Full text of Commercial and Financial Chronicle : February 19, 1898, Vol. 66, No. 1704

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Quotation -Supplement (M®
o *)
n
; JhYestons Supplement(QuarteH*)

-Street RailwaijSupplement ( 0 ^ $
State and City -Supplement (5 ™ « $

[E n tered a c c o rd in g t o A o t o f Oongreaa, m th e y e a r 1898, b y the W il l ia m B . D a n a C o m p a n y , in th e office o f th e L ibrarian o f OongreM .

VOL. 66.

SATURDAY, FEBRUARY 19. 1898.

© tirottict«.

P U B L IS H E D

Week ending February 12.
Olearings at —

W EEKLY.

Terms of Subscription—Payable in Advance :
P or One Y e a r...................................................................................... $10 00
F or Six M on th s.
.......................................................................
6 00
E uropean S nbsoription (in clu din g p o sta g e ).............................. 12 00
E uropean S ubscription S ix M onths (including p o sta g e )........
7 00
A nnual Subscription in L on d on (including p o sta g e )............. £ 2 10s.
S ix Mos.
do.
do.
do.
. . . . £ 1 10s.
A b o v e su bscription includes—
T h e Q uotation S u pplem en t
- Issued M onthly.
T he I nvesto rs ’ S u pplem ent
“
Quarterly.
S t r e e t R a il w a y S u pplem en t “
Quarterly.
Sta t e a n d Cit y S u pplem en t
Sem i-Annually.
A ll o f w h ich are furnished w ithout ex tra charge to ev e ry su bscriber
a t the C o m m e r c ia l a n d F in a n c ia l C h r o n ic le .

Terms of Advertising.—(Per Inch Space.)
T ransient m a tter................. $3 50 |Three M onths (13 tim es)..S 25 00
stan din g business ca r d s .
S ix M onths
(26 “
).. 43 00
T w o M onths
(8 tim e s).. 18 00 1T w elve M onths (52 ** ) .. 58 00
L o n d o n A g en ts:
Messrs. E d w a r d s & S m ith , 1 Drapers’ C ardens, E. O., w ill take sub­
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W I L L I A M It. D I M C O M P A N Y , P u b lis U e r s ,
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P ost O f f ic e B o x 958.
NEW YORK.

—On page 376 will be found the detailed returns, bv States,
of all the national banks, under the Comptroller’s’ call of
December 15, 1897, kindly furnished us by the Comptroller.
The returns for October 5,1897, were published in the C h r o n ­
i c l e of December 18, 1897, page 1163.

CLEARING HOTJSE RETURNS.
The follow ing table, made up by telegraph, eto., indicates
that the total bank olearings o f all the clearing houses
o f the United States for the week ending to-day, February
19, have been «1,524,588,524, against $1,214,728,997 last week
and $955,135,768 the corresponding week o f last year.
Cl e a r in g s .
Returns by Telegraph.

Week Undino February 19.
1898.

1897.

Per Oent.

New Y ork ...............................
B oston .......................... .
P h ila d e lp h ia ............. . . . . .
Baltim ore.............................. .
Chicago. ______________ _____
St. L o u is ____________ _____
New O rlean s._____________

$358,299,895
91,705,015
70,285,705
16,377,338
100,763,103
24,763,195
9,950,137

$455,838,233
69,631,238
52,225,697
10,536,053
66,627,722
23,989,439
7,299,913

. +88-3
+31*7
-1-34-6
+55-1
+51*2
+3 2
+36*3

Seven cities, 5 d a y s. .... ..
Other cities, 5 days.......... .

$1,166,144,388
155,964,273

$'686,118,325
128,761,247

+70*0
+21*1

Total all cities, 5 d ay s....
All cities, 1 day........ .

$1,322,108.661
202,479,863

$811,909,572
110,226,196

+62 2
+14-1

$1,521,588.521

$955,135,768

+59*6

Total all cities fo r week

NO. 1704*"

New Y o r k ..,..........
Baltim ore...............
W a s h in g to n .......
R ochester..............
Syracuse................
B ingham ton...........
T otal M id d le ....
B oston ......................
P roviden ce..............

l 1898.
P . Cent

1898.

1897.

$
725,199,611

$
460.826.001
55.154,311
13,638’Î37
13,169.097
8.322,7«,
1,795,17«
1,244.707
782.517
757,638
676,89*
281.0OC
551,027,310

•4-26 è

13,416.006

+11-4
+12'c
+20*i

1,814.794
1,307,333
800,!-62

-+8“J
+12*4
+48*7

298.700
050,776,068

102.200.712
4,702 80(

+8-C
+110

84,839.fl09
5.097.500

1,478,138
1,148.765
1.252.98,
1,162,9?;
886,871
614,95!
410.637
116,224,347

—47
+29*1
+10 1
+19 i
+18 t
—7*7
+7*6

1,490,413
1,274.069
1,313.981
1,119,715
897,748
621.214
441,810
99,477.580

63,818.830
+47*8
11.346.05C
+101
5,103,148
+21*7
4,921,777
+37*4
4,761,055
+30-C
3,076.01C . +43*4
1,801,681
+38*t
1,387,793
1,336,224
+1B0
647,742
+210
570.474
•+•21*9
268,886
+19 8

73 416 518
10,824,250
5.713.667
5,601.489
6.821.905
2,968 S00
1.834.496
1,628 993
1,114 063
713.700
583,876
260,632

+¿5*9
+18-6
+42
—0-7
+43-2
+ 57 7

235 991
295.000
238.426
175,060
155,744

17 901,78*
1.999,181
1.400.72Í
942,93:
090,581
735,801
391,00(
' 825,686,111

+57*4
'+1*

1896.
«
555,730.387

1895.
467,802.820
67,972,942
10.922,733
10,801,489
3.212,202
1.668,188
1,726,211
766,412
613.259
618,823
____ 278,700
515,900,776

New H aven.............
Springfield..............
W orcester...............
P ortland..................
Fall R iv e r...............
L o w e ll.....................
New B ed ford ..........
T otal N ew E n g...

110.334.88Í
6,8ll,50C
1,800,101
1.408. i51
1A9M «
1.353.82C
1,280.546
1.002,15«
730.37;
378,807
125,093,350

Chicago....................
Cincinnati...............
D e tro it.....................
C leveland................
M ilwaukee..............
C olu m bus................
In d ia u a p o lls..........
P eoria .......................
T o le d o......................
Grand R apids.......
D ayton.........
L e x in g to n ...............

94,021806
12,188 50(
0,212 812
0,703.674
0,588,045
l.lOo.OOO
2,500,290
1,512 489
1,595.834
887,781
695,550
322,0j0

C anton.....................
Youngstown*..........
T o t. Mid. W est’» .

322 29«
285 4U0
208,549
195.307
203,918
205,902
215.143
139,390,691

100,144,291

+S9-2

Sioux F alls.............
T otal P a cific.......

11,628.746
1 441,058
1,941 410
1,565,610
850,387
1,303,000
641 530
214,035
109,353
22,702.739

11,358.060
1,201,101
905,647
1,044,025
322,250
344.822
493.376
144,116
45,171
15,859 068

+28*8
+20*0
+115 6
+49*9
+163 9
+277-1
+30*0
+ 48 9
+142-1
+43-1

14,202.945
1,161.204
1.112 339
1.376,898
441,664
516,882
341,442
127,363
81,715
19,364 972

Kansas C ity............
M inneapolis............
Omaha......................
St. P a u l..................
D e n v e r....................
D avenport...............
St. Joseph .............
Des M oines.............
Sioux C ity...............
L in c o ln ...................
W ich ita ..................
T opeka.....................
F rem on t..................
H astings..................
T o t. o th er W est.

10,338.675
5.880,557
5.201.930
3,019.501
2 642,785
760.855
1.290.863
950.000
803.122
292,132
490,188
513,734
114,184
120,760
32,361,302

10.202 098
4.478 779
4.194.285
2,455.385
3,131,606
617.337
1.099,100
840 093
451,701
248.071
382,479
326 025
69,025
88,210
28,475,206

+1-3
+31-4
+ 2r0

9.190 403
5,930,422
4.059,261
4.125,167
2,5C 1,390
1.351.724
1,356.000
903,960
457,715
287,595
496 138
277,901
59.510
64 444
31,426,636

L230.867
836.851
189.013
815,001
653,501
116,397
50,686
55,000
26,819,683

St. L o u is..................
New Orleans............
L ouisville................
Galveston................
H ouston...................
Savannah................
R ichm ond ...............
Mem phis..................
A tlanta....................
N ashville.. ...........
N orfolk.............. .

28,203.699
11.000.807
7.066.451
3,284.250
3.159,473
2,478.147
2.620,232
8.505,343
1,617.402
1,274,317
911,003

26.219.276
9.095.750
6,418,997
2,267,500
2.520 301
2,024,870
2.209,041
1.819.817
1.488,467
945,760
879,406

22,736,208
9,826.716
6,624,770
£«206,487
2 922,737
2.698.800
2,209.639
2,408,283
1.471,429
1,049.013
1,046,601

20,112,115
6,537,069
6182,026
2,020,658
2,271,691
2119.755
2.201,603
1.743,363
961.752
765,801
737.705

San F rancisco........
Salt Lake C ity........
P ortland..................
Los A n geles............
T acom a....................
Seattle.....................
Spokane...................

194,180
240,700
200,134
196,604
142,372
130,542

—18 8
+48-2
+17-5
H-12*8
+778
+17-8
+28*2
+57-4
”(-93'4
+36 9
+13-8
+7-0
-4-209
+10-1
+ 44 9
+25T

76.787,151
4,763,000
1,879,602
1.148,084
1,232,619
1.055,096

1,122,110

693.231
*70,611
_ 879,127
_
89,630,721
72,383,803
11.329.550
6 649,734
4,677,548
6.337,206
2,645,200
993,496
1,904,077
820,188
457,333
191,910
178,631
282,002
209.831
153,000
132,732

111,888.323 ‘ 107,796,176

13.877.860
1,178,517
1,058,788
1,285.656
532,355
611,536
371,023
99,635
___59,909

18,978,308
8.175.591
1.065,992
8 761,309
3,911,826
2.591.591

The fu ll details o f olearings for the week covered by the
above statement w ill be given next Saturday. W e cannot,
+18 6
+926
o f oourse, furnish them to-day, bank clearings being made
+8-7
up by the various clearing houses at noon on Saturday, and
+34-9
+36-4
hence in the above the last twenty-four hours o f the week
have to be in all cases estimated, as we go to press Friday n ight. F ort W orth .............
990.000
686.878
+44-1
745,260
1,125,000
_ 9 ’5
885.721
801,637
615,709
We present below our usual detailed figures for the pre­ A ugusta...................
411,111
479,774,
+23 4
388,878
458,653
269,853
vious week, oovering the returns for the period ending with Birmingham............
+33-3
610,335
375,888
K n oxville................
469.262
+25 4
376,695
300 381
257,232
375,703
Saturday noon, February 12, and the results for the corres­ L ittle R o ck .............
193,524
218,750
—11-6
302.484
390,227
Jackson ville...........
ponding week in 1897, 1896 and 1895 are also given. Con­ Ohattanooga.. . . . . . .
+ 28 9
338 379
262,669
254.U6
190,755
683 000
600,000
+13-8
trasted with the preceding week, there is a decrease in the M.’ co n ......................
T o ta l Southern.. —09,494,408
69,613,848
+ 16 6
53,362.469
18,606,526
aggregate exchanges o f about three-hundred and two
million dollars, and at New York alone the loss
+3+3 971,290,647 837,762,153
T o ta l a ll.......... . 1,214,728,997 871.944,075
is two-hundred
and
fifty-seven millions.
In com ­ Outside N. Y o rk . 489,529,354 411,119,069 +19-0 415,566.310 180 159,833
parison with the week o f 1897 the total for the whole coun­
M
+48-5
9,479,000
8,818,195
10.646,842
15,811.988
try shows an increase o f 39*3 per cent. Compared with the T oontreal..............
ro n to ...................
6.146,(83
+36*2
8.376.478
0,232,342
1.637,11»
week o f 1896 the current returns reoord a gain o f 25*1 per H alifax....................
+ 10 9
1.150,757
1,030,103
978,750
1,203.963
W innipeg.................
982.579
+41-8
1.024.786
612.110
1.453 593
cent, and the excess over 1895 is 45*0 per cent. Outside of Hamilton.................
+13-9
569,605
658,088
671,202
637 467
New York the excess over 1897 is 19*0 per oent. The increase St. J o h n ...................
+0-01
621,915
621,980
18,502/760
over 1896 reaches 17*7 per oent, and making comparison with
+40 3
T otal C a n a d a ....
20.029,334
28,105,469
15,718,308
1895 th e gain is seen to be 28 7 per oent.
C * Not included ia totale. + Publication su3p3tiied for the present.




THE

358

THE F IN A N C IA L SITUATION.

CHRONICLE.

[Y O U

L X V 1.

within the trade record of the United States. The
excess of the merchandise exports over imports is $57, 686,546; in January 1897 the similar total was $42,597,- *
865, which was larger than the total for the same month
of any previous year ; hence the January 1898 figures
exceed the highest previous record by over 15 million
dollars and exceed the 1896 statement by over 39
million dollars. But it is not simply a month’ s con­
dition we have to consider to-day; the January balance
is only one of an uninterrupted series of favorable
balances accumulating almost from the beginning
of the present fiscal year.
Take the last four
months (October 1897 to January 1898, both months
inclusive) for comparison, the period during which
this feature has been most striking. October 1897 is
also sufficiently removed from the disturbing influence
on our foreign trade of prospective higher duties be­
cause of tariff legislation in progress, to make the con­
ditions normal. We include in this statement the
whole trade, silver and gold, as well as merchandise,
and extend the comparison so as to cover the same
period of the previous two years.
•<

Events of an international kind have been crowding
upon one another with singular rapidity since the new
year opened. First was the rioting last month in
Havana; leading to the assembling of United States
war vessels off the coast of Florida and thereafter the
despatch of the Maine to Cuba. Temporary uneasi­
ness in business circles was the result, more especially as
the Senate exaggerated the incident, while in the House
an attempt was made to pass as a rider to the Diplo­
matic and Consular Appropriation Bill a provision rec­
ognizing the Cuban insurgents as belligerents. Scarcely
had the ruffled feelings this occurrence caused been
smoothed over, when the De Lome letter was made
public and three, belligerency or free-Cuba resolutions
were offered by Senators all on the same day. One of
these revived the plan of attaching the proposal to
the Diplomatic and Consular Appropriation bill. How
thisitv'eek we have the terrible explosion on the Maine
while lying in Cuban waters, attended by the death of
Oct. to Jan. inclusive—
1897-98.
1896-97.
1895-96.
at least 212 men, with many more wounded, and the
M erch an d ise,n et e x p o r t s ..$257.298,000 $222,882,000
$84,628,000total destruction of the vessel.
Silver. net e x p o r ts ..............
8,618,000
9,804,000
10,679,000
This latter is a national calamity. The dead and
M erch’n d isean d silv e r.$265,916,000 $232,686,000
$95,307,000
injured are presumably more numerous than would G old net im p orts.................. 19,585,000 37,715,000 *27,225,000
have been the outcome of a hostile meeting in mid­
T ota l balance e x p o r ts..$2 46,331,000 $194,971,000 $1 22,5 32,0 00
ocean. Another phase of the event, too, has made it
*Net exports.
Even the contrast the foregoing presents does not
a fu rth er' misfortune, and that is the fact of its
location and the circumstance that it happened just bring out in full the more favorable character of this
after the disclosure of the De Lome letter. These year’s exhibit. We have not the space to develop that
conditions raise a suspicion that it was caused by an thought. It is sufficient to-day to note that as the
outside party, which will be very hard so clearly to figures stand they show on February 1 1898 a balance
disprove as to wholly remove. As we write there is in favor of the United States of 246£ million dollars
apparently the best of reasons for the belief that it with nothing to offset any portion of it so far as the
was an accident, and every one who in his life seeks to recorded trade movement represents the situation;
cherish and promote peace on earth and good will to­ that is to say, a balance nearly 51% million dollars
wards men must earnestly hope that the facts dis­ larger than for the same months of that other phenom­
closed by the investigation which has been ordered enal year 1896-97 and 124 million dollars larger than
will be sufficient to put that presumption beyond ques­ in 1895-96. Notwithstanding these facts, many belittle
tion. A t the same time, no one can fail to see that the influence of the current balance because invest­
positive proof is hardly procurable, except so far ment purchases of sterling have controlled it so far,
as to determine whether the destruction wrought and they expect the trade conditions for future months
was brought about by a torpedo underneath or an ex­ will follow last year’s statements. They are at least
plosion inside the vessel. On that point general mistaken in this forecast of future trade movements.
opinion at present follows the view of Secretary Long The condition which brought a good profit to invest­
of the Navy Department, of Commander Dickens, ments in exchange in the spring of 1897 (the abnor­
chief of the Navigation Bureau, and indeed of almost mally large imports during the five months following
every one else in position to reach an intelligent con­ March 1 1897, stimulated by the prospective higher
clusion— which is that the explosion is to be attributed duties), will be wanting this year. Imports hereafter
to an accident and not to any hostile design. There is will show an increase, but will remain far below last
a fear, though, that the battleship has been so broken year’ s figures, while exports promise to continue larger
up that the accident idea may never be absolutely than then.
There has been a further increase in the production
demonstrated. That would, under the circumstances,
be unfortunate, for it would leave room for enopgh of pig iron, and thus all past records are again broken.
doubt to give the disturbers of the peace something According to the monthly statements compiled by tho
to talk about. Public opinion is, however, sound, and “ Iron Age,” the output the 1st of February was228,will rehch and give expression to a conservative view 338 tons per week, as against 226,608 tons on January
of the facts when disclosed. We would refer our 1. The increase has thus been 1,730 tons per week.
readers to a subsequent article with reference to this It should be noted that this gain has been established
in face of a decrease in the number of furnaces in
feature.
The peculiar condition of the foreign exchange mar­ blast, only 184 active furnaces being reported now as
ket makes conspicuous the phenomenal foreign trade against 188 a month ago and 191 on December
figures published this week by the Bureau of Statis­ 1. In the output tjiere has been a steady
tics. Last week we referred in this column to the expansion since last July, when the weekly product
exports of breadstuffs, provisions, cotton, &c., for was but 164,064 tons, as against the present total of
January. To-day we have the complete returns of 228,838 tons. Just before the Presidential election of
the trade for that month, and they indicate the largest 1896 (or to be more exact on October 1 of that year),
net favorabl# merchandise balance for any January the output was but 112,782 tons. The addition dur-




F ebruary 19, 1888.]

THE CHRONICLE.

359

ing the sixteen months has been over 100 per cent, it it is worth, as this claim is subject to the outstanding
will be observed, and this furnishes an excellent illus­ first mortgage amounting to $6,303,000. We are
tration of the great advantages that have accrued as confident too that if it had not been for the great im­
the result of the success of the sound money cause at provement in the business situation that has occurred
that important juncture in our national affairs. The within the last seven or eight months and the peculiar
“ Iron Age” seems to think there is little likelihood of situation in which the Reorganization Committee found
much further expansion at present, or rather our con­ itself with reference to the depositing security
temporary shows that the furnace capacity in the Cen­ holders, the Government would not have been able to
tral West is almost completely engaged, and perhaps it obtain even the principal sum of the claim.
is desirable that there should not be further extensive
Two prominent companies have this week enlarged
additions for the time being. We base this conclusion their rate of distribution to shareholders. The Burling­
on the fact that stocks have shown some growth the ton & Quincy made its quarterly dividend
per cent,
past two months. Up to the 1st of December the against only 1 per cent, thus raising the stock from a
total of these stocks was being steadily diminished; 4 per cent basis to 5 per cent. As is known, the
but during December the amount was added to 12,481 Quincy has been showing very heavy gains in earnings
tons and during January there was a further addition for some months, and a higher dividend had been
o f 39,918 tons. Of course the increase is small and generally looked for. The company has 82 millions
the aggregate of the stocks is by no means heavy, of stock outstanding, so that an additional one per cent
being 7f?'6,284 tons. The matter is significant only as will call for an increased payment of $820,000
showing that the output has reached a point where it per year. The Canadian Pacific has also enlarged
is running slightly ahead of the consumption.
its dividend rate, declaring 2\ per cent for the halfIn the railroad world there have been a number o f year ended December 31 1897, payable in April 1898.
important developments during the week. The New The semi-annual payment in October last was only 1£
Y ork New Haven & Hartford, which now controls the per cent, and the April payment of the same year was
New England Railroad through stock ownership, on but. 1 per cent. The advance in the price of wheat
Saturday last announced a plan for the merger of the which occurred last summer and has been maintained
two properties by an exchange of stock. The offer is since then, with the resulting prosperity of the farm­
to give one share of New Haven stock for five shares ing classes, and the coincident revival of general trade
of New England common and one share of New Haven in the United States, have been of great advantage to
for two shares of New England preferred. As the the road. A preliminary report submitted for the
New Haven now pays dividends while the New calendar year 1897 shows a surplus of $731,622 over
England
has not, yet reached that fortunate and above the 4 per cent dividends paid or declared
stage, the effect of the arrangement will be to out of the earnings of that year.
increase the dividend requirements of the company.
Money on call, representing bankers* balances, has
But the relations between the two properties have loaned at 1 to 1% per cent during the week, with the
been somewhat peculiar, and the minority holders of bulk of the business at 1J to 1£, and the average about I f
the New England have been rather restive for some per cent. Banks and trust companies maintain I f per
time and not entirely satisfied with the New Haven man­ cent as the minimum. Though there is a fair inquiry
agement of the property. So long as the ]STew England for time contracts, the demand finds response in lib­
remained on a non-dividend basis, it was hardly possi­ eral offerings, and rates are 2 @ 2 f per cent for sixty to
ble for the New Haven people to avoid the charge that ninety days and 3 per cent for four to seven months.
the road was being run by them solely in the New There is a good inquiry for mercantile paper and the
Haven interest. So long also as the New Haven was j best names sell readily. The offerings are moderately
only part owner of the road, it could not have full free­ large, and rates are 3 per cent for sixty to ninety-day
dom in the development of the property or treat it as endorsed bills receivable, 3 f@ 4 per cent for prime and
an integral part of its own system. A merger in the 4@ 5 per cent for good four to six months single names.
way proposed seems the best way out of the dilemma. There have been fewer new contracts on sterling col­
•Of course it will take some time before the arrange­ lateral this week. The banks as a rule have pretty
ment proposed can be carried out, as- action by the full lines of such loans, and until some of these
stockholders of the two companies is required, and loans mature they are not likely to increase their lines.
legislation also is necessary.
Banks having large correspondence report generally
The purchase of the Kansas Pacific division of the satisfactory conditions in the interior. The informa­
Union Pacific by the Union Pacific reorganization tion they get indicates good collections, light borrow­
'Committee at the foreclosure sale this week has been ings and a general abundance of unemployed money.
another important event. The committee finally de­ The wheat deals in Chicago are being carried with
cided to advance its bid for this piece of property, capital obtained from institutions other than banks.
c r rather for the Government claim on it, from These borrowings are on ample margin and otherwise
$2,500,000 to a figure to cover the principal of the well protected. The Sub-Treasury has been transfer­
subsidy debt issued in aid of the road, namely, $6,303,- ring funds to St. Louis, Cincinnati, Louisville and
000, which was what the Government had demanded, other Western points during the week, and also to New
■and accordingly the foreclosure sale was allowed to Orleans, and the movement has been larger than
proceed.
The action of the Administration has for some weeks. The calling by the Treasury of 10
been criticised in Congress, because it did not, per cent instalments of the money on deposit with the
as in the case of the U. P. main line, in­ specially designated depository banks in this city has
sist on the payment of the unpaid accumulations somewhat, though slightly, affected the banks this week.
c f interest, amounting to some 6§ million dollars
There has been no new feature of importance in the
more, but there can be no doubt that the Government European financial situation this week. The political
has made an exceedingly good bargain. In the estima­ situation was slightly disturbed by the renewal of
tion of competent judges it gets more for its claim than Socialist demonstrations in Austro-Hungary.
The




360

FHE CHRONICLE,

intense excitement at Paris growing out of the re­
markable trial of M. Zola is reported to have caused
some apprehensions on the part of Jewish bankers at
that centre, and this is said to have resulted in the
transfer of hanking capital to London. The Bank
of England minimum rate of discount remains un­
changed at 3 per cent. The cable reports discounts
of sixty to ninety day Bank bills in London 2 9-16
per cent. The open market rate at Paris is I f
per cent, at Berlin it is 2^- and at Frankfort 2 f
per cent. According to our special cable from Lon­
don the Bank of England gained £447,953 bullion dur­
ing the week and held £33,493,864 at the close of the
week. Our correspondent further advises us that the
gain was due to the import of £56,000 from Australia
and to receipts from the interior of Great Britain of
£392,000 net.
The foreign exchange market was easy early in the
week and lower, but grew steadier later. The ease
was due to the relaxation in the demand for long steri
ing for investment, and also to the offerings of fairly
liberal amounts of grain bills drawn against the ship­
ments of wheat from Chicago. The bills against the
earlier exports of this grain have been forwarded and
rebated on arrival in London, and instead of long
sterling being drawn against the proceeds of these
rebated bills, short sterling has been drawn.
By
Wednesday the market seemed to have absorbed the
offerings of commercial bills and of short sterling
in the market, and the tone grew steadier. The
range for nominal rates was from 4 83£ to 4 84
for sixty day and from 4 86 to 4 87 for sight until
Tuesday. Then the Merchants’ Bank of Canada re­
duced the sight rate half a cent, and the range there­
after was from 4 83^ to 4 84 for sixty days and 4 86
to 4 86^- for sight. Rates for actual business were onequarter of a cent lower all around compared with
those at the close on Friday of last week, at 4 83@4 83£
for long, 4 85£@4 85£ for short and 4 85f@ 4 86 for
cable transfers. There was some offering of bills
against securities, but the principal influence was the
lighter demand for long sterling for investment. On
Tuesday the market was still easier, especially for long
sterling. Cable transfers were also lower in the ab­
sence of demand. Rates for actual business were re­
duced one-quarter of a cent for long sterling and cable
transfers to 4 82|@4 83 for the former and 4 85|@
4 85f for the latter, while sight sterling remained un­
changed at 4 85^@4 8 5 On Wednesday the absorp­
tion of the offerings of commercial drafts caused an
advance of one-quarter of a cent in sixty day bills to
4 83@4 83£, but there was no change either in rates
for actual business in short sterling or in cable trans­
fers. The market was dull and steady on Thursday
at unchanged rates, and yesterday the same conditions
prevailed. The following shows daily posted rates for
exchange by some of the leading drawers.
DAILY POSTED BATES FOB FOBEIGN EXCHANGE.
FBI.,

Mo n ..

T u b s ..

W SL..

T h ü e ..

FBI ,

84
86«
84
86«
84
86«
83«
86
84
86
64
86«
84
86«
84
87

84
86«
84
86«
84
86«
83«
86
84
86
84
86«
84
86«
84
87

x84
86«
84
86«
84
86«
83«
86
84
86
84
86«
84
86«
84
86«

81
86«
84
86«
84
86«
83«
86
84
86
84
86«
84
86«
84
86«

84
86«
84
86«
84
86«
83«
86
84
86
84
86«
84
86«
84
86«

84
86«
84
88«
84
86«
88«
86
84
86
84
86«
84
86«
84
86«

Feb. U . Feb. 14. Feb. 15. Feb. 16. Feb. 17. Feb. 18.
(60 days,
Brown B ros........ i Sight....
i 60 days.
Baring,
Magoun & Co.. {S ig h t....
5 60 days.
Bank British
No. A m erica.. {S ig h t....
Bank o f
$ 60 days.
M on treal........ {S ig h t....
Canadian Bank {60 days.
o f Com m erce.. {S ig h t....
H eidelbach. Ick- i 60 days.
elheim er & Co. 1 S ight....
(6
Lazard F reres... {S 0 days.
ig h t....
M erchants’ Bk. (6 0 days.
o f C an ad a ...... {S ig h t....




¡V ol. L A M ,

The market closed steady on Friday, with nominal
rates 4 83^ @ 4 84 for sixty day and 4 86@4 86£ for
sight. Rates for actual business were 4 83@4 83£ for
long, 4 85£@4 85|- for short and 4 85£@4 85f for cable
transfers. Prime commercial 4 82@4 82£ and docu­
mentary 4 82@4 82f. Cotton bills for payment 4 81f
@ 4 82£, and grain bills for payment 4 82^@4 82f.
The following statement gives the week’s movements
ol money to and from the interior by the New York
banks.
Received by Shipped by
¡S Y. Banks. N. Y. Banks.
t.

Weék Endino February 18,1898.

$3,384,000
508,000
Total gold and legal tenders. . . .

Net Interior
Movement.

$4,389,000 Loss.$1,005,000
824,000 Loss.
316,00(1

$3,892,000 $5,213,000 Loss.$1.321,000

With the Sub-Treasury operations the result is as
follows.
Week Endi/no February 18 , 1898.

Into
Banks.

Out of
Banks.

Banks’ Interior movement,as above

$3,892,000
14,100,000

Net Change in
Bank Boldinga.

$5,213,000 Loss.+1,321,000
16,200,000 Loss. 2,100,000

Total gold and legal tenders....... $17,993,000 $21,413.000|L oss $3,421,000

The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
February 18, 1897.

February 17, 1898.
Bank of

Gold.
£

England........
France...........
Germany * ....
Anst.-Hung’y
Spain. ............
N etherlands.
Nat. Belgium*

| Silver.

£

83,493,884
..........
77,184,796 48,317,628
30,144,000 15,528,000
86,417,000,12,415,000
9,501,000 10,650.000
2,638,GOoj 6,850,000
2,823,000J 1,412,000

Total.

Gold.

Silver.

£

£

£

£

33,493,364
125,502,424
45,672,000
48,832,000
20,151,000
9,483,000
4,285,000

38,483,396
76,024,981
29,959,450
30,662,000
8,528,000
2,633,000
2,704,000

49,273.850
15,434,000
12,607,000
10,740.000
0,869,000
1,382,000

38 483,390
125 898 887
45,393,4 50
43,329,000
19,208,008.
9,502.000
4,146 000

lotal.

Tot.this week 192,201,660 95,172,628 287,374,288 189,054,827 96,365,856 286.020.683
T o t. prev.w ’k 191.740,971 95.190,128 286,931,099 !*•8,077,497 95,993,580 284.076,077

* The division (between g old and silver) g iven in ou r table o f coin
and bullion in the Bank o f Germ any and the Bank o f Belgium is m ade
m m the best estim ate w e are able to ob ta in ; ia neither case is i t , ,
claimed to be accurate, as those banks m ake n o distin ction in their
weekly returns, m erely reporting the total g old and silver, bu t w e be Ueve the division w e make is a close a p p roxim ation .
N ote .—We receiv e th e foreg oin g results w eekly b y ca b le, and w h ile
not all o f the date given at the head o f the colu m n , th ey are th e r e ­
turns issued nearest to that date—th a t is the la test rep orted figures.

CUBA AN D A M E R IC A N SELF-CONTROL.
There is one exceedingly important inference to be
drawn from the course of public action and popular
sentiment during the present dramatic juncture in
the Cuban imbroglio. This is the very evident con­
clusion that among our people the sense of responsi­
bility, and the sober-mindedness which accompanies
such a feeling, have increased steadily with each suc­
cessive development in this extraordinary chapter of
events. Even at.the time of the President’ s message,
two months ago, it was manifest that both Congress
and the people were considering the matter with far
more soberness and intelligence than they had seemed
to exercise in the two preceding years. The publica­
tion of the stolen letter of the Spanish Minister, on
Wednesday of last week, and the consequent abrupt
removal of this envoy from iiis official post, awakened
no such storm of blind popular fury as had been
counted on in some quarters of agitation. And finally,
the news of the astonishing event of last Tuesday in
Havana harbor, surrounded as it was and still is with
doubt and mystery, and crowded as the news seemed
to be with the most dangerous diplomatic possibilities,
has been received by the American people as a whole
in a spirit of calmness and sober judgment. It is
now obvious, what could by no means have been cer­
tain when the first news arrived of the destruction of
the ‘ ‘ Maine,” that Commander Sigsbee’ s appeal for
public judgment “ to be suspended until further re­
port,” was scarcely necessary.

F ebruary 19, 1898.j

THE < HRONICLE

361

Wednesday last was in reality one of those critical credit is also due to the expounders of international
moments when public sentiment, by a sadden ungov­ and constitutional law, who promptly took their stand
ernable outburst, may make or mar the fortunes of by the side of the President. But equal recognition
nations; and our people stood the test. There were a must be made of the popular opinion which instantly
few not very creditable exceptions among some news­ endorsed the President’s attitude, putting an end at
papers, some navy officers (if they were correctly once, therefore, to the pretensions of the jingo Sen­
quoted), and some public men ; but these instances of ators. Even Senator Mason’s resolution of last week,
hasty jumping at conclusions were conspicuous be­ Tuesday, whose purpose was to force under penalty
cause they were exceptions. The action of the A d­ the cessation of hostilities in Cuba, merely provided
ministration, in expressing its distress and regret at “ that the President of the United States be, and he
the terrible occurrence in Havana harbor, but sus­ is hereby, requested to notify Spain and the insurg­
pending all final judgment as to cause or meaning ents” to that effect. It is a long step from the Cam­
until the official court of inquiry shall have reported, eron resolution of December 18 1896, adopted al­
has been typical of the attitude of the people as a most without dissent by the Foreign Affairs Commit­
Whole. Congress has quickly recognized this state of tee, to the Mason resolution of February 8 1898,
popular opinion; and as excitement and hasty agita­ now under review in the same Committee; and the
tion in the constituencies are invariably reflected by step is entirely in the direction of conservative states­
angry controversy and blustering declamation on the manship.
We fully believe that the great power and respon­
floor of Congress, so the present calm and judicial
temper of the people found voice in conservative and sibility, entrusted thus by common consent to the
President, are in safe hands. We believe that the A d ­
■statesmanlike procedure, even in the Senate.
We have called attention to this phase of the pres­ ministration will observe alike the requirements of
ent situation because we believe it to be the most im­ national dignity, international propriety and human­
portant factor by far in the immediate future. No ity. Confirmation of this belief has been provided in
one denies that the Cuban situation, as affecting the ample measure during the two last troubled week's.
policy of the United States, has reached a stage which Particularly since the publication of the De Lom e
may become really critical. It is our double good letter, it has been no easy task for the Administration
fortune, under such circumstances, that the cause of to define and maintain its attitude. On the one hand
our own nation is directly in the hands of an executive it was quite impossible to ignore the references to the
whose acts and words are a pledge of careful and sober- President and his policy in the Spanish Minister’s
minded policy, and indirectly in the hands of a people correspondence ; but on the other hand, the situation
who wish justice, but not haste or provocation. was such that the least mis step in the communica­
Throughout the present session of Congress the dis­ tions of our Government with Spain regarding the
cussion of the Cuban matter has been on a plane in matter might force the two nations into armed hos­
very large degree removed from the explosive jingo­ tilities.
ism of a year and a-half ago. There has been
The peculiar manner in which the De Lome letter
no organized attempt to revive the foolish and came to publicity, instead of making the situation
hollow expedient of “ recognizing the belligerency simpler, complicated it. There was no distinct prece­
of Cuba.” As we have often shown, such recognition dent in diplomacy to regulate the action of either
involved a question not of wish or opinion but of government regarding objectionable sentiments ex­
fact, and tlie facts have thus far been entirely pressed in a private letter to a personal friend and
against it.
The “ belligerency ” plan was mooted by never intended for the public eye. Had such senti­
Congressmen, in our judgment, solely in order to ments been expressed by the Minister in a letter to
keep up agitation while escaping responsibility as far members of the United States Government, the course
as possible. Now that the question narrows itself, of procedure would have followed clearly determined
not to a war of threats and proclamations such as the lines. This was precisely the offense of the French
agitators would hail delightedly, but to a war of actual Minister at Washington, Poussin, in General Taylor’ s
bloodshed, Congressional oratory takes a different Administration. To this diplomatist, after an indis­
tone. We do not doubt that the appalling loss of life creet letter had been received from him by our Secre­
in this week’s disaster to the “ Maine” will of itself tary of Sfcate, passports were forwarded at once, with
have a sobering effect at least on those hot-headed the information that no further recognition of him as
public men who have avowed their wish for war for the representative of France would be granted.
war’ s own sake.
Similarly, when a foreign envoy indulges, in public,
Not less important than the conservative attitude of in unfavorable criticism of our Government’ s action,
Congress as a whole, in its expression of opinion, is the course of action is clearly defined by international
the unanimous agreement that action on this question etiquette and precedent. Citizen Genet, the obstrep­
must be left in the hands of the Executive, where it erous envoy from revolutionary France during Wash­
belongs. It was only fifteen months ago that the ington’s Administration, had been guilty of this offense,
United States Senate was passionately debating a reso­ and there was little question how to deal with him.
lution requiring of the Executive an act which would His withdrawal from this country and the formal dis­
have precipitated war. Senator Cameron and his sup­ avowal of his conduct by his Government were per­
porters in the resolution recognizing Cuban independ­ emptorily required, and the justice of both demands
ence would, if successful, have thrown into the arena was recognized by France.
of jingo debate decision on the whole of our future
But Senor De Lome' had not addressed his criti­
problems of diplomacy, peace and war. For the failure cisms to an American statesman, nor had he given
of this dangerous and reckless undertaking, high credit them forth to the American public ear, He had
is due to the Cleveland Administration, which courage­ written, in the course of his ordinary official duty, to
ously declared such a resolution to be an invasion of a colleague in the Spanish service— precisely as a Min­
Executive privilege which it would not heed. Much ister of our own at Madrid or any European capital




362

THE CHRONICLE.

fVOT. LXVI.

7.
1v
.......
" ,
.
might, and undoubtedly on occasion would, communi­
cate his personal judgment of the situation at his THE DECISION A G A IN S T THE CAST-IRON
P I P E TRUST.
point of office to an American fellow-diplomat at a
Very naturally, the decision rendered on Monday
neighboring European city. Such frank summaries
of personal opinion are indeed part of the traditional last by the United States Circuit Court of Appeals for
duties of an Ambassador, A Minister who communi­ the Sixth District, in what is known as the Cast-Iron
cated to his superiors at home or to his colleagues Pipe Trust case, has attracted a good deal of attention.
abroad nothing except such complimentary views of We say this is natural, because the ruling of the
men and policies as would be suited to the official in­ United States Supreme Court last year in the suit
spection of the statesmen under discussion would be against the Trans-Missouri Freight Association has
of little service to his government. The question is made the public rather apprehensive as to how far the
not whether Senor De Lome's judgment of American courts may go in applying the Anti-Trust Law o f
statesmen and policies was correct or not, but whether 1890. It will be remembered that in this Freight As­
he was or was not warranted in putting on paper, for sociation case the Supreme Court surprised the
the eye of his Spanish fellow-diplomats, exactly what country by deciding that the Anti-Trust Act, con­
he thought. As to his right of doing this there can trary to general belief, was intended to cover the rail­
roads, and, secondly, by declaring that the words “ re­
be no imaginable question.
But the letter to Senor Canalejas having been stolen straint of trade," must be construed in their strictest
in transit, published in fac-simile in a newspaper, and sense instead of being given the meaning which they
avowed by its author when questioned by the State always have had at common law, namely unreasonable
Department, a wholly new and extremely perplexing restraint of trade. To those who do not go below the
situation was created. This situation, in our judg­ surface, it may seem that this week's decision of the
ment, Mr. McKinley has met in such a way as to draw Circuit Court of Appeals furnishes merely another
our Government out of a very unpleasant position manifestation of the same tendency, for the Court
with both dignity and magnanimity. The Spanish rules in favor of the plaintiff, the United States Gov­
Minister's usefulness was necessarily at an end ; once ernment, and against the pipe manufacturers.
It is open to question, however, how far this latest
it was known that he had expressed such sentiments
ruling applies to the case of other associations and
regarding our Executive and his policies, he could no
longer be persona grata in the Washington diplomatic “ combines." A trust may be beneficent and desirable,
circle. This fact Senor De Lome himself was the first or it may be offensive and mischievous. The Castto recognize by forwarding his resignation to Madrid. Iron Pipe Trust seems to have been obnoxious in many
But it still remained to decide what form of dis­ ways. The contract was apparently drawn in ignor­
avowal should be demanded from the Spanish Govern­ ance or in- disregard of the law; indeed the claim was
ment; how far its apology and repudiation could be seriously made on behalf of the Trust that its managers
exacted, not only for the Minister's slighting refer­ did not know what inter-State commerce (to protect /
ences to the President, but fo r'h is advice that Spain which the Anti-Trust law was passed) was, and there­
“ should agitate the question o f commercial relations, fore could not have been engaged in an attempt to
if only for effect," and that it “ should send here a restrain it. It is clear at all events that the contract
man of importance in order that I might use him to contained many special features which would neces­
make a propaganda among the Senators and others." sarily distinguish that arrangement from “ tru st"
It provided for a division of
A truculent executive, eager to magnify Kis own im­ agreements in general.
portance in the eyes of the people, might easily, in the territory among its members; also the fixing of
absence of precedent, have demanded categorical dis­ prices, and the doing ot other things upon which
avowal of each of these unlucky utterances. There the courts have always looked with disfavor— even
was not wanting an active and very noisy clique in before the enactment of the Inter-State law.
The suit was a proceeding in equity begun by the
both houses of Congress to urge the President to
Attorney-General on behalf of the United States,
take this stand, and assuring him that the people
would support him with an outburst of *enthusiasm. against six corporations engaged in the manufacture
Under such circumstances, we repeat that it argues' of cast-iron pipe. The following are the names of the
well for the cool-headedness and self-restraint of Presi­ six corporations and their chief places of business:
dent McKinley that he allowed the Spanish Govern­ Addyston Pipe & Steel Company, Cincinnati, Ohio;
ment to withdraw from its own embarrassment with Dennis Long & Co., Louisville, K y .; Howard-Harrithe best grace possible, expressing its regret at the son Iron Company, Bessemer, Alabama; Anniston Pipe
unfortunate utterances of its envoy, without being & Foundry Company, Aiiniston, Ala.; South Pittsburg
pinned down to pledge its own repudiation of every Pipe Works, South Pittsburg, T enn.; and the Chat­
opinion on policies or events ventured by Minister De tanooga Pipe & Foundry Works, Chattanooga, Tenn.
Lome. To have exacted this would have been to im­ The Attorney-General's petition charged that these six
pose on a proud government, none too secure in the companies were engaged in a combination and conspir­
support of its own people, a humiliation utterly intol­ acy in unlawful restraint of inter-State commerce in
erable. In pursuing precisely the road which he se­ cast-iron pipe,in violation of the Anti-Trust law of 1890.
lected, Mr. McKinley proved himself equally the In their answer the companies did not deny that they
friend of international peace and of international had associated themselves together under a contract
of union to regulate the conduct of their business,
courtesy and forbearance.
It is this spirit of justice and sober-mindedness, in but they did deny that the association was in violation*
the Cabinet and among the people, which we trust of either the common law or the Federal statutes.
will pilot the nation safely through the dangerous The Attorney-General was able to establish the char­
diplomatic waters of the next few months, as it has acter of the agreement by the testimony of a stenog­
already guided it through the two critical Cuban rapher who had been in the employ of one of the'
companies. This witnessjproduced all of the minute»
episodes of the present fortnight.




F ebruary 19, 1898.]

THE CHRONICLE.

of the association, together with a large part of the
correspondence between the members with reference
to its business.
The testimony left no room for doubt that the
agreement constituted an attempt to fix prices and to
suppress competition, at least among the members of
the association. Under it the United States was di­
vided into “ pay” territory and “ fre e ” territory. In
the “ free ” territory the members were permitted to
sell at such prices as they pleased. This included the
New England States, besides New York, New Jersey,
Pennsylvania, Delaware, Maryland and Virginia.
The “ pay” territory embraced all the rest of the
United States.
In this latter, by the terms of
the association, the members agreed not to com­
pete
with
one another in regard to work
done or pipe furnished. The methods employed
in carrying out the purposes o f the agreement are
well shown in the scheme provided for dealing with
calls for supplying pipe on special contract. Whenever
a municipal corporation, a water company, or a gas
company advertised for bids for pipe, the executive
committee of the association met to determine the price
at which a bid was to be put in by one of the members
of the association. The price determined, the mem­
bers settled among themselves, at a sort of auction,
who was to make the bid at this price. The company
which agreed to pay the highest bonus to the associa­
tion was awarded the right to the bid and to the
order, in case the bid secured it. Of course the will­
ingness to pay a bonus is an indication that, in case
of free competition, the price to the purchaser would
be less than that fixed by the association, for obviously
a bonus would not be offered for the order if it did
not present opportunity for profit.
But the arrangement did not stop here. After a
company had in this manner acquired the right to bid,
it was “ protected ” in its right by such of the other
companies in the association as were invited to bid.
These other companies carefully graded their bids so
as to have them slightly higher than the bid of the
company to whom the contract was to go. Certain
cities in “ pay” territory were reserved for the benefit
of particular members of the association, it being
agreed that they should have the work at those cities,
and for this they were obliged to pay a regular bonus.
There was also a bonus on stock goods when sold
otherwise than by special contract obtained by bid­
ding. By far the larger part of the work, though,
was secured by special contract, after the manner
above mentioned. Settlements of the bonus accounts
were made at stated times. These accounts, however,
it was found,-largely offset each other, so that only
small sums passed in settlement.
This outline of the scope and plan of the asso­
ciation agreement is necessary to show the facts
and circumstances on which the Circuit Court of
Appeals rests its present decision. In the lower
court the ruling was in favor of the defend­
ants, but the Judge based his conclusions en­
tirely on the theory that the combination could not
be considered a violation of the 1890 Anti-Trust act,
since it did not affect inter-State commerce directly,
but only incidentally. He laid down the rule that the
Anti-Trust act does not and could not constitutionally
affect any monopoly or contract in restraint of trade,
unless it interferes directly and substantially with inter­
state commerce or commerce with foreign nations.
The^Circuit ¿Court of Appeals, however, takes a dif­




363

ferent view as to the application of the 1890 act to
the case under review, and holds that the pipe
agreement comes within the scope of its provisions.
Judge Taft, in speaking for the Court, says that the
members of the association knew that the combina­
tion they were making contemplated the fixing
of prices for the sale of pipe in thirty-six different
States, and that the pipe sold would have to be de­
livered in those States from the four States in which
the defendants' foundries were situated.
“ They
knew .that freight rates and transportation were a
most important element in making the price for the
pipe so delivered. They charged the successful bidder
with a bonus to be paid upon the shipment of the
pipe from his State to the State of the sale. Under
their first agreement the bonus to be paid by the suc­
cessful bidder was varied according to the State in
which the sale and delivery were to be made. It seems
to us clear that the contract of association was on its
face an extensive scheme to control the whole com­
merce among thirty-six States in cast-iron pipe, and that
the defendants were fully aware of the fact whether
they appreciated the application to it of the AntiTrust law or not.” It had been contended on behalf
of the pipe concerns that they did not and could not
have an absolute monopoly, since there were some in­
dependent pipe manufacturers outside the Trust.
But Judge Taft quotes from the opinion of Chief
Justice Fuller in the Sugar Trust case, where it was
said “ that in order to vitiate a contract or combination,
it is not essential that its result should be a complete
monopoly; it is sufficient if it really tends to that end,
and to deprive the public of the advantages which
flow from free competition.”
There were features of the association that would
have made it illegal in any event—for instance that
part of the plan which required other members than
the member to whom the contract had been assigned
to make fictitious bids above the bid of the member
selected for the work. This the Court declared “ was
a deliberate attempt to create in the minds of
the members of the public inviting bids the
belief that competition existed between the de­
fendants.”
It is a well-settled rule that an
agreement between intending bidders at public
auction or a public letting not to bid against each
other, thereby preventing competition, is a fraud upon
the intending vendor or contractor, and that the
courts when appealed to will set aside the ensuing sale
or contract. A conspiracy, the Court points out, is a
combination of two or more persons to accomplish an
unlawful end by unlawful means, or a lawful end by
unlawful means. The means used in this instance
were unlawful. Hence the act was an illegal con­
spiracy in restraint of trade.
It is thus evident that the iron pipe agreement must
be considered as standing on its own peculiar footing,
that it was especially vulnerable both in law and in
equity, and that hence no conclusions can be drawn
as to the merits or legality of combinations where the
facts and circumstances are different. There is a part
of the dictum of the Court which seems to be of
wider application, and which has been given special
prominence in the newspapers. But even here the
remarks separated from the context to which they
belong are apt to give an erroneous impression. We
refer to the broad language used by the Court in
declaring that the association agreement would be void
at common law, the expressions used being— “ however

364

THE CHEONTCLE

[V ol. LXVI

question, does not look with favor upon the idea o f
municipal ownership of street railways, or “ municipal­
ization,” as the committee calls it.
The report points out that the experience of the last
forty years has developed three distinct lines of treat­
ment of the relations between the street railway and the
municipality. The first is the natural outcome of the
idea of private ownership of both track and vehicle.
The company owning and operating the line is organized
under a State charter, but holds its location in the
streets under a municipal permit, usually granted for
a fixed terms of years, but in Massachusetts perpetual in
theory, though in point of fact revocable at any time.
This is complete private ownership, and the committee
says it exists not only in America, but is almost equally
well known and recognized in Europe. The second line
of development is a recurrence to the original principles
of ownership ; the street and its pavements belong to
the public, the vehicles that run upon the pavements
to private parties, whether individuals or corporations.
No distinction of ownership or control is, under this
system, recognized between pavements, whether of
wood, stone, concrete or iron, or a combination of two
of those materials, or of all; in any and every case the
pavement is laid down and cared for by the municipal­
ity, which thus in no way surrenders or compromises, the
committee says, its control of its own streets. Having
laid and owning the pavement, it does, however, concede
to a company, on such terms as may have been agreed
upon, the exclusive right to run vehicles for a' greater
or less period of time on a specially prepared part of
the pavement— the track. In this case the vehicles
and motive power only belong to the private company.
The third line of development is in the direction of
full public ownership—municipalization. The first,
or private ownership system, is that most commonly
in use in America, while in Germany the development
is in the direction of the second, or mixed, system,
and in Great Britain there is a strong and growing
tendency towards a thorough trial of the last system,
called municipalization.
The committee sees much merit in the first system,
R ELATIO N S B E T W E E N M U N IC IPALITIES but favors the second system so far as it can be made
AN D STREET R A IL W A Y S .
feasible under existing conditions. It finds results
The subject of the relations between street railways under the first (or private ownership) system quite
and the municipalities in which the lines are located satisfactory. In Massachusetts a comparison does not
or through which they run is occupying an increasing tend to show any grounds for serious criticism of that
share of attention under the growth and expansion of system. As a working machinery for the daily accom­
the street railway systems which has been in progress modation of vast numbers of persons, the street rail­
since the introduction of electricity as a motive power. way companies of the commonwealth, the report ar­
This gives more than ordinary interest to a report gues, fulfill their function quite as well with as little
just made by a special committee appointed last year friction and at as reasonable a cost as any other similar
under an act of the Massachusetts Legislature to pros­ machinery elsewhere which the committee has had an
opportunity (its investigations extended to Europe)
ecute an inquiry into the matter.
The committee was composed of eminent and able to study. A peculiarity is noted in the Massachu­
men, namely Charles Francis Adams, Wm. W. Crapo setts grants of franchises to corporations; the fran­
and Elihu B. Tlayes, and their report is just what we chises are in terms perpetual, while in reality
should expect from a body of men of this class—mod­ legally revocable at the discretion of local boards.
erate, sensible and fair, and furnishing a clear pres­ In this respect they are quite anomalous; for as a rule,
entation and discussion of the various phases of the both in this country and in Europe, concessions are
street railway problem. They make certain recom­ usually granted private companies for fixed periods of
mendations, which are incorporated in a proposed bill time only, during which the franchise, or concession,
as required in the A ct under which they were ap­ is in the nature of a binding contract. As it happens,
pointed, but there is nothing radical or extreme in too, such contracts are generally quite complex, being
these suggestions, and the arguments advanced to framed so as to provide in advance for every contin­
support them are strong and convincing. Perhaps the gency likely to arise. In Massachusetts, on the other
feature of greatest general interest in the report is the hand, the grants of location, the committee declares,
fact that the committee, like some other public com­ have as a rule been of the simplest possible character,
missions which have in the past made a study of the drawn in the most general terms, and with a noticeable

reasonable the prices they (the defendants) fixed,
however great the competition they had to encounter,
and however great the necessity for curbing them­
selves by joint agreement from committing financial
suicide by ill-advised competition,” the association
was void at common law because in restraint of trade
and tending to a monopoly.
To this the Court
added the declaration that in the present instance it
was not required to go so far as this, since the facts
showed that “ the attempted justification of this associatibn on the grounds stated was without founda­
tion.”
In construing these references, however, to the com­
mon law, the remarks immediately preceding, and
which led up to the statement in question, must not
be overlooked. These remarks qualify and control the
other statement. They make it clear that the Court
did not not say that all contracts in restraint of trade
are illegal at common law, but simply that certain
well-defined limitations apply. The Court indicated
very clearly the nature and extent of these limita­
tions. In brief, it laid down the rule that covenants in
restraint of trade, to be lawful, must be ancillary merely
to a main and lawful purpose, and that then they
must be manifestly necessary to protect one of the
parties from the injury which, in the execution of the
contract or the enjoyment of its fruits, he might
suffer from the unrestrained competition of the other,
that in such a case the main purpose of the contract sug­
gests the measure of the protection needed and furnishes
a standard by which the validity of such restraints
may be judicially determined. This rule, as already
noted, the Court found had no relevancy.to the present
case, where the sole object of the parties in making the
contract, as expressed therein, was to restrain competi­
tion and enhance or maintain prices. In such a case
there is nothing in the estimation of the Court to jus­
tify or excuse the restraint, since the tendency is to
create monopoly and to destroy the competition which
it has always been the policy of the common law to
foster.
^
^




F ebruary 19, 18t 8.

THR CHRONICLE.

365

absence of tephnicalities, reservations and safeguards attempt has yet been made in any country on a suf­
against contingencies; nevertheless, while by these ficiently large scale and for a long enough time to be
locations the local boards apparently granted the cor­ of any real significance. Glasgow and Leeds are the
porations rights in perpetuity in the public ways, the two European instances most frequently referred to.
law at the same time reserved to the boards the power From the statements often met with in the press, and
to revoke these rights at discretion.
the assertions heard in discussion, it might well be
It is admitted that such a franchise seems quite assumed, the committee points out, that the experi­
illogical, but the committee declares the arrangement ments made in these cities amounted to an indispu­
has worked quite well, and that in the testimony table and established success, whereas such is in no
taken no desire was manifested on the part of either degree the case. So far from a demonstrated success,
the municipalities or the companies to have a change it may on the contrary be affirmed, the report asserts,
made. The municipalities apparently want to retain that nowhere as yet has the experiment of municipali­
as a weapon—a sort of discussion bludgeon—the right zation of street railways been worked out to any logical
of revocation at will, while the companies preferred, and ultimate results whatever, nor can it be so worked
on the whole, a franchise practically permanent, out for at least a score of years to come.
though never absolutely certain, to a fixed tenure for
The report declares, moreover, that so far as develop­
a shorter term, subject to the danger of alteration at ment, activity and material and scientific appliances
every renewal period. The committee had been in­ and equipment are concerned, apart from permanent
structed by the terms of the A ct creating it way and track surface, the American street railway ser­
to inquire whether a more fixed tenure
of vice is so much in advance of any to be found in Great
franchises was not desirable.
They lay down Britain as not to admit of a comparison. “ Without
a sound maxim, however, when they say that exaggeration it may be said that while the street sur­
in dealing with matters of public policy it is not wise facing and merging of track with pavement are there
to disturb existing methods, no matter how illogical far in advance of what we ordinarily find in America,
or inconsistent with theory they seem, provided they all the other appliances and accommodations are either
work reasonably well in practice. The community is antiquated and positively bad, or recently taken froni
accustomed to certain ways of doing business and this side of the Atlantic and installed by American com­
reaching results; and if the results, looked aE as a panies. In other words, in the field of scientific appar­
whole and through a sufficient period of time, are atus and mechanical development, America has ex­
satisfactory, it is questionable wisdom to scrutinize too perimented at immense cost, as our street railway
closely either the logic or the symmetry of the ways in capitalization shows, while Europe has patiently waited,
which those results are reached.'
and is to-day rapidly and quietly appropriating the
The committee finds, moreover, serious objections to results for which we have paid.” In experimenting
franchises for a definite term. The studies of the regarding municipal ownership, the committee thinks
members of the committee, made in this country and this experience is likely to be reversed. Foreign coun­
in Europe, show that such franchises are apt to tries, and more especially Great Britain, seem disposed
operate practically as a check on enterprise and a bar to experiment, and experiment on a considerable scale
in the way of any development involving the invest­ And it is suggested that perhaps it will be wise for
ment of fresh capital, or of earnings which might America to allow those countries in this matter to
be divided. The inducement is strong to get the bear the cost of so doing, sure of our ability at any
largest profit possible out of the time conceded, with­ time to appropriate all the useful results of foreign
out increasing the value of a system a renewed lease experience.
of which will at some specified time be under negotia­
PENSIONING B AN K EMPLOYES.
tion. This has been notably true in Great Britain,
The follow ing letter from the President of the Philadelphia
where the municipalities have in fact been so afraid
they would in some way be out-bargained that they National Bank explains itself :
T he P hiladelphia N ational B ank .
have, as a rule, fairly over-reached themselves. As a
P hiladelphia , February 14, 1898.
consequence, after a lapse of twenty years, they Editor o f the Financial Chronicle, New York C ity :
are now served by undeveloped lines, with antiquated
Si r —In the article on the “ Financial Situation ” in your
appliances, simply because they made it the distinct issue of February 5, current, you refer to the fact that the
National City Bank of New York has established a system
interest of the companies operating the lines to pro­ for pensioning aged and disabled employes, and has set aside
the sum of ten thousand dollars from the undivided profits of
vide nothing better.
the bank as an initial contribution to this fund. You add
As already indicated, the committee thinks that the that the custom o f pensioning bank employes is not unknown
best system of all is that which ensures to the munici­ in Europe, but in this country the action of the National
City Bank marks an innovation.
pality full control of the street and exclusive owner­
I beg leave to say that the Philadelphia National Bank, as
ship of whatever may be part of its surface. This is far back as 1853, established a Clerks’ Pension Fund, setting
aside thirty thousand dollars from its undivided profits as an
now accepted as a fundamental principle in European initial contribution, and that sum has grown, by apprecia­
countries, and, in the estimation of the committee,, it tion of securities and by accumulation of income, to nearly
twice
The
could advantageously be incorporated in Massachu- infirm that sum.beyond advantages o f this fund to aged and
clerks is
estimation.
I.am, very truly yours,
chusetts practice as applying to all street railway
B. B. C omegys, President.
companies hereafter organized. It would take more
space however than we have at our command to follow
the committee in the arguments by which it supports IM PORTS AN D E X P O R T S FOR JA N U A R Y .
this conclusion.
The Bureau of Statistics at Washington has this week
As to municipal ownership of the street railway issued the statement of the country’s foreign trade for
companies, the tendency in that direction is very January, and from it and previous statements we
pronounced in Great Britain at the present time. But have prepared the following interesting summaries^
experience thus far has not revealed any special The tables are the same as those heretofore given by
merit in the system. The committee declares that no us in our article on the Financial Situation.




THE CHRONICLE.

366

fV O L .

IX V I.

settlement with Russia has been arrived at. Another and
later rumor states that the British Government has with --------------- 1 8 9 6 -7 .— 1897-8.—
Excess drawn its demand for making Ta-lien-wan a free port, has in
Exports. Imports.
Excess.
Exports. Imports.
»
S
flle r c h ’ d ls e . S
other words made large concessions to Russia, W hat is the
2 21 .45 0 152 .43 3 + 6 9 ,0 1 7
2 5 6 .4 7 5 „ 1 3 5 ,95 7 + 1 2 0 .5 1 8
July-Sept...
50,468 + 6 3 .0 4 8 real truth nobody knows, and probably both rumors referred
1 13.516
49.975 + 6 1 .77 0
October....... 1 11,715
50,043 + 5 9 .0 3 0 to are to a large extent guess-work. W hat seems to be the
109 .07 3
5 ¿,377 + 6 4 ,2 9 5
N ovem ber.. 1 16 .67 2
58,930 + 5 8 ,2 0 6
117.186
51.508 + 7 3 .54 7
D ecem ber., 125.055
51,354 + 4 2 598 best opinion is that the Chinese Government is sorely puz­
93,952
5 0 ,8 )3 + 5 7 ,68 6
armar y . . . . 108,480
zled how to act, that it is afraid to give offense either to the
6 55 ,17 7 3 6 3 ,27 8 + 2 9 1 ,8 9 9
7 1 8 ,43 0 3 4 0 ,6 2 0 + 3 7 7 ,8 1 6
T o ta l.......
British or to the Russian Government, and that in its help­
G o ld .
39,722 - 2 5 .7 8 3 lessness it is trying to please both by suggesting that each
13,939
—1,668
7,587
9,255
July-S ept...
—27.618
27,961
343
312
11.342 —11,030
O ctob er....
—6,921 should lend half the proposed loan.
7.344
423
-1 ,8 5 6
2,555
Novem ber.
699
—2,160
2,567
407
In the meantime the state of things in France does not im­
—1,533
573
D ecem ber..
2,111
—185
657
372
—2.983
5.622
2,634
J a n u a ry ....
prove. Luckily there is no popular pretender just now to
78,151 —62,067 take advantage .of the confusion and excitement. It is to be
15,484
30,865 —19,030
11,805
T ota l.......
S liv e r .
2,510 + 1 4,038 hoped, therefore, that gradually the public will settle down,
16,548
3,360 + 1 1 ,0 9 3
14,453
July-S ept...
+ 3 .8 0 1 and that the Republic w ill not severely suffer. In Austria
994
4,795
+3.533
1.692
5,225
October......
+ 3,1 9 8
1.776
4,974
+3,369
1,610
4,979
Novem ber.
The
+ 5 ,5 3 a again there is very little improvement to be noticed.
1,280
6.819
+4,736
1,065
5.801
D ecem b er..
+ 3,121 antagonism between the Germans and the Czechs is as great
+ 3.720
877
3.998
542
4,262
Jan uary. ■
.
37,134
7,437 + 2 9,607 as ever, but it may be noted that the Poles are adopting a
$.269 + 26 ,45 1
34,720
T otal.......
G o ld In O r e .
more reasonable attitude, probably under the influence of the
—52,,
582
—1,122
58
1,125
July-Sept...
3
—208 threats of Prince Hohenlohe. It w ill be recollected that the
233
—433
25
435
2
October. ..
—98 German Chancellor a little time ago made open declaration
45
143
—498
498
November.
—209
235
26
—468
4
472
December.
against the Poles. His words are believed in Austria to have
—316
2
-7 7 4
70
386
776
Jan u a ry..
been addressed much more to the Austrian than to the Prus­
—1,355
1,579
-3 .2 9 5
224
3,306
11
T otal.......
sian Poles. The Austrian Poles evidently so understand the
S l i v e r In O r e .
—4.164 matter, and whereas a little time ago they seemed inclined
4.392
-5 ,4 7 3
228
5,473
July-S ep t...
....
—1,310
179
1.489
—1,592
1,592
October....
to back up the Czechs, they are now urging moderation both
—1,190
1,333
1.540
—1,538
148
N ovem ber.
2
upon them and upon the Germans, and are calling upon both
—1,606
101
1,707
1,703
—1,655
December.
48
—1.750
—1,955
1.907
1,994
157
January ...
39
to remember the supreme interest o f the Dual Monarchy.
813
10,833 —10,020
12,302 -1 2 ,2 1 3
89
T ota l.......
The Russian Government is reported to be pressing the
Sultan much more urgently than any one expected to nomi­
’ E xcess ot exports*
■E xcess o f imports.
We subjoin the totals for merchandise, gold and nate Prince George of Greece Governor of Crete. Russia is
silver for the seven months since July 1 for six supported by our own Government, by France and by Italy,
and is opposed by Austria-Hungary and Germany. It is
years.
noteworthy that Germany in this matter is keeping in the
k-ground, and that’Austria-Hungary is most outspoken in
CJOLD.
SILVER.
M e r c h a n d is e .
opposition to Prince George. The Austro-Hungarian
Seven
F o rbiq n T r a d e Mo v e m e n t o r t h e Un it e d St a t e s .

In th e follow ing tables three ciphers (000) are in all eases om itted.

Exports. Imports.

9 7 -9 8
9 6 -9 7
9 5 -9 6
9 4 -9 5
0 3 -9 4
9 2 -9 3

Excess
E xOf
ports.
Exports

Im- Excess
E xIm - Excest
of
ports.
ports. ports. of Eu
Exports
port*

S
»
$
«
$
«
«
*
%
7 18,496 3 40,620 377816 11,816 34,191 *22,375 34,809 20.571 14,233
655,177
5 2 4 .9 8 501,903
5 73.667
526.941

363.278
4 78,717
407,918
367,318
4*44,371

2 91897
46.248
93.985
2 06 2 4 9
42,570

15,708
79,990
57,124
7,349
47,547

79.730 ♦64,022 37,947
18,128 6 1,862 35.266
10.868 46,2^6 27,117
6 1,940 *54,591 31,651
10,280 37,267 25.512

18,270
16,474
11,458
13,615
15,6*6

19.677
18,792
15.659
18,036
9.646

* E xcess o f im ports.

In the last table gold and silver in ore for 1893-94
1894-95, 1895-96, 1896-97 and 1897-98 are given
under the heads respectively of gold and silver; for
the other years both are included in the merchandise
figures.
The following shows the merchandise balance for
each year back to 1875.
e x c e ss o f m e r c h a n d is e im po rts o r e x p o r t s .

1 m onth end ing Jan. 31—
1875 ............' ..E x p orts.$ 12,398,797
1 8 76
....... E xports. 9,658,588
1877
....... E xports. 26,814,667
1878
........E xports. 33,539,829
18 79
....... E xports. 25,893,554
18 80
....... E xports. 11,788,685
18 81
....... E xports. 28,794,104
18 82
....... E xports. 7,964,827
18 83
....... E xports. 23,409,055
1 8 84
.......E xports. 19,678,990
1885
....... E xports. 38,311,413
1 8 86
....... E xports. 10,573,315
1887
.......E xports. 19,583,186
1 8 88
.......E xports. 4,537,506
1889
.......E xports. 5,130,114
1890
.......E xports. 11,988,706
1 8 91
.......E xports. 20,329,328
1 8 92
.......E xports. 37,418,786
1893
.......Im ports. 7,494,598
1894
...... E xports. 33,987,549
.......E xports. 13,682,064
1 8 95
1896
...... E xports. 18,322,428
18 97
...E x p o rts . 42,597,865
1 8 98
.......E xports. 57,686,546
.

7 m onths end ing Jan. 31—
1 8 7 5 ...........E x p orts.$14,631,284
1 8 7 6 ...........E xports. 39,238,286
1 8 7 7 .......... E xports.140,070,348
1 8 7 8 .......... E xports. 135,499,528
1 8 7 9 .......... E xports. 175,518,60 *
1 8 8 0 .......... E x ports.14 8,309,103
1 8 8 1 .......... E x p o rts.190,506,856
1 8 82 .......... E xports. 73,304,540
1 8 8 3 ... ,.........E xports. 77,984,524
1 8 8 4 .......... E x p orts 81,739,071
1885 .............E x ports.14 7,660,146
1 8 8 6 .......... E x p orts. 55,640,747
1 8 87 .......... E xports. 70,536,756
1 8 8 8 .......... E xports. 38,110,199
1 8 8 9 .......... E xports. 33,055,093
1 8 9 0 ..........E xports. 99,228,344
1891 ..........E xports. 73,155,513
1 8 92 ..........E xports.192,869,060
1 8 9 3 ..........E xports. 42,569,695
1 8 94 ..........E xports.206,249,642
1 8 9 5 ..........E xports. 93,985,299
1 8 9 6 ..........E x p orts. 46,248,252
1 8 9 7 ..........E xports.291,899,110
1 8 9 8 ..........E xports.377,815,561

C o w m e t x m l g t x 0 t i s f t | j 'e w s
[F rom o u r ow n corresp on d en t.]
L o n d o n , Saturday, February

5, 1898.
There is very little increase in the amount o f business upon
the Stock Exchange here, owing still to the uncertainty re­
specting politics. F or fully a week no definite information
has been given concerning the negotiations with China. A
rumor, however, has been circulated to the effect that the
loan is practically completed, and that a very satisfactory




the annexation of. Crete to Greece, and will insist upon compensation, and may therefore make a direct attack upon
Macedonia. W h y Russia has so suddenly taken up the cause
o f Prince George is not clear. Some think it is an intimation
to Germany that Russia does not forgive the German occu­
pation of Kiao C hou ; and they find confirmation of their
opinion in the holding back of Germany and the putting fo r ­
ward of Austria-Hungary in opposition to the Prince’s
appointment. Others allege that Russia is opening the Near
Eastern Question. But whatever the Russian motive may
be, England and Russia are acting together in Constantinople,
while they are acting apparently at all events in opposition
n China.
In India, according to telegrams from Calcutta, General
Lockhart is convinced that the operations against the Afridis
will have to be renewed in the spring, and in the Transvaal
the voting for President is still going on. Under the influ­
ence o f all this the amount of business doing is very small.
Undoubtedly there is much more activity this week in the
American market than there has been for a long time past.
There is no investment going on, or, at all events, the selling
by investors exceeds the buying, but there is considerable
speculative activity. Not only are members of the Stock
Exchange and professional operators speculating, but so is a
larger proportion of the public than for a long time past. In
other departments there is very little speculation ; there is a
fair amount of investment in what are regarded here as firstclass securities, and there is some speculation in Canadian
and Argentine securities. Elsewhere there is not very much
doing. There is utter stagnation in the Mining department.
There is, however, not much selling, and consequently there
is little decline in prices, but there is a total holding back of
the public.
As has been foreshadowed in this correspondence, the
Bank of England is once more getting control of the open
market. This week a considerable proportion o f the loans
due to the Bank have been paid off, but in very many in ­
stances the borrowers have had to renew the loans, showing
that the supply in the open market is rapidly becoming
small. At times, too, the rate for short loans has been close
up to the Bank of England official rate. Daring February
and the first half of March the collection of the revenue w ill

THE CHRONICLE,

F ebruary 19, 1898.]

be on an enormous scale, and therefore, for about five or six
weeks, the Bank ought to be able to completely control the
market.
The demand for gold in the open market is not as strong as
it was, though there is some demand still. There is no ex­
pectation now that gold w ill be withdrawn from the Bank of
England for any quarter. On the contrary, it is expected
that the Bank of England reserve will rapidly increase. The
production of gold everywhere is expanding, and as the wool
clip in Australia is small, while it is feared that there w ill be
very little surplus wheat for export, it seems certain that
Australia will not be able to export enough to pay her obli
gations in Europe, and that therefore she will have to ship
an exceptionally large amount of gold.
In India the stringency in the money market continues as
great as ever, and is likely to continue so until April. The
indigo crop is now being exported; the rice crop, which is
unprecedentedly large, is likewise beginning to be exported
rapidly. The exports are usually large in February and still
larger in March. Both crops have to be financed by Calcutta
and the drain to move the crops, therefore, during the next
two months is likely to be severe. The wheat crop is looking
exceedingly well. Cutting will commence some time this
month, and exports ought to begin about the end of March
or the beginning of April. It is feared that the plague in the
neighborhood of Bombay may prevent the export o f both
wheat and cotton as it did last year. But it is to be recol­
lected that wheat, at all events, can be exported in very large
amounts from Kurracchee. If there should be a large export
o f wheat and cotton, the demand for moving the crops will
last into May or June, and therefore the money market may
continue stringent for several months.
But while the Bank rate in Bombay is 12 per cent and in
Calcutta 11 per cent, and while in the interior rates range
from 15 to 20 per cent, the exchange banks refrain from send­
ing in gold to the Bank of England, as permitted by the re­
cent Indian Act, to get rupees from the Indian Treasury.
And they bid for Council drafts only spasmodically. In short,
they are working from hand to mouth. On Wednesday the
Council offered for tender 40 lacs, but the applications only
amounted to 30 lacs, and the whole amount was allotted, 25
lacs in bills at from Is. 3 13-16d. to Is.
per rupee
and 5 lacs in transfers at Is. 3 29-32d. per rupee. The
rates are unexpectedly low, showing that there is a strong
belief amongst bankers and in India that the Is. 4d. rupee
will not be long maintained.
The follow ing return shows the position o f the Bank of
England, the Bank rate o f discount, the price o f consols,
&c., compared w ith the last three years:
18£8.

Fei>. 2.
£

1897.

Feb. 3.
£

1898.
Feb. 5.

1805.
Feb. 6.~

£

Messrs. Pixley & Abell write as follows under date of
Feb. 3 :
Gold-—A ll arrivals in the open m arket continue to be purchased fo r
the Continent, and there is also dem and fo r India. D uring the past
w eek the B ank has received £ 1 0 5 ,0 0 0 from the Cape, and £2 21 ,0 0 0
has been w ithdraw n, chiefly fo r South A m erica. A rrivals: South
A frica, £ 6 17,0 00; W est Indies. £ 2 6,00 0. T otal, £643,000. Shipm ents:
Calcutta, Jan. 28, £ 2 2,50 0; B om bay, Jan. 28, £52,50 0; B om bav. Feb.
1, £35,00 0. T otal, £110,000.
Silver.—W ith a fe w orders to close January com m itm ents, silver
slightly hardened at the end o f last w eek, but w ith the w ithdraw al o f
this support, the weakness re-asserted itself. The business done has
n ot been large, and the m arket closes dull. The B om bay p rice is Rs.
68% per 100 Tolahs. A rrivals: N ew Y ork, £1 10,0 00; W est Indies,
£20,000. Total, £1 30,0 00. Shipments: C alcutta, Jan. 28, £75,500;
B om bay, Jan. 28, £1 93,7 50; H on g K on g. Jan. 28, £39,952; Shanghai
Jan- 28, £10,000; B obm av, Feb. 1, £47,70 0. T otal, £3 86,9 02.
M exican D ollars.—No dealings since our last.

The quotations for bullion are reported as follow s:
Gold.

London Standard.

Feb.
3.

Bar gold, fln e ....o z .
Bar gold.partlng.oz.
U . 8. gold o o in .. .oz.
Gerin’ n g old eoin.oz.
F ren ch gold ooin.oz.
Japanese y e n ....o z .

*. d.
77 11
771112
76 6
76 3%
76 3%
76 6




Jan.
27.

Si l v e r .

L on d on Standard.

8. d.
7711
B ar silver, fin e.. .oz.
7 7 I I I 3 B ar silver, oontain’ g
76 6
do 5 grs. gold .oz.
76 3%
d o 4 grs. g o ld .o z.
76 3%
d o 3 grs. g o ld .o z.
76 6
Cake silv e r ..........oz.
M exican d ollars.oz.

The rates for money have been as follow s :

5
London. û
£
«
Jau. 7
«
14
“
21
“
28
Feb. 4
*2 0

Jan.
27.

d.

d.
26*ie

26ia
265jfl
2618
28
26

Sank Bills.

Trade Bills.

DUc’ t H ’se
Joint
Three Four
Six
Three Four
Six
Stock A t 7 to 14
Months Months Months Months Months Months Banks. Call. Days.

3
2%

3
3
3
3
3

2%
2%
2 3-16
2 5-16
2H
m
2%
+
2%@%
- 1 6 ® + 2 9-lP@9i
2%
2%
2%

2
3%@3%
3%
1%
2%
3
2H
1% m
1%
2%
2%
1 « l'8f
1«
3
2
3%
2%
1%
3
2
2%
2%
1%
---------------------------------------------------

3%
2H
2%
3
2%
'

The Bank rate o f discount and open market rates at the
chief Continental pities have been as follows:
Feb. 4.
Interest at

Bank
Rate

Paris.................
Berlin..............
H am burg........
Frankfort........
Am sterdam ....
Brussels..........
Vienna...........
St. Petersburg.
Madrid............
C op en h agen ...

2
4
4
4
3
3
4
5%
5
4

Jan. 28.

Jan. 21.

. 14.

Open Bank Open Bank Open Bank
Market Rate. Market Bate. Market Bate.
1 15-10
2
2
2
2
2
2%
4
5
4
3%
2%
2%
3
2%
2
3%
5
4
4

4
4
3
3
4
5%
5
4

3
3%

2H
2
8%
.5
4
4

4
4
8
S
4
6
5
4

3%
3%

m
2

3%
5
4
4

5
5
3
3
4
6
5
5

Open
Market
2
3%
3%
3%
2%

2
3%

5
é
5

The follow ing shows the imports o f oereal produce in to
the United Kingdom during the first twenty-two weeks o f the
new season compared with previous seasons:
IM P O R T S .

r
^ ”
1897-8.
1896-7.
Im p on sofw h ea t,ow t.2 7 ,365,350 2 9 ,8 5 l,'T
30
B arley............................10,095,294 12,872,390
G a ts............................... 6,314,8 20 9,0 29,210
P e a « .............................. 1,239,530
1,745.718
Beans............................. 1,378,270
1,400,680
Indian c o rn ...................19,679,060 25,¡=>9 ¡,400
f l ° a r ............................. 8,810,180
9,960,240

1895-6.
28,837 160
12,303,130
6,183,040
-1 ,3 7 3 .2 4 0
1,754,700
1 8 .5 7 l!o 8 0
9,005,850

1894 5.
28,615.368
14,370,444
6,938,537
1,228,014
2,0 17,1 44
10,630 ,314
8,057,690

Supplies available for consumption (exclusive o f stocks on
September 1):
1897-8«
1896-7.
Wheat im ported, c w t.2 7 ,365,350 29,851,730
Im ports o f flour........ 8,810,180
9,960,240
«ales o f hom e-grow n. 12,683,665 12,040,343

1895-6.
28,837,160
9,004,850
6,752,881

T o ta l...................... 48,859,195 51,852,313 44,595.891
1897-8
1896-7.
1895-6.
4 v er.p---------------VU. eek.3 4s. 6d.
31s. 3d.
2fis. Sri
--- s rice w heat,w
wxo, DU»
J Ui* Oil.
US
Average p rice, season ..3 3s. 8d.
29s. 4d.
24s. lOd.

1894-5.
28,615,366
8,657,690
9,497,816
46,770 ,872
1894-5.
20s. 9 d .
19s. 9 d .

The following shows the quantities o f wheat, flour and
maize afloat to the United Kingdom :
_
This week. L ast week.
Wheat...............q rs..........2,430,000 2,445,000
Flour, equal to q r s......... 535,000
410,000
Maize....... ........ q rs......... 665,000
540,000

1897.
2,495,000
325.000
890.000

1896.
2 ,1 4 1 ,0 0 0
375.00 0
7 8 8 .0 0 0

X a n d j ^ t s c g X I i m e o u s H L en rs
E n g l i s h . F i n a n c i a l M a r k e t s —P e r C a b le .

The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Feb. 18 :
L on don .

Sat.

Sliver, p er ou n ce....... d.
Consols., new , 2% p.ots. 113
F or a c c o u n t ................ 1131s
FFch rentes (in Paris) fr . 103-75
Atch. Top, & Santa F e. 1378
Do
do
pref.
Canadian P a cific........... 90%
Chesapeake & Ohio.......
Ohio. M ilw. & St. P aul. 9 8 78
Denv. & R io G r., p r e f..
Erie, c o m m o n ................ 16%
1st p re fe rr e d . . . . . . . . . 44*8
Illinois C entral_______ 109
Lake S h o re ......... ...........
Louisville & N ashville. 6238
Mexican Central, 4s .. 69%
Mo. Kan. & T ex., com .. _____
N. Y . Cent’l & H udson. 121%
N. Y . Ontario & W est’n
N orfolk & W est’n, pref.
Northern Pacific, com ..
P re fe rre d .....................
P enn sylvania................ 61%
Phila. < Read., per sh.. 11%
fe
Phil. & R ead., 1st p ref.
Phil. & Read., 2d p re f.
South’ n R a ilw a y .c o m .
P referred................ .
Union P a c iflo ...., ....
Do
new p re f..
Wabash, p referrsa ...

M on.
255 ie
11215,8
1131 8
103-70
1350
33%
90
24%
98%
53%
16
44%
108%
196
61%
69%
14
121%
18%
55%
28
68%
61%
11%
26%
14%
10%
34%
36
19%

TU68.

Wed. 1Thur8.

25%
11213,8 112%
11215,8 112%
103-60 03-b7%
13%
13%
32%
32%
90
89%
24%
24%
98%
97%
52%
53
15%
15%
43%
43%
108% 108%
196
196
61%
61
69%
69%
13%
13%
121
120%
18%
18%
55%
55
27%
27
67%
68%
61%
61
11%
11
26
25%
13%
14
10%
10
33%
32%
35
35
19%

19%

F ri.

25l3,g 2513|a
112% 16 1129,8
112% 112%
03-72% 03-72%
13%
13%
32
31%
89%
89%
24
23%
97%
97%
53
51%
15%
15%
43
42%
108
107%
196
60%
10%
69%
69%
13%
13%
120% 120%
17%
17%
54
53%
26%
26%
67%
60%
11
1078
25%
25%
13%
13%
978
9%
33
32%
34%
34
61%
19
19

following information regarding
national banks is from the Treasury Department :
N

a t io n a l

B a n k s . —The

i’lA11UH AJj UAlllVC V/ÄVlAiM IAh 11,
i.

Feb.
3.
26

Interest allowed
for deposits bp

Open Market Bates.

«

-td

£

C irculation............
■20,960,110 25,863,555 25,448,925 25,119,885
Public deposits. ....................
14,398,388 10,665,700 11,796,393
0,059,007
Other deposits...........................
35.07S.498 43,020.319 51,046,284 33,814,772
Governm ent secu rities.......... .
14,003,036 14.770,976 14,409,328
12,478,488
Other securities ..........
. .
31,455,746 28,834,481 23,551,772 17,600,953
R eserve o f notes and coin . . ..
22,774,077 23,241,443 39,946,764 28,481,915
oln & bullion, both depart’ts. 1 32 934,187 37,307,993 48,595,689 36,801,800
P rop, reserve to liabilities, p.o.
45%
53 7-18
70%
63%
Bank rate ................ p ercen t.
A
3
2
2
Consols, 2M per cent ..
112 9-18
113 3-13
108%
104 7-16
Silver ........ .........................|
26 l - 10d.
39%d. 30 13-16d.
+27 7-16d.
Clearing-House return?........ 194,514,000 174,493,000 178,079,000 180,058,00 0
+ February 7.

367

26H ie
26ia

2 6 5 i8

28518
26

5.110.
5.111.
5.112.

—The Blue Ridge N ational Bank o f A sh ev ille, N orth C arolin a
Capital, 8100,000. J. W. N orw ood, President.
—The A m erican National Bank o f C hicago, Illinois. Capital
$1,000,000. Isaao G-. L om bard, P resident ; E d w ard B. L athrop, Cashier.
—The A stor N ational B ank o f N ew Y ork , N ew Y ork. Capital
$300,000. George F. Baker, P residen t; Charles F. Bovins*
Cashier.
IN LIQUIDATION.

4,9 9 5 .—The F ort Smith N ational Bank, F ort Smith, A rkansas, has gon e
into v olu n tary liqu idation b y resolution o f its stock h old ers
dated D ecem ber 9, 1897.

368

THE CHRONICLE.

8 ,6 7 0 .- T h e M erchants’ N ational B ank o f R om e, Georgia, has gone
in to v olu n tary liqu idation b y resolution o f its stockholders
dated D ecem ber 6 ,1 8 9 7 , to take effect Decem ber 1 5 ,1 8 9 7 .
553.—The N ational Bank o f W inthrop, Maine, has gone into v olu n ta ry
liqu idation by resolution o f its stockholders dated Ju ly 12,
189 ', to take effect D ecem ber 3 1 ,1 8 9 7 .
2,048.—The H om e N ational Bank o f Chicago, Illinois, has gone into
volun tary liquidation b y resolution o f its stockholders dated
D ecem ber 7 ,1 8 9 7 .
2,507.—The U nited States N ational B ank o f the C ity o f N ew Y ork,
New Y ork, has gone into volun tary liqu idation b y resolution
o f its stockholders dated D ecem ber 2 3 ,1 8 9 7 .
4,522.—The Ohio N ational Bank o f Washington, D istrict o f Colum bia,
has g on e in to volun tary liquidation b y resolution o f its
stockholders dated D ecem ber 7 ,1 8 9 7 , to take effect Decernber 31, 1897.
4 ,5 8 2 - The First N ational Bank o f R ussellville, Arkansas, has gone
into volun tary liquidation b y resolution o f its stockholders
dated D ecem ber 16 ,1 8 9 7 , to take effect D ecem ber 30, 1897.
4,831.—The F irst National Bank o f A ppleton, M innesota, has gone
into volun tary liquidation b y resolution o f its stockholders
dated N ovem ber 6 ,1 8 9 7 , to take effect D ecem ber 1 ,1 8 9 7 .
2 ,4 5 0 .—The Hide & Leather N ational B ank o f Chicago, Illinois, has
gone into volun tary liqu idation b y resolu tion o f its stock­
holders dated D ecem ber 2 2 ,1 8 0 7 .
4,924.—The Citizens’ N ational Bank o f Itasca, Texas, has gone into
volun tary liquidation b y resolution o f its stockholders dated
D ecem ber 2 3 ,1 8 9 7.
1,647.—The N ational Bank o f the R epublic o f Philadelphia, P enn syl­
vania, has gone into volu n tary liquidation b y resolution o f
its stockholders dated J a n u a * ¿1, 1898.
4,141.-1110 National Bank o f Odessa, M issouri, has gone into v olu n ­
tary liquidation b y resolution o f its stockholders dated Janu­
ary 1 1 ,1 8 9 8 .
165.—The F irst National Bank, Bath, New Y ork , has gone into volun­
ta ry liquidation b y resolution o f its stockholders, dated D e­
cem ber 2 3 ,1 8 9 7 , to take effect January 1 0 ,1 8 9 8 .
2,541.—The Central N ational B ank o f Pueblo, C olorado, has gone into
volun tary liquidation b y resolution o f its stockholders dated
January 15 ,1 8 9 8 .
INSOLVENT.

1,867.—The N ational B ank o f Illinois at Chicago, Illinois, Joh n
1
M cN ulta appointed receiv er in place o f Joh n C. M cK eon
January 3, to take effect January 4r, 1898.
4,584.—The M oscow N ational Bank, M oscow , Idaho, Wm. P. Connaw ay appointed receiver in p lace o f W. H. Stufflebeam D ecem ­
ber 2 3 ,1 8 9 7 , to take effect January 3 ,1 8 9 8 .
3,438.—The F irst N ational Bank o f Pem bina, N orth D akota, w as on
January 1 9 ,1 8 9 8 , p laced in the hands o f W illiam J. Kneeshaw, R eceiver.
3,723.—The Chestnut Street N ational Bank o f Philadelphia, Pennsyl­
vania, w as on January 29 ,189 8, p laced in the hands o f G eorge
H. Earle, Jr., R eceiver.
3,795.—The N ational Bank o f Paola, Kansas, was on F ebruary 1,
1898, placed in the hands o f Thom as T. K elly, R eceiver.
4,361.—The C ity National Bank o f Quanah, T exas. Charles S. Jones,
appointed R eceiver in place o f H. H. Kerr, (resigned^, to take
effect F ebruary 1,1 898 .
CORPORATE EXISTENCE OP NATIONAL BANK EXTENDED.

2,377.—The F irst N ational Bank o f F argo, N orth D akota, un til F eb­
ruary 1 3 ,1 9 1 8 .
CHANGE OP LOCATION AND TITLE.

4,571.—The F irst N ational B ank o f Childress, T exas, location changed
to Quanah, T exas, and the title to The Quanah National
Bank. Decem ber 1 4 ,1 8 9 7 .
8,333.—The M erchants & M anufacturers’ N ational B ank o f M iddletow n , N ew Y ork , title changed to The M erchants’ N ational
B an k o f M iddletow n, January 1 8 ,1 8 9 8 .
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
February 10 and for the week ending for general merchandise
February 11 also totals since the beginning of the first week
in January.
FOREIGN IMPORTS AT NEW TORK.

F o r week.

1897.

1898.

1896.

1895,

D ry g o o d s .___
G en’l m er’dlse

$2,908,317
6,297,900

$3,185,910
7,585,940

$3,356,088
4,405,980

$2,074.652
4,218,371

T o t a l.........
' S ince Jan. 1.
D ry g o o d s.......
G en ’ l m er’dlse

$9,204,217

$10,771,850

$7,762,068

$6,293,023

$14,802,162
36,876,471

$14,864,743
41,126,513

$19,523,168
40,743,096

$20,416,430
36,514,583

X otai 6 w eeks..

$51,678,633

$55.991,256

$60,266,264

$56,931,013

[V o l. L X V I,
Im ports.

E xports.
Silver.

S in c e J a n .l.

Week.
Great B ritain ...........
F rance.......................

$507,480
113,000
51,125

116,988

Since Jan. 1.

$5,073.646
286,000

West Indies..............

Week.

12,546
3.563
1,168
1,680

$548
22,081
120
51,698
154.996
112,498
14,165

$18,957
29,509
56 ,0tt41

$356,106
295,55s
27 7,91 6

44,050

South A m erica .......
All other countries.
$671,605
732,260
977,885

T otal 1 8 98.........
T o t a l1 8 9 7 .........
T otal 1 8 9 6 .........

$5,590,684
4,795,934
6,097,881

Of the above imports for the week in 1898 $82,011 were
American gold coin and $612 American silver coin. Of the
exports during the same time $5,285 wer e American gold c o in .
—C. H. W hite < Co. offer for sale $850,000 uu I erlying
fc
first mortgage five per cent gold bonds o f the Detroit 11 ailway
=
Co.“, Detroit, Mich. The advertisement giving details of
mortgage, earnings, «fee., will be found on page viii.
5IIreadstnil* (F igures B ro u g h t F r o m Pa^e 3
The
statements below are prepared by us from the figures o f the
New Y ork Produoe Exchange. The receipts at Western lake
and river ports for the week ending Feb. 12, and since A ug.
1, for each o f the last three years, have been as follows:
Receipts at—

Oats.
Corn.
Wheat.
Barley.
Flour.
Bye.
Bbls.l96lbs Bush.60lbs Bush.bQlbs Bush.Sttlbs BushA8lbs Bv. 56 lbs

Chicago........
M ilw aukee..

D e tro it........
St. L o u is . ..
P e o ria ..........
Kansas City.
Tot.w k.’98.
Same wk.’97.
Same wk.’96.
Since Aug. 1.
1897-98..........
1896-97..........
1895-96.........

232,456
168,350
259,384
1,311,990
132,897
87,450
50,C00
62,242
6,600
279,500

3,807
544
8,400
23,142
29,865
10,350
247,224
118,488
138.552

2,1*7,904
174,850
159,489
71,340
236,689
50,«60
443,124
797,470
464,700
•320,500

1,516,100
205,000
18,353
164,280
15,053
63,669
175,430
221,760
258,650
44,000

216,7C0
154,400
6,915

2,590.369
1,723,312
3,130,456

74,616
97,000

4,908,676
4,565,548
1,063,898

2,681,295
4,177,262
1,967,779

43,300
29,400
28,470

58,851

4,828

54,750
57,600

13,368
600

547,216
1,173.921
640,694

127,255
107,062
83,218

6,165,516 163,445,975 140,366,335 112,327,250 26.991,460 7,641,727
7,005,946 118,171,200 95,717,644 106,092,011 29,614,819 5,467,890
6,920,340 148,574,756 70,689,464 83,896,416 28,388,760 2,618,310

The receipts o f flour and grain at the seaboard ports for the
week ended Feb. 12, 1898, follows:
Receipts at—

New Y ork ................ .
Boston..................... .
M on treal................ .
P hiladelphia.......... .
B altim ore............... .
.
New Orleans*........ .

Flour.
bbls..

Port Arthur, T e x .,.
G a lveston ...............
Portland, Me ........ .
S t.Joh n, N. B ........ .

92,386
38,940
9.340
73.582
28,117
4.689
9,161
66,000

Wheat,
bush.

15,086
7,037
6,330

Corn.
bush.

310,800
82,853
12.585
62,421
334.181
12,6*6
179,039

296,400
259,396

449,758
491.761
45.420
615.975
248,000
284,129
246,300

79.2ÔÔ
120,815
25,140

254,400
59,500

Oats,
bush.

538,800
282,057
122,280
319.199
355,290
26,35«
86,680
30,000

Bariev.
bush.

43.875
4.255
6,384
12,000

9.100
130.579
92,333

Total w eek........ , 350.648 1,209,173 3,251,039 1.772.968
353,623 5,272,948
890,068
W eek 1897............... . 244,551

Bye,
bush.

60,450
8.02
3,330

69,129
550

4 500
51,184
66.514
232,434

192,171
47,828

* Receipts d o n o t include grain passing through. New Orleans fo r foreign
ports on through bills o f lading.

Total receipts at ports from Jan. 1 to Feb. 12 compare as
follows for four years:
Receipts Of—

1898.
2,‘¿19,929

F l o u r ...................... bbls

1897.
1,775.680

1895.
1,460,035

2,294,755
23,675,664
5,699,748
902,491
608,889

W h ea t..................... bush. 8,120,224
C orn ........................... “ 23,1*8,731
Oats .........................
“
13,180.633
Barley........................ “
876.939
R y e ...........................
“
1,861,447

1896.
1,909,456.
1,740,663
10,319,989
4,236,648
038,336
71,951

2,042,489
2,570,634
2,92-1,864
480,246
42,681

i h e imports of dry goods for one week later will be found
hi* our report of the dry goods trade.
T otal g r a in .... “
47,177,874
33,081,247
17,007,587
8,044,164
The following is a statement o f the exports (exclusive of
The exports from the several seaboard ports for the week
specie) from the port of New York to foreign ports for the
ending Feb. 12, 1898, are shown in the annexed statement:
week ending February 14 and from January 1 to d a te:
'

Wheat,
Exports from— bush.

EXPORTS PROM NEW TORK FOR THE WEEK.

1898.

1897.

1896.

1895.

F or the w eek ..
F rev. reported

$7,918,861
45,916,704

$6,616,125
40,036,296

$4,433,817
41,888,365

$5,472,475
35,871,492

X otai 6 w eeks..

$53,835,565

$46,652,421

$46,322,182

$41,343,967

The follow ing table shows the exports and imports of
specie at the port of New York for the week ending Febru­
ary 12 and since January 1, 1898, and for the corresponding
periods in 1897 and 1896.
EXPORTS AND IMPORTS OP SPECIE AT NEW TORK.

Exports.
Gold

Week.

$587,235




$58,398
533,868

3,287,805

26,397
344
27,050
65,917

16,470

S outh A m erica.......
A ll other coun tries.
T o ta l 1898.........
T ota l 1897.........
T ota l 1896.........

Week.

$200

Great B ritain ..........
W est I n d ie s .............

Im ports.

S in ceJ a n .l.

$587,2*5
8,000
518,000

$3,304,475
259,831
11,872,735

$711,974
31,143
1,487,731

S in ceJ a n .l.
$553,399
2,989,372
180
89,398
15,906
114,098
72,733
$3,835,086
285,999
12,586,280

Corn,
bush.

Flour,
bbls.

New fo r k . . .. 257,323 703,639 119,314
20,086
Boston............ 300,976 256,885
Portland. . . . . 120,315 t 69,500
7,037
Philadelphia.. 15,847 524,444
54,211
34,747
Baltimore...... 402 645 504,814
New Orleans.. 87,872 456,873
2,319
N orfolk.......................
284,129
66,000
Newp’rtN ew s
248,000
6,830
St, John, N. B j 25,140 ............
G alveston...... 284,499
17.142
286
M obile.............................. 246,300
15,086
Pt.Arth’r,Tex ............................
TotalW ’k ... 1,494,617 3,301,726
S am etim e’97. 936,417 4,998,015

Oats,
bush.

362,172
306,544
130,579
148,000
80,030
32,085

Bve,
bush.

62,575
51,184
34,285
77,642
64,730

80,000
92,333

325,416 1,181,743
136,890 692,479

Peas
bush.

4,540

Barley
bush.

128,640

38,351
9,689

21,463

299,41«
114,946

64.854
14,654

138,829
265,673

The destination o f these exports for the week and sinoe
September 1, 1897, is as below.
,---------1 lour.--------- , ,—■ Wheat.--------, ,---------- Corn.--------- .
---Exports for
Week Since Sept, Week Since Sept.
Week Since Sept.
Feb. 12. 1, 1897.
Feb. 12.
1.1897.
week and since Feb. 12.
1,1897.
bush.
bush.
bush.
bush.
Sept. 1 to—
bbls.
bbls.

923.350 36,751,972 1,045,149 39,085,279
537,207 29,378,320 1,538,725 40,997,206
............
869,204
447
95,702
...........
1,376
30,603
635 011
...........
300
2,900
224,010
64,060
631,375
77,842
254,513

United Kingdom 261,438
C o n tin e n t........
8.696
8 &C. Am erica..
10.419
W est Indies... .
29,240
Brit. N. A . Col’s.
4,060
Other countries.. 11,563

5,150.992
652,110
519,563
530,868
132,967
121,655

T o t a l................. 325,416
Total 1896-7........ 136,890

7,108,145 1,494,617 67,522,606 3,301,726 81,402,440
0,354,200
930,417 32,033,245 4,998,015 74,060,163

The visible supply of grain, comprising the stocks in
granary at the principal points o f accumulation at lake and
seaboard ports, Feb. 12,1898, was as follows:

THE I CHRONICLE

F e b r u a r y 19, 1898.]
Wheat.
bush.

In store at—

Total
Total
Total
Total
T otal

Feb.
Feb.
Feo.
Feb.
Feb

12,1808 36.834,000
6.1898 38 022,000
13,1897 46.868 000
>5, 1896 65,927,000
16. 1895 80.734.000

Oats

Com,
bush

New Y ork .................... 2,1173.000
Do
afloat........................ .
A lb a n y ........................
....
B u ffa lo ........................ 1 ,110.000
Do afloat...........
440,000
G h loa g o..................... 6,726.000
Do a flo a t........... 1,496,000
130,000
M ilw aukee............. .
Do a flo a t............................
D n in th ......................... 2,483,000
Do
a flo a t..........................
T o le d o..........................
259.000
Do afloat............
. . ..
127,000
D e tr o it........................
Do afloat.............................
Oswego..........................................
St L om e..................... l,693,ooo
Do afloat........ .
92,000
Olnoinnatl...................
»,000
B oston .........................
221,000
T oron to.......................
42,000
M ontreal..............
89.000
Philadelphia............... 678.000
P eoria.
..............
1,000
Indianapolis .. .......
54,000
K -in a s O lty ...........
PO .O O
O O
B a ltim ore...............
1,182,000
M tnnea polls.................12,926,000
On Mississippi R iv er.................
On Lakes.. ..................................
On eanal and r iv e r .....................

bu
sh

3.863,000
302.000
60,000
110.000

2,663,000
80,000
1,773,000

1 2 ,0 0
,2 1 0

Rye.
bush,

Barley
bush.

985,000
33,000
50.000

191.000
219.000
5 000
552.Oh0

81.000

15.834.000
6,216,000
123 O O
O
838.000
2,181,000

232.000
108. 00
214.000
1,880,01.0

89,000
40.000

686.000
93.000
84.000

L.185.W
K3

£92,000

469.000

320,000

40,000

*16,000

"3 ,0 0 0

19,000

11,000

152.000

88.0ÓÒ

ÌÒ.000
7,000

*30.000
497.000
14.000
603.000
871.000
113.000
30.000
41.000
535.000
3.177.000

12.000

68,001

35,000

2Ö,0Ö<)
45,00*

3,679,000
883.000
'60,00(5
754.000
829.000
86,000

437.000
509.000
1,217,000

1,000

" 3.O O
O

‘ 35,000
••
••
••
••
' 55,000

20,000
140,000

*40.000
88.672.000
39.606.000
24.304.000
11.960.000
12.651 000

14.013.000
14.766.000
13.404.000
6.956.000
6.032.000

,948.000
3.901.000
1.553.000
353.000

2,668.0( 0
2,673,u» O
3.382.000
2.295,010
1.065.000

F oreign T rade of N ew Y ork —M onthly Statement.—In
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the seven months
o f the last tw o seasons.
M e r c h a n d is e M o v e m e n t
Mo n t h .

at

N e w Y o r k . Custom s R e c e ip t s
a t Ne w Y o r k .

1896-97.

1897-98.

t
38.460.076
36,541,439
28,434,443
31,024,412
84,112,-86
34,421,230
84,613,613

1
33;254„119
32,294,914
32,649,399
33,139,446
32,453,174
88,«65,417
34,415,116

$
31,142.806
31,345,828
37,437,3:6
34,492,610
32,340,749
39,535,651
36,018,858

1806-97.

1897-98.

t
t
30,830,037 12,299,574
28,030,172 5,202,728
80,495,166 5,3r 0.542
35.480.78'» 6.799.096
32,620.560 6,929,147
35,741,707 7,879,352
33,467,694 10,464,000

1896-97

«
8,259,048
8,450,766
7.621,220
7,163,420
6,646,183
7,285,290
7,705,40i>

Total... 222,629.000 236,476,535j 243,213,378 226.672.125 54,934.430 53,131,327

The imports and exports of gold and silver for the seven
months have been as follows :
Gor.n M o v e m e n t
Mon th .

N ew YORK.

0

230,91»
359,947
1,8-4,304 3,560,086
333,456 30,735.833
8.9S9,6t»6 23,133,791
354,512
4,016,890
296,04'î
169,887
3,162.080
261,320
15.3-n 07;

62.* «7.2K*

America.......
Am. E xoh ...
Aster Place*
Bowery*.......
Broadway....
Butch.ADr..
Central.....
C h ase.........
Chatham.....
Chemical. . . .
City..............
Citizens’ . . . . .
Colombia___
Commerce...
Continental.
Corn E xoh...
Bast R iver..
11th W ard..
Fifth A r e ....
Fifth*...........
First.............
First N., 8 . 1.
14th Street..
Fourth..........
Gallatin.....
Oansevoort*.

Bid. ABk.

Exports.

1897-98

1897-98.

1896-97.

3
4,551,135
790,670
84,135
118,(82
226,951
152,306
2,603,183

8,998,876
60,590
47,805
99,839
293,201
184,095
302,281

1,064,900
1,205,47*
1,650,304
1,151,682
1,024,690
1,020,256
1,253,485

3,812.616
4,311,32
3,824,961
3,827,889
3,799,386
4,447,833
3,685,688

8.525.462

9 977.287

8,871.180

27.209.*4T

BAN KS.

850
108
220
800
225

Imports■

1897-98.

Bank Stock List—Latest prices.
B A N K S.

81I.VEÖ-NEW Yo r k

Exports.

1896-97.

2

TMal

at

Imports.
1897-98

Jnly..........
August......
September.
October. .
November..
December
January....

' Garfield......
German Am .
173
German Ex.*
Germania....
Greenwioh...
105
Hanover......
Ì65* 176
Hide & L .* ..
400
Hud. River..
290
Im. A Trad’rs
8600 4100 Irving..........
750
Leather M is’
125 14Ó Liberty*.......
150
205 210
Manhattan...
125
Market A Ful
285
Mechanics’ . .
135
M’obe’ ATrs’
220
Mercantile...
2800 3300 Merchant.’ ..
220
Merch’t. Ex.
2800 33 Ó " Metropol’s...
Ò
120 100
Mt. M orris..
100
Nassau ......
180 190
N. Ams’dam.
800
New Y o rk ...
1 Ò N . Y. Co’ nty
0*

$

* Not Listed.

Bid. Ask.
750
110
250
315
160
390
90
150
510
145
170
128
800
280
225
180
110
146
112
440
100
160
240
236
800

1

BAN KS.

Bid. Ask

N .Y .N at.E x
Ninth........
85
19th W ard.. 100
N. America. 185
Oriental....... 140
u __ Pacific . . . . . . 176
P a r k ......... 260
People’s....... 200
Phenlx........ 90
630
Plaza*.......... 185
18Ó Prod. E x .* ... 115
R ep u b lic.... 165
Seaboard.... 174
Second........ 425
245
240
Seventh.
100
190
Shoe A Le’th 04
120
Stateof N .Y. 110
170
T h ird ...___
155
Tradesm’n’s. 110
12th Ward*. 125
U nion. . . . . . . 230
Union 6q.*..jl75
Un’d States. ■
Yorkvllle*... 170
W estern..... 160
West Side.. J276

96

185
270
94
122
166

115
100

Miscellaneous Bonds:
fllis c e lla n e o u e B o n d s.
M is c e lla n e o u s B o n d s .
Oh. Jnn. A S. Yds.—Col.t.g.,5s
Jeff. A Clear. O. A I . I s t g .5 s
ColoradoO. A 1 .1st cons. 6s,g. 101 a.
2d g. 5s ..................................
Colorado Fuel A 1.—Gen. 5s.
Manhat. Beaob H . A L. g. 4s.
Columbus Gas—1st, g., 5 s .... .....
M etropo). T el. A Tel. I s t 5 s..
Commercial Cable—1st g. 4s.
Mich.-Pt>nln. C ar I s t 5s -----Cons.Gas Co.,Chic.—1st gu.5s 103 tab. M utual U nion T eleg .—6s, g ..
De Bardeleben C. A I.—g. 6s.
N at. ätaroh M fg. I s t 6 s ........ 106 b.
Dot. Gas con. 1st 5.................
98 b. N . Y. A N. J. Telep. gen. 5 s..
Edison Elec. 111. Co.—1st 5s.. 11234b. P eople’s Gas A 0 . 1 is t g. 6s.
Do of Bklyn., 1st 5s.. ......
Co., C hioago....... S^d g. 6s. 110
Equit. G.-L., N. V.,cons.g. 5s. ......
I s t oons. K. 6s........................ ■120
Equitable G. A F.—1st 6 s .... ......
Sem et-Solvay— Debent’e 5s.. 103
Erie Teleg, A Telsp. 5s, g... * 97t4b. South Ynba W ater—Uon. 6s.
Galveston Wharf do.—1st 5s. 100 b. Standard B ope A T .—In o. 5«. 14
Henderson Bridge—1st g. 6s. __
Snnday Creek Coal I s t g. 6s.
Illinois Steel deb. 5s.............. __
W estern U nion T eleg.—7 s ... 105 b.
Non-oonv. deb. 5s........ .
103 Sib.
W estern Gas ooll. tr. 5s
N OTB.—“ b’ Tudioates price oidj “ a ” prloe asked * Latest price this week.




City Railroad Securities.--Brokers’ Quotations.
Ask.

Bid.
Atlan. A v e ., B ’klyn—
Con. 58, g., 1 9 3 1 .. A A O
Im pt. 5s, g., 1934. JAJ
Bl’ecK. S t.& F a l F .—Stk.
l s t m o r '. ^ s , 1900. J A J
B’w ay A 7th A v e .—S tock
l«tm o rt.,5 s, 1904. J& D
2d m o n ., 5s, 191 4 .J& J
B ’ way lst,5 «,gu a r.l9 2 4
2d 5g, int. as rent’l..i905
Consol. 5s, 1 9 4 3 ..J & D
Met. S t.R y..gen. 5s, ’ 97
B rooklyn C ity—S to ck . . .
Consól. 5s, 1 94 1 .. J A J
B klyn.C rosst’n 58.190»
B kl’nQ’ns Co. A S n b. ls t
B kl’n C.& N ew t’w n—Stk
5s, 1 9 3 9 ... ...................
B roòklyn R apid Transit.
6s, 1945................. A & O
Centrai C rosstow n—Stk.
l s t M .,6s, 1 9 2 2 ..M A N
Cen. P k .N .A E .R iv .—8tk
Consol. 7s, 1902...J A D
C olum bus A 9th A v e . 5s.
Ohrist’p ’rA lOth St.—Stk
l s t m ort., 1 8 9 8 ...A & O

Bid. A sk.

{104 107
90
85
33
31
106 108
206 212
106 110
{111 112ia
{117 118
{106 107
122 »a . . . . . .
114 ia 114 78
2o9 211
115 117
106 108
1<>7 110
160 ____
113 116
4434 45 L,
97
97^4
200
{122
173 17*7
113 115
12113 122
160 165
102 104

D. D. E . B. & B at’y—Stk.
ls t ,g o ld , 5s, 193~2.JAD
S c r ip ................................
E ighth A ven u e—S to o k ..
Scrip, 6s, 1914...............
42d & Gr. Ht. F er.—S tock
4 2d ’ St. Man. & St. N. A v .
l s t m ort. 6s, 1910.M &S
2d mort. incom e 6s. J& J
K ings Co. T ra c__ S to c k ..
Lex. A ve.& P a v.F e rry 5s
M etropolitan St. B y.-S tk
N assau E lec, 6s, 1 9 4 4 ...
N .Y.& Q ueensC o.58,1946
Stein w a y ls t 6s.’ 22 J& J
NiDth A venu e—S t o c k ...
ISecond A venn e—S to cn ..
1 l s t m ort.,5s,1909.M & N
| D ebenture5s,1909.JA J
Sixth A v e n n e —S tock ___
T hird A ven u e—Stock . . .
lstm n rt..5s, 1937..J& J
2 8th *2 9 th St. l s t 58,1996
T w en ty-T hird St.—S tock
Deb. 5s, 1903...................
Union R y —S to ck ..........
lst 5s, 1942.................
W estcb est’ r, lst, gn.,5s

'

175~
115 117
{IOO'Sj lOl^a
325
105 io *
325 340
67
68
118 118
90
91
46
50
1 2 * a 122
156 1561a
102 104
115 117
180 200
158
108 » H O
2
106
195 21Ö
188 »a 189
122 >s 123ia
108 112
300
103
190 200
{115 116
{108

» A n d aoorned interest.

Gas Securities.—Brokers’ Quotations.
G A S C O M P A N IE S .
B’ klyn U nion Gas—Stock.
Bonds .................... .
C e n t r a l............ . ........ .........
C onsum ers’ (Jersey C ity).
Bonds
....... ..............
Jersey C ity A H o b o k e n ...

Bid.

Ask.

G A S C O M P A N IE S .

B id. A sk

120 »v 121 >s P eople’ s (Jersey C ity;.-*- 160

114H
205
76
80
1023s 104
185 196
105
M utual ( N . Y . ) ......... ... 328 335
N . Y. A ifiast R iv , 1st 5s.. 112 113
T
Cnn*«ol. 5s......................... 107 100
N ew Am sterdam . . . .
33
33 >
a
P re fe r re d ____ _______
70
70 »
9

W illia m sb m g 1st 6s.........
Falton M unicipal 6s........
E quitable ...........................
Bonds, 6s, 1899 , ..........

104
105
220
103
38
Bonds, 5s.
................ 75
160
Com m on............ ............... 143
W estern Ga9................... .
83»a
103

170
226
105
41
80
105
146
84
104

Exports.

Imports.
1897-98.

July...........
August......
September..
October
November.
December
Jannary .

369

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

C
apitai a

Surplus. Loans.
Specie.
Lésais. Deposits.* Oirc’l’n
N. Y.*"
$
9
Jan. 22., 133.293.9 623.470,1 1106476 99,246,8 714.472.8 14.593.6
“ 29., 133.293.9 625.865.7 1130928 103,137.7 722.484.2 14.468.7
Feh. 5. 133.293.9 633.369.8 11408821IO4; 150,3 733,827,6 14.392.4
I 11. 133.293.9 689,836,4 H 49677 102,140,3 738.683.8 13.914.7
Bos.*
Jan. 29., 63.393.8 179.936.0 12.143.0
8,027.0 182.486.0 5.334.0
BANKS.

F eb.

5.,

i 12
P h lla
Jan. 29 ,
Feb. 6.,
12..

63.393.8 180.861.0 11.913.0
68,587,6 181.695.0 11.883.01

35.388.0 115.226.0
35.388.0 115.8.10.0
35.388.0 1 16.834.0

7,806,0 186.884.0
8 ,574.U 189.867.0

42.802.0
43.120.0
43.283.0

130.041.0
130.823.0
131.561.0

Clearings,
852.827.1
825.018.1
982.210.9
725,199,6

100,210,8

5.293.0 107.032.2
5.248.0 110.334.9

5.947.0
5.888.0
5 848,0

72.819.4
76.728.5
66 742,

—The publishers of the Commercial & F inancial Chroni ­
just issued their annual publication, the F inancial
It gives a comprehensive review of the business of
1897, with comparative statistics for a series o f 3
?ears ; the
money market, the rates of call loans, time loans and com­
mercial paper 1891-97 ; daily prices of foreign exchange fo r
ten .years ; the weekly hank statements in 1897 ; gold and
silver production yearly since 1871 ; monthly quotations for
silver since 1^38 ; cereals, iron and coal productions for a
series of years ; yearly imports and exports since 1867 ; prices
of United States Government and State securities since 1860 ;
monthly rarige o f railroad bonds and railroad stocks for five
years ; railroad dividends for seven years ; yearly railroad
construction since 1831. These and many other statistics
conveniently arranged make up the contents o f this very
useful volume.

cle have
R kview .

Auction Sales.— Among other securities the follow ing, not
regularly dealt in at the Board, were recently sold at auction
By Messrs. Adrian H. Mailer & Son :
Shares.
S/ iv s
hC ^»
Citizens’ Ins. C o.............. I l l
14 Nat. Shoe A Leather B k . 96*4
H ow e Mfg. Co. o f C onn .112
Bonds.
N. Y . L ife Ins. A Tr. C o.1252
$13,000 Houston, T ex., W ater
Nat. Park Bank................265ia
W orks Co. 1st 6s, 1944,
Bank o f M anhattan C o ..233*2
J&J..............................96 to 98
Fifth A venu e Trust C o ..379
$3,000 B leecker St. A F u lton
42d St. M anhattanville &
F erry 1st 7s, 1900, JA J,
St. Nicholas A ve. R R ... 67*«
1053g A int,
50 Union T ypew riter C o .... 6
$18,000 Syracuse Gas Co. 1st
1 Chem ical Nat. B a n k ....3900
5s, 1946, J A J ......................... 88*3

50
40
8
50
5
5
100

g a n a iu g

îw â

fo r n a c ia i

Spencer Trask & Co.,
BANKERS
2 1 Sc 2 9 P I N E S T R E E T ,
.
.
.
65 State Street, A lba ny,

NEW Y O R K ,

INVESTM ENT SECURITIES. __________
G kokgk B a r c l a y M o f f a t .

Mo f f a t

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

& W hite,

BANKERS^
N «. 1 N ASSAU S T R E E T ,

.

.

.

NEW Y O R K ,

INVESTM ENT SECURITIES,

370

THE CHRONICLE.

D IV ID E N D S .
P er
When
Cent. Payable.

R a i l r o a d s ( S t e a m .’)
B oston & M aine com . (q u a r .)....
Canadian P acific c o m ...................
Do
do
p r e f...................
Chic. Burl. & Quincy (q u a r .)___
F t. W ayne & Ja ck son prt-f..........
M exican N orthern (quar.)...........
S t r e e t ’R a i l w a y s .
Third A ve. R R ., N. Y . (q u a r,),...
M is c e lla n e o u s .
A m erican C oal...............................
B ’k lyn W harf & Wareh. p f. A (an.)
L ou isville B ridge...........................
N ational Lead pref. (quar.).......
S tilw .-B ierce& S m ith-^ . pf. (qu.)
U nited States Oil (quar.f............
W elsbach com m ercia l p re f.(q u .)

I»«
2% )
2 S
1%
2 »4
1

A p ril 1 Mar. 1
A p ril 1 Mar. 9
Mar. 15 Feb. 19
Mar.
1 Feb. 22
Mar.
2 Feb. 20

2

Feb.
Mar.
Mar.
Feb.
Mar.
Mar.
Mar.
Mar.

1
15
15
1
15
10

to
to
to
to
to

Mar. 6
Apr. 6
Feb. 27
M ar. 1
Mar. 2

Feb. 26
Feb. 1
Eeb. 25
Feb. 21
----------M ar. 1

to F eb. 28
to Feb. 15
to Mar. 15
to Feb. 28
t o ----------to Mar. 10

1898.
Feb. 11.

D ifferen’ sfr'm
Prev. week.

1897.
Feb. 13.

1896.
Feb. 15.

$
59.022.700
74,271,200
639,836,400
13.914.700
738,683,800
114,967.700
102,140,300
217,108,000
184,670,950

$
I n o .5,976,600
Dec. 477,700
I n c .4,856,300
Ino. 879,500
Dec.2,010,000
D eo.1,130,500
I n c .1,214,075

$
59,772,700
74,888,100
500,367,700
16.726.500
568,075,100
80.192.500
113,464,500
193,657,000
142,018,775

$
61.122.700
73,017,100
451.743.100
13.206.400
493,032,900
70.358.400
89.718.700
160.077.100
123,258,225

32,437,050 D eo.2,344,575

51,638,225

36,818,875

The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions,
The statement in full for the latest week will be found on
the second page following.
F oreign Exchange.—The foreign exchange market was
easy, with a declining tendency during the early part o f the
week on an abundant supply of bills. It became firmer on
Wednesday, and has sp continued, with the volume of busi­
ness limited.
To-day’s actual rates o f exchange were as follows: Bank­
ers’ sixty days’ sterling, 4 83@4 83%; demand, 4 85%@
4 85% ; cables, 4 85%@4 85% ; prime commercial, sixty days,
4 82(®4 82%; documentary commercial, sixty days, 4 82@
4 82%; grain, 4 82%@4 82%; cotton for payment, 4 81%@
4 82%.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying % discount, selling par; Charleston, buying 1-16 dis-




4
4
4
5

83 % @ 4 84
4 86 ® 4 86%
82 @ 4 82%
82 @ 4 82%
21 % ® 213,4 5 20 % @ 5 20
4 0 iia @ 4 0 18
40;ije @ 4 0 3
4
94161B@ 95
949l f @ 9 4 i i ,f

United States Bonds.—Sales of Government bonds at the
Board are limited to $55,000 4s, coup., 1925, at >27% to 128%,
and $2,000 4s, coup., 1907, at 114%. The follow ing are the
1 Feb. 20 to Mar. 1 closing quotations:

W A I ili S T R E E T . F R I D A Y . F E B . 1 8 , 1 8 9 8 —5 F . M .

Surplus reserve

Prim e bankers’ sterling bills on L ondon
Prime com m ercia l.......................................
D ocum entary com m ercial..........................
Paris bankers’ (fra n cs)................................
Amsterdam (guilders) bankers...................
F rankfort or Brem en (reiohm arks) b ’ kers

Demand.

28 Feb. 20 to Feb. 28

4
6
3
1%
2
1*2
2

Sixty days,

F ebruary 18.

B ooks closed.
(D a ys inelusive.)

The Money Market and Financial Situation.—As is well
known, the calamity in Havana harbor and its possible re­
sults have overshadowed all other factors in its influence upon
W all Street business this week. There has been no rush
to sell securities, however, only a gradual liquidation.
Timid holders have been disposing of stocks at a small
sacrifice in most cases rather than take the chances o f what
has seemed to be the uncertain outcome of the present sit­
uation, and conservative investors have been quietly buying
at the lower ^quotations which have been made. The disposi­
tion to wait for further facts instead of jumping at con­
clusions or taking hasty action seems to be gaining ground
and is no doubt the wisest course.
The other developments of the week are generally favor­
able in character, prominent among which may be mentioned
reports of railway earnings, our foreign trade conditions and
an increase in the dividend rate on Burlington & Quincy
stock from four to five per cent per annum and an increase of
Canadian Pacific’s semi-annual dividend from 1% to 2% per
cent. There seems no doubt that such factors will have a
broader and more permanent effect when Cuban affairs are
settled. To-day’s market was unchanged in general features
from that of preceding days. Fluctuations were in most
cases within narrow limits and final changes insignificant.
The open market rates for call loans on the Stock Ex­
change during the week on stock and bond collaterals have
ranged from 1 to 1% per cent. To-day’s rates on call were
1% to 1% per cent. Prime commercial paper is quoted at
8 to 4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £447,873 and the percentage
o f reserve to liabilities was 45 77, against 45‘09 last week; the
discount rate remains unchanged at 3 per cent. The Bank
o f France shows an increase of 2,675,000 francs in gold and
a decrease of 100,000 francs in silver.
The New York City Clearing-House banks in their state­
ment of February 11 showed a decrease in the reserve held
o f $1,130,500 and a surplus over the required reserve of
$32,437,050, against $34,781,625 the previous week.

C apital..................
Surplus.................
L oans & disc’nts.
C ircu lation...........
N et deposits.........
S p e cie ...................
L eg al tenders___
R eserve h e ld .......
L egal reserve___

L X 'V I .

count, selling 1-16 premium; New Orleans, bank, par,
commercial $100 discount; Chicago, 40c. per $1,000 dis­
count; St. Louis, 25c.@15c. discount.
Posted rates o f leading bankers follow :

M m x k tx s7 (S a e t t e .

N am e o f Company.

[V O L

Interest
Periods.
2s.................... ..reg .
4s, 1 9 0 7 . . . . . ..reg .
4s, 1 9 07......... .coup.
4s, 1 9 2 5 ....... - reg.
4s, 1925......... .coup.
5s, 1 9 0 4 ......... ..re g .
5s, 1 9 04......... .coup.
6s, cur’ c y ,’ 99 - -reg.
4s, (Cher.) 1 8 98.reg.
4s, (C her.)1899.reg.

Feb.
12.

Q,. -M ch.
<3.-Ja n .
Q .-J a n .
Q .-F e b .
<3.- F e b .
Q .-F e b .
Q ..-F eb.
J. & J.
March.
M arch.

;
w
0
f
3
b.

Feb.
14.

F eb.
15.

Feb
16.

*100
*113
114%
128%
128%
*113%
*113%
*104
*103%
*103%

*100
*113
*114%
*128%
*128%
*113%
*113%
*104
*103%
*103%

*100
*113%
*114%
*128%
*128%
*113%
*113%
*104
*103%
*103%

* This is the price hid at the m orning hoard

Feb.
17.

Feb.
18.

*100 *100
*113
112%
*114% *114
*128% *127%
*12»% 127%
*113% *113%
*113% *113%
*104 *104
*103% '1 0 3 %
*103% *103%
no sale w as m ade.

United States Sab-Treasury,—The following table shows
the daily receipts aud payments at the Sub-Treasury.;
Balances.
D ate.

Feb.
I
“
1
i
«

B eceipts.

P aym ents.

$

$

12
14
15
16
17
18

4,193,226
3,707,882
6,962,740
3,597,286
2,912,723

4,268,825
2,941,024
3,606,802
3,558,880
3,284,779

T o ta l..

21,373,857

Coin.

Coin Cert's.

$
.H O L IO A Y .
147,360,783
147,703,230
147,594,584
147,575,907
147,409,135

$

C urrency
$

17,660,310

1,509,008
1,841,468
1,678,431
1,844,512
1,933,562

38,667,627
38,759,579
42,387,200
42 ,27 s,202
41,983,867

Coins.—Following are the current quotations in gold for
co in s:
Sovereigns........... $4 84 @ $ 4 88
N apoleons............ 3 84 @ 3 88
X X Reiclim arks. 4 74 @ 4 78
25 Pesetas............ 4 78 @ 4 81
Span. D ou bloons.15 50 @ 1 5 60
Mex. D o u b loon s.15 50 @ 15 60
Fine g old b a rs ... p ar @ % prem .

F ine Silver b a rs .. — 56 @ — 57
F ive fra n cs...........— 93 @ — 96
M exican d olla rs.. — 45% @ — 40%
Peruvian s o l s .. .. — 4 0 % ® — 43
E nglish s ilv e r ... 4 82 @ 4 85
Ü. 8. trade dollars — 65 ® — 75

State and R ailroad Bonds.—Sales of State bonds at the
Board include $40,(LO Virginia fund, debt 2-3s of 1991 at 70%
to 71%, $6,000 Tennessee settlement 3s at 90 and $30,000 Vir­
ginia 6s deferred trust receipts stamped at 4%.
The ^market for railway bonds, although somewhat disturbed’ by the news of the week, has nevertheless been rela­
tively steady, both as to prices and the volume of business.
The latter has raoged from $3,475,500 to $4,492,5’ 0, averaging
about $4,000,000 per day par value. The active list has general­
ly declined, but the loss is fractional in most cases and a few
issues close higher than last week. This is no doubt due to
the fact that developments of a domestic nature continue to
be for the most part favorable and calculated to stimulate
the confidence which has existed. Special activity is noted
in the Atchison, Chesapeake & Ohio, Chicago Terminal, Erie,
Kansas Pacific, Louisville & Nashville, Missouri Kansas &
Texas, Northern Pacific, Oregon Improvement, Oregon Short
Line, Reading, St. Louis & Iron Mountain, Southern Pacific
Southern Railway, Standard Rope & Twine, Texas & Pacific,
Union Pacific, Wabash and Wisconsin Central bonds.
Railroad and Miscellaneous Stocks.—Owing to uncer­
tainty as to the outcome of the De Lome episode, the stock
market was weak on Monday and prices on the active list fell
off an average of about 1 point. On Tuesday sentiment was
reversed and the decline of Monday was in many cases fully
recovered. A ll this was changed by the news on Wednesday
morning, since which the market has been feverish and un­
settled, with sharp declines in some cases. Transactions at
the Exchange have ranged from 328,684 to 556,754 shares per
day, and have averaged 415,800 shares. Very few stocks have
been affected by any particular influence other than that
which has dominated the entire market.
The widest fluctuations are noted in shares which
have recently been conspicuous for strength, including the
local traction stocks. Minneapolis & St. Louis common and
preferred have been exceptionally strong on an active de­
mand, accompanied with reports o f an effort to obtain contro
The following table shows the closing prices last week, the
highest and lowest during this week and the closing to-day of
a few active issues :
Burlington & Q u in cy ...
St. P au l............................
N orth W e s t ..............
L ouisville & N ashville.
M ichigan C entral...........
N ew Y ork C e n t r a l......
Manhattan E lev a ted ....
M etropolitan Street R y
Third A v en u e.................
A m erican Sugar............

Closing
last week.
. 102%
95%
. 129%
.
59%
. 113
. 118
. 116%
. 169
. 186
2 139%

Highest.
102%
96
129%
60%
113%
118%
117%
171%
194%
139%

Closing
L ow est j to-day.
100%
100%
93%
95%
126%
126%
58%
57% .
110%
110%
116%
116%
114%
9114%
152%
156
188
186
132
132%

371Ï

THE CHRONICLE.

F e b r u a r y 1 9 , I t 9 8 .]

NEW YORK STOCK EXCHANGE—ACTIFtf S TOOKS f o r week ending FEB. 1 8 , and since JAN. 1, 1 8 9 8 .
H IG H E ST A N D LOW EST PR ICE S.
Saturday,
P eb. 12.

h
b
►

t

:
!
s
1
:
«
■
•
;
a
:
!
a
a
i

M onday,
Feb. 14.

Tuesday,
Feb. 15.

W ednesday, Thursday,
Feb. 16.
Feb. 17.

F riday,
Feb. 18.

STOCKS.

R an ge fo r y ea r 1898.
Sales o f
the
[On basis o f ioo-sh art tote.]
W eek.
Shares.
L ow est.
Highest.

A c tiv e l i l t . S to c k s.
12% 12%
12% 12%
12% 12% A tch ison T opeka & Santa Fe.
5.033 1 2 3« Jan. 24 13% Feb. 7
12% 13% *12% 13%
30% 31
30% 31%
30% 30%
31% 31%
Do
p ref. 35,531 28% Jan. 24 32 % Feb. 8
31% 32
16
17
16
16%
5,246 12% Jan. 25 19 F eb. 3
16% 17 Baltim ore & O hio.....................
17%
17
17%
17
40% 41%
40% 42
40% 41%
41% 43% B rooklyn R apid T ransit......... 86,280 36% Jan. 5 43% F eb. 18
41%
40
6,072 84 Jan. 6 90% Jan. 20
87
87%
87
87%
84% 86% Canadian P acific.......................
87%
87% 88%
87*2
54
53% 55%
5,130 51% Jan. 3 57% Feb. 5
55% 55%
54%
53% 54% Canada S ou th ern .....................
54*a 55%
94% 968b 94% 95%
95
96 Central o f Ne w Jersey ............
95% 97
7,388 91% Jan. 24 98% Jan. 7
94% 96
22% 23%
22% 23
23% 23%
22% 227e Chesapeake & Ohio................. 18,469 21 Jan. 24 2 4 7e Feb. 1
22% 23%
100% 102% 101% 102% 100% 102% 1 0 0 % 1 0 2 xlOO 100% Chicago B urlington & Quincy 179,473 97 Jan. 24 103% Feb. 11
*5«
*52 U
581« *52% 59
60% Feb, 1
60
*58
60
100 102 Jan. 7 113% Feb. 1
*110 112 *109 ‘ 111% 110 110 *109% 111%
Do
p ref.
*109 i n
12% 13%
12% 13 C hicago Great W e s te r n .........
13% 13%
12% 13%
8,687 12% Feb. 18 16% Jan. 8
131a 13%
*9
10
9
9
§8
9 Chic. Indianapolis & L ouisv.
*9
9%
155
9%
8% Jan. 5 10% Jan. 14
*812
31
31% 31%
31
31% 31%
30
30%
1,709 30 Jan. 5 33% Feb. 2
Do
p ref.
3112 32%
94% 95%
93% 95%
94% 96 Chicago M ilwaukee & St. Paul 158,499 92% Jan. 4 97% Jan. 12
95% 95%
94% 96
149
L49% §149 149% 149% 149%
2,619 142% Jan. 3 149% Feb. 16
1471« 14S
148 149
Do
p ref.
126% 12 7% Chicago & N orthw estern....... 22,227 119% Jan. 4 130% Feb. 11
127 129% 128% 129% 126% 128% 126% 128
1« 3 -Tan. 3 1 ' 1 Feh, 7
$174 174 4175 175
56
90% 91%
90
91%
91% 92 Chicago R ock Island fe P acific 52,844 88 Jan. 5 94% Jan. 28
91% 92%
* 90% 92%
77%
76
76
77
76
76% Chicago St. Paul Minn. & Om. 11,405 72 Jan. 24 79 Feb. 11
77% 78
76% 78%
L55 *150
L55 *150 155
Do
p ref.
$148 Jan. 5 151% Jan. 22
*148 155 *150 155 *150
§8%
8%
1,122
8%
8%
9%
8%
8% C hicago Term inal T ra n sier..
4% Jan. 3
9% Feb. 3
$8%
8%
8%
29% 29%
29% 29%
30
30
2,504 22% Jan. 3 33 Feb. 5
30
30%
Do
p ref.
2 9 78 30%
35
35%
3o%
35
35% 35% d e v . Cincin. Chic. & St. Louis
5,281 33% Jan. 24 38% Jan. 31
36%
34% 35%
35*2
*80% 82
82
§80
82
*80
175 80 J an. 7 87 Feb. 1
85
*80
Do
p ref.
*80
85
110% 111 §111 112 Delaware & H udson................
L ll
110
3,749 110 Feb. 16 114% Feb. 3
112 113
112
113
275 150% Jan. 21 1 5 « Feb. 5
*156% 158 *156% 157% *156% 157% 156% 156% 155 155 Delaw areLackaw anna& W est
*
§12% 12% *12%
*12% 13% D enver & Rio G r a n d e ............
40
14
50% 51
'5 0 % 51%
50% 50%
2,491 46 Jan. 3 52% F eb. 9
51
51%
Do
p ref.
14% 15%
14% 15
14% 15 Erie......................................
2,420 14 Jan. 24 16% Feb. 4
15%
15% §15
15
40% 41%
42%
39% 41%
40% 41%
42
Do
1st p ref 10,760 37 Jan. 4 43 % Feb. 11
41% 42%
19% 19% §19% 19%
21
272 18% Jan. 22 21% Feb. 11
Do
2d p ref
§19% 19% *19
*19% 21
156% 158 §157% 157% Great Northern, p r e f..............
156% 157
830 130 Jan. 12 162 Feb. 4
154% 154% 155 155
104% 104% Illinois C entral........................
7,374 102% Jan. 5 10878 Jan. 31
L05
105 105% 104% 105% 103% 105% 104
8%
§8%
8% Iow a Central.............................
9
8%
455
9%
9
9%
*9
8% Jan. 22
9% Jan. 13
*9
400 32% Feb. 11 35 Jan. 8
32% 33% *32% 33% *32% 33%
33
33
Do
p ref.
*32% 32%
16% 16%
16% 16% Lake Erie & W estern..............
16% 17
790 16% Feb. 17 18% Feb. 8
$17
17% *17
18
72% 74
73
73% 74
73
2,143 70% Jan. 3 76% Feb. 8
74% 75
Do
p ref.
73
76
191% 192% 1 9 2 % 1 9 4 Lake Shore & Mich. Southern 14,332 170% Jan. 4 194% Jan. 29
191% 192
191 191% 1 9 0 % 1 9 2
58% 59
57% 59%
58
59 Louisville & N ashville............ 56,265 54% Jan. 5 60% Jan. 31
59% 60%
59% 60
114% L16% 114 115% M anhattan E levated, con sol. 75,335 110 Jan. 4 120% Jan. 14
115 117% 115% 117% 1 1 4 % 1 1 7
157 171% 160% 164% 152% 160% 154% 158% 155 157% M etropolitan Street................ 92,830 128% Jan. 4 171% Feb. 14
110% 111% 110% 111% M ichigan Central.............
8,540 100 Jan. 4 114% Feb. 8
112% 113% 113 113% 110% 113
29
28% 29% M inneapolis < St. L ou is......... 17,870 25 Jan. 5 3 0 78 Feb. 15
30
30%
27% 30%
te
28
2 6 78 28%
*87
89
87
87
700 85% Jan. 13 88% Feb. 15
88% *87% 89
Do
1st pref.
$85% 86%
87
58
59
59%
57
57
4,300 53% Jan. 24 59% F eb. 15
57
Do
2d p ref
56
56%
57% 59%
12% 13%
12% 13 M issouri Kansas < T exas . . . .
12% 13%
&
3,880 12% Jan. 5 14% Jan. 26
12% 13%
12% 13%
36% 38
39%
37% 39%
38
38%
Do
p ref. 25,284 33% Jan. 5 41 Jan. 28
39%
37
38
31% 83%
32% 33 M issouri P a cific..................
16,600 32*4. Jan. 24 35% Jan. 28
32% 33%
31% 33%
32% 33%
31
31 M obile & O h io .........................
31
985 28% Jan. 18 32% Feb. 7
31% 32
31%
*31% 32% $31% 31%
116% 118
11788 118% 116% 118% 116% 117% 116 % 117% New Y ork Central & Hudson. 92,792 105% Jan. 3 119% Jan. 28
*14
*14
15 New York C hicago & St. Louis
*14% 15
15
*14
15
*14
15
i3 Jan. 3 15% Jan. 31
*73
76
*73
76
Do
1st pref.
2 75 Jan. 29 76 Jan. 31
*73
76
$76
76
*73
76
*35
39
39
*35
Do
2d p ref.
*36
39
39
35 Jan. 7 40% Jan. 29
*37
39
*35
fc
231 §178% Jan. 7 §195%Feb. 2
$195 195 §194 194 *193
L96 *194% 196 §194 194% N ewYork New H aven < Hart.
16% 17 N ew Y ork Ontario & Western.
7,995 15% Jan. 3 18 7s Feb. 2
16% 17%
17% . 16% 17
17
1 6 78 17%
14
14 New Y ork Susq. & West., new
14% 14% *14
14
635
14% 14% §14
8 Jan. 8 18 Jan. 5
15
36
*35% 36%
1,332 23 Jan. 10 38 Feb. 11
36
Do
p ref.
36% 37
36% 36% *35% 36%
15 N orfolk & W e ste r n ..................
$16
461 14% Jan. 25 17 Feb. 7
16
*16
16%
16% 16% §15% 15% §15
51% 52%
52
Do
p ref. 25,402 46 Jan. 24 56% Feb. 7
53% 54% x53% 54%
49% 54
53
25% 25% Nor. P acific R y.,v otin g tr.ctfs. 35,720 20% Jan. 4 28% Jan. 31
25% 26
25% 26 % 26% 26%
25% 26%
65% 66%
Do
p ref. 74,531 58 Jan. 5 69 Jan. 31
64% 65%
64% 65%
65% 67
63% 66%
52
52% O r.R R .& N av. Co. vot. tr. ctfs.
51% *51
51
3,815 35% Jan. 7 54% Feb. 1
51
52
. 50% 53
52%
§71% 72%
D o p ref., v ot. trust ctfs.
1,820 63 Jan. 5 72% Jan. 20
71
71
72
72%
71% 71%
71% §71
30
30% Oregon Snort L ine................... 18,743 19% Jan. 3 33% Feb. 17
24% 24%
30
24% 25%
33%
25% 31%
117 117% P en n sy lv a n ia............................ 26,784 114 Jan. 22 120% Feb. 7
117% 119% 118% 119% 116% 118% 1 1 7 % 1 1 8
44
45 Pittsburg Oinn. Chic. & St. L .
44% 44%
43% 44%
3,200 3 8 78J an . 5 46% Feb. 7
45
45%
45
45
69% 70
Do
p re f.
*66
2,366 64% Jan. 18 71 Feb. 7
70
70
70% *68
71
71
*66
20% 21 R eading, v otin g trust oertifs. 11,615 20% Feb. 16 23% Jan. 6
21
21% 21%
21%
20% 21% •20% 21%
50% 51%
49% 50% 1st pref. v otin g trust certs. 14,180 48 7a Jan. 24 54% Feb. 3
50% 5 % 49% 51
49% 50%
26
3,670 25% Feb. 16 29 Jan. 6
26% 27%
27% 27%
25% 26%
26% *26% 26% 2d pref., v otin g trust certs.
*23
25 Rio Grande W estern................
*23
*23
25% *22
25
25
24 Feb. 10 25 Feb. 11
*22
60
Do
p ref.
*59
100 58 Jan. 28 61% Jan. 8
§59
59% *59
60
61% *5^% 61% *58
*7% ....... St. Jos. & Gd. Isl.,v o t. tr. c tfs.
450
7%
8% Feb. 11
8%
*7%
8%
*7%
6% Jan. 28
Do
1st p ref.
2,684 47% Jan. 22 56 Feb. 10
53
52% 53% 52% 53%
53%
53
53%
52
53
Do
2d p ref.
40C 16% Jan. 25 22% Feb. 11
20% 20% *
20% §20% 20% * ____ 20 *......... 21
*7%
7% St. L. & San F r., v ot. tr. ctfs.
1,105
7%
7%
7 Jan. 24
7% Jan. 8
7%
7%
7%
7
§7%
7%
56% 56%
Do
1st p ref.
4,080 53% Jan. 24 58% Feb. 7
56
57
57% 58%
56% 58%
56% 58
*26% 27
Do
2d p ref.
27
4,575 25 Jan. 19 28 Feb. 8
26% 27
27
27%
26
27%
27%
4
4 St. L ouis S o u t h w e s te r n .......
*4
4%
4
4%
*3%
270
3% Jan. 24
5 Feb. 1
§4
4
4
*9% 10%
Do
p re f.
9% 10
9%
9%
600
9 Jan. 24 11 Jan. 27
*9% 10%
§9%
9%
*23
*20
25 St. P aul & D uluth.....................
25
25
25
*23
•23
*23
25
87% 87% $88
Do
p ref.
87% *......... 85%
88
150 84 Jan. 27 87% Feb. 1 4
*85
87% *85
*135 140
123% Jan. 12 136 Feb. 11
*133 137 1*133 138 *133 138 St. Paul Minn. & M an itob a ...
19% 19% Southern P acific C o..................
20
20% *20
20%
19% 19%
1,100 19% Feb. 17 22 Jan. 12
19% 19%
9%
9%
9% Southern, v otin g trust, oertif.
9%
4,19C
9%
9%
9%
8% Jan. 24
9%
9 7s Feb. 10
9%
9%
31% 31% D o pref., v otin g tru st cert. 16,192 29% Jan. 4 33% F eb. 11
3 1 78 32%
32% 32%
31% 31%
31% 32%
12
T exas
P acin o......................... 14,93( 10% Jan. 5 12% Feb. 15
12
12%
12% 128s
12%
12% ! 12
11%
33% 34%
32% 33% Un. P ac., tr. ree., all inst. p d . 71,542 25% Jan. S 36% Feb. 1
34
34%
32% 33%
32
33%
60% 62%
59% 60% '
Do
new
... p ref. 133,25£ 59 Feb. 16 63% Feb. 2
61% 61%
59% 60%
61%
59
9
10^4 Un. Pac. Den. G u lf tr. recta. 23,341
8%
8%
8%
*8%
8%
8%
9%
6% Jan. 5 10% Feb. 18
8%
7
*7
7%, Wabash........................................
$7%
7
7%
255
*7
7%
7%
§7
18% 19
18% 18%
17% 18%l
Do
p ref.
18
18%
18
6,740 17% Jan. 4 19% Jan. 13
18%
2%
2%
2%
2% Wheel. & L. Erie, S I ass’t p d .
§3%
3%
2%
§2%
2%
2%
2 Jan. 5
3% Jan. 11
740
12% 12%
13
Do
p ref. do.
13
13% 13% *12% 15
§13% 13%
580
9% Jan. 4 16 Jan. 12
1
?
! M is c e lla n e o u s S to c k s .
$21% 21%
20% 20%
*19
21 A m erican C otton Oil C o .........
20
20% *19
21
990 20 Jan. 25 23% Jan. 10
74% 74%
*75
76% *75% 76
74% 74% §75% 75%
Do
p re f.
625 74% Jan. 24 77% F eb. 1
8%
8%
8%
8%
8
8% A m erican Spirits M fg. C o ....
8%
8%
8%
8%
2.29C
6% Jan. 2C 9% Jan. 26
22
§20% 20% *20% 22
20% 20%
*20
21
21
Do
p ref.
241 18 Jan. 3 22% Jan. 31
132% 136% A m erican Sugar R efining C o. 176,313 132% Feb. 18 145 Jan. 7
138 139% 138% 139% 136% 138% 1 3 5 % 1 3 8
112% 113
113 113% 112% 112% 112 112% 112% 112%
Do
p ref.
1,653 112 Jan. 15 116 Jan. 6
90% 92%
91% 92%
90% 92
91% 92% A m erican T obacco C o............ 49,263i 83% Jan. 2 i 92% Feb. 11
91
92%
118% 118%
$116 118
118 118 §117% 118% §118 118
Do
p re f.
43 4 1 1 3 *« Jan. 14 118% Feb. 18
3%
3% Bay State G as........................... 11,135 1 3% Feb. 16
3%
3%
3%
3%
3%
3%
3%
3%
5% Jan. 21
189 191% C onsolidated Gas C om p an y.. 25,17; 176 Jan. 3 195% Jan. 25
190% 193
188 189% 1 8 t % 1 9 w 190% 193
33
33% C onsolidated Ic e C o ......... ...
34
34%
33% 33% *33% 34%
34% 34%
712 30 Jan. 12 37% Jan. 2 4
91%
90
90
90
*89
91
$90
90
91% *88
Do
p ref.
430 85 Jan. 7 91
Feb. 15
35% 36% General E lectric C o.................. 18,705 33% Jan. 4 39% Feb. 7
37% 38%
36
38
36% 37%
3 6 7s 37%
34% 35% N ational Lead C o.....................
34% 35
35
35%
34
35%
34% 35%
3,017 34 Jan. 24 37% Jan. 7
109 109
109 109
108% 108% §108% 109% 109% 109*4
Do
p ref.
1,078 106 Jan. 3 109% Feb. 10
31
31% Pacific M ail...............................
31% 32%
30% 31%
31% 32
8,155 29% Jan. 3 32% Feb. 4
30% 31%
94% 95 P eople’s Gas L. & 0 . o f Chic. 38,831 93% Feb. 17 99% Feb. 11
94% 96%
97
98% x96% 97
93% 95%
*55% 56%
*56% 56%
*4%
5 Standard R op e & T w ine . . . . .
*4
4%
4
5
5
5
5%
5
3% Jan. 3
5% Feb. 16
3,803
24
24
24% Tennessee Coal Iron & R P . ..
25%
24% 25
23% 24%
23% 24%
9,4301 23% Feb. 16 28% Jan. 11
7
7 United States L eather Co . . . .
7
§7
7
7%
7
6% Jan. 13
7%- Feb. 7
7%
671
*7%
7%
62% 64%
65% 65%
64
64% 64%
65%
9.300 62% Feb. 10 67 Jan. 8 l ;
65% 66%
Do
p ref
21%
20
19% 20 United States R ubber C o....... 20,642 15 Jan. 13 21% Feb. I s
20
21% * 20
20%
18% 19%
71% 73%
72
71% 71%
74%
73
70% 72
71
Do
p ref. 11,256 63% Jan. 11 74% Feb. I s
91% 92
91% 92%
91% 92% W estern U nion Telegraph ... 31,149 89 % J an. 4 93% Jan. 1 «
91% 92%
91% 92%

These are bid and ask ed; n o sale m ade.




§ L ess than 100 shares.

¡ ^ F o r I n a c t i v e S to c& s

see t o l l» w in g t u s e .

TBE

372

CHROM CLE,

[V ol , l x m

NE.yy YORK STOCK EXCHA.NGS PRICES (C oatiu u eih -IY ^ tfriF tfS roaX S '.
Feb. 18.

I n a c tiv e St o c k s .
IS nd loates un listed.

Bid. 1 Ask.

R a ilr o a d S to ck s.

Range (sales) tn 1898.

1RS
..1 0 0 182
..1 0 0
14
1 4 ’s
.100 »37%
34
29 " 3 0 1 28
«
.10 0
62
66% 65 Jan.
P r e fe r r e d ........................... .
72 Jan.
Burl fd a r R apids & N o r ... .100
1 3*4 14% 1138 Jan.
Central P acific..........................
163 Jan.
{166
Chicago & Alton ................ .
33 Jan.
Chicago Great West. pref. A . ..1 0 0
30ie 33
20
24% 22% Feb.
P referred B
.....................
CJev Lor. & W heel. . . . . . . . . . . 1 0 0 {1538 15% 15% Jan.
50
48
48 Jan.
P r e fe r r e d ... . . . . . . . . . . . . . . . .
. . 50 1691«
7
7 % 5% Jan.
Col. Hook. V alley & T o l......... ..1 0 0
17 Jan.
23
28
P referred . . . . --------- - . . . . . . -.1 0 0
14
12 Jan.
15
D es M oines & F t. D o d g e ....... ..1 0 0
100
P re fe rr e d ..............................- ..100, 80
22
25
23 Jan.
E vansville & Terre H a u t e .... . . 50
40 Jan.
_ 50
42
45
12 Jan.
F lint & Pere M arqu ette... . . ..1 0 0
..1 0 0
41 Jan.
..1 0 0
30 Jan.
40
30
Green B ay * W estern...........
-ir-r*
6 Jan.
Deb. o cftfs. B ................... . .1000 s 19% Jan.
21% 23
Kansas City Pitts. & Gulf . . . „ 1 0 0
5
3 Jan.
4
K eokuk * Des M o i n e s ........ ..1 0 0
18 Feb
..1 0 0
16
18
40 Jan
..1 0 0 {46
{1%
1 Feb.
..1 0 0
„ 50 172 ' 175 167% Jan.
320 Jan.
„ 50
. . . . 121 Jan.
N .Y. L ao«. * W e ste rn ........... ..1 0 0
1
P eoria D ecatu r A E vansville ..1 0 0
IV
% Jan.
4
P eoria * Eastern . . . . . . . . , . e ..1 0 0
7 1 3 Jan.
pity,«. Ft. w . * Ohio, guar___ „ 1 0 0 170
169 Jan.
182 Jan.
1831«
in n 1201* 123 120% F«h.
_ .lo o tlsR
190%. 164
W est Chicago Street................ ..1 0 0 { 98
....... ! 98 Feb
2
2%
W iseonsln Cent. vot. tr. ctfs. .100
% Jan.
* N o p rice F riday

latest p rice tills w eek.

8% Feb.
25 ••eb.
15% Feb.
J an.
Jan.
Feb.
Jan.
Feb.
Jan.
Feb.
Feb.
Feb.
Feb.

175
320
123%
1%
5%
171%
184

Bid.

B ange (sales) in 1898.

A sk.

R H a c o lla n e o u s S t o c k s
A dam s E xnreaa______________ .100 {115 120
Am erican Bank N ote Co IT_______
A m erican C oal..................
25 115 140
A m erican E x p ress___________ .100 {126
91
93
Am er. Telegraph A C able____ 100
B rooklyn U nion Gas.................
{120% .........
Ohio. Juno. B y . A Stock Y a r d s .100 ....... . . . . . .
23% 24
Colorado Fuel & I r o n .............. 100
70
P r e fe r r e d .................................
78
6%
Col. * H ook. C oaltr.rcts.allp d.1 00
7%
180
Com m ercial C able................... . .100
40
C onsol. Coal o f M a r y la n d ..... .100
D etroit G as................................. 50
E dison Eleo. 111. o f N. Y .......... 100 132 135
E dison Eleo. III. o f B rook lyn . .100 108 109%
......
E rie Telegraph A Telephone . .10 0
33%
{32
Hawaiian Cbm. A S u g a r .......
Illinois S t e e l . . . . . . . . . . . . . . ....... 1(H) 50% 55
L aclede G as____________ _____ 1(H) {42% 43%
92
90
P referred ......................
100 {50
M aryland Coal, p r e f___
......
M ichigan-Peninsular Oar C o .. .100
......
P r e f e r r e d ....... ......... ........... .10 0
60
61
100
M innesota I r o n . . . . . ......... .
19
17
N ational Linseed Oil C o . . . . . . . .100
5%
8
100
National Starch M fg. C o . . . . . .
100
Í8
_ io o
.100
100
638
{5%
3%
O ntario Silver M i n i n g ... ...... 100
Pennsylvania C o a l ................. 50 340
185
P u 'lm *n Palace Car C o......... . 100 {184
2
3
100
3
7
P referred ______ T___ •
_______ 100
100
io o
r
U. S. E x p ress____ _________ . . . 100 {44
W ells, F argo E x p ress .............. .100 115 120

183 Jan.
15 Feb.
40% Feb.
30% Jan.
67% Jan.
72 Jan.
13% Jan.
1661a Jan.
36% Jan.
25% Jan.
19% Jan.
50% Feb.

25
41
14%
43
31%
6%
24%
4S
18
50

Feb. 18.

I n a c t iv e Stocks .
f In d icates unlisted.

Highest.

Lowest.

(\ Tniicates actual mies.)

Jan.
Jan.
Feb.
Feb.
Feb.
Feb
Feb.

194% Feb.
1023a Jan.
3% Jan.

Lowest.
100

Highest.

F eb. 180

Febi

116
90
119

Jan 130 Feb.
Jan.
93 Febt
Jan. 125 Jan.
....
....
22% Feb
26 °8 Jan
....
....
6 Jan.
7% Jan.
....
....
45 F eb.
45 Feb.
50 Jan.
60% Feb.
127% Jan. 135 Jan.
109% Feb. I l l
Feb.
....
....
28H Jan,
36% F eb.
48 Jan.
55% Feb.
41% Feb.
48 Jan.
92 Feb.
94% Jan.
50 Feb.
51 Feb.
54
57
17
8%
7

Jan.
Jan.
J n.
Feb.
Jan.

54
65
19
9
8%

Jan.
Feb.
Jan.
F eb.
Feb.

4% Tan.
63s Feb.
3% Jan.
3% Jan
...
....
173 Jan. 189% Feb.
2 Jan.
2% Jan
5% Jan.
6% Jan.
40 Jan.
45 Feb.
113 Jan. 120 F eb,

1 A ctu al saleB

NEW YORK STOCK EXCHANGE PRICES.-STATff BONDS F E B R U A R Y 1 8.
SECU RITIES.

Bid.
.1906
.1906
.1906
1920

107
107
100
100

.1914
N ew consols, 4 s.................... .1914 Ï0 2

Ask.

SECURITIES.

F unding a c t....... .
Chatham R R ......... .

B an ks.

B ank o f N ew Vork
M anhattan C o.......
M erchants’ ............
M echanics’ ....... .
A m e r ic a .............. .
P h e n ix .............. .......
C it y ..........................
Tradesm en’ s ..........1
C h em ical................ .
M erchants’ E x ch ’ge
G allatin......................
B utchers’ * D rov’rs'
M echanics’ * Trad’ s’
Green w i h ...............
L eather M annf a c’rs
S e v e n t h .................
State o f N ew Y o r k ..
A m erican E xch an ge
C om m erce.................
B road w ay..................
M e rca n tile................
P a c ific ..................
R e p u b lic ..............
Chatham ...............
P eople’ s — . —
N orth A m erica ...
H a n o v e r ...............
I r v in g ..................
Citizens’ ...............
N a s s a u ....... .......
M arket * F u lt o n ...
Shoe * L eather.......
Corn E x ch a n g e.......
C ontinental...............
Oriental ...................
Im porters’ * Trad’ra
P a rk .........................
E ast R i v e r . . . . . .......
F o u r th ........................
C e n tra l........... ...........
S e co n d ........................
N in t h ..........................
F i r s t . .........................
N . Y. N at’l E x ch ’g e .
B ow ery........................
N ew Y ork C ou n ty ..
German A m erica n ..
Chase...........................
f i f t h A ven u e............
German E x ch a n g e ..
G erm ania..................
L in c o ln ......................
Garfield ....................
F i f t h ... .....................
B ank o f the M etrop.
W e st Side............ .
Seaboard.................
S ix th ...........................
W e s te rn . . . ____ . . .
F irst N at. B ’ k ly n ...
N at. U nion B an k_
_
L ib e r t y .......
.........
N . Y . Pred. E x ch ’g e.
B k .o f N . A m sterdam

Capital Surpl’s] Loans. Specie. Legale. Deposits.
$2,000,0
2.050.0
2.000.
2.000.
1.600.0
1.000.
1.000.
750.0
300.0
600.0
1.000.
300.0
400.0
200.0
600.0
800.0
1.200.0
5.000.
5.000.
1.000.
1.000.
422,7
1.500.0
450.0
200.0
700.0
1.000.
500.0
600.0
500.0
900.0
1.000.
1.000.
1.000.
300.0
1.500.0
2.000.
250.0
3.200.0
1.000.
300.0
750.0
500.0
300.0
250.0
200.0
750.0
1.000.
100.0
200.0
200.0
300.0
200.0
200.0
300.0
200.0
500.0
200.0
2.100.0
300.0
1.200.0
500.0
1.000.
250.0

$1,90(\6'$Ï4Î3ÏÏÔ,0 $2,870,0] $2,210,0 $15,770,0
1.255.0 16.467.0
2,100,8 15,730,0i 2,501,0
2,725,2 15,9)2,0
0 1,060,9 12,149,1 2,869,2
1.415.0
9.448.0
0 2,087,6; 9,966,0 1,466,0
3.098.6 23 946,3
2,597,2 20,278.l] 3,247,9
650.0 329.0
3.891.0
0
246,6
4,085,0
8.711.1 93.414.0
0 3,746,8 71,305,1; 18,199,4
830.5
120,8
3,249,5 346,3!
3.684.5
7,454,7 24,037,5 5.429.7Í 4.041.6 26.350.0
908.3
180,9 4,879,5 ! 901,8
5.960.8
0 1,653,96,904,8 949,7| 1.722.4
6.691.0
357.4
169,3
1,003,9
214,9
1.327.9
285.0
228,5
2,060,0
280,0,
2 .220.0
499.4
163,4
904,7
113,8
1.178.6
489,8
8,271,6
800,1
675.7
3.129.5
276.9
90,6
1,901,4 322,7
2.317.4
898.1
495,7
3,803,1
227,1 ¡
2.976.0
6.194.0 22.858.0
0 2,480,8 25,774,0 1,915,0
3.535.0 21.688.7
0 3,559,0 25,532,0 2,385,3:
293.8
0 1,634,26,437,91,097,2
5.910.1
0 1,030,09,776,61,009,4 2.292.2 11,200,4
677.6
465,4
2,308,5
373,7
2.901.2
858,2 17,497,6 3,635.8
1.969.4 20.636.9
1,038,8! 6,507,1
988,0
6,273,0
731,1
250,8
1,736,8 181,7
562,3
2.390.7
654,4 11,814,3 1,799,5 2.430.2 14.760.0
5,791,3, 35.530.0
0 2,196,0 26,409,1 5,624,9
656.7
359,0
3,103,0
316.7
3.205.0
407,0 2,528,4
408,8
333.6
2.797.7
502.1
264,3 2,407,6
168,1
2.954.6
1,021,1 6,426,4
709.3
741,6! 5.694.4
0159,5 4,119,4
581,3
746.7
4.841.5
0 1,314,09,426,81,596,0 1.483.0 11,006,6
7664
0204,1 6,773,8
979.0
6.951.6
286.0
406,3
1,793,0
179,6
1.732.0
5,715,1 24,889,0 4,700.0 2.291.0 25.970.0
6.638.7 61.972.0
0 8,265,7 39,688.0 9,870,0
145,4
1,323,0
175.2
219.0
1.303.7
3.126.4 26.923.9
2,056,7 23,812,7 4,762,2
0619,1 9,359,0 2,180,0 2.485.0 13.281.0
689,9
5,462,0
957,0 1,018 0
6.667.0
282,4
3.563,2
560,0
601,6
4.009.0
7,012,9 28,952,3 4,2818
4.348.0 30.131.3
144.2
63,4
1,361,5
189.7
1.255.3
618,8
3,110,0 423.0
673.0
3.741.0
434,2
3,023,6
685.4
342.8
3.860.3
285,7
2,855,7
272,2
559.7
2.900.4
0 1,037,3 25,485,9 6.243,0
2.978.6 32.500.8
1,118,8 8,342,9 1,683,2
1055,8 9.998.9
570,7
2,445,3
163,2
634.6
3.146.3
711,4
3,502,6
562,1
742.1
4,698.6
646,1
6,116,8 1,003,8 1.003.6
6.961.5
810,3
6,212,1 891,3
846.6
6.443.6
292.0
312,1
1,837,9
385,8
2.279.3
816,8 4,780.7 1,041,8
1.679.0
6.893.9
841,1
2,345,0 246,0
473.0
2.692.0
324,8 9,322,0 1,611.0 1.534.0 11.667.0
210.0
843,6
1,763,0 223.0
1.635.0
5.164.1 31.802.4
587,8 26,367,8 2,947,6
957,6
6,256,0 646,0 1,103.0
5.733.0
457.8 12.636.0
786,6 11,811,5 2,579,2
505,0
290,8
3,150,0
352,3
3.362.4
423.2
0314,6 3,997,2 58u.O
3,678,3
277,5
2,662,2
64l,0
392.7
3.090.5

Total.............. .....16 9 ,0 2 2.7 74,271,2 639.836,4 1149677 102,140,3 738,683,8




SECU RITIES.

Bid.

Tennessee—6s, o ld .........1892-1898
6s.
w b on d s...........1892-8-1900
Do
N ew series.. ..1 9 1 4
..1 9 1 2
N ew 'settlem ent 3 s ............. .19 1 3
R edem ption 4 s . . . . . . . . . . . . ..1 9 0 7
„1 9 1 3
Do
4 % s............ .
Penitentiary 4% s............... „ 1 9 1 3
V irginia fu nded debt. 2 -3 s.. ..1 9 9 1
6 m deferred t ’ st reò’ts, stam ped.
,

90

A sk.

1894-1895
...........JA J
.........1900
1892-1898

.........1910
6 s___________________ _____1919
South Carolina—¿ios. 2 0 -40..193 3
6s. non -fu nd...........¡¡
.........

New York City Clearing House Banks.—Statement o f con"
dition for the week ending February 11, based on averages of
daily results. W e omit two ciphers (0 0 ) in all cases._______

(00s om itted.)

Bid.

ìó à
125
103

71
4%

Ask,

71%
6

R eports of Non-Member Banks.—The Clearing-House now
also publishes returns for nou-member banks. Statement of
averages for week ending Feb. 11, 1897, is as follow s: _____
Legal

BANKS.
(00s om itted.)

N e w Y o r k Ci t y .
A stor P lace...........
C olon ial.........
C olu m bia................
E leventh W a rd ...
F ourteenth Street
Franklin National.
G a n se v o o rt___
H a m ilton .___
H id e & Leath. Nat.
H om e.......................
H udson R iv e r .......
M ount M orris.......
M u tu al....................
N ineteenth W ard.
P la z a .......... .............
R iverside................
Standard National.
State.........................
T w elfth W a rd .......
T w enty .third W ’d.
U nion Square.........
Y o rk v iU e ................
Brooklyn .
B ed ford ..............
B ro a d w a y ..............
B rooklyn ................
E ighth W a rd .........
F ifth A ven u e.........
F u lt o n .....................
K in gs C ounty.____
Manufaot’rs’ N at’]
M echanics..............
M ech’ s’ & Tradr’ s
N assau N ation a l..
N ational C ity.........
N orth S ide............
P eople’ s..................
Ì Queens Co. (L .I.C .)
Scherm ei h o r n .
i Seventeenth W ar
Sprauge N ational..
T w en ty-sixth W ’d.
U m o n ...
W all abou t..........
O t h e r Ci t i e s .
1st N at,, Jer. C ity.
H u d . Co. N »i. J. C.
2d Nat., Jer. C ity ..
3d N a t , Jer. C ity ..
1st Nat., H oboken.
2d Nat., H onoke .
Bank o f St«teu Is l.
1st Nat.,Staten Isl.

C a vi­

tai.

Deposit, w ith

Ten.i’ i C lear­
Loan* 4c
& B ’k
S ur­ Invisiin g
plus. vient». Specie. N otes. H orn

iigen

Other
Bks. &
Trust
Co’s.

Net

D e­

posits.

$
$
$
31.5 261.5 100,0 2.761.9
250.0 355.6 2.493.1 160,4
75.7 122.2
6,5
634.0
775.5
48.6
100.0
87,1 129,1
27,7 1,947,2
300.0 185.8 1.953.6 123,1
77.8 2i>5,7
63.6
1.381.9
100.0 112.6 1.082.3
98,3 109.5
832.0
15.4
982.2
44.1
100,0
435.0
200,0 31.2 480.0 80,0 35.0 68,0
44.9 81,1
703.4
7,2
613.3
5,0
24.3
200,0
1.246.0
200,0 94.5 1, 268,0 47.0 44.0 141.0
51.8 lo i),8
1.427.4
500.0 144.6 1.964.8 260,6
54.8 81,9
436.8
89.7
609.6
29.0
81,8
100.0
78.0 2«8,0
39.0
1,147¡0
200,0 186.8 1.072.0
83.1 108,1
68,8 1.537.4
65.7
82,0 1.287.7
250.0
853.4
23.1 103,4 170.0
841,5
16.1
94.7
200.0
620.9
29.1 119.8 102.5
815.0
2,1
22.3
100,0
69.5 311.6
10.3
1.212.7
100,0 105.7 1.032.2
699.8
8,1 89.6 117.8
726.1
94.3
100,0
61.6 06.7
18.5
448.0
325.8
6
27.8
200,0
20.0
52.0
77.0 106,0 1.650.0
65.0 1.484.0
100,0
16.5 101.3 147.0
62,6 1.390.1
200,0 148.7 1.071.6
58.8 9i,8
662,2
23.7 83.3
827.0
42.8
100,0
2.401.9
200,0 269.9 2.077.2 34.2 217.0 233.6
69.1 158.8
1.271.7
100,0 114.5 1.176.9 90.7

50.6
130.8
70.7
18,6
17.2
38,1
27.9
237.0

124.0
208.1
421.3
40.4
45,7
123.6

85,0 1.090.9
1.484.1
1.258.8
218.1
1,0
402.9
26,4
763.7
600,2
2.805.0
2.391.9
869.0
29,8
76.0 4.094.0
60.0 2.798.0
539.9 1.189.9
819.9
47,1
160.9 2,282,7
427.9
344.9
4,5
930.0
10,0
845,5
2,2
219.1
38,3
460,4
2,4

200,0 220.5
100,0 51,2
100,0 48.1
100,0 31.5

100,0

66.2

961.8
1.260.4
987.3
279.1
449,6
847.5
592.3
2.329.5
2.548.1
877.4
3.769.0
2.375.0
656.4
772,0
1.689.1
464.6
398.6
1.040.7
368.2
256.6
483.5

34.3
32.4
64.8
13,2
21.9
57.9
37.6
253.0
107,5
49.1
212.0
126,0
10.7
42.2
92,1
37.5
8.1
90.4
7,5
8,4

400.0
260.0
250.0
200.0
110,0
125.0
26,0
100.0

730.9
507.4
393.1
165.5
409.9
82,7
42.6
71.6

3.764.6
1.867.6
1.446.6
758.2
1,489,5
681,0
403.2
555,4

109,3 200,0 457,5 708.8
108,6 61,8 217.8 452,0
71,4 59,9 478,7
28,2 68,0 135,4 248,*9
31,7 120.9 286,• i
102,1
72,2 182.9
40,4 33,4
0
12.3 67,7
14,7
16,9 26.3 72.9

150.0 110.3
100.0 115.7
165.3
31.0
51.2
180.9
78.9
398.6
426.9
189,2
581.6
674.4
100.0 108,1
100.0 108,0
100,0 117.6
100,0 58,8

300.0
100.0
100.0
200,0
150.0
252.0
500.0
100.0
300.0
300.0

120,-

103.6

378.7
147.4
68.5
664.0
3<2,0
107.9
71.0
417.9
62.6
70.0

38.6
188.0
359,0
59.6
25.0
110,4
13.0
30.7
14.0 212.0
18.4 40.0
16.9 35,4
12.6 36.1 54.1

2Ì,6

4,881,4
2.047.0
1,462,6
985,8
1.515.0
841,4
451.0
518.0

T otals F eb. 1 1 ... 8,<)r2,o 8,4933 58 70 6 3 ,0913 3,786,6 83333 .344.8 64,1683
,212,0 8^
22,7SO,oós,o 3,17 7 3 3 ,781,1 0,240,2 3,433,8 0533D9T otals Feb. 5 ... 1
242,8 65085,3
T otals Jan. 2 9 ...j Q , 2 1 2 ,0 8322.7 59,29333323,0\4,<>34,J 0,013,
B3T* F o r p r ie e s o f b a n k s t o c k s ( f o r m e r l y g i v e n o n t h i s p a g e ) a n d
s u m m a r i e s o f t h e w e e k l y r e t u r n s o f t h e b a n a s In N e w F o r k c i t y *
P h i l a d e lp h ia a n d B o s t o n , s e e t h e t h i r d p a g e p r e c e d i n g .

THE

F ebruary 19, lö98,]

JÎOSTON, PBILADELFHIÄ

*17
75%

243g

,

*81

Tuesday. W ednesday,
Feb. 15 1
1 Feb. 16.

M onday,
Feb. 14.

Feb. 12.

A t oh. T. & S. F e. (Boston). 100
B altim ore & Ohio (B alt.). 100
B alt. C ity Pass’ger “
25
B altim ore Consol. “
25
BaltimoreConsol.1T(PAii.). 25
B oston & A fbany (Boston). ICO
B oston & L ow ell
100
100
B oston & M aine.
C entral o f Mass..
100
100
P referred .........
100
Ohio. Bur.& Quin.
O hio.M il.* 8t. P. (PAil.).lUO
hoo.O kla &Gulf
“
50
P referred .........
“
50
F itohourg p ref.. (B oston) .10 0
Lehign V alley . (P h ila . ) . 50
M etropol’ n StftTT
“
100
M exioan Cent’ l (Boston) .100
N ew E n g la n d ....
“
100
Preferred . . . . . .
“
100
Northern Central ( B a l .) . 50
Northern P acific ( Phila. )1 00
Preferred
"
100
Old C o lo n y .. . . . (B oston). 100
P en n sylva n ia. . . f Phila.) . 50
Philadelph. Trao.
**
50
B eading C o . . . . . .
“
50
O uion P a cific!.. ( Boston) . 100
Union T ra o tlo n ..(P h ila .). 50
M i s c e l l a n e o u s S t o c h a.
Am .Sng’ r Refin. H(B o s to n )....
P re fe rr e d .........
“
....
B ell T elep h on e..
**
100
Bost. & Montana.
“
25
B ntte & B oston .!
“
25
Calumet & H eola
“
25
Canton C o ...........(B a lt.). 100
Consolidated Gas
**
100
D om inion C oal. (B oston ). 100
Eleo.Stor. Bat’ylf (P nila.). 100
P referred 1f
“
100
Erie T elep h on e.(B oston ).100
General Eleotrio.
“
100
P r e f e r r e d ......
100
Illinois S t e e l. . . .
“
100
Lam sonStoreSer.
“
50
Lehi’ hOoal&Nav. (F h ila .) 50
N. E.Telephone (B oston). 100
Pa. Heat,L. & P ow (P h ila.)____
Unit’ d G aslm p.tf
“
50
Welsbaoh L ight T
l
“
5
W est End L a n d .. (B oston )....
* Bid and asked prices; no

*55% .......
101 102% 101% 102% 10 % 103
94% 95
93% 95
10% 11
10% 11
32% 32%
31% 32
99% 99%
99% 99%
99% 99%
23% 23%
23% 24
153 160
160 161%
5%
5%
5%
6
6
5%
35
35
35% 35%
35
35
*91% 94
92
93
91
91
*81
83
*81
83
81% 81%
25% 25%
25% 28% ___ ____
m
6 i% 66%
65% 66% -■ m mm*
192 192 *192 192% 192% 192%
___ ___
59% 59%
58% 59%
84% 85%
85
85%
l0 7 ,Pl0 U 1ft
10»lfi10l3lfi _____ _
34% 34%
32% 33%
33% 34%
16% 17%
16% 17%

83

139%
113%
269%
181
27%
522

55%
21
23%
26%
70
37%
*90
54%
21%
41%
132%
22%
111%
37%
1
sale w as m ade. '

55%
21%
23%
26%
71
37%
.........
55
21%
41%
132%
22%
113
40
1

*5513 56

P rices o f F ebruary 18.
A tlanta & Charlotte (B alt.). 100
B oston & P rovidence (Boston).100
“
100
B oston E levated.......
Gacawissa.. . . . . . . . . . . . (P hila.). 50
1st p re fe rre d . . . . . . .
“
50
Central O h i o . . . . . . . . . . (Bait.) 50
Chicago & W est Mich. ( Boston) .10 0
U itiz’ ns St. R y .o f Ind.flr PAitot.J 100
C onnecticut < P a s s ..(B oston ). 100
&
C onnecticut R iv e r ....
“
100
C onsol. Tract, o f N. J.if (Phila.) . 100
F lint & P ere M a r q ...(Boston). 100
P re fe rre d .....................
“
100
G eorgia Sou. & F la .. (B a lt.) .100
1st preferred. . . . . .
“
100
2d preferred . . . . . . .
“
100
H esconvllle Passeng. (P h ila .). 50
Preferred 1f.......... .
“
50
H unt. & Broad T o p ...
“
50
P referred ..................
“
50 j
Kan. C’y F t.8 . & M em .(Boston). 100
P r e fe r r e d ...........
“
100
L ittle Schuylkill......... (P hila.). 50
M aine C entral.. . . . . . (B oston ).100
Mine H ill & 8. Haven, f Phila. ) . 50
Nesquehoning V a l . . .
“
50
N orth P ennsylvania.
“
50
Or.Sh. Line all asst.^ (B o s to n ) .100
Pennsylvania & N. W. ( Phila. ). 50
Philadel. & E r i e ......
*
50
West E n d ....._____ ..(B o s to n ). 50
P re fe rre d ........... .
“
50
United Cos. o f N. J . . (P h ila .). 100
W est Jersey & Sea Sh.
“
50
W estern N.Y. & Penn
“
100
W isconsin Central. . . (B oston). 100
“
100
P re fe rr e d ....... . . . . .
W oro’st.NaBh.&Rooh.
“
100
MISCELLANEOUS.

A llouez Mln’ g, asst ^ ( B o s t o n ) . 25
Am er. R y .E l.L ig h t.. (P h i l a .) .....
A tla n tic M i n in g ......( B oston). 25
B ay State Gas IT--.—
“
50
B oston L and......... .
“
10
Centennial M in in g ...
“
25
F o rt W ayne Eleot.1T..
“
85
Franklin M in in g ...«
“
25
F renohm ’n’ s Bay L ’d .
“
5
Kearsarge M in in g ....
“
25
M arsden C o . . . .......... (P h ila .).......
.Mergenthaler Linot.. (B o sto n ). 100
O sceola M in in g ......
“
25
Pullm an P alace Car.
“
100
Pennsylvania S teel.. (PAita.).lOO
Preferred 1T.. . . . . . . .
“
100
Qnlnoy M ining, —
.....iB o s t o n ). 25
am araok M in in g ,.«
“
25
^ ater P ow er..................
“
100
W estingh. E lec. & M ..
“
50
P ref., cum ulative...
“
50
t.Top. .fe
gener
A t. Top. & S. F. general g. 4s, 1995
Adjustm ent g. 4s, 1 9 9 5 ..
B oston U nited Gas 1st 5s..

Thursday,
Feb. 17.

12% 12%
12%
13
13
12% 12%
18
*16% 17%
*17
18
*74% 75% *74% 75 * .............
76
7514 *75
24% 24% 24% 24% 24% 24% 24% 24%
24% 24% . , a i a l
24% 24%
225
224 224
225 225 *224 225
222% 222% 223%
*222
*223 224
168 168
168 168% 163 168

138%
112%
269
178
26%
519

I n a c t iv e S to c k s »

B id.

A sk.

136% 138%
112% 113%
267 269%
178 180%
26
27
530 530
*72
75
56
56
56% 56%
21% 22
22
22
___ . . .
___
23
23
26% 26%
72
70% 71
71
38
38%
37% 37%
95
96
96
96
*52% 55
51% 51%
22
22
*21% 22
___
41% 41%
134 134
132% 134
22% 22%
110% 111%
40% 41%
*1%
*1
1%
1%
I H oliday in Philadelphi
I
138%
113
269
178%
26%
523

139%
113%
269%
181
27%
530

Bonds.

12%
75
24%
225%
223%
L6S

*55%
101 101%
94% 95
10% 10%
31% 31%
99
99%
23% 23%
6

6

90%
*81
25%
65
*192
58%
84%
10%
32%
16%

90%
83
25%
65%

135%
112%
265
178
26
530

137%
112%
267
180__
26%
530

59
85
10%
33%
1-7

58
20%
23

*57
20
23
70%
36%
94
*52
21%
41%
132%
22%
110%
40%
1%
a.

71
36%
96
22
41%
132%
22%
113
41
1%

B id.

B ange o f sales ; e 1898
Friday,
Feb. 18.

132% 136%
112 112%
285% 266
176% 178
25% 25%
530 530
*73
76
*56% 57%
20% 21
22
23
27
*26
70%
70
36
36
96
*95
52
51
22
22%
*41% 42
132% 13 ¿%
22% 22%
113 114*4
41%
41
*1
1%

A sk.

? U nlisted.
V Unlist

§ A nd accrued interest»

Low est.

6

12% 12%
*16
17
*74 * 75
24% 24%
*24
24%
*225 225%
*223 224
167% 167%
11
*9
*55% 56 1
100%
100
96
95
10% 11
31% 31%
99
99
23% 23%
157 157
6
6
*32
35
*90
92
*81
82
25% 26
65% 65%
*192 192%
58% 58 78
84% 85%
107,6 10%
32% 33%
17
17*4

B oston United Gas, 2 d m . 5 s ..1939
Burl. & Mo. R iver E x em p t 6s, J&J
ICO
N on-exem pt 6 s ....... 1 9 1 8 , J&J
268 270
Plain 4 s ......................... 1910, J&J
59% 60
Ohio. Burl. & N or. 1st 5,1926, A&O
2d m ort. 6 s . . . . . . . . . . . 1918, J&D
53
21% 22% Ohio. Burl.& Quincy 4 s 1922, F&A
Iow a D ivision 4 s .....1 9 1 9 , A&O
12
15
Chic.& W.Mieh. gen. 5s, 1921, J&D
25
C onsol, o f V erm ont, 5 s .1913, J&J
155 160
Current B iv er, 1st, 5 s ..1927, A&O
265 270
Det.Gr.Rap.& W .,ls t 4s,1946.A & 0
47
48
Eastern 1st m ort 6 g .l9 0 6 ,M & S ..
14
12
Ire e ,E lk . & M .V .,lst, 6s.1933, end.
40
43
Unstamped, 1st, 6s, 1 9 3 3 ... .___
29
28
K.C. C.& Spring., 1st, 5g.,1925, A&O
87
86
K 0. F.S. & M. eon. 6s, 1928, M&N
56
58
42% «■ • a K.O. Mem. & B lr.,l8t,28,1927, M&S
■ ■
K.
C. St. Jo. & C. B ., 7 s ..1907, J&J
64
66
L. B ook & F t a., 1st, 7 s . .1905, J&J
15%
44% L ou is.,E v.& S t.L .,lst,6g.l926 ,A & 0
42
2m ., 5—6 g .................1936, A&O
10
15
Mar. H . & O ut., 6 s....... 1925, A&O
35
47
M exioan Central, 4 g . ..1 9 1 1 , J&J
54
1st oonsoLinoomeB, S g, non-com .
127 128
2d consol, incom es. 3s, non-cam .
56
56%
__È N. Y . & N .E ng,, 1st, 78,1905, J&J1
55
1st m ort. 6 s ... . . . . . . . . 1 9 0 5 , J&J
98
96
30% Ogden. & L .O .,C on .6 s...1920,A&O
30
In c. 6 s ........................... — ...1 9 2 0
B n tland , 1st,6 s . . . . . . ..1 9 0 2 , M&N $106
21 ' 26
2d, 5 s......... ................. 1 8 9 8 ,F&A § 99
84%
84
104% 105
M&N 108
260
Buffalo R y. con. 1st, 5 s ...........1931
52
3% Catawissa, M .,7 s ......1 9 0 0 , F& A
3%
2
ü% Choc. Okla. & G ulf, prior lien 6 s ..
i General 5s....................1919, J&J
5
3
79
Citizens’ St,R y.of Ind., con. 5 s. 1933
120 123
Columb. St. B y ,, 1st, con. 5s.. 1932
Colom b. O. Crosstown, ls t,5 s.l9 3 3
1%
1%
105
Consol. Traot. o f N. J ., lst,5s,1 933
5
D el. & B ’ d B r’k , 1st, 7 s . 1905,F & A
30% 31
1%
1% E aston & A m . lstM .,5 s.l9 2 0 ,M & N
86 %
4% Eleo. & P eople’ s Trao. stock, tr. otf s
4
11% 11% Elmir. & W ilm .,1st, 68-1910, J& J .
H estonville M. & F ., con. 5s.. 1924
2
1
108
15% H o n t. & B r’ d T op ,C o n ,5 s.’ 95,A & 0
15
104
% K. O. Sub. Belt 1st 6 s ...1920, J&D
%
81
Kan.C. P itts .* G .ls t 5 s .l9 2 3 , A&O
7% “ 7% Lehigh Nav. 4 % s.......... 1914, Q—J 114
iio ‘
B R . 4s, g., 1914.....................Q—F
145% 146
G eneral m ort. 4%8, g . 1924,«4—F 102%
41%
41
Lehigh Val.Coal 1st 5 s ,g .1933, J&J
183 184
Lehigh V alley, 1st 6 s ...1898, J& D
13*4
2d 7 s ............................. 1910, M&S
22%
C onsol. 6........<••.•••1923, J&D
112 113
Newark Passenger, con. 5 s ...1930
153 154
N orth Penn. 1 st, 4 s ....1 9 3 6 , M&N
1
%
Gen. M. 7 s .— . . . . . . . . . 1 9 0 3 , J&J
25
25%
Pennsylvania g e n .6 s ,r .,1 9 1 0 , Var
54% 55
C onsol. 6 s ,0 < « ......1 9 0 5 , Var
C o n s o l. 5 s , r .......... ..... 1 9 1 9 , V ar
591% 91%
562% 62% 1 Oollat. Tv. 4% « ...........1<»13, J&D
...1 2 5
P a . & N. Y . C an al, 7s. ..1 9 0 6 , J & D
§92 1 94

* P rice includes overdue coupons.
us.




AND SALTI MOKE STOCK ESCHANOl!

£'#* S h a r e P r i c e « — s o t P e r C e n t u m P r i c e s .

Active Stocks,
li In d icates unlisted.

t Bonds-Bpston,

373

CHRONICLE

1,843

26,772
6,940
2,725
1,790
237
1,723
431
2,47«
120

304
15
2.650
3,037
54
2,783
8,206
6,393
7,293
41,936
132ia Feb. 18 144% Jan. 7
112 Jan. 17 116*4 Jan. 6
262 Jan. 4 272% Jan. 14
149% Jan. 4 131 Feb. 14
23 *4 Jan. 15 248g F eb. 2
489 Jan. 3 530 Feb. 15
489
2,360
413
60
441
1,261

377

355
420
334
81
10,188
20,562
3,534
150
! Trust

52% Jan. l o
19% F eb. 3
22 F eb. 18
26*a Feb. 14
70 Jan. 24
34*8 Jan. 15
84 Jan. 3
48 Jan. 3
20*4 Jan. 1<
41 Jan. 2>
127 J an. 3
18*4 Jan. 3
98 Jan. 11
33*9 F eb.
1 Jan. 13
reo.,all Instai

5 /% J a n .
24 Jan.
29% Jan.
32 Jan.
72% Jan.
34% Feb.
96 F eb.
55 *a Jan.
22*9 F eb.
43% Jan.
134 Feb.
24*8 Jan.
114% Feb.
42 Jan,
1*4 Jan.
paid.

Bonds.
Pa.& N . Y . Can.,oon. 5S.1939, A&O
P eople’ s Trao. tru st certs. 4 s..l9 4 3
Perkiom en, 1st s e r .,5 s .l9 1 8 , Q—J
P h ila .* E rie gen. M. 5 g .,1920, A&O
Gen. m ort., 4 g —
. 1920, A&O
Phila & Bead. 2d, 5 s . . .19 33, A&O
Consol, m ort. 7 S ......1 9 1 1 , J&D
Consol, m ort. 6 g . . . — 1911, J& u
E x t. Imp. M. 4s, g., 1 9 4 7 .. A&O
Con. M .o f 1882, 4 s___ 1937, J&J
Term inal 5s, g —
1941, Q.—F.
Phil. W ilm. & B alt., 4S.1917, A&O
Pitts. C. & St. L ., 7 s ....1 9 0 0 , F&A
Reading Co. gen. 4 s .....1 9 9 7 , J&J
Rochester R ailw ay, con . 5s ..1 9 3 0
S clm yl.B .E .Side,lst 5 g.1935, J&D
Union Term inal 1st 5 s . ......F & A
Atlanta< 6 h S ,f.^ is ? ^ s fi9 0 7 > J&J
&
_
B altim ore B elt, 1st, 5 s .1990, M&N
Balt. C. Pass. 1st 5 s . ...1 9 1 1 , M&N
Balt. Traotion, 1st 5S ..1929, M&N
E xten . & im pt. 6 s ....1 9 0 1 , M&S
No. Balt. D lv., 5 s........1942, J&D
Baltim ore & Ohio 4 g ., 1935, A&O
Pitts. & Conn., 5 g ,...1 9 2 5 , F&A
Staten Island, 2d, 5 g .1 9 2 6 , J&J
R eceivers’ certificates, 6 s..J & D
D o. Maryland Construe., 5 s . . . . . .
D o. Pittsb. & Connells., 5 s .. J&J
Do. Main L i n e 5 s . . . . . . . . . . . . . . .
Bal.&Ohio S.W.,1st,4% g.1990, J&J
0apeF .& Y ad.,S er.A .,6g.l916, J&D
Cent. Ohio, 4% « .............1930, M&S
C ent.Pass,ext.& im p.Ss.1932,MAS
C ity & Sub., 1st Os......1 9 2 2 , J&D
Chari. O ol.& A u g.ext.5s.l9 10, J&J
Col. & Greeny., 1st 5 -6 s.l9 1 7 , J&J
G eorgia & A la., ls t p f. 5 s.l9 4 5 , A&O
G a.Car. & Nor. 1st 5 g ..l9 2 9 , J&J
Georgia P ae.. 1st 5 -6 s ...l9 2 2 , J&J
Geor. So. & Fla., 1st 5 s ..1945, J&J
M etrop- St. (Wash.) 1st 5s ’25,F& A
North. u » i t. 6 b . . — . . . . . 1900, JCui
6 s ................ « « . . . . . . . . 1 9 0 4 , J&J
Series A , 5 s . . . « « ....1 9 2 6 , J&J
4 % s ...........„— . « — •.19 25, A&O
P I ts. & Connells. I s t 7 s .l8 9 8 , J&J
Pitts. United Trao., 5 s ... 1997. J&J
2d A ve. Trao. (Pitts.) 5s, 1934,J&D
Virginia M id., 1st 6S ...X 906, M&r>
2d Series, 6 s_____ ____ 1911 M&S
3d Series, 6 s . . . — ....1 9 1 6 , M&S
4th Series, 3-4-5s....... 1921, M&S
5th Series, 5 s ...........« 1 9 2 6 . M&S
W est Va. 0 . & P. 1st, 6 g .1 9 1 1 , J&J
W ilm . C ol. & A u g., 6 s .. 1910, J&JT

19
3
10
10
5
7
15
29
8
7
7
20
18
4
3

Bid.
102

102
120

107%

102%

107%
127
132%
124
104%
104%
118
107%
85
109

85%

100 %

120
91
92
115
116
107 108
116 116%
104%
67
101% 102
100
101
71

100%
75

117 118
115 115%
108 109%
116% 117%
104 104%
94
94%
120 122
102% 102%
118% 119%
106% 107
110
118
109
101%
101% 102
110
110
120
118
__
98
107% 109
110 110%
118

M ISCE LLAN EO U S.

B altim ore F unding 5s. 1916, M&S 123 125
E xch an ge 3 % e .. .... ..1 9 3 0 , J&J 106%
79
80
V irginia (State) 3 s ,n e w .l9 3 2 , J&J
70% 71%
F unded debt, 2 -8 s ..— 1991, J&J
Chesapeake G a s « © » ..« .1900, J & l 1 0 5 % '.........
C onsol. G as, 6 s « — « .. « 1 9 1 0 , J& I 119 119%
109% 110
5
a
"
c"'

374

THE CHRONICLE

[V ol. LX v i ,

N W YOKE STOCK EX.QttA.NftB PRICES (Continued)—A C T IV E BONDS FEB. 18 AND FOR YEAR 1898a
iE T
R ati P Q t n JJTD

M
IRARLI,*

A nn A rbor.—le t, 4 b, g . . .
B ’w a y A 7th A v . - l st. con. g. 5 s’
B rooklyn E lev. 1st, 6 g .... l S
U nion Elevated.—6 g .. . . 19
B klyn Rap. Trans., 5 g ...- 1 9
B kly n. Un. Gas, 1st,con. 5g. 19
B 'klyn W h rfA W .H —1st,5s,g.
Buff. R. A P.—Gen. g. 58.19
Canada Southern.—1st,5s,19

1 OlosinQ
Int’ st Price Range (sales) in 1898-1
Period Feb, 18
Lowest. | Highest. |
0 Q -F
5 MA S
5 Q—J
5A A 0
5 N ov.
dJ A D
4A A 0
7MA N
5A A 0
5J A J
5F A A
7MA S
i J A J
3MA S
5F A A
5M A N

107 a 106 Feb.
76 a 74 Jan.
86%
82 Jan.
93%
89% Jan.
62%
57% Jan.
120%b 121% Feb.
183 Jan.
t *86% t8 3 Jan.
96%
94 Jan.
114%b 112% Jan.
„ 98%
98 Feb.
104% b 104% Jan.
109 %b 109% Jan.
110%b 108% Jan.
117 b. 117% Feb.
9 0 78
9 0 78 Feb.
10434b 104% Jan.
113 b.
11 47aa 110 Jan.
103% 100 Jan.
* 93
90 Jan.
114 b 114 Feb.

2 M A IS
7J A J
) Q—M
2MA N
1J A J
ÌJ A J
Central Paoiflo.8J A J
B A A O *120 b. 120 Jan.
1 A A O 120 b 120% Jan.
uu rbgaK e. o g . . . . . . . . . .
9 M A N 116% 114 Jan.
1st consol.,5 g .. . . . . . . . .
2 M A S * 83%
81% Jan.
9 J A J 104 b 103% Jan.
9 J A J 94 a. 93% Jan.
d J (fc J .1 1 6
115% Jan.
3 M A N 107 b. 106 Jan.
3 M A S a 0 9 % b . 110% Jan.
¿ F A A
9à b. 99 '8 Feb.
7 M A N *4-09%
98% Jan.
LM A S 123%a. 122% Jan.
7 J A D 116%b. 116% Jan.
4 A A O 129 b. 129 Jan.
/ M A N 108 a. 101% Jan.
C hicago A Erie.2 M A N .1 1 3 a 112 Jan.
7 J A J 105%b. 104% Feb.
7J A J
88
83 Jan.
j J A J 143 b. 138 Jan.
) J A J 119 b. 118% Jan.
3 J & J 120 b. 118% Jan.
L J A J 116 %b. 115% Jan.
B J A J 115%a. 114% Jan.
W ise.A M inn., D iv
l J A J 115 b. 114% Jan.
i J A J 115 b. 114 Jan.
) J & J 106
104% Jan.
3 J A D 123 %b. 123 Feb.
5 Q—F 142% 142% Feb.
Coupon
2 J A D 116%b. 116% Jan.
Sinkins
9 A A O 116%b. 116% Jan.
9 A A O *112 b. 111% Jan.
3 M A N 118 b. 117% Jan.
25-year debenture, 5 s ...
9 M A N 110%b. 110% Jan.
Extension, 4 s...................
3 F A A *104 b. 105 Feb.
I M A N *136 b. 136% Jan.
9 F A A *116%b. 116% Feb.
7 J A J 133 b.
l J A J 105% 105% Jan.
80-year debenture’.5 s ..
M A S 107% 106% Jan.
Ohio. St. P. M. A O.—6 s..
J A D 137 b. 136% Jan.
86%
.........
83% Jan.
A A O 103 %b. 102% Jan.
O .O .C .& I.
, J A D *135 b. 135 Jan.
J & J *126 b.
I M A N * 98 %a. 96% Jan.
A A O 78
73 Jan.
Col. A 9th A v e. gu. 5s, s
' M A S 120%b. 121% Jan.
Ool.H. V ai. ATc U—Con.,!
M A S t 83% a. t7 4 Jan.
J A D * 62 a. 54 Jan.
» M A N 110%b. 110% Feb.
J A J
94%
89% Jan.
A A O *106 b. 104 Jan.
Dui. So. Sh, A A tl.—5 g ...I l 9 Ì J A J 106% 105 Jan.
E dison El.111.—lst,co n .g .5 s.’ i J A J *116 b. 115% Jan.
Erie—4, g, p rio r b o n d s ....1 9 i J A J
9 1 7a
90 Jan.
General, 8-4, g ................19{ J
J 74
70 Jan.
E rie R y.—1st, con ., 7 g ..l 9 i M A S 138 b. 146 Jan.
L ’g D ock , consol., 6 g .l 9 i A A O *138 b.
ï t . W . & Den. City.—4-6 g.195 J A D
74
70% Jan.
G al.H .& San.An-M .A P.D .lst,f M A N
95
92 Jan.
Gen. E lectric,d eb . 5 s ,g ...l 9 s J A D * 99 b. 100% Jan.
A A O
78% Jan.
M A N 102 a. 101% Jan.
F A A *104%b. 105 Jan.
M A N 123
121% Jan.
M AS
88
85 Jan.
J A D 102 b. 99 Jan.
K a n .O .P .A G .-ls t & col.g.5s’ 23 A A O 81
78% Jan.
K ings Co. E lev.—1st,5 g .. 1925 J & J
46 b. 4 5 Feb.
L aclede Gas.—1st, 5 s , g . ..1919 Q—F 103 b. 103 Jan.
L ake E rie A West.—5 g . . . . 1937 J & J 118 a. L15% Jan.
L . Shore.—Oon,op., 1st,7 s. 1900 J A J 109%
L07% Jan.
Consol, oou p ., 2d, 7 s .....1 9 0 3 J A D 119 b. L19 Jan.
G old, 8% s.......................... 1997 J A D 106
L 4% Jan.
<
Leh.V al.Ter.—1st, gu., 5 s . l 9 i l A A O 111%
I l l Jan.
L ex. A v . A P a v .F .g o . 5s,g 1993 M A S 121 b. 121% Jan.
L ong Island.—1st e o n .,5 g .l9 3 1 Q - J
118 b. L17% Jan.
88 b. 85% Jan.
G eneral m o r t g a g e ,4 g ...1938 J A D
Louis. «»Nash.—C o n s .7 s ..1898 A A O 105
L02% Jan.
N .O. A M obile, 1st, 6 g ... 1930 J A J 122 %b. L20% Jan.
“
“
2d, 6 g .. 1930 J A J 107 %b.
General, 6 g ...................... 1930 J A D 120
] L17 Jan.
Unified, 4 g . . . ....................1940 J A Jl 89%bJ 85% Jan.

109 Jan.
77 Feb.
86% Feb.
94 Feb.
64% Feb.
122% Jan.
187 *3 Feb.
187% Feb.
97 Feb.
114% Feb.
100% ¿an.
105% Feb.
I ll
Jam
111 Feb.
119% Jan.
92% Jan.
104% Feb.
114%
103%
93
115

Feb.
Feb.
Feb.
Jan.

120% Feb.
120% Jan.
117 Feb.
84% Feb.
105 Jan.
93% Jan.
116% Feb.
109 Feb.
112 Jan.
101% Jan.
100 Jan.
123 Jan.
116% Feb.
130 Jan.
108 Feb.
113 Feb.
106% Jan.
89 Feb.
142% Feb.
119% Jan.
121 Feb.
117 Jan.
117 Feb.
115% Feb
115 Feb.
107 Feb.
123 Feb.
145 Jan.
116% Jan.
117% Jan.
111% Feb.
118% Feb.
110% Feb.
107 Feb.
137 Jan.
117 Feb.
106%
108
138
87%
102%
137

Jan.
F e b ..
J an.
Feb.
Jan.
Jan.

98% Feb.
78% Feb.
123% Jan.
t8 2 Feb.
61 Feb.
110% Feb.
95% Feb.
110% Feb.
106% Feb.
117 Jan.
93 Feb.
74% Feb.
147% Feb.
75 Jan.
95 Feb.
101% Feb.
80 Jan.
102 Jan.
105 Jan.
123% Jan.
90 Feb.
103 Feb.
81% Feb.
50 Jan.
105% Jan.
L17% Feb.
L09% Feb.
120 Feb.
L06% Jan.
L ll% Feb.
123% Jan.
L20 Feb.
88 J an.
L05 Feb.
L22 Feb.
120 Feb.
91% Feb.

R a il r o a d and
Miscellaneous B onds .

Oloting“ B a n a t (sa les) in 1898.
P rice

Louis. N. A. A Oh.—1st,68.1910 J A J
Manhattan consol. 4 s....... 1990 A A O
M etro. E le v .- 1st, 6 g . . . .1908 J A J
„ 2d.6s........
1899 M A N
^ ® tr°p.S t.,gen.col.tr.g.5s.l997 F A A
Mlph. Cent.—1st,c o n s.,78.1902 M A N
Consol., 5 s.........................1902 M & N
Mmn.&st.L.—ls tco n .5 s ,g .l9 3 4 M A N
MO. K . «bE.—1st 5 s,g., go.. 1942 A A O
M. K. A Texas.—1st, 4 s ,g . 1990 J A D
2d, 4s, g .............................. 1990 F A A
-Pac.—i s t , con ., 6g....... 1920 M & N
3d, 7 s.......................
1906 M«fe N
o f Mo.—1st, ex ., 4 g .l9 3 8 F & A
„ 2d e x t 5s........................193« J & J
St. L .A Ir.M t.A rk . B .,5 s.l9 3 5 J & D
1st ext., g., 4% s............ 1947 F & A
„
R ’y A la n d g r .,5 g .l9 3 1 A A O
M obile ¿ O h io —N ew 6 g ...1 9 2 7 J & D
„ G e n e r a l m ortgage, I s . . 1938 M A S
Nash. Oh. AS t.L .—1st, 7S ..1913 J & J
fe
Oonsoi. 5 g ......................... 1928 A < O
" -Y . Central—D ebtext.4s.1905 M & N
J & J
1st, coupon, 7 s .......... ....1 9 0 3
D eben.,5s, ooup., 1884..1 904 M & S
N. Y. A Harlem, 7s, reg.,1900 M & N
& Ogd., consols, ds. 1922 A & O
\ ^ 8t8 h ore,g u a r., 4 S ....236 1 J & J
N. Y . Ohio. A i t . L.—4 g ...l 9 3 7 A A O
N. Y . L ack. < w .—1st, 6S..1921 J & J
fe
C onstruction, 5 s.............. 1923 F & A
JJ*Y. N. H. A H .—Con. deb. otfs A & O
Í4 5 Jan.
N. Y . Ont. A W.—R ef. 4s, g.1992 M & S 102
97% Jan.
C onsol., 1st, 5s, g ......... ;.1 9 3 9 J & D *109
107% Jan.
N.Y.S us.A W .lstref.,5 s, g.1937 J & J 10814b 103 Jan.
Gen. 5 g ............................. 1940 F & A * 96 a 87 Jan.
„M KH and o f N. J., 6s, g ...l 9 1 0 A & O 120 h 120 Jan.
Nor^A W. R y.—1st, oons.,4g.’96 A & O 83
79 Jan.
No. Pacific—1st, ooup. 6 g .l9 2 1 J & J 118ia 116 Jan.
P rior lien. ry . A l.g. 4, g.1997 Q—J
9714
95 Jan.
623 60% Jan.
4
General lien 3 g ...............2047 Q - F
N o.Paoiflo Ter. Co—6 g . . . . 1938 J & J 107 iab 104 Jan.
J & D
81ifl 80 Jan.
Okio Southern—1st, 6 g . . . 1921
General m ortgage, 4 g .,1 9 2 1 M & N t 15 a 11 Jan.
i
O regonlm pr. Co.—I s t 6 g ..l9 1 0 J A D 1112 t tl0 3 % J a n .
Consol., 5 g ....................... 1939 A A O ! 62
t4 6 % Jan.
Ore.R.AN av. Co.—1st, 6 g .l9 0 9 J A J *114iaa 112% Jan.
96
R R . A Nav. consol., 4 g .1 9 4 6 J A D
93% Jan.
Oreg. Sh. L ine -1 s t, 6s, g .. 1922 F A A 126 a 124 Jan.
1st, con. 5s, g . . . . i ........... 1946 J A J 102
96% Jan.
Non-oumul. ino. A , 5 s ... 1946 Sept.
6814
58 Jan.
Penn. Co.—4 % g ,o o u p .___ .1921 J A J *114iaa 113 Jan.
Peo. Deo. A E vansv.—6 g .19 20 J & J *100 t t9 9 % Jan.
o
Evans. Division, 6 g . . . . . 1920 M A S
96 Feb.
2d m ortage, 5 g .................1926 M A N
Pitts Sh. A L. E ., 1st, 5 g.1940 A A O 109 iab. 106% Jan.
P ittsburg & W estern— 4 g .l9 1 7 J A .1 84ia
77 Jan.
853a 83% Jan.
R eading Co.—Gen., g. 4s .19 97 J A J
84
R io Gr. Western—1st 4 g .,1 9 3 9 J A J
81% Jan.
76
St. Jo. A Gr Isl.—2-3-4s.. 1947 J A J
70 Jan.
St. L. A San P r.—6g, Cl. B .19 06 M A N T 16 1 115 Jan.
General m ortgage, 6 g ..l9 3 1 J A J 118
116% Jan.
1931 J A J 104
General, 5 g ................
103% Jan.
R ailroad, 4 g .................... 1996 J A J
75ia 74 Jan.
St. L. A So. WT—1st, 4s, g .1 9 8 9 M A N
7688b. 72 Jan.
2d, 4s, g., in com e............. 1989 J A J
273s Jan.
StuP.M. A M .—D ak.E x.,6 g . 1910 M A N 123 a. 121% Jan.
1st oon soi.,6 g . . . . . . . . . . . 1933 J A J 128 iab. 128 Jan.
reau oed to 4% g . . J A J 108 b. 106 Jan.
99
M ontana ex ten sion ,4 g .1 9 3 7 J A D
93% Jan.
61% 5938 Jan.
San.Ant.<fc A .P .—lst,4 g .,g u .’ 43 J A J
So. Oar. & Ga.—1st, 5 g . . . 1919 M A N
96%
95 Jan.
So. Paoifio, Ariz. —6 g ...1 9 0 9 -1 0 J A J *102 %b. 100% Jan.
So. Paoilio, Cal.—6 g . . . 1905-1 A A O *110 b. 110 Jan.
1st oonsoi., gold, 5 g . . . . . 1937 M A N * 96 b. 92% Jan.
So. P acific, N. M.—6 g ....,1 9 1 1 J A J *107 b. 105% Jan.
louthern—1st con s, g, 5 s . l 9 9 i J A J
93ia 92 Jan.
E. Tenn.reorg. lien 4-5s. 1938 M A S *100 b. 96 Jan.
E .T . V. A G .—1 st,7 * . . „ 1 9 0 0 J A J 107% b 106% Jan.
„ C o n .5 g . . . . . . . . . . ......... 1950 M A N l l i i a
110% Jan.
G eorgia Pao. 1st 5-6s, g .,1 9 2 2 J A J *120 b. 118% Jan.
K n o x v .A Ohio I s t 6 s ,g ..l9 2 5 J A J 11718 117 Jan.
Rich. A D an v. con. 6 s ,g ..l9 l5 J A J 123 b. 122 Jan.
W est.N o.C a rlstoon .6 s,g l9 1 4 J A J *114 b. 112% Jan.
F A A
61
57 Jan.
A A O * 86 b. 85 Feb.
Birmingham D iv., 6 g . . . 1917 J A J
86ia 84 Jan.
?exaa A P acific—1st, 5 g ..2 0 0 0 J A D lOlia
9738 Jan.
2 d ,in c o m e ,5 g . . . . . . . . „ 2 0 0 0 M arch
3413
28 Jan.
Toledo A Ohio Cent. 5 g . .1935 J A J 104ia 102% Jan.
J A D \ 88
86 Jau.
J A J
103 Jan.
E x t. sinking fu n d , 8 .....1 8 9 9 M A S
113% Jan.
Collat. tr. 6s, g. n o te s... 1902 F A A
143 Jan.
N ew 4 s .......................... .............
95
94% Feb.
P urchase m oney certs....... .
11 178 Jan.
Kan. P a o .-D e n .D lv .,6 g . 1899 MAN
120 Jan.
lstconBOl., 6 g . . M. . . M1919 M A N t l l 4
t8 4 % Jan.
U.P.Den. A G u lf,con .,5 g. 1939 J A D t 58% f4 S % Jan.
J. S. Leather—S .F .deb .6g.l91 3 MAN 115% 114% Jan.
' Virginia Mid.—Gen.M., 5s. 1936 MAN 105
103% Jan.
fabash—1st, 5 g . . M. . . . n 1939 MAN 1093s 10 778 Jan.
2d m ortgage, o g . . . M.._ .1 9 3 9 F A A
82%
8 0 . Feb.
(Test If. Y . & Pa.—1st, 5 g .l9 3 7 J A J 108
106 Jan.
A A O ' 54 b, 48 Jau.
J A J 110 b 109 Jan.
\
J A J t 44
t3 3 % Jan.

150 Jan.
102% F eb.
108% Jan.
108% F eb.
98 Feb.
121 Jan.
85
Feb.
119% Feb.
9 7 78 Feb.
63 % Feb.
107% F eb.
83 Jan.
15 Jan.
t ll2 % F e b .
t6 2 % Feb.
115 Jan.
97 Feb.
127% Feb.
102 Feb.
69 Feb.
114 Jan.
t9 9 % Jan.
96 Feb.
109 Feb.
86% Feb.
87% Febv
86% Feb.
76 Feb.
116% Feb.
119% Feb.
105% Feb.
77 Feb.
7 6 78 Feb.
30 Feb.
122 Jan.
128% Jan.
108% Feb.
99 Feb.
62% Jan.
98 Feb.
104 Feb.
110 Jan.
96% Feb.
108% Feb.
94% Feb.
100 Feb.
107 Jan.
111% Feb.
121 Feb.
117% Feb.
125 Feb.
116% Jan.
61% Jan.
85 F eb.
87 Jan.
102% F eb.
34% Feb.
104% Feb.
190 Jan.
103 Jan.
tl3 4 % F eb .
150% Feb.
9 5 78 Feb.
126% Feb.
130% Feb.
t ll5 % F e b .
t 5 8 7a Feb.
116 Feb.
105 Jan.
110 Feb.
82% Feb.
108% Jan.
55 Feb.
111 Jan.
t4 7 % J a n .

MEW ¥0BK STOCK EXCHANGE PRICES—( Continued).—INACTIVE BONDS—FEB. 18 .
SEC U KITIEls.

B id

Ask.

Railroad Bonds.
( Stock E xchange P rices.)
A la b a m a M id.—l s t ,g ., g u a r ..1928
A toh . 1‘opeka A San Fran.—
E<iuip. trust, ser. A , 5s, g „ 1 9 0 2 ......... .....
C hicago A St. Lou.—1st, 68.1915
A tlan. A v e., Bklyn—Im p .g .5 s.l9 3 4 *85
Atlan. <» B a n ",—i a* „ .
*
. •=
< ;..
98 ib‘ô "‘




SECURITIES.
Bart. A O h io - 1st, 6s, Park B .19 19
5s, g o ld .................................... 1925
Cons, m ort., gold. 5 s............ la s s
W Va. A Pitts.—7 st, g., 5 s ..1990
M onon. K iver, ls t ,g ., g. 5 s . . l 9 l »
Oent’l Ohio R eo .—Ist74% s. 193c
Col. Cin. A M id.—1st, 4 % s ..1939
A k.A C h.Juno.—Ist,g,5s,gu .l96*
B. A O 8. W ., 1st, g.74% 8... 1990
• ■ W s«.—1st, on» 4 « . . . ’ '•n

Bid.

Ask.

*117% 118%
*100
*100

SECURITIES.

Ohio A M.—2d consol. 7 s. ..1911
Springfield D iv. 1st 7 s ...... 1 9 0 5
General 5 s . . . . ____ _________ 193z
B rooklyn E leva.ed—2d, 5 s . ..l 9 i £
Seaside A B .B.—1st,g ,5 s ,g u .l <42
*99”
B runsw ick A W ’n —1st, g., 4s. 1938
......... B uff.R. A P itts.—R. A P .ls t ,68 .1921
■*8l"
R och A P itts.—^Cons. 1st,6s. 1922
*100%
Clear. A Mah.—lst,g u .,g . ,5s. 1943
■Rnfl’. A Sn»«r»eli —
1st, 5s, <r..l <3 u
|

Bid.

A sk

107* 107%
*59
Ì 2 3 ”"
122
112

F ebruary 19, 1898.1

THE CHRONICLE.

375

NEW YORK STOCK EXCHANGE PRICES. —IN AC TIVE BONDS—fC ontinued)—FEB. 1 8 ,
Bid. Ask.
SECURITIES,
Bid. Ask.
SECURITIES.
SECURITIES.
Bid
Ask
Burl. OecLRap. A No.—1st, 5S.1906 107% 108*2 E rie—l« t , non., g., f 'd ^ s ....1 9 2 0 .......
N orfolk A South’n—1st, 5 s,g .l9 4 1 104*a
Consol. & collat. trust, 5 s ..1934
B. N. Y. A E.—1st, 7 s . ....... 1916 *139
N orfolk A W est.—G eneral, 6s.1931 "125
Butt. * 8. W.—Mortg. 6 s ....1 9 0 8 115
Minn. A St. L.—1st, 7 s ,g u ..l9 2 7
New R iver 1st 6s .................. 1932
Ced. Rap. I. F. A N „ 1st, 68.1920 *105
fefterson—1st. gn. e 5s ....1 9 0 9 106
Imp. A E x t., 6s.......................... 1934
Heel A R R . - 6 s . .
........1922
1st 5s....................................1921 *105*2
Col. Conn. A T er..lst,g a .g.5 s.l9 2 2
93 .........
Oeuti. KR. # Bans. —
Col. g .5s.l9 37
rv»nv *TnaDt..i«t6R. oar’ oy.1913 116
Scioto V.AN.E.—1st,g u .g .4 s.l989 * 8 6 %
Cent. Ry. of Ga.—
N. Y. & Gr’nw ’ d L.—G u .g.5s.l946
Ohio R iver R R .—1st, 5s, g ___ 1936 104
41 *4 42*2 ii-aa s. * T .H .— at, e o n s .,6 s.l9 2 1 *115
1st, pref. income, g., 5s ....1 9 4 5
Gen, g .,5 s ................................1937
13*2 14*2
2d, pref. Income, g., 5 s ....... 1945
' at, venaral, g., 5s ................1942 *81
Omaha A St. Louis.—1st, 4 s ..1937
80
6% ......
’-St. Vernon 1st 3 s .................. 1923
Sd, pref. income,g., 5s......... 1945
Oregon Short Line—
87
Mao. A Nor. Div., 1st,
5 s .1946
*nl.
Br. 1st, g., 5
Utah A North.—le t, 7 s ......1 9 0 »
...... Evans.Co. Indian.—1st, se.......1 9 3 0
95
A
o n s ..1926
80
Mobile Div., 1st, g., 5s . . . . . 1946
G old, 5 s...... .......................1 9 2 6
110*2 Flint A P. Mara.—M ort., 6 s... 1920 116
Osnt. of N. J.—Conv. deb., 6 s .1908
Non-cum. ino. B. and ool. tru st..
47
48
0*nt. Paolfle—
1st, eon. gold, 5 s . . . . . . . .....1 9 3 9 *91*4
Penn-P.C.C.ASt.L.Cn.g.4*ssA194f
93
SpeyerA Co.otfs, A B O D ..1899 101*2 103
P t. H uron D iv.—1st, 5 s ___ 1938
Do
do
Series B 1942 118 113 V
Gold 5s, series E ............ .. 1898
Ela. Cen A Pen.—l s t g . 5 s ....1 9 1 8
Do
do
Series C 1942
1st, 1. g.. ext. g., 5 s . . . . . ........1930
San Joaquin Br., 6s.............. 1900 *104
Do
do
Series D, 4s, 1945
1st eon. g., 5s . . . . . . . . . . . . . . . 1 9 4 3
Mort. gold 5 s ........................ 1939
P .C .A S .L .-lst,0.,7s................ 190C
Ft. W. A Rio Gr.—1st. g., 3-48.1928
60
land grant, 5s, g . . . . . . . ........1900
Pitts. F t. W. A 0 .—1st, 7 s ...1912 140
91
Oal. A O. Div., ext., g. 5S...1918
Gal. H .& H .o f 1 8 8 2 ,1 s t,5 s ...1913
2d, 7 s ................................... 1912
west. Paolflc—Bonds,6s....1 8 9 9 *10214 104
Ga. & Ala., 1st, p ref., g. 5 s ... 1945 103*2 .05
3d, 7 8.....................................1912
Ga. Car. & Nor.—1st, gu. 5s, g.1929
No, Railway (CaM—1st, 68.1907
Oh. St. L. A P.—1st,oon. 58,g ... 1932
50-year 5 s...........................1938
Illinois Central—1st, g., 4 s . ..1951 113*2
Olev. A P .—Cons., s. fd ., 78.1900
Cent. Washington—1st. g., 6S.1938
1st. gold, 3*«8......................... 1951
Gen. 4*28, g., “ A ” .............1942
Chas. A Sav.—1st, g., 7 s.........1936
___
Gold 4 s .....................................1952
Do
do
Series B 1942
103
2-10 g., 4 s . . . . .........
..1 9 0 4
OSes. A O.—Pur. M. fund, 6s. 1898
St. L .V . A T . H .—1 s t,6s., 7 s .l8 9
103
99 102
Cairo B ridge—4s................... .19 50
Oralg Valley—1st, g., 5 s ....1 9 4 0
2d, guar., 7 s.........................1898
Warm Spr. val., 1st, g. 5 s ..1941
------ M iddle D iv.—R eg., 5s...........1 9 2 1
G d.R .A I.E xt.—1st,4*«8,G.g. 1941
"10278 103% O. St. L. A N . O.— G 5s,oou-1951 123
Eliz. L.A Big Sandy—G. 58.1902
L
A lleg.V al.—Gen., gu., 4s, g.1942
0 uoago A Alton—8. F., 6 s ....1903 112
Memp, D iv ., 1st g. 4 s ....... 1951
N.&Cin.Bdg., gen.gu.4*2S,g.l945
lionis. & Mo. River—1st, 7S.1900
St. L. A . A T. H .—Term . 5 s l9 1 4 *106
Penn.R R.—1st real. est. g. 4 s.l9 2 3
2d, 7 s ....................................1900
Bellev. A Car.—1st, 6s___ 1923 *116
Cle.A Mar’ ta—l8t.gu.g.4*2S. 1935
St. L. Jacks. A Chic.—2d, 7S.1898
St. Louis So.—1st, gd. g. 48.1931
U nitedN .J.R R .& 0.--G en.4s.l944
"iiss.R. Bridge—1st, s. f., 6s.l912
Car. A S haw t.—1st g. 4 s.._.1 9 3 2
D. Riv.R R . ABdg—lst,g u .g .4s.’ 36
Ohio. Burling. A Q.—5s, s. f ..l 9 0 1 104%j
Ind. Deo. A W.—1st, g., 5 s .... 1935 103*i 104% P eoria A Pek. Union—1st, 6s .1921 121
Iowa Div.—Sink, fu n d ,5s.. 1919 109*2
Ind. His. A Iow a.—1st, g, 4 s.. 1939
2d m ortg., 4*28.......................1921
86*2
Sink.lj.gfnnd,4s............. 1919 103*2 104*8
1st, e x t., g. 5s. ...................... 1943
Pitta. Cleve. A T ol.—1st, 6 s...1922
"lain, 4 s . . . .............................1921
56
Int. A G. N’ n.—3d, 4s, g .........1921
59*2 P itts. A L. Er.—2d g. 5s, “ A ” . 1928
Chicago A Iowa Div.—5 s ... 1905 105
37
Kings C o.-F .E l.,lst,5,g.,gu . A. 1929
38
Pitts. Mo. K. A Y .—1st 6s.......1932
Chic Bnrl. A Nor.—1st, 5 s.. 1926
Lake Erie & W est.—2d g., 5 s .1941 102
Pitts. Painsv. A F.—1st, 5 s ... 1916
C ’ >n. * Indiana Coal—1st 5 s .1936
North’n Ohio—1st, gu. g. 5S.1945 101 103*2 Pitts. Shen. A L .E .—lstoon.5s.1943
Chic.Ind. <6L .—Ref. g., 6 s .... 1947 100
L . 8. A M.Son.—B .A E .—New 7 s .’ 98 *103
Pitts. A West.—M. 5s,g.l8 9 1 -1 9 4 1
Oh.Mil.ASt.P.—
/b,i*g.,R.D1902 143
Det. M. A T.—1st, 7 s ............ 1906
Pitts. Y ’gst’nA A .—1st, 5s,oon.l927
isi, i. » D .,7 s ....................... 1899 143
Lake Shore—D iv .b on d s, 7s. 1899 *108%
R io Grande So.—1st, g., 3 -4 s .l9 4 f
1st ,0. A M., 7 s.......................1903 143
Cin. A 8.—lst,gu.L.S.& M .S.7s.’01 *110% ...... St. L. A 8. F .—2d 6 s,g ., ol. A . 1906 116
.st,* I. A D. Extension, 7s. ..1908 143
Kal. A ll. A G. R .—1st gn. 5s. 1938 *120
2d, 6s, g., class C ................ 1906
116
1st, La C. A Dav., 5 s . . . . . . .. 1919
Mahon’ g Coal R R .—1st, 5s. 1934 ‘ 118%
1st, trust, gold 5s.......... . 1987
1st, H .A D .,7 s ..................... 1910 129*
Lehigh V al’ y (P a .)—Col. g. 5 s .1997 "104
Ft. 8. A V .B .B g .—1st, 6 S ...1 9 K 107
4
1st, H. A D .,5 s ..................... 1910 106 3
LehighV. ,N. Y.—1st gu.g.4*2S.1940 "104
Kansas Midland—1st. g. ,4s. 1937
121*fl Lehigh V ’y Coal—lst5 s,g u .g ,1 9 3 3
Chicago A Pacific Div., 6 s .. 1910
Southwest Div., 1st, g. 5 s .. 1947
Mineral Point Div. 5 s .......... 1910 110
Lehigh & N.Y.—1st, gn. g. 4S.1945
92
. .. . St. Paul City R y, oon . 6s, g .„ 1 9 3 7
0 . * L. Sup. Div., 5s............ 1921
E lm iraC .A N .,lst.g .lstp f.6s.l9 14
G old 5s, g u a r ........................1937
Fargo & South., 6s, A ssn ...1924 127*6
Guar., gold, 5s................ ..1 9 1 4
St. Paul A Duluth—1 st,5 s ....1 9 3 1 115
iu c. conv. sink, fund, 5s___ 1916 105
Litohf. Car.dc W est.—1st 6s. g.19 16
2d m ortgage 5s......................1917 109
Oakota & G t. South., 5 S ....19 1 6 112 114
Little R ook & M.—1st, 5s g ..l9 3 7 *22
St. Paul Minn A M.—2d M ,6s.l9 0S 121
Mil. & Nor. main line—6 s ... 1910 123
L ong Island—1st, 7 s ...............1898 102
Mtnneap. Union—1st 6 s___ 192
128
C iic.ANorw.—30-yeardeb.5s.1921 118
Ferry, 1st, g., 4*® s..............1922
90
M ont. Cen.—1st, guar., 6 s ..193 *127
S&oanaba A L. 8 .1 st, 6 s ....1 9 0 1
Gold 4 s .................................... 1932
1st gnar. g. 5 s.................... 1937 108*2
*ies M. A Minn.—1 st,7 s ....1 9 0 7
N. Y . A R ’ w ay B .—1st, g. 5s. 1927
East. Minn., 1st div. 1st 5 s .1908 *108V
I>wa Midland—1st, 8s......... 1900 ‘112
2d m ortg., in o _______ ____ 1927
W^nr.ar ASionxF.—1st, g ,5s.l938
Ohio. A Milwaukee—1st, 7s. 1898
N .Y .B .A M .B .—1st oon. 5 s,g .l9 3 5
106*2 San Fran. A N. P.—1st, g., 5s.l91S *90
Win. A St. P .—2d, 7s............. 1907
B rookl’nAM ontauk—ls t,6 s .l9 1 1
8av.Fl. A W est.—1st, con. g.6s.l9 34
Mil. A Mad.—1st. 6s............ 1905
1st, 5 s ......... .........................1911
Seaboard A Roanoke—1st, 5 s .l9 2 6
Ott. O. F. A St. P.—1st, 5s. 1909 109%}
No. Shore Br.—1st oou.5s,g.l93 2
S eat.L .S.A E ast.,lst6s,asst.pdl931
Northern 111.—1st. 5 s .......1 9 1 0 109*9
Louis. Evans. A St. L.—Con. 5 s. 1939
33
Southern Pacific Co.—
Mil. L. S.AW.—Con.deb.,58.1907
Louis. A N ash.—Cecil. Br. 7S..1907 107*a
Gal. Har. Asian Anc.—1st, 6s .1910
Mich. Div., 1st, 6s....... ....1 9 2 4 130
E. H . A Nash.—1st 6s, g . . . . l 9 1 9 116*8
2d m ort., 7 s .......................1 9 0 5 105
kshland Division—1st, 6s 1925 133
Pensacoia D ivision, 6s......... 1920 108
Hons. A T ex. C .W aooA N .7s.l903 125
91
<Jh.R.I.AP—D.M .AF.D.lst 48.1905
St. Louis D ivision, 1st, 6 s ... 1921
1st g ., 5s (int. g td )............ 1937 110
1st, 2%iS........... ....................1905 *71
2d, 3 s .................................... 1980
Cons. g. 6s (int. g td )......... 1912 106
Extension, 4 s..................... 1905
91
Nashv. A Decatur—1 st,7 s ..19 00 106*a
M organ’s La. A T.—1st, 6 s ..1920 129*2
Keokuk A D ob M.—1st, 5 s .. 1923 108 110
« . f.,6s.—S. & N. A la ............. 1910
1st, 7s.................................... ..
129*2
Ohio. St. P. & Minn.—1st,6 s .. 1918 132*8
50-year 5s, g .,.........................1937 104*a
Oregon A C alif or. i st, 5s, g 1927
St. Paul & 8 . 0 .—1st, 6s....... 1919 132*8
Pens. A A t.—1st, 6s, g o l d . ..1921 1 0 5 *g 106*2
T exas A New O rleanslst.7s.1905
QUo. * W. Ind.—1st, s. f., 6 s .1919 105
Collat. trust, 5s, g ................ 1931 105*4
Saoine D ivision, 1st, 6 s ... 1912 *98
Gen. g., 6s................................1932 *121*fl
L.AN . A M.AM.—1st,g.,4*281945 1 0 6 V
Consol. 5 s . g . .. . . . . . . . . . . . . 1943 102*4 104*2
Ohio. A West. Mioh.—5s......... 1921
Nash.Flor.AS.—1st, gu., 5 s .1937
A ustin A N. W.—1st,g u .g .5 s.l941
Oia. Ham. A D.—Con. s .f ., 7S.1905
So.A No. Ala., con. gu. g., 5S.1936
97*a
Southern—A la. Cent., I s t 6 s .l9 1 8
Ed, gold, 4 V s . . . . . .................. 1937
K entucky Central—4s, g _..19 87
88
Atl. A Char.—Inoom e, 6 s . .. 1900
Cin. D. A Ir’n—1st, gn. 5 s,g.l941 110*8
L. A N .—Lou.C.& L.—g. 4*as.l931 107
Colum. A Green.—1st, 5-6S.1916
City & Sub. (Balt.)—1st, g., 5s,1922
Lou.&Jeft. Bdge Co.—G u.g,4s. 1945
E. T enn.V . A G a .-D iv i8 .5 8 1 9 3 0
115
Olev.Ak. A Col.—Eq. & 2d 6s. 1930
L ouisville R y—1st, oon.,g.,5s. 1930
R ich.A Dan.—E q. s. f. g. 5s. 1909 100
Olev.&Can.—Tr.otfs.forlst5s. 1917
M exican Cent. Consol.—4s, g.1911
Deben. 5s, stam ped ..... .1 9 2 7 100 110
U.O. O. A St. L .—Gen., g. 4 s ..1993
1st, cons, inoom e 3s, g .....,1 9 3 9
Vir’ a Mid.—Serial ser.A , 6s. 1906
Cairo division, 4 s.................. 1939
2d cons, incom e 3s, g ......... 1939
Series B , 6 s . . . . . . . . . ........... 1911
Spring. ACol.Div.—1st,g. 4s. 1940
M ex.Internat.—1st,oon .g.,4s.l97 7
71
Series C, 6 s . . . ......................1916
71*2
whtteW.Val.Div.—1st, g. 4s. 1940 *92
M exioan National—1st, g., 6s. 1927
Series D, 4-5% . . . . . . . . . . . . . 1 9 2 1
Oin.Wab.AM.Div.—Ist,g.4s.l991
2d, incom e, 6s, “ A ” . . . . . . . . . 1 9 1 7
Series E , 5 s ........... .............1926
Cin. I. St. L. A O.—1st,g.,4s.l936 101*8 103
2d, inoom e, 6s, “ B ” . . . . . . „ . 1 9 l 7
Series F , 5 a .........................1931
Oonsol ,6 s ................
1920
M exioan N orthern—1st,g .,6 s .l9 l0
Gen., 5s, guar., stamped .1936 105
CIn.San. AC1.—Con.lst,g.5s, 1928 110
M ichigan Central—6 s......... ..1 9 0 9 120
Wash.O. AW.—1st onr.gn.4s.1924
82
ndiana B. A W.—1st pf.7s.1900
110
Coupon, 5s....... .........
1931 124
Sunbury A Lew is.—1st, g .,4 s .l9 3 6
Ohio Ind.AW.—lstprer. 5s.. 1938
M ortgage 4 s ....................
1940 107
Ter. A s’n o f St. L .—1st, 4*28.1939 *110
Peor. A East.—Inoome 4s ..1 9 90
20
Bat.C.AStrgis.—Ist,3 s,g .g u .l9 8 9
1st, oon. g. 5 s . ........1 8 9 4 -1 9 4 4 *106*2
O Col. Cin. A Ind.—1st, 7s,s.f.l899 105 105*2 Minn.& fct. L .—1st, g. 7 s .........1927 142
8t.L .M er.B r.T erm .,g.5s,gu..l930
Oonsol. sink, fund, 7s...........1914 135
Io w a E xtension, 1 st,7 s .....1 9 0 9
Terre Haute Eleo. R y —g ., 6 s .l9 1 4
Oin.ASpr.—lst,C .C .0.A I.7s.l901 no
Southwest E xt. -1 s t , 7s....... 1910
T ex. A P ac., E. D.—1st, g. 6s. 1905 110 111
Oleve. Lorain A Wh.—1st, 5 s .1933 103*4
P acific E x t.—I s 1,6s . . . . . . . . 1 9 2 1 *122*8
Third Avenue (N.Y).—1st 5s, 1937 122*2 124
Oleve A Mah. V.—Gold, 5 s ... 1938
M o .K .A T e x .—1st, ex t., 5s, g.19 44
T.AO.O.—K an .A M ., Mort. 4s,1990
85
81
Ool. Mid. 1st, g., 6s. asstd___ 1936
67
M o.K .A T .ofT ex .lst,gn .5 s.g .l9 4 2 *84V
67*2
Tol. Peo. A West.—1st, g., 4 s .1917 *73
75
Tr. ctfs., oon.,4s,2d ass’tpd.1940
Kansas C ity A P ., 1 st,4 s ,g ..1990 72
Ulster A D el.—1st, con.,6.,5a 192» 101 103 8»
Del. Lack. & West.— Mort. 7s. 1907
Dal. & W aoo—1st, 5 s ,g n ..,. 1940
U nion Elev., Chic.—1st, a. 5s. 1945 104 107
syra. Bing. & N. Y.—1st, 78.1906
130
M issouri P a c i f i c T r u s t 5 s .. .1917
Un. P ac.—6s,tr. reo. e x m at 0.1896
Morris A Essex—1st, 7 s ....1 9 1 4 141*8
l s t o o l l .,5 s , g ........................ 1920
6s. tr. reo. e x mat. c o u p ....1 8 9 7
Bonds, 7 s ..............
1900 106
St.L. A I. M.—2d ext. g., 5 s .1946 105
6s, tr. reo. e x mat. oon p___ 1898
7s of 1871............................ 1901 113
M obile A Ohio—1st ex t., 6 s ...19 27 . . . . . . 120
6s, tr. reo. ex mat. c o u p ....1 8 9 »
1 st, oon., gnar., 7s............ 1915 141
St. L. & Cairo—4 s ,g u a r .....1931
Oollatei-ai Truso, 6 s ... . . .. ..1 9 0 8 100
Warren—2d. 7 s ......................1900 109
Nash. Chat. A St. L .—2d, 6 s ..1901
Collateral Trust, 5 s...............1907
75
D.AH.Can.—Pa.Div.,ooup. 78.1917 146*2
N. O. A. No. E .—Pr. 1., g., 6 s ,.1915
Kansas Pacific—1st 6s, g ...l 8 9 5
A lb an y * Susq — 1st, gu.,7s. 1906 124
N . Y . Central.—Deb. g. 4 s ....1 9 0 5 104%
1st, 6s, g ............................ „ 1 8 9 6
1 st, cons., guar., 6s...........1906 116
N. J. Juno—Gnar. 1st, 4s. ..1 9 8 6 103
O. Br. U P. - F . 0., 7 s ...........1895
Revs. * Bar. 1st, 3onp., 7s. 1921 147
Beech Creek—1st, gold, 4 s ..1936 105
Atoh. Col. A P ac.—1st, 6 s... 1905
Denv. Tramway—Cons. 6s, g.1910
Osw. A Rom e—2d, 5 s,g .,g n .l9 1 5
U. P. Lin. A Cdl.—ls t ,g ., 5s. 1918
Metropol. Ry ~ ls t,g u . g.6s.l911
Utioa & Bl. R iv.—4s, g., gn.1922
Wabash—
Denv, * R. » — Iu p g .,5 s ...l9 2 8
N. Y. A Put.—1st, ft., 4s. gu.1993
92*2
Debenture, Ser. A ..............1 9 3 9
Des Moines Un.Ry.—Ist,g.5s.l917
N .Y. & N orthern—1st, 5s,g,1927 125 127
Debenture, Series B ......... ..1 9 3 9
29
27
Dat.M. * M.—L. g.
,s,ser.A,1911
18
17
N. Y. N. H. A H .—1st, rev, 48.1903
Det. A Ohio. E xt. 1st, 5s, g .1940
103
Det. & Mack.—1st lien, 4s,g.. 1995
Honsatonio—Cons, gold 5s.. 1937
St. L.K.C.AN.—St.C .B dge6s.l904s, gold ... . . . . . . . . . . . . . . . . . . . 1 9 9 5
15V
N .H av’n A D erby ,C on s.5s.l9 18
W est N .Y .A Pa.—Inoom e 5 s .. 1943
Erie-1 s t , ext. g. 4s.................. 1947 113
N. Y . Susq. A West,—2d, 4*as.l937
95
West. Va. C. A Pitts.—1st, 6 s .191 ’
■ ¿ extended, 5 s ....................1919 120 123*2
a
Term inal, 1st, v. 5 s ............ 1943
111*2 W heel.AL.E.—1st. 5s, g o ld ... 1926 101
3d, extended, 4 ]s s .,—........... 1923 114
Wilk.A East.—1st,gtd.,g.5s. 1942
W heeling Div., lBt, 5s, g ...l 9 2 8 "85
100*2
4th extended, 5 s . . . . . ........... 1920 120
Northern P acific—
Extension A Im p, g., 5s.....1 9 3 <
5th extended. 4 s . . . . . ........... 1928 105
St.Panl A N , P.—Gen.. 6 s ..19 23 128
7
Wis. C ent, in com e 5 » , ______.1 9 3 1
* N o prioe F riday ; these are th e latest qu otation s made this week.




THE CHRONICLE.

87 ti

[V o l. L X V i

A B S T It A C T IfU O t l I tB P O it'T S O F T H E ¡V A T I O * A L B I N K.S JtEADB T O T U B CO f lP C B O L t iE B D E C . 1 5 ; 1 8 9 7 »
Deposits.
1897.

Capital.

|S

Surplus.
Individual.

f M ain e..............
* N. Ham pshire.
£• V e rm o n t.........
jf B oston .............
S Mass., other ..
“ R hode Island,
g O on n ecticu t...
1 T otal D iv.N o.l
.

$
$
2,690,288
83 11.171.000
1,383,338
5.805.000
51
1,553,442
6.985.000
49
54 50.350.000 15,059,579
213 43,877,500 15,104,044
4,951,962
57 19,337,050
81 21,541,070. 7,846,948
588 159,166,020 48,589,601

New Y ork City
B rooklyn.........
3 A lb a n y ...........
2 N. Y ork, other
2 New J e r s e y ...
B P hiladelphia..
P itts b u rg .......
H Penna., o t h e r .
[ T otal Div.N o.2

i

48 48.600.000 42.917.000
2.270.000
1.352.000
5
1.390.000
1.550.000
6
10,948,269
267 31,667,940
8,23.^,500
103 14.445.000
41 21.915.000 14.743.000
9,700.200
30 12.300.000
354 40,808,840 21,171.862
854 172,638,7 »0 111,375,831

f D e la w a re ...
1 B a ltim o r e ..
¡g M aryland, oth.
2 W ashin gton ...
2 Dist. Col., oth.
M V irgin ia...........
| W est Virginia.
I T otal Div.N o.3

2,083,985
13,243,260
3,761,700
2.875.000
12
1
252,000
4,646,300
35
33
3.351.000
168 80,213,245

f N orth Carolina
I South Carolina
j Savannah___
Georgia, oth..
{ F lo r id a ..........
q Alabam a . . . .
9 M ississippi___
2 New O rleans..
3 Louisiana, oth.
8 H o u s to n .......
S T exas, other.
T Arkansas . . . .
{ Louisville .. .
j K entucky, oth.
I T ennessee..
t T otal D iv.N o.4

18

22

47

26
16
2
28
15
26
10
7

2,601,000
1.898.000
750.000
3.166.000
1.150.000
3.355.000
855.000
2.300.000
12
860.000
5
1.150.000
197 18,811,520
9
1.220.000
6
3,000,000
68
8,314,900
49
8,560,000
47 b 57,9x1,420

952,666
5,041,625
1,651.250
1,239,500
150,000
2,859.650
857,751
12,752,442
754,091
762,830
225.000
1,032,271
473,250
635,675
392,648
2,310,000
368,700
557,300
4,744,493
255,310
651.000
2,378,138
1,830,334
17,371,046

5,738,283
3.912,147
449,556
7,323,395
3,838,162
7,292,001
2,485,400
15,991,251
2,318,745
2.874,178
38.426,750
2,260,902
4,773,043
12.572,488
17,867,768
128,124,075

i

' D es M oines..
4
Iow a, o th e r ..
161
St.Paul&M inn
11
M innesota, oth
60
3 St. L o u is .........
6
| St.Jo.& Kan.C.
7
s Missouri, oth’r
50
• K a n sa s. . . .
104
11
to Omaha & Lino.
w Nebraska, oth.
92
North D akota.
26
South Dakota.
27
Total Div.N o.6 "559
f N e v a d a ______
82,000
1
• San Francisco.
3,000,000
3
9 California,oth.
4.875.000
30
g O regon...........
3.020.000
30
£ W ashington,.
4,238,000
35
7 T otal Div.N o.7
99 15,215,000
f Arizona
400.000
5
» C o lo r a d o ..,....
4.907.000
40
« I d a h o ......... .
600.000
10
• M o n ta n a ........
2.655.000
21
to New M e x ic o ..
600,000
6
• Oklah’a & I. T.
905,500
16
fl U ta h ................
1.750.000
11
5 W yom in g .......
860,000
11
. [ T otal D iv.N o.8 120 12,677,500

I

6,6 18,ooo
5,558,594
1,175,733
7,932,039
3,506,095
6 ,2 ll,9 S 9
2,590,454
11,959,304
2,650,851
2,136,700
38,396,716
2,284,696
7,345,043
17,172,094
2 »,776,562
136,90 *.9 8

lô o .i o à
151,479
87,739
48,417
98,016
100,000

50,000
346.355
53,512
499,030
715,850
24 J,897
2,543.4r.O

151,424
2,356,317

303,321
7,442,483
13,460,501
9,084,319
11,646,904
41,947,528

167,590
158,310
899,610
97,994
823,50-»

46.500
1,143,403
246,479
399,320
99.500
148,750
397,418
103,950
2,585,320

1,285,349
29,529,318
2,133,709
11,027,091
2,734,303
2,395,095
3,796,284
2,*>00,136
55,501,285

110,935
86,692
79,373
247,701
614,844
H7,i>80
245,297
1,502, 420

Silver
Treasury
certifie’ tes
$
129.591
118,442
53,873
3,121.215
790,526
189,b54
476,153
4,879,4 5

Leg. tend’ rs
< u S. cj.ts
6
deposits.
*
301,824
270,911
214,115
10.044,795
2 411,311
661,179
715,131
14,619,266

2 =>5,38=»
110,397
3,000
298,651
92,363
361.394
48.622
759,526
51,013
360,509
1,763,192
118,340
601,80
741,104
813.9 >0
6,4 »9,230

1.140
’ 20
3,000
1,780
70
38,400
50
122,92 J
138,790
67,790
4,980
5,000
18,540
112,130
5l4,6.iO

150,7
74,533
278,090
93,725
345,934
62,846
30,800
69,451
70,000
149,461 201,798
466,044
93,301
43,717
26 ,071
179,352
93,994
339,797
53,527
16,569
18 '>,266
127,645 850,666 2,003,647
84,994
126,506
88,479
109,670 171,229
859,577
1,031,349 511,571 2,497,136
32,235
137,179
65,679
39,783
430,150
119,637
99,295
442,954
243,62 » 344, 'HO
970,374
2,539,8 a[2,69a,9*7 9,414,725

8 9 ,5 6 / 3 8 i,4 o 6 2,562,847
32 s, loO
1,0 b 9 ,0 iO
117,824 123,560 1,069.744
239,670
28,768,289 1,479,692
530,691 373,341 3,362,055
134.430
67,810,452 3,761,116
405,399 317,702 1.5*9,255
145,830
32,649,596 3,507,430
36 >,558 2,402,482 17,579,940
90,558,03o 14,537,237 2,891,150
467,039 359,887 1,715,600
306,170
4=9,2.7,415 2,855,309
138,207 166,5*9
628,489
13,810
14,630,157 1,343,995
200,150 191,179
733,665
31,590
1,524,736
26,683,614
55,821 200.766 1,088,925
14,663,273 1,872,855
168,9 *9 153,251
59 x,300
24,460
1,428.410
19,954,203
368,372,141 3 3 ,3 -9 ,7 9 0 4,115,270 2,539,210 4,674.223 30,899,820
34,640
207,627
18,851
3,830
154,210
2,784,825
303,131 270,666
985,044
138,010
30,964,y81 1,524,634
266,311 207,405 1 .(5 7,486
8,990
22,760,947 2,748,904
120,972 110,063
475,859
14,400
959,804
14,202,120
55,578 966,485 5,366,336
239,440
31,338,4370 1,215,562
140,382 766,607 1,090,668
28,000
484,238
19,684,094
75,980
117,287
302,268
7,770
367,076
8,077,561
662,116
242,215
3 7 ,2 2 0
185,597
20,886, »46 1,050,610
911,957
179,588 181,633
31,480
1,012,982
11,915,878
50,396
348,051
102,066
1.500
580,541
12,408,043
331,299
34,727
34,421
1,260
219,568
4,364,031
15,258
216,762
47,7x7
2.500
287,930
3,398,751
514,460 1,614,388 2,883,008 11,955,473
182,836,572 10,606 059
ù20
346
3 ,1 1 6
32,445
276,003
24,360
9,564
90,963
8,536,789 3,178,813
72,491
45,051
185,094
19,850
11,368,523 2,065,900
23,518
32,555
84,270
40
6,181,568 1,679,107
288.872
126,892 109,725
18,740
7,629,492 2,118,051
404,302
203,000
4 X 0 ,3 3 5
38,630
33,992,375 9,074,316

l ,6 S 5 ,io 7

8,000
1,500,000
1,043,950
540,444
706,095
3,798,489

Silver.

2 3 ,3 7 2 ,2 1 2

2 0 ,9 8 1,234 1 ,1 /6 ,4 0 »
22,940,0o6
62,435
64,009,796
553,234
36,144,264
279,106
73,640,923
530,342
47,222,173 1,200,628
10,626,692
303,172
28,590,315
97,864
19,125,019
400,237
22.895,472
142,403
346,181.944 4,745.a26
26,965,573
17,432,672
16,431,606
21,434,019
13,310,194
8,324,081
19,6x6,553
9,435,137
10,634,303
5,848,113
4,178,408
15 5 ,3 /5 ,8 2 6

Gold
Gold and
gold O.H. Treasury
certificates certificates.
$
$
26,650
990,246
2,660
449,233
23,150
501,976
7,558,752 1,417,650
194,186
3,246,49»
101,520
677,483
363,990
1,959,432
15,383,616 2,129,700

61 0,84 s 4,689, »03 63,538,459
429,801,756, 78,o29,955 8,699,720
93,034 480,075 1,097,276
599,155
165,000
12,057,190
47,891
36,403
345,480
495,021
334,250
8,004,730
662.680 640,901 2.835,167
526,960
92,279,252 3,857,125
366,287 1,021,965 2,116,245
259,490
52,324,975 1,815,455
584,083 3,730,083 9,143,175
203,760
100,669,554 8,393,03i
276,186 801.035 2.023,311
416,930
46,549,889 3,351,802
949,554 l , 463, « « 5 3,728,414
398,140
113.104.473 5,698,672
804,791,819 1 0 2 ,4 0 2 6 6 11,004,250 3,590,063 128n3 i. 0 84,827,527
43,336
15.000
153,746
117,299
99,839
5.549.000
14 ,634 1.584.517 1,512,205
345,970
33,704,674 1,695,392
88,682 173,240
24,440
380,826
371.011
10,636,404
54,872 944,092
583,800
439,602
387,543
9,308,091
7.525
42.000
42,019
136,892
20,030
613,079
139,492 152.0*4
11,860
578.666
619,190
15j566,413
68,820 153,733
41,430
424,017
423.005
8.659.001
548,381 3,148,503 3,451,295
84,«'26,71S 3,808,129 1,064.500

365,899,775 28,569,498
199,965
17,586,016
50.000
6,057,848
460,987
92,647,829
275,493
57,887,647
299.492
111,454,152
203,472
41,502,740
303,715
117,859,591
810,895,598 30,3= 2,« 22
50,105
4,920,481
210,331
25,885,580
50,000
11,000,452
103,453
13,181,340
781,920
671,360
15,875,051
100,002
8,300,252
79,945,076 1,185,251

2,740.000
7,800,000
2,103,200
9.725.000
8,080,3 >7
27,869,100
4,568,178
13.792.000
8,264,900
19.500.000
6,630,332
17.786.000
605.000
3.300.000
2,637,018
8.645.000
575.000
3.250.000
1,814,569
6.910.000
118,677,10 ■ 38,018,504
221,000
800,000
2,815,245
12,181,600
1.346.000
8.300.000
1,026,776
4.865.000
1.710.000
8.400.000
584,000
2.650.000
735,310
3.765.000
1,396,539
8,599.100
360,500
4.550.000
1,101,191
5.875.000
323,300
1.595.000
305,600
1.695.000
63,275,700 11,925,461

C incinn ati___
C le v e la n d . . .
S Ohio, other ..
3
2 Indiana..........
S C h ica g o.........
s| Illinois, other
• D etroit...........
■ Miohig’n. other
* M ilw aukee___
gf W isconsin,oth.
I T otalD iv.N o.5

16,002,607
10,312,405
9,009,047
129,441,925
80,599,402
19,378,910
33,914,624
298,658,920

Loans < dis&
counts. (In cl’g
Other.
overdrafts.)
$
23,634,951
201,418
11,464,753
185,661
43.602
12.529,806
185,799 165.699.931
100,269 109.495.932
35,091,044
96,090
44,713,559
243,068
1,05 >,907 402,629.97*

182,204
487,374
41,872
525,000
155,594
366,690
446,159

929,596
19,212,436
1,187,868
7,639,272
1,740,608
1,906,040
2,841,543
1,933,352
37.3x0,715

414,798
49,558
92,369
182,461
139,060

136,572
4,136,320
222,174
640.718
126,930
46,685
686,377
201,463
6,197,239

93,600
580
1,000
1,500
" 6 ,4 1 0
103,090

12.037
197,455
19,537
84,279
37.038
53,377
36,529
22,440
462,692

216,659
24,932
103,502
8,500
21,391
24,171
6,416
405,571

Resources.

t
i
Mil’s: M il’s

........ 166* 430*
Loans>
T 19
B is fo r ciro,
1* 3 2
Oth.U. 8. bdB
7* 44*
Stks.bds. &c.
Duefr.bands 50* 42*
3* 1 6 B eal e s ta t e .
9* 87*
G.coin & ctfs
a*
5*
Sil.coin&ctfs
7- 35*
L.tend notes
3 <29*
U.S.ctfs.dep.
1*
1*
Nat.bk notes
Cl’r’gH .exch 10' 7 2 '
7*
1*
Oth. res’ces.
T o ta ls ...... 268* 8 1 9

Liabilities.
50- 4 9
Capital.........
8 orpins fund 15* 4 3 '
5* 18*
Dndi. profits
6* 1 6
C irculation..
Due t o dep’rs 130* 3 9 4
2
Due to banks 61* “ 88*
Other i.ab'8..
1* 11*
Totals..

. •ttt8* 8 1 9 - ‘2 3 2




|

i

j

I
4

j

|

{
i

I

<
1
è
fi
fi
Mil’s Mi Mil’s Mi Mil’s MU’s MU’s MiU’s.
9*3 1*2 152*0 2*1 7*3 523*4 528*8 9 0 6
1*3
*9 *2
*9 *1
• 5*6 1*4
9
1*3
*5 *1
*2
*7 52*6
7*2
1*9
*6 4 1
*8
1*1
*2 3*4 1 6 4*8 10*5 8*9 30*3
3*2
2
1*6
1
*7 •
*2
1*1 •
7 " *7
*9 *5
*6 1*4 1*7 17*4
1*0
2 8
3
1*0 •1 1*0 •
*2
5
• • 1*7 *9
4 1
*4 1*9 1*1 1 3 8
3*8
*3
7
1*6
• ■1
1
•
1
*1
3
63
52*0
•
2
*1
•
5
3
*2
*1
•
4
•
3
*2 1*3

•
3
*7
13*3

5
*2

• 2*3 1*1 3*0 7*8 9*7 1 9 5
7
8*3
*2 52*3 *6
• 52*7 52*1
6
2*3
•1
*4 •1
*6
*2 1*1
•1
*6
•1
•8
*8 4*9 1*3
• 16*0 52*9 5*3 5252*2 23*0 74*2
5
1 3 1 1*0 5*5 13*8 7*0 73*2
•
2
•1
8 1*0

19*1 1*9 .».VO 5 9 15*4 53*3 44*7 « 78*1

1
4

if

t

1* 4 »

j f

s
03
Mi. M il’s M il’s M il’s MU’s Mil’s M il’ns. MU'ns. MU’ n s.
2*8 22*8 31*4 19*7 11*9 8*5 1 ,0 9 8 1,002 2 .1 0 0
16 4 2 2 2
60
*4
*
8 *2
■ 2*1
6
•
3
16
60
44
*5
*
6 *6 *6 *2
•
1
*7
*7
*8
94
124
• 2 1 1*4
2
2 Ì8
* 8-7 12*8 8*8 3*8 re 2 6 0 2 6 6 5 2 6
8
*4
42
67
*9 1*1
*5 1*5
*2
109
59
* 2*8 1*5 •5 1*0 3 2 1 4 8
2
207
•
1
*4
*5 1*0
*9
20
25
*
1
45
*9
36
77
1*1
113
1-1 *2 1*1 3 8
46
1*6
46
12
*2
7
*3
•
3
*2
19
* 114
2
•
9
*6
4
• 1*0 1*3
1
118
*1
17
•
2
29
•
1
*2
*
1
*4
46
Sâ

5*1 41*4 59*2 34*6 22*5 15*2 2 ,0 3 2 1 ,7 9 7 3 ,8 4 9

1 9 1 1*9 525*0 5*9 15*4 i â i 44*7 178*1 26'3 '
2*9
1*2

if
oS
q

tal

"

^ C ities.

878,246
19,484. dOo |13,317.812131752596 158404875
3,607 629,655,365 246,416,688 1,916,63 ,252 43.951,233 2.100,350,318 187608645

T otal fo r Ü. B.'

TOTALS v o n
RESERVE
Cit ie s , A c.

46,925
1,757,514
64,077
593,774
119,484
149,990
28,789
71,914
2,832,467

3-3

8*4 2*6 4*5 3 0
*4 1*5
*6
6
*1
14
•
3
*3
*1
*4 1 9
•
4
*7
*1
*3
1*7 17*9 22*0 13*5 9*9 7*6
2*0 12*1 24*6 17 2 6*9 2*7
*8 8-3

• 1*8 17
2

231
116
38
51
988
592
16

399
630
130
246
57
95
143
194
9 7 2 1 ,9 6 0
87
679
9
25

5 1 41*4 5 9 21*44*6 22** 15*2 2 O H 1 .79 7 S. « 2 9

THE CHROMICLE.

F ebruary 19, 1898.J

Ittttts lm e td
AND

R oads .

377
L atest etross E arn ings.

Week o r Mo 1897-98.

1896-97.

Jan. 1 to L atest D a té,
1897-98.

1896-97.

g
tlnteroo. (Mex. Wk.Jan.29
70,200,
56,240
195,47a
Iow a C en tral.. lstw k Feb
33, >-06
32,736
147,668
Iron R a ilw a y .. J anuary.
3,498
3.695
3,695
Jack. T. A K. W Decem ber
30.637!
26,407
308,686
KanawhaAM iob 2d wk F eb
10,026
8,856
60,151
K.C .F.ScottA M lstw k Feb
91 ,299j
74,165
381,988
K.C.Mem. A B ir lstw k Feb,
30,496
24,031
133,922
Kan. O.N. W ... J a n u a ry ...
34,575
29,606
29,606
The following table shows the gross earnings o f every
Kan.City A Om lstw k Feb,
8,121
8,505
27,068
s t e a m railroad from which regular weekly or monthly returns
K.
C.Pitts. A G . Feb
2d w k
55,834
25,797
146,801
3an be obtained. The first tw o columns of figures give the Kan.C. Sub. Belt 2d w k Feb,
9,089
6,725
37,631
9.776
8,367
gross earnings for the latest week or month, and the last two Keokuk A West 4th wk Jan
27,193
L. E rie A W est 2d w k Feb.
69,398
66,927
382,729
columns the earnings for the period from January 1 to and Lehigh A H u d. J a n u a ry ...
30.407
25,502
25,502
including such latest week or month.
Lehigh Val. R R D ecem ber. 1,539,113 1,551,340
The returns o f the street railways are brought together sep­ Leh. V. Coal Co D ecem ber. 1,508,977 1,459,762
L ex ’gton&East. D ecem ber.
15,306
16.649
204,077
194,894
arately on a subsequent page.
L on glslan d RR, Ja n u a ry ... 2 2 «,498 19 ',6 7 0
226,498
195.670
Long Is. System January...
235,259 202,773
235,25o
202,773
Latest Gross E arnings.
Jan. 1 to Latest Date. Los Ang. Term
8,320
January...
4,738
8,320
4,738
R o ad s.
Louis.Ev.ASt.L. lstw k Feb.
28.408
25,471
146,429
123,503
Week o r Mo 1897-98. 1896-97. 1897-98.
1896-97.
Lou. H. A St. L. ls tw k Feb.
7,859
7,434
45,090
41,157
Loulav. ANash v lstw k Feb. 429,510 381,360 2,202,105 1,983,876
»
5,709
5,709
5,6. 7
5,667
A d iron da ck....... D ecem ber
23,343
207,979
17,7*0
196,545 M a c on A B irm . J a n u a ry...
M auistique___
10,640
10,123
10,640
10,123
A la. Gt. S outh.. lstw k Feb.
34,962
31,742
197,969
166.9 6 Memphis AChas J anuai y ...
28,970
18,559
Istw kF eb.
187,6&9
122,228
Ala. M id la n d . . . D ecem ber
68.799
694,722
57,246
640,356 tM exican Cent
Istw k F eb . 238,422 2 =-0,850 1,315,927 1,321,450
A la. N. O .Tex. A Pac. Jane
N. O r l.A N . E. January..
133,738 116,58*
133,738
116.588 M exican Inter’l, Septem b’r. 242.188 214,844 2,259,747 2,110,013
tMex. National
694,109
604,400
A la. A Vlcksb. January..
73,925
54,372
73.925
54,372 Mex. Northern 2d w k Feb. 119,057 106,674
39,036
3 6 ,»97
N ovem b’r.
537,177
662,008
V icks. Sh. & P J an u ary..
67,354
52.008
67,354
52,006
77,500
66,000
307,500
277,000
A llegh en y V a l.. D ecem ber
228,187 199,326 2,553,135 2,341.614 tM exican R ’ way Wk.Jan.29
19,04€
22.025
60,: 66
53,897
A nn A r b o r ......... 2d w k Feb
32,073
21,631
194.275
138,030 M exioan S o....... 4th wk Jan
34,149
34,518
206,382
A rk. M id la n d ... Decem ber
196,416
14,036
12,408
122,836
96,476 Minneap.&St.L. 2d w k Feb.
59,147
61,179
319,132
A toh.T . A S.Fe.e D ecem ber 3,609,110 3,107,619 34,859,820 31,142,871 M. St.P.&S.St.M. lstw k Feb.
254.693
A tlanta & Char. N ovem b’r
1 4 «,489 163,724 1,515.568 1,447,384 Mo. Kan. A Tex. 2d wk Feb. 213,355 217,775 1,438,122 1,408,310
A tl. K n ox.& No. January..
25,020
19,010
25,020
19,010 M o.Pac.&IronM 2d wk Feb. 438.000 403,00« 2,908,114 2,547,087
Central B r’oh 2 d w k Feb.
19.000
20 ,00 *
143,354
A tlanta A W. P. Decem ber
120,41558,603
5i>6,167
52,214
531,430
T ota l............ 2d wk Feb. 457.00
423,000 3,051,468 2,667,502
11,222
A tlan. A D a n v .. lstw k Feb
54,883
9,533
47 661
M obile & Birm.. 3d w k Jan.
10,934
7,69
36,488
A ustin A N’ west Decem ber
20,379
17,975
27,651
178,039
273.581
3r 2,200 322,7 8
<
372,200
B alt. A O h io___ January.. 2,017,851 1,950,844 2,017,851 1,950,844 M obile A O h io.. January..
322,798
Mont. A M ex. Gli Ja n u a ry... 127,865 101,414
127,865
101,414
Bal. A O . Sou’ w. 2d wk Feb
126,474 116,877
754 973
709.009
462,072
Bath A Ham ’ nds Decem ber
4,094
413,051
3,101
39,697
38,675 Nash.Ch.ASt.L. January... 462,072 413,051
13,114
7,718
B it . A A tla n tic. J an uary..
1,969
1,969
1,559
1,559 Nel. A Ft. Sh’p ’ a O c to b e r ...
Nevada Central.
4,447
3,004
37,757
Brnnsw ’ kAW est December
32.741
51,370
580,606
48.008
601,125 N. Y .C .& H .R ,, N ovem b’r.
January... 3,505,43* 3,139,943 3,505,435 3,139,943.
Buff. R ooh.& Piu 2d w k Feb.
66,479
58,932
402,757
368,303
65,724
57,546
389,890
Buffalo A Busq.. Decem ber
3 “ 0,750
55,183
626,899
47,236
540,295 N Y .O n t.& W .. 2d wk Feb.
Bur.O. Rap. A N. lstw k Feb
72,858
376,187
81,745
380,851 N .Y .S usq.A W .. D ecem ber. 229,953 203,815 2,266,232 2,271,567
Canadian Pacific 2d wk Feb
375.00
323,0o<> 2,433,000 1,967,924 N orfolk A W est Istw k F eb . 1*3,043 183,909 1,069, 29 1,016,815
7,933
60,019
Car. M idland.. January..
4,405
7,648
59.692
5,119
4,405.
5.119 Northes’n (G a .). N ovem b’r.
Cent, o f Georgia ls tw k Feb
112,381 117,470
62(5,786
626,101 N orth’n Central December. 586,440 520,120 6,732,703 6,286,602.
Central o f N. J . N ovem b’ r 1,154,651 1,148,621 11,635,16 11,634,355 North’n P acific Istw k F eb . 372,353 232,454 1,774,028 1,175,916
102 132
16,793
Central P acific Decem ber 1,141,951 945,61 14,173,604 12,453,953 Ohio R iv er......... 2d wk Feb.
14,121
96,318
15,635
15,635
Oharlest’ nA Sav December.
52,072
15,359
15,359
600,249
48,433
556.589 Ohio R iv. AC has January...
Ohio Riv. A L.E. Ja n u a ry ...
2.000
2,000
Char. A W. Car. Decem ber.
72,260
2,360
2,360«
44.9.25
67,889
O hes.& O h io .... 2d w k Feb, 242,478 193,927 1,336,764 1,306 103 Ohio S ou th ern .. Ja n u a ry...
67,889
44,925
80,962
13,887
Ohio. Bur. A O.a Decem ber. 3,476,546 2,955.052 39,890,256 34,176,454 Om.Kan. C. A E . lstw k Feb.
11,580
57,567
Chic. A East. 111. 2d wk Feb,
74,461
6< 6,762
>
85,668
372,206
52 v ,767
82,555
507,836 O reg.R R .A N av. ls tw k Feb. 147,456
Ohio. Gt. W est’u 2d wk Feb, 102,002 100,07
565.779
514,439 Oreg. Sh. L in e.. Deoem ber. 531,082 4 7 ò,°9 1 5,9 69,"08 5,578,873Chic. Ind. & L .. lstw k Feb.
52,161
49,742 . 27*,492
242,178 Pac. Coast R y .. D ecem ber. 349,8->7 2 ,(>.946 3,978,173 3,238,239
Ohio. Mil. A St. P. 2d wkFeb.
592,888 512,884 3,524,660 3,051,465 Pacific Mail....... D ecem ber. 327,076 3 -8 ,5 8 0 4.179,483 3,968,503,.
Ohio. A N ’thw ’n D ecem ber. 2,675,108 2,385,178 33,474,068 32,115,897 Pennsylvania. 5 D ecem ber. 5,617,804 5 .1 9 2 ,'0 4 64,223,176 62,096 576
Chlo.Peo.ASt.JL. January...
76.000
18,0»7
19,255
107,730
111,309
76.000
63,861
63,861 ' P eonaD eo.A E v. 2d wk Feb.
44,047
Ohio. Jtt'k I .A P .. J au uary... ,238,438 1,020,807 1,238,458 1,020,807 Petersburg......... D ecem ber.
583.948
549,845
40,907
496.164 476.596 4,255,057 4,161,177
Chlo.St.P.M.AO N ovem b’r. 992,671 751,464 7,925,447 7,496,236 Phlla. A E rie.... N ovem b’r.
Ohic.Ter.Tr. RR. 2d w k Feb.
22,619
135,010
19.366
142,736 Phila. A Read... D ecem ber. 1,947.586 1.739 241, 21,313,422 21.034,368
Coal A Ir.C o.. Decem ber. 2 024 988 1 770,699 22.448,533 22,737,4 J l
Chic. A W. Mich. ls tw k Feb.
21,523
129 677
26.645
120,937
Tot. both Co’s, D ecem ber. 3,972.574 3,509,940 43.761.955 43,771,789
Choc. Ok. A Gulf 4th wk J an
26.000
92.000
18,000
57, <00
Ph. Read. A N .E D ecem ber.
C ln.G .APorts’ tb Ja n u a ry...
4,500
57 952
55,127
664,836
4 ,r 00
4,184
687.417
4.184
Oin. N.O. A T. P J a n u a ry... 333,340 263,283
333,340
263,283 Phil. W ilm . A B, D ecem ber. 744.903 675,803 8,942,149 8,881.721
C ln.Ports.A Vir. 4tu w k Jan
6,277
20,087
5,038
17,597 Pitts. C.C.ASLL. January.. 1,314,5 5 1,084,420 1,314,595 1,084,420
Clev.Gan. a S o.. I stw k F e b ,
4,187
3,796
4,187
11,415
3,796
65,467
10.645
52,369 Pitts.Lisb.A W ’n January..
d.O in.O h .A S t.L lstw k Feb. 269,617 246,365 1,371,644 1,303,085 Pitts. B es.A L .fi J a n u a ry...
62 655
33,115
62.655
33.115Pittsb. A Wes’ n. 2d wk Feb
Peo. A East’ n J a n u a ry... 1 *7,048 125,407
150,699
2 5 ,7 11
24,649
151,067
147,048
125,407
Pitts. Cl. ATol, 2d wk Feb.
Cl. Lor. a Wheel. 2d wk Feb.
13,430
15,969
28,696
90.463
70 ,656
181.779
21,600
128,252
Pitts. Pa. A F . 2d wk Feb.
Col. M idland___ Ja n u a ry ... 145,664 128,708
3,359
4,473
20.033
17,603145*664
128,708
T otal system .. 2d wk Feb,
OoL H .V .A T o l, January*.. 211,606 178,097
42,552
45,039
261,195
239,326
211,606
178,097
Ool. Sand’y A H, 2dwk Jan.
17,950
6 ',892 1,462,757 1.383,101
32,680
15,943
28,526 Pitt. Young. A A . D ecem ber. 113,150
C olusa A L ak e.. J a n u a ry...
1,700
52.634
64,487
697,986
1,700
695.094
1,250
1,250 R ich.Fr’ksb AP. D ecem ber.
Crystal . .
24,672
803
25,958
335,137
13,207
565
Decem ber.
338,074
10,782 R ich .A P etersb. D eoem ber.
Gnmb'l’ d Valley N ovem b’r.
37,459
26,355
69.538
757,329
60,734
756,002 R io Grande Jet N ovem b’r.
l>env. A R io Gr 2d wk Feb. 187,100 108,700
6,504
44,210
5,496
31,791,
907,100
697,700 Rio Gr. South’n. Istw k F eb .
Dee M. A Kan.C 1th wk Jan
4,353
49,700
319.400
35,900
13,679
12,140 Rio Gr*de West. 2d w k Feb.
23 ,4 5 0 .
8,736
D es.M .N . A W .. Janua y ...
24,252
145.822
34,8 6
27,097
3 « ,876
136,569
28.367
28.367 St.Jos. A Gr. I ... 2d w k Feb.
D et. G.Rap.AW . ls tw k Feb.
19,120
24,113
27.500
27,500
112,450
24,113
19,896
100,510 St.L. Oh. A St. P. January...
St.L.K en’ etASo. Ja n u a ry ...
Det. A L im a No. 2d wk Feb.
8,194
6,747
6.747
5,905
53,503
5,905
St.L. A San Fran. ls tw k Feb. 115,042
D ot. A Mackinac D ecem ber.
29,615
609,926
98,409
464.232
523,725
400,812
23,959
D uluth A Ir. R . D ecem ber.
585,200
90,600
2,644,539 1,973,846 8t.L. Southwest. lstw k Feb. 111,300
481.339«
DoluthS.B.AAti. lstw k Feb.
24,889
97,920
97,920
90 737
139,017
21,761
90,737119,294 St. Paul A D u l.. J a n u a ry...
E lgin J oLAEaat. Ja n u a ry ... 116,715
116,715
76,029
76,029 Sau Ant. A A. P . D ecem ber. 190,375 2 1 8 ,2 .3 2,051,806 2,1 1 7 ,2 8 8
E r ie ..................... D ecem ber. 2,793,235 2,535,612 33,13-y 72 31,331,926 San Fran. A N.P. Ja n u a ry ...
58,139
58,139
45,040
45.040
E ureka Springs. D ecem ber.
3,90;
14,826
5 ,154
16.8111
45,523
5,591
61,262 S.Fe Pres. A Ph. 4th w k Jan
62,788
Evans. A ln d ’plis 2d wk Feb.
5,700
323,892 298 988 3,436.357 3,417,477
32,143
4,*85
28,679 Sav. F la.A W est Decem ber
E v a n s v .A T . H. 2d wk Feb.
22,172
9,799
31,182
9,249!
133,331
27,262
18,500
122,174 8her.Shrev.A8o, 4th w k Jan
F itchburg.......... D ecem ber. 618,834 585,027 7,305,825 7,285,902 SU.Snrs.O. A G D ecem ber
15,762
14.172
191,249
188,264
F lint. A P.Marq. Istw k F eb.
46,939
5,564
3,844
278,14
52,067
254,530 S ilv e rto n .......... D ecem ber
F la.C en t.A P en . lstw k Dec.
46,009
25,5*9
18,694
279.161
224,256
39,923 2,212.381 1,975,511 S ioux C. A N or. Deoem ber
Ft. W’thA D en.0. 1th wk Jan
30,862
1,606
1,606
1.334
112,692
1,334
19,101
83,334 So.H avenA E ast J a n u a ry...
Ft. W. A R io G r. lstw k Feb,
8,694
47,485
4,791
31,232 So. Pacific Co.
Gads. A Att. U. J a n u a ry...
Gal.H ar.A S.A D ecem ber
663
466,510 412,934! 4,477,092 5,056.122
683
687
687
G eorgia R R ___ _ Istw kF eb,
Louis’ a. West. D ecem ber
105,920 108,886,
35,570
907.931
940,777
179,352
31.790
176,921
G eorgia a A la .. lstw k Feb.
M organ’sLAT D ecem ber. 681,102 643,287 5,173,879 5,340.183
20,324
128,952
16,728
104,806
N .Y .T . A M ex D ecem ber.
Ga.Oar’ la A No. N ovem b’r .
31 572
39,535'
348.772
298 998
83,706
815,237
83,489
771,146
T ex. A N . OrL. Deoem ber. 140,958 158,582 1,442,229 1,395,967
Geo. So. A F la .. J a n u a ry ...
80,342
80,342
79,652
79,652
AtL P rop ’tes.0 D ecem ber. 1,459,123 1,389,794 12.578.435 13 .'¿62,746
Gr. Rap. A In d .. 1B t w k Feb.
26,145
173,970
34,459
166,069
P acific system Deoem ber. 2,998 392 2,519,779 34,647 175 31.638 69 6
Cin.R. A Pt.W. l s t w k Feb.
6,5a6
38,187
7,306
36,3 >1
Total o f all.,1 Deoember. 4,812 331 4,324,260 50,890.142 48.646,103
T raverse City. l s t w k Feb.
3,82(5
454
3,506
958
Mus. G. R. A I . lstw k Feb.
So. Pac. o f Cal. D ecem ber. 919,494 774.858 10,275 550 9 857.848
1,976
12,201
2,65:4
9,864
So.Pao.ofA riz. Deoem ber. 272,491 223.884 2 579.351 2 284,682
T ot. all lines l s t w k Feb.
35,171
228,184
45,382
215.790
Gr.Tr'nk Syst’ in lstw k Feb. 395,785 373,174 2,312,117 2,012,788
So.Pao.ofN.M . D ecem ber. 130,622 1 Î4 754 1.336.421 1,156,618
N orthern R y .. D eoem ber. 192,617 171.832 2,276.598 2 ,2 « 2 839
Ohio. A Gr. Tr. 4th wk Deo. 103,703 103,600 3,083,327 3,150,996
D et.G r.H .A M . 4tbwkDee.
31,623
988,785
9 5 8 ,1 2 i Southern R y .... lstw k Feb. 408,206 371.579, 2,007,740 1,937,542
34,196
Cin.Sag.AM ao 4thwkDeo.
4,384
696 910
123,604
43U.759
3,632
127,108 Spok.F’ls A N or. D ecem ber.
ToLS. A Musk. 4thwkDeo.
" *i",460
34 997
3,147
40.023
111,509
"* r ,io 2
83,829 StonyCl. A C.Mt. D ecem ber,
3,024
G rea INorth’ n—
Texas C entral.. ls tw k Feb.
39,291
8.523
4 .-7 1
23,584
St. P .M . A M. J a n u a ry... 1,087,784 788,423 1,087,784
986.782
788,423 Texas A Pacific. 2d w k Feb. 154.825 123,207
858,326
E ast o f M inn.. Ja n u a ry... 104,947
94,872 T ex. 8.V .A N.W. Septemb’ r.
4,569
94,872
104,947
3,597
MontanaOent. Ja n u a ry... 173,683 148,121
148,121 Tol. A Ohio Cent. 2d w k Feb.
29,288
25,9 4
173,683
200,930
188,655
Tot. system . Ja n u a ry... 1,366,414 1,031,416 1,366.414 1,031.416 T oL P . A W est.. lstw k Feb.
96 790
92,073
20,8o9
21,259
G ’lfB ’ mntAK.C. Ja n u a ry...
8,142
10,014
8,1*2 Tol. St. L. A K.C. 2d w k Feb.
10,014
41,644!
235,730
38,095
246,740
G u lf A Chicago. J anuary...
3,471
4,414
4,414
3,471 Union P a c if ic H oos.Tun. A wil. Ja n u a ry...
Union P. R R .. D ecem ber. 1,441,062 1,175,593 16,444,892 14,382,291
2,879
3,300
2,879
3,300
Homs. A Tex.Oen Deoember. 354,817 414,688 3,634.534 3,756,867
A ch.C ol.A P. >
33.6221 514,208
43.548
335,087
Illin ois Central! January... 12303898 t 1898262 t2,303,898 11,898,262
A oh.J.C .A W J D ecem ber.
Cent Hranch 2d w k Feb.
Ind. Dec. A West. N ovem b’r.
419,096
19,000
36,591
429,865
20 .0001 143,354
36,017
120,415
Ind . 111. A Iowa. Decem ber.
65,094
CeiuBr.AL’dL D ecem ber.
747,181
758,488
97,316
70,889
83,836 1,126,871
781,008
In .A G t.N o rtk ’ n 1 w k F e b .
2d
407,992
73,253
Gr’d t o t a l... D ecem ber. 1,728,687 1,402,977 19,420,983 16,490,510
460,393
72,956

R a ilr o a d lìt M I ig m c « .

RAILROAD EARNINGS.




$
253,600
164,570
3,498
304,492
61,171
4 3 7," 65
162,381
34,5" 5
31,148
380,053
53,223
32,684
410,739
30,407

378

IHE CHRONICLE.
L atest Gross E arnings.

Jan. 1 to Latest Date.

R o ad s.

Week o r Mo 1897-98.
U n .P .D e n .* G ..
W abash..............
W aco A N orthw.
W. Jersey& 8ea’e
W .V.Cen &Pitts
W estV a .* Pitts.
W estern o f A la.
W est. N .Y .& Pa.
W heel. & L. Erie
W isconsin Cent.
W rightsv.& Ten.
Y ork Southern.

4th wk Jan
2d w k Feb.
D ecem ber.
D ecem ber.
D ecem ber.
N ovem b’r .
Decem ber.
4th wk Jan
2d wk Feb.
2dw kF eb.
December.
D ecem ber.

$
77,949
24 ",5 97
17,717
163,574
98,306
31.644
61,706
61,400
23,191
89,660
7,693
5,734

1896-97.

1897-98.

$
$
308.175
64.296
210,589 1,420, '48
224,741
35,081
152,818 2,5 0,94
93,387 1,137,553
361.503
31,067
601,076
60,976
229.200
51,800
167,973
17,'*38
74,983
516,457
88,361
8,249
5.552
70,129

1896-97.
$
248.247
1,259,0 " A
’
278,579
2,554,92
1,162,612
357.893
593,128
205.994
109.550
414,284
92,999
68,838

[V o l . L X V I.

The following will furnish a comparison of the weekly
results for a series o f weeks past.
WEEKLY GROSS EARNINGS.

Period and num ber o f
roads included.
J a n .—1st w eek (80 r’ ds).
“
2d week (35 r’ ds).
“
3d w eek (33 r’ ds).
“
4th week (30 r’ ds).
Feb.— 1st w eek (76 r’ ds).
“
2d w eek (35 r’ ds).

1898.
$
6.762,436
7,472,377
7,257,227
9,709,591
7,035,816
3,672,769

1897.
$
5,717,108
6,452,014
6,408,135
8,433,303
6,358.931
3,238,803

Changes.--------- ,
Am ount.
$
P . et.
1,045,3 8 Ino. 18*28
1,020,363 too. 15 81
. 849.092 Ino. 13*25
1,276,288 Inc. 15-13
6 76,913 In c. 10-64
433,966 Ino. 13-40

—

Net Earnings Monthly to Latest Dates.—The table follow ­
ing shows the gross and net earnings o f S t e a m railroais
a These figures include results on leased lines, b Includes earnings reported this week. A full detailed statement, including all
from ferries, etc., n ot given separately. { M exi 3an currency, d In­ roads from which monthly returns can be obtained, is given
clu d es operations o f the Chic. B urlington & Northern in botn years. once a month in these oolumns, and the latest statement o f
§ C overs results o f lines d irectly operated east o f Pittsburg.
t Includes Chesapeake & Ohio So’ western, Ohio V alley and Chicago this kind will be found in the C h r o n i c l e o f January 8*3, 1898,
The next will appear in the issue o f February 26, 1898.
a n d T exas fo r 1898 but not fo r 1897.
e Figures from Ju ly 1 include results on A T. & 8. Fe, G u lf Col. &
8. Fe, 8. Fe Pacific (old A tlantic & Pacific» and 8o. Cal. By. Results
on Sonora Ry. and New M exico & A rizona R y., form erly included, are
excluded after Ju lv 1.

,-----Gross E arn ings.— >^
1897-8.
1896-7.
1897-8.
1896-7.
$
$
$
26,147
Ann A rbor....... .......... Deo.
124,126
114,148
Jan. 1 to Deo. 31....... 1,314.189 1.170,751
416,219
Latest Gross Earnings by Weeks.—The latest weekly earnB altim ore & Ohio. b.. Deo. 2,404,410 2,177,854
701,905
55 0,38 6
Ings in the foregoing are separately summed up as follows:
Jan. I to Deo. 31____26,100,L44 24,935,972 6,085.910 6.0 5 9 .3 0 0
July 1 to Deo. 31....... 14,031,374 13,513,351 3,900,064 3,3 84,8 16
For the second week of February our preliminary statement
gor
covers 35 roads, and shows 13‘40 per oent increase in the B an Oon. &1 A roostook—
to Dec. 3 1.......
207,002
203,256
91,803
85 .430
Jan. 1 to Deo. 31.......
775,633
719,717
305,420
27 9,94 4
aggregate over the same week last year.
53.222
Chio. Ind. & L o u is....D e c .
255,567
247,092
8 1,467
Ju ly l to Deo. 31....... 1,783.36 2 1,485,467
556,792
461,255
Increase. Decrease.
2d week o f F ebruary.
1898.
1897.
Oin. N.O.& T ex.P ao.aJan.
332,835
263,283
101,159
91 ,023
754,326
Ju ly 1 to Jau. 31 . . . . 2,272,217 1,984,552
58 8,85 4
$
8
$
10,442
2*1,631
3 ’ ,073
C olorado M idland., ..D ec.
166,819
141,173
43.222
32.431
9. »97
116,877
—
126,474
Balt. & Ohio S ou th w est..
Jan. I to Deo. 31....... 1,757,371 1,8 24,017
411,811
414,206
7,547
58,932
66,479
232,442
Ju ly 1 to Deo. 3 1 .....
962,229
376,403
156,007
. . . . ... .
52,000
323,000
375,000
Canadian P a c ific ...........
D elaw are & H udson Canal—
48,551
193 927
242,478
R enns. & Saratoga b—
3,113
82.555
85,668
Chicago & East. Illinois.
.............
264,332
24 6,42 9
Oot. 1 to Deo. 3 1 .....
591,656
560,599
1,932
10 0 ,0 -0
1« 2,Oi>2
Jan. 1 to Deo. 31....... 2,436,820 2,303,884
917,101
8 2 7 ,5 3 6
80,004
512Í884
592,888
Chicago Milw. & St. Paul
N. Y . & Canada b —
3,253
22,619
19,366
Chic. Term. Transfer ..
91,517
10 7,39 7
Oot. 1 to Deo. 31.......
230,424
22"»,088
7,096
.......
21,600
28,696
Dlev. Lorain & Wheel’g ..
313,140
328,263
Jan. 1 to Deo. 31.......
954,066
920,940
28,400
108.700
137,100
D e n v e r * Rio G ran d e...
1,315
4,385
5,700
E vansv. * Indianapolis.
A lban y & S u sq .b —
3,672
18,500
22,172
6 3 9 ,9 9 1
E vansv. & Terre H äute..
683,293
Oot. 1 to D io. 31....... 1,179,266 1,131,549
........
297
72,956
73,253
International & Gt. No..
Jan. 1 to Deo. 3 1 ..... 4,055,804 4,169,412 1,906.099 1,8 34.6 47
1,170
........
8,856
10,026
K anaw ba & M ich ig a n ....
240,299
1 3 6 ,5 4 4
165,389
Edison El. n . C o.,N .Y .Jan ,
298,307
. ..» . . . .
25,797
30,037
55,834
Kan. C ity Pittsb. & G ulf
. . . . ...a
14,168
14.473
......... .
2,361
. . . . ••• G rand Rap. Gas* L. Co. Jan.
6.725
9,089
KaD. C ity S a b ,B e l t ......
2,471
66,927
69,398
Lake E rie * W estern.......
2,159
2,242
Jackson Gas C o ......J a n ,
........
12,383
106,674
119,057
19,420
21,41.9
Mar. 1 to Jan. 3 1 . . . . .
........
369
34,149
M inneapolis & St. Louis.
34,518
135.087
287,026
15 8,176
4,420 Lake Erie & W est.b..D eo. 313,398
213,355
217,775
Jan. 1 to Deo. 3 1 ..... 3,419,396 3,344,273 1,463,283 1,4 37,016
35,000
403,000
4 3 «, 000
Mo. Pacific & I r . 'i M t . . .
394,649
1,000 Mo. Kansas & Texas.Deo. 1,181,353
20,000
19.000
2,732.293
.... ...
July 1 to Deo. 3 1 ..... 7,044.473
57,546
8,178
65,724
N. Y . O ntario & Western
2,672
14,121
16,793
138,0 52
143,241
413,051
Nash. Ch. A St. L .b ..J a n .
462,072
19,255
1,168
18,087
P eoria D ec. & E v a n s v ...
Ju ly 1 to Jan. 31. . . . 3,372,901 2,979,070 1,207,645 1,1 43.4 49
‘ *2*487
42,552
45,039
22,237
24.756
78,073
79,533
35 ,90"
. . . . ,- , Ohio R i v er. b . . . ....... Deo.
49.700
13,800
R io Grande W estern-----323,746
34 L,900
968,671
Jan. 1 to Dec. 3 1 .....
965,197
...........
2,845
24,252
27,097
St. Joseph * Gd. Island..
40 7 47
73,452
256,946
Pacific Coast Co . . . . Deo.
349,857
154,825
... .
31,618
123.207
T exas & P a c ific................
399,495
8 37,039
Jan. 1 to Deo. 31. . . . 3,978,173 3,231,239
3,364
25,924
. . . . ....
T oledo & Ohio C entral..
29,288
41,644
3,549 Pitts. O. C. & St L .. .Jan. 1,314,595 1,034,420
38,095
Tol. St. L. & Kan. C ity..
378,33 3
330,473
30.008
240.597
210,589
16,018
21,956
8t. Paul Gas Lt. C o . . . Tan...................
6,453
23,491
17,038
W heeling & Lake E rid ...
27,934
35,693
52,426
Santa Fe P res.* P h..D eo,
64,269
89,660
74,983
14,677
W isconsin C en tral....*...
157,518
306,654
Ju ly 1 to Deo. 31. . . .
366,652
204,671
450,609
16,643 San Fr. * N . P ao....... J a n .
6,1 12
T otal (35 r o a d s )....... . 3,672,769 3,238,803
16,816
45,040
58,139
162.456
221,303
447,506
.............
July 1 to Jan. 3 1 . . . . .
529,170
433.966
Net increase (13-40 p. o.)
69,579
57,933
Coal & R R .,.Ja n
........
For the first week o f February our final statement cover Tenn. eoria I.& W est..Jan ..
15,126
21,433
71,204
lo i. P
75,531
131,930
168,071
533,396
76 roads, and shows 10*64 per oent increase in the aggregate
Ju ly 1 to Jan. 3 1 . . . . .
596,015
98,154
138,631
Ha. P . D. & G u lf.b ...D e o . 339,175
272,591
over the same week last year.
763,851
Jan. 1 to Deo. 31....... 3,554,577 3,101,716 1,050,775
W estern Gas Co.—
Increase.
Decrease.
1 st week o f F ebruary.
1898.
1897.
52,313
52.896
Milwaukee Gas-L.Oo.Jan. . . . . . . . .
........
m
$
$
*
a Net earuings here g iven are after deduoting taxeä.
324,320
69,442
P reviously rep ’d (38 r’ ds) 3,961,583 3,706,705
b Net earnings here giv en are before deduoting ta ses.
3,220
31,742
A labam a Gt. Southern...
34,962
11,222
1,689
A tlantic & D a n v ille ......
9.533
Interest Charges and Surplus.—The follow ing roads, in
8,887
Bari. Ced. Ran. & North.
81,745
72,858
Central o f G eorgia...........
1 1 2 ,3 8 1
117,470
5.089 addition to their gross and aeo earaiags givea ia the fore­
Chic. Ind’plis & *t. L. ...
49,742
52,161
2,419
going, also report charges f ir iaterest, 3bo., with the surplus
Chicago & W. M ichigan..
26,645
5,122 or deficit above or below those charges.
21,523
11,415
770
Cleve. Canton & South’ n.
10,645
C
,-----in t., Renta \s, (É .— * >-Bal. o f If et E a rn 'gs.—.
. „ „„
23,252
Olev Oin. Ohio. & 8t,. L ..
269,617
246.365
1896-7.
1897-8.
1896 7.
1897-8.
19,120
776
D et. Gd. Rapids & W est.
19,896
$
8
$
Roads.
$
D nluth So. Shore * Atl
3,128
24,839
21,761
F lint & Pere Marquette .
46,939
52,067
5,128 B angor & A roostook —
8,694
3,903
19,717
4,791
F t. W orth & Rio G r.........
19,404
65,713
Oot. 1 to Deo. 3 1 . . . . .
72,399
3,78 •
G eorgia...............................
35,570
31.790
83,131 daf.21,618
1,336
Ohio. Indlauap. & L .D eo.
79,840
G eorgia * A labam a— ..
20,324
3,596
16.728
509,837
79 ,014 d ef.48 .632
July 1 to Deo. 3 1 . . . . .
477,778
26,145
34,459
Grand R a p id s * In d ia n a
8,314
74,624
92,828
60.463
60,348
........
L. E rie & W est’n ...... Dec.
6,596
Cincinnati R . * F t. W ..
7,306
710
726,389
741,847
700,627
Jan. 1 to Deo. 3 1 .......
721,636
454
958
504
T raverse C ity..........
Musk. Gr. Rap. * In d .
1,976
2,659
683 Mo. K an sas & Texas.Deo. 285,566
109,083
G rand T runk..................5
1,018,661
J uly 1 to Deo. 3 1 ..... 1,713,612
Chicago &Gr’d Truna >
373,174
395,785
22,611
12,171
21,672
125,881
Nashv.Chat. * 8t. L ..J a n .
126,589
D et. G r.H av. & M ilw .)
272,182
310,405
876,267
Ju ly 1 to Jan. 3 1 .......
897,240
91.299
17,134
74,165
Kan. C ity F t. S. * Mem.
3 1 ,9 3 4
130,718
___ ___
298,194
30,496
Pitts. O. C. & St. L ...J a n .
247,615
24,031
6,465
Kan. C. Mem. & B irm ___
8,121
8,505
........
384 San Fran. & No. Pao. Jan.
Kansas City & O m ah a. . .
19,104 d ef 2.183 def.12,992
19,004
7,859
7,434
425
L ouisville Hend.& St. L ..
28,423
88,280
133,723
J u ly 1 to Jan. 3L. . . .
133,028
381,360
429,5 lO
43,150
L ouisville * N ash v ille ...
10,161
21,830
47,777
Tenn. Coal I. & R R .„J a n ,
47,749
28.970
18,559
10,411
M emphis & Charleston .
def. 8 90 d ef.7,5 47
22,673
_______
22,373
59,147
6L.179
2,032 T ol. P eoria & W est.,.Jan .
Minn. St. P. & Ste. S. M..
11,462 d ef.29,703
161,633
Ju ly 1 to Jan. 3 1 , . . . .
156,609
139,899
372,353
232,454
Northern P acific-----. . . . .
13,887
11,580
2,307
Om aha Kan. C. * E ast...
SL'REET l i U L W l i S ItfD TRA.CTit)V C 9 ttPAJiIES.
74,461
147,456
72,995
Oregon RR. & N av...........
6,504
5,496
1,008
R io Grande Southern—
The following table shows the gross earaiags for the latest
13.800
- __r.
41,700
27,900
Rio G rande W estern.......
period of all s t r e e t rail v a y s from whioh we are able to ob­
115,042
16,633
93,409
St. Louis & San F r a n ....
20,7'»0
90,600
111,300
. . . . . . . . tain weekly or monthly returns. The arrangement o f the
Bt. Louis S outhw estern..
403,206
371,579
36.627
Southern R a i l w a y .......
table is the same as that for the steam roads—that is, the
4,171
4,352
8,523
T exas C en tral................ .
first tw o ooiamas o f figures give tue gross earaiags for the
39"
21,259
20,869
T oledo P eoria & West’n ..
T otal (76 r o a d s). . . . . . . .
Net Increase (10-64 p .e.).




7,035,846

6,358,933

783,984
676,913

107,071
..............

R oa d s.

latest week or mouth, aad the last tw o columns the earaiags
for the calendar year from January 1 to and including suoh
latest week or month.

F ebruary 19, 1898,J

THE CHRONICLE.

STRE E T R A IL W A Y S A N D T RACTION COM PANIES.
Latest Gross Earnings.
G ro ss
E a r r in g s .

Week o r Mo 1897-8. 1896-7,

Jan. 1 to Latest Date.
1897-8.

1896-7.

A kron B e d fd & Clev. J a n u a ry...
5.550
5 > 5 ’i
6
5 655
5,550
Am sterdam St. R y ... D ecem ber
3,982
4,596
49 874
49 176
A tlanta R a ilw a y ,.... D ecem ber.
6,624
6,117
89,161
86,082
A tla n tic Coast E le c .. O c to b e r...
6,282
7,721
A tl. H ighl’ ds R ed B ’k
2,103
& IioagB r. E leo.R y. N ovem b’r.
2,863
38,582
Baltim ore Con. R y.*... J a n u a ry ... 167,526 159.292 167.526 159.292
1.311
B ath St. R y. (Maine). Ja n u a ry ...
1,306
1.306
1.311
B ay Cities C onsol___Ja n u a ry ...
6.2 3
6,336
6, 53
6,3 <6
Binghamton St. R y ... Ja n u a ry... 11,102 10,029,
11 ’ 02
10.029
B ridgeport T raction. Ja n u a ry... 26,*98 22,603
26.898
22,606
B rockton Con. St. Ky. Di-cember. 2 6 90-1 17 3 6 341,832 311.298
B rooklyn E le v a te d .. J a n u a ry... 98.000 89,000
98.000
89,000
B r’ kiyn Rap. Tr. Co.—
B rooklyn H eigh ts) raT,.ia_ „
B ’klyn Q’ ne & Sub. I J a n u a ry... 414,810 392.286 414,810 392,286
Calumet E le ctric....... D ecem ber.
14.892
Charleston C ity R y .. Ja n u a ry... 11,773
ï i ’,773
Ci tizen s’ St. R y ., i mi d. D ecem ber. 87,650 77.378
4,390
d t i z ’ns’ (M uncieInd.) J a n u a ry ...
5,418
"5 )4 1 8
4,390
City E lec. (R om e.Q a.).January...
1 ,43
1 ,5 '2
1 572
1,438
Cleveland E le o trio ... D ecem ber. 146,485 135,572 1,632,020 1,634.842
Cleve. Painsv & E . Ja n u a ry ...
4,509
5,437
5,4 <7
4,500
Colum bus 8t. Ry. (O.) J a n u a ry ... 53,788 46,869
53.788
46.869
Consoli’ d Trao. (N. J .) ¡Janu ary... 242,590 217,316 242,590 217,316
Danv. Gas El. L ight & j
Street R y.............. ..¡N o v e m b ’r. 10,141
95,785
D enver Con. T ra m w .jD ecem b er. 6 4 ,9 95 57,897 723,368 724,511
D etroit Citi’ ns’ St.Ry.j2 wks Feb. 42,398 38,132 133,983 120,371
D etroit Elec. Ry
Ja n u a ry ... 33,567 33,457
33,567
33,457
Duluth St. R y ......... . J an uary... 14,359 13,024
14,359
13,024
E rie E lec. M otor C o ,. J a n u a ry... 10,986 10,258
IO.9-16
10,2o8
Galveston City R y ... Septem b’r. 1«,54
19,148 163,39» 161,692
Harrisburg T raction. Ja n u a ry ... 18,497 16,376
18,497
16,376
Herkim er Mohawk IIion < F’kfort El. Ry. D ecem ber.
ft
3,765
3,492
39,571
42,604
H oosick R v ................. O c to b e r ...
6*>0
6 i9
6.541
7,233
H ouston E lec. St. R y. J a n u a ry... 16,623 14,072
16,623
14,072
Interstate Consol, oi
N orth A ttle b o ro .. . . Decem ber. 10,645
9,837 129,651
123,880
Kingston City R y ...., Ja n u a ry...
4.000
3,679
4.000
3,679
Lehigh Traction . . . . . January...
8,702
8,170
8,170
8,702
L ondon 8t. R y. (Can.) J a n u a ry ...
6,601
7,706
7,706
6,601
L ow ell Law. & H a v .. December 32,881 29,091 440,226 408,927
M etrop. (Kansas City) 3d wk Jan.' 34,115 29,831 100,348
87,718
M etro. W. Side (Chic. Dec em ber 105,420
M ontgom ery St. Ry. D ecem ber.
4,950
4,695
54)914
"57)291
M ontreal Street R y ... J a n m r y ... 110,156 99,636 110,156
99,636
Nassau Elec. (B’ klyn) Ja n u a ry... 135.438 109,623 135,438 109,623
Newburgh Eleotrio.. J a n u a ry ...
4,520
4,921
4,921
4,520
N ew London St. Ry._ D eoem ber.
3,31
3,082
53,587
53,428
New Orleans Traction January... 105,784 99,721
105,784
99,721
North Shore TraotioD January... 97,548 91,591
97,548
91,591
Ogdensburg St. R y ... Deoem ber.
1,342
1,399
20,089
17,510
P aterson R y .............. January... 27,462 23,769
27,462
23,769
P o ’ keepsie & Wapp.P. Deoem ber.
6,065
6,179
86,406
86,134
R ichm ond T ra ction .. January...
8,034
8,633
8,633
8,034
R ochester R y . ......... Decem ber.
791,181 847,440
R o x b ’ h Oh.H.& Nor’n January... ” 4,373 ” 4',029
4,373
4,029
Schuylkill T raction.. Septem b’r.
8.523
8,480
67,086
72,816
Schuylkill Val. Trac. Ja n u a ry ...
4,066
3,509
4,066
3,009
Sorant .m & Carbond’e Ja n u a ry...
2,891
2,891
Scranton & Pittston. January...
4,788
4,730
4.788
4,730
Soranton R a ilw a y .... January... 30,166 27,572
30,lr,6
27,572
Syracuse Rap. Tr. Ry. Ja n u a ry... 37,487 32,190
37,487
32,190
Terre Haute E l’o. R y. Septem o’r. 14,259 13,705 111,790 120,341
Third Avenue (N .Y .). Decem ber.
2,597,632 2,626,895
T oronto Ry . . . . . . . . . Ja n u a ry ... 86,563 74)546
86,563
74,546
Tw in City Rap. Tran. December^ 184.055 171,523 1 ,9 8 6 ,0 10 2,039.943
Union (N. B ed ford ).. Ja n u a ry ... 15,802 16,851
15,802
16,8 U
U nited Tract. (Pitts.) January... 117 960 104,967 117,960
104,967
United Tract. (P rov.) Deoem ber. 149,076 142,216 1,731,210 1,723,45 >
Unit. Trao. (Reading) January_
_ 12,824 11,677
12,824
11,677
W akefield & S to n e .... January...
3,614
3,288
3,614
3,28 -t
W aterbury T ra ction .. Ja n u a ry ... 22.235 1 9 ,0 7 1!
22,235
19,071
W est Chicago St. Ry. 2d wk Feb. 67,908 65,045 420,706 398,490
W heeling R a ilw a y ... J a n u a ry ... 14,276 12,925
14,276
12,92 j
W ilkesb. & Wy. Valley N ovem b’ r. 42.236 41,247 447,054 461,962
________________
* Includes Baltim ore T raction and. C ity & Suburban fo r b oth years.

,

Street Railway Net Earnings.—The follow ing table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street rail­
ways, we adopt the same ptan as that for the steam roads—
that is, we print eaoh week all the returns received that
week, hut onoe a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement of this kind will bs f ound in the Chronicle
o f January 22, 1898. The next will appear in the issue of
February 26, 1898.

379

Gross E arnings.-------------S et E arn ings.------ I QQrT D
,OAl> l-f
A
.AAA m
m
_
.
1897-8.
1896-7. 1897-8.
1896-7.
Roads.
$
«
*
9
Gonsol.Tract’ n .N .J .b la n .
242,590
217,316
122,392
102,877
July 1 to Jan. 3 1 . . . . 1,838,726 1,694,591
952,741
840,375
Crosstown St. R y. (B uffalo)—
Oot. 1 to Dec. 31.......
123,754
116,983
42,623
34,712
Jan. 1 to Deo. 3 1 . . . . .
483,007
470,155
159,929
14 2,28 4
Harrisburg Traot’n ..J a n .
18,497
16,376
9,250
6,369
July 1 to Jan. 31.......
144,790
135,523
67,321
54,599
8,170
Lehigh T raction........Jau.
8,702
588
950
July 1 to Jan. 31.......
68,334
72,149
34,115
33,205
London 8t.R y.(0an.). Jan.
7,706
6,601
2,574
1,611
Newburg St. R y .J a u ......
4,921
4,520
1,199
1,185
Ju ly 1 to Jan. 31.......
53,787
53,826
24,062
23,977
Paterson R ailw ay...Jan .
27,462
23,769
10,736
8,738
R oxb’ghChes Hill&N.Jan.
4,373
4,029
*def.886 *d ef.l,3 6 6
Schuylkill Val. T rao. Jau.
4,066
3,509
464
def. 16
Scranton < C arbon...Jan.
fe
2,891
—
1,124
Ju ly 1 to Jan. 31. . . .
24,654
10,638
Scranton & P ittston.. Jau.
4,788
4,730
1,218
1,6 8 7
Ju ly 1 to Jaa. 31.......
41,408
15,220
8oranton R ailw ay .. Jau.
30,166
27,572
13,957
12,225
233.648
J u ly l to Jau. 3 1 .......
219,197
123,572
101,459
Utioa B elt Line (N. Y .)—
Oct. 1 to Deo. 3 1 .......
45,071
40,245
11,123
15,300
Jan. 1 to Deo. 31.......
182,323
170,004
62,882
66,515
Waterbury Trac. C o. .Jan.
22,235
19,071
8,693
7,968
Ju iy 1 to Jan. 3 1 .......
91,358
83,402
39,943
38,521
* After allow ing fo r fixed oharges and bon d interest.
t Figures for 169 7 do n ot cover the entire quarter, they being fo r
only tw o m ooth3 and fou r d tys.
t Includes B rooklyn City & N ew tow n fo r part o f the time in 1897.

Interest Charges and Surplus.—The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report oharges for interest, &o., with the
surplus or defloit above or below those oharges.
• Int., rentals, etc.— %^-Bal. ot Wet Earn's.-*
1897-8.
1896-7.
1897-8.
1896-7.
Roads.
^
B altim ore Consol. St. R y .—
381,996
374,900
328,888
Ju ly 1 to Dec. 3 1 .......
207,718
Consol. Tr. o f N. J .. Jau.
115,477
109,975
6,915 def.7,093
Paterson R ailw ay ....Jan .
8.900
9,162
1,836
def.424
Waterbury T ract’ n .. Jau.
3,277
3,130
5,416
4,8 38
i s * July 1 to Jan. 3 1 .......
14,960
18,520
24,963
20,001

ANNUAL REPORTS.
Annual R eports.—The, following is au index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvestors’ and Street R ailw ay S upplements.
This index does not include reports in to-day’s C hronicle.
R ail r o a d and M iscbl . Go’ s
'Volume 66—
Page.
Alabama N. O. & Tex. Pae. Juno... 281
American District Telegraph........ 234
American Soda Fountain............... 333
Am erican Straw Board ................ 333
Baltimore Cuesapeake £ Atlantic. 284
Central Union T e le p h o n e ............. 236
Cheraw & D arlington... ................ 233
Chicago Telephone. ........................ 234
Chicago £ G’t W est. .half-year..235 2<5
Consolidation Coal............................. 330
Delaware & Hudson Canal............. 232
Delaware Lackawanna & Western. 232
Diamond M atch................................ 286
Edison Elect. 111. o f Brooklyn 265, 333
Edisoa Electric III. o f Boston.. ... 333
Edison Electric 111. o f New F ork.. 332
H untingdon & Broad T op M oun­
tain RR. & Coal C o .......................... 331
Illinois Steel. .................................... «32
Indiana & Lake Michigan.................331
Lehigh Valley ......... .
153,181, 188
Manchester * Augusta................... 233
National Starch Mfg. C o................ 334
N. V. Chicago & St. Louis................ 263
Norfolk & C a ro lin a ........................ 233
Northeastern R R. (o f 6o. C a r.).... 233
People’s Gas Light & C oke............... 332
t*nil. Wilmingt >n & B altim ore.... 233
St. Louis Vandalia £ Terre Haute. 331
South’n New England T elephone. 334
Street’s W estern Stable Car Line.. 285
Summit Branch RR.......................... 332
Sunday Creek Coal C o..................... 334
Terre Haute & Indianapolis.......... 331

R a il r o a o a n d M is c b l . C o ’ s (don.)
Volume 66 —
Page.
Terre H aute & L ogan sp ort............ 331
Terre Haute & P eoria ..................... 331
T renton Potteries............................. 288
W estern Maryland .......................... 232
W estern Stone Co...................
234
Wilmington Columbia & Augusta» 181
St r e e t R

a il w a y s »

F ull fa c e fig u res in dicate V. 66 .
Volumes 6 5 and 66 —

Brockton 3 tr e e t ............................... 1022
Brooklyn Rapid Transit.................. 1218
Chicago City R y............................. 1 S £
Globe St. (Pall River) .................... 1022
H artford Street R y.................... ... 1069
Hart. Manches’r & Rockv’e Tram . 1069
H artford & W est H artford ......... 1069
H est. Mantua & Fairm’t (P h il.)... 1 3 1
Lake St. Elevated (Chicago)........ 1 3 1
Lehigh Trac. Co. (Hazleton, P a.).. 233
Lowell Lawrence £ H averhill. ...1022
Lowell & Suburban. .. . ............... 1022
Lynn & B o s t o n .......................... ...1171
Montreal Street R y........................... 233
National Ry. o f St. Louis............... 2 S 1
North Chicago Street......................1 8 9
Northwestern Elevated.................. 1 8 9
South Side Elevated, Chicago.......“ 8 5
¿
Soringfleld (Mass.) St. R y............... 1022
W est Chicago Street........................1 8 'i
W est End St. R v ......................
.1021
W ilkesbarre & W rom ’g Val T ra c.2 8 5
W orcester Consolidated St. JR.V....1022

Canadian P acific Railw ay.
<
——Gross Earnings. — , r-N et E arnings.— *
—
1897-8.
lid U a
------------------("Report for the year ending December 31,1897.J
Roads.
$
$
$
$
The increase to
per cent of the semi-annual dividend on
A kron Bed. & Olev.-.Jan.
5,655
5,550
86
d f.96
the common stock for the half-year ending Dec. 31, 1897, is
B altim ore Con. St. R y .—
Ju ly 1 to Deo. 31....... 1,270,103 1,210,495
710,884
582,618 mentioned on a following page. The October dividend was
Bath St. B y. (M aine).Jan.
per cent, so that 4 per cent in all is charged against the
1,306
1,311
def. 361
def. 68
Bay Cities Con.St.Ry.Jan.
6,253
6,336
2,152 earnings of the late calendar year on account o f this stock.
1,704
Bingham ton St. R y...Jan,
11,102
10,029
2,442 As the total issue o f the same is $55,000,0 )0, the 4 per cent
3,137
calls for $2,60),000, contrasting with $1,300,00) for the 2 per
B ’klyn C ity & N ew tow n—
Oot. 1 to Dee. 3 1 ....
172.458
136,591
127,024
42.2 88 cent in dividends paid out of the earnings the previous year.
Jan. 1 to Deo. 31.......
443,819
536,570
202,956 The statements for the years 1891-1397 compare as below:
184,559
B rooklyn E levated—
1897.
1894.
1896.
1895.
Oec. 1 to Deo. 31.......
459,404
433,914
177,266
175,137
$
$
$
$
Jan. 1 to Dec. 31....... 1,695,455 1,713,514
678,378 Gross earnings...
621,923
21,019,531
20.681,597
18.752,167
19,941,036
Operat. expenses
13,745,758
12,574,015
12,328,859
11,460,086
Buffalo Railw ay—
Oot. a to Deo. 31.......
344,037
170,702
337,990
173,825
Net earnings.
10,303,778
6,123,308
8,107,582
7,480,950
Jan. 1 to Dee. 31....... 1,361,166 1,366,537
683,882 Other incom e. .. .
685,324
310,708
51L,165
552.9 L3
_ 3 3 3 ,_ 8 2 ^
Charleston City R y ..J a n .
11,773
4,496
T otal net ine.
10,614,482
8,031,863
8,618,747
6,757,13»
July 1 to Jan. 31.......
96,124
42,124
Deduct —
d t .S t . R y., Man, (Ind.) J an.
2,155 In ter’t on bonds
16,708,084
6,659,478
5,418
4,390
2,821
6,589,378
Coating, int. (M. j
6,783,387
City E leo.(Rom e,Ga.) Jan.
210
1,572
1,433
df.47
8. P. < S. S. M.)
£
( 203,890
694,487
d e v . Painesv. & E ...J an ,
1,265 Div’s o h c o m ’oa.. A%) 2,600,000 (2%) 1,300.000 (m%) 975,000 WHi) 1,625.000
5,437
4,500
1,239
do. on p re f’d ... (i%) 529,193 (A% 312,949 (4 % 256,980 (4 % 256,960
)
)
)
C oney Island & B’klyn.—
Oet. 1 to Deo. 3 1 ..^ . 1146,795
14,965
69,862
Balance.......... sur. 731,622
144,973
sur. 93,828
sur. 112,435
def, 2,408,69»
Jan. 1 to Dec. 3 1 .....
117,250 —V . 65, p. 823.
434,603
343,170
133,341




TBE CHRONICLE!

880

[V o l . L X V L

line between Thirty-ninth and Twelfth streets. The work
will be shared by three other parallel roads. It is expected
that the proportion of the cost to be assumed by the Stock
The annual report will be published in the C h r o n i c l e next Yards company can be met out of the earnings of the com­
week. In the meantime the following comparative state­ pany without embarrassment.
Statistics.—The earnings, balance sheet, &c., have been :
ment is given:
Northern Central R ailroad.
CReport fo r the year ending Dec. 81, 1897.J

Gross earnings............
O perating ex p e n se s...

1897.
$6,732,703
4,798,367

1895.
$6,506,028
4,598,519

1896.
$6,286,602
4,643,105
$1,643,497
400,075 -

$1,907,509
457,391

. $2,301,124
$410,040
834,153
526,267
134,060

$2,043,572
$436,592
843,632
526,267
159,491

$2,364,900
$455,996
852,588
526,267
378,191

$1,904,520
$396,604

$1,965,982
$77,590

$2,213,042
$3 51,858

Net earnings.........
Other in co m e ...............

$1,934,336
366,788

T otal net in c o m e ..
R entals, e tc ................. .
Interest, e t c .................
Dividends, 7 per cent
M iscellaneous..............
S u rp lu s----—V. 64, p. 374.

The Chicago Junction Railw ays & Union Stock Yards Co.
Ctieport for year ending Dec. 31, 1897.)
The fiscal year has been changed to end Dec. 31 instead of
June 30. The report therefore covers the calendar year.
President Chauncey M Depew says in part:
Earnings.—During the early months o f the year 1997 some
loss in earnings was shown. During the summer and
autumn, however, the business was exceptionally good,
and December shows the largest gross and net earnings for
any corresponding month since your company was formed.
The Chicago Company was called upon to depress a part of
its Fortieth Street tracks in order to pass under the elevation
of the Lake Shore and Rock Island roads. The cost o f this
work, and some other of like character, was charged to ex­
pense, which will account for the increase in the operating
expenses of the Chicago Company.
Live Stock Receipts.— The following is a comparative state­
ment of live stock and car receipts at the Chicago Yards for
each of the last two years:

I n c ...........................
D e c ......
45,552

Hogs.
7.659,472
8,363,724

Sheep.
3,590,655
3,606,640

Horses.
105,978
111,601

Cars.
277,437
279,662

704,252

Calves.
Oal. yr. Oattl*.
138,317
1 8 9 6 ..
..2.600.476
122,976
1 8 9 7 ..
..2 .554 .924

15,985

5,623

2,225

15.361

The receipts of sheep for 1897 are the largest for any year
in our history, and of hogs the largest in any year excepting
1891. The receipts of cattle show a slight decrease, due un­
doubtedly to the unusually large number held back for spring
shipment.
Improvements Paid fo r out o f Earnings.—Attention was
called last year to the extensive improvements at the Chi­
cago yards, then approaching completion, and the large ap­
propriation ($450,000) made for this purpose. The work was
completed early in 1897, and has been amply justified by the
results obtained. This large expenditure was made entirely
out of tbe net earnings of the Chicago Company, without in­
curring any floating or fixed debt.
Purchase o f Chicago Hammond & W estern.- In August,
1897, your directors contracted to purchase the capital stock
of the Chicago Hammond & Western RR. Co., then being
built, and now almost completed from Whiting, Ind., on
Lake Michigan, to Franklin Park, on the Chicago Milwaukee
& St. Paul R R ., forming a semi-circular line 38’57 miles in
length a short distance outside the city limits of Chicago,
and crossing or connecting with all railroads entering the
city. The railroad company owns absolutely 26’ 07 miles of
road, of which 13 75 is doable track, and opérâtes over the
line of the Chicago & Calumet Terminal Ry. between Blue
Island and McCook, 13‘88 miles of double track, under a 99year lease. The railroad company also has full traffic rights
over the Terminal R R. from Chappel, the central point on
the Chicago Hammond & Western, to the stock yards, a dis­
tance of 10 miles.
The enormous and ever-increasing traffic which centres at
this point would, your directors believed, in the near future,
render the handling of live stock so. slow and costly as to
amount to a disadvantage for the Chicago yards, unless a
new outlet was provided by which the traffic could be more
promptly and economically handled and the already over­
congested tracks of the trunk lines relieved before the traffic
reached the city. It is expected that many of the railroads
carrying the largest numbers o f live stock w ill avail them­
selves of the facilities offered by this new route, and that the
business of the yards will be increased thereby. As a ter
minai and belt line the property is of great value, and we
believe will earn a substantial amount above its fixed charges
and be a source of strength and profit.
Notes fo r $ 4 0 0 .0 0 0 Given in Payment fo r Stock.—The Chi­
cago Hammond & Western RR. Co. has. issued $2,000,000
first mortgage 6s, due Jan. 1, 1927, and $2,000,000 (20,000
shares) capital stock. Your directors agreed to purchase tbe
entire capital stock for $2(> per share, and to give in payment
thereof the 5 per cent notes of the company, payable on Jan.
1st,/1903, but subject to call in whole or in part on any January
or July 1 upon thirty days’ notice. The agreement further
provided that the vendors should complete the road to Frank­
lin Park. The railroad will cost about $190,000 in excess of
the proceeds of the bonds, and this additional expenditure
will reduce the net amount received by the vendors.
Elevation o f Tracks— The -Chicago City Council has passed
an ordinance requiring the elevation of the Ogden Avenue




INCOME ACCOUNT.

Bal. irom previou s year..
D iv. from U. S.Y. & T. Co.
In terest...............................

Cal. year.
.----- Tears ending June 30.------ ,
1897.
1896.
1895.
1894.
$26,987 $ 2 3 ,«2 0
$79.894
$21,835
1,697,839 1,693,159 1,6:»2.809 1,724,412
7,957
8,350
7,685
8,593

T ota l..............................$1,732,783 $1,725,129 $1,780,388 $1,754,840‘ Paym ents—
General expenses, e t c .. . .
$56,378
$70,932
$115,743 $120,921
In terest...............................
633,025
637,850
641,025
644,025
910,000
910,000
9 0,000
910,000
D iv id en d .............................
D ep reciation ......................
90,000
90,000
90,000
......
T ota l............................. $1,689,403 $1,708,782 $1,756,768 $1,674,946
S urplus...............................
$43,380
$16,347
$23,620
$79,894

The earnings of the proprietary company have been:
CHICAGO COMPANY EARNINGS.

/
—Year end. Dec. 31.— , ,— Year end. June 30.— ,
1897.
1896.
1895.
1894.
Gross earnin gs...........$3,321.423 $3,313,578 $3,354,560 $2,917.368
Operating expen ses.. 1,389,192
1,329,311
1,251,413
1 ,1 26,6 19N et earnin gs........$1,932,231

$1,984,267

$2,103,147

$1,790,749

CHIC. JUNC. RTS. & UN. STOCK YARD! 5CO. BALANCE SHEET DEC. 31, 1897

Liabilities—
P referred stock ............ $6,500,000
Com m on sto ck ............
6,50 ),000
B on d s............................. 12,644,000
D ividends unpaid.......
1,197
A ccru ed in terest.........
317,550
Surplus a ccou n t..........
179,018
D iv. pay. Jan., 18 9 8 ..
357,500
In com e & ex p en d .a cct
43,380

Assets—
Purchase accoun t.......$22.744,494
Investm ent a ccou n t.. 2,879,940
Stocks, bonds, e tc .......
183,375
C a s h . . . . . . . . ..................
24,198
C oupon...........................
35 1,94 0
D ividend........................
358,697

T ota l....... ................$26,542,645
—V. 66, p. 335

T o t a l....................... $26,542,645

Lehigh Goal & Navigation Company.
( Report f o r year ending Dec. 81, 1897.)
The report says in substance:
“ The production o f coa l from the com p an y’ s p rop erty, including th e
coa l used b y the com pan y in its operations, was 1,530,823 tons, a de­
crease o f 18,274 tons as com pared with 1896. The total shipm ent»
and loca l sales am ounted to 1,410,203 t o n s ; in addition the com pany
c nsum ed 120,620 tons o f coal in its m ining operations. The average
cost o f coal was $1 294, as com pared with $1 337 in 1896, a decreaseo f 4-3 cents, which m ay be considered as a fa vorab le result in conn ec­
tion with a som ew hat sm aller output. This cost per ton is the low est
figure at w hich coal has been produced in the com pan y’s history. The
m ines are in g ood condition , and if the m arket requirem ents w ill per­
m it, the shipm ents can be very largely increase 1.
“ The business o f the canals shows a profit o f $11,433, w h ich is art
im provem ent ov er last year. The results are better than any y e a r
siuce 18 93; we had an exception ally lon g season o f open navigation
and an unusual freedom from dam age caused by freshets. The total
tounage m oved am ounted to 369,878 tons, an increase o f 36,565 tons
ov er 1896, m ost o f w h ich was anthracite coal.
“ The one-third o f gross receipts due as rental fo r the Lehigh < Sus­
fe
quehanna RR. w as $56,057 in excess o f the guaranteed minimum
rental o f $1,414,000, as provid ed by the term s o f the lease. The Cen­
tral R ailroad Co. o f New Jersey, lessees, have m aintains l the railroad
p roperty in good physical condition , and can handle a m uch la r g e r
volum e o f business.

“ There has been no change in capital account during the
past year. The mortgage indebtedness has, however, been
reduced by the payment of $2,810,000 o f the gold loan, which
fell due Dec. 15th, 1897, the money with which to pay off this
portion of the loan having been provided by the Central RR.
Co. of New Jersey and the Lehigh & Wilkesbarre Coal Co.,.,
by whom it was assumed in 1871 and 1874 in lien of payment
for railroad equipment and coal lands. The balance of this
loan, amounting to $1,842,500, has been extended until June
15th, 1914, the holders agreeing to accept interest thereon at
the rate of 4 per cent instead of 6 per cent per annum; the
annual reduction in the interest charge will amount to
$86,850.
Statistics.—Results for four years were as follows:
1897.
1896.
1895.
1894.
Coal produced, to n s.......1,530,823
1,549,097 1,521,695 1,386,482
receip ts —
$
$
$
$ •
F rom railroad s....... ....... 1,546,138 1,550,625 1,610,074 1,485,515
Canals....... .......................... 11,433 loss 16,060 loss 2,976 loss 16,927
Lehigh coa l la n d s........... 296,400
226,946 loss 11,763
273,099
M iscella n eou s.................. 235,764
136,768
97,543
97,045
T otal receip ts.............. 2,089,735
D isbursem ents —
Interest accou n t............... 890^333
R entals, taxes, e t c .......... 439,268

1,898,279

1,692,878

1,838,732

904,190
435,540

862,981
390,966

826,197
376,627

T otal disbursem ents.1,329,601
Balance o f earnin gs....... 760,134
D iv iden d s.......................... 5 7 3 ,» 6 6
R ate o f dividend...............................

1,339,730
558,549
573,866
(4 p. c.)

1,253,947
438,931
573,866
(4 p. c.)

1,202,824
635.908
645,59^
(4 ^ p. o.)

B alan ce........................ sur.186,268 d ef.15,317 def.134,935
Sinking fu nd .....................
92,295
95,816
9 ,994.

def.9,691
99,265

»9

sur.93,973 def.111,133 def.230,929 def.108,956

The Lehigh & Susquehanna R R. had earnings as follows :
1897.
$
Passengers and m a ils... 193,091
Freight and ex p ress.— 1,271,603
C oa l....................................2,946,678

1896.
$
206,881
1,214,146
3,005,149

1895.
$
218T617
1,217,709
3,172,109

1894.
$
218,202
1,058,670
2,931,059

T ota lgross earnings.4,411,372
R ental due L. Co, & N.
Co. (l? o f g ross)....... —1,470,457
—V . 65, p. 1U4.|

4,426,176

4,608,435

4,207,931

1,475,392

1,536,145

1,402,643.

F ebruary-

THE CHRONICLE.

19, 1898.]

Columbus Street R ailw ay.
( Report fo r the year ending Dee. 81, 1897.)
President Emerson McMillin in the report says :
General Remarks.—It will doubtless be gratifying to the
stockholders to see that the gross receipts of the company are
now rapidly increasing. By comparison with the report for
the year 1896 it will be noted that during the first half of
1897 the gross receipts were about $31,000 less than for the
same period in 1896, while for the last half of 1897 the receipts
were nearly $12,O 0 more than for the same period o f 1896.
i
The low percentage of operating expenses indicates careful
and prudent supervision, as well as faithful and efficient ser­
vice on the part of employes.
Statistics—The reports of the company show :
1897.
1896.
1895.
1894.
T otal pass’ gers carried.13,284,530 13,810,455 13,841,*69 12,676,018
Oar m iles run................. 3,514,545 3,860,540 3,592,333 3,226,746
R ate o f operatin g e x p . 47'30%
49-2%
49-7%
4 7 ‘8%
1897. 1896. 1895.
P e r car pen*
1897. 1896. 1895 P er ca r p e r
m ile—
Gts.
Gts.
m ile—
Gts. Gts.
Ols
Gts.
0-6
0E a r n in g s ......1 6 -8 0 16-20 1 7 4 0 M *int. o f w ay. 0 6
D o.
equ ip. 0*7
0-8
-Operat’g e x p . 7 '9 0 8 ’00
S-“ 0
10-7
0-6
N et r e ce ip ts.. 8-90 8"20
8-70 P o w e r ............. 0-7

The earnings, &c., were as follows :
1897.
G r o ss"e a r n in g s.........................$605,921
E xpenses—
M aintenance o f w ay............... $23,413
do.
equipm ent . 25,967
‘C onducting tra n sp o rta tio n .. 165,322
P o w e r . . . . . . ...........
26,565
‘G en e ra l................
45,606

1896.
1895.
$626,961 $626,485
23,457
29,899
178,982
28,477
47,631

$32,203
38,448
168,027
27,440
45,477

1894.
$563,036
$17,246
29,022
151,647
28,089
43,358

T o ta l...................................... $286,874 $308,446 $311,595 $269,362
N et earni’gs from op era tion ..$319,047 $318,515 $314,890 $293,674
Other .earn in g s: ........................
5,397
4,363
3,510
3,775
■ujoi'-i*
Y
----------------------------------------------------------------BBCT o ta l...................................... $324,444 $322,878 $318,400 $297,449
F ix e d ch arges............................ $200,151 $196,500 $183,506 $176,648
D ividends.................................... 120,000
120,000
120,000
45,000
T o ta l.............. *....................$320,151 $316,500 $303,506 $221,648
S urplus........................................ $4,293
$6,378
$14,894 $75,801
CONDENSED BALANCE SHEET JANUARY 1.

W Assets —

P ark construction , & c...............
B on d s ow n e d ...............................
Cash................................................
A ccou n ts and bills receivable.
P repaid insurance, & c............. .
•Supplies on hand ................. ......
P repaid accou n ts.......................
ten*1-«iifiE
.

1898.
.$6,291,953

1897.
$6,322,776

1896.
$6,226,868

572,000
32,867
11,000
4,247
23,000
927
962
17,515

572,000

572,000

64,000
1,769
23,925
6,141
999
7,048

97,000
3,324
18,995
7,124
1,442
12,008

$6,954,481

$6,998,658

$6,938,762

L iabilities —

.$3,000,000 $3,000,000 $3,000,000
. 3,000,000
3,001,000
3,003,500
572,000
572,000
572,Oj O
Crosstown St. Ry.Oo. 5s, guarant’ d..
38,574
39,193
45,793
R econstruction r e s e r v e ____
.
125,500
158,418
70.027
14,960
15,354
47,043
A c co u n 's p a y a b le ...................
6,414
8,163
8 ,'¿59
A ccru ed interest, taxes, & o ..
.
196,639
204,924
192,140
P rofit and lo ss..........................
.$8,954,481

$6,998,658

$6,938,762

—V. 65, p. 1023.

New Orleans T raction Company.
("Report fo r year ending Dee. 31, 1897.)
President R. M. Walmsley says in substance :
Power House Bonds.—One-half of the Louisiana Electric
L ight plant, including building, real estate and railroad
machinery, has been deeded to the company. The building,
machinery and boilers have been put in thorough repair and
-a new 1000 horse-power Allis Corliss engine with direct
coupled generator has been installed, and all is now in suc­
cessful operation. To meet the expense $150,000 of twentyyear power-house bonds were sold. To sell these bonds it
became necessary to convey the power house to the New
Orleans City & Lake R R. Co. and Crescent City R R . Co. in
order to secure their guaranty or assumption of this debt.
Subsequently a lease was made to the Traction Company of
the power house, and it is being at present onerated under
this lease by this company, an agreed charge being made per
car mile for power furnished.
Relations with Roads Controlled.—The Traction Company
is merely a stockholder in these two railroads and has no
other assets. It owns in the New Orleans City & Lake road
13,871 shares of a total of 20,000 shares, and in the Crescent
City road 16,453 shares o f a total of 20,000 shares. After the
payment of operating expenses, fixed charges and the divi­
dend to these minority holders the company, under the terms
o f the contracts, receives whatever surplus remains or pays
any deficit.
The present report shows a deficit in operation of both
roads for the year 1897. Since, therefore, the Traction Com­
pany has no other source o f income than that which may
accrue from dividends on stock owned by it in the two under­
lying companies, it is evident that unless there is decided im­
provement in operation during the ensuing year there will be
absolutely no resources with which to meet our obligations.
Outlook.—The unsatisfactory showing the past year was
due mainly to the increased competition and to the preva
lence of yellow fever during the fall months. W e believe
the coming year will show a decided improvement. The
dividends on the stock owned will not, possibly, be satisfac­
tory for two or three years to come, but looking forward




38l

beyond that period we think the earning power o f these lines
will increase and become satisfactory. With franchises run­
ning from fifty to sixty years the stock must become valuable.
In this connection the all-important question to the stock­
holder of the Traction Company is as to whether the com ­
pany will provide means to carry out its contract obligations
with these underlying companies and thereby perpetuate its
interest, or, by defaulting on its contracts, forfeit all its
rights.
Earnings, Etc.—The earnings, etc., have been as below :
r-N . 0. City < L .l i l t . - , r-O rescent Oity RR .—
6
.
1897.
1896.
1896.
1897.
Passengers carried, N o. 14 ,396,702 16,271,055 9,601,514 9,698,483
Car m ilea g e................. .
5,086,597 4,810,223 4,0a8,573 3,928,984
E arnings per oar m ile ..
14-770.
17-53C.
12-07c.
12-490.
Oper. ex. p er ear m ile ..
9-530.
8 -99c.
8-950.
8-040.
E a rn in g s—
*
$
$
$
From eleotrio lin es.........
675,774
770,276
484,924
480,576
F rom W est E nd lin e___
70,812
68,497
F rom m iscellaneous___
5,155
4,610
6,939
5,969
T o t a l...................... .
Operating expenses—
9
E lectric lin es...................
0
W est E nd lin e .................
T ota l............................
N et earn in g s................... .
P. c. exp. to gross earn.
D educt—
Int. on 5% bds. accru ed.
Int. on 6% bds. accrued.
Sinking fu n d .....................
T ax es h c e r u e d ................
E x tra legal ex p en ses...
Dam age accou n t............
Div. to m inority sto o k ..
B etterm en ts....................

751,741

843,383

487,515

490,893

430,661
56,781

384,593
48,013

360,390

315,942

487,442
264,299
64-84

432,606
410,777
51-29

360,390
127,125
73-91

315,942
174,951
64-36

129,975
23,958

129,975
23,988
30,012
74,928
5,340
9,094
36,765
2,016

153,146
1,510

138,623
4,4 19

25,488

25,022
6,L72
9,653
21,282

62,986
49,832
3,988

21,282

T o ta l...........................
B alan ce.............................

270,739
312,118
201,426
205,162
def.6,440 sur.98,659 def.74,301 def.30,211
BALANCE SHEETS NOVEMBER 30, 1897.
New Orleans Oity
Orescent
Oity RR.
Assets—
di L a k e JtR.
Plant, p rop erty and fran ch ises........................$5,416,975
$5,269,296
A ccou n ts, &c., receivable
11,126
2,024
N ew Orleans T raction (Ltd.)
24,993
Stock in trea su ry ...................
48.907
M aterial on hand...................
16,304
Cash on hand and in b a n k ...
108,078
55,401
M iscellaneous..........................
5,846
768
Profit and lo s s ........................ .
400,019
T otal................................................................... $5,632,229
L iabilities—
$2,000,000
Capital s t o c k ......................
Funded d e b t ..........................................
2,998,800
71,452
C oupons...................................................................
D ividen ds...........................................................
26,401
Taxes and licenses................................................
55,804
A ccou n ts payable, vouchers, w ages, e t c .. ....
26,010
M iscellaneous accounts, etc............................... .........
Sinking fu n d ...........................................................
44,387
N. O. T ra ction (Ltd.) bon ds with tru s te e s ....
400,500
“
“
Cash advanced............ . ................
“
“
M iscellaneous................
8,875
T ota l.........................: ....................................... $5,632,229
NEW ORLEANS TRACTION CO

$5,727,509
$2,000,000
3,025,000
63,791
726
56,507
24,752
12,910
516,761
27,062
$5,727,509

LIMITED, BALANCE SHEET, DEC. 8 1 ,1 8 9 7
L iabilities —

vi sscls_
P rop, an din vestm ’ n t s ..$7,803,835 Com m on stook ................ $5,000,000
P ow er h iu se, etc
104,623 Preferred stook .............. 2,500,000
Securities o w n ed ...........
304,952 Funded d eb t................... 1,650,000
Securities with trustees
400,500 Assum ed m ort. d ebts...
109,000
Supplies on hand...........
79,118 R eserve to secure sink­
in g fund N. O. C. & L.
Sinking fu n d ..................
3,750
R R . 6 per cent bonds.
Interest on fuuded debt
89,480
77,475
Interest on loans, gen­
Coupons...........................
18 ,620
eral expen ses, e t c .. ..
116,575 N. O. O. & L. RR. ov er­
A ccou n ts r e ce iv a b le ...
draw n surplus.
24,993
11,528
F idelity Trust & Safety
B ills p a y a b le.................
232,800
V ault C o......................
4,500 P ow er house earnings.
82,526
M iscella n eou s.
C. C. R R . Co. advances
15,709
to Jan. 1, 1 8 9 8 ...........
515,851
Miscel. acoouuts.............
56,479
Cash on hand ..................
3,762
21,714
In com e accou n t............
Profit and loss................
194,455
T o ta l..........................$9,711,125
—V. 66, p. 82.

Total ..........................$9,711,125

National Lead Company.
("Report fo r the year ending Dee. 31, 1897.)
President L. A. Cole says : “ The neb earnings in 1897
($1,532,376) were the largest shown since 1892, and justify the
hopeful prediction made in the last annual report.
“ The volume of business was the greatest in the history of
the company, and the quality of the output is proving in­
creasingly satisfactory to consumers. Our relations to the
trade in all its branches continue harmonious, and the
stability and conservatism of our customers is evidenced by
the very small percentage of bad debts incurred. Competition
is active but no demoralization of prices has occurred. After
a suspension of three years, smelting operations were partly
resumed in the fall of 1897, and it is expected that this
important branch of the business will warrant continuance.
“ Progress has been made in further economizing costs of
manufacture with coincident improvement in quality, and
there has also been a reduction in the expense of administra­
tion. W e are confirmed in the wisdom of the policy that
has heretofore guided the company in the conduct of its
business. The conservative value at which inventories have
been taken and the outlook for trade warrant us in assuming
that we have entered on what will prove a prosperous year.
“ Plant investment account shows an increase of $11,715,
effected by sales and purchases of real estate of no magni-

882

THE CHBON1CLE

tilde. No charge has been made to this account for a con­
siderable sum expended during the year on permanent im ­
provements to enlarge facilities and promote new economies,
all of which was charged to current expenses. A marked
advance in the cost of raw materials is shown in the in ­
creased value of ‘ stock on hand,’ which is now $5,286,062, or
$698,467 more than a year ago. The quantity of such
materials has been maintained, and the working capital is
thus more fully and actively employed. For this reason it
w ill be noted that the 'cash in bands’ is less. ‘ Notes re­
ceivable’ and ‘ accounts receivable’ are reduced as the result
o f the restoration of confidence, and the consequent ability
of customers to more promptly pay their debts. The small
indebtedness of the company consists of ‘ accounts payable,’
amounting to $52,940 for current bills in process of payment,
and a mortgage of $12,6( 3, which by its terms is not dis­
chargeable. The ‘ treasury stock’ remains unchanged. After
payment of preferred dividends aggregating $1,043,280, we
have been able to add $4^9.096 to the surplus, leaving that ac­
count with a credit of $1,093,764 at the close of the period
under review. From this sum a dividend of one per cent on
the common stock has been ordered paid on Feb. 15, 1898.”
Earnings, Etc—Results for four years were as follows :
1897.
$
1,532,376

1896.
$
1,174,994

1895.
$
1,281,261

1894.
$
1,212,258

D ividen d on p re fe rre d .. ..1 ,0 4 3 ,2 8 0
D ividen d on c o m m o n . . . . . u ............

1,043,280

1,043,280
149,054

1,043,280
447,162

T otal charges............ ..1 ,0 4 3 ,2 8 0

1,331,425

1,192,334

1,400,442

N et earnings.....................

B a la n ce....... ............. ..
Previous surplus............. ..

288,145

sr.88,927 df.278,184
672,172
950,356

489,096 d f.156,431
761,100
604,668

P resent surplus.............. .111,093,764

604,669

672,172

761,099

IIAs stated ab ove a dividend o f 1 per cent has been declared on the
com m on stock, p ayable on Feb. 15, 1898, ou t o f the surplus o f Deo. 31,
1897. This dividend calls fo r the ou tlay o f $1 49,054.—E d .
GENERAL BALANCE SHEET DECEM BER

31.

1897.
Assets—
$
P lant investm ent............ ......... 23,474,388
236,254
Other investm ents........... .........
Stock on h a n d ................... ......... 5,286,061
190,600
Treasury s t o c k ................. .........
374,959
Cash in b a n k s ................... .........
194,063
Notes receivable'.............. .........
A ccou n ts r e c e iv a b le ....... ......... 1,402,979

1896.
$
23,462,674
236.218
4,587,594
190,600
503,395
246,287
1,465,408

1895.
$
23,613,466
435,663
4,801,231
190.600
338,210
217,858
1,281,839

T ota l................ ............ .........31,159,307
L ia bilities—
C apital sto ck ..................... ........*30,000,000
Surplus Dec. 3 1 ................ ......... 1,093,764
12,603
M ortgages
.................... .........
52,940
A ccou n ts p a y a b le............ .........

30,692,176

30,878,867

*30,000,000
604,668
12,603
74,904

*30,000,000
761,100
12,603
105,164

T o ta l............................. ......... 31,159,307

30,692,176

30,878,867

* Comm on. $15,000,000; preferred, $15,000,000.
— V, 64, p. 372.

P eople’s das L igh t & Coke Company.
( Report for the year ending Dec. 31, 1897. J

iV o i» LXVI.

H yd e
Combined
People's.
P a rk .
M utual.
Comp's.
J
R
^
A S tP
S .fj!_
$
$
R . E. franchises, m ains, &C.57,154,790 1,117,389 1,909,379 6 0 ,1 8 1 ,5 5 »
M aterials................................
399,451
6,069
35,913
441,434
Securities............................... *201,577
.............
.............
201,577
165,992
187
A ccou n ts r e c e iv a b le .........
1,024
167,204
.............
347,212
D eposits fo r bon d coupons.
347,212
.............
Gas bills receiv a b le............
585,457
27,234
60,577
673,268
C ity o f C hicago....................
190,077
45,743
.............
23% 800
B ills receiv ab le.....................
100,000
.............
............
100,000
Cash........................................ 1,193,665
13,963
112,774 1,320,403
T otal.................................60,338,224 1,210,588 2,119,667 63,663,481
Liabilities—
C apital stock .......... .............25,000,000 t300,000 11,500,000 25 . 000, 000'
B onds...................................... 29,046,000 200,000 §5,000,000 34 246.000
27,465
50,300
D eposits, security fo r gas..
223,808
301.574
64,894
22,979
A ccou n ts p a y a b le .................................. 133,474
221,348
100,000
B ills p a y a b le.............................................
100.000
Coupons past d ue................
348,575
348.575
4,000
.............
B on d interest accru ed .........
172,191
176,191
Profit and loss (su rp lu s).... 5,414,175 814,228 12,953,612
274,791
T ota l................................ 60,338,224 1,210,588 2,119,667 63,668,481
* M iscellaneous bonds, $1 00 ,7 5 0 ; Green Street property, $ 3 0 ,2 2 7 ;
706 shares o f cap ital stock o f P eople’ s Com pany, $70,600.
t Canceled in consolidation.
1Deficit. The Mutual Fuel C om pany’s capital and surplus
am ounted to $2,046,388 and the $5,000,000 m ortgage leaves ab ove
deficit.
§ Not y et issued.—V. 66, p, 332.

American Screw Company.
( Report f o r the year ending Dec. 31,1897. J
The report says in p a r t:
Competition.—The depression in business and the com petition re­
ferred to in last year’ s rep ort continued throughou t the year 1897,
and prices fu rther d e clin e d ; in the case o f our leading line—w ood
screw s—to a p oin t m uch below their cost o f m anufacture. P rices
available to E nglish m akers in their p rin cip a l m arkets w ere 50 per
cent higher than those ruling in the United States. The outting o f
p rices b y com petitors rendered it som ew hat difficult to hold our sorew
trade and necessitated a p ortion o f the loss show n in our ba lan ce
sheet, the first we have been obliged to r ep ort since our organization
in 1860. A dditional losses w ere the result o f redu ction o f in v en tory
valuations to correspond w ith recen t m arket p rices fo r products, ou r
inability to m anufacture to the usual ex ten t, and to unusual repairs.
Im proved Prospects.—There is n ow ev ery reason to suppose that the
fight is ended. M uch has recen tly b een accom plished in the direc­
tion o f advancing prices and generally preparing the w a y fo r re­
m unerative r a te s .. There is'business enough, under norm al condition s,
to afford fa ir em ploym ent to the best equ ipp ed screw plants, notw ith­
standing the fa ct that consu m ption appears at present to be little
m ore than one-half o f w h at it should be if the rate o f progress fo r
th irty years prior to the year 1896 had been m aintained. The substi­
tution o f iron fo r w ood in con stru ction in p lace o f screw s w ill accou n t
som ewhat fo r the apparent fa llin g off, bu t Dot altogether. Our ow n
sales o f screw s last year show ed quite an im provem en t ov er the p re­
vious year’ s, although w e w ere m ore disposed to hold our goods than
to sell them at a loss. Business in E nglan d is good, and the L eeds
p lant should be enlarged to m eet the dem and fo r its products.
Dividend Passed.—With the ou tlook fo r business last spring w e
deemed it prudent to suspend the p aym en t o f dividends, but there
remains to the credit o f stook and guaranty fu nd accoun ts the sum
o f $315,215, after using so m uch o f the $2,00 ,000 transferred from
the form er to the latter accou n t as has been found desirable to reduce
valuations o f p rop erty and avoid additions to construction account.
Capital Changes Recommended. —In Canada a sharp reduction in the
tariff necessitated low prices fo r product. If the p olicy o f the G overn­
m ent shall rem ain unchanged, and we can find fa v ora b le opportunity
to sell the Canadian p roperty, we w ould recom m end doing so. A l­
though the business has been prosperous, w e can n ow find better
em ploym ent fo r our capital at Leeds. The cap ital o f the C anada
Screw Co. is $500,000, but this is represented up oh our books at on ly
one-half that amount.
In our report o f last year w e s a id : “ I f business continues long
depressed and the extensions m entioned be desirable at Leeds and at
the New E ngland m ill, w e m ay require additional capital and an in­
crease o f quick assets to p rovid e ou r usual dividends. * * * This
m atter should have atten tion and m ay be m ade the occa sion fo r a con ­
solidation o f the A m erican, Canadian and B ritish com panies w ith
a new organization and form o f ca p ital.”
W ith the present business situation w e think the tim e is at hand fo r
acting upon the recom m endations m ade in la st year’ s report.

President Billings’ remarks from the annual report and the
earnings of the combined properties were given in the
C h r o n i c l e last week. Additional facts are now at hand.
The merger of the Hyde Park Gas and the Mutual Fuel
Gas Companies with the People’s Company was voted on Jan.
10, 1898. In future therefore the operations of the three prop­
erties will be reported together. The Universal Gas Co. re­
mains a separate corporation, controlled in the interest of the
People’s Company, as reported in the C h r o n i c l e of Nov. 13,
page 925.
In the following statement, interest on the $5,0C0,000 of 5
The balance sheets of Dec. 31,1897, and Dec, 31, 1896, com ­
per cent bonds which are about to be issued on the Mutual pare as fo llo w s:
Fuel plant in part payment therefor, is deducted from the
1897.
1896.
Assets—
combined results for the year to show the position of the
456,568
230,591
consolidated company on the present basis of fixed charges : A ccou n ts r eceiv a b le............. . ............................
RESU LTS F O R T E A R

P eople s.

1897.

H yd e
P a rk .

M utual.

Total.

M anufactured gas sold
(fe e t)............................
Street m ains (m iles). . .
M eters.............................
P ublic la m p s.................

5,238,23 1,008
556,887,200 5,795,124,208
1,319
117
89
1,525
10,620
26,887
199,473
161,966
29,030
3,395
.........
32,425
$
$
$
$
Gross re ce ip ts................ *6,539,668 278,604
484,787
*7,303,059
O perating e x p e n s e s ... 3,424,169 233,860
208,561
3,866,596
N et earnings.......... 3,115,499
Interest on b o n d s........ 1,580,300

44,738
12,000

276,226
.............

3,436,463
1,592,300

B alan ce fo r sto ck .. 1,535,199
32,738
276,226
1,844,163
Interest on new Mutual Fuel Co. 5 to be issu ed....... ................ 250,000
B alan ce, surplus on basis o f prese t charges............................. 1,594,163
S ix per cen t o n $25,000,000 o f Pe< >le’ s C om pany sto ck ......... 1,500,000
jj h

B alance, surp. on present basis o f charges and dividends.

94,163

* Includes sales to H yd e Park Gas Co., $177,620, w h ich are charged
in the operatin g expenses o f that com pany.

The balance sheet o f the People’s Company for Aug. 2,
1897, was given in the C h r o n i c l e of Oct. 16, page 727.
Since that time the Chicago Economic Fuel Gas bonds for
$2,500,000, whieh were held in the treasury, have been replaced
by the new consols and the latter - sold. The balance sheets
of the several companies on Dec. 81 were :




Goods and g oods in hand....................................
679,271
538,874
R aw m aterial.........................................................
118,312
114,347
S u p p lie s ...!.............................................................
23,025
26,067
Scrap and turnings...............................................
3 ,9 9 »
3,548
Cash.........................................................................
143,409
134,193
B ills receiv a b le......................................................
12,189
38,194
P la n t................................................................... (a) 2,135,000 (a) 2 ,1 3 5 ,0 0 »
D raw ing, patterns and tem plets ($1 00), good
w ill and trade mark ($1 00) and patents
($1 0 0 )............................................................... (a)
3 (a)
3
31 8,14 3
D uplicate parts o f m achinery, dies, tools, etc.
314,508
2 5 0 ,0 0 »
Capital stock in Canada Screw C o............... (a)
250,000 (a)
243,163
Capital stook in B ritiih Scrpw C o ................ (a)
243,163 (a)

T ota l assets......... ............................................ 4,025,446
4,3 8 6 ,1 1 5
L iabilities—
A ccou n ts p a y a b le..................................................
51,444
6 9 ,5 2 »
B ills p a y a b le..........................................................
408,788
4 4 8 ,5 0 » ’
G uaranty fu n d ..................................................(a)
56,401 (a)
96,344
Capital stock .......................|................................ 3,250,000
3 ,2 5 0 ,0 0 »
Surplus....................................................................
258,814
521,751
T o ta l................. ................................... . .......... 4,025,446

4,386,115

(a) The valuation o f the several plant accounts, and o f draw ings,
patterns and tem plets, g ood w ill and trade m ark, and patents, is
nom inal. The p rop erty represented b y these accou n ts w as origin ally
entered upon the books at cost. The valu a tion o f the stock in the
B ritish and Canada com panies has also been reduced to the present
nom inal valuation o f 50 per cent o f par. The resolution under w h ich
these reductions w ere m ade authorized the directors in their d iscre­
tion to create by appropriations from the surplus a guaranty fund to
be used in liquidating values, and the sum o f $2,000,000 was so ap p ro­
priated. T he balance to the guaranty fu nd accoun t represents th e
present unused p ortion o f this appropriation.—V. 64, p. 607." . mhi jou a
n.

\

THE CHRONICLE.

F ebruary 19, 1898.]

363

M aryland Coal Company.
(R ep ort fo r the year ending December 31, 1897. )

offer of Feb. 1, 1898, to refund the 6 per cent guarantee fund
notes into the 4 per cent general mortgage gold bonds on
the basis named therein will be withdrawn on March 1 next.
The company has paid during the year the balance of its See notice in another column.—V. 66, p. 287.
first mortgage bonded indebtedness, viz., $27,001), and the
B altim ore Consolidated R y.—Half-yearly Statement.—
mortgage ha3 been canceled of record.
The report for the six months ending Dec. 31 shows:
The earnings, etc , have been as follow s :
1897.
C oal output, t o n s .........371,233
Credits a n d p a y ml ts— $
A m t. to cred it o f coa l
accou n t Dec. 3 1 ....... 808,075
C oal on hand Dec. 3 1 . 6,341
In terest r e c e i v e d ......
893

1996.
359,624
$

1895.
449,234
$

1894.
351,374
$

6 m onths
Gross
to Dec. 31—
e a r n ’ngs.
18 97.............................$ 1 ,2 7 0 ,1 0 3
1 8 9 6 ............................. 1,210,494

885,118
5,079
2,177

1,028,829
3,168
590

996,848
4,914

Average receipts per car mile (all sources), 18’23 cents,
against 16 79 cents in 1896; operating expenses per car mile,
8'02 cents, against 8*71 cents in 1896.—V. 65, p. 887.

T ota l cre d it............ 813,310
892,374
1,032,587
1,001,762
F ght,m ining, &c., ex p .685,628
764,024
905,547
895,821
T a x e s .............................
8,891
9,364
7,955
7,179
Im provem en ts.............. 9,346
18,799
15,929
In t. on 1st M. b o n d s...
425
4,690
5,040
5,237
D iv id e n d s.............. (4%) 75,363 (3!2% )65,944(4ia% )84,775 (3ia% )65,932
T o ta l p a y m e n ts ....779,658
B alan ce, surplus....... *33,652

862,812
29,562

1,003,317
29,270

990,098
11,664

* $30,000 credited to ro y a lty accou n t and $3,652 credited to profit
an d loss.
GENERAL BALANCE SHEET JANUARY 1. 1898.
Or.
D r.
R ea l estate.......................$2,000,000 Capital stock—C om m on. $11,100
Im p rov ’ ts and personal
P refer’ d. 1,885,005
p r o p e r ty .......................
60,875
T reasury 103,895
G eorge’ s Creek and
A ccou nts p a y a b le ............
14,238
Cum berl’d R R . sto ck .
10(5,000 R oy a lty acco u n t.............. 275,000
Coal on h a n d ..................
6,342 Profit and loss a cco u n t..
23,866
A ccou n ts r e ce iv a b le ...
121,354
C ash..................................
19.534
T o ta l...........................$2,313,104
—Y . 65, p. 1071.

T o ta l......................... $2,313,104

Quincy M ining Company.
1 (R eport fo r year ending Dec. 31, 1897.)
The capital' stock was increased on April 16, 1897, from
$1,250,(00 to $2,500,000. The report shows :
PRODUCT, EARNINGS, EXPENSES, ETC.

18^6.
1897.
1895.
1894.
M ineral produced, lbs.,20,630,625 20,370,725 19,732,970 18,864,754
R efined co p p e r....... l b s .16,924,618 16,863,477 16,304,721 15,484,014
$
$
$
$
G ross in co m e................. 1,890,239 1,864,198 1,6 1,446 1,470,272
O perating expenses,etc. 1,169,471 1,108,569
969,372
880,216
N et p rofits................. 720,768
O ther incom e (n et)....... .
10,512

755,628
14,435

692,074
8,415

590,056
2,531

770,063
1,000,000

700,489
600,000

592,587
400,000

B alance su rplus___ def.68,720 def.229,937
B alan ce o f assets Dec.31 1,211,171
927,564

100,489
1,007,501

192,587
907,011

T otal net in c o m e ... .
D iv id en d s........................ .

731,280
800,000

ASSETS AND LIABILITIES, EXCLUSIVE OP REAL ESTATE AND MINE PLANT,
JAN. 1, 1898.
.

A ssets—
Cash and co p p e r.$1,120,717
Accounts receivable.. . .
82,943
Supplies at m in e................ 134,997
M iscellaneou s....................
9,827

L ia bilities—
D rafts unpaid .................
$6,194
D ividends u n p a id ............
1,686
A c c ’nts payable in N. Y ... 25,175
“
“
a tm in e.. 104,257

T o t a l .......... ........$ 1 ,3 4 8 ,4 8 4
B alance, net assets
—V . 63, p . 611.

T q ta l............................. $137,312
$1,211,171

GENERAL INVESTMENT NEWS.

Net
earnings.
$710,884
582,618

Interest
amt taxes.
$381,996
374,900

B alance,
Surplus.
$328,888
207,718

Baltim ore & Ohio R R .—Receivers Authorized to Acquire
5,100 Freight Gars.—A t Baltimore, Feb. 15, the United States
Circuit Court authorized the receivers to contract for 5,100
freight cars on the terms mentioned on page 287 of the
C h r o n i c l e for Feb. 5, 1898.—V. 66, p. 287.
B rooklyn Elevated RR .—Quarterly.—Earnings for the
quarter and the six months ending Dec. 31 have been reported
as fo llo w s:
3 m onths end.
Gross
Dee. 31.
earnings.
18 97............................ $459,404
1896
............... 433,914
6 m onths ~
~
1897 ...........................$832,655
1 8 96............................ 806.789
—V. 66, p. 234.

N et
earnings.
$175,137
177,266

Interest,
taxes, etc.
$214,781
221,633

B alance,
deficit.
def.$39,644
def. 44 367

$297,190
309,678

$430,298
441,687

d ef.$133,108
def. 132,009

B rooklyn Elevated H R —Second Instalment o f Assessment,
—The Olcott Reorganization Committee gives notice that in
pursuance o f the plan of reorganization, the second instal­
ment of 25 per cent of the amounts to be paid by the various
security holders is payable at the Central Trust Company on
March 7.—V. 66, p. 234.
B rooklyn Rapid Transit R R .—Nassau E lectric R R .—
Coney Island & Brooklyn RR .—Trolley on Brooklyn Bridge.
—On Tuesday afternoon the trolley service on the Brooklyn
Bridge was increased so as to include the following five
lin-s, viz.: Of the Brooklyn Rapid Transit system, the Ful­
ton Street, the Myrtle Avenue and the Flushing Avenue
lines; of the Nassau Electric R R ., the Fifth Avenue line ;
of the Coney Island & Brooklyn system, the DsKalb Avenue
line. The cars were run on about one minute headway and
during the rush hours were generally crowded. The neces­
sary changes on the bridge having been completed, the com ­
panies intend gradually to increase the service until during
the rush hours the time between cars will probably be only
about a quarter of a minute. Yesterday the Gates Avenue
line of the Rapid Transit system and the Park Avenue line
of the Nassau Electric RR. were added to those using the
bridge.—Y . 66, p. 234, 183, 38.
Canadian P acific Ry. —
Dividend Increased.—The company
on Tuesday declared a dividend of
per cent for the halfyear ended Dec. 31 on its ordinary shares, an increase of 1
per cent. In 1897 the common stock received 1 per cent in
April and X% per cent in October, making 2% per cent
during the calendar year. The same amount also was paid
in 1896, but in 1895 the common stock received nothing.
From 1890, however, to 1894, inclusive, its dividends aggre­
gated 5 per cent yearly, but of this amount 3 per cent yearly
to and including August, 1893, was received as an annuity
from the Canadian Government. The preliminary report for
1897 is given on a preceding page.—Y. 65, p. 823,

Charleston & Western Carolina Ry.—Angnsta Term inal
R y .—Bonds Offered.—First mortgage 5 per cent 50-year gold
bonds of the Cbarl. & West. Carolina to the amount of $2,720,(00 are offered for sale by advertisement in another column.
These bonds, which are limited to $8 000 per mile, were re­
ferred to in the C h r o n i c l e last week on page 335 in connec­
tion with a statement of earnings. It is not perhaps gener­
ally known that very extensive improvements have been
R a il r o a d s and M is . C o . (Oon.) made on the property during the past year through the
Volume 6 6 —
Page.
Topeka W ater Co.c oups. to be fund. 339 medium of the Augusta Terminal Ry. Co., and that these im ­
Union Pac ...... payment of 1st 6s. 238 provements are expected to increase largely the earnings of
do sale of coll, for Morgan notes. 290
do sale of coll, for 6s of 1879........ 238 the road. On these points a letter from W . A. C. Ewen, re­
do Kansas Pacific sals................. 2^0
cently Yice-President of the company, says in substance:
W . G. H itchcock & Go.pl.operativ % 185

Reorganizations, Etc.—Latest Data as to Defaults, Reor­
ganization Plans, Payment o f Overdue Coupons, Etc.—A l l
facts of this nature appearing since the publication of the last
issues of the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e ­
m e n t s may be readily found by means of the following index.
This index does not include matter in to-day’s C h r o n i c l e .
R a il r o a d s

and

Volume 66—

M is c e l . C o .’ s .

Page.

Brooklyn & Bri ght’n B ’ch . rcvsctjs. 287
Brunswick Light & W ater...... sale. 183
Central W ashington R R
. .s"ld. 183
Chicago R. I & Pac.. .re/tin'i..235. 288
Chic. & So. East R R .npplic. forrcvr. 288
Cit. Elec. Light (Houstonhreceiven 235
Col. & H ock. <\ & I .recv.discharged. 183
Connersville Gas & Electric, sold. 335
D enver & R io Grande... refunding. 236
Duluth Gas & W ater Co .......... soli. 386
E lectro-Pneum atic Tran.com. 183, 236
E qu itable Gas Lt. plan operative... 337
F o rt Plain & Rich.SiT.saJe postp’d. 183
H utcLins’n &So.soM.i83; new seen. 236
International Paper Cos.
consol. 288
Kankakee W ater C o .. . . . . receiver 188
L a Follette Coal& Ir.Co.foreclosure. 336
Lake S.&Mich 8o.peud’gconsol.237. 288
Mammoth Cave Ry. ___ sale..236, 2*7
Memphis & Charleston............. sale. 237
M ontgomery Light Co ........... sold. 237
Natalie Anthracite Coal..........sale. 184
N. v .& E. Riy. Gas.pl in operative. 337
N. Y. Biscuit___p'an underwritten. 237
N.Y.C. & H. R. .pending consol.237, 28-i
N.Y. Susq. & W . ttR.offerfrom « rie. 335
N orfolk & Ocean V iew ............. sale. 184
No. Pac. R y offer to General First.' s, 337
P ecos Val. Jm.r.organiz'n effected 338
P eoria Dec. & E v .. .deposit notice.. 184
Peoria W ater Co.
plan modified. 338
Rapid Transit in N.V. City___plan. 289
R ock y Mountain Oil Co........ reevr. 338
South Jersey................ reorg. <lan. 185
Standard Plate Glass........ receiver. 238

Zanesville Terminal Ry...receiver. 185

St r e e t R a il w a y s .
F ull fa c e fig u res indicate V. 66.
Volumes 65 and 6 6 —
Akron St. Ry. & Ill’g ...... receivers. 1 3 ii
Boston Eiev........... iVest End lease. 1222

Brook. & Brighton B each ...recw 1 8 3
Brooklyn Cable R R ...... ......... reorg. 8 0
Brook. Elevated. 1st instal.of as ■ 1 8 3
ess.
do
foreclosure. 234
Cincinnati Incline Plane..........sale JS1
Columbia & M a ry la n d ........... sale.'Z8 8
Dallas City St................ .............sold.1173
Englewood & Chicago E lec... reorg. 8 1
Front St. Cable (Seattle).......soli. IN 3
Hannibal (Mo.) gr. R y ............. sold. 3H
Lake Cities E le c t r ic ........ receiver.'i8 8
Lincol n (N eb.> Ry .rear. 8 'Z,1 3 4 , 3 3 «
St.
Lynchburg Electric (V a.)....... sale. 236
Madison (W is.) City R y ..........soid.1071
Nassau Electric (B ’k lyn ). readjust. 3 0
N.J. Electric (P aterson )rcvr.ll74.JiNH
Paterson Central Elec....receiver. 1 3 5
Rockaway Village H R ............. sale. 8 3
Terre H aute E lec ...reevrship, cose.1025
do
....... defaulted, 1 8 5

Atchison Topeka & Santa Fe R R .—Offer o f Feb. 1 to Refund
Guarantee Fund Notes to be Withdrawn on March 1. —The




W hen the Charleston & Western C arolina R y. Co. took possession o f
the p roperty, it ow ned no term inals in the city o f Augusta, G a., and
m ost o f the equipm ent was rented from con n ectin g lines: the p ro p ­
erty also needed new rails, steel bridges, equipm ent and enlargem ent
o f yards and rebuilding o f wharves. In tlie'reorganization the new
first m ortgage wasVIimited to $8,000 per mile, and the incom e bonds to
$7,000 per m ile, and no further liens were perm itted. The com pan y
itself was therefore w ithout the financial m eans to m ake im p rov e­
m ents.
F or this reason it was decided to organize the Augusta Term inal
R ailw ay Co., which should furnish (1) a loca l freight depot, m ain line
and side tracks in the city o f Augusta, (2) rolling stock, as follow s: 15
new locom otives, 18 oars fo r baggage, m ail and passenger service, 10
cabooses a n d -375 freight cars, all o f 60,000 lbs. cap acity and wioh
autom atic couplers and air-brakes (viz., 50 coa l cars, 75 flat cars and
250 b o x ears), and (3) m eans fo r im provem ents upon the pr >perty to
cost about $170,000, viz,: 3,000 tons n ew 65-lb. steel rails w ith
fastenings, etc.; five new steel b iid g es, including one across the Sa­
vannah R iver; enlargem ent o f yards and rebuilding o f w harves and
warehouses at"Port R oyal, S. C.
The C. & W. C. R y. on April 1st, 1°9 7 , leased in perpetuity the r a il-'
road, warehouses and term inal fa cilities o f the A ugusta Term inal
Com pany, and also the side-tracks and equipm ent, at a rent n ot to e x ­
ceed $36,000 per year, to be paid by the C. & W. C. Ry. guaranteeing
not to exceed $600,000 first m ortgage 6 p. o. bon ds o f the Term inal R y .
Co., and, in addition, all taxes and expense o f m aintaining corp ora te
existence. The entire capital stock ($200,000) o f the A ugu sta T er­
m inal R y. Co. is ow ned b y the C. & W . C. Ry,
m IK jU8
ice
H

884

THE CHRONICLE

fV o i., LA > I.

The total lenatli o f the m ain line and side-tracks laid d ow n b y the
A ugusta Term inal R ailw ay Co. is a little m ore than 2 ^ m iles o f track,
w hile its substantial freight depot,w hich in p oin t o f accessability to the
business section is superior to any railroad in Augusta, is 313 feet by
50 feet. A t Port R oyal, S. C., the Term inal Ry. Co. has furnished the
fu nds w ith w hich W narves Nos. 1 and 2 w ere entirely rebuilt, W harf
N o. 3 re-roofed, and the warehouses (whose aggregate storage cap acity
is approxim ately 7,500 bales cotton ), were rebuilt, etc.
The earnings o f the Charleston & W estern Carolina fo r the year end­
in g Sept. 30, 1897, w ere m ade w ithout the aid o f the facilities fur­
nished b y the Term inal Cum pany. The freight d epot and im prove­
m ents were n o t com pleted until Oct. 1st. The cars were receiv ed in
M ay, bu t the engines were n ot p u t in service until the bridges were
com pleted at the end o f Septem ber. I estimate that the term inals and
oth er im provem ents should add $50,000 net to the earnings fo r the
year ending Sept. 3 0 ,1 8 9 8 . I f the rental o f $36,000 is deducted from
this, the C. & W. C. should gain about $14,000 profit from the lease o f
the p rop erty and equipm ent o f the Term inal Company.
The O. & W. C. is a line o f strategic im portance fo r ex p ort and
other business from the W est to Savannah, Port Royal and Charles­
ton. P o rt R oyal has the finest deep w ater p ort south o f N orfolk on the
South A tla n tic and G u lf seaboard, there being 26 feet o f w ater at the
com pan y’s piers. No other railroad reaches P o rt R oyal, and the C. &
W. C. ow ns all the term inals available there, either fo r railroad or
shipping purposes. The C. & W. C. furnishes the Seaboard A ir Line
system its only entrance into A ugusta fo r eastern and southern bus­
iness, and also fo r the territory w est o f G reenw ood.—V. 66, p. 335.

Judge D ow dell, iu C hancery Court, St. Claire County, to-day handed
d ow n a decree in the case o f B row ning and others vs. estate o f Eugene
K elly o f N ew Y ork, decla rin g that the $625,000 o f receiv er’s certifi­
cates on the East & West RR. o f A labam a bought by the estate to be a
lien on the p rop erty p rior to all others. H e fu rther decided that
B row ning and others, m ajority bondholders, could com e in fo r a ninetenths interest in the p rop erty after paying the K elly estate the fa ce
value o f the certificates and other holdings am ounting to about
$1,000,000. I f sustained b y the Supreme Court, as seem s to be assured
in the light o f form er decisions, rhe K elly estate will com e into fu ll
possession o f the road, whi'-h is not worth enough to ju stify B row ning
and others to make the required naym ent. The road runs from Cartersville, Ga., to Pell City, Ala., 130 miles. T *e Seaboard A ir Line had
practically concluded arrangem ents w ith the K elly estate to buy this
road and com plete it to Birmingham, a distance o f 30 m iles, w hen the
litigation sprang up. N egotiations have been revived recen tly , and
w ill p rob ably result as origin ally outlined.—V. 56, p. 923.

Chicago Rock Island & Pacific R R .— Mortgage Author­
ized.—The new $100,« 00,009 mortgage was duly authorized
by the stockholders on Tuesday.
Expiration o f Right to Exchange.—The privilege given to
the bondholders to exchange their bonds for the new general
mortgage 4 per cent refunding gold bonds expired on Thurs­
day, and Messrs. Speyer & Co. state the refunding proposition
has been a great success. The privilege will not be extended.
The new bonds are now quoted at 104 and interest.
Bonds Called.—The directors yesterday formally resolved
to call the extension and collateral 5 per cent bonds for re­
demption on April 30, and the debenture bonds Sept. 1—"V
".
66, p. 288.

Erie Telegraph & Telephone.— Yearly Statement.—In ad­
vance of the report, the following is given for the year 1897:

Edison E lectric Illu m in ating Co. o f New Y ork.—
$1,200,000 New Stock Offered at par to Stockholders.—The
company, for the further extension of its business, is offering
to stockholders of record on March 10 the right to subscribe
at par for $1,200,000 new stock to an amount equal to 15 per
cent of their holdings. Payments to be made in three equal
instalments as follows : On March 10, 1893, on May 2, 1898,
on Aug. 2, 1898. Subscriptions will be received not later
Charlotte E lectric Ry. Light & Pow er Co., Charlotte, N. C. than 3 o’clock p. m . March 10, 1898. The new stock does not
—Extension and Gas Mains.—The company has just secured carry interest or dividends until fully paid. Stockholders
the right of way for an extension of its tracks. The Board may anticipate the full payment, receiving 3 per cent dis­
of Aldermen also granted the company permission to lay gas count until the stock is delivered.—V. 65, p. 332, 342.
mains throughout the city. The gas feature was added to its
Electro-Pneumatie Transit Co.—Minority o f Stock Depos­
charter as amended January, 1895,
ited.—Penalty A fter Feb. 28.—The Waterbury Committee
Chicago B urlington & Quincy R R .—Dividend Increased. announces that more than a majority o f the stock has been
—The directors on Wednesday declared a quarterly dividend deposited under the agreement of Jan. 19, and that after
of V/£ per cent, payable March 15. This increases the annual Feb. 28, 1898, no stoik will be received except upon the pay­
rate to 5 per cent, contrasting with 4 per cent from 1895 to ment of a penal'y of ten cents per share in addition to »he
1897 inclusive, with 4■% in 1894 and 5 per cent in 1892 and twenty cents per share provided in the agreement. The Man­
1893.— V. 65, p. 1172.
hattan Trust Co. is depository.—Y. 65, p. 236.

Year—
Div's o f Sub. Cos. H x p .a n d in t.
$137,903
1 - 9 7 .......................... $364,550
1 8 ^ 6 .......................... 314,914
106,274
1 8 9 5 ........................... 275,337
60,855
1 8 9 4 .......................... 240,667
25,756
—V. 66, p. 81.

Dividends.
$19 3,000
192,000
192,000
192.000

S urplus.
$34. 47
16,640
22,482
22,911

Fitchburg R R .— N?w President and New Bonds.—At Bos­
ton, Mass., Feb. 15, Vice President Edmund D. Codmau was
unanimously elected President o f the company. The new
issue of bonds, referred to last week, has been duly author­
ized by the Railroad Commissioners,—V. 86, p. 336.

New England
R
H artford
Chicago & Western Indiana R R.—Bonds Called.—Ninety RR.— Proposition Ro .—New York New Haven o& the New
Merger.—The directors f
first mortgage bonds o f 1879 will be redeemed at 105 bv the York New Haven &f Hartford RR. on Saturday last adopted
■
operation of the sinking fund on May 1 next at the office of a resolution expressing a willingness to merge the New Eng­
Messrs. J. P. Morgan & Co., New York.—V. 65, p. 620.
land RR. on a basis of five shares of New England common
Cumberland Telephone—Great Southern Telephone & stock, or two shares of New England preferred stock, for one
Telegraph.—Proposed Consolidation.—The stockholders of share of New Haven stock, provided that the merger be duly
the Cumberland Telephone Co., which operates in Tennessee ratified by the stockholders interested, Five or six months,
and a part of Kentucky, will vote on March 3 at the annual it is stated, may elapse before the plan can be consummated,
meeting in Hopkinsville, Ky., on a proposition to absorb by as it will require action by the stockholders of both com ­
consolidation the Great Southern Telephone & Telegraph panies and by the legislatures of Rhode Island and Massa­
Company. The latter corporation operates in Mississippi chusetts.
and Louisiana (including New Orleans) and the plan is to
The New England R R. ha3 outstanding 20 millions of com ­
connect the two systems by a long-distance line, affording mon and 5 millions of preferred stock. Of these amounts
direct service between Memphis, New Orleans, etc. The $11,770,001) common and $1,254,900 preferred are owned by the
Cumberland Telephone Co. has outstanding $1,695,700 of New Haven Co. To take up the minority interest, there­
capital stock, which has been paying dividends o f 4 per cent fore, on the terms proposed, the New Haven Company will
per annum. This stock will be increased to $3,000,000. be obliged to i*sue stock to a total o f $3,518,550. Upon this
The Nashville “ Banner” is authority for the statement that new issue the additional dividend charge at the present rate
there will also be issued $600,000 of 5 per cent thirty-year of dividends (8 per cent) will be $28 ,484 per annum.—V. 65*
bonds, part of an issue of $1,000,000 bonds authorized in p. 869, 925.
March, 1697; also that the bonds will be issued in part to pay
New York Central & Hudson R iver R R .—Increase o f Price
a floating debt of $350,000, and for other purposes. This state­
ment may, however, be a mistake, as President James E. o f 3)4, Per Gent Bonds in Exchange.—J. P. Morgan & Co,Caldwell in the following announcement regarding the in­ in conjunction with their London firm announce that holders
of $20,000,009 of the bonds enumerated in their circular
crease of stocks ays nothing as to an issue o f bonds :
of Jan. 1st last have availed themselves o f the offer to con­
B riefly stated, the term s o f the trade with the Great Southern T e le ­
vert their holdings into the new 3)4 per cent gold bonds o f
phone & T elegraph Co. are as follow s:
There will be issued one share o f Cum berland Telephone stock fo r 1997. The firms are prepared to receive an additional $20,~
every tw o shares o f Great Southern T elephone stock now outstanding, 000,000 of the various issues for conversion on the same terms
w hich, in round num bers, w ill require the issue o f *9 >0,000 o f Cum­ except that the price for the new 3)4 per cent mortgage gold
berland stock. In addition there w ill be issued, in round numbers,
$235,000 o f stock , w hich has been arranged to be paid for at one hun­ bonds will be 103)4 and interest, the right being reserved to
dred cents o n the dollar, in cash, which will go into the treasury o f further advance this price without notice.—V. 66, p. 337.

this com pan y to be used in develop ing the oroperty. There will then
b e le ft $125,000 o f the capital stock available fo r any further exten
sion o f the p roperty that m ay be fou nd necessary in the future.
In order to p rovide fo r certain contingent liabilities outstanding
against the Great Southern Telephone & Telegraph Co., the stock ­
holders o f that com pan y w ill w aive dividends fo r one year on the
stock o f the Cum berland Telephone & T elegraph Co. which they will
receiv e in the event that said liabilities are ju d icia lly determ ined
against them. This trade has m et with the unanim ous ap p roval o f the
board o f d irectors o f this com pany.

D etroit Telephone Co.— Bonds Offered.—The company is
offering at par $100,100 of its 25-year 6 per cent first mort­
gage gold bonds, part of an issue of $609,000 bonds in $100
pieces, secured by a mortgage to the Central Trust Co., as
trustee. The company reports that it is now collecting
$40 000 quarterly from telephones in service and that it is
earning over 8 per cent on its capital stock. Contracts, it
states, have been signed to the number of 6,272, from which
the annual contracted income is $213,765.— V. 63, p. 838.
East & West (Alabam a) R R .—Decision in fa v or o f Kelly
Estate.— A special dispatch from Birmingham Ala., to the
New Orleans “ Times-Democrat,” under date of Feb. 11, says :




Pennsylvania Heat. L ight & P ow er—Pennsylvania Man­
ufacturing, L ight & P ow er.—Plan Effective..—The Pennsyl­
vania Manufacturing, Light & Power Co. (the New Jersey
corporation formed to consolidate the electric-light companies
of Philadelphia) announced this week that it had acquired a
majority of the stock of the Pennsylvania Heat, Light &
Power Company. It is also offering to take on the
same terms the minority interest. Full control, it is stated,
has been acquired of all the other electric-light companies
of the city, as mentioned in our issue of Jan. 29 (page 237),
except the Siuthern and West Ead, and except also a com ­
pany called the Kensington, According to reports the con­
trol of these three companies also is likely to be obtained be­
fore the consolidation is finally consummated. The union
of the five smaller companies with the manufacturing c >mpany, it is stated, will be effected through the medium of a
company called the Hamilton Electric Co., wLth stock of
$1 300,000. The Pennsylvania Manufacturing, Light &
Power is expected to issue $15,000,000 stock and the same
amount of bonds,

F ebruary 19, 1898.]]

THR CHRONICLE

The circular sent by William P. Conover, Jr., Secretary of
‘the Pennsylvania Manufacturing, Light & Power Co., to the
stockholders of the Pennsylvania Heat, Light & Power Co.
w h o have not yet come into the plan, is as follows :
“ The Pennsylvania M anufacturing Light < P ow er C om pany has ac­
fe
q u ir e d a m ajority o f the shares o f stock o f the Pennsylvania Heat,
"Light & P ow er Co. fo r a consideration p ayable in its fifty-year 5 per
ce n t gold trust certificates, at the rate o f $66 fo r each share o f the
•preferred stock and o f $24 fo r each share o f the com m on stock ,
w ith the right to subscribe fo r one share o f the stock o f this
■company o f the par value o f $*■() per share fo r every fou r
shares o f the com m on or o f the preferred stock o f the P ennsylvania
Heat, Light & Pow er Co. purchased, upon which subscriptions an in'Stalment o f ten per cent w ill be called, payable as follow s: “ One-half,
o r $2 50 per share, upon subscription, and one-half, o r $2 50 per share,
w hen the certificates o f stock o f this com pan y are ready for delivery.
“ I f you desire to sell vour shares up on the same term s the P en n syl­
van ia M anufacturing, L igh t & P ow er Co. w ill purchase them if de­
p osited with the Guaranty Trust & Safe D eposit Co., Philadelphia, on
-or before M arch 1.” —Y . 66, p. 289.

P hiladelphia & Erie R R .—Annual Report.—The state­
ment presented at the annual meeting shows:
Year—
Gross.
1 8 9 7 ..'...............................$4,601,257
1 8 9 6 ................................... 4,*1 2,»1 1
1 8 95.................................. 4,378,574

Ntt.
Charges.
B al., Sur.
$1,302,079 $1,239,926
$62,153
1,231,996
1,224,432
7,564
1,181,840
1,177,313
4,527

From surplus in 1897 was paid 2 per cent ($48,000) on guar­
anteed stock.—Y. 65, p. 572.
Southern Ry. Memphis & Charleston R R .—Securities
and Purchase Authorized.—The stockholders of the Southern
Railway Oo. yesterday approved the acquisition of the Mem­
phis & Charleston R R . Co. and also authorized the proposed
issue'of bonds and stock to effect the same.—V. 66, p. 185,
p. 237.

3£he

385

C o m m e r c ia l

C OMME R C I A L

5 p ra es.

E P I T O ME .

February 18, 1398.
The disaster which occurred to the United States battle­
ship Maine while anchored in the Havana harbor and the
uncertainty as to the cause has been a disturbing feature in
both financial and commercial circles, and has had a ten­
dency to interrupt trade to some extent. There has been a
sharp upward turn to wheat values, particularly at the
Western market, the result of manipulation by a prominent
operator. Washington advices have reported the Bankruptcy
Bill under consideration in the House of Representatives and
that it will probably pass that body in the form reported;
also that important progress has been made by the House
Committee on Banking towards action on the currency ques­
tion. Press dispatches received from London report that a
British loan to China has been practically arranged.
•Lard on the spot has had only a limited sale, as neither
refiners nor exporters have been extensive buyers, but prices
have advanced in sympathy with a rise in futures,
closing at 5'373^c. for prime Western and 5 ’05c. for prime City.
Refined lard has been only moderately active, but prices
have advanced, closing atS’T'O for refined for the Continent.
c.
Speculation in lard futures at the West has been fairly
active, and early in the week prices advanced sharply on
buying by shorts and packers, stimulated by light receipts of
swine. Subsequently, however, realizing sales caused a re­
action. The close was steadier. The following are dosing
quotations;
F r id a y N ig h t

d a il y closing pr ic e s o f l a h d fu t u r e s .




.

.

fUSyracuse Rapid Transit Ry .—Securities Offered.—Edward
Sat.
Mon. lu e s .
Wed.
Thurs. F ri.
5-52 5-50
5-50
5*58
C. Jones Co. of New York and Philadelphia, Townsend M ay..................................... o. H T y . 5-55
Pork has been in moderately active demand and firmer, clos Whelen & Co. of Philadelphia, Pa., and the Mercantile Trust
& Deposit Co. of Baltimore, are offering for sale $1,250,010 ing at $10 75@1125 for mess, $11 25@12 50 for family and
o f this company’s fifty-year 5 per cent gold bonds at 101 and $10 75@12 50 for short clear. Cutmeats have had a fair sale
interest. $The company’ s net earnings for the half-year end­ for Dickled bellies at firmer prices, closing at 6@ 6^c. for
ing Dec. 31, 1897, were $119,194. while (the interest charge 12@10 lbs. average, 4%c. for pickled shoulders and 7J^@8c.
was $81,250. Inthe year ending June 30,1897, the net earnings for pickled hams. Beef has been in moderate demand at
were $178,074. See advertisement in another column.—V. higher prices, closing at $9 < 9 50 for mess, $10@U for packet,
i
>
63, p. 270.
$11@12 50 for family and $16@17 for extra India mess. Beef
hams have been unchanged at $23@24. Tallow has been
Union P acific R R .—Sale o f Kansas Pacific,—A t St. Louis quiet but steady at 3%@3%c. Oleostearine has been quiet
on Saturday last the reorganization committee guaranteed to and unchanged at 4%c. Lard stearine has been steady at
the Government a bid at the sale of the aided portions of the 6^@6J^c. for City. Cotton seed oil has advanced, closing at
Kansas Pacific which should equal the principal of the G ov­ 23c. for prime yellow. Butter has been steady at 14@20c. for
ernment debt incurred thereon—in other words $6,303,000. creamery. Cheese has been firm at 6 ^ d|9)^c. for State fac­
The sale was therefore allowed to proceed, the property tory, full cream. Fresh eggs have been firmer, closing at
being bought in at the subsidy sale oa Wednesday, Feb. 16, 16&c. for choice Western.
. by the committee, for the amount agreed upon. The East­
Tne Brazil grades o f coffee have been dull, a partial reduc­
ern Division was purchased on Thursday for the upset price, tion of % c. per pound in the price of package coffee having
nsmely $4,50 ',000, and the Middle Division yesterday for had a demoralizing influence; still, as there has been no
$5,300,000. The sales under the consolidated mortgage and pressure to sell, values have not weakened, cloring at 6%c.
the Denver Pacific mortgage will take place to-day and Mon- for R io No. 1 on the spot. The mild growths have continued
•
day respectively.
in fair demand for the desirable grades and prices have been
Sale Confirmed —New Securities.—The confirmation of the unchanged and firm at 8%@9c. for good Cucuta. East India
sale under the Government lien was made yesterday by growths have had only a jobbing sale, but values have held
Judge Sanborn at St, Louis, and ensures the ownership of the steady at 24c for standard Java. Speculation in the market
entire Kansas Pacific division by the Reorganized Company. for contracts was quiet up to the close of business to-day,
The increased price paid will necessitate the issue of more of when on fairly active buying prices advanced, closing firm.
the bonds than was at one time contemplated, but it is
Following are final asking prices :
thought that the full-amount will not exceed $90,000,0 '0.
P eb.......................
5'80o.
I M a y ....5 ’ 80o. |A u g .................................. 6 -0 0 o .
The issue of the new securities for the Kansas Pacific’s M arch...................... 5'80o. J u n e ...........5 ‘85o.
|Sept.................. 6 0 5 o .
I J u ly 5 ’95o. I D e o ..................... 6 1 5 o .
several divisions as provided for under the plan, it is ex­ A p ril........................S'SOo.
pected, can be made very shortly.
Raw sugars have been firm.Refiners have been buyers,
Collateral Trust Cold Notes 6s—Delay in Issue o f Preferred but the prices they have named have been slightly under
Stock.—George L. Venner has filed a bill against the Union sellers’ views, and only a small business has been transacted,
Pacific reorganization committee and J. P. Morgan & Co. re­ closing firm at 4 3-16c. bid for centrifugal, 96 deg, test, and
straining the delivery o f the 15 per cent o f preferred stock 3 ll-16c. bid for muscovado 89-deg. test. Refined sugars have
.going to the Union Pacific note holders. W e understand been moderatively active and firmer, closing at 5)^c. for
that the bill has no merit and is not likely to delay the deliv­ granulated. Syrups have been in demand for export, and
ery of the stock for more than a short time.
higher.. Molasses has been steady. Spices have been fairly
Union Pacific Lincoln & Colorado.—The proposition to ac­ active and firm. Teas have been steady.
quire this line is mentioned below.—V. 66, p. 339.
Kentucky tobacco has been firm but quiet. Seed leaf to­
bacco has been less active, but prices have held about steady.
Union Pacific L incoln & Colorado R y.—Union Pacific Sales for the week were 1,‘ 45 cases, as follows: 235 cases
R.R. -O ffer to Bondholders.—A meeting of the depositing bond­
holders under the agreement with the Cotting Committee 1896 crop, New England Havana seed, 16>£(flt35c.; 109 cases
will be held at 73 Tremont Street, Boston, on Thursday, Feb. 1896 crop, New England seed leaf, 22@30c.; 150 cases 1895
24th, 1893, for final action upon the terms o f a proposed ex­ crop Pennsylvania Havana seed, ll^ @ 1 2 )^ c .; 150 cases 1895
change of the deposited bonds for preferred and common crop, Pennsylvania seed leaf, ll%(a)12%c. ; 100 cases 1896
stock of the new Union Pacific R.R. Company, as follows : crop Pennsylvania seed leaf, 113^c.; 1(0 cases 1894-95 crops,
F or each $1,000 bond, with coupons of April 1st, 1894, and Gebhardts, 12@13c.; 10) cases 1895 crop, Dutch, ll@ 12i^c.,
.subsequent thereon, a9 deposited, four shares of said pre­ and 120 cases 1894-95 crops, Zimmers, 15i-£@17^c.; also 350
ferred stock of the par value of $400, and six shares of said bales Havana at 65c. to $110 in bond and 190 bales Sumatra
common stock of the par value of $600.—Y . 65, p. 513; V. 66, at 50c. to $1 85 in bond.
Straits tin has been moderately active aud prices have
,p. 339.
advanced slightly, closing at 14‘05@14i10c. Ingot copper has
W isconsin Central.— Reorganization.—The report of Ste­ continued in fairly active demand from both the home trade
phen Little, who has been examining the accounts o f the and exporters, and prices have advanced to llj^ c . for Lake.
•company, was submitted to the reorganization committee on Lead has been fairly active and higher, closing at 3’85c. for
Feb. IT, and it is believed will be used as the basis for a reor­ domestic. Spelter has been firmer and in fair demand, clos­
ganization plan. Edwin H, Abbot and Rowland Hazard ing at 41
10@41
15c. for domestic. Pig iron has been quiet and
have withdrawn from the committee, which now consists of unchanged at $9 75@12 00c. for domestic.
George Coppell. W. L Bull, John Crosby Brown, Fred T.
Refined petroleum has been moderately active, closing at
Gates, James C. Colgate and Gerald L. Hoyt, all of New 5"40c. in bbls., 2’9i)c. in bulk and 5‘90c. in cases; naphtha quiet
York. Mr. Abbot represents a considerable interest in the at 5*50c. Crude certificates have been more active and firmer;
;j_oint improvement bonds and also in the branch line securi­ credit balances have been advanced to 68c. Spirits turpentine
ties. It is understoid his withdrawal from the committee is has been quiet and the close was easier at 33%@34c. Rosins
due to the fact that he is not in sympathy with the proposed have been dull and unchanged at $1 42J^@145 for common and
'treatment of these securities in the plan shortly to be issued1 good strained. W ool has been moderately active and firm.
— V. 66, p. 136.
Hops have had a fair sale at full values.

886

THE CHRONICLE,

C OT T ON.
February 18, 1898.
T h e M o v e m e n t o p t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 185,133 bales,
against 200,866 bales last week and 2:23,128 bales the previous
week, making the total receipts since the 1st of S e p t.,1897,
7,196,986 bales, against 5,855,814 bales for the same period of
1896-7, showing an increase since Sep.1,1897, of 1,341,172 bales.
F r id a y N ig h t ,

Receipts at—

Sat.

Mon.

Tuf8.

Wed.

Thurs.

G alveston......... 3,498 6,566 2,673 4,607
......
T ex . City, &o.
N ew O rleans... 15,299 15,369 17,365 10,356
M o b ile ..............
1,909 1,176 1,840
66
F lorid a ..............
Savannah......... 2,602 4,017 4,656 2,946
......
......
B runsw ’ k,&c.
C harleston.......
1,059 1,053
282
646
P t. R oyal, &c. . . . . . .
......
......
......
W ilm ington.. . .
716
567
620
729
......
W ash’ton, &c.
......
......
N o r fo lk .............
882 1,542 1,905 1,956
.........
___
N’p ’t News, &c. . . . . . .
N ew Y o r k .......
1,009 1,010 1,151
997
B o sto n ..............
571 2,120
937 1,821
B a ltim o re ........
......
Philadel’ a, &c..
1,224
1,152

lo ia l.

F ri.

4,510 30,046
6,117
6,117
4,234 69,743
5,263
233
6,234
6,234
3,469 21>177
8,367
8,367
947
4,757
564
564
3,567
638
27
27
856
8,295
728
728
6,204
998
1,174
7,523
2,893
2,893
952
3,628

8,192
......
7,120
39
3,487
......
770
......
297
......
1,154
.........
1,039
900
300

T ot. this w eek 27,396 34,793 31,538 25,167 23,298 42.941 185,133

The follow ing shows the week’s total receipts,the total since
Sept. 1,1897, and the stock to-night, compared with last year.
R eceipts to
Feb. 18.
G alv eston ...
T ex . C.,&c.
N ew Orleans
M o b ile .........
F lorid a.........
S av an n ah ...
B r’ w ick,A c.
C harleston..
P .R oyal,& c.
W ilm ington.
W ash’n, &o.
N o r fo lk .......
N’p ortN .,& c
N ew Y o rk ...
B o s t o n .........
B a ltim o re . .
Philadel, Ac.

1897-98.
This
week.

1896-97.

Since Sep.
1 ,1 8 9 7 .

30,046 1,705,074
6.117
75,071
69,743 2,163,587
5,263 308,571
6,234
95,253
21,177 1,023,823
8,367 201,273
4,757 415,685
564
61,099
3,567 298,069
27
1,145
8,295 494,206
728
14,368
6,204
73,192
7,523 149,269
2,893
57,600
3,628
59,696

T ota ls....... 185,133 7,196,986

This
week.

Stock.

Since Sep.
1 ,1 8 9 6 .

1898.

17,158 1,220,645
3,723
89,449
33,758 1,797,553
4,213 251,159
30
68,691
7,952 732,369
740 135,201
5,453 368,358
58,485
1,049 228,459
11
818
4,728 628,772
327
14,538
400
42,348
3,093 136,349
1,747
52,996
29,624
552

1897.

553,627
41,982

117,843
3,738
366,404
32,930

103,445
3,526
25,658

68,129
3,553
36,522

18,034

12,581

63,005
1,003
190,795
50,000
34,920
10,024

17,534
100
273,431
22,000
18,519
7,078

84,934 5,855,814 1,286,675

980,362

190,656

In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
R eceipts at—

1898.

1897.

1896.

1895.

1894.

G alves’n,A o.
N ew Orleans
M o b ile ..........
S a v a n n a h ...
Chas’ton, Ac.
W ilm ’ton, &c
N o r fo lk ........
N , News, &o.
A ll o th e r s ...

36,163
69,743
5,263
21,177
5,321
3,594
8,295
728
34,849

20,881
33,758
4,213
7,952
5,453
1,060
4,728
327
6,562

19,524
41,158
4,244
15,750
10,603
1,970
8,657
1,211
6,273

20,321
31,633
3,217
8,966
6,309
1,756
3,054
2,431
14,120

8,148
30,340
1,871
9,287
10,451
2,031
5,518
3,243
12,002

18,146
25,951
1,822
7,075
1,225
301
4,968
2,154
3,854

T ot. this w k .

185,133

84,934

109,395

91,807

82,891

65,496

1893.

Since Sept. 1 7196.986 5855,814 4364,552 6598,259 5168,870 4283,350

The exports for the week ending this evening reach a total
f 164,290 bales, o f which 57,903 were to Great Britain, 25,174
o France and 81,213 to the rest of the Continent. Below
re the exports for the week and since Sent. 1, 1897.
Exports
from—

Week Ending Feb. 18,1898. From Sept. 1,1897, to Feb. 18,1898.
Exported to—
Exported to—
Great
France Conti­ 2otal Great France Conti­
Total.
Brit'n.
nent. Week. Britain.
nent.

G alveston....... 23,514 6,281 5,326
4,949
543
T e x . City, &o..
New Orleans.. 10,353 18,378 25,192
7,952
6,234
P ensacola......
15,200
Savannah........
6,700
4,850
B runsw ick.. ..
2,600
Charleston—
•Port R oyal___
W ilm in gton ...
N ’port N., Ac..
New Y ork .......
B altim ore....
Philadelphia..
San Fran., &e.
T o t a l...........

841
6,895
1,582
1,464
868
737

512

35.124
5,492
53,923
7,952
6,234
15,200
11,550
2,600

841
7,757 15,164
200 1,782
1,901
3.364
868
3,459 4,196

641,641
4,949
690,710
109,48«
59,818
67,932
126,450
81,703
45,662
108,556
54,746
6,538
188,483
179,009
60,269
10,751
2,422

261,891
316,440

33,547

200
35,728
2,188

315,584 1.219,116
17,477
22,426
475,548 1,482,704
30,882
486,514
49,897
196,4re
8,000
160,083
544
141,070
4,318
75,097
1.350
77,733

90,700
586,993
176,353
278,119
58,662
268,639

57,903 25,174 81,213 164,290 2,439,137 648,994 2,107,647 6,195,778

T otal, 1896-97. 59.605




In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
cleared, at the ports named. W e 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—

Feb. 18 at
New O rlea n s...
G alveston.........
S avan nah.........
C harleston.......
M ob ile...............
N orfolk..............
New Y o rk .........
Other p orts___

7,766 23,126 90.497 2,495.869 530,108 1.499,869 4.525,821

Great
Other
B ritain. F rance. F oreign

L ea vin g
stock.

Coast­
wise,

Total.

500
5,806
1,000
850
None.
7,500
None.
None.

79,521
55,046
25.000
5.350
23.000
18,500
10.200
40.000

23,518
11,991
4.000
1.000
16,000
5,000
4,800
19,000

20,757
8,815
None.
None.
None.
None.
2,300
None.

T otal 1 8 9 8 .,.

85,309

31,872 123,780 15,656

256,617 1,030,058

T otal 1 8 9 7 ...
T otal 1 8 9 6 ...

56,853
68,314

23,190
6,034

151,08s
1 5 2 ,6 '3

34,746
28,434
20.000
3,500
7.000
6.000
3,100
21,000

64,120
68,622

6,925
9,703

47 4,10 6
135,610
78,445
20,308
18,982
44,505
180.595
77,507

829,274
73 0,32 1

The rates on and off middling, as established Nov. 17, 1897,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
F air....................................
M iddling F air.....................
S trict G ood M iddling.......
G ood M iddling...................
S trict L ow M iddling.........
Low M iddling.....................
S trict G ood O rdinary.......

1 on.
n la on.
»9 on.
% on.
3, a off.
7 ,a off.
78 off.

G ood O rdin ary.............. c.
G ood M iddling T in g e d ...
Strict M iddling S ta in ed ..
M iddling Stained..............
Strict L ow Mid. S tained.
L ow M iddling S ta in e d ...

1^4 off*
Even*
73aoff.
7Ja off.
1*8 off.
13 b off.

Speculation in cotton for future delivery has been de­
cidedly less active and the buoyancy noted last week has dis­
appeared ; in fact, values for the week have declined slightly.
Foreign advices have been against an improvement in values.
Liverpool has reported a weakening in prices, with a sharp
falling off in the demand for spot cotton, and there has
also been fair selling in the local market for Liverpool
account. The advices received from the South have reported
prices as well maintained, but the fact that there has been a
falling off in the amount of sales reported the past few days
has been a development that has attracted considerable atten­
tion among local traders, being taken by some as an indica­
tion that the active demand for cotton at the South which
has been experienced thus far this season is beginning to
subside. The crop movement has continued large, running
considerably in excess of the movement in 1895; still, owing
to the fact that sellers have not been aggressive and that there
has been moderate buying for outside account, no pronounced
weakness has developed in prices. To day there was a dull
market. A t the opening prices weakened slightly under
limited selling for foreign account. Subsequently, however,
buying by a few local shorts to cover contracts “turned the
market steadier, and the close showed prices 1@2 points
higher for the day. The spot market has been dull and u n ­
changed, closing at 6 ^ c. for middling uplands.
On this basis the official prices for a few o f the grades fo r
the past week— Feb. 12 to Feb. 18—would be as follows.
UPLANDS.

S a t.

G ood O rdinary............................
L ow M iddling..............................
M iddling.......................................
G ood M iddling....... ....................
M iddling F air..............................
GULF.

M o n T n e s VVed T h .
5
5
513le 5 isle
6%
644
6^3
6161e 6l»t«

S a t.

F r i.

5
5l3le
6*4
6*2
6 l5ie

5
513le
6*4
6^
61618

Tb.

F r i.

514
6 'te
6*2
6%
731ft

5H
61ie
6*2
634
7316
F r i.

M o n T u e n V V ed
514
6 iis
6*3
6%
73, «

>
>
C
Ô
o
B
S a t.

STAIN ED.

5
51316
6>4
6^
6l5ja

M o n T u e s V V ed T b .

£
â
'Ö
o
tì

G ood O rdinary............................
Low M iddling..............................
M iddling.......................................
G ood M iddling.............................
M iddling F a ir..............................

Low M iddling..............................
H oli­
Strict M iddling. ......................... day.
G ood M iddling T in ged ..............

45a
5131P
61i2
614

514
«M e
6%
7 1«

5%
6 1,«
6*3
6%
73, a

45a
45g
5i3 16 5V31P
6V .
6%
6k

45a
45s
51316 5131S
6 isa
6 l32
6%
644

The quotations for middling upland at New York on
Feb. 18 for each of the past 32 years have been as follows.
1 8 9 0 .. ..C .III4
1 8 8 2 .. -.0.1158
1 8 98. ..0 . 6V4
1 8 7 4 .. ..c .1 6 %
18 89.. - . . . i o i 16 1 8 8 1 .. ....1 101 6
1 8 7 3 .. ....2 1
18 97.. . . . . 7^8
18 88.. ....1 0 5 8
18 80.. ___ 1313
1 8 7 2 .. ....2 3 3 s
18 96.. . . . . 7*8
1 8 8 7 .. . . . . 9I2
1 8 7 9 .. . . . . 95s
1 8 7 1 .. ....1 5 i8
18 95.. . . . . 558
1 8 7 8 .. ....1 0 7 8
1 8 7 0 .. ....2 4 3 8
. . . . 715l6 18 86.. . . . . 9
1894..
1 8 7 7 ..
1 8 6 9 .. ....2 9
18 93.. . . . . 9310 1 8 3 5 .. . . . . H H
18 84.. ....1 0 %
1 8 7 6 .. . . . . 1 2 78
1892.. . . . . 719
1 8 6 8 .. ....2 3
18 83.. ....IO I4
1 8 7 5 .. ....I 5 I 2
1 8 6 7 .. .. . . 3 2
1891-. . . . . 9
N o t e .—On Oct. 1 ,1 8 7 4 , grades o f cotton as qu oted w ere chan ged.
A ccord in g to the n ew classification M iddling was on that d a y q u oted
380. low er th an M iddling o f the old classification.
MARKET AND SALES.

The total sales o f cotton on the. spot and for future delivery
each day during the week are indicated in the follow ing
statement. For the convenience of the reader we also ada
a column which shows at a glance how the market closed
on same days.__________________________
SPOT MARKET
CLOSED.

7,282
365,281
137,554
12,101
80,151

LXVI,

[V ol.

Sat’day..
Monday.
Tuesday
Wed’day
Th’d a y ..
F rid ay..

S te a d y .............. .
Q u ie t..................
E asy....................
D ull.....................
D u ll....................

T ota l.. ..............................

SALES OF SPOT AND CONTRACT.

E x­
p ort.

....
....
....
....
....
—

Con- Spec- Con­
sum p. u l’t’ n tract.
.. H oll d a y ..
279
170
38
487

....
....

Total.
279

Sales o f
F utures.

....

38

15 8,90 0
142,800
112,500
105,000
81,100

300

787

60 0,30 0

300

470

THE CHRONICLE.

F ebruary 19, 1898,]

T he Sales and P rices of F utures at New Y ork are
shown in the follow ing comprehensive table.
3
H
Q 'toB g1
9USPI
5 £ o a S -g 1 o S S S
o 3.£*g
to o ® x
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18«)8
1897.
1896
189$
S tock at L iv e r p o o l....... ba les. 1,1 68,0 001 ,381 ,000 1,124,000 1,784,OOP
S tock a t L on d o n .......................
3,0 00
9,000
6,000
6,OOP
T ota l G reat B ritain stock . 1,1 71,0 001 ,393 ,000 1,130,000 1,7 9 0 ,0 0 b
7,000
20,000
26,000
2 7 ,0 0 0
S tock a t H a m b u rg ...................
Stock at B rem en ......................
329,000
201,000 270,000 33 6,00 0
Stock a t A m sterd a m ...............
3,000
7,000
9,0 00
16,000
S tock at R o tte rd a m .................
300
300
200
200
Stock at A n tw erp .....................
7,000
9,000
17,000
12,000
Stock at H a v re ..........................
283,000
230,000
309,000 52 2,00 0
Stock at M arseilles..................
4 ,0 00
5,000
7,000
5,000
68,000
64,000
74,000
81,000
Stock at B a rcelon a ..................
Stock at G en oa..........................
41,000
46,000
60,000
28,000
Stock at T rieste ........................
4,000
13,000
17,000
15,000
T ota l C ontinental stock s.. 746.300 595,300 789,200 1,042,200
T ota l E uropean s t o c k s .... 1,917,300 1,988,300 1,919.200 2 ,8 32,2 00
In d ia cotton afloat fo r E urope
49 .000
84,000 139,000
49 ,000
A m er.eotton afloa tfor E urope 560,000 366,000 375,000 493,000
figypt,B razil,& c.,aflt.for E ’pe
37,000
39,000
30,000
30,000
Stock In United States ports . 1,286,675 980,362 882,994 971.118
Stock in U. 8. in terior tow n s..
540,768 401,905
438,487 42 0,26 0
United States ex p orts to-d a y .
23.971
23,236
30.784
27,965
T ota l v isible su pp ly ...........4,414,714 3,882,803 3,815,465 4,8 2 3 ,5 5 2
G f the ab ove, tota ls o i A m erican and other d escrip tion s are as fo llo w s
A m e r ic a n —

L iverpool stock ..............b a les. 1,043,000 1,217,000 93 1,00 0 1,630,000
Continental stoou s...................
713,000 535,000 700,000 952,000
A m erican afloat fo r E u r o p e .. 560,000 366.000 375,000 493,000
United States sto ck ................. 1,286.675 980,363 882,994 971,118
United States interior stock s.
540.768 401,905
438,487 420,269
23,236
30,784
27,965United States ex p orts to -d a y .____ 23,971
T ota l A m erican ..................4,167,414 3,523,503 3,358,265 4,494,352
East In d ia n , B ra zil, do.—
L iverpool sto ck ........................
125,000 ‘ 167,000 193,000 154,000
London stock .............................
3,000
9,000
6,000
6,000
33,300
60,300
89,200
Continental stock s...................
90,200
India afloat fo r E u rop e..........
49,000
84,000 139,000
49.000
E gypt, B razil, &c., afloat.......
37,000
39,000
30,000
30.000
T otal E ast India, & o......... 247,300 353,300 457,200 329,200
T ota l A m erica n ...................4,167,414 3,523,503 3,358,265 4.494.352
T ota l visib le s u p p ly ......... 4,414,714 3,882,803 3,815,465 4,823,552
M iddling U pland, L iv e r p o o l..
3 i i 3ad.
378d.
4i«d .
3 i32d.
M iddling U pland, N ew Y o rk .
6 iio .
73 .
io
7 780.
5^qo.
E gypt G ood B row n, L iverp ool
4igd.
55led.
6J4d.
4%d*
Peruv.R ough G ood , L iv erp ool
6 7gd.
651ed.
6718d.
514a"
Broach Fine, L iv erp ool...........
3% 1.
378d.
4% d.
3 i8d*
T innevelly G ood , L iv e r p o o l..
3 ^ .
329s2d.
4532d.
38ieA*

(¡Egf" Imports into Continental ports past week 150,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 531.911 bales as compared with the same date
of 1897, a gain of 599,249 bales over the corresponding date
o f 1896 and a decrease of 408,838 bales from 1895.
A t the I nterior T owns the movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period o f 1896-97—is set out in detail below.

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turns and consequently all European figures are brought down,
to Thursday evening. Bat to make the total the complete
figures for to-night (Feb. 18), we add the item o f exports from
the United States including in it the exports o f Friday only.

>
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* Iaelu a«» sa es in f-epten-'er, t.>r ^ept«<uber, 84.900; Septem berO otober, fo r O ctober, 375,200; Septem ber-N ovem ber, fo r N ovem ber,
318,100; Septem ber D ecem ber, fo r D ecem ber, 1,181,400; Septem berJanuary, fo r January, 3,979,600.

The following exchanges have been made during tfye w e e k :
•17 pd. to e x o h . 4,700 M ob. fo r A ug. •03 pd. to exob. 3.100 Oot. f o r Aug•07 pd. to exob. 700 M ch. fo r May. •08 pd. to e x ch . 500 Moh. fo r May*
•10p d .t o e x o h . 1,< 0 0 M o b .fo r J ’ne. •15 pd. to e x c h . 500 M ob. fo r Oot.
*09 i'0 l o e a c b . 1,0"« M ay fo r Oct. ■03 pd. to e x o b . 2 0 " N ov. fo r Aug.
*01 pd. to exob. 2.000 Oot. fo r Aug. •17 p d. to exch. 1,200 Moh fo r A ug.
•02 pa. to ex ob. 200 Oot. fo r A ug.
•18 pd. to exob. 1.100 M ch fo r Aug.
•09 pd. to e x ob . 200 M ay fo r Aug. •14 pd. to exob. 200 Moh. fo r Ju ly.
•01 pd. to e x ch . 5C0 Sept, fo r Aug.. •10 pd. to exoh. 600 M ay fo r A ug. ’
•16 pd. to e x ch . 500 Mch. fo r A ug. •06 pd. to exob. 200 M ay fo r Ju ly.
E v en 500 D eo fo r Aug.
T he V isible Supply of C otton to-night, as made up bv

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00
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* L ast year’ s figures are fo r Colum bia, S. C.

cable and telegraph is as follows. Continental stocks, as well
The above totals show that the interior stocks have
as those for Great Britain and the afloat are this week’s re­ decreased during the week 17,787 bales, and are to-night 138,863




388

THE CHRONICLE,

[V C L . L X ^ I ,

bales more than at the same period last year. The receipts at
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic ad­
all the towns have been 55,252 bales more than the same vices from the South this evening denote that rain has been
week last year, and since Sept. I they are 1,223,301 bales m ore
quite general during the week, but that as a rule the precip­
than for the same time in 1896-97.
itation has been light. Our correspondent at Helena, A r­
Q u o t a t i o n s f o r M i d d l i n g C o t t o n a t O t h e r M a r k e t s .—
Below are closing quotations o f middling cotton at Southern kansas, states that cotton has not all been picked yet in that
and other principal cotton markets for each day o f the weeh. locality. The movement of the crop continues quite free.
Galveston, Texas.—It has rained on three days of the week,
C L O SIN G Q U O T A T IO N S F O R M ID D L IN G C O T T O N O N Week ending
the rainfall being one inch and twenty-four hundredths. The
Feb. 18.
F ri.
Satur.
M on.
Tuet.
Wednes. Thur».
thermometer has averaged 61, the highest being 72 and the
5I316
513 j 8
G a lv e sto n . .
513le
5 78
5 7s
5 I316
lowest 50.
N ew Orleans
5»8
5k
5k
508
5k
5 «]6
5916
M o b ile .........
S H ia
59xa
Palestine, Texas.—W e have had rain on two days of the
59,8
5 i l ;a
S av an n ah . .
55a
55g
55s
58b
580
5*8
past week, the precipitation reaching one inch and fifty hun­
Charleston..
55s
55s
55s
55s
5*8
5*8
dredths. The thermometer has averaged 58, ranging from
55g
W ilm ington.
558
55s
55a
5*8
558
N o r fo lk .......
42 to 74.
5 78
5 78
5 7a
5 78
5 78
5 78
B o s to n .........
61*
6k
6k
6k
6k
6k
Corpus Christi, Texas.—There has been rain on two days
B a ltim ore...
6
6
6
6
6
of the past week, to the extent of seventy hundredths of an
Philadelphia
6k
6k
6k
6k
A ugusta.......
The thermometer has ranged from 50 to 76, averag­
6
5 1 5 j-@ 6 5 7a @ i5 ]ß 5 78 ® 15lfl 5 78 ® l6ia 5 78 ® 1516 inch
55a
M e m p h is....
55b
55s
55a
55s
5*8
ing 63.
Bt. L o u is ....
55s
55g
55s
55s
55a
55s
San Antonio, Texas.—It has rained very lightly on two days
H o u s t o n ....
51318
513x8
5 i* 16
5t«ia
5k
5k
of the week, the rainfall being seven hundredths o f an inch;
C in cin n a ti..
5%
5%
5k
5k
5k
5%
L o u is v ille ...
55a
55s
55g
55s
minimum temperature 44.
55s
5*8
New Orleans, Louisiana.—W e have had rain on two days
The closing quotations to-day (Friday) at other importai t
during the week, to the extent of four inches and four hun­
Southern markets were as follows.
dredths. The thermometer has averaged 61.
A t h e n s ...........
5 7s I C olum bus, M iss
Site I N a sh v ille . . . . . . 5 k
Shreveport, Louisiana.—There has been rain on one day of
A tla n t a ........
5516
55g |N a tch e z..........
5 k E u fa u la .. . . . . . .
C h a rlo tte ___ _
the past week, the rainfall reaching fifty-two hundredths of an
558 L ittle R o o k ....
5^18 R a le ig h ............. 51«
C olum bu s. G a.
5% I M o n tg o m e ry ...
5% 1 S h r e v e p o r t..... 5 k
inch. The thermometer has averaged 56, ranging from 41
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 follow ing table to 72.
Columbus, Mississippi.— We have had rain on two days
indicates the actual movement each week from the plantations.
l*he figures do not inolude overland receipts nor Southern during the week, to the extent o f forty-nine hundredths of an
consumption; they are simply a statement o f the weekly inch. The thermometer has ranged from 40 to 82, averag­
movement from the plantations o f that part o f the crop which ing 58.
Leland, Mississippi.—There has been rain during the week
finally reaches the market through the outports.
to the extent of sixty hundredths of an inch. The thermom­
Week
Receipta at the Porte. St'k at Interior Town*. Rec’ptefrom FlanVn* eter has averaged 57’7, the highest being 73 and the lowest 36.
Vicksburg, Mississippi.— We have had rain on two days of
Rnding—
1898. 1897. 1896. 1898. 1897. 1896. 1898. 1897. 1896.
the past week, the precipitation reaching twenty-three hun­
Jam. 14....... 271.472 151,841 119,837 623,557 532.119 552,608 266,183 131,755 107,085 dredths o f an inch. The thermo meter has averaged 58, rang­
“
21....... 233,940 180.160 112,395 602,828 602,917 533.688 213,211 100,968 93.475 ing from 44 to 68.
** 28....... 208,710 138,302 122,902 690.970 471,180 606 878 196,852 106,571 95,092
Little Rock, Arkansas.—There has been rain on two days
F eb . 4 ....... 223,128 101,564 113,589 569,251 444,400 479.143 201,109 74,778 86,854
during the past week, the rainfall being fifty-six hundredths
ft 11....... 200 866 119,423 106,446 558,555 429,094 458.279 190,170 104.117 85,682
“
18....... 185,133 84,394 log.395 64'.768 401,905 438,487 167,346 57,745 89,603 of an inch. The thermometer has averaged 51, ranging from
30 to 69.
The above statement shows: 1.—That the total receipts
Helena, Arkansas.—Cotton is not all picked yet. It has
from the plantations since Sept. 1,1897, are 7,692 678 bales; in rained slowly on one day of the week, the precipitation being
1896 97 were 6,137,125 bales; in 1895-96 were 4,770,339 bales.
twenty-eight hundredths of an inch. The thermometer has
2.— That although the receipts at the outports the past week ranged from 34 to 62, averaging 48*6.
were 185,133 bales, the actual movement from plantations was
Memphis, Tennessee.—Rain has fallen on two days of the
167,846 bales, the balance being taken from stocks at interior week, to the extent o f eighty-three hundredths of an inch.
towns. Last year receipts from the plantations for the week Average thermometer 55‘2, highest 66*1 and lowest 34.
were 57,745 bales and for 1896 they were 89,603 bales.
Mobile, Alabama.—It has rained on three days of the week,
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 .— the precipitation reaching three inches and ninety three hun­
We give below a statement showing the overland movement dredths. The thermometer has averaged 59, ranging from
fo r the week and since Sept. 1, as made up from telegraphic 45 to 74.
Montgomery, Alabama.—Rain has fallen on one day during
reports Friday night. The results for the week ending
the week, the rainfall reaching fifty-four hundredths of an
inch. The thermometer has ranged from 45 to 66, averag­
1897-98.
ing 56.
1896-97.
Selma, Alabama.—Rain has fallen on three days o f the
F eb ru a ry 18.
Since
Since
week, to the extent of one inch and twenty six hundredths.
Week. Sept. 1.
Week. Sept. 1.
Average thermometer 65, highest 76, lowest 35.
Shipped—
Madison, Florida.—It has rained on one day of the week,
V I» 8t. L o u is .................................. 25,197 680,604 12,968 418,977
the rainfall being one inch and ten hundredths. The ther­
V ia C a iro ........................................
8,835 276,425
7,122 222,979
V ia P a r k e r .....................................
1,170
1,124
22,603
12,484 mometer has averaged 63, the highest being 79 and the low ­
Via R ook Islan d......... ..................
1,299
39,650
100
12,535 est 44.
V ia L o u is v ille ..............................
3,156
90,655
3,787 111,238
Savannah, Georgia.—W e have had no rain the past week.
Via C in cin n ati........................... .
4,155
93,842
7,182 105,396
V ia o th e r rou tes, A c ....................
5,088 115,110
2,795
87,099 The thermometer has ranged from 35 to 75, averaging 57.
Augusta, Georgia.—Dry weather has prevailed all the week.
T o ta l g ro ss o v e rla n d ................ 48,900 1,318,889 35,078 970,708 Average thermometer 54, highest 74, lowest 33.
Deduct shipm ents—
Charleston, South Carolina.—There has been no rain dur­
O verland to N. Y ., B oston , <fec.. 20,248 339,757
5,792 261,317
B etw een in te rio r tow n s..............
204
20,447
19
3,182 ing the week. The thermometer has avereaged 56, the
1,202
In la n d , &o., fr o m South..............
26,682
517
25,208 highest being 76 and the lowest 41.
Stateburg, South Carolina.—There has been no rain during
T o ta l to he d e d u cte d ......... .
21,654 386,886
6,328 289,707
the week, but high winds occurred on Tuesday, and the at­
L e a v in g to ta l n et o v e rla n d * .. 27,246 932,003 28,750 681,001 mosphere is very smokv.
The thermometer has averaged
54’ 1, ranging from 32 to 75.
* Includ ing m ovem ent b y rail to Canada.
Greenwood, South Carolina.—W e have had rain on one day
The foregoing shows that the week’s net overland movement
this year has been 27,246 bales, against 28,750 bales for the of the week, to the extent of twenty hundredths of an inch.
week in 1897, and that for the season to date the aggregate net The thermometer has ranged from 37 to 64, averaging 50.
Wilson, North Carolina.— We have had no rain during the
overland exhibits an increase over a year ago o f 251,002 bales.
past week.
Average thermometer 50, highest 72 and
1897-98.
lowest 28.
1896-97.
I n Sight and Spinners’
The following statement we have also received by telegraph,
Since
T akings.
Since
Showing the height o f the rivers at the points named at
Week. Sept. 1.
Week. Sept. 1.
o’clock February 17, 1898, and February 18, 1897.
R eceipts at p orts to Feb. 1 8 ......... 185,133 7,196,986
Net overla n d to Feb. 18..........
27,246 932,003
Southern con su m p tion to Feb. 18 22,000 551,000

84,934 5,855,814
28,750 681,001
21,000 508,000

T o ta l m a r k e te d ......................... 234,379 8,679,989 134,684 7,044,815
In terior stock s in e x c e s s . . . . ........ *17,787 495,692 *27,189 281,311
Cam e in to sig h t d a rin g w e e k . 216,592
107,495
9,175,681
T o ta l in sig h t Feb. 1 8 ..............
7,326,126
N ortb’ n sD in n erstak ’ gs to Feb.18 53,967 1,658,189
' Deerease during w eek.

44,332 1,226,739

Feb. 17, ’ 98. Feb. 18, ’97.
New O rleans— .
M em phis..............
NashviMe..............
Shreveport...........
V icksburg.............

Feet.
15 0
13 7
5 5
5 ’4
41*7

Feet.
8 5
24-8
14’8
2 ’7
27’4

J u t e B u t t s , B a g g i n g , & c . —The market for jute bagging
has been quiet during the week under review at 4%c for 1%
It will be seen by the above that there has come into sight lbs., 5c. for 2 lbs. and 5%c. for 2% lbs. The market for jute
during the week 216,591 bales, against 107,495 bales for the butts has continued quiet. Quotations are ’80c. for paper
same week o f 1897, and that the increase in amount in sigl t quality, l ^ c . for mixing and
for spinning cuttings,
'4o-Dight as compared with last year is 1,849,555 bales.
to arrive.
‘




THE CHRONICLE.

F ebruary 19, iss?8.j

389

Week E nding Feb. 18.
I ndia Cotton Movement from all P orts.—The receipts
Exports
from —
Great F r’ nce
o f cotton at Bombay and the shipments from all India ports
Total.
B rit’n. <Sc.
for the week ending Feb. 17, and for the season from Sept. 1
Savannah...
to Feb. 17 for three years have been as follows:
__
1896-97.

1897-98.
Receipts at—

Since
Sept. 1.

Week.
B om b a y ..........

Week.
57,000

466,000

59,000

Conti­
nent.

Great
Britain.

B om bay—
18 97-9 3..
18 96-9 7..
1 8 95-9 6..
C alcutta—
1 8 97-9 8..
18 96 -9 7 ..
1 8 95-9 6..
M adras—
1 8 97-9 8..
1 8 96-9 7..
1 8 95-9 6..
A ll others—
1897-9 8..
1896-9 7..
1895-96..

......

Total.

„
,
Week.

628,000

Since
sept. 1.

59,uu0l

Great
B ritain.

.........

T ota l a ll—
1897-9 8..
1896-97
1895-9 6..

Since
Sept. 1.

967,000

Since September 1.

F or the Week.
E xports
from —

1895-96.

Conti­
nent.

7,000

5,000

1,000
7,000

5,000

80,000
181,000
257,000

2,000

7,000

9,000
19,000
9,000

24,000

4,000
5,000

2,000

6,000

1,000

7,000

5,000

1,000

1,000

23,000
41,000
30,000

32,000
54,000
49,000

14,000
33,000
66 000

7,000

5,000

17,000
14,000

9,000
13.000
19.000

1,000

118,000
258,000
310,000

132,000
291,000
376,000

26,000
32,000

According to the foregoing Bombay appears to show an
increase compared with last year in the week’s receipts of
2,000 bales. Exports from all India ports record a gain
o f 6,000 bales during the week, and since September 1 show
a decrease of 159,000 bales.
A lexandria R eceipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Davis, Benachi
& Co., of Liverpool and Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt. The
follow ing arethe receipts and shipments for the past week
and for the corresponding week of the previous two years.
A lexan d ria , E gypt,
F eb ru ary 16.

1897-98.

1896-97.

1895-96.

150.000
5,409,000

R eceipts (o a n ta rs* )....
This w eek....... ...........
S ince Sept. 1 ..............

115,000
4,856,000

106,000
4,681,000

Since
This
w eek. Sept. 1.
E xports (bales)—
T o L iv e r p o o l. .
T o C on tin en t). . . . . . .

This
Since
week. Sept. 1.

5.000 241.000 2,000 240,000
8.000 237.000 13,000 211,000

.........

Sinee
Week. Sept. 1.

.........

10,152
4,220
1,725
4,681
......
52
......... .........

3,234 13,386
___
4,220
1,725
2,576 7,257
......
52
200
200
6,010 26,840

225 24,675

8,061 41,592

1,520 29,721

.........

__
.........

North’n M il s,

Great F r’ nce
Total.
B rit’n.
<£c.

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

.........

.........

20,830

Total 1898-7

1,917

221

2,138 33,531

134 17,406
29 1,243
62 6,026
......
.........

......

Quotations Feb. 18 at Savannah, for Floridas, common
Total.
9%c.; medium tine, 10c.; choice, 13%c.
Charleston, Carolinas, medium fine, 15% to 16c.; fine, 17c.;
fullv fine, 19 to 20o.; extra fine, 26 to 33c.
81,000
188,000
Domestic Exports of Cotton Manufactures.—W e give
2 8 l,0 u 0
below a statement showing the exports of domestic cotton
11,000 manufactures for December and for the twelve months ended
23,000 Dec. 31, 1897, and for purposes of comparison like figures for
14,000 the corresponding periods of the previous year are also
8,000 presented:

9,000
18,000

----

Lharl’t’n,&e
Florida, &o.
New Y o r k ..
B oston ........
B alt., & c .-..

Since Sept. 1, 1897.

This
Since
week. Sept. 1.
6,000 262,000
7,000 211,000

T o ta l E u r o p e .. . . . . 13,000 478,000 15,000 451,000 13,000 473,000
* A can tar is 98 p ou n d s.
f O f which to America.In 1 8 9 7 -9 8 ,3 0 ,2 4 3 ba le s; in 1896-97, 29,323
bales: in 1395-96, 41,678 bales.

This statement shows that the receipts for the week ending
Feb. 16 were 150,000 cantars and the shipments to all Europe
13,000 bales.
Manchester Market .—Our report received by cable
to-night from Manchester states that the market is, steady
for varns and firm for shirtings. The demand for home
trade is improving. We give the prices for to-day below
ana leave those for previous weeks of this and last year for
comparison.

tuamitiea of Manufactures of Cot­ Month endini Dec. 31. 12 mos. ending Dec. 31.
ton (colored and uncolored)
exported to—
1897.
1896.
1897.
1896.
United K ingdom ..................... yards
“
France.........................
G erm any........... ...................... ,
Jther countries in E urope.. . .
British North A m erica.......... “
Central Am erican States and “
British H onduras.................
idexioo................................... .
‘
Janto D om ingo.......- .............
Juba................... ................. .
°u e rto R ic o ..............................
*
*
Other W . Indies & Bermuda.. “
Argentine R epublic................ "
United States o f C olom bia... “
Other countries in S. A m erica *'
China........................................... “
British East Indies.................
“
Japan
; .................. .. ..'.......
Brit. Posses’ns in Australasia
Jther A sia and O ce a n ica .:.. ■
**
■Africa.........................................
“
ether countries. ........ i.......... “
T otal yards o f a b o v e.......
Total values o f a b o v e ........
Value per y a r d ...;..........................

Values of other Manufactures of
Cotton exported to—

United K ingd om ................................
France......... .......... .................. .........
Serm any..............................................
Other countries in E urope.............
British N orth A m e r ic a ...................
Central Amerioan States & British
Honduras........................................
Vlexico..................................................
Santo D om ingo..................................
Cuba........ ................................ .
Puerto R ic o ........................................
Other W . Indies and B erm uda......
.Argentine R epublic..........................
B razil.... ...................... ...................
United States o f C o lo m b ia ...........
Other countries in So. A m erica....
China....................................................
British East Indies..........................
British Australasia..........................
)ther countries in Asia and
Ooeaniaa............. .............................
Africa................................................ .
)ther cou ntries..................... .
Total value o f other m anufac
tures o f ............................. ..........
Aggregate value o f all cotton goods

674,646
720
3.845
69,348
608,606
401,264

1,453,933 9.307.158 11,406,593
49,563
607.072
237.660
58,141 1,290,866 1/89,563
49.156
961,065 1 /7 9 012
3,509.833 14,378,247 35,519,880
707,156 9,118,989 11,720,035

432,764
285,807
453
2,152
1.702,253
333,583
678,460
615.976
1,983,665
3,084,788
1,977,804
49,425
109,324
2,043,615
1.689,031
8,789

353,028 5,829.665 7.280,007
188,807 1,854.125 2,094.776
20.637
208,539
244,350
69,639
1,000
293,390
1.324.811 14,714.427 11.642.120
199.465 2,l2x.807 4.313.130
810.666 7,865/00 9,500.698
473,256 6.184.563 7.454.262
3,675,827 22,047.022 26,346,497
7,977,243 133,509,79>* 107,003.411
11.3519 2 3.148.849
17.454 2.479,435 1,450.206
37.140
813,801
714,821
2,102,197 22,097,272 19,058,069
148,160 18.787.78fi 14,504,407
119,420 4,921,786

16,519,417 23,217,473 285,684,151 281,211,521
$833,544 $1,380.924 $14,812,843 $16,245,077’
$*0518
$•0505
$*0597
$*0677

90,704
33,162

$431,306
8 520
286,887
62,226
1,537.471
206,666,

$407,637
15.761
123,058
56,347
1,360,567
212,423

80,058
2,081
000
280
7,365
1,897
5,e03
2.829
3,326
89
175
12,700

28,415
, 744
6,608
444
11,028
8,925
2,599
6.3*1
4,469
84
75
14,420

309,980
22,47».
15,621
2 /9 6
85,984
48,840
57,247
49/79
43,951
19,167
2,101
177,967.

338.349
25,608
47.688
5.016
88,950
62.978
60,595
47,650
58,446
143.742
8.353
137,995

21,971
2,420
1,449

36.088
7,170
875

326.346
58,813
7,224

329.859
40.259
15,751

$32,517
1 /9 9
19,546
10,366
119,056
13,621

$24.421
772
21,201

$278,706
$300,787 $3,703,092 $3,595.532
$1,112,310 $1,693,711 $18,518,931 $19,840,609

E ast I ndia Crop .—From the Calcutta “ Price Current” of
January 20 we have the final report on the cotton crop of the
Punjab for 1897 as follows:

The total area under cotton as n ow ascertained is 1,128,400 acres,
against a tota l o f 1,176.700 acres last year. This is ov er 4 per cent
below the area o f 1896. E x ce p t in a few districts in the centre an d
the north o f the P rovin ce, the rains were late and the earlier showers
8*4 lbs. Shirt­ Oott’ n
844 lbs. Shirt­ Coirti insufficient. This, coupled w ith the fa ct that the agriculturalists were
32s Cop. in gs, common Mid. 32s Cop. in gs, common Mid.
striving to put as m uch land under fo o d crops as possible, caused a con ­
Twist.
Twist.
to fin est.
TTplds
to fin est.
lipidi traction in the cotton sow ings. The total area this year is thus about
1*5 per ceut below the average, hut the unirrigated area has fallen o f
d.
d. s. d.
s. d.
d.
d.
d.
s. d.
s. d.
d.
b y as m uch as 27 per cent, and is m ore than 2 per cent less than the
Jn. 14 5U-i8@65t 4 0 ig ® 6 8
3%J 6ia ®73s 4 lia ® 6 7ia 4 iP2 area o f 1896, which was one o f the w orst y e a ri ever k n ow n fo r un­
33, a 63s ® 7 ti 4 1 ® 6 7
“ 21 5 «8
41« g
4 1 ®6 8
irrigated sowings.
“ 28 5®8 ®6®8 4 1 ® 6 7 ^ 3 t32 64* ®7i8 4 1 ® 6 7
33132
In last year’s rep ort it w as stated that the striking featu re o f the
fS
F eb. 4 5 «8® U g 4 1 ® 6 7*2 3J32 6I4 ® 7l8 4 1 ® 6 7
33132 harvest was the inadequacy o f the yield com pared w ith the large area,
32732 sown. This year m atters are quite otherwise. The total out-turn is
« 11 5% ® 6% 4 l*a® 6 8*2 3II32 6ia ® 7
4 Oia » 6 6
“ 18 5 H j« * 6 % 4 l i f l 't e Pin 311 6is ® 7
32
4 0 ® 6 513 3 78
estimated at 223,947 bales, against 204,806 bales last year, the average
out-turn per acre being 80 lbs., against 69-6 lbs. Thus, al hough the
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 area o f the year shows a fallin g off o f over 4 per cent, the yield is m ore
(Friday) evening by telegraph from the various ports the than 9 per cent ab over that o f the past year and 1*5 per cent ov er the
details of the Sea Island cotton movement for the week. Tbe average o f the past fou r years. In Sialkot, Q-ujranwaia and Jhelum ,
insect pests, while locusts
to
receipts for the week ending to-night (Feb. 18) and since the crop suffered fromin R aw alpindi. In parts o fare reportedthe have
caused som e dam age
Juliundur
crop
Sept, 1, 1897, the stocks to-night, and the same items for the suffered from w ant o f rain and the p revalen ce o f high winds. The late
rain in Jhang, M ontgom ery and Lahore had a prejudicial effect on the
corresponding oeriods o f 1896-97, are as follow s.
yield, as it prom oted the grow th o f w ood and prevented the pods ripen­
ing in time. In Ludiana, G-ujrat and Shahpur the yield m ay be said to
1897-98.
Stock.
1896-97.
be m uch below the average. In the rem aining districts it is reported
R eceipts to Feb. 18.
good to average, or a little below average. *
Since
This
This
Since
Sept. 1. week. Sept. 1. 1898 18L7.
w eek.
Shipping News .—As shown on a previous page, the
Savannah ..........................
524 54,962
683 79,288 20,699 19,*70 exports o f cotton from the United States the past week have
Charleston, & o..................
64
9,556
35 10,156 4,476 3,993 reached 164,290 bales. The shipments in detail, as made up
F lorid a, & o........................
62
6,226
138
6,400 1,441 3,940 from mail and telegraphic returns, are as follows:
1898.

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

1897.

650

70,744

856

95,844 26,616 27,503

The exports for the week ending this evening reach a total
o f ------bales, of which -------bales were to Great B ritain,------to France and — to Reval. and the amount forwarded to
Northern mills has been 225 bales. Below are the exports
for the week and since September 1 in 1897-98 and 1896-97




Total bales.
Ne w Y o r k —T o L iverpool, per steam er Bovie, 5 ,3 9 2 ...................
5,392
T o H ull, per steam er H indoo, 1,503...-.....................................
1,503
T o H avre, per steam er L a G ascogne, 512............ ..............
512
T o Bremen, per steam er München, 2 ,0 7 6 ................................. 2,076
T o H am burg, per steam ers Ale-da, 4 3 4 — Palatia, 200. ..
634.
T o A ntw erp, per steam ers British' Queen, 3 0 0 . . . . Westernland, 4 6 9 ................... ......................... . . ........... ..........................

890

THE CHRONICLE,

N e w Y o r k —(Concluded)—
Total bales.
T o Oporto, p er steam er Oevernum , 1 ,0 0 0 ............ .................. 1,000
T o Genoa, per steamers B olivia, 8 76
P icqua, 9 0 0 . . . .......
1,776
T o Naples, per steam er B olivia, 300................. .........................
300
T o Japan, per steamer St. Ninian, 1,202................................... 1,202
N e w O rleans —To L iverpool—Feb. 12—Steamer Mira, 6 ,7 9 2 ... 6,792
3,561
T o Manchester—Feb. 16—Steamer Gena, 3,5 61.......... .'..........
. T o H a vre—Feb. 14—Steamer Im aum , 11,488— Feb. 1 8 Steamer Bauna, 6 ,8 9 0 ............................. ............ ......... ............ 18,378
T o Brem en—Feb. 15—Steamer Acanthus, 6 ,1 4 7 ...Feb. 16 —
T o H am burg—Feb. 12—Steamer L ad y A rm strong, 1 ,0 1 7 ... 1,017
Steamer Kendal, 4,0 00................................................................ 10,147
To Genoa—Feb. 11—Steamer Leonidas, 5 ,9 2 5 ....F e b . 1 6 Steamer Oamcose, 5,150.............................................................. 11,075
T o Trieste—Feb. 14—Steamer Styria, 5 5 0 .................................
550
T o V en ice—Feb. 14—Steamer Styria, 2 ,4 0 3 .............................. 2,403
G alv eston —To L iverpool—Feb. 12—Steamer V esta, 5 ,5 63—
Feb. 12—Steamer A lava, 4 ,3 7 6 ....... Feb. 15—Steamer
Traveller, 4 ,1 5 8 ............................................................................. 14,097
To M anchester—Feb. 1 2 —
Steamer T elesiora, 9 ,4 17..............
9,417
T o H avre—Feb. 16 - 8team er Nether field, 5,0 62.....................
5,062
T o D unkirk—Feb. 16—Steamer Netherfleld, 1,222.................. 1,222
T o Rotterdam —Feb. 17—Steamer Glenloig, 1,7 94.................
1,794
T o Ham burg—Feb. 12—Steamer Collingham, 6 0 6 ....Feb.
16—Steamer Glengoil, 43 5...........................................................
1,041
To G enoa—Feb. 14—Steamer Pem bridge, 2,4 9 1 ........................ 2,491
T e x a s C it y , & c .—T o M exico, per railroad, 5 4 3 .............................
543
S a b in e P a s s —To L iverp ool—Feb. 3—Steamer Drum elzier,
4 ,9 4 9 ....................................................................................... ¿ . J
4,949
M o b il e —To Bremen—Feb. 15—Steamer Ludgate, 7 ,8 0 2 .. .;
7,802
To Vera Cruz—Feb. 1 2 —Steamer Spero, 10 9............................
100
T o T am pico—Feb. 12—Steamer B elvernon, 5 0 ........................
50
P ensacola —T o Bremen—Feb. 15—Steamer Oberon, 6,2 34.......
6,234
T o Nagasaki, J a p a n —Jan. 16—Steamer K ilb u r n ,......... ........
■
S avan n ah —To Bremen—Feb. 12—Steamer Forest H olm e, 7,450 7,450
T o G enoa—Feb. 15—Steamer Ilia, 5 ,5 50................................... 5,550
T o Trieste—Feb. 15—Steamer Ilia, 2 ,2 00................................... 2,209
B r u n sw ic k —To L iverp ool - Feb. 15—Steamer St. Fillans, 6,700 6,700
4,850
To B rem en—Feb. 17—Steamer St. Jerom e, 4,8 5 0 ...................
C h arleston —T o B arcelona—Feb. 14—B ark Tafalla, 2 ,6 0 0 .......
2,600
N e w p o r t N e w s —T o L iverp ool—Feb. 11—Steamer R appahan
nook, 8 4 1 .........................................................................................
841
B oston —To L iverpool—Feb. 11—Steamer Sylvania, 1 ,0 2 4 ....
Feb. 14—Steamer Sachem, 5 0 ...................................................
1,074
To H u ll—Feb. 11—Steamer Iago, 5 0 8 ...... . ................................
508
200
T o Y arm outh—Feb. 1 2 —
Steamer P rin ce Edward, 2 0 0 .........
B a lt im o r e —T o L iv e rp o o l—Feb. 11—Steamer Oakmore, 563
Feb. 14—Steamer Ikbal, 50 1...................................................
1,064
T o Belfast-^-Feb. 16 —Steamer Lord Oharlemont, 4 0 0 ............
400
T o Bremen—Feb. 19 —Steamer Dresden, 625 (additional). . .
625
T o H am burg—Feb. 12—steam er Strathmore, 5 0 0 ...Feb. 15
1,275
—Steamer Strathisla, 7 7 5 ........
P h il a d e l p h ia —T o L iverp ool—Feb. 11—Steamer W aesland, 868
868
P ortlan d , M e .—T o L iverp ool—Feb. 11—Steamer V an cou ver,
328
Feb. 16—Steamer Sardinian, 4 0 9 ...............................
737
Ban F rancisco —To Japan—Feb. 12—Steamer C ity o i R io de
Janeiro, 9 0 0 .................................................... . .....................: .
900
To C hina—Feb. 12—Steamer City o f Rio de Janeiro, 2 0 0 ....
200
P o r tl a n d , Or e .—T o Japan—Feb. 14—Steamer M ogul, 2 ,3 5 9 .. 2,359
T o ta l..................................................................................................... 164,290

The particulars o f the foregoing shipments, arranged in
•our usual form, are as follows.
Great
B rit’ n.
N ew Y o rk . 6,895
N. Orleans. 10,353
G alveston. 23,514
Sab. P., &c. 4,949
M obile.......
_
P en sa cola .
Savannah..
B ru n sw ick 6,700
C harleston
841
N’p ’t News
B o s t o n ___
1,582
B altim ore. 1,464
863
P hiladelp’ a
P ortl’d,Me.
737
San F ra n ..
P ortl’d, Or.
.........

French Ger- —Oth.F’rope— Mexico,
,
ports. m any. North. South.
die. Japan.
512 2,710
1,202
769 3,076
18,378 11,164 .........14,028
6,284
2,835 2,491
543
7,802
150
6,234
_ 7,450 ......... 7,750
4,850
_ _ ......... 2,600
•

....
_
_
1,900
...... ...... ......
_
_ _
_

_T
n

200

.........

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

200
.........

T o t a l .... 57,903 25,174 42,110

3,604 29,945

1,093

.........

900
2,359

Total.
15,164
53,92 i
35,124
5,492
7,952
6.234
15,200
11,550
2,600
841
1,782
3,364
888
737
1,100
2,359

4,461 164,290

To Japan since September 1 shipments have been 74,522
bales from Pacific Coast, 7,100 biles from Pensacola and
15,243 bales from New York.
Cotton freights at New York the past week have been
as follows.
Satur.
L iverp ool, asked, d.
H avre!................. .c.
B r e m e n ............. d.
H am bu rg. . . . . . d
A m sterd am ....... .e.
R ev al, v. Hamb .d.
D o v . H u ll.. d.
R o tte r d a m ....... d,
G e n o a ................ d
T rieste................ .d.
A n tw erp ............ d
Ghent, v. A n tw ’ p .d.
t Cents net p e r 100

;
J
:

fe

c3
-2
*3

to

* !
j
!
lbs.

Mon.

Tues.

Wednes. Thurs.

F ri.

%
201
%
%
%
309321 309321 309321 309321 30 932t
35t
351
351
351
321
301
30i
301
301
30t
321
32t
321
32
301
48i
481
49*
48i
461
42t
421
421
421
40
321
321
321
. 321
30t
401
40t
401
40t
40t
1364
1S64
1S64
1364
1S64
%
%
%
%
%
6J
<
5S2
5*2
5 S2
5S9

[VOL. LXYI,

The tone o f the Liverpool market for spots and futures
each day o f the week ending Feb. 18 and the daily closing
prices o f spot cotton, have been as follows.
Sat’day. M onday. Tuesday. Wed'day. Thursd’y F rida y.

Spot.

M arket, ) H arden’g
1:45 P . M. ( ten d en cy.
M id. U pl’ds.

Easier.

In buyers’ Harden’g Moderate Moderate
favor.
tendency. demand. demand.

3%

3%

Sales............ 10,000
S p e c. & e x p .
500

31132

31I 32

3 H 32

31I 32

10,000
500

8,000
1,000

10,000
1,000

8,000
500

8,000
500

Futures.
Quiet at
Quiet at
Easy at
M arket, Ì Steady at partially 1-64 ,<*2-64 1-64 @ 2-64 Quiet at
1:45 p. M. ( 2-64 ad­ 1-64 dec. decline. advance. partially
1-64 dec.
vance.
M arket, \
4. P. M. )

Barely
steady.

Steady.

Barely
steady.

Quiet and
steady.

Quiet at
partially
1-64 adv.

Steady.

Steady.

The prices o f futures at Liverpool for each day are given
below. Prices are on the basis o f Uplands, Low Middling
clause, unless otherwise stated.
I3F* The p rices a re given in pen ce a n d 64ths.
3 63-64d., a n d 4 01 m eans 4 1-64(Z.
Feb. 12 to
Feb. 18.

F e b ru a ry . . .
F eb.-M eh ....
M ch .-A pril..
A p ril-M ay...
M ay-J u n e...
J u ñ e-J u ly...
J u ly -A u g '...
A u g .-S ep t...
8ept.-O ct___
Oct.- N ov___
N ov-.D eo . . .

S a t.

M on.

T ues.

T h u s:

W ed.

3 63 m ea ns

T h u rs.

F ri

12% 1 1 45 4 1 45 4 1 45 4 1 45 4 1 45 4
p M. P M. p M. p M. P M. p M. P M. p M. p M. P M . P M. P M
d.
3 20
3 20
3 20
3 20
3 21
3 22
3 22
3 23
3 23
3 23
3 23

d.
3 21
3 21
3 21
3 22
3 22
3 23
3 23
3 23
3 24
3 24
3 24

d.
3 19
3 19
3 19
3 19
3 20
3 20
3 21
3 21
3 21
3 22
3 22

d.
3 20
3 20
3 20
3 20
3 21
3 21
3 22
3 22
3 22
3 23
3 23

d.
3 17
3 17
3 17
3 17
3 18
3 18
3 19
3 19
3 19
3 20
3 20

3
3
3
3
3
3
3
3
3
3
3

d.
18
16
18
18
18
19
19
19
20
20
20

d.
3 19
3 19
3 19
3 19
3 20
3 20
3 21
8 21
3 21
3 22
3 22

d.
3 18
3 18
3 18
3 18
3 19
3 19
3 20
3 20
3 20
3 21
3 21

d.
3 18
3 18
3 18
3 18
3 18
3 19
3 19
3 19
3 20
3 20
3 20

d.
3 18
3 18
3 18
3 18
3 18
3 19
3 19
3 20
3 20
3 20
3 20

3
3
3
3
3
3
3
3
3
3
3

d.
18
18
18
18
19
19
20
20
20
20
20

d.
3 19
3 19
3 19
3 19
3 19
3 19
3 20
3 20
3 21
3 21
3 21

BREADSTUFFS.
F r i d a y , February 18,1898.
Business in the market for wheat flour has been moderately
active and there has bsen an advance in quotations, sellers
generally having advanced their prices to conform with the
ipse in wheat values. The higher prices asked have checked
business to an exten t; still, a moderate number of sales have
been made and fairly full prices have been paid. Rye flour
has had a fair sale and prices have advanced slightly. B uck­
wheat flour has been quiet but steady at unchanged values.
Corn meal has been in fairly active demand and at firm
prices.
There has been a fairly active speculation in the market
for wheat futures, and prices have advanced sharply. Early
in the week, however there was a slight weakening in prices
under full receipts in the Northwest and easier foreign a d ­
vices. Tuesday, however, the market turned stronger, prices
for the day showing an advance o f % @ % o. on moderate b u y
ing for investment account and firmsr foreign advices had
a strengthening influence. Wednesday there was a sharp
upward turn to values of l@ 2% c. in response to de­
cidedly stronger advices from the West, where manipulation
by a prominent bull operator resulted in a rapid advance
in values. Thursday there continued a firm market and
prices further advanced 1% d>l^c. in sympathy with the
strength West, where an active demand from shorts to cover
contracts advanced prices sharply. Foreign markets have
only partially responded to the advance here and at the West,
and there has ^een a falling off in the export business at the
higher prices. Offerings of wheat from India have been re­
ported as freer. To-day there was a quiet market and prices
weakened slightly under limited selling by longs to realize
profits. The spot market has been higher and the advance
in prices has checked the demand. To-day the market was
quiet. Export sales were 60,000 bushels.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

Sat.
F ebruary d elivery ......... e.
,
M arch d e liv e r y ............. c. 3 >,
May d elivery ....................o. i2i§
Ju ly d e liv e r y ................... o. w

Mon. Tues.
102% 103%
102% 103%
98%
98%
90%
90%

Wed.
106%
105%
99%
93%

Thurs. Fri.
.....................
106% 106%
101% 100%
94%
93

L i v e r p o o l . — B y cable from Liverpool we have the follow ­
Speculation in the market for Indian corn futures has been
ing statement of the week’s sales, stocks, &c., at that port.
moderately active and prices for the week show a fair ad­
vance. There has been considerable buying for investment
account, and shorts have become buyers to cover contracts,
Jan. 28.
Feb. 4.
Feb. 11. Feb. 18.
the continued active demand from exporters and sympathy
57.000
65.000
Sales o f the w eek ....... ..b a le s .
81,000
56.000 with the rise in wheat values having been the strengthening
O f w hich e x p o rte rs t o o k ...
1,000
2,600
5,600
3,500
800
O f w hich sp eculators took .
1,400
2,100
1,000 features. To-cUy the market was easier under realizing sales
52.000
60.000
Sa es A m e r ic a n ......... .
.
71.000
52.000 by longs. The spot market has been active and firmer. The
8,000
10,000
5,000
A otu a e x p o r t ........... .................
7,000 export sales to-day here and at outports were 300,000 bushels,
75.000
75,000
80.000
F orw a rd e d ............. ........ ......... .
73.000
T ota l stock —E stim ated........... 1,014,000 1,050,000 1.140.000 1,168,000 including No. 2 mixed at 37%c. f. o b. afloat.

O f which A n erioan —Estm ’d
T otal im port o f the w eek . . . .
O f whioh A m erican ..............
A m ou nt afloat............
O f which A m erican. . . . . . .




890.000
90.000
74.000
337.000
335.000

928.000 1.015.000 1,043,000
121.000
175.000 109.000
113.000 156.000
96.000
299.000 258.000 246.000
297.000 256.000 244, OOq

DAILY CLOSING PRICES OP NO. 2 MIXED CORN.

Sat.
February d e liv e r y ......... o. _ y May d elivery .....................o. s a
Ju ly d e liv e r y .................. e. W »

Mon.
—
35%
36

Tues.
3 6 78
35%
36%

Wed. Thurs.
F ri.
....................................
36%
35%
35%
37%
36%
36%

Oats for future delivery have received increased attention
and prices have shown a hardening tendency in response to
stronger advices from the W est, where there has been fair
buying both for investment account and to cover short
sales, stimulated by a fairly active export demand and only
limited offerings. Thursday, however, under realizing sales,
prices reacted slightly. To-day prices again declined under
realizing sales. The spot market has been active. Late
Thursday and to-day export sales were 550,000 bushels.
Mon.
30*2

Tues.
S I1
*

Wed.
31%

Thurs.
31

F ri.
30%

Rye has been in demand for export, but an advance in
prices has checked business to an extent. Barley has been
firm, and owing to scarcity, offerings for prompt shipment
have been small.
The follow ing are closing quotations:
P atent, w inter ., . . . $ 4 90 ® 5
F in e ................. ........ $3 15 @ 3 25
C ity mills, e x tr a s .. 5 60 ® 5
S u p e r f i n e ........... 3 35 ® 3 45
R y e flour, superfine 2 70 ® 3
E x tra, No. 2 ........... 3 60 ® 3 80
Buckw heat flo u r ... 1 2 0 ® 1
E xtra, No. 1 ........... 3 40 ® 4 10
Corn m eal—
4 20 ® 4 50
C le a rs....... ..........
W estern, e t c . . . . . . 2 05 ® 2
Straights.................. 4 45 ® 5 25
B randyw ine
2 20
Patent, S p rin g .. . . . 5 20 ® 5 95
[W h ea th ou r in sacks sells at prices below those fo r barrels.]

25
80
15
30
15

GRAIN.

W heat—
o.
o.
H ard Duluth, No. 1.11278® 114%
R ed W inter, No. 2..1047s® 106%
H a rd Man., No. 1..110*8® 112%
Northern, Jib. 2 ...1 0 S 78® 108%
Oats—M ix’d, per bsh. 31 ® 33
W h it e ........................ 32% ® 37
N o. 2 m ix e d ............ 3 i % ® 32%
No. 2 w h i t e .... . . . . . 33 ® 34

out special feature. Cloakings in moderate reorder demand.
Low-grade dress goods in good request for fall and 15 to 20
per cent higher than a year ago. Flannels are very firm,
with fair sales. Blankets quiet at previous prices.
* D o m e s t ic C o t t o n G o o d s . —The exports o f cotton goods
from this port fo r the week ending Feb. 14 were 10,07&t';
packages, valued at $817,766, their destination being to the
points specified in the tables below :
1898.

D A I L Y CLOSING- P R IC E S O P N O . 2 M I X E D O A T S.

Sat.
M ay d e liv e ry ..’. . ............ o. H ’l’ y.

891

THE CHEONLCLE.

F ebruary 19 18i)8,j

C o m , per bush—
o.
e.
W estern m ix e d ....... ¿ ..3 5 ® 3 8 7s
No. 2 ,m ix e d ................. 3 5 % ® 3 8 78
W estern Y e llo w ...........35% ® 38
W estern W hite......... ..3 5 % ® 3 8
R yeW estern, per b u s h ....5 9 ® 59%
State and J e r s e y ..... .55 ® 58%
B arley—W e s te r n ......... .4 5 ® 55
F e e d in g ........................4 0 ® 4 0 %

1897.

Weefc. Since Jan. 1.

N e w Y ork to F eb . 14.

Week. Since Jan. 1
363
571
15,594
574
2,557
1,181
2,625
275
945
9,317
475-

9
52
8,341
308
250
91
350
109
25
466
77

570
135
15,383
3,812
2,400
3,666
1,934
474
679
6,148
855

T ota l................................... 10,078
China, v ia V an cou ver*___

36,056
100

1,158

34,477
7,950

T ota l................................... 10,078

36,156

1,158

42,427

Great B ritain .............. . ..........
Other E u rop ean .....................
China.................... ...................
In d ia .........................................
A rabia.......................................
A fr ic a .......................................
W est Ind ies.............................
M e x ico ............................... .
Central A m erica.....................
South A m erica ......................
Other C ountries.....................

7
1
11
11
504
14
76
455
79

* F rom N ew E nglan d m ill p oin ts direct.

The value of the New York exports for the year to date
has been $1,285,995 in 1898 against $1,389,217 in 1897.
The market for brown sheetings and drills has ruled quite
firm, and advances of % c. have been reported in all Graniteville, Maginnis and Augusta goods. There has been mod­
erate buying for export and a steady demand from the home
trade. Eastern drills are scarce. Brown osnaburgs and
ducks are firm, with fair sales. Bleached cottons are occa­
E x p o r t s o f B r e a d s t u f f s , P r o v i s i o n s , C o t t o n a n d sionally tending against buyers, with a steady demand o f
PETROLEUM.rr-The exports of these articles during the month fair proportions coming forward. W ide sheetings are in lim ­
o f January, and the seven months, for the past three years ited supply and the market decidedly firm. ' Cotton flannels
and blankets quietly steady. Denims are well held, with
have been as follow s:
a moderate business doing at full prices. Ticks firm, and
plaids, checks and stripes, and other coarse colored goods
1896-96.
1896-97.
1897-98.
Exports
Kid finished cambrics
from O. S. January. 7 Months. January. 7 Months January. 7 Months. steady, with improving demand.
firmer. Fancy prints have been in more general request,
Quantities.
with a steady business doing in shirting, indigo blue and
W heat.bush. 10,011,192 94,617,266 5,811,759 60,597,873 6,456,086 38,394,919 other regular calicoes. Staple and dress style ginghams are
1,475,899 9,062,878 1,295,192 9,886,575 1,503,537 8,882,088 well sold and firm. Print cloths firm all week, with fair
F lo u r ... bbls.
W h ea t....b u . 16,652,737 135,801,194 11,640,123 105,087,460 13,492,102 78,864,315 sales of odd goods; but regulars quiet.
C orn ... bush. 18,006,051 101,281,962 16,105,192 86,308,506 14,490,066 64,599,784
F o r e i g n D r y G o o d s . —The market for foreign merchan
T o t. bush .. 31,658,791 286,683,156 27,745,315 191,395,966 27,982,168 132,964,049 dise has ruled quiet in all seasonable lines, pieceing-out orders
only coming forward. The demand for new fall dress goods
Values.
$
%
$
$
t
$
W h’t & flour. 15,657,472 127,235,672 10,454,016 81,124,682 9,685,290 66,004,394 is improving. Silks and ribbons in fair request and firm.
Gorn& m eal.
6,341,067 35,179,803 4,906,368 27,350,253 5,122,911 21,924,218 Linens steady with fair sales. Hosiery and underwear quiet.
Oats & meal.
B a r le y .. . . . . .

937,118 4,188,772
1,515,542 12,128,535
419,976 4,296,117

146,565
654,045
810,179

1.968,756
6,025,889
6,475.602

5,920
152,129
261,794

6,169
1,197,427
1,538,192

Br’dstuffs.... 24,771,160 183,027,899 16,971,178 121,945,132 15,128,044 80,670,400
Provisions ♦. 16,375,936 106,962,041 13,104,164 94,369,335 16,354,472 95,014,178
O otton.......... 27,024,878 149,903,544 28,376,731 169,469,163 24.178 607 121,936,586
P etrol’m.&c.
3,989,811 34,465,045 4,081,845 37,223,217 5,877,562 37,229,447
T o t. value.

Im p o rta tio n « a n d W a r e h o u se W it h d r a w a ls o f D ry G o o d *

The importations and warehouse withdrawals o f dry goods
at this port for the week ending Feb. 17, 1898, and since
January 1, 1898, aud for the corresponding periods o f last
year are as follow s :

ft

72,161.785 474,348,029 62,533.913 423,006.847 61,083,5 85 334,849,61.,

* Including cattle and hogs in all mouths and years.

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§

N o te .—A ll the ab ove figures are based on the m on th ly p re lim in a ry
returns issued b y the B ureau o f Statistics, and c o v e r about 98 p e r c e n t
o f th e to ta l ex p o rts.
GST* F o r o t h e r t a b l e s u s u a l l y g i v e n h e r e s e e p a g e 3 6 8 .

N ew Y ork , F rid a y , P. M., Feb. 18, 1898.
There has been a further general demand for cotton goods
during the past week, both on the spot and through mail
orders. Bayers are arriving in the market more freely and
in both commision and jobbing circles the result is seen in an
increasing business, the local jobbing houses in fact recording
the best week they have had for a considerable time past.
Reports from other distributing centres are encouraging
also.
The improvement in
general tone previously
noted is therefore well maintained and slight advances
in some lines of staple cottons have been openly
quoted. The continued strike of operatives at New Bedford
and other places is naturally telling upon the condition of
stocks in first hands of such important lines o f merchandise
as are affected thereby, and buyers are beginning to show
some uneasiness regarding the future course of the market
thereon. Very little belief is put. however, in the probability
o f a general strike throughout New England. Cotton has
failed to hold the full advance of last week, and has therefore
hardly been as much of a factor as it then promised to
become. It has been steady enough, however, to still afford
some support to the goods market. In the woolen goods
division the demand has ruled quieter than of late but the
market is still firm.
W o o l e n G o o d s . —The demand for men’s-wear woolen and
worsted fabrics has been quieter than during any week since
the fall season opened. The demand for fine goods has not
been as well sustained as expected, aud in medium and low
grades of both fancies and staples orders have been moderate
only. There has not been any change in the general tone and
prices are maintained. Cotton-warp goods are also quite
steady, but in quieter request than of late. Satinets and
doeskin jeans quietly steady. Overcoatings have been with-

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THE CHRONICLE.

392
8 t* t e

¿ up

C ity P t t f i v r v t Z T n .

TERM S OF SUBSCRIPTION.
The I n v e s t o r s ’ S u p p l e m e n t w ill be furnished without
-extra -charge to every annual subscriber o f the C o m m e r c i a l
and

F in a n c ia l C h r o n ic l e .

The S t a t e a n d C i t y S u p p l e m e n t w ill also be furnished
without extra charge to every subscriber of the C h r o n i c l e .
The S t r e e t R a i l w a y S u p p l e m e n t w ill likewise be fu r­
nished without extra charge to. every subscriber of the
C h r o n ic l e .
The Q u o t a t i o n S u p p l e m e n t ,

issued monthly, w ill also be
umished without extra charge to every subscriber o f the

C h r o n ic l e .

TERMS for the C h r o n i c l e with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
__________
postage.
Terms o f A dvertising—(P e r inch space.)
Transient m atter (1 tim e ).. $3 50 I Three M onths (13 tim e s )..$25 00
s t a n d i n g business c a rd s .
S ix m onths
(26 tim e s).. 43 00
T w o m onths 18 tim es).......... 18 00 I T w elv e M onths (52 tim e s).. 58 00

B ranch ville, Sussex County, N. J.—Incorporated.—A bill
has passed the State Legislature incorporating the borough of
Branchville.
Deal, Monmouth County, N. J.—Incorporated.—A. bill has
passed the State Legislature incorporating the borough of
Deal.
H igh B ridge, Hunterdon County, N. J .—Incorporated.—
A bill recently passed by the State Legislature provides for
the incorporation o f the borough of High Bridge.
Keysville, Charlotte County, Va.—Bill Incorporating
Town. —A bill has passed the State Senate incorporating the
town of Keysville.
Longport, A tlantic County, N. J —Incorporation Bill
Passed by State Senate.—The State Senate has passed a bill
incorporating the borough of Longport.
. '
South Carolina.—Lee County Bill Passed by the State Sen­
ate.—The State Senate has passed a bill creating Lee County
South River, M iddlesex County, N. 3 .—Incorporation
Bill Passed by State Seriate.—A bill recently passed by the
State Senate provides for the incorporation of the borough of
South River.
V irg in ia .—Time Extended fo r the Settlement o f the Pub­
lic Debt Not Funded.—An act amending sections 7 and 17,
as amended by the re enacted Funding A ct of February 20,
1892-, has recently passed the State Legislature, and was ap­
proved by the Governor January 25,1898. Under the amend­
ment to Section 7 all old Virginia bonds not funded under
the acts of February 14, 1882, or February 20, 1892, may be
brought in and funded into new Century bonds if presented
to the Commissioners of the Sinking Fund before June 30,
1898. The amendment to Section 17 allows the Commission­
ers of the Sinking Fund to make one extension of the time
for the funding of the outstanding evidences of debt for a
period not extending beyond December 3j, 1898. Bonds
issued under the provisions of this act shall carry interest
from the semi-annual period next preceding the date of
funding.
Constitutional Amendment Bill Passed by the State Senate.
—The State Senate on February 9, 1898, voted to submit two
important constitutional amendments to the vote of the
people. The first of these is the one amending the Constitu­
tion so as to require the payment o f capitation tax as a pre­
requisite of voting. The second preposes to abolish county
and circuit courts, and to form judicial districts of several
counties, presided over by one judge.
W iehle, F airfax County, Va.—Incorporation Bill A p ­
proved.—The Governor has approved the bill recently passed
by the State Legislature incorporating the town of Wiehle.

Bond Calls and Redemptions.
Comanche County, N. Y.—Bonds Redeemed.—On February
11, 1898, the county redeemed $5,0 j0 court-house bonds, held
by thé State School Fund.
Evansville, In d.—Bond Redemption.—The city w ill re­
deem $2,000 of the 30-year railroad-aid bonds.
H am ilton County, Texas.—Bond! Redemption.—On F eb­
ruary 13, 18.98, the conuty redeemed $3,000 court-house
bonds held by the State School Fund.
Hannibal, Mo.—Bunds to be Redeemed.—On January 10,
1898, the City Council passed a resolution calling for payment
$15,000 5# funding oonds maturing April 1, 1913, but sub­
ject to call on and after April 1, 1898.
Kent County, M ich.—Bonds Redeemed.—The county has
redeemed $10,000 5% court-house bonds maturing January 15,
1898.
K entucky.— Warrant Call.—State Treasurer Long has
called for payment February 26, 1898 (on which date interest
w ill cease), $49,000 State warrants issued prior to May 23,
1896.
R acine, Wis.—Bond Call.—Notice has been given that
$59,000 sewer bonds dated April 1, 1893, optional after 5
years from date, are called for payment by the City Treas­
urer on April 1, 1898, after which date interest w ill cease.
The bonds called are as follows: 119, 120,121, 122,125, 127,




[V ol . L X V I.

128, 129, 130, 132,133, 134,135, 136, 137,140, 141, 143, 144,146,
147, 148, 149,150, 151, 152, 153, 154,156, 157, 158, 159, 160,161
162, 1H3,164, 165, 166, 167,168, 169,170, 171, 172, 173, 175,176,
177,178, 179, 180,181, 182, 183, 184, 185, 186, 187, 188, 1*9,190,
191, 192,193,194, 195, 196,197,199, 200, 202, 203, 2'5, 206, 207,
208, 209, 211, 212, 213, 214. 215, 216, 217, 218, 219, 220, 221, 222,
223, 224, 226,227, 232, 233, 234, 235. 236, 237, 238, 239, 240, 241,
242, 243, 244, 246, 247, 248, 249, 251. 253, 253, 255. 256,257, 258.
Seneca Falls, N. Y.—Bonds Redeemed.—On February 8,
1898, the town redeemed $2,000 5%railroad-aid bonds.
Thurston County, Wash.— Warrant Call. —County Treas­
urer R, Frost called for payment February 4,1893, on which
date interest ceased, school warrants issued by sixty-four
school districts in this county. The official list and numbers
can be obtained of the County Treasurer.
Toledo, Ohio.—Bond Call.—City Auditor M. S. W right
has called for payment April 1, 1898, at the Importers’ and
Traders’ National Bank, New York City, bonds bearing date
of October 1,1883, maturing afeer 30 years, but subject to
call after 10 years. Interest will cease on the above date.

Bond Proposals and Negotiations

this

week have been as follows:
Akron, Ohio.—Rond Offerings.—Proposals will he re­
ceived until 10 a . m . March 9, 1898, by F. C. W ilson, City
Clerk, for the following 5# bonds bearing date of March 11,
1898:
$1,300 Maple Street sewer bonds, m aturing $300 in one year, $500 in tw o and
$500 in three years.
800 North Valley sewer bonds, maturing $100 yearly.
1,000 H igh Street sewer bonds, maturing $300 in one and tw o years and $400
in three years.
••
'
,
' ,
2,800 Oakdale Avenue improvement bonds, maturing $500 yearly from one to
fou r years and $800 in five years.
900 Kling Street sewer bonds, maturing $3K> yearly.
1,200 H igh Street sewer bonds, maturing $300 in one year and $500 in two and
three years, respectively.
1,900 Mark-t Street sewer bonds, maturing $500 in one and two years a n ! $900
in three years.
1,600 North V alley street-improvement bonds, maturing $300 yearly from one
to fou r years and $600 in live years.

Interest will be payable semi-annually at the National Park
Bank, New York City.
Albany County, N. Y.—Bond Sale.—Oa February 15, 1898,
the $36,u00 4# bonds were awarded to the Albany Savings
Bank. Bonds mature $1,030 yearly on March 1 from 1899 to
1916 inclusive. For further description of bonds see Chron­
icle January 22, 1898, p. 198.
A lexandria, Ya.— Temporary Loans.—The city has ne­
gotiated the following loan s:
$5,000 due in 5 months at 3% discount.
2,500 due in 4 months at 3% discount.
7,500, i f needed, at 4% discount.

A lleghany County, Va.— Bonds Authorized.—The State
Legislature has passed a bill authorizing the Board of Super­
visors of this county to issue bonds.
Amherst County, Ya .—Bond News.—W e are advised by
the County Treasurer that the county officials expect to sell
at private sale the bonds recently authorized by the State
Legislature for the purpose of repaving and macadamizing
roads and for the refunding of the county debt.
Anoka County, Minn.—Bonds Proposed.—The County
Commissioners have under consideration a resolution calling
an election to vote on the question of issuing $27,00!) bonds to
fund the floating indebtedness, caring for the Poor Farm and
building a bridge over the Rum River.
Athens (T illa g e ) Ohio.—Bond Sale.—On February 14,
1*98, the $3,000 6% Union Street improvement bonds were
awarded to the Atlas National Bank, Cincinnati, at 108’525.
Following are the bids:
Atlas National Bank, Cincln...$3,255 75 I W . J. Hayes & Sons, C le v e ....$3,159 00
Edw.C. Jones Co., Cincinn'ati.. 3.240 0 0 1Mansfield Savings Bank.......... 3,125 50
Seasongood & M ayer.C incin... 3,213 00 I The Bank o f Athens................ 3,107 00
D. H. Moore, A th e n s .......... 3,161 50 1 T he New First Nat. Bk.,Colum. 3,103 50

Horace S. Homer, Boston, bid on a 5 ‘25# basis. Bonds
mature $150 semi annually beginning September 1, 1898. For
further description of bonds see Chronicle Feb. 5,1898, p. 300.
Avalon, Pa.—Bonds Voted.—It is stated that the borough
has voted to issue $26,000 improvement bonds.
Baltim ore, Md.— Ronds Recommended by the Mayor.—
Mayor Malster, in his first annual address to the City Coun­
cil, recommends legislation looking towards the issuance of
$1,000,000 city stock, the proceeds o f the sale of which are to
be used from time to time in furnishing suitable buildings
for public schools.
Beaumont, Texas.— Bonds Authorized.—The City Council
has passed an ordinance authorizing tbe issuance of $10,000
5$ 40-year gold street-improvement and water-works bonds.
The bill was vetoed by Mayor Eastham, owing to the pro­
vision for the payment of the bonds in gold, but the Council
Uas passed the ordinance over the Mayor’s veto.
Bluffton, Ohio.—Bond Election. —An election w ill be held
in the spring to vote on the question o f issuing $5,000 bonds
for an additional school house.
B otetourt County (P . 0 . Fincastle), Ya .—Bond Bill A p ­
proved.—The Governor has signed the bill recently passed by
the State Legislature providing for the issuance of $3,000
bonds to pay for a bridge across the James River at Buchanan.
B radford (P a .) School D istrict.—Ronds Voted.—The dis­
trict on February 15, 1898, voted to issue $25,000 school bonds.
Details of the issue have not been determined upon as yet.
B rookfield, Mo.—Bond News.—A report was current that
the issuance of $14,000 bonds for a sewer system w^s under
consideration bv this city. In reply to our inquiry Mr. D. F.
Howard, City Clerk, says. “ Nothing done yet. Don’ t think
there will be.”

F ebruary

19, HJ18.J

THE CHRONICLE.

B rooklyn, Conn.—Loan Authorized.—The town has au­
thorized H. H. Davison, Town Treasurer, to borrow $30,000
on a demand note for the purpose of paying outstanding in­
debtedness. Note will bear not more than
interest.
Buchanan, y a —Bonds Authorize i by the House o f Dele­
gates.—' he House o f Delegates has passed a bill authorizing
T
the issuance of bonds by this town.
,
B uffalo, N. Y.—Bonds Authorized by State Legislature —
The. State Legislature has passed a bill providing for the is­
suance o f bonds for the purpose of raising money to purchase
lands for park purposes, to improve and embellish certain
parks, and to pay part of the expense of erecting a building
to be used by the Buffalo Historical Society.
Bonds Authorized— The State Legislature has also passed
a bill authorizing the issuance of $500,000 water-bonds and
to provide for a pumping station.
C aldwell County (P . 0. Kingston), Mo.—Bond Election. An election will be held March 5, 1898, to vote on the ques
tion of issuing $18,000 court-house bonds. Securities if au­
thorized will be payable in four annual instalments.
Canton, Ohio.—Bond Offering.—Proposals will be received
until 12 m . March 7, 1898, by this city for $13,938 22 refund­
ing bonds. Securities are dated March 1, 1898, and mature
ten years from date of issue. Interest will be at not more
than 5$, payable March and September.
Carlyle (Illin o is ) School District. -P rop osed Bond Elec­
tion.—The question of calling an election to vote on the prop­
osition to issue school building bonds is under consideration.
Chicago, III .— Certificate Sale.—On February 1. 1898, the
city sold to the National Bank of Chicago $1,000,000 4# water
certificates at par. Securities are dated February 1, 1898,
and mature $500,000 December 1, 1898, and $500,000, June 1,
1899. They are issued for the purpose of extending the water
system of the city .' Both principal and interest are payable at
the City Treasurer’s office in Chicago.
Churchs Ferry, N. D.— Bonds Voted.—On February 5,
1898, the district voted unanimously to issue $5,503 schoolhouse bonds.
Claxton, Ga.— Bond Offering —Pcooossls will be received
until 12 M. March 10, 1898, by H. R. Elmore, Mayor, for
$3,000 6# bonds. Denomination of securities w ill be $10 • in­
;
terest will be payable semi-annually at the Chatham Bank,
Savannah, Ga.; $1,000 of principal will mature in 10 years
from date of issue, $1,000 in 20 years and $1,000 in 30 years.
Claxton has no indebtedness at present.
Cleveland, Ohio—Bonds Authorized by the State Assembly.
—On February 9, 1898, the House passed a bill authorizing
the issuance of not more than $200,000 bonds for two new
high schools. Bonds are to mature within ten years and six
months from their date o f issue. Interest will not exceed 4#
and will be payable semi-annuallv.
Bond News —Deputy Auditor Crosby states that $1,342,162
bonds mature this year, all of which will be paid off from
the sinking funds except $225,000 5# bonds maturing in
October, which will be refunded by 4$ bonds.
Columbus, Ohio.—Bond Sale.—The Sinking Fund Trustees
have taken the $26,000 4# 5-year bonds issued in payment of
claims made by the English heirs for land purchased for
sewer farm purposes.
Coshocton, Ohio.—Bond Offering.—Proposals will be re­
ceived until February 28, 1898, by I. C. Dickerson, Village
Clerk, for $2,700 sewer 6$ bonds.
Dodge County Independent School D istrict No. 50,
Dodge Center, Minn.—Additional Bonds Voted. —At a spec­
ial school district meeting held February 2, 1898, $ 5 / 00 ad­
ditional bonds were voted to complete the school building.
The vote was 97 to 23.
Duquoin, 111.—Bond Sale.—On February 10, 1898, the
$6,0 K 5# water-works bonds were awarded to Mason, Lewis
)
& Co., Chicago, at 103*86. Bonds mature 20 years from date
■of issue, subject to call after 10 years.
Emporia, Kan. —
Bond Sales.— The State School Fund
Commissioners have bought the following refunding bonds
issued by this city: On February 2, 1898, $30,000 5$ bonds
due 1928, and on February 9,1898, $13,000 5% bonds maturing
1928. Interest payable semi-annually.
E xcelsior Springs, Mo.—Bond Sale.—On February 10,
1898, the $12,000 5% bonds were awarded to Duke M. Farson,
Chicago, at i<>l 55. Following are the bids:
Duke M. Farson, C h ica g o ..........101*55 IS A . Kean, C h ica g o ..................... 100*6*
T h e N oel-Young Bond & Stock
Mason, Lewis & Co., Chicago...... 100*43
Co., St. Louis .............................101*625 1

Bonds mature 20 years from date of issue, subject to call
after 5 years. For further description of bonds see Chron­
i c l e February 5, 1898, p. 3< 2.
Flathead County School D istrict No. 12, H olt, Mont.—
—Bond Offering.—Proposals w ill be received until February
26, lt98, by L. J. B. Chapman, Clerk, for $600 6$ bonds The
bonds mature 15 years from date of issue, but are subject to
call after 10 years.
Fredericksburg, Ya.—Bonds Authorized.—A bill recently
passed by the State Legislature gives the city authority to
issue bonds.
Gallipolis, Ohio.—Bond Sale.—On February 10, 1898. the
$9,000 5# 20 year refunding bonds were awarded to W . J.
Haves & Sons, Cleveland, at 113*255. Following are the bids:

W . J. Hayes & Sons, C leve.. .$ 10,103 00 I Kdw. C Jones Co., Cincinnati $9/ 65 00
S. Kuhn A Sons, Cincinnati.. 10.102 50 I Lamprecbt Bros. Co., C leve.... 9,9*0 90
t
A tlas Nat. Bank, C incinnati.. 10,039 00 I S '»ciei y for Savings, Cleve...... 9,905 00
R. P. Aleshire, Gallipolis...... 10,048 00- Dietz. Denison & Prior Cleve 9,835 00
First Nat. Bank, G a lli’O lis .. 10.030 00 |H.O. Johnston. Atty..Gallipolis 9,-1000
R adolph K]evbolte & Co ,Cin. 10 023 60 I A. T. Sutherland. Gallipolis.... 9,800 0C
SSeasongood & Mayer. Cincin. 10,01a 75 The New First ¡Vat. Bk.,Colum. 9,796 P
C
A . D. Alcorn, Ar.t.v., Gallipolis 10.000 00 1 Centreville Nat. B k.,Tourm an 9,501 O
il

For dessription of bonds see C hronicle Jan. 15, 1898, p. 149.




Glastonbury, Conn.—Bond Sale.—On February 16, 1898,
the $100/'O
D
19^-year (average) funding bonds were
awarded to Mason, Lewis & Co., Boston, at 105*279. Follow ­
ing are the bids:
>
Mason. Lewis k Co., B oston .......108*279 [ M F. Skinner & C ■.. Proviuenoe. .xo* xw
E. H. Rollins & Son. B oston...106 077 I Farson. L?acU & Go., New Y ork..104*16
Estabrook A Co.. B oston............ 106*03 I S. A . Kean. Chicago.........., .......... 104*00
c
Cushman. Fisher A Phelps, B 03. 105*83 r Street. W ykes k Co.. New York. .163*00
c
c
E. H . Gay & Co.. B oston............. 105*825 I Vermilye A Co . New Y o r k .... ...102*79
F. R. Cooley, H artford........... . .105*41 Longstreet, Steelman & Co., B os.. 102*00
N. W . Harris & Co., New York. .1^5*189

Hamilton (O hio) School D istrict.—Bond Sale.—On Feb­
ruary 12, 1898, the $13,500 4# refunding bonds were awarded
to Seasongood & Mayer, Cincinnati, at i03*80. Following are
tbe bids:
Seasongood A Mayer. C in cin .... 103*60 I The New First National Bank,
K C Jones Co., Cincinnati..........103*4811 Columbus ................................103*12
Dietz Denison & Prior. Cleve 102*037 |Miami Val. Nat. Bk.. H amilton.100*7407
Rudoiph Kleybolte & Go.. C in ...100*674 I Second Nat. Bank, H am ilton .103*382

Bonds mature $500 yearly from 1908 to 1931, inclusive. For
further description of bonds see C hronicle January 29,
1818, p. 251.
Hampden County, M ass— Temporary Loan.—'The County
has negotiated a note of $100,000 with F. S. Moseley < r Co.,
&
Boston, at 2*76# discount and a premium of $175. Following
are the bids:
Discount.

F. S. Moselev.fc Co., B o s t o n .......*2*76%
Jose, Parker k Co.. B oston..........2 '76%
Roger*. Newman A Tolman, Bos. 2*78%
c
Adams A Co., B o s t o n ................... 2*85%
c
Blodget, Merritt A Co., B oston.. 2*83%
c

Discount.

Edgerly & Crocker. B oston ..........2*90 %
Curtis < Motley, B oston.............. 2*94 %
fc
Bond A Goodwin. B o s t o n ........... 2*945%
c

Interest.

Blodget, Merritt A Co., B oston.. .2*915%
c

* A nd $175 premium.

Loan matures November 5, 1898.
H averhill, Mass.— Temporary Loan,—The city has nego­
tiated a temporarv loan of $100,000 with Bond & Goodwin,
Boston, at 2*62# discount. L o w was negotiated in anticipa­
tion of the collection of taxes and matures in seven mouths
and ten days. Bids were not asked, the City Treasurer going
into the market for the loan.
Hazleton, P a.— Bond Offerinq.—Proposals will be received
until 12 m . March 1, 1898, by John W. Klinger, City Clerk,
for $35,000 H bonds. Securities are in denominations of
$500, dated February 1,1899. Interest will be payable Feb­
ruary 1 and August i and the principal matures February 1,
1928, subject to call after February 1, 1903.
Houghton, Mick. - Bond Election.—The question of issuing
$10,000 paving bonds will be voted upon at the spring election.
Huntingdon, Pa.—Bonds Voted.—A t the election held
February 15, 1898. it was voted to issue $14,000 4% 1 16 year
funding'bonds. It will be necessary to pass an ordinance
authorizing their issuance before bonds can be sold.
Independence (K an.) School D istrict.—Bond Election.—
An election will be held February 23,1898, according to local
reports, to vote on the question of issuing bonds for ad­
ditional school buildings.
Iola, Kan.—Bond Election.—The question of issuing $38,000 bonds for the purchase of a city gas plant will be voted
upon at the election to be held March 7, 1898.
Isle o f W ight County,
—Bonds Authorized.—The G ov­
ernor has approved a bill passed by the State Legislature
authorizing the issuance o f bonds by this county for appli­
ances to improve roads.
Jackson County, Kan.— Bond Sale.—The County Commis­
sioners have rescinded their previous action iu awarding to
Kelly & Noble, Topeka, $100,000
Si-year refunding
bonds. A new contract was recently entered into with the
above firm by which the bonds will bear 5% instead of
interest.
Jamestown, N. Y.— Bond Offering.—Proposals will be re­
ceived until 2 p . m . March 5,1898, by the Board of Public
Works for $20,000 sewer bonds. Securities will bear not
more than 4$ interest, payable semi anaually. Principal will
mature 20 years from date of issue. A certified check for
$500, payable to W. O. Benedict, Treasurer Board of Public
Works, must accompany bids.
Kent County. Mich.— Bond Election.—W e are advised by
H. B Proctor, County Treasurer, that the question o f issuing
$50,000 insane asylum bonds will be submitted to a vote of
the people at the spring election, provided the vote of the
Board of Supervisors calling the election be sustained by the
Supreme Court.
K nox County (P . O. Yincennes), In d.—Bonds Authorized.
—The County Commissioners recently authorized the issu­
ance of bonds for the payment of the Wells drainage system
in Washington Township.
Luray, Ya.—Bonds Authorized by the House o f Delegates.—
A bill was recently passed by the House of Delegates author­
izing i'he Town Council to refund its present bonded in ­
debtedness.
M adisonyille, Ohio.— Bond Election —A proposition to
issue $2,500 bonds to extend the water-works and electriclight plant will be put to a vote of the people of this town on
February 26, 1898.
Malianoy City, Pa .—Bonds Voted.—On February 15,1898,
the question of issuing $80,000 paving bonds carried by over
200 majority.
Marshall County, W. Ya.—Bond Election.—An election
wi 1 be held March 5, 1898, to vote on the question of issuing
$100,000 railroad-aid bonds.
Martin, Tenn.—Bond Election.—An election will be held
about March 7, 1899, to vote on a bill passed by the
Legislature providing for the issuance of $25,000 6% 20-year
electric-light and water-works bonds. As stated in the
C hronicle February 5,1898, these bonds have been sold con-

894

THE CHRONICLE.

ditionally to F. R Fulton & Co., Portage, W is., at a prem­
ium of $1,000.
McKinney, Texas.—Bond News.—W e are advised that the
$30,000 water-works bonds recently authorized w ill bear 5%
interest payable semi-annually, in gold, in New York City.
Media, Pa.—Ronds Defeated.—The proposition to issue
$45,000 water-works and sewer bonds was defeated at the
spring election by a vote of 320 to 188.
Meridian, Miss.—Bonds Authorized.— The State Legisla­
ture has passed a bill authorizing the issuance o f $20,000 6#
20-year paving bonds by this town.
M iddletown, Conn.— Loan Authorized.—A t the adjourned
annual meeting held February 15, 1898, the Treasurer was
authorized to borrow not more than $20,000.
Mineola, Texas.—Bonds Registered.—On February 8,1893,
the Comptroller registered $2,200 Mineola City Hall bonds.
Mount Kisco, N. Y.—Bonds Awarded.—Bertron & Storrs,
New York, have been awarded the $25,000 bonds at 100*50
as 3*60 per cents. W hile the bid of Bertron & Storrs was
not the highest, the award was made in strict accord with
the official advertisement,iwhich stated that the bonds would
be awarded to the firm bidding the lowest rate o f interest.
A full list of bids will be found in the Chronicle F eb­
ruary 5, 1898.
Mount Vernon, Ohio.—Bond Offering.—P. B. Chase, City
Clerk, will sell at his office, at 12 in. February 19,1898, $7,500
(or less) 6# sewer-assessment bonds, or less if any assessments
are paid beforehand. Securities are in denominations of $375
(or less), dated March 1, 1898. Interest w ill be payable Jan­
uary 1 and July 1. Principal will mature one bond semi-an­
nually, beginning January 1,1899. Both principal and inter­
est w ill be payable at the City Treasurer’s office.
Neola, Iow a.—Bonds Voted.—On February 14, 1898, by a
vote of 169 to 32 the citizens of this place authorized the is­
suance of bonds for an electric-light system.
New Bedford, Mass.—Rond Sole.—On February 11,1898,
the $189,000
gold municipal bonds were awarded to R. L.
Day & Co., Boston. Following are the bids:
$92,000
20-Yr.Bds.
R . L. Day & Co., B oston................................
104*295
N. W . Harris ft Co., New V ork...................... 104-.il
Estabrook & Co.. B o s t o n ............................... 104-12
E. H . Rollins & Sons. Boston........................ 103 777
Brown Bros, ft ‘ 'o., B o s t o n ........................... 103 50
T bird National Bank, Boston........................ 103 415
Parkinson & Burr, Boston ............................. 103-375
Blodget, Merritt ft Co.. Boston ................. 103 281
Mason, Lewis ft Co. and Illinois Trust &
Savings Bank, Chicago................................. 103"159
Adams & Co., Boston.............................. ......... 103-15
Lee, Higgi ason & Co., Boston........................ 103'08
Dietz, nenison & Prior, Cleveland................ 102"^33
Jose, JParker & Co., B oston............................. 102-26

$62,000
$35,000
10-Yr.B ds. SO-Yr.Bd*.
102-415
105-565
102-21
102*29
J0.V35
102'137
lOn‘096
102-00
104‘ 75
101-77
104'67
IOL’73
104'5'
102-03
104-18
J
101419
104-199
X01*68
104*03
101-73
104*08
101'611
lOt‘^1
101*32
102 91

Vermilye & Co , New York, bid 103-139 for the entire issue.
Securities are as follows:

$92,000 bonds fo r the construction o f school houses and public buildings, ma­
turing 20 years from date o f issue.
62.000 im provem ent bonds, maturing in 10 years.
85.000 sewer bonds, maturing 30 years from date o f issue.

For further description of bonds see C h r o n i c l e February
5, 1898, p. 302.
New Cumberland, Ohio.—Bond Election.—An election will
be held March 14, 1898, to vote on the question of issuing
$4,000 bonds.
New Orleans, La.—Bonds Proposed.—The Special Com­
mittee of the City Council on February 10, 1898, passed a
resolution providing for the drafting of an ordinance to be
presented to the Constitutional Convention authorizing the
issuance of $25,000,000 public improvement bonds. The
money from the sale of these bonds, if issued, w ill be used
for water-works, sewerage, drainage, gas, street paving and
other public improvements.
Newport News, Va.—Bond Offering.—Proposals will be re­
ceived until 12 m . March 8,1898, for $75,000
sewer-con­
struction bonds, $15,000
prison bonds and $50,000
school building bonds. Bonds w ill be dated April 1, 1898,
and will mature 30 years from date o f issue, subject to call
after 20 years. Interest w ill be payable at the Bank of New
Y ork, N. B. A.
New Y ork State—Bond Offering.—Proposals w ill be re­
ceived until 12 M. February 28, 1898, by James A. Roberts,
Comptroller, for $400,000
registered bonds. Securities
are issued pursuant with Chapter 220, Laws of 1897, for the
acquisition o f land in the territory embraced in the Adiron­
dack Park. They are in denominations of $5,000, dated
February 1, 1898. Interest will be payable semi-annually and
the principal w ill mature $200,000 February 1, 1907, and
$200,000 February 1, 1908. Principal and interest w ill be
payable at the Bank of the Manhattan Co. in New Y ork City.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Bond Sale. —The sale of the $3,230,000 3% gold canal bonds
took place yesterday, Feb. 18, 1898. W e have obtained the
result of the sale by telegraph. The bonds were awarded to
Vermilye & Co., New York, at 105*07. Nineteen bids were
received, o f which the follow ing are the highest:

fV O L , L X V I,

Oil City (Pa.) School District.—Bonds Voted.—T h e Dis­
trict, on February, 15,1898, voted to issue $45,000
new highschool bonds. Interest will be payable semi-annually in Oil
City and the principal will mature in from 1 to 1 8 ^ years.
We are advised that the bonds will be offered for sale about
September 1, 1898.
Olathe, Kan.—Bond Sale.—On February 2,1898, the State
School Fund Commissioners bought $7,090 5% refunding
school bonds, due January 1, 1917. Interest payable semi­
annually.
Omaha, Neb.—Bond Offering.—Proposals w ill be received
until 12 m . February 28,1893, by A. G. Edwards, City Treas­
urer, for $300,000 4$ 20-year funding bonds. Securities w ill be
in denominations of $1,000, dated March 1,1898. Interest w ill
be payable semi annually at the State Fiscal Agency in New
York City. N o bid w ill be received for less than 50,000 o f
the bonds. A certified check on a national bank for 2% o f
the amount bid for, payable to the city of Omaha, must ac­
company bids. Securities are issued piirsuant with Section
122 o f Charter of Metropolitan Cities, approved March 15,
1897, and authorized by ordinance approved February 9,1898.
The offic al notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Orange, N. J.—Bond Issue.—W e are advised that the Sink­
ing Fund Commissioners will take the $50,0 1 4££# bonds,
0
recently authorized to retire over-due assessment notes and
for tax arrearages.
Paterson, N. J .—Bonds Authorized by State Senate.—The
State Senate has passed a bill enabling the city of Paterson
to issue pavement bonds.
P eoria, 111.—Bond Sale.—The city has sold $3,200 Ravine
Avenue improvement bonds to the Firemen’s Relief Fund
at 105*25 and accrued interest. •
Piqua, Ohio.—Bonds Authorized.—The State House o f the
Legislature has passed a bill authorizing the issuance of
$25,000 school-house bonds.
Punxsutawney, Pa.—Bond Election.—W e are advised by
J. R. Lowry, Secretary of the Borough Council, that, owing
to an error, the Council repealed the ordinance providing for
an election February 15, 1898, to vote on the question of issu­
ing $24,000 street-improvement bonds. On February 12,1898,
the Council passed a second ordinance calling the election for
March 29, 1898.
Racine, W is.—Bond Offering.—Pcoposals will be received
until 2 p . m . March 3, 1898, by W . A. Driver, City Treasurer,
for $25,000 f> school bonds. Securities will be dated Sept­
%
ember 1, 1897, denomination will be $1,000, and they w ill
mature one bond annually to 1917, when six bonds will be­
come due. Principal and interest will be payable at the City
Treasurer’s office or at the Chemical National Bank, New
York, at option of the holder. Bonds of Racine are secured
by a sinking fund and a direct tax is levied each year.
R ockville, Ind.—Bonds Proposed.—It is stated that the
city has under consideration the question of issuing bonds
for wt ter- works and electric-light systems.
Sault Ste. Marie, M ich.—Bond Sale.—On February 1,1898,
the $24,264 84 0 %% paving bonds were awarded to Dietz,
Denison & Prior, Cleveland, at 103*008. Following are the
bids:
Dietz, Denison & Prior, C le v e ...103*018 |Spitzer ft Co.. T o le d o ....... .
..102'29
Longstreet', Steelman & Co.,Bos. 103-378 |S. A . Kean, C hicago.................. has! s

Bonds mature $1,784 86 February 1,1899, a n l $2,500 yearly
thereafter until Feb. 1,1908. For further description of bonds
see C hronicle January 15, 1898, p. 15 *
.
Schenectady, N. Y.—Bond Sale.—On February 14, 1898,
$9,005 04 H street improvement notes were awarded to the
Schenectady Savings Bank at 101*34. Following are the bid s:.
Schenectady Savings Bank......... 101-34 I Isaac W . Sherrill, Poughkeepsie.100*51
W illis T. Hanson, S chenectady..100*56 I

Notes are dated February 14,1898, and mature one note of
$2,251 26 yearly from May 14,1899, to May 14,1902, inclusive.
Interest will be payable annually.
out of portions of Kershaw, Darlington and Sumter counties.
Sevier County, Tenn.—Bond Sale.—On February 7, 1898,
the County Court sold Rudolph Kleybolte & C o., Cincinnati,
$35,0 ¡0 5% 15-year pike bonds at 100*386.
Shawnee, Oklahoma.—Bond Election.—An. election will
be held February 21,1898, to vote on the question of issuing
not more than $75/ 00 water-works bonds.
Sing Sing, N. Y.— Bond Offering.—Proposals w ill be re­
ceived until 1 2 m ., March 1, 1898, by John M. Terwilliger,
Village Clerk, for $9,658 61 4$ improvement bonds. Securi­
ties are in denominations as follows: One bond for the sum
o f $158 61, due one year from the date o f issue, and nineteen
bonds o f $500, each running and becoming due from one to
nine years after date of issue. Interest will be payable May
1 and November 1.
Sussex County, Va . —Bonds Authorized.—The State Legis­
lature has passed a bill authorizing the Board o f Supervisors
of this county to issue bonds.
Tiffin, Ohio.— Bond Offering.—Proposals will be received
For the entire Issue.
I
For Part of the Bonds.
until 12 M. February >9, 1898, by the Finauce Committee o f
V erm ilye & Co.. New Y ork ........ 105*07 |Jos. E. Gavin. Bail. ($500,0001.. .103'989
rm .-ie i M anufacturers’ & Traders’ B ’k,
the City Council at the office of the City Clerk for $9,500 6%
N ational City Bank, N. Y .•... j xo4'35 I ($250,000), Buffalo.....................103*73
debt-extension bonds. Securities are issued pursuant with
E .H .R ollins & Sons,
v
i o i *09 I Lafayette Fire Ins. Co., N. Y.
($100,000)
....................... ....10244
Section 2701. Revised Statutes of Ohio, and authorized by
K ountze Bros.,
}
..........
.....
N. W . H irris & C o., New Y o r k .103-034 Dan’l A . Moran & Co., N. Y.
($200,000).................................... 100-689 ordinance passed by the City Council January 17, 1898. They
Harvey Fisk & Sons, N Y ........ 101*777
Bonds mature Jan. 1, 1913 F or further particulars see ax© in denominations o f $500, dated March 1,1898. Interest
w ill be payable semi-annually aad the principal matures
C h r o n i c l e Jan, 29, 1898, p. 251.




THE CHRONICLE.

F ebruary 19 1818.J

March 1, 19^8. Both principal and interest are payable at
the office of the City Treasurer. A certified check or draft
for $5 0, payable to the City Clerk, nunt accompany bids.
Toledo, Ohio.—Bond Election—The Board of Couucilmen
has passed a resolution providing for an election to vote on
the question of issuing $50,000 bonds for four new fire-engine
houses.
Topeka, Kan.—News.—W e have received the following
from Mr. S. S. McFadden, City Clerk, relative to a report in
some of the papers that the city was considering the issuance
o f $15.000 bonds for a water-works system: “ Thereis nothing
definite about any bond issue at present. I f anything is
done, a proposition to issue bonds, either to purchase the
water-works or construct new works, must be submitted to
the people. Such a proposition cannot be prepared and sub­
mitted until April.” Mr. McFadden says that $800,000 would
be required to establish a water-works system.
I jU lster County, N. Y.—Bond Sale.—On February 15, 1898,
the $75,000 4# refunding bonds were sold at auction in lots of
$3,000 as follow s:
Bondi Maturing—
Pric“. | Bonds Maturing—
Price.
1899, Ulster Co. Savings Bank___100*9(5 1912, Rondout Savings Bank........I l l ’3«
1900, R indout Savings Bank.......101*93 1913, R ondout Saving* Bank........112*03
1901, Rondout Savings B an k...... 102*76 I IS'14, R ondout Savings B an k ........112*63
1902, R ondout Savings Bank. .. 103*6611915, Rondout Savings Bank....... 113*24
1903, New Paltz Savings B ank... 104* *1 1916, R ondout Savings Bank....... 11*4*84
1904, R ondout Savings B an k...... 105*25 1191*, Rondout Savings Bank........114*4'
1905, R ondout Savings B ank.......106 00 11918, Saugertiee Savings B an k... 114*96
1906, Saugerties Savings B a n k ...106*55 11919. Rondout Savings Bank.......115*51
1907, Ulster Co.Savings B a n k ....107*311 1920, Ezra Fitch.. .......................11602
1908, U lster Co. Savings Bank
108*21119 'i , Rondout Savings B an k...... 116*54
1909, Ulster Co. Savings B an k... .109*09 11922, R ondout Savings Bank.. ., .117*02
1910, R ondout Savings Bank.......109*92 1923, R ondout Savings Bank....... 117*50
1911, U lster Co. Savings B a n k ....110*67 I

As stated above, the bonds mature $3,000 yearly, be­
ginning March 1,1899. The county also sold $33,000 4# court­
house bonds to the Rondout Savings Bank at 115*10. Bonds
mature March 1, 1933. For further description of above
bonds see C h r o n i c l e January 39,1898, p. 253.
W arren County ( P . 0 . Y icksburg), Miss.—Bond Sale.—
On February 7,1898, the $15.5!*o 5# 20 year refunding bonds
were awarded to Edward S. Butts, President of the Yicks­
burg Bank, at 102*50.
Leans Awarded.—A t a meeting of the Board o f Supervisors
held February 7, 1898, the following offers were received for
such loans as may be needed during the year 1898:

N EW

OF

J. H . & W . F. B rabston...$5,000 at Sift I E. S. Butts, A g e n t .......;...$ i,0 ')0 at 6%
Frank A . Schm idt............. 5,000 at & % \Merchants’ Nat. Bank........ 4,000 at 6£
%

T h e bids o f M essrs. B rabston and S ch m id t w ere accepted.
W a r e , M a ss .—Bond Sale.— T h e tow n has aw ard ed $8,000
4 i 1 -8 year coupon notes and a $4,500 4$ 1-year n ote to J o s e /
Parker & C o ., B oston, at 103*7375 and 100*8275, respectively.
F o llo w in g are the bids reported b y the “ B ostoh N e w s
B areau ” :

1,643,250«
33,049,503
24*09

A . G. E DW AR DS,
City Treasurer.

Old Virginia Securities.
The General Assem bly o f Virginia has enacted a
law, approved January 25,1898, allowing the holders
o f her old securities, n ot funded under act o f Feb­
ruary 14, 1882, or February 20, 1892, until J u ly l.
1898, to fund them , at the same rates as provided in
th e act o f February 20, 1892, except as to the tim e
th e new bonds shall carry interest.
This is probably the last tim e that this opportunity
w ill t e allowed, and parties holding any o f the secur­
itie s m entioned should avail them selves o f it w ith­
o u t delay.
F or particulars address,
JOSIAH R Y L A N D , J r .,
Second A uditor,
a »d President o f Commissioners o f
Sinking Fund o f Virginia,
Richm ond, Va.




Blodgett. Merritt & Co.. B oston. 101*810
E. H. Roilins & Sons, B oston ... .101*777
Edw. C. Jones & Co., New Y ork.101*675
Bertron & Storrs, New Y o rk ...,,101*170
S. a . Kean, Chicago ........ ......... 100*750
Seymour Bros. & Co., New York.100*270
W . J. H ayes & Son, Cleveland,
($862 50).

B onds w ere aw a rd ed to Joseph E . G a v in , as th e b id o f
L on gstreet, Sted m an & C o. w a s n ot in accordance w ith th e
citv*s advertisem ent.
W e s tfie ld , M a ss .— Bond News.— A t a special to w n m eetin g
held F eb ru ary 15, 1898, tn e vote o f A p ril 5, 1897, a u th o riz­
in g the issuance o f $1 0,009 w ater bonds w as modified so
th a t the bonds w ill m ature $4,000 annually. T hese are the
bonds sold Jan u ary 27, 1898, to P arkinson & B u rr, B oston,
and were to m ature $3,000 y ea rly fo r 10 years a id $3,500
y early thereafter. T h e above action w as taken o w in g to th e
attorneys o f the purchasers advising th at |the loan could n ot
stand th e test o f la w because the annual paym ents o f th e
b on d s w ere unequal.
W e s tm o r e la n d . K a n .—Bond Sale.— O n F eb ru ary 2 ,1 8 9 8 ,
the State School F u n d Com m issioners b ou g h t $4,700 5# bonds
o f this city . Interest w ill be payable sem i-annually.
W e s t T a m p a , F la .— Bond Sale.— T h e city has sold $50,000
bonds to R u d o lp h K le y b o lte & C o ., C incinnati. Securities
are issued for th e purpose o f p aying off its present indebted­
ness and p u ttin g in a w ater-w orks system .

N EW

3X P E R C E N T B O N D S .
Comptroller ' s Office ,
A l b a n y , February 17th, 1898.

LO A N S.

MASON, LEWIS & CO.,

i

)
N otice is hereby given that sealed proposals will be
Sealed bids, marked “ proposals fo r bonds,” will be
received by the undersigned, up to 12 o ’clock noon o f received at this office until the 28th day o f February,
the 28th day o f February, 1898, fo r the purchase o f inst., at noon, fo r the purchase o f $400,000 registered
$ 3 0 0 ,0 0 0 or part thereof, hut n ot less than bonds o f this State, to be issued pursuant to the pro­
$50,000, o f 20-year 4% semi-annual Funding Bonds o f visions o f Chapter 220 o f the Laws o f 1897, fo r the
th e City o f Omaha, to he dated March i st, 1898, o f acquisition o f land in the territory embraced in the
denom inations o f $1,000 each, and payable at the Adirondack Park.
The bonds will be dated February 1st, l s98, and will
Nebraska Fiscal A gency in New York.
Each bid must contain a distinct proposal stating be o f the denomination o f $5,000.00 each; will draw
interest at the rate o f 3}4 Per cent per annum, pay­
the amount bid for and premium offered in addition
to the principal and accrued interest to date o f pay­ able seini-annually, and will mature $200,000 Feb­
m ent, and must be accompanied by a certified check ruary 1st, 1907 and $200,000 February 1st, 1908.
Principal and interest will he payable at the Bank
•on a National Bank, payable to the City o f Omaha, in
o f the Manhattan Company in the City o f New York.
a sum equal t o 2% o f th e am ount hid for.
The Comptroller reserves the right to reject allBonds are authorized by Section 122 o f Charter o f
M etropolitan Cities, approved M arch 15th, 1897, and bids which are n ot in his opinion advantageous to
the int erests o f the State.
Ordinance 4353, apyroved February 9th, 1898.
A ll prooosa s must be sealed and endorsed “ Ad­
T he faith and credit o f the City o f Omaha are
pledged fo r the paym ent o f the principal and inter­ irondack Park L oan,” and directed to the Comptrol­
ler o f the State o f New York. Albany, N. Y
e s t o f said bonds.
JAMES A . ROBERTS,
The right to reject any and all bids is reserved.
Comptroller.
BONDED DEBT:
«General,including this issue ...$3,336,100
B ess exem ptions as to limit........ 1,350,000—$1,986,100
Special assessm en t.....................
A ssessed valuation 1898.............
Mill levy per $1,000..............

$12,500

101*77«
101*78

Longstreet. Stedmau ft, Co., Bos.l0!*476
Josenh E Gavin, Buffalo............to *425
Whann & Schlesinger, N. V.......102*421
N. W . Harris & Co., New York. .102*410
Dietz. Denison & Prior, B os.......102*310
Mason, Lewis & Co., C hicago....102*199
Geo. M Hahn, Nsw York ..........102*170
..
Farson, Leach & Co., New Y o rk .102*125

O M A H A , N E B ., S T A T E o f N E W Y O R K
Om a h a , February 10th, 1898.

$4.500
10>8375
100*54
100*57
100*55

W a te r to w n , N . Y .—Bond Sale. — F o llo w in g are th e bids re­
ceived on F ebruary 15, 1898, fo r the $125,000
2 -2 4 year
(serial) fu n d in g and deficiency revenue bonds o f ta is c ity :

^ 4 0 0 ,0 0 0

4 * F U N D IN G B O N D S .

$8,000
102*7375
102*52
102*39
1(.2*33

Jose, Parker & C o........
Adams & C o ................
Blake Bros. & Co ........
Parkinson & B u r r ........
R. L. Day & Co ...........
Blodgett, Merritt &Co.

N E W LO A N S.

LO A N S.

^ 3 0 0 ,0 0 0

C IT Y

396

Government and
Municipal Bonds

B O U G H T A N D SOLD.

BAN KERS.
6 7 M ilk Street, Boston,
1 7 1 L a Salle Street, Chicago,
O FFER FO R SALE

Stow e, Vt ....................................................... ..4 s
Sedalia, M o,......................................................
Trinidad, Col. (Gold)............................ ..... .5 s
Lake County, In d ................. ....................^ .5 s
South O m ah a , hieb...........................................5 s
Momencr, 111 .......................................
5s
B ngo i* & . Arno- took R R . First M ortg...5s
T h e Akron Gas Co,, Akron, O ., 1st M tg .S s

H IG H -G R A D E
State, Municipal, County, School

BONDS.
Legal investments fo r Savings Banks in New York
and all New England.

Rudolph Kleybolte & Co.,
B A N K E R S ,
3 5 and 3 7 Nassau Street, New Y o r k .
Cincinnati, Ohio.
L IS T S M A IL E D UPON A P P L IC A T IO N .

ADAMS & COMPANY,
BANKERS/

A PPRAISEM EN TS M ADE OR QUOTATIONS
FURNISHED FOR T H E PURCHASE, S A L E , OR
EXCHANGE OF A BO V E SECURITIES.

D E A L E R S IN

L IS T S ON A P P L IC A T IO N .

N. W. H A R R I S & CO., I N V E S T M E N T B O N D S ,
BANKERS,
3 1 NA SSA U S T . (Bank ot Commerce Bldg.)

‘Members o f Boston Stock Exchange.

No. 7 Congress and 31 State Streets, ]

$ 200,000

BOSTON*

Central H it, & Electric Go.
(O f New Britain, Connecticut.)

1st Mortgage Sinking Fund Gold 5s.

^ 2 5 ,0 0 0

¿r

This road has direct connection with the Citv o f
Hartford.
S e r i fo r earnings to Oct. 1,1897, and fu ll descrip
tlon j f roperty.

7% Well-secured 1st Mort. Gold Bonds,

E. H, ROLLINS < SONS,
&

CALVIN PH’L'PS,

1 9 M ilk Street, Boston, Ma.es,

M aturing in 1 9 0 4 .
F or particulars address

C AL IF O RN IA BUILDING,

TACOM A,

-

W A S H IN G T O N .

THE CHRONICLE,

[\ ol. L X V I.

H olly Beach, N. J.— W. H.
W ilkes-Barre, P a— Bond Sale.—The city has sold to Edw.
C. Jones Co., New York, $210,000 H refunding bonds. Se­ ough is in Cape May County.
I m pr o v e m e n t Bonds —
curities are coupon bonds of $1,000, dated March 1,1898.
6s, A & ), $29,500...................... 1911
Bonds mature as follows:
Bonded debt Feb. 1 5 ,’ 98. $29,600
$20,000 March 1,1908;
40.000 March 1,1908;
60.000 March 1, ¡928;
50.000 March 1,1928;
50.000 March 1,1928;

This b or­

T otal valu a tion in 1897. $217,613
T a x rate (per $1,000) 1 8 9 7 ..$ 3 -5 0
P opu lation 1897 (est.)..............35 0
5,000 P opu lation 1 8 9 0 ....................... 217
34,600

Sehool-bouse bon ds —
Total debt Feb. 1 5 ,1 8 9 8 .

10 years, optional after 5 years.
10 years.
30 years, optional after 10 years.
30 years, optional after 20 years.
30 years.

Bright, Treasurer.

M arlborough, Mass.—E. G. Hoitt, M ayor; G. S. Haskell
Auditor. This place is in Middlesex County ; incorporated
Principal and semi-annual interest will be payable at the as a city on January 1, 1891.
W a t e r B onds —
LOANS—
When Due.
office of the City Treasurer.
4s, J&J, $50,000.........J u ly 1 ,1 9 0 0
C it y N otes —
Winningham School D istrict, Nottoway County, Ya.—
4s, A&O,
$8 ,0 0 0 .......Oct. 1 ,1 8 9 8 4s, M&N, 20,000.........M ay 1 ,1 9 0 4
Bond Offering.—W e are advised by E. F. Lachett, Clerk ($2,000 due yearly) to Oct. 1 ,1 9 0 1 4s, M&S, 1 2 5 ,0 0 0 ....Sept. 1 ,1 9 1 2
4s, M&S, 75 ,0 0 0 ....... Sept. 1 ,1 9 1 3
School Board, that the district will sell $650 % bonds, matur­
%
T o w n N otes —
ing one-half in two years and one-half in three years. Interest 4*28, A&O, $20,000. A pr. 1 ,1 8 9 9 4s, M&S, 3 0 ,0 0 0 .....Sept. 1 ,1 9 2 1
G e n e r a l L oan —A& B & D —
is payable at the Bank of Crewe. Mr. Lachett says that the 4s, J&D, $5 0,00 0____June 1 ,1 9 1 5 4s. F&A, 15 0,000....... Aug. 1 ,1 9 2 2
4s, M&S, 80 ,000....... Sept. 1 ,1 9 2 4
loan is being carried by the Bank o f Crewe on an individual 4s, MAS, 1 5 ,0 0 0 ....... Sept. 1, 1905 4s, J& J, 18 ,000....... Ju ly 1 ,1 9 2 6
note o f the trustees, but that they will sell bonds if a pre­ 4s, M&N, 1 , 0 0 0 .. ...M ay 1 ,1 8 9 8 T otal debt Jan. 1 ,1 8 9 8 .. $977,056
4s, M & N ,
1,0 00......M a y 1 ,1 8 9 9 Sinking fu n d s................... 213,423
mium is offered.
4s, JVI&N,
1 ,0 0 0 ..... M ay 1 ,1 9 0 0 Net debt Jan. 1 ,1 8 9 8 ... 710,500
W inona, Miss.—News.—Regarding a report that the town 4s. M&N,
2 ,0 0 0 ..... M ay 1 ,1 9 0 1 W ater debt (in clu d ed )... 548,000
T a x valuation, rea l.........7,741,019
would shortly issue bonds for water-works, «fee., we are ad­
Se w e r B onds 1891—
vised. by C, D. Kelly, Mayor, that Jthe town “ will not issue 4s, A&O, $ 1 2 5 ,0 0 0 ... .A pr. 1 ,1 9 1 1 T a x valuation, p erson al..l,231.366
4s, J&J, 1 0 0 ,0 0 0 ... .Ju ly 1 ,1 9 1 1 T otal valuation 1897___ 8,972^385
any bonds soon.”
$1 8'1 0
48. M&S, 2 2 ,0 0 0 ....Sept. 1 ,1 9 1 4 T ax rate (per $ 1 ,0 0 0 )...
W orcester County, Mass.—Temporary Loan.—The County
Total valuation 1894 ..8 ,310 ,714
S chool N otes —
Commissioners have negotiated a ten-months’ loan of $80,000 4s, J&J. $ 6 5,00 0....... 1898 to 1917 A ssessm ent is 7-10 actual value.
($3,000 annually J>98 to 1912, and P opulation in 1895 w as____14 ,980
with Blodget, Merritt & Co., Boston, at 2*79$ discount.
P opu lation in 1890 w a s___ 13,805
$4,000 annually 1913 to 1917.)
P opu lation in 1870 w a s___ 8,474

STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received since
the last publication o f our S t a t e a n d C i t y S u p p l e m e n t .
Some of these reports are wholly new and others cover items
o f information additional to those given in the S u p p l e m e n t
and of interest to investors.
Elizabeth, Pa.—R. Blankenbuehler, Clerk. This borough
is is in Allegheny County.
B onded debt Feb. 1, 9 8 ... $11,500
F loatin g d e b t.......... .............
300
T otal debt Feb. 1 ,1 8 9 3 .... 11,800
Sinking fu n d ........................
969
N et debt F eb. 1, 1898......... 10,831

Assessed valuation 1897.$640,000
T a x rate ’ 97 (city & sell.)___$20-00
P opu lation 1897 (est.)............ 2,000
P opu lation 1890............ ..... .1 ,8 0 4

I N T E R E S T on the bon ds is payable at the W inthrop N ational B ank

Boston. Mass.

WATER WORKS are self-supporting and the value o f th e city

p rop erty is $1,280,66495.

W estbrook, Me.—Francis A. Cloudman, Mayor; A . B.
W inslow, Treasurer. Westbrook is in Cumberland County.
LOANSWhen Due. F loatin g debt, n otes....... $3 0,00 0

T otal debt Jan. 1, ’98 ... 154,300
C it y B onds 3318, v ar., $ 6 ,0 0 0 ...1 8 9 8 to 1900 T a x valuation , real.........2,756,985
4s, v ar., 3 8 ,3 0 0 ...1 8 9 8 to 1902 T ax valuation, personal. 991,410
T otal valuation 1897 ...3 ,7 4 8 ,3 9 5
R efunding B onds 48, J&D, $ 1 5 ,0 0 0 ....D ec. 1 0 ,1 9 0 5 A ssessm ent is abt. 65% actual val.
4s, A & O , 2 0 ,0 0 0 ....A p ril 1 ,1 9 0 7 T ota l ta x rate (per $1 ,0 0 0 ).$ 1 9 .0 0
4s, J& J, 2 5 ,0 0 0 ....Jan. 1 ,1 9 1 5 P opu lation in 1890 w as......... 6,632
4s, J& J, 2 0 ,0 0 0 ....Jan. 1 ,1 9 1 7 P opu lation in 1897 (est.).......8,0 00
B onded debt Jan. 1 , ’ 9 8 ..$ 1 2 4 ,3 0 0
IN T E R E S T on the re f unding bon ds o f 1907 and 1915 is p ay able in
B oston, Mass.; on all other bon ds at P ortlan d, Me.

IN V E S T M E N T S .

IN V E S T M E N T S .

M IS C E L L A N E O U S .

Investment Bonds

SYRACUSE

\m erican t x p r e s s C o.

FOR

New York Savin g s Banks
and Trustees.
liI S T S S E N T U P O N

A P P L IC A T IO N .

MEMBERS OF BOSTON AN D N EW YO RK
STOCK EXCHANGES.

R. L. D A Y & CO .,
4 0 W a te r Street, Boston.
7 Nassau Street, New Y o r k .

R A P ID

T R A N S IT

R A IL W A Y

SUITA B LE FOR

BONDS
Bought and Sold.

E D W A R D C . J O N E S CO.
N E W YO RK ,
- 1 NASSAU STREET,
P H IL A D E L P H IA
CINCINNATI.

M U N IC IP A L BONDS.
E. C. S T A N W O O D & Co.
121 Devonshire Street,
BOSTON.

Issues TRAVELERS CHEQUES
diately available as funds everywhere.
D raw s FOREIGN DRAFTS in ste rlin g ,
Francs, M ark s, and

Money Orders*

on all parts o f the Com m ercial W orld.
M akes CARLE TRANSFERS o f
to England and the Continent.

Leach

C H IC A G O .
1 0 0 Dearborn S t.

& Go.,
NEW Y O R K ,
S W a l l S t.
>

money

These facilities are obtainable at all
ifficea of the Company.

Sank and Trust C om p an yStock s
New York and Brooklyn

S A V IN G S B A N K A N D T R U S T
B U Y AND S E L L
FUNDS.
T E X A S M U N IC IP A L BONDS.
BAN K STO CKS.
LISTS MAILED ON APPLICATION,

Farson,

Capital, $18,000,000.

65 BROADWAY, N. Y.

BANKERS,

PUBLIC SECURITIES

istablished 1841.

BOUGHT A N D SOLD.

C L IN T O N
*

It. N. MENEFEE & CO., BANKERS,
CHARLES W. ROSENBERGER,

W A L L

S T .,

G IL B E R T
N E W

Y O R K .

1 8 W a ll Street, New Y o r k .

W. 'J. Hayes & Sons,

B A N K E R S ,

18

W ALL

STREET,

NEW

YORK.

BAN KERS,

WHAM & SCHLESINGER
M U N IC IP A L BONDS.

Established 1865 .

D E A L E R S IN M U N IC IP A L BO N D S,

MEMBERS OF N EW YORK STOCK BXC H AN O ®
A llow interest on deposits subject to sight ch ec*
Bay and sell on commission stocks and bon d i either
for cash or on margin, and deal in

Street Railway Bonds, and other high-grade In ­
vestments.
,

BOSTON, MASS.,
C le v e la n d , O h io,
7 Exchange Place.
3 1 1 -3 1 3 Superior St.
Cable Address. "KENNETH."

Investment Securities.
H. J. MOBSB. CHAS D. M4BVIN. w

M KtDDKt

SE C U R E B A N K VAULTS.

William E. Nichols,
3

W A I .L

STREET,

NEW

YORK.

15 W A L L S T R E E T .

-

NEW YOR K .

M U N IC IP A L W A R R A N T S .

Blod&et, Merritt & Co.,

SEND FOR

LISTS.

B A N K E R S,

W ARRANTS.

16 C ong ress Street, Boston.

“ Carefully selected. High-grade State, County, City
and Public School issues, maturing in 6 to 24 months
and earning 5 to 8 per cent our specialty.

STATE, CITY & RAILROAD BONOS

R O B T . E . S T R A IIO R N & CO.,
Equitable Building,
Boston, M ass.




G F N U IM F

WELDED CHROME STEEL AND IRON*
R ound and Flat Bars and 5-ply Plates and Angles
FOR SAFES, V A U L T S , &c.
. ,
Cannot he Sawed, Cut or Drilled, and p o sitiv e s?
Burglar P roof.

CHROM E STEEL W O R K S*
■ Kent A ve., Heap & H ooper Sts,
Sole Man’f ’ers In the U. S. B R O O K L Y N , N. Y
*>

THE

F ebruary 19, 1898.]

ffiixatitial.
F IN A N C IA L

REVIEW .

A N N U A L - 1898.
A Year Book of Financial Information.
2 8 0 PAGES.

CONTENTS.
R etrosp ect o f 1 8 9 7 .
Ba.uk Clearings and. Speculation.
L istin g s o f Securities on tlie N ew
Y o rk Stock E x ch an ge ,
B u sin e ss F ailu res in 1 8 9 7 .
B a n k in g an d F in a n c i a lM oney M arket fo r Seven Years.
New fo r k City Bank M ovements.

Great B r ita in —M ercan tile a n d F in a n ­
cia l A ffairs.
Comm ercial and Financial R eview fo r 1897.
F oreign Trade Statistics, eto.

T rad e a n d C om m erce—
Our Foreign Trade in 1897.
Values o f E xports and Im ports o f the
United States and t l,e Trade Balance
fo r 30 years, 19671897.
E xports o f Leading Articles o f D om estic
Produce fo r Three Years.
Im ports o f Leading Articles o f Merchandise
fo r Three Years.
Com parative Prices o f M erchandise, 1860
1879 and 1894 98.

The Merchants’
Loan & Trust Comoanv
Chicago.

Foretan E x c h a n g e D a ily Prices in New York In l s 9 2 - '8 i 7.

(.'lifted States Bel>t aud K ec u n ti»»Debt, o f the United States, 1793-1897
H ighest and Lowest “ rices o f U. 8. Bonds,
m onthly, 1860-1697.

State Securities.—
H ighest and L ow est Quotations o f State
Securities, 1860-1897.

R a ilro a d s an d th eir MecurttiesRailroad Statistics fo r th*> United »rates
Railroad Earnings in 1896 and 1897
Railroad Bonds in New York, 1893-1897—
Highest and Lowest Prices douthly.
R ailroad and M i-cellaneous Stocks in New
Y ork, 1893-1897—H ighest and L ow est
P rices Monthly.
Railroad Bonds m Boston, 18S7—Highest
and Low est Prices Monthly.
Railroad Stocks in Boston. 1897—H ighest
and Lowest P rices M onthly.
Railroad Bonds in Philadelphia. 1897—
H ighest and Lowest Prices Monthly
Railroad Stocks in Philadelphia, 1897
Highest and Lowest P rices Monthly.
Railroad Bonds in Baltim ore, 1897—H igh­
est and Lowest Prices Monthly.
R ailroad Stocks in Baltimore, 1897—H igh­
est and Lowest Prices M onthly.
A p p e n d ix —
I n v e s t o r s ’ S u p p l e m e n t — (Issue o f January
2 9 ,1 8 9 8 , Bound up withthe R e v i e w .)

Bound in Cloth........................................PO
To Subscribers of the Chronicle........ 1 jp

B A N K IN G H O U S E O F

H A IG H T & F R E E S E ,
53 B R O A D W A Y , N EW YO RK .

C A P IT A L AND SU R P LU S, - $ 3 ,4 0 0 ,6 0 0

Boston, 85 State St.; Philadelphia, 402 Walnut St..

ORSON SM ITH, Vice-President.
E. D. H U L B E R T , 2d Vice-President.
J. G. ORCHARD, Cashier
F. N. W IL D E R , Assistant Cashier.

D IR E C T O R S :
Marshall Field, John Tyrrell,
A . H . Burley,
r . H . McCormick, Lambert Tree, E T. Watkins
JohnU eK oven, P. L. Yoe,
ErskineM.Phelps.
Albert Keep,
J . W . Doane,
Orson Smith.
G. M. Pullman

Authorized by law to accept Trusts and
receive deposits of Trust Funds. Acts a*
Executor, Adm inistrator, Guardian, Con­
servator. R egistrar and Transfer Agent.

E xecute orders in Stocks, Bonds, Grain, Cotton
and Provisions on the New York, Philadelphia, Bos­
ton and Chi' ago Grain and Stock Exchanges for In­
vestment or to be carried on margin o f 3 to 5 per
cent at moderate rates o f interest and 1-16 commis­
sion. Interest allowed on margins and deposits sub­
je ct to check at sight.
D E T E R M I N I N G T H E F I N A N C I A L RE­
S P O N S I B I L I T Y O F T H E F I R M W IT H
W H IC H Y O U D E A L IS A S IM P O R T A N T
AS S E L E C T IN G T H E R I G H T S T O C K S .
Private wires to Boston, Philadelphia and C hicago.

IJtoife American Jgrusf
C A P IT A L ., $ 1 ,0 0 0 .0 0 0 .
U N D IV ID E D P R O F I T S , $ 2 0 0 ,0 0 0 .
A u t h o r i z e d t o a c t a s T r u s t e e , G u a r d ia n ,
A s s ig n e e a n d F is c a l A g e n t.
A l l c o n s e r v a t i v e t r u s t c o m p a n y b u s in e s s
a ccep ted .
SAM UEL M. JA R V IS, President.
ROLAND R. CONKLIN,
E. J. C H AP P E L L
Vice President.
London Treasurer
S. R, H A R B E R T .
S. L. CONKLIN
London Secretary.
Secretary.

The Investment Company
of" Philadelphia,
310 C h estn u t St., P h ila d e lp h ia .
P a i d - U p C a p i t a l,

$ 8 0 0 ,0 0 0

This Company undertakes the negotiation and
Issue o f loans and capital o f Companies on the New
York or Philadelphia Market and will make ad
vanCes upon approved Corporate; Personal or Real
Estate Security.
Under its charter rights it will act as Trustee.
Agent or Manager fo r the control o f corporations
or fo r the construction o f p blic or private works

Wisconsin

Trust

M I L W A U K E E , W IS.

Capital,

-

.

B r a n c h O ffice , 1 1 32 B r o a d w a y , N e w Y o rk .

1850.

d fo m x p a u B f
100 B R O A D W A Y , NEW Y O R K .
95 GRESHAM STREET. LONDON. E. C.

' G old and S ilv e r R eview o f Gold and Silver Production.
Product o f Gold in Australasian 'olon iei.
W orld’ s Gold Production since 1871.
W orld's Silver Production since 1871.

ffiuaiucial.

Q xn st C o m p a t it e .

Crop a n d O ther P rod u ctio n s.
The Y ear’ s Crops.
P ig ron Production and P rices.
A nthracite Coal Production.

ix

CHRONICLE.

1898.

The United States Life
Insurance Co.
IN T H E C IT Y OF N E W Y O R K .
A ll policies now Issued by this C om p an y1
contain the following clauses :
“ A fter one year from the date o f Issue*,
the liability of the Company under this
policy shall not be disputed.”
“ This policy contains no restriction«whatever upon the insured, in respect
either ol travel, residence or occupation."
A ll Death Claims paid W IT H O U T D I S ­
COUNT as soon as satisfactory proofs h a v e
been received.
Active and Successful Agents, w ishing t«
represent this Com pany, m ay com m uni­
cate with the President, at the H om e
Office, 2 6 J B roadway, New York.
O F F IC E R S :

GEORGE H . RIJRFORD.................President
0. P. FfiALEIGH ...................... .... . . Secretary
A W H E E L W R IG H T .................. A ssistantSecrltary
W ILLIAM T. STAN DEN ................................A ctuary

A ® ® UB C P E K R T .......................... .; .cashier

JOHN P MUNN..................... .......... Medical Director
F I N A N C E C O M M IT T E E :

S............ Pres. Chem.N a t. Bank

l r n i b Gi
f

JOIIN J. T UCKEK......

. . . . . . . . . . . . . Builder
,,res*lmt>- & Traders’ N at.Bk
JAMES R. PLUM........ , .............................. ....L e a th e r

Co. W M . FRANKLIN HALL,

Accountant

$250,000 00

Transacts a General Trust Business.
In v estm e n t Set-tiri ties for Sale.

I S tr itiu g

BOSTON, MASS*
®ooks audited. Examinations and mvearigatioan
sd wâîJa A® utmost es®s and tsfiskmqr.

gap

I v.

W

w

Postage, 16c.

W IL L IA M B. DANA COMPAN V
P U B L IS H E R S

B AN K ER S SHOULD

Pine Street, corner Pearl Street,
NEW

YORK.

T H IN K

More seriously about the paper used iu their ac­
count books. Do you know the W h itin g L inen
Ledgers 9 They are perfection, and will withstand
the severest tests of erasure and re-writing. They
are made in tints that give the eye most ease by nat­
ural or artificial light. Recommended by'oculists.
Write for samples and booklet, free.

J. Spencer Turner,
SUCCESSOR TO

B r in c k c r t s o l t , T u r n e r & C o.,
M AN U FACTU RER AN D D EALER IN

C O T T O N SAIL DU CK
AND ALL KINDS OP

COTTON CAN VAS FELTING DUCK
CAR COVERING BAGGING.
R A V E N 8 DUCK, SAIL TW IN E , &C..
POPE “ A W N IN G ’’ STRIPES.

W H IT IN G P A P E R C O M P A N Y ,
H olyoke , Mass., and 150 Duane Street, New Y ork .

AGENT

UNITED STATES BUNTING CO.
.A full supply all Widths and Colors, always 1
b

stock.

109 Dnane Street, New York.

an k

B

of

charleston

.

N ATIO N A L BAN KIN G ASSOCIATION.
C M K L E S T O N , SO. C A R .
’
.CAPITAL..................................................
«300 000

s u r p l u s . ................. ......... ............ ...........;:iioo;ooo




w

w

THE CHRONICLE.

[Vou LXYI.

grust Campantes.

Union Trust Company United States Trust Co.
E o s . 4 5 & 47 W A L L S T R E E T .

OF N E W Y O R K .
80 Broadway, New York.
$ 1 ,0 0 0 ,0 0 0
$ 6 ,2 1 3 , OOO

C A P I T A I .,
SURPLU S,

AUTHORIZED TO ACT AS

AHD IS

A L E G A L D E P O S IT O R Y FOR MONEY.
ACTS AS TR U STE E OF MORTGAGES OF
CORPORATIONS and accepts the transfer agency
and registry o f stocks.
A LLO W S IN TER E ST ON DEPOSITS, which may
be made at any time, and withdrawn on five days’
notice, with interest fo r the whole tim e they remain
With the company.
For the convenience o f depositors this company
also opens CURREN T ACCOUNTS, subject, in ac­
cordance with its rules, to check at sight, and allows
interest upon the resulting daily balances. Such
„hecks pass through the Clearing H ouse.
Attends specially to the

M AN AGEM EN T OF R E A L ESTATE
and to the collection and rem ittance o f rents.
It makes ample provision in its

B U R G L A R A N D F IR E PROOF FAU LTS
for th e safe-keeping o f securities placed in its cus­
tody, on which it collects and remits income.
E D W AR D KING, President.
CORNELIUS D. WOOD,
}
JAMES H. OG ILVIE,
> Vice-Presidents.
AUGUSTUS W. K E L L E Y , )
3. V. R T H A Y E R , Secretary.
E. R. M E R RITT, Assistant Secretary.
C. C. R AW LIN G S. Trust Officer.

New York Security &
Trust Company,
W ALL

STREET,

NEW

YORK.

C a p ita l, 8 1 ,0 0 0 ,0 0 0 1 S u rp lu s, 8 1 ,5 0 0 ,0 0 0
CHARLES S. FA IRC H ILD , President.
W M .L . STRONG, 1st Vice-Pres.
ABR A M M. H Y A T T , 2d V ice-Pres.
OSBORN W . BRIG HT, Secretary.
Z E L A H VAN LOAN. Asst. Secretary.
Authorised to act as executor, trustee, administra­
tor, guardian, agent and receiver.
R eceives deposits subject to sight drafts, allowing
Interest. A legal depository for court and trust funds.
A designated depository for the reserve o f State
banks. A ccounts o f banks and bankers solicited.
TRUSTEES.
M. C. D. Borden, James A. Biair,
0 . S. Fairchild,
W. H. Appletjm. B. Aymar Sands, J. G. McCullough,
H Hoag Iand,
James J. Hill,
W m . L. Strong
J. W . Sterling,
E. N. Gibbs,
W . F Buckley,
H. W alter Webb,
F. R. Coudert,
S. G. Nelson,
.Tames Stillman John A McCall,
Edward Uhl
Edmund D. Randolph, Frank W . Stearns.

Rhode Island Hospital
Trust Company,
P R O V ID E N C E , R . I.
C a p i t a l ...8 1 ,0 0 0 ,0 0 0 I S u r p lu s ....8 7 5 0 ,0 0 8
DIRECTORS,
Christopher Lippitt, Horatio N. Campbell.
Royal C. Taft,
R sbert Knight,
R obt. H. I. Goddard, John W . Danielson,
Geo. W. R. Matteson, Herbert J. W ells,
William D Ely
John C. Pegram,
Robert I. Gammell,
Lyman B. Goff,
William Binney,
Eugene W. Mason
William B W eeden, Geo. Gordon King,
Rowland Hazard,
Rowland G. Hazard,
Edward D. Pearce
Lucian Sharpe.
H E R B E R T J. W ELLS, SAM’L R . D O R R À NCB
President.
Vice-Preside t.
W M. A . G AM W ELL
E D W A R D 8. CLAR K ,

The Union Trust Co.
716-717-719 Ch e s t n u t St r e e t

P H IL A D E L P H IA , P A
Incorporated 1882.

C A P IT A L ,

-

$ 1 ,0 0 0 ,0 0 0

Transacts a General Trust and Safe Deposit Business
A cts as Transfer Agent, Registrar and Trustees
under corporation mortgages.
Collects and Remits Income at Reasonable Rates.
Solicits A ccounts o f Bankers and others.
Interest Allowed on Deposits.
President,
V ice-President.
J. SIMPSON A FR IC A . THOMAS R PATTON
2d V ice-President, GEORGE A . FLE TCH E R .
Treasurer and Secretary.
Trust. Officer
R IC H A R D S. E D W AR D S. PE RC Y B. M ETZGER
DIRECTORS.
Joseph I. Keet'e, Thos. R . Patton,
J. S. A frica.
Edward Bailey, Chas. A . Lagen, Edw. L. Perkins,
G eo. A . Fletcher, John P. McGrath, W m. C. Stoever,
hom as G. Hood, Harrv W . Moore, J. W . Suppléé,
m . B . Irvine, . Oscar R . Meyers, Joseph Thomas




$ 1 ,8 0 0 , 0 0 0 .
1
This Company is a legal depository fo r moneys

aid
Court, and
^ Intoor Executor.is authorized to act as Guardian,
'rustee

IN T E R E S T A L L O W E D

Executor, Administrator, Guardian,
Receiver or Trustee,

4«

C A P IT A L AND SU RPLU S,

ON D E P O S IT S

which m ay be made at any tim e and withdrawn
after live days’ notice, and will be entitled to inter­
est for the whole tim e they may remain with the
^Uxecutork, Administrators, or Trustees o f Estates,
Religious in d Benevolent Institutions, and individ­
uals, will flDdthis Company a convenient depository
for money
JOHN A . S TEW A RT, President,
D. W ILLIS JAMES, Vice-President,
JAMES S. CLARK, 2d Vice-President,
H E N R Y L. TH ORN E LL, Secretary,
LOUIS G. HAM PTON , Assist. Sec’y.

TRU STEES«
Samuel Sloan,
Charles S. Smith. W . W ald. A stor,
D. W illis James, W m . R ockefeller,Jam es Stillman,
John A . 8tewart, A lexander E. Orr.John Claflin,
J. H. Rhoades, W m . H. Macy, Jr.John J. Phelps,
Anson P. Stokes, W m. D. Sloane, Daniel Lord,
John C. Brown, G. H . Schwab,
John S. Kennedy,
Edward Cooper, Frank Lym an,
D. O. Mills,
W . B. Cutting. Geo. F. V ictor, Lewis C. Ledyard

CONTINENTAL
TRUST COMPANY,
OF TH E

C IT Y

OF

NEW

YORK.

30 B R O A D S T R E E T .
C A P I T A L ...................................8 5 0 0 ,0 0 0
S U R P L U S ................ . ............... 3 5 0 ,0 0 0
OTTO T. B AN N A RD ......................................President
W ILLIAM A L E X A N D E R SM ITH .. .1st V ice Pres’t
GORDON M A C D O N A L D ...2d V ice-P res’t and Sec’y
H E N R Y E. D A B O LL..................Assistant Secretary

OLD COLONY
TRUST COMPANY.
B O S T O N , M ASS.
C A P IT A L ,
.
.
.
$ 1 ,0 0 0 ,0 0 0
SURPLUS,
1 ,0 0 0 ,0 0 0
T r a n s a c ts a G e n e ra l B a n k in g B u sin ess.
ALLOWS INTEREST ON D AILY BALANCES SUBJECT
TO CHECK
TRUSTEE UNDER MORTGAGES. TRANSFER AGENT
REGISTRAR

B O A RD OF D IR E C T O R S :
T. Jeflerson Coolidge, Jr., President.
Oliver Ames,
W alter Huunewell
C W . Am ory,
Samuel Carr,
B. P. Cheney,
Geo. V. L. Meyer,
T. Jefferson Coolidge,
Laurence Minot,
Chas. E. Cotting,
• Richard Olney,
Geo. F. Fabyan,
H enry R. Reed,
Geo. P Gardner,
. Nathaniel Thayer,
H enry S. H owe,
Stephen M. W eld,
H enry C. W eston.
T. J e ffe r so n Co o lid g e , J r ., President.
C. S. T u c k b r m a n , Vice-Pres’t and Treae.
G e o . p . Ga r d n e r , G o r d o n A b b o t t ,
F r a n c is R. h a r t , Vice-Presid
H. A . P h ip p e n , Secretary and Ass’t Treas.
J o se p h G. St e a r n s . Ass’t Secretary.

AMERICAN LOAN
—A N D -

TRUST

COMPANY,

B O S T O N , M ASS.
$ 1, 0 0 0 ,0 0 0
5 0 0 ,0 0 0

C A P IT A L ,
SURPLUS,

D esig n a ted b y th e S u p rem e C o u r t ae a
D e p o s ita r y f o r C o u r t M on ey *.
In t e r e s t a llo w e d on D e p o s its .
E x e cu te s a l l T ru s ts .

A legal depository o f m oneys paid into Court and
for Administrators, Executors, Guardians ,
Trustees.
IN TEREST A L L O W E D ON DEPOSIT8.
Trustees under Mortgages, Transfer Agents andRegistrars o f Stock.
B OARD OF DIRECTORS.

TRUSTEES
W illiam Jay,
Giraud Foster.
Alfred M. H oyt,
Gordon Macdonald,
R udolf E. F, Flinsch,
Gordon N om e,
Robert S. H olt,
A . Lanfear Norrie,
Oliver Harriman, Jr,,
William F. Cochran,
Wm. A lexander Smith, W alter Jennings,
Robert Olyphant,
W illiam A. Hazard
W . Seward W ebb,
Frank H. Platt
Otto T. Bannard.
Trenor L. Park,
Robert W . DeForest.
Oswald Sanderson.

Chas. Francis Adams, 2d. Samuel Little,
Oakes A. Ames,
S. B. Peabody,
Edwin F. Atkins,
Francis Peabody
Isaac T. Burr,
A lbert A. Pope,
Samuel Carr,
N. W. R ice,
F. Gordon Dexter,
R. E. Robbins,
David P. Kimball
W . B. Thomas,
8. ENDICOTT PEABOD Y, President.
N. W . JORDAN, Actuary,
E. A . COFFIN Treasurer

T he

S ta te
100

T rust C o .

BROADW AY.

C a p it a l a n d S u r p lu s )

-

Maryland Trust Co.,
CO R N E R SOU TH AND G ERM AN S T S.

$ 1 ,8 0 0 ,0 0 0

A c ts a s T r u s te e , R e g is t r a r , T r a n s fe r and
F is c a l A g en t o f C o r p o r a tio n s, and a s E x ­
e c u to r, A d m in is tr a to r, T ru s te e , G u a rd ia n
an d C om m ittee o f E sta tes. L e g a l D e p o si­
to ry fo r C ou rt and T ru s t F u n d s. T a k e s
fu ll c h a r g e o f R e a l an d P e rs o n a l E states.
In te re st a llo w e d on D ep osits .
FRANCIS S. BANGS, President.
W M . A . NASH, Vice-President.
MAURTOE 8 DECKER, Secretary.
H . M. FRANCIS, Treasurer
,
H . B. B ER R Y, Trust Officer.
TRUSTEES.
Willis S. Paine,
Forrest H . Parker,
H enry H . Cook,
Charles Scribner,
W alter S. Johnston, Charles L. Tiffany,
Joseph N. Hallock.
George W. W hite,
Edwin A. McAlpin,
Percival Knauth,
Andrew Mills,
Francis 8. Bangs,
W illiam A. Nash,
Francis Lynde Stetson,
Geo. Foster Peabody, Thomas A. McIntyre.
J. D Probst,
Edward E. Poor.
H enry Steers,
Anson G. McCook.
George W . Quintard R . A. C. Smith,
Thos. F. Ryan.

G U A R D IA N
SECURITY

Trust & Deposit Company
B A L T IM O R E .
General Banking and Trust Business, Becomes
Trustee under Mortgages or Deeds o f Trust, Finan­
cial or Transfer Agent for States, Cities or Corpora
tions, etc., etc. Pays interest on Deposits.
E D W A R D STAB LE R, JR., President.
W M . M. BYRN, Secretary and Treasurer.
D A N IE L M ILLER, JON. K. TA YL O R ,V ice-P res’ts.
Executive C om m ittee: W m. H. Bosley (John S.
Gittlngs & Co.), Chairman; George B. Baker, H enry
C. Matthews, John L. Blake, Francis A . W hite, Matt.
C. Fenton, Lewis A. Gusdorff.

Metropolitan Trust Co.
O f the City o f New York.

3 7 an d 3 9 W a l l S tr e e t, N e w Y o r k .
P a id -u p c a p it a l..............................^ i ’ o n n ’ nni!
¡surplus............................................... 1,000,00**

Designated as a legal depositary by order o f
Supreme Court. R eceive deposits o f m oney on in­
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
_ m
„
Bray ton Ives, President. Fred’k D. Tappen.V.-Pres.
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
Raymond J. Chatry. Assistant Secretary

B A L T IM O R E .
C A P I T A L , 8 1 ,0 0 0 ,0 0 0
LE G A L DEPOSITORY FOR COURT AND
TRUST FUNDS.
A cts as Financial Agent for States, Cities Towns«
Railroads and other Corporations. Transacts a g e n .
eral trust business. Lends m oney on approved se<
curity. Aliows interest on special deposits. A cts
as Trustee under Mortgages, Assignments and
Deeds o f Trust, as Agent for the Transfer or Regis­
tration o f Stocks and Bonds, and fo r the payment o f
coupons interest and dividends.
J. W ILLCOX BROW N, President
LLOYD L. JACKSON, First Vice-President.
H E N R Y J. BOWDOIN, Second Vice-President»
J. BERN ARD SCOTT, Secy. & Treas.

A

DIRECTORS
W m. A.Marburg,
Frank Brown,
A lex. Brown,
H. J. Bowdoin,
Leopold Strouse,
Basil B. Gordon,
Henry Walters,
W . B. Brooks,Jr.,

Lloyd L.JacksonJJosbuftLevering,
H. A. Parr,
James Boud,
Clayton C. Hall, J. 1). Baker,
J. W ilcox Brown, John B. Garrett,
B. N. Baker,
F. M .Thlertot,
Fred’k W. W ood G. A .von L ingen ,
Andrew D.Jones Jos. E. Willard,
W .H Baldwin,jr|J. A . Tom pkins .

Missouri Kansas & Texas
Trust Co.,
7 th an d W y a n d o tte S ts ., K a n s a s C ity . M o .
1 N assau S t., N .Y ., 4 0 0 C h estn u t S t .,P h ila .
1 9 4 W a sh in g to n S t., B osto n .
S ln g el "438, A m s terd a m , H o lla n d .
D o r o th e e n -S tr a s s e 5 4 B e r lin , G erm a n y .
3 1 L o m b a r d S tr e e t, L on d on , E n g la n d .
S a n d th o rq u a l 2 ,” H a m b u r g , G e r.
1 5 R u e dn L o u v r e , P a r is , F ra n c e .
C a p ita l.................................... ....... . - 8 1 ,2 5 0 ,0 0 0
S u rp lu s an d U n d iv id ed P ro fits .. 1 ,2 5 0 ,0 0 0
A R T H U R E, S TIL W E LL. President.
Vice-Presidents: J. McD. Trimble, E. L. Martin
W. S. Taylor, Jacques T. Nolthenius
A C. Robinson, Secretary; Wm. S. Taylor, Treas.
u rer; Frank B. W itcox. Assistant Treasurer: J, J
Cairnes, Assistant Secretary; E S. Mosher A sst.
Secretary; Nath’ l Norton, Ass’t S ecretary; Trim ble
& Braley, General Attorneys.

E x ecu tes a G e n e ra l T r u s t B u sin ess.
A cts a s T ru stee* T r a n s fe r A g en t o r R e g is ­
t r a r fo r C o r p o r a tio n s ,
A cts a s E x e c u to r , A d m in is tr a to r , G u a rd in g
o r T r u s te e o f E sta tes.
C o lle cts W e s te r n M o rtg a g e s .
T a k e s c h a r g e o f p ro p e r tie s , c o lle c tin g
R e n ts , p a y in g t a x e s , e tc., fo r
E a ste rn I n v e s t o r s .