The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Quotation -Supplement (M
onthly) StreetRailwaySupplement (Q
uarteri^1
investors Supplement(0^) StateandCitySupplement(§m kM $
(E n te r e d a c co r d in g to A c t o f C ongress, in th e y e a r 1 8 9 7 , b y th e
V O L .
6 4 .
S A T U R D A Y ,
% he
W
il l ia m
(Etecriricle.
H OU SE
R ETU RN S.
W eek BnAino F ebruary 20.
1897.
1896
N o w Y o r k ............. .
....
B oston
............................
P h ila d e lp h ia ................. ............
B a ltim o re
................. .
C h ic a g o
....................................
8 t. L ou i $ ........................ ..........
N e w O rlean s
. . . . . . . . . ...
$ 4 5 5,83 8,2 33
09.631,233
52,225.697
10.536.053
66.627,722
23.989,439
7,299,943
$52 1 ,8 2 6 ,7 6 5
68 ,8 3 4 ,2 7 8
5 2 .502,774
11,408,043
68,761,514
19,249.965
8,345.581
S e v e n c itie s , 5 d a y s ____
O th e r c l ’ ies, 5 d a y s . _______
$68 6,14 8,3 25
127 ,926,248
$ 7 5 3,97 8,9 60
132 ,849,243
T o t il all c itie s , 5 d a y s
$31 4,07 4,5 73
161,437,291
$ 8 3 0 ,8 2 8 ,2 0 8 ”
$97 5,51 1,8 64
$88 6 ,8 2 8 ,2 0 8
T o ta l all c it ie s f o r w eek
..
ana
Co
m pan y
2 0 ,
,
in th e offioe o f th e L ib ra ria n o f C o n g ress.
1 8 9 7 .
N O . 1 ,6 5 2 .
W eek ending F ebruary 13.
The following table, made up by telegraph, eto., indicates
that the total bank clearings of all the clearing houses
of the United States for the weekending to-day, February 20,
have been $975,511,894, against $873,052,940 last week and
$886,838,208the corresponding week of last year. The totals
in both years cover only five business days, Washington’s
Birthday having intervened.
Cl e a r i n g s .
Ile tu n u by Telegraph.
D
F E B R U A R Y
P U B L IS H E D W E E K L Y .
T e r m s o f S u b s c r ip tio n — P a y a b le in A d v a n c e :
P o t O n e Y e a r ..................................... .................................. ............$ 1 0 0 0
F or S ix M o n th s........................... ................................... ..................
6 00
E ir o p e a n S u b sc r ip tio n (ln o ltid in g p o s ta g e )......................... 1 2 0 0
E u ro p ea n 8 a b so r lp tio u S ix M o n th s (in c lu d in g p o s ta g e ).
7 00
A u n u a l S u b sc r ip tio n in L o n d o n (in c lu d in g p o s ta g e )___ £ 2 1 0 s.
S ix M ob.
do.
do.
do.
...£ 1 1 0 s .
T he I n v e st o r s ' S u p p l e m e n t w ill b e fu r n is h e d w ith ou t ex tr a ch a rg e
Co e v e r y a n n u a l su b sc r ib e r o f t h e Co m m e r c ia l a n d F in a n c ia l
C h r o n ic l e .
The S t a t e a n d Ci t t S u p p l e m e n t w ill a ls o b e fu r n ish e d w ith ou t
ex tra ch a rg e to e v e r y su b scr ib er o f th e C h r o n ic l e .
T he S t r e e t Ka il w a v S u p p l e m e n t w ill lik e w is e be fu r n ish e d w ith
o u t ex tra ch a rge to e v e r y su b scrib er o f th e C h r o n ic l e .
The Q uo ta t io n S u p p l e m e n t , issu ed m o n th ly , w ill a lso be fu r n ish e d
w ith ou t ex tr a ch a rg e to e v e r y su b scrib er o f th e C h r o n ic l e .
F ile o o v e rs a r e so ld a t 5 0 c e n ts e a c h ; p o s ta g e on th e sa m e Is 18
e a t s . F ile c o v er fo r s u p p le m e n ts c a n be h a d a t oflloe fo r 6 5 c e n ts or
m a ile d fo r 8 0 c e n ts .
T e r m s o f A d v e r tis in g —( P e r in c h sp a c e ).
O n e t im e ...... .............................. $ 3 5 0 I T h ree M on th s (1 3 tim e s ) .. $ 2 5 0 0
O n e M onth
(1 t im e s ) .. 1 1 0 0 8 ix M onth s
(2 6 “ ) . . 4 3 0 0
T w o M on th s
(8
“
1 8 0 0 | T w e lv e M o n th s (52 •• ) . . 5 8 00
(T he a b o v e te r m s fo r o n e m o n th a n d u p w a rd a r e fo r s ta n d in g cards.)
L o n d o n A g e n ts:
M essrs. E d w a r d s * S m it h , 1 D r a p e r s ’ G a rd en s, E . C ., w ill ta k e su b
s c r ip t io n s a n d a d v e r tis e m e n ts , a n d s u p p ly B ln gle c o p ie s o f th e pap er
a t Is. each .
W I L L U n B . I» Y N A C O H P A N V , P u b l i s h e r s ,
P i n e S tr e e t, C o rn er o f P e a r l S tr e e t,
P o it Of f i c e B o x 9 5 8 .
n e w y o r e .
C L E A R IN G
B.
P er Vent
-1 3 1
■41*1
—0*5
—7*6
-3 * 1
424*G
—12*5
~
—9 0
-3 7
-8 2
+10 0
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
Saturday noon, February 13, and the results for the corres
ponding week in 1896, 1895 and 1894 are also given. Con
trasted with the preceding week, there is a decrease in the
aggregate exchanges of about one hundred and eighty-four
million dollars, and at New York alone the loss is one hun
dred a-1 forty-two millions. In comparison with the week
of 189f ^he total for the whole country shows a loss of 10*3
per cen A Compared with the week of 1895 the current
returns record a gain of 3*9 per cent and the excess over
1894 is 8'9 per cent. Outside of New York the decline from
1896 is 1*3 per cent. The increase over 1895 reaches 7*7 per
cent, and making comp unson with 1894 the gain is seen to
he 11*2 per cent.
Clearings at—
N ew Y o t a ... . . . . .
P h ila d e lp h ia ...
P itts b u r g ........... .
B a lt i m o r e ............
B u f fa lo ...................
W a s h in g t o n ....,
R o c h e s t e r ........... .
S y r a c u s e ...............
S c r a n t o n .........
Wilmington.......
B i n g h a m t o n -----T o t a l M i d d le ..
B o s t o n .................
P r o v i d e n c e -----H a r t f o r d ...........
N ew H a v e n .,..
8 p r i n g f l e ld ........
W o r c e s t e r ..........
P o r t l a n d ............
F a ll R i v e r ........
L o w e l l ................
N ew B e d fo r d T o t a l N e w K n g ..
C h lca g o .............
C in cin n a ti........
D e t r o it ..............
C le v e la n d .........
M i lw a u k e e .......
C o lu m b u s ........
In d ian ap olis ..
P e o r ia ...............
Toledo..............
G rand R a p id s ....... ‘
D a y to n ...............
L e x in g t o n ........
K a la m a z o o ....
A k r o n .................
Bay C ity ...........
R o c k fo r d ...........
Springfield, O h io..
C a n to n .........
T o t M id . W e s t ’ r
1897.
1896
:
1897.
P . Cent m
*
400,825.00
55,154 315
13,688 1 3'
13.lB9.09r
3 .3 2 2.7 3
1,795.171
1,24 ».70782.51'
757,631
070.3’aS
201,601
551,627, 3 l£
*
5 55 .73 0,3 3'
58.570.80
13,072,611
13,416,00*
3,633.5-1
1,844.79
1 ,S 0 7 .8 £
800.301
742.75!
688 > 2 .
298.7(K
650.77d.66e
102.20L71S
4 ,7 6 2 ,8 0
2,355,651
1.478.131,148 70c
1,252 33
1.102,97830.80?:
6l4.95d
410.537
84.839.90t
5,097.50
2,381.20)
1 490 44:
1,274 00!
1 .3 1 8 ,»»
1.1IV.71E
M97.746
0 21 .2L
441,81C
110.224,347
99,477.589
63.818.330
11,340.05*
5,10 U 43
4.941.777
4 70 i.< 65
3 ,0 0 0 00*
3.80] 08
1,387 79]
1,330,224
0*7.742
670.474
2 *8 ,8 °!
10* 180
240.0IX
200,134
300.001
150.00'
130.542
73,415,518
10,824 25(
5,713,6.17
5.601.181
5,8,!4,»ue
2,9. 8.H0U
1.831.191
1.028,9c*;
1.114,003
713 70
5"3.S7o
200.032
213.771
235,991
295.001
2 3+ 4*0
175.001,
165.744
111.818,323
— 13 1
+4 8
— 10 7
— 13-1
—18-2
+1*1
— 1-2
—14 8
+19*9
—9*2
—2 3
+ 3 ‘2
—20 3
+17
—32 2
-1 7 0
— 14 3
— 16 2
100.074,719
11.358,000
1.2' 1,1(1
905.54 7
1,014.«25
412 240
322,250
844,821!
493.870
1 2 0 .0 ,0
50.UGO
—17
—5 ‘1
-o r
-i* i
-8 '
-2
-9 -1
* -2 i
+2 *
— 1-5
— 12 4
—15
+ 20*f
-« *
— 1\
-o >
-1 0 *
—4 (
+3
-0 1
—1
-7 1
+ m
1395
A- ♦
4o7.302.32(
67.972.94S
10,922,735:
10,801.48!
3 21 !,20S
1 6 0 0 .1 8
1.726,21
750,* li
613 25!
048.32J
278,70(
545,900,77f
70,787 15
4 7*8,001
1,879 505
1.148 001.2.12,04!
1,055,091
1.122,14*
093.23*
570,0*
37 .>,12
1894.
t
430,737.140
52,009,030
11.221,340
12,2 13 + 8 1
3,474,907
1,481.388
1,208.958
750,481
620,415
799,172
279,700
514,827.014
89.630,724
09,471,023
3,983.400
1.529,458
1,233.636
1,023,747
1,070,30*
1,020,209
760,418
621.333
011,83®
81,818.480
72 333 8 0 !
11,329.561
3.04!* 73
4.677.548
6 ,337,2<J(
2,015 200
993.49(
1.904,077
72,278,846
12.471,850
4.820.000
3,887,356
1,211,664
2.728,000
978 118
1,415.088
820,183
672,702
—W O
457,33:
191.9K
178,634
2*2,002
20 J 834
153 00(
132,732
107,700.170
320.101
230,430
101,019
2 :8 695
180,421
142.42L
114,008
104.851.408
-2 0 0
+3 1
— 18 0
—24 1
-3 3 1
—27*4
—33 2
+44*6
—5'8
—o8 ’ 8
— 18-7
13.877.R60
1.178.547
1,058.788
1,285.050
554 044
532,355
511,530
374,022
69,035
59.909
19.532,352
13,831,468
1,050,193
822,779
905,001
703,260
737,031
047,020
250.318
120,901
130,143
19,324,774
8,475,594
4.005.992
3,76 4.:-09
3.941,828
2,594.591
8 578,944
4,808,595
4.177,048
3.119 331
2,055,831
1,230 807
830,854
489,013
345.001
553.501
446,397
50,088
65,000
20,849,633
1,456.295
749.530
517.710
415.762
£12.820
454 530
71 581
88,000
27,597.988
20.112,445
0,637,009
6.4 *2 026
2,020,058
2.271,094
2.119.755
2,201,003
1,743,363
9 « 1,752
1,455,673
705.804
737,705
850.010
1,125.000
411.114
258.868
20.541,648
10,065,040
0.584 484
2 329.532
2,578.805
1.470,799
2.107.234
1.310.439
1,308,999
1,086,539
808,034
855,824
070,000
850,000
S an F r a n c is c o ..
8 a lt L a k e C i t y ..
P o r t l a n d ..............
Ixos A n g e l e s . . . .
H e l e n a ..................
T a c o m a ...............
S e a t t l e .................
S p o k a n e ...............
F a r g o .....................
S io u x F a l ls ........ .
T o t a l P a c lfl o .,
10,252,021
11.202,1.45
1.101 20*
1.112,-30
1,37 6.898
010.137
444,05*
510.382
841,44 i
127,303
81.746
19,981.100
K an sas City.......
M in n e a p o lis...........
O m aha......................
8 t. P a u l...................
D e n v e r ....................
D a v e n p o rt..............
St. J o se p h ............
Des M o in e s ............
S io u x C it y ..............
L in c o ln ....................
W ic h it a ...................
T o p e k a ......................
F r e m o n t...................
H a s tin g s .................
T o t . o t h e r W est,
l n,2"2.0S)1
4 473.779
4.191 285
2,455.385
3.131.000
517.337
1,275.000
840.093
451.701
248.071
882,479
290.000
59.025
80.000
23 000.859
9.490,403
6 9HQ.428
4,059,201
4.125.107
2,601.390
1.361.724
1 ,3 ) 6.000
903.900
457,715
287,595
490.138
277.901
59,510
64.411
31,124,030
+ 7 -6
—24*0
+3 3
—40*6
+25*2
-0 1 * 7
- 5 ’9
— 12 2
—1*3
-1 3 7
-2 2 * 2
+ 4*3
— 0*8
-f 24*1
—9*0
St. L o u is ..................
N ew O rleans...........
L o u is v ille ................
G a lv e s to n ...............
H o u s t o n ..................
S a v a n n a h ................
R ic h m o n d ...............
M em ph is.................
A tla n ta ....................
D allas.......................
N a s h v ille ................
N o rfo lk ....................
W a c o ........................
F ort W o r th ............
A u g u sta ...................
B irm in gham ...........
K n o x v ille ................
L it t le R o c k ............
J a c k s o n v ille ..........
C h atta n ooga...........
T o t a l S o u th e rn .
20.219.270
9.095.750
0.41^.997
2,207,500
2,620,301
2,024.370
2 .209 OH
1.819.817
1.488 467
1 ,2 0 0.0 )0
945,700
87ft 400
022. LSI
6-40.8:8
8 85,721 1
388.876
375.888
300.381
250,00*
262,609
60.C67.67P
22,730.208
9.820,715
0,02*.779
2,205,487
2,922.737
2.098.8* 0
2.209.039
2 .4 0 8 .2 -3
1,471.423
1.377.472
1,049,013
1,040,001
851.314
745.200
015.709
458.663
4(59,262
257.232
302 480
251.110
60.S91.2S5
+15*3
— 7*4
—3*1
+ 0 -1
— 13*0
— 25*0
—0 03
-2 4 * 4
+ 12
—1 2 9
-9 * 9
—10*n
-2 0 ^ |
-7 8
+43*9
-1 .V 2
—2 0 0
+ 1 6 1
-1 7 * 3
+3*4
+0 5
T o t a l a l l . . . . ..........
873,052 ft40
974.141.000
—10 3
840.621.870
801.977,130
O u ts id e N . Y o rk .
~412.827.934
418,111.263
— L*8
883.319,550
371,239,990
3 .800 000
0,146.083
1,030,103
1.024,780
659,005
9,4 79.000
0,232.312
1.150,767
9-J2.579
038,088
—7*2
—1*4
— 10 l>
+ 4*3
— 16 0
8.818,405
4.6 3 7.4 '9
978.750
H42 410
071,202
8.914.945
4,088 050
903,146
080 520
679,894
17.^00,577
■ N o t I n c lu d e d In t o t a l s .
] 8 502.7001
-5 1
15,748 300
M o n t r e a l . . ..............
T o r o n t o .................
H a lit.........................
W in n ie s ............. .
H a m i l t o n . . ...............
S t. J o h n * .....................
Tota* Canadft.
275,703
390.227
190.756
50,912,196
385,282
477.105
210,688
53.537,411
16.7en.64 v
THE CHRONICLE.
348
r a n
F IN A N C IA L
S IT U A T IO N .
There are some slight in dication s of a turn for the
better in c o s m s t c i t l affairs. T h e two incidents we
m entioned in this colum n last week (the large purchase
o f print cloths and the break in the steel rail p ool), and
w h ich we then stated would hare a tendency to hasten
the revival o f business, have been the origin o f this
new m ovem ent. Perhaps the favorable influence these
two events have haul hits been increased by the promise
the approach o f spring holds o u t— a season when o u t
door work is so largely resumed by railroads, agricultur
alists and others— the m ilder weather recently enjoyed
being p roof o f its nearness. A t the same time it is
n ot to be forgotten that a term of activity, if now in
prospect, has only been made possible through the ex
istence o f those earlier agencies affecting our p olitical,
financial and industrial interests that had their in c e p
tion in the results, of the ele ctio n ; and hence that no
im provem ent can be perm anent or of any great length
unless we reform onr currency and make enduring
the stronger financial situation the Governm ent and
country are now in.
T h e dry goods trade, which in some measure is an
index to the prevailing con d ition , has presented a
more animated appearance. T o be sure, com plaints
are heard that the bu yin g is even now not at all
free but o f a conservative, hand-to-m outh character.
T h a t feature is natural after
such experiences
as we have passed through. T h ere cou ld be no
sadden d e v e lo p m e n t; the grow th this year m ust
start way dow n, as it were at the r o o t ; we must
have evidences o f life at its earliest stage before we
can have the blossom or the fu ll fruitage. A healthy,
natural expansion cou ld not progress in any but a c o n
servative form . So far as that may be the case n ow ,
it can not in the least con flict with or detract from t h e
force of the assertion that it is a h igh ly encouraging
con d ition to find with the first hint o f spring buyers
have appeared in larger num bers and that orders by
mail are com ing in a trifle more freely.
In the case o f the steel rail trade there can be no
d ou bt of com in g great activity. Last year’s steel rail
prod u ction was, as we stated a week ago, only 1,100,000
tons. Some claim that orders from railroads are al
ready booked to that am ount. Besides that, it appears
that im portant export orders have been filled. I f
these statements correctly represent the extent of
the business done, then it is probably true that
higher prices fo r steel than the lowest, fixed a week
ago, are now , or will be in the near future, asked. H o w
ever that may be, it is a fa ct that railroads in all parts
o f the country have contracted for large deliveries o f
rails, and the prom ise is that considerably more track
will be laid the com ing summer than was laid in
1896. T h e result thus far on labor has been that
many more m en have been pu t to work m aking
r a ils ;
the
ultim ate result
will
he
that th e
railroads will find em ploym ent the ensuing sea
son fo r a m uch larger force on repairs o f track
m d new work than a year ago.
A ctivity, too, is i n
fectious, One departm ent o f trade cannot be filled
w ith work and the others remain com paratively idle.
T he " Iron A ge’ s ” m onthly record o f pig iron p r o
du ction possesses particular interest this tim e in view of
these developm ents in the steel-rail branch of th e busi
ness. T h e placing o f such extensive orders for rails
ba? had a decidedly stim ulating effect in all branches
o f the iron s td a te e l trades, so that the disruption of
[V o i» L X IV .
the p ool, it is lik ely, w ill mark the tu rn in g p o in t in th e
con d ition o f these trades. T h ere has been a noticeable
increase in the dem and fo r m any form s o f iron and
steel, and prices are m ore firm ly held where they are
not actually higher. T h e purchasers o f rails on foreign
accou nt aro a w holly new feature o f the situ ation T h e " A g e ” estimates these purchases at 100,000
tons, and states that the am ount includes 25,000 tons
each fo r the a ccou n t of the L on d on & N orthw estern
Railway and the L o n d o n & Southwestern, besides an
order o f 11,000 ton s fo r Japan. I t adds sign ifican tly
that "th e s e sales will con vulse the E n glish iron trade
and furnish p ro o f that h en ceforth our steel m an u fac
turers mush be reckon ed as an im portant fa ctor in the
w orld’ s m arkets.”
It is o f course obvious that under th e large p rod u c
tion o f rails there will be a very heavy dem and for the
raw material needed in their m an u factu re— ore, coal,
lim eston e, S c .,— and this furnishes a d ecid ed ly en
cou ragin g feature in the situation. B efore the recen t
events the ou tlook did not appear very ch eerin g.
T hu s the ‘ ‘A g e ’ s” record o f the fu rn aces in blast,
w h ich o f course com es down on ly to the 1st o f
February, shows no addition at all as com pared with
January 1 in the num ber o f active furnaces (a
few resum ptions h avin g o ccu rred , but offset by
an equal num ber o f stoppages), while th e weekly
p rod u ct increased on ly a little over 8,000 tons.
The
ou tpu t is now 162,959 tons per week.
Of
course, as com pared with the total of 112,782 last
O ctober, this marks a substantial recovery, hut i f we g o
fu rth er hack we find that th e p ro d u ctio n F ebruary 1
1896 was 198,599 tons per week, while on N ovem ber 1
1895 it was 217,306 tons. T h ere has also latterly been
an accum ulation o f stocks again, the figures o f the
" A ge ” show ing a total o f 988,907 tons F ebruary 1 ,
against 910,648 tons January 1 and S70,662 tons,
D ecem ber 1.
On th e w hole it will be seen these
figures present few features o f encouragem ent. It is
fortunate, th erefore, that the developm ents iu the rail
trade have changed th e whole aspect o f things.
W e have this week the rem inder o f another very
favorable feature in th e general situation— one th a t
has been grow ing in im portan ce m onth by m onth and
has con tribu ted so largely to lift the cou ntry fo r the
tim e b ein g ou t o f the hole our currency defects p u t us
in. T h e fo re ig n trade statem ent fo r January has been
issued by the Bureau o f Statistics and it shows another
phenom enal merchandise balance. W e give the figures
low er down in this article, prepared in our usual form
w ith com parisons ru nn ing hack to 1875. It will beseen on exam ination that the January result is the
best ever recorded in that m onth and th at it b rin gs u p
the excess o f merchandise exports for the seven m onthe.
en din g with F ebruary 1 to the largest figure fo r this
period in the cou n try ’ s history. T h e m erchandise ex
ports in January were $94,984,000, the im ports were
$51,327,000 and the differen ce to our cred it $43, 657,000. T h is balance com pares w ith on ly $18,322,000
last January and $13,682,064 in January 1895. F or
the seven m onths since J u ly 1 1896 the total excess on
the side o f m erchandise exports is now $292,964,000,.
against only $46,248,000 fo r the same seven m onths o f
the previous year.
I f we include the whole trade
(that is, m erchandise, g old and silver) fo r the sevenm onths, the accou nt betw een the U nited St 0„es and
the outside world (so far as the official trade figures
reflect the situation) shows a rem ainder in fa v or o f
this cou ntry on F ebruary 1 1897 o f $247,490,000..
F e b r u a b y 20, 1897.]
THE CHRONICLE.
349
Such a state of the accounts has never existed before. reviewing the preliminary report, namely $1,300,000,
It means, beyond a doubt, a large suspended balance this being the amount of the loans payable
shown as outstanding. When we look on the other
represented for the time being by credit instruments.
Why, it may be asked, if it be true that the indus side of the account, the reason for this debt
trial outlook is so full of promise and such a phenom becomes plain. All the coal companies, as we
enal trade balance stands guard over the Treasury gold have already pointed out several times in these columns,
reserve—why is it that the stock market is so lifeless ? hold increased amounts of coal, the depression in
There is no mystery connected with that affair. The trade having so largely diminished the demand for
conditions surrounding railroad properties are such the article. The company had $1,539,365 of coal on
that the only question one hears asked respecting them hand December 31 1896, against $951,658 on Decem
on Wall Street now-a days is whether this company or ber 31 1895, being an augmentation of nearly six
that is not going to lower its old rate of distribution? hundred thousand dollars in the money tied up
Besides, lots of companies have already done that, in this way, Then the amount advanced to
and with regard to them the inquiry is now the leased lines on construction account was
whether or no they will not reduce the rate fur increased during the twelve months from $804,582
ther or perhaps go into liquidation. No suggestion of to $1,379, 792. The increase in this case represents, we
the raising of dividends is heard anywhere. While suppose, mainly the outlays on the Albany & Susque
this is the position of railroad property, and while hanna in the laying of double track. Then, also, as
returns of earnings continue unfavorable (losses stated in our previous article, the fact that the div
still predominating with only an occasional slight idends paid in 1896 amounted to 7 per cent, while
increase), what else could one expect ? But it may be earnings in that year (on which the current year’s
said in reply if the promised industrial revival is real dividends will be based) were only 5 per cent, made a
ized will not all this change? That thought brings up a draft on cash resources to the extent of about
feature which at the moment i3 the worst in the whole $700,000. We notice that accumulated surplus was
outlook, involving in large measure the future prosper diminished during the twelve months from $7,094,893
ity not only of our railroads but of all our industries; to $6,000,870. The company held in actual cash at the
for we can never have a full industrial revival that is end of the year $1,225,593, an amount not far short of
not shared in and helped by our railroads. We refer the $1,300,000 of floating debt. On account of the
to the adverse legislation with which the roads are re-payment of the advances made to the New York &
threatened.
Canada, the investment in that company has been re
If we assume that the attitude of the States and duced from $4,752,330 to $3, 760,741.
the proposals of their Legislatures as they appear
We have deferred till next week our review of the
to-day are to be put into the form of statutes, gross and net earnings of United States railroads for
instead of an improved condition these properties the late calendar year, in order to make the showing
would be left in a desperate state. We all know the more complete. For use in that compilation we have
burdens they are now laboring under, and what we obtained a statement of the earnings of the Baltimore
have said above is further suggestive of them; and & Ohio for December. The result is about the same
yet there are many of these law-making bodies as for the months immediately preceding, there being
which seem to be intent on doing their utmost to an increase in gross of $116, 764, reflecting the steady
draw a larger tax, or to force a lower rate expansion in the business of the road, and an augmen
for traffic, or to require some other sacrifice from tation of $183,873 in expenses occasioned by continued
this suffering industry. Not unlikely the most heavy outlays on track and equipment. For Jan
of these efforts will be frustrated; possibly the uary gross is estimated at $1, 955,645, against
legislatures themselves will be brought to see the $1,817,932 in the same month last year. The
impolicy of harming further such a powerful agent Pittsburg Cincinnati Chicago & St. Louis for
in helping to cure our industrial depression. But at January reports $197,619 decrease in gross, $4,748 de
the moment the outlook in the particulars referred to crease in net; the Nashville Chattanooga & St. Louis
is not of such a character as to inspire confidence. $50,548 decrease in gross, $36,385 decrease in net; and
What have we here in this city in full operation but a the West Virginia Central & Pittsburg $12,752 de
legislative committee appointed by the Legislature of crease in gross, $70 increase in net. We have also
the great commercial State of New York trying to procured a special statement of the Atlantic & Pacific
hoodwink labor by intimidating capital. Its panacea for December, showing $3,162 decrease in gross and
for the distress which is weighing down business $10,586 increase in net. The following furnishes a
interests and labor alike is to destroy the pros four-year comparison for a few roads that have this
perity of the few representatives of organized capital week submitted statements for either December or
that at the moment happen to be prospering. January.
<-------- — — J a n u a ry E arn ing*. --------------------*
Ex-Mayor Hewitt expresses the apparent object of this
1897.
1896.
1895.
1894.
of R oad *
*
$
f
committee accurately by stating that it is “ trying to N ash. Chat. & St. L o u is ...
418,051
.G r o s s
403.599
382,804
411,775
Net
138.052
174.437
151,21 L
163,725
find out who is making money in business and then to
Pitts. Cln. Chic, k St. I , . . . .
1,039.151
1,230,770
1,107,807
1,103,617
290,810
Net
801,664
258,070
prevent it if possible.” Here is consequently the same
199.084:
f a n Fran. A N o. P a c............
45.040
40.301
89.061
44,001
spirit at work that animates those who are pursuing
N et
0.112
890 d e f. 2.917
1,354
1 o le d o P eoria & W e s te rn .. .G ross
71,093
88.495
79,072
72,485
railroads. That form of aggregated capital has ap
Net
14,935
24.090
10,826
11,572
ross
84.710
97.462
70,121
71,799
parently too little in it just now; so this mill has been W e st Va. C ent. A Pitts .. .GNet
31,544
31.474
24,071
25,400
T"\_. ..... n
.
set up with another purpose, the organizers naturally
1890.
1895.
1894.
1893.
expecting a better yield by grinding the prosperous.
Vame o f R oad—
*
*
$
*
B altim ore A O h io .................
2,177,804
2,061.040
1,874,870
1,803,046
The pamphlet report of the Delaware & Hudson,
Net
617.491
550.385
571,824
572,798
120.227
129,624
120,643
containing the balance sheet, has been issued this C h icago A W e s t M ich ig a n ..GNroetss 124,022
25.D a *
21.309
21,057
41.881
D etroit Lans. A N orthern.. , Gross
100,398
90,601
'86,747
91,320
week. It discloses, however, nothing specially new.
N et
20,210
11,009
13,570
0361
310,720
270,23
300,190
The floating debt is just as stated by us in our article Lake Erie A W e s t e r n .......... N et 287,020
135,087
149,365
124,82 r
151,221
i§&«§i
UMOi
imi.
$
m rm
&*■Jt
.
i Htt*
tm
OS
.tier*
A*1-*
turn
m*m
mmm
tiojm
£37,3 &T
•
m jm
1*#5.
1
n\m
*8,076
60,134
I3.7H
ftBOpn
t\,U4
i*f.
ItjWi
l,:u t week*# bank re torn reported a farther gain of
15A I L T P O ST E D R A T E S F O R F O R E IG N E X C H A K G B .
Thor,. Mon.. Totes.. WED.. THOTt., FRL,
Fe5.ll. Feb. 15. Feb. 16. Feb.17, Feb. 18. Feb. 10,
85V*
m i
Uro.ro
87H-S 8 *
88
it *
r
m
80
86
Baring,
i 00 days.
88
88
Magoun & Co.. 1Sight.... U
g
%
sa
Rank British
j 60 days.
No. America., f Sight—
i?S
ifn
IBS
m
sk
t a
Bank of
$COdays.
mu
Montreai...... iSight....
8V»
it s
SB
&
Canadian Bank 160 days,
85V*
of Commerce,. \Sight.... !?M
So
88
!§*
s*
£8
8S«
Heldelbach, Icfc- i 60 days
gt&
!*
IS
es
eiheimer & Co. i Sight.... i?a
88
!!*
86
86
86
86
Laard Freres... j
88
88
88
£8
m
m
85X
Merchants’ Bk. J60 days.
of Canada...,., t Sight.... m
m
_t?a
_ I i_
T n e m arket closed steady on F riday at 4 8 5 4 @ 4 86
for sixty day and 4 874@4- 88 for sight. Rates fo r aotual business were 4 8 5 @ 4 854 for lon g, 4 8 7 @ 4 874
fo r short and 4 8 7 4 @ 4 874 fo r cable transfers. P rim e
com m ercial bills were 4 844 @ 4 84$ and docu m en tary
4 8 3 $ @ 4 844*
T he Burrau o f Statistics at W a sh in g
ton has this week issued th e statem ent o f the c o u n
try’s fo re ig n trade fo r Jan uary, and we give the
figures below in our usual form .
F o r e ig n T r a d e M o v e m e n t o f t h e U n it e d s t a t e s .
In the following tables thro® ciphers (OOO) are In all oases omitted.
------ -------- 189 6 -7 .—-----*----- —
Exports.
Imports.
Excess.
Merch’ dise, 1
July-Sent... 22 1.450 152*34 4-09,016
uct -Dec— 339.781 1.39.4 00 41 "0.291
37,958
31,415
10,567
34,839
w|t>
4 Excess of export »•
------- — 1 8 9 5 -6 .-------
Exports. Imports. Excess.
*
171,062 ‘209,443 -38.381
266.93:+ 200,026
86,970
68.645 t f i a i
324,935 47&717 446,248
13
1® SSa
1st
<4 \
51.827 413.667
91.081
Total..... e.56,2i5 363.251 +292.96*
G o ld 39.721 -27.087
13,638
Jaiy-sept...
3 7,“71 —36,700
Oct.-Bee....
l.m
872
557
-1*5
January.,..
Total....,
78.151 -63.972
H llver,
*4.510 414,008
July-sept...
4.050 41*2.539
Oct.-Dee....
b?7 ■+•3,121
January....
7,137 + ‘40,888
Total.....
37.100
IJold in Ore.
582
July-Sent...
68
—524
6 tO
—fill
Oct.-Dee....
70
20U
-158
January...,
1,401 -1,177
Total......
s il ver in Ore,
4,332 —1,164
July Sent..
228
128
Oet
.
4.5 U
167
1,875
January....
Total.,.,..
m
10,9)1 -9,988
.January.....
T7
T h e foreign exchange market was strong on M onday,
influenced by dearer discounts in L on d on and by the
flurry in the European markets caused by the T u rk oG recian in ciden t, but when the excitem ent regarding
this affair subsided the market became dull and steady,
grow ing firm again on T nu ralay, Bankers report that
there are m oderately l y g e offerings o f nm-olT bills
deliverable within the next ten days or two weeks, but
from present h <)(rations these bills will probably be
exchanged fo r lon g sterling. A3 discounts in L o n
don are likely to remain firm at about current
rates
in
tho
near
future, while
investm ent
bills can be carried here at about 1| per cen t, there
will be a Binall profit in the exchange o f ru n -off bills
for loDg sterlin g, thus increasing the dem and fo r the
latter and aiding in the m aintenance o f com paratively
high figures for short. T h e offerings o f spot or near
com m ercial bills are so small that they make no im
pression upon th e market. It is reported that there
has this week been some dem and fo r short sterlin g
and for cable transfers for m ercantile rem ittance.
T h e range for posted rates on M onday was i 85£ to
4 86 for sixty day and 4 874 to 4 88 fo r sight. B row n
Bros, and H eid elb a cb , Ick elh eim er & Oo. advancing
the latter h a lf a cent and L iz a r d Ereres m oving b oth
lon g and short upward h a lf a cent.
T h e tone was
strong, especially for short sterling and cable transfers,
at an advance o f one-quarter o f a cent in rates f o r
actual business com pared w ith the close on T hu rsday
of last w«’ ek, to 4 8 7 @ 4 874 fo r the form er and 4 8 7 4 @
4 374 for the latter, and during the day there was a
g ood dem and, but this subsided by the close.
T h ere
was no ch ange in the range fo r posted rates thereafter
and no alteration in those fo r actual business until
T hu rsday, the m arket rem aining du ll and steady; but
then it grew firmer, especially fo r lo n g sterling, rates
fo r actual business in w hich were advanced one h a lf a
cent, to 4 8 5 @ 4 85| , while those fo r short sterling and
cable transfers were u nch an ged. Y esterday the m ar
ket was steady, w ith no change in either actual or
posted rates.
|l> r*f*
**,$ 5 4 ,1 0 0 in loan?, m aking #11,808,000 since January
80. T he greater part o f this increase is shown by
three banks. One o f these has doubtless been rnakiug
loans to jm rtk* handling raw sugar, while the others
b a te been largely re-discounting for banks in the ex
trem e N orth w est Som e m oney has been loaned to
Eastern houses, and it is th ou ght probable that a part
o f the funds required for the recent print cloth purchase ©am*.' from New Y ork . T h e sum o f #3,300,000
gold was deposited in the C lea rin g House vaults this
W 'fk , n i.r,.; j *18,300.000 now held there. T he net
g o ld in the T reasury, which was last Thursday
officially reported at #145,905,073, was yesterday re
ported at #147,281,113.
M oney on call, representing bankers’ balances, has
this week loaned at I t and at 2 per cent, and generally
at ] per cent, with quite small am ounts at the h ig h
est figures, the average being about 1| per cent.
B anks maintain 2 p e r c e n t as the m inim um , while
those of the trust com panies who are loaning meet the
market at the Stock E xchange. T here is a better d e
mand for lon g tim e contracts and rates are firmer.
Q uotations are 2 per cent for thirty days, 24- per cent
fo r si sty to ninety days, 3 per cent for fou r to six and
31 per cent for seven m onths, on good Stock E xchange
collateral. T h ere is a good business in com m ercial
paper, with no pressure of names, and the market is
not broad, many of the banks h a v in g fu ll lines and being
disposed to wait for better rates. Quotations are 3 per
cent
- torsed b ills receivable,
34 @ 4 per cent for first-class and 4 @ 5 p e r c e n t for good
fou r to six m onths sirg le names, lie-discou n ting for
banks in the extreme Northwest is fairly liberal.
It is reported that the position of the Indian money
market is somewhat embarrassing, reserves o f the banks
boing low, and that the English Governm ent may have
to render more or less assistance during the remainder
o f the season. T h e European security ma-kets have
been more or less influenced all the week by the p o lit
ical tension resulting from the T urco-G recia n incident
and the discount markets have been kept firm. The
Bank o f England m inim um rate o f discou n t remains
unchanged a t 3 per cent. T he cable reports discou n ts
o f sixty to n ice ty day bank bills in L ond on at I f
I * r cen t. T h e open market rate at Paris is 1 \ and at
Berlin and F rankfort it is 2J p e rce n t. A ccord in g to
our special cable from London the Bank of England
gained jL'77:>,603 bullion during tho week, and held
£38,483,390 at the cIobo o f the week. Our correspon
den t further advises us that the gain was due to the
receipt o f 1624,000 net from th e interior o f Great
Britain and to the im port o f £156,000, o f which £102,00" wa-i from Australia, £46,000 from E gyp t and £8,000
from Portugal.
[V o i,, L X 1 V ,
7
§
E&rmims,™
mm,
4
C H R O N IC L E .
«S s
m
THE
350
—'Hlxcess of import
8
67
5
m
64
278
85
*27
>2.8*5 43^,103
3.8!»i 427,710
10,388
4199
16,022 +63,018
3,007 +11,100
3,307 + 11,862
1,057, 43,846
S.03I +26,808
S3
179
1,206
3.050
3.959
1,434
8,UH
—407
-515
-174
-1,158
—2,93 0
-3,081
-1,349
-8.01,
THE
F fbkuary 20, 1807.J
c h k o n ic l e .
351
We think that Mr. Gage has touched on a very
We subjoin the totals for merchandise, gold and
potent
factor in the existing situation. H s viewa of
silver for the seven months since July 1 for sis years.
the case are neither far-fetched nor fantastic ; on the
8ILV BR .
GOLD.
M e r c h a n d is e .
contrary, we believe that any reader of these columns
Seven
Excess
E xcess
E xcess
E x
Im
Im
E x
will be able to call to mind conclusive instances in
Mos.
of E x
of
Exports. Import*.
of
ports. ports.
port*. port*.
ports
E xports
E xports
point. The nation is, in fact, witnessing, in many
t
$
$
(
1
t
1
•
*
quarters,
the development of a very morbid mental
9 6 9 7 t i l 6.215 3 6 4.251 •292964 1 4.403 7 9 .552 *65.149 3 7,913 18.328 1 9.875
9 3 - 9 65 2 4 9' 5 4 7 S ." 1 ‘ 4 6 .0 4 8 79.990 18.128 6 1,802 35.266 16.174 I S . 792 process, which consists in brooding over wrongs which
9495
3 0 1 .9 0 4 4 0 7 .9 1 8 9 3.985 57.124 1 0.868 4 6.256 27,117 11.458 1 5 .6 5 9
the individual cannot define, for which he can point
9 3 - 9 4 5 7 3 .5 6 3 6 7 .3 1 8 2 0 6 2 1 9 7,349 6 1.940 *54.591 3 1.05? 13.815 18.036
9 2 - 9 3 5 4 6 ,9 4 1 4 S 4 .3 7 1 4 2,570 4 7.547 1 0,280 3 7 .2 0 ? 2 5.512 15.566 9,046 out no intelligible cause, and for which he makes no
9 1 -9 -4 6 5 1,204 4 5 8 .3 P 5 1 9 2 * 6 9 8.872 4 2 .2 1 6 *33,341 2 0 .3 7 2 12,905 7.407
effort to assign a rational remedy. Mr. Gage pro
• E x ce s s o f im p orts.
ceeded
to illustrate his meaning by a personal instance
The following shows the merchandise balance for
which
other people, from their own experience, will
each year back to 1875 .
readily believe to have been faithful to the facts: “a
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
I 1 m on th e n d in g J a n ■, 3 1 —
7 m o n th s e n d in g Jan. 3 1 —
highly respected friend of mine,” he continued,
1 8 7 5 .............E x p o r ts.$ 1 4 .6 3 1 .2 8 4 1 8 7 5 ..................E x p o rts. ..*12,398,797
1 8 7 6 ............ E x p o r ts. 3 9 ,2 3 8 ,2 8 6 I 1 8 7 6 ................. E x p o rts, . 9 ,6 5 8 ,5 8 8 “ a lawyer of ability, in a recent letter writes after this
lr -7 7 ................. E x p o rts. 2 6 ,8 1 4 .6 6 7
1 8 7 7 ........... E x p o r ts.1 4 0 .0 7 0 ,3 4 8
..... E x p o rts. 3 3 ,5 3 9 ,8 2 9 fashion: ‘ You ’, he says, ‘ have not been a worshipper
1 8 7 8 .............E x p o r ts 1 3 5 ,4 9 9 ,5 2 8 1 8 7 8
..... E x p o rts. 2 5 ,8 9 3 ,5 5 4
1 8 7 9 ..............E x p o r ts.1 7 5 ,5 1 8 ,6 0 9 1 8 7 9
.....
E x p o r ts. 1 1 ,7 8 8 ,6 8 5 of the golden calf----- And then, as if the last two
1
8
8
0
1 8 8 0 ..............E x p o r ts .1 4 8 ,3 0 9 ,1 0 3
..... E x p o r ts. 2 8 ,7 9 4 .1 0 4
1 8 8 1 ............. E x p o r ts .1 9 0 ,5 0 6 ,8 5 6 1 8 8 1
w
ords
exciied
disturbed
emotions, breaks out thus:
1
8
8
2
.....
E
x
p
o
r
ts.
7
,9
6
4
,8
2
7
1 8 8 2 ............. E x p o r ts. 7 3 .3 0 4 ,5 4 0
..... E x p o r ts. 2 ’ ,4 0 9 ,0 5 5
1 8 8 3 ............. E x p o r ts. 7 7 ,9 8 4 ,5 2 4 1 8 8 3
‘
This
is
an
utterly
venal
age.
Love of money has sup
1
8
8
4
.....
E
x
p
o
rts.
1
9
.6
7
8
,9
9
0
1 8 8 4 ..............E x p o r ts 8 1 ,7 3 9 ,0 7 1
..... E x p o rts. 3 8 .3 1 1 ,4 1 3
1 8 8 5 ............... E x p o r ts .1 4 7 ,6 6 0 ,1 4 6 1 8 8 5
planted
that
which
is
humane
and
noble. The money
1
3
8
6
.................
E
x
p
o
rts.
1
0
.5
7
3
.3
1
5
1 8 8 6 ............E x p o r ts. 5 5 .6 4 0 ,7 4 7
..... E x p o r ts. 1 9 .5 8 3 ,1 8 6
1 8 8 7 ............ E x p o rts. 7 0 ,5 3 6 ,7 5 6 1 8 8 7
power
has
the
people
by
the
throat.
The people feel it
..... E x p o r ts. 4 ,5 3 7 ,5 0 6
1 8 8 8 ............ E x p o rts. 3 8 1 1 0 ,1 9 9 1 8 8 8
..... E x p o r ts. 5 ,1 3 0 ,1 1 4
1 8 8 9 ............ E x p o r ts. 3 3 ,0 5 5 .0 9 3 1 8 8 9
and
are
writhing
under
its
corrupt
and
corrupting in
1 8 9 0 ............ E x p o rts. 9 9 ,2 2 8 ,3 1 4 1 8 9 0 ................ E xports. 1 1 ,9 8 8 .7 0 6
......E x p o r ts. 2 0 ,3 2 9 ,3 2 8 fluences.
1 8 9 1 .............E x p o rts. 7 3 ,1 5 5 ,5 1 3 1 8 9 1
The
feeling
of
wrong
and
oppression
grows
......E x p o r ts. 3 7 ,4 1 8 ,7 8 6
1 8 9 2 ..............E x p o r ts .1 9 2 ,8 6 9 ,0 6 0 1 8 9 2
..... Im p o rts. 7 ,4 9 4 ,5 9 8 each day.
1 8 9 3 ............. E x p o r ts. 4 2 ,5 6 9 .6 9 5 1 8 9 3
There
seem
s
to
be
no
purpose
on
the
part
..... E x p o r ts . 3 3 ,9 8 7 ,5 4 9
1 8 9 4 ............. E x p o r ts .2 0 6 ,2 4 9 ,6 4 2 1 8 9 4
......E x p o r ts. 1 3 ,6 3 2 ,0 6 4 of the moneyed power to settle questions and correct
1 8 9 5 ............ E x p o rts. 9 3 ,9 8 5 ,2 9 9 1 8 9 5
..... E x p o r ts. 1 8 ,3 2 2 .4 2 8
1 8 9 6 ............. E x p o r ts. 4 6 .2 4 8 ,2 5 2 1 8 9 6
1 8 9 7 ............ .E x p o rts.2 9 2 ,9 6 4 ,2 3 1 1 8 9 7
..... E x p o r ts. 4 3 ,6 5 6 ,9 8 6 conditions by peaceable means.’ ”
The following statement gives the week’s movements
This censure is a perfectly fair sample of its kind.
of money to and from the interior by the New York It is utterly incoherent logically; indeed, it casts rea
banks.
soning aside with complete indifference. “ He indicts
society”, Mr. Gage commented, “ but files no specifica
N et In terio r
Received by | Shipped by
W eek E n din g Feb. 19,1867.
N . Y. Bank*. N . Y . Bank*. M ovem ent.
tions. He agonizes in eloquent language and demands
$ 2 ,012.000 $3,340,000 Lo«s.$1,328,000 the indefinite; but not a practical suggestion, not a line
Currency.,
2,004,000
5 11 ,000 jo a in . 1,493,000
Gold.......
or word a3 to how; and yet the duties and burdens of
Total gold and legal tenders..... $4,016,000 $3,851,000 G ain. $16 5,00 0
our social problems are on him as much as on any
Result with Sub-Treasury operations, etc.
other.” Mr. Gage is entirely right in noticing this
Out o f
In to
N et Change in
case as typical; he is equally right in ascribing
W eek Ending Feb, 19.1887.
Bank*.
Bank*.
Bank Holding*.
it to morbid mental conditions.
It is true
Banks’ interior movement,aa above $ 4 ,016,000 $ 3 ,851,000 G sin . $165. »O0
enough that fanatics of this sort have followed
11,700,000; 12,200,000 L o s s .
500 .000
Sab-Treasury operations.........
T o ta l gold and leg a l te n d e r s ........$ 1 5 ,716 ,00 0 $ 1 6 ,051 ,00 0 Loaa.
$33 5 ,0 0 0
a human impulse in choosing some single institution
or principle for the cause of all existing ills. The coin
Amount of bullion in principal European banks.
cidence
of a given public policy with unsatisfactory
Feb. 20. 1890.
Feb. 18. 1897.
B ank o f
private
trade
and profits is always sufficient reason for
Silver.
Gold.
Silver.
Total.
Gold.
Total.
examining
that
policy with care. The public statute
£
£
£
£
£
£
B o r la n d ......... 39,483.390 ................ 38,483.390 48,797,575
48,797.575 and the industrial depression may be connected as a
76,025,100 49.273,834 126,898.940 78,070,222 49,099,771 127,709.993
B ran oe..........
In either
G erm a n y . ..
30.202,300 15.131.160 45.393.450 3?.32?,600 15,922.500 48.250.000 cause and consequence, or they may not.
A u et-H u n sr’j 30,062,000 12,007.000 43.329.000 24,790,000 12.712,000 37.508,000
case,
the
man
w
ho
sets
forth
plainly
the
means
by
8,528,000 10,740,000 19,208,000
S p a in ..............
8,004,000 10.110.000 18,114.000
N eth erland s . 2,633.000 0,809,000
9,502,000
3,050 000 6,849.000
9.899.000 which his cause of evil is conceived to work out its re
3.902 0O0
4.140,00)
2,041,333 1,320,607
N a t Bel sri urn.
2,764,000 1,382,000 ___
__
sults, or who clearly and dispassionately explains what
Tot.thls week 189,957.802 90,062,984 288,020.Wm 197.880,030 9,613.638 264.300.668
Tot.prev. w’k 188.280,828 96,325,696 281,600.,544 196.310.253198.9,615,091 262,825.844 is the nature of his remedy, and how he expects
that remedy to operate, will get a hearing. But the
formidable symptom, in the outbursts of hysterical
M E. G A G E
O N T H E S O C IA L D IS C O N T E N T .
passion to which Mr. Gage refers, is the unwillingness of
Responding at the complimentary banquet of the the individual to do either. He assigns a cause, and
Commercial Club of Chicago last week, Friday, Mr. will give no reason, beyond his own assertion, for be
Lyman J. Gage referred to certain peculiar phases of lieving that it is a cause. He demands a remedy; if
existing social discontent in language so apt and he is told that all experience proves the remedy to be
forcible that we wish to call it to particular notice. worse than the disease, he turns from controversy into
Mr. Gage first pointed out the fact, well recognized by mere abuse. He is, in brief, a victim of hallucination.
the newer school of medical science, that morbid emo We leave it to our readers, in whose minds the recollec
tional activity frequently results in derangement of tion of last fall’s campaign is fresh, to say whether we
the mental functions. Violent excitement over a overstate the case.
given topic may, under this analysis, be a genuine
If proof is waited of the utter disorder in reasoning
symptom of disease, and the disease may affect not in processes which underlies the worst of this outcry
dividuals alone, but la'ge communities. “ In looking against the well-to-do sections of the community, there
over the apparently disordered condition of our social is proof enough at hand. We do not need to recall
state,” Mr. Gage continued, people may possibly find such explosions of emotional insanity as a Western
that this diagnosis will “ philosophically explain some Governor’s declaration four years ago that he would
portion of the phenomena.”
“ ride in blood to the bridles” before submitting to the
I
352
THE CHRONICLE.
fv o u
L X IV .
repeal of the tilwr-purohaae act, or the threat, pub endorses such appeals it uny begin with a Camillelicly uttered and applauded ;in Western political gather Dosmoulins, but it will end, mo3t probably, with a
ing! laat fall, that the time would come when “ bankers Danton or a Robespierre. Oar country is happily
would bohung like horse thieve*.” Last Monday an open no field for such revolt against civilization. Crude
letter wa* published in a Denver newspaper, signed by and ill-digested notions of public policy must oc
the oecapaat of an offioe which ought to be the plaoe casionally have their trial on the legislative
of moat circumspect and cautious policy. The General stage, as they seem to be having it now in Kansas.
Master Workman of the Knights of Labor begins this But they go no further than experiment, and as ex
letter by declaring that relief for the prevalent discon periment alone they bring their own penalty and cure.
tent will not oome through discussion of tariff, cur Taking the nation as whole, the vote of last November
rency, or any legislation. “Tde past”, it seems, “is told the story for itself. But it was very far from tell
one long protest against the ballot as an instrument of ing everything. Of the 6,500,000 votes cast for the
reformation.” Men must “ lay aside the mask and Bryan ticket in the fall election, we have no hesitation
look each other in the face”; the only possible relief in affirming that nine-tenths, at the lowest estimate,
“ will come, in the old way, in war.” And since, this were thus cast solely because of the Democratic label
professed representative of laboring men continues, on the ballot. Had the agitators fought the battle on
“ the only remedy is war, I prefer to have the war at the merits of their own propaganda, as they did in
home. What moral right have we to impose war, with 1876, with equal popular distress and with a better
all its cruelties, destruction and desolation, on a foreign candidate, they would in our opinion have done well
country as the means of relieving our own distresses?” had they trebled the 81,737 votes cast f >r the Green
We give space to this curious production simply back ticket and Mr. Peter Cooper.
The fact, remains, however, after all is said, that the
because it illustrates, in somewhat glaring colors doubt
less, the very mental disorder to which we have re social discontent, even in its extravagances, is a result
ferred. Tbat such a letter is the product of a sane aid of real industrial depression, and that it grows by what
balanced mind, we do not suppose any one will for a it feeds upon. A readjustment of our unsettled trade
moment contend. The declaration, like that of Mr. conditions would in a very short space check the spread
Gage’s correspondent, uniertakes neither to explain of such mental disorder. Continuance of unwholesome
the operation of the cause assigned nor the operation influences in fiaance will certainly intensify it. Unless,
of the suggested remedy. Perverted reasoning facul therefore, our statesmen and legislators wish to multi
ties have simply grasped at both, have failed to reach ply both in numbers and in violence this community of
either, and have thereupon hastened to endorse by pub agitators, they will be wise in bending everything to
lic (utterance the extraordinary conclusion that if remedy such evils as undoubtedly do exist. For such
Americans can be set at work slaughtering some thou an honest effort Mr. Gage himself appealed earnestly
sands of other Americans, and burning down the houses in the speech from which we have already quoted.
of those still left alive, the industrial problem will “ There are real mistakes,” he said, “ to be corrected.
work out a solution of happiness and content. If such We have violated natural laws, which govern in the realm
talk had even a coherent meaning, the Utopia con of economics with the same force and power as they do
ceived for Western civilization ought to besought in in the physical realm.” This is a plain aid straight
Hayti. But it is not coherent, and it has no basis even forward statement. Taken in connection with Mr.
Gage’s well known record, and falling from the lips of
jn misguided reason.
We do not call up the case of men like this in the one who in his future public station will have much to
belUf that their personal influence is formidable. It do with shaping remedies, it is a hopeful omen.
is a useful trait of American society that the speaker
Not less encouraging is the growing recognition by
who utters nonsense will bo measured, sooner or later, Eastern men of the actual ills which beset the indus
at bis proper standard. Let his appeal be never so trial communities of the West and South, and of the
incendiary, if it becomes ridiculous his fate is settled. absolute necessity of remedy for the defective cur
This very man has already passed through precisely rency system, which is the cause and origin. Such
such experience ; his violence and bombast, at the comments on the situation as those of Mr. Dodge at
time of the Chicago railway strike of 1894, were so far the Chamber of Commerce meeting on February 4,
from kindling the embers of industrial insurrection and of Congressman Fowler before the Massachusetts
that they lost him, once and forever, all influence Reform Club on Lincoln’s Birthday, point the way
with intelligent laboring men. To such degree as he to intelligent study and solution of the prob
■peaks officially to-day, he speaks for a decaying organ lem. If the West has misunderstood the wishes and
ization, wrecked by exactly such excesses among its purposes of the East, there has perhaps been misun
chiefs. Wnat the opinion and policy is among the derstanding on the other side as well. The flat
really influential labor leaders may be judged from the denial that the interior communities have any reasona
utterances of Mr. Arthur and Mr. Sargent during last ble ground for discontent has of itself served to in
fall’s campaign—men who hold positions of true and voke the counter declaration that the financial centres
large responsibility.
are profiting by the distresses of the rest of the
There is, nevertheless, sufficient danger in the mere United States. The natural product of such misunder
fact that such derangement or the reasoning processes, standings is blind revolt and mental vagaries among
tempora'y though it may be, is abroad in large com such unfortunates as surrender themselves to the in
munities of our nation. The appeil directly made to fluence of passion. If both communities can be brought
such infatuation in the Bryan camp»ign of 1896 was to face the problem and devote their united efforts to
beyond any question the most disquieting factor in meeting the genuine needsof the situation,the West and
the contest. The circumstance that the appeal was South will have an opportunity to learn that their
made by a candidate of engaging personality, pleasing interests and the interests of the East are identical.
address and humane sentiments offset in very small Of all illusions in this controversy, none has done more
degree the dangers of the situation. Where society mischief, and none is of itself more utterly absurd,..
THE CHRONICLE.
F ebruary 30, 1897.]
353
promise of relief, and the railroads, which in their
eyes embody at once the idea of monopoly and capi
p r i s e c o u l d f a i l i n t u r n t o i n f l i c t a n e q u a l i n j u r y o n t h e talistic wealth, are thought specially fit objects upon
which to levy exactions tending to lighten their
E a st.
burdens.
PR O PO SE D
R A T E
R E D U C T IO N 'S
B Y
While these facts as to the general situation of the
.W E S T E R N
L E C IS L A TUBES.
Western and Southern people are well known, few
O n e w o u ld s u p p o s e t h a t a f t e r a ll t h a t t h e r a ilr o a d s
persons appreciate or have any conception how really
h a v e e n d u r e d a n d su ffe r e d in r e c e n t y e a rs, th e y m ig h t
desperate the condition of some of these communities
i n f a i r n e s s b e a l l o w e d t o e r i j o y e x e m p t i o n f r o m a d has become.
We are at present collecting returns re
v e r s e l e g i s l a t i o n f o r t h e t i m e b e i n g — a t l e a s t w h i l e t h e garding debt, finances, taxation, &c., from all the
p r o c e s s o f r e c o v e r y r e m a in s a s s lo w a s a t p r e s e n t .
B u t municipalities throughout the country for the new
u n fo r tu n a te ly s u c h is n o t t h e ca 3 e.
In a great m an y
edition of our S tate and Cit y S upplement, to
o f t h e W e s t e r n S t a t e s , a n d a l s o i n s o m e o f t h e S o u t h be issued in April, and among the statements
e r n S t a t e s , b i l l s p r o p o s i n g r e d u c t i o n s i n e i t h e r p a s s e n received this week has been one relating to the city of
g e r o r f r e i g h t r a t e s , o r b o t h , h a v e b e e n i n t r o d u c e d i n Anthony, in Harper County, Kansas.
The plight in
t h e le g is la tu r e s .
T h e s e p r o p o s itio n s , to o , a r e b e i n g
which this municipality finds itself serves so well to
s e r i o u s l y c o n s i d e r e d i n a g o o d m a n y c a s e s , a n d i n s o m e illustrate the unfortunate condition of some of these
i n s t a n c e s t h e r e i s a p o s s i b i l i t y t h a t t h e m e a s u r e s m a y communities that we furnish herewith a transcript of
b e c o m e la w s .
a few of the leading items contained in the return.
It must be admitted that in view of the existing rail The facts we are sure will come as a revelation to those
road situation there i3 something decidedly incongru who have not previously looked into this question of
ous in such measures. A very large proportion of the burdens under which many sections are laboring.
the railroad mileage in the newer of the Western City of A nthony, H arper County, K ansas.— Aggregate
•States has passed, or is passing, through receivership indebtedness of city January 1 1897, including delinquent
and foreclosure, and in the older States the experience interest, $168,187 55.
has been equally hard, dividends having been reduced Rate of tax levy in city for year 1896,134 mills on the dol lar.
Assessed
or suspended altogether. Moreover, the recovery so
Year.
Population.
Valuation.
confidently hoped for has as yet failed to come. In
3,352
$512,684 28
face of two successive good crops, earnings as a rule March 1, 1S89 .............................
“
1890..
2,021
473,167 33
are still falling off. It is not surprising either that
“
1891 .......
1,825
409,362 17
under such circumstances railroad officials should get
“
1892 ...............................
2,C03
355,490 67
discouraged and think that there is no chance of ob
“
1893 ..............................
2,404
422,203 94
“
1894 ..............................
1,686
252,42131
taining justice at the hands of the Western people.
th a n
th e
n o tio n
th a t
any
sy ste m
w h ic h im p a ir s th e
- v a lu e a n d t h e p r o f i t - e a r n i n g c a p a c i t y o f i n t e r i o r e n t e r
T h is f e e lin g w ill a c c o u n t
r a ilr o a d
m an agers
o p p o s itio n to
are
th e se
fo r
th e
m a k in g
new
fa c t th a t so m an y
o n ly a
fe e b le
sh ow o f
a tte m p ts a t s p o lia tio n .
Bat
i t s e e m s to u s th e o c c a s io n c a lls fo r a d if fe r e n t a t t it u d e .
V ig o r o u s , d e te r m in e d
r e s is ta n c e
s h o u ld
be
a n y m e a su r e s c a lc u la te d fu r t h e r to w e a k e n
- e r ia h t h e
ro ad s.
m is d ir e c te d .
The
R ea so n
as
th a t
argum ent
p e o p le o f
p rop osed
a ste r th a t
m u s t r e s u lt
3 et b e fo r e
th e m
in
e ffo r ts , h o w e v e r , s h o u ld n o t
and
p lo y e d to c o n v in c e th e
a c tio n su c h
fron
it.
p la y .
T h is
don e, we
are
s h o u ld
be
th e
harm
app eal
su re
in
be
may un der
to t h e i r se n se
good
be
and d is
T n e ficts should
they
to
em
th e err o r in v o lv e d
a id
su c h a w ay th a t
s t a n d t h e m , a n d a ls o 30 a s to
fa ir
o ffe r e d
and im pov-
r e s u lts
of
will
fo llo w .
It should always be remembered that the basis for
the attitude of the agricultural classes is to be found
in their own condition. They are having a hard
struggle for existence. A decade or more ago every
thing looked prosperous.
Crops were good, farm
prices high and real estate values booming. Nearly
every farmer lived in expectation of seeing his land
rise to the level of New York City corner lots. With
that idea enormous debts were incurred in miny
of the newer States in laying out streets, erect
ing expensive public buildings for which there was
no need and which are now rotting, and in mak
ing various other so-called improvements. Then
came poor crops, falling prices for agricultural prod
ucts and a complete collapse of real estate values.
Now the people find in numerous cases that they are
burdened with a debt which it is absolutely impossible
for them to carry. In their efforts to get out of their
•difficulties they are clutching at every project, how
ever chimerical or visionary, that seems to afford a
“
1895 ..............................
1896 .............................
1,367
1,074
239,907 60
171,05100
It will be observed that in three years the papula
tion of this little city, locat d in Southera Kansas
and having three railroad lines connecting it with the
outside world, has dropped from 2,404 to 1,074 ; while
the assessed value of the property of the municipality,
which in 1889 stood at 1512,634, in 1896 was only
$171,051. In other words, population has declined
over one-half, property values fully two-thirds. More
over, the city has a debt of $168, 187. This would be
large even on the basis of the assessed values of 1889,
but on the basis of present values practically the whole
property within the town would be required to liquidate,
it, assessed values being, as we have seen, only $171,051 against the debt of $168,187. Of course there is
something radically wrong in the laws of a State which
permit the creation of a debt of such relatively large
proportions, but we shall not refer to this feature fur
ther than to say that over five years ago, in analysing
the statutes of Kansas with reference to the debt-cre
ating power of the municipa'ities of that State, we
showed that the provisions of the Constitution im
posed practically no limit in that respect, and that
there were also what appeared to be irregularities in
many instances in the legislative acts giving permis
sion to issue bonds.
The tax rate of Anthony in 1896, it will be noticed,
was 134 mills on the dollar—that is 13’4 per cent. In
view of that fact it is not surprising to hear that of the
taxes for 1895 only 75 per cent have as yet been col
lected, while of the taxes for 1896 but 7‘2 percent had
been collected up to January 15 1897. Judgment was
taken against the city nearly three years ago. Mr. J
P. HortoD, the City Olqrk, in his sworn statement
354
THE
C H R O N IC L E .
[VOL. L 2 I V .
A s it happens, Kansas is one o f the States where
declared that excessive taxation has reduced the values
legislative
propositions look in g to a red action in rates
of all city property, that ronu are low, and that nearly
two hundred store room3 and dwelling houses are now are jn st now being a dvocated with especial vigor. A n d
vacant. During the last two years, he states, almost yet there is n o State in the whole U n io n where less
one hundred business and dwelling houses have been can be said in defen se of a redu ction . T h is fa ct is
torn down and moved out of the oity, while other large b rou gh t ou t clearly and fo r c ib ly in a m em orial w hich
taxpayers have announced that they, too, will remove P resident R ip le y , o f the A tch ison road, has addressed
their property from the city unless the rate of taxation to the Legislature o f K ansas. W e refer to this m em o
rial n ot on ly because it is co n v in cin g and con clu sive,
is reduced.
When to the foregoing we add the fact that the price b u t because it is a m odel o f what such a report should
of corn and most other agricultural products is ruling be and furnishes an illustration o f the kind o f w ork
very low, and that general business depression prevails, that the railroads in all other States should undertake
we have a picture of despair aud distress which must where they are threatened w ith hostile legislation.
appeal strongly to the sympathies of all classes. It T h e paper is in excellent taste th rou gh ou t, no in
would be an exaggeration to say that Anthony presents vective being em ployed, the writer relying wholly
a typical case. It furnishes rather an extreme case, upon the strength o f his argum ents and facts. In
though there are other cases in the samp State where b rief, it is an attem pt to reason with the legislators,
the situation is nearly as bad, aud some possibly where in a frien d ly and am icable spirit, and to show them
it is even worse. The whole matter throws a flood of that their proposed action w ould be a w rong aud an
light upon the present state of things in the remoter in ju stice.
M r. R ipley begins by referrin g to the fa ct that the
parts of the country, and helps us understand the
frame of mind of the people which makes them espouse railroads have suffered quite as severely as the Kansas
the free-silver heresy, and to entertain the delusion people themselves. Tie points ou t that in earlier and
that they can improve their condition by compelling m ore prosperous tim es the A tch ison (th e largest tax
the railroads to move passengers and freight at unre- payer and the largest single interest iu K an sas), like
munerative rates, and levying excessive taxes on the m ost o f th e citizens o f Kansas, p erm itted itself to ex
property of the roads, and in various other ways endan pand too greatly ; it b u ilt railroads as the citizen s built
gering their solvency and prosperity.
towns— in the b elief that they cou ld be sustained.
It ia evident, too, from this recital of the difficulties T h a t b elief proved to be fallaciou s, and as a
and burdens under which some of these agricultural com consequence the A tch ison has u p on its hands som e
munities labor, that there is one way, and only one way, 2,500 m iles o f road in K ansas, m u ch o f w hich does
in which the situation can be met. I t must be made not pay operating expenses. Y e t there is n ot one o f
clear to the Western and Southern people that their these branches that does n ot serve m any com m un ities,
present course is a mistaken one, that it can prove of not one so p oor that the denizens o f its territory cou ld
no benefit to them, while certain to prove harmful do w ith ou t it. “ So we m ust all stay b y Kansas and
and detrimental to the country as a whole and to them h ope fo r better times. B u t we cannot m ake times
with it. Obviously, in a case like that of Anthony, better by p reyin g on each other— we m ust live and let
where the debt ia almost equal to the assessed value of live, m ust exercise m utual forbearance and patience,,
the property, the debt caunot be met; it follows that and p u ll togeth er to retrieve the mistakes o f the past.
a compromise of some kind must be made so as to
H e points out that in the general scaling dow n of
bring the burden within the ability of the munici Kansas values the A tch ison has borne its fu ll share;,
pality to bear. And the same remark applies in under its recent reorganization the holders o f its bondsother cases. In brief, the proper course is to call a were obliged to fo re g o m ore than h a lf th eir interest
meeting of creditors, jnst as a merchant or manufac charges, and the p rop erty is not now earning, and
turer or other business man does when he becomes under present con d ition s can not be made to earn,
embarrassed, set the facts before these creditors and anything lik e a fa ir return u pon its cost
agree upon a basis for readjusting the obligations by or its actual cash value. T h e same is true o f
scaling them down. Such a plan ha3 the merit of be th e other roads in the State— perhaps even to
ing honest as well as sensible. As a result, the muni a still greater degree, and Mr. R ip le y ventures the
cipality is quickly lifted to its feet, while the creditors statement that there is n ot a single road in Kansas
obtain all that can be got. To seek a remedy by de that earned last year or will earn this year or can
preciating the standard of values would simply in earn under present con ditions 4 per cent either on its
volve all in ruin.
cost or what it w ould cost to duplicate it. N o r is it
So, too, as regards the treatment of the railroads. true, as so often charged, that the persons who f u r
They and the communities they serve are interdepend nished the m oney to bu ild the Kansas roads have been
ent. Neither can get along without the other. B y richly rewarded. T hose who subscribed fo r the A t c h i
impairing the efficiency of these transportation agen son securities iu the seventies are now earning less than
cies the communities must necessarily suffer. Nor 3^ per cent interest on their actu al cash in v e stm e n t;
should the Western and Southern people ignore the those who subscribed fo r the securities in the eighties
fact that the railroads, like the farmers, have experi are receiving leas than 2 per cen t on their investm ent,
enced hard times-—that they have suffered in the same and those who subscribed fo r the stock are now d e ceiv
wav and from much the fame causes as the agricultural in g n oth in g in return fo r the cash paid by them for
classes. Moreover they should remember that when the same.
the consuming power of a community has been dimin
A s to the reasonableness o f present transportation
ished, either through a decrease in population, as in charges, M r. R ipley says that fre ig h t rates in Kansas
the case of Anthony, or in some other way, forced are now as low , considering the con d ition s, as th ey are
reductions in rates are wholly uojualiSable; lower rates in any W estern State. H e gives a table prepared
ton cerne only with an increase in the density of the from Census figures show ing that Kansas has a sm aller
volume of traffic, not with a decrease.
population per square mile than any o f the a d jo in in g
THE CHRONICLE.
F e b r u a r y 20, 1897.]
States, with the exception of Nebraska, and a
smaller population per mile of road than even Nebraska.
The density of population is in Illinois four times and
in Iowa and Missouri twice that of Kansas. Yet the
rates charged in Missouri and Iowa are but a trifle less
than those of Kansas, while those in Nebraska are
substantially the same. On the Atchison the rate per
ton per mile has declined from 2 ’288 cents in 1882 to
1’028 cents in 1896.
In regard to the proposition to reduce passenger
fares to two cents per mile, Mr. Ripley asserts that with
the exception of a few main lines the railroads are
now transacting their passenger traffic without profit;
almost every road in the State is running daily passen
ger trains which do not pay the wages of the train
crew, simply as an accommodation to the public and
to make the towns along the lines desirable places in
which to live. He calls attention, too, to the fact that
out of every dollar that the Atchison earns in Kansas
from freight and passengers it pays back at once 70
cents for labor and supplies, and about 8 cents more
for taxes. In 1895 the net earnings in Kansas were
about $1,800,000, out of which $800,000 was paid for
Kansas taxes, beiDg 44 per cent of the whole.
Mr. Ripley closes his appeal with these earnest
words, which every legislator in the West and South
should take to heart: “ When by the joint efforts of
the railroads and the people we have assured prosperity
and the population which that prosperity will attract,
and when the railroads are paying anything like rea
sonable returns upon their cost, it will be time enough
to discuss reductions in rates.
Meantime, do not
advertise to the world that invested capital is unsafe in
Kansas or that resort to the courts is necessary to pro
tect the rights of citizens against unreasonable dema
gogues, or honest but mistaken agitators, who imagine
wrongs that have no existence, and believe that the in
terests of the State can be advanced by driving away
capital or confiscating the property of others.”
B R I T IS H HOM E T R A D E A N D F O R E I G N I N
VEST M ENTS— IN DIA N FA M IN E A ND
PE STILE N C E A N D THE COT
TO N IN D U S T R Y .
Feb. 3, 1897.
A striking feature of British commercial history dur
ing 1896 is the well sustained volume andtthe generally
satisfactory state of the home trade. Usually when
attempts are made, in speeches or in the press, to gauge
the condition of mercantile and industrial affairs in
the British islands, reference is more or less confined to
the statistics of imports and exports, partly because the
foreign trade of the United Kingdom is, relatively to the
whole, of exceptional importance, and partly because
no means exist of determining the amount of the home
trade.
The only criteria of activity or slackness of a statis
tical kind of the home trade are to be found in the
returns of railway traffic and of the bankers clearing
houses at the commercial centres, the percentages of
the unemployed supplied by the various trades unions
to the Board of Trade and the number of persons de
pendent upon the poor rates. These, however, except
the last named, are largely affected by the varying con
dition of the foreign and colonial commerce of the
country. So far as the past year is concerned they all
point to a better experience among the masses of the
M
anchester,
855
people in 1896 than in any of the previous five years".
But there are other proofs of the encouraging condi
tion of the home trade in the large business done
and the satisfactory profits earned by the wholesale
and retail houses engaged in the distribution of
dry goods, food products, hardware and other
articles of consumption in the households of the
people. The profits of the wholesale dry goods
joint stock establishments last year were not always so
large as those realized in 1895, but allowing for fluc
tuations of prices of most staple goods and the losses
thereby incurred, there can be no doubt that their
gains from current trade and the amount of their
turnover have been at least as great and perhaps rather
greater than those of the preceding year. It is well
known, too, that the last twelve months have, on the
whole, brought excellent results to retail distributers
in all branches of trade. It may even be said, with
truth, that this has been the case for years past, and
it is a feature of particular importance whea the long
depression of agriculture in this country and the
frequent struggles with adverse circumstances of sev
eral great textile and other industries within the past
five or 3ix years are borne in mind.
These considerations give prominence to a special
characteristic of British economic life which has hith
erto attracted little attention— the enormous amount
and its great increase within the last ten years of the
revenue derived by residents in the United Kingdom
from other countries. It is estimated by Sir Robert
Giffen—a high authority on this subject— that in
1886 the annual income from British capital invested
in foreign countries and in the colonies, in public
loans, railways, banks, mining, land, financial and
other investment stocks, and in deposits in colonial
and other banks, was £85,318,000 per annum. Since
then investment in and profits received from South
African gold mines has increased enormously as well as
from other mining enterprises abroad, and the annual
revenue drawn from all these external sources must
have greatly increased.
This calculation takes no account moreover of the
earnings from British shipping abroai nor of the in
come received from British capital invested otherwise
than through the medium of companies whose shares
are quoted on the stock exchanges. There are, too,
many more persons and families of fortune resident in
these islands who have come from the colanies or for
eign countries, and it is even said that L indon has,
to a large extent, taken the place of Paris as the
elysium of wealthy people who have acquired fortunes
in other lands. It is obvious that this rapid growth
in the amount of income drawn from outside
the country and expended or invested here
must have tended powerfully to increase the
employment of labor and the consumption o f
articles of household and personal use, as well as to
keep up the rates of wages. An investigation of this
subject by some competent authority at the present
time would almost certainly show that the amount of
revenue derived from external sources and expended in
these islands is very muon larger than it was even ten
years ago, and that it is a factor of great moment in
sustaining the volume of the home trade and securing
ita steady prosperity. For, obviously, inco ne of this
kind, though of cause not invariable, must be less sub
ject to fluctuation, except in great and world-wide
crises, than that derived from ordinary trade and
industry.
THE CHRONICLE.
366
[V ol. LXIV,
Ta«s coowe of famine and pastitoaco in India con* ress throughout the Kingdom during me UiO fort
tiniu'd to excite vary keen interest among the business night. The London Mansion House Fund roaches
community, p&ruculariy tn Manchester, bo far us its to-day £205,000, in Glasgow the subscriptions exceed
immediate effect upon the demand for cotton goods £25,000, and in Manchester they are fully £33,000.
for the Dependency is concerned the plague is even of An effort is being made, which is very likely to be suc
greater consequence than the famine. Business of all cessful, to combine the whole of the Lancashire con
hinds i* completely disorganised in Bombay and tributions in one amount. If this should be done there
Kama shoe, and such demand as is met with for India can be little doubt that the Lancashire fund will con
on the Manchester Exchange is chiefly for Calcutta siderably exceed £100,000.
For some years British and American proprietors of
and Madras. Even this, however, is not large and
trade
marks have had occasion to complain of fraudu
stocks of plain staples usually exported to that country
lent
imitation
of them in Japan. Until now no means
are increasing. The number of looms standing idle
which are ordinarily employed in producing Indian have been available of dealing with this evil. Pro
descriptions is also becoming larger. Good authorities vision for eventually putting a stop to it was made in
arc >f the opinion, however, that the effect of the the Anglo-Japanese treaty of July 1894, by which
famine alone upon the consumption of imported cotton Japan undertook, before the abolition of the Consular
manufactures will not be anything like so serious as a Courts in that country, contemplated in the treaty, to
nu-rc contemplation of the statistics of famine relief join the International Conference for the protection of
might lead one to suppose, that is to say of the num industrial property (patents, trade marks and designs).
ber of persons dependent upon the Government for Consular Courts could Dot be abolished, however, until
support in employment on public works, or in the new treaties providing for the abolition were made
form of gratuitous relief. Imported goods are chiefly with many countries already having conventions with
consumed by the comparatively well-to do classes, as Japan in which the extra-territorial jurisdiction
of these courts was recognized. Tne English
these are judged by the Indian standard of living.
the
first of the
new
treaties,
the
It is mainly among the very poor, who buy the was
lower-priced goods made in Bombay, or in the native American the second, and others have followed. The
bard looms, that the power to buy clothing and house German-Japanese treaty concluded last year goes a
hold textiles is so greatly diminished by a famine. In step beyond those previously arranged, inasmuch as it
parts of the country where the past crops have not coTaiua an article (No. 17) conceding to German
failed, and where sowings for the winter crops to be citizens “ the same protection as natives [in Japan]
reaped next spring l ave been possible, the cultivators in regard to patents, samples (including patterns) de
and grain dealers have been substantially benefited by signs, trade aud manufactured marks, firms and
the rise in the prices of food stuffs. This view is names, upon fulfillment of the formalities prescribed
confirmed in two ways. Among the earliest sufferers by law.” In pursuance of the “ most favored nation”
from the famine are the handloom weavers in districts clause of an earlier Anglo- Japanese treaty, that of
of India where the weaving of coarse goods is car August 1858, the stipulations of the German clause
ried on, not as a domestic a jucct to agricultural just quoted were at once extended to British citizeng,
or other pursuits, but as a regular occupation. and it was recently agreed between the British Minis
At bhol&pore, for example, on the eastern ter at Tokio and the Japanese Government that its
boundary of the Bombay Presidency, where there are application should date from January 4 1897. There
4,000 hand looms, the greater part of the weavers were can be litrie doubt that the treaty between the United
unemployed, according to a telegram received some States and Japan r< quires an extension of these stipu
days ago, acd bad become chargeable upon the relief lations to American citizens also.
funds. But the experience of the famine period of
The procedure in securing registration in Japan for
twenty years ago ia even more conclusive. The stress patents, designs and trade marks is comparatively sim
of the calamity of that time was felt most severely in ple: (1) The application must be presented by some
the latter half of 1876 and through 1877. Yet the person in Japan duly appointed to represent the fo r
imports of cotton manufactures into India appear to eign applicant by a “ letter of authorization ; ” (2) the
have suffered very little diminution. This fact is plain application or petition for registration must be
in the following table showing the amount of cotton drawn up in Japanese, or be accompanied by
pie* o goods imported from 1874 to 1880 inclusive :
a Japanese translation, and must contain a proper de
Yards.
1875
1B ?«
18 7 7 .
1.110,388.890
1 ,2 2 3 ,15 5 .8 3 5
1 ,1 8 0 .1 4 1 ,5 3 7
1,186 ,-4 18,810
Yards.
1878
18 79
1880
1,358.360,8 71
1 .1 2 7 ,7 3 1 .5 7 3
1,338,740,688
I appears, therefore, to be a fair inference that the
prt-H-i t serious check to the demand for cotton goods
in Mat chestf-r j», to -ay the least, quite as much the
product of the prevailing and still spreading pestilence
and *he alarm to which it has given rise as to the
famine. Besides, it ia felt to be quite possible that the
I’ ■- ; affair than it
now ia, if tho efforts being rr ude to stop its progress
and to subdue it should not soon prove effectual.
For the moment, however, the prospect of the
British cotton industry and of the consumption
of cotton, dependent as these are so largely upon
the India bade, are not etcouragiDg.
The
movement for the provision of a great famine relief
fund by voluntary contributions has nude rapid prog
scription by drawings or specimens of the matter to be
registered ; (3) it must be accompanied by a certift
cate of the nationality of the applicant. When the
news of the opening of a Registration Office in Japan to
Germans and Japanese alike was made known, some
fear was at first entertained that British trade marks
might be legally appropriated by them through prior
ity of application. It appears, however, that according
to the Japanese regulations on this subject, which
were prepared as far back as 1888— probably in an
ticipation of the new treaties—no one can register a
trade mark already in use in Japan except the real
owner of it.
Merchants and manufacturers need
therefore be under no apprehension as to their rights
being forestalled by priority of application by others.
In spite of the protests of numerous European and
American commercial representative bodies, including
the New York Chamber of Commerce, the projected
F e b r u a r y 20,21897.]
I THE CHRONICLE
357
enforcement of an official telegraphic vocabulary, from able to continue 8 per cent dividends on both classes
which alone the words employed in cipher or “ code” of stock through the whole of the recent perioi of de
international messages may be constructed, has not pression, when none of its neighbors and competitors
been abandoned. This project was first sanctioned by found such an achievement possible.
As far as the results for the late year are concerned,
the International Telegraphic Conference held at Paris
In 1890. It was then resolved that an official vocabu they show very little change from those for the year
lary, intended at the time to be obligatory only for preceding, so that the opinions expressed on previous
inter-European messages, should be prepared by the occasions as to the merits and advantages of the policy
permanent Telegraphic Bureau at Berne. This volume pursued require no modification. Gross earnings as
was issued toward the close of 1894, and it was imme compared with 1895 increased a little; net earnings fell
diately seen by persons accustomed to compile and use off a trifle. Out of the 1896 net the company was able
telegraphic codes for telegraphic purposes that it was to meet all charges and the 8 per cent dividends, and
altogether inadequate in its supply of words and seriously then there was left a balance of $221,692; of this
defective in its construction. At the next conference latter $52,378 was appropriated for new track and ad
held at Buda Pesth last July, it was agreed that ditional property, $119,316 was applied to the sinking
and
$32,665 was used in settlement of
another and better vocabulary should be prepared. funds,
The determination to make it compulsory andjexclusive old claims, leaving the sum of $17,333 to be car
It
wa3 reaffirmed, however, although the date of its ob ried forward to swell accumulated surplus.
ligatory application was postponed to a time to be fixed is evident that the large crops the la3t two years
"a t a subsequent conference.” Not less important wa3 have been a great benefit and have prevented a further
a resolution, adopted at the same time, toextend its scope shrinkage in revenues (after the losses in previous
to extra-European code messages. In order to meet years), which must inevitably have occurred except
the objection against the obligation to use only words for that circumstance. From the monthly state
contained in the official volume, possessors of private ments of earnings it appears that, for the first seven
codes were invited to forward them to the Director months to July 31 there was a gain over 1895 each
of the Bureau at Berne, but without any undertaking month, the aggregate iacrease for the seven months
that all the words appearing in them should be com reaching $278,414; in the last five months the influ
ence of the great depression in trade arising from the
prised in the new edition of the Vocabulary.
English merchants are, of course, up in arms against silver agitation was felt, and earnings fell off $240,this innovation, and, through the Chambers of Com 616, leaving the increase for the twelve months only
merce, are preparing fresh protests which will be ad $37,798. The effect of the good crops is seen in
dressed to the Postmaster Gjneral against any inter the fact that the gross earnings on shipments of
ference with the existing liberty of choice of any farm products from local stations in Illinois and Mis
legitimate words to be found in the eight languages souri were $1,355,875 in 1896, against $1,276,478 in
already authorized for the purpose. It is obvious that, 1895, $1,177,353 in 1894, and $1,041,049 in 1893; the
in these days, when the international commerce of the largest total in any previous year had been $1,277,823
world is conducted mainly by means of telegraphic in 1891.
While the policy pursued in the Alton case, under
correspondence— made possible only by the use
of cipher— the proposed curtailment is a very which no mileage his been acquired and therefore no
serious matter. Representative commercial bodies on increase in charges incurred, has been eminently suc
the Continent are also very extensively opposed to the cessful, it by no means follows that a like policy would
change, and there are indications that the discontent have been attended with equally satisfactory results in
will find voice in most of the great centres of commerce the case of other systems. That this policy wa3, all
throughout Europe. This may, perhaps, not appear things considered, best for the Alton admits of no
very promptly, because the grievance is not pressing. question, and the management are entitled to much
The next international conference will not be held credit for not having joined in the general movement
antil 1901, and it may be that the considerable inter of expansion, which became so marked a feature of the
val still remaining may have the effect of retarding the railroad history of the time, after the resumption of
full expression of the discontent, which iB undoubtedly gold payments in 1879. But there were special cir
cumstances in the Alton case which did not exist in
both Btrong and widespread.
the case of most of the other systems. The Alton
under Mr. Blankstone’s management, has always been
THE CHICAGO & A L T O N RE PO R T.
ably and conservatively managed.
The property
President Blackstone makes no extended remarks was in fine condition eighteen years ago, as it
this time in the annual report of the Chicago & Alton, is to day. It hai a’ ready built up a large business
but the report always attracts attention by reason of when the revival in trade occurred in 1879, and this
the unique position which the road has held for so business, under a continuation of good management,
m®ny years. As has been frequently pointed out in it was reasonably certain to retain. The location of
these columns, a distinctive policy has been pursued the line is excellent, and it is situated in che very
in the management of the property, so much so that heart of the country, connecting the important traffic
the road stands sui generis in this respect. At a time centers of Chicago, St. Louis and Kansas City. Prac
when all other leading systems were adding large tically the whole system is main line. By reason of
amounts of mileage through acquisitions and new ex this favorable geographical situation it could confi
tensions, the mileage of the Alton was kept stationary. dently count on a share in the incre tse in traffic re
Since the completion of the Kansas City extension in sulting from the growth and development of the West
<9 eighteen years ago— the extent of road in the ern country, whether it built any new mileage itself or
system has remained practically unchanged. This not. In a word, it was in position to dispense with
policy, too, has been attended with marked success, as new extensions. In the case of most other large sys.
i® evident from the fact that the company has been terns, however, the conditions were different; for these
3&b
TUB CHRONIC LB.
[VOL, L X I Y .
be excellent authority, that he and the French Foreign Minis
ter warned the Turkish Ambassador in Paris that the Powers
are agreed, and that the Sultan must new pt their recommen
dations. There is hope, too, that the Spanish Government is
really about to make an earnest effort to settle with Cuba.
On the other hand, Mr. Chamberlain's speech a week ago in
M< ;t of the extensions built through, the newer the House of Commons during the debate upon the re-appoint
regions of the West have, because of their light ment of the South Afiiean Committee has caused some un
easiness. The Colonial Minister said that there; is a recrudes
trKftie, b on a burden to the parent company. The cence of unrest fulness, and he added that if certain recent
Alton, in not having any of these extensions to take legislation in the Transvaal was enforced, it might have
tare of, escaped the drain on its resources from that serious consequences. President Kriiger has retorted some
cause which the other companies experienced. And what warmly. From all o f which it is inferred that unless
that is where its main advantage has come in. It of great tact is used on both sides, there may be a renewal of
course suffered from the unfavorable conditions pre trouble in South Africa,
In home affairs the moat significant event fora considerable
vailing the same as the rest of the roads. This appears time is (he election of a radical labor candidate for Waltham
from the fact that its gross revenues in 1896 were only stow Division. The division is practically a suburb of London,
#6,840/283. while sixteen years before, in 1880, they is very densely populated, and for the last eight or nine years
had been $7,087,225, and the net earnings were only has been strongly conservative. A t the general election a
♦2,801,737 against *3,477,984.
The Alton was in year and a-half ago the Conservative majority largely ex
ceeded two thousand; now a working man has been elected
condition to bear this loss. But if it had had heavier
by a majority of 289. The general inference is that the work
charges to meet because of new extensions, its fate must ing classes throughout London and the neighborhood are dis
have been the same as that of other lines. It is to be gusted at the moneys voted last year and about to be voted
said, too, that the policy of spending so freely for im this year in aid of the landed interest and the Church.
On Thursday the Directors of the Bank of England put
provements when earnings were large must also be
credited with p irto f the company’ s good fortune, since down their rate of discount from 3*4 per cent to 3 per cent.
The general expectation is that this rate will be maintained,
it removed the necessity for hiavy expenditures on the at all events till the end of March, because the revenue colsame account in recent years when earnings fell off.
lec ions will transfer immense sums from the other hanks to
Mr. Blackstone in the present report refers again to the Bank of England. At the same tim e.it is to be noted
the increasing burden of taxation which is imposed on that the Government is buying largely for the sinking fund
the radroads, and he gives an interesting table to rein and ihe savings banks, which will to some extent counteract
force his argument on that point. In his previous the collection of the revenue. Furthermore, Japanese money
is being transferred from Berlin to London, and lastly money
report he pointed out that while the assessment of rail is becoming so cheap all over Europe that considerable re
road property has been steadily increased, the assess ceipts of gold are expected.
ment of other property has been reduced. The table
The silver market is very quiet, and the demand for India
which he now presents shows that as the Alton’ s net Council drafts has somewhat abated. Last week the Council
earnings have fallen off the amount required for taxes was able to sell by public tender and private contract over a
ha? very decidedly risen. In 1880, when the net was crore of rupees. On Wednesday of this week it offered 50
lacs and sold only 21 lacs at a very trifling fraction under
♦3,477,984, the taxes were 1147,413; in 1896, with net Is. 8%d. per rupee. It ought to be added, however, that it
of only 12,801,736, the taxes were $315,745. In other has since sold considerable amounts, almost every day, by
words, during the sixteen years taxes have increased private contract. The Indian money market continues very
from 4-24 per cent of the net earnings to 11*27 per cent; tight. The Bank of Bombay yesterday raised its rate of dis
and the force and value of this comparison is enhanced count from 10 to 12 per cent. The Bengal Bauk rate is 10
per cent. In the interior rates range up to 15 per cent and
by the fact that the mileage of the system has not been
even higher. The distress is increasing, the number em
enlarged at all in the interval, so that the taxes now ployed on the relief works ia augmenting every day, and it is
are levied on precisely the same property as in the feared that no improvement can be expected until the end of
earlier year. Similar complaints of excessive taxation April, when the next crops will become available. The Gov
a-e being made by other railroa Is, and the matter is one ernment reports that the plague in Bombay is abating. Most
that should receive careful attention, for we need vigorous efforts are being made to stamp it out. But unfor
tunately at Kurracchee it is spreading, and there is a panic
hardly say that declining rates for freight and passen
among the native work people.
gers and increasing taxes can not go on together very
Business on the Stock Exchange continues very quiet,
long.
____________________________________
partly because of Mr. Chamberlain’s speech and partly be
cause the general public still keeps aloof. In the American
market there is some investment in good bonds, but very
l^ a o t t c t a r g s ^ a t t t m c r c t a l^ iio lt s lif lB t o s
little in anything else, though there is now and then a pro
[Fromoourown oorro«poartont.]
fessional speculation which follows the movements in New
tXWDOff, S a tu r d a y , February Otb, 1897.
York. In South American securities there is not much doing,
Tli" report of th<- Senate Committee on the Arbitration as the injury done to the crops in Santa F6 and Eatre Rios by
Treat y I.? o .I, . d disappointment here, but the feeling is locusts and rains appears to have been serious.
The South African market is stagnant, and indeed the
tempered by a-MDfaction at the evident desire of all rightthinking
in tlu< United States to maintain the most only little activity anywhere is in the markets for British
frb’ tvilv relations between the two countries. The signing Government securities and British railway stocks. Govern
of i b«- Venezuela Treaty is heartily welcomed, and everyone ment securities are bought because of the cheapening of
money, and British railway stocks are bought because
bop** ifirst the arbitration will be concluded satisfactorily.
The announcement that Mr. Gage, President of the First the dividends, so far announced, are highly satisfac
National Bank of Chicago, is to be the new Secretary of the tory, and trade all over the country is steadily improving.
Treasury has also been received here as a good omen. Al The working classes are well employed, rates are fairly well
though, naturally, little is known of Mr. Gave, that little is maintained, and the volume of business done by the railways
uniformly favorable, and it is assumed that bo would not ac is greater than ever before. As yet there has been no rise in
cept unit ** he was an-mod that a serious effort would be wages and no great increase in fixed charges, and conse
made to take the Government out of banking.
quently investors hope that in the current six months, at all
Count Httruvuir* visits to Paris and Berlin are over, and events, there will be a considerable improvement in dividends.
the world is ;s .a ignorant a* ev«r as to what wag the real object On the Continent operators are waiting for the decision of
h<* had in view, ft in stated, however, upon what appears to the Ambassadors at Constantinople and the settlement of the
to bare remained m tiontuy while big confederations
of r<.. I wen* being built tip on every aide would have
been to invite decay, Thus the policy of non expansion
oloarlf fitted the Alton, while it ia doubtful whether
it could hare Uon applied to the other systems.
THE CHRONICLE
F e b r u a r y 20, 1897.]
359
The following shows the quantities of wheat, hour and
Cuban question. Paris is beyond all comparison the greatest
of Continental markets, and Paris is very deeply interested maize afloat to the United Kingdom :
week. Last week.
18 9 6 .
18 9 5 .
in both Spanish and Turkish securities. There has been a W h ea t........ ...q r s . ..2 ,4This
9 5 ,0 0 0
2 ,5 1 5 ,0 0 0
2 ,1 4 1 ,0 0 0
2 ,9 2 5 ,0 0 0
3 5 0 ,0 0 0
3 7 5 .0 0 0
3 0 8 .0 0 0
great fall in both. If the Turkish and Spanish questions are Flour, e q u a l to q r s . . . 3 2 5 .0 *0
M aize....................q r 3 . . . 8 9 0 ,0 0 0
9 8 0 ,0 0 0
7 8 8 .0 0 0
3 7 9 .0 0 0
settled there is expected to be a rise, and then the universal
opinion in Paris is that there will be a marked recovery in
E u ^ l i s l i F i n a n c i a l m a r k e t s —P e r C a b l e .
business, and that all the Continental bourses will follow suit.
The daily closing quotations for securities. &e., at London
The following return shows the position of the Bank of are reported by cable as follows for the week ending Feb. 19 :
England, the Bank rate of discount, the price of consols, &o.,
M on.
Wed. Thurs.
Sat.
Tues.
F ri.
London.
compared with the last three years:
1894.
1895.
18G6
ISP7
Feb. 7.
Feb. 6.
Feb. 5.
Feb. 3.
£
£
£
£
24 464,810
25,119.885
25,448,925
25,863,555
C ir c u la t io n ................................ .
7,270,773
6,65^,0U7
P a b lic d e p o s its . ............................. 10,665.700" 11,795,393
33,314,772
27,388.472
51.046,254
43,020, '19
12.478.488
9,0 <0,458
14.480,323
14,770
973
G ov ern m en t se c u r itie s ...............
17,66 J.953
23,419.^54
26.551,772
O ther secu rities ............................ 29.884.481
28.481,915
2 0.4-3 639
R eserve o f n otes and c d n ......... 28.214,413 39.946,764
48,595.659
36. ->01,800
28.4 47.469
o ln & bu llion , b o th d ep a rtm ’ ta 37,307,998
5811-10
70>i
53 7-L6
em
P r o p , re s e rv e to lia b ilitie s ., p. o.
2
2
3*
24
Bank rate
. .......p e r c e n t .
99 1-10
104 7-16
113 3-16
103%
C on sols, 2H per c e n t ...................
29%4.
27 7-10d.+
3 0 1 3 -1 ec.
20%d.
S ilv e r ...................................................
C learin g-H ou se r e t u r n s .. .. . .. .. 1.74,498.000 178,079,000 180.658,000 125,945,000
* February 4.
+ February 7.
The rates for money have been as follows :
Jan.
8
*
15
•• 22
•• 29
F eb . 5
2 9 U ,«
112%
1123 «
102-35
1434
23%
56
17%
77%
42%
1 4 7s
35
94%
1 57
50%
69%
13%
9534
15 ^
1634
38%
53%
12%
93s
28%
7%
16%
291%
2 9 U i6
t l l i ’ ie I l l ' l l .
m ,5is I l l 78
0 2 37 0 3 33 %
14%
1458
2 > 7s
23%
56
55%
17%
17%
773s
77%
7734
42%
42%
42
15
14%
14%
35%
35
34%
94%
94%
94%
15*
158
50%
51%
503s
69 %
t9%
69%
13%
13%
1 %
9534
95%
95%
15
14%
15
1^%
L7%
17%
3
9
*
39
31%
53%
53%
53%
12%
13
12%
9%
9%
9%
29
28%
28%
738
7
6%
16%
16%
16%
291 %6
1 12 ,8
112%
02-42%
14%
24%
56
17%
Interestallowed
fordeposits by
Trade Bills.
Sank Bait.
Dxsc’t a se
JC
£
Stock At 7 to 14
Three Four Six
Three Four Six
C5 Months Months Months Months Months Months Banks. Call. Days
2X 2H
SH
a*
24
m
4 31-164$ M
3H
24 2H
2*
m
2%
2H
3%
2X
4
3H
2 2A
2
2H
m 2% -5 16 2K -5 18 2 5-10 2 »<e>H
C h a n g e s ln L e g a l Te n d e r s a n d N a t i o n a l B a n k N o t e s t o
2
24
2
214. 2 'A
2H
3 Hi 2 1-10 2 1 id 2-21-10
Feb. 1.— The Comptroller of the Currency has furnished
2
141 1%
2
1
*
2A
3
im u
0 pen
«
a
London.
Silver, per o u n c e ........d. 29%
29t%„
Donsols., n ew , 2% p .c ts. 1127ie l l l t o i g
For a c co u n t ........ ....... X 129,« 112
Fr’ch r en tes (in P aris) fr. 102*45 102-05
A tch. Top. & S a n ta F e . 14%
14%
23
Do
do
pref. 243s
C anadian P a c ific ............ 56t3
55%
C hesapeake «&O hio........ 17%
17
77%
Ohio. S lilw . & St. P au l
76%
41
D env. & Rio O r., p r e f.. -12 a
Erie, c o m m o n ................. 15% » 14%
34%
1st p r e fe r r e d ................ 3 5 4
94%
Illin ois C e n tr a l........ ....... 94%
157%
L ouisville & N a sh v ille . 5 1 %
50%
69
M exican C entral, 4 s . . . 7 0
Mo. Kan. & T ex ., com .. 13%
1 2 7a
94%
N. Y. C ent’l & H ud son . 95%
1
5
ie
N. Y. O ntario & VVest’u
14%
N orfolk <fe W est’n. pref
16%
17%
No. Pac. o r e f t r . r ec ts. 38%
37%
533s
P en n sy lv a n ia ................ 53%
12%
Phila. & R ead., per sh .. 12%
9
South’ll B aU w ay, com .
9%
28
P referred ........................ 28 %
GJnion P a c ific ...................
6%
7%
16
W abash, D referred........ 16%
Market Hates.
ePoiuittcuctalaucl l^tsccllaucaus i^eurs
os the following, showing the amounts of national bank
The Bank rate of discount and open market rates at the notes January 1, together with the amounts outstanding
chief Continental cities have been as follows:
February 1, and the increase or decrease during the month j
also the changes in legal tenders held for the redemption o f
J a n . 15,
F eb. 5.
J a n . 29.
J a n . 2 i.
bank notes up to February 1.
R a te s o f
In terest a t
Parts..................
Berlin.................
H a m b u r g .........
F ra n k fort.........
A m s te rd a m ....
B russels..........
V ie n n a ..............
Bt. P etersbu rg.
C op en h a gen .
Bank
R a te
2
Open
M arket
i r
4
4
-1 0
2«
24
2%
2H
24
4
3J4
3
4
0
8«
IH
4
4
Bank
R a te .
O pen
M a rk et
Bank
R a te .
O pen
M a rk et
Bank
R a te .
2
2
2
2
2H
W
4
4
3%
2H
a
2A
SH
4
3*
3
4
6
6
4
6
6
6
3*
3X
2H
8
4
0
6
4
24
2
4
4
4
8%
3
4
0
2
0
4
4
4
3A
3A
2H
2A
3H
0
4
4
O pen
M a rk et
i-H
34
3X
3*
0
4
4
Messrs. Pixley & Abell write as follows under date of
ruary 4:
Feb
G o ld .— T h e r e h a s b e e n n o o h v n g e tn t h e g o l d d e m a n d , w h i o h c o n
t in u e s t o a b s o r b a ll a r r iv a ls . S l o o e l a s t w e e k t h e B >nlc h i e t e o e i v e d
£ 1 0 0 .0 0 0 In S o v e r e ig n s , w u ile £ 3 0 . " n o h a s b - e a t > k « , f o r S o u t h
A m - r lo a . A r r iv a ls : S o u t h i f r l a . £ 1 2 6 ,0 0 0 ; K lv e r P la t e , £ 15.0011;
W e s t I n d ie s , £ i s . u o T o t a l ,
£ 4 0 3 .u 0 0 .
S h ip m e n t s : t o C a lc u t t a ,
£ 1 3 .4 5 (1 ; J a p a u , £ I 3 5 .0 T I . T o ta l, £ : 4 4 , 2 50.
S l i v e r .—T h e m a r k e t h a s s l ig h t l y g i v e n w a y s i n c e o u r l a s t r e p o r t o n
A m e r i c a n s e llin g , a n d Is f t l r l y s t e a d ? a t t h e r e d u c t io n .
The I n d ia n
p r lo e t o -d a y is 8 • r u p e e s
A r r iv a ls : N e w Y o r k . £ 1 3 3 ,0 >0; R 'v e r P l a i e ,
£ 2 1 ,0 0 0 ; W e s t l o d e s . £ 1 7 ,0 0 0 .
T o t a l , £ 1 7 1 ,0 0 0 . S h ip m e n t s ; C a l
c u t t a , £ 2 9 .9 0 0 ; B o m D a v . £ 1 0 ,6 0 0 . T o t a l . £ 1 2 0 ,4 0 0 .
M e t le a n D o lla r s . — W! h n o b u s in e s s l o t n e s e c o l a t h e p r i c e is o n l y a
n o m i n a l o n e . A r r i v a l s fr o m N ew Y o r k , £ 3 8 .0 0 0 .
The quotations for bullion are reported as follows:
Go l d .
Feb.
Jan.
S il v e r .
Feb.
Jan.
L o n d o n S tandard.
4.
28.
L o n d o n S ta n da rd .
4.
28.
d.
d.
s.
d.
Bar g old , f ln e ....o z . 77 10%
B a r gold , partin g.oz. 77 U
Sp anish, o ld ..........oz 7 6 0%
76 1%
0 . S. gold o o ln ...o z . 76 5%
G erm ’ll g o ld ooln.oz. 7 6 3%
F rench gold ooln.oz. 7 6 3%
s.
d.
77
77
76
76
76
76
76
10%
11
0%
1%
5%
3%
3%
Bar silv e r , fin e ... oz.
B ar s ilv e r , o o n ta in 'g
do 5 g rs. g o ld .o z.
do 4 grs. g o ld oz.
do 3 grs. g o ld .o z .
C ake s ilv e r ...........oz.
M ex ica n d o lla rs.o z .
29%
29»316
30%
301,6
2 9 76
32%
29%
3 05ia
30%
2 9 l5 16
32% n
29%
n a tio n a l B un k io>*.s—
Amount o u tsta n d in g J a n u a ry 1, 1 8 9 7 ..........
$ 3 3 3 ,1 6 4
9 0 1 ,4 6 0
A m oun t o u tsta n d in g Feb. 1, 1 8 9 7 * ........
iIMPOHTS.
B a r le y .............................1 2 .8 7 2 ,3 »0 1 2 ,3 0 3 ,1 3 0 1 4 ,3 7 0 ,4 1 4
6 ,1 3 3 ,0 4 0
6 ,9 3 8 .6 3 7
Oate.................................. 9 .0 3 9 .2 1 0
P eas.................................. 1 ,-4 5 ,7 1 8
1 ,3 7 3 ,2 4 0
1 ,2 2 8 .0 1 4
S e a n s .............................. 1 ,4 0 1 ,6 8 0
1 ,7 5 9 ,7 0 0
2 ,0 1 7 .1 4 4
Indian oorn...................25. 9 3 ,4 0 0 1 8 ,5 7 1 ,0 8 0 1 0 ,6 3 0 .3 1 4
F l o o r .............................. 9 .9 6 0 ,1 4 0
9 ,0 0 5 ,8 5 0
8 ,6 3 7 ,6 9 0
1 5 .1 4 2 ,4 1 4
5 .9 1 4 ,7 4 6
1 ,2 5 0 ,7 9 0
2 .2 3 1 ,4 8 2
1 2 .7 5 6 ,3 1 3
8 ,3 3 6 ,7 9 8
Supplies available for oonsumptiou (exclusive of stocks on
September 1):
IW D -/.
W heat Im ported, o w t.2 9 ,8 5 1 ,7 3 0
Im ports of Hour......... 9 .9 6 0 .2 1 0
Bales o f h o m e-g ro w n .1 2 ,0 4 0 .3 1 3
T o ta l..........
-.5 1 ,8 5 2 ,3 1 3
A ver, prloe w h ea t,w eek . 3 U .
A verag e prloe, a ea a o n ..2 9 a .
3d.
4d.
1895-6.
2 8 ,3 3 7 .1 6 0
9 ,0 0 5 ,8 5 0
6 ,7 u 2 ,8 8 1
1894-5.
2 8 ,0 1 5 ,3 6 6
8 ,6 >7,610
9 ,1 9 7 ,8 1 6
1893-4.
2 6 ,3 0 3 ,5 4 4
8 .3 3 6 ,7 9 -1
1 0 ,9 3 2 ,'4 2
4 4 ,5 9 5 ,8 9 1
4 6 ,7 7 0 ,8 7 2
4 5 ,6 3 2 ,5 8 4
1895-6.
201. 3d.
2 4s. lOd.
1894-5.
2 0 s. 9 d .
19e. 9d.
1 89 3 -4 .
209. I d .
2 6 s. 9d.
5 6 8 ,2 9 6
$ 2 3 5 ,0 0 8 ,0 8 5
L eg a l Tender N otes—
A m ount o n d e p o sit to red eem n a tio n a l ban k
notes J a u m r v 1, 1 8 4 7 ............. ...........................
A m ount d ep osited du rin g J a n u a r y ................
Ain’t reissu ed and b a n k n o te s r e a r e d in J a n .
$ 2 ,9 9 6 ,7 6 0
9 0 1 ,4 6 0
A m ou n t on d e p o sit to redeem n ation al
bank n otes Feb. 1, 1 8 9 7 .............................
$ 1 9 ,7 2 6 ,0 7 4
2 ,0 9 5 ,3 0 0
$ 2 1 ,8 2 1 ,3 7 4
‘ C ircu lation o f N a tio n a l G old B anks, n o t Included ln ab ove, $ 8 0 ,5 7 7 .
According to the above the amount of legal tenders on
deposit Feb. 1 with the Treasurer of the United States to
redeem national banknotes was $>3l,83l,374. Tue portion of
this deposit made (1) by banks becoming insolvent, (2) by
hanks going into voluntary liquidation, and (3) by banks
reducing or retiring their circulation, was as follows on the
first of each of the last five months:
D eposits by —
Oct. 1.
$
N ov. 1.
Dec. 1.
J a n . 1.
Feb. 1.
$
$
$
$
Cnsolv'nt bke.
603,309
6 4 7 ,9 °5
8 9 5 ,4 9 ’
704.58ft
93 5 ,8 9 7
Llquld’g bks
5 ,0 1 8 ,9 5 7 4 , 8 0 8 , 7 3 7 4,8 5 4 ,0 1 7 4 .7 86,795 4 ,7 0 9 ,0 5 3
Red’o’ g unde
a o t o f 1874 13.197.070 1 2 ,8 51,001 13,143,817 14.043.782 16 ,1 1 6 .4 2 4
T otal.
.
19,834,33-i 1 8 ,3 8 7 ,6 ' 3 18.702,410 19,726,074 2 1 ,8 2 1 ,3 7 4
‘ A o t o f Ju n e 20 . 18 7 4 , an d J u ly 12. 1 8 8 2 .
O o i n a g e b y U n i t e d S t a t e s M i n t s . —The following state
ment, kindly furnished us by the Director of the Mint, sh ws
the coinage at the mints of the United States during the month
of Jauuary, 1897.
J a n u a ry .
The following shows the imports of oereal produce into
the United Kingdom during the first twenty-two weeks of
the season compared with previous seasons:
1898-7.
1895-6.
1894-5.
1 8 9 3 -4 .
Importsofwheat,owt.29,851,730 28,837,160 28,61 >,366 2 6 ,3 6 3 .5 4 4
$ 2 3 5 ,5 7 6 ,3 8 1
P ieces.
rou b le e a g le s ___
ia g le a ....................
5 a lf eag e* ..........
Three d o lla rs___
Ju arter e a g le s ...
l o l l are...................
3 8 4 ,1 0 0
1 2 ,0 0 0
V a lu e.
$
7 ,6 8 2 ,0 0 0
1 2 0 ,0 0 0
1 ,4 2 0
T otal g o ld ..........
39 6 ,6 6 8
7 .8 0 3 ,4 2 0
"Standard dollars,
^lalf d o lla rs..........
Quarter d o lla r s ..
D im es.....................
1 ,« ’ 2 .0 0 0
9 2 ,0 0 o
8Q 8.0°0
2d8,000
1 ,8 1 2 ,0 0 0
4H.01J0
7 7 ," 0 0
2 9 ,8 0 0
Total s liv e r ___
2 ,ft 1 0 ,000
1 ,9 6 4 ,8 0 0
f iv e c e n ts ............
>ne o e n t...............
1 .0 9 0 .0 0 0
2 .8 5 0 .0 0 0
5 4 .5 0 0
2 8 .5 0 0
Total minor.....
3 ,9 4 0 .0 0 0
8 3 .0 0 0
Total ooinage__
6 ,8 4 6 ,6 6 8
9 ,8 5 1 ,2 2 0
the
860
c h r o n ic l e
The f o l l o w i n g interest*
t n s »uufurnished b r t h e Comptroller of t h e Currency .
*h‘>«'4 •!■.,- Amount of e M3hcia« of bond#held against national
banK circulation and to <v-ure public moneys in national bant
depositaries on January 80,
_____ _
M&fik
C irm tliiU o n .
|»*
$375,000
533,000
12,143,000
1.850.000
1.033.000
S
OdBia, l l l i r e i
per
19B7»,
4 pe t emmm, 1895.***..*.
5 -per etn*» (nndod 1891 —
89.961,000
15,100,350
153,182,050
37,213,050
22,637,650
E x p o r t* .
S ile e r .
H & uo by N u r s e s a l Ha s o .—
a . S. B oru U H eld J a n . 3 0,1 8 9 7 , lo S a e u r e -
rvou
Great Britain.........
$720,935
Germany..................
West Indies.............
Mexico......................
South America.......
All other ootuitrlea.
3,600
7,725
Total 1 8 9 7 ......
Total 1896........
Total 1895........
$732,260
977,385
550,643
fotai B e l a
*9,336.000
15,731,350
165,327,050
39,063,050
23,670,650
Im p o r ts.
S in c e J a «,1 .
W eek.
S i n e e J a n . 1.
W eek.
$4,339,029
431,000
3,600
10,830
$225
$545
11,475
"2 ,0 0 7
17,376
9,007
834
34,601
165,359
92,874
2,179
$4,705,031
0.097,881
4,04.2,427
$29,509
56,064
8,201
$205,558
277,916
187,573
—Attention ia called to the list of city bonds, “ legal
investments for New York savings banka/' offered for sale
by Messrs, Leland, Towle & Co. of Boston, Their advertise
ment will be found in the State and City Department.
$253,128,100
*237,790,100
$15,938,000
—Mr. Harry May, General Agent of the Nederland Life
Insurance Company for Missouri, has appointed Charles AidNsri -a. BtxKs.—The following information regarding rich,
of St. Louis, as agent for that city, Mr. Aldrich is a
national banks is from the Treasury Department:
well-known business man.
KATIOJ*A* ttJkMK 0 8 0 AK1/.EB.
—Messrs. Redmond, Kerr & Co. offer for sale a list of in
vestment securities to which attention is called. The adver
#.*.0,000. ciiii* io p b e r 0* lim a, Pre*ldeiH; Rafu^ Grant,
tisement will be found on page viii,
LIQUIDATION.
—Attention is directed to the list of bonds advertised by
4
« u _Tii f* Farmer** A Merchant** National Bank of Caw leer City, Messsrs. Reed & Flagg.
*
K * o » ^ , La* <<»»© iot<» Yoitiaiarj ifoiiid&tloQ by resomtion of
\i,» •*r>ekbol4ers dated N
’ ovafflb<T 3^, 1896, to talc© effect 0©-
m um -';
■
Hank, H -m eton, MassaehasettA has (tone
Ioi„ voitim.HV l!qiil,laii»n by resolution o f ns stoekUalders
,U !r,i l) retaber a 2, 1846, to take effect January 1. 1897.
4 SJO-TS.National Hank, Crete, X«bra*tea, has Rone into volnm
a'iH siii® in- r.‘solution of its stoefctaMtera dated Doeemiwrii-s. 1696, to take affect January l . 1897.
3,54 2 -T h e First National Bank of Nosh City. Kansas. hftB gone Into
V...a., i« i lion illation by revolution of its stockholders dated
D ec nibe'r 19, 1806, to take effect December 24, 1890.
. . . 4 Pierce, Nebraska, has sone into
’
vein at., r j liquidation by resolution o f its stockholders dated
IHccUslMT 31. 1896.
,
, ,
* .I « 8 ~ r i)o National Bank o f Oornloit, Iow a has gone into voluntary,
liquidation by resolution o f the stockholders dated Nov. to,
.
4,134 —The r’|r«t National Bank o f Cisco, Texas, lias gone into rolnntarr lotii ituiiui bv resolution o f its stockholders dated Jaauanr 2*. 198".
*890
• '•
nal Bank of Gothenburg, Sfspraak*, has gone
into voiui.tars liquidation by resolution o f Its stoekholders,
dated Decem ber 10.1896.
4 053—The p |im National Bank of Pliilipsburg, Montana, lias gone
into voiiintui; liquidation by resolution of Its stockholders
dated January 21, 1997, to take effect February 10,1897.
INSOLVENT.
New Orleans, Louisiana, was,
on January 2 7 ,1 8 9 7 , p la ce d In th e h a n d s o f William E. Huger,
R, oelrer.
118
The March
t», Florida, Was, on Feb
ruary 3, i s 97, placed In the hands of Granville C. Stapylton,
Receiver.
4 .5 - 1 - 7 1 .-M* r
Nalior.il Bank. Moscow, Idaho, was, on February
i. 1-97. p lan <1 in the ban !
.•one T, Wilson, Receiver,
T otal 6 week*..
Atlan. Ave., B'klyn
Con. 5s, g., 1931...
Impt,
m ur, 5
u s,
o. k
g.f
., 1934..J&J
xc>ahk..<J uw A
$8,293,023
$7,336,179
$11,706,853
33,544,774
$60,286,264 $56,931,013
$45,251,627
$ A n d a c c r u e d in t e r e s t .
I
*10,771^50
*53.991,236
1896.
1895,
$3,356,088
1,405,980
1894.
$2,074,052
4,218,371
$2,345,705
4,990,474
The imports of d ry goods for one week later will be found
In our report of the dry goods trade.
Tiie following Is ;i statement o f the exports (exolusive o f
»peoie) fr o m th e port of New York to foreign ports for the
w e e k ending F e b , 15 and from January 1 to date :
KXroaT* FROM SEW YORK FOR TUB WBBK,
1890.
1697.
1895,
1894.
W m ^ m w m k ..
Frev. re ported
$6,616,125
40,030,296
$4,433,817
41,888,365
$5,172,475
35,871,492
$6,383,543
36,438,301
Toim-l 0 m m ks.
*46,652,421
$10,322,182
$41,343,907
$42,821,904
G A S C O M P A N IE S .
K eporlt.
Orcut Britain . . . . . .
INwnei?.....................
tumm* a..........
............
Bm tto Anaw©#!®*
A ll 0Umt
T oU l 19&f++*•**
TotAl 10m . - . .
Totnl 1B95. — .
........
$ 8,000
$9,075
g a n k iu g
h ttd
175
_____
a 7 Ac 21) P I N E S T R E E T ,
65 S la te S tr e e t, A l b a n y ,
$10,177
$250,8311
$31,143
11.872,735
1,487,731
26,874,903
217,889
#285,999
12,586,280
758,457
6,080
3,092
Bid.
Peoples* (Jersey C ity )...
W illiam aonrg 1st 6 e .. .. .
FnitfOn M unicipal 0 a ..—.
E qiiIt a b le ......................
75
103
Bonds. 6s, 1 8 9 9 .............
at. P au l......... ..............
Bonds, 5 s...................... . .
235 Standard pref....... ............
om m on....,
105 V C
_______________
77 W estern G a s..—.
Bonds, 6 s.....................
96%'i
BANKERS,
Sitice Jan. 1.
11,706
$210,300
GAS C O M PA N IE S.
92
Spencer Tr as k & C o . ,
10
170,634
17,806
67,350
14,010
48,441
•0*000
511,000
03,200
Week.
B. K. B. A B at’w—Stk.
Quotations,
Bid. Ask.
Im port*.
Since J a n .l.
Quotations.
1st, gold, 5s, 1932.JAB
Scrip ...... ............. .
EighthAvenue—Stock.
Scrip, 08, a914......... .
42dA Cr.Sfc. Fer.-Stcck
42dSt. Man. A St,N. Av.
1st mort. 0s, 1910.MAS
2dmort, income 08.JAJ
Lex.Ave.APav.Ferry 5s.
Metropolitan Traction...
Ninth Avenae—Stook...
Second Avenne—Stock..
l8fcmort.,5s, 1909,MAN
Behentnre5s, 1909.J&J
Sixth Avenne—Stock....
Third Avenue—Stock..
1st mort., 6s, 1937.JAJ
Twenty-Third St.—St’k.
Deh. 5s, 1903...
Union By—Stock
1st 5s, 1942..........
Westohest’r, lat,gn.,5a.
klyn Union Q as-Stook.
Sonde....... ................... . . .
n tr a l... . . . . . . — . . . . . . . .
nsumera' (Jersey City).
3onde........ . . . . . . . . . . . . . .
raey C ity A H oboken.,
jtropolitan—B onds. . . . .
it-nai (N . Y . ....................
i . A E ast B iv. 1st 5a..
Preferred......................
Common............................
7onsoL 5 « ................ . . . . .
18M a n d 1 8 0 8 !
a t r o u r * *m> iMPoarn o r upkoib a t Ngw t o e k .
Wmk,
D.
Gas S e c u ritie s —Brokers’
18shown the exports and imports of specie
at till- P>rt of New York for the weekending Feb, 13 and
llnce January 1, 1897, and for the corresponding periods in
Sold.
B on d s.
$ '0 0 H arlem Club o f N . Y. C.
2d 5 s ...............
................... 61%
$10,000 Rioh A West P. Ter.
Rv. & W. H. Co cons. 1st
ool. trust *s. Trust roc'pts 227g
$3,000 Edison Ilium Co. of
8t. L 1st 6s. Feb., 'MT.ooup. 50
$20,000 Ionia St LansingSK.
1st Ext, 5s, 1899. J&J.973i&liit.
C ity R a ilr o a d S e c u ritie s — Brokers’
$20,410,430
36,514,583
1897.
•3,185.910)
7,585,040 j
103 Continental Nat'l Bank
135i>8 to 1 36
25 Franklia Tr. Co.. B'klyo 212
22 Central Park, North &
E ast R iver RR ..............164
10 Eagle Fire Go ....... ........ 218%
33 Oriental Bank .......... 1 8 2 s.
72 Arner. F,t, Nat.Bank____17438
5 Title Guar. & Trust 0 0 .-2 7 0 %
6%
Co of Spokane.........$500 lo t
31 Consol. Eleo. Storage Co. 1
2PostalTe!eg .fcCLbleCo. 96%
16 Meehan, Nat'l B’k, N. Y 189%
43 Elect. Selector ifc Signal
Co., common..
.*2 9 lot.
28 Elect. Selector <h Signal
Co., preferred
___$20 lot
40 Pheuix Nnt’l Bank........... 107 ■e
30 Importers' & Traders’
Nat’l Bank ........ 53t%-332<4
100 Gallatin Nat'l Bank....... 310
100 United N, J. SB. & Canal
CO...................................... 246
50 ST. Y, Advertising Sign
Co., prel’d....................... 1
$7,762,068
F or te£t.k<
TOUl . . . . . .
Sine*. Jan. 1
C o ...........................
...
4 0 0 W a s h in g t o n W a t e r P o w e r
$14,-64,713 $10,523,168
41,126,5131 40,743,096
FORWOS IMPOSTS AT NEW YORK.
S h a res,
S h a res.
370 Barney Dumping Boat
S le e k . S t . A F u l.F .—S tk .
1 s t in e r t., 7 s, 1 9 0 0 . J A t
B r o o k ly n B a p M T ran sit..
B ’ w a y A 7 t h A v e .—S t o c k .
1 s t m o r t .,5 8 ,1 9 0 4 .J A D
2 d m o r t., 5s, 1 9 U . J A J
B ’ w a y 1s t, 5s, g u a r. 1924
2 d 5 M n t .a a renfcT .1905
C o n s o l. 5a, 1 9 4 3 .. . J A B
B r o o k ly n C ity —S t o c k , .. .
C o n s o l. 5a, 1 9 4 1 ... JTA J
B k ly n .C ro 8 8 t,n 5 s .I 9 0 8
B k r n .Q ’ n s C o .A S n b .la t
B k ly n .O .& N ’ w t ’ w n - S t k
5s, 1 9 3 9 — . . .....................
C e n tr a l C r o a s to w n —S t k .
1 s t M ,, 0s. 1 9 2 2 ...M A N
C e n .P k . N. A E .B i v . —Stk.
C o n s o l. 7a, 1 9 0 2 ...J A B
O o ln m lm s & 9 th A v e . 5 s .
O h rist’p ’r A lO t h s t - S t k .
1 s t m o r t.,1 8 9 8 . . . A & O
Imposts and Exports for the Week.—The following are
the import.- at New York for the week ending for dry goods
Feb, if and for the week ending for general merchandise
h'i b, l ; also totals since the beginning of the first week in
January,
D ry jctto a n .....
G en'! tner'dliw
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auotioD:
By Messrs. Adrian H. Muller & Son:
I N V E S T M E N T
NEW
YORK.
S E C U R I T I E S .
At.ilX 1VDSK M, WUITK. JB
0BOROB tlAKOLA V MoVPAT.
M o f f a t
& W
h i t e
,
bankers ,
30
P I N E S T R E E T
-
N E W
INVESTMENT SECURITIES.
Y O R K
THE CHRONICLE.
F e b r u a r y 20, 1897. J
%lit j a n k e r s ' iSa^ette.
D I M I ) E M
P er
Cent.
S am e o f C om p a ny.
R a ilr o a d s (S te a m ).
Chic. B url. & Q uincy (q u a r.)........
D e l. <fc Bound B rook , era. (quar.).
F o rt W ayne A J a c k so n , p r e f........
M exican N orthern (quar ) .............
F ir e lu s u r a ii je .
G lob e. . . .
........... - .................
T lts c e lla n e e u * .
B rook lyn W harf & W arehouse,
pref. “ A” (a n n u a l)................. —
L o u isv ille B rid g e...............................
N a tio n a l L ead. pref. (q u a r.). ...
S tillw ell-P ierce & Sm ith-V aile
pref (quar.)............ .......................
W elsbach C om m ercial, pr’f. (qu.)
US,
W hen
Payable.
B o o k s closed.
(D a ys in clu siv e.)
1
2
24,
1
Mar.
Feb.
Mar.
Mar.
15 F eb . 22
20
1 F e b .24
2 Feb. 20
to Feb. 2 7
to
to Meta. 1
to Mch. 2
3
Feb.
26
to
6
4
1%
Mar.
Feo.
Mar.
1 Feb 26 to F eb. 23
15 Feb. 1 to F e b . 15
15 F e b .25 to Mch. 15
2
2
Vlar.
Mar.
1 Feb. 21 to F e b . 28
10 Feb. 28 to M ch. 10
W A L L ST R E E T , F R ID A Y , F E B . 19 , 1 S 9 T -3 P . M.
The Money Market and Financial Situation.—The dis
turbed relations existing between Greece and Turkey, which
unsettled the European markets on Monday, was used by the
bear element in W all Street with but little effect, and aside
from some depression in coal securities there have been no
unfavorable developments of importance during the week.
The coal trade on both sides of the Alleghenys has been in
an unsatisfactory condition for so long that even the strong
est coal-carrying roads are affected by the results. A sharp
decline in Lehigh Valley securities in the Philadelphia
market was followed by another heavy drop in Hocking
Valley bonds and shares on the New York Stock Exchange.
There are, however, several favorable features o f the gen
eral situation which although not likely to be radical in
immediate results are nevertheless worthy o f note. One of
the most important of these is the improvement in the iron
and steel industries, as the orders which have already been
placed for steel rails insure activity in that branch for some
time to come. There are also reports from different parts of
the country that various manufacturing establishments are
increasing the number of hands employed, and a larger
number of railway traffic reports now make a favorable
showing.
The statistics of the foreign trade o f the United States for
the month of January compiled by the Treasury Department
are very satisfactory when compared with those for the
corresponding month of previous years.
In tne money market there is reported to be an increase in
the offerings of commercial paper, and this is regarded by
bankers as indicating a revival of activity in commercial
circles. This increase, however, is not sufficient to cause
any advance in rates.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1}£ to 2 per
oent. To-day’s rates on call were 1)4 to 2 per cent. Prime
commercial paper is quoted at 8 to 4 per oent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £779,803, and the percent
age of reserve to liabilities was 53‘76, against 53’42 last
week ; the discount rate remains unchanged at 3 per cent.
The Bank of France shows an inorease of 4,560,000 francs in
gold and 2,008.000 francs in silver.
The New York City Clearing-House banks in their statement
of Feb. 13 showed a deorease in the reserve held of $3,123,500
and a surplus over the required reserve of $51,638,225, against
$54,540,050 the previous week.
18 9 7 .
Feb. 13.
D iffe rin 'tir o m
P rev . w eek.
C a p it a l................. 5 9 ,7 7 2 ,7 0 0
S u r p lu s ................. 7 4 ,8 8 8 ,1 0 0
L o a n s A dlso’n ts. 5 0 0 .3 6 7 ,7 0 0 Inc 2 ,8 5 4 .1 0 0
C ir c u la tio n .......... S 1 6 ,7 2 3 ,5 0 0 D eo
6 4 ,0 0 0
N e t d e p o s its ........ i5 6 8 ,0 7 3 ,1 0 0 Deo, 8 8 6 ,7 0 0
S p e c ie ..................... 1 8 0 ,1 9 2 .5 0 0 I n c . 6 3 3 ,0 0 0
L egal te n d e r s ___ 1 1 3 ,4 6 4 ,5 0 0 'D e c. 3 .7 5 6 .5 0 0
R e se r v e held____ 1 9 3 ,6 5 7 ,0 0 0 ! Deo. 3 .1 2 3 .5 0 0
L eg a l r e s e r v e ___ 142 ,0 1 8 ,7 7 5 : Dec. 2 2 1 ,6 7 5
S u rp lu s r ese rv e
5 1 ,6 3 8 ,2 2 5 !D e c .2 ,9 0 1 ,8 2 3
1896
15.
Feb.
1895.
Feb. 16.
i
6 1 .1 2 2 .7 0 0 6 1 .6 2 2 .7 0 0
7 3 ,0 1 7 ,1 0 0 7 2 ,0 2 8 ,2 0 0
4 5 1 .7 4 3 .1 0 0 4 8 3 ,3 8 2 ,0 0 0
1 3 .2 0 6 .4 0 0 1 1 .6 4 1 .7 0 0
4 9 3 ,0 3 2 ,9 0 0 1532,234,700
7 0 .3 6 8 .4 0 0 8 1 .4 2 2 .7 0 0
8 9 .7 1 8 .7 0 0 8 5 ,1 4 9 ,4 0 0
1 6 0 .0 7 7 .1 0 0 1 6 6 ,5 7 2 ,1 0 0
1 2 3 ,2 5 8 ,2 2 5 1 3 3 ,0 5 8 ,6 7 5
3 6 ,8 1 8 ,8 7 5
3 3 ,5 1 3 ,4 2 5
Foreign Exchange.—The foreign exohange market has been
dull but generally tirm, and rates are a fraction higher than
our last quotations. The offerings, which were limited,
have been readily absorbed at current rates.
,
To-day’s actual rates of exohange were as follows: Bankers
sixty days’ sterling, 4 8534 8 5 ^ ; demand, 4 87@4 87^;
oables, 4 87}*@4 87}*.
Posted rates of leading bankers follow:
F eb ru a ry 19.
Prim e ban kers’ s te rlin g b ills on L o n d o n ..
rrlm e com m ercial___
D ocum entary com m ercial..............................
P u la b a n k ers’ (fra n cs)....................................
A m sterdam (guilders) b a n k ers...................
F r a n k fo r t or B rem en (rei oh m arks) b’kers
S ixty D a ys.
D em a n d .
4 85>a®4 86 4 87% ® 4 88
4 84% ® 4 844,
4 834»®4 8 4 4 ,
5 1 8 l i l g ® 18% 5 1 8 ia w ® 1 6 78
4 0 1<l®40&ia
401j(j® 4016
95% '®957is
95 ® 9 5 1 lfl
361
The following were the rates of domestio exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1-16 disoount, selling par ; Charleston, buying par, selling }*
premium ; New Orleans, bank, $1 00 premium ; commercial,
25c. per 81,000 discount; Chicago, 70o. per $1,000 disoount ;
St. Louis, 50o. per $1,000 discount bid, offered at 25c. dis
count.
United States Bonds.—The market for Government bonds
has been active and strong. Sales at the Board include $335,000 4s, coup., 1925, at 122}* to 122% ; $234,000 4s, reg.,1907,
at 111}* to 112; $50,000 4s, reg., 1925, at 122%; $82,000 4s,
coup., 1907, at 113 to 113}*; $70,000 5s, coup., at 113% to
113%; $1,000 currency 6s, 1899, at 106%. and $4,000 currency
6s, 1898, at 103%. The following are the closing quotations :
2s, — ................... reg.
4g, 1 9 0 7 ...............reg.
4s, 1 9 0 7 ............coup.
48, 1 9 2 5 . . . . . . . .r e g .
4s, 1 9 2 5 ........... ooup.
5 s, 1 9 0 4 ...............reg.
5 s, 1 9 0 4 ............oonp.
6 s, o a r ’o y ,’9 8 ...r e g .
6s, o a r ’o y .’9 9 .. .reg.
4s, (C h er.)1897.reg.
4 s, (C h er.)1898.reg.
4 s, (C b e r .)1 8 9 9 .r e g .
In terest
P erio d s
Feb.
F eb.
Feb.
Feb
F eb
Feb.
13.
15.
16.
17.
18
19.
Q.-M ch.
Q—J a n .
Q .-J a n .
Q .-F e b .
Q .-F eb .
(3 .-F eb .
Q .-F e b .
j. « j.
J.
J.
M aroh.
M arch.
M aroh.
* 95%
*111%
'112%
*12214
122%
*11338
*11338
*103%
* 1 0 6 1*
*104
*104
*104
* 95% * 95
111% 111%
*11234 113%
*12214 *122%
122% 122%
*113% •11339
113% 1135a
*103% 103%
*106% 106%
*103% *103%
*104 *104
*1C4 *104
* 95%
111%
*113
*122%
122%
*113%
113%
*103%
*106%
*103%
*104
*104
* 95% * 95%
1 1 1 % 11 2
*113
11 3
122% * 1 2 2 %
122% 1 2 2 %
*113% *113%
*113% *113%
*103 s *10359
*106% *106%
*103% *103%
*104
*104
*104 *104
* T his Is tlie p rio e Did. a t tile m orn in g board, n o sale w a s m a in
United States Sub-Treasury.—The following tab!
g
the daily receipts and payments at the Sub-Treasury during
the week,
B a la n ces.
Date.
F eb .
•*
“
••
“
13
15
16
17
18
R eceip ts.
P aym en ts.
$
*
3 ,8 4 6 ,5 0 2
2 ,7 1 8 ,5 5 8
3 ,7 0 7 ,5 8 1
3 .9 6 7 ,2 5 5
4 ,4 0 1 ,1 0 9
4 ,6 8 7 ,4 0 4
“ 19
Total! 2 3 ,3 2 8 ,4 3 9
3 , 5 3 3 ,9 5 5
2 , 7 7 3 ,5 5 3
3 ,5 6 7 ,9 7 9
3 ,3 6 3 ,3 3 1
3 ,3 4 0 ,9 1 0
3 ,2 5 2 ,4 4 9
C oin.
C oin OerVs.
$
1 2 3 ,6 1 3 ,5 9 7
1 2 4 ,0 0 3 ,8 4 7
1 2 4 ,0 9 1 ,2 8 9
1 2 4 ,3 0 1 ,3 6 8
1 2 5 ,3 0 1 ,0 3 9
1 2 5 ,9 6 5 ,9 5 1
%
19,832.1771 .....................
C u rren cy
2 ,9 1 7 ,4 7 2
3 ,0 8 8 ,1 9 4
2 ,9 6 1 ,1 8 9
2 ,3 6 6 ,6 5 5
2 ,3 2 8 ,6 7 6
2 ,2 7 1 ,9 8 5
«
5 8 ,1 5 1 ,8 9 6
5 7 ,5 3 8 ,9 3 0
5 7 ,7 2 8 ,0 9 0
5 8 ,7 0 3 ,4 9 6
5 8 ,8 0 5 ,0 0 3
5 9 ,6 3 1 ,7 3 8
..................
.................
Coins.—Following are the current quotations in gold for
corns:
S o v e r eig n s............ $ 4 86
N a p o le o n s ............. 3 85
X X R elchm arka. 4 7 4
25 P e s e t a s ............. 4 7 7
Span. D o u b lo o n s.15 5 5
H e x D o u b lo o n s.15 5 0
F ine go ld b a r s ...
par
® $ 4 89
® 3 88
® 4 78
® 4 81
» 1 5 75
® 1 5 75
® % prem .
F in e s ilv e r b a r s ... — 6 4 7s® — 6 5 Ts
F iv e f r a n c s ............. — 9 3 ® — 95%
M ex ica n d o lla r s .. — 5 0 k ® — 5119
D o unoom ’o i a l . . ------- ® — —
P er u v ia n s o l s . . . . . — 4 5 k ® — 4 7 k
E n g lish s i l v e r . .. . 4 83 ® 4 8 7
U . 8. tr a d e d o lla r s — 6 5 ® — 75
State and Railroad Bonds.—Sales o f State bonds at th e
Board include 87,000 Virginia fund, debt 2-3s of 1991 at 62 to
62%, $5,000 Alabama class A at 106, $300 Tenn settle ment
3s at 72 and $2,000 Alabama class B at 105.
The market for railway bonds has been less conspicuous
than during several weeks previous, but is still prominent
for activity and strength. Changes in quotation s are gen
erally unimportant however, except in the case o f Hocking
Valley bonds, which have declined from 10 to 15 points in
anticipation of a possible default of interest due March 1,
and an advance o f over 2 points in Oregon Short Line.
The high-grade issues continue to be in demand and sales
during the week include those of Central o f New Jersey,
Rock Island, Chicago & Erie, North West, Milwaukee &
St. Paul, St. Paul Minn. & Maniioba Oregon Short Line,
Union Pacific, West Shore, Wabash, Richmond & Danville,
New York New Haven & Hartford, Lexington Ave & Pavonia Ferry and Brooklyn Union Gas. The most pronounced
activity, however, has been in the lower grade issues, in
cluding Atchison, Chesapeake & Ohio. Chicago & No. Pa
cific, Kansas Pacific, Missouri Kansas & Texas, New York
Ontario & Western, Northern Pacific, Reading, San Antonio
& Aransas Pass, Southern Railway and Texas & Pacific
bonds.
Railroad and Miscellaneous Stocks.—The stock market
has been somewhat irregular during the week, and prices for
different shares in the same group, although affected ch efly
by the same general influences, have moved in opposite di
rections. The coal stocks have been conspicuous. Lehigh
Valley declined several points on the Philadelphia Exchange.
Hocking Valley, moving in sympathy with the bonds, de
clined from 8% to 4%. This stock sold in November above
20. A considerable deoline in Central of New Jersey and
Reading is offset by a corresponding advance in Delaware &
Hudson and Lackawanna. Northern Paoific preferred has
been active on a rising market and Lake Shore sold to-day
at 158, the highest point in its history. Manhattan Elevated
has continued weak, selling down to 86% and closing at 87%.
The Trust stocks o f the miscellaneous list have been promi
nent on account of the Investigating Committee’s work, but
recovered a part of the decline noted last week. United
States Rubber preferred advanced 3% points and the common
1% points, American Tobacco 3% points and American
Sugar 2% points. Tenn. Coal, Iron & Railway and Colorado
Fuel & Iron each declined about 2 and 4 points respectively.
American Spirits has been in demand and the preferred
shares advanced 2% points, losing a part of the advance
to-day.
THE CHRONICLE.
362
[V ol. LX1V.
N$;w VOHK STOCK i:\m.KSSE-ACTIYE STOCKS for week ending FEB. 19, and since JAN. 1, 1897.
H tu nsarr a x d l o w e s t p r i c e s .
M & m lay*
lf*e*i*. ilk
14
St**
*%s
15%
<21
*55%
*44
07%
11%
U h
34% 21%
%
*%
10
15%
21
21
56% *01
*44
4-6
98%
13
it
$16%
14%
22 %
%
15%
21
48
8#%
11
•n
18%
i« %
162
im
74% 70% 74%
45
*42
4S
*42
ftsS
98
74% 75%
74% 7»%
§132% 133
132%
183%
i m * * 103%
Turn* lay.
M i . 10.
n%
•23
*%
15%
20%
*54
n%
98
tl
17
*182
74%
*42
*95
75%
132%
103%
r»*>. 17.
Tlmrs'lKy,
F,.li. i s .
Friday,
Fob. 19.
STOCKS.
A c tiv e H IS . S tu ck *.
11% 11% A tTop. A S.Fe, alllHatal. paid
11% 11%
U% U%
Ho
px-ef.
22% 28%
23% ass 22% 23%
*%
% Atlantic A Paolflo................
%
%*
'*•
Baltimore * Ohio.................
16
15% 15%: *15“ 15% *15
21% 21% Brooklyn Rapid Transit....
21 1 21% 21%
'.’ 1
50% Canadian Pacific..................
55 V *51
58% *51
Oauada Southern.................
11% •11%
14 % 11%
95% 97% Central of New Jersey.........
98% 98%I
„ .
11
11% Central Pacific .
11
*11 12
Chesapeake A Ohio..............
17 ! 16% 17 |16% 17
17
....... .$162 102
Chicago A Alton.......................
j§163 163 !' 162
74%: 73% 75 Chloago Burlington A Quincy
71% 75% 73% 45
74%
i*12
45 Chicago & Eastern Illinois...
•12
45
*17
IS
98 ! I*98
Ho
nref.
5
99 | *05
90
98
ij o
m et.
95
08
*85
5
%
76175%
75%
75%
757g
Chicago Milwaukee A 8t. Paul
76
*132% 133% *132% 133%
Ho
pref.
132% 1333i 133%
* ,1 I
1A t
lfl'3 X. 1A.i 1. C hi/ldiTA XT
101% 104 104%: 104 104 I 103% 104% Chlcajto A Northwestern.......
u%
23%
%
15%
20%
50
44%
00%
n%
17
Sales of
Range for year 1897.
the
i O n b o n is o f jo o -s/ ta rc lo ts .J
Weel.,
Shares.
Howest.
Highest.
8,085
16,610
1 ,2 0 0
1,152
“ 760
12,383
820
2,590
18
48,455
13% Jan.
21% Feb.
% J an.
1 4% ,Tan,
18% Jan.
84% Jan.
44% Jan.
»5 % Feb.
n
Feb,
16% Jan.
$162 Feb.
69% Jan.
8
15
22
22
7
25
13
19
IS
4
15
5
15% Fob.
25% Jau.
% Jan.
18 Jnn.
21% Feb.
56 J an.
46% Jun.
103% Jam
15 Jan.
18% Jan.
$107% Feb.
77% Jau.
1
30
14
8
11
8
19
19
6
18
4
18
tiM,
_
$95 Jan. 8 <96% Fob. 3
59,539 72% Jan. 5 77V Jam 18
1,008 131 Jam 6 133% Feb. 3
2,839 102% Jan. 2 105% Jam 18
io o 153 7 Sim 12 154 Jan. 29
10,862
Chicago
Rook
Island
A
Paetflo
66%
07%
66
66%
6tf
66%
00%
07
65% Feb. 15 70 Jan. 16
<sa% 00% H % 66%
1,784 47 .fun. 2 52% Jan. 18
18% 48 I 48% 43% 48% 49 Chicago St. Paul Minn. A Om.
48 % n>
i>%
47% 47% 47
Ho
pref.
133% Jan. 18 133% Jan. 18
131* *180 137 *130 137 1*1-9 137 '130 137 _
nm
lift n m
i j a i i 26% Feb. 10 30 Jan. 18
270. 27% 27
27 I *26% 27 Clovm amoim Ohio. A St. L...
26% 26%
5m% 28% 26%
.
73 Jan. 4 73% J an. 4
f
ft
ft
4%
5 Columbus Hooking VaLATol 13,705
5%
4% Feb. 18 18 Jan. 8
7
4%
7
5%
........
40
30
35
40 Jan. 21 46 Jan. 21
, ®o
pref
35
6,561 106% Jau. 27 121% Jau, 6
107 107% Delaware A Hudson................
108% 107% 107 107%
101% i m
3,053 151 Jan. 29 157% Jan. 18
152% 153% Delawat'eLaokawanna&West
153
IM
1AI% I M
l«W » 152% 152%
Denver A Rio Grande...........
40 12 Jail. 2 7 12% Jan. 19
10% 11%
1 1 % *10% 11% *11
11%
41 42 Jan. 21 43% Feb, 1
Ho
pref
$41%
41%
*40
11%
*41
•11% *41
§40
40
42%'
465 11% Feb. 18 15% Jan. 18
14% i s v ■ii% 15
14% 14% $14% 14% E rie................................. _____
$H % 14%
14%
208 33 Jan. 11 35% Jan. 18
*31
85
33% 33%
Ho
1st pref.
34
*33% 35
34
35
*34
102 19% Fell. 18 21 Jan. 15
L>o
2d pr©L
*1.8%
21 j 19% 19% $18% 18%
*19
27 $24% Feb. 13 §24% Fob, 13
31 i *25
31 Evansville A Terre Haute.. . .
a
31
31 | *25
*25
24%
2 120 Jau. 16 122 Feb. 5
*120 123
120 123 |'120 123 '$123 123 Great Nortttern, pref.. . .
m 1* 1.23 *120 V IS
*92
93 Illinois Central.. . .
139 92% Jau. 8 95 Jan. 22
93
93%
93
93%
*92
93 %i ‘ 91% 93
g
Iowa Central....................*1!!’ ’
285
*6%
7
6%
6%
*7
6% Jan. 27
*7
8
8 Jan. 16
8
8
*7
*2-1% 26 T
*24% 26
*24% 26
*24% 26
*24% 26
25 Jau. 4 27% Jan, 20
pref
*24% 2*3
750 16 Jan. 30 18% Jan. 18
*15% 17% k&keLjrie «fe Western... . . . . .
10
*16
17
10
16
*16
17
*15% 20
*68
104 87 Feb.
70%
*68
*68% 68%
70
§m
68
70% Jan. 20
87
63
1,624 152 Jan.
i l l * I5S% $152% 153
151% 154% *154% 155% *154% 155% 155% 158 Lake Shore <fcMich, Southern.
158 Feb. 19
176 42% Jan. 22 55 Jan. 8
50 Long Island...........
'45
48
*46
49 i $48% 48% *40
48
1-47
4.8
-19% Louisville Nashvlliell’ " ” '
16,270 47% Jan, 5 52% Jan. 19
49
49% 50% 49
49% 49
5#
48% 49% 49% 50
% Jan. 11
% Lonisv. New Albany & Ohio.
% Jan. 11
% *.........
% * ........
%
% *..........
% '........
Do
pref
$1% Jan, 4 $1% Jan. 4
86% 88 Manhattan Elevated,oonsol. * 47,694 86% Feb. 16 94 Jan. 18
86% 88
88% 87% 86% 87%
88% 00% 88% 88%
820 106 Feb. 3 5 110% Jau. 5
106 106 *106% 108
106% 107% •107 108 ‘ 100% 108 Metropolitan Traction.
108 108
Michigan Central.. . .
13 90 Jan. 28 91 Jan. 12
90
$90
90% $90
100 19 Jan. 6 19% Jan. 29
*18%
20
Minneapolis
A
St.Louim“
;
"
*18%
20
19
20
19
*18%
20
*18%
20
*18%
$78
78
75 78 Jan. 16 79% Jan. 18
80
*77
*77
80
*78
80
90
Ho
lBtpref.
*77
80
46% 46%
2 00 46% Feb. 19 48 Jan. 30
*46% 48
*46% 48
*47
49
*40% 48
Ho
2 a pref.
*19% 49
*13
13% MlssourlKansaa A Texas___
13
13
1,075 12% Feb. 15 14% Jan. 18
13
13
*12% 13%
13% 13%
12% 13
29%
30%
7,415
38% 28%
Ho
pref
29
29%
28%
29
29%
16%
29% 30
20% Fetl. 15 31% Jan. 18
15,472 19% Fob. 18 24% Jan. 18
19% 20
21% 21% 20% 21% 21% 21%
19% 20% Missouri Paolflo..............
19% 21%
Mobile
AOhio.________
_*_*“
'
*22
*20
22%
20
0
20%
“20
*20%
22%
22%
23
20% Feb. 13 22% Jan. 1 2
*21
23
•2
QH
10 $70 Jan. 25 $70 Jan, 25
§70
70
Naahv.ChattanoogaAbtiiionlB
37 *
37 *
37
....... 37
....... 37 New England,
....... 37
§S&
93
93% 93%
rkO
93% 93%
Central A Hudson
3,182 92% Feb. 18 95 Jan. 19
92% 93% 92% 92% 92% 92% New York
* ii
12% * u
12% •11
13
12 New YorkOhioago A St. Louis
Feb. 11 12% Jan. 18
1 0 0 11
11
12
11% 11% 1*11
*55
70
•m
70 *
70
....... 70 * ....... 70
70 Jan. 22 70 Jan. 22
....... 70
Ho
1st pref.
*231
23
26
24
24
27
*23
28
*23 % 27% *23
27
Ho
2d pref100 24 Feb. 10 27 Jan. 7
*166 170 $160% 167 $170 172% $170 172 $175 175 jl7 4 174 NewYorkNewHavenAHart.
614 160 Feb, 2 $178 Jan. 4
14% 14
14% 14% 11% 14%
14% 14% New York Ontario A Western.
1,925 14% Jan. 12 15% Jan. 18
14% 14% *14% 14%
*9
*9
9%! $9%
*"•
9
9
9
9 New York Susa. A West,, new.
9% Jan. 18
9%
9%
8 Jan. 2 2
$9
9
750
25% 26% 25% 25%i 25% 25% *25% 26%, 24% 25
Ho
pref.
2,350 22% Jan. 25 26% Jan. 18
*24
25
*11% 11%; u% it%; *11% 11% *11% 12
*11% 11% *11% 11% Norf. A Western,all instaf. nd................ §11% Jan. 18 §11% Jan. 18
*18% 17%; *10% 17
17
17
17
17
*16
17
17
17
Do pref.,tr.otfs.alHns.pd,
500 17 Feb. 16 18% Jan, 30
14%
13% 14
14% 14%
14% 14%
14
14% 14% Nor. Paoiio Ry.voting tr.otfs.
14% 14%
2,678 13 Jan. 23 16% Feb, 1
36% 37%; 36% 37% 37% 37%
Ho
* pref. 29,897 32% Jan. 5 38% Feb. 6
37% 38% 37% 38% 37% 38
*14
24 | ■14
*14
*14
24 , *14
24 Or. BR. A Nav.Co. vot.tr.ctfs.
24
24
24
§15 Jan. 15 $17% Jan. 18
*U
43% 43% *43
42% 42%
*42
44
45
44
470 37% Jan. S 45% Feb. 3
Do pref., r o t . trust.otfs.
$41% •11% *42
24% 24%
24% Phlla. A Reading all Inst, pd 40,410 23% Feb. 15 28% Jan. 18
23% 24%! 24% 25%
21% 25V
23% 24% 24
*13% 13% 13% 13% $12% 12%
14
*13
13% 13% *13
250 12% Jan. 11 1* Jan. 21
13% Pittsburg Oinn, Ohio. A St. L .
*43
52
*48
■«
52
*48
*48
52 *........ 51
52 1 *48
50 Feb. 1 50 Feb. 1
52
Do
pref.
Rio Grande Western.............. .
*117 118 *110 118 *117 118
‘ 117% 118 *117 118 *117% 118 Rome Watertown A Ogdensb.
40 $117 Jan. 26 $119 Jan. 18
*55
62 ‘ *58
*56
61 ! *56
60 ; ‘ 58
60
61
*58
61 St. Lonia Alt. A T. H.,tr.reots
5%
5%:
5%
4%
5%
5V
5%
6%
5%
2,077
4 % Jan. 25
5%
5% St. L. A San Fr., vot. tr. otfs.
5% Feb 4
40
*38
*38
39%; 39% 39%; 39% ■10 *39 40 «*38% 40
Do
1st pref.
506 37 Jan. 29 40 Feb, 3
14% 1 4V 15
14% I f
15
15%
15% 15%
15
12%
Jan. 27 16 Feb. 3
Ho
2d pref.
1,060
14% 14%
*3%
*3%
4 f
3%
*3%
*3%
3%
3%
4
*3V
4% Jan. 18
4
4 St. Louis Southwestern...........
400
3% Feb. 6
*8% 11%
10% 11
10% 10%
10
10% 10%
10
10% 10%
Ho
pref. 1,033 10 J an. 6 11% Jan, 18
*20
as ; *20 23 ] 2 0 2 0 *18 2L *18 21 *18 21 8t. Paul
A D u lu th ....,______ _
1 0 0 20 Jan. 4 22% Jan, 13
*85
90 ; *85 90 *85 90 *85 90 *85 90
90 , *85
Do
pref.
. .>87 Feb. 3 $87 Feb. 3
*114 118
116 116
116% 117 I 116 116% ‘ 114 117 *114 117 St. Paul Minn. A Manitoba.. .
782 114 Jan. 28 117 Feb. 16
15%
*18
15
15% 15%
15%
15% 15%
1,771 13% Jan. 13 15% Jan. 18
15V 15% 15% 15% Bouthern Paolflo Co.................
;8
9%
0%
o%:
9
9 9 Southern,VOting truBt. oertlf. 3,487 9 Feb. 11 10 Jan. 16
9%
»
9
9%
27% 27% US 27% 25
28%. 28
28% 27% 27% 27% 28% Do pref., voting trust, oert.
7,550 26 Jan. 4 29% Jan. 19
;* b %
9%
•9%
9%
9%
9%
«%
9%
9%
9%
*9
9% Texas A Paolflo.........................
345
8% Jau. 2 10% Jan. 18
7
7 :
7
7
7
7
7
0%
7%;
7
6% Jan. 11 10 J an. 5
7% Unlon Paolflo trust receipts..
2,949
7%
*1%
2%
*1% 2% Union Paolflo Denver A Gulf................ 2 Jau. 29 2% Jam 6
2%: *1%
*1%
2%
* l 7g 2% *1%
2%
0%
«%
*6
6%
6%
*6
e v W abash.......... .. .......................
720
*e%
7% Jan. 16
6% Jan. 4
8%
6%
6%
6%
*15% 16 t 15% 15%
15% 18% *18
16% *15% 16%' 157,
5%
Ho
pref.
2,020 15% Jan. 4 17% Jan. 18
12
2%
2 !
2%
2
6% Jau. 2
1 Feb. 19
1%
l
1 % Wheeling A Lake Erie.............
5.461
178 2
1%
|
l *9% u
j i%
8%
*9% u
7%
9%j 6
6 Feb. 19 29 Jan. 5
*9% 11
7%
Do
pref.
1,720
2%
*2
2%
2% Jam 6
2% Jan. 6
2%i *2
2% Wiso. Oen. Oo., voting tr. etts.
iH l*e ella n e o n » S to c k s .
12
n % 11% • a
12 *11 12% ♦11 12 American
•a
12% *11
Cotton Oil Oo.........
236 11% Feb. 13 14% Jan 16
354
54
*52% m
52% 52%
54
54
*53
05
*53
55
Do
pref.
360 52% Feb, 16 56% Jun. 19
12% 13%
13% 13%
12% 13
13% 13%! 13% 14% 18% 14 Amerloan Spirits Mfg. Oo___ 17,085 11% Jail. 5 14% Jan, 9
m
32
30% 31%
32
32%
32% 82%: 33
33% 32
28 Jan. 5 33% Feb. [8
33
Do
pref.
6,251
110 % u s
110% 112
111% 114% 113% 114% 113% 114% 113% 114%
.14% Amerloan Sugar Refining Co. 196,993 110 Jan. 5 118% Jan. 19
101% 10»
101% 102
102% 103
103 103
102% 103
102% 102%
Do
“
pref.
1,832 100% Jan. 7 103%,Tan. 27
88% 09% 67%
0$
69%
69
72%
*a v71x 72% 71 72% Amerloan Tobaooo O o ........... 63,416 67% Fob. 15 79% Jau 14
*109
102 *100 104 $101% 101% 101 101 *100% 105
Do
pref.
115 100 Feb. 11 1 0 6 % Jam 14
ni
ti
*11% 12
U % 11% ‘ 11
11 %| *11
11% *11 11% Ray State G a s ..........................
100 10% Feb. 4 13% Jan. 6
7*i
77
76% 70%
7ft
75% 77
76% 77
76% 76%
76% 76% Chicago Gas Co., oerts. of dep. 19,335 73% Jan. 5 79% Jan. 18
147 147 *140 149
148 150% 130% 1517*! 150 150
149
149 Consolidated Gas Company..
2,925 136% Jan. 2 151% Feb 17
34% 34%
33% 34%
34% 34%
34% 35%! 34% 35
84
34% General EleotrieOo................. 11,696 32% J »n. 11 36% Feb. 2
at
22%
22
22% 21% 22%
22
22%; 22% 22% $22
21% Feb. 16 26% Jan. 19
22
National
Lead
Oo......................
2,877
§0% m %
§8% 8S% 80
89
$89% 90%
91
91
91
91%
Do
pref. 1,084 88% Feb. 13 91% Feb. 19
*4%
*4%
4%
*4%
4%
i\
4%
4%
4%
4%
•5 Jam 18
4% Feb. 17
4%
4% North Amerloan C o ................
1,135
24% m
24% 25%
25% 25%
25% 25%
24% 25% Paolflo Mail...............................
3,105 24 Jan. 9 26% Jan. 18
T.-.irT * w
*m n
*m
| *98
wa
ol "ij ., ,.,
*91%
*
9
2
%
........
Pipe
Line
Certificates.............................
155 155 $155 i m
*154 156 '155% 15H >164 156
154
156 Pullman Palaoe Oar Company
239 152 Jan. 2 159% Jam 18
*64% m
61%
84% 04%, *64% 05% ‘64% 05
*64% 65% Silver Bullion Certificates.... 14,000 04% Fob. 15 65% Jan. 27
10% 10%
9%
9%
10
10
10% 10%
49% 10
9% Feb. 15 11% Jan. 19
9%
9%
Standard
Rope
A
Twine.........
1,971
5MJ%
27%
M
2fi% 27%; 27
26% 27
20% 27% Tennessee Coal Iron A R R ... 24,124 25 Feb. 15 31 Jan. 18
7%l
7%
7%
7%.
7%
7%;
8
8
8 |
8%
9% Jan. 19
7% Feb. 13
8
8
United
States
Leather
Oo........
3,131
m
58%; A4
56% m n 66%: 50% r.7%; 55% 57
56% 58%
Do
pref, 54,486 54 Feb. 13 64 Jan. 19
10% 19 j 18% 39%: w
20
20
20%j 20% 20%
^
20% 20% United States Rubber Co.......
3,835 18% Feb. 11 25% J an. 19
\m
m
69%
69% 70%
70% 71%! 71% 71% *70% 73
Do
pref. 1,733 07% Feb. 11 76% Jam S
82% H*%<
m ui
**1
62%i .81% 82
81% 82% 81% 82% Western Union Telegraph___ 21,524 81 Feb. 16 86 Jan. 18
* The*# * « bid »’,•! .i.cvt; no *#Je made.
$He«s than loo shares.
THE CHRONICLE.
F e b r u a r y 20, 189?.]
363
NEW YORK STOCK EXCHANGE PRICES (Continued )—IN A C T IV E STOOKS.
I na c t iv e s t o c k s .
f indicates unlisted.
R a n g e (sa les) m 1 8 9 7 .
Feb. 19.
Bid.
Ask.
R a ilr o a d S to c k s.
A lbany & Susquehanna......... —100 170
9
10
Ann A rbor.................................... 100
24
26
Preferred------ ------100
U i 7e 12
Atoh. T od. & Santa F e ................
Boston & N. Y. A ir l i n e p ref ..1 0 0 H»4 106
20
18
Buffalo R ochester & P ittsbu rg. 100
65
P referred......... - ................. — 100
76
71
Bnrl. Cedar R apids & Nor......... 100
Chicago Great W estern— ..............
Clev. Lorain & Wheel, p re f.......100 135
Cleveland & P ittsbn rg............... 50 1 6 5 b
9
8
Oes Moines & F oi D od g e------- 100
56
Preferred................. . . .........
4
3*4
18
45
37
30
4%
D
2
12
P referred.
1
164
.....
60
Morris A E ssex.
M Y. Lack. <Ss W<
Rensselaer & S aratoga.—
Bio Grande Western p ref.
L ow est.
170
9
23
11^
105
20*4
58
72
4b
40
166
8b
3 34 J an.
8 J an.
3 9 b J an.
3 b Jan.
8 Jan.
4 0 b Jan.
30
30
40
50
5
7
4
13b
J an.
....
4b
6
3
27
8
lb
15
163
b
1664
119
70
Jan.
___
5
Jan.
F eb
6
Jan.
3
J an.
28 b
Jan.
8b
J an.
i b
Feb. 1 6 7
Jan. 121
.Tan.
Feb.
J an.
Jan.
J an.
J an.
J an.
J an.
2 b Feb.
2 b Jan.
2
24
4
3 b Feb.
3 b Feb.
8
163
170 163 F eb . 1 6 8 Feb.
ITS 186 1 8 0 J a n . 185 JaD.
_____
40 Feb.
4 0 b Feb.
15
25
50
75
....
54
....
1 ..........
» No price F rid a y ; latest price th is w eek .
Feb.
I nactive Stocks .
ft Indioates unlisted.
H ighest.
Feb. 1 7 0 Feb.
Jan.
1 0 b Jan.
Jan.
2 7 Jan.
Feb.
12 b Feb.
J a n . 105 J a n .
2 2 b Jan.
Jan.
Jan.
58 Jan.
Feb.
7 2 Feb.
5 Jan.
Jan.
Feb.
40 * e b .
Feb. 1 6 8 b Jan.
8% Feb.
Jan.
(% Indicates actual sales.)
Bid.
19.
R a n g e (sa les) i n 18 9 7 .
Ask.
L ow est.
M is c e lla n e o u s S to c k s .
Adam s E xpress....................
American B ank N ote Co I f .
148 1 50
1 4 7 b Feb.
44
45
105 119
125 Ja n .
\oo 1 1 0 b 113
109 b Ja n .
.1 0 0
85
90
8 5 b Jan.
190
8 5 Jan.
.1 0 0
% Jan.
%
4
.1 0 0
.1 0 0
b Jan .
14
.1 0 0 ! 2 0 4
2 0 b Feb.
90
.1 0 0
P r e fe r r e d .
.1 0 0
3%
4
4 Jan .
.
.1 0 0 150 1 75
33
40
35 Feb.
.1 0 0
1 04 1 0 5 4 1 0 1 b J a n .
Edison Eleo. 111. o f N . Y .
.1 0 0
97 F eb.
.1 0 0
.1 0 0 134
3 1 b Jan .
.1 0 0
22
23
2 2 b Jan .
.1 0 0
70
75
7 1 4 Feb.
40
60
_____ 1 2 Jan.
M iohigan -P em n sular C ar Co. .1 0 0
.1 0 0
.1 0 0 J42
4 2 Feb.
1 3 4 14
1 3 b Feb.
4
7
.1 0 0
5 Jan.
5b
5 Jan.
64
KMI
10
12
1 0 b Jan.
.100
. 5 0 315
.1 0 0
1
3
l b Jan.
.1 0 0
.1 0 0 107 1 0 8 b 102 Jan .
.1 0 0
7 0 Jan.
.1 0 0
35
40
3 7 Feb.
IOC
101
99
9 7 Jan .
H igh est .
1 55
Jan .
1 25
112
91b
91
b
Ja n .
F e b .l
Jan .
Jan.
Jan.
1
27
75
4b
Jan.
Jan.
Feb
Jan.
3 7 b Jan.
1 0 5 b Feb.
98 F eb .
42
Jan.
25
75
Jan .
Jan.
12
Jan .
51
15
5
5
10b
Ja n .
Jan.
Jan.
Jan.
Jan .
1 % Jan .
l i b Jan .
1 08 F eb .
40
100
Jan.
Jan.
J A otu al sa le s .
NEW YORK STOCK EXCHANGE PRICES.—S T A T E BONDS F E B R U A R Y 19.
SE O U B IT IE B .
Bid.
Alabama—Class A , 4 to 5 .....1 9 0 6 106
Class B , 5 s ......... - ..................1906 106
98
Class C, 4 s ............................... 1906
98
Oorrenoy funding 4 e .............1920
Arkansas—6B .fund.Hol.1899-1900
d o. N on-H olford
Ts, A rkansas Central R R ___ ...
Louisiana—7 s, c o n s ---------------i9 1 4
Stamped 4 s ............ ....................
New oonols. 4 s................
1914 9 5 b
SECU RITIES.
Ask.
A sk.
SECURITIES.
Missouri—F und......... ..1 8 9 4 1 8 9 5
North Carolina—6s, o ld .......... J&J
......... .......... Tennessee—6s, o ld .........1892-1898
6s. new b o n d s ......... 1892-8*1900
101
New bonds, J & J .........1892-1808
Com prom ise, 3-4-5 6 s......... 1912
38.............................................. 1913
100
Consolidated 4 s .................... 1910 101
6 s .............................................. 1919 122
B ooth Carolina—4 4 s , 20 -40.. 1933 106
6s. non-fund ..... ....................1888
New York City Bank Statement for the week ending
Feb. 13, 1897. W e omit two ciphers fOOJ in all cases.
B asks
( 0 0 s om itted .)
Bid.
1< 7
107
do
Bid.
A sk .
77
80
4 b s ...................1913
Virginia funded debt, 2-3B ...1991
6e, deferred t ’st reo’ts, stam ped .
6 l 78 6 2 4
64
New York City, Boston and P hiladelphia B a n k s:;
CapitalA
Surplus. Loans. Specie. ' Legal*. DepositsJ CHrcfVn
Ba n k s .
\C a p ita l S u rp l's L o a n s.
Specie.
Bank of New York. $ 2 ,0 0 0 ,0 $1,,916,0 $ 12 ,910 ,0 $2,280,0
Manhattan Co.......... 2 .050.0 2,,146,2 13.027.0 2 ,7 0 7 ,0 1
Merchants’ ............... 2,000,0
,048,2 10,669.7 2,8 0 0 ,0
8.558.0 1,13 3,0'
Mechanics’ .............. 2.000,0
,209,4
.r,os.4 18,800,5, 2,368,0
A m erica.................. 1.500.0
4 .0 3 8 .0
280.0
Phenlx....................
1,000,0
361.9
City.......................... 1,000,0
,582,3 26,119,2 5,881,4
2,522,81
213,4!
Tradesmen’ s............
80,5'
750.0
Chemical...............
300.0
.381,7 24,314.0, 4,258,0
Merchants’ Exch’ge
4 .508.5
783,5
185.9
600.0
Gallatin.................... 1,000,0
575.0
5.962.6
,648.0
Butchers’ A Drov’rs’
102.3
1.201.0
300,0,
209.8
280.0
Me hanlcs’ A Trad’s
400,0;
2.020.0
278,6
102.3
Greenwich...............
915,5
158.4
200,0;
303.4
Leather Mannfao'rs.
2.940.3
495.9
600,0!
Seventh....................
1.586.9
252.4
3 0 0 ,0 1 105,4'
8tateof New York. 1,200,0)
156,0,
3,241,5
500.9
American Exchange 5.000.
23.750.0 1.757.0
,482,1
0
Commerce................ 5.000.
0 3, 22.536.5 2,143,7
,672,8
Broadway................. 1.000. 0 1,,665,5
709,9
6.093.3
809.0
1,000,0 1,,000,0
7.682.7
408.3
Pacific......................
2.519.9
422 ,7
482.5
Republic— ............ 1.500.0
938 .6 12.040.1 2.483,2
5 65 ,6
Chatham..................
980 .3
5.994.0
450,0;
Peoples*. .................
1.691.1
232.3
200,0
235.7
865.0
North America........
5.959.9
700, Oi
593.0
Hanover.................. 1,000,0
,063,3 17.035.6 5,237.5
3.016.0
230.3
I r v in g ......................
355.6
500.0
2.692.2
487.3
Citizens’ ..................
413.6
000,0
2.432.8
187.3
500.0
Nassau.....................
276.8
595.4
5.811.4
,020,7
Market & Fnlton...
900.0
423,2
3.467.0
Shoe A Leather...... 1,000.0
105.4
1.348.1
8.425.7
,292,6
Corn Exchange....... 1,000,0
557.0
Continental.............. 1,000,0
231 .8
4.571.8
159.0
Oriental......... .
1.814.0
300.0
4 0 6 .8
Importers’A Trad’rs 1.500.0
,715,3 23.1 2 0 .0 3,188,0
Park.......................
2,000.0 :,263,5 24.1 0 7 .0 6,350.8
153.9
141.2
East River...........
1.156.0
"
250 .0
Fourth...................
1,110,3 21,176,6 2,703,4
3.200.0
Central..................
8.329.0 1.266,0
549.3
1,000,0
840 .0
4.541.0
Second..................
662 .6
300.0
366.5
Ninth....................
3.775.8
750.0
350.1
First....... ..............
500.0
,035.2 24,902,5 3.529.0
Third............ .
8.485.5 1.495.0
260 ,6
1,000,0
143.1
1.365.8
300.0
71,7
N. Y.NaVl Exch’ ge.
425 .0
Bowery....................
2.861.0
001.5
250.0
701.8
New York County..
2.440.1
422 .7
200.0
206.4
German American..
2.712.6
293 .0
750.0
Chase......................
500.0
,500,0 14.395.4 3.957.3
Filth Avenne.........
100.0 .,087,0 7.400.4 1.226.3
273 .0
2.418.2
German Exchange.
200,0
600.6
520.6
Germania...............
3.015.5
679.9
200,0
United States........
6.036.2 1.023.4
500.0
589.8
Lincoln..................
863 .6
5.408.6
3 0 0 ,»
615.0
Garfield..................
793.8
200.0 708.3 3.646.8 210.4
Fifth...................
1.571.2
314.2
2
0
0
,0
Bac k of the Metrop.
818 .7
4.728.9
803.2
300 .0
West side................
200.0 323.4 2.2 1 8 ,0 181.0
Seaboard..................
758.0
5.419.0
500 .0
301.5
Sixth........................
171.0
200.0 347.1 1.616.0 839.2
Western.................. 2.100.0
4 20 .0 11.762.4
First Nat. B’klyn...
879.0
4.999,0
300.0
940.7
Nat. Union Bank ... 1,200,0
9.179.9 1.708.0
681.8
Liberty Nat. Bank..
253.4
2.341.9
500.0
236.7
N. Y.Prod.Exch'ge. 1,000,0
557.7
3.617.9
318.1
L eg a te. D eposits.
$2,000,0 $ 13 ,530 ,0
3.497.0
2.778.7
2.527.0
3.841,9
057.0
5.694.4
331.9
3.333.1
620.5
1.785.2
214.7
276.0
183.2
449.3
385.6
571.9
4 .721.0
3.869.8
657.5
2.680,6
694.3
1.590.0
1.172.8
674.4
1.511.3
4.873.9
625.1
313.2
635,1
987.5
4 71 .6
1.477.0
2.041.9
293.3
4.753.0
8.538.4
280.5
4.938.1
3.973.0
1.587.0
1.144.5
2.387.4
1.851.6
216.5
356.0
350.8
424.1
6.637.6
965.4
688.4
455 .0
375.7
1.068.2
750.1
346 .8
1.312.9
452.0
2.849.0
335.0
4,835,8
1.207.4
1,023,3
399.5
16.829.0
14.613.3
8.865.0
22.308.7
3.046.0
32.835.4
2.140.9
24.251.0
5.151.9
6.393.8
1.234.4
2.060.0
856,5
2.545.4
2,000,1
2.343.1
19.470.0
17.201.2
6.165.8
9.109.9
2.998.1
13.575.2
6.062,8
2.505.8
6.921.8
24.441.3
2.925.0
2.971.3
2.943.5
5.805.8
3.561.0
9.826.9
6.324.5
1.657.0
25.128.0
34.828.8
1.178.1
23.790.0
12.259.0
6,188,0
4.647.3
24.184.7
10.547.7
1.290.5
2.971.0
3.174.4
2.533.0
23.015.4
8.340.9
3.070.4
3.904.7
6.330.0
0,851,8
4.582.2
1.749.6
6.304.8
2.301.0
8.274.0
1.463.0
14.118,6
5.807.0
9.526.4
2.350.5
3.040.3
222.6
T o **1...................... 59,772,7 74.888,1 500.367,7 80.192,6 113,484,5 568.075.1
N . Y .*
$
1
$
$
;
$
$
$
Jan . 23.. 134.660.8 4 9 0 ,3 3 8 ,7 70,134,1 118,803.6 563 ,479 ,6 18,479,8 6 0 8 .2 5 4 .0
“
30.. 134.660.8 488 ,765 ,7 7 9 ,6 8 4 ,6 1120.296,0 503 .331 .8 18.111.5 6 2 5 .7 1 0 .0
Feb. 6.. 134.600.8 4 97 ,513 ,6 7 0 .5 59.5)117,221,0 5 68 .961 .8 10.787.5 602 .717 .3
“
13.. 134.060.8 5 00 ,307 ,7 80,1 9 2 ,5 113,464,5 568,075,1 16.723.5 4 60 .825 .0
B oh .*
J a n . 30.. 69.351.8 170 ,028 ,0 1 0 ,7 6 3 .0 1 7,822.0 159.957.0 9.555.0 83,6 9 5 .4
Feb. 6.. 09.351.8 172,525 0 10,625,0
7,436,0 164.558.0 9.017.0 101.583.3
“
13.. 0 9 ,3 5 1 ,8 ( 173,892,0 10,744,0
8,8 4 0 ,0 107.781.0 9.5 4 9 .0 102 ,200 ,7
I’ l i i l n . •
J a n . 30.. 35.263.0 1 0 0 ,239 ,0'
37,4 4 5 ,0
107.223.0 6.955.0 5 3 .722.3
Feb. 6.. 35 ,2 0 3 ,0 :1 0 1 ,4 9 5 ,0
38,304,0
109.182.0 0,941,0 6 8 .0 4 4 .3
“
13.. 35.2 6 3 .0 102,680,0|
38,009,0
110 .374 .0 6.905.0 5 5 .154.3
* W e om it tw o ciphers in all these figures.
t In c lu d in g f o r B o s to n an d P h ila d e lp h ia th e ite m “ d u e to o t h e r b a n k s ’ ’ .
Miscellaneous and Unlisted B onds:
M is c e lla n e o u s B o n d s .
M iH c e lla n e o iiH B o n d s .
B r’k ly n U n . G a s ,1st co n s . 5s. 1 0 9 b b .
Tnt. Cond. A In a. d e b . 0 b........
Ch. Jn n . * S. Y d 8 .-C o l.t .g .,5 s 1 0 8 b ’ >. M an b a t. B e a ch H . A L. g. 4s. * 25 b
C o lo ra d o C A I. la t co n s . 6 s,g. * 95 b. M e tro p o l. T e l. A T e l. 1st 5 s ..
C ol. C. A I . D evel. gu . 5 » .......
M ich .-B e n in . C ar 1st 5s .......
C o lo ra d o Fuel * I .—G en . 5 s . ♦ 81 a. M n tn al U n io n T e le g .— 6 s, g . .
C ol. A H o ck . Coal A I .—0a, g.
N at. S ta r c h M fg . 1st 0 s .......... 102 b
Con s.G ae C o.,C h lo.—1 at gu .5a
87bb
N .Y . A N . J . T e le p . g e n . 5 s . .
D e Barrieleben C. & I . —g . 0a. • 81 b. N o rth w e s te r n T e le g r a p h —7s
Det. Gas con . la t 5 .................... • 77 a. P e o p le ’ s G as A C. il a t g , 0a. 108 b
E d is o n E le c . 111. C o.—1 s t 5 a .. 1 1 2 b h .
C o., C h ic a g o ........i 2d g. 6 s.
105 b
D o.
o f B k lyn ., 1st 5a.. 1 10 b b .
1 s t c o n s . g. 6 s .......................... 105 b
E q u lt . G .-L .,N .Y T ,co n s. g .5 a .
S o u th Y u b a W a l e r —C on . 6 s. *101 b
E q u ita b le G. A F .—1st 6 a___
72 b
99 b b . S ta n d a rd R o p e A T . 1st g.0s.
E r ie T e le g , A fLelep . 5s, g . . . .
99 b.
In c o m e 5 s .................................
244b
H e n d e rso n B ridge—1st g. 0a. 1 1 0 b. S u n d a y C reek Coal l a t g 6 s.
I llin o is Steel deb. 5 s ...............
W e ste rn U n ion T e le g .—7 a ... *107 b
N o n -c o n v .d e b . 5 s ................. ..........
W h e e l.L .E .A P ltts .C o a l lafc5s * 60 a
N o t e .—“ b” in d ica te s p r ic e b id ; “ a ” p r ic e asked. * L a te s t p r ic e th is w e e k . ’
Bank Stock List—Latest prices. (fNew stock. *Not Listed.)
BA NK S.
Bid. I Ask.
A m e rica ........ 315
A m . E x c h .. . 172
A s t o r P lace* 230
Bowery*....... 300
Broadway.... 230
B utch. A Dr.. 125
Central t . .. . 150
C h a s e ............ 400
C h ath am ....... 290
C h em lcall— 4000
C it y ................. 500
C itize n s’ ........ 125
C o lu m b ia ___ 170
C o m m e r c e ... 205 b
C o n tin e n t a l. 130
C orn E x c h ... 290
E a s t R i v e r ., 125
l l r b W a r d .. 200
F ifth A v e ___ 2900
F ifth * ........
250
F i r s t ..........
3000
F i r s t N . ,8 .1 . 120
14th S tr e e t..
F o u r t h ....
178
G allatin ..
310
G a n s e v o o r t.. 95
BANKS.
G a r fie ld .......
G erm a n A m .
175
G erm an E x .*
G e rm a n ia —
250
G r e e n w ic h ...
H a n o v e r .......
140
170
H d e A L . * ..
H u d . R iv e r ..
300
lm .& T r a d ’ rs
4500 I r v in g ............
L e a th e r M fs ’
140
L ib e r ty * ........
L i n c o l n .........
208
M an h a ttan ...
140
M a rk e t* , F u l
M e c h a n ic s ’ .
305
M ’c h s ’ A T r s ’
M e r ca n tile ...
340 0 M e r ch a n t.’ ..
M e r ch ’ t . E x .
M e tro p o l’ s ...
160
M t. MTorrls..
N a s s a u ____
N . A m s ’ dam .
185
N ew Y o r k ...
330
N. Y. C o’n ty
105
A sk . | B A N K S .
500
110
350
165
315
85
165
530
140
175
135
750
210
215
186
130
165
137
110
425
99
153
190
230
050
360
340
95
540
160
230
240
192
135
140
101
175
240
........
B id.
N .Y .N a t . E x
N in th ............. 105
19th W a r d .. 100
N . A m e r ic a . 130
170
P a c i f i c ........ 175
P a rk ............... 200
P h e iiix .......
Plaza*..........
P rod. E x ,* ...
R e p u b lic ...
S e a b o a rd ___
S e co n d .........
S e v e n th .
8 h o e A L e ’ th
S ta te o f N .Y .
T h ir d ...........
T radearo’ n’ s.
12th W ard*.
U n io n S q —
U n ’ d S ta te s .
Y o r k v ille * ...
W e s t e r n .......
W e s t S i d e . ..
200
104
185
120
150
109
425
100
115
190
270
110
iaV
160
175
90
96
90
“ 90*
110
110
203
175
175
170
114
275
1*3*6“
190
200
119
THE CHRONICLE.
Stk-s
li U S r O N ,
I N U L U M J U ’ U l.V
AND
U A L T lK O I tE
fV oL, LX 1V .
STO C K
EX CH AN G ES.
f f r M h n r« P r i c e * — s o l P e r C e n t a m P r i o e e ,
A c t u s S to ck * .
f tn&jtmi#*
W ednesday,
Fell. 17.
8*€flurdicr* 1 M onday,
"r * b' . 13"
Feb. 15
14%
14
14% 14
100
jyggk* *t\ A ■§>
* PjMf*
A 0fe!O iM&iAI- 1 0 0
*00
•6 0
I M u C ity
**
*17% 18
a s *17& I f
M lttilM k* T r ^ io - a *4
IS
18
209% 2 1 0 *
100' 210 SIO
*110 -209% 2 1 0
100
JM*s*»a <k t& w m i
ISO ICO
100| 160 160
B m totz A Main®,
*9% 10%
**
100
0% 10%
Ceasml of If mm .
58
*56
*56
*♦
100
5S
P r e fe tse d .... .**
**
100
73% 71% 73% 74%
Cfel^Biir.A (jpitsu
75%
74%
74%
76%
Chk-.MIL.* »i, P. UPJWLMOO
8
8
«
50'
-.OMI.ToLt,o
20
i
o
o
;
19%
d i . sLEy.of lad f
92
92
ftiiM M X * ^ r e t ^ S w f e s i ,100;1 91% 01
25% 25%
X*shl4th Vafley.. (phtiftkjm 50 ! 25% 28
108% 106%
Ym^l? **
100
8%
8%
O^tilT f Jte*?0'fiK100 1 *8 *■»•••
2f«w E .o4laijd,. . .
*'
100:
"67
87*.
60
Prs»l«rte4 .—*»*
**
100:
70
70
KartfcMk C entral f W . L 50 •69% 70
13% 14
14% 14%
.
i ‘>o
36% 36%
36% 37
Preferred
**
100
177 177
Old Oftloay.
B otton ) 100 177 177
52%
52
52% 52%
J ta tju w lr a iu * „ .. f
. 50
12%
r m i A Efadlfi<?4
**
50 12-V 12%
71 % 71% U 7 f t 71%
P h iU M p h . Tr*<x
“
50
7%
*7
6%
U akm P a e iflo ...f
. 100
7%
9%
O slo q TYaoUoa. .
ila,J. 50
9%
9%
9%
j K l* c * lit t a « o a a S t o c k * .
110% 112
.
110 % m %
101 102%
101 % 102
............
216 217
100 217 217
H ell Telephone..
25 107 107% 106% 108%
Botl. A Montana.
10 % n
25
12% 13%
Bxtlftft A Boston, t
3 5 7 357
*355 360
Calomel A Heela
67
CantonOo . . . . . . . fJSaifj.lOO
*60% 61
C teaM ilA m A Q M
*'
100 *80% 61
27
26%
26
27%
E l e c t o r . B a t'y f (P hila .) AQQ
27% 28
Preferred f
**100
64% 65
65
Erie Telephone.fB o s t o n ) , 100
65
33% 33%
General Electric.
M
100
34% 34%
75
*73
76
Preferred. . . . .
100 •74
31% 32
32
Biinoli S tee l . . . .
“
100
30
*22% 23
23
XdUBao&StioxeSer.
"
50 ' • T
40
40
L ehi'b CoalftKftv. (T h U a .) 50 ;*3 9% 40
102
1 0 2 % 102
If. £.'Telephone ( B o t ( o n ) . 1 0 0 1 0 2
14
14
? » . B tA U U 'kP ovrfP h U *. ; . ™
13% 14
72% 72%
U n fC d G se lm p .f
"
50
72% 72%
41%
40
43'
43
WetAbaci! IJg& l i
“
5
W « i EndLand..YBo#toHE
-2%
2%
*2%
2%
* Bid and asked prices; no gale w a s m ade.
I n a c t iv e S t o c k * ,
B id.
14%
14%
14% 14%
•15
-15
60% ; 6Q% ‘*61
18% 18%.
18
IS
18%
209% 909% 209% 2 1 0
209%
2
1
0
■......... 209%
161
1 6 9 160% 101
*9%
10%
*9% 10%
•5 6
58
74% 74% 74% 75
75% 75% 75% 75%
7%
7%
19% *10%
*9*1% *92
91% 92
25% 25*8 22% 25%
107% 107%
*8%
9
8%
8V
60%
18
*u%
37%
177
52%
125. g
71%
7%
*9%
14%
T i« *
37% 3 8
177% 177%
52
52%
12% 12516
72
72
7%
7%
9%
9%
111% 114%
102% 103
216% 217
1 0 9 110%
13% 14
357 337
‘ 04 ..........
60% 60%
26% 26%
27% 28%
65
65
34% 34%
*73
75
33
33
22% 22%
*39% 40
1 0 2 102
14% 14%
73
73
14
*8%
14% 14%
14%
37% 37%
38%
177% 177% 177%
52%
52
52%
12
12%*
12%
72% 72%
72%
*7
7%
7%
9%
9%
9%
113% 114%
1 0 3 103
2 1 7 217
110% 111
13% 14
357 357
*04 ..........
*60% 61
26% 27%
29
29
*64% 65%
34% 35
>74
75
34
34%
22% 23
40
40
102 102
14% 14%
73
73
113%
102%
2 18
110%
13%
3 55
‘ 64
60%
26
114%
103
2 19
111
13%
355
66
60%
26
‘*6*5*"
34%
73
33
*22%
*39%
10 2
14%
73%
43
” 2% ” *2% ***2*% ” 2% x 2
t
"65
34%
73
33%
23
40
102
14%
73%
43
2
T ru st
B oston U n ited Gas, 2 d m . 5 s . .1 9 3 9
url.A M o. K lv e r E x e n p t 6s,
N o n -e x e m p t6 s ... .. . . 1 9 1 8 , J& J
Plata 4 s .............................1910, J&J
Ohio. B nrl. A N or. 1 st 5 ,1 9 2 6 , A&O
2 d w o rt. 6 s ....................19 1 8 , J&D
D ebenture 6 s . . ............ 1 8 9 6 , J A B
Ohio. B n r l,* Q uincy 4 e .1 9 2 2 ,F A A
Iow a D iv isio n 4 s ........ 1 9 1 9 , A&O
Ohlo.AW.Mloh. gen . 5a, 1 9 2 1 , J& D
C onsol, o f V erm ont, 5 s . 1 9 1 3 , J& J
C urrent K lver, 1 st, 5 8 -1 9 2 7 , A&O
D et. L ane. A N or’n M. 7 s . 19 0 7 , J& J
E astern 1 s t m ort 6 g ,1 9 0 6 .M & 8 ..
f n-e.E lk. A M .V .,ls t,6 e .l9 3 3 , end.
U netam ped, 1st, 6s, 1 9 3 3 ..............
K.C. 0 . A Spring., 1 st,5g.,1925,A & O
K a F .8 . A M .* o o n .6s, 1 9 2 8 , MAN
K.O, M em . A B lr .,la t,2 s ,1 9 2 7 , M&8
K.C. 8t- Jo. A C .B ., 7 8 ..1 9 0 7 , J& J
h. Kook * F t 8 - 1 st, 7 b. . 19 0 5 , J& J
L o u is..E v .& S t.L .,ta t,6 g .l9 2 6 , A&O
92
Boston A Providence (Boslonj.lOO 262 265
Ctetden A Atlantic pf. tP h U a ,}. 50
fhfctmwIlMUB ,
r T**
50
50
1st preferred. . . . . . .
“
50
30%
Central Ohio............... (Ball.) 50
7
Chicago A Wt>rtMlch.(.Boslo«).100
5
Oocnec Hoot & Fas*..
•'
100 146 147
Connecticut Klver.—.
“
100 2 4 0 2 5 0
30
Consol. Tra.-t.of N.J.TtlPAUoQ.lOO 29
DsiawareABmmdBr.
••
100 1 6 5
12*
10
Flint A Fere M ary... (Boston). 100
32
Preferred....................
•* 100 3 0
Hestnnrllle Paeaeng. ( P h U a .) . 501 50
*6*2*
Preferred 1 .............. . “
50
18
Bunt. A Broad Top...
*•
50j
48
Preferred.....................
"
60
Kan.
F’.-S. A Meui.{B o l t o n ).100
10
5
40
30
!■:•
•:...................
"
100
54
52
LltUe ftchnrUclU.........(PAilo.). 50.
Maine V.-Mrsl. . . . . . . *B o s t o n ) , IOO 125 128
Mine HUS A 8,Haveo.fPAtfa.i 50
58
KMKineboatDg V a l. , .
••
50 ’ *6*2% 54%
g a r t h American Co,.
"
100:
m a rt h Pennsylvania.
"
50 “*8*9* a f *
1 s t oonsol.lnoom es, 3 g, non-onm,
O r.H b. L in e all aast.pdfB o e t o n ) . 100
16
16
2d oonsol, inoom ee, 3s, non-onm .
Pennsylvania A X . w , <P h ila , i. 50!
N . V . & N .E n g ,, 1 s t, 7 8 ,1 9 0 5 , J& J!
*2*6% 1 st m ort. 6 s ...................1 9 0 5 , J& J
PhUadeL A Krte.........
"
501
B a lls d _____
..( B o i l a n J .l O O
i
i Ogden. & L .C .,C o n .6 s...l9 2 0 ^ A & 0
%
Preferred...................
** 100 25
40
Inc, 6 b .......................................... 1 9 2 0
Bonthera..................... ( B a l t , ) . 100
9
9% B n Hand, 1 s t,6 b.............1 9 0 2 ,MAN
Preferred............ .
“
100 27% 28
Sd, 5 s.............................. 1 8 9 8 ,F&A
West End. . . . . . . . . . . . .( B o t U m ) . 50
66
66%
Preferred...................
*•
60 90
90% *AttanBtfcn^
t hJ i f | ! ^ ^ M & N
U n ix ! C m . of » . J .. (P K U a .). 100 245 247
Buffalo Ry. oon. 1st, 5 b............1931
West Jersey................
“
50
(..atawlnaa, M - 7 a ..........1 9 0 0 , F&A
We t Jersey A Atlas.
'*
50 ;
Uhoo, Okla, A G ulf, prior lie n 6 b ..
Westers N Y . & Penn
“
100
2%
Oltlxens' 8 t.R y.of ln d ,,o o n .5 s,1 9 3 3
WMeoiut C%ntrel.. . ( B a n o n i . 100
2
Oolumb. 8 t. B y ,, 1st, oon. 5 S ..1 9 3 2
Preferred....................
•* 100
3
7
Oolunib. O. Orosatown, la t,5 8 .1 9 3 3
Wore’*!.X sail AKoeh.
**
100 112
117 IConsol. Tract, o f N. J ., lB t,5a,1933
wJSCKI.LA.S BOU».
g e l . A B ’d Br'k, 1 s t ,7 8 .1 9 0 5 ,F& A
1 lE aston& A m . ls tM .,5 s.l9 2 0 ,M & N
»*
A tia a tts M in in s..........
25
22
21%
E leo. A P eople's Trap, sto ck , tr. otfs
«
0*jr s t a t e O e e f . . . . . .
50
5% Elm ir. A WEUu., 1st. 6 8 .1 9 1 0 , J & J .
5%
B oston L a n d .. . . . . . . .
**
10
4% HentonvUle M. & F., oon. 5S..1924
4
M
C entennial M in in g ...
10
8
6% H u n t.& B F d T °p ,C o n .5 B .’95,A&O
M
F ort W ayne E le c t,* ,.
35
%
LeW gb N av. 4 %b............ 1 9 1 4 , Q - J
«
Franklin Mining.. . . .
25i 11
11%
2d 6 s, g old ..................... 1 8 9 7 , JT&D
M
F ren cb m 'n 'sB a y L’d .
e|
%
%
G eneral m ort. 4%e, g .l9 2 4 ,Q —F
*4
KeAnsarge M in in * ....
2 5 | 18% 10
1 ^ 5 e ,g . 1936.J& .I
*
4
0 *r»v>:» M ining.........
32% 33
25
L ehigh V alley, 1 st 6 s .. .1 8 9 8 , J&D
M
P u llm an {‘a le c s Car.
100 155
150
2d
7
»
................................
1 9 1 0 , MAS
P e s n g y lr e s t s s t e e l.. (PAiAM.lOO 20
28
O one.il. 6 .........................1 9 2 3 , J&D
Preferred t
70
100,
N ew ark P a ssen g er, oon. 5 e ...l8 3 0
Qntacy MljBtsg.......... , B u t t o n }. 25, 115
no n o r th P enn . 1 s t , i n . . ..1 9 3 0 . MAN
ta m a r a c k M lsau ig....
25 117% 118%
G en. M. 7 s . ....................1 9 0 3 , J&J
W ater P o w e r ., .. ........
100,
h
1
Paterson R ailw ay, consol. 6 s ..........
W naticgl..
am .
50
24% 25% P e n n sy lv a n ia g e u .6 s ,r ..l9 1 0 , Var
Praf., en m a ia tlv e...
so; 5 0
51
Oonsol, 6 s ,o
............ 1 9 0 5 , Var
B o n d * -B o * to n .
Oonsol. 5 a ,r ................... 1 91 9 , y ar
A ‘- T o p - A 8- F• g en era l g. I t , 1995 480% 80%
0 o U » t.T r .4 % g ............19 1 3 , J&D
A-tjoaUncnt g. is, t s s S ,.............I •446% 47 1 P a.
& N . V , C a n a l,7 s ... 06 , J& D
Boa - B United Gas 1st 5 * . , . . . . . . . . i m
84%
O o n . b t . . . .......................1939 A&O
r*
•PrtoalnctadA. overdue ooapon.
%Unlisted.
9
m m 'e o *
B on d s.
p n e t * o f F e b r u a r y 19.
Atlanta & Charlotte tB a lL ) .100
14%
*14% . . . .
*60
61
18% 18%
18% 18%
'209% 2 1 0
210 210
161 101
*9% 10%
*66
58
73% 74%
75% '5%
7%
7%
19% 20
91% 92
20% 23%
60
*57** *57**
{ And aoorued Interest,
F riday,
Feb. 19
T hursday,
Feb. 18
B id.
*14%
••25
*15
•6 0
*18
*18
209%
•209%
161
*0%
•56
73%
75%
7%
*19
91%
22%
>107
*8%
*35
*55
*6»%
*14%
38
177%
52
14%
■50
16
00%
ift
Sales
o f th e
W eek,
Shares.
4 22
100
R a n g e o f s a le s In 1 3 9 7 .
L ow est.
13%
15
14%
"**6*0 59%
1,685 17
1,801 17%
77 20 9
138 20 5
120 159%
209%
210 j
162
10%l
58
75
6,601
75%
7,425
7%
32 0
20
36 0
92
281
24% 17,313
550
10S
2 60
9
40
60
*262
70
15
14%
1 ,6 3 5
38
1,546
136
177%
52%
1,560
1 2 7 ,fi 2 1 ,8 5 0
2 ,3 5 3
72%
7
7
685
7,2 5 2
9%,
9%
Jan.
Feb.
Feb.
Jan.
Jan.
Jan,
Jan.
Jan.
Feb.
10
Fob.
5 7 Jan.
69% J a n .
7 3 Jan .
7% Jan10 % F eb.
91 Jan.
20% Feb.
106% Feb.
7% Jan.
37% Ja n .
57 Feb.
67% Jan.
13% Jan .
33% Jan,
176% Jan.
51% Jan,
U i 8 16F eb.
66% Ja n .
6% Jan .
8% Jan.
H ig h e st
15% F eb .
■37% J a n .
17% J a n .
62% Jan .
18% F eb .
18% Feb.
2 1 0 Jan .
2 1 0 F eb .
1 6 6 Jan.
11 Jan ,
57% Jan .
76% Jan.
77% J a n .
8% Feb.
25% Jan .
92% Jan .
30% J a n .
110% Jan.
9 % Jan .
37% Jan .
6 1 % Jan,
7 0 Feb.
16% F eb.
39 Feb.
177% Jau.
52% Jan .
14 J a n .
72% F eb.
9 Jau.
10% Jan.
113% 114% 2 8 ,3 0 3 1 10 Jan. 5 11 8 Ja n .
102% 103
308 100% J a n . 6 1 0 4 J a u .
59 0 205% Jan . 4 220% Feb.
219 220%
110% 110%
9 ,5 8 9 94% Jan. 2 112% Feb.
13% 13% 11,761
6 Jan . 11 14 F eb .
61 3 2 6 J a n . 2 3 6 0 J a n .
3 5 5 35 5
*60
66
6 0 J a n . 8 67% F eb .
60% 60%
142, 60% Ja n . 6 62% J a n .
25% 20
83 6 25% F eb . 19 31 F eb .
51 5 27% F eb . 15 33 J a n .
28
28
65
65
44 64% J a n . 4 6 7 J a n .
*34% 34%
1,251 32% Ja n . 2 36% F eb .
73% 73%
1 9 7 3 F eb . 18 7 8 Jan .
33
33%
2 ,4 2 6 3 0 Feb. 13 41% Jan.
22% 22%
89 20% Ja n . 6 23% F eb .
39% 39%
153 39% F eb . 10 4 2 J a n .
1 0 2 102
3 20 101% Jan . 2 1 0 3 J a n .
1,155 13% J a n . 5 1 5 Jan .
14% 15
73% 73%
1,311 7 1 Jan. 6 74% Feb.
*42% 43%
4 4 0 4 0 F eb . 15 47 Jan .
2% F eb .
*2
2%
1% Jan . 5
2,9 9 5
receip ts.
t T ru st r ee .,a ll instaL paid.
A sk .
Bonds.
1
13
84
17
17
6
3
18
20
25
18
19
5
20
21
2
5
SO
19
7
15
1
1
20
21
18
4
7
IS
18
29
19
1
16
25
6
15
1
29
19
2
20.
18
1
14
26
22
3
12
9
B id . Ask
96% ’ 96%
4 69
70
P e o p le ’s T rac. tr u s t eertn. 4 8 -1 9 4 3
9 8 1..........
5116% 117% P erk iom en , 1 s t s e r .,5 a .1 9 1 8 , Q—J
f 1 07 108
Phila.& E rie g e n . M. 5 g .,1 9 2 0 , A&O 117% 118%
§ 94
97
G en. m o r t , 4 g ............1 9 2 0 , A&O 1 0 4 | .........
81
..........
4104% 104Lj P h ila & R ead , n e w 4 g ., 1 9 5 8 , J&J
99%
4 3 % ..........
99
1 s t pret. Incom e, 5 g , 1 9 5 8 , F e b 1
31% ,
2d p ref, in c o m e , 5 g , 1 9 5 8 . Feb. 1
30
f ‘*9*2** ' 9 4 *'
S d p r e f. in c o m e , 6 g , 1 9 5 8 , F eb . 1
2d , 5 s ............................... 1 9 3 3 , A&O 120
95
98
130
45
47
C onsol, m ort, 7 6 . .. .. .1 9 1 1 , J& D 129
52
50
O onsol. m ort. 6 g ___ ..1 9 1 1 , J&D
Im provem ent; Ml 6 g . , 18 9 7 , A&O 1 04 105
< 50 • 7 0
50
60
Oon, M „5 g „ stam p ed ,1922.M & N 102% 102%
5119 1 20
Term in al 5 s , g ___ _ 1 9 4 1 . Q.—F. 112% 112%
5127 129
P h il. Wtlm. & B a lt., 4 a . 1 9 1 7 , A&O 104
§127
129
P itta. C. & St. L ., 7 s . . . , 1 9 0 0 , F&A 107%
97%.
§ 50
97
60
R oc h e ste r R a ilw a y , o on. o s ..1 9 3 0
80
Sehuyl.R JG .81d6,1st 5 g .1 9 3 5 , J&D 1 05
§ 79
68
U n ion T erm inal l e t 5 s . . . . . . . F&A
* 05
5118 120
90
M & a 84 f e ? i9 0 7 , J&J 120% 122
Oo
94
93
__ Itiin o r e B e lt, 1 s t, 5 s . 1 9 9 0 , M&N
4100
103
87
B alt. O. P ass. 1 s t 5 S ....1 9 1 1 , M&N 1 14
} 85
B alt. T raction , 1st 5 s . . 1 9 2 9 , M&N 111%
5107 108
67%
E x te n . & Inapt. 6 s — 19 0 1 , M&S 107
5 67
N o. B a lt. D iv ., 5 s ........ 19 4 2 , J& D 109 109%
17 h 18%
8
8% B altim ore & Ohio 4 g., 1 9 3 5 , A&rO 1 02
P itts . & C onn., 5 g . . . . l 9 2 5 , F& A
§119% 1 20
S ta te n Isla n d , 2d, 5 g .1 9 2 6 , J& J
§113 113*8
R eceiv ers' cer tific a te s, 0 s ..J & D 103% 103%
5 80
83
| __
92% 95
15
D o. M aryland C o n stru e., 5 s ..........
§105% 106
D o . P lttsb . & C on n ells., 5 s.-J & J 100
97
Bal.& O hlo 8 .W .,let,4% g. 1990, J&J
§ 96
65
O a p e F .& T a d .,8 e r .A .,6 g .l9 l6 , J& D
55
105%
C e n t O hio, 4% g ..............19 3 0 , M &8
107 i"o*i% Cent. PasB., 1 st 5 e.........19 3 2 , M&N 112%
108%
C ity & Sub., 1st 5 s .......... 1 9 2 2 , J&D 111% 112
109
...... n o
C hari. O o l.& A n g .e r t.5 s.1 9 1 0 , J&J 108
75
77
Ool. & G reen v., 1 s t 5 - 6 s .l9 1 7 , J&J 111%
G e o r g ia * A la .,ls t p f . 5 8 .1 9 4 5 ,A&O 103% io i%
95%
81% 82%
G a.O ar. & N or. 1 s t 5 g ..K > 2 9 , J&J
8*9% 89% G eorgia P a o ., 1 st 5 -0 S ...1 9 2 2 , J&J 114 l i f t
94% 94%.
Geor. 8 0 . & F la ,, 1 s t o s . .1 9 4 5 , J&J
......
104% . . . . . . N orth . C ent. 6 s .................. 1900, J&J 108
6 s ......................
1 9 0 4 , J& J 112
75% 75%
8 ertes A , 5 s ..................... 19 2 6 , J&J 1 15
118%
4 % s................................... 1 9 2 5 , A&O 108
_ Itta.& C ohiic11b. l et 7 s . 18 9 8 , J& J 103%
89% .
89
111** i i T * Southern. 1st 5 b................ 1994, J&J
V irgin ia M id., 1 s t 6 s . ..1 9 0 6 , M &8 112%
102% 103
102% _____
2d S e r ie s, 6 s ....................1911 M &8 115
94
95
3d S eries, 6 s ..................1 9 1 6 , M&S 113%
m
M 4 th S eries, 3 -4 -5 s........ 1 9 2 1 , M&S 05 . . . . . .
104% _m
129% __
5 th Berios, 5 b ................ 19 2 6 , M&S 1 03
106% 106%
1 10
..........
115
......
106%
mSCMAANEOtJS.
112%
Salttmore W ater 5 s . . . 1 9 1 6 , M&N 1 24
. . . . . . 120
F u n d in g 5 8 . . ^ . ......... 1 9 1 6 , M&N 123% 124%
E x c h a n g e 3 % s..................1 9 3 0 , J& J106
72% 73%
rirginia (S tate) 3 s ,n e w .l 9 3 2 , J& J
118%
F u n d ed debt, 2 -3 s............ 1 9 9 1 , J&J 62% 62%
118%
Ih esap eak eG as, 6 s . . . . .1 9 0 0 , J& D 106
110
tonsol. G ae, 6 s --- ----------1 9 1 0 , J& D 115%
119 i ’o*9 4 .
5 s ________ _ T
£ 0 5 % 107
NEW YORK STOCK EXCHANGE PRICES (Continued)— A C T I V E
M
R a il r o a d a n d
is c e l l a n e o u s B o n d s .
3« 5 r
THE CHRONICLE.!
F e b r u a r y 20, 1807.]
InCst
Closing Range (sales) in 1897.
Price
Period Feb. 19.
Lowest.
R a il r o a d a n d
M is c e l l a n e o u s B o n d s.
Highest.
A mar. Cotton Oil. deb., 8 g . 1900 O—F
106 Feb. 109 Jan.
81
Feb.
7 4 Jan.
A. mer. Spirit M fg., 1st, 6g,191o il & S 81
80 Jan.
79*3
7 4 k Jan.
Ann Arbor.—1st, 4s, g ~ - - .1 9 9 5 Q—J
82
A
&
O
82
k
Feb.
79
k
Jan.
A t.T . & S .F — New gen. 48.1 9 9 5
Nov.
463*
4950 Feb.
43 *s Jan.
Adjustment 4 s ..................
I .5s
& D43 119 i 116*9 Jan. 119
B,
w ay& 7th A v.-lst.oo n .g
Feb.
75 Jan.
Feb.
Brooklyn Elev. 1st, 6 g — 1924 A & O 723ib. 7 0
M
A
N
7
0
72*8
Jan.
68
Feb.
Union Elevated.—6 g .--.1 9 3 7
81
78 Jan.
81
Feb.
Bklyn Rap. Trans., 5 g - - * - } ^ A & O
Bklyn.U n. G a s , 1st,eon.og. 1945 J A J 1093 q 105 Jan. 109*4 Feb.
B 'klynW brf& W .H —ls t,5 s ,g /4 5 F A A
98*3
97*9 Feb. 101 Jan.
Feb.
108 Jan. I l l
Canada Southern.—1st, os, 1908 J & J 110*3
2d , 5s.......................... .......... 1913 M A S 107*8b. 105 Jan. 107 Jan.
9130
M
A
N
9
1
7s
Feb.
90*3 Jan.
Cent, of Ga — Cons., 5s, g -1 9 4 5
108 b. 10658 Jan. 107*3 Feb.
Central of N. J.—Cons.,7s, 1899 Q - J
M
A
N
115
b.
OonsoL. 7 b ............... ..........1992
General mortgage, 5 g ... 1987 J & J 117*4 115*3 Jan. 118 Feb.
10413a. 104 Jan. 104*3 Feb.
Leh.& W. B.,oon.,7s,as'd-1900
N ' 89 b. 89 Feb.
90
Feb.
“
m ortgage5s.l912 , r& M
J
&
J
*116*4a
16*8 Feb.
114*3 Jan.
Am . Dock & Im p., 5 s ....1 9 2 1
Central Paoiflo.—Gold, 6 s .1898 J & J 102 b. 100 Jan. 102 Feb.
Ches. & Ohio.—Ser. A , 6 g ..l9 0 8 A & O 11913b. 119 Jan. 120*3 Jan.
Mortgage, 6 g ..................... 1911 A & O 120 b. 118*3 Jan. 120*3 Feb.
107 k Jan. 11030 Feb.
lsto o n so l.,5 g .....................19 o9 M <fe N 1 1 0 k
76k
7 6 78 Feb.
73*4 Jan.
General 4 % s, g ...................1992 M & 8
97 Jan. 101 Feb.
E. & A. D lv ., le t oon., 4 g . 1989 J & J 100
90
9 0 Feb.
86 Jan.
2d con.. 4 g .. 1989 J <fc J
115 Jan. 117*3 Feb.
C tlo . Burl. * Q. Con. 7 s .1903 J <fe J 1 1 7 k
98 1 93 Feb.
98 Jan.
Debenture, 5 e . . . . .............. 1913 M & N
Convertible 5e................... 1903 M & S 100 b. 100*8 Jan. 101*3 Jan.
9319b. 9 3 Feb. 96*3 Jan.
D enver Division 4 s ..........1922 F & A
9030
90*3 Feb.
87*4 Jan.
Nebraska Extension, 48.1927 M & N
Han. A St. Jos.—Cons.6s.1911 M & S 120*4 119 Jan. 120*4 Feb.
J
*fe
D
11350b.
Ohio. & E. 111.— ls t,s . 1. 6 s.1907
Consol. 6 g ............................ 1934 A & O 1 2 3 k b . i i 2 4 i 3 J a n . 124*8 Jan.
9 8 % Feb. 1 0 0 78 Jan.
General oonsol., 1st 5 s .. 1937 M & N 100*4
Chicago <St Erie.—1st, 5 g .. 1982 M & N 111 b. 1 1 0 % Jan. j112 Jan.
95 b. 93 Jan.
96 Feb.
Ohio. Gas L. A C.—1st, 5 g .. 1937 J & J
&
132 a. 128 Jan. 1131 Jan.
Ohio. M il.* St. P.—Con.7s.1905
«fc
1 1 6 * 3 b . 115% Jan. 117
Jan.
1st, SouthwestDlv., 6 s ..1 9 0 9
&
116*3b. 115% Jan. 118 Jan.
1st, So. Minn. D iv., 6 s ..1 9 1 0
A
113^8b. 112 Jan. 113 k Feb.
lst,C h.A P a c .W .D lv .5 s..l9 2 1
&
110*38. 106% Jan. 110 Jan.
Ohio. & Mo. R iv .D iv .,5 s.. 1926
&
lll* 4 b . 110% Jan. 112 Feb.
Wise. A Minn., Div ,5 g ...l 9 2 1
A
11130b. 1 1 0 % Jan. 112
Feb.
Terminal, 5 g ............. . . ... 1 9 1 4
&
99 Jan.
98k
96 Jan.
Gen. M .. 4 g ., seriesA — 1989
& D 118*3b. 118 Jan. 11850 Feb.
Mil. A Nor.— 1st,con .,6 s.1913
Jan.
Ohio. & N. Pao., lBt, 5 g ....l 9 4 0 A A O 1 42 % it 40 Jan. t4 4
140 b.;L40 Jan. 1415g Jan.
Ohio. A N. W .—Consol., 7 s . 1915 Q - F
Jan. 118*4 Feb.
Coupon, gold, 7 s ................1902 J & D 117%t>. l i e
Sinking fund, 6s ....... .. ..1 9 2 9 A A O 116% b. 114 Jan. 116 Jan.
Feb. 109 k Jan.
Sinking fund, 5 s ................1929 A & O 109 b. 109
Sinking fund,deben.. 58.1933 M A N 11214b, 110% Jan. 112 Jan.
25-year debenture, 5 s .. . 1909 M & N 107
106 Jan. 107 *4 J an.
Extension, 49 ................... 1926 F A A 101 b. ,101 Jan. 1 0 1 k Feb.
Mil. L. S1l A W ., 1st, Gg. 1921 _M A
a Nt 132% b. 131% Jan. 132 k Feb.
Extern A Imp., 5 g ........ 1929 F A A 112 b .1 1 2 % Jan. 115 Jan.
Chic. R .I. A Pao.—68,coup. 1917 J A J 129 b. 128% Jau. 128 k Jan.
Feb.
Extension and ool., 5 e ...1 9 3 4 ) J A J 103%
101% Jan. 104
30-year debenture, 5 s .. . 1921|M A 8 98 b. 93 Jan.
98 k Feb.
Ohio. 8t. P. M. A O .- 69. . . 1930)J A D 129 %b. 126 Jan. 1 2 9 k Fen.
Chic.& W .Ind.—G en.,g.,6a. 1 9 3 2 i Q - M
117% b. U 8 % J a n . 117*4 Jan.
Ciev. Lor. A Wheel.—5 s .. . 1 9 3 3 1A A O 104 %a. 102 Jan. 102 Jan.
0 . C. C .A I .—Conaol.7g ...1 9 1 4 J A D 132 b, 131% Jan. 132 Jan.
General, consol., 6 g — 1934: J A J ............. 1 2 3 % Jan.
124 Jan.
0 . 0 .C & 8 t.L .—P.AEast.,40.194O|A A O
75 Jan.
74%
73
Jan.
OoL Midland—Cons., 4 g ..l9 4 0 F A A 't 17 a. 115 Jan. 117 Jau.
OoL A 9th Ave. gu. 5s, g .. 1993,11 A 8 117%b. U 7
Jan. 117 k Feb.
001.
H .V a i.A T o l.—Con.,5g.l931 M A
66 8
8 8 k Jan.
63
Feb.
50
General, 6g ........................ 1904 J A D
87 Jan.
4 9 % Feb.
Denv. A R io G r.— 1 s t,7 s,g . 1900 M A N l L l k
Ill
Jan. 112 Feb.
lBt oonsol., 4 g...................19361J A J
88 k
89 J an.
88 Jan.
Dul. & Iron R’ge— 1st, 5a. 1937 A A O
99 k
9 9 % Feb. 1 0 1 k Jau.
DaL 80. 8h, A AtL—5 g ,...1 9 3 7 J A J 101 b. 9 9 % Jan. 1 0 1 k Feb.
Edison EL 111.—let,oon.g.58.’95iJ A J 109 b. 1 0 4 % Jan. 109*8 Feb.
9 4 7a
Erie—4 , g, prior b o n d s .... 1996 J A J
9 3 % Jan.
95 k Feb.
General, 3-4, g .................1996 J A J
65*4
6 2 % Jan.
66 k Feb.
N .Y .L .E .A W .— l8t.oon.,7g.’20|M A 8
1 3 9 % Jan. 143 k Feb
L ’g Dock, oonsol., 6 g . 1935, A A O 133 b. 133% Jau. 134 Jan.
Ft. W . A Den. City.—4 -6 g.1921 J A D
58 b. 53 Jan.
58 k Feb.
88 b. 89 % Jan.
G aL H .A 9an .A n -M .A P .D .lst,5g M A N
9 1 k Feb.
Gen. Electric,deb. 5 8 ,g . . . 1922!J A D 9 5 k
9 6 Jan.
9 0 % Jan.
H o n s .A T . C e n t.g e n .4 s,g . 1921 A A O
66 Jan.
67 k Feb.
“Illinois
•
~
* 4s.
- g....... 1953
-------M A N
Central.—
100 b 9 9 % Jan. 101 k Feb.
Western Lines, 1st, 4s, g.1 95 1 F A A 101 b 100% Feb. 103 Jan.
In tA G re a tN o r.—1st,6s,g 1919 M A N 11 9 k a. 117% Jan. 1 1 9 k Jan.
79 b 7 3 Jan.
2d, 4 % -5 s ............................. 1909 M A S
80
Feb.
Iow a Central.—l s t ,5 g ___ 1938 J A D 96*4
9 6 Jan.
9 7 k Jan.
43*4b. 45 Jan. ! 45 k Feb.
K ings Co. Elev.— 1st,5 g .. 1925 J A J
94
Laolede Gas.—1st, 5s, g . . . 1919 Q—F
! 9 3 % Jan. i 94 k Jan.
Lake Erie A W est.—5 g ----- 1937 J A J 115% b. 113% Jau. 115 k Feb.
L. Shore.—Con,op., le t.7 s .1 9 0 0 J A J l l l % b . 1 1 0 % Jan. 111% Feb.
Consol. ooup., 2d, 7s____ 1903 J A D 119% b. 119 Jan. 1119% Jan.
Lex. A v . A Pa v. F. go. 5s,g. 1993 M A S 117 k
116% Jan. 1117% Feb.
110 b. 113 Jan. 117% Jan.
Long Island.— 1st oon.,5g. 1931 Q - J
General mortgage, 4 g . . . 1938 J A D
87 kb. 76 k Jan. I 87 Jan.
L ools. A N ash .—-C o n s.7 s..1 8 9 8 A A O 10550b. 105 Jan. 1 0 5 % Feb.
N .O A Mobile, 1st, 6 g . .. 1930 J A J 119 b. 116 Jan. 119% Feb.
M
••
2d, 6g._ 1930 J A J 103 b. 9 8 % Jan. |103 Fet>.
General, 6 g ......................... 1930
A D *117%a. 115% Jan. 117 Feb.
Unified, 4 g .......................... 1940 J A J
80
78 % Jan. ! 8 0 % Feb.
Louis,N. A. & Oh.— 1st, 6 s. 1910 J A J| 112 b. I l l
Jan. 112 Jan.
ConsoL,6g, tr. receipts. 1916 A A O t 85 a. 182 Jan. ,185 Jan.
Manhattan oonsol. 4 s ___ .1 9 9 0 A A O
94k
93 Jan. 1 95 % Feb.
Metro. E levated.- 1st, 6 g .l9 0 8 J A J 118 kb, 116% Jan. 118% Feb.
Jan. ,106% Feb.
2 d .6 » ..................................... 1899 M A N ! lOG*0b.|lO5
Mex. Internat'l—1st, 4, g .1 9 4 2 M & SI 70 b.l 71 Jan. ' 73 Jan.
BONDS F E B R U A R Y
A sk .
Railroad Bonds.
SECUR ITIES.
Bid.
Balt. Jk Ohio—
( 8toek Exchange Prices.)
Alabama Mid.—1 s t,g .,g u a r ..1928
Atoh. Topeka A San Frau.—
Ohloago A St. Lon.—1st, 6 s .l9 1 5
Ool. Mid. 1st. g., «», asstd . 1936 * 6 3 "
Atl. A Pae.—2d W. D., gu. 6 s .' 907
Western Division inoom e..1 9 1 0
'" %
alt. A O h io - 1st, 6s. Park B .1 91 9 '1 1 1
69"
' l "
In V st P rice
Period Feb. 19.
1S97«
Highest.
Lowest.
* Latest prloe this week.
NEW VOItK STOCK EXCHANGE PRICES—(Continued) , — I N A C T I V E
B1<1.
FOR YEAR
Closing Range (sales) in 1 8 9 7 ,
Mloh. Cent.—1 s t,o o n s .,7 s .1902 M A N 117 b. 1 1 6 % Jan. 117 Feb.
Oonsol., 5 s . . . ................ ..1 9 0 2 M A N 106% b. 107 Feb. 107 Feb.
Minn, A 8t.L .— 1st oon .58,g .l934 M A N 102 %b. 100 Jan. 1 0 3 % Feb.
94% a. 9 2 % Jan.
9 5 % Jan.
Mo. K . A E .—lBt 5s, g., gu..1942 A A O
84
82 Jan.
84 % Jan,
M. K. A Texas.—1st, 4s, g . 1990 J A D
63 Jan.
59%
5 8 % Feb.
2d, as, g ............................... 1990 F A A
85 b. 86 Jan.
8 7 % Jan.
Mo. Pao.—ls t.o o n ., 6g........1920 M A N
3d, 7 s .....................................1906 M A N 106 a.
Pao. of M o —1st, ex., 4 g .l9 3 8 F A A *101 a. 100% Jan. 1 0 1 % Feb.
2d ext. 5s.........................1938 J A J 103 b. 101% Jan. 103% Jan.
St. L. A Ir .M t.ls t ext., 5s. 1897 F A A 100% b. 101 Feb. 103% Jan.
2d, 7 g ................................1897 M A N 102% a. 101% Jan. 102% Feb.
Cairo Ark. AT exas, 7 g .l8 9 7 J A D *101 %b. 98 Jan. 1 0 1 % Feb.
75%
7 7 % Feb,
Gen. R’y A la n d g r .,5 g .l9 3 1 A A O
7 3 % Jan.
Jan.
M obileAOhlo—N ew 6g ...1 9 2 7 J A D 118 b. 117 Jan. 118
68% a. 66 % Jan.
68 Feb.
General mortgage, is . 1938 M A S
Nash. Ch. A S t.L .—1st, 7 s . . 1913 J A J 128 %b. 1 2 7 % Jan. 129 Feb.
Consol., 5 g ........................... 1928 A A O 101% b. 100 Jan. 102 Feb.
N. Y . Central—D eb text.48.1905 M A N 102 %b. 1 0 1 % Jan. 103 Jan.
1st, ooupon, 7 s ................... 1903 J A J 118% b. 1 1 7 % Jan. 1 1 8 % Jan.
Deben., 5s, ooup., 1 8 8 4 ..1 9 0 4 M A 8 108% a. 1 0 6 % Jan. 1 0 8 % Feb.
N . Y . A Harlem, 7s, reg,.1 9 0 0 M A N 112% b. 1 1 1 % Feb. 112% Feb.
B .W . A Ogd., oonsols, 58.1922 A A O 119%b. 117% Jan. 120 Feb.
Feb.
W est Shore, guar., 4 s . . ..2 3 6 1 J A J 106% b. 105 Jan. 108
N. Y . Ohio. A St. L .—4 g . ..1 9 3 7 A A O 105 b, 103% Jan. 106 Jan.
N . Y . Laok. A W .—1st, 6 s .. 1921 J A J 136 b.
Construction, 5 s ............... 1923 F A A 114 b. 118 Jan. 118 Jan.
N .Y . N. H . A H .—Con. deb. otfs. A A O 136%
1 3 2 % Feb. 1 3 7 % Jan.
95
N .Y .O n t. & W —R e f.4 s ,g .1 9 9 2 M A 8
9 5 % Feb.
8 8 % Jan.
ConsoL, 1st, 5s, g .............. 1939 J A D 108% a. 1 0 8 % Jan. 1 0 8 % Jan.
N .Y .Su s.A W .ls t ref.,5s, g.1937 J A J 100 b, 100 Jan. 1 0 3 % Jan.
Midland of N. J., 6s, g . ..l 9 1 0 A A O 119 b. 119 Feb. 1 1 9 % Jan.
Nor. A W. Ry.—1st, cons.,4g. 96 A A O
No. Paoiflo— 1st, ooup. 6 g .l 9 2 l J A J 1 1 5 %
113 J an. 1 1 5 % Feb.
General, 3d, ooup., 6 g ..l 9 3 7 J A D
17 7 % Jan. 1 8 2 % Feb.
Consol, mortgage, 5 g .,,1 9 8 9 J A D
t5 4 % Jan. f 6 0 Feb.
88%
Prior lien, ry. A l.g. 4, g.1997 Q - J
8 8 % Feb.
8 5 % Jan.
Q
F
55%
General Hen 3 g ................2047
5 6 % Feb.
5 1 % Jan.
No. Pao. A Mont.— 6 g .........1938 M A S
14 1 % Jan. t4 6 % Feb.
No. Paoiflo Ter. Co— 6 g — 1938 J A J 107% b. 1 0 4 % Jan. 108
Feb.
Ohio A Miss.— Con.s.1., 7 s .1898 J A J 103 b.
85 %
90
Jan.
Ohio Southern— 1st, 6 g . ..l 9 2 1 J A D
8 4 % Feb.
General mortgage, 4 g .,1 9 2 1 M A N t 14
114 Jan. 115 Jan.
9 0 b. 1 8 5 % Jan.
9 0 % Jan.
Oregonlmpr. Co.— ls t 6 g . .1 9 1 0 J A D
15 a. 15 Feb. 118
Jan.
Consol., 5 g ....................... 1939 A A O
O re.R .AN av. Co.— 1st, 6 g -1 9 0 9 J A J 112% b. 110 Jan. 1 1 2 % Feb.
A D
83
84
Feb.
80 J an.
RR. & N av. oonsol., 4 g .1 9 4 6
A J 109% b. 109% Jan. I l l
Penn. C o.--4% g,O on p........1921
Jan.
A J 101 b. 100 Jan. 104 Feb.)
Peo. Deo. A E vansv.—6 g .1 9 2 0
Evans. Division, 6 g ........1920 M A 8 100
100 . <eb. 106 Feb.)
27 % Jan.)
2d mortage, 5 g ..................1926 M A N
2 7 Jan.
Phila. A Read.—Gen., 4 g . . 1958 J A J t 8 1 %
t8 0
Jan. 182 Feb. i
ls t p f .ln o .,5 g, all Inst. pd.’58
t 43%
Jan.
t4 3 % Feb. t 4 8
32
2dpf.lno., 5 g., all Inst. pd.’ 58
1 32
Feb. t 3 6 % Jan. J
3dpf.ino., 5 g., all Inst. pd.’ 58
131% Feb. 1 34 % Jan.
Pitts. Sh. A L. E., 1st, 5 g.1 94 0 A A O
99%
95 Jan. 100 Jan.)
Pittsburg A Western—4 g . 1917 J A J
73 i
7 4 % Jan,
71 • Feb.
72% b. 72 % Feb.
7 4 % Feb.
Rio Gr. western— 1st 4 g\.1939 J A J
St. Jo. A Gr. Island—6 g . .l 9 2 5 M A N
48 b. 147% Jan. 14 9 % Jan. j
St. L. A S a n F r .—6 g .C l. B .1 9 0 6 >1 A N 114
112 Jan. 115% Feb.
General mortgage, 6 g .,1 9 3 1 J A J 111 b, 108% Jan. 1 1 2 % Feb. |
General, 5 g ........................1931 J & J
97% b. 94 % Jan.
98
Jan.)
Railroad, 4 g ...................... 1996 J A J
6 6 % Feb.j
65 %
62 % Jan.
St. L. A So. W .— 1st, 4s, g .1 9 8 9 M A N
70 Jan.
67 b 68 Feb.
2d, 4s, g., in o o m e ............1989 J A J ’ 24 %h. 2 5 % Jan.
28 Jan. ]
8t.P.M . A M .—D ak .E x.,6 g . 1910 M A N 119% b. 1 1 6 % Jan. 120 Feb. |
1st oonsol., 6 g ................... 1933 J A J 123% b. 123 Jan. 124 Jan. j
“
r e a u o e d to 4 % g .. J A J 103 %b. 102% Jan. 104 Feb»
Montana extension, 4 g .1 9 3 7 J A D
9 0 % Fob.
89 %b. 87 % J an.
San. Ant. A A. P.—ls t,4 g .,g u .’43 J A J
59
Feb.
58%
5 4 % Jan.
So. Car. A Ga.—1st, 5 g .,.1 9 1 9 M A N ' 88 b. 8 7 % Feb.
91
Feb.
So. Paoiflo, Arlz.—6 g .. . 1909-10 J A J
92 b. 90 Feb.
9 4 % Jan.
So. Paoiflo, Oal.—6 g . . . 1905-12 A A O 107%
Jan.
108 Jan. 108
1st oonsol,, gold, 5 g ........1937 A A 0
87 F eb.j
85 b. 85
Feb.
So. Paoiflo, N. M .—6 g ........1911 J A
103
102 Jan. 105 Feb. I
Southern—1st oons. g, 5 s .1 994 J A
9 1 Jan.
89 %
88 % Feb.
E. Tenn. reorg. lien 4-5 s. 1938 M A S
89 % Jan.
85 b. 89 Jan.
E .T . V. A G .—ls t ,7 g . .., 1 9 0 0 J A J 108 %b. 1 0 7 % Jan. 108% Feb.
Con. 5 g ............................1956 M A N
108% b. 107 Jan. 108% Jan. i
Georgia Pao. I s t 5 - 6 s ,g .,1922 J A J 114% a. 107% Jan. 114 Feb.
K noxv. A Ohio ls t 6 8 .g -.1 9 2 5 J A J 115 a. 112 Jan. 115
Feb.
Rioh. AD an v. ooa. 6 s ,g ..1915 J A J 121%
117% Jan. 122 Feb.
W e s tN o .O a rls to o n .6 s ,g l9 1 4 J A J 112%
111% Jan. 1 1 2 % Feb.
Standard R opeAT.,1st.6g. 1946 F A A
7 9 % Jan.
73
7 1 % Feb.
Tenn. 0 . 1. A R y —Ten. D .l s t ,6 g A A U
86
Feb.
86 a. 82 Jan.
Birmingham D lv., 6 g . . . 1917 J A J
8 7 % Jan.
88 a. 85 Jan.
Texas A Paoiflo— 1st, 5 g .. 200 0 J A D
90
Feb.
89%
8 5 % Jan.
2d, Inoome, 5 g ......... . . . . 2 0 0 u March
Jan.
21%
23
19% Jan.
T o le d o * Ohio Gent.— 5 g . . l 9 3 5 J A J 105 i 105 Jau. 108
Feb.
T o L S t .L .A K a n .0 .—6 g . . . l 9 1 6 J A D t 72 i i6 9 % Jan. 175
Feb.
Union Paoiflo—6 g .......... ..1 8 9 8 J A J 105
Feb.
103% Jan. 105
E xt. sinking fond, 8........1899 M A S
Feb.
95
85 Jan.
92%
Collateral trnst, 4 % ........1918 M A N
52 ; t4 9 % Jan. 150 Jan.
Gold 6s, oo 1. trust notes. 1894 F A A 101%
99
Feb 102 Jan.
Kan. P a o .-D e n .D iv .,6 g . 1899 M A N 110% b. 113% Jan. 1 1 6 % Feb.
1st oonsol., 6 K...............1919 M A N t 7 3 %
t6 7
Jau. 1 78 Jan.
Oregon Short Line—6 g. 1922 F A A t l l 6 %
t l l l % J a n . 1 1 7 % Feb. j
Gr.S.L.AUt’hN.—O on.,5gl919 A A o t 75 %
t6 3 % Jan. t7 6 % F e b .!
U .P .D e a .A G n lf,o o n .,5 g .l9 3 9 J A D
3 7 Feb. ‘
35 b. 35 J an.
U. 8. Leather—S.F.deb.6g. 1913 M A N 113% a. 111% Jan. 111 Feb.
Virginia M id.—Gen.M ., 5 s .l9 3 6 M A N 102 b. 100 Jan. 1 0 2 % J a n .,
Wabash— lBt, 5 g .................1939 M A N 107
106 Jan. 1 0 7 % Jau.
2d mortgage, o g . . . . . . . . . 19391F A A
7 3 % Jan.
69
68 % Feb.
W e stN . T . A P a — 1st, 6 g .l 9 3 7 J A J 106% b. 1 0 4 % Jan. 1 0 6 % F e b .'
Gen. 2-3-48, gold............. 1943 A A O
50 Feb.
47 %b. 4 6 % Jan.
W e st.U u .T eL -O ol.tr. 5 s . . 1938 J A J 107
Jan.
1 0 6 % Jan. 1107
Wlso. Cent. Oo 1st 5 g ...1 9 3 7 'J A J ) 39
137 Jan. t 3 9 % Jan.
N o r * .—“ b” Indicates price b id ; "f t " price asked; the range Is made up from actual sales only.
SECURITIES,
19 A N D
Cons, mort., gold, o s............. 1088
W Va. & P i t t s . - * 5 s . . 1990
B. A 0 . 8. W ., 1st, g . ,4 % s ...l 9 9 0
Monon. River, ln t ,g .,g .5 s ..l 9 1 9
Cent’l Ohio Reor.— l s t ,4 % s .1930
Ak.&Ch.Juno.— I s t ^ ,5 s ,g u .l9 3 0
Brooklyn Elevated—2d, 5 s .. 1 9 1 5
Seaside A B.B.— lst.g .5 s,g a . 1942
90%
•98
.........
97 %
A.sk.
I Trust receipts.
B O N D S— F E B R U A R Y
19
SECU R ITIES.
Brunswick & W ’n—1st, g., 4 s . 1938
Buff. Roch. & Pitts.—Gen. 5P..1937
Bid.
98
121
Rooh. A Pitts.—Oons. 1st,( s. 1922 119%
Bail'. A Sasqueh.—1st, 5s, g ..l 9 1 3 *102
Burl. Oed. Rap. A No. 1st, 5 s .1906
Consol. A oollat. trust, 5 s .. 1934 *
Minn. A St. L.—1st, 7s, g u ..l 9 2 7
Ced. Rap. I. F. A N „ 1st, 6s. 1920 10G
1st. 5e..................................... 1921 102
Ask.
100
.........
120
107
102k
TH E
386
> tv >
C H R O N IC L E .
IO H M S T O C K K X t l l A .N N E r i i l C t i S .- J i V i i C T .I V .E
«*OORlTUS«,
Bid. Ask,
SECURITIES,
[VoL. iiX IV .
B O M J V -fU o r n in u e d J — F E B R U A R Y
Bid. Ask.
U r, AT. II.—fUVartion let 6«.1*23
102
19,
Bid. |Ask.
sE otJ R rru sa ,
.Nortbern Paoitlr—
,
fMJIkte—43b>. d*€Sa.M«l*(,d**».WsS’5
I
..... II Gcaur d*Aiene—1st,6g,gold. 1916
.U. t*->. Br. lat, g., 5a........1930
nmj. HR. A Busk- -Ob’, g.S*. t#«7 ......i 87
ran*, a Indian.—lat, ooaa.,1926
...... C. d'Alene—Gen. lst.g., ea.,1938
CvaL By. of On* 1 st, 4;» 58.. 1915 U S '* . . . . . Flint
Norfolk
A
.
SOU
th'n—
1st,
5a.tf.1941
•too
*
P.
Murquotte—
IMI. M ■' *■
0 *.i» 0 *
O*-*,
fold ,, sttd4.6ff.189H i o i " i’n’i ’w Mort.. Off....-_____ _____ 1920 114 116 Norfolit A West.—Gauara!,«». 1931 • 1 2 0 --d«SO 84
‘lilis
Kit. t S». »*rn** A B V ft -.1899 100% 101% lat, Aon, gold. 5» ..... ..... 1939 •75
79
Imp. A Ext., 6s.................1934
Pi, IInron I>iY.—let, 5a ...,1939
1889 ltb>% U>1>4 Fla.
Gold 5«. *vnc» i : ........
YdlustuientM., 7 s ................ 192-1
On A Pen.—lat g. 5a....1918
•u*a%i....... .
.....
100-year 5s..............
1990
1st eon. g,, 5a...............1943
ilort. gold 1 * .............*.19^8)
Mil. A Wash. Div.—I»t,g.5«.l94l Ui
Ft, Wor'ii A K. U.—'*e! 5a..1928 *41
L4M2.1Iftkisl. 5», ...... .
1900 “ " I jioa aaL
Bar. A 8an Ant.—1st,6s.1910 1**4
Scioto VW. A N. E.—1st,4a,.1989 ...... 83
fjti. * 0 . Div., Ml., f. •*>•>... H>!»
Ohio A Miss.—
Kmc. r»i-i«o—BoB'l».fl»....1898 i o i % “ ’.III; 2d mort., 7a.................. .,1905 90
ConsoL
7s. ..................... 1898 1 0 3
tla.
Car.
A
Nor.—
lat,
«m
.
5a,
g.1929
14 Railway iCV. s—1 *S,8 * 1907
2deoasol. 7s.................... 1911 117 118%
80 S i* ’ Honaaitmie—Ootra. gold 5a....1937 *125%
Mat***1 5s. ............1938; ..........
N
.
Haven
ADerhr,
Con*.5
b
,.1918
Spring.Div.—lst-7*................1905
•as 103
Owt
i*i. *>. e«.i93Sj
General 5s...........
1932
Ut-«. v if.- fur.
too.!,<1». 1898 103%[ . . . . Hon*. ATeitts Central—
125
*101%
Waco
A
N.
7s...................
1903
lands
~l»t, g,, S«....Ss>40
Gon. g.,5s ........................i » 3 7
let g.,5a(int, v-tdi............1937 108
m‘.
Bt.f V«L. t *(-, 5**..1941;
Omaha A 81 . lamia.—1st, 4s..1987 50% "sT‘
6* ilnt. gtd).......,.1912 102
Kiu. LA Big Mutilj ~U. 5*. 19C2 102 ;102*«
Oregon A Califor.—1st, Ss, g.1927
Debent* 6s, prim A ini. gtd.1897 05
Oum. u j»da. «<»;.—if! 6 »,g.li*ll
Debent, 4b, prln. A int. gtd.1997 94 93 Penn-P.C.O.A8t.L.On.g.4%sA!940 108%
»a. 6 * . ............. ...
it'll
Do do
Series B.......
Dituoia Central—lat, g., 4a...1951
0 1 ,. V.-Ger.-OOU l^t,KU9.5«-19.*9
P.C.A8.L,-lst,o.,7s............ 1900
......
1st.
gold, 3%a...................1951 100%
Chicago A A.t*>n —
6 , 1 '., Off.... 1803 1!«>S
Pitts, Ft. W. A C.—1st, 7*.,.1912 iss%
usaa, * Mo. River—1st, 78.1900 108 1JC«S Gold 4a............................1952 102
99
2d,
7
s
..........................
1912
2-10
g.,
4a.......................
1904
135%
id. 7* ......................... 1900
3d, 7s........................... 1912
Cairo Bridge—4s...............1950
134%to 1. lacks A t".U \ -2 d , 7 .1 8 9 6
Ch.St.L. AP.—lst,con.5e,g... 1932 115%
Spring!, Div.—Coup., 6a--- 1898
Br; ■ : 1 e!. .ff..'.. 8 *. 1912
Olev. AP.—Cons., s. fd., 78.1900
Middle Div.—Reg., 5s.........1921 110
©tie Bad. <kNr.—1st. 5ff.... 1920, 105
Gen. 4%s, g., “ A ......... 1942
O. St. L.AN. O.-Ten.l.,78.1897 102%
t’.bic. Buriittg* A SJ.--5S, ff,... 1901:' 1 '-l %
St. L.V. AT. H .-lst, 6 s., 7s. 189’
......
let, consol., 7a................1897 102%
low* Div.—Sink, fund, 5*..1919 107
1
2
0
2d, guar., 7s...................1898 lOO"
Sold,
5a,
coupon_______1951
Sint .-fund, 4ff..... .
1919 88
Weiup, Die., 1st g. 4a..... 1951
Gd,R.At.Ext.—lst,4 %s.G,g. 1941
* sin, 4»..........................1921
Alleg.Vul.—Gen., gu., 4s, g.1942
Beliv.A So. HL, gu., g., 4*28 1897
Chicago A lo«A DlV,—5»...1903
Peoria A Pelt. Union—ist, 6 s .1921 112
file. A indiutna OMd-—1*t 5s.1936 99 100 i Ceil. Falls A Minn.—1st, 78-1907
2d
mortg., 4%a..................1921 7 5
77
hi MU. ABl P.—l«t,8s,F.D.1898 101 104%: lnd. D. & 8pr.—1st 7s, 1906, trust
Pit-ts. Cleve, A Toi.—1st, 6 s... 1922
21. 7 3-1Off. P. J>...............1898 1*7H 120 | recta., ex bonds......................
101%
Pitts. AL. Er.—2d g.5s,“ A” . 1928
1fft, 7«, $ f., B. D...............1902 •12-U 130 |Ind. Deo. A W.—1st, g„ os....1935
90 Pitts. Mo. K. A Y.—1st 6 b___1932 133
I. A M.78................. 1897 127 % ! 28%; lnd. Ilia. A Iowa.—1st, g, 4s..1939
Pitts. Painsv. AF.—lat, 5s. ..1916
76%
1*1, 1. * D.,7s................. 1899 127% 129 i 1st, ext., g. 5s. ................ 1943
lft X . A M..7S.........
1903 1 2 8 a ISO Int. A G. N'n.-3d, 4s. g ......1921 29% 30 Pitts. Shen. & L. E .40
lst oonsol. 5s.................... 1943
1st, I. A D, Extension,7s... 1908 1S2 134 Kings Co.-F.El.,l3t,5,v.,gu. A.1929
’ ' ' Brie
~ hA West,—2d g.,
Lake
. , 58.1941 101 102 Pitts. A West,.—M. 5a, g.1891-1941
l«t, La C. A Day., 5*........ 1919 '109*4
l*t, H .* D.,7«................ 1910 1*7 127% North'n Ohio—1st, gu. g.5a,1945 1 0 3 1U3% Pitts.Y’gst’nAA.—1st, 5s.con.1927
L. 8. A M.Soii.—B.AE.—New7e.’98 106%
Rio Grande 8 0 .—1st, g., £-1 8 .1 9 4 0
» , H .A !)...!••:.....................’ 910 >128
81. Jos. A Gr la.—2d ino.......1925
Det. M. AT.—1st,7s......... 1906 120
; :Bie»s:o a Pwsiao i>iv., 6s..i9io 110*8
Kan. C. A Omaha—1st, 5s..1927
Lake Shore—Div. bonds, 7s.1899 108% 110
Binerai Petal Div. 5i*........ 1910 ■108
8 t. L. A. A T. H.—Term. 5s.. 1914 104
Kal. All. A 0. E.-lst gu. 5s.l93S 112
U. A L. Blip. IHv., 5a........1021 l o 7
BeUev. A Car.—1st, 6 s....... 1923
Mahon’g Coal BR.—let, 58.1934 116
t Argo A ®ottfch%o», A*su. ..1924 107
100
LebigUV.lN.Y.-lat ga.g.4%a.U>40
Chi.8 tL.APad.—1st,gd.g.Os 1917
rc, c.’uv. ffiiik. fund, 5*__ 1916 '1(10
110% Lehigh V.Tenn,—let gu. 5s,g.l941 i’08% 110
8 t, Louis 8 0 .—1st, gd. g. 49.1931
Dakota A Ot. South., 5s__ 1916
do
2d income .Ss-1031
MIL A Bor. main lino—Os. ..1910 118% U»% Lehitfh V'y Coal—1st os,gu.g. 1933
95
112 Lehigh A NY.—1st, gu. s. 4S.I945
Car. ABhawt.—1st g. 4s__ 1932
Chic. ANor's.-SO-yeardeb.Ss.*921
Bt. L. A S. F.—2d 6 s,g., ol. A.l' OG 114 115
ftecanabss A L 8 , let, 6s....1901 *107*8 108% LlmiraC.AN.,ist.g. lutpf.6a.1914
2d, 6 s, g., olasa 0 . ........... 1906 114 115
Guar., gold, 5s............... 1914
Be* MLA Minn.—1st, 7s__ 1907
1st, trust, gold 5s............ 1987
Utehf.Car.A Weat,-lst6s. g.1916
own Midland—l*i, 8 *....... 1900
Ft-. 8 . &V. B. Bg. -1st. 6s.-.1910 106
. Little Rook A M.—1st, 5s, g .. 1937
Cfcte. A tttiwaakw—1st, 78.1898 104
St.L.Kan.&S.W.—let, g.,6s.l91G
*in. A 81. P.—2d, 7s........1907
128% Long Island—lat,7s........... 1898 '105%
75
*11 A Mad.—UP. 6 s......... 1905
Ferry, 1st, g., 4%a........... 1922 86 89 St* Paul City Ry, oon. os, g... 1937
Gold os, guar................... 1937
Gold Is........................... 1932
OU. C. F. A 8 !. P.-l*t, 5a 1909 109%
8 t. Paul A Duluth—1st, 5s__ 1931
Northern til.—1st, 5*........ 1910 10y°g
N.Y.AR'wayB.—lat,g.5s.1927 98
2d mortgage 5b................. 1917 104
Mil. L B.AW.—Con.deb.,5s. 1907 105 *t 106
2d mortg., Ino.... ........ ..1927
Mleli. Div., 1st, 6 s...........1924 127
N. Y.B.Alf.B.—Istcon. 5s,r.1935 *105 108 Bt Paul Minn A M.—1st, 7s..1909 106%.......
AffSiUnd Division—1st, 6 s 1926 129
2d mort, 6 s..............
1909 120
Brookl’n&Montauk—l6t,6s.l911
Ot.EJ.AP-D.M.AF.D.1 et 4s. 1905
1st, 5$......................... 1911
Minneap. Union—1st 6 s__ 1922
Mont. Cen.—1st, guar., 6s..1937 115 118
lat, 2***............. ......... 1905 62% 66
No. Shore Br.—lstcon.58,g.l932
Kiteneson, 4 *— ........... 1 9 0 5
1st guar. g. 5s................ 1937 103
S5
Louia. Evans.A8t. L.—Con.5a. 1939 29
KeoIrak A D«s M.-lst,5s..1923 101% 103 Louie. ANauh.—Cecil. Br. 7S..1907
East. Minn.., 1st div. 1st 5s. 1908 104
111
W
’b)
prASiouxF.—1st,g,69 .1 9 3 s 104
Obic.SU P, A M!r»n.-~3“t,tJ.9...Jl*18 129%
E. H. A Nash—1st 6e, g.... 1919 113
81 . P»01 A 8 .e .-ln , 6 s..... 1919 131
Ban Fran. A N. P.—1st, g„ 5s, 1919
133%
Pensacola Division, 6s.......1920 *108
06to. A W. tnd.—1st, 8. t , 68.1919
8
av.Fl.
A
West. 1st. eon. g.6 s. 1934
6t, Louis Division, 1st, 6s... 1921
««oer»! cnomaKe, 6 #........ 1932 117*4
2d, 3s...........................1980
Seat.L.S.AEast.,lst6 o,asst.pdl9 3 i 35
45
CMC. A West. Mloh.—5«....... 1921
Southern—;
Nashv. A Decatur—1st, 7s..1900 *110
Ala. Cent., 1st 6s............. 1 9 1 8
O.B Bom, A D.—Con,a. 1., 7».1905
8. f.,6s.-8. AN. Ala..........1910
id. *old, 4**»....................1937
50-year 5s, g.................... 1937 99 100
AtL A Char.—1st, pret, 7s.. 1897
Ota. D.Afr'u-l»t,<?ti. 5a,t,'.1941 i0 8 % l l 6 ‘
Pens. A A t- 1st, 6s, gold... 1921
Income, 6 s................... 1900
98
O,tv. **. A Ol.-Bq. A 2d 6s.1930 76 _._T.
Colum. & Green.—1st, 5-68.1916
Coliat. trust, 5s, g ............1931 102
der.ACAn.—Sr.ctt*.forl»tSs.l917 70
72%
E. Tenn.V, A Ga.—Divls.Ss 1930 *112
L.AN. A M.AM.—lst.g.,4%sl945
a o .o . ASU L—lira., g. 48.. 1993
Rioh.A Dan.—Eq. s. f. g. os.1909 * 10 0
Nash.Flor.A8.—1st, gu., 5s. 1937
Cairo division, 4a............. 1939
Deben. 5s, stamped.......1927 100
Kentucky Central—is, g. ..1987 ,87 89
«.Iff>a.Dtv.-l«tooLM't4*,g,1990 93 >s
Vir’a Mid.—Serial ser.A, 6s. 1906
L. AN.—Lou. GAL.—g. 4%s. 1931
8 tTlng.ACol.WY,—lat.g. 4s. 1940
Series B, 6s.................... 1 9 1 1
,jOU,Aje9.BdgeCo.—Gu.g,4s. 1945
WbiloW.Vai.DiY.-lat,«. it. 1940
Series 0,6s.................... 1916
Lou.N.Alh.&Ch.—Gen.m.g.58.1940
in. Wab.AM. DiY.-lat,K.48.1991 87*s 88 MemphiB A Chari—6s, gold..1924
Series D, 4-5s................ 1921
On. 1.8 u L A G—l»t,«..4ff,1936 99
Series F, 5s.................... 1931
Mexican Cent. Consol.—4s, g.1911
osso! , 6 « .......................1820
WastuO.AW.—1st our.gu.40.1924
lat, conn. Income 3s, g...... 1939
79
Om.Han.ACL—<Xm.lat,g. 5a, l»2g i’0 7 '
Ter. As’n of Bt. L.—1st, 4%s.l939 109%
Mexican National—1st, g., 6s.1927
Indiana B, A W,—lat Bf.7*.ia00 105
1st, oon. g. 5s........... 1894-1944 104%
2d, income, 6s, “A” .......... 1917
Ohio Ind.AW.- latprof, S5..1838
2d, income, 6s, “ B” ......... 1917
8tL.Mer.Br.rerm.,g.6s,gu..l93o
Poor. A 3£a*t.—Incomo 4« .. 1 9 9 0
15% Michigan Central—6s...........1909
Texas ANew Orleans—1st,7s. 1905
C. Cor tan. j. tod.—rat, 7a,„.f.l«99 1 0 7 %
Baoine Division, 1st, 6s..... 1912
Coupon, 5a.......................1931 118
Oosaoi. *l!tk. food, 7»....... .1914
Consol. 5s, g..............
1943 92
Mortgage 4s.....................1940 *103
( !c. At- ;t. - l«t,< C.A1,7a. 1901
Bat C.AStrgis.—1st,3s,g. gu. 1989
Tex, A Pac., E. D.—1st, g. 68.1905
CIoyo. 1 . trail; A »)n —In, 6a. 1033
104% MlnmA 8t Li—1st, g. 7s.......1927 139%
Third Avenue (N.Y).—1st 5a, 1937 122
Olova A Mab. V.—CioH. 5e...l938
T.AO.C,—Kan.A M„ Mort. 4s,1990 76%
Iowa Extension, 1st, 7s..... 1909
D«U Lack. A W,—Moru 7»__ 1907
Tol. Peo. A West.—1st, g,, 49.1917
Southwest Ext.—1st, 7s..... 1910
l98%
h
»r«- Bto*. A S. Y.—let, 78.1006 i l l
Faeitio Ext—1st, 6b......... ) 921 121%
Ulster A Dei.—1st, oon.,6.,5s. 1928 98
Mom« A Eoooi—lat, 7a....1914 143
Onion Pacific
Mo.IC.ATex.—1st, ext,, os, g.1944
Bond*, 7»...............
J900 109% 110% MoJLAT.of T6x.lBt,gu.5e,g,1942 “ s o ”
ist, 6s............................. 1896 104% 104%
7* of 1*71....................1901 114
1st, 6s............................. 1897 104% 104%
City A P., 1st,4s,g..1990 70 74
tuLootn, eaut.. 7a......... 1915 111 i*42% Kansas
1st,, 6a.............................1899 105 105%
Dal.
A
Waco—
1st,
5s,gu....1940
72
#trr*m -2*1,7*................1900
113% Missouri Pivoiilo—Trust 5s 1917
Collateral Trust, 6a...........1908
75
l>.AIM »r,.- f'».!nv..c.)Ujt.7a. 1917 143
Collateral Trust, 5s.......... 1907 *75" s i r
l.toolL,5s, g.................. 1920
03
Albany A 8a»q —lit, ga,7a. 1906
Kansas Faeido—1st 6s, g... 1895 109
8t L.&1. M.-Ark.Br.,lst, 78.1895 102%
t**,«oo*.. sra*r.,8«. __ .1906 118
1st, 6s, g....................... 1896
Mobile
A
Ohio—
1st
ext.,
6s..
.1927
•- - " ’
i n , '-'iti[i,, 7«, i o 2] 146
O. Br. U P.-F. o.,7s........1895
8L
L.
A
Cairo—
4s,
guar.....
1931
80
DanY. Trarrway—rkrua. 6*. g.lMlo
Atoh. Col. A Pao.—lat, 6s... 1905
Morgan's
La.
AT.—
1st,
6s....1920
113
28
MstrornL Ky. -lat.a-u. ir.6*.19ll
Atoll. J. Co, A W.—1st, 6s... 1905
1»L7».........- .................. 1918 124
27
D*r Y. A el. O.—Imp.,i., '»«... 1928 70 83% !Ya»h.
U. P. Lin. A Col,—lst,g.,5a, 1918
Chat, A 8t. L.—2d. 6S..1901
DaLM. AM.—J. k*. S%»»a*-r,A,101lj
Utah&Norih.—lot, 7s..... 1908 112 118
. O, A. No. E.—Pr. 1., g., 6s..1915
Dot, A *4ink,—1st llBO. i»,k. . 1(H)A 20 22 N
Gold, 5s.... ................... 1926
Deb. g. 4S....1905 102 *s 103
* gg N.S.Y.J.Central.—
4a. sold .................
.19851
Utah
Southern—Gen., 7s ..1909 " 7 i
June—
Guar.
1st,
4a...1986
106
Ert«—t as, ffilondad, .it . ..
108?8
Exten., 1st, 7a.............. 1909 7 1 %
Beech Oreek-lat,gold, 4s..1936 106 107
IA. ffXtMKjOd, 5*.........
....
Wabash—
Oaw.
A
Rome—
'2d,
5s,
g.,gu.l915
34, artff>o4od, 4
j 923
114
Debenture, 8er. A ........... 1939
Ctloa A Bl, Ulv.—4s, g,, gu.1922
«»» *«h»i>8*4, 5a----------- 1320i
Debenture, Series B......... 1930 21
22
*l'>*t--l st, g„ 4». g11.1993 102
7tA. actaadad. i t ,........... 1328j a w . .. .. .. .. 2.. '5 '?Y•
Det.
A Ohio. Ext. 1st, 5a, g . 1940 •92
96
'^ * * H-—^
1st, retf.2s.1903
'«t. too.. «-.,ra. 7a ........ 192ft:
8t
L.K.C,AN,
—
8t.O,
Bdge6a.l90ff
121
107%
N
.
Y.
A
Northern—
1st,
g.
5s..
1927
1
2
6
'
B. •>, Y. 4 fc.~ln, 7a........i916 135 138 N. Y. Susq.A West—2d, 4%s. 1937
West N.Y.A Pa.,geu.g. 2-3-48 1943 47%
BlS A d. W.—Mort*. Off__lOOs!_
_
lo o
73
gef>* fort., 5s. g.............. 1940
Income 5s___ —....... ...1943
15%
raSoranv-lit, gn. « 5a__ ISKMt 106
Wllk.A East.-let,gt(l.,g.5s.l912
90 West* Va. 0. A Pitts.-Ui* 6a.l91,
Coil A HR.—Off.. ...... ...„1922i
Northern
Pan.—
WHeei.AL.E.—
1st.
gold...1026
91%
Dob* a i;i!»t.,l*t6 a, oaPoy.iftlaj 106 T
8LP»uJ A N. P.—Gen., 6s..1923 124
Wheeling Div.. 1st, 5s, g... 1928 78
S '» 0 *. A T.H— «u e tn«.,6 «. ]*i2 i 110% 112
Extension A imp, g., 6a..... 19 >0 75
DnJ.A M;tn,—lst,g.6s,tr.reo.l938 81*a
«’
• a* .... ... 1 0 4 1 ) .... !wfo <'«ct. lnoorne 5b. ... ...1937
Dak. IHv.—1st 6s, tr reo.,19371
I
p.
I:!.
,,-j
toes,, arc the latest -(notation* made this week. For JIl*»eUaueom»
see 3d page preceding.
February
THE
30, 1807.]
CHRONICLE
R
XND
It a ilr c m
d
J iite llig e iic je ,
RAILRO AD
EARNINGS.
T h e f o l l o w i n g ta b le s h o w s t h e g r o s s e a r n in g s o f e v e r y
STEAM r a ilr o a d fr o m w h ic h r e g u la r w e e k ly o r m o n t h l y r e t u r n s
c a n be o b t a in e d . T h e first t w o c o lu m n s o f fig u r e s g i v e t h e
g r o s s e a r n in g s f o r t h e la te s t w e e k o r m o n t h , a n d t h e la s t t w o
c o lu m n s th e e a r n in g s fo r t h e p e r io d fr o m J a n u a r y 1 t o a n d
i n c lu d i n g s u c h la te s t w e e k o r m o n t h .
The retu rn s o f the street railw ays a re brou gh t togeth er sep
a ra tely o a a subsequent page.
Latest Gross E a rnin g s.
R
oads.
Weekor Mo\ 1896-97. ! 1895-96.
I
A dirondack . . December.
Ala. Gt. South 2<i wk Feb.
Ala. Midland . December.
Ala. N. O.Tex. A Pac. Jun«N Orl. & N. E 3d wk Jan.
Ala. A Vicksb 3d wk Jan.
Vick*, sh. .V P :3d wh Jan.
A llegheny V al.. : December.
Ann Ari»or ---- 2d wk Fel».
Ark. M idland... December.
Atoh. T. A 8. Fp. December.
Atlanta A Char. November.
Atl. K n o x .* No. Ith wk Jan
A tlanta & W. P. December,
Atlan. A D a o v .. lot wbFeb.
Atlantic & Pac. December.
Augusta wont’ .. December.
Austin A N’ west November.
BaU.Ches.tfe Atl January...
Balt. A Ohio .. . January...
Bal. & 0 . Sou’ w 2d wk Feb.
B angor AAroost December.
Bath'A Ham’ ri'ls December.
Bir & Atlantic. January...
Brunsw’ kAWest 'December.
Bud. Rooh.APitt. 2d wk Feb
Buffalo A Susq December.
Bur.O. Rap. A N. 1st wkFeb.
Canadian Pacific 2d wk Feb.
Car. Midlaud. D ecem ber.
Cent, o f Georgia December.
Ocean 8.3. Co. December.
T ota l............ D» com ber.
Central o f N. J November.
Central Pacific November
Chari. Cl. A Silt. November.
Oharlest’ nASav. December.
Ches. A Ohio___ 2d wk Fen
Chic. Bur. A O '/ D ecem ber.
Chic. A East. Til. 2d wk Feb.
Ohio. Gt. W e-t’ n 1st wkF--b.
Ohio.Mil. A Sr. P. 2d wk Feb.
Chic. A N’ thw’ u. December.
Ohio. A No. Pac Decem ber.
Chic. Peo.ASt.L. Ja nuary...
Ohio. R*k I .A P .. January...
Chlo.8t.P M vO. December.
Ohio. A W. Mich. 1st wk Feb.
Choc. Ok. A Gulf December.
Oln.Ga. A Ports. January...
Clu.Jack A Mac. 2-1 wk Fob.
Cln. N.O. A T . P. January...
OIel Ports. A V Jauuary...
Clev.Can. A So.. 1st wkFeb.
Cl.Cia.Ch.A8t. L 1st wkFeb
Peo. A East’ u December.
CL Lor. at Wheel 2d wk Fel>.
Col Midlaud ... January .
Ool H. V. a Toi 1st wkFeb.
CoLARed vfount December.
Ool. Baud’ v a rt. January...
Colusa A L ake.. January...
Crystal ............ December.
GtnnbTd Valley December.
Denv A Rio Gr. 2-1 wk Feb.
Dee M. A Kau.c Ith wk Jan
Des. M. N A W Jauuary.
Det. G.Kap.A W 1st wkFeb.
D *t.A Maoklua- December.
DulQthS.S.AAtl. 1st wnFeb.
B lglnJol.A E a-t January. .
E r ie .................... December.
Eureka Springs December.
Evans.Al ud’ plls 2d wk Feb.
Evans. A Rich . 1st wkFeb.
Kvausv. A T. H 2d wk Feb.
Fitchburg.......... December.
Flint. A P.Marij. 1st wkFt*b.
Fla.Cent. A Pen. 1st wkFeb.
Ft. W’ tliAOen.C Ith wk Jan
Ft. W. A Kio Gr J a n u a ry ...
Gads. A Att. U January...
Georgia R R ___ 2d wk Feb
Georgia A A la .. 2d wk Feb
G a.C «r’ la A No. November.
Geo. So. A F la .. January...
Gr. Rap. A l u d .. <M wk Feb.
Cln. R. A Ft. W 2d wk Feb.
Traverse City 2d wk Feb.
Mus. G. K A I. d WM Feb.
Tot. all linen 2d wk Feb.
Grand Trunk.
1st wkFeb.
Chic. A Or. Tr. 4th wk Jau
Det.Gr. H. AM 4tb wk Jan
Ctn Sag. A Mac ith wk Jau
Tol.S A Musk ith wk Jan
Great North’ li
s t P. M. A M January...
East o f Minn. Jauuary...
MontanaCent. January...
Tot. system January...
Gulf A Chicago Jauuary...
G'lXB’ mutAK.O. J a n u a ry.,,
I
$
I
17,730
31,636
57.247
20,768
24.853
51,249
Ja n . 1 to Latest Date.
1896-97.
$
I
196,5471
195,653
040,356;
1895-96.
$
201.229
174,597
557,767
80,000
24.000
73, ,000
29.000
32, ,000
12.0001
12.000
33,000
9,OOo,
7,000
27, 000
23 000
199.326 213,446 2,341, ,014 2,569.083
133, ,030
21.630
22.029
128,207
14,121
96, ,476
111,971
12,406
2.852.01 2,,760,028 29,777 ,401 28,862,138
163,7 *4 213,844 1,447, ,385 [ 1,550,923
19 0 Oi
3 5 471
5,679
22 145
J 52,214
531, 430|
5 <7,527
59.03
0,533
47, 061;
49.974
10,113
314,497 317,659 3,530 50 11 3,589,116
7.719
6 ,326
80, 737|
7,795
28,265'
20,306
23,7oOl
26,100
23.700I
26.100
1,955.645 1 ,817,932 1,955.6451 1,817,932
116,877 112,681
709,009
720.632
45,423
60,890
719,: 18!
722,583
3,101
38,076i
35,653
3,373
1,405
1,465
2,129
2.129
601,1*5
532.009
48.008
49,262
54,306
360,249;
365,045
54,565
540,2 *5
431.316
47,2*6
37,805
380,852
4 6 8,421
81.745
75.714
1,960,000 2,134,798
323,00
307,0
4,'*88
59,440!
51.071
4,744
555,727 574,217 5,220,7311 5,140,922
168,657 171,610
724,384 745.857
1,143,621 ,279 0s4 11,034,,355 12,045,474
1,609,448 .133.790 1 *,508,,3 41 12,008.766
3,585
49,,780
43.896
4.045
48,433
556. 589
45.501
522 927
205,895 19V377 1.289,,3981 1.330,879
2,935.052 ,921.80b 34,176,,450 33,658,270
82,483
501,614
507, 862!
70,103
96.209
437,031
41 t, 237
7* ,878
512.884 549,311 3,051,,465 3,4 00,7 /3
2.385.1 « ,614.786 32.115, 897 31,503,398
65,395
813,,795
00,006
709,355
63.361
75,051
75,"51
03. 8 b l
1,020.806 ,182.884 1,020. 806 1,1-2.884
6 >9,953 659,125 8,150. 192 7,508,762
26.645
134,019
120. 934
27.70G
145.300 105,9o6
4.053
4.602
4.002
4.058
12.432
77.711
79.101
11,0 *4
270,502
263.300 270,502
263,30 >
17.652
17,052
21,553
21.553
10.645
52.212
53,853
8.959
235,953 242,037 1,288,080 1,344,947
150, >21 151.057 1,703.544 1,971.159
21.324
1 <23,-115
134,519
19.715
12 s.708 151,630
128,708
151,630
245,787
45.988
224,085
43.163
4,099
61,444
61,444
60/219
60,219
1.250
1,250
9 "0
900
564
10,782
9,016
1,087
836.182
883.701
80,18 L
82.509
108,70 » 120,100
792.900
697,: 00
2,3s0
3,740
11,593
7,746
29.048
29,040
35,213
35.213
19 .-96
100,510
93,571
17.7*7
23.959
3 6 3/2.0
400,812
26.877
170.042
21.761
37.S26
11 1/294
76.029 106.906
106.900
76.029
2,535,611 2,564,435 31,,099,5*9 30,679.830
5,591
02,809
61,104
4.96
29.644
30.548
4.546
4.825
1.034
7,749
5,158
1,588
17.363
141,312
116/294
22.001
594.971 040.561
,338.007 7.429,954
284.700
52.067
253.6J2
55.627
46 068
ls 8 .7 o 2
223.133
41.119
74,601
17.639
75,877
20.780
20,441
37,819
2 6 .'4 1
37,s 19
963
637
687
903
39.016
227,307
216,393
32.7 79
22,032
10,520
90.048 101.126
80.146
73.817
78.817
86.140
227.139
35.049
198.674
37,314
47.007
7,174
42.053
7,800
0,356
938
4,120
920
15.323
1,847
11,951
2,906
290,925
45.008
250. 98
49.005
304.34. 285.920 1,618.122 1,637,789
267,977
74.802
240.329
84,064
71.775
23,136
74.305
24,908
10,32 *
2,351
7,854
3,410
5,113
2.072
0.835
1,573
788,422
788,422 852.415
94,372 105,469
94,072
143.121 154. >97
148,121
1,031.415 1,112.481 1,031,415
3.3 >0
3,350
2,974
8.143
8,143
0.403
852,415
105,469
154,597
1,1 12,48L
2,974
6,463
3H7
Latest Gross E a rn in g s.
Ja n . 1 to Latest Date
Week o r Mo 1896-97. I 1895-96.
1896-97. j 1895-96.
o ads.
$
I
$
Hoo8.Tun.AWil. Decem ber.
3,352!
5,026
44,906
48,063
H ous.ATex.Cen November. 346,713 324,472 2,946,320 3,174,036
Illinois Central t January... 1816107 11920629 + 1,816,107 Til,920,629
ind. Dec.& West. 1st wkFeb.
10.366
6,389 1
46,004
51,117
Ind. 111. A Iow a. December.
65.094
66,904
747J81
769.974
In.A G t.N oi'th’n 2d wk Feb.
69,443
63,025
406,5071
400,365
{Interoo. (Mex.) W k.Jan.30
55,921
41,156
194,306
169.016
Iow a C en tral... 2d wk Feb.
28,955
38,643
179,855
238,803
Iron R a ilw a y .... January...
3,696
4,218
3,696
4,218
Jack. T. A K. W. D ecem ber.
26,407
28,687
308,688
387,469
Jamest’n A L .E . October. ..
3,141
Kanawha&Mieb 2d wk Feb.
8.856
8.388
60.151
56,220
K.C.F.Scott AM. 1st wkFeb.
77,060
74.165
381,988
417,505
K.C.Mem. A Bir. 1st wkFeb.
24,031
23,725
133,921
134,000
Kan. C. N. W ---- January...
24,852
31/257
31,257
24,852
K an.C .A B eat. Decem ber.
370
768
4,993
4.954
Kan.City A Om. 1st wkFeb.
1.390
8/215
26,773
10.362
K.
C. Pitts. A G .. 2d wk 25,797
Feb.
146.801
12,27
69,335
Kan.C. Sub. Belt 2d wk Feb.
6.726
37.632
4.522
29.090
Keokuk A West. 4th wk Jau
8,890
28,952
11,128
36.166
L. Erie A ll A 8o. January...
7.339
6.331
7.339
6 331
L. Erie A W est. 2d wk Feb.
66,927
56,870
381,586
416.622
Lehigh A H u d.. January...
26.477
30,599
26.477
30.599
L ex’gton A East. December.
15.407
10 648
194.894
207,331
Long Isla n d ---- Jauuary...
200.468 205.961
200.468
205.961
Los Ang. Term. Jauuary...
7.736
4.738
4,738
7,736
Loui8.Ev. ASt.L. 2d wk Feb.
25.016
24.679
150.181
159,248
L ou .H en .A S tL . 2d wk Feb.
8,211
8,059
50,827
50,995
Loui8v.ANashv.i2d wk Feb- 385.990 395,580 2,373,960 2,470.427
Louis.N.A.ACh. 3d wk Sept
58.404
73,785 2,209,409 2,272,642
Macon A Birin.. January...
5,500
7,290
5,500
7,290
M auistique....... Jauuary...
10,123
11,194
10. *23
11,194
Mem phis AClias let wkFeb.
18,560
24,665
122/230
147,087
{M exican C ent..;2d wk Feb. 251,099 174,343 1,572,555 1,197.999
M exican Inter’!. November. 2*5.334 231.610 2,667,097 2,378.669
{Mex. National 2d wk Feb. 106,674
104,400
89.499
578,963
Mex. Northern. November.
54,104
36,897!
662,008
624,778
{Mexican R ’ way Wk..J an.30
66.000,
62.000
277,000
239.500
M exican S o.......4th wk Jan
21,800
13.259
53.664
40.4b0
Middle Ga. A A tl.;Noveuil>er.i
10,589
9.663
Miuueap.ASt.L. 2d wk Feb.
34.147
35.588
195.007
2*l’ 6,048
M.
St.P.AS.St.M. 2d wk 56,362
Feb.
55,239
311.055
360,353
Mo. Kau. A Tex. 2d wk Feb. I 217,775 196.548 1,408,311 1,441,495
M o.Pac.AlronM -2d wk Feb. 392,0001 382,Odu 2.513.000 2,5 9,000
Central Br’oh. 2d wk Feb.
20,00u|
11,00 b
1*3.0001
82,000
T otal............ 2d wk Feb.
412,00" 393,00' 2.636.000 2,6*1,000
M obile A Birin.. 1st wkFeb.l
6,020
5,026
33.3531
31/275
Mobile A O hio.. January... 323,77 11 299. *21
323,771!
299.921
Mont.AMex.GLT January...
103/277] 104.700
103/277
1 0 4,7-0
Nash.Ch.ASt.L. Ja nuary... 413.0511 463.599
413.051
463,599
Nel. A Ft. Sh’p’aj December.
9,089!
4,302
Nevada Jentral. Decemi>er.
4.499
37. 238
•3,737
30,156
N. Y. C. A H. R .. ju n u a r v ... 3,139.942 3.477.966 3,13 i,,9-12 3,477,966
N. Y. Out. A W. . 2d wk Feb.
57,546
47,055
360. 771
364,004
N.Y.Susq. A V i . December. 203,615 195.697 2,271. ,567 2,264,018
Norfolk A W esti2d wk Feb. 188,042 199,596 1,*04, ,877 1/280,332
Northes’u (G a.)., November.
59 080
5,473
7.648
47.956
North’u Ceutral! December. 520.120 559.184 6/286, 602 6,500,028
North’ u Paciflo l>t wkFeb. 261,224 282,015 1,197, 630 1,446,538
Oconee A West. D ecem ber.
2.689
3.432
36. 509
29,344
Ohio R iver.........2d wk Feb.
15,952
16,817
100, 262
109 388
Ohio Kiv.ACha.- January.
15,259
18.583
15. 259
18.583
Ohio S outhern..' 1st wkFeb.
16.404
13.499
59 .328
80.017
Ohio V alley....... November.
22, 83
31.584
309 055
334,244
Oregon Imp. Co. December. 256.946 240.328 3/238. 239 3,221,633
Oreg.KK.ANav. January... 297,253 372,938
297, 253
372,938
P a c if ic M a il........ December
•
388,880 378.651 3.908. 501 4,366,032
Pennsylvania.^. December. 5,192,304 5.039,604 62,096, 577 64,027,177
Peoria Deo. AEv. 2d wk Feb.
15.537!
14,142
101, 679
105,066
Petersburg........ Decem ber.
40.907
47,481
549, ,©44
546,227
Phila. A Erie___ November. 476,590! 450,9 72 4,161, 177 4,037,139
Phila. A Read... December. 1,777.445 1 893.608
Coal A Ir.C o.. December. 1 770 9* 2,216 358
Tot. both Co*h. December. 3,548 143 4,109.906
Ph. Read. AN'.E D ecem ber.
55.126
02.598
768,963
687,418
Pitts.C.C.ASt. L. Ja n u a ry... 1.039,151 1,236,770 1,039.151 1,236.770
Pi its.Llsb.A W’ n Jauuarv..
3.821
3.425
3.821
3.425
Pitts. Sh. A L .E . 3d wh Jau.
7,666
12,892
22,048
36,084
Plttsb. a Wes’ n. 2d wk Feb.
25,825
24.147
140,569
1 6 0 / 67
P it t s . C I. a T o L 2d wk Feb.
13,459
13,4*5
72.0L2
83,388
P i t t s . P a . A F . 2d wk Feb.
3 729
2.335
19,087
16,339
Total s y s t e m .. 2d wk Feb.
43,013
39,917
259,794
237,068
Pitt Young.A A. December.
72.120 103.699 1,388/203 1,730 002
Quincy O. ji K.C. January...
21.220
23.387
21,220
23,387
Kioh.Fr’ ksb AP, Decem ber.
52.634
56,858
728,442
695,194
Rich. A Petersb. December.
24.672
28 032
33-,07 5
340 991
Rio Gr. South’ n. 2d wk Feb.
7,650
5,816
51,648
37.007
Rio GrMe West 2d wk Feb.
35,900
239,450
35,200
222,300
Sag. Tuscola A 11. Septemb’r.
11,187
11.353
82,149
85.341
St.L. Cli.A at.P. lau u ary ...
20.865
20,805
23,653
23,653
St.L.Keu’etASo. J a u u a ry ...
5,b01
4.190
5.901
4,190
St.L.ASan Frau. Decem ber. 495,470 502,012 0{O99.4O8 6,005.943
SLL. Southwest 2d wk Feb.
85.000
93,100
633.950
571,600
St. Paul A Dul. Jauuary...
90.035
90 625
96.025
90 635
San A u t A A P Decem ber. 218.273 177,759 2,117,290 1,971,828
SanFrau.ee N.P. Jauuary...
4 o ,3 o l
45.040
45 040
46 301
Sav. Fla.ecWest D ecem ber. 298.988 291.563 3.417,477 3,372 832
Sher.Shrev.ec8o. 4th wk J an
9.249
11,724
27,261
29,530
Stab’rd Air Line Septem b’r. 334.870 256,736
Sil. rtprs. O. A G Decem ber.
188.264
14,173
10.598
172 861
S ilv e rto n .......... Decem ber.
3.551
12.471
52,200
77,140
So.HaveuAEasi J a u u a ry...
1,333
1,024
1,024
1,333
So. Pacific Co.
GaLH ar.AS.A November. 507,190 463.131 4,643.188 4,358.407
Louia’a. West. November.
80,115 112,0 <8
996.653
830 815
Morg .D’sL A r. November. 613/241 701 379 4.696,353 5.327,772
N .y .T . A Mex. November.
40,U6U
17,991
259,402
215,674
Tex. A N . Orl.. November. 130,671
140,14* 1.237,384 1.490,386
Atl. P rop’tes.o Novemiier. /18 208 32 /'1840472 f 1522*241 '16191825
Pacific system November. 2.60*,970 2.915 719 29.118 918 29.898,326
Total of all.e November. 4,503,802 4.750,191 44,342.159 46,090,151
So. Pac. o f Cal. November. 793.185 927,105 9.U02.99U 9,581,985
So.Pac.ofAriz. November. 214.033 216,060 2,000.79- 2,073,491
8o.Pac.oiN.M_. November.
106 841 103,874 1,041,803
994 289
Northern R y .. November. 190,717 191,384 2,031.007 1,840.191
Southern B y .... 2d w kFeb. 403,884 362,861 2,345.541 2,359,215
Spuk.F’ls A Nor IDecember.
27,193
281,442
43,208
439.759
Stateu l.Rap.Tr.j November.
70,540 1.C78.057 1,100.132
77,017
StouyCl. * O.Mt. December.
1.460
1.481
42,571
4 0 023
Summit Branch. D ecem ber.
85,004
91/274
963.299 1,151,131
Ly k. Vai. •Joal. December.
-3 ,499
77,90/
708.507
885,©05
Tot’l both Co’s D ecem ber. 168 583 10J.181 1,849,101 1,919,638
Texas Central..11th wk Jan
19,414
5.015
7,5u4
22.018
Texas A Paul tic. 2d w kFeb. 120.765 118,711
842,312
852,509
Tex.S. V .A N . W. Jauuary...
3.454
2,894
3.454
2,8 h4
Tol.AOhloCent. 2d w kFeb.
200,930
29,288
30,893
200,730
FHK
iSt>8
Latest Qraii M am m y*
Jan. 1 to I.a tn t Pate.
1896-97.
Water M 1B9B97 1895-96. !89e-97
T sA T. A W «**.,.-L* « > W » .
20,861!
4S,6<iSj
w «kw >
CJ*«s* 4 9*aw. ittepMUnnr ■
© id ea Paeiae - ,
Cn. f t e . B it. 1D ecem ber-.
M A U 0 .X OahesAbef. *73,591
'30,98 i!
9t,Jfl*.AOd.I« .; '. « kVel»
20,0o«;
OMtl&aaaho 2d wk Fait.
AakuCblA P- { December
33,623
Aeh.J.C * w l
( k s . t ( * L 'd i December
*, Steegmhar
C . F a * IX 41 (i
24 wk F*l>,
Wmoo* Narth*
W Jet-M -yAV-a'* Jhjwtuiber
W.V
A FHS January..
W wt Y » A PHI* Wre-mbcr.
W«0%ess o f x i* Deeeraber
fw U .t .* P > UtwkFeb,
83.13 '
1,977.027
373,591'
810,59:
35,08 153.81?
8*.7 I f
31,067
00,970
53.001
17,03*
74,88? j
8.$13!
5,731
C H R O N IC L E
19,470
*
91,982
399.811
313.002
»
107,971
232.521
319,163
: 14,382,291 14,336,291
4 7 1 ,0 7 7 5,578,873 5,391,197
59,328
104,341
10,435
82,000
123,000
11,004
276,703
335,087
27.703
021,473
781,00s
33,939,671- 22,273.548
3,091,486
3,101,711
201,108
213. IF 1,259.072 1,391,813
287,798
378,23-t
97,462 ;
31.188
63,57!-
48,20«
15.G-3
73,718
S,40( 1
S4.710
357,893
593,127
261,300
109,550
414,18
92,964
............
97,488
349,915
656,058
247,378
142,891
416,680
85,728
id wk Feb.
M wk Feb.
WttiEbter.ATtsr lifHS'rubf'V
York *,;:.nhrrr No vetnbo r
- rs*u :c» s ; i f o -i» cut include Oregon B y. A Nav.,U n. Pao. D e n ve r*
Ui>y Denver l.«-.t4vUH* A Gunnison, M ontana Onion anti Leavenworth
Tov-'ka A “ -57: s e v r o . a TheaeHtcures Includeresultson easedllneg.
* loelnde* earning* from ferrte*. e tc., not given separately, i Mexi•an earrenor. c Include* only h all o f Unee In which Union Pactflo has
Mattel. A U Krl
» i*CO!.-»IOC«tlt
I l l week o f February.
1895-90.
opt-rations o f the Ohio. Burlington * Northern In b o th
year*.
> rov ers results for lines directly operated east o f Pittsburg.
•Include* result* on alHUated lines.
fO overstxuiiles the AM antlesrstem tli ? Houston * Texas C entral
Austin A Sort awe-dent. Central Texas * Northwestern and Ft. W orth
* Sew Orleans.
t Insladt-s 6t. Louis Alton A Terre Haute fo r all periods.
Bvanav. * T erre H aute..
Flint * Per® Marquette..
Fla. Cent. A P eninsular..
G eorgia...............................
Grand R a p id s*In d ia n a
Cincinnati R. A Ft. W.
Traverse City................. j
Musk. Gr. Rap. A Ind .
Grand Trunk o f Canada
Indiana Decatur A West.:
Kan. etty F t 8. A Mem..
Kan. City Mem. & Blrm.
Kansas City A O m a h a ...
Louisville H em l.A St.L ..
Louisville A N ash v ille...:
Memphis A Charleston..
Mian. St. P. A S. 8te. M ..Mobile A B irm in gh am ...
Norfolk A Western..........
Northern Patsitto..............
Ohio Southern..................
So. Joseph A G d .Islan d..
St. Louis Southwestern..
Southern R ailw ay..........
Toledo Peoria A West’ ll..
West. N. Y. A Pennsylv
Wheeling A Lake E r ie ...
Total ',73 r o a d s ) ..„ ___
Net inorease (301 p. 0.1..!
[Voiu L X IV .
1897.
1896.
8
17.286
52.C07
46,0a8
01.79 i
34.407
6,942
987
2.738
304,34 i
10,386
74 ,1624,031
8,215
7,434
380,917
18.586
61,170
6,u20
183,900
261,224
16.404
30,98-1
90,8t>t
3 /0 ,4 8 9
20,86 *
53,000
16,674
#
20,911
55,027
41,119
4", 3 0 !
3 6 ,0 1 1
6.858
989
2,706
235,92c
6,380
77,060
23,725
1,390
7,674
336,310
24.665
6 2 ,.7 .
5.026
192.770
232.615
13,489
10,425
102,600
352,284
10,476
48,20
26,628
1,073,518
5,896,138
Increase.
$
4,919
_______
84
-fl-t-b
32
18,424
3,977
300
6,825
994
_,T, T___
2,905
20,559
18,205
1,393
4,810
341,473
177,380
Decrease.
$
3.625
3.560
8,513
1,004
1-- ■2
2.895
___
240
5,385
6.105
1,293
8,861
21,391
.n
11,800
#
9,954
164,033
Net Earnings ttontuly to Latest Oates.—The table follow
ing shows cue net earnings o f Steam railroads reported this
week. A full detailed statement, including all roads from
which monthly returns can be obtained is given once a month
in these columns, and the latest statement of this kind will
be found in the Chronicle of January 23. 1397. Hie next
will appear in the issue of February 27, 1897.
.-----Gross Earnings,----- ..------We? E arnings.------Latest liross Warnings by Weeks,--The latost weekly earn
1896.
1895.
1896.
1895.
ing* m tbe foregoing are separately summed up as follow s;
Roads.
$
$
$
$
ret th* st.cor.tl week of February our preliminary statement Atlanta A W. Point.,Deo.
52,214
39,035
25,314
26.393
Jan. 1 to Deo. 31..... 531,430 507.527 2 LI,147 206,937
cover- Vi roads, and shows 4'3? per cent increase in the ag
July 1 to Dec. 31..... 290,413 293,097 122,407 124,714
gregate over the same week last year.
Atlantic A Pacific....Dec. 314,497 317,659
85,701
55,115
Jail. 1 to Dec. 31___ 3,530,561 3,580,116 759,208 358,646
Increatc. Di e-tase.
1897.
1896
July 1 to Dec, 31..... 1,047,061 1,776,577 3 75,695 165,519
Baltimore A Ohio.b.Deo. 2,177,804 2,061,040 559,385 617,494
*
$
8
S
July 1 to Dec. 31..... 13,513,349 12,733,016 3,384,812 4,101.335
6,783
24,853
Alabama S t Southern..
31,636
Bangor
A Aroostook. Deo. 60,890
45,423
23,000
16,764
22.0; 9
21.630
399
Jan. 1 to Dec. 31....... 719,718 722,533 279,944 239,200
4,19e
116,877
Bait. A Ghio SouthwmL.
112,681
54,565
241
BtiSalo Koch. A Plttsb'g
54,80t:
Buffalo A Susqueb.a.Dec. 47,238
37,865
21,128
15.319
16,Out
307,006
323,00'
Jan. 1 to Deo. el..... 540,295 -131,316 261,669 191.949
20%895 105,377
10,518
309,781 257,333 170,703 126,733
July 1 to Deo. 31...
12,375
Obloatfco A Bmt. Illinois82,483
70,108
Atlantic—
512.8*4 549,311
ChlcaxoMilw A8t. Paul
36,427 Canada
July ) to Dee. 31..... 341,620 313,147 *111,921 117,416
14,004
12,43*:
Ole.
& Maok. - -- *
1,572
610,133 582.818
Jan.
1 to Dec. 31.....
192,770 192,965
Clev. Lorain A Wheeling
21.324
19,715
1,609
.......
25,119
24,369
Denver & Rio 0rfcBde,,.
108,700 126.100
17,400 Ohio. & West Mioh,..Deo. 124,022 128,227
Jan. I to Deo. 31..... 1,612,617 1,721,047 321,141 310.950
Bvmmw, &- Indianapolis
4,54b
4,825
277
B?an*v. A Terre Haute.
17,363
22,101
4,738 Det. Lana. A Nor.ii.,Deo. 100,393
90,631
6,854
20,210
32,779
39,6 0
6.837
Jan. 1 to Deo. 31..... 1,171,282 1,149,654 149, L61 254,295
22,092
10,520
11,57EdiaonEl.
n,Co.,N.Y.
Jan.
240,299
218,181
124,544
106,856
©?%mi Rapid# Indiana
35,049
37,314
2,265
Qn. Riefi. & Ft. W&ja**
7,174
7,80
632 Lake Erie AWest. b.. Deo. 287,026 810,720 135,087 149,355
Jan. 1 to Deo. 31..... 3,344,274 3,519,104 1,427,016 1,802,938
920
938
18
Hm* Or. Rapids & Ini
2,965
1,118 Memphis A Chas’n...Dec. 145,636 148,401
1,847
56,194
53,0-1
LaSeni’l A Ot. N'orth'u ..
63,025
69,448:
0,423
Jan. 1 to Dec. 31..... 1,325,395 1,266,936 298,037 211,222
24,955
38,643
9,388
July
1
to
Dee.
31____
729,310
752,453
222,018
212,264
Harmwb*& Minldgan,..
8,856
8.388
408
Nash.Oh. A St.L.b..Jan. 113,051 463.599 138,052 174,437
Kan. City PHteb. A Golf
25,797
12,276
13,521
July 1 to Jan. 31___ 2,979,070 3,099,329 1,148,449 1,258,305
Kaa. City Suburb, Belt.
6.7211
4,522
2,204
New
England—
Lake Erie A Western__
66,9271
50,870
10.057
Oot. 1 to Deo. 31..... 1,331,600 1,650,558 326,923 507,642
LoaDv. Evans*. A HL L
25,0161
24,679
337
Jau.
1 to Dec. 31..... 5,394,806 6,156,382 1,215,612 1,839,590
Lonla-r. Head. & St. L...
8,0591
8,211
152
Jersey A New York—
jUmlSTUie A Nashville..
385,990: 395,580
9,590 NewOot1
to Deo. 31........
63,327 86,215
1,496
10,337
Mexican Central.........
251,093 174,343
78,756
Jan. 1 to Deo. 31........ 282,305 350,543
66,338
06,880
Mexican National...__
106,674
89,499
17,175
N
.
Y.
Ohio.
A
St,
L.b—
MthhcapoM* A St. Louie
34,347
33.588
1,241
Oct. 1 to Deo. 31..... 1,478,246 1,820,985 438,819 502,111
Mine. St. P. A 8. S. M__
66,362
55,239
1,123
Jau. 1 to Deo. 31..... 5,587,768 6,317,951 1,196,759 1,428,558
Mo. Kama* A Texas__
217,775 196.548
21,227
Mo. Faetffe «&Iron Mi....
392,001
382,000
Ohio River.b......... Deo.
78,073
8u,703
10,000
24,756
32,480
Centrai Braceli,.......
Jan. 1 to Deo. 31........ 968,670 887,241 326,745 319.513
20,000
11,00:
9,000
9* Y. Ontario A Western
57.541
47.855
9,691
Oregon Imp. Co.a... Dee. 256,946 240,328
40,747 def.4,508
Norfolk A We*tern----148,042 199,596
11,554
Jau. 1 to Dec. 31..... 3,238,239 3,221,633 399,495 363.513
Ohio River.................
15,952:
10,817
865 Pitts. 0.0. A St. L...Jau. 1.039,151 1,238,770 296,816 301,564
Peoria Dec. A Bvanev...
15,537
14,142
i.395
PitUburg A Weittern.....
43,013
39,917
San Fr. A N. Pao..... Jan.
45,040
46,301
6,112
3,096
896
Rio (jrsad* Souibern...
5,SIC1
7,050
July 1 to Jan. 31..... 447,506 495,036 162,148
161,056
1,834
Ric Grand* Western....
8S,900i
35,200
700
71,093
Tol.
Peoria
A
Wost.b.
Jan.
88,495
14,935
24,096
BLLoot* Sou!iiwe*!*-rn.
85*000
93,100
8,100
July 1 to Jan. 31..... 539,286 619,755 131,789 163,246
Boathem Ra*1»aj .......
*08,884 362,861
41,023
Un. P. D. A Gulf, b ... Deo. 272,591
261,162
98,154 104,902
Tfx%m & Pacific..........
120,705 118,711
2,054
Jan. 1 to Dec. 31..... 3,101,716 3,091,486 703,851 778,208
Toledo A Ohio Ceiitral .
30,893
29,288
i,805
ToL 8t, L. A Kan. City..
42,045
33,973
8,67k
Union Paelilo—
Wshaik. .. .............
210,589 213,306
Union Pao. Ry..b..Deo. 1,175,593 1,142,431 351,639 367,757
2,777
Whmling A
Eric..
17.038
15,683
Jan. 1 to Deo. 31. ..14,382,291 14,336,291 5,307,440 5,498,969
i,355
ii tseemdti OcotmL......
74,883
73,718
1,105
Oreg.S.L. &U.N.b..Deo, 473,591 471.077 183,518 238,380
Jan. Tto Deo. 31... 5,578,873 5,391,197 2,419,500 2,420,639
m
, ...... 4,670*223 4,474,881 307,591 112,231 8t.Joe.AGd. Isl. b..Deo.
83,545
49,152
24,410
4.977
Jan. 1 to Dec. 31... 724,169 614.078 152,358 110,720
■*t Intmua* '4-37 p, «.».
... ...
____
...a....
195,357
45,855
Cent. Branch.b....Dec.
50,214
29,539
18,769
Jau. 1 to Doc. 31... 145,921 344,770 209,588 105,400
For the first week of Kebmary out final statement covers
Atcli. C. A Pao. I b n ,,
7 i roods, an-1 shown ;s*01 p.»r nmt increase in the aggregate
33,623
27,703
3,419
1,708
ALJew.O.AW. J-"' 0
over the m m e week last year.
Jau. 1 to Deo, 31... 335.087 276,703 def.21,373 dof.43,751
1,977,027
Grand
Total,
b
..
Deo.
____
1,861,795 053,460 671,868
Jan. 1 to Deo. 31...22,939,670 22,273,548 8,319,463 8,331,405
----- -- -**1week o f February,
1897.
1896.
Increase, Decrease.
25,294
63,578
29,151
West’ll of Alabama.-Deo. 60.976
#
556,058
222,597 201,724
Jan. 1 to Dec. 31..... 593,127
*
9
%
Pr? r'iy reported (» 4 *'#*):> 3,465,660 3,275.080
July 1 to Deo. 31..... 335,881 322,557 142,495 131,862
241,474
50,894
Alabama tit. fkniibern. ..:
31,767
25.017
6.720
07,402
31,544
31,474
West Va. Cent. & P..Jan.
84,710
tU n tllp A DstivlUft,.....
9,538
10,113
580
Ju ly 1 to Jau. 3 1 .......
071,990
714,416 229,355 250,699
81,7*5
Burt. 0*4. fblfr A So* tit.
75.714
6,031
a Net earnings here given are after deducting taxes,
OM--. A w m€ M ichigan,,. ■
26*645
27,70fi
1,061
b Net earnings here given are before deducting taxes.
Ckn. Jackser, AM ahklbaws
13.247
12,516
729
* Increstr -In expenses duo to expenditures for permanent improve
CSttVB- ('fcnlfl!, * South'n i
10.645
8,959
i,686
ments.
raev. o w . cisic- a «t . l
235,953 242,687
6,734
UV-r. Loralh A WhrrJ'ts
19,310
21,439
Xtrj(i, j.
2,043
Interest Charges aud Snrplns.—The following roada, in
Dot. fid. R ap id, 4 We*?- i
10,806
17.787
2,100
D nisth s, h. a A tlnottc...
21,761
addition to their gross and net earnings given in the foregoing,
37,926
16.065
5,09!
Utransv. A Indianapolis.
5,280
205 also report charges for interest, &o., with the surplus or deficit
BYstisv. A R ichm ond.. . .
1,034
1*588
554 above or below those charges.
2d •reck of February
THE CHRONICLE.
F e b r u a r y 2 0, 1 8 9 7 .J
Roads.
Bangor «fe A roostook. Deo.
Jan. 1 to Deo. 31.......
Buffalo A 3usqiielTa..Dec.
July 1 to Dec 31. . . .
Ohio. & W. Mich........ Deo.
Jan. 1 to Dec. 31.......
Det. Lans, & N or...... Deo.
Jan. 1 to Deo. 31.......
L. Erie Sc West’ Q...... Dae.
Jan. i to Dec. 31.......
Nashv. Chat. Sc St.L. Jan.
July 1 to Jan. 31____
Pitts. C. C. A St. L ..,Ja n .
Ban Fran. Sc No. Pao.. Jan.
July 1 to Jan. 31.......
Toledo Peo. Sc W est..Jan.
July 1 to Jan. 31.......
1896.'
$
22,007
262,053
12,638
76,453
35,846
403,334
15,370
234.274
60,433
709,626
125.881
876,267
302,262
19,104
133,729
2 2.673
161,684
1895.
$
13,939
219,973
12,414
63,977
33,846
405,13 3
29,368
333,320
59,502
701,735
124,118
876,512
286.827
1L 212
134,436
21.618
144,050
-Bo.-, o f Net Harn.* —*
1896.
1895.
$
$
993 d e f.2,175
17,836
19,227
11,460
2,705
94,252
57,806
def.9,927 def.9,477
*df.8 7,223 def.85,18 3
def.8,516 def.9,653
def.85,113 def. 84,525
74.624
83.853
726,390
901,203
12,171
50.3L9
272,182
331,793
def.5,446
14,737
def. 12,992 def.18,316
23,419
26,570
2,478
def.7,738
def.29,395
19,196
369
Street Railway Net Earnings.—The following 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 plan as that for the steam roads—
that is, we print each week all the returns received that
week, but once a month (on the third or the fourth Saturiay) we bring together all the roads furnishing returns, and
the latest statement of this kind will be found in the
C h r o n i c l e of January 23, 1897.
The next will appear in
the issue of February 27, 1897.
-------Gross E a rn in g s . ------,,------Net E a rn in g s .— —,
1896-7.
1895-6.
1896-7.
1895-6.
Roads.
$
$
$
$
Akron St.Ry.&Ill.Co.Dec.
18,968
20,523
9,764
8,861
Jan. 1 to Deo. 3 1 .___
210,247
189,256
83,117
80,537
Anderson Eiao.(Ind.) Jan.
4,29 J
3,949
2,338
1,741
Atlanta Railway ....J a n .
5,155
5,370
167
555
1,422
Bath St. Ry. (N .Y .).-Jan.
1,311
def-68
def. 20 J
6,336
6,927
2,152
* A fter a llow in g for other incom e from Jan. 1 to Deo. 31 there was Bay Cities Con.St.Ry.Jan.
def. 126
a deficit o f $85,727.
Binghamton St. R y ..Ja n .
10,029
9,767
2,412
3,163
Brockton Con.St. Ry.. Jan.
22,913
19,657
7,022
6,120
STtiEET RAILWAYS AND TRACTION COMPANIES.
B’klyn City & N ew tow n—
The following table shows the gross earnings for the latest
Oot. 1 to Dec. 31.......
136.591
141,856
42,283
53,935
period of all street railways from which we are able to obtain
Jan, 1 to Deo. 31.......
535,570
591,451
202,957
221,916
weekly or monthly returns. Tne arrangement of the table is Chester (Pa.) T ract...Jan.
12,806
12,632
”5,012
6,053
the same as that for the steam roads—that is, the first two 01ty Eleo. ( Rome.Ga.) J an.
1,433
210
1,418
215
columns of figures give the gross earnings for the latest Denver C oa.Tram w.. Jan.
54,5 40
53.993
21,557
20,319
week or month, and the last two columns the earnings for Detroit E leotrio R y ..Ja n .
33,463
35,134
10,437
9,919
the calendar year from January 1 to and including such latest Galveston City R y ...J a n . 14,703
13,259
4,267
2,952
week or month.
Herkimer M ohawk Ilion
& Frank. El. R y ...J an .
STREET RAILW AYS i l l ) TRACTION COM PANIES.
3,597
3,435
1,443
1,567
Inter-State Consol. Street
tan. 1 to Latest Date.
Latest Gross Earnings.
Ry.
(No.
Attleb
)...J
a
n
.
8.913
7,762
11
449
O boss
Lehigh’ T ra ction ....... Jan.
8,702
E ARMINGS.
9,603
t950
4,133
Week or N o 1896-7. 1885-6. 1896 7.
1895 6.
Lowell Lawr’ce A EL. Jan.
27,541
26,725
7,845
6,756
*
*
9
Manhattan E levated—
Akron B edf’d A Clerv. D ecem ber.1 5.782
91.688
Oct. 1 to Dec. 31....... 2,482,990 2,493,114 1,135,600 1,039,912
210,247 189,2 6
Akron Bt.Ry.<fcI1L Co Decem ber. 18,968
46.655
4 *.178
Amsterdam 8t. B y. Decem ber.
3,983
Jan. 1 to D ec. 31....... 9,123,112 9,402,773 3,717,649 3,868,814
4,290
3,940 New Loudon St. R y..Jau.
Anders’ DSt. R y.dnd.) Ja n u a ry...
-1.290
2.701
2,636
555
357
368,715 *471,112
A tl. Consol. St. R y ... D ecem ber. 29,250
5,155
5,370 Rochester Railw ay—
Atlanta Railway. . . . . Ja n u a ry...
5,155
195,067
212,723
Oot. 1 to Deo. 3 1. . . .
52,105
86,831
90,518
Baltimore T ra ctio n ... January .. 90,518
87,326
Jau. 1 to Deo. 31-----847,440
253,534
859,738
342,270
1,311
Batb 8t. Ry. (N. Y .I.. January...
1,311
1,422
6,333
6,927 Schenectady Ry.—
Bay Cities C onsol___Ja n u a ry...
6,3<6
10.029
Binghamton St. R y ... J a n u a ry... 10,029
Oct. 1 to Deo. 31.......
9,767
12,836
4,553
32,410
31,773 •ichuylkUl Traotion..Jan.
Bridgeport Traotion. 2d wk Feb.
4,871
7,976
3,762
7,931
3,595
2:7.918
Brockton Con. 8t. Ry. January .. 22,918
19,757
Scranton R a ilw a y ...J au.
27,572
25,430
12,225
11,783BrTrtyn Rap.Tr. Co.—
Brooklyn H eights.. Ja n u a ry... 139,762
339,762 333,643 SoraatonA P itston ..J a n .
4,730
1.687
. . . . ...
B r'klyn Qu’ na A Sub Ja n u a ry... 53,128 43.801
48.801
5 J, 1*28
Rap. Trans. Ry.
312,890 382.441 Syracuse
Total for system . Ja nuary... 192,890
Oct. l to Dec. 3 1 .....
31,921
97,303
1,369,227 1.3J7.774
Buflalo Ry ...................December
12,803
12.6 P2 Utloa Belt Line St. R y .—
Chester Traotion....... January... 12,801
40,2
15
Oot.
i
to
Dec.
3
l
,
.
.
.
39,558
15,300
10,566
704.641
Ohio.
So. Side R T . De em ber. 65,411
742,092
150,282
Jan. 1 to Deo. 3 i .......
170,004
66,515
54,986
1,43*4
City Eleo. (Rome.Ga.) J a n u a ry...
1.418
1,448
Cleveland E le ctric... Ja n u a ry... 121,171
12 4,178 125.408 Waterbury Tract’ n ..Jan .
19,071
21,456
7,938
9,320
Cleve. P a in sr.& E ___ Decem ber.
4,993
39,419
20,335
20,910
33,858
73,437 Wilkes b. A Wy. Vy.Tr.Jan.
Columbus St. Ry. (O.) 2d wk Feb. 10,631
e s ^ ii
319,634 358,00 >
Coney Island or B'lyu. November. 21,303
Consol. Traction. N.J Septem b'r.
245.538 2,092,756 1,869,635
Method of reporting expenses chan ged; each m onth now being
Danv. Gas El. Light A
charged with its full proportion o f all expenses.
Street R y ................... November.
9,209
8,845
t Expenses this year laolude $3,000 paid for insurance prem ium s.
54.540 Sea.
D enver Con. Tramw. Ja nuary... 53,998 54,540
53,998
33,463
35,134
Detroit Elec. R y .........January’ ..
33.463 35,134
Duluth St. R y............... D ecem ber. 16,255 17,710 225,9 '2
236,169
Interest Charges and Surplus.—The following Street
Erie Elec. Motor C o.. Ja nuary... 10 258 10,835
10,258
10,835
13,2 59 railways, in addition to their gross and net earning! given in
Galveston City R y ... Ja nuary... 14,708 13,259
11,708
Herkimer Mohawk Iithe foregoiag, also report charges for interest, &c., with the
3,597
lo n & F ’k fo rtE l.R y . January...
3,597
3.435 surplus or deficit abjve or balo w those charges.
Hooslok R y ...................Ja nuary...
482
482
555
555
•Inter’ t, rentals, etc.—. -—Bat. o f Net E arns.—
Houston Eleo. St. Ry. January... 14,309
14,309
14,405
Interstate Consol, ol
1897.
1897.
1896.
1896.
North A ttleboro___Ja nuary...
8943
7,762
8,943
Roads.
$
$
$
$
Kingston City R y.......December.
4.401
4.655
18,222
17,803
3,335
2,516
Lehigh T raction........ January...
9,603 Denver Con. Tram w. Jan.
8,702
9,603
8,702
L ondon St Ry. (Can.). December.
5,417
94,196
7,635
8chuylkill T ra otion .. Jan.
1,512
2,083
1,679
2,683
Lowell Law. & H a v .. January... 27,541 26,725
27,541
26,725 Waterbury Trac. G o.. Jan.
6,162
3,130
3,158
4,838
Lynn <fc B oston.......... 2d wk Feb.
21,149 20,795 133,762 128,876
Metrop. (Kansas City) Istw kFeb. 32,736 33,561
M ontgomery St. R y .. December.
4,333
50,664
4.695
57,210
95,057
Montreal Street R y ... January... 99,636 95,057
99,636
Nassau Elec. (B'klyn) January. .. 109,624 25,538 109,624
25,538
A N N U A L
R E P O R T S .
Newburgh E leotrlo... December. [5,150
8,430
New England St.—
W inchester A v e .... D ecem ber. 15,385 15,405 244,408 231,945
Annual Reports.—The following is an index to all annual
P lym ’ th A Kingston December.
30,472
2,093
2,095
33,520
T o ta l........................Deoem ber. 17,478 17,500 277,923 262,417 reports of steam railroads, street railways and miscellaneous
40,252 companies which have been published since the last editions
NewHavem fcCentrev.iOotober...
4,562
4,769
47,364
New London St. R y ..'J a n u a r y ...
2,686 of the I nvestors’ and Street Railway Supplements.
2.701
2,686
2,701
New Orleans Traotion 'Jan u ary ... 99.963 105,011
99,963 105,011
This iod*x does n o t include reports in to-day’s CHRONICLE.
N. Y. <St Queens G” y ... 'Jan uary... 24,331
21,311
Ogdensburg St. R y .. Ja n u a ry...
1,059
1,031
1,059
1,031
Note.—Full face figures under street railways refer to
Paterson R y ................Decem ber. 25,365 25,568 319,017 298,691
Volum e 64.
Plttsb. Ft.Sub. El.Ry. November.
1,321
14,44*2
St r e e t R a il w a y s .
R a i l r o a d s ajcd M i s c e l . C o ’ s.
P o’keepsle Sc Wapp. F. Decem ber.
86,133
6,065
6,458
V o lu m e 8 6 3 a n d 6 4 —
P a g e.
Volume 6 4 —
Page.
Rochester R y ............... Decem ber. 74,263 71,000 847,410 859,788
A
k
ro
n
B
e d fo rd A C leveland R R ,. 1 7 S
A
la
b
a
m
a
G
rea
t
Southern..................
825
Sohnylkill R ailw ay... January ..
7,976
7,981
7,976
7,981
B altim ore City Passen ger R y ....... 1 7 7
A la . N. O. A T e x . P a c. J u n e ...........325
Schuylkill Val. T rao..; January...
4,163 A
3,509
3,509
4,163
e rica n D i s t . T e l .............................. 32? B a ltim ore T r a c tio n . ...........2 S 5 , 3 2 6
__ A m
Scranton & Plttston.. Ja nuary...
4,730
4,730
m erican S oda F o u n t a in ................... 281 B rockton C o n so lid a te d ..................... 1003
Scranton R ailw ay___'Jan u ary... 27,572 25,486
25,486 A m erican Straw B o a rd ............. . . . 327 B ro o k ly n E le v a te d .............................. 8 0
27,572
32,224 A tla n tic & P a cific................................ 17« B rook lyn R apid T ra n sit.................... 8 0
Seoond Ave. (Plttsb.) January... 32.362 32,224
32,362
1156
71.733 B altim ore C hesapeake & A tla n tic.. 234 Buffalo R y ..............
Sioux City Traction |November.
71,739
6,183
6,829
176
SyracuseE ’ st-SideRy. January...
2,658 Central R R . o f N ew J e rs e v .................283 C hicago City Ry .........
2,441
2,411
2,658
U nion T e le p . (C h ic a g o ). . . 328 C h icago A So. Side R. T ....................1 7 7
33,301 Central
Syracuse Rap. Tr. Ry. January... 32,190 33,301
32,190
C h icago G reat W estern , half year.. 325 C leveland P a in e sv ille A E a stern .. 2 8 4
Terre Haute E l’c. Ry. October. .. 12,450 11,997 137.764 120,771 C
nlcago A N o rth -W e s te r n .................. 263 C olum bus Street R y ...........................2 3 2
2,626,898 2,615,152 C h icago P eoria A St. L o u is....... 284, 346 G lob e St. R v . (Fall R iv e r )................ 1061
Third A ve. (N. Y.) .. Decem ber.
73,970 C hicago St. P. M. A O m aha.............. 231 L ake St.. E levated, C h icago.
Toronto R y ..................'Jan uary... ■74,546
177
74,546
Twin City Rap. Tran. Decem ber. 171,523 168,413 2,037,933 1,964,770 D elaw are A H u dson C a n al.............. 231 L eh igh T ra ctio n o f H azleton , P a .2 3 2
14,605 D elaw are Lack. A W e s t e r n ............ 231 L ow ell L a w ren ce A H a v e r h ill....... 1061
Union (N. B edford)... January... 15.865 14,805
15,865
L
ow
ell
A
S
u
b
u
rban
.....................
1061
iam ond M atch ................. . ....... 285
United Tract. (Prov.) Ja nuary... 129,183 131,574 129,183 131,574 D
Edison E lectric 111. o f B r o o k ly n ... 231 L yn n A B o s to n .......................... 1007,1118
12,251 Edison
11,677
Unit. Trao. (R eading)'January..
11,677 12,251
E lect. 111. o f N. Y..281.327, 332 M ontreal S tre e t................................... 8 0
3,22 i G eorgia R ailroad..........................— 231 N ational R y . (St. L o u is ) .................. 2 8 4
Wakefield Sc Stone___ January...
3,285
3,235
3,228
21,456 G reen B ay A W e s t e r n ..................... 178 N ew O rleans T ra ction ( L t d .) ....... 1 7 7
Waterbury Traotion.. January... 19,071 21,456
19,071
Wheeling R ailw ay.. December. | l a ,817 11,702 167.993
149,079 H u n tin gdon A Broad T o p ................ 326 N orth C hicago St. R R ....................... 1 7 6
orth Shore T r a c tio n ......................... 1118
39,419
38,853 Illin ois s t e e l .......................................... 327 N
Wilkesb. A Wy. Valley January... 39,419 38,858
O regon Im p ro v e m e n t C o .................. 284 R o ch e ste r Ry ......................................... 965
Wilmington St. R y ... Septemb'r.
3.092
3,458
Philadelphia A E rie.............................. 386 Springfield (M ass.) St. R y ................ 1061
Worcester Consol...... O c to b e r... 40,109 39,018
. . . . . . . . Ph lla. W ilm in gton A B a ltim o re ... 178 U nion St. Ry. (N ew B e d fo r d )......... 1001
Worcester Sub.St. Ry. ;Septemb’r. 14.291
...........
P ittsburg A L ake E r i e ..................... 230 U nion T ra ctio n Co., P h il................. .1000
* Figures were exceptional In 139 >on account o f Atlanta Exposition
{ Decrease In earnings due to factories being shut down.
T re n to n P o tte rie s............................... 327
W estern M aryland ............................ 178
U nited T raction , R ea din g, P a .. .. 1 7 7
W e s t C hicago St. R R ......................... 1 7 6 W e s t Eud St. R y . (B o s t o n ).............. 905
TH E
2TiO
C H R O N IC L E
tVOL. 1.X.IV.
llelaw are It Hudson Canal Co.
Chiratfu * Alion Itailroad.
( Report for the year ending Dec, SI. 1896.)
fm p •r< fur th e y e a r e n d in g D ee, S I, 1898. J
President, R M. Olyphant says:
KmnM mi T. B. B b cb lo n ^ in tie report says:
General Results,— The net profits of the business amounted
Utt
B
-1
be
number
of
pu*Kenger»
transported
dur*
%g0WSf€Uto $1,706,013, or a little over 5 per cent, a result which, in
i 2!,!575 more, and the number of tone of freight view of the extraordinary depression in all business interests
itig ihm j e
T
h
e
av*
1
,
ve.
1
t
,4111
m'f.i'iXK) of a cent, of the country, should not be regarded as unfavorable. In
wr t<no jw,r m ile w :„i in 1
t H pHi
view of such out-turn, however, your managers have deemed
1ih»> of a cent.
„ , it the part of prudence to reduce the dividend for 1897 to 5
mn4 to l£9
of
tort.—In
our
l;u»t
annual
report
we
called
E^tmh
psr oeut, thinking it wiser to follow the actual figures, even
to the oxcerstw taxation of railroad property while hoping for a more favorable showing the coming year.
IfCllf »ttr !
T
C
1
1
(,
number
of
milts
of
railroad
u»ou
which
iH tbi* W
The total output of coal, the amount produced by your
„ paid taxes has rent lined unchanged for company and the amount transported for others were as fol
..».{) years. Yet as the net earnings hare lows. J For comparison we add the years given prior to
axes hare itu-rea.the
Mi*®*■'d.
*•*$M
M taxes amounting to 1896 —E »S .]:
uid $313,745 in. 1894, the percentage of taxes to
1898.
1895.
1894.
1800. 1887.
1893.
lotte (000s omitted).
rom -I
lA per cent in 1880 to 11}4 Total
4X
40,511 41,391 •13,089 35.855 31,880
output.........
ti«f. mmm Bftv ing increased from
4,063
4,348 3,997 1,407
Produced by D. &H........4,228
per em i Mft |$96(
1,803 1,751 1,710 in st
981
I V o r ia .—Since Sept, 30. 1895, trains of your Carriedfor other companies 1,013
Tme&ii
Total tons carried.... .. 6,880 8,151 5 751 6,177 4,915 6,047
mmpmy have b« ert run daily between Chicago and Peoria, usat the Toledo Peoria & Western BE. between
The operations of the leased lines show a slightly* decreased
in it tile, tf
W ariftnp op A*ti!d Peoria, a distance of twelve miles, Gon- loss, being 818,243, as against $39,047 for the previous year.
Life o f Coal Lands.—Stockholders frequently ask about
gkltrstil# traffic■ has been developed, but the margin of profit
been it*ery &t’uad. It is hoped that more favorable terms the coal lands of the company, and the possibility of their ex
mmf b® o htaiaeid for the use of tracks and terminal facilities, haustion. Careful reports on file in this office show that coal
* . that U Will Iprove for the interest of your company to eon- can be profitably mined from our properties for from sixty to
ihM traffic which has thus far been largely experimental, seventy years, with an annual output as large as in any
s m m i C9<~£t rious st itiatica of interest are as follows:
previous year.
1893.
1894.
1895.
Improvements—Guaranteed Debentures.—The double-track
1896.
DttcrtpH
traffic.
ing of the Albany & Susquehanna RR. has been completed
*r# e*r’«it. 2.191,044, 2,169,109 1,979,933 2,181,747 and paid for, and places the line in admirable condition to
1,690,221 1.974.430
Of which I cat.... *i,ti«4.2*'0 2,061,672
take care of all the business that may be offered it. at a re
$*ms~out•njtte......1 0 4 ,6 4 2 ,4 8 2 110,447.175 #8.610,298 157,984,433
72 miles duced cost for handling. The business of the New York &
39 miles
51
miles
48 m iles
ay. ill*.«wch pm
1-84 els.
2*07 eta.
2-04 ets.
1*93 ets.
UmXc imt-mile..
Canada RR. has required expenditures for permanent im
x»
$1*46 provements from year to year since it was first opened. On
$1-09
$1*09
$103
fraiti itiii#,.....
Vraljeht'Trf«nu*
account of advanoes made by this company for such pur
3,241,279 2,774,228 3,123,533 pose, as well as for its construction, that company issued dur
3.240,689
Tom- n rrW
2,095,396
2,260.338 2,514,055
2.658.049
Of wtilch
m j'.A
.31,022.122 494.914,270 423,166,352 483,203,506 ing the past year its debenture bonds of $1,000,000, bearing
317 els.
*867 ow.
*917 ets.
*834 ets. interest at
per cent per annum, and payable in 1904. These
a y.
%on p. m
earuiui
$1*36 bonds were guaranteed by this company, and sold at par.
51*47
$1*47
$1*37
per {ftin mile,
170
154 The profit and loss of the yearly business of the New York &
160
108
Ay. tem pc» iritiIn.
Canada RR, is, and always has been, placed, as it should be,
Clutract e r o f f r e i g h t .—The principal articles carried were: in the profit and loss account of your company.
1895.
1893.
1892.
Rutland RR .—Your company has for some years been in
1894.
( 0 0 0 omitted,}
1806.
1,136
1,313
1,012
1,156 terested in the Rutland RR. Co. as a large holder of its stock.
. 1,257
4,727
8,102
4,274
4,523
3,615
WfexMit, himbeIs.
7,112
7,514
5,992 The road of that company prior to March last was operated
11,043
.11.122
Core,
5,404
4,673
4,9 !5
3,802 under lease by the Central Vermont RR. Co. The latter com
, 5,042
73,032
70,677
76,024
93,774 pany then went into the hands of receivers, who, in accord
59,202
F in a n c ia l .—The statistic* of earnings and the balance sheet ance with the permission of the Court appointing them, sur
rendered the lease of the Rutland Company, and since May
have been compiled for the Chronicle as follows :
last that road has been operated by its own o inof: is. The re
OPERATIONS AND FISCAL RESULTS.
sult of its business since then is that it has paid all fixed
1893.
1896.
1895.
1394.
charges, and after making and paying for many betterments
843
Mt'-ss operated....... 843
643
843
has declared a dividend of one per cent on its preferred stock,
KurnI
*
$
$
$
$
)>„»..•ever*..... .....2,116.243
2,134,155 2,043,912 2,900,820 and has carried forward a surplus. Its directors confidently
Freight.................4,338,900
4,289,909 3,881,544 4,273,117 anticipate much improvement in its future earnings.
392,702
Ma.il. exprem, Ac ... 385.140
378,421
366,780
Equipment.—The additions to our equipment during the
6,802,485 6,292,236 7,566,639 year were: 6 locomotives, 100 box cars, 3 pa-senger cars,
Tot. gross Barns.6,840,283
£xprnif»~
Gravity RR.; 3 combination cars, Gravity RR.; 1 caboose car,
699,305 1,113,367 Gravity RR.; 10,031 tons of steel rails were purchased and
M*'.ut<*naL«<* Of way, 815,712
879,714
260.449
Maintenance of cars. 329,130
364,015
398,970
MMitre power,....... 1,258,705 1,191,087
1,436,304 paid for during the year.
1,137,398
Transportation exp. 1,634,909 1,646,177 1,531,536 1,700,248
Coal Output.—The report contains a table from which the
Tot. line, taxes).4,038,546 3,982,993 3,628,688 4,655,889 following figures are taken:
Net rarelogs, . ....3,801,737 2,319,492 2,663,548
P.e,*f op. ex.toearn (59*04)
(58*55)
(57*66)
outer Wwwrlpt. ....... 234,257
241,525
273,019
Frem. on b'ds Scstoak. ........
_
344,779
Total................3,035.994 3,061,017 3,281,346
OMtatyem cn l*—
Brutal* paid......... 130,473
422.772
632.987
Additional property. 52,378
18,765
26,218
Interest Oil debt..... 587.959
579,618
527,504
tMvWrt.dr..............!, 778,118 1,778.448
1,729,424
Mxreilatieoua........ 169,401
228,211
168,227
Tt>*.tli«!>*r.„tii,t».3,018,661 3,027,815
Balance, >*irpSii*,.... 17,333
33,203
IIALANCR 8I1KV.T DECEMBER 31.
1895.
1806.
$
$
Bnsul aeri equipment....... ............... 34,153,927 34.153,027
Boil*:* r,Bft -lo ck s Owned.............. 4,240,583
4.247,855
L.s*nil« owned......................... ,
62,000
62,000
M*l.*:ia • ,uoi reipeU*........... .
271,753
258,483
S lsk ttc ( u t il .... .. . .. . ........................ .
One from agent*. )i.<UvM:i»|», *,.•
326,979
2 7 5 ,1 8 7
.................................
229,910
407,637
« » . ft ««. L. ,fc Ct>. Hit con'll__
9,313
9,847
tn ln oi. T m i a* * »v . 8**. trustee..
i,f»oo
1,500
I*. B. Trend to. «. redeembonds... 392,107
3 58,70 6
IllPt&l M
SM%t
3IMJ94,0*2 39,775,126
£14sN/ Hit* —
....... ,....,,...1 8 ,7 5 1 ,4 6 3
3,471#,500
Vrimmim
18,751,100
3,479,862
300.000
329.000
9,073,850
2,555,903
460,684
109,453
55,670
8,156,545
3,058
89,775,126
00,000 1,500,000
A C l * i m m m m te * x m a r ,. . . . . 1 , 5
M B m i m t m i B r m m i M , <sfm k g u m ,
300.000
tfhSL St. Ifo, li. EE. ntmtk, guar..
..............................
MTonfitM payable, A c . .
£frH# o t i t e f c o m fm u U m , St*
ft*l.
Intern*o Account........ .
Total
— ‘V , 6 2 , p . 5 * 3 . *
320.000
8,054,850
2,674,903
402,913
m , 425
55,670
3,173,878
80,694,082
coal output (ooo- omitted).
2,910,750
1890. 1887.
1895.
1896.
1894. 1893.
(61*53)
305,336 T o ta l o u t p u t ........................... 43,177 46.511 41.391 43,089 35,855 34,880
6,151 5,751 6,178 4915 5,047
131 O f w oieti D el. & H u d ......... 5.836
R eadin g Go
.
9,019 9,905
14,9761 7,528 7,555
5,784
7,360
L
eh
igh
V
a
lley
R
R
............
6,74w
3,216,217 Central ER. of N. J....... 4,999 5,336 335} 5,503 ' 0,708 4,863
6,221
i t
6,887
6,129
S
erautem
....................
5,028
f
h
653,892 Pittston..................... 1,729 1,828 1.705 1,895
1,603
3,810
217,833 Other regions............... 9,218 9.801 8,375 7,651 3!aof
632,037
Statistics —The statistics for four years have been com
1,582,386
57,342 piled for tlie Chrontcle as follows:
3,143,490
INCOME ACCOUNT.
72,727
1893.
1894.
1896.
1895.
RccMpte—
$
*
S
$
From c o a l . . . . . .......... 7,778,225
7,369,379 7,864,154 9,939,848
1894.
9,448,993 10,212,412
From r a ilr o a d s .........10,201,63-1 10,129,082
520,258
755,074
34,153,927 From m iscellaneous. 566.584 1[1,321,157
4,235,183
T o t a l.....................18,546,443 18,819,618 18,068,221 20,672,SIS
70,000
282,125 Operating expen ses.. 13,693,799 13,376,733 12,529,548 14,050,131
253,476
6,622,187
5,442,885
N e t ........................ 4,802,gI T
5,533,673
331,180
321,420 In k , taxes & rentals.. 3,087,631 3,078,492 3,319,960 3,407,638
9,848
B al.for dividends. 1,765,013
2,364,393
2,218,713
3,211,549
1,500
39,653,659
18,751,637
3,479,500
1,500,000
300.000
329.000
9,110,850
2,518,903
371,871
81,832
90,225
3,123,340
1,500
39,658,059
tl Inoludes the premium obtained on sale o f 8,000 shares o f Rensse
laer A*. Saratoga stock.
The railroad earnings mentioned above embrace:
1896.
*
1895.
S
1894.
1893.
Alb, & Susquehanna. 3,756,187
Reuss. & Saratoga... 2,313,<131
921,941
N. Y. & Canada-.......
Uiit'Bliil’emisjlv'iiia 3,211,125
3,672,681
2,336,388
911,925
3,208,088
3,461,071
2,232,275
810,159
3,127,353
$
$
3,888,716
2,259,766
846,590
3,446,697
Total gross earnB.10,201,6 3 4
10,129,082
6,333,119
9,630,858
6,079,565
10,411,709
6,020,932
Int., rentals <fe d lv ... 2,525,106
Net earnings..... 3,794,192
3,795,988
2,487,770
2,473,971.
3,551,293
3,820,837
2,445,459
Balance, surplus. 1,269,086
1,308,193
1,077,322
1,375,378
Earnings—
Operating expen ses. 6,407,442
THE CHRONICLE
F e b r u a b y 20, 1857.]
P R O F IT AN D L OS8 ACC OU N T.
1896.
$
7,216,363
44,515
522,069
1,539,366
1,269,085
1895.
$
7,187,858
42,336
1,760,279
954,658
1,308,193
1894.
$
7,480,509
40,373
697,380
773,138
1,077,322
1893.
$
10,405.424
52,729
467,529
390,956
1,375,380
T o t a l..................... 10,591,398
Disbursements—
Coal on hand Jan. 1 ..
977,503
M iningcoal......... - . 5,454,062
Transportat’n to tide
water, via Erie.......
805,602
Transportation exp.,
canal, river, e tc ___
615,322
In te r e s t......................
350,000
Terminal expenses A
m iscellaneous.........
410,870
T a x es...........................
212,526
B a la n ce ...................... 1,765,013
10,753,324
10,068,722
12.692.018
773,138
5,295,312
390,956
4,940,666
856,733
5,574,713
10,591,398
Receipts—
Sales of co a l...............
■Canal to lls ..................
Int on invest. A m is.Coal on hand Dec. 31.
Net. earns, from R Rs
Total
#
828,572
629,331
955,882
523,207
350,000
647,874
603,523
707,583
688,030
377,979
240,721
2,364,394
395,192
242,466
2.218,713
420,379
274,149
3,214,549
10,753,324
10,068,722
12.692.018
G E N E R A L B A L A N C E A T CLO SE O F E A C H F IS C A L Y E A R .
1894.
1896.
*
Assets—
$
6,139,210
6,139.210
Canal. -........................ 6,139,210
10,001,235
10,384,840
RR. and equipm ent.. 10,433,065
Real estate. . . . +11,539,987 11,580,777 11,607,458
3,314,<J98
3,228,531
M iueim p’ ts, fixt’ s.Ac. 3,431,369
955,589
965.857
Coal yard, barges. Ac.
970.603
1,104,498
1,105,627
Lacka. A Sueq. R R ... 1,108,188
4.697.961
4,752.329
N. Y. A Can->da R R .. 3,760,741
210,000
210.000
Cherry Y. 8h.A 41. RR.
210,000
v 15.7 61
215.963
Scben.A Meehan. RR.
215,968
730,630
804,582
Con struct, leas'd lines 1,379,792
954,658
773,138
Coal on ha* d Dec. 3 1. 1,539,366
927.483
980,811
A dv.on coal royalties. 879,302
3.897,021
Miscellaneous assets. 3,132,205 *3.088,278
18,707
18,708
18,708
Telegraph....................
1,798,756
1,734,626
Supplies, tools, A c .... 1,835,115
Cash and bills and ac
1,579,637
1,511,558
counts receiv., net.. 1.316,309
1893.
$
6,139.210
9,755,916
11,582,449
3,116,443
963,936
1,104,498
4,520,977
210,000
215.761
625.736
390,956
1,010,296
3,903,642
18,708
1,798,615
Total assets............ 47,909,929 47,708,604 47,938,944
Liabilities—
S to ck ............................. 35,000,000 35,000,000 35,000.000
Bonds........ ..
5,000.000
5,000,000 5,000,t0Q
Other accounts.............t l , 909,059
613,711
715,155
Surplus fund............... 6,000.870
7,094,893 7.223,789
47,633,772
47,933,914
47,633,772
Total liabilities...4 7,90 9,92 9
47,708,604
2,276,628
871
G E N E R A L BA L A N C E SH E ET D E C . 31, 1896.
Dr.
I Or.
Construction............... $30,4 66,182 I Capital stock ...............$10,385,000
securities o f other cos.
30.021 I Bonds (see S n p .).......... 19,799,000
327,219 |Interest and dividends
1,723
Cash...............................
Due fo r trackage.........
38.202 |Penn.R R.,for construe.
25,000
39,104 I Due individuals A Cos.
5,219
T axes refun ded..........
I Profit and loss..............
684,786
Total........................$30,900,728 |
— V. 64, p- 326.
Total........................ $30,900,723
Northern Central Railway.
31, 1896. J
On subsequent pages will be found the report of President
Frank Thomson in full. Below we compare the results for
1896 with those of several years previous:
f R e p o r t f o r the y ea r en d in g D ec.
O P E R A T IO N S A N D F IS C A L R E SU L TS.
1896.
1895.
1894.
1893.
Road operated.........
377
377
377
377
Operations—
4,112.526
Pass, carried. N o ... 3,843,833
4,129,905
4,631.969
Pass, carried. 1 mile. 51,156,008 51.951,285 51,69 >,311 61,629,942
2 140 cts.
2*132 cts.
Rate p. pass. p. mile.
2*18 1cts.
2*114 ots.
Fre’ Utons) carried.. 13,253,431 13,605.493 12,008.949 13,296,212
Fre’ t (tons) one m ile.885.552,996 875,631,749 746,328.510 857,194.168
0*561 cts.
Rate p. ton p. m ile..
0'538 cts.
0*602 cts.
0*605 cts.
Earnings—
$
s
$
3
1,094,519
1,133.454
P assen gers..............
1,127,656
1,302,379
4,910,585
Freight...................... 4,767,227
4,489,463
5,189,637
424,856
461,989
414,141
Mail, exp. A miscell.
390,290
Gross ea rn in g s.......
Expe> scs—
Transportation____
Maint. of eq u ip ___
Maint of w ay.........
G en eral.....................
6,286,602
6,506,028
6,031,260
6,881,806
2,663,654
1,029,648
825,707
119,037
2,637,097;
966,185 ■J 3,524,463
873,317
622,677
121,920
86,976
3,988,594
686,354
87.709
Total oper. exp.
Net earnings....... .
4,643,106
1,643,496
4,598,519
1,907,509
4,234,116
1 797,114
4.763,156
2,113,650
Receipts—
Net earnings............
Other receip ts........
1896.
$
1,643,496
400.075
1,907,509
457,391
1894.
3
1,797.144
386,335
2,118,650
496,979
Total in c o m e ....
Disbu rsem e nts—
R ent.l’s’d lines, Ac.*
Interest on debtt .
D ividends.................
Kate o f dividend___
Miscellaneous....... .
2,043,571
2,364,900
2,183,479
2,615,629
436.592
843,632
526,267
(7 p. o.)
159,490
455.996
852,588
526.267
(7 p. o.)
378,191
485,756
850,921
5 26,267
(7 p c )
210, t40
500,253
859,561
601,446
(8 p. c.)
94,174
Tot. disbursem'ta.
Balance, s u rp lu s....
1,935,981
77,590
2,213,042
151,853
2,073,784
109,695
2,055,431
560,195
INCO M E ACC OU N T.
30,000.000
9,829.0 0
583,223
7,221,549
* These miscellaneous assets consist o f the follow in g: Sundry bonds,
$115,785; 4,500 shares Albany A Susquehanna RR., $450,000; 8,000
shares Rensselaer A Saratoga RR., $-500,000; 40,000 shares Rutland
RR.. $1,500,000; sundry stocks. $266,419.
t Interest and dividends payable January, $476,550; dividends in
terest and bonds unpaid, $id 2,508; loans payable, $1,300,000.
t Of this $6,078,882 is No. Coal A Iron Co.
- V . 64. p, 213, 231, 234.
1895.
3
1893,
3
* Includes rent o f roads and Interest on their equ ipm ent,
t Includes oar trusts.
Lake Erie & Western Railroad.
New York Chicago & St. Louis Railroad.
( R e p o rt fo r the y e a r end ing D ec. 31 , 1896. J
( R e p o rt f o r the y ea r end ing D ecem ber 31, 1896. J
In advance of the pamphlet report the following statement
The statement of operations, earnings and charges has
is issued for 1896.
been compiled for the C h r o n i c l e as follows :
1894.
1895.
1896.
1893.
$
3,344.274
Gross earn in g .#.................3,344,
1,917.259
$
3,519,101
1,916,115
$
3,345,404
1.865,852
$
3,512,621
2,048,744
1,427,015 1,602,989 1,479,552 1,483,877
(53*33)
(57-31)
(54-15)
Ratio of exp. to g ross earn. (5
733)
(55-77)
455,333
“
467.500
441,972
Interest on b o o d s .............. 471,"08
Taxes .................................... 187,119
192,44')
185,797
Rental of tracks.................
41,*46
41,852
41,798
D iv .,5 p . c. onpref. stock .. 592,000
592,000
592,000
592,000
1,292,626
134,389
1,293.786
309.204
1,274,982
204,570
1,242,470
221,407
Philadelphia & Erie RR.
( R ep ort fo r y ea r end ing D ec. 31 , 1896. J
The income account for 1896 was published in the C h r o n
ic l e of Feb. 13, page 326.
The pamphlet report of President
Shortridge says in part:
Improvements.—While the most rigid eoonoinv has been exercised
duriDg the year, the property o f the com pany has been maintained at
its usual efficient, standard; 38,458 cubic yards o f new ballast having
been placed in the road. New single-track bridges were ereoted at
Corry, Newberry and Montgomery; a double-track stoue bridge con
structed near Milton; a double track iron bridge built at Warren; and
a new one is in course o f construction over Bald Eagle Creek at Lock
Haven, which will be com pleted early in the present year, the last two
replacing single-track wooden bridges. Blight additions have been
made to the com pany’s sidings, and extensive repairs have been made
to the terminal facilities at Erie and to the shops at Sunbury, Kane
and Renovo
Ooil and Iron Shipments.—Anthracite coal shipments to Erie during
the year decreased 4.366 tons. Iron-ore shipments eastward decreased
187,367 tons, while other traffic eastward shows an increase o f
287,800 tons over the previous y*-ar.
Warren rf Franklin Homis Paid.—The $1,500,000 o f Warren A
Franklin first m ortgage 7s, maturing Fob. I, 1396, have all been p iid
off and canceled [l>v th * Western New York A Pennsylvania Railway,
which had assumed the sam e.—E d s J exoept $1,500, thus relieving
your company from its obllga<ion o f 1865 to purohase said bonds if
the company had been unable to do so at maturity.
Stock not taxable till net earnings equal 6 per cent on capital invested.
—Early in tbe year 1889 the Commonwealth o f Pennsylvania pre
sented a cl»im against your com pany for over $ 800,000 for tax on
capital stock for the twenty years from 1868 to 1883. In a compro[settlement o f this claim the Common wealth received the sum o f
$75,000. Subsequently a case was tried to test the right, o f the Com
monwealth to t tx the capital stock o f this com pany, and the Supreme
c o u r t decided that it was not liable to State tax until the net earnings
realized at least 6 per cent per annum upon the capital invested. In
decision the Comm >n wealth was asked to refund the
P«*id as above stated, and the State Board o f Aooounts has
credited the Company with that amount as against any future taxes.
O P E R A T IO N S A tfD F ISC A L RESU L TS.
Gross e a r n iu g s ..............
Operating expenses.......
1896.
$
5,587,760
4,704,351
Net earnings.............
Receipts—
Net e a rn in g s...................
Other in com e...................
883.415
1,228,231
957.262
1.308.510
883.415
9,643
1,228,2 U
8,583
957.262
6,990
1.308.510
6,319
893,058
1,236,814
964,252
1,314,829
777,000
112,972
777,000
83,000
95,507
777,000
86,000
91,925
780.000
89.000
92,227
99,460
200.000
889,970
3,086
1,205,507
31,308
954,925
9,327
1,260,687
54,142
T otal...........................
Payments—
Interest on bon ds..........
Rental o f equipm ent___
1894.
$
5,629,239
4,671,977
250,000
Div. on 1st pref. stock ..
T otal...........................
Surplus............ ..............
—V. 64, p. 287.
1895.
$
6,317,950
5,089,719
Lehigh Coal
&
1893.
$
6,787,748
5,479,239
Navigation.
( R ep o rt fo r y e a r en d in g D ec. 31, 1896. J
The report says in substance:
General Results.—Coal production from the oom pany’ s property, in
eluding the coal used by the com pany in its operations, was t ,549,097
tons, which was 27,402 tons in excess of the amount produced in 1895.
The total shipments and local sales amounted to 1,399,955 tons. The
average cost o f coal was *1 337, against $1*329 in 1895. This slight
increase was aocounted for by the higher wages paid in 1896. The
profit from the coal operations was nearly all made in the last six
months o f the year. Previous to that time the market was suffering
from the extrem ely low prices caused by the unnatural com petition
and excessive production In 1895. I f the higher prices received for
coal had extended to the sm aller sizes, or steam coals, as well, the re
sults would have been m uch better, as 44 per cent o f our total output
consists of sizes including pea and smaller. The mines are In good
condition, and capable o f a much larger production should the market
require it during the com ing year.
The loss iu the operation of oanals was due to the expenditure
caused by the rebuilding o f Dam No 1 at White Haven, which was de
stroyed by freshet and heavy ioe in Maroh last.
Financial.—The balance o f the collateral trust 4 ^ per cent bonds,
amounting to $500,000, h ive been sold during the year on satisfactory
terms, and the proceeds used to take up the floating debt and to pro
vide for necessary im provements on our coal property.
The railroad loan o f $2,000,000 due February 1, 1897, has boon e x
tended until 1914 at 4 p er cent instead of 6 per cent per annum. The
reduction In Interest charges will he $40,000 yearly. We received a
large premium for the privilege o f extension.
E a rn in g s.— Receipts,
follows:
etc., for four years have been as
t
THE
37 2
C H R O N IC LE ,
1803, 1894.
l$99>
9
J,610,074 1,4*1.515 1,81 i.a87
16,987
16,93?
OteAl* ........ ,...^ lot*. %9f§- 1041273,099
480,947
*«»«I tm&* .,. S10JN0 iQi* %1,703
79,946
07,045
97.543
-*«**. it
TotAlmompi*
.t 79 l*tt»t»%7S t ,439,732 2,401,067
Jpi
833.800
626,197
i^*0f 1
,iMfCwefsl-f»4. »*..* pO-t.%90
397,031
376.627
3#0,900
liec *■„ 1axe*, 9Uk*»
0
1,230,631
1.202,824
1,353,84?
Total «n*fearmm’u it33.9ftm
035,008 1,171,036
438,931
860,799
573,see
045,598
fMvRlr&d% , ........ 573,806
(6 i>. e.)
(Ah p. c.)
ti p 0.1
%mlt &t
U V 9*1
B*la»t»... ............ 6*1.15.317 «Sef. 134,936 dot 9.691 sur. 310,237
Tht t. high & Su?fjueb»r, 04 RR. bftd earnings as follows:
1894.
1893.
1830.
$218,202
$318,617
f2<N3.88l.
m4 mam ,*...........
1,058.670
1.217,709
Writs hs
m pm m ............ .. 1/214.146
.. 3,005,149 3,172.109 2,931,059
Tpiitl igroA*
......$i,426,176 $4,608,435 $4,207,931
of
R#»4»l
tk Oft* A N. Co.
■gfmmi .
............ $1,475,392 $1,536,145 $1,-102,643
—V, 64, )*. *1.
N a t io n a l
L ead
C om pany.
Rej-irtfor the fheal year ending Dec. 31, 1896, J
The t« marks o f President L. k . Cole are as follows:
Ormrr-.il Etmtit.-Thr ctatoment herewith disposes accurately the
re»aSt of tb, hi-fim- -* of the oompnuv for the y ear 1896, the tilth la
Si»h!*tor$ riie condition** iurroucdlnft commerelat interests in that
jwriod are familiar t» ail, and need review only as they m i.v apply to
thl* burin*-*. Cottiunally falltmr ptioes limited the margin of profitand aitbouirU consumption was stimulated, rnaktng the tonnage dts-•
our history, tti net irotuirs were but $1,174,9 t»3 . White eetupetttkm h»s Wen active, St will he observed that no
Oemorailf »U«n has resulted ami that a prolii, although small aodinadequate to the capital involved, has followed on the oonduot of the
bsrinrt*.*. our relations to the trade continue harmonious.
ru-.xi
1his account shows for the rtv- years ending with
this report a net increase of $799,2*8 (for the current year, $137,853),
representing eaponditWe* for perm meat Improvements and for new
j T t i * . *. jess amount received for properties sold. This sum has
fw t paid froir, undistributed earnings, represented on the balance
abort by "surplus" account, thus largely employing it. The policy of
.vU.ries has t--,-n eontloue.1 and its wisdom demon
strated in mwer manufacturing costs. The smelting and refining
plants of the company have not been operated during the rear.
From "plant investment" account has liven dedaoied $288,145 for derec'.siKrn and a like amount charged to "surplus" aoeount. This ia
one to pur>uanc«- <*! a conservative policy and iu no manner afteeta
the net earnings shown for 1896.
Working Capital. £rr.—Attention is called to the decrease in the
Stem of "other Investment*." many of the assets heretofore Included
aio'.i r ihat head having properly been transferred to “stock on hand.”
Shareholders will note the stock on hard is less this year than last,
partly attributable to the values at which inventories have been taken,
all being the lowest ever recorded.
Workit g capital I* ample tor present needs and has been less actively
taipl’Ht-d only tK-ratue our large stocks cost less money. Tire aoeounta
psyald- are !»■-*« «nd a* usual represent current matters waiting audit
before payment. The mortgage indebtedness remains at $12,000. ” *
; r ,(. - re - In conclusion it may tic said that there has been no occa
sion id depart from the •Malt ished policy of the OOP)pally as respects
tbs c a.-or viiTloti. protection and extension of Its trade and the distri
but* >nof protits carried. Both classes or the stock are largely held by
those t» whom originally issued, and all holders have an undivided
SnU-rori in it* prosperity. Wo fed reasonably confidant in anr belief
tint flic bottom was touched in 1-98, and In predicting that the year
fairly prosperous for the company.
JEttrn»'»</,*, Etc —Results for four years were as follows :
1898.
1895.
1894.
1893.
’
«£
jH
^
jjv
Sr! . .rains*............ 1,174,99* 1,281,881 1,212,253 1,428,037
Dividend on preferred 1,013,280 1,043,280 1,013,880 1,013,280
EdrSUf'i d on common.
149,051
147,162
298,108
Depredation of plant. 288,145
Total Charges___ 1,331,425 1,192,334 1,490,442 1,341,388
Balance.....,, ....def.196,431 enr,*8.927 def.878,184 sur.86,649
Preriom. surplus....... 761,100
672,172
950,356
863,708
Present surplus... 60-4,689
761,099
672,172
950,355
(.tMUitl. II.»I,ANOK BliKKT UBCKMHER 31.
1896.
1895.
1894.
I M ifl
8
*
$
Plant investment. ......... 23,462,874 23,613,466 23,629,023
Other lovesiincuts
435,663
230,218
425,704
8 leek op hand
............. 4,587,594
4,801,231
4,465,396
tn
m .
190,000
390,600
190,000
Cash In batiks . ..................
503.396
338.210
692.294
Sole* receivable.....
246,287
217,858
220,498
1,465,108
Account* receivable
1,231.839
1,183.562
Total .................
, 30,892,176 30,378,807 30,810,078
L k& tiu U t—
Capital stock.. . . . . . . . ,
*30,000,000 *30,000.000 *30,000,000
harplu* Ilecembor 31.
001,668
761,100
672,172
Mortgage*...,...........
12,803
12,603
12,603
Account* payable.....
74,904
105,161
125,302
Tala!..... .
30,692,170 30,373,867 30,810,078
‘ O m nw , 815,000,400; preferred, *15,000,000.
Asset* decreased In 1306........... ...................
.
................................
$186,691
13.abilities decreased In 1806. ................................
S
.«
-s ...................................
30,259
fierrpln* •1eer«**ed during 1-;MS......... ................................ $156 431
-e-V. 82, p. 362,
’
'
I llinotH Steel Company.
f litport tor year ending Dec. 31,1396,)
The Balance sheet and other figures were given last week
on fag" 82* Pr*eiduot flat*;# in the report says ,Orntroi Runtb .-The past year has been « very unsatisfactory one to
» " ! and
ucvf.nfac'nms. r.* well as to bmtocss generally In
April 1**4 tse had orders upon our books for Over 500,000 tons of
[A'OL. LXIV.
product sold at satisfactory prices for delivery during the year, and
our directors, therefore, felt justified in authorising the purchase of
two-thirds of the usual quantity of ore ooseumsd by as in overage
years, a decision at thattiiue living essential in orderto avail ourselves
of the low-w>ucr freights. The paralysis of business which followed
the Chicago Convention lasted until November, owing to which four
of our five plant* were completely shut down during August ami Sep
tember, notwithstanding the fact that we had fully 360,000 tone of
redact sold for prompt delivery at that time; but the. fluand d eondions that prevailed throughout this country rendered it impossible for
our customers to accept ami pay for the goods contracted for. and as
a consequence of our being thus forced ro carry both ora and finished
material, thereby locking np a large amount of capital, our accounts
and bills payable have been abnormally high.
OnMnnding Obligation*.—The orders nowon o.ir sales books «re suf
ficient In volume to absorb practically our entire Inventory of mate
rials, and with normal conditions prevailing by which customers can
fulfill their contracts wiih ns, vra should be enabled by August l next
to largely reduce oar outstanding obligations
Earnings, Etc.—We have done our full share of the business of the
country during the year 1896, although we have had about 40 per
cent of our productive capaciiy unemployed, hiving among other
products sold and delivered about 33 per cent of all the rails used in the
united States during that period, tti the years Ls.*•> and 1896 we
paid all fixed charge-, kept our property in excellent order, paid
♦559,513 in dividends, charged to m uiufaoturiu? cost 9983-062 for
improvements and betterments to plants, leaving our condition'd!
Jan. l, 1897, about the same as it was on Jan 1. 189 i, without any
impai-mont of our investment but with increased value and econo
mies in our plants.
Construction, Etc. Wo also scent for new construction In 1898
$1,043,121, this work being ordered early In 189 and not completed
until 1896, being expenditures contemplated when the new debenture
issue was made In 1893, and paid for out of the proceeds of the same.
We have increased the capacity of our various plants largely withia
the past two years, and have also succeeded in making considerable
reductions iu the cost of manufacture. The physical condition of our
plants is the best iu the history of our company.
Prospects —With reasonably good business we should be able to
realise a handsome return upon our Investment, after paying Interest
and all fixed charges; maintain our standard of quality, and produce
and deliver our goods in competition with any American manufac
turer.—V. 64, p. 327.
B
Maryland Coal Company.
(Report for the year ending Dec SI, 1896.)
This company reports earnings, etc., as follows:
1896.
1895.
1894.
1893.
1892.
Goal output, tons........359,624 449,234 351,374 356,319 286,213
Credits and payments—
1896.
1895.
1894.
Amt. to credit of coal acct, Deo. 31.?885.113 $1,028,829
$996,848
Coal on hand Dec. 31.....................
5,079
3.163
4,914
Interest reoeived..,---------------2,177
590
.....
Total credits.......................... $892,374 $1,032,587 $1,001,762
Freight, mining, etc , expenses ...$764,024
$905,547 $895,821
Taxes...........................................
9,364
7,955
7,179
Improvements..........
13,790
...
15,929Interest on 1st mortgage bonds....
4,690
5,040
5,237
Div idemls....................(3%%)65,944
(4ts%)84,775 (3i*%'65,932
Total payments.................... $862,812 $1,003,317
$990,098$11,664
^Balance, surplus......... ............ $29,562
$29,270
The balance sheet Jan. 1, 1897, was as follows:
GEJSBBAL BALANCE SBEEI ,TAN. 1, 1897.
1897.
1897.
Dr.
Beal estate.................$2,000,000 Capital stock—common $11,10 0
Prefer’d 1,885,005
Improves and personal
property.................
70,221
Treasury 103,895
27,000
George's Creek and
First mortgage bonds..
350
Cumberl'd Hit. stock. 105,000 Unpaid coupons__ %..
Deposit In trust oos....
50,046 Accounts payable.......
21,900
Bills receivable..........
1,222 Div^payable Jan. 15,
37,682
Coal on hand.............
5,079
245,000
Accounts payable ..... 120,638 Royalty account, ......
20,214
bash in bank............................. Profit and loss acc't__
Total.................. $2,352,206
Total......... ...........$2,352,206
Bonds outstanding Deo. 31,1896, $27,000, of which nine have been
paid since and one will be on presentation. - V. 62, p. 465.
Or.
G E N E R A L
IN V E S T M E N T
N E W S .
Reorganizations, Etc. - Latest Data as to Defaults, Reor
ganization Plans, Payment, of Overdue Coupons, Etc.—All
facts of this nature appearing since the publication of the last
issues of the I nvestors’ and Street R ailw ay Supplements
may be readily found by means of tue following index. This
index does not include matter in bo-dav’s Chronicle.
f~ For some small street railway companies see index in
Chronicles of December $6,1896r and January 16, 1897.
Note. - F ull-face figures under street railways refer to
Volume 6&.
railroads and miscei*. Go. s.
R ailroad andMiscel. Go’ s. (Con.
Volume 04—
Page.
Volume 64—
Page
Atlantic & Pacific
.. com. 828 Wheeling &Lake E....recur*,; com. 182
Do
do ext. tkimp. bond#. 233
B.& O-—Pitts. &ConneHsw.coup* 288
Butte &Boston Mining Co. .. mid. 280
Do
do ........ atack com. 288
Cape Fear &Yadkin val.... fared. 18'
Street Railways.
Central Ohio *........
com. 180
Volumes 03 and 64—
Page. (
Chester A Lenoir....... — ... reorg, ~
BelleCitySt.Hy.,Ttacine,WIs.recvr. I SO
Columbus &Cin. Mid......com.lSo,
Burlington (la.) Electric.... renrg.32!>
Col. San. A H....r&shrs, discharged,
Chattanooga Electric.......cdatroLV *‘
Dttttith Gas & Water Go ..... coup.
Chic. &So. Side R. rl'....plan,nmt J
Ft. Worth &Rio Grande.. default.
(Columbus Central .Electric...planv2\
Greenw. Anderson & W......rtcvr.
Con.St.Ry.RLIbip.,Mich,.de/.1115, l;
Little HockA Memphis...... .rcortj.
Do
do
committee,2
Long Island...........
control, 284
Loulsv. N. A. &Ch.aoZc.234; coip. 234 E. Liv. &Wellesv, St. RR. ..forccl.*!
Ohio Southern.......... depocttn.181, 831 Englewood&Chicago EI©c.*/orcc/.3
Ohio Valley...............tommiUm, 288 Kings County Kiev.. .default; com, <~
Lake Street. Kiev. (Chlcago)/orcci. 13
Oreg. Short Line &U. N. .coap.181,
288; new co. 381 Metropol. W. S. El., Chlc...,mor. lg
Do
do .... .com.-£3 I, .
Peoria Decatur &Evansv.../orccf. 2*85
Do
do
....coup, 28*» Nashville Street........ .. control. U15
Phil. Read. A NowEng.. rcmg.l&L. 236 Pa.Trac.(Lancaater) ...,rccur.Q69, ion
Quincy Omaha &K. C......... mU. 181 People’sRy..St Louis.iat. deferred.1
St. Clair Madtoon&St.L. Bolt,recur. 181 1St. Louis A Kirkwood.... ...foreet'3
Sharpsville RR.................recur. 235 Sandusky Electric (Ohio). rccvrlZ
Short Route fly. Transfer...forccl. 331 Savannah Electric...............sold
South Carol!na Midland...... rtcvr. 287 ScrantonTraction....... .... consol.
fared. 288 Seattle Consol. St.... . sohUOU, 1
Tennessee Central
"
Seattle Traction (Wash.)....rwrgSZ
Toledo St. I..& K, C............ salt. 831
rnt. 235 Streator (111.) Ry .............. rtcvr, t . .
Unlon Pacific..... forccl. ayreemm
.288* 331 Suburb. Elec, of Ob.conalr. co.rccvrSS t
Do
. .K, P. comohs.f"
.plan. 831 Tacoma Ity. &Water. ..... .. ,*a!e.ll6CL
Do
sinking fund 8s.pl
February 20, 1807.j
THE CHRONICLE,
373
Lake Street Elevated RR.— D ecision as to the T ru stee o f
Baltimore City Passenger By.—C ertifica tes o f In d eb ted
stockholders of thi3 company have the privilege of M ortg a ge. —At Chicago, Feb. 11, the Appellate Court of the
subscribing at par on or before Feb, 28 to the $500,000 of State of Illinois affirmed the decree of the Superior Court of
per cent gold certificates of indebtedness.—V. 64. p. 328. Cook County removing the Farmers’ Loan & Trust Co. from
Brigantine Transit.—Sold in F o reclo su re. —On Feb. 4 H. the position of co-trustee of the first mortgage, the Court
La Barre Jayne, representing the reorganization committee, holding that an outside trust company must deposit $200,000
purchased this property at foreclosure sale for $50,000, sub with the Illinois State Auditor in the same manner as Illinois
ject to a mortgage of $15,500 held by local parties. The re trust companies are compelled to do, and failure to do that
organization plan in V. 63, p. 837, has received the assent of makes them liable to removal. The decision is looked upon
about 95 per cent of the creditors, and will be carried out as as a victory for the company in its litigation with William
rapidly as possible. The new oompany will be the Brigantine Ziegler, at whose instance the Farmers’ Loan & Trust Co.
asked for a receiver for the company.—V. 64, p. 177.
R, R. and Steamboat Co.—V. 63, p. 837.
Brooklyn Rapid Transit—Nassau Electric RR.—Brook
Lehigh Valley RR.—B ea r R a id on S tock . —The stock of
lyn Elevated KR.—Kings County Elevated RR.—C o n so l this company has be-n subjected to an attack which has car
id a tio n Talked o f. —Negotiations lookiag to a consolidation ried the price down during the week about five dollars a share.
of all the surface and elevated street railways in Brooklyn
John R. Fanshawe, the Secretary of the Lehigh Valley,
have been renewed, but have not reached a point where any makes this official statement concerning the affairs of the
definite plan can be announced.—V. 64, p. 329.
company:
Camden & Burlington County RR.—R efu n d in g B o n d s .— “ The decline in Lehigh Valley stock is the result of
The stockholders on Feb. 6 authorized the issue of $350,000 an unjustifiable bear raid. The condition of the com
of 4# bonds to take up a like amount of 6 p. cts. due this year. pany has in nowise changed from what it has been
least year or so. We have met every obligation
Called Bonds.—The following bonds have been called for for the
has matured and are prepared to meet all those matur
payment. The numbers may be.learned at the offices of the that
ing. The $210,000 interest due March 1 on our second mort
respective companies. (Last list in V. 63, p. 1114).
7 per cent bonds is already in bank, and if any one
Chicago & Northwestern—Sinking fund bonds of 1879, gage
would make it worth our while to do so we could pay it to
fives and sixes. The numbers of bondsfdrawn (interest ceas morrow.
We are not embarrassed in any particular, and
ing Feb. 1,1897), were published in the Chronicle advertising have recently
declined to borrow money offered to us at 3%
columns Feb. 6.*
cent.”
Chicago & Western Indiana.—Eighty-five bonds will be per
The following from the Philadelphia “ Ledger” is con
redeemed May 1.
Cleveland & Pittsburg—Seventy-one construction and firmed by a director as substantially correct :
If, as has Been suggested, the ultimate ohjeot has been by tills bear
equipment bonds have been drawn for payment July 1, 1897. reid
on Lehigh Valley to dislodge the Packer estate stock, w hich Is
D uluth Missabe & Northern—Sixty-three first consol, pledged by the trustees as collateral fo r loans, it has failed, as the large
resouroesof the estate h a re enabled them to put up additional collate
mort. bonds i interest ceased Feb. 10.
rals, which have m argined the loans down to 15. Several of the lend
2JInd. Block Coal.—Three bonds ; interest ceasing July 1.
parties on these loans who were seen yesterday expressed no
Oregon Railroad & Nav.—Thirty first mort. bonds have ing
fears abont their loans, and sim ilar expressions were also m ade by
been drawn for payment; interest ceased Jan. 1.
lenders on the Lehigh Valley’s ow n notes. These are all time loans,
are being carried at the low est rates made for the best collateral
Pennsylvania Company.—Fifty-five bonds of the secured and
loans. The Lehigh V alley’s business, while p oor In January,
loan due 1907 ; interest ceased Jan. 26.
as all railroads were, has Im proved decidedly In February,
W estern U nion T elegraph.—Forty-one bonds have been though this w ill not be made apparent until the statement
for February Is issued.
We understand that the floating debt
called for payment, interest ceasing May 1.
and aocounts payable o f the Lehigh V alley do not exceed *2,500,000.
It
hns
about
$2,000,000
bills
anil accounts receivable, *2,000,000
Central Vermont RR.—F oreclosu re.— R eo rg a n iza tio n M at
worth o f coal mined and in process o f s a le a n d o v e r *1,000,000 cash
te r s . —The Secretary of the Committee of tne Consolidated on
hand. Its monetary po-ltion is so easy that it has been reoently
RR. of Vermont 5 per cents, replying to our inquiry, says:
paying off m aturing notes w ithout renewals.—V. 64, p. 131,136.
“ The receivers, as you know, are C. M. Hays and E. C.
Long Island RR. -C h a n g e o f P la ce f o r C ou p on P a y m en ts,
Smith, and they were appointed under the bill brought last
March by the Grand Trunk Ry. Co. as creditor. As there was —The coupons of the Long island Railroad Go. and its affili
no default until Jan. 1 the woikof this committee was to ated companies will be paid hereafter at the office of the
protect the interests of the bondholders. On Saturday the United States Mortgage & Trust Go.
New D irectors. —On Feb. 12 August Belmont, Geo. W.
American Loan & Trust Co., the irustee under the mortgage,
filed a bill at Montpelier asking for a foreclosure of the 5s Young and Theodore Havemeyer were elected directors to
succeed E. R Reynolds, W. B. Kendall and James D. Camp
mortgage. There is no reorganization plan at present.
“ The time for the depcsit of bonds under the committee’s bell. A.C. B-dford, Treasurer of the company, was elected
agreement expired on the 5th of January last and the com to the office of Secretary to succeed D. L. Voorhees.
mittee have in their hands considerably more than a majority The new directors represent the syndicate that recently pur
of the bonds. No penalty has yet been fixed for the deposit chased a large interest in the company’s capital stock.—V. 64,
of bond3 in the future. The American Loan Sc Trust Co., p. 234.
the trustee under our mortgage, is also the depository to r the
Louisville New Albany & Chicago Ry.—Third In sta ll
bonds.’ —V. 64, p. 82,
m ent D u e on S tock . —The third cash payment of 20 per cent
^ Charleston (S. C.) Street Ry.—C on solid a tion . —Parties in was payable at the Central Trust Co. Feb. 15, being $150
terested in the Charleston Street Ry. Co. (the new company on each 100 shares of old preferred stock and $50 on each 100
which has been building a trolley road in Charleston, S. C.) shares of old common stock.—V. 64, p. 234.
have purchased the entire capital stock and bonds of the
Manhattan Railway, N. V. City (Elevate 1).—Q u a rterly.—
Charleston City Ry. Co. and a controlling interest in the En Earnings for the quarter and the six months endiug Dsc. 31:
terprise Railroad. The price paid for the $100,000 stock 3 mos. end- Gross
Net
Other
Interest,
Balance
and $100,000 bonds of the City Railway is $150,000, in addi ing Dee.31— earnings. earnings.
income, taxes, etc.
f o r dies,
18
96..............*2.482,990
$1,135,600
$42,500
$803,83
1
*371,261
tion to which the surplus of the City Railway Company is to
... 2,498,114 1,089,912
65,603
846,390
309, i25
be divided among its stockholders, giving them a dividend of 1895
6 months—
14 pee cent ($7 per share). The three companies are to be 1896 ............ $4,443,488 $1,836,652 *93.193 *1,410,842 * U 9 ,0 0 3
consolidated under whichever charter is found most favor 1895.............. 4,572,307 1,844,976 139,940 1,613,180 371,736
able, and the system will be equipped with trolley and
Dividends for the six months (at 6 p. c. per annum) call for
modern appliances. Frederick B. Jennings of the firm of $900,000. Loans and bills payable Dec. 31, 1896, $774,000,
Stetson, Tracy, Jennings & Russell, of this city, is one of the against $490,000 on June 30.—V. 64, p. 134.
chief movers in the consolidation.
Memphis & Charleston RR.—Southern Ry.—O rdered
Colnmhns Hocking Valley & Toledo Ry.—R u m ored P ro b Sold in F oreclosu re. —Judge Lurton of the Federal Court at
able D efa u lt in In terest D ue M arch 1 on Consol. 5s—The con Memphis, Tenn., on February 11 ordered the sale of the Mem
solidated 5 per cent bonds and general mortgage 6s have phis & Charleston RR. under foreclosure of the consolidated
scored a decline this week of 10 to 15 per cent on the rumored mortgage of 1877, “ unless the principal and interest be paid
likelihood of a default on the coupon due March 1 on the con within a short day,” the date of stle to be fixed by the court.
sols. It is not denied by the officials that the money required The holders of the general mortgage bonds sought to prevent
for the payment of the interest has not yet been provided. the entering of the decree, but without success. It is
Whether parties in interest will come to the company’s relief understood that an appeal will be taken. The Iseliu
is the question, and it is thought that this will be determined Committee, at whose instance the foreclosure sui; was
by the coming Wednesday. The company’s fiscal agents, as brought, holds over 98 per cent of all the company’s 7 per
is well known, went into liquidation some weeks ago on
bonds. With the foreclosure effected their plan
account of the fall in value of the railroad company’s sto-k cent
for a lease of the road to the Southern Railway w.uld be
and bonds, but their loans were reported to have been consummated.—V. 64, p. 83, 331,
tiusteed, rt moving the danger of the collateral being forced
New Orleans & Western RR.—Second M ortgage A u th o r
on the market.—V. 63, p. 1162.
Erie Railroad.—Q u a rterly. —Earnings for the quarter and ized. —The company has authorized a second mortgage of
the six months ending Die. 31, 1896, have been reported as $2,000,000, of which about $750,000 will be issued at the
follows. The r>ad was not turned over to the present com present time, to provide for the erection of another cotton
compress, extensions of wharves, erection of electric cranes,
pany until Dec. 1, 1S95; so no comparison is given.
etc., at Port Cbalmette, near New Orleans. These improve
Gross
yet
Other
Interest, Balance,
1896........ .. earnings, earnings, income, taxes, etc. surplus. ments will be made during the spring and summer months,
3 inos. to Dee. 31.f7.s23.551 $2,398,300 *22,870 $2,109,078 *310,092 so that the company can handle a larger business during the
3 mos. toSept. 30. 7,135,296 2,615,717 12,0*9 2,155.734 472,032 coming cotton year. We are told that 44 per cent of the
Total, 6 m o s...*15,308.847 *5,012,017 *31.919 *4.264.812 *782,124 cotton rfeeived at the port of New Orleans has gone to the
presses of the Port Chalmette Company.—V. 63, p. 601.
V. 64, p. 180.
n ess.—T he
THE
371
C H K O N IC L E .
[VOL. LX1V,
R i v e r UK -New Mortem I also in the treasury. The first balance sheet is in course of
t w . —Trains t>cgan running preparation and a copy will be furnished as speedily as
, r tin? P.irt Avenue Viaduct tut 1 the possible. [Toe statement of earnings for 1898 is given in the
w « n * » « r I f u ti M m ik ih v g
Lkvestoks’ Supplement of Jan. 80, 1897 ] —V. 64, p. 331.
M W I # u r - t r a c k d i & w i i i jge aerus* the Hirletn Rlvt-r.—V. 64,
Northern Central Ry,—New Officers,—Mr, Frank Thomson
P* ^
has been elected President to lid the vacancy caused by the
f t * f i t C’ liJ c t t f* * & m , !>iu to HR —Q u a r te r ly Eirom u D tctrol^r til have b*@ii reported death of Mr. Roberts, The following officers have also been
iB g » ^ *■
full y. nr i$ given on a pre* electedS John P. Green. First Vice President; Charles E.
It r
Pugh. Second Vice President! Sutherland M. Prevojt, Third
Otktr TaUresf, Balance, Vice-President; J. B. Hutchinson, Cimeral Manager. The
intimir, taxcg, etc.
surplus. company's annual report will be found on subsequent pagts
* l , t» t-3 *4,762 $1 i5 ,» l a o f to-day’s CUKON'icm.—V. 64, p. 830,
S i-.tio 3»-47 5 2U 6.187 209,398
Ogdfinsburg St Ltae Cltimplaln RR ,— Decision as to Inter
w f, o-t,
S o \< rk .New Haven & Hartford RR.—Floating Debt est Payment, —Judge Wheeler, in the Unite i States Circuit
funded.-A be citi-paiv has solo to » t-ymUes'e c uupo-ed c f Court ior the District of Vermont, has rendered a decision
Ki,],iir. IVai-dv « Co.. K. L, Day & Co and Estanrook & on the petition of the bondholders of the Ogdensburg & Lake
Co . ■f
» I tv* l i n k of tanIds sufficient to provide Champlain HR. Co. to have the net earnings earned since
fir s t " t1< au :g d il l of she New Haven and its allied com- tbe road went into the hands of the receivers applied to
The Judge
tut t,« a nd to nit at cbHestti i a n u' urine In the near future. interest on the first mortgage bonds.
in tbe following
language: “ According
1 1 I in t of i l l ' s s> d it limit s the $5,100,000 New England sums up
guaiai '. nt
:»» d « new New llitv. n con-convertible 4 per to these considerations the net earnings set apart
cant hord to hr ireutd. Bv o i u m of the negotiation the siren the receivership seem to be free of all claims prior to
,. i>: j «i , |ni ii,-. » - d.aiing debt on a four per cent basis. This that of the bondholders and to be properly payable over to
d« 1 1 <« i,i c.u i-'i.u I'.tit t*. nuttil; it curnd in the acquisition of them.” These earnings now aggregate about 8125,000,
the New E 'lln n road, The lunda required for theexten and an effort was made by certain fl lating-debt holders to
iivt iiMuort tm ms of i lie last few tears were provided from have tbeir claims satisfied before interest should he paid on
ii , >«ie ■) void years ago of stock and debenture bondr.—V. 1be bonds. This Judge Wheeler refuses to allow. Tne deci
sion says, however, ihat as the figures upon which these
b i. ft, :u u .
views rest have not all been received, no final order for the
New York Ontario * Western R y — Quitrterlu.—Evtnings payment of the interest will be made till the next term,—V.
for tin (Hunter ai d the six months ending Dec 8t :
S3, p. 1116.
3 1 "e t ml
Gras*
NX
Other
Interest, Balance,
Ohio Southern R R.—Receivers' Certificates Offered.—The
iet) iHe. 31— f.inungs.
ear* m.171. income. taxes, etc. surplus.
tsSli............ si* J.'tp $;-t;.l>77 ssc.aes $290,710 $121,830 receivers give notice that in pursuance of an order of the
130,537 Court of Common Pleas of Allen County Ohio, having
1 st;............. i.ios.aoe
3 0,928 21,250 225.041
li, *,>«>. ha—
charge of the property, they will sell $365.0 *0 receivers' cer
J8»<.......... $2,120,705 $7«tS.917 $41,415 $471,306 $337,026 tificates. Sealed bids for a portion or the whole of the issue
f ,1-1,7.227 723,0-15 40,090 457,093 3 00,042
istift.........
Lears and bills puyible Dec 81, 1896, 8301,838, against may be addressed to room 65, 40 Wall Street, New York
Ci'y, up to twelve o’clock uoon, Feb. 23. 1897
$484,883 on Jure 30.—V, 83, p. 880,
Tnese certificates are for $1,000 each, are dated Feb. 15,
Norfolk St Western Ry.—A m Securities Beady Feb. 24.— 1897, bear interest at the rate of 6 per o nt per annum, pay
On ar.,d iif'• r Fi b ‘, 4 b, W97, holders of reorganisation cer- able femi-anrtually, aDd are a first lien upon all the property
tilic.ilts iifotd by the M. rem tile Trust Company for bonds of the Orio Southern RR. Co. in the S'ate of Ohio, saving
&tut s" * cl - 1 i the Noifolh & Wistern RR. Co., the Roanoke only meh taxes as may be hereafter found entitled to priority.
& Siu'hern Ry. Co. and the Lynchburg & Durham Ry. Co The receivers are N. E. Matthews and F. P. Graff. See ad
may i:\ci si e«* the sar. e at the office of ihe Trust Company, vertisement in another column.
Equitul le Budding, New York, for the securities of the new
Ih e purposes for which the receivers’ certificates were
cc nu er y. 8- e advertisement in another column.
authorized are: To take up engine and car trust due with
Abxtr ct of Mi rlgage.—An abetrecof the first consolidated interest to Jan. I, 1897, $257,2 5; car mileage, $15,000; gravel,
tsoitgage, h cluing 11 -e row bonds to be issued Feb. 24 is etc., for improvements. $15,000; wages, $32,552; luel bills,
given i i, p;.g s 70 to 380 of tod->y% Cerosk xe . Tbe official $26,181; freight bills, $21,724; construction of spur, $3,000.—
state mi nt to ihe New York Stock Exchange says ;
V. 64, p. 331.
The tii i-1 cor solids ted mortgage holds of 1896 cover tbe
Oregon Sh -rt L in e * Utah Northern Ry .—Sale Confirmed.
entire mure an system, conjpti-ing 1.570 miles formerly oper —The receDt foreclosure sale (V. 63. p. 1010) has oeen con
and by ihe Ntufi Ik & Wistern BR Co,, together with all firmed by Judge Belliuger.—V. 64, p. a3l,
On if t ijuipmei t The bonds are fur-her secured by pledge of
Reading Company .—New Officers.— The directors ou
the stick i f ihe Colon bus Conn, cling & Terminal RR. Co.
and of 84,1 IT.Ct O par value of 1 quipmmt mortgage 5 per QPnt Wednesday elected William R. 1’aytor Vice-President. He
was
also elected Vice-President of the Reading Coal & Iron
bonds 01 IShS, issued by be Norfolk & Western RR Co. under
its trust d> id of -rut e 1, )8h8, si o >2 322,929 of additional equip Company. Mr. Taylor has been connected with the Reading
ment obligation* asm d by the N rfolk & Western RR, Co, in for many years, and has proved himself a mist efficient and
rvsplit of vaiii us iq.iipmenf. It further covers all railroad, obliging official. Mr. W. G. Brown was elect d S-cretary of
ttjmpuu nt, stock, bonds and other property which tbe cotn- the Reading Company and Assistant Secretary of the Coal &
p.ti.y n av hen-after acquire with the bonds reserved for Iron Cotnpanv, to fill the vacancy caused by Mr. Taylor’s
new c* n»uuciior, m pic vi moots, etc. It. is a first lien on the promotion.—V . 64, p. 288.
following j,io| ernes: N-rfolk T-rminal Division; Clinch
Terre Haute & Loga-t-quirt R M.—Uoupm Payment.—The
Valb y Division; Lv nebt-urg & Dirham Division; Roanoke & receiver of the Terre Haute & Indianapolis RR., as ordered
Southern Division; Maryland & Washington Division; Ohio last week by tbe United States Circuit Court at Indianapolis,
Externior : Roanoke Machine Work*; tbe stock of the Colum is paying through tne Farmers’ Loan & TrustCo. the coupons
bus Connvcling & Terminal Railroad Co., and s Ibo the equip due July 1, 1896, on the Terre H .ute & Logausport guaran
ment, ©MU Btinn* above nieniioEei'. amounting in th« aggre teed bonds. Interest for the bonds deposited with the Scudgate to 8ti.-t39.929. {including ihe North Carolina Extension di-r Committee can be obtained on presenting the cerdftcites
hue accidently onut-ed, the lints of railway on which the representing the bonds to the New York Security & Trust Co.,
» ,-.rigage :» now a flirt lien aggregate 840 ini'ee.—Eds .]
46 Wall Street. The amount payable on each bond is $31 11,
The remainder cf the system is subj-ct to prior charges being the coupon of July 1, 1896, and interest thereon to Feb.
aggregating 823.388.200, which, the mortgage provider, cannot 12, 1897.- V . 64, p. 288.
i t- increased, but may tie extended at a rate of interest not in
Wheeling St L ike Erie Ry.—Preliminary Report o f Stock
fa c e s of lb - tan now payable thereon. The first consolid holders’ Committee.—Charles Fairchild, of Charles Fairchild
ated murigiige provide, for the ctcfttion, under certain & Co., and Alexander McNeill, of Thompson, Adams &
condition*, of a prior lieu mortgage to secure an issue of not McNeill* announce that the committee for the stockholders has
to excel d $;!,3,k|,0,m}. The total authorized issue of first con- prepared a preliminary report of its investigations wnich is
st»l* I* iO-‘,V 0 OUt, and 'he Ixmds are to be issued as follows:
now ready for distribution to stockholders o f the company.
4*3.322,et>u lb*- reitrrantxatloe oen m ttee lu ooasIderaUon of the See advertisement in another column.
trm
of Hie tiroperty.
Floating Debt.—The committee’s report contains a balance
25,.986,4*9 r- •••'ve.t b- taka oil the ahovc-racntioued outstanding
nmlt-tnrheil prior ulittar iitoi-»
sheet of Nov. 30, 1896, furnished by the receivers, which
3.500,000 ie*rr nt for the pur h-«e »r payment of car trust obliga shows car trusts outstanding to the amountof $628,021, which
ti, .1 it oih-r co-rgi-.s fur Hie ore*tinn of a reserve fund
b-r ipe- isl he ruvemrim, and for any oilier neoesutry were not known to be in existence, and current liaoilities
puipo»r»ol ihambw iv ( ompitny
as follows:
'*,60(1.5tl le-erviti i-.i-r n,r-fulti■«u-irdml r-Mfii'dlotm for new Hills payable................. $523,098 Interest aoer tnd......... $103,806
le
T e r It
J v ir r r
to u t
H udson
miucl in
Wi
*■'•f;-i*... tun sad ..aai ul*)**-, and for betterments and Accounts payable......... 270,790 raxes accrued .........
10,500
1,1,
t,. -mU bands to be lisued at a rates not Wages
149,537 Rental .. . .. ..............
3,299
stersedb-g kl,0Oo,t*00 per annum.
4.510 Pa-s. balanoes, etc............................. 32,870
Interestaud (liv’d due...
Total o f a ll.................................................................................. «L ,i0 4 ,4 s2
financial.-- I h** entire pres nt annual fixed charges of the
tr-p'i-y. including interest on all undisturbed bonds of tbe
old company, and t-ulalandingcar trust oblignlions, and on all
th*. i,i w bond- i-*ind puiMiant to ihe reorganization plan, are
$2 .2>=,;-i 594 r» r annum.
Tm* ou'standing car trust obligations
amount to **95.i «•*. The company has no flimting debt. The
company te-g-vo in operaii ns on Oct. 1, 1898, and on that
date Its ea»h « •». !•-. including a bdsuce to be received from
tii*- reorgai iraunn committee, was materially in excess of tbe
cut rent obligstion*. A subatanttal amount of securities is
The assets include ; Cush and cash assets, $81,488; company’s
bonds in treasury. $383,000 (of the $7,734,000 reported as out
standing June 80. 1816); accounts receivable. $191,016; duo
from W, & L. E Ry. Goal Co. (old account), $401,752; VV. L.
E & P. Coal Co , $207,208 ; investment in securities, $1,266,585.
The balance aueet of June 30, 1896. was in the C hronicle
of Sept. 19, 1896, and showed no 11 lattng debt whatever,
merely items of " ne' current asset- ” o r $377,955 and accrued
interest on bonds of $133,418.—V. 64, p. 333.
THE CHRONICLE
Febkoary 20, lo97.]
I m p o r t s
NORTH ERN
a n d
Tons.
H o c u m e u t s .
CEN TRAL
R A IL W A Y
1 8 9 6 ............. .1 3 ,2 5 3 ,4 3 1
1 8 9 5 ............. .1 3 ,6 0 5 ,4 9 3
375
Tons one m ile.
E a rn in g s.
per m
8 8 5 ,5 5 2 ,9 * 6
8 7 5 ,6 8 1 ,7 4 9
$ 4 ,7 6 7 ,2 2 7 35
4 ,9 1 0 ,5 8 5 16
•538
•561
9 ,8 7 1 ,2 4 7
CO .
FORTY-SECOND ANNUAL REPORT—FOR THE YEAR
ENDING DECEMBER 31, 1896.
Office of N orthern Central Railway Co., )
Baltimore, February 17th, 1897. )
To the S tockholders o f the N orthern C en tra l R a ilw a y C o :
Decrease___ ..
352 ,0 6 2
Percentage. ..
2-558
$ 1 4 3 ,3 5 7 81
1-127
2-919
•023
4-100
The earnings per mile of road were as follows :
Main line, 148 m iles.............................................................................. $ 2 7 ,5 6 9
Lykens Valley -railroad. 20 m iles..................................................
5 ,5 2 5
Shamokin Division, 28 m iles............................................................. 1 4 ,8 5 8
Elmira Division, 78 miles ................................................................. 1 3 .0 0 2
Canandaigua Division, 103 m iles....................................................
6 ,461
98
97
92
44
02
The tonnage of the main line of the Northern Central
The Directors respectfully submit the following report of
the operations of the main line and of the railroads now Railway decreased 285,397 tons, with a decrease in earnings
operated under lease or otherwise by this Company for the of $205,468 23.
The coal tonnage of the main line in 1896 was 4,074,658
year ending December 31st, 1896.
tons, and in 1895, 4,570,039 tons, a decrease of 495,3S1 tons.
E A R N IN G S.
There was a decrease in the traffic delivered to the Penn
From freight...........................................
$ 4 ,7 6 7 ,2 2 7 35
“
passengers.................................
1 ,0 9 4 ,5 1 8 54
sylvania Railroad at Marysville and Rockville of 252,693
“
express.........................
1 1 8 ,0 3 9 7 7
tons. The total coal tonnage to Baltimore was 819,036 tons,
•'
m a ils..........................................................
92,3 8 1 84
a decrease of 54,903 tons.
“
miscellaneous.........................................
2 1 4 ,4 3 4 52
The coal tonnage of the Lykens Valley Railroad was
Total earnings____________ _____________________ ________$ 6 ,2 8 6 ,6 0 2 02
535,784 tons in 1896 and 558,351 tons in 1895, a decrease of
EXPENSES.
22,567 tons.
For maintenance of way and structures.
$ 8 2 5 ,7 0 6 52
The coal tonnage of the Shamokin Division was 1,362,492
“ maintenance of equipment..................... 1 ,0 2 9 ,6 4 7 82
tons
and in 1895 1,601,929 tons, a decrease of 239,437 tons.
“ conducting transportation.................... 2 ,6 6 8 ,6 5 4 16
The coal tonnage of the Elmira Division was 1,988,575
“ general expenses____ ____________ ____
119 ,0 9 6 51
tons and in 1895 2,055,284 tons, a decrease of 66,709 tons.
Total expenses.......................... ............................................... 4 ,6 4 3 ,1 0 5 01
In the northbound anthracite trade there was an increase
of 48,914 tons and in the bituminous a decrease of 115,623
N e t earnings..................................... .............................................$ 1 ,6 4 3 ,4 9 7 01
tons.
The gross earnings from operation of the Northern Cen
On the Canandaigua Division the coal tonnage was 955,265
tral Railway and railroads controlled by it, for the
tons, and in 1895 1,083,09 1tons, a decrease of 106,825 tons.
year ending December 3 ls t , 1 8 96, w ere............................$ 6 ,2 8 6 ,6 0 2 02
The aggregate movement of bituminous coal was 2,616,598
A nd for the previous year............................................................ 6 ,5 0 6 ,0 2 7 86
tons, a decrease of 103,618 tons, and of anthracite coal
Showing a decrease in gross earnings o f ...................... .....$ 2 1 9 ,4 2 5 84
3,874,430 tons, a decrease of 421,344 tons. The tonnage of
both clashes amounted to 6,191.028 tons, as against 7,015,990
The expenses for tlie same period w ere................................$ 1 ,6 *3 ,1 0 5 01
And for the previous year........................................................... 4 ,5 9 8 ,5 1 9 08 for the preceding year, being a decrease of 524.982 tons in
$4-1,585 93 the actual aggregate of coal transported, irrespective of the
Showing an in -lease in expenses of.
number of divisions over which it was moved.
The net earnings for the same period were.......................... $ 1 ,6 4 3 ,1 9 7 01
The amount of grain received at the elevators at Canton,
A nd for the previous year........................................................... 1,9 0 7 ,5 0 8 78 as compared with the previous year, was :
8bowing a deorease in net earnings o f ............................
$2 6 4 ,0 1 1 77
IN CO M E ACC O U N T.
In addition to the net earnings as above stated............... $ 1 ,6 4 3 ,4 9 7
There was received from dividends and interest.............
3 2 4 ,3 8 4
Interest on equipment..................................... .............................
2 7 ,9 2 8
Proportion of loss in operating Elmira and Canandaigua
Divisions received from Pennsylvania Railroad Co........
4 7 ,7 6 2
01
00
95
21
Total net receipts.....................................................................$ 2 ,0 4 3 ,5 7 2 20
From which deduct tbe foUowing am oun ts:
Rental Shamokm Valley & Pottsville R R .$ 2 0 2 ,0 9 3 31
Rental Elmira A Williamsport R ailroad.. 1 54,381 26
Rental Lykens Valley Railroad :
. Summit Branch Railroad___ $ 1 8 ,9 2 3 60
Lykens Valley Railroad......... 2 4 ,4 0 2 72
-----------------4 3 ,3 2 6 32
$ 3 9 9 ,8 0 0 92
Interest on Equipm ent:
Shamokln Valley A Pottsville
Railroad........................................... $ 4 ,5 6 8 51
Elmira & Williamsport Railroad 15,110 45
Elmira A Lake Ontario Railroad 17,112 27
36,7 9 1 23
------------------
436,592|15
$ 1 ,6 0 6 ,9 8 0 05
Deduct—
Interest on funded debt........................................... $ 7 7 9 ,7 0 5 00
Interest on real estate mortgages and
ground rents.............................................................
2 0 ,8 8 7 06
Interest on car trusts...............................................
43,0 3 0 79
Interest account, exchange, A c ...........................
4 1 6 76
T axos................................................................................
6 1 ,2 7 7 86
Sundry expenditures.................................................
1 0 ,3 4 0 0 4
Am ount advanced Mineral Railroad A Min
ing Co. for losses In operation in 1 8 9 6 ___
4 7 ,0 0 0 00
Ainnnnt advanced hi Elmira & Lake On
tario Ra lroad Company:—
For interest.............................. $2 5 ,0 2 9 26
For taxes, A c ............................ 15,4 2 6 76
------------------ 4 0 ,4 5 6 02
1,0 0 3 ,1 2 2 53
Balance to credit of Income Account for 1 8 9 6 ....................
Out of which were paid cash dividends of seven per cent.
$ 6 0 3 ,8 5 7 52
5 2 6 ,2 6 7 00
Leaving amount to be transferred to credit of Profit and
Loss account for 1 8 9 6 .................................................................
$ 7 7 ,5 9 0 52
Am ount to credit Profit and Loss Account.
December 31st, 1895 ..................................... $ 1 ,7 4 1 ,3 9 5 27
Add net profit realized on investm ents.......
2 3 7 ,3 9 3 34
----------------------- 1 ,9 81,788 61
Balance to credit of Profit and Loss Account Deoeraber
31st, 1 8 9 6 .........................................................................................$ 2 ,0 5 9 ,3 7 9 13
The total number of passengers, irrespective of the divis
ion over which they were carried, the passenger mileage,
and the revenue derived from the same, on all lines of the
company, were :
, _
Paesenpers.
...................... 3,8 4 8 ,8 3 3
1 8 9 5 ....................... 4 .H 2 .5 2 6
Decrease ........... 263 ,6 9 3
Percentage.......
6-41
Passengers
One Mile.
51,1 5 6 008
5 1 ,9 5 1 ,2 8 5
7 9 5 .2 7 7
1-53
Kale per
Passenper
Earninps.
p er Mile.
$1,094,511? 54
2 140
1,1 3 3 ,4 5 3 9 7
2-182
3 8 ,9 3 5 43
'042
344
1-92
The total number of tons, irrespective of the divisions
over which they were moved, and tonnage mileage, and the
revenue from the same, on all lines of the Company, were:
Bushels.
1 8 9 6 ............................................................................................................... 1 4 ,6 6 2 .3 3 7
1 8 9 5 ............................................................................................................... 6 ,0 0 5 ,9 5 7
A n increase o f .................................................................................... 8 ,6 5 6 ,3 8 0
The amount of grain received at the local elevator, No. 2,
in the City of Baltimore during the year was 1,441,223 bush
els. as against 1,708,828 bushels in 1895.
The main items of tonnage, besides coal and grain, were
lumber, iron ore, manufactures of iron and petroleum.
The tonnage mileage shows an increase of 1-13 per cent,
while the gross receipts from freight traffic show a decrease
of 2-92 per cent.
The average receipts from freight on your main line,
leased lines and branches were -538 cent per ton per mile—
a decrease of -023; the cost per ton per mile was ’400 cent,
an increase of -002 cent; and the net profit per ton per mile
was 1-38 mills, as against 1-63 mills for 1895.
The passenger business for the year shows a decrease in
mileage of $1‘ 3 per cent, while the revenue received there
from decreased $38,935-43, or3'44 percent. As appears from
the preceding tables, there was a loss per passenger per mile
of -10 mill, as compared with a profit in 1895 of -41 mill.
The net charges to Capital Account for the year amounted
to $249,163-90, made up as follows:
E
q u ip m e n t
.
On account of 2 5 0 long gondola cars..........$ 1 0 4 ,1 2 6 15
150 box c a r s . ............................................ . ..............
7 9 ,9 1 2 50
-$ 1 8 4 ,0 3 8 65
C o n s t r u c t io n a n d
R eal E state.
Freight vnrds, Baltim ore....................................... $ 2 8 ,9 1 4 25
Freight yard. Y ork....................................................
9 ,0 5 8 90
Principal sum of sundry ground-rents cap
2 9 ,3 5 2 1 0
italized........................................................................
$67 ,3 2 5 25
Less amount credited for sale of property in
Shamokin...................................................................
2 ,2 0 0 0 0
65,125 25
T otal....................................................................................................$ 2 4 9 ,1 6 3 90
The work of renewing the bridges and trestles was con
tinued on the various divisions of your line; and in the
aggregate 794 feet of Howe truss and other bridges, which
had become too light for the traffic, were replaced by steel
deck girder and like permanent structures. The most im
portant of these renewals were of two bridges, one on the
Baltimore Division, 126 feet long, and the other on the Can
andaigua Division, 323 feet long.
There was a net increase in Company's sidings of about
one mile. There were 4,217 tons of new steel rails and 261,636 crossties used for renewals and repairs, and the track
on the Canandaigua Division was much improved by the
use of cinder ballast.
The terminals at Canton were improved by dredging so as
to give 27 feet of water at low tide, and there were consid
erable renewals of the piers and approaches thereto at that
point.
The condition of the motive power and passenger equip
ment is about the same as in the previous year; 113 freight
cars were rebuilt to replace vacant numbers.
f H K C H R O N IC L E .
876
.Idol lo th
n i nl
w
quqimont 150 box and 164 iron
NORFOLK
fVou LXIV,
&
W ESTERN
R A IL W A Y
CO .
an oMSdil at Cliase Street, in Balti- ABSTRACT OF FIRST CONSOLIDATED MORTGAGE,
ailroafi. which provides the needed
DATED OCTOBER 22, 1896,
in of the city. A piece of property
King Street] York, for a freight de- SECURING $03,500,060 OF 4 PER CENT GOLD BONDS,
DUE OCTOBER 1, 1900.
liven' v»r>
ear the advances to the Mineral KailDuring i
iy
amounted
to
$47,000,
which
sum
PARTIES.
road A -Mi
)ur incom** account.
.•um
The Norfolk & W estern Rah ,w ay Company , o f Virginia
was eliarg
.
outstanding
under
your
Consolidated
(the “ Railway Company
party of the first part* and the
of if uni*.
Tin* am.
a> reduced through the operations of Mercantile T rust Company, of New York (the “ Trustee "),
Marti
Ocu«*n
ine
Fund
bv
the
drawing.
July
1st,
1896,
in
aceordparty o f the second part.
the Sir
PREAMBLE,
« K # w h the terms'of the mortgage, of $129,000 of Series A
Whereas, the property and franchises covered by the One
Dividends amounting to 7 per cent were paid during the Hundred-Year mortgage and the Maryland & Washington
v-.ir an i » f ... n sttrpln* earned to Credit of Profit and Loss, Division mortgage of the Norfolk & Western Railroad Com
" The .irraiigetnent with the Summit Branch Railroad Coin- pany have been ^sold [on Sept. 15 and Sept. 18, 1896), under
viiifh t'-rmpam >)n ra ed t he ! •} kens
Valiev Railroad, extending from Millersburg to Williams*; foreclosure o f said mortgages, and duly conveyed to the Rail
town, Pentisvlviinia, expired April 20th, 1896, by reason of way Company; and
Whereas, the property and franchises also o f the Lynch
the default "of the Summit Branch Railroad Company in
paving tie rental dm -to it> lessor, the. Lykens Valley Rail burg Sc Durham and Roanoke & Southern railroad com
road and Coal Companv ; but under a temporary contract panies have been sold under foreclosure of their first- mort
gages and conveyed respectively to the Norfolk Lynchburg Sc
with tie- latter, vour Company continues to operate this Durham and the Norfolk Roanoke & Southern Railroad com
road at a reduced rental more nearly corresponding to the
panies, which companies were thereupon leased to the Rail
value of the property.
Tie Board have to regret the loss o f one of your most way Co., their capital stock surrendered, and their property
valued officers, Mr. Robert Neilson, who died October 12th, and franchises vested in the Railway Company; and
Whereas, pursuant to a decree of the Circuit Court of
l *,>16. Mr. Neibon entered vour service as Superintendent of
the Elmira & Canandaigua"Division in 1874, became General the United States for the Southern District o f Ohio. Western
Superintendent o f that portion of your line north of Harris Division, the portion of the Norfolk & Western RR. con
burg in 1881, and two years later of your whole line, and veyed to it July 23, 1890, by the Scioto Valley & New Eng
continued to hold this position until his death. His devo land RR. Co. was sold subject to the mortgage thereon and
tion to dntv, high character and marked ability make his conveyed to the Railway Company; and
Whereas, pursuant to a decree o f the same court there
loss one to be deeply regretted by the Company.
. , M. Wa
wa apj anted General Superintendent have been sold and conveyed to said Railway Company an
October 26th, 1896. to fill the vacancy caused oy Mr. Neil- agreement, dated Aug. 4, 1894, with the Union Depot Co. of
Columbus, Ohio, and all the capital stock (except an amount
sonsdeath.
Mr. John Scott, who had been for many years your to qualify directors! o f the Columbus Connecting & Termi
Soli, itor. and who had been compelled by failing health to nal ER. Co., and also a lease o f said property dated May 4,
retire from that office in 1895, died cm the 29th of Novem 1892, subject to $600,000 outstanding bonds ; and
W hereas, the Railway Company has acquired all the
ber. i.>96. Mr. .Scott had won an enviable reputation by his
responsible duties confided to shares of the capital stock and all the bonds of the Roanoke
; h i. and b\ i tic stainless integrity that marked his personal Machine Works, a corporation of the State of Virginia [and
and official career, and the Board desire to place upon has caused its property to be conveyed to the Trustee— E d s .] ;
record their high appreciation of the great ability displayed and
W hereas , certain portions of the aforesaid property are
by him during his tong connection with the legal depart
subject to prior mortgages or liens. [See a table of the prior
ment of the Company.
Y.nir Board have also to regret the loss by death, on the Hens below in Article 1, Section 8.—E ds.]
19th of December, 1898. of Mr. Henry D. Welsh, who had been DESCRIPTION OF THE FIRST CONSOLS HEREBY SECURED.
A nd W hereas, the Directors and Stockholders o f tli e
a Director since 1991. Mr. Welsh, during has entire con
nection with the management, had been indefatigable in Railway Company hare duly authorized this issue, of
the performance of his duties, and had won the regard of “ First Consolidated Mortgage 4 per cent gold bonds'' [here
his associates, not only by his faithful attention to the in- inafter in this abstract, called consols.—E ds.] to an aggre
terests of the Company anil the sound judgment and valu gate amount not exceeding $63,500,000, the principal payable
able business experience that he brought to its service, but October 1, 1996, in gold coin of the United States of the
by the many attractive personal qualities which character present standard of weight and fineness at the office o r
agency of the Railway Company in the City of New York,
ized his intercourse with them.
Mr, Charles E. Pugh was elected a Director to fill the with interest from October 1, 1896, at the rate of 4 per cent
per annum, payable semi-annually on the first days of April
vacancy thus created.
While fully appreciating the loss to the service through and October in each year in like gold coin at said office or
the deaths already mentioned, the Board feel that the event agency. Both such principal am f interest are to be payable
must deeply to be deplored is tlie death o f your late Presi without deduction for any tax or taxes which the Railway
dent. Mr. George B. Roberts, on the 30th of January, 1897. Company may be required to pay or retain therefrom under
'The Company has thus been deprived of a wise counselor, a or by reason of any present or future law o f the United
faithful overseer and an able executive, who, during the States or any State or Municipality thereof. The bonds are
seventeen years in which he was your President, devoted to to be coupon bonds of the par value of $1,000, or $500, or
vour interests a matured and exceptional experience in $100 each, with provision for registration .as to principal,
railway administration that signally contributed to the and registered bonds without coupons, each of the par value
welfare and prosperity o f your property.
of $1,000, or such multiples of $1,000 as the Railway Com
Mr. Frank Thomson, formerly First Vice-President, was pany, from time to time, may prescribe by resolution of its
elected President to fill the vacancy caused by the death of Board o f Directors. The coupon bonds to be o f the following
Mr. Roberts and in accordance with the revised organiza tenor and the registered bonds similar, but without coupons,
tion the following officers were also elected: Mr. John P. and containing the provisions regarding transfer which are
Gr- '
first Vice-President; Mr. Charles E. Pugh, Second stated in this abstract under the heading “ registration:-'
V ic.-President; Mr. 8 M. Provost, Third Vice-President.
FORM OF COUPON FIRST CONSOLIDATED MORTGAGE GOLD BOND.
Mr, J. B. Hutoldnson was appointed General Manager to
UNITED STATES OF AMERICA.
fill the vacancy caused by the election o f Mr. Prevost as
No.
$--------*
STATE OF VIRGINIA.
Third Vice President: Mr. Michael Trump, General Superint. n lent Tran -p.rtat inn, vice Mr. J. B. Hutchinson, appointed
NORFOLK A WESTERN RAILWA T COMPANY.
General Manager: Mr, W. H, Joyce, Freight Traffic Manager;
F ir s t C o n s o l id a t e d M o r t g a g iiF o c r P e r Ge n t G o l d B o n d .
Mr. 9amm I R> a. First Assistant, and Mr. W , A. Patton and
K n o w a l l m e n b v t h e s e P r e s e n t s , T h a t N o r f o l k & W b -t k r n
Mr K. T.Po-t I*-thwaite additional Assistants to the President. R a i l w a y c o m p a n y , a c o r p o r a t i o n h e r e i n a f t e r o a l le d t h e " R a i l w a y
r o m is e s tto
o pay
p a y to th e b ea rer, o r, u
Mr, V . B. McCuir-b was appointed Superintendent of the Company," for value received, promises
dollar*, gold
to the registered bolder of tills bond,
Shamokin Division December 10, 1896, to fill the vacancy registered,
present, standard
weight
_________________
___________________
ird ooff weigh
coin
of the United States
of America of tbe presei
c.-uiM- i by tin- transfer o f Mr. Almet E. Reed to the Altoona _______
____ ______________
_ of
__ October,
_______ iiTtho
i the year 1996,
a id fineness,
on the first day
19»6, at the office
D iv isio n o f th e P e n n sy lv a n ia R a ilroa d ,
TC following statements of the Treasurer accompany this
rojKirf : Income Account, General Financial Statement and
Statement of Bonds and stocks owned by the Company.
There is also appended to the report the Statement of the
Insurance Fund. Your attention .is also called to the re
ports of the General Manager and Auditor, showing in detail
the >ip nations of the year,
It gives the Board great pleasure to acknowledge the zeal
and fidelity displayed by the various officers and employes
in the discharge of their duties during the past year.
By order of the Board of Directors,
FRANK THOMSON,
President.
or agency o f the Railway Company In the City of Now York, N. Y.,
and to pay Interest thereon, at the rate of four per cent per annum
from October 1st, 1896, payable semi-annually at said office or agency,
In like gold coin, on the first, days April and October in each year, but.
only upon presentation and surrender, as they severally mature, of the
coupon* therefor annexed, and to be annexed hereto. Upon presenta
tion of tills bond on or after Ootober 1st, 19-ld, tbe Railway Company
will attach thereto sheets of coupons representing tbe interest install
ments to become due after that, date, proper endorsement thereof
being made on tbe bond.
Both the principal and interest of this bond are payable without
deduction for any tax or taxes which tbe Railway Company may be
required to nay, or to retain therefrom, under any present or future
law of tbe United States or any State or Municipality thereof.
Tbl* bond is one of a series of First Consolidated Mortgage. Four Per
cent. Gold Bonds (coupon and registered) of the Railway Company,
issued and to be Issued, to an amount not exceeding in the aggregate
§62,500,000 at any one time outstanding (of -which amount $25,986,-
THE CHRONICLE,
Febecabt 20, 1897.]
389 of bonds are reserved to take up bonds secured by p rior m ort
gages), under and in pursuance of, and all equally secured by, a m ort
gage or deed o f trust dated October 22d, 1896, executed by the R ail
w ay Company to The M ercantile Trust Company, a corporation o f the
State o f New York, as Trustee, o f all the property and franchises of
the Railway Companv mentioned in said m ortgage or deed o f trust, to
which reference is hereby made fo r a description o f the property and
franchises mortgaged and the nature and exten t o f the security and
the rights o f the holders o f said bonds under the same, and the terms
and conditions upon which said bonds are issued and secured.
This bond shall pass bv delivery unless registered in the ow ner’s
name on the books o f the Railw ay Company at its office or agency in
the City o f New Y ork, such registry being noted on the bond by the
bond registrar o f the R ailw ay Company. A fter such registration no
transfer shall be valid unless m ade on the Company’ s books by the
registered ow ner, and sim ilarly noted on the b o n d ; but the same may
be discharged from registry by being transferred to bearer, after
which transferability by delivery shaU be restored ; but it m ay again
from tim e to time be registered or transferred to bearer as before.
Such registration, however, shall not affect the negotiability o f the
coupons, but the same shall continue to be transferable by delivery
m erely. The holder may also, at any time, at his option, surrender for
canceUation this bond with the coupons for future interest thereon in
exchange fo r a registered bond with coupons, as provided in said
m ortgage or deed o f trust.
This bond shaU not becom e obligatory for any purpose until it shall
have been authenticated by the certificate hereon endorsed o f the
Trustee under said uiorcgage or deed o f trust.
IN w i t n e s s w h e r e o f tne N orfolk & Western Railw ay Company
has caused these presents to be signed by its President or one o f its
Vice-Presidents, and its corporate seal to be hereunto affixed, and to
be attested by its Secretary or an Assistant Secretary, and coupons for
said interest maturing up to October 1st, 1946, with the engraved
signature o f its Treasurer, to be attached hereunto, this twenty-second
d ay o f O ctober, 1896.
N o r f o l k & W e st e r n R a il w a y C o m p a n y ,
By
A ttest
form
of
coupon
, of w
A P R IL
All other railway and telegraph lines, real estate, rolling
stock, franchises, vessels, etc. (but not including money,
bonds, stocks and choses in action except as herein specifi
cally mentioned) which have been conveyed to the Railway
Company under said decrees now or hereafter entered.
P R O P E R T Y H E R E A F T E R A C Q U IR E D W IT H P R O C E E D S
h ic h
OF
THESE
BONDS-
All lines of railway, rolling stock, bonds, stocks, etc.,
hereafter acquired in the manner provided in Section 5 of
Article One. or with bonds issued under Section 4 of Article
One, or under the Prior Lien Mortgage.
A L L R O L L IN G S T O C K , F R A N C H IS E S , ET C .
All road beds, rights o f way, tracks, bridges, buildings,
depots, engine houses, machine shops, and all other things
noAV or hereafter owned appertaining to any of said lines of
railway and all leases and contracts in connection therewith.
All locomotives, cars, and other rolling stock and equip
ment acquired or to he acquired for use on such railways.
All privileges and franchises now or hereafter acquired.
All profits and other income of the mortgaged premises.
CAR
TRU ST S,
E T C .,
[C O V E R IN G
E Q U IP M E N T
VALUED
AT
OVER
$ 6 ,-
500,000.—EDI-.]
The following equipment obligations :
N orfolk A W estern RR. equipm ent 5 per cent bonds o f 1888 for
$4,117,000.
Other equipm ent obligations o f said com pany fo r $2,322,929.
A ll other equipm ent bonds of 1888 and car trusts or other equipm eat obligations o f the Norfolk A W estern R R . Co. hereafter acqulred,
S H A R E S O F STOC K.
The following shares of stock are also conveyed :
t iib
f ir s t
is
to
be
payable
1, 1897.
No.
$
On the first day o f
,
, N orfolk & W estern R ailw ay
■Company will pay to bearer at its office or agen cy in the City o f New
York. N. Y.,
‘
dollars gold coin, w ithout deduction for taxes,
being six months’ interest then due on its First Consolidated M ortgage
F our Per Cent G old Bond No.
Treasurer.
form
A L L O T H E R R A I L W A Y P R O P E R T Y A C Q U IR E D U N D E R S A ID D E C R E E S .
President.
Secretary.
in t e r e s t
377
o f t r u s t e e ’s c e r t if ic a t e .
Thi* bond is one o f the series o f bonds described ih the within-m en
tioned M ortgage or Deed o f Trust executed by the N orfolk A Western
.Railway Com pany to the undersigned.
T h e M e r c a n t il e T r u s t C o m p a n y ,
Trustee.
By
Vice-President.
PR O PE R T Y CONVEYED A8 SECURITY.
Columbus C onnecting A Term inal R R ., 6,000 shares o f $100 eaoh,
upon which there has been paid $65 per share, aggregating $390,000,
Scioto Valley A New England R R ., 5,000 shares o f $100 each, to bs
held as a m uniment o f title to the property, form erly o f said com pany,
hereby m ortgaged and conveyed.
R IG H T TO A C QU IRE P R O P E R T Y FR E E FROM LIEN OF
THIS M ORTGAGE.
Nothing in this indenture shall limit the right of the Rail
way Company in any manner except by the use of the bonds
reserved under Sections 4 and 5 of Article I. of this in
denture, or the Prior Lien Bonds hereinafter mentioned, to
acquire other lines of railtvay, or interests therein, free from
the lien of this indenture; and
A L L THE CONSOLS W H E N E VE R ISSUED T o BE EQUALLY
SECURED.
BUT IN TRUST, for the equal and proportionate benefit
and security of all present and future holders of the bonds
and interest obligations to be issued under this indenture.
As security for the mortgage are conveyed to the Trustee
all and singular the following properties, rights and fran
ARTICLE ONE.
chises : [The sections of road here tabulated are those de
ISSUE OF CONSOLS'LIM ITED TO $62,500,000.
scribed in the mortgage, but in this abstract they are
S e c t i o n 1. The aggregate amount of the bonds issued
grouped so as to show the lines on which the mortgage is a
under this indenture shall never exceed $62,500,000.
first lien.— E d s .]
840 m i l e s on w h i c h t h i s m o r t g a g e is a FIR ST l i e n .
L in es fr e e fro m p r io r liens.
Miles.
N orfolk,'V a., to coal pier at Lam bert’s Point and brunch.................
6
A lso the coal piers, docks, land, warehouses elevator at Lam bert’s
Point, 415 acres o f land, Including that under water adjacent
thereto, etc
N orth Carolina E xtension, from near Ivanhoc. Va., [to North Caro
lina State LineJ com pleted to Gossan, with branches...................... 18
C linch Valley Division, Graham, Va., to N orton, Va , on L. A N. RR.100
Branches, Big Creek, Coal Creek. Russell Creek, e t c ....................... 16
Lynchburg, V., to Durham, N. O., (form er Lynch!). A Durham RR.).113
Roanoke, Va., to Winston-Salem. N. C „ with branches (form er
Roanoke A Southern R R .)....................................................................... 123
M aryl’d A W ashington D ivision—H agerstown, Md., to Roanoke. Va.238
B randies to ore mines, etc., on Maryland A W ashington D tv ....... 19
Ohio Extension, Kyle. W. Va., to Coal G rove, O hio............................. 191
Branches and spurs on a bove lines....................................................... 16
Total mileage on which this m ortgage is a first lie n ..................... 840
N ote —Of the Maryland A W ashington Division the 11 miles in M ary
land have beeu conveyed to the Trustee as provided in the mortgage.
LINES SUBJECT TO PRIOR LIENS.
JJnder General Mortgage o f 1381. Improvement and Extension
Morfgage, and old Divisional Mortgages.
N orfolk, Va., to B ristol, Va., (412 m .i, and branch to C itv Point,
10 m iles..... . .................................................................................. .......
Other branches and spurs, viz : Saltville, N orfolk, Money Point,
Gtlmerton, Lyuchburg Belt, Durham Division conn ecting,
Roanoke Belt, Kingston and R ad ford ............................................
Miles.
422
19
Under New River Division Mortgage:
Radford, Va., to Kyle, W est Va. (35 in.), and branches to coal
mines (18 m iles.....................................................................................
C ripple Creek Extension, Pulaski to Ivanhoe (30 m iles), and
branches to ore mines (20 m ile s).....................................................
103
50
Under Scioto Valley it Nete England Mortgage:
Colum bus, O.. to Coal Grove (form erly Petersburg) opposite
Ashland, K y ........................................... ......
.................................. 131Q
A lso certain lots o f land In Franklin County, Ohio, and the shop
grounds leased in Portsm outh, O., etc.., but ex cep tin g lot
No. 442 in Columbus, O
----------Total mileage, subject to prior liens............................................ 725*2
Grand total o f all m ileage con ve s ed at date o f m ortg ag e........... 1,565 8*
Also the following properties and rights in properties:
COLOMBO*, OHIO, TERM ISAL OROPERTIE8.
All leasehold and other estate in the following companies:
Union D epot Co. o f Columbus. O., under aKreem m t o f Aug. 1,1890.
Columbus C onnecting & Termlunl RR. ^nder lease o f May 4, 1892.
A FIRST LIEN ON R O A N O K E M A CH IN E W O R K S .
CONSOLS F O R $ 2 3 , 3 2 2 , 6 0 0 T O B E ISSU ED F O R R E O R G A N IZ A T IO N
P U R P O SE S.
S e c t i o n 2. Of the bonds authorized §23,322,600 shall be
delivered forthwith to the Reorganization Committee of the
Norfolk & Western Railroad Co.
CONSOLS F O R
$25,986,989
R E S E R V E D TO R E T IR E
P R IO R LIE N S.
$23,388,200
OF
S e c t i o n 3. Of the remainder of the issue there s h a l l b e
reserved by the Trustee bonds to the amount of $25,986,889
for the acquisition or redemption of a l l the $33,388,200 “ out
standing old bonds” as follows :
Title o f Lien.
Norfolk & Petersburg Second M ortgage of 1868....... ..........
Southside Railroad Consolidated M ortgage o f 1868............
Virginia & Tennessee R ailroad Enlarged M ortgage o f 1855
Lien to secure 6 per cent preferred stock o f the Virginia
& Tennessee R ailroad...............................................................
Virginia & Tennessee Railroad Fourth M ortgage o f 1866.
N orfolk A Western RR. General M ortgage o f 1881............
New River Division First M ortgage o f 18 82...................
Im provem ent and E xtension M ortgageof 1883.................
S cioio V alley <k New England First M ortgage o f 1889---Columbus C onnecting & Term inal RR. First M ortgage___
Amount noio
Outstanding.
$496,000
1,013,300
985,000
10,900
1,000,000
7,283,000
2,000,000
5,000,000
5,000,000
600,000
T o t a l..........................................................................................$23,388,200
The consols so reserved shall be issued on resolution of
the Board of Directors of the Railway Company, as follows,
and not otherwise, viz.:
(a ) W henever the R ailw ay Com pany shall tender any such o u t
standing old obligations the Trustee shall in exchange th erefor deliv
er to the Railw ay Company an am ount o f the consols equal to the
amount thereof which the Chairman of the Board o f Directors, or
the President o f the Rail'* ay Company, shall certify that it has used
to acquire such obligations tendered to the Trustee, but n ot m ore
than $1,000 par value of the bonds hereby secured for each $900 par
value o f such old outstanding obligations received by the Trustee.
(b) Whenever the Railw ay C om pany, on or after the m aturity of
any o f suoh outstanding old bonds, or on or after a date eight m onths
prior to such m aturity, shall tender cash sufficient to purchase the
same at par, the Trustee shall in consideration thereof deliver to the
R ailw ay Company $1,000 par value o f the consols reserved under
this Section fo r each 8900 o f cash so received.
(c) Every outstanding old bond so received by the Trustee shall by
It be stam ped with the words “ Not negotiable. Held in trust fo r the
purposes declared in the First Consolidated M ortgage o f the N orfolk
<fc Western Railway Com pany, dated O ctober 2 2 d, 1896,” and shall be
held by the Trustee as additional security for the paym ent o f the
bonds hereby secured until not less than 99 per cent or the issue shall
have been cauceled, or shall have been received by the Trustee,
whereupon upon the written request o f the R ailw ay Com pany, it
may, in its discretion, cancel the same.
All interest in the lands, shops, machinery, etc., at Roa
noke, Va., now in the name of the Roanoke Machine Works,
which property the Railway Company covenants to convey CONSOLS F O R $ 3 , 5 0 0 , 0 0 0 R E S E R V E D TO R E T IR E O L D C A R T R U ST S,
P R IO R LIE N BONDS (IF ISSU ED ) AN D F O R O T H E R P U R P O SE S.
[and has conveyed-Eds.] to the Trustee by a proper con
Sec. 4. Of the bonds hereby secured, $3,500,000 shall be
veyance. [These are large and fully equipped works for the
used as follows:
•construction of locomotives and cars.—Eds.]
370
THIS CHKUM1CLK
f a ) Aur of such consols not previously set apart for the
retirement of Prior Lien bonds (if tamed) as hereinafter in
Uu* -.-. lion provided, uu»v l>e used for the redemption of
old car trust bond* and other purposes, vis.:
r i F o r th e p u reh a so o r p a y m e n t o f c a r tr u s t bonds or
o b lig a tio n * u p o n a m e q u iw n w it o r o th e r p ro p e rty f o r m e r ly
o f the S u r f, l l a U V -t , rn U K . C o . s u b je c t to th e lien h e r e o f.
, f / A* a reserve fund for special improvements.
For any other necessary purposes.
,3)
T a* Trustee* shall deliver such bonds upon resolution, approved
hy two tittr-l- of the Director* of tile Railway Company, -1*00,1fytnc the parllrular purpose* for which the bonds arc to be
used
The Railway Company, whenever requested by the Trustee,
shall furnish to It eertltlcvste* signed by the Chairman of the Hoard or
lure- tors, or the president, and by the Comptroller, or tho Treasurer,
o f the Hallway Ostnptsny. sitowlUK the purposes for which the consols
delivered under this section have been used.
[You LX1V.
(e) Whether such acquisition, construction or Improvement was in
tho name or on the property of the Railway Company or by or for ac
count of any other company a - herein authorised.
(d i That ihe price paid for such construction.etc., w a sn o te y o e sslv e,
and that the bonds were disposed of at not less than their fair market
value.
(r) That such expenditures were not Included In any previous cor
tldcate and were not furnished out of the bonds reserved under Section
4 of this Article, or out of any Prior Lien bonds.
(ft In tho case of new property, the certificate shall state
whether the property to acquired Is subject to any Uen prior to this in
denture, and the amount of any such prior lion; nlso In ease of the
acquisition o f the stock or bonds of any other com pany, whether the
property of sneh other company Is subject to any lien, charge or In
debtedness anil the amount of tbe same.
OONSOLS MUST BE RESERVED FOR LIENS ON PROPERTY ACQUIRED.
( 6 ) In case any such prior liens or charge exists there shall
be set apart out of the bonds, which can then be issued
within the limit authorized by paragraph r 2 ) of this Section,
/ 6J In e®» the Railway Company slutll execute a Prior an amount of consols equivalent at par to such certified
Lien Mortgage to secure $3,500,01)0 of Prior Lien gold bonds liens, cltarges and indebtedness.
•J.OOOm Prior Lion sterling bonds, the Trustee shall OFFICERS MUST FILE WRITTEN STATEMENT AS TO PROPER APPLICATION
OF BONDS.
thereupon set apart from said $3,500,(WOpar value of bonds
reserved under this Section, an amount thereof equal at par ( 7 ) Everv such certificate unless signed 11) by the Presi
to the amount of such Prior Lien bonds for the redemption dent) or a Vice-President, or the General Manager, or the
Chief Engineer, and (9) by the Comptroller, or Auditor, or
of such Prior Lien bonds as follows :
Whenever the Railway Company shall tender any of such Prior Treasurer, of the Railway Company’, shall be accompanied
U en band*, the Trustee In exchange therefor shall deliver to the by a written statement of one of the officers first-above
Railway Conn any. an amount thereof equal to the amount of such
designated and one of the officers secondly-above designated
Prior U en bonds received by the Trustee.
The Railway Company may sell anv of the oonsols so set apart, pro that they believe ( a ) that such certificate is true and that
vided the uet'proceeds (but not less that 95 per cent of theirpar value) such bonds have been used and the expenditures certified
shall l» paid to the Trustee In exchange for Prior Lb n bonds Aud the
Railway Company covenant* that whenever It shall receive a binding have been made only for purposes authorized by this Section
oderfor not le u tn a t$ l0 0 ,0 0 0 par valneof such consols, at not lessthan and f b t that none of the expenditures were reported in any
95 per cent of tbeir par value, together with scorned Intel est, It will annual report of the Railway Company as charged to oper
within ten dai s sell the same aud pay the proceeds to the Trustee. The
ating expenses.
Railway Company shall thereupon. If practicable, purchase at a price
below 105 p e rc e n t and accrued luterest, or shall cause to he drawn
for redemption with the funds so derived, an amount of Prior Lien
bends equal, at par, to the amount of the oonsols sold as aforesaid, the
Hallway Company paying the difference between the net proceeds of
the bonds sold and the rums payable to retire an equal amount of such
Prior Lien bonds. All Prior Lieu bonds thus purchased or redeemod
shall forthwith be canceled.
r k m a im n g consols <*9.690,5111 vi*v be issu ed , at not e x c e e d
in '. $ 1 ,0 0 0 ,0 0 0 TKAltLV, KOI! EXTENSIONS, ADDITIONS, IMPBOVEXI.NT- (IXLCIIIXO AIK It[tv EES AND BALLASTING) ETC.
BONDS AND STOCK SO ACQUIRED SHALL BE TRANSFERRED TO TRUSTEE.
S ec. 5. The remainder of the authorized issue of consols,
amounting to $9,690,511, shall be reserved a s follows:
R E G IS T E R E D BO N D S W IT H O U T COUPONS.
or other additional property appurtenant to the prop
erties owned and subject to ihe lien of this indenture, or
belonging to any company of whose capital stock at least a
majority in amount shall have been pledged hereunder.
f b j And for betterments or improvements upon any prop
erty hereby mortgaged, or which shall belong to any com
pany of whose capital stock a majority shall have been
pledged hereunder (including the application of air brakes
and automatic couplers to rolling stock not supplied there
with. the fencing and ballasting of track not previously
fenced or ballasted, the substitution of stone or iron for
wooden viaducts and bridges, etc.
e j For the acquisition of the stock, bonds and indebted
ness of any company owning any such branch line, or other
additional property, provided that a majority of all the stock
of such company shall be pledged hereunder, and provided
further, that no shares or bonds or indebtedness thereafter
created by such company shall be acquired hereunder, unless
the entire sum used on account of such acquisition shall be
expended for new property, or for betterments or improve
ments, by such company.
Whenever any such registered bonds shall be surrendered
for transfer, the Trustee shall deliver to the transferee a
like amount of new registered bonds; but no registered bond
may be converted into a coupon bond.
For any exchange of coupon bonds for registered bonds,
and for any transfer of registered bonds without coupons,
the Railway Company, at its option, may make a charge not
exceeding 50 cents for each new registered bond issued in
exchange for any surrendered bonds.
Together with these statements and verified certificates,
there shall be delivered to the Trustee all bonds and shares
of stock so acquired, and such further instruments as may
be necessary to vest in the Trustee all new property so
acquired. Also there shall be furnished the written opinion
of counsel of the Railway Company to the effect that such
instruments and conveyances are sufficient for that purpose.
Sec. 6. Coupon bonds amounting to $1,000 or to any mul
ti For the construction or acquisition, after Oct. 1,1896, of tiple o f $1,000 shall be exchangeable at the option o f the
branch lines, extensions, terminal properties, rolling stock holder for registered bonds without coupons.
STRINGENT
R EGULATIONS AS TO ISSUE OF TUESE
$ 9 ,6 9 0 ,5 1 1 CONSOLS.
The consols so reserved shall be certified by the Trustee
and delivered to the Railway Company, as follows:
r t j Only upon a receipt of a copy of a resolution of the
Board of Directors of the Railway Company, certified by its
Secretary or Assistant Secretary, authorizing the issue.
( - J At a rati' not exceeding $1,000,000 of bondsonor before
June ,'50th, 1*97, and $1,000,000 additional, on or after each
succeeding first lay of July, beginning with July 1st, 1897.
3 ) At any time the Railway Company may sell bonds
within the limit of the amount authorized under CS), provihnt the net proceeds of the bonds when sold shall sim
ultaneously he deposited with the Trustee, to be by it paid
over t<. the Railway Company from time to time, in amounts
equal to the rash expenditures made by the Railway Comr*ny, pursuant to tho terms of this section. The par value
of tlo bonds so sold and the proceeds of which shall be held
by the Trustee shall not at any one time exceed $1,500,000.
j t J O t the lionds so authorized the Railway Company
shall lie entitled to receive and hold, at all times, as an ad
vance, $V») fgio, nor value ibot not more), and additional
bonds shall be delivered to it only as the bonds previously
advanced or their proceeds shall have been used as herein
authorized. Tiie Railway Company shall set apart from its
other assets ail bonds so received.
Before the Trustee shall deliver any bonds or pay over
any cash under this section CSy, the Railway Company shall
furnish a Certificate of one or more of its officers, stating:
O y Ttre sm eont of the c o n -e l, provlrm.lt o«rtlfle,1 tinder till-Section
Ism! aotarreraolml for In twevlou. certificate.) uml the amount of uuv
expetidifore, for wh’ ch reimbursement 1. claimed
3
'h i Tile particular branebe- extenalon*. terminal properties, rolling
stork or oilier property, acquired or oon.tr . ted, or stock, bonds or
tad anted D e s a Of any other rom psnr acquired, and the kind or class of
betterm ent, or Improvement* made—specifying
to each the amount
of bond* or cash expended therefor.
BONDS M U T IL A T E D OR D E S T R O Y E D M A Y BE R EP L A C E D .
In case any bond issued hereunder shall become mutilated
or shall be destroyed, upon the surrender of any such muti
lated bond to theTrustee, or upon filing with the Trustee
satisfactory evidence of such destruction, the Railway Com
pany upon receiving indemnity satisfactory to it may in its
discretion issue a new bond bearing the same serial number.
ARTICLE TWO.
R IG H T R E SE R V E D TO ISSU E $ 3 ,5 0 0 ,0 0 0 P R IO R L IE N BO N DS.
S ection 1. The Railway Company expressly reserves the
right at any time prior to the delivery of all of the $3,500,000
of bonds reserved under Section 4 of' Article One of this in
denture, to execute a mortgage which shall be superior in
lien to this indenture, to secure an issue of prior lien four
per cent fifty-year bonds.
The amount of such prior lien bonds is limited to a sum
equal to the portion of the $3,500,000 of consols reserved
under Section 1then unissued; and the Railway Company
covenants that it will not issue such Prior Lien bonds
unless an equivalent amount of these consols reserved under
Section 4 of Article One hereof shall be forthwith set apart
for the redemption of such Prior Lien bonds; but no failure
to comply with this requirement shall affect the holders of
such Prior Lien bonds.
Such mortgage shall provide for the issue of Prior
Lien bonds upon resolution of two-thirds of the Board of
Directors of the Railway Company (1) for the purpose of
taking up any car trust bonds or obligations or other charges
(other than said outstanding old bonasi upon any equipment
or other property, formerly of the Norfolk & Western Rail
road Co., which shall have been acquired by the Railway
Company and subjected to the lien hereof; (2) for the creation
of a reserve fund for special improvements; and 3) for any
other necessary purposes of the Railway Company, as deter
mined by the Board of Directors of the Railway Company.
Such Prior Lien bonds shall be redeemable at 105 per cent
at any time when drawn by lot.
A N Y OF T H E O U T STAVD IN i OLD BONDS M A Y BE E X T E N D E D
A T M A T U R IT Y IN CASE T IIE OONSOLS R ESER VED FOR
T H E M [$1,000 IN OONSOLS FOR * <00 OF OLD BONDS]
W IL L NOT SU FFICE TO R ETIR E TH E M .
Sec. 2. In case any of said outstanding old bonds
amounting to $23,388,200, cannot, at their maturity, be ac
quired by use o f the bonds hereby secured, set apart for that
purpose," then the Railway Company hereby reserves to
itself full right to extend such outstanding "old bonds for
such period and at such rate of interest, not in excess of the
February 20, 1897,)
THE CHEON1CLE
rate now payable, as its Board of Directors may determine.
The principal and interest of such extended bonds may be
made payable in gold coin.
ARTICLE THREE.
BONDS TO B E T A X E X E M P T ;
N E W COUPON SHEETS.
S e c t io n 1. As stated fully in the text of the bond given
above, the company covenants to pay promptly the principal
and interest, tax free, as they mature, and on or after Oct.
1, 1946, to attach to the coupon bonds the coupon sheets to
represent the remaining instalments of interest. All cou
pons when paid shall be canceled.
P R O P E R TY H E R E A F T E R A C Q U IR E D W IT H TH ESE CONSOLS TO
B E IM M E D IA T E L Y SUBJECT TO T H IS M O R T G A G E .
S ec. 2. All property hereafter acquired with consols shall
immediately be subject to the lien o f this indenture.
379
pledged hereunder, then, in any such case, the Trustee, if it
holds more than 85 per cent of the entire issue, shall, upon
the written request o f the Railway Company, and in other
cases upon such request, may, cause proper proceedings
to be instituted to foreclose the mortgage by which such
bonds are secured.
[Then follow explicit directions as to the course which
shall be pursued in order to secure for the bondholders here
under their full rights in the event o f foreclosure sale, liqui
dation, reorganization or consolidation of any of the com
panies whose securities are pledged with the Trustee.]
ARTICLE FIVE.
COUPONS P L E D G E D
A P A R T FRO M BONDS
O R D IN A T E LIEN .
TO
HAVE
SU B
1. No interest obligation belonging to any bond
hereby secured which on and after maturity shall be trans
D EED S OF F U R T H E R ASSURANCE.
Sec. 3. The Railway Company will execute such further ferred or pledged apart from its bond shall be entitled to
deeds and assurances in the law as the Trustee shall reason any benefit from this indenture, except after the prior pay
ment in full o f the principal o f all bonds issued hereunder,
ably require for better securing these consols.
and of all coupons not so transferred or pledged.
O F FIC E FO R R EG IST R A TIO N OF BONDS IN N E W Y O R K C ITY .
S ec.
UPON D E F A U L T
FOR S IX
M O N TH S,
TRUSTEE
MAY
TAKE
Sec. 4. The Railway Company will maintain in New York
POSSESSION.
City a registry office for the registering upon presentation of
SEC. 2. In case (1) of default for six months in the pay
coupon bonds and registered bonds issued hereunder. [For ment o f any interest on any bond secured by this indenture,
further provisions respecting registration see Sec. 6 of Arti or in the performance of any o f the covenants contained in
cle 1 and also the copy of the bond above.—E d s .]
Section 5 of Article Three hereof, or ^2) of default in the
O U T STAN D ING OLD BONDS A T M A T U R IT Y M UST B E P A ID punctual payment of the principal of any o f said bonds; or
OR E X T E N D E D .
(3) of default for six months in the due performance of any
Sec. 5. The Railway Company will pay or will cause to be other covenant herein contained, after written notice from
extended the outstanding old bonds mentioned in Section 3 the Trustee or from the holders o f 5 per cent in the amount
of Article One hereof. It will not consent to any funding o f the consols; thru in every such case the Trustee, person
of interest on any o f such outstanding old bonds or Prior ally or by its agent, may enter upon all or any part of the
Lien bonds ; but it will pay such interest punctually. It property hereby conveyed, and operate the same. There
will not permit any additional bonds to be issued under the after the Trustee may, a t the expense of the trust estate,
mortgages securing the outstanding old bonds.
maintain and insure the rolling stock, tools and machinery
T H E R A IL W A Y CO M PAN Y NOT TO SU F F E R P R IO R LIENS
and other property to the same extent as is usual with rail
TO B E CR EATED.
way companies, and may make all necessary repairs and
S ec. 6 . The Railway Company will not voluntarily suffer useful additions as to it may seem judicious.
any Ren which would be prior to the lien of these presents.
A fter deducting the expenses of operating said railways,
T A X E S , ASSESSMENTS TO BE PR O M PTL Y P AID .
and of all renewals, additions, betterments and improve
Sec. 7. The Railway Company will also from time to time ments, and all taxes, assessments and prior charges, includ
pay all taxes, assessments and governmental cliarges law ing any interest paid on bonds prior in lien to those secured
fully imposed, the lien of which would be prior hereto.
hereby, as well as compensation for its own services, the
ACTS W H IC H W OULD IM P A IR T H E V A L U E OF T H E SECUR Trustee shall apply the income of the railway as follows:
IT Y FU R N ISH E D B Y PLED G ED SH A K ES PR O H IB IT E D .
S ec. 8 . Except subject to the lien hereof, or as herein
otherwise expressly provided, the Railway Company (1) will
not part with or encumber any shares, or the voting power
thereon, of any Company a majority of whose stock shall
have been pledged hereunder, and (2 ) will exercise its voting
power thereon in such manner that it shall retain in itself
the rights o f the majority stockholder therein; and (3) will at
all times preserve each Company’s corporate existence.
It will not permit any increase of stock by any such Com
pany, or the creation of any indebtedness, or the guaranty of
any bonds, unless effective provision be made that such in
debtedness and such bonds guaranteed and all such ad
ditional stock (or such part a 3 is proportionate to the part of
such entire capital stock previously pledged hereunder) shall
immediately be pledged with the Trustee.
S ec. 9. All claims which the Railway Company may have
against any such company shall be subject to the lien hereof.
CO M PAN Y W IL L A P P L Y CONSOLS AS H E R E IN P R O VID ED .
Sec. 10. The Railway Company will not issue these consols
or amply their proceeds in any manner other than in ac
cordance with the provisions of this indenture.
ARTICLE FOUR.
T R E ATM EN T OF STOCKS AN D BONDS PLEDGED.
Sec. 1. The Trustee may cause to be registered in its name
as Trustee all coupon bonds pledged with it hereunder, or to
be exchanged for registered bonds, or to be stamped “ Not
negotiable. Held by The Mercantile Trust Company, as
Trustee, under the First consolidated mortgage of the Nor
folk & Western Railway Co., dated Oct. 22, 1896.’’
S ec. 2. Unless, in default in the due performance of some
covenant of this indenture, the Railway Company shall be
entitled to receive all interest paid and dividends declared
in respect of any bonds or stocks pledged with the Trustee.
It is provided, however, as follows:
(i) the Trustee shall not pay over to the Railway Company any princi
pal of any bond pledged hereunder;
nor any principal or interest
collected out of the property in ease of foreclosure sale or liquidation.
(?) The Railway Company shall not transfer any right to interest or
dividend*, except subject to this indenture; anil ( /) shall not collect
any such interest, or other indebtedness, by legal proceeding, except
with the assent of the Trustee, and ij ) until a tually paid, overy such
right to interest or dividends, and such other indebtedness, shall re
main subject to the lien of this indenture.
Sec. 3. Any sum paid on account o f the principal of any
bonds, car trusts, etc., pledged hereunder shall be paid over
to the Railway Company for expenditures by it made for
any o f the purposes for which bonds may be used under
Section 3 of Article One hereof, upon certificates signed by
the President or a Vice-President, or the General Manager,
or Chief Engineer, and by the Comptroller, or Auditor, or
Treasurer, of the Railway Company.
Sec. 4. Unless the Railway Company shall be in default it
shall have the right to vote upon all shares of stock pledged
for all purposes not inconsistent with this indenture.
Sec. 5. In case of default in the payment of the principal
or interest of any bonds or car trust obligations at any time
In case the principal of the bonds hereby secured shall not have
become due. to the payment of the Interest remaining in default, in
the order of its maturity, with interest thereon at the rate of 4 per
cent per annum; such payments to he made ratably to the persons en
titled thereto, without discrimination or preference.
In case the principal of the bonds hereby secured shall have become
due by declaration or otherwise, tlrst to the payraeut of the acorued
Interest (with interest thereon at the rate of 4 per cent per annum) In
the order of Its maturity, and nest to the payment of the principal of
all bonds hereby seoured. In every instance such payments shall be
made ratably without discrimination.
The Trustee shall also in sucli case exercise the right to
vote on all shares of stock pledged hereunder, and, for the
benefit of the holders of bonds hereby secured, shall receive
all interest moneys and dividends payable upon all pledged
bonds and stocks. If a Receiver shall have been appointed,
the Trustee, in its discretion, may and, if requested by
holders of a majority in amount of the bonds, shall turn
over the interest moneys so collected to such Receiver, and
may co-operate with the Receiver in operating the system
as the Trustee shall deem best for the bonds hereby secured.
UPON D E F A U L T FOR S IX M ONTHS IN T H E P A Y M E N T
IN TER EST. T H E T RU STEE, ON REQUEST OF A M A
J O R IT Y OF T H E BONDS, S H A L L D E C L A R E
T H E P R IN C IP A L DUE.
OF
S e c . 3. In case of default for six months in the payment
of any interest on any bond hereby secured, or in the per
formance of any of the covenants o f the Railway Company
contained in Section 5 of Article Three hereof, then, upon the
written request of the holders of a majority in amount of
the consols then outstanding, the Trustee, by notice in
writing delivered to the Railway Company, shall declare the
principal o f all bonds hereby secured to be due and payable
immediately. But if subsequently all arrears of interest,
with interest at the rate of 4 per cent per annum on overdue
instalments of interest, shall either be paid by the Railway
Company or be collected out of the mortgaged premises
before any sale of the mortgaged premises, then the holders
of a majority in amount of the consols then outstanding, by
written notice, may waive such default and its consequences.
UPON D E F A U L T T H E TRU STEE M A Y SELL T H E PR O P E R TY
A T AU CTIO N UR IN STITU TE FORECLOSURE OR
O T H E R SUITS.
S e c . 4. In case of default made and continued as specified
in Section 2 of this article, the Trustee fa.) may sell to the
highest and best bidder, all and singular the mortgaged
property and premises, bonds and stocks, rights, franchises
and interests, lands and appurtenances, in one lot, unless a
sale in parcels shall be required under the provisions of
Section 6 of this Article, which sale shall be made at public
auction at such place in the City of Norfolk, Va., or at such
other place, and at such time and upon such terms, as the
Trustee may fix in the notice of sale to be given as herein
provided; or fb ) the Trustee may proceed to protect the
rights of bondholders under this indenture, by suits in equity
or at law, whether for the foreclosure of this indenture, or
for the enforcement of any other appropriate legal or equit
able remedy, as the Trustee, being advised by counsel learned
in the law, shall deem most effectual.
1HE
S80
C H R O N IC L E
THUSTRB MIMST A< T WltRN R EQU I:STIC D BY 25 PER OK ST O f
THU 0|>$BOU*.
I per cent tn
tefiUest
the h s k t e n o f
' U >ti Hie writ
ured, it shall 1 tin? duty o f
amount o f iifo® hImnds hi*reh1
trnlf itiled as hereinafte provided, to
the Trustee „ 'W'fjN
s for tl»i ptett stion of the bondholders
take all a « c <dfu!
e u lrv n' sale heroin c o o fe r r e d .
tin
and ?■> exerroprate judicial prot ‘din gs as ti
or both, m in ti
asH, shall deem most ■XJO tent,
Trustee. ad viiMK
HOLDER* <3if tn PKR t'KN'T OP THE OUTSTANDING BONDS
SHALL h a t : r m : RIGHT TO DIRECT FORECLOSURE
\ \D OTHER PROCBEOINGS.
holder* f t o pur cen t iti a m o u n t o f the
SBC. Ct, 1 Ip 1
shall have th e rig h t to d ire ct and
Hstandi
co n so ls ttiei3 out
f c o n d u c tin g all proceedin gs
1 a n d pla
control tin m M
r fo r th e fo reclosu re o f this
for any # ti- ■ ©f i i prerafct
iudi-utur*-. or fttr the appointment of a receiver >r o f an y
other pnx-r d in g s h ereun der,
pDTj
JOSS RKGAROtNG ANY SALE.
B W f . 0 T<t IS.
: p rop erty shall b e sold as an e n tire ty ,
leases, stock s a n d b on d s, e t c ., unless the
including r,m t m
:y in a m o u n t o f the con sols th en ou tholders of ai urn. )
standing ahift.ll iin w ritin g request th e T ru stee to ca u se said
wild in p a rcels, in w h ich case th e stile shall
N
prem ises to 3 U
b** made in siid.ii p m - Is as m ay be specified in su ch request,
Notice of a n y sale sh a ll b e a d v ertised o n ce a w eek , fo r
successive'
•aye w
! eek s prior to th e sale, in N ew Y o rk , N . Y .,
fo u r succ-.**
N o rfo lk and R oa n ok e, V u .. C h arleston , W est Y a „ C olu m bu s,
O h io, a n d D urham a n d W in s to n -S a le m , N. C.
In case o f su ch sale, o r in case th e prem ises, or a n y part
th e re o f, shall
sold b y fo re clo s u re o f a n y m ortga ge s e cu r
in g a n y o f tire o u ts ta n d in g o ld bonds m e n tio n e d m S ection
3 o f A rticle One h e re o f, o r u n d er the P rior L ien M ortgage,
then iu a n c su ch ca se the p rin cip a l o f a ll th e con sols shall
fo r th w ith b e c o m e du e a n d payable.
;VOL Li' IV,
under except in the manner herein provided, and for the
equal benefit o f all such outstanding bonds and coupons.
REMEDIES CUMULATIVE.
19. E x c e p t us h erein e x p ressly p r ov id ed t o th e con
tra ry. n o rem ed y herein c o n fe rr e d is e x clu s iv e o f a n v o th e r
rem ed y , b u t e v e r y su ch rem ed y shall be iu a d d itio n to e v e r y
oth e r re m e d y e x is t in g a t la w o r in e q u ity o r b y s ta tu te ,
sec.
ARTICLE SIX.
NO RECOURSE AGAINST STOCKHOLDERS OR OFFICERS.
No recourse under any agreement of this indenture, or of
any bond or coupon hereby secured, shall be had against
any incorporator, stockholder, oliner or director of the
Railway Company.
ARTICLE SEVEN.
PROOF OF REQUESTS OF BONDHOLDERS.
This article provides methods o f proving the execution
of requests and other instruments by bondholders and of the
ownership of bonds by persons executing any such request
or instrument.
ARTICLE EIGHT.
THE REARER OF AN UNREGISTERED COUPON BOND OR OF
ANY COUPON -MAY BE TREATED AS THE
OWNER THEREOF.
The Railway Company and the Trustee may treat the
bearer of any coupon bond Which shall uot at the time be
registered, and the bearer o f any coupon whether the bonds
shall be registered or not, as the absolute owner of such
bond or coupon. Neither the Railway Company nor the
Trustee shall be affected by any notice to the contrary.
ARTICLE NINE.
RELEASE OF PROPERTY: FROM LIEN HEREOF,
Upon the written request of the Railway Company, ap
The proceeds of any such sate shall be applied as follow s: proved by resolution of its Board of Directors or Executive
F irst —To the payment of the expeases of such sale, including a Committee, the Trustee shall release from the lien of this
teas,>»«:>:■' compensation to the Trustee, and of all expenses incurred indenture any part o f the mortgaged premises; provided (1),
lu managing the proper tv, and all taxes or prior liens, except those to that no part of the lines of track shall be released unless the
winch such sale shall have been made suhjeot.
Stronrl -To the payment of the whole amount then owing upon the Railway Company shall have ceased to use the same, and no
consols for principal and Interest, with lutei-Bat at the riitc of A per part shall be released if thereby the continuity o f the
cent per annum on the overdue instalments of interest. In ease such lines of railway of the Rail wax- Company shall be
proceed* shall he iasuilieient to pay tn fall the whole amount so due,
then to the payment of such principal and Interest, without preference broken; and (2) that nothing appurtenant to the mainten
or priority » f principal over Interest, or of interest over principal, or of ance or operation of the railway shall be released unless the
»ay instalment of interest over any other instalment of interest, rata same shall no longer be expedient to be retained.
All
bly, to t;i asgragatc *<f « « ;h principal an l interest; subject, however,
to the provisions of Stctton 1 of this article.
* moneys received for any property subject to this indenture
taken by power of eminent domain shall be applied, with
At m v sale h ereu n der th e pu rch a sers in m a k in g p a y m e n t
shall h e'en tiU ed to turn in a n y b on d s a n d a n y m a tu red and the approval of the Trustee, to the purchase of other proper
ty, real or personal, which shall then be subject to this
unpaid c v .ip ms h ereby se cu red , e s tim a tin g th e valu e o f su ch
mortgage, or in betterments of, or improvements upon, any
Is and minp itm a t th e su m p a ya b le o u t o f th e n et pro
ceed s o f such sale to th e h olders th e r e o f as th eir ra ta b le part of the mortgaged premises.
share o f su ch n et proceeds.
ARTICLE TEN.
THE TRUSTEE MAY RECOVER JUDGM ENT ON BEH A LF
OF A L L TH E BONDHOLDERS,
s e c . I S.
In ease o f d e fa u lt f o r six m on th s in the p a y m en t
■if p rin cip a l o r in te re st w h en du e, the R a ilw a y C om pany
co v e n a n ts on dem a n d to pay th e fu ll a m o u n t so o w in g , w ith
in terest th ereon at 1 par c e n t, a n d in case o f failu re so to
d o th e Trustee shall be e n title d to r e co v e r ju d g m e n t.
COMPANY w a i v e s A L L RIGHTS UNDER EXTEN SION , VALU A
TION AND REDEMPTION LAWS,
Sec. 15. The R a ilw a y C om pan y w ill n ot take a d v a n ta g e
o f a n y sta y o r exten sio n , va lu a tion or red em p tion la w n o w
or h erea fter in for<-e, and w ill n ot h in d er th e e x e cu tio n o f
a n y |x>wcr herein g ra n te d t o the T rustee.
Rf > KIVKR m a y id a p p o i n t e d o n c o m m e n c e m e n t o f
JU D IC IA L PROCEEDINGS.
TRUSTEE MUST BE INDEMNIFIED,
Sec. 1, The Trustee shall not be under any obligation to
take any action hereunder likely to involve expense unless
the bondholders shall furnish it reasonable indemnity.
TRUSTEE MAY- BE REMOVED BY HOLDERS OF 75 PER CENT
IN AMOUNT OF THE BONDS,
Sec. 2. The Trustee may be removed at any time by an
instrument in writing signed by three quarters in amount
of the holders of the bonds then’ outstanding.
APPOINTMENT OF NEW TRUSTEE.
S ec. 3. A new Trustee may be appointed by the holders of
a majority in amount of the consols outstanding, by instru
ments in "writing. The Railway Company, however, may
appoint a Trustee to fill such vacancy until a new Trustee
shall be appointed by the bondholders or as hereinafter
authorized. Notice of such appointment by the Railway
Company shall be advertised for six successive weeks in
New York, London and Amsterdam, and any new trustee so
appointed shall immediately be superseded by a trustee
appointed in the manner above provided by the bondholders
prior to the expiration of six months after such publication
o f notice. Every such trustee shall always be a trust com pany in good standing, doing business in the City of New
York, and having a capital and surplus aggregating at least
§3,000,000. If necessary, however, to comply with the law
o f any State, an individual may be appointed to act as
co-trustee, with certain limited powers.
ARTICLE ELEVEN.
Sr. . ill. U pon co m m e n ce m e n t o f a n y ju d ic ia l p roceed in gs
t o e n fo rce any rig h t o f th e b on d h old ers u n der this in den tu re,
tip- Trustee “ ball be e n titled to e x ercise th e rig h t o f en try
red, and :
ecu re t he ap p oin tm en t o f a R e
ceiver o f tie- prem ises, w ith su ch p ow ers as th e C ou rt shall
c o n f e r : but n o tw ith s ta n d in g th e a p p o in tm e n t o f at c'-ivi-r, the T rustee shall be e n title d , as pledgee, t o retain
poxsevtiun o f th e stock*, bonds, e tc ,, pled ged hereunder.
PRIOR T .. DK F AI I.T COMPANY MAY SURRENDER POS
SESSION To THE TRUSTEE.
N rc. IT. The R a ilw a y C om p a n y w h e n e v e r it shall deem
expodi* tit fo r th e b e tte r secu rity o f th e con sols, alth ough
th ere bo then n o d e fa u lt, m a y , w ith the con sen t o f the
Truste-*-, stm .-ndi»r to the T ru stee possession o f the w hole
PEACEABLE POSSESSION-RELEASE OF MORTGAGE.
.
i !i. •— ■rtv h ereb y c o n v e y e d , for any period
fixed o r indefinite*. T he T ru stee shall thereupon m anage
S ec. 1. The Railway Company shall have the right to re
th< prop, -iv m a cco rd a n ce w ith th e provisions o f th is in tain possession o f the’ mortgaged property until default.
d en tu re, and shell apply th e in co m e th e re o f as p rovided in
Sec. 2. Upon payment of all the consols the mortgage shall
S e ctio n 2 o f th is a rticle . U pon a p p lica tion o f the Trustee, be released.
and Y*)th fu n s * nt o f th e R a ilw a y C om p a n y , a R e ce iv e r m ay
ARTICLE TWELVE.
Is. app.inte-d to take possession of said property, with all the
•>and duties by this MOtion conferred upon the Trustee.
RIGHT OF SUCCESSOR CORPORATION TO ISSUE BONDS
HEREUNDER.
KERUIAT <>!■ 2,*. PER CENT OK TH E BONDS NECESSARY TO
REQU IRE A '-rtO N HEREUNDER.
In case the Railway Company shall be consolidated
or merged with any other corporat ion or its property be sold
subject to this indenture, the successor corporation upon
executing an indenture satisfactory to the Trustee, assum
ing said bonds and the performance of all the covenants and
conditions of this indenture, shall be substituted for the
Railway Company, party of the first part hereto, and there
upon it may issue, either in its own name or iu the name of
the Norfolk & Western Railway Co., any or all of such bonds
which shall not theretofore have been delivered subject to all
the terms, conditions and restrictions herein prescribed.
S hd. is S o h o ld e r o f a n y b on d or c o u p o n shall have th e
rig h t to in stitu te a n y a ctio n in e q u ity or at law fo r the fo r e
closu re o f th i- in d e n tu re o r fo r tie- a p p oin tm en t o f a receiver
Or fo r a n y oth er re m e d y h ereu n der u nless th e h olders o f 25
p e r c e n t in a m ou n t o f th e b on d s h ereb y secu red and then
o u tsta n d in g shall have m a d e w ritten req u est o f th e Trustee,
and -b a il h ave afford ed it reasonable o p p ortu n ity to exercise
th e p ow ers h e rein b efore g ra n ted ; it b e in g in ten d ed th a t n o
holder* o f b on d s o r co u p o n s sh all e n fo r c e an y righ t h e re
THE CHRONICLE.
February 20 18a7.]
C o m
m
e r c ia l
C O M M E R C I A L
F ig u res in cotton cov er e x a c t w eek, last week's figures
having been adjusted.
C O T T O N .
'H * t m e s .
E P I T O M E
Friday Night, Feb. 19, 1897.
The European political situation was a disturbing feature at
the opening of the week, and in speculative circles had
considerable influence upon the course of prices. Subse
quently, however, it was dismissed as an unimportant fac
tor, as the outcome, it is believed, will not be serious.
The milder weather experienced during the week has
had a favorable influence in several lines of merchan
dise, and as the spring season approaches a gradual
broadening of trade is perceptible. The arbitration treaty
is still before the Senate and the prospects are consid
ered very remote of that body taking favorable action upon
it during the present session. The Greater New York Com
missioners have agreed upon a report to the Legislature to
accompany the draft of the charter for the new city. The
investigation of the State Senate Committee into the methods
of business pursued by the trusts has been resumed and is
meeting with much ridicule, both from the press and public.
At the decline in price following the rupture of the steel
rail pool a large business has been transacted both with the
home trade and for export.
The demand for lard on the spot has continued slow, and
although prices have advanced they are relatively on a lower
basis than in the Western markets, closing at 4'20c. for prime
Western, 3'80c. for prime City and 4'40c. for refined for the
Continent. The local market for lard futures has been neg
lected. At the West the trading has been fairly active. There
has been some buying for investment account and prices
have advanced. The close was firm.
D AILY CLOSING P R IC K S OF L A R D F U T U R E ',
M ay.................................... 0 .
Bat.
4-15
Mon,
4 -30
Tues.
4 20
Wed
4 20
lh u r
4-30
Fm.
4 35
Pork has had only a limited sale but values have held
steady, closing at $8 2o@$8 75 for mess, $3 50@$10 for short
clear and $9 50@$10 for family. Cut meats have been in good
demand and firm, closing at 4^@4%c. for pickled bellies, 12
@10 lbs. average, 5c. for pickled shoulders and 8J^@9c. for
pickled bams. Beef has been quiet but steady, closing at $7
@$8 for mess, $7 50@f9 for packet, $9@$11 for family and $13
@$14 for extra India mess. Beef hams have been firm at $18
@$18 50. Tallow has sold slowly and the close was easy at
3J^c. The demand for oleostearine has been quiet and
the close was flat at 4 l-16c. Lard stearioe has been dull and
unchanged at 4}£e. Cotton-seed oil has had a limited cal
and prices have advanced slightly, closing firm at 20@20t£c 1
for prime crude and 23i-£@24c. for prime yellow. Butter has
had a moderate sale, but at lower prices, closing at 18@30c.
for creamery. Cheese has been in fairly good demand and
steady at 9@12J^c. for State factory, full cream. Fresh eggs
have advanced and the close was firm at 18}^c. for choice
Western.
The demand for the Brazil growths of coffee has been quiet
and as there have been offerings prices have weakened
slightly, closing at 9%c. for Rio No. 7. Mild grades have had
only a limited sale, but values have held steady at 1044c. for
good Cucuta and 23}^@24%c. for standard Java. There has
continued a slow market for contracts, and as the offerings
have been fairly liberal, prices have tended downward.
The close was barely steady.
UThe following were the final asking prices:
Feb...................... 9-05o. |M a y ...................... 9-I5o.
March................. 9-10o.June........................ 9 '2 0 c.
April................... 9 ’15c. I J u ly..................... 9-20o.
381
I A u g........ 9 ’20c.
Sept......... 9-20c.
I D e o ........ 9-20C,
Friday Night, February 19, 1897,
The Movement of the Crop, as indicated by our telegrams-
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 84,934 bales,
against 119,423 bales last week and 101,564 bales the previous
week, making the total receipts since the 1st of Sept., 1896,
5,855,814 bales, against 4,364,552 bale3 for the same period of
1895-6, showing an increase since Sep.l. 1896, of 1,491,263 bales.
Sat.
Receipt« at—
Mori.
Tue8.
Wed.
Thurs.
G alveston.........
Tex. City, Ao.
New O rlea n s...
M obile................
3,638
.........
3,971
577
2 ,553
......
7,168
489
3,008
..... .
8,678
441
2 ,300
......
5,180
1,856
3,255
......
4,948
369
Savannah..........
Brnnsw’k, Ac.
Charleston........
1,248
..........
1,123
1,389
..........
1,787
1,155
......
253
878
......
394
1 ,504
......
1,586
W ilm ington. . . .
W ash’ton, &o.
Norfolk...............
Newport N .,A c.
New Y o rk ..........
Boston...............
38
142
...
1,235
......
400
705
89
.....
1 ,007
......
......
605
189
534
......
......
615
62
........t
774
..........
......
81
72
118
194
96
592
..........
......
741
Philadelph’ a.Ae
Fri.
Total.
2 ,404
3,723
3,813
481
30
1,778
740
310
17,158
3 ,723
33,7 5 8
4 ,2 1 3
30
7 ,9 5 2
740
5 ,453
529
11
586
327
1 ,049
11
4,728
327
400
3 ,093
1,747
346
1,747
72
552
Tot’ls this week 11,928 15,9 4 0 15,354 12,140 12,675 16,897
84,9 3 4
The following shows the week’s total receipts, the total since
Sept. 1, 1896, and the stock to-nignt, compared with 1tst year.
Receipts to
Feb. 19.
1896-97.
This
Week.
Since Sep.
1,1896.
1895-96.
This
Week.
Since Sep.
1, 1895.
Galveston... 17,158 1,220,645 16,134 804,901
89,449
Tex. O., Ao.
3,723
3,390
91,997
New Orleans 33,758 1,797,553 41,158 1,481,197
Mobile.........
4,213 251,159
4,244 175,562
68,091
Florida........
24,355
30
Savannah...
7,952 732,369 15,750 627,474
Br’ wlck, Ac
740 135,201
987 104,722
Charleston..
5,453 363,358
5,293 251,113
P. Royal, Ac
53,092
53,485
5.315
Wilmington.
1,049 228,459
1,966 153,176
4
Wash’n,Ao.
11
8i8
740
Norfolk.......
3,657 254,314
4,728 628,772
14,538
1,211 152,223
N'portN.,Ac.
327
New Y ork...
42,348
41,962
1,803
400
Boston.........
80,414
2,281
3,093 136,349
Baltimore...
437
52,996
38,397
1,747
Philadel.,Ao.
29,624
28,913
552
765
Totals.......
84,934 5,855,814 109,395 4,364,552
Stock.
1897.
1896.
117,843
3,738
366,404
32,930
95,294
10,975
335,477
33,933
68,129
3,553
36,522
66,967
1,894
35,886
12,581
14,386
17,534
100
273,431
22,000
18,519
7,078
36,962
5,125
198,843
24,000
14,319
8,933
980,362
882,994
... -
....
...
Comparisons for leading ports are given for six seasons:
Receipts at—
Galves’n Ao,
Now Orleans
M obile........
Savannah...
Chas'ton, Ao
Wilin'ton.Ao
Norfolk......
N. News, Ao.
411 others...
1897.
1896.
1895.
1894.
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
10,608
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
1893.
18,146
25,951
1,822
7,075
1,225
301
4,968
2,151
3,854
1892.
16,577
69,996
3,095
11,204
4,950
1,330
6,026
9,485
20,005
There has been afurther advance of l-16c. in the prices for
raw sugars, and it is reported that refiners have quietly
made large purchases the particulars of which have been
kept private, closing at 3J4c. for centrifugals 96 deg. test ot. this wk. 84,934 109,395 91,807 82,891 65,496 142,668
and
for muscovado 89-deg. test. Refined sugars have
been in increased demand and firmer: granulated closed at Since Sept. 1 5855,814 4364,552 6598,259 5163,870 4283,350 6072,984
4J|c. Teas have been quiet but steady.
The exports for the week ending this evening reach a total
Kentucky tobacco has been in demand, but owing to small
'.08,708 bales, of which 76,761 were to Great Britain, 7,821
stock only a limited volume of business has been transacted. af
to France and 24,133 to the rest of the Continent. Below are
Sales 220 hhds. Seed leaf tobacco was in demand at full the
exports for the week and since September 1, 1896.
values. Sales for the week were 2,775 cases, including: 350
Week Ending Feb. 19,1897.
From Sept 1, 1890, to Feb. 19,1897
cases 1895 crop, New England Havana, 12i£@20c.; 400 cases
Exported to—
Exported to—
Exports
1895 crop, Zimmers, 12@15c.; 350 cases 1895 crop, Wisconsin
Great
Conti Total
Great
Conti
from—
Havana, 5J^@9c.; 425 cases 1893 crop, Wisconsin Havana,
Total
Brit’n. France nent. Week. Britain. France nent.
7 to 9J£c.; 250 cases 1894 crop, Pennsylvania Havana, 11@
1,850 9,371 064,792 167,148 220,480 1,042.42(1
llj^c.; also 850 bales Havana at 75c. to $2 75 in bond and 350 Oalveston...... 7,621
Tex. City, Ac..
879
879
10,795
16,795
bales Sumatra at 70c. to $1 75 in bond.
New Orleans.. 38,013 6,070
168 43,871 002,723 326,633 416,824 1,405,480
There has been a quiet market for Straits tin and prices Mobile...........
121,330
19,405 140,741
have weakened in response to easier foreign advices, closing Florida.........
48,480
63,882
5,402
quiet at 13'35@13'50c. Ingot copper has received a moderate Savannah —
49,203 15,341 297.24? 301,851
amount of attention and prices have been unchanged and Brunswick___ 2,833
2,833
83,396
3,865
87,200
firm, closing at 12c. for lake. Lead has been without decided Charleston..
8,918 8.918
78,339
174,320 252,005
change, closing steady at 3'25@3'30c. for domestic. Speller Port Royal—
........
66,674
50,074
has weakened slightly and closed quiet at 4@4'05c. for do Wilmington...
95,431
104,803 200,234
Norfolk.........
139,797 6,200
32,909 177,900
mestic. Pig iron quiet but steady at $ll@12 50 for domestic.
9,280
401
9,280
401
Refined petroleum has advanced, closing at 6'30c. in bbls., N’port N , Ac..
New
York___
303,397
14,991
1,101
6,083
120,142
22,775
223,570
10,679
3 80c. in bulk and 7’00c. in cases ; Daphtha dull at 6J^o.
190,990
Boston...........
10,076
10,076
1,788
189,208
Crude certificates have been neglected. Credit balances have
44,965 117,274
2,097 1,060 3,488 7,236
05,607 0,802
been firmer at 91c. Spirits turpentine has sold slowly, and Baltimore.....
349
7,783
Philadelphia..
200
200
7,437
prices have declined to 28J^@39c. Rosins have been dull and 8.
40,563
41,174
Fran., Ac,...
2,150 2,150
021
unchanged at $1 70. Wool has been in fair demand and held
at firm prices. Choice hops have been in demand for export Total ....... 70,761 7,821 24,120 108,708 2,495,859 630,103 1,409,859 4,625,821
at Bteady prices.
Total, 1896-96. 66,273 13,443 37.311 100,027 1.483,680 392,201 1,278,900 3,154,741
TH E
3 8 2
CHKONLCLE.
our telogmims to-night algo
otto0 on shipboard, not
We add similar figures for
:J for o'nr special use by Messrs,
New York, wi
,nge Building.
Lambert ,t B 1rrow*. rmiflCf
KkKKO I
1
0JE Sit!LfSOiSU
Leaving
ilock.
1Qmwt> |
h k 19 * » - i
JfrMV*. Parci0n\ wise, ; Total, I
t Axivtri
give tu the t
.y'l |Y|v||
B23 ; 48,443 1 319,961
74,398
9,000 S 59,129
3,000 ] 38,522
12,000 1 20,930
9,334
8,2001
1\ ,000 282,431
49,569
10,000 1; Kotitt, i 8,000:i None, i 18,000
5«1.S53 ! 23,100 ] 04,120 : 6,925 151,089 829,274
119,725 i
\ T.051 ■11» 045 1 1,602 1
% S.000 ; 1.000 i
Dg-***»i* 1 Nox»«l 1 1tiM>0 i 2,000 ■
UiiQO!
{ 4,<KX> : None.
; 2,300 ; t ,500
4,^0© !
# tlfiO '■ i,aio 1 t,toO ■ None,
Vtvryfi 1
M»HU-
..
If«w tot% ....,
Outer
TotiU X89?
113,314 i! 6,034 188,828 i 9,703 1152,673 i 730,321
Total
1m>m% t 54,029 '■ 7.752 140.287 1 830,83!
Total
.♦
SMouluiun in oottou for future delivery has been muon
more ai’ Utf, and at times the fluctuations in prices were
somewhat violent. The net changes in values for the week,
however, arc unimportant. Saturday the market was weak.
Foreign advices were disoou raging, as a result of the unset
tle i political situation, and this prompted selling, under
which prices declined 8 to 15 points. The uneasiness felt
over the European political situation appeared to have largely
subsided on Monday. There was fair buying both for for
eign and local account, and this, together with a
small movement o f the crop, resulted in an advance of
l i to 11 {joints for the day. On Tu-sday the buying
continu'd, as foreign advices were favorable and the crop
movement wag light, prices closing at an advance ot 5 to 9
points for the day. Wednesday the market again turned
weaker as the foreign demand, which it appeared was largely
to cover contracts, had subsided, and there was a disposition
shown on the p m of longs to realize profits. The net change
in priet s for the day was a decline of 7 to 8 points. A firmer
tone dominated the market on Thursday, particularly for this
crap, and on moderate buying prices advanced 6 to 8 points.
The advance in prices for the next crop futures was only 2
points, as Hie belief that acreage for the new crop will be
large ha« prompted s -lliog by the South in Liverpool, and
that market in turn has been hedging here. To day the market
i.pem -1 ur changed to 1 point lower, but immediately rallied
and advanced 8 to 14 points, on a demand from shorts to
cover contracts, stimulated by reports from Southern mar
kets advising scarcity of actual cotton. Later in the day,
however, under estimates being received from New Orleans
of a larger overland movement of the crop for the week
than expected and war talk from Europe, prices weakened,
and the advance was more than lost, closing at a decline of
1 to 7 points for the day. Cotton on the spot has been quiet.
Saturday prices declined 5-100., but on Wednesday and
Thursday advanced 1-1 (Jo. To-day the market was un
changed and steady, middling uplands closing at 7^ 0.
The total sales for forward delivery for the week are
8*1,103 bales. For immediate delivery the total sales foot
up this week 11.788 bales, including 100 for export, 8,280
for consum ption,----- for speculation and 400 on contract.
The following arc the official quotations for each day of the
past week—February 18 to Fe -ru-ry 19,
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grade* would be as follows:
UPLANDS.
CHx»dOrdinary.......................
Low Middling.........................
Middling................................
Owl flftuuiis«£...................
MXddHn*
.... ...... ......
ODLF.
0004Ordlntry.. . . . . . . . . . . __ _
Low Middling...... ............
MM/lllnr................................
Oood MidAiiing........
Middling Fair.......... .
6TAI2fEI>.
Low Middling...................
Middling........
tstTir* 5fMdting.-.......... .
0<w? Mid:*ri«uM»1
[V ol. LXIV
T h e S a l e s a n d P r ic e s o p F u t u r e s a t N e w
s h o w n in t h e f o l l o w i n g c o m p r e h e n s iv e t a b le .
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8
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0’s
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7'»ui 7 6 8
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5'3,6 5 ’ ,, 578 579
5*
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6%
62V,,
6fss 627 „ &
7
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-Ilia. 71,fi 7^ 7% '
MARKET AND SALES,
The total
o f cotton on the spot and for future delivery
* rnoladas sales In September, for Senteraber, 15,100: Septembereach day during the week are indicated in the following October, for Ootober. 3S4.800; Sept.eiuber-N'ovember, for November.
372.000;
Soptember-December, for December, 2,290,000; September statement. For the convenience of the reader we also ado
• column which shows at a glance how tne market closed on January, for January, 7,114,100.
CtT We have lnohulej m the above table, and sball continue eaoh
name days.
weeltto give, the average price of futures eaoh day for each month. It
0044 4d
ca
Vu
sales!
i
CIjCHIKU.
Sai’fUr , Q’iiot Hi t x« dec.
M0 is« ay. fi’i.#®adjr. . . . . .
T q w j i y «Quiet at b#
-. ;^t#a#!y a d -1 a d .
Total,.. -
. . . . . . . . . ******
Fi
100
o r sr i t
and
cxsirnucrr.
j
Oon|$um p MiTn
87
»•*«{ sn»2
.. . 4
871
***‘ i
100 3,286
1
120,100
184,600
162,300
146,500
94,500
135,100
400 3.780
893,100
....
...J
T om ,
Sate, o f
F u tu ret.
187
818
443
902
071
765
300
100
---- 1
IZ*
will be found utlder each day following the abbreviation “ Av’ ge.” The
averayr for each month for the week 1s also given at bottom of table.
S 3 f For exchanges see page 334.
T he VKXBLESuppi.v op Cotton to-nighi-.as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Feb. 13), we add the item o f exports from
the United States, including in it the exports of Friday only:
THE CHRONICLE.
F'ebruary 20, 1827.J
1 8 97.
189 6
1895.
1894.
S tock at Liverpool........ b ales. 1 ,3 3 4 ,0 0 0 1 ,1 2 4 ,0 0 0 1 ,7 8 4 ,0 0 0 1 ,7 1 2 ,0 0 0
Stock at London.........................
9 ,0 0 0
6 ,000
6 ,0 0 0
6 ,0 0 0
Total Great Britain stock. 1 ,3 9 3 ,0 0 0 1,1 3 0 ,0 0 0 1 ,7 9 0 ,0 0 0 1,7 1 8 ,0 0 0
Stock at H am burg....................
2 0 ,0 0 0
26,0 0 0
2 7 ,0 0 0
25,0 0 0
Stock at Brem en........................
201 ,0 0 0
2 7 0 ,0 0 0
3 3 6 ,0 0 0 2 1 9 ,0 0 0
7 ,0 0 0
9 ,0 0 0
1 6 ,0 0 0
16,000
Stock at A m sterdam .... ...........
5 took at R otterdam ...............
300
200
200
200
Stock at Antw erp.... ............
9 ,0 0 0
17,000
12,000
20,0 0 0
Stock at H avre............................
2 3 0 ,0 0 0
3 0 9 ,00C
5 2 2 ,0 0 0 4 6 4 ,0 0 0
Steok at Marseilles..................
5 ,0 0 0
7 ,0 0 0
5 ,0 0 0
7 ,000
Stock at Barcelona....................
6 4 ,0 0 0
7 4 ,0 0 0
8 1 ,0 0 0
72,0 0 0
Stock at G enoa............................
4 6 ,0 0 0
6 0 ,0 0 0
2 8 ,0 0 0
13,000
1 3 ,0 0 0
1 7 ,0 0 0
1 5 ,0 0 0
17,0 0 0
Stock at Trieste..........................
Total Continental stocks.. 5 9 5 ,3 0 0 7 8 9 ,2 0 0 1 ,0 4 2 ,2 0 0
8 5 3 ,2 0 0
Total European s to c k s .... 1,9 8 3 ,3 0 0 1 ,9 1 9 ,2 0 0 2 ,8 3 2 ,2 0 0 2,5 7 1 ,2 0 0
Bndla cotton afloat for Europe
8 4 ,0 0 0 13 9 ,0 0 0
4 9 ,0 0 0
115 ,0 0 0
Amer.cotton afloat for Europe 3 6 6 ,0 0 0 3 7 5 ,0 0 0 4 9 3 ,0 0 0
3 7 2 ,0 0 0
Egypt,Brazil,<fec.,atlt.for E’ pe
3 9 ,0 0 0
3 0 ,0 0 0
3 0 ,0 0 0
3 5 ,0 0 0
Stock in United States ports . 9 3 0 ,3 6 2
8 8 2 ,9 9 4 9 7 1 ,1 1 8
944 ,2 7 3
Stock in U . 8. interior tow ns.. 401 ,9 0 5 4 3 8 ,4 8 7
420 ,2 6 9
3 63,821
United 8tates exports to-day.
23.2 3 6
3 0 ,7 8 4
2 7 ,9 6 5
3 3 ,7 0 8
Total visible sim ply........... 3 ,8 8 2 ,8 0 3 3 ,8 1 5 ,4 6 5 4 .8 2 3 ,5 5 2 4 ,4 3 5 ,0 0 2
O tth e above, totals or American and other descriptions are as follow s.
A m erican—
Liverpool stock...............bales. 1 ,2 1 7 ,0 0 0
9 3 1 ,0 0 0 1 ,6 3 0 ,0 0 0 1 ,4 4 7 ,0 0 0
Continental stocks..................... 5 3 5 ,0 0 0
7 0 0 ,0 0 0
9 5 2 ,0 0 0 7 4 5 ,0 0 0
American afloat for E u rope..
3 6 6 ,0 0 0 3 7 5 ,0 0 0
1 93,000 3 7 2 ,0 0 0
United States stock................... 9 8 0 ,3 6 2
8 8 2 ,9 9 4
971 ,1 1 8 9 4 4 ,2 7 3
United States interior stocks.
40 1 ,9 0 5 4 3 9 ,4 8 7
4 2 0 ,2 6 9 363,821
U nited States exports to-day.
23,2 3 6
3 0 ,7 8 4
2 7 ,9 6 5
33,703
Total Am erican.................... 3 ,5 2 3 ,5 0 3 3 ,3 5 8 ,2 6 5 4 ,4 9 4 ,3 5 2 3 ,9 0 5 ,8 0 2
East Ind ian, Brazil, <£c.—
Liverpool stock..........................
167,000
19 3 ,0 0 0
1 5 4 ,0 0 0 2 6 5 ,0 0 0
9 ,0 0 0
6 ,000
6 ,0 0 0
6,000
London stock...............................
Continental stocks....................
6 0 ,3 0 0
8 9 ,2 0 0
9 0 ,2 0 0 103,200
India afloat for Europe...........
8 4,000 1 3 9 ,0 0 0
4 9 ,0 0 0
115,000
E gy p t, Brazil, &c., afloat........
3 9 ,0 0 0
3 0 ,0 0 0
3 0 ,0 0 0
3 5 .0 0 0
Total East India, <feo.........
3 5 9 .3 0 0
4 5 7 ,2 0 0
3 2 9 ,2 0 0 5 2 9 ,2 0 0
Total Am erican.................. 3,5 2 3 ,5 0 3 3,3 5 8 ,2 6 5 4 ,4 9 4 ,3 5 2 3 ,9 0 5 ,3 0 2
Total visible su p p ly ......... 3 ,8 8 2 ,8 0 3 3 ,3 1 5 ,4 6 > 4 ,8 2 3 .5 5 2 4 ,4 3 5 .0 0 2
Middling Upland, Liverpool..
3 7«d.
3 L id .
4Lad.
42, „d.
Middling Upland, New York.
7 7so.
7% o.
7*80.
5500.
E gy p t Good Brown, Liverpool
55, ed.
6 lid.
4% d.
5H&.
^eruv. Rough Good, Liverpool
6 7i«d.
54d.
5is,gd.
Broach Fine, Liverpool...........
63 $ :
4 lid.
3J«d.
4L>4.
Tinnevelly Good, L iverpool..
32332d.
4»3*d.
3S16d.
45, ad.
The imports into Continental ports the past week have
been 94,000 bales.
The above figures indicate an in crea se in the cotton in sight
to-night of 67,331 bales as compared with the same date
of 1896, a falling off of 940,749 bales from the corresponding
date of 1895 and a decrease of 557.199 bales from 1894.
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
fOT the week and since September l, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1895-96—is set out in detail below.
Q u o t a t io n s
383
M id d l in g C o t t o n
for
‘
f
s
£
£
§
q
-“ 2
H
q
i
:
7
s
o l
c a
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r i
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:
:
!
:
:
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'
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i
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s i s
o
*
s
q
a,
►
?
p
- c
f *
;
• :
:
:
:
j
►
'
CLOSIN'} QUOTATIONS FO B MIDDLING COTTON ON—
Satur.
Mon.
Tues.
Wednes.
2’hurt.
Fri.
G alveston. .
New Orleans
M ob ile..........
Savannah...
Charleston..
Wilmington.
N orfolk........
6 7s
f>U16
65g
658
6*2
6%
6i3ie
7516
7H
6 7s
63i
63l
613l8
6%
6 u 18
6 U 16
634
6 7s
7
71f6
75,8
7
6h
6i3lg
6%
6 78
6 7s
61316
6 7e
6%
611,8
6%
634
6 78
Baltim ore. .
Philadelphia
A.uj?U8ta.......
Memphis___
St. L o u is ....
H ouston. . . .
Cincinnati..
L ou isville...
6%
6%
6=8
650
65.0
6\
6 78
7
71fS
7 il
6^8
6%
6 l3i6
6%
6%
6 7s
6 7a
6 7s
634
611,8
634
634
6 7a
7lig
71,8
738
7
613,8
6 78
63t
6 78
6 7s
6 7e
615,8
63,
6\
634
6%
6 78
7^
71,8
7%
7
613,8
6 7a
613,8
7
6 78
613m
6%
6 7s
:
? :
P
►**
M
■Jl Ctf v* CO Cd tO 3*
— ic b y
£$>
~
A
2
OD
y
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Charlotte..........
Columbus, Ga.
ZJolumhns. Miss
6U ,8
7
6ia
638
0
Week
Ending—
Jan. 15......
22......
“ 29.......
Feb. 5......
12.......
“ 19
from
the
P l a n t a t io n s .—
Receipts at the Ports. St 'k at Interior Towns. Recypts from Plant*ns.
1897. j 1896. | 1895.
VI
'1
to
p
M
A.
y
b
x « i i o co cc u © * * j y ©
A*
W
—
* x **“ * 2 Z £ *° £ ®
® »
© C c V j t3
0 0 C D ® ' 1 » * - * V qO C A M
© w < £ * © — Q C — K i — C C © ? '. C l '-O
O’
^ tC O* C » ->3 C i *-0 L f T » 0 m — 00
c o -4 o
t o y » co rX o v a - c c ^ to c i x c . 03 to o* o » o : m S oo r . ^ S ^ C3
c
03
K3 fO _M
5
y
y
© A*
X
13
MOO
ZX KO
—
P
©
X
®
to
m m
— a. _
P P P
t o p p j o o 0 3 0 3 O fO >
Q to
w ~r~m
® o ; * o V j ‘o ’x " t o *-• V - b b
J . O - ’- ' A l C O C ' X t O O C ' . C M r - ' O
:A W O O -Q p -'-A « l » t 3 O O X 'M S
m
P
©
A
a
P
b
J
0
0
3, 173,070 1
—
<] —
M A*
M 00
to y p
^ c 130 ^ ^ —b * x b
p p
X
* x *x b * y y
COM
CO
to
^ - m 5 o m to*—
y
y to m
cr- 03
to oo
m x m
c o t o c i X y i a c i * o * * 0 3 0 3 o ; t v v f f 3 5 t a r o o : i f c t o « N i < A X i t » t o < A t o r f a 'r o * i e A
K .0 3 < H ^ O O Q O -o o Q B O H O iO O t t ? O O M H M O U O e -O O O A M
CO
03
w X W W
^
pppppp C3 < , 03 —y
j *
o
x
V * y ’^ c c b - d * ' ) b
O A A a - A O f f l t 3 0 X C O » ' J , a K C O O ' - X O O O D ® 3 ‘' O C I > a O A
-i
© ®
P
b
& £
2
10 £ 2 w 2 ® I
0
3 S2 8
^
S
' ^
—
x
,
»U
■»y©«Ni^}acc‘.t0MtO'Kj®c3
tU
tv
*0
A- —
J®
: 7*
: P P
2 f t £?
• * 2 ! b te
© a & p C L ’X — . cr.’ 1*- , C O
Q 'J L A C O
^Jto
(X C
1896.
to*-*
-i
to
—
*-JMM
M
CO M tv
M
P P P P P P ^ S 0
/ ‘ 'JiOOWOA- <j|t-K,M
A - ~PP
S ft *■b*'>bLb*, © V i b VjV •im’-'V wuV q
uo
-vl <pmqm(xo ©©©©tcw^y —© © o s M ^ i O M ^ c c i A c i S a o ^ y
00
* This year’s figures estimated,
t East year's figures are for Newberry, 8. O.
1897.
1896.
1895.
131.755
100.958
106,571
74,778
104,117
67.745
107,035
93,475
95,092
86,854
85,582
89,603
171 179
190,482
182,150
131,750
108,825
69.787
for th e
W
eek and
S i n c e S e p t . 1 .—
Week.
Since
Sept. 1
1895-96.
Week.
Since
Sept. 1.
? hipped—
Sk
i
l
Via Cairo...........................................
|
5
o*
jt
=
S7
i
©
*»3
8- S
5*
S -g
S
s
JrS
e$
'
4 18,977
2 22,979
12,484
2,178
1 1 1 .2 3 105,396
97,456
11,392
5,469
90
1 ,915
3,048
1,067
4 13,255
191,097
13,368
60
1 03,969
65,5 9 2
71,4 5 1
Via Louisville..................................
3,787
7 ,182
2,895
Total groea overland.................
Oeducl shipments—
Overland to N. Y ., Boston, <feo..
Between interior towns...............
35,078
9 70,708
23,001
8 5 8 ,7 9 2
5,792
19
517
26 1 ,3 1 7
3,182
25,208
5,286
69
1,250
18 9 ,6 8 6
2 ,556
33,428
Total to he deducted.................
6,328
2 89,707
6,605
2 2 5 ,6 7 0
Leavtn g total net overlan d*.. 2S .750 6 81,001
* Including m ovem ent by rail to Canada.
16,396
6 3 3 ,1 2 2
The foregoing shows that the week’s net overland movement
this year has been 58,750 bales, against 16,396 bales for the
week in 1896, and that for the season to date the aggregate net
■S' S overland exhibits an increase over a year ago of 45,879 bales.
to 1
h SM2 * o
to&
C*
o*
S
i.
i t 1?
6*®
r
12,968
7,122
1,124
o
n
m
ko < i
m x o cV o o o a . y b io a a a
• i x o A -j '-t o < j> * o © e o — t c x
a* m
x y ia x
x ■‘ 3
© t o m co
01
1895.
530,024
507,480
489,801
466,453
442,289
420.269
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1898, are 6.137,125 bales: in
1895-96 were 4,770,339 bales; in 1894-95 were 6,961,193 bales.
2 . —That although the receipts at the outports the past week
were 84,394. bales, theactual movement from plantations was
only 57,745 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
(or the week were 89,603 bales and for 1895 they were
69,787 bales.
S
O
i s
M
O
Vi
Ci
tO
S*
1897.
151841 119.837:209.806 532,119 552.608
130.160 112,395 213,026! 502,917 53>,68S
138,302 122.902 199,835 j471,186 505,878
101.564'113,689! 155.098 114.400 479,143
119,4231106.4461132.989|429,094 458.279
81.394 109.396 91.8071(01.905 438.487
1 8 96-97.
—
A- MA - K3 —
m
63a
The following table
indicates theactual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption: they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
R e c e ip t s
February 19.
M
~-l y CO M
03
c : n cc io
61116
6 78
*
© OO’V1tC——fCCO 10lO—y ~-lC.« y 05CO y y i A y M y c O - J A s ^ t O M
© p o p t c * - jupc; w p o o ^ p w - j s i ^ t o r . v ' i x c c x x i o t j ' i s - j o o i
b
CD A"'CCl30 ' t 3 C -. - , 1 3 C l l C X C C 1 3 X ’’ CJIO'W
QO—C."-*tolaIwbb — MS
3
0 6 0 a n r o > 0 0 3 00 0 3 % 3 C 3 « D O » 0 0 © 0 - ^ S ^ S S . O D § ^ 2 c c o ; g M O
to
Q O i A O O t C O i - , C ; * K j C ; > | e - Q C ' t - 0 3 « 0 ^ 4 » - 4 a > ^ l - * T O t O t O O ' C i * 4 C : C C — -v
| ©
to
M
M
©
to
.
6 78
7
R aleigh ______ .
63, Selma................
63t Shreveport___ .
Little Rook___
M ontgom ery...
N a sh v ille ..........
t
:
03
©
7116
75,8
7
613,6
6 7g
6%
6 78
6 7s
We give below a statement showing the overland movement
lot ins week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
tue principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Feb. 19
and since Sept. 1 in the last two years are as follows.
H
O
►
C
5
M
P
f
O t h e r M a r k e t s .—
Feb. 19.
Overland Movem ent
1
at
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
*
j
»
M
M
X
©
©
In Sight and Spinners’
Takings.
Reoelpts at ports to Feb. 1 9 .........
Wet overland to Feb. 19..................
Southern consumption to Feb. 19
1896-97.
Week.
Since
Sept. 1.
1895-96.
Week.
Since
Sept. 1.
84,934 5,855,814 109,395 4,3 6 4 ,5 5 2
681,001 16,396
28,750
633 ,1 2 2
21,000
50 8 ,0 0 0 19,000 4 9 8 ,0 0 0
Total m arketed........................... 134,684 7,0 4 4 .8 1 5 144,791 5 ,495,674
281,311 *1 9 ,7 9 2
405 ,7 8 7
interior stocks in exoess................ * 27,189
Came Into eight during week. 107,495
124,999
5,901,461
Total In Bight Feb. 1 9 .............
7 ,3 2 6 ,1 2 6
Sorth’n spinners tak’gs to Fob.19
44,332 1,226,739
29,9 9 6 1 ,2 28,264
* Decrease during week.
Theabove totals show that the interior stocks have decreased
during the week 27,189 bales and are now 33,582 bales less
It will be seen by the above that there has come into sight
than at same period last year. The receipts at all the towns during the week 107,495 bales, against 124,999 bales for the
have been 12,733 bales more than same wpek last year and since same week of 1896, and that the increase in amount in sight
Sept. 1they are 826,022 bal°s m ore t han for same time in 1895-6, to-night as compared with last year is 1,424,665 bales,
384
THE
C H R O N IC L E .
W rathr.Js R* poets bv T ei.eoraril —Our telegraphic ad, io « from the Sottlfc this ovtning denote that the weather
1,„„ U >u faivrahlo as a rule the jpest week. In ttie greater
; sit of the {Southwest there ba* been little or no rain and
farm work h»s bet u actively pushed. The temperature has
Ks>a quite satisfactory.
Oaitvi'ftni, Texa*. —The weather has, on the whole, been
favorable for farming pursuits during the week. Plowing lias
been rushed and planters are well up with their work gener
ally. It has rained on true day of the week, the rainfall be
ing sixty-«ev«»n hundredth* of an inch. The thermometer
has avt raged 58, the highest being 80 and the lowest 48.
ai.Vdtne, T -.r u .-W e have had light rain on one day of
tin- past w.ek, the precipitation reaching four hundredths of
lurch. The thernumn ter has averaged 54, ranging from 88 to
I f m t T e x a s . —There has been rain on one day of the
p ,,-. w, ,dc, to the extent of three hundredths of an inch. The
tb> rinoiucter has ranged from 83 to 78, averaging 56,
l> ilUts, T< i i ;.—The weather has been favorable for farm
ing operations, and planters are busy plowing. Work is well
advanced. It has rained very lightly on one day of the week,
the rainfall being inappreciable. Average therm ometer 54,
highest 79 and lowest 80.
San Antonio, Tt'.ms,—Farmers are busy plowing. W ork
is well up. There has been only a trace of rain. The ther
mometer has averaged 03, the highest being 83 and the
lowest 40.
Luting, Texas.—There has been but a trace of rain during
the week. The thermometer has averaged 03, ranging from
40 to 88
Columbia, Texas.—It has rained to an inappreciable extent
during the week. The thermometer has ranged from 88 to
74, averaging 50.
Cairo. Texas.—’The weather has been very satisfactory for
farm work. We have had light rain on one day during the
past week, the rainfall being two hundredths of an inch.
Average thermometer O'), highest 78 and lowest 41.
Brenlutm. Texas.—Farmers are pushing their work. There
has been rain on one dav of the week, to the extent of twentythree hundredths of an inch. The thermometer has averaged
58, the highest being 75 and the lowest 40.
Fort Worth, Texas.—We have had only a trace of rain dur
ing the past week. The thermometer ha3 ranged from 30 to
78, averaging 54.
Weatherford, Texas,— We have had dry weather all the
week. Average thermometer 54, highest 70, lowest 30.
brio Orleans. Louisiana.—We have had rain on three days
during the week to the extent of ninety-four hundreths of an
inch. The thermometer has averaged (S3
Shreveport, Louisiana.—There has been no rain the past
week. The thermometer has averaged 61, ranging from 39
to "i.
Columbus, Mississippi.—W e have had no rain during the
week. The thermometer has ranged from 35 to 68, averag
ing 58.
Leiand, Mississippi.—There has been no rain during the
week. The thermometer has averaged 54’5, the highest being
79 and the lowest 33.
Cieksburg, Mississippi.—W e have had but a trace o f rain
the past week, Tne thermometer has averaged 60, ranging
from 40 to 78.
Little Bock, Arkansas.—There has been no rain during the
part wet k, The thermometer has averaged 54, ranging from
35 to 78.
tb b n a , Arkansas .—The weather has been dTy and armor
all the week and trees are putting out shoots. The thermom
eter ha- ranged from 33 to 71, averaging 58*4.
Memphis. Tennessee.—The weather has been dry and pleas
ant all ih« we, k, and plowing has begun. Average thermom
eter 33*2. highest 75 and lowest 39.
Nmhvittt, Tennessee.- There has been rain on one day dur
ing the week, the rainfall being fifteen hundredths of an inch.
The thermometer has averaged 53, the highest being 73 and
the lowest 88.
Mobile, Alabama.—It has rained on three days of the
week, the precipitation reaching one inch and eighty-one hun
dredths. The thermometer has averaged 60, ranging from
43 to 71.
Montgomery, Atabama.— Rain fell on two days in the early
part of the week, but since then the weather has been warm
and dry. The rainfall reached thirty seven hundredths of an
Inch. The thermometer has ranged from 50 to 65, averaging
59,
Madison, Florida,—Telegram not received.
Savannah, Georgia.—There baa been rain on six days of
tin week, the precipitation reaching two inches and twentyfour hundredths- The thermometer has averaged 01, ranging
f rom 44 to 70.
°
A hffus fa, Georgia,—Itain has fallen on three days of the
we.'k, to the extent of ninety-one hundredths of an inch.
Average thermometer 57, highest 73, lowest 33.
Chart/ ston, South Carolina,—There has been rain on four
;iiy<i during »'*••• week, the precipitation reaching one inch
iuid twenty-one hundredths. The thermometer lias averaged
59, ranging from 49 to 34.
statrjmrg. *W h Carolina.—Too much wet weather has re
tarded p lo «log. We have had rain on three days of tin
to thu pjtf-nt of seventy-three hundredths of an inch,
The them, ••meter has ranged from 43 to 75, averaging 08 9
[Vol. USIV,
Wilson, North Carolina.—W e have had rain on two days
of the week, the precipitation reaching fifty two hundredths
of an inch. The thermometer h is averaged 53, ranging
from 84 to 70,
The folio wing statement we have also received by telegraph,
ahowing the height of the rivers at the points named at
9 o'clock February 18, 1897, and February 30, 1896.
Feb. 18, ’97.IJV6, 20, ’ 90.
Feet.
F eel.
Now Orleans.......
Memphis.............
Nashville.............
Shreveport..........
VlOltSbUTR............
8-5
24*8
14-8
2-7
27-1
10-8
23-9
19-0
16-6
30-9
Exchanges.—The following exchanges have been made
during the week:
•25 pd.toexoh. 4,300 Mch.for Aug.
•19 pd. to exoli. 501 Moil for .T'nu.
*21 pd. toexcli. 3,600 Moh. for Ang.
•13 pd.toexcli.13,500 Mch.for May.
•18 pit. to exeh. 100 Apr. for Aus.
•21 pd. to exoli. 500 Nov, for Mar.
•OS pd. to exoli. 1,600 Oet. for Melt.
•26 pd. to exoli. 1,000 Moll for Aug,
•01 pd. to exoli. 100 Feb. for MoU.
•23 pd. to exoli. 500 Sept, for Auc,
12 pd. toexcli. 9,500 Mch.for May.
•12 pd. to exoli. 500 M iv for Ang,
•1Xpd. to exek. 3,000 Moll for May.
•23 pd. to exeh. 200 Moll, for Aug.
■10 pd. to exeh, 100 May for July.
•3t pd. to e x o li, 200 Oot. for Aug.
•IS pd. to oxoli, 200 M«h. for ,1’ ne.
■05 pd. to exoli. 1.300 May f or J’ne.
•22 pd. to exoli. 2 ,0 0 0 Holt.for J nly.
■11 pd.toexoh. 2.400 Mch.for May.
•21 pd. to exeh. 300 Meh. for July.
•22 pd. to exoh. 200 Meh. for Aug,
•20 pd, to exoh. l.ooo Metutor July
■10 pd, to exoh. 500 Moll, for May.
•09 pd. to exeh. 500 Mob. for May,
•11 pd. to exoh. 300 May for Aug.
•10 pd. to exoh. 400 May for Aug.
•18 pd. to exoh. 400 Moll, for July
•1.6 pd. to oxoli. 400 Apr. for Aus.
■21 pd, to exoh. 500 Meh. fo r Aug
I ndia Cotton Movement From al l P okts.—The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Feb. 18.
BOMBAY B S C B ir r S AND SHIPMENTS YOB FOUR TEAKS.
S h ip m en ts s in c e Sent. 1.
S h ip m en ts th is w eek.
T ear
Great C o n ti
G reat
B r il’n. n en t. Total. B r ita in
7 .0 0 0
•96-7
•95-6
5,000 5*000 24.000
16,000 16,000
2.000
’ 94-5
’ 93-4 7 ,000 14,000 21,000 20.000
C o n ti
n e n t.
T otal,
181,000
257.000
81,000
221.000
C on ti
n en t.
Oalontta—
1896-97...
1895- 96...
Madras—
189697...
1895- 90...
All others—
1896-97...
1895-96...
Total all—
1896-97...
1895-96...
188,000
281,000
83,000
241,000
S in ce
S e p t 1.
628,000
967.000
406.000
677.000
S h ip m en ts H n ce S ept. 1.
S hip m en ts f o r the w eek .
Great
B rita in .
R eceipts.
This
W eek.
G reat
B rita in .
Total.
57.000
69.000
34.000
58.000
C ontin en t.
Total.
4.000
3.000
19.000
13.000
23.000
16.000
9.000
18,000
17.000
12.000
26,000
30.000
1,000
1,000
13.000
19.000
41.000
30.000
54.000
49.000
1,000
1,000
26,000
40,000
77.000
55.000
103,000
95,000-
EXPORTS TO EUROPE PROM ALP IND IA.
S hip m en ts
to a ll E u ro p e
fr o m —
1895-96.
1896-97.
This
week.
S ince
Sept. 1.
Bombay.........
AH other ports
r.obb
188.000
103,000
T o ta l-
1,000
291,000
A l e x a n d r ia R e c e ip t s
and
1894-95.
S ince
Sept. 1,
This
w eek.
5,000
281.000
95,000
10,000
2,000
83.000
75.000
5,000
376,000
18,000
158,000
This
w eek.
S ince
Sept. 1.
S h ip m e n t s .— Through arrange
ments we have made with Messrs, Davies, Benachi & Go., o f
Liverpool and Alexandria, we now receive a weekly cable o f
the movements of ootton at Alexandria, Egypt. The follow ing
are the receipts and shipments for the past week and for the
corresponding week o f the previous tw o years._____________ _
A le x a n d r ia , E g y p t,
F e b r u a r y 17.
Receipts (oantars*)....
This week.................
Since Sept. 1 .............
1896-97.
1895-96.
1894-95.
115,000
1,856,000
106,000
4,631,000
130,000
4,070,000
Since
This
w eek. Sept. 1.
This
S ince
w eek . Sept. 1.
This
S ince
w eek . Sept, 1.
Exports (bales)—
To Liverpool ___ _ 2,000 210,000
To OOBtinenti......... 13,000 211,000
6,000 262,000
7,000 211,000
7.000 210,000
5.000 223,000
15,000 151,000 13,000 473,000 12,000 433,000
Total Europe
* A oantar Is 98 pounds.
I Of Whloh to Vraori^a. to 1896-97, 23,398 bales; In 1895-96, 41,678
halos; 111 1194-95 28.021 halos.
Manchester Market .—Our report received by cable
to-night from Manchester states that the market continues
Bteadv fo r both yarns and shirtings.
Manufacturers are
working at a lois.
We give the prices fir to-day below
and leave those for previous weeks of this and last year for
comparison:
_____________
1896.
1897.
8 q lbs. Shirt O oW n
32s Oop, in g s, com m on
Twist.
to fin e s t.
s, d
s.
d.
d,
d.
(Pa ®7'% 4 1>3®0 Tq
6% *7>4 4 1 ®fl 7
6q
«q
6%
Big
M id.
U plds
d.
4lsa
4 bii
*7 % 4 1 ®6 7
8»»34
351,.,
® 7 q 4 1 ®0 7
321,2
4 oqae o
®7
4 0 ®6 58) 3*8
®7
8 q lbs. S hirt Oolt'n
32s Oop. in g s, com m on M id.
Twist.
s.
6=8 ® 7% 4
6=8 ® 7 ‘>8 4
6% ®77m 4
6 q ®77ic 4
6 "its ®7Sj9 4
6% ® 7 k 4
rl.
d.
to fin e st.
d.
a. d.
4 q ® 6 7H
4 q ® 6 7%
5 ®6 8
4q®6 7q
4 ®C 7
sq® 6 7
Tfplds
a.
4*3
4,8S2
450
49is
4k
THE CHRONICLE-
F e b r u a r y 20, 1897,]
Sea Island Cotton Movement.—We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Feb. 19) and since
Sept, 1, 1896, the stocks to-night, and the same items for the
corresponding periods of 1895-96, are as follows.
189 5-96.
1896-97.
Receipts to Feb. 19.
Stock
This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1897.
18E6
Savannah ..........................
Charleston, <feo.................
Florida. & o........................
683
35
138
79,288
10,156
6,400
761
8
....
71,033 19,570 14,143
10,059 3,993 2,486
4,783 3,940 1,747
T ota l............................
856
95,844
769
85,875 27,503 13,376
385
The p’aaue shows nosigns of diminution yet, but It is hoped that the
approaching warmer weather will effect a spet dy and beneficial
change in the rate of mortality. More mills have o'.osed, owing to thelack of hands, a'id it is very probable that ere long there will he a
complete stop in the Bomb ly spinning industry. The effect of this
further reduction in the offtake from our Cotton Green has been fa
vorable to exporters, who are enabled to make considerable pur
chases withiut driving prioes up. dealers beiDg satisfied to let their
holdings go at a fair market value; for the state of oomplete uncer
tainty now felt with regard to the future of all business hero makes it
most advisable to close off every transaction with the utmost possible
dispatch. For the same reason all quotations for iorward delivery are
kept at a prohioiiive level, since no one cares to incur the responsi
bility of having to deliver cotton months ahead under present circum
stances.
S h i p p i n g N e w s . —The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
118,629 bales.
Total bales.
The exports for the week ending this evening reach a N e w Y o r k —T o Liverpool, per steamers Aurania, 1,712 upland
total of 3,138 bales, o f which 1,917 bales were to Great Britain,
and 188 Sea Island ...G eorg io, 10,798.................................. 12,698
To H all, per steamer Colorado, 600.......... .................................
600
231 to France and — to Reval, and the amount forwarded to
To
Glasgow, per steamer Italia, 310 Sea I s la n d ....... .............
310
Northern mills has been 1,521 bales. Below are the exports
To Manchester, per steamers Chaucer, 700 upland and 400
for the week and since September 1 in 1896-97 and 1895-96.
Sea Island
Lassell, 233 Sea Island...................................... 1,383
Exports
from —
Week Ending Feb. 19. Since Sept. 1 ,1 8 9 6 .
North’n M ill.
Great France
Great France
Total.
Total. BriVn. <Ac.
BriVn.
(Ac.
Sinc>
Week. Sept. 1
15,023
2,933
2,776 17,804
2,933
5,183 13,611
6,567
677
102
1,166 22,045
216 1,276
138 6,400
S'vann’h, <feo
Charl’t’n,&c
Florida, <fec.
New Y ork ..
i ‘, i8i
.........
8',428
6,567
575
T #tal........
1,917
221
2,138 33,531
8,061 41,592
1,520 29,721
Total 1895-6
1.723
75
1,798 30,324
5,648 35,972
1.743 31,912
Phila., & o...
i*.402
736
*’ 221
736
Quotations Feb. 19 at Savannah, for Floridas, common,
9c.; medium fine, llj^ c .; choice, H'.jC.
Charleston. Carolinas. medium fin e .li1£@130.; fine, 19@20c.;
fully fine, 21@23c : extra fine. 28 to 35c.
J l t e B u t t s , . B a g g i n g , & c —The market for jute bagging
has been inaci've during the week under review at last week’s
quotaliors, viz.: at 4%'e. for 1% lb?., 5c. for 2 lbs. and 5t£o.
fo r standard grades in a jobbing way. Car-load lotsof stand
ard brands are quoted at !?gc. for \% lbs., 5c. for 2 lbs. and
SJ-gC. for 2J^ lbs. f.o.b. at New York. Jute butts are in very
light demand at ll-16c. for paper quality, l ’40@lj£c. for
mixing and bagging, 1 and l% c . for spinning butts, all to ar
rive.
E uropean
Cotton
C o n s u m p t io n
to
February
1 .— W e
have receivfd to-day (Friday) by cable Mr, Ellison’s figures
brought down to February 1. We have sIso received the
revised totals for last year and give them for comparison.
The spinners’ takings in actual bales and pounds have been
as follows:
October 1 to Februcu y 1.
Great Britain.
F o r 1 8 9 8 -9 7 .
Takings by sp in n ers... 'isle*
Average weight o f bales.lbf
F o r 1 8 9 5 -9 6 .
Takings by spinners...bales
Average weight o f bale&lbs.
Takings in p o u n d s .........
Continent.
Total.
1,205,000
503
615,515,000
1,561,000
2.766,0 ? ’
487
497 4
760,207,000 1,375,722,Oix
1,172,000
502
58s3,595.000
1,380,000
2,553.0 •
494
487
875.01 fi.Onn 1,203,6X1.1*0
According to the above, the average weight of the deliveries
in Great Britain is 503 pounds per bale this season, against
502 pounds during the same time last season. The Continenial
deliveries average 487 pounds, against 487 pounds last year,
and for the whole of Europe the deliveries average 497 4
pounds per bale against 494 pounds last season. Oi r
dispatch also gives the full movement for this year and la t
year in bales of 590 pounds.
Oct. 1 to Feb. 1.
Bales o f 500 lbs. each,
000« omitted.
1896-97
Great
Britain
Conti
nent.
Spinners’ stock Oct. 1
Takings to Feb. 1 .......
24,
1,231.
Snpply..........................
Oonsumpt’n, 17 week*
1,255,
1.088.
Spinners’ stock Feb. 1 .
Weekly Consumption
00s omitted,
In O c to b e r ............
In N ovem ber........
In D e cem b er.........
rn J a n u a rv ............
167
64,0
64,0
64,0
64.0
1895-96.
Total.
Great
Britain
Conti
nent.
•ill.
1,520
301,
2,751.
67.
1,177.
602
535
1,350. 2,527,
1.797,
1,360,
3,052,
2,448
1,244
1,088.
1,885 3,129,
1,343. 2,431,
437,
604
156
144,0
144,0
144,0
144,0
61.0
64,0
61,0
64,0
80,0
80,0
80,0
80.0
542,
79,0
79,0
79,0
79.0
Total
698,
143,0
143 0
143,0
143,0
The foregoing shows that the weekly consumption is now
144,000 bales of 500 pounds each, against 143,000 bales o f like
weights at the corresponding time last year. The total
spinners’ stocks in Great Britain and on the Continent have
increased 65,0*10 bales during the month, but are now 94,000
bales less than at the same date last season.
E a s t I n d i a C r o p . —Messrs. Gaddum, Bythell & Co., of
Bombav. make the following telegraphic repert under d ate
of February 4:
To Havre, per steamer La Normandie, 730 upland aad 221
.........................................
951
Sea Island..................................
To Marseilles, per steamer Burgundia, 1 5 0 ..............................
150
To Bremen, per steamers Havel, 2 0 0 ....Stuttgart, 1,626
. . . Weimar, 1,998.......... ........................................................... 3,824
To Hamburg, pe- steamer Pennsylvania, 1 0 0 ..........................
100
‘Jo Antwerp, per steamer W esteroland, 102.............................
102
v o Lisbon, per steamer Dona Amelia, 300 ..... ........................
300
To Oporto, p^r steamers Dona A m elii, 800 ...D o n a Maria,
297 ......... ...................................................................................
1,097
To Genoa, per steamer Hesperia, 7 7 4 ........................................
774
To Venice, per steamer Pawnee, 1 » 0 .........................................
100
86
To Trieste, per steamer Pawnee, 8 6 ............................ ...........
To Japan, per steamer Mogul, 300..............................................
300
N e w Orleans —T o Liverpool, per steamer Polycarp, 5,037....... 5,037
To Havre, per steamer Leyden, 4,605.............................. .......... 4,605^
To Bremen, per steamers Herrmann. 4 ,3 0 3 ...N iagara,4,452 8,755
To Hamburg, per steamer York, 4,007.............................. ........
4,007
To Barcelona, per steamers Cadiz, 2,4 42___Gran An till a,
4,312
1,870............................. ...................................................... . .........
To Malaga, per steamer Gran. Antilla, 1,000.............................
l ,000
To Genoa, per steamers Cadiz. 2,708
Gran Antilla, 3,327 6,035
G alv eston —i «» Liverpool, per steam ers H olyw ell, 6 ,9 7 6 ....
Ida, 2.839___ Iraveller, 7,422 — Yucatan, 4,853 ............... 22,090
To Amsterdam, per steamer Arthur Head, 1,100 ................
1,100
P ensacola —To Liverpool, per steamer Vivina, 2 ,6 9 6 ................. 2,690
Savannah —1 o Bremen, per steamer Inverness, 4,205 ............... 4,205
Ta Wai berg, per bark Iona, 1.900...............................................
1,900
To Ooorto, per bark Carlo, 560 ...................................................
500
To Barcelona, per steamer Miguel Gallart, 5,750................... 5,750
To Genoa, per steamer Miguel Gallart, 2,650 .............. .......
2,650
N oe f o l k —To L iverpool, per steamers Lam bert’s Point, 4,071
___Meuantic, 3,395..............................
7,466
To Hamburg, per steamer Taormina, 200 ...............................
200
B oston —To Liverpool, per steamers Cestrlan. 4,872 upland
and 61 8ea Island ...M ich igan , 13 2....R o m a n , 9 5 9 ....
8yl vania, 1,262.....................
7,286
To Yarmouth, per steamer Boston, 3 5 .......................................
35
Baltim ore —To Liverpool, per steamer Ulstermore, 3,7 42......... 3,742
To Rotterdam, per steamer Urbino. 200 . . .
........................
200
T acom a —To Japau, per steamer Tacoma, 2,2 83............................ 2,283"
T o ta l....... .............
118.629
Below we add the clearances this week o f vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
G a l v e s t o n — ro Liverpool—Feb. 1 3 —Steamer Jfssm ore, 3 ,9 7 5 .... Feb.
18—Steamer Saturnlua, 3,546.
To Rotterdam —Feb. 13—Steamer Vera, 5 0 0 . . . . Feb. 1 8 -8 tea m er
County of York, 100.
To C openhagen -F eb. 12—8teamer Robert Adamson, 1.250.
Ne w O rleans To L iv e rp o o l-F e b . 11—Steamer Atnerioan, 1 4 ,1 1 0 ....
Feb. 12-S tea m er Texan, 4,818 ...F e b . 13—St amer Historian,
10,809... Feb. 16—Steamer Electrician, 3,3 95.. Feb. 18—Steamer
West Indian, 1 ,4 3 0 ....F ^ b. 19—Steamer Darien, 2,260.
To Belfast—Feb. 19—Steamer B.mgore Head. 1,165.
To Havre —Feb. 1 9 --Steamer Paranugua, 3,356.
To Dunkirk—Feb. 16—Steamer Marino, 2,369.
B r u n s w i c k — To Liverpool—Feb. 12—steamer Rantnoor, 2.83.1.
c h a r l e s t o n — To Bremen—Feb. 13—
-8ten n er Wastwater, 7,368.
To B arcelona—Feb. 13—Bark Concepcion, 1,550.
N e w p o r t N e w s —T o L iverp ool—Feb. 1 5 — Steamer R appalim nock, 4 0 1 .
Bost
Tn Liverpool—Feb. 1 0 — Steamer Philadelpbiau, 7 8 1 . ...F e b .
1 2 — Steamers Canada, 1,453 upland and 73d Sea Island ...C ep n alonla, 474. ...F eb . 15—Steamer Sagamore, 2 2 0 ....... Feb. 1 6 Steamer Armenian, 6,281.
To H ull—Feb. 13—Steamer Mikado, 150.
B a l t i m o r e — To L iv erp ool-F eb . 6 —Steamer Teinplemore, 1 ,0 6 5 .....
Feb. J l —Steamer Ikbal, 1,581.
To London Feb. 10—Steamer Montana, 51.
To Havre—Fel). 10—Steamer Miami, 1,050.
To B rem en -F eb. 1 2 —Steamer Wiilehad, 1 ,8 9 3 ....F e b . 17—Steamer
H alle. 1,595.
P h i l a d e l p h i a —To L iverpool—Feb. 16—Steamer Penuland, 20 >.
S a n F r a n c i s c o — To J a p a n -F e b . 1 3 —Steamer City of Peking, 2,150.
Cotton freights at New York the past week have been
as follows.
Satur.
Liverpool,asked .d. 163171
Do
........d .
Havre..................... c.
301
Do .....................e.
Bremen.................d.
30t
Do ................. d.
Hamburg............. d.
25t
Do
............ d.
....
Am sterdam ......... c.
301
Beval, v. Hamb..d.
732
Do v. H u ll...d .
3,s
Barcelona............ d.
....
G e n o a ...................d.
351
Trieste.................. d.
31S
Antwerp...............d.
9ftl
Ghent, v.Antw 'p.d.
11«*4
» C e n ts n et p e r 1 0 0 lb s .
Mon.
Tues.
Wednes. TKurs.
16® 17t 16® 17t 1 6 » 1 7 t
F r i.
17>at
1 7 ‘s i
30t
30t
301
301
301
30t
301
30t
30t
30t
251-
251
251
25t
251
....
....
....
....
301
301
301
732
3ia
301
3ie
732
*>18
7S3
3IS
301
732
31»
....
....
....
...
351
351
351
35t
316
9S4
>>84
»18
9ei
u «
35t
31S
»64
»8 4
3ts
»64
»S4
3ie
9«4
1>84
THE CHRONICLE.
380
L ivssfool , —By cable from Liverpool wo have the following
«t»foment of the sneak** **ies, *tanks. &o., at that port.
Jem. 20.
Feb. 5,
61,000
1,700
I o t !h » Week......... baMa
Of srhieh axpwrtwr* !•«•*....
Of witch
took, ■
~,1«)
] 5‘1,000
Bain* Amwtteia..
3,000
A«s!al*m*<rt........
65,000
r e m n r M l .............. ....
1,2'0,000
Itestxi **«*e:k—:K*!lOIXWid, ....
■Of whi.'h Ani«ri«u>-K*»m‘d 1,097,000
'Total in.ii«>n of *.•••!*•w c r t ...... 120,000
t>!
A*: - fi Hi . . . . . . .
. .................
StwMeU American...............
H u n nr.t
liO.OOO
29 <.000
290,1X10
le b
12
Bek. lit.
-I3.000
S',000
52,000
2,600
1,000
100
2.000
7,200
18,000
51.000
53.000
1,000
1,000
3,000;
69,000
8
71.000
. *,i,>00;
____
1,209,000 1,370.000 1.3H.000
1,1 i ; , 00011,2 >9,000 1,217,000
1 i.ft.000 149,000 97,000
57.000
123,000; 131,000
265,000 200,000
tt.V.,Q00i 190,000
<23*00
185,000
180,000
[VO L, L X I V .
There has been a quiet market for Iadiau corn future, and,
despite the break in wheat early in the week prices held
steady ; in fact they gradually worked upward, and yesterday
on stronger foreign advices, which stimulated something of a
demand from “ shorts ” to cover contrsots, thev made-some
thing of an advance. A prospective falling off in the crop
movement also has had a strengthening influence upon
values. To-day the market further advanced on continued
>uying by shorts to cover contracts. la the spot market
there has been a further shrinkage in the export demand.
To day the market was firm. The sales included No. 3 mixed
f ir March loading on private terms and oa the spot at 30J^e,
delivered ; also steamer mixed at 2 1^ 0,, in elevator.
OAH.Y OLOSIHO PB10HS OP SO. 2 *1X80 Ooas.
8
B a it
M on.
on.
Tu.
T u es
W ed .
T h u rt,
r -1 ,
21H
21
21
21^
21%
21%
21%
21%
22
22%
The tone of the Liverpool market for spots and futures eat li February....................... 0 23%
23%
29%
28%
29%
28%
29%
29%
29%
29%
day of the w„ek ending Feb. 19 and the daily dosing prices May delivery...........„.o, 29%
30%
Jnly
dot!
very..................c.
30%
30%
30%
30%
30%
31%
o f spot cotton, have been as follows.
Oats for future delivery have bseu dull. The fluctuations
in prices have been withia the narrowest limits, and the net
& f»!.
\ ta m r4 a # Monday ftteMtay WetVday. Thursday. F rid a y .
changes for the week are unimportant. In the spot market
buyers’ Harden'ft. a moderate amount of business has been transacted, as there
Martel, {
0 ,
I’ lrm ar. Harden'g. £»favor.
1:45 r. *, i wa
was some buying by exporters early in tho week, and there
bas been a limited demand from the home trade. To-day the
3%
3%
3*1 2 3214a
3%
MlAfiplV.*. 3S»n
market was firmer but qaiet. In the spot mirket a limited
8*000 10,000 10,000 1 0 , 0 0 0
Bale*....... 6.000 10,000
amount of business was transacted at firm prices. The sales
1,000
2,000
500
500
500
6 {tto. S l i p .
300
included No. 2 mixed at 2 t%c, in elevator and No. 2 white
at 231-2C, in elevator.
F u tu res.
Iteady at Steady ai Quiet at tread* »<(Steady at
OAttT OOOSISO PRICES OP HO. 2 MIXED OATS.
Marker,
5»artialiy £-04 ad {••uunfly 8-84 da- 1-01 ad1:45 r. *.
Mon.
Tur.t.
P rt,
cllua. j vanee.
vance. 1-04 doc.
S a l.
1-04 dect
W ed .
T h u rt.
February delivery.........e.
Marks:,
4 r. x
Firm*
Quiet but gtoa.T
steal?. |
Steadjr.
Firm,
The prices o f futures >it Liverpool for each day
teiow. Prices are on the basis of Uplands, Low
clause, unless otherwise stated.
fF
The p r i m a r e ■;;«<! i » p r a t e a n d 64(5.
T h u s:
3 63-04*i. , and 4 01 m e a n s 4 161*1.
^ a tn r.
i # . 13 to
I
M on *
f
T u c»,
W ed.
d.
ti. i d
Fj-b.-MiirvU.
Meh-ApriL.
Aprtl-May ..
May.Jane..
J on a J u ly..
July.-An*..
Amr.-Sept .
8ept.-Oet...
tH a -K a i...
Nov.-Dev...
Dec.-Jan...
352
3 52
3 53
3 53
3 54
3 54
3 52
3 48
3 -11
3 42
3 5 3 :3 03
3 53 3 53
3 54 3 54
3 5 1 3 55
3 55 3 55
3 55 3 56
3 53 3 53
3 49 3 48
3*11 3 41
3 43 3 43
Pino................ 9 bbl0 0 « 2 85 Patent, w inter.......... $4 60® 4 90
Superfine.................... 2 2 0 0 3 00 City mills extras....... 4 7 0 ® 4 80
Sstra, H o. 2 .............. 2 7 03 3 25 Rye flour, superfine.. 2 40 <* 2 90
Sxtra.No, 1 ........... 3 23® 3 60 Buckwheat flour....... 1 05® 1 10
Olears......................... 3 75 » 4 20 Corn meal—
Straights.............
4 109 4 40
Western, &o.......... . 1 7 5 n 1 8 3
Patent, spring........ 4 25® 4 50 Brandywine........
1 90
{Wheat flour in s aoka sells at prices below those tor barrels.!
F r l.
T U n rs.
3
3
3
3
3
3
3
3
3
3
52
52
52
53
53
54
51
47
43
4!
3 52
3 52
3 53
3 53
3 51
3 54
3 52
3 46
3 42
3 41
3
3
3
3
3
3
;;
3
3
3
53
53
53
54
54
55
52
46
42
41
3 54
3 54
3 54
: 5a
3 55
3 56
3 53
3 47
3 43
3 42
B R E A D S T U F F S ,
F rida ?, February 19, 1897,
The trade brands of wheat flour have received slightly incr* :*. * ( i t* ntion from the home trade; still the volume of
busiiiv-.- traii-.icto i has been only very moderate, but as
stock?, in sellers' hands have been small, more particularly of
winter-w heat grades, there has been no attempt on their part
to hurry busine*, and values have been well maintained. Bye
flour has declined, and at the concession has had a better
n il*:. The demand for buckwheat Hoar has been stow, but
price* have held about steady. Corn meal has had a fair sale,
hut at slightly lower prices. To-day the market tor wheat
floor was fairly active and firmer.
The speculative dealings in the market for wheat futures
h*v<‘ been moderately active, and although the fiuctuiti ms
in values have been within a fairly wide range the net
change* f.<r the week ore unimporiant, showing o n lv friotkiaai advances, Siturdly there was a decline of
y adt :ea were dLapp Anting and
traders generally were selling. During early ’Oiange on
thprJ< Wfw an advance in prices, lined on the war
tsllc fr*en L irop x
Subsequently, however, there was ren-'-w.-ri selling, a ad the improvement was lost. Tuesday the
pro-p- c u o. serious complications arisingout o f the Cretin
situation were not considered probtble, and as foreign udlinpd sharply, clown,otT for the day. Wednesday and Thursday, however, me
maroj.it turn*d stronger. Foreign advices came firmer, and
tni« auto mated a demand from shorts to cover contrac's. with
the result that prices fur llt« day mads a net advance of 1 <5
1Me, To day the market way fairly active and prices further
adv.in.yeri 1
, ■ 0 0 general buying, stimulited by stronger
foreign a-Ivi?..-* and renewed war talk from Europe, la th e
spot m irkoc only a limited amount of business has been
J o -ia y the market was quiet. Thn sales in’’ *•, {. v »n h **r» at M '4' o. f, o. b. afloat; No. t har-1
M
'
'
; r
i
f-0 tb i a i l >at,
<> r rfUMtso ram.-* or n o .
Frtbrsej/ ftaiivt.tr..
M4f*-ft I r’i ......... a.
MaydXpTwrr.. ..,w .. ..r*.
SoOO
......
July (trJirerr
....... <1
S»p'tvaa*«r S e iim r r . ,,r-
97'
M on.
2 r*»
§!.?* 81%
«0% «a»»
80%
7<»%
81*4
77%
?*%
75% 7ft %
wnmeu
fur*.
$0%
81%
*1 ■*,
7»
77%
74%
whbat.
W ed.
81*4
82*4
e%
75%
77%
7ft %
21%
21H
3 63 m ea n s
d.
d.
d.
d.
d.
d.
d.
d. : d.
3 40-3 ftX|3 52 3 53.3 53 3 52 3 52 3 53 3 54
3 4 7 ,3 45:3 47 3 49.351
3 -19 3 40.3 -17 3 49 3 51
3 48 147 3 48 3 50 3 52
.1 49 3 IS 3 19 3 51 3 53
3 ftO 3 43 3 50 3 51 3 53
3 50 3 4913 50 3 52 3 51
3 19 3 47 3 48 i 50 3 52
3 42 142 3 11 3 45.3 48
3
3 38 3 40 3 42 3 43
3 38 3 37 3 39 3 4 1 3 12
21M
Bye and barley have had a moderate sale at steady prices.
The following are closing quotations ;
FLOOR,
12H
February. . 3 17,3 . 1 3 17
21%
22
are given,
Middling
1 \ i m l 4 1:45' 4 1:45 4 1:45 4 1:45 4
P.M. P. K P.M. P.M. P.M. P.M. P. M. P.M. P. M. P.M. P. M. P.M.
M , 13.
March delivery-..............
0 . 21%
........ 0.
J uly delivery................. c. 22
T h u rt.
82q
82%
81
so,
78%
75%
p.i
83%
83%
80*
Rt a,
78%
77
GRAIN.
o.
Oorn, oer bush—
e.
84 ® 92%
West’n n ilx e d .,.._
No, 2 mixed..........
90 @ 92
93
81 ®
Western y e llow ...
91 %® 92
Western W h ite....
Oats—.Mixed, per bu. 19 ® 23
R yeWhite..................... 20%® 23
Western, per bush.
No. 2 mixed.......... 21 %® 22%
State and Jersey..
Bro.2whfte............ 23%® 24% Barley—Western.. . .
Feeding........ .........
Wheat—
Spring, per bush..
Red winter No. 2 ..
Red winter........ .
Hard, No. 1........
0.
28% »
29% a
2 8 %®
28*s*
e,
31
31
30%
31%
40 -9
40 ®
39 ®
33% a
46
47
48
34%
The movement o f breadstuff's to market as indicated in th 0
statements below is furnished to us by the Statistician o f the
New York Produce Exchange, W e first give the reoeipts a
Western lake and river ports, arranged so as to present the
comparative movement for the weekending Feb,13, 1897,
and since August 1 , for each of the last three years:
Receipts a t—
Flour.
W heat
Oorn.
Oats.
B irley .
R ye.
Bbl&.WVbs BushA)0 lbs Bush. 5Slbs Bm hSZlbs B m h.4Blbs B m h . 56 lbs
10L323 1,877,072 2.714,7 4
35,920
672,070
Chicago,....
51,581
98,150
231,753
2,903 1,019,000
30,754 •
51 $
23,9554
2,100
7,861
915
46,310
21,315
16.300
5,10 >
62,500
. ...
Tot.wk.’97
Same wk.198
Same wk.’95
Since A m . 1.
1806-97. ..
1895-96 ...
189i-95 ...
29,250
2,670
30,791
464,162
17,581
8 L0
978,510
68 >,4.00
4)3,009
31,000
Milwaukee.
Duluth......
Minneap’lts
Toiedo,......
Detroit..—
Cleveland..
St. Louts,,.
Peoria
Kansas City
118.483
338,552
1*4,934
1,743,312
3,130,451
1,103,057
4,505 548
1,55 t 8 )6
1,161,261
241,000
121,459
311,10 •
16,(*03
11,023
18,820
311,303
355 85 >
71,000
4,177,*202
1,9 *7,779
3,248,705
317.600
103,053
34,200
31,233
.... .
1,079
23,448
., ...
1L7 750
29,400
2,800
1.8 W
1,173,021
040,034
431.000
107,062
83,218
70,852
7,095,946 118,171,200 95,717.014 100,0)2,011 29,614,810
0,920.340 118,671,753 7O,08«,48i 83.890.440 28,333.760
7,518.420 1 1 0 .8 12 ,6 6 ? 48,180,002 53,045 5 M 20.593,038
5,467,890
2,618,3 LO
1,608.896
The reoeipts o f flour and g< n at the seaboard ports for th 0
week ended Feb, 13, 1897, follow:
Receipt* at—
New York.......
Boston ...................
Montreal....*....
Philadelphia....
Baltimore.........
Richmond
New Orleans4'...
tk m r,
iF(k it.
iW7l*
22,5 U
7,610
lt-S,#£5
Il8,8 ®
W*.
tt&tb.
65.24l
OtU,
625,850
269,805
5.017 481.8*14
2112$ 1,36 7.232
J7.007
8.885
10,034
7,2.4
12,620
bmh.
447,0 )0
Hi 8s6
72,780
01.2*13
82.684
16,5L0
37,495
2,560 812 551
3*0 4*4
N orfolk...;..........
851,000
N e w p o rt N e w s— ...................
.........
329,314
Galveston-..........
-- ...
......
95,000
Mobile................. .
.........................
0.7*5
Portland,Me .......
71
88.983
*47,058
iV.bio
St. John. H. .......
O.CGO 25.370
Total week,,..*, 211. 51 351,623 6,97^918 m $,038
Week 1806.............. 363,531
301,700 1,251,638
Barley,
bmh.
151.160
l
6
036,618
Rye,
bush.
80,840
4>0
700
70,886
16,542
239,4 M
115,523
47,828
81,531
” Receipts do not Indiarle «ratn passing tkroafh Now Orleans for foreign
ports on tlirouKb bills of Judins.
The total receipts at ports from Jaa. 1 to Feb. 18 compare as
follows for four years:
Receipts o f —
Flour. ..... ....
1397,
1,775,680
Wheat ........ bush. 2.211.75 5
21,6?5.fUH
Corn , .......
Oats . . . .. .....
5,599,718
902,191
Barley...... ...
6)3,889
Rye............ * 33.0M.2ir
Total grain
1396.
3.909,450
1895.
1.450,035
1,710.0 U
10.31 4933
4.220 618
038,13 $
71,9j l
2,042.434
2.5?0,514
2,02',364
460,246
42,531
17,007.587
8,014,154
1894.
1.833,688
1.8)8,083
10,726,0*7
3,012 073
7i . i ?
1?,S«I,0»6
THE CHRONICLE,
F e b r u a r y 20, 1897.J
The exports from the several seaboard ports for the week
ending Feb. 13, 1897, are shown in the annexed statement:
W heat,
Corn,
bush.
E B poris f r o m - 6ush,
533,032
161,746
B r n o o ............. 23 >,340
P o r tla n d .........
23,9 53
P h iladelphia..
40,00J 50 f,5>3
B a ltim ore........................ 1,230,2 H
774,322
N ew O rleans..
72,241
390,47 4
N o rfo lk ............................
85L, 00
N ew p’ rt N ew s ............
17,620
3t.J oh n s.N .B . 25,379
329,314
G a lv e s t o n ......................
95,000
M ob ile..............................
Flour,
bbls.
67,67)
21,1*5
71
Oats.
bush.
343.070
25.830
9,783
E ye,
bush.
43,935
38,48*3
432
260,140
140
51,139
9,069
47,058
10.542
........
.............
.............
T o t a lw ’k ... 933,417 4,996,015
S am e t im e ’96. 744.215 3.181,493
130,89)
289,343
092,479
120,131
114,940
.. ...
......
......
P c AS,
buna.
5,098
300
8.65 3
Barley
bush.
26 >,073
. ...
........
14,054
08,8L/
265,873
The destirtation of these exports for the week and since
September 1, 1896, is as below. We add the totals for the
oorresponding periods of last year for comparison:
/---------- H o u r .---------- , r—----- W heat.--------- » ,------------ Cl >rn.----------- .
W eek
Sine* S',pt.
W eek
E eports for
W eek
Sine-’. Sept.
■Since Sept.
Feb 13.
Feb. L3. 1. 1893.
Feo. 13. 1, 1890.
1, 1890.
week an4 since
bush.
bush.
blleSh.
bush.
Sept. 1 t o —
bbls.
bb's87,478 4801,525 599.413 24.523,338 2,317,957 38.H-L.553
D o ite d K ingdom
15.o20 531.03-< 321,-»14 0,642.337 2,620.y40 33.06J,190
19,449
747 112,465
2,400
13.774 432.924
13.500 507,452
10,277 521,271
1,300 130,^48
18,1"0 240078
13.590
045,123
24,765
1,438,107
535 115.974
O ther co u n tr ie s ..
, 130.8PO 6354,200 930,417 32,033,215 4,990.015 74.000,153
T o ta l 1895-98.
289,342 0,19.3,841 744.215 22.311,053 3.18L.498 45,001,41*
B. <fc C. A m erica ..
The visible supply o f grain, comprising the stooks in
granary at the principal points o f accumulation at lake and
seaboard ports, Feb. 13, 1897, was as follows:
, 1.021,000
.
334,900
.11817.000
. 2 0,900
. 305,009
Corn.
bush.
4,631,000
404,000
39,000
112.000
225.000
6.977.O0O
2,039.000
4,000
G its.
buih.
1,851.000
74.000
125.000
232.000
201.000
5,594.000
582.000
6,000
. 3 814,000
.
4O2.000
. 1.103,000
18.000
1,740,000
1,291.000
179,000
881,000
63.000
119,000
99,000
11,000
34,000
*45,000
2,919,000
04.003
1.000
990.000
316,000
31,00b
47.00C
6,00b
9.00U
258.000
04.000
295.000
85.000
276.000
” 8,000
1,000
204.000
551.000
758,000
23,000
13.491,000
13.324,000
0,950.000
0.933.000
3,280,000
W heat.
bush.
, 3 599.000
. 1,^52,000
L>0
Albauy
Buffalo .
a flo a t...
Oo
C h icago .
a flo a t . . .
Do
K L lw a a iee ..............
a f lo a t . . .
Do
D uluth .
a f lo a t . ..
Do
T oled o. .
Do
a flo a t—
D etroit .
a flo a t—
Do
O sw ego .
8t L ou is
Do
a f lo a t ....
.
...
Cincinnati..,
802,000
27,000
. 1,295,000
.
8.000
.
6*5,000
.
209,000
.
440,000
.
505.000
.
101.000
.
135,000
. 469,000
.
20i >.000
.18,081,000
On Laces..................
On c*n-\l and river...
T ota l
T otal
T otal
T otal
T ota l
F eb . 13, 1397 46.658,000
Feb. 0.1897 47.885.000
Feb 15 1890 6 >.927,000
Feb. 10. 1*95 *0,7*4,000
Feb. 17.1891 78.603,000
TH E
DRY
24.000
1.109,000
413.000
58.000
108.000
1,958,000
55,000
00,000
24.391.000
23.332,000
11.960,000
12.651,000
17.787,000
R ye.
bush.
295.00-8,000
135,000
95,0- 0
1,403,OOu
B a rley
bush.
380 00()
82,000
1(),000
1,183,000
162 000
84,000
111.0*1
95,000
772,000
427,000
52,000
133,000
10.000
61.00'.
50.00-
20.000
59,000
16 000
399,->00
68.000
09,66b
3.901.000
3.804.000
1.553 000
353.000
547.000
3,382.000
3,321,000
2,295,'*00
1,00 >.000
1.372,000
GOODS
TRADE.
19, 1897.
There has been less progress made in the market during the
past week than generally looked for and less than warranted
by the expectations based upon the attendance of buyers.
The latter have been here iu large numbers but the retail
trade and small j ibbers have been mostly represented, so that
the primary market has not benefited to any material
extent. Even in jobbing circles the business secured has not
been such as might reasonably have been counted upon from
the large number of buyers operatiog. In this respect the
week’s results have been disappointing. Last week there was
an impression that the extraordinary business in print cloths
would induce freedom of action in other directions, but it
must be acknowledged that there has been but little indica
tion tb is week on the part of buyers to throw off the reserve
which has characterized their actions for so long a time past.
The woolen and worsted goods division has been fairly busy
and generally steady in price. Collections are favorably re
ported upon.
N e w Y o k e , F r i d a y , P . M ., F e b .
D o m e s t ic
Cotton
G oods— T he
ex p orts o f
co tto n good s
from th is port for th e week e n d in g Feb. 16 were 1,158
packages, v a lu e d a t $63,755, th e ir d e s tin a t io n D eing t o ih e
p o in ts sp e c ifie d in th e ta b le s b e lo w :
1897.
1890.
Week. Since Jan. 1.
Week. Since Jan a
N e w Y o k e to F e b . 16.
Great Britain.............. .
Other E nropean.....................
C h in a ......................................
India............ ...........................
Arabia................................... A frica .......................................
West Indies.............................
olexloo................................ .
Central Amerloa....................
Bo nth A m e r i c a . . . . . . . . . . . . . .
Otner Countries_________ _
T otal..................................
China, via V an oou v er*....
7
1
11
11
504
14
76
455
79
1.158
....
363
571
15,594
574
2,557
1,181
2,025
275
945
9,317
475
34,477
7,950
T otal.................................. 1.158
42,427
* fr o m New England m ill points d lreot.
9
45
i
24
235
35
34
259
119
j
254
993
11,051
1,976
700
2,021
2,113
327
1,133
0,632
551
799
27,751
2,532
799
30,283
387
The value o f the New York exports for the year to date hae
been $1,389,217 in 1897 against $1,382,596 in 1896.
Business in brown goods has been irregular. Light-weight
coarse yarn makes have been in relatively best request and
steady, whilst in heavier goods the demand has been indiffer
ent, and in the matter of four-yard sheetings prices have
favored buyers. The sales of browu ducks and osnaburgs
have been on a quiet scale only at previous prices. In coarse
colored cottons, denims are dull and generally in buyers’ favor,
ticks are quietly steady, cottonades and camlet jeans have in
some makes been cleaned up at low prices, wnile a limited
demand is reported for plaids, checks and stripes, etc. Lowgrade bleached cottons are firm but quiet, and in medium
and fine grades rather more business has been done at previous
prices. Lower prices have been quoted occasionally for wide
sheetings and sales have improved as a result. Cotton flan
nels and blankets dull and unchanged. There has been a
steady business of about average proportions in printed goods,
both fancy and more staple varieties. Ginghams have been
dull and unchanged. The market for print cloths has re
lapsed into a quiet condition, following last week’s abnormal
sales, but prices have been maintained on the basis of 3 11-16c.
for extras.
1897.
Slock o f P r in t Clothe—
Feb. 13.
A t P rovidence, 64 squares. 147,000
At Fall Rtver, 64 squ ares.. 606,000
At F all R iver, odd s iz e s .... 420,000
1896
Feb. 15.
204,000
440,000
353,000
r ota l s t o o k (D le o e s ).... 1,173.000
W o o l e n G o o d s .—There has
997.000
1805.
Feb. 16.
86.000
23.000
99.000
208,000
1894-7
Feb. 17.
179.000
250,000
58,000
487.0C0
been considerable progress
made during the past week in business in men’s-wear wool
ens and worsteds in heavy-weights, and although the season
is still very backward in these the outlook has undoubtedly
improved to some extent. This is particularly the case with
low and medium grades of all-wool goods in cheviots and
cassimeres, upon which the demand has mainly run. In
grades at $1 and upwards business has been comparatively
quiet in both plain and fancy goods. Reorders for light
weights continue good for late stage of the season. Satinets
and cotton-warp cassimeres are selling moderately for fall;
doeskins and cotton worsteds quiet. Iu plain-faced overcoat
ings a fair demand is reported, but rough faced goods are
dull; cloakings iu improving demand. Flannels and blankets
are more looked after at last season’s prices. In dress goods
reorders for spriog are moderate and chiefly for fancies in
medium and low-priced grades.
F o r e i g n D r y G o o d s . —There has been fully an average
amount of business reported in spring lines in dress goods—■
silks, ribbons and laces—at generally steady prices. Linens
are firm but still quiet. Hosiery and underwear dull and un
changed. Fall dress goods are being ordered in moderate
quantities.
I m p o r t a t io n * a u d W a r e h o u s e W i t h d r a w a l s o f D r y G o o d s .
The importations and warehouse withdrawals of dry goods
at this port for the week ending February 18,1897, and since
January 1, 1897, and for the corresponding periods of last
year are as follows:
THE CHRONICLE.
S tate
m u
C ity P s f A f r n v r s N T ,
TERMS OF SUBSCRIPTION.
T uk I xvkstobs’ S upplement will be furnished
u p v -ic <,ire charge to every annual subscriber of the
OOMMEJUTAt. AND F IN A N C IA L CH RO NICLE.
T he State axd City S upplement will also be fur
nished wit
!t , fra charge to every subscriber of the
C h h o x ic l b .
T he S tr ee t R a i l w a y S u p p l e m e n t will likewise
be furnished w ithout extra charge to every subscriber
o f th e C h r o n ic l e .
T he Quotation S upplement, issued m o n th ly , w ill
also be furnished without extra charge to every subicribcr of the Chronicle .
TERMS fo r the Chronicle w ith th e fo u r S u p p le
m ents above nam ed are T e n D o lla rs w ith in th e U n ite d
States and T w elv e D o lla rs iu E u r o p e , w h ich in b o th
cases includes postage.________
Term s of A d v ertisin g —(P e r inch space.)
One h b « ..... ......................„ S350 I Tar Months (13 times)..$25 00
Ose Month
(4 times).. 1100 Six oaths
(-IS times).. 43 00
Two Months
(S times).. 1 - 00 i Twelve Mouths (52 times).. 5800
■Tc« above terms tor oae month and no ward are tor standing cards.
T h e p u r p o s e o f th is S ta te a n d C ity D e p a r t m e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C it y S u pple m e n t . In other
w ords, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e and Citv S upplem ent to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.
B o n d P r o p o s a ls a n d .N e g o t ia t io n s ,—We have re
waved through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Alabama.—Bonds Authorized .—The State Legislature has
authorized the Governor to refund the entire bonded debt of
the .State by issuing new fifty-year bonds.
Albany County, N. Y.—Bond Sale.—On February 16, 1897,
the $71,000 of war loan refunding bonds of this county were
awarded as follows:
Alba nr Savior:# Rank.................................................$35,000
AiO.ii.y
0,000
Albaiij savine* Hank.................................................. 10,000
Albany l/miuty Sas log* Bank..................................... 10,000
Nations.) -.v;;..- Bauxot AUm ny............... .......... 10,000
1103,.
10850
107-00
104’48
101*81
The securities are registered and bear interest at the rate
o f 4 per cent, payable semi-annually. Thirty-six thousand
dollars of the principal will mature from March 1, 1893, to
March 1, 1915. inclusive, at the rate o f $2,000 annually, and
the remaimi. r on March 1, 1916.
The present bonded indebtedness of Albany County, not
including thi- i.*wu«-, is $$<31,000, and the assessed valuation
for 1898 was $98,6,59,334 45,
Allentown, Pa .—Bonds Proposed.—It is reported that the
chy of Allentown proposes to issue $850,000 of improvement
bonds.
Barton, Vt.—Bond Sub '.—Oa February 13, 1897, the $30,*>».i of i p-r cent refunding electric-light bonds of this village
were awarded to B. II. R Alins & Sons, of Boston, at par, accromi inter.-st and $131 premium, The other bidders wereNational Life Insurance Go., of Montpelier, Vt.; N. W. Karris
A Co,, of Boston, W. J. Hayes & Sons, of Boston, and
- a- ■ , ’.V, i.-ngatreet & Co., of Boston. The secu
n !v i S!" doted January 1, 1897, interest is payable
»*ini-annually on the first days of January and July at the
•' National Bank, of Bo»ton, Maas., and the principal
Wi.i mature January 1 , 1927, the bonds being subject to call
r,f ter I* ),. Thu total debt of the village, including this issue,
*? «”*>,Vrw, tosessed valuation, $-113,311, real valuation, $826,623, and the population about 1,100.
H«j Cily Union School District, Mich.—Bowls Authortw o.—The Board of t ducat ion of this district has decided to
UA-Iie
!>)->)( f school bonds. The securities arc to ite dated
f eb. 15,1»V7 : interest at a rate not exceeding 5 per cent will
bo payable r. mi annually on the 15th days of February and
August at tin- City Treasurer's office, and the principal will
mriore at tn- ram of $ V Ct) each year, beginning with Feb.
la, I3VJ, 1 hr nonos are to be of the denomination of $5 000
and are put t of an authorized issue of $15,000,
[VO L. LX 1V •
Beatrice, Neb.—Bond News.—Action lxaa been brought in
the District Court asking for an injunction to prerent the
holders of $10,000 of refunding bonds of this city from collect*
ing the principal and interest on the same as they become due.
The securities were issued to retire an old series of paving and
curbing bonds, and their legality is attacked at several uoints.
B entonvllle, Ark .—Bond Offering —Proposals will be re
ceived until 12 o’clock, noon, March 0,1897, by Jas. M, Bohart,
Chairman of the Water Works Improvement District Board,
for the purchase of $24,000 of bonds of Bentonville. The se
curities will bear 6 per cent interest and the principal will
mature from 1898 to 1909, inclusive, at the rate of $3,000
annually. The denomination of the bonds will be $100.
Calhoun County, Ala.—Bonds Authorized.—The Alabama
State Legislature has authorized this county to issue $75,000
of bonds to pay off its indebtedness. The county commis
sioners have made no definite arrangements as yet for the
sale of the securities.
Camden, N. 3.—Bond Offering.—The Finance Committee
has decided to ask for proposals for the purchase of $400,000
of 4 per cent thirty-year water bonds until February 24, 1897.
The securities will be dated June 1, 1896, and the interest
will be payable semi-annually on the first days of June
and December.
Each proposal must be accompanied
by a certified check of 5 per cent of the amount bid for.
These bonds were awarded to E. C. Jones Co. at a pri
vate sale on February 9, tlieir bid being 101 for $200,000 and
103 for the remainder, providing the city is placed on the New
York State Savings Fund list. Certain members of the com
mittee thinking that better terms could be obtained at a pub
lic sale petitioned the Court to grant an injunction to prevent
the sale of the bonds to E C. Jones Co. at the above price
and tbeir request was granted.
Charlottesville, Y a —Bond Election.—It is reported that
an election will be held in this city in May, 1897, to decide
the question of issuing $30,000 of water bonds. The securitier, if authorized, will be coupon bonds; they will bear in
terest at the rate of 5 per cent, and the principal will ma
ture in from ten to forty years from date of issue.
Chelmsford, Mass.—Bond Sale.— The $12,000 of notes of
this town were sold to E. B , Gay & Co. of Boston at par.
The loan is in the form of one to ten year serial notes of
$1,200 each, and bears interest at the rate of 4 per cent,
Cincinnati, Ohio.—Bond News.—On account of the delay
of the Citizens’ National Bank of Cincinnati in taking the
$75,000 of 4 per cent school bonds which were recently
awarded to them, the Board of Education has reconsidered
their action in accepting their bid. It is probable that S.
Kuhn & Sons, the next highest bidders, will purobase the
bonds for $78,975, the price they offered for them.
Colbert Connty, A la.—Bonds Proposed—A bill has been
introduced in the State Legislature authorizing the citizens
of the county to vote on March 15, 1897, on a proposition to
issue $100,000 of road improvement bonds.
Craven Connty, N, C.— Bonds Proposed.—This county will
probably issue $85,000 of bridge bonds,
Easton, Pa.— Bonds Defeated.— City Clerk James McCauly reports that tbe City Council lias voted against the
proposition to issue $155,000 of paving bonds. The ordinance
will therefore not come before tbe people at the election
next Tuesday, as was expected,
Elsittor, Cal.—Bonds Authorized.—'Tbe citizens o f this
place have voted in favor of the proposition to issue $20,000
of water-works bonds. The securities will be serial bonds of
the denomination of $500 and dated July 1,1897. Interest at
the rate of 6 per cent will be payable semi-annually on the
first days of J anuary and July at the office of the City Treas
urer, and the principal will mature at the rate of $500 yearly.
Principal and interest will be payable in gold. A special
assessment will be levied each year for the payment of the
securities.
Flagstaff, A. T .—Bonds Authorized.—F. W , Smith, Town
Clerk, reports to the C h r o n ic l e that the bill authorizing this
town to issue $65,000 of water-works bonds has been passed
by tbe Senate, approved by tbe President and was endorsed
by the people at a special election held on February 8. The
securities will bear interest at the rate of 6 per cent, payable
semi-annually, and the principal will mature in thirty years
from date of issue.
Frauklin, Minn,— Bond Sale. —It is reported that this mu
nicipality has sold $4,000 of water bonds to Trowbridge &
Co., of Chicago. The securities bear 0 per cent interest and
mature in fifteen years from date of issue.
Gallup, New M exico.—Bonds Authorized.—It is reported
that the water-works bonds o f this municipality to the
amount of $10,000 have been voted.
Galveston County, Texas.—Bonds Proposed.—It is ex
pected that this county will issue $250,000 of bonds, the pro
ceeds of which will be applied to the construction of a new
court house and an addition to the county jail.
Glen Ridge, N. J .—Bowls Defeated —The citizens of this
borough decided in 1895 to issue $60,000 o f bonds, the pro
ceeds of which were to be applied to the improvement of
roads. Action was brought in the Supreme Court by certain
parties asking for an injunction to set aside the resolution
calling for the sale of tbe bonds, and the request has been
granted. The taxes which the borough raises annually are
F e b r u a r y 20, 1S67.J
THE CHKONIOLE.
only sufficient to meet the running expenses, and it was the
intention of those who were desirous of issuing the bonds to
thus provide better roads than could otherwise be obtained.
Gloversville, N. Y .—Bond Sale.—On February 17, 1897,
the $14,000 of local improvement bonds of this city were
awarded to E. C. Jones Co. at par, accrued interest and
$141 premium. The securities are dated February 1,1897;
they bear interest at the rate of 4}£ per cent, payable annually
on February 1 at the Fourth National Bank of New York,
and the principal will mature at the rate of £2,800 yearly on
February 1. from 1898 to 1902 inclusive. The denominations
of the bonds are $100, $500 and $1,000.
Bonds Unsold.—Tbis city also offered for sale on February
17, 1897, $27,000 of 3}£ per cent refunding bonds, but no bids
for the same were received.
Holland City, Mich.—Bond E lection. —It is reported that
an election will be held in Holland City to vote on the ques
tion of issuing water-works and sewer bonds to the amount
of $30,000.
Holden, Mo.—Bond Offering.—Electric-light bonds of
this city to the amount of $12,000 will be ready for sale about
March 1, 1897. The securities will bear interest at the rate
of 5 per cent and will mature in from five to twenty years
from date of issue.
Jeffersonville, Ind.—Bond Sale.—Bonds of this city to the
-amount of $128,000 have been awarded to Rodolph Kleybolte & Co. of Cincinnati. The securities bear interest at the
rate of 5 per cent, and the principal will mature in 1922.
Johnstown, N. Y Correction. —The statement in last
week’s C h r o n i c l e that there was some doubt as to the
legality of the $5,000 of town bonds awarded to Walter
Stanton & Co. was erronecus. The remark should have been
applied to the $17,000 of city bonds previously issued. Messrs.
Stanton & Co. advise us as follows: “ The $5,000 of bonds re
ferred to were issued by the town of Johnstown, N. Y ., were
found legal in every respect, and have been taken up and
paid for. We are advised that on January 26 the city of Johns
town, N. Y ., sold $17,000 4 per cent bonds. Upon investiga
tion it was discovered that the city charter did "not authorize
the issue, and that a bill is before the Legislature to remedy
the defect.”
Juniata, Pa .—Bond Sale.—It is reported that the borough
of Juniata has awarded the $11,000 of water bonds to Robin
son Bros,, of Pittsburg, at 100'60. The securities bear inter
est at the rate of 5 per cent, payable semi-annually, and the
principal will mature in from fifteen to thirty years from
date of issue.
Lancaster, Pa.—Bonds D efeated. —At the election held on
February 16, 1867, the citizens of this municipality defeated
the proposition to issue $125,000 of water- works bonds.
Lewes, Del.—Bonds Proposed. —Dredging bonds of this
town to the amount of $30,000 are under consideration.
Lincoln, Neb. — Bonds Illegal. — Action was recently
brought in the Supreme Court of this State to prevent the
issuance of certain bonds of this city, because the same had
been made payable in gold. The Court decided that the bonds
were illegal on a technicality, but did not touch on the val
idity of bonds payable in gold.
Marielta, Ohio.— Bond Offering.—Proposals will be re
ceived until 12 o’clock noon, March 8, 1897, by Carl Becker,
City Clerk, for the purchase of twenty 6 per cent bonds of
$940 35 each to be issued by this city. The securities are dated
Feb. 1, 1887, interest will be payable semi-annually, and the
principal will mature at the rate of $940 35 every six months,
beginning with Aug. 1, 1897. The bonds are to' be issued for
street improvements and no bid for less than par and accrued
interest will be considered. The present bonded debt of the
city amounts to $311,895; sinking funds, $20,042; net indebt
edness, $291,853. The assessed valuation (about 50 per cent
o f real value) is $3,850,000 and the population for 1896 is
estimated at 15,000.
.Massillon, Ohio.—Bond Sale.— On Feb. 15, 1897, the $8,000
of refunding bonds of this city were awarded to Dietz, Den
ison & Prior, of Cleveland, for $8,307. There were fifteen
other bids received.
Montgomery, Ala.—Bond Sale.—On February 15, 1897, the
$150,000 of paving bonds of this city were awarded to Sperry,
Jones & Co. of Baltimore at 103%. The City Council changed
the rate of interest on the securities from 6 to 5 percent. The
principal will mature in thirty years from date o f issue.
M oultrie, Ga.—Bond Election. —On Maroh 9,1897, the c iti
zens of this place will vote upon the proposition to issue $5,000
of 6 per cent twenty-year school bonds.
Muskingum County, Ohio—Bond Offering.—Proposals will
be received until 12 o’clock noon, March 1, 1897, by J. L.
Starkey, County Auditor, for the purchase of $25,000 of 5
per cent coupon bonds of this county. The securities will be
dated March 1, 1897, interest will be payable semi-annually
on the first days of March and September, at the County
Treasurer's office at Zanesville, Ohio, or at the Nassau Bank
o fN e w York City, and the principal will mature March 1,
389
panied by a certified check for $1,000, payable to the order of
the Muskingum County Commissioners.
The total bonded debt of the county, including this issue,
amounts to $481,000; floating debt about $10,000; total debt,
$491,000; sinking fund, $25,000; net debt, $466,000. The as
sessed valuation is $23,233,139, and the real valuation is esti
mated at $35,000,000. The population of the county is about
60,000.
Newport, R. I .—Bond Sale.—On Feb. 15, 1897, the $40,000
of bonds of this city were awarded to the Savings Bank of
Newport at 110-25 and $50 premium. The other bids re
ceived were as follows :
Lee, Higglnson & Co., Boston...................................... .. ...... 110-331
Estabrook A Co., Boston.........................................................110-270
E. H. Rollins A Sons, Boston................................................... 110-159
E. C. Stanwood Si Co., Boston..................................................110-000
N W. Harris &Co., Boston.................................................... 109-590
Blodget, Merri t & Co., Boston................................................ 109-567
R. L. Day A Co., Boston ......................................................... 109-089
Prnvidence Institution forSavings......................................... 109-050
James W. LoDgstreet A Co., Boston........................................ 109-039
Dietz. Denison A Prior, Boston........................................... 108 399
W. J. Hayes A Sons, Boston....... ...................... .....................108-330
Blake Bros. & Co., Boston ........... ....................................... 108-300
Farson, Leach & Co.. New York..............................................108-020
Abram White, New York........................................ ............... 106-100
The securities are dated Feb. 15, 1897, interest at the rate
of 4 per cent is payable semi-annually in gold, and the princi
pal will mature Feb. 15, 1927. The bonds are of the denomi
nation of $1,000 and were issued to provide funds for the
building of the new Harbor Park. The bonded debt of the
city, including this issue, amounts to $551,000.
New York.— Bond News.—The bill to exempt canal im
provement bonds of this State from taxation will come up
before the State Legislature for final passage on February
24, 1897.
New York, N. Y.— Bonds Proposed. —A bill has been intro
duced iu the State Legislature authorizing this city to issue
$2,500,000 of bonds, the proceeds of which are to be applied to
the construction of a library building which will contain the
Lenox, l ’ilden and Astor libraries.
Pierce County, Wis.— Bond Issue. —It is reported that
Pierce Ccuuty will issue $75,000 of refunding bonds. The se
curities are to bear interest at the rate of 5 per cent and ma
ture in twenty years from date of issue.
Pueblo, Col.—Bond Election. —It is reported that a propo
sition to issue >70,000 of park bonds will be submitted to a
vote of the people of this city.
(julnoy, III.—Bond Offering.—Proposals will he received
unnl two o’clock P. s i , March 31, 1897, by L. J. Harris, City
Comptroller, for the purchase of $314,000 of 4t£ per cent
bonds of this city. The securities will be dated July 1, 1897,
interest will be payable annually on July 1 at the office of the
State Treasurer in Springfield, 111., or at his fiscal agency in
the City of New York ; $300,000 of the bonds will mature at
the rate of $50,000 per annum from July 1, 1911, to July 1,
1916, inclusive, and the remainder, $14,000, will be due July
1, 1917.
The bonds are to be issued to refund $314,000 of the §372,800 of 6 per cent bonds of the city maturing July 1, 1897, the
remainder of the loan to be paid off. All bids must be ac
companied by a certified check payable to the city or by a
good and sufficient bond for 5 per cent of the amount of bonds
bid for. The sum of $50,000 is paid annually towards a sink
ing fund to retire the outstanding bonds of the city, and the
total indebtedness now amounts to $1,344,210, having been
reduced $578,431 since 1881. The assessment of taxable prop
erty in 1896 was $5,153,242, and the actual value about $35,000 000. The population of the city in 1890 was 31,494 and is
now estimated at 45,000.
Santa Crnz, Cal.—Bond News.— Charles E. Williams, City
Treasurer, reports to the C h r o n i c l e that this city is now in
litigation over its refunding bonds, which it refuses to pay,
claiming error in issue, fraud, and various other points. The
case will come up for trial in April.
Stamford, Conn.— Bond Sale .—On February 15, 1897, the
$75,000 of funding bonds of this town were awarded to the
New York Security & Trust Co. at 107-142 and accrued
interes*-.
The other bids received were as follows :
N. W. Harris A C o................................................................................107-129
E. H. Gay A Co...................................................................................107-070
E. H. K o UIds & Sons...........................................................................106-779
Dietz, Denison & P rior....................................... T......... ...................106-7228
George A. Fernald A C o......................................................................106-161
W J. Hayes & Son................................................................................ 105-870
W. O. Warren & C o........ .....................................................................105-170
E. O. Jones Co.....................................................
Norwich Savings Sooietv.................................................................... 104-660
R. L. Day A C o...................................................................................... 104-587
New Milford Savings Bank ($ 10,0 00).............................................104-480
E. B. Sheppard & C o........................................................................... 104 250
Farson, Leach A C o ............................................................................. 101-125
Blodget, Merritt, A Co ...................................................................... 104-037
Stamford Savings Bank ($10,000)................................................... 104 000
Blake Bros. A C o..............................................................................
102-570
Columbia Trust Co., M iddletown ($25,000)................................. 102 300
James W. Longstreet A C o............................. .................................. 100 039
Cushman, Fisher A P help s.......................................................... $79,447 56
8treet, Wykes A C o............................................... ............... $3,333 premium
The securities are dated February 1, 1397. Interest at
the rate of 4 per cent is payable semi-annually on February 1
The bonds will be of the denomination of $1,000, and are and August 1 at the office of the Town Treasurer and the
to be issued for the purpose of funding part of the floating principal will mature Febru try 1, 1927.
debt of the county. No bid for lees than par and accrued in
The denomination of the bonds is $1,000 and both prinoipal
terest will be considered, and all proposals must be accom and interest are payable in gold.
.105
&
THE CHRONICLE.
390
f t . total iodrMttia^-* of th<< town on January 14. 1ML,
« . .. *U3 ; «9and tin* 9it>bing funds amounted to $32,b65. The
awe,*, d valuation was $10,067,890. which ia about 50
* . r o u t 11 th- actual value of proper!? taxed ; the town owns
rral ptoiariv to tl»-value of $400,000. The present popula
tion it . rtimau d « SO.ItOO,
««m m *rvillc Ha.—'•Bowl Election .—The citizens of this
o t v v,i .
a* OP March 1, 1697, ou a proposition to issue
wnler-^fof k* bonds.
a v r . s , \. v.. Of,w h Defeated.—X. z. [liven, city
. rk i, svrts to the CHRONICLE that the OomtDOtt Council at
* - i;,-: urvvtiuc parsed a resolution against the proposition to
issue $310,000 of high-school bonds.
Ti(Tu>. Ohio.—Oc ■ f Sale —Extension bonds of this city to
th. -n-tiunt of $19,500 bare been awarded to C. S. Bretz, a
’ ■ i 1 i k-r, st a premium of $1,224. The securities bear inr, rrat at the rate of « per cent, and the principal will mature
ia ten years from da<e of issue.
Toledo, Ohio.—Bond Offering.—Proposals will be received
until 7:db oVh'bk I*, m .. March 8,1897, by H. W . Compton,
Clerk of the Hoard of Education, for the purchase of $90,000
of - p> r cent school bonds of this city. The securities will be
dated March 8. 1897; interest will be payable semi-annually
at the Importers & Traders’ National Bank of New York
itv. and the principal will mature thirty-two years from
date of issue. No bid for less than par and accrued interest
will be received, and all proposals must be accompanied by a
certified check or an amount of money equal to 5 per cent of
the amount bid for. The bonds wili be of the denomination
of $! ,000, and are to be issued to provide funds for the im
provement of public school property.
Tremont, Pa .—Bonds Defeated.—The citizens of this bor
ongh have defeated the proposition to issue bonds for the p u r
chase of an electric-light plant.
Cnionvilie Eire- District.. Conn .—Bonds Proposed, —It is
reported that this district proposes to issue sewer bonds to
the amount of 820,000. The loan, if authorized, will bear
inter, -t at a rate not exceeding 5 per cent, and mature in not
more than tw enty years from date of issue
N E W
N E W
LO A N S.
^ 4 2 3 ,5 0 0
C ity
of
[V o l . LX 1V ,
Ulster County, N. T.—Bond Sale.—On February 1 (1, 1897,
the $75,000 of 4 per cent refunding brads of this county were
awarded to the Ulster County Savings institution at 106*46.
The securities are dated March 1 , 1897; interest is payable
semi annually on the lirst days o f March and September and
the principal will mature at the rate of $3,000 yearly from
March 1, 1898, to March 1,1923, inclusive. The denomination
o f the securities is $ 1,000, and they are exempt from ail taxa
tion.
Upper Sandusky, Ohio .—Bond Offering.—Proposals will
he received until 12 o’clock noon March 8, 1897, by A, F,
Leser, Village Clerk, for the purchase of $7,000 of 6 per cent
bonds of this village. The securities will be dated April 1.
1897, interest will be payable semi-annually and the principal
will m-iture April 1, 1905, both principal and interest being
payable at the Ninth National Bank of New York City. The
bonds will be of the denomination o f $1,000 and are to be
issued for the purpose of refunding certain loans maturing
April 1. 1897. No bid for less than par and accrued interest
will be considered.
Valentine, Neb.—Bonds Proposed.—It is reported that this
city proposes to issue bonds to the amount of $10,000 for the
erection of a new school-house.
W ellsbnrg, W. Ya .—Bond Call, —Notice has been given
that bonds of this town dated Novembrr 21, 1885, and num
bered from 29 to 35 inclusive, each amouuting to $500, have
been called for payment, and will be red-emed upon presenta
tion at the bank of Wells burg.
The securities will cease to
bear interest after February 20, 1S97,
W hite Plains, N. V.— Bond Sale.—Firson, Leach & Co.
have been awarded $17,000 of bonds of this town at 103'27.
W ilkinsburg, Pa .—Bond Sale.—Oa February 2,1897, street
improvement bonds of this city to the amount of $80,000 were
sold at 103T5. The securities hear internet at the rate of 4 ! »
per cent, and the principal will mature in twenty years from
date of issue,
York, Pa.—Bond Sale.—It is reported that this city has
awarded $40,000 of coupon bonds to Townsend, Scott & Son
atl02'075. The securities bear interest at the rate o f 6 per
cent, and the principal will mature in from ten to twenty
years from date of issue.
L O A N S.
N E W
LELAND, TOWLE & CO,,
B ra d fo rd ,
P a ,
BANKERS,
4 P er C e n t B o n d s .
W o r th in g to n
-M-sii.Ht
Will tie received by the underat the office of the Mayor of the City of Brad
ford, JR11setitfcm .& Michael Block, up to 5 o'clock
M.< M m c b i, IBP", for sale of Twenty-two ThouMuid
Hundred <£22,500} Dollars of the City
Bond* of i be City of Bradford. Pa., authorized to be
it*mid by ordinance No, 564 of sak city, and its
Tb»> Bonds are fs.fito for tea years, $10 000 for
twenty years, st0,600 for thirty years, i%. Interest
W E OFFER
enaed,
GEO. C. FAGNAN, Mayor.
110.000 City of Cleveland, Ohio, 4s,
120.000 Flushing, L. I., Cold 4s,
75.000 Castleton, N, Y., 5s,
225.000 Geneva, N. Y , 4s,
30.000 Phelps, N. Y., 4s.
&
FHtaT MOItOAGB. GOLD fit BONDS,
Bond IftMMN
snub, hijmmnjo
Thi* rr»«d h m Nw*n p»jr|n.k* iliridffluii offifon iU
stud twrrinvg about »:i for W m xm tiw ,
V tim ants tfWK'sjU oireaJar on. applieatlon.
E D W D . C . J O N E S
Ml CHKSTNCT STItKKT,
1'HII.A DiLPiiiA
MUNICIPAL
E.
C.
C O .,
80 BHOADWa V
n*k vv yo h k
BONDS,
S tan w oo d
&
C o.
HA M i KICK,
BANKERS
-
NEW Y O R K
MUNICH*A L, COUNTY* SCHOOL AND
TOWNSHIP, BONDS
BOUGHT
U 1 L a S a lle 8 t „
cm C A O O .
AND SOLD,
3 0 0 ,0 0 0
C L E V E L A N D ,
P r ic e on
FOB
N ew Y ork
S a v in g s
B anks
i ity of Cambridge, Mass.,
City o f Cleveland, Ohio,
PARK
•
4s
-
O H I O ,
BONDS.
Dated Oct. 1, 1 8 0 3 .
IN V E S T M E N T S
JBni" Oct. 1, 1923
A p p lic a tio n .
C . H . W H IT E
&
C O
,
BANKERS,
4s
A full description of either of these Issues, with
prices, will toe mailed on application..
? *Z B roa dw a y, New Y ork.
G O V E R N M E N T
a n d
10 nuiXlK STREET,
B O ST O N ,
James N. JBrown & Co.,
#
4%
E. H . R O L L IN S & S O N S ,
LISTS KENT r l ' d .N A T R L IC A T ID *.
8 4 Cedar Street*
5#
— 7»
BANKERS,
B ««T O K .
C o ,1
CINCINNATI, O.
M A S O N , L E W IS & C O .,
I I S ta te S t.,
&
Northwest eor, of Third and Walnut Streets,
F O R SALE BY
121 D e v o n s h ir e S t r e e t ,
BOSTON.
K le y b o lte
41 and 4 3 W a ll Street, New Y ork .
First Mortgage.
Herkimer Mohawk Hion
Frankfort Electric Ry,
PER C E N T
B A N K E R S
LEGAL FOE NEW Y0EK SAVINGS BANKS.
M uskegon, M i c h ............................. .
.South O m aha, N e b r a s k a ....... .
YORK
GOLD BONDS.
R u d o lp h
Axhland. Win. (G old)......... ..........-......... 5*
W est Chicago St. E E . (Tunnel)...............
$ 7 5 ,0 0 0
NEW
OF
DUE NOVEMBER 1st, 1916.
INTEREST PAYABLE JAN. 1st AND JULY 1 st,
Executors, Administrators, Guardians and other®
holding trust funds are authorized by an act of th©
New York Legislature passed March 14,1889, to in
vest in these bonds.
PRICE AND PARTICULARS ON APPLICATION
Each Md bust be net etnpanted toy a.certified check
SEND FOR CIRCULAR.
m the fam of ffied, to be forfeited toy the successful
bidder its
he fail to pay over the amount of his
bid upon notice awardtag sale of said Bonds to hto €hicagu O r a l 11a g e .......................... .
The right to reject any and all bids is hereby re Den Moines? Ia . (S chool)... . ..... .
A» D, SIX)AN, City Controller.
C IT Y
3K
B u ild in g , B o s t o n .
L O A N S.
.
.
.
.
M ASS.
S A F E IN V E S T M E N T S .
SE N D
F O R
M U N I C I P A L
B O N D S
'B o u g h t a n d S o ld .
L IS T
C ity and C o u n ty B o n d s. N. W . H A R R I S & C O .,
B A N K E R S ,
D IE T Z , D E N IS O N & P R IO R ,
35 C O N G R E SS S T R E E T , - BOSTON*
lO fl S u p e r io r S treet, C lev ela n d , 0*
CHICAGO.
1 S W A L L STREET,
BOSTON.
N E W
Y O R K .
STATE
A N D C IT Y
DEBT
o f our State
and
Bank o f the R ep u blic; on the Park bonds at the National Bank
o f Commerce. Interest on all other bonds Is payable at the National
Bank o f Commerce, N. Y ., or at the office o f J. S, Morgan A Co., Lon
don, a t the option o f the holder; on the bonds payable in S. sterling at
th e National Bank o f Scotland (Lim ited), L ondon, OTin United States
gold dollars at the rate o f $4-8665 for the pound sterling at the National
Bank o f Commerce, New Y ork, at the option o f the holder.
CH AN GES.
W e s u b jo in r e p o r t s a s t o m u n ic ip a l d e b t s r e c e i v e d
th e last p u b lic a t io n
391
THE CHRONICLE,
FEBRUARY 30, 1837.]
Cit y
s in c e
Su p p l e m e n t .
S o m e o f th ese r e p o r ts a re w h o ll y n e w a n d o t h e r s c o v e r ite m s
o f in fo r m a t io n a d d itio n a l t o th o s e g iv e n in t h e S u p p l e m e n t
a n d o f in te r e s t t o in v e s to r s .
T O T A L D E B T , SINKING FU N DS, E T C .-T h e subjoined statement
Little Falls, N. Y.—Timothy Dasey, Mayor. The follow shows St. L ouis’ s total m unicipal debt and the water debt, included In
ing statement has been corrected to February 1, 1897, by the total, on the dates indicated.
1897.
1896.
1893.
means of a special report to the C h r o n i c l e from H. W .
Feb. 1.
April 13.
A pril 10.
$20,647,711
$21,376,021
Total bonded d ebt............... $20,352,278
Water, debt includ ed ..........
5,808,000
5,808,000
5,808,000
Under the charter the M unicipal Assem bly m ust appropriate $1,200,000 annually, with which to pay debt and the interest thereon.
That portion o f each annual appropriation not required' fo r the p a y
m ent o f the interest constitutes the sinking fund fo r redem ption o f
the debt existing April 7 ,1 8 9 0 , and bonds Issued in renewal thereof.
On the basis o f renew ing the c ity ’s bonded debt at 4 per cent, the debt
fo r whioh this sinking fu nd was established w ill be extinguished in
1927. The sinking funding on A p ril 1 3 ,1 8 9 6 , am ounted to $84,598.
W a r r e n , C ity C le r k .
T ax valuation, personal $227,900
Total valuation 18 97.. 1,392,703
Assessment is 25% actual value.
Total tax rate (per $1,000) $63-81
Population in 1890 w as— 8,181
Population in 1892 w as— 8,783
P opulation in 1896 ( e s t .)...l l ,0 0 0
LOANSBchool (list, loan, 3%%
$18,000
(81,000 due annually.)
Floating d ebt...................
13,000
($3,000 due annually.)
Total debt Feb. 1 ,1 8 9 7
31,000
W ater debt (additional)
293,000
Tax valuation, real......... 1,164,803
St. Louis, Mo.—C. P. Walbridge, Mayor. The following
statement has been corrected to February 1,1897, by means of
a n official report to the C h r o n i c l e from Isaac H. Sturgeon,
Comptroller.
The city aDd county were merged in 1877, the city assuming
the county’s debt.
C IT Y P R O P E R T Y .—The oity ow ns its water w orks, the revenue
from which for water rates, perm its, etc., fo r the flsoal year 1895-96
was $1,312,378 and operating expenses and cost o f collectin g w ater
rates w ere $473,250. F or the year 1892-93 the revenue was $1,235,933;
net operating expenses and costs o f collecting water rates, $416,824.
F or 1893-94 the corresponding amounts w ere $1,251,301 71 and
$441,924 21, and for 1894-95, $1,266,513 05 and $493,647 68. In addi
tion to the w ater works the oity owns its hospitals, insane asylum s
and poor house, oity hall, court house, ja il, house o f correction and
work house, engine houses, markets, polioe stations, parks, etc.
4s,g.A & 0, £ 2 57.0 00g .0ot. 1,1913
4s,g. J&D, $2 ,000 ,000 g.ju n el,19 14
4 b , g. J&J. l,985,000g..luly 1,1918
3-65B,g.J&D,2,844,100gJ’ e25,1907
3 65s,g.M&N,975,OOOg.May 1,1915
3-5<J«,g.F&A, 275,000g.A ug.l,1919
3-50s,g. J&D, 12,OOOg.J’ne 2,1920
L O A N S .—
When Due.
G as Co . J udgment —
4s,g, J&D, $950,000g. June 1, 1905
P u r c h a s e B lo c k 121—
6s, A&O, $2 45 ,0 0 0 ...Apr. 10, 1906
R en ew als—
6s,g. J&D, $593,OOOg.June 1, 1898
Tow er Grove Park6s,g. J&J, 675,OOOg.Jan. 1, 1899
5s,g. J&J, 476,000g.Jan. 1 ,1 9 0 0 68, g F&A, $340,000 g.Aug. 1 ,1 898
4s,g. F&A, 620,OOOg.Feb. 2. 1905
ST. LO U IS COUNTY BONDS
Subject to call at any time.
ASSUMED.
.
4s,g. A&O, $1,559.OOOg. Ap. 10,1908
P a r k P u rposes—
4s,g, MAN, £ 5 1 3 ,200g... Nov. 2,1911
4e,g.M & N .$l,155,OOOg.Nov.l,1912 6s,g. A A O ,$ l ,900,OOOg.Apr. 1,1905
S O L D B O N D S .—A ll the oity's bonds are payaole, principal and in
terest, in gold, except the $245,000 6s issued for purohaseof Block 121.
IN T E R E S T on all bonds Is payable In New York City—o n the Tow er
Grove Park 6s, and on the Purchase o f Block 121 6s, at the National
A SSE SSE D V A L U A T IO N .—The c ity ’ s assessed valuation (about
3-5 cash value) and tax rate have been as follow s in the year*
nam ed :
Beal Estate
.— Oity tax p e r $1,000— ,
Bonded.
and Personal
New
New lim it
Old
Debt,
Years.
Property.
in
April.
Limits. Increased Lim its
1896...........$341,087,650
$10 0 0
$13 80
$13 80 $20,647,711
1895.......... 324,375,000
10 0 0
13 80
13 8 0
21,024,711
1894.......... 310.341,850
10 00
13 80
13 80
21,196,711
P O P U L A T IO N ,—In 1890 p opu lation was 45 1,77 0; in 1880 it w as
350,518; in 1870 it was 310.864.
N EW LOANS.
N EW LOANS.
PUBLIC SECURITIES
$ 2 7 7 ,0 0 0 .
5*
SUITABLE FOR
GOLD
T e r r it o r y
o f
&
C H IC A G O .
Bankers & Commission Stock Brokers,
33
85
A r iz o n a ,
C o .,
D o r J a n . 13 * 1 9 4 6 .
(Option of payment after 20 years.)
2 W a l l S t.
D E N O M IN A T IO N
-
$ 1 ,0 0 0 .
In te r e e f p a r a b le J a n . a n d J u ly 1 3 .
W .
N .
C o le r
&
C o .,
Principal and Coupons payable a t the
Guaranty Trust Company of New York.
BANKERS.
For prices and particulars address
M U N IC IP A L
A. C. FR O S T & CO.,
B O N D S .
10S
34 N A SSA U
M il l s
S T O C K S . B O N D S AMD G R A IN
H pecial a tten tion g iv en to o u t -o f-to w s
a ccou n ts.
TRAN SACT
A
GENERAL
STOCK E X C H A N G E
NEW YO R K .
1 1 3 D earborn S t.
&
LA
SALLE
STREET,
BRO AD W AY. NEW Y O R K .
ST A T E S T R E E T . BOSTON .
B o u g h t and Sold a t 1-16 Com m ission.
(REGISTERED OR COUPON.)
D a te d J a n . 13* 1 8 9 6 .
L each
C H IC A G O .
INVESTMENT BONDS.
W .
J.
WHANN & SCHLESINGKEE
H ayes
B O N D S
DEALERS IN MUNICIPAL BONDS,
C leveland* O h io,
3 1 1 -3 1 3 S u p e r io r 8 t .
CabU Address, "KENNETH.”
7 E x ch an ge Place.
B O N D S .
'g u Q lu z e x s .
B u ild in g *
2
W ALL
STREET.
NEW
YO RK .
F.
J.
Picard,
C O N S U L T IN G
L O A N S
B lo d g e t,
M e r r itt
&
C o .,
BANKERS,
IN
T E X A S .
16 C o n g r e s s S t r e e t ,
B o sto n.
I b u p m I T P e r C e n t N o t.
NO
COM M ISSIO NS charged borrower
nntil loans h ave proven good
FRAN CIS S M IT H
or lender
STATE CITY
St
RAILROAD BONDS.
Sc. CO.,
SAW A N T O N IO . T E X A S .
THE W A L L 8T R E E T JOURNAL
OTree valsab toteform atlon daily on etoakaand b o n d !
I * a rear.
D o w , J o n s & C O „ u B road et. N . T
S on s,
BOSTON, MASS.,
M U N I C I P A L
16 State Street, B ou ton, K n it,
M O R T G A G E
&
Street R ailw ay B onds, and o th e r h igh -gra d e in
vestm en ts.
BOUGHT AND SOLD.
D e v o n s h ire
AND
BANKERS,
BANKERS.
M U N IC IP A L
B A N K IN G
BUSINESS.
A c c o u n ts o f Banks. B ankers an d Individuals
received on fa vorable term s.
N A T IO N A L B A N K R E F E R E N C E S F U R N IS H E D
U P T O W N O F F IC E , 1 1 3 * B R O A D W A Y .
W rite o r call f o r o u r “ 40Q*PAGE M A N U A L .” il
lustrated w ith railroad m aps, g ivin g co m p le te in
fo rm a tio n o f all R A I L R O A D and IN D U S T R IA L
properties, in clu d in g h igh est and lo w e st prices f o r a
series o f 10 to 80 years o f Stocks, B on ds, Grain and
O otton. and also th e m ethodR o f bu yin g and selling
on m argin.
STREET.
B lanchard,
Cable A ddress
RUDERATION, N. Y .
Haight & Freese,
BONDS
OF THE
LISTS MAILED ON APPLICATION.
F arson ,
D ong D istance T e le p h o n e ,
•’ l l * CORTLANDT.”
F U N D IN G
S A V IN G 8 B A N K A N D T R U S T
FUND8.
M IS C ELLA N EO U S .
A T L A N T IC M U T U A L IN S U R A N C E S C R I P
N . Y . S T R E E T B A I L W A Y BO N DS.
AUGUSTUS FLOYD.
33LPIN15 STREET. NEW YORK.
E N G I N E E R
C O LU M B U S, O H IO .
Examinations and Reports Made for
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties
REFERENCES
Jos.
O .
SE N T .
O sgood ,
M. AM. SOU. C. B„
120 B R O A D W A Y , NEW Y O R K .
R E P O R T S ON IN V E S T M E N T P R O P E R T IE D ,
Railroad Location and Construction,
THE CHRONICLE.
3B2
Bankers and ^tokens (Out
IS
V O IU T H
& Co.
A V K S I 'B ,
P IT T S B U R G , PA.
Mutant* or *a*
K*W YORK STOCK KXCHAN8R.
TMll.APKI.PIUA STOCK KXCUANGS,
nrrsBUBO mchanok cs mkmbkrs).
CIUCAOO STOCK RICHA NOR.
CHICAGO BOAHU OF TRAPS.
EASTERN.
Richardson & Clark,
STAHL & STR A U B,
2 5 E x c h a n g e S tree t,
118 S O U T H
F IF T H
P R O V I D E N C E , R . I,|
STREET,
BONDS, STOCKS AND LOCAL SECURITIES.
(D H .E X E L B U IL D IN G ).
S. D. Loring,
P H IL A D E L P H IA .
93
BANK. K B S.
E. W. Clark & Co.,
PENN.
BANKERS AND BROKERS.
No.
0088X 8 PONDKNTR
139 Sm ith F ou rth St.,
S T A T E S T R E E T , BO STON .
DEALER. IN
High-Grade Investment Securities.
S tr eet R a ilw a y B o n d s a S p e c ia lty .
P H IL A D E L P H IA .
Husk of No* York, N. R A.
M
Neuonal Bank of Philadelphia.
PITTIBYBQ,
BANKERS
INVESTMENT BANKERS,
N. Holmes & Sons,
P IT T S B U R G ,
Transact a general banking business. Allows
Interest on deposits,
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with
PA.
Whitney & Stephenson.
SOUTHERN.
BANKERS AND BROKERS
No. 57 F O U R T H A V E N U E .
Oldeit Pil.uburs Member* N. Y. Stock Bxchongo
J-P. ANDUE’ MOTTU & CO..
B A N K E R S AND B R O K E R S ,
N O R F O L K , V A .
SOU TH ERN
Edwards Whitaker,
IN V E S T M E N T S .
Whitaker & Hodgman,
BOND A N D STO CK B R O K E R S ,
Wilson, Colston & Co.,
3 0 0 N o rth F o u r t h S treet,
S T . UO U IS.
BANKERS
2 t6 E ast B a ltim o r e S tr e e t, B a ltim o r e .
Investment and Miscellaneous Securities a spec
ialty, and whole issues handled.
Exceptional facilities for dealings in all classes of
Southern Bonds. Loans on Collateral Securities
negotiated.
John W. Dickey,
C H IC A G O , IL L S .
Member* New Totk Stock Exchange, Chicago
“-took Exchange and Chicago Board of Trade,
SOUTH ER N
ESTABLISHED IN 18S».
B A N K E R S
MORTGAGE BANKERS,
I2S LA SALLE STREET, CHICAGO.
i im Mortgage, for .ale In largeandemail amount*,
aavtlng tnve.iore S. :>H and 6 ner cent, tecurod by
Improved end Income-bearing Chicago city property.
Principal and Internet Payable In Gold.
S E C U R IT IE S .
AND
B A N K S.
B R O K E R S ,
R IC H M O N D , V IR G IN IA .
ESTABLISHED 1880,
Correspondence solicited and information fur
nished about Southern State, Municipal and Rail
road Investment Securities.
Reference—Bank of New York N. B. A.
C. W. Branch & Co.,
BANKERB AND BROKERS
State b ank building ,
CORRESPONDENCE SOLICITED.
R I C H M O N D ,
A. G. Becker & Co.,
V A .
Private wires connecting with Washington, Balti
more, Philadelphia, New York. Boston and Chicago.
New York Correspondent*: Messrs. Ladenburg
Thaimann & Co. and Lehman Bros.
(IkO O K K O R A T gn)
&
M
8 1 ,0 0 0 ,0 0 0
*200,000
Transact, a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS
F. G. Bigelow, Pres’t.
F. J. Kipp , Cashier.
WM. Bigelow, V.-Ptos’i . T. 33. Camp , Ain't Cashier,
F. E. Krueger, 2d A»s't Cashier.
San Francisco.
The First National Bank
UNITED STATES DEPOSITARY.
SU50.060
S. G, Murphy , President, JAs. K. Lynch, Cashier
Ik Mia Mov/ itt, Y.-Prei., J. K. Moffitt, A»t„ Caab
General Banking Buitneii. Aooonnti Soltolted.
Canal Bank ?
C IN C IN N A T I.
k a so n g o o d
C A P IT A L ,
SU R P LU S,
Capital, 81,300.000 ISnrpln*.
SAVANNAH,GA.
BOND AND STOCK BROKER.
Real EBtate Loans.
164 La Salle St, Chicago, 111.
F IR S T
N A TIO N AL
BANK
OF M IL W A U K E E .
O P SAW PRAJNCISCO, C A L .
Austin R. Myres,
COMMERCIAL PAPER
S
Transact a General Banking Bnelne*.
Collections given Special attention.
Davenport & Co.,
STREET
Loeb & Gatzert,
Ladd & Tilton,
P O R TLA N D , OREGON.
A U G U S T A , G E O R G IA .
STO CK S— BO NDS,
Member. NewYork endChicago Stock Exchange*.
M IS C E L L A N E O U S .
BANKERS,
BROKER,
Jamieson & Co.,
Private wire ui New York and Philadelphia!
Charles Hodgman.
W illiam W ilson & Sons, Established 1802.
W ilson, Colston A Co.,
“
1887.
1 1 0 .1 1 7 LA S A l.L E S T R E E T .
Chicago, Ilia .!
S tock B rokers.
S T . L O U I S , H O .|
Members of Baltimore Ftock Exchange,
A. O. Slaughter & Co.,
and
305 P IN E S T R E E T .
P IT T S B U R G H , PA.
C H IC A G O .
B ond
Street Railway Securities a Specialty,
In v e stm e n t B r o k e r s ,
T . Mellon & Sons’ Bank,
GENERAL BANKING, COLLECTION*,
INVESTMENTS
S T . L O U IS .
J . E. Crawford & Son.,
g p rA B U K H E D 1ffTL
1ST O K A R B O R K
l x iv .
Hew T)ork.
PHILADELPHIA.
P IT T S B U R G .
Henry Sproul
of
[you
a y e r
,
•, W, Corner Third and Walnut Street*,
CINCINNATI, OHIO.
A
A
K
t i a
X
C
,
BANKERS,
18
W ALL
STREET,
NEW
PORK
M U N IC IP A L B O N D S .
E.tabllahod 1 8 6 3 .
Stab-fir* del ■. <• #jMf. Town and School Bondi, MEMBERS OF NEW YORK STOCK EXCHANG
« .a w 1 in le a d in g r r «t* ••••>• S t a t e , o f t h e D n lo m
Allow interest n deposits subject to night ghee*.
•.oeeiaiiy »d*!.-.-.> i - « f « and penoeoenUnreel^
Huy and sell on commission stocks and bonds aitber
m « n f o r tta ta tce a o d T m e t F u n d *.
for cash or on margin, and deal in
Irw in , E llis & B allm an n ,
BANKERS AND BROKERS.
Deal in C incinnati Bonds.
N.-w Ne. 37 Eaat Third St.. Cincinnati,Ohio*
Investment Securities.
H , J. Mo r s*. C h a s. D . Ma
r t i*
.
W . M . Kid d e r .
R. T . Wilson & Co.,
BANKEBR AND COMMISSION MERCHANT
33 Wall 8 treat, New Yerk
NEW
ORLEANS, IA .
(Successor of N. 0. Canal & Banking 0o*>
C A P I T A L , S I ,0 0 0 ,0 0 0 .
J, C. MORKIB, President, EDWARD TOBY, YlcePres, EDGAR NOTT, Cashier.
Correapondents—National City Bank. National
Bank of Commerce, New York; Boatmen’s Bank,
St xyouis; N. W. jstational Bank, Chicago; Meronants’ National Bank, Boston.
B a n k and T r u s t C o m p a n y S to cks
N e w Y o r k and B ro o k ly n
BOUGHT AND SOLD.
C L IN T O N
G IL B E R T
a W A L L S T ., N E W Y O R K ,
@FedFRASER