The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(Quotation -Supplement (momi^ -Street Railway Supplement (cjuartfrt^
Investors Supplement (quarter^ State and City Supplement (senuAnnuaij^
( E n tire -! *o o u r lin k t o A ct o f 0 m -tr e n , ia th e y e a r 1396, b y th e W i l l i a m B. D a n a C o m p a n y , l a th e o ffice o f th e L ib ra ria n o f C ongress,
SATURDAY, DECEMBER 26, 1896.
VOL. 6 6 .
2
Jhe Chccruicle.
P U B L ISH E D
Clearing* a t—
W EEKLY.
Terms of Subscription—Payable in Advance:
Terms o f Advertising—(P e r Inco space).
O n e t i m e ___ . . . . . . . . . . . . . . . . . $3 SO |Three Months (13 tim e s)..# 2 6 00
One Month
(4 tim e s).. 1 1 0 0 Six Months
(26 “
) . . 43 00
Two Months
(8 “
I . 18 0 0 I Twelve Months (52 "
) . . 58 00
(The above term s for one month and upward are for standing oards.)
London Agents:
Messrs. E d w a r d s A S m i t h , 1 Drapers' Cardens, E. C., will take sub
scrip tions and advertisem ents,and supply single ooplesof the paper
at le . eaoh.
W I L L I A M B . D A Y A C O M P A N Y , P u b lis h e r * .
P in e S tr e e t, C o rn e r o f P e a r l S tr e e t,
F ort O r n c i b o x 958.
y b w
v o r u ,
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses
of the United States for the week ending to-day, December 26,
have been 5882,708,975 against $1,103,277,tm last week and
t i,121,411,603 the corresponding week of last year. Figures
in each year cover only five business days in consequenoe of
the Christmas holiday.
CL*A»I*OS.
rut k m . Ml telegraph.
Week Ending December 20.
1896.
1895.
Per Cent
Sew Orleans........ — ------ —
*417.338.385
60.903,605
40.H19.95N
9,623,865
57.209.1 18
10.530,257
3.308.783
2.87 2.1 59
74,703,590
66,481,706
11,336,577
Tm.135,021
16.779,005
9,652,735
-2 4 o
-1 8*5
-3 8 6
—15*1
-1 8 -4
— 1-4
-1 3 -9
Boren stiles. 5 dnys.........
Other cities. 5 deye............ —
$610,763,990
114.013,247
$801 961,393
124,409,264
-2 3 8
— 84
Total nil cities. 5 (lsys ..
*11 cities. 1 hey......................
9724,777.243
157.926,732
$926,370,657
195,041,036
—21-8
-1 9 0
$662,703,973
$1,121,411,693
—21-3
Total alloitie* for week
The full details oi cieanuga
-^
“
above s t a t e m e n t will be given next Saturday. We cannot,
rrf course furnish them to-day, bank clearings being made
ud by the various clearing houses at noon on Saturday, and
hence m
in the
the aoove
above wie
the list
hence
uvw twenty-four h o u r s of
— the week
_
have to be in all cases estimated, as we go to press Friday night.
\Vc present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
S aturday noon,December IS.and the results for the correspond
ing week in 1*9.5. 1894 and 1893 are also given. Contrasted
with the preceding week there is an increase in the aggregate
e x c h a n g e s of nearly fifty-seven and a: half nullum dol
lars hat at New York alone the gam is forty-seven milItms. In LmpariLn with the w*eek of 1895 the total
far the w h o l e country shows a decrease of 19*8 per cent. Com
nared^with the week of 1894 the current returns record a
over
per* cent.
f f ’T I ' f i l l n the
l i ' i k excess
iiu
w ,1893
v . - - is- 17-8
-gain of. »9’2» --------an(j
pe
5utside
of Yew
per cent
" ! of
Ye1 York the decline from 1895 is
The
Per,oe"^Va°fr™a
_kt. g
rne increase over 1894
n o t reaches
hx*™™ 3*1
” •c
- -----; —
parison with 1893 the gain Is seen to be 13 7 per cent
u a v v w
Week ending December 19
1896.
1894.
P. Oent.
1895.
1893.
-1 6 6
-1 2 8
-13*3
-4*4
-1 3 9
—16-7
-11*7
—260
-1 -2
-1 7 0
-9 5
—10*0
$
545,595.284
74.299.717
13,182,534
14,108,803
4,214.140
1,830,792
1.673,257
1,102,156
858 673
693.218
336,000
067,914,034
|
514,500.971
62 188.497
12.856.038
13 222,727
3,746,901
1,600,978
1,334,003
919,487
100,837.739
7.219,70
2,54o,27**
1,094.477
1,500.875
1,443,061)
1,427.561
1,223,956
730,000
520,130
119,142,870
-6*0
—20*7
-17*9
—9*8
+17 7
-0*4
—1*4
+1-8
-2 0 3
-4*3
-6*8
92,045,652
6,064 500
2,131,341
1.437.168
1,378,930
1.412,9t 2
1,339,252
935 331
000,088
351,171
107.756.635
81,738,448
4 731.300
1,588,148
1,336.448
1,888,841
1.100,388
1,164,825
1.070.952
582.076
645,798
94,950,819
98,314,012
13 802,50'
7,152,792
6,82y. 9.$8
4.993,638
3.0 76.200
2,392.o9e
1,647,939
1.592.361
8*9.089
631.33.1
308.996
2 7.53o
309,799
243.501
230,037
227.043
229.600
143 728,911
-4*8
-1 1 5
—11
-7*9
- 5 ‘0
+11*9
-10*2
—4*2
-10*9
-10*2
-1 1 4
-2*4
-1 9 l
—12*6
+6 o
-1 9 1
-32*3
-16*1
-6 3
85,936 936
13 528.750
6,051.291
5.639,716
4.306.473
3,791.200
1.403,304
2.250,000
81,025,713
13,304,050
6,700.000
4.614,270
4 220 108
3,125,100
1,377,067
1,632,642
870,059
868,922
383. d94
275,849
231,752
33 ,081
179/87
196,075
170,420
126,444.190
276,221
225,000
170,962
301,252
171 108
217,540
143.076
117,363,697
T a c o m a ...............
S e a t t l e .................
S p o k a n e ...............
F a r g o ......................
S io u x F a l l s .. . .
T o t a l P a c ifi c .
1.402,880
1,941 003
628 797
460,113
552,643
615 170
127,448
36.815
21.805,018
14.195.083
1.313,477
1.325,283
2,547.905
589,713
564,143
501.018
462,898
157,725
102.910
21.840,153
+82
+39 0
+120
-23*8
-10*3
-18*4
—14*9
+27 4
—19*2
—65 2
-0*2
11,374.559
1 372,770
1,400, 79
982,035
949.882
07‘ ,928
610,0»'0
308,592
102,149
73.782
17,740.576
10,980.819
1,353,440
977,707
712,044
377,805
718.745
488,088
336.188
94,049
169,534
10,2(3,919
Kansas City.........
Minneapolis...........
Omaha...................
St. Paul.................
D en ver..................
Davenport......... ...
St. Joseph ...........
Des M oines...........
Sioux C ity..............
L incoln..................
W ichita...................
Topeka...................
Fremont .........
Hastings.................
T ot. other West
11.420,974
9.394,564
3 724.336
4,911,730
2,4*2.819
608,283
1,375,000
1,034,579
49 ,414
484.127
328,040
624.907
56 008
68.654
30,961.133
11.587,717
10 253,408
4,414,594
5,482.686
2,953,030
2,100,000
1,344.000
1,022,005
675,n3'
499.328
498,087
505.414
60,687
77 927
41,04 5,687
—1*4
—8 4
—13 6
—10*4
—16**
—75*8
+2*3
+6*1
-20*7
—30
—340
+1UA
-6 0
-11*9
-9*9
10.277.138
6.074,427
4.384 "OC
4,404,558
2,040,094
8 904.719
0.308.206
5,189,111
8,460.902
2,030,249
1,877,984
1,009.315
034,735
413.17J
509.57S
617,1*5
03,07C
71,982
33,097,834
2.074 034
907,273
833,801
622.122
542.308
500,915
107,091
80,000
32.121,701
3t. L ouis................
New Orleans...........
Louisville...............
Galveston..............
H ouston.................
Savannah.............. .
Richm ond.............
Memphis................
Atlanta............ ...
Dallas.....................
Nashville...............
Norfolk..................
W aco......................
Fort W orth. ........
A u g u sta ...............
20,013.6 M
13.283.362
6,787.869
3,703,650
3 650,762
8.613 J»5f
2.279 505
2,543 140
1.881.364
1,579.725
1,120.807
1,096,622
1,625,321
844.444
930,592
410,011
370,354
28.334.270
14 190.001
0,2O2.99£
3 407,060
S,702,o81
3,v-27,13a
2,829,615
2.678.503
1.809.226
1,553.371
1,043.132
1,135.211
1,0"1.07C
776,486
876. i OC
409*261
466,629
-12*2
—0*4
+ 94
24.500.243
12 431,144
6,767 579
4.410,045
3.759 3<»7
3,469 884
2,243,059
2,003,154
l.'86,3 2
1.454.200
1.119.096
1.109,075
635.024
805 340
535,160
380,000
24.192.063
14.03I.0S8
6.540.046
3 600.000
3.918 372
2.802.290
2,339.105
1.708.804
1,300.000
1,148,158
870.205
1,220.077
700,000
62b,000
413.329
222.212
0B.O92.315
325.894
220.559
04,803,177
- 1 2 0 1,010 062,181
-0*7 465,250.000
986,540,370
-0*3
-9 9
-1 0 2
+26 C
-4*0
11,873.088
0,329.700
1 079.324
1.1H4 320
091,717
10,864 449
5.480,074
1,116,439
-2 7
21,168 246
17.024 994
P h ila d e lp h ia ....
P it t s b u r g ..............
B a lt im o r e .............
B u ffa lo ...................
W a s h in g to n . . .
R o c h e s t e r ..............
S y r a c u s e ................
S c r a n t o n ........
W i lm in g t o n .........
B in g h a m t o n .
T o t a l Middle.
*
623,406.190
63.093.470
43,435.715
14,311,174
4.68^.249
1,761.547
1.470,4o3
933.477
877,410
622.017
302,000
724,800,702
$
747.817.570
72.33J.936
15,497,127
14.962,049
5,329,217
2,114,99c*
1,034.9-6
1,244.951
SS8,3j9
749.443
333.800
S62.942.449
B o s t o n ........................
P r o v i d e n c e ..............
H a r t f o r d ................. .
N ew H a v e n .............
S p r in g fi e ld ...............
W o r c e s t e r .................
P o r t la n d ..............
F a ll R i v e r ................
L o w e l l .......................
N ew B e d fo r d . . .
T o t a l N e w B u g ..
94 810 664
6,723,000
S,Oe9,2l<
1.128.584
1.766,77*
1,437,768
1,406 89o
1,245,847
581,791
497.506
110.988.038
93 597,046
12,267,600
7,070.037
6,290,604
4.712.637
4,000.000
2.148,75»
1,577.859
N e w Y o t a ...............
For One Y e ar............. ..... ... ............................................................. $ 1 0 00
For Six M onth*................................................................................
6 00
European Subscription (Including postage)........................ 1 2 00
European Subscription Six Months (Including postage).
7 00
Annual Subscription In London (lnoludlng postage)___ < 2 10s.
Six Mo*.
d o.
do.
do.
. . . 4 1 10 b.
The I n v e s t o r s ' S u p p l e m e n t w ill b e fu r n is h e d w ith ou t extra ch arge
t o e v e r y a n n u al s u b s c r ib e r o f t h e C o m m e r c ia l a n d F i n a n c ia l
C h r o n ic l e .
The St a t e a n d C i t t S u p p l e m e n t w ill a lso b e fu r n is h e d w ithout
extra charge t o e v e r y s u b s c r ib e r o f th e C h r o n ic l e .
The S t r e e t K m l w a t S u p p l e m e n t w ill lik ew ise b e fu rn ish e d w ith
out extra charge t o e v e r y s u b scrib e r o f th e C h r o n ic l e .
The Q u o t a t io n S o p p l e m e n t , Issued m o n th ly , w ill also b e fu r n ish e d
without extra charge t o e v e r y su b scr ib e r o f th e C h r o n ic l e .
File oover* are sold at 5 0 cents ea c n : postage on the same le 18
cents. File cover for supplements can be bad at office for 65 oents or
snalled for SO oenrs.
1896.
NO. 1,644.
C h ic a g o ......................
C i n c i n n a t i..................
D e t r o i t ........................
C l e v e l a n d ...................
M i l w a u k e e . . ...........
C o l u m b u s ..................
I n d i a n a p o l i s ............
P e o r i a ..........................
T o l e d o ..........................
G ra n d R a p id s —
D a y t o n ................. •
L e x i n g t o n ................
K a la m a z o o ...............
A k r o n .......................
B a y C i t y . . . . ............
R o c k f o r d ....
S p r in g fie ld , O h io ..
C a n t o n .......................
T o t M id . W e s t ’ r
S a n F r a n c i s c o ...
S a lt L a k e C i t y ..
P o r t la n d ...............
L o s A n g e l e s ........
Helena................
Birmingham..........
Knoxville..............
Little R ock...........
.Jacksonville........
Chattanooga.........
Total Southern.
798,911
559,290
301,670
240.576
270,900
260,000
166.0-6
153 660
191,649
136,046,328
14,225,624
276 0^6
246 000
72.076.736
2-6,339
251.2U4
73.301.813
1,103.277,955 1.262,001,829
Total a l l...----479,872.705 614,184.250
Outside N. York
11,968,976
11.930 395
M o n t r e a l...............
7.839 272
T o r o n t o .................
1,384.977
1 244.042
H a li f a x . ..............
1.453,7o£
1.816.8
8
W i n n ip e g ..............
692,924
600.9 '(
H a m i l t o n ...............
519.951
9 t . J o h n * ...............
93.33,\R52
22/
15
879
T ota
* N o t I n c lu d e d in t o t a l s .
—1*2
-8 0
-19*4
—1*4
+4*0
+ 1-7
+ 74
-3 4
+62 3
+»-t
-f 0 2
-0 2
-1 8 9
—6*5
-a -0
-2 1
-0 9
903,036
314,300
611,090,997
257,980
422,039,399
068,033
1132
THE
CH RONICLE
THE F I N A N C I A L S IT U A T IO N .
It is seldom that we have had to record a duller
week iu Wall Street, and indeed in business circles gen
erally, than the current one, eveu at this quiet period
of the year. Many circumstances have contributed to
produce the unusual result. Oar depressed industries
called for, as seldom before, favorable surroundings to
give them the fresh impulse they needed. Instead o f
that Congress, or perhaps we should say the
Senate, has done its utmost to check develop
ment. It is enough to mention the constant
rritation and discouragement the Cuban agitation has
caused ever since Congress met. Then too the cur
rency situation for which the political battle so re
cently closed was*fought'and won has had nothing
done to relieve git, and very likely nothing could have
been accomplish ed. But with no cure attempted the
old evil has developed again, the result being a state of
our foreig n exchange market which has held over in
dustrial affairs for months the fear of gold exports; a
situation made depressing by its abnormal character,
that is, because existing in face of the largest mer
chandise exports ever recorded.
Under such circumstances there is no cause for sur
prise in the fact that, although our industrial ma
chinery has got into operation again, the product8
turned out by our manufacturers have not as a rule
found ready consumers. Distribution has therefore
been slow, decreasing instead of increasing, and con
sequently our great carrying industry has fared poorly.
When railroad business is depressed general prosperity
is out of the question. This state of things and its
natural results are disclosed in the small earnings being
reported day by day ; that again is reflected in the
economies forced up on the roads in the reduction of
the labor employed or [of the wages paid and in all ex
penditures being confined to necessities instead of work
being prosecuted with a free hand as usual. It is
proper to add here that there is good reason to antici
pate this condition will begin to improve after the
first of January and become more manifest as the
spring opens.
A special depressing influence this week has been the
commercial and financial disasters, which have become
numerous and important. Attention has been largely cen.
tredever since Monday on the bank and other failures in
Chicago, St. Paul, West Superior, and elsewhere in the
Northwest. This has been a feature of deep interest
here as well as in the localities named. The great
Northwest cannot suffer without our suffering, too.
Besides that, the relationsof our leading banks are very
intimate, especially with Chicago.
The trouble in
that city was precipitated by the decision of the Chi
cago Clearing House, refusing Clearing House privileges
to the National Bank of Illinois. This action has been
criticised, the idea being that if these institutions had
stood together, the Bank of Illinois might[at least have
gone into voluntary liquidation and much of the mis
chief which has followed the failure been averted. It
is not clear that the situation warranted such assistance.
The leading facts disclosed would indicate very bad
banking methods. The statement is that, with a capi
tal of $1,000,000 and a surplus which according to
the return of October 61896 was reported at $1,000,000,
besides $315,213 of undivided profits, the bank
had loaned $2,400,000— or more than the combined
capital, surplus and undivided profits—to one corporaion, and $500,000 to a near relation of a leading officert
[V ol . L X IIJ.
of the bank, no part of which could be made available
at once for banking purposes. The National Bank o f
Illinois was one of the oldest and supposed to be one
of the most conservatively managed institutions in
Chicago, and the announcement of its failure was a
great surprise in New York banking circles. F o ra
time fear was felt lest the results of this failure would
be widely disastrous. This feeling was encouraged by
the suspension on Tuesday of the Bank of Minnesota at
St. Paul, a State institution, one of the oldest in theWest, having a capital of $600,000. That suspension
was likewise followed by the failure of the Union Stockyards Bank, also of St. Paul, and the suspension on Wed
nesday of the Bank of West Superior. The latest reports
from Chicago are much more assuring than they
were, it being stated that the runs on the savings banks
had ceased and that no further unfavorable develop
ments were expected. It will be a source of immediate
relief if the recommendation of the Clearing House
Committee of that city is adopted, that 75 per cent be
advanced by the associated banks on all adjusted
claims against the Bank of Illinois. Its liabilities are
reported to be $11,000,000, and the losses, it is said,
will fall on 1,971 individual depositors. Latest re
ports from St. Paul were also of a satisfactory char
acter.
With reference to the Cuban matter, referred to
above, we are inclined to think it will not be a dis
turber of industrial affairs to any great extent
during the coming year. It has no doubt recently
contributed more than any other influence to discour
age timid capitalists. The fear felt has been by no
means a fear with reference to the Cameron resolution
alone, but even more than that a fear lest the war
Bpirit prevailing in the Senate will during this session,
or during the extra session which it is believed is in
prospect, force such action by the United States
as to precipitate a conflict. Our belief in any
such result, so far as the present proceeding and
the existing session of Congress is concerned, may
be pretty fully gathered from an article in regard to
“ The Executive and Congress” on a subsequent page.
With reference to any later action the prospect is
equally assuring. The political change which will
take place the fourth of March will make the Senate
materially more conservative than it now is. Besides,
the Bepublican Party goes into power at that time and
it will then have half the Senate and possibly more.
We need not say that power makes a party conservative;
it is likewise a fact that on this question the party's
strength will always be reinforced by a number of votes
from the Democratic side of that body. Under exist
ing circumstances there is, too, in this case a special
reason why conservatism in international matters will
need to and will rule the incoming Administration.
The Government in case o f war would be vulnerable
in an important particular. Our currency standard
rests on only one leg (the Treasury reserve) and the
party in power will have that to defend. The Repub
licans will hold the Presidency, the House and perhap s
the Senate, and can stop any legislation thought to be
undesirable; it is more than foolish to say that it will
court a disaster which would make the Administration
conspicuous in history for its failure to defend the very
point on whicn the election turned. This thought dis
ci ases the animus of this Cameron resolution and all
the other Cuban resolutions that have been offered.
Every one of them has been submitted by a free coinage
advocate, and what they are seeking is not Cuban free-
December 26, 1896. |
THE
CHRONICLE
1133
dam buc to play upon the sympathy felt for Cuba to England lost £1,413,364 bullion during the week and
get oar currency on a silver basis.
held £33,809,727 at the close of the week. Our corre
The news of the bank troubles in Cnicago made spondent farther advises U3 that this loss w is due to
money on call a shade firmer on Monday at 2 per shipments to the interior of Great Britain in the amount
cent and the loans on the following day were at that £1,438,000 net and to imports of £25,000, of which
rate. At the same time thirty day loans ceased to be £16,000 were from Portugal and £9,000 from Australia.
•quoted and there was some hardening of rates for
For foreign exchange the pisted rates on Mmday
longer periods, silty to ninety day being 3 per cent ranged from 4 81} to 4 85 for sixty-day and from 4 88
and four months 3 } per cent. This advance will to 4 88} for sight. The market was easy and rates for
not probably be lost until after the turn of the New actual business were one-quarter of a cent lower com
Year. The b ink failures in the West have caused a pared with those on Friday of last week, at 4 83} @
withdrawal of currency from this centre in a consider 4 84 for long, 4 87}@ 4 87} for short and 4 87f@
able amount the current week. It is possible that this 4 88 for cable transfers. Ou Tuesday a reduction in
movement may be continued. Whether it is or posted rates by the Bank of British North Amer
not, next week the banks will be preparing for ica, Ileidelbach, Ickelheimer & Co. and Lizard
their first of January payments, which will very Frere3 made them uniformly 4 84} for sixty-day and
likely add to the advance already established. 4 88 for sight and the market was still easier in the
The amount of gold obligations paid at the Sab- absence of demand and rates for actual business were
Treasury with legal tenders this week was $900,000. one-quarter of a cent lower at 4 83}@4 83} for long,
The net gold in the Treasury continues slowly to 4 87@4 87} for short and 4 87}@4 87f for caom trans
increase. The amount officially reported on Friday of fers. The tone was steady on Wcdaeaday and there
last week was $134,000,300. The amount so reported was no change either in posted rates or in those for
on Thursday this week wa3 $134,725,781.
actual business. Thursday likewise there was no
Tn« foreign exchange market has been easier this change. The following shows the daily posted rates for
weak, influenced by a lighter demand and by offerings exchange by some of the leading drawers.
DAII-T POSTED RATES FOR FOREIGN EXCHANGE.
of mituring long sterling for delivery at the end of the
year and early in January. Some of this, it is reported,
FBI..
Mo n .. TUK8.. W ed .. T h o r .,
F r i ..
Dec. 18 Dec. 21 Dec. 22. Dec. 23. Dec. 24 Dec 25.
has been sold at a small fraction over 4 87. There
84*
84*
*4 *
(60 days.
84*
84*
S9»%-8
88
88
is now very little of the sterling which was bought $rown Broa....... 1Sight.... 88*
88
64*
f 60 days.
8 4*
8 4*
81*
S t*
faring.
early ia November yet to come in, for these purchases
88
88
88
88
StLwonn St Co.. XS ight-..
88
85
85
8 i*
84*
5 60 days.
84*
British
did not begia to be large until after the first week in tank
88*
68
88
83*
68
No. America.. XSight....
w
84*
84*
84*
84*
o
S60 days.
81*
that month. There was no gold sent to Germany on
88
>■8
88
88
88
M ontreal........ \ Sight....
84*
84*
8 4*
84*
84*
3
Bank (60 days.
Tuesday. One reason assigned was that there was anadtan
86
W
88
88
88
ef Commerce.. 1 Slghi....
!>
*4
8 4*
85
85
84*
84*
Ick- 160 days
«ome doubt about the consignment reaching Birlin Jeideloacn,
08
8 8*
88
88
elheimer Sc Co <Sight—
ss*
84*
days.
85
85
8 4*
84*
before the end of the year so as to be available for aaard Freres... (60
88
8o
( Sight—
8 8*
8 8*
84 *
1.4*
84*
settlements at that period. A better reason probably 4erchants' Bk. i 60 days. 84*
64*
86
88
88
68
88
of f^vuada....... XSight—
was that the bdls could not be sold so as to make the
The market closed steady on Tnursdty at 4 84}
transaction profitable. Tnere was a fall of one-quarter
for iixty-day and 4 88 for sight, and rates for actual
of a cent in rates for actual business in sterling on
ousiness were 4 83}@4 83} for long, 4 87@4 87} for
Monday and Tuesday, wnile Continental exchange
short and 4 87}@4 87} for cable transfers; prime com
was a shade easier. The cable on M >nday reported a
mercial bills were 4 83@483} and documentary 4 82}@
higher open market price for gold in London at 77
4 83.
shillings 11} pence.
The following table indicates the amount of bullion
Money on call, representing bankers’ balances, has
in
the principal European banks this week and at the
loaned generally at 2 percent this woek, and as very
corresponding
date last year.
few loans have been made at 1} per cent, the average
was about 2 per cent. Banks and trust companies
Dec. 24, 1896.
Dec. 26, 1895.
Bank of
quote 2 per cent as the minimum. Time contracts
Silver.
Silver.
Total.
Odd.
Gold.
I otal.
have been a little more firmly held. Rates are 3 per
£
£
£
£
£
£
33,609,727
33.S09.727 43,682.321
43.632.321
cent for sixty to ninety days, 3 } for four and 4 f or fi ve England........
77,128.555 49.343,726 126.4 72.2si 78,519.830 49.506 965 128.110,795
Trance..
28.161,700 14.08\850 42.242.550 29,757.801 14.650,199 44,408,000
to seven months on good mixed Stock Exchange German >*
■Li-.. AA^ng’y 30,5:0,000 L2,613,000 43.183,000 24,102.000 12.775.000 37.177.000
collateral. Business in commercial piper is quiet. Ipaln............ 8,528.000 10.440.001 18,968,001 8,<>04 ( 00 10 490,000 13.494.000
3,7 L7. »Oo 0.86 *.000 10.577,000
2,634.00* 6.849,000 9,483.001
Netherlands
This is the season of the year when very little new Nat.
2.721.333 1,300,667
4.082,000
Belgium* 2.777.833 1,368.667 4,160,00
paper ia made and the offerings are therefore light, fet.this wee* I83.609.S15 94.715.213 278,324,558 190,754.285 95,7 32 -<31 286,487.116
while at the same time the demand is small, few or Pot.ore? ir’ S 184.937,673 94,392,949 279.380.622 190,*94.069 95,069.068 280.563 737
* T h e d iv isio n (b etw een g o ld and silv er) giv en ia ou r tab le o f o o in
none of the banks being in the market. Brokers look and
b u llion in tlie B ank o f G erm any and the B tan: o f B elgium is m a d e
for a more active business after the beginning of the fro m the b e st estim ate w e a re a ble to o b ta in ; in neith er ca se is it;
New Year. R ites are 3 }@ 4 per cent for sixty to ninety cla im ed to b e a ccu ra te , as those ban ks m ake un d istin ctio n in t h e i r
w eek ly retu rn s, m erely re p o rtin g the to ta l gold and silv er, but w e
day bills receivable; 3 }^ 4 £ per oent for first class and believ e the d iv isio n we m ake is a close a p p roxim ation .
No t e . - W o re ce iv e the fo r e g o in g resu lts w e e k ly b / ca b le , and w h ile
per cent for good four.to six months single
no al o f th e d a te g iv e n a t the head o f this oolu m u , th ey are the r e names.
tarns issued nearest to that d a te —that is, the la test re p o rte d dgurea.
Thirre has been no feature of importance in the
The following statement gives the week's movements
Europ-an financial situation this week. The Bank ol of money to and from the interior by the New York
E g lu d 's minimum rate of discount remains un banks.
changed at 4 per cent. The cable n ports discounts ol
Net Interior
Received by Skipped by
Week finding Dec. 2 1 ,1880.
sixty to ninety-day bank billsin London 3 }@ 3 } percent.
Movement.
N. F. Banks. N. Y. Bnnks.
The open maiket rate at Ptris is 2 p> r cent, at Berliu U arrency.............................................. $5,542,000 $8,400,000 Loss.$2,948,000
411,000 Loss.
80,000
322,000
it is
per cent and at Frankfort 4} per cent. Ac •aid ......................................................
cording to our special cable from London the Bank of ‘ Total golil anil legal tenders...... $5,864,000 $8,^01,000 Loss.$3,037,000
1134
THE
CHRONICLE.
(VOU LXIII,
With tUe Sub-Treasury operations the result is as • -ed a good part of the loss. Fears which had justly
been expressed of an outbreak by the Spanish Govern
follows.
ment or populace, such as should render war inevitable,
Out of
Net Change in
Into
Week Ending Dec. 2 4,180«.
have passed away; Europe quite generally has a c
Bank*.
Bank Holding*.
Bank*.
Banks' Interior m oronic at, as Above $5,864,000 $8,901,000 L098.S3.037,000 cepted Mr. Olney’s statement as the official outline of
900,000
Sib-Treaourjr operations................. 12,500,000 13,400,000 Loss.
the nation's policy. The people of this country as a
T otal gold *nd lo * » l t e n d o n ...... *18,301,000 $22,301,000 Loss.*3,937,000
rule read the Administration’s declaration with a sigh
of genuine relief. As for the Senate, it has acted as
THE E X E C U T I V E A N D CONGRESS.
though completely stunned by the President’ s response.
We took occasion to point out two weeks ago the On Monday when the Cameron resolution was re
numerous reasons why the President's attitude regard ported from the FKeigu Affairs committee, its author
ing Cuba was proper and justifiable. Such evidence hurriedly propose! that it be tabled until next month's
as has come to hand since that time indicates that the session. An effort among supporters of the resolution
intelligent portion of the public shares our views. to denounce Mr. Olney’ s declaration on the floor of
The reputable press in particular, both at New York Congress was first ruled out of order, then postponed
and elsewhere in the country, has counseled conserva a day, and at last abandoned. The entire discussion
tism and steady observance of the precedents of in has been quietly laid over until January.
We think the Senators were wise in thus deferring
ternational law. With the public as a whole there is
undoubted sympathy for the insurgents, but this is their debate, and we strongly suspect that neither the
accompanied by very few demands for aggression by anticipated majorities f >r the Cameron resolution nor
our Government. The question, in short, has nar the speeches denouncing M-. Olney’s attitude will fig
rowed down, even in the average ci izen’ s mind, to the ure in next month’s “ Congressional Rscord.” T h e
inquiry whether the Uaited States wishes a war with Sena'ors are, in fact, confronted with the, danger
Spain and whether it regards the circumstances as dreaded mo3t of all by American public men— the
warranting sueh a contest. To these two simple and danger of becoming publicly ridiculous. T h i President
inevitable questions the answer is almost uniformly in has, in any casa, the advantage of position. Congress
may advise, recommend, command; the Executive
the negative.
This temperate attitude of the general public is of alone can act. Unless, therefore, Congress is incon
the greatest possible importance in view of the new testably right in the policy which its resolution urges,
and startling phase which the Cuban question has this and unless that policy has the absolute approval of the
week assumed. We referred a week ago to the action people, protest and censure will be mere exhibition of
of the Senate Foreign Affairs committee in adopting, by impotency. A somewhat similar collision b stween the
a practically unanimous vote, the Cameron res elusion. Senate and the Executive Department in 1833 had
This resolution recognized the independence of “ the results of which the present Senators would hardly
Republic of C u b a i t was so framed as to require the wish to invite a repetition. The merits of the question
signature or veto of the President. The advocates of in dispute on that occasion were as much against Presi
the extraordinary measure publicly announced their dent Jackson as the merits of the Cuban question are in
expectation of a veto, bat declared with equal posi President Cleveland’s favor. The greatest statesmen of
tiveness that they were sure of the two thirls majority the day were formally ranged against the Executive of
requisite to pass the resolution over such a veto. Tais 1833, Bat on the question of Executive prerogative,
being done, they confidently argued, the measure Jackson’s position was impregnable, and he had the
would become a lav. It might mean immediate war public on his side. The outcome was the absolute
with Spain; the most respoisible opinioa was that confirmation of the President’s authority and the total
this would be the consequeaci. But in any case, sup defeat of his Senatorial opponents. A similar contest
porters of the Cameron resolution reasoaed, the Presi now, with the President’s logical advantage even
dent mu3t carry out its terms regardless of the coase greater, will hardly be invited by a prudent legislator.
quenees.
There are, moreover, very obvious signs that the
The response of the Executive Department to this public disapproval of their course has not passed un
action of the Senate came very promptly. In a public noticed by the Senators. Of quite as much import
interview given out last Saturday afternoon, the Sec ance is the fact that responsible authorities on law
retary of State quietly declared that in the matter of and precedent are unanimous in approving the stand
recognizing an independent State Congress has no of the Administration on the question of Cuban recog
power whatever to bind the Executive Department. A nition. Mr. Olney’s course in announcing through
measure such as the Cameron resolution, Mr. Olney the newspapers that the Cameron resolution could
proceeded, “ can probably be regarded only as an ex have no effect was an unusual step, and at ordinary
pression of opinion by the eminent gentlemen who times would of itself invite criticism.
Ex Senator
vote for it in the Senate, and, if p assed by the House, Edmunds, however, one of the foremost living authori
can only be regarded as another expression of opi d m ties on constitutional law, and himself politically op
by the emit ent gentlemen who vote for it in the House posed to the present Administration, declared in a pub
of Representatives.” Unless, therefore, the Secretary lic interview on Sunday that “ Secretary Olney not only
concluded, the President should find reason to revise acted properly, but that it was a patriotic duty for
his already expresssd opinions, “ the resolution” — even him to make the statement he did.” “ The right of
if passed by both houses over a veto—“ will be without Congress,” Mr. Edmunds is further quoted as observ
effect and will leave unaltered the attitude of this ing, to “ recognize the establishment of a new State
Government.”
in the family of nations against the judgment of the
The effect of this blunt and forcible statement of Executive branch is extremely doubtful, and to do so
the case has been remarkable. The financial markets, would, under existing circumstances, necessarily pro
which on Friday were passing through a preliminary duce evils the extent of which can be hardly over-esti
convulsion, righted themselves immediately and recov- mated. ’
D ecember 26, 1896.]
THE
CHRONICLE.
113£
Tne truth of Mr. Elmunds’s closing words will be insurgent G-overnment of Chili, the Executive has
manifest to any one who reflects upon the actual situ claimed and exercised without dispute the privilege
ation in case the Administration had conceded freely now challenged by the Smators. Precedents are in
the tight of Congress in the premises. To say that voked by the opponents of the Administration, where
Congress is no proper quarter in which to repose such the Executive, ai in President Ttylor’s action in the
final authority implies no necessary disrespect of House eise of Hung try, hai referred the whole matter to
or Senate. Power of recognizing independence of a Congress for decision. Bu such precedents have no
foreign nation, or a state of war between foreign bel bearing on the general principle. It is one thing for
ligerents, is eqaally denied to the British Parliament; an administration to consult with Congress on a diplo
it has been denied, tasuly or expressly, to every legis matic question, or to submit its judgment voluntarily
lative body, with but one exception, in modern times. in a given case to a vote of Congress ; it is a very dif
The perfectly obvioi3 reason for such reservation of ferent thing for Congress to assert the permanent right of
powers to the administrative branch of government is dictating the administration’s action in such questions.As we have said, it is our judgment that the contro
that the intercourse of nations]and observance of the
rules of international law cannot possibly be entrusted versy is already virtually at an end. We cannot con
to m j irity votes in a popular anemblage. The ex ceive that even the most aggressive anti-Administration
citement of a moment, a turn of party strife, the Senators will raise next month a question over the
speech of a seductive orator— any such influence might privilege of the Executive. If they are foolish enough
serve to overturn the settled rule and policies of centu • to enter on such an undertaking they will encounter
ries. A nation governed thus in its delicate relations sure defeat in both Houses of Congress and will not
with other powers woull spoeiily become what rev Ju escape their share of public ignominy. The sobertionary Franci became when it trial precisdy that ex minded people of this country are in no patient mood
periment— in outlaw in the cimmunity of modern over these gratuitous blows at public confidence. Exminister Paelps expressed the truth exactly in his
States.
Senator E Imunds's view is fully sustained by another speech to the New England Society last Tuesday
high authority. “ The power,” Judge Cooley said in when he said: “ We want rest and peace. We want no
an interview this week, “ torecog iizi bolligerency of foreign wars of our own seeking. However glorious it
a government alleged to be de facto mas; devolve might be to become the bully of the world, we must
upon the Executive power;” and he aided, in li te witn postpone that gratification until we set our own houso
______________________
what we pointed out in these columns two weeks ago, aright.”
that even the Executive “ can recognizt no belligerent
governm-nt until the fact is made clearly known to it MR. L IT T L E A N D THE B A L T IM O R E & OHIO
OAR ACCOUNTS.
that there is in existence a government maintaining
itself a d enforci lg its authority against any other.”
We have received from Mr. Little the following let
The b- aring of this statement on the case of Cuba is ter concerning our comments with reference to one of
too obvious to need remark. The long report, sub the items contained in his report on the Baltimore &
mitted by Senator Cameron last Monday from the Ohio, and which report we* reviewed in our issues of
Foreiga Affairs committee to the Senate, utterly fails D cember 12 and December 19.
47 W illiam Street ,
)
to cover the situation. That document is a review of
New Y ork , December 22, 1896. J
intervention by foreign governments in the case of in
Editor o f the Commercial and Financial Chronicle:
surrections. It merely proves that foreign governments
Mr Dear Sir
In your issue of the 12th inst., reviewing
have intervened by force on a number of such my report on the financial affairs of the Baltimore & Ohio
Company, you distinctly charge me with neglect to
occasions, a fact vhich nobody has ever dispute! and Railroad
state “ that large contributions out of surplus earnings year
which has no bearing whatever on the question now at by year for the purchase of new equipment through car
trusts ” were made by that company. A week’s refleotion I
issue. If the Uaited States were to see fit to invade had
supposed would have convinced you of your error and
Cuba with its armies nothing could prevent it but op led you to correct it of your owa volition On the contrary,
posing forces or its own consideration of the conse I find that you reiterate the charge in your issue of the 19th
inst , thus compelling me to demand its retraction. If you
quences. Under the same restrictions, nothing stands had taken the trouble to look into the balance sheet forming
in the way of our invading Ireland, if we choose. part of my report, you would have found arrayed among the
assets of the company these very additions to its equipment
But it is carious logic which infers from this the right for the period covered by mv examination. The amount is
to recogoiz-rA few insurgent guerrilla bauds as an or- not $3,717,909, as you put it, but $3,044,658 61, as follows,viz. :
Equipment o f B. & 0. Car Trust —
ganiz d republic. Professor Woolsey, of Yale, a high
$28,952 56
No. I Account betterments...........
authority on international law, states clearly, in an in Series “ A ,” .....................................
602,598 44
41,633 72
“ “ A” account betterments..
terview of last Monday, that a resolution such a3 thit
1,000,000
00
“ “ B” . ....................................
of the Senate Foreign Affairs committee is either an
6,812 19
“ “ B” account betterments..
996,752 21—$2,676,749 13
absurdity or an act of hostility to Spain. It either B. & O. EquiDmeut Company.. . .
Purchase o f Cars—
recognizes, out of sympathy, something which clearly Montana Coal & Coke C o ...........
$46,779 20
25,688 61
doe3 not now exist, or else it is a gratuitous provoca West Fairmont Coal & Coke C o ..
87,043 58
Yough. River Coal Co..................
tion to a friendly government. That the Administra George’s Creek Coal & Iron C o ...
35,733 76
78,903 57
tion, which is rightly held responsible for this Consolidation Coal Co...................
1,288 65
Merchants’ Coal Co.........................
country’s general relations with other powers, should W. J. Chapman.............. ...............
12,068 58
39,531 95
even by silence incimite its willingness to be forced Colo. & Hocking Valley C. & I. Co.
40,866 59— 367,909 49
Gaston Gas Coal Co........ ........... .
into such an attitude, wrs utterly out of the question.
$3,044,658 61
The truth is that constitutional law, the commonFrom
this
it
must
be
apparent
to
your
readers
that
I neither
sense of all ages and peoples, and the precedent of our
neglected to state the amount, nor challenged, as you seem to
own history, unite in confirming the position taken by imply, the propriety of its capitalization,
Yours very truly, Stephen L ittle .
Secretary Olney. From President Washington’s recog
The statements in the foregoing are so remarkable
nition of the ambassador of revolutionary France down
to President Harrison’s recognition of the victorious and extraordinary that we hesitated considerably as to-
1136
THE
CHRONICLE.
whether we should give serious consideration to them.
On reflection, however, we have concluded that we
owe it both to Mr. Little and ourselves to set him
right.
It will be observed that Mr. Little takes exception
to our remark that in his report in criticising the
B. & 0 . for charging depreciation of equipment to
profit and loss he omitted mention of the fact that the
company had made “ large contributions out of sur
plus earnings year by year for the purchase of new
equipment through car trusts.”
This assertion of
ours he says is in error, and he supposed we would
‘ •'correct it of our own volition,” but having
failed to do so he feels compelled to “ de
mand its retraction.”
But it is a fact, never
theless, that Mr. Little omitted all mention of these
car trust payments out o f surplus earnings either
in connection with h.is discussion of the charge for
depreciation of equipment or anywhere else. The otnis
sion, too, is a serious one, and impairs the value of his
criticism. Mr. Little, it will be remembered, found
fault with the bookkeeping methods of the B. & 0 .,
and cited the equipment charge to profit and loss as
one of the irregularities in its system of accounting
and also as one of the causes for its embarrassment and
downfall, lie characterized the item in very severe
language, calling it (in big type) “ The Mischarge
of Worn-Out Equipment to Profit and Loss in
stead of Income,” and stating the amounts sep
arately for each year and also the aggregate for
the whole period, this latter being reported at
$2,843,596.
But while thus in this broad and unequivocal way de
nying the propriety of the charge in question, he gave no
hint or intimation in the report that there was another
side to the matter— that the charge for depreciation of
equipment, which he criticises, cunprises only part of
the story of the treatment of the equipment accounts,
that there is another part which changes entirely the
aspect of the matter. In other words he failed to
say in his report that though the company had
charged depreciation of equipment to profit and
loss instead of to income, it at the same time
took a very much larger sum out of earnings
in payment of maturing car trusts, thus making good
the loss. The aggregate of these car trust payments
out of earnings is nowhere stated, nor indeed is any
allusion or reference, direct or indirect, made to them
in the report. It will be readily seen that in present
ing the situation in this way Mr. Little gave an en
tirely erroneous impression of what the company had
been doing.
But in the above letter Mr. Little tells us he did
mention the e»r trust payments. Wnere ? In the
balance sheet. Here is his language: “ If you had
taken the trouble to look into the balance sheet forming
part of my report you would have found arrayed
among the assets of the company these very alditiona
to its equipment for the period covered by my exam
ination.” We might perhaps be justified in replying
to this intimation of a lack of familiarity on our part
with the balance she9t that before undertaking to re
view Mr. Little’s report we examined critically every
one of the 432 items entering into his comparative
balance sheet. But let that pass.
Before setting out the nature of the ear trust items
to which Mr. Little directs attention, we will say that
if it were true, which it is not, that t e b dance sheet
showed the amounts of the appropriations out of earn
[V o l .
L3.III,
ings, that circumstance would avail nothing in support
of Mr. Little’s contention that he had not omitted
mention of the same. The proper place for presenting’
the facts with regard to the equipment payments was
in the text of the report, where the propriety of the
charge for depreciation of equipment was discussed.
The two matters belong together. To give only one,
and that with unusual prominence, and to ignore or
withhold from view the other, and to say that the facts
concerning it might be learned from a table in a re
mote part of the report— that, in our view, would
hardly in any event meet the requirements of the
case.
As a matter of fact, however, the balance sheet as fur
nished by Mr. Little does not show the amounts of the
car trusts paid out o f earnings; nor can these amounts
be ascertained from the balance sheet by itself, elab
orate though that is. It is true that the equip
ment acquired through the car trusts appears as assets
in the balance sheet, though there is one prominent
exception to this, as we shall presently show. But car
trust payments may be made either from earnings or
from capital. Ia perhaps two cases out of three where
such items appear in the accounts of a road, they rep
resent outlays from new capital. The balance sheet
which Mr. Little has constructed does not inform us how
the payments were made in the B. & 0 . case—whether
in tbe one way or the other, and that is the gist of the
whole matter.
Our criticism was not that the
equipment payments did not appear as assets
in the balance sheet, but that, appearing as
assets, Mr. Little neglected to state that large
parts of the same had been paid for with moneys taken
from earnings. The balance sheet is of course nothing
more than a transcript of the various items appearing
in the company’s ledger. Mr. Little found the car
trust payments recorded as assets on the books and
hence entered them in the same way in his statement
of the accounts. Bat he attempted no analysis of
them. They are not described in any way, there is no
foot note or explanation to acquaint us with their
nature and character, and indeed nothing to show that
any, or all, or none of the payments were made out of
earnings.
In truth we are forced to conclude that Mr. Littledoes not know which or how much of the acquisitions
of equipment were charged against revenue and which
or how much against capital. We say this is the con
clusion because many of the items which in his letter
above he charges against earnings did not come out of
earnings at all but were paid from capital. In
giving our total of the payments from earnings we
were careful to say that the amount was independent
of the acquisitions paid for in other ways, but Mr.
Little has simply taken all the car trust payments
which he finds as assets on the books and assumed
that every one of them had been charged to revenue
account. Even then he does not get a total as large as
ours (the reason being that all the items of payments
for new equipment do not appear on the credit side of
the account), and hence he assumes that we are wrong,
saying: “ The amount is not $3,717,909, as you put it,
but $3,044,658 61.” Our total is absolutely correct,
and in proof we furnish the following statement, show
ing how the amounts have been distiibuted through
the different years and also on behalf of which of the
various series of car trusts they were made. Tbe fig
ures can be easily verified by reference to the com
pany’s annual reports, except those for the five months
December 26, 1696,]
THE
CHRONICLE.
to November 30, which have been derived from Mr, Total payments as given by Mr. Little
Deduct for items erroneously included
Little's report:
Car
trust
bonds.
Year ending
Sept. 30—
Series
A.
Series
B.
1889................
1890
......
1891
......
$100,000
100,000
Nine mos. to June 30—
1892
......... $250,000 $100,000
Year end. June SO—
1893
.......... $250,000 $100,000
1894 ..................
250,000
100,000
1895 ..................
250,000 100,000
Total. . . .$1,750,000 $600,000
f tve maf. to
SO—
1895...............
Nov.
$200,000
$200,000
200,000
200,000
$800,000
1137
$3,044,658 61
by Mr. Little and which were not
Wheelage
paid out of income:
car trust No. 1 Account betterments................... $28,952 56
payments. Series “ A ,” Excess over $600,000........... 2,598 44
“
“ A .” Account betterments......... 41,633 72
“
“ B,” Account betterments......... 6,812 19
B. & O Equipment Company.............. 996,752 21 1,076,749 13
, , . B'ilance.............................................
$1,967,909 49
Add for payments out of income
omitted by Mr. Little:
$86,653 34 Car Trust of 1887, due 1897 ..................
1,750,000 00
99,288 72
113,606 2t
$3,717,909 49
Result................................................
$299,548 27
Here again we get the same result, namely $3,717,-
300,000
63,361 22
Total . . . . .$1,750,000 $600,000 $1,000,000
$367,909 49
Grand total................... ...................................
$3,717,909 49
909 49, confirming the figures first reached by us. If
therefore we do not comply with Mr. Little’s “ demand’
for a “ retraction,” it is because there is nothing to
retract, our figures and statements being in need of no
qualification, modification or revision in any particular.
It only remains to add that in these equipment pay
ments we are not dealing with matters of judgment or
opinion but exclusively with facts and figures.
This is the third article that we have printed regarding the Baltimore & Ohio since the appearance of Mr.
Little’s report, and we fear that some of our
readers may get the impression that we are trying to
defend the old B. & O. management or to express ap
proval of all of its acts. Nothing could be farther from
our purpose. We showed in our first article in
what particulars this management seemed open to
criticism. As there stated, some of their acts appear
indefensible on any ground. In the whole discussion
we have undertaken simply to deal with Mr. Little s
facts and figures and the application and use he has
made of them. And it has been a matter of deep regret
to us that we have felt ourselves obliged to take issue
with him on so many points.
It will be seen that the final total agrees precisely
with that given by us in our issues of December 13 and
December 19, namely $3,717,909 49. The reason why
this differs from Mr. Little's aggregate of $3,044,658 61
is that Mr. Little has (among other things) omitted
altogether the largest of the series of the car-trust pay
ments made out of earnings— we mean the $3,500,000
car trust of 1887, in redaction of whicn a quarter of a
million dollars has been appropriated out of earnings
each and every year. This car trust antedates the
M ayer management, and was entered on the books in a
different way from all the other car trusts. Because
of this difference in method the payments made
on account of that car trust cannot be found
in the assets, bnt must be sought on the other
side of the account in a diminution of the outstand
ing liability on such car trusts. Ia 1888 no less than
•2,250,000 still remained due on that purchase of cars;
November 30 1895 only $500,000 remained to be paid,
showing a reduction in the interval of I f million dol
lar-). Tnis I f million dollara, which was taken wholly
from earnings (it being regularly noted in the income COM PETITION OF F O R E I G N W ITH B R I T IS H
account on the first page of the company’s report), M ANU FACTU RES I N B R I T IS H C O LO N IE S*
M a n c h e s t e r , Dec. 16, 1896.
Mr. Little, as stated, has left entirely out of his com
putation above—showing how far astray he i3 when he
An opportunity is now being given in Manchester of
argues that the car trust payments out of revenue testing, to seme extent, the soundness of statements
can be found “ arrayed among the assets of the which have for some time past gained notoriety that
company."
British manufactures are being displaced ia the mar
But besides this, as already pointed out, Mr. Little in kets of the world by those of foreign, and particularly
cludes in the table in his letter a number of items that of German, origin. In November 1895 Mr. Chamberdo not belong there. Take the first item, namely the lain, the Secretary of State for the Colonies, dispatched
“ No. 1, account betterments;” this was not paid out of a circular to all the colonial governors, calling for in
earnings at all but out of the general funds of the com formation as to the extent to which the alleged
pany—that is, from capital account. The second item, displacement has taken place, and for samples of
called “ Series A ,” for $602,598 44, is also in part the competing foreign goods said to have been
erroneous ; $600,000 was paid from income ; the other preferred to British. In response to this call a collec$2,598 44 represents the excess of equipment above Gion of exhibits forming a first instalment has been
the amount contracted for, and the money for this received, and is now being shown in the rooms of the
was provided from capital account. The “ Series Manchester Chamber of Commerce. Id embraces con
A, account betterments,” for $41,633 72, also did tributions from tbe West ladies, Victoria (Australia),
not come from earnings.
The same is true of Lagos (West Africa) and Cyprus. Tae articles repre
“ Series B, account betterments,” for $6,812 19. sented comprise textiles of many kinds, made-up cloth
Furthermore, the item “ B. & O. Equipment Company” ing, boots and shoes, cutlery, hardware, glass and
for the large sum of $996,752 21 is likewise out of glassware, and pottery. For the most part the samples
place in the statement, the money for such payments are of German or Austrian production, but a consid
erable number have been made in the United States,
having been derived from capital account.
In brief out of the six items first given by Mr. and a few are of French, Swiss, Japanese or Belgian
Little one is partly wrong, four are entirely wrong origin. German goods appear in all the Colonial lists
and bat one is altogether right. Revising his figures except that of Bermuda and the Bahamas, from which
in those particulars and adding the $1,750,000 car trust the only specimens are of American manufacture.
payment overlooked by Mr. Little, the showing is as These last are, however, extensively represented in all
* C om m u n icated b y o u r sp e cia l co r re sp o n d e n t a t M a nchester, E n g
follows;
1138
THE
CHRONICLE.
the West Indian collections as well as in that from
Victoria.
Many manufacturers and merchants have visited the
exhibition, aDd their remarks upon it are interesting
irce they proceed from men who in the various d e
partments are practically conversant with the qualities
and prices of the goads, as well as with the markets
from which the samples have been sent home. The
prevailing impression produced on their minds is that
British industry and trade have not much to fear
from foreign competition in the colonial markets,
although it is recognized that, in a few instances, the
foreign article holds its ground for good reason.
.Usually, however, the reason is connected with special
circumstances which have long been in existence or
with temporary or intermittent conditions such a?,
in ail branches of trade, whether home or foreigo,
are constantly causing minor changes in its direction
or volume. The proximity of the West Indies to
the United States, as well as the established reputa
tion of certain American giods, such as ag icultural
implements, a few descriptions of hardware, and cotton
drills, may be regarded as permanently favorable to
the sale of these commodities in that part of the world.
On the other hand, the American cotton prints bear
signs of havibg been exported simply as temporary
surplus productions, the patterns being those which are
largely sold in the United States, and not especially
adapted to the taste of the bulk of the population in
the West Indies. The samples of American manufac
tures sold in Victoria are confined to ironmongery,
tools and a few descriptions of stationery. It is in
these classes of goods that German productions appear
to come most closely into competition with the manu
facturers of the United States, both in Victoria and in
the West Indies.
The striking feature of the exhibition is the ap
parent ubiquity and the variety of German manufac
tures.
Almost without exception their quality is
very poor and not infrequently a careful scrutiny of
-quality and price has revealed to experts that British
goods are actually being sent to the same markets at
prices which, quality for quality, are quite as low as,
and occasionally lower than, those of Germany. Of
high or even moderately high-class productions hardly
.any specimens of German origin exist in the whole
collection. Indeed, as far as it goes, the exhibition
confirms the opinion entertained widely by experienced
and thoughtful merchants and manufacturers in this
country, that the alarmist statements which have for
some time past obtained wide circulation in the news
papers as to the growth of German competition are
enormously exaggerated or wholly unfounded. .
These statements have rested to a large extent upon
apparently good authority. The reports not only of
British but also of American and French consular
agents have referred to the unwonted activity of Ger
man commercial travelers, their perseverance, their
readiness to take orders for trifling quantities of goods,
the low prices they accept, the easy terms of payment
which they grant, and— in a word— their willingness
to meet every desire of the buyer in order to get hold
of his orders. Testimony of this kind, coming from
many quarters, must of course be at once accepted.
But those who furnish it can bear witness only to what
they see. Y et there are other facts and considerations
of which they cannot be expected to be cogoizant.
A nd certainly it is going too fast to jump to the con
clusion that Germany is really making the wonderful
rvoL. Lxm,
progress towards becoming the leading exporter o f
manufactures amongst the great industrial nations..
There are several considerations which may well in
spire a cautious, and even a doubtful, attitude towards
these statements.
In the first place they are not warranted by the
official statistics of the exports of German domestic
productions in recent years. The following table shows
for each completed year since 1886 the total exports of
these.
EXPORTS OF GERMAN PRODUCTIONS.
1887
1888
1889
1890
1891
............................£ 1 5 6 ,7 6 5 ,0 0 0
........................... 1 6 0 ,2 9 5 ,0 0 0
.......................... 1 5 8 ,3 3 5 ,0 0 0
.......................... 1 6 6 ,4 0 5 ,0 0 0
.......................... 1 5 8 ,8 0 5 ,0 0 0
1892
1893
1894
1895
................... £ 1 4 7 ,7 4 5 ,0 0 0
..................
L 54.650.000
.............
1 4 3 ,1 3 0 .0 0 0
.
1 6 5 ,9 0 5 ,0 0 0
In scanning these figures it must be remembered
that in 1892 Germany very wisely entered into im port
ant commercial treaties with her neighbors, A u stria ,
Italy, Switzerland and Belgium, the very object o f
which was to extend her markets for manufactures
abroad. A similar treaty has since been concluded
with Russia. It is well known th it very im portan t
advantages to all the nations concerned in the arrange
ments have ensued; that the exchange of industrial
productions between them has been substantially en
larged, and that Germany has accomplished the de
clared purpose she had in view, that of providing a
wider field for the employment of her manufacturing
population, which cannot find sufficient outlet for the
product of its energies in the Fatherland.
Again, within the last five or six years special n i l way
rates and special through rates of freights bv rail and
steamer have been arranged, with the aid of the G er
man Government, for merchandise sent from the inter
ior for exportation. Low freights from German porGs
have also prevailed; so low in leed that British mer
chandise is often sent round abeut to Hamburg for
trans-shipnent to various fe re ig i p>rts, because th9
total freight by that route is less thaa that required by
British steam rrs lines in direct c un nu lieati >n with
these ports in cases where the owners are co m b ia ei in
a “ conference.”
Still further, the e f wt of that
portion of the British Merchandise Marks Act of
1887, which requires the marking of the country of
origin on all goods bearing indications, even initials,
which might be mistaken for English nam?s or words,
has been peculiar. It has not only interfered greatly
and increasingly in recent years with the transit trade
formerly conducted through this country, but it has
also tended to throw demand into Gorman cfiaunels
which used to come to this country, buyers in neutral
markets having learnt to go to the Fatherland for
such goods as they found bearing the legend “ made in
Germany,” taking there also their orders for other
goods which they had been accustomed to obtain in
the U nited Kingdom .
But in spite of all these changes, most of them highly
favorable to the expansion of exports from Germany,
there is no evidence in the figures just quoted of any
such enlargement as might be expected from a reading
of the consular reports, or an unquestioned acceptance
of the alarming statements made in the newspapers.
Moreover, the reports received at the Colonial Office
go to show that the consumption ot German manufac
tures in British colonies is not further increasing, and
that on the whole it is tending to decrease. It may be
expected, therefore, that future statistical returns o f
the outward trade of the colonies will show how far the
alleged great increase of German imports in recent
years is substantiated and how far it has been arrested.
D ecember 26, 1886.]
THE
V A N D E R B IL T
THE
WESTERN
CHRONICLE.
ROADS.
1139
LAKE SHORE <fc MICHIGA.N SOUTHERN’S INCOME.
Dividends per Share
Operating
The returns for the calendar year (partly estimated
Fixed
Gross
Net
Years.
o f $100.
Earnings. Expenses Earnings. Charges.
of course) o f the Lake Shore & Michigan Southern
and Taxes.
Earned.
Paid.
and the Michigan Central reflect pretty well the gen
*
»
t
$
*
*
1870............. 13,509,236 8,368,821 5,140,415 1,828,897
9 00
8 00
eral conditions ruling on the trunk lines during the 1871.............. 14,898,419
9,779,800 5,118,043 2,121,164
8 37
8 00
8 00
twelve months. Business, as we all know, was exceed 1872.............. 17,699,935 11,839,526 5,880,409 2,201,459 8 55
1873.............. 19,414.509 13,746,593 5,667,911 2,654,500
6 10
4 00
ingly depressed the last half o f the year, and this 1371............. 17,146,131 11,152,371 5,993,760 3,008,193 6 04
3 25
1875.............. 14,134,199 10,531,501 3,902,698 2,810,294
2 20
2 00
was a serious adverse feature.
The iron trade 1876.............. 13,949,177
9,574,836 4,374,341 2,759,989
3 26
3 25
suffered from the depression perhaps worse than any 1877.............. 13,505,159 8,963,960 4,511,193 2,775,657 3 57
2 00
1S78.............. 13,979,766 8,480,6 U 5,493,163 2,718,792
4 00
5 61
other industry, with the effect of causing a very 1879.............. 15,271,492 8,934,524 6,336,908 2,754,988
7 24
0 50
1880.............. 18,749,401 10,418,105 8,331,356 2,750,371
11 28
8 00
great contraction in the shipments of many leading 1881..............
17,971,391 11,278,429 6,692,962 2,725,375
8 02
8 00
items of freight— coal, ore, etc. The Vanderbilt roads 1882.............. 18,225,639 11,057,807 7,167,832 3,027,000 8 37
8 00
1883.............. 18,513,056 11,001,851
7,511,802 3,493,806
8 11
8 00
would not be apt to feel depression in that industry to 1881.............. 14,843,584 9,133,522 5,710,062 3,720,670 4 02
5 00
the same extent as the Pennsylvania Railroad, which 1885.............. 14,133,506 9,287,537 4,845,909 3,867,456 1 98
1888.............. 15,859,455 9,731,622 0,127,833 3,712,978
2 00
4 98
grid-irons the coal and iron districts ; but with the 1887.............. 18,710,963 11,029,798 7,681,165 3,649,645 8 15
4 00
13,029,627 11,310,371 6,719,256 3,608.391
6 29
5 00
Lake Shore at least, the blowing out of so many fur 1888..............
1889.............. 19,187,196 12,847,451 6,039,745 3,423,469
0 50
5 00
naces must have been a circumstance of much import 1890.............. 20,965,760 14,220,481 6,645,279 3,344,735 6 67
6 00
1391.............. 21,431,387 14,632,670 0,798,711 8,359,251
6 95
6 00
ance, for that road's Ashtabula branch connects 1892.............. 22.415,382 15,803,190 0,012,192 3,375,361 6 54
6 00
23,683,933 17,123,913 6,502,020 3,365,376
0 46
0 00
directly with the iron and coal districts in Western 1893..............
18G4.............. 19,557.869 18,180,007 0,371,802 3,402,803
6 00
6 00
Pennsylvania, so that the los3 on that part of the 1895.............. 21,010,035 14,508,220 6,447,815 3,419,500 6 12
6 00
1896*...........
20.i05.932 13,823,594 6,382,338 S,360,COoJ
6 11
0 00
system from that cause must have been very consid
* R esu lts fo M J e e e m b e r p a rtly estim ated .
erable.
Both the Lake Shore and the Michigan Central have
On the other hand, there were also some favoring declared their usual dividends— the former 3 per cent
features. For instance, the new Joint Traffic Associ for the half-year, the latter 2 per cent— but the Canada
ation wa3 in operatiou the whole of the twelve months Southern has reduced its semi-annual distribution
and proved very beneficial. While it did not ensure to from 11 per cent to 1 per cent. The latter company
the roads high rates, it prevented that general demoral had been obliged in both of the preceding years to
ization which in the past has always been sure to occur draw on accumulated surplus in order to maintain the
several times during the year. Again, the grain crops 1J per cent rate. The following gives the combined
were good, both in 1895 and 1896, with the exception operations of the Michigan Central and the Canada
o f the wheat crop, where comparison the latter part of Southern since 1877.
1896 was with the arrivals out of the phenomenal COHBIXBD EARNINGS OF MICHIGAN CENTRAL AND CANADA gODTHHRN.
spring wheat crop of 1895.
Generally speaking,
Operating
Interest
Gross
Net.
Years.
"nd
though, it m iy be said that the advantage from the
Earnings. Expenses Earnings.
Balance.
and Taxes.
Eentnls.
large crops was not as great as expected, because until
$
$
$
$
$
the latter part of the year prices were very low, re 1878................................. 9,472,031 6,437,497 3,036,134 2,003,297 1,031.837
1879............................. . 10,410,795 7,147,083 3,363,112 2,013,155 1,248,957
tarding the movement of grain to market.
1880................................. 12,791,428 8,215,092 4,570,330 1,994,210 2,682,120
1881................................. 12,303,691 9,404,443 2,899,148 2,371,551
527,597
The Lake Shore in its statement shows a loss in 1882.................................
12,457,901 9,208,900 3,189,085 2,480,602
708,483
gross for the year as compared with 1895 of $810,103. 1883................................. 14,009,767 9,741,039 4,268,128 2,433,416 1,831,718
1884................................ 11,659,077 8,959,132 2,699,946 2.0 8,602
61,343
T h e Michigan Central on the other hand in its state 1885................................. 10,707,394 8,014,603 2,692.791 2,008.753
20,038
1896.................................
8,404,079
12,205,828
3,891,149
2,570,985
1,314,164
ment reports an increase of $167,000. The difference
1987 ............................... 14,164,490 9,875,246 4,289,244 2,535,930 1,753,314
in results in view of the large crops is easily suscepti 1888................................. 13,770,523 10.080,006 3,088,917 2.521,092 1,162,835
1889................................. 13,786,925 9,895,158 3,891,767 2,512,627 1,379,240
ble of explanation. We are not prepared to say that 1890................................. 14,490,712
10,731,754 3,768,958 2,454,332 1,304,620
the crop movement worked more to the advantage of 1891................................. 15,102,900 11,107,509 4,055,391 2,439,287 1,616,104
1892 ................................ 15.903,293 12,040,095 3,802,198 2,404,363 1,457,835
the Central than to that of the Lake Shore. The 1893................................. 16,178,031 12,287,792 8,890,239 2,401,804 1,488,435
1894................................. 18,684,013 9,144,108 3,439,905 2,401,184
effect in both cases would be to increase earnings. 1895................................. 18,051,420 10,183,231 3,468,189 3,402,201 1,038,721
1,065,988
.................
13,818,000 10,305,000 8,403,000 2,396,000 1,067,000
But as business depression was an offsetting disadvan 1890*
* Partly e stim ated .
tage, the fact that the Lake Shore was in position (in
the way already indicatad) to lose more from that
cause than the Michigan Central suggests why that T H E L E W C E N T R A L O F G E O R G I A S Y S T E M .
With the listing on our Stock Exchange this week
road’s return is much less favorable.
of
the securities of the reorganized Central of Georgia
Of course the changes in net earnings do not possess
very great significance ; both roads vary their outlays Company a new chapter is opened in the history of
for betterments in accordance with the state of their this important railroad property. We use the adjec
revenues, increasing these outlays when revenues are tive advisedly, for the road stands to-day, as it has
large and decreasing them when revenues are small. from the beginning, as one of the most prominent sys
The results for the year under review furnish a striking tems of the South. Among the first roads to be built
illustration of that policy. Thus the Lake Shore hav in the United States, it also had for a period of about
ing suffered a decrease o f $810,103 in gross earnings half a century a rare record of prosperity. Looking
reduced its expenses $744,636, leaving a loss in net of back now over its career, and noting the financial
only $65,477 ; and the Michigan Central having se vicissitudes from which it has recently emerged and
cured an increase of $167,000 in gross added $172,000 which made necessary the complete reconstruction of
to its expenses, producing a loss of $5,000 in net. the company, one cannot but reflect that the fortunes
The following shows the yearly results on the of corporations, like those of individuals, are subject
Lake Shore back to 1870. It will be observed that to great changes, and that the mutations of tim* often
notwithstanding very wide fluctuations in the gross, work wonderful transformations.
Readers of the C h r o n ic l e need not be told that for
the net in recent years has been kept almost con
a
long
time the securities of the old Central of Georgia
stant.
1140
THE
CHRONICLE.
(both stock and bonds) ranked among the choicest
and most highly prized investments to be found any
where. In the past, while the property was still dis
tinguished as a dividend-payer, we had frequent occa
sion to refer to its wonderful record in this respect.
Beginning with dividends in 1844 there were only two
breaks in the record up to the time of the final suspen
sion of dividends in 1893— namely for a short time
during the war and for a while after the panic
of 1873. Mr. W. A. C. Ewen, who has prepared
a brief historical sketch o f the property, shows
that in the period of forty eight years from
1843 to 1891, both inclusive, the company paid divi
dends aggregating 390’ 18 per cent, an average of over
8 per cent per annum for the whole period ; besides
this, stockholders of both the Central and the South
western received in 1880 a bonus of 61£ per cent in
certificates of indebtedness bearing 6 per cent inter
est. As showing the high position held by the com
pany up to the time of its collapse, Mr. Ewen notes
that it has been stated that the bankruptcy of the
Central caused more loss and suffering to securityholders along its lines than the failure of any other
railway company in the United States before or since—
a statement jvhich from our koowledge of the com
pany’s affairs we should say was not at all exaggerated.
As regards the physical characteristics possessed by
the property, Mr. Ewen remarks that the location of
the original line was admirable and that it exists to
day as the best route that could have been adopted.
On the main stem of 191 miles from Savannah to
Macon the maximum and ruling grade is only thirty
feet to the mile, while the maximum curvature does
not exceed three degrees, except in the case of one
curve at the eastern approach to the Ocmulgee River,
Macon, which is four degrees forty-six minutes for
1,700 fe e t; reference is also made to the fact that the
line from Macon to Atlanta does not cross a waterway.
As we all know, the road finally became a member of
the ill-starred Richmond Terminal family. We do not
mean by this that its financial difficulties, which
through the reorganization have now been removed,
were entirely or even mainly due to that circumstance.
But it certainly shared the same fate as the other
members of that combination. It is Mr. Ewen’ s opin
ion that in the issue of debentures as a bonus to the
shareholders (involving the creation of an interes; bear
ing obligation of $4,600,000) the company committed
its first act of unsound policy. He also points out
that in the process of evolution in railroad manage
ment in the South which began in 1878, and which re
sulted in the use of large amounts of net earoiugs for bet
terments, the Central did not share. “ Thosein control
of the Central seemed blind to the signs of the times.
While other roads were pressing forward with all the
advantages of modern improvement the Central stood
still.” Mr. Ewen argues that if the amount paid out
as a bonus to the shareholders had been applied to bitterments and improvements, the company could have
weathered the subsequent storms notwithstanding the
burdens imposed by the later acquisitions of costly and
unprofitable extensions.
But whether this view be correct or not, the property
has now been relieved of its financial difficulties and
been reorganized on an entirely new basis, with its
unprofitable branches lopped off.
Therefore its
future will be watched with considerable interest.
We may say, too, that in the period of nearly four
years during which the property was in the hands of
fVoL. LXI1I.
the courts, about $2,000,000 was spent by the re
ceivers in re uilding anl re equiping the various roads
form ing part of the system in order to bring them up
to modern standards. It is claimed that the physical
condition of the property and its equipment is equal
to day to that of any of the large Bystems in the South.
Besides the application to list the new securities on
the Stock Exchange, we have also had this week the
company’ s first annual report. This, however, covers
mainly the results of operations for the eight months
to dune 30, being the portion of the fiscal year daring
which the new company was in control, and is not so
useful as the report to the Stock Exchange accom pany
ing the application to list the company’ s securities. A
feature of this report, showing the thorough manner
in which all the work in connection with the
new company has been done, is the set o f
certificates which it contains. Tans we have ths c e r
tificate of Messrs. Seward, Guthrie & Steeleas counsel
certifying to the legality of
the two new mort
gages— the first mortgage for $7,009,000 and the c o n
solidated mortgage for $18,500,000. Taey certify that
the action of the directors and stockholders in reference
to these mortgages has been in conform ity with th e
laws of the State of Georgia, and that the mortgages
are in all respects valid and binding obligations of the
company. Then there is the certificate of the engineer,
the late Ernest S. Cronise, who last June made an in
spection and examination of ithe property. Finally we
have the certificate of the accountants, Messrs. Patter
son & Corwin, made to Messrs. Harvey Fisk & Sm s,
who havelarge interests in the property ; these account
ants certify to the accuracy of the accounts.
The report to the Exchange at the same tim9 f u r
nishes a very clear presentation of the affairs of the
new company— its mileage, debt, earnings, &c., besides
a description of the two mortgages and the property
covered by each of them. We have stated that the con
sol. mortgage is for an authorized amount of $18,500,000, but the present issue is only $16,500,000. The
additional $2,000,000 can be put out at the rate of not
more than $500,000 in any one fiscal year, exclusively
for betterments and for the purchase of equipment
for the railroad covered by the mortgage. Includ
ing the two new morrgages and th8 bead issues
of the old company which were left undisturbed, the
aggregate obligatory interest-bearing debt is $30,220,000. The stock remains small, only $5,000,000, but
there are 15 million dollars of first, second and third
preference non cumulative income bends. The obli
gatory fixed charges, including rentals, are figured at
$1,826,700 per year. The net ino >ma available in pay
ment of these fixed charges, after charging off losses
incurred in connection with the Georgia Railroad lease,
was $2,129,244 for the year ending June 30 1896,
$1,776,129 for 1894 5 and $1,966,272 for 1893-4, in all
of whicu years of course the busiaess conditi ms weie
very unfavorable. The new company owns 1,120
miles of road and lerses 385 miles, rntkiug over fifteen
hundred miles together. Its current liabilities of
course, as shown by the b .lance sheet, are small.
L IS T IN G S O N THE N E W Y O R K STOCK E X OH A N OE IN 1896.
The listings on the New Y ork Stock Exchange d u r
ing the year 1896 reflect clearly the abnormal con di
tions which have prevailed in the country at large.
Looked at carelessly one might say that the result was
wholly out of character with the prevailing situation
December 26, ISHti.J
T HE
CHRONICLE
of business interests; for the total of all stocks and
bonds listed reaches nearly 1,175 millions of dollars,
exceeding the largest total for any previous year in
our record, and being about three times that for the
year 1895. The sequel shows that this result was
occasioned by the completion of no less than six large
reorganizations and several smaller ones, the securities
of the rehabilitated companies being now admitted to
dealings on the Exchange and by the borrowing to
which the United States Government was driven to
maintain its gold reserve. Of new enterprises there
were practically none.
The following table shows the listings of both stocks
and bonds during 1896, and for each of the previous
eleven years. The classification is in accordance with
principles explained in former articles:
LISTINGS O S SEW YORK STOCK EXCHANGE.
B o u d «.
JVetc issues.
Old lesues
R eplacing
new ly listed, old secu rities. *
Total.
1896................. *147,343,700* 7,626,OCO *427,317,000 *582,286,700
1895...........
168,528,300:
15,587,000
75,162,100
1894 ..............
184,785.000
32,237,600
92,782,000 309,804,600
1 8 93 .. ...........
139,272.900' 7 42,t7a,000 107,353,400
1892 ....... ...
175,125,600
257,275,400
288,803,400
12,352,000
130.333,900 317,861,500
16,187,000
80,011,000: 287,645,700
1891 ..............
191,397,700
1890 .............
198,158.850
105,204,279 381,504,750
684,967,879
1888.................
206.864,000
6,050,000 176,906.000
389,720.000
1888_________
261,989.631!
11,792,000 237,220,597
511,002,218
1887 ....... ...
180.33 7,000
1886 ............
81.641.000
1885.................. 103,9 44.000
16,304,000
146,787,321 343,477,321
47.331,390 10P,102,300
27,700,090:
238.097,690
65,715,000 197,259,000
S l o t Its.
18 96.. . . . ......
*76,173.572
1895 ..............
77.132.500
1894....... .........
36,616,753
1893 .............
93,744.161
49,874,000
55,627,10
1892 .............
99,905,990
49.364,85^
88,765,355, 237,036,105
1,650.000
90,724,200 138,914,954
1891 ....... .. .
1S90.................
96,540.’ 54
............. '*>14.158,643 *590,732.315
*35,385,200
30,856,270 143,373,970
4,800,000 209,776.750
251,193,003
10,490,747 263,039,351
437,992.330
1889 .....
69,721,717
9,936,000 179,952,05'
259,649.774
1888 ............
62.408,357
10,872,475 175.147,413
248,228,275
1887 ..............
98.726.791
32.613,426 133,683,333
270,053,550
1886 .............
54.006 350
1885..............
17.743.116
67,238,800 203,226,200 329,469,350
3,700,000
35,430,005
passing. It is of course too much to hope that we
shall ever be entirely free from companies undergoing
rehabilitation, but the present era must be always
memorable for the number of corporations embarrassed
and the great amount of capital and property which
they represent. The reorganized companies whose
securities have actually been placed on the list of the
Exchange during the year own and control the follow
ing amounts of railroad mileage.
Miles.
A tla n tic Sc D a n v ille ................. 256
A tch iso n T op ek a & S anta F e .6 ,4 3 5
C entral o f G e o rg ia R y............ 1,463
E rie ......................
2 ,139
Ft. W orth Sc D e n v e r C ity R R . 471
In d ia n a D e ca tu r A W. R y ___ 1 52
M obile & B irm in gh a m R R . .. 149
56.913,116
J i w .- A p p l i c a t i o n * (o r t h o lu tin g o f T ru st C om p m y receip ts and o f
s e cu ritie s m a r k e d “ m w ented" (If preparatory to reorga n ization ), o r o f
• oourltlo* st-irrip ,<1 **,***u;ned" o r “ aisasscnent p aid ” —the secu rities
th e m se lve s h a vin g p rev iou sly Iwvmi listed - ire n ot in clu d ed in this ta b le .
The listing of the Government loan of 100 millions
is all that saved the new bond issues listed in 1896 from
being the most insignificant in our record ; other than
the governments, about 50 million dollars o v e r s th >
par value of bonds in the list, contrasting with
about 811 millions in 1886, the previous smillest total,
and with 262 millions in 1888, the maximum amounreached any year during the last twelve. Wnen we
consider the extent of the United States, the require
ments of existing companies under ordinary circum
stances to provide for the natural development of their
business, and the facility with which capital for new
undertakings is raised when the conditions are at all
favorable, we recognize to what a pitiable sura the cor
porate borrowing other than municipal has duriag
the year been reduced by currency nncertainties.
Oo the other hand, a very favorable feature of the
year’s listings is the proof which it gives of tie rapidly
approaching termination of the extraordinary era of
railroad reorgaoiz4tio is through which wj hi ve been
M iles.
N orthern O h io R y . ...............
167
N orthern P a cific R y . . .
4 ,3 7 7
O regon R R . Sc N a v ig a tio n .. 1 ,059
St. L on is Sc San F r a n c is c o .. 1 ,1 6 2
T otal.
1 7 ,8 3 0
The lines so included, it will be observed, aggregate
17,830 miles. Striking as this amount is, it becomes
much more so if we add the mileage of the roads
whose security holders have agreed upon plans of reor
ganization, and whose new securities are either being
printed or shortly will be in preparation. Tney are as
follows :
Miles.
D e tro it L a n s in g Sc N orth ern . 380
G ran d R apids Sc In d ia n a . . . 436
L o u is v ille N ew Alb. & C hic . 537
N o rfo lk Sc W e ste rn ....................1,570
M iles
O regon S hort Line.. ...............1 ,4 2 5
P h ila d elp h ia & R e a d in g .........1 ,277
T o t a l ...................................... 5 ,6 2 5
Combining now the aforementioned mileage of the
roads reorganized and those whose reorganization will
soon be completed, and we have a total of about
23,500 miles. Wuat a stride we have taken toward
the restoration to credit of bankrupt railroads will
appear when we say that there remain in receivers’
hands awaiting reorganization only about 11,000
miles, including the Union Pacific, 13. & 0 ., W iscon
sin Central, Atlantic & Pacific, Central Vermont and
minor companies.
The following table shows the railroad‘ bonds listed
in 1896, with the purpose for which each loan was
created.
198,245,261
161,461.729
1141
L IS T IN G S O P R A I L R O A D
BONDS.
A m oun t.
P urpose o f issue.
C om pany and title o f loan.
A tla n tic Sc D auv. R y. 1st M. 5 s . . . $ 1 ,2 3 9 ,0 0 0 .F or a ssessm ent o q o ld
6 p er cen t bonds.
A lc h . T op . Sc S. F. R y. gen . M. 4s. 9 4 ,3 6 3 ,0 0 0 ( In e x c h . f o r old b o n d s
4
6
,0
0
0
,0
0
0
\
u n d er re o rg a n iz a tio n .
Do
d o a d ju stm en t 4s
5 ,3 8 9 ,0 0 0 .B onds o f '9 2 ju s t liste d .
A lle g h e n y V al. gen . M. 4s, g u a r .
B alt. & O hio S o u th w e ste rn —
5 7 0 0 ,0 0 0 I m p ’ ts. b e tte rm ’ ts, e t c .
1st co n so l, gu ar. 4 4 a ......... ........ \
2 6 ,0 0 0 .In e x c h . f o r old seonr.
8 5 6 ,0 0 0 . In e x c h . fo r o ld secu r.
In co m e b o n d s A an d B ...............
B url. C edar R ap id s & N o rth e rn —
5 8 4 ,0 0 0 .In ex ch . for p rio r bds.
1st con so l. M. and coll. tr. 5 s . ..
7 ,0 0 0 ,0 0 0 J In ex ch a n g e fo r o ld seC entral o f G e o rg ia R y. 1st M 5s .
1
6,5
00 ,0 0 0 X «u.i ities un d er re o rg .
Do
do
co n so l. 5 s.
( B onds o f 1 890 n o tlis tC le v e . Cin. Chle. A St. L.« C airo
< ed b e fo re b e o a u se o f
D iv ., 1st 4 s .......................................
2 3 7 ,0 0 0 ^ litig ation .
4 5 5 .0 0 0 . T o retire p rio r b o n d s.
C lev elan d Sc M ahon. V al , con . 5s.
3 1 6 .0 0 0 . For im p ’ ts & ad d ition s.
C lev . & Pitts. R R. gen. M. 4 1a s . ..
1 0 1 .0 0 0 In e x c h . f o r equip , b d s.
Chesa. Sc O b io R y. l3 t co n so l 5 s . —
5 4 7 ,5 0 0 .T o redeem p rio r bonds
C h ica go B. Sc Q. c o n so l. 7 s .............| 1 ,6 9 9 ,5 0 0 . Im p ro v ’ ts p rio r t o ’ 89
9 4 .0 0 0 . F o r e xten sion s.
Ohio. Sr Fiffc. 111. gen. co n so l. 1st 5s.
3 9 .0 0 0 . F o r extensions.
C hic. Sc Tod. C oal Ry. 1st M. 5 s .........
3 8 2 .0 0 0 . F o r floatin g d eb t.
Col. H o ck . V al. Sc T o l „ gen . M. 0s
8 5 2 .0 0 0 . For Ohio L a n d & R y . 6 s .
Do
do
gen . lien 4s.
1 .3 0 0 .0 0 0 . C on str’n o f new b rid ge.
D e la w a re R tv .R R .A B r’ge ls tM .4 s .
1.000.
0 0 0 . Im provem ents.
D u lu th Sc Iron R an ge, 2d M. 6 s ...
E lm ira C ortla n d & N orthern—
1st p ref. g o ld 0 p. e. b o n d s ...........
G uar, g o ld 5 s ....... ................. .........
7 5 0 ,0 0 0 $ Bonds o f 1 88 1 ju s t
1 .2 5 0.00 0 ( listed.
14.4 00 .0 0 0 . In e x c h fo rN y p a n o R R .
s to ck and bonds.
E rie RR 1st con s 1. p rio r lien 4 s. ^ 7 .8 0 0 .0 0 0 . In exch . fo r o ld bonds.
7 ,8 0 0 ,0 0 0 D ebts o f o ld co m p a n y
and im p rovem en ts.
l
G en eral lien 3 -4 s.............................. 3 0,9 2 7 ,0 0 0 . In e x f o r o ld 2 d o o n s o l a
C Old 6s h a rin g In terest
F ort W. & Den. C ity, 1st M. 4-69.
8 ,1 7 6 ,0 9 0 re d u ce d un d er reorg.
( plan.
•
Grand Rapids & Did. 1st M.
4 1 3 9 ..
ItliaoH C en tra l 2-10 m art. 4 s ...........
Do
_
do
* .
a »
o
1st M. s te r g, 3 s.
In d . Deoatur & W est. 1st M. 5 a ........
L ake Erie & W estern, 2d M. 5 a ....
M a n h attan (K iev.) R y ., con s. 4 s ..
44,000.Refunding.
4 ,8 0 6 ,0 0 0 .In e x c h . f o r C. O. & S.
W. securities.
o Krsn
5
e x c h a n g e f o r re2 ,5 0 0 ,0 0 0 | u einption b o n d s.
1 ,8 2 4 ,0 0 0 .In e x e li fo r o ld b o n d s
un d er reorga n ization .
5 0 0 ,0 0 0 . A ir b ra k es, oou p l’ s, e tc .
8 1 0 ,0 0 0 .Im provem en t*.
THE
1142
CHRONICLE.
[V o l . l x i n .
the street railways the chief listings are by the*
Brooklyn Rapid Transit Company, successor to the
2 3 8 .0 0 0 . 1n e x o h , f o r in co m e Long Island Traction Company, and by the Milwaukee
do
Do
s c r ip , eto.
Electric Railway & Light Company, the reorganized
6 0 0 ,0 0 0 F o r r e o e iv o r s ’ c e r tifi
M ob ile A B lrm . p rio r lien 5 s.
Milwaukee Street Railway Company. Aside from these
ca tes and im p ’ ts.
1 c o n non 5 I n e x c h a n g e u n d e r re - products of reorganization the only securities here
Do
M. 4s (ln o o m e s t o ’ 99)
1 ,2 0 0 ,0 0 0 J orgaQ izatioQ la ;8 9 5 .
1 1 6 .0 0 0 . 1n e x o h . f o r p r io r lie n calling for mention are the 100 millions of G overnN a sh ville Chat. & 8 t. L. 1 st c o n . 5s
b o n d s.
ment 4s and the $12,336,000 Brooklyn Union Gas
1 .4 0 0 .0 0 0 . R e fu n d ’ g and im p r’ ts.
N e w p 't & Cin. B rid g e gen . M. i
4 8 ,0 0 0 . I m p r o v e m e n ts.
consols issued along with the 15 millions of stock men
N .Y .B .A M a n h attan B ’ch 1st oon .5 s
...
..... ( 1 ,5 0 0 ,0 0 0 . P art p a y m e n t o ld ro a d
tioned in the following table, upon consolidation of the
N orth ern O h io Ry. 1st M . 5 s --------- ) 1 ,0 0 0 ,0 0 0 .Im p r o v e m e n ts, e tc.
N orth . Pao. R y. n ew p rio r lien 4 s .
7 3 ,8 1 6 ,5 0 0 ( TJnder re o r g . p la n iss Brooklyn gas companies into a single corporation.
Do
do
g en era l lie n 3 s . . .
5 6 ,0 0 0 ,0 0 0 { u e d fo r o ld s e o u rit’ s.
The next and last table of listed securities embraces
N orth . P a o .T e r m .o f O re ..1 st M .6s.
9 0 ,0 0 0 .Im p r o v e m e n ts .
O hio S ou th ern gen . M. 4 s ...............
2 8 7 ,0 0 0 .I m p ’ts an d eq u ip .
the stocks of railroad, street railway and miscellaneous
f F o r O. R y . & N a v. o ld
It is as follow s:
Ore. R R .& N a viga tion c o n so l. 4 s .
1 5 ,1 7 4 ,0 0 0 < c o n s o ls and co lla t. companies.
C om pany a n d ttUe o f loa n .—
M e x ica n C en tra l oon eol. M . 4 s . . . .
A m ou n t.
P u rp ose o f issue. 1198
5 8 0 0 .0 0 0 . F o r r o llin g sto o k , im
p r o v e m e n t s , e to .
t
tru st b on d s.
LISTINGS OF RAILROAD STOCKS.
P itts b . Oln. C h ic. & 8 t. L .—
C onsol. 4s, series D _____ _______
v o m p a n y a n d cla ss o f stock —
A m o u n t.
P u r p o se o f I s s u e .
2 ,0 0 0 ,0 0 0 -T m p r o v e m e n ts, eto.
; F or ca sh su b scrip tio n s M .T .A S .F .R y .p f.S p .o n o n -c u m .. $ 9 8 ,6 9 1 ,4 0 0 { * £ * i £ ^ * X g *
6 ,3 8 8 ,0 0 0 $ 5 ,5 0 0 ,0 0 0 ; f o r h r ’ noh
St. L . A S an F ra n . R R ., c o n so l. 4 s.
( l i n e b o n d s f 8 88 ,00 0 .
B alt. <fc O. 8. W . p re fe rr e d s tk ._ _ .
1 9 ,1 5 0 .In e x c h . f o r o ld seou.
1 5 6 .0 0 0 .
1n e x c h . fo r p r io r b d s. C hic. G t. W e ste rn o o m m o n ______ 2 1 ,4 2 6 ,9 7 0 5 l a e x o h . f o r C hic. 8 1.
8t. P. M . A M. co n so l. 4 t » s ................
Do
do
p r e f.4 p .c . “ B .”
7 ,4 8 9 ,1 9 0 ( P. & K . O. se cu ritie s
1 ,5 6 8 ,0 0 0 .E x te n s io n s.
S outh. P a o .o f C a lif., 1 st o o n s o l.5 s .
1 .8 2 8 .0 0 0 .
E qu ip , n o te s ACtm
p ’ ts.
h ica
go M . & 8 t. P a u l p re f. s t k ..
S ou th ern R y. 1st co n s o l. 5 s ...........
3 0 1 .0 0 0 . E x c h . f o r co n v e r t, b d s .
1 .5 0 0 .0 0 0 . I m p 'ts a n d e x te n s io n s .
C 0I.H .V .& T o l.p r e f..n o n -c u m .,5 %
T o l. A O h io C ent. gen . M . 5 s ----- 5 0 0 .0 0 0 . F o r flo a tin g d e b t.
2 1 1 .0 0 0 . R e fu n d in g .
V o tin g !
"Western N . Y . A Pa. 1 st M . 5 s —
9 7 1 iR blqq 5 F o r Part p a y m e n t b d s .
E rie R R . 1 st p r e f.4 p .c ,
£ d istu rb e d b y re o r g .
tru s t >
i o n on 5 t o e x c h a n g e fo r T o le n o n -c u m .........................
W heel. A U .E rie, e x t e n .a n d im p . 5s
ce rts . )
2 ,8 5 3 ,4 6 1 .F o r c o n tin g e n cie s .
tb.u u u ^ d0 B e lt R y b on d s.
CV o tin g ) 1 5 srv7
) P a rt P a y m e n t o f b ’ n d s
T o ta l R R. b on d s ......„ .............$ 4 2 7 ,0 0 2 ,5 0 0
2 d p f. 4 p. 0. n on -cu m . < tru s t > i o ,8 0 7 ,7 b 4 J d istu rb e d b y reorg.
t ce rts . )
1 9 2 ,2 3 6 . F o r co n tin g e n cie s ,
c V o tin g 1 q j 090 n on $ P a rt p a y m e n t o f b ’ n d s
C o m m o n s to c k ............. 7 tru s t >
^ d istu rb e d b y re o r g .
t ce rts. )
5 ,1 6 7 ,0 0 0 . F o r co n tin g e n cie s .
2
7
,0
0
0
<
A d ju s tm e n t o f o ld r e lo w a C e n t r a l—
2 3 7 ,2 0 0 < o rg a n is a tio n a c c ts .
The bond issues of the several reorganized companies
referred to above stand out prominently in this table,
and the reader will not fail to notice that they include
barely one issue of the " income bond,” which a few
years ago was so common a "security,” if we may call
it by a name that it has seldom deserved. The feeling
that the income bond is a ‘'financial absurdity” has
"become so strong that only one company (the Central
of Georgia) of the several large railroad companies re
cently reorganized or in process of reorganization will
possess an income mortgage.
In the following table we have brought together the
street railway and miscellaneous bonds listed in the
period under review:
LISTINGS OP MISCELLANEOUS BONDS.
C om p a n y a n d title o f loa n .—
A m ou n t.
P u r p o s e o f issue.
C S old to p a y cla im s o f
A m e r . 8 p irits M fg. Co. Is t M . 6 s ___ $ 2 ,0 0 0 ,0 0 0 ]
D .& C . F. Co. an d f o r
( im p rov em en ts.
19
on n 5 In
fo r seour. o f
B ’k ly n U n ion Gas Co. 1st oon. 5 s.. iA
d d t> ,u u o j o ld oos c o n so lid a te d .
M issou ri K a n sa s & T e x a s ............
5 ,4 5 0 ,0 0 0 ^ F jjrn |a00k
N. Y . S usq. & C P r e fe r r e d .
W e ste rn —
{ C o m m o n ..
a ® d a te d
N e w E n g la n d R R . c o m m o n . . . . ^ .
3 ,4 0 0 $ In e x o h a n g e fo r o ld
4 2 ,3 0 0 l c o m m o n a n d D ref.
919 nnn $ I n e x c b . fo r o ld N. Y . &
2 1 2 ,0 0 0 J N. E . stu ck .
N orth . P a c .R y . co m . $ V o tin g >
do
Do
p re f.
\ ( tr. ce rts . $
7 9 ,8 0 0 ,0 0 0 5 U n d e r re o r g . p la n , is s 7 5 ,0 0 0 ,0 0 0 ( ued f o r o l d s e c u r it ’ s.
O r e .R R . A N a v i g . c o m .
Do
do
[p ref. } oerta-
C A co t. o f o ld b o n d s, a s 1 2 4 ,0 0 0 ,0 0 0 1 s e a a m ^ a u d g e u e r a i
J
! 0 , 9 9 8 ,5 0 0 { ^ 0“
^
r| V r° ^
d.
8t.lL. & San F . R R . C om m ..
., c V o t. >i 2 5 ,6 1 7 ,7 8 0 ^
( F o r p a rt o f ca sh
s h su b Do
d8
1 st p rf. < tr’ st > 5 ,0 0 0 ,0 0 0 < s o n p t ’ n an d to ri e t ir e
Do
do
2 d p rf. ( oert. > 1 4 ,3 3 5 ,7 0 0 ( in p a r t o ld sseou
e o u r it ’ s.
W h e e lin g & L a k e E rie o o m m o n ..
5 ,0 0 0 ,0 0 0 -I m p r o v ’ ts and e q u ip ’ t.
T o ta l R R . s t o c k s ,.........................$ 5 2 0 ,1 4 1 ,5 9 0
LISTINGS OF STREET RA ILW AY STOCKS.
C o m p a n y a n d cla ss o f sto ck —
A m o u n t.
P u r p o s e o f Issu e.
T h ird A v e n u e R R ................................ $ 1 ,4 0 0 ,0 0 0 .E x te n s io n s.
LISTINGS OF MISCELLANEOUS 8TOCKS.
B ’ k lyn W h .& W areli. Co. 1 st Ml. 5 s.
Col. F uel <fc iro n Co. gen . M . 5 .........
D e tr o it Gas Co. 1st c o n so l. 5 s ____
E d is o n Eleo. III. o f B’ k lyn 1st M.5s.
p a n y a n d class o f stock —
A m ou n t.
P u rp ose o f L oa n .
1 .5 0 0 .0 0 0 .
F o r a d d itio n a l p r oCpom
’ ty.
Issued to D. <fc C. F.
2 .0 2 1 .0 0 0 .
1 . p ’ tg an d e x teAnm
s io
n s .a n 6 p ir- > C o m m o n ............... $ 2 8 ,0 0 0 ,0 0 0
e rio
s
to
c k h o ld e rs
sub
2 .0 0 0 .
0 0 0 . Im p r o v e m e n ts
its M fg. C o .— > P L , n o n -cu m .,6 %
7 ,0 0 0 ,0 0 0
s crib in g to n e w b ’d s .
1 5 0 .0 0 0 . F o r e x te n s io n s .
B r o o k ly n U n io n G a s C o.................... 1 5 ,0 0 0 ,0 0 0 . F or stk. o f o ld co s ., eto.
i o o n 5 I n e x o h . f o r H a rlem &
E d iso n E l.T ll.of N .Y . 1st oon sol. 5s.
228 5 0 0 | F loating^ debt an d in ’
u ( M a n h a tta n bond s.
C on. K . C. S m elt. <fc R e f. c u m .7 p .c.
cr e a s e d ca p ita l.
E qu lt. G as L. o f N .Y .1 st oon sol. 5 s .
2 0 0 .0 0 0 . E x te n s io n s, eto.
M a rk et <fc F u lto n N at. B a n k ............
1 5 0 ,0 0 0 . In o .o f ca p . to $ 9 0 0 ,0 0 0 .
E rie T eleg. A T e le p . co ll, tru s t 5 s.
1*000’ ooo<
RedemPtion
of
68
and
} im p ro v e m e n ts.
B tand ard iR op e A T w in e c o m ......... 1 2 ,0 0 0 ,0 0 0 1 ^ C o v i a g e s e c a ’ itle s 8 '
P e o p le ’s Gas L. & C oke 1st oon . 6a 1 .5 0 0 .0 0 0 . f o r ox te n s . & Im p ’ ts.
T en n essee C oal Iro n
R R . c o m ..
1 5 0 ,0 0 0 In cr e a s e d w o r k in g c a p .
P le a sa n t V a lle y C o il 1st M. 6 s . . . .
4 5 .0 0 0 . Im p ’ ts & a d d ition s .
W estin g h .E l.A M fg .“ a ssen t’g s t’k ”
3 ,0 0 0 ,0 0 0 . Im p r o v e m e n ts.
T e n n e sse e C oal <fc Iron C o.—
D e B a r d e le b e n C .& I .ls t M. 6s gu.
S ta n d a rd R op e <fe Tw ine, 1st M. 6s.
3 7 7 ,5 0 0 . D ebts o f co m p a n y .
T o ta l m is ce lla n e o u s s to c k s ___ $ 6 5 ,5 2 9 ,5 0 0
3 .0 0 0 .
0 0 0 . F or a ssess’ ts o n s to o k .
7 500 o o n $ lQ exohangre fo r U . 8.
/ ,ou u ,u u o f C o rd a g e b on d s.
U . 8 o f A raerloa 4s o f 1 9 2 5 ............ 1 0 0 ,0 0 0 ,0 0 0 .R e p le n 'g g o ld re s e rv e
Do
do
c o n . M. in o .5 s ..
T o t a l...................................................$ 1 3 3 ,6 4 5 ,5 0 0
LISTINGS OP STREET RA ILW AY BONDS.
C om pany a n d title o ] loa n —
A m ou n t.
P u r p o se o f issue.
B r o o k ly n R a p id T ra n . 50-yr. g. 5 s . $ 3 ,0 0 0 ,0 0 0 . F o r su b scrip tion s p d .iu
do
.
1 ,8 7 5 ,0 0 0 . F o r o ld ooll. tr. notes.
M llw . E leo. R y . A L igh t oon sol. 5 s .
5 ,5 0 0 ,0 0 0 5
t o r M il’
l w a u k . St. R y. bond s.
T e r r e H aute E leotrlo Ry. 1st M. 6s
5 3 ,0 0 0 1 Eie otrio U ght p la n t
’
( Im p r o v e m e n ts.
T o ta l s treet ra ilw a y b o n d s ........ $ 1 0 ,4 2 8 ,0 0 0
That the business of reorganizing haa not been con
fined to the steam railroads becomes plain wheu we ex
amine the above table. The old Distilling & Cattle
Feeding Go., more commonly known as the Wniskey
Trust, now appears as the American Spirits Manufac
turing Co., and the old Cordage Company (formerly
the National Cordage and more recently the United
States Cordage Company) has been changed to the
Standard Uope & Twine Company. So, too, among
In this table also, as would be expected, the securi
ties of the reorganized companies form the m ijor part.
In addition, however, to the stock of those already
mentioned will be noticed the 29 millions or there
abouts of stock of the Chicago Great West-rn Rail
way, which was reorganized in 1892— too long ago to
be in oar previous table of reorganized compinies— as
successor to the Chicago Sc. Paul & K tesis CityRailway. Other noteworthy stock issues are : Mis
souri Kansas & Texar, $5,450,000, oreated in order
to absorb absolutely roads previously controlled under
separate charter; $5,000,000 Wheeling A Lake Brie
common stock, issued to pay for $400,000 worth of
improvements, and $3,000,000 Westinghou3e stock,
also sold for improvements and additions.
It is interesting to observe that of the stoeki listed
in 1896 by the large railroad companies recently reor
ganized, all except the Atchison stock are represented
on the market by voting trust certificates.
THE
D ecember 26, 1896.J
CHRONICLE,
In tbe aggregate the Erie, the Northern Pacific, the
Oregon Railroad & Navigation and the S:. Louis &
San Francisco have outstanding and listed no less
than 380 millions of dollars of voting trust certificates.
The fact that the voting power is temporarily removed
from the public detracts not a little from the specula
tors’ interest in such stocks, but experience, it is believed,
has proved the measure a good one for companies, im
mediately following their reorganiz ition and until
their business is thoroughly established.
We will close by giving the terms of the voting trusts
not only of the companies just named but also, for
comparison, of the new Reading. It will be observed
that the trust created in the case of the Oregon Rail
road & Navigation Company is different from the
others in that its purpose is to insure to the preferred
stock (issue #11,000,000) the right till May I 1906 to
nominate ten directors for the company, leaving only
five to be nominate! by the 24 millions of common
stock.
V o t in g T r u st s .
ERIE RAlLRO A.D.
D u r a t i o n o f T ru st.
X a / n ei o f T r u fle e s .
J. P. Morgan.
( For fire years and thereafter till first preferred
LoaU Pi lateral d.
•’ etook receives 4 per cent cash dividends In one
Chaa. Tennant, Bart, / year.
NORTHERN PACIFIC RAILROAD.
J. P. Morgan,
)
AS in * t
l P*0*"
years unless surrendered earlier at disCharlea CJnTrr ’
f • « * » of
trustees.
Johnston Li vingstoo. J
OREGON RAILROAD A NAVIGATION.
C e n tra l T ru st
Company
of
N ew York
City.
f Till Mav 1,1 906 , unless the trnst be sooner ter
minated by tbe consent o f holders o f two thirds
I o f each class o f certificates, or unless dtviI denda equal to 20 per cent o f the par value of
I the preferred stock shall have been paid or be
fully guaranteed. The trust insures to the
I p r e f e r r e d stock certificates (of which $9,289.J 75u went to holders o f old oonsols and oollater| al trust bonds) the right to nominate ten dli rectors and the c o m m o n stock •ertifloatea to
[ nominate five directors.
READING COMPANY*.
fP o r five years, and thereafter until 4 per oent
| cash dividend per annum shall be paid on the
< first preferred stock for two oonseoutive years,
I ihouirn the trustees may in their disoretlon
( surrender the stock at an earlier date.
J. P. Morgan,
W. P. Oiooit,
and one other.
ST. LOUIS A SAN FRANCISCO RAILROAD.
{ For five years, and for such further period (If
John A Htewart,
L o u is F ttsgeraid,
J . K e n n e d y T od ,
I. N HeMgruan,
B. P. C heney.
H C E a stm a n .
Jam es A Blair.
'
anyi as shall elapse before the first preferred
stock shall have received a 4 per cent cash
dividend for two consecutive years, although
the voting trustees may, m their discretion,
deliver the stock at any earlier date, but not
in any event prior to Jan. 1. 1902, save with
the consent o f the holders o f at least two-thirds
In amount o f the beneficial interest certificates
o f each class.
I^oaetarflg©ararae*ciaI^ttgUsttIletas
(From our own correspondent.]
L ondon . S a tu r d a y , December 12tb, 1896.
The money market ha* been very easy throughout the
week. At the fortnightly settlement upon the Stock Ex
change, which was concluded yesterday, tbe majority of
brokers were able to obtain all the money they required at
•nothing from 3 !{ to 3^' per cent. A few belated borrowers,
best lee one or two who were not prep tred to offer the very
best c as* of shares as csllaterals, were compelled to pay the
full Bank rite and even abive that figure, but in the great
majority of cases loans were readily arranged at the former
figure I have named. It is expected that there will be a
rather ih irp ad vanes in rates just at the tarn of the year,
but immediately the end o f the year requirements are
satisfied i . is confidently predic:ed by those who are in a
position to know that the market will again become very
easy.
As there has been hardly any speculation worth mention
ing in Am»ricin securities on the London market, no gold is
expected to go to you; on the contrary it is "generally believed
that during the early months of the year the balance will be
in favor of this country. Gold is also expected from Aus
tralasia and from the Continent, while the Indian demand
i* not expected to be sufficiently large to affect rates in the
market. In any case there is at present an ample supply of
money to meet all ths demands upon the market, and it 13 a
signifi n o : fact that although 2}£ par cent and even as much
1143
as 2Jg percent is demanded for day-to-day money, and the dis
count rate for three months’ bills is a small fraction over 3
per cent, long dated paper bearing really first-class names
can be discounted for about 2% per cent. Consequently it
will be seen that the general opinion favors a continuance of
cheap money.
Business upon the Stock Exchange this week has been
largely interrupted by the necessary attention which mem
bers of the Stock Exchange have had to give to the settle
ment whioh, as I have said, was concluded yesterday. The ac
count has been arranged with ease in nearly all markets. Even
in the South African department the making up prices were
somewhat better in most cases than at the last account. This
was owing to the fact that on making up day the returns from
the various mines came in, and as these were regarded as very
favorable, prices were put up The firm tone of the market,
however, has not been maintained, and there has again been
selling both on London and Paris account. Grave dis
satisfaction is being expressed here that the meet
ings of so many companies whose shares are almost
wholly held in Europe regularly take place in Johannes
burg, thus making it almost impossible for shareholders
to exercise an efficient control over the management of their
own properties. The failure, moreover, of the great houses
interested in this market to do anything to stop the continual
fall in prices .is also being unfavorably commented upon.
Whether Mr. Robinson and Mr. Barnato, who are now on their
way to Johannesburg, are really prepared to assist the Trans
vaal Government in improving r.ilsvay communication in
the Republic remains to be saen ; in any case there is a wide
spread feeling of dissatisfaction with regard to the management
of very many of these companies.
The most important event of the week has been a
threatened strike on the part of the employees of the
London & North Western Railway Company, which is
the greatest company in this country.
The original
subject of dispute between the directors and their em
ployees related to a question of hours aud wages, and
should of itself have offered no insurmountable difficul
ties for settlement by means of a conference between the
representatives of the directors and the representatives of the
men. The B tard of Directors, however, decided to institute
an ioquiry amongst the men to find out who proposed to join
the strike and who did no;, and in fact whether a strike was
seriously contemplated. A certaia number oE the em
ployees said that unless their demands were granted they
would certainly go out on strike if a strike was
ordered by the Amalgamated Society of Railway Ser
vants. The directors decided at once to dismiss these men.
This radical action on the part of the Board was very severely
criticised in some quarters. In their defense the directors
allege that they are responsible for the comfort and conveni
ence of the traveling public, and they were bound to see that
their train service was not utterly disorganized by the threat
ened strike. Inasmuch, however, as similar demands have
been made by the employees on one or two other companies,
the measure appears to have been a rather drastic one. In
view of the feeling of indignation aroused the company has
agreed to reinstate the men who have been dismissed and
to consider their claims for improved conditions of laborHence, immediate prospect of a strike has been averted.
The British imports since January 1st have been as follows :
1890.
£
3 3.4 7 3 ,8 5 6
3 5,4 7 6 ,7 3 6
3 8 ,3 4 4 .7 5 0
3 5,8 0 3 ,8 0 0
3 3,34^ ,988
3 5,2 2 9 ,2 5 5
3 4 ,3 3 2 ,8 5 0
3 2 .4 72 ,6 2 2
3 3,1 1 1 ,1 5 6
3 9 ,5 7 6 ,2 9 0
4 2,5 02 ,9 6 9
1895.
£
3 6 ,7 43 ,1 8 1
2 8 ,1 3 4 ,4 8 9
3 5 ,9 5 9 ,8 9 0
3 1 ,3 41 ,3 5 8
3 4,7 52 ,0 8 6
3 3 ,8 9 1 ,5 8 4
3 5,0 9 7 ,5 1 1
3 1,5 87 ,3 9 0
3 0,6 1 8 ,8 5 4
3 6,8 59 ,8 6 8
3 9,0 0 6 ,9 1 1
11 m on th s.. 3 9 8 ,3 1 3 ,7 4 0
3 7 9 ,75 0 ,0 2 3
I m por ts.
J a n u a r y .........
F ebruary -----M arch........... ..
A p ril.................
M a y...................
J u n e ..................
J u ly ...................
A u g u st.............
S e p te m b e r___
O c to b e r ...........
X orecn b er. . ..
D ifferen ce.
£
+ 1 ,7 3 0 ,3 7 5
+ 7 ,3 4 2 ,2 4 7
+ 2 ,3 8 4 ,3 6 0
+ 1 ,467,442
—1,402,098
+ 1.3 14,671
—7 1 4 ,66 4
—2,1 1 4,77 4
+ 2 ,492.302
+ 2 ,7 1 6 ,4 2 2
+ 3 .4 9 6 ,0 2 8
4 1 8.5 53 ,7 1 7
P er Ot.
+ 4 -7 9
+ 26*09
+ 6*63
+ 4*27
—4 03
+ 3*93
-2 0 3
-6 * 1 1
+ 8*10
+ 7 -3 7
+ 3*96
+ 4 -8 8
The exports since January 1st have been as follows :
1 896.
Exports.
a
J a n a a r y ........... 2 1,1 2 7 ,1 0 8
F e b r u a r y ........ 1 9 ,6 83 ,4 5 6
M arch............... 2 0,1 2 2 ,4 1 9
A p ril.................. 1 8,4 2 6 ,6 9 9
M a y................... 1 8 ,8 12 ,9 2 7
J u n e ...................... 2 0,5 3 0 ,0 5 3
J u ly
............. 2 1,3 3 4 ,7 8 5
A u g u s t............. 2 0,3 0 1 ,5 6 6
S e p t e m b e r ....
1 9,7 9 7 .0 8 0
O o to b e r ........... 2 0,6 5 1 ,9 9 7
N o v e m b e r .. ..
13,5 39 ,8 5 3
11 months.. 2Uh63l,033
1895.
.
a
1 8 ,2 2 4 ,2 3 6
1 5 ,9 73 ,0 9 5
1 8,5 2 3 ,0 3 0
1 7 ,2 52 ,3 1 1
1 8 ,3 44 ,7 4 4
1 7,8 0 0 ,1 0 0
2 0,5 5 9 ,4 8 6
2 0,4 81 ,4 9 5
1 9,4 6 1 ,9 1 0
2 0 ,8 2 8 ,8 0 8
1 9 ,5 4 0 ,3 3 3
203,939,633
D ifference.
a
+ 2 ,9 0 2 ,9 3 2
+ 3 ,7 1 0 ,3 6 1
+ 1 ,8 9 9 ,3 8 9
+ 1 ,1 7 4 ,3 8 8
+ 4 6 8 ,1 3 3
+ 2 ,7 2 9 ,9 5 3
+ 7 7 5 ,2 9 9
- 179.929
+ 3 3 5 ,1 4 0
— 173,869
— 1,000.480
P er Ot.
+ 15-92
+ 23-22
+ 10-25
+6-80
+2-55
+15-33
+3-77
-0 -8 7
+ 1-78
—0-83
—5-12
+12,641,367+6T0
1144
THE
CHRONICLE.
The re-exports of foreign and colonial produce since January
1st show the following contrast:
5 ,4 1 1 ,5 9 0
4 ,7 7 0,95 8
4 ,6 6 8 ,9 7 6
4 .2 7 4 ,6 8 6
4 ,1 9 9 ,2 9 0
3,3 0 1,51 1
4 ,7 5 9 ,0 2 6
4 ,3 8 0,43 1
1 89 5 .
£
3 ,8 8 7 ,2 5 8
4 ,4 0 7 ,8 2 4
4.8 1 6,59 9
6 ,6 0 8 ,1 1 5
5 ,2 1 5,78 5
5 ,2 6 5 ,7 7 3
4 .7 8 9 ,9 5 1
6 ,1 8 9 ,7 0 2
3 ,9 0 7 ,8 3 6
5 .4 6 0 ,4 0 4
4 ,3 3 1 ,0 7 0
D ifferen ce.
£
+ 9 3 8 ,4 4 9
+ 1,2 3 0,40 8
—2 2 3 ,27 3
- 1 ,1 9 6 ,5 2 5
-4 1 4 ,8 2 7
—5 9 6 ,7 9 7
—5 1 5 .26 5
- 1 ,9 9 0 , 1 1 2
—6 0 6 ,3 2 5
—7 0 1 ,3 7 8
+ 1 6 ,3 6 1
P er 01.
+ 24-1 4
+ 27-91
—4*60
-1 8 * 1 0
- 8 '5 2
— 11*33
—10*75
—32-15
— 15*51
— 12*84
+ 0 -3 7
5 0 ,8 5 3 ,6 5 3
5 4 ,9 4 3 ,3 1 7
— 4 .0 3 3 ,6 6 4
—7*4 4
1896.
£
4 ,8 2 5 ,7 0 7
5 ,6 3 8 ,2 3 2
RE E X PO R T S.
J a n u a ry .........
F eb ru a ry ........
4,623.326
J u l y ..................
A u g u s t .............
S ep tem b er —
O c to b e r ...........
N ovem b er. . . .
11 m o n t h s .
The rates for money have been as follows :
Interest allowed
for deposits bp
Open Market Hates,
London. 03
g
4
20 4
27 4
4 4
11 i
N o t . IS
*■
**
D ec
“
^
Trade B ills.
B ank m u .
Disc’t B'ee
Stock At 7 to U
Four
Six
Three Four
Six
Three
Month» Months Months Months Months Months Banks. Gall. Dapt
4
3 « ® ’4 3J4@S4
3H&ZH
3H
3
SW
m
m
2*4
2-X
3% 8 %
+
*
i
3
+ 3 l l- i e ® 3 %
3H
3*
SH
3H
* 31638 V-18
3
2«
3«
sm iH
SJ4@3%
ZH
8J4
3H
8%
3H
3
3
214
2«
24
2H
24
ZH
3H
ZH
294
294
* 2J6®2 15-10
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &o.,
oompared with the last three years :
1893.
1896.
1996.
1894.
Dec. 13.
Dec. 11.
Dec. 12
Dec. 9.
£
£
£
£
26,870,225 25,565,960 25,176.705 25.110 570
7,760,013
6,00
5.495
3,902,518
6,693,833
Pablio deposits.............................
Other deposit* ........................... 42,471,307 51,220,937 84,932,951 28.335,064
9,037,512
Government securities ............ 13,762,969 14.836,249 13.98 ),18l
Other securities ......................... 26,649,177 25,951.572 18.433,181 23.882.854
17,191,367
26.017,787 35.958,621 25,306,741
Reserve o f notes and o d n ..
Coin & bullion, both departm’ts 35,683,012 44,7 24,531 33,743,4 48 25,851,937
63
54 1-16
60 13-16
Prop, reserve to liabilities, .p. o.
6314
3
4
2
2
Bank r a t e .................. per cent
106 13-16
97 15-16
111 7-16
10394
Consols. 294 per c e n t ................
321
29£64.
30d.
*27*6d.
S ilv e r ............................................
Clearing-House returns............ L2I.457.O00 110,547,000 10 7,839,000 1C6,722,000
* December 13.
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Paris................
Berlin...............
H am burg........
Frankfort........
A m sterdam ....
Brussels...........
Vienna............
8t. Petersburg.
Madrid.............
Copenhagen..
Nov 27.
Dec 4.
Dec 11
Rates of
Interest at
Bank
Rate
Open
Market
Bank
Rate.
2
i«
2
6
5
6
8«
8
4
6
6
4
4H
5
5
5
m
3
SH
2H
SH
8
4
6
5
4
6%
4
4
Bank
Open
Market Rate.
TH
*H
iH
8H
2H
z%
SH
2
6
6
5
3«
s
4
6
5
Nov 20.
Open
Market
Bank
Rate.
Open
Market
m
2
m
4*
4«
5
6
5
3*
3
4
6
6
4
494
*H
m
2H
SH
SH
iH
4
iH
494
3H
2H
3-H
0
6
4
[VOL, LX1II,
1896.
W heat im p o rte d , o w t . 1 8 .0 2 1 ,0 3 0
Im p o rts o f flo u r......... 6 .0 1 3 ,4 7 0
Bales o f h om e g r o w n . 8 .3 6 3 ,8 5 1
1895.
2 0,5 10,360
5 ,4 5 1 ,4 0 0
4 ,5 1 6 ,7 2 7
T o t a l ........................ 3 2 ,9 9 8 ,3 5 4 3 0 ,5 0 8 ,9 3 7
1 89 6 .
1 89 5 .
A v e r.p rice w h e a t,w e e k .3 2 a . 8 d.
24 a l i d .
A v e ra g e p rlo e , s e a s o n ..2 3 s . I d .
21s. 6d.
1 89 4 .
1 8 ,5 1 7 ,2 4 5
5 ,5 9 7 ,7 5 9
5 ,8 1 5 ,4 1 3
1 89 3 .
1 7 ,9 2 2 ,0 4 5
5 ,9 2 1 ,2 4 1
7 ,1 5 3 ,4 3 4
2 9 ,9 3 0 ,4 1 7
1 894.
20s. 7 d.
19s. 3d.
3 0 ,9 9 6 ,7 2 0
1893.
2~s. Od.
2 7s. Od.
The following shows the (quantities of wheat, flour and
maize afloat to the United Kingdom :
This w eek.
W h e a t .............. ..q r s .2 ,4 1 0 ,0 0 0
F lou r, e q u a l t o q r s . 3 9 5 ,0 0 0
M aize............... 8 4 0 ,0 0 0
E n g lis h
L a st week.
2 ,3 7 5 ,0 0 0
4 1 5 ,0 0 0
8 0 5 ,0 0 0
F in a n c ia l
1895.
1 ,8 5 4 ,0 0 0
2 9 7 .0 0 0
5 0 9 .0 0 0
M a r k e t s —P e r
1 89 4 .
2 ,3 0 3 ,0 0 0
2 5 5 .0 0 0
3 1 0 .0 0 0
C a b le .
The daily closing quotations for securities, &c,, at London
are reported by cable as follows for the week ending Dec. 24
Sat.
L ondon.
M on.
Tues.
Wed.
Thun.
F ri.
S ilv e r, p e r o u n c e ........d. 2 9 78
2 9%
29%
30
2916,„
CouboIs ., n o w , 2% p .cts. 1 1 0 + s 1 10 %
1 1 0 i% e 11013,8 1 10 1 3 ,.!
F o r a c c o u n t ................. 1 10 %
H U 8 1 1 H ,R 111
110%
F r’ oh re n te s (in P a ris) f r. 02*42% 102*45 102*45 L02-40 02*4212
A teh . T o p . & S an ta F e . 1314
14
1 3%
13%
13%
22%
C an ad ia n P a c if ic ........... 55%
56%
56%
5650
56%
15%
C hesap eake & O h io ....... 16
16
15%
1 6%
74%
73%
Ohio. M ilw . & St. P a u l
74%
75%
75%
D en y. & B io G r., p r e f .. 42 v8
42%
4 2%
42%
4 2%
15
E rie, o o m m o n ................. 14%
15%
1538
15%
1 st p r e f e r r e d ............... 3 3 hi
3 4%
34%
34%
34^
Illin o is C e n tra l............... 94
95
95
94%
95
L a ke S h o r e ....................... 157 % 157%
157%
158
158
L ou isv ille & N a sh v ille . 4 7 78
49*2
48%
49
48%
M e x ica n C en tra l, 4s . . . 6 9 %
69%
69%
69*2
13
M o. K a n . & T e x ., c o m .. 18
13
13
1 3%
N. Y . C ent’ l & H u d s o n . 97
96%
96%
96
96%
14%
N. Y . O n ta rio & W e st’ n 14%
14%
15
14%
N o rfo lk & W est’ n , p re f. 16%
16%
16%
1 6%
N orth ern P a cific, p r e f. 23
22%
23
22%
2 .'%
Do
do
p r e f."
53
53
52%
P e n n s y lv a n ia .................. 5 2 %
52%
P hila. & R e a d ., p e r sh .. 12%
13%
13
13
13
9%
S ou th ’ n R a ilw a y , c o m ..
9%
9%
9%
9%
P r e fe r r e d ....................... 26%
27
2 7%
26%
27
9%
O n ion P a c ific ...................
9*8
9%
9%
9%
W abash , p r e fe r r e d ........ 15
15%
15%
1 5%
15*2
* V o tin g t r u s t r e c e ip ts .
;
><
-Sf
a
3
0
w
GPcmxnxerctal and pttscellauemxs Incurs
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at New York for the week ending for dry goods
Dec. 17 and for the week ending for general merchandise
Dec. 18; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT N EW YO RK .
F o r iceek.
D ry g o o d s ........
G en ’l m e r ’ d ise
1 896.
1 89 5 .
$ 1 ,5 9 6 ,8 1 3
5 ,7 6 8 ,1 5 5
1 89 4 .
T o t a l ..........
$ 7 ,3 6 4 ,9 6 8
$ 7 ,5 8 6 ,7 3 7
S ince J a n . 1.
D ry g o o d s ........ $ 1 0 2 ,9 0 0 ,3 1 7 $ 1 3 8 ,7 9 8 ,7 1 7
G en ’ l m e r’ diae 3 2 4 ,8 3 0 ,1 7 7 3 5 9 ,2 1 6 ,9 4 1
1 89 3 .
$ 3 ,0 7 1 ,9 8 0
8 ,6 3 5 ,8 5 5
$ 1 ,1 5 8 ,5 1 4
7 ,3 0 1 ,0 5 1
$ 1 1 ,7 0 7 ,8 3 5
* 8 ,4 5 9 ,5 6 5
$ 2 ,2 7 5 ,1 1 8
5 ,3 1 1 ,6 1 9
$ 8 6 ,6 6 0 ,5 6 1 * 1 1 4 ,9 0 5 ,9 1 9
3 3 7 ,7 8 1 ,8 0 7 4 0 3 ,2 9 5 ,6 2 1
T o ta l 5 0 w eek s $ 4 2 7 ,7 3 0 ,4 9 4 j*49 3,0 1 5,65 7 $ 4 2 4 ,4 4 2 ,3 6 8 * 5 1 8 ,2 0 1 ,4 4 0
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
Messrs. Pixley & Aball write as follows under date of Dec week ending Deo. 21 and from January 1 to date :
ember 10:
EXPORTS FROM NEW Y O R K FOR TUB W EEK,
4
4
4
G o ld .—D uring the la st few d a ys the in q u iry fo r g o ld has b e e n ra th er
m ore aetl re and B ooiew hat higher rates h a ve in ooa se q u e n o e b een p a id
fo r open m an tel arrival.-, ih e m ovem en ts a t th e Hank o f E n g la n d
h a ve b een £ 7 ,0 0 0 receiv ed an d £ 3 0 0 ,0 0 0 tak en fo r E g y p t. A r r iv a ls :
C ap etow n , £ 15 1 ,2 5 0 ; B om b a y, £ 6 6 ,0 0 0 . T ota l, £ 2 1 7 ,2 5 0 . S h ip m e n ts '
P o rt Said, £ 1 0 0 ,0 0 6 ; B om b a y , £ 2 0 ,0 0 0 ; C olom b o, £ 9 0 0 ; C alcu tta ,
£ 5 ,0 0 0 . T otal, £ 1 2 5 ,9 0 0 .
S ilv e r.—The m arket has h a rd ly m ov ed sin ce w e la st w rote. T h ere
has been a q u iet hu t stea d y dem an d fo r the E ast, an d as th e s e llin g
has been on a m od era te sca le, th e prioe is steady a t 2 9 is 18d. A rriv a ls :
N ew Y ork , £ 1 7 6 ,0 0 0
S h m m eu ts: B o m b a y , £ 2 7 ,4 0 0 ; C aloutta,
£ 4 0 ,0 0 0 ; J apan, £ 2 0 .0 0 0 . T ota l, £ 8 7 ,4 0 0 .
M exican D olla rs.—T hese coin h a v e been in g o o d d em an d and a re n o w
2 9% . A rriva ls fro m N ew Y ork, £ 2 9 ,0 0 0 .
S hipm en ts to P en a n g ,
£ 2 6 ,0 0 0 .
The quotations for bullion are reported as follows:
Gold.
L o n d on Standard.
Bar gold , tin e___ oz.
J$ar g o ld .p a rtin g .o z .
Spanish, o l d ......... oz.
N e w .....................oz.
U. S. g old c.o in ...o z .
G$rcnTn g o ld coin .oz.
F ren ch gold coin .oz.
D ec.
10.
D ec.
3.
1 896.
F o r th e w e e k ..
P re v . r e p o rte d
1 89 5 .
$ 1 0 ,5 3 2 ,8 7 6
3 6 6 ,8 5 5 ,0 6 0
$ 6 ,8 2 2 ,0 0 0
3 2 7 ,8 1 7 ,2 0 3
s. d.
«. d.
77 11% 77 10% B ar silv er, fln e ...o z .
77 11% 7 7 11% B ar s ilv e r, c o n ta in ’ g
7 6 1% 76 1%
d o 5 grs. g o ld .o z .
7 6 2% 76 2%
d o 4 g rs. g o ld oz.
76 7% 76 7 %
d o 3 g rs. g o ld .o z ,
7 6 3% 76 3% C ak e s ilv e r ...........oz.
7 6 3% 7 6 3% M e x ica n d o lla rs .o z .
D ec.
10.
The following table shows the exports and imports of specie
at the port of New York for the week ending Dec. 19 and
since January 1, 1896, and for the corresponding periods in
1895 and 1894:
EXPORTS AND IM POSTS OF SPECIE AT NEW YO RK .
E x p o rts
Im p o rts.
Gold.
D ec.
3.
d.
d.
2 9 l5je 29%
3 0 7 |8
30%
3 0 i16
326le
29%
1 89 3 .
$ 6 ,5 2 4 ,1 6 0
3 5 7 ,5 5 9 ,5 9 6
T o ta l 5 0 w eeks *3 7 7 ,3 8 7 ,9 3 6 1 * 3 3 4 ,0 3 9 ,2 0 3 * 3 4 6 ,7 8 8 ,5 6 7 * 3 6 1 ,0 8 3 ,7 5 6
W eek.
Sil v e r .
L o n d o n S tand ard.
1 89 4 .
$ 5 ,5 7 7 ,5 9 8
3 4 1 ,2 1 0 ,9 6 9
30%
3 0 3 i,
30
32%
29318
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:
IMPORTS.
1 89 6 .
1895.
1 89 4 .
1 89 3 .
I m p o r ts o fw h e a t ,o w t.l8 ,6 2 1 .0 3 0 2 0 .5 1 0 ,3 6 0 1 8 ,5 1 7 ,2 4 5 1 7 ,9 2 2 015
B a r le y ............................. 8 ,6 1 3 .1 5 0
9 ,1 6 1 ,5 3 0 1 0 ,4 5 3 ,2 4 1
9 ,6 1 9 ,1 2 7
O ats.................................. 5 ,9 2 2 ,6 1 0
4 ,2 1 7 ,3 4 0
4 ,2 7 8 ,4 5 0
4 ,0 5 8 ,3 7 3
P ea s.................................. 1 ,2 6 1 ,5 5 5
8 7 5 ,1 1 0
7 5 8 ,5 1 4
7 7 0 .2 4 0
B ea n s...............................
9 9 3 ,2 4 0
1 ,1 3 5 ,1 6 0
1 ,2 4 7 ,9 8 3
1 ,3 4 2 ,0 2 5
In d ian c o r n .................... 1 7,3 4 2 ,2 0 0 1 1 ,8 1 9 ,5 5 0
0 ,1 2 1 ,9 7 4
7 ,2 7 6 ,0 9 5
F l o u r ............................... 6 ,0 1 3 .4 7 0
5 ,4 5 1 ,4 0 0
5 ,5 9 7 ,7 5 9
5 ,9 2 1 ,2 4 1
Supplies available for consumption (exclusive of stocks on
September 1)
G reat B r i t a i n ..........
S in ce J a n . 1.
G e r m a n y ...................
W e st I n d i e s .............
M e x lo o .......................
S outh A m e r ic a ........
A ll o th e r co u n trie s.
* 1 2 ,0 8 9 ,7 6 0
8 ,3 5 7 ,5 4 1
2 7 ,0 0 2 ,0 6 6
9 9 1 ,0 9 6
$ 1 5 ,5 5 0
62
7 ,7 0 0
2 ,8 4 5 ,4 1 7
8 3 ,0 0 0
T o ta l 1 8 9 6 .........
T o t a l 1 8 9 5 .........
T o ta l 1 8 9 4 .........
* 2 3 ,2 5 0 $ 5 1 ,3 6 8 ,9 4 2
7 ,1 2 8 .3 9 9 9 6 ,9 4 1 ,6 6 2
3 ,8 7 0 ,3 0 0 9 4 ,2 4 1 .1 9 3
S ilver.
G e r m a n y ....................
W est I n d ie s ..............
M e x ic o .......................
S outh A m e r ic a ........
A ll o th e r co u n trie s.
T o ta l 1 8 9 6 .........
T o t a l 1 8 9 5 .........
T o ta l 1 8 9 4 .........
*
........
5 ,1 4 5
531
22,0 24
1 ,6 0 0
S ince J a n . 1.
$ 4 3 ,6 8 2 ,8 3 8
8 ,9 4 2 ,4 9 8
1 9 ,9 9 1 ,9 1 8
8 ,6 7 2 ,3 8 6
2 6 4 ,3 5 2
1 ,2 7 0 ,6 9 5
97,4 28
$ 2 9 ,3 0 0 * 8 2 ,8 2 2 ,1 1 5
4 3 7 ,7 4 7 2 5 ,6 9 2 ,0 2 2
5 1 ,8 5 4 1 6 .5 3 2 ,6 7 8
E x p o rts.
W eek.
G reat B r i t a i n ..........
W eek.
Im p o r ts.
S ince J a n .1.
* 1 ,0 6 8 ,4 0 0 * 4 6 ,5 8 1 ,1 4 7
3 ,7 3 1 ,6 8 9
8 5 ,1 7 0
5 ,1 9 3
3 9 9 ,7 6 0
W eek.
........
Si n ce J a n . 1.
1 0 7 ,86 1
1,771
3 4 ,1 0 6
4 ,0 8 2
1 0 ,6 4 2
1 ,3 7 9
* 1 3 ,2 7 7
6 ,6 1 3
9 ,9 3 5
3 9 5 ,6 5 9
9 1 1 ,8 6 9
1 ,4 0 7 ,2 8 2
9 6 ,6 5 0
$ 1 ,0 7 3 ,5 9 3 * 5 0 ,9 0 7 ,3 9 8
9 1 9 ,5 2 7 3 7 ,9 0 3 ,4 1 6
9 0 3 .8 5 0 3 3.283.1 ’ ■)
$ 5 0 ,2 0 3
2 0 ,5 2 7
16.327
* 2 ,8 4 1 ,2 8 5
1 ,7 7 1 ,3 9 8
t .6 8 8 .6 6 9
*
THE
Oeckmbeb 26, 1896.]
B re a d stu tT a
F ig u r e s
B rou gh t
F rom
Page
CHRONICLE,
Receipt i at—
Flour.
Wheat.
C om .
Oats.
Barley.
Rye.
Bbts.VMlbs Bush.G0tbs Bush. 56 lbs B uthjasuu Bush. 48 lbs Bush. 50 Uu
Chicago......
Milwaukee.
D u lu th __
Minneap'iis
T o le d o ......
Detroit.. ...
C leveland..
SU L ouis...
Peoria........
Kan was City
40.340
119,600
Tot-wfc.'90
Same wk/95
Same wk.'94
StncfJuy.l
1
........
109 5 ..........
1W4.........
209,542
188344
96,466
1-6.650
103.350
543.046
1,348320
59,700
2\873
19,281
98.698
23,650
92.500
956.197
18,850
3,290
41,43'.
173.600
68.068
9.140
790,885
405,900
319,500
2,807,297
229,000
67,33*
356,170
6,500
22,087
12,720
454.300
437 000
111.000
620,146
292,800
27,673
2,5 .1,471
5,729.101
2.210.764
230*5,>66
3,331.538
1/83.133
4 504,962
2 001,551
1,327.404
1,118,208
980,14L
712.353
212.624
126,815
59 451
6,6*3,966 10S.27J.440 69.335.844 82,475.865 23,102,123
6.; 00.933 120.209.959 49.224,649 06.289,219 22.646,287
*1.718 *01 iro.9.SH,ni5 34 .s 12 .9 15 42.927.494 22.086,291
4.280.830
2,103.371
1.270.NJ3
3,773
834
7,10)
1.3)9
6,800
60,910
76,000
45,714
7,800
71.955
8 335
39 000
58.300
0,300
10,800
The receipts of flour and grain at the seaboard ports for the
week ended Dec. 19, 1896, follow:
Receipts at -
H our.
bbi *.
Whe it.
bush.
Fork ......
IM .I iO
B>*«u>n ............... ...
44.Oil
Montreal. ...
*.4^»
Philadelphia ....... C7.A-2
Baltimore
51.022
Richmond
2.M1
New Orleans *...... ...
7.070
Oils,
Com .
bush.
bush.
550.*»5d
3(00,800
189.74*
110.016
1,750
000
IVj.III
432.15.3
241,117 U l l . f 'S
15.706
14,702
51,0.12
5«57,fl7\
B trley,
bush.
020,4«*0
113,274
23.473
41.200
493.971
12.010
107.830
146,250
29.435
28.275
7,200
3,115
73.179
Total week .. .. 3V.O0 J 1.'W*«.315 2.673,042 1 4“ 1,024
Week 1896............ .. 4*2.112 l .510.. 2) *.657,868
001,019
181.300
221.554
104,954
2,233
3,500
• Receipts d n>*t Include grain p a cin g through New Orleans for foreign
port# on through bills o f lading.
The total receipt* at porta named in last table from Jan. 1
to Deo. 19 compare as follows for four years:
X e s tip ts o f1896.
P'Oer......................bbls. 13.694.086
1*96.
17,620.690
1894.
30.497,097
im ,
19.469.4 2rt
W b « « t ........... ...b a s h . 07.4 *1.027
C o ro .......................
" 97,937.848
O e U .......................
** 72 086.278
B arley.................. •• 13.79f.73l
»T
.......................
•• 6.024.004
49,785.300
67,776.637
42.C6S.867
4.603,875
576.055
57,350.190
46.077,547
44.180,5*6
580.158
93 211 76*
60.48-» 290
61.434 208
4,970.321
1.134,201
TetAlffreln ......... 256.^63.908
156.609,640
163.028 594
207,189.030
4.840.173
The exports from the several seaboard ports for the week
•tiding Deo. 19, 1896, are shown in the annexed statement:
Whsat,
F.sports two*n-- bush.
New Tort. . . 607.410
42.485
Boetno.............
Corn.
bush.
Flour.
bbls.
Oats
bush.
348.119
20.520
9.046
102.005
17.702
2.803
13,964
132.008
1.386
1.071
31.714
3.140
1,1*3
546.796
.L l**,631 2.707.073 307.702
.. 783>W 1,777,157 235,002
900,616
8 .6 6 )
Portland......
481/04
91.000
h&.mw
Philadelphia . 273.443 279.7 02
Baltimore. ... 32.000 522.7 2w
New Orleans. 116.538 361.675
Norfolk .........
6*8.082
317.0*9
1 .......
7.907
*-0.900 112.685
Peas,
bust,.
R y,
bush
1 !0
72,100
10,010
23,746
Barley.
bush.
25,177
59.548
69,940
460,237
B ifoorts fo r
■--------- Fl o u r. ---------% --------- Wi Mat.--------- ---------- 0 urn.--------- W tsk Since S evt.
W tsk
ftincs Srft.
W etk
Sines Sept.
L 1890.
Dec. 19
L 1896. Dec. 19.
1. I860
Total
T >tai 1095...........
307.703
*2*.Cu2
bbls.
3.131.735
390 709
310.283
C01.97O
100.900
4k. 209
bUSh.
bush.
bush.
bush.
0»»:t.311 10.246.413 1.130.718 22.291.443
240,044 5.961.209 1.440,774 19.491.167
2.060
88.871
12,189
375.459
10.767
4.900
190 628
905.863
75.276
159,047
99,204
4.354JB51 1,110 081 24,371,"68 2,707.073 43 423.321
3,869.232
783,203 13.09-.007 1,777.457 23,660,006
The visible supply of grain, comprising the stooks in
granary at tbe principal points of accumulation at lake and
•eaboard ports, Dec, 19, 1896, was as follows:
W heat,
t n tto+ i at—
bush.
Jfew T o r t .................... 7.0f3.000
Do
afloat........... 961.000
A Io e n y .........................................
Buffalo......................... 8.87-.0OO
Do
afloat........
419,000
Jfeloaao....................... 13,599.000
Do
afloat.........................
«ilw a o k e e ................... 348,000
Do
afloa t.........................
D uluth......................... 9.483.000
Do
afloa t........
242.000
T oledo............................ 1,135,000
Do
afloat...........................
Detroit ...................... 892,000
Do
afloat...........................
Oewewo.........................
40,000
St Lou la..................... 9,178.000
Do
afloat...........................
Cincinnati....................................
Boston ..................... 1,615.000
Toronto......................
232.000
Montreal.............. ... 447,000
Philadelphia................ 710.OOO
Peoria.....................
1K5.000
Indianapolis...............
198,000
Kansas City.................
475.000
Baltimore.................
362.000
Minneapolis.............. 19.137,000
On Mississippi H irer.................
On L a k e * ..................
75,000
On sanal and r l r e r .. . . . . . . . .
Total
Total
’’ •nte'
Total
Total
Dac.
Dec.
T>ec.
Dec,
Dec.
19 .1*96.56,163.000
IS. I*u4 5 4 . 481,000
91.I«’»s *9,898,000
29.1W4.1 ^.0 7 1,000
23. 1999,9 •/&<*. *>■■
Corn,
bush.
6.096,006
363.000
50.000
492.000
200.000
5.100,000
oats,
bush.
bush.
415.000
3.428.000
39,000
185.000
100.000
UY.OOO
380.000
95,0f0
100,000
1.049,000
4,180.000
162,000
...........
218,000
8.000
6,000
...........
..........
850.000
6.000
273.000
63.000
...............................
100.000
167,000
481,000
........
...........
68.000
29,000
...........
............
.........
22.000
766.000
225,000
0 1 ,000
..........
6,000
2.000
15.000
1,000
613,000
166.000
...........
55.000
*85,000
34.000
133.000
1.856.000
180,000
' 1V.666
234.000
442,000
161.000
.........
T1.666
29.000
156.000
137.000
1,930,000 1 ,210.000
43.000
21.000
708.000
197,000
2,000
......................... .
...........
...........
18.073.000 12,434.000
17.461,000 1 1 .350.000
5.789,000 6,4**8.000
*,*KM,000 9, Ou.OuO
7.239,00J 3,811.000
2.931.000
1.582.000
1.560.000
451,000
6)9,090
Barley
bush.
9.005.000
317,000
Ask.
160 Il68
112*3 114
§100
102
330 350
110 112*3
320 335
57
§112 115
58
60
116*4 116*3
108 108*4
158
145 155
106*3 _108*3
102 il04
190 1195
160*3 162
122 I___
300 ___
......... 102
---- 1102
§101*3___
§101*2 102
Was Securities—Brokers’ Quotations.
g a s c o m p a n ie s .
Ask.
Bid.
B’ klyn U nion Gas—Stook. 89
1057e
Central................................. 165
Consumers’ (Jersey City). 71
Bonds .............................. 10 0
Jersey City A H oboken.. 180
Metropolitan—Bonds........ 105
Mutual (N . Y ........... .......
N t\ A East Riv. 1st 5s.. 103
70
Preferred . . . . ____
Common................... . ... 41
94
Consol. 5e . . . . . . . .
G A S C O M P A N IE S .
Bid., Ask.
Peoples* (Jersey C ity )___
W illiam sburg 1st 8 s ........
Fulton Municipal 0s.........
77
Equitable............................
104
Bonds, 6 s, 1899 .............
St. P aul........ ....................
Bonds, 5s..........................
235
Standard pref .................
105
Common..................... .
Western G a s ..................
73
42*2
Bonds, 5s........................
96
90
170
175
10 2 *2
105
194
111
55
79
105
.....
63
89
202
114
58
82
109
85
91
tJoins.—follow ing are the current quotations in gold for
c o in s .:
S o v e r e ig n s .......... $ 4 85 ® $ 4 89
N a poleon s ......... 3 85 © 3 8 8
X X R eioh m ark a. 4 7 4 © 4 81
25 P e s e ta s ............ 4 7 7 © 4 81
Span. D o u b lo o a s.1 5 5 5 # 1 5 75
M ex . D o u b lo o n s . 15 5 0 © 1 5 75
Fine g o ld b ars . .
p a r © ^ prem .
F in e silv e r b a r s ... — 65 *4 © — 6 6 * 4
F iv e fr a n c s .......... . — 93 9 — 95**
M ex ica n d o lla r s .. — 5 0 % © — 519a
D o unoom ’ o i a l.. --------© — —
P eru vian s o ls ....... — 4 6 © — 4 7 * 4
E nglish s i l v e r .. ., 4 8 0 © 4 8 6
U. 8 . tra d e d o lla r s — 6 5 © —7 5
United 8 tate8 Sub-Treasury.—The following cable
the daily receipts and payments at the Sub-Treasury during
the week.
B alan ces.
Dale.
D e c 19
21
22
23
24
25
T o ta l
30.000
The destination of these exports for the week and sinoe
September 1, 1896, is as below. We add the totals for the
aorres ponding periods o f last year for comparison:
* m * and tin
rxc. 19
bUs.
S o ', l to
Ceiled Kingdom '114.953
43 801
fl. k C. America..
19 4*4
19 901
We-«t Indies... ..
Bn». N. A. Col’s.
5
3.379
Other oooutrie*..
Bid.
A.tlan. A re ., B ’ klyn—
D. D. K. B. A Bat’y —Stk.
Oon. 5s, g., 1931..A A O §102*3 106
1st, gold, 5s, 1932. J A D
Im pt. 5 s, g., 1934..J A J
S c r ip ...............................
80
77
Sleek. 8 t. & F u l.F .—Stk.
29
31
Eighth A venue—S to ck ...
1st m ort., 7s, 1900. J A J §103 106
Scrip, 6 a, 1.914...............
Brooklyn Rapid Transit.
18*4 1 8 1 42d A Gt . St. Fer.—Stook
B’ way A 7th A ve.—Stock. 192 199
42d St. Man. A St.N. Av.
1st m ort., 6 s, 1904. J AD §104
1st m ort. 68 , 1910.MA8
2d m ort., 5a, 1914.JA J §108 111
2d m ort. incom e 6 a. J A J
B’w a y 1st, 58.gnar.1924 §112 115
L ex.A ve.A P av.F erry 5s.
2d 5s.lnt.a8 rent’ 1.1905 §104 106
Metropolitan T raction ..
Consol. 5 8 ,1 9 4 3 ...J A D 11634 117
Ninth A venu e—S to c k ...
Brooklyn City—S tock .... 174 175*3 Seoond Avenue—Stook.
Consol. 5e, 194 1 ... JA J 113 115
1st mort^5s, 1909. MAN
B klyn.Cro 38 t’ n 5 8 . 1908 101 105
Debenture 58,190b. J AJ
Bklrn.Q’ nsC o.A 8 a b .l 8t 100 105
Sixth A venue—S took ___
Bklyn.C. A N ’ w t’w n—Stk 160
Third A venue—S to c k . . .
58. 1 93 9 .......................... §107*3 H0*3 1st mort., 5a, 1937. JA J
Central C rosstown—Stk. 200 |....... 1 Twenty-Third St.—S t'k.
1st M .f 8 s. 1922...M A N §109 111 | Deb. 5s, 1903.................
Oen.Pk. N. A E .R iv .—Stk. 155 165
Union R y—S t o c k ............
Consol. 7s, 1902... J AD 110*3____ I 1st 5s, 1 94 2 ....................
Columbus A 9th A ve. 5s. 116*4 116*3 WestChest’r, l8t,gn.,5a.
Ohrist’ p ’rA lO th 8 t.—Stk. 150 1155 j
1st m ort.,1 8 9 8
A AO 102 I.........I
I A n d a coru ed Interest.
42X.O07
31.760
390
08,571
1.4O0
142,071
City Railroad Securities—Brokers’ Quotations.
1 1 7 0 . —T h e
S ritemams below are prepared by us from tbe dgures of the
•New York Produce Exchange. We first give tne reoeipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Dec. 19, 1898,
and siuce August 1, for each of the last three years:
1145
R eceipts.
P aym ents.
3 ,8 9 6 .0 1 6
3 .1 0 0 ,4 2 0
10,174,437
5 ,0 1 1 ,4 3 7
5 ,5 1 0,45 4
$
«
3 ,2 2 3 ,4 6 7 121,13 1 ,0 1 9
3 ,2 6 1,86 7 1 21 ,19 2 ,9 8 5
8 ,4 1 0 ,4 49| 1 2 1 ,27 3 ,0 1 6
2 .8 6 7,16 3 1 2 1 ,4 0 8 ,1 -7
3 ,2 2 9 ,3 8 7 1 21 ,454.226
........................H O L ID A Y .
2 7,6 9 2 ,7 6 4
2 0,9 92 ,3 3 3
C oin.
Ooin C ert's.
1,7 2 3,08 2
1,5 9 0,95 5
1,431,9461
1,876,789!
2 ,0 5 0 ,9 3 5
C u rren cy.
*
4 8 ,7 7 3 .0 8 7
4 8 ,6 8 1 ,8 0 2
5 0,5 24,766
5 2 ,0 8 9 ,0 4 6
5 4 ,1 4 9 .9 0 7
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. R. V. Harnett & Co.:
B onds.
$ 2 5 0 2d M. b onds o f G erm an
A ss o cia tio n o f E rheiterun g
o f S taten Isla n d ....................
Shares.
4 Staten Isl. A c a d e m y ........... 15
B onds.
$ 5 ,0 0 0 C ah aba C oal M ’g Co.
6 8 gu a r., 1 9 2 2 ........................ 85
By Messrs. Adrian H. Muller <fc Son:
Shares.
15 N. Y . Loan A Im p. C o ... 43
1 0 0 M t.H o p a C e m e te ry A ss ’ n 20
15 M etrop olita n P late Glass
Ins. Co. o f N. Y _______ 2 6 1
5 B erk eley Lvoeuin A ssoo. 35
23 Gent. N. J Land Im p. C o .
8
5 0 N. Y. 9usq. A W estern
C oal Co. p r e f ....................
5*3
25 R och ester G as A E le ctric 1
Co. co m m o n ...................... > 35
3425>oooo
Do
co m ., s c r i p )
25 E a g le Fire Ins. C o ............ 240
14 N inth Nat B a n k ................115
3 3 0 In*" w* C onduit A Insul.
Co. (old s to c k )..............
20
Ranking
10,000
Shares.
36 In te rio r C ond uit A Insul.
C o. (new s to o k )............... 18*3
5 0 E d iso n L igh t A P o w e r
Co. o f San F ran., C al. . 1 2 0 1*
5 C ap ita list C o m p a n y ....... 190
4 1 C lin ton B an k. .................. 9 0
B onds.
$ 2 ,0 0 0 M inn eapolis B rew in g
Co. 1st 7 s, 1913, AAO . . . . 91
$ 5 0 C ent. N. Jer. L and Im p.
C o., div. s c r ip ............................
8
$ 1,1 25 Inter. C onduit A Insularion Co., co u v . s c r i p ........ 17*3
$ 5 ,0 0 0 E lgin J o lie t A East.
R y . 1st 5 s ........... .............. — 70
and
ITinanclal.
Spencer Trask & Co.,
1.791.000
82,000
72.00V
*81,060
BANKERS,
150,000
2 7 4c 2 9 P I N E
STREET,
65 State Street, A lb a n y .
NEW
YO RK .
INVESTMENT SECURITIES.
130.000
14,000
S am u el
101,000
86,000
D. D a v is a
W O. 3 8 W A L L S T . , S E W
Samuel, D. Davis .
Oiosai
ALBXAMDBR M. W h it b , Ju
Da b c l a t Mo i t a t .
& W
h i t e
,
Ba n KEk s ,
6,180,000
4,204.0*'0
8.806.000
2,511,0(0
Y O IIK .
Chas . B. V an Nostbano.,
M o f f a t
5.493.000
C o .,
BANKERS,
82.000
126,000
40,000
30
PIW B
S T R E E T
-
-
PT B 1 W
l!N V EST M EINT S E C U R I T I E S
Y O B K
THE
1146
H !h e
CHRONICLE.
The Bank o f France shows an increase of 250,000 francs in
gold and 2,050,000 francs in silver.
The New York City Clearing-House banks in their statement
of Dec. 19 showed an increase in the reserve held of $3,414,600
and a surplus over the required reserve o f $33,274,725, against
$31,606,350 the previous week.
jK f c u f e m ' ( S a m it e .
D I V I D E N DD SS . .
N am e o f C om pany.
P er
Cent.
I ta llr o n d M ( S t e a m ) .
1
Canada S ou th ern .............................
1
C tn.H am . A D ayton p f. A. A B (q r )
2
D avt. & M lrb p re f., gu ar. (quar.)
1%
D ei. L a ck . A W est, ( q u a r .) .........
2
F itch b u rg p r e f ..................................
3
L ake Shore A M ich. S o u ................
2
M ichigan C e n tra l...........................
1
N. Y . C ent. A H ud . R iv er (quar.)
1
N orfolk A 8 ou rh crn (q u a r.). —
4
N orthern C e n tra l............................
31*
R ich . F re d .A P o t.c o n i. A di v .ob lig .
W orcester Naj»hua & R och e s te r .
2*3
S tre e t H a llw a y * .
%
C levelan d E le c tr ic ..........................
M e tro p o lita n T ra ct., N .Y . (quar.)
1*
W ilk es-B arre & W yom in g V alley
T ra ct. (Wi k e s B arre, F a .)........
Ita n k M .
7
B an k o f A m e r ic a ..............................
5
B o n k o f Nt w Y o r k ...........................
6
B o w e r y .................................................
B ro o k ly n (B ro o k ly n )......................
3*3
3
*
C entral N a tion a l...............................
4
C hatham N ational (q u a r.)............
4
C o lu m b i a ......... ............................
4
E a st R iv e r N a tion a l........................
3 *3
F o u rth N a tion a l...............................
H a n o v e r N a tion a l............... ...........
5
Im p o rte rs’ A 'Traders’ N a tio n a l 10
4
i s i n g N ation a l.................................
5
L eath er M a n u factu rers’ N a t’ l . . .
5
M arket A F u lton N a tion a l...........
4
M echanics’ N a t o n a l ......................
3
M erca n tile N a tio n a l........................
3
M erch a n ts’ E x ch a n g e N ation alM e r ch a rts ’ N a tio n a l......................
3*s
6
N assau N ational (B ro o k ly n )-----4
N ational Bai k o f C om m erce-----4
N ational B ank o f th e R e p u b lio ..
6
N ational B r o a d w a y ...................... .
4
N ation a l B u tch ers’ A D r o v e rs ’. .
N ational C itizens’ .......................... .
3*3
5
N ational P a rk ...................................
3
N inth N a tion a l.................................
5
O r ie n ta l..............................................
5
P e o p le ’ s ...............................................
3
P h e h ix N ational..............................
8 e a b o a rd N a tion a l..........................
do
do
(ta x d iv id ’ d ).
* !
6
8 e co n d N a tion a l.........................
j
2
U n ion (B r o o k ly n )......... .................. j
T r u s t C o m p a n ie s .
M e rca n tile (q u a r.)........ .. ..........
3
P e o p le ’s. B rook ly n (q u a r .)...........
2
3
U nited S tates M ort. A T ru st.......
W a s h in g to n ........................................
3
F ir e I n s u r a n c e .
H a m ilt o n ................................... .........
m is c e lla n e o u s .
C ent. A 8. A. T eleg. (q u a r.).........
1%
D a n T a lm a ge’ s Sons’ C o., p r e f..
In te rn a tio n a l B e ll T elep ., L t d ...
6 }
do
do
(e x tra ).
20
J o u rn e a y A B u rn h a m ,p f. (quar.)
M e x ica n T elegra p h (q u a r )........ .
2*3
P e n n sy lv a n ia C oal (e x t r a )...........
5
U nited Gas Im p rovem en t (quar.)
2
U n ited States R u h b e r .c o m .........
2
W ells, F a rgo A C o ............................
3
■Western G a s .......................................
2*5
l
W hen
P ayable.
B o o k s closed .
(B a y s in clu sive.)
Jan . 1 to
Deo. 23 to
D ec. 23 to
J an . 6 to
to
Jan .
to
Jan .
Jan .
to
to
Jan .
to
Jan .
to
D e c . 2 4 to
to
J a n . 17
J an . 5
Jan. 5
J an . 20
J an . 15
J an . 1 7
J a n . 17
J a n . 15
J an . 11
Feb.
Jan.
Jan.
Jan .
J an .
Feb.
Fob.
Jan .
Jan.
Jau.
Jan .
Jan .
1
5
5
20
15
J
1
15
11
15
2
2
Jan.
Jan.
15
J an .
30
Jan .
Jan.
J an .
Jan ,
Jan .
J an .
Jan.
Jan .
Jan.
Jan.
Jan .
Jan.
Jan .
Jan .
Jan.
,Jan.
Jan.
Jan.
Jan .
Jan .
Jan.
Jan .
Jan.
Jan .
Jan.
Jan .
Jan.
Jan .
Jan .
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Jan .
J an .
Jan .
2
2
2
Jan .
J an .
1
2
1
Jan .
Uan.
Jan .
Jan .
2
2
2
2
Jan.
Jan.
Jan .
J an .
1
1
3
3
Jan.
2
to
Jan .
Jan.
6
2
Jan .
6
to
Jan.
Jan .
Jan .
Jan.
Feb.
iJan.
J an .
Jas.
4
to
J a n . 15
Jan . 31
Deo.
D eo.
D ec.
D ec.
D ec.
Deo.
D ec.
Jan.
Jau.
Jan .
Jan.
Jan .
Jan.
Jan.
23
23
23
23
24
23
22
4
3
1
1
3
1
1
C a p ita l...................
8 u r p l u s .................
L o a n s A d iso’ nts.
C ir c u la t io n ..........
N et d e p o s it s ........
S p e o ie .....................
L e g a l t e n d e r s .. . .
R e s e rv e h e ld ........
L e g a l r e s e r v e ___
S u rp lu s r e s e r v e
Jan . 1
Jan . 1
Jan . 1
Jan. 2
Jan . 1
J an . l
Jan . 1
Jan. 1
J an . 1
Jan . 4
J a n . 12
Jan . 3
Deo. 24
J an . 1
Dec. 24 to Jan. 1
J an . 1
Dec. 2 4
25
23
23
22
23
23
20
23
24
25
24
D ec.
D ec.
D ec.
D ec.
D ec.
23
25
24
25
23
Jan .
Jan .
Jan.
Jan.
Jan .
Jan .
i
1
1
1
1
Jan . 3
2
Jan . 1
2
13 Jan. 3 to J a n . 13
--------to
--------to
15
F eb . 15
15
Jan . 15
15 Jan.
J a n . 20
20 Jan .
* A t ra te o f 8 p e r ce n t p e r annu m .
W A L L S T R E E T , T H U R S D A Y , DEC. 3 4 , 1 S 9 6 -5 P . M .
The Money Market and Financial Situation.—The re
moteness of any possible complications over Cuban affairs
has rendered that subject a much less disturbing element in
Wall Street than it was at the close last week, and the usual
holiday characteristics have become more and more apparent
as this week advanced. The Western bank failures have
caused some uneasiness but their effect is chiefly confined to
territory tributary to the centers where they have occurred,
and business in New York has not been materially affected.
One of the transactions of the week which attracted atten
tion was the sale at the Board on Monday of one million
Government 4 per cent bonds at 1 per cent less than last
week’s lowest price. Since the sale referred to these bonds
have steadily advanced.
The foreign exchange market has declined under a more
limited demand for bills, which, so far as the larger demand
was incident to January 1 settlements, appears to have been
satisfied, and with the lower rates now prevailing the proba
bility of gold exports has disappeared. Unless there should
be new and unforeseen developments, it seems reasonable to
presume that business in this as well as in other financial de
partments will remain inactive until after the opening of
the new year.
The money market has been firmer, owing to shipments of
currency to the West, and the average rates for the week
have been fractionally higher than our last report.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from
to 2 per
cent. To-day’s rates on call were 1% to 2 per cent. Prime
commercial paper is quoted at 3% to 4% per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,413,364, and the percentage of reserve to liabilities was 48*39, against 52*88 last
w eek ; the discount rate remains unchanged at 4 per cent.
1 89 6 .
Dec. 19.
D ifferen* sfro m
P rev . w eek.
1 89 5 .
D ec. 2 1.
1894.
D ec. 22.
a
6 0 ,7 7 2 ,7 0 0
7 3.8 8 5 ,4 0 0
4 8 7 ,0 1 6 .0 0 0
1 9 .7 9 7 ,1 0 0
5 2 3 ,5 8 9 ,9 0 0
7 7 .2 5 1 .6 0 0
8 6 .9 2 0 .6 0 0
1 6 4 ,1 7 2 ,2 0 0
1 3 0 ,8 9 7 ,4 7 5
$
g
6 1 ,1 2 2 ,7 0 0
7 2 .8 7 7 ,9 0 0
4 8 9 .6 4 6 ,6 0 0
1 3 ,9 7 3 ,1 0 0
5 1 7 .2 9 0 ,8 0 0
6 7 ,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
S
6 1 ,6 2 2 ,7 0 0
7 1 ,2 5 9 ,6 0 0
4 9 8 ,2 6 6 ,2 0 0
1 1 ,1 9 1 ,4 0 0
5 5 4 ,5 0 9 ,7 0 0
7 2 ,0 9 7 .0 0 0
1 0 0 .4 3 1 .1 0 0
1 7 2 .5 2 8 .1 0 0
1 3 8 ,6 2 7 ,4 2 5
I n c .*3.*512.500
D eo.
4 4 ,2 0 0
In o .6 ,9 8 4 ,9 0 0
I n o . 6 0 3 ,5 0 0
I n o .2 ,8 1 1 ,1 0 0
I n c .3 ,4 1 4 ,6 0 0
I n o .1 ,7 4 6 ,2 2 5
3 3 ,2 7 4 ,7 2 5 I dc .1 ,6 6 8 ,3 7 5
1 7 .0 8 8 ,8 0 0 i 3 3 ,9 0 0 .6 7 5
Foreign Exchange.—The foreign exchange market has
been dull and easy. The demand for the purpose of meeting
payments due Jan. 1st has been more limited than last week
and rates have declined.
To-day’s actual rates of exchange were as follows: Bankers
sixty days’ sterling, 4 83J£@4 83%; demand, 4 87@4 87%j
cables, 4 87%@4 87%.
Posted rates of leading bankers follow:
S ixty D ays.
D ecem b er 24.
to
D ec.
D ec.
Dec.
Deo.
Dec.
Dec.
Deo.
D ec.
D ec.
Dec.
D ec.
[v o l . L i r a
D em a n d .
Prim e b a n k e rs ’ s te r lin g b ills on L o n d o n ..
a 83
4 84*3
4 83 ® 4 83*4
4 8 2 * 4 0 4 83
5 195 lfl 0 5 1 9 3 s 5 1 8 i s a 5 1 7 J i e
4 0 0 4 O * 16
4 0 34 ® 4 0 5 ip
F r a n k fo r t o r B rem en (reiolim a rks) b ’ kers 9 5 1i«3 > 9 4 l«
9 5 i 1fl»95S h
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying % discount,
selling % premium; New Orleans, bank, par; commercial,
$1 50 discount; Chicago, par; St. Louis, 25o. per 81,000 dis
count.
United States Bonds.—Sales of Government bonds at
the Board include $1,102,500 4s, coup., 1925, at 119 to 119%;
$12,000 4s, coup., 1907, at 111 to 111%; $500 4s, reg.. 1925,
at 120 and $61,000 5s, coup., at 113% to 113,%. The follow
ing are closing quotations :
(
In te rest \ D ec.
P erio d s | 19.
Dec.
21.
D ec.
22.
Dec.
23.
* 95 * 95
* 95
2 8 , mmmmmm mmmmmm -T©g Q .-M oh . * 95
4 s, 1 9 0 7 . . . . . . . . r e g . Q .- J a n . *109*3 *109141 *1095s *1 09 %
111
*110%
*110%
4 8 ,1 9 0 7 ___ .. .c o u p . Q .- J a n . *11034
4 s, 1 9 2 5 .............. reg . Q .- F e b .1* l l 9 1s *119
- U 9 Q *119*3
4 s, 1 9 2 5 ........... o o u p . Q .-F eb.| 119*s 119
119=8 1 19%
5 s, 1 9 0 4 - „ .„ ....... reg. Q ,-F e b . *113*« *11313 *113*3 *113*3
5 s ,X 9 0 4 ___ ...o o u p . Q .-F e b . *113*3 H 3 ’ e 113% ’ l l 3*3
6 s, o n r ’o y ,’ 9 7 . . .r e g . a . di j . i* 9919 " 99*s * 99*3 * 99*3
6 s, o a r ’e y ,’ 9 8 ...r e g . ,T. & J . *102Si *1 02 % *102% *102%
6 s, o u r ’e y ,’ 9 9 . . .r e g . J . <Ss J . 1*105*4! * 1 0 5 Q *105*3 *105*3
*102
*102
*102
4 s, (C h e f .jl8 9 6 .r e g . M a r c h .1*102
*102
*102
*102
4 s, (C h e r.)1 8 9 7 .re g . M a rc h . *102
*102
*102
*102
4 s, (C her.) 1 8 9 8 .reg . M a ro h . !*102
*102
*102
4 s, (C h e r .)1 8 9 9 .r e g . M a r c h . 1*102 *102
* T h is is che p rio e old. ac cue m o rn in g o o a ru , n o saoo
D ec.
24.
* 95
*10934
111%
*1 19 %
*119*3
*113*3
*113*3
* 99*3
*102%
*105*3
*102
*102
*102
*102
ju.*
D ec
25.
◄
Q
3
0
a
State and R ailroad Bonds.—Sales of State bonds at the
Board include $16,000 Virginia fund, debt 2-3s o f 1991 at
61% to 61% and $2,000 Tenn. settlement 3s at 81.
Business in the railway bond department has become more
restricted day by day as the holiday season approaches.
Changes in quotations are generally unimportant, the ad
vances of 1 point or less in some issues being offset by a
corresponding decline in others. The strong features of the
week include Reading, Southern Ry., Mo. Kan. & Texas
2ds and the new Northern Pacific bonds (when issued).
The active list includes in addition to the above Atchison,
St. Louis & San Francisco, Texas & Pacific, Rio Grande
Western, Union Pacific, Kansas Pacific, Rock Island, Burl
ington & Quincy, Ohio. & No. Pacific, Mil. & St. Paul, Ore.
Railway & Navigation, Ore. Short Line, Louisville & Nash
ville, Ches. & Ohio, Brie and Wabash bonds.
R ailroad and Miscellaneous Stocks.—The stock market
quickly reacted from the depression noted at the close last
week, and on Monday the active list showed a recovery of
from 2 to 3 points. The announcement of several bank fail
ures in the West, unsatisfactory railroad traffic reports and
rumors of reduced dividends were used by operators on the
short side to depress the market, and the close is in most
cases a fraction below the best prices of the week. Some of
the investment shares show the widest fluctuations, includ
ing Delaware & Hudson, Central of N. J., Lake Shore and
New York Central, but the limited volume of business in
these stocks shows that they were manipulated by the pro
fessional element, and the movement therefore has little or
no significance.
The miscellaneous list has been relatively strong and
stocks of this class are an average o f between 1 and 2 per
cent higher than last week. American Tobacco has been a
conspicuous feature and steadily advanced, gaining 4 points.
U, S. Leather preferred has advanced 3% points Am.
Sugar has been steady and closes with a net gain of
P er
................... -
.
D eckmbbr
THE
1896.]
CHRONICLE,
1147
.VENT YORK STOCK EX.CH.1NRE -A C T IV E STOCKS fo r toeek eaiiny DEI. « , and since JAN. 1, 1806.
H 1D H E B T A N D L O W E ST P R IC E S .
S a tu rd a y ,
D e c . 1 9.
T uesd ay,
D eo. 2 2.
.M onday,
D eo. 21.
13%
1 3 V 1 3V 13%
2 1% 22%
21%
21%
%
%
%
%
1 4 V 1 4 V *11V
15V
2 0 1 *18 V 2 0
*18%
*54%
54
4 6% 447V 4 7 7s
45%
99%
102 ^ 102 V 103
15% *1 4V 1 5V •14V
15%
15
1 5 V 15%
163
*160
'1 6 0
7 1 V 7 0%
70 V
72 V
*40
50
'4 0
50
101
■95
101
•95
72
73% i 7 2 V
72*8
1 30 %
130
•130 132
1 02% 1 0 1 V
1 01% l o l
\1 -1ft L> 1 5ft
6
4%
66V
65V
6
5
7s
64V
47
47V
47 V
46V 46V
*130
140
125 135
•130
254 25V
25
25
12%
21V
•v
•14%
•18%
54
46
101
'1 4 V
15%
§163
6 9 7s
•40
*95
71
130
101
*
18
1 6 4 17 I 18
56
54% 5 2%
*48
125 i 1 2 3 4 1 2 4
■ jm
156 1 5 8 4
' 40
144
424!
144;
2 6 | '2 7
28
*118 123
’ 118
9 5 I “91
'9 2
7%
•7
•23
28
•23%
1 7% 17% *10
•68
6 9% *63
154 j 154
152
§4 8% 48% •45
46%
4 6 4 47
*4
•4
*»
•1
*1
86
85 4
107
107
107
91
§94%
•92
19% *•8
•16
•75
78
*75
48%
47
•47
12%
12% 12 0
264
254 264
19
13% 1 9 4
2141 *20
174
*13%
•45
174
117% 1 2 3 4
12%
42
14%
*27
**
!'1118
18
|
934
•74
2 6 V' *25
18 Vl • 1 6 4
7 0 1 §7 0%
1 5 4 V 155
45
50
474
434
#%
4
*1
2
86%
90
107 *107%
91% §9 2
•18
19
*76
80
47%
43%
1 2%
12%
2 74 ) 26%
19 4
204
8:
123
94
22
| 20
y .'.y .
......... 4 5
93
914! 9 1 4
11
'1 1 4 12
*71
........ 7 3
25
•25
28
1 7 6 4 1 7 8 4 *1 7 6 4
144
1 4 4 14%
*9%
10
’ 24
2 4 % 25
*lo 11 *10%
• 1 5 4 1 6 4 '1 5 %
12%
1 2 % 12%
314
3 1 4 31%
'1 4
•U
24
36
*30
*36
25
25
264
124
lrt ’
13%
13
•45
50
*45
53
•.......... 4 5
'
9 3 % 94
* 1 1 4 12
•60
71
*2.5
23
1764 1764
1 3% 1 4 4 !
9%
»%
25 I
25
ll
•10
•154 1 64
1 2 4 12%
3 04 314
24
*14
39
*36
•116 % u b ‘
uTT* i i a
60
6 0 | *54
•54
*44
4%j
'4 4
5
344 344
*3 44 36
124 124
•124 1 34
4
3%
4
3%
10
•9
1 3 V 19%! • l9
“80
87
M7
•75
L17 •111
115J
111
1 4 V 14%
1 4 V 15
9%
UQ
9
9V
26
25 V 2 7 »*
25
9%
8%
0V
8%
9%
8V
8V
MV
3
3
*2
•2 V
6%
0
6V
6
1*
15V
14% 15%
7%
0%
fl7s
7V
32
32
•27
•27
T h u rsd a y,
D ec. 24.
F rid a y,
D e c. 25.
*17
.
118
155
*1 1V
42
*14V
18
57
120
15";
12%
42
15
*17
18
57
*51
119
1214
156
*11% 12%
*41% 42%
*14% 15
28 !
1784!
14 41
9%
25
11 I
17
134
32
24
39
26
13
52
......... 45
......... 45
92% 9 3 4
92 4 93
* 1 1 4 12
• 1 1 4 12
.........
73
*61
73
'2 5
28
•26
28
177
178
17641784
1 4 4 14% 514% 14%
10
§84
84
’8
* 2 3 4 25
23
2-1
*10% 1 1 4 •10% 1 1 4
•15% 16% '1 6 % 17
12% 1 3 4
134 134
3 1 % 3 1%
3 1 4 31%
§1
4
14
•14
24
35
39
*36
39
2 5 4 25%
24% 2 5 4
1 2 4 13
12 4 12 4
‘ 45
52
•45
52
B
O
r
S
►
>4
' 1 1 6 ’ ll8 * * •lie-’ us*
117
•55
60
60
'5 6
60
*4
4%
4%
•44
44
§3
3%
33%
34%
♦34
36
4 i% |
13
12
12 4
1 2 4 ( •12
12
*3%
44
4
44
44;
*3%
10
*9
* 8%
94
94
*8%
19
*20 .......... l •19
■81 . . . .
•80
87 i •81
112 115
111 1 15
*
14 V 1 4 V
1 4V 14V
14% 1 4 %
9V
$9V
§9%
!1V
94
9%
26 V 2 6 V
26
20V
2 6 4 26%
9Q
*87s
*0%
9%
9
9
9
9V
9%
8 7s
9
»V
3
•2
..........
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3 I
«%
6V
0%
6%
6V
6%
15% 15 V
15% 1 5 V
1 5 4 15V
7
6%
« 7S
6V
6%
7V
32
•27
32
•27
32
2%
•2
2V
3 | •2
117
'5 6
512
12V
•10
11 V * 1 0 4 12
52
52 j
*50% 52% '5 0 % 5 2 V
11% 12 V> 1 1 V 12
11%
I t V 12%
2 6 4 2 6 V ' 25 V 25V
20
26 .
1 0 9 4 111V 100V H O
1 1 0 4 1 0 9 4 111
101
5100 1 0 1 V
1014*100
iOO% 100% 10
78V
77V 79V
. 6 4 77
76'
102
*101 1 0 3 ,
4
1
0
1
4
1
0
1
4
102
101
1V
11
H 1^
U
U 17.1V
1 0 4 1 It
72
72V
71% 7 3 4
72
7 1%
146 V 1 4 4 1 4 4 V
1 4 7 4 144 1 4 6 4 145
31V
31V 31V
3 0 % 31%
31
30%
23
23 |
23
2^
23
86
86 j
86
8
5
4
§85
8 6 4 §854
-4 V
4 7s
4%
4 7S
4%
4%
23 V 2 3 V!
t f * 2 4...Ii *95
23 4 2 4 4
234
........1
........ . *9t
.......... I '9 4
153 5150 V 153 ;
1 5 0 15151 153 I&152V
65 V 6 5 V * 6 5 V 65V ]
6 5% i * 6 5 4 8 5 V
9V m » v b m
101
9V
9V
§94
25
24 V 25V
2 4 4 2 5 4 ! 24 4 25 V
■8 V
3V
8
V
8%
84
04
84
60V 61V
80Q 5 9 V 60
59
57% 68%
2
24 V
2
5
.
.
.4
------2
4
2 1 % aftV
2 4 4 24%
8 1 V »3 1 V 8 1 V ;
•80
814
80
8>
8
3
V
8
l
78
82V 1
82V
81% 8 3V
8 1 4 82%
* T h « « a re b id an d a sk ed ; no sale m ade.
Less th a n 100 shares.
10
•50 V
1 0%
254
109
§101
74%
101
104
704
145
30
22
1864
4%
23
*97
150
•05 4
11
Sales oil
R an ge f o r y e a r 1896.
th e
[O n ba sis o f 100-share lo t*,\
W eek,
Shares.
L ow est.
H igh e st.
8,100
10,542
910
725
211
100
2 ,5 1 7
5,113
8 V A ug. 7 18 N ov. <fr
1 4 V A u g. 7 2 8 V F eb 2 4
1 N ov. 2 0
V J u n e LO
1 0% Sept. 2 44 Jan. 27
18 A u g. LO 25 V A pr. 2 »
52 J an. 4 62% M ay 27
4034 A ug. 7 5 1 V Feb. 1 0
87% A ug. LO 110 N ov. 4
13% Aug. 22 16V N ov. 2 7
6 ,310 11 A ug. 8 18% N ov. 1 0
5 $146 A ug. 11 164 N ov. 9
99,961 53 A u g. 7 83% N ov. 1 0
3 7 V A ug. 10 43 Jan. 18
9 0 A ug. 11 100% Mar.
88,837 59 78 A ug. 10 80 N ov. 4
476 1 1 7 V A ug. 7 131
D ec. 4
4 ,945 85% A ug. 10 L06% A pr. 2 3
246 1 4 0 V A ug. 28 150 June 3 0
20,285 49 V A u g. 7 7 4 V Feb. 2 4
1,965 3 0 V A ug. 8 49% D ec. 4
117 Jan. 7 133
D ec. 1 4
637 19% A u g. 8 39% Feb. 1 0
73 A u g. 7 90% Feb. 2 0
630 12 V A u g. 10 2 0% N ov. U P
100 48 D ec. 18 60 J u ly 2 2
7,105 1 1 4 V A ug. 10 1295ft Feb. i i
138 A ug. 10 166 June b>
4
10 A u g. 25 14
Feb
207 3 7 A ug. 7 51 Feb 2 4
Do
350 10 V A ug. 7 17% N ov. O'
E r i e .............
Do
27 J u ly 29 4 1 % Mar. 1 7
13 A ug. 6 25 Mar. US’
Do
100 2 4 A u g. 15 3 4 % Feb. 24
108% Mar. 13 122 N o v 24110 8 4 V A ug. 11 98 Jan. HI
I llin o is C e n tra l..............
10G
5 V A u g. 13 10% Feb. 7
Io w a C e n tra l.................
110 19 A u g. 7 38 A p r. 2 3
D.
21C
1
2 V A u g. 10 22% Feb. f»
L a ke E rie & W estern ..
205 5 5% A ug. 8 75 Feb. 7
Do
1,051 L34V Jan. 7 156 D e c. 8 '
972 4 2 D eo. 2-j 84 Jan. 7
L o n g Isla n d ...........................
25,652 3 7 V Aug. 2t 5 5 V Feb. 2 4
L o u is v ille A N a sh v ille........
V N ov. 25 10% Feb. IS
1 N ov. 23 24% F eb.
Do
M anh attan E le v a te d ,o o n s o l.. 52,718 7 3 V A u g. 13 1 1 3 V F e b . I I
710 7 9 V A u g . 10 114 N ov. I S '
M e tro p o lita n T r a c t io n ...
g. 28 9 7 7e F eb. I P
46 89 A u
ug.
M ich iga n C en tra l...............
. 2 1 % Feb. 21*
u g. 21
100 1 2 A------a
M inn eapolis & St. L o u is.
54 A u g . 8 83 F eb . 21*
Do
1 st p r e f.
53 V A pr. SSSi
3
0
A
u
g
.
10
100
Do
2d p re f.
7 00
9 V A u g . 6 1 4 V N ov. 11/
M issou ri K a n sa s A T e x a s ........
3 1 V Feb. 2 5
1
6
J
u
ly
20
0 ,185
Do
p r e f.
7 ,3 0 6 15 A u g. 7 2 9 V A p r, 2 4
M issouri P a o l f l o . ................ ..
25 J an . I I
A
u
g.
10
14
M ob ile A O h io ..............................
2
570 O ct. 2 670 O ct.
N a8h v.O hattauooga& S t.L ouis
5 1 V Jan . 28
A
u
g.
14
620
N ew E n g la n d .............................
5 ,3 5 0 88 A u g. 6 99 V F eb. ID
N ew Y o r k C en tra l A H u d so n .
9 A u g. 11 15 Jan . 2 2
N ew Y o r k C hloago A St. Louis
""so 6 7 V J u ly 28 8 0 Jan , 2 2
Do
1 st p r e f .
2
0
A u g 10 3 5 V A p r. I S
Do
2 d p r e f.
100 160 J u ly 23 186 F eb. 1 0
N e w Y o r k N e w H a v e n A Hart.
1
1
V
A u g . 10 16*% N o v . 1 0 '
3,265
N ew Y o rk O n ta rio A W estern.
6 A u g. 11 l l 7s J a n 3 1
200
N ew Y o rk Susq. A W e s t , new .
12
A u g. 8 3 1 V F eb. 6
1,270
Do
p re f.
t% A p r. 29 12 V N ov. 1 0 1
N orf.A W estern ,a ll Install pd.
»4
V
M
a y 8 1 9 V N ov. 1 0
D o p re f.,tr.o tfs.a lltn s .p d .
2,879 12 V D e c. 18 13 V D e c . 1 7
N or. P a cilic R y. v o tin g tr.otfs.
30
V
D
ec.
18 3 0 N ov. 1 4
3,795
Do
p re f.
15 514 D ec. 24 i 14 D eo. 24*
Or. R R . A N a v .C o . vo t.tr.o tfs.
38
D
ec.
14 4 0 V D e c . 2
40
D o p re f., v o t. tru st.ctfs.
31V N ov. 10
Phlla. A R ead in g a llin s t. p d . 4 7.3 90 t 2 V Jan.
18 V Feb. 7
11
A
u
g.
1,300
P lttsb n rg C in n . Ohio. A St. L .
4 0 V A u g. 12 59 F eb. 2 7
Do
pref.
1 8 V F eb . HP1
6
F
e
b
.
8
R io O ran d e W e ste rn ................
250 108 Sept. 15 118 J an . 3*
R om e W atertow n A O gdensb.
6 0 V J an , 3*
5
3
A
u
g
.
14
St. L ou is A lt. A T . H .,tr.reots
5 V D e c. 4’;
4 D e c. 16
‘ ” 72
St. L . & San F r., v o t. tr. o t fs .
3 7 D ec. 7
3
4
V
D
ec.
21
143
Do
1 st pref.
4 42 12 D ec. 22 1 4 V D e c , 41
Do
2 d p re f.
5 V F eb , 7
2 7s A u g. 10
2,100
St. L ou is S ou th w estern ...........
6 V A ug. 7 13 F e b , 265
300
Do
p ref.
27
V F eb , 2 4
15
Sept.
16
400
St. P a u l A D u lu th ___ _________
7 5 D eo. 8 91 F eb . ID
Do
p ref.
115
Jam 1 4
105
A
u
g
.
11
St. P a u l M inn. A M a n it o b a ...
1 ,5 9 0 1 4 N ov. ' 22 V J am 1 4
S outhern P a olflo O o..........
1
1
V
N ov. 1 0
6
V
A
u
g.
3
,7
4
0
S o u th ern ,votin g trust, o e rtlf.
33 V F eb. 25
D o p re f., v o t in g tru st, e e rt. 16,855 15 V A ug.
12
N ov. 1 0 '
5
A
ug.
2
,4
7
0
T e x a s A P a o lflo ..........................
1 2 V N ov. 4S V Jan.
7 ,9 7 0
U nion P a e lilc trust r e o e lp ts ..
5
V
F eb. IS
I
V
A
u
g.
29
U nion P a ciflo D e n v e r A G u lf.
8 N ov. 9 1,090
4 V A u g.
W stiaeh............. .. .................... .
19
V
F eb . 2 4
1
1
A
ug.
5,495
Do
pref.
5 V A u g. 27 1 3 V F eb. 1 4
W h e e lin g A L a k e E r i e . . . . . . . . 1 8 ,2 6 0
4
0
V
Feb. 1 3
2
0
V
A
u
g.
8
Do
pref.
4 V F eb . 2 4 .
I V A u g. 21
W lso. C an. C o., v o tin g tr. o t fs .
t lls c e lla n e o u * S to c k s.
8 J u ly 20 19 J an . 7
315
A m erican C o tto n O il C o ..........
290 37 A u g. 10 69 F eb . I B
Do
pref.
4 V A u g. 7 1 4 78 N ov. 1U
A m e rica n S pirits M fg. C o----- 10,561
1,010 1 5 V O ct. 20 33 V N o v , 2,v
Do
pref.
A m e rica n S n ga r R efin in g C o. 115,659 9 5 A u g. 10 126 V A p r. 2E
645 9 2 V A u g. 8 105 V J u n e 1 2
Do
pref.
A m e r ic a n T o b a o o o C o ----------- 17,252 51 A u g. 10 95 A p r. *
520 95 A u g. 4 105 N o v . 6
Do
pref.
7 O ct. 16 3 3 M a y 5
2 ,9 9 0
B ay S tate G a s ............................
C hioago G as C o., certs, o f dep. 22,4 77 4 4 V A u g. 8 7 8 V N o v . 7
7,046 133 A u g . 10 168 N ov. 2 4
C on solid a ted Gas C o m p a n y ..
12,045 2 0 J u ly 16 3 9 V M ar. I S
G eneral E le c tr ic O o . ._ ...........
2 ,8 0 0 1 6 A u g. 10 28 V A p r. 2 1 N ation a l L e a d C o ........
203 75 A u g. 27 92 V N ov. 1 9
p re l.
Do
6 V F eb. 2
3 V A u g. 7
645
N orth A m e rica n O o ...
2 ,422 1 5 V A u g. 7 31 F e b . 1CT
P aciflo M a il..................
P ipe L ine C ertificates.
164 F eb . 11
400, 138 A ug.
P ullm an P a la ce Oar C om p any
7 0 F eb . 2 4
57,0 00 6 2 V N ov.
Stiver B u llio n C ertifica tes—
8 V D ec. 14 12 V N ov. 2 7
2 ,9 6 5
S ta n d a rd R o p e A T w in e .........
34 V Feb. 1 0
13
J
u
ly
2
0
0,396
T en n essee C oal Iro n A R R . ..
5 V J u ly 16 l l 7e F eb. 8
2 ,2 9 0
U n ited States Leather C o.......
6 9 V F eb . 1 4
4
1
V
A
ug.
10
8 ,6 8 0
Do
pref,
7,700! 1 4 V A u g. 8 29 J an . I S
U n ited S tates R u b b e r Oo........
89 J an . I S '
65
O
et.
12
1,115
Do
p re f.
17,701 7 2 V A u g. 10 9 0 V N o v . I X
W estern U n io n T e le g r a p h —
A t.T o p . A S .F e, a llin sta l. p aid
Do
p re f.
A tla n tic & P a e l f lo ....................
B a ltim o re & O h io......................
B ro o k ly n R ap id T ra n s it.........
C an ad ia n Paottlo......................
C an ad a S o u th e rn _______ ____
C entral o f N ew J e r s e y ............
C entral P aolflo............................
C hesapeake A O h io ...................
C h ioago & A lt o n ........................
C hioago B u rlin g ton A Q uincy
C h ica go & E astern I llin o is ...
Do
p re f.
C hloago M ilw a u kee A St. P aul
Do
p re f
C h ica go & N o rth w e s te rn ___
Do
p r e f.
C hloago R ook Isla n d A P a o iflc
C hioago St. P aul M inn. <fcOm.
Do
p r e f.
C leve. Clnoin. C hic. A St. L ...
Do
p ref
a m bus H o e k in g V a l. & T o
Do
p re f
D e la w a re & H u d s o n ...............
*27
32
32
32
*27
123
'1 1 8
123
'1 1 8
122
9
4
*9
4
*91
93
4
934
7%
7%
*74
•74
7%
*25
27
28
26
27
1 6 % 1 6% * 1 6 4 1 8 4
134
69
69
69
69
70 4
1152% 154
1 53 % 1 53%
155
42
42
'4 5
50
48
4 7 % 48
47
4 7%
4 3%
4
*
4
4
'4
4
'1 4
24
*1
2
8
7
4
8
3
4
8941 8 6 4 8 8 I
1034 1084
*107% 109
109
93%
95
}9 3 V
'1 7
20
20
•13
19
*76
78
•76
73
78
•47
49
49
47% •47
12 % 12 %
12%
12 V 12%
26% 2 7 4
27%
2 6 4 26%
$19%
19%
19% 19%
204
*19
22
•20
22
22
45""
944
12
STOCKS.
Active RR, Stocks.
1 3% 13%
1 3V ' 13
13%
2 1 7s 22
2 2 V 22%
22 V
*%
V
•v
%
%.
15%
15% 15%
1 4 V 15
19% 19%
20 1 •13V 20
*55
56
'5 5
56
56
46
46%
48
446V 46%
102
9 9 % 100%
99*4 100%
15% *14% 15% *14% 15%
16
16
15% 16 V
15%
*160
*160
7 0 % 7U7s
71%
70
72 V
*45
00
'4 0
50
45
*95 101
101
*95 101
72% 7 3 %
73V
72 V 73
§130% 1 31%
130% *130% 132
101% 101%
1 02 V *101% 102
S149Hi loO U
6 5% 6 6%
6 6 7s
65 V 66
*47
48
47
47 V $47
*125
135
•130 1 35
135
25% 25% '2 5 4 2 6 4
* ii%
42
14%
W ed nesd ay,
| D eo. 23.
t B e f o r e p a y m e n t o f a n y Instalm ent.
fr
THE
1148
sew
CHRONICLE.
[V ol. l x i i i .
VORK STDCK EXCHANGE BRICES (Co a tinned I— [W AO riVR STOCKS.
D ec. 21.
I n a c t iv e S t o c k s .
1 1 n d ica tes u n lis ted .
B id. ; A sk.
'
,
170
8%
22
......
1 02
15
P re fe rre d .
C h ica go G reat W estern .
.....
......
__
162
7%
50
4
P re fe rre d .
E v a n s v ille & T erre II. p r e f.
F lin t & P ere M a rq u e tte .. . ..
P re fe r re d ..................................
L ow est.
Dec 24.
I n a c t iv e St o c k s .
ff I n d ic a te s n n lis te d .
H igh est.
rx Indicates actual sales.;
B id.
A sk .
R a n g e (sa les ) in 1 89 6 .
L ow est.
Ifliftcellaneoua S to c k * .
R a ilr o a d S to ck * .
P re fe rre d ....................
B alt. & O. 8 . W . p re f.,
R a n g e (sa les) in 1 896.
......
41
___
5 Hi
2
13
7=4
11
162*4
116
62
13
21%
P re fe r re d ....................................... 100
Meixicau C e n t r a l.................... .. .1 0 0
M ex ica n N a tion a l tr. o t f s ..........100
tCOrris & E s s e x .............................. 50
V . Y . L a ok . & W e ste rn ................ 100
■ o r fo lk & S o u t h e r n .............. .. 100
N orth. P a c.. J. P. a
M. & Co. c t fs .1 0 0
P re fe r re d ....................................... 100
O ljio S o u t h e r n .............................. 100
Or. S h.L ine A U .N .tr.rec.,a ll p d .1 0 0
2
Ffcona D e ca tu r & E v a n s v ille ..1 0 0
5
Bfcoria * E a s te rn ....... . .
-w> .100
R t t s . F t. W . & C bio. g u a r ......... 100 162
Pitta. & West, p r e f...........................50
insseiaer & S a r a t o g a . ... .........o O 180
o G ran d e W estern p r e f ......... 100
20
T oled o <fe O hio C en tra l......... ..
100
50
P re fe rre d ........
100
T ol. St. L . tte K an. C ity il----100
170 J u ly
6=a A us.
1 7 1* A u g.
7 Feb.
100 O ct.
10 Jan .
51 M ay
7 0 M ar.
1
O ct.
5=4
36
A u g.
155 Jan .
5 A u g.
9
51
A p r.
6
3 % J u ly
10=4 10*4 A p r.
45
43 D ec.
13
F eb.
30
N ov.
8
6 % May
3
2 Jan.
12 J u ly
15
9
6% A u g.
% M ay
167
1 50
A u g.
100 4 A ug.
70
63 % Sept.
133s
=4 M a y
22
10
A p r.
5
It
25
6
105
22
65
3
8
a
35
75
N o p rice F r i d a y ; la te s t p rice th is w e e k .
183=« M a y
11 *4 Feb.
29 7b Feb.
7
Feb.
1 02 M ay
25
M ay
62=c M ay
70** D ec.
103g J u n e
54** M ay
162
M ay
9 ** J une
60 J u n e
6 Jan.
14*4 Feb.
50
Feb.
16
Feb.
43
F eb
8 Jan .
3*4 Mar.
18
Feb.
12
Feb.
2*8 Feb.
3 66% Feb.
12<» J a n .
7 0 M ay
1 6 7s N ov.
28 5h N ov.
1*4 June
3 78 Feb.
3 Jau .
7** N ov.
150
A ug. 166
Deo.
181
O ct.
32
75
5
Juno
A p r.
Feb.
183
46*4
35
75
5**
A d a m s E x p r e s s ...............................100 148
158
A m e rio a n B a n k N o te C o U ..........
40
42**
A m e r ic a n E x p r e s s ........................ 100 U l l
A m er. T e le g ra p h & C a b le ..........100
85
83
B a y S ta te G as 11............................ 50 U 1
85
B ro o k ly n U n io n G a s..................... 100
891*
B ru n sw ick C o m p a n y ....................1 00
1
C hic. J u n o . R y . <fe S to ck Y a r d s . 100
C o lo ra d o C oal & I r o n D e v e l- .- 1 0 0
1
23
C o lo r a d o F u el & I r o n ..................100
241*
P r e f e r r e d ...................................... ICO
C ol. <fe H o o k . C oal tr.rot8.3d,pd. 100 " 5
e
C o m m e rcia l C a b le ..................... ..1 0 0 150
272
34
40
C o n so l. C o a l o f M a ry la n d ..........100
100
101»*
E d iso n E lec. 111. o f B r o o k l y n ..100
E rie T e le g ra p h <fc T e le p h o n e ..1 0 0
64** 6 5i*
41
Illin o is S te e l............. ......................100
45
In te rio r C on d u it & I n s ...............100
;24**
70
P r e fe r r e d ....................................... 100
80
M ary lan d C oal, p r e f ......................100
45
52
M ich ig a n -P en in su la r C ar C o .. .1 0 0
P r e fe r r e d ....................................... 100
53
56
12
14i*
5
6
19%
.1.
3 1 5 I.
1%
1%,
12
P r e fe r r e d ...................................... 100
UO*
1
Dec.
Feb.
M ay i
A p r.
A or 1
40
, F a rv o E x p r e s s .................100 l\Oo
45
135
A u g.
H igh est.
154
No t .
105
78
7
A u g. 116 ’ ’ M a y
A u g.
97 M ay
Oot.
33
M ay
* Aug.
96 N ot
i* F eb.
1% N o t .
86
A u g. 105
D eo.
H J u ly
4*« J an .
3 4 1* F eb .
14 Ss A ug.
90 M ay
98
Feb.
5i* N o v .
162*4 A p r. 169 D eo.
30
M ar. 3 2 % M a y
89 JaD. 1011* D e o ,
96
Sept. lOOH N o v ,
58
O ct.
67
D e c.
33
a u k .
75
A p r.
35
F eb.
35
F eb .
17
J u ly
30 A p r 1
^6*4 A p r.
68 D eo.
52
52 D ec.
Dec.
15 N o v .
15 N o v .
58
N ov.
00
F eb.
40
7
2 F eb.
A uk .
l l * e D ec.
2 lH June
4 % Jan .
7% N o v .
5
8 7s Feb.
A uk .
8 Jau.
15 M ar.
4% J an .
=4 J u r e
320
A p r. 3 4 0 J u n e
1 % A p r.
2 i* Nov..
14 J u n e
10*4 D ec.
121* N ov.
8=6 D e c.
751
5
12
35
80
Jan .
8 70
A ug.
28
A UK. 4 8
A uk . 101
N ov.
N ov.
A p r.
F eb .
J A ctu a l sales.
NEW TORE STOCK EXCHANGE PRICES.—STATE BONDS DECEMBER 2 4 .
S E C U R IT IE S .
A la b a m a —C lass A , 4 t o 5 .........190 6
C lass B , 5 b ................................ 1 906
Class C, 4 s .................................. 1 906
Ottrrenoy fu n d in g 4 s ............. 1 920
A rk a n sa s—6 s, fu n d ,H o l.l8 9 9 -1 9 0 0
d o . N o n -H o lfo rd
7s. A rk a n sa s C e n tra l R R —
L o u isia n a —7 s , e o n s ................_ .i 9 1 4
S ta m p ed 4 s ............. . - .....................
F e w o o n o ls . 4 s ......................... 1 914
B id .
A sk,
104
104
96
92
9 6 i*
S E C U R IT IE S .
New York City Bank Statement for the week ending
Dec. 19, 1896. We omit two ciphers f 00J in all cases.
B an ks.
(00s omitted.)
C a p it a l S u r p l ’s
L oans.
B id .
M issou ri—F u n d ........... 1894* 1 39 5
N orth C a r o lin a —68, o l d ........... J& J
F u n d in g a c t ...............................1 90 0
N ew b o n d s, J & J ..........1 8 9 2 -1 8 9 8
C h a th am R R .....................................
S p e c ia l t a x , C lass I ........................
C o n s o lid a te d 4 a ....................... 1 91 0
6 s ................................................... 1 919
S outh C a r o lin a —4 »*s, 2 0 -4 0 .. 1933
6 s ,n o n -fu n d ..............................18R£
S p e c ie .1 L eg a ls. D eposits.
A sk .
iS E C U B iT IE t.
T e n n e s s e e —6 s, o l d ..........1 89 2-1898
6 s, n e w b o n d s . . . . . . 1 89 2 -8 -1 9 0 0
do
n o w s e r ie s ..................1914
C o m p ro m is e , 3-4-5 6 s ........ 1 912
3 a ........................................... ...1 9 1 3
R e d e m p tio n 4 s . . . . . . ..............1907
102% 1 0 4 ”
do
4 **s..................... 1 913
P e n ite n tia r y 4 His....................1 913
120
V
irgin
ia
fu
n
d
e
d d e b t, 2 - 3 s .. .l 9 9 1
102**
6 s. d e fe r r e d t ’ s t r e o ’ t s , sta m p e d
**
i>*
B id .
80
61%
7 I
A sk .
82*2-
7**
New York City, Boston and Philadelphia Banks:
Capital a
Surplus.
Specie.
Legals. Deposits.-* OircfVn Clearings
Loans.
|
tjj
<J*
$
N . Y .*
$
N ov. 21.. 134.521.4 454.962.0 76,175,41 72,204,0 476,295.3 20,331,9 721,445,0
“ 28.. 134.521.4 463,818,2 76.613.0 77.457.2 490.034.3 20,218,0 568,662,9
Dec. 5.. 134.521.4 472,441,8 75,676,9j 82,299,0 502,046,0 19,99 7,7 681.863,0
“ 12.. 134.521.4 483,503,5 76.648.1 84,109.5 516.605,0 19.841,3 576.340,3
“ 19- 134,658,1 487.016.0 77,251,6! 86,920,61523,589.9 19,797,1 623,405,2
Bos.*
Dec, 5.. 69.351.8 162.463.0 9,676,01 7,273,0|153,898,0 9,979,0 114,,879,7
“ 12.. 69.351.8 163.877.0 9,843,0, 7,972,0 154,859,0 10,061,0 96,,179,8
“ 19.. 69.351.8 165.093.0 10,444,0! 8,261,0 155,650, Oj 10,076,0 94,,810,7
P hila. •
100.364.0 6,885,0 68 , 671,8
30.292.0
Dec. 5.. 35.263.0 100.891.0
100.850.01 6,999,0 56, 623,5
30.936.0
“ 12.. 35.263.0 100.590.0
101,547,0 6,965,0 63, 093,531.479.0
“ 19.. 35.263.0 100.558.0
* We omit tw o cii 'hers in all these figures.
f in clu d in g fo r 1loston and Philadelphia the item “ due to other b an k s”
Bank o f N ew Y ork . $ 2, 000,0 $1 ,853,6 $12,,620,0 $2,05'
050.0 $1,200,.,0 $12,170,0
Manhattan Co.......... 2.050.0 2 ,146,2 13,,363,0
3,219,0" 16,154,0
608.0
Merchants’ ................ 2 , 000 ,0 , 998,7 *" ,017,3
1,921,
12,801.9
624.5
M echanics’ ............... 2 , 000,0 2 ,167,2
7.724.0
1,536
127.0
,599,0
A m e r ic a ................... 1.500.0 ~ ,508,4
2,416,
19.108.3
296.2
,174,6
.enix.. . . . . . . . . . . . . . 1 ,000,0
803,
3.780.0
,954,0
347.6
284.0
26.678.6
456.2
1,920,
,557,6
1 , 000,0
,233, \
Sdesmen’ s........
452,
1.773.0
80,7
750.0
,043,6
215.3
J£mical...............
,434,9
,330,4
4,093,
22.225.0
300.0
,556,1
terehants’ E xch ’ge
508,
175,1
4.878.8
,302,2
600.0
831.3
,(llatin................
,624,6
1,277,
5.191.1
1,000,0
,251,1
550.3
—Aitchers’ & Drov’rs’
1.236.2
209.6
300.0
189,,2
,311,0
153,G
hfechanics’ «fc Trad'a
445,,0
278.6
2.135.0
400.0
,840,0
265.0
Gxeeuwich...........
178,,8
158.4
882,5
200.0
112.3
929.7
Leather Manufac’ rs.
492.4
2.465.4
518 ,0
600,0
782.8
328.7
Seventh.....................
Miscellaneous and Unlisted B on d s:
97,3
300.0
,506,9
233,,6
1.783.4
244.9
S tate o f N ew York
527,.1
500.9
2.779.5
1. 200.0
,436,0
214.9
Axne ican Exchange 5.000.
,527,6
0
.794,0
4,780,,0 18.316.0
,610,0
M is cella n eou s B onds.
M i s c e l la n e o u s B o n d s .
C o mmere o ______
3,222,,5 17.871.1 Amer. Spirits M fg., 1st 6 s..
,589,7
5.000.
0
,946,2
,028,0
73 b. Int, Cond. <fc Ins. deb. 0a____
Broadway.............
,598,8
1 . 000 .
0
,715,9
558,,5
4.676.8 Br’klyn Un. Gas,1st cons. 5s. lOS^Bb. Manhat. Beach H. «fe L. g. 4s.
718.3
M ercantile................. 1, 000,0
1,452,,4
978.6
,558,2
7.481.0 Ch. Jun. & S .Yds.—Col.t.g.,5s 108 o. Metropol. Tel. <fc Tel. 1st 5 s..
723.4
P a cific...................
482.5
422,7
4 5" .3
2.923.7 Colorado C & I . 1st cons.6s,g.
385.1
,451,9
98 a.
R ep u b lic...............
868.9
1.500.0
,363,4
,132,9
1,27-,,0 13.189.0 Col. C. <fc I. Devel. gu. 5s.......
M utual Union Teleg.—0s, g . .
Chatham...............
,919,2
1,284,,6
967.3
450.0
6.074.6 Colorado Fuel <fc I.—Gen. 5s.
550.0
98 H»b.
Peoples’. .............
235.7
200.0
,597,7
723,
2.675.0 Col. & H ook. Coal <fc I .—6a, g.
248.6
N .Y . <ft N. J. Telep. gen. 5 s..
N orth A m erica...
583.0
,838,5
6.049.2 Cons.Gas Co.,Ohio.—lstg u .S s
700.0
767,!o
873.7
N orthw estern T elegraph—7 «
,661,2
H a n over...............
1,053,7
1, 000,0
3,151..0 21.816.1 Consol. Coal conv. 6s..............
,734,2
95**b. People’ s Gas & C. / 1st g, 6s. 106 b
340.1
fa r in g ...................
500.0
,772,0
461,,1
2.609.0 Det. Gas con. 1st 5 ............... .
234.5
103 b.
381.8
600.0
,605,0
388,,0
3.099.5 E disonE leo. 111. Co.—1st 5s.. 110**a.
484.0
Catizens’ ...............
1st cons. g. 0 s ...................
100 b .
276.8
l^fesan..................
,208,9
,4
539,
500.0
192.0
2.885.0
Standard
R
ope
&
T
.
l
s
t
g
6s.
Do.
of
Bklyn.,
1st
5
s..
71 b .
,631,0
,011,5
Market «ft F u lton ...
900.0
1,273. 6
5.893.3 Equit. G .-L .,N .Y .,cons. g.5 s.
688.7
,311,9
100.9
Snoe <fc Lea h e r ...
545,,1
1 , 000.0
3.494.3 Equitable G. & F .—1st 6s----417.3
96 b
Sunday Creek Coal 1st g 0s.
,292,6
,720,4
1 , 000,0
Corn E xchange. ..
1,570,,0 10.200.7 Henderson Bridge—1st g. 0s.
,350,7
U. S. Leather—S.f. deh.,g.,6a.
,078.2
230.7
1 , 000,0
Cdntinontal............
1,045,:,8
556.0
5.862.3 Illinois Steel deb. 5s..............
W estern Union Teleg.—7 s ... 107 b .
Oriental..................
.744,0
406.8
300.0
415,,2
1.703.2
147.0
W heel.L.E.& Pitts.C oal lsf.5«__ 6 7% a .
Non-conv.
deb.
5s
...............
____________________________
___________
1.500.0 ',500,3
Im porters’ & Trail’ :
5,5.00,,0 25.031.0
,076,0
,166,0
N otk .—“ u” indicates p rice bid; “ a” price asked. * Latest price this w e e k .'
,587,2
;,212,4
2 , 000,0
7,607..1 32.728.1
,737,8
137.7
250.0
B ast R iv e r.............
160,3
316.,3
149.9
1.270.5
Bank Stock L ist—Latest prices this week. (*Not Listed.
3.200.0 1,040,6
,918,3
2,348,,0 20.219.3
,859,6
518.8
cfratTal....................
,556,0
3,757,,0 11.245.0
2 , 000,0
,179,0
644.8
S econd....................
300.0
,612,0
934,,0
5.611.0
892.0
B
ANKS.
Bid. A sk.
BANKS.
Bid. Ask.
BANKS.
Bid. A sk.
333.9
750.0
,010,3
1,382,,6
4.062.4
N jn th.................—
357.5
500.0
,208,5
,875,4
F irst........................
,476,2
2,474,,0 22.082.4
315 330
400
650
244.3
1, 000,0
___,4
,158,5
1,084
9.023.9
Third..........
,470,0
N .Y .N a t.E x
German Am. 108
,314,2
68,0
300.0
210,6
N. Y .N a V lE x ch ’ge.
128.0
1.206.3 Am. h,xch ... 171*2 175
290
360
110
601.5
250.0
,834,0
3.445.0
H pw ery....................
408.0
791.0
225
315
100
250
428.0
1.523.6
200.0
249.3
%ew York County,
498.8
3.031.1
N. A m erica. 130
G reenw ich.. . 165
293.0
750.0
1.540.0
472.1
terman A m erican..
2.432.5 B utch. &L>r.. 120 140
220.7
125 135
315 340
175
.,991,7 1,857,0
500.0 .,445,2
base........................
1,606,4 19.096.5
H ud. Kiver.. 155
P a cific....... 175
,087,6
1.953.8
100.0
831.0
If tli A venn e...........
,153,5
7.582.5 Chase— ........
295 305
550
255 270
1.489.9
606.6
200,0
587.4
erman E xchange.
267.9
3.140.5
4500
140 160
,220,5
679.9
200,0
531.4
rrnania..................
511.4
4.196.3 Chemical —
105 110
170
.271,9
534.6
500.0
kited States.........
895.6
,075,3
6.151.3 C ity.............. 500
125
P rod .E x .*... 115
Liberty*. ..
629,1
617.3
6.335.4 Citlz ns’ ....... 125 135
300.0
n o o ln .....................
818.2
988,9
155
175
775
1,660,3
700.8
4.426.8
200.0
538,8
Oarfisld.....................
821.6
Seaboard___ 171
Manhattan... 205 215
308.4
,603,3
237.7
200,0
1.617.8 C om m erce... 200 205
F U ih............. ...........
202.9
-e c o u d ........ 425
Marlcettfe Fill 215 240
803.2
r,276,1
300.0
870.2
Bank of the Metrop
803.4
5,469,3 C ontin ental. 130 140
S eventh. ... 100
323.4
Mechanic*’ . 180 195
1.094.0
200.0
>«t rsld*.................
176.0
2,166,0 Corn E x ch ... 280 300
403.0
Shoe & Le’th 90
96
M’chs’ «fcTrs’ 130 135
1.8U.0
500.0
279.6
a b o a rd ..................
741.0
7.157.0 E ast R iv e r .. 120
1,374,0
170
108
,676.0
329.9
200.0
158.0
Jsth.................... .
175.0
1.314.0
M erchant.’ 132 140 1T hird.......... 100 102
367.7 131.025.0
837.6
13.427.0 F if'h A v e ---- 2800
2,890,
I extern.................... 2.100.0
iTradesm’n ’s. 93
95
Merch’ t. Ex. 110
927.6
300.0
687.5
1.153.0
5.700.0 F ifth -_____ 250
1,159,
j i t Nat. H’ k lyn ...
425
190
538,2
1.883.1
2500
tfat. Union Bank ... 1 , 200.0
,569,6
8.484.0
723,
Union Sq___ 180 200
Mt. M orris.. 100
1.358.2
220.7
500.0
294.6
2.348.0 First N .,S . I. 120 i s o
325,
aberty Nat. Bank,
Nassau .
153
Uu’d S*-a es. 175
318,
574,2
1.289.7
1, 000.0
325.
3.004.5 14th Street..
r. Y .P ro d .E x ch ’ ge
114 117
190
175 185
T otal..................
W est Side. 275
N ew Y o r k .. 230 250
•>.7 73,885.41487.01 6.0 77,251.6 86,920,6 5 23 .589,9 G a l ■ » ....... 300 325
......
FHE
D ece MBEK 26, 1696.]
BOSTON, ettlliAOBUPtfLA
Active Stocks.
S a tu rd a y ,
D ec 19
12% 1 3is
A to h . T. A 9. F<a${Bogton) .1 0 0
A tla n tic A Pao.
**
100
B a ltim o re & O h io (B a lt,). 100,
.........
B alt. C ity P ass’ g e r “
25 *63
B a itlm ore T ra ctio n 44
25
1750 173s
17*4 17 4
B a ltim ore Trao’ nil (P M l.). 25
B o s to n & A lb a n y ( Boston), lo o , 203 203
B o sto n A L ow ell
1001 205 2 0 6
B o sto n <k M aine.
44
100 ........165
........
C entral o f Mass .
44
103 *10
P r e f e r r e d ........
..........
44
100 *56
70
71*4
"
100
C < e.B a r.& Q a tn .
O l i o .M il . t 8 t. P (PA tf.).lO O
7 1 4 723s
6 70
7
“
50
O h o O & G .v ot.t.o
Olt. 8 t R y .o f l a d !
100
Fitchburg p ref.. f Boston). 100 ♦ s r v r
31
Lehigh V alley.. ( P h U a .) . 50 3 0
107
H e tro p o l'n Trac.TT "
100 107
M exican O w l ( B o sto n ) .100
*74
8
H ew E n g la n d ___
14
100
Preferred ..........
“ 103
Northern Central ( B a t . ) . 50
Worthern Pacific;
100
103
(Phila.)
...(Boston) 100
Old C o lo n y .
f >e n n s y lv a n i a ...f P M a .v . 5 0
PhU. A R ead in g .;
“
50
P h ila d e lp h T rao
44
50
U nion Pacltio. ..^B >*ton>.100
U nion T r a c t io n ..(P M la .). 50
.V l t s c e l t a a e o a s S t o c k s .
AoLSug’r RettOLHf
P referred .........
1 2 % 12%
*21% 2 2 4
..........173
51% 5 1 4
1 2 4 12® is
6 6 4 66*4
34
34
94
9%
Boston)....
1094 HO
100% 1014
103 209 4 210
91
25 93
25
64
7
3
2
3
323
25
____
100 *53
61
61
“
100
Slec.Btor. Bat’ y!!(PAtfa.).100
274 274
44
"
"
44
44
(B ill.).
Preferred If
**
103
Erie T elephone. ( B o t t o m . 103 •65*" 66
Beneral Electrlo.
44
100 3 0 4 30%
70
P referred .........
103 *63
Illin ois Steel . . . .
•*
100 *41 ........
liSmsoaBboreSer
"
50 ’ ............ 21
42
L shl’ h Coal&Nav.
> 50 *41
B. E. Telephone ( B o s t o n ) . 100 103 103
13
13
Pa.Heat,L.APowfPAtfa.>..
U n it’d Gas I mp.1T
Weuibach L ig h t!
"
1149
AND 8ALTIX0KB STOCK EXCHANGES.
' ? * S h a re P r ic e s — n o t P er C e n tu ra P r ic e s .
f In d ica te s u n listed .
B ell T e le p h o n e ..
B est A M ontana.
B u tte A B oston .
C alum et A H eola
C an ton C o .........
C o n s o lid a te d !* 4*
CHRONICLE
50
44
(Boston)
W est B ad Lao L .
8 L ow est Is e x d ivid end .
M on day,
D eo. 2L.
134
*15
*61%
174
17%
203
205
164
'1 0
*56
704
72
7
224
93%
33%
107
74
j T a ea da y ,
| D eo. 2 2.
13%
134
W ed n esd a y ,
D og. 23.
134
13
134
*61% 6 2 4
6 1 % 61%
17M
1 7% 17 4
17% 1 7 4
17%
174 174
208
2 0 8 " ' 208
208
203
2 06
___
‘2 0 5
205 207
161
*•-........166
r ....... 165
10 . . . .
*10 . . . .
*56
*56
....
71%
70
71
70% 7 2 4
73%
7 2 % 7 2%
724 734
7
7%
74
22
22
224
94
91
944
944 944
30%
3 0 % 3 0%
304 304
107%
*7%
74
*67
63
12% 13
22
224
177
173
51% 51%
1 2 4 1 3 l le
67
674
94
94
9 % 10
*67
63
13% 13%.
* 2 2 4 22%
176
177 I
5 1 4 514|
1 2 4 l 2 1 5 l6
63% 66%
*9
9%
109 4
1004
2 09 4
914
7
325
*53
60%
27
110%
100%
21C *
93
74
325
60
60%
27 4
1 09% 111
1 0 0 4 101
2 0 9 4 210
92
934
7
7%
3 2 5 325
*53
.....
*60 * . . . .
26 % 2 7 m
1094 1104
100% 100%
210
210
914 924
0™
3 )4
63
66**
314
63
204
41
204
41
*64 ^9
314
70
*41
2 »4
‘ 41
*64 4
*31
*70
*42
*204
42
10
10
*6 b m
314
70
45
204
42
*67
........
12% 13
*22
22%
1 76 4 1764
5 1 4 51%
1271612iltfl
674 674
9
9
9 % 10
6%
6%
325 325
*53
___
60 4 6 0 *
274 274
..
3 -4
73
45
21
42
l T * 13
13
*13 m 1 3 4
72
72
72
724 724
41
42
42
41
424 424
2
2
2
2
2
*2
24
• Bid and ashed prices: n o sale was m ade.
71
In a ctiv e S to c k * .
P r ic e s o f D e cem b er 24.
71
42
at a. j Ask
T hu rsday,
D eo. 24
F rid a y.
D eo. 25.
*13% 13%
*4
1
*15
16
* 6 1 4 62
*174 174
17
174
208 203
205 207
’ 164 165
104 104
*56
58
7 0 % 70%
72% 7 3 4
7
74
21
22
94
944
3L
314
* 1 0 7 4 109
7%
7%
40
43
59
61
68
70
*134 1 34
*22
224
*177 178
5 1 4 52
12®,0 12%
674 674
*8%
94
9%
9%
110 1 1 0 4
100 s 101
210 2 1 0 4
9 2 4 92%
6%
74
3£5 325
•o5
65
6 0 4 6 0%
27% 27%
29
29
*64 4 65
31% 31%
*70
73
*42
45
* 2 0 4 21
r.......... 42
*104 105
13
134
71% 72
41 m 4 1 4
*2
24
B id.
Bonds.
A sk .
Sales
o f th e
W eek,
Shares.
2,060
200
213
528
49
4
30
16,305
8,265
920
200
2 44
916
8 00
200
o
3
*4
1 ,050
3 25
3
1,813
25,253
1,314
263
2 ,512
R a n g e o f sales in 1 8 6 .
H iphes-
L ow est.
84
4
114
60
14%
144
200
200
149
10
524
53%
60
4
14%
844
27%
78 4
64
35
55
63%
4
9%
170
49%
14
57%
3
94
Aug.
Sept.
Sept.
J u ly
Aug.
A ug.
A ug.
A u g.
A ug.
Mar.
J uly
Aug.
A ug.
A ug.
A ug.
A ug.
A u g.
A u g.
A u g.
A u g.
Aug.
O ct.
M ay
A pr.
8ept.
A ug.
Jan .
A ug.
Jau .
Deo.
17% F eb . 2 4
% N ov. 2 0
4 4 4 J an . 27
70 J an . 2
1 9 4 A p r. 10
19 A p r. 17
217 J an. 28
209 J u n e 1
171
F eb . 19
13 N ov. 7
58
N ov. 10
8 3 4 N o v . 10
79% J u n e 17
1 2 4 J an . 2
30 J an . 2
97 F e b . 10
3 8 4 Jan. 30
1 1 2 4 N ov. 18
1 2 % Feb. 24
51 J an . 2 8
85 Jan . 28
70
Feb. 14
1 17 N o v . 13
128% N ov. 11
180
N ov. 10
54% A p r. 23
1 16
N ov. 4
7 2 4 M ay 5
1 2 4 N ov. 9
20 M a y 18
1 5 .5 C0 9 5 4 A ug. 8 1 2 6 4 A p r. 21
637 9 2 4 Aug. 10 1 0 5 4 J u n e 12
561 195 J u ly 29 2 l l
D e c. 18
6.902 65 Jan . 7 96 4 N ov. 16
5,987
1 4 Mar. 7 1 3 4 Jan . 31
113 295 Jan . 3 335 N ov. 17
64 J u n e 18 6 4 J u n e 18
’ "BYT) 5 5 4 Jan . 20 6 7 N ov. 10
219 20 A ug. 10 3 6 4 A p r. 15
5 2 2 A u g. 8 38
A p r. 16
304 5 1 4 A u g. 10 66% D eo. 7
J u ly 16 3 9 4 Mar. 13
1 ,0 )5 21
60 5 0 Jau . 8 78 A p r. 14
32 A ug. 31 75 A p r. 1 5
15% A u g 12 23
D eo. 7
33 A u g. 3 4 6 4 F eb. 8
8 7 4 Jau . 2 i 103 Deo. 18
790
9 Jan. 7 16 N o v . 4
439 5 3 4 A ug. 10 8 1 4 Jan . 2
305 3 4 4 J u ly 16 67 F eb. 17
400
1 4 A u g. 10
2 4 F eb. 14
t T ru st re o .,a ll instal. paid.
B on d s.
70
P e op le’ s T rao. tru st certs. 4 s ..1943
116% P erxiom en , la t a e r .,5 a .l9 1 8 , Q —J
Atlanta <*r Charlotte (BaG.).lOO
Boston & Providence (B o s to n ). 100
1 0 6 4 P hila.& E rie gen . M. 5 g .,1 9 2 0 f A&O
Camden A Atlantic pf. (PAda.). 50
98 I Gen. m o rt., 4 g . ......... 1 9 2 ), A&O
104
P hlla & Read, n e w 4 g., 1958, J&J
Catawissa . . . . . . . . . . .
**
50
100
1st p re f. in co m e , 5 g , 1958, F eb 1
1st p referred ..........
“
50
100
2d p re f. in co m e , 5 g , 1958, F eb. 1
Ceatral O h i o ............... (B a it.) 50
3d
p re f. Incom e, 5 g ,!9 5 8 ,E 1eb . 1
Chicago k West Mioh.(Boston). 100
934
98
2 d, 5 s ............................ 1933, A&O
Connecticut & P ass..
•*
100
240
250
C
onsol,
m ore. 7 a . . . . . . 1911, J&D
C onoectlcut R iv e r ....
“
100
43 4
60
C onsol, m ort. 6 g ....... 1 91 1 , J& D
Consol. Tract o f N.J.TI(PAtfoO.lOO
254 1
.......
u
u
rre
u
i
tviver,
abt
,
oa.
Im
provenaen
tM . 6 g . . 1897, A & O
6)
Delaware* Bound Br.
**
100'
Con. M .,5 g.,sta m p ed ,1 92 2 , M&N
10
60
12
D et. L a n s .& N o r’ n M. 7 8 .1 9 0 7 , J& J
Pilot A Pere M a r q ...( B o s to n ). 100
T
erm
inal
5s,
g .. . . . 1 9 4 1 , Q .—F.
30
120
33
E astern 1st m ort 6 g .l9 0 6 ,M & 8 ..
Preferred . . . . . . . . .
**
100:
Phil. W ilm . & B alt., 4 s . 1917, A &O
126
S2 |F re e ,E lk .& M .V .,1 s t ,6a.1933, end.
Hestonville Passeng. ( F tiila . ) . 50| 51
Pitts.
C.
&
8t.
L
., 7 s - . . . 1 90 0 , F&A
125
60
U
nstam
ped,
1st,
6s,
1
9
3
3
.............
P r e fe r r e d !.................
44
50
R ochester R ailw a y , o on . o s ..1 9 3 0
70
25
K.C. C.& S pring., 1st, 5 g .,1 925, A&O
Munt. A Broad T o p ...
44
50!
3
o
h
u
y
l.R
.E
.S
id
e
,ls t5 g.1 9 3 5 , J& D
90
K O. F .8 .& M . c o n .6 s , 1 92 8 , M&N
Prefer:-►
*l
...........
“
50 51
U nion T erm inal 1st 5 s ...........F & A
65
10
K .C . M em . & B lr.,1 st,2a,1 927. M&8
5
C an. C*y FtJ9. A Mem.(Bo#ton). 100
120
35
K
.
C.
St.
J
o
.
&
C.
B
.,
7
a
..
1907,
J&J
50
Preferred ...................
“
100
A tla n ta d ?b h l r f . ^ i a t i 9 0 7 , J
75
52
L. R ock & Ft 8 ., 1st, 7a. .1 9 0 5 , J&J
Little Schuylkill......... t P h i l a .) . 50
B altim ore B elt, 1st, 5 s .1 990, M&N
10J
L ouis., E v.& S t.L .J at, 6g. 1926, A&O
Maine Centra'. . . . . . ( B o s t o n ) 100 130 132
86
Balt. C. Pass. 1st 5 s . . . .1 9 1 1 , M&N
2 m .. 5—6 g .................. 1 93 6 , A&O
Mine Hill A S.H aven.fP/iiia.) 50
55
Balt. T ra ction , 1st 5 s ..1 9 2 9 , M&N
103
Mar.
H.
&
O
u
t.,
6
s
____1925,
A&O
534
Neeuuehoalng V a l. . .
“
50
E xten. & im pt. 6 s . . . . 1 901, M&S
6 5% 6 6 4
M exloan C en tra l, 4 g . . . 1 91 1 , J&J
•Tortn American C o ..
44
100
No. B alt. D lv ., 5 s ........1942, J& D
14
I
15
1st
oon
sol.ln
o
o
m
e
s,
2
g,
non-cam
.
83
fo r t h Pennsylvania.
“
50
6
7 4 B altim ore & O hio 4 g ., 1 935, A<toO
Or.Sh. Line all asst.pdf Botton). 100
14*. 15*8 2d c o n so l. In com es. 3a. non-onm .
P itts. & C onn., 5 g -----1 925, F&A
N Y .& N .E n g ,, 1 st, * 4 ,1 9 0 5 , T&J4 117 |1174
Pennsylvania A N. w . ( P k i l a . l. 50
Staten Isla n d . 2 d. 5 g .1 9 2 6 , J&J
l e t m ort. 6 s . . . . . . . ...1 9 0 5 , J&J 1 1 1 4 112
vT
P allaleL A E rie........
41
50
R e ce iv e rs ’ ce rtifica te s .................
9
84
|
88
O
gden.
&
L
.C
.,
C
o
n
.6
s
...
1
9
2
0
,A
&Oj
Rati d ..................... ( B o s t o n ) 100
*» 1
B al.& O hlo S .W .,ls t ,4 4 g .l9 9 0 , J&
In c. 6 a . . . . . . . . . . . . . . . . . . . . . . . 1 9 2 0 , } ......... I 15
50
Preferred.......... . . .
"
100
C
apeF.
&Y a d ., Ser. A .,6 g. 1916, J& D
6104
1105
Ru
tla
n
d
,
1
st,
6
b
.............
1902.M
&
N
fl^athern. . . . . . . . . . . . . ( B a U , t . 100
C ent. O h io, 4 4 g . . . . . . . .1 9 3 0 , M&S
94
2d, 5 s ............................. 1 8 9 8 ,F&A f) 92
Preferred..................
44 100
Cent.
P
ass., 1st 5 s . ----- 1932, M&N
63
West End ................... fB oitonj. 50
63 4 i
C ity & Sub., 1st 5 s ......... 1922, J&D
85
....... 104
Preferred ..................
44
50
C
hari.
Col.&
Aug.0Xt.5& .191O, J&J
109
111
Buffalo
R
y.
con
.
1st,
5
s
...........
1931
United Cos. of H. J .. ( P ) t U a .) .1 0 0 237 .. . . |
Col. & G reenv., 1st 5 -6 s .l9 1 7 , J&J
L ata w lssa , M ., 7a ......... 1 9 0 0 , F& A 109
West J e r s e y .......... .
M
60
G
e
o
n
d
a
&
A
J
a ..ls t p f. 5 s .1 9 4 5 ,A&O
1
0
7
I
___
C
hoc.
Okla.
&
G
u
lf,
p
rio
r
lie
n
6
a
..
........
West Jersey A A tlaa.
44
50
G a. Car. & N or. 1st 5 g . .l 9 2 9 , J& j
7 7 4 79
21,
27e C itizens’ S t.R y .o f ln d .,o o n .5 a .l9 3 3
Western N.Y. A Pena
44
100
G
e
org
ia
Pao..
1st 5 -6 a ...l9 2 2 , J&J
95
98
C
oiu
m
b.
St.
R
y
„
1st,
con
.
5a..
1932
2
Wisconsin C e n tra l...f B o s to n ).1 00
3 1
Geor. So. & Fla., 1st 5 s .. 1945, J&J
15 Colurnb. O. C rosatow n, la t,5 a .l9 3 3
P referred . . . . . . . . . .
44
10o ___
N
orth.
C
ent.
6
s ................ 1900, J
ConsoL
T
ract,
o
f
N.
J
.,
le
t,5
s
.
1
933
82
4
1
’
8
8
4
117
118
Worc’sLNasb.ARooh.
44
100
6 s .................................. .1 9 0 4 , J&J
D el. & B’ d B r’k, 1 st, 7 a .1 9 0 5 ,F& A 120
M14CELLAKBOU1.
Series
A
,
5
s
.
. . . . . . ...1 9 2 6 , J&u1
E
aston
&
A
m
.
latML,5e.
1
92
0
,
M&N
1
0
6
M
107M
Allnne* M tnV.ass t i u l f B o s t o n ) . 25
V
••
4 4 a ......................
1925, A&C
21
22 |Eleo. & P eop le’ s Trao. sto ck , tr. otfa 7 0 % 7 0%
Atlantic Mining.........
44
25
P
ie
d
m
.&
C
u
m
,,ls
t , o g .1 9 1 1 , F&A
Elmir.
&
W
llm
.,
1st,
6
8
.1
9
1
0
,
J
&
f
.
1
2
0
4
.........
5%
ft>«
Bay State G a s ! . . . . .
44
5*’
4
44 rfeatonville M. & F ., oon. 5a.. 1924 110 ........... Pitta. & C onnells. 1st 7 s. 1898, J&J
Boston Land.................
44
10
3
3*, H unt. & B r’ d T o p ,C o n .5 a .’9 5 ,A&O 106 I......... Southern, 1st 5 s ----- - ...1 9 9 4 , J&J
OeotennUl Mining. .
44
10
........ 1V irgin ia M id., l a t 6 s . . . 1 906, M&8
1
Fort Wayne E le ct.!..
44
25
2 I Lehigh Nav. 4 4 a ............1914, Q —J 112
2 d 6a, g o ld .................... 1897, J&D 1 0 1 % '......... I 2d S eries, 6 s .. . . . . . . . . . 1 9 1 1 M&8
10
Franklin M in in g .....
44
25
11
3d Series, 6 s ......... ....1 9 1 -? , MAP
G en era l m ort. 4 4 s , g . 1 9 2 4 ,0 —F 1 0 1 4 ..........
Frenchm'n*s Bay L*d.
44
5
4th Series, 3-4-5s. ...1 9 2 1 , MAP
15
i s 1* Lehigh V al.C oal 1st 5a, g . 1933, J& J ......... 96%
Kear*arge M ining....
44
25
5th Series, 5 s ___ .. ... 1 9 2 6 . M&8
Lehivh V alley, 1st 6 s ... 1898, J& D 103 ...........
28
29
Osceola Mining. . . . . .
44
25
W
est V a C .& P .l s t , 6 g . l 9 l l , J&J
129
I
.........
2d
7
a
..............................1
910,
M&8
153
152
Pullman Palace Car.
44
100
IWePt’
i. N.C. C onsol. 6 g -1 9 1 4 , J&J
C on sol. 6 .......................1 92 3 , J& D
37
F atm sflvaula Steel.. ( P h ilo .
!W ilm . C ol. & A u g ., 6 s .. 1 910, J&D
107
108
N
ew
ark
P
assenger,
oon.
5a...
1930
70
Preferred f .................
44
MISCELLANEOUS.
11 0 % .......
N orth P en n . 1st, 4 a ....1 9 3 6 ,
Quincy Mining. . . . . . f B o s to n ). 25 i i s 120
Gen. M. 7 a ..................... 1 9 0 3 , J&J 122 I . . . . B altim ore W ater 5 s ...1 9 1 6 , M&N
92 1 91
Tamarack M in in g....
44
F
unding
5 8 . . . . — .. ... 1 9 1 6 , M&N
1 P a terson R ailw a y , co n so l. 6s . . . . .
4
Water P o w e r ...........
44
E x ch a n g e 3 4 s .............1 930, J& J
P enn sylvania g e u .6 s , r.. 1.910, Vax 131 j ...
24 I 25
W estlngh. Elec. A M ..
44
V
irgin
ia
(State)
3a, n e w . 1 932, J& J
...
C onsol. 6 s, 0
. . . . . .1 9 0 5 , Var 118
52
51
Pref., oum olattve.
F unded debt, 2 - 3 a . . . . . l 9 9 l , J& J
C on sol. 6 s, r . . . . . . . . . ..1 9 1 9 , Var 119 I
CheaapeaKeGaa
8 b . . . . 1 90 0 , J& D
C olla t. T r. 4 4 g ........... 1913, J& D 108 1 0 9 4
78^
At-^op.^lf S.^Pgeneral g. 4s, 1995 678
C on sol. G a s, 8 a . . . . 1 9 1 0 , J & D
....
Pa. & N. Y . C a n a l,7 s ..
• 6 ,J& D 121
Adjustment g. i * . 1 9 M . . . . . . . . m I '41
$80
84 1 C on . 5 s ...........................l v *9 A&Q 106 I ...
B Mi.in United Gas 1st 6s.. . . . . .
Boston U nited G as, 2 d m . 5 b . . 1939
91 1 92
B ari. A Mo. R iv e r E xe a p t 6s, J& J
2ou 265
N on -ex em p t 6 s ........... 1 91 8 , J& J
P lain 4 s ................... .1910, J&J
3 *4 3% Jhlo. Burl. & N or. I s t 5 ,1 9 2 6 , A&O
2d raort. 6 s ................. 1918, J& D
UtS
30 1 D ebenture 6 s ............... 1896, J& D
7 j Jhic. B arl.A Q u in cy 4s 1 9 2 2 ,F& A
141 144
Iow a D iv ision 4 s ........1 9 1 9 , A&O
ft
.....
•Prt.Miia.nail** o-zarda** ouau »
11 Unlisted.
lu < l a c c r u e d
in te r e s t.
B id . A sk.
94
118
a 04
804
44
32
304
119
125 4
119
103
101%
110
95
101
1204
___
1204
1034
102
1104
1094
96
974
101
102
120
92
9L
113
1134
109
1< 4 4 105
108
108 Js
10L
1 0 i l4 102%
9 7 ^ , .........
7 0 | 75
111%
110 4
109
1114
994
814
1134
96
1 10
113
114
106
1124
111
110
112 4
99%
82
97
101
105
91
112
114
1 )2
92
1014
108
108 4
1 12 114
1 15
J.
122 4 .
1 0 4 % .........
7 2 4 .........
61% ' 62
105 |..........
1168a 117
108 l ____
THE
1150
CHRONICLE.
[VOL. LXII1.
NEW YORK STOCK EXCHANGE PRICES (C ontinued)—ACTIVE BONOS DECEMBER 2 1 AND FOR YEAR 189 6 .
R a il r o a d a n d
Miscellaneous B onds.
(/losing R a nge (eaXce) in 1 89 6
In tel
Price
P e r i o d Dec. 24.
H igh est.
Low est.
107 b. 102^1 A u g.
* m e r . C o tto n O il. ileb., 8 g . 1 900
£5 7 3 b. 6 3 A u g.
A nn A rb o r.—1 s t ,4 s, g - - —
68M A u g .
78»a
A.t.T. & S .F .—N ew gen. 4 b . 1995 A & O
41*8
2 8 i* A u g
N ov .
A d ju stm en t 4 s ...........— .1 9 9 0
O ol. M id lan d —C o n n .,4 g . 1 940 E & A t 17!ga. 16 S ept.
40
M ar.
4
6
a.
A tl. & P a o.—G o a r. 4 s . . — 193<
109 7s A u g.
B ’ w a v & 7 tU A v .-lB t.oon .g .5 s 43 J & D 117
7
1
S
ept
A
A
O
B r o o k ly n E lev. 1 st, 6 g . .. .1 9 2 4
Sept.
7 3 lea. 7 0
U nion E lev a ted .—6 g ----- 1937 M A N
90
A
u g.
F
A
A
9
9ia
B ’ k lyn W h rf& W .H —lBt,5B,gd4o
O a n a d a S ou th ern .—1st, 58,1908 J & J 109 lea. 105 A u g.
M
&
S
98
S
ept.
1
05i2a.
2 d , 5s..................................... 1913
106 b. 103ia A u g.
C entral o f N . J .—C o n s .,7 s ,1899 Q—J
115ia F eb.
C onaol.. 7 s ................ . . . . . . 1 9 0 2 M A N
110 A u g ,
G en era l m o rtg a g e , 5 g . . . l 9 8 7 J & J 118
Q—M
101 % A u g .
10413
a,
L eh .A W . B .,eon. ,7 s, as’ d . 1900
90
A p r.
“
m ortga geoB .1 9 1 2 M A N
J
&
J
108
A ug.
116ia
A m . D o o k & I m p ., 5 s ----- 1921
99
O ct.
C entral P a cific.—G old , 6 b. 1 898 J & J 103
Chee. & O lilo.—Ser. A , 6 g ..l 9 0 8 A & O 119 a. 111 A u g.
M ortg ag e, 6 g ..................... 1911 A & O 118 %a. 114ia A p r.
ls t o o n s o l., 5 g . ................—1 939 M A N 107 b. 1 0 0 J u ly
72
65 A u g .
G en era l 4>es, g ...........---• 19 9 2 M & 8
90 A u g .
9814
B . & A . D iv ., l s t o o n ., 4 g -1 9 8 9 J & J
A ug.
88 a. 75
•*
2 d Con., 4 g .. 1 989 J & J
M
A
8
9912b. 95 Auir.
E liz. L e i . & B lg . S a n .,5 g. 1902
Ohio. B u rl. & Q, C on. 7 s .1 903 J & J 118 b. 110 A u g.
J u ly
971.3b. 85
D e b e n tu re , 5 s .....................1913 M A N
-A ug.
C o n v e r tib le 5 s ................... 1 993 M & S 100 b. 93
93 lab. 8 7 % A u g.
D e n v e r D iv is io n 4 s ..........1922 F A A
N eb ra sk a E x te n s io n , 4S.1927 M A N * 88 %a. 8 0 A u g.
H a n . & St. J o s .—C on s.68.1911 M A S 118 b. 109 % Sept.
110 Aug.
■Ohio. & E . H i.— 1 st,s. f. 68.1907 J A D
C onsol. 6 g ............................1 93 4 A & O 123 b 118 Aug.
96
O ct.
M
A
N
100%
a.
G en era l c o n s o l., 1 st 5 s . .1 9 3 7
C h ica go & E rie.—1st, 5 g . .l 9 8 2 M A N 109iab 1 01 % A u g.
J
A
82
Sept.
9
5
b,
C h ic. G a s L . & 0 —1st, 5 g . .l 9 3 7
132
119 A u g.
Ohio. M il.& St. P .—C on .7 s .1 9 0 5 J A
J
&
106
A
ug.
11.7
1st, S o u th w estD iv ., 6 s ..1 9 0 9
*117% b. 110 A u g.
1st, So. M inn. D iv ., 6 s . .1 9 1 0 J A
114
J
A
108
A
u g.
lst,C h .& P a c. W .D i v .5 s . .1 9 2 1
*108 b, 1 02 % A u g.
Chle. & M o. R iv .B iv .,5 s .. 1926
*11138b,
103
A
u
g.
W is o .& M in n .,D iv ,5 g ... l 9 2 1
112 %a, 105 A u g.
T erm in a l, 5 g .......................1 91 4 J &
96%
9 1 % Aug.
Gen. M .,4 g ., s e r ie s A ___ 1989 J & J
M il. & N or.—1st,e o n .,6 s .1913 J & D 116% b. 115 Sept.
139% b, 129% A u g .
Ohio. & N. W .—C on sol., 7 s. 1915 Q - F
C o u p o n , g o ld , 7 s ................1 902 J A D 11513b, 115 A ug.
S in k in g fu n d , 6 s ............... 1929 A & O 11313b, 1 06% A u g.
S in k in g fu n d , 5 s ................1929 A & O 108 b. 1 04 % A u g.
S in k in g fu n d ,d e h e n .. 5 8 .1 93 3 M & N 1 1 0 i3 b , 1 04% Sept.
2 5 -y e a r d eb en tu re, 5 s. ..1 9 0 9 M & N 104i2b. 103 Jan .
98 Sept.
E x te n s io n , 4 s .....................1 926 P & A
Ohio. R .I .& P a o .—6 s ,c o u p .1917 J & J 131 b. 11 9 % A u g.
94% A ug.
E x te n s io n an d ool., 5 s .. .1 9 3 4 J & J 104
91 b. 8 7 % Sept.
8 0 -y e a r d eb en tu re, 5 s . ..1 9 2 1 M A 8
Ohio. 8t. P . M. & 0 . - 6 8 . . . 1 9 3 0 J A D 127 b. 117 J u ly
C hic.& W .In d — G en .,g .,6 s. 1932 1 Q -M 116 b. 113 S ept.
102 A u g .
Olev. L or. & W heeL—5 s . —1 933 A & O
0 . 0 . C. & I —C on sol. 7 g . . .1 9 1 4 J & D 1 2 9 isb . 119 Jan.
G en era l c o n s o l., 6 g ......... 1 934 J & J 123 b. 124 S ept.
A &1 940
O
7 5 a. 60 A u g .
0.
0 .C & 8 t.L .—Peo.«feE.,4s.
In co m e , 4 s ........... ..............1 990 A p ril. ' 1912a. 10 A u g.
M
A
8
'116i4b. 109 A u g.
001. & 9 th A v e . gu . 5s, g —1993
80 A u g.
87
O o l.H .V a l.& T oi.—C o n .,5 g .l9 3 1 M & S
J
&
D
Jan.
8 4 b. 80
G en eral, 6 g . . . ................... 1 904
D e n y . & R io G r .—1st, 7 s,g -1 9 0 0 M A N 110 b. 1 1 0 % Jan.
J
' 8 9 >2b. 83 Jau .
1st eo n s o l., 4 g ................... 1 936
1 00 b. 9 2 % J u ly
£>ul. So. Sh. & A tl.—5 g ___ 1937
1 06iab. 9 7 % Jan.
E d iso n E l. 111.—ls t ,c o n .g .5 s .’ 95
95 b. 83 A u g .
jE rie—4, g, p r io r b o n d s ___ 1 996
A
5 4 % A u g.
6 3 7s
G en era l, 3-4, g ..................1 996
A D
5 0 b. 5 4 D ec.
E t. W . & D en . C ity .—4-6 g.1921
90 b. 8 9 % N ov.
G a l.H .A S a n .A n -M .& P .D .lst,5 i M & N
Sept.
8 9 b. 82
G en. E le o tr ic ,d e b . 5 s , g . . . 192: J & D
66 N ov .
H on s. &, T. Cent. gen. 4s, g .1 9 2 1 A A O
Jan .
9 9% a . 99
Illin o is C en tra l.—4s, e ....... 1953 M A N
A u g.
W e ste rn L in es, 1st, 4s, g .1 9 5 1 F & A 102 a. 9 7
in t.& G r e a tN o r.—1 st,6 s,g 1919 M A N 115 b. 114 J u ly
N ov.
2 d , 4 -5 s .................................1 909 M A S 71
96% a. 87
-.
A ug.
i o w a C entral.—1st, 5 g ___ 1938 J A D
4 5 b 3 7 % Sept.
K in g s Co. E le v .—1st, 5 g .. 1925 J & J
85 A u g.
93
L a o le d e G as.—1st, 5 s ,g . ..1 9 1 9 Q—F
110 A u g.
L a k e E rie <fc W est.—5 g ___ 1937 J & J 1 17 %
L . S h ore.—C on, op ., l e t . 7 s . 1 900 J & J 1 1 4 b. 108 A u g.
C on sol, o o u p ., 2d, 7 s ....... 1903 J & D 118% b. 113% Sept.
L e x . A v . A P a v . F. gu. 5s,g. 1993 M A S , 1 16 %
109 A u g .
119% a. 1 17 % J a r .
l o n g Isla n d .—1 st c o n .,5 g .l9 3 1 Q— J
G en eral m o rtg a g e, 4 g . . . 1938 J & D
8 8 % D eo.
1 0 1 % O ct.
L ouis. A N a s h .—Coins. 7 a ..1 8 9 8 A & O 105
N .O & M o b ile, 1st, 6 g . . . 1930 ‘ A 3 118 b, 112 Oot.
A J 101 b. 9 6 A u g.
“
*•
2 d , 6 g .. 1 93 0
A D 1 1 6 b. 110 S ept.
G e n e ra l, 6 g . . —..................1930
A J
U n ifie d ,4 g ...........................1 94 0
6 8 % A u g.
79%
A J 110% b. 1 02 % Sept.
L ou is,N . A. & Ch.— 1st, 6 8 .1 9 1 0
8 0 b. 7 4 A u g.
C o n s o l, 6 g ...........................1 916 A A O
9 4 % b . 88 A u g.
M anhattan co n so l. 4 s ........1 990 A A O
1 1 1 % A u g.
M etro. E le v a te d .- l e t , 6 g .l9 0 8 J & J 1 19 %
101
A u g.
2 d ,6 s ..................................... 1 899 M & N 1 04 %
M ich. C ent.—1 s t ,co n s., 7 s . 1 902 M A N 113 b. 111 A u g.
1 03 J u ly
C onsoL , 5 s . . „ ..................... 1 902 M A N
122 A u g.
M il.L a k e 8 h . & W .— ls t.6 g .1 9 2 1 M A N 131
E xtern & Im p ,, 5 g ............1 929 F A A 113 a. 104 A u g .
90
A u g.
99
M inn. & 8t.L .—l e t oon .5 s ,g ,1 9 3 4 M A N
M o. K . & E — 1 st 5s, g ., g u -1 9 4 2 A A O * 9 0 a. 81 A u g.
7 5 % A u g.
J .1
A9D
M.
K . & T e x a s .—l e t , 4 s ,g
9 0 80%
2d. 4s. v ................................ 1990: F A AI 58
4 4 A u g.
66
1 1 1 % Jan .
7 4 % N ov.
8 1 % F eb.
5 1 % F eb.
12 7 F eb.
50 A pr
118% N ov .
102 Jau .
1 0 0 % Jan
1 01 % N ov .
1 10% J u n e
107 F eb .
1 10 % M ar.
120 A p r.
120 J u n e
106 Feb.
9 2 % M ar.
1 16 % D ec.
1 04 M a y
119 J u ly
119 N ov.
1 1 1 % A p r.
7 8 % Feb.
9 9 % D ec.
88 Ju u e
1 02 % Feb.
120 Ju n e
101% A p r.
104% Feb.
9 5 % Ju n e
9 1 *3 Feb.
118% J an .
117% M a y
127 J u n e
102% A p r.
112 Feb.
9 5 % D ec.
1 32 % J u n e
118 M a y
118% J u n e
115% J u n e
111 J u n e
112% Mar.
114 Ju n e
98
June
119 M a y
141 Jan .
120 M a y
116 M ar.
I ll
M ar,
111% A p r.
107 A p r.
102% A p r.
131% D ec.
106 J u n e
9 7 % Feb.
129 M a y
118% Feb.
107 % Mar.
1 34% M a y
127 M a y
8 0 Jan .
23 Jan .
1 16 % D e c .
90
Feb.
91 N ov .
114 A p r.
92 M ay
102 D ec.
106% D ec.
9 6 D ec.
6 7 A p r.
5 4 D eo.
93 Jan .
9 4 N ov.
7 1 A p r.
102 F eb .
103% J u ly
1 1 8 % A p r.
7 7 % F eb .
1 00 N ov.
71 Jan .
9 6 Jan .
1 17 % J u n e
115 Jan .
1 20 % M ar.
1 1 6 % N ov.
120 F eb .
98 JaD.
1 08 % M ar.
119 F eb .
102% M a y
1 17 % A p r.
80^1 F eb .
LI 4 J u n e
103 F eb.
9 9 % Mar.
1 20 % J u n e
108 A p r.
119 J a u .
108% Feb.
1 32 % A p r.
1 15 % M a y
1 03 % A p r.
9 4 F eb .
8 7 F eb .
6 3 % F eb.
R a il r o a d an d
M is c e l l a n e o u s B o n d s .
Olosing U anqe (sa le s ) \n 1 8 9 6 .
InV st Price
P er io d Dec. 24.
a i y a c s t.
Leo-west.
M o. P a o .—1st, c o n ., 6 g ........1 9 2 0 M A N f 9 0 a. 7 8
J u ly
9 7 J am
104 a. 9 9
3 d , 7 s .....................................1 906 M A N
Sept. 112 Jam
P ae. o f M o .—1st, e x ., 4g_ 1 938 F A A 100 b 98
O ct. 1 0 4 % J u n e
2 d e x t . 5 s .........................1 938 £ & J 105 a. 102 N o v . 106 A p r.
St. L .& l r .M t .l s t e x t ., 5S.1897 F A A 101%b. 95
A u g. 1 02 % Jam
2 d , 7 g ................................1 89 7 M & N 101%b. 9 7 % A ug. 1 03 % A p r.C a iro A rk . A T exa s, 7 g.l8 9 7 | J & D 100
9 9 % J u ly 1 02 % M a y
74
Gen. R ’ y A la n d g r .,5 g .l 9 3 1 A A O
8 1% M ar
68 J u ly
116 1 113
M ob ile & Ohio— N ew 6 g ...1 9 2 7 J A D
A u g. 120% M a y
67 1
56 A ug.
G e n e ra l m o rtg a g e , 4s
1938 M A 8
69 N o v .
N ash. Ch. «&8t.L.— 1st, 7 s . . 1 913 J A J 129 1 125
Sept. 132 J u n e
99%
C o n so l., 5 g ........................... 1928 A A O
93 J u ly 102 F eb.
N . Y . C en tra l—D e b te x t.4 s . 1905 M A N 101%
100% Jan . 105% Oot
112 A u g . 120% M a r.
1st, co u p o n , 7 s ................... 1903 J A J 120
D e b e n .,5 s , c o u p ., 1 8 8 4 . .1 9 0 1 M A S 104% b. 102% A u g. 109 F eb .
N. Y . A H a rlem , 7s, r e g ..l 9 0 0 M A N 110%b. 1 09 % N ov. 1 11 % Ju n e
R .W . A O gd., co n s o ls , 58.1 92 2 A A O 115% b. 115 J u ly 119% Feb.
100 A u g. 107% J u n e
W est S hore, gu ar., 4 s ....2 3 6 1 J A J 107
N. Y . Chic. A St. L .—4 g . . . l 9 3 7 A A O 1 03%
Feb
9 9 % A ug. M)5
N . Y . L a ck . A W .—1 at, 6 8 .. 1921 J A J 133 b. 120 A u g . 8 * 4 D eo.
C o n s tru ctio n , 5s................1923 F A A 114 b 112% M ar. 115 J u n e
N .Y .L .E .A W .— I 8 t,c o n .,7 g .l9 2 0 M A S 139 b. 131 A ug. 140 F eb.
O ct. 132% N ov.
L o n g D o o k , c o n s o l., 6 g .1 9 3 5 A A O 132 % b . 131
N .Y . N. H . A H .—C on. deb. ctfs. A A O '1 3 6 % a . 127 Sept. 137 Feb,
89 b. 6 2 J u lv
N .Y . O ut. & W .—R e f. 4s, g .1 99 2 M A S
9 3 % Feb.
108 b. 102 J u ly 1 10 % N o v .
C o n so l., 1st, 5s, g
.
1939 J A D
N .Y .S u s.A W .ls t ref.,5 s, g .1 9 3 7 J A J 103% a. 9 0 J u ly 1 0 2 % N o v .
Mar.
M id la n d o f N. J ., 6s, g . ..1 9 1 0 A A O 117 b. 109% Sept. 118
60
Jan .
N o rf. A W .—1 00 -y ear, 5 s,g . 1 990 J A J
67
F eb .
M ar.
1 09 % A u g. 118
N o. Paoitio— 1st, co u p . 6 g . 1921 J A J 1 15 %
D o . J. P. M. A Co. c e r tf8 ........
109 A ug. 1 1 5 % D eo.
100 Jan. t ll 7 % D e o .
G en era l, 2 d , co u p ., 6 g . . l 9 3 3 A & O *1118
8 2 % M ar.
J u ly
G en era l, 3 d , o o u p ., 6 g . . l 9 3 7 J & D \ 7 8 a. 159
N ov.
3 1 % Jan . 15 7
C on sol, m o rtg a g e , 5 g . . . l 9 8 9 J & D f 5 2 %
N ov.
7 6 % Jan . f 9 6
Col. tru st g o ld n o te s. 6 s. 1898 M & N
4 0 b. t3 5 % A ug. 1 48 % A p r.
C hic. & N. P a o ., 1st, 5 g ..l 9 4 0 A & O
3 5 b. 136
M ar. 14 4 % F eb .
Seat. L. 8. A E ., 1 st.,g u .6.1931 F & A
85
86
N ov,
84
D ec.
N o .P a e .R y .—P ’ r lie n ry .A L g .4 s Q - J
53% N ov
50%
51
N ov.
G e n e ra l lie n 3s w h en iss u e d . Q - F
Jan . 14 2 % N o v .
N o. P a c. A M o n t.—6 g .........1938 M & S t 4 0 % b . t2 0
No. P a cific T er. Co— 6 g ___ 1938 J & J 107 b. 9 9 % A u g. 1 09% J u n e
D ee.
100 A ug. 105
Ohio A M iss.—C orns.!., 7 s . 1898 J & J
93%
7 0 % J u ly
96% N ov.
O h io S outhern—1st, 6 g . . . l 9 2 1 J & D
35
F eb ,
N ov.
G e n e ra l m o rtg a g e , 4 g . . l 9 2 1 M & N f 16 b f l 6
9 1 % Jam
O regon Im p r. C o.— l e t 6 g . , 1 910 J & D t 82 b. 7 3 % Oct.
18 a,
7 J u ly
36 J am
C o n so l., 5 g ......................... 1 939 A & 0
104
A u g. 1 13% D eo.
O re .R .& N a v . C o.— le t , 6 g . 1909 J & J 112 %
8 2 % N ov.
80
7 9 % D e c.
O r e .R R .& N a v .co n s o l., 4 g. 1946 J & D
J
&
J
112
a
1
05
%
A u g. 1 13 % J u n e
P en n . C o .--4 % g , o ^ u p ........1921
98 %b. 98 % J uly 102 M ar.
P e o . D eo. A E v a n s v .—6 g .1 9 2 0 J <fc J
N ov.
Mar. 102
E v a n s. D iv is io n , 6 g ........ 1 920 M & S 1 0 0 b. 101
31
F eb ,
22
N ov,
2 d m o rta g e , 5 g .................. 1926 M & N
J
&
J
t 80%
i67
A u g. 18 1 % D eo.
P hila. A R e a d .— G en ., 4 g . . l 9 5 8
1 4 4% b . 1 8 % Jan . 14 9 % N o v .
1 st p f.in o ., 5 g, a llin s t . p d .’ 58
N ov.
5 % Jan . t3 9
t 33
2 d p f.in o ., 5 g., a ll in st. p d .’ 58
3 % J an. •3 6 % N ov.
3 d p f.in o ., 5 g ., all inst. p d .’ 58
64
A u g.
75
7 7 Jam
P itts b u rg A W e ste rn —4 g .1 9 1 7 J
75
63 A u g.
7 7 % F eb .
R io G r . W e ste rn — 1st 4 g .. 1939 J
J an .
13 7
A u g. t o l
St. J o . & G r. Isla n d — 6 g .,1 9 2 5 M A N t 5 0
1 10 % N o v . 117% A p r.
St. L. A S an F r.— 6 g. Cl. B . 1906 M A N 112
G en era l m o rtg a g e , 6 g . . 1931 J A J 110 % b . 1 01 % Jam 114 J u n e
121
N ov.
38
M a r.
C ons. g u a r. 4 s, g ................1 99 0 A A O
6 4% b . 6 4 N o v .
St. L. A S. F. R R . 4 g . ........1996 J A J
6634 Deo.
6 7 b. 65 A u g .
76
F eb.
St. L. A So. W .— 1st, 4 s, g .1 9 8 9 M A N
2 4 b. 2 3 % A u g .
32
Feb.
2 d , 4a, g .. in c o m e .............. 1989 J A J
St.P.M.&iVl.—D a k .E x .,o g .l 9 1 0 M A N 116 % b . 1 1 2 % N ov. 121% M ar
1 st c o n s o l., 6 g ................... 1933 J A J r123 b 117 Jau. 1 24 % J u n e
re d u c e d t o 4 % g . . J A J 104 % b . 100 A u g. 106 J u n e
86 b. 8 4 % J u n e 9 0 % S ept,
M o n ta n a e x t e n s io n ,4 g .1 9 3 7 J A D
45
A u g.
56%
59
F eb.
S a n .A n t.A A . P .— ls t ,4 g .,g u .’ 43 J A J
Jan.
97
A p r.
So. Car. A G a.— 1st, 5 g . . . l 9 1 9 M A N r 93 a. 9 3
J
A
J
91
b.
92
Oct.
97
Feb.
So. P a cific, A riz.—6 g . .. 1 9 0 9 -1 0
J u ly
So. P a cific, C al.—6 g . . . 1905-12 A A O 106 b. 1 06% D e c. 112
9 2% A p r.
1st co n s o l., g o ld , 5 g ........1 937 A A O ; 9 4 a. 85 N o v .
1 01 % Jam 106 F eb .
So. Pacific,- N . M .— 6 g ........1911 J A J 105
76
A u g.
90%
94% June
S outhern—1 st c o n s, g, 5 s . 1 994 J A J
9 3 % F eb.
9 0 a. 90 Mar.
E . T en n . re o r g . lie n 4 -5 s . 1938 M A S
E. T. V . A G .—1 s t ,7 g . .„ .1 9 0 0 J A J 110 b. 1 06 % A u g. 111% J u n e
100 J u ly 1 09 % A p r.
C on. 5 g .............................1956 M A N 107
103 Sept. 114 J am
G e o rg ia P a e. I s t 5 -6 s , g .,1 9 2 2 J A J
M ay
K n o x v . A O h io 1 s t 6 s ,g .. 1925 J A J 113 b. 110% Sept. 1 16
R ic h . A D a n v . co n . 6 s ,g .. 1915 J A J 1 20 b. 110% Allg. 1 2 1 % J u n e
A p r.
W e s t.N o .C a rlst oon . 6 s ,g 1 914 J A J 113 %b. 103 Sept. 114
Feb.
Sept. 93
8 2 b. 7 2
T enn. O. I. A R y —T en. D . 1st, 6g A A O
F eb .
7 9 % S ept. 85
88
B irm in gh a m D iv ., 6 g . . . l 9 1 7 J A J
91
A p r.
73
A u g.
86
T e x a s A P a cific— 1st, 5 g . . 2 00 0 J A D
25
N ov.
1 3 % A u g.
20
2 d , in co m e , 5 g ................. 2 00 0 M a rch
T o le d o A O h io C en t.—5 g . . l 9 3 5 J A J 106 % b . 105 A u g. 1 09% J u n e
F eb .
t6 2 % A u g. 1 7 7
69%
T ol. St. L. A K a n . C.—6 g . . . 1910 J A D
M ay
U n io n P a cific—6 g ........ . . ..1 8 9 8 J A J 103 %b. 9 9 % Sept. 107
Sept. 9 7 % F e b .
85 b. 7 3
E x t . sin k in g fu n d , 8 .........1899 M A S
* 45
D e c. t 5 4 % F eb .
C olla tera l tru s t, 4 % .........1918 M A N
9 1 % M a y 1 01 % D eo.
G o ld 6s, co l. t ru s t n otes. 1894 F A A 100 %
D ec.
106 Jam 112
K a n . P a o .- D e n .D iv ., 6 g . 1899 M A N
M
A
&
15
6 % A u g. 177% Fern
I s t c o n e o L , 6 g . . . ..........1919
♦ 6 6 b.
Apr
U 0 0 J am 115
O re g o n S h ort L in e —6 g .1 9 2 2 F A A 1110%
F eb .
J u iy r 70
O r .8 .L .A U t’hN .—C o n .,5 g l9 1 9 A A O t 6 3% b . 148
4 0 % A p r.
2 5 % A u g.
U .P .D e n .A G u lf,o o n .,5 g .l9 3 9 J A D
136%
F
eb.
11 4
A ug.
U. S. C ord .— 1st o o l., 6 g . . . 1 92 4 J A J
A n g . 1 13 % A p r.
U. S. L e a th e r—S .F .deb.O g. 1913 M A N *111 b. 108
105
A
p r.
V irg in ia M id .—G en .M ., 5s. 1 936 M A N 1 0 0 b. 8 7 % Sept.
99
A u g. 109 A p r.
W abash— 1st, 5 g . . . ............ 1 939 M A N 10534
7
7
%
F
eb
.
2d m o rtg a g e , 5 g ................1 939 F A A
7 0 b. 6 4 % A u g .
A u g. 1 0 8 % M a y
W e s t N . Y . A P a .—1 st, 5 g .1 9 3 7 J A J 107% a. 100
49% F eb.
A u g.
G en . 2-3-49, g o l d .............. 1 94 3 A A O ' 45 b. 3 3
A u g. 1 0 8 % J u n e
W est.U n .T el.— O o l.tr. 5 s . . 1 93 8 J A J! 105 b. 101
A u g. 146 F e b .
W ise. C ent. C o. 1 «t 5 «
1 937 J A J lf 3 8% b . 12 5
No t e .—“ b ” in d ica tes p r ic e b id ; “ a” p r ic e a sk ed ; th e r a n g e Is m a d e u p fr o m a ctu a l sales o n ly .
* L a te s t p r ic e th is w e e k ,
t T ru st re ce ip ts.
NEW YORK STOCK EXCHANGE PRICES—(Continued),—IN A C TIV E BONDS-DECEM BER 2 1
S E C U R IT IE S .
B id.
Railroad Bonds.
(S tock E xcha nge P ric es.)
/A la b a m a M id.—1st, g ., g u a r ..1 9 2 8
A toh T o p e k a & San F ran.—
C h ica go A St. L o n .—1st, 6 8 .1 9 1 5
O ol. M id. 1st. e ., 6 s ...............1 93 6
■AH. A P a c.—2d W. D., gu . 6 s .1 90 7
W estern D iv ision in c o m e . 1 910
B a H .* O h io . i » t .
P ark B . 191 't
92
1
A sk.
S E C U R IT IE S .
B alt. & O h io —5s, g o l d ..............1 925
j C ons, m ort., g o ld , 5 s ............. 1988
i W V a. & P itta.—1st, g., 5 s .. 1 99 0
100
! B . & 0 . 8 . W ., 1 st, g . ,4 % 3 ... 1 990
M on om R iv er, 1st, g., g. 5 s .. 1 919
1 C ent’l O h io R e o r.— 1st, 4 % s. 1 930
A k .& C h .J u n o.— 1 st,g ,5 s ,g u .1 930
B ro o k ly n E le v a te l—2d, 5 s . ..1 9 1 5
S easid e & B .B .— 1st,g ,5 s ,g u . 1942
1%
111
iB r’k lvn R an. T ra n .—G old . 5 s .l9 4 5
B id .
90
9 7 Lj
W
A sk.
S E C U R IT IE S .
B id .
A sk .
B ru n sw io k & W ’n —1 st, g ., 4s. 1938
97
B uff. R o o h . A P it ts .—G en . 5 s ..1 937
R o e h . & P ., 1 st, 6 s ................. 1921 ‘ 1 23
116>s
R o e h . & P itts .—C o n s .ls t ,68.1922
B uff. & Susqueli.— 1st, 5s, g . . l 9 1 3 . . . . . . '
B url. C e d .R a p . t&No.—1st, o s . 1 906 1 0 1 %
C onsoL & oo lla t. tru st, 5 s .. 1 93 4 * ......... 1103 hj
M in n . <fc St. L .— 1st, 7s, g u . . l 9 2 7
46
C ed. R ap . I. F. & N ., l e t , 6s. 1 920 102
1st. 5 s ..................................... 1921 *1 02 % '
77%
92
103
84
D eckmbkr 2 6 , 1896.]
THE
CHRONICLE,
1151
f'IRK STOCK. EXCHANGE PRICES.— INACTIVE BONUS—rvontinued) —DEOEMBER 24.
ssouarnes
Bid. I Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
AsS.
CO
■ in
O Ottlo—Co). .KU!n.M.l8t,4k*s. 193
E v .A T .S .— ft. Veraon 1st 6 f.\923
102
Northern Paoitio—
RR. <*• R*uk. - *ol. g 5s .1o>
.........i 96
ui. Co. Br. 1st, g., 5s.......... 1930 *80
Helena&RedM’n—let.g.. 6s. 1937 *30
Cent. Ry. o f G a.* 1st, g., 5s. .1945 111^2
vans, A Indian.—1st, c o n s ..1926
82
Dnl.&MaD.—I8t,g.6str.rec.l936
Consul, g., 5s ........................1945
88
91
Flint A P. Marauette —
Dak. Div.—1st 6 s, tr r e o ..l9 3 ?
tout*
—Coov. «lau.. e a .loua
Mort.. 6-=........................
1920 114 115
Ooeur d’ Alene—1st, 6s, gold..1916
Oen: r'A clio—T oll mods 6«.189“ 1 02 V i'oT
l i t , 00a. gold, o s ................... L939 82
85
C. d’ Alene—Gen. ls t ,g ., 6s.. 1938
R o ll oonds, 5s ....................1898 103
? t. Huron Div.—1st, 5 s ___1938
Norfolk k South’n—1st. 5 s,g .1941 100*4
**a J lanalo Br., 6 s .......... 1900 102
* a. Ceo & Pen.—1st g. 5s___1918
Norfolk k West.—General, 6?. 1931 118
M *rt. c>lr! 5s ............
1939
94
1st con. g., 5 8 ........
1943
New River 1st 6s . ..........
1932 110
99
L*nd grant, 5s, g................... 1900
* r- Worth A R. G.— 1st g., 5 s ..1928
Imp. & Ext., 68.........
1934
Ext. g. 5s, series A B C D ..1893 102 102*3 9al. Har. & San Ant.—1st, 6 s .1910
Adjustment M ., 7 a ................1924
C il. ft O. Dlv., ext., g. 5 s . . . 1918 102
95
2d mort., 7s..........................1 9 0 5
Md. A Wash. Div.—lst,g .5s.l9 41 *67
West. Pacific —B o n is , 83. ...1 8 9 9 103
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Scioto Val. A N. E.—1st,4s,.1989
81
No. R illway (Cal.)—1st, 68.1907
Housatonio—Cons. gold 5s___1937 12*6 *
Ohio A Miss.—
9 i*
92
5 > v * * r 5s............................1938
105
N. Haven & Derby, Cons.5a..l918
Consol. 7s. . . . . . . . . . .....1 8 9 8
C an t Washington—1st, g., 6&.1938
Hons. <feTexas Central —
115
2d oonsol. 7 s ...................
1911
G i a. A O .-P u r . M. fund, 63.1898 105*4 10558
Waco A N. 7 s................
1903 125
Spring.Div.—1st 7s............... 1905 *98
0**1 k V alley— 1st, g., 5 s .... 1940
General 5 s............................1 9 3 2
1st g., 5s (int. g td j................1937 106 110
Warm 8pr. Val., 1st, g. 5 s.. 1941
105
Cons. g. 6s (int. gtd ).............1912
Ohio River R R .—1st, 5s..........1936 100
O is*. O. a 80. West.—1st 6a, g.1911
100
Debent. 6a, prin. & int. gtd.1897
Gen, g.,5s . . . . ..................... .1937
Id, 6s................................. ..1911
Debent. 4a, prin. & int. gtd.1897
Omaha k 8t. Louis.—1st, 4 s.. 1937 ■3 5 "
Oa. V. -T eQ .oon.lst,gu.g,5a.l938
Illinois Central—1st, g., 4a... 1951
Oregon k Califor.—1st, 5s, g.1927
OatCigo k Alton—3. F., 6 a ....1 903 112**
1st. gold, 3 ’-s 8 ........................ 1951
Penn - P. C. C. ASt.L. Cn. g. 4 *48A 19 40 108
Loits. -k Mo. River—1st, 78.1900 l ; 2 * a 11 3*
Gold 4 s.................................... 1952
Do
do
Series B......... 108
Id , 7 s ...................................1900 111
2-10 g., 4 s ...............................1904
P.C .A 8.L .-lst,0.,7s................1900
.,140
L. Uek*. k C H c.—2d, 7«.l898
Cairo Bridge—4s................... 1950
Pitts. Ft. W. A C.—1st, 7e... 1912
Mls«.R. B ridge-1 s t, a. f., 6s.l912
.1 4 0
2d, 7 s .................................. 1912
Bpringf. D iv.—Coup., 6s-----1898
C hic B-irl. k Nor.—1 st. 5 a ,... 1926 104
3d, 7 s....................................1912
Middle Div.—Reg., 5s..........1921
Ohio. Barling. & Q,—5s. s. f..l9 0 1
Oh.St.L.AP.—lst,oon .5 a,g ...l93 2
O. 8t. L. A N . O.—Ten. 1., 78.1897 102
io # 4 Olv.—Sink, fund, 5 §.. 1919 106*
Olev. A P .—Cons., 8. fd., 78.1900
1st, oonsol., 7s.....................1897 102
97
Gold, 5s, o ou p on ................ 1951 117 120
Gen. 4*48. g., “ A .............1942
Sinking faad, 4 s .........
1919
St. L.V. A T . H.—1st, 6s .,78.1897 103*4 103 *«
P 4tn, i s .............
1921
Memp. Div., 1st g. 4 s.......1951
Bellv.A So. III., gu., g., 4*28.1897 100
2d, 7 b....................................1898
Jhleago ft Iowa Div.—5 s ... 1905
96 100
Odd. Falls k iMiun.—L8t, 7S..1907
2d, guar., 7s........................ 1898 i*o"o“
■1flic. « Indiana Coal—1st 5s. 1936
Ind. D. k 8pr.—let 7s, 1906, trust
Gd. R. AI. Ext.—1st,-4 *43,G.g. 1941
C M 411. k 3L P.—lat,8a,P.D. 1898 103
Peoria A Pek. Union—1st, 6 s .1921 110
2 t. 7 3 1Os, P. D .................. 1898 127*4
recta., ex bon ds........ ...................
751*
2d mortg., 4*48...................... 1921
l i t . 7a, « g., R. D ........ ..........1902 129
Ind. Dec. k W.—1st, g., 5s---- 1935 100
Pitts. Cleve. A Tol.—1st, 6s ... 1922
l i t . 1. k M., 7 b ......................1897 127*4 129 (Ind. Ilia, A Iowa.—1st, g, 4s.. 1939
*
Pitts. A L. E r —2d g. 5s, “ A ” . 1928
I 1st, ext., g. 5s................... ...1 9 4 3
1-t. I. k D., 7 s .......................1899 128
2 2 ^ 25
Pitta. Mo. K. A Y.—1st 6s----- 1932
Int, k G. N’ n.—3d, 4s, g ....... 1921
li t . C . k M .,7 a .........
1903 123*4
Pitts. Painsv. A F.—1st, 5 s ... 1916
Kings Co.-F.El.,l8t,5,g.,gn. A.1929
l i t . I. k D. E xten sion,7a...1908 132
94
95
Lake Erie k West.—2d g., 58.1941 102 T 104* Pitts. 8hen. A L. E.—let.g.,5s. 1940
La •*. k Dav., 5 s ........ 1919 110
1st oonsol. 5a.......................... 1943
North'n Ohio—1st, gu. g. 58.1945 103*6 105
1 it. II % I > .,7 » ....................1910 1 2 6 *
3*6"
1053. Pitts. A West.—M. 5s, g.1891-1941
L. 8. k M.Sou.—B .kE .—N ew 7a.’ 98 105
l i t , H k D . , 5 s ....................1910 108
Pitts.Y’gst’nAA.—1st, 5s,oon.l927
.....
Det. M. k T.—1st, 7s............1906
Jhleago k Pacific Dlv., 6 s.. 1910 117
108*" Rio Grande 80.—1st, g., 5 a ... 1940
Lake Shore—Div. bonds, 7e. 1899
Mineral Point Otv. 5 a .......1 9 1 0
4
St. Jos. A Gr Is.—2d ino.........1925
Kal. All. k G. R.—1st gu. 58.1938 113
0, k it 6 ip. Dlv., 5 s ..........1 9 2 1
Kan. C. A Omaha—1st, 5 s.. 1927
.......
Mahon’g Coal RR.—le t, 5 s .1934 115
ff*Tgd k South., 6s, A s s a ...l9 2 4 106
l’oT'
. . . . . St. L. A. A T. H.—Term. 5 s.. 1914
*ne. osnv. sink, fund, 5a....1 9 1 6 ........ ......... Lehigh V.,~N.Y.—1st gn.g.4*33.1940 100
Bellev. A Car.—1st, 6s......... 1923
....... Lehigh V.Term.—1st gu. 5s,g. 1941 109
Dakota k Gt. South., 5 s ....1 9 1 6
Chi.St.L.APad.—1st,gd.g.5s 1917
102“
. . . . Lehigh V’y Coal—letos.gu.g.1933
MIL k Nor. main line—6 a ... 1910 115
8t. Louis So.—1st, ga. g. 4s. 1931
92
LMo. kNorw.—30-year deb.5s.\d21 107*4 ....... Lehigh k N.Y.—1st, gu. g. 4s. 1945
do
2d
in
com
e,5s.1931
Ssoauaba A L 8 , 1st, 6 a .... 1901 .........1 ....... ij E lniiraC .kN .,l8t.g.l8tpf.6s.l914
.......
Car. AShawc.—1st g. 4 s ....1 9 3 2
_______________
____ ___________
Guar., gold, 5 s................... 1914
Oes M. k Minn.—lat,
7 a .... 1907 ___________'
St. L. A 8. F.— 2d 6s, g., Cl. A . 1906 111 1112
io v t Midland—1st, 8s.........19001*114
....... Idtohf. Car.k West.—1st6s. g .1916
2d, 6s, g., class C ................. 1906 111 112
Little Rock A M.—1st, 5s, g ..l9 3 7
O lio, k Milwaukee—1st, 7s. 1898
96*6 96*«
General 5s..............................1931
< *la . k St. P.—2d, 7 s...............1907 .........1 ........ 1|Long Island—1st, 7 s ..............1898 104“
lat, trust, g o ld . 5a........
1987 ........ I 90
89
J CO. k Mad.—1st. 6 s............1905
....... | . ... I Ferry, 1st, g., 4*48.............. 1922
Ft. 8. A V. B. Bg. -1 s t, 6 s ... 1910 105*a 110
O . t . 0 . P. k Sr. P . - l s t , 5 s . 1909 109*t 110 , Gold 4 s ........ ........................ 1932 .......
Kansas Midland—lat, 4s, g.1937
jlir t io r n ill.—1st. 5 s ......... 1910 .......... 1.........j N. Y. k R* way B .- l s t .g . 5s. 1927
42*3 St. Paul City Ry, con . 5s, g ... 1937
35
2d m ortg.. lno.....................1927
M il. L. B.kW.—C on.deb.,5s.l907
------|
!
Gold
5a, g u a r ........................1937
M l)h. Dlv., 1st, 6s...............1924! 125 1 . . . . , i N.Y.kM an.Beach.—1st. 7s, 1897 102
Bt. Paul A Duluth—1st,5 s___1 9 il
N. Y.B.&M.B.—le t con. os.g. 1935 102
AailBBd Division— 1st, 6» 1925 125 ....... .
2d
mortgage
5s......................1917 103
Brookl’ nAMontauk—1st,68.1911
OH.R.LAP—D .M .A F .D .lst4*. 1905 j ......... . . . . .
...... . . . . . St. Paul Minn A M.—1st, 7 s ..1909 110*fl
1st, 5 s .................................. 1911
1st, 2 ** s.............................. 1905 .........i 66 i
1174i
2d
mort.,
63
.............................1909
I No. Shore Br.—1st oon.5s,g.l932
ExtenalOD, 4 s............... ...1 9 0 5 ! . . . . . . 85
.......
Minneap. U nion—1st 6s ... 1927
Louis.Evans.kSt. L.—Con.5s.1939 *33"’
K’ Oknk k Des M.—1st,5 s.. 1923 ...« !1 0 5
Mont.
Cen.—1st,
guar.,
6
s
..1937
115
O M c .B t.P .k Minn.—la t ,6 s ...1918: 125 131 ILouls. ANash.—Cecil. Br. 7s.. 1907 *105 LlO
1st guar. g. 5s....... .............1937 .........105
E. H. k Nash.—1st 6s, g ....l 9 1 9 112*3
8U Paul k 8 . C.—1st, 6 s .....l9 1 9 | 128 |130V
East.
Minn.,
1st
div.
1st
5
s
.l9
0
105 *3 1.........
100 106
n i l s , k W. In L—1st, 8. f.,f 68.1919
........ |II Penwwoia
Division, 6a*s- .........
1920
.Ano J,....... 117
o.
OI
Wn*rarA81onxF.—1st, g ,5s.l93 St. r
Louis Division, 1
1st, <
63s. ... IQ
1921
General mortgage, 6 s.......... 1932
San
Fran.
A
N.
P.—1st,
g..
5s,19l9
2d, 3s.................................... 1980
CMC. <k Went. M ica.—5 s.........1921
Nashv. A Decatur—1st,7 s.. 1900 110*3 ....... Sav.Fl.AWest. -1 s t, cou. g.6s.l934
Q>a dBm. A D .—Con. s. f.. 78.1905
Southern—Ala. Cent., 1st 6 s .191a
6. f., 6s.—3. A N. A la............. 1910
Id . iOld, 4*s«..........................1937
Atl. A Char.—1st, pref., 7 s.. 189
99*"
d u . D. A ir 'll—lst,g u . 5s, g. 1941 •107*4........ 1 5o-year 5s, g .,........................ 1937 96
Incom e, 6s .. . . . . . . . . ....,1 9 0 0
95
Pens. A A t .- 1st, 6s, g old. ..1921
Olev. A t A Col.— Eq. A 2d 6s. 1930
Colum. A Green.—1st, 5-6S.1916
Collat.
trust,
58,
g
................
1931
78
C ler. AC*o. —T r.ctf a.for lst5s. 1917
E.
Tena.V. A G a.-D iv is.5s 1930
u A N . A M .kM .—1st,g.,4 *481945
O.C. C. A 3 L L.—Gem, g. 4 » .. 1993
Rich.k Dan.—Eq. s. f. g. 5s. 1909
90
Nash.Flor.A 8.—1st, gu., 5s. 1937
90
Cairo division, 4 s .. . . . . . . . . . 1 9 3 9
Deben.
5a, stam ped .........1927
90
Kentucky Central—4a, g . .. 1987
wt. Loo. Dl v.—lsto o l.ts*t4s, g. 19 90 9 2 *; 93
Vir'a Mid.—Serial aer.A, 68.1906
^ou.vVJefl. Bdge Co.—Gu.g,4s. 1945
Soring. kOoL Dlv. —i*t,g.4s. 1940
Series
B,
6
s
.
.
.
.
.
.
................
1911
41
Lou.N.Alb.ACh.—Gen.m .g.5s.l940
WhlwiW.VaLDlf.—l*t,g. 4s. 1940
Series C, 6s . . . ...........
1916
Memphis A Chari.—6s, g old .. 1924
92
Oln.Wab.kM .Dlv.—lst,g.4«.1991
8eriea D, 4 -5 s ..................... 1921
97 ' I . . . . . i|Mexican Cent. Consol.—4s, g.1911
OIxl I. St. L. k C —lst,g.,4s.l936
Series F, 5 8 ...... . . . . . . . . . . 1 9 3 1
___
I
____
1st,
cons,
incom
e
3s,
g
.........1939
Q )n s o i,tii . . . . . - . . . « — ....1 9 2 0
Wash. O. AW.—1st onr.gu.4s. 1924
81
Mex. International—1st, 4s,g.l942
Olo.Baa.kCl.—Con. ist.g .5 4 ,1928 105
Ter. A 3’n of 8 t. L.—1st, 4*43.1939 105*6
Mexican National—l 3t, g., 6a. 1927
Indiana B. A W.—1st pf.7s.1900 I07*s
106*3
1st,
con.
g.
5a..............1894-1944
105
2d, income, Sa, “ A ” ..............1917
Ohio Ind.AW.—lstp re r.5 s..1938 105
8t. L. Mer. Br.Term.,g.D8,gu..l93o ___ 105
2d, incom e, 6s, “ B ” ...,- ...1 9 1 7
O. Col Cm. A Ind.—1st, 7s,s.f.l899 106
Texas A New Orleaus—lat,7s. 1905 110 .........
Michigan Central— 6s..............1909
Oonsol sink, fund, 7s. .....1 9 1 4
Saoine Division, lat, 6s ....... 191
116*4
Ooupon,
5s........
.........
1931
Oln-ASpr.—ist,C.C.C.AI.7». 1901
Consol. 5 e ,g . . . . . . . . . ...........1949
93"
Mortgage 4 s........................... 1940 102
Clove. L*iraln A Wh.—1st, 5s. 19331
Tex. A Pac., E. D.—1st, g. 6s. 190; 106
|
BatX'.A3trgi8.-~l8t,38,g.gu.l96f,
Cm re A Msh. V .—Gold. 5 s ... 1938
|Third
Avenue
(N.Y).—la
t
5s,
1937
123
1Minn. A 8t. L.—le t, g. 7a........ 1927
11 Lack. A W.—Mort. 7« . . . 1907
T.kO.O.—Kan.AM ., Mort. 4s.l99o _____ 73
Iow a E xtension, 1st,7s.......1909
acreA N. Y .—1st, 7s.l90S! 123 130
j Tol. Peo. A West.—1st, g., 4 s .i9 i7 69 . . . . . .
Southwest E xt.—1st, 7s— .1910
Morris A Essex—1st, 7 s . . . .1914 133 140
Ulster A Del.—le t,o o n ., 6.,58.192a 100
.. ... .
Pacific Ext.—1st, 6 a .............1921 120
Bonds, 7s
1900
Union Paoillo—1st, 6 s..............189t *102*3 ____
iM o.K .A T ex.—1st, ext., 5s, g.1944
Yi o f 1871 ....... ..................1901 111
1st, 63. . . . . . ..........................1 3 9 ' *102%
72
,
Mo.K.AT.of
Tex.l8t,gn.53.g.l942
xst,oon.. gaar.. 7s............1915 137 139
1 st, 6s ....... ............
189v 103
62
Kansas City A P., I8t,4 a ,g..l9 9 0
Warrsii -2d, 7 s . . ..........
1900
Collateral L’rnat, 6s---- . . . .190:
IX All.Can.— Pa. Otv..ooap.7s.l91 • 142 147 L Dal. k W aco—1st. 5s, g n .... 1940
Collateral
Trust,
5s..............
190' *75“’
Missouri P acific—Trust 5 s ... 1917
Albany A Susq —1st. gu.,7s. 1906 122 125
Kansas Paoitio—lat 6s, g. ..1895
la to o ii.,5 8 , g ........................ 1920
118
1st, cons., guar., 6 s . ........1906
let,
6
a,
v
.......
.
..................189?
'l o o "
8t L .A I.M .-A rk .B r.,1st, 78.1895 100*4
Bens, k Bar. 1st, ooap., 7«.1921 145*4 147
.....
O. Br. U V . —F. 0., 7s.........189"
Mobile A Ohio—1st ext., 6s ... 1927
D ear. Tramway—Cons. 6s, g.1910
Atoh.
Col.
a Pac.—1 st, 6s... 190
Ht. L. A Cairo—is, guar....... 1931
MetroroL K f.—lst,gn. g .6 s .l9 ll
Atoll. J. Co. A W.—1st, 6s...l90.; , ........
116
Morgan’s
La.
A
T
.—1st
,69
.
.
.
1920
85
U*r,r. A A. G.—Im p.,g., 5 s ... 1923 * ..
’ 2 5 ““
U .P. Lin. A Ooi.— 1st,g., 5s. 191 m
1 st, 7 s ............................... ....1 9 1 8 122
Det.M. A M.—L. g. 3*4«,ser.A.l911
'19
1
Utah A N orm .—lot, 7a....... 190' '112*3 118
Nash. Chat, k 6 t. L.—2d, 6 s ..l9 0 i
Det. A Vla«3k.—1st lien, 4 s ,g ..l9 9 5
Gold,
5s........................
...l9
2
f
N. O. A. No. fc. -P r . L, g., 6 s..1915
4s, gold . . . . . . . . . . . . . . . . . . . . 1995
Utah Southern—Gen., /e ..1 90
63
iN. Y. Central.—Deb. g. 4 s ....1905 101 *4
Dnluth k Iron Range—1st 5s. 1937
Extern, 1st, 7s.......... ...1 9 0 * ......... 64
, N. J. Juno—Guar. 1st, 4 s ...1986
Erie— i*t, extended, 7 s . . . . . ..1897 1 0 2 *
R’y Oo. of O.—Cou. 6 s. 1921
1 Beech Creek—1st, gold, 4S..193U 10*3" 105*4 Valiey
21, extended, 5s.. . . . . . . . ,...1 9 1 9 116
Wabash—Debenture, Ser. A. 193'.
112
Oaw. A Rome—2d, 5s, g.,gn.l915
2*3"
31. extended, 4*es................. 1923 109*4 111
Debenture, Series B ....... . 193
”2
Utica'A
Bl.
Rlv.—
Is,
g.,
gu.1922
1
1
8
4
4ta ,exten ded , 5 s ... . . . .....1 9 2 0 115
Det. A Chic. Ext. 1st, 58. g .194'
96*3 99
103 1 N. Y. A Put.—1st, g., 4 1*. gu. 1993
102
L
1
.K.O.AN.—8t.O.Bdge6s.l90
6th, extended, 4*................... 1928
N. Y. N. U. A H .—1st, rec. 4s. 1903
134
.1920!
Weat N.Y.A Pa.,geu.g. 2-3-48 1949 *45
1st- c o o ., g., f d ,
N. Y. A Northern—1st, g. 5 s.. 1927 117
12%
B. N. Y. k B.—1st, 7s. .. .1916
Income 5s___ _ —
. . . 194? *12
N. Y. Snsq. A West.—2d, 4*49.1937 *67
B i l A 8. W.—Mortg. 6». .1903
West. Va. C. A Pitts.—lat, 6s 191
71
mort., 5s. < .....> . . . . . 1940
islers-j —1st, gu. k. 5» . ..1909 104 105 jI Gen.
Wheel.AL.E
l
e
t
'•*.
.
I'V!
f .........
W ilk.k East.—1st,gtd.,g.5a.l942
! 93*"
Wheeling Div., 1st, 5a, g ...l9 2 8
Coal A P.R .-6S.................
Northern Pao.—
* ____ 91
Dock A (m p ti,lst 6s, ouP< !y,19l3i
Extension & im p, g.,
...
*84
j
Bpokane
A
Pal.—1st,
6
s.....1
9
3
9
B rans, k T .H .— tst, eons., ff.1921 103 112 I St.Paul A N. P.—Gen.. 6 s ..19^
WiB. Cent, incom e 5-*_______
123
1*t. general, g.. 4* .....
oak. g a r T I is e e t ia iie o u a tt® u d i - S e a 3d page preoedingt
quotations
maTe
tills
w
>
fi t k f ; tU e ie a re th e lab
s>ni
i
THE
o '
Investment
[Vjl I-XIII
CHRONICLE
L a te s t G r o s s E a r n i n g s .
R o ad s.
AJ* D
|Week o r Mo
J a n . 1 to L a t e s t D a l e
1896.
1895.
1896.
$
$
$
)
1895.
$
Hons.,fc T e x .O n O c t o b e r ... 466,389 508,716 2.599,607 2,849.564
I llin o is C en tra l N ovem ber. 1,871,691 2,157,388 19,085,470 18,651,632
135,233
9,692
12,439
45^,585
Im L D ec.(feW est. 2 d w k D e c j
628.327
633,007
66.636
In d . III. & Iow a - O ctober.
73.928
99,918
I n .& G t.N o r th ’ n 3d w k D e c .
82.928 3,392.883 3.190,812
41,560
38,486 2,153.597 2,123,204
{In te r o o . (M ex.) W k.D ee. f>
41,382 1,650.078 1,598.770
30.675
I o w a C e n t r a l... 2d w k D e c .
T h e f o l l o w i n g t a b le s h o w s t h e g r o s s e a r n in g s o f e v e r y Iro n R a ilw a y . . N o v e m b e r
3,284
39,881
4,583
45,038
24.833
260,107
25,060
s t e a m r a ilr o a d f r o m w h ic h r e g u la r w e e k l y o r m o n t h l y r e tu r n s J a ck . T . <fe K . W . O c t o b e r ...
331,843
3,141
c a n b e o b t a in e d . T h e fir s t t w o c o lu m n s o f fig u r e s g i v e t h e J a m e s t’ n & L .E . O cto b e r. ..
9.687
431,578
K a n a w k a& M icli 2d w k Dec.
7,919
429,649
g r o s s e a r n in g s f o r t h e la t e s t w e e k o r m o n t h , a n d t h e la st t w o K .C .F .8cott(feM . 2d w k D e c.
81.38*2
81,873 4,210.794 4.249,120
c o lu m n s t h e e a r n in g s fo r t h e p e r io d fr o m J a n u a r y 1 t o a n d K .C .M em . B ir. 2d w k D ec.
28.699
28,763 1,124.016 1,051,61?
28,749
253.571
24,54*2
K a n . C. N. W -----N ovem ber.
222,715
i n c lu d in g s u c h la t e s t w e e k o r m o n t h .
4.225
384
423
a n .C .& B e a t. N ovem b er.
4,584
The returns o f the. street railways are brought together sep K K
750,63
12 ,H 5
.
C. P itts. & G .. 2d w k 21.835
D ec.
509,381
arately on a subsequent page.
321.106
4,730
4,881
K an.C. Sub. B elt 2 a w k D ec.
266,491
367,80*
7,625
7,795
353.350
K e o k u k & W est. 1st w k D e c.
J a n . 1 to L a t e s t D a le .
L a te s t O r o s s E a r n i n g s .
55.614
5.851
8.643
L . E rie A ll <fc So. N ovem ber.
74,238
71.083 3,176,689 3,341,873
63.088
L . E rie
W e st. 2d w k D ee.
R o ads.
1895.
1896.
W eek o r U o
1896.
1895.
360,901
31.138
L e h ig h <fe H u d .. N ovem ber.
37.984
399.161
21,111
L e x ’ g to n & E a st. O ctob er. ..
166,080
1 3 ./47
175,471
$
$
$
280,168 278,098 3,692.430 3,791,988
L o n g I s l a n d ___ N ovem ber.
165.344 L o s A n g . T e rm . N ovem b er
165,331
15.694
15,707
85,177
8,453
4.581
137,593
A dirondack....... "
37,876
45,055 1,440,976 1,557.966 L o u is.E v.& S t.L . 2d w k Dec.
24 540
A la . Gt. S o u th .. 2d w k D e c .
29.051 1,430,102 1,403,229
386,113 L o u isv .& N a sh v . 2d w k D ec. 437,700 4 *1,395 19,303,4(2* 18,922,843
408,533
62.625
51,068
A la , M id la n d . . . S ep tem b ’ r.
A la . N. O .T ex . & Pao. J u n e
58.404
73,785 2,209,409 2,272,642
L o u is .N .A .& C h . 3d w k S e p t
128.213 149,857 1,191,992 1,240,310 L o u .H e n .& S t.L . 2d w k D e c .
N. O rl.& N. E. N ovem ber.
432,150
8,538
422,831
9,486
533,906
491,656 M a co n & BLrm .. N ovem b er.
67,189
69,750
56,990
A la . <fe ViokBb. N ovem b er.
65,847
6.561
7.0 6
481 065 M a n is tia u e ........N ovem ber.
509.618
57,324
•56,898
V ick s. Sli. A P. N ovem b er.
110,286
1.841
3,126
113.314
176.996 234,260 2,142,287 2,355,637 M einnhis& C lia* 2d w k D e c .
A lle g h e n y V a l.. N ovem ber.
32.976 1,241,142 1,183,831
32.088
985,122 {M e x ic a n C e n t,. 2d w k D e c . 223,221 215,593 9,607,165 9,018,490
24.842
22,005 1,013,426
A n n A r b o r ......... 3d w k N ov
84.035 M e x ica n Iu te r’ l. O cto b e r. .. 228.195 253.16S 2,411,763 2,147,089
75,900
15,5-2
10.880
A rk . M id la n d ... O c t o b e r -..
A tc h . T.
8. F e. O c t o b e r ... 3,053.052 3,036,182 23,993,487 23,291,467 {M ex . N a tio n a l 2d wk D c.
93 ,5 -4
88,453 4.886.581 4,195,125
1,337,079
1,283,661
173.590
199,663
A tla n ta
Char. O c t o b e r ...
583.144
51,306
55,733
M ex . N o rth e rn , s e p t e m b ’ r.
518,653
382,644 { M ex ica n R ’ way W k.D ec. 5
426,601
54.866
54,668
A tla n ta & W . P. O ctob er. ..
71,211
51,256 3,081,277 2,995,322
520,113
532,508 M e x ica n S o ........1st w k D ec.
12,400
12,475
A tla n . & D a n v .. 2d w b D ec.
8,500
450.960
7,887
507,481
95,890
89,177 2,912,478 2,962,007 M iddle G a .& A tl. O cto b e r. ..
A tla n t ic <fe P a c .. 1th w kO ot.
11,955
9,247
4.5,595 M in n e a p .& S t.L . 3d w k D e c .
64,375
8,467
9,9c8
A uguBtafeout’ n . O ctob er. ..
35.044 1,934,830 1,929,528
35.857
182,097- M .
190,975
24,858
27,805
A u stin & N ’ west S ep tem b ’ r.
6 d,412 3.534,060 2,999,336
79,614
St.P .& S.St.M . 2d w k D
ec.
450,369
465,879 M o. K a n . <fc T e x. 2d w k D e c. 280,937 244,172 11,154,741 10,600,472
32.900
35.100
B alc,C lies.& A tl. N ovem ber.
B .& O. E. O. R iv . N ovem ber. 1,645,608 1,558,593
M o .P a c.& Iro n M 2 i wk D ec. 449.000
493,00> 20,804,000 21,599,080
525,236
W est.O hioR iv. N ovem ber. 511,*10
734.00
578,913
16,00.
19,00
C en tra l l l r ’ ch. 2d w k D e c.
T o t .s y s te m . N ovem ber. 2,1*7.418 2,033,829
509,00 21,538,00' 22,177,993
463.00
T o t a l............. 2d w k D e c.
115.422
134,590 5,799,049 6,144.525 M o b ile & B irin .. 2d w k D e c.
B al. & O. Sou: w . 2d w b D ec.
317,953
276,260
7.786
9,429
619,651 M o b ile & O h io .. N ovem ber. 353,684 372,969 3,343,611 3,120,467
597,420
82,970
80.958
B a n g o r A A roost O c t o b e r ...
29,467
26,760 M o n t.& M e x .G lf S ep tem b ’ r.
7,174
10,375
B ath H a m ’ nds O ctob er. ..
833,18
75,273 103,77
923,027
21,521
20,969 Nash.Ch.<fc St. L. N ovem b er
3.239
2.498
B ir. & A tla n tic. N ovem ber.
403,768 491.701 4,571,014 4,413,572
B r o o k ly n ELev.. S e e S t r e e c R a il w i r LIST.
3,854
N el. & F t. S h’ p ’ d O cto b e r. ..
7,718
3-0.28 5 N e va d a C entral. Septem b’ r.
449,507
49,007
53,469
B ru n sw ’ k& W est S eptem b’ r.
26,23*'
5,182
20,980
3,298
59,748 3,203,793 2,968,039 N. Y . C.
57,290
B u ff.R ocb .& P itt 2d w k D c c .
H. R .. N ovem b er.
4,201.746 40,436,860 40,318,040
393,451 N. Y . Out. <feW.. 2d w k Deo. 3,882,318
493,059
49,004
42,347
B u ffa lo & S usq.. N ovem ber.
61,-n*4
64,385 3,696,016 3,558,844
4.306,823
98.094 112,278 4.255,255
Bur.C. R ap . & N. 2d w k D ec,
210.654 206,009 2,067,752 2,068,320
N .Y .S usq. <fe \V.. N ovem ber.
422, Ox- 19,570,042 17,890,420 N o rfo lk <fe West. 2d wk Dec- 250,071 251,141 10,491,100 9,119,052
C an ad ia n P a cittc 2 d w k D e c . 443,00*
41,565 N orth es’ n (G a .). S e p te m b ’ r.
50,175
7,310
6,831
O ar. M id la n d ... O ctob er. ..
36,073
43.737
4,002
6,346
542,688 598,265 4 ,1 6 2 ,7 2 ' 4,048,036 N orth ’n C entral icto b e r.
C ent, o f G eorgia O ctob er. ..
655,250 655,359 5,214.585 5,362.005
C e n tra l o f N. J. O c t o b e r ... 1,263,807 L,257,871 10,485,734 10,765,791 N orth ’ n P a c ific . 2d wk Dec.
344,472 398,832 17,988,078 18,425,085
C en tra l P a cific. O c t o b e r ... 1,320,358 1,335,228 10,438,893 10,874,977 O co n e e <fe W est. N ovem b er.
26,655
33.077
2.969
3.533
39,851 O h io R iv e r ......... 2 d w k D ec.
46,195
4,780
5,050
C hari. Cl. & Sut. O ctob er. .
928,^61
18,223
845.618
15,495
423,903
402,9 L8 O h ioR iv.tfeC lias N ovem ber.
36,774
30,524
Chariest*n<feSav. S eptem b ’r.
170.730
167,281
17,27^
18.581
214,270 213,79b 9,761,141 9,296,298 O hio S o u t h e r n .. N ovem b er
Clies. & O h io___ 2d w k D e c,
696.109
645 <6il
78,266
33,871
178,572 196,8 48 1,282,553 1,295,484 O h io V a lle y ........S ep tem b ’ r.
Ches. O.
So.W . J u l y ...........
268,737
256,687
Chic. B ur. & Q .r/ O c t o b e r ... 3,773.809 3,669.158 28,393,094 27,531,483 O regon Im p. Co. s e p t e m b ’ r.
270.517 2,443,180 2,4o9,946
2 60 .86 0
92.597 3,664,673 3,693,107 O reg. ttK .& N av . N ovem ber. 471,340 3 32.57
85.527
Chic. A E a s t. 111. 2d w k D e c.
82.800 4,443.994 3,873,450 Pacidc Mail.......October. ..
90,485
C hic. Gt. W est’ D 2d w b D ec.
337,108 369.066 3,255.573 3.647,650
590,528 653,818 30,536,941 29,817,346 P e n n s y l v a n i a . O c t o b e r . .. 5,596,878 6,263,278 51,657,948 53,109,948
O h ie .M il.& S t.P . 3d w k D e c.
C h ic .& N ’ th w ’ n . N ovem ber. 2,4 8,831 3,087.368 29,730,719 28,888,613 P e o ria D e o .& E v . 2d w k D e c.
872.198
817.459
21.127
19,037
633,755
685,454
67,040
72.155
C hic. N o. P a c . O ctober.
452,918
e te rs b u rg ......... O cto b e r. ..
46 ,59
45.972
46,5*6
851,592 P
817,294
67,718
79.338
Chio.Peo.«fe8t.L. N ovem ber.
Pliila. & E r ie ___ O ctober.
3,586,167
3.684,581
527,561 482,845
O h io.R ’k I. P . . N ovem b er 1,201,636 1,399,774 14,184,562 14,075,932 Pliila. & R e a d ... O c to b e r. .. 2,060,106 2 274.26 f 16.885,701 17.730,961
O hio.St.P.M .& O . O c to b e r .'.. 1,117,262 1,044,093 6 ,7 4 4 ,-7 - 6,018,115
C o a l & Ir. U o.. O c to b e r .. 2 7«>7 852 3,350 686 18,936 684 19 998.319
1,640,982
1,555,915
26,819
28,697
Chio. & W . M ich. 2d w k D e c.
T ot. b o th C o’ s. O cto b e r. .. 4,827.95* 5.624.947 35 822 385 37,729,28C
135,190 104,722
Choc. Ok.& G u lf O ctob er.
5 /8 ,0 3 0
636,469
73,168
h. R ead . & N .E . O cto b e r. ..
64 566
60,584 P
56 171
4,760
5,017
C ln .G a , <fc P orts. N ovem ber.
P itts.C .C .A S t.L . N ovem b er. 1,047,434 1,437,250 13,134.406 14,115,406
14,025
603,0 0 P itts. Lisb.(feW ’ 11 N ovem b er.
671 863
13,655
Cln. J a c k .& M ac. 2d w k D e c.
40,954
39 685
4 596
3.227
3,369,986
568
3,067,
347,750
280,248
Oin. N .O . & T. P. N ovem ber.
588.494
608.201
12,362
itts. Sh. & L .E . 2d w k D ec.
11.428
256,176 P
251, 177
23,417
C im P o rts. & V . N ovem ber.
27.709
29.192 1.533,552 1,635,249
32,424
650,106 P ittsb.ec W es’ n. 2d w k D e c.
673. 964
11,270
13,667
C le v .C a n .& S o .. 2 d w k D e o .
705,541
852.251
15.529
13,85-5
P itts. Cl. & T ol. 2d w k D ec.
C l.C iu .C h.& S t.L 2d w k D e c. 255,772 257,650 12,302, 99 j 13,332,579
335.951
372.159
5,176
5,803
P
itts.
Pa.
<feF.
2d
w
k
D
ec.
196,574
1.43S, 629 1,651,131
140,385
P eo. A E ast’ n. O ctob er.
2,719.139 2.897.718
49
8
9
"
52,</85
T
o
ta
l
s
y
s
te
m
..
2
d
w
k
D
e
c.
19,414
CL L or. A W heel. 2d w k D e c .
30,180 1.237, 786 1,417,382
98.864 147.858 1,311,830 1,626.104
158,643 143,40Z 1,682, iy 4 1,581,318 P itt.Y o u n g .& A . N ovem b er.
C o l. M id la n d — N ovem ber.
269,229
22,359
237 996
20,449
C ol. H . V. & T ol. N ovem ber. •253,951 272,187 2,274, 994 2,416.275 Q u in cy O. je K .C . N ovem b er.
613,558
593,462
61,959
R
ic
h
.F
r’
k
sb
<fcP.
O
cto
b
e
r.
..
54 426
797,762
61,224
C o l.S a n d ’ y(fe H. N ovem ber.
742, 932
75.065
284.204
288.057
29
285
27,752
R
ic
h
.<
&
P
e
t
e
r
s
b
.
O
c
to
b
e
r.
..
C o lu sa <fe L a k e .. N ovem ber.
1,300
17,277 R io Gr. S outh’ u . 2d wk Dec.
1,200
17, 991
425,798
431.214
12,430
7.911
O rystaL............... O ctober. ..
540
7,463
1,141
9, 753
2.326,799
2,333,381
40.700
46,250
R
io
G
r’
deVVest.
3d
w
k
D
e
c
.
C u m b T d V alley O ctob er. ..
75,233
710,090 S a g .T u scoia & H . S e p te m b ’r.
69 -, 267
87,204
85,341
82,149
11,353
11,187
D en v. tfc R io G r. 3d wk D ec.
124,000 130,200 7,043,,264 7,070.014
5,86 l
6,494
t.L .K e u ’ eLfeSo. N ovem b er.
2,470
Des M. (fe K an.C 1st w kD ec.
92,098 S
108,,559
1,855
4,946,633
5,076,009
633.557
S
t.L
.&
S
an
F
ran.
O
c
o
b
e
r.
..
574,043
Dee. M. N. & W .. N ovem ber.
344,492
405,,255
32,494
36,602
131,500 116,600, 4.584.018 4,784,558
D e t.L a u s’ g& N o. 2d w k D e c.
20,378
13,763 1,104,,884 1,097,685 St.L. S ou th w est. 2 d w k D e c . 155.332
174,190 1,4^9.350 1,458 888
St. P a u l <fe D ill..[N o v e m b e r.
D e t.& M ackinac O ctob er. ..
19.268
356,,850
24,797
309,876 San
n t. (fe A. P . ' O c to b e r. ..
255,536 229,896 1,666,013 1,626,074
24.555
DuluthS.S.cfeAtl. 2d w k D e c.
35,275 1,837, 607 1,73 S.324 S an FAra
760.063
693.510
64,239
58,524
n
,
(fe
N
.P
.
N
o
v
e
m
b
e
r.
93,401 123,141 1,194, 173 1,056,532
E lg in J o l.& E a it. N ovem ber.
274.311 260 124 2 502,127 2 483,489
E r ie ...................... O ctob er. .. 3,098,295 3,166,463 25,639,,631 25,176,419 Sav. Fla.vfeWest.ISepLeuub’ r.
317,862
2
/2
,841
19,719
13.867
Slier.Slirev.(feSo.|itk
w
k
N
ov
5,372
E ureka S prin gs. S eptem b ’ r.
49,544
46,,317
5.021
Evans.(telnd’ plis 2d w k D ec.
5,148
6,677
287.853 Seab’ rd A ir L in e S e p te m b ’r. 334,876 256,736
27i, ,960
139,534
15,777
144,647
10,522
Sil.
Sprs.
O.
&
G.]Sepr.em
b’
r.
E v a n s. <fc R ic h .. 2d w k D e c.
1,019
2.686
109,707
111 ,,780
7.037
3.674
f i vansv. <fe T. H . 2d w k D ec.
94,105 1,005,,745 1,040,706 S il v e r t o n ........... 'N o v e m b e r.
21.674
25*861
1,363
18,465
2,599
S
o
.H
a
v
e
n
&
E
a
st
N
ovem
b
er.
F itc h b u r g ...........O ctob er. .
688.279 754,736 6 , 101 .,630 6,110.422
F lin t, (fe P .M arq. 2d wk D ec.
53.432
45,346 2,458,,205 2,387.439 S o. P acific C o. — |
551.729
3,895
336
4,135,998
533,047
Gal.Har.cfe
S.A
O
c
to
b
e
r.
..
F la. C ent. & Pen. 2 d w k D e c.
41,858
37,873 1,911. ,796 1,8 L7.709
744.700
884.645
106,916 122,256
L o u is’ a. W e s t.|O cto b e r. ..
29,386
F t-W ’ th& D en.C. i t h w k N ov
896,,548
24,003
984,941
4
0*3,112
610,215
4
626,393
630,943
M
o
rg
a
n
’
sLfeT.
O
cto
b
e
r.
..
F t. W . A R io G r. N ovem ber.
34.925
297,,292
52,716
359,885
219,402
26.897
197,683
36,925
N .Y .T . (fe M ex. O cto b e r. ..
G ads. <fc A tt. U .|N ovem ber.
827
9,,738
938
8,383
165 665 l . L 6,713 1.356,244
136.911
T e x . & N . O rl.. O cto b e r. ..
G e o rg ia R R ....... ttli w kN ov
45,142
55,334 i 1,407,,812 1,199,999
A tl. P r o p ’tes.fc O cto b e r. .. I 1951119 /'2056650 /L340Z409 fl4 3 5 1 3 5 3
Georgia (fe A la.. 2d wkDec.
19.155
822,,325
11,394
469,712
P a cific sy ste m O cto b e r. .. 3,228,794 3.291 565 26,435 948 26.982,607
Ga. Car’la & No. Septemb’r.
94,636
630, ,477
57,318
479,186
T o ta l o f all.e O c to b e r. .. 5,179,91* 5.348,215 39,833.6*14 41.333,961
Geo. So. <fc F la.. November.
74,413
805, ,379
76.101
751.122
949.172 1.004.947 8,289,305 8,654,820
So. P a c. o f Cal. O ctob er. ..
Gr. Rai>. <feIn d .. 2d wk Dec.
31,697
36,377! 1,821, ,617 1,977,914
224,893 250,903 1,846, t65 1,857,431
S
o
.P a o .o fA riz . O cto b e r. ..
Cln.R. & Ft. W. 2d wk Dec.
7,413
374,
,931
8,280
428,423
935,022
890 415
106.127 116,426
S o.P a o .o fN .M . O cto b e r. ..
522
Traverse C ity. 2d wk Dec.
43,,152
1.239
42,511
236.127 205.365 1,810.290 1,648,807
N
o
r
t
h
e
r
n
R
y
..
O
ctob
er.
..
Mus. G. R. & I. 2d wk I >ee.
2,283
115,,428
2,090
111,400
17,630.344
17,832,536
420,251
Tot. all lines 2d wk Deo.
41,920
47,986 2,355,,129 2,560,346 S ou th ern R y . . . . 2 d w k D ec. 409,113
225,125
356,995
29,159
44,039
Grand T ru n k ... *2d wk Dec. 345,942 343,245 17,686,,200 ,17,059,548 S p o k .F T s & N o r . O cto b e r. ..
810,513
810.479
Chio. <fc Gr. Tr. 2d wk Dec.
63,919
59.893 2,932,,683 2,644,484 Staten I.R a p .T r. A u g u s t----- 147,437 153,020
37,182
2,512
39,213
1,938
S
ton
yC
l.
(feC.Mt.
u
c
to
b
e
r
.
D etG r.H .& M . 2d wkDec,
18,711
16,732
907.,969
958,610
111,150
968,565
788,836
94,089
S um m it B ra n ch . O cto b e r. ..
Oin.Sag.(feMac 2d wkDec.
2,367
2,927
724
563
605,282
91.246
88,476
L
yk
.
V
al.
C
oal.
O
cto
b
e
r.
..
Tol.8. & Musk. 2d w kD ec,
1,646
1,101
182.565 202,396 1,5(3,399 1,573,847
Great North’n—1
T o t’l b o th C o’ s O cto b e r. ..
236,472
267.536
11,202
7,351
8 t P. M. <fe M. November. ;1,648,388 1,936,680 14,498,392 13,397,817 T e x a s C e u tr a l.. 1st w k D ec.
East o f M inn.. [November. 213,937 234,420 1,796,103 1,493,381 T e x a s & P aoifto. 2d w k D e c . 184.413 210.225 6,330,926 6,539,170
3,496
3,292
MontanaCeut. November. 153,974 144,76 7 1,760,208 1,421,956 T e x . S. V .& N .W . N o v e m b e r.
32,726 1,736,252 1,793,221.
30.439
T ot.system . November. 2,016.299 2,315,867 18,054,703 16,313,154 T o L & O h io C e n t. 3 d w k D e c.
18,729
942.967
905,207
17,918
Gulf & Chicago November.
W e s t.. 2d w k D e c.
6,513;
5,809
42,755
41,947 T oL P.
40 338 1,866 866 1.619,868
G ’lf B’mnttfeK.O. November.
48,71“*
10.342
8,649
87,284
66,836 ToL S t.L .& K . C . 2 d w k N o v
Hooa.Tun.A Wil. October. ..
319.153
313 002
4,650
5,819
38.336
38.003 U lster & D ela w . Sep to m b ’ r.
Hailroad Intelligence.
RAILROAD
EARNINGS.
&
&
&
&
&
&
&
&
&
D ecember 26, 1596.]
BO ADS.
Latest Orou Earnings
Weekor Mo 1896. 1895.
THE CHRONLCLE.
Jan. 1 to Latest Date .
1896.
1 895.
Union P acific*
*
I
Un. Pac. H R .. O ctob er. .. 1 ,691,088 1.646,40(5 11,843,361 11,8 31 ,0 4 6
O r.8.L .A U .N . O c t o b e r ... 5 7 0 ,01 0
6 1 2 .8 0 1 : 4,5 7 8,80 5 4,4 2 2,37 2
St.J06.AGd. I*. O ctob er. ..
Kan.C.AOm. O ctob er. ..
Tot.St.J.AG.1 11 st w k D ec.
C e n t . B r ............. a
1st w kD ec.
▲oh.Col. A P ;
▲oh-J.C.A W < |O c t o b e r ...
Oen.Br.AL'dL. j O c t o b e r ...
Ur'S total *c O ctob er. ..
U. Pac. D. A G ... O ctob er. ..
Wabash ....... .
W aco A N orthw
W. Jersey A S ea ’ e
W .V.Cen.A Put?West Va. A Pitta
Western o f A la
West. ff.Y . A Pa
WfteeL A L. Erl*
Wisconsin Cent
Wrlghtsv.A Ten
York Southern.
3*! w k D e c .
O c t o b e r ...
O ctob er. .
N ovem ber.
S ep tem b ’ r.
O ctob er. ..
2*1 wk D ec.
3*1 wk Dec.
2 d wk D ec.
N ovem b er.
O ctob er. ..
90,631
1 6 ,7 1H
22,8 95
17,000
3 6 ,2 0 6 1
7 2 ,6 1 3
570 ,93 4
509,008
7 ,8 3 5
92.351
57,4 86
1 4 ,5 5 9 1 763 .92 8
643 ,95 6
1 5,0 00 '
715,863
5 61,948
26.054;
270 ,32 2
2 2 1 .4 7 7
80,1981
6 5 .5 2 8 1 621,581
4 76 .47 8
2,6 2 2,20 3 2,,572,824118, ,883,811 18.3 42 .1 4 6
346 ,31 0
3 3 2 ,81 2 2, 517.118 2 .511,778
215.841
250,697(11 ,6 6 0 ,8 6? 12,337,280
36,7 09 j
49,0181
210 ,91 7 j
2 19,442
159,990
184.293!
91,530
104.74b
35.345
38,632
291,662
2 81 ,57 6
67,813
65,4391
4 69,676
431 ,01 6
57,100
61,1 00
,925,690 3 ,1 8 6,24 2
21,9 60
29.291
,277,673 1,326,269
75,526
67,7.35
,104,225 4,225,4 36
8,289
7,52f
84.751
77,323
7 .9 0 8
7,171
• r'Urur*-* gi \en *lo n ot in clu d e O regon R v. A N av., U n. Pao. D e n v e r A
Oalf, D e n v e r i ea d v llie A G u n n ison , M on tana U nion and L ea v en w o rth
Topeka A 8 o u ih western, a These figures in clu d e results on ea sed lines
ft Includes ea rn in g s fro m fe rrie s , e t c ., n o t g iv e n s e p a ra te ly . I M e x i
can currency, e Includes only half o f lines In which U n ion Paeiflo has
a half Interest
d In clu d es op era tion a o f the Ohio. B u rlin g ton A N orth ern in b o t h
years.
$ C overs results fo r lines d ire ctly o p era ted ea st o f P ittsb u rg ,
e In clu d es results on a d ilu te d lin es.
/C o v e r * besides the V tU atio .System th * H ouston A Texas C entral.
Austin A N orthw estern, C entral T ex a s os N orthw estern and Ft. W orth
A New Orleans.
Latent Wrosa Earning** by Weeks.— The latest weekly e a r n
ings m the foregoing are separately Bummed up as follows:
For the second week of December our final statement covers
72 road*, nod s h o w s 2*41 per oent lo s s in th e aggregate
2d iseek o f December.
1896.
*
PreVIy reported >31 r'd . 3,859,896
Alabama lit. Southern...
37.S76
12,47.*.
A ti»nlto Sl Denvllie— ..
Burl. O d . Rap. A North
98,094
90,48
Chicago Great N extern.
Chic. A W**M Michigan.
26.319
Cln. Jackson A Mackinaw
l 4,02 b
1 1,270
Cleve. Canton A Soutn’n
255,77.
Clev. Cln. Chic. A Ht. Is..
Clev. Lorain A Wheeling
19.414
Detroit Latin*g A North’ n
20 37f
Doiuth So. Shor* A All
24.55
1.019
Eranev. A Richmond .. .
53.472
r u n t ■* Pen* M »r|a«t
41,35Fl»- Cent. A Peninsular.
19.15
Georgia A A iaoam a..
Grand Rapid* A Indiana
31,697
7,413
Cincinnati K. A Kt. W
522
Traverse City. ..............
2,2 So
Mask. Ur. Rap. A Ind .
Grand Trunk o f Canada
345,94 '
Cbic. * Or. Trank........
63 .-19
Dot. Gr. Haven A Mil.
IS.7 11
<^1n.8ag. A Mackinaw..
2.367
Tol. Sag. A Muskegon..
1.646
9.69 i
Indiana Decatur A West.
30.675
Kan. City Yt.H. A Mem.
SI, Si
28,699
LoQisv. Kvaoftt*. A St. L
24i540
LonUv. Hen*!. A St. L ...
8.531437,700
Loulavlile A N ashville...
Mfitupnis A Charieelou.
33.088
M inn. St. P. A S. Ste M.
79,611
MoMle A Hlmainkham..
9,429
250,071
344^47«
15.49
11,428
Pltteb. Bhen. A L. Erie..
409.113
Southern Hallway..........
Toledo Peoria A Weet’n..
17.948
57.100
Weet. N. Y. A Penn.yiv
Total *72 roads*
■ et d ecree*. '2-41 p. * ..
6,309,052
1895.
*
3,929.247
45.05
12.400
112,278
62.801
28,697
13.65
13,667
257.650
30,1*0
18.763
35,27;
2,686
45,346
37,832
11.394
36.377
*,290
1,239
2.090
343,245
59,893
16.732
2,927
1,101
12.439
41,382
81,873
28,763
29 j)51
9,486
441,395
32,976
65,4 0
7,78e
251,141
398,832
18,223
12^362
420.251
18,729
6 1 ,LOo
.... ...
7,080,010
Increase.
S
137,309
7.8
7,685
370
1,615
H,12f
4.026
7,761
198
2,697
4.026
1,979
Decrt use.
*
206,660
7,179
14.184
1,878
2,347
1.878
10.766
...
11.202
1,6»3
.... ...
..............
192,25 7
Roads.
Oror* Earnings.-— *
1896.
1895.
a
a
4,630
H67
717
560
2,747
10,707
491
64
4,511
948
3,695
888
1896.
s
36,1 26
3 3 0 ,26 7
1 895.
$
40,483
308 .26 8
1896.
$
13,354
1 1 6 ,89 2
1895,
*
19,761
104,9344
.1 1 ,7 3 0,39 6 12,4 07 ,8 9 6 3,8 0 4.21 3 3 ,9 6 1.26 1
,44, L36.860 -44,338,888 14,3 47 ,5 0 3 1 3 ,8 3 3 ,0 0 2
N. Y . O nt. A W est.a ..N ov..
3 3 7 ,79 0
349 ,27 5
110,612
1 2 0 ,6 9 6
J an . 1 to N ov. 3 0 ____. 3,5 8 0,09 8 3 ,4 2 7,97 2 1,0 4 7,70 9
9 8 8 ,3 8 4
J u ly 1 t o N o v . 3 0 ........ 1 ,847,990 1 ,749,016
623 ,97 6
582,471.
N Y . Bus. A W est. b ..N ov ..
2 10.654
206 ,00 9
1 0 0 ,0 2 2
85,645J an . 1 to N ov. 3 0 ......... 2,0 6 7,75 2 2,06S,320
908 ,36 8
7 8 6 ,3 1 7
J uly 1 to N ov. iO ....... . 1.0 3 5,S 0 o
992,728
4 6 9 ,03 2
4 2 2 ,6 9 2
Ban Fr. A N . P a o ....... N ov.
53,5 24
64,239
2 0 ,0 0 0
16.4 08
J an . 1 to N ov. 3 0 ........
693 ,51 0
760 .06 3
215 ,05 1
2 4 7 ,00 5
J u ly 1 to N ov. 3 0 ....... .
351 ,28 1
396,111
1 42,630
1 54,457
S outhern P aclflo—
Gal. H. A 8 . A n t .b .. Oot.
5 3 3 ,04 7
551 ,72 9
2 3 3 .7 7 0
2 6 7 ,3 7 2
J an . 1 to Oet. 3 1 . .. 4 ,135,998 3,8 9 5,33 6 1 ,4 1 2,33 2 1 ,2 3 8 ,7 7 8
L ouisian a W e s t.b ..O o t.
10 ‘>.916
1 22,256
52,311
7 1 ,9 2 2
Jan . 1 to Oot. 3 1 . ..
744 .70 0
881,645
2 79 ,22 9
4 0 7 ,6 4 6
M’g a n ’s L a.A T ex.b -O ot.
6 30.943
640,215
295 580
2 6 5 ,0 0 3
Jan. 1 to Oot. 3 1 . . . 4 ,033,112 4 ,6 2 9, <93 1 ,027,968 1 ,0 4 5 ,1 2 6
29.^9 *»
36,925
N .Y .T e x . A M . b . Oot.
2 2 ,4 1 4
1 5 ,0 6 6
Jan . 1 to O ot. 3 1 . ..
2 19.402
9 3.0 3 L
107 ,83 3
6 5 ,8 0 9
T exa * A N. O .. b .. Oot..
136 ,91 1
165 ,66 5
49,4 69
8 4,1 84
J a n 1 to Oot. 3 1 . .. 1,100,713 1,3 5 6,24 4
3 4 1 ,0 2 6
5 5 3 ,0 0 4
A tla n tic P r o p .b ....O c t .. 1,951,119 2 ,0 5 6.65 0
892 ,44 4
9 9 9 ,4 3 9
J an . 1 to O c 5. 3 1 ........13.4 02 ,4 0 9 14,3 51 ,3 5 3 3 ,9 3 6,58 2 4 .4 1 0 .8 7 2
P a cific 8 ystera b . O ct. 3 ,2 2 8,79 4 3,2 9 1.53 5 1,4 39,523 1 ,3 8 0 ,6 8 7
Jau . 1 to O ct. 3 1 ........26,4 35 ,9 4 8 2 6,9 8 2 ,6 0 7 9 ,3 6 7 ,8 8 4 9 ,1 2 2 ,6 0 6
T o ta l o f a l l . b . .....O c t . 5 ,1 7 9,91 2 5,3 4 3,21 5 2 ,3 2 1 ,9 7 0 2 ,3 8 0,17 5
Jan . 1 to O ct. 3 1. ...3 9 ,8 3 8 ,6 0 4 4 1 ,3 33 ,9 6 1 1 3,3 54 ,4 2 4 13,5 33 ,4 7 8
949 ,17 2 1,004.947
8 o. Pao. o f C ul..b. .O ot,
436 ,32 9
4 2 6 ,2 4 3
Jan. 1 to O ct. 3 1 ........ 8,2 3 9,80 5 8,6 5 1,82 0 3 ,0 5 9,61 8 3 ,3 2 4 ,1 1 2
So P a o.of A riz’ a .b .O ct.
2 7.013
2 2 4 .39 3
250 ,90 3
1 1 7 ,2 0 6
Jan . 1 to O ct. 3 1 ........ 1 ,840.165 1,8 5 7,13 1
353 ,72 8
554 ,08 4 ,
5 1 .1 6 9
S o.P ao. o f N M l»...O ct.
106 ,12 7
116,420
6 8 .0 8 5
9 3 5 ,0 2 2
2 9 6 ,3 4 8
J an . 1 to O ct. 3 1 ........
8 90,415
3 5 5 ,5 8 9
2 36 ,12 6
5 9 ,9 2 4
N orthern R u r v .l» ..O c t .
205 ,36
1 2 6 .31 2
7 0 8 ,31 3
3 1 5 ,2 8 7
J a a . 1 to O ot 3 1 ........ 1 ,8 4 0,29 0 1 ,618,807
44,903
TenD. C o il l. a RP,. ..N o v .
9 0 ,9 9 2
9 1 1 ,3 7 9
667,521
J an . 1 to N ov.
........
42,421
21,5 36
3 2 ,7 4 6
T exa s C entral . . . . . Oot.
5 0,3 60
8 1,2 9 4
222 .70 3
51,559
Jan . 1 to O ct 3 1 ........
2 3 4 ,0L9
9 2 .2 4 0
27,4 92
2 9 ,5 7 0
100,695
Tol. P eoria A W eat.b..O ct.
178 .64 4
3 12.775
2 » *.343
J an . 1 to Oot. 3 1 . . . .
817,911
85,387
9 0 ,4 1 8
3 23.804
3 57,931
J u ly 1 to O ct. 3 1 ........
S
3)
a N et earnings here giv en are a fte r d e d u ctin g ta x e s,
b N et earnings here giv e n are b e fo re d e d u o tiu g tax es.
Road*.
Buffalo A Susqueh’ a..N ov.
J u ly 1 to N ov. 30. . . .
San Fran. A No. Pao . Nov.
J u ly 1 to N ov. 3 0 .......
T enn . C oal I. A RR .N o v .
J a n . 1 to N ov. 3 0 ........
T o led o Peo. A W est...O ot.
J u ly 1 to O ot. 3 1 ........
1896/
$
12,9 76
63,787
19,1 04
9 5 ,5 2 1
47,884
526 ,72 4
21,9 73
87,8 90
— B o f.
1895.
*
11,540
56,5 62
19,212
96,0 62
48,735
5 47 ,05 0
20.335
81,537
of Nci Ko' n r . —,
1896.
*
13.4 50
8 ,792
896
4 7,1 09
d o f.2 ,9 7 5
140,797
5 ,5 1 9
d e f.2 ,0 0 3
1895.
JP
1 1 ,5 6 2
55.L 01
d e f.2 ,8 0 4
5 8 ,3 9 5
4 2 ,2 5 7
3 6 4 ,32 9
9 .1 9 1
1 4 ,8 8 1
STREET RAILWAYS AND TRACHOV COttPAXlES.
The following table shows the gross earnings for the latest
period of all s t r e e t railways from which we are able to obtain
veekly or monthly returns. Tne arrangement of the table io
the same as that for the steam roads—that is, the first two
oolumns of figures give the gross earnings for the latest
............ week or month, and tne last two columns the earnings for
1,070
54,360 the calendar vear from January 1 to and including such latest
2,723 week or month.
934
11.138
781
4,000
363,215
170,953
Net K am i ngs.- -— 1895
1896.
3
K e o k u k A W est’ n . b. .O c
Jan . 1 to O ct. 3 1 . ..
N. Y . C entral & Hurt.—
Gross K arm ngs-
—Inler'l, rentals,
Net Earning* loathly te Latest Dates.— The table f o l l o w
in g shows th e net earnings of S t e a m railroads reported this
w e e k . A full detailed statement, including all roads from
w h ic h montnly returns can be obtained is given once a month
in these columns, and the latest statement of this kind will
be found in the C h r o n i c l e of December 19,1896. T h e next
w ill appear in the i&»ue of January 23, 1897,
------
’ -----
Roads.
Interest Charges and Sarplns. -The following roads, in
addition to their gross and net earnings given in the foregoing,
also
report charges for interest, &c., with the surplus or deficit
10.720
1,667 above or below those charges.
545
.........
1153
I
89,691
53.820
A llegheny Valley. .N ov.
176,996
234,260
950,533
759,536
Jen. 1 to N**v. 3 0 ..... 2,1 42,2 8/ 2,355,837
106,064
93,899
Buff. Roch.A Pitts.b .Nov.
301,898
300,519
710,107
Jan. 1 to Nov. 30....... 3.082.401 2,783,542 1,007.047
408.404
526,921
July 1 to Nov. 30....... 1.539,650 1,372,425
23.102
23,426
Buffalo A 8usqueb.a.Nov.
49,004
42,347
176,830
237,541
Jan. 1 to Jfov. 30.......
493,059
393.451
1 11,663
146,579
July 1 to Nov. 3 0 .....
262,553
219,4*3
5 6 1 ,78 8
613,468
Centra* Paritic. b ...... Oct. 1,320.358 1,335,228
Jan. 1 to o e k 3 1 ........10,438.393 10.874,977 4,003,237 3 ,9 8 1.64 3
4 ,2 3 9
3 .0 6 »
Dee Molnea A K. C ...O ct.
10,878
10.365
2 0,9 i t
2 6 176
Jan. 1 to Oct. 3 1.......
96,643
80.110
39.2
43
39,981
E d .E l.lll.C o., Bklyn.Nov.
79,504
77,828
2 8 0 ,22 3
229 ,63 2
tloust. A Trx. ' Vr>»...Oct.
166,389
503,716
9 6 7 ,7 4 0
6 9 4 ,8 6 5
Jan l t o o o » . 3 l ....... 2,599.807 2,349561
169
d cf.4 3 6
Jack. Tarr. A K. V...Ocr,
21.833
25,000
28,6 55
9 ,0 9 1
Jan i to O o f 31 . . .
260.107
331,843
d
e
f.7
,3
09
8.085
Apr. 1 to Out* 31 . . . .
170,174
171,721
STREET
G ro ss
EARSIN08.
R AIL W A Y'S
ASO
T R A C T IO N
C O M P A N IE S .
Latest Gross Earnings. Jan. 1 to Latest Date
1895.
Week, or Mo 1896. 1895. 1896.
Akron B e d P d A Clev. ]N ovem b er.
A kron S t.R v .A III. Co (N ovem ber.
AilrtAti'u i* Leh. T r ’ t’ n M ay............
A m sterdam 8 t. R y . . - INov em ber.
A uders’ nSt. R y.(Iu d.) O cto b e r. ..
A tla n ta R a ilw a y ......... N ovem b er.
A urora St. Ry. (Ills.). N ovem b er.
B altim ore T ra ctio n ... N ovem ber.
Bath 8 t. Ry. (N. Y .I.. N ovem ber.
Bay C ities C o n e o L ... N ovem b er.
B ingham ton St. R y ... N ovem ber.
B rld gep ort T ra ction . N ovem ber.
B rock ton C on. 8 t. Ry. N ovem ber.
B rook lyn E le v a te d .. J u ly ...........
B r’ klyn R ap.T r. C o.—
B rooklyn H e ig h ts .. N ovem b er.
Br’ k lyn Qu’ ns A Sub N ovem ber.
T o ta l fo r sy ste m . N ovem b er.
Buffalo R y ................... S eptem b ’ r.
C hester T ra o tio n .. .. N ovem ber.
Chic. A 80 . Side R .T .. N ovem ber.
Cln. N ew p ort A C o v.. A u g u st----C ity E leo. (R om e.G a.) N ovem b er.
C lev elan d C ity R y .... A u g u st----C levelan d E le c t r ic ... N ovem b er.
C leve. P a in s v .A E ----- N ovem ber.
C olum bus St. R v. (O.) 1st w kD ec.
C oney Isla n d <x B’ lyn. N ovem ber.
Conaol. T ra ction N.J S eptem b ’ r.
D a u v. Gas El. L igh t A
Street R y .................. A ugu st.
D a yton T ra ctio n ......... A u g u st—
D en ver C on. T ra m w . N ovem b er
D e tro it R v —
--------- N ovem ber.
$
5 ,466
6,199
16,180 15,670
21,234 19,119
3,828
3,926
3,309
4,665
8.768
6,171
5 ,650
4,971
95.604 94,748
1,493
1,424
6,788
6,560
9,513
10,233
23,841 2 4,427
23,899 20,379
127,910 159,745
90,175
191,118
80,744
45,1 95
1 6 8 ,73 3
72,2 23
4 2 ,8 3 3
,143,712 1 ,060.203
19,022
19,214
81,669'
83,475
1 1 6 ,2 4 9
132,315
278,841
96,606
293,929
2 52,355
,040,526 1 ,282,454
9
360,047 334,924 4,030,943
659,707
5 9 .3 H 51,483
419,358 386,407 4,690,650
1,031,237
14*632 14*901 191,354
639 ,23 0
57,437 63,885
62,976 62,736 436,377
18,325
1,607
762 .63 4
113,394
1,499,266
130,137
126,058
5,382
11,096 12,0*36 589,896
3 19.634
21.863 22,316
245,538 2,092,756
100,062
3,5 3 6.62 2
5 60 .67 4
4 ,0 9 7,29 6
9 85.799
190 ,35 2
6 59 ,49 1
4 05,371
6 88,188
1,367,757
5*88,623
358 ,06 9
1 ,869,635
64,655
5.914
53,059
31,763
54.558
666,61*4
388,225
658.845
W
THE
llo4
W eek o r M o
[Vol. LXIII.
J a n . 1 to L a t e s t D a te .
L a te s t G r o ss E a m iy ig s .
G ro ss
E a r n in g s .
CHRONICLE,
1898. I 1895.
1896.
*
$
Central of Georgia Railway.
( Report for eight months ending Jane 30, 1S96.J
$
On subsequent DageB will be fouud this cem ploy’s applica
197,198
tion to the New York Stock Exchange for listing its oonds,
137,5 0 i
66,790 which contains a statement of earnings for the year end
200,487 ing June 30, 1896, and the general balance sheet. The fol
lowing figures from the first annual report, just received,
show results from the time the present company took charge,
Nov. 1, 1895, to June 30, 1895, eight months:
1895.
20,777 22,008 196,335
Duluth St. R y............. October. ..
4,331
4,857
Enterp. RR. (ChaB’u. Ju ly..........
Erie Elec. Motor C o.. November. 10,4*1 11,242 139,186
95,514
Fort Wayne » onsol. .! uly ......... 19,282 13,012
Galveston City R y .. November. 18,832 15,848 196,256
Herkimer Mohawk fi
3,290
3,302
35,571
ioiiiV F’k fortE l.R y October. ..
9,800
Hing’ m (Mass.) 6. Ky. J u ly ..........
” 7,233
60i
Hoosick R y .................O o to b e r...
Houston Ctty 8t. R y .. October. .. 18,714 17,346
earnings, expenses , etc., for 8 months to jcne 30, 1896.
Interstate Consol ot
9,736
8,904 114,020
North A ttle b o ro ... November.
1896.
1895.
1896.
4.592
4,136
Kingston City R y.......October.
8 m o s. to J u n e 30.
$
$
8 m o n th s .
$
9,3*9
111*226
Lehigh Traction........ November.
Gross....................... 3.380,288 3.102,003 Mlseel. in com e....... 279,026
6,558
86,511
L on d on 8t Ry (Can.). November.
Op. exp. & t a x e s ..2,383,130 2,551,372 Total n et.................. 1,276,884
Louisville Rail w a y ... August— 103,061 105,647
C h a rg es.
Lowell Law. A. H a v.. November. 28,482 29,207 379,834 392,640
Interest on bon d s.. 969,838
Lynn A Boston......... ‘2d wit Dec. 23,3 Ll 20.265 1,380,170 1.339.4L3
R e n ta ls................... 245,197
N et........................ 996,858
550,632
Metrop. (Kansas City) 2d wkDee. 30,993 30,8 5 1 1,662.916 1,624.366
4,154
4.802
52,595
46,2*1 P. c. exp. to gross.. 70 51
Montgomery 8t. Ry November.
82 25
Sur. over oharges..
60,854
Montreal Street. R y... November. 100,787 93,454 1,172,831 1,049,611
TRAFFIC STATISTICS, EIGHT MONTHS.
Nassau Eleo. (B’klyn) November. 119,943 26,602
Newburgh E lectric... November,
5,121
5,793
1896.
1895.
New Engiaud 6t.—
1,308,879
1,207,617
Winchester A v e — November. 14,677 15,291 229,023 216,540 No. tons carried..........................................
“
one mi e . ............................... ..2 02,3 68,0 05
188,561,126
Plym’ th A Kingston November.
2,190
31,427
2,029
28,377
per ton per m i le ................................. 1 1 2 1 oents
1 1 4 1 cents
T ota l...................... November. 16,867 17,320 260,450 244,917 Rate
$1-8527
$1-7921
47,364
New HavenACentrev. Ootober. ..
4,562
40,252 Earnings freight train, m ile ......................
4.769
Average
tons
per
train................................
153-38
147-28
3.042
48,351
New London 8t. R y .. November.
2,718
50,347
999,190
785,698
104,lb5 119,877 1,108,668 1,106,236 Passengers oarrled...............
New Orleans Traction October.
*'
“
one
m
ile......................
34,576,182
23.860.676
N. Y. A Queens O’y ... November. 2 8 ,‘ 00
Rate per passenger per m ile ..................... 2-408 cents
2-763 oents
1,342
Ogdensburg 8t. R y .. November.
1 6 ,1 5 0
$0-9879
$0-7837
Paterson R y .. ........ November. 23,619 24,854 293,722 273,123 Earnings passenger train m i l e .................
A verage passengers per train...................
70-80
53-32
14,442
Pittsb. Ft.eub. El.Ry. November.
1,321
6,352
Po’keepsie A Wapp. F. October.
7,289
74,057
Classification o f Freight.—The principal items making up
8,420
Rapid Ry. (Detroit).. Septemb’r.
the 1,308,879 tons of freight moved in the eight months to
3,892 '4,023
27,590
23,979
Roanoke Street..........A ugust____
652,373 647,065 June 30, 1896, were : Cotton, 77.315 tons (5-92 per oeut); bitu
Rochester R y ............ Septemb’ r.
8ohuylkill T raction.. November. “ 8,251 *8,223
90.119
84,205 minous coal, 221,733 tons (16-94 per cen t); lumber, 343,143
Schuylkill Yal. Trac. November.
4,532
4,0*8
58,648
44,546 tons (26 22 per cen t); fertilizer, 179,573 tons (13-72 per cent),
Scranton A Plttston.. November.
5,477
Soranton T raction— November. 30,201 26,685 320,75* 270.117 making a total of 821,769 tons, leaving a balance of 437,110
464,249 319,255 tons of miscellaneous.—V. 63. p. 879,
Second Ave. (Pittsb.) November. 36,804 36,147
Sioux City Traction November.
6,829
71,733
71,739
6,18.*
SyraouBeE’st-SideRy November.
2,741
34,619
2,803
Buffalo & Susquehanna Railroad.
Syracuse Rap. Tr. Ry. November. 31,032 33,922
Terre Haute El’ c. R y October. .. 12,450 11,997 137,764
120,771
( Report fo r the year ended June 30, 1896.)
Third Ave. (N. Y.) .. Septemb’r.
2,000,858 ,998,723
Chairman F. H. Goodyear in the report says iu p a rt:
75,557 '78*447 904,354 902,498
Toronto R y ................ November.
Twin City Rap. Tran October. .. 159,34C 167,402 1,707,07511 ,632,686
Extensions.—During the fiscal year your compaay com
Union (N. B edford),.. November. 15,512 15,107
169,952 pleted the construction of aa extension from Galetoa, in Pot
192,271
United Tract. (Prov.i November. 131,643 133,628 1,530,923 ,495,031
Unit. Trac. (Reading) November. 12,142 13,146 176,386
172,002 ter County, Pa , to Perryville, Pa., 25-34 miles, absorbed the
3,592
3,835
Wakefield A .*toue— November.
53,175
51,758 State Line RR., 1*61 miles, and leased for 85 years from Jaa.
Waterbury Traction.. November. 22,213 21,886 223,593 222,508 1, 1896, the Wellsville Ooudersport & Pine Creek road at an
Wheeling R ailw ay... O cto b er... 13,778 12,993 140,233 124,449
Wiikesb. A Wy. Valley November. 41,247 39,401 461,850 407,105 annual rental of 88,250, your road assuming, in addition, all
taxes and the maintenance of the property. These additions
Wilmington St. R y ... Septemb’r.
3,092
3,45 S
Worcester Consol.— O cto b e r... 40,109 39,046
form a lin e 87 miles in length, extending from Galer.on, Pa.,
W orcester Sub.St. Rv. Septemb’r. 14.291
Street Kail way Net Earnings.—The following table gives
the returns of S t r e e t railway gross and net earnings received
this week. In reporting these net earnings for the street rail
ways, we adopt the same plan as that for the steam roads—
that
we print each week all the returns received that
week, but once a month (on the third or the fourth Satur
day) we bring together all the roads furnishing returns, and
the latest statement of this kind will be found in the
C h r o n i c l e of December 19, 1896. The next will appear in
the issue of January 23, 1897.
Gross Eai'nmgs.-----,
1896.
1895.
R oad s.
$
$
Detroit R ailw ay........Nov.
31,763
............
Jan. 1 to Nov. 3 0 .....
388,225
............
Metrop’n St,Ry.,K.C.Nov.
134,714
140,890
Jan. 1 to Nov. 30....... 1,631,923 1,593,598
Juno 1 to Nov. 30.......
939,913
950,670
New London St. Ry..Nov.
3,042
2,718
Jan. 1 to Nov. 30.......
50,347
48,351
Toronto R y ...............Nov.
75,557
78,447
Jan. 1 to Nov. 30.......
904,354
902,498
Wiikesb. A Wy.Vy.Tr.Nov. 41,247
39,401
Jan. 1 to Nov. 30.......
461,850
407,105
-N e t E a r n in g s -
1896.
11,443
124,768
54,464
687,905
412,736
836
19,704
39,245
441,075
23,845
243,818
1895.
$
55,499
645,169
415,781
459
18,242
40,556
451.9L2
20,128
215,399
ANNUAL REPORTS.
J A d in n a l R e p o r t s .— T h e fo llo w in g is a n i n d e x t o a ll a n n u a
re p o rts o f ste a m r a ilr o a d s, stre e t ra il w a y s a n d m is ce lla n e o u s
c o m p a n ie s w h ic h h a v e b e e n p u b lish e d s in ce th e la st e d itio n s
o f th e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
T h is in d e x d o e s not i n c lu d e r e p o r ts in t o -d a y ’s C h r o n i c l e .
R a il r o a d s
an d
Volume 63—
0
w
M is c b l . C o ’ s.
Page.
Akron A Chicago Junction............. 1007
American Cotton OH............. 1007, 3010
American Type Founders......
. 702
Atch. Topeka A Santa Fe (6 m os.). 701
Baltimore A Ohio .. ......... 001, 021, 026
Do L illie’s report.1000,1010,1002
B. & O. Southwestern.............1000,1020
Central Ohio
................................ 1007
Chicago Burl. & Quincy................... 877
Chic. June. Uys. jc Un. Stk. Y d s.... 878
Chic. Peoria & St. Louis (0 m os.).. 791
Cincinnati PortMDoutb & Virginia. 701
Cleveland Akron & Columbus........ 1112
Cleveland Terminal & Valley . . . . 791
Cleveland & Cincinnati Midland ..1007
Columbus Sandusky A H .................. 836
Evansville A Indianapolis.............. 878
Interoceanlc o f M exico...................1113
Iron !*team boat. Co........................... 960
Kanawha A Michigan .................... 792
Lehigh A Hudson R iver..................l i l l
Long Island R R ............................... 830
Manhattan (Elevated) R y .............. 876
Mexican Northern............................ 792
Mexican Southern........................... 1112
Missouri P acific............................... 877
Mobile A Birmingham .....................1112
R a il r o a d
and
V o lu m e s 63—
M is c b l . C o ’ s ( C o n . )
P age.
Newark Somerset A Straitsville... 1008
Northern Pacific......................835, HHo
Northern RR. o f New Jersey........ 837
Penn. Heat Light A Pow er............. 793
Pittsburg A Western ..................... 111L
Sandusky Mansfield A Newark....... 1008
South Carolina A Georgia............. 965
Southern Pacific.............................. 835
Sullivan County................................ 877
Vermont Valley..................................877
Welsbach Commercial Co............. 1061
Wheeling A Lake Erie ................... 792
Wisconsin Central.......................... 921
St r e e t R a i l w a y s .
Brockton Consolidated....................1008
Globe St. Rv. (Fall River)...... ......1061
Lowell Lawrence A H averhill....... 1061
Lowell A Suburban....................
3061
Lynn A Boston............ ........ .1007,1113
North Shore Traction...................... 1113
Rochester Ry ...................
966
Springfield (Mass.) St. R y...............1061
Union St. Ry. (Now B edford).........lOrtl
Union Traction Co.. Phil................ 1060
W est End St. Ry. (B oston)............. 966
to Wellsville, N. Y ., completing the extension referred to in
the last annual report.
Funded Debt.—Oar authorized bonded debt is $2,000,000,
limited to 815,000 per mile of road completed and equipped.
In addition the bonds are secured by deposit with tk3 Mer
cantile Trust Co. of New York of the entire capital stock and
bonds of the Wellsville Coudersport & Pine Creek Rv. Co. The
bonds are also secured by a lieu upon some 86,000 acres of
hemlock timber lands and the timber standing thereon. There
have been issued up to June 30, 1896, bonds to the amount of
81,470,000, including $375,000 issued for account of the Wells
ville Extension. Of the total issue, $46,000 iu 1891. $57,000 in
1895 and 878,000 in October, 1896 (since the end of the fiscal
year), have been retired by the sinking fund, reducing the
bonded debt to $1,239,000, an average of $12,637 per mile of
road owned.
Traffic Arrangements. — Satisfactory arrangements have
been completed with the Coudersport & Port Allegany RR.,
whereby there has been secured quite a large business des
tined to points east and west via the Erie Railroad. A traffic
agreement has been perfected between the Western New York
& Pennsylvania Ry. and the Delaware Lackawanna & West
ern RR., by which business originating on the first-named
road is transported over your line to points on the D. L. & W .
Revenue.—While nearly every railroad in the country has
oomplained of the loss of traffic during the past year, it is
gratifying to report that the revenue of your company has
largely increased, notwithstanding the depression in the lum
ber business and especially in the leather industry.
Physical Condition.— During the past year the standard
adopted by your company has been fully maintained. The
following facts relate to the condition of the property :
17,237 white oak. 1,057 cedar and 5,405 chestnut ties h iv e been putin i ho track for reuewala, making a total of 23,699. Trestles at J or
dan, Long. H orton and Austins Brooks have been Ailed. The equip
ment consists o f 3 b o x oars. .’.56 flat cars, 500 thirty-ton gondola -afs
and 16 looom oth es, all o f which are generally in good repair. AU the
cars are equipped with autom atic oouplers exoopc about too ot the
flat oars, to w hich oouplers are betug appUed gradually. It is intended
to equip 300 flat and gondola cars with alt- brakes in the near future,
in com pliance with the statute o f the United States.
Traffic.—Tables in the report show the follow ing: Total
tons hauled, 896,028 against 700,234 in 1894-95; lumber and
logs contributing 639,762 tons against 546,913; bark, S7,594
against 61,162 ; Coal. 67,496 against 53,569,
Supplementary Statement.— For the four months ending
Oct. 31, 1896, the following comparative statement is fur
nished :
4 m o n th s
C ro ss
to Oct. 31.
ea rn in g s .
1896................. $213,549
1895................ 177,126
N et
e a r n in g s .
I n t e r e s t <1
re n ta l.
S in k in g
fu n d .
B a la n c e ,
su r p lu s .
$120,153
88,562
$24,767
19,222
$26,044
25,800
$69,342
43.53R
Earnings, Etc.—The earnings, expenses
been as follows :J
nd charges have
a m tm
THE
D ecember 26, 1896.]
1895-96.
Passengers carried..... ................................................. 93,359
Freight (tons) c a r r i e d ....... ........................................ S96.028
E a r n in g * -
$
1894-95.
67.325
700,234
$
F r e ig h t ....... ......................
421,925
Passengers..................
43,299
Mail, express, & c................................................... . . . 22,620
297.433
33.876
22,523
T o U l..........................................................................437,844
Expense* —
M aintenance o f way. & o ..... .................................
71,392
M aintenance f equivalent........................................ 47,564
Conducting tra n sp ortation ................. ................. 114.20L
G e n e r a l..........................................
36.940
353,332
T ota l.......................................................................... 270,097
N et earnings.................................................................. 217.747
P. c. o f operating expenses to e a r n in g s..................(55*35)
Deduet—
Interest on bon ds......................... - .............................. 64,215
Sinking f u n d .......... ................................................... 78,921
Rentals leased lines........................................
4,125
213,477
140,355
(60-33)
T otal..........................................................................147,261
..........
70,486
S u r p lu s .............. . . . . . . .
105,649
34,706
68.617
31,517
31.439
31,374
Florenoe is laid entirely with 70-pound steel rails. About $120 010
was oharged iu operating expenses this year, largely for new equip
ment and new sirle-traoks. which really represents additions and bet
terments to your property. During the past ten years there have been
charged to operating expenses, iu the same way, for betterments and
additions, over $1,000,000.
On the property were used: 34 926 oubio yards ballast, 187,613 oross
ties, 2,3*9,992 square feet o f lumber. All of the passenger equipment
tus autom atic couplers and air-brakes, while 53-2 per cent of the
freight equipment, excluding logging cars, has air-brakes and 83*4 per
cent has automatic couplers. The equipment, roadway, track, bridges,
and other structures have been maintained in good condition.
Statistics.—The earnings and expenses, and charges against
income, for four years were as below :
E A R N IN G S A N D E X P E N S E S .
1895-96.
Earnings—
*
Passengers.......................... 434,693
Freight................................. 1,202,427
Mail, express, e t o ...........
166,076
48,630
57,019
• In January. 1395. the com pany paid 4 per cent dividend from the
surplus o f 18 *3-4 and 1894-5. and in January, 1396. paid 5 per cent
dividend; the surplus carried forw ard to 1896-7 is $27,036.
B A L A N C E S H E E T JUNE 30, 1896.
Liabilities.
Assets.
Cost o f road an t equ ip.$2,995.874 Capital stock ..................$1,519,000
Fuel Sc supplies on band
23.463 First mort. bonds.......... 1,367,000
183,479
Duo from agei, t « i..........
6,221 .Sinking fund reserved..
6,351
Due from other roads .
19,413 Aooounts payable. . . . .
27,036
Sinking fu n d ...................
79,233 Balance, surplus............
67,678
Cash on hand.................
3,716 Miscellaneous.................
M iscellaneous................
42,118
Late Shore Sc Michigan Southern Ry.
( Preliminary statement o f earnings fo r the year ending
December 31, 1398. .V
This company reports as follows for the yearsending Dec.
31, December, 1898, being partly estimated:
1895.
1896.
$
G rots earnifK*......... 20,205,932 21,016,034
O perating expenses .13,823,594 14.568,219
1894.
$
19.557,870
13,186.069
1893.
$
23,635.932
17,123,913
Net earnin gs...*
Fixed charge*...........
6.382.338
3,360.000
6,447.815
3,419,500
6,371.801
3,402,862
6 .5 62/U 9
3,365,376
Balance....... . . . .
Equal on stock t o ...
Dividends 6 per c t . .
3,0*22,338
(6 1 1 p. c.)
2,967,99V
3,029,315
(6-12 p. o.)
2.967.990
2.968,939
(6 p. o.)
2.967,990
3,196,643
(6*46 p. C.)
2,967,990
Surplus.................
54.318
60,325
949
223,653
Expense include all expenditures.
Nothing has been
charged to construction or equipment since 1883. The funded
debt was decreased $250,000 during the year by the sinking
fund. The 8« mi-annual dividend of 3 per cent was declared
payable Feb. 1.—V. 63, p. 1009.
Michigan Central UK.—Canada Southern RR.
( Preliminary statement for year ending Dec. S I, 1806,
XICHISUI CENTRAL.
The Michigan Central reports the earnings of these com
panies as follow? for the year ending Dec. 31, December, 1896,
being partly estimated;
1R98.
1895.
1894.
1893.
a m is earn Inn* . .*13.818.000 $13,651,119 $12,584,012 *16,178,030
o J S m S E e x p e n /e .: lo ia a s lo o o 10,183,231
9.144.107 12.287,792
Interest and rental*..
B aU nee............
$3,439,905
2,401,185
$3,890,238
2,401.804
$1,067,000 $1,065,987
304.715
296,000
$1,038,720
237,808
$1,488,434
456,647
1893-94.
$
409.916
1,067,204
160,572
1892-93.
$
430,156
957,597
175.543
Total op. exp. <fe taxes .1,110,522
Net earnings...................... . 692,674
42,785
1,013,813
611,263
32,287
990,899
648,853
T ota l........ .................
735,460
DU b ursements—
Interest on bonds.eto . . .
272.700
Int on certs, o f indebted.
175.000
180,000
D ividends...........................
Wil. Col. & Aug.lease (loss) ............
M iscellaneous.................. ...................
643,550
646,853
600,222
276,637
175,0 ">0
90,000
270.820
175.000
90 .00)
924
260,820
175,000
210,000
29,575
T o ta l........................... . 627,700
S u rp lu s.............................. . 1i 107,760
543,07 4
100,476
1,437
993,936
575,360
24,862
536,74 4
675,395
110,109 del.75,173
flNoT';.— From this surplus $77,738 was spent for re-laying 49 6 miles
of track with ?O lb. rails in place of 56-lb.
BALANCE S H E E T J U N E 30, 1896.
L ia b ilitiesAssets—
C'usir’ ct’ n. equip., &o.$10,793,892 Capital s t o o k ..... ........ $3,000,000
Cash for cou oon s........
107,755 Certifio’s of indebted . 2.500,000
Cash on hand...............
253,839 Funded d eb t..... ......... 4,436,000
300,000
Bills reo iv a b le ..........
15,599 New equipm’ t n o te s...
380,000
Due by agent*..............
33,966 Special trust certs. ..
111.925
Due by rallr’ ds <feoths.
271,691 int. due and accrued .
Open accounts, e t o ....
281,354
Profit and loss.............
467,453
Total........................$11,476,732
—V. 62, p. 83.
Total....................... $11,476,732
W ilmington Columbia & Angasta Railroad.
(Report fo r the year ending June 30, 1896. J
The report says in p a rt:
On Jao. 1, 1896. your company began to operate as a branch line
the railroad between Conway, iu South Carolina, a A Hub, in North
Carolina, form erly known as the Wilmington m Conway RR., having
acquired the same by purchase, assuming the paym ent o f its 4 per
cent mortgage bonds for $200,000.
In I m96 tons carried one mile wore 26,294,711, against 19,237,652;
passengers oue mile 5,887.854, against 4,573,348; revenue train
mileage 514,068, against, 463,890. Maintenance of way and structures
in 189 1 $90,308, against $80,962; raainten tuce of equipment
$85,095, against $55,104. 325 tons o f 70-lb. steel rails, equal to 2*9o
mile* of track, were laid iu the main track between Pee Dee ami Flor
ence. All o f the main line between these points is now laid with 70-lh.
steel rails.
There was expended in equipping freight cars with automatic
couplers and air-crakes, $2,676. All o f the passenger equipment has
automatic couplers and air-brakes. Of the freight equipment oo per
cent has air-brakes and 74 per cent has automatic couplers. Materials
used : 5,347 cubic yards of ballast, 101,865 oross ties. 1,15a, 232
square feet of lumber. Looomotives, number, 27 ; p issenger oars, 28;
freight cars, 525.
Earnings and expenses have been as followa:
.
$771,000
40,000
$761,272
49,077
$750,912 $1,031,737
45,790
44,649
1895-96.
Xtars end. June 30—
Gross earnings .......................... $637,241
Operating expenses and taxes. 474,007
1894 95
$550,940
406,182
1893-94.
$607,526
475,137
.
$811,000
749,520
$810,349
749,520
$795,561
749,528
$1,077,577
1,030,601
Net earnings ....................... $163,234
32,569
$144,758
28,422
$132,389
21,652
$61,430
$60,329
$46,033
$46,976
Net incom e........................... $195,803
$173,108
$154,041
$114,461
57,600
$102,762
57,609
$97,364
57,600
$172,061
$23,742
$160,362
$12,818
$154,964
def.$923
Other incom e.
Net incorci
Dividend*.......
$3,463,000 $3,463,188
2.402,201
2,396,000
1894-95.
$
405,127
1,070,321
149,623
T ota l........ ................... 1,803,196 1,625,076 1,637,752 1,569,296
Operating e x p e n s e s —
249.300
242,097
243,538
Maintenance of w av.......... 255,429
177,810
243,679
210,719
160,658
“
“ equipra’t
399,982
374,012
rvmduoting transportat’n 516,997
464,429
51,112
54,309
121,435
118.449
General expenses.............
42,372
97,279
43,315
42,259
Taxes. ...................... ......
T otal......................... $3,170,044
Total..........................$3,170,044
—V. 62, p. 777.
1165
CHRONICLE.
Charges—
The semi annual dividend of 2 per cent was declared pay TntejDv*
large*.......... ..........
able Feb, 1.
CAN AD A SOU TH ERN
TNCOM E A C C O U N T .
1893.
1894.
1895.
1896.
Tear* end. Dee. 31—
Proportion o f earn
*456,648
$287,808
$304,715
$296,000
ings due C 8 .........
7,320
7,413
18.660
2,000
Other Incom e..........
$463,968
$298,000
$323,375
$295,221
Total o*
(3)450,000
Dividend* d< c iir e d . 12>4)337.500 <2^)375,000 (2^,375^000
def.$39,500 def.*51,625 def.$79,779 sur.$13.96S
Tot. HOT. Deo. 31.
$10,697
$59,197
*110,822
$190,601
A d iv id e n d o f 1 P -r c e n t (a r e d u c t io n o f H p e r c e n t ) w as
declaredpayable Feb. 1, 1897.-V. 62, p. 1139: V. 03, p. 188.
Wilmington & Weldon Railroad.
f Report fo r the year ending June 30,1896. J
T h e report sa y s in part :
,
. I K . T.al.i nrnmotlv all the Axed charges as vrell as tne
\r: ln £ w h , to& h S ld e <5 and there has been in addition to
.
im provement o f your property
thi* finite *
* 1,*J *nf the earnings. The contract with the Southand It. r.)
„( “ " S
between Selma and Tarboro
I b,|'
0* 0*1 dividends t<» in **5®
t .,n .January^. . ^ J ^ r l ' i e d T / ^ S ? o ^ tp a T v 'fro m
a s ^ r a ^ ^ v r g
s u monThsf Jannarv W June Inefnsive.
am ounted to *18.19*.
70-pound steel rails were laid In the
m L T utfe.'b The Atfanllo1'{JoV et u £ . track now from Hlohmond to
Surplus over charges...............
in operating expenses above $90,308 in 1895-96, $80,962 in
1894 95, and $89,542 in 1893-94.
In 1893-94 there was spent for purchase o f iron rail, etc.,
$112,702, in 1894-95 $23,773, and in 1895-96 $6,861. These
amounts are not included in charges given above.
GENERAL BALANCE SHEET JUNE 30, 1896.
Assets.
Construe, and p rop— $2,775,589
Investm ents.................
Open aooou n ts.............
136,018
Cash................................
27,o9o
T o ta l........................$3,185,636
Liabilities.
Capital stock................. ^ann’ nnn
B on d s............................
Bills payable ...............
137,811
Miscellaneous...............
163,112
Prollt and loss surplus.
124,713
T o ta l......................... $3,185,636
KnnBas City Fort Scott & Memphis UR.
( Report for the fiscal year ending June SO, 1896.)
The report contains the following information:
Whilst the earnings per ton were slightly higher than last
year a decrease is shown in the earnings per ton per mi's,
occasioned by serious disturbances in rates at tunes dm nig
1HK (!HKO!Nh l,K
the year, and by an average longer haul of the freight traffic.
Ib e average longer haul [155-40 miles against U'7‘72 miles]
was occasioned by the falling off in coal traffic, which is
hauled comparatively short distances, and by the export
grain traffic, which is hauled the entire length of the road—
practically none of the latter having been handled the previ
ous year. The falling off in coal traffic was occasioned by
decreased demand, resulting from the open winter of 1895-96
and the general depression in business.
The track of the main line hss been improved by adding
82-34 miles of 75-pound steel, making o f the 708 miles of main
line and branches: 78 miles, 75-lb, steel, 178 miles, 67-lb. steel;
101 miles, 60-lb. steel, and 318 miles, 56 lb. steel.
The present and earlier reports show the following facte:
1895-96.
1894,-95,
1893-94.
1892-93.
Tons carried ..........
2,155,254
2,204,940
2,525,089 2,939,426
Tons one mile..........335.049,903 325,721,729 438,285,744 529,056,614
Earn, rer ton per in. 0*793 ots. 0*r31ots. 0*706 ots. 0*716 ots.
Pass, oarrrten. No ..
875.599
79.4.612
761,751
921.716
Pass, one w ile. N o..
39.379.703 37.178,293 36,365,177 41,832,476
Rate per pass.per in. 2*15 ots.
2*17 ots.
2*24 cts.
2*16 ots.
Shlp’ ts o f o al, oars.
32,870
36,961
3 6 ,3 '•S
33,984
Forest prod’ts.cai a
23,980
21.930
27,230
35,629
Live stook, cars...
10,412
9,388
11,918
14,185
Grain, corn, bay.etc.,
oars.........................
21,279
24,297
36,444
38,926
f/ o u t . z i n .
Kansas City Memphis & Birmi gtiatu Kit,
( Earnings fo r the year ending June 30, 1S96.J
The report for the late fiscal year gives earnings anil
expenses as follows:
EARNINGS 4N I) EXPENSES.
1895-96.
E arnings —
$
Freight...............................................
837,499
Passenger........ ............... ....... .
. . 294,079
Mail, express, A o ............................. .
58,082
T ota l............................................ .1,189.050
Operating expenses ....................... . 965,890
Net earnings............................. .
P er cent of expense* to earnings.
M iscellaneous interest .. . .......
Received from K. 0, F. 8. A M ___ .
Net
earnings.
$1,413,733
1,409,990
Inter., sink.
fund, etc.
$1,390,934
1,343,174
B a h n ce,
surpl us.
$22,799
66,822
1 8 9 4 .................. 4 ,8 9 1 ,* 0 1
1 ,4 3 8 ,0 3 4
1 . 3 6 9 ,8 0 2
6 3 ,2 3 4
1S99-94.
$
763,804
-219,539
64.504
1,035,605
872,578
1,077,847
895,807
223.760
(81*2)
10,036
15,714
163,027
(84*2)
6.942
17,718
T o ta l............................................ . 249,510
Deduct —
Interest on b on d s........................... . 176,965
187,687
212,833
145,314
133,212
42.373
79,621
Surplus......................................... .
GENERAL BALANCE
Assets —
Earnings, tfee., o f total System.—The following is tbe
combined statement for the year ending June 30, 1896, of Cost o f road ................ .$15,051,580
Cost of equipm ent___
the company and its associated lines, the Kansas C ty Clinton Bonds o w n e d .............. 1,337,369
50,000
& Springfield Ry. Co. and the Current River RR. Co., a Matei i i i l s .....................
46.848
C
a
s
h
.................
50,525
total of 915 miles operated.
Tear» ending
dross
I tins 30— earnings.
1 8 9 6 .............S4,.538,680
1895. ..........
4,512,163
1894-95.
$
739,282
216.627
59,696
K> -CD
*a «> io
-o
COl*t O
1 ].'6
Bills receivable.
K. a F. 8. & M. RR.
traffic guaranty.......
Trust aooounts............
72,545
SHEET JO LT 1 , 1 8 9 6 .
Liabilities —
Common stock .........
$5,976,000
General mort. bonds . 3,153.520
Incom e b o n d s ............
6,307,040
1st M. Bir. Equip. C o ..
1,000,000
1st M. Mein. E qu ip ___
189,000
Trust a c c o u n ts ...........
50,760
Accrued bond in t .......
66,973
Coups , not presented .
7,796
M iscellaneous..............
9,394
72.545
Inoome accou n t..........
239,781
6.162
50,760
T otal...........................$L6,833,029
Statistics o f Operations, Etc., o f K .C F. S. & M.—Statis
-»-V. 03, p. 504.
tic s of o p e ra tio n s, e t c ., c o m p ile d f o r ib e C h r o n i c l e s h o w :
T otal................. ....... $16,833,028
OPERATIONS AND FISCAL RESULTS.
1895-96.
1394-95.
1893-94.
1892-93.
Miles of road Ju n e30
708
671
670
670
Operations— _
Pass, carried, N o ....
875,598
793,612
761,751
921,710
Pa** carried 1 m ile.
39,379,703 37,178.298 36,365,177 4 1 ,8 3 '.4 7 6
R aiep erp ass.p erm .
2*15 c e .
2*17 ots.
2*24 ots.
2*16 ots.
Freight (tons) caiT d
2,155 25*4 2,204,940
2,525,089
2,939,426
F r V t a ’ ns) car. 1 m .335,049,903 325,721,729 438,285.744 529,056,614
Rate per ton per m..
0*793 ots. 0*833 ots.
0 706 ots. 0*716 ots.
Earning8 $
$
$
$
Passenger.................
847,374
805,732
816.143
903,778
F r e ig h t .............. 2,650,842
2,714,0^6
3,092,826
3,787,013
Mall, express, e t c ...
487,478
465,817
497,77L
420,360
Buffalo Street Railway System.
( Report fo r the year ending October 31, 1896. J
The following report covers the operations of the Buffalo
Street Railway system (including the Buffalo aud Croastownrailways) for the year ending Oct. 31-, 1896 :
T o ta l..................
Expenses—
Cond. trarmport’n. .
Car repairs...............
Motiva pow er..........
Main, of road, et* .
General......................
New equipm ent.......
T ax es.........................
Total (loo $200,251).$1,867,199
O peratiog expen ses__ 1,004,410
3,991,694
3,985,635
4,406,740
5,111,151
671.075
380,949
673,958
487,569
373.148
17,000
177,700
673,531
306,392
659,585
547,255
390,505
32,500
184,379
755,507
359,623
803,351
611,263
397,136
28,635
182,038
907,592
460,124
987.504
799,800
442,354
37,500
1 -8.00 0
T o ta l................... 2.7 81,999
Net earnings _____ 1,209,695
P .et.of exp. to earns.
(69*69)
Deduct—
Int. on bonds, e to ...
1,105,924
D ividen d s.................
............
M iscellaneous..........
25,500
Kansas City M. & B
15,715
2,794.147
1,191,488
(70*11)
3,137,553
1,269,187
(71*20)
1 ,3 0 8 ,2 1 6
1,069,559
............
12,000
17,719
1,059,259
............
42,134
24,449
1 ,0 5 3 ,1 9 8
* 1 3 7 ,4 9 >
2 9 ,7 9 8
2 1 ,6 1 0
T o ta l................... 1 ,1 4 7 ,1 3 9
B alan ce..................... sur.62,556
* 5 per cant on pref.
Assets—
1 ,0 9 9 ,2 7 8
1 ,1 2 5 .8 1 2
sur.92,211 sur.143,315
3,802,935
(74*40)
1,242,096
sur.66,120
BALANCE SHEET JUNE 3 0 .
1896.
1895.
$
Materials .........................................
Trustees’ accou n t..............................
Cash......................................................
Bills receivable.................................
Temporary investm ents.................
Balance ope a accou n ts........ ..........
355,559
4 3 0 ,6 9 3
1 2 7 ,6 4 2
5 9 3 ,0 0 0
1894.
$
$
R o a d a n d e q u i p m e n t ...............................3 0 ,4 1 5 ,5 8 1 3 0 , 4 8 1 ,3 8 1
S t o o k s o w n e d ...................
2 0 9 ,5 6 2
2 0 9 ,5 6 2
329,068
3 0 ,1 0 8 ,2 2 9
2 0 9 ,5 6 2
372.649
4 4 2 ,4 7 3
2 6 9 .6 0 3
5 8 0 .0 0 0
286,455
298,107
3 8 7 ,2 0 2
2 0 2 ,2 0 5
5 3 4 .0 0 0
2 0 7 ,5 7 2
4 4 0 ,8 0 5
T o t a l a s s e t s ...................................... 3 2 , 9 2 8 , 4 8 9 ^ 3 2 ,8 9 6 ,6 4 9
3 2 ,5 2 2 ,2 2 5
300,004
496,448
Liabilities—
Common stook........ ...............
9,997,000
9 .9 9 7 .0 0 0
9 .9 9 7 .0 0 0
Preferred s t o c k ................................ 2,75 ',000
2 .7 5 0 .0 0 0
2 .7 5 0 .0 0 0
Bonds see S u p p l e m e n t ) ............. 1 7 ,7 0 4 ,0 0 1 7 ,2 1 7 ,0 0 0 1 6 ,8 5 7 ,0 0 0
Trustees’ accoun ts.................... . . .
444,474
4 5 0 ,3 5 4
3 9 3 ,2 3 9
Interest due and accru ed................
223,145
221,002 '
2 3 1 ,0 8 5
Bills payable.....................................
362,278
9 5 4 ,9 0 5
1 , 0 2 2 ,6 0 7
X .O . 8pr. A M. suspense a cco u n t..
338,000
3 3 8 ,0 0 0
3 3 8 .0 0 0
Unpaid vouchers.......... ...................
354,730
275,364
3 2 9 ,4 7 9
K. C. M. A B. aocrued earnings___
6,163
6 ,8 8 0
9 ,8 8 2
Inoom e account.........................
748,699
6 8 6 ,1 4 4
5 9 3 ,9 3 2
Total liabilities...........................32,928,489
—Y. 03, p. 604.
32,896.049
32,522,2*25
Cleveland Canton & Southern RR.
( Statement fo r the year ending June SO, 1896J
Earnings, expenses, etc., have been as follows :
3 895-96.
Gross earnings....... .......................... $706,H15
Operating expenses and taxes....... 568,319
1894-95.
$673,822
574,671
Net earnings.................................$138,496
$99,151
Deduct
■Rentals............................................. .. $17,946
$10,835
. Interest on b o n d s .......................... 219,221
217,850
v. R eal estnte mortgages, e tc.............................9,647 9,9 17)
Construction, etc...............................
12,575
2,890 J
T otal...........
33alauoe, defl olt.
— V. 63, p. 75.
$259,389
$120,893
$241,502
$142,351
1893-94.
$619,306
615,168
$4,138
$7,609
216,824
176,701
$401,125
$386,987
Gro** earning*, p a ss.. .$1,839,501
From a d v e r tis in g .......
10,012
From m all.............
186
From lut. Croastown
bonds ..........................
17,500
Net earns.(lno.$59,141)
Paid interest.......... .......... $444,588
Paid t a x e s ..... ................... 59,445
Paid percentage*.............. 46,251
B a la n c e p r o f i t ....................... 3 1 2 .5 0 5
Dividends, 4 per c e n t .... 214,820-
$862,789 I
S u r p lu s ............................ $97,685*
The statement nf receipts and disbursements for the year
ending (Jet. 31, 1896, is as follows :
Receipts—
Cash on hand N ov.1,’ 95
Profits year 1 8 9 5 -9 6 ....
Bills p ayable...................
Crosatown 8t. Ry.bonds
Do. stook ..........................
B u D dry accoun t*.......... .
$22,793
312,506
379,600
120,000
120,000
50,748
$1,005,647
D isburiem cnts—
Tiaok construction..$200,085
Electrical line equipm ent 81,036
Land aud b u ild iD g s........ 53,358
New cars and m otors_ 199,120
Station equipm ent........... 42,199*
Supplies.....................
18,088
8undry accou n t*.............. 170,77&
D iv id en d s................. 214,820
$979,48 a
Cash on hand Nov. 1,’96. $26,163
The following traffic statistics are furnished :
150
Miles o f single track, whole system ............................................
Number o f round trips run during y e a r .................................... 1,238,892
Number o f car miles ruu................................................................ 9,423,907
Number o f fares receiv ed ...............................................................37,961,760
Number o f transferred passengers .......................................... ] 6,410,103
Total number o f passengers carried .......................................... 54,371,863*
Average reoeipts per passenger................................................... 3*393 ote
G EN ERAL BALANCE
SHEET NOV. 1, 1890.
Resources—
L iabilities—
C onstruction................ $11,317,964 Capital stook Buffalo
Eleotrloal line eq u ip ..
1,923,141
Ry. C o .........................$5,370,500*
Real eitate A build’gs 3,480,391 Crosstown 8t. R y. C o .. 2,486,000
Pow er a t a t i o n A shop
Total funded d eb t......... 7,664,257
e q u ip m en t................
666,083 Bils payable...................
907,501
Oars and m otors .......
1,343,202 Unpaid curreut bills &
Material and supplies
48,795
pay-rolls......................
55,245
Furniture A fixtu res..
10,617 A ocrued interest..........
76,817
Horses and harness. .
1,202 Sundry aooounts pay
Orositow n St. R y .b’ds
350,000
a b l e ..............................
78,534
M ortgage and bills re
8 u rp lu s ...............................
813,134.
c e iv a b le ..................
18,000
Agent* & cond uctors.
5,014
Aooounts receivable..
263,356
Cash on h a n d .......... .
26,163
Total assets..............$17,451,988
—Y. 63, p. 1114.
Total liabilities.........$17,451,988-
Anaconda Copper Mining Company.
( Report fo r year ending June 30, 1896.)
President J. B. Haggin in the report says:
The expenditure of $1,235,000 in the year on new ma
chinery, development work, improvements, repairs, etc., all
of which is charged to expenses of operation, readers it un
necessary, in the opinion of the trustees, to make any speoific
provision for depreciation of plant and machinery, especially
as it has been the endeavor to maintain the same in the high
est state of efficiency. The profits from the subsidiary de
partments, amounting to $829,486, have been deducted from
the costs of mining and reduction in Montana. When the
properties were taken over by the company it was provided
with very little working capital; since then the accumulated
D ecember 56 isv*6.
THE
profit* have put it in better finarcial position, hut there was
still due by the company on June 30. 189S, $2,273,795 for ad
vances. Should the future operations be sufficiently pros
perous. it is the opinion of the trustees that it will be a wise
policy to accumulate perhaps $2,0)0.000 more from anv sur
plus profits above the present rate of dividends ($3,00),000
per annum), so that the company can itself provide all the
funds needed for its business.
Th*» receipts and deductions for the year ending June 30,
1896, were as follows :
B A .L A V C E S H E E T O C T O B E R
Total.................................................. ........................... .......... $11,929,904
Royalties, rents ami other r e c e ip t s .........................................
127,774
Copper, ailvrr and void. June 30, 1896 (estimated), in proee«s o f treatment and In com pleted 9tate...........................
4,388,020
Total receipts..........................................................................$16,945,698
Deduct—
Valuation o f oip reon s na iteriil on hand July 1, 1895.......
$748,294
M tntrv—all expenditures................................... $5,071,678
Reduction works - a ll expenditures at Ana
conda except $540,507 for new retinery------ 5,616,517
Total.................................................................. $10,683,194
X>ediH i profPs on orer. o f subsld'y dep’ tm’ ts .
829,486
----------------Freights, railw \y and ocean............................................... —
Keflnioc r h i n o s ou seaboard.............................................
Interest on adv i n o e s ............ .................................................
General expenses, Anaconda and New Y o r k .......................
9,358,703
686,922
1,248,214
135,975
109,070
Balance, profit f*>r the year.. ...............
.............. ............
First dtvi lend May 1. 1896.......................................................
$4,258,5 i5
750,000
..
$3,508,515
BALANCE SHEET JUNE 3 0 .
1895.
$19,178,411
233.802
5,929,915
630.889
730,938
104,444
118,829
335,192
127,495
1,612,388
210,760
siolooa
36,520
4.051
78,138
4 ,3 8 3 ,0 2 0
748,291
T otal.............................................................$37,118,180
Liabilities—
Capital stock, $25 sh ire*. . . . . .............. ..$30,000,001
Loan-, pay ro s, etc........................................
3,609,865
Profit nod l o s s . . . . . . ..........
3.508,515
$30,670,218
$30,000,000
670,218
T o u l ............................................................$37,118,180
$30,076,213
p r o e s s ................ ....................................................
Assets.
j Cash...............................
i Notes receivable.........
Open accounts. .........
Haw material, eto.......
Linotypes ....................
Receipts by tales 1 896.
Copper. S5.476.TV5 lb s............................................................... $8,573,177
Silver. 4.498,560 ozs. line....................................................... .
3,055,18 4
Gold. 14,384 ozs. flue...................................................................
296,542
Assets —
1396.
Minium rirtlms a«d properties .....................$19,196,978
Land* an t I u p ro/cm eots at Butte, e tc...
255,302
Redii Miou works at a n iu o u d a ........ .. . . . 6,470,422
M achine ships. stores aad m erchandise...
984,019
Coal ml jch, etc., at Belt ..........................
926,999
Hotel...................................................................
103,218
Water supply In Anae m ia ...........................
145,425
K ©e.-li .htiujc aud tramways ia Aaaoond*.
39 *,358
153,819
Fire brick and clay plants ....... ............... .
Real estate, s iw mills, e to , at flam Itou... 1,797.00*
K«u»l estate lu Anaconda . . . . . . . . . . . . . . . . . .
231.065
Bampliofz works at Butte . . . . ............ . . . .
25,992
Butte, Anaconda A P a o . Rv.. 5,100 shares.
510.000
Shares la other c om p an ies.. . . . . . . . . . . . . . . .
33.520
.NV,w York utlicd.......... ...................
3,809
Happlies on hand ............................................
175,126
Copper, silver and gold on hand and in
1157
CHRONICLE.
175
N o t e —On Jane 30, 1396, the subsidiary departments h nl $224,191
c -b on hand, which is not included la the above amount.
Tlw trustees are: J. B. Haggin, President; H. B. Parsons,
Vice-President: L. T. Haggin. R. P. Lounsbery, Morris Lieb,
l i s m i l on Snith,
L A. Heiusheimer; Secretary, H. EikMoUer; New York offices, 15 Broad Street.—V. 63, p. 937.
M erged haler Linotype Company.
( Report for tin year ending Oct. 1, 1896. J
President and Manager P. T. Dodge says in part:
The exi-tmg Mergenthaler Linotype Co. was incorporated
in December, 1895, uud-r the laws of New York. On July
U 1896. it came into possession of all the properly of the
Mergenthaler Linotyps Co. of New Jersey, aud assumed all
tin* contracts and liabilities of the latter. All stock in the old
company was exchanged for stock in the new company. The
New Jersey company was, by universal consent, dissolved,
toss much as the new compmy is praciically a continuation
o f the old company, and represents the same interests, this
report is made to oover all linotype operations for the twelve
months ending Oct. 1st, 1896.
Generally speaking, the year has been one of marked ac
tivity and prosperity. The earnings have been large and
lib-ral dividends have been paid. Oct. 1st. 1896, there were
in m -ten ce 3,395 machines, as follows: On rental, l.odS;
-old, 1.740. The company has manufactured aad placed during the year 772 machines. There were rented during the
ve«r 515 additional machines, and sold, 795 machines. Of
the machines sold, 214 were new and 531 those previously
held on rental. There was received from the sale of Lmoivttes *1 985.989, and to this is due largely the income, and
from the sale of suppli’8, $272,421. From the rental of ma
chines including duplex attachments, the receip.s were
4767 678 Trie notes receivable bearing interest now in hand
amount W *1,378,976, being a gain of 1557 801 durm^ the
v.,ar The cash balance has increased to *846,047, being a
gain of 1508 626. From the balance of *846,047 must be de
ducted the dividend of *400,000, recently paid, and other cur
D. O. Mills, w . C. Whitney Ogden
Mills. P. T. Dodge, Whitelaw Reid, Gao. L. Bradley, Samuel
M Brvan J a m e s 6 . Clephane, Thomas J. Regan. President
arid General Manager, Philip T. Didge; ^ici-resident,O gden
Mills: Secretary and Treasurer, Fredenok J. Warburton.
1, 1396.
Liabilities.
$343,047
1,378,977
247,3.53
27^,898
1,572,100
498,817
3,651
38,940
11,750
28,570
6,128,863
Capital st.ock ............ $10,000,000
Creditors’ open acc;s
9,697
Dividends....................
401,751
8urplus.................... .
621,108
Total....................... $11,032,466
T o ta l.................... $11,032,466
Plant........................
Office fixtures..............
Liuotype Co.. Canada.
Rogers departm ent...
S pet ial stock aooounts
Franchises, pats., eto.
GENERAL INVESTMENT
NEWS.
R e o r g a n iz a t io n s , E t c . -Latest D ita a s to Defaults, Reor
ganization Plans, Payment o f Overdue Coupons, Etc.—A ll
a c ts o f th is n a tu re a p p e a r in g since th e p u b lic a tio n o f th e la st
issues o f th e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s
m a y be r e a d ily fo u n d Dy m e a n s o f tn e f o llo w in g in d e x . T h is
in d e x d oes n o f in c lu d e m a tte r in t o -d a v ’ s C h r o n i c l e .
IUILROADS AND MISCEL. CO S.
R ailroajd a n d M is c e l . Go ’ s ( O o n . )
Volume 63—
Page
V olum e 6 3 —
P age.
Atch. Top. & Santa We. receivership
Northern Pacific............ new srcur. 969
rase........... .............. 879,922, 967,1062
do abstracts of new mtges. 1012,1017
Atlantic Short Line.......................... sale967Og. & L. Cham, reorg.794,881,1083,1118
Baltimore A Ohio.. ......... coup.796, 967
do
do
.. .time extended. 1010
do
do . .reevr.'setfs. 967, 1008 Ohio Southern — sale.881; de/auZfc.1010
do . .Little's report.1009,1010,1062 Oregon Im provem ent.. .time limit. 881
Bay State Gas— reevrs.753; reevrs
do Ro/sionnlan, 933,1118; reora. 969
disch irged, 837; com. 967; recur.1008 Oregon S. L. & U. N ........coup. 838, 881
Brooklyn & Brighton B each.. ..deflOH)
do
do
...................sa/e.1010
Butte & Boston Mining...........saZe.HU OwensD. Falls o f R.& Gr’ n Riv.sule.1064
Cape Fear & Yad. Val. Co..rt'Ci'r.y2 <J, 1009 Peninsular Elec. Light. ...... forecl. 969
Central Verm ont......................com.1062 Phil. & Chester Val...Ponds scaled.1064
Central W ashington........... penalty 1114 Pbila. & Read... .reoro.79», 838, 881, 923
Chatt Rome & Columbus;...... sale.lilt Quincy Omaha & K. C ............ sale.1110
Chester & Leaoir ...................sold. 838 Richm’d Mich. 1. & B. .. .sale 795, 1116
Chicag- &*>o. Pac..soM. 922; rcorg.lOOH Roanoke & South.(see N & W .)sold. 968
Chi. A Northw. Granaries Co.reory.l062 St. Joseph & Grand Island
s tie. 979
Chicago & West Michigan .. coup. 793
do
do
do
2d tnstal.1064
Cincin. Jack. & Mack........sale.838,108 • St. Louis Chicago & St. P aul..com. 795
Oincin. & Muskingum Val...... coup. 879 St. Louis Kan. & Southw..... reevr. 1011
Colorado M idland.................. reorg.1115 St Louis & San Francisco—K. C. &
Columbus & Hocking C. & L.rtoro. 793
South western., deposits. 795; sale. 839
do
do
Wi&last inatal. 968 St. Louis & San Francisco—K.
Columbus Southern................. sold.1062
C & Southwestern..............agmt. 601
Crystal Kiver..........
..........so'd. 879 : St. L. Vandaliu, & T. H ...........reevr. 924
lies Moines Water Power & El.safe. 880 ! St. Paul & Northern Pacific., reo rg. 754
Detroit L. k N — s Id. 880; re >rg. 1082 |Sandusky Mansf. & Newark...c up. 1011
Duluth Gas k W ater.............. reorfj.1115 j Sea.& Roan.tran.posfcpon.*d.796,83y, 924
Ft.W. & Den. City.reevr. discharged. 838 , Summit, Branch........... reorg. plan. 1065
do
reorg —coup, paym'ts.lt>09 : Terre Haute k Indianap.re5tir.921,1011
Forest City & Sioux City......... sold. 968 Terre Haute k Logansport__ ugm.:. 756
Grand Rapid* & Indiana........reorg. 751 1
do
deposits called for.839,1065
Gt. Salt L. k Hot Sp.sold 830; reoro.1064 Terre Haute & P e o r ia ......... reevr. 924
Green. Ander. & W .reevr.asked."91,1115 I Toledo St. Louis k K. C...... foredo. 756
Helena Consolidated W ater..reo g. 880 Union P a cific........coup. 881, 924,1011
Ind. & Lake M..deposits. 922; foreclAOOd
do
........com.1011; reorg. 1065
Jacksonville Tampa & Key W.sale. 794 j
do
......... collat. tr. reorg. 1116
Kentucky A Ind. Br..................sa/e.1009
S t r e e t R a il w a y s .
Kentucky Midland.................... sale 754
Little R o ck * Memphis........... sale. 880 Chattanooga Electric.........control. 1114
Loulsv. N. A. & Chicago.reorg.754, h?*0 Consol. St. Ry..Gd. Rap.,Mich.,de/.Lll5
do
do
modified plan.922,10LO Nashville S tre e t................ control.1115
Marietta & North Georgia__ reorg. 807 Pa. Trac. (Lancaster) — reevr.969,1011
Mexican National...................reorg. h« o People’s Trac. IN. Y.City)./ran.sofd. 969
Middle Tennessee A A la....... reevr. 968 Savannah E lectric....................safe.1011
New Orleans & Southern.........sold. 880 Seattle Consol. St.............sild.1011,1084
Norfolk & Western coup pur.794, 908 South Jersey Traction, Bridgeton,
Norfolk A W.. ..sale of Scioto VaL 880
N.J.
..................................... sale. H 16
Northeastern RR. o f Ga......... sule.1010 Streator (111.) R y .............................reevr.970
American S igar Refining. —Purchase o f Minority Inter
est in Baltimore Sugar Co.—The American Sugar Refining
Co. has acquired all, or nearly all, the minority, stock of the
Baltimore Sugar Company, the majority interest in which
was purchased several years ago. The transfer was nego
tiated through the Mercantile Trust & Deposit Co. of Balti
more. Tne preferred stockholders, it is stated, receive par
and interest in cash, and the common stockholders common
stock of the American Sugar Rsfining Co , share for share.
The common stock of the BiltimoreCo. is$1,300,010, of which
$340,000 was held in Biltimore. Tnepreferrei stock author
ized is said to be *600,000, but only part of this was ac ually
issued, and of this last about 26 per cent is believed to have
been held in Bal imore and to be 60 per ce it paid. This pur
chase removes the difficulty with the minority interest.
The Baltimore American says :
The plant at Curtis Bay has ju st been rebuilt after the disastrous
fl-e of several years ago, aud is ready for work. Wheu ia operation it
-raploys about 600 men, and it was th -ught by the Biltimoreaus that
♦V
o d u c to f the refiuery could eisily be disposed of. The om citls
of the Trust thought otherwise, and declined to resume operatioas
here.
At the anaual meeting Mr. Seartes said that 40 per
cent of the refl utn r eap tolly o f the oountry was Idle.
He said
the refineries of his onm piuv ia ooecition were
only about 70 per oeut of their capacity, producing about 30.0J0 bar
rels a dav. Unlike refl ter.es merged iuto the trust, the Ba timore
plant had always been an independent etooern. and its stockholders
depended upon the earniugs of the nlaut f >r their profits. It is p rob
able tunt the dissatisfaction on the p ire of the minority stockholders
prompted the trust to secure all the stock o f the Baltimore refinery.
Purch ise o f Coffee P h u t.— The company is understood to
have purchased for $1,265,000 1,100 shares of stock of the
WoolBon Spice Company, of Toledo, O., being eleven-eight
eenths of its total stock. The purchase is looked upon as a moveto meet the Arbuokles in their venture at building a sugar
reficery, work on which is now going on in Brooklyn.
The Arbuckies are said to control one-fifth of the roasted
coffee trade in the United States, the product of their mills
aggregating 1,000,000 bags a year. The Woolson mills are
rt ported to have a capacity of 150,000 bags a year, but it is
said that their plant will soon be added to, so that they caa
put on the market about 500,000 bags of roasted coffee annu
ally.—V. 63, p. 604.
Atlantic & Pacino RR .—Ordered Sold—At Los Angeles,
Cal., Deo. 22, Jutge E. M. Ross ia the Circuit Court entered
a final decree ordering the foreclosure sale of this property at
Gallup. N. M.. at a day to be fixed by special master Marron.
—V. 63, p. 504.
I
fH E
li5b
CHRONICLE.
Atlanta * West Point KB.—Receiver Applied fo r.—A peti
tion has been filed in the Fulton Superior Court for the ap
pointment of a receiver and for the winding up of this com
pany’s affairs, on the ground that its charter expir d at 12
o’clock noon on D-c. 20, 1896 Judge Lumpkin set the hear
ing for D< c. 3t.
Untte « Uostou Hilling Co.— R•organization Plan.—The
reorganization committee of which E R dlins M irse is Chun
man, h a B issued a plan of reorganizuion providing for the
formation after foreclosure sals of a new company, which
shall issue the following new securiii s:
fi r s t mortgage 6 per cent 20-year sin k in g fund gold brads,
$1,000 eacli. .-ulvject to call at any time after five y>»rs,
covering o /it b e property. Old Colony T ust, Co., trustee,
to retire all existing bonds ($1,000,000 firsts and $1,000,000 consols).................................................................. - .............$1,500,000
Slock in $10 shares (to replaoo $5,000,000 old stock )............ $2,000,000
The exchange of old for new securities is to be as f dlows:
Pay
A ssessmH.
Old S ecurities.
F irst m o r ’ g/tire ........... ___ None.
C on sol, m o rtg a g e ...........
___
P ast-due co u p on s
S tock p e r $25 share .
N one.
$10
Cash.
Stock.
100%
1st 6s
100%
50%
50%
$IO
The $2,000,000 cash assessment is underwritten, and is to be
applied to payment of overdue coupons, reorgantz ition
expenses, judgments for $380,000, floating debt for $120,000,
to the acquisition of such securities as the committee may
see fit to acquire in the interest of the reorganiza'ion, etc
Assessments are payable at the Old Colony Trust Co , $2 50
by Jan. 20, $2 50 Feb. 15, $2 50 March 15 and $2 50 April 15.
—V. 63, p. 1114.
Calumet Electric Street By., Chicago.—Loans from Na
tional Bank o f Illinois.—The loans made to this company by
the National Bank of Illinois, which failed this week, are
said to age regate $2,475,000, secured by deposit of $2,850,000
bonds. The officials of the company state that it will not be
seriously affected by the bank’s failure.—V. 62, p. 908.
Canadian Pacific By.—Additional Debenture Stock Listed.
— On the London Stock Exchange has been listed £615,375
addiiioDal 4 per cent consolidated debenture stock. Since
Jan. 1, 1896, the company’s preferred stock has been increased
from $6 424,000 to $7,640,666.—V. 63, p. 268,
Cauada Sonlhern RK.—Dividend Reduced.—The dividend
declared payable in February, 1897, is 1 per cent, in place of
1/4 Per cent, which has been the semi-annual rate since Feb
ruary, 1895. Prior to February. 1895, the rate had stood for
tbree years at 1J£ per cent semi-annnally. The earnings for
the year 1895 will be found under the heading, “ Annual
Reports.”—V. 63, p. 188.
Central of Georgia Ry.—Official Statement to New York
Stock Exchange.—This official document, embracing tabular
statements of earnings, balance sheet, etc., and much other
information regarding the new company will be found on
subsequent pages of to-day’s C h r o n i c l e . Under the head
ing, “ Annual Reports,” are given some facts from the com
pany’s first printed report, and in our editorial columns will
be found an article regarding this property, which has been
so recently reorganized.
The securities listed this week on the New York Stock E x
change were $7,000,600 first 5s and $16,500,000 consol. 5s.
Receivers o f Old Company Discharged. — At Savannah, Ga ,
Dec. 15. Judge Pardee discharged H. M. Comer and R. Som
ers Hayes from the receivership of the old Central of Georgia
RR. & Banking Co., they having fully complied with the
ordi rs of the court.—V. 63, p. 879.
Central Pacific RR.—Union Pacific R R .—Sale o f Bonds
in Government Sinking Fund.—The $2,780,000 first mortgage
bonds described last week were awarded as follows:
S p e y e r * Co.. New Y o rk —Central Pacifio, 1897, $218,000 at 100 and
aocrned interest; Central Pacific, 1898, $1,320,000 at 1 0 0 ‘s and ac
crued Interest.
Kuhn, Loeb * Co . New Y o rk -U n io n Pacific, 1896 and 1897, $338,000 at 103-05; Union Paoifio, 1898 and 1899, $601,000 at 103-30Kansas Pacific, 1896, $142,000 at 109.
A siel & Co., New Y o rk —Kansas Pacific, 1895, $158,000 at 105-51.
—Y. 63, p. 1114.
Chicago Paducah & Memphis RR.—Chicago & Eastern
Illin ois RR.—Proposed Consolidation.—The Chi. & East. III.
assumed possession ou Dec. 19 of the Chicago Paducah &
Memphis. The road will be operated until next spring urd-ulease, when it will be merged into the O. & E. I. system, and
its bonds, which are all in first hands, will be exchanged for
a C. & E. I. issue. The C P. & M. extends from Altamont,
Ilk, south to Marion, 98 miles. A link of 24 miles between
Altamont and Sbelbyrille to connect the roads has just been
completed. The new line gives the Chicago & Eastern Illi
nois access to important coal fields,—V. 63, p. 228, 455.
Chicago & Sonth Side Rapid Transit R R .—Reorganization Plan.—The First Mortgage Bondholders’ Committee, con*
•sisting of George Schneider, B.yron L. Smith, A. O. Slaughter,
L. J. Gage. C, J. Blair, Leslie Carter and William Flemming,
issued usder date of Dec. 19, 1896, a reorganization plan
which has been ratified hy the Second Section (Extension)
Bondholders’ Committee. Under this plan the stockholders
are offered by advertisement, as shown in another column,
thirty dajs within which to deposit their certificates with the
Tsorthern Trust Co, of Chicago and to subscribe at par to the
certificates of indebtedness authorized by the terms of the
plan, the subscriptions in each caEe to be for an amount not
[V ol . u i n ,
exceeding one-fifth of the par value of the stock held by them.
If holders of certifi.;ares for at least 60 per cent of the com
pany’s stock do not accept the offer within thirty days, this
offer and >A\ subscriptions made under it will be Dull and void
and the stock and the cash payments will be returned.
New Securities.—The plan provides that a new railway cor
poration shall be organiz d to own and operate the property
and to issue the following securities :
Common Slock.—For first ten years to be issu ;d only in e x
change for eq ?al amouti s o f the certificates o f Indebted
ness uesoribed b e lo w ................. ............................................$1,530,000
Preferred Slock.—Preferred over said com m on stock to the
e x te u to f iioQ-onmulativ* annual dividends at the rate of
6 per oeut ner ana im. and to the extent o f the face vatu©
in case o f liquidation; it being provided that in anv year
when the outstanding com m on stock has received 12 per
cent in divi 'ends, then any further dividends in such year
shall be paid ratably over the whole stock, said preferred
stock to be used to retire th >old bonds as below stated___ 10,323,800
Certificates o f indebtedness to be sold at par to stockholders
In order to p -ovide for betterments, extensions im prove
ments, changes of m otive pow> r and oth^r uses. Such
certificates are to bear uon-cum ulative Interest at the rate
o f 4 per cent per annum, payable annually only out o f net
incom e. The pr iuolpalis to be payable in thirty years and
Is t » be convertible, at the option o f the holder, into com
m on stock of said n ow oom p a n y a t au v tim 3 within ten
years, tile option being reserved to the debtor to redeem
said certificates at a premium o f 20 per cent at any time
before conversion into stock after ninety days’ n o t i c e
1,500,000
First Mortgage Bonds.—The right to issue these is reserved,
as stated n ext below.
Provision is made for the issue of first mortgage bonis on
the property if in the future it should be decided to do so.
In the event of the company putting a mortgage upon the
property ihe holders of the debentures are given four alter
n a t e s . First, to exchange debsntures for new mortgage
bonds at par; second, to convert the debentures into com
mon stock; third, to demand the pay neat of the debentures
in cash at par; or, fourth, to hold the old debentures. The
debentures are convertible o ily duriug a period of ten yearg
for common stock, and in the event of a mortgage being put
on the prop rty after the expiration of ten years the holder8
of debentures would be allowed to make any conversion o f
their securities named except to exchange for common stock
Exchange o f Securities.—The exchange* of old for new se*curitifs, ic is stated unofficially [the full plan not being at
hand], wiil be on the following basis:
/-----A nd receive— s
P a y in
Old secu rities . —
cash.
F irs t m ortj'ai;© b o n d s o f 1 88 9 . . . . . .
O v e rd u e iu te re st to Jan . 1, 1 8 9 7 ___
N il.
E x te n s io n b o n d s o f 1 8 9 3 ........... ............
O v erd u e in te re s t to J an . 1, 1 8 9 7 .. . . . . . N il.
S to c k ............................................................... . . . . 2 0 %
....
P r e f.
slock.
100%
100%
60%
60%
....
Cert if. o f
Indebt.
20%
Position o f New Company.—The interest on §1,500,000 of
debentures at 4 per cent would be $60,000 a year and the divi
dends on the preferred stock at 6 psr ceat per annum would
be $619,428, in all $679,428. The Chicago “ Tribune” says:
I t is b lie v e d b y m em b ers o f th e co m m itte e s th e o o in p a n y c o u ld
earn m o re than this a m o u n t th ro u g h th e o p e ra tio n o f th e ro a d p r o
v id in g th e lin e sh ou ld b e c h a n g e d to au e le c t r ic roa d . T h ere is to b e
in clu d e d in th e o p e ra tin g e x p e n se s a m in im u m ch a r g e o f $ 6 2 ,5 0 0 ,
w h ich m u s t b e p a id to th e lo o p co m p a n y , p ro v id in g a o o n tr.ic t is m ade
f o r r u n n in g A lle y “ L” train s a ro u n d th e lo o p . T he n et e a rn in g s o f the
A lle y *Tj” a t the p re se n t tim e a re in th e n e ig h b o rh o o d o f $ 2 5 0 ,0 0 0 ,
n o t co u n tin g in te re st on b on d s. T h ere w o ild be n e c e ss a r y , th e re fo re ,
an iu o e a se o f a little m ore th a n $ 3 0 0 ,0 0 0 in n et ea rn iu g s to p a y th e
in te re s t on d eb en tu res a n d p r o v id e th e f u ll 6 p er ct>nt o n p re fe rr e d
sto ck . I f th a t sh o u ld b e m ore th a n re a lize d th ere w ou ld then b e an
in d u ce m e n t to th e h old ers o f th e d e b e n tu re s to e x c h a n g e th e ir h o ld
in g s f o r co m m o n stock .
See advertisement on another page.—V. 63, p. 601.
Chicago Street Railway-!—Four Cent Fare Ordinance
Vetoed.—Mayor Swift of Chicago on Dec. 22 vetoed the
ordinance passed by the City Council last week requiring the
surface roads to sell twenty-five tickets for a dollar. The
Mayor declared there was no public demand for cheaper car
fare, and that the measure would lay the city open to the
charge of having violated what the street car comDanies had
accepted in good faith as a contract—that is, the right to
charge tive-cent fares.
Cincinnati Newport & Covington R y.—Meeting as to
Sale o f Second Mortgage Bonds.—The stockholders met on
Monday to consider the proposition of the Hutton bond syndi
cate to take the $500,000 second mortgage bonds at 70 cents
and interest, with a bonus of 3,500 shares of stock and the
privilege of managing the road for a certain period. Only
3,200 shares were subscrib-d of the requisite 3,500, but in
oilier respects the terms of the syndicate, it is understood,
were accepted. The meeting adjourned until Thursday,
hopiog that in the meantime the remaining 3 JO shares would
be secured,—V. 62, p. 988.
Columbus Hocking Valley & Toledo R y.—Application to
List New Bonds.—The new 100 year 4 per cent general lien
bonds were listed this week on the New York Stock E x
change, and in a subsequent column is given the facts at
length regarding this issue, as set forth iu the official appli
cation to Jist the bonds on the Exchange. The new bonds
issued take up the 6 per cent purchase money bonds of the
Ohio Land & Railway Co.—V. 63, p. 702.
Commercial Cable— Postal Telegraph Cable—Deal A p
proved —New Bonds—The shareholders of these companies at
special meetings Dec. 22 by a large majority indorsed the
plan for the unification of the corporations. The plan,
which goes into operation Jan. 1, 1897, provides for the issue
by the Commercial Cable Company of $20,0 00,000 4 per cent
D ecember 26, 1896,]
THE
CHRONICLE
gold bonds, $15,000,000 of which is for the acquirement of
the Postil property and $5,000,000 for extension of t< legraoh
lines. The interest on the bonds will be payable quartet lv.
and they are divided into three classes, registered and
coupon, for this country, and debentures for foreign in
vestors. The bonds are interchangeable for the debentures
at the rate of £206 for each $1,000 bond To accommodate
small investors registered bonds will be issued in amounts
of $100 and upwards.—V. 63, p. 1009.
Consolidated Fireworks Co.— Reduction o f Stock.—The
stockholders will vote Jan. 18 on a proposing to re Juoe the
capital stock from $2,500,000 ($750 000 pref rred, remainder
common) to $1,838,400, of which $519,000 to be preferred and
$1,280,400 common, par value of shares to remiin $100 each.
Defiance (Ohio) Electric Light « Street lly. —Receiver
Appointed— This company, banded in the sum of $100,000,
went into the hands of a receiver Dac. 18.
Delaware River RR. & Bridge Co.—Listing.—On the New
York Stock Exchange have been listed the $1,300,000 first
mortgage gold 4s recently sold.—V. 63, p. 1062.
Duluth Transfer Ry.—Sale Ordered.—The oreclosure sale
of this property h:s been ordered under the mortgage of 1891,
upon which there is due for principal and interest $t,284,000.
The upset price is $500,000.—V. 63, p. 504.
Laclede Gas—Charter Case to be Re-argued—At Washing
ton, D-e. 21, in the Supreme Court, Chief Justice Fuller an
nounced a re-argument in the Laclede Gas case, involving the
respective rights of the Laclede Gas Comoan v and the city of
St. Louis under the company’s charter.—Y. 62, p 304.
Manhattan Ry. —Bondholder*’ Suit —On December 16 Mor
timer Hendricks, a holder of seven cons 1. m irtgage binds,
petitioned the Attorney-G-neral to begin suit to restrain
the officers and directors of the corporation from paving divi
der ds alleged not to have been earned. The complaint states
that the earnings in t'm last two years have not been suffi
cient to pay the expenses of operating the road, its fixed
charges and dividends on the stock by about $t.O2).00O. The
Attorney General is asked to remove the officers and di
rectors of the corporation.—V. 63, p. 922.
Middletown Unionville Je Water Gap RR.—New York
Sa-quelianna A Western RK.—Proposition to Extend Bonds.
—About $175,000 of the second mortgage bonds of the Mid
dletown Unionville & Water Gao RR. have assente 1 to the
propoeition noted in our issue of December 5 to extend the
bonds which matured December 1, 1895, Pending an agree
ment not yet reached the principal of the bonds is now in
default. It is pointed that besides being a second marrgage
the bonds cover only a single track and no terminals.—Y. 63.
p. 1010.
Mobile & Ohio RR.—Bondholders Authorize Extension.—
At the meeting on Wednesday the general mortgage bond
holders approved the proposed extension to Mongotnery and
directed the trustee of the debentures (which are practically
all held under the general mortgage) to vote in favor of it at
the meeting of stockholders on Dec. 30. As the trustee of
the debentures holds the right to vote more than 90 p-r cent,
of the company’s capital stock, the project is in effect already
authoriz'd
A contract has been made for the immediate
construction of the line, contingent only up m the sale of the
proposed issue of bonds and the placing of the entire proceeds
thereof under the control of the Mobile & Ohio RR. Co , to be
disbursed by it as the work progresses. The construction of
the extension will be uoder the personal supervision of the
engineer and representative of the M. & O. RR. Co.
The proposed extension is to run from Columbus. Miss., to
Montgomery, Ala., 163 mile*, with branches of 15 miles to
the Warrior coal field and of 12 miles to the Bloc ton coal field.
The rn rtgage thereon i. to he $4,009,000, including $500,000 for equipment.—V. 63, p. 1115.
Newport 4c Cincinnati Bridge Co.—Listed —Oa the New
Y'ork Stick Exchange have been listed the $1,400,000 gen
eral mortgage gold 4tj per cent guaranteed bonds of 1945
recently aold —V. 63, p. 1011.
New York Central & Hudson River RR —Quarterly.Eirnirgs for the quarter and the six months ending December
81 have been reported as follows, the figures for 1896 being
partly estimated.
3 m ns. end.
Gross
A'el
fir s t
D ividends
lice 3 1 — ea rn in g s. ea rn in g s.
ch arges.
pa id.
•»fi I-4M i l l . 7 3 0 .39 6 $ 3 . sot.218 *2.837,4HO (t%)*l.o00.000
• »5 .........
1 2.4 0 7 ,8 9 6 3 ,9 6 4 ,2 6 1 2 .6 1 7 ,9 5 2 (1% ) 1 .0 0 0 ,0 0 0
B alance,
surplus.
$16 6 ,7 2 8
316 ,30 9
•96 Test , 4 2 3 ,0 0 0 .2 9 5 $ 7 ,4 7 7 ,3 1 9 $ 5 ,2 6 4 ,5 7 8 (2 % )*2 .0 0 0 .0 0 0 $212,771
•95
. . . 2 1.0 0 8 .4 0 2 7 ,8 1 9 ,2 1 2 5 .2 7 8 .5 0 2 (2 % ) 2 ,0 0 0 ,0 0 0 540 .74 0
—V . 6 3. p. 838.
New York jfc Northern Ry — New York Sc Pntnam RR.—
Re argument o f Court o f Appeals Decision Denied.— At Al
bany, Dec. 22. the Court of Apoeals denied a motion for
re-argument in the case of the Farmers L tan Trust Com
pany. respondent, against the New York & Northern RR.
j
rsapondmt, and Holmes P. Pick, appellant. The New
York Central RR. secured control of a majority of the stock
anti bonds of the New York & Northern RR., and then had
the Farmer- Loan & Tru-t Co., which was trustee of the
mortgage, foreclose it. The Court of Appeals, in deciding
is e agaiost the Central Railroad s >me time ago, held
that the C e n t r a l Road could not force a foreclosure against
the New York & Northern as a result o f the Central’s own
management of the property. A motion was made to re
argue the case, whioh is denied, and under the decision ren
i 169
dered in October a new trial must now be ha 1. The case was
reviewed editorially in the C hronicle of Noy. 7, pag t 820.—
Vol. 63, p. 754
Old C >ltmy R t.— Sfocfc to be Sold -B y orier of toe d i e ;
tors $2 )0.000 s'oek will b ■sold at auction in B isto a D jc.3 0
by R. L D iy & Co.—V. 63, p 650.
Park City Railway, B twling Green, Ky.—Receiver A o pointed. —At B iwliag Green, Ky., D tcemb >r 10, Judge Settle
appointed James H. Wilkersou receiver for this company.
P h iladelphia Reading & New England RR.—Bondholders’
Meeting.—The Pniladelphia “ Ledger” says: “ We are informed
that a meeting of the first mortgage bondholders of the Phila
delphia Reading & New England Riilroad Oi. (Poughkeepsie
Bridge) wh >have deposited their bon Is with tin Girird L'fe
Insursnce Annuity & Trust Compmy. was lately held at
the office of the la'ter company tu this city Nearly all the
depositors were present or repr seated, and it was the utanimous sentiment that mitters should be brought to a con
clusion promptly and thit. failing to accomplish anv other
satisfactory settlement in the near future, the com nittee
should proceed to foreclosure.” — V. 63, p. 839.
P h iladelph ia & Reading R y.— Reading C o. —L ittle
Sclttitlk ill Navigation RR. & Coal.—Stock Increased.— At
Philadelphia, Dec. 18, the stockh >1iers of the new Reading
Company voted to increase the capital stock from $40,000,000
to S140,600.000. Court el for the company stated that the
action would not have been taken had not the c tmpany been
confident of the validity of the charter.
Reduced Rental Accepted.—On D c. 22 the stockholders
of 'h “ Little Schuylkill Navigation RR. & Coal Co., by a vote
of 23,328 shares to 2,013, agreed to accept the proposition made
by the Reading Comnanv to redu;.e the rental from 7 to 5 per
cent or th% stock. In the proposed lease the 'eading agrees
to pay all taxes and organization expenses and the rental in
gold coin.—V 63. p. 1116.
Pittsburg Shenango & Lake Erie RR,— Butler & Pittshnrg RR -Pittsburg Bessemer & Lake Erie RR — Plan o f
Consolidation—New Securities.—Tha plan f ir tin cons tlidation of the two companies first nam'd under the ti It of the
Pittsburg Bessemer & Lake Erie RR. Co. has been completed,
and only awaits formal action by the stockholders. Tha capi
tal stock of the new company will be $10,000,000 in $50
shares, and will retire, dolltr for d illar, the $5,2)0,000 stick
of the Butler & Pittsburg [$3,400,000 new c msols being also
given as part consideration] and the $1,800,000 stock of the
Pittsburg Shenango & Lake Erie. All d'h.s of the old com
panies will he assumed and a new consilidatsd mortgag< to
secure $10,000,000 of 5 per cent 50 year go!d bonds will be
created, covering all the railroad, property, rights a id fran
chises of the consolidated company, incluii tg rh“ agreement
with the Carnegie Ste-1 C >.. Limited, and the G ii in RR Co
Of the new bonds, $4 800.000 will be reserved to refire at or
before maturity a like am aunt of bonds outstanding n the
Pittsburg Shenang >& Lake Erie, and $2,400,010, with inter
est accruing from Aptil 1, 1897, will he issued iu part pay
ment to cue stockhol lers of the B i ler & Pittsb trg. The re
mainder of the new loan will be applicable to the “ corporate
purposes” of the new company in the manner to be provided
in the new mortgage.
Directors—The directors of the new company will be :
Andrew Carnegie, New York.
James H. Reed, Pittsburg, Pa.
J. Edward Simmons, New York.
Jabez T. Odell. Pittsburg, Pa.
Samuel B. Dick. Meadville, Pa.
Thomas H. Given, Pittsburg. Pa.
Arthur C. Hlndekoper, .Meadville, Pa. Andrew W. Mellon. Pittsburg, Pa.
John Dick. Meadville. Pa.
Edwin S. Mills. Cleveland, Ohio.
Henry C. Erick. Pittsburg, Pa.
Thomas H. Wells, Youngstown, Ohio.
John G. A. Leishman, Pittsburg, Pa.
O f f ic e r s .—Chairm an o f the B oard, S am uel B. D i c k ; P re s id e n t,
J am es H. H eed; V ice-P resid en t, J a b e z C O d ell; T re a s u re •%T hom as H .
( iiv e n ; S ecreta ry, R o b e rt A. F r inks. G en era l offices, P ittsb u rg .
Annual Report —Description o f Mew Line —Proaid^at Saaiuel B. Dick writes us uad-r date of D *c. 17 as foil >ws :
W e h a v e n o t pu b lish ed o u r annual re p o rt for the past y e a r as we
h a ve been to o m uch o cc u p ie d fin co m p le tin g ou r new a rra n gem en ts.
The " n e w lin e ” rim s from the E d ga r T h om son Steel W orks to Con
n eaut, O hio, to g e th e r w ith su ch b ra n ch es as are n o w on the p resen t
line. T h ° Mne from B utler in to P ittsb u rg will be com p leted b y th e 1st
o f August, [t w ill b e laid, as w e ll as the p resen t line, w ith 1 00 -lb .
steel rails. The new e q u ip m e n t w ill be 4 )-to n c i r s and th e lo c o m o
tiv e s o f the m ost m o tern type. G rades are b e in g re d u ce d oil th e
present lin e an d cu rv e s re m o v e d o r lessened. N ew and large d <cks
are bein g b u ilt a t C onneauc H a rb or, O hio, and arra n gem en ts b e in g
m ade fo r the e re ctio n o f ad d ition a l m achinery fo r the h a n d lin g o f c o a l
and o re a t that point. The m axim um grade on the lin e w ill be 30 fe e t
to the m ile an d o v e r 8 0 per o e n t o f it w ill be straigh t tra ck. A s an
e v id e n ce o f what we e x p e c t to d o we hauled ye ste rd a y , north o f
G reenville. 59 ca rs w ith 1,50 ) tons o f c »al, an d returned w ith 45 ca rs
h a v in g 1.300 tons o f ore. w ith on e en gine and on e cre w , w ith the
e x c e p tio n o f ha vin g a pusher o ve r one sm all grad e that has n ot b een
reduced. It is the in tention to m ake this line the m odel h ea vy fre ig h t
line o f the co u n try , its p rin cip a l tonnage b e in g iron ore south and coa l
north .
We h a ve co n tra cts fo r a term o f years w h ich w ill insure us a to n n a g e
o f 4.00 ».00<> tons a n n u ally, the increase o f w h ich o n ly d e p e n d s on
ou r a b ility to ca rry .—V . 63, p. 116.
Quincy Omaha Jfc K ins is City Ry —Exchange o f Bonds fo r
Trust Co Certificates. — Holders of noo-preferred bo ids are
requested, in ace irdince with r.tie nrovisi otn of tin amended
agreement of Nov. 10, 1898, to deposit their bo ids, or the cer
tificates repr.s nting the same, with the Guaranty Truss Go.
of New York, to be held subj ct to the terms of said agree
ment, and receive therefor steel engraved certificates of the
Guaranty Trust Co., and the pavment of the first year’s inter
est under the proposed lease.—V. 63, p. 1116.
St. Joseph & Grand Island RR.— SoZd in Foreclosure.—
At Hastings, Neb., Dae. 23, this road was sold under fore-
1160
THE
I;vor.. LXIII
CHRONICLE
closure for §-’ ,000,000 to Wm. Bull of the first mortgage bond
holders’ committee.
Final Notice —Deposits Subject to Penally.—The reorgani
zation committee [F. P. Olcott, Chairman, Henry Budge,
William L. Bull. Gordon Abbott, with J. N. Wallace, Secre
tary, 54 Wall Street.] gives notice that, having purchased the
property subject to confirmation by the court, they wilt per
mit the deposit of the corapanj’s securities under the plan up
to and including Jan. 5, 1897, only on payment of the follow
ing penalties : 5 per cent penalty on first mortgage bonds ; 1
per cent on second incomes ; 50 oents on each share of stock.
See advertisement in another column.—V. 63, p. 1064.
St. Limls Chicago & St. Paul HR.—Ordered Sold. —At
Springfield, 111., Dec. 22, Judge Fouke. in the Sangamon
Circuit Court, ordered the foreclosure sale of this road at a
day to be fixed by the Master in January, 1897.—V. 63, p 795.
St. Louis & San Francisco RU.—Kansas City & South
Western RR.—Sold in Foreclosure.—The Kaneas Citv & South
Western Railroad, a branch of the St. Louis & San Fraucisco
RR., was Bold this week at Winfield, Kan., to E. C. Hender
son, General Counsel of the St. Louis & San Francisco, for
*300,000.—V. 63, p. 601, 970.
Seaboard Ry. o f Alabam »—Sold in Foreclosure.—This
properly, including the railroad extending from Nannahubba
to Tuscarora, Ala., 26 miles, 150,000 acres of pine lands in
Mobile and Washington Counties, Alabama, and the entire
plant of the Seaboard Manufacturing Company, wassold under
foreclosure at St. Stephens, Ala., Dec. 7, and was bid in by
the trustees for the bondholders at $156,900 cash.— V. 63,
p. 76.
Southern New England Telephone Co.—New Stock.—It is
stated that all the new stock, amounting to $630,000, has been
subscribed for, and of the $355,000 of debentures all but
*97,000 have been converted into gtock. The total capital
stock id now $2,305,000.—V. 63, p. 881.
Tacoma Ry. & Motor Co.—Ordered Sold.—In the fore
closure suit of the Guaranty Trust Co., Judge Hanford, at
Tacoma, has ordered the foreclosure sale of this property.
United States Car.—Reorganization Plan.—A plan of re
organization has been prepared on the basis of the expert’ s
report regarding the needs of the property. It provides for
foreclosure sale and the following new securities :
* irst m ortgage 5 0-y ea r g o ld b on d s, d a ted Jan . 1 ,1 8 9 7 , b earin g 4 ner ceD t Interest u n til J an . 1 ,1 9 0 0 , then 5 p e r oen t
(J. & J .). T hese b onds are to b e s u b jeot to ca ll f o r th e
sin king fun d or oth erw ise a t p ar, and are t o be co n v e rtib le
a t o p tio n o f h old ers in to atook a t o a r w ith in t w e n ty d a ys
filter p a ym en t o f a n y d ivid en d . T h e y a re to be is s u e d f o r
assessm ents (# 7 5 0 ,0 0 0 ), rea l estate b o n d s ( S250.00U), and
f o r 20 p e r een t o f p res en t first m o rtg a g e b on d s. T ota l
issue n o t to e x c e e d ............................- .............................................. § 1 ,2 5 0 ,0 0 0
C ollateral ea r trust 5 p e r c e n t 2 0-y ea r g o ld b o n d s in e x
ch an ge fo r an e q u a l a m ou n t o f o ld ca r tru st b o n d s
secu red b y the sam e co lla te r a l, s u b je ct t o a g re e m e n t o f
M a y 2 1 , 1 8 9 6 ............................................................................... ......... $ 9 2 0 ,7 5 0
N ew o rd in a ry sh ares fo r o ld s to c k a n d b o n d s .......................... $ 2 ,0 0 0 ,0 0 0
d e p a rts
CENTRAL
OF
an d
D o c u m e n ts .
G EO R G IA
R A IL W A Y
CO.
APPLICATION FOR LISTING BONDS ON THE NEW
YORK STOCK EXCHANGE.
The Central of Georgia Railway Company respectfully ap
plies to have the following-described bonds issued by it
placed on the regular list of the New York Stock Exchange :
$7,000,000 First Mortgage 5 per cent Gold Bonds, numbered
from 1 to 7,000 inclusive, for $1,000 each, and
registered bonds which may be issued in ex
change therefor.
$16,500,000 Consolidated Mortgage 5 per cent Gold Bonds,
numbered 1 to 16,500, for $1,000 each, and regis
tered bonds whicli may be issued in exchange
therefor.
The Central o f Georgia Railway Company was organized
on the 17th day o f October, 1895, under the laws o f the State
o f Georgia, and has taken over and consolidated under one
ownership and management the railroad and steamship
properties formerly of the Central Railroad and Banking
Company of Georgia, and various controlled and affiliated
companies, as more fully detailed below. A copy of the cer
tificate of incorporation o f the Company is herewith sub
mitted.
The railroad and other properties embraced in the new
Company were acquired from parties who had purchased
the same at various foreclosure sales, except in the case of
the Macon & Northern Railway Co., which Company has
just been organized to succeed the Macon & Northern Rail
road Co. The Macon & Northern Railway Company, having
issued no bonds, its property was transferred to the Central
of Georgia Railway Company by deed, which was duly
sanctioned by the Directors and Stockholders of said Com
pany. A full outline of the proceedings for the acquisition
of the various properties comprising the Central of Georgia
system is submitted herewith.
Summarized briefly, the system now owned and operated
by this Company embraces 1,120 miles of railroad owned in
fee, and 385 miles held under lease for 101 years, being the
lines with their various branches, which were formerly
known as follows:
OW NED.
1. T h e C en tra l R R . & B a n k in g C o., o f G e o r g ia , M a in L in e
e x te n d in g fro m S a v a n n a h t o A tla n ta , w it h a b ra n ch
f r o m G o r d o n t o M ille d g e v ille . t i a ....................................... 312 m ile s .
2. T lio S a v a n n a h & W e ste rn R R ., w h ich co n s is ts o f a n u m
b e r o f lin e s, e x te n d in g fro m M e ld rim t o L y o n s , G a.;
fro m A m e r ic a s , G a.. v ia C olu m b u s, G a,, t o B irm in g
ham , A la .; fro m C o lu m b u s, G a ., to G r e e n v ille , G a.;
fr o m O p e lik a , A la ., t o R o a n o k e , A la .; fr o m E u fa u la
t o O za rk, A la., a n d fro m G riffin to C a rro llto n , G a.,
“•
co n s t itu tin g a n a g g re g a te m ile a g e o f a b o u t ................... 4 8 5
3. T h e M o n tg o m e r y & E u fa u la R a ilw a y , e x t e n d in g fr o m
8
0
“
E
u
fa
u
la
t
o
M
o
n
tg
o
m
e
r
y
,
A
la
..............................................
The exchange of old for new securities will be on the fol
o h ilo & G ira rd R R ., e x t e n d in g fr o m C olu m b u s,
lowing basis, no allowance being made for interest, except on 4. T lieGM
“
a., to S earigh t, A la ., a b o u t .................................................. 122
real estate and collateral car trust bonds :
5. T h e M a oon & N o rth e rn R R ., e x t e n d in g fr o m M a co n to
103
“
A
th
e
n
s,
G
a.,
a
b
o
u
t
.....................................................................
------------Will r e c e iv e : - -------------V
P a yin g
A sstssm ’ t.
N ew 1st I f. Cai' Trusts.
Old secu rities—
Stock. 6. T h e S a v a n n a h & A tla n tic R R ., e x t e n d in g f r o m S ava n
18
“
n a h to Ty b e e Is la n d , G a., a b o u t ...................... ....................
10< %
..........
R e a l est. b on d s, $ 2 5 0 ,0 0 0 .. N one.
1st M .. $ 1 ,3 4 8 .1 9 5 .................
65%
25%
f4 5 %
..........
T
o
t
a
l
.....................................................................................
1
,1
2
0
m
ile
s.
4 0%
‘ 15%
2d M „ $ 1 ,6 8 4 ,3 8 0 .............. ..
15%
___
Coll, oar truM s, $ 92 0 ,7 5 0 .. N one.
.........
1 00 %
L E A S E D L IN E S .
P ref. stock , $ 1,4 17 ,3 7 5 .
/
(a) T h e S o u th w e ste rn R R ., e x te n d in g fr o m M a co n , G a ., to
*6% %
..........
15%
C om m on s to c k , $ 1,3 0 0 ,0 0 0 s 0 4/0
E u fa u la , A la .; fro m F o r t V a lle y , G a ., t o C olu m b u s,
G a.; fr o m F o r t V a lle y , G a ., t o P e rry , G a.; fro m Sm itli"* F o r assessm ent.
t O f th is 25 p er een t iu b on d s is f o r a ssessm en t.
v ilie , G a.. t o C olu m b ia , A la .; fr o m C u tb b e rt t o F o r t
G a in es, G a., co m p r is in g a system o f a b o u t .r ................... 3 3 2 m iles.
The profits of the new company, after providing fixed
charges, shall be applied as follows : 10 per eent for redemp (b) T h e A u g u sta & S a v a n n a h R R ., e x t e n d in g fro m M ilieu ,
G a ., t o A u g u sta , G a ., a d ista n ce o f a b o u t ........................
53
“
tion at par of the first mortgage bonds and 10 per cent to a
reserve fund to te invested in securities outside the business
T o t a l ..................................................................................... 3 8 5 m ile s
of the company
The Company owns the following stocks and bonds from
The reorganization committee [address, 31 L imbard Street, which income is derived:
London, E C .] consists of :
O ce a n S tea m sh ip C om p a n y , c a p ita l s t o c k ......................................$ 2 ,0 0 0 ,0 0 0
D avid C o n fo o t. W illia m B ra n d er. C harles T. D . C rew s. J o h n Sf.
D o u e la s, C harles R ioh a rd son , D. A. T ra ill C hristie, G. B. H o w d e n , O.
H . E d in ger, L eon a rd B . F ra n k lin . A nd rew H a es, W alter D . H e in e m ann and E d w a rd W agg.—V. 6 3 , p. 78.
Uuiteri States Rubber Co.—Dividend o f %per cent, on Com
mon Stock.—The directors on Wednesday declared a dividend
of 2 per cent on the common stock, payable February 15cb,
to stockholders of record January 27th.
Treasurer Chas. R Flint is quoted as saying : “ A dividend
of 2 per cent on ihe common stock was declared out o? the
earnings of the company, which, after paying 8 per cent an
nually on the preferred stock, left belonging to the stock
holders $2,321,712. This dividend calls for the payment of
*400,000, which leaves the surplus earnings, $1,921,712, to which must be added the surplus earn
ings frcm April 1, 1896,
to
the end of the
fiscal year ending April 1, 1897, when lull and complete in
ventories are taken and statements rendered. The by-laws
of the company provide that dividends on the common stock
may be declared in December and June of each year. Th-United Stat<s Rubber Company has a working capital o f
$12,010,000, outeide of its eighteen factories, which, with
machinery and fixtures, are valued at $10,000,000, being con
siderably below their actual cost. The rubber shoe manu
facturing industry, before the organization of the United
States Rubber Company, was in comparatively few hands,
but has now been widely distributed, its stockholders num
bering over 6,000.—V. 68, p. 1063.
N ew E n g la n d & S av a n n a h S tea m sh ip C o., c a p ita l s t o c k ........
5 0 0 .0 0 0
W e ste rn R a ilw a y o f A la b a m a , ca p ita l s to c k (o n e h a lf e n tire
i s s u e ) ........................................................................................................ 1 ,5 0 0 ,0 0 0
A tia u ta & W e s t P o in t R R. C o ., c a p ita l s t o c k ..............................
i s g ,4 0 0
S o u th w e ste rn R R . C o., c a p ita l s t o c k ..............................................
1 4 4 ,0 0 0
W rig h ts v ille & T e n n llle R R ., p re fe rr e d s to c k (en tire iss u e ).
7 0 ,0 0 0
W r ig litsv ille & T e n n ilio R B . Co. c o m m o n s t o o l;........................
250
Talbot,tom RR. C o., firs t m o r tg a g e b o n d s .....................................
2 5 ,0 0 0
L o u is v ille & W a d le y R R . C o., first m o r tg a g e b o n d s .................
2 5 .0 0 0
A number of such bonds and stocks so acquired are sub
ject to the Collateral Trust Mortgage 5 per cent Gold Bonds
o f the Central Railroad & Banking Company of Georgia, o f
which the amount outstanding is 84,880.000 par value.
The Ocean Steamship and the New England & Savannah
Steamship companies own eight. (8) large and valuable
steamships plying between New York. Boston, Philadelphia
and Savannah, and also 347 acres of valuable terminal pro
perty in the city of Savannah, commanding 6,471 feet of
water front, with extensive docks, warehouses, sheds and
cotton compresses, and also own other valuable dock proper
ty at Hoboken, N. J. The Railroad Company also by its
River Street track at Savannah reaches wharves not owned
by the Company which cover a river frontage of 4,900 feet.
With reference to the condition of the Company’s property,
it may be stated that during the term of the receivership
important betterments were made and the physical condition
of the property greatly improved. The Engineer who re
cently examined the railroad and steamship lines states that
■the present physical condition should be maintained, or even
THE
D kckmbeb 26, 1S96,]
OH RON IOLE
improved, out of operating expenses. The Engineer’s certifi
cate of examination is submitted herewith.
The Central of Georgia Railway Company, in considera
tion of the railroads, stocks, bonds and other properties,
and of leasehold, estates, etc., etc., described herein,
executed and issued its various stocks and bonds, all of
which are set forth herein.
Following is a description of the bonds desired to be
listed:
The F i r s t M o r t g a g r F i v e P e r C e n t G o l d B o n d s o f the
Company, of which the total authorized issue and amount
outstanding is $7,000,000, are issued under and secured by a
First Mortgage of the Company, dated November 1, 1895,
executed to the New York Guaranty & Indemnity Com
pany mow the Guaranty Trust Co. of New York), as trustee.
The Bonds are dated November 1, 1895, and mature Nov
ember 1, 1945; the principal aud interest thereof are
payable in the City of New York in gold of the present
standard of weight and fineness, the interest being payable
February 1st and August 1st. The Bonds are in coupon
form with power of registration as to principal, and may be
convened into fully registered bonds of the denomination
o f $l,0ix» and $7,000 each.
The Mortgage securing the Bonds constitute a first mort
gage lien on what was the entire main line o f the old Cen
tral Railroad & Banking Company o f Georgia in the State
of Georgia, extending from Savannah to Atlanta, together
with a branch roa 1 known as the Milledgeville Branch, exten.ling from Gordon, Ga.. to Milledgeville, Ga., the aggre
gate mileage being about 012 miles, together with all equip
ments. appurtenances, income and franchises of the railwav company in connection with such main line of railway
and branch line ; it is also a lien on the Company's interest
in and to $1,997,DO1) par value of the capital stock of the
Ocean Steamship Company, a corporation of the State of
Georgia, which stock is now in the possession of the Central
Trust Company of New York City, with other property held
bv it under tin" terms of the Collateral Trust mortgage exe
cuted to it as trustee on May 21. lssT. by the Central Rail
road A Banking Company o f Georgia, the then owner of
such -took, as - urity for the payment of the issue of 5 per
cent C o l l a t e r a l Trust bonds above mentioned, which consti
tute a first lien upon said steamship company’s stock, and
all interest, dividends and income accruing thereon.
T il- c
in s o l ip a t e p
M o r t g a g e F iv e P
er
Corwin, an independent firm of accountants, is herewith
submitted ; also a condensed Balance Sheet as of June 30th,
1896, and a condensed Comparative Statement of the opera
tions of all the roads now comprised in the system (Macon &
Northern Railway excepted) from July 1, 1893, to June 30,
1896, prepared by the same firm ; the latter road (103 miles)
being included only subsequent to December 22, 1895, the
date at which it was taken into the system. The Montgom
ery & Eufaula Railroad and the Savannah & Atlantic Railroad
were formally taken into the reorganized system on Febru
ary 1, 1896, and the Mobile & Girard Railroad on March 15,
1896. As these roads were a part of the old organization,
their operations are included herein for comparative pur
poses for the full period.
In the statement of operations the caption “ Additional
Income ” covers the net income accruing from the opera
tions of the Steamship Companies and other outside proper
ties ; also the income from investments in the stocks and
bonds o f other roads in which the Central of Georgia Rail
way Company has a semi-proprietary interest, etc.
C ent G o ld B onds
are issued under and secured by a Consolidated Mortgage of
the i 'ompanv, dated November 1. 1805, executed to the Mer
cantile Trust i 'oiupany of New York, as trustee. The Bonds
are dat d November 1. 189.7, and mature November 1. 1945 ;
the principal and interest thereof are payable in the City of
New Y o r k in gold of the present standard of weight and
fineries', the interest being payable on May 1 and November
1. Hie Bonds are in coupon form, with power of registra
tion as to principal, and may be converted into fully regis
tered Bonds of the denomination of $1,000 and $5,000 each.
The Consolidated Mortgage securing the Bonds is a first
mortgage lieu ujron .>k{ miles ol the system comprising the
former Savannah & Western. Montgomery & Iiufaula and
Savannah & Atlantic railroads, and a second lien upon
707 miles, comprising the Main Line. Mobile & Girard
and Macon A Northern properties. It is also a first
mortgage lien u >n t h e leases of the S o u t h w e s t e r n RR. and
the Augusta A: .a.v. a. n.n a h RR.. comprising- a s -y s t e m of 385
m ile .
The Consolidated Mortgage is also a first mortgage
li,.n up,in the following sto -ks and bonds, from which in
come is derived :
N ew E n g la n d A S o an null S tea m sh ip C o., ca p ita l s tock
$ 4 9 9 ,5 0 0
Mae $600,000)......................................*—
(enttr
7 0 .0 0 0
(en tire is s u e ).
Wright’ !l< A T on ii Ilie K k C o . p rof, stock ock
250
..............
Wrightwv tie A- TV im llle R R. C o ., co m m o n s t
144 .00 0
Southw . *tern KU. C o., ca p ita l s t o c k .............................
43,1
00
Atlanta A- W est P oint R lt., ca p ita l s t o c k — .............
2 5 .0 0 0
T a lb o tt ■tu R R C o.. Ilrst m ortg a g e b o n d s ....................
25.0
00
I » o h r l lie A WAdlejr UP,. C o ., first m ortg a g e b unds.
curitie.1
which
with the exception of $119,800 o f the
Southwestern Railroad Com pany capital stock, w hich is
deposited with the Georgia Railroad & Banking Company,
security for lease, have heen deposited with the Mercan
tile Trust Company, as trustee o f the Consolidated Mortgage,
as security for said mortgage.
„ .
. .
The Consolidated Mortgage is also a first lien on certain
securities at present n o t i n c o m e - p r o d u c i n g , b u t w h i c h i t is
expecte.l will ultim ately becom e so, either through reorgannization or otherwise.
. ,
,.
, . .
Th< i < nsoli late 1 Mortgage is also a lien, subject to prior
mnrti'.i ■ - upon tin- following dividend-paying stocks :
I,ip C o., ca p ita l stOOk (entire issue $2,000,000) *1.995,000
w S S n i tp Hr Vial... <-..i»n:»l Ht.iik (one lmlf entire issue).. 1.500,000
,,
-
,.
A tla n ta A- Wi*«S Point- KU- C o-, ca p ita l s t o c k .............................
1161
•
The i-sue of the Consolidated Mortgage bonds is restricted
bv the Mortgage to $16,500,000. which amount can be in
creased to no? exceeding $18,500,000 by the issue of not
more than $700,000 in any one fiscal year, exclusively for
betterments and forth " purchase of equipment for the ra 1road covered by the mortal?©*
. ,
, , f ._
A c e r t i f i c a t e as to t e legal issuance of tlie 1’ irst Mortgage
I
M o r t g a g e Bonds has been furnished by
anil C o f in o lid a t e f
Counsel, Messrs, Seward. Guthrie & Steele, aad is sub
ther with certified copies of said
m it t e d herewith.
m ortgages.
A statem ent o f tl capitalization and fixed charges o f the
reorganized Com pany, pre-par 1 bv Messrs. Patterson &
C A P IT A L IZ AT I ON.
The capitalization of the Central of Georgia R’y Co. is:
F irst M ort. 5 % G ob i B onds, o ld Gent. M ain L in e, 312 m iles.. $ 7 ,0 0 0 ,0 0 0
interest, February 1 and August 1. Due November 1, 1945.
F irst M ort. 5% G o ld B on d s, M ob ile D iv is io n . 122 m iles . . .
1 ,0 0 0 ,0 0 0
Interest, January 1 and July 1. Due January L, 19lG
F irs t M ort. 5 % G old B ond s, M acon & N orth. D iv ., 103 m iles
8 4 0 ,0 0 0
Interest, January 1 and July l. Due January 1, 1946.
C o n so lid a te d M o r tg a g e 5% G o ld B on d s:
Interest. May 1 aud November 1. Due November 1, 1945.
1st. M ortgage o n 583 m iles;
2nd M o rtg a g e on 537 m iles, e t c .......................................... 1 6 ,5 0 0 ,0 0 0
C o lla te ra l T ru st 5 % G old B on d s, (C entral R R . aud B kg.
4 ,8 8 0 ,0 0 0
C o. o f G a., u n d is tu rb e d ).............................
Int. May 1 .0*1 Nov. I. Due May 1.1937. Subject to call at 110.
T o ta l p rio r t o in co m e B on d s............................................$ 3 ° ,2 2 0 ,0 0 0
F irs t P re f. I n c o m e M o rtg a g e B on d s. 5% n o n -cu m u la tiv e ..
4 ,0 0 0 ,0 0 0
Interest, if earn c l , payable in Oct. Due November 1, 1945.
S econ d P re f. In co m e M ort. B onds, 5% n o n -c u m u la tiv e ....
7 ,0 0 0 ,0 0 0
Interest. if earned, payable in Oct. Due November 1. 1945.
T hird P ref. In co m e M o rtg ag e B onds, 5% n on cu m u la tiv e .
4 ,0 0 0 ,0 0 0
Interest, if earned, payable in Oct. Due November 1,1945.
____
C a p ita l S t o c k .......................................................................................
o,0 0 0 ,0 0 0
T o ta l C a p ita liz a tio n .............................................................$ 5 0 ,2 2 0 ,0 0 0
F IX E D CH AR G E S.
T h e fixed ch a rges are, 5% on the ca p ita liza tio n p rio r to
In co m e B on d s, as a b o v e ($ 3 0 ,2 2 0 ,0 0 0 )..................................... $ 1 ,5 1 1 ,0 0 0
G u ar D iv id e n d s uti s to ck s o f ro a d s leased fo r 101 yrs., v iz .:
S outh w’ u R R ., 332 m iles (no b o n d e d d e b t ) .. .$ 5 ,1 9 1 ,100
5 p. e. per annum. Payable Jan. 1 and July 1.
A u g. Sc Sav. R R .,5 3 m iles (no b on d ed d e b t ) .. 1,0 2 2,90 0
5 p. c. per annum. Payable Jan. 1 and July 1.
5 % gu a ra n te e d on to ta l o f . .
A n n u ity to C ity o f M a c o n .......
.................. $ 0,2 1 4 ,0 0 0 .
3 1 0 ,7 0 0
5 ,0 0 0
T o ta l fixed c h a r g e s ............................. - - ■ ............................... $ 1 ,8 2 6 ,7 0 0
S T E A M S H IP C O M P A N IE S .
T he Oeeau S team ship Co. is a se p a ra te c o r p o r a tio n w ith a
b o n d e d debt (F irst M o rtg a g e 5 p e r c e n t G old B onds.
In te re st J a n u a ry 1 and J u ly 1. D u e J u ly 1, 1920) o f . . . $ 1 ,000,000
2,000,000
C apital S to ck . ............................................. ................... .•-•■■•rThis S to ck is all o w n e d b y the C en tra l o f G eorgia R y. Co.
5 0 ,0 0 0
T h e b o n d in te re st o f the O cean S team sh ip C o . . . . . .........
is d ed u cted from th e In com e o f th e O cean S team sh ip
Co. p rio r t o a n y tra n s fe r o f p rofits t o th e C entral o f
G e o rg ia R ailw a y Co.
T h e New E n g la n d & S av a n n a h S tea m sh ip C o. is a se p a r
5 0 0 ,0 0 0
ate co r p o r a tio n , w ith a ca p ita l stock o f ..................... : .........
w h ich is all o w n e d b y th e C en tra l o f G e o rg ia R ailw a y
Co. T his C om p a n y has uo b o n d e d d ebt.
MJ’ M O R VNDUM < O M P A R A T IV E ST AT KM ENT OF O P E R A T IO N S ,
VS SH O W N B V S T A T E M E N T O F MESSRS. P A T T E R S O N
& C IR W IN .
Y ea r en d in g
Y ea r e n d in g Y ea r en d in g
J u n e 3 0, ’ 94. J u n e 30, ’ 95. J u n e 30, ’ 96.
5
,3 6 9,42 5 67
G ro ss e a r n i n g ..........................5 ,1 7 9 ,5 0 8 58 4 ,9 9 1 ,4 0 7 98
T o ta l O p era tin g E x p e n s e s .. .3 ,3 7 5 ,8 8 6 39
T u x e s ............................................. 1 5 4 ,4 7 4 39
3 ,2 2 5 ,9 9 7 16
154 ,47 4 19
3,4 5 0,49 8 19
1 58,989 25
T o ta l O per. E xp . and T a xes. .3 ,5 3 0 ,3 6 0 58
3,3 8 0,47 1 35
3,6 0 9,48 7 44
N et E a rn in g s from Operftt’ n .1 ,6 4 9 ,1 4 8 00
AiM itip? ’ u co m e.................... 3 4 1 ,9 0 8 51
1 .6 1 0,93 6 63
273 ,45 6 71
1,7 5 9,93 8 23
4 0 7 ,3 7 0 45
1 ,9 9 1,05 6 51
2 4 ,7 8 4 08
1 ,884,393 34
108,263 58
2,1 6 7,30 8 68
3 8 ,0 6 4 22
.1 ,9 6 6 ,2 7 2 4.3
1,7 7 6,12 9 7 6
2 ,1 2 9,24 4 46
D e d u ct d e ficit Ga. R R , le a s e .
N et In co m e , a p p lica b le
fixed ch arges, e t c ............
A v e ra g e m ilea ge c o v e re d by
a b o v e s ta te m e n ts ..................
G ross E arnings, p e r m ile ----N et E arn in g s p er m ile .............
1,41b m.
3 ,6 5 7 85
1,164 65
1,416 m.
1,454 m.
3 ,5 2 5 01
1 ,137 67
3 ,6 9 2 86
1,107 93
64-26 %
64-63 <
65-18 %
O per. E x p . to G ross E a r n ’ gs.
O p e ra tin g E x p e n se s
an d
67-22 %
67-73 <
T a x e s to G ross E a r n in g s ..
68 l b %
C O N D E N SE D B A L A N C E S H E E T A S O F JU N E 30, 1896.
A ss e t s .
$ 5 0 ,0 0 4 ,8 6 7 93
317 ,88 9 09
M a terial and S upplies on hand, inoiudiD g ra ils and tie s.
5 ,8 4 0 0 4
A d v a n ce In su ra n ce P r e m iu m s ...............................................
C u rren t A s sets:
............................................................................................ $52 1 ,6 3 8 67
C a s h 'll!’tra n sit from A g e n t s ...................................
^ ,6 4 3 a i
D u e fro m A g e n ts ......... ................... : .........; ........
; S' 3 rv7
D u e fro m U. S. P ost Office D e p a rtm e n t.............
i 0 A 0 7 99
Due. fro m In d iv id u a ls aud C om p a n ies......... 3 52 ,81 5 99
B ills R e c e iv a b le ...................................................
1’0 j 7 uu 1 ,0 0 4,86 8 6 2
R e c e iv e rs h ip A ssets, assum ed and In p rocess o f liq u id a
1 7 1 ,5 3 2 58
tion (per o o n tra , BIIIb P a y a b l e ) ............................
$ 51 ,5 0 4 ,9 9 8 2 6
1162
THE
CH RONICLE
LIABILITIES.
C a p ita l S to ck ................................................................................... $ 5 ,0 0 0 ,0 0 0
F u n d ed D e b t ..................................................................................... 4 5 ,2 2 0 ,0 0 0
3 2 4 ,0 0 0
I n te r e s t A ccru e d , n o t d u e ........................................................•7 9 ,8 7 5
Taxes
“
“
...........................................................
C u rre n t L ia b ilitie s :
In te re s t d u e and u n p a i d ....................
$ 8 9 ,2 0 8 33
E o n ta is d u e L e a sed L in e s .....................
1 5 5 ,3 5 0 0 0
A u d ite d V o u c h e r s ...........................................................1 7 3 ,5 1 5 09
P a y K o ll............................................................................... 1 4 8 ,68 1 7 6
D u e to I n d iv id u a ls an d C o m p a n ie s ......................... 8 1 ,9 8 1 38
6 4 8 ,7 3 6
1 7 1 ,5 3 2
B ills P a y a b le ..
6 0 ,8 5 3
P ro tlt a n d L o ss
oo
oo
00
56
56
58
56
$ 5 1 ,5 0 4 ,9 9 8 26
The Officers of the Company are : H. M. Comer, President;
John M. Egan, Vice-President; Lawton & Cunningham,
General Counsel; Seward, Guthrie & Steele, Counsel in
New York ; William Hawn, Auditor.
The Directors are : H. M. Comer, Patrick Walsh, U. B.
Harrold, E. P. Howell, J. F. Hanson, S. R. Jacques, Jos.
Hull, G. J. Mills, A. Vestberg, G. M. Williams, Charles
Steele, John M. Egan, G. G. Haven.
The transfer agent for the transfer of registered First
Mortgage and Consolidated Mortgage bonds is the Guar
anty Trust Co. of New York.
H. M. COMER,
President Central o f Georgia Ry. Co.
Savannah, Ga., December 7, 1896.
[Vol. LXIII,
January, 1897, coupons, for each Ohio Land & Railway Com
pany bond. In making the exchange o f this issue of 4 per
cent bonds for bonds issued tinder the Purchase Money
Mortgage of the Ohio Land & Railway Company, as above
stated, there will come under this new mortgage as collat
eral security all of the bonds and all of the capital stock of
the Ohio Land & Railway Company, which company holds
the control of about 10.959 acres of land situated in the
counties of Athens, Hocking and Perry, in the State of
Ohio, and which are in addition to the 10,000 acres of land
controlled by the Columbus Hocking Valley & Toledo Rail
way Company, through its ownership of all of the capital
stock of the Hocking Coal & Railroad Company, and for the
issue of $300,000 of Wellston & Jackson Belt Railway
Company first mortgage 6 per cent gold bonds with
February, 1897, coupons attached, at the rate of about
$1,400 of new general lien 4 per cent bonds carrying Janu
ary, 1897, coupons for each Wellston & Jackson Belt Rail
way Company bond ; $462,000 of the new general lien mort
gage 4 per cent bonds have been delivered to the railway
company for its general purposes, and the remainder,
$5,200,000, will from time to time be available for use, under
carefully guarded restrictions, for necessary and proper ini
provements, additions to and enlargement of the railway
system as may hereafter be necessary or expedient, all o'f
which will be added to and included within the pledge and
security ot the mortgage, it being understood that not more
than $400,000 o f the 4 per cent bonds shall be issued for such
purposes in each calendar year.
The committee recommended that the above described
$7,000,000 first mortgage 5 per cent gold coupon bonds of A fte r th e e x c h a n g e o f th e a b o v e -m e n tio n e d $ 2 ,3 3 8 ,0 0 0 o f
n e w b o n d s, th e in te re s t ch a r g e u p o n b o n d s p r io r t o th e
1945, Nos. 1 to 7,000 inclusive, and registered bonds for $1,000
n e w 4 p e r c e n t b o n d s w ill b e ..........................................................$ 1 ,0 3 1 ,0 3 0
and $5,000, into which said bonds may be converted; also the I n te r e s t o n $ 2 ,3 3 8 ,0 0 0 o t th e n e w b o n d s w ill b e ......................
9 3 ,5 2 0
$16,500,000 consolidated moi'tgage 5 per cent gold coupon
M a k in g a t o ta l fix e d ch a r g e f o r th e n e x t y e a r o f a b o u t ..........$ 1 ,1 2 4 ,5 5 0
bonds of 1945, Nos. 1 to 16,500 inclusive, and registered
N e t e a rn in g s f o r t h e 1 2 m o n th s e n d in g J u n e 3 0 ,1 8 9 6 . ..$ 1 ,4 2 9 ,1 1 7
bonds for $1,000 and $5,000, into which said bonds may be
Net earnings for the past six years, after payment of
converted, be admitted to the list.
operating expenses and taxes have been as follows (not in
Adopted by the Governing Committee Dec. 28, 1896.
cluding royalties received, nor earnings from the Wellston
Branch):
C O LU M B U S H O C K IN G VALLEY & TO LE DO
R A IL W A Y CO.
APPLICATION TO LIST GENERAL LIEN BONDS OF
1996 ON THE NEW YORK STOCK EXCHANGE.
1 8 9 0 .................................. $ 1 ,3 4 0 ,3 4 6 I 1 8 9 4 ..................................... $ 1 ,1 5 9 ,8 0 2
1 8 9 1 ................................. 1 ,4 5 5 ,9 2 0 | 1 8 9 5 ..................................... 1 ,1 0 9 ,6 5 5
1 8 9 2 ................................. 1 ,4 9 2 ,1 4 1 I
-----------------1 8 9 3 ............................................. 1 ,3 7 8 ,9 3 0 |
$ 7 ,9 3 6 ,8 0 0
A v e r a g e n e t e a r n in g s ..................................................................... $ 1 ,3 2 2 ,8 0 0
I n a d d itio n t o w h ich , s in ce th e a cq u is itio n o f t h e O h io L a n d
& R a ilw a y p ro p e rty , th e r o y a lt ie s (h e r e to fo r e a p p r o p r i
a ted fo r th e in te re s t o n tk o la n d b o n d s) h a v e a v e r a g e d
a n n u a lly ...................................................................................................
9 2 ,5 0 0
T hu s m a k in g th e a v e ra g e n e t in c o m e a v a ila b le ........................ $ 1 ,4 1 5 ,3 0 0
The other mortgage obligations o f the company are as
The Columbus Hocking Valley & Toledo Railway Company fo llo w s:
respectfully makes application to have admitted to the C olu m b u s & H o c k in g V a lle y R a ilr o a d 1 st m o r t g a g e 7 p e r
e n t b o n d s, d u e O c to b e r 1, 1 8 9 7 ................................................. $ 1 ,4 0 1 ,0 0 0
regular list $2,338,000 of the General Lien Four per Cent C oclu
m b u s & T o le d o R a ilr o a d 1 st m o r tg a g e 7 p e r ce n t
Gold Bonds, duly authorized by the board of directors and
b o n d s, d u e A u g u s t 1 ,1 9 0 5 ..............................................................
2 ,5 0 0 ,0 0 0
stockholders at their meetings held July 18, 1896, and Sep C olu m b u s & T o le d o R a ilro a d 2 d m o r tg a g e 7 p e r ce n t
......................................................
6 0 0 ,0 0 0
b
o
n
d
s,
due
S
e
p
te
m
b
e
r
1
,1
9
0
0
tember 8, 1896, respectively. Of the above, 852 bonds of
& W e st V ir g in ia R a ilw a y 1 st m o r t g a g e 7 p e r ce n t
$1,000 each, numbered as follows : 1 to 222 inclusive, 345 to O bbio
o n d s, d u e M a y 1, 1 9 1 0 ...................................................................
1 ,5 8 4 ,0 0 0
939 inclusive and 1,003 to 1,037 inclusive, secured by its gen C olu m b u s H o c k in g V a lle y & T o le d o R a ilw a y c o n s o lid a te d
m o r tg a g e 5 p e r c e n t b o n d s, d u e S e p te m b e r 1 ,1 9 3 1 ...........
8 ,0 0 0 ,0 0 0
eral lien mortgage, dated October 1, 1896, to the Guaranty
m bus' H o e k n g V a lle y & T o le d o R a iw a y g e n e ra l m o r t
Trust Company of New York, trustee, are in the hands of C olu
g a g e 6 p e r c e n t b o n d s, d u e J u n e 1 , 1 9 0 4 ................................
2 ,0 0 0 ,0 0 0
the public.
T
o
t
a
l.....................................................................................................
$
1
6 ,0 8 5 ,0 0 0
The company also respectfully requests that the balance
o f the $2,338,000 bonds be added to the list upon official
The company’s accounts have been verified during the
notice that the bonds have been issued.
past two years by Messrs. Barrow, W ade, Guthrie & Co.
The total authorized issue under said mortgage is $30,000,Principal office of the company, Columbus, Ohio. Trans
000 of bonds of the par value of $1,000 each, num bered from fer office, Atlantic Trust Company, 39 W illiam Street, New
1 to 30,000, dated October 1, 1896, and maturing July 1,1996, York. Registrar of transfers, the Third National Bank, 26
bearing interest at the rate o f 4 per cent per annum, pay Nassau Street, New York, Registrar of coupon bonds and
able January and July 1 of each year, at the office or agency financial agents, Samuel D. Davis & Company, 36 Wall
of the railway compa-ny in the City of New York, both prin Street, New York. Registrar of registered bonds, Guaranty
cipal and interest being payable in United States gold coin Trust Company of New York, 65 Cedar St., N. Y . Coupons
of the present standard of weight and fineness. Provision is paid at the office of the financial agents.
made for the registration of the principal of the coupon
The company begs to file herewith copy o f the min
bonds and also for the issuance of registered bonds in de utes of the directors’ and stockholders’ meetings, re
nominations of $5,000 each in lieu thereof, at the election of ferred to above ; also specimen bond ; trustee’s acceptance
the holders. These bonds carry coupons for the first fifty of the trust ; detailed statement of bonds issued and of those
years, at the expiration of which time, upon presentation of retired in lieu thereof ; also opinion of counsel as to the le
the bonds on or after July 1, 1946, the railway company will gality of the issue ; also six copies of the mortgage, one duly
attach thereto sheets of coupons representing the interest certified by the trustee.
instalments to become due after that date, proper indorse
Yours very truly,
ment therefor being made on the bond, as usual in similar
SAMUEL D. DAVIS, V i c e - R e s i d e n t .
issues.
The Committee recommended that $852,000 of the aboveThe mortgage is a lien on all the present and future ac described General Lien 100 year 4 per cent Gold Coupon
quired property of the company and a prior lien on all prop- Bonds o f 1996, Nos. 1 to 222 inclusive, 345 to 939 inclusive,
pertv to be acquired by the use of these bonds or their pro and 1,003 to 1,037 inclusive, and Registered Bonds for $5,000,
ceeds.
into which said Coupon Bonds may be converted, be ad
Of the aggregate authorized amount, bonds to the amount mitted to the list.
of $22,000,000 are to be reserved, under careful restrictions,
Adopted by the Governing Committee Dec. 23, 1896.
for the retirement and payment o f bonds issued or to be
issued under the existing mortgages upon the property of
the company, including equipment notes and car trusts ;
—Statements of the following national banks will be found
and so far as permitted by the existing mortgages of the in our advertising columns—Fourth, Gallatin, City, Conti
company, all bonds acquired or released through the appli nental. American Exchange, Market and Fulton, Mercantile,
cation of the reserved bonds, and until the satisfaction of Second and Chase. The statement of the Chemical National
the prior mortgages, are to be deposited with the trustee of will be found in our Q u o t a t i o n S u p p l e m e n t .
the new mortgage, an additional security for the bonds
—$390,000 city of Brooklyn, N. Y .. 4 per cent bonds, free
issued thereunder.
Of the remainder of this issue of bonds, about $2,338,000 from taxation, and maturing from 1920 to 1932, are advertised
are being exchanged for the issue of $1,475,000 Ohio Land & for sale by Messrs. Bertron & Storrs, 40 Wall Street.
Railway Company purchase money mortgage 20-year 6 per
— Messrs. Douglas & Jones offer for sale $10,000 first mort
cent gold bonds with January, 1897, coupons attached, at gage 5 per cent gold bonds to net over 7 per cent. Particulars
the rate of about $1,300 of new 4 per cent bonds carrying are given in their advertisement in another column.
N e w Y ork , D ecem ber 3, 1896.
D ecember 26, 189 .
3khe
THE
CHRONICLE.
1163
C O T T O N .
(C o m m e rc ia l
December 24, 1896.
as indioated by our telegrams
COMMERCIAL
EPITOME,
from the South to-night, is given below. For the six days end,
ing this evening the total receipts have reached 277,615 balesT h u r s d a y N i g h t , Dec. 24, 1896.
against 327,175 bales last week and 278,468 bales the previou s
The business situation has undergone no noteworthy week, making the total receipts since the 1st of Sept., 1896,
changes. The observance of the Christmas holiday on Fri 4,704,131 bales, against 3,368,342 bales for the same period o f
day practically closes the business week on Thursday, as all 1895, showing an inorease since Sept. 1,1896, of 1,335,789 bales.
the local Exchanges, both commercial and financial, adjourned
R eceipts at—
Sat.
M on.
Tues.
Wed. T k u rt.
F ri.
Total.
from to-night until Monday morning. The uneasiness G a lv e s t o n ......... 9,683 18,931 10,555 9,426 6,916
55,561
created by the action of the Senate Committee on Foreign
T e x . C ity , &o.
........
1,122
1,725
2 ,8 4 7
N
ew
O
r
le
a
n
s
...
18,122
19,761
23,186 16,9 96 12,389
Relations in reporting favorably on the Cuban independence
9 0 ,4 5 4
................
4
,1
9
5
3
,0
8
4
M
o
b
ile
2 ,2 6 0
920
1,566
12,025
resolution has been largely allayed by the assertion of the
F lo r id a ...............
...... . . . . . .
.....
6 ,6 7 7
6 ,6 7 7
Secretary of State that the power of recognition rests with S avannah ......... 8,443 5,113 10,759
4,373 4 ,5 9 1
33,2 79
the Executive. Several failures have occurred in banking
B ru n sw ’ k, &o.
...... . . . . . . . . . . . 4,327
......
4 ,327
circles at the West, but no especial uneasiness here has been C h a rle sto n ........ 2 ,9 3 0 4 ,889 1 ,344 2,430 4,758
1 6 ,4 0 1
a
5
F
t.
R
o
y
a
l,
<fcc.
6,372
.....
......
6 ,3 7 2
......
caused thereby. There has been a revival of the export de
W ilm in g to n . . . .
1,645
1,438
1 ,0 9 7
1,387
925
6 ,492
mand for wheat and an upward turn to values has resulted.
W aali’ to n , A c.
........
_
....
27
27
There has continued a quiet market for lard on the spot, as N o rfo lk ............... 3,665 6,443 9 ,568 6,059 3,176 w
2 8 ,9 1 1
neither the home trade nor shippers have been buyers, and as N e w p o rt N .,A o.
700
......
700
......
240
560
1,153
890
2 ,8 4 8
offerings have been moderate prices have weakened slightly, '(e w Y o r k .........
B
o
s
t
o
n
...............
1,114
633
1 ,229
5 ,908
1,435
1,447
closing at 4 05c. for prime Western, 3‘62Wc. for prime City
1,628
1 ,6 2 8
and 4'40c. for refined for the Continent. No trading has been B a ltim o r e ......... . . . . . . . . . . . . . . . . . .
1,052
228
169
90
1,619
3 ,1 5 8
reported in the local market for lard futures, and at the West P hilad elp h’ a.& c
the speculation has been quiet and changes in values have T o t ’ls th is w e e k 5 1 ,9 5 4 60,365 62,447 4 2 ,6 6 6 60,1 83
2 7 7 ,0 1 5
been unimportant. The close was steady.
The following table shows the six day’s total receipts, the
DAILY OLOSnrO PRICES OF LARD FUTURES
total since Sept. 1, 1896, and the stook to-night, and the
Mai.
Mon.
Tuts.
Wed. 1 Kur.
pr\ .
same iterm for the corro-sp inding periods of last Tear.________
D e c e m b e r ......................... C. 4 -1 0
4 ‘05
4 '0 5
4-05
4-05 H .
Stock.
1 896.
1895.
Pork closed in fairly good export at steady prices at $8 25@
R eceipts to
|8 75 for mess, $10@$10 75 for family and $9 25^$10 25 for
S ince Sep.
S ince Sep.
Thu
This
D ec. 24.
1896.
1895.
short clear. The demand for cut meats has been quiet, but
Week.
1 ,1 8 9 6 .
W eek. 1, 1 895.
prices have been without change and fairly steady, closing
6 5 2 ,54 4
G a lv e s t o n ... 55,561 1,0 1 0,82 4 4 4 ,3 8 3
1 95 ,00 6
155,218
at 4Vj fl e'c. for pickled bellies, 12<a 10 lbs average,
15,822
6 ,6 8 4
T e x . C ., Ao.
2 ,847
6 5 ,5 9 0
8 ,049
57,948
for pickled shoulders and 8@8?^o. for pickled hams.
Beef has been in fair demand and firm, closing at N ew O rleans 9 0 ,4 5 4 1,4 1 2,28 6 84,2 80 1,127,301 4 6 0 ,4 8 4 4 2 0 ,4 6 1
31,1 48
4 8 ,9 4 3
$7i3$8 for mess, $9(<|$9 50 for packet, $9@$10 50 for M o b ile .......... 12,025 1 8 9 ,6 8 4 8 ,4 2 7 127,161
4 5,6 67
18,856
6 ,6 7 7
3 ,9 2 7
family and $13 50(3$!4 50 for extra India mess. Beef hams F lo r id a .........
9 0 ,7 0 0
have been unchanged, closing at $18<0$18 50. Tallow has S a v a n n a h . . . 33,2 79 5 99 ,47 5 20,458 5 0 3 ,5 6 7 131,017
7 ,8 9 4
1 10,206
4 ,767
82,7 39
B r’ w lok, Ae
4,327
15,1 26
had a limited call and has sold at slightly higher prices,
55,6 28
closing firm at 3 5-16c. bid. Oleo stearine has been un C h a r le s to n .. 16,401 3 05 ,95 5 10,476 2 07,421
55,0 22
38,6 38
3 7 ,6 0 4
changed and steady at 4>|c Lird stearine has been quiet
80
P. R o y a l, A c
6 ,3 7 2
21,742
but steady at 4?iri|4t£c. Cottonseed oil has, sold slowly but W ilm in g ton . 6 ,4 9 2 201 ,99 9 4 ,7 1 3 134,069
13,481
values have held steady, closing at 20c. for prime crude and
631
636
W asli’ n.Ao.
27
46
55,3 72
23c. for prime yellow Butter has been quiet, closing at 14@ N o r f o lk ........ 23,9 11 538 ,25 2 13,208 181,292
5; ,650
22c for creamery. Cheese has been unchanged and steady N ’ p o rtN .,A o .
13,589
3 ,623
11,0 76 11,537
128 ,23 7
700
at 7^<S10‘ £c. for State factory, full cream. Fresh eggs have N ew Y o r k ...
2 8 2 ,04 4
1 9 8 ,19 5
30,6 24
3 ,1 7 5
17,2 26
2,848
advanced, closing steady at 23c. for choice Western.
36,0 00
3 5 ,0 0 0
51,2 97
92,0 73
4 ,1 7 6
B o sto n ...........
5,908
A moderate business has been transacted in the Brazil B a ltim o r e . . .
2 6 ,8 8 6
23,8 56
963
17,9 40
1,628
28,2 15
growths of coffee at steady values, closing unchanged at 10c. P hllad el., Ao. 3,158
9 ,9 2 3
22,5 04
9 ,8 6 7
1,279
22,9 36
for Rio No. 7. The demand for the mild grades has been
1
.1
3
7,57
8
1
,336,803
223
,94
9
3
,3
6
8,34
2
4
,7
0
4,13
1
T o t a l s ........ 2 7 7 ,61 5
fairly large at steady values, closing at
for good
Cucuta and
for standard Java. There has been
In order that comparison may be made with other years, we
a quiet market for contracts, but values have improved give below the totals at leading ports for six season*.________
slightly. At the close the trading was fairly active and prices
1 892.
1891.
1893.
1894.
1895.
advanced, stronger foreign advices stimulating a demand R teeip ti a t— 1 896.
from “ shorts” to cover contracts.
2 7 ,5 2 7
2 4 ,3 8 4
43,0 26
5 2,4 32
7 0,0 02
58,409
G a lves’ n &o,
The following were the closing prices:
9 0 ,8 5 2
75,7 10
9 7 ,5 6 3
9 0 ,4 5 4
84,2 90 1 00,937
N ew O rleans
T h u r s d a y N ig h t ,
T h e Mo v e m e n t
...
F e b ............... . . .
........ 9*70o. i1J u n e ......... ........ 9-7009*70e. J u l y ___ _ ........ 9*75o<
I A u g ...........
.........
9 e.*so. i
9-650. 1M e t ..........
of the
M o b ile ..........
S a v a n n a h ...
Oh as’ to n , A o
W llm 'ton ,A o
N o r f o lk ........
N. N ew s, Ao.
a ll o t h e r s ...
12,0 25
33,2 79
22,7 73
6 ,519
28,911
7 00
2 4,5 46
New York......
6.428
7.939
308
537
Cro p,
8 ,4 2 7
20,458
10,5 56
4 ,7 5 9
13,208
11,537
18,292
13,521
3 1,1 54
2 1 ,3 1 4
6,840
16,3 93
13,4 17
3 9 ,2 1 9
11,598
3 6,2 21
1 5 ,9 5 3
6 ,0 8 4
2 2 ,0 4 3
13,9 69
13,683
10,6 39
16,629
3 ,7 8 0
3,076
4 ,2 4 9
7,197
2 0 ,2 7 9
11,4 23
1 9 ,0 4 0
12,6 16
1,744
15,6 37
1 1 ,8 8 6
2 3 ,8 9 0
Raw sugars were dull early in the week, but at the close a
fair business was transacted at a decline of l-16c. in prices,
closing with sales at 3 3-16c. for centrifugals, 96 deg. test,
and 2 13-ltc. for muscovado, 89 deg. test. Refined sugars
have sold slowly but prices have been unchanged, closing at
4i,'c. for granulated. Tea has been quiet but steady. Other ro t. th is wk. 2 77 ,61 5 2 23,949 3 12,797 2 6 0 ,1 4 0 165 ,94 3 2 1 4 ,6 5 0
staple groceries have been unchanged and steady.
4 8 1 4 ,2 5 5
The demand for Kentucky tobacco has been quiet, but Since 9 c t ‘.. . * 7 0 4 ,1 3 1 3 3 6 8 ,3 4 2 513 6 ,0 9 8 4 157,260 3 5 6 5 ,8 0 0
The exports for the six days ending this evening reach a total
values have held firm, especially for the choice grades. Seed
leaf tobacco has been in moderate request and steady. Sales ef 222,800 bales, of which 129,090 were to Great Britain, 40,645
for the week were 2,525 cases, as follows: 1,000 cases 1895 to France and 53,065 to the rest of the Continent. Below are
crop, Zimmer’s, 10h£<ai4}£c.; 425 cases 1895 crop, New England the exports for the six davs and since September 1, 1896.
Havana, 15(030c.; 200 cases 1893 crop. Pennsylvania Havana,
From Sept 1, 1896, to Dec. 24,1896.
Week Ending Dec. 24,1896.
Exported to—
Exported to—
lg i'c .; 300 cases 1894 crop, Pennsylvania Havana, 1 0 @ llc.;
Exports
Conti
100 cases 1893 crop, Pennsylvania seed leaf, 9}£@10c.; 150
Great
Great
Conti Total
from —
Total.
France nent.
case* 1895 crop, Pennsylvania Havana, 9 @ llc., and 350 cases
Brit'n. France nent. Week. Britain.
1895 crop, State Havana, 101^(314}«c.; also 3,800 bales Hav
34.433 6,636 16,663 57,735 605,303 120,868 170,608 798,799
12,032
ana at 60c. to $1 00 in bond and 250 bales Sumatra at 60c. to Tox. City, &o..
12,03?
204
204
$1 75 in bond.
New Orleans.. 24,164 27,632 17,350 09.146 460,759 232,307 276.340 908,465
87,848
7,927
79,921
12,977
The demand for Straits tin has been quiet but prices have
33,352
4,122
29,230
6,000
advanced in response to stronger foreign advices, closing at Florida.......... (1,000
251,697
15,341
204,834
31,522
8,191 8,191
13c. I n g o t copper has had only a limited call, but has held
52,090
3,805
48,231
sU-adv, closing at l l -87W@ll'50c. Lead has been firm but Brunswick. ...
123,322 192,105
68,783
8,618 18.286
quiet, closing at 3'aj3-U5c. for domestic. No changes have Charleston.. 11,668
38,999
36,999
6,172
occurred in spelter, c lo sin g quiet at 4'12^@4'25c. for domestic. Port Royal — 8,172
87371 182,802
95,431
1,000 11,323
W ilm ington... 10,323
Pig iron ha* been quiet and easy, closing at $U@13 for do
20,300 134,55*
100 13,438 109,053 5,200
8,138 6,200
mentic.
. . . .
„
.
.,,
Refined petroleum has been dull, closing at 6'25c. in bbls.,
3 75- in bulk and 7c. in cases; naphtha dull at 6%c. Crude
c e r t i f i c a t e s have t»een neglected. Credit balances have de
clined to 93c Spirits turpentine has been firm but quiet at
261jc.0 2 7 1<c. Rosins have been quiet and easier, clo-ing at
$1 75(3$l 7 f 'j for common and good strained. W ool has
been flat a n d largely nominal in values. Hops have been
quiet but steady.
Philadelphia..
fl. Fran.. A c....
1,177
1,243
8,848
7.939
30«
537
1.696
4,350
132,424 10,740
101,974
41,858 3,652
6,053
93
80,159
1,204
27,694
249
14,611
4,350
223,323
103,178
73.204
5,3)2
1,690
129.090 40,645 53,065 222,800 1,760,983 388,188 1,034.138 3,173,309
841.74412,074,801
Total. 1895.... 40.352 7.211 74.740 122,312 901,936 271.621
1 T o t a l ........
THE
1164
CHRONICLE.
In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
caleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—
D ec. 2 4 at—
N ew O r le a n s ...
G a lv e s to n .........
■O harleston. . . .
M o b i l e ........... ..
N o r f o l k .............
N e w Y o r k .........
O th er p o r t a ... .
Other
Great
B rita in . F ra n ce. F o reig n
3 0 ,6 4 0
34,9 18
1 ,0 0 0
11,4 00
2 5 .0 0 0
2 8 .0 0 0
5 ,0 0 0
2 3 ,0 0 0
T o ta l 1 8 9 6 ... 158 ,95 8
9 8 ,3 6 4
T o ta l 1 8 9 5 ...
T o ta l 1 8 9 4 ... 2 3 8 ,2 3 5
L ea n in g
stock.
Coast
wise.
Total.
1 ,8 1 0
7 ,6 5 4
3 ,0 0 0
300
N one.
3 ,7 0 0
N on e.
N on e.
64,9 23
7 4 ,1 0 5
1 4 .0 0 0
2 3 .0 0 0
3 3 .0 0 0
4 3 ,5 0 0
9 ,1 0 0
4 7 .0 0 0
3 9 5 ,5 6 1
1 2 0 ,9 0 1
1 1 7 ,0 1 7
3 2 ,0 2 2
1 5 ,9 4 3
1 2 ,1 5 0
2 7 2 ,9 4 4
6 1 ,6 3 7
21,6 16 111 ,56 0 16,4 64
3 0 8 ,6 2 8
1 ,0 2 8 ,1 7 5
3,443
15,703
N one.
N one.
N one.
1 ,800
700
N one.
2 9 ,0 3 0
1 5 ,8 3 0
10,0 00
11,3 00
8 ,0 0 0
10,0 00
3 ,4 0 0
2 4 ,0 0 0
19,9 19
6 2 ,7 0 2 15,2 16
5 5 .3 0 6 126,878 15,8 04
Speculation in cotton for future delivery has been quiet.
Prices have fluctuated within narrow limits and the changes
for the week have been slight. Early in the week, Saturday
and Monday, there was an easier turn to the market, prices
for the two days showing a decline o f 5 to 8 points under
moderate offerings, prompted by estimates of a large crop
movement for the week and heavy port receipts. Tuesday,
however, there was a firmer market, prices for the day
showing an advance of 6 to 8 points, as there was a
demand from shorts to cover their contraets over the holi
days. Foreign advices were firmer and this also had
strengthening influence upon the market. Wednesday there
was a further gain of 3 to 5 points in values, as foreign ad
vices were again stronger, and there was continued buying
by shorts to cover their contracts. To-day the market opened
slightly easier on disappointing foreign advices, then rallied
and advanced 5 to 6 points on advices from a few interior
points reporting decreased receipts. Subsequently, however,
estimates of a continued full movement of the crop to the
ports next week caused an easier feeling and most of the im
provement was lost. The close was steady at unchanged
prices to 1 point advance for the day. Cotton on the spot
has been quiet and prices were lowered l-16c. on Monday.
To-day the market was quiet and unchanged. Middling uplands'closed at 7i{o.
The total sales for forward delivery for the week are
545.400 bales. For immediate delivery the total sales foot
up this week 3,430 bales, including 100 for export, 680
for consum ption,— - f o r speculation and 3,700 on contract.
The following are the official quotations for each day o f the
past week—December 19 to December 25,
Bates on and off middling, as established Nov. 22, 1893,
and revised Dec. 11,1895, by the Revision Committee at which
grades other than middling may be delivered on contract:
0 .1 ^
78
____________ _______ „ ____
_
G o o d M id d lin g.................. . 6 ,B
3 l(i
on. G o o d O r d in a r y ................ o. 1
off.
on. G o o d M id d lin g T i n g e d . ..
E v en .
on. S tr ic t M id d lin g S t a i n e d .. 73;J oil.
on.. M id d lin g S ta in e d ................ %
on
oil.
ott. S triot L o w M id. S t a in e d .. 2os9 08.
off. L o w M id d lin g S t a i n e d .. ..
off.
off.
On this basis the prices fo ra few of the grades would be as
follows.
U PLAN D S.
1S a t.
G o o d O rd in a ry .......................
L o w Middling-.......................... : : : :
M id d lin g ...................................
■Good M id d lin g........................
M id d lin g F a ir.......................... ----GULF.
G o o d O rd in a ry ....................... . . . .
L o w M id d lin g .........................
::::
G o o d M id d lin g........................ . . . .
M id d lin g F a ir..........................
S T A IN E D .
d lo n C u e s
W ed
6ks
6%
7 is
77le
8L e
6 is
6%
7hi
7716
8
6k!
63i
7%
77m
8
63*
7^8
7^16
8
S
0
S a t.
IttOIl T u e s
W ed
T il.
F r i.
63g
7
7%
63s
7
73s
ft? .
6 7 ,6
7%
86,6
|S a t .
L o w M id d lin g..........................
M id d lin g ................................... . . . .
•Strict M id d lin g ...................... . . . .
G o o d M id d lin g T in g e d . . . .
6 3s
7
7%
7 >
8%
6-7s
7
7%
7H lfl
814
H on Tues
51616 578
613m 6%
6 3132 8a»3v
7 hi
o4
! ‘ 16
8
W ed
2 i ! 16
T il.
>>
03
TS
O
a
fiat’ d a y .
M on da y .
T u e sd a y
W ed ’ day
T li’ d a y ..
F r id a y ..
Q u ie t ...................
Q u iet a t I iq d ec.
Q u iet A s te a d y .
S te a d y .................
Q u ie t ...................
i 'o o
......................
T o t a l . .-.1................................
100
b S -' j
s-g-10*
i S fI
5 78
H o li
6%
633,2 day.
718
S a les o f
F u tu res.
C on
tract.
T ot*l.
483
85
41
51
1 ,3 0 0
200
1 ,200
483
1,385
241
1,251
100
8 6 ,8 0 0
1 5 3 .8 0 0
1 0 9 .8 0 0
1 2 7 ,5 0 0
6 7 ,5 0 0
660
2 ,7 0 0
3 ,4 6 0
5 45 ,40 0
00
s
i
i2 S f
Sm ?»
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F r i,
SALES OF SPOT AND CONTRACT.
Oon- Snets u m p . ul'Vn
gtt
|g®
COto
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how tne market closed on
same d a y s .
E x
p o rt.
©g
5
“ •6©O
B
F r l.
T il.
M ARKET AND SALES.
SPOT MARKET
CLOSED.
H
^®
H
©
msi®
m
s® P
II
Is
II
I' ■
? <
O *
% II
I«
II
II
1 1
1
<
0?
1s: ®
nil
1
II
^
9®
2
©
«
;
•?i
0 1
1©
1 1
◄
CP?
®
7*0<
2 00
57S
6%
6*-3!
7>s
II
7-0'
4 00
578
est
«?*»»
7%
T he Sales and P rices of F utures at New York, are
shown in the following comprehensive table.
9 4 1 ,3 7 7
8 6 8 ,2 8 0
196,201
4 3 6 ,2 2 3
[V o l . LX III.
P>
i.
1 1
cp;
1s : ®
II I
:
* In o lu d e s sales in S e p te m b e r, f o r Se >tem »er. L5.100: S ep tem b er
O c to b e r, f o r O c to b e r , 3 3 1 ,8 0 0 ; S e p te m b e r-N o v o m b e r, f o r N o v e m b e r,
3 7 2 ,0 0 0 .
We h a v e in c lu d e d in th e a b o v e ta b le , a n d sh a ll c o n tin u e e a c h
week to g iv e , th e a v e ra g e p rice o f fu tu re s ea ch d a y f o r e a ch m o n th . 11
w ill be fo u n d u n d e r e a ch d a y fo llo w in g th e a b b re v ia tio n " A v ’ g e .” T h e
a v e r a g e fo r e a o h m on th f o r th e w e e k is a lso g iv e n a t b o tt o m o f ta b le .
|3g” For exchanges see page 1167.
T he Y isible S u pply of C otton to-night,as made up b y cabl e
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns
and consequently all the European figures are brought down
to Wednesday evening. But to make the totals the complete
figures for to-night (Dec. 24), we add the item of exports from
the United States, including in it the exports of Thursday
only.
THE
D ecember 30, 1896.]
CHRONICLE
1896.
1 89 5 .
1 89 4 .
1893.
9 1 2 ,0 0 0 11,000,000 I.,1 7 0 ,0 0 0 1 ,2 8 2 ,0 0 0
7 .0 0 0
5 ,0 0 0
7 ,0 0 0
6 ,0 0 0
9 1 9 ,0 0 0 1 .005,000 1.,1 7 7 ,0 0 0 1,2 8 8 ,0 00
1 7 ,0 0 0
2 1 ,0 0 0
2 1 ,0 0 0
12,000
117 ,00 0
2 07 ,00 0
2 3 2 ,0 0 0
196 .00 0
A m sterd a m .
6 ,0 0 0
8 .0 0 0
12,0 00
15,000
R otterd a m ..
200
200
200
300
A n t w e r p ____
9 ,0 0 0
16.000
12,000
13,000
, 1 7 9 ,00 0
2 9 3 .0 0 0
•142,000 387 ,00 0
M a rs e ille s ....................
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
4,000
B a r c e lo n a ........
4 9 ,0 0 0
6 1 ,0 0 0
6 0 ,0 0 0
48,0 00
G e n o a ................
3 8 ,0 0 0
3 6 ,0 0 0
16,0 00
8,000
T r ie s te ...............
14,0 00
16.000
1 6,0 00
20,0 00
• 4 6 1 ,2 0 0 6 6 3 ,2 0 0
8 1 6 ,2 0 0
7 0 3 ,3 0 0
S to ck a t L i v e r p o o l . . . . .b a le s ..
't o c k a t L o n d o n .............. .
T o t a l G r e a t B rita in s to c k ..
,
- took a t H a m b u r g .. ..—■
S to ck a t
S to ck a t
S tock a t
S to ck
S to c k
B lo c k
S to ck
at
at
at
at
In d ia c o t t o n afloat f o r E u rop e
11,000
7 3 ,0 0 0
1 2 ,0 0 0
54,000
A m e r .co tto n a floa t fo r E u rop e 7 3 0 ,0 0 0 5 1 6 ,0 0 0
7 8 5 ,0 0 0
6 7 5 ,0 0 0
Egypt.BrazU.AEC.,a?lt.for E*pe
4 3 .0 0 0
8 2 .0 0 0
5 1 ,0 0 0
6 6,0 00
S to ck in U nited S ta tes porta . 1 ,3 3 6,80 3 1 ,137,578 1 ,3 0 4 ,5 0 3 1,3 1 9,35 1
S to ck in U. 8. In terior tow n s..
5 80 ,74 8 5 9 6 ,8 2 2
6 0 9 ,0 0 1 4 92.430
U n ited S ta tes e x p o r ts to -d a y .
6 1 ,2 2 4
1 8 ,7 1 4
7 2 ,0 4 4
15,921
T o t a l v is ib le s u o p ly ........... 4 ,1 7 8 ,9 7 5 4 ,0 9 2 ,3 1 4 4 ,8 2 6 ,7 5 1 4 ,6 1 4 ,0 0 2
C 1 th e a b o v e , tota ls or A m erica n a n d o th e r d e s c rip tio n s a re as fo llo w s :
A m er ica n —
L iv e rp o o l s to c k ...............b a le s . 7 6 8 .0 0 0
8 5 0 ,0 0 0 1 ,0 2 7 .0 0 0 1 ,0 6 6 ,0 0 0
C on tin en tal s t o c k s ....................
3 8 6 ,0 0 0 5 9 8 ,0 0 0 6 9 7 .0 0 0 6 0 2 ,0 0 0
A m erican afloat fo r E u r o p e ..
7 3 0 ,0 0 0 5 1 6 ,0 0 0 7 8 5 ,0 0 0
6 7 5 ,0 0 0
U nited S ta tes s t o c k ................... 1 ,3 3 6 ,*0 3 1 ,1 3 7,57 8 1,3 0 1,50 3 1,3 1 9,35 1
U nited S tates lu terior s to c k s .
5 8 0 ,7 4 8 5 9 6 ,8 2 2
6 0 9 ,0 0 4 4 9 2 ,4 3 0
U nited S ta tes e x p o r ts t o -d a y .
6 1 ,2 2 4
18,714
7 2 ,0 4 4
15,921
T o t a l A m e r ic a n .................... 3 ,8 6 2 ,7 7 3 3 ,7 1 7 ,1 1 4 4 ,4 9 4,55 1 4 /1 7 0 ,7 0 2
S cu t In d ia n , B ra zil, rfc.—
L iv e r p o o l s t o c k . . . . ...................
14 4,000
1 50 .00 0
1 4 3 ,0 0 0
2 1 6 ,0 0 0
L o n d o n s to c k ...............................
7 ,0 0 0
5 ,0 0 0
7 ,0 0 0
6,000
7 8 .2 0 0
C o n tin e n ta l s to c k s ....................
6 5,2 00
119 ,20 0
101 ,30 0
In d ia a flo a t Tor E u ro p e . ........
44.0 00
7 3 .0 0 0
12,0 00
51.0 00
8 2 .0 0 0
E g y p t, B razil, A c., a flo a t........
4 3 ,0 0 0
5 1 ,0 0 0
66.000
T o ta l E ast Ind ia, A o .........
3 1 6 ,2 0 0 3 7 5 ,2 0 0
3 3 2 ,2 0 0 4 4 3 ,3 0 0
T o ta l A m e r ic a n .
........... 3 ,8 6 2 .7 7 5 3 ,7 1 7 ,1 1 4 4 ,4 9 4 ,5 5 1 4 ,1 7 0 ,7 0 2
T o ta l v is ib le s u p p l y ..........4 ,1 7 8 ,9 7 5 4 ,0 9 2 ,3 1 4 4 ,8 2 6 ,7 5 1 4 ,6 1 4,00 2
M id d lin g U p la n d , L iv e r p o o l..
4>*id.
31„d.
4**d.
_ 41*dM id d lin g U p la n d , N ew Y o r k .
7 “go.
8*40.
7i:ti«c.
5*1.go.
E g y p t G ood B row n , L iv erp ool
5H,gd.
6&i6d.
530.1,
4iad.
P e ru v .R n u g b G o o d , L iv erp ool
6',gd.
67,*.d.
6d.
57,«d.
4Hid.
B ro a ch F ine, L iv e r p o o l...........
33l3,d.
33„d.
4&l6d
T tn n e v e liy G o o d , L iv e r p o o l..
43gd.
33, gd.
4d.
4&10d‘
Q u o t a t io n s
1165
fob
M id d l in g C o t t o n
at
O t h e r M a r k e t s .— -
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
luostso qu >rvrniss fob uidolino cotton ox—
Dec. 24.
S atur.
G a lv e s t o n . .
New O rleans
M o b ile .........
8 a v a n n a h ...
C h a rle sto n ..
W ilm ington .
N o r fo lk ........
B o s to n .........
B a ltim o r e . .
Philadelphia
4 n «u s ta .......
M em phis___
St. L o u is ___
I o n s t o n ___
C in cin n a ti..
L o u is v ille ...
61310
6^3
61$
SSg
63,
73,8
7*16
G\
611,8
61h 6
H5j
6 ‘s
6 iojB
M on.
Tues.
6
6%
6%
6 34
69,6
OHj
G1^
6*3
6 34
7 *8
7*s
733
6 34
6*1,8
SI'*,,)
6 34
6 78
6 7g
61*3
G1^
69,g
6%
73,0
7*«
7%
6 34
6 u ig
613,e
6 78
G7s
6 °|6
Wedne8.
Ih u r s.
634
6*4
6=8
F r i.
634
6%
658
6 Hj
6H3
63±
7*8
7*8
733
67,0
6%
7*8
7*8
7*8
613,8
6%
634
61*16
6%
6 '8
6 78
>>
a
6%
65j
6%
R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
dually reaches the market through the outports.
Week
B riding—
Nov.
“
Dec.
“
••
*'
20. ...
27......
4......
11......
18......
24
Receipts at the Ports. St'k at Interior Towns. Rec’pts from Plant’n*.
1896.
1805. | 1894.
1896.
1895.
1894.
1896.
1895.
1894.
315,717
313,526
265,902
278.^58
327,175
277,615
212.429 351,942
199,533 j365,220
227,0011351,451
234,059 363,136
222.783 359,698
223.949 812.797
502,481
530.031
558.918
568,782
675,781
580.748
471,914
494,115
532,683
556,372
585,332
596 822
408,4c 8
443,014
484.026
501,606
568,829
609.004
359,915
341,073
294,789
288,332
334,174
282,582
233,317
221,737
206,571
257,743
251,743
235.439
358,101
399,796
392,460
380,719
420,921
352,972
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1896, are 5,161,285 bales; in
1895 were 8,933,464 bales; in 1894 were 5,087,767 bales.
2. —That although the receipts at the outports the past week
were 277.615 bales, theaotual movement from plantations was
282,582 bales, the balance going to increase the stocks at
theinterior towns. Last year the receipts from the plantations
for the week were 235,439 bales and for 1894 they were
352.971 bales.
» - T h « . imports into Continental ports the past week have
b*»n 129,000 bales.
The above figures indicate tn increase in the cotton in sight
to-night o f 86,6 61 bales as compared with the same datr
of 1K95, a f a i l i n g o f f of 647.776 bales from t ie corresponding
date o f 1894 and a decrease of 455,027 bales from 1893.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S i n c e S e p t . 1 .—
A T t h e I n t e r i o r T o w n s the movement—that is the reoeipts
for the week and since September i, the shipments f o r the We give below a statement showing the overland movement
week and the stocks to-night, and the same items for the fot ins week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
oorrerponding period of 1895—is set out in detail below.
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the six days ending
Dec. 24 and since Sept. 1 in the last two years are as follows.
1896.
D ecem ber 24
Week.
Shipped—
Via St. L o u i e ................................
C S « *■ i
0B
—
W
>•» —— C -* -* -Xi*
•
,2.*ZO-4?i*~p?.................|
•—V. *i
'** X -
' **
......
5*3
_
x V t o to Mrs aV
—w
x — £ ? : s x. 10 -4 —- j *- C -J -j — — a
-iS'l'li^SOClSSOfrMOXtv^OD'uT-ifse.
X
>.i to
0 3 .r .C T g i» :r .^ c c x
0 r — iamm s ••co:.. c.tocore
—»oo -4
: x •- •' oa z - s * v c •-50
•
c -C ‘ J?MtC£K ®
ou* o o : » w s ’* o
—
S ince
Sept. 1.
24,108
11,128
479
6,273
5 ,773
2,448
5 ,0 9 6
4,667
1,948
3 27,451
1 4 9 ,95 6
11,9 19
28
82,7 05
4 4 ,4 9 6
3 7 ,9 8 2
T o ta l tfross o v e r la n d ...............
Deduct sh ipm en ts—
O verla n d to N. Y ., b o s to n , A c .
B etw een in te rio r to w n s .............
In la n d , A c., fro m S ou th ..............
45,281
707,734
47,426
6 54 ,53 7
13,542
28
1,512
173.848
2,064
19,313
9 ,598
10
768
1 0 8 ,96 7
2,202
24,028
T otal to b e d e d u c t e d ...............
15.082
195 ,22 5
10,376
135,197
512,509
l e a v in g tota l net* o v e r la n d * .. 3 0.1 99
in clu d in g m o v e m e n t b y ra il to C anada.
37,0 50
5 1 9 ,34 0
E v a n s v ille ..............................
L o u is v ille ................................
C in cin n a ti..............................
o th e r ro u te s , A c ...................
19.246
11,490
51
c5^
o*
Qo
gsf
__s
1895.
I n Sight and S pinn ers’
Takings.
|? 5
Week
Since
Sept. 1
Week.
Since
Sept. 1.
R eceip ts at p o rts to D e c. *24......... 277.615 4,704,131 223,949 3,3 6 8,34 2
5 19 ,34 0
512,509 37,050
30,199
Net ove rla n d to Dec. 2 4 ................
3 4 4 ,0 0 0
339 ,00 0 22,0 00
Southern co n su m p tio n to D ec. 2-1 20,000
T o ta l m a r k e t e d .........................
fn te rlo r s to ck s in e x c e s s .............
3 27.814 5 ,5 5 5,61 0 282,999 4,2 3 1,68 2
460,154 11,490 5 64 ,12 2
4,967
294,489
C am e in to sigh t d u rin g w eek. 332.781
4,7 9 5,80 4
6,015,794
T o ta l in sig h t D ec. 2 4 . ...........
North’ n s p in n e rs tnk’ gs to Dec. 24
* •i-co-.';
Week.
The f-_ going shows that the six day's net overland move
ment this year has been 3 \ 199 bales, against 37,050 bales for the
week in 1895, and that for the season to date the aggregate net
o v e r l a n d exhibits a decrease from a year ago of 0.831 bales.
9U9
* C 0 » 3 0 0 -a ;
'« j - . t: 0 : » » 5 H 5 U 5 » 5 » * 5 3
3IS33CKI3UO
S i l l s ? - r J i l s S S I S I S --------- : * ; : c 3 x o c » o
-I
1895.
313,705
166,063
8.087
502
85,018
76,675
57,684
Via
Via
Via
Via
- — K “* W
x x ~ r. —
X : ~ —r. x x x 2
-■^
. 0w.--553-i.s»i;c;*iW
5 iT /rtcci^cr^i-O
co
-------»iSC
C -'i-M s a s V fc 'w O -ia o
Since
Sept. 1.
63.418
901 639
75,6 52
9 3 8 ,4 0 3
It will be seen by the above that, there has come into sight
during the six days 332,781 bales, against 294,489 bales for the
1MI v ' r *
V z Vo 4- ■?—c - - - - < - x-i
yi i J__
same week of 1895, and that the increase in amount in sight
* T m s y e a r 's figu res estim ated .
to-night as compared with last year is 1,219.990 bales.
} I mm% y e a r 's figu res a re fo r N ew b erry , S. C.
W e a t h e r R e p o r t s b y T e l e g r a p h .— Our telegraphic a d
The above totals show that the interior stocks have increased
during the week 4 9*17 rmb-s and are now 16,074 bales less vices from the South to-night indicate that the weather has
than at same perio I last ye ir. The receipts at all the tow rs been generally fa vorable the past week for the marketing of the
have been 28.6! 3 b d-s more than same waeklast year and since
1 they are *1 1 • bit ■>more than for same time in 1895. crop. Wh. re rain has fall n the pr cipitation has been light
THE
Ilb 6
( H R O N I LE.
but at many points dry weather has prevailed. The tempera
ture has been a little lower.
Charleston, South Carolina.—We have had rain on two
days during the week, the precipitation being one hundredth
of an inch. The thermometer has averaged 50, the highest
being 06 and the lowest 88.
Galveston, Texas.—The weather has been very favorable
for farm work the past week, but ground is too dry in many
localities, delaying fall plowing greatly. Rain is badly
needed for all fall crops. We have had rain on two days of the
week, the rainfall reaching seventeen hundredths of an inch.
The thermometer has averaged 56, the highest being 73 and
the lowest 40.
Palestine, Texas.—Rain would be beneficial. The weather
has been dry all the week. The thermometer has averaged
56, ranging from 81 to 86.
Huntsville, Texas.—The weather has favored farm work the
past week. There has been no rain. The thermometer has
ranged from 88 to 72, averaging 53
Dallas. Texas.—Wheat and winter oats are beginning to
feel the i Sect of the drought. Dry weather has prevailed all
the week. Average thermometer 48, highest 72, lowest 23.
San Antonio, Texas.—It has rained only to au inappreci
able extent the past week and moisture is needed. The ther
mometer has averaged 58, the highest being 78 and the low
est 38.
Luling, Texas.—There has been rain on one day of the past
week, the precipitation reaching sixty-five hundredths of an
inch. The thermometer has averaged 57, ranging from 35
to 79.
Columbia, Texas.—We have had rain on one day during
the week, to the extent of forty hundredths of an inch. The
thermometer has ranged from 30 to 76, averaging 53.
Cuero, Texas.—It has rained on two days of the week, the
rainfall reaching twenty-one hundredths of an inch. Aver
age thermometer 53, highest 73, lowest 33.
Brenham, Texas.—There has been no rain during the week.
The thermometer has averaged 52, the highest being 72 and
the lowest 32.
Temple. Texas.—W e have had dry weather the past week.
The thermometer has averaged 52, ranging from 32 to 73.
Port Worth, Texas.—There has been no rain during the
week. The thermometer has ranged from 23 to 72, aver
aging 48.
Weatherford, Texas.—There has been no rain during the
week. Average thermometer 48, highest 72, lowest 24
New Orleans, Louisiana.—We have had rain on one day of
the week, the rainfall reaching three hundredths of an inch.
The thermometer has averaged 50.
Shreveport, Louisiana.—There has been no rain during the
week. The thermometer has averaged 46, ranging from 31
to 79.
Columbus, Mississippi.—Telegram not received.
Inland. Mississippi. —Telegram not received.
Vicksburg, Mississippi.—We have had no rain the past
week. The thermometer has averaged 46, the highest being
73 and the lowest 31,
Little Rock, Arkansas.—There has been no rain during the
week. The thermometer has averaged 43, ranging from 27
to 69.
Helena, Arkansas.—There has been no rain the past week.
The thermometer has averaged 40, the highest being 62 and
the lowest 27.
Memphis, Tennessee.—We have had no rain during the
week. Average thermometer 43, highest 63 and lowest 30'5
Nashville, lennessee.—We have had rain on one day during
the week, the precipitation being eight hundredths of an
inch. The thermometer has averaged 41, the highest being
60 and the lowest 24.
Mobile. Alabama.—We have had rain on one dav of the
week, to the extent of two hundredths of an inch. The ther
mometer has averaged 48, ranging from 33 to 66.
Montgomery, Alabama.—We have had no rain during the
week. The thermometer has ranged from 38 to 54, averaging
46.
Madison, Florida.—There has been rain on one dav of the
week, the precipitation being eighty hundredths of an inch.
The thermometer has averaged 60, the highest being 70 and
the lowest 44.
Savannah, Georgia.—Rain has fallen on one day of the
week, to the extent of five hundredths of an inch. The ther
mometer has ranged from 36 to 72, averaging 50.
Augusta, Georgia. —Telegram not received,
Stateburg, South Carolina.—We have had light rain on one
day of the week, the precipitation reaching sixteen hundredths
of an inch. The thermometer has averaged 43'2, ranging
from 28 to 64.
6 *
Wilson, North Carolina.—Rain has fallen on one day'of the
week, to the extent of thirty-eight hundredths of an inch.
The thermometer has averaged 40, highest 60, lowest 26.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock December 23, 1896, and December 26, 1895.
D ec. 2 3, ’ 96. D ec. 26,
N e w O rlea n s
M e m p h is ___
N a sh v ille___
S h r e v e p o r t..
Y lo frsb n rg -.-
.A b o v e zero o f
.A b o v e z ero o f
.A b o v e zero o f
.A b o v e zero o f
.A b o v e z ero o f
gauge.
gauge.
gauge.
g a u g e.
g a u g e.
Feet.
4-5
11-5
5-8
09
12-3
Feet.
2-6
14*0
71
6*9
5*2
C o m p e t it io n
[V o l. L X I I I.
F
op
o r e ig n
B r it is h
w it h
Manufacturers
our editorial columns to- lay, under
the above cap'ion, will be found au interesting letter from
our special Manchester correspondent.
in
B
r it is h
C o l o n i e s . —In
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 . — The receipts
and shipments of cotton at Bombay have been as follows fo r
the week and year, bringing the figures down to D-c. 34.
BOMBAY RECEIPTS AND SHIPMENTS FOB FOUR YB1K8
S h ip m en ts this w eek.
S hip m ents s in ce Sept. 1,
T ear G reat C o n ti
G reat
BriVn. n en t. Total. B r ita in
1896
1895
1894
1893
2 ,0 0 0
2 ,0 0 0
3 ,0 0 0 14,000 1 7 ,0 0 0
4 .0 0 0 4 .0 0 0
3 .0 0 0 3 .0 0 0
C on ii
n e^.
Total.
4 .0 0 0 9 1 .0 0 0
6 .0 0 0 121,000
1 ,0 0 0 2 5 .0 0 0
7 ,0 0 0 9 9 .0 0 0
9 5 .0 0 0
1 2 7 .0 0 0
2 6 .0 0 0
1 0 6 .0 0 0
R eceip ts.
This
W eek.
S in ce
Sept. 1.
3 6 .0 0 0
5 7 .0 0 0
2 3 .0 0 0
3 8 .0 0 0
2 6 6 ,0 0 0
4 7 0 .0 0 0
1 2 4 .0 0 0
2 4 8 .0 0 0
According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
21,000 bales and a decrease in shipments of 15,000 bales, and
the shipments since Sept. 1 show a decrease of 32,000 bales.
The movement at Calcutta, Madras and other India ports fo r
the last reported week and since the 1st of September, for tw o
years, has been as follows. “ Other ports” cover Ceylon,
Tutioorin, Kurraohee and Coconada.
S hipm ents f o r the w eek.
C on ti
n ent.
Great
B rita in .
Q a lon tta —
1 8 9 6 ..........
1 8 9 5 ..........
M adras—
1 8 9 6 ..........
1 8 9 5 ..........
A ll o th e rs —
1 8 9 6 ..........
1 8 9 5 ..........
T o ta l a l l 1 8 9 6 ..........
1 8 9 5 ..........
S hip m ents si?ice Sept. 1.
Total.
G reat
B rita in .
C ontinent.
3 ,0 0 0
4 ,0 0 0
9 ,0 0 0
7 ,0 0 0
1 2 ,0 0 0
1 1 ,0 0 0
Total.
2 ,0 0 0
2 ,0 0 0
1 ,0 0 0
9 ,0 0 0
1 5 ,0 0 0
1 2 ,0 0 0
1 1 ,0 0 0
2 1 ,0 0 0
2 6 ,0 0 0
1 ,0 0 0
2 ,0 0 0
3 ,0 0 0
1 0 ,0 0 0
1 7 ,0 0 0
2 8 ,0 0 0
2 4 ,0 0 0
3 8 ,0 0 0
4 1 ,0 0 0
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
4 ,0 0 0
2 2 ,0 0 0
3 6 ,0 0 0
4 9 ,0 0 0
4 2 ,0 0 0
7 1 ,0 0 0
7 8 ,0 0 0
1 ,000
Tbe above totals for the week show that the movement from
the ports other than Bombay is 2,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1896, and for the corresponding
periods of the two previous years, are as follows*
EXPORTS TO EUROPE FROM ALL INDIA.
S h ip m en ts
to a l t E u ro p e
fr o m —
1 89 5 .
1 89 6 .
This
w eek.
S ince
Sept. 1.
This
w eek.
1 89 4 .
S ince
Sept. 1.
This
w eek.
S ince
Sept. 1.
B o m b a y ..........
A ll o t h e r p o rts
2 ,0 0 0
2 ,0 0 0
9 5 .0 0 0
7 1 .0 0 0
1 7,0 00
4 ,0 0 0
1 2 7 ,0 0 0
7 8 ,0 0 0
4 ,0 0 0
2 6 ,0 0 0
6 0 ,0 0 0
T o t a l......
4 ,0 0 0
1 6 6 ,0 0 0
2 1 ,0 0 0
2 0 5 ,0 0 0
4 ,0 0 0
3 6 ,0 0 0
arrange
ments we have made with Messrs. Davies, Benachi & Co., o f
Liverpool and Alexandria, we now reoeive a weekly cable o f
the movements of cotton at Alexandria, Egypt. The followin g
are the receipts and shipments for the past week and for the
corresponding week o f the previous tw o years.______________
A
l e x a n d r ia
R e c e ip t s
A le x a n d r ia , E g y p t,
D ecem bei 23.
and
S h i p m e n t s . —Through
Receipt** (oa n tare*)___
This w e e k ............
S in ce S e p t. 1 ...............
2 6 0 ,0 0 0
3 ,4 4 3 ,0 0 0
2 6 0 ,0 0 0
2 ,6 4 8 ,0 0 0
This
S ince
w eek. Sept. 1.
This
S ince
w eek. Sept. 1.
7 .0 0 0 1 7 5 .00 0 1 7 .0 0 0 1 9 4 .0 0 0
7 .0 0 0 1 31.000 11.000 1 37 .00 0
10,0 00 1 2 9 .0 0 0
12,0 00 1 4 1 .0 0 0
2 3 0 ,0 0 0
3 ,6 4 5 ,0 0 0
S ince
This
w eek. Sept. 1.
E x p o rts (b a le s)—
T o L i v e r p o o l .............
T o C o n t in e n t l........ ..
1 89 4 .
1 89 5 .
1 89 6 .
T o ta l E u r o p e .......... 14,0 00 3 0 6 .0 0 0 [28,000 3 3 1 .0 0 0 2 2,0 00 2 7 0 .0 0 0
* A o a n ta rts 98 p oun ds.
t O f w h io b to A m e r lo a In 1 8 9 6 ,1 0 ,5 8 7 b a le s ; in 1 8 9 5 , 2 7 ,9 1 6 h a le s;
in 1 8 9 4 ,1 3 ,6 0 0 b a le s.
This statement shows that the receipts for the week ending
Dec. 23 were 230,000 cantars and the shipments to all Europe
14,000 bales.
Manchester
M a r k e t . — Our report received by cable
to-night from Manchester states that the market is firm for
both yarns and shirtings, on accouut of the holidays. We
give the prices for to-day below and leave those for previous
weeks of this and last year for comparison:
1 89 5 .
1 89 6 .
8 *4 lbs. Shirt CotVn
3 2 s Cop. in g s, com m on M id. 3 2 s Cop.
Twist.
Twist.
U plds
to fin e s t.
K v .2 0
“ 27
D ec. 4
" 11
“ 18
“ 24
e. d.
d.
d. s. d.
6 % 0>7^ 4 5 ® 6 i o o >
6 H ifi^ 7 7 16 4 4 I fla 6 10
4 4 ®610
650 ^730 4 3 -®6 9
4 2 ® 6 8Lj
6918 a>730 4 2 ® 6 8
d.
41832
4 1132
4^32
4 532
4*16
413 >
8*4 lbs. S h irt CotVn
in g s, com m on M id.
to fin es t.
Upld*
n.
d.
d.
6*8 ®73a 4
6 i 'i e ® 7 L , 4
6=s ’® 7 3a 4
® 7 i 16 4
6% ®7hi 4
61 i 16® 7 I i 6 4
d.
s.
4 »a ® 6
6 *a>6
5 *®6
5 ifl® 6
5
d.
8
9
8
8
8
7*2
d.
49)6
41*18
4=833
419
4 **
S e a I s l a n d C o t t o n M o v e m e n t . — We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the six days ending to-night (Dec. 24) and since
Sept. 1, 1896, the stocks to-night, and the same items for the
' corresponding periods of 1895, are as follows.
OECEMBK8 26, 1896.]
THE
1896.
R eceipts to D ec. 24.
1895.
TAis
Since
This
w eek. Sept. 1. week
Stock
Since
Sept. 1. 1HS6.
The rainfall averages are as follows :
1895.
3,334
380
842
6 6 ,4 6 4
9,288
3 ,7 5 3
3,299
622
212
59,0 77 31.3 87 11,2 19
8,323 6.16H 2 ,296
3 ,5 2 0 3,433 2,468
5 ,0 5 6
79,505
4,133
70,9 25 4 1 ,0 3 6 19,013
*
i ui me sis. iuvb r>naing tms evening reach a
total of 1,"$4 bales, of which 497 bales were to Great Britain
H7 to France and 400 to Reval, and the amount forwarded o
Northern mils nas been 1,319 oales. Below are the exports
for the six days »nd since September 1 in 1896 and 1895
Wee* E n d in g Dec. 2 4
E xp ort*
fr o m —
Since Sept. 1, 1 8 9 6
Great Pr’ nee
Great
Total. B rit'n
B rit'n.
dlC.
8 ’v a n a ’ ll. <ke
C h a ri’ t’ n.& c
F lorid a ,
N ew Y o r k ..
B o s t o n ........
B a ltim ore ..
3 24
3 24
__
i 78
T a t a l.........
T o t a l 1895
587
........
587
173
Total.
dlC.
8,529
1,938
2 ,7 7 6 11,305
1,933
6 ,3 5 5
804
........
2 ,5 1 3
102
8 ,863
303
102
North'n
Sept
857 13,865
120
778
842 3 ,7 5 3
.......
.....
1,084 17,623
5,391 23,0 16
1 ,8 1 9 1 9 ,3 9 1
839
273
1,112 23,2 35
4.948 28.1 83
1 .276 2 4 ,1 3 j.
A uonanleraole purtiuu ol me aea island cotton snipped io
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the weei. in which it leaves the Southern outports, we follow
the sam>- ulan as in our regular table o f including it wheD
actual!; eiported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
tinder the head 1 Snipping News,” on a subsequent page.
Quotation- Dec. 21 at Savannah, for Floridas, common
10c.; ra diu n fine, 12t£c.; ohoic*. 16c.
Chariot .r,. <Jarolinas, medium fine, 18*,»c ; fine, 21c ; fullv
fln», 2 3 « 24c.
Ka is f a l l .—A t of interest
in connection with our monthly weather record, we have
prepared the subjoined tables, which show the State averages
of thermometer and rainfall in Augu«'. September, October
and November for six years. 1891 to 1896. inclusive.
Uurirwmeisr
4
2
31
£
j
93*9
9X4
9.4*H
9- M
W3T0
92*4
we
0o*i
5w«
0--*t
0.1*4
50H
September.
9
t
•M
4
Ocfsbsr.
1 4
2
3
November.
»
£
4
j
23
ai
$
$
73*5 91-4 44‘ 4
700 05> BOH
74*rt Ml-rt 54 4
754 ; 0*ro 45-n
774 «S’« 40 0
78*U SO"-- 53*8
71*6
74*0
725
70*3
rt0*<»
71 6
77f70*"
K4-2
n202*M
868
34-0
33-0
344-2
322
324
a*-.
501
600
rto-H
590
588
00 W
70-4 :
70 8
TA’t
74*(
77-i
75*4
27 C
23 2
V-0-e
au-2
17*o
53-8
51 0
48 2
48-7
n -a
483
00 1 Mm-7
7U 1 W 7
7HY 03*8
70 0 91**
70 5 870
78*3 005
40*0
52(1
58*5
M*7
55-a
01*0
76*5
77-2
75*5
74*0
72*3
73*8
81*3
80 4
0T-V
040
M3*4
H-j-2
38-3
40-6
40*3
34"3
355
34*7
03-2
01*0
04-1
04-3
041
50-0
lO*.
77-w
75*
77S
SOM
70*4
30MJ
254
20*5
24*i
26 a
237
52 W
83-0
65 2
62*9
00-4
04»
02-3
03*5
H-*3
8uv
47*7
525
58*5
57*7
55*i
60*7
7rt-5
7.0-0
704
70 0
72 3
74*5
83-0
87-1
07 0
85>
0VT
07*8
41-7
41-0
420
300
37*"
.*>7*7
0C1 80*7 3*'l 59-7
rt 1*7 01M HQ-8 500
06-0 76*0 20 4 535
850 78*0 27*0 550
0 4 i H2-5J 20-4 540
007 78*7 21*3 54 0
943 «.v& 01*0 03-3
*g' *od > «*4*5 0p*O 01*0 orn
1*94 (full).. WC.l 0*--< 0irrt o:i-:*
l**.i (good • V 19 0W0 80 7 02rt
9X6 0M-») 7w 8 005
80*0J 89'3
M9! (fall).. 91*
A labam a.
|89rt
USX* 0fO 83*0 06*8
Ifett (gOOd) UiD art- 8rt’ . 04-r
i**4 . fain.. »i'0 04 * 70*8' ui-ft
l*WB got*)' 9»*5 055 80 7 90S
iew«(good) w t 04* 70*5 00 U
IWW1 (full).. WS’Oj 5**0 70-3 V20
LoriAlANA.
1NM0
101*R( 02*" 0 1-2 050
1895 (good) M5-2 0O-S 04*2 07-0
IHW4 (full).. V6- 0.%-O 70-0
w # Air* 00*11 07-4
18*2(good) 94*0 0rtf» 0O-9 Ol'rt
IS01 (fa ll). 06*3 540 7H0 03*0
Mumimaippi
101*7 5WH 023 l*»0*0
P7‘6| rtl*. 800 y- h
fail).. 95 «; 04-H 770
1H*I| >i*0 78-2 os-;
IW7 «2‘0 79-0 WI-7
1891 (fall).. 95*7 s.rv 770 04*8
ARKANSAS.
104-8 54 « 01-0 O0-«
IlftM rtl'S 7W« 00*0
Will 60-4 77-0 940
W 3 7rt-»* 000
Wrt*2, r-o-7 7■*•* 00 0
1*91 (fall).. 00*2 56*0 78-5 03*0
03-7
64-3
040
*4-4
rflO
05-5
709
70*3
78*9
706
77-3
77>
80*0
073
87.0
0" n
H0 3
8d-0
52-31 710
50' ( 7'»‘4
533 710
60 7| 7C0
430 70*1
45'4 00*9
47-2
474
WO
rtt*o
50*5
6 4*0
70*4
70*0
7 6i
775
71-9
75*U
85*»
074
07*;
870
.10 (1
89*3
40-i
40*1
54 0
57-4
55*h
5*Cr
75*0
70*8
75*4
70*f
74 2
76*0
3w-5
43-0
5*r3
523
505
50*8
N CAROLINA
!>**> (gr*>d
l**»4 i full)..
13W3(goodi
d>
1891 if Ull y..
S. Ca r ' lin a
l*Wrt
IMV5(good)
i*** dam ..
1*W3 good 1
1*3*2 (good)
18*1 (falli..
V ia KG! A.
184*0 . .
i*ve (good)
l*M4 full)..
WW (good I
1892 (good)
1891 (full)..
F l o r id a .
l«Wrt
.
\m4 (fall)..
UWt (fall)..
T tX Aft.
I
isofi................
1*95 (good)...........
1894 (full)............
1893 (good)...........
1892 (good)...........
1391 (fa ll)............
90*0
«**e
W70
\rr
W.1’5
WO
010
07**»
H.T8
056
00*1
01*2
« l ’3
r*l*0i
70*51
7**'0
70 3
78*r;
60-0 01-4
01*3 77*7
74*«
5**o i t :
500 75*4
540 75*3
101*1 014 0.1-9
0s5
« :i i 79 M
98*5 «0*ft BXA
9*1 AVI 0l'l
IK0 81-4
1*91 'fall)..
2-19
4*00
October.
November.
Rain Day?
fall. rain
R ain Days
fall. rain.
7-51
8 94
8'8l
7
tsx;
12*'$
12*
8
15*
4-90
1-58
5*29
5*20
3*74
2*40
8
5
11*
9
7
7
1*90
1* 4
5*97
0*"5
0*58
3*20
0
3*
8
7*
3*
8
3*18
8*17
8*45
11*20
4*75
8*15
7
13*
15
15
14
16
1*89
201
0*76
5*14
4*12
3*18
5
4
7
9
8*
8
1*19
1*20
4*48
4*44
0*44
1*88
0
2*78
3 * 1 2*41
100
0
8
1>3
1-98
3
0
2M8
8*c8
7*84
«*98
7*43
5*10
0*29
10
15
10
U
14
13*
1*72
1*53
522
3-98
5*02
211
5
6
8
7
7
0
0*89
1*17
4*29
3*38
0 48
0*55
6
4
5
3*
2-ti
3
4-02
2-09
1*57
1*75
2*04
2*80
5*55
4 04
750
7*78
5*63
6*98
12
14*
19
18
17*
10
6*04
5-90
10*12
0*00
10-19
7-87
14
14
17
11*
21
14
3*53
2-83
4*78
4*02
311
4*10
8*
0
8
8
8--*
9
4*88
2*37
2*32
2*48
0*09
2*13
2*71
5*42
6-73
0*52
8-05
3*' 9
8
12
11
14
17*
9
1*99
1*41
2*71
7*01
2-68
2 00
5
0
9*
9H
5
7H
2*19
2*42
3*43
4*81
1*33
0*24
5
5
4
5
3
1
4*52
1*20
0*02
3*10
S*23
5*23
8
4*
1*65
8-3i
5*50
4*02
3*93
2*29
8
13
13
9*
11*
8
3*46
2 10
264
2*20
2--4
2 00
8
8*
7
0
6
7*
7 07
3*32
1*36
251
1*34
1*00
8
3*
3^*
3
4
3
3*00
420
1*89
0*01
4*03
6*08
8
6
4
9
7*
7*
3*35
4*03
5*03
2-94
4*73
2*43
5
11
9*
7*
11
5
1*84
0*37
3-30
4 40
1-70
0*52
4
3
0H
3
2
3*52
1*9«
0*84
0*79
0-50
0*91
5
3*
a*
2
2
■4
4*17
2*40
0*90
4*38
3*0H
0*12
0
4*
3
0
8
7
1*79
3*50
4*02
1*07
4*09
2*70
(1 1
10*
11
H
10*
8
333
2*04
2*34
4-94
2-00
0-82
7
5
7X
H
a*
3*
2*77
1*50
2*09
1*56
3*33
0 74
7
0
3
4*
6
3
3*90
4*78
1*25
8-70
5*43
5*49
8
8
3
5*
10
11
1*37
1*70
3*05
4*04
8*14
3*40
6
8
10
0
10*
7
8*19
4*18
2*81
0*21
3*29
0*89
0
5
0
3*
0
3
1*44
1 95
0*39
2*04
0 37
1*20
5
5
3
4
**
4k,
6*93
8*30
1*20
2*95
4*90
5*70
7
7
3*
5
10
8
1*44
4
4*0 L
7
5*05
9*
2*12
0
tOUTH CAROLINA.
1896 ......................
1895 ((rood)...........
1894 (full).............
13W8 (good)...........
1892(good)...........
1801 (fa ll).............
189*.....................
1896 (g«>*»d)_____
1894 (fa ll)............
1893(good)...........
I 02 (good)...........
1891 (fa ll).............
1896 .....................
1895 (good).. ......
1894 (fuL).............
1893(good)...........
1892 (good)...........
1891 (full).............
A LA BA >1A.
1896 .
1895 (g tod).
1894 (fu'l) ..
1*93 (good)..
1892 (good)..
1891 (fu ll)...
Lo u is i a n a .
1*96............
1895 (good)..
1*94 ( u ll),..
1893 (good)..
1892 (good i.
1891 (fu ll).............
6138ISSIPPI.
ISM6.....
1095 (good)..........
1894 (full).............
1893(g o o d )............
1892(good)...........
1891 (fa il).............
ARKANSiAH.
1 8 9 ft
................................
1895 (gtKid)............
1894 (fu ll)..............
1893(g o o d )............
1892(go o d )............
1691 (fu ll) ............
1 8 9 *........................
(g o o d )....."!.’ .
(fu ll) ............
1*93 (gOOd)............
1692(g o o d )............
1891 (fu ll)..............
1894
r ix
07 3 00*11
95s 03 4
03 u
Wl-0, «3-c
W4-7 074)
Wi 4 01*4
September.
Rain
fall.
'i ’ RTH C a r o l i n a .
r IN NESSES.
August.
Rain Days
fall. rain.
Fl o r i d a .
587
and
August.
tainfall Averages.
«J BORGIA.
Week
4 97
AvgBAO esop I'EttpEiATORB
1167
i t
S a v a n n a h ............
C h a rle sto n , A c ..........
F lo rid a . A o .................
CHRONICLE,
som
saa
04-a
02-7
810
82 1
03-5
80-5
500
35*7
35-3
30-3
30m
38*8
09*4
01 9
02 9
01-4
00 0
02*1
30-4
40*2
403
30-5
370
335
04*8 1 a re
04*- 77 0
04*5 770
05-5 77*5
00 b 7-C4
01*7 h0*7
27-0
24-<>
237
29 5
30’0
213
580
55-4
53-4
548
54*3
54*0
0"*3
‘03
09-i
0i-3
WO*"
88*0
40 3
415
4**3
44*0
38m
40*1!
07*2
04
H0-7
"7 0
709
05 2
850
no-2
HOM
00*3
8''9
83-0
30*7
31-3
820
3 l0
33 4
27 0
00*0
570
67-9
50-7
5l*8
00*3
70*5
79-0
747
74-5
720
75*5
08 m
W»-3
10 3
09 1
89 0J 0
30-8
34 3
30 3.
•HfO
814
32*9
0 4*3
01*1
tfiW
03*1'
00-1
dev
14*7
80-7
7v2
80*8
79-«2-3
23*5
20-7
22*7
25*7
27-0
210
58-4
64-5
51-9
527
51‘0
61 0
30*
39-0
47 4
42*0
51-0
54*4
72*5
70-5
72-6
72-0
71*7
740
04-5
HIM
00-2
87-2
87-0
r-8-4
35 0
33-8
<1-2,
83-0!
3G-4
356
0 4M
59 7
01*7
59 8
05-2
02*6
70-4
78*o
700
704
74-i
80-0
19*0
24M
2J-0
22-'20-7
20*0
51*8
60*9
40*7
48-0
51'5
49 7
077
04-5
0t*«»
0*2-3
87-4
92*8,
41*7
43 0
■100
45*5
47*1
62 3
71*0
72 m
73*1
704
09-4
70*5
01*7
00TJ
0U3
11-0
03-i
00-*J
Hfl-7
84-0
34 »
28*0j
29*0
31*0
593
50 0
00*2
5M-0
011
50-0
75*7
74 7
74-8
72-w
74-0
73-3
18*7
24-"
17'0
190
19 7
18 0
51-0
50-0
45-6
40-3
40 7
479
00 4
97-4
04 5
100-7
KVrt
02 O’
470
53 4
57*0
fld‘0
55*0
57*3
7*0
00 9
77-7
79*7
70* i
77*0
88*3
00-7
92*0
9X1
9 -H
8 7«
47 8i
45-2
403
41*5
399
43 3
00-7
0.VH
70w
09*'(
090
08*7
89-4
7H-0
81-2
865
sr"
80.7
38*8
2i*0
2H-4
■<11
3 (0
29 7
69*1
65 6
63-9
67*0
as .
1896
. ....
p j T T h - w ord* " f u l l " an d " g o o d ” fo llo w in g tb e y ea rs g iv e n a b ov e
m ea n .im p ly th a t tb s a g g re g a te oro p fo r tile y e a r nam ed w as fu ll or
good.
0
9
8
8«
9
0
8
8
9
0*
5
5
7
10
5
0*
8
7*
7
1895 (go *d)............
1*80
1*74
0
0
5
3*27
3-89
5
1891 ( l u l l ) .............
0*01
12
.*
3*22
7
0*78
0*98
2
7
I8w 3(good)............
3 25
1*54
2
0*39
4*19
1*
7*
5*37
0*91
1899 (g o o d )............
3*
4*10
8*
91,
3*0<)
7
6*
1891 (fu ll)..............
2*07
3*37
7
0*30
2
2*43
0
-4 T l’ ue w ords •* fa L ’ m -l •* gO'xl,” a b o v e tne *a coa t ue *ggrttg»t®
o r»n for the v e a r w as full o r go o d .
E x c h a n g e s . —The following exchanges have been made
during the week:
02 pd. to e x o h . 900 D eo. fo r Jan.
17 p d .to e x o h . 4 ,9 0 0 Jan. f o r Mch.
*14 pd. to e x o h . l o o M ob. fo r M ay.
18 pd. to e x o h . 2 ,6 0 0 Jan . fo r Moh.
*32 pd. to e x o h . 10,6 00 J a n .fo r May.
25 pd. to e x o h . 200 Jan f o r Apr.
21 pd. to e x o h . 6 0 0 D ec. f o r Mch.
3 1 pd. to e x o h . 100 J an for May
33 pd. t o e x c h .1 4 ,9 0 0 J an .for May.
*35 pd. to e x o h . 3 0 0 Deo. fo r May.
20 pd. to e xoh . 4 0 0 Moh. fo r J ’ ne.
•24 pd. to e x o h . 8 0 0 Mch. fo r July.
21 p d .t o exoh . 1,800 Moh. fo r J ’ ne.
•09 pd. to e x o h . 300 May f o r J uly.
•15 pd. to e x o h . 2 ,5 0 0 M ch .for May.
•02 p d .to e x o h . 6 0 0 D eo fo r Jan .
0 7 pd. to e x o h 300 A p r. f o r May.
*26 p 1. to e x o h . 3 0 0 0 .Jan. f o r Apr.
•09 p d . to e x o h . 100 Jan . fo r Feb.
*0* pd. to e x o h . 2 ,2 0 0 M oh fo r A p r.
•26 p d . to e x o h . 6 0 0 Moh. fo r A u g.
Ex p o r t s o f U o t t o n G o o d s f r o m G r e a t B r i t a i n . — Below
we give the exports of cotton yarn, goods, <fec., from Great
Britain for the month of November and since J rnuary 1 in
1896 and 1895, as com oiled by us from tne British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
1VarruScThread.
60 8
3*65
2*3i
1*57
2-57
2*42
8*01
lotal o f All.
Oloth.
000« omitted.
1896.
1895.
~Us~
1896.
1895.
1696.
1895.
1890.
1895.
Lbs.
100.827
108.5381
108,939’
Lbs
114.042
98,770
104,840
fo t.lst quar. 08,000 71,489 1,332,433 1,280.886 256,23« 246,703
402,038 77,202 77.431
399,493 74,811 70,911
350,008 83,857 08,597
324,304
318,252
100,098
96.507
107,535
101,473
102.077
88,337
Lbs.
J m a a ry...... 22,696 25,052
21,421
fs b r u a r y ...
21,597
M arch.......... 23,949 24,840
Yds.
437,480
453,009
441.944
Lbs.
Yds
Lbs.
405,164 84,131 89,590
87,117
77,173
400.097
415,025 81.990 80.000
April............ 23,406
Vlay . . . . . . .. 21,750
23,078
Jana..........
Tot. 2d quar. 08,810
1,157,599 235,960 222,909
304,800
291,887
July..............
23,573
A u gust.......... 22.401
Septem ber.. 22,302
470,4*7 93,073 91,700
432,087 92,710 83,218
414.470 85.092 79.827
116,046
115,123
107,994
113,024
106,200
101,920
Pot. 3d quar.
08,270 00.9-1311,413,121 1,323,030 271,484 254.811
339,703
321,804
jotobar........ 23.409 24.878
November. . 21,514' 23,764
419,049
397,483
442.847 80,580 85.291
418.837 70,440 8".667
Stoaklngs and soofcs
Sundry articles ........
Total exports o f ootton m anufactures...
110,109
104,431
1,120
21.085
1,194.907 1,169,348
The foregoing shows tnat there nas oeen exported from the
United Kingdom during the eleven months 1,194,967,000 lbs.
of manufactured cotton, tgalnst 1,169,348,000 lbs. last year, or
an increase of 27,619,000 lbs.
THE
1168
[Vol. l,xiu.
CHRONICLE.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken bv the principal
countries during November and since January 1 in each of the
last three years:
S X P O R T S O F J O l T o N ( B A t E S ) F R O M N E W Y O R K 81NOB 8 B F T . 1 , 1 8 : 6 .
Veek E n d in g —
E x p o rted to —
BSPORTS OP » l « 0 « OOOOS 4ISD V VRVH TO PRIWOIPU, OonVTRIES IN | L iv e rp o o l ..................
NOVEMBER AND FROM JANUARY 1 TO NOVEMBER 3 0.________
O th e r B ritish porta
Jan. 1 to Nov. SO.
November.
Piece Goods—Varda.
(000a omitted.)
1896.
Hast Indies ........................
Turkey, Egypt and Africa..
Chlua aud Japan..................
Europe (except T urkey)....
South America .............—
North America ...................
All other c o u n t r ie s ...........
Total yards.....................
Total v a l u e ...................
1895.
180.827 150.781
rfl.O -1 61,-S i
30.047 66.064
22,726 22.249
41,6 ■»1 7o,2l7
2H,4J3 25,511
26,115 27,033
1894.
1895.
18U0.
T o t . t o G t . B r it ’ n.
1*9*.
219,947 2,116.958 1.318.7 49 .342,521
75.805 6U.210 717,887 7 17,6»7
23.634 597,303 553,016 40->,569
20,290 2.56,24) 253,651 253.8U9
52, i0,r 560.78 • Hi 9.566 4i»7,8 18
24,6-18 259,613 296,^97 263.910
26.629 3 5 ,3o6 332,912 314,778
397,483 418.837 448.142 4,78-1,653 4.023,198 ,87*0,112
£3,853 £3.972 £4.030 £43,910 £12,759 £16.300
Tarns—Lbs.
(000s atnit tel.)
H olland.................................
Germany...............................
Bast Indies...... ...
China and Japan ...
Turney and Egypt..
All other countries..
Total lbs......
Total value.
2,907
3,3^8
3.S58
.8.0', 4
1.5IH
2.155
1,52?
3,107 2.S60
4,533 4,013
4.814
4.670
2.93 > 3.927
3,09 U 1,4-2
1.7eg 2.542
1.232 1,856
19,388 j 21,3 <91 21,414
tMS
£846 ! £795
30.993
44.737
49.251
41.810
29.80U
22,424
15,473
30.509
33,734
39,148
39.173
226,666; 234.562
£9,230' £8582
216.442
£8,543
30,250
40,109;
4o,8-)5
4S.85J
30 68<
20,l6(
15,713 j
2 3 ,8 0 3
28.311
13,249
J u t e B u t t s , B a g g i n g , & c . —Transactions in jute bagging
have been of veiy ^mall proportions during the week under
review &Dd prices have been reduced I^c., »h« close to-night
being at 4%o. for \% lbs., 5c. for 2 lbs. and 5*^o. for standard
grades in a jobbing wav. Car-load lots of standard brands
are quoted at 4% c. for
lbs., 5c. for 2 lbs. aud
*. for
lbs. f. o. b. at New York. Jute butts have been very dud a
1 8-32c. for paper quality, l% c. for mixing and 2c. nominal
for spinning butts, ail to arrive.
C o m p a r a t i v e e j i t r r i d jo E i p r s
and
D
a il y
C
rop
Movem
en t.
—A comparison of the port movement by weeks is nut
accurate as’-the weeks in different years do not end »n tne
same day of the month. We nave consequently added to our
other standing tables a daily and monthly statement, that
the reader may constantly have before him the data f r
seeing the exact relative movement for the yearB named
The monthly movements since September 1, 18V)6, and ii
M on th ly
R ece ip ts.
T ea r B e g in n in g S ep te m b er 1.
1896.
189r>.
1 894
1893
1 892
1 89 1 .
4 0 5 ,35 5
6 7 6 ,8 2 3
B ept’ m b ’r 9 1 2 ,4 8 6
3 3 3 ,3 8 6
5 1 3 ,76 2
3 7 7 ,4 0 8
O otob er
1 .4 6 8,51 1,202,46* 1 ,622.664 1 ,3 1 1 ,2 7 9 1 ,1 3 5 ,4 7 3 1 ,5 3 2 ,4 2 8
H o v e m b 'r 1 ,2 8 6 ,2 5 1 9 1 2 ,7 5 ♦ 1 ,6 0 7,66 L 1 ,2 7 2,77 6 1 ,1 2 5,85 5 1 ,3 7 6 ,9 0 3
T o t a l.. 3 ,6 8 7 .2 5 3 2 ,4 9 9,10 5 3 ,7 4 9,08 8 2 ,9 8 1 ,5 4 3 2 ,6 6 6 ,6 8 3 3 ,5 8 6 ,1 5 8
P ero’ tage »f to t. port
52-0 4
50-1 0
r e c e ip ts Nov. 3 0 ..
40 32
4 7 57
4 9 -5 0
This scacem^nc shows that up to November 30 the receipts
at the ports this year were 1 ,168,148 bales more than in
1805 and 81,S35 baiee less than in 1894. By adding to the
totals to November 30 the daily receipts since that time wt
shall be u . j to rsaoa ta exact comparison of the movement
for the diflf >reit years.
1896.
1895.
1894.
1893
1892.
1891.
Sam e
p e r io d
p rev io u s
Vea*
Totai
sin ce
8ept. 1.
Dec.
4
Dec.
11.
D ec.
18
4 ,7 3 2
3,271
9 ,4 6 9
1 ,3 7 0
2 ,6 0 8
5 ,1 1 8
8 , 2 '0
3 .1 5 8
8 8 ,7 4 0
4 3,6 S 4
8 1 .7 8 4
2 0 ,8 2 3
8 ,0 0 3 10,8 39
7 ,7 2 6
6 ,4 2 8
132 ,12 1
1 0 6 ,6 0 7
1 ,1 4 6
1 ,1 7 7
1 0 ,7 4 0
1 1 ,7 1 0
H avre .........................
O ther F re n ch p o r t s ..
4 62
T otal F rench—
462
285
1 ,1 4 8
1,177
10,7 40
1 1 ,7 1 0
23
5 00
1 .1 3 4
81*
945
2 ,2 1 4
1 .085
2 .387
20.1 77
6 ,6 5 0
1 6 ,3 0 7
3 3 ,2 5 5
1 1 ,8 1 8
2 -.488
1 ,243
4 3 ,1 3 4
6 7,5 81
........
36, 1
514
1 6 ,2 6 4
705
3 7 ,0 .5
1 6 .9 6 9
8 ,8 4 3
223 323
1 9 8 .8 6 7
B re m e n .........
H-tmcmrg. ..
O ther p o rts..
285
......... 1
T o t . t o No . E u r o p e
945
5 ,6 8 6
1 ,6 5 7
Spain, Ttaly, Arc.........
All o t h o r ........ .
2 ,2 6 4
2
1,227
.........
4 ,1 8 3
..........
To t a l S p a in , &c
2 ,2 6 6
1 ,227
4 .1 3 8
G r a n d T o t a l ___ 1 1.6 78 1 8 ,0 3 7 1 4 .7 1 7
429
T en F o l l o w i n g a b b t h e D r o s s R e c e i p t s o p C o t t o n at
New Y ork, Sostou. Philadelphia and B altim ore fo r th e past
w e e k , and s n ee Septem ber 1, 1896.
n iw
Receipt*
fro m —
r o » i.
TM i I fin d
S i f t . 1.
P H IL A D IL P H 'a
TMa
tliik .
2,070| 65.9i9
a . Orleans...
6,526j 10 ■‘,059
T exas. . .
4avann’ h &c 10,490 163.024 5,333
vlobile
6771
3,703
Florida..
2.487
77.117
So. Carolina
200
14.831
No. Carolina
3.401 13-.041 2,657
Virginia. . . .
North ports
2.848
30,624
Venn.. A c...
12
1.36*1
foreign ..
Mine*
S ep t.V
TM t
utaak.
58,462
Sine
M .p t.
7,444
Ba l t im o r e .
t llu
*****.
Sine*
8apt. .
1,976
36.123
8,287
65,820
2,054
70,220
40.012
86.165
6,780
2,310
19,778
3,425
25,587
T otal.......
28,720
607,727 j 16,810
233.723
3,732
27,293 13.688
128,030
Laetyear...
33.270
47* 481' 14,259
250,460
1,811
20.880
4,607
69,514
E xST I n d i a C r o p . — T h e f o l l o w i n g is f r o m M > s«rs G r i d i u m ,
B y t h t d l & C o . ’ s c i r c u l a r d a t e d B ir n b a y , N o v e m b e r 2 1 :
R u n bus fa llen deni *ir th e p a st w e « k in Bar-see. H ihll and o t h « r
narts o f the S ou th ern M *hratta c o u o t r v . as w e d hs i " K it h ia w a r . I t
>e x p e c te d rh it *11* i hoi era c r o p w ill h a v e d erived s- m * »e u e flr from
his s c e e ^ o f m oist m e , w h ilst f o r th e v«»ung p D n ts i - th * * e s t - r n ,
r o m p t a .a n d sa w g in n e d D harw ;»r d is tr ic t* it w .is ja s t what th ^ cu ltiv a t e r* w ish ed L>r In o r d e r o g iv e them a go o d s t a n . F rom B arsee the
effect o f i h j la in is I s® c h e e r fu lly coin n ien ted on. a> r » p e <rs th a t a
go o d p ortion o f ib e c i o p th e re b e in g q u ite rip e, b lit r o t y e t p icked,
w hen th e n b ow ers o cc u rre d , w ill p ro b a b ly be sp orted with b nek lea f.
T h em ) veiu en tiD tb e K b a n d e isb and Her r rn t beta co n i ■ ies to be
v e iy sm all, ai d a p n e a s to ju s t ify th e s h o rt-cro n tbe< ri^s th it all ou r
n a tiv e d ea lers nDd in at o f th e E u rop ea n s co n n e cte d wiih the trade
h a v e a d op ted
9 he m ore sam ruine still h * p e fo r ■ 0 per c * " t to 7«> p e r
<e> t ot last y e a r ’ s y ie ld , but t b e 1e are m a n y good j id es w b o think w e
w ill not see m ore than or e -b a lf o f la -t y e a r’ s larg<- o a t tn r . The n ew s
w ith reg a rd to th e g r o w in g r in n iv e lly cr o p is o f a h ig h ly p ro m isin g
d e s c rip tio n .
E g y p t ia n C o t t o n
C r o p .— T h e fo llo w in g r e p o r t o n th e
c o t o i c r »p in E <ypfc w a s i s s u e d b y t h e A 'e x i n d n a G e n e r a l
1 P m d u c e A s s o c i a t i o n u o d e r d a t e o f N o v e m b e r 3 0;
T h e te m p e r a tu r e io N o v e m b e r co n tin u e d to b e fa v o r* M e to the c o t
T o. N v .30 3 ,6 6 7,25 3 2 ,499,105 3,7 4 9,08 8 2 ,9 6 1.45 3 2 ,6 6 6,68 3 3 ,5 8 6 ,1 5 8
to n p lu m s.
T b e ► coDd p ick in g w as q u ick ly finished d u n g th e tirst
4 3 .(“81
D eo. 1 . . .
8.
44,421
3 2 ,1 9 7
28,4 23
48.1 58
daya o f the m n th , and in g e n e ra l th e third a lso a,r<ived » t a g o o d
41 2 . . . .
32,3 55
38,1 84
8
4 0 470
47,3 77
3 7 ,4 6 4 re su lt. The g r e a te r n u m b er o f o u r co r re sp o n d e n ts re p o rt «n in crease
o v e r la s t y e a r. O thers o n th e c o n tr a r y sp e a k o f a » i g o t flim iuu io n .
•• 3 . . . .
3 i,5 6 .
4 2 ,3 7 1
73,6 01
89,351
8.
3 8 ,1 5 9
Tn U pper Eirypt and th e F avou iu the y ie d per a cre b in been mns Than
43,623
44 4 . . . .
37,9 18
5 9 ,1 0 0 6 ,1 4 6
8.
5 4 .7 2 8 | iu 1 * 9 5 , b u t th e o ro p as a w h o le w ill b^ la rger on a co o u n t o f the
37,8 34
44 5 ___
25.312
4 5 ,4 9 5
3 4,1^5 e re a te r e x t e t o f la n d c u ltiv a te d .
50,8 66
G e n e ra lly o u r in fo rm itio n is
6 3,7 81
sim ila r to th a t o f th e p re v io u s m onth, a n d le a d s us to co u d r m our
44 6 . . . .
8.
46,66
45,121
4 8,9 1
4 7 ,7 8 0
8.
e
stim
a
te
o
f
5,
0
•
,
jOO oa n tars a b o u t.
4 5,1 05
79,782
•• 7 . . . .
30,76
4 3 ,8 4 1
3 4 ,9 8 9
51.831
45,941
8.
“
8 ....
46,9 34
5 7 ,7 5 2
6 6 ,3 5 3
3 3 689
S h ip p in g N e w s ,— T h e e x p o r ts o f c o t t o n fr o m t h e U n it e d
41,4 20
4 8 ,9 3 7
«
9 ...
8.
4 3 ,9 5 i
49,2 05
3 5,0 75
S t a t e s t b e p a s t w e e k , a s p e r 1 'ite s t m a i l r e t u r n s , h a v e r e a c h e d
42,6 42
3 1 ,5 1 5
•• 1 0 . . . .
6 2 .7 0 0
4 3 ,3 4 2 | 273,841 b a l e s . S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d t h e s e
8.
3 0 ,7 8 c
6 6 .0 0 6
41.454
•• 1 1 . . . .
53,3 38
62,227
8.
6 1 ,1 7 8
t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in
4 9 ,7 3 6
2 8 ,6 3 3
«* 1 2 . . . .
5 5 .8 8 6
54,175
4 2 .3 4 0
3 5 ,6 7 9 t o e C h r o n i c l e l a s t F r i d a y , W i t h r e g a r d t o N e w Y o r k w e
8.
4 3 ,1 0 0
“ 1 8 ....
5 0 ,1 8 2
42.5740,825
i n c l u d e t h e m a n i f e s t s o f a l l v e s s e ls c l e a r e d u p t o T h u r s d a y .
8.
63,4 40
32,5 58
9 4 ,0 9 6
“ 1 4 ....
42,175
3 0 ,9 6 2
5 3 .8 * 4
Total bolts!
0 7 .2 7 0
8.
44 1 5 . . .
3 ,2 7 0
4 9 ,1 2 1
5 5 ,2 8 o
27,4 83
6 1 ,7 8 7 NAW Y o r k —To L iv e r p o o l, p e r ste a m e r T a n rio, 3 ,2 7 0 ........... . . .
...............
1 ,7 5 0
T o H ud , p er t^arnor M artello, 1 .7 5 0 .................
4 2 ,5 5 9
46,2 68
44 1 6 . . .
8.
38,5 32
3 9.4u7
28.821
T o L on d on , per stea m er . o w e r H a ll, 1 ,0 0 8 u p la u d and 4 0 3
3 3 .4 9 5
44 1 7 . . . .
3 8 ,9 U
7 8,3 17
8.
23,0 18
8 e a r-land . . ................................................ ........................................
1 ,4 0 8
43 2 ) 1
8 1,9 36
44 1 8 - . ,
23,9 99
T o H a vre, p- r e t e u n e r L a B ou rg o g n e , 9 9 0 u p ai d and 187
6 1 ,0 3 4
5 1 ,7 4 4
8.
46 782
S'-n I s la n d ... ...........
..........................................
.........
1 ,1 7 7
51,954
28,5 99
44 1 9 . . . .
47.8 59
6 1 ,9 9 )
4 5 ,9 2 0
3 5 ,2 4 7
T o Brt-men, p« r steam ers K a rlsru h e, 6 0 0
L a b n , 2 1 4 ___ _
814
8.
“ 20 ...
5 1 ,1 2 7
43.0 36
4 6 ,9 8 1
3 0 ,3 9 9
8.
T o Ant w erp, p er -tea. nr-r F ried -tu d . 4 2 9 ......
..................
429
44 21 . . .
6 0.3 6
3 1 ,8 >3
N
e
w
o
m
B
A
h
J
L
iv
e
r
p
o
o
l
pes
te
a
m
rie
A
tom
ic
n,
2
,570
74,031
35,041
26,2 11
5 2 .9 3 2
— A tr-m om er. e . t y o ___ L ou isia n a, 7 ,1 7 0 . ... M u a. 7,136
6 .447
44 2 2 . . .
8.
5 0 ,7 1 7
5 6 ,6 8 0
2 8 ,2 3 i
6 0 ,6 2 5
W an d erer.
...... ................................... ................. 5 2 .1 8 6
44 2 3 . . .
4 2 .6 6 6
4 2 ,0 2 7
8
41,345
3 7 138
3 3 ,2 7 6
T o H a v e , p er su -a ieer G u id o, 2 ,8 0 0
.........................................
2 ,* 0 0
60.183
*< 2 4 . . .
T
o
Dunkirk
p
er
stea
m
er
Guinn.
1,950 ............. ......................
1 ,9 5 0
47,177
74,803
8.
2 3 ,2 3 2
4 * ,6 6 6
l o Maieeille-L pe» sc- au ier B e n w ick , 1 0 0 ....................................
I lO
T o t a l . 4 ,7 0 4 .1 3 ' 3 ,2 3 9,95 0 4,954,821 3 ,9 3 8 ,4 6 5 3 ,4 2 3 ,0 8 9 4,570,131
T o B iem ei-. p r st--aujer8 A frica , 4 , 4 - 5 ___A k a b a , 9 , 5 l 7 ____
Methlev H a ll. 8,117 ...N e t h e r b y HaU, s , m..2 . . . . . . .
. . . 3 1 ,0 5 1
P eroenta* ce o f total
T o H a m b iir ,, p e r steam ers E is i-, 1 ,1 -0 . . P olaria, 2 ,4 0 0 ...
3 ,5 0 0
p o r t reo’ pts D so. 2 i i 6 0 69 l 62-80
6 5 ’ 82
66-8 0
63 R5
T o A u tw e ip , i e r steam er C ayo M ona, 1 ,2 5 0 .............. ................
1 ,2 5 0
T o G en oa, per et-aiu-u B en w ick , 5 ,0 8 9 .......................................
5 .0 8 9
T h e E x p o r t s o f C o t t o n f r o m N e w Y o r k this week s h o w a
G iL V ^ sio N T o L iv e r p o o l, p e r stea m ers A r c b i t e c , 4, 27 . . .
decrease cjm »a r e d vita last w e e s , the total reaching 8 ,8 1 d
B r u e -m o re , 10 2 0 0 ___ Darien, 6 , 6 u . D .vi s, 3 o 0 ____
H e a tb fi Id, 5 .5 J4 ....ln o h m o n H , 9 ,5 5 0 . .. M aritim % b ,z 7 d 4 2 ,7 0 0
b a l e s , igiin st 1 1 ,*17 o a l e s la s t week,
Below we give o r
r o M a o ch e -t ^r. ner sieaiuer .L u e o h J hu, 3 , 8 5 8 ........ ..........
3 ,8 5 8
usuil a m e , s a o w i a g c u e exports o f cotton from New York,
T o Brem u. per st-a -u - r J o h n B righ t, 7 .2 0 7 ................................
7 ,2 0 7
au i she lireccioa, for each )f the la3t four weeks; also the
T o iaiu lm rg, per stea m er D rum m ond, 2 ,0 4 3 ...................* . ____
2 ," 4 3
T o R tceid viu . p er stea m er H. M P olitick, o 5 0 ........... . .
550
to al 4coorts and lirectioa since Sept. 1, 1896, and in th* Iasi
To Cop-iniiaiftri, ner s te «m e r N orge, 6 4 5 ......... .................. ..........
625
column r/he total for the same period of the previous year.
Mo b i l e —T o H a m b u rg , per ste a m e r M anh au set, 2 ,3 0 3 .................
2,3C0
THE
D ecember 26, 1896.]
CHRONICLE,
Total bales.
fllT iN S A H —T o B rem en, p a r steam ers S idra, 7 ,7 0 0 . .—'V era ,
14,4 63
6 , 7 6 3 ............ . . ........ ................... ............................................
T o B arcelona, per stea m er B ireagu *r el G ran de. 9 ,0 0 0 .......
9 .0 0
Bac*t9WiUfv— To L iv e r p o o l p e r stea m er St E n och , 9 ,6 1 9 ...........
9 ,6 1 8
G h a r l l s p .»v — c* B rouiea. p e r stea m ers B r ia k b u m ,9 ,5 9 3 . . .
rooksrith , 5 .6 1 3 ................. ...
.................................................... 1 5 ,2 0 6
T o B ireek m a » a i G jq *a. per steam er E lt v i. 6 .7 L3 . . . . . . . .
6 , 713
W i l k is i-r i * - To L iv e rp o o l, per stea a er t fa lt b y , 9 ,2 30—
9 ,2 0 0
T o B rem en, p ^ rs e a a er L ief E rickeen 5.40-5............................
5 ,4 0 6
N o iP o L it —T o L iv erp ool, p er steam ers B a w try , 2 ,2 0 5 . .. . B i d ou ia . 6 ,8 )0 ................................... ..................................................
9 ,0 0 5
BOtTOM — r^ L iverp ool, per stea m ers C anada, 4 ,4 5 2 upla n d and
5 5 0 Sea Ialan l .C*mbr-> n an, 3 ,0 4 1 .. L a n ca stria n , 3 ,0 6 3 11,111
T o Y a rm ou th . per srea a er B oston . 9 3 .................... .................
93
B a l t im o r e : -T o U v e r p o H , p er steam ers R osa m ire, 4 ,8 5 3 . . .
T e m p le -a irs . 3 .5 4 2 ...V e d a m o r e , 3 ,1 5 2 . . . ............................ 11,5 52
T o H a m b u -g, p er steam ers C hristiana, 3 4 9 . . . .S c o tia , 5 0 0 . .
849
T o R otterd a m , per ate »m er Urblmo, 5 0 1 ................. .....................
501
P h i l a d e l p h i a — To L iv erp ool, p e r stea m er B elgenland, 8 0 0 . . .
800
T o A n tw erp , p er steam er N ederland, 2 4 9 ....................................
24)
8 a H F r * f*oisc o — Co L lv e r o o il. p e r ship S henand oah, 4 3 ........ .
43
3 ,9 7 5
T o J a p a n , p er stea m er D oric, 3 ,9 7 5 ........... ..................................
T o t a l ........ - .................................................. . . . .............................. — 2 7 3 .8 4 1
The particulars of t h e s e shipments, arranged in our usual
form , are as follows.
Other
Other
Japan,
L iver • U nited
Oer- Worth South A Tarp ool. K in y t. France, m any. E u rop e.E u rop e.m ou th .
429
8 14
N ew Y o r k . 3 ,2 7 0 3 ,1 5 8 1 ,177
4 ,8 5 0 34.551 1,250 5 ,0 8 9 ..........
N. O rleans. 52.1 86
,858 .......... 9 ,2 5 0 1,175 . . . . . . . . . . . .
G a lv e s to n .. 4 2 ,7 0 0
.........
...................... 2,300
M o b i l e .....................
9 ,0 0 0 ............
.........................14,463
8 a v a n n a i!................
........................
B ru n sw ick
9 ,6 1 8
6 ,7 1 3 ............
17.” 7.7.7 15,206
Chari* s t o c ................
..........................
...................... 5 ,4 0 6
WIlrolnift’ D 9 ,2 0 0
N o r f o l k ....
9 ,0 0 5
93
B o sto n ....... 11,111
849
501
B a it lic o r f.. 11,552
249
P h lla d e l’ a..
800
3 ,975
San F r a n ..
43
T o ta l . . — 1 49,435
7 ,0 1 6
8 .0 2 7 8 2 ,8 3 9
3 ,6 0 4 2 0,3 02
T ola,.
8,843
9 7 ,9 2 6
56,983
2 ,3 0 0
23,4 63
9.613
21.919
14,606
9,005
11,204
12,902
1,049
4,013
4,063 273,841
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
OiLTSsros—T o L iv e r p o o l—Doe. 1 9 —S team er W illiam OiilTe, 0 , 7 7 2 . . . .
D ee. 2 1 - S team er W hitby, 4 ,4 2 9 ....D e o . 2 2 —Steam er* A ,h m o re ,
11.4 00 ; A ron re >re, 5 ,9 5 0 ___ Dee. 2 3 —S team er B’ reahfleld, 5 ,8 8 5 .
To H a vre —Deo. 19—S team er M ayfield , 6 ,0 3 0 .
T o Bre o e n —Dec. 19—Steam er H alle, 8 ,1 5 0 ...D e o . 2 2 -S t e a m e r
A ca cia , 6 ,8 1 3 .
T o A n tw e rp —D eo. 18 S team er B len heim , 1 ,3 )0 .
T o Truiand-*—D eo. 1 8 —S team er B lenheim . 3 0 0 .
T o A loste—Deo. 1 8 —S team er B len heim . 100.
H a w OKi.Kt.se— l o L iv e r p o o l—Deo. 1 9 —Steam ers E n gin eer, 6 ,3 0 0 ;
M ad rllen o, 5.4C0; N loeto. 4 ,5 0 0 ........Deo. 2 3 Steam er P o la n a ,
7J>84.
T o H a v re —Deo. 18—S tea m er Ooraloa. 3 ,2 3 2 — D eo. 1 9 —S team er
Im am u. 1 1 ,7 0 0 ___ Dee 2 3 —Steam er B end o, 6 ,8 0 0 ------Deo. 2 4 S team er CaatlUlan, 3 ,9 0 0 .
T o B rem en - D e c . 2 2 -S te a m e r K n ig h t C om p anion, 7 .5 0 0 .
T o H am m r g -D e e . 1 8 -s t e a m e r H erey nta. 3,200.
T o Autflrer.*—D ro 2 2 —Steam er S ardinian P rin ce. 1 .0 0 0 .
M o b il e T o L iv e r p o o l-D e o . 19—S team er.B enollfl, 4 ,5 2 7 ....D e o . 2 1 —
Steam er M on tgom ery, 8 ,4 5 0.
__
P K S S tc o L t—To L lv eriiool—Deo. 2 1 —S team er A ’.lota, 6 ,0 0 0 .
To Cam ploo -D eo. 2 1 —S team er A m rom . --------- .
0AV ajv* ah - Co B rem en— Deo. 19—Steam er P ia a et V enus, 4 ,5 5 0 .
T o II t ra b u rg -D e o . 1 9 -S t e a m e r Planet V e a m . 3 .6 4 1 .
O h a h l w t o h — To Li v e rp ool— Deo. 2 4 —8 tea m er E m press, 6 ,3 os a p la id
And 112 Sea Island.
.
,
.
. 0 , 0 Qfmri
T o M anchester —Deo. 2 4 —Steam er Gasos, 4 ,9 8 2 upla u d an d -1 2 Sea
IiU n d .
T o B re m e n -D e o . 18—S team er W ooler, 6 .6 1 8 .
POBT K o r a L —r o L iv e r p o o l—Dee. 1 9 -S te a m e r Inohl la . 6 ,1 7 - .
W il w is o t o *— To L iverp ool—D >e. 2 4 —S team er Q raffoe, 1 0,3 23 .
T o B r e m e n -D e e 1 6 -S t -a m e r L ief Erlchaan (a d d ition a l), L O ? 3H o a t o i . k l o L1v .m i . ioI—De o . 1 9 -S t e a m e r L am bert’ s Point, 4 ,147 . . . .
Deo 2 4 - 8 'e a m e r sh eik h , 3 .9 9 1 .
T o H a vre—D m 2 1 --S team er B lenheim , 5,200.
I o H a m b a rg— Deo. 2 2 —S team er ------— .1 0 0 .
B o e rro s —T. L iv e r p o o l—D eo. 1 8 -S t e a m e r N orsem an. 3 ,4 1 4 n p la n d and
173 s e a I s la n d ....D e o . 19—Steam er C atalonia. 1 ,7 0 9 .. . .D e o . 2 2 —
Steamer K ansas, 2 ,6 4 3 .
. . .
,
...
B iL T im it t K -r o B elfast— D eo. 18—S tsam er L o rd L a n a d ow a e, 3 0 8 .
Pilli-A O K I.rift4 To L iv e r p o o l—D eo. 18—S team er W aeeland, 5 3 7 .
8 a .s F k a sc ib c o —To J a p a n —D eo. 19—S team er C hina, 1,576.
T o S h a n g h a i—D eo. 19—S team er C hina, 120.
1169
L iverpoo l .—By cable from Liverpool we h av j the follow in g
statement o f the week’s sales, stocks. & c., at that port.
D ec. 4.
Sales o f th e w e e k ........... ha les.
O f w h ich e x p o r te r s t o o k ___
O f w h ich s p e cu la to rs t o o k ..
Sales A m e r ic a n ............................
A ctu a l e x p o r t ..................... ........
F o rw a r d e d ........... .........................
T o ta l s to c k —E stim a te d ............
O f w h ich A m erican —E stim ’ U
T o ta l im p o r t o f th e w e e k .........
O f w h ich A m e r ic a n .................
O f w h ich A m e r io a n .................
Dec. 11.
63.0 00
2 ,7 0 0
3 ,6 0 0
58.0 00
6 ,000
7 9 .0 0 0
7 0 6 .00 0
5 7 3 .00 0
1 1 1 .00 0
82.0 00
3 8 8 .00 0
3 8 4 .00 0
B ee 18
73.0 00
2 ,500
.3,600
69.0 00
3,000
84.0 00
8 1 8 ,00 0
6 9 3 .00 0
199.000
18 4,000
3 4 1 .00 0
3 3 5 .00 0
77.0 00
1,000
1 ,800
74.0 00
8 ,000
84.0 00
8 5 6 .00 0
7 2 2 .0 0 0
130 .00 0
115 .00 0
3 2 4 .00 0
3 2 0 .0 0 0
D ec. 24
6 5 .0 0 0
1 .7 0 0
1 .7 0 0
6 2 .0 0 0
6 ,0 0 0
7 1 ,0 0 0
9 1 2 .0 0 0
7 6 8 .0 0 0
1 3 3 .0 0 0
1 0 6 .0 0 0
3 6 7 .0 0 0
3 6 0 .0 0 0
The tone of the Liverpool market for spots and futures each
day of the week ending Dec. 24 and the daily closing prices
of 8pot cotton, have been as follows.
Spot.
S aturday M onday. Tuesday. W aff day. Thursday.
M arket, ?
1:45 p . m .$
Good
In buyers’ business
Good
demand.
favor.
doing.
M id.U pl’ d s.
B a le s ...........
S pec. & e x p .
Easier.
4
331 2
4
12,0 00
1,000
12,000
1 ,000
1 2,0 00
1,000
F rid a y .
In buyers’
favor.
41 32
4 l S2
1 2 ,0 0 0
1 ,000
12,0 00
1,000
i
£
c
F u tu res.
at Steady at Steady at Steady at Steady
M a rk et, \ Steady
4-01 de
1-04 de
i-64 de
partially buyers at
1:45 P.
1-04 adv. 1-64 dec.
cline.
cline.
cline.
M arket, j
4 P. M. ]
Steady.
Barely
steady.
Very
steady.
Barely
steady.
Quiet and
steady.
The prices of futures at Liverpool for each day are give n
below. Priges are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
r w The p ric e s a re g iv en in p en ce a n d 6 U h .
3 6 3 -6 4 d ., a n d 4 0 1 m ea n s 4 1 -6 4 d.
S a tu r.
Dec. 19 to
D ec. 24.
D e c e m b e r ..
D eo.-Jan . . .
J a n .-F e b . . .
Feb.-M arch.
M oh.-A pril..
A p r il-M a y ..
M a y -J a n e ..
J a n e -J u ly ..
J u ly .- A u g ..
A u £ .-8 e p t..
T oes.
M on.
T h u s:
3 6 3 m ea n s
T U urg.
W ed.
F r i.
12)* 1 1:45 4 1:45 4 1:45 4 1:45 4
P. M. P. M. P. M. P. M. P. M. P.M. P.M. P.M. P. M. P.M.
d.
3 60
3 57
3 56
3 57
3 57
3 58
3 58
3 59
3 59
3 58
3
3
3
3
3
3
3
3
3
3
d.
60
57
57
57
57
5S
59
59
60
59
3
3
3
3
3
3
3
3
3
3
d.
58
56
55
55
56
56
57
58
58
57
3
3
3
3
3
3
3
3
3
3
d.
53
55
55
55
55
56
56
57
53
56
3
3
3
3
3
3
3
3
3
3
d.
57
55
55
55
55
56
56
57
59
56
3
3
3
3
3
3
3
3
3
3
d.
59
56
56
56
56
57
58
58
59
58
d.
3 62
3 60
3 59
3 59
3 59
3 60
3 61
3 62
3 62
3 61
d.
3 61
3 59
3 58
3 58
3 58
3 59
3 60
3 61
3 61
3 60
3
3
3
3
3
3
3
3
3
3
d.
61
58
57
57
57
58
59
59
60
59
d.
3 60
3 58
3 57
3 57
3 57
3 58
3 59
3 59
3 60
3 58
§
0
a
B R E A D S T U F F S .
Thursday, December 24, 1896.
There has been a quiet market for wheat flour during the
past week. The home trade has been a slow buyer, limiting
its purchases to a few hand-to-mouth orders, and the export
trade has also been quiet. Prices, however, have been fairly
well maintained, and at the close there was some show of
firmness to the situation in sympathy with a higher market
for the grain. Rye flour has had a moderate call at steady
prices. Buckwheat flour hai had a limited call at unchanged
prices. Corn meal has been in moderately aotivs request at
unchanged values.
There has been slightly increased activity to the trading iu
the market for wheat futures and the course of prices has
Below we give ail news received to date of disasters to been toward a higher basis. Shorts have bought to cover con
tracts, and there has also beea incre tse i buying for invest
vessels carrying cotton from United States ports, &c.:
R t r o s O rrT, stea m er <B r.i , at S iv a n o a h , re-loa d in g fo r K ov a l.
ment auoount, stimulated by a revival of tha export demand
b rok e ou t to th e fo ro p e a k o o n j a r t m e n t o f th o B ip p n c i t y .
and stronger foreign advices. The purchases by shippers at
Deo. 18. Til l en tire on a teoW . 28 b i le s o f ootcon . w as d a m a g e !
by lire and w it e r . Tho sam e stea m sh ip to o k lire la th e a fte r
this market and at outports for tho week have amountel to
co m p i r t m e o u N ov. 16. an d she retu rn ed h ere, w h ere the tire was
a xtliig u is led a fter h a v lu g d a m a g ed 2 ,1 0 0 b lies o f co tto n .
about 750,000 bushels. To-day the market was firmer in reCotton freights the past week have been as follow s.
sponsejto stronger foreign advices and on an estimate that there
will be a material reduction in the quantity of wheat on pass
F
ri.
T
h
u
n
.
Wednes.
Tues.
M on.
S atur.
age to Europe during the next fortnight. In the spot market
1*1,8
lS13S
a fair amount of business was transacted with shippers, but
1*1,8
151,8
L iv e r p o o l,e e k e d .ii.
•u
....
....
....
....
....
1)0
........ ,m.d.
the particulars of the sales were not given. No. 2 red winter
J/%D71st J / 1H?71si
H a v r e ............. . . . . e . ’ iH n 'v *
was quoted at 99%c. f.o.b. aflmt, No. 1 hard Duluth at 95%c.
— *
....
..M
D o .................... t.
f.o.b. afloat and No. 1 Northern Duluth at 92^c. f.o.b. afloat;
301
301
301
301
401
B re m e n .................d.
•***
...»
dailt OLOsma raioai or *o. s *an w i * t » k whbat.
.. M
D o .................d.
H a m b u rg ___ ....< •
Do
. . . . . . d.
A m u te rd a m ......... e.
B e va l, v. H a m b ..4 .
D o v. H u ll. ..d .
B a r ce lo n a ........ . . A .
Q e n o a ...................d.
T r ie s te ................ ,d .
A n t w e r p ...............A.
G h e n t,V .A n tw 'p .ii.
*ie
....
3 7 ist
»1«
5aa
....
351
%
7aa
.. M
411
u *»
*ie
7 ,a
Dents net per 100 lbs.
401
31«
l l »4
D**
B32
....
351
%
7aa
....
401
»1«
13**
33
°33
....
351
73J
••••
401
31«
D a«
H e,
35t
U
733
....
40t
ste
11®,
13,4
a
0
D ecem b er d e l i v e r y ... ..o .
J an u a ry d e liv e r y ......... .. o .
M arob d e liv e ry ................. 0.
M ay d e liv e ry .......... . . . o .
J u ly d e l i v e r y ................... 0.
ta t.
8 6 Ts
8 6%
88%
8 5%
8 1%
M on.
87%
87%
88%
80%
81%
Tues.
88%
88%
89%
8 «%
8 1 7q
WsA.
89%
88%
90%
87%
83%
T h u rs.
90
89%
91%
87%
83%
F ri
>»
a
0
M
There has been a quiet market for Indian corn futures, but
prices have made fractional advances, as shorts have bought
to cover contracts, stimulated by stronger foreign advices, and
the imp-ovement in the wheat market has also had a favor
able influence upon values. In the spot market there has
THE
1170
CHRONICLE.
been a moderate amount of business transacted for export,
and prices have advanced slightly. To-day the market was
quiet, but fractionally higher on foreign advices. Tne soot
market was firm. The sales included No. 2 mixed at SOJ^c.
delivered and old do. at 3Lc. f. o. b. afloat; also No. 2 yellow
at 30J£c. delivered.
d a i l y OLoama rmioai or no. 3 mxao ooa*
sv,.
T h urt
Wed.
i f on.
T u et.
Bat
29><
29
28 7e
2S>*
2 8°s
So! t*
20
29 *4
29
a
28*.
Slay d e liv e r y ____ . . . . . 0
.0
2 3 7s
3130
313s
3 1I 1®
S
*
3 11:is
31*4
31
%
31 -*
31**
Oats for future delivery have been quiet but there lias been
a stronger turn to values in sympatny with the advance in
wheat and corn, which stimulated something of a demand
from “ shorts” to cover contraets. In the spit market ship
pers were limited buyers early in the week at steady prices.
The demand from the home trade has been moderate. Tj-day
the market was firmer but quiet. The spot market was
higher. The sales included No. 2 mixed at 22^@23c. in ele
vator and No. 2 white at 25c. in elevator.
D AILY OLOS ISO PBIOOS OF MO. Z H IX B D OATS.
D eoem ber d e liv e r y ........e.
,0.
J an u a ry d e liv e ry ___ . . . o0..
F ebruary d e liv e r y ........ o.
M ay d e liv e r y .................. o.
Bat.
2 1 5b
22»«
22^
24%
Afon.
22
22%
23
24
T h urt
2 2 1®
23
23%
244 .
Wed
22%
23
23%
24%
Tues.
22
22%
23%
24
fr
zi >•
Rye has been dull and unchanged. Fairly large export
sales of feeding barley have been made at 28}^c., c i. f. Buf
falo at the opening of navigation.
The following are closing quotations:
FLOUK
F in e ....................9 b b l. * 2 0 0 ® 2 90 P a te n t, w in t e r ____ _ $ 4 7 5 ® 5 2#
S u p e r fin e .................
2 2 5 9 3 20 C ity m ills e x t r a s . . . . . 4 9 0 ® 5 00
B x t r s . N o . 2 ................ 2 7 5 ® 3 35 R y e flon r, s u p e r fin e .. 2 7 0 ® 3 20
E x tra , N o. 1 ................. 3 1 0 ® 3 90 B u o k w h e a t f l o n r . . . . . 1 2 5 ® 1 4 0
O le a rs.. . . . . . . . . . . . . . .
3 5 0 ® 4 60 C orn m ea l—
W estern , &o,
1 9 5 » 2 05
S tr a ig h ts ...................... 4 2 5 ® 4 7 5
210
B ra n d y w in e
P a ten t, s p r in g ........... 4 5 0 ® 4 90
[W h e a t flo u r In sa ok s sells a t p rlo e s b e lo w th o s e f o r b a r r e l s .)
QBAIK.
0
C orn , p e r b a s h —
e.
0.
0.
W heat—
W eat’ n m ix e d .
90
®
96%
2b
3 1 1*
S p rin g, p e r H a sh ..
N o. 2 m ix e d ............ 29 ® 31
R e d w in te r N o. 2 .. 9 2 ® lOO1*
9 2 % ® 994.
W estern y e l l o w . .- 27 ® 31%
R ed w in t e r ...........
W estern W h ite ___ 27 ® 32
H a rd , N o. 1............. 943^® 94%
R yeO ste—M ix e d ,p e r b n . 1 9 % ® 24
31
45
W estern , p e r b a s h .
W h ite___________ _ 20
45
2 2 % ® 23%
S tate and J e r s e y .. 39
No. 2 m ix e d ..........
50
B a r le y — W estern ___ 43
N o. 3 w h it e ............. 25 ® 26
33
32
F eed in g___ . . . . . . . .
OF* K o r o t h e r t a b l e s u s u a l l y (riv e n h e r e s e e p a g e
THE
DRY
Nkw Y
ork
GOODS
1145.
TRADE.
, T h u r s d a y , P . M . , D e c . 2 4 , 1 89 6 .
The general market has presented a very quiet appearance
during the past week. There is seldom any business of im
portance passing at this time of the year, but there is even
less doing now than usual. Buyers have been in limited at*
tendance and road salesmen have fared but indifferently.
There is no inducement to buyers of cotton goods to operate
with any degree of freedom, and sellers are giving them only
restricted opportunities to do business in new heavy-weight
woolen and worsted fabrics for men’s wear.- The market is
not actively affected by the action of the Senate on the Cuban
question, but nevertheless the possibility of that leading to
serious complications is not lost sight of. The financial
troubles in the West and Northwest are more of a disturbing
influence, as they may retard recovery of business in those sec
tions. The general situation has under these conditions failed
to show any improvement, whilst in some directions, in staple
cottons and print cloths particularly, the tendency of the
market is distinctly in favor of buyers. During the week
reports have been current of a renewed resort to curtailment
of production by mills which re-started without a good com
plement of orders on hand in both cottons and woolens, whilst
the Fall River manufacturers have the question of another
shut-down under serious consideration.
D o m e s t i c C o t t o n G o o d s — The exports o f cotton goods
from this port for the week ending Dec, 21 were 2,706
packages, valued at $133,569, their destination being to the
points specified in the tables below:
Nbw Y ork
to
1 89 6 .
D e c e m b k h 21
Q reat B rita in ..........................
O ther E n ro p e a n .....................
U rm ia ................................. .
3 ,506
2 ,6 9 0
103,257
5 ,6 6 2
32,0 48
1 5 ,3 h2
12,894
2,613
9 ,7 4 2
50.3 74
4 ,1 0 0
3 ,5 1 2
220
1,000
2
324
35
201
1,618
73
22,< 67
9 ,1 2 9
17,518
2,641
11,071
6 2 ,8 5 4
6 ,8 4 1
859
37
2 56
58
85
1,244
53
Week
95
Since J a n
4 ,6 9 0
3 ,2 1 0
5 6 ,4 5 3
T o t a l.....................................
C hina, v ia V a n o o u v e r " ,..
2 .7 0 6
2 42 ,16 8
3 8,5 95
7 ,0 8 0
..........
2 0 0 ,9 4 6
2 2 ,8 7 0
T o t a l.....................................
2 ,706
2 80 ,76 3
1 7 ,0 8 0
2 2 3 ,8 1 6
From Now England mill points dlreot.
3 7 7 ,0 0 0
1894.
Dec. 22.
4 0 ,0 0 0
6 3 ,0 0 0
7 5 ,0 0 0
1893.
D ec. 2 3 .
1 3 7 ,0 0 0
123,0* 0
2 2 ,0 0 0
1 7 8 ,0 0 0
2 8 2 ,0 - 0
—The woolen goois division of the market
has ruled very qui’ t. There has been no demand for light
weight woolen and worsted fabrics for men’s wear other than
iu small quantities for quick delivery. Some mikes of low
and medium grade cheviots are slightly dearer, but as a rule
buyers are able to place re orders on the basis of original pur
chases. In new heavy-weights the market is still in an unde
fined condition. Such little success has attended the efforts
of early sellers to secure busiaess on these that agents are
holding back further display until after the new year. The
demand for overcoatings comes forward in hesitating fashion,
and is mostly confined to kerseys in medium and low grades.
CloakiDgs are inactive. Sales of flannels are light and mod
erate in blankets at previous prices. Carpets iu fair request
for spring. Plain and fancy dress goods for spring have been
in moderate request at generally Bteady prices.
F o r e i g n D r y G o o d s . —Business in foreign merchandise has
been slow in regular seasonable lines and iu holiday goods,
with decided irregularity in prices. Spring orders for dress
goods and silks moderate in volu ne; ribboas and laces quiet,
as also hosiery and underwear; prices steady. Linens firm
with a quiet forward business passing.
W
oolen
Go
ods
I m p o r t a t i o n * a n d I V a r e lio u a e W i t h d r a w a l s o f D r y G o o d s
The importations and warehouse withdrawals of dry good a
at this port for the week ending December 24,1896, and since
January 1, 1896, and for the corresponding periods of last
year are as follows:
ri
h
S
*
a
H
00 *-
*3
©
M
*T
U, ! ©
- -*
*a1j C
DV
MV
CO
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©CO | -4 M © CO
© o ' IP**>405'JO00
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r*
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—
L
tVV«XMM
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©
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m©
00^-4
co-4
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© tV
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tO M tOOO tO
S©U1*. ©
COO-tUi'd
m
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M
W' ©W -400O'M©
-I
to VI
»* * I,r00 V i I,
to
• J tO J M 'l
‘- ‘ to
© © ; VI**-©©©
to I © to J WOO to © M
© I ©TO j aTtO Vi ©00
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to © »-* <1 O -n
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COM
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COW (
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to CD ’ M to V» V»OJ
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9J• • O
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9 ;,
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B*
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•d * • :
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2: ®:
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1895.
D ec. 21.
1 2 0 ,0 0 0
1 3 5 ,0 0 0
1 2 2 ,0 0 0
©**
£* **
M
If* w
CO
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WtOM <k-CO
M © O © V*
vi to © M -4
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**■ ©CO M tc ** Vi ©
VI ©M Vi©
•JMO'JICO
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tv CO© *-M V X M
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tv ©tv
Vi WM*a©
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IM
tv
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w © w COto -4 © M
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M *-*M M^
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13,5 06 ,9 7 5
5,4 5 5,55 7
4 ,8 0 9 ,2 8 7
2 ,6 7 6 900
1 ,1 9 2,75 0
Since Ja n . 1.
93
21
.........
1 89 6 .
M ock o f P r in t d o t h . —
D ec. 19.
A| P ro v lfie n o e , 6 4 s q u a r e s .. 4 2 2 ,0 0 0
A t F a ll R iv e r, 6 4 s q u a r e s ... 9 1 1 ,0 0 0
At F a ll R iv e r , o d d s iz e s -----. 9 4 3 ,0 0 0
109,284
939 ,09 8
A ra bia .................................... ..
A fr lo a ........................................
w est In d ie s ..............................
M e i l o o ...................... ............
Oontral A m e rio a ....................
B ooth A m e r io a .......................
O tner C o u n trie s ....................
Wcch
The market has ruled decidedly dull in brown sheetings
and drills on home account and there has been less doing for
export than last week. Export grades coatinue firm, but out
side of these the tendency of prices is in favor of buyers
as it is also in brown ducks and osnaburgs. In coarse
colored cottons the demand has been for limited quantities
only. Most agents are sold up pretty closely on denims, but
there are some stocks available at low prices. Ticks are iu
quite moderate supply and steady; plaids dull and irregular
and checks and strip’ s, cheviots, cjttonades, etc., alow
and featureless.
Bleached cottons have sold slowly
at first hands in all grades and have a downward
tendency. Sales of wide sheetings are limited and cotton
fi innels and blankets ioactive, but no change in prices. Kidfinished cimbrics move indifferently in aa easy market. The
demand for printed fabrics of all descriptions has been on a
moder ite scale. Fancy calicoes in standard grades O B e n ly
quoted at oc. for spring, same price as last season. Ginghams
are dull throughout. Print cloths have been neglected in
regulars and in limited demand for odds. The market is easy
and nominally l-16c. lower at 2 9-16c. for extras.
The value of the New York exports for the year to date has
been $10,705,530 in 1896 against $9,148,164 in 1895.
to
1 89 5 .
[V o l . LXI1).
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THE
D ecembeh 26 ps»b.)
CHRONICLE.
1171
ed that they will be taken by the Auourn Savings Batik. The
securities will bear interest at tbe rate of 4 per cent and ma
ture in twenty-five years from date of issue.
TERMS OP SUBSCRIPTION.
Boston, Mass.—Bond Offering.—Proposals will be received
T he I nvestors’ S upplement will be furnished until 12 o’clock noon December 28, 1896, by City Treasurer
Alfred T. Turner for the purchase of $1,890,000 of 3% and 4
without extra charge to every annual subscriber of the per cent bonds of the city of Boston described as follows :
LOANS—
-— In terest.— , .----------------P rin cip a l.---------------.
C ommercial and F in an cial Chronicle .
Btate
a *ip
C ity V t T A w m m ,
NAME AND PURPOSE.
T he State and City S upplement will also be fur
nished without extra charge to every subscriber of the
C hronicle .
T he Street R a ilw a y S upplement will likewise
be furnished without extra charge to every subscriber
of the Chronicle .
T he Quotation Supplement, issued monthly, will
also be furnished without extra charqe to every sub
scriber of the Chronicle .
TERM S for the C hronicle with the four Supple
ments above named are Ten Dollars within the United
States and Twelve Dollars ia Europe, which in both
cases Includes postage.
Terms of Advertising—(Per Incli space.)
One t im e ______ ____________ _ $3 5 0 I Tnr
Months (13 tim e s)..$ 2 5 00
One Month
(4 tim es).. 11 0 0 Six
onths
(26 tim e s).. 43 00
Iw o Months
(8 tim e s).. 18 0 0 I Twelve Months (52 tim es).. 58 00
(The shove terms tor one month and an ward are for standing oards.
T b e purpose o f this State and City D ep artm en t
is to f irniah our subscribers with a weekly addition to and
continuation of the 8 t a t b a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and c UTections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to briDg down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresn cyclopaedia of information respecting
Municipal Debts.
STATE
AND
CITY INDEX.
In this number of the C h r o n ic l e we publish an
index to all news items printed in this Department
since the issuance of the last St a t e a n d C it y S u pple
m e n t , October 17, 1896.
When the item includes later
figures of debt, assessed valuation, &c., full face types
are used for the reference. Items published in to-day's
C h r o n ic l e are not noted in the index. This index
will be published the last Saturday of each month.
Boston Subway Lease,—As stated in our Railroad Depart
ment in the C h r o n i c l e of December 12 and 19, 1896, the city
of Boeton has leased tbe subway to the West End Street Rail
way Company. Under this lease the railway company agrees
to pay for the use of the subway a sum equal to at least 4% per
cent of $7,000,000, or
per cent of the net cost of the sub
way if such cost be lees than $7,000,000. This compensation
will be paid to the city in quarterly payments on the last day
of December, March, June and September in each year. The
lease ia for twenty years, beginning at the time when the
right to use the subway or any portion thereof first accrues.
B on d I'ro p o sa ls m id S c g o lla tio iid .-W e have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Allegheny. Pa.—Bond Offering.—Proposals will be received
until 3 o’clock p. in., Jaouarr 5. 1897. by City Comptroller
James Brown, for the purchase of $400,000 of 4 percent water
bonds to be dated dated December 1, 1896. Semi-aomiai in
terest. will be payable on tbe first days of June and Decem
ber at the office of the City Treasurer, and the principal will
mature as follows ; $66,000, December 1, 1901 ; $66,000, De
cember 1. 1906 ; $66,000, December I. 1911 : $86,000, Decem
ber 1. 19:6 ; $68,000, December 1, 1921, and $68,000, Dace ru
ler 1, 1928. A ceriifbd check for 5 per cent, of the amount
bid for must accompany each proposal.
Arlington. .Mam .—Bond Sale. - I t is reported that this town
has disposed of $50,000 of foriy-year sewer bonds at 108.
Aubdrn, Me,—Bonds Authorized. —Bunds of this city to
the amount of $16,000 have been authorized, and it is report
P .O l. P a y a b le.
Construction of highways. 3^2
J& J
S ch o o l im p r o v e m e n t..........4
V a rio u s m u n icip a l..............4
J& J
J & J
Public parks.................... 312 J & J
When D ue.
A m oun t.
Jan. 1, 1917
$500,000
Jan . 1, 1 9 1 7
J an . 1, 1 9 0 7
3 0 0 ,0 0 0
5 9 0 ,0 0 0
Jan. 1, 1927
500,000
The bonds will be issued in registered certificates of $1,000
or any multiple of this sum, and interest will be payable
semi-annually at the office of the City Treasurer. Each pro
posal must be accompanied by a certified check for the sum
of 1 per cent of the amount of the loans bid for. The certifi
cates will be ready for delivery January 1, 1897.
Tbe above loans will be secured by sinking funds providing
for tbe payment of the same at maturity.
B arrillville, B. I .—Bond Sale.—On December 23, 1896,
$50,000 of 4 per cent gold highway improvement bonds of
this town were awarded to the Third National Bank of Boston
at 103'39. The securities will be dated Jan. 1,1897, and $20,000
of the amount will fall due on January 1, 1907; $10,000 will
fall due January 1, 1912; $10,000 ou January l, 1917, and
$10,000 on January 1, 1922. Interest will be payable in gold
semi-annually on January 1 and July 1, in Burrillville.
Delta County, Cal.— Bond Sale.—Refunding bonds of
this county to the amount of $21,600 have recemly been sold
to the Bellan-Price Investment Company of Denver, Col, The
securities bear interest at the rate of 6 per cent and mature in
1916, subject to call at the option of the county after 1906.
These bonds were authorized for the purpose of refunding an
issue of like amount bearing 8 per cent interest on which the
'en-year option has expired. The bonded debt of the county,
including this issue is $73,609 and the floating debt is $1,163;
cash on hand, $8,268; the assessed valuation in June, 1896,
was $1,003,396. The population in 1890 was 2,534.
D unkirk, N. Y.—Bond Sale.—Water bonds of this munici
pality to the amount of $100,000 have been sold to Street,
Wykes & Co. at 101-625. Sixteen bids were received. The
securities will bear interest at the rate of 4 per cent and
mature in twenty years from date of issue.
Dubuque. Ia .—Bonds Unsold.—Refunding bonds to the
amount of $360,000 were recently offered for sale by this city,
but all tbe bids received being unsatisfactory, the bonds were
not disposed of. The securities will bear interest at the rate
of 4 per cent and mature in twenty years from date of issue.
East Liverpool, Ohio.—Bond Sale.—On December 19,1896,
school building bonds to the amount of $6,004 were awarded
to Messrs. S. Kuhn & Son of Cincinnati for a premium of
$288. The bids received were as follows :
8. K u hn & S on, C in cin n a ti..................................................................$6 ,2 8 8 0 0
F arson, L eaoh & C o., C hicago ................................. - .......... ............ 6 ,2 7 6 00
SeasODRond, M ayer C o.. C in cin n a ti............................... .................. 6 ,2 6 5 6 0
R u d olp h K le y b o lte * Co., C in cin n a ti...... .................................... 6 ,2 5 2 00
W. G M oC ullongh, W ellsvllle, O h io ........... ................................. 6 ,2 4 0 00
F irst N ational B ank.______ . . . . . . . . ...... ............ ...................... .
6 ,2 1 6 00
S pitzer & Co., T o l e d o ... . ............................................ ....................... 6 ,1 3 2 00
A . M. R ose & Co., Ilio n , N. Y ................. ........................................... 6 .0 9 0 0 0
P otters N ational B a n k ........... ............................................................ 6 .0 1 0 0 0
Two other bids were received too late for consideration.
Tbe securities will ee dated January 1, 1897 ; interest at the
rate of 6 per cent will be payable semi-annu illy at the office
of the City Treasurer, and the principal will mature at the
rate of $2,000 yearly, beginning January 1, 1900.
Far llockaway, N. Y.—Bond Election.—Oa D ‘cember29,
1896, a special election will be held in the village of Far
Rockaway to vote on the question of issuing $85,000 of streetimprovement bonds. The securities if authorized will bear
interest at the rate of 5 per cent, payable semi-annually on
the first days of January and July, and tbe principal will ma
ture part yearly from January 1, 1898, to January 1, 1932.
Tbe denomination of tbe bonds will be $1,000, with the ex
ception of one bond, which will be for the sum of $61,000.
The proposition to issue $35,000 of sewer bonds will also be
put to a vote of the people on the same date.
Hillsborough Bridge Village Fire District. N. H.—Bond
Offering.—Proposals were to be received until 7 o’clock P. M.,
December 25, 1896, by Stephen Denison, Chairman of the
above district, for $45,000 of water bonds. The securities are
to be coupon bonds of the denomination of $1,000. They will
be dated January 1, 1897, 4 per cent interest will be payable
semi annually on January 1 and July 1 at the First National
Bank of Hillsboro Village, N. H., and the bonds will mature
January 1, 1917.
Holyoke, Mass.—Bond Offering.—Proposals for the pur
chase of $250,000 of water bonds will be received at the office
of City Treasurer Pierre Bonvouloir until 8 o’clock P. M.
Dec. 29, 1896. The securities will be coupon gold bonds of
tbe denomination of $1,000, dated Jan. 1, 1897, and payable
Jan. 1, 1927. Interest at the rate of 4 per cent will be payable
semi-annually on January 1 and July 1. Both principal an d#
interest will be payable in gold at the National Hide &
Leather Bank of Boston.
The official advertisement o f this bond sale will be found
elsewhere in this Department.
1172
THE
CHRONICLE.
Iis n lcb , Mass.—Bond Sale.—It is reported that water
bonds of this place amounting to $8,000 have been sold to
Messrs. N. W. Harris & Oo. at 108-875. The securities bear
1 per cent interest and mature in 30 years.
Lee Comity, Ala.—Bonds Authorized—County Treasurer
John M. Muffin reports to the Chronicle that $25,000 of 6
per cent 20 year gold coupon court-house bonds of ]> e
County have been authorized. Interest on the securities will
be payable semi-annually, and they will be offered for sale
about January or February, 1897.
The above bonds will be exempt from city and county tax
ation.
Long Branch, N. J .—Bond Sale.—The Ed ward C. Jones Co.
have been awarded §10,000 5 per cent refunding bonds of
Long Branch at 100-50. The loan will mature in eighteen
years and six months from date of issue.
New Bedford, Mass.— Bond Sale. —This city has sold $400,000 of -4 per cent gold coupon water bonds at 108-857. The
bids received for the loan were as follows :
R . L. D a y & Co. an d E stabrootc A Co
G eo. A. F ern ald & C o ................. ...........
Blaise B ros. A O o ................. .
...........
E. H G a y A Oo....................................... .
C. H . W hite A C o .....................................
J. W . L on g a treet A C o ...........................
T ow er, G ld d iu gs A C o ............................
E d z e r ly A O rook er...................................
Cushm an, Fisher A P h e lp s ..................
Cushm an. F ish er A P h e l p s ................
C ushm an, Fisher A P h elp s...................
C ushm an, F ish er A P h e l p s . . . . . . . . . . .
.103*857
.1 0 8 -5 6 7
.1 0 8 4 1 5
.1 0 8 01
.107-78
.1 0 7 -7 6 3
.1 0 7 736
.1 0 7 -3 3 9 2
.1 0 7 -3 2
.1 0 7 -6 5
.1 0 7 -9 8
.1 0 3 -31
The bids received from Cushman, Fisher & Phelps were for
$100,000 each. This loan is part of an issue of $1,200,000 au
thorized in 1894, Interest will be payable semi annually, on
the first days of January and July, and the principal will
mature January 1, 1927. Principal and interest will be
payable in gold.' The denomination of the securities will be
$1,000, and they will be secured by sinking funds.
New Britain, Conn.—Bond Sale.—It is repoited that $10,000 of improvement bonds of this city have recently been sold
to Messrs. E. H. Gay & Co. of Boston. The bonds bear inter
est at 4 per cent.
New Orleans, La.—Bond Neivs.—An act recently passed
by the Louisiana Legislature, creating a Drainage Commission
of the City of New Orleans, authorizes the issuance of $5,000,000 of bonds for the proposed drainage system to the city.
The Commission has organized and has taken up the matter
of the bond issue, but any decided action has been postponed
with the hope of securing constitutional recognition of the
bonds later on.
Newton, Mass.—Bond Sale.—It is reported that the $100,000
highway bonds offered on D-cember 21, 1896, by the city
of Newton were awarded to J. W. Longstreet Sc Co. at 110-07
The securities will be d ited Dec. 1, 1896, and become due.
Dec. 1, 1936. Interest at the rate of 4 per cant will be payable
semi annually on June 1 and Dec. 1 at the National Revere
Bank, Boston, or at the office of' the City Treasurer. The
bonds wi'.l be either coupon or registered and are to be o f the
denomination of $1,000.
of
P ort Huron, Mich.—Bond Sale.—Refunding bonds of this
city to the amount of $25,000 have recently been sold at par.
The securities bear interest at the rate of 4 per cent, payable
semi annually. They will be dated January 1, 1897, and will
become due January 1, 1927, subject to call at the option of
the city after January 1, 1922. The above bonds were issued
for the purpose of retiring the following loans :
P u b lic b u ild in g b o n d N o. 94, d u e D e c . 7 ,1 8 9 6 ................................... $ 3 ,0 0 0
S ew er b o n d N o. 2 9 1 , d u e D ec. 7, 1 8 9 6 ...... ........................................... 1 ,0 0 0
-R efunding b on d s N os. 1 to 50, d u e Jan . 1 ,1 8 9 7
.. .
. 5 ,0 0 0
R e fu n d in g b on d s N os. 1 to 20, d ue Jau . 1, 1 8 9 7 ............................... 1 0 ,0 0 0
R e fu n d in g b on d s N os. 4 1 to 4 2 , dne Jan . 1 ,1 8 9 7 ..........................
3 ,0 0 0
R e fu n d in g b on d s Nos. 4 8 a n d 4 9, due J an . 1, 1 8 9 7 ........................ 1 ,0 0 0
R e fu n d in g b on d s N os. 1 2 4 and 125 , due J a n . 1 ,1 8 9 7 ................. 2 ,0 0 0
Borne, N. Y.—Bond Offering.—Proposals for the purchase
of $ 12,600 of bonds of this city were to have been received
until 3 o’click P. ll. on Dscember 24, 1896. by the City Chamberhin, K. S. Putnam. The securities will be dated January
1, 1897, and will mature as follows: January 1,1898, $4,600, on
January 1, 1899, $4,000, and the balance on January 1, 1900.
Interest at the rate of 4 per cent will be payable semi
annually on January 1 and July 1 at the Farmers’ National
Bank of Rome. The bonds will be registered and will be of
the denomination of $500, except one bond which will be for
$100. This issue is for the purpose of paying off relief bonds
which fall due on January 1, 1897.
The city’s bonded indebtedness, not including this issue
is $356,855, of which $165,000 is water debt. The assessed
valuation for 1896 was $5,011,673 and the population in 1890
was 14,991.
St. Albans Academy and Graded School District, Yt.—
Bond Offering.—Proposala will be received until 12 o’clock
noon, December 30, 1896, for the purchase of $25,000 of
coupon school building bonds of this district. The securities
will bear 4 per cent interest, and the principal will mature at
the rate of $1,000 yearly, beginning December 30, 1897. The
bonds will be issued in denominations of $500 and $1,000.
Sharpsburg, Pa.—Bond Sale.— It is reported that 4 per
cent sewer bonds of this borongh to the amount of $60,000
have been purchased by Messrs. C. H. White & Co. of New
York. The securities will be exempt from -State taxes.
[V ol . LXII1
Stoneham, Mass.— Bond Sale — Sewer bonds of this city
to the amount of $12,000 have been sold to Dieiz, Dennison
& Prior at 105-417. Three other bids were received. The se
curities will bear interest at the rite of 4 per cent and mature
in about 20 years and 4 months from date of issue.
Three Oaks, Mich.—Bonds Authorized—The people o f this
village have voted to issue bonds for the purchase of an elec
trie light plant.
W illiam sport School District, Pa.—Bond Offering—P ro
posals will be received until 8 o’clock P . M ., January 12,
1897, by the President, Secretary and Treasurer of the above
school district for the purchase of $50,000 of couoou bonds.
The securities will be of the denomination of $500, bearing
interest at the rate of 4 per cent, payable semi-annually.
They will be dated February 1, 1897, and will be payable in
series as follows : Series A, $13,000, redeemable in from 1 to 5
years : series B, $13,000, in from 5 to 10 years, and series C,
$20,000, redeemable in from 10 to 15 years. These bonds will
be free from taxation.
The school district at present has no bonded debt. The as
sessed valuation is $9,642,862 and the pooulation is estimated
at 36,000. Mr. Andrew Ott is Secretary of the district.
S T A T E AND C IT Y D E B T CHANGES.
W e s u b jo in r e p o r ts a s
th e la s t
So m e
of
of
p u b lic a tio n
of
to
our
m u n ic ip a l
State
d e b ts r e c e iv e d
and
Cit y
th e se re p o r ts a re w h o lly n e w a n d o th e r s
in fo r m a tio n a d d it io n a l t o th o s e g iv e n
in
s in c e
Supplem ent
c o v e r ite m s
th e S u pple m e n t
a n d o f in te r e s t t o in v e s t o r s .
Trenton, N. J .—W. J. B. Stokes, Treasurer. The follow
ing statement has been corrected to March 1, 1896.
Trenton is in Mercer County. The sinking funds are well
maintained, and the water works are much more than self
supporting.
LOANS—
/— In te rest.— , ,-------------- P r in c ip a l
O u tstan d’ g »
NAME AND PURPOSE.
R ate. P a y a b le.
W hen D u e.
A lm s H o u s e ................ 1 8 9 4 4
...............
1904
$ 1 ,7 0 0
C o u p o n b o n d s ............ 1 8 9 5 4
F A A A u g . 1 ,1 9 0 0 t o ’ 09
7 9 .0 0 0
($ 7 ,9 0 0 due y e a rly .)
S em i-an.
1897
3 ,5 0 6
1 89 9
1 4 .0 0 0
do
1 91 2
1 8 9 2 ......... 4
4 5 .0 0 0
4
F u n d in g , 1 8 8 1 ...........
J A J
J u ly 1, 1911
1 7 0 .0 0 0
4
do
1 8 8 5 ...........
M A N
M a y 1, 1 905
1 3 0 .0 0 0
G a rb a g e c r e m a t ’y . . .1 8 9 3 4
M a y 1 5 ,1 8 9 8
8,000
P ark im p r o v e m e n t. .1 8 9 1 5
D eo. 1, 1 91 6
5 .0 0 0
do
do
J A D
J u n e 1 5 ,1 9 1 3
.1 8 8 8 4
6 9 .0 0 0
do
do
M
a
y
1,
1
91
6
4
2
5
.0 0 0
.1 8 9 1
J u ly 1, 1 9 1 7
do
do
.1 8 9 2 4
5 .0 0 0
do
do
1 89 3 4
2 7 .0 0 0
1 91 8
1906
P a v e in ., C lin to n A v e .1 8 9 6 4
4 .0 0 0
D eo. 1 5 ,1 9 1 0
P o lic e D e p a rtm e n t. 1 8 9 0 4
1 8 .0 0 0
do
1 905
do
1 89 5 4
6.000
F e b . 1 5 ,1 9 0 2
3 ,2 0 0
P o o r e m e r g e n c y ___ 1 8 9 2 4
1905
5 ,7 0 0
P o o r , a lm s h . A p r in t ’ g . ’ 95 4
S c h o o l B o n d s—
1 4 .0 0 0
A u g . 1, 1 901
S ch o o l h o u s e .............. .1 8 9 1 5
4 ,5 0 0
do
M ch . 1, 1 89 9
M A S
d o .............. .1 8 8 9 4
6,000
D eo. 1 5 ,1 9 0 0
do
d o ............. .1 8 9 0 4
22.000
F eb . 1 6 ,1 9 1 1
do
d o .............. .1 8 9 1 4
1 8 ,0 0 0
do
d o .............. .1 8 9 3 4
M a y 1 5 ,1 9 1 3
9 .0 0 0
do
d o .............. .1 8 9 2 4
O ot. 1 , 1 9 1 7
6.000
J a n . 1 6 ,1 9 1 8
do
d o .............. .1 8 9 3 4
1914
1 8 ,0 0 0
do
d o ............. .1 8 9 4 4
10,000
O ot. 1, 1 8 9 7
A A O
S p eola l s e h o o l-h .lo a n .1 8 8 7
J
J u ly 1, 1 90 8
12,000
do
do
do
.1 8 8 8
8,000
O
O et. 1, 1 90 8
do
do
do
.1 8 8 8
2 2 .6 0 0
D e c . 1, 1 901
Server b o n d s .................1 89 1
2 8 ,0 0 0
A u g . 1 ,1 9 0 2
do
1 89 2
2 6 ,0 0 0
S ept. 1 ,1 9 0 2
do
1 89 2
J a u . 1 4 ,1 9 0 3
3 9 .0 0 0
do
........ . . . . . 1 8 9 3
4 5 .0 0 0
A u g . 1 , 1 90 3
do
..................1 89 3
101.000
1 90 4
do
1 89 4
2 4 0 .0 0 0
1905
do
..................1 89 5
2 6 ,3 0 0
1906
do
..................1 89 6
r , ( J u n e 16, ’ 9 7 -1 9 0 3 )
3 0 .0 0 0
J A u l $ 5 ,0 0 0 y e a rly . ]
V o lu n te e rs , 1 8 6 4 ................... 6
' F e b . 9 ,1 8 9 7 -1 9 0 0 )
4
0 .0 0 0
6
F A A
do
1864.
$ 1 0 ,0 0 0 y e a rly . ]
C ham bf . r s b u r o B o n d s , A ss u m e d :
1 3 .0 0 0
P a rk s, 1 8 8 8 .......... ................. 5
A A O
A p r. 2 0 ,1 9 1 3
S u b je ct to ca ll in 1 89 8 .
3 6 .0 0 0
R e d e m p tio n , e t c . ..1 8 8 5 -6 5
S em l-au.
1905 A 1906
S u b je ct t o ca ll a fte r 1 0 yea rs.
L o a n s P a y a b l e b y Sp e c i a l A s s e s s m e n t :
A sse sse d u p o n c i t y 5 ,4 2 1
1 901
s tr e e t im p r o v e m e n t .. 1 891
7 ,1 8 5
1 903
..1 8 9 3
do
do
1 ,9 3 0
O
ct.
1
5,
1
89
9
..1 8 8 9
do
do
2 ,7 3 3
A p r. 1 5 ,1 9 0 0
..1 8 9 0
do
do
2 ,2 7 5
F e b . 1 6 ,1 9 0 1
do
..1 8 9 1
do
2 ,4 8 3
A u g . 1, 1 90 2
..1 8 9 2
do
do
3 ,8 0 1
1 90 4
..1 8 9 4
do
do
1 2 ,6 2 5
1 90 5
do
..1 8 9 5
do
A sse sse d u p o n p r o p e r t y b e n e flte d N o v . 1 5 ,1 9 0 3
....
P a v e n ie n t ....................... 1 8 9 3 5
1901
do
....................... 1 891 4-5
O ct. 1 5, 1 899
.1 8 8 9
A A O
do
A p r . 1 5, 1 900
.1 8 9 0
do
A u g . 1, 1 90 2
.1 8 9 2
do
1904
.1 8 9 4
do
1905
.1 8 9 5
do
W a t e r L oans R epo rte d Se p a r a t e l y :
M A N
J u n e 1, 1 89 8
C ity w a t e r .................... 1 87 8 5
M a y 1 5 ,1 9 1 3
do
.................... 1 8 9 3 4
1 905
C lia m bersb u rg w a te r, 1 885 5
F e b . 5, 1 906
F A A
do
do
1886 5
J u ly 1, 1 90 6
J A J
do
do
1886 5
1 90 7
J A J
do
do
1887 5
INTEREST is payable at Treasurer's office in Trenton.
2 2 ,8 1 5
4 6 ,5 0 4
4 9 ,0 7 0
1 6 ,9 6 7
1 5 ,5 1 7
1 9 ,8 9 8
1 7 ,8 7 5
5 .0 0 0
7 5 .0 0 0
11.000
5 ,0 0 07 .0 0 0
20.000
D ecember 26, 1896.j
THE
CHRONICLE,
T O T A L D E B T . E t c .—T h e su b jo in e d sta tem en t 6 how s T re n to n ’ s
tota l m u n icip a l d en t, th e lin k in g fu n d h eld b y th e c it y a ga in st th e s a m e ,
a n d th e w a ter d eb t o n M arch 1 ,1 3 9 6 , 1 895 a n d 1891, a n d in 1893.
M a r. 1, ’ 9 6. M ar. 1, ’ 95. M ar. 1, ’ 91.
1893.
T o ta l b o n d ed d e b t . . . .$ 1 ,7 7 5 ,9 0 0
$ 1 ,6 2 0 ,1 0 0 $ 1 ,5 3 5 ,2 0 0 $ 1 ,7 9 3 ,1 0 0
S in k in g fu n d s ...............
4 6 3 ,2 2 4
5 6 5 ,6 7 6
5 9 2 ,5 6 3
5 6 1 ,6 3 1
N et d e b t .........................$ 1 ,3 1 2 ,6 7 6
$ 1 ,0 5 1 ,4 2 1 $ 9 4 2 ,6 3 7 $ 1 ,2 3 1 ,8 6 6
W ater d e b tin c . a b ov e. $ 1 2 3 ,5 0 0
$ 2 3 3 ,5 0 0 $ 2 8 5 ,5 0 0
$ 2 1 0 ,0 0 0
In a d d itio n to the b on d ed d eb t as g iv e n a b o v e .th e c it y had o u t s ta n d
in g o n M arch 1, 139 », $ 1 1 5 ,6 0 0 o f s ew er certifica tes an d an u n fu n d ed
In d eb tedn ess o f $ 4 1 3 ,3 2 5 .
(
C I T Y P R O P E R T Y .—T he to ta l va lu e o f p ro p e rty ow n e d b y th e c ity
Is e s tim a te d a t $ 2 ,3 3 0 ,0 0 0 , in clu d in g th e w a ter w ork s v a lu e d a t
$ 1 ,5 0 0 ,0 0 0 .
|
A S S E S S E D V A L U A T I O N .—T h e c it y ’ s assessed va lu a tion an d t a x
r a t e h a v e been as fo llo w s , p ro p e rty b ein g assessed “ a ta b o u t on e-h a lf
a c t u a l v a lu e .’ ’
P erson a l
Real
Net
R a te o f Tax
Estate.
P rop erty.
D ed u ction s.
Years.
V a lu a tion . p e r $ l 0 0 0 .
$ 2 8 ,2 1 2 ,7 0 3 $ 2 1 -0 0
1 89 4 . . . $ 2 2 ,2 0 9 ,1 2 6 $ 5 ,9 4 3 ,5 7 7
7 .2 9 6 ,3 1 3
1 9 ,7 0 5 ,3 0 2
1 993 . . .
2 8 ,0 0 1 ,6 4 5
19-50
7 ,3 0 1 .6 8 2
2 8 ,7 0 0 ,5 4 5
17-50
1 8 9 1 . . . . *21,455,863
6 ,9 8 1,64 3
1,4 3 4,95 9
1 8 9 0 . . . . 2 0 ,1 9 9 ,1 6 2
2 5 ,0 9 5 ,8 4 0
.........
P O P U L A T I O N .—In 1 99 0 p o p u la tio n w a s 5 7 ,4 5 8 ; in 1 880 it was
2 9 ,9 1 0 .
Hamilton County, O h i o . —The follow ing statement has
been corrected to Dec. 2, 1896, by means of an official report
to the C h r o n i c l e f r o m John Hagerty, Auditor.
O uoty seat la Cincinnati.
LOANS—
W hen D u e.
A o k io l i .t u r e I m i *. S o c ie t y —
5*. J a J , * 1 0 ,0 0 0 ........J u ly 2, 1898
A k m o r y Bo n d s—
4s. AAU, $15,000...Apr. 30, 1 919
4s. J a D , l o o .o o o . ,.I>cc. 1, 1937
8ui
to cu ll a fte r D ec. 1, 1 917
A v e n u e 1Mr. —
4 a , J .tJ . $ 3 0 , 0 0 0 ...J u ly 1, 1 89 7
4-«, M.V-S,
1 4 ,0 0 0 ...S *pt. 1 3 ,1 8 9 3
4a , F A A ,
4 5 ,6 0 0 ..F u o . 14 1997
($ 1 5 .2 0 0 due y T iy ) to Feb. 14, 1899
4s, F x A , $ 5 -4 .0 0 0 ...O ct. 15, 1897
4s, F eb . 7. 3*2,000. ..F eb . 7 , 1997
$ 4 ,0 0 0 d u e y 'r ly j to F eb . 7 , 1904
j
LOANS—
When D u e.
i L o n g v ie w I m p t . (C on.)—
; 4s. J a D, $ 3 0 ,0 0 0 ... Deo. 12, 1921
S u b lect to ca ll a ft. D ec. 12. 1911
4**, FAA. $30,000. ..F e b . 6, 1M22
| S u b ject to ca ll a ft. F eb . 6 ,1 9 1 2
M a r v in ' s ft u s D itc h B onds —
I 4s, F A A , $ 1 2 ,5 0 0 ___ F eb . 2 1, 1899
j F l a t t in g —
la .J A J , $ 1 2 ,2 3 0 ...J a n . 2 2 . 1903
4s, FA A,
2 4 .5 0 0 ..F eb . 1 ,1 9 1 9
S u b ject to ca ll a ft. Feb. 1, 1909
4«, J a D. $ 1 5 ,0 0 0 J u n e 1 ,1 9 2 2
S ubject to ca ll a ft. J u u e 1, 1912
R e a l Es t a t e R e c o r d —
5s, V ar., $30,0430...V a riou s, 1915
S ubject to c a ll a fter 1905
4s, OertL 3 1 ,$ 4 0 ,0 0 0 .. O ct. 3 1, 1899
4s. M
5 8 .0 0 0 . .Bept. 1, 1901 5s, V ar., $ 5 ,5 0 0 .J en . a Feu., 1916
S
u b ject to ca ll a fter 1906
4(1*000. NoV. 1, 1902
4 s. M AN',
$ 4 ,5 0 0 . ...Mar. 1, 917
4 s, F eb. 7, 2 0 .0 0 0 . F eb . 7 ,1 9 0 4 5s. M A S,
S u b ject to ca ll a ft. Mar. 1, 1917
4 s, F eb. 2 9, 7 5 .0 0 0 . Feb. 29, 1904
1 7 .0 0 0 .
.J u ly 11, 1904 R o a d an d A v e n u e B o n d s —
4 s. J A J .
1 5 .0 0 0 . .O ct. 1. 1905 5s,M ar.l4,$22,04K).M itr. 14, *98- 04
4 s, A & O ,
I J u u e 16, 1916 4s, G et. 2 0, 6 ,5 0 0 . ..O ct. *20, 1901
4s, J 4 1 ),
9 .5 0 0 ..
Nov. 2 5 ,1 9 14s,
6 J u ly 1, 2 7 ,oO O ...J u ly 1 ,1 9 0 2
4s, M A N .
4s, J A D , 3 0 ,0 0 0 . .D ec. 1 2 ,1 9 1 1
IXlCNTT BO
5 » , J a D, $ 1 5 0 ,0 0 0 ... D ec. 16, 1914 IIs, J A D .
7 0 ,0 0 0 ..J u n e 1. 1912
S u b je ct to e»U a ft. D ec. 16, 1901 I4a, M AN , 4 5 .0 0 0 ..N o v . 1, 1913
1 3 ,0 0 0 . ..J u n e 3 0, 1914
4a. M A N ,
.6 0 ,o O O ..M a y 1...............
5 ,1 9 1 6 ' is , J A D ,
4a, A A O ,
2 9 ,0 0 0 . ..O c t . 1, 1914
Co u r t H o u se —
5a, F A A , $.50,0043... A ug. 1 .1 9 3 4 4s, O ct. *25, 90,04343.. .O ct. 2 5, 1913
S u b ject to ca ll a ft. O ct. 2 5 ,1 9 0 3
s u b je c t to ca ll a ft. A ug. 1, 1914
T a x D u p l ic a t e —
5s. J a D . $ 3 5 , i HM3.. . D ec. 1 .1 9 3 4
S u b je ct to ca ll a ft. D ec. 1, 1914 5a, M AN . $ 6 5 .0 0 0 ...M a y 1 ,1 9 1 5
S u b ject t o ca ll a ft. M a y 1, 1905
4s. J a ii. $ 1 5 ,0 0 0 ... J u u e 1 .1 9 3 4
T u r n p ik e B o n d * —
s u b je c t t o ca ll uft. J u n e 1 ,1 9 1 4
1. 1935 5a, Sept. 1 6 ,$ 1 2 ,0 0 0 .Sept. 16, 1903
i
S u b ject to ca ll a ft. M ay 1, 1915 4*. J A D , 2 0 ,0 0 0 -D eo 1*2,1911
'W.. J
D. 7
$ 1» 2 5 ,0 0 0....J
4#a
0(1',
.. « u u er 1 *, 1936 4 s. J A D , 3 1 ,0 0 0 ...D e c. 24, 1912
s u b l e t to ca ll a ft. J u u e 15, 1916 4s, M AN , 1 4,4 00 . .M ay 31, 1913
4 «, M AS, 2 7 ,0 0 0 .- S e p t . 1 ,1 9 1 9
Purr. A-w e h s o r s * R e l ie f —
S u b ject to ca ll a ft. Sept. 1, 1909
4 a. J a J . $ 2 0 ,0 0 0 . .Jam 1 5 ,1 9 0 1
T ota l d eb t D ec. 2 ,1 8 9 6 . $ 2 ,5 6 2 ,2 8 0
F a i r G r o u n d s K x t . A I m p .—
41,9 83
5s, J u ly 16, $ 1 0 ,0 0 0 .J u ly 16, 1902 S in kin g fu n d ........ .......
N et d eb t Deo. 2 .1 3 9 6 .. 2 ,5 2 0 ,2 9 6
L o n g v ie w I m p r o v e m e n t —
5*. A A O , $ 2 5 ,0 0 0 ..O ct. 1 ,1 9 1 6 T a x v a lu a tion , rea l— 1 8 9 ,3 7 4 .-0 0
s u b je c t t4» ca ll a ft. O ct. 1, 1906 T a x valurtt’ n, p erson a l. 4 7,1 16 ,1 9 0
5s. J a D, $ 5 0 ,0 0 0 ...D ec. 1 .1 9 1 7 T ota l va lu a tion 1 8 9 6 ..2 3 6 ,4 9 0 .3 9 0
S u b je ct to ca ll a ft. D ec. 1, 1907 T ot <*l t a x ( p e r $ 1 ,000)’ 9 6 — $26*43
5 s, A A > , $ 2 5 ,0 0 0 ...N ov. 1 .1 9 1 8 P op u la tion In 1890 w a s— 374 ,57 4
S u b je ct t o c e i l aft. N o r. 1, 1903 P op u la tion in 1 880 w as— 3 1 3 .3 7 0
P op u la tion in 1896 (e a t.)..5 00 ,00 0
New London, Conn.—James P, Johnston, Mayor. The fol
lowing statement has been corrected to date b y means of a
•peciil report to the Chronicle from John McGinley, City
Treasurer.
The oonds of New London are chiefly held by Baving banks.
The town and city are under one goyernment and the follow
ing statement includes both.
New London is the county seat of the county of the same
same.
a— In terest.— ( ------------ P rin cip a l.-----------Outstanel'a.
R ate. P a ya b le. When Due.
NAME a n d p u r p o s e .
Jan. 1, 1905 $ 1 0 0 ,0 0 0
j & j
7
F lo a tin g d e b t b on d *..
2 5 .0 0 0
.. 1918
M A N
Park bond *............................
4
2 1 ,0 0 0
.. 1919
j & j
S ch o o l b o n d * ................................. 4
6 3 .0 0 0
.. 1920
4
j & . t
do
do
40.0 00
..
1924
J
A
J
4
do
do
6 0 ,0 o 0
.. 1 9 -5
J A J
4
do
do
10.0 00
..
1917
j
&
j
4
8 c w er b o n d * ........- ..................... - 4
3 5 ,0 0 0
J u ly 1, 1911
j & j
do
d o ................................. 3
2 5 0 ,0 0 0
Jan. 1, 1900
J A J
7
W ater b o n d s ...........-..................... 7
1
10.000
.. 1919
J A J
4
4o
d<
6 0 ,0 0 0
.. 1924
....
1
do
I N T E R E S T on the b on d * Ih p a y a b le a t th e office o f the T reasurer.
T O T A L D E B T .—T h e t o ta l b on d ed d e b t o n D eo. 1 5 ,1 3 9 6 , w a s $780,O0O; flo a t in g 'L »t. a d em an d n ote a t 4 p e r ce n t, $ 2 0 .0 0 0 ; t o t a l d e b t,
tig fun d. $ 2 ,7 2 0 , an d n e t d eb t, $ 7 9 7 ,2 8 3 . T h e w a ter
LOANS-
d e b t o f $ 4 2 6 ,0 0 0 I* In clu d ed .
C I T Y P R O P E R T Y —The city o w n s the G roton fe r r y and the c ity
w a ter w ork*.
A S S E S S E D V A L U A T I O N in 1 89 0 w a s $ 9 ,3 9 6 ,5 0 0 and th e t a x rate
n «r *1.0430 vraa $16*00. In 1994 va lu a tion , $ 9 ,3 3 3 ,5 7 7 ; t a x rate, per
1173
$ 1 ,0 0 0 , $16-00. R eal esta te is t a x e d a t a b o u t tw o -th ird s its actu a ^
v a lu e. I n 1 888 th e g ra n d list w a s $ 7,6 9 9 ,3 2 1 .
P O P U L A T I O N —In 1 89 0 p o p u la tio n w as 1 3 ,7 5 7 ; in 1 8 8 0 it w a s 1 0 ,
5 3 7 ; in 1 87 0 it w as 9 ,5 7 6 . P o p u la tio n in 1 89 6 (estim ated ) 15,000.
Sprin gfield, Mass.— Henry S. Dickinson, Mayor. The fol
low ing statement has been corrected to Dec. 10, 1896, by
means of an official report to the C h r o n i c l e from E. T. Tifffc,
City Treasurer.
This city is in Hampden County.
LOANS—
NAME AND PURPOSE.
/— In terest.— x ,-------------- P rin cip a l,---------------■
>
P .C L P a ya b le.
When Due.
OutstancTg.
B u ild in g n o te s, 1 8 9 5 ........... 3 '2 J & J £ ^ ^ S O O ^ e a r l y 8 £ $ 1 3 ,0 0 0
J u ly
1, 1902.
C ity b u ild in gs, g ’ d, 1 8 9 2 ... 4 g J & J
..................
5 0 .0 0 0
C ity uotes (s ch o o l)................ 4
J & D
D ec. 1, 1897
15.0 00
N ov. 1, 1897
d o ^engine house) 1 8 9 6 . 4
3 .0 0 0
N ov. 1, 1898
do
do
1896. 4
3 .5 0 0
N o v . 1, 1899
do
do
1896.
5 .0 0 0
do
do
1806.
N ov. 1, 1900
5 .5 0 0
d o (fire a p p a ra tu s, c.)
5 A ug. l , ’9 7 to 1 90 0 }
2 4 .0 0 0
1896. ^
- - - - - - - 1 $ 6 ,0O0 yea rly.
20.000
E n gin e hou se b o n d s ...1891 4
M& ~
S
Sept. 1, 1901
2 9 .0 0 0
F ire D ept, b on d s, i e g . 1894 4
June
J u n e 1, 1 904
do
do
r e g .1 8 9 4 4
N ov.
N ov. 1, 1904
6 .0 00
2 5 .0 0 0
S ch o o l b o n d s, g ’ d, r e g . ’ 9 3 . 4 g J & J
J u n e 1, 1903
3 5 .0 0 0
do
do
g ’ d, r e g . ’ 9 5 . 4 g A A O
O rt. 1, 1915
8 e w e r b o n d s ..............1 8 9 1 .. *
J u ly 1, 1906
7 0 .0 0 0
J’ A' J
do
M a y 1, 1907
3 5 .0 0 0
d o g ’d , 1 89 2 ....... 3 * 2 g M & N
( A p r. 1, 1897 >
W ater b onds......... 18 7 3 -7 4 .. 7
A & o ($ 2 5 ,0 0 0 yea rly , s 1 5 0 ,0 0 0
A A O
A p r. 1, 1903
7 7 5 ,0 0 0
do
do ........ 1 8 7 3 -7 4 .. 7
A A o
do
do
.1 8 7 5 .. 6
A pr. 1, 1905
2 0 0 ,0 0 0
A p r. 1, 1913
do
do g o ld ....1 8 9 3 .. 4 g A A o
2 0 0 ,00 0
do
d o g o ld ....1 8 9 3 .. 4 s A & ()
1 5 0 ,00 0
Oct.. 1, 1923
do
do g o l d ... 1 8 9 0 .. 3 k ig A A o
Oct. 1, 1 92 0
1 2 5 ,00 0
P A R V A L U E O F B O N D S .—T he b on d s are all fo r $ 1 ,0 0 0 ea ch .
I N T E R E S T on b oud s is p a y a b le a t the F irs t N a tion a l B an k o f B o s
to n , and at C ity T rea su ry .
T O T A L D E B T , S IN K IN G F U N D S , E t c —T he su b join ed sta tem en t
show s S pringfield's to ta l and n et d e b t on the d a tes in d ica te d ;
D ee. 10. ’ 96. D eo. 1 0, ’ 95
$ 1 ,9 4 4 ,5 0 0
T otal b ou d ed d e b t (in clu d in g w a te r d e b t )___ $ l,9 3 9 ,0 o o
1 ,9 7 9,85 5
T otal indebtedn ess, in clu d ’ g cu rre n t lia b ilit's 1 ,972,775
4 9 5 ,94 3
5 7 3 .31 5
S in king m u d s, e t c ....................................................
N et d e b t ................................................................$ 1 ,3 9 9 ,4 5 9
$ 1 ,4 8 3 ,9 1 2
W ater d eb t, in clu d ed a b o v e ................................. $ l,6 0 u ,0 0 0
$ 1 ,6 5 0 ,0 0 0
C I T Y P R O P E R T Y .—T h e city values its p ro p e rty a t $ 4 ,4 4 4 ,8 6 8 ,
in clu d in g $ 1 ,3 8 3 ,0 1 9 fo r p ro p e rty o f w a te r d ep a rtm en t.
In y e a r
1896 w a ter re ce ip ts w ere $ 2 1 3 ,5 3 3 ; p a y m e n t f o r c o n stru c tio n a n d
repairs, $ 0 7 ,0 5 7 ; interest on w ater loa n s, $ 9 6 ,0 0 0 ; b a la n ce to b e
credited to the sin k in g fu n d , $ 5 0 ,4 7 6 .
A S S E S S E D V A L U A T I O N .—T he c it y ’ s assessed v a lu a tio n an d t a x
rate in d ifferen t y e a rs h a ve been as fo llo w s , re a l esta te b e in g tak en a t
a b ou t 85 p e r ce n t ca sh v a lu e :
Tax p er
.------------------- A ssessed V a lu a li on------------------- s
Total.
$ 1,0 00
Personal.
R eal.
Tears.
$ 1 3 ,0 7 1 ,8 1 1
$ 6 1 ,41 6 ,0 9 1
$ 12 -8 0
1 8 9 6 ......... ........$ 4 8 ,3 4 4 ,2 8 0
5 9 ,0 3 3 .1 4 1
12 2 0
1 2,9 69 ,6 8 1
1 8 9 5 .......... ....... 4 0 ,0 0 3 .4 6 0
5 6,4 9,425
12*00
12,3 65 ,5 2 5
1 8 9 4 ......... ........ 4 4 ,0 8 3 ,9 0 0
5 5,2 39 ,9 1 9
1 2 ,2 64 ,0 9 9
12-80
1 8 9 3 ......... ........ 4 2 ,9 7 5 ,8 2 0
1300
1 1,3 3 6 ,4 0 7
5 0 ,7 8 0 ,9 8 7
1 8 9 2 ......... ........ 3 9 .4 4 4 ,5 8 0
4 8 ,3 2 9 ,6 3 4
12*50
1 1.1 10 .1 4 4
1 8 9 1 .......... ........ 3 7 ,2 1 9 ,4 9 0
4 4 ,4 9 3 ,6 3 3
12*40
10,6 97 ,7 7 3
1 8 9 0 ......... ........ 3 3 ,7 9 5 ,8 6 0
4 2.0 7 3 ,5 7 3
13*00
10,0 72 ,8 9 5
1 8 8 9 .......... ........ 3 2 ,0 0 0 .6 8 0
3 9,8 6 3 ,2 5 5
9 ,5 4 0 ,1 1 5
13-6 0
1 8 8 3 ......... ........ 3 0 ,3 2 3 ,1 4 0
T a x a tio n in 1 896 in clu d es State t a x , $0*50; co u n ty t a x , $ 1 -0 5 ; c it y
t a x , $ 1 1 -2 5 ; tota l, $ 12 *»0 p e r $1,0 00 .
P O P U L A T I O N .—S tate cen su s 1895 w a s 5 1 ,5 3 4 . Iu 1 89 0 p o p u la
turn w as 4 4 .1 7 9 ; in 1 880 it w as 3 3 ,3 4 0 ; in 1 870 it w a s 26,7 03 .
McKeesport, Pa.—R. T. Carothers, Mayor. The following
statement has been correoted to Oct. 1, 1398, by means of a
special report to the Chronicle from G. B. Herwick, Comp
troller.
This city is in Allegheny County.
LOANS—
When D u e. T o ta l d e b t O ot. 1, 1 8 9 6 .. $ 4 3 9 ,7 3 2
S in kin g fu n d O ct. 1 , ’ 9 6 . 1 0 0 ,27 5
F u n d in g * o n d s —
432*. J A J , $ 4 2 .0 0 0 ...J u ly 1, 1 920 O th er a ssets........................ 1 0 7 ,3 6 9
N et d e b t O- t. 1, 1 8 9 6 .... 2 3 2 ,1 8 6
R R . C o m p r o m is e B o n d s —
0s. J A J , $ 1 0 4 ,6 0 0 ...J u ly 1, 1 906 T a x v a lu a tio n 1 896 — 1 3 ,5 6 0 ,9 3 7
A ssessm en t a b ou t 32 actual va lu e.
W aTKR B o 'U f t , , „
5 b, J A J , $75,000* .J u ly 1, 1911 C ity A sell.ta x (p .$ l ,0 0 0 )'9 6 .$13*50
5s. J A J ,
2 7 ,0 0 0 ... J u ly 1, 1 904 T o ta l t a x (per $1 0 0 0 )........... $16*50
In terest p a ya b le b y C ity T reasurer. P op u la tion 1 890 w a s............. 2 0 ,7 4 1
B ond ed d eb t O ct. 1, 1 8 9 6 .$ 2 4 8 ,6 0 0 P o p u la tio n 1 880 w a s............. 8 ,2 1 2
W ater l o u t ^included) . . . 1 0 2 ,00 0 P o p u la tio n 1 870 w a s............. 2 ,5 2 3
F lo a tin g d e b t .................... 191 ,13 2 P o p u la tio n 1895 (e st.).......... 3 0 ,0 0 0
T h e w a ter b on d s due in 1911 a re su b je ct to ca ll at a n y tim e on s ix t y
d a y s n otice.
T A X F R E E .—T h e R a ilro a d C om p rom ise b o n d s a re e x e m p t fr o m
ta x a tio n .
Danbury, Conn.—G. Mortimer Rundle, Mayor. The fc l]
lowing statement hag b.en corrected to Oct. 1, 18M6, by means
of a special report to the C h r o n i c l e from 0 . Q lien, City
Bookkeeper.
The City of Danbury is situated in Danbury Town, Fairfield
County.
LOANS—
W hen D u e. T o ta l d e b t O ct. 1 ,1 8 9 .6 .. $ 7 5 3 ,9 0 0
4 ,0 0 0
S in kin g fu n d s ....................
I m p r o v e m e n t B o nd s—
4s, J & J , $ 1 5 5 ,0 0 0 ----- J an . I , 1920 W ater d e b t d u el, a b o v e ). 2 2 9 ,0 0 0
4s, J & J, 1 0 0 ,0 0 0 ----- J u ly , 1923 T a x v a lu a tion , r e a l......... 5 ,8 0 9 ,4 1 3
T a x v a lu a tio n , p erson a l. 8 8 5 ,0 3 7
W ate r Bo n d s—
6 ,6 9 4 ,4 5 0
4 i,,h, J.v.t, # 2 8 ,0 0 0 ....J u l y 1 ,1 9 0 0 T otal v a lu a tion 1896
4J.S, J & J , 3 0 ,0 0 0 ___ J u ly 1 ,1 9 0 5 A ssessm ent is k-. a ctu a l va lu e.
H as J & J, 3 0 ,0 0 0 ----- J u ly 1 ,1 9 1 0 V alue o f city p r o p e rty .$ 6 0 0 ,0 0 0
10 ('0
4s
J & J. 9 0 .0 0 0 ___ Jan . 1, 1912 T a x rate (p er $ 1 ,0 0 0 )
(Pavab.e #3,0 00 som l-an. to 1912.) P op u la tion In 1990 w a s ....... 16.5 52
P
o
p
u
la
tio
n
in
1
87
0
w
as.
..
.
8,753
4s * J& J, # 4 5 ,0 0 0 .......tail. 1, 1920
B on d ed d e b t O ct, 1, '9 6 . . $4H 4,000 P o p u la tio n iu 1 896 (o s t .)...2 3 ,0 0 0
F lo a tin g d e b t ...................... 2 6 9 ,90 0
I N T F R F K T o n th e Im p ro ve m e n t b o n d s and on th e w a te r b o n d s o f
1 9 2 0 la p a r a b le a t the N a tion a l P ark B ank, N ew Y o rk ; on a ll o th e r
b o n d s at th e I m p o r te r s ’ & T ra d e rs ’ N a tio n a l B an k, N ew Y o rk .
THE
1174
CHRONICLE.
[VOL. LX1II,
L A T I O N -—In 1 8 9 0 p o p u la tio n w a s 1 8 ,4 7 1 ; in 1 8 8 0 it w a i
Sandnsky, Ohlo.-C. E Bouton, Mayor The following 1 5P,8O3P8 ;Uin
1 8 7 0 it w a s 1 3 ,0 0 0 . T h e e stim ated p o p u la tio n in 1 89 5 wa»
statement has been corrected to September 1, 1896, by means 2 0 . 000 .
of a special report to the Chronicle from C. M. Keyes,
Falls County, T ex.—The following statement has been
Auditor.
corrected to Dec. 17. 1896, by means of a special report to the
Sandusky is situated io Erie County on Sandusky Bay.
C h r o n i c l e from F. M. Griggs, County Treasurer. The per
—
W hen D u e.
LOANSWhm Dlie- s tLOANS
r e e t O p e n in g B o n d s —
manent school bond is the property of the county, which uses
Butt- d in g B o n d s —
____
.........O
ct,
1
5
,1
8
9
7
5
s
.
A
&
O
,
$
3
,0
0
0
A , M AN , $ 2 ,0 0 0 ....... N o r . 1 ,1 8 9 7
tbe money and pays interest to the school fund.
($
1,5
00
due
y
'r
ly
)
t
o
Out.
1
5,
1
898
5«, MAN.
2 ,5 0 0 ........N ov. 1 ,1 8 9 8
St r e e t P a v in g B o n d s —
D o c k iM rRovEM ’ T B wnds—
County seat is Marlin.
5 s ..........$ 1 3 8 ,5 0 0 .......................... 1912
6», F& A, $ 3 0 ,0 0 0 -----A u g. 1 ,1 8 9 7
W a t e r B o n d s—
>82,000 due yea rly ) to A im . 1 ,1 9 1 1
>s, F& A, $ 1 5 ,0 0 0 . .A u g . 1 ,1 9 1 2 5s. A & O , $ 9 0 , 0 0 0 ... .A p r. 1 5 ,1 8 9 7
($3,000 duo yea rly ) to A u r . 1 ,1 9 2 6 ($ 1 0 ,0 0 0 d u e y 'r ly ) to A p r. 1 5 ,1 9 0 5
5s, A &O , $ 2 0 ,0 0 0 -----A p r. 2, 1 897
G e n e r a l B b r o n d in o B o n d s 58............. $ 6 0 ,0 0 0 ........................ 1 910 ($ 1 ,0 0 0 due y ’rly ) t o A p r. 2 ,1 9 0 1
5 s .............. $ 1 ,0 0 0 ... .M a y 1 ,1 9 0 2
M a r k e t H o u se B o n d s —
. . , 2 7 , 0 0 0 ___ J u ly 1 ,1 9 0 5
5 b, ............$ 8 .0 0 0 ......................... 1899 5a,
5 s,
____ 5 , 0 0 0 . . . . M a y 1 ,1 9 0 6
Se w b r B o n d s —
5 » ........... ,$ 1 1 6 .8 0 0 ...................... 1903 lU js ......... . 6 0 .0 0 0 ___ J u ly 15, 1 897
($ 5,0 00 d u e y ’ rly) t o J u ly 1 5 ,1 9 0 8
58, ..........
2 4 ,0 0 0 ..... M ay 1 ,1 8 9 7
($ 3,0 00 due y e a rly ) to S la y 1, 1 90 4 ,
I N T ER E S T o n th e w a ter b o n d s is p a y a b le in N ew Y o r k C ity : on
th e $24 0 0 0 o f sew er b on d s, due fro m 1 89 7 t o 1 9 0 4 , in B oston , Maas.;
on all o th e r b o n d s by th e C ity T reasurer.
-r r iT A i n P R T S IN K IN G FUNDS, ETC-—'The su b join ed sta tem en t
*hIwsT S a m b is k y s to ta l n m n iclp a l d<St. the s in k in g fu n d h eld b y the
cltv against th e sam e, and tlie w a ter d eb t, on th e d a tes m en tion ed .
S ept. 1 /9 6 . O ct. 1 0,’ 95. J an . 1 /9 4 . Jan . 1 ,’ 93.
T o ta l b o n d e d d e b t.................... $ 6 4 1 ,3 0 0 $ 5 8 1 ,5 0 0 $ 4 6 9 ,0 0 0 $ 4 9 1 ,8 0 0
4 9 . /1 2
............. .................
100,000
S inking fu n d s ............................
s
N et d eb t
............. $ 5 9 1 ,5 8 8 $ 5 8 1 ,5 0 0 $ 4 6 9 ,0 0 0 $ 3 9 1 ,8 0 0
W ater d e b t (in clu d ed a bov e) .$ 2 0 6 ,0 0 0 $ 2 1 9 ,0 0 0 $ 2 0 7 ,0 0 0 $ 2 1 2 ,0 0 0
V A L U A T I O N —T h e c it y ’ s a ssessed v a lu a tio n (abou t
4 0 p e r ce n t o f the ca sh va lu e) and t a x ra te h a v e b een as fo llo w s.
Tax ra te
Total.
Personal.
Y ears—
TteaJ
$ 6 ,9 1 7 ,8 8 0
$30*20
$ 2 ,2 7 1 ,3 0 0
1 8 9 6 ........................ $ 4 ,6 4 6 ,5 8 0
6 ,9 0 3 ,0 7 0
31-5 0
1 8 9 5 ................................................
31-1 0
6
,9
9
0
,0
2
0
1 8 9 4 ...........................................- - 28-00
7 ,0 2 3 ,0 6 0
2 .4 2 0 .0 0 0
1 8 9 3 ........................
4 ,6 0 3,06 0
6
,9
1
2,47
0
26-6 0
2
,4
0
3
,8
9
0
1 8 9 2 ............................. 4 ,5 0 8 ,5 8 0
7 ,0 0 0 ,0 0 0
28-40
2 ,4 9 1 ,9 2 0
1891
4 ,5 0 8,08 0
6
,3
9
1
,0
0
0
272
.4
6
4
.0
0
0
1 8 9 0 ........................
3 ,9 2 6 ,0 0 0
6 ,3 0 7 ,1 1 4
281889.
30-00
5
,8
6
6
,9
4
0
1 887 .
5 ,2 9 3 ,4 6 9
33-60
1883.
T he t a x rate fo r 1896 in clu d es S tate ta x , $2-8 4 ; co u n ty t a x , $5-9 0 ;
o it y t a x p rop er, $ 14 -4 6 ; a vera g e s ch o o l ta x , $7*00; to ta l, $ 3 0 20.
NEW
P e r m a n e n t Sc h o o l B o n d -
State of New York.
^
v
Kent County, Del.—Following is a statement of the finan
cial condition of this county corrected to Dec. 12, 1896, by
means of a special report to the C hronicle from the County
Treasurer.
County seat is Dover.
LOANS—
W hen D u e.
Co u n t y B o n d s48, s e m i-a n ., $ 4 0 ,0 0 0 ........ O p tio n a l
C e r t if ic a t e s —
Os, sem i-a n ., $ 6 ,8 0 0 ........ O p tio n a l
5s,
sem i-an., 5 ,0 0 0 ........ O p tio n a l
4 ^ s , sem i-a n ., 1 2 ,5 0 0 ........ O p tio n a l
LOANS—
W hen D u e.
T a x v a lu a tio n , p e r s o n ! $ 5 6 5 ,5 9 7
Sc h o o l B o n d s —
T o ta l v a lu a tio n 1 89 6 .. 3 ,6 1 9 ,0 7 8
. . . . . $ 1 8 ,0 0 0
A s s e ss m e n t sam e as a ctu a l va lu e.
60 A b i n g t o n W a t e r B o n d s - S o.
T a x v a lu a tio n 1 8 9 0 ___ 3 ,1 0 1 ,6 4 0
4 s, 00
M&S. $ 9 7 ,0 0 0 .........................1 912 T a x ra te (p er $ 1 ,0 0 0 ) ’ 9 6 ___ $18*40
I n te r e s t p a y a b le in B o sto n .
P o p u la tio n in 1 8 9 5 w a s ..........5 ,7 4 7
T o ta l d e b t D eo., 1 8 9 6 ----- $ 1 2 4 ,0 0 0 P o p u la tio n in 1 8 9 0 w a s ..........4,4 4 1
S in k in g fu n d s, e t c ................................ 2 0P,0o9p0u la tio n in 1 89 6 w a s .......... 5,715T a x v a lu a tio n , re a l......... 3 ,0 5 3 ,4 8 1
OF TH E
OF TH E
City of Anniston, Ala. City of Anniston, Ala.
Suit has been entered by the undersigned Commit
B a l t i m o r e , M d ., N ovem ber 30,1896.
S I 0 0 .0 0 0
4 0 W a t e r S tre e t, Bouton.
7 NasMiui S tre e t, N ew Y o r k .
EDWD. C. JONES CO.
81 CHESTNUT STREET.
PHILADELPHIA.
Investment Bonds
FOR
L IS T S
SENT
ETON
A P P L IC A T IO N
MEMBERS OP BOSTON AND NEW YORK
STOCK EXCHANGES.
R. L. D A Y & CO.,
Co., Pa.
P R I C E ON A P P L I C A T I O N .
80 BROADWA Y
NEW YORK.
LOANS.
TO T H E H O L D E R S OF TH E BONDSj
New York Savings Banks
and Trustees.
( B a le d D e c . 1 , 1 8 9 8 .
D ue D ec. 1, 1 90 8
City of Scranton is tbe County Seat.
NEW
TO T H E H O L D E R S OF T H E BONDS
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 .1897.
The Comptroller reserves the right to reject all
bids which are not in his opinion advantageous to
the interests o f the State.
Interest on the loan will commence on the first day
o f Junuary next, and will be payable at the Bank of
the Manhattan Co, In the City o f New York.
All proposals must be sealed and endorsed ” Loan
for Canal Improvements,” and directed to the
Comptroller o f the State o f New York, Albany, N. Y
JAMES A. ROBERTS,
Comptroller.
4% Tax Free Bonds.
B onded debt D ec. 1 2 /9 6
$ 4 0 ,0 0 0
F lo a tin g d e b t c e r t i f s . . .
2 4 ,3 0 0
T o t a l d e b t D e c. 12, ’ 9 6 .
64,300T a x v a lu a tio n 1 8 9 6 ....1 5 ,0 0 0 ,0 0 0
C o. t a x , p e r $ 1 ,0 0 0 ..........
$470P o p u la tio n in 1 8 9 0 w a s ....... 3 2 ,6 6 4
P o p u la tio n in 1 8 9 6 (est.) ...3 3 ,0 0 0 *
Whitman, Mass.—The following statement has been cor
rected by means of a special report to the C h r o n ic l e .
This town is in Plymouth County.
)
Pursuant to the provisions o f Chapter 79 o f the
tee in the U. S. Circuit Court against the City o f
Laws o f 1895, proposals will be received at this office
Anniston, Ala., for payment o f the overdue coupons
until Tuesday, the 12th day o f January, 1897, at 12
on the Bonds o f said city.
o ’clock noon o f that day for a loan o f
The Committee desires to give final notice to the
bondholders that it reserves the right to refuse to
FOUR MILLION DOLLARS
receive any Bonds which are n ot deposited with the
for which transferable certificates of stock, regis Safe Deposit & Trust Company o f Baltimore on or
tered or coupon bonds at the option o f the proposer. before December 31st, 1896, with Assignment o f
Coupons.
Principal and Interest Payable in Gold. As each Bond deposited is specifically included in
the proceedings which have been instituted, the
W ill be issued in the name o f the People o f the
State o f New York, on the credit o f the Sinking Bonds not deposited will be debarred from the bene
Fund established by said act, bearing interest at the fit o f such proceedings or o f any other action which
rate of three per centum per annum, payable semi may be taken by the Committee.
Of the city’s total issue o f $288,500 Bonds, there
annually on the first days o f January and July, and
the principal reimbursable on the first day o f Janu have already been deposited $230,500, or about 80
per cent.
ary. 1912.
JAMES G. WILSON.
Proposals may be for the whole or any part o f the
O f Wilson, Colston & Co.
1oan not less tnan |1,000, and should state whether
RICHARD D. FISHER,
Bondholders
registered or coupon bonds are desired.
O f Fisher & Shaw.
Committee.
Payments for the loan will be required to be made
DOUGLAS H. THOMAS,
on the acceptance o f the proposal by deposit in the
At Merchants’ National Bank.
bank o f the Manhattan Co. in the City o f New York
Lackawanna
T a x v a lu a tio n , r e a l........$ 5 ,4 4 0 ,8 9 0
T a x v a lu a tio n , p e rso n a l. 2 ,4 8 6 ,6 6 1
T o ta l v a lu a tio n 1 8 9 6 ... 7 ,9 2 7 ,5 6 0
A sse ssm e n t a b o u t 23 a ctu a l va lu e.
S tate & C o. t a x (p er $ 1 ,0 0 0 ) .. .8 -8 8
P o p u la tio n in 1 8 9 0 w a s ....... 2 0 ,7 0 6
P o p u la tio n in 1 89 6 (e s t.). .3 5 ,0 0 0
68, A p r. 10, $ 2 9 ,5 3 0 ..A p r . 1 0 ,1 9 1 3
T o ta l d e b t D ec. 1 7 ,1 8 9 6 . .$ 4 3 ,5 3 0
A ll b o n d s a re p a y a b le a t th e o p t io n o f th e c o u n t y .
N E W LOANS.
LOANS.
C o m p t r o l l e r ’ s O f f ic e ,
B u r e a u o f Ca n a l A f f a i r s ,
A l b a n y , December 19th. 1896.
LOANS—
W hen D ue.
C o u r t H o u se B o n d s —
6s, A p r. 10, $ 8 ,0 0 0 ... A p r. 1 0 ,1 9 0 1
B r id g e B o n d s 6s, A p r. 1 0 , $ 6 , 0 0 0 .. .A p r. 1 0 ,1 9 0 8
Biodget, Merritt & Co.,
BANKERS.
16 Congress Street, Boston.
STATE CITT & RAILROAD BONDS
A n n isto n , A l a ., December loth, 1896.
Notwithstanding the warning contained in the ad
vertisement o f the Bondholders’ Committee that
the bonds not deposited with the Committee will be
debarred from benefits hoped for, to arise from the
issu e o f a suit in the United States Court against the
City o f Anniston, all holders o f such non-deposited
bonds will be tully protected and honestly paid.
A n effort is now being made to obtain legislation
by the General Assembly o f Alabama, under which
the City o f Anniston can levy a tax sufficient tomeet its obligations fully and promptly.
F. M. HIGH T, Mayor.
# 2 5 0 ,0 0 0
City of Holyoke, Mass.,
30-Years A Per Cent Gold
“ WA T E R BO NDS.”
Cj t y T r e a s u r e r ’ s O f f i c e .
)
C i t y H a l l , Dee. 18,1896. £
In pursuance o f an order o f the City Council o f
Holyoke, Massachusetts, adopted December 4, 1896,
and under authority o f Chapter 419 o f the A cts o f
Legislature o f 1»«6, the undersigned will receive until
8 O’CLOCK P. M.. TUESDAY, DECEM BER 29,
1896, proposals for the purchase of* “ Two Hundrad
and Fifty (250) One Thousand Dollar ($1,000) Coupon
Gold Bonds. Said bonds to be dated January 1st
1897, and payable January 1st, 1927, at the National
Hide & Leather Bank o f Boston, Mass., interest at
the rate o f four per cent per annum payable semi
annually on the first day o f January and July on the
presentation o f proper coupons at the National H ide
& Leather Bank o f Boston, Mass., both principal and
interest payable in Gold Coin o f the United States
o f the present standard o f weight and fineness.
Proposals to be sealed arid addressed to Pierre
Bonvouloir, City Treasurer, H olyoke, Mass., and
endorsed “ Proposals for W ater Bonds.” A ll bids to
be opened by the Board o f Water Commissioners in
theiroffice at - o ’clock P. M., December 29th, 1896.
The Commissioners reserve the right to reject any
or all bids.
PIERRE BONVOULOIR,
City Treasurer, Holyoke, Mass.
OLD BOOKS MBLC55SS
A . J . C ra w fo rd , 3 1 2 N. 7 th S t., S t .L o uU,I>Io.
D ecember 26 1898.]
THE
CHRONICLE
Orange, N. J.—John Gill, Mayor. The following state
ment, corrected to May, 1896, by means of a special report to
the C h r o n i c l e f r o m Alpheu9 Struble, City Clerk, shows the
total municipal debt of Orange, the sinking fund held by the
city against the same, the water debt, and the city’s floating
debt, on the dates named.
_ „ .
^
a
M ay 1 3 / 9 6 . M ar., 1 895. J u n e, 1894.
T otal m ip ic lp a l d e b t ..........................$ 1 ,6 1 8 ,8 0 0 $ 1 ,5 3 7 ,8 0 0 $ 1 ,3 2 8 ,8 0 0
S in kin g fu n d s and o th e r a ssets
9 2 ,6 7 4
1 2 0 ,97 5
86,462
N et d eb t V .......................................$ 1 ,5 2 6 ,1 2 6 $ 1 ,4 1 6 ,8 2 5 $ 1,2 4 2 ,3 3 8
5 ,a t e r d e b t (Included a b o v e )........... $ 3 5 4 ,0 0 0
$ 3 5 9 ,0 0 0
F lo a tin g d e b t ........................................
$ 2 0 ,0 0 0
$ 3 0 ,0 0 0
(!)
T he sin k in g fun d receiv es y e a rly a b o u t $ 2 4 ,0 0 0 , raised b y ta x a tion
and from th e w a ter w ork s and o th e r sources. T h e a v a ila b le assets c o n
s ist o f un p aid ta x es, a ssessm en ts a n d ca sh in treasu ry.
INDEX
TO
STATE
1175
Stark Connty, Ohio.—The following statement has been
corrected to Sept. 1, 1896, by means of a special report to the
C h r o n i c l e from Joseph Mandon, County Treasurer.
County seat is Canton.
LOANS—
W hen D u e.
B r id g e B o n d s —
6 b............ 3 1 ,0 0 0 .......1 895 t o 1 89 7
C o u r t -H o u se B o n d s —
5 b ........ . $ 1 2 5 ,0 0 0 ....... 1 896 to 1913
I n f ir m a r y a n d F a i r G r o u n d s —
6 s , ____ $ 1 3 ,5 0 0 .......1895 to 1 897
5 s , .......
2 8 ,0 0 0 .......1897 to 1903
R e f u n d in g B onds —
5 s ........ . $ 5 0 ,0 0 0 .........1 89 7 to 1903
5 s ............ 5 0 ,0 0 0 .................................
AND
CITY
W o r k h o u s e B o n d s—
5s, F & A , $ 1 5 ,0 0 0 ....A u g. 1 ,1 8 9 9
5s, F A A , 1 5 , 0 0 0 .. ..A u g. 1, 1900
5s, F & A , 2 0 , 0 0 0 .. ..A u g . 1, 1 90 1
In te re s t is p a y a b le a t C anton.
T o ta l d ebt Sept. 1, 1 896 $ 3 4 7 ,5 0 0
T a x v a lu a tio n 1 8 9 5 ___ 3 9 ,8 6 2 ,4 4 0
A ssessm en t is *2 actu a l va lu e.
P o p u la tio n in 1890 w a s
8 4 ,1 7 0
P o p u la tio n in 1 880 w a s
64,031
P o p u la tio n in 1 896 (e s t.).. 1 0 0 ,00 0
D E PA RTM E N T.
In the fo llo w in g in d e x re fe re n ce is m ad e b y the p a ge n u m b er to e v e r y item re g a rd in g S tate, city , to w n o r o o u n ty finances w h ioh h a s b e e n
p u b lish ed in tit- C h r o n ic l e sin ce the issu a n ce o f the la st S t a t e a n d C it y S u p p l e m e n t , O cto b e r 1 7 ,1 8 9 6 . Ite m s in th e cu r r e n t n u m b e r a r e
n or noted in th e in d ex.
F u ll-fa ce ty p e s r e fe r t o la test rep orts o f to ta l d eb t, assessed v a lu a tio n , «fcc. T his in d e x w ill b e p u b lish e d in th e S t a t e
and C r r r D e p a r t m e n t o f th e C h r o n ic l e on th e la st S a tu rd a y o f ea ch m o n th .
891
bbeville. 8. C..............
891
Ibaur. N .Y .? «* ,S 4 ^ .
8*17
Alexandria. Va................
Allegheny. P a ................
801
Allegheny Co.. Pn.........
i■m
Allegheny Sixth Ward
School District. Pa__ 1029
Allen Co.. I n d .............. 1 126
848
Allentown. P a ..............
Anaheim. Cal
648 •'ill. lift*
Anne Arundel Co . Md..
vr.fi' live©
Anniston. A la.........102®. l«2fl
Anaonla. Conn-------10**5
A rvem e -by the Sea.N. V.
h*-7. MW I
A sbury Park. S .J .. .807.
9 7 S. I03*\ 1*182
Ashland. Ohio
............
807
Atlanta G a .................... 1**3“ ‘
8*8 j
Atlantic City. N .J .........
Atlantic Highlands. N J. 1 1 *21)
A
O allard. W ash___ 1030 1082
O a ltunore. Md........938 1030
Bamesvllle, G a....... 807,
891
Barton. Vt...................72*
*07
Bath. N. V
.................
703
Bellevue. P a ....................
891
Bennington. Vt
........
978
Blanc heater. O ................ 7*24
Bloomington. Ill............
1030
Bond County, 11L
891. 1126
Boston. Mas? ... 763.807.
938. 978
Bra*!ford Co., Pa__ 97*.
1030.11 ‘2H
Brattieboro, Vt ... 1082,11 2ti
Bristol Co.. Mass
891, 978
Brook Haren. N. Y ......
891
Brookings. S. D.
..
724
Brooklyn. N. V. .724 783.
Butte Co., Cal..................
C anton, O h io .. .........
Cass Co., Neo.
—
Castleton (Jnlon Free
Seta. Dist. No. 3. N. V..
938,
Cedar Creek. Neb... 1o:<o.
Central Falls, U. I . . . 978.
»N |.
8*8.1 1v>« Chagrin Falls. 0 ..............
Buffalo. N. Y ...... ..K ‘3*J. I 1 2 « Champaign, 111..848, 891.
BurrillvUle, R. 1........891, 1082 Chelsea, Mass— ...........
N E W LOANS.
CITYofST.LOUIS,MO.
Notice of Redemption.
1126
p a led on ia . N.Y.891.Q78, 1030
' nlifornia.......................1 0 3 1
California Irrigation Dis
trict Laws....................
938
Cambria. W ls...................
891
Cambridge. Mass— 807,
9;'8
Camden, N .J ...................
726
Cameron. Mo...................
818
Canton, Mass.................. 1 O 14
NEW
103'
918
1082
1082
1082
1«80
978
S93
Chippewa Co., Wis.........
Cincinnati. O .................
Clark Co., Wash____ fc78.
Clarksville. Miss.............
Cleveland,O 725,763.807.
891, V*78,1030,
Coatesville, Pa...............
Mohoes. N. Y ............
College Hill. O .763,938,
Colorado..........................
Columbus, Ga. .763.1030,
Columbus. O... 848,978,
Cook County, 111......
Coraopolis.Pa .763, 8 0 7 .
988,
Cortland N. Y ................
Cranston, R. I . ..........
Cumberland, Md......
Cumberland Co., N. J —
978 Davenport, Iow a............
891
1126 Dayton. O ................ 726, 1080
1126 Delta. Pa..................
891
725 Derry, P a .........................
891
De Huy ter. N. Y
...... 1082
10S2 Des Moines, l a ...............
978
1126 Duluth. Minn.................
1082
1030 Dunkirk, N. Y ................ 1 0 3 2
1082
'ast Cleveland, 0 ........
726
891
1082
Jast Liverpool, O ........
978
1082 Easton, Pa.......................
979
8 9 5 East Palestine, O...........
891
Eatonton. Ga...................
726
918 Elko Co., Nev..................
703
891 Elmira, N Y ................. 1030
978 El Paso County, Col..
726, 938
1126
7D3 Erie. Pa............................ 1030
Erie Co., N. Y ..................
849
anvers, M ass..
1082 Essex Co.. N. J. ............. 1082
Eureka, Cal............ 979, 1126
arke Co., Ohio...........1 1 3 0
D
LOANS
City of Columbus, Ga.,
CITY OF PITTSBURG, PA.,
D ! E F K O M 1 » 0 1 TO 1D2S.
E I T H E R R E G IS T E R E D " I t COI PON.
Pric* and Particular* on Application.
JAMES CAROTHERS,
3ftC Fourth Arenne.
PITTSBURG. PA._________
Jam es N . B row n & C o .,
J
BANKERS
-
NEW YO RK
MUNICIPAL. COUNTY. SCHOOL AND
TOW NSHIP BONDS
BOUQHT
AND
SOLD.
......
N E W LOANS.
* $ 0 0 ,0 0 0
Ma y o r ' s O rricx .
I
ST. I.o t'18. June 27th, 1896.)
To whom it m a y co n c e r n :
4
redemption bonds.
Notice h hereby given that the bonds o f the City
o f 8t. Louis. Issued under authority o f ordinance
Sealed bids are Invited for 260,000 o f City o f Colum
No. 12.486. numbered from ninety seven hundred bus, Ga.. Redemption Bonds, to be issued in denom
and ninety-three (®79<) to ninety-eight hundred and inations o f $1,000, to take up a like amount o f bonds
•tartaty-two (9Hfe2i, both indnslre, will be redeemed maturing in 1896 and 1897, to be dated Jan. 1,1897*
on the second day o f January, eighteen hundred and and to mature in ihlrty years, bearing interest at 4^
ninety-seven, pursuant to the terms o f said ordi per cent; coupons payable Jan. 1st and July 1st, in
nance No. 12.1*1. and the terms expressed In said Columbus, Ga., free from city tax and receivable for
bond*, and that said bonds will cease to bear Interest all dues to the city. Bids at not less than par for all
on said second day o f January, 1897. Said bonds are or any part will be considered, and the right to reject
dated July 2d. 18-3. are i ayable July 2d, 1BC3, and any «»r all bids Is reserved. No bid will be considered
are redeemable at the option o f the City o f St I<ouis unless accompanied by cash, or a certified check on
at any time after ten years from their date.
some bank in the City o f Columbus. Ga., amounting
Bach o f said hoods, when presented for redemp- bo one per cent o f the amount o f the b id ; and in the
loo. must have the thirteen unearned semi annual event any bid Is accepted, and the same shall not be
interact coupons, numoered from twenty-eight to fully complied with by the bidder, and the cash paid
fnrtv, inclusive, attached.
by noon, Dec. 31,1896, then, and in such event, the
These bonds are called In for the purpose o f per deposit accompanying such bid shall be forfeited to
manent retirement.
the City o f Columbus, at which time the bonds are
C. P. W ALBRIDGE,
to be delivered to the purchasers, at the office o f the
: j" s :
Mayor.
City Treasurer, in Columbus, Ga.
: ........... :
Is a a c H. St URo e o x ,
Bids may be addressed to CLIFF. B. GRIMES,
« omptroller.
Mayor, and will be opened iu the Mayor’s Office iu
A ttest:
Columbus, Ga., at noon, on 8at’ *rdp*- Dc ember 26,
H. J. P o c o c g .
189*1.
Register.
Copy o f ordinance authorixing Issue will be fur
nished on application.
CLIFF. B. GRIMES. Mayor.
4 PER C E N T BONDS.
WATER,
PARK,
BRIDGE.
F
N O TIC E OF R E DE M P TIO N.
CITY of ERIE BONDS.
C i t y Co n t r o l l e r ’ s O f f ic e
E r i e . P a . N ov . 23 1890. i
NEW YORK CITY
31 %
GOLD BONDS.
Exempt From Taxation.
M A T U R IN G
1915
TO
1927.
FOR SALE BY
Yermilye & Co.,
N a s s a u &: P in e S ts .
Kuhn, Loeb & Co.,
N o s. 2 7 - 2 9 P in e S t.
$ 3 0 0 ,0 0 0
OITY OF BROOKLYN, N- Y.,
4% BONDS,
FREE FROM TAXATION
M ATU R'N G FKOM 1920 TO 1932.
Price and Particulars on Application.
BERTRON & STORRS
The Sinking Fund Commissioners o f the City o f
E ne will redeem, January 1st, 1897, at the Keystone
4 0 W a ll S tre e t, N ew Y o r k .
National Bank o f Erie, Pa., the following bonds o f
the City o f Erie, Pa., from the issue o f January 1st,
1*87, redeemable at the option o f the City on and
HOLDERS OF
after January 1st, 1897, and due January 1st, 1907 :
Numbers 1, 2. 8, 4, 6, 6. 7,8. 9,10,11,12. 13. 14, 16, 31
32, 33, 34, 35. 30, 37, 38, 39. 40, 41, 42, 43, 44, 45, 46. 47,
48. 49. 50, 61, 62, 53. 54, 65, 56, 67, 58, 59, 60. 01, 02, 63. who desire to participate in the adjustment o f their
Bonds will communicate at once with the under
201, 202. 203 and 205.
Interest will cease on the foregoing numbers o f signed
As these Bonds can only be designated by the num
ber
on the Bond, it will be necessary for holders to
bonds January 1st, 1897.
have their Bonds enumerated in the negotiation;
W W. GINGRICH. Controller.
otherwise they will not be represented.
Active and Local Securities bought and sold to ad
vantage. Atlantic Mutual Scrip. Circulars.
17 and 19 New Street.
J. P. Wintringham, 36 Pine St., N. V.
Arkansas Non-Holford Bonds
PO PPER & STERN,
THE
1176
IN D E X
TO
[VOL. LXH1,
CHRONICLE,
STATE
AND
C IT Y
D E P A R T M E N T -C oncluded .
765 South Omaha. Neb.
808
726; Moorehead, Minn........... 1127 Perry, Ga.......... .............
Perth Amboy, N. J . . .. 1128 South Park 111
1084
720 Moravia Union Free Sch.
Spokane Co., Wash
726 Philadelphia, Pa . ..727,
8»1
892 ; D is.N o. 1. N .Y ...........
89?, 940, 1128 Springfield. V t.......
892
Moriches School District
Pickaway Co., Ohio........
8f 8 Stockton, 111...........
980
849
ankakee, 111................
763 j No. 33, N Y ...................
oil River. M ass....849,
941
ansas City M o..........
979 Moundsville. W . Y ........ 1683 Plainfield. Conn........979, 1083 Stockton, N. Y........
881. 079
Mount Airy. N. C............
8' 8 Pomeroy, O...................... 1083 Stoniugton. Conn..
1129
Kansas,
Municipalities,
Falla City. N eb ... .. .819, 801
Pope
Co.,
Ill..............
980,11
2
8
Mt.
Vernon.
Mo...............
784
727
Summerville,
G
a
.-..........
808 to
811
i » r H o c * a » a y .N. Y . , s i 0 3 0
Port Chester, N. Y ..........
765 Summit Co., o .................. 1084
726,
Kern Co.. Cal................... 1127 Mt. Vernon. N. Y.
808,892,9.9, 1083 Portsmouth, N. H .........1 0 8 3 Superior. Wis................... 1129
— t 033
fo r t Bond Co.. Tex
..
#i!8 Kershaw Co.. S. C
Portsmouth, V a.765,979, 1083 Syracuse, N. Y...727, 980, 1084
Kittitas C"., Wash,1031,1 0 3 1
i ort-DodKO School Dis
Proctor.
V
t......................
Oil
V
’arragansett
Pier,
It.
1.1
0
8
6
766!
trict. lown
..............
.83 Klickitat Co.. Wash........
^ eedbara, v ia s s ........ 1 1 3 0 Pueblo, C ol................980, 1128 r Tarry town. N. Y ........... 1084
Frankfort, N. H........ . . ..
80< Knox Co., l n d ................ 1127 Newark,
-1 aunt on. Mass........941, 1031
Del ................... 1'27
Franklin, ln d ...................
t>3; Knox Co., T enn........979, 1031 Newberg
Perre Haute. Ind......
.
808
Oie. .............. 10*3 /'Aueensbury Un. Free
Franklin, La.
720. #38. 1030
Sch. Dis. No. 1, N. Y. 1083 Toledo, O h io ....765,808,
ackawanna Co.. P a ... 1083 I Newuerry, S. C................ 1127
Fresno Co., Cal............... 7 6 5
Queens Co., N. Y — 941,
850,
892
New Brunswick. N. J.,
ake Borgne Lev. Dis
808
980,1031,1 0 8 3 Traverse City, M ich......
9 7 9 ,1 0 3 2 , H27
trict, La......................... 76*1
rv allup. N. M e x ........... 1982
980
Trenton, N. J ......
892,
\JTlencoe, Minn....... 979, 112a Lake Co.. Cal.................. 8 3 0 New Haven. Conn.......... 1127
9%0 Troy, N. Y .................. 941. 9 8 0
hode Island.........—
849 Now Haven Co , Conn. 1 0 8 5
Glen Cove. N .Y ..............
97v» Lakewood, 0 ...................
892
1129
T
roy
O.
...........................
iverside,
Cal..............
Newport
News,
Va
..
10
1
Lancaster,
Ky
..............
lu>l
Glens Falls, N. Y.............
979
941 Turtle Creek. Pennsyl
763 Newton, Mass___ 1083, 1127 Rochester, V t.................
Gloucester Co N. J ...... 10^2 Lancaster,«ihio..............
892
vania. .................... .
1128 Rochester Fire District
1083 New York...................
Good Thunder. M inn....
763 Lancaster, Pa........... —
911
980 Tyler, T e x ........................
No.
I.
V
t........................
New
York.
N
.Y
.........727,
Lansdowne.
Pa.
.763,892,
938
Gothenburg. Neb .......... 1127
764, 849. 892,
939 Rockaway, N .J .............. lli.8
726
Grand Haven. Mich,. . . .
763 Lansi g. Mich.................
nion Hill, N .J ...........
P80
Rockland. Mass........ .. 1 0 8 6
76» Niagara Falls, N. Y. 727,
Gravesend N. Y......
1 0 8 6 L e Roy. N. Y...................
1031,1083, 1127 Rockville. M d........... 892., 1083
rbuna, 111.....................
727
Greco Bay. W is........807, lO&O Lewis Co.. W ash.............. 8 9 3
...........
7 6 6 Urbana, >......................... 1084
764 Rome, Ga.
Groensbug, O ................. 1030 Lieonia, P a ............... .. Ii27 j Niles, Ohio ......................
727 t
764 Rosebank, N. Y ..............
Lisbon. O
............1083, 1327 Norfolk. Va........
al Verde Co., T e x ....
808
1130
807 I North Chicago, III.......... 103• Ross Co., O...........
amilton C o..O ....938. 1083 London, Ohio...................
icksburg, Mich........... 1129
North Dakota .............. 7 6 6
arold Sch. District,
980 j
acramento, C al....
Los Angeles Co., Cal... l f .83 I Louisville, Ky ................ 1127 I North Hempstead, N. Y.
980
808 W altbam. Mass...........
t, Augustine, Fla..
■808,
860
849
Harrisburg. Pa........ —
1083 Lowell. Mass...................
** arren. 0 .....................
850
808
Harrisburg Scb.Dlst.,Pa. 1127 Lynn, Mass...................... 1031 |Norwood, O................764, 97v* St. Cloud, Minn... ..
Nuckolls Co., Neb...........
8u8 St. Jobnsvil e, N.JT........ 1 1 3 0 j Washington..................... 8 9 3
Harrison, N. J
. .1 1 3 0
Washington, N. C...........
941
St. Joseph C o.,In d...766,
adera r 0., C al... .938, 10R3
Hartford, Conn.763, 891,
941, 1031 j Washington counties— 1 0 8 6
akland, Cal................. 1031
adisonville, O........... 10&3
979, 1030, 1083
Washington co ., Md.,
h io ................................
727 St. Louis, M o............. 8 9 5
892
Hastings, Mich...............
807 1 Mahoning Co.. 0 .............
b92, 1031
727
Hastings. Neb...........763,
807 Malden. M a ss................. 1127 Ohio Co., W. Y a.............. 10 1 St LouiB Co., Minn........
980
Oklahoma Territory...... 1<»33 St. Paul. Minn ................ 8 4 7 1W atertown, Mass...........
Haverhill. Mass ............... MX*31 Manchester, N. H ... 938,
Waukesha,
W
is__
1
03
1 ,1 0 ^ 4
Salem,
Mass..................
892
I
1031,
1127
Okolona.
Miss..
.727,
764,
9
4
0
Hawkinsvllle, Ga.............. 11'7
765
(Mean, N. Y...................... 1127 Salisbury. N. C...... 1083, 1128 Waxahachie. T e x ..........
Hcaldsburg. Cal ............ 1127 Marathon Co., W is......... 1 0 3 4
892 Omaha. Neb........................
9i Salt Lake Co.. U tah ..727, 941, W avne Co., N. Y ............. H29
Highland, Pa. ...............
72« Marietta. O ......................
941 Wells River. V t..........981, 1031
726 Omro, W is ......................
850 San Diego. Cal.................
Hoboken N J................. 30-3 Marlborough, Mass........
W estbrook, Me......... 8yj, 981
807 Orange, l ex ................... 1127 San Diego Co., Cal.......... P 8 »
Hogansvllie, Ga..............
892 Marlette. M ich................
Marshalltown, la .
849 Oregon City, Ore......
892 San Francisco, C a l ........ 8 9 4 W est H oboken, N. J.,
Holly School District
1031, 1084
San ose. Cal...................
892
97 9 Oskaloesa Independent
No. 7. N. » ....................
726 Massachusetts.......... 892,
W est Newton, P a ...........
850
School District, l a ...... 1127 Sault Ste. Marie, Mich..
Holyoke. Mass.................
892 Medford. Mass......... 979, 1127
1129
808, 8 9 2 W est Point, Miss.
Otero Co., Col — ..
..
764
Houston, Tex ................ 1031 Melrose, Mass.. .892, 9;t8,
West Springfield, M ass.. 1031
Scioto Co.. 0 ............. 1128
9 '9 ,1 0 « 1 , 1083 Oxford Union Free Sch.
Hudson CO., N. &.............
979
W hitestone. L. I.. N. Y.,
Mercer Co.. N. J .. 9 39 ,11 2 7
Dist No. i, N. Y .:.8 9 2 ,1 0 8 3 Scranton, Pa............. 1031
850. 893, 981, 1129
850
Oyster Bay, N. Y ___ ... 1127 ~ea Cliff. N. Y ................
T llon .N . Y .......................1 1 2 9 Meredosia Lev. & Drain
893
age Dist.. Albany, 111..
939
Sharpsburg, Pa................
941 Wilkinsburg. P a .............
-Llion Union Free Sch.
Middleboro Fire Dis
727 Wiimerding. P a .......... .. ,898
Diet. No. 1, Town of
alo Alto. Cal — 9 7 9 , 1 * 2 8 Sharp9ville. Pa................
1085, 1129
980 Windham. Conn
trict. Mass
. . .. . 1127
German Flats. N. Y .... 1127
ainesville. 0.979,1031, 1127 Sierra Co., Cal........ 808,
Independence. M o ...763, 1031 Middlesex <’o., Mass.1031, 1083 Pas« oag, It. 1...................
808 Skaneateles, N. Y ........... 1031 W inds r Lo> ks. C onn... 1 0 3 4
850
Indian*p lis, ln d .............
726 Miller’s Falls, Mass.,939, 1127 Passaic, N .J ........... 766,
850 Slater. Mo ...................... 1083 Wyoming, O.....................
808
... . 1031 Paterson. V.J ........ 979, 1128 Sonora, Cal......................
Ionia, Mich. ......
819 Milstadt. Ill
onkers, N .Y ..............
7
Minneapolis, M inn.. .808,
892 Peekskill, N. Y ................. 1 1 3 0 Southfield School Dist.
Islip School District, No.
oungstown. O ...........
7c g
727
764 Peoria, ill .............. 979. 10i l
I, Suffolk Co., N. Y ...... 1 1 3 0 i Montclair, N. J ................
No 1. N. Y ....................
Evnnston O..............9 9. 1126
Hg
Everett. Mass......... 720,
Exeter, Col ....................
807
la c k Co., T ex.................
** acksonvtlle. Fla..........
Juniata, P a .-...................
K
F
L
R
U
H
V
S
M
O
P
Y
-
N E W LOANS.
M IS C E LL A N E O U S .
C IT Y OF
M U N IC IP A L BONDS
OF
YORK
CHICAGO.
3 H PeR C E N T
City of Cambridge, Mass., - - 4s
City of Lowell, Mass., - - • • 4s
City of Boston, Mass., - • - • 48
City of Cleveland, Ohio, • - ■ 4s
A full description o f either o f these issues, with
prices, will be mailed on application.
E. H. ROLLINS & SONS,
19
M IL K .
STREET,
B O S T O N .................................................M A S S .
WHANN& SCHLESINGEK
DUE NOVEMBER 1st, 1916.
INTEREST P A Y A B LE JAN. 1st AND JULY 1st,
Executors, Administrators, Guardians and others
bolding trust funds are authorized by an act o f the
New \ ork Legislature passed March 14,1889, to in
vest in these bonds.
PRICE AND PARTICU LARS ON A PPLICA TIO N
BONDS.
STREET,
NEW
W. J. Hayes & Sons,
BANKERS,
DEALERS IN MUN IC IP A L BONDS,
Street Railway Bonds, and other hlnh-irrade In
vestments.
BOSTON. MASS.,
C levelan d, Ohio,
7 Exchange Place.
3 1 1 - 3 1 3 Superior St.
Cable Addrete, “ KENN ETH.’ ’
S A F E IN V E S T M E N T S .
se n d
f o r
on A p p licatio n .
15 W A L L S T R E E T . f k W
70 State St., Boston.
YORK.
^ 2 7 5 ,0 0 0
4 1 and 4 3 W a l l S tre e t, N e w Y o r k .
Chicago D ra in a g e .............................................43^s
S yracuse, N. Y .................... ........................... 4 s
L e R o y , N . Y . .................................................... 4 s
D e s M oin es, l a . (Sch ool)............................... 4J^s
M uskegon , M ich ............................. ................ 5 s
South O m aha, N e b ra s k a .............................. 7 s
A sh la n d , W is . (G o ld )..................................... 5 s
QUEENS COUNTY, N. Y.,
GOLD ROAD 4s.
P R IC E
ON A P P L IC A T IO N
F O R SALE BY
il l s
BAN KERS,
1 7 1 L a S a lle S t„
C H IC A G O
&
B
lanchard
Farson, Leach & Co.,
2
,
MUNICIPAL BONDS
W ALL
STREET.
BONDS.
BANKERS.
Rochester, N. Y.,
8 1 0 0 ,0 0 0 2 - 8 - Y e a r S e w e r 6 s .
Newtown, Lone Island,
$ 5 0 , 0 0 0 6 - 3 0 - Y e a r School D istric t 5 s -
BOUGHT AND SOLD.
D e v o n sh ire
B u ild in g,
10 Stale Street, B o s to n , HI ass.
State of Iowa,
$ 3 0 , 0 0 0 6 P e r Cent W a r r a n ts .
Borough
of
Renovo, Pa.,
$ 3 0 ,0 0 0 3 0 - Y e a r G old 4M s.
F re e o f T a x .
W. N. Coler & Co.,
8 1 0 ,0 0 0 1 4 -Y Te a r S e w e r 4 s .
BANKERS.
$ 1 3 ,5 0 0 1 - 9 - \ e a r S e w e r 6 s .
l is t
Columbus, Ohio,
Aurora, HI.,
Anne Arundel County, Md.,
DIETZ, DENISON & PRIOR,
C O N G R E S S S T R E E T , - B O ST O N .
1 0 9 Superior S tre e t, C levelan d, O.
5%
SOLD.
N. W. HARRIS & CO.
BANKERS
City and County Bonds. MUNICIPAL BONDS.
33
F u ll P a r tic u la rs
C IN C IN N A T I, O.
M
YORK
and
AND
Rudolph Kleybolte & Co.
31 S tate S t „
BOSTON.
W ALL
BOUGHT
MASON, LEWIS & CO..
MUNICIPAL
a
4%, 4K%
GOLD BONDS
New York Savings Ban ks
6 E
N E W LOANS.
NEW
IN V E S T M E N T S
-
$ 1 0 ,0 0 0 2 2 - Y e a r School 5 s .
T ric es
and
P a r tic u la r s
C. H. W H iT F
34 N ASSAU STREET
on
&
A p p lica tio n c-
CO.,
BAN KERS,
72 B R O A D W A Y , N E W Y O R E .
@FedFRASER