘S
itees
e ^ reserve" tb « right t,» rejer-i any ar.,1
*11 bid*.
B y o rd e r o f th e

B o ard o f

Traytetw of te e V lilastK

o f A m r a e fey-the-Sen X . T.
M f t i A kv*»-£N -B-•v«tlU t-iB A. A n t w t l iu b , P H .
.

_

J '< H N

a . ft. K a n b a n ,

ci«rk

B- W A T B B S

Q il lt t e o r * . M d . .
'in 1 B a n c r o f t . Xc*b, , , ,
m , Itm m b m , W i # .,.....
40 E x m e jv tlie . O s. .

P r» t8 « n L

.............. *2-11 «Hheravlile,
f
l o Bay ( M y .
Pa
m
~wbhO
m I S te iM u n tn im , o , . . . . to.
200 Blanch***! T
f B ellevu e, Fa,
.......
40 UbmcbetiEor, Q. . . 2 0 0 , 3 2 flift
t
1 Belftttoi, i . S .

$7T,

BONDS.

Dominion and Provincial Government Bond*.
Municipal and Street Railway Bond*
Bought and Sold.

JAS. A M E L D R U M & C O ,
( A .V .U U

1.1 P E

B l I L I ) IN N .

T O R O N T O . O NT.
f, O f tR K B P O J U J E X C K S O L I C I T E D ,

N - &./«*■Im v m tm s A e s t t i s a ftrs t-c -ia * * vm -m ity f m

«f* f t t i t f M l f

so ffobi

.......

f* » r, a n d a ll

nva Boston, Mo#g*..

g

86

40,
40 ; B r a d d o e k , fm ,

.. .
4»» » B ra in tre e , M ass ............

’■

i I m rrU -u
m ; B u o x i, m i <w „

, ............

:: i l

B r i s t o l C o .. M u

r

. ........ .

:m

277
£T 7

N E W LOANS.

* 3 e .* > ,o o o

D IS T R IC T

MUNICIPAL

BONDS

4 a BONDS.
OlJkJIKSttALK. H i m . July OJtb. l« * t .
8 o a l « l but* » U i b o re ce iv e d at th e e m e e o r the
w ndentffned a t t!ii» place until Ttiunalay n oon .
O cto b e r
tears, to t the p u w J ia * -o f T h re e H u n ­
dred anti T ire n ty n v e TUomnutd Doitara t,a 5,ooo)
a ! I b e ftu id la * b o n d . «.f t b e Hoard O f
,. 1, 1m la*loner* fo r th e 1
M i* ,i",ip p i IMKa I j-r e e
Miatrtvt, raid hcuMts to b e o f U«- it.>««tStn.*Mou o f
W r e t i n d n i t l> lia r. (S5WI each, dtui th irty years
front ovtotMir l»t. lawt, b a t ynbleet t o tall a fte r
t e e o t y year* from date, rtud bond* a ir ry iu v s«m ta n n se l « io p «jn » at th e rate o f fo u r p e r re n t ,-,-r
ann um , paya ble on the nr»t d a y , o f April and O cto­
ber o f eat-h year. Said bond* are aettfcortad under
an A r t n t t e e L r s la la m r e o f MIm Im i p p I app roved
M arch !M h. 4 * 0 . No bid w ill b « e o n d d e re il » h k ti
la m ade fo r tec* than par and accru e d i o te r e d .
IllforraattoQ a l l! be ( c r u i .h o l o n app lication to
ten undersigned.
(!. K- P A tiE ,
Secretary a n d Treaaurcr.

CITY OF

NEW

YORK

FOR INVESTMENT.
B A R T H I I,A I t s

IT ’ O S

A P P L IC A T IO N .

>IKM It K ite O F I*HF. N K W Y O R K A .Nil BOSTON
STOCK K X C H A S O K 8 .
II l:\ L K IIS IN c o m m e r c i a l f a f e u .

Blake Brothers & Co.,
m

STATE

hT K

3 KAHHAU

ST„

EET,

BO STO K .

NEW

YORK*

3Sf P c R C E N T

GOLD BONDS.
m m m o v r m b e b i* i, m « .
IN T B R E A T P A Y A B L E -IA X . 1st A N D J U L Y 1*1
A d m inistrators, flfewrdians and oth ers
h olding trust fnnds are aathortacd fey «n net o f the
n ew f o r k l^eamstun*-* pasted M arch tl,. 1386, t o m P R IC B A N D P * R T IC U L A R 8 O X A P P L IC A T IO N

D m .M a in e * , I n . , S c h o o l ................................. 4 M »
> h i * k p s o n , H l e h . , F u n d f n s ............ . . . . . . . . ,5 k
A « b l a n d . W i n , , P n m lin s r ........... ........................3 t
B u r i i n i r u m , W i n ., S c h o o l ......... ........................3 *
W a t w e k a , I I I . . S c h o o l . . . . . . . . . . . , . . . ' . ___. . . .!}*
R o c k R n p l d a , l a . , S c h o o l . . . ...................
.5 a
S h e r m a n . T e x aw. F u n d i n g . ...............................6 m
F o n d a , I n , , W a t e r ....... . . . . . . . . a . . . . . . . . . . . ,...6 * »

Rudolph Kleyboite & Co.

F O R SA LK BY

B A R K E R **.

MASON. LEWIS & CO.,

CINCINNATI, O.

W, N. Coler & Co.,
B A N K E R S.

RANKERS,

31 S t a t e H t.,

1T1 L a H a lle S i

BO STO N ,

C H IC A G O .

Blodget, Merritt & Co.,
B A N K E R S ,

MUNICIPAL BONDS.

t^helr mtm®r rmnwA d o b o t« « r t h a n p e r c h e s * O m js d i s o B o » d s % ffo c o r r e o c y iro u fe te t o

V ,.

$S3 , B en ton Harbor* M ieh. ,

x esi to ihm*s hoods.

CA NA D IA N

40

23? ■ B l a i n e C o * I d a

* 2 0 : i f I t a r t o r * i l t d e f c w , V a u .-tO ,

A rm s* M m * . . . . . .

LEVEE

N O T I C E O F B JU U K O P V I L L A G E B O X D 3 .

e f the

M

j M

Arverne-by-the-Se a.

offlre

m
W t*

to . Athens<5a.f
23? - A a m i! Co., T ex...

N E W LOANS.

VILLAGE OF

P. M. «it «t th e

ikt*.

„ 34 NASSAU STREET.

16 Congress Street, Boston.
*TA TF .

fU T Y

It

KAILROAI)

BONDS

THE CHRONICLE.

374

[V ol . LXIII,

INDEX TO STATE AND CITY DEPARTMENT—C o n c l u d e d .
B r o c k to n , M o m
.
40
B ro o k ly n , N. V — 40.86.
103. VUO,
‘-’77
B ry a n , O ......................... 20 0 ,
'237
B u ffalo , N. V M H 7 .40.
\
134, *200
B u tle r , P a ............................
40 |

all R iv e r , M a ss.4 1 . 87,
a r R o c k u w a y , N . Y . ..
F a y e t t e C o.. O ............
.
F lu s h in g . N . V................41,
F o s s to n , M in n .......... 124.
F r a n k f o r t, N . Y ................
F r a n k li n , lift.........................
F r e e d o m . P a .......................

F

l a m b rid g e . M a ss . *1107,
...
/
40. 103.
200 / 'ia ln e s v llle , T e x .
<’* m elon. N. J .
4 '’. l*W.
324 ' T u lv e s to n , T e x ...............
C a n to n , O h io ........... *1187, 3*2 1 G a s to n ia , N . C .....................
G
e
n
e
v
a
.
N
.
Y
.......................
G i r ls t a d t , N . J . . . .
40 1
C a r th a g e . 0 ........... 4 0 , 1«3.
200 I G ib s o n b u rg , O h i o ............
G ilm a n 111
C a s c a d e Co. S c h o o l D ist r i c t N o . 1. M o n t.. .. *1 1 S 7 G le n R id g e , X . J ................
C h a m p a ig n . i l l ...................
'* I G o la r d Co , T e x ...............
C h a r le s to n , 8 . C ................
277 G r a f to n . W . V a .................
C h a r le s to n , W . Vn.
41 i G r a n d F o r k s . N . D . ..
C h e s te r , P a ....................163.
277 G r a n d H a v e n , M ic h . 2 .0 ,
G r a n d K a p ld s , M ic h . ..
C le v e la n d . < J .. .* i l 8 7 , 4 l ,
S l i . 163,
324 G r a n t C o , N . M ...............
C lin to n Co , O ...................... *20 « G r a y s o n C o., K v .................
C o h o e s . N . Y ..................41,
86 G r e a t F a lls , M o n t ............
S S G r e e n b u s h . N . Y ...............
C o lu m b ia , P a .......................
C o lu m b u s , G a ...................
231 G r e e n fie ld . O .......................
C o n s h o h o c k e u , P a ............
41 G r e e n u p , 111.........................
O o ra o p o lls . P a . .
. . i n , *200
a g e r s to w n , M d -------C o m o p o lls S c h D ls., P a .
*41
a m ilto n , O .................
C o v in g to n . K y ............. 41, 3*2 0
C r a w f o r d Co., l a d ............
20u H a m il t o n C o., n .................
C r ls tie ld .M d .................
41 H a w k iu s v llle , G a ..4 1 ,^ 7 ,
C ro w le y . L a .........................
4*
C uthberfc, G a . ...................
324 i H ic k s v ille , 0 .......................
H ir a m . O ........................200.
86 j H o ld e n . M o ..................... 8 i,
a n v e r s , M a s s .................
a n v ille . P a
S O H o u s t o n , T e x ...................
D a y to n . ()...............
163 H u n t i n g d o n , P a ...............
D e a f S m ith C o.. T e x .......
86
F p s w lc h . M a ss .................
D e c a tu r C o., I n d ...............
88
D e la w a r e C o., I n d .............
A 4 X r o n t o n , 0 ...........................
D e t r o i t , M ic h ..................... 1 2 6 I r v i n g to n , N . Y ...................
D e x te r , M ic h .......................
200 I r w in , P a ...........................41,
D e x te r , M o .............
41,
200
T a m a l c a , N . Y .......... 87,
D o u g la s v llJ e , G a ........ 41,
124
D o v e r, N . H .*...................
l l t l a m a i c a S c h o o l D is t.,
N . Y ......................
D u lu th , M in n ...................
86
J a m e s to w n , N . Y ........
T a n g le B e n d , M in n .........
86 J e f f e r s o n v ille . I n d ...........
C l a s t C le v e la n d . 0 . . . 4 1 ,
163 J o h n s t o n . R . 1.....................
B a s t L iv e r p o o l, O ___
8 9 J o h n s to w n , P a .................
E a s t P a l e s t in e , O. . 124,
200 J o l i e t . 111. .............................
E a s t R u t h e r f o r d . N .J.4 L ,
237
i t t s o n C o.. M in n . . . .
E a s t S t. L o u is . I l l .............
88
i n g s t o n . N . C . .............
E liz a b e th . N . J ...................* 2 4 1
EL kland. P a ..........................
237
a C ro s s e , W i s ................
E v a n s to n , O ................... 41,
86
a k e w o o d , O ..................
E v a n s to n . W y o . . . . *1188,
277
E v a n s v ille I n d ................... ‘2 3 9 L a n s in g , M ic h .....................
E v e r e t t . M a ss ................... *237 L e b a n o n , P a .........................

C

H

D

K
L

321
124
203
277
163
87
163
*37
*201
41
237

oi

200
87
41
*228
41
88
27 /
27 *
41
89
41
8 7
‘2 0 l
23'
277
41
* 1183
237
277
2'-0
163
3 '2 7
210
3*20
87
2 l0
121
41
324
247
90
41
2c0
41
*237
‘2 4 0
200
41
163

203
23S

41

45

4L

90

41
324

20>
Y f a e o n . G a .......................
277
A I u d is o u v ille , O ............
200
M u in o r, P a ...........................
M a n c h e s te r . N . H .
41 3 2 7
200
M a r tin , T e r m —
237
M a s s a c h u s e tt s — 8 7 ,163
M e rc e r C o ., N . J .........237
277 3 -M
200
M e rid e n . C o n n ................41
M ia m i T w p ., C le rm o n
87
Co.. O h io ................ *1188
103
M iam i T w p ., M ilf o rd , O
M id d le to w n , O ........... 200
321
237
M ille r ’s F a lls . M a ss —
M ilw a u k e e , W i s ........ 237
324
277
M in n e a p o lis ,M in n .*1188
277
4 1 ,8 7
42
M is s is s ip p i.....................
277
M itc h e ll. S. D . . . M 1 8 8
M o b e rly , M o .................
203
42
M o n e tt, M o .........................
87
M o n ro e C o.. N . Y.. ..4 2
163
M o n tc la ir , N . J ..............87
324
M o n tg o m e ry , A la ........
325
M o rg a n to w n , W . v a ___
42
M o u n d s v ille , W . V a —
4*2
M t. A iry . N. C ...................
* 1188
M t. V e r n o n . N . Y —
325
M t. V e r n o n . O h io .
42
M u n d s v ille l n d e » e n d en
200
S c h o o l D i s t., W . V a ..
237
M u rp h y , N . C .....................
42
237

Y f a ti c k . M a s s ,___*1188
i v e w a r k , N . J .................
N e w b e rry , S. O .................
N e w B r i ta in , C o n n ..........
N e w C a s tle , P a ...............
N e w p o rt N e w s. V a .........
N ew R o c h e lle , N . Y ........
N e w to n , K a n .....................
N e w to n . M a ss — *1188
N e w to n U n i >n F r e e S c h
D is t. N o . 4. N Y ........
N ew Y o rk , N . Y 4 2 ,1 2 5
101. 200, 237, 277
N o rfo lk , V a ...................

NEW

N E W LOANS

'1 1 8 8
121
824

L e o m in s te r , M a s s . .. .
L e x in g to n . M a s s ..........87
.............
L ig o n io r, P a
L in c o ln T w o .. K a n ------L o n g i s l a n d C ity . N . Y .
L o s A n g e le s , C a l . . . . —
L o u is ia n a .
..............
L o w e ll. M a s s ........... *1188
L u d lo w . K y. .. ................
L u n e n b u r g C o., V a —
L y n n , M a s s — .4 1 ,2 7 7

89

42
325
42

200
42
42

326
*201

N o r t h T o n a w a n d a . N. vT.,
4 5 .1 2 5 , 2 3 7
N o r w o o d , 0 ...........................
238
c o n to F a lls , W i s . .. 87,
16'
42
h l o ......................... * 1188,
O il C ity . P a ...........................
42
O m ro , W in ........................42,
12'»
O n a n e o c k . V a ...................
201
O ra n g e , M a s s ....................... 2 0 I
O r a n g e , n J ..................125,
288
O r e g o n C ity , O r o ................
2"i
90
O t t a w a T w p ., O .................
O x f o r d , M iss.
................
325
O x f o r d U n io n F r e e S c h .
D is t. N o . 1, N . Y . . 1 6 4 , 2 3 8

O

a ln e s v l ll e , 0 ..............87.
2'tv
a l a t k a , F la .................. i2 ,
27*
P a lo A l t o . C a l.........................
4i
P a r k e r s b u r g , W . V a . .. *1188
P a r k e r S c h . D is t.. S. I ) . .
238
P a s s a i c C o., N . J ........125,
201
P a t e r s o n . N . J ....................
16+
P e n n s b u r g , P a . ................
42
P e o r ia . Ill....................2 3 9 ,
325
P e r t h A m b o y , N . J . ..4 2 ,
45
P h i la d e l p h ia . P a ...............
42
P h o e n ix v ille , P a ................
89
P iq u -i, O h io ...........................
42
P i tt s f i e ld . N H ..................... 2 0 1
P l y m o u t h , 111...............
.
2'U
P o r t l a n d , M e ................ l^ o ,
201
P o r t s m o u t h . N . I I . . .164,
201
P o r t s m o u t h , V a .................
278
P r o v id e n c e , R . 1 ..................
42

P

i n t a C o., W y o ..............
n i o n . S. C .......................
U n io n S p r in g s . A l a ___

325
43

U

\ T a ll s b u r g . N . J ..............

Y a n W e r t . O ...................
V ic k s b u r g , M ic h ..........87

99
43

90
12 a

a ll e r C o . T e x ...........
204
a r s i w . N .Y ................
280
W a s e c a C o., M in n ........... *1188
W a s h i n g t o n . I l l ................
126
T > e a d in g . P a .....................
42 W a s h i n g t o n v il le , N . Y .
105
i M c h m o i i d H ill, N . Y . . .
4 £ W e lis io n . O ..................165
2 :8
R id le y P a r k . P a ................
1*44 W e s t b r o o k . M e ...............
238
R ip le y . O h io ................... 42,
121 W e s t C h ic a g o , 111..........
43
R i v e r s i d e , C a l.........................
3 5 W e s t N e w to n , P a ..........
278
R oanoke. V a
..................
87 W e st. P o i n t . G a ...............
43
R o c k a w a y . N . J ..................
20 2 W e s t W in s t e d , C o n n .
?25
R o s ly n , N . Y .........................
202 W illia m s b u r g . V a ..........
238
R u t h e r f o r d . N . J ...............
278 W ilm e r d in g , P a ..............
278
R v e U n io n F r e e S c h o o l
W ilm in g to n . O ................
201
D i s t r i c t N o . 3. N. Y ___ * 1188 W in d s o r . I l l ................
204
W o o d Go.. O .. ^ ..*118
87
a c r a m e n t o , C a l. ..2 0 2 ,
325 W o o d C o.. W . V a .............
44
a e r a m e n t o C o., C a l ___
MO W o o d f o r d C o.. K y ........ ..
S9
S a g in a w , M ic h ........... 164, 2 0 2
W o r c e s te r . M a s s .............
281
S t. A u g u s tin e . F l a ............
2 )2
S t. C la ir s v ille , O ..............
238
V a z o o —M is s iss ip p i D e l
S t. L o u is , M o ....................... * H 8 3
I t a L e v e e D is t., M is s , 202
S t. P a u l. M i n n ................ 42,
16) Y e a d o n , P a .........................
1«5
166 Y o n k e r s , N . Y ..................... 2 4 0
S a lm o n , I d a ..................... 42,
S a n F r a n c i s c o , C a l............ *1183 Y o u n g s to w n ,0 .* ll8 c ,L « 5 ,
27 g

W

S

LOANS.

NEW

LOANS.

MUNICIPAL

# 5 0 ,0 0 0

BONDS.

Co

5 PER CENT.
D a te d N o v ., 1894.
D u e N o y ., 1944.
j Only F e r r y c o n n e c tin g N e w Y o r k C ity w i t h S t a t e n
T O T A L B O N D S O U T S T A N D IN G ,

$ 2 5 0 ,0 0 0 .
V A LU E OF PR O PER TY OW NED.
$

r T a r r y t o w n . N . Y ___
165
27 9
a a u n t o n . M a s s ........ 238
T e m p le . T e x ....................... *1188
T e r r e H a u . e . i n d ...........
23 »
'• 'h r e e O a k s . M i c h ............
43
T o le d o . O h io .....................
43
T r a c y , M in n .......................
90
T r e n t o n , N . J ............... 4 3
326
T r e n * o n S c h . D l s ’ ., N o
2. N . J ...........................
238
T u n k h a n n o e k , P a . . ..
32 5

Q u i n c y , M a s s ......................*1188

GOLD BONDS.
Rapid Transit Ferry

S a n t a B a r b a r a . C a l ...
325
42
S a u s a ll to , G a l .. .. * , ..........
S c h e n e c t a d v , N . Y — 42
87
S e a C liff N. Y ...................
48
S h a r p s v ille . P a . . .4 3 .2 0 2
278
S l s te r s v i ll e , W . V a . . . . 4 ?
165
202
S p a r ta n b u r g . S. C ............
13
S p rin g f ie ld , M a s s ............. * 1188
S p rin g f ie ld , O h io .............
278
S ta ff o rd C o., V a ................ * 1188
S t ic k to n . N. J ...................
43
105
S u is n n , C a l.................... 43
120
S u m t e r C o ., S. C ........ 43

1, 0 0 0 , 0 0 0 .

T h e fo llo w in g s t a t e m e n t is f o r t h e y e a r e n d in g
J u n e 3 0 ,1 * 9 6 :
G ro g s e a r n i n g s .. ............................................................. 8427,600
O p e r a tin g e x p e n s e s ..................................................... *>14,800
N e t e a r n in g s ............................................................... 8119.800
T h i s is a m o s t d e s ir a b le G o ld B o n d o n a p r o p e r t y
n e a r - b y —n o t l ia b le t o b e a ff e c te d b y p o litic a l d i s t u r ­
b a n c e s o r f a i l u r e in c ro n s.
S e n d f o r s p e c ia l c ir c u la r a n d p ric e .

We own various issues of very desira­
ble investment bonds, the principal and
interest being payable in gold.
A full description of these bonds, with
attractive prices, will be mailed upon
application.

E. C. STANWOOD & CO.,
BA NK ER S,

121 Devonshire Street,
BOSTON.

E. H. ROLLINS & SONS,
5 3 S T A T E S T .. B O S T O N . M A S S .

C. H. White & Co ,

L IS T S SE N T UPON A P P L IC A T IO N .

WHANN& SOHLESINGEF,

BANKERS,

72 B R O A D W A Y , Y E W Y O R K .

GOLD BONDS.

MUNICIPAL
BONDS.

Farson, Leach & Co.,
4 W ALL

City of Brooklyn 8^8,
City of Chicago 4s.
City of Pawtucket 4s.

STREET,

NEW

YORK.

BONDS.
M ills
CORRESPO NDENCE

R. L. D A Y & CO.,
4 0 W a t e r S t r e e t , B o sto n .
7 N a ss a u S t r e e t , N e w Y o r k ,

&

B lan ch ard ,

S O L I C IT E D .
B A N K E R S .

C h ica g o ,
1 1 5 D e a rb o rn S t r e e t ,

N ew Y ork,
2 W a ll S t r e e t .

MUNICIPAL BONDS
B O U G H T A N D SO LD.

#

1

STATE

0

0

, 0

OF

0

0

UTAH

Gold 4% 20-Year Bonds.
D A T E D J U L Y 1, 1896.
L E G A L F O R N E W Y O R K 8 A V IN G S B A N K S .
P R IC E ON A P P L IC A T IO N .
FO R SA LE BY

E D W D . C. JONES CO.,
« 1 CH ESTN UT STR EET.
P H IL A D E L P H IA .

80 B R O A D W A Y
N E W YORK.

GOVERNMENT and
MUNI CI P AL BONDS
Bought and Sold.

D e v o n s h ir e B u ild in g ,

16

S ta te

S tre e t,

B o s to n ,

m a ss .

W. J. Hayes & Sons,
BANKERS,

N. W. HARRIS & CO.,
BANKERS
CHICAGO.

BOSTON.

15 W A L T . S T R K K T ,

PHILADELPHIA.
-

NEW Y O R K .

DEALERS IN M U N IC IP A L BONDS,
S t r e e t R a ilw a y B o n d s, a n d o t h e r h i g h - g r a d e In­
v e s tm e n ts .
B O S T O N , M A S S .,
C le v e la n d , O h io.
7 Exchange Place.
3 1 1 -3 1 * 3 S u p e r io r S t .

Cable Addre*8, "K E X N ~ E T H ."