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(Quotation Supplement (m %
o )
m
investors Supplement (g^y)
Street KailwaifSupplement (ur
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a
r
t
e
State and City Supplement
[ E n te r e d AOOor>tlny t o A c t o f O o n g re sa . In t n e y e a r 1 8 9 7 , b y th e W il l ia m B. D a s h Oo m p a . t , In th e o fflo e o f th e L i b r a r i a n o f C o n g re s s .]
i
VOL. 65.
3
SATURDAY, DECEMBER Li, 1897^
£hc Chronicle.
P U B L IS H E D
O U arinti at—
W EEKLY.
Terms of Subscription—Payable in Advance :
F o r O n e Y e a r .. .............. ......................................................................... . $ 1 0 0 0
F o r S ix M o u th s.................................................................... ...................
6 00
E u r o p e a n S u b s c rip tio n (In c ltn lln g p o s ta g e ! .................. ............ 12 0 0
E u r o p e a n S u b s c rip tio n S ix M o n th s (In c lu d in g p o s t a g e ) . . . . .
7 00
A n n u a l S u b s c rip tio n In L o n d o n (In c lu d in g p o s ta g e ) .............. £ 2 10s
do.
do.
do.
S ix Mos.
_ a i los
A b o re s u b s c rip tio n I n c lu d e s —
T u n Q u o t a t io n Bu it l r m e w t
Issued M onthly.
T in t I n v e s t o r s ' S u f i -l i m e s t
“
Q uarterly.
S t r e e t R a il w a y B c p p l b m k s t
'•
Q u arterly .
s t a t e a s o C it y S u p p l e m e n t
Semi-Annually.
A ll o f w h lo h a r e fu r n is h e d w ith o u t e x t r a c h a r g e t o e v e r y .su b s c rib e r
o f th e C o m m e r c ia l a x i > F ix a x c ia l C h r o n ic l e .
F ile o o r e r e h o ld in g s ix m o u th s ’ Is su e s o r s p e c ia l d ie c o v e rs fo r S a p
E le m e n ts a r e so ld a t SO o e u ts e a c h . p o s ta g e o n th e s a m e is 18 o e n la .
Terms of A d rertU ln g .— e r Inch Space.)
(P
T r a n s ie n t m a t t e r ................ . $ 3 5 0 | T h r e e M o n th # (13 tim e # )..f 2 5 0 0
« r 1 * 0 1 * 4 80SINR44 CARDS.
H it M o n th s
(2 6 “
).. 4 3 0 0
T iro M o n th #
(8 tim e # ).. 18 0 0 | T w e lv e M o n th s (5 2 "
) .. 5 8 0 0
L o n d o n A gen ta:
Mmutts. K d w a i m A S m it h . 1 D raper** G a rd e n * . E. O ., w ill ta k e #t&h
s c r ip t loo* a n d a d r e r U s e r a e n U . a n d # a p p l j s in g le c o p ie s o f th e p a p e r
a t 1#. e a c h .
W I L L I 4 T 1 B . D I N A C f U I P A N V , P u bllatsera.
P i n e St r e e t . C o r n e r o f P e a r l S t r e e t ,
P 0 4 r O rn c R B ox 959
N K ff Y O R K .
O LK A R IN G
H O U SE
R E T U R N S .
The following table, made up by telegraph, eto., indicates
th at the total bank olearings of all the clearing houses
of the United States for the week ending to-day, Deoember
11, have been <1,318,031,919, against f 1,389,316,333 last week
and |1,044,101,583 the corresponding week of last year.
CLRABIMii*.
Returns by letegrapk.
Week N adia# December 11.
1897.
1896.
Per Oen>.
S » w Y o r k . . . . . ........... — .........
B o s to n ......... ...............................
P h ila d e lp h ia ...— . . ^ ,
B altim o re
OhlCA«». ___________ _
8 t. L oals .............. ................... .
.Y.w O rte a n .............
9652.938.428
85.870.210
50,014.324
14.149.939
92.077,755
25.708.542
10,497,581
9483,413.433
78.553,173
47.071.589
12,396.206
70.474.443
23.793.757
10,083,754
+34-5
+9*3
+190
+141
+20-4
+80
+4-1
Seven o ltlee, ft ( la y ........ .
O th e r s ltle e, ft d a y ...................
•937.273.780
185.714.233
9733.791.385
144.962,418
+27*7
+14*3
T o tal all o ltlee. 5 d a y * ....
All o ltlee, 1 d a y ---- — — -----
91.102,9a8.013
215.073,916
•878,753.733
165.347,800
+25 5
+30*1
T o ta l a ll o ltlee fo r w eek .
§1,318.081.959
9 1 .0 tt.1 0 1 .M 3
+262
The full details of olearings for the week covered by the
above statem ent will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
u p by the various clearing houses a t noon on Saturday, and
h moe in the above the last twenty-four hours of the week
ha ve to be in all cases estim ated, as we go to press F riday night.
We present below our usual detailed figures for the pre
vious week, oovering the returns for the period ending with
Sitorday noon, Dec-mber ♦, and the results for the corres
ponding week in 1898, 1895 and 1894 are also given. Con
trasted with the preceding week, there is an increase in the
aggregate exchanges of about two-hundred and seventy mill
ion dollars, and at New York alone the g»in is one-hundrel
and forty-one millions. In comparison with the week of
1996 the total for the whole oountry shows an increase of
13-9 per cent. Compared with the week of 1895 the current
returns record a g tin of 10 9 per cent, and the excess over
1891 is 23’4 per cent. Untaide of New York the exoess over
1996 is 10 6 per cent. The increase over 1895 reaches 5'2 per
cent, and making comparison with 1991 the gain is seen to
be 13 4 per oent.
New T or#.. . . . . .
P hiladelphia. ...
PttU D urg............
B altim ore...........
Buffalo................
W a sh in g to n ....
R ochester............
Syracuse............ ..
1897.
»
>,»(>
SgO&MK
2.2I3.M*
k. Is I .113
Ie2«7.1b
S c r a n to n ...........
W ilm ington—...
B in g h a m to n .....
T o tal M ldJle.. ..
777,21
•45.901
Wt,U»J,X3-
B oston.............. .
P ro v id e n o a .........
H a rtfo rd ............... ..
New H a v en ..........
Springfield...........
2.407,011
1.081 O *
S
Week ending December 4.
ISO/.
1890.
1805
P. Oen.
_ •
#81,883.071
+10
688,123,92
d*.* 71.772
+ 19
8 1 010,9(7
14,0.10,11,7
+19
10.1U.326
lo.2 ef.5i:
+10 (
16.131 113
4.821,7.-:
+101
5,811,67:
2 0-40,271
+8 7
*2.315,3' 3
+173
1.864.0 u
2 055,7#1.012,21)
+24*6
1,407.580
1,017.73;
+8
870,5 1i
051.33
+ 19
705,308
357.4#*
-3
882.60
703,611,/*0
+ lo ‘t 8L0,%9c,</o
114.879.00
—5
103 202,870
5tt8l.60«
— (
8
5.757.10)'
3,202.04
+10 4
2 & 6.890
r
1,489.000
T 13
1.840 381.312.35
+9-5
1.847.585
1,523.16
—I t
1.638 7*.
1,400,35
+21 1
1.23 2 815
1,081,671
-5
912.974
+27 i,
601,062
857.93
611331
—19
604.300
I30,9#ft,*7»
—
4*o 120,161,11
Worcester............
P o r tla n d ............
Pall R iv e r........... .
L o w ell.......... .
New B edford.......
.
1.477.271
1,0:5 74<
i.irjc.as:
7«9,59S
500.044
1W.S41.180
Chicago................. .
C in cin n a ti.........
D e tro it..................
C leveland............. .
M ilw aukee...........
C olum bus............ .
Indiana poll# . . . . .
P e o ria ...................
Toledo..............
Qrand R apid*....
D ayton...............
L ex in g to n ............
Saginaw ................
Kalamasoo...........
A k r o n .............
Bay C ity...............
R o c k fo r d ...........
Springfield. Ohio.
C an to n ..................
Y oungstow n*-....
.
1IS.«»33S
9U.0JS.053
18 7 10,00)
13.188 50
7.285.7«
ll.isi.lit4.8PM.79-.
«.»tl 735
ft.9UI.udr
I.90X.4S4
4 879.SOO
S.UUU.2CU
2 340.241
3 741.72'
1.032.031
2*01.771
1.&U1.73I
1.779.59#*8.7*
731.282
715.44 <
04U.O7*
468,691
887,370
*93,WV
882.6#)
205.466
29.t. DH
#73.0 >.
292,601)
220 .-at
224.60157.341
174 15.
170 20)
153,916
190.37a
158,101
336 355
18j.2ii.U40 141.29h.«ci
San F n & e te o o ....
Balt Lake C ity ....
P o rtla n d ...............
Loa A ngeles........
Tacom a.................
S e a ttle ...................
Spokane................
F argo...................
Sloax Fall*..........
Total Pactflo....
io.ois.asi
2.222 ID'i
2.V73 oaf
i.0S2.94tJ
891.10)
1216.111
y:>w.7in
413.517
119.118
29.263.P4I
K ansas City.
M inneapolis..
O m aha..........
S t. P a u l........
D e n v er.........
D aven p o rt...
St. Joseph ..
Des M oines..
Sioux C ity ...
L in co ln .......
W ic h ita ........
T opeka.........
F re m o n t.......
H a stin g s.......
T o t. o th e r W est
St. L o u is................
New ' irlean*..........
L ouisville..............
Halves to n ...............
H o u s to n ...- ..........
S avannah .............
R ichm ond..............
M emphis...........
A tla n ta ............ ..
D allas.f.................
N ashville..............
N orfolk..................
W aco.....................
F o rt W o rth ..........
a n jrtu f»................
B irm ingham ..........
K n o x v ille... . . . . . .
L ittle Hock..........
Jac k so n v ille .........
C hattanooga..........
T o tal S outhern
Total a ll.............
O utside N. York
NO. 1891.
+17*0
Hi
+171
+41 7
+Y01
+223
+ 101
+34 l
-t-J*-.
+20 ;
w-i6*;
+193
+5-1
+110
—
6”«
—01
—
9*,
+10 1
T 20 4
.......
+10 u
1011 477.0D7
13.4SU.7ai
0,819.3 >
1
0.0:47,99.
3.0**4 400
2.508.684
1 04O.*7*
2.147,799
871.32?
750,000
H9.807
438 281
313 lui
641,24k
213 . 77 ;
159.231
228 33 >
191.093
I8f)|.
610.614 9'1
71,573.402
13.04) 702
*».2)4 501
4.943.710
*.*’8026
1,716,923
1,017,c09
683,190
03i 394
330,800
723,141 780
100 500,012
5,429 1 ;0
2.315,573
1.616,<08
1.4 21,000
1.307 162
1.455 530
1.363,005
660,658
481.408
116,639,582
106 051.798
14.236..'00
0.
6,v 65 733
5.159,227
3 835,400
1. H1X.99&
2,835,487
872,825
518 5 id
#00,912
*79.320
256,787
350,009
162.694
227.600
196.327
150.510,816
148 642,712
1S.29S,0li7
1.813.780
1.811.811
1,460.661
0*2 036
651.689
5I0.IK0
191.340
110.054
21.934,921
13 640,002
1.791,270
1 601.876
1,243,894
633 965
6"!'.OjO
S»’8 118
129 956
94.410
11.838,633
13.0II.P5M
5.629.876
0.2 f3 057
2 610.835
760.403
1.609,050
1,230.000
800.331
390,000
153.454
581,55*
104,23*
101,372
45,810,504
+ 81
17.083.988
+14*0
1.950,070
+0.V1
1,679.010
1,108.974 + 13 6
533.165 +076
542 771 +124 1
+8 0
888.822
110,708 +2730
45.527 +161 6
+ 17*0
24,905.017
—1*7
12.015 588
+15 4
11,277.344
3.060 SH
U + 42 3
+310
4.760. .354
+ 11
3,688.1 >0
700,00 J
t 57
+f i
1 421.287
1.201,907
+ 22
+ 39 'c
572 723
+ 89
379.114
3*8.740 +38 0
+220
474,500
+514
08.834
+243
81.560
+13 0
39.849.8/0
12.407,833
10,853.228
4,002.61V
0.013 018
3.284.282.007 80S
1.654.0(10
L2H5.00U
819 4««
513.057
492,18
449 517
74,030
90.08))
44.573,501
33.511.808
12.608.100
7,338.231
4.762.300
4.037,012
8,215.974
2.738 817
2.807 101
1,070,204
28.740,407
10.731 870
7.107,387
8,991,400
3.531.283
2 824.505
2 608 798
2,819.054
1,745.007
+13*1
+175
+3"2
+193
+ h ;i
+119
+20 3
-0 4
-4-0
27,274,670
14,072,893
7,845,828
3 8*8.823
3.722 0*8
3,805.560
2.093,001
2,901.788
1.997,919
26,-i05.163
13,816 8>3
7.201 8 S
O
3.922.483
3,900.000
8,007.088
2.5 ’1,699
1,203.140
1,*05.099
1,205.415
1,315 5 7
720.191),
1 734 070
1,425,000
821,557
1 06.4.03 - •
1,001. A
<9
668,6401
119.816
460.252
443/' 701
400.0 *0|
402,281
202.774!
2*0.31#
317.7#*«!
251 245
72.096.13
80.448 940
l.*a9.0*3J»»l 1,202.017.008
57"), 723.0231 520,763,993
+9*7
—0-4
—60 5
+73 6
+01
+24*2
—4‘v
‘
1,161.012
1,432,202
1.178.(18*
782.241
900.002
642,982
412O0H
625.97M
203.84320.833
75.84',560
1.326,007
1,218,300
—00
-1 0 4
+35 0
V U -.|
19.012.591
ll.194.6SO
8,174,312
5.266.541
4.927,406
3,064,4 20
1.640.618
1,271 045
814 78 >
569.507
673,457
507.029
81,428
86.211
38 17j ,*oo
8JM
035S
1.713.484
701.000
0il,68>
05 >.000
427,909
434.631
2S8 930
71,813.019
1,118,323,128
+1SS 1,235.009,20 l
+40*01 617.100.34' 507.658,107
13.673 783
18.832.025
13,174,0511.801,838
-2 2
0.928,55S
9.072.3t«
9,400.218
-7*0
8,088.49
1,371.506
+3 2
1,331 878
1.3 '11,38"
1.300.23a
2.275 300
+ 5*8
1,092.096
2.161.390
1.878,870
703.805
802,997
80 >4.657
-12*3
801,751
Tamil ton........... .
570 00'
617.591
+4*2
S t.J o h n ........... . . . .
27.110.80l
21,901,827
•S.070 l9ol
—
3*4
25,911.8 4
T otal C anada• .Not Includod In to ta ls.
t P ublication discontinued for th e present.
M ontreal...............
Toronto .............
H alifax. ..............
W innipeg,............
76
1090
THE CHROMCLE.
[VOL. LXV.
ganization committee in having agreed to pay the full
amount of the Government claim- on the U. P. main
line, principal and interest, onerous though the price
was, rather than risk indefinite delay at the hands of
Congress in the reorganization of the whole property.
Various propositions for dealing with the matter have
been offered in both the House and Senate,
THE F IN A N C IA L SITU A TIO N .
and the Senate has passed a resolution ask
The more hopeful spirit animating business circles ing the President to apply to • the Court for
noted in this column a week ago has not only con a further postponement of the sale, now set for De
tinued since then, but has daily given evidence of cember 16. Press reports state that the Attorneygreater strength. There have been no favoring influ General will act in accordance with this resolution,
ences other than those we cited in our last, unless we and also say that no doubt is entertained that the Court
describe as new the later developments which have will accede to the request. With only a branch line
given emphasis to the same truths. The President’s to deal with the question is, of course, greatly simpli
Message was chief among these later developments. fied. But it is plain enough from what has happened
It proved to be a discreet and conservative document; this week that if the main line, like the Kansas di
touching all the points about which there was most vision, still remained undisposed of, the reorganiza
anxiety, it served to quiet incipient fears and encour tion of the property would be tied up indefinitely, to
age rising hopes. P>ut who did not know that it the infinite harm of all interests in the property.
The position of the Administration regarding the
would be all that? It was the light that it
cast before its issue that gave the fresh start Kansas lines is defined in the President’s message.
to Wall Street. Ko one had reason to doubt a The President is anxious of course that the United
week ago any more than this week its tone and posi States shall receive the most that can possibly be ob tion with reference to Cuba and Spain. Then, too, tained for its claim, but evidently even he does not
,tlie President's currency reform suggestions proved entertain the notion that in this instance there is the
simply to be at one with all his promises and acts be least likelihood of getting the full principal of the
fore and since his election—a mere representation, or debt together with all the arrears of interest, as was
perhaps we might say the culmination, of what had the case with the main line. He seems to think that
berome public before. It is proper to add though the Government should protect its claim to the amount
that his currency proposals have given increasing sat of the principal sum of the debt. He points out that
isfaction the longer they have been studied. Taken this principal sum is $6,303,000, but that in addition
together they are comprehensive and progressive.
there is due $6,626,690 for unpaid and accrued in
Of course nothing definite was known last week or terest, making the full aggregate of the debt $12,can be known now with reference to the prospects of 929,690. By the decree of the Court the upset price
legislation, especially in the Senate. But the feeling is fixed at only $2,500,000, and this is all the United
is growing in business circles that if a determined States would receive on the $13,000,000 due it
effort is made a substantial advance towards currency unless it should appear as a bidder itself and
reform will be achieved during the present session of protect its claim. Mr. McKinley remands the
Congress. Trade conditions are likewise improving. whole matter to Congress, but states that in the ab
T he phenomenally strong position of wheat con sence of action by that body he will “ direct the Secre
tinues to be the prominent feature, though the tary of the Treasury to make the necessary deposit as
speculation in Chicago is a somewhat disquieting required by the Court’s decree to qualify as a bidder
event. Corners are rarely successful, even to the and to bid at the sale a sum which will at least equal
•operators, and in the end are always harhifuq the principal of the debt due to the Government.”
to producers; they interfere with a healthy The proposition suggests that the President is inclined
development of trade ; they introduce forced methods to lean to the side of conservatism. Whether all
instead of natural influences ; their tendency is to things considered, the course outlined will prove best
produce such conditions that the reaction when it in the end, only the future can determine. It all de
■comes is to abnormally low prices in the swing from pends upon what the reorganization committee shall
■these abnormally high which the corner established. decide to do—whether they think it desirable and
What connection there may be between the break in wise to pay the principal sum of the debt. Up to the
foreign exchange this week and the wheat speculation present time they have given no intimation of their
we -cannot say. There may be none or very little. It probable action.
is said, however, that wheat shipments have been ex
The new management of the Long Island Kailroad
pedited by those who are engineering the corner, and has made another commendable departure. Since Mr.
that bills have thereby become unnaturally abundant. Baldwin succeeded to the Presidency of the company
'Cotton bills, too, have been making fast, the exports reforms have been introduced in various directions—
-of recent weeks having been the largest on record, in the matter of the operation of the road, in the
while values, notwithstanding the lower market price, treatment of the accounts, and in dealing with secu
have been very considerably in excess of a year ago. rity holders and the public. He has now taken another
Altogether then the wonder is, not that the market step in pursuit of the same plans. It is evidently
■should have dropped to the rates now ruling, but that going to be the policy of the company to furnish
dhe rites should not have dropped lower.
regular monthly returns of both gross and net
The attitude which Congress has disclosed this earnings. At all events we are able to present a
week with reference to the foreclosure sale of the statement of that kind for October and the four
Kansas Pacific (the unsold portion of the Union months of the new fiscal year. And the company
Pacific system) must be regarded as demonstrating has favored us too with the figures for both the Long
the wisdom of the action of the Union Pacific reor Island proper and those for the entire system; that is
Ox pages 1117 to 1127 to-day will be found Presi
dent McKinley’s message in full and also extended
extracts from the report of the Secretary of the
Treasury.
___________
D
ec bh beb
11, 1897.]
THE CHROJNICLE.
1091
0
including the results on the Prospect Park & Coney j and East and to near-by points. One feature of las
Island and the New York & Roekawav Beach. The week’s bank statement was the absence of returns from
officials have for some years furnished the C h r o j u c l e the United States National Bank, the business of this
estimates of the monthly gross (though sending out institution having been entirely absorbed by the West
no regular printed statements) and have also made ern National, which reported average deposits of $24,the quarterly returns of gross and net and fixed 713,000, placing it among the nine largest banks in the
charges required by the State Railroad Commis Association. On Monday the Union Pacific reorgani
sioners, but the present is the first time that zation committee paid into the National City Bank
monthly figures of gross and net earnings and charges #8,538,401 on account of the purchase of the road,
have been given out. The showing made by the making #14,638,401 thus far paid on this account in
returns is very gratifying. For October the gross addition to the $13,645,250 paid for the securities in
earnings of the “ system ” are #380,796 this year, the sinking fund. This payment of IB-,538,401 will
against #333,444 last year, and the net #105,785, doubtless be reflected this xveefe in the deposits of
against #-84,566. For the four months gross is #2,130,- the National City, carrying these deposits up to about
107, against #2,000.541, and net #913,192, against $ 100, 000, 000.
Money on call, representing bankers’ balances, has
#869,987. Allowing for the fixed charges, there is a
surplus of #536,098 for the four months of 1897, loaned at the Stock Exchange this week at 1£ and at
against #478,418 for the corresponding period in 1896. 2 per cent, but the bulk of the business has been at
Of course the summer months constitute the best If per cent, and as*very little has loaned at the higher
rate the average has been I f per cent. Banks and
period of the year.
The Northern Pacific is the latest of the reorganized trust companies loan at 14 and at 2 per cent-, with
companies to join the ranks of the dividend payers. If per cent as the average minimum. Time contracts
The board of directors of the company yesterday de are freely offered, but the demand for short periods is
clared a quarterly dividend of one per cent on the small, commission houses preferring to rely upon
new preferred shares. The company has been the call loan branch of the market. The inquiry for
showing such noteworthy gains in earnings re loans on sterling collateral is reported quite light; it
cently that the action causes no surprise. The is thought that the majority of these transactions have
dividend is to be from the earnings for the been made on call, call rates being lower than for short
quarter ended December 1, and with similar divi time, and these have stood from- day to day without
dends of one per cent each for the two suc disturbance. Quotations on good mixed Stock Ex
per cent for thirty to sixty
ceeding quarters the charge against the earnings for change security are
the fiscal year ending June 30 1897. will he 3 per cent days, 3 per cent for ninety days to six months and 3-J
instead of the full 4 per cent. There seems to be no per cent for seven to eight months. On Wednesday
reason to doubt that regular 1 per cent quarterly divi there were quite liberal offerings and some engage
dends on the preferred stock can he maintained. ments at 3 per cent for six months. The local de
Indeed it is certain that if the management were not mand for commercial paper continues good, but the
confident in that belief, the dividends would not have supply does not materially increase, and rates are firm,
been begun. The statement submitted at the meeting at 3@3f per cent for sixty to ninety day endorsed
makes it evident that the current year's net results will bills receivable, 3|@ 4| per cent for prime and 4f@ 5|
show 4 per cent earned for the preferred shares, putting per cent for good four to six months' single names.
There has been no feature of importance in the
the most unfavorable construction on the outcome.
With the results for November and December partly European political situation this week. The Bank of
estimated,net earnings for the half-year ending Decem England minimum rate of discount remains unchanged
ber 31 1897, it is calculated, will he #6,640,000. The at 3 per cent. The cable reports discounts of sixty to
fixed charges for the entire year are only about ninety day bank bills in London 2 15-16@3 per cent.
#6,000,000, so that in these six months the The open market rate at Paris is 2 per cent, at
company has earned #640,000 more than the Berlin it is 4f- per cent and at Frankfort it is 4f
amount required for the charges for the whole per cent. According to our special cable from Lon
twelve months. Of course the July-to-I)ecember per don the Bank of England lost ,£200,256 bullion during
iod constitutes the best half of the year. But in the the week and held £32,177,114 at the close of the
Jauuary-to-June period the company earned even in week. Our correspondent further advises us that the
1897, when the weather was the worst experienced in a loss was due to the import of £32,000 wholly from
dozen years, net of $2,145,000. Hence should net in the Cape and £232,000 net sent to the interior of
these six months in 1898 he no better than that, there Great Britain.
The foreign exchange market has been generally
would be available #2,785,000 for the preferred shares
on the operations of the twelve months. This is, weak, influenced by the abatement in the inquiry for
roughly, 4 per cent on the #71,000,000 of preferred long sterling for investment, noted last week ; by a lib
stock outstanding. As a matter of fact it is deemed eral supply of bills against grain and against cotton,
likely that the surplus will be from 1 to 1£ million and by a light demand for remittance after the mails
dollars above this amount. In order to correct erro closed on Tuesday for the steamer of the following
neous impressions, it may be well to say too that the day, there being no European mail on Thursday.
improvement now shown in earnings is not the result The range for nominal rates for exchange is from
merely of a largo grain movement. It follows from a 4 83£ to 4 84 for sixty-dav and from 4 86| to 4 87 for
general expansion all along the line of the road, about sight. On Monday Brown Bros. & Co. and Heidelthe only exception being at Helena, Montana, where bach, Ickelbeimer & Go. reduced their posted figures
the conditions are unfavorable by reason of the de half a cent; on Tuesday Baring, Magoun & Co, low
ered their rates, and on Wednesday the Bank of British
pression in stiver mining.
Money continues to move toward this centre from North America also made a reduction, leaving all but
Chicago. But there has been an outflow to the South one of the leading drawers posting 4 83£ for. long and
THE CHRONICLE.
1092
for short. Kates for actual business were re
duced one-quarter of a cent on Monday compared with
those at the close on Friday of last week, to -1 82$@
4 for long, 4 85}@4 85$ for short and 4 8of@4 86
for cable transfers, iind the market closed weak. On
Tuesday the tone was steadier until the afternoon,
when it grew easier, but no change was made in rates
for actual business, though commercial bills were
quoted one-quarter of a cent lower in consequence of
more liberal offerings. On Wednesday the market
was again weak and rates for actual business were
reduced one-quarter of a cent to 4 82|@4 82$ for long;
4 85$@4 854 for short and 4 854@4 85$ for cable
transfers, while there was also a reduction in the rates
for commercial bills and for Continental exchange.
The market was dull and easy on Thursday without
any change in rates. It was reported in Chicago that
one of the banks there had loaned its credits in Ber
lin at 4f per cent. Yesterday the market closed quiet,
and the only change was an advance of one-quarter of
a cent in commercial bills and a like advance in cable
transfers. The following shows daily posted rates
for exchange by some of the leading drawers.
4 St;.}
DAILY POSTED KATES FOB FOREION EXCHANGE.
FlU.,
Mo n .,
Dec. 3. Dtc. 0.
Brown Bros........{ |?K h u 8:
Baring,
S 60 days.
M agoun & Co.. ( Sight...
Bank B ritish
5 60 days.
No. A m erica.. ( Sight...
Bank of
(60 days.
M o n treal........ ( 8 ig h t....
C anadian Bank (60 days,
of Commerce.. <S ig h t....
Heidclbach, I c k -(60 days.
elheim er < Co. ( Sight....
fc
Laz&rd F reres... j
!
M erchants’ Bk. (60 days,
of C anada........<S ig h t....
84
87
84
87
84
87
834*
86*
84
87
84
87
83*
86*
834*
86*
TUjiS..
Dec. 7.
83*
86*
64
87
84
87
83*
86*
84
87
S3}*
8 6 }*
33}*
80}*
8 S>*
86>
ft
834*
86*
83*
86>
S
84
87
83}*
86*
84
87
83*
864ft
83V*
8 6 J*
83*
86*
W : r , . T h u s .,
FBI.
Dec. 8 . Dec. 9. Dec. 10.
83}*
83>*
83}*
86*
86*
80}*
83 V
*
83}*
83}*
fe *
8 6 }*
80*
83*
83}*
S3}*
66*
83*
86*
83V*
83}*
83V*
8 6 }*
86*
86*
84
84
84
87
87
87
83}*
83}*
89}*
8 6 }*
£6 *
83*
83}*
83}*
83}*
8 6 }*
86 H
80}*
83}*
83V*
83}*
60*
8 6 }*
86*
Kates for actual business yesterday were 4 824 @
4 82$ for long, 4 85$@4 854 for short and 4 85$@4 86
for cable transfers. Prime commercial bills were
4 82@4 82$ and documentary 4 814@4 81$.
Bar silver advanced in London on Monday to 27$
pence per ounce, reported to be due to purchases by
Russia. On Wednesday the price fell off to 271pence and on Thursday to 264 pence, probably influ.
■enced by the announcement that the India Council
will next week resume the sale of bills, offering 40
lakhs.
°
Amount of bullion in principal European banks.
December 9,1897.
Bank of
December 10,1896.
Gold.
Silver.
Total.
Gold.
Silver.
£
32,177,114
70,550,036
28.711.000
87.903.000
9.266.000
2.028.000
2,828.000
£
£
32,177,114
124,928,676
43.503.000
60.857.000
20.285.000
9.354.000
4.212.000
£
35.088,012
77,141,770
28,280,000
80,630,000
8,628,000
2.634,000
2.775,333
£
lo ta l.
£
35,683.012
48,377,910
49,231,500 126,373,330
14.791.000
14.496.000 . 42,776,000
12.394.000
1 2 .6 8 8 . 0 0 0
43.218.000
11.030.000
10,190,000 18.718.000
0,726.000
6.769.000 9.403.000
1.411,000
1,387,607 4.163.000
Tot.this week 190,112.750 94,732,940 281,815.090 186,677,115 94,062,227
280.339,342
weV.w’k H*2 2 7 *.W 7 0 4 .7 9 7 .fV 4 287/’0«.70l
7
Q1.914.7H6 280.571,389
LZMglnnd........
F rance....
•8 erm any *....
<
AasL-Ilung'y
Spain.............
N eth erlan d s.
N at. Belgium*
And till 1 Ion Vu U,e B sok ,,f
1
^
B bI^
, ° f “T
Iron) th n b e st .estim ate wo are X
to ohtafu ; f„ ° n m th e i
p a lm ed to bo acourate, as those b anks m ake no d i s t i n o t i i n timi,
wp^klv retu rn s, m e re ly rAnnrtimr m.e I o««-«i" w ! d L d silver
1
,1
w eekly re tu rn s , uierelv m p o rU n V th o *•< t a
l,ie
io n w e m a k e is a c lo se a p p r o x ia ia tio n .
*
e
, A 0 !‘1 ,
8
r«o©lve Tile fo re g o in g r e s u lts w e e k ly b y c a b le a n d xvhr
^ o t ^ l i of th e d a te m v e u a t th e h e a d o f th e c o lu m n t C
i?A t h a 1
i-nrns M i n d n e a r e s t to t h a t d a l e - t h a t i s .t h e la te n t
The following statement gives the week’s movement
» t money to and from the interior by the
hanks.
Week Ending December 10,1897.
New Yor
Received by Skipped b y N et Interior
N. r . Banks. N. Y. Banks.
Movement.
•currency.......................................... i $ 3 , 3 9 5 0 0 0
$3,127,000 Gain. $208,000
0 d ......................................................
624,000
333,000 Gain. 293,000
___T®T* 1 gold and legal tender*
1 « 4 n ip nnn
*3
mwi rjfvln «5<9 rv»«
f Vou LAV.
With the Sub-Treasury operations the result is as
follows.
Week Ending December 10, 1897.
Into
Banks.
B anks’ in te rio r m ovem ent,as above
$4,019,000
14,100.000
Out of
Banks.
N et Change in
Bank Holdings.
$3,460,000 Gain. $559,010
14,000,000 G aia.
100,000
T o tal gold a n d legal te n d e rs ....... $18,119,000 $17,460,000 Gain. $659,00 0
TH E C U R R E N C Y , P R E S ID E N T ’S M E S S A G E
A N D T H E S E C R E T A R Y ’S R E P O R T .
The President in his message and Secretary Gage in
his report place currency reform as the chief business
of Congress at its present session. They both likewise
clearly, and with commendable earnestness, show the
need there is and how peculiarly favorable the condi
tions are for such action. It now remains for the
House Committee to give shape to the best scheme a
majority of its members can formulate, and for the
people to show their determination to have the measure
acted upon by the House and pressed upon the atten
tion of the Senate. Of course Congressmen, Senators
and editors will he found who will affirm that no legisla
tion relating to the currency is possible this year.
That assertion should only stimulate those who know
the need for reform to greater exertion. Errors,
which are as tenacious of life and as persistent growers
as the worst weed the farmer ever has to contend with,
will never be removed until the work is undertaken
with a spirit that does not cower before discourage
ments.
If we were to form a plan which expressed precisely
our own ideas, it would not correspond in some re
spects with Senator Gage’s plan nor with the Presi
dent’s suggestions. That, however, is illustrative of a
condition which in our view should be of no moment in
this controversy. We have an evil deeply embedded in
public prejudices and of long standing to eradicate,
and just as there is more than one way to root out an
old stump, and each one who is working over it will
have his own method, so it happens in this case; but
fortunately in both there is a controlling voice which
in the end directs. As at present situated, the
Congressional Committee and after that Congress
are the body of final appeal. Throw as many plans
into that hopper as are found to possess merit,
and from the suggestions they contain and from
their own studies let the Committee, guided by the
principles all reformers are seeking to obtain, grind
out the best bill it can. Undertaken in that way, the
end is likely to ensure the country a more complete
device than any single pet measure now existing
would have been. It was along those lines that the
Constitution of the United States was constructed.
If the ideas of any single member of the Constitu
tional Convention had been adopted throughout, the
result would have been a very faulty instrument. As
the outcome of discussion, of attrition and of earnest
deliberation, an instrument was produced which,
judged by its works, is believed to be for its purpose
as nearly perfect as any ever written.
It is of interest to know that the Banking and Cur
rency Committee of the House held its first meeting
on Wednesday and took steps to begin the work of
shaping a satisfactory measure to report. Mr. Hill
of Connecticut, one of its members, if his words were
correctly stated, seriously misapprehends the Presi
dent’s position. He moved, it is said, that a bill be
at once reported to the House embodying three of the
DEOEMBEB 11
150*7. |
THE OHKON1CLE.
financial features which had the President’s approval.
The provisions he cited were that national banks be
allowed to issue “ circulation up to par value of bonds
deposited;” that the tax on circulation be reduced
“to one-fourth of one per cent;” that “the estab
lishment of small banks in rural communities” be
authorized. These Mr. Hill is stated to have again
added “ had received Executive approval.” Is the
inference that statement leaves correct? Does it not
reejuire one to cut off the last portion of the sen
tence which doses the President's approval? Mr. Mc
Kinley -ays: “ If the suggestions I have herein made
shall have the approval of Congress, then I would rec
ommend that national banks be required to redeem their
notes in rjold.” Severed from the closing clause of
the sentence the proposals of Mr. Hill would be very
objectionable and have nothing to recommend them;
if he had added the redemption feature and developed
the provision in the bill he offered so as effectively to
have carried out the idea— in that case very likely
a good many would favor the proposals.
Among the other proceedings of the Committee a
resolution was adopted inviting Secretary Gage
to embody in a bill his views for a revision of
currency and banking affairs; this action elicited
the fact that the Secretary was now at work
preparing such a measure and that it would be avail
able for the committee in about a week. It seems that
in a few days the results of the Monetary Commission
of the Indianapolis Convention of business men, which
has been in session at Washington during past months,
will likewise be made public. The labors of that Com
mittee ought to. and we think will, produce a very
helpful document. Ore condition threatens to inter
fere with the preparation of a plan by the House Com
mittee. Wo refer to the fact that almost every mem
ber of the Committee has a plan of his own. To re
duce them all to pulp and out of the pulp to manufac
ture the best device the material is capable of produc
ing wilt require a serious sacrifice and conspicuous un
selfishness. And yet is not that about what the occa
sion calls for?
We did not intend to discuss Mr. Gage's plan.
Until we have his bill, in which bis suggestions will
necessarily be worked out, no one can intelligently ac
cept or criticise them. We believe, as we have so often
said, t hat the feature which above all others should be
provided by any new currency arrangement is a most
thorough system of redemption. A device that does
not give the country a note in touch with commerce,
that (toes not provide a currency automatically increas
ing ami decreasing with the increase and decrease of
the requirements of commerce, will be a failure. With
out snob a feature periodical currency congestion,
and in prosperous times currency dearth, will he a
constantly recurring evil, disturbing our foreign
exchanges, all gold movements and our domestic
business.
T in :
WORK
OF TH E A P P R O P R I A T I O N S
COMMITTEES.
Secretary Gage’s estimate of revenue and expendi
ture for the current fiscal year is accompanied, as
usual, bv a similar estimate for the succeeding year.
He reckons that the receipts of the twelve months
ending June 30 1808, offset by appropriations (both
estimates by the Departments) will leave a deficit of
• <88,(M O . For the twelve months ending June 30
>0,O O
1093
1899 (appropriations and revenue estimated in the
same way) he figures out a deficit of $21,647,885.
This is not cheerful reading; because the Treasury’s
struggle for three or four years past has been to
rid itself of this very deficit in revenue. That the
deficit since the fiscal year 1893—a deficit which
began, as is shown by the Treasury’s quarterly
returns, in the last half of 1892—-has exerted a
damaging influence on the financial situation, no one
in any party doubts. That it has overcharged the
currency at times when the supply was already super
fluous, and that it has thereby intensified the pressure
of legal tender notes for redemption in gold, are facts
which well-informed people equally recognize. The
President set forth clearly in his message to Congress
in the recent extra session the duty of the majority to
put a stop to this demoralizing influence. Indeed, even
his plan of reserving in the Treasury notes redeemed
in gold is made wholly conditional on the existence of
a surplus revenue.
Most people are aware of the unexpected shortage
in the revenue under the present tariff act. We have
hitherto expressed our own views in regard to this
phase of the matter, and have shown the possibilities
of a change for the better. But there is another side
to the question of a deficit which deserves, and which
we trust will receive, equal attention. In reality, the
mischief of the past five years has arisen far more
from extravagant expenditure than from deficient
income. It was, for instance, under the McKinley
Tariff Act of 1890 that the $09,800,000 deficit for the
fiscal year 1894 occurred. But if public expenditure
had been no greater in 1894 than in 1889, there would
have been no deficit whatever. An increase of some
eighty-five millions in ordinary annual expenditure
between the two dates accounted for all the deficit.
The same remark applies, of course, to the Wilson
Tariff Act; the revenue of 1896 under that law with
the expenditure of 1890, would have left a surplus for
the year of thirty million dollars.
Wo notice these facts in order to show that there
are two very distinct phases to this question of a de
ficit, both of which will ho considered by the present
Congress if wise counsels prevail. The demand for
public revenue large’ enough to stop the deficit is
very general, and it is creditable to the community
which makes it; for it expresses a willingness to sub
mit to heavier taxation rather than see the Govern
ment providing for its needs in the money market.
But there is a further question involved, even in this
commendable desire. Is it fair, or right, or honor
able that citizens should he made to suffer an increased
burden of taxation when it is possible to avoid such
increase by economical administration of the Govern
ment ?
The answer made to this question by most experi
enced observers of contemporary politics is that extra
revenue may easily he raised, but that the cutting
down of expenditure is difficult. Anomalous as the
statement may appear when coolly considered, it is ab
solutely true. It is true, however, not because people
like increased taxation or because they like extrava
gance in the abstract, but because of the mischievous
notion which has got abroad in almost every nation
that “ the Government” may be made to pay out some
thing for the particular benefit of individuals. If it
is not some citizen pestering his Representative with
a “ claim” or an “ application,” it is a body of citizens
with property interests in some spot which they would
1094
THE CHRONICLE.
like to have “ improved.” If adroitly managed the
Government may frequently be made to foot the hill
for such improvements. But if the River A has been
beautified by the Government’s work along its banks
and if the town B has induced Congress to grant it a
new brick post office instead of the frame building
which is not regarded as suitable to the future of the
neighborhood, why not do something for C and D,
and so on through the alphabet ? This demoralizing
tendency is not confined to the United States; it af
fects every nation of Europe. Annual public expen
diture is mounting up in France and Germany as in
England and the United States. In all of them the
underlying argument is the same: If you can spend
for one purpose, you can spend for another; so let us
all have our chance at the public treasury. Carried
out to its logical extreme, this process would of course
result in something much resembling State socialism,
and more than one government of Europe is already
confronted with the problem, where the expansion of
public expenditure is to end, unless in pawning on
Lombard Street all the resources and credit of the
State.
We are gratified to see that a movement is in
progress among our own Congressional leaders to apply
some check to this extravagance. We know that good
intentions in this sort of Congressional reform have
often enough turned out abortive. At the opening of
its first session in January 1892 the Fifty-second
House of Representatives formally resolved by the
overwhelming majority of (59 votes that “ in view of
the present condition of the Treasury and because
efficient and honest government can only be assured
by the frugal expenditure of the public money, * *
no money ought to be appropriated by Congress from
the public treasury except such as is manifestly neces
sary to carry on the several departments, frugally, effic
iently and honestly administered.” This declaration
plainly bears the marks of serious purpose. Yet the
appropriations of that very Congress in its two
sessions actually ran twelve million dollars above the
appropriations of its extravagant predecessor, and the
increase came almost entirely on the accounts of
pensions and river and harbor outlay, which certainly
could not be described as expenditure “ manifestly
necessary ” to carry on the Government.
In spite, however, of this and several other not at all
oncouraging precedents, we are inclined to think that
the present House of Representatives will not confine
itaolf to words. For one thing, the situation, politi
cally speaking, may readily become precarious if the
spirit of extravagance is to be unloosed again. The
current deficit in revenue has thus far been met by
drawing on the surplus fund accumulated through
the loans of the Cleveland Administration. This sur
plus will not last forever. If the revenue increases,
whether through automatic increase in dutiable im
ports or through increased levies through the internal
schedules, the existing rate of expenditure may be pro
vided for. But even such increase of income would
be of little use if the Fifty-fifth Congress, like the
Fifty-second, were to go on raising appropriations,
and of this fact the members of the present body are
perfectly well aware. The Congressional elections
will be held only a few months after the adjournment
of the present session, and the danger of going to
the people with a record of public extravagance in
the face of deficient income is too obvious to be
ignored by any politician of the least experience.
[VOL LXV.
With the dominant party as well organized as it
appears to be in the present House of Representatives,
we can hardly believe it possible that the responsible
leaders will permit any such suicidal policy.
To observe the rule of ordinary safety, there must
not only be applied in this session an absolute com
mittee veto on schemes for enlarged expenditure, but
the existing outlay ought to be reduced. The fiscal
year 1897 resulted in an eighteen-million dollar deficit,
and it must be remembered that appropriations for
the current fiscal year were increased over even 1897,
and that the revenues of the fiscal year 1897 were im
mensely increased in its closing months through the
extensive importations in advance of the Dingley Tariff.
On the other hand, it is of course only fair to say that
the Treasury estimates of necessary expenditure for
the fiscal year 1899 are presumably excessive.
This is almost invariably the fact. It was flung
up against Secretary Carlisle by Mr. Cannon in
his speech last March on the appropriations, but
quite unfairly, because the Secretary under our pres
ent system does nothing more than submit to Congress
the various Department estimates. It is expected that
they will be cut. Bad as the record of Congress has
been hitherto in this matter, it has almost invariably
reduced these Department estimates. In the last ses
sion, for instance, the Treasury estimate of total
needs from appropriations for the ensuing fiscal year
was $552,975,009 (including sinking fund), whereas
Congress, though its appropriations ran beyond those
of the preceding session, appropriated in all only
$515,845,194 (including sinking fund), or thirty-seven
millions less than the Secretary’s figures.
It may be inferred from this and other similar com
parisons that the outlook, even under existing condi
tions, is not in all respects as bad as the Treasury
estimates would seem to indicate. But Congress and
its leaders cannot afford to take chances in the matter.
While the last Congress did indeed cut down the
Treasury’s estimates last spring, it also distinctly
authorized, “ subject to future appropriations of Con
gress,” the entering into of contracts involving the
enormous total sum of $75,800,000. Most of this
contingent outlay was in the line of river and harbor
expenditure; about one-fifth of it was for war ships
and fortifications. What is the exact status at the
present time of the contracts under these allowances,
we do not know; but the appropriation committees
will need to watch them very closely. There have
been times when a session would have resulted in a
total appropriation budget properly adjusted to the
revenue but for the sudden unloading of a huge“ deficiency appropriation” in the eleventh hour.
We scarcely need to repeat what we have previously
said regarding the present machinery of appropria
tion. The methods hitherto pursued by Congress in
this matter are as vicious and unbusiness-like as meth
ods for a national budget could possibly be. What
with one committee framing the revenue and with
eight others arranging for appropriations—without
mutual conference, without identical interests and
without even the possibility of framing a total esti
mate until the last days of the session—the
wonder is, not that expenditure has sometimes'
run beyond the revenue, but that the Government has
not been plunged ten times as deep in its loan market
obligations. The fact that Mr. Cannon, who has dis
cussed this mischievous1
system in his speeches to the
House, and who has denounced it without sparing
D e c e m b e b 11 1897.
THE CHRONICLE.
1095
January 1 1880 to 107,236 miles on January 1 1890,
the mileage being thus more than doubled in the ten
years. In part the additional road was built in ad
vance of the settlement and taking of the new land
and really made it available ; in part it was built be
cause the opening up of the new territory had led to
such a wonderful development as to make the field
actually a very inviting one. A great influx of immi
grants occurred at the same time and formed part of
the movement. The growth of population was no less
noteworthy than the growth In other directions. In
the States referred to numbers increased from23,537,874in 1880 to 30,892,531 in 1890, an addition of 7 f million
people. Simultaneously, of course, there occurred a
tremendous expansion in the crops and productions of
the newer States and of the whole country.
All this is now changed. Nor does there seem any
likelihood at present of the return of the old condi
tions. In confirmation of this statement we need
refer only to the smallness of the public land sales in
recent years. In presenting the figures, for the year
P U B L I C L A N D S A L E S A N D TH E N E E D FOR ending June 30 1896 in our issue of November 28
IR R IG A r i O N .
1890, we showed that the takings in that period of
Newspaper writers delight in suggesting an analogy t velye months had been only 5,297,031 acres, and
between the economic and industrial conditions pre that we would have to go hack nineteen years to find
vailing in 1867, under the revival in trade which has a total equally small. We have now obtained from
marked the year, and the great era of prosperity which the Commissioner of the Land Office the figures for
distinguished the period from 1879 to 1881, following the year to June 30 1897, and these prove to have
the resumption of gold payments. There are certainly been smaller oven than those for the twelve months pre
some points of resemblance. Vet the analogy is not ceding, amounting to only 4,871,919 acres. For the ten
as close as a superficial observer might be inclined to years to June 30 1890, we have seen, the average yearly
think. Currency affairs, for instance, present some total was 14,717,212 acres. Below wo show the sales
marked differences. In 1879 we had just emerged for the last six years. It should he said that the
from a long era of paper money inflation, and the ! method of compiling the figures is the same as in
placing of our currency on a gold basis had operated I other years—that is, we include simply the sales for
to restore confidence both here and abroad. In 1897 cash and under the homestead and timber culture
our currency troubles, in their new form, still exist laws. This means that we seek to show only the land
as a disturbing feature, and confidence in the stability presumably entered for cultivation and settlement.
of our monetary system yet remains lacking, particu Large amounts of land are each year patented to the
larly abroad.
States or certified to the railroads, hut these involving
In the opening np of new sections of land the situ merely a change in possession (the lands remaining to
ation is also markedly different. The most note be disposed of by the new owners) are not included by
worthy evidence of this is found iu the great falling u s .
r T B i l O I.A KDS SA LES.
off in the pnblic land sales. The sales by the rail
roads present an equally striking contrast. Here, too,
r e nd'g Ju n e Z0 .
1997.
1890.
1893.
1895.
1894.
1892.
there has been a very great shrinkage, and the sales
j Acre*.
A cres.
Acres.
Acres.
Acres.
A cres.
-164,8:10
r as
418,' S3
0L2.448
416,487
now (notwithstanding some increase in them recently) 8.ile * 3fsot’dc e n hr......... 4ti5%3&> 4 ,880,915 5,009.491 8,010,008 1,404.857 1,572,426
£ L rt»
t ie s
6,808,791 7,716,002
4,209
1,226
3.080
047
are smalt alongside those which were announced in T i m t u - c u l t a r e e n t .
10,989
41,375
T o t a l ................... 4.471.OL0
6.297,031 5,129.517: 8.603.02 ! 8.224.617 P.828,808
the early eighties.
It is hardly needful to point out how important was
In explanation of the great falling off as compared
the part played by the large takings of land out of the with 1880 to 1890 it is to he said in the first place that
pnblic domain and from the railroads in promoting there has not been the same demand for new land in
that wonderful expansion in industrial affairs in the recent years as in the early period, by reason of the
United States from 1879 to 1890, to which we look fact that the low prices for agricultural products
back now with so much pleasure. In an article pub which ruled until quite lately made farming unattract
lished by ns in January 1891, reviewing the land sales ive and took away the inducements for bringing new
for the previous ten years, wo showed that the disposals land under cultivation. No doubt should the higher
by the Government in this decade had been over 117 prices for wheat now current be maintained any con
million acres (147,178,129 acres); that in addition the siderable length oE time, the demand for unoccupied
leading Pacific roads had disposed of over 19 million land would again increase. In the second place there
acres more, making a grand aggregate of 166,458,299 has during the last few years been very little building
acres—an area of 260,091 square miles, or one-quarter of new road. As a consequence land previously unaclarger than the area of France or Germany, and more cesaible remains unaccessiblo. In the third place, of the
than twice the area of the British Isles.
areas immediately suitable for occupation and settle
The effect of this vast, addition to the previously set ment in the public domain the best and most desirable
tled area of the country was seen and felt in every sections have undoubtedly in great part been disposed
irection. It was attended by a tremendous increase of, so that the intending settler has not the choice be had
n railroad mileage. In the Government land States fifteen or twenty years ago. Finally, through changes in
the length of roa l increased from *52,113 miles on legislation itisn olon er possible to acquire public lands
feelings or mincing words, is again in charge of the
general appropriations committee, is a distinctly hope*
ful sign. In his speech of last March Mr. Cannon
forcibly pointed out that there were altogether too
many appropriation bills, that there were two or three
times too many appropriation committees and that
the system of hap-hazard provision for private claims
was a distinct encouragement to fraud and per
jury.
The time has come for the party to
show its ability to deal with some of these rooted evils.
If it does so, and if the present Congress presents to
the people on its adjournment a clean record of econ
omy, the voters will he mindful of the fact next No
vember. If Congress does not do this, and in partic
ular if it creates a heavy deficit next autumn through
needlessly increased expenditure, we leave il to the
party’s leaders to guess what they will have to look
for. Senator Aldrich's grim prediction of last May to
his associates is still a matter of public record.
1HE CHRONICLE.
1096
in so many different ways as before, or to the same
aggregate extent. As has been many times pointed
out by us, by the Act of March 3 1891 both the tim
ber-culture and the preemption laws were repealed,
and since then those wishing to acquire ordinary farm
ing or agricultural land have been restricted to the
‘method provided in the homestead law. Formerly it
was possible for a person to make both a preemption
and a timber-culture entry of 160 acres each, in addi
tion to a homestead entry, giving 480 acres altogether ;
now a homestead entry of 160 acres is the maximum,
and neither a preemption nor a timber-culture entry
can be initiated.
As bearing upon the repeal-of the timber-culture
law, it will be noted from the table above that the
timber-culture entries have practically disappeared,
the trifling amounts still reported representing pre
sumably transactions begun when the old law was still
in effect. The repeal of the preemption law is
reflected in the decline in the cash sales (in which
the preemption entries have always been included),
though these cash sales, amounting in 1896-7 to only
418,983 acres, have also declined for other reasons.
The bulk of the disposals consists of the homestead
entries, the takings even in that class, however, in
the late year having been only 4,452,289 acres, or the
smallest in very many years. In the table below we
show the takings for cash and under the homestead and
timber-culture laws in each State and territory for the
last seven years.
• IS P O S A L 8 O F PU BLIC LANDS F O R CASH AND U N D ER T H E HOM E STEAD
AND TIM BBK -O ULTURE LA W S B Y FISCA L Y E A R S FROM JU L Y 1
1 8 9 0 TO JU N E 3 0 1 8 9 7 .
[V o l . LXV.
But that and the further fact that much of it is at
present unavailable are about the only definite things
known regarding it. We take from the report of the
Commissioner of the General Land Office the follow
ing statement showing the amount of vacant land re
maining at the close of the last fiscal year—that is, on
June 30 1897. The aggregate reaches over 591 m il
lions acres, or, roughly, one-third the entire area of the
United States. In these figures, as stated in the foot
note to the table, no account is taken of the public
lands in Alaska, amounting to some 369 million acres
or 577,390 square miles.
VACANT P U B L IC LANDS IN T H E U N IT E D STA TES JU N E 3 0 , 1897.
Su rveyed
Land.
A cres.
S ta te or Territory —
.......................
532,339
......................
3,923,042
C a l if o r n ia ...........................................
C o lo r a d o .......................................... .
F l o r i d a ................................................ .......................
I d a h o .................................................. .
1.63 *,280
U nsurveyed
Land.
Acres.
T otal
A rea.
Acres.
7,107,744
532.339
54,400,211
3,922,045?
4 3,841,014
40,037,201
1,797,002
45,962,855
(a)
1,046.589
845 ,0 2 0
522,431
0,240,809
441,220
497,704
71,432,917
10,669,353
61.578,580
56,983,047
21,385,293
8,105.238
35,892,318
13,250,718
44,205,070
17,958,530
454,107
49,311,583
272,294,120
59 1 .3 4 3 ,9 5 3
42,467,986
....................... 1,04* 589
L o u i s i a n a ...........................................
....................
622,431
...................... 3,402,931
M in n e s o t a ............................... .
M is s i s s i p p i .........................................
......................
497,764
M o n t a n a ..............................................
.................... 10,669,353
N e v a d a ................................................
N e w M e x i c o .....................................
O k l a h o m a ......................................... .
O r e g o n ................................................ ....................... 23,682,023
S o u t h D a k o t a ...................................
U t a h .................................................... ....................... 9,838,581
W a s h i n g t o n .......................................
, ....................
454,107
G r a n d t o t a l .............................
8,623,517
4,556,369
164,382
35,921,519
65,018
2,837,828
53,744,801
32,179,129
14,024,755
9,424,800
4,460
12,210,295
2,097.288
34,366,489
12,437,680
a D i s t r i c t o ffic e rs r e p o r t n o v a c a n t l a n d .
N oT E .-^T his a g g r e g a te is e x c lu s iv e o f O liio, I n d i a n a a n d Illin o is , in
w h ic h , i f a n y p u b lic l a n d r e m a in s , i t c o n s is ts o f a fe w s m a ll is o la te d
tr a c ts . I t is e x c lu s iv e o f A la s k a , c o n ta in in g 5 7 7 ,3 9 0 s q u a r e m ile s, o r
3 6 9 ,5 2 9 ,6 0 0 a c re s . I t is a ls o e x c lu s iv e o f m ilit a r y a n d I n d ia n r e s e r v a
tio n s , re s e r v o ir-s ite a n d t im b e r r e s e r v a tio n s , a n d t r a c t s c o v e r e d b y
s e le c tio n s , filin g s, r a ilr o a d g r a n ts , a n d c la im s a s y e t u n a d ju d ic a te d , a
p a r t of w h ic h m a y in th e f u tu r e b e a d d e d to t h e p u b lic d o m a in .
It will be observed that no less than 272 million
acres out of the total of 591 million acres have not
Ter's.
even been surveyed yet. A large part of both the
Acres.
Acres.
Acres.
Acres.
Acres.
Acres.
Acres.
205,530
383,60S
149,173
254,011
116,331
A l a ........
129,764
110,005 surveyed and the unsurveyed is evidently mountainous
152,427
62,554
A r iz o ’a .
60,127
140.803
70,68^
98,810
45,449
and another large part is at present arid. The extent
250.282
323,959
A rk a n s
306,717
201,080
290,948
384,609
297,869
044,372
707,55w
715,343
393,977
C a lif o r .
800,408
240,116
270,330 of the takings in the future w ill depend very largely
500,411
O o lo ra.
535,904
450,830
270,105
273,040
200,420
199,398
upon the policy which Congress shall adopt with
D a k o ta N .D a k .
330,071
514,84F
499,868
370,412
357,997
434,512
618,045
reference to these latter—that is, with reference to
8. D ak.
470,758
810,501
250,956
098,277
407,203
230,471
270,047
F lo rid a .
128,363
126,711
158,318
121,538
103,289
145,713
the arid lands.
That irrigation can
93,712 reclaiming
260,134
I d a h o ...
330,261
245.684
251,731
161,804
372,517
234,491
employed as to make most of these arid
2,304
I o w a ....
4,865
3,159
2,102
1,075
3,018
1,182 be so
I n d ia n a
74
8
81
3
42
sections available, there can be no doubt, There has
44
455
516
401,284
K ansas.
402,727
188,052
58,571
875,051
05,291
60,833 been some legislation, too, intended to permit the car
163,147
131,867
L o u la ’a .
147,014
120,711
130,720
140,034
100,936
rying out of schemes of irrigation. Thus sections 18
110,059
104,749
M io h 'g n
104,102
60,308
71,290
44,657
34,616
M ln n 't a
288,84452,978
400,809
301,221
377,909
467,477
808,291 to 21 of the Act of March 3 1891 grant right of way
182,041
M ta s’pi..
238,72
143,999
103,623
130,807
185,378
111,901
M ls s ’ri..
206,110
the United
218,817
199,298
206,252
203,592
228.198
200,426 over public lands and reservations of
413,880
M a n ta n
377,450
294,55)
221,104
240,830
311,925
277,583
States (excepting Indian reservations) for the
N e b ra s ..
575,573
667,035
529,012
250,904
189,841'
160,423
193,907
4,928
N evada.
8,010
2,984
733
2,241
2,255
1,112 use of
canals, ditches and reservoirs for the pur
157,695
132,075
N . M ex.
161,825
95,029
80,747
88,719
75,113
pose of irrigation.
An Act approved February
275
O h i o ...
30
36
290,874 1,583.135
855,018 3,770,400
O k ln h ’a.
981,456
550,230
601,534 26 1897 places reservoir sites under the operation of
O reg o n .
728,843
607,087
651,116
300,359
240,600
219,042
252,619
U ta h ...
186,947
186,040
151,504
107,378
127,078
131,270
93,551 the same law.
W a s h . ..
909,050
569,332
473.824
822,740
306,424
228,001
235,000
Still, it is quite generally admitted that pressing
W ls c o n .
177,542
100,584
146,935
104,933
108,912
98,008
123,027
149,227
W yom g.
102,327
142,475
111,514
137.838
120& 1
97,004 necessity exists for further legislation, and the Com
G r . t o t . . 8,151,»3r 9.328,803 8.224,0 <7 8,003.025 5,429.517 5.297,031 4,871,919
missioner of the Land Office urges such legisla
It will be observed that, as compared with 1895-6, tion. The American Society of Irrigation Engineers
there was an increase in only a very few cases. North last December adopted resolutions favoring the trans
Dakota is one of these, the takings there in the late fer of the arid lands to the States wherein the lauds
year (nearly all under the homestead law) having been lie. This was urged on the ground that the present
fairly considerable, reaching 618,045 acres. Aside policy of divided control between State and nation
from that State, there is only one other State or Ter works badly and produces unsatisfactory results. A
ritory where the disposals have amounted to half a paper read by State Engineer ElwQod contained a
million acres, namely Oklahoma, with 501,534 acres. table showing how large a part of the total area of the
But in this case the total is the smallest with one so-called arid States consists of vacant lands Accord
exception of any year since the creation of the Ter ing to this table, even in California the vacant
ritory in 1890. In 1893-4 the takings in that territory lands form over 57 per cent of the State’s whole area.
were 3,770,496 acres.
The subject is one requiring very careful considera.
ith reference to the quantity of land still con tion. It is also one which is sure to gain in im port
tained in the public domain, it is of huge dimensions. I ance. Binger Hermann, the Commissioner of th e
S ta te s <i
1890-91.
1861-92.
1802-93.
1893-94.
1894-95.
1895-96.
1890-97.
Decembkb 11, 1897,]
THE CHRONICLE.
Land Office, says that, owing to the recent financial
depression, which was especially felt in the arid-land
States, comparatively little progress has yet been made
toward the reclamation of the arid lands therein, but,
now with the revival of industries throughout the
country, and the more ready supply of money for in
vestment purposes, there is also a revival of the former
interest in the subject of reclamation. It is to be
hoped tint Congress will see fit to deal'with the matter
in a broad and comprehensive way.
1097
tent from coal strikes. Besides this, floods and storms
and generally had weather affected operations ad
versely on many roads at that time. The Northern
Pacific, for instance, which leads all other roads in the
amount of its gain this year, reporting §936,513 in
crease, last year reported §565,147 loss, having been
practically closed at some points for two-thirds of the
m o n th .
Again, though business revival has been an import
ant factor in bringing about the present improved
results, it is evident that the benefits flowing from
j that circumstance are very unevenly distributed.
R A I L R O A D G R O SS E A R N I N G S FOR
Thus surely if all our manufacturing industries were
N O VEMBER.
experiencing full activity, such a system as the New
Our November statement of railroad gross earnings | York Central would not stand near the foot of the
furnishes striking evidence of the great improvement list of gains with an increase of only 178,435, or but
which has occurred in the business and prospects of ! little over 2 per cent. On the other hand it is beyond
the railroads of the United States. It is the best dispute that in many sections prosperous times are
statement we have yet had in the present era of im | playing an important part in adding to the traffic of
proving results. In some respects it is the best state I the roads. Confirmation of the truth of this statement we have ever had and breaks all previous ■ment is furnished in the improvement noted in the
records. The increase over last year reaches only a ; passenger revenues. A few illustrations will suffice.
trifle less than nine million dollars on somewhat over The “ Big Four” earned this year in November
a hundred thousand miles of road ; in exact figures I §287,80b from passengers, against $262,746 last
•8,981,448, or 30*70 per cent. Never before have we year: the
Soo” #55,838 against $41,516; the
had an early preliminary statement showing so large Flint & Pore Marquette 865,398, against $56,an amount of increase.
791; the Baltimore & Ohio Southwestern $121,Of course there are many circumstances that qualify 829. against $108,867, and the Northern Pacific $395,materially the importance of this large amount of I 550, against #295,219. This increase in passenger
gain. That the conditions were extraordinarily favor revenue.' is particularly worthy of remark because un
able is evident from the fact that out of the 131 roads til quite lately the passenger revenues of the roads
contributing returns, only 7 have fallen behind: all had been steadily and almost uninterruptedly declin
the rest have gains, some in exceptional amounts. ing for a long time. Even now the decline has not
Still the fact should not be overlooked that the month vet come to an end on some roads. Thus the Louis
had one less Sunday than the same month last year, and ville & Nashville* which reports the largest freight
therefore contained an extra business day. Nor must earnings for any November in its history, earned only
it be forgotten that we are comparing with very poor #293,275 from passengers this year, against $335,434
results in 1>',«>. After the election last year, it will last year. But in this case no doubt the yellow fever
bo remembered, business started up in all sections, is in part responsible for the falling off and doubtless
but the effects were not reflected in railroad earnings also the Nashville Exposition stimulated travel in
until some time afterwards. As a consequence our October to the disadvantage of the movement, in Nov
compilation then showed over 44 million dollars ember.
(•4,553,172) decrease, as will appear from the fol
As in previous months, the controlling factor in the
lowing.
great expansion in earnings has been the extraordin
ary movement of the leading staples to market— cot
Earning*.
Mileage.
Increase
ton. grain, provisions and live stock. In the South
nr
Tear |
TeaI T ia r
r«d r
Deerta n
Given. j PreceOin-j
Given.
Precedin'
the yellow* fever was still an adverse feature the early
Novem ber.
t
Mil**. ; m u **.
%
f
part of the month, hut it disappeared as an embargo
lf ttt'ta o roAdf),___ _
9&870 f
*0,«tO,33C 49,931 745 Dec. 3,321.11!
I S >4 (141 r o a d lL ... | im ,M #
90.65*
15,571,1 in' M .w ltK M 1Dec, 730, DO on trade before the end of the month.
The cotton
1*95 024 mad*)......
100 0*7 : iw>,&oo
49,010,142: 49,0ft *.930' Inc, s.0'>9.5 3
movement in that section was of noteworthy dimen
1S$W 127 road#)..,,.
W.OUl | 93,872
Dec 4 554,17'
<1.400 0 13' <5.553.3
1897 131 r m d l)...... 1 100,045 1 99.262 ! 5 3 ,IS 3.577' <8,301.120. Inc. S,D81,4>8
sions. At the Southern ports the receipts were
Jan, 1 to N m . 30
1,705,491 bales, against 1,225,120 bales in November
1*03 ! I 2 roodai,,. .
't
04,98? ,! 919 U
470:91 JM67! 4 8 6 * l S. ,72 ~ Dec 0.58 3 .3 0 6
90.028 '■436,170 23 109.OO3.M*' Dec 52.8 10 27v 1896 a n d -871,414 bales in November 1895, while the
180! 188*0
0064*
2893 1 IL fOAdsH.,.
9 * 0 >0
98.4S3 464 .0 * 1 .3 0 . 43 3 .180,01)0 jIn, .21 573,3’8
l i m M to n & a h .....
92/? S7 i
tm
!43 t.90>,40 422,013,3*' Tnc. 8,35*1.117 shipments overland were 327,943 bales, against 228,1>f >7 l?i
y£8 404 1 08.031» 1484 /l>M 7014<3.104.04" rnc.no R54232
696 bales in 1896 and 235,300 bales in 1895. The fol
Going a -top further we find some other exceptional lowing shows the Southern port receipts in detail.
causes. For instance, increased mileage has in some R E C E IP T S OF COTTON AT Hf>OTffKRN PORTS IN NOVEMBER AND FROM
•T\w o ARY l TO > .vi /vir.iyi; Mo r-!
•<
and I 05________
cases helped to swell the amount of gain. Thus the
Sin ce J a n u a r y 1.
November.
increase of $664,861 bv the Illinois Central must be
P o rts.
1800.
1.S95.
1893.
1893*
1807.
18S7.
ascribed in part to that cause, as that road is now re4 'C .F S i 245,902 153,0-0 I,$0 ' i . 1.112,1 M 937,414
S a l v e s t o n ..............b a le * .
tiding on a mileage of 3,800 miles against 3,130
70,3*1 105.093
12,014
18,670
10.581
05,810
520.577 370,101 311 39? 1,651,0L8 1,797,209 1,737,988
miles last year. The increase of •212.791 by the Kan
2-'3,827 171,165
3T,8ol 230,005
02,011
4.4,00c
8* .4 O
H
45,724
22.357
9.205
2 '.,550
21.253
sas City Pittsburg & Gulf is presumably attributa
730,959 m i M i
3 10,381 107,098 115.858 8 '0 ,3 3 1
ble re duly to the -am • oau-o, as the line is now open B m n a m c k , & o ...< ........
40.539
30,284
SO.M.i 153,043 1 10.1 19 V 5,500
*
110.533
49,050 272 * 03 332.1' 1 279,003
7! , 0 10
the whole way to Port Arthur, giving 814 miles in
74,043 106,169
7,303
19,875
01,74
H .’ ia
P o r t R o y a l, A c .................
operation against only 59*', miles last year. On the
04,250
54,250
30,0'*4 2 l l , 1 0 ‘ 209,103 140,315
.........................
145
108
83f
(8 0
483
142
Baltimore & Ohio Southwestern a strike in the Wei’s- W a s h in g to n , A c ............ 14’>.505 180,Of 2 01,84*0 482.12 5 rT ,5 '3 275,007
N o rfo lk . . . ........................
3 17 If
15,903
2,035
49, m
4* ,8;* 2 188,870
ton coal fields depleted earnings in November 1806, N e w p o r t N e w s, &o . . . . . . .
1,70",401 1,225.120 871,*14 5 ,0 2 9 .' 54 5,8'* o,° 20 4.004,709
P o ta l
.. .. - •
and some other r o a d s also suffered then to some ex
11
THE CHRONICLE
1098
As to the grain movement, it contributed more than
anything else to the remarkable gains in earnings
which so many of the granger roads are able to reportFor the four weeks ending Nov. 27 the receipts of wheat
a the Western primary markets were almost 30 mil
lion bushels, against 17£ million bushels last year; the
receipts of corn 13^ million bushels, against 10 mil
lions; the receipts of oats 13J million bushels, against
12 million bushels, &c., as will appear by the follow
ing.
R iO B IP T B O F F L O U R AND DRAIN FO B F O U R W E E K S EN D IN G N O V EM B ER 2 7
AND SIN C E JA N C A R T 1 .
C Mcaqo 201,172
4 w ks. N ov., 189?
22^,4:^
4 w k s. N o v .. I89t)
S in c e .I a n .1 .1897 2,487,976
S in c e J a n . l . 181*6 2,328,806
Oats,
(bush.)
B arley,
R ye
(bush.) ! (bush.)
3,822,310
0,569,616 8,507.845 2.927,^88
7,592,500 2,445,607
4 ,804,-6
1.254.609
20,827.968 108,564,018 104356561 15,211,085
10,860.6 31 83,668,077 96,989,897 15,109,933
433.710
273.3 6
2,835,588
2,197,494
189.610
318,550
1,915.010
2.037.9V-O'
251,650 1,145,K00 1.882,335
1,143,980
927.000 1,758.800
1 0 1.050
51* ,7001
3,030,13- 9,133,6 ‘0 9,820.850
7.947.818
8,235.084! 1,940,175 12,598,000 10,181,195
222,935
171, 00
1,518.045
3,467,043
93,950
1.8,995
1,217,316
1,252.314
494.915!
121,500
1,497,8061 2.229.030
7 21.78402,065
582.930, 2.309.105
10,335,049 2),301,077 11.073,3lS: 1,298,039
11,651,68S| 19.801,411 9,372,778 1,640,610
133,096
50.695
640.004
260.014
M ilw aukee—
4 w k s. N o v ., 1897
4 w k s. N o v .. 1890
S in c e J a n . l , 1897
S in c e J a n . l , 189C
fit. L n u it—
4 w k s. N o v ., 1897
4 w k s. N o v ., 189^
S in c e J a n . l , 1897
S .u c e J a n . l , 1896
Corn,
(bush.)
W heat,
(bush.)
Flour.
(bbls.)
Toledo—
4 w k s. N o v .,
4 w k s. N o v .,
S in c e J a n . l ,
S in c e J a n . l ,
928.3871
617,324
1,09 \9 0 0 j
734,500
9.347.609; 10,791.280
6,836,400
3,533,0'JO
r ’3.708
28,000
1,692,017
358,200
29.800
46,200
2M .875
214.020
529.555'
454,471
3.8*3.861
2,847,963
262,200
90.22?
1,880,133
1,446.577
305,190
208,299
1,703,515
1,799,769
362,989
367.241
873,325
1,059,161
2’,233
421,525
370 0203,320 . 244,212
1,917,743 3,060,05 b
630,295 1,532,031
10,972
3.76
4,264
4«,567
59,548
1897
1896
1897
1896
D etroit—
4 w ks. N o v .,
4 w k s. N o v .,
S in c e J a n . l .
S in c e J a n . l ,
Cleveland—
4 wks. N o v .,
4 w ks. N o v .,
S in c e J a n . l ,
S in c e J a n . l ,
1897
1896
189?
1890
5.988
119,559
53,178
300,363
241,600
2.0*5,480
2,138,084
1897
1896
1897
1896
24,450
22.770
2-05.400
316,090
142.014
890,35 h
198.800
892,250
1.243,0^0
284,400
1,105,700 1,028.200
514,200 18,ti0?,S2«' 11,1*1,000 1.029.390
1,046, &50 10,470,150 16,302,000 1,585,300
P eoria—
4 wks. N o v .,
4 wks. N o v .,
S in c e J a n . l ,
S in c e J a n . l .
78.696
91 .8 0
815,597
39 6 ,10(
24,035
24,SuO
1897
1896
1897
1890
10,8u8
12,60
10,800
89.50J
155,450
37,200
79.800
D u lu th —
4 w k s. N o v ..
4 w ks. N o v .,
S in c e J a n . l ,
S in c e J a n . l ,
189?
1896
1897
1896
M in n ea vo lU —
4 w ks. N o v .,
4 w ks. N o v .,
S in c e J a n . l ,
S in c e J a n . l ,
1897
1896
189?
1896
1,909,761
571,705
001.020 5,169.436,
1,021.460 44.675.508
4,225,234 53.175,604|
512.S78
274.073
6,425,809
4,392,023
12,738,440!
7,583.890:
61.118 220
67,401,160
806.716 1,195 150
082,740
102,0s0
3,372.760 15,051,281
1,513,461 7,705,040
2,'"4 7,000
402,750
18.206.800
4,120,603
16.782
9,460
113,673
104,987
189?
1890
1897
1896
940,598
335,040
152,4^.7
1,150,910
5,280,906 1,835.429
0,417,022 1,388,924
915.500
287.001
083.500
2*1.500
11,288,350 3.487,700
3,876, c8 2,151,769
K a m a * City—
4 w ks. N o v ..
4 w ks. N o v .,
S in c e J a n . l ,
S in c e J a n . l ,
275,793
29 970
1,319,938
391,949
1897
1890
189:
1«O0
increase and the Illinois Central standing second with.
$664,861 increase. Besides these the Missouri Pacific
has added $601,841 to its last year’s total, the Mil
waukee & St. Paul $589,925, the Canadian Pacific
$572,316, the Rock Island $443,095, the Great North
ern $326,139, the Missouri Kansas & Texas $317,357,
&c., &c. The following is our usual list showiug all
gains and also all losses in excess of $30,000. As it
happens, there are this time no losses reaching $30,000, and in fact (as mentioned above) but seven roads
with losses of any kind.
P R IN C IP A L CH A N G ES I * G R O S S E A R N IN G S IN N O V E M B E R .
In c re a se s.
In c re a se s,
N o rth e rn P a c ific ............. $ 9 3 6 ,5 1 2 C h e s a p e a k e & O h io ........
$ 6 3 ,7 7 1
IlL inois C e n t r a l . ..............
6 6 4 ,«61 C lev. L o r. & W h e e lin g .
6 2 ,8 5 1
6 1 ,8 7 4
M iss o u ri P a c ific ..............
6 0 1 ,8 4 1 B a lt. & O hio S o 'w e s t...
5 8 ,1 9 2
Chic. M il. & S t P a u l . . . .
5 8 9 ,9 2 5 G ra n d R a p . & I n d ..........
5 6 ,9 9 7
C a n a d ia n P a c ific ............
5 7 2 ,3 1 6 C hic. I n d ’n a p . & L ouis..
5 4 ,6 5 8
C hic. R o ck I. & P a c ific ..
4 4 3 ,0 9 5 F l i n t & P e r e M a rq ..........
G r e a t N o r tlie r u ...............
3 2 6 ,1 3 9 W h e e lin g & L a k e E rie ..
5 4 ,3 7 1
5 3 ,8 2 3
M o. K a n . & T e x a s ..........
3 1 7 ,3 5 7 C in .N .O r. & T ex. P a c —
5 2 ,2 5 5
M e x ic a n C e n t r a l ............
2 3 7 ,4 3 3 C hoc. O k la. & G u lf ........
5 0 ,5 2 5
K a n . C ity P it ts . & G u lf
2 1 2 ,7 9 1 W e st N . Y . & P e n n .........
4 7 ,3 3 4
G ra n d T r u n k ....................
2 0 6 ,3 6 3 N o rfo lk & W e s te r n ........
4 2 ,8 1 7
C le v .C in .C h ic . & St. L ..
1 8 9 ,5 5 9 P it ts . & W e s te r n ............
4 1 ,7 2 0
D e n v e r & R io G r a n d e ..
1 8 8 ,3 0 0 M obile & O h io ..................
4 0 ,5 2 7
M in n . St. P . & S.S. M ...
1 7 1 ,1 4 8 M e x ic a n N a tio n a l..........
4 0 ,3 1 4
O re g o n RR. & N a v ..........
1 7 0 ,0 5 8 U n . P a c . D e n . & G u l f . ..
3 9 .6 6 4
1 5 5 ,4 6 3 Col. H o c k . V al. & T o l...
S o u th e rn R a i lw a y ..........
W a b a s h ................................
1 5 5 ,3 8 9 O hio S o u th e r n .................
3 9 ,6 2 0
3 8 ,9 8 5
C hic. G r e a t W e s t e r n . ..
1 5 3 ,6 9 4 I o w a C e n t r a l ..................
3 5 ,8 1 0
T e x a s & P a c ific ................
1 5 1 ,5 7 2 S t. J o s e p h & G d. I s l —
3 5 ,8 5 4
8 t. L o u is & S a n F r a n . ..
1 2 ^ ,1 2 7 F t. W o rth & R io G r ........
3 4 ,0 0 5
B u ll. C ed. R a p . & N o. .
9 3 ,6 4 7 P e o ria & E a s t e r n ............
L a k e E r ie & W e s te rn ...
3 3 ,0 3 8
K a n . C. F t. S & M e m ...
8 6 ,3 2 5
3 2 ,2 4 4
L o u isv ille & N a s h v ille .
8 4 ,8 3 8 L o n g I s la n d .......................
3 1 ,6 2 8 N. Y. C e n t r a l ...................
7 8 ,4 3 5 M in n . & S t. L o u is ............
3 0 ,1 4 8
St. L o u is S o u th w e s t___
7 6 ,7 6 4 I n t . & G r e a t N o rtlie r u .
W isc o n sin C e n t r a l..........
7 5 ,8 7 3
T o ta l ( r e p r e s e n tin g
C e n tra l o f G e o rg ia .........
7 5 ,6 5 3
63 r o a d s ) .................. 3 i, 4 1 5 ,0 8 2
7 3 ,1 5 9
C hic. & E a s t I ll in o is ___
R io G r a n d e W e s t e r n . ..
6 9 ,4 2 0
When arranged in groups, the two trans-Continental
lines on the north, namely the Canadian Pacific and
the Northern Pacific, make this time the best showing
of all. Both roads report the largest November earn
ings for many years.
E A R N IN G S O F P A C IF IC R O A D S.
85.100
46.95
11.56
10.100
N ovember.
1897.
1896.
1895.
1891.
1893.
18 9 2 .
C a n a d n P a c ific .
N o r t h ’n P a c if ic .
R io G r . W e s t ’n ..
Total o f all4 w ks. N o v .,
4 w k s. N o v .,
B ln ce J a n . l ,
S in c e J a n . l .
[V ol, L X T ,
1.213.268 29,954,8 h8 13.545.850 13,875.591 0,433,010 1,303,721
1,340.286 17,381,182 10,081,212 12.048,31: 6.475.053
750,178
10,548.8 '0 1*8.922.056 181,533,290 167105506 33,589.672 8.680,471
II 192 8 1 3 '1 7 -\P 2 \S 2 7 I3 f.3 5 2 .3 l0 153261507'36,107,679 5,870.587
$
2,537,000
2.509,389
281,100
*
1,961,081 2,139,025
1,632,877 2,198,021
232,185
211,980
$
1,9 L9,358
1,856.703
183,501
$
2,018,397
1,736,230
195,503
*
2,0S8;,157~
2,392,012"
193,550-
T o t a l ...................
5,390.789
3,812,511
3,962,562
3,980,130
1 ,6 7 1 ,0 5 5
$
1,559,531
Hardly less favorable are the comparisons in the
case of the distinctively Northwestern roads, though
At Chicago, where we have the figures for the even
month, the deliveries of all kinds of grain were 28,361 here the earnings of some of the companies do not
car-loads in November 1897 against 19,537 car-loads in come up to the best previous results.
EA R N IN G S O F N O R T H W E S T E R N L IN E S
November 1896. Expressed in bushels the receipts of
1892.
wheat, corn, oats, rye and barley were 25,226,397
1891.
1893.
1897.
1896.
1895.
N ovem ber.
bushels, against 17,030,156 bushels.
The Chicago
$
$
*
*
*
*
501,603
116.905
427,374
333,727
315,105
405.919
B u r l .C e d .R .& N o .
receipts in detail are reported in the following.
391,745
360,220
449,950.
324,818
473,542
319,848
O hio. G t. W e s t —
R E C E IP T S AT CHICAGO DU RIN G N O V E M B E R AND SIN C E JA N U A R Y 1 .
November.
1897.
W h e a t,b n s h .
C o rn . ..b u s h .
O a ts ., b u sh .
R y e ., .b u s h .
B a r le y .b u s h .
T o t a l g r a in
F l o u r ., b b ls .
P o r k . ...b b ls .
O a t m 't s J b s .
L a r d ....... lbs.
L ire h o g s N o
1890.
1,197,910
7,404,916
9,938,395
479,710
8,145.130
1,293,682
4,978,191
7,918.101
282,140
2,557,833
Since J a n u a r y 1.
1895.
1897.
1896.
|
5.571.P00 21,220,234 19.2M .332
5,361,803 109,607,349 8 5 ,3 8 l.4 9 o |
7.321,141 106,782.830 100,148,072
163,329
2,692,208
2,240,8751
2,709,213 15,475,143 15,363,084!
1895.'
17,730.050
54,023.874
72.576,51)
1,190,2 9
12,520,901
25,220.39? 17,030.150 21,192,140 256,043,821 221.369,863 158,340,584
281,319
226,930
341,621
2,5-14,015
2,34 8 .2 7 s' 2,708.593
299
1,298
126
2,218
0.77ft 1
9,028
17,751,029. 12.025.336 10,950.592 150,087,797 147,498,593 153,005.276
2.723 519
4,058,832
5,727.239 43,822,437 80.330.812 45,454,817
817,517
590.557
937,479
7.490.34P
0,870.678' 7,104.308
The foregoing indicates also the movement of pro.
visions and of live hogs at Chicago. The receipts of
hogs, it will be soon, were 817,517 head this year,
against 590,557 last year, but against 937,479 head
the year before. Taking the deliveries of all kinds of
live stock at Chicago, the figures were 25,524 carloads, against 21,069 car-loads in 1896 and 26,886 carloads in 1895.
IVe have aleady stated that some of the gains by the
individual roads or systems arc of very large magni
tude, the Northern Pacific coming first with $936,512
O h ic .M il.& S t.P . £
M ilw a u .& N o .. )
J h ic . R . I. & P a c .
O u lu th S .S .& A tl.
G r e a t N o r t h e r n ..
Io w a C e n t r a l ........
M lnn.& S t. L o u i s .
3 t. P a u l & D u lu th
3,328,445
2,738,520
3,416,689
1,644,731
*119,060
2,342,438
105,001
201,822
187,529
1,201,636
101,370
2,016,299
120.019
170,194
162,418
1,399,774
154,591
2 ,3 1 5 ,8 6 :
103,116
195,193
171,190
3,168.070 s 3,340,281
\ 159,324k
1,583,993
1,394,463 1,539,303
142,624.
129,099
116,711
1,935,449
1,963,3 S4 1,805,196
169,087
146,402
170,011
200,251
157,715
172,475
217,659150,900
150,535
T o t a l ................
8.890,545
7,170.037
8,713,131
7,145.335
2,519,014
7,830,717
8 ,021,53a;
* F o u rth w eek n o t reported; ta k e n sam e as la st year.
Southwestern roads are distinguished in much the
same way as those in the Northwest; some have better
earnings than in any previous year, others fall a little
behind.
E A R N IN G S O F S O U T H W E S T E R N G R O U P .
N ovember.
1897.
1890.
1895
1894.
1893.
1892.
O e n .& R io G r.
I n t. & G t. N o ..
K .C .F .S .& M ..
M o. K . & T e x .
M o .P .& Ir .M t.
3 t . J o s .& G .I..
S t.L . S o u th w .
T exas & Pac.
*
781,900
+12 ',7 8 0
a 42 2,062
1,414,301
2.5 6 8 ,0 0 )
105,500
556,500
915,911
*
596,600
+390,632
tt335,?37
1,093,947
1.9«6,159
69,090
479.736
764,339
*
706,654
329,011
395,793
957,051
2,208.508
55,917
490,093
803,e 88
■ «
052,113
478.714
120,309
1.223,651
2,164,237
55,853
611,579
937,592
*
037,608
102.897
412,832
1,100,757
2,212,575
79,415
560,788
865,123
*
S48 098
490,000
507,791
965 843
2,567,509
T o ta l...:—
7T187.957
5,699,840
5,958.607
6,655,098
0,301.995
..............
4S3.133
791,839
a F i g u r e s H e re f o r 1897 a n d 1896 a r e s im p ly t h e t o t a l s o f t h e e a r n i n g s f o r t h
f o u r w e e k s o f t h e m o u t h a s r e p o r t e d in t h e w e e k ly r e t u r n s ; t h e m onth*,
e a r n i n g s l s u a l l v e x e e e i t h e w e e k ly e s t i m a t e s q u i t e c o n s id e r a b l y .
+ G a l v e s t o n H o u s t o n A. H e n d e r s o n n o t i n c l u l e l f o r t h e s e y e a r s
D c m er 1 , 1 97.J
ee b 1 S
THE CHRONICLE.
Southern roads have not done so strikingly well
(speaking o! them as a whole) as some of the other
roads, the reason probably being found in the low
price for cotton and in the yellow fever,
b a k x in ' g s o p
N ovem ber,
1805.
18JW.
1807.
|
1894.
1893.
1892.
*
938.8184.-%'
a l l 4,51"
LS98.&5
*
875.03.
1*52.83:
a ILo,2~
1*741,812
138,176
WMBK:
i f 3,785)
*S34,S8«
1,681,178
t *
*
*
]
1
880,837 j 790,9011
763,775}
830,162
1 5 7310!
100,32*!
155,102
119,707
lC9,258j
117,005!
114,199
130,5*70!
1,818.59*'* l,7 9 5 ,0 2 0 j 1.7.14,1171 1.050.809
110,50.1
150.068,
144.274*
133.506
SOg/ST
372 ,0 0 : j 332.0111 S S S .S iij
409,31*
382,037j 425,045
491,702
553. ICO
910,27"!
832,228
308,189
1,870,30*! 1,77*41*! 1,668, 202! 1,700,505
8,707.386
< S h vi.it O h io .. . . .
0.307.703
0 .0 03.0221 0 .1 2 9 /1 1
G e o r g ia ...................
K a » .C .M e m .A B lrL o u i s v . St N a s h v *no&
M e m p h is A C h a r ..
338*56*
M o b ile f c O M o .. ..
M flCW tf
N * .3 h .t'h a t-A 8fc,I
N o r f o lk St W es»r.;.
831,62
1,833,011
9 o n U P a H a llw a y
T o t a l ..........
s o o ra s a s o a o u r.
*.134,04!
0 510.929
a Wlscnrm h e re f or 1 0 7 And L+M a re simply th e to ta ls o f th e e arn in g s for t h e
fo u r weeks o f th e m o n th ah rep o rted in th e weekly re tu r n s ; th e m o n th 's
earninKs uni'll!y ese a ed th e w eekly estim ates q u ite considerably.
6 Including Scioto Valley A S a w g a r l and «nd Shenandoah Valley fo r all th®
years.
t Figures are approxim ate, sam e s s fo r 193*7: a ctu a l earniruts w ere lam er,
t Month o f N ovem ber n o t y et r e p o rte d i ta k e n «um- as last year.
* F ourth week n o t re p o rte d ; ta k e n sam e as la st year.
The result for the East-and-West trunk lines shows
a rather small gain, because of the small recovery by
the New York Central after a large loss the previous
year.
K X JtX IV OS O P TBUITK I.IX R S .
JSTovember.
1907.
*
B. A O. 9.W 1 sss.tsv
Oh. St Mis*.
a a c . A s t . i J 1,209,401
G .T .of Can.
Cb.AG.T~, - 2,175,721
0.O.HAM .
N. V.C.A ELt; 3.ftf0,753
1,061,220
W 'ahash__
m
1
170,333
1805.
1804.
*
633,271
6
523,714
1,202.63*
f 1,321.760
1^09,338 | 233.908
j 81.263
4^01,746
905,84" 1,066, W5
1,202,729
1,049,067
227.W2
88,399
3,937.003
1,028,374
1.0UUM4
1803.
X8SS.
«
*
618,331 j 212.243
« 308,004
1,100,03b 1,235,380
1,779,38
1,740,783
289,081
303,008
98,024
84.6? 5
3,897,13*
4,063.509
1,134,470 1.185^76
1099
GrosM E a r n in g s .
S a m e o f Road.
1897.
Ohio. Mil. A S t, P a u l .
Chie. Pfto.& S t.L ouia
Ohio. R. Is l. * P a n . .,
C hic. T e rm . Tr. R 8 .
Ohio. A :W est M ic h ...
CHoe. O kla. & G u lf...
a n , G e o rg , & P o r t s . .
0 In.N .O .& T e x . P a c ..
C lev. C a n to n & S o . . .
Oiev. C in .C b .& S t, L . .
n ie v . L o ra in & W h e e l.
Col. H o c k . V a l . i T o l
1 o lo ra tio M id la n d _
_
C olusa & L a k e ..........
D6Hb. Ji R io G r a n d e ..
D. M o 'n e sA K an C .- .
D. M o in es N o.& W est
Det- G r.S aD . «fc W est.
D et. & L im a N o r th ..
Dal. So S h o re ifc VU*
E ie ln J o U e t & E a s t.
B v aiisv . A I n d ia n a p .
c
S r a n s r . ,s T. H a u te ,
F la . C en t. A P e h lh ..
F lin t & F e r e M a r a ...
F t. W orm ,fc D C ity ..
F t. W o rth *fc R io G r . .
G ailgden & A tl. U n .
G eo rg ia ......................
G e o rg ia & A la b a m a ..
&a. S o u th . & F lo rid a
+ r. R ap id s A I n d i a n a .
Cln. fetch. A F t. W
T r a v e rs e C ity .. .*
M usk. O r. K .,t l a d
Gr. T r a n k o f C a n ... >
Ohio. * G r. Tr'lc .. >
■
D e t. G r.H ay.ife M . S
c m . Sag. A M a o k ...
T o l. Sag. A- M u s k ..
3 t. N o .- S . P . M. A M
E a s te rn o f MId u ..
M o n ta n a C e n tr a l..
G n lt ile a a m 't i t JC. C
G u lf A C h le a« o .
CUlhOls C e n tra l)..........
r n t a n i a t 'l A G t. IVo J
[nterocoaD io (M ex.).‘
1896.
$
s
3 ,3 2 8 ,4 4 5 2 ,7 3 8 ,5 7 0
7 2 ,8 0 S
66,251
1,644,733 1 ,2 0 1 ,6 3 0
1 0 2 ,0 0 0
87)817
1 3 8 ,3 -7
115,238
108,584
86,329
4,8k *
2
5,138
28 0 ,2 4 c
3 3 4 ,0 7 >
66,654
5 6 .1 5 4
1,209,401 1,01 9 ,8 4 2
1 49.906
86.055
2 93,015
253,951
1 19,995
1 5 s ,6 4
2 ,^ 0 0
1.300
7 8 4 ,9 0 0
596,601'
8,490
8 .0 8 3
3 6 ,832
3 7 .486
1 1 3 .1 9 9
86,671
3 8 ,294
9,97-1
91,377
7 3 ,0 9 <
100,461
93,401
2 8 ,1 1 3
2 1 ,3 0
81,985
9 4 ,1 8 ’
1 8 0 ,8 1 0
1 0 2 ,4 1 6
188,225
2 4 2 ,8 8 3
103,79:i
1 3 4 ,7 2 4
70.775'
34.92s
827
76.*
162,337
16L80e
107,011
9 0 .6 8 )
7 4 .0 5 0
81 .3 8
1 29,697
17 8 ,8 1 6
3 3 ,7 6 >
27.27V
2,405
3,45ft
9,1 1 5
7 ,5 su
M ileage
In crea se 01
D ecrease. 1897.
1896.
$
+ 5 s 9,925
+ 6 .5 5 7
+ 443.095
+ 14.18:+23,1.1P
+ 5 2 ,2 5 8
+25'
+.‘.3 ,8 8 3
+ 10,50+ 1 8 9 .5 5 9
+ 6 2 ,8 5 1
+ 39.66)
—3,758
+ 1.200
+ 1 8 8 .3 0 .
+ 407
+6*54
+ 2 6 ,5 2 8
+ 2 * ,3 2 0
+ 1 8 ,i8 4
+ 7 ,0 6 '
+ 3 .8 0 S
+ P ',1 9 7
+ 18,394
+ 5 4 ,6 5 8
+ 2 3 ,0 6 9
+ 3 5 ,8 5 1
—58
+2,46t*
+ 1 6 ,3 2 ^
+ 6 ,7 3 3
+ 4 9 .1 1 "
+ 6,48
+ *,05i+ 1,535
6,153
222
3,57
76
58
22c
42
336
210
1 ,8 3 192
34k
3 50
22
1,66:
112
15
33i
102
588
197
156
167
940
64S
469
146
H
307
458
285
43c
92
26
37
6 ,1 5 3
222
3 ,5 7 1
76
5 81
220
42
336
210
1,838
1 92
346
350
22
1,666
112
150
334
10 2
5 88
1 89
15 6
107
940
648
46 9
146
11
3 07
362
2 85
4 36
92
26
37
4 ,0 3 6
2,175.721
1,969,358
+ 2 0 6 ,3 6 3
4,030
12,897
10,267
1 ,8 5 5 ,8 8 6
2 9 0 ,9 8 5
195,56"
1 4 ,053
9,50*
2,53 4 ,4 2 7
4 2 0 ,7 8 '
1 5 3 ,2 1 8
135,001
•4,750
45.015
4 2 2 ,0 . 2
1 14,547
3 7 ,039
23,5 J*
3 0 8 ,2 5 2
37.870
23 ,8 5
275,084
4 1 ,985
3 0 7 ,8 0 9
0,597
1 3 3 ,0 6 '
45,51
l,9 2 0 a65n
8.020
2,335
93,171
1,103,333
473,14k*
2 0 5 .2 2 0
3* ,87ri
2 0 1 ,8 2 '
4 6 0 .8 1 0
1 ,4 1 4 ,3 0 )
2 ,4 0 9 .0 0
9 9 .0 0 0
40,151
396,553 ,9 6 0 .7 5 3
3 4 0 ,-7 7
8 3 1 ,6 2 "
2,569 ,3 8 9
8 1 ,4 2 1
18.621
7 3 ,1 * 4
44,328
044,925
73,311
1 1 8 .3 9 '
7 5 .1 4 '»
4.971
140,153
79,50*
4 1 ,092
3 8 ,2 8 2
28 4 ,4 0 0
1 0 5,50
3 0 ,0 0 n
8,200
6 3 3 ,6 2 '
55 6 ,5 0 0
187.529
6 7 ,°9 0
4 2 ,830
5,000
1,899
1,839.04*
6 5 ,348
91* ,.911
170.471
87,82
20 7 ,7 1 2
3 5 2 ,3 2 0
1,001,22 *
3 01,900
140.473
40 8 ,3 9 5
10.910
7.549
1 ,6 4 8 ,3 8 8
2 1 3 ,9 3 7
1 5 3 ,9 7 ’
1 0 ,242
6 .4 9 0
1,869 5 6 "
3 9 0 ,6 3 2
1 3 8 ,2 )4
120,0153 ,2 8 5
3 2 ,9 nb
335,73
llF-,28*
2 8 ,8 9 )
1 5 ,063
5*0,46.
2 1 ,209
2 2 ,188
242,64*
32,088
2 7 5 ,5 6 5
4,581
110,061
30.949
1,741,812
0,580
2,194
88,35
8 6 7 , )0n
4 3 2 ,9 2 J
215,481
2 9 ,075
170,194
2 8 9 ,6 0 2
1,0 9 6 ,9 4
l,S 9 o ,5 0 7
7 5 ,5 9 2
36.14*2
3 5 4 ,8 3 \
3 ,8 ^2 .3 1 8
33 .790
8 3 1 ,2 8 0
1.63 2 ,8 7 7
7 3 .869
17,591
3 3 ,823
2 8 ,878
4 7 4 ,8 6 '
64,858
114,394
5 3 .704
3,3 7 0
1 30,353
5 6 ,450
3 1 .132
36.811
2 1 1 ,9 8 0
6 9 ,690
2 5 ,776
0.6 0 0
5 0 9 ,4 9 4
47 9 ,7 3 c
162,418
5 8 .521
3 9 .424
7,04 t
2,599
1,684,178
3 7 ,4 2 2
76 1 ,3 3 9
1 85,785
6 6 ,109
21 2 ,1 8 7
31 2 ,0 0 0
9 0 5 ,8 4 0
2 51,375
9 2 ,1 *2
3 3 2 ,5 2 2
+ 1 ,9 8 7
+ 2 ,7 1 8
+ 2 0 7 ,4 9 + 7 7 ,0 1 8
+ 4 1 ,5 9 3
+ 3,811
+ 2 .0 L
+ 6 6 4 ,8 6 1
+ 3 0 ,1 4 "
+ 14.964
+ 3 8 .9 8 5
+ i6 7
+ 12,019
+ 8 6 .3 2 5
—7 3 )
+ 8 ,1 9 f
+ 8 ,4 5 "
+ 2 1 2 ,7 9 1
+ 16.001
+ 1 .6 8 7
+ 3 3 ,0 3 0
+9,807
+ 3 2 .2 4 )
+ 2,016
+ 16,102
+ 1 4 ,1 6 2
+ 8 4 ,4 3 + 2,040
+U i
+ 4,821
+ 2 3 7 ,4 ) 3
+ 40,52
— 10.261
+ 2 .8 0
+ 3 1 ,6 2 8
+ 171,148
+31735'
+ 5 7 8 ,4 3 3
+ 23.408
+ 4,009
+ 4 1 .7 2 0
+ 7 8 ,4 3 1
+ 2,38"
+ 47,334
+ 9 3 6 ,5 1 2
+ 7,6
+ 1.030
+ 3 '.6 i8-15,450
+ 170,058
+ 8 ,4 0 0
+ 34,095
+21,44;:)
+ 1,6 0 1
+ 9.3 2
+ 23,105
+ 9 ,9 1 0
+ *,451
+ 6 9 ,4 2
+ 3 5 ,8 1 0
+4,22.4
+ i.S ')0
+ 124,12 7
+ .6 .7 6 1
+ 2 5 . LI
+ 9 ,4 7 1
+ 3 ,4 0 6
—2,64 i
—700
+ 1 5 5,46 1
f 27,9 21
+ 15 1 , d 7 ‘
+ 20.680
+ 2 '.7 1
—4,445
+ 4 0 ,3 1 4
+ 155,389
+ 50.525
+ 5 4,371
+ 7 5 ,873
53
53
117
117
3,780 3 ,7 2 0
72
72
2 56
25c
65
65
62
62
3,800 3 ,1 3 0
775
775
53 1
531
509
509
20
20
17 2
172
975
975
276
270
153
174
194
191
5 96
814
35
35
148
148
725
725
90
90
3 75
375
50
50
372
372
166
166
2,985 2 ,9 7 5
97
97
44
44
330
3 30
1,950 1,861
1,219 1,219
321
321
22 7
227
370
370
1 ,1 8 9
1,189
2 ,1 9 ' 2 ,1 9 7
4.9 3 6 4 ,9 3 8
388
38M
149
149
687
687
2,395 2 ,3 9 5
477
481
1,570 1 ,5 7 0
4,351 4 ,3 0 7
224
224
211
222
26 6
266
2h0
314
1,005 1 ,0 6 5
331
331
352
352
183
183
25
25
22 7
227
77
77
61
61
ISO
180
550
55<>
25 1
251
111
111
20
20
1,102 1 ,3 2 8
1 ,2 2 3
1.2 2 3
2 48
24 4
165
105
15 3
153
Ir o n R a ilw a y ...............
K a n a w h a A M id i
K an.C , F t.S . & Morn
K an. C. M em . & B tr.
T dU 1., r. , . :
8^66,12?: $J584JS*8
K a n . C i t y * S . W. ..
K an . Itv A O m a h a .
♦ I n c l u d e * H o m o t V a ta r to w n «* U g d d o a b a r « f o r a ll t h e r o a r # .
K am C .P U tab , A G a lt
The other roads in the Middle and Middle Western K an. C ity Sub. B e lt .
K eokuk a W estern *
L ake E ie Sc
States (aside, we mean, from the leading trunk lines Lehl*?hrA H uW. este rnr.
d R iv e
l a j n g W a n d . . . ........
included in the foregoing) make somewhat varying Gos A n g e les T e rm 'l
Lo
t.
comparisons; in most eases the showing is very good. L ouifi v. E yams. ASt.LL .
u ts r.H c n d A S .
L outsv. A N a s h v ille ..
■ A R X iS O S O P R ID D L E A S D M ID D L E W E S T B K S BO AD R.
M acon A B InairuPm *.
M a n ls tto u e . .............
ite in p , & C h a rtu st'u *
N w tm & er.
1897,
am .
1894,
1803.
1892.
m
M exican C e n t r a l........
t
S
e
M ex ican N a tio n a l..
»
*
*
113,227
A o n A r b o r ........
06,4* 2
90,185
83,20
96.248
M exican R ailw ay * .
09,365
M exieun S o u th e r n '..
B uff. R o c h .d c P it*
s ri.b iu
301,897
300. *519
: 64.611
276,908
282,913
M inn. A 8 t. L o u ie___
C h ic a g o A E a s t. II
401,642
378,904
340,37 1
312.90
370.000
33M 8*
M inn. S L P .A + H te.M
223,131
C h ic . l a d . A I t . . , .
2 7 S J7 S
25P.73247,502
SBOllftt*
209,402 Mo. K ana. A T e x .a y s
O iile . A W e * t M ich
a?3-*,357 a 116,238
13*1,047
130.171
l i rt,62i'
1 :0 .6 1 0
Mo. P a c . A Iro n M t.
208,016
O oh H . V. A T o l .
253.961
2S#,3S<S
2H4.7S8
.229,111
294,001
C en tra ] B ru n c h ___
M obile A B ir m 'g h a iu .
a8d,671
89.403
D e b O i . B a p A W f e . 4113.199
97,29V
10J,8»»
111,104
■wooUe i O h io ..............
04,182
B r& a rrJfc T e r r e 11
8+9*5
102,070
OJ.T.W
102,332
103,731
« . X.Ueo. A H u d . Riv.
188,225
f l i n t A P- M a rq ..
2 0 3 /5 1
242.908
102,271
189.804
235,015
N. Y O nt.
r.
W e st___
103.951
22o,li*?
213.811
O r. H ap.A l a d . .. ..
217,t » s
2>*9.1Xi
268.030
N orfolk .v W e s te rn ..
I l l i n o i s C e n tr a ; f . . 2.534.427 1 ,8 0 9 /8 6 2,137,388 1,902,871 1,991,100 1,850, r 8 N o rth e rn P act t i e . . ..
L a k e E r ie A W e s t
*76.88*
842,64*
307,157
292.811
254,918
293,530 O hio R iv e t* .....,. . ..
307,«00
275.665
L o n g I s l a n d ............
278,093
377,2.5*1
8S8,48H
298.373 O hio R iv e r 4: C h a r ...
O hio S o u th e r n .............
L o n .E v a n s .A 8 U >
133.000
110,964
135,773
111,0291
121.990
115,841
O m a h a K an . C. <k E.
3 4 0 ,1 7 '
337.700
310,27
N . Y . O n t. A W e s t
325.280
816,381
279.594 O regon R R . A S a y . . .
241,62
P i t t e b ’g A W esV r.
217,991
360.81J
179,711
244.031
203,910
Peo. Ueo. 4s E v a n a v .
176.47>
155,785
179.303
T o l, A O h io C e n t.
152, "51
195,801 P e o ria A E a s te r n ....
1M .S02
Plfetsh. B e ss. A L. E
8 ?,8 2 1
60,109
87,892
T o l. Peo. A W e s t,
76,407
79,839
82,007
165.348
T o l. S t. L . A K. C
207,742
212.187
186,070
116,080
186,138 P I tts b . U e b . A W est.
P lttsf). & W e s te r n ..
251.37?,
301,00*
W e s t . N . Y, A P a
314,058
270,274
238.020
305,131
P I tta b . O iev. A Tol
146.473
92,102
W h e e l . A L . E r ie
I20.O0O
114,154
113,909
112,108
P itts b . P a . & F a ir ..
Rio G ra n d e S o u th ’d.
T o t a l ........ ..
7.001.839 3,084,020 0.418,693 5 .070,04l i 5,843.157 0.109.131
Rio G ra n d e W e s te rn .
+ toeludes th e o p eratio n < of th e s t. Louis Alton A T erre H a u te for ni1 8t. J o s. J» O r. f s la u d ..
th e years but th e Ch *
i^apeake Ohio 4 South'weal e ra . Chicago A Texas and Ohio S t. L. C hic. A 8 t. Paul
Valley fo r 18ft? only.
S t. L. K e n u e tt A So.
a Fijjnrei here f'»r ISftT and lSC»dare sim ply Ebe to ta ls o f th e earnings for th e S t. L o u is A San F i\.
fo u r weeks o f th e m onth as reported In th e weekly re tu rn s ; th e m o u th ’s 3L L o u ie S o u th w ee’n
• a r n i n g s u « aalij9 x ceed th e weekly e stim ates q u ite considerably.
8 t. P a u l ds D iiln th ___
8 a n F r a u . & N o .P a o .
H R O B * E A R N I N G S A N D M IL E A G E IN N O V E M B E R .
8 h e r 8 h re v .& 8 o a t h . .
22
22
s u v e r t o n . . . ..................
37
37
So. H a v e n A E a s t ’1
1
G ro ts S la n tin g *
M ileage.
4,777
4 ,8 2 7
S o u th e rn Railw ay..
S r a m e o f B o a ti
17 6
T e x a s O e n trn l............
176
In crea se o r
1896,
1,499 1,499
1897.
fe
D ecrease. 18 9 7 . 1 8 9 6 . T e x a s < P a e ltlc ..........
3 71
371
Col. A O hio C e n t r a l . .
248
Tol. P e o ria &, W est’n
248
$
*
*
451
451
A la b a m a Q t.S o u th ’n
1 5 4 ,2 8 7
+ 20,370
310
310 Tol. 8 t. L. & K. C ity
174,657
974
9 74
A nn A r b o r . . . .
+ 10.82.*
113,227
292
292 U n .P ae . D ee. & G u lf.
9 6 402
1,9 3 0 1 ,9 3 6
A tla n tic A D a n v ille
48,7 0 7
+ 3 ,8 0 4
278
278 W abash.___ ______ . . .
92,81 6 51
W est. N. Y. A P e n n ..
651
+ 6 1 ,8 7 4
B al t. A O hio 800 th w .
921
4 7 0 ,3 2 3
923
5 3 2 ,1 9
247
. 247
B l m 'h a m A A tla n ta
2,5 0 6
+ 1 .7 3 '
22
22 W heel. J e L a k e E r ie ..
4,243
937
937
B utt. R oeh. A P + ts b
+ 2 1 .0 8 5
339
323.57V
3 0 1 ,5 9 7
34 0 W isconsin C e n tra l.
B u rl. f e d . R * N o ..
+ 9 3 , S t "5 1,136 1.136
4 2 7 ,374
3 3 3 ,7 2 7
T o ta l U 37 r o a d s ) ... 5 2 ,1 8 2 .3 7 ? 43 ,2 0 1 ,1 2 9 + 8 ,9 8 1 ,4 4 3 100.045 9 9 ,2 0 2
C a n a d ia n P a c ific ,. . .
2,* 3 7 ,0 0 0 1 .9 6 4 ,6 8 4 + 5 7 2 ,3 1 6 0.547 0.444
5 9 5 ,1 2 8
-C e n tra l o f O e o riria
5 1 0 ,4 7 5
+ 7 5 ,0 5 3 1,523 1,459
* F o r th r e e w e ek s o n ly .
+ 0 3 ,7 7 1 1,360 1,30(1
Che-sane: Rite A O h io .
8 7 5 ,0 3 5
» 3 8 ,8 o «
f In c lu d e s C h e s a p e a k e O hio & S o u th w e s te r n , O hio V a lle y a n d Ok
O hio. A E a s t I llin o is .
c
648
4 0 1 ,6 4 2
522
+ 7 3 ,1 5 9
331,-4*3
+ 153,004
Ohio. G re a t W este rn
930
930 c a g o tk Texa?? f o r 1897 o n ly .
4 7 3 ,5 4 2
3 1 9 ,8 4 9
C hic. In d . A L o n isv ..
2 2 3 ,1 3 1
+ 5 6 ,9 9 7
537
5 37
2 8 0 ,1 2 3
t E a rn lu g s of G alv. K o u s. & H e n d e rs o n a r e e x c l u d e d fo r bot>b
THE CHRONICLE.
1100
UKOPN E A K .N IM iS FRO M JA N U A R Y 1 TO N O V E M B E R 30.
1 8 9 7.
1896.
*
N am e o f R oad.
$
1,375,274
1,1 7 1 ,7 9 ]
Alabam a Gt. S outhern.
1 ,0 >0.625
1,18 3 .6 4 *
Ann A r b o r ....................
498,393
• 4 9 2 .* 17
A tlantic A D anville . . .
5 ,5 9 7 ,9 7 8
5 ,8 4 7 .8 9 7
Balt. A O. South w e s t...
21,5 3 3
23,»2P
BinnineUain * A tlantic
3 ,0 -2 ,3 9 9
3.166,76*
Butr. Roch. A PittsDurg.
4 .0 6 7 ,5 8 8
3 920 ,7 8
Burl. Ced. Rap. A S o . . .
Canadian Pact Ho............ 21 ,7 2 3 ,3 4 2 18,755,72*
4 , ' 6 7,542
4,834.944
Central of G eorgia.......
9 .3 5 6 .3 7 5
Chesapeake A Ohio....... 1 0 .. 90,917
3 ,0 75.122
3 ,4 9 5 .7 3 .
Chic. A E a st’n Illin o is..
4 ,2 7 1 .0 6 8
4 ,0 8 4 ,4 ' 0
Chic. G reat W estern ..
Chic. Milw. A St. P au l.. 29.301,681 2 8 .7 8 1 .5 0 9
8 0 9 ,‘ 09i
2
737,927
Chic. Peo. A 8t. L ouis..
Chio. Rock Isl. A P ao ... 15.324,78? 1 4 .1 8 4 ,5 6 3
1 .4 9 3 ,7 0 )
1,4 96,4 9 4
Chic. A West M ichigan.
3 .3 1 7 ,1 5 '
3 ,0 6 7 ,5 6 8
Cin.N.O. A T exas Pac.
651.331
5 9 9 .7 1 5
Cleveland Canton A So.
CJlev. Cin. Chio. & St. L . . 1 2 .5 2 3 ,4 3 ) 1 1 ,8 0 7 ,0 1 3
1 ,2 0 1 .2 3 0
1 ,2 38,646
Cleve. Lorain A Wheel .
1 .5 *5,815
1 ,0 85,221
Colorado M idland.......
2 ,2 7 4 ,^ 9 3
2 ,2 7 0 ,9 7
Col. Hock. Val. A T ol...
17.991
21.4 5 5
Colusa & L ak e_______
6 ,6 5 7 ,6 6 0
Deny & Rio G rande---6 ,8 6 6 .9 3 8
139,759
1 0 4 ,7 2 6
Des M oines* Kan.City*
4 0 9 ,5 9 2
391,23:^
Des Moines No. * W est..
1 .0 7 6 .8 5 9
1,184.19^
Det. Or. Rap. A W est...
1,42 6 ,4 9 2
1 ,7 6 2 ,1 1 7
Dill. So. Shore * A tl* ...
1 ,1 9 4 .1 7 3
1,071,738
Elgin Joliet A E astern .
260,7 91
26 ',67?*
E vansv. * Indianapolis
9 7 5 ,6 1 2
1.005,021
Evansv. & T erre H au te.
2 ,3 6 2 ,9 5 0
2 ,5 2 -,4 1 2
Flint A Pere M arquette.
2 ,1 6 6 ,3 7 2
1 ,9 3 5 ,5 8 8
Fla.Cent. * P en in su lar.
91 0 ,7 * ?
1 ,1 48,668
Ft. Worth A Denv. City.
355,704
2 9 1 ,1 1 6
F t. Worth A Rio G r’de.
7.446
9,738
Gadsden A A talla U n ...
1,410,031
1 ,4 4 7 ,9 4 5
G eorgia.............................
8 0 5 ,b l4
794,834
Ga. South'll & F lo rid a..
7 8 3 ,1 7 7
1 ,0 0 2 .23C
Georgia A A labam a.......
Gr. R anids & I n d ia n a ..
1 ,7 5 5 ,7 4 7
1 ,8 06,745
369,072
3 6 2 ,2 2 6
Cln. R ich .* Ft. Wayne.
4 2 ,1 8 6
36,025
T raverse C ity..............
107,866
Mus. Gr. R. A In d .......
111,388
Gr. Tr. of Can. (3 r’d8).. 2 1 ,2 8 4 ,' 49 2 0 ,7 8 1 ,1 2 7
1 1 6 ,5 0 8
Cln. Sag. A Mack ........
111,075
101 ,< 72
7 6 ,1 3 7
Toledo Sag & Musk.
G reat Nor. St. 1'. M.A M 1 5 ,161.805 1 4 ,4 9 8 ,3 9 1
1,79 6 ,1 0 4
E astern of M innesota.
1,817,108
M ontana C e n tra l........
1 .7 6 0 .2 0 5
1 ,8 8 7 .2 8 '
87,285
Gulf B eaum ont A K . C
118.078
G u lf * C hicago..............
4 2 ,732
44,705
Illinois C entral.............. 22,138,724 1 9 ,686,775
3 .U 8,906
Int. A G reat N o rth ern ..
3 ,2 6 3 ,9 2 8
2 ,3 2 1 ,f-’ 0
2,052,618
Interocean ic (M ex.)J...
Iow a C e n tral...........
1,593.236
1,563,418
35,256
3 9 ,? 8 ‘
Iro n R ailw ay..........
K anaw ha A M ichigan. .
4 12,970
4 81,246
Kansas C. F t. S.AMem.
4,442,725
4,046,149
1 ,065,03V
Kan. City Mem. A B ir.
1 ,0 6 2 ,8 )8
K ansas City A N . W___
323,290
255,034
K ansas City A Om aha
107,408
217,168
2,17 4 ,5 4 5
Kan. City P itts. A Gulf
7 0 8 ,8 2 5
Kansas City Sub. Belt .
4 60,435
311.173
3 52.454
Keokuk & Western*.
3 68.719
Lake E rie A W e ste rn ...
3.123,14 9
3,057,247
Lehigh A H udson R iver
358,632
3 5 1 .2 1 8
Long Isla n d ............
3,694 .4 4 3
3,866.558
78,548
Los A n celesT erm in al..
85,865
Loulsv. E vansv. A8t.L.
1 ,3 8 0 ,8 4 0
1,332,603
Lonisv. Heud. A St L .
464.937
415,999
Louisville A N ashville.. 18,912,926 1 8 ,408,575
Macon A B irm ingham ..
60,378
5 6 ,563
M anistiau e....... ............
110,638
1 05,720
1.223.072
Memphis A Charleston*
1,135,172
Mexican C e n tr a l.......... 11.597.307
9,17 2 .3 7 2
Mexican N atio n al..........
5 ,4 ' 0 ,3 "8
4 ,6 8 4 .1 6 3
Mexican Railway X.........
2,844,10*3,336,754
Mexican Southern*.......
610.895
4 86,569
M inneapolis A St. Louis
1,966,246
1.83 0 ,0 0 7
Minn. St. P.A S . Ste. M..
3.589,612
3,385,069
Missouri K. A Tex. sys.. 10,789,408 10 605,179
Mo. Pacific A Irou M t.. 22 ,4 3 5 ,0 0 0 1 9 ,950,269
Central B ranch..........
1,028,000
6 9 7 ,1 7 2
Mobile A B irm ingham ..
3 0 1 ,2 8 9
2 77,133
Mobile A Ohio................ I 3,611,576
3.3 4 8 62*
N. Y. Cent. A Hud. Riv.J 41 .9 3 4 ,5 4 7 40,236,861
N.Y. O ntario A Weat’n ..! 3,62 9 ,4 6 6
3 ,580,09a
Norfolk A W estern........
9,884.897 1 0 ,0 2 8 ,3 9 k
Northern Pacific........... 1 19,089.251 17,41*2,88v
, Ohio R iver.....................
878,348
892,597
Ohio Rlv. A C harleston.
168,519
168,108
Ohio Sou t h e m . ............
632,70*
658,841
Omaha Kan. C.A E ast.* 1
6 15.307
5 40,817
Oregon Ry. A Nav’n ___
4,241,561
5,045,892
Peoria Deo. A E vansv.
825,824
7 80,585
Peoria A E a s te rn __ __
1,583,853
1,55 3 ,0 2 2
Pittsb. Bess. A L. Erie.
5 89,957
5 66.998
P itts. Li fib A W est........
42,443
39,686
Pittsburg A W estern
1,581,768
1,581,953
P ittsb. Cleve. A Tol...,
814,815
7 0 4 ,96(
P it tab. Paines, F*pt
339,702
35 5 ,2 5 5
Rio Grande S o u th e rn ...
345.362
4 l% 7 7 5
Rio G rande W estern_
_
2,198 ,1 3 2
2,697.578
8t. Jos. A G rand Islan d .
610,622
1.042,363
8t.Lonl8C hie.A Si.Paul.
272,603
27 2.347
8t. Louis A San F ra n ...
5.959.481
5,535,954
Bt. Louis S o u th w estern .
4 .392,3 M
4,356,643
8t. P aul A D u lu th ....... .
1,490.086
1.430,056
Ban F ra n .* North. Pac.
74 6 ,3 3 b
693,511
Sherman B hreve.A S o..
290,88?*
2 72.845
Booth Haven A E .s t’n
2 .,7 4 ?
25.963
Southern R ailw ay____ 17,886.5*0 16,967,186
Texas C e n tral................
310.235 r
259,84b
Texas A Pacific..............
6.612.75*1
6.00 7 ,7 2 *
Toledo A Ohio C e n tra l..
1.540,819
1 ,6 2 8 ,. 77
Toledo Peoria A West’n.
854,474
868,*76
Tol. 8t. L. A Kan. City..
2,076,174
1,979,702
Union Pac. Den. A Gulf.
3,209.44]
2,829.121
W abash............................. 11,150,29) 10,997,932
West. N. Y. A P a...........
2,845.769
2,810.46*]
Wheeling A Lake E rie .
1 ,060,09
1,190,31b
Wisconsin C e n tra l........
4,157,105
3,955,703
l p g a j e t a r g s < ^ h m m e r jc ta l^ u fllts tt4 » je T O
I n e r t i s e . j D ecrea ts
$
96,51*7
1 2 7 ,0 2 0
. .. . ...
2 4 9 ,9 1 8
1.896
8 4 ,3 6 '
2 ,9 6 7 ,6 1 6
67.4 02
8341542
17 .39.
4 1 3 ,3 3 2
580,171
1 .1 4 0 ,2 2 5
2,793
2 4 9 ,589
. . . . ___
7 1 6 .418
3 7 ,4 1 c
*
.......... ..
146,815
.......... .
7 1 ,2 8 2
5 1 .6 1 6
.............
99,406
4,020
1 8 ,3 5 9
1 0 7 ,339
3 3 5 ,625
1 2 3 ,4 * 5
8,8 8 7
........
........
1,892
37,9 1 4
2 1 9 ,0 5 3
50,998
6,846
5 0 3 ,522
24 935
663,414
21,00
127,082
30,793
1,973
2 4 5 1 .9 )9
155,022
268,892
68,276
396,576
10,7 8 0
.............
6 161
3,522
5,433
..............
29,818
4,624
2,214
68,25»10 9 ,7 6 0
1,465,720
1 49,262
16.265
65,902
7,61
1 72,115
7,317
48.23*
48 ,9 3 =
504,351
3,815
4,918
8 7 ,900
2,424,935
776,145
4 9 2 ,6 4 5
124,326
136.239
2 0 4 ,s 43
184,229
2,4*4,731
3 3 0 ,8 2 8
24,156
262,94 8
1,6 9 7 ,6 8
4 9 ,368
143,49.5
1,676,369
14,244
411
26,135
74,490
8 0 4 ,3 3 '
4 5 .239
3 0 ,8 a l
2.757
109,885
499,44 6
401,741
256
423,527
35 671
60,030
5 2 ,825
18,043
919,381
4 0 .390
605,< 26
9 6 ,4 7 ?
38 ,317
1 52,359
3 5 ,304
201,402
b
[From our own correspondent.]
L ondon, Saturday. N ov, 27, 1827.
....
5 ,8 7 6
3.4 6 4
209.27?*
35,033
29,409
165,46k
2 3 0 ,784
237,88b
64,58>
fYOL. LX
2 z ,9 5 9
185
15.553
7 0 ,413
1,121
87,358
14,405
1 30,223
T o ta l <124 r o a d s ) .... 4 8 4 .0 0 9 .1 7 t 453 151,948 32 ,3 9 4 ,4 1 9 1 ,5 4 0 ,1 9 7
N e t n o T e a se ........
..................... 1 . . . . _____ 10.85 *,222
* F o r th re e w eek s o n ly In N o v em b er.
J N ovem ber 20.
Business in financial circles continues very quiet—indeed,
it seems to be growing more stagnant as the end of the year
approaches. Partly this is due to the fear of dear money.
The Bank of England has got complete control of the outside
market, and if necessary, therefore, is in a position to put up
its rate and make that rate quickly effective. That it still
holds command of the outside market was very clearly
shown this week when the Stock Exchange settlement began.
Last week the other ba ks were rather inclined to let rates
go down, and were talking confidently of easier money. This
week the bill brokers and discount houses have had to borrow
largely from the Bank of England, and the Bank likewise
did a considerable discount business. The banks obtained
from Stock Exchange borrowers at the settlement
per
cent for renewing loans and A% per cent for new loans. The
state of the money market is, of course, exercising only a
temporary influence. As soon as the New Year sets in money
w ill tend to accumulate in London and rates w ill gradually
become easy.
Another influence that deters people from engaging in new
enterprise is the apprehension of labor troubles. After much
difficulty the Board of Trade has succeeded iu bringing
about a conference between employers and employed in the
engineering trade, and it is hoped that an amicable settle
ment w ill be arrived at. But many doubt this. Indeed, not
a few think that the employers cannot afford to adopt a
forty-eight hours week, and that consequently, unless th e
employed give way, the struggle w ill be continued. Other
labor disputes are feared, and until there is a better under
standing arrived at in our leading industries between masters
and men, there w ill be more or less nervousness on the Stock
Exchange.
More powerful even than the anticipations of labor dis
putes is the uncertainty respecting politics all over the
world. The Austro-Hungarian Foreign Minister at the b e
ginning of the week made a very remarkable and very
statesmanlike speech in the Hungarian Delegation, in which
he referred with much gratification to the understanding hewas able to arrive at with Russia; and in which he in ti
mated without saying that Austria-Hungary is now taking
the lead in the settlement of the Cretan question. There"'!?^
obvious advantage in thus putting Austria-Hungary forward.
She has the confidence of this country on the one hand and
of Germany on the other. She is regarded favorably by
France and she has just succeeded in making an arrangement
with Russia. W hat comes from her, therefore, is less likely
to arouse suspicion than a proposal from any other great
Power. But the question is being asked in business, as well
as in political quarters, what inducement can have been
offered to Austria-Hungary to induce her to undertake so
delicate and so difficult a task, especially in the face of her
own nationality troubles at home? In other words, is a surprise'about to he sprung upon the world ?
Then again, the capture of a Chinese port by a handful o f
German sailors without serious opposition is not calculated
to encourage business. Does Germany obtain this as a
reward for the assistance she gave Russia when dealing with
Japan, and if not what will be the outcome of an attempt on
the part of Germany to plant herself on the Chinese sea
board ? These new questions have arisen to add to the un
easiness that already existed. The peace negotiations are
dragging, the unrest in the Balkan Peninsula is visibly
inereasing, the troubles of Italy do not diminish, the political
agitation in Germany is growing fiercer, the nationality
quarrels are not abating in Austria, and the position of Spain
is daily becoming more desperate.
Over and above all this the sudden and hardly intelligible
agitation that has sprung up in Paris in connection with the
Dreyfus affair is exercising men’s minds. That there is
undoubted excitement iD Paris nobody disputes, but it seems
scarcely credible that the position of the Ministry is in
danger, and that even President Faure him-elf, who won
such golden opinions by his visit to Russia, finds his hold
upon the French nation weakened. Yet private informa
tion from Paris asserts positively that since the flight of
General^ Boulanger France has not been in so dangerous a.
state.
D ecember 11, 1897.J
THE CHRONICLE
3101
1890.
1895.
1894.
1897.
Naturally, as a result of these influences, there is a total
Nov. 24.
Nov. 25.
Nov. 27.
Nov. 28.
disinclination to engage in new risks. Every department of
£
£
£
the Stock Exchange is dull. Brokers and dealers alike re circulation .. ......... .. .......... . 26,871,595 25,070,420 25,497,595 25,015.810
5,601.920
7,791,346
6,858,614
7,531,984
Public deposits,.........
port that the week has been one of the dullest for some years Other d ep o sits...... ................. 36,866,550 43,018.370 49,496,032 3M80 353
past, and the state ment applies not to any particular market 9overnm ent securities.......... 12,401,416 13,753,060 14,936,525 13,458 120
but to every department. British railway stocks are weak, Othersecuritles......... ............... 27,914,978 37.222 840 26,078,956 18,364,134
Seserre of no tea and coin...... . 22,324,072 28,780‘42S ?3,9 >7,738 26,740,070
American securities are totally neglected, there is almost Coln& bullion, both departm ’ta 32,395.007 36,050,848 43,605,331 34,955,380
05 5-16
53^
59 5-16
stagnation in the mining m arkets: as for international Prop.reserve to liabilities, .p. c. 49 11-18
2
4
2
Bank ra
d
stocks there has scarcely been anything doing in them for Consols,te ..................... per cent.
10S^
2-H per cent.................
107 1-16
113*4
HIM
several weel: s.
28 7-16d,
S ilv e r..................... .................
3QHd.
27Md.
SOd
In the meantime, however, trade at home is wonderfully Olearlntf-Honse returns ........ 123.513,000 123,012,000 113,753.000 97,375,000
Messrs. Pixley & Abell write as follows under date, d
good. Never perhaps has the home trade been so
good, and certainly the working classes have never been Nov. 35:
'iiilit.—'D ie
nt
n
u s
a b s o b ll
p p lie s h t a r r v
better off. Even the foreign trade has suffered much less tin: o p e n m a<.'eem in eT h ec oB tink e h a tore c e ivre d a £ 5s u,0 0 0 frotm aC a p eito e in,
rk t.
an
s
0
wn
than people expected from the long-continued engineering b u t tto- re iu-.v,- b e e n n o w ith d r a w a ls . A rriv a ls : A u s tr a lia , .€139 .0 0 0 ;
W est In d ie s , £ 6 9 ,0 0 0 . T o ta l, £ 3 9 > ,0 0 0 . S h ip
strutgle, from the fear of other labor disputes, from the m e n ts t o B o m b a y , £ 5 5 ,0 0 0 .
ie-u.siuti in n u ir
o o aell s
r
e en
m
th
Dingley tariff, the famine in India, the drought in Australia h aSstivaenr.—T X<>v<-iuhcr s ilv eyr fto r h e fjUilv efla ta t 2 th% f l.,bdn tof th ep ric o n of
e sed
o te
7
th e
e
and Argentina, and the political uncertainty on the Con f u tu r e d e liv e ry I n s n o t Im p ro v e d , a n d c o n tin u e s w e a k . T h e B o m b a y
p ric e to da v is Ra. 71 e p e r 100 T o talis. A rriv a ls : N ew Y o rk , £ 2 1 2 ,0 0 0 ;
tinent. It is scarcely an exaggerati n to say that, excepting A u s tra lia . i-.o O O ; W. -i In d ie -. £ 2 4 .0 0 0 . T o ta l, £ 2 4 4 000. S h ip
m n
the cotton industry alone, almost every branch of trade is T oetats : £ 1B o m b a0y. , a 7 2 ,5 0 0 ; C a lc u tta , £ 1 0 ,0 0 0 ; S h a n g h a i, £ 3 0 ,8 0 0 .
l.
1 3 .3 0
M ex ic a n D e lh ir t.—T h e re h a s b e e n a la r g e b u s in e s s in th e s e c o in
doing well. And it is to be hoped that the cotton trade will
a t 27% d. S h ip m e n ts : P e n a n g , £ 4 8 ,9 0 0 ; H o n g R u n g , £ 2 0 ,8 1 1 . T o ta l,
begin to recover now that the prospects in India are so much £ 0 9 ,7 4 1 .
better.
The following shows the imports of cereal produce into
The famine expenditure in India may be said to be prac the United Kingdom during the first twelve weeks of the new
tically at an end. The autumn crops were exceedingly good, season compared with previous seasons:
IM P O S T S .
the new crops are promising well, and although exports from
1897.
1896.
1895.
1894.
India are exceedingly small, still it is to be hoped that India ftnportsof wheat, owt. 15,802,800 10,033,480 17,782.760 16,099,204
B arley......................... 5,831,894 7,309.120 7,9113.330 r,7r9,077
w ill be able to buy much more cotton than during the past O ats............................ 3,454,420 4.899.290 3,393,740 3,252.852
twelve months.
732,490
636,469
Peas............................
747.400 1,01s,425
887. 50
978.-10 1,024,504
Seans..........................
950,860
From Australia the news is one sense favorable, in another Indian c o rn .................10,36 t , l " 0 14,990,780 10,219.900 5,378,074
3.780.200 5.037.780 4,783,700 4.918,548
not. The wheat harvest will be fairly good, but the spring F lo u r............
Supplies available for consumption (exclusive of stocks on
rains have not fallen, the drought is continuing, and a great
September 1)
-------- i qq«
VQQE
mortality among sheep is feared.
1894.
1897.
From Argentina the news is excellent. The wheat harvest Wheat Imported.owt. 15,802.800 16,033.130 17,782,''GO 16.699,204
Imports of flour........ 3,780,200 5.037.780 4,7«3./00 4.91-.548
is now safe and is very good, linseed is fairly good, the wool Sates of home-grown B.18‘ ,610 7,170,636 3.830,780 4,947,048
clip is large and the maize crop is promising well, though
T o ta l.................... .27,763,010 28,241,646 26,447,2-10 26,564,800
as locusts are in the country it is too early yet to speak of
1894.
the probable result.
1897.
1896.
1895.
Iver.prloe wheat,week.331.
d.
25s. 7d.
19s. Id .
Brazil is pa-sing through a serious crisis and is being tried Average prtoe, season..33s. tId . 32s. l i6d.
19a. Id .
2d. 27s.
24s. 5d.
by the heavy fall in coffee. In Uruguay the struggle for the
The following shows the quantities of wheat, flour and
Presidency between the present President and ex President
Herrera may at any moment renew the insurrection. The maize afloat to the United Kingdom:
Thia w eek. L a e t w eek.
1896.
1895.
ex-President is supported bv the Chambers, hut is utterly W eat
1 .8 8 6 ,0 0 0
h ............
2
unpopular throughout the country; and public opinion de Floor, e q u a l to qrs... ,035.000 2.030,uOO 2.240,000
271.000
q r s . . 410,000
380,000
440,000
mands that the Chambers shall be dissolved to prevent their M atse .......... . . . q r » . . . 434.000
597.000
370,000
940,000
electing him.
E n g li s h F i n a n c i a l . U « r k e t s - P e r C a b le .
Short loans, as said above, have been in strong demand
The daily closing quotations for securities, etc., at London,
this week, owing to the fortnightly settlement on the Stock
Exchange, although the bull account is exceedingly small, are reported by cable as follows for the week ending Dec. 10:
and therefore very little new money is required. The mere
Lo n d o n .
Tues.
Wed. T fiu rs.
Fri.
M on.
S a t.
demand to renew old loans is sufficient to show how small is
the real supply in the open market. Furt hermore, the India S ilv er, p e r o u n c e ........d.
■273s
26%
27%
27%
27
26%
Council has been calling in money that it had out on loan, lo n s o ls ., n e w , 2% p .o ts. 112)h1s,, 1131 is 113
m b s m i o . e 1125,8
and this no doubt lists further led to the tightness of the
F o r a c c o u n t ..............
m i s , , ; 1 1 3 '-,. 113%
113%
113»u 1131 1«
F r’o h re n te a (ln P a rlB )f r. 1 0 4 0 0 0 3 8 7 % 03-82% 03-92% i 03-95 03-87%
market.
13%
F . 13%
13%
13%
13is
13%
No gold has been withdrawn from the Bank of England 4 tc h . oT o p . d H a n tap roef. 29%
30%
29%
31%
31
D
o
29 H
during the week, and there has been no change in the Bank C a n a d ia n P a c ific _____ 82%
83
82%
83
82%
82%
2 2 *s
22%
23*s
23%
2 3 is
rate. The probability now seems to be that very little gold C h esa p ea k e & Ohio...... 2 2 ^
9«3i
98
98%
97%
Ohio. JSlilw. & St. P a u l . 96%
97
will be taken from the Bank for the remainder of the year.
47 H
47%
D env. * R io O r., p r o f .. 46*8
4741
46%
45%
It seems certain that India can take none, firstly, because S rle , c o m m o n ................. 15
J ft J4
15
15
15%
15
38%
37%
38%
the exchange is far below the gold point, and, secondly, be
1 s t p r e f e r r e d ............... 37 >4
37%
38*s
105%
105% 10 *4 106%
105%
cause the money market in India is becoming easier. It will Illin o is C e n t r a l............. 105% 1761s 178
178
be recollected that a couple of months ago the Bank of Louisville & Nashville. 176is 563* 56% 178
59%
58%
58 3
4
56%
Bengal put up its rate rapidly from four per cent to Mexican Central, 4a .. 68
09%
68%
69%
68%
69*s
13%
seven per cent, while the Bank of Bombay raised its Mo. Kan. A Tex., com.. 13% 13% 1338 110% >3% 13%
1 1 0 % 111*4
» . V . Cent’l < Hudson. 110% 110% 110%
fe
rat- from four per cent to six per cent.
Last week ft. Y . Ontario A West’n 13% 15% 15%
16
16%
16%
bo*h these banks reduced their rate one per cent, this N o rfo lk & W esfn, pref 4-1% 44*s 44
44 *
s
44%
45*4
205a
21-%
2 1%
2l*4
week the Bank of Bengal has farther put down its rate Northern Pacifie,com.. 20% 20%
593a
58%
58%
Proierred ...................
59 *
s
69%
to five per cent, so that the five per cent rate prevails in both Pennsylvania.............. . 58%
58%
58
58%
58%
58%
presidencies just now. In former times the money market °hila. Read., per sh. 11% 58% 11%
11%
11*8
1'%
11)4
24%
24*s
always began to grow tight towards the end of November and Phil. & Read., 1st pref. 24% 21%
24%
24%
9*2
9%
9%
9%
9*4
9%
the tightness usually lasted until May or .June. The export south'n Railway, cbm.
31%
33%
Preferred................... 31%
31is
32is
33*4
trade ought to be in the fullest activity from early December Union Pacific___ __ 2*% 26% 25% 28 is
26
25*8
to early June. But whereas this year money was tight and Wabash, pre fen c l ... 19
19%
19
19%
J 9*
4 19
difficult in October, it has become unexpectedly easy now.
It is certain likewise that gold will not be withdrawn from
jo
the Bank of England for Japan—this year at- all events. The
general belief here is that there will be no shipments to New
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
York, or very little at ail events. And whereas it seemed the imports at New York for the week ending for dry goods
probable a little while ago that Germany would require gold December 2 and for the week ending for general merchandise
none as yet seems likely to be sent.
December 3 also totals since the beginning of the first week
it will b« recollected that nearly three months ago the In in January.
dia Council suspended the sales of its drafts and that f o r a
VOKBIOS IMPORTS AT NEW VOBK.
considerable time previously it had sold much less than the
average. It was known, as a matter of course, that this
Fo r w eek.
1895.
1894.
1897.
1890.
would lead to considerable borrowing in London to pay what
$1,206,090 $1,515,579 $2,587,916 $2,285,458
Dry goods.......
are called the ' Home Charges." Already the Council has 3en’l mer'dlae
6,883,765
8,364,980
6,222,417
7,946,351
borrowed 6 millions sterling. This week it has announced a
farther lo-m of
millions sterling, and almost certainly it
T o ta l........
$7,423,507 $8,390,844 $10,952,896 $10,231,809
S in c e J a n , 1.
will have to birtow more before the year is at an end.
Dry good e.......
The following return shows the position of the Bank of Hen’l mer’dlse $112,521,346 $99,634,835 $133,980,079 $81,525,504
336,192,207 312,213,279 343,025,111 320,125,003
England, the Bank rate of discount, the price of consols,
to ta l 48 weeks 8448,713,553 $411,848,114 $182,005,190 $401,650,567
&c., compared with the last three years:
@ nxmcuctal ami ilUscellauecnts Incurs
THE CHRONICLK
1102
The imports of dry goods for one week later w ill be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending December 6 and from January 1 to date :
E X PO R TS FROM N E W YO RK F O R T H E W E E R .
1897.
F o r th e w e e k ..
F r e v . re p o rte d
18 9 6 .
1895.
1894.
$ 1 0 ,3 5 7 ,7 4 0
3 8 1 ,1 0 6 ,2 6 3
$ 8 ,6 1 6 ,1 7 1
3 4 9 ,8 3 9 ,7 1 9
$ 7 ,7 7 8 ,6 7 2
3 1 0 ,8 9 6 ,9 9 2
* 7 ,2 8 3 ,0 9 3
3 2 6 ,0 9 2 ,1 9 5
T o ta l 48 w eek s * 3 9 1 .4 6 4 ,0 0 3 * 3 5 8 .4 5 5 ,9 2 0 * 3 1 8 ,6 7 5 ,6 6 4 * 3 3 3 ,3 7 5 ,2 8 8
The following table shows the exports and imports of
specie at the port of New York for the week ending Decem
ber 4 and since January 1, 1897, and for the corresponding
periods in 1896 and 1895.
EX PO R TS 4 N D IM PO R T S O P S P E C IE A T N E W Y O R K .
Im p o r ts .
E xp o rts.
Gold
Weelc.
S in c e J a n . 1.
$ 9 7 9 ,6 6 0
1 5 ,4 7 7 ,4 7 3
1 1 ,7 8 0 ,0 0 0
6 4 3 ,4 5 8
2 ,0 3 0
2 0 1 ,5 7 5
7 5 5 ,4 4 0
G re a t B r ita in ...........
G e r m a n y .................
W e st I n d i e s .............
M e x ic o ........................
S o u th A m e ric a ........
A ll o th e r c o u n trie s .
$ 2 1 ,9 1 5
$ i8 .9 7 9
5,0 1 2
3 7 ,1 4 3
4 ,5 0 5
Im p o r ts .
E x p o rts.
S ilv e r.
W eek.
S in c e J a n . 1.
G e r m a n y ...................
W e s t I n d ie s ................
M e x ic o ........................
B outh A m e ric a ........
A ll o th e r c o u n trie s .
$ 9 2 6 ,6 2 6 $ 4 2 ,1 0 7 ,6 6 6
6 3 8 ,0 0 0
5 ,7 5 0
3 3 0 ,7 5 9
5 ,1 2 5
1 9 8 ,2 4 6
17,2 1 0
3 ,3 2 5
T o ta l 1 8 9 7 ..........
T o ta l 1 8 9 6 ..........
T o ta l 1 8 9 5 ..........
$ 9 4 3 ,8 3 6 * 4 3 ,2 8 8 ,8 7 1
9 8 5 ,2 9 0 4 8 ,9 3 6 ,5 3 2
6 9 0 ,2 3 0 3 5 ,0 3 3 ,8 2 9
G re a t B r ita in ............
$ 3 ,5 5 0 ,0 2 9
2 ,5 0 0 ,0 0 0
2 ,1 4 3 ,1 5 3
3 ,7 9 7 ,9 4 8
162,209
9 1 4 .1 4 9
4 9 7 ,4 6 4
$ 6 5 ,6 3 9 $ 1 3 ,5 6 4 ,9 5 2
6,6 6 6 82 ,7 5 6 .2 9 1
2 9 ,6 4 4 2 5 ,1 7 9 ,5 9 0
$ 2 1 ,9 1 5 $ 2 9 ,8 3 9 ,6 3 6
5 1 ,8 2 0 5 1 ,2 9 4 .7 5 7
3 ,5 7 9 .1 6 2 8 8 ,5 9 0 ,8 6 3
T o ta l 1 8 9 7 .........
T o ta l 1 8 9 6 ..........
T o ta l 1 8 9 5 .........
S in c e J a n . 1.
W eek.
S in c e J a n . 1
W eek.
$ 2 4 ,8 1 7
1 5 ,0 4 4
5 5 ,5 2 5
$ 9 5 ,3 8 6
2 7 ,8 3 5
6 6 ,1 1 2
* 5 2 ,6 3 9
2,b 0 6
2,321
5 5 2 ,3 4 3
1 ,2 9 4 ,5 8 7
9 4 8 ,1 3 4
4 3 ,3 6 7
$ 2 ,8 9 5 ,6 9 7
2 ,7 6 7 ,3 4 8
1 ,7 3 4 ,4 5 3
Of the above imports for the week in 1897 $24,083 were
American gold coin and $2,082 American silver coin. Of the
exports during the same time, $1,915 were American gold
coin.
[VOL. LAV
Bank Stock L ist—Latest prices.
A sk.
A m erica........
Am. E x c h ...
A stor Place*
Bow ery*.......
B roadw ay....
B u tc h .A D r..
C e n tra l.........
Chase.............
C hatham .......
Chem ical —
C itv ................
C itizens’----C olum bia—
C om m erce...
C o n tin e n ta l.
Corn E x c h ...
E a s t R iv e r..
11th W a rd ..
F ifth A v e ,...
F ifth " ............
F ir s t............
F ir s t N ., S. I.
14th S tr e e tF o u rth ...........
G a lla tin ___
Gansevoort*.
350
170
BANKS.
*N ot Listed.
Bid. Ask.
G arfield___ 550
G erm an A m . 112
N .Y .N a t.E x 80
N in th ..........
90
19th W ard.. 100
G erm ania— 300
300 325
N. A m erica . 135
G reenw ich... 105
O rie n ta l___ 140
237 250
105
350
P a c ific ....... 180
1P4 170
H ide & L .* .. 85
P a rk ............ 205
H n d . R iv e r.. 155
500
People’s _
_ 200
Im .A T ra d ’rs 525 550
Phe n ix .......
290 310
Plaza*......... 185'
4000
Ir v in g ............ 147*2 155
P ro d .E x ,* ... 114
L e a th e r M fs’ 108 175
050
125 140
L iberty* ___ 130
R e p u h lio ... 155
800
150 170
S e a b o a rd ... 173
M an h a tta n ... 230 240
S e c o n d ......... 450
209 212
100
M ark et A F ul 220 245
S e v e n th .
130 140
285 295
M echanics’. 185 200
Shoe A L e’th 94
S tateo f N .Y . 110
135 145
M’c h s’ A T re’ 110 113
220
10
T h ird ...........
M ercan tile... 170
2800 3400 M e rc h a n t.’ .. 148 155
T rad esm ’n ’8. 102
225
1 2th Ward*. 120
M erch’t . E x. 120
2800
M etropol’s ... 440 ......... U n io n ........... 220
U nion Sq.*.. 165
120 150
M t. M o rris.. 100
160
N a s s a u ....... 150
U n’d S ta te s . ,210
N . A m s’dam. 230
Y orkville*... 170
i8 5 195
W e s te rn _
_ 125
310 340
N ew Y o rk ... 235
105
M Y. Co’n ty 700
W est S id e .. 270
*220
174
*120
325
190
230
100*9
165
100
185
City R ailroad Secu rities.—Brokers’ Quotations.
Bid.
A tlan. A ve., B ’k ly n —
Con. 5s, g., 1931 ..A A O
Im p t. 5s. g., 1 9 3 4 .JA J
B l’eck. St. A F o l F .—S tk.
l8 tm o r '.,7 s , 1900. J A J
B ’w ay A 7 th A ve.—S tock
ls tm o rt.,5 s , 1904. J AD
2d m ort., 5s, 1914.J A J
B’way 1 st,5s.guar. 1924
2d 5s. in t. as r e n t’l. i905
Consol. 5s, 194 3 .. J AD
M et. S t.R y..gen. os, ’97
B rooklyn C ity—S to c k ...
Consol. 5s, 1941.. J A J
B klyn.C rosst’n 5S.1908
BkTnQ ’ns Co. A S u h .ls t
B kl’n C.A N e w t’w n—S tk
5s, 1939..................... .
B rooklyn R apid T ra n s it.
5s, 1945................. AAO
C entra) C rosstow n—S tk .
1st M., 0s, 1 9 2 2 ..M A N
Cen. P k .N .A E .R iv .—S tk
§100
77
31
100
203
104
§111
§117
§104
120
113
196
114
100
1( 2
160
113
33^
91*2
195
§118
173
103
80
33
108
206
108
112*2
118
108
120*2
113-2
197
116
108
103*2
116
34
122
178
1TJ
113
119L> 1 9 0
C hrist’p ’rA 10th S t.—S tk 155
1st m ort., 18 9 8 .. . AAO 102
§ A nd a ccru ed in te re s t.
Bid. A sk.
Ask.
D. D. E. B. A B a t’y—S tk.
1st, gold, 5s, 193'2.JAD
S c r ip ...............................
E ig h th A v en u e—S to c k ..
Scrip, 6s, 1914..............
42d A Gr. s t. F e T —S tock
\
42d S t. M an. A St. N . Av.
1st m ort. 6s, 1 9 10.MAS
2d m ort. incom e 6s. J A J
K ings Co. T rac.—S to c k ..
Lex. A ve.A P a v .F e iry 5s
M etropolitan S t. P y .-S tk
N a ssau E lec, 5s, 1 9 4 4 ...
N . Y. A Q ueens Co.5s,1946
S te in w a y ls t 6s.’22 J A J
N in th A v en u e—S to c k ...
Second A v en u e—S tock..
1st m o rt.,5 s,1909.M AN
D e b e n tu r e 's ,1909. J A J
S ix th A venue—S tock ---T h ird A v enue—Stock . . .
1st m ort..5s, 1937..J A J
T w enty-T hird S t.—Stock
Deb. 5s, 1903...................
175
114
§ 99
320
105
325
37*2
§116
70
40
119*2
1193^
95
114
180
130
108
104
190
146
123*2
300
103
110
1st 5s, i 942.................. §107*2
W e stc h e st’r, 1st, gu.,5s §103
160
104
110
101*2
107
350
3934
117
75
47
120
120
90
110
200
140
109
200
147
109
—Buyers and sellers of Southern and Western securities
—The directors of the Oregon Railroad & Navigation Co. are referred to the card of R. N. Menefee & Co., in our
have declared a quarterly dividend of 1 per cent on the pre S t a t e a n d C i t y D e p a r t m e n t . Mr. Charles W. Rosenberger,
ferred stock of the company, payable Jan. 3, 1898.
who is in charge of the bond department, has for a long time
made these securities, more especially those of Texas, a
New York City, Boston and P hiladelphia Banks.—Below specialty, and w ill furnish on application copies of the new
we furnish a summary of the weekly retrfms of the Clearing law governing the issuance of Texas si curities.
House banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nonAuction Sales.—Among other securities the following, not
member baok-i, which will be found separately reported on regularly dealt in at the Board, were recently sold at auction.
the third page following.
By Messrs. R. V. Harnett & Co :
Capital A
Surplus.
Loans.
133.402.8
133,462.x
133.462.8
132,333,0
BANKS
575,316,9
580,17^,0
594,207,5
597,744,0
Specie
Legals.
Deposits.+ Oirc'Vn Clearing*
9
1028563 77.741.8 035,331,8 16.032.5
1030502 80,537,4 6 4 3 .1 1 7 .4 15.989,2
1041505 83.375.8 659.561.5 16,009.1
1044898 84.202.8 666.278.6 15,910,0
63.393.81179.500.0 11.257.0
03.393,8' 17u,599.0 11.281.0
03.393.8.180.208.0 11,329,0
9.128.0 181.355.0
9.423.0 180.857.0
9.591.0 184.168.0
35.388.0
118,702,0
37.029.0
35.388.0 118,160.0
37.889.0
35.388.0 117.740,0
38.527.0
129.448.0
128.615.0
129.259.0
$
792,006,3
728.020.1
652.151,0
793,330,9
7.064.0 97.694,2
7.103.0 83.508.8
6.418.0 109.022,6
6.501.0
6.400.0
6.503.0
70,540,6
00.527,3
82,026,5
* W e o m it tw o ciphers in all these JlQures.
+ In clu d in g for Boston and P h ilad elp h ia th e ite m “ d u e to o th e r b a n k s ”'.
Miscellaneous B onds:
M is c e lla n e o u s R o n d s .
Ch. Ju n . A 8. Yds.—C o l.tg .,5 s
ColoradoC. A 1 .1st cons. 6s.g.
Colorado Fuel A I.—Gen. os.
Columbus Gas—1st, g., 5 s_
_
Commercial C able—1st g. 4s.
Con8.GasCo.,Chic.—la tg u .5 s
De Bardeleben C. A I .—g. 6s.
Det. Gas con. 1st 5 ...................
Edisoo Kleo. 111. Co.—1 st 5 s..
Do of B klyn., 1st 5 s ..
E qnit. G.-L , N. Y.,cons.g. 5s.
E quitable G. A F . - l s t f l a . . . .
E iio Tel eg, A Telep. 5s, g.„.
Galveston W harf Co.—1a t 5s.
Henderson B ridge—1st g. 0s.
Illinois Steel deb. 5s
Non-conv. deb. 5s
---" ''’’ind io ates prloe hid:
M is c e lla n e o u s B o n d s .
Jeff. A C lear. C. A 1 . 1 st g.5f>
2d g. 58 ..................................
M anhat. Beach H . A L. g. 4s.
M etro p o l.T el. A TeL 1 st 5s.
M lch.-Penin. C ar 1 st 5 s ___
M utual U nion Teleg.—0s, g ..
N a t. S tarch Mfg. 1 st 0 s....... 105 b.
N. Y. A N . J . Telep. gen. 5 s ..
N o rth w e stern T eleg rap h —7s
People’s Gas A C. ) 1st g. 0s. •114 b.
Co., C hicago.......J 2d g. 6s. 109 a.
1st coos. g. 0s ........................ 113 b
S outh Y uba W a te r—Con. 0s.
S tan d ard R ope A T.—In c. 5s. *12**b
Sun d ay C reek Coal 1 s t g. 0s.
W estern U nion Teleg.—7 s ... *1041 b
9
W estern Gas coll, tr. 5 s_ J. 102 b_
p ric e asked. * L a te s t p ric e th is w eek.
Gas Securities.—Brokers’ Quotations.
QAB CO M P A N IE S .
B'Aiyn U n io n c a s —Stock.
B o n d s....................
C e n tra l............................. . j
C onsum ers' (J ersey C ity ).
Bond s ....................
Je rse y c ity A Hoboken*
M etropolitan—B onds.......
M utual (N. Y .)...............
N . Y. A East R lv. 1st 5s..
P r e f e r re d ................. .
Common........................
Consol. 5a....................
B id . | A s k .
GAS C O M P A N IE S .
(People’s (Je rse y C ity )__
W illiam sb m g 1st 0s....... .
F a lto n M unicipa* 6a.......
E q u ita b le ............ ...........
Bonds, 0s, 1899 .............
S h a re s.
10 J o u r n e a y & B u r n h a m Co. p r e f ................................................................. 60
By Messrs. Adrian H. Muller & Son :
S h a res.
3 3 9 C o lu m b ia R u b . W’k s Co.
o f A k ro n , 0 .,$ 1 0 0 e a . $ l p .sh .
2 6 9 C o lu m b ia R ub. W ’k s Co.
o f A k ro n , O ...$ l - r l * 5 0 p. sh.
3 4 O r ie n ta l B a n k ................... 1 50
8 J o u r n e a y & B n rn h . p re f. 73*2
$ 1 ,2 4 0 A tla n tic M u tu a l In s .
Co s c r ip o f 1 8 9 2 , ’93 , ’9 4 &
’9 5 ........................................ 105-108*2
S hares.
7 7 C e n tr a l R R . o f N. J . L a n d
Im p . C o ............................. 4 0
3*s U n ite d E le c . L ig h t & ]
P o w e r Co. p r e f ..........
3*2 U n ite d E le c . L ig h t & f * iU 1
P o w e r Co. c o m ............ J
1 S o c ie ty L ib r a r y (s u b je c t
to y e a r ly a s s e s s s m e n ts )$ 2 5
1 0 T a y lo r I r o n A S. Co. p f .. 80
2 N o rth R iv e r I n s . C o......... 128
1 M e r c h a n ts ’ E x . N a t. B k .1 2 4
2 C e n t. N . J . L a n d Tmp.Co. 34
2 5 W a g n e r P a la c e C a r C o .. 156*8
1 44 N a t. B u tc h e r s ’ & D ro v
e r s ’ B a n k . ...................... 9 4
1 00 N ia g a r a F ir e In s . C o ___1 7 0 's
1 0 0 H a n o v e r F ir e In s . C o ___14 4
1 0 0 W e s tc h e s te r F ir e In s .C o .2 2 1
5 0 C o n s o lid a te d T e le g ra p h
A E le c . Subw.- Co., N .Y . 8
GOO E x c e ls io r S te a m b o a t Co.
com .................................... 10
3 69 B a to p ila s M in. C o ..8 7 c . p. sh.
10 H e rrin g -H a ll-M . Co. p f . . 11
2 0 H e rrin g -H a ll-M . C o .p re f. 13*2
10 T ro w D ire c to ry P r i n t . &
B o o k b ’g Co., $ 1 0 0 e a c li. 42*2
5 F id e lity A C a s u a lty C o .. 35 0
B onds.
$ 1 ,0 0 0 C hic. M il. & S t. P . R R .
(W i s V a l. D i v .) 6 s ,1920. J A J .1 27
$ 3 ,0 0 0 C hic. M il. A S t. P. R R .
(D u b .D iv .) 1 s t 6 s ,19 2 0 . J A J . 1 2 8 ^
$ 1 ,0 0 0 D e t. & M a c k in a c R R .
4s, 19 9 5 . J & D .................... 55
$ 1 ,0 0 0 T a y lo r I r o n & S te e l
Co. 6s, 1899. J & D .............1 00
$ 7 ,0 0 0 W a te r W o rk s Co. of
S a n A n to n io , T e x a s , 6s,
1905. J u n o , ’95, c o u p s, on . 1
$ 1 0 ,0 0 0 R a n d o lp h W a te r Co.
o f M o b e r h 6s. 1 9 2 2 .......... 55
$ 1 8 ,0 0 0 C ity W a te r Co. of
A u s tin , T e x ., 2 n d s. A p r. ’91,
c o u p o n s o n ............................. 1
$ 1 0 ,0 0 0 F t. W a y n e G a s Co.
1 s t 6s, 1 9 2 5 . . ; , . .................. 90
Daubing and ffinauciat
Spencer Trask & Co.,
BANKERS
R.d.
100
104
105
270 275
103 1
105
45
50
Bonds, 5s. ...................... 79
82
S tan d ard p re f...................... 149 152
Common........................... 130 188
W estern G as.....................
83 . 85
Bonds, 5a.......................... 102 f
27 & 29 PINE STREET,
.
.
.
NEW TORE.
6 5 S ta le S tree t, A lb a n y ,
__________
INVESTMENT SECURITIES.
G e o r o b B a rclay M offat.
Moffat
A l e x a n d e r M. W h it e , J r
& W hite,
BANKERS,
No. I NASSAU STREET,
.
.
.
NEW TORE.
INVESTMENT SECURITIES,
THE CHU0-N1CLE.
D e c e m b e r 11, 1887,]
D ecem ber 10.
j a n k e r s 7 © a le tte .
Per
W hen
C ent. P a y a b le .
R a i l r o a d s (S te a m .)
B a lt. & A n n a p o lis S h o rt L i n e . . . .
C h ic a g o Sc N o rth W est c o m .........
14
“
*
*
p re f. (q a a r.)
D e n v e r < R io G ra n d e p r e f ............
k
E a s t M a h a n o y ...... ..............................
M in n e a p o lis A S t. L o u is 1 s t p ref.
“
*'
2 d p re f.
N e w Y o rk & H a rle m .....................
N o r th e r n C e n t r a l . . . . . . . . .............. .
N o r th e r n P a c ific p re f. ( q u a r ,) ...
O ld C o lo n y (q n a r .) .
............i
O re g o n R R - A N av . p re f. (q u a r.i
P h ila . W ilm in g to n & B a ltim o re
8 t . L o u is & S a n F r a n . 1 s t p r e f . ..
S tr e e t R a ilw a y * .
F a ir m o u n t P a r k T r a n s ., P h i l a . ..
U n ite d T r a c tio n & E le c . (P ro v i
d e n c e , R . I.).....................................
T ru ftt C o m p a n ie s .
M a n u fa c tu re r;-/, B 'k ly n , (q riar.),
*
*
*
*
( e x tr a ) .
H a u k f».
W a lla b o u t, B r o o k ly n ......................
M 1s e e I l a ««* o t*».
A m e ric a n S u g a r R e fin in g c o m ...
“
*
* p re f. ie e m i-a n n .)
M
"*
p re f. ( q u a r .) ......... ;
C o m m e rc ia l C ab le (q u a r.) — . . . .
*
*
“
( b o n u s '..........
D o m in io n C o al, L iru ., p r e f .............'
Q u in c y R R . F r i d g e ..........................I
g w if t Sc Co. ( q n a r . * .. .. ............... 1
W e isb a c h L ig h t ( q u a r . ) , . ........ .
W e s te rn G a s o f M ilw a u k e e ...........|
W e s te rn U n io n T e le g . (q n a r .) . . . . I
3
2 *2; J a n .
Jan.
i
2*9 D ec.
2 V J jin .
1^
4
Jan.
Jan.
4
Jan.
1
I3 i J a n ,
1
Jan.
4
Jan.
2
Jan,
B o o k s closed.
( D a y s in c lu s iv e .)
—
7 Dec, 1 2
1 5 J a n . 13
15 — —
15 J a n .
1
3 Dec. 1 6
15 ----15 Dec. 2 2
1 —
3 Dec. 1 6
3 ---- -2; D ec. 2 3
to
to
to
to
to
to
----------D e c. 29
J a n . 17
----- — ■
J a n . 16
Jan. 3
to J a n .
to
to J a n .
3
to
to J a n .
Dec.
1 No v . 19 to D ec.
3 Dec. 21 to J a n .
• Jan.
1 D ec. 2 5 to J a n .
o,
2% Jan.
3 Dec. 2 4 to J a n .
3 )
3 ‘e J a n .
1\ )
3 D ec. 10 to J a n .
1
•1
%
i'i
4
Jan.
$5
J an.
1*2 J a n .
20
•Dec.
Jan.
3
1*4 J a n .
1
1
1
3
23
20
15
D ec. 2 2
Deo. 18
D ec, 2 2
Deo. 1 8
——
Jan. 6
D ec. 21
3
ot
to J a n .
to J a n . 1
to J a n .
to J a n .
t o ------to ------to Ja n .
W A L L S T R E E T . F R I D A V . D E L . 1 0 , 1 S 9 7 - 3 1*. M .
D em and.
4 8 3 19,®4 8 4 4 8 6 ^ ® 4 87
4 82 ® 4 8 2 14
..............
4 8 1 i2 ® 4 81%
5 2 1 78S>5 2 1 3 lfc 5 2 0 @ 5 1 9 5 iS
3 9 1 5 165)40
4 0 1 @ 4 0 s 1«
e
945s @ 94U ie 1 95^4^>95%^
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying i-g discount, selling par; Charleston, buying par
‘
selling
premium; New Orleans, bank, par. commercial
§1 So discount; Chicago, 10c. per $1,000 premium; St. Louis
par@25c. premium.
United States Bonds.—Sales of Government bonds at the
Board include $27,000 4s, coup., 1925, at 128% to 129; $5,000
4s, reg., 1925 at 129; $42,500 4s, reg., 1907, at 112% to 112%,
and $20,000 5s, coup., at 114)4 to 115. The following are
clo:ing quotations:
8
Jan.
2
S ix ty d a y s .
P rim e b a n k e r s ’ s te r lin g b ills o n L o n d o n
P rim e c o m m e rc ia l......... .................................
D o c u m e n ta ry c o m m e rc ia l.............................
P a ris b a n k e r s ’ (f ra n c s )................ .................
A m s te rd a m (g u ild e rs) b a n k e r s ........... ........
F r a n k f o rt' o r B re m e n (re io h m a rk s) b ’k e rs
D I V I D E N D S .
N am e o f C om pany.
1103
In te r e s t D ec.
| P e rio d s.
4.
2 s ,.................re g . Q .- M ob.
4 s , 1907 ..............roR. Q ..- J a n .
4s, 1 9 0 7 ............co u p . Q . - J a u .
•Is, 1 9 2 5 ............r e g . !Q . - F e b .
4 s, 1 9 2 5 . .. *»„ .c o u p , jQ* - F e b .
5s, 1 9 0 1 ..............re g . Q .- F e b .
5s, 1 9 0 4 ............co u p .
Feb.
6a, c u r 'o y ,’9 8 - . . m r . J . & .J .
6 s ,c u r 'o y ,’9 9 . . . r e s . J , A .1,
4s, (C her.) 1 8 9 8 .re g . M arch.
4 s , (C her.) 1 8 9 9 .re g . M arch .
T ills Is th e p ric e b id a t th e
Dec.
6.
D ec.
7.
Dec.
8.
Dec.
9.
Dec.
10 .
' 99
* 99 - 99 * 99
' 99
99
1 1 2 H 112% * 112*6 ’ 112 % 112 % * 112 %
*114 *114 ‘ 111 ♦114
114 *114*4
•128% *128% •128% 129 ‘ 128% *129
*128% 128% 128% *128% 129
129
•114*4 *J 1 4 i j ‘ 114*4 ‘ 114*4 *114% 114*3
‘ 114% *11411 114% 114% 114*3 115
•102% *102% * 102 % 102 % * 102 % 102 %
*103*4 n o 3
*108 I*103*8*103
103
*103% *103*8 *103*s! 103 *103*6 103*8
*103% *103% *103 *81 103*8!*103*8 *103*8
m ornliiK b o a r d ; no stile w as m a d e .
United States Sab-Treasury —
The f blowing table shows
the daily receipts and payments at the Sub-Treasury :
B a la n c e s
D a le .
R e c e ip ts.
P a y m e n ts.
C o in .
I t-'om C ert’s j O u rren cy.
The Money Market and Financial Situation.—While the
$
8
conservative and pacific character of the President's Message
3 ,0 6 0 ,9 2 6
8 ,2 3 1 ,6 6 3
5 3 2 ,5 5 8 4 1 ,4 1 6 ,3 1 1
had been generally expected, its promulgation was followed D ec. 4 2 ,7 7 3 ,3 2 3 3 .0 7 5 .1 1 8 147
*
■ 6
147
5 5 6 ,2 3 3 4 1 .0 0 4 ,0 2 9
ti
rr
by broadening activity ami advancing security values in
2 ,7 3 9 .3 7 2
2 .9 9 6 .5 4 8 147 759,475
5 2 9 ,5 0 1 4 0 ,8 8 8 ,5 0 5
5 3 4 ,0 9 4 4 1 ,6 4 3 ,4 0 9
Wall Street. There is less apprehension in financial circles ,4 8 2 .9 6 5 ,8 0 5 2 ,1 9 2 ,9 2 0 147 772,864
“
9
3 .4 0 6 ,9 1 4
3 ,0 1 3 ,5 9 2
9 4 3 ,0 8 8 4 1 ,5 0 9 ,0 6 4
than existed a few weeks ago as to possible Congressional
1 ,0 8 1 ,8 1 2 4 1 ,8 9 5 ,9 1 4
action of a disturbing nature, and the readiness to invest idle “ 10 3 ,5 4 1 ,6 3 0 3 ,0 1 2 ,9 7 3 147
or available funds is increasing Sales of investment securi T o t a l.. 1 3 ,4 -7 ,0 7 0 1 7 .5 2 2 .8 4 4
ties at the Stock Exchange have been exceptionally large:
Coins.—Following are the current quotations in gold for
prominent bond houses report the largest business over the
counter they have experienced in recent years, and the latest coins:
S o v e re ig n s..
F in e S ilv e r b a r s . . — 58*a 9 — 59*a
..$ 1 84 ® $4 83
Government issues have made a new high record.
F iv e f r a n c s ............— 9 3
— 96
p eons
..
83 S
Speculation has been stimulated by an active wheat mar N aX o le le h iu..a.. ..s- 3 74 ■® 3 8 8
4 78
X
R
rk
4
M e x ic a n d o lla r s .. — 46% a> — 47*4
ket and a sharp advance in the price of that cereal. This is 2 5 P e s e ta * ............. 4 78 ■ 4 si P e r u v ia n s o ls ___— 42*4® — 44
a
doubtless largels due to manipulation, although the export S c a n . D o u b lo o n s. 15 45 8 4 5 63 E n g lis h s i l v e r .. . 4 8 2 ® 4 85
*
0 . 8 . t r a d e d o lla rs — 6 5 a •- 75
D ou
demand for our breadstuff* continues to be a feature of the M ax, gold b lo o n s . 15 45® * 4 1 3 6 5
Fine
bars... par
prem
situation, and is likely to remain so through the winter
State and Railroad Bonds.—Sales of State bonds at the
Not often in recent years has the foreign exchange market
continued for so long a time as now without change in gen Board inclade*101,000 Tennessee settlement 3s at 90*.£to91*.£,
eral conditions. Rites have declined somewhat this week, $2,30 1 do. (small bond* 1 at 90 and $39,000 Virginia fund, debt
4
however, which is natural in view of the large amount of 2-39 of 1991 at 08 >' to 08<£.
The market for railway bonds has shown increasing activ
bills offering and our steadily increasing credit balance
ity and strength. The volume of business at the Exchange
abroad.
The open market rates for call loans on the Stock Ex | has ranged from *3 ,6 30 ,0 0 0 to ,$4,822,500, and averaged
change during the week on stock and bond collaterals have $3,781,000 par value per day. Offerings of high-grade bonds
ranged from 1 *£ to 2 per cent. To-day's rates on call were are becoming more and more restricted, amounting during
1’4 to 2 per cent. Prime commercial paper is quoted at j the week to a small percentage of the whole. Mobile & Ohio
general 4a ar* conspicuous for an advance of about five points.
8 to 4 *d per cent.
The Bank of England weekly statement on Thursday Bonds of recently reorganized companies have been the favor
showed a decrease in bullion of £ 2 11,258 and the percentage ites, including Atchison, Northern Pacific, Oregon Short Line,
©f reserve to liabilities was50*02. against 4Sit5 last week: t he Erie, Reading and Southern Ry. issues, nearly all of which
discount rate remains unchanged at 3 per cent, The Bank have advanced from 1 to 21* points. The active list includes
of France shows an increase of 4,125,000 francs in gold and also Chesapeake & Ohio, Rock Island, Burlington & Quincy,
Chicago Terminal. Kansas City Pittsburg & Gulf, Louisville
a decrease of 250.000 francs in silver.
The New York City Clearing-House banks in their state & Nashville, Missouri Kansas & Texas, Missouri Pacific,
ment of Dec. 4 showed an increase in the reserve held of Oregon Improvement, Oregon Railway & Navigation, St.
$1,106,300 and a surplus over the required reserve of $2 2 ,- Llnis & Iron Mountain, Si. Louis & San Francisco, Texas &
Pacific, Union Pacific and Wabash bonds.
122,950. against $22,500,925 the previous week.
Railroad nnd Miscellaneous Stocks.—Thebuoyaney which
1897.
Dee. A.
C a p ita l--------------S o r p la * ...................
L oan* A d la c ’n t*
C irc u la tio n ..........
N e t d e p o s its ___
8p«< de.....................
L e g a l te n d e r * - ...
R e s e rv e h eld - .,.
L egal re s e rv e . . . .
fXfftrcn'sfr’m
Frey, irref:
1896.
Dec. 5
j
l«»5
Dec. 7
*
S
8
I
$
ftS.A 22.700
..................
6 0 ,7 7 2 ,7 0 0 0 1 .1 2 2 ,7 0 0
73 “ lo.OOO
..................
73.748,7<if) 7 2 .s8 9 .0 0 0
f07.744.U oO I n c . 3 ,4 7 6 ,5 0 0 4 7 2 .1 4 1 .8 0 0 4811,820,000
1 5 ,9 1 6 ,0 0 0 Dev.
9 3 ,1 0 0
1 9 .M 7 .7 M I 1 4 ,0 0 3,000
6 0 6 .2 7 8 .6 0 0 (uc 6 ,4 1 7 . 100 5 0 J,0 1 6 .0 0 0 5 2 1 .6 8 6 .5 0 0
1 0 4 .4 8 9 ,3 0 0 I n c . 3 3 9 , 30i> 75.676.9(H ) 0 7 ,3 7 1 .9 0 0
8 4 /2 0 2 .8 0 0 I DC . 827. 0 0 0 S 2 .2 9 9 .0 0 0 8 3 ,3 4 4 0 0 0
1 88,69 2 ,6 0 0 In c .1 .1 6 6 , 3 0 0 1 5 7 .9 7 5 .9 )0‘1 5 0 ,7 1 5 .9 0 0
166 ,5 6 9 ,6 5 0 I n c ,1 .6 0 1 ,,275 i 2 5 ,5 1L.5 0 0 1 3 0 .4 2 1 .6 2 5
S a rp b ia r e s e r v e i 2 2 ,1 2 2 .9 5 0 Dec , 4 3 7 J)75 i 3 2 .4 6 1 ,4 0 0
2 0 ,2 9 4 ,2 7 5
The Clearing-House has also begun to issue weekly returns
showing the condition of the non-member banks which
clear through the Clearing-House institutions. The state
ment in full will be found on the second page following.
Foreign Exchange.—Tin foreign exchance market has
been inclined to w-ak ess on aojouat of the liberal supply of
bills and modern*® denand, R ites are fraet-i ma’ly lower.
To-day’s actual rates of exchange were as follow,: Bank
ers' sixty day-' sterling. 1 *2' *1 >3;% : demand. 4 85'%®
485*j; cables. 4 8.V, **4 86 : prime commercial, sixty days,
4 83*34 83'4': documentary commercial, sixty days, 4 31*^@
4 81V. Ported rates of leading bankers folio :
was a cousin ;nous texture of the stock market lad; week has
ontimied, and with a few exceptions prices steadily advanced
to a higher level until to-day, when the market was some
what irregular with a tendency to weakness, and closing
prices generally below the best. Tne daily average trans
actions have also increased to 878,000 shares, against 344 500 last
week and 17 hO 0 stun - the previous week. Missouri Pacific
earnings are ex eeptionallyfavor vble,and on reports of these the
stock advanced over 1 points. Northern Pacific preferred ad
vanced 2 points on dividend prospects' and all the granger
shares li ve been strong and active Manhattan Elevated
was bid np nearly 4 points on expectations that, the Rapid
Transit scheme will not succeed. The coal stocks and Union
Pacific were the weak features of the market.
America * Sugar has been by far the most active stock on
file li<t. the tra n w 'io n s in it on Wednesday aggregating over
120 000 shares. 1* advanced nearly &}£ points early in the
week 0 0 rurnor* that there would be ah extra dividend declan- I. nearly ali of which was lost after the regular dividend
was announced: but it d o s t s with a net gain of over 2 points.
Hawaiian Sugar was traded in for the first time on Thurs
day »nd fi actuated between 29 and 25. The miscellaneous
list has generally been strong. American Tobacco advanced
over j points. Illinois Steel 4points, People’s Gas and Western
Union 3 points each.
THE CHRONICLE.
1104
[VOL. L X V
NE>Y YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending DEJ. 10, and since JA Y . I , 1807.
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 ,
Deo. 4.
M o n d ay ,
D eo. 6.
T uesday,
D eo. 7.
W ednesday,
D ec. 8.
T h u rs d a y ,
D ec. 9.
F r id a y ,
D ee. 10.
STO CK S.
A c t i v e l i l t . S t o c k h.
13% 13% A tc h is o n T o p e k a & S a n ta Fe.
13% 13%
13%
29% 30%
Do
p ro f .
30% 30%
30%
12% 13% B a ltim o re & O h io ........ ............
12% §12% 12%
33% 35 B ro o k ly n R a p id T r a n s i t ..........
32% 34%
32%
*80% 81 C a n a d ia n P a c ific .........................
*80% 81
81
56% 56% C a n a d a S o u t h e r n .......................
56%
54%
55
83% 84% C e n tra l of N ew J e r s e y ..............
84% 85%
85%
12
C e n tr a l P a c if ic .............................
•11% 12% *11
a2%
* 11%
2 2 % 2 3 C h e s a p e a k e < O h io ..................
fe
22% 23
2 2 % 22%
161 .......... C h ic ag o & A lto n
.................
161
§161 161
97% 98% C h ic ag o B u rlin g to n < Q u iu c y
fe
9 8% 98%
9 7 % 98%
*52% 55 C h ic ag o & E a s t e r n I ll i n o i s . ..
*52% 55
52% 55
*96 1 04
*95 1 0 4
Do
p re f.
96 104
15% 16% C h ic a g o G r e a t W e s t e r n ..........
16
16%
16
16%
*9
10 C hic. I n d ia n a p o lis & L o u isv .
9% 10%
10
10 %
‘32
33
Do
p re f.
32
32
30
31
94% 95% C k ic ag o M ilw a u k e e & S t. P a u l
9 5% 95%
95%
Do
p re f.
1 42% 142% 142% 142% §142 142%
1 2 3 123% 1 22% 123% * 1 2 0 121 C h ic ag o & N o r th w e s t e r n ........
Do
p re f.
165 1 6 5 §165% 1 6 d %:§164 1 64
91% 9 1%
90% 91% C h ic ag o R o c k I s la n d & P a c ific
90% 91%
77% 79% C h ic ag o S t. P a u l M in n . & O m .
78% 79%
7 8% 79
151 155
. Do
p re f.
151 1 5 5
*151 160
36% 36% C lev. C iu c in . C hic. & S t. L o u is
36
37
3 5% 36%
§80
82
Do
p re f.
80
82
80
80
D e la w a re & H u d s o n ..................
109 109% 108% 109
109% 110
109% 109% 109 109*4 108 1 1 0
151% 152 D e la w a re L a c k a w a n n a & W e s t
152 153
*150 156 ' 150 155 §154 155*9 153 153
*1L% 12 D e n v e r & R io G ra n d e ..............
* 11 %
12
* 11 %
12
*10% 12
*11
12
45
46%
Do
p re f.
46 % 46%
45
46%
45
45%
4 5 70 4 6
46
*45
14% 14% E r ie ....................................................
14% 14%
14% 14% § 1 4 7a 1 4 7a 14% 14%
*14% 14%
37% 37% §36% 36%
Do
1 st p re f
3634 36%
37
37%
37% 38%
*36
36%
19% 19%
Do
2d p re f
19% 19% *18% 19% §19% 19% *19% 20
20
*19
130 136 G r e a t N o rth e rn , p r e f ................
*130 136 *130 136 *130 136 * i3 0 1 3 6 §133 133
103% 103% Illin o is C e n t r a l...........................
103 103% 103 103% 1 03% 104
§101% 101% 102% 103
*9%
9% I o w a C e n t r a l.................................
9%
9%
9%
9%
9%
9%
*9%
9%
9%
*9*4
34
Do
p re f.
33% 33% *33
33
33
*32
-3 3
34
*32
33
33
17% 17% L a k e E r ie & W e s te r n ................
18
*15% 16%
17
17% 17% §18
*15% 16%
17*9
7L
71
69%
Do
p re f.
72% 72%
71
72
69
73
73
73
*68
173% 1 75 L a k e S h o re & M ich. S o u th e rn
1 7 4 1 7 4 §172% 172% 175 175
‘ 173 176 5173 173
§34% 34% L o n g I s l a n d .....................
*35
41
*35
40
*35
40
*35
40
*35
40
57% 58% L o u is v ille & N a s h v ille .
56% 57%
55% 56%
54% 55%
54% 56%
5 6% 57%
103% 104% 104% 106% 105% 106% 10534 106% 106 1 08% 106% 108% M a n h a tta n E le v a te d , c o n so l.
118% 120 M e tr o p o lita n S tr e e t.
119 1 2 0
1 1 9 119% 119% 120%
118% 119% 118% 119%
103% 103% M ic h ig a n n e u tr a l. ..
103% 103% 103% 103% 103% 104
103 1 0 5
*103 105
27% M in n e a p o lis < S t. L o u i s .
fc
27
27
27
27% "27
27
27%
26% 27%
*26
27
89
88% 88% *88
*87
89
§88% 88% *88
*87
Do
1 s t p re f.,
90
89
59
*58
58
59
58
58%
58
Do
2d p re f
57% 59
57% 58
58%
13% 13% *13% 13% *13% 13% *13% 13% M iss o u ri K a n s a s & T e x a s _
*12% 13%
_
13% 13%
36
34% 36%
36%
Do
p re f
34
34%
35% 36%
34% 34%
3 6% 36%
32% 34
34% 3 i% M iss o u ri P a c i f i c . .........................
34% 35%
31% 32%
34
31% 31%
34%
26%
29
30% M obile & O h i o ...........................
*25
*25
25
27
*25
27
26
27
29%
1 0 7 107
107% 107% 107% 107% 107% 107% 107% 108% 1 07% 108% N ew Y o rk C e n tra l & H u d so n .
*13% 14
13% 14 N e w Y o rk C h ic ag o & S t. L o u is
*13% 14
*13% 14
*13% 14
14
14
74
§74
*73
80
*73
89
*73
80
*73
*74
80
Do
1 s t p re f.
80
36%
*31
35
*34
36%
'3 2
35
36
*35
36% *35
Do
2d p re f.
36
181 1 84 N e w Y o rk N ew H a v e n & H a r t.
*180 182
*180 181% 181% 181% 181%
181 183
153s 15% N ew Y o rk O n ta rio & W este rn .
§15% 15%
15% 16
15% 15%
15% 15%
15% 15%
20
*19
*19
19%
19
19
*19
19% §18% 18% §18% 18% N e w Y o rk S u stp & W e st., n e w
34% 35
34% 34%
34% *34
34
Do
p re f.
35
35% 35%
35
35%
14% ■T3
*13
14% *13
14% *13% 14% *13
14% §13*4 13% N o rfo lk & W e s te rn
42% 42%
42% 42%
44% 4 4 ^
43%
43
43% 44
44% 44%
Do
p re f.
20
20
20% 2 L N o r. P a c ific R y .,v o tin g tr.c tf s .
20
20%
20% 20%
20% 21
20% 21
56% 56%
56% 56%
56% 57%
57% 58%
5 6 7e 58%
Do
p re f.
57% 58%
37
39
*35
*37
37
37% §38% 38% *37
37
39 O r. R R .& N a v . Co. v o t. t r . c tfs.
39
69
69
70
69
70
§69% 69%
70
70
70% 70% §69
D o p r e f ., v o t. t r u s t c tfs.
18
§18
18% 18% *18
20
19% 19% *18
19% 19 4 O re g o n S h o r t L in e
20
34% 35%
35
3 5% 35%
34% 35% P it ts b u r g C in n . C hic. & St. L .
35
35%
35% 35%
35%
67% 68
67% 68
68
66% 67
Do
p re f.
68% *67
67% 67%
68%
2 1 % 22
21% 21%
20% 2 1 78 R e a d in g , v o tin g t r u s t c e r t if s .
21 % 2 1 %
21 % 22
21% 2 2
47% 4ft
47% 48%
47% 48
47
47% 48%
47%
47% 47%
1 s t p re f., v o tin g t r u s t c e r ts .
27% 27%
27% 27%
27% 27%
26
26% 27
27% 27%
26*9 2 d p re f., v o tin g t r u s t c e r ts .
*22
*22
25
25
*22
25
*22
25
*22
*22
R io G ra n d e W e s te r n .................
25
25
57
*55
57
55
§55
57
57
57
57
*56
57
Do
p re f
57
8
8
8
8
8
8%
*7%
*7%
8
7%
8
8*4 8 t. J o s . & G d. Is l., v o t. t r . c tfs
49% 49%
48% 48% §17% 48
48% 50%
50% 50%
49% 49%
Do
1st p re f.
16% 16% §16% 16%
17
17% 17%
17%
18
17% 17%
Do
2d p re f.
*60
*60
*60
*60
*60
*60
S t. L o u is A lt. & T .H ., t r . r e c ts .
*7
7%
7%
7%
7% " 7 %
*7%
7%
7%
7%
7*9
7 V S t. L. & S a n F r ., v o t. tr . c tfs
57% 57% 56% 57%
57%
57
58
58%
58
58% 58%
Do
1 st p re f.
58*4
*23
24% 24%
23%; 23
23% 24%
23%
24% 24%
24% 24%
Do
2 d p re f.
4%
4%
*4%
'4 %
434 S t. L o u is S o u th w e s te r n ............
5
5
4%
4%
4%
4%
4%
*10
10%i 10% 10%
1034 10% 10%
10
10% 10%
11
Do
p re f.
11
*19
23
*19
22
22
*19
*19
*19
22
*19
22 S t. P a u l & D u lu th .......................
22
§82
82
*80
82% *80
83
*80
83
*80
‘ 80
83
83
Do
p re f.
*122
124
124 1 2 4 1123 125 §125% 125% 123 125
*123 125 St. P a u l M iun. & M a n it o b a ...
2 0 % 21
20% 20%
21
21%
2 0 % 21 %
20% 21 % 21% 213a S o u th e rn P a c ific C o ...................
'8 %
9
9%
9%
9%
9%
938
9%
"
9%
9%
9% S o u th e rn , v o tiu g t r u s t , c e r tif.
9%
30
30%: 30
30%
30% 31%
32%
32
31% 82%
32*9 33% D o p re f., v o tin g t r u s t c e rt.
11 % 11 % 11% 11%
12
12
12
12
11% 12%
11=8 1 1 78 T e x a s & P a c ific ...........................
25% 26 | 25% 26%
4 23% 25%
25%
25
25% 25 3
24% 24% U u. P a e ., tr . re c ., a ll In s t. p d .
8%
8%
8
8%
8%
8%
8%
8
8%
8
S U n io n P a c ific D e n v e r & G u lf.
8%
8
8
7 78 . 7%
8
§7%
7%
7%
8 W a b a s h ............................................
*77a
7%
7%
18
18 | 17% 18%
18% 18%
18% 18%
18% 19%
Do
p re f.
18% 18%
2%
§2
2%
2
§2%
2%
2% '
-2%
2%
2%
2%
2*4 W heel & L. E rie , $ 1 a s s ’t p d .
*10
12 I ‘ 10
12
*10
12
10
12
*10
*10
12
12
Do
p r e f . doJ
M is c e lla n e o u s S to c k s .
22% 22%
22 % 22 %
22
22%
23
23% §23% 23% 522
22 A m e ric a n C o tto n O il C o ..........
§75% 75%
75
75
*74% 7 6 | §75% 75% §75% 76
*74% 7 6
Do
p re f.
*7%
8
§7%
7%
7%
8%
8%
8%
8 % 8%
*8*4
8=8 A m e ric a n S p ir its M fg. C o ___
19
19
?17
20
19
19 | 19% 21%
20% 20% *20
21%
Do
p re f.
138% l 39% 139% 142% 142% 14 5 % ' 140 144% 139% 141% 140 141% A m e ric a n S u g a r R e fin in g C o .
*114 115
114% 114% §115 115
115 1 1 5 I 114% 114% §114% 115
Do
p re f.
83% 83%
84
►6%i
85% 88%
86
87%
87% 88%
87
88% A m e ric a n T o b a c c o C o ..............
*110 113
113 113 *112 115
113 113 ,*112 115 *110% 114
Do
p re f.
5%
5%
5%
5%
5% 6%
5%
6%
5%
6%
5%
6% B ay S ta te G a s ...............................
185% 185% 187 187% 185% 186 ^ 181 184% 181 184% 181
183% C o n s o lid a te d G as C o m p a n y ..
33% 35
34
35%
33% 35%
34% 34%
33
34% $3313 33 > C o n so lid a te d I c e Co
3
*85
89%
89% 9 0
8 8 % 90
.......... 9 0 r ___
9 0 I §89*9 8 9 9 >
■ ,1
Do
p re f.
*33
33%
33% 33%
33% 33%
3 3% 34%
34
3 4 V 331
33*3 33*s G e n e r a l E le c tric Co.
§31% 34% 34% 34%
.
34% 35
35% 35%
35
3533 3434 35*4 N a tio n a l L e a d C o ...
§ i0 4 % 104% 104% 104%
105 1 0 5 §105 105*8 5101% 104%
Do
p re f.
30
31
30% 30%
31% 31 %
31
3 0% 32
31*3 3 1
31*4 P a c ific M a il...............
93% 94%
94% 95%
94% 96
95*0 96*3 9 5 M96 P e o p le ’s G a s L. & C. of C h ic .
'
95 °8 96=8
T
*59% 6 0 % *59% 60% *60
60% * 5 9 '3 6 0 *9 59% 59*3 58*3 59% S ilv e r B u llio n C e r tif ic a te s ___
*4
4%' *4
ft I -4%
4%
‘4 *2 5*4
4% S ta n d a rd R o p e & T w i n e ........
4*3!
H *4
4*3
24% 25%
25% 25%
25% 26
25*9 26^1 26
26*4 25*3 26% T e n n e s s e e C oal I r o n & R R ...
7%
7%
•7
7%
7%
7%
7*8
7 %; ‘ 7*8
7% U n ite d S ta te s L e a th e r Co —
7*9
63% 63%
63
6 3% 63%
64
63 > 63 V
3
65% | 64
65
Do
p re f.
•16
17
16
16% *15% 17
*1513 1 6 V
15*3 16%
15% 16 U n ite d S ta te s R u b b e r C o -----§65% 65%
65% 65% ' 65% 65% * 5 1 66 | 66
6 3
66%
67'
«7
Do
p re f.
88 % 89
90%
»9
«9*» 0 0 % 89% n o v 89 7a 90%
90
90% W e s te rn U n io n T e le g ra p h
12% 13
13
28*3 28% ' 28%
12% 12%
13
3 1 78 31% 32%
•80% 81%
81
543 b §54
54
85%
8 6 % 83
12
*11
11
22 %
22
22
§160 160
9658 96% 97%
*52% 56
55
*95 100
100
15% 16%
15%
9%
9%
9%
29
29
30
9 3% 94%
93%
142% 1 4 1 % 1 4 2
122% 122% 122% 123%
165% 165%
89% 91
89% 89%
78% 78%
78
78%
150% 1 6 0
*149 155
34% 34%
*34
34%
*128s
28*4
*12
318 b
*80
*5433
85
11
*21*
*161
96%
*52%
*95%
15%
*8%
*28
93%
'1413*
S*
12 % 13%
28% 30
12 % 12 %
31% 32
81
*80
55
55
82% 84%
§ 1 0 % 10 %
22%
22
*161
9o% 98
52% 55
*95% 104
15% 16%
*8%
9%
29
30
93% 95
1 4 2 142%
123 123%
165% 165%
90% 91
78% 78%
150 155
34% 35%
13
29%
12%
32
81
§54%
84%
S a le s o f
R a n fje fo r y e a r 1897.
th e
[O n b a s ts o f 10 0 -sh a re lots.]
W eek.
S h a re s .
L o w e s t.
H ig h e s t.
3,8 4 6
5 3 ,037
6,365
2 8 ,6 6 3
700
6 ,3 1 4
4 1 ,0 2 2
1*5
1 7 ,6 9 3
1 1 1 ,5 8 6
8 9 ,4 5 2
500
734
1 38,558
1,018
1 4 ,2 0 6
465
8 0 ,6 ll
1 0 ,930
6 ,9 2 7
57 5
2 ,6 3 0
835
4 ,1 9 0
1 ,3 1 0
3,34T
31 5
20
5 ,9 1 9
325
200
970
1 ,8 0 5
4 85
20
8 6 ,4 1 2
9 7 ,4 9 5
11,421
2,1 6 5
2,0 2 5
246
2,000
2 ,0 4 8
1 4 ,882
8 8 ,4 4 7
1,870
1 6 ,2 8 5
101
50
200
100
5 ,3 3 0
679
1 ,4 8 0
12
3 ,3 9 7
2 8 ,4 2 0
.08,7 8 1
400
8 87
4 60
6 ,1 5 0
1,725
1 4 ,2 7 5
1 0 ,1 5 0
2 ,9 7 0
330
2,2 8 5
3,7 6 8
1,524
551
4 ,9 9 5
1 1 ,359
4 15
1,4 7 0
12
1 60
1 ,6 4 4
7 ,2 8 0
3 6 ,4 4 8
6 ,5 9 5
4 2 ,7 1 9
2 ,8 4 5
1,1 4 4
1 2 ,530
9 10
9% A p r. 19 17 S e p t. 18
17 A p r. 19 35*9 S e p t. 8
9 J u l y 10 21*8 S e p t. 20
18% J a n . 7 3 7 S e p t. 13
46% M ar. 29 81% O ct. 14
44% J a n . 13 62*« S e p t. 16
68% M ay 24 103*4 J a n . 19
7% A pr. 20 18 S e p t. 28
15% M ar. 29 27*e A u g . 30
§147 J u l y 22 1170 M ar. 1
69% J a n . 5 102*4 S e p t. 20
37% J u n e 7 6 1 S e p t. 8
95 N ov. 8 103 S e p t. 14
3% J u n e 23 20% A u g . 12
8 O ct. 29 13 A u g . 31
26 N o v . 8 38*4 S e p t. 1
69% A p r. 19 102 S e p t. 15
130% M ay 6 146 S e p t. 4
101% A p r. 19 132*9 S e p t. 15
1 53 J a n . 12 165*9 S e p t, 22
60% A p r. 19 97*4 S e p t. 20
4 7 J a n . 2 89*9 S e p t. 16
133% J a n . 18 15 0 D ee. 3
21% J u n e 1 41*9 S e p t. 15
6 3 J u n e 16 86*5 S e p t. 8
99% A pr. 1 1 2 3 S e p t. 18
146% M ay 20 1 64 A u g . 12
9% A p r. 20 14% A u g . 14
3 6 A p r. 20 50*9 A u g . 16
11% A p r. 19 19 S e p t. 16
r
2 7 A p r. 19 4 6 O S e p t. 16
15% M ay 24 25=8 A u g . 12
1 20 J a n . 16 1 4 1 S e p t. 4
91% A p r. 19 110% A u g . 7
6 A p r. 15 13*9 S e p t. 4
2 3 J u n e 8 41% S e p t. 4
13 M ay 11 22*9 S e p t. IS
58% A p r. 1 7 9 7g S e p t. 2 0
152 J a n . 2 1 8 1 S e p t. 1 6
39% N ov. 5 5 5 J a n . 8
40% A p r. 19 6 3 78 S e p t. 3
81% M ay 6 1 *3 S e p t. 1 0
99% O c t. 15 120*e D e c. 9
9 0 J a n . 28 1 1 1 78 S e p t. 1 6
1 6 M a y 14 31*9 S e p t. 1 6
77% M ar. 18 9 0 S e p t. 1 6
4 6 F eb. 26 62% S e p t. 16
10 A p r. 19 16 7s S e p t. 1 6
24% A p r. 19 4 2 S e p t. 1 5
1 0 M a y 6 40*4 S e p t. 7
18 J u n e 3 3 2 A u g . 19
92% F e b . 18 115*2 S e p t. 16
11 F e b . 11 1 7 = 8 S ep t. 3
67% A p r. 15 81*9 S e p t. 4
2 4 F e b . 10 43*s S e p t. 20
1 60 F e b . 2 5186 S e p t.2 0
12% A p r. 19 20*9 S e p t. 16
6% M ay 28 2 0 S e p t. 1 6
18% M a y 20 4 5 S e p t. 1 7
9 * A p r. 19 17*4 S e p t. 1 0
22% M ay 5 45% S e p t. 4
11 A p r. 19 2 1 78 SeDt. 1 6
32% J a n . 5 58% D ec. 10
1 6 J u n e 8 4 1 S e p t. 1 0
37% J a n . 8 73 V S e p t. 11
17% J u l y 9 23% A u g . 1 6
11% M ar. 29 3 5 78 i ec. 8
44% J u n e 25 70*9 O e t. 2 0
116% A p r. 19 29*4 S e p t. 18
138% A p r. 19 57% S e p t.2 0
i 22% A p r. 19 3 5 78 S e p t. 2 0
14% J u n e 26 25*9 S e p t. 10
§ 2 5 M ay 26 59% S e p t. 1 0
3% J u n e 14
9=8 S e p t. 2
37% J u n e 10 5 2 S e p t. 1
10% J u l y 28 20*4 S e p t. 2
59 A u g . 16 6 2 M ay 20
9 A u g . 12
4 A p r. 19
37 J a n . 29 5 8 7e D ec. 9
12 A p r. 15 2 4 7e D ec. 9
7 A ug. 6
1 A pr. 1
3% A p r. 1 14% S e p t. 3
2 0 J a n . 4 3 0 S e p t. 1 0
§72% J u l y 16 87*9 O et. 4
1 1 4 J a n . 28 125 A ug. 6
13% J a n . 13 23*8 S e p t. 8
7 A p r. 19 12% S e p t. 10
22% A p r. 19 38 % S e p t. 10
8 A p r. 1 15 A u g . 30
i4 % A p r. 19 27% O ct. 2 0
1 A p r. 24 11% S e p t. 2 3
4% M ar. 29
9% S e p t. 7
11% A p r. 19 24 % S e p t. 2 0
; % J u n e 1 16*9 J a n . 2
2% A p r. 15 2 9 J a n . 5
1,8751 9% M ay 28
4 2 2 | 52% F eb. 16
3 ,2 7 6
6 % N ov. 23
9301 16% N o v . 23
3 6 3 .i 7 7 109% M a r. 29
6 3 9 1 00% J a n . 7
7 3 ,9 0 3 67% F e b . 15
5 0 0 1 0 0 F e b . 11
5 2 ,4 2 8
3% O ct. 2a
6 ,7 8 5 1 36% J a n . 2
9,8C 5 28 N o v . 8
8 36 8 0 J u n e 16
2 ,1 9 5 28% M ay 17
7 ,3 6 9 21% F e b . 16
5 7 8 8 8 % F e b . 13
7 ,0 9 5 24 J a n . 9
6 3 ,1 6 0 1173% J a u .
..........! 51% A ug. 2 7
2 1 3 j 3% J u n e 29
9 ,3 4 0 1 7 M ay 20
2 .0 2 5
6*4 M ay 22
6,322! 5 0 A p r. 22
700 10 J u n e 3
645, 5 0 J u l y 20
2 3 ,4 '* 1 75% M ay 7
1
26% S e p t.
80*s S e p t.
15 7e A ug.
36 A ug.
1 59 *2 S e p t.
121*9 S e p t.
96% A ug.
115 A ug.
16*9 A ug.
241*2 S e p t. 16
41% J u l y 19
90*9 J u l y 29
41% S e p t. 15
4 4 S e p t. 1 0
1 0 9 % S e p t. 1 0
39 *4 S e p t. 2
108% S e p t. 1 8
65*4 J a n . 27
11 % J a n . 19
35*8 S e p t. 9
10% A u g . 2 3
7 2 S e p t. 1
25% J a n . 19
76% J a n . 5
96% S e p t. 11
a
’ u<? i?a l° “J1
*'*?!. S L esa tlla n 1 0 0 st*ares. t R a n g e date-* fro m A p ril 8. 1 B e fo re p a y m e n t o f a n y In s ta L 1i A ll In s t. p d .
>
U r r lc e o fro m J a u . 1 to N ov. 10 a r e fo r U liloago H a s Co. o tfs . o f d ep .
S * - F o r lu a c tly e m ocud,
lo llo w K ig p a g e .
THR CHRONICLE,
D ecember 11, 1897.]
1105
NEW YORK STOCK EXCHANGE PRICES (Continued )—IN ACTIVE STOCKS.
t
D ec. 10.
I s a c t iv s g r o o : n
n d io a te e u n lla ta d .
B id .
R a n g e (ta le s ; i n 1897.
A sk .
L o w e st.
R a i l r o a d S to c k s *
A lb a n y * S u s q u e h a n n a -----— -1 0 0
—JSS
• N o p ric e F r id a y
Dec. 10.
DfACTrv® S t o c k s .
ff I n d ic a te s u n lis te d .
H ig h e st.
170 Feb.
182
14
9 Jan.
12
2 2 4 Apr.
133
20*9 21
1 6 4 M ay
B uffalo R o c k e t e r A P it t s b u r g 1 0 0
55
F ib .
58
59
P r e f e r r e d ....... ........................
*100
68 A p r.
B u rl C e d a r R a p id s & H ot. . . .1 0 0
68
38
3 1 4 A u*.
35
C h icag o G re a t W est. p re f. A .. . 100
!2G3s 2714 19 A u<.
P re fe rre d B ..
100
161 A p r.
O ieve ••
a P itts b u rg —
Gg
4%
l * t A pr.
C oi. H o c k V a lle y A T o l — . . . . , 1 0 0
17H 20
14 A uk.
P r e f e r r e d .............. ...............
7 A pr.
D **
St F t . D o d g e -----. .. 1 0 0
9 * 10*8
6 0 J u iy
70
P r e f e r r e d ............................
..1 0 a
3 A p r.
2*
4
D u lu th *o. S h o re A A t l a n t i c V.10C
6** M ay
5*t
P r e f -rre d v ........................ . . . . 1 0 0
2-s
20 Ju u c
23
E v a n s v ille St T e rr e H a u t e . . . . . . 5o
30 Ju n e
43
48
P referre d
...............
So
:i3 > , 14
7 J aoe
F lin t St P e re M a r q u e tt e ... ....IO C
3 0 M ar.
P r e f e r re d . . — . .. .. .. .. . 100
12 N ov.
15
17
F o r t W o r'b Sc R io G r a n d e .. . ... 1 0 0
2 7 4 A p r.
G re e n B a y St v e x t e r n . , . . . . . . . 1 0 0 ISO
•1 A pr.
D eb. c* r t f * 8 ------------ , . . . . , 1 0 0 0
K a n s a s C ity P itt* . A G u lf .— ..1 0 0 :2 2 7« 2 3 4 2 2% Deo.
2 F eb.
4
2S
K e o k u k & D ee Moin«*s,— . . . . . 100
12 M a r .
14
10
P r e f e r r e d . . . ........ .— . . . . . . . 1 0 0
7
6
a A ug.
M e x ic a n C e n t r a l . . . . . . . . . . . . . . . . 1 0 0
1 Nov
M e x ic a n N a tio n a l t r . o t f a ........ .1 0 0 ;
1*0
14
182*5 J u n e
M o rris
E s s e x ---------- . . . . . . . . . 5 0 171*3
7o Ja n .
H a sh . C h b tt. A S t, L o u is ........ ..1 0 0
..
2f»5 F e b .
N .Y . A H. r l e m . . . ---------------- * 5 o |
I 2 t '7 i -22 119 J a n .
e
N .Y . L» . a W e s t e r n . . . . ........ 1 0
..... U 3 S J«n,
P e m rs i Iv a u la . . .
5 ’- .113
*4 J u n e
P e j r i » D e c a tu r A E v a n s v llle ..l0 0 i
1
1*8
4
3** F e b .
7
P e o ria A F a s te n s . . . . . . . . .
1 5 0 M ay
P u w . PC W, ,k C h ic . g u a r . . . . . 100 169%
175 O c t
Ren*i«©l.a«r * S a r a t o g a . . . . . . . . . 1 0 0 182 180
110 >1 nr.
Bora** W» le rto w n A O g d e n s.
100 122 123
W e s t C h ic ag o S t r e e t . .............
l o u 1102*6 IU 2 4 100% N ov.
1 June
Wiae o o aln i H i i . i f t . n . c t f i i . 1 0 '
A n n A r b o r . . . . . . . ..................... . . . . . 1 0 0
P r e f e r r e d . . --------- — - ----------- . . 1 0 0
(% Indicates actual sales.J
B id.
m is c e lla n e o u s S to c k s .
177*4 A pr.
15% A ug,
40 A ug.
25 >s BeVt.
664 Sept
7 0 A ug.
4 3 s e p t.
33*s S e p t.
1 6 8 4 S e p t.
18 J a n .
46 Ja n .
14 4 J u ly
65 J u n e
A ug.
10% A ug.
3 1 8 - p t.
4* S e p t.
1 1 4 All*.
49
O ut.
20*4 S e p t.
4 0 A ug.
9 A ng.
29"% S e p t.
4 4 A uu.
284 Jm .
9 % J u ly
2% A ug.
1 7 1 ^ D ec.
05 S e p t.
32-t M » y
122 M ar.
119 S e p t,
8-# A uk
84( A uk .
172% A ug.
185 J a n .
121 % Sept.
112 A uk .
4% Aug.
A d a m s E x p r e s s .......................
A m e ric a n B a n k N o te Co H .
A m e ric a n C o a l.......................
A m e ric a n E x p r e s s . . . . . . . . .
B a n g e ( sa les j i n 18 9 7 .
A sk .
L o w e st.
H ig h e st.
100 U 5 6 4
_____
110
lo o m e
100 191
100 1116
.100 ........
100 123
100
100 ” 1 5 4
100 176
100
38
50 ____
100 123*2
100
1 00 . . . . .
128
100 14K 4
;45
m
45
.100 ____
.....
.1 0 0
53
.1 0 0 117
, IH a w a iia n Com . A S u g a r..
Illin o is S t e e l . . . ............ .
1 4 7 4 F eb.
....
4 2 4 J u ly
no
113 A pr.
1 1 6 4 109% J a m
8 5 *s J a n .
118 1 8 5 J a n .
,
. . . . . . 102*2 M ay
2 3 4 15% J u n e
80
70 N ov.
3*4 J u n e
1 6 2 4 M ay
35 F e b .
_
_
20 J a u .
1 25 101% J a n .
97 F eb.
63*3 A pr,
25 D ee
30
29*9 A p r.
45*2 2 2 M ay
7 0 4 M ar.
52
4 0 J u ly
____ 1 0 J u ly
4 2 S la y
5 9 4 38 A pr.
1 0 M »y
6
3 M ay
4% M ay
7
8
6 % J ’ ne
___
98 M ay
3% A p r.
14%
44
14
3 4 A ug.
340 375 3 4 0 M ar.
172 174 1 6 2 J a n .
l*s J u n e
U4
8 A pr.
10
65 A p r.
6 A p r.
37 F e b .
•10
43
112 120
97 J a n
,1 0 0
100
PuU tn *n P a a o e C a r C o .
.100
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50
.ICO
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.1 0 0
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U . 8. E x p r e s s . . . . . . . . . . . .
W e lls. F a r c n ExoTftfls . .
.100
1 65 O ot.
4 3 4 J u ly
12 5 J a n .
119*1) N ov.
94 J u n e
1 3 7 S e p t.
105®8 A p r.
27 7s S e p t.
S5 M ay
7 4 A ug.
1 6 2 4 M ay
3 7 4 Jan.
6 0 N ov.
132*3 S e p t.
1)5*4 A u g .
7 6 S e p t,
3 0 D ec.
5 0 A ug.
49 $1 A ug
96 A ug
50 M ay
1 4 S e p t.
61 S e p t.
6 0 A ug.
2 3 4 A ug.
13 A ug.
8 4 A ug.
97 4 S e p t.
1 2 0 4 S e p t.
6*8 A ug.
1 0 a» J a n .
3 4 0 M ar.
1 85 S e p t.
4 4 A ug,
13 A u g .
80 J u ly
9 A ug.
4 8 J u ly
11 4 N ov.
; A c tu a l s a ie e .
L a te st p ric e th i s w eek .
NEW YORK STOCK EXCHANGE PRICES,—ST4Tf: BONDS DECEMBER 10.
S E C U R IT IE S ,
B id .
A la b a m a —C la as A , 4 to 5 . .. . 1 9 0 6
d a * # B , ?>*..................................1906
108
108
lo o
100
A*k
j B id .
S E C U R IT IE S .
S E C U R IT IE S .
A ak.
B id.
.........
.......... ......... !T e n n e s s e e —6 s . o ld ....-.1 8 9 2 -1 8 & o
i 0s,
w b o n d s ......... . 1892-8-1900
Do
N ew s e r ie s — 1914
I C o m p ro m is e , 3 -4 - 5 -6 8 .......1 9 1 2
N ew bon d * . JScJ ......1 8 9 2 - 1 8 9 8
........ 'j
N ew s e tt le m e n t 3 s ...........* ..1 9 1 3
C h a th a m H K ........................... ............
......
| R e d e m p tio n 4 s . . . . . .......... .. .1 9 0 7
C o n so lid a te d 4 8 . . . . . . . . ........ 1910 103
Do
4*$*.................. ....1 9 1 3
.......... . . . . . .
6 f t . . . ..........................................1 9 1 9 126
I P e n ite n tia r y 4 ^ s . . . . ............. .1 9 1 3
S o u th C a ro lin a — i*sa, 2 0 -4 0 ,. 1930 103
V irg in ia fu n d e d d e b t, 2 -3 s .. . . 1991
R«, non-fnrw l ., ___. . . . ____ IW8«
!i » m. d e fe rre d t ’s t re o ’ta , s ta m p e d .
»
101
C u rre n c y fu n d in g 4 a .. . . . . . . 1 9 2 0
A rk a n #»#—♦)«, fu n d , H u 1 .1 8 99-1900
7ft. A rk an saft C e n tr a l K B . . . . . . .
N e w MHiwili. 4 # .... ................. 1914
A sk.
M is s o u r i- F u n d ................1894-1895
N o rth C a ro lin a —6a, o l d ............ J A J
91*4
*
68*4 68 *
B a h k av
O O fto ra iu o d .)
i
B ank of N ew i o rk
M a n h » tt* * u C o .........
M e ro h a u X # •
Me* hanics*’ ..
A m e x te a . . . .
Plan* U ___ ~
C ity ......
•
T r a d o « tn e u »
ChoraiCAv ...
I m n tV E x e h 'g e
G a tb tin , . . . . . .
..
B u t e h e ft*A D rnft rs*
M o c h a n l e - 'A T r a d ’s*
O ie e a v t- h
L e a t h e r M a n a f a c 'r s
S e v e n th
S ta te of N o w V rrk
A m e ric a n E x c h a n g e
C o m m e r c e ...... ..
B ro d w ay
M e r c a n t i l e .............
P a o f t e __________ R e p u b lic .. . . . . —
C h a t h a m .................
P e o p l e 's
.....
N o ; th A m e r ic a ...
H A nnver
Irrl g
C U l i ^ M '.......................
N as an
.. . . . . . . .
M o rk e S A F u l t o n . . .
S hoo A L e a th e r—
C o r n E x h a n g o -----
C o n tin rftta l.------- -
O rie n ta l . . . . . .
|
I m p o r t e r - 'St T r » d ’ raj
Pa, k
.........
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. ...
F o u r t h ___ _______—
C e n tra l. . . . . .. .. .. ..
8*< . . « d . . . . . . . . . . . . . . .
N in th . . . . . .
F ir s t..... ..........
N Y. N a t t F . t c h ’g e
B o * e r y ..........
N ‘-w t < r k C " « n l y .
0 e r P D A raerlca n .
G h a * - . . ..........................
F ifth A r e n u e . .
O eru an E x c h a n g e ,
€ te r n i t n i a .
L i n c o ln . . .
tj.i
Oa fl*d ....
F lft
K r>k o f t h e M o to p .
W # hit R id#
i lAliOirct. ...... .
R i t l h . . . . . . ........ ...........
W e ste rn . .. .. .. .
f l t * t J f * f , B 'k l y n . ,
N a t. U n io n B a n k ..
Lt» e r t y ..
........
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8 fc .« f N . A m iE * i dan :
i
.
; S p e c ie . ; L eg a te, jD eposits.
,110,0 $2,2i0,O * 1 ,7 7 0 $14.410.0
C a p it a l S u rp lu s) L o a n s ,
,557,0!
,883,1
. S*5.o
,253.8!
,083 0
8.327.0
2,8* 2,7
1-385,*
2,960.1
4u».0
2 P 0 .5
5,0U 9 0
1.0ft 4.4#
8 7 k', 4
17U .0
2 7 * .n
103 2
3 5 2 .4
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2 0 3 2 ,0
2 .1 0 7 .8
8 3 3 .8
1 ,1 1 1 .0
3 14,8
2 ,8 2 1 ,0
713.H
1 8 0 ,7
1 .0 0 3 .8
5 ,1 1 3 ,6
2 5 1 .4
4 1 2 ,3
2 2 8 .7
7 1 2 .1
700 5
1 ,3 8 1 ,0
9 0 7 .0
1 0 5 ,8
4 ,0 6 7 ,0
0 ,0 3 2 ,0
1 0 4 .0
3 ,4 » 7 8
1 ,8 8 5 ,0
PlMi.O
& 24.5
3 ,7 4 4 .0
3 Hi 6
435 0
6 0 4 .0
3 1 3 .3
5 .6 U 0 .9
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5 8 4 .W
1 ,2 5 9 .4
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2 2 4 .0
3 .‘ 2 2 .0
6 i 0 .3
2 %f 0 5
3 4 8 ,3
0 4 8 .0
4 9 3 ,0
044808
1,220
1 ,1 9 5
M
H
2 .3 2 8
530
14.56*
2 - 0 .9
3 ,0 2 1 ,0
6 0 5.4
7 0 7 ,9
2 3 6 .7
3 8 5 .0
2 i 2 ,9
0.* 4 .0
1 4 7 ,0
2 1 8 .3
2 .0 1 3 .0
3 ,1 8 7 .9
7 7 4 .8
1 ,2 : 0 .9
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1 ,8 9 2 ,0
71& 3
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1 .2 2 0 ,2
3 ,1 0 4 .3
5 7 0 .2
3 U0 . 1
6 5 2 ,0
4 1 3,0
9 9 1 .0
6. 8 .9
416 2
2 4 4HO
3 ,0 4 2 .5
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2 .4 4 3 .0
7i 6 0
7 L3.6
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2 19.J"
7 4 3 ,0
3 3 4 ,2
406 3
a .jo e .i
0 0 /, 4
0 3 3 ,9
83^9
84 1,7
3 3 1 .5
3 0 0 ,2
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4 0 2 .0
1 ,0 3 8 .0
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6 ,5 2 9 5
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BA NK S.
(00s u n i it to d .)
1 0 ,1 * 9 ,0
CapiU l
3
New York City Clearing House Bunks.—Statement of con
Reports of NoiteMember Banks.—The Clearing-House now
dition for tbe week ending December* i , based on averages Of alfio publishes returns lor non-member banks. Statement of
averages for week ending Dec. 4. 1897, is as follows:
daily results. We omit two ciphers (0 0 ) in all cjse.t.
18,717,4
8 .4 3 9 .0
21.700.0
3 .0 0 4 .0
91.012.0
2 .3 0 0 .7
2 0 . >4 7 ,0
6 .9 2 3 , l
5 .7 1 5 .8
1 .2 8 3 .7
2 .4 0 1 .0
l.« /3 0 .i
2.04 8,9
2 .0 4 2 .2
2 .4 0 4 .1
1 8 .7 3 0 .0
1 9 .3 8 3 .0
5 .3 9 8 .3
9 .0 4 0 .0
2 .0 4 4 .3
1 6 .7 4 0 .8
5 .7 1 2 .4
2 .0 3 5 .0
1 1 ,4 8 9 ,3
3 0 .0 6 4 4
2,877,**
3.425.0
2 .9 1 6 .0
5 .7 0 1 .3
4 .2 4 0 .7
9 .7 0 2 .7
0 .2 7 0 ,5
1 .8 3 0 .0
25.717.0
4 0 .1 2 3 .8
1 .2 5 4 .5
2 5 .1 0 1 .0
1 2 ,7 i 1,0
0 .2 7 9 .0
3 .7 0 7 .5
2 6 . U 1,7
1,3*39,4
3 .4 9 8 .0
3 .5 0 2 .5
2 .0 3 2 .1
29.4**7 8
8 .4 8 4 .1
3 .2 U .4
A 931 2
7,D>7 5
6 .4 5 7 .7
2 ,1 4 *.4
6 ,3 2 8 7
2 .6 2 5 .0
lO.7r»0,O
1.4«0.O
2 4 .7 1 3 .0
6,232,<*
1 1 .0 4 8 .8
2 .8 0 0 .0
8 .0 5 3 .4
2 ,8 0 5 ,0
New York City .
A s t o r P l a c e ..........
C llb L D. ...................
C«d I l l u l ...........
P o l i i i n b U ..............
E l e v e n t h "W rtrfl.,.
F o u r to o iitli S tr e e t.
F r a n k lin N a tio n a l.
o » n n e \ o o r t . . . . ___
H a m ilto n . . . . . ...
H i d e A H e a th . N a t .
H m e.
— ....
M ndnon R i v e r ,....
M o u n t M u m » . ..
M n t n n l ......................
N in e te e n th W a rd .
P i n z a ...........................
H i e r s l d o . . . ___ . . .
S ta i> d ^ rtl N a t to n a l .
$
2 5 0 .0
8 0 0 ,0
1 0 0 ,0
1 0 0 ,0
2 0 0 ,0
2 0 0 ,0
2 0 0 .0
5 0 0 ,0
1 0 0 .0
2 0 0 .0
2 5 0 .0
2 0 0 ,0
1 0 0 .0
1 0 0 ,0
1 0 0 ,0
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RUHe..................... . 10 0 .0
T w e l f t h W a r d . . . , 2 0 0 .0
T w e n t v - t h i r d W d . 1 0 0 .0
U n lf-n R rjtn ir© .......... 2 0 0 .0
Y o i k v l l l e ................. 1 0 0 ,0
B tiO O K hV N .
1 5 0 .0
B e d f o it i — ___ . . .
B rc.ji'i w a j . ___ . . . . . 10 0 .0
3 0 0 .0
B r o o k l y n . .............
100,0
K lg h th W a r d . .. ..
F i f t h A v e n u e ........
2 0 0 .0
F m t o n ................. ..
K in g - C o u n ty .—
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1 0 0 .0
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1 0 0 .0
s* v e n t e e n t h W a r
K p r a n g o N a t i o n a l .. 2 0 0 .0
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lo o .o
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2 d N a t .. H*> o k e I 125.0
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l a t N a t .,f e t a te n I I I . 1 0 0 ,0
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1.687.0
1.266.9
874.0
476.0
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1.223.4
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535.2
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1.709.2
928.7
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638.9
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1.059.0
1.327.4
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ftiiiiK iiu riC M o t t h e w e e k l y r e t u r n s o l t h e I m n a s I n N e w Y o r k C i ty *
P h i l n c l D h i u a n i l l i o s t o i i . s e e t h e t h i r d D im e p r e r e d i u g *
THE CHRONK LE.
11 O
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*
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S a tu r d a y ,
Deo. 4.
r .
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Deo 7 .
D eo. 8
134 134
13%
12^8 12% 13
A toh. T. A 8. F * .tR n sto n ). 100 *12% 13
*12
*12 . . . . . . *12 . . .
B altim o re A O hio (B a il.). 100 *12
* 6 6 4 67%
*66% 67% * 6 6 ^
B alt. C ity P a s s ’g e r “
25
24 4 2 4 4
24
~24*4 24% 243e
23% 24
B altim o re C ot boI. “
25
. ..
24
24
B altlm oi'i ConsoLII (P h il.). 25
2 1 8 " 218"
918 218
218 218
xr2’ 7 217
B oston A —lb a n-y (Boston).IOC
DO LV
O -U A-----‘2 1 2 4 —
'2 1 6 %
*216%
IOC *212
Boston & Lowell
167 1 6 7 4
■.6 6 169
167 167
“
100 *167
Boston A M aine.
* 9 4 so
10
*9
9% 10
’0
*9
“
100
Central of Maas..
*54
57
r1___
*55
**8
58
44
100 *55
P re ferred .........
974 984
96% 9 7 % 96% 98
96% 96%
“
100
Chlo.Bur.A Quin.
94
95
954
94
9 4 % 94
Ohio.Mil.A 8 t. P. (P h il.). 100 93% 93%
9
9
8 S1
8%
8%
8%
8%
8%
50
Ohoo.OAG.vot.t.o «*
100
Cit. 8t.R y.of Indlt
V I t. O lilitJ .V !
II
96% 96% "9 6 % "961* ■9 6 % 96% *96% "96%
F itc h b u rg p r e f ..f B o sto n ). 100
26
264 264
26
26
26
26% 26%
L ehigh V a lie v
( P h ilo .) . 50
119 1 U * 1 1 9 4 1 20
1188a 119
119 119
M etro pol’n 8 t i ’fc1
F “
6
6
5*
5%
5%
5%
*5 %
M exican C en t’l (B o sto n ). 100
New E n g l a n d ....
“
}£ £ *
A
k ........ 82
82
82
P re f e r ie d .........
*
100 *
k......... 81
80
80
81
N o rth e rn C e n tra l ( P a l .) . 50
20i*
20
20% 2<1% 2 J% 2 0 4
N o rth e rn P a c ific (P h ilo .>100 *1978 20
57% 58
57%
57
561* 56%
563« £6%
P re fe rre d
"
100
184% 184% k184 ..........
Old C olony____(B o sto n ; 100 184 184*3 *184
5 6 4 5fc 4
5638 56%
56** f.6%
5 O'* 56%
P e n n s y lv a n ia . .. ( P h i l a , ) . 50
7338 73 5g 73% 75
75
754
7v% 72%
P h ilad e lp h . T rao .
"
50
1 0 4 1 0 i5 16
1 0 \1 0 1 5 le l O i 'i s '0 %
10% 10%
R ea d in g C o..........
“
50
2 5 4 25%
26-4
25% 25%
251*
25% 25%
U nion P a c i f i c ( B o s t o n ; . 100
11% 12%
n%
124 124
u%
u%
n%
U nion T r a c tio n ..(P h ila .) . 50
(T V U c e ila n e o n a S t o c k * .
1360a 1391* 140 142% 142% 145 3q 1 4 0 1 4 4 4
A m . 8u g’r Refill. H( B o sto n ) —
115 115
115 115
114 115
P r e f e r r e d .........
“
— *114 115
261 2 63
SG3 264
263 264
Bell T e le p h o n e ..
“
100 262 2 63
147% 149
145% 150
B oat A M o n ta n a .
“
25 143% 144% 145 145
2438 24%
2 4 ^ 241*
25
25%
254 254
B n tte A B o s to n .t
“
25.
4 7 0 470
*460 465 *460 465
C aln m et A H e o la
“
25 *460 465
- _____ 68
*68 ___
C an to n Co ............( B a lt.) . 100
544 544
C onsolidated O aa
“
100 *5 3 % 54% 54M 5414 *54% 55
26
26%
27
26
26 4 2 6 4
27
26
D om inion Coal ( B o sto n ) .1 0 0
27% 27%
27
274 274
2 7 ia
E leo.S tor. B a t’yll ( t f i u a .) . 10U
29»i 29%
30
304
29% 29%
P r e f e r re d ff
4
4
100
72
724
71% 71%
71*4 71%
E rie T e le p h o n e .(B o s to n ;. 100 * 7 1 ^ 72
34
33'-* 33i*
33% 3 3 % 34
* 3 3 4 33%
G e n eral E leo trio .
44
100
*82
85
*83
85
85
85
85
82
P referre d . . . . . .
100
47% 48%
45
48
48
48
44
44
Illin o is S t e e l . . . .
4
4
100
22
22 *
22
*21
22
L a m a o n S to reS er
4
4
50 * 2 1 4 22
42
42
42
41
41%
42
41
L eh i’h C oalA N av. (T h ila .) 50 *40
1 2 6 126
128 128 *128 130
N. E .T e le p h o n e (B o sto n ). 100 127 128
17% 17%
17% 18%
17 78 18%
17% 17%
Pa, Heat,L.<fePow( P h ila .) ----94
94
94
94%
94% 94%
U n it’d G as Im p . 1
T 4
4
5 0 93% 9 4 4
43
43
43
43
42% 42%
434 434
W elabaoh L ig h t 1i
4
4
5
*1%
*1%
1%
1%
1%
* i%
*14
14
W est E n d L a n d .. (B o s to n ;.—
5 1 s t in s ta l.
* Bid and aeked p ric e s; n o s a le w a s m a d e.
Inactive Stock!,I
B id
P r ic e , o f D ecem ber 10.
A tla n ta A O h a rlo tte (B o lt.).100
B o sto n A P ro v ld e n o e (B oston).1 0 0 2 6 5 268
5C% . . . .
O ataw isB a.................. .. ( P h i l a . ) . 50
49%;
l e t p r e f e r r e d ............
“
50
C e n tra l O h io _____. . . . (B alt.) 5 0
15
12
C hicago A W e e tM ic h .(B o sto n ).100
C o n n e c tic u t A P a s s . .
“
100 148 150
C o n n e c tic u t R iv e r —
“
100 250 255
36
37
O oneol. T r a c t.o f N . J.fl (P h ila .) .1 0 0
D e la w a re A B o u n d B r.
“
100
13
F lin t A P e re M a r q ...(B o s to n ).100
42
P referre d . . . . . . . . . . .
“
100
45
H e eto n v llle P a e e e n g . ( P h ila .) . 50
51
P re fe rre d f . . . . . . . . .
“
50
H u n t. A B ro a d T o p ...
“
50
43
P r e f e r r e d .......................
“
50
15
K an. C’y F t.8 . A M em .(B o sto n ). 1 0 0
50
P r e f e r r e d .......................
“ 100
53% . . . . .
L ittle S c h u y lk ill_____(P h ila .). 50
M aine C e n tra l............(B o sto n ). 1 0 0 125 127
57
58
M ine H ill A 8 .H a v e n .(P A « a .J . 5 0
N esq u eh o n in g V a l . . .
“
50 5 4
4
N o rth A m e ric a n C o ..
“
100
90%
N o rth P e n n s y lv a n ia .
“
50
19
19%
O r.8 h .L ln e all aeet.p d fB o sfo n J.lO O
P e n n s y lv a n ia A N . W. (P h ila .) . 50
20%
P h llad el. A E r ie ..........
<
50
R u tla n d ____________ (B o sto n ). 100
P r e f e r re d .....................
“ 100
B o n th e m .......................
(B a lt.) .1 0 0
W ent E n d . . . ________ (B o sto n ). 50 ” 84% "84%
P r e f e r r e d ..............
“
50 102% 1 0 4
U nited Cos. of N. .1.. ( P h ila .) . 100 2 5 0 % ..........
50%
W est J e r s e y A S e a Sh.
“
50
2%
W estern N.Y. A P e n n
“
100
2=s
W isconsin C e n t r a l .. .(B o s to n ). 100
1%
2%
2
P r e f e r r e d .............. ..
“
100
4
W oro'st-N ash.A B ooh.
“
1 0 0 1 2 0 125
[VOL. LXV,
Bonds.
T h u rs d a y ,
D eo. 9
134
*12
*66 4
214
134
674
244
217% 21 8
e2 1 2
X ib 7 %
■9 % 10
55
55
98% t8 %
95% 95%
9
93a
96% 96%
26%
26
119% 119%
6
6%
*
82
80
80
20% 20%
58%
58
*184
56% 56%
75% 76%
24
12%
253a
12%
139%
115
257
148
25%
4 70
*68
54%
26%
141%
115%
261
1 b9
25%
470
30%
71 %
34
*82
49
*21
42
*126
18%
94%
42%
*1%
p a id .
30%
11%
34
85
49
21%
42
128
18%
94%
42%
1%
t 2d
B id .
54%
27%
F r id a y ,
Deo. 10.
13% 13%
12S, 12%
*f6% 67%
24
24%
24% 24%
216% 2 18
'2 1 6
17
167% lt>7%
•pi* 10
*.'5
58
9 7 % 98%
94% 95%
9%
9%
*17
19
*96
96%
25% 26
119% 120
6%
6%
SO
*25
82
*78
*80
81
20% 20%
5«%
57
*184 1>4%
56% . 6%
’
75% 76%
1 0 ’ lS 10%
24-4 24%
12% 12%
140
114%
260
147%
25
4 65
*67
54%
2* 34
27
*30
71%
*33
84
*47
*22
41%
126
17%
94
42%
*1%
in s ta l.
A sk .
81
80
B o sto n U n ite d G as, 2 d m . 5 s . .1 9 3 9
119%
B n rl.A M o . R iv e r E r e n p t 6 s , J A J 119
N o n -e x e m p t 6 s .. . .. . . 1 9 1 8 , J A J 106 106%
96
94
P la in 4 s ........................... 19 1 0 , J A J
O hio. B u rl. A N o r. 1 s t 5 ,1 9 2 6 , A A O 105 105%
101%
2 d m o rt. 6 s ............... ..1 9 1 8 , JA D 101
99
97
Ohio. B u rl. A Q nlnoy 4 s 1922, F A A
I o w a D iv is io n 4 a . . . . .1 9 1 9 , A A O 100%
62% 65
O hio.A W .M ioh. g e n . 5 s , 1 9 2 1 , J A D
70
63
C o n so l, o f V e rm o n t, 5 8 .1 9 1 3 , J A J
70
65
C u r r e n t R iv e r, 1 s t, 5 S ..1 9 2 7 , AAO
74
73
D e t.G r.R a p .A W .,ls t 4 s ,1946. AAO
E a s te r n 1 s t m o rt 6 g ,1 9 0 6 ,M A 8 .. 120 121
;lT e e ,E lk . A M .V .,1 s t, 6 8 .1933, e n d . 133%
| U n sta m p e d , 1 st, 6 s, 1 9 3 3 . .. ........ 13a %
80
70
K .O . O. A S p rin g .,1 s t,5g.,1925,A A O
102%
|K O. F .S . A M . o o n .6 s , 1 9 2 8 , MAN 102
74
75
K .C . M em . A B ir.,ls t,2 s ,1 9 2 7 , MAS
K.
C. S t. J o . A C . B „ 7 s . . 1 9 0 120% J
7, J A
92
95
L . B ook A F t
1 s t, 7 s . .1 9 0 5 , J A J
103
L o n is .,E v .A 8 t.L .,ls t,6 g .l9 2 6 ,A A O 10 1
85
87
2 m ., 5—6 g ................... 1 9 3 6 , A A O
M ar. H . A O n t., 6 s .........1 9 2 5 , AAO 110 111
64% 65
M e x ic a n C e n tr a l, 4 g . . . 1 9 1 1 , J A J
15% 16%
1 s t c o n so l.in o o m e s, 3 g , non-oum .
5
6
2 d c o n so l, ln o o m e s, 3 s, n o n -o u m .
N . Y . A N .E n g ,, 1 s t, 7 8 ,1 9 0 5 , J A J ' 119 119%
1 s t m o rt. 6 s ............................. 1 9 0 5 , J A113 113%
J
92
94
O g d en . A L .C .,C o n l6 s ...l9 2 0 ,A A O
15
I n c . 6 s ....................
....1 9 2 0
R n t l a n d , 1 s t,6 s ..............1 9 0 2 ,M AN 105
106
99 100
2 d , 5 s ................... ...........1 8 9 8 ,F A A
141%
1>4%
261
148
25%
4" 0
70
54%
27%
27%
30%
71%
33%
H4
48%
22%
41%
1 26
18%
94%
43
1%
p a id .
S a le s
of th e
W eek,
S h a re s.
1.412
7
6,515
1,000
83
34z
25
23.731
6,900
1.783
50
508
2,851
1,380
17
6,9 3 2
7,711
3
3,2 6 5
9 ,1 0<
9.528
4,652
7,374
7 1 ,4 6 2
234
611
6,647
1 0 ,875
51
c60
17.621
1,295
263
58
1,0 8 0
55
679
20
516
38
2,6 3 9
3 ,8 1 2
53 3
1 T ru st
R a n g e c f s a le s In 1« 7.
H ig h e
L o w e s t.
9=s A pr.
9 A ug.
59% J a n .
17 J a n .
21 =8 A ug.
2 19 J a n .
■>05 J a n .
1 57 J u n e
8% N o v .
55 D ec.
69% J a n .
69% A p r.
6 M ay
16 A pr.
89% J u lv
20% F eb.
1 0 0 O ct.
5 A ug.
1 8 A p r.
57 F eb.
67% J a n .
10% A p r.
33% J a n .
176% M ay
51 s* M ay
66% J a n .
89le A pr.
5 A p r.
8% A p r.
16% S e p t. 18
21 S e p t. 2 0
67% S e p t 15
24% D ec. 7
24% D ec. 1 0
4 22(
A ug 2 7
2 21( % N ov. 3
V 1 70 S e p t . 28
9 13 A ug. 30
9
A ug. 30
5
S e p t. 20
IP 102 S e p t. 15
7 10% S e p t. 2 0
12 25% J a n . 2 0
17 9i % Deo. 8
18 32% J u ly 2 2
16 1 20 D ec. 1 0
11
9 5 J a n . 30
* 4 0 S e p t. 1
15 9 0 S e p t. 1
27 81 N ov. 23
3 0 2 1 % S e p t 15
15 5f % D eo. 10
26 185% A ug. 2 3
3 59% 8 e p t. 1 8
5 76% D e c. 1 0
19 14% S e p t. 18
12 2
O ct. 2 0
29 13% M ar. 3
109%
100%
205%
94%
6
326
M ar. 29 159% S e p t. 3
J a n . 6 121% S e p t. 14
J a n . 4 S 85 S e p t. 14
J a n . 2 I f 1% S e p t. 2 0
J a n . 11 31 % S e p t. 2 0
J a n . 2 495 S e p t. 2 0
67% F e b . 6
53% D ec. 2 62% J qd . 15
6% M ar. 18 27% D ec. 9
15% A p r. 22 33% S e p t. 7
17% A p r. 30 36% S e p t. 7
63% A pr. 1 77 S e p t. 15
28% M ay 17 4 1 S e p t. 15
6 6 M ay 18 9 0 S e p t. 15
29% A p r. 21 50% A ug. 3 0
15% J u n e 21 23% F e b .
37% M ay 26 45% S e p t.
1 0 1 A p r. ( 1 35 S e p t
13 A p r. 3 0 18% D eo.
70% M ay 3 95 % D eo.
38% A p r. 6 50% S e p t.
1 O c t. 20
2% Feb.
re o .,a ll in s ta l. paid.
Bonds.
B id
Ae«
P a .& N . Y . C a n .,c o n . 5S .1939, A A O 106 1
P e o p le ’s T ra o . t r u s t o e rts . 4 s ..±943 1 00 i..........
P e rf a o m e n , 1 s t s e r ., 5 s . l 9 1 8 , Q—J 102% 1
P h il a .A E r le g e n . M . 5 g .,1 9 2 0 , AAO 118 1 19
G en. m o r t . , 4 g ___ . .. 1 9 2 0 , AAC
P h il a A R e a d . 2 d , 5 s . . . 1 9 3 3 , AAO 1 27
C o nsol, m o r t . 7 s . . . . . . 1 9 1 1 , JA D 131
n o n s o l, m o rt. 6 g _____1 9 ) 1, J * T 122
1 03
E x t . Im p . M. 4s, g., 1 9 4 7 ..A A O
1 02%
C on. M .o f 1 8 8 2 , 4 s . . ..1 9 3 7 , J A J
T e rm in a l 5 s , g ___ ..1 9 4 1 , Q .—F . 117%
P h il. W ilm . A B a lt., 4 8 .1 9 1 7 , AAO
P i t t s . C. A S t. L „ 7 s . . . .1 9 0 0 , FAA 109%
85% 85%
R e a d in g Co. g e n . 4 s . . . .. 1 9 9 7 , J A J
95%
R o c h e s te r R a ilw a y , o o n . o s ..1 9 3 0
8 c h u y l.R .E .S id e ,ls t5 g .1 9 3 5 , JA D 1 04 1 0 5
U n io n T e rm in a l 1 s t 5 s . . . . . . . F A A
A tla n ta * * Ch?r?.J,^ist 7 s f i 9 0 7 , J A J
B a ltim o re B e lt, 1 s t, 5 s . 1 9 9 0 , MAN
B a lt. C. P a s s . 1 s t 5 s .. ..1 9 1 1 , MAN
B a lt, T r a c tio n , 1 s t 5 s . .1 9 2 9 , MAN
E x t e n . A Im p t. 6 s . . .. 1 9 0 1 , MAS
No. B a lt. D iv ., 5 s ........ 1 9 4 2 , J A D
B a ltim o re A O hio 4 g ., 1 9 3 5 , A&O
P i t t s . A C o n n ., 5 g ...,1 9 2 5 , FAA
S ta te n I s la n d , 2 d , 5 g .1 9 2 6 , J A J
B e c e iv e rs ’ c e r tific a te s , 6 s .-J A D
D o. M a ry la n d C o n s tru e ., 5 s .........
D o. P it ts h . A C o n n ells., 5 s .. J A J
D o. M ain L in e 5 s ....................... .......
B al.A O h lo B .W .,ls t,4 % g .l9 9 0 , J A J
O a p e F .A Y a d .,8 e r.A .,6 g .l9 1 6 , JA D
C e n t. O h io , 4% g ..............1 9 3 0 , MAS
C en t. P a s s ., 1 s t 5 e ____ 1 9 3 2 , M AN
C ity A S u b ., 1 s t 5 s ..........1922, J A D
C h a ri. C ol.A A u g .e x t.5 s . 1 9 1 0 , J A J
Uol. A G re e n v ., 1 s t 5 -6 8 .1 9 1 7 , J A J
G e o rg ia A A l a .,ls tp f . 58.1 9 4 5 , AAO
G a .O a r. A N or. 1 s t 5 g . . l 9 2 9 , J A J
G e o rg ia P a c ., l e t 5 -6 S ...1 9 2 2 , J A J
G eor. So. A F la ., 1 s t 5 s . .1 9 4 5 , J A J
N o rth . O e n t. 6 s .................. 19 0 0 , J A J
6 s ..................
..1 9 0 4 , J A J
S e rie s A , 5 s ..................... 1 9 2 6 , J A J
4 % s .................................1 9 2 5 , AAO
P i t t s . A C o n n ells. I s t , 7 s . l 8 9 8 . JA.T
P itts . U n ite d T ra o ., 5 s . . . 1997, J A J
S o a th e m , 1 s t 5 s ________ 1 9 9 4 , J A J
V irg in ia M id., 1 s t 6 s . ..1 9 0 6 , M AS
2 d S e rie s , 6 s ....................1 9 1 1 MAS
3 d S e rie s , 6 s . . . . „ ___ 1 9 1 6 , MAS
4 th S e rie s, 3 -4 -5 s.___ 1 9 2 1 , MAS
5 t h S e rie s , 5 s ___ ____ 1 9 2 6 , M AS
W e st V a .C .A P . 1 s t, 6 g . 1 9 1 1 , J A J
W ilm . C ol. A A n g ., 6 s . .1 9 1 0 , J A D
A t l a S l o o i ^ y l8 t'is f g .* l^ l» * M A N 106%
B uffalo R y . oon. 1 s t, 5 s ............1931
C a ta w ls s a , M ., 7 s ____ .1 9 0 0 , F A A 108%
Choo. O kla. A G u lf, p r io r lie n 6 s ..
G e n e r a l 5 s................................. 19 1 9 , J A 89% 90
J
C itiz e n s ’ 8 t,R y .o f In d .,o o n .5 s .l9 3 3
74
MISCELLANEOUS.
C o lu m b . S t. K y „ 1 s t, oon. 5 s .. 1932
A U ouezM ln'g, a s a tp d f B o sto n ). 25
C olum b. O. C ro ssto w n , ls t,5 s ,1 9 3 3
%
%
A m er. R y .E l.L ig h t.. (P h ila .)____ --- —
C onsol. T ra o t. o f N . J . , I s t , 5 s . l 9 3 3
98% 98%
A tla n tlo M in in g ..........(B o sto n ). 25
23% D e l. A B ’d B r ’k , l e t , 7 s . 1 9 0 5 ,F A A 1 24
23
B ay S ta te G as fl
3
E a s to n A A m . ls tM .,5 s .l9 2 0 ,M A N 106
2%
B oston L a n d .............
••
4%
5% E leo . A P e o p le ’s T rao . sto o k , tr . o tf s
76
76%
C en ten n ial M in in g ...
“
17% 17% E lm ir. A W u m .,1 s t,6 8 .1 9 1 0 , J A J . 123
F o rt W ayne E l e o t t . .
“
1
H e a to n v ille M. A F ., oon. 5 s ..1924 115%
%
F r a n k lin M in in g ___ _
“
18% 19
H u n t. A B F d T o p , C o n , 5 s .’95 , AAO 105% 107
F ren o h m ’n 's B a y L ’d .
“
% K . C. Sub. B e lt 1 s t 6 s ... 1920, J A D
%
K e a rsa rg e M in in g___
“
19
19% K an .C . P itts .A G .l s t 5 s . 1923, AAO
82
82%
M arsden C o...................( T h ila .) ......
12% 12% L e h ig h N a v . 4 % s............ 1 9 1 4 , Q—J 1 14
M e ig e n lh a le r L ln o t..(B o sto n ). 100 142 142%
2 d 6 s , g o ld ......................1 8 9 7 , J A D
O sceola M in in g ......
*
*
26
38% 39
G e n e r a l m o r t . 4 % s, g .l9 2 4 ,Q —F 102
P u llm a n P a la o e C a r .
“
100
172 173
L e h ig h V a l.C o a l 1 s t 5 s ,g .1 9 3 3 ,J A J
96%
93
P e n n s y lv a n ia S te e l.. (P h ila ,).1 0 0
10
10% L e h ig h V a lle y , 1 s t 6 s . . . 1 8 9 8 , J A D 102%
P re fe rre d K..............
“
100
15
16
2 d 7 b.................................1 9 1 0 , MAS
134"
Q uincy M in in g -------- < o s to n ). 25 114 115
B
C o n so l. 6 ......................... 1 9 2 3 , J A D
M ISCELLANEOUS,
a m a ra o k M in in g ,...
“
25 129 130
N e w a rk P a s s e n g e r, oon. 5 s ...1 9 3 0 110
B a ltim o re W a te r 5 s . . .1 9 1 6 , MAN
u a te r P o w e r . .. . ........
“
100
1
%
N o rth P e n n , l e t , 4 S ....1 9 3 6 , M a n 111
F u n d in g 5 a . . . . . . ___ 1 9 1 6 , MAN
W estlngh. E lec. A M ..
“
20
60
21
G e n . M. 7 e ...... .................1 9 0 3 , J A J 119%
E x c h a n g e 3 % e ............1 9 3 0 , J A J
ftP re L , c u m u la tiv e ..
“
50% 6 1
60
P e n n s y l v a n i a g e n .6 s , r .. l 9 1 0 , V ar 131
V irg in ia ( S ta te ) 3 s ,n e w .l 9 3 2 , J A J
Bonds-Boston,
C o n so l. 6 s , o
..............1 9 0 5 , V a r 1 20
F u n d e d d e b t, 2 -3 s ____ 1 9 9 1 , J A J
A t.T o p . A 8. F . g e n e ra l g. 4 s , 1 9 9 5
88% 89
C onsol. 5 e , r .............. . .. .1 9 1 9 , V a r
C h e s a p e a k e G a s ,( I s ........ 1 9 0 0 , J A I
A d ju s tm e n t g. 4 s, 1 9 9 5 .................
57% 58
O o lla t.T r . 4% v ............1Q1S, J A D
C o n so l. G a s , 6 s . . . . . . . . . 1 9 1 0 , J A I
B oston U n ite d G a s 1 s t 5 s .............
(9 5
96
________
l° v o . t i
P a . A N. Y . C a n a l, 7 s ...1 9 0 6 , J A D
Prioc inuludea overdue ooupons,
li Unlisted. ) And accrued Kite. 0 1 1 ,
121%
79% 80
113%
113
105
115
115%
102%
70
113
113%
i l 7 % 118%
91%
91
1 22
123
99% 99%
108
11 4
117
110
i'02" 1 0 2 %
117
103%
10 6
77% . .
67% 68%
1 0 4 _____
118 1..........
1 1 0 110%
THE CHRONICLE.
December 11, 1897.J
HOT
NEW YORK STUCK EXCHANGE PRICES (C ontinued )—ACTIVE BONDS DEO. 10 AND FOR YEAR 1S97.
R a il r o a d a st >
HlSCEPULSEOCg BOSDS.
In fs t \
P e r i o d j ) CCt xo.
d a le s ) i n 1897'
L o w est.
H ig h e st.
J U t t B O A D AND
M b c s ia a n e o d s B o n d a
C losing R a n g e (s a le s) i n 1 8 9 7
I n l ’st
P rice
P e rio d Pec. 10,
H ig h est,
Low est.
A m e r. 0 o tto n 0 1 1 ,d e b .,8 g .l9 0 0 Q—F
A m e r. S p ir it M l*., l a t 6 g . l 9 l 3 M & S
A n n A rb o r.—l e t , 4 s , g ........ 1 9 9 o Q—J
A t T . X S .F .—N ew g en . 4 a .l9 9 5 |A A O;
A d ju s tm e n t 4 a ................._.1995j N o v .
1 0 9 1). 1 0 6 F e b .
7 3% b. 7 0 A p r.
83
71% J a n .
89%
78 % A pr.
o . j ! 41% _ p_
A r.
'1 2 0 b. 116% J a n .
82
7 0 Feb.
82
68 F e b .
92
B k ly n R a p . T r a n s ., a g — 1915 A A O
7 0 M ay
B ily n .U n .lia a ,ls t,e o n .5 g - 1 9 4 i'! j A J , 112*8 105% J a n .
B ’siy n W U rfA W .H —la t.o s .g . t a i l A A 99*4
91*3 M ar.
B uff. R. & P .—G en . g. 0 8 .1 9 3 7 |M A 6 102 b. O S's M ar.
C fan id a S o u th e rn .—la t,5 e ,1 9 0 8 ;J A J 113% 108 J a n .
2 4 ,5 a ....................................1 9 1 3 M A Si 1 0 6 *3b. 1 04% M ar.
C e n t. o f G a . - l s t , g,, 5s . . . 194.5,F A A 120 a . i r . ’H F e b .
C onn,, 5a, g ..................... 1 9 4 5 M & 3S 9 2 b . 86% J u n e
C e n tra l o f N . J . —C o n s.,7 s,1 8 9 9 ; Q—J
10.“
>% 101*8 O ct.
N ov.
C o n so l., 7 » ..........................1 9 0 2 M A X 113% b. 112
G e n e ra l m o rtg a g e , 5 g . . . 1987 J & J 1 1 2 *4 i106 M ay
Leh-A W .B.,o<m .,7a,ae,d . l 0 0 0 Q - M
9 9 % b J 9 0 A p r.
“
m o rtg a g e s * . 1 9 1 2 M A Ji
8 7 % b . 7 5 % M ay
A m . D o e k A I tu p ., 5 S ....1 9 2 1 J & J 110% b. 1 1 3 A u g .
O e n tra lP a c lffA -G o M ,e * -1 9 9 8 J A J 102% b. 100 J a n .
E x te rn 5 g ....................... .. 1 8 9 e J A J 1 0 3
99% J a n .
Chee. A O h lb .- S e r .A ,6 g ..l9 0 f c A A O 118 b. 1 1 0 % O c t
M o rtg a g e, 6 g ........................1911 A .V O 119 b. 118 O ct.
1 s t c o n s o l.,5 g ..................... 1939 M A N 113%
107% J a n .
G e n e ra l 4 % » ,g ____
1 9 9 2 M A S 80%
7 2 M ar.
R .A A . B l v . ,l s t o o m , 4 g . 19891J A J 10C*i
97 J a n .
„
“
2 d c o n .. 4 g .. 1 9 3 9 J A J
94% b. 36 J a n .
Cftio. B a ri. * Q,—C o n .7 s . 1 9 0 3 1J * J 1 18%
115 J a n .
D e b e n tu r e ,5 s ...................... 1913 M A N 1 00%
93 F e b .
*"*-------- —•le -5*................... 1 9 C i !"' A 8 1 1 0
-----B M C o n v e rtib
9 9 % M ar.
D e n v e r D iv isio n 4s ......... 1 9 2 2 F & A .............. ■ 93 F eb .
n e b ra e g g E xten sio n , ls.1927 M A N 90% | 8 7 % J a n .
H a n .A 8 t.J o s.-C o n A 0 s .1 9 1 ) M A 8, 121 %b. 118 M ar.
cane.& £ . m . - u i , A ( . 0 A i 9 O 7 , J a d 112 b 111 A p r.
C onsoL 6g ............................1934 A A O ..............1 2 4 A p r.
| 93% F eb .
G e n e r a l c o n s o l..l* t5 B ..1 9 3 7 :M A N 1 0 2
C h ic ag o A E r ie .—1 s t, 8g . . 1982 iM AHi 1 1 0 % b . l0 S % M ay
O h io .G a s L .A 0 ,- ls t,5 g ..l9 3 7 J
A J i 106 a. 9 3 J a n .
C h, Im l. * L.—R e t . g . , 5 0 ,1 9 4 7 J
* J 8 5 a.
SO J u ly
C h Ic .M iL & 8 t,F .—d o n .7 « .1 9 0 ‘ J
&J , 1 4 0 b . 128 J a n .
1 s t , S o n U m e a tD lv ., 6 s . . 1909 J
A-J 1 2 0
115% Jan.
1 s t, So M in n . D lv ., 6 s ..l9 1 t> J
* J 120
115% J a n .
U t,C tL A P a c .tV .D Iv .5 s ..l9 2 1 J
A J 117%
112 J a n .
Ohio. A.M o. R lv .D lv ..5 e ..l9 2 fc J
A J 114%
106% Jan.
W ise. A M in n ., D lv ,5 g ...l9 2 1 J
A J 1 1 5 b. 110% J a m
T e r m in a l,5 g .......................1914 J A J 115
110% J a m
9 0 J o in
G en. M .,4 g ., s e r ie s A ___ 1989 J A J lOO
M il. & N o r.—i s t.c o m ,S » .l in . J A D 121 b. 118 J a m
0SU C .A N .W .—C onsoL , 7 s .1 9 1 J Q— F U l % b . 140 J a m
G o n p o n , g o ld . 7 s .................1901 J
A D 115% 1115% Deo.
S in k in g fu n d , 6* ................ 1929 A A O ...............114 J a n .
S in k in g ra n d , 5 s ................ 1929 A A0 110%!». 108% A p r.
S in k in g f u n d ,d e l ie n .,5 s .1935 M A N *110% b. 110% J a m
2 5 -y e « rd e b e n tu re , 5 e . . . l 9 0 ! M A N I0 9 % b . 106 J a m
E x te n s io n . 4 « ..................... 1926 F
A A ;1 0 6 b .1 0 1 J a n .
MU. L. 8 b. A W .. 1 st, 0 g . 1921 .'•! A Ni 130%
1 3 1 M ay
112 M ar.
E x t e r n * Im p ., 5 g ........ 1 9 2 ’ F
AA! 11C h le .R .l.A P a o .—O s,c o u p . 1917 J A J r 133 b 128% J a m
E x te n s io n a n d coL, 5 » . . . 1 9 3 4 J A J i 107%
101% J a n S y -y a a r d e b e n tu r e , 5». - .1 9 2 ! M * 8 100%
93 Jam
Ohio, 8 L P . M. A O .—0S...1O 3O J * Dj 1 3 5 %te 128 J a n .
_____I
t t l t . T e r.T ra n s .,e t.% * o f p to p ............... 1 4 5% I 423 J - ly
5 % : 4 2% u
C lev. L o r. A W beeL—5 # ...1 9 3 3 A A O ................ 98 M ay
a C . C . A I . - C o n » o i . 7 g ...1 9 1 4 J A D .......... 130 J u n e
G e n e r a l,c o n s o l.,6 g . . . . 1934 J A J ..............1 2 3 % J a n .
1 1 0 S e p t. E o n ls.N . A, & O h .—1 s t,6 a .1 9 1 0 J & J 114% b, I l l
J a n . 115% J u n e
8 6 % A ug. M a n h a tta n co n so l. 4 s ........ 1 9 9 0 A & O 96
97% A u g .
91% A p r.
8 4 *s A ug.
M e tr o ,E le v .- 1 s t, 6 g . . . . 1 9 0 8 J & J 120% 116% J a n . 1 21 J u n e
9 0 S e p t.
2 d ,0 s .................................. 1 8 9 9 M A N 103% b. 102% N ov. 107% A p r.
61 S e p t, M c tr o p ,8 t,g e n .e o l.tr .g .5 s .l9 9 7 F A A 113% 109% O ct. 113% D ee.
120% Aug.
M ich. C en t.—1 s t ,o o n s., 7 S .1 9 0 2 M & N 11 4 b. 113% N ov. 119
A p r.
13 6% S e p t
C onsoL , 5 s ........................... 1 9 0 2 M A N -T05% b, 105% J u n e 108 M ar.
* 85% S ept. M inn.A St. L.—ls tc o n ,5 8 ,g .l9 3 4 M & N 106%
1 00 J a n . 107% O c t
9 0 % S e p t. Mo. K . & E .—1 s t 5 s, g ., g m .1 9 4 2 A & O 94% b. 88% M ay 100 S e p t
115 A u g . M .
K . & T e x a s .—1 s t, 4 s, g .1 9 0 0 J A D
87 Ja m
82
88% N ov.
1 0 2 % S e p t,
2d , a s , g .................................1 9 9 0 F A A
64%
65% S e p t
54% M ay
102 A ug. Mo. P a m —l s t ,c o n . ,6 g ........1 9 2 0 M & N
96
68 M ay
98% S e p t
114 D ec.
3 0 , 7 s .....................................1906 M A N 107
98 M ar. 1 10 S e p t.
109
A ug.
F a o . o tM o .—ls t ,e x . ,4 g , 1 9 3 8 F & A 1 03 b. 1 00 A p r. 1 03 J u ly
118*% D eo.
2 d e x t 5 s ......................... 1938 J A J “1 08 b. 100 A p r. 109 D ec.
9 5 S e p t.
S t. L .A Ir.M t.A rk . B ,,5 9.1935 J A D 106% b 103 A p r. 107% N o v .
108% M ar.
1 s t e x t., g .. 4 %g.............1917 F A A *107 b. 104 J u n e 108 D ec.
115 M ar.
G e m R ’y A ia iu lg r .,5 g .l9 3 1 A & O 88*8
90% S e p t.
67% M ay
118 F e b .
M oblleA O M o—N e w 6g ...1 9 2 7 J & D 121% 116% J u n e 124 N ov.
104% F eb.
G e n e r a l m o rtg a g e , i s . . 1938 M & S 7 7 %
78*4 D ec.
6 5 A p r.
9 0 F 6b.
N a s h .C h .A 8t . D - 1 s t, 7 s . .1 9 1 3 J A J *131%b. 127% J a n . 133% J u n e
________
1 10% D e e
C onsoL . 5g .......................... 1 9 2 8 * A O 103% a. 98% J u n e 103% N o v .
101% J u n e N . Y .O e n tra l—D e b te x t.4 s .1 9 0 5 M A N 103% b. 101% J a m 105 J u ly
103*4 J u u e
1 s t, o o n p o n , 7 e ...................1903 J A J H 9 b. 117% J a n . 121% A p r.
-----121% J' u n e
D e b e n .,5 s , c o u p ., 1 8 8 4 ..1 9 0 4 M A S l l " % b 1 06 M ar. 112 A u g ,
12* % J u l v ;
2
N . Y . A H a rle m , 7 s, re g .,1 9 0 0 M A N 1 0 8 7gb. 1 07 O ct. 11 4 M ar.
1 1 3 S e p t. 1 R .W . A O gd., o o n so ls, S s.1 9 2 2 A & O 1 19 b 117% J a n . 121% J u l y
85% A u g .
W e s t8 h o r e ,g a a r „ 4 s ___ 2361 J A J 111% 1 05 J a m 111% N o v .
1 06% D ee. 1 N. Y. Ohio. A S t. L .—4 g . . . 1937 A A O 106% 103% A pr. 1 08 S e p t
95 Dec.
N . Y. L a c k . A W .—1s t, § s . . 1921 j & J 141
1 36 M ar. 1 41 D e c.
120% J a n e
C o n s tr u c tio n , 5 a ........—.1 9 2 3 F A A 117 b. 1 16 S ept. 118% A ug.
106 % D eo.
N.
—Con. d e u . o tf^ A & O ‘ 1 4 0 b. 132% F eb. 1 4 2 S e p t,
110% A u g . N. Y, O n t. & W.—B e t 4 s , e .1 9 9 2 M A 9
963*
9 9 A ug.
88% J a n .
100 D eo.
C onsoL . 1 s t, 5 s, g .......... —1939 J A D 107%
1 07 D ec. 111 M ay
: 97% D ec,
N .Y .8 US.A W .ls tr e f .,5 s , g .1 9 3 7 J A J 1 06 b. 1 00 J a m 1 07 S e p t
!122% J u ly
G em 5 g ..............................1 9 4 0 F A A
8 6 %a. 68 J u n e 90% S e p t
115 A pr.
M id la n d o f N. J „ 6s, g. ..1 9 1 0 A A O 120 b. 116% A p r 121 S e p t.
130 N ov. N or. A W. R y.—1 s t, o o n s.,4 g .’9€> A A O 7 7 %
80*8 S e p t
67% A p r.
1 0 3 O ct.
N o -P a o tb o —1 s t, co u p . 6 g .l9 2 1 J A J 119% b. 113 J a n . 122% S e p t
112 J a n .
P r io r lio n , ry . A l.g . 4, g .1 9 0 7 Q —J
94%
94% D ee.
85% J a n .
106 D ee
G e n e r a l lie n 3 g ................2047 Q —
F
60%
0 1 % S e p t,
51% A p r.
83 % S e p t. No. P aolflo T e r. Co—6g ___1938 J A J 100%
97% M ay 11 0 M ar.
142 S e p t. O hio A M iss.—C orns.f., 7 s . 1898 J A J 103 b. 102 A u g . 106 J u n e
120% J u n e O hio S o u th e rn — 1 s t, 6 g . . . l 9 2 1 J A D ' 8 0 b. 7 7 N ov. 9 0 J a m
120% Dec.
G e n e ra l m o rtg a g e , 4 g . . l 9 2 1 M A N *110 a. t 8% A pr.
18 S e p t.
118 D ee.
O re g o n lm p r. Co.—I s t 6 g . . l 9 1 0 J A D ! 10 1% I 84% J uue 105 * S e p t.
,115 N ov.
C onsoL , 5 g ......................... 1939 A A O I 42%
15 F eb. 14 9 i S e p t
1 1 6 % N o v . O re .R .A N a v . Do.— 1st, 6 g .l 9 0 9 ,J A .1 110
110 J a n . 116% D ec.
1 1 5 ^ Deo.
R R . A N av . oonsoL , 4 g ,1 9 4 6 iJ A D
92%
94*4 S ov.
8 0 J am
1 0 6 D ec.
O reg. 8h. L in e - l a t , 0 s , g . . l 9 2 2 |F A A 123% t l l l % J a m 1 2 4 D e c.
1122 D ee.
98%
1 st, con. 5 s, g ......................1946 J & J
86 J u ly
99% D ec.
147 J u ly
N on-cum ul. iuo. A , 5 s ,..1 9 4 i: S e p t.
58
61% A ug.
4*1 J u ly
121% M ay
P e n n . C o.—4 % g ,c o u p ........1921 J A J 115% a, 109% J a m 1 15% D ec.
I12O A ug. P e o . D eo. A E v a n s v .—0 g .1 9 2 0 J & J 10 4 %b. 92 M ay 1 04 F eb.
-----113% S ept.
E v a n s . D iv is io n , 6 g ....... 1920 m a s .............. 91 J u n e 106 F e b .
117% J u l y
2 d m o rta g e , 5 g .................1926 M A N M 1 3 b, (1 0 M ay
27% J a n .
--110% Sep
p u t s Sh. A L. L \, 1 st, 5 g .1 9 4 0 A A O 105%!). 95 J a m 1 09 A u g .
100 J u ly
M
P itts b u r g A W e s te rn —4 g . 1917 J A .1 77%
00 J u n e 78% O o t
137 O ct.
K e a d ln g C o ,—G em , g. 4 s .1 9 9 7 J A J
85%
86% S e p t
80% A pr.
118 D ec.
83 %
R io O r. W e e te ru —1 s t 4 g . . 1939 J A J
83 % S e p t
70*a M ar.
131 J u n e 8L J o . A G r Is L —2 - 3 - ls .. 1947 J A J
70%
62% J u n e 70% D ec.
108 J u n e 8 t D A S a n F r — 6 g ,C L B .1 9 0 6 M A N 114 %b, 11 2 J a n . 110% O ct.
106% D ec,
G e n e ra l m o rtg a g e , 6 g . , 1931 J A J 119
D eo.
108% J a m 1 19
1 3 6 Hi N ov.
G e n e ra l, 5 g ..................
1931 J A J 104%
9 4 % J an. 104% D ec.
47% S e p t.
75%
R a ilro a d , 4 * .......................1996 J A J
75% D ec,
82% J a m
103 A uk . 8L D A S o . IV.—1 st, 4s, g .1 9 8 9 M A N
73%
59% A pr.
76*8 S e p t
135 OeL
27 %b, 15 A pr.
2d , 4 s, g .. in c o m e .............. 1989 J A J
31 % A ug.
128 Nov* B LP.M .A M .—D a k .E x .,6 g .l9 1 0 M A N 121
116% J a m 122% J u g
C.C.C<fe6LL.— t.L .D lv.,4a.l09( i-M A N 1 04 %b, 90 Sept. 9 6 1 A p r.
S
*
1 s t c o n so l., 6 g . ................. 1933 J A J *128% b. 123 J a m 1 3 0 D ec.
P e o r ia A E a s te r n , 4 s___1040 A A O * 7 7 a. 68 J u n e
81 A uk .
no
to 4 %
102% J a n . 108 D eo.
re d u c eeddto 4% g .. . J A J 1 08
g o L A 9 t h A ve. g o . 5a, g ..l» 9 m M A s ,U 1 9 b. l l 5 % M a r. 120 J u ly
M o n ta n a e x t-e n S i o n ,4 g .1 9 3 7 J & D
J s lo , !
95 A ug.
87% J a m
C oL H .V aL A T cL —C o n J j g . l 9 3 liM & 8 » 7 3 b. 03 Fob.
88% J a n .
8 a m A n t.A A. P .—ls t,4 g .,g u .'4 3 J A J
63 A u g .
54% J a m
60
G e n e ra l, 6g ...... .................. 1904 J A D - 5 2 b. 4 9 % F e b .
87 J a n .
Bo. C ar. A G a .—1 s t, 5 g . ,. 1 9 1 9 i f A N 95%
96 S e p t
87% F eb.
D e n v .A R lo U r .—1 s t . 7 s ,g .1 9 0 0 M A N 108% 108 N ov. 1131* A p r.
8o. P aolflo, A ria .—6 g . . .1 9 0 9 -1 0 J A J 101 b. 9 0 F eb. 104 D ee.
1 s t C onsoL , 4 g ,................1 9 3 6 .1 A J
9 0%
87% J u§ 8
_ ly
9 0 Dvo.
So. Paoltlo, C aL—6 g . . . 1905-1 A A O '1 0 8 b. 1 05 % O ct. 109 S e p t
D u l A Ir o n K’go - ls t,5 « .1 9 3 7 ;A A O; 103
97 b Ju n e '10.5 ^ S e p t.
1 s t o o n s o l..g o ld , 8 g ........ 1937 M A N 1 92 b. 85
94
Feb.
D ec.
O mLSo. B h .A A tl.—5 g . „ . 1 9 3 7 !J A J> 105 b. 9 9 4 J a n . ^106 Deo.
8o. P aolflo, N . M .—6 g ........ 19H J A J 107 b. 102 J a n . 103% D ec.
E d iso n EL LlL—1 st,e o m g .S s.’95 J A J 114 b, 104% J a m 1 14% J u n e S o u th e rn —1 s t oona. g, 5 s . 1994 J A J
87% M ar. 9 5 S e p t
94%
E r i e - * , g, p r io r b o m l s . . . . l 9 9 6 lJ A J
92%
88% .May
95*3 Feb.
E . T e n n .re o rg , Ile a 4 -5 s . 1936 M A S
92% N ov.
93 b. 8 6 M ay
G e n e ra l, 3-4 . g ................. 1 9 9 6 J A J
71%
02 M ay
73 S ept.
E .T . V. A G .—1 s t,7 g . — lyOO J A J 110 b 107% J a m 111 J u n e
E r ie R y .—1 s t, c o n ., 7 * . . 1 9 2 0 i f A S *144% b. 139% M ar. 145 D ee.
C o n .5
1956 M A N 110% 107 J a n . 112 A ug.
L ’g B o o k , c o n so l., 6 g . 1 9 3 5 A A O *130%b. 133% J a m 136 M ar.
G e o rg ia P a c . I s t5 - 6 s , g .,1 9 2 J A J .............. 107% J a m 1 20 N ov.
F t . W . A D e n , C ity .— i-6 g.1 9 2 1 J A D
09
53 J a n .
7 6 S e p t.
K n o x v . A O hio I s t 0 s , g . . l 9 2 3 J A J 111! b. 112 J a m 116% J u n e
0 aL B .A S * d. a d -M .A P .D .1 s L 5 i i ,M A N 91 bJ 88 M ay
93 OeL
R loh. A D a n v . com 6 e ,g ..l9 1 J A J 124 %b. 117% J a m 124% J u n e
G en . E le c trlo .d e b . 5 s . g . . . l 0 2 2 .1 A D
9 9 b. 90% J a n . 102% N ov.
W e e tN o .C a r ls to o n .6 s ,g l9 l4 J A J Ii3 » e b , 111% J a n . 110% J u n e
H o n s. A T . C e n t g e m 4 s ,g ,1921; A A O 79%
85% A p r.
81 Deo.
S ta n d a r d R o n e A T .,lst,0 g .l9 4 (> F A A 5 9 b. 59% N ov. 79% J a m
IlU n o ls C e n tr a l. —i s , g----- 1953 M A N 100% b. 9 9 % J a n . 103 Jan*
T e u n . O 1. A R y —T en. D .l s t , 6g A A O 83 a. 79 J u n e 89% S e p t
W e s te rn L ln e e , 1 st, 4 « ,g . 1951 F A A 1 0 4 %a. 100% F e b . lOS^s M ay
8 5 b. 79 A p r.
B irm in g h a m D lv ., 6 g . . . 1917 J A J
91 S ept.
I n L A G r e a tN o r.—ls t,6 a ,g I 019LM& N 1 2 0
117 M ay 124 Sept* T e x a s A P a c in o — 1 s t, o g ..2 0 0 0 J A 1) 98
85% J a m
9 8 Deo.
3 d , 4 % -5 s.............................1 9 0 9 .M A 8
- ’ - 3 Jan8 4 - ab. 7 *
86^ Sept
18 A p r.
2d , ln o o rn e , 5 g ___„ . . „ 2 0 0 0 M a rc h
33% A u g .
80
88 A p r. 100 N ov, T o l e d o * O b lo O e n t. 5 g . . 1935 J A J 100 b. 101% O c t 108
le v r a C e n tra l.—l s t , 5 g ___1 9 3 8 J A D
98 S*
Feb.
E a n .C .P .A O —1 s t A o o L g .5 s'2 3 A A O 81%
S3 N ov. ToL S t. D A K a m C .—0 g .,.1 9 1 6 J & U t 89%
7 7 »4 O c t
06% M ay (9 1 S e p t
5 7 a. 44 F e b . ______ ____t
SUngs Co. E l e v . - l s t .5 g . .1 9 2 6 J A J
Oc
U n io n Paolflo—0 g ____ ___ 1898 J & J 102%
01% S e p t. 105 F e b .
L a c le d e G a s.- 1 s t , 5 s ,g . „ 1 9 1 9 q — F 103
93 J a n . 1 0 3 ^ A uk .
1
85 J a n . f 121 S e p t
E x t . s in k in g f u n d , 8.........1899 M A S 1112
. .
June
L a k e E-------- -- M t.—5.g. ’.I.”. --------- ‘ &* . 1 1 7 b . 1 1 3 1* J a n . U s
rie A W
Iy fl7 j
J
C oliaL t r . 6 s, g. n o te s ...1 9 0 2 F A A 1 43% 140% Oot. 103 J u ly
JL B hore.—C o n .o p ., l6 t.7 s .1 9 0 0 .1 & J 11 1%6. 10!)% A ug. 114 J u n e
P u r c h a s e m o n e y c e r t s ............
11 0 D ec. 111*4 D ee.
110
C onsol. o o u p „ 2 d , 7 A ....1 9 0 3 J & D H 8 %b. 119 J a m 124% M ar.
113% J a n . 120% O o t
K a n .P a o .- D e n .D lv .,8 g .l 8 9 9 M A N
G old, 3 % s ............................1 9 9 7 J & D 101%
10'2 % S c p t 105% N ov.
167 J a m (1 0 3 S e p t
le to o n s o L , 6 g . . „ ____ 1919 M A N 1 85
J e h .V a l.T e r .—1 s t, g u .. 5s. 194X(A A O 112 b. 100 A p r. 112 A ug.
3 3 A p r.
5 3 7g S e p t
U .P .D e m A G n lf,o o a .,5 g .l9 3 9 J A D t 51
L e x ,A v .A P » v ,F .g n .5 » ,g 1093 M A S 120
115% M ar. I l3 0 J u ly
U. 8. L e a th e r —8. F-deb.Og. 1913 M A N 11 5
1 10 May- 116*4 O o t
L o n g I s la n d .—1 s t o o m ,,5 g .l9 3 1 (4- J
115 b .T 1 3 J a n . 119 M ay
V lrg ln la M ld .—G e m iL , 5 8.1936 M A N *103
1 0 0 J a n . 104% S e p t.
G e n e ra l m o rtg a g e .4 g . . . 1938 J & D
84
7 0% J a m
91 S e p t. W ab a sh —1 s t, 5 g —
1939 M A N 107% lO l^ a J u n e 108 % O o t
E e n la A N a s m —C o n s ,7 s ..1 8 9 8 A A O; 102%b, 101 N o v . 106% M ar.
2 d m o rtg a g e , 5 g . . — . —.1 9 3 9 F A A
81
81% Deo.
63% A pr.
E .O . A M a b B e , ls t ,6 g .,.1 0 3 O J
A J '1 2 1 b, 1 1 6 J a m 123
J u n e W e s tN , Y. A P a .—I s t , 6 g . l 9 3 7 J A J *108 %b. 104% J an. 109% J u n e
3 d . 0 g .. 1 9 3 0 J
A Ji 1 0 7 b. 9 8 % J a n . 1 0 7
A ug.
G en.2-3*4a, g o ld — . . —1943 A A O 47
50 Feb.
4 3 M ay
G e n e ra l, 0 g ................... . . . 1 9 3 0 JT & D ,»110% b. 1 15% J a n . 1 1 9
O ot
W e s tU m T a h —CJoLW, fie ..1 9 3 8 J A J 109% b. 108% J a m 1 09% N ov.
D n M e d , 4g ..........................1 » 4 0 'J A JO 87 %
78 % J a n . 1 8 7 % D ec, W ise, C en t. O o .l s t 5 s ,g . ., 1 9 3 7 J A J t 3 4 %b. +28 M ay (4 0 M a r .
N o t e .—“ b ” in d ic a te s o rlc e b id ; " a "’ p ric e a s k e d : th e r a n g e Is m a d e u p fro m sa le s. 'L a t e s t p ric e th is w eek. ( T r u s t re c e ip ts . 162%% p r im p d .
SEW YORK STOCK EXCHANGE PR IC E S-(C ontInueill,-riV rA05r F ^ BONDS- DEO 10.
T
a S O U K lT lK a ,
Railroad Bonds.
(S to c k S z e h o n g e P rices.)
A la b a m a M id.—1 s t , g . ,g n a r .. 1928
A 'e h T o p e k a A S an F r a n —
E q u ip , tr u s t , se r. A, 5s, v 19 0 2 '
G tte a g o a » t ( sju .—l« t,H s 1915
A lla n . A v e ., B k l y n - l m p g . 5s. 1931
A tla n . A D a n r .—1 s t, e g , ..19501
A sk,
S E C U R IT IE S .
B id .
S a it. A O hio - 1 s t, 8 s, P a r k B . 1919 103 7
n
6s, g o ld ___—............................. 1925
78
C ons, m o r t , g o ld , 5 8 . . . —. ., 1988 •90
W V a. A P i t a . —'s t , g . , 5a. 1990
B. A O. 8. W . , l s t , g., 4 % n .. 1990
99
M o n o n . R iv e r, l e t , g., g, 5 s. 1919
C e n tT O h lo R e o .—ls t,4 % s 193
*97%
A k .& C h .Ju n o .- -1 s t.g .S s .g u 1030
B ro o k ly n E le v a te d —2d, 5 s .. 1 9 :5 ..........
S e a sld e A B .B .—1 s t,g ,5 s,g o . 1+42
Ask.
S E C U R IT IE S .
B ra n sw lo k A W n —1 s t, g . , 4 s . 1938
........ | B uif.R . A P i t t s —R. A P . 1 s t,6 s . 1921
R ooh. A P i t t s . —G o n 8 .Ist,0 s.I9 2 2
C le a r .* M ah.—ls t,g m ,g ,5 s .l9 4 3
.......... Bufl'. A S n s q n e h .—1 s t, 5 s, g . . I 9 I 3
B u rl. C eiL H ap. A N o.—1 s t, 5 a .1 9 0 6
C onsol. & ) >11 a t. tr u s t , 5 s . .1 9 3 4
..........
M in n . A 85. 0. 1 s t 7 s , g n . . 1927
C ed. R a p . C F A N „ 1 s t, 68.1920
1 st 5 s .......................................1921
" io "
B id .
124
121
118
A sk .
..........
106% 108
105
..........
10G 108
rHE CHRONICLE,
1108
fVoL. LXV
NEW YORK STOCK EXCHANGE PRICES.- I N A C T I V E B 0 N D S —f C o n t i n n e d ) —D EC. 10.
S E C U R IT IE S ,
B id.
A.8K
S E C U R IT IE S .
B id.
Ask.
E r ie —(O o n .)—
B.OMO—Ool. A01n.M.lst,4>4S.1931
B id . A S . W.—M o rtg . 6 s ___ 1 9 0 8
Oent. RR. A Bank. -C o l. g.Ss.1937 * 8 8 ' 92'
•ette rso n —1 s t, gn. g 5 s ___ 1 9 0 9
D»»t. Ry. of G a.—
40
l o t i + R R . - 6 S ............. ..........1 9 2 2
38
1st, prof. Income, g., 5s ....1 9 4 5
*v,sV A T ijio i.i s t6 s . o n rio y .1 9 1 3
14% 15
2d. pref. Income, g., 5 s ....... 1945
N . Y. A G r’n w ’d L .—G u .g .5 s .l9 4 6
•7%
3d, prof, lnoome.g., 5 s .........1945
v . a n s . A T . H . - .sr, oonB .,68.1921 113
Mac. * Nor. Dlv., le t, g., 58.1946
80
75
*s t, g e n e r a l, g ., 5 s ..................1942
. Mobile Div., 1st, g., 5 s ....... 1946
Wt. V e rn o n 1 s t 6 s ......................1923
Oeat. of N. J .—O o n v .d eb .,68.1908
Sol. Co. B r. 1 s t, g ., 58............ 1 9 3 0
Oe at. Paoifio—
_
___
E v a n s . A I n d ia n .—1 s t, c o n s - 1 9 2 6
E x t. g. 5s, series A B C D ..1 8 9 8
F li n t A P . M arq .—M o rt., 6s. - 1 9 2 0 113 115
Gold 5s, series E ....... .. . . . . . 1898
87*4 88
1 s t, oon. g o ld , 5 s — .............1 9 3 9
San Jo ao u ln B r., 6 s .... . . . . . 1 9 0 0
79
82
P t . H u ro n D lv .—1 s t, 5 s ___1938
Wort, gold 5 s .......... ..............1939
F la . C en A P e n .—l s t g . 5 s ——1 9 1 8 105
Land g ran t, 5s, g...............1 9 0 0
1 s t, 1. g.. e x t. g ., 5 s — ......... 1 9 3 0
Oal. & O. D lv., e x t.,g . 5 s . - 1 9 1 8
1 s t oon. g ., 5 s ............................1943
West. Paolflo—Bonds, 6 s__ 1899 *103*3
F t. W. A Rio G r.—1 st, g., 3-4 8 .1 9 2 8 *58*4 59
No. Railw ay (C a'.t—1 st, 6 s .1907
93
G a .A A la ., 1 st, p re f., g. 5 s . . .1 9 4 5 101 103
50-year 5 s.......................... 1938
G a. C ar. A N o r.—l s t . g u . 5 s ,g .l9 2 9
Oent. W ashington—1st, g., 68.1938
Illin o is C e n tra l—1 s t, g ., 4 s . —1951 113
C kas. A 9av.—1st, g., 7 s ........ 1936
1 s t. g o ld , 3*48........................... 1 9 5 1
103*3 104*8
Ohes. A O.—P u r. M. fu n d , 6 s .1898
G o ld 4 s .........................................19 5 2 1 0 2
Oialg Valiev—1 st, g., 5 s— 1940
2 -1 0 g., 4 s .................................1 9 0 4 ■99
Warm 8pr. V al., 1 st, g. 5 s ..1941
C airo B rid g e —4 a ......................1 9 5 0
Ell*. L.A Big Sandy—G. 58.1902 101*4 103
S p rin g !. D iv .—C o u p ., 6 s ___ 1898
Ohloago d; Alton—8. F ., 6 s — 1903 112
M id d le D iv .—R eg ., 5 a........... 1921
Louis. & Mo. R iv er—1 st, 78.1900 110 111
O. S t. L . A N . O .—
Sd, 7 s ....................................1900
G o ld , 5 b, c o u p o n .................. 1951 123%
St. L. Jack s. & Chic.—2d, 7S.1898
M em p . D lv ., l s t g . 4 s ........1951
Miss.R. B ridge—1 st, s. f., 68.1912
Ohio Bnri. & Nor.—l e t , 5 b. . . . 1926 107*3
90
Ohio. Burling. & Q.—5e, B. I..1 9 0 1 103*4
.....
low a Div.—Sink, fu n d , 5 8 -1 9 1 9
*43
100*4
I n t, A G. N’n .—3 d , 4 s , g ......... 1921
8 1 n lL g fu n d ,4 s ....... .
1919
37
36
Plain, 4 s.................................. 1921 -9 7
L a k e E r ie A W est.—2 d g ., 5 8 .1 9 4 1 1 0 2 % 103
Chioago A Io w a Dlv.—5 s .—
1905
99
100
C lo. & In d ian a Coal—1 s t 5 s .1936 100
N o rth ’n O hio—1 s t, g u . g. 5S.1945
C l.M il. & 8t. P .—1 st,8 s,P .D .1898 103*8 103*4 L. 8 . A M .Son.—B .A E .—N e w 7 s . ’98 102%
D e t. M. A T .—1 s t, 7 s ..............1906
2d, 7 3-1 Os, P. D ................... 1898
L a k e S h o re —D iv . b o n d s . 7 s . 1899 *105*3
1st, 7s, $ g ., R .D ................... 1902 140*
C ln.A 3 —ls t,g u .L .S .A M .S .7 s .’0 1
1st, 1. * D., 78...................... 1899 140
K a l. A ll. A w . R .—1 s t g u . 58.1938 120
1st ,C. & M., 7 s ...................... 1903 149
M ah o n ’g C o al R R .—1 st, 5 s . 1934 124 125
1st, I. & D. E x ten sio n , 78—.1908 141
1st, La C. & D av., 5 s ...........1919 1 )4
L eh ig h V .jN .Y .—1 s t g u .g .4 * s s.l9 4 0 103*3
1st, H .A D .,7 s .....................1910 131
L e h ig h V’y C oal—1 s t 5 s,g u .g ,1 9 3 3
91
94
l s t . H . A D .,5 s .....................1910
L eh ig h A N.Y.—1 st, gu. g. 4s. 1945
i
Chicago & Pacific D lv., 68—
1910 i ‘ i% 123
E lm ira C . AN., l s t .g .le tp f . 6 s .l9 1 4
M ineral P o in t Dlv. 5 s...........1910
G u a r., gold, 5 s .................. 1 9 1 4
0. A L. 8up. D lv - 5 s............ 1921 115*4
L lto h f. C ar. A W e s t—1 s t 6s. g .1 9 1 6 “*■••• ........
F argo A 8 outh., 6s, A s s n ...1924 119
L ittle R o ck A M.—1 s t, 5s g - 1 9 3 7
.....
no. oonv. Blnk. fu n d , 5 s ....1 9 1 6 107
L o n g I s la n d —1 s t, 7 s ................ 1898 101*3
D akota A G t. South., 5 s___1916 113*3 114
91
F e rr y , 1 s t, g „ 4 * is .................. 1922 *85
MU. A Nor. m ain line—6 s. ..1 9 1 0 120
G o ld 4 s ....................................... 1932
115
®hlO.ANorw.—30-yeardeb.5s.'l921
N . Y . A R ’w a y B .—1 s t, g. 5 s . 1927
■ soanaba A L. 8 . 1st, 6 s—..1 9 0 1 >110
2 d m o rtg ,, In o ....................... 1927
D esM . & M inn.—1st, 78— 1907
N .Y .B .A M .B .—1 s t con. 5 s ,g .l9 3 5
Iow a M idland—1st, 8 s ......1 9 0 0
B ro o k l’n A M o n tan k —1 s t,6 s. 1911
Ohio. & M ilwaukee—le t , 7 b. 1898
1 s t, 5 s .........................
1911
Win. A St. P .—2d, 7 s............ 1907
No. S h o re B r.—ls to o n .5 s ,g .l9 3 2
119
HU. A Mad.—1st, 6 b............ 1905
L o n ls .E v a n s .A 8t. L .—C o n .5 s.1 9 3 9 *30
O tt. O. F. A St. P .—1 st, 58. 1909 T 0 9
L o u is. A N a s h .—CecU. B r. 7 8 -1 9 0 7
Northern 111.—1st. 5 s......... . 1910 -109
E . H . A N a sh .—1 s t 6s, g ___ 1919 iTi"
MU. L. 8. AW,—C on.d eh „5 s.l9 0 7
P e n s a c o ia D iv isio n , 6s ........ .1 9 2 0
Mioh. D iv., le t, 6 s.............. 1924
S t. L o u is D iv isio n , 1 s t, 6 s . . . 1921
Ashland D ivision—1st, 6s 1925
2 d , 3 s ........................................ 1980
Ok.R.LAP—D .M .A F.D .lst4B.1905 *85
N a sh v . A D e c a tu r—1 s t, 7 8 - 1 9 0 0 107
1st, 21*8................................1905 68
8. f .,6s . - S . A N . A la ...............1 9 1 0
E xtension, 4 s .....................1905
5 0 -y e a r 5 s, ................................ 1937
99
Keokuk A Dea M,—1 st,5 6 -1 9 2 3 106 108*4
P e n s . A A t . - 1 s t, 6s, g o ld ... 1921 103
Ohio. St. P. A M inn.—1 s t,6 s.. 1918 9 30
C oU at. t r u s t , 5 s , g ........— .1 9 3 1
99*s 101*3
8t. P a u l A S. 0 .—1 st, 6a___ 1919 130 132
L A N . A M .AM .—1 st,g .,4*381945
Ohio. A W. In d .—1 st, 8. f., 6s. 1919
N a sh .F lo r.A 8.—1s t, g u ., 5 s . 1937
Gen. g., 6 s................................1932 119
So.A No. A la., oon. gu. g., 5S.1936 *93
Chic. A West. Mich.—5 s .........1921
K e n tu c k y C e n tra l—4a, g ..1 9 8 7
88
89
Oln Ham . A D.—Con. a. f., 78.1905
L. A N .—L o u .C .& L .—g. 4 *36.1931
*d, gold. 41*8-.......................1937
L o u .& Jefi. B dge Co.—G u .g ,4s . 1945
Oln. D. A Tr’n —ls t.g u . 5 a,g .l9 4 1 110
L oulsviU e R y—1 st, c o n .,g .,58.1930
C ity A Sub. (Balt.)—1st, g., 5 s.1922
M em p h is A C h ari.—6s, g o l d - 1924
Olev.Ak. A C o l.-E q . A 2d 68.1930
M ex ic a n C en t. C onsol.—4s, g .1911
71
C lev.A C an.-Tr.otf8.forl8t5a.1917
1 s t, oons. in c o m e 3 s, g ____ 1 9 3 9
0 .0 . C. A St. L .-G e n .,g . 4 8 -1 9 9 3
2 d c o n s, in c o m e 3 s. g ..........1 9 3 9
Cairo division, 4a................. 1939 *89*4 91* M e x ic a n I n t e r n a l —1 s t, g. 4S.1942
Spring. ACol. Dlv.—1st,g. 4s. 1940
M e x ic a n N a tio n a l—1s t, g ,, 68 1927
WhlteW.Vai.Div.—lst,g . 4a. 1940
2 d ,in o o m e , 6s, “ A ” _______ 1 9 1 7
Cln.Wab.AM.Dlv.—let,g.48.1991 *90
92
2 d , ln o o m e , 6s, “ B ” . . . ........ 1 9 1 7
Cln. I. St. L. A O.—Ist,g „ 4 s.l9 3 6 *100*4 102
M ich ig an C e n tra l—6s ..............1909 *119
Consol , 6 a .............. .............. 1920
C o u p o n , 5 s ..................................1931 127*3
C1n.8an.ACl.—C on.lst,g .5 s, 1928 110
M o rtg a g e 4 s .............................. 1940 *109
Ind ian a B. A W.—1st pf.7s.1900
B at.O .A 8 trg is.—I s t,3 s ,g .g u .l9 8 9
Ohio Ind.AW.—lB tpref. 5 s ..l9 3 8
M in n .A St. L . - l s t , g . 7 s - . . . : i 9 2 7 142*3
P eer. A E ast.—In co m e4 s ..1 9 9 0
18*4
I o w a E x te n s io n , 1 s t,7 s........1909 124
0 . Col Oln. A Ind.—1st, 7e,s.f.l899
S o u th w est, E x t. - 1 s t , 7s.
1 9 1 0 124
Consol, sink, fu n d , 7 s...........1914
P ao ifio E x t .—I s 1,6s ..............1921 122
Oln. ABpr.—1 st J3.0.C.AI.78.1901
110*4 M o .K .A T e x .—1s t, e x t., 5s, g .1944
Cleve. L orain A Wh.—1st, 5 s .1933
M o.K .A T .of T e x .ls t,g u .5 s .g .l9 4 2 "8*1*3 82*s
Cleve A M ah .V .—G o ld ,58—.1938
K a n s a s C ity A P . , l s t , 4 s , g . . l 9 9 0
67
72
001. Mid. 1 st, g., 6s. a s s td _ 1936
_
D a l. A W a o o - l s t . 5 s, g u „ ..1 9 4 0 *78
Tr. etfs., oon.,4s,2d ass’tp d .1 9 4 0
M isso u ri P ao ifio —T r u s t 5 s .. 1 9 1 7
71*3 75
Del. Lack. AW.—
1 s t 00U., 5 s, g .........................J l9 2 0
70
71
Mori. 7 s................................... 1907
M obile A O hio—1 s t e x t., 6 s . . . 1927
119
8yra. Bing. A N. Y.—1st, 7S.1906
S t. L . A C a iro —4s, g u a r . 1931
Morris A Essex—l e t , 7 s___1914 *141 143
N ash. C h a t. A 8 t. L .—2 d , 6 s .. l 9 0 1
107%
Bonds, 7 s..............................1900 109
N. O. A. N o. E .—P r 1„ g „ 6 s ..l9 1 5
Ts of 1871............................ 1901
113* N .Y .C e n t r a l .- D e b . g. 4 s . . . . 1905 103
1st, c o n - g u ar., 7 s............ 1915 *140*4 142*4
N . J . J u n o —G u a r. 1 s t, 4 s . ..1 9 8 6 104*3
—W arren - 2 d , 7 s ..................... 1900 108
B ee c h C re e k —1 st, g o ld , 4 s . . 1936
D.AH.Can.—P a.D lv.,ooup.7s.l917 145
O sw . A R o m e—2d , 5s , g . , g u . l 9 l 5
Albany A Snsq —lB t.g n .,78.1906
125
U tlo a A B l B iv . - 4 s , ’ ,’|u . l 9 2 2
/
1st, cons., g u ar., 6s...........1906 116 118
N . Y.
PUT.. — l « t ,
fifU.l QQ3
Rees. A Bar. 1st, 3oup., 7s.l9 2 1
N .Y . A N o r th e r n —1 s t, 5s,g.’l9 2 7
D ent . Tram w ay—Cons. 6 s ,g .l9 1 0
N . Y. N. H . A i l . —l e t , rev. * s .l9 0 3
Metropol. Ry —ls t,g u . g .6 s .l9 ll
H o n sa to n lo —C ons, g o ld 5s. 1937 122
D an'. 4 R, o - I np g , 5s . . 1 0 2 8 *84
87*3 „ f '.H a v ’n A D erb y ,C o n s. 5s. 1918 112
Des Moines U n.R y.—lst,g .5 s,1 9 1 7
;
8
W
d , 4*46.1937
85
Det.M. A M.—L. g,
s,ser.A.1911 *17* 1*8* S TT .rm ? 8q,- *1 st, est —2 ..............1943
e
in a l,
c. 5 s
Det. A Mack.—1st Uen, 4 s ,g ..1995
W ilk.A E a s t.—1 s t,g td .,g .5 s. 1942
4s, gold.......... ........................1995
N o rth e rn P ao lflo —
E rie—1st, ext. g. 4 s............ —. 1 9 4 7 111 112
8t.P a u l A N. P .—G e n ., 6 8 - 1 9 2 3 128*3
2d, extended, 5 s .................... 1 9 1 9 *119*3 123*3
3d, extended. 4*ss..................1923 *113 116*8 N o rfo lk A S o u th ’n —1 s t, 5 s ,g .1941 104*3
N o rfo lk A W est.—G e n e ra l, 68.1931 122
125
4th, extended, 5s................... 1920 *119*8 123
N e w R iv e r 1 s t 6 s ....................1932 *120% . . . . .
5th, extended, 4s................... 1928
Im p . A E x t., 6s . . ......................1 934
1st. con., e „ P d, 7 s ...............1920
Col. C o n u .A T er..lst,g i{ .g .5s. 1922
B. w. 1 , A E ._ 1st. vo ___ i o i h 138*4
my
1No prlo eF rli
S o lo to V A N .E .—Is t,g u .g .4 s .l9 8 9
a y ; th ese are th e la te s t q u o tatio n s m ade th is week.
82*41
S E C U R IT IE S .
B id.
A sk.
O hio A M iss.—C onsol. 7 s ........ 1898 103*e
2doonB O l. 7 a ......................... ..1 9 1 1
B p rin g .D iv .—l s t 7 s ................. 1905 103
105
G e n e r a l 5 s ......................... . . . . . 1 9 3 2
O hio R iv e r R R .—1 s t, 5 s ........... 1 9 3 6
G e n , g . , 5 s ................................... 1937
O m a h a A 8 t. L o u is.—1 s t, 4 s .. 1937
87
O re g o n S h o r t L in e —
U ta h A N o rth .—1 s t, 7 s ___ —1 9 0 8 117
G o ld , 5 s ....... ............................ 1926 101
N on-cum . in c . B . a n d ool. t r u s t — *38*4
P e n n -P .C .C .A S t.L .C n ,g .4 * ssA 1 9 4 0 111*4 112
Do
do
S e rie s B 1942 111*4 111%
Do
do
S e rie s 0 1 9 4 2
Do
do
S e rie s D , 4 s , 1945
P . C. AS. L .- ls t,0.,7 s .................. 1 9 0 0
P it ts . F t . W . A O.—lB t, 7 S ...1 9 1 2
2 d , 7 s ....................................... 1912
S d , 7 s ......................................... 1912
C h .8 t.L .A P .—1 s t,o o n .5 s,g . —1 9 3 2 117*4
C lev. A P .—C ons., s. f d ., 7 8 .1 9 0 0 107*3
G en . 4*48, g ., “ A” .............. 1 9 4 2
Do
do
S e rie s B 1942
S t. L .V . A T . H . —1 s t , 6 s . , 7 s . 1897 101
2d, g u a r., 7 s ............................1898 1 01
G d .R .A I.E x t.—l e t , 4*48,G .g. 1941
A lle g .V a l.—G e n ., g u ., 4s, g .1 9 4 2
N .A O in .B d g .,g e n .g u .4 * s s .g .l9 4 5 ___
P e n n .R R .—1 s t re a l, e s t g. 4 s .l 9 2 3 | . . . . ,
C le.A M a rita —ls t.g u .g .4 * a s . 1935 *107
L X n ited N .J.R R .& C .~ G e u .4 s.l9 4 4 *114
D .R lv .R R .A B d g —ls t,g u .g .4 s .’36
P e o r ia A P e k . U n io n —1 s t, 6 b .1 9 2 1 120
2d m o rtg ., 4*48........................1921
*84
P it ts . C leve. A T ol.—1 s t, 6 S ...1 9 2 2
P i t t s . A L . E r .—2 d g. 5 s , “ A ” . 1 9 2 8
P it ts . Mo. K . A Y .—1 s t 6 s........1 9 3 2
P it ts . P a in s v . A F .—1 st, 5 s . ..1 9 1 6
P it ts . S h e n . A L .E .—ls to o n .5 s .1 9 4 3 1 02
103*3
P it ts . A W est.—M. 5 s , g .1 8 9 1 -1 9 4 1 *25
P itta . Y ’g s t’nA A .—1 s t, 5 s ,c o n .l9 2 7
R io G ra n d e So.—1 s t, g ., 3 -4 S .1 9 4 0
S t. L . A . A T. H .—T e rm . 5 s . . 1 9 1 4 105
B e lle v . A C ar.—1 s t, 6 s ..........1923 *112
S t. L o u is So.—1 s t, gd . g. 4 8 .1 9 3 1
90
do
2 d I n c o m e .5 s .1931
do
1 s t co n . g. 5 s .1 9 3 9
*80
O ar. A S h a w t.—1 s t g . 4 s
19321 *90 ,
__
_
S t. L . A 8. F .—2d 6 s ,g „ ol. A . 1 9 0 6 114% 1 15%
2d , 6 s , « ., c la s s C ....................19061 1 14% 11 5
1987 *91*41 9 6
1 s t, t r u s t , g o ld 5 s ..............
F t. 8. A T . B . B g . - l s t , 6 s . . . 1 9 1 0 105%
K a n s a s M id la n d —1 s t, g .,4 s .l9 3 7
S t. P a u l C ity R y , o o n . 5 s, g . . .1 9 3 7
G o ld 5 s , g u a r ____ ______ ... 1 9 3 7
S t. P a u l A D u lu th —1 s t, 5 s ___19 3 ) ■113
107
2 d m o rtg a g e 5 s ..........................1917 105
1 22
S t. P a u l M in n A M .—2 d M, 68.1909 1 21
M ln n e a p .U n io n —1 s t 6 s . . . 1922
M o n t. C en .—1 s t, g u a r ., 6 s - 1 9 3 7 1 22
l e t g u a r. g. 5 s ........................ 1 9 3 7 108
E a s t. M in n ., 1 s t d iv . 1 s t 5 s . 1908 l o T ’a
W*’tr a r A 8 io ttx F .—1 s t, g ,58.1933 109
S a n F r a n . A N . P .—1 s t, g ., 5 s .l9 1 9 1 04
8 a v .F l.A W e s t. — s t, c o n . g .6 s .l9 3 4
1
S e a b o a rd A R o a n o k e —1 s t, 5 s . 1 9 2 6
S e a t.L .S .A E a s t.,l8 t6 s ,a s s t.p d l9 3 L
S o u th e rn P a c ific Co. —
G a i.H a r.A B a n A n t.—1 s t ,6 s . 1 9 1 0
2 d m o rt., 7 s ............................ 1905 1 0 0
H o n s. A T e x . C. W aoo A N .7 s.1 9 0 3 125
l s t g , , 5 s (In t. g t d ) ..............1 9 3 7 112
C ons. g. 6 s (In t. g t d ) .......... 1 9 1 2 105 1 10
M o rg a n ’s L a . A T .—1 s t, 6 8 - 1 9 2 0
1 s t, 7 s..............................
1918 129
O re g o n A C a lifo r. 1 s t, 5 s, g . 1 9 2 7
T e x a s A N ew O rle a n a l8 t,7 s . 1 9 0 5
SaD ine D iv is io n , 1 s t, 6 s . - 1 9 1 2
C onsol. 5 s, g ............................1 9 4 3
S o u th e r n —A la . C e n t., 1 s t 6 8 .1 9 1 8
A tl. A C h a r.—ln o o m e , 6 s . . .1 9 0 0
C olum . A G re e n .—1 s t, 5 -6 S .1 9 1 6
117*4
E . T e n n .V . A G a .—D iv is .5 s 1 9 3 0 115
R lo h .A D a n .—E q . s. f. g. 5 s . 1 9 0 9
D e b e n . 5 s , s t a m p e d .......... 1927 *98
V ir’a M id.—S e ria l s e r.A , 6 s . 1906
S e rie s B , 6 s . . . . . . . . . .............1911
S e rie s C, 6 s . . . .............
1916
S e rie s D , 4 - 5 s .......
1921
S e rie s E , 5 s ............ ........... ..1 9 2 6
S e rie s F , 5 s . . . .................... ..1 9 3 1
G e n ., 5 s, g u a r ., s ta m p e d .1 9 3 6
103
W asii.O .A W .—1 s t o u r.g u .4 s . 1924
S u u b u r y A L e w is .—1 s t, g .,4 s ,1 9 3 6
T e r. A s’n o f S t. L .—1 s t, 4*48.1939
1 s t, co n . g. 5 s ................ 1 8 9 4 -1 9 4 4 *107% 109
S t.L .M e r.B r.T e rm ,g .5 s ,g u ..l9 3 0
T e rr e H a u te ELeo. R y —g ., 6 s .l9 1 4
T e x . A P a e ., E . u . —1 s t, g. 6 s .l9 0 5 1 09
T h ird A v e n u e (N .Y ).—1 s t 5 s, 1937 *123 124%
T .A O .0 .—K a n .A M ., M o rt. 4 s .l9 9 0
74
78%
____
T ol. P eo. A W est.—1 s t, g ., 4 8 .1 9 1 7 *71
TTlster A D e l.—1 s t, o o n ..« ..5 a 1928 101
U n io n E le v ., O hio.—1 st, g . S s.1 9 4 5
U n io n P aoifio—1s t, 6 s ...............1896 1 02% ___
1 s t, 6 s ............................................1 8 9 7 102&8 . . . . .
1 s t, 6s ........................................1 8 9 9 102°g 103*4
C o lla te r a l T r u s t, 6 a ................ 1908 102
C o lla te r a l T r u s t, 5 s ........ . .. . 1 9 0 7
K a n s a s P ao ifio —1 s t 6 s, g . „ 1 8 9 5
..........
1 s t , 6 s , g . ..............
„1896
O. B r. U P . - F . o . , 7 s .............1895 "50“
A to h . C ol. A P a o .—1 s t, 6 s .- 1 9 0 5
30
u . P . L in . A C ol.—l s t . g . , 5a. 1918
33
35
W ab a sh —D e b e n tu r e , S er. A ..1 9 3 9
D e b e n tu r e , S e rie s B ..............1939
27
29%
D e t. A O hio. E x t . 1 s t, 5 s, g . 1940
98 1 0 0
S t L.K .C .A N .—St.C . B dge6s. 1 9 0 9 108
n o
W est N .Y .A P a .—ln o o m e 5 s . . 1943
20
W est. V a. C. A P i t t s . —1 s t, 6 s . 1911
W heeL A L .E .—1 s t. 5 s, g o ld —.1 9 2 6 *92
---n
W h e e lin g D iv ., 1 s t, 5 s , g . ,. 1 9 2 8 *76
92
E x te n s io n A Im p , g ., 5 s ____1930
W ls. C e n t, in c o m e 5 a ................ 1 9 3 7
7
THE CHRONICLE,
D ecembeh 11, 1897. ]
gmrestramt
R o ads,
Railroad %nUUiQtntz.
RAILROAD EARNINGS.
The following table shows the g r o s s earnings of every
STEAM railroad f r o m 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 period from January 1 to and
including such latest week or month.
The returna of the street railways are brought together sep
arately on a subsequent page.
L a te s t G ross E a r n in g s .
W eek o r
1897.
[
1896.
L atest dross E a rn in g s.
W eek o r M o
JkKD
R oads.
1109
J a n . 1 to L a te s t D ate.
18 9 7 .
1896.
1
8
s
1
S
1 7 0 ,2 6 4
17,3841
A d ir o n d a c k ... O c t o b e r '
15,693
165,332
4 th w k X ov
61,449i
4 9 ,2 5 2 1 ,4 7 1 ,7 9 1 1 ,3 7 5 ,2 7 4
S e p te m b ’r . ,
6 5 ,9 5 8
5 0 5 ,3 8 8
6 2 ,6 2 5
45 8 ,5 3 1
Pao. J u n e
N. O rL A N . E. 2 d w k s o v .
2 9 .0 0 0
3 1 ,0 0 0 1 ,0 8 1 .1 2 1 1 ,1 1 7 ,6 2 2
A la . A V ioksb. .d w k N o r.
1 5 .0 0 0
1 5 ,0 0 0
4 7 1 ,0 0 7
4 9 2 ,8 8 1
Y to fca.8 k .A P 2 d w k N o r.
1 2 .0 0 0
1 1 .0 0 0
4 3 7 ,5 5 3
47 1 ,4 7 4
A lle g h e n y V a L . O c to b e r . .
2 6 2 ,4 0 4 2 0 5 ,4 0 2 2 ,0 8 8 .9 3 1 1 ,9 6 5 ,2 9 0
A n n A r b o r ..........lu tw fe D e c
2 6 .0 2 3
2 0 ,9 5 7 i 1,200.6681 1 ,0 7 7 ,5 8 2
Ark. M id la n d .. J S t’p fc m b ’r. 1 1 ,1 7 6 8 ,7 2 6
7 1 ,6 0 8
6 5 .0 2 0
A te k .T . A 8. F e .e O c to b e r . . 3 ,6 9 5 ,3 7 9 3 ,3 0 2 .6 9 1
A tla n ta A G b ar. S e p te m b ’r. 1 4 3 ,4 9~ ' 1 4 9 ,9 0 2 ' 1,213,0811 1 .1 1 0 ,0 7 0
' ......... 0
*27.969
2 0 5 ,3 2 7
A tl. K n o x .* No. S e p ie iu i/r .
2 1 .9 5
2 1 2 .1 3 2
5 3 ,4 3 8
4 5 3 ,5 0 0
A tla n ta A W. P O c to b e r ...
54,- 6x8
4 2 6 ,6 0 1
9.389! l o l . l l l
A lla n . A D a n r . u h w k N<»v
4 9 2 ,5 1 7 i
4 9 8 ,3 9 3
1 7 .8 0 6
A a a tin A N ’w est 8ef»ten»b’r.
1 2 4 ,547
27,805:
19 0 .9 7 6
2 .3 6 6 ,1 0 7 2 ,3 7 2 ,7 4 6 2 1 ,4 2 2 ,9 1 3 2 0 ,5 7 4 ,9 5 2
101,0111 130,391 5 ,8 4 7 ,8 9 7 ; 5 ,5 9 7 ,9 7 8
2 ,9 2 3 i
18,610]
4 ,3 h
"8[
1 9 ,0 9 2
4 .2 4 3
S i r . A A tla n tic . N o '-(.;iuh*r
2 3 ,4 2 9
2.5061
2 1 ,5 3 3
4 0 ,2 0 1
B runfl w ' k A W cat 8c p te rn l**
r.
4 1 8 .9 1 7
5 3 ,4 6 9
41 9 ,5 0 8
B a ff.R o c b .A P itl UltWtt N ov
9 1 ,0 5 0
0 0 ,5 6 9 8 ,1 6 6 .7 6 4 3 ,0 8 2 ,3 9 9
0 5 ,6 7 4
B u ffalo A S u « a. O c to b e r .
5 1 2 ,4 4 5
60.420!
4 4 4 ,0 Mi
B ar.O . R ap. A S' u liw k N o r 1 2 5 ,1 0 5
8 0 ,5 5 6 3,020,7831 4,007 5 9 8
533,0o* 2 1 ,7 2 3 ,3 1 2 1 8 .7 5 5 ,7 2 6
C a n a d ia n P a c t do 4 tb w k Nov 7 2 5 .0 0
7 ,2 0 0
C a r. M id la n d . . . O c to b e r , .
7 ,3 1 0
4 8 ,7 9 7 1
5 0 ,1 8 1
O u t , o f G co rjtfa Itl-w fc N o r 1 7 7 ,207 1 6 7 ,8 1 3 1 4 ,8 3 4 ,9 4 4 ■1,767,5*2
O n t r a l o f N . J . O c to b e r ... 1 ,2 30,743 1 ,2 0 3 .8 0 7 1 0 ,480,514 10 ,185,733
C e n tra l P a e id e . B ep te n ib ’r, 1,45 ',3 8 5 1,219,011 10,108,667; 9 ,1 1 8 ,5 3 4
0faarle* t* n A 8 a v. 8 c p to m b r .
4 0 ,3 9 2
465,391!
3 0 ,7 7 4
4 2 3 ,9 0 4
4 3 ,9 1 2
3 7 ,3 2 o
C h a r. A W. C a r. J u n e .........
Cko#. A O h io ---- 4th w k N ov 3< 1,176 247*^30 10,19d,957! 9 ,3 * 6 ,3 7 5
C hic. B u r. a Q U O c to b e r ... 4 ,3 57.251 3,773, 800:3 2 ,6 1 0 ,4 1 2 2 8 ,3 9 8 ,0 9 3
9 3 .9 7 3
C hic. A E a* t. 111. 4 th w k Nov
7 9 ,0 2 7 j 3,6 7 5 ,1 2 2 ] 3 ,4 9 5 ,7 3 2
C hic, O t. W eat’n U liw k Nov 1 3 7 ,0 7 *
8-8,82:1, 4,684*100 j 4 ,2 7 1 ,0 0 8
C hic. I m l. A: h r , 4 th w k N ov
6 3 ,3 7 9 f
Chlo.M IL A S L P. t *t w * lic e . 6 6 2 ,0 0 3 5 4 0 ,9 2 3 30,0 2 4 .2 8 3 ! 2 9 ,3 2 8 ,1 3 2
O hio. A N’t h w 'n . O c to b e r ... 3,620*259 3,309,706! 2 7 ,5 9 4 ,2 4 9 2 7 ,2 5 1 ,8 8 2
Ohio, P e o .A S t. L. N o v m b ’r
7*,8* 8
6«,251
737,9*27'
8 0 9 ,2 0 9
Ohio. R ’K I. A P .. N o v e m b ’r . 1 ,6 44.731 t . 2 0 1.636 1 5 ,3 2 4 ,7 8 8 1 4 ,184,563
C h lc .8 L P M .A O v m tu b e r. 1 ,0 8 7 ,3 5 7 1,117,281 6 ,9 32,876; 6 ,7 4 4 ,7 7 2
C liio .T e r.T r.liH . ,4 th w k Nov
3 4 ,0 7 4
2 2 ’*4(
C aio, A W. M ich. 4th wk N ov
36,54 3
3 3 ,1 5 4 1 ,4 9 6 ,4 9 4 1 ,493 ,7 0 1
O boe. Ok-A G n lfl ith w k N ov
14.7*20
C in ,G -A P o rt« ry j N o v e m h 't.
b»138|
4 ,8 8 2
O ta . N .O . A 1. P. N o v em b er. 334.021
2 8 0 ,241 3 ,3 1 7 ,1 5 7 , 3,067*568
C lev.C an.. A 8 o . . 4thw foN ov 1 18,449,
1 4 ,3 0 4
5 9 9 ,7 1 5
6 51,331
<Xt.Ctn.Ob.dr S t. I 4 th w k > ov $93*9*241 3 1 3 ,7 9 8 12*523,431 11,1-07,013
P e o . A B a* t‘u N o v c n ib 'r. 148*3991 1 1 4 ,3 9 4 1 ,5 8 3 .1 5 3 1,-^58,022
45*203
Cl.JLor. A Who«L I th w k Nov
2 3 ,3 5 8 1,238.646] 1 ,2 0 1 ,2 3 0
O ol. M id la n d . . No v e n d e r . 149,885.' 1 5 8 ,8 4 3 1 ,5 8 5 ,8 1 5 ; 1,085*221
C ol. H . V. A Tol, N o v e tn b ’r . 2 9 3 ,015; 2 5 3 ,9 5 1 2 ,2 7 0 ,0 7 3 2 ,2 7 4 ,9 9 3
C<»LAK<wtMouni J u l y ---- . . .
71,8301
O ol. S a n d ’y A U. 3 w as Jwn* , 4 6 ,964.
3 4 8 ,874
4 9 .8 2 8 j
3 4 2 .9 0 9
Ool u a a A L a k e . . 1 o v t*m b ' r .
N
2 ,5 0 0
21,4 5 5
1,300!
17,991
O ry» t a l ................ O c to b e r . .. !
1,3 0 9
540
11,171
9 ,2 8 0
C a m b T d V aliev O c to b e r ,.
86.2731
687,791:
75 ,2 3 3 :
6 95,261
O e a v . A R io (»t la tw k D ee. 1 6 2 ,9 0 0 137,40i» 7 ,0 2 9 ,8 3 8 6 ,7 9 5 ,0 6 0
D ee M. A K a m i 3d w a N ov
2 ,7 * 8
139,75*’
2, 91
10 1 ,7 2 6
Dert.M . N. A W .. N o v e m b ’r
3 ,»86
301,2>
4 0 9 ,5 9 2
36,83*.
D e t-G .B a p .A W ith w k N ov
3 0 ,6 0 1
2 4 ,2 0 3 1 ,184,198! 1 ,0 7 6 ,8 5 9
D e t. A L im a No. N o v e iu h r .
3 8 , . '9 »
o .y T t
O e tA M a o ld D iH O c to b e r ...
3 3 ,9 3 6
400.628!
3 5 6 ,8 5 0
1 9 ,2 6 '’
D u lu th A Ir, R.J9eptCHi:b'r.! 3 5 7 ,2 5 0 ' 1 7 0 ,7 7 2 2 ,2 2 7 ,5 9 1 j 1,789*262
D n iu th S .B .A A t. 3 d w k N ov.j
2 7 ,7 8
24,4 5 8 1 .4 2 6 ,4 9 2 1 ,7 6 2 ,1 1 7
S ik in J o L A E a a i N o v e in b ’r
l* 0,161
9 3 ,4 0 1 1,071,738! 1 ,L 9»,173
E r i e . ............... OO totb eb e .., .3 ------| **'**“
............... c c o r. r . ,269,203;3,09* ,2 9 4 27,387,75*
187,757 2 5 ,921,987
E a r e k a S p r i n t 8. S e p tu m t.'r.
5 ,. 36
5 ,3 7 2
4 8 ,8 4 1
4 6 ,3 1 5
X vans.dc in d ’pu*- 4 th wk Nov
6,9»2i
6,1 6 2 ,
2 6 0 ,7 9 1
2 6 9 ,0 7 8
1,3 9 b
E v a n s . & R ic h .- 3 d w k A ur .
2,4511
6 1 ,7 1 3 |
7 3 ,5 5 1
E v a n s v . A T. H 4 th w k N ov
2 6 ,01.?1 24.1 1 1 1 ,0 0 5 ,0 2 1
9 7 5 ,0 1 2
F it c h b u r g ,......... O c to b e r .
7 2 5 ,8 4 9 6 7 s ,705; 6,062,< 51 6 ,0 6 8 .0 9 9
F li n t. A P .M a r q .ic h w k N ovj
7 2 ,3 0
5 3 .3 0 8 2 ,5 2 8 ,4 1 - 2 ,3 0 2 ,9 5 0
Fia.C«ent. A Pen. 4t t wk N ov
4 0 ,5 1 2
4 0 ,3 7 6 2 ,1 0 6 ,3 7 2 1 . 0 8 5 , 5 1 s
F t.W ’th v tD en .C . ith w k N ovi
3 1 ,0 5 0
3 2 ,9 ,1 4 8 ,6 6 8
9 1 0 ,7 8 2
------1
F t. W. A R io O r. 4 th w k Nov!
2 3 , 44
9 ,3 5 ! 3 5 5 ,7 0 4 j 2 9 1 .1 1 0
C a d s . A A tt. U . N o v em b er I
769
827
7 ,8 4 6
9,738
& e o rj0 a R K ----- 4 th w k N o r |
4 5 ,ln 9
4 7 ,3 6 1 ' 1 ,4 7 7 ,9 ,5 1 ,410 ,0 3 1
2 0 ,4 8 y
G e o rg ia a A la ., ith w k Nov
2 % 100 1,002,230:
7 8 3 ,1 7 7
O a .O a r’la A No. S e p te m b ’r,
7 7 ,9 4 9
89,4 7 7
59 1 ,9 7 4
0 4 0 ,5 7 9
O eo, Bo, A F l a . . N o vein b*r
81,3 8 3
7 9 4 ,8 3 4
7 4 .6 5 0
80 5 ,6 1 4
O r, R ap . A I a d ., .ith w k Nov
5 0 ,2 ft7 : 8 5 ,9 1 7 1 ,8 0 0 ,7 4 5 1 ,755,747
CSn.R. A F t, W 4 th w k N ov
9.700!
3- 9,0 7 2
3 0 2 ,2 2 6
8 ,0 4 1
T ta v e r i e C ity 4 th w k .s o v
3 0 ,0 .5
1 /- 2 8
747
4 2 ,186
M as. Q. R. A i ith w k Nov
1 0 7 ,8 0 6
2 ,0 2 7
2.8&«
11 1 ,3 8 8
03.HU.
T o t. a ll line* 4 th w k N ov
4 6 ,7 3 2 2 ,3 1 9 ,7 0 8 2 ,2 7 1 ,5 4 7
Q r.T r' n k Sy m 4 ?h w k N o v 0.12.HO2 83 5 ,0 2 4 1 2 1 ,2 8 4 ,0 4 9 2 0 ,781.127
C hic. A G fr.T r ith w k Nov
7 1 ,6 5 3
7 1 ,4 4 8 2 ,7 9 0 ,0 4 1 2,8 8,8 6 0
D e t-G r.H .A M . H b w k N o v
23.417!
2 1 ,8 3 7 1 9 0 5 ,0 4 8
869,877
01n,8aie.& M ae 4 th w k Nov
3.467!
3 ,2 2 9
1 1 1 ,0 7 5
1 1 6 ,5 0 8
ToLB. A M risk i th w k N ov
2 ,8 4 6
1 ,9 1 3
1 0 1 ,0 7 2
7 6 ,1 3 7
C re a t N o rth ’d - 1
8 t. ? . M. A M N o v e m b ’r 1 ,8 5 5 .8 8 0 '1 ,0 4 8 .3 8 8 ! i 5,161,8O 5 14,498,391
E a s t o f M inn. N o v e m h 'r.
2 9 0 .9 8 5 2 1 3 ,9 3
1 ,8 1 7 ,1 4 8 1 ,79 6 ,1 0 4
M rm ta n a C e n t N o T e m b 'r.
195,567 1 5 3 ,9 7 4 ; 1 ,8 8 7 ,2 8 7 ' 1 ,70 0 ,2 0 5
T o t .s y ste m N o v e m h ’r 1,342,438 2 ,0 1 6 ,2 9 4 ls,8 6 H .2 4 o ! 1 8 ,054,700
G b fB 'm n rd fK .C N o v e m b ’r.
10,242!
1 1 8 ,0 7 8
14,0 5 3
8 7 ,2 8 5
G u lf A Ohicairr) N o v em h ’r
6 ,4 9 0
4 4 ,7 0 5
8 ,5 0 0
4 2 ,732
H o o s.T u n .A Wil. s e p te m b 'r.
5,1 9 3
3 ,7 3 7
4 0 ,6 1 7
8 9 ,5 0 9
H o as. A T e x .C e n ;Sepftetii b’r. 4 2 3 ,8 8 I 4 2 1 ,8 0 8 2 ,4 8 9 ,5 2 0 2 ,460.422
Illin o is Con t r a i l ;N o v e m b ’r 12534 27 1 1 8 6 9 5 0 6 (2 2 1 3 8 7 2 4 t 1 0 0 8 0 7 7 5
In d .D e c .A W e st Atikui*t._
_
5 0 ,3 4 4
3 0 4 ,5 3 2
3 9 ,3 1 2
3 0 5 ,0 0 1
In d - 111. A Io w a S e p tc n ih ’r.
6 1 ,3 6 9 '
6 0 1 ,6 9 2
4 9 ,9 8 4
5 5 9 ,7 4 4
1897.
18 9 6 .
Ja n . 1 to L a test Datej
1897,
1896.
S
I
S
I n . * G t. N o rth ’!) i t h w k N ov 1 3 0 ,7 4 2 1 130,464, 3 ,2 6 3 ,9 2 8 3 ,1 0 8 ,9 0 6
tln te r o o . (M e s.i WkN’ov .2 0
5 3 ,7 0 0
4 2 ,9 1 0 2 ,3 2 1 ,5 1 0 2 .0 5 2 ,6 1 8
I o w a C e n t r a l .. - i t h w k N 'o r
5 0 ,i2 1
3 4 .5 4 1 1 ,5 0 3 ,4 1 8 1 ,5 9 3 ,2 3 0
I r o n R a i lw a y ... N o n m ib r.
3 5 ,2 5 6
8,7,50
3 ,2 8 3
3 9 ,8 8 0
J a c k . T. 3c K. 17. S e p te ra b ’r.
2 2 ,3 1 4
2 0 ,358
2 2 5 ,9 5 0
2 3 5 ,2 7 2
K a n aw h a A M ic h 4 th w k S ov
1 2 ,7 9 0
4 8 1 ,2 4 6
1 0 ,3 9 .
4 1 2 ,9 7 0
K .C .F .S c o tt i l l . ith w k N o v 1 3 5 .6 1 4
9 1 ,2 3 4 4,44 2,725 4 ,0 1 6 ,1 4 9
K .C .M em . & B ir. i tln v k Xov
4 0 ,2 1 4
3 0 ,8 1 2 1 .0 6 2 ,8 1 8 1 ,0 6 5 ,0 3 2
K a n , C. S . W — . X o v c m b ’r
3 7 ,039
2 5 5 ,0 3 4
28.S93:
3 2 3 .2 9 0
K a n .C lty i O m . i t h w k N r
To
5 ,9 8 3
3 ,5 2 3
107,-) 08
2 1 7 ,1 6 8
K.
C .P ltts . & G .. l i t w k 5 8ec,1 4
D ,3
19,978! 2 ,2 3 2 ,8 8 9
7 2 8 ,8 0 3
K an.C . S ub. B e lt 1 st w k Dee.
8 ,0 9 0
4,9 0 2
4 6 8 ,5 2 5
3 1 6 ,0 7 5
K eo k u k & W est. 3 d w k N ov,
7 ,7 4 2
3 6 8 ,7 1 9
7,3 9 6
3 5 2 .4 5 4
]U E r ie A ll A So. O c to b e r ...
5,885
5 1 ,3 3 1
7,380!
4 9 ,7 8 4
L. E r ie & W e s t. 4 th w k N ov
6 9 ,6 1 7 3 ,1 2 3 .1 4 9 3 ,0 5 7 ,2 4 7
9 0 ,8 7 4
L e h ig h A H u d .. N o v e m b ’r .
41 ,9 8
3 5 1 ,2 1 8
3 2 ,0 8 8
3 5 8 ,8 3 2
3 ,5 3 9
L e h itih V a L R R . O c to b e r .. . 2 ,3 4 _____ 2 ,1 1 7 ,2 1 7
L eh. V. C oal C o. O c to b e r .. . -------------4 2 ,0 8 1 ,8 7 1
2 ,5 3 6 ,3 3
L e x 'g to n & E a s t, O c to b e r ...
1 7 ,447
1 3 ,747
1 6 6 ,0 8 3
1 7 3 ,1 5 7
L o n g I s la n d R R . N o v e m b ’r . 3 0 7 ,8 0 9 2 7 5 ,5 6 5 3 ,8 6 6 ,5 5 8 3 / 9 4 ,4 4 3
L o n g Is. S y s te m O c to b e r ... 3 8 0 , : 04 3 3 3 ,4 4 4 3 ,8 9 2 ,9 6 0 3 ,7 7 3 ,8 4 6
L o s A ng. T e rm . N o v e m b ’r .
6 ,5 9 7
8 5 ,8 6 5
4,5 8 1
7 8 ,5 4 8
L ouis.K v.A -3!.I- 4 th w k N o r
4 0 .7 9 3
3 2 ,085 1 , 3 3 ’, 603 1 ,3 8 0 ,8 4 0
L o u . H . A S t L .. ith w k N ov
1 5 .112
9,2 6 0
4 1 5 ,9 9 9
4 6 4 ,9 3 7
L o u isv .A N a sb v . 4tbw kN Tov 5 7 0 ,2 6 5 50 0 ,3 2 7 1 8 ,9 1 2 ,9 2 6 1 8 ,4 0 8 ,5 7 5
M a tw n A B ir m .. N o v e m b ’r
8,0 2 0
6 ,5 8 0
6 0 ,378
5 6 ,563
M a n ts tiq u e ------N o v e to b 'r.
2,3 3 5
2,1 9 4
1 0 5 ,7 2 0
1 1 0 ,6 3 8
M em p b lsA C b as 3 d w k N ov.
3 8 ,075
3 2 ,6 3 7 1 ,2 2 3 ,0 7 2 1 ,1 3 5 ,1 7 2
IM e jd e a u C e tH . ith w k N ov 3 7 0 ,1 8 8 2 6 1 ,3 2 0 1 1 ,5 9 7 ,3 0 7 9 ,1 7 2 ,3 7 2
M e rlo a n lu te r 'L S e p to m b ’r. 2 1 2 ,1 8 8 2 1 4 ,8 4 4 2 ,2 5 9 ,7 4 7 2 ,1 1 0 ,0 1 3
I-Mcx. N a tio n a l, i th w k N
’ov 1 4 2 ,3 5 8 13 1 ,0 3 0 5 ,4 6 0 .3 0 8 4 ,6 8 4 ,1 6 3
M e l. N o rth e rn . S e p te m b ’r.
0 2 ,4 “4
5 1 ,3 0 0
4 4 1 ,3 >0
5 8 3 ,1 4 4
-M ex ican R ’w ay Wk N o v.20
6 5 ,0 0 0
7 2 .0 0 0 3 ,3 3 6 ,7 5 4 2 ,8 4 4 ,1 0 9
M e x ic a n S o ........ 3 ilw k N ov.
1 0 ,710
61 0 ,8 9 5
1 0 ,7 4 0
4 8 6 ,5 6 9
M ln n e a p .A S t.L . ls tw k D e e .
12,917
40,418 2 ,0 0 9 ,1 6 3 I , 870,425
M . S t.P ,A 8 .S t.M . I th w k Nov 1 2 9 ,2 2 5
7 4 ,4 0 4 3 ,5 8 9 ,6 1 2 3 .3 8 5 .0 6 9
Mu. K a n . ,v T e x Ith w k N ov 4 0 2 ,1 4 3 2 9 2 ,7 1 6 10 ,7 8 9 ,4 0 8 1 0 ,6 0 5 ,1 7 9
M o .P a o .A Iro a M i s t w k Deo. 5 1 8 ,0 0 0 4 2 1 .0 0 0 22 .9 5 3 .0 0 0 2 0 ,3 7 1 ,2 6 9
18.000 1 ,0 4 9 ,0 0 0
C e n tr a l B r’oh. 1 s t w k D eo.
21,000
7 1 5 ,1 7 2
4 3 9 .0 0 0 2 4 .0 0
i.Ooi
T o t a l............. ls tw k D e e , 539.00u
II,
08 6 ,4
M obile A B lr m .. N o v e m h 'r.
40,151
2 7 7 ,1 3 3
3 0 1 ,2 8 9
3 0 ,1 4 2
M obile A O h io . N o v e m b ’r
3 9 6 ,5 5 0 3 5 4 ,1 3 0 3 ,6 1 1 ,5 7 6 3 ,3 4 8 ,0 2 8
M o n t.A M e r.G if O c to b e r ... 1 17,507 101,992 1 ,1 6 1 ,4 9 9
9 3 5 ,1 7 9
N a s h .C h .A S tL . O c t o b e r ... 5 3 0 ,3 5 2 4 7 3 ,0 4 1 4 ,5 3 4 ,1 0 ' 4 ,1 6 7 ,2 4 8
N e t A F t.S h 'p 'o A u g u s t . . .
14,044
101,295
N e v a d a C e n tra l. A u m is t___!
3,2451
2 ,9 6 7
2 4 ,406
2 1,0 5 6
N.
T .C .A H . R .. Nov. u ilf r . 3 ,9 6 0 ,7 5 3 3 ,8 8 2 ,3 1 8 4 7 4 0 ,2 3 6 ,8 6 1
4 1 ,9 3 ,5
N .Y . O u t. A W . ith w k N ov
1 10,213 10 1 ,2 1 0 3 ,6 2 9 ,4 6 6 3 .5 8 0 .0 9 8
---------N .Y .S u tm .A W .. O c to b e r ... 2 1 3 ,2 4 7 2 3 2 ,0 7 5 1 ,8 1 5 ,6 7 8 1 .8 5 7 .0 9 9
----------N o rfo lk A W est ■Itliwk N ov 2 1 0 ,3 6 3 192,233 9,88-1,897 1 0 ,0 2 6 ,3 9 2
N o rtb e s ’n { (la .). - Il :
5 ,9 4 5
0,3 0 0
4 3 ,749
4 2 ,8 5 8
N o rth e s 'n (8. C.) J u n e . . . . . .
30,201
4 1 ,4 3 1
N o rth ’n C e n tra l O c io ite r ... 6 4 5 ,6 3 6 6 5 5 .2 5 0 '-,531,677 5 ,2 1 4 ,5 8 6
N o rth ’n P a o lllc . ith w k N ov 7 7 1 ,2 1 2 3 8 6 ,4 7 2 1 9 ,089,251 17 ,4 1 2 ,8 8 2
h io R lv e r ......... ith w k N ov
1 8 ,570
8 9 2 ,5 9 7
8 7 8 .3 4 3
1 7 ,236
h io R iv .A C h a e N o v e m b ’r .
18.821
168,519
17,591
10 8 ,1 0 8
O hio S o u th e rn . N n v c m b 'r.
7 3 ,4 4 3
0 3 2 ,7 0 6
3 3 .8 2 3
6 58,841
O m .K a n . C. A E, 3 d w k N ov,
14,844
61 5 ,3 0 7
5 4 0 ,8 1 7
9,5 8 9
O re g o n D np. Co. -a p te m b 'r ] 4 2 2 ,4 3 6 2 6 0 ,8 6 0 2 ,9 0 2 ,5 9 8 2 ,4 4 3 ,1 7 9
O re g .H R .A N a v . ith w k N o v
1 8 2 ,3 7 5 1 0 3 ,8 9 2 4 ,0 4 5 ,8 9 2 4 ,2 4 1 ,5 6 1
O r e i. S h . L i n e .. O c to b e r ..
5 8 8 ,8 5 8 5 7 0 ,0 0 9 4 ,8 9 0 ,2 0 9 4 ,5 7 8 ,8 0 5
2 9 3 ,5 5 3 33 7 .1 0 8 3 ,5 1 4 ,3 2 7 3 .2 5 5 ,5 7 2
P a c in o MaU....... O c to b e r ...
P e n n s y l v a n i a . - O c t o b e r .. 5,99 6 ,7 7 1 5 ,5 9 6 ,8 7 8 5 2 ,7 8 5 .3 4 8 5 1 ,6 5 7 .8 4 8
2 3 ,?8 5 ;
1 9 ,451
8 2 5 ,8 2 4
P e o n a D e c .A E v j u iiw k Nov!
7 8 0 ,5 8 5
4 4 901
4 5 ,9 7 2
47 7 ,1 3 3
P e te r s b u r g ......... O c to b e r.
4 6 6 ,5 9 2
P h ila . A E r ie ... O c to b e r... 538,0621 5 2 7 ,5 6 1 3 ,7 5 8 ,8 9 3 3 ,6 8 4 ,5 8 1
P h ila . A R e a d ... O c to b e r,.. 2 ,1 8 4 ,4 5 4 2 0 92.931 1 7 ,4 4 1 ,1 1 9 1 7 ,2 9 1 ,3 2 6
C o al A I t. C o . O c to b e r,.. 2 5 05 170:2 7 6 7 ,8 5 2 '1 8 ,1 9 6 ,4 8 6 1 8 ,936,683
T o t. b o th Oo’s O c to b e r... 1," 9.02 ' ',
3 6 ,2 2 8 ,0 0 9
.'3 ;
P lt R e a tl. AN'.E. O c to b e r...
09 03 9
6 4 ,5 8 6
5 3 8 ,6 7 1
5 7 8 ,0 2 9
7 9 8 ,2 8 1 7 3 6 ,9 8 1
..............
P h lL W llm . A B O c to h e
P itte .C .C .A 8 t.L O c to b e r ... 1 ,429,08 1 ,2 3 4 ,4 1 4 1 2 ,196.415 1 2 ,1 1 0 ,0 6 3
1
P ltts.L ls b .A W ’n N o v e m b ’r .
4 2 .443
3.3 7 0
4.9 7 1
3 0 6 86
5 6 6 ,9 9 8
5 3 ,7 0 4
P itta . B ee. A L . E. N o v e m h ’r.!
5 8 9 .9 5 7
7 5 .1 4 9
4 5 ,3 5 2
P itte b . a Wes’n ith w k N ov
4 0 ,1 0 9 1 ,5 8 1 ,7 6 8 1 .5 8 1 .9 5 3
8 1 4 ,8 4 5
17,372
2 6 ,6 9 5
P itta , CL A T o l 4 th w k N ov
704.9G 0
3 5 5 .2 5 5
33 9 ,7 0 2
1 4 ,275
9.5 9 5
F it ts . P a . A F 4 th w k N ov
8 6 ,3 2 2
6 7 ,0 7 6 2 ,7 4 3 ,6 6 2 2 ,6 4 9 ,4 2 0
T o ta l s y s te m .. Itliw k Nov
1 68,584 11 7 ,5 8 3 1 ,2 3 0 ,7 6 6 1 .2 1 7 .2 2 5
P R t,Y o u n g .A A . i 'o t o b e r ...
5 8 8 ,2 3 9
R le h .F r’kftb A P Ov t o ile r ...
5 9 3 .4 6 5
5 4 ,4 2 6
5 4 ,583
28 3 ,6 8 3
2 6 ,932
2 8 8 ,0 5 6
2 7 ,752
B le b . A P e t e r s b . O c to b e r ...
34 5 ,3 6 2
1 0 ,0 1 7
11,757
4 1 5 ,7 7 5
R lo G r . S o u th 'n Itliw k N ov
7 2 ,7 0 0 2 .6 9 7 ,5 7 8 2 ,1 9 8 ,1 3 2
11)6,600
R io G P d e W est Ith w k N ov
6 4 0 ,6 2 2
1 4 ,8 0 0 1 ,0 4 2 ,3 6 3
2 6 ,8 0 0
H t.Jos. A G r. I . . . i th w k N ov
27 2 ,6 0 3
3 0 ,0 b 0
2 7 2 ,3 4 7
2 5 ,776
S t.L . O h.A S t. P. N o v e m h 'r-'
6 0 ,1 4 2
6,000
8 ,5 0 0
8 t.L .K e n ’etA So. N ovem h’r.
8 t.L .A 8 a G F ra n . 4 th w k N ov 1 9 1 ,9 9 7 1 4 6 ,0 6 2 5 ,9 5 9 ,4 8 1 5 .5 3 5 .9 5 4
8 t.L . B o u th w est 4 tb w k N ov 164.100 1 4 1 ,7 0 0 4 ,3 9 2 ,3 1 4 4 ,3 6 6 643
1 8 7 ,5 2 9 102 4 18 1 .4 9 0 ,0 8 6 1 ,4 3 0 ,0 5 6
StL P a u l A D u l. N o v e m b ’r .
S a n A n t. A A. P O c to b e r ... 1 7 6 ,8 0 1 2 5 5 ,5 3 5 1 ,6 5 6 ,0 1 7 1 ,6 6 6 ,8 1 1
6 9 3 ,5 1 1
7 4 6 ,3 3 6
5 8 ,5 2 4
07.996,
S a n F r a n . A N .P . N o v em b ’r .
4 5 ,7 6 4
5 7 ,8 2 0
S .F e P r e s . A P h, S eptem ber.
Sav. F la ..’ W est, S e p te m b 'r. 28 6 ,9 0 8 2 74 311 2,5*i4,849 2 ,5 0 2 ,1 2 7
.6 9 ,0 6 4
65,273
S e a h ’d A R 'n k e J u l y ............
1 3 ,867
2 7 2 ,8 4 5
2 9 0 ,8 8 8
1 2 ,894
S her.8hrev.A B o. 4 th w k N o v
1 4 8 ,8 4 5
10,521
1 4 1 ,6 4 6
18,984
811.8 p rs , O . A G S fjp tem b 'r.
7.0 4 4
5,0 0 0
S ilv e rto n
N o v e m b ’r .
2 4 ,7 4 2
2 5 ,8 6 3
2,5 9 9
1,8 9 9
S o .H a v e n A E a s t Novemb’r.
8o . P aoiU c Co.
G a L H a r.A 8, A S eptem b’r. 3 9 6 .1 0 0 4 3 3 .7 7 6 3 ,3 1 5 ,4 7 7 3 ,6 0 2 ,9 5 1
63 8 ,8 6 0
7 18 317
66,907
5 7 .318
L o u is’s . W est. S e p te fn b ’r .
M o r g a n 'l l , AT S e p te m b 'r. 4 1 0 .0 0 0 4 6 8 ,0 2 0 3 ,7 6 1 ,0 9 4 3 ,4 5 2 ,7 1 2
248.168
3 8 ,423
18 2 .4 7 8
4 3 .719
N .Y .T . I M b i S e p te m b 'r.
96 9 ,8 0 3
T e x .& N .O r l,. S e p te m b ’r. 1 0 0 ,9 1 4 11 1 ,7 9 4 1 .1 1 3 ,4 6 1
A tl. P r o p ’t e s . t S e p te m b ’r. 1.048,931 1,160,999 9.2 6 9 369 8,976 ,7 5 8
2 4 ,991 101 2 3 ,2 0 7 ,1 5 3
P a e llio s y ste iu 9t» jte m h ’r. 3 ,4 4 0 151 2 8 8 8 ,4 3 7
T o ta l of a ll./ O c to b e r ... 4,431 36 0 5 ,1 7 9 9 12 4 1 .1 8 1 ,3 ? 6 3 9 ,8 1 8 ,0 4 1
9 79,506 8 4 1 ,0 2 9 7 4 7 9 ,0 6 6 7 3 4 0 ,6 3 3
So. P a o . of C al. S e p te m b 'r.
S o .P a o .o fA riz . Septemb'r. 2 3 1 ,7 2 6 1 55.111 1,875 597 1 ,6 2 1 ,2 7 2
8 2 8 ,8 9 6
9 9 8 .3 1 1
84 9 80
108,208
8 o .P a o .o fN .Jl S e p te m b 'r.
N o rth e rn Ry . S e p te m b 'r. 233.991 2 21.267 1 ,0 5 2 ,5 6 5 1 ,6 0 4 .1 6 4
4 3 0 ,7 1 4 17 ,8 8 6 ,5 6 1 1 6 ,9 6 7 ,1 8 0
S o u th e rn R y ___ 4 th w k N o v 53 4 ,1 6 9
4 2 0 .3 7 2
4 4 ,861
2 7 3 ,4 6 1
5 0 ,918
S p o k .F ’ls A N or. a u g u s t . ,
32 8 03
3 7 .181
1,958
1,801
S to n y C i. AO. M l O c to b e r ...
3 3 3 .8 6 2
4 0 4 .8 1 5
7 9 .2 8 2
6 6 .3 1 9
S u m m itB r a n c h . M ay ..........
3 7 0 .6 2 7
3 3 0 .0 1 0
66,881
6 7 ,0 4 9
L y k . V a I. C oal. M a y ..........
141,707 117.958 1 ,0 8 8 ,8 4 0 1 ,1 8 2 ,0 0 8
T o t’l b o th Co’s A u g u st . . .
3 0 0 .2 3 5
2 5 9 ,4 8 5
16.203
9.518
T e x a s C e n t r a l.. 4 th w k N ov
T e x a s A P a o illo r th w k N ov 2 9 3 .3 2 0 2 6 5 .5 6 7 6 ,6 1 2 ,7 5 4 6 ,0 0 7 ,7 2 8
3,597
4,569
T ex. 8.V .A N.W. S e p te m b ’r.
3 7 ,8 ,3 1 ,5 8 4 ,2 4 4 1 ,6 6 0 (TOO
4 3 ,4 2 5
T o l.A O h lo C e n t. I s tw k Deo.
8 5 4 .4 7 4
17,465
24.607
8 08 879
T ol. P . A W e st.. 4 th w k N o v
58,90.1 2,076,174; 1 ,9 7 9 ,7 0 2
6 1 ,670
T o l .S t- L .& K .a 4 th w k N o v
U n io n P a c ific —
U n io n P . l l l i . . S n p to m b ’r . .1 ,7 6 2 .2 3 3 1 ,4 2 3 ,2 3 1 1 1 ,508 6 3 0 1 0 ,1 4 9 ,2 7 3
1 8 ,000 1,049,000,
7 1 4 ,5 8 0
C o n t-B ra n n h I s tw k D eo .1 ■21,000
S
THE CHRONICLE.
1110
L a te s t G ross E a r n in g s .
H oads.
W eeko r H o
18 9 7 .
1896.
J a n . 1 to L a te s t D ale.
18 9 7 .
18 9 6 .
$
U n .P a e —(Con.)
AohJCAwl e to b
S p m ’r.l 5 6 ,0 9 5
1 1 7 ,5 6 5
G r’d t o t a l .‘ e S e p te m b ’r . 2 ,0 9 8 .4 1 7
7 7 ,6 7 0
W a b a s h ............... I s tw k D e c . 2 3 6 ,7 6 1
W a c o A N o rth w . S e p te m b ’r.
3 2 ,4 0 3
W Je rse y A S e a ’e O c to b e r ...
1 7 8 ,1 1 2
W .V .Cen A P itts M a y ............
9 8 ,2 4 7
3 8 ,2 0
W cstV a. A P itta . S e p te m b ’r.
")Q ona8
4 5,3 3 6
W estern of A la . IO c to b e r...
8 8 ,3 0 0
W est. N .V .& P a . 4 th w k N o r;
4 3 .4 3 0
W heel. A L .E rie M th w k N o v
W ll. Col. A A u g .l J u n c ..........;
3 9 ,5 3 2
W isconsin C en t. 4 tb w k N o v 1 1 2 ,234
1 0 ,3 6 6
W rl Kbts v. A Ten . O c t o b e r ..
7 ,9 6 3
Y o rk S o u th e rn O c to b e r ...
C e n '- B r .A L ’d L S e p t e m b ’r .
Un.P.Dcn.<SG.. 4 th w k N ov,
3 1 ,7 0 7
6 8 ,5 1 8
1 ,6 3 0 ,9 2 0
7 0 ,7 7 6
2 2 3 ,8 1 0
37,1 6 1
159,991
9 8 ,1 5 5
3 5 ,3 4 5
6 7 ,8 1 3
7 1 ,0 0 0
2 6 ,8 5 7
3 8 ,9 7 7
8 4 ,9 6 0
1 0 ,3 9 4
7 ,9 2 2
2 3 4 ,1 1 5
3 7 3 ,4 9 2
5 4 1 ,3 8 1
8 2 1 ,3 7 6
1 3 ,7 0 8 .0 1 9 1 1 ,6 9 6 ,8 7 2
3 ,2 0 9 ,4 4 1 2 ,8 2 9 ,1 2 4
1 1 ,3 8 7 ,0 5 2 1 1 ,2 2 1 ,7 4 2
1 7 4 ,2 0 3
1 6 1 ,2 0 6
2 ,2 3 9 ,9 0 3 2 ,2 5 6 ,2 0 0
4 7 2 ,8 7 5
4 5 5 ,7 7 2
2 9 1 .6 6 2
2 9 3 ,5 7 4
4 6 9 ,6 7 6
4 8 9 ,1 3 6
2 ,8 4 5 ,7 6 8 2 ,8 1 0 ,4 6 4
1 ,0 6 0 ,0 9 3 1 ,1 9 0 ,3 1 6
4 ,1 5 7 ,1 0 5
7 1 ,5 1 0
5 8 ,3 1 5
3 ,9 5 5 ,7 0 3
7 6 ,4 6 1
5 7 ,5 6 8
• F ig u re s g iv e n do n o t in c lu d e O re g o n E y . & N a r ., U n . P a e . D e n v e r A
Gnlf D e n v e r L e a d r ille & G u n n is o n , M o n ta n a U n io n a n d L e a v e n w o rth
T o p e k a A S outh w e ste rn , a T h e s e fig u re s in c lu d e r e s u lts o n le a s e d lin e s.
b In c lu d e s e a r n in g s fro m fe rr ie s , e tc ., n o t g iv e n s e p a r a te ly . } M ex i
c a n c u rre n c y , c In c lu d e s o n ly h a lf o f lin e s in w h ic h U n io n P a c ific h a s
a h a lf in te r e s t, d In c lu d e s o p e ra tio n s o f th e C hic. B u rlin g to n & N o rth
e rn in b o th y e a rs. 5 C o v e rs r e s u lts o f lin e s d ir e c tly o p e ra te d e a s t o f
P itts b u r c
* C h e sa p e a k e O hio & 80’w e s te rn in c lu d e d , b e g in n in g w ith J u ly , Ohio
V a lle y , b e g in n in g w ith A u g u st, a n d C h ic ag o & T e x a s b e g in n in g O cto
b e r, b u t e ac h ro a d fo r t h is y e a r o n ly .
^
.
e F ig u re s fro m J u ly 1 in c lu d e r e s u lts o n A . T. & S. F e , G u lf Col. *
8 F e S. F e P a c ific (old A tla n tic & Pacific* a u d So. C al. R y . R e s u lts
o n S onora R y. a n d N ew M ex ico & A riz o n a R y ., fo r m e r ly in c lu d e d , a re
e x clu d ed a f te r J u ly 1.
Latest Wrens Earnings by Weeks.—The latest weekly earn
ings in the foregoing are separately summed up as follows:
For the fourth week of November our preliminary statement
covers 81 roads, and shows 31*06 per cent increase in the
aggregate over the same week last year
41h w eek o f N ovem ber.
A la b a m a G t. S o u th e r n ...
A n n A r b o r . .. ............. . . . .
B a lt. A O hio S o u th w e s t. B uffalo B oob. A F I t t s b ’g
B u rl. Ceil. R an . A N o rth .
C an a d ia n P a c i f i c .. .. —
C e n tra l of G e o re ia ...........
C h e s a p e a k e * O h i o . .. .. .
C hicago A E a s t. Illin o is.
C hic. G re a t W e s te rn ........
C hic. iD d’p lis & " L. . .
,t.
C hicago M ilw. & 8 t. Paul
C htc. T erm . T r a n s f e r ...
Ohloago A W est M ichigan
C hoc O kla. A G u lf.........
C leve. C an to n A S o u th 'n .
O lev. O lu. O hio. A S t. L ..
Dlev. LoraiD * W heel’g ..
D e n v e r A R io G r a n d e ...
b e t . G d. R a p id s A W est.
E v a n s v . * In d ia n a p o lis ..
E v a n s v . A T e rre H a u te ..
F la . Cent,. * P e n in s u la r.
F lin t & P e re M a rq u e tte .
F t.W o rth A D e n v e r C ity .
F t. W o ith * R io Gi a n d e .
G eorgia * A la b a m a .........
G ra n d R a p td B * In d ia n a .
C lnoinD all R . & F t. W ..
T ra v e rs e C ity ...................
M usk. G r. R ap . * I n d .
G ra n d T r u n k .................. )
Chic. A G ra n d T ru n k >
D et. Gd. H . A M......... )
Cin. 8 ag . * M ao.............
Tol. Bag. & M usk .........
I n te r n a tio n a l * G t. N o ..
Io w a C e n tra l............... ......
K a n a w h a A .M ic h ig a n ...
K a n . C ity F t. 8. A M em .
K a n . C. M ein. * B irin ___
K a n sa s C ity A O m a h a . ..
K a n . C ity P itts b . A G u lf
K a n . C ity Sub B e lt.........
L ak e E rie A W e s te rn .......
L oulsv. E v a n s v . * S t. L .
L ou isv ille H e n d .* 8 t.L ..
L ouisv ille * N a s h v ille ...
M exican C e n tra l................
M e x le an N a t i o n a l ...........
M inneapolis * Bt. L o u is.
M inn. S t. V. A S te. 8. M ..
M .K a n s a s A T e x a s ........
Mo. Paclflo A I r e i M t ___
C e n tra l B ra n c h ..........
N. Y. O n ta rio A W este rn
N o r f o lk * W e s t e r n .............
N o r t h e r n P a c i f i c ................
O h i o R i v e t . . . . . . ___ ______
O regon K R . * N a v ..............
P e o r i a D ec. * E v a n s v ...
P i t t s b u r g A V e s te r n ----R . o G r a n d e S o u t h e r n ___
R i o G r a n d e Wt s t e r n ____
B t. J o se p h * G d. Is la n d ..
Bt, L o n l s A S a n F r a n .........
B t. L o u i s S o u t h w e s t e r n . .
S h e rm a n S b re v e . A S o ...
S o u th e rn R a ilw a y . . . . . . .
T e x a s C e n t r a l .........................
Texas A P a c i f i c . ............
T o le d o * O h io C e n t r a l . . .
T o l e d o P e o r i a * W c s t ’n .
T o l. B t. L . * K a n . C i t y . . .
Un. P a c . D e n . * G u l f ___
a b a s h .......................................
W e st. N . Y . A P e n n s y l v |
W h e e llm z A L a k e E r i e . . . |
Wisconsin C e n t r a l ..............
In crea se.
1897.
18 9 6 .
$ 6 1 ,4 4 9
3 7 ,3 6 7
9,3 8 9
1 6 4 ,011
9 1 /5 0
125,105
7 2 5 ,0 0 0
177,207
3 0 4 ,1 7 6
93,9 7 3
1 3 7 ,678
8 1 ,5 3 7
9 4 5 ,1 6 5
34,074
36.5 4 3
32,366
18,449
3 9 3 ,924
45 ,2 0 3
2 5 2 ,5 0 0
30,601
6,982
26 .0 1 8
49,5 1 2
72,3 0 7
3 1 ,0 5 0
23.6 4 4
45,189
29,489
50,2 5 7
9,7 0 9
1,028
2,8 0 8
$ 4 9 ,2 5 2
3 0 ,4 7 6
10,111
130,391
90 ,5 6 9
8 0 ,5 5 6
5 3 3 ,0 0 0
1 6 7 ,613
2 4 7 ,5 3 0
79 ,0 2 7
8S.82S
63,379
7 5 5 .2 1 0
22 ,9 4 0
33,1 5 4
14,726
14 ,3 0 4
3 1 3 ,7 9 8
23.35*
1 7 6 ,700
24,2 0 3
6,16*
24,11
4H.376
5 3 ,3 6 8
32,9 0 2
9,356
47,361
28,1 0 0
35,9 1 7
8,041
747
2.027
6 3 2 ,9 0 2
5 3 5 ,024
97,8 7 8
3,4 6 7
2,8 4 6
1 3 0 ,7 4 2
50.424
1 2 ,7 9 0
1 3 5 ,611
40,2 1 4
5.983
93,8 4 2
10,5 1 5
9 0 ,8 7 4
40,7 9 3
15,112
5 7 0 ,2 6 5
3 7 0 ,18 8
1 4 2 ,358
55.325
1 2 9 ,225
4 0 2 ,14 3
8 7 0 ,0 0 0
3 0 .00 0
1 1 0 ,213
2 1 6 ,3 6 3
7 7 1 ,24 2
18,5 7 0
132, *75
23,285
86,322;
11,757!
1 0 6 ,600
26.800
191,997^
1 6 4 ,1 0 0
12,894
5 3 4 ,1 6 9 |
16,203
293.3201
53,132!
24,6 0 7
6 1 .670,
7 7 ,6 7 0
3 1 0 ,9 9 1 1
8 8 .3 0 0 |
4 3 ,4 3 0
1 1 2 ,234
3,2 2 9
1,9 3
1 3 0 ,464
34,5 4 8
10,397
98,234
3 0 ,8 1 2
3,5 2 3
27,8 5 6
5,9 6 9
69,617
3 2 ,0 8 5
9 ,2 6 0
5 0 0 ,3 2 7
2 6 1 .3 2 0
1 3 1 ,0 3 0
4 1 ,7 3 6
74,4 0 4
2 9 2 ,7 1 6
594,000
2 4 .0 0 0
101,210
1 9 2 ,2 3 3
3 8 6 ,4 7 2
17 ,2 3 6
1 0 3 ,8 9 2
19.451
6 7 ,0 7 6
1 0 ,0 1 7
7 2 ,7 0 0
1 4 ,8 0 0
1 4 6 ,0 6 2
1 4 1 ,700
13,867
4 8 0 ,7 1 4
9,5 4 8
2 6 5 ,5 6 7
4 1 ,1 8 6
17,465
5 8 ,9 0 8
70 .7 7 6
2 4 8 ,2 2 4
7 1 ,0 0 0
2 6 ,8 3 7
8 4 ,9 6 0
Decrease.
238
933
278
15,8 7 6
2,393
3 7 ,3 8 0
9,402
2,4 6 0
65,9 8 6
4,546
2 L,257
8,708
5,852
69.938
1 0 8 ,8 6 8
11,328
13 ,5 8 9
5 4 821
1 0 9 .4 2-.
2 7 6 ,0 0 0
6,000
9,003
2 4 ,1 3 0
3 3 4 ,7 7 b
1,334
28,4 8 3
3,8 3 4
1 9 ,2 4 6
1,740
3 3 ,9 0 0
12,0 0 0
45,9 3 5
2 2 ,4 0 0
T o tal (81 roads) . . . . . . . 11 ,4 6 8 ,6 2 6 8 ,8 1 7 ,9 7 3
Net increase (30*06 p. o.)l
.........1
$ 1 2 ,1 9 7
6,891
.........
$722
3 3 ,6 2 0
481
4 4 ,5 4 9
1 9 2 ,0 0 0
9 ,5 9 4
56 ,6 4 6
1 4 ,-4 6
48,855
18 ,1 5 8
1 8 9 ,9 5 5
11 ,1 3 4
3 .3 8 9
17 .6 4 0
4,1 4 5
80,1 2 6
21,845
7 5 ,8 0 0
6,3 9 8
820
1.907
3 ,1 3 6
13,939
....
--
1,852
14,288
1,389
14,3 4 0
1,668
281
781
53.455
6,6 5 5
27,7 5 3
11,9 4 6
7,1 4 2
2 ,7 n 2
6 ,8 9 4
6 2 ,7 6 7
1 7 ,3 0 "
16 ,5 7 3
2 7 ,2 7 4
2 .6 5 6 ,3 7 2
2 ,6 5 0 ,6 5 3
‘2,1*72
973
5 ,7 1 9
[VOL. LXV,
Net Earnings Monthly to Latest Dates.—The table follow
ing shows the gross and net earnings of S t e a m railroads
reported this week. A full detailed statem ent, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statem ent of
this kind will be found in the C h r o n i c l e of November 20,
1897. The next will appear in the issue of December 18,
1897.
------G ross E a r n i n g 8.—
18 9 7 .
18 9 6 .
R o a d s.
$
$
A nn A rb o r.....................O c t.
1 2 5 ,1 0 0
9 8 ,9 5 7
J a n . 1 to O ct. 3 1 ........ 1 ,0 7 0 ,4 1 8
9 6 0 ,2 2 3
A tla n t i c * D a n v’e .a .. O ot.
J a n . 1 to O ct. 3 1 ........
J u l y 1 to O ct. 3 1 ........
5 0 ,6 2 7
4 4 0 ,1 0 6
1 7 9 ,7 6 2
— N e t E a r n in g s .------,
18 9 7 ,
1896.
$
$
3 8 ,8 8 5
3 4 6 ,5 6 5
5 0 .9 7 3
4 4 9 ,6 8 3
1 8 1 ,4 3 3
1 6 ,1 5 0
1 1 4 ,3 1 5
4 8 ,9 9 1
5 2 5 ,5 6 2
B a lt. & O hio S o u th w . S e p t. 5 9 5 ,1 8 0
J a n . 1 to S e p t. 3 0 . . . 4 ,6 8 9 ,8 0 9 4 ,5 7 1 ,2 1 4
J u l y 1 to S e p t. 3 0 . . . 1 ,7 2 1 .8 3 5 1 ,5 6 3 ,6 2 0
C a n a d a A tla n tio —
J u l y 1 to S e p t. 3 0 . . . .
1 8 5 ,2 4 9
1 7 5 ,5 0 4
J a n . 1 to 8 e p t. 3 0 . . . .
5 5 8 ,0 8 4
4 7 5 ,3 2 0
2 0 9 ,9 8 5
,4 1 0 .0 6 5
5 5 2 ,7 7 2
1 5 ,0 9 9
101,104
4 6 ,5 1 7
1 7 8 ,8 8 2
1 ,4 1 0 ,2 9 8
4 9 5 ,6 3 2
5 5 ,6 4 1
1 9 5 ,7 3 9
6 3 ,4 0 5
1 3 3 ,4 4 8
C hic. I n d . & L o u is ___O ct.
3 5 2 ,1 0 9
J u l y 1 to O ct. 3 1 ........ 1 ,2 4 7 ,0 5 1
1 3 3 ,3 6 9
4 6 9 ,0 3 6
8 1 ,1 9 1
3 2 3 ,4 0 2
2 5 7 ,0 5 7
1 ,0 1 2 ,2 0 3
3 1 5 ,9 5 4
Den. & R . G ra r id e .b . 0 ) t .
7 9 1 ,9 5 8
7 2 2 ,2 2 5
3 1 8 ,1 6 5
J a n . 1 to Oct. 3 1 ........ 6 ,0 8 2 ,0 3 8 6 ,0 6 1 ,0 6 0 2 .5 3 3 ,0 5 2 2 .4 3 7 ,6 6 9
J u l y 1 to O ct. 3 1 ........ 2 ,9 0 6 ,3 8 3 2 ,3 9 2 ,1 4 4 1 ,1 9 3 ,7 4 4 1 .0 7 2 ,1 8 8
D e tro it & M aok’o .a .O c t.
3 3 ,9 5 6
1 9 ,2 6 7
8 ,5 7 4
1,1 6 2
9 8 .5 7 4
J a n . 1 to O ot. 3 1 ____
4 0 0 .6 28
3 5 6 ,3 5 0
1 1 6 ,3 6 5
2 7 ,1 6 2
J u l y 1 to O ot. 3 1 ........
1 3 6 ,3 3 9
9 8 ,4 4 3
2 2 .1 5 7
6 9 ,7 9 6
F t. W. & D e n v . C ity . O ot.
1 5 1 ,6 9 4
1 2 3 ,5 0 2
5 5 ,6 0 1
9 8 4 ,8 7 5
7 7 6 ,0 5 8
J a n . 1 to O et. 3 1 ........
2 3 5 ,7 1 8
1 4 3 ,5 5 2
G ra n d R a p .G a 8 L .C o ..N ov ................... ..
..............
1 4 ,6 6 3
1 2 .4 4 9
1 1 4 ,4 3 0
J a n . 1 to N ov. 3 0 .......................................................
1 0 3 .0 5 5
8 ^ 8 .7 4 4
Illin o is C e n tr a l, a _ O ot. 2 ,4 3 9 ,3 9 0 2 ,2 4 3 ,6 2 0
_
8 2 1,522
J a n . 1 to O ot 3 1 ........1 9 ,6 0 4 ,2 9 7 1 7 ,8 1 7 ,2 0 9 5 ,5 6 0 ,3 6 9 4 ,9 8 7 .5 4 9
J u l y 1 to O ot. 3 1 . . . . 8 ,9 4 5 ,3 1 8 7 ,4 4 3 ,1 6 1 2 ,6 0 4 ,3 6 3 2, L o3,223
6 8 .1 7 3
1 6 5 ,2 5 7
Io w a C e n t r a l .b ..........O ot.
1 7 9 ,6 4 3
6 0 .2 8 8
J a n . 1 to O c t 3 1 ......... 1 ,3 9 3 ,4 1 4 1 ,4 6 7 .2 1 7
4 5 0 ,6 0 5
5 0 2 ,5 3 1
5 6 1 ,5 7 2
2 3 5 ,2 0 6
J u l y 1 to O ct. 3 1 .........
6 4 6 ,1 5 5
1 8 0 ,9 7 3
1 3 ,6 7 0
4 1 ,9 3 5
1 1 ,9 ) 2
K a n a w h a * M io h . b . . O ct.
5 0 ,1 0 9
3 7 9 ,9 7 4
1 1 3 ,9 4 6
J a n . 1 to O ot. 3 1 ........
4 3 6 ,23L
8 9 .5 4 6
5 8 ,0 *3
1 4 9 ,9 5 3
J u ly 1 to O ot. 3 1 ........
1 9 2 ,5 9 4
3 4 .8 53
4 4 4 ,0 6 5
1 6 4 ,0 4 7
K an . C. F t. 8. & M .a .-O o t,
4 7 7 ,0 1 7
1 5 4 ,8 )8
J a n . 1 to O c t. 3 1 ........ 4 ,0 2 0 ,6 6 3 3 ,7 1 0 ,4 1 2 1 ,2 6 7 ,9 * 5 1 ,1 8 1 ,1 9 4
5 * 2 ,6 2 4
J u l y 1 to O ct. 3 1 ........ 1 ,7 5 2 ,3 6 4 1 ,5 7 3 ,8 2 6
5 2 6 ,3 9 9
1 2 9 ,4 0 6
2 7 ,9 3 9
4 5 ,5 5 2
K a n . C. M e m .& B .a .- O c t.
1 0 1 ,1 9 3
9 4 9 ,7 5 2
1 8 3 ,2 3 1
J a n . 1 to O ct. 3 1 ........
9 4 8 ,2 7 1
2 o 5 ,4 8 0
4L1,45:>
7 1 ,7 2 3
J u l y 1 to O ct. 3 1 ........
3 6 3 ,9 3 2
1 2 1 ,5 48
2 1 ,0 2 6
K a n . C. & S ub. B e l t..O c t.
4 3 ,6 4 9
9 5 ,9 9 9
7 7 ,5 5 0
L a c le d e G as-L . C o ...N o r .......................
7 5 3,748
6 6 7 ,9 8 8
J a n . 1 to N ov. 3 0 . ...........................
1 0 4 ,0 1 0
3 2 0 ,4 0 3
8 9 ,4 8 0
L o n g I s la n d R R .b .- .O c t.
3 6 2 ,4 2 7
J a n . 1 to O ot. 3 1 - . . . . 3 ,5 5 8 ,7 4 9 3 ,4 1 8 ,8 7 8 1 ,1 2 1 .0 3 9 1 ,2 0 7 ,2 0 2
7 8 9 ,5 9 5
J u ly 1 to O ot. 3 1 ........ 1 ,8 9 7 ,8 0 7 1 ,7 5 3 ,6 3 2
7 5 9 ,5 2 8
1 0 5 ,7 8 5
33 3 4 44
8 4 ,5 6 6
L o n g I s l’d R R S y s .b .O c t.
3 3 0 ,7 9 6
J a n . 1 to O ct. 3 1 ........ 3,8-^2,966 3 ,7 7 3 ,8 4 6 1 ,2 1 2 ,8 72 1 ,2 6 0 .2 7 5
9 1 3 ,1 9 2
J u l y 1 to O c t. 3 1 ........ 2 ,1 3 0 ,1 0 7 2 ,0 0 0 ,5 4 1
8 6 9 ,9 8 7
4 9 0 ,2 2 5
* 2 3 7 ,8 9 0
* 2 6 4 ,9 2 2
M e x ic a n N a tio n a l— O ot.
5 2 5 ,2 1 3
J a n . 1 to O ct. 3 1 ........ 4 ,9 8 6 ,8 5 9 4 ,2 5 1 ,2 4 1 2 ,4 1 1 ,5 0 7 * 1 ,9 0 9 ,4 9 9
4 4 3 ,9 5 1
2 7 1 ,5 7 9
2 2 7 ,5 0 8
M in n .B t.P .* S .S te. M .O ct.
4 7 9 ,0 7 2
J a n . 1 to O ct. 3 1 ........ 3 ,1 2 8 ,8 0 2 3 ,0 9 5 ,4 0 7 1 ,3 1 0 ,0 LO 1 ,2 8 3 ,3 5 2
2 8 8 ,6 8 5
9 0 2 ,2 1 5
9 5 5 ,8 9 3
2 1 4 ,5 4 3
N o rfo lk & W est’n .a .. -O ct.
J a n . 1 to O ot. 3 1 ........ 9 ,0 0 3 ,2 7 7 9 ,1 9 4 ,1 0 6 2 ,6 2 0 ,4 2 5 1 ,8 2 3 ,8 5 6
7 0 7 ,5 3 4
J u l y l to O ct. 3 1 ___ _ 3 ,8 8 3 ,1 7 6 3 ,5 2 9 ,8 6 2 1 ,2 6 0 ,4 9 0
2 3 *,024
5 7 0 ,0 0 9
O re g o n S h o r t L in e ....O o t.
5 8 8 ,8 >8
2 5 4 ,1 5 8
J a n . 1 to O c t. 3 1 ___ _ 4 ,8 9 0 ,2 0 9 4 ,5 7 8 ,8 0 5 2 ,2 1 6 ,1 7 1 1 ,8 7 6 ,0 9 7
8 6 0 ,8 6 5
6 2 5 ,9 7 0
J u ly 1 to O o\. 3 1 ........ 2 ,1 8 4 ,2 0 4 2 ,0 2 0 ,1 7 3
5 2 7 ,5 6 1
5 3 3 ,0 6 2
1 9 2 .5 5 5
2 0 4 ,0 0 4
P liila. & E r i e . b . .........O ct.
J a n . 1 to O ct. 3 1 ........ 3 ,7 5 8 ,8 1 3 3 ,6 8 4 ,5 8 L 1 ,1 1 7 ,4 1 8 1 ,0 5 2 ,3 6 2
2 0 4 .2 >6
7 3 6 ,9 8 1
1 8 8 ,9 3 6
P h il a. W ilin. & B a lt..O c t. 7 9 8 ,2 8 1
N ov. 1 to O ct. 3 1 ____ 8 .7 9 1 ,4 3 0 9 ,0 4 7 ,1 3 0 2 ,3 8 7 ,2 2 2 2 ,3 5 3 ,1 2 2
2 4 9 ,1 0 4
9 4 ,1 3 3
P i t t s b u r g * W e s te rn .-O c t. 2 9 4 ,5 7 1
9 8 ,3 3 7
7 7 4 .7 9 8
8 1 7 ,6 2 5
J a n . 1 to O et. 3 1 ........ 2 ,4 3 2 ,8 5 1 2 ,4 3 L,4 2 6
9 9 2 ,5 0 7
3 2 5 ,3 9 8
3 7 1 ,2 4 2
J u ly 1 to O ct. 3 1 ........ 1 ,1 3 1 ,5 6 3
1 6 ,2 9 3
3 9 ,1 4 1
2 0 ,1 0 3
R io G r’n d e S o u th .b .O c t,
3 5 ,8 9 8
3 7 8 ,9 4 4
1 1 4 ,1 4 5
1 5 3 ,4 8 ?
J a n . 1 to O ot. 3 1 ........
3 0 7 ,0 -0
4 6 ,6 6 6
1 5 8 ,6 1 9
7 0 ,8 9 j
J u l y 1 to O ot. 3 1 ........
1 3 1 ,5 4 4
2 3 9 ,6 4 7
1 3 3 .5 8 4
9 1 ,1 5 0
R io G ra n d e W e s t.b ..O o t.
3 4 5 ,8 7 8
9 1 3 .2 77
6 8 0 ,9 0 1
J a n . 1 to O ct. 3 1 ........ 2 ,4 1 3 ,1 7 8 1 ,9 8 3 ,1 5 2
4 8 9 ,7 5 6
8 7 4 ,8 1 7
J u ly 1 to O ot. 3 1 ........ 1 .2 3 9 ,1 8 3
2 9 7 ,5 4 8
2 5 5 ,5 3 5
6 1 ,711
1 1 6 ,4 0 4
S a n A n t. & A ra n . P . .O c t.
176,801
3 8 5 ,9 6 5
5 2 0 ,1 0 3
J a n . 1 to O ct. 3 1 ......... 1 ,6 5 6 ,0 1 7 1 ,6 6 6 ,8 1 1
2 6 2 ,9 3 0
8 5 0 ,9 2 5
3 6 9 ,9 7 5
J u ly 1 to O ot. 3 1 .........
7 52,868
S o u th e rn P a c if ic .b ..O o t. 4 ,4 3 1 ,3 6 9 5 ,1 7 9 ,9 1 2 1 ,8 6 2 ,6 7 8 2,3 21,970
J a n . 1 to O ct. 3 1 ........4 1 ,1 8 1 ,3 5 6 3 9 ,8 1 8 ,0 4 1 1 4 ,7 3 3 .9 9 5 1 3 ,3 9 2 ,0 3 1
J u l y 1 to O c t. 3 1 ........1 8 ,7 6 1 ,7 2 8 1 7 ,6 2 4 ,2 1 0 7 ,9 8 6 ,4 1 7 7 ,0 9 0 ,0 8 7
14 6 ,6 8 3
6 5 ,2 3 2
T oledo& O hio C en t, b . O ot.
186,989
3 4 ,0 1 5
4 0 1 ,1 3 7
3 9 5 ,0 0 0
J a n . 1 to O c t. 3 1 ........ 1 ,3 6 4 ,3 4 8 1 ,4 7 2 .3 9 2
5 9 9 ,6 8 1
1 4 2 ,4 4 4
1 5 5 ,6 7 3
J u l y 1 to O ot. 3 1 ........
5 3 8 ,6 6 9
6 6 ,1 0 9
T o l .P e o r ia * W est.b ..N o v ,
8 7 ,8 2 1
1 2 ,4 4 4
2 2 .6 2 3
8 6 8 ,8 7 9
2 3 9 ,0 7 5
J a n . 1 to N ov. 3 0 ........
8 5 4 .4 7 4
2 2 1 .8 2 8
389,8.68
9 8 ,3 4 3
12 5 ,0 2 8
J u l y 1 to N ov. 3 0 . . . . .
4 3 3 ,7 8 5
3 5 ,3 4 5
2 0 ,9 4 5
2 1 ,0 7 0
W .V irg in ia * P itts b S e p t.
3 8 ,2 0 8
2 9 1 .6 6 2
13 4,816
J a u . 1 to S e p t. 30 . . .
2 9 3 ,5 7 4
1 5 0 .7 0 6
9 9 ,8 2 5
5 4 ,8 3 4
J u l y 1 to S e p t. 3 0 ----10 8 ,2 2 1
5 7 ,2 7 9
3 1 3 ,4 5 3
1 4 0 ,5 9 8
W e s t.N .Y .* P e n n . b .. O c t.
3 4 1 ,7 5 1
1 2 9 ,8 2 3
8 0 3 ,9 6 7
J a u . 1 to O ot. 3 1 ........ 2 ," 4 2 ,fl68 2 ,5 5 9 ,0 5 9
9 1 0 ,3 9 3
4 8 1 ,1 1 0
5 2 4 ,3 4 0
J u l y 1 to O ct. 3 1 ........ 1 ,2 6 0 ,2 3 0 1 ,1 9 3 ,5 7 5
a N e t e a r n in g s h e r e g iv e n a r e a f t e r d e d u c tin g ta x e s ,
b N e t e a r n in g s h e re g iv e n a r e b e fo re d e d u c tin g ta x e s .
* D e d u c tin g o th e r e x p e n d itu r e s fo r r e p a ir s , re p la c e m e n ts a n d g e n e r a l
e x p e n s e s , n e t in c o m e a p p lic a b le to in te r e s t o n bondB in O c to b e r w a s
$ 1 0 2 ,5 7 3 , a g a in s t $ 1 2 4 ,9 9 5 la s t y e a r , a n d fro m J a n u a r y 1 to O c to b e r
31 , $ 1 ,1 8 4 .8 1 0 ,a g a in s t $ l,0 9 7 ,9 9 6 .T h is is th e r e s u l t in M ex ic a n d o lla rs
tr e a te d (a c c o rd in g to th e c o m p a n y ’s m e th o d o f k e e p in g i t s a c c o u n ts )
as e q u iv a le n t to 8 0 c e n ts i n U n ite d S ta te s m o n e y —t h a t is, a ll d e p r e d
a tio n b e y o n d 20 p e r c e n t h a s a lr e a d y b e e n a llo w e d fo r.
Interest Charges aud S nr pin*.—The following roads, in
addition to their gross and net earnings given in the fore
going, also report charges f >r interest, 5bo., with the surplus
or deficit above or below those charges.
THE CHRONICLE
D ecbmbeb I t , 1897,J
- I n i . R e n ta ls , &e. — * r—B a l. o f y e t E a m ’gs,—.
$
2 0 5 ,3 1 9
7 9 5 ,1 2 9
1 1 ,4 9 6
4 6 ,0 5 8
U 3 ,5 8 0
4 5 9 ,5 7 0
1 0 ,5 4 9
6 5 .4 9 6
1 0 0 .4 9 3
4 0 8 ,2 5 2
1 1 1 ,7 4 3
4 8 4 ,0 2 8
1 4 .1 4 0
5 6 .5 6 0
3 3 ,4 ^ 2
1 5 1 ,0 0 3
2 2 .3 7 3
1 1 1 ,8 6 4
Boad*.
D e n v e r & B io G rM e. .O o t,
J u l y 1 to O ot. 3 1 ........
_
K a n a w h a * M i c h _ O ot.
J u ly 1 to O ot. 3 1 ___ _
K a n . C. F t. 8. A M „ . .O o t,
J u ly 1 to O ct. 3 1 ____
a n . C. M em . A B ir..O o t,
J u ly 1 to O ot. 3 1 ___ _
L o o g Is la n d R R . . . . . O o t ,
J u ly 1 to n e t 3 1 ........
L o n g I s la n d HR. S y - O ct.
J u l y 1 to O ot. 3 1 ........
R io G ra n d e B o o th — O c t
J u l y 1 t o O ot. 31 . . . .
T o led o & O . C e n t . - . . O c t
J u ly 1 to O e t 3 1 . . . .
T o t. P e o ria A W e s t...S o v .
J u l y 1 to N o v . 3 0 ------
£
2 0 0 ,0 3 7
7 8 1 ,9 3 5
1 0 ,1 9 3
4 1 .0 2 7
1 1 3 ,8 9 7
4 6 3 ,2 5 8
1 6 ,4 2 5
6 5 ,4 6 8
9 4 ,4 5 0
4 1 0 .0 7 0
1 0 5 ,3 8 2
4 5 ? ,1 6 5
1 4 ,1 0 7
5 5 ,4 2 6
3 9 ,4 2 8
1 4 7 ,6 5 0
2 1 ,9 7 3
1 0 9 ,8 6 4
$
1 1 0 ,6 3 5
4 0 4 ,6 1 5
7 .1 7 4
1 2 ,0 2 5
5 0 ,4 6 1
1 2 3 ,0 5 4
1 1 ,3 9 0
6 ,2 2 7
’ * 1 6 ,473
* 4 5 3 ,8 7 7
'6 ,9 9 3
* 5 3 6,098
2 ,1 5 6
d e f.9 .8 9 4
*27,141
*5,826
250
1 3 ,1 6 4
s
1 1 8 ,1 2 8
2 9 0 ,2 0 3
1 ,7 0 7
d e f.P ,1 6 4
4 0 ,9 1 1
6 3 ,1 4 1
2 9 ,1 2 7
5 6 ,0 8 0
*7,026
*413,054
’d e f.8 ,8 2 0
*478,418
6 ,0 0
15,472
* d ef.5,171
*def.3,871
d e f.9 ,5 2 9
d e t. 11,521
I t e lu d e s o th e r in c o m e .
S T R E E T K V l U T t t S A .N D T R i C D O * C O K P A .N I E S .
T h e fo llo w in g ta b le s h o w s t h e g ro ss e a r n in g s fo r th e la te s t
p e rio d o f a ll s t r e e t ra ilw a y s f r o m w h ic h w a a r e a b le to o b
ta in w e e k ly o r m o n th ly r e tu r n s . T h e a r r a n g e m e n t o f th e
t a b l e i s 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
fir s t tw o o o ln m n s o f fig u r e s g iv e t h e g ro s s e a r n in g s f o r th 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 o o lu m n s th e e a r n in g s
f o r t h e c a l e n d a r y e a r f r 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 .
STREET
R A.tLW A.Y8 A N D T R A C T IO N
L .itr-l O ra n E a r n in g * .
G ao s*
Ea w b H .
1897.
1896.
C O M P A N IE S .
J a n . l l o L a te s t D ale
1897.
j
1896.
*
i
1
$
8 4 .019
87.453*
A k ro n Bet! (VI A C lev O c to b e r . .. 10,060 10 6 6 2
3 910
3 7 .4 1 4 ,3 0 7
36,583!
A m s te rd a m 8 t R y . S e p te ra b 'r .
8 .0 *0
7 5 ,6 9 .'
7 3 ,7 9 0
A tla n ta R a ilw a y
. O c t o b e r . ..
6,5 9 2
7 ,7 2 1
A tla n tic C n a .t E ire . O c to b e r . ..
6 ,2 8 2
............
............. |
A tl. M ig h t'd a R e d B 'h
1,6 4 0
3 .4 5 0
35,719!
k lA>ug Hr. E le e .R y . O c to b e r ..
B a ltim o re C on. B y,* ...
17 9 .8 5 7 i : o 00» 3 .1 3 6 .4 1 3 (2 .0 8 0 .5 1 1
17,596
1.7 4 7
4.489
17,346;
B atli S t B y . (M ain e). O c t o b e r .. .
____
6 ,5 9 0
B a y C ttte# C o n so l_ O c t o b e r ...
0 ,9 8 1
_
B la u b a m to n 8 t, B y ... O c to b e r . . . 11 ,8 7 2 10,3 8 5
2 9 3 .8 1 4 2 9 6 ,8 8 3
B rid g e p o rt T r a c t i o n . N o v e m o ’r . 2 5 ,7 6 5 23,641
2 8 9 ,0 4 0 1 2 7 0 ,0 3 3
B ro c k to n C on. S t. E y O c to b e r .. ■ 3 2 ,6 1 6 3 0 ,3 3 6
B r ik lj n B ap . T r. Co.—
B ro o k ly n H e ig h t* )
4 3 3 ,7 0 1 4 2 1 .461 4 ,9 3 6 ,9 6 3 4 ,8 4 4 ,1 0
B 'k ly o y n » A S a b . 5
B u ffalo B o ll w a y .—
.............. 1 ,0 1 7 ,1 2 9 1 ,0 28 ,5 4 7
C ln A M laualV ai.T rsio A u g u s t___i 9,471
1,552!
19,* 9 ’
C ity E lec. (R n tn e.G a.) O c to b e r ...! 2 ,( 2 1
C le v e la n d E l e c tr ic ... O c to b e r ... 1 4 2 ,1 9 1 1 3 1 .3 4 6 1 ,3 4 6 ,7 0 - 1 ,3 78,812
8,3 eoi
G love. P a la s v A E
O c to b e r .
5 7 7 ,3 7 8
C o ln n ib u s S t. R y. lO.) N o v e m h 'r.
9,7*7,
C o o ey Is la n d 3 c B Tyn. S e p te m b 'r . . . . . . . . . ............2 8 7 ,8 0 8
C o n ao lfd T ru e . <N. J .) O c to b e r ... 2 6 4 ,3 5 9 2 1 1 ,1 5 3
............
----* .-*
Daisy* G a* E l, L ig h t &
*5,6441
S tr e e t R y . . . . . . . . . . O c to b e r ,..
8 ,9 2 6
D e n v e r C on. Tracnw . O c to b e r . . . 7 3 ,8 7 3 7 1 ,3 1 1 6 0 1 .3 3 5 1 6 1 3 ,5 5 5
D e tr o it &U*Q6*St.Ry N o v e m b 'r. 9 0 .6 2 1 8 3 .993(1.002,8301 *>50,341
D etroit; E lec . R y . . . . . N o v e n ib ’r. 31,757; 3 1 ,7 5 6 3 5 8 ,3 4 1 , 3 8 9 ,2 2 0
D u lo ih 8 t, R y ______ O c t o b e r .. . 1 5 ,7 8 5 17,641 1 5 6 ,871 f 1 81,688
E n g le w o o d & CW o
-iepfcemb’r,I 6 ,3 5 7
1 2 8 ,7 4 6
E rie E lec M o to r Co . O c to b e r . .. io,atl 1 0 ,0 5 2 1 1 7 ,5 0 5
163,39w
G a lv e s to n C ity R y .. J S e p to m b ’r.j 1 9 JJ4 0 19,148
1 61,692
- H a rris b u rg T r& o tto n .(O c to b e r ...I 1 8 ,8 3 0 17*058
H e r k im e r M ohuw k 11*
3 2 ,7 5 9
3 5 ,5 6 9
3 ,2 9 0
Ion F fe fo rt E l. Ry. O c to b e r ...: 3 ,0 5 0
6,5 4 1
7,233
600
H oofliek R y . . . . . . . . . . . O c to b e r . . .
0 l9
9 2 ,5 9 5
9 5 ,AOs'
H oh*to n E lec . 8*. R y . 'J u n e .......... 17,3 4 7 17 ,8 3 3
I n t e r s t a t e C onsoL oi
1 04,287
1 0 3 ,8 2 4
N o rth A ttle b o ro — O c to b e r . . J 10,9 5 6
9,8 7 4
45.4AM
4 5 ,7 4 6
K in g s to n C ity R y , . . . ..O c to b e r ...
4,593
4 ,4 5 3
9 1 ,4 ^ 5
L e h ig h T r a c tio n . . . . . O c to b e r ...!
9 ,7 2 9
1 0 1 ,-5 7
9 ,0 5 7
85,2 4 1
L o n d o n 8 t Ry. (C an,). O c to b e r ...
7,1 2 *
7 ,3 9 8
3 5 1 ,3 5 2
L o w e ll La w . & H a v .. O c to b e r . .. 3 4 ,9 7 3 30,328! 3 7 5 ,081
M etro p . (K a n sa s C ity) ith w k X o v 4 4 .6 9
3 8 .6 1 0 1 ,7 03,314 1 ,1 3 0 ,1 1 7
M etro . W .S id e (C hic.) O c to b e r ... 7 9 ,5 2 8
47,794
M o n tg o m e ry 8 t. R y .. O c to b e r ...
3 ,9 6
4,6X0
4 7 ,4 8 5
M o n tre a l S tr e e t R y ... O c to b e r . . . 116,293 1 0 9 ,1 1 0 1 ,1 3 0 ,8 8 3 1 ,0 7 2 ,0 2 9
2fa»«aa E lec . (B ’k t y o ^ o c t o b e r .. . 1 5 1 ,221 1 2 9 ,8 4 3 1 ,6 2 5 ,8 /' 1 ,2 23,197
7 5 ,4 2 0
N e w b a rg h E l e c tr ic ... O c to b e r ...
6,1151
7 1 ,6 3 2
0 ,3 7 6
N e w L o n d o n 84. R y . O c to b e r
3,2.65
4 7 ,1 2 6
47.301
3*443
N* w O rle a n s T r a c tio n :N o v e m b ’r . 8 7 ,4 8 -V• 9 -.9 7 7 :1 ,1 2 7 ,7 6 7 ! 1 ,2 0 7 ,6 5 1
N o rth S h o re T ra c tio n [N o v e m W r. 1 0 3 ,7 4 1 1 0 0 ,8 2 1 1 ,3 4 0 ,0 4 1 1 ,3 3 4 ,2 0 5
1 4 ,825
Ogdens* b a rg 3 1. K y ,.. O cto b er.. .
1.070
1,462
16,474!
F a te r s o n R y ................ O c to b e r . . . 3 0 ,8 0 8 24,612! 2 8 8 ,5 3 6
2 70,101
8 ,0 5 2
10,84'i
1,298
3,21*
F lt ta b .F t.8 a b . E l. R y J a n e . . . . . .
flfi
"
6,3 5 2
7 3 ,-7 6
74.C 58
7 ,2 6 0
F o T te ep sie *fe W app. F O c to b e r . . .
8,4 7 8
R ic h m o n d T r a c tio n .. O c to b e r . . . 12,1 1 5
6 5 2 .3 7 3
5 8 9 ,8 9 8
R o c h e s te r R y ............... S e p te ra b ’r.;
7 4 ,7 4 0
5 ,8 0 0
0,6 7 3
6 7 ,883
B o i 'd b f h .H < N o r’n O c to b e r —
te
7 2 ,8 1 6
6 7 ,0 0 0
S c h u y lk ill T r a c tio n .. S e p te ra b ’r.
53 : 8 ,4 3 0
4 5 ,5 2 5
6,0 2 8
S c h u y lk ill V al. Erao S e p te ra b ’r .
3 ,5 2 6
Scran t*»n A C arb o m fe!O cto b er...
6,123
S cran to n * F ittsto n O c to b e r...
fe
3 2 0 ,7 5 6
S c ra n to n R a ilw a y .. . N o v e m b ’r . 3 3 ,2 8 4 3 0 ,2 0 1 3 2 9 ,4 9 2
2 7 ,2 4 3
2,949
31.881
2,9 0 1
S y rac tise E ’nt-S ideR y. O c to b e r . ..
3 5 4 ,0 2 2
S y ra c u se R ap . T r Ry. O c to b e r ... 3 7 ,0 6 2 3 2 ,3 0 3 3 5 4 ,^ 8 0
T erre H a u te E l’o. R y . S c p te m b ’r. 14,2 5 9 1 3 ,7 0 5 1 i l , 7 9 0
120,341
2,000,8.57
T h ird A v e n u e (N /Y .j. S e p te m b ’r.
893.7H1.
T o r o n to Ry . . .
. . . . , N o v e m b ’r . 8 8 ,0 0 8 T4 ,0 1 7 9 5 8 ,9 4 6
T w in C ity R ap. T ra n O c to b e r ... 1 0 7 ,6 7 0 1 5 9 ,3 4 0 1 ,6 3 2 ,9 2 2 1 .7 0 7 ,0 7 6
U n io n (S . B e d f o rd ). u t- .h e r ... ' 21,1 7 9 : 1 8 .2 6 2
1 8 2 ,5 5 4 1 8 7 ,4 0 0
............................O
U n ite d T ra c t. (P itts .) O c to b e r ... 125 281 123,141
U n ite d T ra c t, (P ro v .) 'O c to b e r -- 1 4 1 .4 2 7 1 3 S .9 3 3 :1,-111 5 3 1 ,440,591
',2
164,21
U n it. T ru e, i R eadings O c to b e r
1 6 7 ,0 0
1 1 .8 4 1 13,4 7 2
5 1 ,4 8 6
4 9 ,5 8 6
W akefield ,% S to n e ... O c to b e r . . .
4 ,9 3 7 : 3 ,7 7 6
108,69.
W a 'e rb u ry T fu d tio n . O c to b e r . . 2 2 ,4 0 9 2 0 ,3 4 8 1 2 1 1 ,8 9 9
W e s t Chlefkgo » L Ky W k. D ec. 2 7 0 ,2 1 9 . 66 ,4 6 6 :
1 3 8 ,0 9 3 1 1 4 0 ,2 3 5
W h ee lin g Kail w a y ... O c to b e r , , . . 1 5 ,1 5 8 13,778
w ilk e sb , A ViOr. 7 A lley!O c to b e r .
* 5 .8 3 6 44,081* 4 0 1 ,8 1 b 4 2 0 ,7 1 “
III 1
this week. In reporting these net earnings for the street rail
ways, we adopt the same plan as th at for the steam roads—
that i s , we print each week all the returns received th a t
week, but once a m onth (on the third or the fourth Saturday)
we bring together all the roads fam ishing returns, and the
latest statement of th is kind will be found in the Ohroniole
of November 30, 1897. The next will appear in the issue of
Doember 18, 1897.
H oads.
B ro c k to n O o n .8 t.B y ..O ot.
J a n . 1 to O c t. 3 1 ____
B rid g e p o rt T r a o t’n . N ov.
J a n . 1 to N ov. 3 0 ........
J u ly 1 to N ov. 3 0 ........
C o lu m b u s (0 ,)8 t, R y ..N o v.
J a n . 1 to N ov. 3 0 ........
L o w ell L t w r ’ce & H ..O o L
J a n . 1 to O ot. 3 1 ........
S c ra n to n R a ilw a y ... N ov.
J a n . 1 to N ov. 3 0 ........
J u ly 1 to N ov. 3 0 ........
-G ross E a r U n g s .-— */- — R e t B a r t itn p j.------,
1896.
18 9 7 .
1897.
1896.
*
$
$
$
3 2 ,6 1 6
3 0 ,3 3 6
1 5 ,085
1 5 ,8 9 5
2 8 9 ,0 4 0
27 0 ,0 3 3
8 6 ,9 1 8
1 1 3 ,8 4 7
2 5 ,7 6 5
2 3 ,8 4 1
1 2 ,196
1 0 ,5 5 8
2 9 3 ,8 1 4
2 9 6 ,8 8 3
1 2 7 ,9 9 3
1 2 9 ,9 6 3
1 4 5 ,8 7 3
1 4 7 ,1 0 0
7 3 .5 7 6
6 4 ,1 3 3
4 9 .7 8 7
4 8 ,0 7 7
2 6 ,3 0 3
2 4 ,2 9 3
5 5 3 ,4 0 5
5 7 7 ,3 7 3
2 9 1 ,5 6 4
2 9 4.91 3
3 0 ,3 2 8
3 4 ,9 7 3
15,621
1 2 ,2 8 0
3 5 1 ,3 5 2
37 5 ,0 8 1
1 5 1 ,4 1 9
1 4 5 ,6 1 7
3 0 ,201
3 3 ,2 8 4
1 8 ,6 3 1
14 ,5 2 8
3 3 9 ,4 9 2
3 2 0 ,7 5 6
1 6 5 ,3 8 7
1 5 2 ,1 1 9
1 6 6 ,6 4 3
1 5 8 ,9 7 7
8 8 ,5 5 1
7 3 ,3 9 5
ANNUAL REPORTS.
Annual R e p o r t s . — T h e f o l l o w i n g i s a n i n d e x t o a l l a n n u a 1
r e p o r ts o f s te a m ra 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 i e s w h i c h h a v e b e e n p u b l i s h e d s 'in c e t h e l a s t e d i t i o n s
o f th e I n v e s t o r s ' a n d S t r e e t R a 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 n o t 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 ilroads and Mis c b 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 tU o rc .
V olum e 6 5 —
Page.
V olum e 6 5 —
Page
A kron k Chicago J u n o ....... ............578
P e n n . H e a t . I d a h t a n d P o w e r ......... 823
American Cotton Oil ........9 7 5, 98:$ R ic h m o n d F r e d k s b . & P o t o m a c . . , 10ts9
American Tyne F ounders............... 822 S t. P a u l M irra. & M a n .............................. 931
BaUlai«*ro 6c Ohio ............953, 973, 978 S u n A n t o n i o & A r a n s a s P a s s .......... 932
Balt. A Ohio S outhw .............1020, 1026 S a n d u s k y M a n sfie ld & N e w a r k ___974
B angor A A roostook........................ 97$ S e a b o a r d & R o a n o k e ................................821
Central Ohio. .................................. 974 S o u t h C a r o lin a & G e o r g ia ................ 1019
Central P a d lle ...................
- .805, 878
-. .
Columbus A Cincinnati M idland,.. ^71 S o u t h e r n P a c i f i c ........................... 847, 871
D etroit A M ackinac...................
1020 S o u t h e r n P a c if ic o f C a l if o r n ia . 9 2 L 931
G reat N orthern — ......... 904, 92L, 927 T o le d o & O h io C e n t r a l ..................
923
H ouston Kaat k W est T exas.........822
V e r m o n t V a lle y A S u l li v a n C o . . . . S67
H oast« n & T ex a» C en tral.. . ........ 806 W e b b a e b C o m m e r c ia l Co ................. 1021
«
la te r national Ibieklug C o ............. 1021 W e s t V i r g in ia & P i t t s b u r g .............. 821
Iron S team boat Co . . . . . . . . . . . . . . . . 1021
St r e e t R a il w a y s .
K anaw ha & Michigan ...................1021
1 022
Kansas City Ft. Scott k M emphis. 821 B r o c k to n St r e e t ....... ............
Kansas City Memphis & Bir ........ 820 G lo b e S t. f F a ll R i v e r ) . . . ....................1 022
Kansas City P ittsburg & G ulf.........1068 H a r t f o r d S t r e e t R y ,. ............................ 1069
Maine C entral. . .
. . . . . . . . . . . . . 821 H a r t , M a n e h e s ’r & I to c k v ’e T r a m . 1069
M anhattan fly., N. V. City............... 923 H a r t f o r d k W e s t H a r t f o r d ......... .1069
Morgan tb a lo r Llboi y po Co. . . . . . . . . SO7 L o w e ll L a w p e a c e a H a v e r h i l l . . . , 102-3
Michigan IV ulnsular C a r .............. 808 L o W o il & S u b u r b a n . . . . .............. ..1 0 2 3
Missouri Kaiisa-* k T exas........— 820 L y n n & B o s t o n ......................................1021
Newark Som erset & S cn iltsv llle ... 974 S p r in g f ie ld (M a s s .) S t. R y .................. 1022
New Jersey A New York,........ .
822 W e s t E n d S t. B y ....................................1021
t>6rj
N o r f o lk & S o u t h e r n .
W o r c e s te r C o n s o lid a te d S t. R v . . . 1022
Richmond & Petersburg Railroad.
( Earnings fo r t h e year ending June 30, 1897,J
Results
c o m p a re w ith p re v io u s
EARNING8, EXPENSES
1896-7.
$
G ro«s r e c e i p ts ........... ............. .3 9 1 ,2 1 3
O p e ra tin g e x p e n s e s .......... . .2 3 2 ,1 7 7
y e a r s a s fo llo w s :
AND CHARGES.
1895-6.
1894-5.
$
*
4 0 8 ,4 0 3
3 7 4 ,9 2 5
2 5 2 ,1 9 4
2 5 1 ,5 6 2
1 8 0 3 -4 .
$
3 6 6 ,7 0 8
2 4 7 ,5 1 8
N e t r e c e i p t- ....................... .1 5 8 ,7 3 6
4 ,5 6 0
A d d r e n ta ls a n d i n t e r e s t . . .
1 5 6 ,2 0 9
5,5 0 3
1 2 3 ,3 6 3
4,9 4 2
1 1 9 ,1 0 0
6 ,0 9 4
T o t a l.................................... .1 6 3 ,2 9 6
I n te r e s t p a id ............................. . 3-1,175
D i v i d e n d s - .. . .........................- . 7 0 ,0 0 0
1 6 1 ,7 1 2
34,745
7 0 ,0 0 0
1 2 8 ,3 0 3
3 5 ,8 7 8
6 5 ,0 0 0
1 2 5 ,2 3 4
3 0 ,5 4 0
6 5 ,0 0 0
1 0 4 ,7 4 5
T o t a l..................................... .1 0 4 ,1 7 5
1 0 0 ,8 7 8
5 6 ,9 6 7
2 7 ,4 2 7
B a la n c e , s u r p lu s ..................... . 5 9 ,121
GEKEKAt, BALANCE SHEET JUNE 3 0 , 1 8 0 7 .
L ia b ilitie s .
Assets.
C a p ita l s to c k ................... $1
C o n s tr u c tio n a n d p r o p
$ 1 ,9 1 3 ,2 6 9 F u n d e d <le1)t.....................
e rty ..
D u e to r a i l ’s a n d o th e rs
A . 0 . L. S le e p in g C ar
7 ,7 4 0 D u e to e m p lo y e s ............
A s s o c ia tio n ...................
A c c o u n ts p a y a b l e ..........
D u e b y ra ilr o a d s a n d
1 63,108 D lv . n o t c a lle d t o r ..........
o th e r s ..............................
2 6 ,069 I n t . c o u p o n s n o t p a i d ..
D u o b y a g e n t s .................
1 3 3 ,6 6 9 K a il«—rone- w a b ,..............
Cash..................................
P ro B t a n d lo s s .................
T o ta l a ss e ts..
-V . 63 , p . 555.
.¥ 2 ,2 1 3 ,9 1 5
1 0 1 ,5 4 0
2 3 ,7 4 4
,000,000
6 4 0 ,5 0 0
1 6 0 ,0 8 7
1 1 ,165
7 ,2 8 5
3 5 ,8 4 1
78
10,000
3 7 8 ,9 6 0
T o ta l l ia b iliti e s ........$ 2 ,2 4 3 ,9 1 5
Petersburg Railroad.
(Earnings fo r the year ending June 30,1897. J
R e s u lts c o m p a r e w ith p re v io u s y e a r s a s fo llo w s :
BABKINAS, EXPENSES AND OHABOBS.
1894-5.
1895-6,
1896-7,
$
$
132,475
124,474
P a s s e n g e r e a r n in g s — 1 1 3 ,9 9 3
F r e i g h t ................-........ 383,980
399,894
56,394
334.672
53,840
1893-4.
if
122,855
332,589
52,555
T o ta l......................... 562,945
588,703
54,827
66,020
195,505
15,268
13,617
512,986
42,503
05,694
189,420
1 -1,730
13,197
507,999
87,528
43,024
155,519
52,617
16,329
T o ta l e x p e n se s_ 313,906
_
S e t e a rn in g s,............... 249,039
344,237
244,526
2,618
325,550
187,436
12,900
355,017
152,982
3,058
M ail, e x p re s s , e t c .......... 5 9 ,9 7 2
E x p . fo r tr a y A s t r u c t . 4 7 ,3 0 0
E q u i p m e n t....................... 4 9 ,8 4 9
T r a n s p u r r a tio n .............. 1 8 5 ,5 9 0
G e n e r a l.......................... 15,425
T a x e s .................................. 1 5 ,652
A d d o th e r tlic o tn o .......
7,8 1 8
T o t a l..................... ,...2 5 0 ,8 8 7
* In c lu d e s B a ltim o re T ra d tio o a n d C ity k B u b u rb a u f o r b o th y e a rs.
Interest- p a id ................. 94,400
D ividends....................... 89,901
247,144
06,400
80,901
200,336
90,400
77,058
156,040
91,610
70,636
S t r e e t R t l l w i y S e t K i r n i n g t .— T h e fo llo w in g ta b le g iv e s
th e r e tu rn s o f S m s e r ra il w a y g ro ss a n d n e te a r a in g s re c e iv e d
T o ta l p a y m e n ts -----1 8 4 ,3 0 1
B a la n c e ....................... s u r.7 2 ,5 8 7
186.301
sur.60,843
173,158
sur.26,878
162,246
def.6,206
TH E CBRONIOLE.
1U 2
BALANCE S H E E T j d n i s 3 0 , 1897.
A ssets.
Const’n n n d p r o p e r ty ..$ 3 ,1 0 9 ,3R2
P e te rs b u rg b ra n c h lin e .
2 2 9 ,8 1 9
A . C. l . S le e p in g C ar
A s s o c i a t i o n ....................
2 2 ,4 4 6
R eal e s ta te in v e s tm e n t.
D u e bv ra ilro a d s a n d
o t h e r s ............................
D ue by a g e n ts .................
C a s h .....? ..........................
1 5 7 ,4 3 6
3 ,2 0 5
1 8 0 ,4 7 5
2 ,0 4 9
L ia b ilitie s .
S to c k .....................................$ 1 ,2 8 4 ,3 0 0
F u n d e d d e b t ..................... 1 ,6 9 4 .0 0 0
D u e to e m p lo y e s ............
1 0 ,4 4 8
D u e to ra ilrM s & o th e r s
1 9 1 ,2 3 0
A c c o u n ts p a y a b l e ........
1 6 ,2 2 4
I n t e r e s t co u p , n o t p a id .
2 6 ,5 6 0
D iv id e n d s n o t c a lle d f o r
4 6 ,7 9 9
2,3 * 1
N ew e q u ip m e n t................
R a ils —r e n e w a ls ...............
7 ,2 0 0
P r o tit a n d l o s s ..................
4 2 5 ,6 7 1
T o t a l.............................$ 3 ,7 0 4 ,8 1 2
T o t a l ............................. $ 3 ,7 0 4 ,8 1 2
—V . 6 3 , p . 5 5 5 .
New England Gas & Coke Company.
( Reports o f Bouton Gas Companies as o f June 30 ,1897.)
In view of the control by the New England Gas & Coke
Co. of the seven gas companies of Boston, referred to
on a snbsequent page, we have obtained and publish below
the reports made l>y those companies for the year ending
Jnne 3n, 1897, to the Board of Gas & Electric Light Commis
sioners of the State of Massachusetts. The arrangement of
the items ard the totals for all are our own compilation.
The first table shows the assessed value of each company's
property, the daily capacity of its gas works and the maxi
mum and minimum output of gas per diem during the year
1896-97; also the approximate lengths of the company’s
mains.
ASSESSED V A LU E; ALSO CA PACITY O F W O liK S JU N E 3 0 , 1 8 9 7 .
,-------- D a ily ---------* U g th o f
D a ily caO u tp u t '9 6 -7 , f t .
m u in s .
A ssesse d
p a r ity , f t . M a x im u m . 21in m u m . M iles.
v a lv e.
gC om pany.
0 0 0 4 ,3 3 0 ,0 0 0 9* 6 .0 0 ') 15*a
B a y S l a t e , M a s s . .$ 1 .0 2 5 ,5 0 0 4 .0 0 0 .
0 0 0 5 ,1 7 0 ,0 0 0 9 0 5 ,0 0 0 1 3 8 ^
B o s t o n ....................... . 4 ,1 0 7 ,1 0 0 6 .0 0 0 .
3 ,8 0 0 ,0 0 0 1 ,0 0 2 ,0 0 0 253*3
2 ,2 7 9 ,1 0 0 4 ,5 0 0 ,0 0 0
B r o o k l i n e ..............
3 0 0 .0 0 0
7 7 6 .0 0 0
3 1 , 0 ) 0 98
3 5 2 ,0 0 0
D o i C h e s t e r . . ----5 0 0 .0 0 0
3 6 2 ,7 5 8
1 1 3 / 5 6 49
2 4 4 ,5 0 0
J a m a ic a P la in ..
5 0 0 .0 0 0
987 000
3 1 9 ,0 0 0 79&s
6 6 5 .1 0 0
R o x b u ry .............
4 2 5 .0 0 0
5 0 3 ,0 0 0
1 6 2 ,0 0 0 32*4
3 8 6 .1 0 0
S o u th B o s to n ...
[VOL. IiXV
B o s to n
B a y S ta te S o .B o s to n B r o o k lin e
Gas L ig h t. G as o f M a ss. Gass L i g t. Gas L ig h t.
A s s e ts —
«
$
$
$
R e a l e s t a t e (g a s )..................1 ,3 3 3 ,5 2 4
2( 0 ,9 4 6
6 6 3 ,2 5 7
M a c h in e ry a n d m a n u f a c
t u r i n g a p p lia n c e s (g a s ).3 ,0 7 2 ,6 1 0 2 ,2 0 6 ,4 6 5
3 0 2 ,8 1 4 1 2,015^605
S tr e e t m a in s ( g a s ) .............2,088,4« 6
660
M e te rs (g a s )........................... 3 9 3 ,6 8 3
3 1 .9 0 0
1 7 0 ,0 6 0
D u e f o r g a s ............................. 1 3 0 ,6 4 3
1 4 6 ,0 8 0
1 9 ,4 4 1
1 3 0 .5 4 8
4 ,6 6 2
G a s m a te r ia ls o n h a n d ___
9 0 .7 1 2
2 .8 3 2
3 2 .6 1 5
S to v e s o n h a n d ..................... 1 7 5 ,3 3 5
2 5 ,1 8 5
1 6 8 ,9 5 4
R e a l e s t a t e ( E le c tr ic ) ............................
..............
4 7 ,3 0 0
S te a m p l a n t ( E le c tr ic )............................
....................................... 1 1 8 ,1 7 5
E le c tr ic p l a n t , e t c ....................................
2 8 2 ,9 9 7
P a t e n t r i g h t s ...............................................
2 5 .0 0 0
..............
.......................................7 ,9 9 2
D u e fo r e l e c t r i c i t y ....................................
E le c tr ic m a te r ia ls o n h a n d ..............
.............................................. 8 , 2 4 6
O th e r m a te ria l* on h a n d .......................
....................................... 57,1431 .2 7 4
H o rs e s , w a g o n s , e t c ..............
4 ,8 8 8
..............
2 ,6 1 2
38,263
S u n d r y a c c o u n ts ....................
6 9 ,9 4 4
1 ,4 1 0
1 2 .4 5 6
O ffice f u r n i t u r e .....................
1 2 .6 1 7
....................................... 4 ,4 0 9
"i’333
,
C ash o n h a n d ........................
7 7 ,3 18
5 .6 6 0
4 2 ,8 5 9
7, 00
..............
N o te s re c e iv a b le .................... 1 0 0 ,0 0 0
1 ,3 7 4
25,000
I n v e s tm e n ts .................................................
2 0 .0 0 0
7 ,9 0 7
108,372
W o rk s im p r o v e m e n t................................
8 ,6 5 3
..............
I n s u r a n c e u n e x p ir e d ................................
.......................................4 .1 1 1
P r o lit a n d lo s s b a la n c e ............................
..............
3 0 3 ,5 9 6
B o n d s is s u e d ..
N o te s p a y a b le .,
U n p a i d b i l l s ___
,.7 ,5 4 9 ,7 7 2
2 ,5 8 4 ,5 0 9
6 4 5 ,2 1 5
.2 ,5 0 0 ,0 0 0
L ia b ilitie s —
2 ,0 0 0 ,0 0 0
4 4 0 ,0 0 0
.
1 0 0 ,0 0 0
8 0 ,881
1 4 ,8 0 0
2 5 0 ,0 0 0
1 0 3 ,3 5 8
2 7 9 ,2 1 8
6 ,4 3 4
.4 ,5 6 2 ,4 3 9
3 ,3 5 2
2 2 7 ,7 9 9
.7 ,5 4 9 ,7 7 2
2 ,5 8 4 ,5 0 9
..
R e s e rv e d f u n d ..
O th e r lia b ilitie s .
T o ta l lia b ilitie s ,
4 ,7 8 4 ,5 8 7
2 .0 0 0 ,0 0 0
1,00 ,o o o
1 1 1 .5 0 0
3 7 ,8 0 3
9 ,8 3 5
1,4 3 9
12,* 51
55 642
4 5 ,0 0 0
1 2 7 1 ,5 0 0 ,0 5 9
1 6 5 ,8 4 6
6 4 5 ,2 1 5
4 ,7 8 4 ,5 8 7
-y . 65, p. 1071.
GENERAL INVESTMENT NEWS.
Following are the statements of earnings and the balance
sheets for each of the companies, together with the total re Reorganizations, E tc.—Latest Data as to Defaults , Reor
sults for all the companies combined:
ganization Plans, Payment o f Overdue Coupon^ Etc —All
facts of this natnre appearing since the publication of the last
EA RNIN GS AND E X P E N S E S F O R T E A R 1 8 9 6 - 9 7 .
, B o sto n Gas. B a y S ta te . S. B o sto n . B r o o k lin e issues of the I nvestors’ and the S treet R ailway S upple
$
$
$
$
ments may be readily found by means of the following index.
6 7 5 ,2 6 0 This index does not include m atter in to-day's C hronicle .
1 0 9 ,7 4 5
S ales o f g a s. 1,0 0 0 f e e t . . . .1 ,0 7 1 ,7 6 2 1 .0 7 3 ,0 3 8
$1 0 0
9 7 '2 c ts.
9 9 6 ct8.
A v e ra g e p ric e . . . ................. 99*4 c ts .
$
6 5 6 ,1 6 6
In c o m e f r o m —
$
S a le of g a s.............................. 1 ,0 6 4 ,8 5 2
R esid u a l* .................................
612
S a le of e le c tr ic ity .................
..........
$
6 1 2 ,5 3 5
1 1 ,0 7 1
T o ta l................................... 1 ,0 6 5 ,4 6 4
O p e ra tin g e x p e n s e s —G a s . 7 8 7 ,9 9 9
E l e c tr ic ity ................................................
6 2 3 ,6 0 6
3 8 2 ,2 9 1
1 0 9 .7 2 1
8 2 ,6 8 4
7 4 4 ,0 6 7
3 9 2 ,6 1 2
63 660
N e t e a r n i n g s ................................
2 4 1 ,3 1 5
2 7 ,0 3 7
1 ,4 2 2
2 8 7 ,7 9 5
T o ta l n e t in c o m e ........... 5 0 5 ,4 7 8
I n te r e s t p a id ..........................
11,1 9 2
D iv id e n d s .............................. 2 5 0 ,0 0 0
O th e r it e m s .............................
6 7 ,2 7 8
2 4 1 ,3 1 5
7 ,3 2 4
2 0 0 ,0 0 0
2 8 ,4 5 9
3 3 ,0 0 0
3 5 2 .4 9 5
1 2 3 ,747
2 0 0 .0 0 0
2 8 ,7 4 8
T o ta l d e d u c tio n s . . . . . . 3 2 8 ,4 7 0
B a la n c e , s u r p lu s .................... 1 7 7 ,0 0 8
2 0 7 ,3 2 4
3 3 ,9 9 1
3 3 ,0 0 0
d e f.4 ,5 4 1
2 7 7 .4 6 5
$
1 0 9 ,7 2 1
8 7 ,9 0 1
R e n ts a n d iu t. re c e iv e d . . .
1 7 ,4 4 6
O th e r in c o m e ......................... 2 1 0 .5 6 7
6 4 ,7 0 0
D o rch ester. R o x b u r y .
S ale of g as, 1 ,0 0 0 f t ............ 1 7 9 ,1 1 3
2 1 3 ,3 4 8
99-8 c ts.
A v e ra g e p ric e ...................... . 99 9 c ts.
In c o m e fro m —
$
$
2 1 3 ,2 2 7
S ale of g a s ............................. 1 7 9 ,0 9 3
R e s id u a ls .................................................
E le c tr ic ity ..............................................
3 5 2 ,4 9 5
T otal
J a m a ic a .
o f a ll.
6 8 ,9 7 8 3 ,3 9 1 ,2 4 4
$1 40
$
$
9 7 ,0 0 6 2 .9 3 2 ,6 0 0
1 7 ,3 9 0
2 9 ,0 7 3
87,9 0 1
R a i l r o a d s a n d M i s c e l . C o . ’s .
V o lu m e 65—
P age.
Akron & Chicago J u n e ...... de'autt. 823
A m erican Grocery
.......n o r n v r . M
18
A rizona Im p ro v em en t.......f> r*cl. 1023
A tlantic & Pac.. Cent. Dir, sale.*"7», 977
Baltimore B eit.d e fault.'23; <t-. o*t*. ^6Baltim ore ft Ohio . .defaults/2 3 , 1023
Do consol com deposits & earns
B ayStateG as.Boston Cos.sale dent'd 97?*
Bem ington & R utland
refund. 975
Central P a c ... Brotherton’s circular. 8HP
Central V erm ont, .deiv si’s. etc.923, 976
Chicago & N orthwestern.new; 3J4«»J0 0
Chic. rt. I. ft Pac re u vd .p la n 976 1070
Chic. & Southeastern R y... . reci'r. 924
Chicago ft W est Michigan .couponI'H/h
Colorado M idl’d . . .usse»s t. no icc.m71
Columbus < Cin. M idland ...coop- 8?4
v
Columbus H . V. & Tol reoro. i lan 976
Connersville find.) Gas ft Elec..«a/*\1071
Cura. & O. Riv., N orth Dix.sale ord.1071
Cuyler ft W oodoum feor>j. new c< . 870
>
D uluih Gas ft; W ater.............. sa b .1023
Elm ira Municipal Im p rt.......forecl. 1071
E q u i ta b l e G a s , N.Y.. .c<nsol n e w co. 8^9
F t Plain ft, R ic h fie ld S t r in g s , .sol . 869
F r a n k li n & M e g a m i c . . . . Bold. 924.1071
G a lv e s t. L a . P . & H . .proposed sale. 9 6
G r e e n w o o d A n d e r s o n ft W . .sale. 869
I n t e r n a t i o n a l B r id g e ft T ra m ..S ' Id. 9T6
K e n t u c k y f t I n d i a n a B r id g e c dip. 9*6
R a i l r o a d s & M i s c e l . C o ’s tC o n .y
V o lu m e 6 5 —
P a g e.
M o r r is to w n ft C u m b . G a p .......... sale. PJQ
N e w a rk S o m e r s e t ft S t r a i t s v . .d ef. 8 2 3
N . Y. B e ltin g f t P a c k i n g . . .
sale. 1024
N .Y . ft E a s t R i v e r G a s ..........consol. 869
O r e g o n I m p r o v e m e n t ........U d in stn l. 8 7 0
•fo
d o sold to reoro co m .9 ?5 , 977
do
- ew C > .- ii- t.p i m / .. 1 0 7 2
P e r i a D ec. & E v .l xt a sen* 82»; iei>. 977
R ic h . N ic h . I . ft B _ Mile confirm ed.!1 72
_
S a n d . M a n s , ft N e w a rk ., .no. reevr. 1072
S o u t h e r n S t a t e s L a n d f t T . n o y.V'72
T . ft C a n r r n n ....u r a n e n T .xn o 0fizo
¥. s u n 17 r a n
,1
m . Li.
L . i s. 0 1 4
Tacoma L and Co.......................t>a/<*.1072
Totedo St. L. & K. C.............ftr do. 825
Un. Pac..sale.825. 870; sale confirm. 926
.............
A d viso ry com 1<'25
do
do
. 1st 6s to be paid Jan. 20.1072
do
.sole colln*. Monjan n >es.1072
W heeling ft L. E rie..prelim, asses*. 825
Wisconsin Central..im7<?>r. /id-, def. 879
do
do
-----rear i. status.1027
Street
R a il w a y s .
B oston Kiev— No trest E n d iease.W2C
Elm ira ft H orseheads Ry. reoro. 1071
Eng. ft Chic E lec .. sal- c mSrmo-d.it 23
Fulton W all &<’ortl. St. F'y.sale 976,1071
Kigns Co. El. (Bklyn)..C/i. of r>cvr.]‘ 24
Lincoln (Neb.i St. Ry
.......sale. 976
Madison (Wis.) City R y...........void. 1071
N ortoik ft O ce-n V iew ........... sal'. 1024
T erre H a u te E lec.. .rectorship, case. 1
025
W ater, ft Fair. Ry ft L. (M.i .m*r<.1027
W est End St. (Bost.).basedi*adwd..U 26
do
do lease to be modified,. .1073
T o t a l................................. 1 7 9 ,0 9 3
2 1 3 ,2 2 7
1 1 4 ,3 9 6 3 ,0 4 9 .5 7 4
O p e r a te e x p e n s e s —G a s .. 1 3 3 ,7 4 8
1 6 0 ,4 5 5
6 8 ,0 3 3 2 ,0 0 7 .8 2 2
E le c tr ic ity ...............................................................................................
6 3 ,6 6 0
Lake Erie Alliance ft So.......reorg. 924
Land ft River Imp. Co...com. p lan.1024
Lou. Ev. ft St L. con__ prop. plan. 1024
Louisville ft St. L ouis..............sale 976
Mem. ft Ch.fared. 976; status.1024,1071
N e t e a r n in g s ................ .
R ent* a n d in t, re c e iv e d .
4 5 ,3 4 5
215
5 2 ,7 7 2
1 ,6 3 4
4 6 ,3 6 3
120
337
9 7 8 ,0 9 2
2 0 ,8 3 7
2 7 5 ,6 0 4
A ir B rakes—Automatic Couplings.—Extension o f Time to
Complu with Law,—Touching the application of the Chicago
T o ta l n e t in c o m e ........ .
I n te r e s t p a id .......................
D iv id e n d s ................................
O th e r ite m s ....................... .
4 5 ,5 6 0
2 ,4 6 5
5 6 ,6 4 0
5 4 ,4 0 6
4 5 ,0 0 0
4 6 ,8 2 0
3,2 6 8
2 2 ,5 0 0
293
1 ,2 7 4 ,5 3 3
1 4 7 ,9 9 6
8 0 7 ,1 4 0
9 6 ,3 1 9
T o ta l d e d u c t io n s ..,..,.
59,1 0 5
B alan c e , s u r p lu s ............... ■ o f.1 3 ,5 4 5
d
4 5 ,0 0 0
9 ,4 0 6
2 6 ,0 6 1
2 0 ,7 5 9
1 ,0 5 1 ,4 5 5
2 2 3 ,0 7 8
BALANCE S IIE E T S ON JU N E 3 0 , 1 8 9 7 .
D o rch ester R o x b u r y J a m a ic a P.
Gas L ig h t. G as L ig h t. Gas L ig h t.
A n tis —
$
$
$ ~
R e a l e s ta te O tas)...........................................
1 1 6 ,3 6 6
1 0 4 .0 9 7
M aohln. & iiia n u fa c t. a p p lia n c e s (gas) 1 7 1 1 ,0 1 6
3 0 9 ,8 6 6
1 4 5 ,951
S tre e t m a in s (g a s )........................................
4 2 5 ,4 7 1
1 3 1 ,363
M ete rs (gas)
.............................................
4 0 ,6 7 7
9 2 ,9 3 6
8,0 9 2
D a e f o r g a s ...........................
2 6 ,6 7 3
4 6 ,3 9 8
11,3 0 9
G as m a te ria ls o n b a u d ............................
9 ,9 8 0
6 ,2 8 5
9,5 5 2
6 3 ,0 4 7
8 4 .0 0 2
36
P a te n t r i g h t s ...... .....................................
5 0 ,0 0 0
H o rses, w a g o n s, e t c ....................................
464
150
400
B um !ry a c c o u n ts ..................................
4 ,9 2 6
7 ,3 2 4
3 ,6 0 9
C ash on h a n d
........................................
4,2 0 3
4 .3 4 4
144
In v e s tm e n ts a r d w o rk s in p r o c e s s .. ..
1,7 0 3
7 ,0 4 6
T o tal a s s e ts ...........................................
L ia b il iti e s —
C apitol s t o c k .............................
R oods I s s u e d ..........................................
N otes p a y a b le ................................
U npaid bi 1*..........................
D e p o s its .........
P rem ium a c c o u n t ........
O th e r lia b ilitie s
. ..
P ro tlt a n d loss b a la u c o ___
T o ta l lla b lllit ic e ..............................
8 6 2 ,6 8 9
1 ,1 5 0 ,1 8 8
4 1 4 ,5 5 3
4 7 2 ,0 0 0
6 0 0 ,0 0 0
4 ,9 6 6
1 0 1 ,6 6 4
2 5 0 ,0 0 0
8 5 ,6 8 7
2 4 ,0 1 1
2.1 5 3
1 8 ,0 8 9
3 9 ,0 7 4
2 2 1 ,6 7 5
8 6 2 ,6 8 9
4 2 ,5 0 0
1 .4 5 6
1 7 ,7 7 5
789
4 3 8 ,5 3 8
9 9 ,6 5 1
1 ,1 5 0 ,1 8 8
4 1 4 ,5 5 3
& Alton and other companies to the Inter State Commerce
Commission to extend the period within which they shall
comply with the provisions of the Act of Congress of March
2, 18h3, known as the Safety Appliance Act, the Commission
has decided, upon causes shown, to extend said period two
years for the petitioning carriers. While the formal order
and statement of facts and reasons constituting causes for
such extension have not yet been prepared, it is understood
that the extension will not be conditional and that the Com
mission has under consideration the question of requiting
quarterly or other periodical reports of progress by each car
rier during the two-year period.
Most of the carriers asked for five years’ extension, sug
gesting that the same be conditional upon percentages of
equipment each year. The representatives of the rail way em
ployes at the hearing conceded the necessity for some exten
sion and urged that it should not be undue or unreasonable.
Some of them suggested one year. The decision of the Com
mission. as above outlined, would seem to indicate that it re
gards two years, upon the whole, as sufficient, and that no
more will be granted.
A misapprehension exists as to the terms of the law re
specting safety appliances. It does not require that cars shall
be equipped there with. The law made it unlawful for “ any
common carrier to haul” any car used iu moving inter State
traffic that was not equipped with the safety appliances
mentioned. This prohibition operated against a road which
had itself in all respects complied with the law. It could
not haul the cars owned by any other carrier that were
unequipped unless it was relieved from the prohibition
D ecember 11, 1897, j
THE CHRONICLE.
1113
against hauling the unequipped cars of others. To protect e x e r c is e w ith in s a id tim e th e r ig h t to w ith d r a w t h e ir b o n d s s h a ll be
themselves the carriers that had fully obeyed the law d e e m e d to h a v e a s s e n te d t o s u c h p la n a n d s h a ll be b o u n d b y a ll th e
e re
w ith
u t
o tic e . T h e d
s
fr
were therefore required to ask for an- extension of time te r m stothtim eo, fe o lle o to u t e finrtehre rs t n c o u p o n s a s th e p o saita r iea ids hoa ill, e o m
tim e
th
e
e y re p
th d e
in which they might haul such unequipped cars or the p o s ite d b o n d s , a n d p ro m p tly p a y o v e r h e a m o u u t* so c o lle c te d to th e
anomaly would h ive bean presented of roads which had h o ld e rs o f th e c e rtiH e a te s o f d e p o sit. T h e d e p o s ita r ie s s h a ll m a k e no
r
e d
b nd
e rs f o r th e
e
e re n d re
obeyed the law suffering loss of business, while those which c heareguena g a i n sTt hthy meap o saitin g y otimheo ld e te rm in e toirpsrorcveicd sn o f u reth edr
th
a
d
e
had not obeyed the law, but who had been granted an exten u n d e r t hdee r.g e e e e e n t; ya n dt , inn t h a t e v e n t, s h a ll c a u s e d u n n o tlo e to b e
a
m
p u b lis h e d , o a h in g u p o n th e b o n d h o ld e rs to w ith d ra w t h e ir b o n d s.
sion, would be the gainers thereby.
Notice to Stockholders—Attention is called to the notice
American Electric Heating Corporation.—
Status—Re
to stockholders published by the committee of which August
d u c t i o n o f C a p i t a l . — '‘E lectricity' says:
W e u n d e r At >u<l th e c o r p o r a tio n J£ a b o u t to re m o v e its g e n e r a l office Belmont is chairman, in to-day’s advertising columns.
fro m B o sto n to its f a c to r y in C a m b rid g e , M as*. T h e c o m p a n y
S 'atusof G iveramew Claim.—Attorney-General McKenna,
U s a id to be n o w d o in g a f a ir b u s in e s s , a lth o u g h It s ta r te d in a t
a tim e w h e n e v e r y lic e o£ in d u s tr y w a s a ffe c te d by th e p a n to , a n d a t a in his annual report to Congress, says:
‘•The general features of the relations between the Gov
p e rio d w h e n tti© r a te s fo r e l c-rrlc p o w e r w e re e x c e e d in g ly h ig h , th u s
ro to llin g Its u s e f »r e le c tr ic h e a t in g a n d co cking p u rp o s e s. T h e ernment aud the Central Paeftc Bft. Co., which includes
d ts o u C o m p a n y o f N ew Y ork h a s a d o p ed a d is c o u n t s y s te m w h e re b y
I t fu rn ish s n e a r ly tw ic e a s m u c h e le c tr ic ity m i t d id fo r m e r ly f*»r what was the Western Pacific RR., are the same as thoss be
p r a c tic a ll y rh e - u a e pt ice. T h is w as d o n e w ith a v ie w to p ro m o tin g tween the Government and the Union Pacific, notwithstand
th e tt-e *»f e le c tr ic i ty fo r c o o k in g a n d h e atin g : p u rp o s e s , a n d s h o u ld ing that the Central Pacific was originally a California cor
sotrie H e a tin g C o rp o ra tio n . W e e x poration. Its indebtedness to the Government o n ^ h e lst
p e c t to s e e th e o th e r e le c tr ic a l p o w e r c o m p a n ie s fo llo w suitf t is p ro p o s e d b e fo re lo n ^ to re d u c e th e c a p i ta l o f th e c o m p a n y fro m inst. was as follows, cents omitted:
£
$ ! O.Om j . ouo to p r o b a b ly * 1 ,0 0 0 ,0 0 0 . »»ue m illio n d o lla rs In b o n d s h a v e
b e e n issu e d , of w hicii a m o u n t ^iOO.OOO ia
to b e s till o u s ta n d tiig ,
th e s e b o n d s to d ra w im e rc i-t fro m J a n . 1, 1 3 9 $ .—Y , 6 3 , p. 793.
P r in c ip a l
In te r e s t
o f I.'■ S. h a n d s, n o t r e p a id .
C e n t r a l P a c ific ...'$ 2 5 ,8 * 5 ,120 $ 3 5 ,9 1 4 ,2 3 7
W e s te rn P a c i f i c 1 .9 7 0 ,5 6 0
3 ,3 0 4 ,5 5 2
T otal
S in k i n g
in d e b te d n ess.
fu n d .
8 6 1 ,5 0 9 ,3 5 7 $ 7 ,4 4 0 ,5 0 9
5 ,2 7 5 ,1 1 5
..........
AuUirocite Coal Road*. —Notice o f Apn al. —
Atorney“ The sinking fund contains cash, $7,0 3,569, and Central
Gen«r*l ll iui; ek baa ftbsd a notice of appeal from th» de
cision of the AppellateDivision (V. 05, p. 023), wbic!^vacated Pacific bouds, $437,000." [Of the Central Pacific aid bonds,
the order rHjut, ing the presidents of the coai roads to appear $6,074,0 0 have been, paid by the Government, and the reU
before * refer e for elim ination wader the provisions of the ! mamder falls due, $10,614. W on Jan. 1, 1893, and $9,197,000
Lexow Anti-Trust U c Tnis appeal will briug np the con on Jan. l, 13;n). Of the Western Pacific aid bond* $32 ',000
stitutionality of the law and the math j is prescribed under it h tve been paid by the Government and $1,650,560 mature
for thu t-xuiniaiiou of witnesses. The Attorae? General Jau. t, 1899.—Ed .]
“ Crediting the company w ith all possible items disputed,
hopes the case will heartened some time next Janaary or
Febrn try,so that the next Legislature msv be able to correct as well us admitted to be due to it, there will be unpaid on
the first of January next $46,758,087.
any defects found in the law.—V. 65. p. 623.
‘•What
be taken to meet this indebtedness in the
Atchison Topeka it Santa Fe «jr.—Line Purchase I—En meantime steps may to bs seen, itn l the action of the Depart
remains
dian ie / ' c !'■*. Air. Aldace F. Walker, Ch lirrn in of the
circa instances existing at that
board of director*, has made the following statem en t: “ For ment will depend upon the far been
the past six inoutns the Atchison h is operated under a lease, | date, no action having thus the ciaim taken in order to avoid
any question arising out of
of the company that by
with option lor purchase, the Silver Citv & Northern, a reason of the
to which it is entitled, it has njt- yet been
branch liu- 15 milis long running from Whitewater, N. M.. in default.’—creditsp. 86">, 669, 878.
V. 65,
into a mming district. A good tonnage of iron and copper
Central W ashington RR. -Foreclosure Sale Postponed till
ore has been developed and Atchison has now decided to
Jau.
Hi- sale of this road, set for Nov. 30 has been
complete tbs purchase of tbs branch.
•‘Atchison has not add any branch line in S mf hern Cali- postponed till Jan. 20.—V. 61, p. 951,
forma and no sale* are contemplated there. Tae exchange
Chatt nooga Rome & Southern UR. —
Chattanooga Rome
of Sonora for the M >j vve division has been public for a long A Columbus UR. —
s
Xew securities B eaty —Holders of Cen
time, and. ns heretofore stated, th a lliu m Oiori will be carried tral Trus (Jo. certificates of deposit for Chattanooga Rome
oat by exctiangtog long-time leases, the Mojave division & Coiumbos RR. Co. first mortgage 5 per cent bonds a re re
being subject to d mthero Pacific mortgages."
quested to present their certificates at the office of Simon
Equipment Bands C nlei. Equipment 5s tor $250*00) have Borg & Co. for the purpose of obtaining the new securities
been drawn for the sinking fund, reducing the amount out in accordance with the plan of reorganization.—V. 65, p. 066.
standing from $1,250,( 0 » t o $1,0 0,0 0.—V . 6 \ p. 107 i.
Chicago A N orth Western RR.— Cash Subscriptions
Baltimore St Ohio Southw estern Ry.—Binds Called.— Closed,—Kuhn, L ob & Co. announce that the cash subscrip
The trn-si t'8 of the Ohio & Mississippi equip ueut trust have tions for t.lie
p*r cent gold bond* have been closed, and
drawn }20.W0 bonds for redemption, principal aud interest, that hereifter the bonds will be issued only in exchange for
the short t-rm bonds, as already stated.—V. 65, p. 1079.
on Jao. 1 —V. f 5, p. 1020, Ii 26.
Colorado Midland RR.—Xew Securities Beady in January.
Belle City Electric. Racine, Wis. -N ew Company.—1 hte
T
reafgatnz *1 compan y has made a mortgage for $250,000 to the —There has been delay in the preparation of the new securi
ties. They are now being engraved by the American Bunk
Illinois Trust (5 Savings Bank of Chicago aa trustee.—V. 6j,
k
Note Co., but it is thought that they will not be ready until
p . 150.
Bell Telephone of Missouri—Kinloeh Telephone.—Com the middle of January. The coupon on the bonds is payable
p e t i t i o n i n s t D m is. —
The “St. Lm is Giobe-Democrat” s a y s : Jan. first —V. 65, p. 1071.
Columbus Hocking Valley & Toledo RR.—New Equip
T h e Ret] T sl,-p h o n e Co. tm * e x e c u te d a d a n k m o v e m e n t a g a lu s t th e
K in lo e h tiitre n '-h m o n t* . an-l fo r tb e p a * t tw o w e ek s h a s h a d Ua e m is ment.—The receiver, under authority of the Court, has
s a r ie s eanv<m >ing th e citv fo r c o n tr a c ts w ith th e B ell c o m p a n y . T h e ordered 500 new box car*, to take the place of a similar num
K in lo c b T e le p h o n e Co. h a s m a d e c o n tr a c ts ro r p la c in g th e ir te le p h o n e s
la p r iv a te re s id e n c e s a n y w h e r e in th e c ity lim its f .r $ 3 0 p e r y e a r. ber obtains 1 from the R diroad Equipment Co. under a lease
T h e r a t e s o f th e B e ll te le p h o n e Co. f o r th e s a m e s e r v ic e a r e $ 0 0 p e r expiring Jan. 1, 1898.—V. 65, p. 921.
a n n u m .< ■ t a r a s r a y l o r A v e n u e . F ro m T a y lo r A v e n u e to K in g ’s H i r b Consolidated Gas Co. of New York.—#800,000 New Stock.
w a v th e y a re $ 8 0 p e r a n n u m ; b e y o n d K in g ’s H ig h w a y . $ to o , a n d a t
so m e p o in t* s till f u r t h e r o u t, $ 1 2 0 p e r y e a r . T h e SClnloch c o m p a n y ’s —On the New York Stock Exchange has been listed $800 000
r a t e to n h y s b to n s is $ 5 0 p e r y e a r, w h ile th e B ell p e o p le c h a r g e $ * 0 , additional stock, making the total stock listed to date $38,a n il f o r b u s in e s s houses th e n e w c o m p a n y c h a rg e s $ 0 a n d th e o ld
23 M 0. T ie application to the Exchange says in substance:
l
c o m p a n y $ 1 0 a y e a r , o r $ 1 2 5 y e a r ly o n a tw o -y e a r c o n tra c t.
“ Referring to the application dated Feb. 14, 1*8.5, at which
Xew Bo ds.—The stockholders of the Kinloeh Company time you listed $ 15,13 i00 of the authorized capital of $39,078,will v. te Jan. 27 on a proposition to issue $1,500,001) bonds. 0 0. we respectfully make application for the listing of 8,000
The company has thus far expended, it is said, about SSOu.OuO. shares of satd stock, in pursuance of the following resolution
Boston Electric Light.—SH O 00 New Stock Desired.—The of the Finance Committee adopted Nov. 25, 1897: Resolved,
O ,0
company has petitioned the Massachusetts Board of Gas a n l That the Treasurer, under the direction of the President, be
j
Electric Light Commissioners for approval of an issue of authorized to dispose of not to exceed 8,O Oshares of the
$800,0 0 new capital stock, for the purpose of purchasing ad stock now in the treasury.
“ These 8.000 shares have been sold for the purpose, in part,
ditional real estate, building a new central station and add
ing to its pres mt plant. The hearing will take place Dec. 14. of reimbursing the compiny from its proceeds for the
amounts it has expended in taking up liens of the old consol
— 65, p, 276.
-V,
and improvements.
Central Pacific RR.—Listing o f, Certificates o f Deposit idating companies andoffor extensionshas been kept in first
the company
fo r 6 Per Ce ds of IX- 0 lOJ '.—Oa. the New York Stock E x The physical condition
change h ave been listed $*.004,006 engraved certificates of class order, large sums having been spent annually for the
deposit issued bv Speyer & Co a* depositaries and counter purpose, which have been charged to running expenses. The
signed by the United States Trust Co. as custodians in ex capacity of the works has been nearly doubled aud its mains
change for the fifty-year 5 per cent mortgage bonds due increased by 118 miles, making a total of 819 miles. It has
April 1, 103 i. Said bonds have been deposited uoder the 257,729 meters set and supplies 14,315 public lamps.”
D r.
heet
.
1*97.
Or.
bondholder*’ agreement dated O jL 1, 1837. They are depos P la n t, n e w COTfDKNSED BALANCE sC a p itas e p tc k30,u tli___$ 3 9 ,0 7 8 ,0 0 )
w o r t in
l sto
a
Red ex the Oct. 1. 1807, coupon, aud are to remain deposited
M o rtg a re b o n d s ......... 2 ,4 0 * ,0 0 0
p ro c e ss , m a in s , m e
nnd»r the agreement until June 1, 1901. The total issue of tre s , fra n c h is e s , im
A oorued in te r e s t..........
4 2 .8 3 0
p le m e n t* , e t c ............. $ 4 4 ,5 3 9 .7 8 0 B ills p a y a b le ................. 1 ,0 0 0 ,0 0 0
these bonds was $12,283,000.
D ue b y c u sto m e rs, etc .
4 1 3 ,0 1 5 C o n su m e rs ' d e p o s its ..
3 0 5 ,0 0 1
The bondholders' agreement contains the following:
C a sh . .................................
5 1 9 ,9 7 4 O p en a c c o u n ts , w a te r
U pon th e a d o p tio n by th e d e p o s ita rie s o f a n y p la n o f r e o rg a n iz a tio n ,
o r of o th e r d e n im # w ith *aid n n n d s o r th o p r o p e r ty , th e y sh all lo d g e
co p ies th e r e o f a t th e olflee* o f th e v a rio u s im p is lta d e s a n d s h a ll p u b
li s h d u e im tia e o f tit rt f a c t in v a rio u s n e w s p a p e rs . A n v d e p o s itin g
b o n d h o ld e rs w h o d o n o t a s s e n t to Hitch p la n m a y , a t a n y tim e b e fo re a
d a te specified in s u c h a d v e r tls e m - n t, W ith d ra w th e b o n d s r e p re s e n te d
b y th e ir re rttlie u to s , b u t a ll d e p o s itin g b o n d h o ld e rs w h o s h a ll n o t
M a te ria ls A s u p p lie s,.
s tu c k in t r e a s u r y , .......
S in k in g fu n d K n ic k e r
b o c k e r b o n d s ..............
313,579
3 ,6 4 7 ,9 4 0
4 5 ,7 0 0
T o ta l...........................$-19,008,975
b ills , w a g es, e tc ., e tc .
I n s u r a n c e fu n d , c o n
tin g e n c ie s a c c o u n t
an d s u n d r ie s ..............
S u r p lu s .............................
6 4 8 ,9 0 7
4 6 1 ,6 0 2
5 ,5 6 4 ,6 3 5
T o ta l...................... -.$ 4 9 ,5 0 8 ,9 7 5
THE CHRONICLE.
U14
“ The officers are: Harrison E. Gawtry, President; Thomas
K Lees, Vice-President; O. P. Zollikoffier, Secretary; G. W.
Donne, Treasurer; Lewis B. Gawtry, Assistant Secretary.
The trustees aro: Thomas K. Lees, H. E. Gawtry, Samuel
Sloan Johu P. Huggins, William Rockefeller, Rosewell G.
Rolaton, M. Taylor Pyne, George F. Baker, James Stillman,
Stephen S. Palmer, H. D. Anchincloss, F. Augustus Schermerhorn, E. R. Holden.”—V. 65, p. 1071.
Danville Gas E lectric Light & S treet Ry.—Earnings.—
In the official statement of earnings furnished in the C h r o n
i c l e last week the “ taxes and insurance” were given as $ 2 1 , 304, instead of $3,304, as we are now advised, and the surplus
for the year is therefore $23,745, instead of $5,745. The cor
rect statement is as follows:
I ear e n d in g A p r il 3 0 G a s ................................................
E l e c t r i c L i g h t .......................
S t r e e t R a i l w a y ....................
N e t. ------------
,----------- Oroi 18.---------- v
1896.
1897.
$ 1 8 ,7 7 1
$ 1 * ,0 9 7
5 4 ,7 2 6
4 7 ,8 7 6
2 9 ,0 3 6
2 8 ,7 3 5
1897.
$ 7 ,5 1 4
2 9 ,9 7 4
7 ,5 6 1
1896.
$ 6 ,7 5 1
2 4 ,9 7 1
8 ,5 0 2
T a x e s a n d in su ra n c e —
I n t e r e s t o n b o n d s ..............
....
...
$ 4 5 ,0 4 9
$ 3 ,3 0 4
1 8 ,0 0 0
$ 4 0 ,2 2 4
$ 2 ,4 4 0
1 8 ,0 0 0
B a l a n c e s u r p l u s f o r y e a r ..................
—V. 65 , p. 1071.
...$ 2 3 ,7 4 5
$ 1 9 ,7 8 4
$ 1 0 2 ,2 3 2
$ 9 5 ,0 0 9
Galveston Houston & Henderson RR.— Listed —This com
pany’s first mortgage 5s, which were on the special list for a
number of years, have now been put on the regular list of the
Stock Excnange. The interest on this bond is guaranteed
under lease by the International & Great Northern and the
Missouri Kansas & Texas railroads, both of which use it for
an outlet to tidewater.—V. 63, p. 27.
General Electric (S treet) Ry. of Chicago.—Receiver De
nied—At Chicago Dec. 6 Judge Grosscup. in the United
States Circuit Court, denied the motion of Charles A. Bates,
of New York, for the appointment of a receiver for the com
pany, but ordered that the books of the corporation be
brought into court.—V. 65. p. 151.
Genesee & Wyoming Valley P R .—Default—Protective
Measures.—The company was unable to pay promptly the
interest due Dec. 1 on its $500,000 first mortgage 6s, but
hopes to make the payment before Dec 31. F. J. Lisman, 30
Broad Street, requests bondholders who are desirous of pro
tecting their interests to communicate with him. A t auction
on Nov. 24 $17,000 of the bonds sold at 21; they were bought
in by the President of the company. The road runs from
Restof to Rochester, N. Y., 13 4 miles [part of this being
trackage into Rochester], with a short branch. The interest
has always heretofore been paid when due. For the year
ending June 30, 1696, the gross earnings were $19,369; net,
$11,198; interest paid, $27,600; taxes, $1,0E0; deficit, $39,878.
Total deficit to June 30, 1696, $68,502.
Hawaiian Commercial & Sugar .—Stock on Unlisted De
partment.—The $10,000,000 capital stock of this company has
this week been placed on the “ unlisted department” of the
New York Stock Exchange. The following facts are furnished:
CO ND ENSED R E P O R T O F T H E S E C R E T A R T D E C . 3 1 , 1 8 9 6
A s s e ts .
L ia b ilitie s .
R e a l e s t a t e ........... ................. $ 7 7 0 , 3 0 0
M i l l b u i l d i n g s ...................... 1 , 0 6 4 , 2 2 2
R a i l r o a d ...................................
3 1 4 ,7 5 6
P l a n t a t i o n a c c o u n t .........
4 8 6 ,1 6 9
T o o l s , f i x t u r e s , c t o .........
1 6 7 ,2 0 5
B i t c h e s ............................
6 4 6 ,9 3 2
O t h e r p r o p e r t y ...................
3 8 5 ,4 2 8
O p e n a c c o u n t s ....................
2 4 ,9 3 1
S u s p e n s e a c c o u n t ...........
5 4 ,4 9 3
1 ,0 3 4
C a s h ............................................
N o t e s p a y a b l e ..................... $ 3 5 0 , 0 0 0
B o n d s .........................................
7 2 9 ,0 0 0
O p e n a c c o u n t s ....................
6 5 ,0 5 0
B a l a n c e .................................... 2 , 7 7 1 , 4 2 0
T o ta l............................ $ 3 ,9 1 5 ,4 7 0
T o t a l ......... ........................$ 3 , 9 1 5 , 4 7 0
[V ol .
lxv.
two years and six months, or to the date when the L. & W.
general consolidated mortgage comes due, which is June 1,
1900, at which time all the bonds will be treated in what
ever funding scheme may be adopted.
President Maxwell in March last made the following state
ment respecting the saving to be gained from the refunding
of the bonds of the Lehigh & Wilkesbarre and Central New
Jersey:
O f t h e f u n d e d d e b t o f tlie L e h ig h & W ilk e s b a r r e C o a l C o. $ 6 7 8 ,0 0 0 ,
b e a rin g 6 p e r c e n t in te r e s t, m a tu r e s d u rin g th e c u r r e n t y e a r a n d
$ 1 8 9 ,0 0 0 in 1 8 9 8 . T h e c o n s o lid a te d m o rtg a g e b o n d s b e a r in g 7 p e r
c e n t in te r e s t a ll m a tu r e in 1900. T h e re a re n o o th e r b o n d s o u ts ta n d
in g b e a rin g m o re th a n 5 p e r c e n t in te r e s t. T h e r e f u n d in g o f th e in
d e b te d n e s s o f th e c o m p a n y (n o w b e a r in g o v e r 5 p e r c e n t) a t t h a t
f ig u re , t o g e t h e r w ith th e p a y m e n t o f th e s te r li n g b o n d s o u t s t iu d i n g ,
w o u ld r e s u l t i n a s a v in g o f n e a r l y $ 1 5 0 ,0 0 0 p e r a n n u m .
T h e f ix e d c h a r g e s o f t h e C e n tra l R a ilr o a d C o m p a n y o f N ew J e rs e y
w ill a ls o b e r e d u c e d th r o u g h t h e is s u e o f i t s g e n e r a l m o rtg a g e b o n d s ,
h e ld b y t h e t r u s t e e s , f o r $ 2 ,3 1 0 ,0 0 0 , b o n d s b e a r i n g 6 p e r c e n t i n t e r e s t
t h a t m a t u r e t h i s y e a r , i n a d d i t i o n t h e r e t o $ 1 ,0 0 0 ,0 0 0 o f 7 p e r c e n t
a n d $ 1 0 0 , 0 0 0 r- p e r c e n t b o n d s w i l l m a t u r e i n 1 8 J 9 , f o r w h i c h g e n
e r a l m o rtg a g e b o n d s h a v e b e e n r e s e r v e d a u d h e ld b y th e t r u s t e e s , a n d
c a n b e Iss u e d a t e ith e r 4 o r 5 p e r c e n t, a s th e c o m p a n y m a y d e te r m in e .
—V. 65, p. 367; V . 61, p . 10 4 1 , 466.
Leliigh Valley RR .— Offering o f Mortgage and Collateral
Trust 5s.— M-ssrs. J. P. Morgan & Co., bankers, of this city,
and Drexel & Co., of Philadelphia, off jr for sale at 103 and
accrued interest, a limited amount of the $5,000,000 m ort
gage and collateral trust 5 per cent bonds, purchased by
them last April, as stated in the Chronicle of April 17,
page 754. The total authorized issue of thi-se bonds is
limited to $15,000,010, of which $7,oOl).0 ! cannot be issued
0
until 1900, aud then only at the rate of $1,00 ',000 per annum,
for acquisition or construction of new property to come
under the mortgage. They are payable, both principal aud
interest, in gold coin and are free of all taxes. The com
pany reserves the right to redeem all or any i f the bonds on
May or November 1, in any year, at 107J>£ and accrued inter
est, after sixty days notice by publication.
Security fo r Loan .—The issue of bonds, of which these
$5,000,000 are part, is secured not only by a mortgage on all
the railroad and equipment owned by the Lehigh Valley RR,,
subject only to its existing bonds, but also by a first lien
on stocks, bonds and real estate, which, it is stated, have
cost the company in the aggregate $32,500,000, and on which
incumbrances of less than $1,00'),000 exist. The main line
and branches are described in the deed of trust as aggregat
ing 791 '69 miles. The bonds and stocks pledged are sho wn
below, “IP prefixed to the amount outstanding indicating
that it Is the entire issue and a
that it is nearly the
entire issue:
.
R E A L EST A T E M OR TGA GES ( I I I .) .
A m o u n t. I
P a c k e r m o r t g a g e o f 1Q 5 -----8
W a r r i o r R u n M in in g C o ..........
W il b u r m tg ., B a y o n n e . N . J ..
$89,294 | S h e e h a n m o r t . o n p r o p e r t y
63,187
1 s t A v . a n d 4 1 t h S t., N . V . .
239,398 ]
A m o u n t•
$700,009
BO ND S P L E D G E D (IT .)
M o r r i s C a n a l & B a n k i n g ....... *fion0,000 I L e h . V a l. C o a l 'm tg . A p r il
S c h u y lk ill & L e h . V a l. R R ... 112,000,00o
30. 1SD7............................. .
.^$ 5 ,0 0 0 ,0 0 0
R o c h e s te r S o u t h e r n R R . ..
1125,000 C o a l R i d g e I m p . & C o a l C o ..
384,500
L e h i g h V a l. C o a l m t g . O ct.
L e h i g h V a l. T e r m i n a l R y .
1, >892.......................................... 1,400.000
C ar T ru st
.
1T900,00 0
H a z l e t o n C o a l C o ....................... T2,000,000 G r e e n v il le & H u d s o n R R .. .
^3 5 0 ,0 0 0
STO CK S P L E D G E D (V.)
D e p e w & T o n a w a n d a R y .... *i$500,000 I H a z l e t o n C o a l C o ..................... ?$500,000
E a s t o n & A m b o y R R - ......... T6.000,000 | L e h ig h V a lle y C q a ljC o .
..
T650.000
E a s t o n & N o r t h e r n R R .........
T300.000 i L e h i g h & N . Y . R R . C o
|
G r e e n v il le & H u d s o n R y . . ..
11400,000 | p r e f e r r e d .................................... 2,148,300
L o y a l s o c k R a i l r o a d .................
H300.000 I P e n n . & N . Y . C a n a l & R R .
L e n i g h V a lle y R y ...................... If5,900,000 I C o . . . ....................................... *1,051,200
!
do
d o . T e r m i n a l R y ....... 1110,000,000 1W e s tw o o d C o a l C o ...........
165.000
do
do T ra n sp o rta tio n ...
750,000 B u f f a lo C r e e k R R .................
125.000
P i t t s t o w n B r a n c h R y .............
1140,000 [
257,860
P e r th A m b o y & R a r ita n R y.
*112,000
807 550
A n t h r a c i,t e C o a l « I m p . C o ..
R o c h e s t e r S o u t h e r n R y .........
, a- , w w , C o a l R id g e I m p . & C o a l C o.
86,500
S c h u y lk ill & L e h . V a l. R R .. .
T800,000
do
d o . p r e f e r r e d .........
129.000
W ilk e s B a r r e & H a r v e y ’s ) ,998,400 I H i g h l a n d C o a l C o ....................
195,900
L a k e R R ....................................
I M in e r a l S p r in g C o a l C o ......... 1,375,000
W a v e r l e y & S t a t e L i n e R R ..
f 150,000 I N a tio n a l D o c k s R y . C o ...........
C a n a s to ta N o r th e r n R R . Co.
11200, 00© TIO.COO N a t. D o c k s & N . J . J271,500
une.
ir-;no nno
C o n .R y . C o ............................
C a n a l R R . C o ... .......................
60,000
E l m i r a T r a n s f e r R R . C o ........
10,000 N . Y. & M id d le C o a l F i e ld
1,061,150
E lm ira C o r tla n d t A N o r th
R R . & C oal Co
.................
922,200
e r n R R . C o ................................ 112,000,000 W y o m in g V a lle y C o a l C o .. .
I
Bonded debt May 13, 1897, interest at 5 per cent,
___ ,
$691,578. Capital stock authorized and outstanding, 100,0( 6
shares, $100 each, on which $33'12 per share has been
paid in cash. Incorporated April 3, 1883, under the laws
of the State of California. According to the law -of the
State, stockholders are personally liable to a limited extent.
Vice-President Hartshorns says: “ The net income earned
Plantation and works on Island of Maui.
Directors—R. Spreckels, President; Chas. S. Wheeler, Vice- by the stocks, bonds and real estate already subject to the
President; C. A. Spreckels, Secretary; M. S. Wilcox, B. J. mortgage is, under the most unfavorable circumstances, far
Hoffacker; Transfer Agent, Farmers’ Loan & Trust Co.; in excess of the interest on the maximum of $15,000,000
bonds authorized by the mortgage, and this income will be
Registrar, Central Trust Co.
Illinois Central RR. —
New Equipment.—The company further increased by the net earnings of the new property
ordered 2,0( 0 box cars, 250 from the Missouri Company in St. for which alone $7,000,000 out of $15,OUO,iOO can be used.”
Redemption o f Securities Pledged.—A.s to the securities
Louis, 250 in St. Charles, Mo., and 1,500 from the Michigan
above described, the deed of trust provides as follows :
City (Ind.) Car Works.—V, 65, p. 1071.
T lie r a ilr o a d c o m p a n y m a y a t a n y tim o re d e e m fro m th e lie n h e r e o f
Lehigh Coal & Navigation—Central RR. of New Jerseyy
h b
s
e
s
io
r
n
u
of
Lehigh & Wilkesbarre Coal.—Payment o f Bonds.—Of the 6 a na no f tg ec lao n d s hm renotio n e dthin muabrd ivtisv a n se t h i ed oaf, d s f ofixreth liy th e
g r tin
u se
e
f, a t
e
ke
lu th re
a
d
th e
per cent loan issued in 1867 by the Lehigh Coal & Navigation tr u s te e , b u t a t n o t le ss th a n th e fo llo w in g p r i c e s : £ . A. P a c k e r m o r t
g a g e , p a r ; W a r rio r R u n M in in g C o., p a r ; N . Y. A b a tto ir Co., 8 5 p e r
Co., $1,842,500 was extended last June a t 4 per cent interest
p a r;
rris C a
a
Co.
r;
c h u y lk
up til 1914, the extension contract being in the Chronicle. c e n tigof V a lle yMRoR . b o nadns, lp&r ;B Rnokcinegs te r Sbo>nds,r np aR R . Sb o n d s, illa rds
L eh h
a
h
u th e
p ;
V. 65, p. 367. The remainder of the issue having been as L e h ig h V a lle y C o al Co. b o n d s, p a r; L e h ig h V a lle y C o al Co. (new m o rt
g a g e) b o n d s , p a r ; H a z le to n C o al Co. b o n d s, p a r ; C oal R idge Im p r o v e
sumed. $2,310,0 0 of it by the Central RR. of New Jersey Co.
m e n t & C o al Co. b o n d s, 5 0 p e r c e n t o f p a r ; L e h ig h V a lle y T e rm in a l
r e d e e m e d a t' mVurftv^Dec ^
w b w iw h T t C ° a l Co. will tje j R a ilw a y Co. <ar t r u s t b o n d s , p a r , a n d s u o h Y e d e m p tlo n 'm a y b e m a d e
r e u e e m e a a t m a t u r i t y , D e c . 15, w i t h f u n d s p r o v i d e d b y t h o s e i e ith e r in m o n e y , o r ill b o n d s h e re b y s e c u re d a t 7% p e r c e n t p re m iu m .
” :1 '“
T
"
companies at the office of the Fidelity Insurance Trust & TT -the c o m p le tio n of th e G re e n v ille & H u d s o n R R .,t h e r e n y g iv in g
Upon ’"s co
s
pe d n
a k
d
Safe Deposit Co., trustee, of Philadelphia, The coupons due fSrrftSrS ninV ag of its str a m s i tth roow n hin d eits nte rem tintar lsc a ts Caonm mfa c ilitie s,
iS lle y s y te
o th e u n in
u
w
Dec. 15 will be paid at the office of the Navigation Company. N. J „ w ith o u t che u se of in e tr a c u g oftoth e N a tio n a l D o c k s Co., thneip ath e
ll
th
ks
The Centr; RR of New Jersey' has provided for its share r a ilr o a d c o m p a n y s h a ll h a v e th e r ig h t a t a n y tim e t o re d e e m inn o n e
.
tral
of ibis payment by the sale of its general mortgage 5 per cent b lo c k fro m tlie lie n h e re o f th e s h a r e s p le d g e d h e r e u n d e r of th e N a
bonds, of whp h $3,310,000 were reserved for this special pur- tio n a l D o ck s R a ilw a y Co. a t th e ir p a r v a lu e .—V. 6 3 , p . 1071
po:
The j -high Wilkesbarre Coal Co. has obtained the
Lincoln S treet Ry.—Stole Postponed till Dec. 17.—The
fund: >r its portion of the loan from the trustee of the
foreclosure sale set for Dec. 10 has been postponed till Dec.
mort
e, who has taken the bonds and extended them for 17.—V. 63, p. 976.
.
D ec-embeb 11,1887,]
THE CHRONICLE,
1115
L ittle Rock & Memphis RR.—Sale Postponed to March
o'.—The foreclosure sale fixed for Dec. 11 has again teen post
poned to March 3.—V. 65, p. Ii8l.
Memphis k Charleston R R .—
Southern Ry.—Meeting Dec.
th e coal to coke a n d 4,000 feet is th e su rp lu s w hich i t is proposed tosell to th e g a s com panies a t 20 cen ts p er th o u sa n d feet. H ero is a
profit of *-.>00,000 p e r annum th a t w ould b 5 a clear w aste b u t for th e
union of th e gas an d colte in te re sts. T he w holesale p ric e delivered of
th e ooal o r slack is understood to be $1*60 p e r to n , risin g each vear to
:pl'90 per ton, and th e coal com pany p ay s th e 15 cents par to n duty.
!4 o f General M r gage Certificate Herders to Ratify Settle
Thom th e $14,000,000 bonds sold, $5,000,009 in cash goes in to th e
merit.—The Borg Committee has called a meeting of the coke an d p ip e liu e plant, a n d $9,000,000 for th e co n tro l of B oston G as
holders of Central Trust Co. certificates for Memphis & situ a tio n , of which th e .la rg e r item ia $4,000,000 or $ 200 pm -share p aid
e $2,000,000
a
Charleston general mortage bonds, pursuant to the agree for thic a lains ca p ita l of B rookline Gas Oo. Tile t D orchester a n d
b o $200
ment of Sept. 37, 1894, and plan and agreement of April 37, | Ja m aB ay PM ate com panies are also purch ased a twah a tuequitiesp e r hshd re.
The
G as Co. of D elaw are still holds
it a in
1$96. as proposed to bs modified Oct 5, 1897, to be held at th e situ a tio n , b ut the co n tro l of ev e ry sh a re of th e B ay S ta te G as Co.
w
lias th v o ting
the-office of Simon Borg & Co., 2 t Nassau Street, New York, o ' N* w Je rs v y .to hichnew oweners. po w er in th e old B oston gas com
passes
th
on Dec. 24, 1897, for the purpose of ratifying a settlement panies. a c ts for su p e ly in g tin* se v era l g a i com panies co n tro lle d have
Gout-1
p
effected by the committee in behalf of the certificate holders. h«-en draw n to ran for fifty years, b u t p rovision is m ade for m o l filia
The terms of the settlement will not be announced till the tions durin g the fi fty y e a rs Before th e in d u strie s can be su p p lied
ab o
of g
m ade fo B
gas
day of the meeting. The settlement made with the general comu t 3,000,000,000 cubic fe e tw ith asthm u st be stria l revro luoston m ay
panies
lu
is in d u
tio n
bondholders will be followed with amicable foreclosure pro go haud-Ln-hand f connection
o r the whole c o u n try th e new W estiughouso gas
ceedings. A decree nnder the general mortgage has been 1engine, wlueh Mr. G eorge IVestlngbouse has iu s t com pleted a f te r six
years or ex perim enting, a n a which, i t is claim ed, w ill be th e cheap 's t
obtained,—V. 65, p. 1071.
m eaua in the fu tu re of g e n e ra tin g elecricity.
Metrop ilitan S treet Ry.—Directors.—The following
Under the annual reports” will bi found
directors were elected this week: P. A. B. Widener, W. L. ! statement showing earning!, oatpafc, divid mthe last ,annuli
is,
Elkina. Thos. Dolan, Titos. F. Ryan, Herbert H. Vreeland, I the companies now under the control of the new eto of all
D. B. H isbronck, Chas. E. Warren, Henry A. Robinson and | The $9.000,n60 first mortgage and $3,000,000enterprise.
(of the
Hans S. Beattie. The first fonr were directors of the Met- ' $4,0'0,'-001 second mortgage Boston United Gas bonds will,
ropolitan Traction Company.—V, 65, p. 977.
T
we are informed, be left undisturbed.—V. 65, p. 1071.
Met ropolitan S treet Ry. ( Kansas City).—Bonds Called.— j New York Belting & Packing—United States Rubber.—
Redemption Notice X i, J . —Of the $l,«00,00i Corrigan Con -i Pr pert.y Sold.—At the sale on Dec. 3 of this company’s prop
solidate i Street R-iilway first mortgage 5s of 1886, 23 have erty and assets, Samuel P. Colt, Secretary of the United
been drawn for redemption, viz.: Nos. 24, 39,59. 10*1 1 7, States Rubber Go., purchased the same for $675,G O
O ,—Y. 65,
2 3, 2.-6, 227, 295,339, 445, 502, 518,582, 626, 656, 715. 731,735, p . b 24.
755, 766, 350, 9 9, and will be paid at the Central Trust Co. j
New York k New Jersey Bridge.—Consolidation —The
on and after Jan. 1, 1898, at$l,IuO per bond.—Y. 65, p. 112.
the New York & New
Co. of
Newark (X. J .) (ias Co.—Xeu> Slock A u th oriset —The stockholders of authorized the board ofJersey Bridgeconsoli
York have
directors
stockholders on Monday authorized the issuing o- 8100 ’,0 0 New with the New Jersey Company and bring the to
two eomadditional capital stock, divided into $'.000,000 6 per cent date
one board of managers.
preferred and $.2,0 0,000 common stock. The $1 0 0,00) coal- j panies under the management ofelected :
mon stock heretofore issued was t j become 6 per cent enmu- j The following directors have been
e s S. C larkson. P h ila
Jo h S.
lative preferred upon any increase of the capital.—V. 65, 1D Gen. Ja m Lockwood, BulTulo; d e lp h ia :ind mn l]-r, R unnel]*. C h icag o }
aniel X
L ouis W
o
New Y o rk ; George
p. 236.
Young. New Y o rk ; C harm s A. Sm ylie, New Y ork; W illiam Bell, New
Y o rk : T hom as II. Bauchle, Now Y o rk ; W illiam H. E ly, Now Y ork;
New England Gas k Coke—Bay State (las.—Purchase o f ; Loren, o D uncan. Brooklyn ; Jo h n L ougliran, B rooklyn ; C harles H .
Boston Gas Property's —The New England Gas & Coke Co., Sw an, B ro o k ly n ; Jo h n C. Adam#, N ew burg.—V. 65, p. 621.
the trustees of which are:
New York k Queens County Electric Light.—Incorpor
Q e o rg e 0 . H s r e o , N ew Y o rk .
j H o a ry F* l >im oek, N ow Y o rk .
ated.—A certificate of incorporation has been' filedat Albany
R o b e r t C P r u y n , A lb a n y , X. Y.
I Win, L. E lk in s , PL iladelphL *. P a .
by this company, which proposes to do business in New York
S te p h e n P e a b o d y . X*iw Y o rk . N .Y. f A n th o n y N. B ra d y , N ow Y o rk .
and Queens counties. Its authorized capital stock is $-‘50,W. L. E lk in * J r . . P h ila d e lp h ia , P a . E iu o m o u M cM illin, Now Y o rk .
W illia m P ila u , PlU-dmrj;, P a .
R ic h a rd Olu«*y, B o s to n ,
000 and its directors are: John Welz, Charles Zerweck, Anton
I f , M. W h itn e y , C ^ilaiM ei, M » m .
| R o b e r t W . L o rd . B o s to n , M m
Newburger and Siegbert Bnlaban, of Brooklyn, and John
A lm e iio H . P a s o t, N e w Y o rk .
Niederstein, Jr., of Middle Village.
has tiiis week taken possession of the seven Boston gas prop
Norfolk k W estern Ry.—Extension at, /,t,' Per Cent In
erties the control of which it has purchased as stated
last week. The new company will have an authorized issue terest i f South Side 6V.—Linder an agreement with the com
V
of $17. .0 I.ikxi stock and the same amount of bonds, and will pany Y . H. Newbold’s Son & Co., of Philadelphia, offer
issue $14,000.00 >of each for the purchase of the gas proper- I prior to December 31 to extend the $100,000 South Side con
ties, etc. The transaction calls for the immediate on day' solidated mortgage third preferred bonds maturing January
of $10 ,1100,Oi.i in cash, and tins amount, it is stated, has been 1, 1893, until July 1, 1900, the interest tbereon to be 4]£ per
fully under-written, the underwriters receiving a 40 p<-r cent cent per annum, payable in gold. A premium of M of i per
bonus in stock along with their bonds. An additional cent must be paid to obtain the extension. On and after
$.y 00,000 in bonds, it is understood, was given in part pay January 1, DOS, the same firm will purchase any of the bonds
ment for the property: $2,000,0* 0 (of the $14,0)0,000) is j not so extended.—V. 65, p. 72P.
N orthern Pacific Ry.—St.s.'4,000 Prior Lien Gold Bonds
for improvements, etc. The new bonds will be gold 5 per
cents, running SO years. The mortgage trustee will ba a L i s t e d . —The prior lien bonds quoted at the New York Stock
Exchange have been increased from 879,564,500 to $8 *,388,500,
New York Trust Company.
As security for the new mortgage, it is understood, will be in order to include $301,030 bonds issued in exchange for
placed not only the property of the New England Gas & j $231,000 general first mortgage 6s of the Northern Pacific
Coke Co., but the Jamaica Plain Gas Light Co. recently' pur R R .; also to include $1,523,000 of said bonds issued against a
chased by Mr. Waitney. and also substantially all the capital like amount of Missouri Division bonds out of a total of
stock of the Brookline Gas Co. and its bonds and $1,615,000 $1,755,00 > of said Missouri Division bonds, drawn for re
certificates of indebtedness owned by the Standard Oil in ter demption by the sinking fund. The committee is em
ests and the stock of the Dorchester Light Co., recently powered to add to the list $232,000 additional prior lien
owned by the Standard Oil interests ; also $1,000,000 Boston bonds upon receipt of official notice that said bonds have
United Gas first mortgage bonis, and the voting trusteeship been issued in exchange for the remaining Missouri Division
controlling, throned the Mercantile Trust Co. of New York, bonds. There are $11,505,000 of general first mortgage
the Boston Gas Light Go., the Roxbury G.as Light Co , the bonds now held by the public.
First Dividend Payable Jan. 15, 1898, on Preferred Stock.
South Boston Gas Light Co. and the Bay State Gas. Co. of
—The directors yesterday declared a quarterly dividend of 1
Massachusetts.
The new company has contracted with the Dominion Coal per cent on the preferred stock, payable Jan. 15, for the quar
Company, of which Mr. Whitney is President and whose ter ending Dec. 1, 1897. This action, it is believed, places
mines are in Nova Scotia, to supply it with a large amount the stock'on a conservative 4 per cent basis.
The statement of earnings upon which the directors acted
of coal (300,000 tons per annum) at a very low rate. This
coal it proposes to turn into coke, selling the gas, which is as follows:
N
would otherwise bo a waste product, at an extraordinarily N et earnings for fo u r m onths en d in g Oct. 31............................$4,440,000
low price. T h: company has acquired the charter obtained N et earn in g s for N ovem ber estim ated (as a m inim um )......... 1,300,000
et earn in g s fo r D ecem ber............................................................
900,000
in Isa., oy the M tssanhosetts Pips Line Co. This charter, it
T otal n e t earnings for first six m onth#................................. $6,640,000
is understjod, authorizes the company to sail gas to individ
ual consumers a a price not mare than 00 cents per thousand F ixed ch arg es entire y e a r ............................................................. $6,000,000
su rp lu s of first six m onths o v er fixedjeharges for
feet, while fuel ga- must bs sold at not m ire than 30 cents E s tim a te d a r........................................................................................ 640,000
entire
and illuminating gas at not more than 25 cents to gas com N et earny eg s of fix m onths J a n . 1 to J u n e 3 0 , 1897. w ere... 2,145,000
in
panies within five miles of Boston, increasing at the rate of On w hich basis th e su rp lu s over fixed ch arg es fo r th e e n tire
y ear would he a t le a s t.......................................
2,785,000
5 cents per thousand feet for each, until the m iximum of 30
This surplus, it will be observed, is equivalent to almost
and 35 cents is reached at places beyond 15 miles. Whether
the company will, in face, operate under this charter is per exactly 4 per cent on the company’s $71,000,000 of outstand
ing preferred stock [the total issue is 75 millions but 4
haps a question.
Tim company has pur Towe l 250 acres of land on the Mystic millions are in the treasury], 4 per cent calling for $8,840,000.
River in the Everett, across the channel from Charleston, on As a m atter of fact the first dividend is for the quarter
ending Dec. 1, and consequently the current year’s earnings
which to bnfld its works.
will be charged with dividends to a total of only 3 per cent.
A Boston paper early in the week s a i l :
In the table given above, moreover, the earnings for the
I t is a t fir s t r-r .p o n -l to e r e c t h a t fo u r o r fiv e h im lr e d o v e n s o f th e
1 /z o o o v e n s
fo r. I t is r ,*■
I th a t e a c h o v e n w ill c o n su m e
last six months of the year are taken the same as in the six
a t i torn of eo,.l p er il» y. iirirt that at Hist nb<mt 800,000 tons o f the months ending June 30, 1897, when, owing to extraordinary
D o m in io n C oal t'o .'s ooal willli,- u sed In s u p p ly in g c o k e t o th e N ew
snow blockades and serious floods, the earnings were at ”
a
E n v la m l ra ilr o a d s a n d g»» to th e B o sto n V,|. I im ip n liies. T h e re Is In
e a c h to n o f co al 1 0 ,0 0 0 c u b ic fe e t of g a a, 0,000 f e e t is u s e d in re d u c in g minimum. For the present year it is expected the surplus
1 11«
THE CHRONICLE,
over tUe 3 per cent in dividends will be fully $1,500,000. A
four per cent rate is, Iherefore, believed to be well within the
earning power of the company.
The directors introduce their resolution regarding the div
idend with a preamble saying: “ The net earnings of this
company are now on a basis which, after providing for fixed
charges and a reasonable cash surplus for contingencies,
justify the belief .that the company may with safety begin
the distribution of dividends on its preferred stock.”—Y. 65,
p, 1024.
Oregon Improvem ent—Pacific Coast. —Fourth Instal
ment Payable Dec. 16.—The fourth instalment of the assess
ment has been called, and is payable on or before Dec. 16, as
stated in a notice in another column. The following shows
the total assessment and the several instalments of it thus
far called on both stock and bonds, the time for payment of
the first two instalments having been extended, it will be r e
membered, from the dates named to Sept. 20:
O ld s e c u r itie s i n T o ta l
a m o u n ts o f
assess.
C om . s to ck , $ 1 0 0 . .$ 1 0 0 0
P ro f sto c k s , $ 1 0 0 . 12 50
C onsol. 5 s, $ 1 ,0 0 0 ,1 2 5 0 0
T o ta l
In s ta lm e n ts c a lle d p a y a b le by-~
M a y 11. A u g . 3 0 . A'oy. 15. D ec, 16. c a lle d .
$6 00
$1 0 0
$100
$ 2 0 * $2 00
7 50
1 25
125
2 50
2 50
75 00
32 50
12 50
25 00
25 00
Made. Standard Gauge.—The Columbia & Puget Sound
RR., 55 miles of track (including sidings), has been changed
to standard gauge and la:d with new 56 pound rails. Two
new Baldwin locomotives also have been purchased.—V. 65,
p. 1072.
Oregon RR. & Navigation .—Modification o f Terms fo r
Conversion .—On Dec. 17 Kuhn, Loeb & Co. will modify the
terras upon which the Oregon Ry. & Navigation Co. first
mortgage 6s can be converted into the 4 per cent consols of
the Oregon RR. & Navigation Co. to $1,210 in 4 per cent
bonds [in place of the $1,225 as per offer of last week] for
$1,000 in 6 per cent bonds.—V. 65, p. 1072.2
Pennsylvania Company.—Listing and Description o fl$ l{
Per Cent Collateral Trust Registered Certificates o f 18971937—The $ 5 ,0 0 0 ,0 0 0 percent collateral trust certificates,
which were sold last August bearing the guaranty of the
Pennsylvania Railroad Co., have been listed on the New
York Stock Exchange. The official statement says in part:
T h e s e c e r tific a te s a r e is s u e d p u r s u a n t to a n a g r e e m e n t d a t e d S e p t.
1, 1397, b e tw e e n th e P e n n s y lv a n ia C o m p a n y , th e P e n n s y lv a n ia H R .
Co. a n d th e G ira rd L ife I n s u r a n c e A n u u ity & T r u s t Co. o f P h il a d e l
p h ia , T r u s te e , p ro v id in g fo r th e is s u e b y th e T r u s te e o f n o t e x c e e d in g
$ 2 0 ,0 0 0 ,0 0 0 P e n n s y lv a n ia C o m p a n y g u a r a n te e d t r u s t c e rtific a te s ,
w h e re o f th e c e r tific a te s , s e rie s “ A ,” a s a b o v e , a g g r e g a tin g $ 5 ,0 0 0 ,0 0 0 ,
h a v e b e e n is s u e d to p a y m a tu r in g o b lig a tio n s o f le s s o r c o rp o ra tio n s
fo r w h ic h th e c o m p m y is lia b le , a n d f o r o th e r c a p i ta l e x p e n d i tu r e s .
T h e sto c k o f th e P it ts b u r g F o r t W a y n e & C h ic ag o R y . Co on D ec. 31,
1896, w a s a s fo llo w s: C a p ita l s to c k a t d a te o f le a s e . $ 1 9 ,7 1 4 ,2 8 5 ;
g u a r a n te e d s p e c ia l s to c k , is s u e d fo r b e tte r m e n ts , $18,883,4:00. T h e
s a id g u a r a n te e d s p e c ia l s to c k ($ 5 ,0 0 0 ,0 0 0 o f w h ic h is p le d g e d a s s e c u
r i t y fo r th e tru st- c e rtific a te s) b e a r s 7 p e r c e n t d iv id e n d s , g u a r a n te e d
b y th e P e n n s y lv a n ia R R . Co. u n d e r a g r e e m e n t o f O et. 28, 1871, w h ic h
a g re e m e n t, c e rtifie d by th e tr a n s f e r a g e n ts , is e n d o rs e d o n e a c h c e r
tific a te . [See w o rd in g o f e n d o rs e m e n t in V. 5 6 . p. 7 7 4 .—E d .] A ll o f
th e s p e c ia l s to c k lia s b e e n fro m tim e t o tim e is s u e d to th e P e n n
s y lv a n ia R R . Co., le sse e , fo r b e tte r m e n ts u n d e r th e te rm s o f th e le a se ,
a n d o f th e $ 1 8 ,8 8 3 ,4 0 0 th e re o f, th e P e n n s y lv a n ia R R . Co. a n d P e n n
s y lv a n ia C o m p a n y o n D ec. 3 1 , 13 9 6 , o w n e d a ll e x c e p t $ 1 ,2 8 4 ,2 0 0 .
T h e fu n d e d d e b t o f th e P it ts b u r g F o r t W a y n e & C h icag o D ec. 31,
19 9 6 , w a s: $ 5 ,2 5 0 ,0 0 0 fir s t m o rtg a g e 7 s, $ 5 , »t>0,000 s e c o n d m o rtg a g e
7 s, $ 2 ,0 0 0 ,0 0 0 th ir d m o rtg a g e 7s.' To D ec. 3 1 ,1 8 9 6 , $ 2 ,6 0 0 ,5 0 0 of th e
f ir s t m o rtg a g e b o n d s a n d $ 2 ,8 9 9 ,5 0 0 o f th e s c o n d m o rtg a g e b o n d s
h a d b e en p u rc h a 's id b y th e tr u s te e s o f th e s in k in g fu n d , w h o h a d a lso
$ 2 ,7 3 7 ,9 3 7 9 9 c a s h o n h a n d to p u rc h a s e b o n d s , m a k in g a t o t a l s in k
in g f u n d a t t h a t d a te o f $ 8 ,2 3 7 ,9 8 7 , a g a i n s t a t o t a l is su e o f $ 1 0 ,4 1 0 ,0 0 0
fir s t a n d s ec o n d m o rtg a g e b o n d s, a n d u n d e r th e te r m s o f th e le a s e a n
a n n u a l p a y m e n t is m a d e b y th e P e n n s y lv a n ia R a ilro a d C o m p a n y ,
le sse e, su ffic ie n t to r e t i r e a l l th e o u ts ta n d in g f ir s t a n d s e c o n d m o r t
g a g e b o n d s a t m a tu rity .
T h e s a id t r u s t c e r tific a te s a r e e n title d to th e b e n e fit o f a .sin k in g
f u n d of l p e r c e n t p e r a n n u m , a m o u n tin g to $ 5 0 ,0 0 0 , to b e a p p lie d b y
th e tr u s te e to th e p u rc h a s e o f s a id c e r tific a te s a t n o t e x c e e d in g p a r
a n d a c c ru e d in te r e s t, w ith th e p ro v is io n t h a t i f s a id c e r tific a te s c a n
n o t be so p u rc h a s e d th e n th e s a id fu n d , o r so m u c h th e re o f a s m a y n o t
h a v e b een th u s u se d , s h a ll be r e p a id to th e P e n n s y lv a n ia C o m p a n y
a n d n o t th e r e a f te r fo rm p a r t o f t h e s in k in g fu n d .
A s a f u r th e r s e c u r ity fo r th e s e t r u s t c e r tific a te s th e P e n n s y lv a n i a
C o m p an y h a s c o v e n a n te d t h a t u n til th e s a m e s h a ll b e fu lly p a id i t w ill
n o t e x e rc is e its v o tin g p o w e r a s a s to c k h o ld e r o f s a id P it ts b u r g F o r t
W a y n e & C h icag o R a ilw a y Co. to in c r e a s e th e b o n d e d debt, o f t h a t
c o m p a n y b e y o n d th e a m o u n t n o w e x is tin g , n o r w ill i t v o te i t s
s a id s to c k o f -»aid P it ts b u r g F o r t W ay n e & C h ic ag o R a ilw a y Co. i n
f a v o r of re d u c in g th e d iv id e n d b elo w 7 p e r c e n t p e r a n n u m o n s a i d
g u a r a n te e d s p e c ia l s to c k o f s a id c o m p a n y p le d g e d to s e c u re th e s a id
S e rie s A t r u s t c e rtific a te s .
“ The guaranty endorsed on these securities was in the
C hronicle of Aug. 28, p. 368.—V. 65, p. 368.
People's Gas Co. of Buffalo, N.. T.—Incorporated .—This
company has been incorporated at Albany, Dec. 3, with a cap
italization of $3,000,000, to take over the property of the
Queen City Gas Li tht Co. The directors are Herbert P.
Bissell, H. H. Griffin, W e C. Cornwell, Prank B. Baird,
Wm. F. Wendt, John A. Kennedy, Fred. C. M. Lantz,;T.
Guilford Smith and Harmer St. C. Denny, all of Buffalo. "
" People’s Gas L ight & Coke—Ogden Gas.—Agreement. —
Press dispatches from Chicago say it is aunouuced officially
that an understanding has been reached between these com
panies by w iich the Ogden Gas Company, the only company
not controlled in the interest of the People’s Company, re
nounces all rights to the other two divisions of the city, and
will restrict its pro lncti >n and sales to the north side of the
city. It agrees, it is said, to make no effort to extend its
mains.—Y. 65. p. 925; V. 63, p. 559.1
New Mortgage.—The Mutual Fuel Gas Co., recently p u r
chased in the in crest of the People’s Gas Light & Coke Co ,
has about, completed drawing up a trust deed securing an
issue of $5,000,000 of 5 per cent fifty-year gold bonds. The
[V o l . LX V .
Chicago “ Herald” on Dec. 4 said: “ Within a short time all
the details necessary to the transfer of the Mutual Fuel prop
erty to the ownership of the People’s Gas Light & Coke Co.
will .be completed. The total issue of $5,000,000 has already
been subscribed for. The bonds will be guaranteed by the
People’s Gas Light & Coke Co. The Mutual Fuel earnings
have, it is understood, been about sufficient to pay 5 per cent
on $5,. 00,000.”—V. 65, p. 925.
Peoria Decatur & Evansville Ry.—Application to Pay
Coupon.—The application of the receiver to pay the July,
1897, coupon on the Peoria division bonds is to be heard on
the 15th inst.—V. 65, p. 977.
Produce Exchange T ru st Co., Standard Bank, New York.
—Merger.—The New York Produce Exchange Trust Com
pany mentioned last week will absorb the Standard National
Batik, giving its stock share for share for the $20.',00o stoc k
of the Standard.—V. 65, p. 1072.
Sandusky Mansfield & Newark By.—Protective Commit
tee.—A committee consisting of John Gardiner. J. O. Moss,
Charles C. Darning, A rthur P. Sturges and W. C. Osborn re
quests deposits of the first mortgage 7 per cent bonds at
the Union Trust Co., 80 Broadway, New York, where copies
of the protective agreement may be had. The committee
has consented to act upon request of a large majority of the
bonds.
Coupon Payment. —
The receivers will pay the coupon
which matured Jan. 1st, 1897, at the Union Trust Co., of
New York, on Dec. 15, with interest thereon at 5 percent
from m aturity, in all $36'6S per coupon.—V. 65, p. 1072.
Saratoga & St. Lawrence BK.—Bombay & Moira EB .—
Sola Under Foreclosure—Reorganized Company.—Tne Sara
toga & St. Lawrence RR. was sold under foreclosure at Ma
lone, N. Y., on Dec. 4, and purchased for $50 > by Ernest C.
Reynolds of Bombay, acting for the bondholders. The suc
cessor company is the Bombay & Moira R R ,, with capital
stock of $10 ',000. Among its directors are Samuel W. Foster,
Montreal; F. C. Smith, St. Albans, and Charles Parsons, New
York.
Seaboard & Roanoke RR.—Southern Ry.—Agreement.—
R. C. Hoffman, President of the Seaboard Air Line, and
Samuel Spencer, President of the Southern Railway, on
Thursday, announced as follows the settlement of the
differences existing between their respective companies re
specting tariffs, etc.:
“ The Baltimore Steam Packet Co. and the Baltimore
Chesapeake & Richmond Steamboat Co. have adjusted their
differences as to Chesapeake Bay traffic on a basis mutually
satisfactory, and this adjustment carries with it an agreed
policy of harmony and co operation in the management of
the rail lines of the Southern Railway and of the Seaboard
Air Line south of Washington, Norfolk and Portsmouth, in
respect to both freight and passenger traffic.”—V. 65, p. 685,
821; V. 65, p. 926.
Southern Ry.—Bonds Called.—Forty-three equipment
mortgage bonds of the Richmond & Danville RR. have been
drawn for the sinking fund and will be paid with the coupons
therefrom at the Central Trust Co. office on or after March
1, 1898, at par.—V. 65, p. 926.
Summit Branch RR.—Summit Branch C oal -In corp ora
tion —Rew Securities.—Pniladelphia papers say the charter
for the new company, the Summit Branch Coal Co., has been
granted; th.9 new mortgage will be dated Jan. 1, but the
new securities may not be issued before February. Unas
sented securities are still being received under the plan.—V.
65, p. 368.
Superior Consolidated Land Co.—Co-Receiver.—Fore
closure Proceedings.—At Milwaukee, Dec. 3, in the Federal
Court, Henry S. Butler, of Superior, was appointed as co
receiver with Selin L. Perrin and foreclosure proceedings
were begun under the mortgages for $300,000 and $1,000,000.
The latter mortgage was issued only a year ago, but no in
terest has been paid on it. Wllliam Hollis is mortgage trus
tee. The company has a capital stock of $3,0t,0,oo0, and
owns, it is stated, some 20,000 building lots and numerous
buildings in Superior, Wis.
T erre Haute Electric S treet R y .—Financial Statement.—
The statement filed with the Court by Receiver Jnm p shows
indebtedness as follows: First mortgage bonds, $400,000;
second mortgage (including $25 ',000 outstanding as collateral
for portion of floating debt), $542,000; interest, $8,883; taxes
and street improvements, $62,634; floating indebtedness,
$325,000.—V. 65, p. 1025.
Toledo St. Louis & Kansas City RR.—Status o f Fore
closure Proceedings.—A t Cincinnati on Tuesday Judge Taft
granted the application of the preferred stockholders for
additional time to take testimony in opposition to the answer
of the company, signed by its President, S. H. Kneeland, and
filed since the closing of the testimony in the main case.
The answer of the company referred to is to the cross bill of
the preferred stockholders and charges that the clause mak
ing the preferred stock a second lien was inserted without
authority of the board of directors. This it is thought can
do no more than to cause a short delay, as ex-President H ar
rison and J udge Doyle, representing the preferred stock, will
be prepared to make a full and complete answer. The mo
tion for a decree will be made January 15.—V. 65, p. 825.
IW~ tr o r o t h e r I n v e s t m e n t I t e m s s e e p a j e 1 1 2 7 .
D ecembeb
ii,
1897.]
THE CHRONICLE
Reports and Jiacumeuls.
1117
redemption. We have $900,000,000 of currency which the
Government by solemn enactment has undertaken to keep
at par with gold. Nobody is obliged to redeem in gold
but the Government. The banks are not required to redeem
in gold. The Government is obliged to keep equal with
PRESID EN T’S MESSAGE, AND REPO R TS.
gold all its outstanding currency and coin obligations, while
We give below President McKinley’s message in its receipts are not required to be paid in gold. They are
full, and also extended extracts from the report of paid in every kind of money but gold, and the only means
by which the Government can with certainty get gold is by
Mr. Gage, the Secretary of the Treasury.
borrowing. It can get It in no other way when it most
needs it. The Government, without any fixed gold revenue,
PB E STD E N T’ S M ESSAGE.
is pledged to maintain gold redemption, which it has
To the'Senate and House of Representatives':
steadily and faithfully done, and which, under the authority
It gives me pleasure to extend greeting to the Fifty-fifth i now given, it will continue to do.
The iaw which requires the Government, after having reCongress, assembled in regular session at the seat of govern
ment, with many of whose Senators and Representatives I I deemed its United States notes, to pay them out again as
have been associated in tbe legislative service. Their meet j current funds, demands a constant replenishment of the
This is especially so in times of business
ing occurs under felicitous conditions, justifying sincere con gold reserve.
gratulation, and calling for our grateful acknowledgment panic and when the revenues are Insufficient to meet the
to a beneficent Providence, which has so signally blessed expenses of the Government. At such times the Govern
and prospered us as a nation. Peace and good will with all ment has no other way to supply its deficit and maintain
the nations of the earth continue unbroken. A m atter of redemption but through the increase of its bonded debt, as
genuine satisfaction is the growing feeling of fraternal re during the administration of my predecessor, when $262,315,gard and unification of all sections of our country, tbe in 400 of 4G per cent, bonds were issued and sold and the procompleteness of which bas too long delayed realization of i ceeds used to pay the expenses of the Government in ex
the highest blessings of the Union. The spirit of patriotism cess of the revenues and sustain the gold reserve. While it
is universal and is ever increasing in fervor. The public is true that the greater part of the proceeds of these bonds
Questions which now most engross us are lifted far above was used to supply deficient revenues, a considerable por
either partisanship, prejudice or former sectional differ tion was required to maintain the gold reserve. With our
ences. They affect every part of our common country alike revenues equal to odr expenses there would be no deficit
and permit of no division on ancient lines. Questions of for requiring tbe issuance of bonds. But if the gold reserve
eign policy, of revenue, the soundness of the currency, the falls below $100,000,000, how will it be replenished except
Inviolability of national obligations, the improvement of the by selling more bonds? Is there any other way practicable
public service, appeal to the individual conscience of every I under existing law?
earnest citizen, to whatever party he belongs or in whatever g r e e n b a c k s , w h e n r e d e e m e d , s h o u l d n o t b e p a i d o u t
section of the country be may reside.
AGAIN E X C E P T FO R GOLD.
The extra session of this Congress, which closed during
The serious question then is, shall we continue the policy
July last, enacted important legislation, and while its full , that has been pursued in the past—that is, when the gold
effect has not yet been realized, what it has already accom reserve reaches the point of danger, issue more bonds and
plished assures us of its timeiiness and wisdom. To test supply the needed gold—or shall we provide other means
its permanent value further time will be required, and the to prevent these recurring drains upon the gold reserve?
people, satisfied with its operation and results thus far, are if no further legislation is had and tbe policy of selling
in no mind to withhold from it a fair trial.
bonds is to be continued, then Congress should give tbe
Secretary of the Treasury authority to sell bonds at long or
C U R R E N C Y R E F O R M P R E S S IN G .
short periods, bearing a less rate of interest than is now
Tariff legislation having been settled by the extra session , authorized by iaw.
of Congress, the question next pressing for consideration
i earnestly recommend, as soon as
receipts of
is that of the currency. The work of putting our finances Government are quite sufficient to pay the the expensesthe
all
of
upon a sound basis, difficult as it may seem, will appear the Government, that, when any of the United States notes
easier when we recall the financial operations of the Gov are presented for redemption in gold, and are redeemed in
ernment since ISO;. On the 30th day of June of that year guld, such cotes shall be kept and set apart, and only paid
we had outstanding demand liabilities in the sum of $728,the
888,447,41. On the 1st of January. 1879, these liabilities had out in exchange for gold. This is an obvious duty. If gets
United States
been reduced to $443,883,495.88,
Of our interest-bearing holder of theGovernment, henote prefers the gold, and from
ir
should not receive back
obligations the figures are even more striking. On July thefrom the
Government a
without paying gold
1, 1886. the principal of the interest-bearing debt of the in exchange for it. United States note is made all the more
Government wag $2,332,381,208. On the first day of July, apparent when the The reason for this an interest-bearing
Government issues
1893. this sum had been reduced to $585,037,100, or an aggre
United States
gate reduction of $1,747,294,108. The interest-bearing debt ! debt to provide gold for the redemption of it should not
notes—a
debt.
of the United States on the first day of December, 1897, was ; pay them non-interest-bearing demand Surely gold. If they
out again except on
and for
$847,365,620.
The Government money now outstanding
{Dec. 1) consists of $346,681,016 of United States notes, $107,- i are put out in any other way, they may return again, to be
issue to redeem them—another
793,280 of Treasury notes issued by authority of the law of followed by another bond redeem a non-interest-bearing
1890, $384,963,504 of silver certificates, and $61,280,761 of interest-bearing debt is to the utmost importance that the
debt. In my view it
of
standard silver dollars.
relieved from
With the great resources of the Government, and with Government should be for exchangesthe burden of providing
all the gold required
and export. This re
the honorable example of the past before us, we ought not sponsibility is alone borne by the Government without any
to hesitate to enter upon a currency revision which will of the usual and' necessary banking powers to help itself.
make our demand obligations less onerous to the Govern The banks do not feel the strain of gold redemption. The
ment and relieve our financial laws from ambiguity and whole strain rests upon the Government, and the size of
doubt. The brief review of what was accomplished from the gold reserve in the Treasury has come to be, with or
the close of the war to 1893 makes unreasonable and ground without reason, the signal of danger or of security. This
less any distrust either of our financial ability or sound ought to be stopped.
ness; while tbe situation from 1893 to 1897 must admonish
If we are to have an era of prosperity in the country, with
Congress of the immediate necessity of so legislating as to I sufficient receipts for the expenses of the Government, we
make the return of the conditions then prevailing im may feel no immediate embarrassment from our present
possible.
danger
will be ever pres
There are many plans proposed as a remedy for the evil. currency; but the so long still exists, and system continues.
ent, menacing us
as the existing
Before we can find the true remedy we must appreciate the ! And, besides, it is in time of adequate revenues and busi
real evil. It is not that our currency of every kind is not I
the Government should
good, for every dollar of it is good; good because tbe Govern ness tranquillity that avoid, without serious prepare for the
worst. We cannot
consequences,
ment's pledge is out to keep it so, and that pledge will not the wise consideration and prompt solution of this question.
be broken. However, the guarantee of our purpose to keep ■
SUGGESTIONS OF SE C R E TA R Y GAGE.
the pledge will be best shown by advancing towards its ful
The Secretary of the Treasury has outlined a plan in great
filment.
detail for the purpose of removing the threatened recur
EVIL OP T H E PRESENT SYSTEM,
The evil of the present system Is found in the great cost rence of a depleted gold reserve, and save ua from future
to the Government o f maintaining the parity of our differ- | embarrassment on that account. To this plan I invite your
a
ent forms of money; that Is, keeping all of them at par with, careful consideration.
r concur .with the Secretary of the Treasury in his recom- *
gold. We surety cannot be longer heedless of the burden
me nd a lion that national banks be allowed to issue notes to
this Imposes upon the people, even under fairly prosperous
conditions, while the past four years have demonstrated that the face value of the bonds which they have deposited for
it is not only an expensive charge upon the Government, circulation, and that the tax on circulating notes secured
by deposit of such bonds be reduced to one-half of 1 per
but a dangerous menace to the national credit.
It is manifest that we must devise some plan to protect cent, per annum. I also join him in recommending that
authority be given for the establishment of national banks
the Government against bond issues for repeated redemp
tions. We must either curtail the opportunity for specula with a minimum capital of $25,000. This will enable the
tion, made easy by the multiplied redemptions of our de- ! smaller villages and agricultural regions of the country to
mand obligations, or increase tbe gold reserve for their be supplied with currency to meet their needs.
THE CHRONICLE
1118
I recommend that the issue of national bank notes be re
stricted to the denomination of ?10 and upwards. If the
suggestions I have herein made shall have the approval of
Congress, then I would recommend th at national banks
be required to redeem their notes in gold.
OUR D U TY TO W A R DS SP A IN A N D CUBA.
The most important problem with which this Government
is now called upon to deal pertaining to its foreign rela
tions concerns its duty toward Spain and the Cuban in
surrection. Problems and conditions more or less in com
mon with those now existing have confronted this Govern
ment at various times in the past. The story of Cuba for
many years has been one of unrest; growing discontent;
an effort toward a larger enjoyment of liberty and self-con
trol; of organized resistance to the mother country; of de
pression after distress and warfare, and of ineffectual set
tlement to be followed by renewed revolt. For no enduring
period since the enfranchisement of the Continental posses
sions of Spain in the W estern Continent has the condition
of Cuba or the policy of Spain toward Cuba not caused con
cern to the United States.
The prospect from time to time that the weakness of
Spain’s hold upon the island and the political vicissitudes
and embarrassments of the home Government might lead to
the transfer of Cuba to a Continental power called forth,
between ,1823 and I860, various emphatic declarations of
the policy of the United States to permit no disturbance
of Cuba’s connection with Spain, unless in the direction of
independence or acquisition by us through purchase; nor
has there been any change of this declared policy since upon
the part of the Government.
The revolution which began in 1868 lasted for ten years,
despite the strenuous efforts of the successive peninsular
governments to suppress it. Then, as now, the Government
of the United States testified its grave concern and offered
its aid to put an end to bloodshed in Cuba, The overtures
made by Gen. Grant were refused, and the war dragged on,
entailing great loss of life and treasure and increased injury
to American interests, besides throwing enhanced burdens
of neutrality upon this Government. In 1878 peace was
brought about by the truce of Zanjon, obtained by nego
tiations between the Spanish commander, Martinez de
Campos, and the insurgent leaders.
The present insurrection broke out in February, 1895. It
is not my purpose at this time to recall its remarkable in
crease or to characterize its tenacious resistance against
the enormous forces massed against it by Spain. The re
volt and the efforts to subdue it carried destruction to every
quarter of the island, developing wide proportions, and de
fying the efforts of Spain for its suppression. The civilized
code of war has been disregarded, no less so by the Span
iards than by the Cubans. The existing conditions cannot
but fill this Government and the American people with the
gravest apprehension. There is no desire on the part of our
people to profit by the misfortunes of Spain. We have only
the desire to see the Cubans prosperous and contented, en
joying that measure of self-control which is the inalienable
right of man, protected in their right to reap the benefit of
the exhaustless treasures of their country.
OU R O F F E R O F M E D IA T IO N .
The offer made by my predecessor in April, 1896, tendering
the friendly offices of this Government, failed. Any media
tion on our part was not accepted. In brief the answer
read: There is no effectual way to pacify Cuba unless it
begins with the actual submission of the rebels to the mother
country. Then only could Spain act in the promised direc
tion, of her own motion and after her own plans. The
cruel policy of concentration was initiated Feb. 16, 1896.
The productive districts controlled by the Spanish armies
were depopulated. The agricultural inhabitants were herded
in and about the garrison towns, their lands laid waste and
their dwellings destroyed. This policy the late Cabinet of
Spain justified as a necessary measure of war, and as a
means of cutting off supplies from the insurgents. It has
utterly failed as a war measure. It was not civilized war
fare. It was extermination.
Against this abuse of the rights of war I have felt con
strained on repeated occasions to enter the firm and earnest
protest of this Government. There was much of public con
demnation of the treatm ent of American citizens by alleged
illegal arrests and long imprisonment awaiting trial or
pending protracted judicial proceedings. I felt it my first
duty to make instant demand for the release or speedy trial
of all American citizens under arrest. Before the change of
the Spanish Cabinet in October last, twenty-two prisoners,
citizens of the United States, had been given their freedom!
.F o r the relief of our own citizens suffering because of the
-'conflict the aid of Congress was sought in a special message
and under the appropriation of April 4, 1897, effective aid
has been given to American citizens in Cuba, many of them
at their own request having been returned to the United
States.
IN STR UC TIO N S TO M IN IS T E R W OODFORD.
The instructions given to our new Minister to Spain be
fore his departure for his post directed him to impress upon
that Government the sincere wish of the United States to
lend its aid toward the ending of the war in Cuba by reach
[V o l . L X V
ing a peaceful and lasting result, just and honorable alike
to Spain and to the Cuban people. These instructions re
cited the character and duration of the contest, the wide
spread losses it entails, the burdens and restraints it im
poses upon us, with constant disturbance of national inter
ests, and the injury resulting from an indefinite continuance
of this state of things. It was stated that at this juncture
our Government was constrained to seriously inquire if the
time was not ripe when Spain, of her own volition, moved
by her own interests and every sentiment of humanity,
should put a stop to this destructive war and make pro
posals of settlement honorable to herself and just to her
Cuban colony. It was urged th at as a neighboring nation,
with large interests in Cuba, we could be required to wait
only a reasonable time for the mother country to establish
its authority and restore peace and order within the borders
of the island; th at we could not contemplate an indefinite
period for the accomplishment of this result. No solution
was proposed to which the slightest idea of humiliation to
Spain could attach, and, indeed, precise proposals were with
held to avoid embarrassment to that Government. All that
was asked or expected was th at some safe way might be
speedily provided and permanent peace restored.
It so chanced th at the consideration of this offer, ad
dressed to the same Spanish adm inistration which had de
clined the tenders of my predecessor, and which for more
than two years had poured men and treasure into Cuba in
the fruitless effort to suppress the revolt, fell to others.
Between the departure of Gen. Woodford, the new envoy,
and his arrival in Spain, the statesman who had shaped the
policy of his country fell by the hand of an assassin, and
although the Cabinet of the late Premier still held office
and received from our envoy the proposals he bore, that
Cabinet gave place within a few days thereafter to a new
administration, under the leadership of Sagasta.
P R E S E N T A T T IT U D E O F S P A IN .
The reply to our note was received on the 23rd day of
October. It is in the direction of a better understanding.
It appreciates the friendly purposes of this Government. It
admits that our country is deeply affected by the war in
Cuba, and that its desires for peace are just. It declares that
the present Spanish Government is bound by every consider
ation to a change of policy th at should satisfy the United
States and pacify Cuba within a reasonable time. To this
end Spain has decided to put into effect the political reforms
heretofore advocated by the present Premier, without halt
ing for any consideration in the path which in its judgment
leads to peace. The m ilitary operations, it is said, will con
tinue, but will be humane and conducted with all regard
for private rights, being accompanied by political action
leading to the autonomy of Cuba, while guarding Spanish
sovereignty. This, it is claimed, will result in investing
Cuba with a distinct personality, the island to be governed
by an executive and by a local council or chamber, reserv
ing to Spain the control of the foreign relations, the army
and navy, and the judicial administration. To accomplish
this the present Government proposes to modify existing
legislation by decree, leaving the Spanish Cortes, with the
aid of Cuban Senators and Deputies, to solve the economic
problem and properly distribute the existing debt.
In the absence of a declaration of the measures th at this
Government proposes to take in carrying out its proffer of
good offices, it suggests th at Spain be left free to conduct
m ilitary operations and grant political reforms, while the
United States, for its part, shall enforce its neutral obliga
tions and cut off the assistance which, it is asserted, the
insurgents receive from this country. The supposition of
an indefinite prolongation of the war is denied. It is as
serted that the Western provinces are already well-nigh
reclaimed; th at the planting of cane and tobacco therein
has been resumed, and th at by force of arms and new and
ample reforms, very early and complete pacification is hoped
for. The immediate amelioration of existing conditions
under the new administration of Cuban affairs is predicted,
and therewithal the disturbance and all occasion for any
change of attitude on the part of the United States.
Discussion of the question of the international duties and
responsibilities of the United States, as Spain understands
them, is presented, with an apparent disposition to charge us
with failure in this regard. This charge is without any basis
in fact. It could not have been made if Spain had been cog
nizant of the constant efforts this Government has made,
at the cost of millions and by the employment of the ad
ministrative machinery of the nation at command, to per
form its full duty according to the law of nations. That it
has successfully prevented the departure of a single mili
tary expedition or armed vessel from our shores in violation
of our laws would seem to be a sufficient answer.
But of this aspect of the Spanish note it is not necessary
to speak further now. Firm in the conviction of a wholly
performed obligation, due response to this charge has been
made in diplomatic course. Throughout all these horrors
and dangers to our own peace this Government has never
in any way abrogated its sovereign prerogative of reserving
to itself the determination of its policy and course accord
ing to its own high sense of right and in consonance with
the dearest interest and convictions of our own people
should the prolongation, of the strife so demand.
DeCEJIBi E 11, 18W7.J
TH K
CJiKQJN HJLE.
B E L L IG E R E N C Y U N T E N A B L E .
Of the untried measures, there remain, only; Recognition
of the insurgents as belligerents, recognition of the inde
pendence of Cuba, neutral intervention to end the war by
imposing a rational compromise between the contestants,
and intervention in favor of one or the other party. I speak
not of forcible annexation, for that cannot be thought of.
That, by our code of morality, would be criminal aggres
sion. Recognition of the belligerency of the Cuban insur
gent® has often been canvassed as a possible If not inevitable
step, both in regard to the previous ten years’ struggle and
during the present war. I am not unmindful that the two
houses of Congress in the spring of 1896 expressed the
opinion, by concurrent resolution, th at a condition of public
war existed requiring or justifying the recognition of a
state of belligerency in Cuba, and during the extra session
the Senate voted a joint resolution of like import, which,
however, was not brought to a vote In the House of Rep
resentatives.
In the presence of these significant expressions of the
sentiment of the legislative branch, it behooves the Execu
tive to soberly consider the conditions under which so im
portant a measure must needs rest for justification. It is to
be seriously considered whether the Cuban insurrection
possesses beyond dispute the attributes of statehood which
alone can demand the recognition of belligerency in its favor.
Possession, in short, of the essential qualifications of sov
ereignty by the insurgents and the conduct of the war by
them according to the received code of war are no less im
portant factors toward the determination of the problem
of belligerency than are the influences and consequences of
the struggle upon the internal polity of the recognizing
State.
W ISE UTTERANCES OF P R E S ID E N T G RAN T.
1 19
those sudden and difficult complications which a war upon
the ocean is apt to precipitate upon the vessels, both com
mercial and national, and upon the consular officers of other
powers, calls for the definition of their relations to the par
ties to the contest.
"Considered as a question of expediency, I regard the ac
cordance of belligerent rights still to be as unwise and pre
mature, as I regard it to be, at present, indefensible as a
measure of right. Such recognition entails upon the country
according the rights which flow from it difficult and com
plicated duties, and requires the exaction from the contend
ing parties of the strict observance of their rights and
obligations. It confers the right of search upon the high
seas by vessels of both parties; it would subject the carrying
of arms and munitions of war, which now may be trans
ported freely and without interruption in vessels of the
United States, to detention and possible seizure; it would
give rise to countless vexatious questions, would release
the parent Government from responsibility for acts done by
the insurgents, and would invest Spain with the right to
exercise the supervision recognized by our treaty of 1795
over our commerce on the high seas, a very large part of
which, in its traffic between the Atlantic and the Gulf States,
and between all of them and the States on the Pacific,
passes through the waters which wash the shores of Cuba.
The exercise of this supervision could scarce fail to lead,
if not to abuses, certainly to collisions perilous to the
peaceful relations of the two States. There can be little
doubt as to what result such supervision would before long
draw this nation.
it would be unworthy of the United
States to inaugurate the possibilities of such result by meas
ures of questionable right or expediency or by any Indi
rection."
C O N SEQ U EN C ES O F R E C O G N ITIO N .
Turning to the practical aspects of a recognition of bel
The wise utterances of President Grant In his memorable
message of Dec, 7, 1875, are signally relevant to the present ligerency and reviewing its inconveniences and positive dan
situation in Cuba, and It may he wholesome now to recall gers, still further pertinent considerations appear. In the
them. At that time a ruinous conflict had for seven years code of nations there is no such thing as a naked recogni
wasted the neighboring island. During ail those years an | tion of belligerency, uuaccompanied by the assumption of
utter disregard of the laws of civilized warfare and of the | international neutrality. Such recognition, without more,
Just demands of humanity, which called forth expressions j will not confer upon either party to a domestic conflict a
of condemnation from the nations of Christendom, contln- ■status nos theretofore actually possessed, or affect the rela
ued unabated. Desolation and ruin pervaded that produc- t tion of either party to other States. The et of recognition
tive region, enormously affecting the commerce of all com- j usually takes the form of a solemn proclamation of neu
mercial nations, but that of the United States more than trality, which recites the de facto condition of belligerency
any other, by reason of proximity and larger trade and in- j as its motive. It announces a domestic law of neutrality
tercourse. At that juncture Gen. Grant uttered these words, j In the declaring State. It assumes the International obli
gations of a neutral In the presence of a public state of war.
which now, as then, gum up the elements of the problem;
"A recognition of the Independence of Cuba being, in my j It warns all citizens and others within the jurisdiction of
opinion, Impracticable and indefensible, the question which ] the proclaimant th at they violate those rigorous obligations
next presents itself Is that of the recognition of belligerent j at their own peril and cannot expect to be shielded from the
rights in the parties to the contest In a former message j consequences. The right of visit and search on the seas
to Congress 1 had occasion to consider this question, and [ and seizure of vessels and cargoes as contraband of war
reached the conclusion that the conflict In Cuba, dreadful and good prize under admiralty law must, under inter
and devastating as were its Incidents, did not rise to the ! national law, be admitted as a legitimate consequence of
a proclamation of belligerency. While according the equal
fearful dignity of war. • * «
“It is possible that the acts of foreign powers, and even ; belligerent rights defined by public law to each party in our
acts of Spain herself, of this very nature, might be j ports, disfavors would be Imposed on both, which, while
pointed to in defence of such recognition. But now, as In Us j nominally equal, would weigh heavily in behalf of Spain
past history, the United States should carefully avoid the j herself. Possessing a navy and controlling the ports of
false lights which might lead It into the mazes of doubtful ! Cuba, her maritime rights could be asserted, not only for
law and of questionable propriety, and adhere rigidly and the military investment of the island, but up to the margin
sternly to the rule, which has been its guide, of doing only of our own territorial waters, and a condition of things
th at which is right and honest and of good report. The would exist for which the Cubans within their own domain
question of according or of withholding rights of belliger could not hope to create a parallel;while its creation through
ency must he judged in every case, In view of the particu aid or sympathy from within our domain would be even
lar attending facta. Unless justified by necessity, it Is al- , more impossible than now, with the additional obligations
ways, and justly, regarded as an unfriendly act and a gratu of International neutrality we would perforce assume.
itous demonstration of moral support to the rebellion. It j The enforcement of this enlarged and onerous code of
is necessary and It is required, when the interests and neutrality would only be influential within our own juris
rights of another government or of its people are so far diction by land and sea, and applicable by our own instru
affected by a pending civil conflict as to require a definition mentalities. It could Impart to the United States no juris
of Its relations to the parties thereto. But this conflict must diction between Spain and the insurgents. It would give
be one which will be recognized in the sense of international the United States no right of intervention to enforce the
conduct of the strife within the paramount authority of
law as war.
"Belligerence, too, is a fact. The mere existence of con- 1Spain, according to the international code of war.
tending armed bodies and their occasional conflicts do n o t ! For these reasons, I regard the recognition of the bellig
constitute w ar In the sense referred to. Applying to the erency of the Cuban insurgents as now unwise and therefore
existing condition of affairs In Cuba the tests recognized by inadmissible. Should that step hereafter be deemed wise as
publicists and writers on international law, and which have ’ a measure of right and duty, the Executive will take it.
S P A IN 'S N E W PO L IC Y SHOULD H A V E A F A IR T R IA L .
been observed by nations of dignity, honesty, and power,
when free from sensitive or selfish and unworthy motives, j Intervention upon humanitarian grounds has been fre
I fall to find In the insurrection the existence of such a quently suggested and has not failed to receive my most
substantial political organization, real, palpable, and inanl- ! anxious and earnest consideration. But should such a step
fest to the world, having the forms and capable of the or he now taken, when It is apparent th at a hopeful change
dinary functions of government toward its own people and , has supervened in the policy of Spain toward Cuba? A
to other States, with courts for the administration of justice, new Government has taken office in the mother country.
with a local habitation, possessing such organization of It is pledged in advance to the declaration th at all the effort
force, such materia), such occupation of territory as to take in the world cannot suffice to maintain peace in Cuba by
the contest out of the category of a mere rebellious insur the bayonet.; that vague promises of reform after subju
rection or occasional skirmishes and place It on the terrible ! gation afford no solution of the insular problem; that with a
footing of war, to which a recognition of belligerency would j substitution of commanders must come a change of the
past system of warfare for one in harmony with a new
aim to elevate It.
"The contest, moreover, is solely on land; the Insurrec policy, which shall no longer aim to drive the Cubans to
tion has not possessed itself of a single seaport whence it. ■the "horrible alternative of taking to the thicket or suc
may send forth Its flag, nor has It any means of com cumbing In m isery;” that reforms must be Instituted In
munication with foreign powers, except through the mill- accordance with the needs and circumstances of the time,
tary lines of its adversaries. No apprehension of any of and that these reforms, while designed to give full autonomy
THE CHRONICLE
1120
to the colony and to create a virtual entity and self-controlled administration, shall yet conserve and affirm the
sovereignty of Spain by a just distribution of powers and
burdens, upon a basis of mutual interest untainted by meth
ods of selfish expediency.
The first acts of the new Government lie in these honor
able paths. The policy of cruel rapine and extermination
that so long shocked the universal sentiment of humanity
has been reversed. Under the new military commander
a broad clemency is proffered. Measures have already been
set on foot to relieve the horrors of starvation. The power
of the Spanish armies, it is asserted, is to be used, not to
spread ruin and desolation, but to protect the resumption
of peaceful agricultural pursuits and productive industries.
That past methods are futile to force a peace by subjuga
tion is freely admitted, and that ruin without conciliation
must inevitably fail to win for Spain the fidelity of a con
tented dependency.
T H E SC H E M E O P AUTONOMY.
Decrees in application of the foreshadowed reforms have
already been promulgated. The full text of these decrees
has not been received, but as furnished in a telegraphic sum
mary from our Minister are: All civil and electoral rights
of Peninsular Spaniards are, in virtue of existing constitu
tional authority, forthwith extended to Colonial Spaniards.
A scheme of autonomy has been proclaimed by decree, to
become effective upon ratification by the Cortes. It creates
a Cuban Parliament which, with the insular executive,
can consider and vote upon all subjects affecting local
order and interests, possessing unlimited powers, save as
to matters of State, war, and the navy, as to which the
Governor-General acts by his own authority as the dele
gate of the Central Government. This Parliament receives
the oath of the Governor-General to preserve faithfully the
liberties and privileges of the colony, and to it the Colonial
Secretaries are responsible. It has the right to propose to
the Central Government, through the Governor-General,
modifications of the national charter and to invite new
projects of law or executive measures in the interest of the
colony.
Besides its local powers it is competent, first, to regulate
electoral registration and procedure, and prescribe the
qualifications of electors and the manner of exercising suf
frage; second, to organize courts of justice, with native
judges from members of the local bar; third, to frame the
insular budget both as to expenditures and revenues, without
limitation of any kind, and to set apart the revenues to
meet the Cuban share of the national budget, which latter
will be voted by the National Cortes with the assistance
of Cuban Senators and Deputies; fourth, to initiate or take
part in the negotiations of the National Government for
commercial treaties which may affect Cuban interests;
fifth, to accept or reject commercial treaties which the Na
tional Government may have concluded without the par
ticipation of the Cuban Government; sixth, to frame the
colonial tariff, acting in accord with the Peninsular Gov
ernment in scheduling articles of mutual commerce between
the mother country and the colonies.
Before introducing or voting upon a bill, the Cuban Gov
ernment or the Chambers will lay the project before the
Central Government and hear its opinion thereon, all the
correspondence in such regard being made public. Finally
all conflicts of jurisdiction arising between the different
municipal, provincial and insular assemblies, or between
the latter and the insular executive power, and which from
their nature may not be referable to the Central Government
for decision, shall be submitted to the courts.
S P A IN 'S S IN C E R IT Y U N D E N IA B L E .
f ™ at
Government of Sagasta has entered upon a course
be au Z f n L r r r W th ,h onor is imP0ssible can hardlv
i
■ questioned, that in the few weeks it has existed it has
“ble6 TshT ll not impugn its of its Professions is undenie
e. I shall nntth* Sinceriity sincerity, nor should imnatience be suffered to embarrass it in the task it has
undertaken. It is honestly due to Spain and to our friendlv
relations with Spain that she should be given a reasonable
chance to realize her expectations and to prove the asserted
rvoL .
lxv
indisputable right and duty. It will be faced, without mis
giving or hesitancy, in the light of the obligation this
Government owes to itself, to the people who have confided
to it the protection of their interests and honor, and to
humanity. Sure of the right, keeping free from all offence
ourselves, actuated only by upright and patriotic consider
ations, moved neither by passion nor selfishness, the Gov
ernment will continue its watchful care over the rights and
property of American citizens, and will abate none of its
efforts to bring about by peaceful agencies a peace which
shall be honorable and enduring. If it shall hereafter appear
to be a duty imposed by our obligations to ourselves, to civil
ization and humanity to intervene with force, it shall be
without fault on our part, and only because the necessity for
such action will be so clear as to command the support and
approval of the civilized world.
H A W A IIA N A N N E X A T IO N .
By a special message dated the 16th day of June last, I
laid before the Senate a treaty signed th at day by the
plenipotentiaries of the United states and of the Republic of
Hawaii, having for its purpose the incorporation of the
Hawaiian Islands as an integral part of the United States
and under its sovereignty. The Senate having removed the
injunction of secrecy, although the treaty is still pending
before that body, the subject may be properly referred to in
this message, because the necessary action of the Congress is
required to determine by legislation many details of the
eventual union, should the fact of annexation be accom
plished, as I believe it should be.
While consistently disavowing from a very early period
any aggressive policy of absorption in regard to the Hawaii
an group, a long series of declarations through three-quarters
of a century has proclaimed the vital interest of the United
States in the independent life of the islands and their inti
mate commercial dependence upon this country. At the same
time it has been repeatedly asserted that in no event could
the entity of Hawaiian Statehood cease by the passage of the
islands under the domination or influence of another power
than the United States. Under these circumstances the logic
of events required that annexation, heretofore offered but
declined, should in the ripeness of time come about as the
natural result of the strengthening ties th at bind us to those
islands, and be realized by the free will of the Hawaiian
State.
That treaty was unanimously ratified, without
amendment, by the Senate and President of the Republic of
Hawaii on the 10th of September last, and only awaits the
favorable action of the American Senate to effect the com
plete absorption of the islands into the domain of the United
States.
What the conditions of such a union shall be, the political
relation thereof to the United States, the character of the
local administration, the quality and degree of the elective
franchise of the inhabitants, the extension of the Federal
laws to the Territory, or the enactment of special laws to fit
the peculiar condition thereof, the regulation, if need be
of the labor system therein, are all matters which the
treaty has wisely relegated to the Congress.
If the treaty is confirmed, as every consideration of dig
nity and honor requires, the wisdom of Congress will see to
it that, avoiding abrupt assimilation of elements perhaps
hardly yet fitted to share in the highest franchises of citizen
ship, and having due regard to the geographical conditions,
the most just provisions for self-rule in local matters with
the largest political liberties as an integral part of our nation
will be accorded to the Hawaiians. No less is due to a peo
ple who, after nearly five years of demonstrated capacity to
fulfil the obligations of self-governing Statehood, come of
their free will to merge their destinies in our body politic.
JA P A N AND H A W A II.
The questions which have arisen between Japan and H a
waii by reason of the treatm ent of Japanese laborers emi
grating to the islands under the Hawaiian-Japanese conven
tion of 1888 are in a satisfactory stage of settlement by nego
tiation. This Government has not been invited to mediate,
and, on the other hand, has sought no intervention in that
matter, further than to evince its kindliest disposition to
ward such a speedy and direct adjustment by the two sov
ereign States in interest as shall comport with equity and
honor. It is gratifying to learn that the apprehensions at
first displayed on the part of Japan lest the cessation of
s s n s u s £
3
Hawaii’s national life through annexation might impair
privileges to which Japan honorably laid claim have given
place to confidence in the uprightness of this Government,
and in the sincerety of its purpose to deal with all possible
heretofore sentenced to death and whn ho-™ i prisoners, ulterior questions in the broadest spirit of friendliness.
C E N T R A L A M ER IC A N A F F A IR S .
ject of repeated diplomatic correspondence duHngVoth this
and the preceding Administration ivr„t „ .**"» ?om tins
As to the representation of this Government to-Nicaragua,
citizen is now in arre“ t or^confinement tn Cuba 0 ^ ° “ balvador and Costa Rica, I have concluded that Mr. William
this Government has any knowledge.
C b
f hom s t a t e f n ? N ° n firm e d oS ,Minister of th e United States to the
® 1 near future will demonstrate wb^thor
j•
in 3
E>
and
able condition of a righteous neaee
[ndisPens- to San Jose, T af UV Salvadorthere Costa Rica, shall proceed
Costa Rica, and
temporarily establish the
I
and to Spain as well as equUaffie \ o ali' o 3 iT . ,?U
tbans headquarters of .the United States to those three sta rts
intimately involved in the welfare of Cnin ; = “te, ests ®
r
°
ests of th it coimfrv W at 1 1
u
\egar1 as the Paramount inter
(3ed
attained. If not, the exigency of fm-thi- t ’
,
3 y to be
o
<
r0lmtl y- u was developed, upon an investigation
\ the Secretary of State, that the Government of Nicaragua
by the United States will remain to be taken ^ T e n l w
while not unwilling to receive Mr. Merrv in his diplomatic
time comes that action will be determined in ^ line of
quality, was unable to do so because of the compact con-
S
D ecember 11, 1897.)
THE CHRONICLE.
eluded June 20, 1895, whereby that republic and those of
Salvador and Honduras, forming what is known as the
Greater Republic of Central America, had surrendered to the
representative Diet thereof their right to receive and send
diplomatic agents. The Diet was not willing to accept him
because he was not accredited to th at body. I could not
accredit him to that body because the appropriation law of
Congress did not permit it. Mr. Baker, the present Minister
at Managua, has been directed to present his letters of
recall.
Mr. W. Godfrey Hunter has likewise been accredited to the
governments of Guatemala and Honduras, the same as his
predecessor. Guatemala is not a member of the Greater Re
public of Central America, but Honduras Is. Should this
latter Government decline to receive him, he has been in
structed to report this fact to his Government and await its
further instructions.
T H E N IC A R A G U A CA NA L.
1121
port of the world, thus opening up new and valuable mar
kets to the surplus products of the farm and the factory.
B E H R IN G SEA M A T TE R S.
The efforts which have been made during the two previous
years by my predecessor to secure better protection to the
fur seals in the North Pacific Ocean and Behring Sea were
renewed at an early date by this Administration, and have
been pursued with earnestness. Upon my invitation the
governments of Japan and Russia sent delegates to Wash
ington, and an international conference was held during the
months of October and November last, wherein it was unani
mously agreed that, under the existing regulations, this spe
cies of useful animals was threatened with extinction, and
that an international agreement of all the interested powers
was necessary for their adequate protection.
The Government of Great Britain did not see proper to he
represented at this conference, but subsequently sent to
Washington as delegates the expert Commissioners of Great
Britain and Canada who had during the past two years
visited thePribyiov Islands, and who met in conference sim
ilar Commissioners on the part of the United States. The
result of this conference was an agreement on important
facts connected with the condition of the seal herd, hereto
fore in dispute, which should place beyond controversy the
duty of the governments concerned to adopt measures with
o u t " d e l a y for the preservation and restoration of the herd.
Negotiations to this end are now in progress, the result of
which I hope to be able to report to Congress at an early
day.
*
i
A subject of large importance to our country and increas
ing appreciation on the part of the people is the completion
of the great highway of trade between tne Atlantic and
Pacific, known as the Nicaragua Canal. Its utility and
value to American commerce is universally admitted. The
commission appointed under date of July 24 last “to continue
the surveys and examinations authorized by the act ap
proved March 2, 1895," in regard to "the proper route, feas
ibility, and cost of construction of the Nicaragua Canal, with
a view of making complete plans for the entire work of con
struction of such canai," is now employed in the undertak
IN T E R N A T IO N A L A R B IT R A T IO N .
ing. In the future I shall take occasion to transm it to Con
International arbitration cannot be omitted from the list
gress the report of this commission, making at the same
of subjects claiming our consideration. Events have only
time such further suggestions as may then seem advisable.
served to strengthen the general views on this question
T H E B IM E T A L L IC COMM ISSION,
expressed in my inaugural address. The best sentiment of
Under the provisions of the Act of Congress, approved the civilized world is moving toward the settlement of differ
March 3, 1897, for the promotion of an international agree ences between nations without resorting to the horrors of
ment respecting bimetallism, I appointed on the 14th day of war. Treaties embodying these humane principles on broad
April, 1897, the Hon. Edward O. Wolcott, of Colorado; the lines, without in any way imperiLing our interests or our
Hon. Adlai E. Stevenson, of Illinois, and the Hon. Charles honor, shall have my constant encouragement.
J. Paine, of Massachusetts, as special envoys to represent
T H E P A R IS E X H IB IT IO N OF 1900.
the United States. They have been diligent in their efforts
The acceptance by this Government of the invitation of the
to secure the concurrence and co-operation of European Republic of France to participate in the Universal Exposition
countries In the international settlement of the question, of 1900 at Paris was immediately followed by the appoint
but up to this time have not been able to secure an agree ment of a Special Commissioner to epresent the United
ment contemplated by their mission.
States in the proposed Exposition with special reference to
The gratifying action of our great sister republic of the securing of space for an adequate exhibit on behalf of
France in joining this country in the attempt to bring about the United States. The Special Commissioner delayed his
an agreement among the principal commercial nations of departure for Paris long enough to ascertain the probable
Europe, whereby a fixed and relative value between gold and demand for space by American exhibitors. His inquiries
silver shall be secured, furnishes assurance that we are not developed an almost unprecedented interest in the proposed
alone among the larger nations of the world In realizing the Exposition, and the information thus acquired enabled him
international character of the problem, and in the desire of to justify an application for a much larger allotment of
reaching some wise and practical solution of it. The British
American section than had been reserved by
Government has published a resume of the steps taken joint the Exposition authorities. The result was particularly
ly by the French Ambassador In London and the special gratifying, in view of the fact that the United States was
envoys of the United States, with whom our Ambassador at o n e of the last countries to accept the invitation of France.
London actively co-operated in the presentation of this sub The reception accorded our Special Commissioner was most
ject to her Majesty's Government. This will be laid before cordial, and he was given every reasonable assurance that
Congress,
the United States would receive a consideration commensur
Our special envoys have not made their final report, as fur ate with the proportions of our exhibit
ther negotiations between the representatives of this Gov
The report of the Special Commissioner as to the magni
ernment and the governments of other countries are pend tude and importance of the coming Exposition and the great
ing and in contemplation. They believe that doubts demand for space by American exhibitors supplies new argu
which have been raised in certain quarters respecting the ments for a liberal and judicious appropriation by Congress,
possibility of maintaining the stability of the parity between to the end that an exhibit fairly representative ot the indus
the metals and kindred questions may yet be solved by fur tries and resources of our country may be made in an expo
ther negotiations.
sition which will illustrate the world's progress during the
Meanwhile. It gives me satisfaction to state that the spe nineteenth century. That Exposition is intended to be the
cial envoys have already demonstrated their ability and most important and comprehensive of the long series of
fitness to deal with the subject, and it is to he earnestly international exhibitions of w h ic h our own at Chicago was
hoped that their labors may result in an International agree a brilliant example, and it is desirable that the United States
ment which will bring about recognition of both gold and should make a worthy exhibit of American genius and skill
stiver as money, upon such terms and with such safeguard;* and their unrivalled achievements in every branch ot mas will secure the use of both metals upon a basis which
shall work no injustice to any class of our citizens.
N E E D S OF T H E NAVY.
The present immediately effective force of the navy con
T H E N E W T A R IF F LA W AND R E C IP R O C IT Y .
sists of four battleships of the first-class, two of the second,
In order to execute as early as possible the provisions of and fortv-eight other vessels, ranging from armored cruisers
the third and fourth sections of the Revenue Act, approved to torpedo boats. There are under construction five battle
July 24, 1897, I appointed the Hon. John A. Kasson, of Iowa, ships of the first-class, sixteen torpedo boats and one sub
a Special Commissioner Plenipotentiary to undertake the marine boat. No provision has yet been made for the armor
requisite negotiations with foreign countries desiring to of three of the five battleships, as it has been impossible to
avail themselves of these provisions. The negotiations are obtain it at the price fixed by Congress. I t is ot great im
now proceeding with several governments, both European portance that Congress provide this armor, as until then the
and American.' It is believed that by a careful exercise of shins are of no fishting, value*
,
the powers conferred by th a t act, some grievances of our
The present naval force, especially in view of its increase
own and of other countries in our mutual trade relations hy the ships now under construction, while not as large as
may be either removed or largely alleviated, and that the , hat of a few other powers, is a formidable force. Its vessels
volume of our commercial exchanges may be enlarged with are the very best of each type, and with the increase that
advantage to both contracting parties.
1,01k 1 be made to it from time to time m the future, and
Most desirable from every standpoint of national interest
att.< p i ion to keeping it in a high state of efficiency
and patriotism is the effort to extend our foreign commerce. and repair, it is well adapted to the necessities of the
To this end our merchant marine should be improved and
enlarged. We should do our full share of the carrying
The great increase of the navy, which has taken plape in
trade of the world. We do not do it now. We should he recent years, was justified by the requirements for national
the laggard no longer. The inferiority of our merchant ma defence, and has received public approbation. The time
r i n e is justly humiliating to the national pride. The Gov h nq n ow a rrived, however, when this increase, to which the
ernment by everv proper constitutional means should aid country is committed, should, for a time, take the form of
in making our ships familiar visitors at every commercial
I HR CHROMCLE,
1122
Increased facilities commensurate with the increase of our
naval vessels. It is an unfortunate fact that there is only
one dock on the Pacific Coast capable of docking our largest
ships, and only one on the Atlantic Coast, and that the latter
has for the last six or seven months been under repair and
therefore incapable of use. Immediate steps should be taken
to provide three or four docks of this capacity on the Atlan
tic Coast, at least one on the Pacific Coast, and a floating
dock in the Gulf. This is the recommendation of a very
competent board appointed to investigate the subject.
There should also be ample provision made for powder and
projectiles and other munitions of war, and for an increased
number of officers and enlisted men. Some additions are
also necessary to our navy yards for the repair and care of
our larger number of vessels.
As there are now on the stocks five battleships of the larg
est class which cannot be completed for a year or two, I con
cur with the recommendation of the Secretary of the Navy
for an appropriation authorizing the construction of one
battleship for the Pacific Coast, where at present there is
only one in commission and one under construction,while on
the Atlantic Coast there are three in commission and four
under construction; and also that several torpedo boats be
authorized in connection with our general system of coast
defence.
THE REQUIREM ENTS IN ALASKA.
The Territory of Alaska requires the prompt and early
attention of Congress. The conditions now existing demand
material changes in the laws relating to the Territory. The
great influx of population during the past summer and fall
and the prospect of a still larger immigration in the spring
will not permit us to longer neglect the extension of civil
authority within the Territory or postpone the establish
ment of a more thorough government. A general system of
public surveys has not yet been extended to Alaska, and all
entries thus far made in that district are upon special sur
veys. The act of Congress extending to Alaska the mining
laws of the United States contained the reservation that it
should not be construed to put in force the general land laws
of the country. By act approved March 3, 1891, authority
was given for entry of lands for town site purposes, and also
for the purchase of not exceeding 160 acres then or there
after occupied for purposes of trade and manufacture. The
purpose of Congress, as thus far expressed, has been that
only such rights should apply to that Territory as should
be specifically named. . It will be seen how much remains to
be done for that vast and remote and yet promising portion
of our country. Special authority was given to the Presi
dent by the act of Congress approved July 24, 1897, to
divide that Territory into two land districts, and to designate
the boundaries thereof and to appoint registers and survey
ors of said land offices, and the President was also authorized
to appoint a Surveyor-General for the entire district. Pur
suant to this authority, a Surveyor-General and receiver
have been appointed, with offices at Sitka. If in the ensuing
year the conditions justify it, the additional land district
authorized by law will be established, with an office at some
point in the Yukon Valley. No appropriation, however, was
made for this purpose, and that is now necessary to be done
for the two land districts into which the Territory is to be
divided.
I concur with the Secretary of War in his suggestions as to
the necessity for a military force in the Territory of Alaska
for the protection of persons and property. Already a small
force, consisting of twenty-five men, with two officers, under
command of Lieut.-Col. Randall, of the Eighth Infantry, has
been sent to St. Michael to establish a military post. As it
is to the interest of the Government to encourage the devel
opment and settlement of the country, and its duty to follow
up its citizens there with the benefits of legal machinery, I
earnestly urge upon Congress the establishment of a system
of government with such flexibility as will enable it to adjust
itself to the future areas of greatest population.
The startling, though possibly exaggerated, reports from
the Yukon River country of the probable shortage of food for
the large number of people who are wintering there without
the means of leaving the country are confirmed in such
measure as to justify bringing the matter to the attention of
Congress. Access to that country in winter can be had only
by the passes from Dyea and vicinity, which is a most diffi
cult and perhaps an impossible task.
However, should
these reports of the suffering of our fellow citizens be fur
ther verified, every effort at any cost should be made to carry
them relief.
[VOL. LXV.
which is very fertile land. The United States citizens resid
ing in the Territory, most of whom have gone there
by invitation or with the consent of the tribal authorities,
have made permanent homes for themselves. Numerous
towns have been built, in which from 500 to 5,000 white peo
ple now reside. Valuable residences and business houses
have been erected in many of them. Large business enter
prises are carried on, in which vast sums of money are em
ployed, and yet these people, who have invested their capital
in the development of the productive resources of the coun
try, are without title to the land they occupy, and have no
voice whatever in the government either of the nations or
tribes. Thousands of their children who were born in the
Territory are of school age, but the doors of the schools of
the nations are shut against them, and what education they
get is by private contribution. No provision for the pro
tection of the life or property of these white citizens is made
by the tribal governments and courts.
The Secretary of the Interior reports that leading In
dians have absorbed great tracts of land to the exclusion of
the common people, and government by an Indian aristoc
racy has been practically established to the detriment of the
people. It has been found impossible for the United States
to keep its citizens out of the Territory, and the executory
conditions contained in the treaties with these nations have
for the most part become impossible of execution. Nor has
it been possible for the tribal governments to secure to each
individual Indian his full enjoyment in common with other
Indians of the common property of the nations. Friends of
the Indians have long believed that the best interests of the
Indians of the five civilized tribes would be found in Ameri
can citizenship, with all the rights and privileges which be
long to that condition.
WORK OF THE DAWES COMMISSION.
By section 16 of the act of March 3, 1893, the President
was authorized to appoint three Commissioners to enter into*
negotiations with the Cherokee, Choctaw, Chickasaw, Mus
cogee (or Creek) and Seminole nations, commonly known as
the five civilized tribes in the Indian Territory. Briefly, the
purposes of the negotiations were to be: The extinguish
ment of tribal titles to any lands within that Territory now
held by any and all such nations or tribes, either by cession
of the same or some part thereof to the United States, or by
allotment and division of the same in severalty among the
Indians of such nations or tribes respectively as may be
entitled to the same, or by such other method as may be
agreed upon between the several nations and tribes afore
said, or each of them, with the United States, with a view to
such an adjustment upon the basis of justice and equity as
may, with the consent of the said nations of Indians, so far
as may be necessary, be requisite and suitable to enable the
ultimate creation of a State or States of the Union which
shall embrace the lands within said Indian Territory.
The commission met much opposition from the beginning.
The Indians were very slow to act, and those in control man
ifested a decided disinclination to meet with favor the prop
ositions submitted to them, A little more than three years
after this organization the commission effected an agree
ment with the Choctaw Nation alone.
The Chickasaws,
however, refused to agree to its terms, and as they have a
common interest with the Choctaws in the lands of said na
tions, the agreement with the latter nation could have no
effect without the consent of the former.
On April 23,
1897, the commission effected an agreement with both tribes
-—the Choctaws and Chickasaws. This agreement, it is un
derstood, has been ratified by the constituted authorities
of the respective tribes or nations parties thereto, and only
requires ratification by Congress to make it binding.
On the 27th of September, 1897, an agreement was effected
with the Creek Nation, but it is understood that the national
council of said nation has refused to ratify the same. Nego
tiations are yet to be had with the Cherokees, the most pop
ulous of the five civilized tribes, and with the Seminoles,
the smallest in point of numbers and territory.
The provision in the Indian appropriation act, approved
June 10, 1896, makes it the duty of the commission to inves
tigate and determine the rights of applicants for citizenship
in the five civilized tribes, and to make complete census rolls
of the citizens of said tribes. The commission is at present
engaged in this work among the Creeks, and has made ap
pointments for taking the census of these people up to and
including the 30th of the present month.
Should the agreement between the Choctaws and Chicka
saws be ratified by Congress, and should the other tribes fail
THE UNSATISFACTORY SITUATION IN THE INDIAN TERRITORY to make an agreement with the commission, then it will be
For a number of years past it has been apparent that the necessary that some legislation shall be had by Congress
conditions under which the five civilized tribes were estab which, while just and honorable to the Indians, shall be
lished in the Indian Territory under treaty provisions with equitable to the white people who have settled upon these
the United States, with the right of self-government and the lands by invitation of the tribal nations.
exclusion of all white persons from within their borders,
The Hon. Henry L. Dawes, Chairman of the commission,
have undergone so complete a change as to render the con in a letter to the Secretary of the Interior, under date of
tinuance of the system thus inaugurated practically impossi October 11, 1897, says:
ble. The total number of the five civilized tribes, as shown
“ Individual ownership is in their (the commission’s) opin
by the last census, is 45,491, and this number has not mate ion absolutely essentia] to any permanent improvement in
rially increased; while the white population Is estimated at present conditions, and the lack of it is the root of nearly all
from 200,000 to 250.000, which by permission of the Indian the evils which so greviously afflict these people. Allotment
Government has settled in the Territory. The present area by agreement is the only possible method, unless the United'
of the Indian Territory contains 25,694,564 acres, much of States courts are clothed with the authority to apportion the-
D ecem ber
11, 1897 J
THh CHRONICLE,
lands among the citizen Indians for whose use it was origin
ally granted.”
I concur with the Secretary of the Interior that there can
be no cure for the evils engendered by the perversion of
these great trusts, excepting by their resumption by the
Government which created them.
T H E Y E L L O W F E V E R E P ID E M IC .
The recent prevalence of yellow fever in a number of
cities and towns throughout the South has resulted in much
disturbance of commerce and demonstrated the necessity of
such amendments to our quarantine laws as will make the
regulations of the national quarantine authorities para
m ount The Secretary of the Treasury, in the portion of his
report relating to the operation of the Marine Hospital serv
ice, calls attention to the defects in the present quarantine
laws and recommends amendments thereto which will give
the Treasury Department the requisite authority to prevent
the invasion of epidemic diseases from foreign countries,
and In times of emergency like that of the past summer will
add to the efficiency, of the sanitary measures for the protec
tion of the people, and at the same time prevent unnecessary
restriction of commerce. I concur in his recommendation.
In further effort to prevent the invasion of the United
States by yellow fever the importance of the discovery of the
exact cause of the disease, which up to the present time has
been undetermined, is obvious, and to this end a systematic
bacteriological investigation should be made. I therefore
recommend that Congress authorize the appointment of a
commission by the President, to consist of four expert bacteriologists, one to be selected from the medical officers of
the Marine Hospital service, one to be appointed from civil
life, one to be detailed from the medical officers of the army,
and one from the medical officers of the navy.
T H E UNIO N P A C IF IC F O R E C L O S U R E .
The Union Pacific Railway, main line, was soid under the
decree of the United States Court for the district of Nebraska on the 1st and 2nd of November of this year. The
amount due the Government consisted of the principal of the
subsidy bonds, $27,23*1,512, and the accrued interest thereon,
$31,211,711.75, making the total Indebtedness $58,44S,223.75.
The bid at the sale covered the first mortgage lien and the
entire mortgage claim of the Government, principal ann
Interest.
W H A T TO DO AS R E G A R D S T H E K A N SA S P A C IF IC L IN E .
I 128
and interest. But whether the Government, rather than
accept less than its claim, should become a bidder and there
by the owner of the property, l submit to the Congress for
action.
CONGRESSIONAL LIBRARY BUILDING.
The library building provided for by the act of Congress,
approved April 15, 1SS6, has been completed and opened to
the public. It should be a matter of congratulation that
through the foresight and munificence of Congress the
nation possesses this noble treasure-house of knowledge,
it is earnestly to be hoped that having done so much toward
the cause of education, Congress will continue to develop the
library in every phase of research to the end that it may be
not only one of the most magnificent, but among the richest
and most useful libraries in the world.
C IV IL SE R V IC E .
The important branch of our Government known as the
civil service, the practical improvement of which has long
been a subject of earnest discussion, has of late years re
ceived increased legislative and executive approval. During
the past few months the service has been placed upon a still
firmer basis of business methods and personal merit. While
the right of our veteran soldiers t reinstatement in deserv
j ing cases has been asserted, dismissals for merely political
i reasons have been carefully guarded against, the examina
j tions for admittance to 3 he service enlarged, and at the same
time rendered less technical and more practical; and a dis
j tinct advance has been made by giving a hearing before dis
! missal upon ail cases where incompetency is charged or de
j mand made for the removal of officials in any of the depart
] ments. This order has been made to give the accused his
right to be heard, but without in any way impairing the
power of removal, which should always be exercised in cases
of inefficiency and incompetency, and which is one of the
i vital safeguards of the civil service reform system, prevent
! ing stagnation and deadwood and keeping every employe
I keenly alive to the fact that the security of his tenure de
! pends not on favor but on his own tested and carefully
watched record of service.
Much, of course, still remains to be accomplished before
j the system can be made reasonably perfect for our needs.
j There are places now in the classified service which ought to
be exempted, and others not classified may properly be
included. I shall not hesitate to exempt cases which I think
have been improperly included in the classified service, or
include those which in my judgment will best promote the
public service. The system has the approval of the people,
and it will be my endeavor to uphold and extend it.
I am forced by the length of this message to omit many
Important references to the affairs of the Government with
which Congress will have to deal at the present session.
They are fully discussed in the Departmental reports, to all
j of which I invite your earnest attention.
i
E X P E N S E S SH O U LD B E K E P T D OW N.
;
| The estimates of the expenses of the Government by the
j several Departments will, I am sure, have your careful scrut
i iny. While the Congress may not find it an easy task to
reduce the expenses of the Government, it should not en
courage their increase. These expenses will, in my judg
ment, admit of a decrease in many branches of the Govern
ment without injury to the public service. It is a command
ing duty to keep the appropriations within the receipts of
the Government, and thus avoid a deficit.
w i l l i a m m c k in l b y .
Executive Mansion, Dec. 6 . 1897.
The sale of the subsidized portion of the Kansas Pacific
line, upon which the Government holds a second mortgage
lien, has been postponed, at the instance of the Government,
to December 16, 1397. The debt of this division of the Union
Pacific Railway to the Government on November 1, 1897, was
the principal of the subsidy bonds, $6,303,090, and the unpaid
and accrued interest thereon, $6,626,690.33, making a total of
$12,929,690.33. , The sale of this road was originally adver
tised for November 4, but for the purpose of securing the
utmost public notice of the event It was postponed until December 16, and a second advertisement of the sale was made.
By the decree of the court the upset price on the sale of the
Kansas Pacific will yield to the Government the sum of
$2,500,000 over ail prior liens, costs, and charges.
If no
other or better bid is made this sum is all that the Govern
ment will receive on Its claim of nearly $13,000,000.
The Government has no Information as to whether there
will be other bidders or a better bid than the minimum
amount herein stated. The question presented, therefore,
is whether the Government shall, under the authority
given it by the act of March 3, 1887, purchase or redeem
the road in the event tnat a bid is not made by private par
ties covering the entire Government claim. To qualify the
Government to bid at the sales will require a deposit of $900,000, as follows: In the Government cause, $500,000, and in
each of the first mortgage causes. $2 00 ,0 0 0 , and in the latter U E P O K T O F T I I K S E C B E T A R Y O F T H E T i t EA IS4 I IY .
TREASU RY D EPARTM ENT,
the deposit must be in cash. Payments at the sale are as
Washington, D. C.
follows: I'pon the acceptance of the bid a sum which, with
December 6 , 1897.
the amount already deposited, shall equal 15 per cent, of the
bid: the balance in Installments of 25 per cent., thirty, forty, Sir; I have the honor to submit the following report;
and fifty days after the confirmation of the sale. The lien
R E C E IP T S AND E X P E N D IT U R E S , F IS C A L Y E A R 1897.
on the Kansas Pacific prior to that of the Government on the
30th of July, 1897, principal and Interest, amounted to
The revenues of the Government from all sources for the
$7,281,0(3.11. The Government, therefore, should it become fiscal year ended June 30, 1897, were:
the highest, bidder, will have to pay the amount of the first Frora customs ................. ......................................
$170,554,126.05
140.088,574.29
mortgage lien.
Internal revenue .................................................................
Profits on coinage, bullion deposits and assays............
7,239,813.53
I believe that under the act of 1887 it has the authority to
District of Columbia .................. ................. ............
3,506.130.29
do this, and in the absence of any action by Congress I shall
Fees—consular, letters patent, and land ......................
2,881.555.12
direct the Secretary of the Treasury to make the necessary
Sinking fund for Pacific Railways ............................ .....
2,277,178,25
1,072,508.83
Tax on N ational banks ................ .........................
deposit as required by the court's decree to qualify as a bid
Navy pension and Navy hospital funds, etc..................
1,122,883:05
der and Li bid at the sale a sum which will at least equal the
012,148.39
Repayment o f Interest by Pacific Railways . ...............
principal of Lie debt due to the Government; but suggest, in
913.119.93
Miscellaneous so u rc e # .......................................................
864,581.41
Sales of public lands ............................................
order to remove all controversy, that an amendment of the
845.419.03
Safes o f Indian lands ........................................................
law be immediately passed, explicitly giving such powers
5S0.S27.45
Customs ft" -, fines penalties, etc...................................
and appropriating in general terms whatever sum is suffi
Reim bursement for cost ot water supply. District of
321,007.75
Columbia ...................................................................... cient therefor.
309.936.17
Im m igrant fund ............................................... ............. .
In so important a matter as the Government becoming the
202,712.43
Sales of Government p r o p e rty .........................................
possible owner of railroad property, which it perforce must
12.3
320.75
Deposits for surveying public l a n d s ..............................
126.617.94
Soldiers' Home, perm anent fund ....................................
conduct and operate, t feel constrained to lay before Con
81.319.70
gales of lands and buildings under special a c t s ..........
gress these facts for its consideration and action before the
48,478.54
Depredations on public lands ..........................................
consummation of the sale. It is clear to my mind that, the
48,368.66
Rales of ordnance m aterial ..............................................
82,665,462.73
Postal s e r v ic e ........................ ................................... .........
Government should not permit the property to be sold at
& price which will yield less than one-baif of the principal
$430,387,167.89
Total receipts
o f its debt,and less than one-fifth of its entire debt, principal
THE CHRONICLE,
1124
The expenditures for the same period were:
F o r the civil e stab lish m en t, in clu d in g foreign In terco u rse
public buildings, co llectin g the rev en u es, bo u n ty
on su g ar. D istric t of C olum bia, an d o th e r m iscel
laneous expenses ........................ • • • • • • , .............. • ■■■■1
The m ilitary e stab lish m en t. Including riv e rs and h a r
bors, fo rts, a rsen a ls, an d seaco ast d efen ces..............
The n av al e stab lish m en t, inclu d in g c o n stru ctio n of
new vessels, m ach in ery , arm a m e n t, eq u ip m en t an d
im provem ents a t n av y y a r d s ..........................................
Indian service ............................................................................
Pensions ........................................................................................
‘ In te re st on ihe public d eb t ...................................................
Deficiency in p o stal r e v e n u e s .............................................
P ostal service .............................................................................
T o tal e x p en d itu res .....................................................
Show ing a deficit of ............................................................*• • • •
$79,252,061.69
48,950,267.89
34,561,546.29
13,016,802.46
141,053,164.63
37,791,110.48
11,140.206,13
82.605,462.73
$448,439,622.30
18.0p2.454.41
In addition to the ordinary revenues collected during the
year, the cash in the Treasury was increased by the follow
ing sums:
From national bank fund deposited under
act of July 14, 1890, in excess of banknotes redeemed, $4,356,614 50, and from the issue of 4 per cent, bonds in liquidation
of interest accrued on refunding certificates converted during
the year, $1,240, making a total of $4,357,854.50. The securi
ties redeemed during the year on account of the sinking fund
were as follows:
$2,400.00
1,000.00
500.00
500.00
1 , 000.00
1.500.00
1.600.00
237,400.00
6,192.00
Loan of J u ly an d A u g u st, 1861...................................................
F ive-tw enties of 1862 ........... ............................................* ..........
Loan of 1803 ........................... .........................................................
Funded loan of 18S1 ....................................................................
Funded loan of 1881, co n tin u ed a t 3% p er c e n t................
Loan Ju ly and A ugust, 1861, continued a t 3% p e r cent.
L oan of Ju ly , 1882 .........................................................................
Funded loan of 1891 .................... ................................................
F rac tio n a l cu rren cy a n d n o tes ............................................ —
T o tal
$2o2,092.00
As compared with the fiscal year 1896, the receipts for 1897
increased $20,911,759.11.
*
*
*
*
*
*
*
*
There was an increase of $13,594,713.49 in the ordinary ex
penditures.
*
*
*
*
*
*
*
*
F IS C A L Y EA R , 1898.
The revenues of the Government for the current fiscal year
are thus estimated upon the basis of existing laws:
$165,000,000.00
156,000,000.00
24,000,000.00
96,227,076.6S
F ro m custom s ....................
In te rn a l, rev en u e . . . .
M iscellaneous sources
P o sta l serv ice ..............
T o tal estim ated r e v e n u e s ..................................................
F o r th e civil e sta b lish m e n t .......................................................
M ilitary e sta b lish m e n t ..........................................................
N aval estab lish m en t ...............................................................
In d ia n s e r v i c e .......................................................
P ensions .................................
In te re s t on th e p u b lic d e b t .................................................
P o sta l service
.....................................
$88,000,000.00
60,000,000.00
32,000,000.00
11,000,000.00
146,000,000.00
36,000,000.00
96,227,076.68
T o tal estim ated e x p en d itu res ............. - ......................
Or a deficit of .................................................................................
$469,227,076.68
28,000,000.00
*
*
*
*
*
*
*
*
O PE R A T IO N O F T H E T A R IF F O F 1897.
The tariff act of July 24, 1897, entitled “An act to provide
revenue for the Government and to encourage the industries
of the United States,” has not been in force long enough to
determine fully its merits, but it is confidently believed that
when in full operation it will afford ample revenue for the
ordinary needs of the Government, while adequately pro
tecting our manufacturing and agricultural interests.
Owing to the heavy importations which were made in an
ticipation of the passage of the measure, the customs rev
enues received during the first three months of the operation
of the act have been diminished, and are not an indication of
the revenue which the law will produce when importations
are normal.
Our home industries have already felt the stimulating
effect of the law.
Steps have been taken to fully advise other governments of
the provisions relating to reciprocal trade, and a Commis
sioner has been appointed to assist in the negotiation of
treaties under sections 3 and 4 of the act.
The complete enforcement of the provisions of section 5,
relating to the exaction of countervailing duties equal to
any direct or indirect bounty or grant paid or bestowed by
any foreign country upon the exportation of its products,
has been delayed by the difficulty of obtaining positive infor
mation regarding such grants or bounties. This department,
with the co-operation of the Department of State, is using
every means for ascertaining the facts, and whenever such
bounty or grant is believed to exist, a tentative deposit of
countervailing duty has been required.
The Board of General Appraisers reports that “the follow
ing figures would indicate that there will be fewer protests
and less litigation under the new tariff act than under its
predecessor.” Number of protests received first sixty days:
Under act of August 28, 1894, 2,896; under act of July 24,
1897, 730.
*
*
*
*
*
*
*
section referred to, because it confers upon the Secretary
proper supervision over the conduct and proceedings of such
persons. A large part of the customs business of the coun
try is placed in the hands of brokers, and it is essential to
the interest of the revenue and to the security of importers
that no person shall be allowed to act in such capacity who
are not responsible and trustworthy. At present the Secre
tary is without authority over the proceedings of such brok
ers, whereas under the section repealed he could deprive any
unfit person of the right to carry on the business. In fact,
more than one occasion occurred during the pendency of this
section for the exercise of his authority in this respect.
Section 23 of the Customs Administrative act permits,
under certain conditions, the abandonment by importers of
all or any portion, not less than 10 per cent., of the merchan
dise included in any invoice. This abandonment often
leaves in the hands of tne Collector a mass of material, such
as decayed fruit and vegetable matter, which he is compelled
to remove at the expense of the Government. I recommend
that the section shall he so amended as to compel importers
to deliver abandoned merchandise at siich points as the
Collector of, the port of entry may direct.
*
*
CUSTOMS A D M IN IST R A T IO N .
Included among the sections of the tariff act of August 28,
1894. which were repealed by the act of July 24, 1897, was
Section 23, providing for the licensing of Custom House
brokers. I earnestly recommend the re-enactment of the
*
' *
*
*
*
*
*
IN T E R N A L R E V E N U E .
The receipts from the several objects of taxation under the
internal revenue laws for the fiscal years ended June 30,
1896 and 1897, were as follows:
i----- F is c a l y e ar ended J u n e 30,----- ,
1896.
1897.
O bjects of ta x a tio n :
D istilled s p irits ..............
M an u fac tu re d tobacco .
F e rm e n te d liq u o rs .........
O leom argarine .................
F illed cheese ..................
B an k s a n d b a n k ers
M iscellaneous collections
$80,670,070.77
30.711,629.11
33,784,235.26
1,219,432.46
$S2,008,542.92
30,710,297.42
32,472,162.07
1.034.120.60
18,992.38
85.38
375,383.79
134.85
445,113.21
T o ta ls .............................................. $146,830,615.66
T he re c eip ts fro m all so u rc es of in te rn a l rev e n u e fo r th e
fiscal y e ar ended J u n e 30, 1897, w ere .......................
T h e re c eip ts fro m th e sam e sources fo r th e fiscal y e ar
ended J u n e 30, 1896, w e r e .............................................
$146,619,593.47
T he d ecrease fo r the fiscal y e a r ju s t ended b e in g .. . .
The to ta l c o st of collection fo r th e fiscal y e a r ended
J u n e 30, 1897, w as ............................................................
The to ta l cost of collection fo r th e fiscal y e a r ended
J u n e 30, 1896, w as ............................................................
$3,848,469.49
T he d ecrease in th e cost of collection fo r th e fiscal
y e a r ended J u n e 30, 1897. w a s ......................................
$237,822.98
$441,227,076.68
The expenditures for the same period are estimated as fol
lows:
[VOL. LXV,
*
*
*
*
*
*
*
$146,619,593.47
146.830,615.66
$211,022.19
4,086,292.47
*
T H E CURRENCY.
In their respective annual reports to Congress my prede
cessors,since the close of the Civil War, have called attention
with unfailing regularity to the menace to the public credit
occasioned by the continued use of the large volume of de
mand liabilities, represented by the legal tender notes, and
have constantly appealed for such legislative action as
would remove the dangers pointed out. Although these
warnings and appeals have not as yet met with the respon
sive action that their serious nature justifies, it is not now
the part of wisdom to ignore them. In fact, as time has
gone on, all the reasons upon which these warnings and ap
peals were based have received additional force. The enor
mous depreciation in the commercial value of silver, as com
pared with gold, has greatly increased the financial responsi
bilities of the Government in its demand liabilities, and all
the logical consequences of the fact should he boldly faced.
Under the act of 1878, requiring the purchase and coinage
of silver, supplemented and enlarged by the so-called Sher
man act of 1890, there were outstanding June 30, 1897, the
sum of $410,337,570 in silver dollars or certificates represent
ing them. Under the act of 1890 there were also outstand
ing $114,867,280 in Treasury notes clothed with the quality of
legal tender.
In the act of November 1, 1893, repealing the purchasing
clause of the act of 1890, it was declared to be the policy of
the United States to secure by safeguards of legislation “the
parity in value of the coins of the two metals (gold and
silver) and the equal power of every dollar at all times in
the markets and in the payment of debts.”
Conformable to the spirit of this declaration, the Treasury
Department in all its operations has treated gold and silver
coins, and the paper representatives of each, as of equal dig
nity and value. In the collection of its revenues, whether in
the form of excise taxes or of customs dues, it has made dis
crimination against neither, while, upon the other hand, it
has held itself ready to pay to the public creditor whichever
of the two he might choose to receive as the more desirable
to him. Even further than this, it has declared itself ready,
whenever necessary to the maintenance of this parity, to
exchange on even terms, at the pleasure of the -holder, either
form of the metallic money for the other. These practical
operations and declarations were necessary, and they have
operated to keep in concurrent circulation on terms of equal
ity the two kinds of metallic money, notwithstanding the
varying and never-ceasing disparity between the natural or
commercial value of the one as compared with the other.
Nevertheless, it must be recognized that this undertaking
involves a large financial responsibility, and requires proper
and adequate legislative provisions for its continued execu
tion.
D ecember 11. 1897.J
THE CHRONICLE.
1125
(2 .) I recommend that provision be made for the issue of
The responsibility of the Government in this respect
means that in addition to Its liability for redemption in gold refunding loan bonds, payable after ten years at the pleasure
on demand of $346,000,000 of legal tender notes, it must also of the Government, such bonds to bear interest at the rate
hold itself in readiness to redeem in like manner $114,000,000 of 2 y2 per cent, per annum, payable, principal and interest,
of the Treasury notes of 1890, and to maintain, through its In gold coin; and that the Secretary of the Treasury be au
Treasury, the free interchangeability with gold, for any part thorized to issue such bonds and receive in payment there
or all of $470,000,000 in silver now current with our people. for, with an equitable allowance for the difference in inter
The aggregate total of these liabilities amounts to $930,000,- est, any part or all of the outstanding loans of the United
000. It is not intended to convey the idea that the Government States which mature by their terms of payment in the years
will ever be called upon to pay at any one time or over any 1904, 1907 and 1925.
one period of time, however protracted, the total of liability
The advantage involved in the proposed action lies in this:
thus shown. It is, however, indispensable that the Treasury It removes an ambiguity from our contract obligations—an
be endowed with power and resources ample to meet all ambiguity which affects unfavorably the Government credit.
claimants who may come, and with margin sufficient to give The word "coin,” now used to express the obligation in the
full assurance to all who do not come, that its ability for public debt, is an ambiguous word. It is no doubt
continuance is unimpaired. The statement that the tradi understood by the more discriminating public creditor to
tional $100,000,000 of gold reserve Is insufficient for these mean gold coin, and the solemn act of Congress pledging the
purposes need not be supported by argument. It is manifest. maintenance of silver coin upon a parity with gold coin
The recognized inadequacy of that amount has on more than makes it. impossible to construe the word “coin,” as therein
one occasion brought fear and derangement to all interests used, to mean anything other than gold or its full equiva
—Industrial, commercial, and financial. The losses suffered lent. Yet as this Is a conclusion of logic rather than a clear
by the body politic through these derangements, having statement of fact, the simpler and more humble investors or
their origan in the state of the public Treasury, cannot be would-be investors in the public debt are confused and
named, although it is not beyond the limit of reasonable doubtful, and the public credit is the weaker therefor.
estimate to say that the total of such losses exceeds the total
Nor is the course thus recommended without wise prece
of the demand liabilities of the Treasury as above set forth. dent. The earlier issues of our Government bonds were pay
If it be urged in answer to these considerations that the able in ‘‘dollars.” With greenbacks a legal tender, with gold
state of the Treasury is fairly satisfactory now, that gold is and silver on a substantial commercial parity, but both at a
flowing freely toward the Treasury and not away from it, large premium over paper money, a similar question arose;
and that there is a good state of confidence in our present What did “dollars" mean? And in 1869, “to remove ail
financial condition, the answer must be received as a per doubt upon the subject," an act was passed solemnly pledg
fectly correct one. It might be further urged with probable ing the faith of the United States to the payment in coin
truth that these favorable conditions will endure for—an or its equivalent of all its interest-bearing obligations, ex
indefinite period. With public revenues sufficient for public cept when otherwise expressly provided in the law. The
expenditures, and a reasonable surplus accumulating; with commercial disparity between our “legal tender dollars" and
trade relations normal, with ample crops carrying fair re “coin dollars" was not then essentially greater than the
wards to agriculture, with no war or well-defined rumors of present commercial disparity between silver and gold. This
war, we might go on with a growing sense of security. Un act of 1869 was judicious. To refund our outstanding bonds
fortunately, the continuance of these good conditions cannot now payable in coin into bonds payable in gold would
be assured to us. Commerce and Industry, sensitive to all strengthen and confirm the public credit and put us in a
unfavorable events, and watchful with anxiety against dan position to command the markets of the world for our se
gers as yet unseen, need for their full recovery from past curities on the most advantageous terms.
reverses and depression a renewed confidenc that the Gov
It may be objected that the adoption of a sp „cific form of
ernment’s finances are to be firmly placed on stronger and pavment for the public debt would be inimical to the spirit
more enduring foundations than now exist.
of a qualifying clause in the repealing act of 1893,
As long as the Government shall operate to any important which reads: "And it is hereby declared to be the policy
extent in supplying the currency of the country by the direct of the United States to continue the use of both gold and
Issues of Us notes and by maintaining, through its guaran silver as standard money, and to coin both gold and silver
ties of parity, so large a volume of silver money, so long will into money of equal intrinsic and exchangeable value.” If
all onr trade and industries remain in a state of dependency this objection be raised, it loses ail force when we consider
upon the financial wisdom, foresight and courage of Con the only two methods by which the gold and silver coins
gress. This forced dependency on the one part begets corre now in concurrent use with us can be so continued as to
sponding responsibility on the other.
maintain the “parity in value of the coins of the two metals
Considered from the standpoint of national defence, the and the equal power of every dollar at all times in the mar
argument Is reinforced. We apropriate millions to create ket and in the payment of debts.”
a navy, which, through the genius of invention, may speed- I One of these methods is familiar to us, since it has been in
iiy become obsolete and worthless. We appropriate other dally use in our financial system since 1879. The other
miitiona to provide coast defences against attacks which may method would consist in so advancing the coinage value of
never be made. Such action, timely and wise as it may be. silver by International agreement or otherwise as to lend
is inconsistent with a Treasury condition so extended in a a natural parity between the two so that the present arti
time of peace as to bring panic and alarm to our own people ficial method could be safely abandoned. There is nothing
before the first sound of the enemy's guns. In modern days | in the proposition now under consideration to interfere
a well gupplled war chest with an impregnable credit Is as with the purpose to secure an inauguration of the latter
Important as are warships, shore batteries, or regiments of method. It must, however, be admitted to be a method
men.
which, if adopted, will operate to throw upon the governing
The advantages of a strong position in the national Treas body whatever measure of risk may be involved in the ex
ury. with Us accompanying benefits to all commercial inter periment, and it is manifestly just that there the risk should
ests and great reinforcement of the public credit, can, I be lie rather than upon the helpless and possible non-assenting
lieve, be secured without any unsettling legislation, In a creditor.
manner easy to be comprehended by all, and with small
To accomplish the objects herein suggested without con
cost to the people.
tracting the circulation, some other form of paper money
The recommendations I make must be construed as tenta must be allowed to fill the vacuum which would otherwise be
tive steps in a direction which, if consistently pursued, will j occasioned. The national banknote now familiar to our
ultimately lead to conditions theoretically desirable rather people is the readiest and most practical agent to accomplish
than as being in themselves final measures to that end. that object, and under reasonable conditions it will be found
The condition of the Treasury in its relation to demand ob responsive to the call.
ligations requires that one of two steps be taken. The one
An enlarged issue of banknotes thus contemplated would
may be a large reinforcement of the permanent gold re require a number of amendments to the present, national
serve; the other may be by an Important reduction in the bank act. These amendments should be made only upon
objectionable form of liabilities. The latter is, In my opin such conservative lines as would, while granting the necesary aid to the business world in facilitating exchanges, in no
ion. the more desirable.
wise weaken the system, or lessen the stability of the notes
R EC O M M EN D A TIO N S.
( 1 .) I recommend that proper legislation be enacted which j to be issued. The complaint uttered against the national
will establish, separte and apart from the ordinary opera bank act as it now stands is not directed toward the method
tions o f the Treasury as they relate to revenue and expendi of bank organization or the absolute safety guaranteed to
tures, a department to be designated and known as the Issue the noteholder. It is directed toward those restrictions it
and Redemption Division. To this division the sum of $125,- j embodies, which result in its failure to accomplish the full
000.000 in gold should be set over from the general fund in j benefit it ought to carry. The requirement of the law now
the Treasury, to he used only for redemption purposes, and j makes it impossible to organize a. bank with a capital of less
ail the sliver dollars now held for redemption of silver cer than $50,000, no matter how' small the place in which it is to
tificates. and alt the silver bullion and dollars coined there- j be located, or how restricted the volume of b usiness there to
from, bought under the act, of 1890, should be passed to the j be transacted. Because of that, with the added expense of
same account. Further, that the sum of $200,000,000 in the 1 taxation, both national and local, many communities are de
legal tender notes of the United States known as greenbacks | prived of the aid of banks of issue and burdened with oner
•
be. collected as hereinafter described and deposited in the i ous rates of exchange and interest charges.
In order to obviate to as great an extent as possible those
said Issue an,l Redemption Division, to be disbursed there
from only upon the receipt in exchange therefor of an equiv objections and make the act more- harmonious with proper
alent amount of gold coin, such gold, when so secured, to be j business conditions, I recommend that It be amended In the
held in said division as part of the general redemption fund, I following particulars:
1126
THE CHRONICLE,
•
(1.) Perm it national banks to be organized with a mini
mum capital of $25,000 in any place having a population of
2,000 inhabitants or less.
(2.) Reduce the rate of taxation on circulating notes se
cured by deposit of bonds to one-half of 1 per cent, per an
num.
(3.) Permit banks now organized or hereafter or
ganized to issue circulating notes to the par value of the
refunding bonds hereinbefore suggested, when deposited by
them with the Treasurer of the United States; and, further,
allow such banks as shall avail themselves of the oppor
tunity to deposit as security with the Treasury of the United
States, greenbacks, Treasury notes or silver certificates to a
total amount of $200,000,000, against which there shall at
once be issued to them by the Comptroller of the Currency
national banknotes to an equal amount, it being further pro
vided that from time to time, at his convenience, the Secre
tary of the Treasury shall substitute for the greenbacks,
Treasury notes, and silver certificates so deposited to secure
circulation, bonds of the §ame class and character as the re
funding bonds first named to the amount of $200,000,000,
»uch bonds to be chargeable to said banks and by them ac
counted for at such price (not less than par) as the market
quotations may indicate to be their fair market value. Dur
ing the period of time intervening between the deposit of
greenbacks, Treasury notes, and silver certificates, and the
substitution of the bonds by the Secretary of the Treasury,
the circulating notes specifically issued therefor shall be
exempt from taxation. Upon such substitution of bonds
the funds released thereby shall at once be transferred by
the Secretary of the Treasury to the issue and redemption
division.
(4.) After said banks have deposited such bonds, green
backs, Treasury notes, or silver certificates to the amount of
60 per cent, of their capital they shall be permitted to issue
banknotes in addition to the 50 per cent, thus provided, to
the extent of 25 per cent, of such deposit, which said 25 per
cent, may be unsecured by any direct pledge of security but
Issued against the assets of the bank.
(5.) Extend the guaranty of payment by the Government
to all circulating notes of the bank whether issued against
deposited security or against assets.
(6.) To secure the Government against loss, if any, attach
ing to its guaranty a tax of 2 per cent, per annum on unse
cured circulation shall be levied to create a safety fund,
which fund shall be invested by the Secretary of the Treas
ury and the Comptroller of the Currency in Government
bonds. In addition to such funds the Government shall be
further protected by having a first lien upon all assets in
case of failure of the issuing bank.
(7.) All notes shall be redeemed in the city of New York
at the Sub-Treasury, and at such other sub-treasuries as may
be designated by the Comptroller of the Currency with the
approval of the Secretary of the Treasury. The control of
such redemption shall be under the direction of the Comp
troller of the Currency and made from a redemption fund of
10 per cent., to be provided and maintained by the banks.
(8.) Restrict the issue of national banknotes to the de
nomination of $10 and upward.
An examination of the plan herein proposed will show that
the amendments suggested are not of a distinctly radical
character. It is believed th at banks organized under the
national bank act, with these amendments, would give upon
a thoroughly safe basis a desirable credit currency, leading
ultimately to further freedom of issue as the result of time and
experience. A careful investigation of the commercial con
ditions of the country at different periods of the year shows
how essential to those sections depending upon the prompt
moving of the staple crops of cotton, wheat and corn is a
banknote issue which enables the local bank to supply its
customers with the means necessary for such purpose with
in the shortest period of time and at the lowest cost. In il
lustration of this point, attention is called to the extent to.
which the crop-producing sections of the country are now
dependent as borrowers of money upon other sections.
The national banks located in the Southern States have an
aggregate capital of $68,680,000. On October 6, 1896, they
had borrowed largely from banks in the East, to assist in
handling the cotton crop, $13,548,000. On March 9 following
these loans had been reduced to $2,516,200. They succeeded
In borrowing for a part of their needs, but commercial
necessities required more. W ith proper banking facilities
the necessities for such borrowing now existing would be
reduced to a minimum.
I am confident that under an act allowing a greater liber
ality of issue and less burdensome rates of taxation, those
banks would find it to their interest to issue, instead of
$18,950,000, the amount which they have at present outstand
ing, a sum equal to the full amount of their capital, and, in
addition, in the season of crop activity, an additional unse
cured volume of circulation approximating 25 per cent, of
their capital.
From data gathered from the records of the office of the
Comptroller of the Currency, it is found th at during the ex
istence of the national banking system 330 associations, hav
ing a combined capital of $55,000,000, have been placed in the
hands of receivers. Of the number of those in this list whose
affairs are fully closed, only 18, having a capital of $1,610,A00, would have failed to pay in liquidation an amount suffi
[ V x ,. L Y V .
cient to fully provide for their circulating notes, had such
notes been outstanding to the full limit, as herein contem
plated, at the time of their failures, respectively. The defi
ciency would have required to cover it a contribution from
the guarantee fund of but $194,829. Had the whole number
of 330 failed associations maintained in current use an
amount of note issues equal to 25 per cent, of their capital,
as herein proposed, the 2 per cent, tax on such circulation
would have produced the sum of $2,454,140.48 available to
meet the deficit of $194,824, shown to have resulted from the
failure of the 18 banks which failed to yield from their own
assets the amount th at would have been necessary to pro
vide for all their own outstanding credit currency.
In submitting these recommendations, I am not unmindful
of the convictions, preconceptions, and prejudices so widely
prevalent among the people in much th at relates to our
currency and banking system. It will at once appear to
many th at the proposal herein made to place in conditional
retirement the sum of $200,000,000 in our legal tender (green
back) issues, is a discrimination against a form of paper
money which, under the influence of a worthy sentiment, has
become to. them a symbol of the unity and power of the
nation’s life. A little reflection, however, will lead to a
conclusion quite to the contrary of such an inference. Bear
ing in mind the fundamental truth upon which this argu
ment rests, namely, the necessity for a reduction in the vol
ume of demand liabilities, now constituting a menace to the
public Treasury, it is, economically speaking, a m atter of in
difference- whether this reduction be made in the volume of
silver, silver certificates, Treasury notes, greenbacks, or In
some agreed upon proportions of each; but the historical
fact is that it has been through the greenback, the only un
alloyed credit note of the Government, th at the “endless
chain” has been worked. Once disbursed, these notes find
their way, by a purely natural process, to the banking cen
tres, where in case of an outward movement of gold, or be
cause of any internal movement of distrust, they have been
a ready agency to deplete the gold reserve in the pub
lic Treasury. The proposition to retire a large portion of
these notes into an issue and redemption division, there to
be held until the public is willing to offer for them in fair
exchange an equal sum in gold, is a proposition to dignify
them with the honor of actual gold equivalency, when they
are passed out, as they have hitherto been honored with ac
tual gold equivalency when pushed in upon the Treasury for
redemption. The proposition is therefore quite different
from a proposition to retire and destroy them. On the other
hand, the proposal to thus preserve and honor them will ex
cite objections from another class, who will allege that the
notes now in question should be retired and utterly de
stroyed. They will aver that so large a sum, no m atter how
held, will prove an irresistible temptation, to which Con
gress will yield, when in some exigency extraordinary and
pressing needs for public expenditure shall rest upon the
Treasury, and th at the restrictions now proposed, if adopted,
will then be disregarded.
In considering this objection, it must be remembered th at if
it were granted full force and yielded to as a determinative
objection, there is nothing whatever to prevent the law
making power from issuing at any time and in any amount
the legal-tender notes of the United States to circulate as
money. Such is the final opinion of the Supreme Court,
from which there is no appeal. Neither must it be forgotten
by such objectors th at use and custom gradually acquire a
restrictive power but little less binding than statutory en
actment or constitutional prohibition.
The so-called Treasury reserve of $100,000,000 of gold has
no w arrant in specific legislation, although its propriety has
been indirectly recognized by Congress, and yet there is a
supreme confidence th at no impairment in th at provision
will ever be authorized or sanctioned by Congressional ac
tion. The only real difference, then, between holding these
Government notes in a separate department and their de
struction is a difference which could at any time be covered
by legislative action.
The important nature of the subject under discussion
tempts to a fuller treatment. I must, however, be content
with referring once more to th at feature of this series of
recommendations which touches the question of note issues
by national banks. I am moved to press the recommenda
tion as submitted, in view of the following considerations:
Paper money is the product of an industrial, commercial
and financial evolution. Its economizing effect in the use of
metallic money precludes the idea of its abandonment until
society shall relapse into anarchy.
Credit is the base upon which it rests. Paper money
is the evidence th at a thing of value has passed into the
possession of the issuer, and that the holder of that paper is
willing to await payment. When payment is made, the evi
dence of the transaction should be withdrawn, to appear
again only when a similar transaction occurs.
The bank is an agency, the result also of a pure evolution
ary movement, whose function it is to issue its various forms
of credit instruments, of which paper money is one, against
the pledges and promises to it of the less publicly known
members of the industrial community. It thus becomes an
intermediary in much the larger part of all trade and indus
try.
Whatever operates to render the bank a safe, efficient and
D ecember 11 1 8 9 I
THE
CH RON ICLE
available agency to th e people operates to the general pros
perity.
The requirement that the bank shall invest its capital in
public securities as a precedent to the issue of its credit in
struments—paper money—is a requirement which operates
by so much to reduce its efficiency to commerce and indus
try. It cannot use its capital in two directions at the same
time. Only a necessity to control the bank’s capital for the
public use or an indispensable need for security in such a
form to the note holder can justify this requirement.
The exigencies of the Government's finances in 1863 induced
Congress to require from all note-issuing banks a prelimi
nary investment of their capital in the Government’s bonds.
The many disastrous losses incurred by the people from the
note-issues of Irresponsible banks previously authorized to
do business by Ill-considered provisions of many separate
States seemed to justify the National Government in requir
ing from banks of issue a pledge of the bonds in trust for the
security of their note-holders.
W ithout further extension of the historical statement, it
Is recognizable that the exigencies of the Government do not
now require the absorption of banking capital in aid of its
own finances. In fact, with Treasury conditions once nor
mally established as to revenue and expenditure, the funded
debt will, within a few years, be entirely liquidated.
The importance of banking in its relation to industry and
commerce demands for it, in view of the considerations thus
enumerated, careful and timely attention.
The question is complicated by the fact that for a whole
generation our people have been schooled in a system of
banknote issues secured by pledges in the hands of a public
trustee. It is not a good system, but it ought not to be
yielded until in some other form adequate guarantees for the
lolvencv of banknote Issues are provided.
The problem is a twofold one: How to withdraw the speci
fic form of security now provided, since It will ultimately
disappear; how to provide a substitution which will be
recognized by the people as adequate security, and which
will at the same time allow to banks within well-guarded
limits the moat useful freedom In their note issues. The
problem is too large, its results too far-reaching to be solved
offhand or by expert dictum. Its solution must be gradually
reached by the path of safe experiment. To allow national
bankB to issue circulating notes equal to 25 per cent, of their
capital upon a payment of 2 per cent, per annum as an in
surance or safety fund upon amounts so issued, is, if
the demonstration drawn from the Comptroller’s office can
be trusted, a proposition well within the limits of safety.
Nevertheless, whatever risk there is should be assumed by
the Government, obnoxious as it may be to the general
principles of governmental action. It is by such action that
the situation as it exists has been evolved. Upon the Gov
ernment, therefore, rests the duty of seeing it properly
solved.
Some years of experience along the line suggested will
prove what is an adequate provisional tax for the security
of note-holders, and will allow such amendments as time
will Justify, involving as one of its features a complete
withdrawal of the Government’s guarantee from banknote
issues.
L. J, GAGE, Secretary.
To the Bpr •he*' o f the House o f R*presentatrtx*.
Twin City Rapid T ran sit.—Minneapolis Street By. Co.
Bonds Culled.—Twenty bonds of 188a. viz.: Nos. 14, 22, 44,
52, 60. 147. 159, 2' 5, 214, 228, 234 , 340, 248, 253, 368, 275, 363.
385, 396, 398, have been drawn for the sinking fund and will
be redeemed at 105 and so-rued interest, upon presentation
at the Farm ers'Loan & Trust Co , interest ceasing May 1,
1899,—V. 64, p. 704.
Union Elevated ItR. of Chicago.-Official Description o f
Properly and Securities.—The official statement to the New
York Stock Exchange supplies the following information:
B o n d s a n d S to rk -T ilt’ to ta l a u th o riz e d i* a a e o f b o u d s is $ 5 ,0 0 0 ,0 0 0
of w h ic h $ 1 ,0 7 5 ,0 0 0 a r e h e ld in t r u s t b y th e Illin o is T r u s t < S a v in g s
fc
B a n k (tr u s te e u n d e r th e m o rtg a g e ) fo r b e tte r m e n ts , e x te n s io n s a n I
o ilie r n e c e s s a r y e x p e n d itu re * . T h e c o m p a n y h a s no flo a tin g in d e b t
e d n e s s F o r i-ot!*!nK-Ung th e ro a d , in c lu d in g p o w e r h o u se, e.te , the
L o o p C o n s tru c tio n Co. w a s e n title d to re c e iv e th e b o n d s a n d $5 ,0 0 0,O o o ln east) o r c a p ita l s 'o e k . a t th e o p tio n o f th e e le v a te d c o m p a n y .
P roperly —T h e c o m p a n y ’s p r o p e r ty , w h ic h i» m o rtg a g e d to s e c u re
tlie b o n d s, c o n sis t* o f a s te e l c o n s tr u c te d tw o -tra e lt e le v a te d r a ilr o a d
havlnsz 2 0 ,9 0 6 fe e t o f s in g le tr a c k la id w ith s te e l ra ils w e ig h in g e ig h ty
p o u n d s to th e y a r d , w ith tro lle y r a il o f s a m e i - n g t h w e ig h in g fo rty e ig h t p o u n d s t o th e y a r d . T h e ro a d fo rm s a lo o p , p a s s in g th ro u g h
W a b a s h a n d F ifth a v e n u e s , a n d e n c lo s in g w ith in Its l im it th e b u sin e ss
c e n tre o f th e c ity o f C h ic ag o th e re b y , a rid w ith its s p u rs c o n n e c tin g
tite s e v e ra l e le-rated r a ilr o a d s o f th e c ity . T im ro a d is o p e ra te d b y
e le e tr tc liy , a n d is fu lly e q u ip p e d w ith m o d e rn a p p lia n c e s fo r c o n tin
u o u s a n d e co n o m ica l o p e ra tio n T h e m o rtg a g e a lso c o v e rs th e vice
trie a l p o w e rh o u s e non ta in in g 7 ,5 0 0 h o rs e -p o w e r e n g in e s a t V a n B it
te n s t r e e t , a t it* ju n c tio n w -th th e s o u th b r a n c h o f th e C h ic ag o R iv e r.
T h is p o w e r h o u se , w h ic h w ill b e r e a d y fo r o p e ra tio n D ec. 15, is o n a
lo t held u n d e r a n in e ty -n in e y e a r l e s s e a t a r e n ta l o f $ 6 ,0 0 0 a y e a r
n m . r rs —T h e ro a d t* c o n tro lle d b y a b o a r d o f m a n e e r s . c o n s is tin g
o f t h e p r e s id e n ts o f sa id s e v e ra l le sse e c o m p a n ie s , e x c e p t t h a t th e
J f o r tii w r s tr r n E le v a te d R R wiU n o t he re p re s e n t© ! o n th e h o a rd
u n t i l its ro a d g o e s in to o p e ra tio n , a n d tite R e c e iv e r o f th e M e tro p o l
ita n W e s t Side E le v a te d R il. a c t . a s o n e o f th e b o a rd , so lo n g a s s a id
la s t-n a m e d c o m p a n y is in th e h a n d s o f a re c e iv e r.
lease. -O n O ct 1, l* $ »7.th* c o m p a n y le a se d its e le v a te d r a ilr o a d ,
p o w e r h o u se a n d a p p u r te n a n c e s to th e L ak e S tr e e t E le v a te d R R .,
N o rth w e s te r n E le v a te d R R ., B o o th S id e E le v a te d R R ., M e tro p o li
ta n W e s t S id e E le v a te d R R a n d D ic k in so n M -c A ilis te r. re c e iv e r
o f th e M e tro p o lita n W est Side E le v a te d R a ilro a d C o m p a n y , fo r so lo n g
* p e rio d a s s a id ra ilro a d s h a ll b e p e r m itte d u n d e r a n y o rd in a n c e t o tic
m a in ta in e d n p o n th e s a id ro u te . U n d e r th e le a s e th e r e n ta l to th e
l I2T
lessor com pany is one-half a c e n t 1or eaoh p a y in g p assen g er carried'
over a n y p o rtio n of th e resp ec tiv e lines. The lessees f u rth e r agree
th a t th e re n ta l shall be suiB cieat to pay th e e n tire cost for the m ain
tenance an d o p eratio n of the said U nion E le v ated RR ., in cluding in
surance, taxes, assessm ents, g ro u n d re n ts , eto., also $250,000 p r an-,
uum fo r p aym ent of in te re s t on bonds of said Union E le v ated RR
Com pany an d $2,500 per annum fo rm a in te u a n o o of said eorporaion. s'
Claim s fo r p erso n a l in ju rie s m u st he borne In- th e lessees an d dam age
to srtrattin g p ro p erty an d com pensation to th e eity by th e lessor.
B alance Sheet.—The balance sh e et of O ctober, 1897, is as follows:
Road an d equipm ent,
C ap ital stock ........... $5,000,000
p o w erh o u se, e tc .. . $3,925,000 F irs t m o rtg a g e ....... .
5,000,000
Bonds in escrow ......... 1,075.000
F ran ch ises a n d leaEe.. 5.000,000
T otal a s s e ts ...........$10,000,000
T otal lia b ilitie s__ $10,000,000
The road was opened Oct. 10, 1897.-— * 65, p. 1025.
V.
Union Pacific Denver & Gulf.—Plan Progressing.—The
Reorganization Committee had a meeting yesterday, after
which it was said that progress was being made in the m at
ter of formulating a plan of reorganization. The postpone
ment of the sale of the Kansas Pacific may delay matters.—
V 65, p. 870.
Union Pacific RR.—Sale o f Kansas Pacific Division to be
Postponed.—Gbvtrnment to Sid.—The United States Senate
on Thursday, Dec. 9, adopted a resolution asking the Presi
dent to apply to the Court for a postponement of tlie sale of
:he Kansas Pacific, la view of this action it is expected the
sale will he postponed from Dec. 16, when It is advertised totake place, until about Feb. 15, 1898,
in bis annual message to Congress, which is published on
subsequent pages of to-day's C h r o n i c l e , President McKinley
- ailed attention to the fact that if Kansas Pacific is not- sold
lor more than the upset price fixed by the Court, the sale
would not yield to the Government more than $2,500,0'.0 on its
claim of nearly 813,0 0,009. He therefore announced that
he would direct the Secretary of the Treasury to make the
necessary deposit of $11 0,000 to qualify the Government for
making a bid at the sale, this bid to be at least equal to the
principal of the debt. viz.. §6,3' 3 000. On Dec. 7 the Secreiarv of the Trc usury made the required deposit of $900,000.
Bill >o En ibte Government to Bid in the Bond Aided Road.
—At Washington, Dec. 8, Senator Gear introduced a bill
authorizing the Secretary of the Treasury to hid for the bondlided railroads and to clear off liens paramount to those of
ihe United States, and appropriating the amount necessary
for this purpose. The bill provides as follows •
T he Secretary of th e T reasu ry shall, antler direction of th e P re sid e n t,
re d e e m e r o th erw ise cle a r oil such p aram o u n t lion o r m o rtg a steo r
oilier Incum brance by pay in g the sum s law fully due in re sp e c t th ereo f
o ut of the T re a s u r y ; or m ay bid and purch ase iu the nam e a n d fo r th e
U nited S tate* t e p ro p erty infected by an d su b je ct to such p a ram o u n t
lien a t a n y sale th ereo f m ade uuili r an y o rd er of tho C ourt o r a n y
decree of foreclosure of such lien o r In te re st of th e U nited States.
The bill is understood to have been framed by the AttorneyGeneral, and it i- intended to open the way to settlement of
the Kansas Pacific debt.—Y. 65, p. 1072.
W alker Company—Correction.—Mr. August Belmont ex
plains that it is not'he, but his brother, who is a director in
the Walker Company. August Belmont is one of the direct
ors of the Westinghonse Electric & Manufacturing Co.,
and the statement that he was interested in the Walker
Company was thought by some to mean that the two com
panies might he brought under one management.—V. 65, p.
1026.
W atertown (N. V.) & Brownville Street Ry.—Sold.—
The Watertown Street Ry. and the Watertown & Brown
ville Street Ry. were sold under foreclosure Nov. 27 and
purchased hv ,J. A. Lebknecker of Newark, In. J., the former
for $18,0C0,-the latter for 810,000.—Y. 65, p. 932.
Western Union Telegraph.—'Q u a rterly —The estimated
revenue for the quarter and the six months ending Dec. 31,
1897. compares with actual results in 1996 as follows (sinking
fund charges of $20,000 a quarter are not here dedusted);
3 m o n th s
W
ei
I n te r e s t
D iv id e n d s
B a la n c e ,
e n d in g Dee, S I —
re v e n u e .
ch a rg es,
p a id .
s u r p lu s .
X397 (estimated)....... $1,600,000 $224,500 $1,216,975 $158,525
1896 (actual)............. 1,545,454
223,358 1,191,961 130,135
6 m o n th s —
1-97 festimated)....... $3,303,851
$148,918 $2,433,947 $420,986
. 1896 (actual).............. 3,132,937 -448,717 2,383,922 302,348
Total surplus D c. 31, 1897 (estimated), $8,058,526, against
actual surplus in 18 JG of $7,9 6,041. The regular 1% per cent
dividend is payable January 1", 1898.—Y. 65, p. 727.
Westinghonse Electric &M anufacturing .—Barge Foreign
Contracts ,—The company, it is announced, has received from
the municipality of Glasgow the contract for equipping th©
city’s tramways with electric appliances. The Westinghonse
company, i is stated, received a contract for a street light
ing plant for Malaga, Spain.—V. 64, p, 1228,
W ilmington & Weldon RR.—W ilmington & Newbern
R R —Consolidation.—1 he railroad extending from W il
T
mington to Newbern, 88 miles, formerly known as the Wil
mington Newbern & Norfolk RR., was sold in foreclosure,
proceedings'll) July last and purchased by a new company
under the name of the Wilmington & Newbern RR. Co,
This latter company the Wilmington & Weldon stockhold
ers on Nov. 17. voted to absorb by consolidation.—V. 64, p.
844; V. 65, p. 113,
Zanesville (0,1 Railway & Electric.—Receiver.— William.
Christie was made receiver of the company on Dec. 8 There
are outstanding $175,000 first mortgage 6s an 1 a floating
debt said to amount to 875,000. an i prtsumably secured in
part by pledge of consol 5s of 1890.
THE CHRONICLE.
1 2
1 8
■glte (fttfmmjercml
[V o l . L A V ,
C
%xvxzs.
O
T T O
N
.
December 10, 1897.
as indicated by our telegrams
COMMERCIAL EPITOME.
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 3fi7,i 98 bales,
F r i d a y N i g h t , December 10, 1S97.
against 40o,b35 bales last week and 396,0 .3 bales the previous
The feature of the week has been the opening of the Fifty- week, making the total receipts since the 1st of Sept., 1897,
fifth Congress in regular session and the receipt of the Presi 4,509,784 bales, against 4,099,341 bales for the same period of
dent's Message. As anticipated, the message was of a de 1896, showing an increase since Sept. 1,1897, of 410,423 bales.
M on.
Tues.
cidedly conservative character, and was received with general R e c e ip ts a t— S a t.
Wed. Churn.
bn.
lo c a l.
favor. The report of the Secretary of the Treasury received G a lv e s to n .......... 1 3 ,213 1 6 ,3 6 9 9,1 0 3 12,969 1 4 ,233 7,8 1 7 7 4 ,2 0 4
considerable attention, particularly in its reference to cur
..........
..........
...... 6 ,U r t 6 ,4 1 6
T e x . C ity , <fce. ..........
rency reform, inasmuc i as it had the endorsement of the N ew O rle a n s ... I8 ,n 8 1 15,534 2 3 ,9 9 5 15.564 1 « ,675 2 3 ,2 6 0 1 1 3 ,6 0 9
981 2 0 ,6 0 7
Executive. Business in general has been fairly satisfactory M o b ile ................ 3,979 4,227 6 ,2 8 7 2 ,6 4 6 2,487
___ . . . . .
9 ,8 1 8
F lo r id a ...............
......
......
9 ,8 1 8
for the season of the year, merchants as a rule experiencing S a v a n n a h .......... 7,038 6,847 1 2 ,874 7 ,1 7 6 5,3 4 5 7 ,9 0 3 4 7 ,2 3 3
an average trade. A “ squeeze” in December contracts in
_... . . . . . . . . . . . . . . . . . . 5 ,- 9 4 5 ,3 9 4
B ru n s w ’k,&c.
the wheat market at the West h is been the subject of much C h a r le s to n ....... 2,634 1 ,9 7 6 2 ,0 3 5 1,811- 2,214 2,5 1 9 1 3 .1 9 6
..........
9 ,0 9 4
9 ,0 9 4
P t. R o y al,& c.
......
comment, and has had a tendency to strengthen the general
market. Negotiations are under way for the consolidalion W ilm in g to n ___ 3.838 3,6 1 1 2 ,7 0 5 2,055 3,0 0 6 2,749 1 7 ,9 6 3
...... . . . . . . . . . . . .
46
46
W a s h ’to n , &c.
......
of the wire rod interests of the country.
N o r f o lk .............. 4 ,5 6 3 3 ,9 4 7 4 ,3 9 6 4 ,4 9 0 4 ,0 4 4 4,7 4 0 2 6 ,1 8 0
Lard on the spot has had only a limited sale in the locaj N’p ’t N e w s , Ac. ...... . . . . . . . . . . .
1,2 3 2
..._ ......
1,2 3 2
4 ,2 8 7
1,260
1,867
market, and business in the Western market has also been N ew Y o r k ........ 1 ,1 6 0
1,213 2,884 1 1 .2 2 6
9 09 2,110 2,1 5 2
quiet; prices, however, have advanced in sympathy with the B o s to n ............... 1,9 5 8
...... ...... ..... 3 ,1 9 - 3,1 9 8
rise in grain values, and the close was steady at 4 ’60c. for B a l tim o r e ......... . . . . . . . . . . . .
3,3 9 5
P b ila d e l’a , &o„
603
511
264
3 1 7 1,1 3 6
564
prime Western, 4 30 a4'35c. fo- prime City and 4'85c for re
T o t. th is w eek 5 7 ,5 2 5 54 .4 S 4 6 5 ,6 1 6 5 0 ,7 3 3 4 9 ,5 3 4 8 9 .186 3 3 7 ,0 9 8
fined for the Continent. The local market for lard futures
The following shows the week's total receipts, the total since
has been neglected. At the West shorts have bought to
Sept. 1,1897, and the stock to-night, compared with last year.
cover contracts and p ices have advanced, closing steady.
F r id a y N io h t ,
T h e Movem ent o p t h e Cr o p,
18 9 7 .
D A IL Y CLOSING P R IC E S O F L A R D F U T U R E S .
D e c .......................................c.
S a t.
4-45
M on.
4 -45
Tues.
4 -5 2
W ed.
4 -50
Thun.
4 -50
F ri
4 '5 5
R e c e ip ts to
Dec. 10.
T h is
w eek.
Stock.
1896.
S in c e Sep.
1, 1897.
T h is
w eek.
S in c e Sep.
1, 1896.
1896.
18 9 7 .
Pork has been quiet hut steady, closing at $8 25@9 00 for G a lv e s to n ... 7 4 ,204 1 ,1 7 9 ,0 1 9 5 8 ,4 3 1 8 8 2 ,6 8 2 2 4 4 ,4 1 0 1 8 7 ,9 3 4
mess, $11 50@12 00 for family and $10@12 for short clear.
7 ,9 5 0
6 .4 1 6
4 ,1 4 ^
3 4 .5 2 3
5 8 ,4 1 5
T e x . C.,<fcc.
Cut meats have had only a limited sale and prices have weak N ew O rle a n s 113,609 1 ,1 5 8 ,7 3 0 8 9 ,6 0 5 1 ,2 2 1 ,7 5 2 3 6 4 ,9 0 9 4 3 8 ,7 0 8
4 9 ,0 2 6
4 4 ,7 4 0
ened slightly, closing at 6 @6 Mc. for pickled bellies, 12 @ 10 M o b ile .......... 2 0 ,6 0 7 1 7 5 ,2 6 1 1 7 ,5 7 0 1 6 0 ,0 4 8
9,8 1 8
5 1 ,4 8 9
7,1 7 2
33,6 iO
lbs. average. 5J^c. for pickled shoulders and 6 > ® 7 c. for
4
14 2 ,5 4 2 1 1 6 ,6 6 0
8 a v a n n a h . .. 4 7 ,2 3 3 7 0 9 ,4 3 2 28 921 5 2 2 ,2 1 8
pickled hams. Beef has been quiet and unchanged at $8 @ B r ’w ick, <fec. 5 ,3 9 4 1 1 4 ,2 9 8 10,431
15,477
1 9 ,0 6 8
9 7 ,1 1 7
8 5 0 for mess, $9@9 50 for packet, $10011 50 for family and C h a r le s to n .. 13,1 6 3 0 9 ,0 9 5 1 1 ,976 2 72,391
6 9 ,5 5 8
4 4 ,1 0 0
fl5@17 for extra India mess. Beef hams have been steady
9 094
4 4 ,- 8 0
32,101
at $92 50. Tallow has advanced and the close was firm W ilm in g to n . 1 7 ,963 2 3 7 ,3 0 4 7,4 8 7 1 84,447
2 2 ,7 9 0
3 1 ,2 9 2
at 3:!gO (ll-o stearine has been firm and higher, closing at
.
4-6
54 5
4 9-16@4%c. Lird stearine has bee a firmer, closing at 5%c, for N o r f o lk ........ 2 6 .1 8 0 3 4 3 ,5 4 8 2 6 ,6 4 3 4 7 4 ,3 4 4
5 2 ,1 8 6
7 3 ,8 3 2
prime City. Cotton seed oil has been moderately active and N’p o r t N .,&c 1 ,2 3 2
1 ,9 7 0
1,6 4 5
9,191
9 ,3 9 0
792
steady, c'osing at 22c. for prime yellow. Butter has been N ew Y o r k ... 4 ,2 8 7
2 4 7 ,1 7 7
93,471
2,148
1 9 ,2 6 6
2 6 ,481
qniet but steady at 15@24c. for creamery. Cheese has been B o s to n .......... 1 1 ,226
3 5 ,0 0 0
3 3 ,0 0 0
6 9 ,5 3 4
7 8 ,8 4 9
7,5 3 9
fairly a live at unchanged prices, closing at 7 @9 }^c. for
2 0 ,9 7 6
2 3 ,1 6 2
1 8 ,756
3 ,1 9 8
2 2 ,5 0 3
2 ,9 7 3
State factory, full cream. Fresh eggs have been firm for B a l tim o r e . .
7,9 5 1
9 ,4 5 1
P liila d e l. &c.
3,3 9 5
3 1 ,8 6 9
1 6 ,96«
2 ,5 9 5
choice, closing at 23%@24e. for Western.
Brazil grades of coffee have had a fairly active sale and
4 ,5 0 9 ,7 “4 2 7 8 ,4 6 8 4.099,311 1,1 ’ 9 ,6 5 5 1 ,2 7 4 ,9 5 4
T o t a ls ........ 3 6 7 ,0 9 8
prices have advanced, closing steady at 6 %c. for Rio No. 7
In order th a t comparison may be made w ith other years,
on the spot. Mild grades have bad a fair sale, and the close
was firmer at 8 k,'®Si^c. for fair Cucuta. East India growths we give below the totals at leading ports for six seasons.
have been qniet but steady, closing at 24@24j^c- for standard R eceip ts a t— 1897.
1892.
1894.
1S93.
18 9 5 .
1896.
Java, The speculation in the market for contracts has been
moderately active, and prices have advanced in response to G a lv e s ’n ,& c. 8 0 ,6 2 0 6 2 .579 4 9 ,584 9 4 ,8 0 ? 6 5 ,4 4 3 4 8 ,9 3 2
firmer foreign advices, closing steady. Following are final N ew O rle a n s 1 13,609 8 9 ,605 8 9 ,910 9 5 .6 1 7 8 4 ,323 8 6 ,1 2 9
2 0 ,6 0 7
8.6 4 2
1 4 ,6 8 3
9 ,2 3 9
M o b ile ...........
1 7 ,5 7 0
1 0 .7 9 6
asking prices:
D e e ...................... . 5 !)0o. | M a r c h ................ 6 0 5 o .
J e n ........................ 5 9,io. A p r il................... e-05o.
........................ 6 OOe. ! M a r ..................... 6-15e.
■Tune.................. 6 1 5<
•Tuiy.-t...................6-20(
8 e p t ..................... 6-30(
Raw sngars have been fair’y active and higher, closin;
firm at 3 15 6 c. bid for centrifugals, 96 deg. test, and 3%c
bid for muscovado, 89-deg. test. Refined sugar has bad
fairly large sale and prices on some grades have been ad
vanced 1 16c., closing at 5@5 1-I6c. for granulated. Me
lasses has beeu quiet. Teas have been steady.
Kentucky tobacco has been firm but quiet. Sales 120 hhds
Seed leaf tobacco has been in active demand and firm. Sale
for the week were 4.565 cases as follow s: 2,(00 cises 189
crop. Wisconsin Havana, on private terms; 2 (0 cases 189
crop, Wisconsin Havana, 9 ^ 0 10c.; 1.00' cases 1895 cror
Zimmers, 15(317c.; 150 cases 1896 crop, Zimmers, 5 @ 0 c.; 50
cases 1894 5 crops, Pennsylvania seed leaf, l@ l 2 e.; 200 case
1896 crop, New England Havana, 16@80e.; 75 cases 189
crop. New England seed leaf, 22@28c.; 40 cases >896 cror
flats, 1 2 !£(aJ5c ; 1 ' 0 cases 1894 crop, Gebhardts, '2c and 20
caset snmlries. 5l£@15c.; also 550 bales Havana at 70c.@$1 1
m hotid and 165 bales Snmatra at 85c.@$l 65 in bond.
straits tin has had a moderately active sale and prices hav
held to a steady basis, closing at 13-70@13 80c. Large sale
of ingot, copper for forward deliveries have been made an
the market closed firm at I l@ 1 1 %c. for Lake. Lead has b e
quiet and easy, closing at 3'70@3-72^c. for domestic. Spelte
h .s been easier, closing at 3'90@4t0c. for domestic Pi
iron has bern qniet but steady at $10(3$12 25 for domestic.
Keflued petroleum has been steady, closing at 5-40c. i
V- 8; ’ 'r °C, m ’". r a,nd 5'9(1c- in casep; naphtha quiet s
w ° ' 1 < ru< e oort'ficates have been quiet; credit balance
onlet ne? "“Changed at 65c. Spirits turpentine has bee
quiet hut steady at 3z^(833j£c. Rosins have been dull an
W o o f e r , at
4 la,1 , 5 ,for, C0,Ilni011 and good strainei
4
^ m t d ^ K y 6.* bat 8t6ady- H° PS have been in
S a v a n n ah ...
O h a s’to n , &c.
W ilm ’to n , &c
N o rfo lk .........
N. N e w s, <fcc.
A ll o t h e r s . . .
4 7 ,2 3 3
2 2 .2 9 0
1 8 ,0 0 9
2 6 ,1 8 0
1,2 3 2
3 7 ,3 1 8
28,921
11,976
7 ,5 2 4
2 6 ,6 4 3
79 2
3 2 ,8 5 8
2 8 ,2 9 4
1 2 ,9 7 2
6,576
1 5 ,2 3 9
8 ,4 8 1 4 ,354
32,114
2 7 ,777
13,222
2 1 ,411
1 9 ,31*
4 2 0 *6
T o t. th i s w k .
3 67,098
2 7 8 ,4 6 8
23 4 ,0 5 9
363,13*
2 1 ,0 1 4
7 ,4 4 3
6 ,0 5 9
6 ,4 8 3
7 ,1 3 6
1 8 ,9 6 4
4 1 .3 5 4
1 7 .4 6 3
1 1 ,550
2 4 ,2 6 8
2 4 ,1 2 4
17,184
3 0 0 ,3 9
2 1 1 ,3 9 9
S in c e S e p t. 1 4 5 0 9 ,7 6 4 4099,341 2 9 2 1 ,6 1 0 4 4 -3 ,6 0 3 3 * 0 5 ,1 4 5 3 2 0 8 ,8 8 5
The exports for the week ending this evening reach a total
of 27i,i 75 bales, of which 124,920 were to Great Britain, 34,268
to France and 114,887 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.
W eek E n d in g J > c . 1 0 ,1 8 9 7 .
E x p o rted to—
fr o m —
G a l v e s t o n ____ 20,399 23,401
5,889 55 0 9
T e x . C ity . & c..
418
418
N ew O r l e a n s . . 35.078
9,364 ?8,918 83,300
M o b ile ..............
,1 (0
P e n s a c o l a ___
3,467
9,507
S a v a n n a h .........
9,792
15,400 25,192
B ru n s w ic k ...
C h a r le s to n _
_
3,348
14,588 17.936
9.039
P o r t R o y a l....
9,039
W il m in g t o n .. .
9,348
13,149 22.497
7,141
300
N ’p o r t N ., Sec..
800
5.355
703
N ew Y o r k -----8,710 14,708
B o s to n ............ 12,708
139 12.847
B a l ti m o r e ___
2,145
800
7,410 10,361
P h ila d e lp h ia ..
800
800
S a n F r a n ., &o
2,160 •2,100
6
2,000
T o t a l ............
T o t a l , 183*
From Sept. 1. 1897, to D^c. 1 0 ,1 8 9 7 .
E x p o rted to—
Great
C onti lo ta l
Great Franc* C o n ti
France
>
B r it’n .
n e n t. W eek. B r ita in .
n e n t.
124,920
.. 139.590
Total.
4k 8,082 172,1 56
170,080
770,824
343,163 86,485
44,5?S
31,825
47,559 2 8 / 59
52,173
07,640
32,403
99,58°
85,759
3,499
103,318 19.07S
94,282
84,070
1,9 8
5 ,8 '5
40
231.510
14,847
17,5 8
290,842
30,151
12 ,424
,0i 0
96,003
761,164
59,385
49,373
373,300
82,324
196,064
40,463
195,589
41,760
3,599
196,489
95,041
73,088
7,005
23,052
6,211
8
6,001
100
73,492
1,359
37> 24
1.15(
23,006
0,211
84,268 114,887 274,075 1,423,864 4''9 ,7 0 7 1,141,700 2,975,391
30,606
50,019 226,281 1,404,464 341,453
362,431 2,668,348
THE CHRONICLE.
D ecembsb 11, 1897.
1129
la addition to above exports, our telegrams to-night also
T h e S a l e s a n d P r i c e s o f F u t u r e s a t New York, a r
give us the following amounts of cotton on shipboard, n o t shown in the following comprehensive table,
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
&
<2
S
t
Lambert & Barrows, Produce Exchange Building.
m
i
m
m
«■ .®£ « * «®- O Q ® P ®Q ®O. j-. < ®g » at o ®2 * ft« 0 ®l ®3 i• » m l Sf®GiS. O5 ®l K®a & 3
©
« ! B
CQ>
D
lO >
—
B
OS SHIPBOARD, SOT CLEARED FO B C os ’
Pa-* b » w - •„ P ®®S
o
P*a ' ?g
?
L
H
B
lI
Dec. 1 0 a t
N ew O r le a n s ...
G a lr e e t o n ..........
S a v a n n a h ..........
C h a r le s to n ........
M obile ..............
N o rfo lk ...............
N ew Y o r k ......
O th e r p o r t s ___
G reat
O ther
l,
3 7 ,2 1 1 2 2 ,8 6 7
4 5 ,1 8 7 1 1 .4 3 0
N o n e . N o n e.
N o n e.
None..
11,000 N o n e,
12,000 N o n e.
700
2,000
2 9 ,0 0 0
N o n e.
■13,551
29,5 3 9
20,000
1 3 ,6 0 0
*,000
1 5 .0 0 0
500
2 6 .0 0 0
Coast-
T o ta l.
L e a v in g
sto ck .
* 3 * 1 0 1 ,1 1 3
1 2 ,4 7 7
0 7 ,9 8 2
1,000 ' 21,000
1 4 ,4 0 0
800
1 5 .0 0 0
N one.
3 7 .0 0 0
10.000
3 ,2 0 0
N o n e.
5 4 .0 0 0
N one.
2 6 0 ,7 9 6
1 4 6 ,4 2 8
1 2 1 ,5 4 2
2 9 ,7 0 0
2 9 ,7 4 0
3 6 ,8 6 2
9 0 ,2 7 1
5 7 ,6 2 1
T o ta l 1 8 9 7 ... 1 3 5 ,6 9 8
3 1 ,9 9 7 1 5 1 ,2 3 9 24,7 6 1
3 1 6 ,6 9 3
7 7 2 ,9 6 0
T o ta l 1 8 9 6 ... 1 4 1 ,2 7 3
8 5 ,1 2 7
T o ta l 1 8 9 5 ...
2 3 ,2 5 6 1 5 2 ,5 8 3 11 ,6 0 5
2 2 ,7 4 0 68,0 4 1 1 3 ,3 9 9
3 2 8 ,7 1 7
1 8 9 ,3 0 7
9 4 6 ,2 3 7
812,3-17
Speculation in cotton for future delivery has continue 1 on a
very moderate scale and prices lor the week show compara
tively little change, as neither buyers nor sellers have been
aggressive. A feature that gave some ton? to the m arket
early in the week was a falling off in the crop movement,
although advices received from the South, both by mail and
wire, stated that the movement of the crop was retarded only
through the inability to obtain sufficient rolling stock to
carry it. The advices from Manchester reporting a settle
ment of the labor sit cat ion had a favorable influence. Subse
quently, however, it was offset by the advices from Fall
River ref ortiag the ontlook for the labor situation as unfavor
able, Advices from the South have reported little new busi
ness doing, as neither exporters nor home spinners have been
boy ing, and despite the fact that fair deliveries were being
made on contracts, supplies have accumulated in sellers
hands and there has been selling by some dealers against
low offers from the South. Thursday there was a quiet and
easier market, prices declining 4 to 6 points under liquidation
by local longs, prompted by disappointing foreign advices
and the reports on the labor situation at Fail River. To-day
there was an unsettled market. Early in the day there
was a decline under liquidation by local longs: then came an
ad vance based on the crop movement for the week being be
low expectations. Toward the close, however, there was
renewed selling, and prices again weakened, closing 3 to 5
points off for the day. The spot market has been quiet.
Saturday prices advanced t-16c. To-day the market was
dull and unchanged at 5Ji,c. for middling uplands.
The total sales for forward delivery for the week are
461,100 bales. For immediate delivery the total sales foot
up this week 146 bales, including — for export, 46 for
consumption, — for speculation and 100 on contract.
—
The following are the official quotations for each day of the
past week—December 8 to December 10.
Rates on and off middling, as revised Nov. 17, 1897, by the
Revision Committee, at which grades other than middling
m a y be delivered on contract, applies to quotations begin
ning w ith the 18th.
F a i r . . . . . . . . .................. . . . . c .
1 o n . j G o o d O r d i n a r y . .. ____ .c.
l H ofl-
M id d lin g F a i r .......................
S tr ic t G o o d M id d lin g ........
G ood M id d lin g ....................
S tr ic t L o w M i d d lin g ......
L o w M tetd lln e......................
S t r i c t G o o d O r d in a r y ........
ili* ou.
** o n .
*4 on.
*i«.ofT.
7i* off.
o3T.
E venofl-
G o o d M id d lin g T i n n e d ...
S tr ic t M id d lin g S t a i n e d ..
( M id d lin g S ta in e d . . . . . . . . .
S tr ic t L o w M id. S ta in e d L o w M id d lin g S t a i n e d . ..
j
71« ofl.
j
SI
II
U PLAN D S.
M id d lin g F a i r . ...............................
G U LF.
1^J
■
IC ^.05
ce -a
°©
O
§
17) :
5 1 1 ,, !
flL i
0% !
6 *t
g«
H
wc
©
M id d lin g F a i r . ...............................
S a l.
S T A IN E D .
41
*
M id d lin g ..........................................
S tr ic t M id d lin g . ...........................
G ood M id d lin g T i n g e d ______
57,
m o a Tue»
i 4 *4 i •lti
5 “ i e 3 7 |g
>
5 J l32| 5 s l w
‘\
X I* .
F ri.
4 7»
51
6%
6%
« w ..l
4 70
5*1)8
6*8
6%
61’ )8i
47g
5**1,
tt*s
6%
6*3,,
W ed
X I* .
F ri.
4*4
4 J4 \ 4*4
5% ;
5 J ,e
S9J* \ 5 2 ia 1 52*a,
57a
&7r
sV
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market cloied
on same day*.
SAIPS o r «POT A'SD CONTRACT.
SPOT MARKET
Glcm &u .
S a t ’d a y .. Q u in t a t ! „ a d v
M onday. • u a l e t . ................
T u e s d a y D o ll.. . . . . . . . . . . .
........
W ert'day
T h ’d a y . . D o ji. .................
Q u i e t .............. .
F rid a y
T o ta l..
E x
p o r t.
(J07% Spec- 0 n
*urnp. u h ' n iru c t.
20
•
....
100
20
100
S a le s o f
F u tu r e s
6 9 .8 0 0
7 6 .6 0 0
62.600
8 7 ,0 0 0
7 5 ,3 0 0
8 9 .8 0 0
146
41)1,100
. &,
! p :
; a. *
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• In c lu a c - a a 'e s in S e p te m b e r, fo r S e p te m b e r, 8 4 ,9 0 0 ; S e p te u o b e rO c to b e r, fo r O c to b er, 375.20C ; S e p te m b e r-N o v e m b e r, f o r N o v e m b e r ,
3 3 1 ,1 0 0 .
( y We h a v e in c lu d e d l a th e a b o v e ta b le , a n d s h a ll c o n tin u e e a c h
w e e! to H ire , th e a v e r a g e p ric e o£ f u tu r e s e a c h d a y f o r e a c h m o n th . I t
w lltb e f o u a d u n d e r e a c h d a y fo llo w in g th e a b b r e v ia tio n “ A v 'g e ." T h e
a v e r a g e f o r e a c h m o n th f o r th e w e e k ie a ls o g iv e n a t b o tto m o f ta b l e .
i 3 f For exchanges see page 1077.
to-night, a s made up bycable and telegraph is as follows. The C m tinental stocks,
ae well as those for Great Britain ami the afloat are th is
weffk’fl returns and consequently all the European figures
are brought down to Thursday evening. But to make th e
total the complete figures for to night (Dec. 10), we add the
item of exports from the United States including in it the
exports of Friday only.
T h e V is ib l e S u p p l y o f C o t to n
*26
100
*26
46
Total.
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On this bnsis the prices for a few1of the grades would be
as follows.
flo o d O r d in a r y ..............................
L o w M id d lin g ...............................
M id d lin g ............................................
0
§: 1
»? .
3-!
? _
■» r
• 0 * S
3
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: S; C * 0 :
. 99 • i ; ^ ,
* G;
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THE CHRONICLE.
1130
1895.
1894.
1896.
1897.
6 6 5 ,0 0 0 8 1 8 ,0 0 0 9 7 4 .0 0 0 9 9 3 ,0 0 0
■Stock a t L iv e r p o o l........b a le s .
5 ,0 0 0
3 ,0 0 0
7 .0 0 0
3H M
,0 0 0
8 took a t L o n d o n .......................... ■ mB
T o ta l G r e a t B r ita in s to o k . 6 6 3 ,0 0 0 8 2 5 .0 0 0 9 7 9 .0 0 0 1 ,0 0 1 ,0 0 0
2 1 ,0 0 0
2 1 ,0 0 0
1 7 .0 0 0
S took a t H a m b u r g .....................
,§ .0 0 0
1 6 3 .0 0 0
S took a t B r e m e n ........ .............
2 2 8 ,0 0 0 14.1.000 1 9 6 .0 0 0
1 2 ,0 0 0
7 .0 0 0
6 .0 0 0
2 ,0 0 0
S to o k a t A m s te r d a m .................
200
200
200
S to o k a t R o tte r d a m ..................
200
1 2 ,0 0 0
1 6 ,0 0 0
9 .0 0 0
S took a t A n tw e r p .......................
8 ,0 0 0
1 5 5 .0 0 0 2 8 8 .0 0 0 3 7 6 .0 0 0
S took a t H a v r e ............................
5 .0 0 0
4 .0 0 0
5 .0 0 0
S to o k a t M a r s e illo s ....................
4 ,0 0 0
5 8 .0 0 0
7 0 .0 0 0
4 8 .0 0 0
S to o k a t B a r c e lo n a ....................
5 1 ,0 0 0
9 .0 0 0
3 0 .0 0 0
2 4 .0 0 0
S took a t G e n o a ............................
1 2 ,0 0 0
1 9 .0 0 0
1 7 .0 0 0
1 6 .0 0 0
S to o k a t T r ie s te .........................
4 , 0 0 0 ________________________________
T o ta l C o n tin e n ta l s to c k s .. 4 8 9 ,2 0 0 4 2 4 ,2 0 0 6 4 9 ,2 0 0 6 3 0 ,2 0 0
T o ta l E u r o p e a n s to o k s ___ 1 ,1 5 7 ,2 0 0 1 ,2 4 9 ,2 0 0 1 ,6 2 3 ,2 0 0 1 ,6 8 1 .2 0 0
I n d ia o o tto n a flo a t f o r E u r o p e
9 ,0 0 0
3 3 ,0 0 0
6 1 ,0 0 0 , 7 . 0 0 0
A m e r.o o tto n a flo a t fo r E u r o p e 8 5 1 ,0 0 0 6 6 5 ,0 0 0 5 3 8 ,0 0 0 8 6 0 ,0 0 0
E g y p t,B ra zil,& o . .a flt.fo r E ’p e
6 1 ,0 0 0
6 4 ,0 0 0
9 1 ,0 0 0
4 7 ,0 0 0
S took in U n ite d S ta te s p o r ts . 1 ,1 1 9 ,6 5 5 1 ,2 7 4 ,9 5 4 1 ,0 0 1 ,6 5 4 1 ,2 6 7 ,1 7 4
S to c k In U. 8. In te rio r to w n s .. 6 1 3 ,2 6 3 5 6 8 ,7 8 2 5 5 6 ,3 7 2
5 0 1 ,6 0 6
U n ite d S ta te s e x p o r ts to -d a y .
5 3 ,6 3 9
4 3 ,7 8 0
3 0 ,4 6 1
3 5 ,Oo2
T o ta l v isib le s u p p l y .. . . . . . 3 .8 6 7 ,7 5 7 3 ,8 9 3 ,7 1 6 3 ,9 0 3 ,6 9 0 4 ,3 9 9 ,0 3 2
O f th e a b o v e , to t a l s o t A m e ric a n a n d o th e r d e s c r ip tio n s a r e a s fo llo w s:
L W w p o o ls to o k ............... baleB . 5 6 2 ,0 0 0 6 9 3 ,0 0 0 83 4 ,0 0 0 8 5 1 ,0 0 0
C o n tin e n ta l s t o o k s . . . . . . . . . . . . 4 5 1 ,0 0 0 3 4 4 ,0 0 0 5 8 0 .0 0 0 5 5 6 ,0 0 0
A m e rio a n a flo a t f o r E u r o p e .. 8 5 1 ,0 0 0 6 6 5 ,0 0 0 5 3 8 ,0 0 0 8 6 0 ,0 0 0
U n ite d S ta te s s to c k ................... 1 ,1 1 9 ,6 5 5 1,27 1 ,9 5 4 1 1 ,0 >1,654 1 .2 6 7 ,1 7 4
U Lilted 6 ta lc s i n te r io r s to c k s . 6 1 3 ,2 6 3 5 6 3 ,7 8 2 5 5 6 ,3 7 2 5 0 1 ,6 0 6
U a ite d S ta te s e x p o rtB to - d a y .
5 3 ,6 1 9
4 3 ,7 8 0
3 0 ,4 6 4
3 5 ,0 52
T o ta l A m e ric a n .....................3 ,6 5 0 ,5 5 7 3 ,5 3 9 ,5 1 6 3 ,5 4 0 ,4 9 0 4 ,0 7 0 ,8 3 2
E a s t I n d ia n , B r a z il, <ec.—
L iv e rp o o l s to o k ........................... 1 9 3 .0 0 0 1 2 5 ,0 0 0 1 4 0 ,0 0 0 142 000
L o n d o n s to o k ................................
3 ,0 0 0
7 ,0 0 0
5 ,0 0 0
8,0 0 0
3 8 .2 0 0
8 0 ,2 0 0
6 9 ,2 0 0
1 2 4 ,2 0 0
C o n tin e n ta l s to c k s ____. . . . . . .
I n d ia a flo a t fo r E u r o p e .........
9 ,0 0 0
3 3 ,0 0 0
6 1 ,0 0 0
7,0 0 0
E g y p t, B ra z il, & o ..a flo a t____
6 4 ,0 0 0
6 4 ,0 0 0
9 1 ,0 0 0
4 7 ,0 0 0
T o ta l E a s t I n d ia , &0.......... 2 1 7 .2 0 0 3 0 9 ,2 0 0 3 6 6 ,2 0 0 3 2 8 ,2 0 0
T o ta l A m e r ic a n .................... 3 ,6 5 0 ,5 5 7 3 ,5 3 9 ,5 1 6 3 ,5 4 0 ,4 9 0 4 0 7 0 ,8 3 2
T o ta l v is ib le s u p p l y ..........3 ,8 6 7 ,7 5 7 3 ,8 9 9 ,7 1 6 3 ,9 0 5 ,6 9 0 4 ,3 9 9 .0 3 2
45sd.
33sd.
33, ad
45, 9a .
M id d lin g U p la n d , L iv e r p o o l..
8 9,s0 .
53,0.
5780.
M id d lin g U p la n d , N ew Y o rk .
7380.
4 ie d .
51319d.
6% d.
4 led.
E g y p t G o o a B ro w n , L iv e rp o o l
6& d.
,s
5 7 ,ed.
6% d.
P e ru v .R o u g h G o o d , L iv e rp o o l
6 7 ,8d.
45, 9a .
4 is a
3 3 ,6d.
3M d.
B ro ao h F in e , L iv e rp o o l............
4>4d.
33la d.
3 i 1Ba .
4% d.
T ln n e v e lly G o o d , L iv e r p o o l..
_ ■T h e i m p o r t s i n t o C o n t i n e n t a l p o r t s t h e p a s t w e e k h a v e
_
b e e n 1 9 9 ,0 0 0 b a l e s .
T h e a b o v e fig u re s i n d ic a te a d e c r e a se i n t h e c o tto n i n s ig h t
1 9 - n i g h t o f 3 0 ,9 5 9 b a l e s a s c o m p a r e d w i t h t h e s a m e d a t e
o f 18 9 6 , a f a l l i n g o ff o f 3 8 ,9 3 3 b a l e s f r o m t h e c o r r e s p o n d i n g
d a t e o f 189 5 a n d a d e c r e a s e o f 5 3 1 ,2 7 5 b a l e s f r o m 1 8 9 4 ,
A t t h e I n t e r io r T o w n s t h e m o v e m e n t— t h a t is t h e r e c e ip ts
f o r t h e w e e k a n d s in c e S e p te m b e r 1, t h e s h ip m e n ts f o r th e
w e e k a n d th e s to c k s to -n ig h t,
and
th e
s a m e ite m s fo r th e
c o r r e s p o n d i n g p e r i o d o f 1896— i s s e t o u t i n d e t a i l b e lo w .
£.0 P
f l I l i a & g§°s 1
.
8 B 9 1 SB
SB 9 1
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rvou
Q u o t a t i o n s f o r M i d d l i n g C o t t o n a t O t h e r M a r k e t s .—
B e lo w a r e c lo s in g q u o ta tio n s o f m id d lin g c o t t o n a t S o u th e r n
a a d o th e r p rin c ip a l c o tto n m a rk e ts fo r e a c h d a y o f th e w e e k :
CLOSING q u o t a t io n s f o b m id d l in g o o t t o n o n —
W eek e n d in g
D ec. 10.
S a tu r .
G a lv e s to n ..
N ew O rle a n s
M o b ile ..........
Savannah. .
C h a r le s to n ..
W ilm in g to n .
N o r f o l k ........
B o s to n ..........
B a ltim o re ...
P h ila d e lp h ia
A .u g n sta.......
M e m p h is___
S t. L o u is ___
H o u s t o n ___
C i n c in n a ti ..
L o u is v ille ...
M on.
T u e t.
W cdnes.
T hu rs.
F r i.
A lia
5-4
5h«
5 ’ lS
53, S
5%
5^
5 I 3 i,
5=8
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5 ia
5i4
5 5is
53s
57,8
514
53 |0
53 lfl
5 3 j6
53s
5L)
5 7s
55s
61«
5 7is -'a
5k
5518
53s
58,
538
57,6
5>4
5h«
5 3 ia
5718
5M
53,6
53,6
57U
5k
53,8
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53s
5>a
5 7s
5=8
6%
5 ia
514
53,8
53s
5*2
5%
5%
5>a
5 7s
5°8
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5^
5 Ha
5°16
53s
5>a
53s
5%
5%
5 7s
5=8
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514
55,6
57,8
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5%
57,6
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53,6
53,8
53,6
53s
51«
5 78
5=8
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5 ‘ i «'®1
7
2
514
55,6
57,8
51a
5 °ia
53s
T h e c lo s in g q u o ta tio n s to -d a y (F rid a y )
S o u th e r n m a r k e t s w e r e a s fo llo w s .
5
A th e n s ..........
5ifl I C o lu m b u s , M iss
A c ia n c a . . . . . . . .
514
54» E u f a u l a ______ _
l i t t l e R o o k ___
O n a r l o t t e ..........
478
C o lu m b u s . G a . "53g' I M o n tg o m e r y ...
5 3,s
Week
Sliding—
Nov. 5.......
1 2 .......
19.......
“ 26.......
Dec. 3 ......
“ 1 0 .......
1897.
1890.
1895.
1897.
1890.
367,032
411,605
411,309
396.053
400.835
367,068
304,983
289,706
315,717
313,526
265,902
278,408
197,931
229,749
212,429
199,533
227,001
234.059
306.258
442,355
503,190
559,421
589,083
613,203
461,249
458,286
502,484
530,031
558,918
508.7-2
OM;
! ©©
2 2 ^ 5 2 ? ' • "■
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a © 0<J^4-J'G;tO,ChCO'J'lCDCCCDOtOCO<lMCnOiCO<inOCh^lC5XtOO
1897.
1890.
1896.
817,944
2^,743
359,915
341,073
294,789
288,332
248,112
265,000
233,317
221.7S7
265,571
267,743
S in c e
S e p t. I
1896.
S i 7ice
Sept. 1.
W eek,
S k ip p e d —
V ia S t. L o u i s .....................................
V ia C a i r o ...........................................
V ia P a r k e r ........................................
V ia R o c k I s la n d .............................
V ia L o u is v ille ..................................
V ia C in c in n a ti............................ ..
Via o t h e r r o u te s , &o.....................
9s
l&f
£
3 1 .1 3 4
1 3 ,3 2 0
700
1,561
4 ,8 6 6
6 ,8 1 2
6,0 3 9
T o t a l g ro s s o v e r la n d ................
D educt s h ip m e n ts —
O v e rla n d t o N . V ., B o s to n , & o.
B e tw e e n I n t e r i o r t o w n s .............
I n l a n d , A c ., f r o m S o u th ..............
6 7 ,512
6 9 2 ,5 8 9
47,937
6 1 2 ,7 7 2
2 2 ,1 0 6
1,468
9 38
1 4 2 ,1 7 2
1 0 ,2 6 0
1 5 ,3 7 6
1 5 ,2 5 5
2 27
1,2 6 5
1 4 5 ,4 6 0
2,0 0 2
17,083
2 4 ,5 6 2
1 6 8 ,8 0 3
1 6 ,747
16 4 ,5 4 5
T o ta l t o b e d e d u c t e d . . . ............
i l
k
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The above totals slow that tha interior stocks have
Mjdreajeu during the week 24,180 bales, and are to-Dight 44,481
ba!e9 "tore than at tha same piriod last year. The receipts at
all the towns have been 34,3 8 more than the same week
last year, and since S w \ 1 they are 419,271 balej mire than
xor the same time in 1896.
3 3 4 ,9 0 5
1 5 1 ,0 3 3
6,'-<52
1 6 ,2 3 8
3 4 ,9 9 7
3 9 ,2 2 7
5 9 ,3 3 9
2 0 ,7 0 2
14,481
2 04
500
4 ,9 8 6
4,5 2 5
2,5 3 9
2 7 1 ,5 2 2
1 4 2 ,0 3 4
7,8 0 5
1 0 ,009
7 4 ,4 3 1
6 5 ,5 1 6
4 1 ,4 5 5
L e a v in g t o t a l n e t o v e r la n d * 4 2 ,9 5 0 52 3 ,7 8 1 3 1 ,1 9 0 4 4 8 ,2 2 7
* 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 .
T h e f o r e g o i n g s h o w s t h a t t h e w e e k ’s n e t o v e r l a n d m o v e m e r £
t h i s y e a r h a s b e e n 4 2 ,9 5 0 b a l e s , a g a i n s t 3 1 ,1 9 0 b a l e s f o r t h e
w e e k i n 1896, a n d t h a t f o r t h e s e a s o n t o d a t e t h e a g g r e g a t e n e t
o v e r l a n d e x h i b i t s a n i n c r e a s e o v e r a y e a r a g o o f 7 5 ,5 5 4 b a l e s ,
1897.
W eek.
f' .
.
M to — r- ^ IV
r—— r—
—
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.
P- ; p
p_Mp p o o c s o ^ t o c s c o
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© © 50o* m q c- tocc*. O' M co ^ o * -o o to q 5 » jo c^c;0 > -* to » co o o
.
5*8
5 i,g
5M
4 7s
T h e a b o v e s t a t e m e n t s h o w s : 1 ,— T h a t t h e t o t a l r e c e i p t s
f r o m t h e p l a n t a t i o n s s i n c e S e p t . 1 , 1 8 9 7 , a r e 5 ,0 7 7 ,9 5 1 b a l e s ; n
1896 w e r e 4 ,5 4 7 ,5 2 9 b a l e s ; i n 1 8 9 5 w e r e 3 ,4 4 5 ,2 8 2 b a l e s .
2 .— T h a t a l t h o u g h t h e r e c e i p t s a t t h e o u t p o r t s t h e p a s t w e e k
w e r e 3 6 7 ,09S b a l e s , t h e a c t u a l m o v e m e n t f r o m p l a n t a t i o n s w a s
3 9 1 ,2 7 8 b a l e s , t h e b a l a n c e g o i n g t o i n c r e a s e t h e s t o c k s a t t h e
in te rio r to w n s . L a s t y e a r th e re c e ip ts fro m th e p la n ta tio n s
f o r t h e w e e k w e r e 283,33.3 b a l e s a n d f o r 1 8 9 5 t h e y w e r e
2 5 7 ,7 4 3 b a l e s .
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S i n c e S e p t . 1 .—
W e g iv e b e lo w a s t a t e m e n t s h o w in g t h e o v e r la n d m o v e m e n t
f o i t h e w e e k a n d s i n c e S e p t e m b e r 1. A s t h e r e t u r n s r e a c h u s
b y t e le g r a p h l a t e F r i d a y n i g h t i t is im p o s s ib le t o e n t e r so
la rg e ly in to d e ta il a s in o u r r e g u la r m o n th ly r e p o r t, b u t a ll
tn e p r in c ip a l m a t t e r s o f i n t e r e s t a r e g iv e n . T h is w e e k ly
p u b lic a tio n is o f c o u r s e s u p p le m e n ta r y t o t h e m o r e e x te n d e d
m o n t h l y s t a t e m e n t s . T h e r e s u l t s f o r t h e w e e k e n d i n g D e c . 10
a n d s in c e S e p t. 1 i n t h e l a s t tw o y e a r s a r e a s fo llo w s .
W eek.
I?
C
O
MMC
J«
10 M M tO
M©M *005^0500 p M^iopCOO ^ co P- <j to
ci*.*-coVi'VcoM cO'bn'coosoooM bcHH^b
tO«*Ot£>OC'CUOO»IOtO<lM**-<JCOOO<KOO
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—ocob*
1895.
415,176 394,235
451,020 457,702
471,914 472.144
494,118 452,284
532,088 430,497
556.372 391,278
1897.
O
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to-*
M
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t a c jo w v io '^ v c u i s i T o o x 'W H * d - o l& ,tiirH » t.H -‘X M P r‘ cc *
<j if* x
co x —coi,»oooxiUi'00o*Q-ostorf».coc5H*o»acooiostaM
C»©C? <105 •
7
N a s h v ille . . . . . .
N a tc h e z ............
R a l e i g h ______
S h r e v e p o r t____
n
Receivts a t the Ports. St'k a t Interior Tovms. R ec'vtsfrom P la n t1 t.
D ecem ber 10.
O
to
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a t o th e r im p o r ta n t
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 .— T h e f o l l o w i n g t a b l e
in d ic a te s th e a c tu a l m o v e m e n t e a c h w e e k fr o m th e p la n ta tio n s ,
t ’h e f i g u r e s d o n o t i n c l u d e o v e r l a n d r e c e i p t s n o r S o u t h e r n
a o n s u m p tio n ; th e y a r e s im p ly a s t a t e m e n t o f t h e w e e k ly
m o v e m e n t fro m th e p la n ta tio n s o f t h a t p a r t o f th e c ro p w h ic h
d u a lly re a c h e s th e m a r k e t th r o u g h th e o u tp o r ts .
g p
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lxv
S in c e
Sept. 1.
1896.
W eek.
S in c e
Sept. 1.
3 6 7 ,0 9 8 4 ,5 0 9 ,7 6 4 2 " 9 ,4 6 8 4 ,0 9 9 ,3 4 1
R e c e ip ts a t p o r ts to D eo. 1 0 . .. ,
4 2 ,9 5 0 523,781 3 1 .1 9 0 4 4 8 .2 2 7
V et o v e r la n d to D ec. 1 0 .............
S o u th e rn c o n s u m p tio n to D eo. 10 2 4 ,0 0 0 3 2 4 ,0 0 0 2 3 ,0 0 0 2 9 6 ,0 0 0
T o t a l m a r k e t e d ............
I n te r io r s to c k s In e x o e s s .
43 4 ,0 1 8 5,357,545 3 3 2 .6 5 8 4 ,8 4 3 ,5 6 8
24, L80 66 8 ,1 8 7
9,3 6 4 4 4 8 ,1 8 8
3 4 2 ,5 2 2
C am e I n to s ig h t d u r in g w e e k . 4 5 8 ,2 2 8
5 ,2 9 1 ,7 5 6
5 ,9 2 5 ,7 3 2
T o ta l I n s ig h t D e c. 1 0 ...........
N o rth ’n s p l n n e r s t a k ’g s to D e c .10
I t w ill b e
d u rin g th e
sam e w eek
t> n ig h t as
7 9 ,0 7 9
9 8 6 ,7 0 7
6 0 ,3 9 2
7 9 2 ,8 1 2
seen b y th e a b o v e t h a t th e re h a s co m e in to s ig l t
w e e k 4 5 8 ,2 2 8 b a l e s , a g a i n s t 3 4 2 ,5 2 2 b a l e s f o r t i e
o f 4896, a n d t h a t t h e in c r e a s e in a m o u n t in s l g l t
c o m p a r e d w i t h l a s t y e a r i s 6 3 8 ,9 7 6 b a l e s ,
THE CHRONICLE.
December 11, 1697.]
1131
BOMBAY RBCEIPT8 AND SHIPMENTS FOB FOUR TEARS,
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic ad
vices from the South this evening indicate th a t the tem pera
S h ip m e n ts th is w ee k .
S h ip m e n ts s in c e S e p t. 1.
R e c e ip ts.
ture has been lower the past week, with killing frost in T e a r G reat O oniiC o n ti
T h is
G reat
S in c e
T otal.
Texas. There has been rain in most localities, but the pre
B r iT n . n e n t. T otal. B r ita in n e n t.
W eek. Sept. 1.
cipitation has been light as a rule. The m arketing of the
4 .0 0 0 4.0 0 0
1 5 .0 0 0
15.000 1 7 .000
58,000crop continues very free. From Texas we are advised that 1897
9 .0 0 0
8 1 .000
1 8 3 .0 0 0
cotton-picking is still in progress at some points in the 1896 1,000 1 4 .0 0 0 1 5.000 2,000 7 8 .0 0 0 101,000 3 5 .0 0 0 3 4 9 .0 0 0
1895 1,000 4 ,000 5 ,000
3 .0 0 0 9
6 2 .0 0 0
northern portion of the State.
1884
1.000 1.000
5.0 0 0 20.000
2 5 ,0 0 0 20,000
8 0 ,0 0 0
Galveston, Texas.—Freezing weather has killed all vegeta
S h ip m e n ts s in c e S e p t. 1.
S h ip m e n ts f o r the tceek.
tion and green cotton. Some picking is still in progress over
breat C o n ti
& reat
North Texas, where the yield is good, and the crop will he
T otal.
T o ta l.
B r ita in . n e n t.
B r ita in . C o n tin e n t.
above the average in conn ties along the Red River. There
has been ram on three days of the past week, the rainfall C a lc u tta —
2 ,0 0 0
being ninety three hundredths of an inch. The thermometer
1 8 9 7 ........
5 .0 0 0
7 .0 0 0
2,0 0 0
1896
......................
7 .0 0 0
9 .0 0 0
has ranged from 80 to 71, averaging 50.
M a d ra s —
Corpus Chruti. Tetas.—lt has rained on three days of the
2 ,0 0 0
1897
......................
7 .0 0 0
5.0 0 0
week, the rainfall being twenty-one hnndredths of an inch.
9 .0 0 0
1896
......................
1 0 ,000
1 9 .0 0 0
11 o th e r s Average thermometer 5'J, highest 75 and lowest 38.
2,000
2 ,0 0 0
1897
......................
7 .0 0 0
1 6 ,0 0 0
2 3 .0 0 0
'Palestine, Ttr.au—There has been rain on three days of the
1 0 ,0 0 0
1 8 9 6 ........
2 7 ,0 0 0
3 7 .0 0 0
week, the precipitation reaching one inch and thirty fonr
hundredths. The thermometer has averaged 46, the highest T o ta l a l l 2 6 ,0 0 0
2 ,0 0 0
11,000
1 8 9 7 ..
. . 2 ,0 0 0
3 7 .0 0 0
being 74 and the lowest 18.
2 1 ,0 0 0
1 8 9 6 ..
.
6 5 .0 0 0
4 4 ,0 0 0
San Antonio, Texas—There has been rain on one day of
EXTORTS TO EUROPE FROM ALL INDIA.
the past week, to the extent of sixteen hundredths of an inch.
The minimum temperature has been 28.
1896
1897.
18 9 5 .
S h ip m e n ts
Sew Orleans, Louisiana.—We have had rain on one day of
ll
ro
S in c e
T h is
S itu
T h is
S in c e
the week, to the extent of one hundredth of an inch. to afr oE u— p e T h is
m
w eek.
Sept. «.,
w eek.
S e p t. i
w eek.
Sept. 1.
Average thermometer 58.
Shreveport, Louisiana.—It lias rained on three days of the B o m b ay _____
4 .0 0 0
15.000
5 ,0 0 0
8 1 ,0 0 0 1 5 ,0 0 0 101,000
6 5 ,000
3,000
week, to the extent of forty-eight hnndredths of an inch. All o th e r p o r ts 2.000 3 7 .0 0 0
7 2 ,0 0 0
The thermometer has ranged from 19 to 74, averaging 50.
T o t a l ........
6,000
5 2 ,0 0 0
5 ,0 0 0 1 4 6 ,0 0 0 1 8 ,000 1 7 3 ,0 0 0
Columbus, itimiasippi.—We have had rain on three days of
the week. The thermometer has averaged 49, the highest
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
being 74 and the lowest 23,
Liverpool and Alexandria, we now receive a weekly cable of
Leiaml, Mississippi.—Telegram not received.
Vicksburg, Mississippi.—W o have had rain on two days of the mo vements of cotton a t Alexandria, Egypt. The following
the week, the precipitation reaching one inch and fourteen are the receipts and shipments for the past week and for the
hundredths. The thermometer has ranged from 25 to 74, corresponding week of the previous two years.
averaging 52.
A le x a n d r ia , E g y p t,
18 9 7 .
1896.
1895.
Little Hock, Arkansas.—There has been rain on three days
D ecem ber Q.
during the week, the rainfall reaching sixty-one hundredths
ts
n ta rs *
of an inch. Average thermometer 46, highest 71 and lowest 20 R e cbelipw e(oka.............)___
T s
e
.......
3 5 5 .0 0 0
2 5 0 ,0 0 0
2 5 0 ,0 0 0
Helena, Arkansas.—The weather has been too cold for cot
3 ,0 8 4 ,0 0 0
S in c e S e p t. 1 . . . . ........
3 ,1 3 5 ,0 0 0
2 ,9 5 3 ,0 0 0
ton-gathering part of the week, bat to-day has turned
T h is
S in c e
S in c e
Sin ce \ | T h is
ThU
wanner, with indications of rain. We have had rain on one
w eek. S e p t. 1 . | w eek. S ep t. 1.
w eek. Sept. 1.
day of the week, to the extent of forty-six hundredths of an
inch. The thermometer has averaged 44‘6, the highest being E x p o r ts (bales)—
21,000 1 54.000 22,000 1 5 7 .0 0 0
T o L i v e r p o o l.......... ... 1 7 .0 0 0 133.000 1
76 and the lowest 23.
T o C o n d n e n t t ............ 18.000 115.000 |20,000 110.000 21,000 112.000
Memphis, Tennessee.—It has rained on two days of the
4
T o ta l E u ro p e ____ 3 5 ,0 0 0 2 4 8 ,0 0 0 1 1 ,000 2 61,000 4 3 ,0 0 0 2 6 9 ,0 0 0
week, to the extent of one inch and sixteen hundredths. The
thermometer has averaged 45 9, ranging from 21-5 to 70.
* A c a n ta rU D S p o u n d s,
f O f w h ic h to A m e r tc a in 1 8 9 7 , 1 2 ,3 6 2 b a le s ; in 1 8 9 6 , 1 2 ,1 3 4 b a le s ;
Mobile, Alabama.—Ice and first killing frost of the season
occurred here on Sunday last and we had heavy frost again In 1895, 2 2 ,7 2 7 b a le s.
Ma n c h e s t e r
M a r k e t , —Our report received by cable
on Monday. There has been rain on one day of the week,
the precipitation reaching twenty-three hnndredths of an to-night from Manchester states that the market continues
dull for both yarns and shirtings. Merchants are not willing
inch. Average thermometer 55, highest 05 and lowest 29.
Montgomery, Alabama.—There has been rain on one day of to pay present prices. We give the prices for to-day below
the week, the precipitation reaching forty-four hundredths and leave tho-e for previous weeks of this and last year
of an inch. The thermometer has averaged 52, the highest for comparison.
18 9 6 .
being 63 and the lowest 41.
18 9 7 .
Selma, Alabama.—There has been rain on three days of the
8 % lbs. S h ir t- Oott’n
8% lbs. S h irt- O o tfn
week, to the extent of one inch and ten hnndredths. The
32* Oop. in g s , c o m m o n M id .
32* Cop. in g s , co m m o n M id .
Tunst.
TuriMt,
thermometer has averaged 6 > ranging from 30 to 76.
,
to fin e s t.
U plds
U p ld s
to fin e s t.
Madison. Florida. —Pick mg is about finished. We have
8. d.
8. <
1.
d.
a.
a.
d.
e. d.
a.
d. *. d .
had no rain during the week. The thermometer has ranged
4173.
6% 5»7»,B 4 5 1 2 3 6 11
3q
N o v .5 6 ija « 7 b ! 4 1 ® 0 8
from 34 to 82, averaging 60.
2
1
*711* 4 1 ® 6 8
“ 12 6
3*32 6I3l e 37=8 4 5 * ® 6 11
10% S f c
Savannah, Georgia.—We have had rain on two days of the
6% ®7>a 4 5
4 1 ® 6 7*9
" 19 5>6l f 1>7
4 36
week, the rainfall being nineteen hundredths of an inch. The “ 26 5 7s 3615w 4 1 0 6 I h i a * 0 U JO® 77'* 4 4 % a o 10
4
10
3*4
D ec, 3 5J&B-6US,* 4 1 * 6 S
thermometer has averaged 55, the highest being 68 and the
S r,
4 3 -36 9
33. * 81%
10 5% 6>678 1 1 0 6 8
lowest 37.
J u t e B u t t s , B a g g i n g , & c . —There has been a fair demand
Augusta, Georgia .—There has been rain on two days of the
week, to the extent of nine hnndredths of an inch. The ther for bagging the past week, at unchanged quotations, the
close to night being at 517c. for 1% lbs., oj-gc. for 2 lbs. and.
mometer has averaged 49, ranging from 31 to 68.
'c.
Charleston, South Carolina.—Rain has fallen on three days 63a for 21, lbs. Car-load lots of standard brands are
of the week, the rainfall reaching five hundredths of an quoted at 5t£c. for i\. lbs.. S^c. for 2 lbs. and 6%c. for 2%
log. f. o. b. at New Tork. The market for jute butts con
inch. Average thermometer 54. highest 66, lowest 40.
Stateburg, south Carolina.—We have had rain on two days tinues quiet. Quotations are -75@’80c. for paper quality, l^ c .
during the week, the rainfall reaching thirty-three hun for mixing and lf g C . for spinning cuttings, all to arrive.
and paper
dredths of an inch. Frost on two days. The thermometer Spinning cuttings on the spot are quoted at
quality at :l4_c.
has averaged 49 5, the highest being 66 and the lowest 34.
Greenwood, South Carolina.—It has rained on one day of
E n g l i s h C o t t o n O p e r a t i v e s B a l l o t A g a i n s t R e d u c t io n
the week, to the extent of seven hundredths of an inch. o f W a g e s . —The Association of Cotton Operatives took a
ballot on December 7 at Manchester on the reduction in
The thermometer has averaged 44, ranging from 37 to 52.
Wilson, North Carolina.—It has rained on two days of the wages proposed by the employers, and the result was an
week, with rainfall to the extent of fifty hundredths of an almost unanimous decision against the proposition.
inch. The thermometer has ranged from 28 to 60. averaging
N e w O r l e a n s C o t t o n E x c h a n g e A n n u a l E l e c t io n —
45.
At the annual election of the New Orleans Cotton Exchange
The following statem ent we have also received by telegraph, held on Monday, Dec. 6, the following ticket was elected;:
showing the height of the rivers a t the points named at President, Felix Contun-: Vice-President, J. M. Parker;
8 o’clock Dec mbe r 9, 1897. and December 10, 1898.
Treasurer, J. G, Duncan; Directors: Norman Eustis, Maurice
Dec. 9. ’97. Dee. 1 0 , ’90. Stern, James Lea McLean, W. F. Pinckard, H. R. Laboussie,
S. Weis, E. Bornemann, S. Hyman, II. Dessommes, O. L.
Feet.
Feet.
DaFuentes and C. H. Mtnge.
5T
2-9
S e w O r l e a n e . .. ..............A b o v e i e r » o f g a u g e .
M e m p h is .................... . . . A rm ve x oro
SaehvfHo........ ................. A b o v e jsero
f b r e v e p o i t ....................... B elo w * ero
V i-v "i-o v e ........_............... A b ovp
of
of
of
of
gauge.
gauge
gange.
Hanaro
3-5
■
i-e
16*5
8’0
20
17*0
F a l l R i v e r C o t t o n M i l l s . — W a g e s t o B e R e d u c e d .—
The Cotton Manufacturers’ Association at a largely attended
meeting on December 8 concluded unanimously to reduce all
wages in the mills of the city. The amount of the reduc
tion and the date from which it shall become onerative was
I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s .— T h e r e c e i p t '
left to the committee, which has had charge of the m atter
and shipments of cotton at B o m b a y h a v e b e e n a s f o l l o w s for
for some time and has been investigating the situation,
t h e w e e k and year, bringing the f i g u r e s d o w n t o Dec. 9.
2 1
3*2
THE CHRONICLE.
1132
(VOL, LXV.
T o ta l b a its.
N e w Y o r k —T o L iv e rp o o l, p e r s te a m e r Bo vie, 2 ,7 4 7 u p la n d
2 ,9 9 7
a n d 2 5 0 S e a I s l a n d ..............................................................................
1,265
T o H u ll, p e r s te a m e r M a rte llo , 1 ,2 0 5 ............................................
264
T o M a n c h e s te r, p e r s te a m e r S tr a b o , 2 6 4 ......................................
T o L o n d o n , p e r s te a m e r Id a d o , 8 2 9 ................................................
82 9
To H a v re , p e r s te a m e r L a T o u r a in e , 5 9 3 u p la n d a n d 1 0 S e a
6 03
I s l a n d .....................................................................7..................................
1 00
To M a rse ille s , p e r s te a m e r S c in d ia , 1 0 0 ......................................
1 ,5 7 7
T o B re m e n , p e r s te a m e r G e ra , 1 ,5 7 7 ..............................................
Stock
1896.
18 9 7 .
T o H a m b u rg , p e r s te a m e r s P a t r i a , 1 ,1 4 8 ___P e n n s y lv a n ia ,
1 ,1 0 6 ........................................................................................................... 2 ,2 5 4
R e c e ip ts to Dec. 10.
S in c e
T h is
S in c e
T h is
To R o tte rd a m , p e r s te a m e r M o h ica n , 4 0 0 ___W e rk e n d a in ,
w eek. S ep t. 1. w eek. S e p t. 1. 1 8 9 7 . 1896.
588
1 8 8 ..............................................................................................................
51
To A n tw e rp , p e r s te a m e r S t. C u th b e rt, 5 1 . . ...............................
S a v a n n a h ............................ 3 ,1 0 7 3 8 ,7 5 4 5 ,6 9 7 5 6 ,9 5 4 2 6 ,5 1 0 2 7 ,601
1 ,0 5 0
T o O p o rto , p e r s te a m e r O e v e n u m , 1 ,0 5 0 ......................................
5 ,8 4 2 | 5,893
8 ,4 3 6
465
6 ,5 5 8
968
C h a r le s to n , & o...................
200
T o L isb o n , p e r s te a m e r O e v e n u m , 2 0 0 ...........................................
2 ,5 5 1 l,3 3 6 j 2 .6 2 4
2 ,5 1 8
711
318
F lo r id a , &o...........................
1,002
To G e n o a , p e r s te a m e r S c in d ia , 1 ,0 0 2 .............................................
788
T o N a p le s , p e r s te a m e r s F u ld a , 3 8 8 ___S c in d ia , 4 0 0 ...............
4,691 4 5 ,8 3 0 6.8 7 3 6 7 ,9 4 1 3 3 ,6 8 8 3 6 ,1 1 8
T o ta l...... ..........................
1,2 0 0
T o J a p a n , p e r s te a m e r U rd , 1 ,2 0 0 ....................................................
N e w O r l e a n s —T o L iv e rp o o l, p e r s te a m e rs B a r b a d ia n , 8 ,0 8 5
The exports for the week ending this evening reach a tots 1
F lo r id ia n , 4 ,4 0 0 .. ..T r a v e le r . 6 ,0 0 0 .............................................. 1 8 ,4 8 5
of 3,359 hales, of which 2,319 bales were to Great Britain, 10
To B e lfa s t, p e r s te a m e r T o r r H e a d , 4 ,6 5 1 ....................................
4,651
T o H a v re , p e r s te a m e r s B e n d o , 5 .9 4 7 ___E u r o p e a n , 1 9 ,0 0 0
to France and — to Reval, and the amount forwarded to
___L a n d a n a , 7 ,9 0 4 — P o la n a , 7 ,4 8 1 ........................................... 4 0 ,3 3 2
Northern mills has been 1.756 bales, Below are the exports
T o B re m e n , p e r s te a m e r R u a p e h u , 4 ,0 0 0 ...................................... 4 ,0 0 0
for the week and since September 1 in 1897 and 1896.______
T o H a m b u rg , p e r s te a m e r R o b e r t H a r ro w in g , 4 0 0 .................
400
T o R o tte rd a m , p e r s te a m e r M o o rg a te , 6 0 0 ..................................
6 00
WeeK E n d in g Dee. 10. S in c e S ep t. 1, 1 8 9 7 . N o r tk 'n M il a.
T o G e n o a, p e r s te a m e r L a c ro m a , 3 ,3 0 0 ........................................
3 ,3 0 0
1,4 0 0
To T rie s te , p e r s te a m e r L a c ro m a , 1 ,4 0 0 ........................................
E x p o r ts
S in d
G rea t F r'n c e
G reat F r'n c e
T o V e n ice , p e r s te a m e r L a c ro m a , 1 ,2 3 2 ........................................
1,232
fr o m —
T o ta l. Week. S ept A
T o ta l. B riV n .
tie.
Ac.
B riV n .
G a l v e s t o n —T o L iv e rp o o l, p e r s te a m e r s F u ll w ell, 7 ,6 7 1 —
P a u lin a , 4 , 6 7 3 .. . .P l a t e a , 8 .9 3 2 ..................................................... 2 1 ,2 7 6
1,4 4 9 4 ,7 9 1 1 ,1 6 7 5 ,9 5 3 1 ,4 3 8 6 ,8 8 7
S ’v a n n ’h, &c 1,4 4 9
T o M a n c h e ste r, p e r s te a m e r s S tr a i ts o f M en a i, 8 ,4 3 6 —
2 62
1,0 1 5
550 1,015
550
O l i a r r t ’n,*feo
T e le s fo ra , 8 ,3 6 4 ..................................................................................... 1 6 ,8 0 0
318 2,518
.....
T o H a v re , p e r s te a m e r s A eon, 6 , 3 8 9 . . . .H e a d la n d s , 7,5 0 2
F lo r id a , &o.
8 6 0 2 ,8 4 6 . . . . . a . . . . .
2 6 0 i,9 8 6
10
N e w Y o rk ..
250
. .. .T r e n t l i a m H a ll. 1 1 ,7 2 7 ................................................................ 2 5 ,6 1 8
52 . . . . . .
52
T o B re m e n , p e r s te a m e r M a n in . 4 ,9 3 2 ............................................ 4 ,9 3 2
B o s t o n ......... .......... . . . . . . ..........
P h il a ., & o ... .......... .......... .......... .......... .......... .......... .......... . . . . .
To H a m b u rg , p e r s te a m e r A sh m o re , 1 ,9 5 0 ..................................
1 ,9 5 0
5,4 9 8
T o A n tw e rp , p e r s te a m e r s J u n o , 2 ,4 0 8 ___O lin d a , 3 ,0 9 0 ___
10 2,2 5 9 7 ,8 4 4 2 ,0 2 7 9,8 7 1 1 ,7 5 0 9,6 6 7
To R o tte rd a m , p e r s te a m e r G le n g o il, 9 0 0 ....................................
90 0
T o t a l......... 2,2 1 9
To G h e n t, p e r s te a m e r C a stle fie ld , 6 ,2 4 5 ......................................
6,2 4 5
833
285 1,1 1 8 1 5 ,4 1 0 4 ,7 0 8 2 0 ,1 1 8 2,0 0 8 1 4 ,643
T o t a l 1 8 9 6 ..
T o C o p e n h a g e n , p e r s te a m e r G le n lo ig , 1 4 8 ..................................
148
e rp l,
a m e r s M o b ile, 5 ,8 9 2 ___ N o rn a ,
Quotations Dec. 10 at Savannah, for Floridas, common, M o b il e —T o L ivp e c o olis t,p e r,2s7te .................................................................. 1 3 ,5 4 0
3 ,3 7 6 . S
ia
4
2
T o B re m e n , p e r s te a m e r G la n to n , 7 ,7 9 8 ........................................
7 ,7 9 8
S))£e.; medium fine, 10e.: choice, J3J^c.
P e n sa
L
e
r V iv
4
Charleston, Carolinas, medium fine, 16c.; flue, 17J^ to 18c.: S a v a nc o l a —Too H aiv e rp o o l, p tera s teear mTejo m o , ia n , 5 0,5 0 1 ......... — n d 4,5 0 1
n a h —T
v re , p e r s
m
1 ,7
u p la n d a
fully fine, 20 to 23J^c.: extra fine, 26 to 33c.
2 1 2 S e a I s l a n d .........................
1,9 6 2
To B re m e n , p e r s te a m e r s E g r e m o n t C a s tle , 8 ,1 1 3 u p la n d
C o t t o n C r o p E s t i m a t e . —Messrs. Latham, Alexander &
a n d 2 0 0 S e a I s la n d ___L e a n d e r, 8 ,6 5 0 u p la n d ___ R o m u lu s,
■Co., New York, issued on December 7 their estimate of the
7 ,2 7 2 ............................................................................................................. 2 4 ,2 3 5
To G o th e n b u rg , p e r s te a m e r T jo m o , 1 ,3 9 4 ...................................
1,39 4
■cotton crop by States for the season 1897-98, in which they
To M alm o , p e r s te a m e r T jom o, 5 0 0 ..................................................
5 00
B r u n s w ic k —T o L iv e rp o o l, p e r s te a m e r S t. Ir e n e , 8 ,8 0 0 ............ 8 ,5 0 0
make the total yield 10,188,000 bales.
To B re m e n , p e r s te a m e r H o n ito n , 5 ,3 5 5 ......................................
5 ,3 5 5
E u r o p e a n C o t t o n C o n s u m p t i o n t o D e c e m b e r 1.—By C h a r l e s t o n —T o G e n o a , p e r s te a m e r C lia rin g C ro ss, 6 ,6 5 3 —
6,6 5 3
cable to-day we have Mr. Ellison’s cotton figures brought W il m in g t o n —T o B re m e n , p e r s te a m e r K irk b y , 9 ,7 0 0 ................... 9 ,7 0 0
N o r f o l k —T o L iv e rp o o l, p e r s te a m e r A ra a n a , 2 ,1 8 2 ...................... 2 ,1 8 2
down to December 1. We give also revised totals for latt
6 00
T H a m u rg , p
r
illo
ch,
year that comparison mav be made. The spinners’ takings B o sto n —T obL iv e rpe ros te aem e teWm e r w CB ra n ro m 6C0 9 6 3 — C........
o
o l, p r s a
s am b
an,
a ta
in actual bales and pounds have been as follows:
lo n ia , 2 ,2 1 9 ___L a n c a s tr ia n , 8 6 ___ N o rs e m a n , 1 ,6 0 1 ........... 4 ,8 6 9
B a l t im o r e —T o L iv e rp o o l, p e r s te a m e r R o ssm o re , 4 ,8 2 5 ___
T e m p ’e m o re , 2 ,0 2 6 ............................................................................... 6 ,8 5 1
Total.
October 1 Lo D cem ber 1. Great B r ita in . C o n tin e n t.
To L o n d o n , p e r s te a m e r L o r d E r n e , 8 7 0 ---- M o u rn e , 1 3 ----883
T o B re m e n , p e r s te a m e r M u n c lie n , 2 .9 9 9 ..................................... 2 ,9 9 9
F o r 1897.
974
T o H a m b u rg , p e r s te a m e r A s tu r ia , 9 7 4 .......................................
6 1 2 ,0 0 0
5 6 1 ,0 0 0
1 ,1 7 3 ,0 0 0
To A ntw erp", p e r s te a m e r S c o ttis h K in g , 1 4 8 ..............................
148
T a k in g s b y s p in n e r s .. .b ale s
P h il a d e l p h ia —T o L iv e rp o o l, p e r s te a m e r P e n n la n d , 5 4 7 ..........
5 47
503
502
502-5
A v e ra g e w e ig h t o f b ales.Ib s
S an F r a n c is c o —T o J a p a n , p e r s te a m e r C ity o f R io do J a n e ir o ,
T a k in g s In ponndB ................... 2 3 1 ,6 2 2 ,0 0 0 3 0 7 ,8 3 6 ,0 0 0 5 8 9 ,4 5 8 ,0 0 0
8 0 0 ...............................................................................................................
800
S k a I s l a n d C o t t o n M o v e m e n t . — We have received t h i ’
Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
reoeipts for the week ending to-night (Dec. 10) and since
Sept. 1, 1897 , the stocks to-night, and the same items for the
corresponding periods of 1896, are as follows.
F o r 1896.
T a k in g s b y s p in n e r s ., .b a le s
A v e ra g e w e ig h t o f b a le s.Ib s.
T a k in g s in p o u n d s ...................
5 5 5 ,0 0 0
495
274.789.0O 0
6 7 4 ,0 0 0
• 480
3 2 3 .7 3 6 ,0 0 0
T o t a l............................. .................................................................................. 2 7 7 ,8 2 6
1 ,2 2 9 ,0 0 0
487
5 9 8 ,5 2 5 ,0 0 0
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
According to the above, the average weight of the delivem s the latest dates.
on
oL
o
7—S te m r L y
8 ,0
D
in Great Britain is 502 pounds per bale this season, against G a l v e s ta m —TA ra iv e rp,9o l—D ec.ec. 9 —Sate aem e reDd ennb, la n e 7 0 — 2 9ec, 8—
S te
er
ra , 7 0 0
D
u
, 1 0 ,4 .
495 pounds during the same time last season. Tne Coacineu a 1
To H a v r e —Deo. 2 —S te a m e r Z a n z ib a r, 8 .2 5 7 — D ec. 4 —S te a m e r
D u k e o f Y o rk , 7,8 0 1 ; S tr a i ts o f S u n d a , 7 ,3 4 3 .
deliveries average 503 pounds, against 431 pounds la9t year,
T o R o tte r d a m —D ec. 6—S te a m e r H ib e rn ia , 1,1 4 0 .
and for the whole of Europe the deliveries average 502'5
T o G e n o a —D ec. 2—S te a m e r B a ld e r to n , 3,131.
pounds per bale against 487 pounds last season. OnT o V e ra C ru z —D p c . 7 — S te a m e r A m ru m , 1,618.
dispatch also gives the full movement for this year and lai t N e w O r l e a n s —T o L iv e rp o o l—D ec. 3 —S te a m e r M o n tp e lie r, 9 ,1 0 0 —
D fc . 4 —S te a m e r C o sta R ic a n , 4 ,0 0 0 ; C u b a n , 6,4 0 0 ; M u sic ia n ,
year in bales of 500 pounds.
1 0 ,4 5 5 .
The comparison with last year is made more striking by
T o M a n c h e s te r —D ec. 7—S te a m e r V im e ira , 5,1 2 3 .
T o H a v r e —D ec. 6 —S te a m e r W 'ooler, 4,085.
bringing together the above totals and adding the averas e
T o D u n k irk —D ec. 8—S te a m e r B irc lito r, 5 ,2 7 9 .
weekly consumption up to this time for the two ye ir s .
'
To B re m e n —Dec. 8—S te a m e r A k a b a , 9 ,3 9 3 ___D ec. 9—S te a m e rs
Oct. 1 to Dec. 1.
S a le s o f 5 0 0 lbs. each.
000s o m itted .
1897.
18 9 6 . .
Great
B r ita in
C o n ti
n e n t.
Total.
Great
B rita in
S p in n e rs ’ sto c k O ot. 1
T a k in g s to D eo. 1........
31,
563,
25 6 .
616
287,
1,179.
24
549,
277.
301,
6 1 7 , 1,196,
S u p p ly ...........................
O on su in p t’D,8 w eek?..
594,
512
872,
672,
1,468,
1,184
573,
512,
924
656
S p in n e rs ’ sto c k D eo. 1
82.
200
282
61
268,
W eekly C o n su m p tio n
COs o m itted.
I n O c to b e r...............
_ I n N o v e m b er
6 4 ,0
6 4 ,0
8 4 ,0
84,0
1 4 8 ,0
1 4 8 .0
6 4 ,0
6 4 ,0
C o n ti
n e n t.
8 2 ,0
82 ,0
Tota
1,497,
1,168,
329,
146,0
1 46 0
The foregoing shows that the weekly consumption is now
148,000 bales of 500 pounds each, against 146,000 bales of like
weights at the corresponding time last year. The total
spinners’ stocks in Great Britain and on the Continent have
increased 103,000 bales during the month, and are now 42,000
hales less than at the same date last season.
A la v a , 9,684; I d a r , 11,750.
To H a m b u rg —D eo. 7 —S te a m e r H e lv e tia , 4 ,3 1 7 .
To R o tte rd a m —D ec. 3—S te a m e r P e n d a r v e s , 6 0 0 ___D ec.
S te a m e r T e u to n ic , 650.
T o A n tw e r p —D ec. 3 —S te a m e r C a ld y , 1,824.
To C o p e n h a g e n —D ec. 3 —S te a m e r L o u is ia n a , 700.
7—
Pensacola—To Liverpool—Dec. 7
—Steamer Serra, 3,467.
To B re m e n —D ec. 6 —S te a m e r Phoebe, 6,1 0 0 .
S a v a n n a h —T o L iv e rp o o l—D ec. 6—S te a m e r H ill c ra g , 8 ,3 4 3 u p la n d a n d
1 ,4 4 9 S e a Is la n d .
T o B re m e n —D e c. 7 —S te a m e r H a rro w , 6 ,850.
To B a r c e lo n a —D ec. 8—S te a m e r M a r tin S a e n z , 8,550.
C h a r l e s t o n —T o L iv e rp o o l—D ec 9 —S te a m e r C a s tle v e n tr y , 2 ,7 9 8 u p
la n d a n d 5 50 S e a I s la n d .
To B re m e n —D ec. 3 - S te a m e r W illo w d en e, 6 ,5 8 8 ___D ec. 4 —
S te a m e r A rd ris h a ig , S .0 0 0 .
P o r t R o y a l —T o L iv e r p o o l—D ec. 8—S te a m e r R a th o . 9 ,039.
W il m in g t o n —T o L iv e r p o o l—D ec 7 —S te a m e r O c ea n ic , 9 ,348.
To B re m e n —D ec. 4—S te a m e r O rm e sb y , 9,3 3 5 .
T o G h e n t—D ec. 4 —S te a m e r C o rin th ia , 3 ,814.
N o r f o l k —T o L iv e rp o o l—D ec. 3 —S te a m e r P in n e r’s P o in t, 7,141.
T o H a m b u r g —D ec. 8 - S te a m e r R lia e tia , 2 ,0 0 0 .
N e w p o r t N e w s —T o L iv e rp o o l—Deo. 4 —S te a m e r K a n a w h a , 300.
B o st o n —T o L iv e rp o o l—D ec. 3 —S te a m e r SyL vania, 9 6 2 ___D ec. 6—
S te a m e r S a c h em , 5 4 4 ........D eo. 7—S te a m e r V ic to ria n , 8 .2 7 0 .........
D e c. 8—S te a m e r C a n a d a , 2,932.
To Y a rm o u th —D oc. 6 - S t e a m e r B o sto n , 6 8 . . ...D e c . 8—S te a m e r
P r in c e E d w a rd , 71.
B a l t im o r e —T o L iv e rp o o l—D ec. 2—S te a m e r lk b a l, 1,5 4 5 .
To L e ith —D ec. 6—S te a m e r D a g o , 600.
To H a v re —D ec. 6—S te a m e r W e s th a ll, 800.
To B re m e n —D ec. 4 —S te a m e r E lle n R ic k m e rs, 3 ,5 0 4 .. ..D e c . 8—
S te a m e r B o n n , 3,861.
To A n tw e r p —D ec. 1—S te a m e r N o rs e K in g , 51.
P h il a d e l p h ia —T o L iv e rp o o l—D ec. 3 —S te a m e r V /a e sla u d . 800.
S an F r a n c is c o —To J a p a n —D ec. 7 —S te a m e r G dfiie, 2,160.
S h i p p i n g ) N e w s .— The exports o f cotton f r o m the United
States the past week, as per latest mail returns, have reached
277,336 bales. So far as the Southern ports are concerned these
are the same exports reported by telegraph and published in
the C h r o n i c l e last Friday. W ith regard to New York we
Cotton freights at New York the past week, have been
include the manifests of all vessels cleared up to Thursday. as follows.
THE CHRONICLE
D ecember 11, 1897, J
M on.
S a tu r .
L iv erp o o l,a sk e d .cf.
H a v r e ................... ,e.
Al.
B r e m e n ........
H a m b u r g ........... .d .
A m s te r d a m ........
R e r a i , v . n a m b .tf .
D o v. H u ll.. .d .
R o t t e r d a m ........ ,d .
G e n o a ..................
T r ie s te ................. Al.
A n t w e r p .. , ........ , ii.
G h e n t,v .A n tw 'p .ri.
i3«i
t C e n ts n e t p e r 1 0 0 lb s .
5,*2
351
351
3 0f
351
48*
481
391 .
40t
75$2
1!(U
1% .
5sa
351
35 i
301
351
481
481
391
401
732
i ! 84
13,,
532
351
35t
301
351
481
481
391
40 f
%3
»l t4
1% ,
351
351
sat
351
431
481
391
401
■S
*2
1I {<
WetLies. T h u r s .
T u es.
“33
351
35'
301
351
481
48>
39f
40t
n {<
F r i.
“33
331
35i
30 f
35t
481
481
39t
40 f
733
%
1364
L iv e r p o o l .— B y c a b le f r o m L iv e rp o o l w e h a v e t h e f o l l o w
i n g s t a t e m e n t o f t h e w e e k 's s a l e s , s t o c k s , & e . , a t t h a t p o r t .
N op. 19.
X oo. 26.
7 2 .0 0 0
2 .5 0 0
1,0 0 0
6 7 .0 0 0
9 .0 0 0
8 1.0 0 0
5 0 5 ,0 0 0 ,
4 1 1.0 0 0
1 6 7 ,0 0 0 J
1 4 3 .0 0 0 1
3**4,0001
3 5 2 .0 0 0
S a le s o f ib e w e e k ..........h a le a .
O f w h ic h e x p o r te r s t o o k . . .
O f w hich j»jweuIatoris to o k .
D ez. 3 ,
0 1 ,0 0 0
2 ,1 0 0
1 ,0 0 0
5 8 ,0 0 0
6 ,0 0 0
8 1 ,0 0 0
563,004)
4 0 5 ,0 0 0
1 4 5 ,0 0 0
1 2 7 ,0 0 0
6 3 .0 0 0
2 ,6 0 0
8 ,5 0 0
5 9 .0 0 0
5 ,0 0 0
6 5 .0 0 0
59 -i.OOO
4 9 1 ,0 0 0 ,
1 0 0 ,0 0 0
8 8 .0 0 0
4 1 5 .0 0 0
4 1 3 .0 0 0
Dec. 10.
8 9 ,0 0 0
3 ,0 0 0
1 ,3 0 0
6 4 ,0 0 0
1 1 ,0 0 0
7 6 ,0 0 0
6 6 5 ,0 0 0
5 6 1 ,0 0 0
1 6 0 ,0 0 0
1 4 1 ,0 0 0
4 0 3 ,0 0 0
4 0 0 ,0 0 0
1133
ing the day prices declined under less anxiety shown by
shorts to cover contracts and the close was at a loss of JgC.
for the day. The spot market was quiet. The export sales
for the day were £4,C O bushels No. 3 red winter and No, 2
O
hard winter, but the terms were kept private.
c n o s u m f k ic e s o p
Sat.
D e c e m b e r d e l i v e r y . . -,-C. 96
J a n u a r y d e liv e ry . . . . ..e . 96
M ay d e liv e r y ...............
9 21i
d a il y
ho.
2 b e d w ih t e b w h e a t .
M on, Tues.
Wed,. T h u r s.
95%
96%
97%
98%
95%
97%
98%
96%
94%
91%
93%
92%
F r i.
97%
97%
93%
The speculative dealings in the market for Indian corn
futures have been quiet, and at the opening of the week prices
eased off a fraction. Subsequently, however, large export
purchases by the Continent and sympathy with the upward
turn to wheat values stimulated buying by nervous shorts to
cover contracts, and prices advanced. ^To-day there was a
quiet but steady market, the changes in prices for the day
being slight, The spot market closed less active. The export
sales reported were 92,001 bushels No. 2 mixed at 34}^@ 38'4 e.
f. o. b. afloat, as to time of delivery.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sal.
M on.
I lies. W ed. T h u r s.
F r i.
D e c e m b e r d e liv e r y .........e. 30%
30%
31
31%
31%
31%
J a n u a r y d e liv e r y ............o..............
31%
.......................................................
M ay d e liv e r y ......................c. 33 %
33%
33 %
33%
34
33%
Oats for future delivery have been quiet, bnt for the week
prices show a moderate advance. There have been no new de
velopments,but the sympathy with therise in prices for wheat
and corn has given the market increased tone and stimulated
buying by shorts to cover contracts. Exporters have con
3 5 7 ,0 0 0
O f w h ic h A m e r i c a n .. . ........ .
tinued fair buyers at the advance in prices, To-day the mar
The tone of the Liverpool m arket for spots and futures ket was steady and closed fractionally higher. The spot
each day of fcha week ending Dec. 10 and the daily closing market was quiet for the day. The export sales were 31,003
prices of spot cotton, have been as follows.
bushels. No 2 mixed sold at 27'.,@27)^0. in elevator and No.
2 whits at Sip, in elevator.
T o ta l a to e k —E s tim a te d .------O f w hich A u e r le a n ™E a t ru’d
T o ta l Im iw r i o f t h e w e e k . . . .
O f w h ic h A m e r ic a n ..............
Spot.
SaP day.
M a rk e t, 1 H a rd e n ^
1 :45 r . M.$ tendency
M id. U p l’ds.
S a le s .............
Spec. * exp.
M o n d a y . T u e sd a y. Wed?d a y . T hursday F r id a y .
Fair
business
doing.
Q uieter.
,
li*MXi j
business
Easier.
doing.
3%
3%
3";u
3% ,
1 0 .0 0 0
1,000
10,0 0 0
1,0 0 0
1 0 ,0 0 0
1 ,0 0 0
1 2 ,0 0 0
1 000
Steady.
Easy a t
l-»H de
cline.
Q uiet at* Q uiet a t
partially . purl i.i ii >
i 61 a d r. l-tf l dee.
3%
7 ,0 0 0
500
F u tu re -,.
lnM a r k e t, t DullI fA at Qoi«( a t
partially
iU!? f
1 :4 5 r . M. [ 4-6 l adr. 1-64 <lcc.
M a r k e t, (
4. r . «
j
Fair
bn sinus*
doifiif.
Barely
ItM d f.
Quiet.
3*16
1 2 ,0 0 0
1,000
i Irregular, Quiet buti| Steady.
stead y .
Quiet.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
s » t.
Dee, 10,
D ecem ber - .
D ec. J a n . . . .
J a n . F e b ....
F e b . M ob*...
M ch -A p ril..
4v i4 1 -M ay ..,
Mu y -Ju n e .
J u L 6- J u ly ...
J u ly - A uk . . .
Amr.-Be p t , .
S e p t.- O c t...
Oct.* N o v ..*
H on.
T il,,.
W ed.
T U iira .
F ri,
12% i 1:45 4 1:45; 4 1:45- 4 11:45 4 1:45 ( 4
p. w. *. M. p . M. V. *1. P. X. P.X . P. X. r . M. P. M. P.M. P. M. P.M.
1 d,
3 12
J 1t
3 11
3 11
3 ii
3 12
3 It
3 15
3 16
3 17
3 17
3 18
B
d.
3 12
3 11
3 11
3 11
?. IJ
3 12
3 14
3 15
3 16
3 17
3 17
3 18
R
d.
d.
3 11 3 10
1 10 3 o a
3 10 3 Of*
3 10 3 0 0
3 10 3 10
3 1 1 3 11
<13 3 12
3 14 3 13
31** 3 H
3 16 3 l '
3 17 3 16
3 17 3 17
E
A
D
d.
d.
d.
d.
11 3 1 1 3 09 3 09
10 3 10 3 09 3 08
10 3 1 0 3 08 3 08
10 3 10 3 09 3 09
10 3 1 1 3 09 3 0 9
11j(8 12; 3 10 [3 10
13t 3 13 3 12 3 12
M i 3 15 u 13 3 13
15► I f <3 14 3 14
3
16t 3 17 '3 1-' 3 15
17? 3 l? [3 18 3 15
t « i 3 18 13 17 3 17
3
3
3
3
3
3
3
3
3
3
3
3
S
.
3
3
3
3
3
3
3
3
3
3
3
3
T
U
F
F
S
d
d.
d.
d.
09 Z 08 3 0 7 3 08
3 07 3 08
08 3 08
08 3 03 3 0 7 3 08
0913 03 3 0 8 3 08
09 3 09 3 OS 3 09
10 3 1 0 3 0 9 3 \ 0
12 3 1 1 3 11 3 11
13 3 12 3 12 3 12
1 4 3 l i 3 1 3 3 14
15 3 15*3 1413 15
16 3 16 3 15 3 1 7 ‘3 16 3 1 6 3 16
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Tues.
S a t.
M on.
Wed.
T h u rs.
261,
26%
26%
27
26k
27
27%
27%
27%
27%
27%
27%
27%
27*3
27%
D e c e m b e r d e liv e r y .. ... e .
F e b r u a r y d e liv e r y ... . .. c .
M ay d ell v e ry ...............
F r i.
27%
27%
27%
Rye has been in moderate export demand and firmer.
Feeding stock of barley has been sparingly offered and prices
have advanced. Malting has been quiet.
The following are closing quotations:
FLOUR.
P a te n t, W in te r........$ 4 8 0 » 5 10
F i n e ................................... ? 2 75® 2 9 0
S u p e rfin e .......................... 3 0 0it 3 10
C ity m ills, e x tr a s
5 50
Rye. H our, s u p e r lin e 2 7 0 ® 3 25
E x tr a , N o . 2 .................. 3 50 ®3 75
E x tra , No. 1 .................. 3 40■»4 10
B u c k w h e a tn o tu - ... 1 4 0 @ 1 5 0
C le a rs ..... ................ 4 15 •®4 50
C o m m e a l—
W e s te rn , e tc .......... IS O ® 1 85
H rra lg b ta ......................... 4 40 it 5 00
30
P a te n t, S p r in g ........ 5 10
B r a n d y w i n e ........
1 90
[ W h e a th o u r In s a c k s s e lls at, p ric e s b e lo w th o s e lo r b a rre ls .
GA .
R IN
W h ea t—
0.
c.
n a n lD u l u t h .N o .i . 1 0 2 % a 101%
R ed W in te r, N o. 2. 0 7 s- >'■ 93%
■
H a rd W ln te r,N o .2 . 9 8 it 0 7 *
N o rth e rn , No. 1 . . . 100% ® 102%
O a ts —M ix 'd ,p e r b s h , 2 6 V # 28%
W h ite ..................... - 28 i t 35
N o. 2 m ix e d ............ 2 7 % # 28%
No. 2 w h ite ............. 3 0 @ 31
C om , p e r b o sh —
o.
o.
W e s te rn m ix e d .............31 %
No. 2 mixed............. 32%»36%
W este rn Y ello w ........... 32% @ 35
W e s te rn W h ite ............. 3 2 si@35
R yeW este rn , p e r b u s h ___5 0 % # 5 5 %
S ta te a n d J e r s e y ......... 5 1 @55
B a rle y —W e s t e r n ............4 2 @53
F e e d in g ...........................3 5 @36
The movement of breadstuffs to market as indicated in the
statemer ts below is prepared by us from the figures of the
New York Produce Exchange. The receipts at Western lake
and river ports for the week ending Dec. 4, and since Aug.
1, for each of the last three vears. have been as follows:
Receipts a t—
Chicago ... ..
Milwaukee
Corn.
Oats.
W heat*
Rye.
Flour.
Barley.
BIAS,1M lbs BushJiOlbs B ushM lbs B u sh.m bs BushJSlbs Bu 58 lb8.
076,700 2*050.878 3,030*850
480,098
66,5-24
105,098
882,000
U 1,700
249.800
94,250
242,400
52,£00
09,764
08.242
46,701
4,760 1,068,608
117,000
170*800
308,830
l.d is 2.010,620
21,758
188,2ee
100,807
6,418
3,U i
60,750
40,436
30,425
37,275
38,743
7,200
182,516
192,57a
109,640
1,265
228,053 1,103,125
98,130
70,521
18*918
10JC5
827,100
95,000
243,400
2,400
3,000
5.400
52,000
422,500
303,eco
D u lu th .......
December 10, 1897,
There has been a fairly active and firmer market for wheal MinneapolisHour reflecting the upward torn to values for the grain. D e tro it........
The home trade buyers have made fair purchases, particularly Cleveland ...
of spring-wheat flour, and have paid prices, although at the St. Louis . ..
extreme advanced asked by the mills at the close few sales P e o ria -----have been made. W inter wheat flour has had only a mod Kansas City.
erate sale, hut higher prices have been paid. The export T ot wk.’d7.
270,718
201,408 0,401.022 4.005,736 4,349,921 1,045,042
business has been moderately active. Rye flour has had a Same wk.'SW.
107,030
254,007 8,233,184 2,020,270 2,298,482 1,080.982
moderate sale and closed firm. Buckwheat flour has been in Same wk.’95.
258,012 6,707,711 2,102,380 2,404,910 1,164,833 ; 74,302
only iitnited demand, bnt values have held steady. Corn Since .-luo. 1.
meal h , had u fair sale and prices have advanced.
1,189,375 120,30^023 98,031,049 79,409,948 19,820,706 ,5,985,720
135)7..............
T ier t -13 been a moderately active speculation in the local 1800............... 5,675,853 08,050,420 03,032,168 74,49-1,778 20,953,344 8*850,907
market f >r wheat futures, and prices have advanced, follow 1806............... 5,842,«S1 114.3-0.402! 42,608,221 60.273,842 80,4;c.7i>0 1.888,427
ing tue Western market, where buying by December shorts
The receipts of flour and grain at the seaboard ports for the
b> cover their contracts was forcing prices rapidly upward. week ended Dec, 4, 1897, follows:
At the opening of the week prices eased off a fraction on
Rye,
Oats,
Barley.
Flo u r, Wheat,
Corn,
bush.
bush.
bush.
Recrtpt* at—
bbte.
bmh.
bush.
large world's shipments of wheat, easier foreign advices and New Y ork.................. 174,750 1,640,125 63?,476 1,638,000 384,275 140,100
a continued f u l l movement of the crop in the Northwest. Boston............................58,813 m , m ) 67,063 266,106 11,657
147,100
"3,475
39.7X0
...................... 13,695
~ut ‘.-jii* i|i.ly the sqneeae in December contracts at the West M o n tre a l.................. 8,300
F’liiiis'D’
iu ...........
537,313
developed, and this, together with a material falling B altim .oi'th................ 03,771 166.0.1.6 913,414 467,166 63,795 181,712
210,404
14,687
re
487,08-1
4.612
700
R ichm
3,673
18,383
5,114
off in the spring-wheat crop movment and an unex New O ond................ 1.1,136 458,775 641,130 63,055
rleans*.........
pected decrease m the world’s visible supply, stimulated Newport News........ 11,000
220,000
*06,000
M o b ile ....................................
35,000
176.7 U
haying by nervous shorts to cover contracts and prices (iftlveston...........................
1,000
200,76950,200 11.800
steadily advanced. At the higher prices the export business P o rtla n d ,M e . . . . . . . 3,571
67,481
485
33,372
34,400
showed a falling off, as the limits of shippers were generally
478,504
882,9.87
Total w e e k ...... 470,071 3*173,801 3,211.712 3,091,724
too low to admit of trading. A report circulated on Tues Week 1800................ 483,327 1,541,455 2,148.400 1,522,018 853,916 163,379
’ Receipts do n o t Include grain passing through New lOrieana fo r foreign
d a y that the bull clique operating at Chicago had engaged
freight room at Boston for the export shipment of 1,501.009 ports on thro u g h bills of lading.
Total receipts at ports from Jan. 1 to Dec. i. compare as
bushels of wheat during January and February received
.much attention. To-day the market opened steady, but dur follows for four years:
F r id a y ,
THE CHRONICLE
1134
1895.
10,380,891
64,972,142
.buah. 98,906,815
1894.
10,046,938
4fl,14Q.978
1890.
11,502,314
1897.
.bbls 23,802*280
Receipt* of—
55,417,679
39,830,177
42,074,314
4.315.397
550,812
but sales are limited. Dress goods show an improving de
mand and a firm tone.
D o m e s t i c C o t t o n G o o d s .— The exports of cotton g o o d s
from this port for the week ending Dec. 6 were 2,524
packages, valuer, at $106,148, their destination being t o , the
points specified in the tables below :
52,488,277
90,005,080
“
Corn................. “ 175,159,188
09,22^,134
41,294,246
88,457,489
3,009,937
11,623,462
12,210,310
Barley............... " 10,775,340
513,532
5,842,840
Rye.................. "
142.194,379
144,414,970
<
Total grain.... % 385.509.154 242,207,564
The exports from the several seaboard ports for ' he w
ending Dec. 4, 1897, are shown in the annexed statem ent:
Oato . ..................
Wheat,
Exports from— bush.
Corn,
bush.
New \ ork ... l,22-<,709 1,113.453
Boston. ...... 190.650
89,309
P o rtla n d ........ 32,372
34.400
Philadelphia.. 312,373 795,139
Baltimore...... ?O0,f09 1,407,690
New Orleans.. 034.357 427,903
Norfolk............................................
Newp’r t News ...........
171,000
Montreal............................
G alvesto n . .. . 189.400
Mobile............
25,000
02,473
175.714
Total w’k.. .3,319,430 4,281,930
Sam etU ne’90.1,005,404 2,116,812
R ye,
Oaf a,
.Flour,
bush.
bush.
bbls.
139.129 1.279.408 170,984
45.729
90.000
3.571
67,481
34.826 596,612
99.029 160,153 179,998
21,040
8,739
1 1 ,0 0 0
Peas,
bush.
12,390
50,214
4,800
Barley,
bush.
101,980
9,450
495
1,006
342,089 2,440,724
280,4 L 724.907
8
410,982
233,354
G r e a t B r i t a i n .............................
O th e r E u r o p e a n .......................
07.410 P 2.040
15,985 399,098
D oited kingdom
C ontinen t...........
Brit. N. A. Col’s.
O ther countries..
-W h ea t.Week Since Sept,
Week Since Sept. Week Since Sept.
1. 1897.
Dec. 4.
Dec. 4. 1, 1897.
Dec. 4.
1,1897.
bush.
bush.
bush.
bbls.
b-ush.
bbla.
1.774.331 25,941.322 2.217.154 21,"07,074
207,mi 7 2.528,089
427,301 1,515,105 20,248.011 2,007,478 19,037,687
27,788
78.499
770
694,810
323.805
13,561
400.N3
55,484
19,859
272,979
131.268
1 ,1 0 0
65,471
I2,*3i
48,263
76,638
100,306
150
T otal
....... ... 342.089
T otal 1890.... .. 280,418
3,694,283 3,319,4S0"*4fl,984,485 4,281 986 41,429.234
3,674,509 1,065,404 21,887,523 2,116,812 37.3i 0,601
of grain, comprising the s t o c k s i n
The visible supply
granary at the principal points of accumulation a t lake and
seaboard ports, Dec. 4,1897, was as follows:
B uffalo.......................
Oo
aflo a t.......
C h ic aa o .....................
Oats
bush
3,847.000
690.000
50,000
402,000
Rye.
bush,
035.000
33,000
1,939,000
Corn,
bush
8,937.000
318,000
125,000
1,508,000
170,000
Barley
bush.
395.000
338.000
70.00C
1,333,00b
6,014,000
17,764,000
1,769,000
017,000
865,000
140,000
In store a t—
New Y ork..................
178,000
77,000
2 1 ,0 0 0
47,000
1,034,000
873,000
‘ 05,000
9
476,000
719,000
372,000
26,000
7,000
33,000
82,000
639,000
139,000
61,000
13,000
41.000
143.000
2
‘ 3.000
72.000
31,000
60,000
28,001
Wheat.
4,273.000
257,000
Do
a flo a t.......
D u lu th ....................... 2,032,000
Do
a flo a t.......
203,000
Toledo........................
Do
aflo at........
D e tro it.......................
2 2 1 ,0 0 0
Do
aflo at........
1 0 .0 0 0
Oswegc*...................
2,004,°nn
8 t Louis...................
50.000
Do
afloat........
C incinnati..................
9.000
B oston............... .
239.000
36.000
Toronto......................
M ontreal.....................
78.000
806.0nn
Philadelphia.............
4,000
P eoria.............. ..........
180,000
Indian ap o lis.............
Kansas C ity...............
716.000
B altim ore.................. 1.29«.000
Minneapolis.............. 10,534.096
105,000
On Mississippi R iver
On L akes................... 3,202.000
17,000
On canal a n d riv e r..
Total Dec. 4.1897.34,820,000
Total Nov.27, 1897.33.056,000
Total Dec. 8 , 1890.56,312.000
Total Dec. 7,1895.63,780.000
T otal Dec. 8 . 1864.85.978,000
8 6 ,0 0 0
1 0 0 ,0 0 0
2 1 1 2 ,0 0 0
,
8 ,0 0 0
853,000
6 .0 0 0
85.000
540.000
833.000
104.000
391.000
303,000
1,520.000
1 ,0 0 0
2,326,000
261,000
309,000
139.000
1 0 1 ,0 0 0
64.000
2^9,000
3,222,000
5,000
2.218.000
127,000
39.950,000 15,407,000
42.058,000 ] 5,201.000
17,406,000 12,297,000
6,207,000
0 ,0 1 1 , 0 0 0
0,600.000
9.146.000
8 ,0 0 0
1 ,0 0 0
78,000
392,000
130,000
49,000
320,000
811,000
49,000
3,553.000
3,003,000
2,4*4,000
1,451,000
453.000
4,750.0( 0
5,^9 1.< *»o
4,834,00 0
4.754.0CO
3,58 J,0t0
G O O D S
3 ,3 4 6
2 ,6 6 0
9 7 ,4 7 1
5 ,5 6 2
3 0 ,4 1 7
1 5 ,3 2 7
1 2 ,4 3 9
2 ,5 3 0
9 ,5 1 2
4 8 ,1 5 2
3 ,9 4 6
T o t a l ......................................
C h in a , v ia V a n c o u v e r* ___
2,5 2 4
2 4 1 ,7 2 8
1 6 ,1 6 6
6 ,2 3 3
2 3 1 ,3 6 2
3 8 ,5 9 5
T o t a l ......................................
2 ,5 2 4
2 5 7 ,8 9 4
6.2 3 3
2 6 9 ,9 5 7
The value of the New York exports for the year to date
has been $9,505,0.6 in 1897 against $>0,210,031 in 1896.
Sellers of brown sheetings and drills are quite as easy to
deal with as before, but there has been more buying on the
part <f converters and jobbers and more inquiry from the
exporting trade. In brown osnaburgs and ducks a limited
demand is readily met. Low-grade bleached cottons have
sold somewhat more freely at prices moving in favor of buy
ers, but in medium and fine grades business has been light,
and is likely to continue so until new prices are named on
such tickets as Lonsdale and “ Fruit of the Loom.” Business
in coarse colored cottons is irregular and generally at decidedly
low prices. Kid-finished cambrics rule weak, but some fairsized transactions are reported. Wide sheetings, cotton flan
nels and blankets and quilts are all without change. A mod
erate demand is noted for staple prints without further
change in prices. Fancy calicoes and fine printed specialties
in fair request for spring. Fine ginghams also selling
steadily for next season. Staple ginghams quiet and easy.
Print cloths close film at 2I^c. for extras, but no sales of
these reported. There has been a fair business in odd goods
at previous prices.
18 9 6 .
Dec. 5.
4 1 4 ,0 0 0
8 9 5 ,0 0 0
9 3 8 ,0 0 0
18 9 5 .
Deo. 7.
1 0 6 ,0 0 0
7 7 .0 0 0
7 9 .0 0 0
18 9 4 .
D ec. 8
4 0 .0 0 0
3 1 ,0 0 a
8 2 .0 0 0
T o ta l s to c k ( p ie c e s )....2 ,1 0 1 ,0 0 0 2 ,2 4 7 ,0 0 0
F o r e i g n D r y G o o d s . —Conditions in
2 6 2 ,0 0 0
1 5 3 ,0 0 0
Sloctc o f P r in t C loths—
A t P r o v id e n c e , 6 4 s q u a re s .
A t F a ll R iv e r, 6 4 s q u a r e s .
A t F a l l R iv e r, o d d s iz e s ...
1897.
Dec. 4.
4 6 5 .0 0 0
8 0 2 .0 0 0
8 3 4 .0 0 0
the market for for
eign merchandise are without change. The demand for sea
sonable lines is perfunctory and prices irregular. Orders for
spring continue moderate in all leading divisions and w ith
out special feature.
I m p o r ta tlo n o a u d W a re h o u s e W ith d r a w a ls o fD rir G o o d e
1
4
PH
to
P-g-
2 C
3
g. © 2
: g rp
P. o
13
H
3-^
't o 2 p —
SB
ig l
| go 2 » o ^ g
-
a2
§S
si
■§£
T R A D E
W o o l e n G o o d s .— T h e w e a t h e r c o n t i n u e s a d v e r s e t o t h e
w o o le n g o o d s in te r e s ts , c h e c k in g t h e m o v e m e n t o f r e t a i l
s to c k s o f h e a v y g o o d s, in te r f e r in g w ith th e o p e n in g o f th e
s p rin g sea so n w ith w h o le s a le c lo th ie r s a n d k e e p in g b a c k th e
s u p p l e m e n t a r y d e m a n d f o r p ie c e g o o d s i n t h e p r i m a r y m a r
k e t, T h e r e h a s b e e n so m e r e o r d e r in g o f li g h t w e ig h t t r o u s
e rin g s a n d s u itin g s th is w e e k , b n t i t h a s b e e n o f a s p ir itle s s
c h a r a c te r a n d th e w h o le m a r k e t h a s c o n tin u e d d e c id e d ly in
a c tiv e . T h e to n e , h o w e v e r , c o n tin u e s firm a n d p r ic e s a r e
g e n e r a lly w e ll m a in ta in e d in b o th s ta p le a n d f a n c y lin e s .
S o m e b u s in e s s is d o in g in n e w h e a v y - w e ig t ts f o r n e x t
f a ll, b u t so f e w lin e s a r e o p e n to b u y e r s t h a t i t c a n
h a r d ly b e re g a rd e d ns o f a r e lia b le c h a r a c te r . T b e o v e r
c o a t i n g d e m a n d is i n d i f f e i e n t a n d c l o a k i n g s h a v e r u l e d
q u ite in a c tiv t. F la n n e ls a n d b la n k e ts a re s te a d y in p ric e ,
44
26
3 ,9 2 4
4
545
37
2 95
21
23 9
1,0 4 3
55
3 51
.
N ew York, F riday, P. M., Dec. 10, 1897.
The condition of the print cloth market has forced the Fall
River manufacturers to take action, and this week they de
cided to reduce wages at the end of the year, probably about
ten per cent. If the operatives acquiesce, this is hardly likely
to improve the situation from a market point of view, but
should the decision lead to a strike it cannot fail to have a
strengthening influence generally. Meanwhile print cloths
are inactive, and although there has been more business
doing in other plain cotton goods than of late
the
demand
is
still
far
from
invigorating,
and with abundant stocks on hand it is still
readily met at very irregular prices. There has not been auy
movement yet in the prices of leading makes of bleached cot
tons, and this is undoubtedly keeping some would-be buyers
in a state of inactivity. Business in special lines of cotton
goods for spring continues relatively good and spring pros
pects are, so far as this is an indication, encouraging. The
weather is against the retail and jobbing business here, but
from other markets reports are fair to g od. There has been
no material change in the condition of the market for woolen
goods. Collections fairly good.
4 ,1 5 1
3 ,0 3 0
10 4 ,7 4 4
1 5 ,765
2 2 ,3 9 6
1 9 ,3 0 0
1 4 ,3 6 9
3 ,1 6 2
7 ,2 2 3
4 2 ,7 5 7
4 ,8 3 1
1,171
410
51
39
2 30
121
ig
D R Y
146
5
I n d i a ..............................................
*Last week's stocks; this week’s not received.
T H E
1896.
W eek. S in c e J a n . 1.
A f r i c a ............................................
W e s t I n d ie s ................................
M e x ic o ........................................
C e n t r a l A m e ric a .......................
S o u th A m e ric a .........................
O th e r C o u n tr ie s ..................... .
The destination of these exports for the week and since
September 1, 1896, is as below.
Exports for
1897.
W eek. S in c e J a n . 1.
N e w Y o r k to d e c . 6.
10,116
............
60,000
2 2 0 ,0 0 0
[VOL. LXV
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THE CH&ONICLE
D ecember 11 134(7. j
S
tate
and
]135
County, Col.—Warrant
C ity D e t a h t m e t j i t , ; 3, Rio Grande Louis “ Globe-Democrat”Litigation.—On Dec.
1897, the St.
stated that a trans
cript in the case of E. H. Rollins & Sons. Boston, against the
Board of County Commissioners of Rio Grande County, Col.,
tried in the United States Circuit Court of Colorado, was
T h e I n v e s t o r s ' S u p p l e m e n t w i l l b e f u r n i s h e d without filed in the Federal Court of Appeals the day before. The
extra charge t o e v e r y a n n u a l s u b s c r i b e r o f t h e C o m m e r c i a l plaintiff sues to recover nearly $15,000 (principal and interest)
that he claims is due him on warrants issued by the county.
a n d F in a n c ia l C h r o n ic l e .
T h e S t a t e a n d C i t y S u p p l e m e n t w i l l a l s o b e f u r n i s h e d The defendant demurred to the petition, claiming that the
causes in the petition had accrued more than six years prior
w i t h o u ‘ extra charge t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e .
The S t r e e t R a i l w a y S u p p l e m e n t w i l l l i k e w i s e b e f u r to the time the action was brought. The Lower Court gave
rushed without extra charge to e v e r y s u b s c r i b e r of t h e j a verdict for the defendant.
Tennessee.—Money fo r Interest.—It is stated that Treas
C h r o n ic l e .
The Q u o t a t i o n S u p p l e m e n t , issued monthly, will also be urer E. B. Craig will shortly negotiate a loan of $2 -0,000 for
furnished without extra charge to every subscriber of the the payment of interest oh State debt due January, 1898.
The State has already borrowed $-500,001 this year.
C h r o n ic l e
*
TERMS for the C h r o n i c l e with the f o u r Supplements
Texas City, Texas.—Town Sold at Auction.—On December
above named are Ten Dollars w ithin the U nited States and 6, 1897, this town, which was started about tbrfee years ago
Twelve Dollars in Europe, which in both cases includes as a commercial metropolis by a syndicate of cap talists, was
postage.
________
sold at public auction to J. L. Greatsinger, Duluth, Minn.,
for $90,000. It is stated that the town contains a fine hotel,
Terms of A dvertising—(P e r inch space.)
several large store buildings and some fine residences.
T r a n s ie n t m a t t e r ( l t i m e ) .. S3 5 0 T h r e e M o n th s 113 t i m e s ) . .$ 2 5 0 0
Toledo, Ohio.—Payment o f L oan.—On December 4, 1897,
ncst.N Ess Ca b o *.
S ix m o u th s
(2 6 tim e s ) .. 4 3 0 0
T w o m o n th s (8 tim e s )........... 18 0 0 | T w e lv e M o n th s (52 tim e s ) . 58 0 0 the Ways and Means Committee passed a resolution author
izing the payment out of the general fund of $33.47490 loaned
the city by the Second National Bank for the payment of
Brooklyn. X. Y,—Gravesend'* Bondi leg a l.—On November back salaries of patrolmen.
80, 18)7, the Coart of Appeals reversed the decision of the
Delaware.—Bond Cab.—State Treasurer W. M. Ro3s has
Appellate Division, in the case of Michael J. Dady, con called for payment at th) Farmers’ Bank of the State of
tractor, against the Citv of Brooklyn, for compensation for Delaware, Wilmington, January 1, 1898, bonds Nos. 1 to 75,
the work of grading Neptune Avenue, In the old town of inclusive, of the issue of July 1, 1831. Interest will cease on
Gravesend. The contract was transferred to Mr. Dady : the above date.
upon the death of John Cnrran, the original contractor, and
Denver, Col.—Warrant Call.—Paul .J. Sours, Treasurer,
the Supervisor of Gravesend refused to issue bonds for pay ha* called for payment 1) -comber 81, 1897 (at which date in
ment of the work on the ground th at the resolution author terest will cease), the following warrants of East Denver
ising the transfer was improperly drawn. These objections Side-Walk District No. 2: W arrants Nos. 168 to 173 inclu
were overruled by Justice Gaynor in the lower court, but the sive, 178, 179, 224 to 226 inc,, 239 to 233 ine., 262 to 265 inc.,
Appellate Division reversed this decision on the ground that 275 to 278 inc., 291 to 30! inc., 307, 317, 818. 43 > 434 to 437
,
the Board of Supervisors had no authority to issne the b mds inc., 460 to 462 inc., 500 to 502inc., 505, 525,526, 537, 563,579,
in question. The case was appealed with the above result.
58 i, 58', 589, 591 to 594 inc., 610 to 013 inc., 619 to 623 inc.,
Decatur (Town) (5a.—Application fo r a City Chart r.— I 747 and 863.
A bill has been introduced in the Georgia Legislature amend
D istrict
December 31,1897,
ing the Charter of D rcatar so as to change it from a town to the United of Columbia.—Bond Call.—On 3 ;0,100
States Treasurer will redeem $
fund
a city.
ing bonds of the District of Colombia. Bonds were issued
Dickson, Tean.—Election.—An election will be held Dec. under Act of Congress approved March 3, 189 l.
17, 185)7. to vote on incorporating this town.
Missouri.—Bon l Call.—The State Board of Funding Com
El Paso, Tpx.—School and Sneer B m l Taxes Invalid .— missioners h is called for payment December 31, 1897, at the
The St. Look “Globe-Democrat" contained (he following American Exchange N itioaal Bank, New York City, four
dispatch from El Paso, dated December 1, 1897 : “ The de hundred $I,<h0 bonds, Nos. 2 Oi to 2500 inclusive. "Bonds
clston of the Fourth Court of Civil Appeals rendered to day were issued in 1897 and mature 20 years from date of issue
in the case of T. H, Conkling vs. the City of El Paso de subject to call after 5 years. They bear interest at 3-05
d ares invalid the pnblic school and sewer bonds tax, and
Warren County, Miss.—B aid Redemption.—The county
threatens to close El Paso's schools until the evil can be will
remedied. It appears that the City Conncil proceeded in an way retire the balance of $15,590 Gulf & Ship Island Rail
bonds, which mature shortly.
illegal way t >assume charge of the public schools and to
issue school bonds in 18'3
Fowler, Ind.—Injunction Suit.—Local press reports state
th at J. M. Richie has filed an injunction suit against the ’ B o n d P r o p o s a l s a n d N e g o t i a t i o n s t h i s
town of Fowler to prevent the issuance o' any more bonds. week have been as follows:
The town has an indebtedness of about $56,0)0.
Adams, Muss.—B id s—Following are the bids received for
Galveston, Tex .—Opposition to Bond Issue.—A meeting of
the tax-payers was held November 29.1897, to protest against the $20,000 iv notes awarded, as stated in the ChroSicle last
the contemplated issue of $390,000 sewer bonds. These week, to Parkinson & Burr, Boston, at 103-217.
bonds are part of the $60 >,0f)) bonds authorized by legisla Pflrk)n«oij A Burr, B •stri!..*..103*217 Adams k Co., B oston................ l r'2*5C2
,t
Hollins & o
tuie. It is stated that the Taxpayers'Association will in Blake I-urkor& cr..„ Beat n. ...... l».»2*-s *75 !iE. H. A. Fern&ldS& n s ..................102-53
Bro*.
...
. ...lO i’dlf
Geo.
Co., B oston.102*51
stitute injunction proceedings, seeking to restrain the city Bk'.lifot, M -rrttr ACo.. BuatojT.l- <1 u~. u'. H , W ellington & Co .. .... 102*60
abrook &
B is.103*27
offi dais from issuing the bonds, on the ground that the fiscal rI'.miB. W tlbar,Co., Boston .......... 102 <i?B I Jas. W. Longstreet & Co.,York. 102*085
.
Boston ............... .102*015 j X. W. H arris & Co.. New
E. H .a a y at Co., » um oa........... 102*57 I
year of 1897 has expired.
Huron, S. D,—Warrants Declared Illegal—W. A. RitschAlameda Comity (Cal.) Frnitvale School D istrict,—Bead
lay, Citv Treasurer, writes us that about $144,000 warrants Sale —On November 30, 1897, the $15,' 00 5>' bonds were
issued by the city for a Capitol site have been “ declared awarded to W. J. Hayes & Sons, Cleveland, at ln l‘45. A bid
illegal by the courts.”
was also received from the Oakdale Bank of Savings at 101.
Meadvillt*. Pa. - Municipal Ownership o f Water works Securities mature one bond annually, beginning 6 years from
Vote 7.—At the election held December 7, 1897, by a vote of : date of issue. For further particulars see Chronicle Nov
1,199 to 6 ) tlie city accepted the terms of th) W ater Com ember 13, 1897. p. 912.
V bany, N. Y.— Hand Offerinj. —
I
The city will sell at public
pany to sell its water plant at any time prior to July 1, 1899,
for $300,f,i4U Several years ago the city tried to build its auction at 12 m. December 20, 1897, at the City Hall, $51,000
.
(
own plant, but was restrained by the courts and finally per registered ■; K tox Street viaduct bonds, dated December 1,
manently enjoined. It is stated that the city, owing to the 1897, and $1:3,040 registered 4:; improvement bonds, dated
Nov. 1,1897. Bonds will be in denominations to suit pur
debt limit, cannot come into possession of the plant for a
year at least, and another vote must be taken on the m atter chaser. with interest payable semi-annually. The Knox
Street viaduct bonds are isjued pursuant with Chapter 721,
of debt increase.
Laws of ifr97, a n i
the Common
Milwaukee. Wis.—Q irb ip ' Binds Illegal.—On D .-comber Council and Boardauthorized by resolutions of $5,000 yearly
19, 1847, the Saprems Court affirm d the decision of the on Dec. 1 from P-98of Finance. They mature and interest
to 1907 inclusive, Principal
superior Court. r~o.rsitting the city offi n ils from issuing the will be p tyable at the Merchants' National Bank, New York
$ 120.0 0 ,) garbage plant bonis. Tus bonds were awardin' City. The Impro cemaut bands are issued pursuant with
November 23. '18)7, to R. L. Day & Co., New York, for Chapter M Laws of 1889, as amended by Chapter 257, Laws
O,
$136 212, but were held in escrow by the First N itioaal Bank, of 1890, Chapter 171, Laws of 1892 and Chapter 806, Laws of
Milwaukee, pending the decision of th) Sipreme Court.
1895 and authorized by a resolution of the Board of Finance.
Minneapolis. Minn.—Schooh M ty Cl me.—The refusal of They mature $7-5,O yearly on November 1, from 1898 to
uO
the City Council to issue the remaining $100,090 bonds of 1902, and $17,000 on November 1, 1903 to 19 -7, inclusive.
the 82 9,00 >issue vot d last spring may lead, it is stated, to Principal and interest will be payable at the Chamberlain’s o£the closing of the public schools by March 1, 1898. The fic * City of Albany, The total debt of Albany on December
,
Board of Elm-anon b as issued a statement (o this effect. 3, 1897, was $4,046,300, including $1,632,500 water debt,
They say that th - $215 0 0 remaining of the $330,000 appro Sinking Funds contained $1,168,263, and the net dobt was
priated for the year ending June 80, 1898, will only suffice to $2,878,237. Tne total amount of street bond-) outstanding
meet expenses to that date, when it will m necessary to close was $415,86 '. Assessed valuation, $68,376,895. Population
the schools and discharge the teachers.
about 100,0(0.
TERMS OF SUBSCRIPTION.
Hat)
THE CHRONICLE.
lV o l .
LXV.
Brenliam, Texas.—Loan Authorized.—At a meeting of theAiuesbury, Mass.—Temporary L o a n —The town recently
1,000
awarded a four-months loan or $10,00 to Curtis & Motley, City Council held December 1, 1897, Mayor J. A. Wilkins
Boston, at 2'79£. Bids were received both for a four-months was’instructed to borrow $1,250 for the payment of teachers’
loan and a six-months loan. The loan was finally negotiated salaries for November.
for four months. Following are the bids:
Brooklyn, N. Y.—Bonds Proposed.—City Works Commis
0 months4 months.
sioner Willis, in a recent communication to Mayor W urster,
2892
Curtis A Motley, Boston ....................................
3- 092 advised the issuance of $1,875,000 water bonds for the con
Blodget. M erritt A Co., B o s to n ..................... .................. 2*98%
*3-002
Jose. B arker & Co., Boston .. ••-....................
struction of additional pipe conduit and to provide means for
+3-002
Rogers. Nowuitm A Tolm an, B oston............... ..................+3*00%
increasing the water supply'.
3-002
3-1252
W. O. (lay & Co., B o sto n .................................... .................. 3*125%
Buffalo, N. Y. —Bonds Proposed.—A resolution is being
3-202
D. W. Howlaml, B oston...................................... ................... 3*20%
considered by the Board of Aldermen directing the Mayor
• A nd *1 prem ium . + A nd f 3 premium.
and Comptroller to issue bonds of the city for $400,010, with
Andover, Mass.—News.— In reply to our inquiry regarding which to carry out the provisions of the special act of 1898,
a report that the town has under consideration an issue of authorizing the city to issue such bonds for the construction
school bonds, Mr. Geo. A. Parker, Town Treasurer, says : of a combination market and convention hall building on the
“I am in receipt of similar inquiries daily, but do not know Washington Market site.
where the report originated th at we were to issue school
Cambridge (City) Mass.—Bond Offerina.—Proposals will
bonds. We are not to issue bonds for any purpose whatever he received until 11 a. m . December 13, 1897, by William W.
at the present time, and it is very uncertain when we shall in Dallinger, Treasurer, for $105,000 3%% water loan bonds.
Securities are issued pursuant with Chapter 100. Acts of
the future.”
Arizona .—Bond Issue.—Press reports from Phoenix state 1897. They will be in the form of registered certificates of
that an arrangement has been entered into between the Ter $10,005 each, or any multiple thereof, and will be dated Dec, 1,
ritorial Loan Commission and Frank M. Murphy, President 1897. Interest wifi be payable semi-annually by means of
of the Santa Fe Prescott & Phoenix Railroad, representing check; and the principal will mature December 1, 1917. The
Eastern clients, whereby the outstanding balance of the Ter successful bidder will be required to make a deposit equal to
ritorial floating debt is to be lifted by the purchase of $258,- I f of the face value of the bonds bid for.
000 5# Territorial bonds, maturing in fifty years.
Bonds Proposed.—The city government has under con
Ashtabula, Ohio.—Bonds Defeated.—The question of issu sideration a proposition from the School Board to issue
ing $40,000 school building bonds was defeated at the election $150,000 for the completion of the Peabody sehool-honse,
held December 6, 1897, by a vote of 408 to 241. The proposi erection of a building on Norris Street and the purchase of a
tion was also defeated at the election held November 2, 1897, site and erection of a building thereon in the lower part of
owing to the fact that the election officials in one of the wards W ard 2.
failed to keep a record of the rejected ballots, as stated in the
Chelsea, Mass.—Bond Sole.—The Sinking Fund Commis
Chronicle of November 20, 1897. p. 993.
sioners have taken the $126,000 4% refunding bonds. Securi
Athol, Mass.—Loan Authorized .—The town has authorized ties mature in 1911.
the negotiating of a $7,5( 0 loan. Mr. Samuel Lee, Town
Cherokee County, Iowa.—Bonds Redeemel.—The $12,000
Treasurer, states that “the town of Athol may borrow during bonds recently redeemed consisted of $5,100 court-house and
this month $7,500, payable June 1, 1898; this loan will de jail bonds, dated April 1, 1891, maturing April 1, 1901, and
pend on the condition of the treasury and the money $7,000 refunding or bridge bonds, dated April 20, 1892, and
maturing April 1, 1902. The court house and jail bonds still
market.”
Atlanta, (Sa.—Bonds Authorized.—On December 3, 1897, outstanding amount to $20,000 and the refunding or bridge
the State Senate passed a bill amending the city’s charter bonds to $2,00'.
giving authority for an issue of $200,010 4# thirty-year gold
Chicago, 111.—Bond Offering.—The time for receiving pro
bonds for the extension of water-works mains, provided the posals for the $100,000
refunding gold bonds which were
people approve such issue by a two thirds vote. The Council to be offered by the city on December 10, 1897, has been ex
is given power to condemn property needed for the [enlarge tended until 2:30 p. m . , December 22, 1897. A full descrip
ment of the water-works plant.
tion of the issue will be found in last week’s C h r o n i c l e .
Auburn, Ind.—B< nds Voted.—On December 7, 1897, by a
Chicago (111.) S anitary D istrict.— Warrant Sale.—F. M.
vote of 680 to 39, the citizens of Auburn authorized the Blount, Treasurer of the Sanitary District, has disposed of
issuance of bonds for the construction of water-works and $160,000 tax levy warrants. Mr. Blount advises us that the
electric-light plants.
“ district does not sell its warrants; they are given to the
Bastrop County (Tex.) E lgin School D istrict .—Bonds district contractors, who dispose of them as they see fit.
Registered arid Approved .—On December 2, 1897, the A t The 1897 warrants now draw 4% and find a ready sale in this
torney-General approved and the Comptroller registered market at par.”
$9,000 school-house bonds.
Chicago Junction (T illage), Ohio.—Bond Offering.— Pro
Beatrice, Neb.—Paving Bonds Illegal.—The “ World- posals will be received until 12 m . (Central standard t i m e ) ,
Herald” of Omaha on December 1 contained the following January 25, 1893, by Louis Simmermacher, Clerk, for $25,f00
dispatch from Beatrice, dated November 30, 1897 : “ Judge 6 water-works bonds. Securities are issued pursuant with
;?;
Letton, in District Court to day, handed down a decision in Section 2835, Revised Statutes, and authorized by a vote of
the case of Kelley against Bradt. The decision is in favor of the people and by ordinance passed November 25, 1897. They
the defendant, and is looked upon as being one of the most are in denominations of $1,001. dated February 1, 1898.
important in years. It was shown that the petitions for the Principal matures $1,009 yearly, beginning February 1, 1901.
paving lacked a m ajority of signatures of the property Interest will be payable February 1 and August 1. A certi
owners along the paving district. The Court holds that the fied check for 5$ of par value of bonds bid for, payable to the
City Council had no authority to issue the bonds for this Treasurer, must accompany bids. Proposals will be opened
paving, and as many have paid their assessment, all or in at 2 P . M. January 27, 1898.
part, it is expected that many suits to recover money paid
Chicopee City"(Mass.).—Temporary Loan. —On November
will follow.”
30, 1897, the city placed a loan of $48,505 with the State
Belfast, Me.—Bond Offering.—Proposals will be received Treasurer. Loan becomes due Nov. 31, 1898, and was ne
until 1 1 a. m. December 16, 1897, by C. A. Poor, Chairman gotiated for the purpose of paying current expenses.
Finance Committee, for $498,000 4$ bonds. Securities are is.
Cincinnati, Ohio.—Bonds Authorized —An ordinance was
sued to refund railroad-aid bonds m aturing Aug. 15, 1898, passed by the Board of Administration authorizing the issu
and will fall due Aug. 15, 1918. Interest payable semi ance of $1,447 T%bonds for the improvement of Dury Avenue.
>
annually. A certified check for 1%must accompany bids.
Interest will he payable semi annually and the principal
Belmar, N. J. - Bond Sale.—On December 7, 1897, $10,000 matures 1-10 yearly.
5% 28 1-6-year (average) Jetty bonds were awarded to SeasonBond Sale.—On December 2, 1897, the Sinking Fund Trus
good & Mayer, Cincinnati, at 113*512. Following are the tees purchased the issue of $50,000 market house bonds. The
bids:
trustees also purchased $5,250
Ssegar Avenue improve
street-improvement bonds.
Seasongood A Mayer, Cin........... 113*512 I Leland Towle & Co., New York. .102-411 ment bonds and $6,000
Edw. C. Jo n es Co., New Y ork... .103*455 I Chas. M cD erm ott......................... 10150
Circleville, Ohio.—Loan Authorized.—The Finance Com
mittee has been authorized to borrow until April, 1898, such
Interest will be payable semi-annually.
Big Rapids, Mich .—Bond Sale.—On December 6, 1897, the sums as may be needed to meet the demands of the various
following bids were received for $5,C O refunding water funds after exercising the most stringent economy.
O
Clark County (P. O. W inchester), Ky.—Bids Rejected.—
works bonds:
Prem ium for a
Pond.
A.ll bids December 2,1897, for $50,000 (more or less)4%% tu rn
Prem ium for a 52 Bond.
Mason, Lewis & Co., Chicago__ $21 00 Tho L am precht Bros. Co., Clev. .$207*75
Fnrson, Leach A Co , C hicago... 1 0 00 Duke M. Farson, Chicago........... 105*00 pike bonds were rejected. We are advised that the 1 onds
Trowbridge & Co., C h ic ag o ....... Par. W . J . H ayes & Sons, Cleveland., 132*50 will be offered for sale again at some future date. Principal
W ayne Co. Sav. Bank, D etroit.. 25*00 matures 1-5 yearly, beginning 20 years from date of issue.
Cleveland, Ohio.—Bond Offering. —
Proposals will be re
Bonds are in denominations of $50h dated January 1, 1898.
Principal matures January 1, 1911. Interest will be payable ceived until 12 m ., January 5, 1898, by H. L. Rossiter, City
January 1 and July 1, both principal and interest being pay Auditor, for $400,000 4% park bonds, maturing April 1, 1928.
able at the Old National Bank of Grand Rapids.
Securities will be coupon bonds of $1,000, dated October 1,
Boyle County (P. O. D anville) Ky.—Bond News.—We 1897, interest payable semi annually, both principal and in
have received another letter from F. N. Lee, County Treas terest being payable at the American Exchange National
urer, relative to the item in the C hronicle November 27 Bank, New York City. A certified check drawn on a na1897, statiDg that the Fiscal Court would meet November 26 tianal bank for 5$ of the amount bid for and payable to the
1897, and settle the question of issuing $40,000 turnpik- “Treasurer of the city of Cleveland,” must accompany bids.
bonds. Mr. Lee says : “ The bond issue did not carry at tb
Colorado.—Bond S ale— The State recently sold to Geo. D.
late election, so we can’t issue bonds. The Fiscal Court wil Cook Co., Chicago, an additional issue of $23,000 4 f 15-25
lease the roads for one year and give another opportunity t< year funding bonds at 1(0*046. The above bonds, in addition
vote on issuing bonds at the next election.”
to those sold the same firm in August la st,. amounting to
December 11, 1897.]
THE CHRONICLK
$200,000, were issued to retire the antstanding issue of Lead
viHe war certificates.
Bond Sale.—The New.York --News Bureau” reports the
sale of
i'i .o »3'4 seven-year State bonds to the Geo. D.
o
Cook Co., Chicago^ at par.
Columbus, Ohio.—bow l* Proposed .—A resolution has been
introduced into the City Council providing for the issuance
of $26,000 bonds for the payment of the claims of the Eng
lish heirs for laud purchased for sewer farm purposes.
Cordele, Ga.—Bonds Voted.—The $7,000 3u-year public im
provement bonds of this city have been voted,
Douglas County, Xeb.—
Bids,—Following are the bids re
ceived" December' 1, 1897, for $180,0(0 4!|:; 20-year Poor
Farm funding bonds and $t( 0,000 417; 30-year exposition bonds:
J137
Bonds mature $2,500 yearly, beginning November 16, 1987.
For fuller description of the bonds see Chronicle, Novem
ber 27, 1897. p. 1039.
G arrard County, Ky.—No Bond Issue.—On December 1,
1897, Judge Saufley refused to order the County Court to
issue $35,(00 turnpike bonds on the ground th at the notice
of election was not published the length of time required
by law.
Georgetown. Ky.—No Election .—The election called for
November 20 last, for the purpose of voting an issue of
$30,00 i ii. 30-year water works bonds, was declared off, as it
was found to be illegal.
G illett. Col.—Bond Litigation .—Suit was instituted Nov.
30, 1897, against the town to restrain the officials from issu
— -----Premium. ----------, . ing $20,000 bonds to W. S. Cotton in payment of work of con
*180.000
flOO.OCO
Funding
SieposU ton structing the water system. The contract called for $21,500
Bond*.
bonds, and the plaintiff claims that the meetings at whieh
Bonda.
. .. .. . ? r ; 2700
Farsun. Leach & Co., Chicago. .. ............. .
$■*.670 06 the various resolutions were passed were illegal, and asks
K. H Fadee. Chicago..................................... ...... ............ 13.-00 00
the Conrt to stop the construction of the water-works and
6,800 O enjoin the delivery of the bonds.
O
First N ational B ank. ChicAiro. ......................... . . . . . . . . i& ssooo
SeiSOHgfod ft Mayer. C incinnati................ .
.......... 11,772 00
6,541 75
C.kniDr,ell. Wilde Jk Co . In d ian ap o lis................ . . . . . . . . 11.70000
6,500 0 0
Glastonbury. Conn.—Bond Election.—A special town
E. H. Rot 1!n* ft Sons. B oston. . . . . . . . . ........... . . . . . . . 11*53000
0.410 00
0.305 0 0 meeting will be held Dec. 14. 1897, to vote on the question of
W. -J.
ft Sons, C lev elan d ........ ................. ............11,430 00
0,350 C issuing §50,000 bonds to fund the town’s Boating debt.
O
Mason, 1 ew is A Co.. Chicago
........... ............
6.33100
Grand Junction, Col.—Bond Issue. Legal.—Judge Butler,
lUtnoift T rea t A Saving* Bank, Chicago . .. .. .. ........ 1 I.8 &I 0 0
0,330 0 0
0,130 00 Denver, has refused to grant an injunction restraining the
35. € . §t»fticcio4 A C .*«, Iftacact . . . . . _ _______ _____ _ 11,031 0 0
V
_
0 .0 1 0 0 0
Diet*. fhmifMin St Prior. C le v ela n d ................ . . . . . XOJflHoo
Kdw. C. done* Co., New York .......................... ............ 10. MO 50
5.010 50 city from issuing the $65,000 fig water-works bonds author
5,' 71 40 ized by the City Council last spring.
T h e iAinortfctil Bros. Co.. C leveland... ........ . . . . . . . . 0 / 0 0 0 0
5.000 D
O
Green burgh Lnion Free.School D istrict No. 5, Ardsley,
#.55000
W aiter Stanton. 4c Co.. New Y o r k ,.......,...* . .......... 8,tm>oo
3.80200 X. Y. —
Bond Sale.—On December 10, 1897, $2,500 6 per cent
certificates of indebtedness were sold at auction to Geo, M.
S ta te o f N d b r is k a ...,.....,....... ..........................
Aa stated in the C h r o n i c l e last week the funding bonds j Hahn, New York, at 104T6. Bids were also received from
were awarded to Parson. Leach & Co., Chicago, and the ex j W alter Stanton & Co.. New York, and the Westchester
position bonds to the Board of Education, Lands and Panda, | County Savings Bank, Certificates are in denominations of
State o f Nebraska. E. H. Fudge, Chicago, Spitzer & Co., $250, maturing one each year. Interest payable June 10 and
Toledo, and the First Nations! Bank, Chicago, were each j December 10.
H arrim an, Tenn .—Bond Issue.—The city will sell at pri
awarded in turn the exposition bonds and each refused to
;.'
take the is»u« unless they were also awarded the funding vate sale $5,500 G 10-30 year bonds for the purchase of an
bonds. The State o f Nebraska then raised its bid to that of incandescent light plant. Bonds are dated August 1, 1893,
the First National Bank .$6,850) and was awarded the interest payable Febrnary and August in gold at the Lincoln
bonds. For description o f bonds see C h r o n i c l e of Novem National Bank, New York City. These bonds are part of an
issue sold some years ago to a New York firm who failed
ber 18 and 20.
Duluth, Jfinn.—Bond Mem .—We are advised by C. E. prior to the payment for the same, but after having used the
Richardson, City Clerk, that a special election will be neces bonds as collateral security for various loans. The bonds
sary to authorize the issuance of $1.25t),( 00 bonds for the were afterward re-purchased by the city under a compromise
purchase of the Duluth Gas & W ater Company’s plant. The A t passed February 13, 1895, and are now re-issued in part,
City Council has voted to accept the proposition of the Da- pursuant with an Act of the Assembly passed April 1,1887.
H artford (Conn.) Northwest School D is tric t.— Loan
lath Gas & W ater Co. to sell its plant to the city for $1,Authorized.—On December 4, 1897, at a special meeting of
250,f 00 5* 8"‘-year bonds.
the voters of the district, it was voted unanimously to issue
East Cleveland. Ohio .—Bonds Voted.—At the election
held December 8,1897, the citizens authorized the following I a note for $850 to take up two notes of the Gravel Hill
bonds : $100,000 sewer bonds by a rote of 246 to 93; $20,000 District, which was consolidated with the Northwest Dis
waiter bonds by a vote of 295 to 40; $5,000 electric-light bonds trict.
Hempstead School D istrict No. 19, E ast Rockaway, N. Y.
by a vole of 298 to 84.
East R utherford, X. J .—Bond Sole.—The borough has sold —Bond Sale.—On December 9, 1897, the §10,000 5£ bond*
were awarded to Farson. Leach & Co., New York, at 119.
$1,800 additional road bond*.
Elk Point. S. D,—Bond Election .—Local press reports state Following are the bids:
ft Co,. N rw York .110*00 j Street, Wykoe A;Co., New York, *100*53
that an election will be held December 18, 1897, to vote on Knr,<."»).
Pres dent Queens < unity Bk ...112*00 i Bertrcra &Storra, New York....105*65
’
the question of issuing $13,000 water-works bonds.
W . J. Have* ft Son*, Clovetand. .109*71 Sea-songood. ft Mayer, Cincinnati.-105*50
E 11s County, Kan. -Bond* Voted.—The county has voted Bank of Rockville C entre . . . . . . . lcBT-8 | F reep o rt B ank................................105*50
to issue bonds for a new court-house at Hays City.
Interest will lie payable May 1 and November 1 at the
Elmwood Place (V illage), Ohio.—Bond Offering —Pro Bank of Rockville Centre Principal matures $500 yearly
posals will be received until 12 m. January 5, 1898, by Harry I on November 1. For further details of issue see Chronicle
G. Schaefer, Clerk, Boom 200, Lincoln Inn Court, No. 519 last week. p. 1084.
Main St., Cincinnati, for the following bonds:
Huntsville, Ala.—Bond Fata.—On December 1, 1897, the
#1-5.000 $•- w ater-pipe hcmdi in deimm Ination* o f $ 1 0 0 . SecoHtlM are dated §10 00 i 07 sewer bonds were awarded to Rudolph Kleybolte
January i ,
and m ature J a n u a ry 4 , 1023. They are issued p ur
t
su an t with Section iWY o f th e Revised Statutes', and authorized by A Co., Cincinnati, at 109-26. Five bids in all were received.
•irdimwr** passed N ovem ber 9. IKi>7.
7.176 ©i Me<»re4fr>r A reow e iroprovem ent bond# In denomination* o f $71 7*. Bonds mature December 1. 1917. For further particulars see
Securities are dated D ecember 15,I007, and m a tu re one bond yearly. C hronicle November 28, 1897, p. 1089.
They are Issued p u rsu an t with sections 2 2 0 4 . * 3 0 3 , 33W, 2305 and
Hyde P ark (Village), Ohio.—Bond Offering—Proposals
■T'fai Revised S tatu tes an 1 authorized by ordinance passed Xovern
h«.r -5 I W
will be received until 12 m. January 4, 1898, by Frank Lewis,
Interest will be payable semi-annually. A certified check Clerk, for $5,495 50 5£ street-appropriation bonds Securities
for 5; of the amount of the bonds, payable to the Village are issued pursuant with sections 2264, 2704 and 2705 Re
Clerk, must accompany proposals for each Dane,
vised Statutes of Ohio, and authorized by ordinance passed
Erie. Pa.—News.—In reply to our inquiry relative to a December 1, 1897. They are dated December 31, 1897, nine
published report that the city was authorized to issue $t,00o being in denominations of $5-50 and one of $515 5 ’. Interest
bridge bonds. Mr. F. Hanlon, City Clerk, says: “ The city of will lie payable annually and the prinoipal matures one
Erie does not intend to issue any bonds nor to bnild any bond yearly,
bridge-, so far as I know. No such action has been taken
Illinois. —Loan Offering.—Proposals will he received until
nor even discussed by our municipal authorities.”
12 m. December 24, 1897, by Henry L. Hertz, Treasurer, for
Farm ington, X. II,—B m d Sale.—On December 4, 1897, the §250,000 34 certificates of indebtedness. Loan will be dated
$58,000 •!: 10 20-year refunding bonds were awarded to January 1. 1898, and will be payable at the American Ex
Mason, Lewis & Co., Chicago, at 1(8-27. Following are the change National Bank, New York City, July 1, 1898. A cer
bids :
tified check for $2,500 must accompany proposals.
ft Co,,Cfaieajro.. . .1CKT27 I Jim. W. Tuonan*froftt & Co.( Bos...101*73
Ithaca, Mich . - Bonds D efeated—A t an election held in
A. Ferrmtd % C . . Ro»ton..t0®*17 3. A- Kean, Chicago ....................100*00
this village on November 30, 1897, a proposition to issue sew
K» B l R 'Min* ft Sons, Boafun. ...lOSJ’l 0 l
Interest will be payable in Bcston at a bank not yet deter erage bonds was defeated.
Jacksonville, Fla. -B ond Fife.—The $41,500 o% 26>|-year
mined upon. For further particulars see C h r o n i c l e Novem
water-works and improvement bonds offered by this city on
ber 37. 1897, p, 1080.
Flashing, X. T.—Binds Defeated.—A t the election held Dec. 7, 1897, have been awarded to Trowbridge & Co., Chi
December 6, 1897, the question of issuing $74,000 bonds for cago, at 101-61.Jefferson County (P. 0. Louisville), K y.—Bond News.—
street improvements was defeated by 85 votes.
BmnU Voted.- At the above election the question of issu The question of calling an election to vote on the proposed
issuance of $800,000 44 court-house bonds will be decided by
ing #l,90b Flu-thing Library bonds carried by about two- the new County Judge, who will go into office January 3,
thirds majority.
Flushing School D istrict No. 7. College Point, X. V.— 1898
Kern County, Cal.—Bond Contract Illegal.—On November
Bond srl< — December 9, 1897, the $20,000 i f gold bonds
o
On
29, DOT, Judge Mahon
were awarded to Seymour Bros. & Co,, New York, at 102 (7 county and Trowbridgedecided that the contract between the
& Co., Chicago, by which the latter
Following are the bids:
"‘«yh»o o r Rro«. ft Co., Sew York.. 10^07 | Spa*Gn«rnod ft jfayer, C incinnati .101'S3 were to receive $235,000 refnndiog bonds was illegal. He
W rkps * r - ..
Toffc. .iOSOO I Wlmnn .%Schlealniter, New York. 101**3 held th at the County Government Act of 1897 does not re
T he J-awotfche Bm*. Co.. £!•▼«..
01 r f}$.0> M. H ahn. New York
100 55
ff>n 4 Sfnrr*. N«w York....... 191*9$ | Farw n, Leach * Co., New York.l00*JS8 peal that portion of the Act of 1893 requiring bonds to be sold
m
TH E CHRONICLE
1188
by the Treasurer. He Iso held that a contract to sell bonds
cannot be made before they are issued. As stated in the
Chronicle November 27, 1897, this contract between the
Board of SxTpervisors and the Chicago firm was consummated
prior to the election authorizing their issuance.
La Grange (City ), Mo.—Bond O fferin g.- Proposals will be
received until 7 p . m. December 15, 1897 (not December 10, as
we were originally advised), by Louis Schneider, Clerk,
for $6,000 5$ electric-light bonds. Securities are in denomina
tion’ of $300, dated December 1, 1897. Principal matures
s
December 1, 1917, subject to call alter five years. Interest
will be payable June 1 and December 1, both principal and
interest being payable at the First National Bank, Chicago.
Bonds are issued pursuant with Section 1947, Laws of Mis
souri, and authorized by vote of the people October 19, 1897 ;
they are registered by the State Auditor. A certified check
for 5% of the amount of the bid, payable to F. S. Hagood.
Treasurer, must accompany proposals. The city has no in
debtedness at present. ^Assessed valuation is $273,000 ; real
valuation, $500,010. Population at present is about 1,609.
Leicester (Town), N. ¥.—Bond Sale—On November 27,
1897, the following bids were received for $10,000 4%'bonds,
issued for the purpose of building a bridge across the Genesee
River between Leicester and Mount Morris :
W. J . H aves & Sons, Clev.. ..$10,266 00
Jos. E. Gavin. Buffalo............. 10,177 67
The L am precbt Bros.Co.,Clv. 10.177 O
O
Benwell & K verilt. New York 10,056 00
Farson, Leacb & Co.. N, Y — $10,155 00
Street. W ykes & Co.. N. Y .... 10.053 00
Geo. M. H ahn. New York...... 10,139 00
P e te r De& ew, N unda.............. 10,000 00
Bonds were awarded to W. J. Hayes & Sons and are in de
nominations of $l,0r0, maturing one bond yearly, beginning
February 1, 1899. Principal payable at the Importers' &
Traders’ National Bank, New York City. Interest payable
annually on February 1.
Le Roy, N. Y.—Bond Sale Postponed.—The sale of th9
$40,(00 gas and electric-light plant bonds of this village has
been postponed until 3 p. m. December 14, 1897 ; bids will
then be received by the Board of W ater and Light Commis
sioners (Geo. F. Lowe, Secretary). Bonds will be sold at
lowest rate of interest, which will be payable semi-annually,
and they will mature in from 5 to 20 years from date of issue.
For further data regarding loan see C h r o n i c l e of last week.
Lincoln County, Oklahoma.—Bond Sale.—The county has
sold $40,000 bonds.
Marion County, In d .—Bond Sale.—Following are the bids
received December 6, 1897, for the $200,000 4# 30-year refund
ing bonds:
Mason, Lewis Sc Co , Chicago 106*60 I The L am precht Bros. Co........... 104*^3
Illinois T ru st & Savings Bank,
W. J . H ayes & Sons..................... 104*01
Chicago........... ..........................106*66 I Seasongood & Mayer, Cincinnatil03*939
Campbell, Wild & Co., Indianap.108'475 | Farson. Leach & Co., Chicago... 103*777
is*. W. H arris Sc Co., Chicago_ 100*275 I Onion T ru st Co.. Indianapolis.. .103587
_
Dietz, Denison & Prior. Cleve. ..104*11 In d ian a T ru st Co., Indianapolis.l03*27
Edw. C. Jo n es Co.. New Y ork... 104*077 | E. C. Stanwood & Co.. Boston.. .103 00
Bonds were awarded to Mason, Lewis & Co. They are
issued to refund those m aturing January 1, P98.
M arshalltown, Iowa.—AT Bond Issue.—Regarding a re
o
port in one of the papers that the Council had voted an issue
of $1,000 refunding bonds, Mr. J. M. Woodworth, Town Treas
urer, says : “There has been no issue authorized or proposed
of recent date.”
Mason County (P. 0. Ludington), Micli.—Bond Offering.—
Proposals will te received until December 23,1897, by Frank
P. Dunwell, County Treasurer, for $8,C O 5% biidge bonds.
O
Securities are dated*December 31, 1897, with interest payable
annually on December 31. Principal matures $1,(00 yearly
on December 31. Bonds were authorized at a special election
held October 8, 1897, by a vote of 858 to 402. Principal and
interest will be payable at Ludington or New York City, at
the option of the bolder.
Medford City, Mass.—Bond News.—Mr. P. R. Litchfield,
City Treasurer, advises us as follows, regarding a report in
one of the papers that the city had authorized an issuance of
$120,000 refunding bonds : “ We have no $120,000 bonds for
sale,_ nor any amount at this time.”
Milwaukee, Wis.—Bonds Proposed.—A resolution has been
introduced in the Board of Aldermen authorizing the is
suance of $15<',0(0 bonds for new bridges at Grand Avenue
and other points.
Minnesota .—Bond Sales.—The State has taken $19,325 4%
bonds of various school districts, as mentioned below, for in
vestments of the State School fund:
Chisago County School D istrict No. 6 6 ..........
Orow Wing Count? School D istrict No. 1 6 ...,
Jackson Comity School D istrict No. 27..........
Jackson C ounty School D istrict No. 82..........
Jackson County School D istrict No. 109____
Kaudlyohi County School District No. 97...,
M artin County School D istrict No. 64........... .
Norman C<»unty School D istrict No. 69..........
Pipestone County School District No. 46.......
Bed Lake County School D istrict No. 3 ........
Red Lake County School District No. 167....
Rock County School D istrict No. 8 ...............
St. L ouIb C o u n ty School D istrict No . 9 2 ........
St. Louis Comity School District No. 31........
St. Lout 8 County School D istrict No. 33........
Steam s County School D istrict No. 60...........
Steam s County School D istrict No. 140.........
1 reverse County School District No. .30........
W aseca County School D istrict No. 8 6 ........ .
. $175 October 26.
. 200 October 25.
. 600 November 2.
. 300 October 28.
. 500 October 23.
. *00 October 28.
. 400 October 29.
. 2( 0 October 30.
. 395 November 19.
. 180 November 1.
. 300 O ctober 29.
600 O ctober 27.
.12,0< 0 October 23.
. 500 October 30.
• 500
.. ....
. 625 O ctober 20.
. 300 October 25.
. 500 O cto b er20.
. 550 October 30.
Monett, Mo.— Bond Sole.—The city has sold at private sale
the $14,800 5% refunding bonds recently voted. Interest will
he payable in Chicago or New York.
.M o u n t Carmel, 111.—Loans Authorized .—On December 2
the Council passed a resolution authorizing loans for the
city b expenses during the next six months.
Mount Yornon, Iowa .—Bond Sale.-O n December 1, 1897.
the $9,o(10 4<^ water-works bonds were awarded to the First
National Bapk, Chicago, at 1C0'47 and accrued interest. Fol
lowing are the bids :
'
[VOL, LXV.
F irs t Nat. B ank, C hicago.......*$9,645 00 I W. J. H ayes & Son, Cleveland $9,507 00J . I>. Cleghorn & Co.. M in’op.* 9.540 50 | The Geo. D. Cook Co.,Chicago 9,490 50
F irst N ational Bank, Portage v ,0 1 < 0 r>| Dietz, Denison Sc Prior, Clev.* 9.400 00
* >
N. W. H arris & Co.. Chicago. 9,528 00 | Mason, Lewis & Co., Chicago. 9,275 001
* A nd accrued in te re st.
Bonds mature December 1, 1917, subject to call after 1907.
Muskegon, M idi .—No New Bonds.—The Common Council
has voted against the issuing of $45,000 refunding bonds.
The old bonds will be paid at maturity.
Neenah, IVis.—Loan Authorized .—On December 1, 1897,
the Common Council authorized a loan of $5,000.
Neodeslia, Kan .—Permanent Injunction.—On November
26, 1897, District Judge Stilwell granted a permanent in
junction restraining the city from issuing the $15,000 bonds
recently voted for a gas plant. The injunction was granted
on the ground that the ballots cast at the election were not
in accordance with the provisions of the Australian ballot
system. The ruling also makes void $15,000 bonds for a
water works system voted at the same election. The city
officials, it is stated, say they will hold another election,
complying with all the conditions of the law.
Newark, N. J .— Temporary Loan—At a meeting of the
Finance.Committee held December 1, 1897, the Comptroller
was authorized to borrow $275,000 in anticipation of the col
lection of taxes.
Newport, R. I. —Bond Offering.—Proposals will be received
until 5 p . m . December 27, 1897, by the Finance Committee
of the City Council, at the office of the City Clerk, for forty
$1,000 4 % coupon bonds. Securities may be registered if de
sired, and will mature in thirty years from January 1, 1898,
Interest will be payable semi annually in gold at office of
City Treasurer, where the principal also will be payable. A
special sinking fund of $1,000 per annum provides for pay
ment of principal.
Newtown, N. Y.—Bond Election.—An election will be held
December 22, 1897, to vote on the question of increasing the
indebtedness of the town by $400,000 for the construction of
new roads.
New York City .—Bonds Authorized .—On December 7,
1897, the Board of Estimate and Apportionment ordered am
issue of $900,010 bonds for the construction of ihe viaduct ex
tension to Riverside Drive.
Norwood (Tillage), Ohio .—Bond Sole.—On December 3,
1897, the $5,686 82 6%street-improvement bonds were awarded
to C. M. Thurnauer, Cincinnati, at 107-50. Following are
the bids:
C. M. T hurnauer, C incinnati........107*50 I The A tlas N ational Bank, CinS. A. Kean, Chicago........................ 105*25 | c in n a ti............................................ 105*10'
Interest will be payable at the Atlas National Bank and
the principal matures 1-10 yearly. For further particulars
see C h r o n i c l e November 6, 1897, p. 891.
Oregon, Mo.—Bond Election.—The $25,000 bonds, the
question of issuing which will be voted upon December 14,.
1897, will bear interest at not more than 6;,, payable semi
annually. Bonds, if voted, will be issued for the eonstrnction of water and electric-light works, and will mature 20
years from date of issue.
Parnassus, P a .—Bond Election—It is stated that an elec
tion will be held in the spring to vote on the question of
issuing bonds for a water-works system and for street,
improvements.
Passaic, N. J .—Bond Sale.—On December 3, 1897, the$35,010
school house bonds were awarded to Estabrook
& Co., Boston, at 110'05. Following are the bids :
Estabrook & Co., B oston............I10*(5
C. Zabriskie, Jersey City.............109*60
E. H . R ollins & Sons, Boston— 109*37
Edw. C, Jones Co-, New Y ork.. .109*274
Rudolph Kleybolte & Co., N. Y..109*27
W aiter Stanton A Co., N. Y .... 109*129
The L am precht Bros. Co., Clev. 109*105
W ilson & Stephens, New York.. 108*12:
P rovident In st, of Sav.,Jer.C ity.108*38W. E, R. Sm ith, New York ...... 10^*08
Benwell & E v e ritt, New York..,107*'i27
Farson. L each & Co., New York.107*275N. W. H arris & Co., New Y ork.. 107*07.
Bonds mature $7,000 yearly, beginning December 1,1913.
For further particulars see C h r o n i c l e N o v . 27, 1897, p. 1040.
Pelham (V illage) N. Y —Bond Offering — Proposals will
be received until 8:30 p . m . December 22, 1897, by the Presi
dent and Trustees of the village for $7,500 bonds, issued for
the purpose of constructing, repaiiing and paving steeets
and sidewalks. Securities will be either registered or coupon
bonds of $500 each, dated January 1, 1898. They are issued
pursuant with Chapter 414, Laws of 1897, and authorized by
the people at the election held October 19, 1897. Principal
matures one bond yearly, beginning January 1, 1903. Inter
est will be not more than 5j(, payable January 1 and July 1,
at the Village Treasurer’s office. Award will be based on the
lowest rate of interest offered. A certified check for $750,
payable to the Village of Pelham, must accompany bids.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
P errysburg (V illage) Wood County, Ohio.—Bids.— Fol
lowing are the bids received November 30, 1897, for the
$15,000 4% 20-year refunding bonds :
Prem ium s.
Fremiums.
S. C. Schenck, T oledo.................... 151*00 Citizens’ B anking Co.. P erry ’b’g ..$75*00
R udolph K leybolte & C o .,C ln 121*50 F irst N ational Bank. T oledo....... 10*50
W. J. H ayes Sc Sons, C leveland... * P a r
* Less $1130 for placing bonds.
No award has yet been made.
Peru, Ind.—Correction .— We reported last week that the
$15.090 school bonds offered by this city on November 23r
1897, were awarded to E. C. Stanwood & Co., Boston, as 4
per cents at par. We have since been officially informed.
THE CHRONICLE
D ecember i t , 1897.]
that the loan was awarded to W. J. Hayes & Sans, Cleyeland,
as 44,< per cents at ptr. they furnishing blank bonds. Secu
rities" are dated January 1,1883, and will mature January 1,
1913.
P hiladelphia .—Loan Bill Approved by the Finance Com
mittee.—On December 10, 1897, the Finance Committee of
the Common Council passed favorably on the $11,800,090
loan bill.
Pittsfield. Mass.—Loans Authorized .—The Aldermen on
December 6, 1897. authorized a loan of $30,000 for the pay
ment of a note doe November 15, 1897. to Curtis & Motley,
Boston. An additional loan of $10,000 was authorized to
take up a school note maturing November 15, 1897.
Bonds Proposed.—It is proposed to fund $1( 0,010 more of
the school debt after the bills have been presented ; $200,000
of the school debt has already been funded.
P o tter County, Texas .—Bond Sale.—On December 1.
1897, the Board of Elucation, Austin, purchased §9,000 fund
ing bonds of this county for the school fund.
Pottsville, Pa .—Bowl Sale.—On December 7, 1897, the
following bias were received for $10,00) 4. bridge bonds:
im t on Bonds M atur ng i n { Y ear*
3
i
& 0
7
8
I) 10
2
l
%
9
9*4 4
*5 ‘
m g
5
J . R. tlm O e rx >n, Pott* vin e ■ * ••j. H 1
iu i«
M
1’ IH m
4
W . 1. Hahn, i*- uttkvtlla :f.T «X J).. ... 1
"
3
Wm, SteUwag< m, P o tts rill ( l bo nd i ...
1H
1M 1 4-iQ
A K. Lee. Pot tsville <JL$»g».......
fo r the Kntire i t tue.
Dick Rro-< k C
lei jhla . l >1*79 | S . W. lU r tin A Co. New V.trk 100*81
v. y ..j >1*30 Jft3. V . |g] t-gsl Ti’ A Ct Bost 100*37
-ei
Rudolph Kleri xolte A C
Kdw. Jo nea Co.. New Yo rk.. 100*25
W. J Hayes A Sons. Cleve la n d !
Pvt
The one and two-year bonds were awarded to W alter IRalin, the three-year bond to Wm. Stellwagon and the re.
nwiader to J. R. Henderson. Bonds m ature $1,00 >yearly.
Queens County, N. Y.—Bonn Sate.—On Dtjcember 7, 1897,
the $40,0)0 4 , gold road bonds, Series ‘ K K”, were awarded
to Farson, Leach & Co., New York, at 109487. Following
are the bids:
B c u b A Co., X*w T u rk .
I B ertroo * Storru. 8 > ir Vt.rk ....ins-43
E)»nl A. 3Sor»n St I>■ \ . V
loft'57 ! W hano A Scbleslnger. N. Y .......107-70
Bonds mature December 15, 1917. For farther particulars
see C h r o n i c l e last week, p . 1035.
Bond Sale.—On December 9, 1897, the county awarded
$200,0)0 47 road. Series “ L L”, and $50,000 H funding, Series
N E W
# 7 ,5 0 0
V i l l a g e
o f
N E W
L O A N S . ________=
P e l h a m ,
ST.
N .
Y .,
8treet Construction Bonds.
1139
' • < bonds to the New York Life Insurance Co. at 109-03,
Other bidders were:
Series “ i i , . ”
F a rso n , Leach & Co................ ..................... ..............
109*00
R. L. Day A Co
:
..................... .........................................108 839
W han a A Sehlesinger______________ _______ ________108*67
*
Series ltCJ
109*00
108*869
10S*67
Bonds are in denominations of §1,000: interest will be pay
able June 15 and December 15 at the office of the County
Treasurer. Principal of both issues will mature December
15, 1917.
Loan Authorized .—At a meeting of the Board of Supervi
sors held December 9, 1897, the Treasurer was authorized to
borrow $37,0 0 for 30 days for the payment of interest due
in January.
Redwood County (P. 0. Redwood Falls), M inn .— Bond
—Proposals will be received until l p. m. December
14, 1897, by A. H. Anderson, Auditor, for $354 0) 47 refund
ing bonds. Securities will be issued to refund p irt of a
§59.000 77 issue m aturing January 1, 1893, of which §15,000
will be paid from the funds on hand. Securities will be in
denominations of $1,0"0, dated January 1, 1898. and mature
§3,000 yearly ou January 1, from 1899 to 1904, inclusive;
$4,000 yearly on January 1, from 1905 to 1907, and $5,000
January 1, 1908. Interest will be payable January 1 and
July 1, both principal and interest being payable at the
First National Bank, St. Paul. A certified check for $500
must accompany bids.
Richmond, Ya.— Loan Authorized .—At a meeting of the
Common Council held December 6, 1897, the recommendation
of the Finance Committee that §2i'0,000 should be borrowed
by the city—$72,000 to be applied to the sinking fund reduc
tion and the balance for the current expenses of the city—
was adopted unanimously.
Rochester, N. Y.—Loans Authorized .—Oa November 30,
1897, the Common Council authorized the issuance of a
$1,250 note for the park fund and a $3,000 note for the high
way fund.
Bonds Proposed .—In a message sent to the Common
Council December 2, 1897. Mayor George E. Warner
recamrmmded the issuance of $200,000 bonds to take up
$190,cO outstanding notes and $10,003 for the us9 of the
O
water-shed fnnd.
L O A N S .
L O U IS ,
C A L L .
L O A N S .
§ 3 2 ,0 0 0
M IS S O U R I,
B O N D
N E W
C ity o f A s b u r y P a r k , N . J ,,
MA> OB’S O ff ICE,
)
47 30-YEAR WATER BONDS.
BT. h o c 18, A ugust 7th, 1897. £
TO WHOM IT MAY CONCERN':
Sealed proposals will be received In th e Cltv of
Notlc? t» hereby given th a t th e bonds o f th e City Anbury Park until noon o f Monday. D ecember 13th,
1 8 0 7 , for
o f St. Louis, Issued u n d e r authority o f Ordinance I Thousand the purchase o f an Issue of eTw enty-tw o
1
D ollars o f w ater bonds of th City of As
No. 13.001, num bered from ninety-eight hundred bury P ark, of th e denom ination of Five H undred
and eig h ty -fo u r (9881) to ten thousand five hundred Dollar? each, payable in th irty years from th e da te
thereof w ith Interest a t the ra te of four
and th re e (10508) both Inclusive, will be redeem ed centum per annum , payable sem l-aiuiu’dly. (4) per
on th e Doconi day o f February, eighteen hundred
Proposals should be sealed, addressed to th e
and n in ety-eight, p u rsu an t to th e term s of said Finance Committee in care ofW ra. C. B urroughs,
City Clerk, No. 208 Main Street. Asbury Park, NT J.,
O rdinance No. 19001, and the term s expressed In and endorsed, "Proposals for W ater Bonds M
Tills issue is to refund o-30a now outstanding.
said bonds, and th a t said bonds will cease to b ear
GBO, F. W ILBU R, M. D..
in te re st m i said second day of February. ISSbk s «U1
,
8 AMU EL W. KIRKBIUDE,
bonds are d ated F ebruary 2d, 1885, are payable Feb
JAM ES A. BRADLEY,
ru ary 2d. 1905, an d a re redeem able a t th e option of
th e City o f St. Louis a t any tim e a fie rto n years
Finance Committee o f the
from th eir date.
City of A sbury Park, N. J .
Each of said bonds, when presented fo r redem p
tion. m ust h ave th e fourteen unearned serai-annual
In terest coupons, num bered from tw enty-seven to
forty. Inclusive, attached.
T hese bonds are called in fo r th e purpose of per
m an en t retirem en t.
: ............:
HEY . ZIEtJENHEIN*.
: I,. 8. I
Mayor.
P ric e a n d P a r ti c u la r s on A p p lic a tio n .
ISAAC H. STURGEON.
Proposal* fo r tho p a rd u » « o f r e g ia to r^ of
coupon bond*, at th e option o f th e purchaser, o f th e
VilllMte o f P elham . W est cheater C ounty, New York,
am ounting to #7,-5011 will be received by th e P reeld t n t and Trustee# Of said Village up tn D ecember 22,
a t 8-30 o'clock, when th e proposals will be publicly
opened a t th e bouse o f 9. 1 Cushman Caldwell, th e
P resident o f sold Village, o n Nyac A venue, Pelham
New York.
Said bonds will be o f th e denom ination o f fSOO
each, hearing d a te th e first day o f Jan u ary , 18'..**, and
will be Issued pu rsu an t to th e provisions o f C hapter
H i of th e Laws o f lSOTr and. th eir Issue Is authorised
by a v ote o f th e duly qualified voters o f said Village
a t a special ejection held on th e tilth day of October.
1897, in accordance w ith th « provisions o f said
statu te- T he ■oun of #50*> will m atu re on th e first
day o f Jan u ary .
and IftQW on th e first day o f
J a n u a ry in each succeeding y ear un til th e whole be
paid. T he bonds will be consecutively num bered
from 1 to I d Inclusive, and shall bo payable In th eir
num erical order. #500 feeing paid in each year. All of
said bonds shall Ic a r in te re st a t a ra te n ot to exceed
5*. payable s em ian n u a lly on th e first d ay n o f July
Com ptroller.
a n d Jan u ary in each year a t th e Village T reasurer's ATTEST:
HV. BESCH,
office in said Village, Said bonds will be sold to th e
Register
person who will tak e them a t the lowest rate of In-*
te re a ta n d cannot be sold for lew th an par, as provided
by C hapter *14 o f the Laws o f 1807, known as th e
Village Law. These bonds will be Issued fo r th e pur
pose of constructing, repairing and paving street#
$ 2 5 0 , 0 0 0
and side-walks. Each bid must be In a sealed envel
ope and m ust be m arked “ Proposals for B onds ; " 1and
Q u e e n s C o u n t y , N . Y ., C o l d 4 s ,
be accompanied by cash o r a certified chock payable
Ufa t a r i n g in 1 9 1 7 .
to th e Village o f Pelham for #760, th e saute to be
R e g is te re d o r C oupon.
OTedlted to th e successful bidder on th e am ount o f
Assessed V aluation ................ .....................#85,345,1 J l
his bid. and th e sam e shall be forfeited to th e village
........ .................. 3.034,000
I f th e bidder fails to com plete his c ontract within TOUI D eb t...........
Population, 150.000.
th e ttm e h erein after specified. The right is reserved
Price and p articulars u ion application.
l o reject any or ail bids- The success ful bidder shaU
W H V W Ac M H L E M ^ G L I t ,
a tte n d a t the house o f th e P resid ent o f th e Village
2 W a ll S tr e e t, N ew Y o rk .
o n th e 3d day o f Jan u ary ,
a t 8 o’clock P . M. to
com plete th e purchase and pay th e T reasu rer the
am ount due. In cash, and receive th e bonds.
Dated December loth* 3* >7.
S. CUSHMAN CALDW ELL,
BANKERS,
President.
LOUIS B. WOTTING,
DEALERS IN M U N ICIP AL BONDS,
i Stork o f th e Village o f Pelham.
Street Railway Bonds, and o ther high-grade !n
vestm ents.
A rtive& nd Lof»l Securities bought and aoid to an
BOSTON, MA83.,
C le v e la n d , O h io ,
vantage A tlantic M utual Scrip. Circular*.
7 Exchange Place
3 1 1 - 3 1 3 S u p e r i o r S t.
4 . P, WLntringham, 36 Pine St., N. Y.
CabU Address, " K E N N E T H ."
WE OWN AND OFFER
W, [, Hayes & Sons,
NEW
YORK
C ITY
GOLD EXEM PT 3s.
R. L. DAY & CO.,
7 NASSAU STR EET, N. Y.,
A0 W A T ER ST., BOSTON.
$ 2 0 0 , 0 0 0
C e n tra l R R .
& E le c tric
C o.
(01 New* B ritain, Connecticut.)
1st Mortgage Sinking Fund Gold 6s.
This road has direct connection w ith the City of
H artford.
S er 1 for enrntngs to Oct. 1,1897, and full descrip
tioo jfp ro p erty .
E. H ROLLINS & SONS,
1 9 M ilk S t r e e t , B o s to n , W iish .
W A R R A N TS .
Carefully selected, H igh-grade State, County, City
and Public School issues, m aturing in 6 to 24 m onths
and earning 5 to 8 per cent our specialty.
R O O T . E . 8 T R A H O R N <fc C O .,
E q u ita b le Bui l di ng,
B o s to n , M a s *
THE CHRONICLE.
1140
B ernard (Village), Ohio.—Bond Sale.— On Deeembfr
1897 tlie $243-20 67 street improvemert bonds w<-re
awarded to Geo. Enstis & Co., Cincinnati, at 107-24. Fol
lowing are the bids :
St
2
Geo E ustis & Co.. Cincinnati. ...107-24 I C. M. T b u m au e r, C in c in n ati.... 106-00
German Mat. Bank, C incinnati. .106-00 I
Bonds mature 1-.10 annually. For further description see
1897, p. 892.
St. Clair, Mit-li.—Bonds Defeated.—The citizens have
voted against the issuance of $8,500 bonds for city hall im' provetnents.
St. Paul, Minn .— Bonds Proposed.—The Board of Alder
men has under consideration the issuance of $100,000 bonds
for the use of the public schools during 1898 and 1-09. If
authorized, the question will be submi ted to a vote of the
people at the spring election. If issued, the money realized
from the sale of bonds will be used for building and furnish
ing new school houses.
Salem, In d .—Bond Sale.—On November 27, 1897, this
town sold $1,094 36 6,7 Mulberry Street improvement bonds
to Salem Lodge. No. 96, K. of P., at par. Interest is payable
at the office of the Town Treasurer, who informs us that the
bonds mature “in conformity with the Barrett Law of the
State.-’
Sanilac Center (Mich.) School D istrict No. 7 —Bond
Offering—The Sandusky Bank, Sanilac Center, has been in
structed by the distriet to sell on or before December 25,
1897, $6,000 57 bonds for the building of a new school-house.
Securities are dated January 1, 1898, and mature 10 years
from date of issue. Interest will be payable January 1 and
July 1 at the Sandusky Bank.
Scranton, M iss.-B ond Sale— On December 1, 1897, the
$25,000 67 water-works and electric-light bonds were sold to
F. R. Fulton & Co., Grand Forks, N. D., at par. These
bonds were originally offered for sale August 30, 1897, but
sale was withdrawn until after frost, owing to the yellow
fever scare. They mature 20 years from date of issue. For
further particulars see C h r o n i c l e August 7, 1897, p . 249.
Sioux City, Iowa .—Bonds Reissued.—On November 30,
1897, the City Council voted to reissue the $125,0C0 5 per
cent 18 year refunding bonds. These bonds were part of the
$256,000 issue sold to Abel Anderson some months ago. The
C h r o n ic l e N o v . 6 ,
IN V E S T M E N T S .
8 1 0 ,0 0 0
1 8 .0 0 0
1 6 .0 0 0
1 1 .0 0 0
1 5 .0 0 0
6 .0 0 0
4 0 .0 0 0
5 .0 0 0
4 .0 0 0
1 6 .0 0 0
2 0 ,1 0 0
C h ica g o , I I I ................................ 5 s
S a n d u s k y , O h io ..........................5 s
X e n ia , O h io ............. .................41^s
C o lleg e P o in t, N . Y ................. 4»
N e w to w n , N. Y .......................... 5 s
P ie rm o n t, N. Y .........................5»
E a s t P ro v id e n c e , R . 1............. 4 s
<lulncy, M a s s ............................. 4 s
P o rts m o u th , O h io ...................4H*
M e rid ia n , M is s .......................... 6 s
B r a d f o rd , P a ..............................4 s
F O R SA LE BY
R u d o lp h K le y b o lte & Co.,
35 a n d 37 N a s s a u S t., N e w Y o r k .
C IN C IN N A TI, O.
8 8 0 ,0 0 0
4 0 .0 0 0
1 5 .0 0 0
2 5 .0 0 0
‘ 9 ,0 0 0
2
2 5 .0 0 0
8 ,0 0 0
1 0 0 ,0 0 0
Bates County, M o....................... 43^s
Franklin County, 111..................4J^s
Lake County, Ind....................... 5s
Marion, Iow a, School................
South Omaha, Neb......................6s
Liucolu, Neb., School.................5s
Astoria, 111...................................5s
South Side Elevated (Chicago).4 J^s
MASON, LEWIS & CO.,
B A N K E R S,
BOSTON: Worthington Bldg., 31 State St.
C H IC A G O : 171 L a Salle St
W alter S tanton & Co., New York.101’09 I Street, W ykes & Co.. New York. .lOO'IO
B ertron & Storrs, New Y ork.___ l 1o-70 |
Bonds mature $5'0 yearly, beginning December 1, 1898.
South Omaha, Neb.—Bond Bate.—The Packers’ National
Bank, South Omaha, was awarded last month at private sale
$2,050 77 1-5 year (serial) sewer bonds at 100-975.
South W illiam sport (Borough) Pa.—Bor d Sale.—The
borough has sold $3,000 47 5 20 year bonds to local investors.
Securities are issued for the purpose of taking up outstand
ing borough orders, and the interest will be payable semi
annually. Bonds are free of tax.
Spokane (W ash.) School D istrict 81.—Bond Site. —The
following bids were received on December 3,1897, for $50,000
57 20-year school-building bonds of this district:
D uke N. Farson Chicago ..........I R oberts Bros., Spokane............................*$5'V‘
050
N. W . H arris &Co., Chicago....... 5G*578 | Morris & W hitehead, Portland..+50’025
♦Less $l,5f 0 fo r expenses. +Less $2,000 fo r expenses.
All bids included accrued interest. Bonds were awarded
to Duke N. Farson. It is stated th at Farson, Leach & Co.,
Chicago, sent a telegram, asking, in case no satisfactory bid
was received, th at the securities be placed in their hands for
thirty days for sale.
Springfield, Ohio.—Temporary Loan.—The city has ne
gotiated with a local bank a 67 note for $3,500 for the benefit
of the Police Fund.
Bond Sale.—Following are the bids received on December
17, 1897, for the $5,000 57 bridge bonds of this city.
BONDS.
R AILW AY
1st Mortgage 4s.
Due M ay 1, 1 9 3 0 .
Interest payable M ay and November.
Principal and Interest Guaranteed by
Maine Central R R .
D ETRO IT RAILW AY
1 st M ort. Gold 5s. Due December 1, 1 9 2 4 .
Interest, coupon or registered, June and
December.
Underlying M ortgage.
Prices and Particulars on Application.
S E C U R IT IE S
SU ITABLE FOR
IN V E S T M E N T S .
SOUTHERN AND WESTERN
Securities.
TEXAS
M U N 'CIPA L
R. N. MENEFEE & CO., BANKERS,
1 8 W a ll Street, New Y o r k .
ADAMS & COMPANY,
B AN KER SD EA L ER S IN
IN V E S T M E N T
BANKERS,
No. 7 Congress and 31 State Streets,,
31 NASSAU S T ., N E W Y O R K .
Government a n d
Municipal Bonds
BOUGHT AND SOLD.
A PPR A ISEM EN TS M ADE OR QUOTATIONS
FU RN ISH ED FOR T H E PURCHASE, SA L E, OR
EXCHANGE OF ABOVE SECU RITIES.
N. W. HARRIS & CO.,
BANKERS,
LISTS MAILED ON APPLICATION.
Street Railway Bonds
B O S T O N .
J u l n t ( ® n m t I b t L ' r & G in.
3 6 W a l l & tr p p t,N e a r l u r k .
W e a r e p r e p a r e d to b u y o r s e l l A p p r o v e d
K AN SAS
and
N EBRASK A
BONDS
I n f o r m a t i o n c o n c e r n i n g th e s e b o n d s f u r
n i s h e d o n r e q u e s t.
Telephone 9 6 0 Cortlaudt.
31 NASSAU ST. (Bank ot Commerce Bldg.)
C H IC A G O ,
1 0 0 Dearborn St.
NEW YO R K ,
2 W a il S t.
MUNICIPAL BONDS.
E . C . STAN W OOD & C o .
BONDS,
'M em bers o f Boston Stock E x c h a n g e /
SAVINGS BANK AND T R U S T
FUNDS.
Farson, Leach & Co.,
BONDS
SPECIALTY.
C. H. W H I T E & CO.,
L IST S ON A P P L IC A T IO N .
P U B L IC
lxv.
ordinance passed in July authorizing the issuance of the
$!25,0<0 refunding bonds was repealed on Nov. 23 by tie
Council, the step being taken owing to the discovery that the
original action was not legal, thereby making it necessary to
re-authorize the issue. The ordinance has been signed by the
Mayor and the bonds delivered to the original purchaser.
Staunton, Ya.—Bond Issue.—It is stated that o n Januaiy
1, 1898, the city will issue $28,000 new bonds to take up a
similar amount of 67 bonds then subject to call. $10,000 of
the new bonds will bear 37 interest, as stated last week, and
the remainder 47.
Southfield School D istrict No. 3, New Dorp (Richmond
County), N. Y —Bond Sale.—On December 7, 1897, the $2.0 0
57 bonds were awarded to W alter Stanton & Co. at 101-02.
Following are the bids:
I N V E S T M E N T S . ____
HEREFORD
[V o l .
BONDS
NEW YORK
Union Railway
Westchester Railway Steinway Railway
5s
5s
6s
And O ther Choice Securities.
and INVESTMENT
SECU R ITIES.
F E A R ON
&
CO.,
Bankers and Brokers,
1 0 4 SOUTH F I F T H S T R E E T ,
PHILADELPHIA .
Edward C. Jones Co.,
1 N assau S treet, New York
Philadelphia.
C incinnati.
Blodget, Merritt & Co.,
BAN K ER S,
C. R . GOO DE,
BA N K ERS,
121 Devonshire Street,
BOSTON.
M U N IC IP A L S E C U R IT IE S .
High-Grade W arrants a Specialty
W rite fo r List.
16 Congress Street. Boston.
LISTS SENT UPON A P P L IC A T IO N .
No. 66 Broadway, New York.
STATE, CITY & RAILROAD BONDS-
THE
D ecember 11 1897.)
Prr ♦ium. I
C H R O N IO Lb.
Premium. C Dunty Treasurer has negotiated a short-time note for $32 ,0 0.0
S e a s o n g o o d A M e y e r. ( 'm e i n — $ 5 .7 00 I R . L D a y & C o .. B o s t o n ..............$301 85
W . J . H a v e s Jc S o n s , C l e v e la n d . 3 id 50 | N - VV. H a r r i s A Co.. C h ic a g o . . . 2 7 8 0 0
B l o d s e t, M e r r it t & C o., B o s to n . 3 >7 0 0 1
Bonds were awarded to Seasongood & Mayer. They will
mature $2,000 March 1, 19 3, and $3,0J0 September 1, 19 3,
For further particulars see Chronicle of November 20 1897.
Steuben County (P. 0. Bath), N. Y.—B o n d s Proposed .—
It is stated that the Board of Supervisors w ill endeavor to
refund at 4? the $50,000 O bonds issued in 1868.
J
Stonew all County. Texas .— B o n d i R egistered.— On Dec
3 , isy?, the Comptroller registered $7,500 county court-house
bonds.
Troy, N. Y — B ond Sale .—On December 8 , 1897, the $13,5 0
3
public improvement bonds were awarded to Mason.
Lewis & Co., Chicago, at 1 TOT. Twenty-three bids in all
were received. Bonds mature December 15. 1916 For fur
ther details regarding the bonds see Chronicle last week,
p. 1085.
Utica, N. 1'.—B o n d A u c tio n .— On December 9, 1897. the
Dry Dock Savings Bank of New York City was awarded the
$30,000 4? academy bonds of this city at 101'31; the $10,000
4S Whitesboro Street bridge at 1G8>50, and the $5,000 4|*
Broad Street bridge at 102-02. The academy bonds mature
$ 1 0 ,0 0 0 annually and the bridge bonds $ 1 ,0 0 0 each year.
Urbana, III .—B o n d Sate .—The city has sold to local in
vest k s $1,522 22 paving bonds.
Yan Wert County ( r . 0. Van Wert), Ohio.—Bend OJferin g .— The Board of County Commissioners will sell at public
auction at 12 m. December 11, 1897, $2,000 5 f ditch-improve
ment bonds. Securities are issued pursnmt with sections
4479, 448 > 4 4 8 1 and 4482 of the Revised Statutes, for the pur
,
pose of refunding bonds maturing December 1, 1897. They
are in denominations of $ 1 ,0 0 0 , interest being payable semi
annually at the County Treasurer’s office. Principal matures
three years from date of issue.
Wait ham, Mass.— B onds A u th o rize d .— This city has been
authorized to issue $4,000 funding bonds.
W ashington .—P erm anen t School F u n d In vestm en ts .—On
December 1, 1897, the Board of State Land Commissioners
authorized an investment of $ 1 0 ,0 0 0 of the permanent school
fund in general fund warrants of Olympia.
Westchester County, N. Y. — T em porary L o a n . — The
M IS C E L LA N E O U S .
f iV la ss
by
A g e n ts
W a n te d
FIRHT-CLASH COMPANY.]
L IB E R A L C O N T R A C T *
U N E .V C K L L E O PO LE JR B
INCORPORATED 1
*4%
U n io n M u tu a l
L ife In su ra n ceC o m p a n y ,
_________ ____
P o rtla n d .
7*1 m l n r .
SALE
A PREY flO
W IL L IA M B. DANA COMPANY ,
Pine street, New Vork.
O F
P
MIS C E L LA N E O U S.
THE
L IV IN G
AGE.
Founded by E. U1TTELL in 1844,
A M a g a z in e o f
R I C E S .
1878 —1890.
FIN ANCIAL
The Mutual Benefit
LIFE IN SU RAN CE CO., N E W A R K , K . J l
*M Z J D O D D . P r e sid e n t
R ep ro d u c e* w ith o u t a b rid g e m e n tth e a b le s ta r tic le s
f r o m t h e I> *»ding B r i tU h re v ie w * , m a g a z in e * a n d
w e e k ly l it e r a r y a n d p o lit ical j o u r n a l 9 in e v e r y d e p a r t m e n t o f L i t e r a t u r e ; a ls o t r a n s l a t i o n s f r o m t h e
F r e n c h . G e r m a n . R u s s i a n , S p a n is h , I t a l i a n a n d
o t h e r C o n t in e n t a l S o u rc e * .
A s s e ts ( M a r k e t V a lu e s ) J a n . 1 .1 8 0 7 ..............$ 6 0 ,7 4 2 ,0 8 6
L i a b il it ie s (X . J ..N .Y . a n d M a ss. S t a n d a r d ) . 60t4S4,8O »
S u r p lu s .......................................................................... 1,308.676
“ AN
EPOCH-MAKING
STORY,”
F r o m t l i e F r e n c h o f M . Rene B a z in .
A r r a n g e m e n t* h a v e b e e n m a d e f o r t h e s k k t a l
P I ’ i h .h a t i o n o f a t r a n s l a t i o n , m a d e e x p r e s s ly
f o r T H E M V IN O A G E , o f t h i s f a m o u s n o v e l. T h e
ttn»t i n s t a lm e n t a p p e a r * in t h e n u m b e r o f N o v . ft, m id
I t w ill b e c o n ti n u e d w e e k ly f o r s e v e r a l m o n t h s u n t i l
P L IE A SO U I V N N O P IT B Jl A X
O IC S B L TB O '-P H K A L FT B
HC N TIAB,
i OD
I n c a s k o r l a p s * t h e P o lic y is c o n t t n e t e d i v
r o a c * u s U n ff a s i t s v a l u e w ill n a y f o r : o r if p r e
f e r r e d a C a s h o r P a i d - u p P o lic y V a lu e la a llo w e d .
A f t e r t h e s e c o n d y e a r P o l ic ie s a r e I n c o n t e h t a a im
and all restriction* as to residence. travel or occupa
tion are rem
oved
T h e C o m p a n y a g r e e s in t h e P o lic y to L o a n o p tex
t h e C a s h S o r e a d o r V a lu e w h e n a s a t i s f a c t o r y a a aijrn
m e a t o f t h e Polio*" i s m a d e a s c o ll a te r a l s e c u r i ty .
L o s s e s p a id im u e d la t e ly u p o n c o m n l c t i m a n d
r o v a l o f p ro o fs .
F red.
M.
S m ith ,
70 S O U T H S T R E E T ,
A n th o r ^ . .. W ) T | , \ I , I . H E R H E A R T .”
A U BU RN , N EW YOB K ,
r K t t
T o a ll N e w S u b s c r i b e r s t o t h e
1.1 v i n e A p e f o r 1* *, w ill b e s e n t F r e e t h e el h iA u c t i o n e e r , A p p r a i s e r
and
N e g o tJ a to w
w um i* r* of 18..* 7 c o n t a i n i n g t h e fir s t I n s t a l m e n t s o f
M a k e s a S p e c ia lty o f S e llin g R E A L E S T A T E a n d
W IT H
A
L
H E R
H E A R T .”
P E R S O N A L P R O P E R T Y f o r p a r t i e s w is h in g t o
P u b l is h e d W e e k ly a t § 6 a y e a r , p o s tp a i d . S in g le R E A L I Z E Q U IC K L Y .
M a k e s a S p e c ia lty o f S e llin g S e c u r i t ie s f o r M U N IC
I P A L I T I E S a n d C O R P O R A T IO N S , t h a t r e q u i r e e
THE^LIVIJTG AGE COMPANY, Boston.
e x te n s iv e a d v e rtis in g fo r p u rc h a s e rs.
M a k e s a S p e c ia lty o f N E G O T IA T I O N S f o r H O T E L
P . O . B o x 5206.
P R O P E R T Y , S E C U R IN G L E A S E S , A P P R A I S I N G
F U R N t S H M S S . B U Y IN G a n d S E L L IN G .
B u s in e s s c o n n e c tio n s w i t h S y r a c u s e . H e a d q u a r
t e r s . Y a te s H o t e l.
SECU R E BANK VAULTS.
OCR ANNUAL
THE
M IS C E LLA N E O U S .
Foreign Periodical Literature.
lt< U te.rary a n d e th i c a l q u a l i t i e s a r e s o u n u s u a l
t h a t t.fM
ntilti t.it •tra lrci f f Politique* d e s c r i b e d i t
a* •* Vo K p w h - M a k l m r Story #rY
D T U I N I i T I I K Y E A R o t h e r t r a n s l a t i o n s f ro m
t h e b e s t w r i te r s w ill p p e a r f r o m t i m e t o t im e , w ith
se ria l o r s h o rt a to n e s by th e L e a d i n ? B r i t i s h
SINCE. I860.
M A N G E
in anticipation of the collection of taxes.
W hite County, 111,— B ond E lection .—An election wi 31 be
held January 18, 1898, to vote on the question of iss n in g
$2SO.OO i 4 %% refunding bonds.
Woburn, Mass.— le m p ir a r y L o a n .—The Common C oun
cil of this city has authorized a temporary loan of $50,0(0.
Woodford County, By .— B o n d Sale .—On Novem ber 29,
1897. .<>•!,000 4s refunding bonds were sold at auction to
Rudolph Kleybolte & Co.. Cincinnati at par. Bonds are
issued to refund the county's railroad bonds and to enable
the county to pay the turnpike debt Interest payable semi
annually. Principal matures $2,500 Jan. 1 , 1903, and $2,500
yearly thereafter. Bids were also received from Ed w. C. Jones
Co., N. Y .: The Lamprecht Bros. Co., Cleveland: Seasongood
& Mayer, Cincinnati, and N. W. Harris & Co., N. Y.
Woonsocket, B. I .— Bond O ffering .—Proposals w ill be re
ceived until 1 p. m. December"15, 1897, by S. P, Cook. City
Treasurer, for $50,000 4-; bonds, series “ 8 ,” and $50,000 4%
bonds, series “4." Bonds of series “ 8 " w i'lbe dated February
15, 1897, and will mature February 15, 1925: those of series“4” will be dated Aug. 15,1897, and w ill mature Aug, 15, 1925,
Interest will be payable semi-annually at City Treasury.
Bids will also be received by the City Treasurer at the same
time as above for 850,000 4s registered gold bonds, to be is
sued to fund floating water works improvement debt. These
securities w ill be dated May 1, 1895, and w ill mature May 3,.
1915; denomination will*be $1,000, and interest will be pay
able in May and November at the City Treasury. Bids m u st
include accrued interest from November 1 , 1897.
X enia, Ohio .— Proposed P urchase o f W ater W o r k s .—A
meeting of the citizens has been held to discuss the que stion
of purchasing the water works. A committee of citizen s h a s
been appointed to gather facts and figures and report a t
a meeting to be held at some future date.
Yazoo M ississippi Delta Levee D istrict, C larksdale^
Coahoma County. Miss.— B ond Sale .—It may be interes ti rig
id note that the $5 >0,000 bonds of this district sold Aug a st 1,
1897, were taken at par by a syndicate of bankers in Mem ph is,
Tumi. Bonds bear interest at 6 7 , payable January and J u l y ,
and the principal matures in from 20 to 5 ) years. Both p ri ncipal and interest will be payable in New York City.
"W I T H A L L H E R HEART.'*
CHRONICLE VOLUMES.
FOR
1141
RE VIE \V
G lv e § » m o n th l y r m g e o f S to c k a m i R o a d P r ic e s
f o r ftv c y e a r* .
Ready Jan. 15.
1
tA p give*.................1*78-1882
sm
18** fustic gives....... .........
1807 Ham9 Hres y.iy ......” *1882-1006
i
P R IC K , f -l P E R C O P Y
$4 P irn
W IL L IA M R, D A N A C O M P A ?
FEA TU R E
S T IIE K T ,
NEW
YOB K.
Price in Light Leather Cover*,
To Subscribers of the Chronicle*
-
lureitraeut Securities
I I . J . MOTt**, C H A 8 D . M 4R T1W ,
W
M KWUMU
H o u n d a n d F l a t B a r , a n d i5 - p l v P la t e s a n d A n t-leu
y O K S A F E S , V A U L T S , &c .
C a n n o t b e S a w e d , C u t o r D r ille d , a n d p o s it iv e l y
B u ru la r P ro o f.
CHROM E HTKEI. W O R K S ,
81 00
T6
K«tnhU«h*<l 1H4CV
M BER* Of ,V YO STO EXCHANGE
EM
EW RK
CK
Allow infers** i deposit* snbI©ct to ultfbt cnec*>
B sy * < * v on wmml^s'oo *tocks and bond* #ltbpr
u n 1 * il
f»r e**h or on margin, and deal In
GENUINE
WELDED CHROME STEEL AND IRON
K e n t A r e ., K e e p & 1l o o p e r 8 is .
S o le M ftn ’f ’e r . in t h e U . 8 . B R O O K L Y N * S . Y
From 1892 to Jan. 1, 1898.
HA M i H U S
W ALL
S P E C IA L
Yearly Range of Prices
e/b.cil)
18
Hand-Book oi RR. Securities,
S P E C IA L H A T E S F O R Q U A N T IT IE S .
WILL IA H B. DANA COMPANY
I
7
PI NE ST., N. Y,
CHRONICLE VO LU M ES
1 8 7 4 -1 tJST-SW VOLUMES.
B o u n d in fu ll m o ro c c o . O
ffer w a n te d f o r t h e s e t
A d d re ss
W IL L IA M B . D A N A C O M P A N Y .
76W Pine Slreet, New F o rt.
THE
1142
C H R O N IC L E .
[V ol. LXV.
ffiuaucial.
fin a n c ia l.
grust (Companies.
T h e A u d it C o m pa n y
MANHATTAN ISLAND
REAL ESTATE
The Merchants’
Loan & Trust Comuany
Chicago.
OF NEW YO RK ,
I N V E S T M E N T .
Equitable Building', 12o Broadway.
■ A o tin y President,,
Vloe-Presldent,
AU G U S T B ELM O N T. W IL L IA M A . N ASH .
Manager,
Chief Consulting A u d ito r,
TH O M AS L , G K EEN E. S TEP H EN L IT T L E .
Consulting Engineer,
W IL L IA M B A R C L A Y PARSONS.
Chief of Corps of Eng’rs, Secretary and Treas’r,
2 0 9 ,"2 1 1 and 2 1 3
H E N R Y B. SEAM AN . E D W A R D T . P E R IN E .
E a st T w e n ty -T h ird S tre e t.
D IR E C TO R S
August Belm ont,
A . J . Cassatt,
Speaking of Manhattan Island Real
Frederic P. O lcott,
M arcellus H a rtle y
James Stillm an,
Charles R . F lin t,
Estate Investment, the “N. Y. Evening
W illiam A . Nash,
George Coppell,
Rost”, April 3, 1897, said:
Joseph S. Auerbach, G. B. M. H arvey,
“ * * it is sure in tim e to become
•George G. Haven,
Jo h n I. W aterh iiry,
immensely profitable ; for the in
George W . Young.
crease in the fee value of the prop
A D V IS O R Y C O M M ITTEE
of Stockholders:
erty will be attended by a greater
W. Bayard C utting,
T . Jefferson C oolidge,Jf
demand * * and a relative increase
W alter G. Oakman,
Charles S Fa irch ild ,
in rents.”
A . D . Ju illia rd ,
Gustav E . Kissel,
H en ry W. Poor,
Issac N. Seligman,
Write or Call for Particulars.
Louis Fitzgerald,
Robert M aclay.
The A u d it Company examines and re
ports upon the acoounts and financial con
BA N K S.
dition of corporations, copartnerships, and
Individuals, and examines and reports upon
FIRST NATIONAL BANK
the physical condition of railroad, manu
OF MILWAUKEE.
factu rin g and other properties.
CA P IT A L ,
01,OOO,OOi
Its services are of value to investors,
SURPLUS,
0450,001
financial in stitutions, borrowers of money,
directors of corporations, merchants, Arms,
T r a n s a c t s a G e n e r a l B a n k in g a n d F o r e ig n E x c h a n g e
B u sL ness. C o lle c tio n s r e c e i v e S p e c ia l A t t e n t i o n .
and purchasers of properties.
C A P IT A L AND SU R P LU S, - 0 3 ,4 0 0 ,0 0 0
CASS R E A L T Y
C O R P O R A T IO N .
O F F IC E R S :
F . G . B i g e l o w , P r e s ’t .
F . J . K i p p , C a s h ie r .
W m . B iG E L O W /V .-P re s ’t . T . E . C a m p , A s s ’t C a s h ie r .
F . E . K r u e g e r . 2d A s s ’t C a s h ie r .
Jos. O. Osgood,
San Francisco,
M . A M . SO C . C. E .,
130 B R O A D W AY , NEW Y O R K .
REPORTS ON INVESTMENT PROPERTIES,
Railroad Location and Construction,
WM. FRANKLIN HALL,
A c c o u n ta n t
B a s a K r * boston , m a ss .
O F SAW F R A N C IS C O , C A E .
UN ITED STATUS D EPO SITARY.
8
D IR E C T O R S :
M a r s h a ll F i e ld ,
C. H . M c C o rm ic k ,
Jo h n D eK oven,
A lb e rt K e e p ,
J o h n T y r r e l l,
L a m b e rt T re e,
P . L . Y oe,
J .W . D oane,
G . M . P u l lm a n
A . H . B u r le y ,
E T . W a tk i n s ,
E r s k in e M .P h e l p s ,
O r s o n S m ith ,
Authorized by law to accept Trusts and
receive deposits of Trust Funds. Acts as
Executor, Adm inistrator, Guardian, Con
servator, Registrar and Transfer Agent.
Unrtft IVmcriam
"g v n s t
dPm upaup,
100 B R O A D W A Y , NEW Y O R K ,
95 G R E S H A M
ST R E E T , LONDON, E.
C A P IT A L ,, 0 1 ,0 0 0 .0 0 0 .
UN DIVIDED P R O F IT S , 0 4 0 0 ,0 0 0 .
Authorized to act as Trustee, Guardian,
Assignee and Fiscal Agent.
A ll conservative trust company business
accepted.
S A M U E L M. J A R V IS , P r e s id e n t.
R O L A N D R . C O N K L IN ,
E. J. C H A PP E L L ,
V ic e P r e s i d e n t .
L o n d o n T re a su re r.
S. R . H A R B E R T ,
S. L . C O N K L IN ,
L o n d o n S e c re ta ry .
S e c re ta ry .
The
Investment Company
of Philadelphia,
3 1 0 C h e s t n u t S t., P h i l a d e l p h i a .
The First National Bank
O a .ita l, 8 1 ,3 0 0 ,0 0 0 I 8urplu»,
O R S O N S M I T H , V ic e - P r e s id e n t .
E . D . H U L B E R T , 2d V i c e - P r e s id e n t .
J . G. O R C H A R D , C a s h ie r
F . N . W I L D E R , A s s i s t a n t C a s h ie r .
8 0 3 0 ,0 0 1
. G . M u b p h v , P r e s i d e n t , J a s . K . L y n c h , C a » h le
JA m s s M o f f i t t , V . - P r e i - J . K . M o f f i t t , A « t. C a i)
G e n e r a l B a n k in g B m l n e u . A c c o u n t , S o lic ite d
Paid-Up Capital,
-
-
8 8 0 0 ,0 0 0
T h is C o m p a n y u n d e rta k e s th e n e g o tia tio n a n d
i s s u e o f l o a n s a n d c a p it a l o f C o m p a n ie s o n t h e N ew
Y o rk o r P h i l a d e l p h i a M a r k e t a n d w ill m a k e a d
v a n c e s u p o n a p p ro v e d C o rp o ra te , P e r s o n a l o r R e a l
E s t a t e S e c u r ity .
U n d e r i t s c h a r t e r r i g h t s i t w ill a c t a s T r u s t e e ,
A g e n t o r M a n a g e r f o r t h e c o n t r o l o f c o r p o r a ti o n s
o r fo r t h e c o n s tr u c tio n o f p u b lic o r p r iv a te w o rk s
Canal Bank,
fin a n c ia l.
N E W ORLEAN S, LA .
( S u c c e s s o r o f N . O. C a n a l & B a n k i n g C o .)
C A P IT A L , 0 1 ,0 0 0 ,0 0 0 .
t h e
f in a n c ia l
r e v ie w
„ . „ „ ANNUAL-189?-,
w rT V fr «
T ° C H R ° ™ t E S u b s c r ib e r s , $ 1 50.
W IL L IA M B . D A N A C O M P A N Y . V‘ P i n e S t.. N Y
,%
W l x lt i x i Q
J . C. M O R R IS , P r e s i d e n t. E D W A R D T O B Y , V ic e
„
P r e s . E D G A R N O T T , C a s h ie r
C o r r e s p o n d e n t s —N a t io n a l C ity B a n k , N a t io n a
B a n k o f C o m m e rc e , N e w Y o r k ; B o a t m e n ’s B a n k
S t L o u i s ; N . W . N a t io n a l B a n k , C h ic a g o » M e r
c h a n t s ’ N a t io n a l B a n k B o s t o n
gaper.
t h in k
More seriously about the paper used in their ac
count books. Do you know the W h itin g L in e n
Ledgers f They are perfection, and will withstand
the severest tests of erasure and re-writing. They
aie made in tints that give the eye most ease by nat
ural or artificial light. Recommended by oculists.
Write for samples and booklet, free.
W H IT IN G P A P E R
Holyoke, Mass.,
and
&
FR EESE,
53 B R O A D W A Y , N E W Y O R K .
w
s h o u l d
HAIGH T
B o s t o n , 85 S t a t e S t,; P h i l a d e l p h i a , 402 W a l n u t S t .
W
b a n k e r s
B A N K IN G H O U S E O F
E x e c u t e o r d e r s I n S to c k s , B o n d s , G r a in , C o t to n
a n d P r o v is i o n s o n t h e N e w Y o r k , P h i la d e l p h ia , B o s
t o n a n d C h ic a g o G r a in a n d S to c k E x c h a n g e s f o r in
v e s t m e n t o r t o b e c a r r ie d o n m a r g i n o f 3 t o 5 p e r
c e n t a t m o d e r a t e r a t e s o f i n t e r e s t a n d 1 -1 6 c o m m is
s io n . I n t e r e s t a llo w e d o n m a r g i n s a n d d e p o s it s s u b
j e c t t o c h e c k a t s ig h t .
D E T E R M IN IN G T H E F IN A N C IA L R E
S P O N S IB IL IT Y OF T H E F IR M W I T H
W H IC H YOU D E A L IS A S IM P O R T A N T
AS SELE CTIN G T H E R IG H T S T O C K S .
P r i v a t e w i r e s t o B o s t o n , P h i l a d e l p h i a a n d C h ic a g o .
Branch Office, 1 1 3 2 Broadway, New Y o rk .
Ban* and Trust CompanyStocks
New York and Brooklyn
B O U G H T A N D SO LD .
CLINTO N
COM PANY,
2 W ALL
150 Duane Street, New York.
S T ..
G IL B E R T
NEW
YORK.
A. Strassburger,
w
STO C K S & B O N D S B R O K E R
W
BOUTHERN INVESTM ENT SECURITIES,
Montgomery, Ala.
@FedFRASER