Full text of Commercial and Financial Chronicle : December 25, 1897, Vol. 65, No. 1696

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Quotation -Supplementing) Street Railway Supplement Quarter^1
investors Supplement (Quarterly) State and City Supplement ($mAmw0
, Batered *ooordUnif to Act of 0 ) a < n s s . la to* /o a r 1 8 9 7 , by the W il l ia m B . D a n a Oo m p a k y , In t i e office o f tbe Librarian o f Congress.]

VOL, 65.

SATURDAY, DECEMBER 2o, 1897.

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W I L L I i n B . D A N A O O U P A A V , P a b ii* lio n i,
P in e s t r e e t . C o r n e r o f P e a r l S tre e t,
Po*T O m o i B o a 0 5 8
n e w
y o

r k

.

C L E A R IN G S O U S E RETURNS.
The follow ing table, made up by telegraph, etc., indicates
that the total bank clearings of ail the clearing houses
o f the United States for the week ending to-day, December
2d, have been 51,0s.),219,511, against 11.4)8,924,501 last week
and $872,383,214 the corresponding week of last year, Fig­
ures in each y> ar cover only five business days in eonsesequence o f the Chris’ mas holiday.
Cle a r in g s .
Wit amt bv 7 digraph.

Week Ending December 2>.
1897.

1896.

PerOent.

s33o.a -w .iu
30,860.513
02.003.023
U , 540,991
8 47,306
26,001,769
10,846.459

1417,338,385
00,903,605
40.849,953
9,023,805
67.2 19,148
16,530,257
8,308.783

+51*1
4-42*6
4-518
1-51*2
+65-3
4-51*2
4-30*5

Seven dittos, 5 days . . . . . .
Other cities, 5 days...........

fO2i.2O0.273
165,019,268

S81O.703.900
117,070.248

4-51*3
4-41 0

Total ail cHles, S days ...
All flltle*. 1 day __ « . . .

§1,089,219,541

8727,840,244
141,142,970

•449*7

*872.383,214

4-24*0

Total all cities for week

1897,

W EEKLY.

European Subscription Six Months (laduiUn^ postage).

f 1,089.219,5-11

NO. 1696

The full details of clearings for the w e e k covered by the
above statement wit! be given next Saturday. We cannot,
of coarse, furni-*h them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
ha veto be in all cases estimated, a< w e go to press Friday night.
We present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon. December 18. and the results for the corres­
ponding week in 1893. 1895 and 1894 are also given. Con­
trast"'! with the preceding week, there is an increase m the
aggregate exchanges of about ninety-two million ool
lars, and at New York alone the gain is eightyone and a half millions. In comparison with the week of
189*5 the total for the whole country shows an increase of
27 9 oer cent. Compared with the week o f 1895 the current
returns record a gain of 11'8 per Cent, and the excess over
1-Mi t i3 ps per cent. Outside of New York the excess over
189*1 is 13-7 per cent. The increase over 1895 reaches 0 1 per
c»nt, an i making lomnariaon with 189>1 the gam is seen to
be 17*4 per cent,

* '880

New Yor*.. . . . . . .
P hiladelph ia.. . . .
P ittsb u rg ....... ..
Baltimore.............
Buffalo.^............. .
W ashington..,
Rochester...... ...
Syracuse. . . . . . . . . .
Scranton...............
W ilmington.—
B in gh am ton..
Total M id d le .....

835,240,517
76,7552.03(1
16.888.75fi
18,510,408
4,688.256
2,871.374
1,847.83(1
1,075,001
8-*8,''71
699,292
330,4').
638,519,371

«
623.405,190
63,098,470
13,435,715
ia.ail,174
4,583.219
1,701,547
1,470,453
933,477
377,410
024,017
302,000
724,3,0,. 02

B o s to n ..,.. ...
Providence. ..
H a rtford .........
New Haven.
Springfield. ...
W orcester........
Portland,,...*.
Fall R iver.......
L o w e ll...... .
New Bedford..
Total New Bng...

U2.&93,!8l
0,231,000
2,330,612
1,668 Oil1,590,121
1.573,10
1,307,091
977,85*
052,780
490,53a
129,517,180

94,810.664
5.7 2.4,000
2,039.2 L0
1,4 28,084
1,78(1.77*2
1,437,768
1.400,890
1215,-47
531,791
4 *7.500
110,036,03

Chicago............... »*
Cincinnati,.,.......*
D e tro it.. . . » .......*
Cleveland................
Milwaukee..............
Oolum bu*...............
Indianapolis . . . . . . .
Peoria...*., ...........
T o le d o ..... ■;***•*♦•
Grand Rapids .. ..
Dayton......... — •*Lexington.. . . . . . . . .
Saginaw................
Kalamazoo......... .
Akron........ .
Bay City.................
R o c k fo r d ...,. . . . . . .
Springfield, Ohio..
Canton.. .. .. . •
Youngstown*.......-■
Tot. Mid. West’s

10130L0U
13 558 200
7,lS< 200
7.838.705
6,007.406
3.800,30,
2810,004
1.890 5*9
1.575 130
1,074,558
091 721
410,67?357,000
307.298
282.70
230.18!
211.030
157.5i&
i;
278 420
149,853,143

93.597.016
12.267,60
7,t»W,03f
e.ssw.twi
4.712.681
4.000,060
2,148.75>
1,577,359
1.413.808
798.911
559,29 J
801,870
350,000
240.676
270,9 JO
260.000
196.070
153,66'J
191,819
i38.3U6.32r

1897.
P. (Jeni

1895

+38 8
-*-21 6
+24 b
+27*i
-0 1
+29*0
+25 6
+15*2
+1-+12 1
+9 4
+30 4

+18 & 100.837,738
1-8 9
7,2lw, v00
+11*8
2.545.278
1-1(1 4
1.69-4 477
1,500.975
1,441.000
+9 7
-0 7
1,427.501
1.2v3fi*! 0
—21 6
+12 if
730,000
+ 0 -J
520,18)
+10*7 119.142,870
+8*2
+10 5
+ 16

747.817,570
72,339,984
15,197.127
u .a si ox9
5.849,217
2.U4.993
1,064 996
1,244 954
8-8,359
749.4,8
333,801
saa.tua 4«i

+26 e
-7 *
+31 3
+19 c
-f-J L'l
+3A o
-t-24 1
+36*1
+'.'6
+27*0
+t-2
—s o
+20*4
+2 0
-A 0 7
+99

144,224,224

125.691,938

Ban Francisco...
Sait Lake City...
Portl a n d . •
Los Angeles.....
Tacoma..............
S e a ttle ....* .....
Spokane...........
Fargo...... ............
Sionx Falls------Total Pacific..

14,195.0-3
1,313,477
1.326.283
26471005
504 143
501 078
482,896
157.725
102910
21,250,440

Kansas City..,
Minneapolis...
Omaha...... ...
St. Paul........
D e n v e r,... .. ..
Davenport..,..
Sc. Joseph ...
Dos M oines—
Sionx City----L in c o ln ...........
Wichita...... ...
Topeka............
Fremont........ .
H astings.......
Tot. other West

10,592.053
11037.109
5.488.0*ll
4.710 499
2,078.407
678,0)2
1.113,394
1,300.000
010,987
510,000
402,148
677,122
09.017
10S.313
40,810,103

11,420.974
9,394,504
8.7 i i +30
4,011.730
2,482,810
518,283
1,375,000
1 084.570
495.414
131, *27
328,640
024.907
50.0' C
68,«54
36,971,133

-7 2
+232
t 46 b
—3*6
+7 6
+1T0
+27 9
+19 9
+30-0
+5'8

11,587,717
10,253,408
4,414,694
5*482.680
2,953.039
2,100.000
1,341.000
1,022.005
675 031
4»9 328
49-087
505.414
00,587
77.927
41,535,143

St. L ou is.... . . . . . .
New Orleans........
Louisville............
Galveston.............
H ouston...............
Savannah,... .. ..
Rich mood............
Memphis,.. . . . . . . .
Atlanta...... ..........
D allas.!...........
Nashville.............
N orfolk.................
Waco...................
Fort Worth......
A u gu sta ..............
Birmingham......
Knoxville.-.........
Little Rock..........
Jacksonville . . . .
Chattanooga.....
Total Southern.

29,128,089
H.OOAUi
U.lHl.lSt
8,871
-1,217,101
3,157,025
2.620,057
2.746 P25
1,915,700

20,018 014
13,283,362
0,787,8*0
3,703.651
8,656,751
3.013.35C
2.279.505
2,543.)4(
1,881,304

+12-0

1,070,401
947,52!
001 06)
853.8<5(
1.127,7«(
480,987
439,437
*407,771
210.430
346.857
~ tF S E sm ~

1,120,807
1.096.622
1.025.321
844,44'
930,59?
440,01 j
370,35'
880,19
275.05c
246,00C
71,007.Oil

1.408,924,50* 1,101,529,4 8r
543,079,044 478,124,241

000,098
351.171
107.750,635
85,936.930
13.628.750
6.051,291
5,539.716
4,300,473
3.791 200
1,403 304
2,250,000

+16 8
11,226,024
-—23 it
1,825,625
1.492,830
+
? 2 i7
+28
1.911.003
+6t> 5
460,ll 3
+U9 7
552,048
+27 0
015,L7d
127,448 + 130 3
35,815 +216 4
-j-2U*l
21.276,221

,

02,045,962
0,064.600
2,131,341
1.437,158
L378.03O
1,412,902
1,339.252

08.314,012
>3,863,500
7,152 792
6,-29.038
4,993 6.i8
3,576 200
2.303.608
1,617 830
1,592 881
8-9.089
631.383
3us 996
495 313
297 685
309.709
213,501
230.037
227,043
229 600

10.610,156
i 388,089
V*H0,v42
2.498,291
766,248
1 103.947
781,426
207.384
113,3*8
25,545 812

Total all..

1894.

f

—7*5
+7+9
+67 8
+10*4

+5A
—4*3
+4*6
+15 3
—12*5
+15-0
+8*0
+TS
-M
-63*<
+ L*1
+21'2

+9

+ 18*6
+7-3
-23*0
+41*0
+5*0

871,059
383 594
277,743
275 849
231,752
330,084
179,087
196,075
170,420

33,097,834

20,334,270
)1,U«\001
0,202,999
3,407.000
3.7(12 037
8,927,133
2,578.508
1,809,226
1,043,132
1,186,211
1,001,070
770 480
870.100
409,251
456 R29
400,512
285.339
261.201
71.718,112

+27*1 1200,843,674
+13*7

613,0262004

1X.0G8.07O
11.930.39C
+XV5
13,269.261
Montreal............
7,839,272
+0*)
7.727,112
7.063,601*
Toronto........ .
1,884.977
1,244.042
—7
1,145,
m
H alifax. ...........
1,810,808
1,453.703
+19*12.15« 412
Winnipeg.*.-*-* -3*7
092,924
000,93<
830,00?
Hamilton............
+24*6
048 977
519,951
St, John*,. *........
21,158,245
28.339.852
+10*1
25.580.'>4 1 23,235 830
Total Canada.
* Not included Intotais.
+ Pahiieitioa discontinued for the present.

1196

THE CHRONICLE.

[V o l , L X V .

responsiveness to any increase or decrease in the re­
quirements of commerce. We have referred to this,
THE F IN A N C IA L S IT U A TIO N .
feature many times. But a new development this
The general business situation remains without any week calls attention to it again. It was announced
material change this week. Money has grown a little on Wednesday from Washington that $3,000,000, the
closer and foreign exchange has declined (leading legal limit to national bank note contraction in a sin­
to gold engagements in London), while Mall gle month, had already been reached for December,
Street values have fluctuated from day to day with an and that no more could be retired until the New Year
undertone of strength, the close showing, with few opens. Our readers will remember that this limit was
exceptions, no material alteration in price. The re­ fixed in an act passed July 12 1882. Why is it that
cent loss of activity in the stock market has probably the tendency to contract the volume of the currency
been chiefly due to the demoralized condition of rail­ should be so urgent just now when rates of in.
road rates, which has become a source of some anxiety. terest are higher than they have been and
It seems impossible under the decision of the Court in when the prospect is that around the first
January there will be
even
a greater
the Trans-Missouri Freight Association case and of
in the present state of our laws to hold the roads to need for currency. The reason is obvious. Contrac­
any fixed tariff. At the same time industrial affairs tion or expansion of the volume of national bank notes
as a rule are not quite as encouraging as anticipate!. has not on this occasion and never does have any, even
Prosperity is spotted, consumption in many cases not the slightest, connection with commerce and its needs ;
keeping pace with production, and consequently stocks either movement would go on all the same whatever
have accumulated. Notably is this true of the dry the rate of interest might be or however slight
or pressing the demand for currency was for com­
goods trade, and especially of cotton goods.
In the Fall River cotton mills, and in many in­ mercial purposes. The whole explanation, as we
stances the mills at other New England points, a cut- have so often said, lies in the fact that the
down in wages has been ordered to take effect on the market price of the underlying Government security
3d of January. The explanation of this action is is either so high that the bonds are more valuable
afforded in the records of past trade results as given to sell than to use them as a basis for currency
in our dry goods report from week to week. New (that is the condition to-day, and hence theevidence of the unprofitable character of the business contraction), or so low that it is the more profit­
is found in the statements and dividends of the com­ able to buy them and expand bank currency issues, as
panies just made for the last quarter of the year. We was the condition so much of the time in 1896, when
have prepared and publish on page 1204 to-day our money was a drug.
While the trunk lines east of Chicago, on account
usual review of the Fall River figures. Only the
most favorably situated mills, the best equipped prop­ of the demoralization in rates, are evidently making
erties, can show a profit. The average cotton manu­ very little money, as is apparent from the returns of
facturer has not only failed to earn a dividend but has the Vanderbilt roads reviewed on another page, west
been losing money, battling against adverse circum­ of Chicago the roads have been able to add greatly to
their revenues despite the fact that the rate situation
stances the most of the year.
What has proved particularly embarrassing is the there is also unsatisfactory. The whole West is pros­
over-production of goods in progress, evidenced by perous by reason of the fortunate condition of the
the increasing stocks of print cloths, which if not farming interest, and the railroads naturally feel the
checked means a still wider and larger loss. The effects in a greatly enlarged volume of traffic, both
reasons given for this unfavorable status and cut- freight and passengers. The fruits of the improve­
down in wages are Southern competition and the fact ment are seen in the new or increased dividend dis­
that in the race with competitors New England mills tributions by Western roads that are being all the
are handicapped, and so put to a disadvantage, by State time announced.
This week we have had two announcements of
laws which directly and indirectly regulate wages.
There is no doubt truth in these statements. But is this kind. The St. Joseph & Grand Island has de­
there not a further and may we not say a deeper truth clared its first dividend of 2^ per cent on its first
with which the mills are struggling ? Have we not preferred stock. The company was reorganized last
to-day more cotton spindles in the United States February on a reduced basis of fixed charges. Its
in some departments of manufacture than can fortunes have always fluctuated with the varying
be profitably employed turning out goods for the character of the crop yield from year to year in the
home trade ? Must we not accept the conclusion that section traversed by the lines of the road. This year
home consumption cannot take the product of our the crop situation is excellent and earnings large.
mills running on full time ? In other words, do not In reality a dividend on the preferred stock is a
the developments of the past few years disclose a sit­ payment on the old first moitgage bonds. Un
uation of the cotton goods industry which makes it der the reorganization these old bondholders re­
necessary that we cultivate foreign markets or else do ceived only 50 per cent in new bonds (which, more­
as we have done the past two years, alternate full over, bear only 2 per cent interest at the start), be­
time with short time while accepting as chronic con­ sides an allotment in new first and second preferred
ditions a dragging market, small profits and dis­ stock. It is the first preferred stock on which the 2-^
gruntled labor ?
per cent is now to be paid. The statement submitted
Monetary reformers ought to be able to get a hint at the meeting of the board of directors showed esti­
out of current events. To-day is peculiarly opportune mated net earnings of $246,249 for the six months to
for observing a demonstration in progress of the de­ December 31, while a half-year’ s interest (at 2 per
fectiveness of a bond-secured bank note currency in cent per year) on the 1st mortgage bonds calls for
the most important quality such a note ought to pos­ only $35,000, leaving a balance of. $211,249. The 2i
sess. The quality -we refer to is elasticity—that is per cent on the 1st preferred stock will take $137.,-

D ecember 25, 1897.1

THE CHRONICLE.

1197

500, so that even after the dividend a surplus of commercial paper in the market, and some new notes
have made their appearance this week. A few of the
$73,749 will remain.
The other company to which we have reference is banks which have been out of the market for some
the Rio Grande Western. It will be remembered that time are again bnying, though making careful selec­
last August this company made a distribution of 4 per tions. Rates are 34@4 per cent for sixty to ninetycent on the preferred stock, representing a part of the day endorsed bills receivable, 4 @ 4 f per cent for
accumulations of previous years, payment being in prime and 44@54 per cent for good four to six
the preferred stock itself. In October regular cash months single names. The transfers of currency
dividends of J per cent quarterly (3 per cent per year) through the Sub-Treasury during the week have been
■ were resumed. It was then stated that earnings chiefly to New Orleans. There have likewise been
justified larger payments, but that it was thought best some shipments to Middle Western points; on Wednes­
to start on a conservative basis. It would, however, day the Treasury transferred a considerable amount
be the policy to pay anything earned in excess of the to Cincinnati. The return movement from the
3 per cent per year (up to the 5 per cent preference to ■nterior is lig h t; not much has come from Chicago,
which the stock is entitled) in the shape of extra divi­ there being a good demand at that center in connec­
dends at the end of each six months* period. Evi­ tion with the speculation in wheat. The domestic
dently in pursuit of this policy the management in exchanges at interior points are generally against this
declaring the quarterly dividend of f per cent, paya­ centre, and banker? in a position to be well informed
ble in February-, have added an extra dividend of one regard it as likely that there will be a fairly good de­
mand for money even after the January disbursements
per cent.
The “Railway Age” of Chicago has prepared its for interest and dividends are over. It was reported
usual compilation showing the amount of new from Washington, under date of December 23, that
track laid during the calendar year now approaching •10,195,120 of the currency Gs due January 1 1898
its close. It is obvious that conditions were not favor­ had been presented for redemption, and that check
able to the laying of a large amount of new.track. As to the amount of $8,350,173 had been sent out; but
the “ Age” well says, the improvement in the financial that these will not be received until Monday of next
outlook did not begin early enough in the year for week and therefore the disbursements of cash for
the completion of many new undertakings. Hence these bonds will not come upon the market until then.
it is not surprising to find that but little more The Department likewise estimated at the same time
track was laid than in the years immediately that the amount of “ cash payments already made and
preceding, the total being only 1,864 miles. For 1896 to be made ” so as to be available on the 27th would
and 1895 the “ Age” reported the new mileage in most likely reach $15,000,000.
each year a little over 1,800 miles, so the difference in The London market was somewhat disturbed on
favor of 1897 is not very great. Possibly the record the Wednesday by dear discounts, by a demand for gold
coming year will be larger. And yet it is by no means for the Continent and by an uneasy political situation
certain that this will be the case. The general trade growing out of the recent occupation of Chinese terri­
situation and the financial outlook would seem to tory by Germany, followed by the occupation by Rus­
favor a more liberal policy in the building of new sia of Port Arthur, represented to be for the purpose
roads. On the other hand these inducements mnst of making it a refuge for naval vessels during the
lose their potency unless the present demoralization winter. The Bank of England minimum rate of dis­
in rates is corrected, for even a large volume of traffic count remains unchanged at 3 per cent. T h e’ cable
offers no attractions if accompanied by a persistent reports discounts of sixty to ninety day bank bills in
London 3 per cent. The open market rate at Paris
decline in rates.
.Money on call, representing bankers' balances, has 2, and at Berlin and Frankfort it is 44 per cent. A c­
been active again this week, loaning at 54 and at 24per cording to our special cable from London the Bank of
cent on Monday—thereafter at 4 and at 2 per cent, England lost £974,365 bullion during the week and
with the bulk of the business at 3 to per cent to held £30,783,383 at the close of the week, the lowest
and including Thursday, and 2 to 3$ per cent yester­ since March 22 1894. Our correspondent further ad­
day, with the average for the week about 3f per cent. vises U3 that the loss was due to the receipt of £152,On Monday the advance to 51 per cent brought out 000 wholly from the Cape, to the shipment of £898,000
liberal offerings, causing a fall to 3 per cent. On net to the interior of Great Britain and to the export
Tuesday money was offered at 1 per cent, but it of £228,000, of which £123,000 were to Russia, £100,was after the demand for the day had been satisfied, 000 to South America and £5,000 miscellaneous.
and no loans were made at that figure, the lowest loan The foreign exchange market has been heavy this
being at 24 per cent. Thereafter trust companies and week. Posted rates have been reduced to the lowest
some of the foreign bankers were free lenders, and of the year for 60 days and to within half a cent of
these offerings served to keep the rate from more than the lowest for sight sterling, while rates for actua
temporarily advancing above 34 per cent. On Thurs­ business have been reduced to the bottom figures for
day a trust company is reported to have loaned $6,- the year. One of the influences operating upon the
000,000 at 3@34f per cent. Banks and trust compa­ market has'been active money, which lias tended to
nies have maintained 3 per cent as the minimum, limit the demand for exchange, bankers finding it
though some institutions have obtained 5 per cent. more profitable to employ their balances in the loan
The higher rates for money on call have induced lend­ market than to buy bills. The fact that a large
ers on time to maintain firm rates for their contracts, amount of long sterling, which was bought about sixty
and quotations are 3 per cent for thirty days, 3J per days ago for investment to hold until it ran to sight, is
cent for sixty days, and 4 per cent for ninety days to about to come upon the market, was another influence of
six months on good Stock Exchange collateral, and a depressing character. The mercantile demand for re­
Borne business has been done for short periods at the mittance for settlements usual at this season is light,
current rates. There has been a fairly good supply of while the inquiry to remit for coupons and interest due

THE CHRONICLE.

1198

on American securities held abroad will not be import­
ant until after the beginning of the year. A Sydney,
N. S. W ., cable on Tuesday announced that $500,000
gold had been shipped on the previous day for San
Francisco. Bankers say that Australian shipments
of gold to San Francisco sometimes pay better than
gold sent to Hew York from London; such importa­
tions can be covered with long sterling instead of with
sight bills.
On Monday the range for nominal rates for exchange
was from <1 83 to 4 83| for 60 day and from 4 86 to
4 861- for sight, the only change, compared with Friday
of last week, being a reduction of half a cent by the
Canadian Bank of Commerce; the market was dull
and easy in tone, but the rates for actual business
were not disturbed, bankers regarding the flurry in
money at the close of the day as likely to be only tem­
porary. On Tuesday the Merchants’ Bank of Canada
reduced both long and short rates half a cent, while
Heidelbach, Ickelheimer & Co. lowered the sight rate
half a cent, making the range from 4 82-J to 4 83£ for
sixty day and from 4 85| to 4 864 for sigh t; the mar­
ket was on Tuesday weak in the absence of de­
mand, and rates for actual business were reduced
one-quarter of a cent for long and short sterling,
to 4 81f@ 4 82 for the former and 4 84f@ 4 85
for the latter, cable transfers remaining unchanged.
On Wednesday Brown Bros. & Co. reduced their posted
rates half a cent, but this made no alteration in the
range; the market Wednesday continued weak, still
influenced by the absence of demand, and rates for
actual business were reduced at the close to 4 81£@
4 81f for long, 4 84^@4 84f for short and 4 85@4 85J
for cable transfers. On Thursday the Bank of Mon­
treal reduced posted rates half a cent and Heidelbach,
Ickelheimer & Co. lowered the long rate half a cen t;
the market wag weak and rates for actual business
were reduced one quarter of a cent for short and for
cable transfers, to 4 8L£@4 84£ for the former and
4 84£@4 85 for the latter, the lowest of the year,
while those for long sterling remained unchanged at
4 814@4 81|. Yesterday cable transfers were further
reduced one-quarter of a cent, and long sterling the
same amount. The following shows daily posted rates
for exchange by some of the leading drawers.
DAILY POSTED BATES FOB FOREIGN EXCHANGE.

Ur° ™ B™s....... {s?Khatf.’ Baring,
(60 days.
Magoun & Co., JSight—.
Bank British
(60 days.
No. America,. \ Sight....
Bank of
(60 days.
Montreal........ \Sight....
Canadian Bank (60 days.
of Commerce.. \Sight,...
Heidelbach, Ick- (60 days.
elheimer & Co. 1Sight....
W d i y .r e ....{ g ^ £ » :
Merchants’ Bk. (6 0 days,
nf Canada....... 1Sight,...

FBI..
Mon .. TOAS . WSL., T h u b ..
Fr i .
Dec. 17. Dec. 20. Dec. 21 Dec. 22. Dec. 23. Dec. 24.
83
83
83
S2*
82*
82*
86
86
86
85*
85*
85*
88*
&3*
83*
83*
83*
83
86*
86*
86*
86*
86*
86
83
83
83
83
83
83-2*
86
86
86
86
86
86-5*
83*
83*
83*
83*
83 .
83
86*
86*
86*
86*
86
86
83
83*
83
83
83
82*
86*
86
86
86
86
85*
83
83
83
83
82*
86
86
85*
85*
85*
sft
83
83
83
83
83
83
86
86
86
86
86
80
88
83
82*
82*
82*
86
86
85*
85*
Igf
85*

Rates for actual business yesterday were 4 81£@
4 811 for long, 4 84J@4J84£for short and 4 84£@4 84|
for cable transfers. Prime commercial 4 80f@ 4 81
and documentary 4 80£@4 804.
Lhe fodowing statement gives the week’s movements
ot money to and from the interior by the New York
banks.
Week Ending December 24,1897,
Oarroucy....................
Oold......................................
Total gold and legal tenders.

Received by Skipped by
V. Y. Banks. N. T. Banks.

Net Interior
Movement.

$4,070,000
916.000

$3,121,000 Gain. $955,000
285,000 Gain.
631,000

$4,992,000

$3,406,000 Oaln.*1.686,00«

[V ol . LXV.

Result with Sub-Treasury operations, etc.
Week Ending December 24, 1897.

Into
Banks.

Banks’ Interior movement,as above

$4,992,000
16,000,000

Out of
B inks.

Net Change in
Bank Holdings.

$3,406,000 Gain. $1,686.000
20,600,000 Loss. 4,600,000

Total gold and legal tenders....... $20,992,000 $24,000,000 Loss $3,014,000

The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
December 23,1897.
Bank of

Gold,

j Silver. 1

Total.

£
1
£
1
£
England........ 30,783,383
,.| 30,783,383
France.........
78,568.745 48,469,798 127,038,543
Germany*__ 29.336.000 15,112,000 44,448,000
Au8t.-Hung’y 36.886.000 12,355,000 49,241.000
Spain. .........
9,394,000'l l ,120,000 20,514,000
Netherlands. 2,629,0001 0,811.000; 9,440.000
Nat. Belgium* 2,834,000 1,417,000 4,251.000

December 24,1890.
Gold.

Silver.

2otal.

£
33,809,727
77,128.010
28.250.000
30.570.000
8,528/00
2,634,000
2,777,333

£

£
33.S09.727
128,471,374
42.755.000
43.183.000
18.908.000
9.483.000
4.160.000

49.343 304
14.508.000
12,613 000
10.440.000
6,819.000
1.388,667

Tot.this week 190,431,128 95,284,798 285,715,9?0 183,697.070 95 U2,C31 278 839,101
Tot. prev.w’k 189,437.961 94,689,536 284.127.496 185.399.348 94.937,730 280,397,078

CONGRESS A N D

SECRETARY
PLAN.

GAGE’S

Senator William E. Chandler of New Hampshire
has written to the “ Washington Post ” an open letter
criticising severely Secretary Gage’s currency plan.
As a declaration by an Administration Congressman,
the letter is worth notice; but we are bound to say,
with all respect to Mr. Chandler’s senatorial dignity,
that his view of the case is somewhat hysterical. Not
only, Mr. Chandler declares, is the enactment of the
Secretary’s plans for a Treasury gold fund and for an
issue of gold bonds impossible, but “ the effort to do
either thing will probably result in the passage of a
bill for the redemption of the greenbacks in silver
dollars and for the payment of all United States bonds
in gold or silver coin, in the discretion of the Presi­
dent.” With the resultant “ uproar in Congress,”
the Senator is sure that grave business derangement
will follow, that “ funds and stocks will be disturbed,”
and finally that “ the Republicans will lose the Con­
gressional elections in 1898 as disastrously as they did
in 1890,” and will give way to a Bryanite administra­
tion in 1900.
We have described this view of the case as some­
what hysterical; we might perhaps rather ask what
the Senator’s eyes and ears have been doing during
the past two decades. We judge from Mr. Chandler’s
predictions as to the policy of Congress that his mind
has been running back to 1878. That was indeed a
year when Congress passed a resolution “ for the pay­
ment of United States bonds in gold or silver coin,”
and when, if it did not pass a bill for similar redemption
of the greenbacks, it undertook at all events to upset
such resumption and redemption plans as were in
progress. That, too, was a year of “ uproar in Con­
gress” and of “ disturbance in funds and stocks.”
But something is lacking, nevertheless, to make Mr.
Chandler’s imaginary parallel complete. The admintration which had in hand the sound-money under­
taking, and which carried it to success in face of
these acts and of all opposition, was not disastrously
defeated in the fall Congressional elections, and it
won an important victory in the ensuing Presidential
year.
We suspect, in fact, that the more these historical
analogies are followed, the more rapidlv will such misgiv’ ngs as those professed by Mr. Chandler dwindle.
The reference to 1890, for instance, is scarcely happy.
Perhaps the Senator can recall what kind of. financial
legislation had passed through Congress immediately

D ecember 33 1897,]

THE CHEONICLE.

1199

in-fore the dominant party suffered its chastisement at along with the requirements of trade, the general
ri al year's November polls. A bill attempting to do currency supply is open to precisely the dangers
exactly what Mr, Chandler threatens from the mal­ which affect a currency fixed and unalterable in
contents in the present Congress had been enacted by volume.
It must be presumed that whatever change in the
large majorities.
Silver had received by far the
largest concession in the history of our Government; character of our national debt is effected by this or
the future of the gold standard itself had been put in any future Administration, the debt will still continue
redeemable and subject to the permanent sinking
jeopardy.
We hardly think Mr. Chandler will attempt to fund provision. Indeed, Mr. Gage’s own report pro­
draw analogies between that legislation and any poses refunding of the public debt into a loan “ pay­
legislation proposed by the present Secretary of able after ten years at the pleasure of the Goverathe Treasury. Yet what was the political result ? ! ment.’" Therefore there must necessarily remain the
Mr. Chandler has hinted at it. In November 1890 i possibility of another such situation as that Which
not only did the entire East swing away from the j arose between 1882 and 1891, when heavy re-purchase
party whose Congressmen had passed the Silver-pur­ i of Government bonds out of the Treasury surplus re­
chase Act; not only did conservative administration duced by 8210,000,000 the amount of Government sestrongholds such as Pennsylvania, Michigan and l onrities deposited to taKe out bank circulation. The
Massachusetts throw their majorities to the other side; result in 1887 and 1888, it will be remembered, was
but the party's plurality in Kansas fell off 72,000 from an extremely rapid contraction of the bank note is­
the vote o f 1888 and in Colorado 5,000, while in sues at the very time when an increasing public sur­
Nebraska, the centre of silver and inflation sentiment, plus was reducing the volume of other circulating
currency.
the party lost Lhe State.
On tiie other hand, it is equally possible that such
If we were to undertake the drawing of morals from
our recent political experience, we are confident that an iuelastie currency would be issued for the inci­
we should reach and establish some conclusions very dental profit, under the bond-security plan, in ex­
different from those of Senator Chandler. We should cess of the needs of trade. This phenomenon, too,
find, we think, that Congressional majorities which has been already witnessed—as in the three years be­
have coquetted with this currency-inflation sentiment ginning with 1894, when the domestic currency was
have been without exception relegated to private life so far over-charged as to drive out gold at the rate of
as soon as the people had a chance at them. But we nearly one hundred millions annually, and when, nev­
have no wish to rest the question of the currency on j ertheless, the banks which had been practically forced
such a basis To our mind it is a very low judgment to buy the new Government bonds used them as se­
of public duty and official responsibility which advises ! curity for a needless 827,000,000 addition to the gen­
doing nothing unless it is certain that the elements of I eral circulating medium. The incidental provision in
Mr. Gage’s plan for the issue of bank notes against
opposition and agitation will be pleased with it.
We will go further, and assert that the chief vice j bank assets as well as against securities could hardly
of this country’ s financial legislation during nearly save the currency from either of these two possible
half a century has been this very habit of political |disturbances.
We suggest these criticisms, not in condemnation of
opportunism —the practice of studying election fore-j
casts before taking a single step in what is believed to j Mr. Gage’s plan and purposes, but to reinforce the
he the right direction, ft needs no demonstration to Secretary’s own statement that his proposition, far
show how little could be accomplished in the way of from being radical, is only tentative, and that its
reforming mistaken methods and removing old abuses weakness lies distinctly in the fact that it does not
if every public man were to frame his policy on such carry out scientifically its own professed principle. It
lint's. And no one better understands this truth than is not, however, these provisions to which Senator
the very public of which the opportunist statesman Chandler and similar opponents of the plan object.
professes continual dread. Even on their own basis of Their criticism is founded wholly on the Secretary’s
argument it is sufficiently extraordinary that while further proposition to hold back legal tender notes re­
our history is fairly crowded with examples of the cer­ deemed in gold until gold shall be paid for them
tain failure of deference to unsound aud ill-balanced again, and to convert the (>overrunent’s funded debt
per cent gold loan.
financial prejudice, experienced politicians may still into a
The first of these two projects is a logical and hon­
he found to advise the deliberate re-adoption of the
est effort to guard the Treasury against recurrence of
policy.
We are not impelled to these remarks upon Senator the dangerous strain of the past five years. The
Chandler’ s letter by our belief that Secretary Gage’s Treasury has for nineteen years occupied the position
plan is perfect , or that it will provide a final solution of a bank of issue, surrounded by all the well-known
of our currency difficulties. We doubt if the Secre- risks of that office, but protected by none of the safe­
tary himself so regards i t ; indeed, his report frankly guards enjoyed by every properly managed bank.
admits that its recommendations “ must be construed, When its gold fund is heavily drawn upon in an ex­
nor us being in themselves final measures, but rather port movement it cannot, like the Bank of England,
as tentative steps " in the direction of financial safety. advance its discount rate and check the outflow of
Nor arc we at all certain that Mr. Gage's general plan capital; it cannot even, when its note circulation is ob­
for an extended national bank circulation would be viously superfluous for the needs of trade, cancel or
free from immediate objection and danger on its own withhold its redeemed notes from the market. A
ae< mint. It makes no positive provision to secure the heavy surplus revenue will of course withhold them
m..-r important desideratum o a bank-note currency, automatically; but a surplus is quite as likely to oc­
next to its soundness. Elasticity in such a currency cur when all outstanding currency is needed as when
is i prime essential; lacking such quality, whereby the circulation is redundant. Therefore the surplus
the bank issues may expand or contract automatically may become an actual menace to the stability of the

1200

THE CHRONICLE.

money markets as readily as it may become an acci­
dental safeguard. It is not in any respect a solution
of the difficulty.
Mr. Gage proceeds simply on the theory that a
heavy outflow of gold, which alone can cause large
presentation o f legal tenders for redemption, is the
effect of and the index to a redundant circulating
medium. His plan, therefore, of withholding from cir­
culation such notes as the Treasury may redeem in
gold, can do no harm, because so long as the gold ship­
ments continue, precisely so long may it be presumed
that the currency supply is more than adequate. On
the other hand, when trade expands again and more
supplies of money are required, the gold exported in
the spring will come back in the autumn, and, return­
ing, may be presented at the Treasury iu exchange for
notes withheld since their earlier redemption. This
is not a new or revolutionary id ea ; it was the plan
conceived and approved by nearly all conservative
statesmen when the Resumption Act was framed. It
must not be forgotten that the law for the compul­
sory re-issue of notes redeemed or received into the
Treasury was passed in the same session when the
Bland silver-coinage act, the repeal of the resumption
law and the resolution to pay the public debt in silver
enjoyed similar favorable consideration.
Mr. Gage’s plan for i-etention of the notes is there­
fore merely the effort of an intelligent financier to
make the best out of a bad situation. It accepts a
dangerous system as inevitable for the present, but
ntroduces such safeguards as the experience of private
banking and public finance have suggested. It is far
enough from restoring an ideal currency system; but
if it is true that nothing better can be obtained,
certainly let us do what we can with this.
The proposition to refund the public debt in gold
bonds at a low rate and for a short term would be re­
ceived in any other national legislature as a perfectly
normal step in the government’ s financial operations.
It is not open to the objection urged in 1895 against a
gold-payment proviso in a single batch of bonds,
namely, that it would by inference discriminate against
all prior issues. Mr. Gage proposes thus to refund, sub­
ject to an adjustment with holders of the present
bonds, all of the funded debt of the United States. Mr.
Goschen undertook in 1888 a not dissimilar operation
with the British public debt; he was loyally sustained
by Parliament and people. He saved the Exchequer
ten to twelve million dollars interest charges annually,
and his success gained him an international reputa­
tion. Mr. Gage proposes a similar undertaking, and
Senator Chandler answers by an appeal to the Presi­
dent to “ stop his Secretary in his insane career.” We
do not know how such an attitude can be better com­
mented on than by simply stating it.
THE STATEM EN TS O F THE V AN D E B B ILu
W ESTERN ROADS.
'1 he statements of the Vanderbilt roads submitted
this week—the Lake Shore & Michigan Southern and
the Michigan Central for the calendar year and the
2vew York Central for the quarter ended December 31
—are somewhat disappointing, not so much so on their
own account as because they reflect a much 1ess favorable
state ol railroad affairs than generally expected. In
view of this fact the action of the boards of directors
in declaring only the usual dividends will not occasion
surprise. As a matter of fact, hardly any one had

[V ol , LXV.

looked for an increased distribution. The manage­
ments are admittedly very conservative, and enlarged
payments would not in any event be entered upon
except after a very substantial recovery in revenues
and the promise of its continuance. As it happens,
the improvement shown is really insignificant, and it
is because of that circumstance that the returns are
disappointing.
In this we are referring entirely to the exhibits of
gross earnings. The Lake Shore makes a very en­
couraging showing as far as the surplus remaining for
the stock is concerned, but the increase in that case
follows from an exceptional cause to which we shall
advert further below. It is to the comparison of the
gross revenues we must look if we would get an insight
into the state of railroad business and the conditions
under Which it is being carried on. Viewed from that
standpoint the results disclosed attract attention as
being quite out of accord with promised indications.
Up in the Northwest we find the roads making phe­
nomenal gains. The Burlington & Quincy quite re­
cently reported $ 1,249,693 gain in gross earnings for a
single month— September— and in October gained
1583,442. The Chicago & North Western gained
$717,981 in September, $316,553 in October and
$725,878 in November. Other roads in that part of
the country and m the Southwest have been showing
equally noteworthy improvement, the Northern Pacificreporting $677,663 increase for September, $285,920
increase for October and $936,512 increase jior N o­
vember; or, confining ourselves entirely to November,
we have the Missouri Pacific, showing $601,841 improve­
ment for that month, the Milwaukee & St. Paul
$589,925, the Canadian Pacific $572,316, the Rock
Island $443,095, etc.
As against these heavy and noteworthy additions,
what do we find in the case of the Michigan Central
and the Lake Shore ? Of course no one looked for
such striking increases on these systems as on the dis­
tinctively grain-carrying roads like those mentioned
above. And yet, as the grain was shipped in large
volume to the seaboard and much of it passed over the
east-and-west trunk lines to the Atlantic, necessarily
the two roads should have shared in the benefits, one
would think. It seems natural, too, to suppose they
would be favorably influenced also by the revival in
trade of which we hear so much.
As a matter of fact the Lake Shore, iu face appar­
ently of these advantages, has increased its gross rev­
enues only $99,056 for the full twelve months of the
calendar year, this being less than one-half of one per
cent. That is, with gross of $20,193,957 last year,
the total for 1897 (December being estimated of
course) is $20,293,013.
The Michigan Central has
not done even as well as this, having actually lost
$191,000, its gross for 1897 being $13,630,000, against
$13,821,000 for 1896. It will no doubt be urged that
a distinction should be made between the results for
the first half and those for the second half of the year.
The first six months things were still in an unsettled
state. It was only the last half of the year that the
situation changed so decidedly for the better. D i­
vided in that wav the Lake Shore comparison assumes
a more favorable aspect. The first six months the road
had fallen $505,040 behind in its gross revenues. It
follows that in the last six months there must' have
been, roughly, $600,000 gain. But this is only half the
amount of loss ($1,283,974) reported in these six
months last year. Treating the Michigan Central in

D ecember 25 l8i)7.]

THE OHKONICLE.

the same way, the difference is actually against the
second h a lf; in other words, there is a loss in both
half-years, but that for the second half is larger than
that for the first half, the figures being $123,000
against $66,000.
It deserves to be noted that the New York Central
exhibit is of the same indifferent character. The
company’s return for the December .quarter has
been issued this week, and the gain is estimated at
only $162,000 for the whole three months. And yet
this is after a loss last year in these same three months
o f $769,332. Nor do the Vanderbilt trunk lines stand
alone in failing to record improvement equal to their
last year's loss. Take the Pennsylvania, for instance.
Large though the increases reported by that system
have been recently, they have fallen far short of the
decreases sustained in 1896. The figures for Novem­
ber are not yet available. But for October the im­
provement on the combined eastern and western lines
was only $960,000, following a contraction in the same
month of the previous year of no less than $1,533,200. For July, August, September and October last
year the falling off in revenues on this system aggre­
gated over 4 f million dollars ; the recovery the present
year has been but a little over 3 million dollars.
What, then, accouuts for the failure to realize the
expet ted growth in revenues ? The first and foremost
reason, we should think, was the unsatisfactory rate
situation
All accounts agree in saying that extreme
demoralization prevails and that shippers find it
possible to make almost their own terms. As a result
the rates obtained are exceedingly low—as low in some
cases as in times of art actual war of rates in the past.
This is true not only of east-bound but of west-bound
rates, and it is true not only of the trunk lines but of
the roads in all parts of the country— the West,
the Northwest and the Southwest.
Everywhere
rates are apparently going to pieces.
In the
latter sections, however, tire effects are not
reflected in the gross earnings because of the enor­
mous grain movement and the great increase in mer­
chandise and general freight, the two together serv­
ing for the time being to conceal the disastrous losses
resulting from the chaotic condition of rates. East of
Chicago, where there are no such exceptional counter­
balancing advantages. the effects involved in the present
ruinous rate situation are painfully apparent. We
shall not at this time attempt to account for the exist­
ing demoralization. It is obvious, however, that if a
corrective is not soon applied the roads will lose all
the benefits they might have derived from the present
industrial revival. .More than that, as the railroad
industry is the largest of all our industries, this pros­
perity cannot be maintained if that industry is to be
allowed to fall into ruin.
Another fact should not be overlooked. Trade re­
vival is much more pronounced in the West than in
the East. Indeed, it is a question whether such revival
as exi.-ts in the East is not entirely the resultant of
the increased activity in the West. Our farmers are
undoubtedly experiencing exceptional prosperity.
They have had excellent harvests, and they are get­
ting for their wheat on the farm from two to three
times what they were able to obtain for it last year.
This is giving them largo amounts of money, and has
added greatly to farm values. As a consequence they
are buying freely of all kinds of supplies and goods.
Hence in those sections where farming is about the
only element in the population, the railroads are gain­

1201

ing enormously; they gain in a double way, from the
heavy grain movement, and from the increased move­
ment of general merchandise.
But when we come further east, out of the dis­
tinctively farming sections into the manufacturing
districts, the situation is changed. Grain now forms
a smaller portion of the aggregate tonnage of the
roads, and the agricultural community forms only a
part of the entire population, the most of which
is engaged in manufacturing pursuits. These manu­
facturing industries, as already stated, have experi­
enced revival through the increased demand for their
products coming from the farming sections. This
of course is, and will remain for some time to
come, a very important factor in the situation.
But it is not the same as a demand springing
up from all parts of the country simultane­
ously. The unsatisfactory situation as regtrds both
prices and stocks in the dry goods trade and the low
prices prevailing in the iron and coal trades furnish
evidence that the existing prosperity is as yet only
partial rather than general.
Of eours.e as respects
prices the matter is complicated by the fact that our
producing capacity in all lines has so enormously in­
creased in recent years, and yet prices would improve
quickly enough if demand could be stimulated from
all directions. It follows from what has been said
that the Eastern roads have been in a position to
increase their tonnage only In a relatively small way,
while the Northwestern and Southwestern grain-carry­
ing roads have bee'n afforded the opportunity to add
enormously to their tonnage. With rates at the same
time utterly demoralized, it is no wonder that the
returns of earnings of the trunk lines are not as
gratifying as expected.
There have aLo been some special depressing cir­
cumstances in trunk-line territory. The great bitu­
minous coal strike was a very serious matter while it
lasted ; and it lasted from the 4th of July until about
the middle of September over the greater part of the
Middle Western coal belt, and in parts of Illinois up
to the 1st of December. When coal mining was re­
sumed in this territory production was necessarily
greatly stimulated by the absence of stocks and sup­
plies occasioned through the three months’ enforced
stoppage. But the benefits quickly disappeared under
the renewed drop of prices to an unremunerative
basis. For the time being all profit seems to have
gone out of the bituminous coal business, and pro­
ducers and carriers arc alike deeply suffering. We
may say, too, that the state of things in the anthracite
trade is no better.
The foregoing will, we think, make it clear why the
course of trunk line earnings is proving disappoint­
ing. Under the circumstances the Lake Shore and
the Michigan Central must both be considered to have
done quite well. The Lake Shore, as already stated,
shows a greatly increased surplus available for the stock
— nearly three-quarters of a million dollars ($724,028)
more than for the calendar year 1896.
The im­
provement has been mainly brought about through a
saving in charges, though there was also a reduction
of $239,569 in expenses. The saving in charges was
$685,403, and is to be ascribed to the reduction in
interest resulting from the funding of the company’s
debt into
per cents. This saving of course forms
only a part of the total annual saving to be effected
through the funding arrangement. As it is, the com­
pany earned 7-57 per cent for the stock. But the

1202

THE CHRONICLE.

[VOL. LXV.

probable. In the former, however, the movement was
very soon abandoned for reasons which are now im­
material, and only in the spinning mills were steps
taken to bring about a change in the rates of wages.
On October 18 a conference between the representa­
tives of employers and employed took place, which
LAKE SHORE *fc .MICHIGAN SOUTHERNS INCOME.
was adjourned to November 1. The claim was limited
to a reduction of 5 per cent, in accordance with a
Dividends
per
Share
Operating
Fixed
Net
, Gross
of $100.
Tears.
standing agreement entered into in 1893, known as the
Expenses Earnings. Charges.
Earnings.
and Taxes.
Earned.
Paid,.
“ Brooklands agreement,” so called because it was
$
*
*
*
*
*
made
in the quiet Manchester suburb of that name.
9 60
8 00
1870...........
13,509.23 4 8,36 *,821 5,140,415 1,928,'*9'
8 37
8 00
1871 ........... . 14,8)8,449 9,779,800 5,119,0)3 2,121,161
The conference decided to refer the claim to arbitra­
8 00
8 55
1872........... . 17,099,93 11,889,526 5,850,109 2,201,459
tion. A difference afterwards arose as to the period
4 00
6 10
1873........... . 19,414.50' 13,746,59 * 5,007,911 2,651,560
3 25
1874...........
0
01
5,9
13,7
60
3,00
,193
17,140,131 11,152,371
which
should be taken to represent the depressed con­
2 00
2 20
1875........... • 14,134,199 E ,531,501
3,902,698 2,810,294
3 25
3 26
1870........... ■ 13,949,177 9.574,836 4,374,311 2,759,9-9
dition of the trade, on which the claim was based.
2 00
1877........... . 13,505,159 8,90 *,M0« 4,511,195 2,775,657
3 57
The operatives’ representatives were aware that soon
4 00
5 61
1878........... .! 13,979,760 8,486,0 I 5,1-3,10
2,718,792
0 50
1879........... ■1 15,271, <92 8,034,524 0,336,968 2,754,988
7 21
after this had been put forward, some improvement
1880........... . 18,749,461 l'\U8,H»5 8,331,350 2,750,37.
8 00
11 28
occurred in the Manchester market for yarns and
1881........... • 17,971,391 11,278,'29 6,6)2,°6 ’ 2,725,375
8 02
8 00
1882........... . 18,225,639 11.057.P07 7,167,852 3, 127,000
8 00
8 37
goods, and they held that the examination of prices
1883...........
8
00
7,511,8 2 3,499,8’6
8 11
19,513,650 11,001,85'
1881........... . 14,84*,584 9,133,522 5,716,062 3,7 0,8 n
5 00
4 02
should not extend, as had been at first arranged, to
1885........... - 14,133,500 9,287,537 4,815,989 3,*67,456
1 98
the time when the question was raised, but to the state
1880........... . 15,859,455 9,731,627 0,127,833 3,712,972 00
4 88
4 00
1887........... . 18,710,9 <3 11,026,798 7,691,1*5 3,649,615
8 15
of
affairs on November 1 or any subsequent date. A
1888........... . 1*029,627 11,310,371 6.719.256 3,608,391
5
00
6 29
1889........... . 19,187,190 12*47,451
6,039,745 3,423,109
6 50
5 00
vote of the work-people was taken, which supported
1890.......... . 20,965,70- 11,220,4*1 6,645,279 3,3*4,735
0 67
6 00
by an overwhelming majority the views of their
1891........... . 21,431,397 14,032,07'' 6,798, *11 8.359,251
6 95
6 00
1892........... . 22,415,382 15,8 )3,190 6,812,192 3,375,361
6 51
0 00
leaders.
1893...........
21.683,931 17,1 £3,913 6,562,020 3,365,376
0 46
6 09
1891........... . 19.557.809 13,186,007 6,371*02 3,40 ’ ,863
The whole question was then referred by the em­
6 00
0 00
1895...........
14.588.220 6,14 ,815 3,419,500
6 13
6 00
ployers’
committee to their constituents, in view of
1896........... . 20,14*3.058 13.720,15*
6 11
6.4H7.803 3,445.403
6 00
1897*......... ... 20.2'»8oi' 1 13,481,585 6*00.428 3,060,0(10
6 00
7 57
their inability to come to an agreement upon the basis
' Results for December partly estimated.
of arbitration. The questions put to them were
With reference to Michigan Central the company had whether or not they would individually give notice to
in 1897, as in 1896, a small surplus remaining above the reduce wages to the extent of 5 per cent, and in that
4 per cent paid on the stock. In this case the gross is case whether they would close their mills in the event
the smallest of any year since 1886 with the exception of resistance, or would pay a levy of fd . per spindle
only of 1894. The reason why the Lake Shore is able for the benefit of those whose mills might he stopped.
to make a somewhat better showing than the Centralis Yesterday the employers’ committee announced that
no doubt that it had a large traffic the present year in the replies “ do not justify them in proceeding further
iron ore over its Ashtabula branch.
with the matter.” The movement is thus at an end,
COMRINED EARNINGS OP MICHIGAN CENTRAL AND CANADA SOUTHERN. and there is no present prospect of its being renewed.
Unquestionably the main cause of the abandonment
Operating
Interest
Gross
Net.
Years.
and
Earnings. Expenses Earnings.
Balance.
of
this attempted reduction of wages is the grewingly
ind Tax“s.
Rent ds.
clear
prospect of an enormous crop of American cot­
$
$
$
$
*
1878................................
9,472,631 0,437,497 3,035,134 2,003,297 1,031,837
ton,
and
the consequent fall of prices during the last
1879................................ 10,410,795 7,147,68
3,203,112 2,013,1^5 1,219,957
1880................................ 12,791,428 8,215,092 4,570,333 1,994,210 2,582,12 l three months.
Whilst the earlier negotiations were
1881................................ 12,3. *3,591 9,401,413 2,839,148 2,371,551
527,537
1882................................ 12,457,901 9,26*,9"6 3,189,085 2,480,602
708.483 proceeding, merchants in Manchester were induced, as
1883................................ 14,009,767 9,741,639 4,268.128 2,433,410 1,834,712
a matter of precaution against possible stoppage of
1881...............................
11,659,077 8,959,132 2,099,915 2,638.602
61,343
1885................................ 10,707,394 8,014,60) 2,692,791 2,666,753
26.0 '8 supplies from the mills, to make offers for important
1880............................... 12,295,828 8,404,679 3,891,149 2,576,985 1,314,161
quantities of goods for forward delivery. The prices
1887 ........................
14,164,490 9,875,246 4.289,214 2,535,930 1,753,311
1888................................ 13,770,523 10,080,600 3,683,917 2,521,092 1,162,825
tendered were not tempting when compared with the
1889................................ 13,780,945 9,895,158 3.891,707 2,512,527 1,379,210
1890................................ 14,490,712 10,731,754 3,758,958 2.451,332 1,304,024 then current cost of production, but the increasing as­
1891................................ 15,162.960 11,107,50!) 4,055,391 2,439,287 -1,016,104
surance of a big cotton crop and of lower prices of the
1892 ............
15.908.29J1 1’ ,016,095 3,862,198 2,4'4,363 1,457,835
1893.....................
10,178,031 12,287,792 3,890,2 <9 2,401,8 »4 1,488,435 raw material were sufficient to induce a large business
1891..................
12,5*4,013 9,144,108 3,439,905 2.401,181
1,038,721
1895...............................
13.651,420 10,183,231 3,46*,189 2,402,2 >1 1.065,988 in several leading descriptions. An extensive interest
886. ...
............ .
13.8,1,014 10,3*2,3 0 3,429,)04 2.314,665 l,034.ti99
averse to stoppage was thus created, a fact which was
1897*...........
13.6 O.O*>0 10. t83.0urt 3.14 -.nor 2.4 5.000 1 PR> Of)f\
as well known to the leaders of the operatives as to
* Partly estimated.
the spinners and manufacturers themselves. Thus,
although considerable sections of the Manchester mar­
T illi L A B O R TROUBLES I N G R E A T
ket still remained little affected by the new business,
B R IT A IN .*
based on a bumper cotton crop, the interest in favor
M ANCHESTEU, December 8.
of avoiding the risk of a strike was great enough to
Of the three great labor disputes, actual or impend­ prevent anything like an approach to unanimity in the
ing, which until yesterday hung darkly in the indus­ movement for reducing wages.
trial sky, two have suddenly disappeared. There is to
The effect of this settlement is a little complicated
be no wages war in the English cotton-spinning in­ by other considerations. If it had stood alone, one
dustry. When, about two months ago, a reduction might have expected somewhat heavy haying of cot­
was contemplated by the employers, the idea was ton in Liverpool.
But this morning a circular of
widely entertained in both the weaving and the spin­ Messrs. Neill Brothers appeared, giving Mr. Henry
ning branches (which in this country are to a large Neill’s final estimate of this year’s growth of Ameri­
extent separated) that a serious struggle was not im- can cotton as 11,000,000 bales. The business in Liv­
Communicated by our Special Correspondent at Manchester.
erpool to-day has consequently been only 10,000 bales
Lake Shore has long held an exceptional position in
the railroad world. The following shows the yearly
results back to 1870. As bearing out what has been
said above, it will be observed that, with the exception
of 1890 and 1894, the 1897 gross is the smallest of any
year since 1889.

D e c e m b e r 35

lt*97,]

THE CHRONICLE

on the spot, and prices of American are reduced by
fully 1-33(1. per pound, futures having fallen not quite
so much. In Manchester buyers are holding off un­
der the double inducement of the weakness in cot­
ton and the assurance of uninterrupted production
from the mills. In so far as merchants have antici­
pated their wants in respect of goods and yarns they
may be expected to await events, and’ in particular
the development of demand in the distributing mar­
kets abroad and at home.
At present the prospect is not particularly bright in
any direction. The home trade is less active than it
was three or four months ago, the direct and indirect
consequences of the prolonged stoppage of work in the
engineering industry being a prominent cause of quiet­
ness. Nor has the demand for India yet recovered
from the depression caused by the plague—which has
recently shown a sporadic recrudescence in various
parts of the dependency— as well as by scarcity of
money and famine. China merchants have been act­
ing cautiously for some time past, their markets hav­
ing been
not so much from abnormal sup­
plies as by tightness of money and restriction of credit
amongst native dealers.
For South and Central
America, too, buying continues relatively small, the
brightest feature of the prospect in these directions
being the growing assurance of good crops in the Ar
geutine Uepublie and the expectation there of a good
export season for wool and grain.
Altogether, then,
the outlook of the market for British cotton produc­
tion does not present grounds for confident expecta­
tion of improvement, although it is not without en­
couraging signs.
The labor dispute in the engineering industry, which
has dragged along over a period of more than five
months, has defied all attempts to terminate it. not­
withstanding that the official Board of Trade, which is
now invested by law with a certain limited authority to
offer mediation in such cases, Itas endeavored vainly to
bring about a settlement of the questions involved.
The main points of controversy are now pretty well
understood by English-speaking people on both sides
of 'the Atlantic. The employers have yielded in no
degree in respect of their claim to freedom in the most
advantageous use of machine tools. The principle of
“ one man, one machine," the forbidding, except
within the narrowest limits, of piece work, and other
cognate restrictions hitherto imposed by the Amalga­
mated Society of Operative Engineers, they regard as
absolutely fatal to successful competition with en­
gineer- in other countries, particularly in the United
States. They have, consequently, refused all sug­
gestions of compromise on these questions, and are
hardly leas strong in their resistance to the eight-hour
day. Moreover, the number of engineering employes
taking up this attitude has been steadily increasing,
and the number of newly unemployed union men has
rown during the last few weeks, although this ac­
cretion has to some extent been offset by those who
nvc fallen out of the ranks and have gone to work on
he employers’ terms.
The engineering establishments are, however, by no
means idle, nearly all having a fair proportion of men
at work, and not a few have their full complement,
especially in the smaller works. It, will he no sur­
prise, therefore, if the contest should end before long
in the defeat of the men, who with more courage and
endurance than discernment have so long carried on
an ill-advised warfare.

depressed,

1203

The threatened general strike of railway men has
been averted, and the printed notices to terminate
their employment which had been prepared will not
he handed in. All arrangements had been made by
the railway managers to accept the notices and await
the issue. In each case however they had already
expressed to their respective workmen their readiness
to discuss and consider in a friendly manner with the
representatives of their own men any grievances or
proposals for an amendment of their position. Tins
conciliatory attitude, and the certainty of public dis­
approval of a simultaneous strike throughout the
country, have done much’to prevent a gigantic con­
test. It has been shown, moreover, that notwith­
standing a considerable recent increase in the roll of
members of the Amalgamated Society of Railway Ser­
vants, they constitute very far short o f a decided ma­
jority of the whole number employed.
R A IL R O A D

L E G IS L A T IO N

AND

THE

N A T IO N A L BOARD OF TRADE.
We referred last week very briefly to the resolutions’
regarding railroad legislation passed by the National
Board of Trade at its annual meeting at Washington.
At that time we had only the account of the meeting,
as reported by telegraph. The report of the com­
mittee presenting the resolutions has now been pub­
lished, and is quite an interesting document. This
and the fact that the meeting was a very important
one makes it desirable to refer a little more at length
to the views of the Board. Press reports sav that at
the meeting delegates were present from thirty-nine
organizations representing a membership of over
10,000 of the leading business firms of the country.
Action, too, was practically unanimous.
In fact
there was no opposition to any of the recommenda­
tions of the committee except that regarding poolings
and this, according to Mr. F. B. Thnrher, was evi­
dently inspired by a few favored shippers in the West
who profit by the present condition of things.
The report of the Committee was not limited to the
subject of pooling, but covered a wide variety of ques­
tions. And with reference to all the matters dis­
cussed the Committee seems to have taken a sound
and conservative position. For instance, they de­
clared very strongly against Government purchase of
the Pacific roads and against Government ownership
of railroads generally. With reference to the proposal
that the Government shall become a bidder for the
Kansas Pacific lines at the coming sale, they say
that they regard such a proposition as most un­
wise. Under our form of Government, the number
of Government employes’ should he kept as small
as possible and limited to departments of Government
service already established. While the telegraph, they
think, might bo advantageously added to our postal
system, on account of its connection with the dissem­
ination of intelligence and other special reasons apply­
ing to this particular branch of inter-communication,
this in their, estimation is certainly as far as the nation
should go in increasing the number of Government
employes. The acquirement of any portion of the
Pacific railroads they would regard a dangerous step
toward the Government ownership and operation of
the entire railway system of the country.
With reference to the Central Pacific, they call at­
tention to the fact that the subsidy loan to that road
is approaching maturity, and that Congress has not

1204

THE CRROMCLE

yet passed any of the bills proposed for the extension
this indebtedness. In view of the enormous ad­
vantages which have accrued to the Government and
the public generally from the construction of the
Pacific roads, they advise that the proposition of the
Central Pacific Company for an extension of the debt
the company to be paid in full, with a sinking fund
to extinguish the same, shall be met in a liberal spirit.
As concerns the railroad situation generally, they
well say the fact that favorable harvests in the United
States, in conjunction with unfavorable ones abroad,
make the outlook for the immediate present more en­
couraging, should not operate to defer effort to put
the transportation interests of the country on a more
satisfactory basis. It is most important to the gen­
eral welfare that carriers should receive reasonable com­
pensation for the services rendered, and that unjust
discrimination be prevented. The railroads of the
United States employ directly over 800,000 men, who
each, upon an average, support five persons, or say four
millions of people in all. In the collateral industries
largely depending upon railroads for their demand
are employed three millions of people, also having de­
pendent upon them for support say five persons each, or
fifteen millions of people in all. In this way the con­
clusion is reached that about one-fourth of the entire
population of the country is directly interested in the
prosperity or adversity of the roads. Undoubtedly,
too, most other industries are affected, because all in­
dustries depend in some degree upon the transporta­
tion industry. “ Indeed it may be said that transpor­
tation is commerce, and commerce is transporta­
tion.”
In common with most students of the situation,
they hold that the Inter-State Commerce Law has
failed of its purpose mainly because it prohibits pool­
ing agreements, which are practically necessary to
prevent unjust discrimination. It appears to them, as
it does to nearly every one else, that there is no good
reason why railroad companies should not enjoy the
same right of contract that all other corporations and
individuals enjoy. They advocate giving permission to
pool, subject (as mentioned last week) to the super­
vision and control of the Inter-State Commerce Com­
mission. They are not committed, however, to any
definite plan as to the precise form and extent of the
control to be exercised by the Inter-State Board.
They note that there is some diversity of opinion on
that point, but urge that these differences should not
be irreconcilable. They point out that all of the bills
to permit pooling which have been introduced in Con­
gress require the approval of the Inter-State Com­
merce Commission, the chief difference, being that
some of them require the approval of the Commission
before pooling agreements beeome operative and others
permit them to become operative without such previous
approval, but subject to the disapproval or veto power
of the Commission in the event of agreements proving
to be unreasonable. The Committee do not under­
take to express a preference as between these two
forms, but declare that as a rule cast-iron trade regu­
lations are detrimental to commerce, owing to its
constantly varying conditions, and hence the regula­
tions should be reasonably elastic.

of

of

I V OL» L X V .

situated. In many instances no return whatever has been
made upon the capital invested, and in the remainder an ap­
preciable scaling of the rate of dividend has been the rule.
In fact, not since 1885, when only thirteen corporations made
distribution to stockholders, have owners fared so poorly as
in the current year.
The year opened with printing cloths in excessive supply,
but curtailment of production by Fall River mills during the
months of February, Marcli and April, and the Borden pur­
chase (of February 8) of 750,000 pieces, had the effect of
materially reducing the stock. W ith, however, the resump­
tion of full time in the mills in May stock began again to
accumulate, bo that short time was made necessary and re­
sorted to in July and August and a portion of September.
Subsequently, with machinery again fully in operation the
available supply of goods steadily increased, with the result
that at this time the stock of printing cloths is but slightly
less than in December of l 1-96, when the heaviest surplus
stock on record was reached. In the face o f this enormous
supply of goods it is not surprising that prices have been
unsatisfactory.
Previous efforts to bring the market into better condition
by curtailing production having failed, mill owners are now
attempting to reduce cost of production by scaling down the
wages of operatives. Notices of a cut of about 10 per cent,
to take effect January 3, have been posted by mills in Man­
chester and at various other points, and at Fall River wages
will be reduced 11 1-9 per cent, commencing on the same
date. W hile this course will bring down the cost of manu­
facture, it cannot certainly stimulate the movement of goods.
In fact there is a quite prevalent opinion that the interests
of owners and employes would be best served and the market
more surely relieved by a complete cessation of operations for
a short time.
For the last quarter of the year thirteen corporations out
of the thirty-seven included in our statement have passed
their dividends, and the others, with but two or three excep­
tions, have distributed less than a year ago. The total
amount paid out for the quarter has been only $3' 3,450, or
an average of but 0-89 per cent, whereas during the corre­
sponding quarter of 1896 §298,850, or l -32 per cent was dis­
tributed, and in 1895 shareholders received in the aggregate
$43f,75b, or an average of 2'07 per cent on their investment.
The details for the fourth quarter of 1897 and 1896 are as fo l­
lows:
D i v i d e n d s 1897. D i v i d e n d s 1896.

F o u r t h Qu a r t e r
1897 a n d 1896.

C a p ita l.

P . C. A m o u n t . P . O. A m o u n t .
$S00,000

1

B o r d e r C it y M a n u f ’g C o . .
B o u r n e M ills
...................
C h a c e M i ll s ..............................

1,000.001'
400,000
500,000

S

C o r n e ll M i l l s ...........................

400,0* 0
400,000
580.000
1,200,000
1,000,000
800.000
1,000.000
1,000,000
500,000
750,000
800,000
288,000
400,000
600.000
600,000
600,00 . . N o
800,000
1

F lin t M ills .................................
G lo b e Y a r n M ills ----- ----G r a n it e M ills .......... ..............
H a r g r a v e s M ills .....................
K e r r T h re a d C o ...................
K in g P h il ip M i ll s ..................
L a u r e l L a k e M ills .................
M e c h a n ic s ’ M ills ...................
M e r c h a n t s ’ M a n u f ’g C o . . .
M e t a c o m e t M a n u f’g C o . . .
N a r r a g a n s e t t M i ll s ..............
O s b o r n M i d s ...........................
P a r k e r M ill.
P o c a s s e t M a n u f’ g C o ..........
R ic h a r d B<*rden M f g . C o ..

1
..N o
1H
1
lk
..N o
1
1*
..N o
2
. .N o
1
. .N o
..N o
1
1

lk

S a ga m o re M a n u f’g C o —

900,000
550,000
550,000
J ,000,000
250,000
500,000
300,000
750.000
750,000
550,'100

S h o v e M ills ...............................
^ la d e M ills ................. ..............
S ta ffo r d M i ll s ..........................
S t e v e n s M a n u f a c t u r e C o.
T e cu r u se h M ills ...............
T r o y C o t . & W . M f g . C o ...
U n io n C o t t o n M a n 'f ’ g C o
W a m p a n o a g M i ll s ................
W e e t a m o e M i ll s ....................
T o t a l s ...............................

1

*22.79:1.000

l

1

$8,000

lk
4
lk

15,000
16,000
7,500

—5,000
—4,000
—2,500

2
6,000
8,0 ' 0
8,000
4,000
2
2
11.60"
8.700
d i v id e n d . ..N O d i v id e n d .
16,000
10,000
12,0(W
12,000
>k
25.000
d i v id e n d .
aw
15,00c
2< ,000
Ik
5 ,0 "0
1
d i v id e n d .
7.500
11.25o
ik
8,0 o
i
d iv id e n d .
d i v id e n d . . . N o d iv id e n d .
6,000
4,000
ik
9,000
6,000
ik
6,250
7,500
ik
fl,i'00
i
d iv id e n d .
8,0 ' 0
H.Ou.J
t
.N o
9,000
9,000
1

—2,000
—4.000
-2 ,9 0 0

10.00U
12,00"
5,0 ' 0

1
1
6,000
e ’dod
8.250
i
6.600
lk
. . N o d i v id e n d . . . N o d iv id e n d .
20,000
2
1
10,000
5,0( 0
6,000
2
2
5,000
7,500
1
m
5
15,0"0
18,000
6
2
15,000
11.250
lk
1
7,5' 0
. . N o d i v id e n d .
..N o , d i v id e n d . . . N o d i v id e n d .
0-89

In crea se
or
D ecrea se

$203,450 *1-32

—5,000
..............
- 2 5 ,0 0 0
+ 5 ,0 0 0
—5,000
—3,750
—8,000
-2 ,0 0 0
—3,000
+ 1 ,2 5 0
—6,000

-2 ,7 5 0

-tIO.OOO
—2,500
+ 3,000
—3.750
—7,500

$•294,860 —95,400

* O n c a p it a l o f $ 22,628,000.

Combining the above results with those for the nine months
(published in the Cotton Crop Report Supplement of Sept.
11), we reach the subjoined exhibit for the full year. It will
be observed that the thirty-seven companies have declared
F A L L R I V E R M I L L D I V I D E N D S I N 1897.
The year 1897 has furnished very unsatisfactory results to dividends during the year aggregating $772,700 in 1897 or
an average return of 3'39 per cent on the capital involved
eotton manufacturers generally at the North, but the share­ against $1,385,675, or 6 12 percent in 1896. The exhibit in
holders in the Fall River mills have been most unfavorably detail for 1897, compared with 1896, is as follows:

THE CHRONICLE.

D ecember 25 1897.J

D W M en .it 1891. D i v i d e n d s 1896. I n c r e a s e

Y EARS
1897 a n d 1898.

C a p ita l.
P. c.

*800.000
400,000
495,000
1.000,000
40*1,000
50" >,000
120,000
400,000
400,000
580.000
1,200,000

P . 0. A m o u n t.

$8,000
$20,*XWl
254
d i v id e n d . . . N o d iv id e n d .
4,950 *0
19 300
4
4* >.000
7
70,000
a 18
72,000 12
43,000
17.500
32,500
354
- . N o d i v id e n d .
4.20u
354
s
23,0 4)
32,000
V
4
1H.000
s
32,00<>
h -ii
4*. 500
8
46,400
. . N o d i v id e n d .
34ft
42,000
2
7
0
48,000
- 4-8,000
65,000
1.000.000 . . N o d i v id e n d .
W4
a
60.' >00
8
1.000,000
500,000 . . N o d i v id e n d .
26.900
3
22,500
52,500
730,000
7
2
48.000
18,00*3
800, OOO
8
288,000 . . N o d iv id e n d . . . N o d iv id e n d .
5
20.000
400.000
26,000
6*
800,000
4
*21.0*41
7
42.000
500,000
If*,750
18,730
m
m
12,000
$ ‘1,000
2
600.000
5*4
3
800,000
5
4O.0*X>
24.000
3.90*1
200,000 . . N o d i v id e n d .
m
9,00*.'
5
900,000
45.000
1
5,000
300.000
35,000
1
7
39.00* >
800.000
S8.<W
«54
19.250
38.* OO
7
530,000
m
1
5.500
550.000 . . N o d i v id e n d .
6
00,000
8
80,0 *0
l.OOO.OOO
15.000
0
20,000
23.0,000
3
4
20.000
32,5*10
500,000
300.000 15
45.009 m
76.000
*•3.75n
67.500
9
750.000
<>*
3
52,500
7
*750,000
f a , 3 0"
15,125
550,000 . N o d iv id e n d .

C o r n e ll M ills ...........................
F lin t M ills .............................
G lo b e Y a rn M i ll s ...................
K e r r T h r e a d C o .....................
L a u r e l L a k e M i ll s .................
M erch a n t.*’ M a m if& c’er C o.
M e ta coroet M an T ’ g C o—
N a rra g a n a et? M tiia ................
O s b o r n M i ll s ...................... ..
..............................
F o o t s »«*- M a n n f a c t ’g C o . .
R i c h a r d B o r d e n J d 'F fi C o .
R o b e s m M i !j * ........................
S a n fo r d S p in n in g C o . . . . . .
S m m t m m M ills .....................
S la d e M ills .............................
S ta ffo r d M a li .........................
S t e v e n * M - s a a f a c t n r ‘g C o .
T o e s m s o h M ill* ........ ..........
T r o y C ot. & W M U . C o . . . .
U n io n C o t t o n M T * C o —
W a m p » n o * * r M * . . . . ........
W e e u x m o e M i l l s . . ................

1
..N o
1

$22,793,000

T o t a ls .......

A m o u n t.

3-3K

or
D ecrea se

[From oar ow n correspondent.]

—14,356
— 30.000
- f ‘2 4,0' 0
—15,000
—4.200
—4,000
— 16.000
—2.900
—4 *,000
—50,000

L o n d o n , Saturday, Dec, 11, 1897.
The only event of any importance to be noted this week is
a very serious fall iu gold shares, especially in South African
gold shares, on Thursday, due apparently to pressure by
bankers to compel speculators who have borrowed from them
to dispose of at least ^ portion of their holdings, There is a
curious objection among London bankers against acknowl­
edging that they lend upon gold shares as collateral security
Some of the biggest o f the merchant bankers and great finan
cial houses notoriously lend immense sums, but then they
have not to present their accounts to large numbers of share­
holders. The Joint Stock Banks lend as a general rule, but
they are very unwilling to allow the loans to run on to the
time when the shareholders’ meetings are held. Apparently
the chairmen desire to be able to say that the loans upon such
securities are exceedingly small.
At all events, now that the year is coming to a close bank­
ers have informed brokers that it is desirable to reduce the
loans on gold shares. Brokers have put pressure upon their
clients and there has been » general rash to sell, while very
few being inclined to buy, prices broke completely. It is
impossible to defend the action of the banks. If they do not
think the shares good collateral security they ought not to
lend on them at all. If they think them sufficiently good
they ought to say so honestly to their shareholders.
Outside o f the mining market there is practically nothing
doing. The recovery in New York this week has induced a
few members of the Stock Exchange and a few professional
operators to buy. But the public is holding absolutely aloof.
And as far as can be judged no buSiness will be transacted in
any department until the new year begins.
President McKinley’s Message has made a very favorable
impression, and there is a very strong hope that something
may be done to reform the currency. But there is an equally
strong doubt whether the Senate can be induced to pass any
bill, and while the currency remains unreformed investors
are afraid to buy.
In Paris the stagnation is greater even than in London.
Here there is simply an absence o f business. Nobody hints
that any great operator, much less any great Stock Exchange
firm in London, is in danger ; but in Paris it is freely as­
serted that there are many embarrassments and that the pub­
lic is overloaded with securities. Of course, it is to be
remembered that the losses of Paris have been very heavy
during the past two years. The break-down of the wild boom
in South African securities at the end of 1895 bit Paris harder
than any other part of Europe. Almost simultaneously the
Armenian massacres began in Turkey. There was a crash in
Constantinople, which produced another crash in Yienna,
and both hit Paris very hard. Since then the disturbed con­
dition of South Africa, the unrest in the Balkan P emnsula
the war between Turkey and Greece, the disasters of Italy in
Africa, and above all the insurrections in Cuba and the
Philippines have added greatly to the losses of France, while
the fear that Spain will be unable to continue paying the in­
terest on her debt is hanging like a mill-stone round the neck
of the Paris Bourse.
Business being at a standstill in Paris, nearly every other
bourse on the Continent is equally idle. As a matter o f
coarse the scenes in the Austrian Reichsrath and the growing
excitement amongst the German Austrians and the Czechs
has paralyzed the various Austrian bourses, while the occu­
pation of Kiao-Chou by the Germans has likewise given a
pause to business in Germany,
The general impression in Europe seems to be that Ger­
many was induced to join France in assisting Russia to com ­
pel Japan to give up her conquests on Chinese territory by
the agreement of Russia and France to secure for Germany
a coaling station in China. And the belief is that this coun­
try will not object and that neitber will the United States.
Regarding Japan there is more doubt, but the general opin­
ion is that, though she resents the conduct o f Germany
most keenly, for the present at all events she will not go
to war.
In the meantime the political outlook in Europe seems to
be clearing somewhat. The Dreyfus excitement in Paris
is evidently calming .down. Italy, it is to be hoped, is
emerging from her worst financial embarrassments, and the

—65,000
—28,000
—30,000
- 3 2 ,0 0 0
-6 .0 0 0
—13,000
—21.000
— 16,000
—3.900
—38.000
—30.000
-6 ,0 0 0
— 19,250
—5,5*91
—20.0* 0
—5,0^0
— 12,500
— 30.000
— 18.750
—30,000
-1 5 ,1 2 5

I77V.7IO ' UVI® $5,385,675 -8 1 2 ,2 7 6

t loolBdiov an extra dividend of 5 per cent from real estate.
t On capital of t 2,028.*><*».
a 6 per cent extra.
b Xitelaiiln# an extra dividend of i per cent from real estate.

Here we see that nine mills have declared no dividends this
year. Tw o of them, the Barnaby Mfg. Co. and the Meta­
comet Mfg. Co., pawned the same course in 1896 and 1895.
Three corporations, despite the serious decrease in earnings,
have maintained the same rate o f distribution as last year.
Of the remaining twenty-five mills ail hut one have paid ont
less than a year ago, and in a number o f instances the de­
crease is quite heavy. To furnish a more comprehensive
comparison we have compiled the following, which embraces
the years back to 1880:
.-------- Campanit#. ------ —
iVumber.
37
37
36
33
35
34
33
33
33
33
33

Capital.
$ 2 2 ,7 9 3 ,0 0 0
22,62)4,000
2 1 ,8 2 3 ,0 0 0
21.A 78.000
2 1 ,2 7 8 .0 0 0
1 9 ,8 5 8 ,0 0 0
1 8 ,9 59,000
1 8 ,0 5 8 .0 0 0
1 8 ,5 58.000
17 ,6 0 8 ,0 0 0
1 7 ,2 04,700
16 ,1 1 0 ,2 0 0

*----- Dividend #.’— .
A mount.
P. c .
$7 7 2 ,7 0 0
3 ‘39
1,385,675
6*12
1,772,925
8T2
1 ,1 2 3 .0 0 0
5*25
1 ,7 06,310
802
1 ,4 9 2 ,2 6 0
7-52
911 ,8 5 0
4-93
1 ,420.870
7-62
1 ,3 50,700
9*97
1,896,0-10
9-63
1 ,4 27,990
8 -30
1 ,0 4 7 ,5 5 0
6*50

As showing the relation this year’s dividends in the case o f
individual mills bear to those for a series of years, we have
prepared the following, which embraces nineteen o f the lead­
ing corporations. The intention is to compare this year’s
ratio with the average rate per cent for the previona nine
years :

Average
9 peaen

18 9 7 . 1fm . 1885. 18W. ISO®. V m . 1391. 1380. 1389. 1883. W~'M.

Amer. Linen Co— 1
254
Barnaby Mfsf. Co.. ...
7
Border C*y Mf#.Co. »
Chao* Mill* .. .. 914 M4
Globe Yam Mills.. ..
3*
7
Granite Mill* . . . . . 2
9
Kin* Philip Mills. 9
Laurel LoJce Mill#. ...
514
7
Mechanics* Mills. ~ 3
rt
Merchants* Mfjz.Co 2
Nitrratfanseii Mills 6
«*
7
Osborn Mills ___ *
5
R. Borden ML?. Co. 3
Mfn. Co. 1
5
8
Stafford Mills........ 6
Teentnseh Mills
4
«*
25
TroyC.% W. Mf*.Col5
fin. Cot. Mfx. Co... 9% 9
Wampaaosu? Mills, 3
7

7

4
154
17 *4 7
0
0
0
m
914 «
d
&
9
5*
9
m
6
7
7
5
7
7
1
354
25
854
7
8
914 «
17
28
9
U
6
8

1
7*
8
»54 6
12
8
14
9
154
8
8
8
13
id
10
7
7
6
754 054 0
6
a
7
p
5
7*
5
n
7
8
7
6
1*4
10
7
*>H
12
754 5
5
7M 7
8
20
13
12
12
12
7
5
1

7
6
8
6
8
21
Q
1054
554
8
6
5
6
754
8
854
14
16
9%

12
954
9
3
8
24
6
12
754
10
8
6
8
1054
6
to
24
20
17

p io u e la r iis

- 1 2 ,0 0 0

* O n c a p it a l o f fSSO.OOO,

Tears.
1 8 9 7 ____ _____ .............
1896 . ............. .............
1 8 9 5 ................. .............
1 8 0 4 ............
1 8 9 3 ...........
. .....
1 8 9 2 ................. .............
1 8 9 1 ..................
1 8 9 0 .................. . . . ____
1 8 8 9 ................. . . . . . . .
1 3 8 8 ................ . . . . . . .
1 8 8 7 .................. .............
........
...... ...

1206

2234
6
11
8
8
22
«
ttyf
6*4
7*4
8
6
«54
13
9
H
20
30
1154

7 8-3
b
If) 1*3
«H
7
U
6 2-9
7 5’ J
554
7 2-5
fl 4*9
6 5-9
6
M$ 9
m
7
18 7-0
14 5-0
8

The foregoing indicates that the average year's rate of dis­
tribution is mneh below the average for the preceding nine
y«srs. and it is only in rare instances that the 1897 dividend
compares at all favorably with that for any of the years from
1888 to 1896,
J oint T r a f f i c A ssociation C a s e to b e A r q v k d F e b r u a r y
12,—-The argument of the Joint Traffic Association, which
was in April last set down for the second Monday of the
i K'tober Term, then re-assigned for January 3, was this week
again reassigned for argnment, on February 21. The postp mement to February 21 was made because of the desire to
iwait action by the Senate on Attorney-General McKenna’s
nomination, and so have a full bench to hear the case.

120(5

THE CHRONICLE,

rioting in Bohemia and G-erman Austria lias stopped, at all
events for the present.
The almost universal belief is that during the lifetime of
the present Empsror extreme measures of all kinds will be
avoided, and that however high the excitement may rise at
one time or anu.ther, the Emperor's personal intervention
will always succeed in finding a temporary solution. But
after the Emperor’s death what will happen nobody can
foresee.
,
In Russia there is a good deal of distress, though the area
of famine is by no means as extensive as it was six years ago,
and apparently is not nearly so intense. But in seven or
eight provinces the failure of the crops is very great, and it is
feared that during the next six or eight months the suffering
of a very considerable proportion of t le population will be
great.
There is no change in the money market. The fear of
gold shipments has entirely disappeared, but the Bank of
England retains its control of the open market, and rates,
therefore, are well maintained. As the year draws to a close
it is likely that money will grow scarcer and dearer. Large
sums will have to be accumulated for the payment of interest
and dividends, not only on home account, but on account of
countries all over the world. And the shifting of balances,
thongh it will have only a temporary effect, will for the
time being make it difficult for brokers to get the accommo­
dation to which they are accustomed. Moreover, the jointstock banks have a very reprehensible custom of calling in
at the end of the year large sums which they have lent out,
so as to make it appear that they keep heavier balances than
they really do, while merchants of all kinds have exceptional
sums to pay and require, therefore, exceptional advances.
During the last fortnight ot the year, therefore, rates are
likely to be stiff. But nobody expects an advance in the bank
rate, and early in January the market ought to ease off.
Every where all over Europe money will then begin to come
back from the interior to the great money centres, and from
the great money centres it will tend to flow back to London.
The state of the money market will no doubt be affected
by the course of the pending labor dispute. It appears cer­
tain now that there will not be the threatened railway
strike. Practically the men are unable to engage in a
serions struggle, but there is little hope that an amicable
settlement of the engineering dispute will be arrived at.
The threatened cotton dispute has, however, been adjusted
by the withdrawal of the masters' demani for a reduction of
5 per cent in wages. Should the engineering dispute be
settled, trade would no doubt become much more active,
and more active trale would materially support rates during
the new year.
The India Council is at last able to resume the sale of its
drafts. For 11 weeks it has not soli a single bill or tele­
graphic transfer, blit it announces that oa Wednesday next
it will offer for tender 40 lacs. It adds that whereas in the
Budget, published at Calcutta last March, it was estimated
that bills and telegraphic transfers would be sold so as to
realize 13 millions sterling, the sales will now be reduced to
realiz-110 millions sterling. Very few people, however, be­
lieve that 10 millions will be available Practically, from
the firs': of April last the sales by the Council have brought
in barely 4 millions sterling. Consequently, if the new esti­
mate is to be realized the Council will have to sell in three
and a-half months bills and transfers enough to make 6 mil­
lions sterling. In the same period last year it sold only 4
millions worth. It is scarcely p ssible that it can sell more
immediately after the famine. Bun it is reasonable to antici­
pate that if the Council really does try to sell anything like
® millions sterling worth, or even 4 millions sterling worth,
it will drive down exchange very rapidly. Just 14 or 15
weeks ago, when every one was expecting the snspension of
the sales the rupee stood at Is 3%d.: this week it has been
down to Is. 2,V1. During the 14 weeks that the Council has
not sold any drafts, the rupee has thus fallen a penny, or
practically over 6 per cent. If 40 lacs are to bi forced on f he
market every week, or perlnps still more, the reasonable
conclusion is that there will be a farther and very consider­
able fall,
Messrs. Pixley & Abell write as follows under date of
Dec. 9:
livid.—There lias been enough demand to absorb all arrivals in the
open market, and the prices of ast week have been fairly well main­

fVoD. LXV.

tained. The Banlt has received .£32,000 in sovereigns, from South
Africa and £ 6 0 ,0 0 0 has been withdrawn for South America. A rri­
v a ls: Bombay, £ 8 6 ,0 0 0 ; Capetown, £ 2 6 2 ,0 0 0 ; W est Indies, £ 2 9 ,0 0 0 .
Total, £ 3 7 7 ,0 1 0 . Shipm ents; Doc. 3, Bombay, £ 2 0 ,0 0 0 ; Dec. 3, Cal­
cutta, £ 5 2 ,?00; Dec. 8, Bombay, £ 3 0 ,0 0 0 . Total, £ 1 0 2 ,5 0 0 .
Silver.—When we last, wrote silver had readied 27*2d. Beyond this
rate India did not buy, but there were still sufficient orders to raise
the price to 27»id. Yesterday the India Council announced the re­
sumption of drawings on the 15th inst.; and as the average from then
until the end of March amounts to' 60 lakhs weekly, the silver market
at ouce fell away. A t to day’s price of 2 6 7sd. the m arket is still weak,
and further decline seems likely. The Indian price in Bombay is
quoted at B s. 74kjd. nominal. A rrivals: New York, £ 2 0 3 ,0 0 0 ; West
Indies, £ 2 7 , 0 0 Total, £ 2 3 0 ,0 0 0 . Shipments: Dec. 3, Bombay, £ 6 8 ,25 ; H ong Kong, £ 2 7 .4 7 0 ; Shanghai, £ 4 5 ,0 0 0 ; Calcutta, £ 4 5 ,0 0 0 :
Bombay, £ 6 1 ,3 0 0 . Total, £ 2 4 7 ,0 2 0 .
M exican Dollars —A good business has been done in these coin dur­
ing the week, the last price being 26% d. Shipments: Singapore,
£ 6 ,7 4 9 ; Penang, £ 2 4 ,0 6 2 . Total, £ 3 0 ,8 1 1 .

The quotations for bullion are reported as follows:
Go l d .

Dec.
9.

L o n d o n S ta n d a rd .

s.

Dec.
2.

d.

Bar gold, flue___ oz. 77
78
Spanish, old ......... oz 76
New......... ......... oz. 7 6
a . 8. gold o o in ...o z. 76
Germ’n gold eoln.oz. 76
French gold eoln.oz. 76
B ut- gold, parting.oz.

s.

Sil v e r .

Dec.
9

L o n d o n S ta n d a rd .

d.

11*2 77
0 78
O k ! 76
1*0 76

Dec.
2.

d.

d.

11%

26%

27 *2

OH
O 1^

27^8

28

27
29
26%

27 %
29 %
26%

Bar silver, fine... oz.
Bar silver, oontain’g
do 5 grs. gold.oz.
do 4 grs. gold.oz.
do 3 grs. gold.oz.
6*4
3*4) Oake silver. ....o z .
3%l M exioan dollars.oz.

63l 76
3 *4 76
3% 76

The Bank rate of discount and open market rates at tb
chief Continental cities have been as follows:
D ec.

Rates of
Interest at

Bank
Rate

10
Open
Market

2
5
5
5
3
8
4
0
5
5

^aris.................
lerlin..............
lam bury ..
Frankfort. ..
im aterdam ...
Brussels........
Vienna......
It. Petersburg
dadrld..........
lopenhatren

Dec. 3.

Nov. 20.

e

Nov. 19,

Bank
Rate.

Open
Market

Bank
R ate.

Open
Market

Bank
Rate.

Open
Market

2
5
5
5
.1
3
4
0
5
5

2

2
5
5
5
3
8
4
6
5
5

2
IH
4H
m

2
5
5
5
3
3
4
0
5
5

2
m

2
W<S
m
4u
2'A
2
3%
5
4
ft

4*
m
2
5
4
5

IH
3»
5
4
5

4*
3
2
3%
5
1
5

The following return shows the position o f the Bank of
England, the Bank rate of discount, the price of consols,
fee., compared with the last three years:
1890.

1897
8

1895.
1894.
11
D e c . 12.
(
P
£
£
.
2~,122,695
25.870,225
25,505.900
25,170,705
...
7,023,919
6.51*8.833
7.70 >,013
5,003.495
42.471,307
51,22 >,937
34.932,951
13,752.909
.. 12.720.315
14,831,249
13,939 181
. .. 20,798,215
20.519.177
25,901,572
18,43 8,18 L
21.017,'8 7 85,958.621
. 21.854,419
25. *66.741
35.68?.012
’ts 33,177,114
33,743,443
41.72*,5*1
54 1-14
. C.
50
61 13-16
63*
4
2
2
nt.
d
112 13-16
111 7-L6
100 13 16
102%
30d.
*27% c.
29JC1
... i3 i.o e o .o o o 121,457,000 110,547,0x9 107,880.000
D e c . 9.

D ec.

Circulation
. ..................
Public deposits ...........
.
Other deposits ........... .. .
3oYernment securities ........
O therseourtttes.....................
Seserve of notes and o -> ln ..

Bank rate . ........ ...per
Consols, 2% per cent ..
Silver
............................
CJlearlng-House returns .

D ec.

* D e ce m b e r 13.

The rates for money have been as follows :
O pen
London. 05

s
a

M on th s

Nov. 12 3

**

D ec.

19
26
3
10

3
3
3
4

2%

2 1 3-16

3
2 1 5 16
2 1 5 -1 6

F our

f o r d e p o s i t s h%

T r a d e B ills

S a n k R ills.
T h ree

I n te r e s t a llo w s v

M a rk et R a tes .

D is c * t B se

F our
S ix
M o n th s M o n th s M o n th s M o n th s M o n th s

2H
2U
s

2H
2H

T h ree

S ix

2%

3 (S 3 * 3 @ 3 * 3 @ 3 *
3
SH
SH
m
%
3K
8H 3
3
@
3
*
3
*
3M
254
3*
254
3H 3% @ 3*

S to ck

At

7 t o 14

B anks

Call

D ays.

D4
1*
ns
U i

1*6

u i

2
2
o

m

154
2H
2W
2J-4

The following; shows the imports of cereal produce into
the United Kingdom during the first fourteen weeks of the
new season compared with previous seasons:
IM P O R T S.

1«97.
1 8 96.
1895.
Importsof wheat.cwt. 1 8 ,2 0 0 .7 0 0 1 8 ,6 2 1 ,0 3 0 2 0 ,5 4 0 ,8 6 0
B arley.............................. 6 ,6 1 5 ,6 9 4
8 ,6 4 3 ,4 5 0
9 ,1 6 1 ,5 3 0
□ats ................................. 4 ,1 6 5 .8 2 0
5.9*22.640 4 ,2 1 7 ,3 4 0
P e a s...................................
8 3 9 ,8 0 * 1 ,2 6 1 ,5 5 5
8 7 5 ,4 1 0
Beans............................... 1 ,0 3 1 ,1 1 0
9 9 3 .2 4 0
1 ,1 3 5 ,1 6 0
Indian corn...........„M.. 1 1 .7 1 1 ,8 0 0 1 7 ,3 4 2 .2 0 0 1 1 ,8 1 9 ,5 5 0
? Io u r ............................... 4 .7 1 5 ,2 0 0
6 .0 1 3 ,4 7 0
5 ,4 5 1 ,4 0 0

1 894

18.517,24 5
1 0 ,4 53,241
4 .2 7 8 .4 5 0
7 5 8 ,5 1 4
1 ,2 4 7 ,9 3 3
6 ,1 2 1 .9 7 4
5 ,5 9 7 ,7 5 9

Supplies available for consumption (exclusive of stocks on
September 1):
1 8 97.
1896.
Wheat imported, ew t. 18 ,2 0 6 ,7 0 0 1 8 ,6 2 1 .0 3 0
Imports of flour......... 4 .7 1 5 ,2 0 0
6 ,0 1 3 ,4 7 0
Sales of home-grown. 9,7 1 6 ,8 1 1 8 ,3 6 3 ,8 5 4
T otal........................3 2 ,0 33,711
1897.
4 ver.price wheat,week.33s. 9d.
Average price, seaso n ..33s. 3d.

1895.
2 0 .5 4 0 ,8 6 0
5 ,4 5 1 ,4 0 0
4 ,5 1 6 ,7 2 7

1894.
18 ,5 1 7 .2 4 5
5.5 9 7 ,7 5 9
5 ,8 1 5 ,4 1 3

3 2 ,9 9 8 ,3 5 4

3 0 ,5 0 3 .9 3 7

29.9 3 0 417

1896.
32s. 8d.
288. 4d.

1895.
24s. l i d .
24s. 6d.

1894
20s. 7 d .
19s. 3 d .

THK

D ecember 25, 1897, |

CHRONICLE

T he fo llo w in g sh o w s th e q u a n tities o f w h ea t, dou r and
m a ize a d o a t to th e U n ite d K in g d o m :
This week,
W h e a t.. . . . . . . . q r s ...2 ,2 4 5 .0 0 0
Floor,equaJ to q r 3 ...
4 4 5 ,0 0 0
Maize............... q r s ...
5 6 5 ,0 0 0

1 8 96.
2 ,4 1 0 ,0 0 0
3 9 5 ,0 0 0
8 4 0 ,0 0 0

Last week.
2 ,1 8 6 ,0 0 0
425*000
4 9 5 .0 0 0

E n ^ lI a U F i n a n c i a l

1 8 95.
1,854,001
297 ,0 0 0
5 6 9 ,0 0 0

London.

Mmi.

Sal.

T%its.

BJlver, p4*r o tm o e ...,-d - 2315,. 26if5
26* if.
Jon^ois., new, 2 % p.&tM,
1 12*lu U 2 % *
For aceottnt......... .
1127$
11214., 112%
Fr'cn rente* (Is Parisifr. l®3-do IU3'25 03 17%
130*
I35g
13%
Atcti. Top. A Santa IV
Do
do
pm f
am
31%
am
84
83^
Canadian Pacific..........
84 4
2 2 >2
22%
Chesapeake A Ohio___
22 8*
ySSg
97%
Ofck\ Aliiw. & St. P ad). 98 in
•47%
47%
46%
D enr. & Rio O r., pref15*3
15%
Erte, common . . . . . . . . .
i.5^a
40
39%
1st p referred........... .
39>*
Illinois CoBtral. . . . . . . . 1f>673 107%
10UT,
178
ITS
Lake Shore ....................
58%
.58%
Louis ru le «& Naahvilie
M ex! can Central, 4» .
70
B9N
13 ^
Mo. K an . A T e x ,.co m .
J3*s
13*a
111
II0
N. Y . Ceot'l A Hudson 110%
16
16%
N. Y. On 13 ?lo A Weftt’ ii I 10
48%
49 %
49 %
N orfolk A W m t'n , prei
22h
2l%
No?tli0 fn Paeitio.com.- 22
0 1 16
61%
»o %
P referred......................
5 8 . 58
Penn*}Ivania . . . . . . . . . , 5 8 %
11%
11%
11%
Pftlla. A It«a d .. per «h.
25%
3 5 Ni
20
PUU. & R ead., 1st pref
9%
9%
S>uth*B Rad w ay, com
34*3
33 4
Preferred................. ..
31 h
20
2' %
20%
Union Pacific......
18%
18%
( f a b * -!:, p refaatecL ....
I8>t

Wed.

Thure.

%OhG
n 2%
112%
03*12%
13%
30%
83%
22
9 7 75
46%
1.7%
39 *4
106%
177
58%
69%
13*4
UOhj
10%
49
22
60%
*8 %
11%
26
iitj
3 3 »i
27*1

26*5

Fri.

26\
11 2 » -6
I 1 2 7 n 112%
03*15
1 0 3 -.0
13 *o
13%
31
31 %
83%
84
22
221a
97%
98%
47
47
15iS
15*3
39 %
39 %
106%
to 6%
177
58%
38^4
6 %
611 ‘s
i 3>4
13%
11< %
110%
A6%
16%
49
■194
. 22
*22%
60 %
61
58%
58 >s
32
1 * 7h
26%
27%
94
0%
33
33%
26%
26%
1>%
1 '8 %

©amiuerctadand f&iscellaucaus Slews
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 .— T he fo llo w in g a rt
the im p o rts at N ew Y o rk f o r the w eek en d in g fo r d ry g o o d s
D e ce m b e r 16 and fo r the w eek e n d in g fo r gen eral m erchandise
D ecem ber 17 a lso totals since the b e g in n in g o f ths Sirs*, week
in J a n u a ry.
p q r k io k im po r ts a t n e w t o k k .

For week.

j

1807.

D ry good* .........
Gen'I rnerMiftc

$ 1 ,4 3 5 ,9 3 9
6 ,5 5 4 ,7 7 7 .

$ 1 ,5 0 8 ,8 1 3
5 . •68,155!

1894.

$ 2 ,2 7 5 ,1 1 8
5,341,6191

$3 ,0 7 1 ,9 8 0

8,035355

T o t a l ......... :
$ ?,9 9 0 ,7 1 0
$ 7 ,3 6 1 .9 g 1 $7,5 8 6 ,7 3 7 ' $ 1 1 ,7 07,833
Since Jan. 1 . 1
Dry goods ------ 1$ \15 ,4 9 9 .1 1 7 $ 1 0 2 ,° 0 0 ,3 1 7 $138,798,7171 $ 8 0 ,6 80,581
Gen*! mer'&i*** 318,1 4 2 ,5 5 1 3 2 4 .8 3 0 ,177 35 9 ,2 1 6 ,0 4 0 3 3 7 ,7 81,807

Total 5 0 weeks! ? » c :t,c :;i.7 0 i « 12 7 ,7 3 0 .494 $ 1 0 8 ,015,657! $424.142,369

T he fo llo w in g is a statem en t o f th e ex p o rts (ex clu siv e of
specie) fr o m th e p ort o f N ew Y ork t o fo re ig n p orts fo r the
w eek en d in g D ecem b er 2 0 and from J a n u a ry 1 to date :
KXPORTS FROM S sw FORK F<

|
For the wewk. Peer, reported

1897.

1 8 96.

Tils WESh,

|

1895.

1894.

$6.8 2 2 .0 0 0 :
$ 10,5 3 2 .8 7 6
$ 3 ,5 7 7 ,5 9 8
366.S55.060j 327.817,203- 3 1 1 ,2 1 0 ,9 6 9

$ 9 ,1 80,366
397*471.037

Total 50 weeks’$ 4 0 6 ,0 5 7 ,4 0 3 $377 ,3 8 7 ,9 3 6 ! $ 3 3 4 ,6 3 9 ,2 0 3 1*3 1 6 ,7 8 8 ,5 0 7

The
specie
bW 18
pern

fo llo w in g table sh ow s th e exporta and im p orts of
at th e port o f N e w Y o r k fo r th e w eek en din g Decernand sin ce J a n u a ry 1, 181)7, and fo r th e corresp on d in g
: in 1690 and 1895.

Bjtporl*.
Week,

France.......

....

We*t Isotcfl
Mexico
South Amerl

$0,2 5 0
___
3 2 .0 0 0
.............

Germ any

Total 189
Total 189
Total IMSi

1 1 ,7 80,000
071 .Old
2 ,0 3 0
233 ,5 7 5
755 ,4 1 0

$ 3 8 ,2 5 0 $29,899,191
23,2 5 0 5 1 .30 s ,0 42
7 ,1 2 8 ,3 0 9 96 ,0 4 1 .0 0 2

writ.
W eek.
Great B rita in .. . . . . .
F r a n c e ....... . . . . . . .

G erm any...........

W est fadiea,.............
Mexico
..........
So ut,h A merica. . . . . i
All other cottfttrlee.
Total 1 8 9 7 .........
Total 1 8 9 6 . . . . , ,
Total 1 8 9 5 .........

Week.

$979,(560

0 fO » t Britali

A ll other coo

SineeJan.X.

fm ports.

Since. Jan. I . 1

$ 1 3 ,2 5 3
1,681
24,002
3 ,400

Since J a n .1.
$ 3 ,5 5 0 ,0 29
2..500,000
2.143,153
3 ,827.057
168.230
957 .2 3 7
503,634

$42,429 $ 1 3 ,0 50,246
20,300 82,822.115
437,717 2 5 ,0 92,022
Imports,
Week.
.............

Since Jan. 1
$6*4,659

$9 1 1 ,2 8 0 .143,91 3.240
___ ___
0 3 8 ,OOO!
. . . ____!
5,750;
435
3 31.623
5,125
24,978
226,524)
.........
3 ,325

$22 ,1 4 2
1S.3B0
20,11 i
290

2 321
582 [2 8 1
1,3S3,G70
US 1,033
43,6 8 0

$ 9 36,693 $ 45,123,593
1,073,593 5 0 ,9 07,398 j
919,527' 3 7 .9 0 3 ,1 1 H

$8 9 ,8 0 6
50,2 0 9
2 0 .5 2 7

$3 ,0 2 9 ,9 5 5
2 ,811,285
1,771.338

............,

2,"06

O f th e a b o v e im ports fo r the w eek in 18!>7 $15,113 w ere
A m e rica n g o ld co in and $388 A m erica n silver coin . O f the
ex p o rts d u r in g th e sam e tim e, $13,25 ) w ere A m erica n gold
c o in .

Flour.

Toi.w k.’hT.
Same wfe.'ftG.
■iame wk.’l»5.
Since Any. 1.
I8h7-.............
1 8 0 0 ..........
1 8 9 5 ..........

B rough t

F rom

Page

1 2 2 9 .—The

Wheat.

Oats,

Corn.

Bye,

Barley.

0,665,243
2,50i .471
5,729,101

20? ,403
£09,542
l8S,h2i

8,81V,990
4,504.962
2,6c!1.55t

4.304,717
2.306,860
3,33 %53'

7S0.UH
1,118.208
980.L4i

190,018'
212,524
126,815

4.M7,98; i3P,B2S#0 107,001,250 S7,403,964 21,571.37f 6.373,340
105,270.440 09,335,814 83,475,355 23,163.123 4,230830
5,70«,aB3 120.209,959 ■49,224,019 65 289,219 22,546.28- 2,108,371

The receip ts o f flour and gra in a t th e seaboard p orts fo r th e
week s ided D ec, 18, 18.17, fo llo w s :

bbia.

Boston............
Montreal........

Philadelphia
Baltim ore........
Richmond—
N ew Orleans*.,.
Galveston........
Portland. Me ..
St. John. S. B . ,
.N ew p ort News.

..

fllt9i)3

..

104,081
1,^65
l!.7 l l

...

Gr>rti,
Oats,
bush.
bush.
£'•5.725 l.'fl -,600
1 *7,7:-0
19)>,00l
. 1?-8t2( 0
231,090
202,»29
919,314
188, 58
6.! 96
V,1h6
S9.875
620,8' 6
99.01-0
6.300
34 Olio
194,212
69,611
47,653
154,0(0
30,000

Wheat,
bush.
1,f'77,*$25
481,090
10.020
H>8,345
8*3*251
7,010
406.SJ8
276*880
8 *. <57
61.138

Flour,

Receipts at —

iv’ e w Y o r k . , . . —

18,"’. 8
6.982
66,000

Barley,
bush.
811.' 2v
J3.013
3 54"
212.^50
2,0-13

Bur,

hush.
221.3-^0
715
125 503
25
33.940
2d, 94

512,571
417,611
Total w eek.... . 567.022 2 8-o.lSl 2,'47,37 2 2,32' ,503
reek 1906..
iswi................
i,ooi,;>i5 2.573.04i l.isi.oat
isn,<oo
xot,95i
Week
• Receipts do nor Include trraln passing through MTew Orleans for fore iff b
ports on through hills of lading.

T otal receip ts a t ports from J m . 1 to D ec. 18 co m p a re a s
fo llo w s for fo u r y ea rs:
Receipts of—
1805.
1597.
isoh.
1891.
flou r................
17,%00.5IS
..hbla 2 5 /0 0 ,3 7 5
12,807,8 8
20,0 iii.489'
.bush
. “
.
M
.
*'
.
“

h its
....
B a r le y ........ .
B y e . . . . ........

KH.208. 2i 0

07.0 1.83 >

02,0 ‘7,71*1
) ;<,* 00.593
11 />75,i50

102.690.170

Total grain....

9r>,yr>8/05
7l,S)*)l,i)tl
IC. in.t 2-<

50,8 <7,034

6.019,277

10.4IG.507
07.157,17?
42,4" 1.161
4 4' 1.5 l
501,02:5

283,501,0-G

154.0(»l,62i

118,501,804

lS’ .iM.na

10, IHl

4 -.Ni l.78fl
■1.0*13,038
578.155'

T he ex oorts fro m th e severa l seaboard ports fo r he w e e k
en din g D ec. 18, 1897, are s h o w n in th e a n n e x e d sta tem 5n t :
W neat,

Corn,

E xports fro m - — *»n M
bn*h.
'*'«!•* i o n .. 1.097.USL 7,*l20,7nS
LI 5,393
4'.*tr*n............... J0'*.t)35
3 l,o o
P o r t la n d . . .
8 2 ,4 5 /
•.3-.0"S
P t n ia d e ip h ia ..
B a ltim o r e .
. 29 ! . S 0
S ' 1,677
V ew O r le a n s .. 3 5 ", 750
n ;,7 5 0
M orfolfc.............
•>JewD‘ rt
1 /4 .0 6 0
S t. J o h u , N . B
01.133
6 9 .0 1 1
•alr o n u m . . . . 8 1 6 ,0 0 "
70. "0 0
T o t a l w rb ...2 .338,954 8.610,511
8 v m e ttr a e )» U ,U 8 ,0 1 2.7 07.075

flo u r ,
bbl*

oats
hath

Bt/e,
bttoh

111,700
35,904
15,'* 98

7 >8,335
0 *,273
194,242

74,1 10
6,8 U

4 0 .0 0 1
22,275

60.000
0,981

30.000
47,053

317,397 1.131,178
960,616
307.781

jPras,

tn s.

61,850

13,434

33,040

18,538

Barley •
bush.
6-3,177

158,550

26,806
....

8,070

280,633
142,071

30,072
50,5*48

63.177
4 00 ,33 7

The destin a tion o f these ex p o rts fo r th e w eek a n d s in c e
Septem ber 1, 1896, is as b elow .
Exports for

Week

week firid since
Sept. I to—

Dec. 18.

—------Wheat. -------- , ,-------------Co n. ------ ——,
Week Since $*pt.
Week
Since Sept,
Dec. 18. 1, 1897.
Dec. IS.
1 .1H97.
hash.
hush.
bush.
bush.
3,157,610 1,351,121 28,220.095 2,0- 6 .8 i s 21,242,352
468,240
9o5,790 22,747.288 1,524.737 23,201,935
? 8 7.530
738,756
I7't
8o,461

Since. Sept,

bbts.

D o it e d tftn jzdom 245,124
C u U n e n t ...........
6.522
25.478
S k O. A m ertea , 23.311
W e s t I n d ie s ..
B rit. >?. Am C o i’ e.
13.102
4,605
O t h e r c m n t r l e s ..
T ota l
.
„
T o t a l 1 8 9 6 ....

CXI'ORTa ANO IMPORTS OF SPECIE AT NEW TOSS.

F ig u r e s

BbUl9dlbs Bush.GO lbs Bmh.tGlbs BushMlbs BushASIbs Bu.m lbs.
120,f 2i
C h ica g o......
2,525,505 1,577.635 2,649,181
448,285
100*950
149,600
15,-o0
263,000
Milwaukee
232.700
123,200
43,200
239,' 73
2i0,O8i
IP.-84
19,717
39,278
Minneapolis6*050 2,675.130
115.090
2SbA 0
188,218
22,247
32,031
5,£50
*203,555
Detroit
45,375
4J,P3.i
78,02
110,446
223 366
Clevelaod ...
15,617
104,703
........
S6S.5S5 V 50,88*
85.840
43,250
11,200
St. Louis . ..
148.^00
6,600
207,500
Peoria . . . . . . .
- »;189
204,550
4s,88b
3,000
317,000
3 0,500
Kansas City.
109,000

Wheat........
Com . . . . . . .

1895.

1896,

B r e a d stu ff*

sta tem en ts b elow are prepared b y us fr o m th e figu res o f t h e
N ew Y o r k P ro d u ce E xoh a n g e. T he receip ts at W estern lake
and liv e r p orts for the w erk en d in g D ec. 1S, a nd since A u g ,
1, fo r each o f th e last th ree years, h av e been as fo llo w s :
Receipts at—

M a r k e t s — P e r C a b le ,

T h e d a ily clo s in g q a o ta tion s f o r securities, e tc., at L oudon,
are rep orted by ca b le as fo llo w s fo r the w eek en din g D ac. M :

12 0 7

317,097
307,782

1 ,1897.

322,747

82,980

51,045

109,202

70,732
0,7oO
7,437

4,494*2*2
4.354,560

2,338.056
J . l 18,03i

51,881,311
24,371,858

3.610,594
2 ,7 0 7 ,0 /3

6 (7 ,6 5 5

HW,794

62,953

The v isib le s u p p ly o f g ra in , com p risin g th e s to ck s i n
granary at the p rin cip a l poin ts o f a ccu m u la tio n at lake a n d
seaboard ports, D e c. 18, 1897, w as as fo llo w s :
[n store at—

Wheat
bush.

8,853.00^
N ik
o r * .............
2 k9,000
fio
a float,........
A !D -if,y ..............
BilffftlD .. . . . . . . . . ’ 2,512,000
0c
a f l o a t . . .,
C h )or«»o
. ......
7,793,000
Bo
a f l o a t . . . ..................
VI !w.f titeee ..................
113.000
f‘o
a f l o a t ..........
D ilO tfe .........
1,295,000
Do
a flo a t .----- . .
........
T 1 0 4 0 ...
. . . ------276,000
Do
a f l o a t ............
B e ro t ...........................
194.000
Do
a f l o a t . .......................
6.000
9
U lt ll* ......................
2 ,2 7 1,'ior
Oo
nflO’i t ............
50.000
J ' o im i a t l...............
12.000
Bnufcon...........................
*126,000
P -uxm to...................
13,000
M n t r a a l . .......................
102,000
P h ila d e lp h ia ..................
981.000
P e o r ia . .........................
4.000
I n d ia n a p o lis . , ..........
137,000
K n « a iC M y .. . . . . . . . .
82-i.oOO
B a lt i m o r e ....................... 1 .2 5 0 /0 0
n n e a p o ! « . . . ...............11,849,000
O n M lM 'flT lp p l H i r e r ............. ...
On L t t t e t t ................
1,292,000
O n c a n a l » n d r i v e r .........................
T ota l
T ota l
T ota l
T ota l
T ota l

D ee.
D ec.
D ec.
D ee.
D ee.

18, 1897.35,565.000
I t. 1897.34.714*000
1 9 ,1 8 9 6 .5 5 .163.0CO
21, 1^95.69,393,000
2 2 , 1894 8 '.071.0C0

C orn ,

bush

Oats

bush

Bye.
bv^h,

B a rlei»
bush.

482.0OC'

0 993.000
4 : 0,0 to
175,000
2,724,000

3.28V>0G
054.000
60,000
1,005,000

858 000
33,000
226,000

397,00080,000 V
1,920,000 *

10,795.000
0 1 3 /0 0
75,uOU

1,495,000

502,000

8 84,000 *

82,000

21.000

1 374.000

973,000

059.666

345,000

309,000

38,V o 6

n o ,o o o

‘ 0.000

47,000

*78/100
2,930,000

3 0 ', u66

120.000

48,000
141.000
8.000
380.000
316,000
116,000
108,000
61.000
476,000
3,270.000

24,000

970,000
64.000
138 non
fc30 000
73,000
527.000
7*-4,000
1,272,000
908,66b
38,539,000
i u ; m .ooo
18,073.000
5.78:1,000
8.838,000

485,000
40.000
14,383,000
li,«5 L ,0 0 0
12,134,000
6.408.000
v .o o o .o o o

’ 19,000 ■
E21,000
12,000
69.000
2,000 •

02.000
1000

38,000
1,000
84.000
:i8 1,000
134,000

40.000

54.000
*18’000 •
38,000°

83,666

*49,000"

3.045.000
3.081)000
2 831,000
1,556.000
462.000

4.605.00 O'
1,880.00(1
5.130.000
1.204.000
3.306.00 c.

B o n d s H e l d b y N a t i o n a l B a n k s —The following interest
ing statement furnished by the Comproller of the Currency
shows the amount of each class of bonds held against national
b&Dk circulation and to secure public moneys in national
bank depositories on November DO:
V. 8 Bondi Held N ov. 3 0 ,1 8 0 7 , to Secure—

Dltriplion of Bondi.

Bank
Circulation.

Public Deposit
in Banks.

Oorrenoy 6 b, Pao. K R ...
B percent*, 1 8 9 4 .............
4 per ots., funded 1 9 0 7 ..
4 per cents, 1 8 9 5 .............
2 per cts., funded 1 8 9 1 ..
Diet, of Col. 3-65e, 1924.

$6 ,9 0 8 ,0 0 0
5.300.000
19 ,0 5 5 ,0 0 0
6.622.000
1,2 4 0 ,5 0 0
300 ,0 0 0

T o c a L .... . . . . . . . -----

$ 40,025,500

$ 8 ,7 78,000
1 6 .0 98.650
1 49,419,600
28 .9 9 6 .6 5 0
2 2 ,0 66.400

N

ew

Y

ork—

onthly

1897.

1890.

1

*

*

34,415,116
38.974.041
46,878,300
59,939,218
43,951,475
49,074,012
33,400,976
20,541,439
28,434,443
31,021,412
34,112,880

44,795,510
40,981,021
42,285,571
37,918,059
35,038,031
30.507,351
33,254,119
32,294,914
S2.649.397
33,139,446
32,45S,17»

33,467,094
30,318,791
84,532.480
31,412,308
34,959,807
33,792,998
31,142,80
31,345,828
37,4 *7,3'6
34,492,610
32,340.749

1896.

1897.

*

i

33,801,742
7,705,400
8,359,780
27,377,962
30,003,815 17,579,633
29,929,852 17,711,363
29,862,948 9,092,276
30,822,094 14,728,789
30,830,037 12,299.574
5,202,728
28,060,172
5,300.542
30,495,166
35,486.780
6.799.090
32,620,560
6,929,14

1896.

*
10,424,675
10,077,443
9,320,014
7,584,037
7,360,059
7,213,322
8.259,04 8
8,450,766
7,621,220
7,163.420
6.646,183

The imports and exports of gold and silver for the eleven
months have been as follows :
G or.i) M o v e m e n t a t N e w Y o r k .

Imports.
1897.

Exports.

1896.

1897.

August......
September.
October.....
November..

*
*
7,217,055
201,329
9,792,490
286,162
280.107
606,851
706,757
299,634
307.050
222,988
339,826
378,885
230,918
359,947
3,560,086
L6SL334
333,456 30,735.333
8,9S9,0O6 23,133,791
4,016,890
354,512

Total.. .

13.943,198 80.403,329

January....
February..
April..........
May............
June...........

1896.

S i l v e r - N e w Yo r k .

Imports.

Exports.

1897.

1897.

$

t
1
302,281 10,538,473
1,909,180
823-.131
384.065
607.587
0,507,602
3,272,077
9,453,197 18,685,454
5,875.013
7,313,263
8,998.876
4,551.186
790,870
50,590
84,135
47,805
11S.C84
99,839
226.951
293,2 U

950,9.14
800,531
845,455
923,194
1,674,1 >-5
1,518,054
1,004,900
1,205,4 72
1,050,804
1,151,682
1,024,590

3,421.002
3,782,205
4,233,532
4,450,520
3,085,332
4,809,837
8,812,015
4,311,325
3,324,001
8,827.889
3,799,380

60,135,773

12,820,801

49.958.070

30,238.034

1

New York City, Boston and Philadelphia Banks.—Below
we.furnish a summary of the weekly returns of the Clearing
House banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non­
member banks, which will be found separately reported o n
the third page following.
Gapnal <k
h a n k s . Surplus.

Loan*.

Specie.

Legal$.

Continental.
Corn Exch.-East River..
Fifth A v e ....
Fifth*...........
First............
First N .,S . I.

S t a t e m e n t .—

Total... 431,807,011 401,931,662 365.243.507 339,291.147 111,748,315 90,120,18

MONTH.

Am. E xch...
Astor Place*
Bowery*.......
Broadway....

City...............

Exports.

Imports.

DepotitsA Circ’Vn. Clearingt

$
$
N. Y .
$
$
Dec, 4.. 132.333, 6 597,744.0 1044898 84,202,8 660.278,6 15.9*16,0 793,330,9
"
11.. 132.333, 0,607.725.3 1038799 83.800,0 675.169.9 15.854,2 783.921.6
“ 18.. 132.333,,6 606,079.3 104267O' 78.931,9 069,891.4 15.751,1 806*245,5
“ 24.. 133,253,,6 010,000,3 1044037 74,402.9 669.132.0 15.728,6 629.611,1
B oh.*
Dec. 4 . 63,393,4,8 180,208,0 11.329.0
9.591.0 184.168.0 6.418.0 109.022.6
“ 11..
9.845.0 186.981.0 0.233.0 105.0259
*.8 181,458.0
■ ■ 11.329,0
■ ■ ■
"
18.. 03,393,8] 18i;292,0 1L049;O 10,498.0 189.312.0 5.705.0 112,593,5
P h lla . •
Dec. 4.. 35.388, 0 117,74 0.01
129.259.0 0,503,0 82 0 26..
38.527.0
"
11.. 35.388, 0 117,308.0
38.180.0
127.760.0 6.520.0 67,662,x
** I * . 3 5 .3 8 8 , Olll6.853.0l
128.9
*4,0
38.741, ■
0.360,0 76,733,j
• We omit twoci; ihers in all these figure*.
♦ Including tor loston and Philadelphia the Item "due to other bank?.”

LfWfwwnort*

N

M is c e lla n e o u s B o n d s .
Jeff. A Clear. C. A I. 1st g. 5s
2 d g. 5s .................................
Manliat. Beach H. A L. g. 4s.
Metropol. Tel. A Tel. 1st 5 s ..
Mlcb.-Pt.ain. Car 1st 5s __
Mutual U nion Tel eg.—6s, g ..
Nat. Starch Mfg. 1st 6s ....
N. Y A N . J. Telep. gen.5s .
Northwestern Telegraph—7s
People's Gas A 0 / 1 1st g. 6s.
Co., Chicago
) 2d g. 6s.
1st cons. g. 6s.......................
Hontli Yuba W ater—Con. 6s.
standard Rope A T .—Inc. 5s.
Sunday Creek Coal 1st g. 6s.
Western Uni-m Teleg.—7 s...
’ v^atpri) d a s coll. tr. 5s...
*•—’ ’ ^’ ’in d ica te s p r ic e out; “ a” p r ic e ashed. * Latest p r ic e this

340
170
220
300
230
165
500
290
4000
700
125
150
210
130
285
138
220
2800
225
2800
120
185
310

Ask.

BANKS.

Bid. Ask.

175

German Am .

325
250
105

Germania—
Hide A L A ..

140
213
295

MarketAFul
Mechanics’ .
M’chs’ ATrs’

3300

Merchant.’ ..

150
160
195
350
105

150
230
230
'■ v .C o ’uty 700

Bid. Ask.

B AN K S.

600
112 120
275
300
165
365
85
95
155
525 650
147 *2
168 175
130
750
230 240
220 250
185 195
no
168
148 1*55
115
440

90
135
Park............

260

100

450
100
Seventh.
Shoe A Le’th 90
Stateof N .Y . 112
Third___
10
Tradesm’n’s. 102
125
220
170
210
170
125
West Side.. 270

GAS COM PANIES.

Bid.

B’klyn Union Gas—Stock. 116**
I l l 's
205
Consumers’ (JerseyCity). 75
Bonds........ ....................... 102 *2
Jersey City A Hoboken... 185
105
Mutual (N .Y .) -............. 310
N. Y. A Last Riv. 1st 5s.. 112 *2
98
79
Consol. 5s......................... 108*a

Ask.

GAS COM PANIES.

80
104
195

100

185
140

170

105
258 260
103 105
40
46
80
75
145 148
135 138
88 *g 90
1021k 103'k

Equitable.............. ............
Bonds, 6s, 1899 .............
St. Paul................. ............

340
Standard pref......................
114
Common............................
104
81
107ia

City Railroad Securities.—Brokers’ Quotations.
Bid.

Ask.

Bid. Ask.

Atlan. Ave., B’klyn—
Con.5s, g., 1 9 3 1 ..A A O §100 103
Impt. 5s. g., 1934.JAJ
77
80
Bl’eck.St.AFul F.—Stk.
33
31
l8tmor<.,7s, 1900.JAJ 106 108
B’way A7th Ave.—Stock 202 207
lstmort.,5s, 1904. J AD 106 no
2d mort., 5s, 1914.JAJ §111 112*2
B’ way lst,5s.guar.l924 §117 118
2d 5s, int. as rent’l . i 905 §106 107
Consol. 5s, 1 9 43..JAD 120 120*2
Met. «t.Ry. gen. fis, ’97 113 113*2
Brooklyn City—Stock... 196 197
Consol. 5s, 1941.. JAJ 114 116
Bklyn.Crosst’n 58.1908 106 108
BklrnQ’ns Co.ASub.lst D 2 103*2
Bkl’n C. A Newt’wn—Stk 160
5s, 1939.................
113 116
Brooklyn Rapid Transit.
33?8 34
5s, 1945.................A AO
9234
Central Crosstown—Stk. 195
1st M., 6s, 1 9 2 2 ..M AN §118 122
Cen. Pk.N.A E.Riv.—Stk 173 178
Consol. 7s, 1 9 0 2 ...JAD 113 117
Columbus A 9th Ave. 5s. 120*4 121
Christ’p’rA 10th St.—Stk 155 160
1st mort., 1898...A A O 102 104
§ And accrned interest.

D. D. E. B. A Bat’y—Stk.
1st, gold, 5s, 1932.JAD
Scrip.............................
Eighth Avenue—Stock..
Scrip, 6s, 1914.............
42d A Gr. 8t. Fe .—Stock
42d St. Man. A St. N. Av.
1st mort. 08,1910.MAS
2d mort. income 6s. J AJ
Kings Co. Trac.—Stock..
Lex. Ave. A Pav.Ferry 5s
Metropolitan St. Ry.-Stk
Nassau Elec, 5a, 1 9 4 4 ...
N.Y.AQueensCo.5s,1946
Steinwaylst 6s.’22 J A J
Ninth Avenue—Stock...
Second Avenue—StocK..
Debenture5s, 1909. J A J
Sixth Avenue—Stock___
Third A venue—Stock . . .
lstmort..5s, 1937..JAJ
Twenty-Third St.—Stock
Deb. 5s, 1903...................
Unfcm R y —Stock..........
1st 5s, 3942..................
Westchest’r, 1st, gu.,5e

175
114
§ 99
320
105
326
39
§116
70
45
120
130
SB's
114
180
130
108*2
104
190
167
124
300
103
110
§107
§103

116"
101*9
107
350
40
117
75
46
120*2
131
99
116
200
140
110
200
109

109

Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller & Son :
Shares.
Phenix Nat. B a n k ........... 92Lj
Eagle Fire Co....................242
Bank of the State of N . Y . l l l
W eaver Jacquard Elec.
Shuttle C o.................$ 1 0 0 lot.
5 Trenton Pottery Co.,com. 11
10 Trenton Pottery Co., prl‘. 51
26 Mechanics’*T ra d e rs’ B k . I l l
1 0 0 Chatham Nat. B a n k ...2 9 0-292
251 W ashington W ater Pow ’r
Co., Spokane................. 25
1 0 0 The Lappin Brake Shoe
CO.........................................
5
5 0 C in Sand. & Cleve. HR.,
p re f........................$61 persh.
4 Bond & Mort. Guar. Co. 190
10 Colonial Trust Co.............160*4
1 F .fth Avenue Bank......... 3 ,000
2 5 A . G. Spalding & Bros.,
1st p ref............................. 100

Shares.
5
5 Baltic Realty Co...............
2 ,0 0 0 Phenix Lead Co . $ 1 0 0 lot.
$ 5 0 0 Dry Dock E. B. & Batt.
RR. Co. 5 p. c. scrip............. 101

92
16
100
100

Bonds.
$ 2 0 ,0 0 0 Louisv. N. A. & Chic.
RR. (C .& I.D iv .)lB t6 s,1 9 1 1 .117*4
$ 1 5 ,0 0 0 Great Northern R v.
Coll. Tr. 4s, 1 9 0 2 ............... 1. 9 8 %
$ 1 ,0 0 0 Northwest Union RR.
1st 7s, S. F., 1917...................1 4 4 ^
$2^000 Cent. Crosstown RR.
1st 6s, 1922, M. A N ............. 129
$ 1 ,0 0 0 City of Louisville.K y.,
7s (issued to Eliz. & Padu.
R R .), 1903, J. & J.................119
$ 2 ,0 0 0 Nash. Cliatt. & St. L.
R R . (JasDer Br.) 1st 6s,
1923, J. & J..............................113!fc

gauMtXQ anti ^financial

3T & 2 9 P IN E S T R E E T ,
.
.
.
6n State Street, A lbany.
IN V E S T M E N T

105 b.

NEW

Mo f f a t & W

hite,

A l e x a n d e r M. W r it e , J r

BANKERS,
N ».l

NASSAU S T R E E T ,
IN V E S T M E N T

YO RK .

S E C U R IT IE S .

G eorge B arclay M offat.

• 1 2 K8b .

102 b.
week.

100
115
70

Bid. Ask

117ia People’s (Jersey City; —

Spencer Trask & Co.,
BANKERS

1 •1 v»b.
105i4b.
115 b

275

Gas Securities.—Brokers’ Quotations.

Miscellaneous Bonds:
‘ .N lB cellnneou* Bonds.
Ch. Jun. A 8. Yds.—CoLt»g.,5s
Colorado.*’ . A 1 .1st cons. 6s,g. 94 b.
C olorado Fool A I.—Gen. 5s.
75 b.
Columbus u a s - ls t , g., 5a___
Commercial Cable—1st g. 4s. • io T b.
Cons.Gas Co.,Chic.—1st gu.5x
De Bardeleben G. A I.—g. 6s.
DeL Gas con. 1st 5
*97* h.
Edison Kl« e. 111.Co.—1st 5 s._ 111 7«b.
Do of Bklyn., 1st ft*.. *111 b.
*. N. Y.,oon8.g.5»Equitable O. A F.—1 s t« » .... 10fV b.
Erie Teleg ■J} 1elep. Be, g...
99 b.
Gal vest o« wimrf (To.—let 5s
Header'*™
111 b.
Illinois sr«H»1 deb. 5s............. .

Bid.

$ 1 5 ,6 8 6 ,0 0 0
2 1 .3 9 8 .6 5 0
16 3 ,0 7 4 ,6 0 0
3 5 .6 1 8 .6 5 0
2 3 ,3 0 6 ,9 0 0
300 ,0 0 0

$ 2 2 5 ,3 5 9 ,3 0 0 $ZB 8 0 3 0 - 8 :i
M

BANKS.

Central___

M e r c h a n d is e Mo v e m e n t a t N e w Y o r k . Cu sto m s R e c e ip t s .
a t Ne w Y o r k .
1897.

January....
February...
March........
A pril..........
Maj...........
June...........
July............
August......
September..
October . .
November..

of

Bank Stock List—Latest prices. *Not Listed.

total Held.

In
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the eleven months
of the last two seasons.
F o r e ig n T r a d e

MONTH.

[V o l , LXV

THE CHRONICLE

1208

-

-

-

NEW

S E C U R IT IE S ,

TORE.

THE CHRONICLE,

D ecembeb 25, 1897.J

© alette.

M m xkzxs’

D IV ID E N D S .
frame of Company.
R a i l r o a d * { S t r a i n .}
Beech Creek guar. (uiiar.).............
Canada Southern..-------- . . . . . ------Cen tea 1 Pacific....... ..........................
Cliio. K. 1. & Paciflc (quar.i.........
Cm. Ham. Sc Dav pf. A.A B.(qua.)
Day to a & Mich. pref. guar, (qua.)
Fitchburg p re f................... ............
Hocsao Tunnel Sc W ilm ington...
Lake Shore A Mich. Southern___
Michigan O a t r a l ______ _______ __
N\ Y . Con. A Hud. River (quar.)..
Norfolk A Southern (quar.)..........
Northern, N. H. (q u a r.)___ _ ..
Petersburg com. & pref...............
Rich. F. life P. com. A div*. oblig ..
Richmond Sc Petersburg................
Rio Grande Western pref. ( juar.)
"
**
"
(extra,*
Rutland, p r e f .. .............................. .
S t Joseph A G. Island. l* t pref.
WorceaterNashua a Rochester..
M l r n t H a il w a y *«.
Baltim oreConsolidatedR)‘ . . . .
Inter-state Con St... No. A t tieborough, .l a * a. (qu ar.).. . . . . . . .
M etropolian St. B y., N. Y . (qua.)
National By., St. Louts (quar.).

Per
When
Cent, Payable.
1
1

to

1
I
2
2
$2
2
3
1%
2
1
1
1%
3%
3*9
3%
%
1
1
2%
2 >9

Newton (M »*» > ©t, Ry. (quar.)
Norf. Sub. ot. i Hyde r k ., M aas.).
Potted Tract, o f Pitta., Pa., p f..
Ha n k ».
A ator Place .................. . . ............ ..
Ban keif A m e r le *............... ...........
Bank of Hew York, S . IS. A .........
Bowery.................................................
**
(extra)........... ......................
Central National________________
Chaie N ational____________. . . . . .
Chatham National (quar.) . . —
Columbia. .................... ............ . . . . .
Continental N ational.................. .
Fourth Nntiouai.............................
Hamilton .......................................
Hanover National ................. .......
Importer*' A Trader** National..
I rvln g Natlonal ...............................
Leather Manufacturers* Nut. . ..
Market & Fulton National . . . . . .
Mechaob-V National
............. .
Merchant*’ Exchange National..
M eren itlk N ational.................
N&M4UU Nation®!, rBrooklyn)___
National Bunk of North America
National Bank of the Republic..
National Broadway....................
National Batcher*- <fe DrovetiT.,
National Cl'tzcn*
National Park . . .
Nloth National
Oriental . . . . , ........
P e o p le ? /...............
P tiw ix Nat sons 1.
Seaboard N Hti
(tax dividend)

o
l%
1*4
1**3
2
3%
2*3
3
7
ft
6f
4 >
4
5
4
l
j<
1
3%
3
5
10
4

ft
ft

4
3
3
6
3
4
(|
3
3*a
5

3
3 /

Second National,

Went Strife.,.......................................
T r ii» t
jut ii) e * .
Atlantic (quar.t— ................ .........
S ta t e ___
Title Guarantee & Trust (quar.)
W ashington. ....................................
I I rt* I n s u r a n c e .
US1ace 11n net* u ».
American Malting, pref. (quar.).
Cent. A 8 . A. Teleg. (quar). . . . . . .
Dan Talraage’s Soil#pref. (quar.)
Edison Klee, ill., N. Y. (quar*}...
Journeay A Burnham pf. (quar.)
Mexican Telegraph (quar.).........
Old Dominion Steamship....... .
Philadelphia Company................. 1
Procter <fe Gamble pref. (quar.)..
T©na» A- Pacific C o a l.................. .. i
United Gas Im provem 't (quar.).
United State* Mortgage 4t Trust.
W ells, Fargo & t o ...............— ..
Wegt’hT»e Elec. & Mfg, pf.lquar.)

3
6
2
3
2
4
3
1
2
■
j
2**
3
1
2
1
2
3
3

B ooks closed.
(D ays inclusive.)

Jan.
Feb.
Jan.
Feb.
J an.
Jan.
Jan.

3
1
1
1
4
4
15

Dee. 24
Jan. 1
— -----Jan. 1
Dec. 21
Dec. 2 l
Jan. 1

Dec.
Feb.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Jon.
Jan,

31
1
1
1
15
10
1
3
3
3
1
15
3
15
1

------------ to ---------*—
Jan. 1 to Jan. 16

----Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

Jau. 3
Jan. 16
—----- —
Jan. 9
Jan. 4
Jan. 4
Jan. 15

Jan. X to Jan. 16
Jan. 1 to Jan. 16
Jan. 1 to Jan. 10
------------to --------------Deo. 21 lo Jan. 3
Dec. 21 to Jan. 4
Dec. 21 to Jan. 3
----- to ——---------------- — t o -------- Deo. 21 to Jan. 3
Jan. 4 to Jan. 16
----------- t o ---------- -

— _ ----------1
15
10
1
1
15
3

to
to
to
to
to
to
to

to

—------ —-

Dee. 28 to Jan. 1
Dec. 2 9 to Jan. 16
Jan. 1 to Jau. 5
_____
7,__ _
Jan. 1 to —-------------------- t o ------------

Jan.
Jan.
Jan.

3 Dec. 29 to Jan.
3 Dec. 22 to Jau.
3 Dec. 22 to J fiu.

Jan.
Jan.
.Inn,
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jun.
Jan.
Jan.
Jan.
Jan.
1Jan.
Jan.
Jan.
Jan.
Jun.
Jan.
.1an.
Jan.
Jan.
Jan.
Jhu.
Jao.
Jan.

3 Dec. 22 to Jan. 2
3 Dee. 25 to Jan. 2
3 Dee. 29 to Jan. 3
3 Dee. 25 to Jan. 2
3 Dee. 22 to Jan. 2
3 Jan.
1 to Jan. 2
3 -- ------- ------------------ --3 Dee. 22 to Jun. 2
3 Deo. 15 to Jan. 3
3 Dec. 25 to Jim. 2
3 Dec. 2 2 to Jan. 2
3 Dec. 25 to Jan. 2
3 Dee, 2 ft to Jan. 2
3 Dec. 22 to Jun. 2
3 Dec. 22 to Jan. 2
3 Dec. 22 to Jan. 2
3 i*ec. 22 to Jun. 2
3 Dec. 2 3 to Jan. 12
3 Dec. 23 to Jan. 2
3 Dee. 23 to Jan. 2
3 -Dec. 23 to Jan. 2
3 Dec. 23 to Jan. 2
Dee.
Dec.
Dec.
Dec.
D ec .
Dec.
Dec.
Deo.
Dee.

22
25
23
25
25

to
to
to
to
to

Jan.
Jail.
Jun.
Jim.
Jan.

,1an.
Jan.

1
3
3
3
3
3
3
3
3

24
23
30
24

to
to
to
to

Jail.
Jan.
J hii.
Jim.

Jan.
Jan.
Ja n.
Jan.

3
3
3
3

Dec.
Deo.
Deo,
Dec.

28
24
25
25

to
to
to
to

Jan.
Jau.
Jan.
Jan.

Jan.

Jan.
Jan.
J an.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan,
J an.
Jan.
Jan.
Jan.
Jan.
Jan.

3
4
2

to
to
to
to
to
to
to
to
to
to
to
to
to
to

Jan.
Jan.
J an.
Feb.
Jail.
Jan.
Jan.
Jan.
Jan.
Jan.

The foreign exchange market has further declined this
week and prospective gold imports are talked of. These may
he postponed, however, if an easier money market should
follow the completion of the Union Pacific sale and the Jan.
1st disbursements, as now seems probable.
The open market rates for call loans on the Stock Ex­
change during the week on stock and bond collaterals have
ranged from 2 to 5% per cent. To-day’s rates on call were
2 to 3% per cent. “ Prime commercial paper is quoted at
31.| to 4% per cent.
To-morrow being Christmas Day and a legal holiday, the
Clearing-House bank statement was issued to-day. It shows
an increase in loans of §3,927,000 : decrease in circulation of
§22,600 : decrease in deposits of §758,800 ; increase in specie
of §136,700 ; decrease in legal tenders of §4,529,000, and a
decrease of $4,302,600 in surplus reserve. In the following
we give the figures for the previous week in our usual form
in order to preserve the record.
1897.
Dec. 18.

Differ en’sfPm
Frev. week.

$
!
$
.................
Canltal,.................. 5 8 .5 2 2 ,700i
Surplus.................. 73 .8 1 0 ,9 0 0 ;
.................
Loans & diac'nts. 606,67 9 ,3 0 0 Deo. 1,048,000
Circulation...........
1 5 ,7 51,100 Deo. 103.100
S et deposits......... 6 9 9 ,-9 1 .4 0 0 Deo. 5 ,2 78.500
Specie.................... 1 0 4 ,2 6 7 ,00<Mno. 3 37,100
Legal tenders. . . . 78,931,900. D ec.4,863,100
Reserve held........ 1 8 t.1 9 8 .9 0 0 Deo.4.431,0OO
Legal reserve___ 167,47 2 ,8 5 0 Deo. 1 ,3 19,625
Surplus reserve

1 5 .7 2 6 .0 5 0 D ec.3.161,375

1896.
Dec. 19.

1895.
Dec. 21.

$
6 0 ,7 72,700
7 3 ,8 85,400
48 7 ,0 1 6 ,0 0 0
19,797,100
5 2 3 ,5 89,900
77.3851.600
8 6 .9 20.600
1 64,172.200
130,897,475

6 1 ,1 2 2 ,7 0 0
7 2 ,8 7 7 ,9 0 0
48 9 ,6 4 6 ,6 0 0
13 ,9 7 3 ,1 0 0
5 1 7 ,2 9 0 ,8 0 0
67,8 5 6 ,5 0 0
7 8 ,5 5 5 ,0 0 0
1 4 6 ,4 1 1 ,5 0 0
1 2 9 ,3 2 2 ,7 0 0

33,274,725

1 7 .0 88,800

Foreign Exchange.—The foreign exchange market has
been dull and weak owing to a firmer money market and the
limiied investment demand for bills.
To-day’s actual rates of exchange were as follows: Bank­
ers’ sixty days’ sterling, 4 81}4@4 81 % ; demand, 4 84%@
4 8J% ; cables, 4 84%@4 84% : prime commercial, sixty days,
4 8 '■i @4 81; documentary commercial, sixty days, 4 80%<gi
4 8 %.
Posted rates of leading hankers follow:_________
December 24.

Sixty days.

Demand.

Prime baukcra* sterling bills on London \4
83
* 8 5 1q@ 4 80
Prime oom m erc*al........................................ 4 80%«>4 81
.............
Documentary commercial............................ 4 80% @ 4 80*3!
.............
Paris bankers’ ifrancm......... ....................... 5
22% . |5 2 1 % ® 20^ta
Amsterdam (guilders) bankers....................I 3 9 % © 3 9 i5 ,6 4 0 i ie® 4 0 is
Frankfurter Bremen (reiehroftrkB)b,kerBl 943s@947 6
1 95i><<®95a6

United States Bonds.—Sales of Government bonds at the
Board include $65,000 4s, coup., 1925, at 128% to 129%; §40,' 00
4s. reg.. 1907 at 112% to 113%, and §40,000 5s. coup., at 114%
to 114/X. The following are closing quotations:__________
|Periods.

Dec.
18.

Dec.
20.

Dec.
21.

Dec.
22.

Dec.
23.

D ec.
24.

" 99 h * 99
Q, -Moh.
* 99*9 * 9932 * 993? * t 9 %
2ft.......................... reg, Q.
113*4 *113
112% *112% *112% *1121*
4s. 1 9 0 7 ..............reg. Q .-J a u
‘
1 14% *114% *11434 *1 1 1 %
*114%
*114%
-J a n
4s, 1 9 0 7 ............coup,
-F e b . *129% ■129% '12918 ‘ 1 28 % *12858 ‘ 1281a
4s. 1 9 2 5 _______ reg.
1293*
-F e b .
1291s 129
128^8 ‘ 128% ' 128*9
4s, 192 5 ............ coup.
5s, 1 9 0 4 ______ ..reg.
q .-F e b' .l i t i s •114 19 ♦1143a *114% *11434 *114%
114%
114%!
114% kl l 4 H
M
141-2
*114%
5 b, 1 9 0 4 ............ coup, ( > .- Feb.
6s, cur'ey, ’ 9 8 .. .reg. J. & J. *10259 •1025s "10258 *1025a *1 0 2 % ■1025a
*103
*103
*103%
*103
*103
*103
63, cur’e y ,' 9 9 . . . reg, J. & J,
45, (Oher.11898.reg. March. *1034, *103M *103% *103% *103% *103%
‘
103
H
*103%
*103%
*10314
(Char.11899.reg, March. *10354 *10314
This Is the irioe bid at the morning board; uo sale was made.

t

3 _____ — to
15 Jan. 4
6 Dec. 25
3 Dec. 30
1 Jan. 16
3 !Deo, 25
13 Jan. 1
3 Deo. 21
10 Jan. 1
15 Jan. 1
20 Jan. 1
1 5 -------- —
3 Dec. 28
15 Jan. 1
3 Dec. 28

1209

9
7
2
8
2
13
3
10
15
20

J an. 3
Jan. 16
Jan. 3

W A L L S T R E E T . F R I D A V . D E C . 2 4 . X S 9 7 - 5 P . M.

The Money Market and Financial Situation.—Business
in Wall Street has been much moTe limited in volume this
week than durir g several weeks past. This falling off is due
chiefly to the usual distracting influences of Christmas week,
to the condition of the money market and to the prevailing
custom among capitalists and investors of suspending opera­
tions for a time at the close of the year for the purpose of
looking over present holdings and making plans for the
future.
So far sw there have been any developments they are gen­
erally of a favorable character. The understanding among
the coal-producing companies in regard to limiting the future
out-put is n matter of importance and has already caused a
sharp advance in some of the anthracite shares. The only
benefit of a glutted coal market is a temporary one to the
consumer and is a detriment to every other interest. The
same argoim-nt bolds good in the matter of tariff rates.
Hence the announcement, if it should prove true, that the
trunk line presidents have agreed to restore tariff rates after
Jan. 1 would produce general satisfaction.

State and Railroad Bonds.—-Sales of State bonds at the
Board include §5,000 Tennessee settlement 3s at 91%, §9,400
do. (small bonds)at 91, §10,000 Virginia fund, debt 2-3s of 1991
at 69 to 69% and $1,060 No. Carolina 6s, 1919, at 125,
Railway bond market dull. At the Exchange the volume
of business has been limited to a range of from $1,080,000 to
$1,540,000 and averaging only §1,336,500 par value per day,
against an average of $2,747,000 last week The market haa
been generally steady and featureless. Changes in quota­
tions are in most cases confined to fractions and without sig­
nificance. The list of issues which have been relatively
active includes Atchison, Chesapeake & Ohio, Chicago Ter­
minal, Erie, Galveston Houston & Henderson, Kansas, Pa­
cific, Kansas City Pittsburg & Gulf, Norfolk & Western,
Northern Pacific, Oregon Improvement, Oregon Short Line,
Reading, Rio Grande Western, Southern Railway, Texas &
Pacific, Union Pacific and Wabash bonds.
Railroad and Miscellaneous Stocks.—The stock market
has been dull this week, as is usual at this season. Transac­
tions at the Exchange have ranged from 270,800 to 166 700
and averaged 218,53(1 shares per day, against an average of
over 350,000 for the three preceding weeks. The market lias,
however, been strong and the active list has advanced an
average of about 2 points. Most conspicuous in this move­
ment were the"local transportation stocks, including Man­
hattan Elevated, Metropolitan and Third Avenue, which ad­
vanced 6%, 10% and 22 points respectively, as a result of doubt
in regard to proposed new competition and an agreement be­
tween the management of the surface companies. The coal
stocks have continued the upward movement mentioned last
week on the understanding that the output is to be restricted.
These two groups have absorbed a large share of attention,
but the granger and trunk-line shares were strong through­
out the week.
The miscellaneous list has been generally neglected, but in
most cases quotations are from 1 to nearly 5 points higher
than at the close last week.

THE CHRON LCLE.

1210

[Vol. LXV.

NEW YORK STOCK EXCHANGE — A C T I V E S T O C K S f o r week e n din g D E C . 2 4 , a n d since J A N . 1, 18 9 7 ,
H IG H E ST A N D LOW EST PRICES.
-sturdily,
Dec. IS.

Monday,
Deo. 20.

Tuesday,
Dec. 21.

Wednesday, Thursday,
Dec. 22.
Dec. 23.

12% 12%
12 % 13
30
30%
30
30%
13 % 14
33 % 13%
32% 32%
32
32%
81 % 81% * 8 0 * 8 1 *
5 3 * 54%
54% 56
94% 96
93 % 95%
1 0 % 1 0 % $11% i l %
*
* 21% 2 1 % 21 % 21 %
161
......... $162 162
161
....
99
90%
98 % 9 9 %
9 9 * 100
*52% 55
'5 2 % 55
*52% 55
*98 102
*98 102
100 100
15
15%
14% 15%
15% 16%
*9
9%
9%
9%
'8
9
"3 0
32
$30
30
31
31
9 4 * 95%
9 4 * 95
95 % 9 5 %
142% 142% 142% 142%
142 142
1 21 1 2 1 %
120 121% 121 % 121 % 120% 121
*163%
165
♦163% 165
9 0 % 90%
903a 91%
90
90%
9 0 % 90 '*
78
78% $78% 7 8 %
7 8 % 78%
7 7 % 78%
150 153 $151% 151% 150 155
*150 155
$34% 34%
3 4 % 35
35 % 35%
34% 35%
85
*80
85
$83% 83% •80
*80
85
113
113%
112%
112%
113
113%
113 113%
156 157
150 157% 156% 157% *155 157
*10% 1 1 * *11
12
•11 % 12 %
$45
45
453a 46
$45
45
*45% 46
"1
4
%
14*
*14%
15
15% 15%
15
15
3 8 % 39%
38% 3 8 *
38
38*
38% 38%
*20
2
0
%
2 0 % 2038
420
20%
*130 136
*130 136
130 136
*130 136
103% 101% 104% 1 0 4 * 103% 103% 103% 1 0 3 *
*8%
9%
*9%
9*
•9%
9%
*9
9%
*31
33
*31% 33
$33
33
*31
32
1 5 % 15%
15% 15%
1 5 % 17
■15% 17
7 1 * 7 1 * $71
*70
72
72
71
71%
$ 1 7 2 * 1 7 2 * •173 174
‘ 174 175
173 173
"3 5
40
*34
40
38
39%
$34% 34%
56% 5 7 %
5 « % 57
5 6 % 5634
5 6 7e 573s
103 104% 104 1053e 103% 1 0 4 * 1 0 3 % 106%
122 123
123 1 2 4 * 1 2 3 * 125% 12534 127
5103% 103% $ 1 0 3 * 103% $103% 103% * 101 % 102 %
* 2 5 * 26%
• 2 5 * 27
26
26
25* 25*
*88
89
"8 8
89
*88
89
*88
89
*57% 58% *57% 58
*57
58
*57% 59
13% 13% ’ 1 2 * 13% * 1 2 * 13%
13
13
3534 36%
35* 35*
36
36%
3 5 % 36
34
34*
33% 3 3 *
3 2 % 34%
3 3 % 33%
28
28
*27% 29
*27
30
*27% 29
1 0 7 % 107% 107% 1 0 7 * 107 107% 1 0 6 % 1 0 7
*13
14
*13
14
*13
1 3 * $ 12 % 12 %
$72* 72*
•73
80
*73
80
*73
80
*34
36
•34
36
35
*34
35% "33
*180 . . .
*181
188 $183 183
182 182
15% 16%
15% 15%
15* 15*
16
16 %
*19
19% *19
19% *19
1 9 % 19%
19%
3 4 % 34%
34
35%
3 4 % 35%
3 3 * 34 %
15% 15% * 1 4 * 1 5 * *14
15% *14% 15%
47% 4 7 *
48% 48%
49
48%
4 7 % 48
2 1 % 22
21 % 2 2 %
21
21 %
21
21%
60
60%
60% 61
5 8 % 58 %
x 5 8 % 59
‘ 35
33
*36
38
*36
38
*36
38
*68
71
$68
68
•68
70
$68
68
*18
20
*18
19%
20
18% 18% *18
35% 36
36% 39%
3 8 % 38%
38
38%
'6 6 % 67%
68% 69%
70
6 8 % 6 8 % *68
22% 22% 2 2 % 23%
2 2 * 23 %
2 2 % 23%
49
49%
49 % 51
50% 5 2 *
5 0 % 51
27% 27%
2 7 % 28%
2 7 % 29
2 7 % 27 %
*22
27
*22
25
*22
26
*22
27
'5 8
60
59
59
$60
60
5 9 % 60%
7%
7%
7%
8%
*7%
8
8
8
50% 51%
52
53%
5 3 % 54%
52% 54%
18
19%
18% 19
1 8 % 19%
19% 19%
*60
*60
____
*60
*60
...
7%
7%
7*
7*
7%
7%
*7%
7%
58
58%
58% 5 8 *
*57
58
5 8 * 59
26% 26%
2 6 % 27
26 % 26»4
26 % 26 %
*4
4%
*4
4%
"3 *
4%
4
4
10
10
$9*
9*
* 9 * 10%
*9% 10%
*20
22 * ............... 22
*19
22
*20
22
OO *......... 82
*
82 * ........ 82
* 1 2 3 " 125
124 124
i ’2 3 % 123% *122 125
20 % 2 0 % 20% 20% 20 % 20 %
20% 20%
9%
9%
93a
9%
$9%
9%
8*
9
3 2 'Vs 33*4
32% 32%
3 2 * 33%
3 2 % 32 %
11
11*4_ 11% 11% * 10 % 11 %
10* 10*
2 5 % 25%! 25 % 263a
25 % 25%
25% 25 %
7%
7%
7%
7%
7*
7*
$7%
7%
7%
7%
7%
7%
$7*
7*
7%
7%
1 7 * 18%
17% 18%
18
18
18
18
*2
2%
2%
2%
2
2
*2
2%
*10
12
*10
12
*10
12
no
12

13>4 13*4
30‘s 3 0 7s
13*4 13%
' 32*a 33
•81% 82%
456*s 50 *e
92% 9 i
510*4 10*4
21*4 22
*161
.........
9 8 7g 9 9 7s
•52% 55
*100 103%
15% 16
*9
10
30% 31
95% 9 5 7s
141% 141%

13
13*4
303s 3 L
13% 1 3 7e
32
32*2
8 1 * 8 1 7e
56
56
95 % 97
10% 11%

21

21

22% 23%
2234 23% *22%
'75
75*
76'
76
*75
*7%
8
$7%
7*
*7%
18
19
18
18% *17%
137 139% 138% 140% 137%
113 113
112* 112* "111
86% 86%
85% ‘- 6 *
85*
•111 114
'111 114
111
3 7a 5%
3 7a
4%
3%
180 183
181
183% 180%
*30
32% *30
32% $33
*85
89
*85
89
$89%
33
33%
33
3 3 * $32%
34
34%
3 4 * 3 4 * $34*
104 104
104 104
> 1 0 3*
2 9 * 29 %
2 9 * 29%
29 %
95% 97%
96 % 97%
96
*56% 5 7 * * 5 6 *
*4%
4%
4%
4%
*4
-25
25%
24 % 2 4 *
24%
*7
7%
7%
7%
7
62% 62% * 6 1 * 6 2 * * 6 1 *
16% 16%' *10
17
*16
67% 67
*67
69
67%
89% om , T*8% 89%
«8

2 3 % ’ *22
76% , $74%
8
"7 %
19
18%
139%' 138
113 ,*112%
86
86
'111
114
4
4%
181% 181
33
$32*
89%
89
32%
33%
3 4 * *34
1 0 1 * 104%
29 % 29
96%
96
57* *56*
4%
*4
24*
24*
7
7
62%
62%
17
*16
67% *67
R4
*«%

23
74%
8
18%
138%
113
86
114
4%
182%
32*
89
33*
35
104%
30
96%
58
4%
24*
7
62%
17
68
88%

Friday,
Dec. 24.

STOCKS.

Sales of
Range for year 1897.
the
[On basis o f ico-shure lots.]
Week.
Shares.
Lowest.
Highest.

A c t i v e R K . S t o c k Me
3,056
13% Atchison Topeka A Santa Fe.
9% Apr. 19 17 Sept. 18
30*
Do
pref
8,632 17 Apr. 19 3 5 % Sept. 8
8,114
14% Baltimore & Oliio............. .......
9 July 10 2 1 % Sept. 2 0
35% Brooklyn Rapid T ransit......... 15,426 18 % Jan. 7 37 Sept. 13
JO • 4 6 % Mar. 29 82
82% Canadian Pacific........................
Dec. 16
1,950 44% Jan. 13 62% Sept. 16
52% Canada S outhern.....................
37,6
1 8 68 % May 24 103% Jan. 19
98% Central of New Jersey............
16"
3 2 Central Pacific..........................
7 % Apr. 20 18 Sept. 28
4 ,0 0 0 15% Mar. 29 27% Aug. 30
22 % Chesapeake <fc Ohio..................
2 L % 21%
35 $147 July 22 $170 Mar. 1
1 6 3 % Chicago & A lto n ........................
'1 6 1
100% Chicago Burlington A Quincy 95,125 6 9 % Jan. 5 1 0 2 % Sept. 20
98 % 99%
*52% 55
55
Chicago A Eastern Illinois
37% June 7 61
Sept. 8
100 95 Nov. 8 103 Sept. 14
102
Do
pref.
*98 102
45,630
15% Chicago Great W estern _____
14% 15%
338 June 23 2 0 % Aug. 12
760
9
Chic. Indianapolis A Lonisv
8%
9
8 Oct. 29 13 Aug. 31
30%
Do
pref.
467 26 Nov. 8 38% Sept. 1
$29* 2 9 *
9 4 % 95%
96
Chicago Milwaukee & St. Paul 65,96u 69 % Apr. lH 102
Sept. 15
940 130% M ay 6 146 Sept. 4
142%
Do
pref.
142% 142%
6 ,370 1 0 1 * Apr. 19 1 3 2 % Sept. 15
122 Chicago & Northwestern. .
120* 121%
163 164
I)o
pref.
153 Jan. 12 1 6 5 % Sept. 22
90 % 91
9 0 34 9 L* Chicago* Rock Is la r dA P acific 29,0 7 2 60 % Apr. 19 97% Sept. 20
1 ,975 47 Jan. 2 89% Sepr.16
7 8 % 78 % Chicago St. Paul Minn. & Om
77% 77%
30 1 3 3 % Jan. 18 1 5 0 % Dec. 16
150 151
150 152
Do
pref
1,861 21 % June 1 4 1 % Sept. 15
3 4 * 34*
343a 34% Clev. Cinein. Chic. & St. Louis
10 63 June 16 8 6 % Sept. 8
*80
85
79
85
Do
iiref.
2,200 9 9 % \pr. 1 123 Sept. 18
$113% 113% 113% 113% Delaware & Hudson.................
1,712 146% May 20 164 Aug. 12
$156% 156% 157 157 DelawareLackawanna&West
35
$ 12%
12 %
Denver & Rio Grande
9 % Apr. 20 34 * Aug. 14
504 36 Apr. 20 5 0 % Aug. 16
•45
46
46
46
Do
pref.
84i
15
15
Erie................................ .................
*14% 15
11% Aur. 19 2 9
Sept. 16
4,231 27 Apr. 19 4 6 % Sept. 16
39
39
Do
1st pref
38 % 38%
167 15 % May 24 25 % Aug. 12
20
20%
Do
2d pref
*19% 20
*130 136
130 136
Great Northern, p re f.............
120 Jan. 16 141
Sept. 4
3,132 91 % Apr. 19 1 1 0 * Aug. 7
103% 103% 103% 104% Illinois Central........................ .
*8*
9 * Iow a Central...............................
*9
9%
6 Apr. 15 13% Sept. 4
*31% 3.1
35 23 June 8 41 * Sept. 4
*31% 33
Do
j»ref.
1 6 % 17% Lake Erie & W estern........ ..
500 13 May 11 2 2 % Sept. 18
*16
17
72 % 72%
558
72
72
Do
pref.
5 8 % Apr. 1 7 9 % Sept. 20
201 152 Jan. 2 181
-170 173
*170 173
Lake Shore & Mich. Southern
Sept. 16
870 38 Dec. 15 55
40
Long Island...................
*38
3 8 * *38
J an. 8
5 6 % 57% Louisville & Nashville ______ 15,000 40 % Apr. 19 6 3 % Sept. 3
56 % 56%
105% 108% 1083a 109% Manhattan Elevated, consol. 162,644 8 1 * May 6 113 Sept. 1 0
126% 129% 129% 132
Metropolitan Street............... . 33,8 9 4 9 9 * Oct, 15 132
Dec. 24
817 9 0 Jan. 28 1 1 1 % Sept. 16
101 s4 1 0 1 * 102% 103 h* Michigan Central.....................
*26
26% Minneapolis A St. L ouis.........
710 16 M ay 14 31 % Sept. 16
2 5 % 26
*88
89
*88
89
Do
1st pref
7 7 * Mar. 18 9 0 Sept. 16
*67% 58% *57% 58%
Do
2d pref.
46
h eb. 26 6234 Sept. 16
13% Missouri Kansas A T e x a s ___
700 10 Apr. 19 16% Sept. 16
" 1 2 * 13% *13
36 ^ 36 %
2 ,855 2 4 * Apr. 19 4 2
35 * 35*
Sept. 15
Do
pref.
34 % 3434 Missouri Pacific.......................... 29,184 10 M ay 6 40% Sept. 7
3 3 % 34%
*27% 29
Mobile A O h io ............................
250 18 June 3 32 Aug. 19
$28
28
4,283 9 2 % Feb. 18 1 1 5 % Sept. 16
1 0 6 % 1 0 7 % 107 107% New York Central & Hudson.
*13% 1 3 * New York Chicago A St. Louis
13
13
526 11 Feb. 11 17% Sept. 3
*65
75
*65
73
5 6 7 % Apr. 15 81 % Sept. 4
Do
1st pref.
$35% 35%
*33
35
Do
2d pref.. 20 24 Feb. 10 4 3 % Sept. 20
•182 186
$181% 182
199 160 Feb. 2 $186 Sept.20
NewYork New Haven A Hart.
1 6 % 163a New Y ork Ontario A Western. 19,585 1 2 * Apr. 19 2 0 % Sept, 16
16
16%
19 % 19% *19% 20 New Y ork Susq. & W est., new
760
Sept. 16
6% M ay 28 20
34% 3 4 *
3,821 18% M ay 20 4 5
$34% 34%
Do
pref
Sept. 17
*14% 1 5 * *14% 15% Norfolk & W e s te rn ..................
200
9 Apr. 19 17% Sept. 10
48
48%
*47
47*
3 ,4 4 6 2 2 % M ay 5 48 % Dec. 15
Do
pref.
21 % 21 % Nor. Pacific Ry.,voting tr.ctfs, 27,931 11 Apr. 19 2 2 % Dec. 15
21% 21*
5 9 % 59 %
5 8 % 58%
53,2 6 0 32 % Jan, 5 6 1 % Dec. 15
Do
pref
*36
'3 8
*36
38
O r.R R .& N av. Co. vot. tr. etfs.
Sept. 10
16 June 8 41
" " 7 2 3 7 % Jan. S 7 3 % Sept. 11
*68
70
*68
70
Do pref., vot. trust etfs.
*18
20 Oregon Short Line....................
*18% 20
100 1 7 * July 9 23 * Aug. 16
3834 39% Pittsburg Cinn. Chic. & St. L. 12,867 1 1 % Mar. 29 39 % Dec. 20
38
38*
63
68 %
6 7 % 67%
1,675 4 4 % June 25 70 % Oct. 20
Do
pref.
2 2 * 23%
2 2 % 24 Reading, voting trust certifs. 36,105 1 1 6 * Apr. 19 29% Sept. 18
5 2 * 53%
5 1 * 52%
1st pref., voting trust certs. 80,571 t 3 8 % Apr. 19 5 7 * Sept, 20
28 % 2938 2d pref., voting trust certs. 23,0 6 6 122% Apr. 19 3 5 % Sept. 20
28% 2 8 *
*22
27
*22
27
Rio Grande Western
1 4 * June 26 25 % Sexit. 10
5 9 % 59%
$60
60
1,639 $25 M ay 26 60% Dec. 22
Do
pref.
*7%
8
1,000
8
8
St. Jos. A Gd. Isl., vot. tr. ctfs.
9 % Sept. 2
3 % June 14
53
53
6,275 3 7 * June 10 54 % Dec. 22
$52% 52%
Do
1st pref.
19% 19%
19% 19%
5 ,7 2 0 10% July 28 20 % Sept. 2
Do
2d pref.
*60
St. Louis Alt. A T .H ., tr. rects.
*60
59 Aug. 16 62 May 20
*7%
7%
1 ,520
9 Aug. 12
4 Apr. 19
7%
7 * St. L. & San F r., vot. tr. etfs
5 6 * 57
57
57
2
,0
7
4
37 Jan. 29 59% Dec. 13
Do
1st pref.
2 6 % 26 %
2 6 % 26%
Do
2d pref.
3 ,940 12 Apr. 15 2 7 % Dec. 15
4%
4%
4%
4% St. Louis Southwestern
325
7
Aug. 6
1 Apr. 1
*9% 10%
10% —
1 0 %V|
3 % Apr, 1 1 4 % Sept. 3
Do pref. 318
*20
22
2 2 !St. Paul A Duluth
Sept. 10
20 Jan. 4 30
*20
*.......... g 2
$ 7 2 % July 16 8 7 % Oct. 4
......................I
Do
pref.
*122% 125
1 2 3 % 1 2 3 % St. Paul Miuu. A M an itob a...
Aug. 6
408 114 Jan. 28 125
20% 20%
2 0 % 20 % Southern Pacific Co
1,440 1 3 % Jan. 13 2 3 % Sept. 8
9
9
9
9 % Southern, voting trust, certif.
7
Apr. 19 1 2 % Sept. 10
2,544
3 2 % 32 %
7,748 2 2 % Apr. 19 3 8 % Sept. 10
323a 33 j Do pref., voting trust cert.
1 0 % 10%
11
11% Texas A Pacific..........................
8 Apr. 1 15 Aug. 30
1,200
2 5 % 26%
2 6 % 2638 Uu. Pac., tr. rec., all inst. pd. 14,879 14% Apr. 19 2 7 * Oct. 20
6*
7%
1 Apr. 24 11% Sept. 23
6%
6 * Union Pacific Denver A Gulf.
2 ,0 3 0
7%
7%
9 * Sept. 7
4 % Mar. 29
*7
7 % W abash.
1 ,015
*17% 18
3 ,249 1 1 % Apr. 19 2 4 % Sept. 20
18
18%
Do pref.
2%
2%
t% J u n e 1 16% Jan. 2
2
2% Wheel A L. Erie, $1 ass’t p d .
885
$10
10
2 % Apr. 15 29 Jan. 5
*10
12 |
Do
pref. do.
10
M is c e lla n e o u s s t o c k s .
*22% 23
23
9 % May 28 2 6 % Sept. 2
2 3 % American Cotton Oil Co
1 ,750
75* 75*
76
76
519 52 % Feb. 16 8 0 % Sept. 1
Do
pref.
7%
7*
6%
6% Nov. 23 1 5 % Aug. 6
1 ,8 0 0
7% American Spirits M fg. C o ___
*17% 19
15
18
3,520 15 D ec. 2 4 3 6 A ug. 5
Do
pref.
1 3 8 * 139%' 140% 141% Am erican Sugar Refining Co. 167,652 1 0 9 % Mar. 29 1 5 9 % Sept. 3
*112% 113
112% 113
406 1 0 0 % Jan. 7 1 2 1 % Sept. 4
Do
pref.
86
8 6 % 8 6 * 88 American Tobacco Co.............
8,702 6 7 % Feb. 15 9 6 % Aug. 9
111% 114 1*111 114
100 Feb. 11 115 Aug. 6
Do
pref.
4
4% '
4%
4% Bay State G as.............................. 35.5 4 4
3 % Oct. 28 16 % Aug. 7
182% 183 I 182% 1 8 3 * Consolidated Gas Com pany..
6,985 1 3 6 % Jan. 2 2 4 1 % Sept. 16
"3 0
32% *30
32% Consolidated Ice C o .................
23 28 N ov. 8 4 1 % July 19
8 8 % 88 % $89
89
331 8 0 June 16 9 0 % July 29
Do
pref.
33
33 %
3 3 * 33% General Electric Co...................
3,855 2 8 % May 17 4 1 % Sept. 15
34
34 I 35
36 % National Lead Co......................
Sept. 10
5 ,840 2 1 % Feb. 16 4 4
$105 105
105 105
598 88 % Feb. 13 10934 Sept. 10
Do
pref.
30
30 %
30
30
2 ,8 »5 2 4 J an. 9 39% Sept, 2
Pacific M ail..................................
98 % 97 %
97 % 97% People’s Gas L. & C. of Chic. 30,83 1173% Jan. 5 1 0 8 * Sept. 18
..................... ! *57% 58% Silver Bullion Certificates___
5 1 * Aug. 27 6 5 % Jan. 27
*4
4%
4%
4% Standard Rope A T w in e ..........
3% June 29 1 1 * Jan. 19
454
24* 24*
25
2 5 io Touuessee Coal Iron A R R ...
6,143 17 M ay 20 3 5 % Sept. 9
*6*
7%
*7
7% United States Leather C o ___
6% May 22 10 % Aug. 23
1 ,1 3 0
*62
63%
63
64
Sept. \
1,601 50 Apr. 22 72
Do
pref.
1 5 * 15%
16 % 16% United States Rubber Co........
800 10 J une 3 2 5 % Jan. 19
66
67 < 6 7
67
7
6
%
Jan.
5
50
July
20
1,611
Do
pref.
88'% «R%
89
90% Western Union Telegraph . . . 1 0 ,8 1 4 7 5 % Mav 7 9 6 * Sept. 11
$ 12 %
30
14
32*
*8 1 %
52
94%
11%

12 %
30%
15
34
81%
53
97%
12%

13
3038
13%
34 %
*81
52 %
97%
11*
21 %
$163%
99 %
53%
98
15
8%
$30%
95%
$142%
121%

* The >p are bid and as
* Range date* from April 8. I Before p aym eutof any instal. H A ll inst, pd.
, !1 Pri H-Vfroiu 1 Ml" 1\ T V 110 ' ' r 1V,!rlMI, i i ? halr\ 100
108 from Jan. L to Nov. 10 are lor Oliloago Gas Co. otla. of Jet). L 3 r * o e i n a c t i v e StO CK S, s e e t o l l o wrl.u!' u a g e .

THE CHRONICLE.

DecE.user 25, 1697,]

1211

NEW FO RK ST O C K E X C H A N G E P R IC E S (C o n t in u e d ) —IN A C T IV E STOCKS.
Dec. 24.

iKAOTiVB Sto c k s
ndloate* unlisted,

Bid.

S a llr e t d S to ck s.

A lbany * S usquehanna-------- ~100
\nr. Arbor.......................... .
Preferred . ..............................

100
.l o t
S ari -dar Rapids & N o r ... .lfKl
Chloasro Great West. p r e f.A . .1 0 0
..................... -lot)
P r e fe r re d B
.. V
Clave
■ ■bttsbure . .
Col. Hock Valley A T o l _____ .100
preferred . . . .. . . . -------.1 0 0
.lo t
■. -Shore & Attai
pr-rf -red e ..... ....
.to t
Evansville A Terre H aute.......... 51
fr e le m a
..lo t
Film * Pure Marquette..
.l o t
Pre'erred
___ . . . . .

Duluth

Deb. o-rtfs

180
12
32
22%
58 H
67
’ 35
25
163
5
14
n%
70
3
5%
23
13

TOO **
loot' . . . .
:i s r ,
..1 0 0
Zh
14

8.

. . 10c
.. 50
..1 0 0

Morris % t5**PX-.
K*»fc. Cbatt. * 8
N .Y . & Harlem.

..1 0 0 l
. . 50
,.10<
-.1 0 0
P it;-. F t. W. & Chic, guar..........1 0 0 ;
Sdnsse'.aer % S a r a to g a ....... HMj
Route Watertown <feOgdens, .1 0 0
West Chicago Street................. ..1 0 0
Pennsylvania.

WUrrmucn cant. vot. tr. etfs..
• S o price Friday

1
168
.........
; 112%
A
4
168%
176
122
: lo i^ g

Ask.

Range (tale.

170 Feb.
9 Jan.
2218 Apr.
16% May
55
Feb.
68 Apr.
35 ‘8 31% A uk.
19
AlU.
23
161 Apr.
1% Apr.
5%
14 Aug.
17
12 4
7
Apr.
60 Ju y
4
3 Apr.
7
6% May
24
2 0 June
48
30 June
7 Jane
30 Mar.
12
Nov.
16
2 7 % Apr.
. _t
4
Apr.
2 0 7e 17ts Dec.
2 Feb.
1
12
Mar.
ie
6
Aug.
1
Nov.
1%
171 162*8 June
70 Jan.
295 Feb.
119
Jan.
—
113% 103% Jan.
1
% June
7
3% Feb.
150 May
175 Oct.
123
110
Mar.
......... 100% Nov.

......

latest price this week.

Dec. 24.

tKAorrvB St o c k s .
f Indicates unlisted.

Lowest.

13
34
26
60

(% Indicates actual salesJ

M is c e lla n e o u s S to c k s .
Adam s E xpress........... .............. ..ICO
American Bank Note Co f t .............
Amerioan Coal.....................25
American E xpress.............. . . . . . 1 0 0
Axner. Telegraph & Cable..........100
Brooklyn Union G as..................... 100
Chic. Juno. B y . A Stook Y ard s. 100
Colorado Fuel & Ir o n ................. 100
Preferred......................................100
Col. <£ Hook. Coalte.rots.allpd.100
Commercial Cable................... .. .1 0 0
Consol. Coal of M aryland_____ 100
Detroit Gaa..................................... 50
Edison Eleo. 111. of H . Y .............100
Edison Elec. 111. of B rook lyn..1 0 0
Erie Telegraph A Telephone —100
Hawaiian Com. & Sugar..................
!Illinois Steel................
100
100
Laclede G as........ .............
Preferred.....................
100
Maryland C o al,p re f...................1 0 0
Michigan-Peninsular Car C o .. .100
Preferred...... ................................ 100
Minnesota Iron ...... ............
100
National Ltnreed Oil Co............. 100
National Staroh M fg. C o............ 100
New Central Coal...........................100
N. Y. A E a s t Elver Gas l i - - — 100
Preferred!!........ ..........................1 0 0
North American C o..................... 100
Ontario Silver M in in g .............. 100
Pennsylvania Coal...... ................. 50
Pullman P;vaoe Car Co........ .. .1 0 0
Qatoksllver M ining...... ................ 100
; Preferred.......................................100
Tennessee Coal & Iruu, p r e f...1 0 0
(Texas Faelflo Land Treat......... 100
U . S. Express.................................. 100

Range (sales) in 1 8 97.

Ask.

Bid.

Lowest.

Highest.

158
160
1471a Feb.
4 2 % July
120 140
13 Apr.
115
118
109% Jan.
190%
8 5 % Jan.
1117% 118% 85 Jan.
1 0 2 % May
123% 25
15% June
70
78
70 Nov.
16
3 % J une
6%
170
1 6 2 % May
41
So Feb.
2 0 Jan.
1 2 4 U' l b s " 101% Jan.
105
110
97
Feb.
6 3 % Apr.
J26^ 26% 25 Dec.
147% 49
2 9 % Apr.
;44hi 44% 22 May
90
92
70% Mar.
45
52
10 July
10 July
4 2 May
58
¥ 9"
38
Apr.
105. 17% 10 May
5%
6
3 May
7
6 7s
1% May
60% June
98
May
..........
3 % Apr.
"1 4 %
3
%
Aug.
3
%
3%
340
370
330 Dec.
171
173
152 Jan.
1
3
1 % Jane
3
8 Apr.
8
65 Apr.
6 Apr.
3 § ‘ *42*" 37 Feb.
112
97
Jan.
118

165
43 %
12o
119%
94
137
10560
2 7 vs
85
7%
162%
37 %
60
182%
115%
76
30
50
49%
96
52
14
61
00
23%
13
8%
97%
120%
6%
10-b
340
185
4%
13
80
9
48
120

Oct.
July
Jan.
Nov
June
Sept.
Apr.
Sept.
May
Aug.
May
Jan.
Nov.
Sept.
Aug.
Sept.
Dee.
Aug.
Aug
Aug
Dec.
Sept.
Sept.
Aug.
Aug.
Aug.
Aug.
Sept.
Sept.
Aug,
Jan.
Mar.
Sept.
Aug.
Aug.
July
A ug.
July,
Dec.

! Aotual sales.

N E W YO R K STO C K E X C H A N G E P R I C E $ . - S 2 U T £ BONDS D ECEM BER

24.

f|
Bid. * Ask,

SECU R ITIES.
Aiaibama—Claa» A , 4 to 5 * ...1 9 0 6
fjtea* h , 54................................1906
riass c . 4 s .................... ........... loot)
Currency funding 4 s ............. 1920
A rs i&risAS—6 s, fun d , Hoi. 16 9 9 -1 90 0

New rw>n«o!s 4s . . .

.. 1914

SECURITIES.

Bid.

1 0 8 % .......... Missouri—F und.. . . . . . . . 1894-1895
108%.'_____
100
_____
New bonds, J A J ......... 1892 -18 9 8
100
____ :

id iW; 102*4

08.............................................. ..1 9 1 9
South Carolina—4 ^ 8 , 2 0-40*. 1933
6s. non-fund___. . . ............... 1888

New Y o r k C ity C le a r in g H ou se B a n k s .—Statem en t o f con*
ditiem f o r the w eak en d in g D ecem b er 18. based o a avera ges o f
d a ily results. His omit two ciphers (0 0 ) in all cases.
BAX RS.
„
. !
S p e c ie * L e g a l s .
O a p ila i H n r p V i L e a n t .
( 0 0 e o m it te d * )
B a n k o l N e w 1 o r k * . rJ.O O O .O $ 1 ,8 5 2 ,8 $ 1 4 ,2 0 0 ,0 $ 2 ,3 7 0 ,0 $ 1 ,5 7 0 ,0
a . i s s . o 16.907.0
2 ,0 5 0 ,0 2 ,0 » 8 ,7 1 4 ,7 5 9 ,0 ) 3 ,2 3 2 .0
2.0 0 0 ,0 1 ,0 1 4 ,l | 12,1 0 0 .2 2 ,5 6 0 ,6 1 ,3 9 6 ,2 14,8*1.8
7 2 5 .0
8.477.0
2,0<X»,0 2 ,0 4 2 .6 9 . 7 '7 , 0 1 ,3 8 0 ,0
1 ,0 4 8 ,3 20.637.0
1 , 600.0 2,61*3,0 1 8 ,0 0 .4 ,6 2 ,9 3 1 .1
7 0 2 ,0
3.756.0
1,0 0 0 ,0 2 4 3 ,9 1 3 .1 C 4 0 3 7 9 .0
x .o o o .o ; 3 ,7 2 4 ,1 1 0 0 ,6 0 9 .1 1 4 ,4 4 6 .6 1 0 ,4 4 0 .5 8 0 .818,8
•i 1 2 .0
3 1 4 ,4
2,74 0.0
1 0 8 ,6
7 5 0 .0
2 ,7 6 0 ,0
3 ,9 4 0 .0 26.844.0
3 0 0 ,0 7 ,3 6 8 .3 2 4 .0 1 6 ,0 5 ,6 7 2 .0
6.071.2
4 0 7 .0
9 9 9 .0
6 0 0 .0
1 7 8 ,9 1 6 ,0 9 3 .1
5.906.2
8 3 0 .7
8 9 4 ,7
o a i u u u ......................-**- 1,0 0 0 .0 , 1 ,0 7 8 ,3 ! 7 .1 ( 2 . 8
•J7W.0 1.367.6
* 17 6,8
1 6 8 ,9 , 1 ,0 9 2 ,2
B n t.
s-.v p r o v ’rs*
3 0 0 ,0
2.4 80.0
3 4 5 .0
2 7 6 ,0
4 0 0 ,Oi 220,2 2 .1 7 0 .0
1 7 6 ,9
950.1
200,0 1 7 1 ,9 1.0 ( 8 ,ij 1 0 3 ,6
6 4 9 .9
2.913.9
3 0 6 .7
6 0 0 .0
4 8 3 .9 ' 3 ,1 6 0 ,3
2 0 2 .5
2.08».8
3 1 7 .7
1 .7 0 5 .1
3 0 0 ,0
9 2 .6
3 0 4 .7 2.395.7
1,2 0 0 .0 5 1 8 ,9 3 ,3 0 9 ,5 1 7 1 ,7
6,0 0 0 , Oi 7 .5 4 5 .6 2 4 .2 7 7 ,0 2 ,0 3 7 ,0 32 ,6,6 20 12 ,4,0 18.774.0
19,< 88,5
5 ,0 0 0 .0 3 ,5 0 2 ,5 7 0 .1 4 5 .1 2,1 1 0 ,2
5.466.9
0 1 9 ,9
1.0 0 0 ,0 1 ,5 7 0 ,1 , 0 ,0 2 3 .7 8 1 3 .1
1,0 0 0 ,0 9 9 2 .1 ‘ 9 ,0 0 1 ,1 1.Q 88.U 1 .M 7 .B 9.491.4
50<»,8 2.807.0
•117.8
6 0 0 ,0
7 ,3 8 0 ,6
4 2 2 ,7
P a c &>• . . . . .
2 ,9 5 8 ,3 18.179.8
8 1 0 ,9 ‘ 1 0 ,0 1 8 .0 2 ,8 4 7 ,2
1 ,5 0 0 .0
5.673.5
69v5,0
8 9 2 .3
6 ,7 2 1 .5
9 7 6 ,0
4 5 0 ,0
200,0 2 5 1 ,9 1 .0 1 8 ,4 201.1 1 .50 75 49 .4,8 1 2.621.7
2 .5 9 9 .0
5 0 9 .8
9 ,7 7 0 ,3 1 ,6 4 7 .0
70O .O
1,0 0 0 ,0 2 .1 5 3 ,3 2 5 ,1 6 8 .7 5 .1 1 8 .1 3 ,1 2 1 .5 31.298.0
245 8
7 1 4 ,0
2 ,8 5 0 ,0
3 4 5 .9
5 0 0 .0
3.073.6
2 4 2 .9
000,0 3 8 9 ,7 2 ,7 3 4 ,0 3 7 8 ,2
2.987.8
5 4 4 ,7
1 7 4 ,2
2 .3 5 0 ,6
2 7 4 ,3
5 0 0 .0
6.811.6
8 5 0 ,9
7 8 0 ,0
6, b 2 U
9 0 0 .0 1 ,0 2 4 ,6
3 5 0 ,0
3.970.4
1,0 0 0 ,0 1 4 7 .2 3 ,0 4 5 8 0 5 1 ,0
9.852.4
9 8 0 ,0
1,0 0 0 ,0 1 ,2 8 2 ,4 8 ,9 8 9 ,5 1 ,3 4 4 ,1
6.394.7
703,f>
1,0<K ).0 7 1 8 ,7 6 ,5 0 0 ,0
1,810.6
100,8
3 8 4 ,2
3 9 8 ,7
1 ,8 1 1 .1
3 0 0 .0
1 .7 0 1 .0 25.903.0
1 ,5 0 0 ,0 5 ,5 5 7 .5 2 5 ,7 2 7 .0 1 .1 4 8 ,1
2 .7 3 7 ,0 4 0 .8 2 7 .0
P a t k ...................................... 2,rx K ),o 8 ,1 8 0 .5 3 3 ,^ 8 5 .9 8 .9 0 8 ,8
2 7 5 .8
1.289.4
1 .1 9 5 ,1
1 0 0 .3
H 8 ,5
2 6 0 ,0
3 .7 0 2 ,8 26.454.0
3 .2 0 0 .0 2 ,0 4 3 .3 2 4 .2 5 8 ,€ 3 .4 9 1 ,8
1,0 0 0 .0 4 8 8 .8 9 ,3 5 2 ,0 1 ,89 96 90 ,0,0 1 ,8« 88 o2 .O,0 12.349.0
6 .1 5 3 .0
6 ,2 7 0 ,0
0 7 8 ,0
3 0 0 ,0
3.700.0
0 9 9 ."
3 ,0 9 1 ,0
5 2 0 .0
2 9 9 ,9
7 5 0 ,0
N in th . . .. . . ... ....
2 ,9 1 8 .3 26,6-19.9
6 0 0 ,0 7 ,0 0 9 ,8 2 7 ,1 0 0 ,8 3 .0 2 7 ,9
1 9 0 ,9
1.324.7
1 0 3 ,1 ;
00,8 1 ,4 0 2 ,4
3 0 0 ,0
5 1 2 ,0
3 .3 5 6 .0
4 5 5 ,0
8 0 0 ,4
2 .9 5 0 .0
2 5 0 ,0
3 .9 2 1 .4
N e w V ..fte C o u n t y . .
200,0 4 2 8 ,1 2 .7 7 2 ,8 82 97 09 .4,8
2.759.0
449,t
2 .8 3 5 J
2 7 7 .8
G e r m a n A m e r l c a n . . ! 7 5 0 .0
1 .4 8 3 ,3 28.756.0
1 5 0 0 .n l 1 .4 7 7 .7 2 3 ,6 2 5 .7 5 .7 8 1 .2
8.548.6
7 3 7 ,0
F i f t h A t e n n e ----------100,0 1,1 2 0 ,6 7 ,4 4 0 ,1 1 .42 00 33 ,4,4
3.342.4
7 1 3 ,5
tte r m a o E x e h * n g e ..
200.0 5 0 5 .7 2 .2 1 4 ,4
4.893.0
7 5 8 .3
3 ,5 7 0 ,<
5 0 5 .7
2 0 0 .0
7 1 0 ,4
4 7 1 ,4
0,907,5
0 ,4 2 2 ,7 1 ,1 0 4 .t
6 2 5 .1
M a c o l u ............................
3 0 0 .0
5.734.0
6 2 4 .7
9 2 7 ,6
4 ,8 3 1 .0
2 0 0 .0 1
8 0 3 .3
i .............................
3 0 8 .3
2.195.5
F i f t h , ...................................
200.0 3 1 2 .5 41 ,4,8 21 21 ,2.8 39 29 14 .3,5
5.801.8
8 5 8 ,7
B a n k o f t h e M e i r o p . 1 ,1 0 0 ,0 ! 8 3 2 .7
4 2 7 ,0
2.512.0
2543
2 .3 1 2 ,0
W e * r S i d e ......................
2 0 0 .0
3 2 7 .2
1 ,2 0 7 .0 10.780.0
5 0 0 .0
0 .8 2 6 . (. 1 .5 0 3 .C
3 0 0 .)
B * » h o .* r d ...............
1 6 5 ,0
1.435.0
1 2 0 0 ,0 1
3 3 0 ,0
1 ,7 5 0 3
211A
S t x t h . . ...................
3 8 " » 0 27.378.0
W i n t e r n . . . . . . . . . . 2 .1 0 0 .0
6 3 0 .4 2 3 ,4 3 0 i 2 ,8 3 4 ,5
5.604.0
1 ,3 7 3 ,3
0 1 1 ,5
P l r » t N a ? , B ’k l y n .. 1 3 0 0 , (J
4 .9 4 9 3
9 3 0 ,8
1 .0 1 9 ,8 11.6:5,0
N a E U n i o n B a n k . . , 1 ,2 0 0 ,0
7 5 6 ,7 1 0 ,8 7 1 .1 2 .2 7 5 5
3 7 7 ,0 . 2.790.0
500 r
3 4 0 ,2
L l r . e r r y ...............................
2 8 2 .3
2 .7 6 2 3
3 .3 9 1 .9
1 8 7 ,6
5 0 3 ,4
3 5 j .a
N T . P r o d . K v e h ’g e i 1 ,0 0 0 ,0 1
3 .9 0 8 ,1
2.871.7
2 8 7 ,2
B k.-oF N , A :m 8 t.e rd a m
2 6 0 ,0 | 2 6 2 ,2
2 ,5 0 9 ,7 1 4 9 7 ,9
5 3 5 2 2 .7 7 3 8 1 0 <*^ 8 0 6 .8 7 9 .? i 0 4 2 6 7 0 7 8 9 3 1 ,9 069.8th, 4

id s
125
103

Bid.

SECU R ITIES.

Ask.

.........

Il

.........

a

ek,

C—vo., |
old.
u — ...1 8 9 2 -1 8 9 8

6a,

w bonds..........1892-8-1' 00

I)o
New series— 1914
Compromise, 3-4-5-68........ -.1 9 1 2
New s e ttle m e n t3 s ............... 1913
Redemption 4 s — ..................1907
Do
4*28.........................1913
Penitentiary 4 % a ..-.............. .1 913

Virginia funded debt, 2-3s.--.1991
6m, deferred t?st reo*ts, stamped.

91%}

92

69*4
3^2

69%

6

Reports o f Non-Member Banks*—The Clearing-House now
also publishes returns for non-member banks. Statement of
averages for week ending Dec. 18, 1897, is as follows:
BAN KS.
(00a o m itte d .)

Deposit, with
Legal
TrrvVr Clmr- Other
mt
A irk ing Bks. <fc De­
Specie, Notes. House Trust posits..

Capi­
tal

A gen t

N e w V o u k Ci t y .

Afsfcor P la ce ..* ____
Clinton*.................
Col- niftl............
C olom b ia ...............
Eleventh W a rd ....
Fourteenth Street.
Franklin National.
G a n sevoort............
Hamilton*........
H ide <fc Leath. Nat.
H me.
..........
H udson R iv e r.......
M ount M orris.......
M utual..................
Nineteenth W ard.
P la za ....... ...........
Hi- erelde---------Standard National.
State.................... ...
Twelfth. W a r d .....
Twenty-third W ’ ct.
Untr.n squ are........
Y o ik v ille . . . . . ...
B ro o kl yn .
Bedford........... .
B roadw ay...............
Brooklyn...............
Eighth W a rd ..*..
Fifth A ven u e.......
F u lto n .......... . . . . .
Kingn County.---Maniifact’ ra’ N at’l
M echanics___ , ...
w ech’ a* <& Tradi>a
Nassau N ational..
National C ity........
North Side............
People’ s...................
Quem .9 Co. (L.I.C.)
Scherroe? horn .. .
Seventeenth W a r
Sprauge National..
Twenty-Bixth W ’ d
U n io n ..........
W allabout.............

Ot h e r Cit ie s .

1st Nat., Jer, City.
Hurt. Co.N hi. J .C .
2d Nat., Jer. C ity..
3d N a t , Jer. City*.
lwt Nat,, Hoboken.
2d N at., Hoaoker*.
Bank of Bteten I»1
1st Nat.,Staton le i.
Totala Dec. 18...
Totals Dec. 11...
Totals Deo. 4

3 5 4 .7 1
3 2 .3
4 0 .1
2 1 4 .4

110,6
4 5 .1
3 2 .7
2 3 .8

80,a

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

92.9

2 1 .9
1 0 5 .0

90.8
3 0 .2

55.8
1 4 4 .7
4 0 .6
2 7 1 ,3
1 1 2 .7

$
248.2
04,5

53,2 473,3
35.1
71,9
75,9 146.2
118,8 104,2 134.3
81.4 1 1 3 .5 296.5
74.7 110,0
15.8
50.0
10,0
82,0
30.5
34.1
0.8
55.2 109.0
56.4
17.3 139.1
202,1
50.8
60.4
77.7
59.0 171.0
36.0
76.2
33.0
76.8
24.0 100.7 152,7
3 1.8 134.1 114.6
10.8 110.6 150.7
29.8 76.1
0,8
65.8
50.8
15,9
63.0 32.0 104.0
23.5 104.5 142.6
49.0
78.4
23.8
52.5 219.8 203.0
79.5
72.5 185.5

105,0 2.848.3
718.5
721.7
1.097.6
1.322.7
855,2
440.0
5 (8,5
1.195.8
1.379.3
20
536.7
1.009.0
100,0 1.035.5
6
869.7
49,7
918.0
1.203.5
051.1
290.8
154,0 1.660.0
1.377.9
812.5
* 8 1 ,3
2.341.7
1.190.3

53.7
165.2
123.6
15.7
19.7
45.5
32.9
276.9
118,8
47.5
181,0
421.0
57.7
25.5
86.0
17 0

85,0 1.108.8
1,64 8,5
27*6 1.459.6
249.2
5,2
474.5
3 6 ,7
823.9
696.2
3.303.7
2,899,5
64.2 1 106,1
87.0 4.078.0
149.0 2.905.0
436.1 1.127.1
20.2
810.5
148.2 2.570.4
539.9
426.5
4.6
125,0 1.015.0
4.7
465.6
25.0
281.6
2.5
494,0

0,0

25.9
33.1
107,1
10.4
21.5
57.8
39.5
231.4
113.3
6 1.4

235.0
143.0
14.7
3 6 .9

68,0

32.7
8,3
97.4
0,3
8,8

11.3
7 2 6 .4
5 0 0 .4
3 8 7 .9
1 0 4 .7
3 9 7 .8
8 0 ,7
4 0 ,0
0 1 ,3

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

Co’s.

126.3
146.1
249.1
44.2
66.0
96,1
129.3
728.7
254.8
229.9
422.0
330.0
213.0
75,4
500.8
99.8
4 3 .0 130.2
13.0 200.0
21.0
87.6
17.7
50.8
3 9 .2 79.9

117.5 227.0 917.5 337.8 4.074.1
00,2
60.3 160.8 104,6 1.912.1
4 9.5 380.4
1.348.9
63.9
38.7 148.0
850.9
4.5
26.3
40.0 162.7 203.8 1.485.4
100.1
28.8
39,0
43.0
59.6
747,7
12.9 109.0
1 4.7
3,1
596.3
29.1 132.7
20.8
659,6

60,474,0 5'*3°6>4 4,011,1 Q,476,0 S,4J2,r- 66,203,<?
y 83860 te>,2J9,9 1>27#*7 4.U5X 8,430,2 2 ,442,',$ 6 4 , 7 8 0 , 2
7 8,386, ? bo,S34,0 r,/go,g 4,or3,4 7f04J,r 2.346,1 64,276,/
y 8,386,3

;w~ F o r i*ric54?* o f bank utoelsw (Idrmei'ly given on rlilw pane) and
til 111010 ricH of lhe w e e k ly retu rn s of the banks in N e w V o r k City
F hiliuleinhln nutl Boston, see iho third page preeedinn.

THE CHRONICLE.

1212
BOSTON,

P H IL A D E L P H IA

AND

B A L T IM O R E

[V o l . L X V c

8T O O K

8X 0H A N G E 8.

S h a r e P r ic e * — n o t P e r O e u ta n a P r ic e * .

Active Stock*.

Saturday,
Deo. 18.

H Indicates unlisted.
Atob. T. A 8. Fe.IBnxlonl.lOO
Baltimore & Ohio (Ball.). 100
Balt. City Pass’ger "
25
Baltimore Consol.
25
BaltlmoreConsol.TKPA.il.). 25
' Boston A Albany (Boston).100
Boston & Lowell
“
100
Boston & Maine.
*
100
Central of Mass..
“
100
Preferred.........
100
Chlo.Bnr.A Quin.
41
100
Ohio.Mil.A St. P (Phil.). 100
Choc.Okla &Gulf
44
JO
Preferred..........
“
50
Fltchourg pref.- (Boston) .1 0 0
Lelilgh V alley.. (Phila.). 50
Metropol’n Str’ tff
4‘
100
Mexloan Cent’l (Boston).100
Mew England.—.
44
100
Preferied.........
44
100
Northern Central ( B a l .). 50
Northern Paoiflo (Phila.) 100
Preferred
“
100
Old Colony------ (Boston) . 100
Pennsylvania. . . (Phila.). 50
PMladelph. Trao.
44
50
Beading Co.........
“
50
Union P acific:.-(B oston;.100
UnionTr&ot\oa..(Phila.). 50
m ie c e lla n e o a a S t o c k s .
▲m.Sug’r Rehn.1l ( B o ston )....
“
....
Preferred........*
Bell Telephone..
44
100
Bost & Montana.
44
25
Bntte & Boston.!
44
25
Calumet & Heola
44
25
Canton C o ......... . ( Bait,). 100
Consolidated Gas
“
10O
Dominion Coal (Boston). 100
Eleo.Stor. Bat’yll (Pnua.). 100
Preferred II
44
100
Erie Telephone. (Boston) . 100
General Electric.
44
100
Preferred.........
100
Illinois S te e l. . . .
44
100
LamsonStoreSer.
44
50
Lehi’h Ooal&Nav. (Phila.) 50
N. E. Telephone (Boston) . 100
Fa. Heat,L. & Po w( Phila.) ........
Unit'd Gas Imp. 11
44
50
Welsbaoh Light 1)
44
5
West End L a n d ..(B oston )....
* Bid and asked prices; no

13*4

13*4

x 66*2
24

6 6 1,
24

217

217

169

169

99% 9 °%
9 5 1, 95 7e
9*<
9%
27% 27*4
98*4 98^2
26*4 26*«
122>« 1 2 2 1.
6
•S’ s

■ 77
21*4
60*8
183
563s
76%
11 *4
25%
12*e

Monday,
Deo. 20.
13
*13*4
66h)
24

66*a
24

217
217
9.14 214
168h) 169
10
55
993o 100*8
9538 95 7e
9»g
9ia
28
23%
*98
26*4 26%
1 2 3 1« 123i«
6
■57g

Wednesday,
Deo. 22.

12% 13
15
*13
6Bia 66%
23 78 23%

13
13
13*4 13%
1 2 % 12%
1 3 78 1 3 70 *14
*13*3 14*3
*65%
•«6% 66 4 *66*4 6 6 %
24
24
23% 24*8
23 7s 2 3 V
24
24
23% 24
2 '7
216 216
*216
218
217
‘ 214
*215
*216 V17
* 168
167*3 167*3 *168
168%
*9
10
*9*3 10
*9*4
54
54
*54
57
99
*3
99*«
100*3
99
99*4 9 9 %
94% 95*8
95% 96
9 4 % 95*3
9%
9%
9%
99*
9%
9%
27%
2 7 % 27%
%
99
99
99*3 99%
99
1«*0
26
26
26*3 26 %
26% 26%
131
126% 1 2 6 % 1 2 7 % 127*3 130
*5 *3
6
*5 %
6
6
*5%
*20
30
_____
80
80
•77
81
A
89
80
*80
80%
21*8 2 %
2 1 % 21%
21% 21%
58 % 59
58*3 58%
59*8 5 9 %
186
*184
186
*185
185*3
56%
56% 56 %
56% 56*9
7 7 % 77*3
76% 77 u,
76% 77
1 1% n %
1 1*3 H 7s
u%
11%
25% 2.5%
25% 26%
26% 26 %
12
11% 12
12
12*8 12s,

216
216%
*214
168ia 169
*9 “a
99
95
*9ia
23
98
26
1 2 4 7e
*5%

77
77
77
*
80
21%
2 i 7«
21*3 21 78
58*3
60% x59
59 7s
*184
wi8 3
56 S
56%
5638 56»s
77*4
7 6 7e 77
77*8
115, „
U K l l l ' , 6 11
2 f7 8 26*4
25*3
25*4
12
12
12*6
12*4

137
112*4
264
145
24>s
4**0
*67
52*4
24%
26

139
112*4
264
145%
24%
470

71
M3
*82
*42*4
20*4
41

71
33*4
85
45
20*4
41

138%
113
26Z
146
24
47 0

140
113
264ia
146
24%
470

52
52V
24% *24
2 6 ‘a 26*8

52%
26
26*4

l__

T_

71
33
83
45
*20
41
"1 2 5
18*«
18%< 185s
97
9 6 7e 97*4
40
40
40*3
1
•i u
•IM
sale was m ade.

__

Bid.

Inactive 8tocks.

13^8

A ik .

137%
112%
263
145
2 >%
*465
*52
24
26

___ ____

71
71
33% *32*4
83
*82
46
45
21
*20
41
41*3
127 *125
18*4
18*8
97%
964,
4L
4 0 7s
1*%
' 1%

99%
95
9%
23
99
26
12478
6

m

80
21%
59
56%
77%
11*4
25%
12

Friday.
Deo. 24

_

139%
139
112% 112
264
26^
145% 144*3
22%
23%
470
*465
52%
24%
26

Thursday,
Deo. 23

Sales

Tuesday,
Deo. 21.

I 3 8 7e
112
264
145*3
2 3 7s
470

139
*112
263
*144*3
22 7s
*4t>5
*o5
52
*52
52
23 % 2 a *3
23
26
26
26

139%
113
264
145
23%
470
52%
23 *9
26

___ ...... ___^

70
71
70
33%
33% 33%
*82
85
85
46
*46
48
21
21
21*3
41*3
41
41
126
126ia 126
18
18*8
18*4
97
97*4
97%
4L
41*4 41*4
1%
D<8
*1 %
$ 1st instal.

8onds.
I_______________________

71
*33*4
*82
*46
2 0 78
*41
125
17 %
96
41
l 1!
paid.

71
33%
85
48
21
41*3
125
1 7 7s
97%
4L
1%
1 2d

Bid.

W eek,
Shares.

Bange of sales In 1 8 9 7 .

Lowest.

853
9°8 Apr. 20
300
9 Aug. 2
2 0 0 5 9 i« Jan. 13
1,190 17 Jan. 12
103 2 1% Aug. 6
75 209 Jan. 4
2 205 Jan. 2
59 157 June 2
8 % N ov. 9
25 54 Deo. 23
12 147 6 9 V Jan. 5
2,700 69% Apr. 19
828
6
May 7
1,141 17 V Jan. 6
304 8 9 * July 17
3 .3 ' 0 2 0 % Pen. 18
952 10> Oct. 16
5 Aug. 11
18 Apr. *
59 57 Feb. 15
67i* Jan. 27
4.456 10 7g Apr. 30
6,260 33*« Jan. 15
2 176*4 May 26
2,966 5 <% May 3
6 843 6 6 % Jan. 5
28.552 89i« Apr. 19
899
5 Apr. L2
5,633
83* Apr. 29

Highest.
1 6 7s Sept. 1 8
21 Sept. 2 0
6 7 * Sept. 15
241*8 Dec. 7
24% Deo. 1 0
220
Aug. 27
216*2 N ov. 3
170 Sept. 28
13 Aug. 30
62% Aug. 30
102*4 Sept. 20
102 Sept. 15
103e Sept. 20
28*4 Deo. 2 0
ICO Deo. 2 2
32*4 July 22
131
Deo. 24
9 * Jan. 3 0
4 0 Sept. 1
9 0 Sept. 1
81
N ov. 23
2 2*4 Dec. 1 5
6138 Deo. 15
186 Deo. 1 4
5938 Sept. 18
7 7 7e Dec. 1 5
145s Sept. 18
27% Oct. 20
13->8 Mar. 3

140 141*3 27,6 9 2 109*4 Mar. 29 1 5 9 * Sept. 3
113
113s
314 1 0 0 * Jan. 6 121*4 Sept. 14
42 ' 205*4 Jan. 4 265 8ept. 1 4
263
264*3
145
1,400
94% Jaa. 2 151% Sept. 2 0
1 4 y *3
6 Jau. 11 31*8 8ept. 2 0
23
6,71*
23 V
470
4 0
3 1 3 2 6 Jan. 2 495 Sept. 2 0
*65
6 0 Jan. 8 6 T% Feb. 6
70
*51*3 5 1
43
5 2 D o. 2^ 62*8 Jan. 15
23% 24
2,375
6 % Mar. 18 273e Dec. O
930
15 * Apr. 22 33*4 Sept 7
25% 26
103 17*s Apr. 30 36** Sept. 7
29% 29*3
71
387 633s Apr. 1 77 Sept. 15
72 %
500 28% May 17 41
*33*3 34
Sept. 15
*82
84
30 6 6
May 18 90 8ept. 15
47
1 .7 0 0 29*4 Apr. 21 50*4 Aug. 3 0
48*3
*20% 21
135 15% J u n e21 23*4 Feb. 1
*41
98 37 *4 May 26 45*4 Sept. 8
41*3
Sept. Q
128
9 101 Apr. 5 135
*125
2 ,783 13 Apr. 30 18% Deo. 15
18*3
•1%
Deo. 1 5
4,891 7 0 78 May 3 99
97% 97%
*41
1,668 38*« Apr. 6 50*4 Sept. 7
41*3
2 7q Feb. 9
353
1 Oct. 2-i
*1 %
1%
Instal. paid. XTrust reo.,all instal. paid.

A sk .

Bo n d s .

73
Pa.& N. Y . Can.,oon. 5S .1939, A&O
Boston United Gas, 2 d m . 5s .1 9 3 9 5 72
96
119% People's Trao. crust oerca. 4s..x»-±o
Burl. A Mo. River E re np t 6s, J&J {119
265
107
268
Perkiomen, 1st s e r .,5 s .l9 1 8 , Q—«
Non-exempt 6 s ... . . . . 1 9 1 3 , J&J 5106
97
Puila.A Erie gen. M. 5 g .,1 9 2 0 , A&C
Plain 4 s ........................... 1910, J&J 5 94
52
105%
;Chlo. Burl. & Nor. 1st 5,19 2 6 , A&O §105
Gen. m ort., i g . „ « ...1 9 2 0 , A&C.
22
21
101% Phila & Read. £d, 5 s . . . 1 9 33, A&c
2d mort. 6 s ...............1 9 1 8 , J&D h o i
12
15
100
Ohio. Bnrl.& Quincy 4s 1922.F & A $ 99
Oonsol. mort. 7 s ......... 1911, J&I
19
21
^ n s o l.m o r * 6 g .........1 9 1 1 .J * ’
Iowa Division 4 s ____ 1 9 1 9 , A&O h o i
148 ' 150
70
Chio.&W.Mioh. gen. 5s, 1 9 2 1 , J&D § 63
E xt. fmp. M. 4s, g., 1 9 4 7 ..A .& 0
260
250
§
61
65
Oonsol. of Vermont, 5 s .1 9 13, J&J
Uou. M .of 1»8 2 , 4 s . . . . 1937, J&J
36
37
75
Terminal 5s, g . . . . . 1941, y . —F.
Current River. 1st, 5 s ..l ‘>27, A&O » 65
11
13
75
Det.Gr.Rap.& W .,lst 4s, 1946. A&O § 74
Phil. Wilm. & Balt.., 4 8 .1 9 1 7 , A&O
41
44
Pitts. C. & 8t. L ., 7 s . . . . 1 9 0 0 . F&A
121
fcastern 1st mort 6 g .la 0 6 ,M & 8 .. §120
19
20
Reading Co. gen. 4 s. .. .1 9 9 7 , J&J
Free,Elk. & M .V .,1st, 6s. 1933, end. §134
75
73
Rochester Railway, oon. 5s ..1931?
Unstamped, 1st, 6s, 1 9 3 3 ............. §1 3 1
36% 37
75 1 3chuyl.R.E.Side,lst 5 g .1 9 3 5 , J&D
K.O.C.&Spring., 1st, 5g .,1925, A&O \ 7 0
45*4 K 0 . F .8 .& M . oon. 6s, 19 28, M&N (102
102% Jniun Terminal 1st 5 s ........ ..F & A
57
77
K.C. Mem. & B ir.,l8 t,2 s,19 2 7 , M&8 * 76
10
*13
A tla n ta ^ C h S 'L ^ la t 7 s f i9 0 7 . JAo
K.
C. 8t. Jo. & C .B .,7 s ..l 9 0§120
7 , J&J121
44
95
Baltimore Belt, 1st, 5 s. 1 9 90, M&N
L. Rook & Ft IS.. 1st, 7 s. .1 9 0 5 , J&J § 90
10
20
105
Balt. C. Pass, 1st 5 s .. 1911, M&N
Louis.,Ev.&St.L.,1st,6 g .l9 ‘2 6,A&O §102
45
55
87
Balt. Traotion, 1st 5 s ..1 9 2 9 , M&N
2m ., 5 - 6 g . . ............... 1 9 3 6 , a& O § 85
54
111
Exten. & iuipt. 6 s . . . . 1901, M&S
Mar. H . & Ont., 6 s ........1 9 2 5 . A&O §110
125
12*8 * Mexloan Central, 4 g . . . 1 9 1 1 , J&J § 65
65 %
No. Balt. Dtv., 5 s ........ 1 9 42, J&D
58
16
17
Baltimore & Ohio 4 g., 1 9 3 5 , A& O
1st oonsol.inoomes, 2 g, non-onm.
54
5
6
Pitts. & Conn., 5 g ....1 9 2 5 , F&A
2d oonsol. Incomes. 3e. non-onm.
8taten Island, 2d, 5 g .1 9 2 6 , J&J
119%
N Y . & N .E n g,, 1st, 7s, 1905, J&Jf §119
91
Receivers’ certificates, 6 s..J & D
iB tm ort. 6 s . . . . . . . ...1 9 0 5 .J & J § 1.13 113%
19
19*s Ogden. &L.C., Oon.fis. . . 19 20,A&O § 90
95
Do. Maryland Construe., 5 s .........
15
Do. Pittsb. & Connells., 5 s..J & J
Ino. 6 s ............... . . . ............ . . . 1 9 2 0
21*4 23
107
Bn tland, 1 st,6 s ............. 1 9 0 2 ,M&N $ i0 5
Do. Main Line 5 s.................... . . . .
8 6 V 1, 86%
2d, 5 s ............................. 1 8 9 8 ,Ffee * u9
Bai.&Ohio 6. W.,l«b .4 **g.l9 9 0 , J&J
luu
103*4 104
0*p
eF .& Y acL ,8er.A .,6g.l916, J&L
. , B p n d i .-P h i l a d e l i h i a
248
Atlantic City 1st 5s, g., 1919.M&1S
g , . . . . . . . 1 9 3 0 , M&S
107% Cant. Ohio,
51
Buffalo Ry. oon. 1st, 5 s ........... 1931
Cent. Pass., 1st 5s ....1 9 3 2 , M&N
3
2^8
Oatawlssa, M ., 7 s_____ 1900, F&A 1 0 8 ^
City & Sub., 1st 5s_____1922, J&D
1
2*4 Oboo. Okla. & G all, prior lien 6 s .. 108
Chari. C ol.& A ug.ext.5s. 1 9 10, J&J
109
2
4
General 5s......................1919, J&J
93
93% UoL & Greenv., 1st 5-6s.\ 9 1 7 , J&J
120 125
Citizens’ 8t.R y.ol lnd .,oon.5s.l933
75
76
Georgia & A la ., 1st pf. 5 s .l9 4 5 ,A & 0
MISCELLANEOUS.
Columb. 8t. R y„ 1st, oon. 5 s.. 1932
Ta.Car. & Nor. 1st 5 g . .l 9 2 9 , J&J
▲Hod ez Min’g, asst pd(Boston). 25
Colutnb. O. Crosstown, lst,5a,1933
Georgia Pao., 1st 5 -6 s ...l9 2 2 , J&J
Amer. Ky. El. L igh t.. (Phila.) ___
5
6
ConBOl. Traot. ol N. J., 1st,58.1933
99
99% G«or. 8o. & F la., 1st 5 s ..1 9 4 5 , J&J
Atlantic M ining......(B o s to n ). 25
26
25
Del. & B’d Br’k, 1st, 7 s .1 9 05, F&A 124
North. Cent. 6 s .. . . . . . . . . 1 9 0 0 , J&<.
Bay State Gas fl
2
2*8 Easton& Am. ls tM .,5 s .1 9 2 0 ,M&N 107%
6 s................. ..................... 1 9 0 4 , J&J
Boston Land...............
f<
5
5*4 Eleo. & People’s Trao. stook.tr. otla
Series A , 5 s . . . . . . . .. ..1 9 2 6 , J&J
76% 77*4
Centennial M in in g...
44
12*4 13
4*48............... ..................1 9 25, A&C
Elmir. & W U m .,1st, 6 8 .1 9 1 0 , J&J. 123
Fort Wayne Elect.II..
44
1
*4
HestonviUe M. & F„ oon. 5S..1924 1 1 5 *
Pitts. & Connells. lst.7s.189W , Jto
Frantlin M ining.. . . .
44
17
17*4 Hunt. & Br*d T o p ,P e n .5 s.’9 5 ,A&O
107
Pitts. United Trao., 5 s ... 1997, J&J
Fren ihm’n’s Bay L*d.
44
*4 K. O. Sub. Belt 1st 6 s . . . 1920, J&D
V
Sonthem, 1st 5 s . . . . . . . . . 1994, j &o
Kearlarge M in in g....
44
18
18*4 Kan.C. Pltts.& G .ls t 5 s. 1923, A&O
79
§9*4 Virginia M id., 1st 6 s .. . 1906, M&£
Marsden Co.................(Phila.)..........
9
hV
Ls iigh
........1 9 14, Q—J
2 a Series, 6 s . . . . - . . - - .- 1 9 1 1 M&i
Mergenthaler L inot..fB oston;.i0( x i 3 6 , 137
R.R. 4s, g., 1 9 1 4 ...................... Q
3d Series, 6 s .. . . . . . . . . 1 9 1 6 , M&f107
Osceola Mining.........
“
25
37*« 38
General in o r t.4 % 8 ,g .ia 2 4 ,v t- .
4th Series, 3 -4 -5 s....... 1 9 2 1 , M&fPullman Palaoe Car.
44
IOC1 172 j173*4 Lehigh V al.Coal la 15 s,g. 1933, J &J ■9 3 “
5th Series, 5 s .. . . . . . . . 1 9 2 6 , M&£
99
Pennsylvania Steel.. (Phila.).IOC
I0*fi Lehigh VaUey, 1st 6 a ...1 8 9 8 , J&D 102%
W est Va. C.& V. 1st, 6 g -1 9 1 1 , J&J
10
20
19
2d 7 s ...............................1 9 1 0 , M&S 133%
W ilm . Col. & A n g ., 6 s . . l 9 i 0 , J&J
Quincy M i n i n g . . Boston). 25 115 116
Oonsol. 6 ........................1 9 2 3 , J&D >16
MISCELLANEOUS.
iam arsok M in in g ...
“
25 127 129
Newark Passenger, oon. 5 s ...1930 1L0% 111
Baltimore Water 5 s . . .1 9 1 6 , M&r
" ater Power...............
**
io<
1
H
North Penn. 1 st, 4 s ....1 9 3 6 , MAN 111
Funding 5 s .. ^ ■ - . . . - 1 9 1 6 , M&^
Weetlngh. Elco. to M._
“
51
20 | 21
Gen. M. 7 s...... ................1 9 0 3 , J&J 119%
Exchange 3**s.............1 9 3 0 , J&
Pref.. cumulative..
M
&r
51*2 52
Pennsylvania g e n .8 s ,r ..l9 1 0 , Var 130
Virginia (State) 3 s ,n e w .1 9 3 2 , J&.
B o n d * -B o s t o n .
Oonsol. 8s,
-----------117
Funded debt, 2 - 3 s ....,1 9 9 1 , J&.
At.Top. A 8 . F. general g. i s , 1995
8 8 %' 89
Chesapeake Gas- 6 s . . . . . 1 9 0 0 , J&J
Adjustment g. 4s, 1 9 9 5 .................
5 7 78 58
109”
O
o n s o l . G a s , 6 s 1 9 1 0 vJ&>
Bnstnn
1
92
92*« Pa. & N. Y . Canal. 7 s ...1 9 0 6 . J&D 120
t noa " *
........
* Price Incudes overdue ooupons.
Tf Unlisted.
5 And aooruel interest.

Prices o f December 24.
Atlanta to Charlotte (Bail.). 100
Boston & Providonoe (Boston). 100
Catawissa................ —. (Phila.). 50
1st preferred...........
44
50
Central Ohio................ (Balt.) 50
Chicago to Wft8t Mich i Rns/syn). 100
Citiz’ns’ St. Ry.of Ind.H (Phila.) 100
Connecticut at P a ss..(B osio7lj. 100
Connecticut R iv e r ....
44
100
Consol. TracLof N.J.IHP/Hta.KlOO
Flint & Pere M a r q ...(Boston). 100
Preferred. . . . . . . . . . .
44
100
Georgia Sou. & F la. (Ball.) .100
1st preferred...........
44
io o
2d preferred.. . . . . . .
44
100
Hestonville FasBeng. (Phila.). 50
Preferred 1i...................
44
50
Hunt. & Broad T o p ...
44
50
Preferred......................
44
50
Kan. C’yFt.S. & Mem.(Boston). 100
Preferred......................
44 100
Little 8ohuylkill......... (Phila.). 50
Maine Central...........( boston). 100
Mine Hill to S.Haven (Phila.) 50
Nesqueboning V a l 44
50
North American C o ..
44
100
North Pennsylvania.
44
50
Or.8h. Lina all asst.pdfBoston).\Ox
Pennsylvania& N .W . (Phila.). 5C
PhUade’. to Erie.........
4
50
West E n d . . . . . . . . ____ (Boston). 50
Preferred.....................
44
50
United 0)S. of « . J .. (Phila.).IOC
West Jersey to Sea 8h.
44
50
Western N.Y. to Penn
44
100
Wisconsin Central...(B oston). 100
Preferred.....................
44 100
Woro’stNash.&Rooh.
44
100

.....

......

Preferred Tl.........

44

i<x

BU.

iM t£

106
102
102%
102%
118%
lo 7
127
131%
122%
102%*
102%
118% 119

__

110
86
96
104%
123
79%
113%
115
106 %
115
103%
........;
103%
100

86%

123%
80
115%
107%
116

......
71

101%
99
.....
73
..........
112
113%
m %
118%
102
91%
123 Si
102%
108%
110
117%
109
103%
102%

114%
112
102%
92
124
103
109
..........
102%

117% . . . . . .
116
116%
97
——
ill
114

112

121% 122V

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

79
79%
69*4 69*fl
104** 105
118 | .....
.110 111

THE CHRONICLE

D ecember 25, 1897,J
H EW YOKE STOCK E X C H A N G E
R aTLBOJlD

ajtd

MTumcT.r.AiraoDB BOKD0,

1218

P R I C E S (C o n tin u e d )— A C T I V E B O N D S D E G . 2 4 A N D F O R

hit's t ° p ? l ? g Kan9* <,a l a > in 1897'
.Period Dec, 2 4 .
Lowest. | Highest.

R a il r o a d and
Miscell an eo u s B onds .

YEAR

Range d a les) in 1 8 9 7
In t’st
Price
Period Pec. 24.
Lowest. I Highest.

107% b. 106 Feb. 110 S ep t Goals.N. A. A O h.—l e t ,6 8 .1 9 1 0 J & J *114 b. 111 Jan.
in te r, Cotton OU, d e b .,8 g . 1900 Q - F
72%
7 0 Apr,
86 % Aug.
95%
A m sr. Spirit M ?g., 1st B g.lOlo M & s
Manhattan oonsol. 4 s . . ...1 9 9 0 A & O
9 1 % Apr.
83%
7 4 % Jan.
8 4 % Aug.
* nn Arbor.—1st, 4s, g ------ 1995 %—J
Metro. E le v .- 1st, 6g . . . . 1908 J A J 1 2 1 % 1 1 6 % Jan.
89%
7 8 % Apr.
90 Sept.
A t.T , atB.F.—New gen. 4s-1 9 9 o A & O
2d. 6s ............. ....................1899 M A N 103% b. 102% Nov.
58
4 1 %, . Apr.
61 Sept. M etrop.St.gen. col. tr.g.Ss. 1997 F A A 113%
Ausdgtm entls___ . . . . . . . 1 9 9 5 Nov.
.....
109% Oot.
B’ way<®t7thA.v.-lst;.oon.g.5s’43 J A D 120%b. 116% Jan, 1 2 0 % Aug.
Mleh. Oent.— 1st, oons„ 7 s . 1902 M A N 114%b. 113% Nov.
Brooklyn Elev. 1st, 6 g — 1924 A & O ] 8 2
70 Feb. 186 % Sept
Oonsol,, 5 s...........................1902 M A N 102 b. 105% June
80% b. 68 Feb. 185 % Sept. JU m tA StL .— 1st oon.5a,g.1934 M A N 106%
Union Elevated.—6g----- 1937 M & N
100 Jan.
92% i 70 May | 9 6 % Sept, Mo. K . & E .—1st 5s, g „ gtL.1942 A A O 9 4 b. 88% May
B k lrn Rap. Trans., 5 g — 1 9 4 5 1A 4: 0
Bklyn.U n.G aa.l3t.eon.5g. 1945 jJ A J 1 1 1 % W 105% Jan. i l l o
Aug.
86 b. 82 Jan,
M. K. A Texas.—1 s t ,4 s ,g .1990 J A D
99% a. 91 % Mar. ! 102% Sept j
B *k lynW hrt*W .H —lsL 5a,g. 15 F A a
62%b. 5 4 % May
1990 F A A
2d, as, g .................
94
B air. B. A P.—Gen. g. 5 *. 193 7 M & 8 102% ■ 95 % Mar. ‘1 0 2 % Dee.
Mo. Pao.—1 s t,o o n .,6 g .....1 9 2 0 M A N
68
May
108 Jan. 1114 Deo.
Osnada Southern.— 1st,5»,1908 J A J 1 1 2 %
3d, 7 s .....................................1906 M A N 107 b. 98
Mar.
104% Mar. 109 Aug.
2 d , 5*. .................................1 9 1 3 M A 3 107%
Pao. ot Mo.—1 s t,ex., 4 g .l9 3 8 F A A 104 b. 100 Apr.
118% Dee.
Gent, of G a .—1st, g „ 5 * ..-1 9 4 5 F A A ............. 112% Feb.
2d e xt 5 s ......................... 1938 J A J 109% a. 100 Apr.
DQ%b. 8 6 % June 91 Sept.
Cons., 5s, g ....................... 1045 M & N
St, L ,A Ir.Mt.Arte, B .,5 s .l9 3 5 J A D 104% b. 103 Apr.
105%b. i o i % Cot. 108% Mar.
Central of if. J ,—Con*.,7a,1899 Q ~ J
1st e x t , e „ 4 % s .............1947 F A A 108% b. 104 June
ConsoL, 7 s . . ....................... 1902 M A N 113 b. 112 Nov. 115 Mar. „
88%b. 6 7 % May
Gen. R ’y A la n d g r .,5 g .l9 3 1 A & O
106 May 118 Feb.
General mortgage, 5 g . ..l 9 8 7 J & J 113
Mobile A Ohio—New 6 g ...1 9 2 7 J A D 120 b 116% June
76
L e h ,* W .8.,eon..7e,a9’d .l9 0 0 ! '4—M_ lo o % a . 9 0 Apr. 104% Feb.
General mortgage. 4s . - 1938 M & S
65 Apr.
87% b. 7 5 % May I 90 Feb.
“
m nrtgage5a.l912jM & h
Nash. Ch. A S L L .—1st, 7 s ..1 9 1 3 J A / 132 b. 1 2 7 % Jan.
A m . Dook A l m p .,5 s ___ 1921 J &
J, 116
. . . ...
a .; 113
....
Aug.
^. 1116% Deo. I Consol.. 5 g ...........................1928 A A O 101 b. 9 8 % June
Central Paolflo.—Gold. 6a. 1898 J A
J 1 0 2 ^ 0 .1 0 0 Jan. ! l 0 i % Jane N . Y . Central—D e b te x t4 s .l9 0 5 M A N 103% b. 101% Jan.
103 b. 99 % Jan. 1 0 3 % Jane
Exten. 5 r . . . „ ___ _____1898|J A J
1st, ooupon, 7 s................... 1903 J A J 119% b. 117% Jan.
Che#. A Ohio. —.lor. A, 6 g ..l9 0 8 A A O 119 b .| ll6 % O o t. 121% June
peben.,5a, coup., 1 8 8 4 ..1 9 0 4 M A S llo % b . 106 Mar.
' 118 C o t 122% July
Mortgage, 8 g ..................... 1911 A A O 119 b.
N, Y. A H arlem ,7s, re g ..l9 0 0 M A N 109 b. 107 Oot.
1st consol.,5 g . . . .............. 1939 M & N l l l % t 107% Jan. 113 S ep t
B , W. A Ogd., oonsols, os.1922 A & 0 121 b 117% Jan.
72
Mar. 85% Aug.
General 4 % s , g . . . . . ..........1992 M & ?
80 %
W est Shore, guar.. 4 S ....2 3 6 1 J & J 111 b. 105 Jan.
B - A A .D iv ., lsto o a ., 4 g .1989(1 A .1 105 b. 97 Jan. 106% Deo.
N. Y. Ohio. A 8 t L.—4 g .,.1 9 3 7 A A O 106%
103% Apr.
9 3 b. 86 Jan. 1 95
Deo. . N .Y . Laok. A W .—1st, § 8 ..1 9 2 ! J & J *13?% b. 136 Mar.
__
“
2d o o n .,4 g ..l9 S S J & J
115 Jan. 120% June j Conetruotlon, 5 a..............1923 F A A 117% b. 116 Sept.
Ohio.Bnri. <Sr Q .—C o n .7 a .1903 J & J 1 1 9
Feb. i107 Doc.
Debenture, 5 s...... .............. 1913 M A N 106 b. 93
N .Y . N. H. A H.—Con. deb. otfs. A A O 144%
132% Feb.
Convertible 5 s . . . ................. 1903 M A 8! 110%
9 9 % Mar. 111 Dec,
97 b. 88% Jan.
N .Y .O n t A W.—R el. 4s, g.1992 M A S
D enver Division 4 « ............. 1922 F A A 101%
93
Feb. 101% Dec.
Oonsol.. 1st, 5a. g ..........;.1 9 3 9 .1 A D 107% b. 107 Deo.
Nebraska Extension, 4S.1927 M A *'
08 7 a . 8 7 % Jan. ! 9 8 % Deo. „ N .Y .S u s.A W .lstre f.,5 8 , g.1937 J A J 106 a. 100 Jan.
Han. A Mt. Jo».—C ona.6e.l911;M A 8| 122
118
Mar. 122% July
85% b. 68
(Sen. 5 g ..............................1941 F A A
June
Oslo, A E. U U -ls t ,* . r.e *.1 9 0 7 J A D; 110 b. 114
Apr. 115
Apr. 1 Midland ol N. J ., 6s, g ..,1 9 1 0 A A O 120 b. 1 1 6 % Apr
Consol 6 g ................................1934! A A 0 128 b. 124
Apr. 133
Dec.
79%
Nor. A W. Ky.—1st, oonB.,4g.'98 A A O
6 7 % Apr.
General donsol.. 1st 5s..1937| M A N 102
| 9 8 7s Feb. 103 Oct.
No.Pacific— 1st, oonp. 6 g .l9 2 1 J A J 118
113 Jan.
Chicago A Erie.—1st, 5 g . .1 9 8 2 (M A N 110% b. 108% M ay 112 Jan.
95%
Prior lien, ry. A l.g. 4 , g.1907 Q—J
8 5 % Jan.
93* Jan. 107 Deo
Ohio, Gas L. A O .— ls t.5 g ..l9 3 7 | J A JS
" 107
*'*'* b.
- 1 *”
General Hen 3 g ..............2 0 4 7 Q - F
60%
51% Apr.
Oh. Did. A L .-R e f .. g., 5 s .1947 J A j| 8 4 a. sO July
85 Deo.
No. Paolllo Ter. Co—6 g ___ 1938 J A J 104% b. 9 7 % May
(128 Jan. 142 Sept. | Ohio A Mias.—Con.s.f., 7 s . 1898 J A J 103% b. 102 Aug.
Ohio. M il A at. P.—C on.7s. 1905 jJ A J! 142
7 4 b. 7 7 Nov.
1st, Southwest D ir., 6 « .. 1900 J A J 121 b.: 115% Jan. 121% Dee. i OkloSouthern—1st, 6 g .,.1 9 2 1 .1 A D
1 s t ,8o Minn. l»!v .,fls.,1 9 1 0 ;J A J 120%b j 115% Jan. 121 % Deo.
General mortgage, 4 g .,1 9 2 1 M A N *110 a. t 8% Apr.
l*t.C a.A P an .W .D lv.S s..1921 J A j| 1 1 7 4 4 112 Jan. 118% Deo. | Oregonlmpr. Co.—Ist6 g ..l9 1 (> J A D 1101% ' 8 4 % June
Chic. A Mo. Rlv. ill v.,5s. . 192b |J A J r 115 b. 1 0 6 % Jan. 115 Nov. I Consol., 5 g ......................... 1939 A A O *|44%b. 15 Feb.
Wise. AM iun .,D iv ,5 g ...l 9 2 l U A J 115% b. 110% Jan. 116% Nov.
110 Jan.
O re.B.AN av. Co.— 1st, 6 g .l9 0 9 J A J 115
115 b.! 110% Jan. 1 1 5 1 Deo.
T erm in al,5g..................... 1911 J A
93%
KR. A Nav. oonsol., 4 g .1 9 4 6 J A D
80 Jan.
Gen. M ,, 4 g ,, series A ....1 9 8 9 M A J 105%b. 96 Jan. lOtl Deo.
Oreg. 8 A U n e - 1 s t ,6 9 , g .. 1922 F & A 123% b. t l l l % ,an.
Mil. A Nor.— lat,oon.,6#. 1913 J A D 1 2 0 %b.! 118 Jan. 122 Deo.
98 %
1st, con. 5s, g..................... 1940 J A J
86 July
Ohio. A N . W.—O )n »o l..7 s.l91 ,5 Q— F 144 b.1140 Jan. .147 July
57%b. 44 July
Non-cumuL Ino. A , 5 s .. . 1946 Sept
116 b.i 115% Deo. 121% May
Coupon, gold, 7 s . . . . ____ 1 902 J A D
Penn. Co,— 4%g, coup____ 1921 J A J *116 a. 109% Jan.
I l6 % a . 114 Jan. 120 Aug.
Slnkingfund, 6 s _______ 192ti;A A O ____
Peo. Deo. A Evansv.—6 g,192i J & J 104%b. 92 May
‘ " b. 108% Apr. 113% S«t>L
Sinking fund, 5 s ..............1P29 A A Oi‘ 111
Evans, Division, 6 g ...l ,1 9 2 i M A S * 99 b. 91 June
Sinking (n n d ,d e b e n ..5 s .l0 j3 M A N| 117 b.i 1 1 0 % Jan. 117% July
2d mortage, 5 g ...............1 9 2 6 M A N '1 1 2 % b . 1 10 May
106 Jan. l l O 1^ Sept
85-year debenture, 5 s . . .1 9 0 9 M & N 110
Pitts SU. A h. E , 1st, 5 g, 1940 A A U 105% b. 95 Jan,
J an. 106 July
80% a. 66 June
Extension, 4 s.................... 1926 F A A *107 a 10 Pittsburg A Western—4 g .1917 J A .1
MU. I, »b , A W „ 1st, 6 g . 1021 M 4t N 136%1 131 May 137 Oct.
96
ReadlngCo.—Gen., g. 4s .1997 J A J
80% Apr.
Mar. i 18 0ao»
83
Exten . A im p.. 5 g . .„ .1 9 2 0 F A A "1 1 6 % b . 112
Rio Gr. Western— 1st 4 g .. 1939 J A J
7 0 % Mar.
71%
S t Jo. A Gr IsL—2-3 -4 8 .. 1917 J A J
62<% J une
G h !c .B .l.A P » e .—6 s,etm p .l917 J A J 13 4%b. 128% Jan. 134% Dee*
101% Jan. 108 June S t L. ASan Fr.—6 g, 01. B .190S M A N 114%
Extension and col., 5 s ...1 9 3 4 J A J 1 0 7 %
112 Jan.
80-year d e b e o ta ris.5 s...l02 1 M A S 106%b. 93 Jan. 106% Deo.
108% Jan.
General mortgage, 6 g .,1 9 3 1 J A J 118%
Ohio. 8s. P. M. A 0 . —6 s ...1 9 3 0 J A D 135 %b. 128 Jan. 136S) Nov.
General, 5 g .................
1 9 3 1 J A J 105
94 % Jan.
46
4 2 % July
Chic. Ter. Trans., oi Ib. of pi on. . . . . . .
Railroad, 4 g ...................... 1996 J A J * 76% a. 62% Jan.
47% Sept.
72%
Clev. Dor. A W heel.—5 s .. . 1933 A A O 104 %a. 98 May 103 Auif.
59% Apr.
S t L. A So. W .— 1 s t 4s, g .1 9 8 9 M A N
130 June 135 Oct.
2d, 4s, g.. lnoome.............. 1989 J A J * 28 %a. 15 ADr.
G O . C . A l .—Con»oi.7g ...1 9 1 4 J A D
123% Jan. 128 Nov.
General, consol.. 6 g ___ 1934 J A J
S tP .M .A M .—Dak. E x .,6 g .1910 M A N 121% b. 1 1 6 % Jan.
94% b. 90 8 e p t 06 Apr.
123 Jan.
a C .C A B t .D -8 t L .D iv.,4».1990 M A N
lstoonsoL , 8 g . . „ . . . . . . . 1 9 3 3 J A J
77 a. 68 J une 81 Aug.
Peoria A Eastern, 4s___ 1940 A A O
“
reduced to 4 % g .. J A J ’107%b. 102% Jan.
Col. A 9th Ave. gu. 5s, g ..l 9 9 3 M A 8 1 2 0 % 115% Mar. 120% Deo
Montana ex te n sio n ,! g .1 9 3 7 J A D ' 93 %b. 8 7 % Jan,
8 8 % Jan.
62
54 % Jan.
O oLH .Vai.ATCt— C on.,5g.l931 M A 8 ! 7 1 % b. 63 Feb.
San. A n t A A .P .— ls t,4 g .,g a .’ 43 J A J
52 b. 49 % Feb.
95
87 Jatu
General, 6 g .. . . . . . . . . . . . . 1904 J A D
So. Oar. A Ga.— 1 s t 5 g . —1919 M A N
87% Feb.
8 0 . Paoiflo, A jlz.—6 g. ..1 9 0 9 -1 0 J A J 102 b. 90 Feb.
Deny, A KloGr,—1st. 7s,g . 1900 M A N 108 %b. 108 Nov. 113% Apr.
8 7 % July
91 Hj Deo.
1st consol., 4 g ,____ . . . . . 1 9 3 6 J A J
So. Paotdo, C a t—6 g . . . 1905-1 A A O '108 b. 1 0 5 % Oot.
91 %
9 7 % June 105% Sept.
Feb.
91%b. 85
P u t * Iron K'ge -1 st, 5 s .1937 A & O 105
1st oonsoL, gold, 5 g ........1937 M A N
102 Jan.
So. PaolHo, N. M.—6 g ........ 1911 J A J 108%
DnLdO. 8h, A AtL—5 g . ... l 9 3 7 !J A J *10,5 b. 99 % Jan. 106*5 Deo.
95
Southern— 1st oons. g, 58.199s J A J
87 % Mar.
Edison E1.1U.—Xat,oon.g.5s.’ 95f J A J 115 b. 104% Jan. 115 Dec,
9 6 % Feb.
92%
Erie—4 , g, prior bonds__ _ 190b J A J
E . Xenn. reorg. lien 4 -5 s. 193s M A S ' 9 4 %b. 8 6 May
88% May
1 0 7 % Jan.
73 * Sept.
62 May
General, 4 -4, g .................1996 J A J
E .T . V. A G .— le t ,7 g . .„ 1 9 0 i J A J 110
72%
Con.5 g — . . .
..........195i M A N n o
107 Jan.
Erie Rjr.— 1st, con., 7 g ,.1 0 2 u M A 8 144% b. 139% Mar- 1 4 5 % Dee.
Georgia Pao. 1st 5-0s, g .,1 9 2 J A J 1 2 2 % 107% Jan.
1 /g Dock, oonaoL, e g . 1935 A A O 137 b. 133% Jan. 137% Deo.
76 Sept.
70%b.j 53 Jan.
K noxv. A Ohio I s t 6 s ,g ..l9 2 5 J A .1 117 b. 112 Jan.
r%. W , A Den. City.— 4-6 g. 1921 J A D
R loA AD anv. oon. 6 s ,g ..l9 1 J A J 124 b. 1 1 7 % Jan.
93 OoL
92
88
May
Gal. H . A 8 ab.An-M . a P.IJ. !st,5g 41 A N
Gen. Electric,<S»b. 5 s ,g . . . 1922 J A D 1 0 0 sib.1 90 % Jan. 102*3 Nov.
W estN o.C arlB toon.6s,gl914 J A J 114%b. 111% Jan.
59%b. 59 % Deo.
Standard R o p e A T .,l8 t6 g .l9 4 6 F & A
31 Dee.
H o o s.A T. C ent gen. 4s, g. 1021 A A O 78 b. 65 % Apr.
Tenn. O 1. A Ry—Ten, D .ls t, 6g A A O
81%b. 79 June
Illinois Central.—4 s,g ___.1 953 M A N 1 0 0 %b. 99 % Jan. 103 Jan*
Birmingham D iy., 0 g .,.1 9 1 7 J A J
85 b. 79 Apr.
Western Dines,1st, 4», g . la s l F A A'*104 b. 100% Feb. 105% May
85 % Jan.
97%
MA
AN
N 120 b.! 117 May 124 sept. Texas A Paolho— 1 s t 5 g . . 2000 J A D
In D A O rs a tN o r.— l* t,6«,g 1919 M
18 Apr.
! 73 Jan.
29
2d, income, 5 g . . . . . . . . 2 0 0 0 March
86 *3 Sept.
85
2 d ,4 % -5 s ............................1909 M A 3
101% O c t
Iowa uentraL —l s t ,5 g ...,1 9 3 8 J A IJ 98 %b. 88 Apr. 100*3 Nov. Toledo A O nloO ent 5 g . . 1935 J A J
33
Nov. T o L S t.I - A K an .O .—6 g . ..l 9 1 6 J & D
16 6 % May
7 7 % Gut
Kan.C.P A G .—1st A roi.g.bs’ 23 A A O
78%
Feb.
Union Paolho— 6 g ___. _ . . 1 8 9 8 J A J 102%b, 1 0 1 % Sept.
60 Oot.
5 6 a.| 44
Kings Co, Elev.— le t ,5 g ..l 9 2 5 J A J
93 % Jan. 103% Dec.
E x t sluklng land, 8........ 1899 M A S tll2 % b , 85 Jaa.
Baolade Gas.— 1st, 5 s , g . . . 1019 %— F 103
Ootlat tr. 6a, g. n o te s ...1902 F & A
43% b. 140 % O ot
Lake Erie A W e st—5 g . . . . 1987 J A J 116 b. 113% Jan. 118 June
Purcliaso money certs............
111 % 110 Deo.
D .8hore.—Oon,cp,, ls t.7 a .1 9 0 0 J A J l l l % b . 109% Aug. 114 June
113% J an.
Kan. Pao.—D e n ,D lv .,0 g . 1899 M A N
Consol, cou p .,2d, 7 s ,... .1 9 0 3 J A D 119 b. 119 Jan, 124% Mar.
167 Jau.
lstooosoL , 6 g ______ — 1919 M A N t 8 1 %
Gold, 3 % s ... . . . . . . . . . . ...lo o ? !* ! A D 104 a. 1 0 2 % Sept 105% Nov.
33 Apr.
48%
U .P .D e n .A G u ll,oo n .,5g.l939 J A D
I^ h .V al.T er.— 1 s t gn., 5e. i p i i l a A O 110%b. 106 Apr. 112 Aug.
U. S. Leather—a F.doo.6g.l913 M A N 115 i 110 May
D e x .A v .,. »»v.P .ga .<to,g 1993 M A S 'W O b. 115% Mar. 120% Doc
Virginia M1<L—Gen-M., 5s. 1936 M A N 103 b. 100 Jau.
L o n g le la u l.—1st non,,5g.lB 31 %—J *117 b. 113 Jan. 119 May
101% June
91
Sept. Wabash—1 s t 6 g ...... ........... 1939 M A N 107%
84
76 % Jan.
Genera, .. Origavtt 4 g .. . 103.9 J A D
80%a, 63 % Apr.
2d mortgage, o g .___.. _ 1 0 3 9 F A A
Nov. 106% Mar.
s.7 s ..1 8 9 s :A A O 102% b, 101
jr .o , a . ttfoti«, 1 St, <5* ., . 1930 J A J *121 b. 116 Jan. 123 J une W estN . Y. A P a . - l s t , 6 g . l 9 3 7 J A J 108 %b. 104% J an.
*4
to
- , 46%b. 43 May
Gen. 2-3-48, g o l f l .._ ___ 1943 A A O
1930 J & i
........... 98% Jan, 107 Aug.
W e s tU n .T o l.-C o L tr. 5 S ..1 9 3 8 J A J 111 b. 106% Jau.
115% .1an. 119 Oct.
General. « * ..
. 1 0 3 0 4 & U 1 17
8 7 % Dec. wise, 'le n t co. 1st fo , U ...1 9 3 7 J a J f 35
1128 May
78 % Jan.
87%
.1 0 4 0 J A J

Lonls. A Nas

* b ’ in- ileatea ut\nv Oni,• ‘*a ’ g ttm ask

R d U r o m i R nndg.
(ftkitk Exrhnnge
Mid, - 1 s t , g tm ar.. 1928
Atoh. Tmwka A
PVan.—
Eqfilp. t r o t , ser.
5s, g ._1 9 0 2
O alow
t .on, »•»!,.
in is
A tl .tn. A. ve. rBlr1yn—I m p. i?. 5a. 193 4
Asian.
1st, g . S s .--1 9 5 0

i; the raugu U made up from salea. 'Latent price this week. (Trust receipts. tG2%% prill, pd.

Bio

rtK(URlTLK».

*91

* i isOLilo— iat, *58, Parfe B .1 01 9
>*, gol<t
............* 1 9 2 5
iJona. w ort,, gold, 5a........1 9 0 8
•V V l. & Pitts. *■«t, g .( 5a.. 1990
H.
O. S. W ., 1st,
notion. River, l8 t ,g ., g ,5 s ..l9 l i#
Ohio Fieo
fa t ,4 4 8 .1 9 3
\k.A'Oh..Jano. — ’ »*
' m .1 9 3
Hrnoklyu Klevu
—2d, 5 > .19
‘ IJ.B .—IfltpgyfiB y

83

1 1 5 % June
9 7 % Ang.
1 2 1 % Deo.
1 0 7 % Apr.
113% Deo.
119
Apr.
108
Mar.
107% O ot
100 S e p t
88% N ov.
05 % S ep t
98 % S e p t
110 S e p t
1 0 4 % Dec.
109
Deo.
1 0 7 % N ov.
108% Deo.
90% Sept
124 Nov.
7 8 % Deo.
1 3 3 % June
1 0 3 % Nov.
105
July
121% Apr.
112 Aug.
114
Mar.
122% Dec.
1 1 1 % N ov.
108 S ep t
141 Dec.
1 1 8 % Aug.
144 a D ec.!
99 Aug.
111
May
107 S e p t
90% Sept
121 S ep t
80 % S e p t
122% S e p t
9 5 % Deo.
61% Sept
110 Mar.
106 J une
90 Jan.
18 Sept.
108 S e p t
149 S e p t
116% Deo.
9 4 % Nov.
124
Deo.
9 9 % Deo.
61 % Aug.
1 1 5 % Deo.
104
Feb.
106 Feb.
2 7 % Jan.
109 Aug.
80 Deo.
8 6 % Sept.
83 % S e p t
7 1 % Deo.
118% O ct
1 1 9 % Deo.
105 Deo.
77 Deo.
76% Sept
3 1 % Aug.
1 2 2 % July
130 Dec.
1 0 8 % Dee,
95
Aug.
63 Aug,
96 S ep t
105 Deo.
109 S e p t
94
Deo.
108% Deo.
95 S e p t
9 2 % Nov.
111 June
112 Aug.
122 % Deo.
117 Dec.
1 2 4 % June
116% June
7 9 % Jan.
8 9 % S ep t
91 S ep t
98
Deo.
33 % Aug.
108
Feb.
191 S ep t
105
Feu.
t121 S e p t
103
July
112
Deo.
1 2 0 % Oot.
t l0 3 S e p t
58 7g S e p t
116% O ot
104% S ep t
108% O ot
j 81% Deo.
109% June
50
Feb.
Ill
Deo.
f 4 0 M ar.

li\S\)K PHICES—(C o fiU n n ^ r -IN A O T IV E BONDS—DEG. 2 4 ,

Y O R K ST*S<■<*
SKOUSi A t

1S9T .

O lo s in g

94

S E C U R IT IE S .

110
’ 78
91

*98

Branawlds & W 'n— le t, g., 4 s . 193&
Bad. R.& P 1 W 8 .-R & P .ls ie s .1 9 2
Rods. A Pftt8.~Oona.lat,Oh. 1922
01 oar.& M&h.—l8 tfKr*.,g ,5a. 1943
Ball, <fe
le t, 58, K ..1913
Burl.Oed.Kap. A No.— 1st, 5a.l90<>
Consol. <fe s rllat. trust, 5 0 ..1 9 3 4
Minn. & 8t. j
1st, 7a, g n .. 1927
'Md. dav.r i» A N „

Bia.

Ask.

........

.........

121%
106*^3 107
107%
1

-----

THE

1214

CHRONICLE

[V ol . L X V

NEW YORK STOCK EXCHANGE PRfCES. —IN ACTIVE BOSD3—(C ontinued)—DEC. 2 1 .
s a o o R r r iis e ,

SECU R ITIES.

Bid.

Bid.

Ask.

Bin

SECU R ITIES.

0 :

Erie—<Oon.)—
Ohio A M iss.—Consol. 7 s ........1898 1033a
■ Ohio— O ol.ACln.M .l8t,4%8.193e
......
91
B ill. it ft. W.—Mortg. 6 s
190S
2d consol. 7 s ............................ 1913
O lot. H R A Bank, —Col. g.Ss.lQS '7
fofiersoti—1st, gu. g 5s ....1 9 0 9 ...... ....
Spring.Diy.— 1st 7 s................. 1905 105%
Osnt. Ry. of G a.—
Toil tiB R . -O s........................1922
43
General
5s............... .................1 9 3 2
1st, prof. lnoome, g-., 5s ....1 9 4 5
........
OnAV A Tiupt..l st 6a. our’ oy 1913
15
14
Ohio River B R .—3 st, 5s........... 193(
102
2d, prof. lnoome, g., 5 s ....... 1945
N.
Y.
A
Gr’
nw’d
L
.—G
u.g.5s,1946
8ia
Gen,
g
,
5
s ................................. 1 9 3 ’
3d, prt-f. tnoome.g., 5s.........1945
Evans. A T .H .— isr, oo as.,6s.i92J 113** I l l ” Omaha A St. Louis.— 1st, 4 s ..1937
83% 8 6 ’ “
Mao. A Nor. D iv., 1st, g., 5s 1946
71
1st, general , g., 5 s .................1941
Oregon Snort Line—
. Mobile D lv., 1st, g., 5s . . . . 1946
Mt. Vernon 1st 6 s . . . ................ 1921
—
Utah A N orrh.— l i t , 7 s _____ 3 9 0 ° '1 2 0
Ce it. ot N. J .— O o m .d e b ., 6 s. 1906
SuL Co. Br. 1st, g., 5s........... 1931
Gold. 5 s ........................
1926 . . . . . .
O e it. Pacific—
„
Evans. A Indian.—1st, c o n s..1921
Non-com. ioc. B. and col. tru st..
E x t. g. 5s, series A B C D ..1898 102
m
3
”
P
en
n
-P
.c.C
.A
8
t.L
Am
.g.4
%
8A
lP 0 ‘ 111%
115**
Flint
A
P.
Mara.—M
ort.,
6
s
...1921
Gold 5s, series F.................. 1898
_
*86
1st, oon. gold, 5 s . . ................. 193f
Do
do
Series B 19421 *111
112
S%n Joaquin B r., 6 s . . . . ....... 1900 ioi%
Pt.
Huron
Dlv.—1st,
5
s
___
1931
81
110%
Do
do
Series
C
1942
tfort. gold 5 s . . . . . . . . . . . .. . . .1 9 3 9
Fla. Oen A Pen.—l s t g . 5s___ 1918 4105
....
Do
do
Series D , 4s, 1945
102%
Land grant. 5s, g................ -.1900
........
1930
.................
191?
1st,
1.
g..
ext.
g.,
5
s
.
.
.
.
.
P
.C
.A
8
.L
.-le
t,0.,7
s
O il. A O. D lv., ext., g. 5 s ...1918
1st oon. g., 5 s ...... ................... 1943 .........
Pitts. Ft. W . A C.—le t, 7s ,. .191 £ 141
■west. Paoltlc— Bonds, 6 s------1899
5*7’ *
Ft. W. A Rio Or.—ls t .g ., 3 -4 8.1928
2d, 7 s ...................................... 1912 140
H i.R a ilw a y (Ca’.t— 1st,68.1907
Ga. A Ala., 1st, pref., g 5 s ...1 9 4 5 i o i % 103%
3d, 7 s ..........................
98
1912 136
......
4 jO-year 5s...........................1918
Ga.
Car.
A
N
or.—1st,
gu.
5
s
,g
.1929
Oh.8t.L. AP.—1st,oon. 5 s,g .. . 1932
dent. Washington— 1st, g., 6s.1938
Illinois Central—1st, g., 4 s ...1 9 5 1 113
Clev. A P .—Cons., s. fd ., 7 s .1900
Chas. A Sav.— 1st, g., 7s.........1936
104%
1st, gold, 3 % s ...........................1951
......
Gen. 4 % s, g ., “ A ” ............. 194?
......
Chee. A O.— Pur. M . fund, 68.1898
G o ld 4 s ....................................... 1952 *102 %
Do
do
Series B 1942
Oralg Valley— 1st, g., 5 s ....1940 *98ia
'9
9
2
-1
0
g
.,
4
s
...............................,1
9
0
4
W srn 8 pr. V a l.,ls t , g. 5s..1941
St. L .V . A T . H .—1 s t ,6 s .,7 s .189 *101
.........
2d, gnar., 7 s .. _ .................... 189? *101
Cairo Bridge—4 b. . . . ............. 1950
Ella. L .A Big Sandy— G. 58.1902 101% 102
■■■**.
Springf. Div.—Conp., 6 s___ 1898 ........ —
0 iloago St Alton— 8 . F ., 6 s ..-.1903 112
G d .B .A I.E xt.—1st,4% s,G .g. 1941
4 Louis. A Mo. R iver— 1st, 78.1900 '110 110 % Middle Dlv.—Reg., 5s........... 1921
Alleg.Val.—Gen., gu., 4s, g.1942 ........
O. St. L. A N . O —
2d, 78....................................1900
N .AC in.B dg.,gen.gu.4 % s .g .l945
..........
Gold, 5s, coupon................. 1951 122
Penn.RR.— 1st real, est g. 4S.1923
St, L . Jaoks. A OMc.— 2d, 7s. 1898
Memp, D lv., 1st g. 4a........1951 *i03%
Cle.A Marita—1st.gu.g.4% s. 1935 *109
MIbs.R. Bridge— 1st, b. f., 68.1912 *103
1051*
Ind. Deo. & W.—1st, g., os___ 1935 *101
U d Ii edN.J. R R .A C .-G en .4s 1914
Ohio Bari. A Nor.— le t, 5s___ 1926 109
Ind. Ills. A Iowa.—1st, g, 4 s ..1939 *85
D. Riv. RR. ABdg—is t,g u .g .4 s.’ 36
Ohio. Barling. A Q.— 5s, s. f.,1901 103%
6 ........ 1..........
.........
Iowa D iv .— Sink, fund, 5 s ..1919
1st, ext., g. 5 s . .........................1943
Peoria A Pek. Union— 1st, 6 s. 19211 1211s3 .........
Int. A G. N’n.—3d, 4 s, g ......... 1921
45
2d m ortg., 4 % s ........................ 19211
Sink— g fu n d ,4 s ............. 1919 1 0 2 %
86
40
95
Kings C o .-F .E l.,lst,5,g.,gu . A. 1929
35
Plain, 4 s .................................1921
Pitts, Cleve. A Tol.— 1st, 6 s ... 1922
2 ........
Lake Erie A W est.—2d g ., 5 s .1941 104
105% Pitts. A L . Er.—2d g. 5s, ‘ 'A ” . 19288 ........ —
Chicago A Iow a D lv .— 5 s ...1905 T 0 4
99
North’ n Ohio—1st, gu. g. 58.1945
100
C lc. A Indiana Coal— 1st 5s.1936 T 0 1 %
Pitts. Mo. K . A Y .—1st 6 s....... 19322 ........
L. S. A M.Sou.—B. A E .—New 7 s .’ 98 1023g ......... Pitts. Painsv. A F .— 1st, 5 s . . . 1916
C l.M il. A 8 t.P .— 1st,8 s,P.D. 1898 103%
6 ........ ..........
Det. M. A T.— 1st, 7 s.............. 1906
2d, 7 3-106, P. D ....................1898
Pitts. Sh en .A L .E .— lstoon.5s. 19433 . . . . .
Lake Shore—Div. bor ds. 7 s . 1899 105%
1st, 7s, $ g., R. D ....................1902 i*40"
Pitts. A West.—M . 5s, g.1891-19411 ____
7 ____
1st, I. A t>.,7s......................1899 140
Cln.A 8.—lst,gu .L .S .A M .S .7s.’01
Pitts.Y ’gst’n A A .—1st, 5s,o on .l9 27
lstpC. A M ., 7 b .................. ...19 03 140
Kal. AU. A w. H .—1st gu. 5S.1938 120
0 _____ _____
Rio Grande Sc.—1st, g., 3-4S .1940
ls t,U . A D .E x te n s io n ,7 s ...1908 142
Mahon’g Coal R R .- l s t , 5 s .1934 120
132
St. L. A . A T. H .—Term. 5 s ..1 9 1 4
106
1st, La C. A D a y., 5s............ 1919 114%
..........
LehighV.,N.Y.—1st gu .g.4% s,1940 103
Bellev. A Car.—1st, 6 s.......... 19233 *103
1st, H A D .,7 s ..................... 1910 133 135
Lelilgh V ’y Coal—1st 5s,g u .g .l9 3 3
St. Louis So.— 1st, gd. g. 4 8.19311 *90^
le t, H . A D .,5 s ..................... 1910 109%
Lehigh A N .Y .— 1st, gu. g. 4 s .1945 " 9 l "
94*
do
2d Incom e.5s. 1931i I ........
Chicago A Paciflo D lv ., 6 s ..1910 122
ElmiraC. A N .,ls t.g .ls tp f.68.1914
do
1st oon. g. 5s .1 9 3 99
80
Mineral Point D lv . 5s...........1910 109
Guar., gold, 5 s......................1914
Car. A Shawt.—1st g. 4 s ___ 19322 *90%
O. A L . Snp. D lv ., 5s............ 1921 115%
Lltohf. Car.A West.—1st 6s. g . 1916
St. L. A 8. F .— 2d 6s, g ., ol. A 19066 114% 1 1 4 %
Fargo A 8 outh., 6 s, A s s n ...1924 120
Little Rook A M .—1st, 5s g . .l 9 3 7
2d, 6s,
olass O ................... 19066 114% 1 1 4 %
loo. oonv. sink, fund, 5s....1916 107
Long Island—
. . . | 95
1st, trust, gold 5s................. 19877
Dakota A Gt. South., 5s___1916 110
1 s t ,7 s . . . . . ..................... .. ..1 8 9 8 101 % 102 %
Ft. S. A V. B. B g .- 1 s t , 6 s . . .1 9 1 00 106*4
MU. A Nor. main line— 6 e. ..1910 112 %
7
_____
Ferry, 1st, g., 4 % s ................1922
85
93
Kansas Midland—1st, g .,48.1937
hlo.ANorw.— 30-year deb.5s.1921 *115
Gold 4 s...................................... 1932
St. Paul City R y, oon. 5s, g ..,1 9 3 77 — TT|___
JSsoanaba A L. S. le t, 6S....1901 110 %
N. Y . A R’way B ,—l t t ,g . 58.1927
Gold 5s, g u a r ....................... .I a 3 7
DesM . A M inn.— 1st,7 s ....1907
2d m ortg- ino.....................1927
St. Paul A Duluth—1st, 5 s ___ 19311 115 |
Iowa Midland— 1st, 88 ..........1900 i i '3 %
107%
N.Y.B.AM1B.—1st con. 5 s ,g .l9 3 5
2d mortgage 5s.........................19177 107
Ohio. A Milwaukee— 1st, 7s.1898 103%
St. Paul Minn A M .—2d M , 6S.1909
123
Brookl’nAMontauk— 1st,6 s .l9 1 1
9 122
Win. A St. P .— 2d, 7s............ 1907
1st, 5 s ................................... 1911 •105
Mlnneap. Union—1st 6 s .. . 19227, ........ .
MU. A Mad.— 1st, 6 s............ 1905
118
No. Shore Br.—1st eon.5s,g.1932
Mont. Cen.—1st, guar., 6 s ..1 9377 124
Ott. O. F . A St. P.— 1st, 5s. 1909 *109%
Louis. Evans. A St. L.—C cn.5s.1939 ' 3 2 "
1st guar. g. 5 s............... ....1 9 3 77 i*10S
northern IU .— 1st. 5s.......... 1910 109%
Louis. ANash.—Cecil. Er. 7 s ..1907 l i 6% 1 1 2 %
East. Minn., 1st dlv. 1st 5 s .19088 ,*IO770 . . . . . .
Mil. L . 8 . A W .— Con.deb.,5s.l907
E. H . A Nash.—1st 6s. g ___ 1919 113
WOnrarASiouxF.— 1
81*......... 110
Mich. D lv ., 1st, 6 s..............1924 133
Pensaoota Division 6 s ........ 1920
103%
San Fran. A N. P.—1st, g .,'5 s .l9 1 99 *104 1 •
Ashland Division— 1st, 6 s 1925 143%
St. Louis Division, 1st, 6 s ...1921
8av.Fl. AW'e8t.—1st, oon. g.6s. 1934 _____ 1..........
87
Oh. R. L A P — D .M .A F.D .lst4 s,19 05
2d, 3 s......................................1980
Seaboard A Roanoke—1st, 5 s .19266 _____
68
l i t , 2% s............................... 1905
Nashv. ADeoalur—1 s t,7 s ..1900 *107
Seat.L.S .A E ast.,lat6s,asst.p d l931 . . . . . . 40
Extension, 4s.....................1905
Southern Pacific Co.—
B. f .,6 s —8. A N. A la .............1910
Keokuk A Dos M .— 1st, 5s..1923 106% 109%
50-year 5s, g .,......................... 1937 *100
Gal. Har. A San A n t.—1st, 6 s . 19100 *105
Oilo. St. P. A M inn.— 1st, 6 s .. 1918 *180
Pens. A A t . - 1st, 6s, gold. ..1 9 2 1 105 108
2d mort., 7 s ................. .........1905
101%
St. Panl A 8 . C.— 1st, 6 s....... 1919 *130
CoUat. trust, 5s, g ................ 1931
Hons. A Tex. C. W aeoAN .7s.1903 1 2 5 “ . . . . . .
lu 2
Olio. A W . In d .— 1st, s. f., 6 s .1919 *105
L .A N . A M .AM .—ls t.g .,4 % e l9 4 5
1st g., 5s (lnt. gtd).............. 19377 ........ 113
Gen. ga 6 s............................... 1932 120
Nasb.Flor.AS.—1st, gu., 5 s .1937
Cons. g. 6s (lnt. g t d ;..........1912 108
110
89
Ohio. A WOBt. Mich.— 5s.........1921
So.A No.Ala., oon. gu. g., 58.1936
Morgan’s La. A T.—1st, 6s. .1 9 2 0 114
93 %
Om Ham . A D . — C o n .s .I.,7 s .l9 0 5
Kentucky Central— Is, g ..1 9 8 7
1st, 7 s ...................................... 1918 129
90
Sd, gold, 4i«s..........................1937
L. A N.—Lou.C.& L.—g. 4% s. 1931
Oregon A Calif or. 1st, 5s, g .1 92 7 *77%
Olr. D. A Tr’n— ls t,g n . 5s,g.l941 111
Lou.&Jefl.BdgeOo.—Gu.g,4s 1945
Texas A N ew 0rlea nslut.7s.1905
O lty A S n b . (B alt.)— 1st,g.,5s,1922
Louisville Ry—1st, con.,g.,58.1930
Baotne Division, 1st, 6 s . . .1 9 1 2 *105
Olev.Ak. A Col.— Eq. A 2d 6S.1930
Mexican Cent. Consol.—4s, g.l91J
Consol. 5s. g .......................... 1943
97
GLev.ACan.— Tr.ctfs.forl8t58.1917
701* 71
1st, eons, lnoome 3s, g ..,...1 9 3 P
Southern—A la. Cent., 1st 6 s .1918 . . . . . .
0 , 0 . C. A S t. L .— Gen., g. 4 s ..1993
86
2d eons, income 3s, g ..........1 9 3 9
A tl. A Char.—Income, 6 s .. .1 9 0 0 .........
Cairo division, 4s.................. 1939 89
92
Mexioan Internat. - 1 s t , g. 4S.1942
Colurn. A Green.—1st, 5-6s 1916 *118
Spring. AC oLD lv.— 1st,g. 4s. 1940
Mex loan National—1st, g., 6 b. 1927
E. Tenn.V. A G a .-D iv la .5 s 1930 116
W hlteW .Val.Div.— lst.g. 4s. 194C "8 3 "
2 d ,lnoome, 6s, “ A ” ............... 1917
Rich.A Dan.—Eq. s. 1. g. 58 .1 9 0 9 -------- 102
Oln.W ab.AM .Dlv.— Ist,g.4s.l991
92
2 d , Income, 6s, “ B ” ............. 1917
Deben. 5s, stam p ed _____ 1927 . . . . . .
Oln. I. St. L . A C.— l 8t,g.,48.1930 1001*
Miohigan Central—6 s ............. 1909 123
Vir’a Mid.—Serial ser.A , 68.1906
Co 8801,6 s ............................... 1920
Series B, 6 s . „ . ......................1911 . . . . . . .
Coupon, 5 s................ . . . . . . . . . 1 9 3 1
127 128
Oln.San.ACl.— C on.lst,g. 6 s, 1928 1 1 0 '
Mortgage 4 s .............................. 194( *108
Series C, 6 s...... ..................... 1916
Indiana B. A W .— 1st pf.7s.1900 107
8eries D , 4 - 5 s .............
1921
B atC.AStrgis.—Ist,3 s,g .g u .l9 89
Ohio Ind.A W .— lstp re f.5s..l93 F
Minn.A tt. L.—1st, g. 7 s . . ____1927 140*
Series E , 5 s ........................... 1926
Peor. A East.— Income 48 ..1990
20
Iowa Extension, 1 s t,7s....... 1901
Series F , 5 s . . . . ______
1931
C. Col Cln. A Ind.— 1st, 7a,a.f.l899 105
Southwest Ext. -1 s t , 7e____1910
Gen.. 5s, guar., stamped .1 9 3 6 103
..........
Coneol. Blnk. fund, 7 b .......... 1914
PaollloExt.—le 1 ,6 s .. ......... 1921 122
W ash .0. A w .—1st our.ga.4s. 1924
Oln.ASpr.— 1st,C.O.C.AI.7S. 1901
110 % M o.K .A T e x .—1st, ext., 5s, g .1944
Sunbury A Lewis.—1st, g .,48.1936 . . . . . .
Oleve. Lorain A W h.— 1st, 5a.1933
104%
Mfo.K.AT.of T e x .lst,g u .5 s .g .l9 4 l
Ter. A s’n of St. L .— 1st, 4 % s .l9 3 9 *110
Oleve A Mah. V .— 1G old, 5 b . ..1938
130
Kansas City A P .,l e t ,4 s ,g ..l 9 9 f
1st, oon. g. 5 s................ 1894-1944 *108
67
Col. Mid. le t, g., 6 s, asstfi___1936
St.L.Mer. Br.Teni) ,g .5 s ,g a ..l9 3 0 *100
Dal. A Waco—1st, 5 s ,g u ... .1940
'78
..........
T r . otf»„ oon.,4s,2d ass’tpd.1940
19
Missouri Paoiflo—Trust 5 s .. 1917
Terre Haute Eleo. R y —g ., 68.1914
70
Del. Lack. A W .—
Is tc c U -.S s , g ...........................1920
Tex. A Pae., E . D.—le t, g. 6s.l9oii *109%
•65
Mort. 7s.........................
1907
«
•
Mobile A Ohio—1st ext., 6 s ...1 9 2 '
119* Third Avenue (N .Y ).—1st 5s, 1937
124%
Syra. Bing. A N . Y . — 1st,78.1906 125%
St. L. A Cairo—4s, gu ar.....1 9 3 3
T.AO.O.—K a n .A M ., Mort. 4 s .l9 9 0 *77 | 79
Morris A Essex— 1st,7 b___1914 140% 141% Nash. Chat. A St. L.— 2d, 6s .1901 ■32
75
72
Tol. Peo. A West.— 1st, g., 4 s .1917
Bonds, 7s..............................1900 109%
N. O. A. No. B .- P r . 1., g „ 6 s ..191 f
Ulster A D el.— 1st, oon.,6.,5s 192F 1 0 1 % ’
T* of 1871............................ 1901
N . Y . Central.—Deb. g. 4 s ___ 1905 103%
Union Elev., Chic.—1st, s . 5S.1915
1st, con., guar.. 7s............ 1915 141
N. J. Juno—Guar. 1st, 4 s . ..1 9 8 0 *104
Union Paoiflo—1st, 6s . . . . ___ 1896 102 % ......
_ W wren -2d, 7 e ..................... 1900 •108
Beech Creek—1st, gold, 4 s ..1930
1st, 6 s .......................................... 189* 102% ........
D.
sH .Can.— Pa.Dlv.,coup.7s,1917
•145%
Oaw. A Rome—2 d ,:5 s,g .,g u .l9 1 5
1st, 6s ...................................... 1891- 103 11031*
Albany A Snsq — 1st,gu.,7s. 1906 *123%
103
Utloa A BL R i v . ^ s , ^ , ’10.1925
Ooliaterai Trust, 6 s........... ...190)1901- 102
1 s t,cons., gnar.,68.......... 1906 116%
N. Y . A Put.—1st, g.. 4s. gn 1 09?
Collateral Trust. 5 s........... . 1 9 0 " __ir_ ___
“ e r s A B a r . let, 30up.,7s.l921 144
___
N
.Y
.
&
Northern—1
st,
5
s
,g
.l9
2
7
Kansas
Paciflo—
1st
6e,
g
.._
..189c
1
8
9
f
Den Tram w ay— Cons. 6s, g.1910
N, Y . N. H. A B .—1st, rev. 48.1903
___
1st, 6 s, g . .............................„1
.. 1889<
9’
sietropol. R y — lBt.gu. g.6s,1911
___
Hoasatonlo—Cons,
gold
5
s..
1937
O.
Br.
U
P
.F
.
0.,
7
s
...........
189
123
..1
8
9
'
*50
D e n '. A R. n - I up g .,5 s ...1928 *85
__
Atoh. Col. A Pac.—1st, 6 s ...1901
*30
36
..1 9 0 f
N .H av’n A D erb y,C on s.5s.l918 112
Des Moines U n .R y.— Itt,g.5s.l917
N. Y . Sasq. A West —2d, 4 % s .l9 3 7 ___ 85
U. P. Lin. A Col.—ls t .g ., 5s.
1911
s. 191*
35
33
Det.M. A M .— L . g.
s,ser.A,1911 •17
18%
Wabash—Debenture,
Ser.
A
..193S
.
.1931
B a .............. 1943 108%
Det. A Maok.— 1st Uen, 4s,g.. 1996
Debenture, Series B ..........,.1 9 3 »
29
91% 93
26
Whlk.A E a s r .-le t,g td .,g .5 s.l94 2
4s. gold..................................... 1995
Northern Pacific—
Det, A Ohio. E xt. 1st, 5s,
.1941 0 i%
Erie— 1M, e x t g. 4s....... .......... 1947 1 1 1 % 113
St.Panl A N. P.—Gen., 6 s ..1 9 2 3 127% 130%
St. L .K .C.AN .—8t.C. Bdgt 8.190> 108
2d .extended, 6b ................ ..1 9 1 9 119%
__ _
.194:
942
8d, extended, 4%s..................1923 i i 3 % ' . : : : : ; Norfolk A South’n—1st, 5 s ,g .l9 4 1 104% ...... West N .Y . A Pa.—lnoome 5 s...1
___
Norfolk A W est.—General, 68.1931 124% 124% West. Va. C. A Pitts.—1st, 6 8
s..1
191
91'
4th .extended, 5s................... 1920 119%
New
River
1st
6
s...................
1932
102%
W heel.AL .E.—1st. 5s, g o ld ,..1
92(
. .192(
* th , extended, 4s....... ............1928 103
Im p. A E x ^ 6s ........................ 1934
• 95
l i t , c°n., g r d , 7 B ...............1 920
Wheeling Div., 1st, 5s, g . ...1
. 1928
928 *
Extension A Im p. g., 5s____
Col. Conn. ATer.. 1 st ,gu. g. 5s. 1 9 22
193<
„.193<
B. W. 1 . A E — 1st. 7s.......... 1916 139%
; co

....

....
....

.....

SolotoV.AN.E.—1st, gn.g.48.1 989
• No price Friday; these are the latest quotations made this week.

*88% ” 84** Wifl-

..1 9 3 7
...1

4%

7

THE CHRONICLE.

D ecember 25, 1897, j

|uucstmeuf

R oads .

Latest Gross Earnings.
Week or Mo

AND

1897.
$

In.& Gt.North*!) 3d wk Dec.i
tlnteroo. (Mex.) Wk. Dec, 4

flailroad Intelligence,

Iowa Central...
Iron Railway...
Jack. T . & K . V i .
Kanawha&Mieb
K.O.F.Scott&M.

RAILROAD EARNINGS.
T he fo llo w in g ta ble sh ow s th e gross earn ings o f every
s t e a m railroad fro m w h ich regu la r w eek ly or m o n th ly retu rn s
ca n be ob ta in ed . T he first tw o co lu m n s o f figures g iv e th e
gross earn in gs for the lat est w eek or mouthy and the last tw o
c o lu m n s th e ea rn in gs fo r th e period from J a n u a ry 1 to,a n In clu d in g su ch latest w eek or m on th .

K.C.Metn. &Bir,

3d wk Dec.
November.
October...
2d wk Dec.
•2dwk Dec.
2d wk Dec.
Novemb’ r
2d wk Dec.
2d wk Dec.
2d wk Dec.'
W wk Dec.
O tol>er.
2d wk Dec.
Novemb’r.
October...

Kan. C.N. W.__.
Kan.City & Om.
K.C. Pitts. & G..
Kan.C. Sub. Belt
Keokuk & West.
L. Erie All A So.
L. Erie & West.
The returns of. the street railways are brought together sep | Lehigrb & Hud..
Lehi*rh VaLRR.
$rr, ic y on a subsegiien t page.
i Lein V , Coal Co. O ctob er...

1896.

Jan. 1 to Lai

1897.
$

87,225
99,807 3,531,213
54,800
42,8501 2,432,310
37,849
29.885 1,673,579
3.750
3,283
35,256
22.606
24.834
248,556
9.649
9,687
501,433
85,8-7
81,382! 4,627,776
32,672
28,699 1,124,945
28,893;
323,290
37,089
5,544
3,169
229,203
59.786
21,'*35' 2,292,655
475,50 ‘
6,979,
4,884
7.326;
386,060
7,998
7,380.
51,331
5,885,
69,198
63,0® 9 3,2 5,393
41,98;*
32,08s;
351,218
343,539 2,117.217

Lex’ irtonArEasi. October. . .
17.417
13,747
173,157
Lom?Island RB.
307,8110 £75,565 3 ,806,558
Long Is. System October . . .
380,795 3 33,444 3 ,892,966
85,865
6,597
Novemb’r.
4,581
L ou ia.E v .iS t.l- 2d wk Dec.
27,319
S
1
*
2 4 ,1 7 ' 1,388.337
*
£
Lou.
H.
&
St,
L.
2d
wk
Dec.
9,922
8,539
17,384
170.264)
165,332
485,058
O ctober.. . j
15.693
3-.6-57 1 ,552,403' 1 ,432,040 Louisv.&Nashv. t d wk Dec. 4 5 8 ,0 3 0 4 3 ^ 9 1 0 19,803,221
Ala. OH. South.. 2d wk Dec,1 42,015
6.020
60,378
6,580
62,698
62,8 3 2
568 ,0 8 6
521,303 Macon & B irm .. Novemb’r
Ala, M idland. . . O ctober. . .
M anistlque,._„. Novem b'r.
2,335
105,720
2,194
Memnhis&Chas
3dwk
Nov,
38.075
52,400
32,637 1,223,072
44.2 0 0 1,167,576; 1,191,835
Uhwk Nov
iMfexicao Cent.. 2d wk Dee. 277,950 223,221 12,162,278
35, 00
22.8u0
528.520
533,631
A la . A Vick«b. Itltwk Nov
242,188 2 14,844 2 .2 59,747
30,4 0 0
24.400
4-'3,027;
r>0*,79« Mexican Inter*!. Nl-pttMl! il lVicks. Sh. m l’ 4thwk Nov
93,5 >4 5,696,914
205,402 2,088,931 1,965,290 IMex. National. 2d wk Dec. 117,581
October. . 262,494
4 9 8 ,1 4 '
5 6 .-3 1
41,967
27.141
25,769 1,2- 1,64.6 1 ,120,930 Mex. Northern. uoioii^r.. .
3d wk Dec,;
72,000
18,9 i 2
71,0 0 0 3,474,754
10,880
90,520]
75,9 0 0 i Mexican R’ way Wk. Dee. 4
Ark. M idland-.. October. . .
13,130
14,225
624,325
AtCb.T. A S.Fr.r O ctober.. 3,695.379 3 ,302,69 i 27,361,461124,847.367 Mexican B o ... . . Ithwk Nov
33,173
143.490
36,207 2,08 ’,283
149,902 1,213,081 1.110,070 M lnneap.*St.L. 3d w k Dee.
Septcenb'r.
28,016
203,105;
259.101 M .S tP .& S .S tM . *2 d wk Dec.
78,180
22,593
79,614 3 ,7 48,893
NoVeuib’r.j
Mo. Kan. * Tex. 2d wk Dec. 283,432 280,937 11,349,155
53.4*38
54, 68
453 .5 0 0
420.601
Atlanta A W . V O ctober...
12.475
519,057
5 2 0 1 1 0 Mo.Pao.&IronM 2 d -wit l>ec. 5 47,000 444,00* 23,500,001
1 3,8 *7
Allan. A D a n v . 2d wit Dec.
Central Br*oh. 2d wk Dec.
19.010
1,068,000
19,00(
16, 111
26,689
140,658
2 17,065
Austin A K* ireei October.
Total............. 2d wk Dec. 500.00*
4 0 3 ,00< 24,568,00*
Balt. A Ohio — Noveiub'r.i 2,250,077 2 ,183,216 2 3 ,0 9 1 ,0 9 9 2 2 ,7 5 8 ,1 6 8
40,151
36,142
130,439
277,133
115,422 6 ,1 1 0 7 1 -' 5,8 2 0 ,9 8 2 M o b ile s Blrm .. Novemb'rBal. A O. Sou’ w.
3 90,550 354 ,8 3 0 3,612,47:
10,374
Bath A Hain*Qi!s
10,590
29.2001
29,466 Mobile & O hio.. Novemb’r.
4 .243
2,506
23,351'
21,533 M iint.4 M ex.till O ctob er...
117,868
101,992 1,161,800
Bir. * Atlantic N i) \emb’ r.
408 ,4 5 0
Brunsw’ kAW eat October.. .
60,001
403,768 5,1.02,550
479,' 48,
503,'*66 Naeh.Oh.&St. L. Novemb’r.
53,8 5 8
13,114
7 2 ,4 8 6
57,668 3,303,0261 3 ,197,735 NeL A Ft. SU’p’o Goto tier.. .
7,718
Bolf.K i»u.APltt 2d wk Dec,
4,305
65.0 7 4
60,4 2 0
3,498
33.310
Buffalo A Boaq. Octol«,*r...
512,4451
444.016 Nevada Central O ctob er...
8 7 ,9 -0
98,094 4.0 9 3 ,3 6 2 4 /2 55,258 N .Y .C . & a . R .. No* oojb'r. 3,960.753 3,882,318 41,934,547
Bar.C. Hap- A N 2d wk Dee.
73.254
61,694 3,763,876
Oanadlanf*acide 2d Wk Dec. 545,000
443,000 22,802.342 19,579 720 N Y . O n l * W . . 2d wk Dee.
5,185
210,654 2,036/279
5 ,435
54,232]
55.3 6 0 N.Y.8U8Q.& tV .. Novemb’r.
220.601
Car. Mid land.. . Novem b'r..
126,126 5.083,187! 5,014,781 -Vorfolli & W est 2d wk Dec. 256.307 250,071 10,393,538
Cent, ot Ueontto 2d wk Dc« . 121,779
9/228
8/295
52,086
Central of X , J . O ctob er... 1,230,733 1,263.807 10,4 HO.5 1 1 1 0 ,485,733 Nortbefi’xKGa.). O ctob er.,.
36,201
41,434
Central Pacific. Oetolajr... 1,52 ,391 1.320,358 11 ,6 3 2 ,0 5 8 110,438,892 Northf'S’ n (8 .0 .) J u n e .,___
GbariAftt’ nASav. D<: to In/r...
42.323
645,636 655,250 5,531,077
4 1 ,8 2 6
507,217 i
466,227 North'n Central O ctob er...
North’ll Pacific - 2d wk Dec. 309,312 3 5 8 .7 8 . 20,021,517
43,0 1 2
37,324
Char. A W . Car fuller . . . . .
20,687
924 670
2 12.044 234,419 10,643,992! 0 ,8 25,213 Ohio River......... 2d wk Dee.
17,178
18,021
17,591
168,108
O ctober.. . 1,357,251 3,773,809 3 2 ,6 1 0 ,4 i2 ‘ 2.4,3 9 » ,093 OhioRiv.&Chas Novem b'r.
73,443
032,706
9 5 ,4 9 0
33,823
85.245 3,890/270! 3/8 6 ,2 7 1 5 Ohio Southern.. Novemb’ r.
2d wk I)ee
13,883
651,505
12,404
1H.441
90.485 4,8 7 8 .1 0 3 4,4 4 2 ,9 8 2 OuuKiUt. G. & E. Isiwk Dec.
2d wk Deo.
Oregon Im p, Go. O ctober...
.r-8 ,t *3
349,< 02 277,383 3,251,60(1
55,748
10 4,09s 5,323,761
590,529 31,295,186:30,530,911 Oreg.BR,&Nav. 2d wk Dee. 124,434
O h ic.M li.tS D P 3*1 Wk Dec, GO568,858 570,009 4,890,209
Cole. A N ’ thw’n. Xovem b’r . 3,201,711 3,478.,833 30 ,7 9 3 ,0 6 0 29.731',715 Oreit. 8h. L ine.. October. ..
293.553
66,2 v1
3 3 7 ,10W 3,514,327
7 .,8 8
741.989
8 09/209 Pacillo Mail....... O ctob er...
Ctito.Peo.AHt. IT Novemb’ r
Novemb’ r. 1.6 H , 731 1,201.636 15*324,788] 14,184,568 Pennsyivauia.; October.. - 5.990.776 5,596,878 52,785.348
Ohlc. K-* I . A l ’
8 59,459
10,8--3
17,452
1 ,0 -7 .3 6 7 1,117.261 6,934,876! 0,744,772 1'eon.iiJec.iVLv 2dwk Dec.
OWe.Bt, P .M .* 0 October.
-PeteraburK_____ O ctober...
45.972
41 901
477.135
21,510
23,3 id
OUto.Ter.Tr.RK. istwk Deo.
33,722
538.062 527.501 3,7 5 9 ,8 9 3
26,8 2 0 1,56 7 ,6 -3! 1,555,015 Phil a. & Er ie.. .. O ctober...
OWe. Je W. Mich. a i « i i i i « .
15.470 1,101,9X8;
937,915 Plilla. & Bead... O ctob er.-. 2,184,454 2 092.93* 17,441,119
Oboe. Ok. A G«M Istwk Dec.
22.V58
Goal & Ir.C o .. O ctober... 2 505 170 2 767,852 L8,196,486
5,139
4,882
C3&.OA Porta* tb Noveujd’ r.
Tot. both Co’s. O ctober... 4,689,624 4 ,8 6 0 7*3 35,637,605
d n , x j j . & t . p No vein b’ r . 335,482 2 80,248 3 ,3 18,508 3,0 6 7 ,5 6 8
09,039
538,671
11,420
64,506
16,381
031,84
675.336 Ph. Read. A N .E . October.
Ctev.Oan. A ho.„ 2d wk Dec.
736,981
799,281
O te tA j 1, ■ B&J 2d Wk Dec. 2 *7,466 2 67,650 13, >12,9^6 12,342,3*25 Phil. Wllin. i B. O ctob er...
]4H,309 114,394 1,583,853 1,558,022 Pitts. C.C.A8t.L. Novemb'r. 1,384,294 1,098,62b 13,580,709
POO. A KiMlffi tovem b'r.
■1,971
42.443
37,363
3,370
20,1 9 9 1,311/215 1,211/224 Pitta. Cisb.AVV'n Novemb'r.
2d wk Dec.
75.149
53,704
56 J.998
November.
119,888
159,618 1,585,815! 1,685.221 Pitts, Bes. & L ,E . Novemb’ r.
Pltteb.
A
Wea’
n
31,749
2d
wk
Dec.
1,042,635
21*3.613
2,270,973
2,2
7
4
,0
9
3
2
6
,-3
3
253,951
Cot. 11. V. A T o L Novemb'r.
Pitta. U1.4Tol. 2d wk Dee.
18,577
818,494
12,13
6,841
71,830
Col. A Be*1Mouw t
Pitts. Pa. 66 F . 2d wk Dec.
8,008
4,282
355,048
49,826
348,871
342,909
4 6 jm
4 wlia June
Total ayatein.. 2d wk Dec,
58,334
2.500
42,651 2,853,521
1,300
21,455]
17,991
Oeh-tna Lmke.. N ovem b'r,
158,705
1 5,984 1,381,397
1,309
540
11,171.
9,280 Pitt.Y ouuk.A A. Novemb’r.
O ctob er...
Rich.Fr’ ksb <feP. O ctob er...
54,583
54,426
5 88.239
86,273
687.791
695,208
73,233
O ctober..
Rich.
A
Petersb.
26,932
27,752
October.
.
.
2W3.683
7,360,538,
7
,0
1
3
/2
6
0
121,000
3d wk Dec, 1 8 8 .1 W
7,911
362,614
3,019
9.728
116,714!
111,008 Rio Or. South'n. 2d wk Dec
2,689
Rio
Or’de
West.
3d
wk
Dec.
2.858,078
57,600
40,250
3> ,-8 6
36,832
3 9 1,2 3'
400,502
Dm. M. N. A W .. N'ov'oujtPr.
22,00(
18.800 1,090,363
20,378 1,213,158. 1,126,469 St,Jos. A G r. I ... 2d wrk Dee.
8t.L. Ch,A St. P. Novem b'r.
a ■37
30,01*0
272,603
25.772d wk Dee.
60,142
8,2 00
6,000
334156
400,628
3 56,850 tft.L.Ken'et*So. Novemb’ r.
19,267
October.. .
St-L.&Hau
Frau.
127,556
103,550
lstw
k
Dec.
6,087,037
235.811
October.. .
120.981 2,463,102' 1.920.193
132,600 4 ,6 28,114
26,308
24.535 l,61t,227| 1 ,8 37.807 8LL. Southweat 2d wk Dec. 123,500
DiiutbH.a.AAC. 2*1 Wk Dec.
102 418 1.490,080
187,629
1 .0 ,4 6 1
93,401 1,071,73s) 1,191,173 St. Paul A DuL- Novem b'r.
170.801
255.535 1.650,017
October. .. 3.209,293 3 ,0 9 -^ 9 4 27.387,757 25.921,987 San Ant. A A . P. O ctober. . .
SanFran.
4£
N.P.
07
990
58,524
4
,499
7 46.336
Siovemb’r
.
5 3 ,3 3 1
5 0 /9 7
4,681
E areka 8 or 1ag<i. October. . .
02,941
52,077
274,521
279,041 S.Fe Pres. 4t Ph.
5,031
SNFAnMkuuTpU* 2d wk Dec.
299/122
3 ;0 441 2 ,8 1 4 ,7 7 i
2,451
1*396
51,713
73,55 L sav. Fla. A West. October.. .
05/271
59,064
20,632 1,050,3571 1.016,030 Seab'd A; R’ nke- J u ly ..........
22,861
2d wk Dec.
12,894
1 3 ,8 0 /
290,888
725,849 67«,70J 8 ,062,' 51) 6,068.099 Sher.Shrev.ABo. 4 tliwk Nov
October..
12,9 7 4
16.882
161,819
5^,7 01
53,472 2.642,742) 2 .48 2,280 SU. bpi-B. O. A G. October. . .
2d wk Dec.
...........
Novemb’r.
7
0
4
1
Silverto
n
5
,0
0
0
4 6,009
3 9 ,9 -3 2,212,381 1.975.511
43,502
42,476
222,985
31,0 5 0
3 2.9 2 1,118,668
910,782 Sioux C. & Nor. October...
FkW ’ thADeo.C
24 742
1,899
2.599
17,697
10,361
3*7*210
3 11,734 Bo. Ha veil A East Novemb’r.
Ft, W, A Rto Gr. 2d wk Dec.
769
7,«46i
9,738 8 0 . Paolflc Go.
827
November
G
aLHar.AS.A
286,131
533,047
O
ctober...
3,601,611
35,850
36.002 1 ,5 1 8 ,-1 5 1,473,197
Louls’a. West. O ctob er...
739 845
21,528
106,916
19,155 1,0 5 0 ,0 4 7
822,327
25.196
2d wk Dec.
MorKan’eLAT. O ctober...
223,100
630,913 3,987,194
90,9 5 2
7-> i,5 3 ll
687,' 57
281.301
N .Y .T .A M e x . October.. .
36.925
33 133
74,650
794,189!
905,614
60,738
0 e o . do. A F la..
Tex. A N . Orl.- October.. .
79,3431 130 9 1 1.192,801
. 8 ,-9 i
32,653 1 ,8 81.133 1,819,917
Or. Rap. A L nd..
0 45,068 1,481.730 9 955 037
A tl. Prop’tea.s O ctob er...
7,595
7.97-2
383,828!
377,149
Paottle system October.. . 3,355 575 3 ,2 2 8 ,7 9 4 28,340 070
532
3 /,5 9 5
43/240
828
Total of all J O ctober... 4,430 934 5 ,179,912 41,1 8 0 930
2,226
111,486;
1.15,509
1,602
2d w k Dee.
8
0 . Fao. ot Cal. O ctob er...
916,769 949,172 8 395.835
42,983 2,417,012 2,3 5 5 ,8 2 0
48.919
196,030 2 * 4 > 9 3 2 071.027
8o.Pao.ofAriz. October.
4 * 2 ,4 3 6 428.572 22.269,14(1 2 1 ,' 34,014
SO.Pao.oIN.M
98,623
106 127 1,096,937
64,102
O
ctob
er...
63,919 2,913,981] 2 ,982.097
Chic. Jk Gr. Tr
Northern R y.. October...
220,484 236.120 1,873,049
17.980
919 ,9 8 4
904,398
18,711
2*1 w k Dec.
416,005
Southern
K
y___
2d
wk
Dec.
18,735,891
4
33,111
2
,7
3
9
2,367
11 6 ,3 0 0
121,297
2 d wk Deo.
49,521
44,089
518,673
1,646
108,155'
79,2 9 4 Spok.Fls AN or O ctob er...
2,589
ToL8.-tM.iHk. *2d wk Dec.
Stony 01. AC. Mt. O ctob er...
1,958
1,801
32 803
66,310
79.282
3 3 3.8(L
1,855,885 1.648,388 15,161,805114,493,391 Suifflajit Branch. M ay...........
St, F. M . A M
67,049
66,881
330,649
Lyk.
Val.
Coal.
213,937
1,817.118
1.796,104
M
ay...........
290.985
117,958 1,088,816
141.707
Tot’l both 0 o ’t> AtllfURi: . . .
163.974 1,887,287. 1,760,205
195,567
11,959
7,755
320.015
2,342,43* 2.010,29 J 19,866,240! 18,054,700 Texaa Central.. 2dvrk Dec.
Tot, system
189,694 7 ,009,830
118,078
87,285 Texas & Pacific. 2d wk Dec. 211,607
10,242
14,053
€Pif B 'om tA K. 0 , Novemb'r.
Septemb’r.
4,569
3,597
6,490
44,705
42,732
Tex.
8.
V.&
N.W.
G olf « Chicnico
30.439 1,660,542
36,322
3,737
40,6 4 7
80,509 Tol.AOhloGeuL 3d wk Dec.
5.193
W est.. IrtfcwkDee.
20,187
18,732
874,746
3 8 0 ,6 *1 466,389 2 ,879,317 2,932,811 T ol.P .
40.292 2 ,166,599
43,292
Illinois Central f iNt>vem b’ r. 12534*27 * 186956b 122138724 t 19686775 Tol.St. L .& K .C . 2d wk Dec.
36,591
Onion
Paoltlo—
36,017
025.073
62^.328
Union P. K R .. O ctob er... 1,798,7891 .0 9 4 ,0 8 7 13.307.419
63.329
60,636
In i. HL * Iowa October...
Latest Gross Earnings.

Ro a d *.

Week or If*

1897.

1896,

Jan. 1 to Latest Date.
1897.

1896.

.

........
__

166,0833,< 9 4 ,4 4 3
3 ,7 7 3 ,8 4 6
78,5 4 8
1 ,4 3 3 ,1 1 0
4 3 1 ,6 7 2
19,286,595
56,5 0 3
1 10,038
1 ,1 3 M 7 2
9 ,6 0 7 ,1 6 5
2,1 1 0 ,0 1 3
4 ,8 8 6 ,5 8 0
625 ,1 1 1
2 ,9 8 9 ,1 0 9
5 0 0 ,7 9 4
1,949,777
3 .5 3 4 ,0 6 0
11 ,1 5 4 ,7 4 2
20*815/269
7 3 4 ,1 7 2
2 1 ,5 4 9 ,4 4 1
8 0 1 ,2 8 9
3 ,3 4 8 ,6 2 8
935 ,1 7 9
4 ,5 7 1 ,0 1 6
2 9 .7 3 7
4 0 ,2 36,861
3 ,6 9 6 ,0 1 6
2 ,0 6 7 ,7 5 3
1 0 ,5 1 4 ,6 7 5
5 2 ,0 4 4
5 ,2 1 4 ,5 8 6
1 8 ,0 8 ’ ,128
929 ,4 0 7
168,518
658 ,8 4 1
56 c, S27
2 ,7 2 0 ,5 6 2
4 ,4 6 0 ,8 0 1
4 ,5 7 8 ,8 0 5
3.2 5 5 .5 7 2
51 ,6 5 7 .8 4 8
8 1 4 ,5 4 7
4.06,592
3,6 8 4 .6 8 1
1 7 /2 9 1 ,3 2 6
18 ,9 3 6 ,6 8 8
3 6 ,2 2 8 ,0 0 9
5 7 8 ,0 2 9
1 3 ,2 0 8 ,6 8 3
30 6 8 6
5 8 9 .9 5 7
1,634.419
7 2 9 .2 8 2
3 6 3 ,8 1 9
2 .7 3 4 .7 2 2
1 .3 1 3 ,2 0 9
593 ,4 6 5
2 8 8 ,0 5 6
4 3 1 .9 9 0
2 ,3 3 3 ,3 8 2
676 ,9 2 2
2 7 2 ,3 4 7
5 ,6 3 9 ,5 1 0
4 ,6 0 2 143
1.4 3 0 ,0 5 6
1 ,606,811
693 511
2,8 2 2 .5 6 S

._ ___

272,845
1 6 1 ,5 2 8
1 8 4 ,3 3 0
2 5 ,8 6 3
4,135.9987 4 5 ,7 7 6
4 ,0 8 1 ,6 5 5
219 .4 0 3
1 .106,714
10,401,48826 435 ,9 4 7
3 9 ,8 18,041
8 ,2 8 9 .8 0 5
1,8 4 0 ,1 6 5
935.023
1.840 29017,772,885
356 .9 9 5
37.181
404.815
370 ,0 2 7
1.182,008
275 ,2 8 9
6 ,3 7 8 ,7 1 0
1 ,7 3 6 ,2 5 2
8 8 7 .6 1 0
2 ,0 0 3 ,4 4 7
11.843.361

THE CHRONICLE

216
Latest Gross Earnings,
R o ad s.

Week or Mo

1897.

I Jan 1 to Latest Date
1896.

1897.

1896.

$
$
$
/n.Pao.— (Con.)
7 3 3 .5 8 0
1 9 ,0 0 0 1 1 ,068,000
19,000
Cent. Branch 2d wk Dec.
▲ob.Onl.ft P. I |O ctober...
270,321
36,206,'
421 ,9 9 6
48,503
Aoh.J.C.ftW s
621 .5 8 0
924,,925
80.198
103,547
Cen.Br.&L’dL 1O ctober.,.
Gr’d total.*e October. . . 2,111,066 1,930,831 15,703.,334 13 ,525,722
,963,6*8
3,364,
,883
2,
73,204
60,793
U n.P .D en.& G .. 2d wk Deo.
Wabash............... 2d wk Dec. 2 50,413 222,689 11,637,,465 11.,444,431
211,262
182,,729
37,054
21,523
Waco ft North1
w O ctober...
178,112
159,991 2,239, ,903 2 ,256,200
W.Jersey&Sea’c O etooer...
96,1
4
2
91,353
W.V.Cen ft Pitts Novemb’r.
291.662
293, 574
35,3 4 5
38.208
West Va. ft Pitta. ISeptcmb’r.
469 ,6 7 6
489, 136
67,813
45,336
Western of Ala. >otober. . .
65,300
51,9 0 0 2,977, 268 2 ,916,164
West. N .Y.& Pa. 2d wk Dec.
,240,165
1.125,
447,
1
25,158
34,648
Wheel, ft L. Erie 2d wk Deo.
39,532
3 8 ,9 7 7
Wil. Col. ft A uk J u n e .........
70,529 4 ,4 1 7 ,0 2 8 4 ,1 77,109
85.373
Wisconsin Cent. 3d wk Dec.
80,6 6 8
84,750
8,289
9,158
Wrights v.ft'fen. Novemb’ r.
58,315
57,568
7 ,9 2 2
7,963
York Southern. ‘O ctober...

* Figures given do notinolude Oregon B y. & N av., Un. Pac. Denver &
Gulf, Denver Leadville ft Gunnison, Montana Uniou and Leavenworth
Topeka ft South western, a These figures include results on leased lines.
b Includes earnings from ferries, etc., not given separately. X M exi­
can currency, c Includes only half of lines in which Union Pacific has
a half interest, d Includes operations of the Chic. Burlington ft North­
ern in botu years. $ Covers results of lines directly operated east of
Pittsburg.
♦ Chesapeake Ohio ft So’western included, beginning with July, Ohio
Valley, beginning with August, and Chicago & Texas beginning Ootober, but each road for this year only.
e Figures from July 1 include results on A . T . & 8. Fe, Gulf Col. &
8. Fe, 8. Fe Pacific (old Atlantic & Pacific* and So. Cal. By. Besnlts
on Sonora By. and New Mexico & Arizona B y ., formerly included, are
excluded after July 1.

L a te st G ross E a rn in g s b y W eek s — The la test w e e k ly ea rn ­
in gs in th e fo re g o in g are separately su m m ed up as fo llo w s :
F or the secon d w eek o f D ecem ber o u r prelim in a ry statem en t
covers 75 roads, and show s 11*81 per c e n t in crease in th e
aggregate over th e sam e w eek la st year.
2cf week o f December.

Alabama Gt. Southern...
A nn A rb o r------------------------Atlantic ft Danville........
Bait, ft Ohio Southwest..
Bufialo Booh, ft F Ittsb’g
B u rL Oed. Ran. ft N orth.
Canadian Pacific..— . . . .
Central of Georgia..........
Chesapeake ft O hio........
Chicago ft East. Illinois.
Ohio. Great Western.......
Chio. Ind’plis ft Jt. L.
Chicago Milw. ft 8t. Paul
OhloagoftWest Miohlsran
Cleve. Canton ft 8outh’n.
Olev. Cin. Ohio, ft 8t. L ..
□lev. Lorain ft Wheel’*..
Denver ft Rio G rande...
Det. Gd. Rapids ft West.
Duluth 8o. Shore ft Atl
Bvansv. ft Indianapolis..
Evansv A Terre H aute..
F lin t & Pere Marquette .
F t. Woith ft Rio Gi ande.
Georgia.............. ..............
Georgia ft Alabam a........
Grand Rapids ft Indiana.
Olnolnn ati B . ft F t. W ..
Traverse C ity.................
Musk. Gr. Rap. & In d .
Grand T r u n k .................)
Chio. A Grand Tru n k >
Det. Gd H. ft M ........ >
Cin. Sag. ft M a e ..........
ToL 8a*. ft M u s k .........
International ft Gt. N o..
Iow a Central.....................
Kanawha ft Miohigan.— .
Kan. City Ft. 8. ft Mem.
Kan. 0. Mein, ft B lrm ___
Kansas City ft Omaha ...
Kan. City PH tab. ft Gulf
Kan. City Sub B e lt..— .,
Lake Erie ft Western.......
Louisv. Evansv. ft 8t. L .
Louisville Hend.ft 8 t.L ..
Louisville ft N ashville...
Mexican Central..............
Mexican National ........
Minneapolis ft 8t. Louis.
Minn. St. P. ft Ste. 8. M..
Mo. Kansas ft T ^ x a s ..— .
Mo. Pacific ft I r i M t . . . .
Central Branch .........
Bf. Y . Ontario ft Western
Norfolk ft Western..........
Northern Pacific.............
Ohio River.
. ..............
Oregon RR. ft N a v.........[
Peona Dec. ft E va n s v...
Pittsburg ft W estern....
K»o Grande Som hern.— .
Rio Grande W. stem .......
Bt. Joseph ft Gd. Island.,
bt. lonis Bonthwestern
Bon them Railway..........
Tex a* C e n tra l................
Texas ft Pacific ..........
Toledo ft Ohio Central...
To l. St. L. ft Knn City.
Do. P»o. Den. & G u lf...
W abaeh..............................
Weet. N . Y . ft Pennsvlv
Wheeling ft Lake E rie ...
Wisconsin Central..........
Total (75 roads).........
Wet Inorease ;1181 p. e.)

1897.

1 8 96.

*
42,015
24,54*
13,837
130,439
7 2,4 «6
87,980
545.000
121,779
242,944
95,490
98,441
58.193
665,785
33,722
16,581
297.486
37,364
1 62,bOO
26,834
26,308
6,754
22.861
58.704
17.697
35,850
25,196
38,894
7,595
828
1,602

$
38,637
23,579
12,475
115,422
57,6 68
98,094
443,000
136.126
234,419
85,245
90,485
55,748
617,983
26,820
11,420
267,656
2 0.1 9
1*24,200
20,378
24,555
5,051
20,632
53.472
10,361
36.002
19,155
32,653
7,572
532
2,226

492,436

428,572

2,759
2,589
95,911
37,268
9,649
85.837
32,672
5,544
59,766
6 ,979
69,198
27,319
9,922
458,030
277,950
117,581
39,947
78,180
283,432
547,000
19.000
73.254
256,307
368,312
20,887
124,4 >4
16,823
58,334
9,728
59,500
22.000
123,500
433,114
11,959
211,607
30,976
43,859
73/201
250,413
65,300
34.648
92,795

2,367
1.646
96,921
30,676
9,687
81,382
28,6 *9
3,169
21,835
4,884
63.089
24,171
8,539
438.910
223,221
93.554
43,145
79,614
2 -0 .9 3 7
4 4 4,0 >0
19.000
61,694
2 5 0 /7 1
3 5 8 ,7 -2
17.178
104,698
17.452
4 2 ,65 t
7.911
51,250
18.800
13 2 G li
416. »05
7.755
189.694
39.8 1-s
40,292
60.793
2 2 2 ,6 -9
5 1 /0
2ft, 58
75,52.

8,164,734

7,302,49

hxertase.
s
3,378
968
1,362
15,017
14,818

Decrease.
$

10,114
102,000
4,347
8,525
10,245
7,956
2,445
47,802
6.902
5,161
29,830
17,164
38,400
6,456
1 ,7 5 3
1,703
2,229
5.232
7,336
152
6.011
6,241
23
296
624
63,864
392
943
1,010

....

6,592

4,455
3,973
2,375
37,931
2,095
6,109
3,148
1,383
19,120
54.729
24,027

2 .495
103,000

38

__

■

17.109
4.2 '4
21.913
163
3 ,5 6 7
12,411
27,724
13,4m
9,49'
17,269

---

892.885
862.239

F or th e first w eek o f D ecem b er ou r fin al sta tem en t covers
85 roads, an d sh ow s 15'66 per c e n t inorease in th e a g g reg a te
o v e r th e sam e w eek la st year.
1st week o f December.

1897.

1 8 96.

Increase.

$
Previously rep’d(78 r’ds) 8 ,2 1 3 .5 3 5
3,019
Des Moines & Kan. City..
Interoceanio ( M e x .) .___
54,800
Keokuk ft Western............
7,993
Mexican Raiiwav.............
72.000
Texas Central . .............
13,051
Toledo Peoria & W est’n .
20,187
Un. Pac. Den. & G u l l ....
82,238

$
7,0 9 6 ,5 5 9
2,689
42,850
7,326
71,000
7,350
18.732
73,771

$
1,168,489
330
11,950
672
1,00
5 ,701
3,45 t
8 ,4 6 7

Total 185 roads)_______
Net Inorease (15-68 p.c.).

7 ,3 2 0 ,2 7 7

1,198,064
1 ,1 4 6 ,5 8 1

8 ,466,858

Decrease.
51,4 8 3

5 1 ,4 8 3

N et E a rn in g s M o n th ly t o L a test D a te s .—T he ta b le f o l l o w ­
in g sh ow s th e gross an d n e t ea rn in gs o f S t e a m ra ilro a d s
rep orted th is w eek. A fu ll d eta iled sta tem en t, in c lu d in g a ll
roads fr o m w h ioh m o n th ly retu rn s c a n be o b ta in e d , is g iv e n
o n ce a m o n th in th ese oolu m n s, an d th e la te st s ta tem en t o f
this k in d w ill be fo u n d in th e C h r o n i c l e o f D e ce m b e r 18,
1897.
T h e n e x t w ill appear in th e issue o f J a n u a ry 22,
1898.
------ oross Warnings.——. ,-------Ret Marntngs.-------.
1897.
1896.
1897.
1 8 96.
$
$
Roads.
$
$
Alabam a Midland___ Oot.
62,6 9 8
6 2 ,8 * 2
1 1 ,9 2 9
1 6 ,7 0 6
Jan. 1 to Oct. 31 ........
5 6 8 ,0 8 6
5 2 1 ,3 6 3
1 0 2 ,0 6 4
7 2 ,2 8 2
July 1 to Oot. 31 ........
232 ,8 1 8
2 1 7 ,2 2 8
5 2 ,2 6 4
3 4 ,8 2 9
Baltimore & Ohio. to.. Oct. 2 ,3 8 4 ,8 1 6 2 ,3 7 2 ,7 4 6
6 9 0 ,0 9 2
5 1 3 ,6 4 2
Jan. 1 to Oct. 3 1 ........ 2 1 ,4 4 1 ,0 2 2 2 0 ,5 7 4 ,9 5 2 4 ,7 7 9 ,8 25 5 .0 3 0 ,6 1 2
July 1 to Oct. 3 1 ........ 9 ,3 7 2 ,2 5 2 9 ,1 5 2 ,3 3 1 2 ,5 9 3 ,9 7 9 2 ,3 5 6 ,1 2 8
Brunswick & W e s t.. .O ct.
60,0 6 1
53,8 5 8
2 8 ,7 2 3
2 3 ,1 1 6
Jan. 1 to Oot. 3 1 ........
479.048
503 ,3 6 6
169 ,3 3 5
1 7 4 ,2 5 4
July 1 to Oot. 3 1 ........
205,242
20 3 ,6 5 0
8 3 ,6 2 9
7 9 ,2 8 7
Char. & Savannah..,. Oct.
41,8 2 6
42.323
6 ,616
1 1 ,0 7 1
Jam 1 to Oot. 3 1 ........
5 0 7 ,2 1 7
4 6 8 ,2 2 7
1 4 2 ,4 1 2
1 1 0 ,1 1 1
157,536
142,273
1 8 ,3 5 5
1 7 ,3 1 1
July l to OcC. 3 1 ........
Oln.N.Orl.& T ex.P.a.N ov.
3 35,482
280,248
12 2,553
101 ,5 0 0
Jan. 1 to Nov. 3 0 ........ 3,3 1 8 ,5 6 8 3,0 6 7 ,5 6 8 1 ,1 3 5 .3 9 1
7 9 1,692
July 1 to Nov. 30. . . . 1 ,599,333 1,4 1 7 ,1 8 7
5 3 5 ,8 9 7
3 8 8 ,8 1 8
7 4 ,6 5 0
2 1 ,9 9 6
Ga. South, ft F la .a . .Nov.
80,7 3 8
2 6 ,2 5 4
Jau. 1 to Nov. 3 0 .......
79 4,189
8 0 5 ,6 1 4
2 4 9 ,0 3 6
2 0 1 ,5 2 8
July 1 to N o v .3 0 . . . .
3 87,263
3 8 0 ,3 7 5
132,521
123,415
Madison Gas ft Elec..Nov.
5 ,640
5 ,0 4 2
April 1 to Nov. 3 0 ............................
3 L,961
2 4 ,2 4 5
Monterey ft Me x.G ’f..Occ.
147 ,8 6 8
10L.992
4 8 ,3 4 0
4 4 ,2 2 3
Jan. 1 1 > Oct. 3 1 ____ 1 ,1 6 L,300
9 3 5 ,1 7 9
5 2 7 ,5 6 5
2 9 9 ,1 1 6
904
960
Nevada Central..........Oct.
4,305
3 .4 9 8
2 9 .7 3 7
6 ,3 3 4
6 ,1 4 2
Jan. 1 to Oct. « 1 . . . . .
3 1 .3 1 0
14,741
July 1 to Oot. 3 1 . . .
15,630
3 ,1 4 4
4 ,5 94
210 ,6 5 4
N. Y . Sus. ft W est.b..N ov. *220.601
1 0 1 ,0 2 1
*108,318
9 20.29 4
Jau. 1 to Nov. 3 0 ........ 2 ,0 3 6 .2 7 9 2,0 6 7 ,7 5 3
9 0 ‘ ,3 6 7
July 1 to N ov. 3 0 ........ 1,027,089 1,0 3 5 ,8 0 8
473 ,8 7 8
4 6 9 ,0 3 3
Peoria Dec. ft E v___ July
72,7 4 7
7 2 ,2 3 1
2 ,5 2 9
2 0 ,1 1 3
8
2
,3
4
0
Jan. 1 to July 3 1 ........
4 9 7 ,8 7 5
481,701
1 2 0 ,0 9 1
27.2 5 9
2 6 ,7 9 1
8 Paul Gas Lt. G o...N o v............... . . . .
2 2 3 ,51u
22 2,551
Jau. 1 to Nov. 3 0 . ...........................
2 0 ,0 0 0
5 8 ,5 2 4
22,6 0 5
San Fr. & N . P a c ......N o v .
67,9 9 6
27L.020
2 1 5 ,0 5 1
Jan. 1 to Nov. 3 0 ........
746 ,3 3 6
6 9 3 ,5 1 1
1 4 2 ,6 3 0
July 1 to Nov. 3 0 .......
4 L1,707
3 5 1 ,2 8 5
186 ,9 3 8
Sav. Fla. ft W est. b .. Oot.
29 9 ,9 2 2
320 ,4 4 1
7 9 ,3 6 7
1 0 5 ,2 2 5
7 9 ,2 7 4
Jan. 1 to Oct. 3 1 ........ 2,8 1 4 ,7 7 1 2 ,8 2 2 ,5 6 3
8 1 3 ,8 8 9
2 4 6 ,9 7 9
July 1 to Oct. 3 1 ........ 1,0 3 0 ,0 6 6 1 ,0 5 7 ,1 0 8
2 7 9 ,0 2 5
16,882
4 ,431
9 ,5 8 0
Silver 8p. Ocala ft G..Oot.
12,974
84.9 1 9
Jan. 1 to Oot. 3 1 ........
1 6 1 ,8L9
16L.528
8 6 ,1 5 8
2 9 ,1 7 5
2 2 ,1 0 6
July 1 to Oct. 3 1 .— .
61,230
51,1 1 6
42,4 7 6
2 7 ,6 0 2
2 4 ,5 7 6
Sioux City & N orth...O ct.
43,5 6 2
1 8 4 ,3 3 0
5 6 ,0 9 2
3 4 ,6 1 6
Jan. 1 to Oct. 3 1 ........
2 22,985
SouthHavenft; E ast.. Oct.
2,708
2,695
75
del. 2 5
Southern R ailway.a.Nov. 1 ,8 51,705 1,6 8 4 ,1 7 8
661 ,3 3 8
6 2 2 ,4 8 8
Jan. 1 to Nov. 3 0 .....1 7 ,8 9 8 ,6 2 5 1 6 ,9 67,180 5 .4 0 7 ,0L4 4 ,8 4 2 ,6 9 3
July 1 to Nov. 3 0 ........ 8,6 5 7 ,7 1 3 8 ,1 3 8 ,7 9 4 2,8 6 0 ,0 2 5 2 ,7 1 6 ,0 7 1
5 1 ,5 0 0
4 4 ,9 0 9
Tenn. Coal I. & R R ..N o v.
........
6 6 7 ,5 2 1
5 2 1 ,1 9 0
Jan. 1 to N ov. 3 0 ..............................
3 3 ,1 2 0
3 0 ,0 6 3
W est.Ya.Cent.ftPitts Nov.
96,1 4 2
91,3 5 3
4 9 3 ,8 9 4
164 ,8 4 6
July 1 to Nov. 30.
4 8 5 ,7 1 4
1 4 3 ,6 0 3
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
* Includes the operation of seven miles of Susquehanna Connecting
road.

3,198
1,434

I n t e r e s t C h a rg es a n d S u r p lu s .— The fo llo w in g road s, in
a d d ition to th e ir gross an d net ea rn in g s g iv en in th e fo r e ­
g o in g , also rep ort ch a rg es fo r in terest, Jtc., w ith th e su rplu s
or d eficit a b o v e or b e lo w th ose ch a rges.
Roads.
San Fran, ft No. Pac.N ov.
July 1 to Nov. 30. . . .
Tenn. Coal I & R R . Nov.
Jan. 1 to N ov. 30........

11,580
6,236
9.530
3,709
19,736
15,683
1,817
8/250
3,200

[VOL, LXV

629

9 ,1 0 0

■ __
........

30,646

Ini. Rentals, dc.----- * ■Bal. o f tfet E a rn’g s . s
1897.
1896.
1897.
1 8 96.
$
$
1 9 ,0 0 4
1 9 ,1 0 4
*3.601
* 896
9 5 ,0 2 0
9 5 ,5 2 0
91,918
47,1 1 0
47,777
4 7 ,8 8 4
3 ,7 2 3 def. 2,975
5 2 6 ,7 2 4 d ef.4,357
14 0 ,7 9 7
525 ,5 4 7

N O R TH E R N

PA C IF IC .
July 1 to
Oct., 1897.
Oct., 1 8 96. Oct. 1 1 , ’97.
Gross earnings........................ .............$2,7&4,755 $ 2 ,4 9 8 .8 <5 $ ,964 ,5 1 6
Operating expenses............................ 1,150.061
1 / 65.1 9 2
4 ,3 9 2 ,5 3 0
Net earnings................................. $ 1 ,6 2 5 ,6 9 4
T axes.......................................................
4 2 ,9 0 0

$1,433,6.43 $ 4 ,5 '1 ,9 8 6
4 9 ,2 5 9
(7 1 .6 0 0

Net operating in c o m e ........ ...$ 1 ,5 8 2 ,7 9 4
Miscel. income,not inol. land sales.
3 0 .0 7 6

$ 1 ,3 8 4 ,3 8 4
14.431

$ ,4 '0 ,3 8 6
4 0 ,8 5 3

Total net income.......................... $ 1 ,6 1 2 ,8 7 0

$ 1 ,3 9 8 ,8 1 5

$ 4 ,4 4 1 ,2 3 9

STREET R llL W t f S

\?JD TRACT10V C01PAVIES.

The following table sh ow s th e grots ea rn in gs for the latest
period of all STREET ra ilw a ys fr o m w h ich w e are able to o b ­
tain weekly or m o n th ly returns. The a rra n gem en t o f the

THE CHRONICLE

D ecember 25, 1897. J

ta b le is th e sam e as that- fo r th e steam r o a d s —th a t is, th e
first t w o co lu m n s o f figures g iv e th e gross ea rn in gs fo r th e
la test w eek or m o n th , an d th e last tw o co lu m n s th e ea rn in g s
fo r th e calen dar year fr o m Ja n u a ry 1 to an d in clu d in g su ch
la te st w eek o r m on th .

1

------ Gross Earnings. — vr—Net E a m in gsX
1 8 97.
1896.
1897.
18|
$
$
$
5 ,191
.............
*773
November........
4 ,0 0 2
.............
*598
....
Twin City Rapid Tr..Oct.
167 ,6 7 0
1 5 1 ,3 4 0
9 8 ,3 3 4
89,
Jan. 1 to Oct. 3 1 ........ 1 ,632,922 1,707,076
9 04,973
977,
Roads
Schuylkill Val. Trao.,Ocfc.

STR E ET R A IL W A Y S AM D TRACTIOM OOMPAMIE8.
Latest Gross Earnings.
G boss
E a k s is g s .

Week or Mo

1897.

1896.

Jan. 1 to Latest Date.
1897.

1896.

*
Akron BedFd & Clev Novemb’r.
90,694
O ctob e r...
41.2 6 7
Amsterdam St B y.
79,3 6 5
A tlanta Railway . . . Novemb*r.
Atlantic Ooaat Eleo. O ctob e r,..
.............
A tl. H ighl’ds R ed B ’ k
9,103
2 ,«6 3
A l4>agBr. Elec.Ry. Novem b’r.
36,532
Baltimore Con. B y / ... Novemb’ r. I7y.857 170 65^ 2,136.413 2,08(>.5lt
Novem
b’r.
1,424
1,483
19,020
18*929
B athS t. Ry. (Maine).
6,844
6,5? 9
Blnzbaoiton St. R y ... Novemb’ r. 11,991 10,283
293 814
Bridgeport Traction, Novemo’ r. 25,765 23,841
296,883
3 14.92*
Brockton Con. St. Ky. Novem b'r. 25,889 23,899
243,932
Br'fciyn Rap. Tr. Co.—
Brooklyn Heights ) Novemb’r . i 3 3.701 421,431 4,936,913 4 .8 4 4 ,5 0 5
B’klyaQ'ns&Bnb. $
Sep tern b’ r.
1,017,129 1,028,547
9,471*
Cin Mlam 1Val. Frao AU2UBt . . .
L6J7
2 1 ,2 2 "
i .o o j
10,825
City Elec. 1Kome.Qa.) Novem b'r.
Cleveland Electric.-. Novemb’ r. 139 S 26 1 2 8 ,0 5 - 1,485,535 1,499,270
Novemb’ r.
7 ,8 1’3
5.65 f
80.393
Cleve. Paio»v a K
Columbus 8t. Ry. (O.) 3d wk Dee, 12,9 0 0 11,159
Coney Island «fc B’ tyn Hep to mb’ r,
28 >',808 273,308
Coneoh’ d Trso. (N. J. i Novem b’r. 2 > j ,790 249,574
*...........
Dan v.Ofte EL Light *s
9 5 .7 ‘"B
10,141
Novemb’
r.
57.03S
53.or>D
8.78.373
Denver Con. Tramw.
666 -1 1
Detroit CitTn#* St. Ky 3 wk*. Dec. 65,0 7 7 59.60 1,067,980 1,004,947
3 5 8 ,2 i7
33M.227
Detroit Elee. Ry-------- Novemb’ r. 31.703 31,763
173, .1 3
197,603
Dolnth St. K y .. . . . . . . Novemb’r. 16.24 j 16,915
...........
Septeinb’
r.
8
,357
Englewood & Ohio.. .
12K.661
139.187
Erie Elec Motor Co . Novem b’ r. 1X. 15c *1*6*4Vl
Septemb’r.
19.1
4
h
163,33^
161,692
1 -.5 4
G ftlvecoa City R y ...
Harrisburg Tracuon Novemb'r. l» .S s 3 15.b5o
............
.............
Herkimer Mohawk 11
3 J,75u
3,050
3,290
3 5 ,5 6 1
Ion .* r k fo r t El. Ry. O ctober. . .
619
6Jt
6.541
7,233
Hoo#lek Ry ................. O ctober. . .
Ititens?»te Consol, ol
9.736
119,009
114 023
North Attleboro . . . Novemb’ r. 1 0 ,1 8 ,
4.296
50,2 iO
49.779
4,474
XloKBtou City Ry. . . Novemb’r.
MW.915 1 1 1 ,2*?r
8.4SO
9.369
Lehigh Traction . . . . Novemb’ r.
7,4 b
»v 5V9 *.74c
8 6 /1 9
London 8t- Ry. (Can.). Novemb’ r.
Lowell La w . A Hav. Novemb’r. 3 1 . «-i 2 8 .4 8 1 407,3451 3 :9 ,- 3 3
Mctrop (KaiD«a« t nty / 2d wk Dee. 33,673 30.99 1,77*2,16.
.. .
....
Metro. W .Side (Chic.) Novemb’ r. ys,H 1 ' 3 9d ’
47.48^
47.791
4 .6 I0
Montgomery St. fty.. October. .
Montreal Street R v. Novemb’ r. 110.669 160 787 1.2 i7,7 -2 1,172.816
Naoaau Elee. (B’ ktyoi Novem b'r. 1 38 527 119.9.-7 1 .7 -4 ,39 m 1.343.1 *0
8 '.541
5,121
7 7 ,3 4 5
Novemb’r.
Newbilrgh EJectrta
5,7 3
50,27b
50346
3 . >5*
New I^>ndoQ 8t. R y .. Novemb’ r.
3,042
Now Orleana Traetiun Novemb’ r. 8 9 ,' 12 10 *,231 1.1*29.326 1.212,9**5
North Shore Traction 2d irk Dee. 2 3 ,’ OJ 23.311 1,388,616 1.331,013
2 ,2 '6
1.A43
* -.6 0
18,168
Ogdoosbarg 8 t. B y.-- Novemb’r
3 1 7 , b«6
293.719
Novem b’ r. 28.830 2 L 6 .8
Patereon Ky —
6 .8 5*
73,8 7 6 i
74.* 58
?,2 6 0
Po’ kCf-pMe t Wapp, F O ctob er...
........
........
7 ,i L5
9,408
Richmond fraction.. Novemb’ r.
5 **o,89652 3 73
RoehcHter Ky............. Heptemb’ r
7 *,9 0
7 i ,026
5,143
5.240
Roxh'h* h II A .Vor ii Novemb’ r,
6 ,096
72,816
Scbuyllciit Tractioo
HopUmib’ r.
8 52
S.48
5 5 .3 1 8
4. <2 . . . . . . .
Schnylklil Val. frae Novemb’ r
3.517 . . . . . . . .
... ...
So rant *n Sc L'arbond'e Novemb’r.
__
5 , ho4
Scranton ,fe Pitta ton Novem b’ r.
320.756
Seraoton Railway— Novemb’ r. 3 3 .2 8 , 3 0 ,20 \ 329.442
■/,7 4»
34 623
29,58
2.3 41
Syracuse E*at-SldeKy. Novem o’ r.
39 ,145
385.054
Syracaae Ka ,. . fr Rv. Novetuiyr. 38,765 3 1 ,0 *2
120.341
1* 1 ,-9 0
Terre Haute Ki’e. H i, Sep tern o’ r. 14,25b 13.70-)
2 ,000 B57
Third Aveawe iN .V .).
95 %9th
H -3,781
Novemb’ r. 88.#b 8 ' 1,017
Toronto Hy .. .
Twin City Rap. Tran Novo ob’ r. 16 t.07 161,3 U 1,801,495 l 86-1,420
I9e,7tf3
2.J1.0JU
Novemb’ r. 16 ,2 49 16.630
tJnlou IV. Bedlordi
.......
United tract. <Pi;ta.) Novemb’ r. 117 K IT 11 1,1-7
United Tract. *Prov.; Novemb'r. 141,981 1 3 t,«4 3 1,582,134 1,581,234
176,3*57
17-.84W
Unit. Trac. iK«;iillng» Novemb’r. 12,834 12,142
^ 3 ,178
5 5 .4 /3
3,^37
3 , 92
Wakefield k Stone ,.. Novemb’ r.
220.964
23 4,311
Waterbary T r-<06100,. Noveriib'r. 2 2 ,4 12 22,213
West Chicago 8t. Ry. W k.lM c.lG 7 7 .6 1 ! 7 0 ,5 V^
153,016
Wheeling Rail w a y ... Novemb’ r. 14,4 6 1*2,781 153, HP
461,962
417,051
Wllkeeb. St W y Vahey Novemb’ r. * 2 .2 3 6 41,2 4 7
S
6,883
4.178
6 .845
7,721

$
6 675
3.819
6,175
6,282

S
94.336
40,761
82,531

...

...

* Included ia expenses for October is $*>56, and for November i.
these items being . xtraord in ary expenditure* for rebuilding road i
connection with the lowering of the grade of the road as part of a
general city improvement.
i Increase in expenses in November due to heavy paym ents
occasioned by accident in that month.

Interest Charges ami Surplus— The fo llo w in g Street
railw a ys, in a d d ition to th eir gross an d n et earn in gs g iv e n in
th e fo re g o in g , also rep ort ch a rg es fo r interest, & o., w ith the
surplus or d eficit a b o v e or b elow th ose ch a rges
Roads.
Atlanta R ailw a y .....N o v .
Denver Gon.Tram\v..Nov.
Jan. 1 to Nov. 3 0 . . . . .

ANNUAL REPORTS.
A n n u a l R ep orts.-*-T h e f o llo w i n g is an in d e x to a ll a n n u a l
re p o rts o f s te a m ra ilr o a d s, s tre e t r a ilw a y s a n d m isc e lla n e o u s
c o m p a n ie s w h ic h h a v e been p u b lish e d sin ce the la st edition s
o f the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
T h is in d e x d oes n o t in c lu d e re p o rts i a to d a y 's C h r o n i c l e ,
R ail r o a d s and M iscel . C o.’ s.
R ailroads and M[soEL.Go’s(<7<m.
Volume 65—
Page.
Volume S o —
Page.
N
o r t h E a s t e r n R E . { o f S. C a r .)___ 1170
Akron & Chicago J tine................... 973
American Cotton OH
..........975, 98 i P e n n . H e a t . L ig h t a u d P o w e r . . . . . . 823
1111
American Tyne Founders.............. S:2 P e t e r s b u r g R R
Baltimore A Ohio ...........953,973, 970 PH Is bu ry -W a s h b u rn F lo u r M ills C o . 1 17 1
Balt, x Ohio SoatUw.............. 1U20,1026 P it t s b u r g A W e s t e r n ........................... 11G8>
Bangor A Aroottook ................
971 R ic h m o n d F re d k sb . & P o t o m a c . . .1 0 6 1
Calgary k E Im onion.......................1170 R i c h m o n d & P e t e r s b u r g ....................1 1 1 1
. . . . . . 921
Central Ohio.
—
----- .. ... 071 S t. P a u l M in n . & M a n .
Central Pad tie. ...
...
. .8-*&. 87m S a n A n t o n i o & A r a n s a s P a s s . . . . . . 9 2 2
Chic. A North *West Granarles.Ltd.U71 S a n d u s k y M a n sfie ld & N e w a r k .. . . 9 74
Cleveland Akron A Columbus........1170 S e a b o a r d & R o a n o k e ............................8 2 1
Columbu# & Cincinnati Midland... »71 S >uth <’a r o lln a x G e o r g ia ................ 1019
l>e»rolt v Mack inac ...
......... 1020 S o u t h e r n C a lifo r n ia (.A tch . S y s . ) . . 8 6 6
Florida Central & Peninsular... — 1170 S itith ern P a c l f l - ............................ 847. 871
«ire&t Nort hern............ .90 I, 921. 927 S o u t h e r n P a c ift i o f C a li f o r n ia .921, 9 3 1
933
Houston East A West. Texas— .. 822 T o le d o & O h io C e n tr a l ..
Houston & T e r a* Central.. . . . . . . . Had V e r m o n t V a lle y A S u lliv a n C o — 867
Into national Packing Co ............. 1021 W e i s b a c b C o m m e r c ia l C o ................ 1021
W
e
s
t
V
i
n
d
a
ia
&
P
it
t
s
b
u
r
g
..............
821
l»*2l
Iron SteambirU C > .................
s t r e e t R a il w a y s .
Kannwri* a Michigan ................ . 1*>2L
Kansas City FLSoofctA Memphis. 821 B r o c k t o n Hi r e s t ..................................... 1022
Kansas City M < f e Blr .. ... 82.) G1 ib e S t . <F al 1 R i v e r >......................... L022
Kansas City Pittsburg & G u if......l"d -* H a r t f o r d S treet. R y .................................1069
Marne Central. ...
811 H a r t. M a o c h e V r & K o e k v ’o T r a m . 1069
Manhattan fiy,. N. V. City................ h23 H a r t f o r d & W e s t H a r t f o r d ...........1009Mer*ranlhnlor Linotype f'o — ------- 867 L o w e ll L a w r e n c e Jt H iv e r i j i l l ........1022
L o w e d & S u b u rb a n . ..
1022
Michigan Peninsular Car. ... .. ...
Missouri Kansas & Texas..
. ... 82>) L y n n & B o s t o n ..................................... 1171
Newrark Somerset A 8 r dtsvllle. 9 4 S n rln g fie td (M a s s .) S t. R y .................. 1022
1021
New England Gas A C ofee...........1112 W e s t E n d S t. l i v ....................
New Jersey & New York.................. 822 W o r c e s t e r C o n s o lid a t e d Sfc. R y . ..,1 0 2 2
Norfolk & Southern...............
Hid
L a k e S h ore & M ich ig a n S o u th e rn E y.

(Preliminary statement o f earnings fo r the year ending
December .31, 1897. j
T h is com p a n y reports as fo llo w s fo r th e years en din g D ee.
31, D ecem b er, i '» 7 , bein g p a rtly estim a ted :
1897.
$
.20.293,013
Operating expenses. .1 3 ,486,585

1896.
S
20 ,1 9 3 ,9 5 7
13,726,154

1895.
•$
2 1 ,0 1 6 ,0 3 *
14,568,219

1894.
$
1 9 ,5 5 7 ,8 7 0
1 3 ,1 8 6 ,0 6 9

. 0,8 0 6 ,4 2 8
Net earnings
Fixed charges............. . 3,0 6 0 ,0 0 0

6 .467,803
3 ,4 41,403

6 .447,815
3 ,4 1 9 ,5 0 0

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

. 3 ,7 46.428
. (7-57 p. e.)
. 2.9 6 7 ,9 9 0

3 ,0 22,400
(6-11 p. c )
2 ,967.990

?,0 2 8 ,3 1 5
<6 T 2 p. e.)
2,9 6 7 ,9 9 0

2 ,9 6 8 ,9 3 9
(6 p . c.)
2 ,9 6 7 ,9 9 0

54,410

60,325

940

Balance...........
Erpial on stock to

,

* Includes flallliuoic Traction and C ity A Sn&nrban for both years.

S tre e t R t llw t y V et E a rn in g s .— T he fo llo w in g ta b le g iv e s
th e returns o f S t r e e t ra ilw a y gross an d n ete a rn ia g s r e ce iv e d
th is w eek. I a re p o rtin g these n et earn in gs for th e street ra il­
w ays, we a d op t tha s une plan as th a t for th e stea m ro ids —
th a t Is, we .irint each week ail the retu rn s receiv ed t h it
w e e k , b u t o n ce a m on th (o n th e th ird o f th e fou rt h S a tu r I ty )
w e b rin g tog e th e r alt tne rod Is fu rn ish in g returns, a id the
latest sta tem en t o f th is kind w ill be f iu n d in the O unoyiCLE
o f D member 18. 1897. The n e x t w ill appear in th e issue o f
J a n u a ry 22, 1898.
------ U n it S a r n im t, ------. — Mel Earning).
1896
1897.
1896.
1897.
$
Roads.
I
755
ldef.316
6,175
Atlanta K *ilw *y.. ...N o v .
6,345
18,630
19,4 1 3
79,9 6 5
/an l to Nov.
82,537
12,307
10,903
23,893
Brockton O on.8LR v.N or.
25,889
1 2 4 ,7 e»u
99,2 2 5
2 9 3 .9 3 2
Jan. I to Nov. 30. . . .
314.9550
12 5 ,5 1 2
11 1,811
229,574
Consol. Tfaot'n. N, J.Jfdv.
253,700
023 ,0 7 9
69 7 ,6 8 9
July l to Nov, 3 0 . . . . . 1,3 2 9 ,9 8 4 1,237,995
4
.5
>0
0 * o v .G a ? EL-L.AUhRy.NQW 10*141
43,2 0 2
Jan. 1 to Nov, 30. . . .
95,785
19,774
2 0 ,90
53,0 5 9
Denver Con* Tramw,-Nov.
57,038
259
,7 2 3
257,964
66 6 ,6 1 4
Jan. I to Nov. 30, . . .
058,373
12,076
1 0 ,9 0 0
28,431
Lowell Lawr’ ee A FI N or.
32.204
1 5 6 ,5 1 7
163,495
3 79.333
Jan. 1 to Nor. 3 0 . . . . .
407,345
4 2 ,93 l
3 5 .9 5 9
104.231
New Orleans Tract .N o r,
89,042
3 51,171
5 2 8 ,8 1 3
Jan, l to Nor. 30. . . , 1,129,325 1,212,905
30,889
38,311
1 0 -.2 38
North Shoro f raofc’ n . N or,
105,48 L
579.021
5 7 2 ,6 8 1
Jan. I to Nov ..... t,
, L 1,33 >,672
83,1 9 6
2
14,115
8
7
,2
8
4
Oel. 1 to Nor. 3 0 .,.* *
2 2 7 ,76>

30

34173

-In t., rentals, etc.----- . —Bat.
a m ’s .—
u mof !fet E 1896
1 897
1896.
1897.
$
1 ,250
1 ,250 d e f.i.5 6 3
d ef.495
18.1 6 7
17,828
1.607
3,07&
2 0 2 ,3o9
196 ,3 3 2
57,359
5 9 ,6 3 2

778,438

E s p so s e s in clu d e a ll expenditures.
N oth in g has been
ch a rg ed to co n s tru ction or equ ipm en t sin ce 1883. T h e fn n d ed d eb t w as decreased $250,000 du rin g th e year b y the sin k ­
in g fu n d . T h e sem i annual div id en d o f 3 per cent, w a s d e­
cla red p a ya b le F eb , 1.— V . 85, p. 1024.
M ic h ig a n C e n tra l R R .— C anada S o u th e rn R R .

( Preliminary statement fo r year ending Dec. 31, 1897J
MICHIGAN CENTRAL.

T h e M ich igan Central reports the earn in gs o f these c o m ­
panies as fo llo w s for the year en din g D ec, 31, D ecem ber, 1897,
being pa rtly e s tim a te d :
1897.
$
Gross earn ings..------ 1 3 ,0 40,000
Operatifig ex penses,,1 0 ,184,000

1896.
%
13.8^ 1.614
10,392,351

1895.
$
13,651,419
10,183,231

1894.
$
1 2 ,5 8 4 ,0 1 2
9 ,1 4 4 ,1 0 7

, 3 ,4 47,000
Net enj-ntugR
Interest and. rentals. 2,415,000

3,429,263
2 ,3 94,565

3,468.188
2,402,201

3 ,4 39,905
2 ,4 01,185

Surplus.................. . 1,032,000
282.U00
Proportion to 0 . 8 . . .

1 ,034.698
2^0,474

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

1,0 3 8 ,7 2 0
287 ,8 0 8

Proportion to M. C
Other income...........

750,000
44,0 0 0

738,224
3 9 ,6 8 5

761,272
40,077

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

N et income......... .
Dividends, 4 p. e. — .

791 ,0 0 0
749.520

77 7 ,9 0 9
749 ,5 2 0

810,349
749 ,5 2 0

795 ,5 6 1
74 9 ,5 2 8

44,480

28,389

0 0 ,8 2 9

46,0 3 3

Balance------ —

T h e sem i-annual d iv id m d o f 2 p ir cen t w as d ecla red , p a y ­
able F eb . 1.

THE

CHRONICLE.

C A N A D A SO U TH ER N INCOM E ACC OU N T.

ropcrtion of earn­
ings ilue C. S ...........

jtiie r

i n c o m e ..................

1897.
$

1896.
$

1895.
$

1894.

282,000
1,600

296 .4 7 4
1,381

304 ,7 1 5
18,6 6 0

2 87,808
7,413

Tntnl tici
283Ai00
2 9 7 ,8 5 5
3 2 3 .3 7 5
295,221
1>:vtdends d M lared .! (2)300,000 ( 2 ^ )3 3 7 ,5 0 0 (2 ^ 3 7 5 0 0 0 (2 ^ )3 7 5 ,0 0 0
Jj»,iance
..
def.16,400
Total sur. Dec. 31.
3,152

def.39,645
19,552

def.51,625
59,1 9 7

def.79,779
110,822

Interim Certificates Exchangeable Dec. 27 fo r Stock Cfrtificates.—H old ers o f in terim certificates issued b y the G u a ra n ty
Tra>t Co. o f N ew Y o rk fo r th e com m o n and p referred
stocks are n otified th a t th ev can ex ch a n ge th em fo r en graved
s tock certifica tes at th e office o f th e G u a ra n ty T ru s t Co. on
and a fter D ec. 27.— V . 65, p. 665.
A m e rica n S te e l & W ir e .— Statement as to Pending Consol­
idation.—R eg a rd in g tb e p rop osed con s olid a tion su bsta n tially
th e fo llo w in g statem ent has been g iv e n to the press:

V dividend o f 1 per ce n t w as d ecla red payable F eb . 1,1897.
— V . 64, p. 1225.

Brooklyn Rapid Transit Company.
(Report fo r year ending Oct. 31,1897.J
T h e B rook ly n R i p id T ran sit C im pan y hat is s n id as f o l ­
io ws its balance sheet o f N ov. 80. 1897, an d a c o n b in ed c o m ­
pa ra tive statem ent o f the earninga, etc., o f the B rook ly n
H eights R R and the B rook lyn Q teens C o u n t y & S u b u rba n
R R . fo r the year en d in g O ct. 31, 1897:
BROOKLYN

H E IG H T S RK. GO. A N D B R O O K L Y N
COUNTY & S U B U R B A N RR. CO.

QUEENS

C > * B t N E D C O M P A R A T IV E ST A T E M K N T OR E A R N IN G S, O P E R A T IN G E X ­
PENSES. ETC., F O R Y E A R S EN D IN G OCT. 3 1 , 1 897 A N D 1 8 96.

1897.
G rossearnings...................$ ',3 5 6 ,1 0 5
Oper. exps., incl. taxes.. 3,3 7 9 ,0 4 6

1896.
$ 5 ,2 1 6 ,3 8 8
3,4 3 1 ,4 1 4

Net earnings................$ 1 ,9 7 7 ,05 9
O tner income....... .............
182,342

$1,7-*4,974
193,761

Gros3 income.................$2,159,401
T ir e d charges...................... 2 ,0 6 9 ,8 7 2

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

Increase. Decrease
$ 1 3 9 ,7 1 7
.............
.............
$ 5 2 ,3 6 8
192.0S5

11,419

1 8 0 ,«6 6
12,3 7 0

Surplus............................._ $89 ,5 2 9
..........
168,296
.............
lle tio it..................................................—
$ 7 8 ,7 6 7
BROOKLYN R A P ID T R A N S IT COM PANY’.
BALANCE SHEET N05r. 3 0, 1 89 7 .
Liabilities.
Assets.
i nvestment account..$ 2 2 .2 4 0 ,2 9 4 Capital stock ................$20, 000,000
7, 0 0 0 ,0 0 0
Mortgage bonds..........
B Q. C. & S. RK. Co.
11,850
1 ,704,170 Coupons
1st cons, bonds.........
7 3 ,9 8 8
Do. construction acc't 3 ,638,066 Interest payable
50,000
669.000 Bills payable..
'rreasury bonds..........
1,100 Special loan, acct. pur­
C a s h .................................
218.650
chase B.Q.O. &S.buds
4,250
Coupon deposit...........
317
(6,805 V ouchers........................
Interest receivable ..
69,880
98,0 0 0 Profit & loss, surplus.
HilLs it acots. rec’ vable

W ith the view of largely increasing the export trade in wire,
wire nails and other products, and also materially reducing the cost
of their manufacture and t-ale, certain gentlemen who for many
years have been successful in the business have decided to organize
a new corporation which will acquire by purchase the proper ies or
the leading manufacturers of wire throughout the United States. The
n«w company will be. authorized to issue capital stock sufficient to pay
for the properties to be acquired and also to furnish ample luuds for
doing the business.
Piovisioual agreements have been made with the owners of tbe
latgest. ifiants for the purchase of their properties, including lands,
buildings, machinery and patents. Three competent engineers are
now examining the different idants and one of the best known bouses
of expert accountants in Europe and Am erica is examining the
books of the companies for the purpose of determining their earning
capacity. The prices to be paid will largely depend upon the reports
of those experts, but it is believed they will ju stify the nrices already
named. So soon-as the reports have been made the purchases w ill bo
closed and business commenced by the new company.
A large portion of the capital stock of the new corporation w ill be
subscribed by tlios-e who are now actively engaged in the business, and
who will be personally connected with the management. Arrange­
ments will be made with J. P. Morgan & Co. to underwrite the bal­
ance, so that under all contingencies the necessary cash capital shall
be forthcoming. There are a few smaller concerns that arv desirous
of selling tlieir plants to the new company, and it i3 probable they
will be purchased if offered at fair prices.
It is nor. proposed to antagonize the interests of any other manufac­
turers in any respect nor to increase the manufacture of steel billets,
nor to increase xirices to the consumer.— V. 65, p. 1172.

T otal.........- .................. $23,45 4 ,6 8 5 | Total..............................$ 2 8 ,4 54,635
Includes $67 ,0 0 0 subject to call for exchange of Sea View RR.
securities.—V. 65, p, 1070.

GENERAL

INVESTMENT NEWS.

■ R eorgan izations, E tc .—Latest Data as to Defaults , Reor­
ganization Plans, Payment o f Overdue Coupon*, Etc.—All
facts of this nature appearing since the publication of the last

Issues of the I nvestors’ and the Street R a il w a y Supplements may be readily found by means of the following index.
This index does not include matter in to-day’s Chronicle.
R a il r o a d s a n d M is c e l . C o .’ s .
R a il r o a d s & M is c e l . C o ’ s (C on.)
Volume 65—
Page.
Volume 6 5 —
Page.
Akron A Chicago J u n e .... default. 823 N.Y. & East River G a s ........ consol. SG9
American G r o ce ry .......... noreevr. **68 Northeastern of Georgia..sale auth. 1171
Arizona Improvement.....forecl. 1023
Ogdensb. & L. Champ.i7i.fi. paymt nt.1174
Atlantic & Pac. .Cent, Dir. sale 79, 977 Oregon Improvement— 4thinstal.Hl6
Baltimore Be>t-fi«/aulfi^23; deposit?. 86s
do do sold to reorQ. com.925, 977
Baltimore & Ohio— defaults.*23, 1023
do
v ew Go.-int. paym1.. 1072
Do consol, com. deposits & earns. 808 Pacific RR. Aid bonds__ p»i/mt?}t.lL74
Bay StateGas. Host on Cos. sale deni'd 97b Peuria Dec. &Ev. 1st assess.S24; rife/). 97?
Bennington & Rutland— refund. 975
do
do
coup.1174
Central Pac ...B r etherton's circular. 869 Rich. Nicli. I. & B....salt confirmed. 1< 72
do stockholders' noticf.1118; rear- .1172 Sand. Mans. & Newark., .sep. reevr. 1072
«Central Verm ont..dewsi’ s. etc.923, 976
do
commit’- e. 1116; coupon, 1116
Cent. W ashington.aal'.lllS; sfcarus.1172 Saratoga & St. Lawrence ...... sold 1116
Chicago & North Western.neiaSkto.KEO Southern States Land & T. ..reorp.li*72
do nh tract of ntwmtce. 11‘.2, 1175 St. L. & San Frau— Branch Lines. 925
O u c. R.1.& Vac.refund.plan 976 1070 Superior Consol. Land......... forecl. 111G
Chic, x Southeastern Ry........recur. 924 Tacoma Land Co.................... sale.L072
cine. Term.Trac sfer. Hrw securities.1172 Toledo St. I j. & K. C ..../ora Jo.825, 1116
Chicago & West Michigan .couponing , On. Pac..saJe.825, 870; sale confirm. 9i’G
Cincinnati N. o .& T e x . Pac.*f«tue.tl73 1
do
................. Advisory com. 1025
Colorado Midl’d ...assess >t. notice. 1071 I
do ..1st Qs to he paid Jan. 20.1072
new secur. in Jan.1113 I
do
.sale collar. Morgan no'es. 1072
• Columbus A Cin. Minland__ coup. 824 .
do
Kansas Pad fie sale. 1127,1174
<>>1umbos II. V. & Tol. reorp. plan 976 ’ United States Car..................... sale.1174
t 'onneraville (Ind.) Gas A Eiec.mte.1071 Wheeling & L. Erie..prelim, assess. 826
Cum. A <>. Riv., North DIv...... soW.1173 I Wisconsin Central..impvf.bds. def. 879
Cuyier & Woodbilrn rtorg. new co. 870 1
do
do
— reorg. status. 1027
S W a t e r ..........sale.1023 1
St r e e t R a i l w a y s .
Elmira Municipal Im prt......fortd.1071 <
Equitable Gas. N .Y ... ctmsol new co. 8i 9 Belle C’y Elec. (Racnne.Wis.) new?co.1113
Evansv.A Richmond.new c mpau v.1173 Belt Ry. of Washington, D. C .sale.1172
Excelsior Springs RR..............sale.1173 Boston Kiev.. ..No West End lease.1026
Ki Plain & Kichtlekl Springs..sale. 869 Brooklyn Cable RR..................rate. 11?2
Franklin & Megantic...... mid. 924.1071 Columbia & Maryland (Balto.Jrav.ll 73
Gal vest. La. P. & 11. .proposed sale. 9:6 Dallas City St.............................sold.1173
Dei,. •*»•*> Wyoming Val. .default. 1114 Elmira & Horseheads Ry.......r«m/.l07i
Greenwood Anderson JkW. ..sale. 869 Eng. & Chic. Elec.. .sale confirmed. 1023
International Bridge Sc Tram ..sold. 976 FtutonWall &Cortl.St.F*y.ratel071, 1173
Kentucky & Indiana Bridge coup. 976 Kings Co. El. (Bklyn)..C/i. ofrecnr.luii
Lake Erie Alliance & S o...... renrg. 924 Lincoln (Neb.) SI. R y ....sale. 976, 1114
Land & River Imp. Co., .com. plan. 1024 Madison (Wts.) City Ry........... sold. 1071
L itilejtock A Memphis........ iode.1115 N. J. Electric (Paterson)..receiver.1174
Lou. Ev.&St L.con.prop.plan.1024, ir»:3 Norfolk & Ocean View............ sal*. 1024
Louisville A St- Louts... sold.1174
Terre Haute Elec...*reevnhip. cosc.1025
Mem. A Charleston
.fortcl. 9 6;
Watertown & Brownsville St.sofd.1127
status. .1124. 1071, 1115, 1174 Water. & Fair. Ry. & L. (M.).rcory.l02?
Mo
own A Dumb. Gap.
..sale. 8»-9 West End St. (Bo8t.).fraeerfl>aprd..l(-2(i
Newark Somerset & Straltsv. def. 823
do
do leas to'be modified.. 107 o
Y V. Eeltlng A Packing........ sale. 1024
Zanesville Ry. & Elec............ recvr.ll^j

Allentown k L e h ig h Valley Traction.—Bonds Val cl.—
A press dispatch from A lle n tow n , P a ., says th e C ourt o f C om ­
mon Pleas, on D ec. 2 • sustained the finding o f R eferee Joh n
G-ipp, declarin g valid and c o lle ctib le the m ortg a g e o f $200 oim given by the A lle n to w n & B ethlehem R a pid T ra n sit Co.
to the Old C olony T rust C o.— V . 02, p. 906.
Am erican M a ilin g .—F in t Dividend.— T h e directors have
1% per cen t on the preferred

declared a quarterly dividend o f

stock , payable Jan 15.

[VOL. LXV

A t la n t i c T r u s t C o.— Conservative Action. — It is an­
n ou n ced th a t th e trustees o f the A tla n tic T ru st C om pan y
h a ve determ ined u p on a con serv a tive p o lic y lo o k in g to the
reten tion fo r a tim e o f the co m p a n y ’ s earnings in its business,
thus stren g th en in g its s u r p lu s T h e y h ave also decid ed to
take fr o m th e com p a n y ’ s su rplu s a cco u n t and pla ce in sus­
pense to m eet th e p ossib ility o f losses a b ou t $250,000. T h is
p o licy has alrea d y been a p p roved b y a con sid era b le n u m b er
o f the la rgest sh areh olders. T h e com p a n y has ju s t declared
a d iv id en d o f 2 per cen t o u t o f th e earn ings fo r the qu arter
en din g D ecem b er 31, payable J a n u a ry 3 to sto ck o f re co rd
D ecem b er 27. T h e n et earn in gs in th e last qu arter h ave
been equ al to a b ou t 3 per cen t on th e stock . T h e State
B a n kin g D epartm en t fo u n d th e co n d itio n o f th e co m p a n y on
S eptem ber 22 la st to sh ow a su rplu s o f assets o v e r lia b ilities
o f $446,575.
B a lt im o r e «fc O h io R R .— Right to Deposit Consol, os Ex­
pires Jan. 2.— T h e tim e fo r d ep ositin g con solida ted m o rt­
gage 5 per cen t g o ld bon ds du e 1988 w ith J . P. M organ
& C o., B ro w n B roth ers & Co. an d B a rin g , M a g ou n & Co.
w ill exp ire on Jan. 2, 1898.— V . 65, p. 1072.
Interest Payments arid Defaults Jan. 1 . — T h e cou p on s du e
Jan. 1 w ill b e treated as fo llo w s :
CO UPO NS TO B E P A ID .

Nam e o f loan.
Outstanding.
Coupons paid at—
Pitts. Ar Conneilsville 1st ex­
tended 4 s ........... ......................... $ 2 ,5 8 1 ,0 0 0 Vermilye & Co., N. Y .
B. & O. receivers’ car trusts of
1896 6 s ............................................ 3 ,4 0 0 ,0 0 0 Mercantile Trust Co., N .Y .
Pitts. & Conneilsville receivers’
Balt. Trust & Guaranty
certificate 5 s .................................
650 ,0 0 0
Co., Balt.
Winchester & Potomac 1st 6 s ...
1 47,233 B. & O. office, Baltimore.
Winchester & Strasburg on
stock—dividend........... ...............
7 4 ,6 0 0 B. & O. office, Baltimore.
COUPONS N O T TO R E P A ID W H E N D U E .

Pitts. & Conneilsville consol. M.
sterling loan 6 s ........................... $ 6 ,6 4 8 ,2 2 4 See also Y . 65, p. 2 3 4 ,2 7 6 .
Sanduskv Mansfield & Newark
Jan., ’9 7 , coups, were paid
1 -t M. 7 s ......................................... 2 ,3 0 0 ,0 0 0
Dec. 15,’ 97. V. 65, p. 1116.
Columbus & Cincinnati Mid. 1st
July, ’ 96, couijs. were paid
extended 4 ^ s ............................... 2 ,0 0 0 ,0 0 0
Oct. 1 /0 7 . V. 65, p. 619.
— V. 65, p. 1072.

Baltimore & Ohio Southwestern R y .— Listing o f Ohio
<£ Mississippi First Consols Extended..— T h e first con sols o f
th e O hio & M ississippi ex ten d ed fr o m “ Jan. 1, 1897, f o r fifty
years, at 4 per cen t in terest p er an n um , pa ya b le sem i-an n u ­
a lly J a n u a ry and J u ly in ea ch yea r, p rin cip a l and in terest
pa ya ble in g o ld coin o f th e U n ited States o f th e present
standard o f w eig h t and fineness,” h ave been listed on the
N ew Y o r k S tock E x ch a n g e. T h e tru stee o f th e m ortg a g e is
th e U nion T ru st Oo. o f N e w Y o rk . In Ju n e, 1872, an ar­
ran gem en t w as m a de for estab lish in g a sin k in g fu n d fo r the
pu rpose o f re tirin g $8,600,00 >o f these bon d s ; th is arra n ge­
m en t w as su b seq u en tly ab an don ed, and has n o t been in fo r c e
fo r m a n y years : u n der it, h ow ev er, $155,000 o f these b on d s
w ere retired and ca n celed . U n d er the term s o f the extension,
an agreem en t w ill be en dorsed u p on the bon d s orig in a lly en ­
titled to the sinkin g fu n d , as fo llo w s :
It is further agreed by tlie holder of tliis liond tliat the bonds now
lield by the Union Trust Company of Now York', in the sinking fund,
shall be canceled by said trust company and delivered to the Balti­
more & Ohio Southwestern Railway Company, and that the sinking
fund agreement hearing date June 21, 1S72, between the Ohio &
Mississippi Railway Company and Allan Campbell and Samuel U. F.
Odell and the Union Trust ( om pany of New York, shall be, and so far
as this bond is concerned is. rescinded and held for naught.

O f th e first con sols exten d ed , $3,615,000 h ave been a d ­
m itted to the list, and ad d ition a l bon d s w ill be ad ded as is ­
sued u p to a total am oun t o f $3,385,000. E a ch exten ded b o n d '
carries a n ew a greem en t as fo llo w s :
By this contract and coupon sheet providing for the payment of in­
terest at the rate of 4 per cent per annum in gold, free of all taxes,
which the company m ay be required to retain, made by the Baltimore

D ecember 25, 1897.J

THE CHRONICLE

& Ohio Southwestern Railway Company aa l attached to this bond,
and by its acceptance by The bolder, it is .mutually agreed that the prin­
cipal of said bond shall be payable in gold coin of the United States of
the present standard Of weight and; fineness and shall not be due or
payable not l the first day of January, 1947, unless default is made in
naymeufc of interest on rhe same for six months after presentation o f
the proper roupous, which, extending to said date, said company has
nttac-lmd o said bond and promises to pay on s mil presentation, b at
upon such default the principal will thereupon be due and payable;
the mortgage to secure this bond remains unimpaired, and no part of
this coot m et shall be construed to affect its validity or priority. - V .
6 5 , p. 1113.

B ay S ta te G as C om pan y o f D ela w a re . S u i t Discontin­
u'd .— A d ispatch fro m W ilm in g ton , D al., D eo. 2 >, says the
suit o f G .ilfrev M orse and oth ers against th e com p a n y has
been d l-ca n tin a e d npon ord er fr o m J u d g e D allas o f the
U n ited States C ircu it C o u rt,— V . 65. p. l l t o .

1219

shares, and can create n o b o n d or m ortg a g e w ith o n t th e c o n ­
sent o f 90 par cen t o f its p re fe rre d stock. Its plant and equ ip ­
m en t are estim ated to be w o rth $1,5 0,0< 0 and its business
‘ •will con sist in b u y in g , selling, elev a tin g and sh ipp in g coa l
i and co k e f o r the C in cin n a ti m arket, and all oth er poin ts
|
trib u ta ry th ereto, w h ich the rep orts o f the C in cin n a ti C h am ­
b er o f C om m erce sh ow t o h an dle ov er 2,500.000 tons, or 70,I 000,000 bushels a n n u a lly .”
;

C le v e la n d C in c in n a ti C h ica g o & St. L o u is R y .— Dividin'!
on Pre ferred.— As an n ou n ced in th e C h r o n i c l e last w eek a

dividen d o f liv per cen t w ill be p u l on the preferred, stock on
Jan. 20, 1898, to stock h old ers o f record Doc, 34. F ro m 1890 to
A p ril, 1897, the com p a n y paid 5 per cen t per an n um on this
stock 11J7 pier cen t qu arterly), b a t this y e >r the J u ly a u i O c t­
ob er dividen ds w ere om itted, m ik in g on ly 2K4 o s r ce n t paid
B r o o k ly n R a p id T r a n s it - S e a B ea ch R y .— $ t,i 17,000 in th e tw e lv e m on th s en d in g D ec. 31, 1897
T h e statem en t
Bonds Lisu
T he B rook ly n R a p id T ran sit C om pan y h a s '
o f earn ings p u blish ed b y us last w eek (pages 1168 and 1167)
lis t e l o s th ? X - v Y o rk S lo c k E xch a n ge $ l f‘)i7,0>) i a d it sh ow s a su rplu s o v e r ch a rges for th e fo u r m ou th s e n iin g
tio n a l 5 per cant bon ds o f 1993. m ik in g the tota l a m ou n t i O ct. 31. 1*97, o f $134,303 (against $151,906 in 1893); th e d iv i­
listed $8 393,000. T h e n ew bon d s w ere applied as fo llo w s :
dend n o w declared calls fo r '$ 35,000.— V . 65, p. 976,

pur the purchase ot 3 1 9 0 ,7 5 2 , parvata e. ot the capital stock and !
- (T.I -K) drat mortk' w - bands of the S**a View HR., th« purchase of
C o lo ra d o M id la n d RR. —Mortgage Filei .— T h e com p a n y
B w ok lyn Q u -eas County A Suburban E R . ii st consols (che Transit has ex ecu ted its n ew first m ortga ge fo r $ 10 , 0 . 0 , 0 )0 to the
v ow niui 3 1 .2 5 5 ,0 0 ». par value, of said bonds, an inoreasB of 3 3 3 1 .0 0 0 since the last listing}: and for extensions anil Im ­ C entral T ru st Co. as trustee.
Coupon Payment and Drawn Bonds.—N o tice is g iv en that
provements on the Brooklyn City RK, the amount of sues oonstructton eipenaltnrea beiog re-pavab lehvthe Brouklyn City RR. at- tile
funds have been deposited w ith th e C entral T ru st Co. to pa y
termination of the lease Of the #67.0.000 cash which has thus been i
applied since March 31 last about # 1 6 2 .0 0 represents extensions, th e Ja n u a ry cou p o n o f the n ew m ortg a g e b on d s as soon as
sir,.Tesy new bulltlnur* and shops, r-'OS.hOO additional cars and elec­ th e secu rities are issued, w h ich w ill be a b ou t F eb . 1, 1898.
trical r-piip-neuo (hot renewals), and the remainder
electrical T h e d ra w n equ ip m en t bon ds, series B , num bers o f w h ich
conversion ami reconstruction and for miscellaneous construction
have been p u b lish ed h eretofore, and cou p on s o f the equip­
purposes tiinee Its last application also the eiunpinv has increased
the -security o f tile mortvavc by the a •a\uislt<en of the entire capital m ent b on d s, series B , due Jan, i , 1898, w ill b e pa id at the
stock, am oontlok to $ 6 5 0 ,0 0 0 , of the Sea Beach Ry. Co., subject to a C entral T ru st C o .— Y . 65, p. 1113.
mortgage of f.V» ».t»«)0 l sisr cent gold tumia uov.- ontst indm<. This
C o lo r a d o V a lle y R IL — .Yew Road .— T h is T exas com p a n y
proper*, consists of a steam railroad bet .oven Bay Ridge unit Coney
Island, owning all its right o f way, and with valuable terminal and has begun the b u ild in g o f 74 m iles o f ro a d fr o m S w eetw a ter,
ferry privity res at fVHti Street, Bay Ridge, Urdu liny some 2 3 0 feet of
Texas, on th e T exas & P a cific R R ., s o u th e rly to B d lin g e r, or
water front property, - V. 0 5 , p I u70.

San A n g elo, on the G u lf d iv is ion o f the A tch is o n T opeka &
Con ral R R , o f N ew J e r s e y . —Listing o f S i,330,000 Gen­ S anta Fe. A b o u t 3 ) m iles o f track , it is stated, h ave been
eral Mortgage Bonds fo r Refunding — G eneral m ortg a g e 5 laid. A n exten sion t o S in A n ton io, etc., is also p rojected .
per cent bonds o f lb-di for 32.320,0 0 h ave been listed on the Irv in g W h e a tcro ft o f Sw eetw ater is V ice-P resid en t and
N e w Y o r k S tock E x ch a n g e, h a v in g been issued under the G eneral M anager o f the com p a n y .
T h e com p a n y several
term s of the m o rtg a g e to retire L eh igh C oal & N a vigation w eeks ago ap plied to the T exas State R a ilroa d C om m ission
bon ds dtv D ec. 15, ih®7, $3,31').' 00. and ad ju stm en t b o n d s ; fo r a u th ority *to issne $1,264,000 o f bon ds, at th e rate o f
ca lle d fo r paym en t, 310,0b ), T h e L ab igh C o i l & N a viga tion $16,000 per m ile, to m eet the cost o f con stru ction , etc.
bon d* w ere assum ed as a m eans o f pa yin g fo r the equ ipm ent i
C o n tin e n ta l M a tch — Diamond M a tch .— New Factory .—
o f the L eh igh & Sosqa eha nn t R R . purchased at its in v en ­
T o u ch in g th e rep ort th a t the C on tinen ta l M atch Co. h ad de­
toried va lu e under an agreem en t dated M trch 31, 1371. T he
cid ed to establish m atch w ork s near C h ica g o an d w a s ab ou t
am oun t o f general m o rtg a g e b o n is n o w on the list is $43,934.to con v ert to this use the R iv e rv ie w fa c to r y o f th e K ankakee
0 II.— V . 65, p. 1114.
F u rn itu re C o., P residen t E d w in G o u ld is q u oted as saying:
C e n tr a l I n ion T e le p h o n e .— Bonin Offered,— K essler &- “ I bou ght the fa cto ry at K ankakee becau se the C on tinen tal
C o. and U -n d erson & C o. offer f o r su b s crip 'io n at 1(5 and M atch Co. h ad ou tg row n th e plant at Passaic. I als >th ou gh t
interest 3 (.280,' 00 0 per c e n t first m ortga ge g old bonds o f the it tim e to en ter th e W estern field .” —V . 64, p. 82: V . 65, p. 1023.
Central U n ion T eleph on e C o., pa rt o f an a u th orized issne o f
C o r v a llis & E a ste rn R R .— O re g o n C e n tra l & E a ste rn .—
$3,00 '.000 d u e J u ly 1, 1910, w ith op tion o f paym en t b y the New Company.—T h e C orva llis & Eastern R R . has been in co r ­
com p a n y a fter Jan. I, 19U0, at 11)5 and in terest, th e Illin ois pora ted in O regon w ith au th orized capital s tock o f $2,500,000
T ru st & Savings Bank o f C h icago, Trustee. The company- and p ow er to co n s tru ct and operate a ra ilw a y lin e fr o m Y a h olds licen ses fo r ail the instru m en ts and apparatus ow ned qu in a Bay, O re., t o Snake R iv e r , in M alpeu r C ou n ty [a t a
Or con tro lle d by the A m erica n B ill T elep h on e C o. in the I poin t p rob a b ly near H u n tin g ton on the O regon R R . & N a vi­
te rrito ry co m p risin g the States o f O hio, Indiana and Illin ois, gation C o.'s lin e]; also a bran ch road fro m near P rin ev ille to
and is operated under the general p olicy o f the A m erica n C a lifornia, th rou gh Lake C ounty. T h e o b je c t o f the n e w
B ell T eleph on e C o,, w h ich ow n s m ore than h alf the ca p ita l , com p a n y is said to be to purchase and ex ten d the O regon
sto ck o f the Central U n ion T eleph on e Co. an d also a large Central & Eastern R R ., w h ich run s fr o m Y aq a in a to Idanah,
part o f its bon ds, the present issue in cluded . T he net earn­ O re., 142 m iles. T h e O regon C entral & Eastern w as su cce s­
in gs fo r 1397, tw o m on th s estim ated, are $340,737, or tw ice sor o f th e O regon P acific R y . A , B. H a m m on d , P residen t o f
th e interest cha rge. T h e report fo r 1896 w as in V . 61, p. 338. the O regon C entral & Eastern, is at the head o f the n ew
C e n tr a l V e rm on t R 1 .— Ronds Cad'ed.—S ix per cen t eq u ip ­ co m p a n y .— V. 60, p. 712.
m en t bon ds n um bered a- fo llo w s , v iz ., 5, 6 , 9, 18. 29, 33, 115,
D e t r o it E le c t r ic R y . —Payment o f December Coupons.—
HU. 127, CM, 135, 101 . 182 , 20 ) , 253, 2 5 i, 362, 308, 309, 303, 862, R e fe rrin g to th e rep ort th at th e D ecem b er in terest o f the
:;vr, : m . Its; and 1st, have been d ra w n and are payable, w ith D etroit R y . had been d efa u lted, the T reasu rer o f the C lev e ­
a ccru e d interest o f J a n . 1. 1393, at the office o f the U nited land T ru st Co. w rites “ that such is n ot the case: that the
States .M ortgage & Trust C o., N e w Y o r k .— V . 05, p, 076.
fu nds fo r the D ac. 1 cou p on s w ere p la ced w ith us, an d that
O n t r a l i a A C h e ste r R R .—L /m Completed.— T h is ro a d has the m a jo r ity o f th e cou p on s h a ve been presented and paid.
been exten ded b y the receiver from E van sville, 111., to Ches- ’ W e also w ish to state th at th e interest o f the D etroit R y .
t e r o u t h c M ississippi R iv e r, m a k in g the entire line fro m bon d s has alw a ys been m et w hen d u e .”
Salem to Evansville, in clu d in g the branch to R o s b oron g h ,
T h e rep ort o f a d efa u lt arose fr o m th e fa c t th a t th e m on ey
fo r the coupon s o f certain o f the secon d m o rtg a g e bonds
1K> m iles in le n g th .—V . 65, p. 1172.
Chase N a tio n a l B a n k . N ew Y o r k C ity .— Increase o f Stock o f the D e tro it E le ctric R y . w h ich are h e ld b y inside in ter­
Authorized,—The sto ck h old ers on T uesday au th orized the ests w as w ith h eld o w in g to som e disputed m on ey a ccou n ts
in crease o f the ca p ita l s to ck fro m $5011,000 to $1,000,000, as betw een th e D etroit C itizens’ Co. and the D etroit E le ctric
recom m ended b y the d ir e c to r s a fe w weeks ago. T h e increase R y . Co. T h e in terest, it is u n d erstood , has been earned and
w ill i i n hi-- by- the ab sorp tion o f pa rt o f the bank’s u n d i­ w ill b e pa id w h en these differen ces are settled .— V . 64, p. 82.
vided profit- to that am oun t. T h e bank w ill thus ou Jan. 1,
D e t r o it G as Co.— Meeting to Authorize Sale o f Property.—
189s , h a ve a ca p ita l o f $ 1,000 ,0 0 a surplus o f $ 1, 000,000 an d A sp ecia l m eetin g o f the stock h old ers w ill b e h eld in D etroit
u n d ivid ed profits o f from $50,000 to $ 100, 000 .—V . 65, p. 1023. on Jan. 17, 1898, for the pu rpose o f a 'tin g u p o n the qu estion
C h ica g o T e r m in a l T r a n s fe r R R .— Listing . — T he N ew w hether th e com p a n y shall sell all o f its property, franchises,
Y o rk Stock E x ch a n g e has a u th orized the p la cin g o f this etc., u p o n term s to b e decided upon at s a il m eetin g, to a n ew
com p a n y 's secu rities n pon the official lilt as fro m tim e to corp ora tion p roposed to be orga u izad.— V . 65, p. 630.
tin,*- issued, up to th e fo llo w in g am ounts, v iz .: M ortg a g e 4
F a r m & D a ir y P r o d u c t C o .—New Consolidation. —This
per cent g o ld bonds o f 1947, $13,000,000 ; fo u r p er cen t noti- com p a n y w as in corp ora ted at T renton, N . J ., D ec. 21, w ith
cu m u la tiv e p referred stock , $ 1 7,00 0,00 ); com m o n stock , an a u th orized capital stock o f $15,000,0 >0, t o b u y and sell
m ilk, b u tte r and oth er farm p r o d u c ts ; its im m edia te o b je e
$13,0 0,t 00.— V. 05, p. 1172.
C itiz e n s ' C oal A C oke Co. o f C in c in n a ti, 0.—$1/150,000 being to con tro l and handle the m ilk su p p ly o f N ew Y o r j
Prrferre I Stork Offered.—W . E. H n -to n & C o. o f C incin na ti. C ity and su bu rbs. S tock to th e am ount o f $1,000 has been
O .. are offerin g fo r su bscription the $ 1 ,2 ) 0,000 seven par cen t paid in. T h e in corp ora tors are : J oh n B. Sum m erfield and
cnm ril rtivo preferred stock o f this com p a n y , a corp ora tion H en ry C. E v erd ell o f B r o o k ly n : Sam uel B. L a w ren ce and
form ed under the taws o f W est V irg in ia to u n ite an d operate F ran cis P . L ow rey , N ew Y o rk , and B urnham C, S tiekney,
O f th e stock $11,i 00,000 is t o be co m m o n and
eig h t C incin nati coal com panies, w h ich have been in su cces s­ E lizabeth .
ful operation for from tw en ty t o fifty years. O nly tw o p r o m ­ $4,000.i 00 8 p er cen t n on -cu m u la tive preferred. T h e P resi­
in ent coal com panies in C incinnati, *t is said, are n o t included dent o f the com p a n y is J. B. Siim nierfieli!, 63 W a ll Street,
in tii-: consolidation , T he n ew com p a n y is capitalized lor N ew Y o rk .
$2 , 734,000 co m m o n and s i,250,0)0 p referred stock , in $100 . T h e “ N ew Y o r k T im e s ” on W edn esday sa id :

Jib

1220

THE CHRONICLE.

[VOL. LXV.

frien d s o f the com p a n y u n til a fa v ora b le tim e f o r m a rk e tin g
secu rities sh ou ld a rriv e.— V . 65, p. 821.
K a n sa s C ity W a tk in s & G u l f R y .— Foreclosure Proceedings
and Reorganization Status.— F o re clo s u re p roceed in g s h a v e
C°T heV'auot the trust is to have a large central distributing depot in been in stitu ted in the U. S. C ircu it C ou rt at S h revep ort, L a .,
New York with a branch depot in Brooklyn. Wholesale dealers are
to be invited to sell out to the trust and join it. A n appraisement ol b y tb e F a rm ers’ L oa n & T ru st C o., th e trustees u n d er th e
the business of eaoh is to be made, and the dealer Is to bo paid a cer­ m ortg a g e.
T h e m otion w as heard on D ec. 11 an d a p o s t­
tain proportion in easli. and to take the remainder in stock in the pon em en t taken.
T h ere are tw o reorg a n iza tion com m ittees
trust But he is to sign a contract that lie will not start a new milk
business in the city or within a radius of at least twenty miles for the in v itin g deposits, one w ith th e G ira rd L ife A n n u ity & T ru st
Co. o f P h ila d elp h ia and th e oth er w ith th e M etrop olitan
nLAAerVoeeuring tlie wholesale dealers the trust is to take the retailers T ru st C o., N e w Y o rk .
T h e n am es o f th e la tter co m m itte e
In hand. There arc said to bo 4 .0 0 0 milk wagons in New York alone,
four or five wagons oiten delivering milk in the same street. The are W m . H . M ale, D . O. E sh b au gh , J oh n C. H a v em ey er and
A n u m b er o f fo r e ig n b on d h old ers, re p re ­
trust proposes to have say 1,000 wagons, with one route only for each T h eron G . Stron g.
wagon. I t this manner the trust will save an immense amount of sented b y A lex a n d er & G reen , 120 B roa d w a y , N e w Y o r k , a r e
money by the closing up of several hundred milk stores and the laying u n d erstood to b e a c tin g w ith th e la st-n am ed c o m m itte e .—V .
up of 3.000 wagons. This great economy, Mr. Gilmor argues, will en­
able the trust, to sell better milk for less than it is being sold now, and 65, p. 729.
at the same time to pay the farmers better prices.
L a c le d e G as (S t . L o u is ).— Case Postponed Till Feb. 21.—
T he fo llo w in g w holesale m ilk dealers, it is u n derstood, A t W a sh in g ton D ee. 20 th e Su prem e C o u rt p ostp on ed a rg u ­
have as yet n ot com e in to the con solid a tion a g reem en t: N ew m en t o f th e com p a n y ’s case u n til F eb . 21.— V . 65, p. 778,
Y o rk Condensed M ilk Co. (H . L . B orden P residen t), N ew
L o u is v ille E v a n s v ille & S t. L o u is R R .— Foreclosure Suit
Y o rk Milk C o., Beakes D a iry C o., W . A . B la n ck & Co. and Under Fir d Mortgage.—T h e co m m itte e o f w h ic h J o h n W ..
B a ld w in & O ’Brien.
G ra h a m o f B oston (P residen t o f the In tern a tion a l T ru st C o.)
H e r rin g -H a ll-M a r v iu .— Receivers Appointed .— W r ig h t D. is Chairm an, representin g the first m o rtg a g e bonds o f 1886,
P ow n a ll. one o f the v o tin g trustees, and ex treasu rer G ray, has in stru cted its cou n sel, J u d g e A le x . P. H u m p h re y , t o
o f N ew Jersey, have been a p poin ted receivers o f th is com ­ b rin g a su it fo r the foreolo lure o f th eir m ortg a g e . T h is a c ­
pany in N e w Jersey. A p p lica tio n has been m a de fo r tb e tion is the resu lt o f the fa ilu re at a m eetin g last w eek o f th e
appointm ent o f receivers in O hio an d N e w Y o r k .—V . 65, com m ittees representin g resp ectiv ely the first m ortg a g e
bonds and the con sols to agree on a plan o f reorg a n iza tion .
p. 235.
T h e plans p roposed b y th e tw o co m m ittees are d escrib ed
H u tch in son & S o u th e r n R R .—Sole Jan. 14.— T h is roa d is b y th e L o u isv ille ‘ -C ou rier-J ou rn a l” as f o llo w s :
advertised to be sold under fo reclosu re at H u tchin son , K an .,
Tile plan submitted for tlie consolidated bondholders was as follows:
Jan. 14, in tw o sections, one exten d in g fr o m H u tchin son to Issue £7 , 0 0 ,0 0 0 of 4 per cent muds, $ 5 ,0 0 0 ,0 0 0 of which to be issued
Cam eron, K an ., 82 m iles, and tb e oth er fr o m C am eron to Immediately: also $ 3 ,7 5 0 ,0 0 0 of 4 per cent.non cumulative, preferred
W akita, O kla., 10 m iles. T he trustees u n d er the deed o f stock, and $ 3 ,0 0 0 ,0 0 0 of common stock. It proposed to give tbe first
bondholders and Roekport holders only $ 1 ,4 9 5 ,0 0 0 of tb e
trust secu rin g the U n ion P a cific g o ld n ote 6 s o f 1891 (M organ mortgage
bond issue and the same proportion of sto :k, reserving for itself
notes) h old as p a rt collatera l fo r th ose notes p ra ctica lly a ll o f $ 2 ,4 2 5 ,0 0 0 of tbe bonds and a proportionate amount of the stock.
The plan submitted by tbe committee representing tbe first mortgage
the securities o f the H u tch in son & Sou th ern, ex clu sive o f
receiver's certificates, v iz .; $6,434,900 stock (ou t o f $7,320,000), bondholders, was as follow s: To leave the first moregag bonds intact
and provide for the payment of ail back in terest; to issue $2 ,0 0 0 ,0 0 0
$l,b25,OOt) first m ortga ge 6 s and a note on w h ich $417,874 re
of second mortgage 5 per cent bonds and with them provide for the
mains due. These securities th ey have con tra cted to sell first m ortgage bonds on the western end of the line and for the second
mortgage
bonds on the eastern end of tbe line; to issue $ 4 ,0 0 0 ,0 0 0 of
“ upon exercise o f an o p tio n ,” the foreclosu re sale o f the c o l­
3 per cent second mortgage income bonds and with them to provide
lateral on Jan. 12 being expressly m ade s u b je ct to th is option, for
tbe retirement of tne consols, and the Roekport b m is . It alsoas the reader w ill see on referen ce to the n o n c e on page iv. o f suggested the issue of $ 1 ,4 5 0 ,0 0 0 of preferred 4 per oeut stock and
the advertisem ents in the C h r o n ic l e f o r Deo. 4, 1»97. The $ 5 ,0 0 0 ,0 0 0 of common stock.
o w n e r s .it is understood, purpose to exten d the roa d south to
T h e lien o f the several m ortga ges is sh ow n iu th e f o llo w ­
D enison, T exas— indeed, an extension o f 22 m iles fro m in g ta b le; in th e C h r o n i c l e o f M a rch 14, 1896, pa ge 499,
Cam eron to M ed ford , on. the R o i k Island road , was co m
w as a descrip tion o f the severa l lines an d th eir earn ings:
pleted by the receiver on ly la st M a rch .—V . 61, p. 184.
Title o f Loan.
Am ount.
First t en on.
Miles.

John D. G'lmor, the promoter. Is a wealthy hater in Greenwich
Street The people who are hacking him are said to be principally
Englishmen. ‘ Mr. Gilmor was enabled to seenre their aid more easily,
it is said, because the retail milk trade in London is unitod under one

Is a b e lla F u rn a ce C o .—$1 250 000 Bonds Offered.—W h it ­
ney & Stephenson o f P ittsb u rg offer f o r su b scrip tion at par
and interest $L,250,ui 0 p u rch ase m oney m ortg a g e bonds o f
the Isabella F u rn ace C o
T h is com p a n y has been iu opera­
tion constan tly since 1871 and ow n s three blast fu rn aces at
Etna, A llegh en y C ou n ty, P a., 1,130 acres o f co k in g coa l in
W estm orela nd and F a yette coun ties, P a .; a co k in g i-lant o f
252 ovens, lim estone quarries, ra ilw a y cars, etc. T h e bonds
are a first lien upon p roperty v a lu ed in th e a ggrega te at
$2,518,195. T h ey bear interest at th e rate o f 5 6 10 per cent
per annum , free o f all taxation u pon either p rin cip a l or in ­
terest, and are payable Nov. 1, 1927, a ll paym ents to be m ade
at the Safe D eposit & T ru st Co. o f P ittsb u rg , w h ich is tru s­
tee under the m ortgage. T b e officers are: J oh n W . Chalfan t, President; A E. W . P ainter, V ice-P resid en t; Jam es
D arragh, Secretary; J P ainter J r.. T rea su rer: T h e cap ital
o f the con cern is $ ,250,000. T h e d a ily ca p a city o f the fu r ­
naces is p u t at 650 tons, or, in rou n d figures, 235,000 tons per
annum .

L. Ev. & St Louis 1st M. 6s of 1880. $4,003,0 JU N. Albany to Mt. Vernon.180*38
Ev. Rock. & Eastern 1st m rtgage? onn enn <E vanw ilie to Jasper........ 54*22
6s o f 1881.......................................... S
uu,uuu ) Rockp’t June, t o Rockp’t. 16*15
Louisv. Ev. & St. Louis consol. 5s..
3,19/.500 Mt. Vernon to Belleville.. 64*32
Venice & Car. 6s o f 1880-82.............
300,000 Junction to Venice, 111—
6*Stf
Hunt. Tell City & Cannel. « s ...........
300,n00 Lincoln City to Cannelton 22*72
Illinois Sb St. Louis 1st m ortgage...
200,000 Belleville to E. St. Louis.. 13*91

T h e L . E v. & St. L . $670,001 o f secon d m o rtg a g e 6 s o f 1886
are a secon d Hen on the 180-38 m iles, s u b je c t to th e lieu o f
the first m ortgage. T n e fo re clo s u re o f th e first m o rtg a g e
and the separation o f the roa d co v e r e d by it fr o m tb e rest o f
the system w o u ld d iv ile th e m ain lin e in tw o pieces an d be
so serious in its resu lts that it is t i be ex p e cte d a c o m p r o ­
m ise betw een tb e tw o interests w ill y et be e ffe cte d .— V . 65,
p. 1173.
L a w r e n c e & E m p o r ia lly .—Rec iver Appointed.— H ira m
P. D illon , o f T opek a , has been a p p oin ted re ce iv e r o f th is
line, w h ich run s fr o m L a w n n c e to C a rb on H ill, K a n ., 30
m iles, b u t w h ich has n o t been operated sin ce M arch , 1894.
Its $465,000 bon ds are all p le d g e d as p a rt colla te ra l fo r th e
K ansas P a cific R R . con solid a ted m ortgage.
L in c o ln S tre e t R y .— Sold.— T h is p rop erty w as sold u n der
. Joint T ra ffic Association.—Case Postponed .— A t W a sh ­
ington D ec. 20 the C h ief J u stice o f th e U n ited States Su ­ fo reclos u re on D ec. 17 fo r $60,500, s u b je ct to $40,000 o r
m
ore
o f c ity ta x liens, to M . L . S cu d d er an d W illia m B e lch e r,
prem e Court announced th at the case o f the U n ited States
against the J oin t Traffic A ssociation had been re-assigned for representing th e first and secon d m ortg a g e bon d h old ers. T h e
su ccessor com p a n y w ill b e o rg a n iz ed u n d er th e plan in V.
argum ent on Feb. 21.
Action As to Rates.— On W edn esday a con feren ce w a s held 65, p. 277.— V . 65, p. 1114.
'^ Presidents o f the tru nk lines, the Presidents o f their
L o u is v ille & S o u th e a s te r n R y .— R ic h m o n d N ic h o la s v i lle
ch ief W estern con n ection s and the B oard o f M anagers o f thf I r v in e & B e a t t y v ille R R .— Reorganized Company.— T h e
Join t Traffic A sssocia tion rega rd in g the s u b je c t o f rates and L ou isv ille & Sou th eastern R a ilw a y Co. w as in co rp o ra te d in
in particular the restoration and m aintenance o f th e rates K e n tu ck y th is w eek b y A d o lp h .Segal o f P h ila d elp h ia , E x upon east bound business. T b e con feren ce w as la rg e ly at G o v . Jam es B. M cC rea ry , D a v id F a irleig h and oth ers as s u c­
tended and w as co n tin u ed on T h u rsda y, w ith tb e prospecl cessor o f th e R ich m o n d N ich o la s v ille Irv in e & B ea tty v ille
, j a num ber o f m eetin gs w ou ld be req u ired to reach t R a ilroa d , re ce n tly foreclosed . E xten sion s are p r o je c te d fr o m
definite agreem ent. T h e serious exten t, h ow ev er, to w h ict Irv in e to B ea tty v ille, 32 m iles, and t o the co a l fields o f S ou th ­
rate-cu ttin g lias gon e w as fu lly recogn ized, and a stron g de eastern K e n tu ck y and Sou th w estern V irg in ia . T h e com p a n y ,
term ination is m anifested to rem ed y the evil.
it is stated, is a u th orized to issue $2,000,009 stock and $3,000,Board o f M anagers o f the J oin t Traffic A ssociation or 000 bon ds, in clu d in g th ose fo r n ew lin es.— V. 65, p. 1072.
euneBday announced n ew rates in grain and gra in p rodu cts
L y n c h b u r g ( Y a .) E l e c t r ic Co. —Ordered Sold.— A t L y n c h ­
this m atter h aving been referred to th e m a na gers at thf b u rg , D ec. 11, J u d g e S im on ton , in th e U . S. C ircu it C ou rt,
m eeting o f the Board o f C on trol o f th e A ssocia tion last w eek
entered a d ecree o rd erin g the sale o f th is p ro p e rtv u n der
r nil ay. The rates on grain and gra in p rod u cts are fixed a
fo re clo s u re o f a m o rtg a g e secu rin g , it is u n d erstood , $250,cents a hundred pounds from C h icago to this city , repre
000 o f bon ds. T h e co m p a n y ow n s five and a h a lf m iles o f
senting a red u ction o f 2 % cents, ex cep tin g th a t Corn is pu
tro lle y tra ck and has b een in r e ce iv e r’s ba nd s fo r ov er a year.
on a basis ot 17}£ cents a hundred p ou n d s,'C h ica g o to New
M e m p h is & C h a r le s to n R R .— S o u th e rn R y.—Modifica­
on ?^P.ort co rn fro m all p oin ts on th e east bank o
tion o f Plan.— hoads to Be Merged. —T h e M em ph is &
' n l , s 5Slppl IV vier a Proportional rate is fixed o f \1U centi C h arleston C om m ittee, A d ria n Iselin , J r ., C h airm an , in ­
The
F °n,n'l 3 t0„ c o v ®r shipm ents from p oin ts beyond
form s th e b on d h old ers th a t the Sou th ern R y . Co. has agreed
ih e new rates take effect Jan, 1 .— V. 6 >, p. 778?
on com p letion o f reorg a n iza tion to p u rch ase the road an d to
K ansas C ity F o r t S c o tt & M em ph is l l R .—Bonds fituld.- g iv e its o w n d ire ct d iv ision a l b on d s, secu red b y first m o r t­
m o t t ^ P?
f
13 ,statedt
sold $30 >. 04 consolidatef g a g e thereon, instead o f the first m o rtg a g e bonds prop osed to
S :« s 00 i’ it H t0 af? y Q
A -Ca-e
tbe P lr P030 in Part o f retirinj
be issued u n d er th e pla n ; also to d eliv er its p referred s to ck
whinl!
y Springfield & M emphis 6 per cen t b on d
in lieu o f tb e in co m e bon d s or p referred stock . T h e diW hich m a tu re ! M a y 1, 1894 , but w hich h iv e been h eld “
■vision al first m ortg a g e b on d s in each in stan ce w ill b e issu ed

THE ( HRONICLE.

D ecem ber 25, 1897.]

1221

in lien of an equal amount of first mortgage bonds of the new
New England Gas & Coke Agreement.
company and the Southern Railway preferred stock to the
Parties.—The agreement is made under date of Nov. 2 6 , 1 8 97, be
par amount of $400 in lien of the $400 incomes allotted un­ tween the New Yorfc Gas Improvement Co. and the Central Trust Co
Preamble.—The preamble reoites that tbe said Improvement Com
der the plan to each Tennessee lien, first mortgage or second pany
has entered into an agreement with the Ne w England Gas &
mortgage extended bond. Southern Railway preferred stock Coke Company, an unincorporated voluntary association, whereby it
to the par amount of $1,600 also will be issued in lieu of has agreed to endeavor to procure a loan for $ 1 2 ,0 0 0 ,0 0 0 to enable
$1,200 of incomes alloted under the plan to each of the 864 the said New England Company to purchase the following securities
To he
t Total
consolidated bonds.
purchased.
issued'.
In pursuance of this contract the Southern Railway Com­ Brookline Gas Light sto -k ............................... $2 ,0 0 0 ,0 0 0
$ 1 ,8 5 0 ,0 0 0
“
certificates of indebtedness......... 1 ,6 L5,000
1,6 1 5 ,0 0 0
pany has acquired all of the general mortgage 6 per cent
5 2 0 ,0 0 0
Dorchester Gas Light s t o c k .............................
517,600
bonds held by the committee of which Simon Borg is Chair­ Boston
United Gas bonds, 1st series............. 9,0 9 0 .0 0 0
1, 000,000
man, and proposes to deposit the same under the said plan of Jamaica Plain Gas Light C o.............................
250,000
1 38,200
March 5, lf-96, thereby insuring the accomplishment of the M assachusetts Pipe Line C o ..........................
(1)
all
plan of reorganization as now modified. The holders of cer­
t The amounts in this column are not othcial.
Also
to
purchase
certain
real
estate
in
the
town
of
Everett,
near
tificates for general mortgage bonds deposited will be enti­
city of Boston, nud also certain other shares of said and
tled on completi. nof reorganization to receive $2,000 Southern the
other companies; and to enable the said New England Co. to erect
Railway preferred stock in lieu of $1,500 in the income bonds jdants for the manufacture of coke, gas and other similar products, etc.
Loan.—The Trust Company, in consideration of the premises, etc.,
of the new company.
to loan to the Improvement Company the sum of $ 1 2 ,0 0 0 ,0 0 0
Thecommittee of which Simon Borg is Chairman also gives agrees
upon a 5 per cent note d it e i Deo. 1, 1897, payable Aug. 1, 189-*, aud
notice that in accordance with the agreement, duly rati- 1as compensation to receive $ 2 ,4 0 0 ,0 0 0 of the capital stock of said
fied, the Central Trust Company upon surrender of New England Co. Said loan. It is provided, shall be applied only to
its certificates will pay in cash the sum of $050 |the purposes above mentioned. and all property acquired therewith
be pledged as part security for the mortgage next below men­
for each $ .000 of general mortgage bonds with all shall
tioned. Upon delivery or $6 0 0 ,0 0 0 additional stock the loan may be
unpaid coupons attached.
Holders of Central Trust extended till Feb. 1. 1899.
Company receipts for 7 per cent bonds or for Guaranty I New Mortgage, Eta.— The Improvement Company shall deliver to the
Comp m y at the time of the making of the loan, as security
Trust Company certificates representing them have the op- ITrust
therefor, certificates of stock of said New England Company for $4,tion under toe settlement with the Soathern Railway Com- |800 ,0 0 0 of a total issue of ?17,5 00,000, and also $ 1 2 .0 >0.000 bonds of
pany to participate under the plan of the committeeof which a total issue of $17. >00.000, such bonds to bear interest at the rate of
per annum from Deo. 1 ,1 8 9 7 , payable semi-annually, and
Adrian Iselin, Jr., is Chairman as modified by the notice pub­ 5topercent
be secured by tne pledge to said Trust Company, as Trustee, of all
lished by that committee to-day or at an}’ time after Jan. 1, the securities aud personal property so to be purchased and by m ort­
and not later than Jan. 15, to receive par and accrued interest gage of all the real estate now owned or to be purchased.
The agreement of the Trust Company is made conditional upon the
for their bonds and conpons, with interest at 6 per cent per underwriting
prior to Dec. 1 of the entire amount of securities deliv­
annntn on all unpaid matured conpons less the amount which ered to it.
hat heretofore been paid. Upon surrender of its certificates
Prospectus.—The memorandum with the agreement says:
for stocks deposited, the Central Trust Company will return
P r o sp e c t u s
said stock and refund in cash the amount of the assessment
The New England Gas «fc Coke Co. has purchased, as appears in the
paid thereon, with a further snm of 5 per cent of the par value underwriting
agreement, practically all the stock of the Brookline,
of each share of stock so returned.
Dorchester and Jamaica Plain Gas Light Companies, which purchase
Coupo ■l'a i,
—The reorganization committee gives no­ carries with It the control of the Bay State Gas Co. of Massachusetts,
Boston Gas Light Co., the South Boston Gas Light Co. and the
tice that it expects to receive on .Jao, t partial payment of the the
Roxbury Gas Light Co.: briefly, all the gas companies in the oity of
conpons doe July 1, 1895, upon the 7 per cent bonds deposited Bostou. The purchase of the companies above named, together with
under the plan of reorganization, and that ont of the moneys the charter of the Massachusetts Pipe Line Co. and the lioeuse of the
coke ovens (i icluding the building of the ovens) cost
so received it will pay at the Guaranty Trust Co. of New $by-product
1 4 .0 0 0 ,0 0 0 ; a id in said purchase $ 2,0 0 0 ,0 0 0 .f the securities of the
York to depositors of Tennessee lien bonds, second mortgage company were used in payment. The remaiulng $1 2 ,0 0 0 ,0 0 0 required
extended bonds and first and second m /rtgage extended cash bus been loaned upon the compauy’s securities by the Central
bonds th>- sum of $24, and to depositors of consolidated 7 per Trust Co. The uaderwriters receive par of bonds, with a bonus of 40
cent stock.
cent bonds the sum of $18. for each bond deposited, such per
The gas companies in the proposed purchase earned net for
snms being the amonnt to which depositors would be entitled
the year ending June 30, 1h97, in excess o f ............................. $ 1 6 0 ,0 0 0
for six months interest due Jan. 1st, 1898. on bonds to be de- |Estimated profit on coke and on gas residuals........................... 2 48,500
of 2 ,5 0 0 ,0 0 0 ,0 0 0 feet of gas at 20 cents, per contracts.
500 ,0 0 0
livered to them under plan of reorganization.—V. 65, p. 1174. Hale
Having by use of coal gas by Brookline and Dorchester
companies at 10 cents ou 9 0 0 ,0 0 0 ,0 0 0 feet..............................
9 0 ,0 0 0
Metropolitan Street Ky.—Third Avenue HR., New York.
— Pending Agreement.—Conferences for a settlement of the
Total net profits
....................................................................... $1 ,2 9 8 ,5 0 0
points at issue between these companies and for the joint Interest ou the $ 1 2 ,0 0 0 ,0 0 0 bonds to be underwritten and
the $ 2,0 0 0 ,0 0 0 used in purchasing gas properties, patents
use by them of certain tracks have been in progress this
aud franchises.....................................................................................
7 0 0 ,0 0 0
week with apparent prospect of a successful result.—V. 65,
Bal. equal to over 4 per cent on the $1 4 ,0 0 0 ,0 0 0 stock .. $5 9 8 ,5 6 0
p. 1115, 977.
This sum will be applicable for dividends as soon as the ovens can
Milwaukee Klectrir By. k Light. —New Acquisition—The be finished, which will take about nine months.
Milwaukee “ Wisconsin " on Dec. 10 said: “ The Mi'waukee
H is t o r y o f B o sto n G a s P r o p e r t ie s .
& Wanwatoea Motor Ry. Co., the North Greenfield & Wau­
Mr. Lawson gives the following history of events np to the
watosa Electric Ry. Co., the Waukesha Electric Ry. Co. and time of the formation of the New England Gas & Coke Co.:
the Wankeeba Beach Electric Ry. Co. were to-day conveyed
Boston United Gas Bonds.—Substantially all the stocks of the B o s­
to the Milwaukee Light, Heat & Traction Co., which is owned ton, Roxbury and South Boston companies, together with the capital
by the Milwaukee Electric Railway & Light Co. The Trac­ stock of the Bay State Company or Massachusetts, were [in 1889]
to the Bay State Gas Co. of New Jersey and by it trans­
tion Company now owns and controls both lines from this city transferred
ferred to the Mercantile Trust Co., to be held in trust as security for
to Wauwatosa, as well as the motor line to North Greenfield, the payment of $ 1 2 ,0 0 0 ,0 0 0 Boston United Gas bonds, issued by the
the prospective electric line to Waukesha from North Green: Bay State Gas Co. of New Jersey. The entire capital stock of the Bay
State Gas Co. of New Jersey was thereafter transferred to the Bay
field, and the beach line.”
Gas. Co. of Delaware in consideration of au agreement whereby
Kirnivgs.—The Milwaukee Electric Ry. & Light Co. has State
the DcUware company forever guaranteed to make good any deficits
prepared a statement of the earnings of its street railway and In the earnings received from the stocks of the companies held by the
electric light plant during the past year, which shows the Mercantile Trust 'to., up to au amount necessary to pay interest and
fund on the *1 2,000,009 of the Bostou United Gas bon is.
total gross receipts to be $1,610,196. For the calendar year sinking
Under this trust agreement the Bay State Gas Co. of New Jersey is
1895 the receipts were $1,547,037 and in 1894 $1,354,165, The the absolute owner of the stocks of the four companies deposited with
Milwaukee Light, Heat & Traction Co. reports for the past the Mercantile Trust Co., and Tor tuis reason the Delaware Company is
entitled to the control of the same. In addition it is entitled to pos
year receipts of $55,515.—V. 63, p. 1115 ; V. 64, p. 1179.
session of the stocks upon payment of the bonds.
Brookline Gas.—lu M *y, 1896. the Brookline Gas Co., organized as
New York Central k Hudson River RR.—Quarterly —
opposition comp my by the Stand a d Oil party, was acquired [by
Earning* for the quarter and the six months ending Decem­ an
Mr. Lawson] for the Delaware Co. (the agreement for legal reasons
ber 31 have !>een reported as follows, the figures for 1897 being made to Henry M. Whitney) and the Delaware Company was
allowed till Nov 1, L896, to pay for the same. A contract was then
being partly estimated.
Dividends
Balance,
paid.
rurplus.
$
$
Dtv.3\ —
*
$
$
M*7 test). 1 1 ,8 00.000 3 .0 3 0 ,3 0 0 2 ,6 1 8 ,0 0 0 (1%) 1.0(H),000 312 300
134,099
*96
...1 1 ,6 6 4 ,5 0 4 3,7 7 1 ,2 4 5 2 ,637.140 il%) 1,000,000
$
$
0 m onths.
#
I
$
*97 (eat.}.24.21 1.000 8 .2 5 2 .0 0 0 5.2 3 8 ,0 0 0 (2%) 2 ,0 0 0 .0 0 0 1,014,000
180,142
m ........... 2 2 ,9 38.403 7 ,4 4 4 ,3 7 0 5,2 0 4 .2 3 1 (2%1 2 ,0 0 0 ,0 0 0
— V. 65, p. 077.
O rtif

3 m o t. e n d . t a m i n g * ,

Net
t a m in g s ,

First
c h a rg e * .

New England Has k Coke—Bay State Gas.—Prospectus—
Relation i.f .General Poston Gas Companies.—On Thursday
there was published in the “ New York Times” and other
papers an advertisement,a pagein length, signed by Thomas
W. Lawso i. of Lawson, Weidenfeld & Co., members of the
New York Stock Exchange, regarding the reDtion of the
Boston gas properties to the New England Gas & Coke Co.,
etc. Without going into the merits of the questions raised
by Mr. Lawson, it ts interesting to note some of the facts
which be thus furnishes regarding the operations of the
Bay State C mi pany daring the time that he was acting as
one of its managers.
Before flung this, however, we cite the following data
from th“ a rreionent of the Now England Gas & Coke Co.,
which Mr. Lawson also publishes at length :

drawn up by which the Boston Gas Light Co. agreed to buy of the
Brookline Company each year enough gas at $1 per 1,000 f^et to en­
able the Biookliuc Company to pay 10 per cent on its capital stock.
Under the laws of Massachusetts this agreement was voidable and
was known to be voidable*
Receiver.—Under this agreement competition ceased and the
Delaware Company was raising the necessary money to pay to the
Standard Oil party, when a suit for a receiver was brought against the
Delaware Co., au«l its assets thereby tied up. To avoid a retu n of the
former competitive conditions it was deemed best to take the only
cour e left open and turn over the temporary management of the
live loeir companies to the Standard Oil party under proper agree­
ments, preserving the interest* of the Delaware Co. and insuring it
againrft a return of the competitive conditions
Temporary Loss o f Control.—Mr. Lawson conducted the trade by
which ou Nov. 1. 1896, “ the Stau lard Oil oarty came to the manage­
ment temporarily of the Soston, South Boston, Roxbury and Bay
State of Massachusetts gas *>o n panics, and became the a isolate
owners of the Dorchester and Brookline gas companies. Tlio Bay
State G *s Company oc Delaware came into possession of a guaranty
that its ownership of the Boston, Snath Bostou, Roxbury and Bay
of Massachusetts g s comnauios should ne preserved until the
|State
management was returned to It In any of a number of ways optional
w.t h the Bay State Gas Comp iuy of Delaware.” Nothin , lie says,
whs d ne fieri or since to imp ilr the ownership of the Delawar Com­
pany in said four •ompauies or Its right to re-take the possession there­
of when it, eitlmr by purchase, r demptlon, opera ion of the siuking
fund, or in other ways, obtains or cancels the $9,000,00^ Poston
United Gas bonds, first series.

1222

THE

CHRONICLE.

Preparations to Recoup.—The Delaware Co. during 189 7 was rapidly
preparing l>y the sale of its increased capital stock, and in other ways
to take hack tile management or the four companies owned by It. and
purchase from the Standard Oil party its Brookline and Dorchester
companies. The equities in the four companies belonging to the Bay
State Has Compsny of Delaware, over and above the $12,000,1)00
Boston United Has bonds, were conservatively w onh at this ti.ee at
least $ 5 ,0 0 0 ,0 0 0 , and the siuking fund would in a limited time pay oft
the $12,000,000 of Unite,d Gas bonds, leaving the $ 1 2 ,0 0 0 ,0 0 0 and
o v e r of property and the valuable franchises, free and clear for the
Bav State Gas Company of Delaware
Sew kunland (Jos .« Coke.—A t this time, and before arrangements
were completed, catne tho New England Gas & Coke Co. project.
There w.-re then the following securities outstanding representing the
real ownership of the Boston gas com panies:
Brookline Gas Company stock ......................................................... $ 2 ,0 0 0 ,0 0 0
Bonds ..................................................................................................... 1 ,000,000
Floating debt....................................................................................... 1 >®'
Dorcln-ster Gas Company stock.......................................................
o20,0()0
Jamaica Plain Gas C o m p a n y..................................
200 ,0 0 0
Boston Gas Companies—
Bonds, tirst and second series............................................... „• 1 2 ,0 0 0 ,0 0 0
D e b t.............................................................................................
1 ,0 0 0 ,0 0 0
A total o f.............................. ......................................................... $1 8 ,3 3 5 ,0 0 0
The amount of the above securities which has been purchased by
the New England Gas & Coke com pany is, according to their official
statement, herein printed, $5,123,200.

[VOL. LXV.

“ T he lo w e st p oin t in tw e n ty years in respect to r a ilw a y
b u ild in g was rea ch ed in 1895, w hen on ly 1,803 m iles o f track
w ere added, and 1817 has don e a little better, the tota l no tv
reported to ns bein g 1,864 m iles. C a liforn ia stands tirst, w ith
210 m iles la id on d ifferen t roads.
‘ A t the com m en cem en t o f 1898 th e U n ited States w ill h a r e
184,464 m iles o f com p leted r a ilw a y .” — Y . 64, p. 84.
St. J o s e p h & G ra n d I s la n d R y . - First Dividend.— T h e d i­
re cto rs have declared a sem i-an n ual divid en d o f 2 l£ per cen t
on th e first p referred stock, T h is is the first d iv id en d sin ce
th e reorgan iza tion in F eb ru a ry , 1397. T h e fo llo w in g table
sh ow s the position w ith resp ect to div id en d p a ym en ts :
N et earnings (taxes deducteil) for 6 months from July 1
to December 31, 1897 (lour months actual, two mouths
estimated)........... ........................................................................................$246,249'
Coupons .ill- Jan. 1, 1898, on first mortgage b o n d s., $35,0 0 0
Two and one-half per cent dividend on tirst preferred
stock 0 months............. ............................................................ 13 7 .5 0 0 172,500
Surplus...................................................................................................... $ 7 3 ,7 4 9
Am ount actual cash on hand Dec. 21, 1 8 9 7 ..................................... $ 2 4 1 ,5 0 0
—V. 65, p. 774.

R i o G r a n d e .W e s te r n R y .— Ertra Dividend.— T h e d irectors
l a v e d ecla red a q u a rterly d iv id e n d o f % p e r c e n t , payable
the New England G as & C oke C o., to M r. L a w s o n ’s state­ F eb . 1, and an ex tra d iv id en d o f 1 per ce-it, p a y a b le F eb , 15,.
on th e preferred s tock o f th e c im p a a y . T h e o ffic ia l circu la r
m ent is given in fu ll in o u r a d vertisin g colu m n s, an d says:
Nothing has been done in connection with the organization of the in th e C h r o n i c l e o f O ct. 23 (p a ge 778) fo re s h a d o w e d the pos­
New England Gas & Coke Co. in the slightest degree to impair the sib ility o f ex tra d istrib u tion s at th e end oE ea ch h a lf-y e a r .—
security of the Boston United Gas bonds of the tirst and second V . 65, p. 778.

Ojjicicl Reply.—T he rep ly o f H. M. W h itn e y , P residen t o f

series, or to impair whatever rights the junior securities m ay have
had in the equi ies after the bonds were paid. Parties who subscribed
for the securities of the New England Gas & Coke Co. did so with a
full knowledge of the properties covered by the purchase, as specific­
ally set forth in the underwriting agreement.
The people in the enterprise include m any of the ablest and
strongest men in the country. Every step taken has been the result
of careful investigation and experiment. The mouey necessary is at
our command. We have every confidence of complete success. We
believe that when our plans are completed and our works iu operation
every gas user lu Boston and vicinity, every bolder of present gas
securities, and every one who has a part iu our undertaking will be
pleased with the result.

St. Louis & San Eraneisco Ry.— A tlan tic & Pacific (C e n ­
t r a l D ivision ).— Purchased at Foreclosure Sale.— At th e
foreclosu re sale o f the C entral D ivision o f the A tla n tic & P a ­
cific on D ec. 18 th e p rop erty w as pu rch ase 1 for $1,590,03) by
E. C. H en derson fo r th e St. L ou ts & San F ra n cis co R R . C o.
T h e latter co m p a n y ow n s all the bonds secu red by th e m ort­
g a g e foreclosed , and w ill issue n ew first m ortg a g e o f its o w n
on the p r o p e rty .— V . 65, p, 1072.

Tacoma & Colum bia R iver R R .— New M orlgige. — T h is
Mortgage.— T he com pany' has ex ecu ted its m o rtg a g e fo r com p a n y , a reorg a n iza tion o f th e T a co m a L a k e * P a rk &
$17,500,000 to the C entral Trust Co. as tru stee.— V. 65, p. 1115. C olu m b ia R R , fo re clo s e d la st O cto b e r, has m a de a m ortg a g e
New York Suburban W ater.— Mamaroneck W ater Co— fo r $3,' 00,000 to th e C m tin en ta l T ru st C > .,a s tru stee, to
Mortgage Filed.—Coupons Funded.— T he M am aroneck secure 5 per ce n t g o ld bon ds, o f w h ich $250,00 ) h ave been
W a te r C o., w h ich w as recen tly pu rch ased fo r $175,000 b y issued on the 12)£ m iles fro m T a com a to L ik J P a rk ; $2)0,000
the N ew Y ork Suburban W a ter C o., has increased its ca p ­ are issu able fo r a deep w a te r co n n ection , an d the rem a in d er
ital stock from $25,' 00 to $400.0 0, and a u th orized a m ortgage at $2
0 per m ile fo r exten sion s. A lin e ru n n in g sou th east
for $1.000,0 0 to he made to the S ’-ate Trust C o as trustee The 133 m iles to co n n e ct w ith th e O regon R R . & N a v ig a tio n lin e
bon dh olders o f the S u b urb in C im p m y have v ery generally at D alles, O re., is p ro je cte d . T h e d ire cto rs a r e : W illia m
agreed to fund five years’ con poa s fro m th eir bon ds to enable B ailey, P r e s id e n t ; G eo. N . M orton , V ic e P r e s id e n t; F red .
th eir com pa n y to m ake th e aforesaid purchase. ' In return H. G arm an , T reasu rer ; F ra n k lin E v erh a rt, S e c r e t a r y :
fo r the coupons surrendered the bon ds o f th e M am aron eck D aniel S. D ecker, W illia m B ailey. J r ., W illia m B u rrou gh .
company' w ill be given at par. S h ou ld the cou p on s o f the T he N e w Y o rk office is at 4 ) W a ll S treet.— V . 65, p. 926.
entire issue o f $1,175,'00 be surrendered, th e exch an ge
U n io n E q u ip m e n t C o— Incorporated .— T h is co m p a n y was
w ill requ i-e about $300,009 M am aron eck b o n d s ; an addi­
tional $50,000 o f these bonds are reserved t o take u p a p rior in corp ora ted at T ren ton , N . J ., D ec. 20 , w ith an a u th orized
m ortgage. The Suburban C om pany is ex p ected t o s h o w fo r capital o f $1,500,000, t o m a n u fa ctu re e le c tr ic ap plia nces and
to equ ip steam and e le ctric roads. T h e in co rp o ra to rs are
the year ju s t ending n et earnings o f $55,000.
New York A Staten Island E lectric Co.— New York & F red erick H itc h c o c k , G len n R. G a rd n er and F ra n cis J. B oyer,
N ew Y o r k ; F . W . H u n ter, C ra n ford , N . J .; F ra n k G . G ou rStaten Is la n d Traction.— Staten Island E lectric RR—
Successor Company.—At the recen t sale o f colla tera l o f the ley, S ta m ford , C onn.
N ew Y o rk & Staten Island T ra ction C o.; th e stock o f the
U n io n P a c ific R R .—New Securities to Be Ready About
Staten Island E lectric R R . w as b ou g h t by th e N e w Y ork & Jan. 15. —T he n ew co m p a n y w ill take possession o f its p r o p ­
Staten Island E lectric C o., w h ich in creased its s tock f o r that erty a b ou t Jan. 15, an d the n ew secu rities, w h ich have a l­
purpose fro m $500,000 to $1,500,0 10. A tra ctio n com pany, it ready been en graved , w ill b e d elivered at the sam e tim e.
was found, co u ld n ot le g a lly operate a lig h tin g com p a n y ,
Dates o f Kansas Pacific Sales.—T a e dates o f tb e fo r e c lo s ­
and therefore it was arranged th at th e lig h tin g c o m p a n y u re sales, th e u pset prices, e t c ., o f the lin e 3 co m p o s in g the
should co n tro l th e ra ilw a y.— V . 65, p. 1072.
K an sa s P a cific R a ilw a y are as fo llo w s :
Dale
Place
N ew Y ork & T e x a s L an d. —Mortgage fo r $500,000.—T h e
TJpset
Deposit
Mortgage.
o f sale,
o f sale.
price
required.
com pany, it is reported, has filed a m ortga ge fo r $500,0:0 on
$ 2 ,5 0 0 ,0 0 0
$ 5 0 0 ,0 )0
Kansas Paeiiic Gov. s u b ...F e b . 16
Topeka
1,500,000 acres o f its land in Texas.
Kansas Pacific East D iv ...F o b . 17
T op eia
1.500.000
2 0 0 .0 0 0
O regon R a ilro a d A N a v ig a tio n C o .—Bonds Listed.— C on ­
solidated m ortgu ge bon ds to the am oun t o f $2,441,000 have
been listed on the N ew Y ork S tock E xch a n ge, m a k in g the
.total listed $17,615,0 0. By m eans o f th e n ew con sols n ow
listed there have been retired $1,935,000 o f first m ortgage
bonds o f the O regon R a ilw a y & N a viga tion Co. T h e am ount
of such bonds n ow outstan din g has been red u ced fr o m $4 ,451,01 0 to $2,516,000.— V . 05, p, 1116.
P e o r ia D e ca tu r & E v a n s v ille R y .— Deposits Subject t
Penally After Dec. 31. —The Brow n C om m ittee g ives n otic
that the lim it o f tim e fo r m a kin g deposits and p a yin g th
first instailm ent o f the assessments under the plan o f reorgan
ration dated O ct. 1 , 1897, is extended to D ec. 31, a fter w h ic
Jute until fu rth er n otice first m ortg a g e bon d s w ill be re
reived for deposit upon the paym ent o f 1 per cen t penalty
*ee further particulars in ou r advertising colum ns.
Coupon Payable Dec. 3S.—C oupons due J u ly 1, 1897, on th
1 eoiia D ivision bonds w ill be paid at Central T rust Co. Dei
28— V. 65, p. 1174.
R a ilro a d B u ild in g in 1N97.-/,6Y( Miles o f New RoadJ he ' R ailw ay A g e” m akes the fo llo w in g statem ent o f ne
railw ay lines bu ilt in tbe year 1897:
Y bile the year 1897 has sh ow n larger railway' earning
and better bit-m ess condition s than its im m ediate predece
sors, the m arked im provem en t in th e financial ou tlo o k di
not begin early enough in the year fo r the com p letion t
many new railw ay undertakings, and so it n o w appears tin
although m uch construction w o rk is under w ay, th e mileac
of track actually laid is b u t little grea ter than th at fo r tl
precedm g year.
r—m -« ~ .

Kansas Pacific Mid. D iv .. .Feb. 18
Kansas Pac. con s.................Feb. 19
Denver Pacific 1 st............... Feb. 21

Salina
Topeka
Denver

5 .3 0 0 .0 0 0
2 0 0 ,0 0 0
8 .0 0 0 .
000 5 0 0 ,0 0 0
2 .0 0 0 .
0 0 0 500 ,0 0 0

Omaha Bridge Bonds Called.— T h e trustees o f th e U n ion
P a cific R a ilr o a d O m aha B rid g e first m ortg a g e bon ds an ­
n ou n ce b y ad vertisem en t in a n oth er co lu m n th at h a v in g
been p la ced in fu n d s b y tb e purch asers o f the U n io n P a cific
R a ilw a y , th e first m o rtg a g e bon d s h e retofore draw n fo r p a y ­
m en t w ill be pa id at the office o f J. P . M organ & C o., N e w
Y o r k , o r th e L on d on & San F ra n cis co Bank, L on d on , on an d
a fter J a n u a ry 1, at 110 per cen t and a ccru e d in terest to that
date. T h is in clu d es a ll ou tsta n d in g bon d s o f th is issue.—
V . 65, p. 1174.
U n ite d T r a c t io n Co. o f P i t t s b u r g .— First Dividend.— T h e
com p a n y has declared a sem i-an n ual d iv id en d o f
per cen t
on its p referred stock , b e in g th e first since the com p a n y
began operations on J u ly 1, 1897. T h e earn in gs fo r the five
m on th s en din g N ov. 30, a fter d ed u ctin g th is d iv id en d f o r six
m on th s sh ow a su rplu s o f $28,270.
Stock Offered.— T h e co m p a n y ’ s entire issue o f 60,000 p r e fe r ­
ence shares o f $50 each are offered fo r sale b y ad vertisem en t
in another co lu m n at $40 p er share ex J a n u a ry d iv id e n d .V . 65, p. 1025.
V ir . in ia M id la n d R y — S o u th e r n R y .— Merger.— F orm a l
action w as taken at the annual m eetin g D ec. 15, o f the V ir ­
g in ia M idland, to m erge the com p a n y w ith th e Southern R y .,
w h ich ow ns p ra ctica lly all the stock o f th e M id la n d . T he
shares are to be ex ch a n ged on th e basis o f ten o f M id la n d fo r
seven o f Southern P referred , w h ich is eq u iv a len t to ab ou t
$22 per share fo r the M idla n d sto ck .— V . 65, p. 413, 1174.

D ecember 25, 1897.j

THE CHRONICLE,

W e s t E n d S t r e e t Uy. —B o s to n E le v a te d K it.— Modtft‘ d
L ■: •: A p >rove l . —The M issa eh n s-tts Seats R u l r o a l C »m -

U23

Site Commercial 3,'twes.

ratss toner on S t u rd a y , D ee. 18, a p p rov ed th s m od ified lease
o f the W ;st- E-i l Street R r . to the B w ton E levated R R C >.,
the le a se to ran u n til J a n e 10, 1922, at a rental g u a ra n teed
to p a r 7 p er cen t per annum on the com m o n sto ck o f the
W e s t E m! C om pan y,
T q « provisions o f the origin a l lease w ere qu ite fu lly d e ­
scribed i a - h e C tiR o x t l e o f Sept, 83, p. 570. T h ey are n ow
nt "diSed in the fo llo w in g respects :

COMM ERCIAL

EPITOME.

Friday N ight , D e ce m b e r 24, 1S97,
A s is n atu ral d u rin g the h o lid a y season, th ere h a s been a
con sid era b le sh rin kage in the v olu m e o f business tran sa cted
in th e w holesale m arkets. F u rth erm ore, w ith th e n ear ap­
proa ch o f the close o f the year distribu ters in a n u m b er o f
irades take a c c o u n t o f stock and h ave con seq u en tly w ith ­
d raw n fr o m th eir va riou s m arkets as buyers. R e c e n t d e ­
v elopm en ts in the p olitica l situ ation in the F a r E ast have
been con sid ered b y m a n y as o f a sign ifican t natu re, and
d evelopm en ts are b e in g closely fo llo w e d . T he fo r m a l w it h ­
dra w a l by J a pan o f h er protests to the a n n exin g b y this
cou n try o f the Islan d o f H a w a ii has receiv ed som e atten tion .
E a rly in the w eek th e F re n ch C ham bers v o 'e d t o in crease
im p ort du ties u pon h ogs an d h o g produ cts, b u t w h ile it has
given rise to con sid erable com m en t it has n o t been g en era lly
th ou gh t that it w ill in terfere w ith th e r e cip ro city n egotia ­
tions n o w u n d er w ay. A d v ice s receiv ed fr o m ab roa d have
reported p rogress m ade in the proposed a b olition o f th e
E u ropean su gar b o u n ty system .
The- dem and fo r lard on the spot has b een o n ly v ery m od era! e, b u t in sym p ath y w ith an ad va nce in the sp ecu la tiv e
m a rkets prices h iv e im p rov ed , and the close w as steady at
4 80c. fo r p rim e W estern , 4 50c. fo r prim e C ity an d 6 1 5 c . fo r
refined for the C ontinent. T h e lo c a l m a rk et fo r fu tu res has
been n eglected , b u t at th e W est there has been a fa irly a ctive
sp ecu lation , and prices have ad va n ced on b u y in g b y p a ck ers
and outsiders, la rg ely fo r in vestm en t a ccou n t. T he close w a s
steady.

l . The stipulate i ftividead rorval on the W est S a d common stock is
reduce l from S to 7 per cent per annum
% rise tiirii! of the lea**$ U shortened from 991 years to 2 4 years 8
moBtbs ami 9 •l:ty from Oof. 1. 1897, so that the lease shall expire, at
the same lime vriilt tin? special imoianiBlss whluli a t« granted to the
B 'as to a Elevated R y .Co. h y Statutes 1897, chapter 500, and which ran
25 years from June i r>, im i7, the date o ’1the passage of that acr.
3. T-ir&s is inserted in the amended lease a covenant that the lessee
the B.vuou Blev itedv’ shall not diminish the facilities for travel upon
the les-or's (the We*i End) railway as they e tU t at the inception of
this lease, except so fa r «s substantially equal facilities m ay be furidshed m sobstitution therefor, either by the lessee’ s elevated radway or otherwise.”
4. T *r mandatory provision in the former lease that u the lessor (the
"West Endi shall make and execute such other le ase s or operating eontract?? with oth r street railway comp *uie& as the lessee (the Boston
Elevated) m ay request” Is now stricken out.

T h e reasons o f the C om m ission ers fo r d isa p p rov in g the
fo r m e r lease w ere g iven in the C h u o n icle o f N o v . 37, page
1026. T iie present decision says in b rief:
11 will hardly he questioned that tile alterations in the lease have
materially Improved it in the rtireotion of the public Interest. The
more important change Is that which reduces the term of the lease to
less than one-quarter of tta original length. A s revanls the proposed
dividend rental, it the continuance of present condition® are assured,
there i* reason to believe that the W est End Company would he able
to r e p ii - its capital, to keep good its plant, and at the sam e time to
maintain an average dividend rate of 7 Per cent on the common stock,
liy granting toe exemption from reduction of fare* and the other lm
multities that have been referred to. the legislature has practically
given an assurance that the existing conditions shall continue for
twenty-ilve years Under these circumstances it can hard! v he said
that the agreed dividend rental for the same period is without reason
o r implied sanction of law.

D A I L Y C L O SIX O P R IC E S O F L A R D F U T U R E S .

Dee......................................0.

Sot
4-75

Mon,
-1-85

Tues,
4-75

Wed.
475

Thurg.

F ri.
4 -8 0 4 -80

P o r k has had a m od era te sale, and prices have ru le d fa irly
firm, closin g at $8 50<a$9 0o fo r m ess, $ll<a$12 fo r fa m ily
and $9 5(1 i$ l 1 5 >fo r sh ort clear. C a t m eats h ave h a d a fa ir
sale at lo w e r prices, clo s in g at 5 } { o 514 c. fo r pick led bellies,
l Au 10 lbs. average. 7 @ 7 b jc. for p ick led ham s and 5@6J&c,
for p ick le d shoulders. B eef has had a m od era te sale, and
valu es
h ave been u ncha n ged and steady, closin g at
$8 00f« 8 50 fo r m ess. $.9 00(3$9 50 fo r p a cket, $10 0 @$11 50
fo r
fa m ily
and $13 lit @$16 (10 fo r ex tra
In d ia mess.
Beef hams
h ave been u n ch a n ged at $22 50.
T a llo w
1ms advanced in response to stro n g foreign ad vices, closin g
firm at 3 9 16t5:36j c . Q leo sterine has been q u iet and u n t
••h.imr- -I at I ; c. L ard stearin© has been d u ll b u t steady a■>!.,,("ol.-je. fo r p rim e C ity. C otton seed o il has been steady,
d u rin g at 29c. fo r p rim e y ellow . B a tter has h a d a m od erate
sale at fu ll value fur ch oice, closin g at I5@82e. fo r cream ery.
Cheese bag been steady at Obj o 9 ‘<jC. fo r State fa c to r y , fu ll
cream . F resh eg gs h a ve ad va n ced, c lo sin g firm at 24c. fo r
ch oice W estern.
B razil gra des o f co ffe e h ave had on ly a sm all sale and th e
tone has been som ew hat unsettled, closin g steady at G%c. fo r
R io N o 7 on the sp ot,. M ild grades h ave had a fa irly a ctiv e
sale and at (lig h t ly h igh er prices, closin g at 8 }7 @ 8 j^ c. fo r
fair C ucnta. T he East India g ro w th s have been null (b u y ers
h o ld in g b a ck a w a itin g th e result o f the P a d a n g sale w h ich
w ill be h eld on the 31st in st.) closing at 24 @ 2 4l»c. fo r stan d­
ard Java. T h ere has been a d u ll sp ecu lation in the- m a rk et
fo r con tra cts and the n et changes in prices fo r th e w eek are
u n im p orta n t closin g steady. F o llo w in g are final asking p rices.

Slock Subscription—Possession Taken.—T h e stock h old ers
o f the B oston E leva ted on Saturday last .paid in on the capital
stock o f th e co m p a n y the sum necessary to c a r ry in to effect
the provision s o f the W est En l lease. On M onday, a ccord ­
in g ly , the property o f the W est End was form a l I / taken over
b y the E le va te d C om pan y. T h e au th orized capital stock o f
the Boston E levated is $2 ', 000,0 0 , bn t on ly $l0,00ti,< 0 ' o f it
is to b e offe re d at present, h olders o f W e s ; End stock , it is
u n d erstood , h a v in g the righ t to s u b -c r ib e u n til Jan. 4. 189'-*,
to ten shares o f E leva ted sto ck at 104'q fo r ea ch 31 shares
o f W e s t End stock held b y them ,— V . 63, p. 1073,
— In vestors are referred to the list o f securities offered b y
M essrs, R ed m on d . K e rr Sc Co. on p a ge v iii, o f to d a y ’s issue,
co m p risin g first m ortg a g es an d guaranteed stock s o f th e
prom in en t system s.
— In ou r ad vertisin g co lu m n s w ill be fou n d reports o f c o n ­
d itio n at close o f business on Dec. 13 o f the fo il w in g n a ­
tion a l bank s: C ity . A m erica n E x ch a n g e, G a lla tin . M ercan ­
tile, Second Chase. C ontinental. F ou rth , W estern , M irk et &
F u lton and F o u rth Street o f P h iladelph ia.
k — 'ie r & Co. and H en derson & Co. offer as a desirable
in vestm en t $ 1, 200,000 first m ortga ge 6 per cen t g o ld bon ds o f
th e C entral U nion T eleph on e C o., the com p a n y w h ich is
operating in O hio. Indiana and Illin o is u nder license from
the A m e rica n Bell T eleph on e C o. A statem ent o f a c c o u n t­
ants, a cco m p a n y in g the an n ou n cem en t o f the bankers, says
that the net earn ings o f the com p a n y fo r the five years e n d ­
in g D ecem ber 21, 1896, a m oun ted to $1,533,923, or ab out
$306,784 per year. T h e net earn ings fo r 1897 (N o v e m b e r and
D ece m b e r estim ated) w ere $340,787, o r m ore than dou ble the
a m o u n t n ecessary to m eet the total in terest cha rge. S u b ­
scription b o o k s w ill rem ain open u ntil .Jan, 5, th e r ig h t b ein g
reserved to red u ce or r e je c t su bscription s.

Dec....................... 6 05c. I M aroh................. 6-20o.
1
June. 6 '3 5 c.
Jan................ ....... 6 05c.
A pril.................. H'25o. J u ly ..,__________ 6 ‘40o.
Feb........................ 6 1 5 c .
! M ay.................. 6*30c.
I
S e p t ..........

R a w sugars h a ve been in dem and and h ig h er,clos in g firm at
4 1ijo. bid fo r cen trifu g a l 96 deg. test and 3?jjC. b id f o r M u s­
co v a d o 89 deg. test. R efined su gar has h ad a fa ir sale and
prices h a ve ad vanced 1 1 6 @ i gc. closin g at oj^ c. fo r granulated.
Teas have been slig h tly m ore a ctive. O ther staple groceries
have been quiet.
K e n tu ck y to b a c co has been firm b u t quiet. Seed le a f to ­
— Alex. B row n & Sons o f B a ltim ore an d N. H olm es & b a cco has h ad on ly a lim ited s a le ; prices h ave been u n ­
ch
a n ged and steady. Sales fo r th e w eek w ere 1,025 cases as
Sons o f P i ts b u rg o ffer fo r su b s crip tion at $40 per share
(ex .1 in iiary divid en d ) an issue o f 6 1,000 shares o f the U n ited fo llo w s : 300 cases 1890 crop, N ew E n glan d H avan a, ! 6 J^@
T ra ctio n Co. o f P ittsb u rg . P a ., 5 per cen t cu m u la tiv e 40c.; 150 cases 1893-4 cro p , P en n sylva n ia seed lea f, 1 8 c .; 150
p referred sto ck , being the tota l a m ou n t o f sa id stock , par eases 1395 cro p , P en n sylva n ia H avana, 13c.; 100 cases 1894-5
value b e in g $50 per share, y ield in g to in vestors at the p rice c ro p , D u tch , ll@ 1 4 e .; 150 cases 1895 cro p , Z im m ers, 15|1@
offered a net in co m e o f 6 )4 per cent. T h e U nited T ra ction 17c.; 12 ) cases 1893 crop , W iscon sin H avana, 9MffSf0c.s and
C om p an y is the pra ctica l con solid a tion o f the ex istin g P it t s ­ 150 oases 1896 cro p , W iscon sin H avan a, 7j^<®10c.; also 300
b u rg tra ction com pa n ies, w i li a fran ch ise fo r 909 years, hales H avana at 70c,@$1 10 in bond an d 150 bales S u m a tra at
o p era tin g 117 m ile" o f trolley road in P ittsb u rg and n eigh ­ 95c.:@$l 65 in bond.
Business in the m ir k e t fo r Straits tin has been qu iet and
b o rin g c itie -. T h e circ u la r states th a t in tw elv e m on th s
e n d in g N ov. 30, 1897 (seven m on th s o f w h ich period operated th e ton e has been easier, prices h avin g w eakened sligh tly,
under separate nt <nagftment). the lines o f roads n ow ow ned closin g at 18 65@13'70c. In got cop p e r has been q u iet b u t
and co n tro lle d by the. U nited T ra ction Co, earned m ore than steady at 11c. fo r L ake. L °a d has been qu iet an d w ith ou t
en ou gh n ot o n ly t o p i y the in terest on all ob liga tion s, but. change, closin g at 3 70@3'72;Vjc. for dom estic. Spelter has
also to have pa id fu ll d ivid en d s on the p referred stock. been d u ll and easy a t 3 75@8-h5c. for dom estic. P ig ir o n has
D u rin g the five m onths o f m a na gem ent o f the U n ited T r a c ­ been d u ll and u n ch a n ged at ®I0@12 25 fo r dom estic.
Refined petroleu m has been qu iet, closin g at 5 ‘40c. x n b b ls.,
tion C om p an y th e net. surplus earn ed ov e r fu ll d ivid en d s on
preferred s to ck fo r six m on th s w a s$28,270.35. T n e preferred 2 9 c. in b u lk and 5'90c. in ca ses ; naph th a qu iet at 6 -50c.
Crude
certificates h a ve been steady; cred it balances h ave
stock o f the co m p a n y is en titled to re ceiv e cu m u la tiv e
in terest at the rate o f 5 per cen t per annum in p referen ce and been u n ch a n ged at 65c. Spirits turpentine has advanced,
and the close was steady at 33J^@34c. R osin s have been dull
p rio rity in p a ym en t o f any d ividen ds on the com m on stock
S u b scrip tion s w ill be opened at the bankers’ offices on W ed n es- j an d unchan ged at $1 40@$1.45 fo r com m on and g o o d strained.
day, Jan. •*>, an d w ill b e closed at B p. M. on the fo llo w in g j Hops have been firm b n t quiet. L arge sales o f w o o l h ave
da y o r earlier, the righ t being reserved to r e je c t ap p lication s been m ade in the Boston m a rket to Eastern m a n u fa ctu rers
•or t allot m ailer a m oun ts than th ose a p p lie d fo r .
I and at fu ll values.

j

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1224
C

O

T

T

O

N

CHRONICLE,

.

D ecem b er 34, 1897.
T h e M o v e m e n t o f t h e C r o p , as in d ic a te d b y ou r telegra m s
from th e S ou th to -n ig h t, is g iv e n b elow . F or th e w e e k e n d in g
this e v e n in g th e to ta l re ce ip ts h ave rea ch e d 365,267 ba les,
against 3S9.275 bales last w e e k an d 367,098 bales th e previou s
w eek, m a k in g th e to ta l re ce ip ts s in ce th e 1st o f S ep t., 1897,
5,265,806 bales, a g a in s t 4,737,o38 bales fo r th e sa m e p e rio d o f
1896, sh o w in g an in crease sin ce Sept. 1,1897, o f 528,268 bales.
F r id a y N

Receipts at—

Mon.

Sat.

ig h t ,

Wed.

TU€8.

Fri.

Thurs.

loial.

6,038 12,232 60,365
6,747 8,212
Galveston......... 11,723 15,413
6,243
6,243
..........
Tex. City, &e.
New Orleans... 20,141 18,870 39,0C0 18.892 11,259 19,643 127,865
1 ,342 18,664
1,351
913
5,S06 6,875
2,377
M obile...............
4,511
4,511
Florida..............
8,419 55,670
6,486 11,944
7,730 7,825 13,266
Savannah.........
8,431
8,431
......
Bruns w’k,&c.
2 ,6 0 4 22,115
3,221
2,633
4,269 4 ,327 5,061
Charleston.......
109
109
Pt. Royal,&o.
......
2,072 11,582
1 ,324 2,311
2,395
1,563
1,917
Wilmington—
52
52
.........
Wash’ton, «feo.
3,786 28,737
2,883
5,335
7,416
3,638
5,729
Norfolk.............
417
417
.........
....
.........
N’p’t News, &c.
843
5,389
1,005
177
1,283
1,181
New Y ork.......
900
1,132 11,282
2 ,020 3 ,290 1,169
1,503
Boston..............
2,168
2,639
2,639
.........
......
Baltim ore........
......
2,196
294
446
396
186
734
140
Philadol’a, «&o..

......

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

......

......

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

......

.....

Tot. this week 57,688 61,791

......

83,585 147,236 41,306 |74.661 366,267

The fo llo w in g sh ow s th e w e e k ’ s to ta l re ce ip ts ,th e to t a l sin ce
Sept. 1,1897, an d th e s to ck to -n ig h t , com p a red w ith last y ea r.
1897.
Receipts to
Dec. 24.

This
week.

Stock.

1896.

Since Sep.
1 .1 8 9 7 .

This
week.

Since Sep.
1 ,1 8 9 6 .

Galveston... 60,365 1,317,453 61,033 1,016,301
6,243
2,847
Tex. C.,&c.
6 5 ,5 9 0
50,348
New Orleans 127,865 1,406,128 101,163 1 ,4 22,995
1 91,296
M obile......... 18,6 6 4 212,730 13,637
6,852
4,511
56,512
45,842
Florida.........
6 0 4 ,1 0 .
Savannah... 55,670 824,310 37,911
8,431
133,633
Br’wiek,<fcc.
4,327
1 1 0 ,2 0 6
306 ,9 7 5
Charleston.. 22,115 351,506 17,421
109
6,372
38,638
P. Royal, Ac.
45,001
264,242
Wilmington. 11,582
7,596
203,103
52
27
631
Wash’ ll, &c.
851
403,465 32,812
N orfolk........ 28,737
542,153
417
N ’ portN.,<fcc
10,156
11,224
848
New Y ork ...
31,447
5,389
30,825
3,049
B oston ......... 11,282
93,153
8,031
94,199
Baltim ore. .
2,639
27,638
3,130
30,017
Philadel, Ae.
2,196
36,733
22,936
3,158

1 8 97.

1896.

420,537
58,917

200,483
6,5S4
469,671
50,497

1 55,155
4,833
48,2 0 2

135,649
15,126
56,042

189,191

38,446
85,102
1 ,046
105,517
43,172
21,280
10,854

1 4 ,47 L
57,797
2,161
287,881
36,000
28,317
9,867

Totals........ 366.267 5,265,306 310,522 4,737,038 1,182,252 1,370,546

In order th a t com pa rison m a y b e m a d e w ith o th er years,
we g iv e b e lo w th e tota ls a t le a d in g p orts fo r six seasons.
1897.

1896.

Galves'n, Ac.
New Orleans
M obile______
Savannah. . .
Ohas'ton, Ao.
W ilm ’ton, Ac
Norfolk
N . News, Ac.
A ll oth ers...

66,608
127,865
18,664
55,670
22,224
11,634
28,737
417
34,448

6.1,885
101,16 <
13,6 *7
37,911
23,793
7,623
32,812
848
28,850

Tot. this wk.

366,267

310,522

1895.

1894.

1893.

1892.

52,432
84,280
8 4 27
20,458
10,556
4,759
13,208
11,537
18,292

70,002
100.937
13,521
31,151
21,314
6,840
16,393
13,41?
39,219

43,026
97,563
11,598
36,221
15,953
6,084
22,043
13,969
13,633

24,384
75,710
10,639
16,629
3,780
3,076
4,249
7,197
20,279

223,949

312,797

260,140

165,943

5265,306 4737,038 3366,342 5136,098 4157,260 3565,800

IVOL. L XV

In a d d itio n to a b o v e e x p o rts, ou r te le g ra m s to -n ig h t a ls o
g iv e us th e fo llo w in g a m ou n ts o f c o tto n on sh ip b oa rd , n o t
clea red , a t th e p orts n a m ed .
W e a d d sim ila r fig u res f o r
N ew Y o r k , w h ic h are p repared for ou r sp ecia l use b y M essrs.
L a m b e rt & B a rrow s, P r o d u c e E x ch a n g e B u ild in g .

ON SHIPBOARD, NOT CLEARED FOR—
Dec. 2 4 at
New O rlea n s...
G alveston.........
Savannah.........
Charleston.......
M ob ile................
Norfolk...............
New Y o rk .........
Other ports___

Other
Oreal
Britain. France. Foreign
3 4 ,8 9 7
7,1 19
None.
2,200
16,300
15.000
4 ,000
35.0 0 0

11,866
6,061
None.
None.
None.
None.
1 ,000
None.

Total.

1,26010,716
2,000
400
None.
17,000
None.
None.

75.961
48,0 0 3
22,0 0 0
7 ,800
19,3 0 0
4/,0(>0
8 ,000
55,0 0 0

3 4 4 ,5 7 6
1 4 1 ,1 8 8
1 3 3 ,1 5 5
40,4 0 2
3 9 ,6 1 7
3 8 ,1 0 2
97,5 1 7
64,6 3 1
899 ,1 8 8

Total 1 8 9 7 ... 114,516

18,927 1 18,245 31,3 7 6

283 ,0 6 4

Total 1 8 9 6 ...
Total 1 8 9 5 ...

21,6 4 6 1 11,560 16,464
62,7 0 2 15,216
19,919

308,628 1 ,0 6 1 ,9 1 8
19'1,201
9 4 1 ,3 7 7

158,958
9 8 ,3 6 4

S p ecu la tion in c o tto n f o r fu tu re d e liv e ry has been m o r e
a ctive, and th e ten d en cy o f p rices h a s been tow a rd s a h ig h e r
basis. T h e b u y in g the p a st w eek has been la rg e ly b y sh orts
to c o v e r con tra cts ov er th e h olid a ys, stim u la ted la rg e ly b y a
fa llin g off in th e c ro p m ovem en t, due, h ow ev er, it is cla im ed
b y m a n y, to ba d roads at th e Sou th as a resu lt o f th e
u n fa v o ra b le w ea th er re ce n tly ex p erien ced , and s ca rcity o f
ro llin g s tock to h a n d le the offerin gs has also been a scrib ed
as a reason fo r th e decrea sed m ov em en t. T h ere has also
been som e b u y in g fo r in vestm en t a c c o u n t both bjT reg u la r
op era tors and b y com m ission b ou ses fo r ou tsiders, an d th is
has ad ded to th e ton e o f th e m arket. T h e ex p ort m ov em en t
o f c o tto n to E u rop e has been la rg e, and a d vices receiv ed
fr o m th e Sou th h a v e reported a co n tin u ed good dem an d fro m
th e C on tin en t f o r co tto n an d both th e U n ited K in g d o m
an d h om e spinners h ave been ta k in g fa ir ly la rg e supplies on
con tra cts. T h e plea m a de b y th e A m e rica n C otton G ro w e r s ’
P ro te ctiv e A s so cia tio n fo r a red u ction in th e a crea g e has r e ­
ce iv e d som e atten tion in the cotton trade, b u t has h ad little
a ctu a l in flu ence. A d v ic e s re ceiv ed fr o m F a ll R iv e r rela tive
to th e o u tlo o k fo r th e la b o r situ a tion h a ve been c f a c o n tra ­
d ic to r y n atu re, an d h ave h a d ra th er an u n fa v o ra b le in flu ­
en ce. T o d a y th ere w a s an easier ton e to th e m a rk et, p r ic e s
easing o ff 5 @ 6 poin ts u n d er sellin g b y lo c a l lon g s to liq u id a te
th eir a ccou n ts o v e r th e h olid a ys. T h e sp ot m a rk et has b een
q u iet, b u t on T h u rsd a y p rices w ere ad va n ced 1 1 6 c. T o-d a y
th e m a rk et w as q u iet an d u n ch a n ged at 5 1 5 1 6c. fo r m id d lin g
uplan ds.
T he to t a l sales fo r fo r w a r d d e liv e r y fo r th e w e e k a re
539.400 ba les. F o r im m e d ia te d e liv e r y th e to ta l sales f o o t
up th is w e e k 3.041 ba les, in clu d in g — fo r e x p o rt, 41 fo r
co n s u m p tio n , ------ fo r sp e cu la tio n an d 2,000 o n c o n t r a c t .
The fo llo w in g are th e o fficia l q u o ta tio n s fo r e a c h d a y o f t h e
past w e e k — D ecem b er >8 t o D ecem ber 24.
R a tes on a n d o ff m id d lin g , as re v is e d N ov . 17, 1897, b y th e
R ev ision C om m ittee, a t w h ic h g ra d es o th e r th a n m id d lin g
m a y b e d e liv e re d on c o n t r a c t .
Fair.......................................o.
Middling Fair.......................
Strict Good M iddling........
Good M iddling.....................
Striot Low M iddling.........
Low Middling......................
Strict Good Ordinary........

1 on.
H ie on.
3a on.
I t on.

3 ks off.
R e off.
78 Off.

Good O rdinary............... c.
Good Middling T in g ed .. .
Strict Middling Stained..
Middling Stained...............
Strict Low Mid. Stained.
Low M iddling S tained ...

off.
E ven.
" :12 oil
R e off.
l>e oil.
1% off.

O n th is basis th e p r ic e s fo r a fe w o f th e g ra d es w o u ld b e
as fo llo w s .
U PL AN D S.
Good Ordinary..............................
Low M iddling.................................
Middling...........................................
Good M iddling..............................
Middling Fair................................
G U LF.

The ex p o rts fo r th e w eek e n d in g th is e v e n in g rea ch a to t a l
o f 283,580 bales, o f w h ich 114,827 w ere to G rea t B rita in , 42,725
to F ra n ce an d 136,0 8 to th e rest o f the C on tin en t. B elow
are th e ex p o rts fo r the w e e k an d s in ce Sep t. 1, 1897.

Good Ordinary..............................
Low M iddling................................
Middling..........................................
Good M iddling...............................
Middling F air................................

Week Ending D*c. 24,1897.
From Sept. 1, 1897, to D*c. 24,1897.
Exported to—
Export rA to—
Oreat
France Conti­ Total Great France Conti­
Total.
B rim .
nent. Week. Britain.
nent.

Low Middling.................................
M iddling..........................................
Strict Middling. ........................

Export4
from—

27,938
24,1 0 7
20,0 0 0
5 ,200
3.000
15.0 0 0
3 .000
20.0 0 0

Leaving
slock.

Coast­
wise.

ST A IN E D .

S a t,
4^8
•V'.R
5 78

M on T nes W ed
4^8
5~lrt
5 78
6>e

4=8

She

T il.

F r l.

•l^

4 H lk
5*2

4 U ,e
5k)

5 78
6^
6 yifl

5lDie 5 1°, 6

5'\„

Oh 6

5 7s
6*8
6®ip

S a t.

M ou T ues W ed

6^

4 7s
•
’ >“ 16
63g
0 3-S
S a t.
4M
5R «
5 n :i.

4 7e
51i,
6^
638
6 l-V

4 7e

ITIon T u e s
4M
57, „

4 7e

4H
521.,*

658

T il.

F r i.

4 iBie 415ls

0*8
638
613

5%
f»3 g
6R «
6 78

5St
<>3i«
67, 6
6 78

W ed

T it.

F r l.

4 >4

4 516
5L>

4&ie
5*2

5“ ,o 51

0'S
6%
613 .

6h«
6%

5R «
f2>,
57m

523,. 523-9
515,. 515,6

57*
57s
Galveston...... 62,'dll 18,672 33,406 114.318 522,827 201,134 218,964 942.925 Good Middling Tinged.............
T ex. City, Ac..
2,081 2,081
11,399
11,399
MARKET a n d s a l e s .
Non Orleans.. 14,670 22,907 20,900 64,386 407,114 230,433 304,800 942,347
T h e to ta l sales o f c o t t o n on th e sp ot an d fo r fu tu re d e liv e ry
Mobile............
52,786
20,395
73,183
Pensacola__
4.300
4,300
30,125
17,518
53.073 e a ch d a y d u rin g th e w e e k are in d ic a te d in th e fo llo w in g
0 /00
Savannah.......
34,434 41,040
51,23;; 28,959 360,370 443,562 sta tem en t.
F or th e c o n v e n ie n c e o f th e read er w e also a d d
Brunswick...
6,816
4,8«R 10,620
77,17.
84.965 112,126 a co lu m n w h ic h sh ow s a t a g la n ce h o w th e m a rk e t c lo s e d
Charleston...
14,425 14,125
07,64"
157,902 225,642 on sam e days.
Port Royal__
32,463
8,000
40,463
........
Wilmington..
SALES OF SPOT AND CONTRACT.
99,581
113,940 213,520
........
Norfolk..........
SPOT MARKET
Sales o f
5.452 ........
2.008 7,550
41,241
16,199
57,710
Ex­
Con- Snec- Con­
CLOSED.
Futures
N’ port N.. Ac..
4,298
200
4.498
port. sump. ul'Tn tract. Total.
New York —
0.02:
1,2*0 4.317 16,190 110,870 21,905
80.8K3 219,724
3,267
B o sto n .........
3.267 109,453
1.471 110,924 Sat’day.. Quiet ..................
1 7 ,4 0 0
Baltimore. ..
2.848 ......
1,916 4,7 0.4
4 1,954 l,9l 8
io o
io o
8 5 .3 0 0
44,237
88,179 Monday. S tead y...............
Philadelphia..
40
600
40
600
8 2 .5 0 0
6,723
1.19f
7,918 Tuesday S tead y.................
Steady
........
......
Wed’day
San Fran.. Ac
41
1,300
1,341
9
2 ,4 0 0
1.600 1,600
40
29,574
29,620 Th’d ay ..
........
1 4 5 ,3 0 0
Steady at Re ad.
T otal........... m .8 2 ; 42,725 120,028 283.580 1,670,508 484,479 1,422,327 3,577,314 Friday.. Q uiet...................
....
106 ,5 0 0
....
T a t»'. is s e .... 131.703 40.045 53.404 225,904
1,753,688! 888,188 1,091 517 3,17(M 13
T otal..
—
41
■ 2 ,0 0 0 2,041
5 2 9 ,4 0 0

.. .

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Market, Prices and
Sales o f
FUTURES.

Market,
Range and
Total Sales.

• •«J o •
: g'“

IS
: p

:S §

; ': u i4 -jq g
I m S § $ gt
'« 2
<0
I n
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s ?i; 5 5
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P«gs4*
g«M

•So
| ° .o ° - "
£ o •“ -p . *D a -fl S *0

R“h gS”

December.

a> &r® 2

'•'

D A IL Y
January.

February.

!

f|S S °S

O - l S *t» C5 ® L

H 2 2 & !? 4(5 p

m

eg

» •o

March

Eufanla,
A l a b a m a ...
Cf
Montgomery
Selma,
Helena,
A rkan sas, .
Little Book,
Albany,
G e o r g ia ....
<«
Athena,
*<
Atlanta,
«
3
^---e
Augusta,
It
S - r ^ g Columbus.
it
f j- 1® « Macon,
“
a © B to Rome.
§ - 2 <S m Louisville,net K e n t u c k y .
Shreveport, L o u is ia n a .
Golnmbna,
MlSSISSIPRI.
“
OToenvllle,
II
Meridian,
It
Natchez,
II
yioksbnrg,
II
Yazoo City,
St. Louis,
M is s o u r i . . .
N .C arolina
Charlotte,
“
Raleigh,
Cincinnati,
O h io .............
II
Greenwood,
Memphis.
T e n n essee ..
II
Nashville,
T e x a s ......... .
Dallas,
**
TTormtnn,
11
P a r is /

? a ..s

o **- '*-<
40 O O

P KI0J18
A p ril.

1897.

Shipm’ts Stack
Since
Thit
Sept.l* 97, week. Dec. 24.

Thu
week.

*

December 24

l.l& O
8,782
4,333
1,926
11,441
1,618
4,954
9 ,9 2 !
12,631
*4,400
2.160
3,180
140
3,940
2,473
2,178
2,270
3 ,032
2,766
2,380
36,540
1 ,166
813
12,579
670
25,720
1,219
1,402
3,778

19.131
131,062
71,669
61,106
140,333
35,255
68,568
167.310
238,510
53,201
63,473
52,684
4,223
1 0 2 ,5 1 s
37,657
51.832
27,591
54,910
46,364
58,089
512,597

1.001
2.934
7,576 26,103
4 ,706 14,3 8 8
3,653 15,292
11,004 26,864
840
5,812
6,000
6,594
13,285
10.688
59,160
11,746
11,827
2,831
2,237
11,066
7,339
2,736
465
95
2,723 3 5 ,3 0 4
3,492
2,462
15,530
1.946
1,600
5,312
3,511
14,304
23,464
3,311
2.438
17,906
35,179
64,174
,
1,160
18,749
725
1.251
107,068
12,380
10.010
12,682
670
412,653
25,015 151,879
20,335
9,030
3,412
3 0 ,AGO ; 2,350
105.027
2 ,6 7 2
6,521
1,224,732 57,2 6 0
76,156
3,05*1
71,532
1,997
4,982

Total, S I tow n *........... 228,357 4 ,021,149 225,832 641,819
AND

SALES
May.

OF F U T U R E S
June.

FOR
July.

SA0B

Movement •«/ December 25, 1 8 96,
Receipts.
Shipm’ts Stock
This
This
Since
week. Sept. 1,’ 96. week. Dec, 25
596
14,547
3,843
113,915
2,268
63,113
1,796
*4 ,5 7 6
1,907
67,648
1,329
31,322
1,591
48,372
4,075
109,763
10,486
243,978
1,224
39,819
1,609
58,077
997
55,496
260
3,955
4,586
33,863
856
29,381
3,032
49,792
34,445
1,131
55,921
2,548
3,715
67,503
5 3 ,4 4 5
811
27,1 4 2
350,771
10.851
828
481
21,513
11,922
16*2.957
460
12.990
26.209
4 4 7 ,1 )5
18,553
1,399
2,040
44,771
46,959
1,412
60,909 1,015,639
1,028
23,770

590
3,008
3,942
3,124
3,204
1,492
786
4,483
9,038
1,323
2,611
673
240
2,515
3,014
832
3,050
2,160
3,846
1,989
21,396
828
193
13,628
445
17,118
1,215
7,820
2,220
58.938
1,028

3,443
28,138
10,250
13,434
9,938
5,838
9,364
8,850
5-1,429
14,997
9,736
5,372
450
29,840
3,856
14,700
407
3 2,995
26,440
19,752
53,244
500
3,310
5,057
255
181,547
635
5,080
, 2,938
55,212

181,980 3,430,593 169,754

588,007

September.

October.

11
©©

November.

II

Saturday, Dec. 18 —
Sales, total..............
Prices paid (range)
Closing......................
Monday, Dec. 2 0 Sales, total..............
Prioes paid (range)
Closing................ .

Firmer.
A v ’ge . 5*71 A v 'g e .. 5*72 A v'g e .. 5*75 A v ’ge.. 5*80 Av’ ge.. 5*35 A v ’ ge.- 5*80 A v’ ge ,. 5*93 A v ’g e .. 5*93 A v 'g e .. 6 ’02 A v'g e .. 6*02 A v’ge ..--------- A v 'g e ..-------0 ,1 6 0
800
800
18,800
1,600
1,700
2,200
to o
23,700
26,5 0 0
85,300
— ® —
5 ’7 1 tfi 5*73 5*75 <2> 5*76 5*711® 5-81 5-81 d 5*85 5-8 8 ® 5*91 5*91 <» 5*94 5*97® 5*9« 6*01 ft 6*03 6*02® —
— "® —
5 -7 1 ® 6*03 5*71® —
Steady.
S * 7 2 - 5*73 5 * 7 3 - 5*74 5*76— 5*77 5 * 8 0 - 5*81 5 * 8 5 - 5*80 5 9 0 — 5*91 5*94— 5*95 5*98— 5*09 6 * 0 3 - 6*0 i 6 * 0 2 - 0*04 0 - 0 5 - 6*06
““ “
—

Tuesday, Doe. 21—

A v ’g e .. 5*73 A v’g e .. 5*73 A v 'g e .. 5*78 A v ’ge.. 5 8 1 A v 'g e .. 5'8 A v'g e.. 3*91 Av’ ge.. 5"95 A v 'g e .. 6 00 A v "g e .. 0*04 A v ’ ge,. 6*04 A v’ge.. 0*07 A v 'g e ..--------Steady.
7 ,000
C. ©
19,600
17,100
31,100
2 ,5 0 0
1,300
300
1,200
200
1,000
82,500
100
— ® 6*07 — ® —
— it 5*86 5 * 9 0 * 5*92 5*95 9 5*96 5 99 it 6*00 0*03® 6*05 6 04 ® —
5*72® 6*07 5*73U> 5*7 i 5-728* 5*75 5 -77® 5*78 5*80® 5 82
an a
5 * 7 2 - 5*71 5 7 3 — 5*74 5*76— 5*78 5 * 8 0 - 5*81 5*85— 5*80 5*80— 5 91 5*91 - 5*96 5*90— 6*00 6 * 0 3 - 6 01 6 * 0 3 - 0*05 0*06 - 6 07 “
Steady.
“
“
|

i> S

Thursday, Deo. 23 Sales, t o t a l . . . . . . . . .
Prices paid (range)
C lo s in g ...................
Friday, Deo. 2 4 —
Sales, total..............
Prioes paid (range)
Closing......................

Av’jate,. 5*77 A v’ve.. 5*77 A v’ ge, 5*81 Av’ ge. 5 8.*' A v'g e .. 5 9 1 A v 'g e .. 5*95 A v ’ge . 5*99 A v’ g e .. 0 04 A v'g e.. 6*08 Av’ge.. 6*03 A v ’ g e ..-------- A v’g e ,.--------Easter.
300
9 ,0 0 0
lc 6,500
1,800
20,1 0 0
40,700
5 ,900
1,500
900
3 ,8 0 0
10,500
— 9 —
5*73® 6*08 5*73 9 5*78 5*74 ® 5*80 5*79 if 5*.-!3 5*82® 5*88 5 ‘0 0 ® 5*01 5*92 ft 5*98 5*07 & 6*01 d*01 ■» 6*06 0*05 ® 0 09
6*01— 6*0 i 6 0 5 — 6 06 6*04— 6*0
6*05— 6*07 6*07— 6 0 9 ,
Dull.
5 * 7 3 - 5*75 5*74— 5*75 5*77— 5*79 5 * 8 2 - 5*83 5*87— 5*88 5 0 2 - 5*93 6 9 7 — —

Total sales this week
Average prioo, week

529,400

8ale88ln oe8ep ,l,'97.

9 ,9 4 2 ,4 0 0

8 ,400
5*73

124,500
5*74

7 ,700
5*77

106,800
5*82

4 .4 0 0
5*87

182,800
5*92

16,300
6* 06

21,100
6*00

4 6 ,8 0 0
6 04

5,800
0*05

4,000
6*06

200

1,178,100

3 ,8 1 2 ,9 0 0

122,500

1 ,9 23,000

65,6 0 0

1,441,000

1 37,300

171,800

211 ,5 0 0

23,000

11,900

200

5 S So
i av s
g-g©3=
Cv* *5
po
ci ^ C P
fii P 23 4=»

.22 «g~

-hotI co-jd a © 5 o
3

,.H5 CQ 03
© 03 35 O k

e

4-J
Ov
^ 1C5 'u K H
p - p P ? CD CO • CO

o
a

5

| l §

§

” ®I
“

- s

§

o ^ -j3

•- f a * t - i
»> C -Ji
tD
" " s K ^43
s~ 3 " ■ * “
i>j o3
2
S ^
a
o

■ §o 'c«

Jr1
o Q3 be © 'd -h
S3^
CD f-j cd ^ ' d
C3 cS d

ss

! <s . fe ta
! 2 0 0 ® ..s
P- ©4
ig l

S fl« I

am
btP "

83 !

A v’ ge.. 5*74 A v 'g e .. 5*74 A v 'g e .. 5*77 A v 'g e .. 5*32 A v 'g e ,. 5*87 A v’ ge.. 5*93 A v'g e,. 5 96 A v ’ge. 6*01 A v ’ge.. 6*05 Av’ge. 0*0 1 Av’ ge.. 0 0 7 A v’ge.. 6*09
Firmer.
? , R00
200
20,900
2,300
9 ,300
3 .9 0 0
2 ,200
21.100
200
2 4 ,8 0 0
2 ,700
92,4 0 0
2 ,200
5*71® 6*10 5*72 (5 5 76 5*71.t 5*77 5 *7 6 # 5*80 5*79® 5*85 5*87 ® 5*83 5 89 ® 5*95 5-0 3 ® 5*09 5 iH ® 0-03 6 0 2 ® H'07 6 *0 3 9 6*06 6 *0 6 9 6*08 0*09® 6 10' © ...
6 0 0 - 6 07 6 * 0 8 - 6*0i) 0 0 8 - 8*09 —i —
5 * 7 5 - 5*76 5*76— 5*77 5 * 7 9 - 5*31 5 8 4 - 5*85 5*89 — 5*90 5 * 9 1 - 5*95 5 * 9 8 - 5 99 0 03 - —
Steady.
|
©9
A v ’ge .. 5*79 A v’ ge,. 5*80 A v ’ge .. 5*83 A v'ge . 5*88 A v’ ge.. 5*93 A v'ge . 5*97 A v’ge.. 6*02 Av'ge. 6*06 A v’ ge.. 6*10 A v’ge. (V09 A v'g e.. C*12 Av’ge. --------- ; ©»o
Firmer.
1,200
200
1*15,300
2 ,600
«,8 0 0
31,8 0 0
1,500
30.6 0 0
5 ,000
10,600
300
57.2 0 0
n 6-1*2
5 '7 8 a 6*12 5*78® 5*80 5*78® 5**1 5 * 8 3 » 5*84 5*8«® 5*90 — a 5-03 5*03® 5*99 0 *0 0 9 8*03 6*04 9 0*08 6-08 » 0*12 0*08 9 0 1 1
Steady.
5 7 9 - 5*80 5 * 8 0 - 5*81 5 * 8 3 - 5-84 5 * 3 7 - 5*88 5*02— 5*93 5*97— 5*98 6 * 0 2 - 6 03 6*08 *- 6*07 0 * i o - t o n 0*09 - 6*10 6 T 0 - 6*12 0-1*2- 6-14

Wodn’ d’ y, Dec. 2 2 —
Sales, total..............
Prioes paid (range)
Closing...................

® -p S ® 2
^£j J2 O rd ,2
o
c«
O - h »-t
r?
■+? P a s
i _rt 03 c©
-8 £
h-H to
!S
t* ^
t“S

M 0N TR ,

A uplift.

-:
Steady.
A.v'#8.. 5*66 A v ’ go.. 5*07 A v’ ge .. 5*70 A v’ge., 5*75 A v'g e .. 5*80 A v 'g e .. 5*85 A v’ ge.. 5*89 A v ’ge.. 5-92 A v ’ge.. 5*97 A v 'g e ..--------- A v 'g e ,. 0*00 A v ’g e ..—
7 ,0 0 0
1,800
2,400
100
2 ,700
1,300
600
000
000
300
17,400
5*70
it)
5*84®
5*35
5*97®
5*93
—
®
—
6*00®
—
—
9
—
5-67® 5*68
5*74 » 5*70 5*70 ® 5*81
5-6R® 6 00 5*6(5» —
5*88 * 5*89 5*02® 5*03
Steady.
6*66® 5*03 5 * 6 8 - 5*69 5 * 7 1 - 5*73 5 7 5 - 6*76 5 8 0 - 5*81 5*85— 5 86 5 8 9 - 5*91 5*93— 5*95 5*98 — 5*99 5 9 7 - 5*99 6 0 0 - 6*Q1 — “ ~

Prices paid (range)
Closing......................

n ‘f
■a s | . a ' s

S

’ JS :
,©r ®
s £•?. * i
> M

C" B m
©
©

« c
9 ®
-

o g
®.a

.Q

5
*
•a g s>p5

«* ® vg 33
O JO *3
P 2 wc b
*3
o £ c a ® ” 1-* a
._ i3 ^ c* C

c

S-3W
§'y. (E
&o
i^
ft.
u
£3 q
igo-?
to §•

go

S ?■££

S m c £V*a *d
l e 'S ;

I i’ g ^ o - E
5_c 2 t ** ® 3f
£
u j c f
(S®— a
*
| oh “ c a l
©»
► ¥«

THE CHRONICLE.

1226

QUOTATIONS FOB MIDDLINGS COTTON AT OTHER M ARKETS.—
B e lo w are 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
and o th e r p r in c ip a l c o tto n m a r k e ts f o r e a c h d a y o f t h e w e e l :
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Dec. 24. "

Mon.

Satur.

G alveston. .
New Orleans
M obile.........
Savannah. .
Charleston..
Wilmington.
N orfolk.......
Boston.........
Baltimore...
Philadelphia
Augusta.......
Memphis___
St. Louis___
H ouston___
Cincinnati..
Loiiisville...

5 >4
5*18
5 hi
5*16
5*8
5ia
5 7a
:>«s
6*€
5>s
SH

- 5 "ie
5 >4
5*18
5 >8
5*16
5%
58)
5 7s
f>*f>
6*8
5Lj
5k

5 7io
5>s
538

^16
5%
5%

Tuet.

Wednet.

57,6
5 uio
5*16
5%
53] 6
5*8
5hi
5 7s
5»s
6%
5ha®9i6
5H
55-6
5 7is
5 ha
5%

57ie
5 6io
0 ,8
53,8
53a
oha
S 78
5^
6*8
5ha
g?lG
5-16
5ha
5%

Fri.

Thun.

5Lj
538
5k
53.6
53.6

§Iie»
o 3*
0*18
53)8
5 3>0
53S
5ha
5 7s
55s
5*16
5916
fie
53g
5(16
5ha
538

538
5H ,
5 1 3 .6
5 “8

SS1B
16
5
5 °16
538
5k
ok

538

T he clo sin g q u ota tion s to -d a y (F rid a y ) a t o th e r im p orta n t
Southern m arkets w ere as fo llo w s ,
5 k I ColumbuB,Miss
5 i le N ash v ille ........................
Athens........... ..
53le
5 ° 16 N atchez......... ..
5%
E ulanla______ _
A tla n ta . . . . . . . .
5k
5%
I.ittle R o o t . .. .
4 78 R aleigh .............
Charlotte.........
5
5 k 1 M ontgom ery... 5 k - 5ie Shreveport____
Colmnbus. Ga.
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 fo llo w in g ta b le

in dicates th e a ctu a l m o v e m en t ea ch w e e k fr o m th e p la n ta tio n s.
The figures d o n o t in clu d e ov erla n d receip ts n or Southern
con su m ption ; th e y are sim p ly a sta tem en t o f th e w eek ly
m ovem en t fro m the p la n ta tion s o f th a t p a rt o f th e c ro p w h ich
fin ally reaches the m a rk e t th ro u g h th e ou tp o rts .
Week
Bndino—
N or.
“
Dec.
“
"

19......
26......
3......
10......
17......
24......

Receipts at the Ports. St'k at Interior Towns. Rec’ptsfrom Plant’
1897.

1896.

411.309! 315.71?
396,053 313,526
400.835 265,902
367.01-8 278,468
389,27.' 327,175
3-6,- 67 310.592

1895.

1897.

1896.

212,429
199,533
227,001
234,659
222,78*
223 949

503,190
559.421
589,083
613,263
639.324
611.849

502,481
530.031
5^8,918
668.7*2
575.781
588.C07

1895.

1897.

471,914 472.141
494,118 452,284
532,688 430,497
556.372 391,278
585.332 415.336
596.>*22 368,792

1896.

1895.

359,915 233,317
341,073 221.787
294,789 265,571
288,332 257,743
334,174 251,743
322,748 235,489

The ab o ve sta tem en t sh ow s: 1.— T h a t the tota l receip is
fro m th e pla n tation s sin ce Sept. 1,1897, are 5,863,079 bales; in
1896 w ere 0,204,451 bales; in 1895 w ere 3,932,464 bales.
2.— That a lth o u g h th e receip ts a t th e ou tp orts th e past w eek
w ere 366,267 bales, th e a ctu a l m o v em en t fr o m pla n tation s w as
388,792 bales, the ba la n ce g o in g to increase th e stock s a t the
in terior tow n s. L ast year th e receip ts fr o m th e p la n ta tion s
fo r th e w eek w ere 323,748 bales an d fo r 1895 th ey w ere
235,439 bales.
O v e r l a n d M o v e m e n t f o b t h e W e e k a n d S in c e S e p t . 1
W e g iv e b elow a sta tem en t sh o w in g th e ov erla n d m ovem en t

fo i the w eek and sin ce Sep tem b er 1. A s th e retu rn s reach us
b y telegranh la te F rid a y n ig h t it is im possible to enter so
largely in to detail as in ou r regu lar m o n th ly rep ort, b u t all
tn e prin cip al m atters o f in terest are g iv e n . T his w eekly
pu blication is o f co.urse su pplem en tary to th e m ore extended
m on th ly statem en ts. T he resu lts fo r th e w eek en din g D ec. 24
and sin ce Sept. 1 in th e la st t w o years are as fo llo w s .
1897.
December 24.
Week.
Shipped—
Via 8t. L ouis..................................
Via Cairo...................................
Via Parker................................
Via Rock rslant]................ . . .
Via Louisville................................
Via Cincinnati....................
Via other routes, &o....................
Total gross overland...............
Deduct shipments—
Overland to N. Y ., boston , <fec.
Between interior towns.............
Inland, <feo., from South..............

Since
Sept. 1

1896.
Week.

Since
Sept. 1.

35,179
20,058
850
4,252
6 / 29
6,908
5,046

4 56,102
187,426
8,349
24,062
47,5-60
52,586
70,634

21,396
11,490
51
500
0,273
5,773
1,948

315.855
166 063
8,087
11,002
85 018
76,675
47,184

79,082

847,119

47,431

7C9.884

21.506
2.943
940

188.971
13,931
17,7 4 4

17,671
28
1,53 2

177,977
2,064
19,313

Total to be rleduoted...............

25,389

220,646

19,211

199,354

Leaving total net overland*.

53,093

620,473

28,220

510,530

The fo re g o in g sh ow s th a t th e w eek ’s n et ov erla n d m ovem ei t
this year has been 53,693 bales, against 23,223 bales fo r t i e
w eek in 1896, an d th a t fo r the season t o date th e a g g reg a te n, t
overland e x h ib its an increase ov er a y ea r a g o o f 115,943 b a le ;.
I n Bight and Bpinnem’
Takings,

1897.
w„„i.
Week.

1896.

Sincej
8ept

»»*•
s ift* l.
Reoelpts at ports to Deo. 2 4 ........ 3G6.267 5,265,306 310,522
4,737,038
Ret overland to Dec. 2 4 ...............
58,693
626,173 28,220
Southern consumption to Dec! 24 24,000 3 72,000 23,000 510.5 0
3 42,000
Total m arketed.......................... 443,960 6,563,779 361.742
5,539,568
Interior stooks in e x o e ss ................
2,525
596,773 12,226 467,413
Came Into slglitdarlng week. 446,485
373,968
Total In sight Dec. 2 4 .______
6,860,552
6.056,981
North’n sp ln n erstak ’ gsto Dec,24 90,192 1,162,317 61,266
899,457

It w ill be seen b y th e a b ov e th a t th ere has com e in to sigb t
du ring th e w eek 446,485 bales, against 373 988 bales fo r t i e
sam e w eek o f 1896, and th a t the iacrease in a m ou n t in sigl t
to-D ight as com p a re d w ith la st y ea r is 893,571 bales.
g

[VOL. 1 X V .

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 . — O ur telegra p h ic ad
v ice s fr o m th e Sou th th is ev en in g in d ica te th at ov er a la rge
p o rtio n o f th e S ou th lo w e r tem p era tu re has preva iled , w ith
sn ow in som e loca lities. R a in has been gen eral, and in p o r ­
tion s o f M ississippi, Tennessee, A rkan sas and T exas th e p re­
cip ita tio n has been h eavy. U n fa v ora b le w eath er has in te r ­
fered som ew h a t w ith th e m ov em en t o f the crop .
Galveston, Texas.— W e have had rain on six days o f th e
w eek , th e ra in fa ll rea ch in g th ir ty -fo u r h un dredth s o f an
in ch . T h e th erm om eter has averaged 54, the h igh est b ein g
67 and the lo w e s t 41.
Corpus Christi, Texas.— R a in has fa llen on each d a y c f th e
past w eek , the ra in fa ll re a ch in g th ir ty th ree h u n d red th s o f
an in ch . T h e th erm om eter has a v era g ed 44, ra n gin g fr o m
38 t o 5'>.
Palestine, Texas.— R a in has fa llen on six da ys o f the w eek,
to th e exten t o f fo u r in ch es and ten h u n dredth s. T h e th e r­
m om eter has ra n ged fr o m 28 t o 44, a v e ra g in g 36.
San Antonio, Texas.— T h e w e e k ’s ra in fa ll has been sixty-six
h u n d red th s o f an in ch on six days. M in im u m tem perature,.
34
New Orleans, Louisiana.— W e h ave had rain on one d a y o f
th e w eek, th e ra in fa ll rea ch in g sixteen hun dredth s o f an in ch .
T h e th erm om eter has averaged 61.
Shreveport. Louisiana.— T h ere has been rain on six days
d u rin g th e w eek , to th e exten t o f th ree inches. T h e th er­
m om eter has a veraged 38, ra n gin g fr o m 32 to 47.
Columbus, Mississippi.— W e h a ve h a d rain on five da ys
d u rin g th e w eek , to th e exten t o f th ree in ch es and thirteen,
h un dredth s. T h e th erm om eter has ra n ged fr o m 28 to 66 ,
av era g in g 49.
Leland, Mississippi—It has rain ed d u iin g the w eek , the.
r a in fa ll rea ch in g fo u r in ch es an d fo r ty hundredths. A v e ra g e
th erm om eter, 38-6, h igh est 64, low est 39.
Vicksburg. Mississippi.— W e h ave h ad rain on six days o f
th e past w eek , the p recip ita tion being five in ch es and n in e ty hundredths. T he th erm om eter has a veraged 44, th e highest
b e in g P4 and th e lo w e st 34.
Little Rock, A rkans s.—S n ow has fa llen to th e depth o f
fo u r inches. T h ere has been rain on five days d u rin g the
w eek to th e exten t o f tw o in ch es and n in ety one hundredths.
T h e th erm om eter has averaged 32, ra n gin g fr o m 27 to 43.
Helena, Arkansas.— T h ere has been rain on five days the
past w eek, n ea rly con tin u ou s, a ccom p a n ied at tim es by sleet.
T h e ra in fa ll reach ed fo u r in ch es and tw e n ty -n im h u n d red th s.
Stalks h ave been b rok en and cotton k n ock ed ou t o f th e b o ll.
W e a th er to o c o ld fo r p ick in g. T h e th erm om eter has aver­
aged 33, th e h igh est b ein g 49 and the low est 26.
Memphis, Tennessee.—S n ow , sleet and ic e h ave in terfered
w ith the m a rk etin g o f cotton . W e h ave had rain on six days
d u rin g th e w eek, th e ra in fa ll rea ch in g th ree in ch es and fifty six hun dredth s. T h e w eath er is n o w clea r and cold . A v e r ­
age th erm om eter 33'8. h igh est 57 and low est 23'5.
Mobile, Alabama.— W e h ave h ad rain on fo u r days o f th »
w eek , to th e exten t o f th irty -on e h u n d red th s o f an in ch . Thfe
th erm om eter has avera ged 58, ra n gin g fr o m 40 to 72.
Montgomery, Alabama.— W e h ave h ad rain on th ree days
d u rin g the w eek , the r a in fa ll rea ch in g th irty-th ree h u n ­
dredth s o f an in ch . T h e w eather has been c o ld e r sines y es­
terday. T he th erm om eter has ra n ged fr o m 49 to 65, a v er­
a g in g 57.
Selma, Alabama.— T h ere has been rain on th ree d a ys
d u rin g the w eek , to the exten t o f fifty -six h undredths o f an
in ch . A v e ra g e th erm om eter 56, h igh est 74, low est 35.
Madison, Florida — T here has been rain on on e day o f th e
w eek, the p recip ita tion b ein g tw e n ty h u n d red th s o f an inch.
T h e th erm om eter has avera ged 63, th e h ig h est b e in g 82 and
th e lo w e st 47.
Savannah, Georgia.— R a in has fa llen on five days o f the
w eek , to th e exten t o f tw e lv e h un dredth s o f an in ch . T h e
th erm om eter has ra n ged fr o m 40 to 69, a v era g in g 58.
Augusta, Georgia.— It has rain ed on fo u r days o f the w eek,
th e ra in fa ll rea ch in g fo r ty one h u n dredth s o f an in ch . A v e r ­
age th erm om eter 50, highest 67, lo w e st 34.
Charleston, South Carolina.— W e h ave h a d ra in on fo u r
days d u rin g th e w eek, th e p recip ita tion b ein g tw en ty-seven
h un dredth s o f an in ch . T h e th erm om eter has avera ged 56,
the h igh est b e in g 72 and tn e low est 43.
Stateburg, South Carolina,— W e h ave h ad lig h t rain on five
days o f th e w eek , the p recip ita tion rea ch in g six ty -tw o h u n ­
dredths o f an in ch . F rost on one day. T h e th erm om eter has
averaged 49 T , ra n g in g fr o m 36 to 65.
Greenwood, South Carolina.— R a in has fa llen on three days
o f th e w eek , to the exten t o f six ty fo u r hun dredth s o f an inch.
T h e th erm om eter has ran ged fr o m 39 to 52, av era g in g 45.
T h e fo llo w in g s ta tem en t w e n ave also receiv ed by telegra p h ,
sh ow in g th e h eigh t o f th e rivers a t th e p oin ts n a m ed a t
8 o ’c lo c k D ec : mb* r 23, 1897, an d D ecem b er 23, 1896.

New Orleans........
M em phis...............
A^ashvilie...............
Shreveport............
Vlcksbnrs:............. ......... Above zero of tcautre.

Dec. 23, ’97. ! Dec. 23, ’96,
Feet
Feet. ‘
3-1
51
11 5
10 0
5-S
0 9
0 3
4*4
12-3

F a l l R i v e r M i l l s D i v i d e n d s .— In ou r e lit o r ia l colu m n s
to -d a y w ill be fo u n d th e divid en d re co rd o f th e F a ll R iv e r
m ills fo r the fo u rth qu arter and y ea r 1897, w ith retnarks
th ereon.

D ecember

THE CHRONICLE.

25. 1897.]

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 l p i s
a n d s h ip m e n ts o f c o t t o n a t B o m b a y h a v e b e e n as fo llo w s fo r
t h e w e e k a n d y e a r , b r in g in g t h e fig u r e s d o w n t o D e c . 23,

BOM BA? SSOBIPTS AND SHIPM ENTS FO S KOOK YEARS.

Shipments this w eek. | Shipments sitice Sept.
Year Great Conti'
Great
BriTn. nent. Total. Britain
1897
1898
1895
1831

1 ,0 0 0

1 ,0 0 0
2 ,0 0 0
.......... 2 , 0 0 0
iJ,C K )0 1 4 . 1 1 0 0 1 7 , 0 0 0
4 ,o o o
4 ,0 0 0

Continent.

Conti­
nent.

C a lc u tta 1 8 9 7 _____
1896 . . . . .
Madras—
1 8 9 7 ..
....
1896
II other* —
18-97..........
1 8 9 6 ..
....

1,000

Total.

2 ,000

—

3 ,000
2,900

1 ,000
2 ,000

KXFORTS TO BOBOPB

Continent.

Since
Sept. 1 .
1 1 3 .0 0 0
2 6 0 .0 0 0
4 '0 , 0 0 0
1 2 4 ,0 0 0

8 000
12,000

2.000
9 .0 0 0

5 .000
12,000

7 ,000
21,000

7 .000
1 0 ,0 0 0

18,000
28,000

25.00(
38,000

11,0 0 0
22.0 0 0

29.0 0 0
49.000

40 ono
71 000

FBOM ALL

1897.

Total.

6,000
9 .000

2 ,000
3.000

• 1,000

2,00*6

Total all—
1897 . . . . .
1 8 9 6 ..
....

Shipments
to all Europe
from —

Great
Britain.

1897.
Receipts to Dec. 24.

Shipments since Sept. 1.

Shipments f o r the week.
Great
Britain.

This
Week.

1 9 , 0 0 0 30 000
9 5 ,0 0 0 3 8 .0 0 0
1 2 7 ,0 0 J 4 7 .0 0 0
2 0 .0 3 0 2 3 .0 0 0

1 .0 0 0
1 3 ,0 0 0
4 ,0 0 0 j 9 1 ,0 0 0
6 . 0 0 0 1 2 1 ,0 0 0 1 ;
1 .0 0 0 1 2 5 . 0 0 0 i

2 ,0 0 0

Sept, 1, 1897, th e s to ck s to -n ig h t, and th e sa m e item s for t h e
corresn on d in g p e rio d s o f 1896, a re as fo llo w s .

INDIA.
1895.

189#

Stock,

1896.

This
Since
Since
This
week. Sept. 1. week. Sept. 1. 1897.

Receipts.

1.

_ . .
TotaL

|

1227

1896.

Savannah . . . . . . . . . ___ . . .
Charleston, & c...................
Florida. <fec-.............

2,718
758
397

43,218
8,179
3 427

3,834
3 ?0
842

66,464 25 m O 3 3 ,3 3 7
9,288 7,108, 0 ,1 6 6
3,753 1,108| 3 .4 8 3

T o t a l .-....,.--........

3 ,873

51,8 2 4

5.056

79,505 33 566 4 1 .6 3 6

T he e x p o rts fo r th e w e e k e n d in g th is e v e n in g r e a c t a t o t a l
of 3,110 hales, o f w hich 3,374 bales w ere to G reat B ritain. 43
to F ran ce and — to B e v a l, an d the a m ou n t forw a rd ed t o
Northern m ills has been 713 bales. B elow are th e e x p o r t s
for the w eek an d s in ce S ep tem b er 1 in 1897 an d 1896.
Exports
from—
8a 7anD:i'j...

Week Ending Dec. 24. Since Sept. 1, 1 8 97.

North’ n M il *.

Great Fr'nce
Great Fr’nce
Total. BriVn.
Total.
e§C.
BriVn, dkc.

Since
Week. Sept. 1.

3,359

8 ,200
1,015
1.525
2,001
52
.........

3,359

1,457

9,667
1,015
i;5 2 5
2,946
52

316

......

.........

Total.........

3 ,374

45

3,419 12,793

2,412 15,205

713 1 3 ,4 4 9

Total 1 8 9 6 ..

497

. 537

1,084 17,625

5.391 23,016

1.S19 1 8 ,3 9 1

15

60

45
P1I_r
___
.........

915

397

9 ,6 6 0
362
3 ,4 2 7

Florida, Ac.
NTew York..
B oston.........
Phila., A c ,..

___ ___
___ __ _

......

.........

........*

A con sid era b le p ortion o f th e Sea Isla n d c o tto n shipped i o
foreig n ports g oes v ie N ew Y o r k , an d som e 3m all a m oun ts v ia
B oston a n d B a ltim ore. lu stea d o f in clu d in g th is cotto n f o r
B o m b a y .........
2,000
19.000
2.000
95.000 3 7,000 127,000 the w e e k in w h ich it lea ves th e S ou th ern ou tp orts, w e f o llo w
4.000
40,000
V.009
All other port*
71,000
78,000 the sam e plan as in o u r reg u la r ta b le o f in clu d in g it w h en
1*000j
59.000
4.0001 166 000 21,000 205 000 a ctu a lly ex p o rte d fr o m N e w Y o r k , & c, T he d etails o f t i e
T o t a l-. .
3,000!
shipm ents o f Sea Isla n d c o tto n f o r th e w eek w ill be fo u n d
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 . — T h rou gh a rra n ge­
under the head “ S h ip p in g N ew s,” on a su bsequ en t page.
m ents w e h a ve m a de w ith Messrs. D avies, B en aeh i & C o., o f
Q uotations Dec 21 at S a va n na h, fo r F lorid a s, c o m m o n ,
L iverp ool an d A le x a n d ria , we n ow receiv e a w eek ly ca b le c f
m ed iu m line, 10c.: c h o ice . 18J£o.
the m ovem en ts o f c o tto n a t A lexa n d ria , E g y p t. T h e fo llo w in g
C h a r le s to n , Carolina® , m e d iu m fin e. 1 6 e .: fiie, l l l j to 1 8 c .;
are th e receip ts and sh ip m en ts for th e past" w eek an d f o r th i
fu lly fin e. 20 to 3 3 } 0 . ; extra fin e , 26 to 3 3 ;.
c ^ re sp o n d in g w eek o f th e p reviou s t w o years.
This 1 Since
week. ' Sept. 1.

This | Sint
week.
Sept, i

This
week.

Since
Sept, 1.

Ex p o r t s

Alexandria, Kempt,
December 'll.

1897.

VMM! (.to icAatars*)___
This w eek ...........
Since Sept 1_______ _

1895.

1896.

310.000
3,691,000

j
(i

This
Since. t Thi* ! Since
week. Sept. 1.
week. Sept.l.
Export* (bale*)—
To L iv e rp o o l..........
T o O on tin en tt..........

260,000
3,4 43.OH0

230,000
3 3 4 5 .0 0 0

op

C otton G oods

prom

G

reat

B r it a in . — B d o w

we g iv e th e ex p o rts o f cotto n y a rn , g ood s, & c.. from G re a t
Britain fo r th e m onth o f N ovem ber and sin ce J a n u a ry 1 in
1897 and 1896, as com p iled by us from the B ritish B oa rd
o f T rade returns. It w ill be n oticed th a t w e h a ve r e d u c e d
the m ovem en t all to pounds.

This
Since
week. Sept. 1,

Cloth.

TcimAThr&xd.

2 otaiofAtL

9001 omilttrl.

U.OOO 155.000 7,000 175.0OO 17,000 19 4 000
in,0*0 i n ,000 7,000:131.090 (11,000 137,000

m 7.

1886,

1897.

1896.

1807.

1896.

1897.

Lbt.

Lbs.

Fda.

Yds.

Lbs.

Lbs-

Lbs.

Lbs.

f o u l Europe_____ •21 OOO 296 000 11000 400,000 129.0001331.000
• A can tar la 9S pounds.
I O f whirl* Vo America lu 1897,1 0.261 bates; I d 1816, 15,219 biles;
ID 1 8 9 3 ,2 7 ,0 1 6 bale*.

/Aauary.. ..
rebmary...
Warch . . . . . .

21,'81 22,ee«
19,9 9 21,421
24,839 23,948

437,480 85,229 83,282453,009 09,318 80,23"
441,944 82,73
84.132

103,410
89,257
107,57*

105,978
107,659
108,081

rot.lit qnar

65,959 68,086 1,741.752 1,332.433 237,2 ^ 253,65V

303,215

321,718

T h is statem en t sh o w s th a t th e r e ce ip ts fo r th e w eek en d in g
D ec. 22 w ere 319,000 oa n ta rs and th e sh ip m en ts to all E u rope
2l.<Wn hales.
M a n c h e s t e r M a r k e t . — O ur re p o rt r e ce iv e d b y c a b le
to -a ig h t from M anchester states th at the m a rket is qu iet fo r
both varns and sh irtin gr. Tne d em an d f o r C hina is p o o r .
Vie g ive the prices f r to -d a y b e lo w and ie » v . th o e £.. r
p reviou s w eeks o f this and last y e a r for com p a rison .

April.....
vlay............
ftine...........

%ZM3 23.40P
22,75* 21,756
20,718 23,078

88,094
96.5U
68,289

99,319
95,793
100,089

1896.

1897.
8*4 lbs. Shirt- CotCn
3 2 f Cop. ings, common I f id. 32* Cop.
Twist.
Twist.
XTplds
to finest.
Jfv 19
44 26
D e r .3
** 10
4* 17
4f 24

d.
d.
3 '> U » 7

a.
4
4
4
5% <f6 7* 4
5 n 1<t- s t * i . 4
5 U ^ « U 8t* 4

d.
a.
1 »6
l
1
1 96
1 96
0*7*8

7kl
7h,
.8
8
7*v
8

d.
3 '-,,
3q
31,
33*a
3 ',,

<1,
d.
65i 9 7 h
61«1(;^ 7 - f l
6 U .K4 /7 „
6 % *7%
6Ht )»7i> «
69,* 973*

8.
4
4
4
4
l
4

d.
8 (1
5 96 10h
4 h 3 l6 10
4 3 6 10
3 ■9 6 9
2 ft 6
2 7f6 8

d.
4^.12
4 H 3i
49 jo
4® 3
D is
4 5*2

J r r e B e r n B a o d in g , & --T ra n s a ctio n s in ju te b a g g in g
have bean ligh t d a rin g th e w eek u n der re v ie w and prices
have been red u ced , the close to -n ig h t b ein g a t 5c, f o r 1% lbs.,
5 S c . fo r 2 liis. and 6 ? , 2 . fo r ‘Z'4 lb s., ia a jo b b in g w ay. C ar­
loa d lots iif standard brands are q u oted at iHg c. f o r \% lb s .,
,y ,
fo r 2 lb s. and He. f o r £>4' lbs., f. o . b. a t N ew Y o r k , T h e
m ark et f o r ju te both* has bean q u ie t. Q u o ta tio n s a re *75@
■-0 ;. f.,r p ip u -q u a lit y , 1 1
for m ix in g and t ^ c . fo r sp in ­
n in g cn :t togs, a ll to a rrive. S p in n in g cu ttin g s on the sp o t
are q u oted at l'- 8'c . an d paper q u a lity at % c.
B s c h a n o e s . — T h e f o llo w i n g e x c h a n g e s h a v e b een m a r e
d u r in g th e w e e k :
'30 pi. t o pv '
W fan. f »r Aug. I •<!7 pd. t o exob . 2,<W)0Jan for Mob.
18 pd toexrb. 27,-too Jan.fur M u . |-31 pd. to exoh. l .. jO Jao. for Aug.
"20 pd. to exeb 2 ,100 ran. for.Imv. 1 35 pd. to exob. »U0 Jan. for Oot.
't:5 pa. 6(1 oXAb. 700 Stay for A ik. I-31 p(l. to exeb. 510 Jan. for Sept,
(li pd rnmnh 1.100 Dec for J in. 3 : pd. to exeb. 6 *0 Jan for Sep:.
Oh pd. to exob. 6.700 .Tin. for M li. I-04 pd. to exeb, 700 J uly Tor Aug.
'IK J'.t, to exolt sou Dec. for M ly. i-10 pd. to exob. 100 Dee. s. n. 28tU
A po. to exeh. 2.600 Jan. for .1’ no.
for May.

401,397
3S9,01«

06.< 7 70 4173.75.1 74.037
430,057 07,67- 83,01!

63,sS40 1,088,845 1,226,470 207,100 233,161

Pot. 2d quar

66,097

23,153 23,573
23,701 22.401
21.598 22,302

Tot. Sd qaar

98.782 68,279 1,216,701 1,113,124 231,701 209.10

Noreraber

24,234 23.489
. 27 052 21,611

400,900
437,455
372,4 6

390 5*4
432.140

483.086 77,505 92,314
482,139 83,325 01,788
447,002 70,934 85,095

410,04 9 74 390 79,77c*
307.183 82.314 75,068

Sundry articl

273,497

302,301

100,958
107,021
92.532

115,887
114.1S7
107397

300,516

337,471

98-024
110,206

103,242
97,182

83t
23,814

i n 69
23.022

•,110.79!- L, 186,005

Total exp ^rts of cotton mannfaotures........

The foreg oin g sh ow s that there has been ex n crte d fr o m th e
United K in g d o m du ring th e eleven m onths 1,110,798,900 lbs.
of m anufactured cotton , against 1,186,00 *,000 lbs. la sty a a r, o r
a d e;rea se o f 75,207,000 lbs.
A fu rther m atter o f interest is th e d estin ation o f th ese
exports, and w e have th erefore prepared the fo llo w in g
statements, sh ow in g the a m oun ts taken b y th e p rin cip a l
countries during N ov em b er and since .January 1 in each o f th e
last three y ea rs:
ENTOK1S OF MSOIS GOODS AND YARNS TO PRINCIPAL COUNTRIES IN
NOVEMBER AND FROM JANUARY 1 TO NOVEMBER 30. ________
Piece Goads—Yards.
(000s omlbUd.)

Jmi, i to m p . ao.

November.
im .

216.302
Turkey, Egypt and A frica... 84,2-9
27,497
22,007
30 48:4
J8.3 9
U1 other countries............... 20,523

1896.
180,827
(75,07 l
30,047
2 4,72ri
4 lJ 55
23.413
20,115

1805.

1897,

1800.

1805.

150,781 1,830,9' 4 2,110,958 J,848,739
01,98: 770,892 031,240 117,1:87
6»V 0» o)3.1?l 597,:-: 03 3)3,010
22.249 265,5 3 205,2 li) 253,351
“ 5 2! 7 42 L.494 500,768 019,600
25.611 227,6 0 259.(54 < vm,b 9727,033 346,410 3b 7,337 332,042

397.483 118 837 4,374.050 4,768.559 4,623,108
Total value....................... 23,981 k 3,653 13,9? 1 JM1,893 4.40,9)0 4:12,759
Yarns—Lbs.
(000s omitted.)

p d .t o e m h l.t o n J.m t >r ro e. I 1 0 pd t<> exob. 7 0 0 Mob. for May.
2 - pd. to exeb. a.a i() June for July I Even 430 Dee. for Jan.

Oth. Europe (except Turkey

8 e a I s l a n d C o t t o n M o v e m e n t . — W e h a v e receiv ed th is
-r id a y ) e v e n in g by telegra p h fr o m th e various ports the

China and Japan...................
Turkey and Ktfypt......... .—
411 other countries................

details o f th e Sea Island c o tto n m o v em en t f o r th e w eek. The
receip ts fo r the w eek en d in g to-n ig h t (D ec. 21) and since

Total value......................

17 pd. to exeb. 7,1 JOJan. for May. I 04 pd. to exob. 500 Jan. for Feb.

316.872
387.22*.
351,7 P

July........... .
Aatrast.......
September..

>otober. . ..

SH Ibt. Shirt CotVn
ings, common Mid.
TTpld*
to finest.

>i17,452
363.91 £*
434,331

1890.

3,710
3,332
4.537
5,80 7
3, lf0
3,177
1,701

2,907
3,388
3,8.8
3.974
1.513
2,155'
1,628

3.K7
4.53}
4.070
2.WII
3.0)9
1.70“
1,212

25,582 19,333 21,1180
1840
1970
1815

33,102
30, 33
40,051
45.57»
31,317
20,50 »
15,4 33

31,249
44,109
40 895
48,8 3
30,087
20,109
15,713

30 993
44.737
49.251
41,809
29,809
23,425
15,478

229,3791 223, H0O 234,502
£9,< 52
19.230 £8.582

1'HE CHRONICLE.

1228
P lea

fob

R

educed

A c r e a g e . — A t a m e e tin g o f th e A m e r i ­

c a n C o tto n G r o w e r s ’ P r o te c tiv e A s s o c ia tio n h e ld a t M e m p h is ,
T e n n ., on M o n d a y , D e c . 20, a s tr o n g p le a f o r

t h a t b y d e s tro y in g th e a n n u a l s u rp lu s th e la w o f s u p p ly an d
d e m a n d w o u ld p r e v a i l; c o m p e titio n w o u ld in te rv e n e a n d the
c o st o f th e p ro d u c tio n

o f th is

c o m m o d ity , w h ic h

is a fa ir

s ta n d a rd o f it s v a lu e , w o u ld be th e b a sis o f it s m a r k e t p ri ;e.
E g y p t i a n C o t t o n C r o p .— T he f o llo w i n g r e p o rt o n th e
cotto n cro p in E g y p t , issu ed b y th e A le x a n d r i a G e n e r a l
P ro d u c e A s s o c ia tio n u n d er d a te o ’ N o v e m b e r 80, h a s b een
fu rn ish e d to us by M r . P r . J a c . A n d r e s o f B o s to n . A g e n t o f
th e A n g lo E g y p tia n B a n k , L im ite d , o f A le x a n d r ia :
The first part of November was rainy and cool in the northern part
of the Delta, bur it. was followed by some fine days, when the tempera­
ture was fa voruble. Practically speaking. there was very little cotton
in tt c third picking; in the greater number of localities the cotton
which in other years formed the third picking was gathered with the
second. The same in many instances had happened with the first and
second pickings. The quality in general leaves much to be desired.
W e note mneb waste and irregularity of staple, also the cotton con­
tains whitish Hakes. The result of all the pickings together gave an
increase per feddan over last season. The yield in ginuing continues
to surpass by about 2 per ceut that of last year. In fine, our informa­
tion fully confirms oar previous forecast, and we to-day estimate the
crop at 0,230,000 can tars minimum, with a possibility of reaching
6,5u0,000.
S h ip p in g N e w s .— A s s h o w n on a p r e v io u s p a g e , th e
e x p o rts o f c o tto n fr o m th e U n i t e d S ta t e s th e p a st w e e k h a v e
re a c h e d V83,5 8 0 b a le s. T h e s h ip m e n ts in d e ta il, a s m a d e up
fro m m a il a n d te le g r a p h ic re tu r n s , are a s f o llo w s :
Total bales.
N e w Y o r k —T o Liverpool, per steamers Cevic. 6.988 upland
8,002
upland and f> Sea Island ...C u fic, 999 upland....................
1 ,6 .5
To Hull, per steamer Francisco, 1 ,6 2 5 .........................................
To Havre, p^r steamers Oonemaugli, 200 ...L a Gascogne,
896
651 upland and 45 ^ea Island.......................................................
350
To Dunkirk, per steamer Craigearn, 3 5 0 ....................................
1,315
To Bremen, per steamer Weininr, 1,315 .....................................
2 00
To Hamburg, per steamer Persia. 2 0 0 ..........................................
209
To Amsterdam, per steamer Edam. 209 ...................................
15 6
To Antwerp, per steamer Friesland, 156....................................
1 ,387
To Genoa, per steamers Ems. 100 ...K ara m a n ia, 1 ,2 8 7 ___
To Naples, per steamer Ems, 1 ,0 5 0 ......... ......................................
1.050
N e w O rleans —To Liverpool—Dec. 18—Steam erEuskaro,4,430
___ D -c. 2 0 —Steamer Vesta. 6,625 ............................................. 1 L 05 5
2.050
To Belfast— Dec. 2 4 -Steam er Ratnore Head, 2 ,050 .............
To Dublin - Dec. 17—Steamer Bengore Head, 6 5 .................
65
To London— Dec. 1 8 -Steam er Cayo Mono, 1,400 ..................
1,400
To Havre— Dec. 21—Steamer Benridge, 7 ,4 8 2 ___ Dec. 2 2 Steamer Iran, 15.4 2 5...................... ............ ............. ............... 22,907
To - reroen—T)> c. 22—Steamer Netherby H all, 8 ,2 6 1 ... Dec.
2 4 —Steamer Crest, 8 ,0 0 0 ................................................................ 1 6 , i
To H a m b u r g -Dee. 17—Steamer Oscar IT., 1 ,1 5 0 ....................
1,{.50
To Copenhagen—Dec 2 1 —Steamer Alexandra, 8 5 0 ...............
850
To G en oa-D ee. 2 2 —Steamer Europa, 4.848 ..........................
4,8 4 s
To Trieste— Dec. 23—Steamer Betty, 2 .5 0 0 ................................
2.500
To Veuice—Deo. 2 3 -S team er Betty. 1 ,3 0 0 ..................... ........
1-800
G alveston —T o Liverpool— Dec. 18—Steamers Hemisphere,
10,5 *1; Mira, 7.353: Rita. 4 935; Samoa. 1 6 .4 0 4 ____
Doc. 21—Steamers Cromwell. 7 ,369: Horatio, 7 334 . . .
D -c. 22—Steamer Buenaventura, 3 .7 5 8 ....... ............................ 5 7 ,-74.4
To Manchester—Dec. 23 - Steamer Ernesto, 4,51-7.............. ..
4 ,507
To Havre—Dec. 1 8 -Steam er Ethiopia. 3 .4 2 9
Doc. 21—
Steamer Benwick, 4 ,3 8 8 ....... Dec. 22—Steamer Trojan,
18>572
To Bremen— Dec. 17—Steamer Madeline. 8 ,2 2 9 ___Dec. 18—
Steamers Barnesmore. 9,596; Haro, 7 ,3 0 3 ............................
25,128
To Ant w erp -D ec. 1 8 -steam ers Curytiba, 1,175; Glenfield,
3 ,0 2 "; Lancelot, -1,075........................................... .........................
4 .441
T e xa s Crnr, &<•,—T o Mexico, per railroad, 2,081 .......................
2 .0 S 1
P ensacola —To Liverpool— Dec. 2 3 —Steamer Rodda u. 4 ,3 0 0 ..
4 >300
Savannah - T o Liverpool—Dec. 23 -Steamer Hindustan, 3 .247
upland and 3,359 Sea fsland..............................
*.■606
To Bremen— Dec. 21—Steamer Kelvin. 9 .350 ...D e c . 24—
Steamers G. R. Booth. 7,52 5 ; Strathclyde. 1 0 ,0 0 0 ____
2 ).,875
To Genoa—Dec. 2u—Steamer Buckingham, 7 .559
............... ^ 7 >559
B r u n sw ic k —To L iverp ool-D ec. 21—Steamer Kelvingrove,
5,818
To Bremen Dec 22 -Steam er ih ex, 4 .8 0 4
.....*
4.8(11
CH AHLKsr, »n—T o Bremen—Dec 2 2 —Steamer Ampliitrite, 7,925 7 -925
To Barcelona—Dec. 18—Steamer Evelyn, 0 ,500 .....................
t>>500
N o r f o l k —To Liverpool—Dec. 18—Steamer Lambert’s Point,
5 ,9 5 2 ..
............................ ................._
5,252
To Leith—D* c. 2 1—Steamer Kildona, 200. . . .
200
To Rotterdam— Dec. 22—Steamer Strathtav. 1,893
’
1,898
To Nyl.org - Dec. 2 2 —Steamer Hartvllie, 2 0 0 ............... .
200
B o s t o n - i’o Liverpool—Deo. 17—Steamers Corintliia, 1 .8 0 3 ;
•
Ottoman, 1. 53 — Dec. 21—Steamer Philadelphian, 2 1 1 ..
3 ,267
BALTntou. - i n Liverpool—Dec. 2 2 —Steamer Vcdamore, 2,848
2,848
To Bremen—Dec. 22—Ste uner Willeliad, 1,215
1.215
To Hamburg—Dec. 22—Steamer Alcsia, 7 0 0 ........................
. 700
P h ilad elph ia —1To Antwerp—Dec. 2 2 —Steamer Switzerland,
40
dAS
M“ T" Japan—Deo. 18 -Steam er City of Peking,
1.600
Total
. ............283,580
from
New c/neans.
Orleans. Dec
. No te .—steamer
.. . . . . . . Nordvalen
. . . muv ui.-ii 1
mm 11 ioiow
i»eo. 16. for Copeuhag' ll, carried no cotton. Ship Alegret- carried 2,000 b aies to Barcolona and bark A lautico 1,000 bales to Lisbon.
Tii • n ir ti • lU rs f>f tl13.se s h ip m e n ts , a r r a n g e d in o u r u su a l
f o r m , are a s fo llo w s.
Other South
Great
GerNorth Eui>rii a. I'ranee, m any. JCurooe. rop e. Mexico . Japan. Total.
New York.
9,6 >7 l , i 40 1, S15 3 0 ’ 2.43 1
.......... 15,190
N. Orleans. 14,570 2 ,,907 17.411
810 8,041
......... 84,3^8
Oalv't'n. Ac. 6 2 ,3 .1 18,572 25,128
8,177
2,081 ......... 116,399
4. m » ..
P en «a cou .
..........
4,300
Savannah.. 6. •’.06 .. . . . 28 875
7,559
......... 41,0 4 0
t 816 ... . . . . 4 .-0 4
B ru n sw ick
......... 10,620
Charleston
. . . . 7,925
8,500
.......... 14,425
N orfolk ..
h ,152 ..
2.098
.........
7 ,550
B oston .. .
3,,:« 7 ...
- .............8,267
B altim ore.
2,,*48 .. . . . . 1.915
..........
4,763
P h iladelp’ a
40
40
San 1 rau..
1,600
1,600

.......

Total-----114,827 42,725 85,573 11,830 25,1 4 4

Cotton freights at New York the past week have been
as follows. ■

a r e d u c tio n o f

c o tto n acre a g e w a s m a d e b y P re sid e n t L a n e , w h o p oin te d o u t

2,081

1,600 283,580

[Y ol . LXV .

, Satur.

Mon.

1 Tues.

Liverpool,aslced .d.
30t
30t
H a vre.................. .c. 3 3 & 3V 33 a>34
3r»1
35t
B rem en .............. .
H a m b u rg............
30
301
35
Am sterdam ........ .c.
351
501 i
50.
Rcval, v. IIamb .a .
Do v. H u ll....d.
43t
481
R otterd am ......... .d..
351
35i
40t 1 40f
G e n o a ................. .
Trieste.................. A .
732
7«
!
Antwerp.............. A .
96
9 4
G hent,v.Antw ’p,A .
t Cents net per 100 lbs.

Wednes.

Thurs. I

Fri.

30t
! 33^34

30t
30f
301
33 <* J4< 35a>34l 3 3 /*3 4 t
35.
35
35t
3 *
301
301
301
30t
35t
3*t j
351
35t
!
501 i
50
501
501
481
48»
4»t ,
461
35 f !
. 351
351
3 1t
j
401 1 4o1
4 >t
40 f
,
7 <2 '
7 2
732
7>
9 4
f 0.
9 4
964
"d .
I
''e i
“ 64

L iverpool .—By cable from Liverpool we have the follow ­
ing statement o f the week’s sales, stocks, &c., at that port.
Dos. 3.
Sales of the week........... bales.
Of wiiioh exporters to o k ...
Of which speculators cook.
3a es A m erican ..........................
Actua export. ..........................
Total stock— Estimated. ........
Of which Am erican—Estm’d
Total import of the week. ..
Of which Am erican...............
Amount attoat........... .................
Of which American...............

Dec. 10.

63.0 0 0
*2.600
6 ,500
59.0 0 0
5 ,000
65.0 0 0
50 <,000
4 91.000
100.000
88.0 0 0
41 ,000
41 3 .0 0 0

69.0 0 0
3 ,000
1 ,3 0 0 1
61,0 0 0 '
11.0 0 0
76,000,
6 6 5 .0 0 0 1
5 6 ',0 0 0 ,
160 ,0 0 0
1 il.OOO,
4 ‘3,0001
4 0 0 .0 0 0 1

Dec. 17. j Dec. 24.
65.0 0 0
100
2 ,1 0 0
61.0 0 0
7 ,000
80,0 0 0
7 .16.000
620 .0 0 0
'4 7 ,0 0 0
130 .0 0 0
<6 l.OOrt
3 6 0 .0 0 0

6 2 ,0 0 0
2 ,2 0 0
1 ,800
5 7 .0 0 0
4 ,0 0 0
7 6 .0 0 0
7 7 0 .0 0 0
6 5 7 .0 0 0
127.000
1 0 7 .0 0 0
4 0 1 .0 0 0
4 0 0 .0 0 0

The tone of the Liverpool market for spots and futures
each day of the week ending Dee. 21 and the daily closing
prices of spot cotton, have been as follows.
Spot.

S a V d a y.

M o n d ay. Tu e sd a y . W ed'day. T h u rsd 'y F rid a y.

Market, ) In buyers'
Harden’}; In buyers' Hardeu’g
Steadier. tendeno
favor.
. favor.
tendency.
L:45 P. m . j
Mid. IJpTds.

3-7i6

"p e c . & exp.

7 000
500

F u tu re s.
Market, {
1:45 P. M. \

Steady.

Market, \
4. P. M. \

Steady

3 3 16
10,000
*0 0

3 '32
10,0 0 0
500

Firm.

3 7s 3

37 3

3 7S2

12,000
1,000

10,0 0 0
1 000

1 2 ,0 0 0
3 ,500

Steady at Steady at Quiet at Steadv ai Steady at
partially partially partially partially partially
1-64 adv. 1 04 adv. 1-04 dec. l-o4 adv.
decline.
Steady.

Steady

Quiet.

Barely
steady.

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 a t.
Dec. 18 to
Dec. 24.

D ecem ber. .
D ec.-Jan___
Jan.-Feb . . .
Feb.-Mch___
Moh -April .
April-M ay...
May-June ..
June-July...
July-Aug . . .
A u g .-S e p t...
Se-pt.-Oct...
Oct.- Nov . . .

M o il.

T u es.

W ed.

T i l 11 i*s.

F ri .

1 1 45 4 1 45 4 1 45 4 1 45 4 1 45 4
12^
P M. P M. P M. P M. p M. p M. p M. P M. P M., P >1. P M. P M.
d.
3 07
>0 7
3 07
3 OS
3 0<
3 0)
3 11
3 12
3 13
3 14
3 15
3 16

1.
< 07
3 07
3 07
3 08
3 08
3 09
3 11
3 1'
3 13
3 14
3 15
3 IK

d.
3 00
< 09
3 0*
3 00
3 09
3 n
i 12
3 13
3 14
3 X'
3 16
3 17

d.
L
d.
3 09 3 <»9 3 10
3 0 • 3 09 3 10
3 09 3 0 • 3 10
3 09 3 10 3 10
3 10 3 10 3 11
3 a 3 11 3 12
3 12 3 12 3 12
3 13 3 14 3 14
3 14 3 15 3 L
8 l ' 3 16 3 16
3 16 3 17 3 1*
3 17 3 IS 3 19

d.
d.
i.
3 09 3 09 3 10
3 09 3 09 3 !<•
3 09 3 op 3 10
3 09 3 09 3 11
3 10 :j 10
11
3 1 1 3 n 3 13
3 12 3 12 3 14
< 13 3 14 3 1 '
3 14 3 15 3 16
3 1.5 3 IS 3 17
3 16 3 L r ■i IS
3 17 3 IS 3 19

0
3
3
3
3
3
3
3
3
3
3
3

d.
11
11
11
12
12
14
15
17
IS
19
20

d
11
11
11
12
12
13
14
16
17
18
3 19
3 20

3
3
3
3
3
3
3
3
3
3

3
3
3
3
3
3
3
3
3
3
3
3

1.
11
11
11
11
12
13
14
15
16
17
19
19

B R E A D S T U F F S .
F riday . December 24 1897.
A fairly 1arge business has been transacted in the market
for wheat flour, and prices have ruled in favor of the seller.
The feiture of the trading was a sale made early in the week
of 3 '.0 0 bbls of winter straight at $1 35. for export to the
Spanish-American markets, and to be delivered at the rate of
5 ,'Oi) bbls. per week. The general expirt demand has been
moderately active at firm prices, and there has been fair buy­
ing by the home trade for this season of the year. Rye flour
has been quiet and without changes. Buckwheat flour has
had only a limited s lie but values have held steady. Corn
meal has been quiet but steady.
There has be-n only a limited amount of activity to the
speculative dealings in the market for wheat futures, and
the conrse of prices lias been somewhat irregular. Early in
the week there was a fairly sharp upward turn to values on a
demand from shorts both here and at the West to cover con­
tracts, and foreign advices were of a slightly encouraging
nature. Subsequently, bowever, there developed an easier
tone. Advices from the European markets were disappoint­
ing in the face of the upward tendency to values locally,
and the export business was limited, and as the specula­
tive buying was light, prices declined. Thursday the market
acain turned firmer, particularly for the near by deliv­
eries, on renewed buying, largely by foreign shorts to cover
contracts, and prices for the day showed an advance of Jg@
I!<c. To-day there was a quiet market, but prices advanced
in response to stronger foreign advices and in sym­
pathy with the Western market. The spot market was qtiiet,

D ecember

THE CHRONICLE.

35, 1897,j

n o sales fo r e x p o rt b e in g rep orted . N o. 1 h ard M an itob a w as
q u o te d n o m in a lly at §1.04?g f. o, b . afloat.
DAILY CLOSING PRICES OP SO. 2 RED WINTER WHEAT.
Sat.

Morn.

Tues.

TFe4.

Thurs.

Fri

101 %
101%
December Jobbery...... ,c*
c. 99% 1 0 1 % 1^01*2
99%
99%
9 9 7s
98%
97%
99%
98%
January delivery......... e. 97%
91
93%
95%
93%
94%
95^8
May delivery____
8
7
%
3
7
%
8
8
%
89%
S8!%
July deliver/-.......
87%
O nly in different sp ecu la tiv e in terest has b een s h ow n in the
lo c a l 'm acket fo r In d ia n co rn fu tu res, an d th e ch a n ges in
pri ies h ave been g overn ed la rg e ly b y th e cou rse o f th e m a r­
ket f o r w heat. E a rly in th e w eek there w a s an ad va nce in
response t o stron ger a d vices fr o m th e W e s t and b u y in g b y
sb orts to c o v e r con tra cts, stim u la tedjby th e ad va n ce in w h ea t;
then cam e a rea ction in sym p ath y w ith th e declin e in w heat
valu es, bu t T h u rsd a y a slig h tly steadier ton e d ev elop ed on
a d vice s fro m the W e s t re p o rtin g fa ir b n y in g fo r in vestm ent
a cco u n t. T o -d a y the m arket w as firm er b u t quiet. Business
in th e sp ot m a rk et w as fa irly a ctiv e , th e sales fo r ex p ort
b e in g 290 000 bu sh els N o. % m ixed at
f. o. b . fr o m
store an d 3 5 k i@ 36‘1i c. f. o. b . afloat.
DAILY CLOSING PRICES OP NO. 3 MIXED CORN.
SaL

iln n .

Tues.

Wed.

Th\ir».

F ri.

X>©oemtMM* delivery.____0. 32
33
EC■%,
32 %
33
34%
34%
34%
34%
34%
May delivery.................. c. 34%
O ats fo r fu tu re d e liv e ry a t th is m a rk et h ave been qu iet,
b u t the u n derton e has b een fa irly firm , an d p rices have
g ra d u a lly a d va n ced in respon se to stro n g e r a d vices fr o m the
W e s t, w h ere th ere has been fa ir b u y in g fo r in vestm ent
a cco u n t, stim u la ted b y a g o o d cash business, both w ith th e
h o m e trad e a n d f o r e x p ort. T o -d a y th e m a rk et w as firm er
w ith th e W est, prices a d va n cin g •jc. T h e sp ot m a rket w as
m o d e ra te ly active. T h e e x p o rt sales w ere 00,0 0 bushels,
in clu d in g No. 2 m ix e d clip p e d at 80c. f. o. b. afloat. N o, 2
m ix e d c lo se d at 2 8 '^ c. iu elev a tor an d N o . 3 w h ite at 80c. in
e le v a to r.
DAILY CLOSISO PRICES OP NO. 2 MIXED OATS.
Bat.

M on.

Wed.

Tut*.

27%
27%
27*9
27%
February delivery ....C . 27%
27%
27%
___e. 27:1m
M Skf delivery.................c,
R y e an d b a rle y have had on ly a lim ite d
in p rices h ave been u n im p ortan t.

Thurs.

F r i.

27
28%
28
28%
27%
28
28
27%
28%
sale and changes

The following are closing quotations:
PLOITR.
,$2 75 m go j Patent, Winter...... f l 85 * 5 10
5 50
. 3 10 fi'3 15 1City ill'll*, extras
, 3 GO ft 3 7 0 j Rye flour, superfine 2 60 ®3 25
Extra, N
. 3 40 ®4 10 1Buckwheat flour... 1 35 -a 140
, 4 15 # 4 40 i Corn meal—
Clear*.
Western, eto........ 180 ®1 85
4 4( f S>5 OO
1 90
Aleut, Sprint,....... 5 00 a 5 80 1 Brandywine . ...
(Wheal dour in sack* sells at price* below those for barrels.]
ORALS.
Corn, per bush—
o.
0.
Wheat—
o.
Western mired...........31%®36%
Hard nuluth.N o.l. 104 9 1 0 5 %
No. 2 mixed
___.,.3 3 *36%
Red Winter, No. 2 . 1 0 0 % * 102 ••
Western Yellow.— ...3 3 *35 a,
Hard Man., N o .l. 103 * 104%
Western White______ 33 *3 5 %
Northern, no I . . . 1 0 2 % ® 1 0 4 %
Oats—Mix*d,per bah. 27 9 2 9 % R y e Western. per hash__ 49 % *53
W hite____.
_____ 28 % v 34
State and Jersey. . . . . . 50 *53
N o. 2 m ixed.
. . 2 8 V ® 29%
Barley—W estern..........42 ® 53
No. 2 white............. 30 ® 31
Feeding ....................... 35 ®36
Far oth e r cable* ttonallr alven h ere *ee base 1207.
F nie..............

TH E

DRY

GOODS

TRADE

N e w Y o r k , F r i d a y , P . M ., D ec. 24, 1897.
T h e m a rk et closes wLth som e im p rov em en t in p rice notieea b le in the ton e fo r c o tto n g oods. This con sists in the u n ex ­
p ected a d va n ce in certain lending bleach ed g o o d s w h ich w ere
red u ced last w eek . T h e a d va n ce is on ly sligh t, and does n ot
n ea rly r e co v e r the la te declin e, b n t the fa ct th a t agents have
fe lt ju stifie d in m ak in g an y a d va n ce at all is rega rded as a
reassurin g featu re f o r eith er th e sales have been extensive or
th e u pw a rd m ovem en t is m erely a resu lt o f the ou t in wages,
and o f a p ro b a b ility o f an active op p osition th ereto b y the
operatives, w h ich su g gests p ossib le cu rta ilm en t o f produ ction
b y N ew E n glan d m ills. T h is c o n tin g e n cy as t o p rod u ction
has had to m e in flu ence w ith certain la rge bu yers. C otton,
to o , baa been firm er, w h ich is a fea tu re in fa v o r o f a h igh er
m a r k e t price.
W ith the ex cep tion s n oted above, h ow ev er,
sellers are still easy to deal w ith . T h ere has been n o m aterial
ch a n g e in the w o o le n g ood s d iv ision : business has increased,
b a t n ot to a m aterial exten t, and p rices rem a in firm . B u si­
n ess rep orts fr o m ou tside m arkets are g o o d an d collection s
s a tis fa cto ry .

W oolen G oods.—There has been some improvement in
the volume of business doing in light weight wooleDs and
worsteds this week, but the supplementary demand still
lacks spirit and is made up almost entirely of orders for smalt
quantities Still with contracts yet unfilled it is sufficient to
keep most mills well employed and prices quite firm in the
general run of both staple and fancy goods. More business
lias been passing also in new heavy.weigbts, bnt there is still
an absence of definite prices on these. Heavy-weight over­
coatings are in moderate request at the advanced prices
noted last week. Cloakings continue quite slow, without
change in prices. There is a moderate demand for dress
goods and the market is generally firm. Blankets are firm
with more doing, and flannels firm but quiet.
D o m e s t ic C otton

G o . ids . — ‘T he exports o f cotto n g ood s
fro m this port f o r th e w eek en din g D ec. 30 w ere 1,803
packages, valuer', at 187.985, their destination b ein g to thJ
points sp ecified in the tables below :

N eav Y o re

to

1229
1897.

Deo. 20.

1896.

W eek.

S in ce J a n . 1.

Great Britain......................
Other European...................
China......................................

63
8
........

A ra b ia ..... . . . . . . .................
Africa ...................................
West Indies..........................
Mexico.................................
Central America...................
South America.....................
Other Countries.................

101
297
51
22
672
89

4,260
3,073
105,911
16,862
23,146
19,451
14,956
3,274
7,301
44,091
4,997

T o t a l.......................... .
China, via Vancouver*___

1,303

247,322
16,166

Total................................

1,303

263,488

W eek. S ince J a n . 1.

3,506
2,690
103,257
5,562
32,048
15,382
12,894
2,613
9,742
50,374
4,100

93

21

859
37
256
58
85
1,244
53
2,706

242,168
38,595

1 2,70 u

280,763

j

■ From N ew -England mill points direct.

T h e v a lu e o f th e N ew Y o r k exp orts f o r th e year t o da te
has been S9,763,125 in 1897 against #10,705,580 in 1896.
T h ere h a s b een a g o o d dem and fo r b lea ch ed co tto n s at th e
lo w p rices m a de last w eek, and som e stock s h ave been so
red u ced that agents have q u oted a sligh t ad va nce this w eek ,
L on sda le b ein g p a t u p
per cent, D w ig h t A n c h o r 2J^ per
cen t and F ru it o f the L o o m and M ason ville }gC. p er y a rd .
L o w gra des are qu iet and u nchan ged, B ro w n sn eetiugs an d
d rills h ave sold m ore fre e ly , som e g ood -sized tran saction s
b ein g rep orted .
P rices con tin u e irre g u la r and P ep p ere ll
fine brow n s h a ve been redu ced to 4 3gC, and In dia n H ea d
4-1 b ro w n s to .Vs'c. ^W ide sheetings h ave sold m ore fr e e ly ,
P ep p erell w id e i ed u ced a b ou t 5 per cent. C otton flannels
and blan kets in a ctiv e and easy. Coarse, colored c o tto n s h ave
been in m ore general dem and, d en im s steady in prices, oth er
descriptions still easy to b u y .
K iel-finished ca m b rics in
b u y ers’ fa v o r w ith m oderate sales. T h ere has been a g o o d
dem and fo r lig h t fa n cy ca licoes and a m od era te business in
m ore staple lines. P rices u n ch a n ged. G in gh am s are w ith ­
ou t alteration in either staples or dress styles. P r in t c lo th s
close firm at 2 4,0 for regu lars, b u t there h ave n o t been an y
sales th is w eek excep t in odds, w h ich are occa sion a lly slig h tly
dearer. T h e u nsettled la b o r situ ation is a stren gth en in g
in flu ence.
1897.
1896.
1895.
1894.
Stock o f P r in t Cloths—
Dee.. 18.
Dec. 19.
D ee. 21.
D ec. 22.
422.000
120,000
40.000
At Providence, 64 squares. 485.000
911.000
135.000
63.000
At Fail River, 64 squares. 849.000
At Fall River, odd sizes... 876.000
943.000
122.000
75.000
Total stock (plcr-es)__ 2,210,000 2,276,000

377,000

178,000

F oreign D ry G oods.—Foreign merchandise has ruled
qu iet at first hands in both seasonable and spring lines, and
the market this week has been devoid of any new feature of
importance.
I m p o r t a tio n * and. W a r e b o u n e W it h d r a w a l* o f D r y G o o d s

T h e im p ortation s and w arehou se w ith d ra w a ls o f d ry g o o d s
at th is p o r t fo r the w eek en din g D ec. 33, 1897, and s in c e
J a n u a ry I, 1897, aad fo r th e corresp on d in g period s o f last
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THE CHRONICLE.

1230
$ r/ «T E

AN» ClTY 0 EPAPTMENT.
TERM S

OF

S U B S C R IP T IO N .

The I nvestors’ Supplement will be furnished without
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mshed without extra charge to every subscriber o f the
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STANDING BUSINESS CARDS.

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(26 tim e s).. 43 00
Twelve Months (52 tim es). 58 0 0

A m e ricu s , G a.— Bond Litigation — In the C h r o n ic l e .No v em b er 20, 1897, w e stated th at Ju d g e L ittle jo h n had denied
a petition to en join the issu an ce o f th e $B5,0t)0 w a ter and
sew er bonds voted O ctob er 19, 1897. O n D ecem b er 19 the
petition ers filed a bill o f excep tion s and w ill take th e case to
t h e Suprem e Court.
B a ltim o r e , Mil. — Bi t Providing fo r the Public Sale o f
Stocks Reported Favorably.— T h e W a ys and M eans C om ­
m itte e o f the C ity C o u n cil has reported fa v o ra b ly a resolu ­
tio n p ro vid in g that h ereafter n o sale or sales o f city stock be
m a d e except by tb e C ity F in a n ce C om m ission ers, and then
o n ly at p u blic sale, after a d vertisin g in at least tw o o f the
d a ily papers o f th e c ity n o t less than th ree tim es a w eek fo r
t w o weeks previous to said sale.
Bn.vfielil C ou n ty, TVis .—Temporary Injunction .— The State
Suprem e C ourt has tem p ora rily en join ed th e C ounty B oard
from issuiug the bon ds authorized in aid o f the W a sh b u rn
Bayfield & Iron R iv e r R a ilw a y . T h e a m ou n t authorized b y
th e citizens was $210,000. o f w h ich $55,1 00 w as to be tu rned
o v e r to the Com pany w hen it com pleted 10 m iles o f road ou t
o f W ash bu rn and $15,( 00 when ten m iles o u t o f Iron R iv e r
w e re finished. Suit w as b ro u g h t som e tim e ago to restrain
th eir issuance, on the g ro u n d th a t th e con tra ct w as illegal,
th e Com pany being in solven t, an d th at the co u n ty exceeded
its lim it o f bonded indebtedness. T he pla in tiffs lost th eir
ca se in tbe C ircuit C ou rt and took an appeal, p en din g w h ich
th ey secured a tem pora ry in ju n ctio n restrain g th e officials
fr o m delivering the $ 00,0< 0 bon ds to the R a ilroa d C om pany,
w h ich has about com pleted the road 10 m iles ou t o f Iron
R iv e r . The in ju n ctio n is m ade retu rn ab le Janu ary 11.
B u r lin g t o n , I o w a .—Municipal Ownership o f Water-Works
Recommended.— A com m ittee appointed b y the citizrn s o f
B u rlin gton last year to in v e s tig a te a n d 'rep ort on the value
o f the w ater-w orks plant, w ith a v iew to m u n ic pal con trol,
has reported in fa v o r o f the c ity purch asing th e plant. T he
com m ittee estim ates that it w o u ld cost $256,*00.
Cass anil W h ite C ou n ties, I n d .—Bonds Va'id .— W e take
th e follo w in g from the In dia na polis ‘ -N ew s'’ o f D ecem ber 15,
1897: “ T he Suprem e C ourt’ s reversa l o f the decision o f the
L ow er C ourt in the case o f G eorg e P lo tn e r et al. vs. Cass
C ou n ty in volved the leg a lity o f a $155 000 bon d issue in this
an d W hite counties. In 1891 the C om m ission ers o f the tw o
cou n ties authorized the con stru ction o f a b ig d itcb , and $17,000
w orth o f bonds w ere sold b e io re P lotn er entered su it to en ­
jo in the collection o f h is assessment, u pon th e plea th at S ec­
tion 5 o f the act under w h ich the ditch w as con s tru cted was
u nconstitutional.
Ju d g e M cC on n ell o f th e Cass C ircu it
C ou rt fou n d fo r the defendant, b u t P lotn er secu red a n ew
tria l, and w on in the P u laski C ounty C ourt. Cass C ounty
appealed, and the Suprem e C ourt reversed the fin din g. This
p ractically determ ines the va lid ity o f bon ds issued in c o n ­
stru ctin g the Sheets, K en n ell and oth er b ig ditch es in this
section o f the co u n try .”
C in cin n a ti, O h io .— Proposed Changes in the Laws Govern­
ing Indebtedness - T h e Sinking F und T rustees o f C incinnati
have under consideration a b ill to be presented to the L egis1»lttirP TirflVlf)
1tl g
ir ffo
ni*
in ber
LCiy* a
« .1 vwents
i-n 4
. yx
providm
r n
a T
nVunm
o fP n
am aendm
to - IL
the
S
Ohioo Statutes
tending to sim p lify the w o rk Of th e Sink­
in g Fund Denartllififlt
nnrnnsa on f theca
Departm ent.
T he purpose
these arnendm eets in general w ill be to have all the various
forum o f city indebtedness m anaged as one d eb t, the
sinking fund and in terest o f all to be p rovided fo r by a
u n iform m ethod.
A v ery im p orta n t am endm ent is that
w hich makes the Southern R a ilw a y an asset o f th e city o f
.inctnnuti, all its earnings to g o in to the city treasu ry, and
the. bonds o f w hich are to be provided fo r by th e sam e m ethod
as all the o th -r bonds. A n oth er am endm ent provid es fo r a
limited tax rate o f 13 m ills for the m aintenance o f variou s
m unicipal departm ents, e x clu d in g the lev y fo r interest on
-.I
* uder the levy system n ow operative the lim it
IS 115 m ill- for m unicipal purposes, w h ich in cludes ov er 4 m ills
tor interest and sink in g fu n d ou certain bon ded indebted* S8, avm g leas than 12 m ills fo r the m aintenance o f the
various m unicipal departm ents.
(diw eln n d , O h i°.— B o n d Litigation.—In the Chronicle

[VOL. l x v .

granted a restrain in g ord er e n jo in in g th e C levela n d P u b lic
L ib ra ry B oard from issu in g th e $250,000 5$ lib ra ry bon d s
aw a rd ed to E. C. S tan w ood & C o., B oston, but refu sed b y
th a t firm , w h o cla im ed th a t th e y w ere illega l. T he P u b lic
L ib ra ry B oard, it is n o w stated, has determ in ed to ignore
the present su it and has another in stitu ted , frie n d ly in its
natu re, b y a citiz e n to test the v a lid ity o f the bonds, i f the
bonds are declared legal, th ey w ill be re ad vertised fo r sale.
F o w le r , I n d .— Bond Litigation .— In rep ly to ou r in qu iry
rela tive to the in ju n ctio n su it b ro u g h t b y Ja m es M R ich ie
against th e tow n o f F o w le r, w e are advised b y F ran k P agett,
T reasu rer, th at M r. R ich ie in stitu ted p roceed in g s to test the
v a lid ity o f th e w a ter bon ds on th e g rou n d th a t the w a 'e r
p la n t cost som e $10,000 to $15,000 m ore than it sh ou ld have
done.
H a m m on d , lu ll.— Warrant Isrue Enjoined — W e take the
fo llo w in g fr o m tb e L og a n sp ort “ R e p o rte r” o f D ecem b er 13,
1897: “ J u d g e L o w ry , in C ham bers o f th e C ircu it C ou rt here,
ov erru led a m otion to d issolve a tem pora ry restra in in g order
issued b y C ircu it J u d g e G ille tt to en join th e pa ym en t o f a
city- w arra n t fo r $9,338 as a first in stalm ent in a recen t park
purchase. T h e C ou rt also h eld th at th e c ity 's indebtedness
w as $6,672 in excess o f the con stitu tion a l lim it o f 2%."
I n d ia n a p o lis , I n d .—Park Bo rd Appeal Overruled.— On
D ecem b er 11, 1897, the Suprem e C ou rt o v erru led th e petition
fo r a reh ea rin g o f the case in w h ich th e C ou rt rece n tly h eld
th a t the la w crea tin g a P a rk B oa rd in th e c ity o f In dia n a polis
w a s u n con stitu tion a l. See C h r o n ic l e o f N o v e m b e r 13 and
N o v e m b e r 20 fo r h istory o f tb e case.
L a n ca s te r, P a . — Bond Litigation. — T h e eq u ity su it
b r o u g h t b y representatives o f th e Business M en ’ s L ea g u e to
restrain th e c ity o f L an caster fr o m issu in g $42 0C0 b on d s to
be used in rep a irin g the brok en W e s t E n d R e erv o ir w as
argued in C ou rt on D ecem b er 22, 1897. S u it w as b ro u g h t by
tb e L eagu e on tb e g ro u n d th at the pre>ent in debtedn ess o f
Lam aster w as $108,0; 0 in excess o f the 2% lim it, and it is
claim ed th at a c ity ca n n ot b o r r o w m ore than 2% o f its va lu a ­
tion w ith o u t first su b m ittin g th e q u estion to a v o te o f the
people.
M in n e a p o lis , M in n .—Schools Ma’j Close.—We h ave re­
ceived fro m W a lla c e G . N y e, C ity C om p troller, th e fo llo w ii g letter w ith referen ce to the recen t statem en t o f th e B oard
o f E d u ca tion , that, o w in g to th e refu s a l o f th e C ity C o u n cil
to issue bonds, th ey w o u ld be co m p e lle d to close th e p u b lic
sch ools M a r ch 1, 1818.
“ O f f ic e o f t h e C i t y C o m p t r o l l e r , i
“ M in n e a p o l is , M in n ,,
“ D ecem b er 17, 1897.
)

“ Editor Commercial and Financial Chronicle, New Pork City:
D ear Sir —In rep ly to y o u r r e c u t in q u iry rela tive to the

refu sa l o f the C ity C ou n cil o f th is city t o issue bon ds at the
requ est o f the B oa rd o f E d u ca tion , and the statem en t th at in
con seq u en ce o f su ch refu sa l th e p u b lic sch ools w ill be closed
M arch 1, 1898, I take plea su re in g iv in g y o u th e fo llo w in g
in fo rm a tio n :
“ T he tota l ta x levied f o r sch o o l pu rposes fo r c o lle c tio n in
1898 is $66” ,000
T h is is su pplem en ted b y su n d ry item s
a m ou n tin g to $ : 5 ,000, m a k in g the to ta l p rosp ectiv e reven u e
fo r sch ool pu rposes in 1898 $685,00 . H e re to fo re th e tota l
revenue fo r the year has been c o lle c te d d a rin g th e s c h o o l
year, w h ich closes J u n e 30, because th e ta x la w a tta ch ed a
p en alty o f 10% to a ll ta xes n ot pa id b e fo r e J u n e 1 o f ea ch year.
H ad this p rov ision rem ain ed u n ch a n g ed th e S ch o o l B oard
co u ld n o w co u n t u p on th e receip t o f su fficien t m o n e y to
m a in tain th e sch ools n ext sp rin g u n til th e u su a l c lo sin g
p eriod. L ast w in ter, h o w e v e r, th e L eg isla tu re so ch a n g e d
the la w as to p rov id e th at i f on e-h a lf the real p rop erty ta x is
pa id p rio r to Ju n e 1 the ow n er m a y h a ve u n til N o v e m b e r 1 to
pay th e oth er h alf w ith ou t in cu rrin g a penalty.
“ U n der th is la w th e Board estim ates th at b u t o n e-h a lf the
real p rop erty ta x w ill b e paid b e fo r e J u ly 1, 1893, an d th e
sch ool reven ue to m eet expenses to th at date w ill th erefore
be red u ced b y $230,001. T o m ake u p in part fo r this r e d u c ­
tion the B oard asked th e C ou n cil to sell $100,000 o f bon ds,
th e issue o f w h ich w as au th orized b y v o te o f th e p eop le at
the last election , under C hapter 204, G en era l L a w s o f 1893, as
am ended by- C hapter 188, G n era l L a w s o f 1895, w h ic h p r o ­
vides th at the peop le m a y b y v o te a u th orize th e C ity C ou n cil
to issue bon ds fo r the pu rpose o f ‘ p u rch a sin g real estate fo r
sch ool purposes an d co n s tru ctin g , erectin g , im p ro v in g , r e ­
pairing, fu rn ish in g , eq u ip p in g and m a in tain in g sch o o l houses
in the c ity o f M inneapolis.’
“ T h e C ou n cil, h ow ev er, has thus fa r refu sed the request,
h old in g th at the bon d s w ere v oted f o r the pu rpose o f c o n ­
stru ctin g and eq u ip p in g n ew s -hool houses, and th a t it w ou ld
be in v iola tion o f the w ill o f th e people to sell th em an d use
the p roceeds fo r cu rren t sch o o l expenses.
“ T he Board o f E d u ca tion fo r a n u m b er o f years p a st has
been ob lig e d to m ake tem p ora ry loans to m eet cu rren t e x ­
penses, m a k in g said loa n s pa ya ble on the 30th day o f J u n e
□ext fo llo w in g th eir issue. T h e a u th ority fo r m a k iu g su ch
loans is con ta in ed in the la w g o v e rn in g the B oa rd , and is
ns fo llo w s : ‘ T b e said B oard sh all n ever issue an y b on d or
p rom issory n ote, ex ce p t the sam e sh all be m ade to becom e
lue and shall be paid at a date n o t later than th e 1st day o f
J uly then n e x t en su in g, and then fo r n o grea ter sum than can
oe paid w hen du e ou t o f the reg u la r reven ues c f the B oard
for the sch ool year in w h ich suen b o n d or n ote is issu ed.’ T he
Board n o w con ten d s th a t u n d er th is p rov ision it has n o
au th ority to m ake a loa n against th a t p o rtio n o f th e real
' tober 23, 1891 , we stated that Judge Carlos M. Stone had p rop erty tax w h ich it estimates w ill n ot he p a id p rio r t o J u ly

D ecember 25, 1897.J

THE CHROJNICLK

1, 189?. T h e situ ation, th erefore, y o n w ill rea d ily see is rather
p ecu lia r. T h e B o a rd has a u th ority to close th e sch ools and
has an n oun ced an in te n tio n o f d o in g so M a rch 1 n ext. M y
ju d g m e n t is that such a ctio n is u nn ecessa ry, f o r I believe th e
B oa rd s estim ate o f th e d eficien cy in reven ue b y rea son o f
the ch a n g e in ta x paym ent plan is excessive. I feel certa in
that i f the C ou n cil persists in its refu sa l to sell th e bon ds, th e
B oa rd w ill fin d som e w ay to secu re th e n ecessary fu n d s to
keep th e sch ools open n ea rly i f n o t q u ite th e fu ll sch o o l rea r.
“ Y o u r s v e ry re s p e ctfu lly .
‘ •W a l l a c e G . N y r , C ity C o m p tro lle r.”
N ew Y o rk C ity .—City Ecpen$>s for 189S. — On D ecem b er
23,1897, the B >ard o f E stim ate and A p p o rtio n m e n t adopted the
bu d get fo r t-SK T h e figures as given b e lo w sh ow an increase
in th e estim ates fo r 1893 ov er those fo r 1S97 o f $1,957,346, b u t
an Increase o f $1,240,900 in th e general fu n d red u ces th e net
am ou n t to $716,416. W e g iv e b e lo w the b u d g e t as adopted
f o r th e years 1897 an d 1898.
The M ayo ralty......................
The Common Council. . . . ..................................
Finance Departm ent...........................................
Interest on city debt .........................................
Redemption o f city debt............... .
State t a x e s ... .;.........................
K ent*........................................
Ar:::'*ri*-i*—rent - ..............
J 1
Bureau of Public Adm inistrator. .................
Law D epartm ent..................................................
Public Works D epartm ent........... ...................
Departm ent o f Public Parks..................... ..
IH-p’t of street Imp't. 23d and 1 1th Wards.
Department of Charities...................................
Correction Departm ent................
Health D epartm ent......................................... .
Police Department ............................................
Bureau of Kieciions..............................
nasnlttg Department...........................
Firo Department ................................................
B onding D epartm en t,,...................
Department of Taxes and Assessm ents___
Board of Education..............................................
COlli ee of City of Jfew Y o r k ............................
The Normal • <>lifts*........ ....................................
Prtntini; and stationery....................................
Civil Service Board..............................................
Coroners, salaries and expenses..................
Commissioners of A c c o u n t-.............................
The Sheriff...............................................................
Register's Office........... ........................................
Armories, wages...... ...................................

1807.
$ 4 2 ,1 5 5
9 1 ,5 0 0
321 .4 0 0
5 ,6 5 4 ,2 5 8
4 ,1 7 2 ,dot)
5 ,4 5 1 ,1 1 0
171,352
2,750
2 5 0 ,0 0 0
16,900
197,550
3 ,5 1 9 ,5 5 5
1 ,3 3 3 ,1 2 5
7 7 9 ,7 o
1 ,299,942
4 7 1 ,5 0 0
591,358
6,0 8 3 ,9 3 9
3 2 3 ,5 0 0
2 ,9 0 9 ,0 0 2
2,4 3 5 ,0 2 6
340 ,7 8 5
170,720
5,931 ,‘.'39
175.000
130,000
23 5 ,0 0 0
30,000
57,7 0 0
80,000
134,982
129,250
98.8 8 5

Preservation o f records.....................................
Fund for street and park <
ig s ,.............
Libraries................................... .
............
Salaries—City eourta..........................................
Salaries—Judiciary............................
Asylums and charitable institutions...........
M iscellan eou s...........................................

4 0 ,6 1 0
756 .8 5 7
86,7 0 0
3 7 6 ,0 0 0
1 ,4 8 9 .2 6 0
1,527,031
521 ,8 9 2

__ ______ _____

T o ta l.................................................................. $ 1 9 ,4 8 6 ,2 9 7
Leas amount, supplied from revenues of the
General Fund
...............................................
3 ,8 0 0 ,0 0 0

1898.
$ 42,155
9 0 .0 0 0
36 0 ,9 3 8
6,126,801
3,3 5 2 ,1 3 9
5,704,871
186,020
2 .7 5 0
2 5 0 .0 0 0
17,390
212,550
3,7 4 5 ,7 0 0
1.4 4 0 ,0 2 5
1,010,275
1 ,364.608
4 8 8 .1 0 0
6 5 3 ,7 7 0
7 ,0 5 1 ,6 3 0
312 .0 0 0
2,9 9 9 ,0 0 2
2 ,6 0 8 ,7 5 3
340,78a
170,720
0,962,145
175.000
150.000

L iv in g s t o n C ou n ty , M o. — Bond Call.— C h illicoth e an d
R ic h H ill tow n sh ips 6,7 bon ds, dated F e b ru a ry 4, 1889, N os.
B icla sive, h ave been called fo r p a ym en t J a n u a ry 1,
1898, at w h ich date interest w ill cease. D en om in a tion s o f
b on d s is $1,000.
M a c o u p in County (P. 0. Carlinville), 111.—Bond Call.—
O ountv C lerk O eltjen has called fo r pa ym en t J u ly 1, 1898,
$65,000 tic cou rt-h ou se bon ds. Interest w ill cease on th e
ab ove date.
M e ch a n ie s b n rg (B o r o u g h ), P a .—B o n d Caff.— T h e b o r o u g h
has ca lled fo r pavm eut J a n u a ry 1, 1898, th e fo llo w in g b on d s:
No. 9 fo r $500, N o. 86 fo r $800 and N o, 86 fo r §1,859. In terest w ill cease on the a b ove date.
Bay County ( M o .) School District No. '2.—Bond Call.—
T he d istrict has called fo r pa ym en t Ja n u a ry 1, ISO?, $ f b o n d
No, 3 fo r §l!JU, issued b y the ab ove d istrict, T ow n sh ip s 52 and
58, R a n g e 28.
R a y County (M o .) School District No. I.— Bond Vail.—
T he d istrict has ca lled for paym en t J a n u a ry 1, 1*98, T o w n ­
ship 51, R a nge 28, 8 ; bon d N o. 11, b e a rin g date o f J u ly 1,
1890. B on d is in d en om in ation s o f $100.
T h e d is trict also ca lls fo r p a ym en t D ecem b er 81,1897,
T ow n sh ip 51, R a n g e 27, 6;:' bon d N o. 4, b ea rin g date o f M ay
2 1, l - ! « . D en om in a tion is $259, In terest w ill cease on th e
ab ove dates,
T r e n to n . M o.— Bond^Call.— T h e C ity T reasu rer, R . M .
C ook , has ca lled fo r p a ym en t at th e N a tion a l B ank o f C om ­
m erce, St. L o u is, on Ja n u a ry 1, 1898, th e fo llo w in g b on d s
issued in 1889: N cs. 8, 4, o, 6, 9, 10, 11, 12, 18, 14, 15, 16, 17,
18. 20, 21, 22, 28, 24, 25, 32, 33, 34, 89, 37, 38, 89, 40, 41, 42,
43. 41.18. 47, 48, 49 and 50. S ecu rities are in den om in ation s
o f §1,000 and th e am ou n t to b e red eem ed is $37,000. In terest
w ill cease on th e a b ov e date.

The official notice o f this bond call will be found elsewhere
among the advertisements in this Department.

220.000
30.000
57,700
60.000
130,982
1 ■9,250
103.995
7 5 ,0 0 0
4 6 ,6 2 0

734,568

16 3 .8 0 0
3 9 7 .5 0 0
1 ,5 6 0 ,6 1 0
1 ,578,517
337,019

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

Net bttditet to bo raised by taxation........... $45,680,297
$46,102,713
Q u e e n s C o u n ty , N.
—Proposed Litigation.— T h e B ro o k ­
ly n “ E agle” on D ece m b e r 18, 1897, stated th a t A a ron A . D e
G ra n w , a tax pa yer, w as preparin g to b rin g su it to test the
le g a lity o f th e recen t re a d con tra cts an d bon d issues.
s t u n i ) County, N. C .—Bonds Invalid.— T he Suprem e
C o u rt has d e cla re d illega l the $100,000 bon ds issued som e
years a go in aid o f the co n s tru ction o f the “ Y a d k in V a lley
R a ilw a y ,” In the o p in ion o f the C ou rt th e con stitu tion a l re­
quirements as to the passage o f the a ct a u th orizin g the issue
were n ot o b serv ed , th e C o u rt h o ld in g th a t any bonds issued
under a cts where the legislative jo u rn a ls do* n o t sh o w the
yeas and nays on three separate days are in va lid.
I tati .—Irrigation Contract Signed.—A special d ispatch
fro m Halt L ak e C ity to th e O m aha “ Bee" u nder date o f D e­
cem b e r 13, 1897, sa id : “ O ne o f the g rea test irrig a tion p ro ­
je c ts e v er entered upon has ju s t been la un ch ed h ere b y the
sig n in g o f a c o n tra ct w ith the State by th e L ake B on n eville
W a te r & P o w e r C om pan y. B y th is c o n tra ct 250,000 acres o f
la nd aro segrega ted fo r ir rig a tio n b y th e com p a n y , w h ich in
tu rn undertakes the co n s tru ctio n o f a plant th a t w ill cost
U pw ards o f #3,OOO.WX It w ill in clu d e th ree great reservoirs
an d 72o m iles o f laterals and canals. F o r seventeen m iles
th rou gh -Sevier ca n yon f he m ain canal w ill b e blasted. F o r
la b o r a Ion - $3.5o >,000 w ill be exp en d ed w ith in th e n ext tw o
years. W o rk w ill be b eg u n in F eb ru a ry on th e p r o je c t. The
lands to tie irriga ted are fe rtile ta ble lands in Sevier an d M id ­
la nd con ties, bu t to o h ig h f o r irriga tion b y any in exp ensive
m eth od ,”
Washlo g t o n .— Proposed Refunding State Debt.— T h e T a c o ­
m a “ N e w s ” on D ecem ber 15, 1-97, stated that a prop osition
had been re ce iv e d fro m C. H, W h ite As C o., N e w Y o r k , o ffer­
ing to refun d the State deb t o f $175,000 at a less rate o f
interest than 3
The bonded deb t orig in a lly a m oun ted to
$800,1)60, o f w h ich $25,000, it is stated, has oeen pa id off, and
bea rs <i\4% interest.
C la r k C ou n ty , H o . — B o n d Cali.— T h e co u n ty h»3 called
fo r p a r in n t J a n u a ry 1. 1898, on w h ich date in terest w ill
ecu s -, 5 ; fu n d in g bonds Nos. 15 to 75, in clusive. B onds are
in den om in ation s o f 81,000 and da ted A u g u s t 10,1888.
D o u r e r, C it ,— Wan ant Call.—T h e C ity T reasu rer, P a u l
J . Sours, has called for paym en t at his office D ecem b er 35,
1897, the fo llo w in g w arrants o f th e tow n o f B arn u m : N os.
165.'-'.111. 219, 351. 2,72. 273. 277, 263, 308, 378, 388, 318, 319,
330, 337, 310 and 512.
K e n tu c k y . - Warrant CdUi —I t is stated that the State w ill
ca ll fo r paym ent Janu ary 5, 1808, $190,000 in terest-bearin g

warrants.

1231

Bond Proposals and Negotiations this
week have been as follows:
A lb a n y , N. Y.— Bond Sate.— On D ecem ber 20, 1897, th e
$47,000 47 K n o x Street v ia d u ct b o n d s w ere sold at a u ctio n t o
the A lb a n y C ity Savings In stitu tion at 103'79, and $125,000 o f
the 4;» im provem en t bonds, m a tu rin g 1898 to 19 -2, in clu siv e,
to Isaac W . S h errill, P ou gh k eepsie, at 102'15, and th e r e ­
m ain in g $88,000 42 im p rovem en t bonds, m a tu rin g 1908 to
1907, in clusive, to the A lb a n y Savings Bank, a t 10 >'55. B id ­
ders w ere: T h e A lb a n y C ity Savings In stitu tion , A lb a n y S a v ings Bank, A lb a n y E xch a n ge Savings B ank, H om e Savings
Bank and E d w a rd J. G-alien, all o f A lb a n y ; Street, W y k es &
C o., N ew Yrork ; Isaac W . Sherrill, P ou gh keepsie; L on gstreet,
Steadm an & C o., B oston ; M ason, L ew is & C o., C h ica go, and
Joseph E. G avin , B uffalo. T h e K n o x Street v ia d u ct bonds
m ature $5,00n yea rly on D ecem b er 1 fro m 1898 to 1906, in c lu ­
sive, and the im p rov em en t bon ds m atu re $35,000 y ea rly on
N ov em b er 1 fr o m 1«»8 to 1903, and $17,600 yea rly on N o v e m ­
b e r 1, 1808, to 4907, in clusive. F o r fu rth er descrip tion o f
bon ds see Chronicle D ecem ber 11, 1897, page 1135.
A lle g h e n y , P a .—B o n d s Proposed.— The F in an ce C om ­
m ittee at th e n ext m eetin g o f the C ou n cils w ill rep ort an
ord in a n ce p ro v id in g fo r the issuance o f $10,000
bon ds fo r
the im provem ent, o f the O ld F ran k lin R oa d. T he ord in a n ce
provides fo r an election to be h eld F ebru ary, 1898, Interest
w ill be payable at the office o f the C om p troller an d th e p rin ­
cipal w ill m ature five years from date o f issue. W e are ad­
vised b y Mr. Jam es B row n , C om p troller, th at th e bon d s w ill
not be placed on the m arket, as it is his in ten tion to take th em
f o r the sinkin g fu nd.
A ra p a h oe C ou n ty S c h o o l
D is t r ic t N o. 17, N o rth
D en v er, C ol .—Injunction Suit.—On D ecem ber 18, 1897, su it
w as filed in the" D istrict C ou rt to en join the issu an ce o f
§ 83,(00 4 } 0 20-year refu n d in g bon ds to E. H. R o llin s &
Sons at par." It is cla im ed th at the best interests o f the ta x ­
payers w ere n o t regarded in the sale, as a C levela n d firm
stood ready to p a y a p rem iu m o f $2,001) fo r the bonds. I t is
stated that the election to au th orize the issuance o f th e
bon ds has n ot y et been held.
A s p in w a ll, F a .—B o n d Offering. —P roposals w ill b e r e ­
ceived u n til D ecem ber 39, 1897, by this m u n icip a lity fo r
$35,000 '
bonds, to be issued fo r th e pu rch ase o f w a ter
w ork s an d ”e le ctric-lig h t plants. D en om in ation o f securities
w ill be §1,000 ; p rin cip a l and in terest w ill be payable a t th e
F id elity T itle & T ru st C om pan y, P ittsb u rg , and on e bon d
w ill m ature annually fr o m 1902 t o 1926, inclusive.
A th e n s C ou n ty ( F . 0 . A th e n s ), O h io.— Bond Offering.-■
■
P roposa ls w ill be receiv ed u n til 12 it. J a n u a ry 12, 1898, b y
the C ou n ty C om m issioners fo r $100,(100 5ft bonds. S ecu rities
are issued pursuant w ith Sections 4758 to 4773, in clu sive, of
the R evised Statutes o f O hio. T h ey are in den om in ation s of
$1,0( 0, dated M arch 1, 1898; interest w ill be payable sernb
annually at th e office o f the C ou n ty T reasurer. P rin cip a 1
m atures § to,000 yearly, begin ning Septem ber 1, 1899. A
certified c h e c k fo r 10# o f the am ount o f hid, payable to th e
C ou n ty A u d itor and d ra w n on a n ational h an k oth er than
one in which the bidder is in terested as ow n er o r stock h old er
m u st accom pa n y each proposal.
B a r r in g t o n , 111 —Bond Hale.—'T he c ity sold at a u ctio n
last month. $8,000 tt* bon ds to N . W . H arris & C o., C h ic a g o ,

1232

THE CHRONICLE.

IV o l . L X V .

ca tion fo r $23,001 6$ b on d s. S ecu rities w ill be in d en om in a ­
tion s o f $1,000, dated J a n u a ry 25, 1898; in terest w ill be p a y ­
ab le F eb ru a ry 1 and A u g u s t 1. P r in c ip r l m a tu res $1,000
yearly, b eg in n in g F e b ru a ry 1, 1899. Secu rities are issued
pu rsuant w ith the p rovision s o f th e C on solidated S ch ool L a w
o f N ew Y o r k State and w ere a u th orized b y a v o te o f the d is­
105*27
Farson. Leach & Co., New York..105*27 Street. W ylies & Co., New York.. .103*97 trict D ecem b er 15 fo r th e pu rp ose o f erectin g an a d d ition to
Blodget, Merritt <* Co.. Boston...104*o2 Dietz. Denison & Prior, C leve....l03>7 and im p ro v in g sch ool house.
A certified ch eck for $ ',0 0 0
R. L. Day Jc Co., Boston................104*05 . S. A . Kean, Chicago...................... 102*00
pa ya ble to th e B oa rd o f E d u ca tion m u st a ccom p a n y p ro­
B el m a r, N. 3 .—Bond News — T h e $10,000 5# je t ty bon d s
posals. C ost o f lith o g ra p h in g bon d s m u st be p a id b y s u c ­
' recen tly aw arded to S eason good & M a y er, C in cin n a ti, at
cessfu l bidder.
113-512, as stated in the C h r o n i c l e D ecem b er 11, 1897, w ill
C h ica g o , 111 .-B ond. Sale.— O n D ecem b er 22, 1897, the
be in den om in ation s o f $1,000. P r in c ip a l m atures $2,000
$100,000 3
r e fu n d in g g o ld bon d s w ere aw a rd ed to th e
yearly, b eg in n in g 1924.
M ercha nts' N a tion a l B ank at 103 66. F o llo w in g are th e b id s :
B e v e r ly , M ass .—Temporary Loan— T h e c ity has aw arded
National B’k, Chic. .103*66 I Illinois Trust & Savings Bank.. 101*03 "
a fo u r m on th s’ n o te o f $25,000 to B lod get, M e rritt & C o., Merchants’
Parson. Leach & Co., Chicago... 102*200 Mason. Lewis & Co., C hicago...100*9357
Boston, at 2'71# d iscou n t. F o llo w in g are th e bids re ceiv ed :
N. W . Harris & Co., Chicago
101*841 |S. A. Kean, no certified cheek. .100*75
a t 111-56. Interest w ill be p a ya b le sem i-a n n u a lly and the
p rin cip al m atures $2,00) y ea rly , b e g in n in g 1908.
B e lfa s t, M e.— B id s — F o llo w in g are the b id s re ce iv e d D e­
cem b er 16, 1897, fo r the $498,( 00 i% r e fu n d in g b on d s a w a rd ed ,
as stated last w eek, to F arson , L ea ch & C o., N e w Y o r k , at

Discount
Discount.
B onds m atu re J a n u a ry 1, 1918. F o r fu rth e r d es crip tion o f
Rogers, Newman & T olm an ,B os..2*745? Edgerly & Crocker, Boston. ..........2*9r%
Adams & Co., Boston....................2*82;? 1 R. L. Day & Co.. B oston...... ..........3*05$ b on d s see Chronicle, D ecem b er 4, 1897.
Curtis Motley, B oston............... 2*85;? Blake Bros. & Co., B oston .. ..........3’ h>%

C in c in n a ti, O h io .—Bond Election .— A p rop osition to issue
B o o n e C o u n ty ( P . O. B elvid ex-e), 111—Warrant I s s u e - $12,000 in aid o f a free b rid g e across th e W a bash R iv e r w ill
Ax a m eeting o f the B oa rd o f S u pervisors h eld D ecem b er 1, be p u t to a v o te o f th e citizen s o f C in cin n a ti on .Feb. 3, 1897.
1897. the C ou n ty C lerk w as d irected to d ra w fo u r w arra n ts
C olu m b u s, O h io .— Bonds Authorized.— On D ecem b er 20,
o f $3,000 each in fa v o r o f th e F irs t N a tion a l B ank, B elvi
dere
W arrants w ill bear interest at 5%, p a ya b le an n ually,
on M a rch 15, and w ill m atu re one y ea rly on M arch 15 from
1899 to 1902, in clu sive. W a rran ts w ill be issued as m on ey
m ay he needed fo r bu ild in g o f a n ew Sh eriff’s residence and ja il.
B o s to n , M ass.----- Bond Ofering — P rop osa ls w ill b e re­
ceived until 12 m . D ec. 29, 1897, b y A lfr e d T . T u rn er, T rea s­
u rer, fo r $2 851,000
b on d s as fo llo w s :

$760,000 loan for laying out and constructing highways, issued pursuant with
Chapter 310, Laws o f 1897. Principal matures January 1, 1928.
500.000 rapid transit loan, issued pursuant, with Section 37. Chapter ?48. Laws
o f 1894, for the construction of Charleston bridge and o f subway.
Principal matures January 1.1938.
^
^ „ 0rtrT
500.000 sewerage loan authorized by Section 0, Chapter 420, Acts o f 1897.
Principal matures January 1,1928.
450.000 public parks Io h u , issued pursuant with Chapter 453, Acts o f 1890.
Principal matures January 1.1928.
^
300.000 South Union Station loan, issued pursuant with Section 13, Chapier
510. Acts o f 1890. Principal matures January 1.1903.
160.000 additional supply o f water loan, authorized by Council April 26,1893.
Principal matures October 1,1928.
101.000 Nurses’ Home sit e, etc., authorized.by Council April 6,1897. Principal
matures January 1 .19i8.
100.000 new ferry landing loan, issued pursuant with Chapter 435, Acts or
1895. and authorized by Council July 10,1895, and June 7,1896. Prin­
cipal matures Jauuurv 1. 1918.

Secu rities w ill be registered b on d certificates o f $1,000 or
m u ltip le th ereof, dated Jan. 1, 1898. Interest w ill be pa ya ble
Ja nu a ry and J u ly (ex cep t on the $150,000 fo r additional su p ­
ply o f w ater, w h ich w ill be payable A p r il and O ctober) at
the office o f the C ity T reasu rer, o r b y ch eck th rou gh m ail.
T h e su ccessfu l bidder or bidders w ill be requ ired to d eposit
w ith in 24 hours after aw a rd is m ade a certified ch eck payable
to the Treasurer, or in cash, fo r 1% o f th e a m ou n t o f aw ard.
B o y e rto n , Pa.— Bond Election.— A p rop osition to issue
$30,000 w ater-w ork s bonds w ill be put to a v o te o f the p eop le
o f this borou gh on F e b ru a ry 15, 1898.
B r o o k ly n , N. Y.— Bonds Awarded.— On D ec. 21, 1897, the
$570 .000 3
consolida ted w ater s t o c k w as aw arded to
Spencer Trask & Co. at their bid o f 105-22.
Bond Issue Enj ined.— Su it w as en tered D ec. 21, 1897, b y
R o b e rt T . M itchell, a taxpayer, to restrain th e city officials
fro m issuing th e $570,000 bon ds aw arded to Spencer Trask &
Co. T h e grou n d fo r th e su it are based on w h a t is k n ow n as
the T ilden A c t, u nder w h ich a ta xpa yer m a y sue to preven t a
w aste o f p u b lic funds. M r. M itchell also contends that the
c ity ’s deb t is $5,0- 0,( 00 in excess o f the 10$ lim it and th at no
sinking tund was created fo r th e redem ption o f the bonds.
B ry a n , O h io.— Bond Sale.— O n D ecem b er 11, 1897, th e
$2,821 8 i 5:1 cou p on fn n d in g bon d s a u th orized b y th e C ou n cil
o f this villa ge on O ctober 18, 1897, w ere a w a rd ed to Seasong o o d & M ayer, C incin nati, at a prem iu m . O ther b idders
w ere the F a rm in g ton N ation al Bank o f B rya n and the F irst
N ation al B ank o f Bryan. T h e loa n m atures one b on d fo r
$500 annually on M arch 1 fro m 1899 to 1903, in clu s iv e ,.and
one bon d fo r $821 33 on M arch 1, 1904. F o r fu rth e r in fo r ­
m a tion see Chronicle o f O ctob er 3 0 , 1897,
B u ffa lo , N. Y .— Bond Offering.— P roposals w ill b e receiv ed
u n til 12 m . D ecem b er 29, iS97, b y Erastus C. K n ig h t, C om p ­
troller, fo r $55,000 8 )4% registered p a rk bonds. Securities
are issued pu rsuant w ith C h apter 786, L a w s o f 1896, and
au th orized b y resolu tion o f th e C om m on C ou n cil ad opted
N ovem b er 24, 1897. T h ey w ill b e dated D ecem b er 1, 1897,
w ith interest payable Ju n e 1 and D ecem b er 1 at the office o f
th e C itv C om ptroller or at th e G a lla tin N a tion a l Bank, N e w
Y o r k C ity, as the pu rch aser m ay elect. P rin cip a l m atures
1 20 annually. A certified ch eck fo r 2% o f th e am oun t b id
fo r , payable to the “ C om p troller o f the c ity o f B u ffa lo,” m ust
accom p a n y proposals. B on ded debt o f c ity D ecem ber-1,1897,
less sink in g fu nds, w as $15,198,( 63 07.
B u r lin g t o n , Y t.— Temporary Loan.— T h e C ity T reasu rer
has n egotiated a tw o m ou th s loan o f $20,000 w ith a lo c a l
bank.
O a stle to n and M id d le t o n S c h o o l D is t r i c t N o. 1, C astleto n C o rn e rs, N. Y — Bond Sate— On D ecem b er 22, 1897, the
$80,000 6,1 g old co u p o n bonds w ere sold to W a lte r Stanton &
C o., N e w Y o rk , at 112-50. O ther bidders w ere:
Bcrd-on * Slorrs............................108-75 |R Kleybolte & Co.
W.J.ll»yi)8& Sons....................... lub-25 |Mason. Lewis & Co

.107-75
.103-60

Bonds m ature $5,000 yearly on D ecem ber 23 fr o m 1898 to
1913. F or fu rth er pa rticu la rs see C h r o n ic l e D ecem b er 18.
1897. p. 1189.
C a stle to n U n io n F r e e S c h o o l D is t r ic t N o. 3, N ew
B r ig h t o n ( S. I .), N. Y — Bond Offering — P rop osa ls w ill be
re ce iv e d u n til 8 p. m . January 5, 1898, b y the B oard o f Edu-

1897, the C ity C ou n cil passed an ord in a n ce p ro v id in g fo r th e
issuance o f $ ‘ 6,000 4$ 5-year b on d s fo r the pa ym en t o f th e
cla im s o f the E n glish h eirs fo r la nd pu rch ased fo r sew er fa r m
purposes.
D a y to n (O h io ) S c h o o l D is t r i c t .—Bond Offering.— P r o ­
posals w ill be receiv ed u n til 12 m . J a n u a ry 15, 1898, b y W m .
G . H aeussler, C lerk o f th e B oa rd o f E d u ca tion f o r $37,000 4$
bonds.
S ecu rities are in den om in ation s o f $ l,0 "0 , dated
J a n u a ry 15, 1898; in terest w ill he p a ya b le sem i-a n n u a lly in
N e w Y o r k City. P rin cip a l m a tu res Ja n u a ry 15, 19L0. A
certified ch eck on a n ational b a n k fo r 5% o f th e a m ou n t b id ,
pa ya b le to th e C lerk, m u st a ccom p a n y proposals.
D e n v e r, C o l.— Paving District Bonds— T a e C ity C ou n cil
has passed an ord in a n ce crea tin g th e B roa d w a y P a v in g D is­
tr ic t N o . 1, and a u th orizin g the gra d in g, c u rb in g , p a vin g
and im p ro v in g certain streets in th e d istrict. T he ord in a n ce
p rovid es fo r th e issu an ce o f bon d s an d w arra u ts to bear 6$
in terest fo r th e p a ym en t o f the w o rk . M r. W m . H. T a y lor,
S ecretary B oa rd o f P u b lic W o rk s, w rites us in an sw er to
ou r in q u iry as fo llo w s : “ B on ds w ill be issued to c o v e r th e
co s t o f the prop osed im p rov em en ts in B roa d w a y P a v in g D is­
tr ic t N o. 1 o f th is city , bu t * * * the bon ds w ill be issued
d ir e c tly to th e c o n tra cto r fo r th e w o rk , in p a ym en t o f esti­
m ate on the w o rk done, and th e c o n tra cto r w ill h ave the
fu rth e r disposal o f the bon d s in h is h a n d s.”
Bond Offering.— P rop osa ls w ill be receiv ed u n til 11 A . m .
D ecem b er 28, 1897, b y the B oa rd o f P u b lic W o r k s fo r the
fo llo w in g b on d s:
$7,000 Capitol Hill Grading and Curbing District No. 1. bearing date July 1,1897
3,200 Broadway Paving District No. 2, bearing date o f July 1, 1897.
4,000 Fifteenth Street Paving Dis'rict No. 1, bearing date o f Jo ly i, 1897.
1,100 Union Additional Grading District, bearing date o f January 1.18^7

A b o v e secu rities are offered fo r sale p u rsu rn t w ith S ection
43, A rticle 7, o f the C h arter o f D en ver, a ’id a u th orized by
resolu tion passed D ecem b er 16, 1897. B on ds bear 6$ interest,
pa ya ble sem i-an n ua lly. T h ey are in d en om in ation o f $100,
$500 and $1,0 0, and are all pa ya b le on or b e fo re eig h t years
fr o m date o f issue. A certified or cash ier’ s ch eck fo r lo g o f
th e am ou n t o f b id on som e a p p roved n ation a l bank o f D en ­
v er, an<l pa ya ble to the C ity T reasu rer, m u st a ccom p a n y bids.
D o u g la s C o u n ty , N e b .— Bonds Legally Issued — T h e qu es­
tion has been raised b y F arson , L ea ch & C o., C h ica g o, that
th e $18 >,(00 bonds recen tly aw a rd ed to th em had n ot receiv ed
th e necessary n u m b er o f votes at th e election au th orizin g
the issue. C ou n ty A tto r n e y B a ld rig e has prepared an
op in ion on the su b je ct, h old in g th at a ll th e leg a l req u ire­
m ents w ith referen ce to th e ele ctio n and th e issuance o f the
bon d s h a d been co m p lie d w ith . H e con ten d s th a t the is su ­
an ce o f these bon d s does n o t crea te a n ew d eb t, b u t sim p ly
fu n d s an ex istin g d eb t at a lo w e r ra te o f in terest, in w h ich
case a m a jo r ity v ote on ly is req u ired to a u th orize.
E a st W in d s o r , C on n .—Note Sale— T h e to w n has n egotia ted
tw o 4 i notes o f $10,< 00 each , one dated J a n u a ry 1, 1898, and
th e oth er J u ly 1, 1898. P rin cip a l m atures 10 years fr o m
th eir date and th e in terest w ill be payable a t H a rtfo rd .
E lm ir a , N. Y .—Bond Sale.— F o llo w in g are th e b id s r e ­
ceived D ecem b er 20, 1897, fo r th e $12,000 F ire D epartm en t
bon ds:
For a 314% bond.
Isaac W . Sherrill, P o ’keepsie.. ..101*87
W . J. Hayes & Sons. Cleveland.. 101*52
N. W . Harris & Co., New York. .101*07 ’
Longstreet.Steadman &Co.,Bos.l01*031
Benwell & Everitt, New York.. .101*03
Rudolph Kleybolte & Co.. N. Y. 101*03
Farson, Leach & Co.. N. Y ......... 101*
C. H. W hite & Co., New Y o rk .. .100*92
Dan’l A. Moran & Co., N. Y ...... 100 786
The Lamprecht Bros. Co., N. Y 100*775
Edw. C. Jones Co., New Y ork... 100*77
Mason, Lewis & C o.,C hicago.... 100*71
Bertron
Storrs. New York__ 100*05
Jos. E. Gavin, Buffalo................. 100*275
Seymour Bros. & Co., N. Y ...... 100*07
W alter Stanton & Co.. N. Y ...... 100*04

For a 3-}.(% bond.
Second Nat. Bank, Elmira...... 100*
For a 4£ nond.
G. M. Hahn, New York ..........106*41
Longs ire et. Steadman & Co.,,
B o s t o n ......... ............................ 105*912
Rudolph Kleybolte & Co., N. Y.105*91
Whann & Selilesinger, N. Y___105*03
Seymour Bros. & Co., N. Y .......104*41
L. W . Morrison, New Y o r k __ 104*1144
( 4 V<£.108*77
Seymour Bros.&Co.,N.Y. <5g... 113*55
(0$. ..122*51

B on ds m ature in 1910. F o r fu rth er d es crip tion o f Jbonds
see Chronicle last w eek , p. 1189.
E l P a s o C o u n ty S c h o o l D is t r ic t N o. 11, C o lo ra d o
S p rin g s , C o l .—Bond Election .— T h e B oa rd o f E d u ca tion has
ca lled an election fo r D ecem ber 28, 1897, to vote on th e q u e s ­
tion o f issuing $35,000 bonds fo r the pu rpose o f erectin g and
fu rn ish in g seh ool b u ild in g
E x c e ls io r S p rin g s , M o.— Bond Issue.— L o c a l press reports
state th at the c ity w ill issue $20,000 o% 20-year fu n d in g bon ds.

THE CHRONICLE.

D ecember 85, 1897.]

G a y lo rd , M ic h .— A'o New Bonds.—In re p ly to ou r in qu iry
re la tive to a re p o rt in som e o f th e papers th a t th e v illa g e
w o u ld sh ortly v o te on th e qu estion o f issu in g bon ds f o r w a te r­
w o rk s extension and p a vin g , M r. W . S. F illm o r e says that
these im p rov em en ts w ill b e p a id fo r ou t o f the fu n d s in th e
treasury w ith o u t issu in g bon ds.
G ra v e s e n d ( B r o o k ly n ), N. T .—Bond Offering.— P rop osa ls
w ill be re ce iv e d u n til 12 M. J a n u a ry 4, 1898, b y W illia m V . B.
B en n ett, Su pervisor o f th e late to w n o f G ra vesend, 929 K in g s
H ig h w a y , B rook ly n , fo r §300,000 4<s registered lo c a l im p rov e
m en t bon ds. Secu rities are issu ed u n der th e p rovision s o f
C hapter 171 L a w s o f 1893 an d pu rsu a n t to a m andate o f the
State Su prem e C ou rt. T h ey w ill b e dated J a n u a ry 10, 1898,
and m a tu re J u ly 1, 1938. In terest w ill be pa ya ble January
1 and J u ly 1.
H a lln w e ll (C it y ). M e —Bond Offering.—P rop osa ls w ill be
re ce iv e d u n til 12 m . D ecem ber 27, 1897, b y C h arles K . T ild en ,
T reasurer, fo r $50,000 47 g o ld c o u p o n bonds. S ecu rities are
in den om in ation s o f $500, da ted J a n u a ry 1. 1898; in terest w ill
b e pa ya ble sem i-an n ually. P rin cip a l m atures tw e n ty years
fr o m "date, s u b je ct to call a fter ten years.
H a m ilt o n , O h io.— Bond Offering.—P rop osa ls w ill b e r e ­
ce ive d u n til 12 it. D ecem b er 27, 1897, b y the B oa rd o f C om ­
m issioners o f Sew ers, fo r n o t ex ceed in g $28.80671 4}4t bonds.
Interest w ill be pa ya ble an n u a lly at th e office o f th e C ity Treas­
u rer. P rin cip a l m atures 1-10 yea rly fr o m 1899 to 1908, in ­
clusive. Bids w ill also be receiv ed at the sam e tim e and
pla ce f o r $8,510 4 ; M ain Street in tersection bon ds. Interest
w ill be p a ya b le an n u a lly at the office o f th e C ity T reasurer,
and th e bon ds w ill m a tu re $500 y e a rly from 1899 to 1914, and
$510 in 1915. A certified ch eck on a N ation al B a n k f o r 5£ o f
the am ou n t b id fo r m ust a cco m p a n y proposals.
lla r r im a n . T e n n .— Bond Offering—P rop osa ls w ill b e r e ­
ce iv e d u n til 12 M. Ja n u a ry 10, 1898, b y D . W . T h om as, C ity
C lerk, fo r $5,500 07 10-30-year g o ld ele ctric-lig h t p la n t bonds.
One bon d w ill b e in d en om in ation o f $100 and five o f $l,0i 0
each and bear date A u g u s t 1, 1893. Interest w ill be payable
sem i-an n u a lly at the L in co ln N a tion a l Bank. N e w Y ork. A
certified ch e ck fo r 5$ o f the a m ou n t o f th e b id m u st a c c o m ­
p a n y proposals.
H a r t fo r d 1C on n . I N o rth w e s t S c n o o l D is t r ic t.— Temporary
Loan.— The d is trict has n egotia ted an $850 n ote, p a ya b le on
dem an d, w ith the S ecu rity C om p an y o f H a r tfo r d . N ote
bears 4s interest and w as it sued to take u p t w o notes o f the
G ra vel H ill D istrict, w h ic h w a s con solid a ted w ith the N o rth ­
w est D istrict.
H ig g in s v lllo ( C ity ), Mo —Bond Sale.—T h e c ity has sold at
p riv a te sale to N . W . H arris &■ C o., C h ica g o, $9,010 5jf bonds.
Secu rities are issued fo r the b u ild in g o f c ity h all and ja il and
axe dated Ja n u a ry 3, 1898. Interest w ill b e pa ya ble Ja nu a ry
and J u ly at th e office o f the C ity T reasu rer. D enom ination
w ill b** $500. P rin cip a l m atures tw en ty years fr o m date o f
issue, s u b je c t to call a fte r five yeara. P op u la tion o f the city
is a to u t $1,000 and th e assessed v a lu a tion o f 1896 $574,317.
F o llo w in g w ere bidders for the b on d s : In dustrial D evelop m en t
C o., St. L o u is: G a y lo rd , Blessing & C o.. St. L o u is ; T h e N oelY o u n g B ond & S to ck C o., St. L o u is; W m , C. L ittle & B ro.
In vestm en t C o.. St. L o u is ; F arson , L ea ch & C o., C h ica go;
M ason, L -w ia & C o ., C h ica g o; T r o w b rid g e & C o., C h ica go;
R n d o lp h K le y b o lte & C o., C in cin n a ti; K on ta B ro k e ra g e C o.,
St. L ords; Seasongood & M ayer, C incinnati, and N , W .
H arris <£ C o , C h ica go.
H o ly o k e . M ass.— Band* Authorized.—A t a m eetin g o f the
B oa rd o f A ld erm en h eld D ec. 31, 1897, a loa n o f $16,000 to
m a k e n p deficien cies w as au th orized. T h e loan w ill he In the
fo r m o f 4S lb-year bonds.
I r o n t o n , O h io .— Bunds Defeated.—A t th e election h eld
D ece m b e r IS, 1897, the qu estion o f issu in g $20,000 ele ctriclig h t plant bonds w as defea ted.
J e rs e y ■ ity , N. J .— Bond Sale.—On D ec. 22. 1897, the
$8< 6,i 0<i 4 ; ta x arrearage g o ld bon d s w ere aw a rded to E. H .
R o llin s & Sons at 100-037. A jo in t bid o f 100-593 w as re­
ceived fro m B lair & C o., N . Y ., and E stabrook & C o., Boston.
P rin cip a l m atures J a n u a ry 1 ,1 903
F o r fu rth er description
o f bonds see Chronicle last w eek , p. 1190.
J o h n s to w n , N, Y .—Bond Sale — O n D ecem ber 22, 1897, the
$9,618 9 i 5 - p a v in g bon d s w ere aw a rd ed to the H om e Savings
B ank, A lb a n y , at U 2-70. F o llo w in g are the b id s :
Bnmo ftavlnsr* Bank, Albany . .102*70 I Etlir. C. Jones Co., New Y ork ....101*50
A, Kean Chicago ....
.. 102*00 Albany Sayings Bank .... .........loroo
VT. J. Hayes A Sons. Cleveland. 102*5001 Longstreet, Steadman A Co.,Bos. 100*873

P rincipal an d interest w ill b e p a y a b le a t th e J oh n stow n
B ank. T he sixteen bon ds o f $-100 each w ill m a tu re fo u r yearly
on D ecem b er 9 and the fo u r bonds o f $404 73 each w ill
m a tu re one yea rly on D ecem b er 19.
T h e a m ou n t o f th e
ab o ve bon ds m a v be red u ced b y the p a ym en ts o f assessm ents. F or fu rth e r p a rticu la rs see Chronicle, D ecem b er
18, 1897, p. 119 '.
K e n d r ic k , Id a h o .— Bunds Proposed — T h e B oa rd o f T ru s­
tees is considering the a d visa b ility o f issu in g $11,000 bon ds
f o r w ater w ork s. These bonds w ere v o te d tw o years a g o , b u t
w e r - n it sold, o w in g to the b id s b ein g u n sa tisfa ctory .
L a G ra n g e, M o .—Bond Sale.— On D ec. 15, 189;, th e $8,0f0
5> ele ctric lig h t bonds w ere aw a rded to the W illia m C. L ittle
Sc Bro. In vestm en t C o ., St. L ou is, at 101-30. F o llo w in g are
th e b id s:
Wro. c . Little * Bro. Inv. Co.

at. t a n ...........................ioi-so

Sayioftl. Blomlac * Co., St.
Louis
............ ......... ..10t*25

l 3 dm'I B. Jeffries, Jefferson City. 101 *00
I Farson. Leach & Co., Chicago.. ,100*688
13. A. EMin. Chicago,................ ...100*126
i v. W . Harris A Co., Chicago......lOCroo

B onds m ature D ecem ber 1, 1917.

F o r fu rth er descrip tion

of bon ds see Chronicle D ecem b er 11, 1897, p. 1188

1238

L e x in g t o n , M ass.— Bond Sale.— T h e c ity recen tly sold
$10,000 4% 1-10 year seria l g o ld bon d s fo r th e ex ten sion o f.
w ater m ain s to E sta b rook & C o., B oston , at 103-095.
L o c k p o r t (C it y ), N. Y .— Bond Offering. —P roposa ls w ill be
receiv ed u n til 12 if. Ja nu a ry 4, 1898, b y J. O, H a rrin g ton ,
T reasu rer, fo r $10,000 4% w a ter bon ds. Securities are in de­
n om in ation s o f $1,000 dated Ja n u a ry 1, 1898; in terest w ill be
payable J a n u a ry an d Ju ly. P rin cip a l m atures $1,000 y ea rly .
L o n d o n , O h io.— B o n d Sale.—On D ecem b er 17,1897, the f o l ­
lo w in g b id s w ere receiv ed fo r a $1,000 6# e le ctric-lig h t b o n d :
Premium, I
Premium
People's National Bank, Barnes|C. M, Tiiurnauer, Cincinnati... .. .$25 00
v ille ............................................. .$30 00 |Ed. C, Jones Co. C in cin n a ti........17 10
Madison National Bank, London. 27 00 { Tiie Lampreeht Bros. Co., Cleve. 7 50

B on d m atures Ja nu a ry 1, 1900. F o r fu rth e r descrip tion o f
b o n d see Chronicle N o v e m b e r 27, 1897, p. 1039.
L o n g Is la n d C ity , N. Y .— Bond, Sale.— On D ecem b er 18,.
1897, th e fo llo w in g b id s w ere receiv ed fo r th e $34,000 4Jg$20vear b on d s for the pa ym en t o f dam ages to p ro p e rty reserved
fo r p u b lic p a rk p u rposes:
Herman E. Kleber................. . .108*75 I Queens County Bank, L ong IslEd. ( Jones Co.. New York........106*845 I and City.......... ............................102*00
M. O. It. Weyant. New York. — 106*50 . Purnell. Hagaman & Co.. N. Y 101*25
Farson, Leach & Co., New York.iOtf'OO |Manufacturers’ Tr. Co., B’klyn..101*00

Bond Sale.— F o llo w in g are the bids receiv ed D ecem ber 31,
1897, for the $450,000
reven ue bon ds o f 1897:
Edward Richard & Co...........— 101 *50 |Stuart & Paddock, New York.. .100*02Beriron & Stoi t s , New Yonk
100*31 Isaac W, Sherrill, PoughkeepI sie.................................. ............. 100*25

The B ro o k ly n “ E a g le” states th at th e bon d s w ere aw arded.
D ec. 23 to E d w . A . R ich a rd s & Co.
L o u is v ille , K y .— Bond Offering,— T h e C om m ission ers o f
the S in k in g F u n d w ill receiv e proposals u n til 12 it. D e cem b e r
28, 1897, fo r th e purchase o f $70,000 5# L o u is v ille bon ds.
These bon d s h ave been h eld in th e sin k in g fu n d an d m a tu re
A u g u s t 1, 1911,
L u d lo w , K y.— Bond Sale. —On D ecem b er 15, 1897, th e city
sold to C incin na ti investors $1,100
street-im provem ent-:
bonds at 103-50.
M ald en , M ass.— Bond Sale.—P roposa ls w ere receiv ed th is
w eek fo r $22,0 0 47 cou p on bon ds, com p risin g $1(«,000 2-year
w ater bonds, $ ,500 1-year street-drain age bon ds, $5,000
!•5-year p a vin g bon ds, $5,500 1-6-year street-extension bon ds.
F o llo w in g are th e bidsFor the Whole Issue.
Bl<-duet, Merritt A Co.. Boston.. 101*32 |E. H . Rollins & Sons, B oston.. ..101*115
Malden Savintra Bank............ ...101*106 Estabrook & Co., B oston .............100*017
Blake Bros. & Co., B oston........ .101*17 |R. L, Day & Co., B oston.............100*837.
§5,000,
$5,500..
$10,000.
$1,600.
Bunds.
Bonds,
Bonds,
Bonds.
Parkinson & Burr, Boston.................101*017
300*814
101*6111
l-oi*6i 3
100*28
Adams A Co.. Boston.......................... 100*05
101*22
101*59
Jose, Parker A Co., Boston................ 100*915
100*30
101*16
101*58
Looftsi reet. Si eadman & Co., Boston.100*8(43
100*315
101*391.
101*133
101*383
G. A. Ft*maid A Co.. B oston..............100*883
100 207
101*307
C. B. Wilbar, Boston.......................... 100*755
100*315
101*125
10V32&.

B on ds w ere aw arded to B lod get, M erritt & Co. at 101-32.
M a rio n , Du\.—Bond Sale .— On D ecem b er 18, 1897, $10,000
l b ; fu n d in g bon ds w ere aw ai'ded to N . W . H arris & C o.,
C h icago, at 105-34. B onds m atu re 20 years fr o m th e ir date,,
s u b je ct to ca ll a fter 10 years.
M a r lo n C ou n ty, In d .— News.—In th e C hronicle D ecem b e r
11, 1897, w e stated th a t the $200,000 4% refu n d in g bonds w ere
aw a rd ed to M ason, L e w is & Co., C h ica go, at 106'66. W e
are n o w ad vised th at th ey w ere aw a rded to M ason, L e w is &
Co. an d the Illin ois T ru st & S avings B a nk, C h ica g o, jo i n t l y
at 106-66. W e are in fo rm e d b y M ason, L ew is & Co. th at
they h ave sold the m a jo r ity o f these bon d s on a ‘i%% basis.
M a r tin s F e r ry , O h io ,—Bcmd Sale.— T he P eop le’s Savings
B ank o f M artins F erry has been aw arded $410 an d $330 6^
m to 6 y ea r (serial) sew er bonds o f M artins F erry fo r $775
and a ccru ed interest. T w o oth er bids w ere receiv ed , one
from a p a rty in C in cin n a ti and th e oth er fr o m th e C om m er­
cia l Bank o f M artins F erry.
M a r y la n d .—Proposed Bond Issue.— A t th e co m in g session
o f the State L eg isla tu re, w h ich convenes J a n u a ry 5, 1898, a.
b ill w ill be in trod u ced p rov id in g fo r th e issu an ce o f bon d s
fo r the com p letion o f th e M aryland P en iten tiary.
M ia m i C ou n ty ( P . 0 . T r o y ), O h io. -B on d Offering.— P r o ­
posals w ill be receiv ed u n til 12 M, D ecem b er 31, 1897, b y theC ou n ty C om m issioners fo r the fo llo w in g 6# d itch bon d s
dated J a n u a ry 1, 1898, and issued pu rsuant w ith S ections
4479, 4481 and 4482, R ev ised Statutes o f Ohio.
$800 Houser Ditch No. 097. Principal matures one bond o f $200 each on July
1. 3MM. January 1.1899. July 1,1899, and one bond o f $100 each on Jan­
uary i. 1900, and July 1, 1900.
1,200 Houser Ditch No. 098, Principal matures one bond o f $300 each on Julyi, 1898. and January 1, 1899, one bond o f $200 each on July l, 1899,
January 1, 1900, and July l, 1900.
2,800 Du Buis Ditch No. 103. Principal matures two bonds o f $200 each on
.Tu'v i. J898, and January 1, 1899. July t, 1899, January 1, 1900, July 1,
ldi.O, and one bond o f *>00 <>n January 1,1901.
1,000 Ii. W. Allen Ditch No. 105. Principal matures one bond o f $200 each
July i and January 1, beginniug July 1, 1898.

P rin cip a l and in terest w ill be pa ya ble at the C ou n ty T reas­
urer’ s office. A cash deposit o f $lt.O m u st accom p a n y bids,
M o rg a n C ou n ty , A la .— Bond Nevis—R eg a rd in g a rep ort
that th e co u n ty had u n der con sideration the issuance o f
bonds for road im provem en ts, w e are advised b y M r. A . A .
Oden, C ou n ty T reasu rer, th at th ey w ill n ot issue any bonds
before th e early p a rt o f 1899.
M t. C a rm el, 111.— Neves.—R eg a rd in g th e item in last w eek ’s^
C h r o n ic l e etating that th e C ity C ou n cil h a d au th orized
loans for the pa ym en t o f cu rren t expenses, w e have received
the fo llo w in g rep ly to ou r in q u iry fr o m J, A , H eiserm an,
Chairm an C ity C o u n cil; “ This c ity has n ot or w ill n o t issue
a call fo r any loans in the near future."
M u sk egon , M ich .—Bond Sale.—T he city has sold to lo ca l
in vestors at par $11,000 5i street im p rov em en t bon d s.]

1234

THE CHRONICLE.

[V o l . LXV.

P e t e r s b u r g , N. Y.—News.—R e g a rd in g a rep ort in on e o f
th e papers th a t th e tow n h a d a u th orized th e B oa rd o f S u p er­
v isors to b o rro w $2,243 03, w e are in fo rm e d b y the tow n
T reasu rer th a t th is is in correct. T h e am oun t n am ed , he
says, w as th e a m ou n t o f th e to w n au dits fo r c u r re n t ex
penses.
P h ila d e lp h ia , P a .— Loan Bill Passed by Common Council.
— On D ecem b er 16, 1897, th e C om m on C ou n cil passed an
■where among the advertisements in this Department.
ord in a n ce a u th orizin g th e loa n o f $11,200,000, w h ich w as
N ew ton , M ass ,— lem porary Loan — T h e city has n eg otia ­ v o te d at th e ele ctio n h eld N o v e m b e r 2, 1897, fo r v a rio u s im ­
ted a six-m onths loan o f $70,000 in a n ticip a tion o f taxes at provem ents.
2-807 discou nt.
Temporary Loan.— On D ecem b er 21, 1897, th e C ity T rea s­
Bonds Authorized.—An issue o f $50,000 4$ 40 year W a sh ­ u rer b o rro w e d $1,075,000 fro m th e Sin k in g F u n d C om m is­
ington Street w iden in g bonds has been authorized.
sioners. T h is loa n w a s a u th orized b y ord in a n ce a p p rov ed
B on d Sale.— T he Sin king F u n d C om m issioners have taken J u ly 14, l v97, fo r general m u n icip a l pu rposes, and, as a u th ­
a ten-year note o f $30,000 b ea rin g 4% interest. T h e m on ey w ill orized , w ill b ea r n o t m ore th an 4%, red eem a b le w ith in fo u r
be use'd fo r rep airin g city h all and a lterin g th e o ld P ierce m on th s fr o m th e date o f issue.
sch ool b u ild in g in to a cou rt house.
P it t s b u r g , P a .— Bund News.— W e are in fo rm e d by7 H . I.
N e w to w n , N. Y .— Bonds Defeated .— A t the election held G o u rle y , C ity C om p troller, th a t th e c ity w ill a d vertise fo r
D ecem ber 22, 1897, the question o f issuin g $400,000 bonds f o r bids a b o u t Ja n u a ry 20, 1898, fo r th e $ i , 050,000 (m ore o r less)
road im provem ents w as defeated, it is stated, b y a v o te o f re fu n d in g w ater exten sion bonds. F o r d es crip tion o f issue
2,000 to 350.
see Chronicle N o v e m b e r 27, 1897.
N ew tow n U n io n F r e e S c h o o l D is t r ic t N o. 10, W ood sid e,
P it t s fie ld (C it y ), M ass .—Temporary Loan—T h e c ity has
N. Y .—Bond Sale.— On D ecem b er 21, 1897, the $19,500 57 n egotia ted the fo llo w in g loans w ith a B os ton firm :
school-house bonds w ere aw arded t o B ertron & Storrs at
§5,000 for water extension.
§5.000 fo r sewers.
105-20. F o llo w in g are the b ids:
§8,900 fo r school buildings.
Bert ron A Storr*. New York..... 105*20 I Stuart & Paddock. New York— 101*25
Longstreet, Steadman&Co..Bos.l04*737 |R. L. Day & Co . New York.......lOl^O
L oan s m a tu re J u n e 1, 1898, and bea r Sf. M r. E. H . K e n ­
Fane'll Loaeh’A Co.. New York. 103*25 i W. J. Hayes & Son?, Cleveland.100*978 n ed y, T reasu rer, ad vises us th a t th e y d o n o t co n tem p la te
Benwell A Everitt, N. Y...........102*536 I. W. Sherrill, Poughkeepsie....100*569
Bonds m ature $500 D ecem ber 28, 19u7, and $1,000 yearly fu n d in g th e floa tin g sch o o l d eb t u n til M a y. T h e floa tin g
thereafter. F o r fu rth e r description o f bon d s see C h ron icle deb t n o w a m oun ts to $62,900.
F o l k C ou n ty In d e p e n d e n t S c h o o l D is t r ic t N o. 13, F is h e r ,
last w eek, p. 1191.
N ile s (C it y ), O h io .—Bond AT
ews.— M r. J. L . M cD erm ott, M in n .—Bond O ffering — P rop osa ls w ill b e received b y H . B.
Clerk, in reply to ou r in qu iry, says that th e $4,000 57 bonds L a u g h lin , P residen t o f the B oa rd o f E d u ca tion , fo r $4JOO re­
for the con stru ctio n o f sidew alks on R eb b in s A ven u e, w ill fu n d in g bon ds. S ecu rities w ere a u th orized N ov em b er 17,
n ot be offered fo r sale, b u t issued d ire ct to the con tra ctors 1897, b y a vote o f 12 fo r an d none against. T h e y w ill b e in
P rin cip a l w ill m a tu re ten years
in paym ent fo r labor and m aterials. In terest w ill be p ayable den om in ation s o f $500.
Irom date o f issue or w ill be pa ya b le p a rt a n n u a lly, w h ich
January and July.
N o rtiiilcld ( M in n .) S c h o o l D is t r ic t .— Bond Election .— ever com m a n d s th e low est ra te o f in terest. T ota l deb t o f
On N ov. 22, 1897, the district applied to the State fo r a loan d istrict, in clu d in g ab ove issue, is $11,090. A ssessed v a lu a ­
o f $18,000, b ut o w in g to an error in th e advertisem ent c a ll­ tion , $128,3' 9.
P o r t s m o u t h (V a .) F ift h W a rd S c h o o l D is t r ic t .— Bond
in g the m eetin g to authorize the loan, th e proposition m ust
again b e voted upon. A n election w ill he h eld D ecem ber Sale.— On D ecem b er 14, 1897, $3,000 57 b on d s w ere sold at
1(5. S ecu rities are in den om in ation s o f $1,000, d a ted Ja n u ­
27, 1897, fo r this purpose.
N o r th M ilw a u k e e , IVis .—Bond Election.—It is stated th at ary 1, 1898, w ith interest pa ya ble J a n u a ry and J u ly . P r in ­
an election w ill be held n ext m on th to vote on th e question cip a l m atures J a n u a ry 1, 19V8.
o f issuing fro m $3,000 to $5,000 b on d s to p a y cu rrent e x ­
P o t t a w a t o m ie C ou n ty , O k la h o m a .— Bonds Registered .—
On D ecem b er 15, 1897, $i0.500 cou n ty b on d s w ere registered.
penses.
P u n x s u ta w n e y ( B o r o u g h ) , P a .— B ond Offering.— P r o ­
N o rw a lk , O h io .— Temporary Loan.— T he city has negotiated
a loan o f $3,000 fo r the purpose o f pa yin g indebtedness o f the posals w ill be receiv ed u n til 8 p . h . D ec. 30, 1897. b y T. M .
w ater supply fund. W e are a d v h ed b y th e C ity Clerk th at K u rtz, Burgess, fo r $14,010 4% r e fu n d in g bon ds. T w e n ty o f
the loan w ill he paid in th e spring.
the bon ds w ill be in d en om in ation s o f $500 an d fo r ty o f $109
O hio S tate U n iv e rs ity .— B o n d Bale.— On D ecem ber 17, each. T h ey w ill be dated J a n u a ry 1, 1898, an d m a tu re 30
1807, the $50 000 4Yff certificates o f indebtedness w ere years fr o m date o f issue, s u b je ct to ca ll a fter o years. In ­
aw arded to Seasongood & M ayer, C in cin n a ti, at 104'432. terest w ill be payable sem i-an n u a lly at th e F irst N a tion a l
F o llow in g are the b i d s :
B ank o f P u n xsu ta w n ey. S ecu rities are issu ed u n der a ct
Seasongood A Mayer, Cin.. ..104*432 I Wliann &Schlesinger, N. V*..... 104*00 passed A p r il 20, 1874. an d are free fr o m State tax.
Prior. Cleve... 104*176 Edward C. Jones Co., X. Y........ 103*80
(Jneens C ou n ty , N. Y. - Bond Sole.— O n D ecem b er 21, 1897,
N. 'V*. Harris A <o.. X. Y.
.. .101*174 I The New 1st Nat. Bk, Colum. .103 751
H. Kleybulte A Co.. Cincinnati.. 104*13 I Spttzer & Co.. Toledo.............103*45 $ 0,000 47 co u n ty b u ild in g b on d s. Series “ T w o .” w ere
The LiDMMbt Bros
'love 104*034 |Clinton Nat. Bank................. 102*788 aw a rded to F arson , L ea ch & C o., N ew Y o rk , at 101-555 an d
Certificates m ature $10,000 yea rly on D ecem ber 1 from
1899 to 1003 in clusive. F o r fu rth er d escription o f bonds see $55,000 47 c o u n ty road bon ds, Series “ M M ,” t o B ertron &
Storrs, N e w Y o rk , at 108-619. F o llo w in g are th e bids:
C hronicle D ecem ber 4, 1897 p. 1084.
Omaha, Ncl).— A'ews.— I t w as recen tly rep orted in one o f
;)/ JtZ■
I.'IOO.*
101*28
the papers that $200.Oi 0 4% 20 yea>- refu n d in g bonds w ere sold Bertron & Storrs. New Y ork ...............................................108 619
101*555
Farson, Leach & Co., New York................ .......................108*0751
D ecem ber 1 to H . L o b e ck & C o., C h ica go, at 110. In rep ly W bann & Schlesinger, New Y ork.......................................108*573
101*38
to our in qu iry relative to the above, w e are officially advised
B on ds are in den om in ation s o f $1,000, d a ted D e ce m b e r 27,
that neither the city o f Om aha n o r D ou gla s C ou nty has i s ­ 1897; interest w ill he pa ya ble J u n e 27 and D ecem b er 27 at th e
sued any such bonds.
office o f the C ou n ty T reasurer. P rin cip a l o f b u ild in g b on d s,
O regon , M o .— Bonds Voted . —A t the election held D ecem ber Series “ T w o ,” m atu re D ecem b er 27, 1902, and the roa d b on d s,
14,1807, the issuance o f $25,0(0 w a ter-w orks b on d s was au­ Series “ M M ,” D ecem b er 27, 1917.
thorized b y a v ote o f 201 t o 1.
R e n s s e la e r C ou n ty . N. Y .—Proposed Bond Issue.— In his
O r to n v ille , M in n .— Bond Election. —The secon d election rep ort recen tly su b m itted to th e B oard o f S u pervisors o f
to authorize the $15,000 57 w ater and ele ctric-lig h t bonds of R en sselaer C ou n ty , J oh n D on , C ou n ty T reasu rer, su ggests
this city w ill be held on J anu ary 4, 1808. These securities refu n d in g th e $33,000 w ar bon ds th a t m a tu re F eb ru a ry 1,
were awarded on O ctober 30, 1897, to the M erch ants’ N a ­ 1898.
tional Bank, St. P au l, at 107, b u t w ere refu sed because the
R o b e r t s C ou n ty , S. D .— Bids.— F o llo w in g are th e b id s re­
city had re v e r, it, w as cla im ed, lega lly adopted C hapter 204,
ce iv e d tor the $12 000 67 10-year r e fu n d in g b on d s, a w a rd ed ,
Law s o f 1893, under w h ich tire first election w as h eld.
as stated last w eek, t o K an e & C o., M inn eapolis, at 107-416.
O ttaw a, K an. - Bonds D efea ted —A t the election held D e­ Kane & Co.. M inneapolis............107*416
Lewis & Co., Chicago__ 105*81
cem ber 14, 1*97, the question o f issuing $28,500 sch ool bonds Bank o f Wilmot........................... 107*375 Mason.
N. W . Harris & Co., Chicago__ 102*525
Sissefcon State Bank..................... 107*291 Municipal Investment Co........... 101*041
was defeated. '
Farson, Leach & Co., Chicago. . .106*041
P a lm e r (T o w n ). Mass .—Bond Sale .— On D ecem ber 21,
S a cr a m e n to , C a l .—Bonds Voted.— It is stated th at the c ity
1897, the $4",( 00 4% bonds w ere aw arded to N . W . H arris
has voted fa v o r a b ly on th e issu an ce o f $75,000 47 bonds f o r
& C o., N ew Y ork, at 104-5625. F o llo w in g are the b ids :
W Harris A Co.. N. V......... 104-502 Geo. A. Kerimld A Co., Boston. 104-108 m a ca d a m izin g th e h ig h w a y betw een F o ls o m an d S a cram ento.
I o . I.""1 Mll'.rr
... . 101-1:;; III. Wilh.ir, II,.Moll........ .
'i.,,St. B e r n a r d , O h io .—Bond Sale.— F o llo w in g are th e b id s
” 7,* V , *"»ton.......... !"1 :!S? KnUtapok A Co., Boston.......... lol ls
/,'Ism.s A Co.. Boston.. ......... 101-2,4 Jose, Parker A Co.. Boston.
104-026 receiv ed on D ecem b er 16, 1897, f o r th e $1,953 80 6,7 street im ­
iti' ? n‘.
hlcngo....101*27 E. II. Hollins A Sons, Boston... 103*910 provem en t bon d s o f th is v illa g e :
•1" !m. t* Slorrllt 4 Co. Boston 101*232 E. U. Hay A Co.. Boston........... 104 'Hi)
C-emmn Nat. Bank. Cincinnati.... 109-13 |E. C. Jones Company, Now Y ork.107-76
ll< liVatrl' i
...... lOI’SO I W* J* Hayes A Sons, Boston..... 103*79 C.
M. Tlmrnauer, Cincinnati........ 107-88 I S. A. Kean, Chicago........................ 106-00
1K * n®1, 8,<‘n,,nian 4 Co- . . . . . . I Third Nat Bank, Boston......... 103*656
B onds w ere a w a rd ed to the G erm a n N a tion a l B ank. They
bonds m ature $2,000 yearly, b egin nin g Janu ary 1, lb99. are dated D ecem b er 15, 1897, and w ill m atu re 1 10 an n u a lly .
^ o r fn r t h e r description o f bonds aeo C h ron icle laB tw eek, F or fu rth er data rega rd in g the loan see C hronicle of N o v ­
em b er 20, 1897.
* P elh am , N. Y .-B o n d Sale.— On D ecem ber 22, 1897, th e
St. C h a rle s (111.) S c h o o l D is t r ic t N o. 5 .— Bond Offering.
*7 ,5 '0 bonds w ere aw arded to Street, W ykes & C o., N e w — P roposals w ill b e receiv ed u n til Ja n u a ry 1, 1898j b y the
Y o rk , at 102*65 fo r 5 per cents. P rin cip a l m atures on e b on d C om m ittee on B on ds, B oa rd o f E d u ca tion , fo r $15,000 57
o f fo< 0 yearly b egin nin g Janu ary 1, 1903. F o r fu rth er d e ­
bon d s issued f o r the pu rch ase o f a sch ool site an d the erection
scription o f issue see C h ron icle D ecem ber 11, 1897, p. 1138,
0 ® b u ild in g thereon. S ecu rities w ill lie in den om in ation s
P e o ria , 111. Bonds Proposed .—This city is con tem p la tin g o f $1,000, in terest pa ya ble an n ually.
P rin cip a l m atures
‘ k « r e f aD<hng o f $20,000 7,7 sch ool bonds, m a tu rin g Ju n e 1,
$1,COO yearly beg in n in g A p r il 1, 1899, and w ill be p a ya b le at
loyo, at
o r 4%.
the office o f th e T ow n s h ip T reasu rer, St, Charles. B on ds
Now B r ita in , C on n .— Bond O ffering— P roposals w ill be
receiv ed u n til Janu ary 18, 1898, b y R . J. V a n ce, M a yor, fo r
$20,000 47 street bon d s. These bonds are p a rt o f a $5 V 00
Issue, o f w h ich $30,000 have been sold. T h e y are d a ted
A u gu st 1, 1895, and m a tu re A u g u s t 1, 1925.
Jhe official noiice o f this bond offering will be fou n d else-

THE CHRONICLE

D ecember 25, 181*7, J

1235

are issued p u rsua nt w ith S e ctio n -18, C h apter 132, R e v is e d I T u la r e C ou n ty (C a l.) Itu w ea k S c h o o l D is t r i c t .—Bonds
Statutes o f Illin ois, and w ere a u th orized b y a v o te o f 283 to ivot Sold. — T h e d istrict has n o t y et sold the $1,500 bon ds v oted
154 at an e lection h e ld J u n e 1 3 , 1897. T h e y are d a ted A p r il : O ctob er 23, 1897. S ecu rities are iu d en om in ation o f $300,
1 , 1897 . B on ded indebtedness, in clu d in g th is issue, is $13,- dated J a n u a ry 1, 1898. P rin cip a l m a tu res $300 y ea rly , b e ­
000. T h e assessed valu ation is $306,756 and th e real valu ation g in n in g Ja n u a ry 1, 1904,
T u la r e C ou n ty (C a l. ) V e n ic e S c h o o l D is t r i c t .—Bond Is­
ab ou t 82,000,' 00. P o p u la tion ab ou t 3,500.
St. C lo u d (C ity ), M in n . —Bonds Authorized .— W e are ad­ sue.—E. A . M ay, C ou n ty T reasu rer, advises ns that the
vised b y J. M E osen b erg er, Treasurer, that th e C ou n cil has B oa rd o f S u pervisors has au th orized the issu an ce o f $800
passed resolu tion s a u th orizin g a $10,000 5:f loa n . N ote s w ill bonds, to m a tu re one b on d o f $101 y e a rly fr o m 1899 to 1906,
be dated Ja n u a ry 1, 898, an d m a tu re J u ly 1, 1898. M r. in clu sive. M r. M ay says th a t th e bonds w ill p ro b a b ly b e
E ose n b e rg e r sava"that he presum es th ey w ill be taken b y the sold w ith o u t ad vertisin g. Interest w ill be pa ya ble an n u a lly
F irst N a tion al Bank o f St. C lou d. T h e C ou n cil has al*o au ­ at th e office o f the C ou n ty T reasu rer.
T u r n e r s (N . Y .) S c h o o l D is t r i c t .— B on d Sale.— T h e d is­
th o rize d th e issu an ce o f *7,000 5% b on d s , dated J a n u a ry 1,
1898. and to m a tu re J a n u a ry 1, 1913. In terest w ill b e p a y ­ trict has sold §7,600 bon d s to th e M ech an ics’ Savings B a n k ,
a b le J a n u a ry and J u ly , and the bon d s w ill be s u b je c t to ca ll P ish k ill-on -H u d son , at p a r fo r 3jy$. S ecu rities m atu re $500
yea rly fr o m .190!. In terest w ill b e p a ya b le Ju n e 6 an d D e­
a fter 5 years.
S n o w H ill, N. C .—Bond Issue.— T h e to w n w ill sh o rtly cem b er 6 a t the M ech an ics’ Sa vin gs Bank.
V a n IV ert C ou n ty, O h io .—B id s .— F o llo w in g are the b id s
issue *5,000 6 ; bon ds in aid o f th e c o n s tru ctio n o f railroad.
P rin cip a l w ill m a tu re 30 years fr o m date o f issue. W e are receiv ed D ecem b er 11, 1897, f o r th e $2,000 5% d itch bon ds,
in fo rm e d th a t th e date o f sale has n ot yet been determ ined. aw a rded t o R od gers & Sons, C h agrin, as stated in la st w eek ’ s
S te v e n s P o in t , W is .— B on d S a le.— On N o v e m b e r 29, 1897, C h r o n i c l e , at 101-58.
& Sous, Chagrin
|W . J. Hayes & Sons, Cleveland.. 101*35
F a rson , L ea ch & C o., C h ica g o, w ere aw a rd ed §7,500 5J p a rk Jno. Rodgers
.......................................101*6875 S. A . Kean, C hicago........................100*75
Ed w. C. Jones Co., Cincinnati. .101*525 I
b o n d s at 103-02. A v e ra g e tim e o f m a tu rity is 4 'J years.
W e s tfie ld , C on n .— Loan .— T h e to w n has n eg otia ted a loa n
S t r a tfo r d , C o n n .—B o n d Sale.—T h e tow n recen tly sold
$20,000 4;? 20-year bonds to E. H. G a y & C o., B oston , and o f $23,100 w ith B oston in vestors. O f th is am ou n t $18,000
w ill be used fo r g ra d e crossin gs an d $5,000 fo r sew er c o n ­
Spitzer & C o ., T oled o, a t th e ir jo in t b id o f 103-193.
T a r r y t iw n, N. Y.—Bomi Hedemption.— T h e trustees oLthis stru ction .
W o r th C ou n ty ( P . 0*. G ra n t C ity ), M o .—Bond Sale.— O n
tow n have issued tw o d ra fts o f $3,000 to pay three s fw e r
lo a d s and one o f $209 to pay interest d u e on sew er bon ds.
i D ecem b er 13, 1897. th e $25,000 5^ cou rt-h ou se b on d s w ere
T a u n to n , M ass .— Bond Sale. — O n D ecem b er 20, 1897, aw a rded to the M ississippi V alley T ru s t C o., St. L ou is, at
$20,0 0 I ; w a te r bon d s w ere aw a rded to E. H. R o llin s & 104-20. F o llo w in g are th e bids:
Mississippi Valley Trust Co., St.
C. H. Imhoff, Lincoln, N eb.........101*72
Sons, B oston , at 109-777. F o llo w in g are th e b i d s :
L ou is........................................... 101*20 First Nat. Bank, Portage, W is. .101*608

E. It. R .lltns k v i i h , Boston.. .6109*777 i C. B- WIIbar, Boston................. 109-316 Fanners‘ k Merchants’ Savings
The Noel.-Young Bond & Stock
Bank, Minneapolis...... ........ 103*052
Co., St. Louis.............................. 101*60
Blodgei. Merritt iC o „ Boston. 100*71151Jo#e, Parker & Co., Bouton------109*142 |
T. J. Chew. St. Joseph — .......... 102*52 Montgomery, GMara & Graves,
Adam *1Jt Co.. Heston............ . JW A8*?' Diets.Denison A Prior, Glcv’ld, 1O0T1
Rudolph Kleybolte & Co., C in ... 102*50
Marysville...................................101*10
Btak- Rr*•*. A Co., Boston........ ld£r»3&5 (3*0. A . Feraald & Go., Boston. 109*06
X. W. Harris A €**.. New York. 1o9'«25 >Third National Bank................. 108*676 J. L. Farleign, St. Joseph...........102*211
liar*-"7 M*k * .<•••».*, New York Y *' 67 I I^jagstruet.Stertmnn AO).,Bos. 1' 8*378
B
on
ds
m
a
tu
re
D
ecem
b
er
1,
1917,
s u b je ct to ca ll a fter D e c ­
H. c. Day X Co , Boston........... l
i
H ora ces. H om erACo.. Bost'n. 10821
Parkin* on -A Barr. Boston^.-... 100.V53 I Rudolph, Kleybolte A Co., N. Y. 108*05$ j em b er 1, 1903. F o r fu rth er in fo rm a tio n rega rd in g bon ds,
Lewt t k Co.,
. 100*37 1
see C h r o n i c l e N ov em b er 20, 1897, p. 998.

B o n d s are dated J u ly 1,1897, and m a tu re J u ly 1,1923. In ­
X e n ia , O h i o .—Bonds Authorized .—A t a m eetin g o f the
terest w ill be p a ya b le J a n u a ry and J u ly .
D enom in ations C ity C ou n cil h eld recen tly an ord in a n ce waa passed a u th or­
w ill be $1,000,
izin g the issu in g o f bonds to th e a m ou n t o f $2,000 fo r th e
T ru e r, I o w a .—Bond * Proposed. —A u issue o f $14,501 r e ­ pu rch ase o f land fr o m H . E, S ch m id t, to b e u sed as a
fu n d in g bonds is u n der consideration.
1g ra v el pit.

INDEX

TO STATE *N P

CITY DEfANTWENT.

In the* fo llo w in g in d e x re fe re n ce !* m a d e b y the p a g e n u m b er to e v e r y H ein r e g a r d in g S ta t e ,c it y , t o w n o r o o u n ty fin a n ce s p u b lish e d in th e
naU crcem tain& l in Uvt c u r r e n t n u m b er. F u ll-fa ce t y p e s re fe r bo la te s t re p o rts o f t o t a l
d e b t,
• ! vfil'j itioiH , A c. In to - (■■ih " x i -.u. k o f O ctob er 2 2, 1897 (|» i-^ea7 OL to 7 9 6 t. au In d ex w as g iv e n to the item s a p p e a r in g fro m th e
b e g in n in g or J n y up to an i met b ita g Ooc«»!> ?r 10. Flic tw o in d exes to g e th e r th e re fo re c o v e r e v e r y th in g p u b lish e d in th e S t i p e a n d O r r r D ef a B.TM.RMT In th e p re s e n t v o lu m e .
Berkeley, C a l....,. . . . . . . .
Md . ........... 1 IB B
A berdeen.
t w l w o . Mi»s ..©It, 10-2 * Benin, n o .. ................

10^2 Chester, P a .................... 1032 i Dorchester Co., Md ......
942
line Chicago, III—
?$S9.
Dorranceton School Dls902. 10'jy. 1d82. i 136,
Abilene K,aa. . . . . . . . - - 1037 Betlioi. Ma.............. .am. I03*
! trict. P a ...... ..............
994
Bi3V'erlT,
Miiss........
700.
1X12
A iU m r
.1042. 113>
IiaS. 1189, 1232 I OouglftiCo.. Neb ...847,
Akron, Ohio.............. ...
SSs ' Bexar Co., T e x ..838,00-1, 10*2 j Chicago Junction,
912. 994, 1083, U37, 1232
5M2, 11316, 1189 j Dover, N. IX....................
Alabama..
...................... 10*7 , Big Horn Co. Sch. Dial.
942
Jho. IP, W yo ...
..
889 J Chicago Sanitary DUAtomed* Co. Fruit vale
Dublin, Ga..................
1189
BU Baptdi. M ich ...1038, li-nfl
trlct. III ..................... 1136 1 Dubuque, la ..................
"61
SHl* DUL, Cal........ M l,
UftS, 1188 B ic Stone Gap, Va. . . . . . 10*2 - <'hie* «pee. Mass...... lo*3, 1130 1 Dulmh. Minn..837,1038, 1137
904; Dunkirk. N, Y........ . ... 103*
Albany, S L Y — ,1 1 3 5 , l£3 i Binghamton, H. Y .......... lifts i Childress Co.. Tex ...........
Chippewa Co,, M ich.......
09* Dnnmore, Pa...............
AliegaenyC o , Pa— .. ..
093 Bloomfield Central Un.
8«9
Sell. I) 1st. No. 7, N. J . It"*? Cincinnati, n ...790, r-35,
Durango. C oi--..889,942, 1083
A llegheny,Pa ---------12&1
. .
S3). 943, 091,10*3.1110.
AJUteuben? rh ln l Ward
1 Durham Co., N, 0 .. . ... 1061
004
i 1S9. 12 fO, 1212 i Dwighr. Ill................ 942,
£*03 Bollinger Co . Mo .............
- 8<~bonl Dbtrtct, Pa .. .
994
Boone Co., Ill ................. 1232 CirclevlUe, Ohio............. H 80 Dyersburg, T en n ...........
Alien Co. itoiiool IH*791
t rtet No. 78, K a o ...
K>1 B a ltic C •„ T e x ............. 10^ Clallam Co. School Dis­
Alliance, O.
.. . ...790,
942 Bo3U>u,M ass ...790,880, 1212 ; trict No. W ash........ 1018 E ast Cleveland, O. .942,
Bo
n
ting
Ore*
n,
O...
889,
Clark
Co.,
K
r............
...
1136
1038.
1137
Amerletw, Ga. - .790, h- m,
1038, 1188 Clark Co.. Mo. . .
. .. 12it i East Hartford, Conn— 9 9 8
902, 1280 i
Ammimry, Masa. . . . . . . . 113D Boyertoa, Pa. . . . . . . . . . . . 1232 j Clark Oo., W ash............
889 I Bast. Hartford Second
Clayton Co*. Ga ................
8*f>1 North Sell, Dia., Conn.
791
Andover, M a « ..............
1130 B oyle Co., Ky......... 991.
loss, u s e Cleveland, O ...790,&36,
Andrew Co., d o ........... .
790 !
I Bast Rutherford. N. J ... 1137
012. i»9i, 1038, i l l0 , 1230 I East St. Louis, D1...... .
Annapolis, Md.. ...1037, 11"“ Bozeman, Mont,. . .. , 8 8 10*2
1183
790 i Clinton. Min tt .......... ..
r 89 Hast Windsor, Conn.,
A no Arbor. MScb ...856, 8*8 ; Bradcloek. P o ... . . . . .. . . .
836 \Cochise Co,. Arix. . . . . . . 1038
1189, 1232
Appleton, Wit
.. ... .1 0 3 ? Bradley Beach, N. J . . . . ,
Brazos Co., T ex ...... .904, 1isp Cofitivvllle, Kan*. ........ Ub9 Ban elfcire.W is..........
Arapahoe Co, SClL Dist,
994
Brenham. T e x ................ lt3*t <Cole Co. Mo...... ............. Il*i8 ! Eteorse School District
No. "3wCoL.......1W>. tsffl.
79L
S 4 0 . 1184 Brockton. M ass............ . 790 i College Hill. Ohio.........
No. 1. Mich................... 1018
Brookline,
Mass..............
856
Arapahoe Co- Sch. D l« .
College Point, N. V..836,
1 ledger ton. Wis ..............
994
No. 17. Col ..
1188, 1231 ; Brookixaven school Dis­
942, 108S Edtnboro.Pa...... ..........
889
889 ; CoUingswood, N. J.
..
942 Klleabeth. N. J...............
Ards ley. N. Y ................. 1188 I trict No. 1. N, Y -.
837
Arayie; N. Y.................... 1188 Brooklyn, N. V. .790. 9*2.
Colorado. 09*. 10*3,1136, 1180 j Elkins, W. Va................. 1083
994,1082,1135, 1136,
Colorado Go , T ex .. .. 10 S 7 I El k Point, S* D .991,1137, 1189
Arison* ........................ 11313 ■
1 IS*, 1232 Colorado Springs, Col.,
As bury Park, N. J .1037,
1 Kills Co.. K au.. .701, 942, 1137
1Q8 &, 1188 . Brown's Valley Irriga­
889,994, 1038 Elmira Height-1. N. Y ...
837
992 1 Colton. Cal...................... 1189 I Elmira, N. Y....791, 1189. 1232
Ashland. Win .......7 9 0 ,
903 I tion District. Cal.........
»A2 Columbus^ Kan ...........
642 ' Elmwood Place, o .. .839,
Ashley. P a ........
..
888 i Brule Co.. S. I )......... .
991, 1083.1137, 1189
Ashtabula. O.
993, 1138 j Bryan, O h io ............836, 1932 j Comanche Co., T ex........ 1188
Bryoo, HI... . .......9 4 2 ,
994 Columbus, O ...791,830,
Asotin Co. School Dis­
I El Paso Co. School DIs880,5142.904, lOJ*.
j trict No. 11, Col... .942, 1232
trict No, t \ W ash. . . . .
093 ' Buena Vista, Col. .7 9 0 , 1038
A.»ptnwail, Pa ............
10*8. 1137, 1189 1232 El Paso Co., T e x ............. 1 0 8 6
lS5.il i Buffalo. N. Y .. .790, 836,
10-18. 1082, 1130. 1232 |Connect lent..................... 10.37 I El Paso, T e x -...837, 8^9,
Athens Co., O hio.. . . . . . . 1231 !
1135, 1189
Athena. N. i .............PB3. 1037 Burlington. la. ............. 1230 . Cordate, G a...... 791. 942,
1137, 118;* 1 Braden* IU. .. ..
Athene. O h io .... .. 888. 1Q*t Burlington, V t... .. .994, 1232 .
994, 1038
866 i Englewood, N . J . . . . . —
Athol MiW4 . , ..............
113d Bntto, M oot....................
836 ; Corinth, Miss. ...............
103**
CoETeotlonvIlle, l a ...... ..
836 Enos bury, v t ...................
BSD
Atlanta, Ga .. .093, 11558, !• 8 * ,
Cortland.
N.
Y
,........
.
M
M
Erie.
Pa...................1033.
p
a
la
is
.
Me.
-.................
888
113?
Atlantic City, N..7.........
942 1
Conndl Bluffs, l a ... .942,
Aotrsm . Ino— . . . . . . . . . 1130 i V. /aiavents Co., M okeiBrle Co.. N. Y ................ 9 0 8
Aaga*t\ G » ........... .. .. 1188 i Itossfi Hill School Dls1037. 1137 ' Everett. Mass.................
943
9*2 Cowley Co,, Kan........836 11*9 I Everett, W ash................
948
Ayer. Mam ...... ... — .. 1032 ; trict. C a l ......................
CaMirall Co., I . a ........... 1 I S 9
Excelsior Springs, M o.. . 1232
Oumtuck Co.. N. C. .836.
790
Caldwell, Ohio.................
IH2, 1083
. . 993,
Baltimore, Mil1037,
836 J
IIZ», 1230 Calhoun. Co., T ex ...........
|?aifbury. Neb..
998
air-fax. Minn.
M
1038
837 I 1 airfar.
Banker, Me__ ____ . . . . . . 1187 I California.......................... 1082 D anville. Va.................
aytona. Fla...........
794 Fairmont, Minn, ....701,
Baruafor. Mich. . . . ......... 10#7 |Cambridge, Mass ...904,
889
103*. 10*3. 1136, 11*9 Dayton, Ohio .837, 9 9 1 , 1038 Fairmont, W . Y a .. . . . . . . 1189
Barrinaton. H I .. ... .... .. 1231
BMtfDp { > Eljrtn Bch.
Camden, N. J . . .836, 994. 1083 Dayton Scb. Disfc.. Ohio. 1332 Fall River, Mass.............
889
948 Decatur, On.................
l i 3 ?. Faribault School Dis­
Dlafe., T ex .. . ..........
1138 \Car ro 11, Iow a. ____ ...
trict, M in n ................ . 1039
838 Decatur, III...............
J180
Bath Co., Ky........ . . . . . . .
893 Carthage, M o.,, . . . . . . .
Bar tie Crook. Mich. .942,
903 Cartbag*1. O ' ..............
7110 Decatur, Ind. . . . . . . . KH3, 1186 Farmington, N. H ,. 1039,
Ba r Cl'. 7 . Mich . . . . . . . . . .
09m Cass & White Cos., Ind.. ItS’J Do ibara, M a is ,....... 701,
837
1 0 8 7 . 113?
Deering, Md.............. 942. 1083 Famam Boh* Dist., Neb* 1030
Bayfield Co.. Wis.........
1230 |Cas^ Co.. Belton Sehool
District, Mo
. . . . . . . 1183 DeKalb. Ill......................
837 Far Rockaway. N. Y..
Boatries, Neb.................. 1138
043
701, 837, 889,
Beaumont, T e x .. . .. .790, 1083 Cass Co., Mich...... . ...
994 Delaware..........791.889. 1135
1083
Delta Co.. Mich.............. 1,0*3 Fayette, Mo.
Bed ford, Ohio . . . . . 1038k 1188 Castleton A Middletown
880
Delta. Pa....................
11*9 Fitchburg, Mass..............
Bee <:o., Tax .,.-,,.1 (8 2 , U £8
Sch. Dist. No. 1, N. Y.,
904
1189, 1332 Defray, M ic h .............
8,83 Flint, M ich ............. 943,
Belfast, Me_______’ 138,
U«S. 1232 Caatleton Pnlon Free
Denver, Col...... 942. 994.
Flushing, N. Y.994, 1081. 1137
Sob. Disc, No. 3. N. Y. 1232
Belle Contain©, OWo-838.
{*93
1037. 1038, 113ft. 1331, 1232 Flushing Sch. Dist. No.
4, N X ...... ........ .......... 1189
Belleville ^cnooi Dis­
Centerville. la ................ 1084 Des Moines. Ia. .837,889, 1188
trict. N. J ......... .
790 Charleston, Mis*...... 836, 10«2 Dickson, Tenn................ H35 Blushing Sch. Dist. No*
943 District o f Columbia,..
iflhnar, N. 4 ....... ... 1138, 1233 Charleston, 8. C........ 0 9 ,
113ft
7, N. Y .................. 1039, 1137
Fort. Bragg, Cat............. 1083
B*lTider9. III.................. 1082 Charlottesville, V a ,.. ... 1082 Dominguez School D is­
trict,, Cal.......................
880 Fort Dodge, l a .... . . . . . . 1189
Hanson Co., N. D......... .
912 Chelsea. Mas?..994, 1682, 1130
Banson, N eb,. . . . . . . . . . . 1187 Cherokee Co., I a .. .1036 1136 Donaldionvllle, La..904, 108S Fort Scott, Kan ............ 1187

ton ,
:*lh.Tex.941,943,
Fostorla, Ohio ..............
Fowler, In d ,........... 1135,
Fox, 111...... .....................
Frankfort, Ky............
Franklin Co„ 111........ 791,
Franklin Co., Ohio 701.
943. 994,
Franklin Co. School Dis­
trict No. 51. K au...995,
I Franklin, N. J ........... .
Fremont, Ohio................
I Freeport, III. ...791,943,
Freeport, N. Y ...... ..791,
Fresno Co., Cal................

994
791
1230
837
1487
1083
1083
998
1189
095
837
1186

M o ...889, 995, 1189
alveston. T e x — 837,
Gallatin,
943. 992, 995,1135, 11*9

791
Gardiner. Me...................
Garrard Co.. Ky.........
1137
Gaylord, M ich................. 1233
Georgetown, Ky. ...889, 1137
Georgetown, O hio..........
791
Georgia..................
092
Goring Irrig. Dist,, N eb . 1139
Giliett. C o f ,...,.............
1137
Glastonburv, Conn. .791,
1137, 1189
Glenrflle, Ohio.837.889, 1083
Gloucester, Mass— 889, 1083
Goldsboro. N. C ...... .889,
005
3189
Gos h en, la d . *.............
Grafton, N D ........... 943,
995
Grafton. W . V a .............
701
043
Grand Forks, N. D .........
Grand Island, Neb.........
943
Grand J unofcio n , Col...... 1137
Grand Rapids, M ich.791,
8 i7. 889, 043, 1189
Gravesend, N. Y............. 1233
Green Bay. W is.............. 1139
Greenburgh Onion Free
Sch. Disc. No. 5, N. Y .. 1137
Greenville, T e x ............... 1088
Greemyood, 9.0,837.943, 1189
Grenada, Miss... . .1083, 1 111 1
Grove City, P a ................
995

addonfleld, N* J . . . . . . 1189
agerstown, M d..........
995
H alifax Oo., V a.............. 1X90
Hallo well, Me . . . . . . . . . . . 133 3
Hamilton. Ohio........835, 123 3
Hammond, In d .............. 1 380
Harriman, Ten n .. ..1137, 1233
Harris Co.. T e x .............. 1138
837
Harrison Co., Ky...... .
Harrison Co., Ohio . . . . . . 1088
Hartford, Conn .... 1083, 1190
H artford N o r t h w e s t
Sch. Dish. Conn...1137, 1233
Haverhill, Mass........ —
943
Ha vllel d, M inn.................
837
HarJehurst. M is s ....791,
995
Helena, M ont.................. 1083
Hempstead Sch. Dist.
No. 19. N. Y ..........1084, 1187
Hempstead Un. Fr. 8.D.
No. 14, N.Y 995.10 3 9 , 1083
Henderson. Ky .............
837
Higginsville, M o............. S1233
Hinckley, M inn...... ....
993
Hoboken, N. J . ...............
791
Hoboken Sch. Dis„ N. J.
943

H

THE CHRONICLE.

12 id

rVoL. LXV

INDEX T O S T A T E AND C IT Y D E P A R T M E N T .-C ontinued .
Holyoke. Mass. .343, 995,
1034,1190. 12 3
Homestead. Pa............ ..
791
Horton Kan.............
791
Houston. Tex.. .791, 8Q9,
Ms. 99j. 1(139,1081, 1190
Hubbard Co.. Minn. .8?9. 1039
Hudson. N. Y .................. 1190
Huntington. N. Y ..........
995
HuntsTllle.Ala.537.1039. 1137
Huntsville. Tenn...........
837
Huron M ich...................
993
Huron. S. D ..................... 1135
Hutchinson. K a n — 8217, 1039
Hyde Park, Ohio............
1137
1137
I llinois............................
ndependence, K a n ,,.. 1039
Indiana............................
89 j
Indianapolis. Ind . 911,
992, 1230
Incalls, Kan..................... 1084
Ingham Co., Mich...........
890
Iowa........................... 995. 1187
Ironton, Ohio...........995 1213
Ithaca, Mich.. ................ 1137
Co. Sch. Dis­
J ackson
trict No. 53, K an....

Jacksonville, Fla ...837,
995.
Jamaica Dn. fr e e Scu.
Dist. No 6 .N . Y .........
Jamestown, N. Y ...........
Jamestown. R. 1.............
Jefferson C ity ,M o...890,
913,
Jefferson Co., la ..............
Jefferson Co.. K y .........
Jefferson Co., M ont......
Jefferson Co , T ex ..........
Jersey City, N. J ...890,
995,119.i,
Jewett. T e x ....................
Johnson City. Tenn. ..
Johnstown, N. Y.... 1100,
Joplin. M o ......................
alamazoo Co., M ich ..
K ansas
City, Kan........

995
1137
995
10S4
9l3
1190
943
1137
995
995
1233
995
885
1213
118b

890
1190
Kansas City. Mo...... 941, 1037
Kansas City school Dis­
trict. Mo ....................
890
Kendall Co . T ex............ 1084
Kendrick. Idaho............. 1233
Kenton, Ohio.............837,
890
Kentucky.................. 791, 1231
Keru Co., Pal..791, 1039, 11217
Kerr Co., T e x ...........8y0,
995
King Co.. W ash.............. 1082

Kingston. Mass........ 701,
Kinmundy. Ill.................
Kittitas Co. Sch. Dist.
No. 48. Wash ..............
Kittitas Irrigation Dis­
trict. W ash...................
Knox Co. Sch. Dist. No.
00. Neb...........................
Co. M o... 1C39,
L aclede
a Grange. Mo. ...817,

890
995
1084
903
1190
1190

1039. 1 1 3 8 , 1233
Lake Co., Col.................
941
Lake Co . I n d ..,.............
995
Lamar Co., T e x ..............
943
Lamar. Mo................ 943. 1039
La Mour School Dis­
trict. N. D .............. 837.
943
Lancaster, Ohio.890,943,
995
Lancaster, Pa.........1190, 1230
Lawrence, K an............... 1187
L kwrence Co., s. D .......
943
Lebanon City. Pa .........
837
Lee Co. Inlet Swamp
Drainage District, 111.,
S90, 1039
Leicester, N Y................ 1138
Leominster, Mass.......... 1084
Le Roy, N. 7.1084, 1138, 1190
Lexington, Mass............. 1233
Lexington Sch. Dist. No.
5. Mo ............................ 1188
Lewi* Co. Sch. Dist. No.
34. W ash........................ lt'84
Lewisburg. W. V a...8 3 7 .1 0 3 9
Lewiston, M e.................
995
Liberty. Mo..................... 1190
Liberty, T e x ............. ...
791
Lincoln Co., M o.............. 1188
Lincoln Co.. Okla. .1138, 119>
Lincoln, Neb.............943. 10 9
Linn Co., la .....................
995
Little Ferry School Dis­
trict. N. J
..............
837
Little Rock, Ark ..........
837
Livingston Co., M o........ 1231
Lock Iand, Ohio...............
995
Lock port. N. Y ........1190, 1233
London. Ohio..........1039. 1233
Long Island City, N. Y..
791, 835, 941, 995, 1190, 1233
Lookout Mount’ ll, Tenn.
835
Los Angeles, Cal .. 837,
995. 10S4, 1190
Los Angeles Co., Cal ..
890
Louisiana .............791,
943
Louisville, K y..79i, 04 3, 1233
Loveland. C o l................
890
Lowell. Mass.......... 817,
943
Ludlow, Ky..............1100. 1233

Lynn. Mass......................
Lyon Co., la ............ 941.

995
1084

I T aeon, G a....................
837
lvAacoupin Co.. Ill........ 1231
Madisonville, K y...........
995
Malden. Mass...........
123<
Manchester. Conn.......... 1084
Mansfield, O .. 837, 890,
943,905, 1034
Maoleton School Dis­
trict. Minn...................
792
Marathon, X. Y .............. 9 9 8
Maroellne, Mo...........837, 995
Marietta. O .....................
792
Marion. Ind............
1233
Marion Co., i nd.99.- .1138, 1233
890
Marion Co.. Ohio.............
Marlborough. Mass........
995
Marshall. Mich................
792
Marshall. O hio................
792
Marshalltown. Iowa. ... 1138
Martin’s Ferry, O. 890,
1190, 1233
Maryland ---------1233
Mason Co., Mich...... 792.
1133, 1 1 9 1
Matawan, N. J ................ 9 4 9
Meadvllle, Pa.................. 1135
Mechanicsburg, Pa........ 1231
Medford, Mass......... 9«3,
995, 1138, 1190
Memphis. Tenn.............. 1187
Mercnantville, N. J ........
890
Meredith, N. H ................
890
Merrill W i s . . ................
890
Miami Co., O hio.............. 1233
Miami. Fla....................
944
Middlesex Co., Mass.
1039, 1084
Middlesex Co., N.J..fc90,
944, 1084
Middletown, Ohio..........
792
Milaca. Minn.............890, 1039
Milan, Mo .. .7 9 2 , *90,
044
Mlllbrook, 111...................
890
Milwaukee. Wis ....790,
890, 996, 1039, 11*5. 1138
Minneapolis, M inn ..792.
890, 1084, 1135, 1100, 1230
Minnesota. .. 838, 1039, 1138
Missoula School Dis­
trict, M ont...................
838
Missouri........................... 1135
996
Mondarain. I a ......... ......
Monett, Mo............. 1039, 113b
Monroe Co.. Ohio . ...
991
Monroeville, O h io...792,
838
Montana...........................
944
Monterey Co., Cal.......... 10o9

Montesano, W a sh .. .890,
1039, 1190
Montgomery. Ala...........1 1 *#4
Montgomery C o„ Mo ...
792
Montgomery Co., Sch.
Dist. No. 2. M o...... .
1183
Morgan Co., A la.............. 1233
Morganton, N. C ............. 1084
Moulton Irrigation Dis­
trict. N eb..............
792
Mount Carmel, 111.. 1138, 1233
Mt. Healthy, Ohio ..9*4, 1190
Mt. Kisco. N. Y ...........
1040
Mount Morris, N. Y.,
792,
838
Mt. Oliver, Pa ................
i*9‘
Mount Sterling. Ky.*38, 1010
Mount Vernon, l a ... 702 ,
1040, lia s
Mount Vernon, N. Y —
702
Mount Vernon, O. .890,
944
Muskegon Co.. Mich. ...
792
Muskegon. Mich__ 1040,
1138, 1213
ashville, Tenn .1081,
N ebraska.......................
Need bam. Mass .............
Neenah. W is........... ........
Neodesha, Kan........7 m2,
1040, 1084,
Neosho Sch. Dis.,M o...
Nevada City, Cal...... —
Nevada. M o.....................
Newark, N. J.............»91,
New Brighton. M inn__
New Britain, Conn .944,
1040,
New Brunswick. N. J
New Buffalo. M ich ..792,
Newington. C onu...l08l,
New Jersey......................
New Milford, Conn........
Newport, Ky.............990,
Newport. M e..........
944
Newport News, V a ..
Newport, O hio....... 1191
Newport, R. 1......... 1138
Newton, Mass..................
Newtown, N. Y__ 1138,
Newtown Union Free
School District No. 1,
N. Y...................... 7 9 2 ,
Newtown Union Free
School Distri -t No. 10,
N. F ........... 9 9 6 ,1 1 9 1 .
New Y o r k ......................
New York, N. Y . ...838,
888, 944, 1040, 1084,
1138. 1191,

1187
1082
993
1138
1138
792
89o
1191
1138
1040
1234
792
10.0
1 L91
10->2
996
1188
1040
1234
1234
838
1234
1191
1231

Niagara Falls, N. Y.838,
891,
Niles. Ohio..............1191,
Norborne. M o ........ 993.
North Adams, Mass......
Northampton, Mass.891,
North Dakota.. .891. w44,
Northfleid School D is t.
Minn ...........................
North Milwaukee. W is ..
North Plainfield School
District. N. J ................
North Tonawanda, N. Y.,
83a, 8*1,
Norwalk, O hio.................
Norwich. Conn......... 996,
Norwood, Ohio ....... 801.
944, 1040,
Nottawa, Mich........1040,

NEW LOANS.

$ 3 ,2 3 0 ,0 0 0

ST. LOUIS, MISSOURI,

$ 3 0 ,0 0 0

S T A T E of NEW YORK

BOND CA LL.

Securities.

TEXAS

MUNICIPAL BONDS
8PECIAI.Tr.

R. N. MENEFEE & CO., BAN K ERS,
1 8 W a ll S t r e e t , N e w Y o r k *

W A R R A N TS.

Carefully selected, High-grade State, County, City
and Public School issues, maturing in 6 to 24 months
aud earning 5 to 8 per cent our specialty.
R O B T . E . S T R A H O R N & C O .,
E quitable B u ild in g,
B uatox, M a s t

990
1234
1084
113S
1191

Oitv of New Britain, Conn,r
4# Street Bonds.

3 % Bonds.

CITY OF TRENTON, MO.

944

F l a ..........9 9 6 .1 0 S T
P alatka,
aimer. Mass....... 1191, 1234
Palo Alto. Cal.................. 1085
Paris, T e x ..................990. 1191
Park Co., Aldridge Sch.
Dist., M ont....................
83£
Parnassus,
.................. 1138
Pasadena. Cal ................ 1191
Passaic, N. J ........... 1040, 1138
Pawtucket, R. I ............... loss
Pekin, 111.......................... 1040
Pelbatn, N. Y ...* 3 8 ,1138, 1234
Peoria. Ill__ 792. 1040,
1085, 1191, 1234
Perrysburg, O h io ...89 ,
1138,1194,
Peru, In d ..944, 990, 1085, 113

NEW LOANS.

BOND CALL.

1234
1234

Ill .................
838
O dell.
hio Co., W . Va 1040, 1191
Ohio State University.
1084, 1234
Oklahoma ................ 9 tl, 1082
Omaha, Neb ...792,838,
941,944,993,1037, 1234
Orange, T e x ......... ..*38,
1084
Oregon, M o.... 1084,1138, 1234
Ortonville, M inn__ *91,
i OIO, 1138, 1234
Ortonville, O h io.............
996
Ortonville School Dis­
trict No. 1, Minn...
.
792
Oshkosh Sch. Dia., N". D
990
Oswego, N. Y..............
792
Ottawa Co., Ohio ...792, 1191
Ottawa. Kan........ ............ 1234
Ottumwa, La...................
944
Overpeck iw p . School
District. N. J .............. 8 3 $
Oyster Bay, N. Y .............
792

NEW LOANS.

Ma y o r ’ s Of f ic e ,
i
St . L o u is , A ugust 7th, 1897 >
TO W HOM IT M AY CONCERN:
COMPTROLLER’S OFFICE,
)
Notice is hereby given that the bonds o f the City
BUREAU OF CANAL AFFAIRS.
>
o f St. Louis, issued under authority o f Ordinance
A l b a n y , December 14.1897. \
No. 13,001, numbered from ninety-eight hundred
Pursuant to the provisions o f Chapter 79 o f Laws and eighty-four (9884) to ten thousand five hundred
o f 1895, proposals will he received at this office until and three (10503) both inclusive, will be redeemed
Wednesday, the 5th day o f January, 1898, at 12 on the second day o f February, eighteen hundred
o ’clock noon o f tliar day, for a loon o f
and ninety-eight, pursuant to the terms o f said
Ordinance No. 13061, and the terms expressed in
THREE M ILLION TW O HUNDRED
said bonds, and that said bonds will cease to hear
AND T H IR TY THOUSAND DOLLARS Interest on said second day o f February, 1898. Said
fo r which transferable certificates o f stock, regis­ bonds are dated February 2d, 1885, are payable Feb­
tered,
ruary 2d, 1905, and are redeemable at the option o f
the City o f St. Louis at any time after ten years
P rincipal and Interest Payable in Gold from their date.
will be issued in the name o f the People o f the State
Each o f said bonds, when presented fo r redemp­
o f New York, on the credit o f the Sinking Fund es­ tion, must have the fourteen unearned semi-annual
tablished by said act. bearing interest at the rate Interest coupons, numbered from twenty-seven to
o f three per centum per annum, payable semi-annu­ forty, inclusive, attached.
ally on the first day o f January and .July, and the
These bonds _are called in for the purpose o f per­
principal reimbursable on the first day o f January manent retirement.
1913.
|.......... :
H EY. ZIEGENHEIN,
T h e s e b o n d s a r c e x e m p t fro m t a x a t i o n ,
: L. 8. .
Mayor.
pursuant to Chapter 80, Laws o f 1897.
: .......... :
ISAAC H. STURGEON,
Proposals may be for the whole or any part o f the A t te st :
Comptroller.
loan not loss than $1,000, and such proposals must be
H Y . BESCH,
accompanied by a certified check for one per cent o f
Register
the amount o f the bonds bid for.
Payment^ for the loan will be required to be raade
on the acceptance o f the proposal by deposit in the
Bank o f the Manhattan Co. in the City o f New York
to the credit o f “ Treasurer o f the State o f New York
on account o f Canal Fund ” o f the amount o f the
award, together with premium and accrued interest
from January 1, 1898.
NOTICE IS H EREBY GIVEN that the City o f
Tho Comptroller reserves the right to reject all
Trenton, in the State o f Missouri, will take up and
bids which are not In his upinion advantageous to
retire $37,000 Town o f Trenton Bonds, issued in the
tho Interests o f the State.
Interest, on the loan from the first, day o f January, year 1889, being thirty-seven bonds o f $1,000 each,
1898, will be payable at the Bank o f the Manhattan and numbered as follow s: 3,1, 5, 6, 9,10,11,12,13,
14,15,10, 17,18, 20,21, 22, 23, 24, 25, 32, 33, 34, 30. 37,
Co., In the: City o f New York.
38, 39, 40, 41, 42, 43, 44, 40, 47,48, 49 and 50. Said
All proposals must be sealed and endorsed “ Loan
bonds will be redeemed at the National Bank o f
for Canal Improvements,” and directed to the Comp­
Commerce, in the City o f St. Louis, Mo., on the first
troller o f the State o f New York, Albany, N. Y.
day o f January, 1898, when interest on said bonds
J A M E S A . R O B E R T S . Com ptroller.
will cease.
R. M. COOK,
SOUTHERN AND W ESTERN
City Treasurer.

944
1214
1084
990
1084
1191

The city o f New Britain will receive sealed bids, to
be opened January 18, 1898, fo r $20,000 worth o f 4
per cent street bonds, com pleting the issue o f $50,000, as $30,000 have already been sold. These bonds
are dated August 1,1895, and have thirty (30) yearBto
run. with no option as to payment.
A circular giving full particulars will be mailed by
addressing
R. J. VANCE, Mayor.
$ 4 0 ,5 0 0 B r a d d o c k , P a ...............................
6 .0 0 0 C ity o f L a n c a s te r, O h io ........ 5 s
1 8 .0 0 0 S an d u sk y, O h io ............................5 s
1 4 .0 0 0 X e n ia , O h io ...................................
1 1 .0 0 0 C ollege P oin t, N . Y ................... 4 s
3 6 .0 0 0 N ew tow n , N . Y ............................ 5 s
4 0 .0 0 0 E a st P roviden ce, R . 1 .............4 s
5 .0 0 0 Quincy, M a s s ................................ 4 s
4 ,9 0 0 P ortsm o u th , O h io .....................414a
9 .0 0 0 M e rid ia n , M is s ............................ 6s
2 0 .1
0 0 B rad ford , P a ........................... 4 s
F O R SALE B Y

Rudolph Kleybolte St Co.,
35 a n d 37 N a ssa u S t., S e w Y o r k .
CINCINNATI, O.
$ 8 0 ,0 0 0
4 0 .0 0 0
1 5 .0 0 0
2 5 .0 0 0
2 9 .0 0 0
2 5 .0 0 0
S ,0 0 0
1 0 0 ,0 0 0

B a te s County, M o ..........................4J4»
F ra n k lin County, 111................... 4J4s
L a k e C ounty, In d ......................... 5 s
M a rion , I o w a , S c h o o l.............. .. 4 ^ s
South O m ah a, N eb ......................... 6 s
L iu coln , N eb ., S c h o o l............... ..5 s
A s to r ia , I I I.................................. 5 s
South Side E le v a te d (Chicago).4J4et

WASON, LEWIS

Sc

CO.,

BAN KERS,
B O S T O N : W ortliiu gton B ld g ., 3 1 S ta te St*
C H I C A G O : i n L a S a lle S t

W. J. Hayes & Sons,
BANKERS,

DEALERS IN M UNICIPAL BONDS,
Street Railway Bonds, and other high-grade In­
vestments.
BOSTON, MASS.,
C lev e la n d , O hio,
7 Exchange Place.
3 1 1 - 3 1 3 S u p erior S u
CabU Addreat, "K E N N E TH ."

THE CHRONICLE,

D ecember 25, 1887.']
IN D E X

TO

STATE

Petersbnre, X . Y . -------- 1234 R e n o .X e v ................ S92, 1085
Rensselaer Co., N. Y—
1234
P M adelpM a, P a -...891,
Richmond Co., X, 7.944.
941, 944, 04*0, H S3,
104i, 1085
1063, nay, 1234
1040 Richm ond. Va..P4A, 995,
phoenix. Aria ......... .
1139. 1191
Pierce ■ o. School Dis­
trict So. in. W ash.838. 1*83 Rio Grande Co., Cal. 10» 1, 1135
Riverside Co., San J a ­
Pierce Co., W ash .. .">8.
cinto A Pleasant T al­
892,1010. 1188
ley Lrrie, Dist.. Cal ... .79-3
Pittsburg. P a ---8 5.
Roberts Co.. 8,14... 1191, 1234
$ 8.1010,10“f>.
Pittsfield, Mats. .... 1139, 1234 Rochester, N. Y----- OIL H3u
Uoefcford Sob D isfc.. la . .
793
Pleasant Ridge. O ...702,
783
1191 Rockvilie Centre. N .Y ..
sm,
Rome Union Free Sob.
Polk Co. Ind. 9ch. Dist.
Dist- No 1. -V. Y ...998, 1085
1234
No. 1 b Miun...............
Romness, N. D . . . . .......... 1041
Polk Co., lo w s ................V 1 9 4
Pomeroy. Ohio — .882, 91 i Loscoe Onion School
District, Ohio .............
838
Pontiac, III ...................
83Roselle. N. J . .. .. 793
Port Angeles. W ash----- I D S ’
Port Huron. Mleb...S38,
944 Rush Co.. I ml.................. 1041
Portland. la d ................. I l l
Portland. .Me— ............. ’ 191 S acram ento, Cal.. .844. 1234
Portland Or©.. .. 1^40, 1187 O i. 13ernard, O h io..692,
993.1U0, 1234
Port, o f P* .rtland. «>re.... 1040
Portsmouth. S . H —
908 St. Charles School * Isiriet No. 5. *11 . . . . . . . 1214
Portsmouth Fifth Ward
Mo ........... 0 9 3
S. IX. V a ........... ............ 1234 St. Cl air C
Portsmouth. V a— ......
8«2 St. Clair, Mich................. 1140
Pottawatomie Co.. Okia. 1231 St. Cloud, Minn 944. 990.
1041. 1235
Pottawattamie Co., la ,..
890
944
Potter Co„ T e x .. . .. 1040, 1139 St. Joseph, M o................
Potts vf U© Pa
1139 St. Joseph School Dis­
trict. M o ..................
095
Providence, H f ......... *■* Bit-»
915
Pueblo Co.r d .NV>,2 ''.Cj 1 944 St. Louis Co , Minn .......
Panxstitawney. P a ------- 123* St. Paul. Mttm. ,7w3, 835,
090. 1140
Salem. Ind...... .............
1UQ
ueens Go* N. T
Salem Independent Sch.
94 4, SAW, 1010, 1085,
Dl*t,. S. D,........ ..........
090
1139, 1191, 11 1, 1?3I
Quincy, Mass...... ............ 1040 i SalincviUe. Ohio. . 090. 1191
San Bernardino County,
BrookeSeh. DIM.,Cal..
898
090
acine. Wls ...............
1041
ahwoy. N. J...... • . - 1041
792 San. lMee>» Co., Deseaoso
Itah'tgh, fi.C---- . . . . . . . . .
School District, Cal....
703
048
Balls Co,. Mo. ... ___ ..
Sari f)l*»eo GO., Maiara
K|DB8«f Co., N. f>--- ...
School District. C aL-.
793
944
Ransom Co., X . D...#93
802
1041 Sari iJus &r Co., t*hlo.. s:f8,
Hanson I, 111............ . . . .
1 0 S 7 Sandusky Ohio. ...........
703
Ravenna Ohio, ...
1231
Sanford,
Fla
.
..*38.
015.
1
1
91
Ray Ox 8. 1). No. 2. Mo.
Ray Co. Sch. I>. No,4, Mo. 1231 8an Francisco. Cal......... 1193
1085 Sanilac Center Scb. Dist.
1140
So. 7. M ich.........
B «d Lai** Falls. Mmn..
*92, 1065 8an Jose. Cal.........
9 16
RedwHlow Gou Neb,900, 10SS ; Santa Ana. Cal. .. . .945, 1041
Santa. Clara Co. Sch.
tta<l 'T.jvmI Co.. Minn. 1041,
1139. 1101 ! ih*’ ., i'n 1 ........
1041
Redwood r u n . Minn.. . Uwl Sant* <’ru/.. Cal. .. . .011. 1085
IteidAVille, G a .. . . --------- 1187 1Savannah, Gtt........ .1985. i m

123-4

loio,

Q
R

1085

AND

C IT Y

Schenectady,N. Y.. .993,
Scott Co.. Ky ............. ...
Scranton, Miss— . ...S38,
Scranton. Pa...... ...........
Seattle. Wash .........945,
Seda Ha Sch. DDfc, M o~ .
Sedgwick, Co.. Kan .. . . .
Seneca Co.. Ohio. .. .892,
Sevier Co.. T enn.............
Shasta Co.. Campton
School District, C al....
Sheboygan. W ls ............
She Iby, Ohio.......... .838,
Shelby Twp., R id ....993,
Shenandoah. Pa. . . . . . . .
Shoshone Co., ld a...8 ss,
941,
Shullsburg. W is....... .
Sidnev, Ohio. ........ .
Sing Sing, N. Y .........
Sioux City, l a ...... S 3 *5.
Slater, M o ...................
Smith Co . T e r......... 839,
Snow Hill, N. C...............
Solon. la ...................— .
South Bend, Wash .. ..
Soutti Boise Sch. Dist.,
I l a ............................. .
Southfield. X. Y— 1187,
Southfield Sch. Dist. No.
3. N. V............
Southfield a Westfield
Sch. Dist. No- L N. 7 .,
South Hadley Falls Fire
Dist.. Mass
..1041,
South Omaha. Neb.IDO;
South Williamsport, Pa.
Sparta, Mich.
8p«iriauburg Soh. Dist.,
S.C ... ........................
Sparta, O h io ......
. . ..
Spencer. Mass..
Spokane Co. Sch. Dist.
N o . 81 . Wash,. ..D m 1,
Spukiiuo, Wash .943, 997,
Springfield, 0 ..9 3 7 ,1149,
Spring Valley, III. . . . ...
SoringvlUe. S. Y . . . 013,
Stanley Co., N. C....I1S7,
Statesville. N. C ..... .. .
Staunton, Va.......... 1085,
Sieohens Co.. T ex ........
Steuben Co., X. Y------ Stevens Co. Sch. Dist.
No. 13, W a«b....... I'M I,
Stevens C *. School Dist.
■
Steven* Point, W is____
Stonewall C o.,T ex. 1141.
Stratford, Conn........... ...

D EPAR T M E N T -C O N C LU D E D .
1192
1041
1140
3041
9'i3
892
1192
10 41
833

! Suffield. Conn. ,
.1 1 9 4 Warren Co.,Miss . . . . . . . . 1135
I Suffolk Co., N. V . . . . . . . . .
945 Warren. R. I
....
...
793
J Suffolk, V a ...................... 1187 Warrenshurg Two., M o.
798
793 W ashington,.. . .835, 893,
Sullivan Co.. Mo.'...........
I Summerville. Ga....793, 118’
945.1086. l l l l , 1231
1Sunnyside. Ga.................. 1187 Washington Co., N eb...
-°46
Su perior. W is...........S39, 1085 Watertown. N. Y . . . . —
840
I Sweet Grass Co., Mont.,
Watkins Union Free
j
839.
893
School District, N. Y ..
948
Wau :esha. W is .............
793
793 Wausau, W is ........ ..793,
793 TTakoma Park, D. C......
840
1041 JLampa, F la...................
839 W arcroas. Ga ...... ........ 1089
045 Taneytown, M d.............. 1192 W aynesboro, V a............
946
1041 Tarry town. X. Y . . . . ----- 1235 W ebb City, S. D.. M o .... 1188
997 Taun ton. Mass.......7 9 3, 1235 W ebster City, la. ,..793,
Taylor, T e x ..... ............. 1041
m40, 9 9 7 ,1 1 9 4
1085 Tennessee. .793,893, 915, 1135 W estchester Co., N. Y..
839 I Texas City, T e x ............. H35
1086, 1141
79a Tiiompsouvilte, C onn...
839 Westfield, C onn.................. 1235
10-5 Toledo, O hio. ,..7 h3, 839,
W est Hartford, C o n n ... 1 0 8 7
1140
997, 1135 W est Hoboken. N. J.,
839 : Traer, l a ............ ............. 1235
9 46, 997, 1011
mu
I'renbon, Mo ...793,839, 1231 W est Liberty, la . ------80S
1285; Trenton, N, J . . . . ...........
9*5 W est X -w York Soli.
893 I Triou, G a...... .................. & 7
Dist.. N. J .................
1086
9 9 3 Troy. N. Y ...10 5, H4t, 1192 W est orange X. J . . . . . . . 1L93
Troy, Ohio. ................... 1041 West Pit-tsLon Sch. Dist.,
893 I Tulare Co.. Kaweak ScU.
Pa .........
10S8
11*2
Dist,. Cal........ 793.997. 1215 W estport. Mo ...................
793
West Union. W. Va.,793.
937
Tulare Co., Lewis Creek
Wethersfield, Conn........
Sch. Dist., Cal .. . . . . . .
893
Tulare Co.. Venice Sch.
Wharton. T e x ....................
997
i o n ; Dist... C il......... .
...
883
. . 1335 W hatcom, W a-li.
Turners Sch. Dist., N. Y. 1235 Wheeling. W. Va....840,
1085 I
946, 1088
11“2 ! [ lister Co., N\ Y .......... 1103 White Co., il l ........ ......... 1141
1140 vJ rdon Twp,, Tad..........
893 W hitestone, X. Y ........... 1193
9 4 5 ; United States.. . . . . . ----- 11-S W ichira Co.. Kan . . . . . . . 1041
Urbaua, ill .............. .
1141 Wichita. K a n ...... ........... 1086
015 Utah... ........... ............... 1331 Wtllimantie. Conn.......... 1L93
703 Utica, N. Y..............1035. 114L Winchester, 111...............
*63
839 I
Woburn. Maas .............. 1144
VaIDhurg. N. J ...... 1011. 1193 W oodbury Go., Iowa ... lO il
1140 ; Van Wert Co.. O., 10 il,
W ood Co., W . V ...............
840
10S5 |
l U 1.111)3. 1235 W oodford Co.. K y.. .997, 1U1
1102
W oohsoeket, It. I...1W1, i m
XTem
oa.
Conn.........
Worcester,
Mass.
...90s,
1041
..
.1
0
S
7
093
1041 1 V let-ir. Col.....................
839 W orth Co., Mo......... 098, 1235
SW Wyandotte, M i c h ..........
S40
13 il Victoria, T e x — .............
9 15 Vlneenues. I u d .............
793 W yom ing............................
836
U*o Virginia. . .. ...................
835
893 I
^ e n i a , Ohio..........U4J, 1235
1141 W nhpeton. N. D.......... 1085
alia-'© Co.. Kan.
1187
1103 Walla Walla Co. Sch.
ankton. S T ) ............. 1193
D!*t. No. H. Wash......
axoo. Mississippi Del­
793
119? i Waitham. Mass...... 1011,
ta Levee D 1st., Miss.. . 1141
1215 .j
1085, 1141 Yeadon, P a .........................
946
1102 Wnpakoneta, Ohlo.tOii, itHfi Youngstown, 0 ____ 840,
997
893 9*0, 108 6
1235 Ware. Msm. ...793,839,

j

Y

INVE T M E N T S .

INVEST M ENT S.

INVESTMENTS.

PUBLIC SECUBITIES

Investment Bonds
New York Savings Banks
and Trustees.
L IS T S

L ISTS

M A ILE D ON

A P PLIC A TIO N .

Farson, Leach & Co.,
C H IC A G O ,

NEW Y O R K

100 D earborn 8 t.

2 W a l l S t.

WE OWN AND OFFER
$

2 5 0 ,0 0 0

Queens County, NVY., Gold 4s,
3 1 a tn rin s in 1 9 1 7 .
ftegiiitered or Coupon.
A*sos*ed Valuation ..................................... $85,345,111
Total D ebt,
.............................................. 3,634,000
Population, 130,000.
Price and particulars upon application,

W IIA W

Ac § C I I L E M X G E R ,

2 W a ll S tr e e t, N ew Y o r k ,

Government a n d
Municipal Bonds
BO UG H T AND SOLD.
APPRAI8BM KNTB MADE OR QUOTATIONS
FU B a
N ISHED B’OR TH E PURCHASE, S A L E . OR
EXCHANGE OF ABOVE SECURITIES.
LI.HTH ON A P P L I C A T I O N .

SENT

UPON

A P P L IC A T IO N .

MEMBERS OF BOSTON AND NEW YORK
STOCK EXCHANGES.

R. L. DAY & CO.,
4 0 W a t e r .Street, Boston.
7 N a ss a u S t r e e t , N e w Y o r k ,

ADAMS & COMPANY,
BANKERS

IN V EST M EN T BONDS,
'Members o f Boston Stock Krchnnae.l

No. 7 Congress and 31 State Streets,

NEW YO RK

Street Railway Bonds
Union Railw ay
Westchester R ailw ay
Steinway Railw ay „

'

5s
5s
Cs

And Other Choice Securities.

1 Nassau Street, New York
Philadelphia.
Ciacliinati.

8 5 .0 0 0
S pokane, W a s h ., G old 5 s .

1914.

8 4 0 .0 0 0
D etro it R a i lw a y 1 st M a r t. G old 5 s .

19*24.

8 1 0 .0 0 0
H ere fo rd R y . 1st M ort. 4 s . 1 9 3 0 .
G uaranteed by M a in e C e n tra l.
1 2 5 S hares
Staten Isla n d R y . S tock .
5 1-3% G u aran teed .
P rices and P a r tic u la rs on A p p lic a tio n .

BANKERS,
3 1 N A S S A U S T ., N E W Y O R K .

$ 2 0 0 ,0 0 0

Central EE, & Electric Co.
This road has direct connection with the City of
Hartford.
Ser i fo r earnings to Oct. 1,1897, and full descrip
tion o f -operty.

E. H ROLLINS & SONS,
1 9 M ilk S tre e t, B oston, M aas.

C. R. GOODE,

M U N IC IP A L

S E C U B IT IE S .

H ig h -G r a d e W a r r a n ts a S p ecialty
Write fo r List.

No. 6G Broadway, New York.

Blodget, Merritt & Co.,

BANKERS,

BANKERS,

121 Devonshire Street,
BOSTON.

16 Congress Street, Boston.

L I S T S S E N T U PON A P P L I C A T I O N .

8 5 .0 0 0
T o p e k a , K a n ., 5 s , 1911$.

1st Mortgage Sinking' Fund Gold 5s.

BANKERS,

E. C. STANWCOD & Co.

8 1 2 .0 0 0
H em p stead , N .Y ., S e h .D i s t .5 s . 1 9 2 0 - 1 9 3 8 .

(Of New Britain, Connecticut.)

BOSTON.

Edward C, Jones Go.,

MUNICIPAL BONDS.

1903.

0. H. W H I T E & CO.,

DBAX.ER8 IN

N. W. HARRIS & CO.,
-31 N A V V S T . (B an k ol Com m erce

8 2 7 .0 0 0
Bt. J osep h, M o., Om.

8 1 4 .0 0 0
D ou gin * C o., G ft., (is. 1 9 0 3 - 1 9 1 8 .

SUITA B LE FOB

SAVINGS BANK AND T R U S T
FUNDS.

1237

STATE, CITT & RAILRO AD

CHRONICLE VO LU M ES
BONDS

1 8 7 4 * 1 8 8 7 -2 8 VOLUM ES.
Bound in full m orocco. Offer wanted for th ese
Addrew
W ILLIAM B. DANA COMPAN
7071*
»(ve«b#now

THE CHRONICLE

Jfinaucial

financial.

in s u r a n c e .

MANHATTAN ISLAND
REAL ESTATE

The Audit Company
OF NEW YORK,

INVESTMENT.

E q u ita b le B u ild in g , 120 B r o a d w a y .
Extract from By-Laws of the Audit Company
of New York.
AR TICLE X I V .

[VOL. L X V .

CASS REA LTY
CORPORATION.

O F F IC E

OP

JH B

A TLA N TIC M UTUAL
INSU RANCE CO.

EXAMINATIONS TO BE CONFIDENTIAL.
Section 1. The results of all audits and e x ­
aminations made liy this Company shall he
treated as 6triotly confidential by both the ex­
aminer and the manager of the Company. In
all cases, unless otherwise directed orrequested
by the applicant, the reports of the Company
shall be made in duplicate, oue to be delivered
to the applicant and the other to be sealed up
and retained by the Company.
Sec. 2. In no case shall tile duplicate report
so retained by the Company bo open to the in­
spection of the directors, officers, or employes
of this Company, nor shall the contents he
made known except upon authority of a reso­
lution of the Board of Directors of the Cornpany.
8ec. 3. Each oflicor and employe of the
Company who shall participate in making ex­
aminations or audits shall; on entering the em­
ploy of the Company, make oath that he^will
not divulge any information obtained by him
In the course of his employment relating to
audits or examinations.

2 0 9 ,M il and 2 13
E a st T w e n ty -T h ir d S tr e e t.

S p ea k in g o f M an h a tta n Isla n d R eal
E sta te In vestm en t, th e “ N . Y . E v e n in g
P ost” , A p r il 3, 1897, said:
“ * * it is sure in tim e t o b e co m e
im m en sely p r o fit a b le ; fo r th e in ­
crea se in the fe e va lu e o f th e p rop ­
e r ty w ill be a tte n d e d b y . a g rea ter
dem a n d * * a n d a re la tiv e in crease
in re n ts.”

W rite or Call for Particulars.

N A T IO N A L

BANK

OF MILWAUKEE.

C A P I T A L ......................................8 1 ,0 0 0 ,0 0 ( 1
SURPLUS, .
.
.
.
8 2 3 0 ,0 0 0
Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS *
F. G. Bigelow , Pres’t.
F. J. Kipp , Cashier.
W m. Bigelow , V.-Pres’t. T. E. Ca m p , Ass’t Cashier.
F. E. KRUEGER, 2d Ass’fcCashier.

Jos. O. Osgood,
M. AM. SOC. C. E.,

San Francisco,

1*0 BR O A D W A Y, NEW Y O R K .
REPORTS ON IN V E S T M E N T P R O P E R T IE S ,
R ailroa d Location and Construction.

Accountant
S S S T sK T *

The First National Bank
O F SAN F R A N C IS C O , C A L .
UNITED STATES DEPOSITABT.'
C a p ita l, 8 1 ,3 0 0 .0 0 0 i S u rp lu s,
8 9 3 0 ,0 0 0
3. G. Mo r p h y , President, JAs.K. L y n c h , Cashiei
IA MSS Moffitt, V.-Pret., J. K. Moffitt , Art. Cast
General Banking Business. Accounts Solicit.ri

WM. FRANKLIN HALL,
bo sto n , m a s s .

Books %adited. Examinations and inrestigatioM
rx>r:« ^ted with the utmost care and efficiency.

t h

e

f i n a n c i a l

r e v i e w

A N N U A L —1 8 9 7 ,
W ILUAM B u T 0wC.a B ° H10“ Subscribers, ,1 60.
ILI.IAM B. DANA COMPANY. TDK Pine St w y

Total Marine Premiums............... $ 3 ,7 0 6 ,0 6 3 .8 9
Premiums marked off from 1st
January, 1 8 9 6 , t o 3 1 s t Decem­
ber, 189 6 ......................................... $ 2 ,6 5 8 ,1 0 8 .5 8

BANKS.
F IR S T

N e w Y o r k , January 2 1 , 1897.
The Trustees, in conformity with the Charter
of the Company, subm it the follow ing state­
ment of its affairs on the 3 1 s t of December,
1896:
Premiums ouM arine Risks from
1st January, 1 8 96, to 3 1 st D e­
cember, 1 8 9 6 ................................ $ 2 ,5 9 6 ,7 8 8 .8
P r e m i u m s o n Policies n o t
marked off 1st January, 1 8 9 6 . 1 ,1 0 9 ,2 7 5 .0 0

Canal Bank,

lo s s e s paid during the
same period....................$ 1 ,2 4 9 ,9 9 9 .0 1
Returns of Prem ­
ium s and E x ­
penses ................. $ 6 4 6 ,4 2 0 .2 5
The Company has the follow­
ing Assets, viz.:
United States and City of New
Y ork Stock: City Banks and
other Stocks.................................. $ 7 ,2 2 6 ,3 0 5 .0 0
Loans secured b y Stocks a n d
otherw ise............. .....................
1 ,9 3 0 ,0 0 0 .0 0
Real Estate and Claims due the
Company, estimated at.............. 1 ,1 3 7 ,6 2 1 .9 7
Premium Notes and Bills R e­
ceivable ...........................................
8 4 3 ,5 9 6 .9 6
Cash in B ank...................................
1 7 5 ,2 2 9 .2 5
Am ount....................................... $ 1 1 ,3 1 2 ,7 5 3 .1 8

NEW ORLEANS, LA.
(Successor of N. O. Canal & Banking Co.)
C A P I T A L , 8 1 ,0 0 0 ,0 0 0 .
J. C. MORRIS, President EDWARD TOBY, -Vice
_
Pres. EDGAR NOTT, Cashier
Correspondents—National City Bank, Nationa
Bank of Commerce, New York; Boatmen’s Bank
-National Bank, Chicago; Mer
chants’ National Bank Boston

‘S p i r i t i n g g a p e r .

Six per cent interest on the outstanding cer­
tificates of profits w ill be paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the second of February next.
The outstanding certificates of the issue of
1891 w ill be redeemed and paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the second of February nexU
from which date all interest thereon w ill cease.
The certificates to be produced at the time o f
payment, and canceled,
A dividend of Forty per cent is declared on
tile net earned premiums of the Company for
the year ending 31st December, 18 96, for which
certificates w ill he issued on and after Tues­
day, the fourth of M ay next.
B y order of the Board.
J , H , C H A P M A N , S ecreta ry,

b a n k e r s

s h o u l d

t h in k
TR USTEES:

M ore seriou sly a b o u t th e paper u sed in th eir a c ­
c o u n t book s.
M ger* 7

D o y o u k n o w th e

Whiting Linen

T h ey are p e rfe ctio n , an d w ill w ith sta n d

th e severest tests o f erasure an d re-w ritin g .

T h ey

are m ade in tin ts th a t g iv e th e eye m ost ease b y n a t­
ural or a rtificia l lig h t.

R ecom m en d ed b y oculists.

W rite fo r sam ples and b ook let, free.

W H IT IN G P A P E R C O M P A N Y ,
.

W

olyoke,

-

M a s s .,

and

150 D u a n e S t r e e t , N e w Y

ork.

w

W . H . H . Moore,
A . A . Raven,
Joseph H. Chapman,
James Low ,
James G. De Forest,
W illiam Degroot,
W illiam H . W ebb,
Horace Gray,
Christian de Thomsen,
Charles P. Horde'-"'
Henry E . Hawley
W illiam E . DodgL
Lawrence Turnure,
J oh n L , Riker, .
C. A . Hand,
John D . Hew lett,
G ustav Amsinok,

N . Denton Smith,
Charles H . Marshall,
Charles D. Leverich,
Edward Floyd-Jones,
George H . M acy,
W aldron P. Brown,
Anson W, Hard,
Joseph Agostini,
Vernon H . Brown,
Loander N . Lovell,
Everett Frazar,
W illiam B. Boulton,
George W . Quintard,
Paul L, Thebaud,
George Coppell,
Gustav H . Schwab,
Francis M. Bacon.

AN T O N A . R A V E N , President.
-*
FR E D E R IC A . PARSONS, Vice-Pres'L
CO R N ELIU S E L D E R T , 2(1 Yicc-Pres't
TH EO . P. JO H N S O N .3 d Vice-Pres'L