Full text of Commercial and Financial Chronicle : February 22, 1896, Vol. 62, No. 1600

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

HUNT’S MERCHANTS’

MAGAZINE,

g k tt? £ p a p H ,
R E P R E S E N T IN G T H E IN D U S T R IA L A N D C O M M E R C IA L IN T E R E S T S O F T H E U N I T E D

ST A T E S *

[E ntered a ccord in g to A ct o f Congrees, la the y ear 1890, by the IfU L U K B , D aha Oo m p a h t , la the offlee o f the L ibrarian o f Congress,]

YOL, 62.

SATURDAY, FEBRUARY 22, 1896.
-....................—

NO. 1,600.

■~7=
Week ending Ftbrtmry 15.

3 * h e

C h c o w ic le .

CUarinos at—

Terms of Subscription—Payable la Advance:
f o r One Y e a r ....................................................... .....................$10 00
F or S ix Month*...................................................................... .
6 00
European Subscription llnoladlng p osta g e)...................... 12 00
European Subscription S ix Month# (Including pontage).
7 00
A nnual Sabeorlptlon In L ondon (tnoloiltog p o r t a g e )....* 2 1 0 # .
Six Moe.
d o.
do.
d o,
----- X ilO a .
The rnvM TOM ’ M m a M n n r will be futnluUed without extra charge
So every annual eabaerlber o f the COsatBJWtM, a s d F a u x c u L
C bkokici.k.
The St a t s Atro C ir t SlKm .s*Bsre will » l» o ws furnt»hed without
extra charge to every enbsorlber o f the C iibosticus.
The SWBBT B a i w a t S c w l k u b x t will likew ise be furnished with­
o u t extra charge to every •atNKnrltwr o f the OnaosuoUK.
The QtroTATio* SorPCBXksrr, (**u «l m onthly, will alao be fa rn i.h ed
without extra charge to every subscriber o f the CKSOXtCUL

Terms of Advertising—(Per Inch space).
O a e tlm e ................................ S3 SO | ThreeM ontha (13 tim e*).. *25 00
One Moath
(4 tim e#).. 1 1 0 0 Six Montha
(28 «
V.. 4 3 0 0
Tw o Month#
(8 "
1 . 18 00 (T w elv e Months (S3 “
58 00
(The above term * fo r one m onth and upward are to r (la n d in g card#.)

New Y o r k .......,* ,
P h ila d elp h ia ......
P i t t s b u r g - ..... . . . .

w il h

tn

« . o A .v .t c o n p i s r , p i u i i k a n ,

1*1 n e S t r e e t , C o r n e r o f l * e » r l S t r e e t ,
fO *T Q m c * BOX 058.

MEW Y O R K

WaShtAirtuts’ IIl” ,
Rochester*..,, ....

L h u . tp*

W ilm ia g t€ > a „,.,..,

1895.

060.770.658

New H aven.....

Spsingseid........

W o r c e s t e r ...«

ums.mi

P o r t la n d ,....... .
r a il H i r e r . . . . . . . . .

L ow ell................... .

Total Hew Bag..

Per Cent

& 33S

441,610

!• « ,
u«M,m
713 700

n M xm t
11,829.550
0,049.784

iS M R
457, im

S3®

8 t o u F alls,,.....
Total Pactae,,,
Ran#** City,...,*
Minneapolis.,..,..

Hew York..............................
Boawn . ..........-— - .................
Fhlladeipki*...........................
Balslm er*.............................
Obl«**o ....... ............-............
81. Lent, ................................
Hew Orleen,.......... ..............

#524,806,705
«#,884,S76
57.502.774
11,408,083
68,761,514
12,349,065
8,345.581

*302.322,083
47,305,879
30.457.944
7.246.408
55,055,316
14,364,407
5.770.453

+73-6
8-45*6
. Paul
T*31
c a r e r ..... ..........
457-4 St* J o s e p h .....,,,.
4 3 4 9 Dcs M oines.. . . . . . .
Slew* City..........
+ 3 4 0 Lincoln.
+44-6

Berea Kitten, 5 Oar*
Other cittern, 5 day#................

#753,978,090
128.470,288

647I.61d,40d
Ul,017,24ft

JSni
4*32 4

Total allsjttS**, 5 days...,
Xlleltlea, 1 «a y ......................

*882,458,228

#S0S,6*0,063
154.0SO.S15

+5S-S
-100-0

Total AU eMas for week .

*882,458,238

*722,606.470

8~J.0JS.345

103,083,001
B 8 8

074,017

1.4*9.007

1.301,356

1.25*1,008

ism :m
HMM&
ia«\ m
ieimjm
* « ?

? fp S

'm m r a

488,765

81.818 480 ULoeo.m

72.278,8*9
+VI
4tr<*
-12*2

2,6*6,200 8

IS
s
165.71*

Toledo*....

S e a tt le ..,.....,, ...

799,172

279,700
514,827,014

+ U7I

Spnogtleid, Ohio...

Tacoma... ...........

766.4 Hi

379.127

178,63*
28>2.(MS

U * Angeles.......

4.400,11#

2,888,501

570,611

5S06.OOO

H elena.

15.tfS3.401

76,»9S,3i5
1 3 .i 93 .as5

L879.502
h e x ;

Akron
Bay C ity .........

P o r t l a n d . .. .. . . .......

m
ss
3,474.907

5*36,415

S$?S

t&iMt

Tot, Mid. West’s-

7M.781.M3

1,203,953

&4&.i*W,77b

Grand Rapid* .
L exin gton ..
' ' r.lnawt..

8*a Francisco......
Kait Lake City.....

430,737.140
52.Od9,O30
1,481,886

UTsum
756,415
013.2*9

W ilhjm

I: «

D ayton*.,..

1803.

s i s

KmiMto
Columbus..... .
Indianapolis ...
P eoria...... ...

457.SW2.320

1894.

,251
4,76$O0O

;t o n . ,.. .. . . . . . . .

—14*4

-ir o

If,471.MO

05,881,878
15.4*3.450

HRH&
r. :

3,412.700

320.101

'E M

ms

7.004.347

iS:3
893.S56

I. <W,500

+27*0

tk

4-17-3

210,000

n
180.4 H

390,021

104.861,403

140,765,796

13,831,468
1.060.193
822,779
965.601

15.480,321

'am

142,421
114.0*"'

**U50*

61 <MHB

Fargo...

Wt4k Endin4 Febrimr# 2S.
199B,

mToo

Bingham ton.........

“ ‘ n e...............

CIXASUVO*.
rictunu bv Ttitgrtvh.

7*2.769

Scranton..*..........
Total M iddle.....

>^Su

ajsmj^x

Syracuse.

Canton-,...

The follow in g table, made up by telegraph, etc., indicates
that the total bank clearing# o f all the clearing house# o f tho
United State# for the week ending to-day, February 22, have
been t3S8,4».IW , against $970,«2AA?6 last week in d (722,.
606.470 the corresponding week o f last year. The totals to
both years cover only Bye business* days, W ashington’s Birth­
day having intervened.

005,730,367
i M umkki

R o c k f o r d ,. . . . . . . . .

CLEARING HOUSE RETURNS.

1895.

Baltimore..--------

London Agents:
Meaara. E d w a r d # tk S m ith . 1 D raper*' Gardena, E. G „ w ill tak e anbvariptloo* and advertlaem enta, and aupply tin g le e o p le e o f the paper
a t 1 * .each.

vm .

Si,715

—m tm

9AmAm
I S

!

W « 7

W t ::::::::::::

“

+53d

The fa ll details o f clearings for the week covered by the
above statement w ill be given next Saturday, W e cannot, o f
course, furnish them to-day, bank clearing# being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last tw enty-four hours o f the week have to be
In all cases estimated, as we g o to pres# Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, Febru­
ary 15, are given below, and we also present the results for the
corresponding week in 1895, 1894 and 1893. In comparison
with the preceding week there is a loss in the aggregate
exchanges o f about thirty-six and a half million dollars, but
at New York alone the decrease is only eleven million*. Con­
trasted with the week of 1895 the total for the whole country
shows an increase o f 15*5 pur cent. Compared with the week
o f 1894 the current returns record an excess of 21 per cent
and tho iosa from 1893 i# 28 "4 per cent. Outside of New York
the gain over 1895 is 8 2 per cent. The excess over 1894
reaches 11*3 per cent, but making comparison with 1993 the
lose i# seen ro be 18-7 per cent.

Fremont........

H a s t in g s .... . . . . . . . .

Daren p o rt* .... ...
Tot. other West.

St. Lou Is...
.New Orleans....,..,
L oulsrille..........

Galveston.... ........
H ouston............
S araim ab-.., . . . . . .
R ic h m o n d ...... ... .
M e m p h is ............
A tla n ta ......... ....
Dallas............... .

N a s h v ille .............

N orfolk...................
W a c o .,,.................

F ort W o r t h . . . . . . . . .

Augusta. . . . . . . . ...

Birmingham,,......

Little R o c k .........

Jack son Hite.... ...
C batten on**... . . . . .

Knoxville*.... ........
Total Southern..
Total a l l . ... ........
Outside N. York.

Montreal.............. +.

Toronto.. . . . . .......
H a lifa x...«M.
W innipeg..-............
II am Hio n .... . . . . . . .
Total Canada.....

* Met ifialu ied in totals,

t P»bHo*tlrm suspended for the present.

\m m

t il

810,070

isj.ias

340

THE CHRONICLE.

[VOL.

LXlb

significant and important, out tlie report of cne com ­
mittee which had been investigating the subject and
THE FINANCIAL SITUATION.
upon
whose recommendation the resolution was adopted
It was Btated yesterday, semi-officially, that about
is
a
very
able document. It furnishes a clear exposition
$80,000,000 had up to that date been paid on the bond
of
the
railroad
situation and also demonstrates how
account; that of that amount about $52,000,000 was
close
is
the
connection
between the railroad industry and
received through the New York Sub-Treasury and
about $28,000,000 through other sub-treasuries and the general range of industries in the United States. The
i-he depositary banks, leaving about $31,000,000 still Committee observe in their report that the new Joint
unpaid. The total of these payments at the New Yrork Traffic arrangement has now been in operation more
Sub-Treasury and the daily withdrawals reported, than a month, and has apparently worked for the mu­
including $5)0,000 withdrawn for shipment to Bueno3 tual interest of the public and the railroads. Tney
Ayres last week, and amounts taken from the Assay well say that rates may be too low as well as too high,
Office in the form of jewelers’ bars, have been as follows and that the public interest is best served by reasona­
daily. We add a column showing the net increase of ble, uniform and stable charges. They do not consider
the Government gold holdings by reason of these that there is any danger in this country of excessive
charges for transportation. Seventy-six hundredths o f
transactions.
a cent will to day pay for as much transportation over
Payments.
Withdrawals.
Wet increase.
February 8 ........ $10,609,640-24:
$ 1 15,500
$10,4 9 4 ,1 4 0 -2 4
the railroads as could have been obtained for 3 -0S cents
February 10........
8,8 6 9 ,5 2 4 15
2,3 8 1 ,0 0 0
6 ,488,524 15
The Committee make a good
February 11......... 6 ,7 74,716-33
93 3 ,3 0 0
5 ,8 41,416-33 twenty-eight years ago.
February 1 3 ..___
6,984,741*35
1,2 7 1 ,6 0 0
5,713,141-35 point when they say that “ this reduction, amounting
February 14.........
4 ,4 95,369 88
1,5 6 7 ,4 0 0
2 ,9 27,969 88
February 15......... 3 ,5 7 3 ,3 3 1 -0 7
200,000
3 ,3 7 3 ,3 3 1 0 7 to three-fourths of the average rate of 1865, has been
February 1 7 .........
6 5 4 ,5 1 3 -6 0
1,4 5 6 ,2 0 0
‘ 801,696-40 exceeded by that in price of but few even of those arti­
February 18.........
737,9 6 7 -5 3
9 3 2 ,5 0 0
*194,532-41
cles in the manufacture of which new inventions have
February 19......... 6 ,6 88,583-26
633,000
6 ,0 5 5 ,5 8 8 -2 6
February 2 0 .........
1,418,109-58
1 ,0 99,300
318,8 0 9 -5 3
worked the most radical changes.”
February 21.........
1,000,000 00
4 5 0 ,0 0 0
5 5 0 ,0 0 0 00
Statistics are also given to show how unfortunate
*. ________ _______ __
__
Total............... $ 5 1 ,8 0 6 ,5 0 2 0 5
$ 1 1 ,0 39,800
$ 4 0 ,7 6 6 ,7 0 2 -9 5 has been the experience of the railroads— how num er­
ous and extensive have been the disasters among them
* Net withdrawals.
It is now thought probable that very nearly all if and what large numbers of roads are to-day bankrupt
not all of the payments for the bonds will be com ­ or in the hands of receivers; from which the con­
pleted by the time the next instalment of 10 per cent clusion seems fairly warranted that present rates are
is due, on March 2d, and that consequently the net not too high “ unless it is desirable to reduce all the
amount resulting from the sales can then be ascer­ railroad corporations to the condition of uniform
tained. From the facts hitherto disclosed as we inter­ and hopeless bankruptcy.”
The committee urge
pret them we continue to think, as we stated in our that shippers should co operate with carriers, and car­
article (page 296) last week, that $130,000,000 is a riers with shippers, to maintain reasonable, uniform
fair minimum estimate for the gold reserve as it will and stable rates of transportation, and to this end
stand when all the payments and withdrawals have they invoke a fair trial of the Joint Traffic Associa­
been effected.
tion. The report was signed by F. B. Thurber, Seth
Last Saturday’ s bank statement showed a loss of E. Thomas, John A . Elm endorf, Charles H . Patrick
$7,142,500 specie and a gain of $3,844,200 legal and Oscar S. Straus. Both the report and the reso­
tenders, making the net decrease $3,298,300.
Of lution were unanimously adopted. More than that,
course this is not the total but only the week’ s
copies were ordered printed for distribution.
average. Nevertheless it was a remarkable statement, it Our readers will perhaps remember that the Joint
being a result reached in face of the large payments into 'Traffic Association is the body agiinst which suit has
the Treasury on account of bonds, which payments been brought in the name of the D nited States at the
were well distributed through the bank week. Even the direction of the Inter S:ate Commerce Commission.
bank statement yesterday (it being made up Friday I g is also the body against which certain politicians in
because of the holiday to-day), which, with last week’ s and out of Congress have been inveighing with so
statement, ought to cover almost all the payments into much vehemence. In view o f the demonstration of
the Sub-Treasury made at this centre, shows a loss of public opinion afforded by the report and action here
only $6,437,500 specie and $2,579,400 legal tenders- referred to, there is reason to think that these p oliti­
Take the two weeks together and there is a loss of cians will wake up some day to find that they are bark­
actual reserve of only $12,315,200 during a period ing up the wrong tree.
when the net payments into the Sub-Treasury have
The annual report of the Northern Central Rail­
been say $41,000,000. This can be explained in no way has been issued thi3 week, and we need hardly
other way than on the assumption that the largest siv that the character of the exhibit is favorable.
subscribers for the bonds had an accumulation of gold The company earned its 7 per cent dividends even in
outside the banks which they turned over in payment, 1894, when the conditions were so strikingly adverse,
and that other subscribers borrowed the gold with and of course in 1895 the conditions were much bet­
which to make their settlements from other sources ter. The property is controlled by the Pennsylvania
of supply.
Railroad Company and Mr. George B. Roberts is
The advance of public opinion in the matter of the President of it. Coal is a very important item of
treatment of the railroads is well illustrated by the traffic with the road, and in 1894 this traffic had
action of the Board of Trade and Transportation this been reduced from a variety of
causes.
In
week in passing a resolution endorsing the new Joint 1895, however, on the revival of trade and the
Traffic Association entered into a short while ago by absence of strikes in the bituminous coal r e ­
the great east-and-west trunk lines and the other roads gions, the coal traffic was increased over a million tons
in the territory between Chicago and St. L ju isa n d — in exact figures 1,021,376 tons— or more than double
the Atlantic seaboard. The action is not only very the previous year’ s loss. Aggregate tonnage of all

10,000

THE CHRONICLE.

F ebbuabv 32, 1896.]

kinds (including coal) increased 1,596,544 tons (as
against 1,287,203 decrease in 1894), and from this it is
evident that there was considerable expansion also in
the other classes of freight. The total of traffic was
not as large as in some previous years, bat the figures
given are interesting as showing the extent to which
the road participated in the improvement ia business
that occurred. The gross earnings increased $474,767
as compared with the year preceding, but $364,403 was
added to the expenses, leaving the gain in net $110,364.
The company ia obliged to move freight at very low
rates, and the average for 1895 shows a further decline,
bringing the rate per ton per mile down to 5*61 mills,
which is, we believe, the smallest average in the com ­
pany's history. In face o f these low rates the income
account shows a surplus of $151,857 on the operations
of the twelve months above the amount required for
the 7 per cent dividends.
The new Erie Rtilroad Company ha3 issued its first
statement of earnings, the retnro being for the month
of December and showing $284,367 gain in gross and
$104,390 gain in net. Tne results cover the whole
system, including the Chicago & Erie. Tae Union
Pacificsystem for the same month reports a gain of $163,295 in gross and of $224,544 in n e t; and for the twelve
months of the calendar year that road has an increase
of $1,861,802 in not on a decrease of $321,327 in gross.
For January the Baltimore & Ohio has $130,510 in­
crease in gross, $20,373 increase in n e t; the Pittsburg
Cincinnati Chicago & St. Louis $118,738 increase in
gross, $34,715 increass in n e t; the X a siv ille Chatta­
nooga & St. Louis $80,795 increase in gross, $33,226
increase in n et; and the Mobile & Ohio $29,153 in­
crease in g r o " . $15,957 increase in net. The following
furnishes a four-year comparison for a number of
roads which have this week made returns.
Mmm 0Mm4r~I * * # %*$#&Wfstura..

urn
,*,,*«.**••*pJ2wm
S et

........... - .-(temmim Baimtmmims.,
»$ ,
sm »
m m jM
iw ®
a m **
u tjtM
t
f*\m t
iMuGti
ZiASi

WMt

r~ — - « — *j&wmrtt
w uk
tfm ,

0m m o f
B i i a w '4

Mm
...«$*•*
m%

Q*>m* .

M /m

m tjm
m »s*
m ,m

***£>»
tHA$7

iv « i
.*<*»«*t
iM-htti

7%7M

Hm
I#tnti«

Mm
m u *.Cm.cniri.* hi, u...... nrcmMm

i *ws.
t m .m
n^m

13, T I *

m u,
i
v » t*ss
*.m m
m t? n

i t 1,77*
im*itss
iimtm i

'
fW i.c n *
m 7,a.i
m m

n.nt*

V i,m
<m.Wt
itfjii*

Money on call, representing bankots’s balances, has
loaned during the week at the Stock Exchange at 3
and at 4 par cent, with the bulkof the business at 3] per
cent and the average at about that rate. Links and
trust eornpuiies quote 4 p ;r cs o t as the mini mum.
On time considerable money has bean loaned this week
at 4 per cent for four months on the new 4 per cents,
which have been put ia at 108 to 110. The business
has been largely for Boston and some for Philadelphia
account. Time contracts on Stock Exchange collateral
until yesterday were quoted a t 5 @ o ] per cent for thirty
to sixty days and 5|<§l6 per cent for ninety days to four
months. In this case the transactions were small, the
rates not being attractive to commission house borrow­
ers, who preferred therefore to obtain their supply in
the call loan branch o f the market. Yesterday some
money was offered at 4 per cent for sixty days and at
H Per cent f or four t0 8}x m0llth3. The de­
mand for commercial paper is fair, but it has not yet
resulted in lower rates, and quotations remain at 6 per
cent for sixty to ninety day endorse! bills receivable,
6 per cent for four months' commission house names,

341

6 per cent for prime and 7@S per cent for good four
to six months single names.
Aside from the advance in British consols, the finan­
cial features of the European situation have been few.
The Sultan has sanctioned a loan of £3,000,000 from
the Ottoman Bank and a French svadicate is said to
have offered to China a loan of £4,000,000. The Bank
o f England minimum rate of discount remains un­
changed at 2 per cent. It has stood at that figure for
two years, a reduction to this rate having been made in
February 1894.
The cable reports discounts of
sixty to ninety day
bank bills in London 1
per cent. The open market rate at Paris is 2 per cent,
at Berlin it is 2J per cent and at Frankfort 2§ per
cent. A ccording to our special cable from London
the Bank of England gained £687,170 bullion during
the week and held at the close of the week £48,797,575.
Our correspondent farther advises us that the gain
was due to imports of £225,000 (of which £205,000 were
from Holland, £5,000 from France, £5,000 from Aus­
tralia and £10,000 miscellaneous), to receipts from the
interior of Great Britain of £467,000, and to an export
to the Unifled States of £5,000.
Tne foreign exchange market has been dull, gener­
ally easy and otherwise without special feature during
the week. The dulnesa is claimed to bo in part due to
the fact that importers, through their inability freely
to obtain discounts of paper, are compelled to defer
settlements of maturing obligations. There are very
few commercial bills in the market, and those which
are received are mostly on contracts. The arbitrage
baying of stocks within the past few days is not
reflected in drawings of bills, indicating that the bay­
ing is chiefly for a local turn, and the current demand
for remittance by bankers is apparently easily satisfied,
lu the opinion of good judges much of the gold which
bas been obtained from Europe in connection with
the bond subscriptions bas been remitted for with bills,
leaving but little more to be settled. But unless E uro­
peans should buy liberally of our securities rates of
exchange will doubtless advance when the money
market entirely resumes its normal condition, so that
importers can obtain funds for the settlement of their
obligations. The market opened steady to firm on
Monday and Lizard Freres advanced their rates half a
cent. The Canadian Bank of Commerce on Satur­
day made a reduction of half a cent.
There
was no spsciil feature
during
the day and
at the close rates for actual busiaess were one
quarter o f a cant higher com pared with the close
on Friday, at 4 864 @ 4 8Gf for long, 4 8 7 ?@
4 88 for short and 4 88@ 4 88] for cable transfers.
There was no change on Tuesday and the market was
then quoted dull and steady, Oa Wednesday the tone
was easier in the absence of demand and rates for act­
ual business were one quarter of a cent lower at 4 8 6 ]
@ 4 86] for long, 4 8 7J @ t 87] for short and 4 87|@
4 88 for cabls transfers. Tae market was absolutely
featureless on Thursday and Friday and no change
was made either in nominal or in actual rates. Im port­
ations of gold during tho week were $1,420,000 from
Europe and $513,000 from Vera Cruz on Monday
and $135,000from Europeon Thursday aud $1,064,600
yesterday. The premium on gold demanded by the
bullion brokers fell to 5-16 @ 7-16 of 1 per cent on
Wednesday, but it reacted to ft @ ] o f 1 per cent
on the following day.
The following table shows
the daily posted rates for exchange by leading
drawers.

TEE CHRONiri.!

342
'-~vw

"

[VOL. IjXII,

-

FBI..
Feb. H F ^ T ir ,
Brown B ros---.. I sw h K 8:
j 60 days.
Barbus.
Mkgoun &Co. ? Sight...,
j 6o days.
Baute British
No. America.. J stem :...
j 60 days,
Bank o f
M ontreal. . . . . . ( Sight....
TOO days.
o f Commerce. Jsiglit....
Heidelbaoh, lekelbehnw &Co
too days.
mxd Freres.. 1 Sight....
5 60 days.
o f Canada...... 1 Sight....

i *

§*
874*
8)
$7%
89
8$
89
87
87
83%
$7%

89

FebU‘h .

8S«
§7 *

S"

8? %
89

S7«
89
87X

Sti

89

87H
SS5<
87
S8&

B7H
$314

$7X

87 X
89
$714
89

89
87 a
89

87
SSH

s-ms
87X
89
8 -X
89
87X

89
8?W
83t6
87
88^

87X

89
gjw

%
8*
■87«

S7W
89
8?M
SBjda
87
sm
87X
89

Sms
SIX

89
87]4

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

W*
87
8$X

89
gvjtf

Ftbriwy

Bank of

E n gla n d ......
France.. . . . . .
Germany .....
Augt.-Hung’y
S p a in ...,......
Netherlands.
Nat.Belginm.

20,1896.

|

Gold.

Silver.

Total.

£

£

48,797,575
78,070,220 49,670,962
33,803,800 13,307,200
24,796,000 12.712.000
8.004.000 10.110.000
3.050.000 6,849,000
2,641,333 1,320,637

j

lebrua^y

21,1895.

Gold.

Silver.

lotal.

£

£

£

£

48,797,575
127,747,183
47.011.000
37.508.000
18.114.000
9.899.000
3.962.000

37.502.178
80,024+00
39.429.000
16.333.000
8.004.000
4.425.000
3.464.000

37,502,178
49.618.0 0 135,542,000
10,105,ODD 55.534.000
13.738.000 30.086.000
11.840.000 19.644.000
6.929.000 11.354.000
1.732.000 5,196,000

The market closed easy on Friday at 4 87 @ 4 8 7i ToLthis week 199,162.928 94,475,829 393,638,757 195.181.178 99+57,000 294.838,178
Tot. ptev.w 'k 197,442,030 94,936,163 292,378.193 194,3' 6,022 99,500,833 293,806,855
for sixty day and 4 884 @ 4 89 for sight. Rates for
actual business were 4 8f+ @ 4 864 for long, 4 874 @
4 87f for short and 4 87f @ 4 88 for cable transfers. A PROPOSITION TO TAKE THE GOVERN Prime commercial bids were 4 85f- @ 4 86 and docu­
ME N T OUT OF THE CURRENCY
mentary 4 851 @ 4 85J. Mr. Worthington 0 . Ford,
BUSINESS.
the Chief of the Bureau of S ratistics this week issued
Mr. Charles N . Fowler, member of Congress from
the January statement of the country’ s foreign trade, New Jersey, and a member of the Banking and C ur­
and we give the figures below in our usual form.
rency Committee of the House, introduced last Satur­
F o b b i o s T a i n s -Mo v e m e n t o f t h e U n it e d S t a t e s .
day a bill which, according to its title, is designed “ to
In the following tables three ciphers (000) are in all oases omitted.
take the United States out of the hanking business,
t--------------■1894-95.1 8 9 5 -9 6 .Bxcest
Exports. Imports.
Exports.
Imports,
Excess.
refund the national debt, reform the currency, and to
8
$
$
t
M e r e li’ d lse* £
*
+4,548 improve our banking system.”
172,189 167,647
We do not need to say
July-8 apt.. . 171,092 200,407 -3 8 ,3 4 5
248.484 172,723 +V5.781
Oct.-Dec... . 256,933 » 0 0,688 + «0,*07
that
legislation
which
would
secure
those objects is,
67,548 + 13.682
87,108
6 1,603 4-22,505
81.28)
January....
above
all
things
in
a
financial
way,
desirable.
We do
501,803 4 0 7,918.+ 93,985
Totai. . .. . 525,103 474,676 +50,427
G o ld .
not
remember
to
have
ever
seen
a
bill
which
to
our
19,586
5,245 + 14,341
2.855 +35.101
37,959
Jaly-Sepi..
3,917
4-7.393 mind had so attractive a title.
3.699 + 27,716
11,313
F or very many years
Oct.-Dec... .
31.115
10.294
25,930
1,231 +24,693
10,563
+•272
January....
we have been struggling to attain just those ends. O f
56,829
10,393 +46.430
79,940
t o .s i s +03,092
T o ta l....,
course we have read the bill. W ho holding the views
S liv e r .
11.621
2,761
+ S.80O
114,768
3.899 + 11,039
July-Sept.. .
we do could fail to do that ?
3,275 E l 1,893
11,709 - 2,479
+9.230
Oct.-Dee,.. .
15,108
4,902
3,755
4-3,093
1,009
+3,893
662
January....
The first two sections provide for the appointment
5,902 + 2 1,183 by the President, by and with the advice of the Senate,
34,888
7,983 +26.855
27,085
T otal.....
G o ld in O re.
8
475
—467
15
231
—216 of four Ministers of Finance whose terms of office after
July-Sept..
37
—515
553
5
176
-1 7 1
Oct.-Dee...
the first appointments are to continue for a period o f
January....
5
-173
178
275
68
+207
50
1,205
Total.... .
475
—180 eight years with a compensation of ten thousand dol­
—1.155
295
S i l v e r in O r e .
lars a year. The terms of the first four ministers are
July-Sept..
64
3,050
—2.988
30
2,452
—2,422
277
3,959
-3,682.
2
Dot-Doc... ,
2,129
—2,127 to expire one each at the end o f two, four, six and
(January....
85
1,488
—1,353
975
—976
.... :
eight years, and two of said ministers are always to be
T otal...,. .
426
8,447
—8,Q21
5,556
-5 ,5 2 4
\
■32
chosen from each of the two leading parties. These
4- Excess of exports— Excess of imports.
officers, with the Comptroller of the Currency as chair­
We subjoin the totals for merchandise, gold and
man, are to constitute a Board of Finance and “ have
silver for the seven months for six years.
the supervision of all national banks in accordance
with existing rules or others that may be hereafter
Me r c h a n d is e .
0OLD.
SILVER.
Seven
Excess
established by them.” . The bill does not say that the
Excess
Excess
Ex­
Mos.
Im ­
Ex­
Im­
Exports. Imports.
Of ports. ports.
of
of Ex>
ports. ports.
duties, powers and supervision of this Board are to be
Exports
Exports
ports
eo-extensive with the Comptroller’ s under existing laws,
t
1
£
i
£
%
$
$
» "
95 96 525,103 474,676 50,427 79,990 I S ,058 6 1 ,9 3 7 35,264 ! 6,430 18,834 but we presume that is intended. Indeed the bill as
9 4 9 5 501,903 407.918 93+85 57.121 10,868 40,256 27,117 11,458 156 5 9
93-94 573.567 307,318 200219 7.349 0 1,940 *54,591 31,651 13,615 18,033 introduced is not in this and other particulars as full as
92-93 320,941 484.371 42,570 47,547 10,280 37,267 25,512 15,566 9,646
9 1 - 9 2 051,264 438.395 102869 8,873 42,216 *33,344 20,372 12.965 7,407 it would be if intended to form the basis of a report to
9 0 - 9 1 547,726 474,571 73,155 1 6,630 10,324
306 14,537 13.002 1,63
the House; for we assume it was introduced in a
somewhat
informal shape more as a suggestion for the
In the last table gold and silver in ore for 1893-94,
committee
than as a law complete in all its details.
1894-95 and 1895-96 are given under the heads respec­
The object of the foregoing is evidently (1) to form
tively of gold and silver; for the other years both are
a regulating body composed of men of high character
indued in the merchandise figures.
The following statement gives the week’ s movements and of good financial attainments to supervise currency
of money to and from the interior by the 1ST. Y . banks. arrangements ; (2) to clothe this board with a continu­
ing existence and power, so as to ensure experience, e f­
Received by Shipped by
Week Ending Feb. 21,1896.
Net Interior
ficiency and permanence; (3) to have a committee, as
N , F. *+ nfa. N. Y. Banks.
Movement.
it were, always in existence whose opinions and recom ­
C u r r e n c y ..,............................. . ... $5,931,000 $3,321,000
Gain.$2,610,000
Sold.................... ................
943,000
327,000 Gain.
616,000 mendations would be likely to have great weight with
Total gold and legist tenders....... $8,874,000 $3,648,000
S-aiD.$3,226,O0o Congress; and (4) to take the whole matter of cur­
Result with &ub-Treasury operations and gold im ­ rency out of politics. We are not claiming that the
arrangement suggested is the one best suited to carry
ports,
p!
out the ends specified. Discussion in committee and
Traffic As30crat.Kj.8M.
Into
Out of
Net Change in
in
Congress and out of Congress will help to determine
Banks.
Banks.
Bank Holdings.
the great east-and£6.874,000 $3,648,000 Gain.$3,226,000 that. A ll that it is necessary to say now is that the idea
in the territory be,!10' 6 53, POO,000 66,500,000 Loss. 13,500,000
underlying this proposal is very attractive, and if in
the Atlantic seaboard. 'TflTl.OOO $70,148,000 Loss. 10,274,000
practice it could be carried out so as to secure some

Febboary 22, 1890.J

THE CHRONICLE.

343

sucti results as we have mentioned it would serve an held.” These last words are unneedful and certainly
important purpose. If the country could have such a introduce a method for changing the character of the
supervisor? hoard, composed of intelligent men en­ reserve as made up at the start which is highly ob jec­
gaged in commerce, and therefore in touch with our tionable.
Although the currency provisions already described
industries, and so get this subject away from politics
and politicians, that alone would be a long step would not furnish a bank-note system responsive to
towards a satisfactory settlement of our financial em ­ trade requirements, and although the law is d efec­
tive in granting the privilege for the formation of
barrassment.
But the proposed bill by no means stops with the smaller banks than experience has proved to be wise—
appointment of the said board. That is merely a pre­ a minimum capital of $20,000 being authorized in any
liminary step towards carrying out the other provisions place outside of reserve cities— yet notwithstanding
it contains for making the reforms suggested progres­ these and some other features, there are requirements
sive. These reforms are looked for under the act in the bill as proposed which would prove to be of
through its features which provide for a bank cur­ great benefit. For instance, quite a clever way is p ro­
rency. This currency is of two sorts— ( l ) a perma- vided for gradually canceling the outstanding Govern­
ment kind and (2) an emergency device. The regu­ ment obligations. T o be sure, under its action the
lations with reference to the first are chiefly found in early cancellations might be slow, but that is desirable.
sections three, four and five. We shall not attempt to This movement would we assume for a time bestow, in
give every detail. It is only necessary to say that “ any that it would be limited to 30 per cent of the new circula­
national bank” or any “ other financial institution do­ tion. On the other hand wa are not permitted to
ing a similar busiuess,” or “ any number of persons ac­ doubt that the new notes would be more or less rapidly
cording to existing law,” m iy organize upon the terms substituted for all the national currency now in use,
and conditions specified. These conditions are— (1) since not being taxed they would prove much more
“ if the corporation ” shall deposit with the Govern­ profitable: and moreover as all State “ financial insti­
ment any United States bonds which at their market tutions doing a similar business” are permitted to or­
value shall exceed the capital of said corporation by ganize under the law, many of these would be likely
five per centum, the Government shall issue in lieu of soon to take advantage of the note privilege ; finally,
said bonds so deposited an amount of 2 pmr cent bond- inasmuch as Section 12 directs that after January 1
equal to sucn market value, both principal and interest 1897 (we presume this very early date is a misprint)
o f said new bonds being payable in gold ; (2) there­ the Treasury shall not reissue legal tender notes and
upon said new bonds shall be deposited with the Gov­ silver certificates, but that the notes and certificates
ernment, and circulation known as “ United States paid in shall be canceled, those forun of currency
Government bond n otes” shall be issued thereon to would cease to exist not long after the date the act
said corporation “ in an amount equal to its paid-up fixed for the repeal of the power to reissue.
At the close o f the section just cited is a provision
capital ” (that would mean to an amount equal to 95
per cent of the face of the bond) in denominations of for meeting these cancellations, except so far as they
ten dollars or multiples thereof. These notes are to be consist of the old legal tenders, without encroaching
fall legal tender, e x c e p t in payment of duties, “ which upon the Treasury revenue ; it reads that “ the United
shall be paid in gold coin ,” and are redeemable in gold States may put out an amount of silver coin equal to
coin when presented for payment at tho bank of the Treasury notes and silver certificates so destroyed.”
issue.
Of course as soon as the silver certificates were can­
We should add that besides the foregoing it is pro­ celed the dollars would be free without this enact­
vided, with reference to this class of notes, that any ment. Hence the clause simply means that n o much
corporation, when it deposits United States bonds as of the stiver bullion now in the Treasury wuich wa*
described above, must also deposit United States legal bought with the Treasury notes may be turned into
tender notes or gold certificates of a sufficient amount silver dollars as may be required to redeem the Treas­
to make its total gold holdings equal to eighteen per ury notes which may be at that time still ou'.gc adding.
cent of its deposits; and must likewise deposit Trea­
Another desirable featare of the propped act is that
sury notes and silver certificates to an amount which, the smallest denomination named for th^ss “ Govern­
with the silver coin held by said corporation, shall ment bond notes” is ten dollars. The issue of the
amount to twelve per cent of ita deposits ; that for the other class of notes the act proposes, which we have
notes and certificates so deposited the Government shill called emergency notes, is prohibited below five d olreturn to the corporation corresponding amounts of ars. The object of these restrictions no dount is to
gold coin and silver coin. The result of it all will make room after the retirement of the silver certifi­
be that each institution will have at the start cates for the circulation of silver dollars. We already
(1 ) on deposit with the Government 2 per cent bonds have coined 423£ million of those dollars, a id r.ne pro­
for an amount five per cent in excess of its capita! ; (2) vision referred to above, to coin enough of the T ea <urf
will have in circulation legal tender currency equal to bullion to fill the place of the Treasury uo es which
95 per cent of the face of the b on d s; and (3) will hold might be paid into the Treasury on and after the date
a reserve against its deposits of thirty per cent— sixty fixed for the repeal of the reissue privilege by S-cti *u 12,
per cent of it in gold coin and forty per cent in silver (say two or three years hence), would call for the cr ation
coin; moreover (4) the old legal tender notes, gold cer of say from 50 to 100 millions more. Moreover, the law,
tificates and Treasury notes and silver certificates which •is we have scon, provides that 40 percent of the required
have been deposited as above described will have been bank reserve may be in silver coin. With that pro­
at once canceled. This situation o f the reserve how­ vision enforced and with a necessity existing for the use ot
ever does not continue ; for as soon as operations be the dollars as circulation in place o f smalt notes, t hey
gin the proposed law provides that in lieu of one half would soon meet an active demand am mg the p -ople
o f such coin reserve, cash on deposit in reserve cities or all over tbe country, and thus find employment; there­
“ United States bond notes other than its own may be ' after they would no longer encumber tue Treasury

THE CHRONICLE

344

vaults or be harmful to our industries. One ocher pro­
vision contained in this measure which is ingenious and
suggestive is the result of its action as a refunding
scheme. We have said that the proposed law repeals
the tax on circulation. Tnis repeal would make it
profitable to change the outstanding Grvernment bonds
into 2 per cents to take advantage of the note privilege.
The outcome would be that the Government would
lose the amount the tax yields but would save from 2
to 3 per cent on its funded debt.
We have already taken more space with this matter
than we intended and cannot refer to the other features
of the bill, the emergency note proposal and the sys­
tem of “ Clearing-House or reserve city districts.’
The emergency note provisions are not all of them
clearly stated, and if we understand them would hardly
be acceptable as they now stand to conservative classes.
But it would not be fair to criticise them for they are
evidently undeveloped.
A condition of any plan for the reform of the cur­
rency every one must expect is that it will fall short of
one’s ideal. We can never bring business affairs back
on to a solid foundatian in one attempt. The move­
ment out of the morass in which our industries are
sunk can only be by a series of efforts. W e do
not think.for instance that a bank currency supported
by bonds or one having legal-tender qualities can give
full relief. Bat tor the present at least many people
of long experience seem to be determined not to let go
of the bond security. Hence we say accept that con­
dition if the effort making tends surely towards solid
ground. It would be a great triumph to get the Gov­
ernment out of the currency business, to get the cur­
rency business out of politics, and to get a controlling
board chosen from the ranks of commerce whose
opinions Congress would be likely to respect. I f we
conld see a way of accomplishing that, we would be
willing if need be to wait for the rest.

CENTRAL

OF NEW JERSEY
CQAL TRADE.

AND

THE

The Central of New Jersey income statement for the
calendar year 1895 has been issued this week, and at­
tracts attention by reason of the favorable contrast
which it affords with the exhibits of the other anthra­
cite companies. As is known, the year was a very bad
one in the anthracite trade, and all these other com ­
panies have reflected that fact in their returns. To
the Jersey Central, however, the period has apparently
been a very prosperous one, and according to its in ­
come account, as now furnished, the company not only
earned in full the dividends paid during the year, but
had a surplus above the dividends on the operations of
the twelve months in the sum of $703,438. To show
the improvement which has occurred as compared with
the twelve months preceding, it is only necessary to
say that in the calendar year 1894 the company had.
fallen ♦042,702 short of earning the dividends paid.
In making this comparison of course it is important
to remember that dividends out of the 1895 earnings
have amounted to only 5 per cent (the rate having been
reduced to that figure), while in 1894 the aggregate
was 7 pei cent. Bat even if 7 per cent had been paid
in 1895 as in 1894, there would have been a surplus for
1895, on the basis of the published figures of 1253,497,
this comparing with the 1642,702 deficit in 1894. I:i
other words, the company earned apparently over 8
per cent for the stock in 1895, against only about 4 per

fVoL. LXII.

cent in 1894, a great and decided change. Tnis result,
all things considered, appears quite noteworthy. The
Lackawanna’ s report for the calendar year issued a few
weeks ago showed that that company, though having
paid the regular 7 per cent, had earned only 5-17 per
cent in 1895 and G-24 psr cent in 1894— a deficiency i i
both years, it will be observed, but the latest year being
the poorest. The Delaware & Hudson in 1895 we
know also failed to earn the 7 per cent paid ; while the
reports of both the Reading and the Lehigh Valley
when analyzed likewise reveal clearly the presence of de­
cidedly adverse conditions. The question is therefore
being asked whether the Jersey Central has been ex­
empt from the influences which have affected the other
anthracite companies, and if not, what accounts for the
fact that it has been able to make larger profits for its
shareholders than properties like the Delaware & H ud­
son and the Lackawanna with such a long dividend
record behind them.
It is in the highest degree desirable that this apparent
anomaly shall be cleared up, especially in view of the
attempts being made in the New Y ork and New Jersey
legislatures to have it appear that the agreement lately
entered into between the anthracite producers for the
better regulation of the trade constitutes a “ trust ’ or
monopoly, and is designed to extort from consumers
exorbitant prices for anthracite. It hardly needs to be
said that the Central of New Jersey is an exceedingly
well-managed property, and that the parties now incontrol of it have completely transformed it since they
took hold of it. But that hardly furnishes an answer
to the question asked, for the Lackawanna and the
Delaware & Hudson are also well-managed properties.,
and have been from the very beginning.
The company has during the last two years followed
the practice of the Lackawanna, aud now issues only
a brief annual report in circular form. The report
consists mainly of an outline of the income account
for the year and a detailed balance sheet. It also
states that gross earnings increased 1908,082 as com ­
pared with the twelve months p recedin g; but there
are no details to show the sources from which this
increase was derived— whether from the general mer­
chandise traffic, or the passenger traffic, or the coal
traffic, or all combined. Of course the experience of:
the other companies makes it evident that the increase
could not have come from the coal businessDoubtless it wa3 derived largely from the gen­
eral merchandise traffic, and indeed we have it
on the authority of one of the company’ s offi­
cials that half a million tons more merchan­
dise freight was carried in 1895 than in 1894. The fact o f
an increase in the gross receipts, however, is not itself
particularly remarkable. A ll the other companies alsoshow considerable additions to their gross receipts»
What is remarkable is that the Jersey Central was able,
along with this gain in revenues, to reduce its operat­
ing expenses $143,252, thus producing a gain in net
earnings in the sum of over a million dollars. In the
absence of the details of the disbursements, we may take it
for granted that this reduction in the aggregate o f the
expenses reflects economies in operationeffacted without
detriment to the property, for in the very brief remarks
made by President Maxwell, he takes occasion to say
that “ the operating expenses, as heretofore, cover all
expenditures for repairs, charges for reduction in value
of equipment and other property, and include expen­
ditures for renewals of bridges, buildings and wharves,
substitution of heavier rails and other construction. >

THE CHRONICLE.

F b b u c a b y 23, 1898.]

Furthermore, it appears that the charges to capital
account during the year amounted to only $272,594.
But the reason for the Jersey Central’s prosperity
at a time when the other anthracite companies have
done so poorly ia to be sought in other directions.
To any one familiar with the affairs of these compan­
ies it will be evident on a moment’s reflection that
there are particulars where the Jersey Central differs
decidedly from any of them. The results in the other
cases embrace both mining and carrying operations.
Those for the Jersey Central embrace the carrying op­
erations alone. In the transportation of coal, though
tolls were lower in 1895, there was still a profit. On
the other hand, in the mining operations there was
distinctly a loss. In the Central of New Jersey case
the method of control of the mines furnishing the an­
thracite tonnage and the method of stating the ac­
counts are such that the results of the mining opera­
tions do not appear in the company’s income accounts.
When, a3 happened in the late year, coal brings less at
the mines than the cost of mining it, and when, there­
fore, there is a loss to be charged up, the fact that the
carrying company is not responsible for, or does not
assume, this loss on the mining operations, counts as a
great advantage to it, as against companies like the
Lackawanna, the Delaware A Hudson, Ac., where the
mining operations are combined with the carrying
operations, and a loss on the former to that extent op­
erates to make the final result less favorable.
It is not difficult to show that the coal companies affil­
iated with the Jersey Central have suffered as severely
as those controlled by the other anthracite carriers.
The Jersey Central’s anthracite tonnage comes chiefly
from the Lehigh Coal & Navigation Company and the
Lehigh A Wikesbarre Coal Company. The Lehigh
Coal & Navigation ia an entirely independent concern,
for which the Jersey Central bears no responsibility.
The Central leases from it the Lehigh A Susquehanna
and the other railroads owned or controlled by it, pay­
ing therefor a rental equal to one-third of the gross
receipts of the lines leased. This rental, together with
the results of the coal mining and ooal s-lling opera­
tions, goes to make up the income of the Coal A Navi­
gation Company. A study of said income for the last
three years is significant of the declining condition of
the anthracite trade during tie period covered. Here
are the figures.
m c o x s * T A T K M 8 !tr I.BH IO H C O A l * S A T I O A T I O S .

Coni
mining
retails.

Star.

Pro its
o ' nil
kinds.

»

•

ISOS...non
11,-13 1.KW.W7H
MM... Proflt *73.00* 1.M.W.7M
lSM.-.FTOtt UO.HIT

Intsrsot.
rminls,
l<ixa, etc.

*

/talons*.

%

Dividends

«

Snrpius.
or dedcit.

|

I.3SS.MM tSS.OM) S73.WV1. ■
M .U t M l
l.fflB.W. 13',.*>7 1U..W9 <<«<:>
9.10'.1.330,131 1.IT1,035 »» ,7 M (11)
•nr.H0.331

Thus we see that duringthe last two years there
has been a great change in the character of this com­
pany’s income exhibit. In 1893 the coal-mining
operations netted a profit of nearly half a million
dollars—1489,847 ; in 1894 the profit was only $273,098; in 1895 instead of a profit there actually was
a small loss—$11,763.
If we take the aggregate of
profits of all kinds (including the coal-mining opera­
tions) the decline is yet more strikiog, the amount
having dropped from $2,401,666 in 1893 to $1,838,732
in 1894 and to $1,692,873 in 1895. As a result of
this decline the sum available for dividends in 1895
was only $438,930, as against $1,171,035 in 1893.
The company reduced its dividends from 6 per
cent per annum to 4 per cent, but even after
this reduction profits in 1895 Ml $134,936 short
of the requirement for the dividend, as against

345

a surplus in 1893 (above the amount required for the
larger dividend) of $310,236. In this latter year we
may say the company was able to pay the sinking fund
contribution of 10 cent3 a ton on the amount of
coal mined (calling for $108,450) and also $110,268 for
depreciation on improvements— was able to pay both
amounts out of the year’s earnings; in 1894 and 1895
this sinking fund contribution had to be charged to
profit and loss.
Hence in this case, as in the others, the adverse con­
ditions ruling in the anthracite trade have had a telling
effect on the year’s outcome, the only difference being
that as the Lehigh Coal & Navigation is an indepen­
dent concern the loss has fallen on that company in­
stead of on the Central of New Jersey, and the stock­
holders of the Navigation Company have not only had
to submit to a reduction of dividends, but find the in­
come account showing a deficiency notwithstanding
this reduction.
The other coal company affiliated with the Central of
New Jersey is the Lehigh & Wilkesbarre. Here un­
fortunately we have nothing to indicate what the re­
sults have been, as this company has issued no reports
for either 1894 or 1895. The company is a purely min­
ing concern, and we can only surmise that the results
were very poor. We have already seen that the Lehigh
Coal A Navigation Company on its coal-mining opera­
tions netted a loss in 1895. The Lehigh Valley Coal
Company did even worse, for in its report for the year
ending November 30 1895 it showed a loss of 13’48
cents on every ton of coal mined or purchased from in­
dividual operators. The Philadelphia A Reading Coal
A Iron Company for the same year also showed a loss
on its mining operations— in amount close to seven hun­
dred thousand dollars. When we say loss on the min­
ing operations we do not of course include any allow­
ance for bond interest or other fixed charges. There
is no reason to think that the Lehigh A Wilkesbarre did
any better than any of these companies, and as the interest
on the bonds coming ahead of those held by the Central
of New Jersey amounts alone to about $600,000 a
year, it is evident that the company must have fallen
considerably short of earning its fixed charges. We
presume that whatever deficiency there was, was met
by advances from the Central of New Jersey, since
that company! own $6,600,000 of the $9,212,500 stock
of the Wilkesbarre Company. We notice that in the
Jersey Central balance sheet for December 31 1895
the item of “ accounts due from agents, companies
and individuals” is reported at $3,265,089, against
only $1,985,093 on December 31 1894. This is an
increase of over 14million dollars, and it would be no
surprise if a portion of the increase represented ad­
vances to the Wilkesbarre Company, though of course
we are without official knowledge on that point. The
fact that the greater part of the stock is owned by the
Jersey Central would seem to place that property in a
different category from the Lehigh Coal A Navigation,
and to many it will appear that, holding responsibility
as stockholder, the yearly deficit should be charged up
in the Jersey Central income accounts. The Central
managers, however, evidently consider that the ad­
vances will be repaid, and hence are willing to carry
them as a tangible asset.
We cite these various facts simply to show why the
Jersey Central has made a better income exhibit than
the other companies. The reason is that the Central
accounts represent simply the carrying operations, and
do not embrace the mining operations. It is proper to

t 346

THE CHRONICLE.

add that the surplus of $703,438 (above the 5 per cent
dividends paid) which the Jersey Central statement re­
ports for the twelve months should really be dimin­
ished by the amount of $428,120, that being the inter­
est on the $0,116,000 of Lehigh & Wilkesbarre Coal
Company 7 per cent consolidated mortgage bonds held
by the Jersey Central. This interest has not been paid
and appears in the income account as a credit item to
be paid some time in the future. The same was true,
too, in the previous fiscal year, the coupons having
been cashed in neither year. With this amount de­
ducted the surplus would be $275,317 instead of $703,438, and the amount earned for the stock would be
only 6 per cent, instead of 8 per cent as by the com ­
pany’ s statement.
We need hardly say that even 6 per cent is a good
return for an anthracite carrier in a year like the last.
Of course if the deficiency on the mining operations
of the Lehigh & Wilkesbarre should also be deducted,
then the result would be further diminished by the
amount of such deficit. The company during the year
issued $1,644,000 of its general mortgage bonds of 1987,
and the premium received from the sale of these bonds
was, as usual, included in the item of income from
investments. With part of the proceeds o f this sale
the $800,000 of temporary loans which appeared in the
balance sheet in the previous year were paid off, and
the company now has no floating debt aside from the
ordinary current liabilities, which amounted D ecem ­
ber 31 1895 to $3,916,867, and against which the
company reports at the same date $8,724,330 of current
assets, not including materials and supplies.

PEACE TENDENCIES AND INDICATIONS.
For some weeks past the situation in the old world,
particularly in the European part, was such as to fill
the minds of all hopeful and peace-loving people with
fear. War seemed to threaten everywhere; and we
were not permitted to doubt that if begun it would be
war on a large scale, and that the results would be dis­
astrous beyond anything within the memory of living
men. Happily those war clouds have to a large extent
vanished; and such of them as have remained have b e ­
come much less ominous. It was our privilege last
week particularly to refer to some of those more hope­
ful and encouraging signs.
It is agreeable to see that these encouraging indica­
tions continue. To say that the outlook is absolutely
of a peaceful character would not b8 in strict a cco riance with truth. There are dark specks here and
there, not invisible even to the ordinary observer.
These, however, are not of an alarming kind ; and
there are many things which encourage the prospect
of a term of quietness in the much troubled region of
foreign politics.
For ,a time it seemed as if we ourselves should be
involved in the general mel6e, spite of our freedom
from contact with old world affairs, and of our steady
determination to hold ourselves aloof from everything
fitted to involve us in entangling alliances with old
world powers. This special difficulty, it is a source of
pleasure to know, is in a fair way of being removed and
relegated to its place as a somewhat interesting histori­
cal episode.
A week ago it seemed as if the
Transvaal question, which has a much more serious
bearing on the general peace than some people
imagine, had assumed a new and somewhat serious
aspec . Tnis too has been ot over, and there is the pros­

[VOL. LXII.

pect of President Kruger visiting London, when there
can be little doubt, as the result of interchange o f
ideas, some satisfactory and permanent arrangement
will be arrived at looking to the future of Gape Col­
ony and the South African Republic. Public senti­
ment has been aroused in favor of the Boers, and Britist statesmen are too wise to encourage or allow any
further fillibustering attempts in their direction.
Peace, it is reasonable to conclude, has been secured in
the Balkan region for the present by what would ap­
pear to be the reconciliation of the Bulgarian Prince
with both the Sultan and the Czar. All these are in ­
dicative of peaceful tendencies in addition to those
which have been noted and commented on in previous
articles.
There is but one drawback to this pleasing picture ;
and yet perhaps, if rightly understood, it may not be
so much of a drawback as it seems.
Russia, which
has been at the bottom of all this later trouble, persist­
ently pursues her policy of aggression, makes her
points, and wins at almost every move.
She has
got, not altogether, but very much of her own will
in the matter of A rm en ia; and now we have re ­
ports to the effect that she is preparing to stretch
her hands more to the north-east and more to the
south-west.
Russia’ s great naval centre hitherto,
and absolutely since the close of the Crimean War,
has been Cronstadt.
Cronstadt has been a good
enough harbor of refuge and useful for the protection
of St. Petersburg; but for purposes further south,
and especially for the Far East, it hasbsen practically
of no value. During the Crimean War the Britisn.
had no difficulty in locking up the Russian navy in
that northern stronghold. A ccording to one o f our
very latest reports from St. Petersburg there are many
signs that the Government of the Czar is preparing to
transfer the chief naval centre to the Black Sea. A c ­
cording to another report the same authorities intend
to establish a protectorate over Korea, obtaining by
way of compensation an iceless harbor to the south­
west of the peninsula.
I f they do take place, these will be two radical
movements. T o the first report we are not disposed to
give much credence. There are barriers in the way
of any such sweeping change— barriers of no ordinary
kind. By the treaty of Paris of 1855, Russia is forbid­
den to rebuild or in any way to restore Sibastopol, or
even to construct any naval strongholds in the Euxiae.
The treaty was signed by all toe Great Powers; but
France and E igland being the principals on the one
side of the struggle are mainly responsible for seeing
that the conditions of the treaty are fulfilled.
It is
quite true that in some of its minor details this treaty
has since been modified and that with some o f its
clauses Russia has taken unwarrantable liberty.
We know how France feels lately and where her sym ­
pathies lie.
It is very doubtful if in defense
of the treaty o f Paris she would fight against
Russia. England could not afford to figot alone ; and
it is doubtful what she would do, even with Austria
and G-ermany at her back, if such assistance could be
counted upon. There can be no doubt, however, that
the transfer would be in the line of Russian ambi­
tion. Concessions in the East, no matter how large
and how imp irtant, would be worthless if her naval
centre were no nearer than Cronstadt. Concessions on
the Pacific Coast for the harboring of merchant vessels
or ships of war necessitate some changes in the Black
Sea. We have said already that we do not place m uch

F e b r c a b y 22, 1896.J

THE CHRONICLE.

3i7

credence in this report. Tnere may be something in largfd aad expanded their mileage, this of course in­
it; but if there is anything in it—if it is not mere idle volving a corresponding increase in the amount of
rumor, the effervescence of Muscovite enthusiasm— bonds and stock on whici a return his to be earned.
there is a strong presumption that when the facts are S’ill another exceptional feature with the Alton, and
folly known the rumored changes will wear a very which no doubt flows from the other two, is that
through all the up3 and downs in the trade conditions
different aspect.
As for the other report, it too, in our judgment, of the country, through all the crop changes, and
must be taken cum grano sali-s. We know what both through all the competition and warfare between the
Lord Salisbury and Mr. Balfour have said in regard to different roads, and the gradual dwindling in the rate
concessions to Russia. Mr. Balfour was open-mouthed of remuneration paid by the public for transportation
—spoke without any effort to qualify his language or services, the Alton his continued its old rate of divi­
to make it difficult of comprehension—when he said dend—a rate, too, which at the present time must be
that an outlet for Russia to the Paoific, especially for considered quite high, namely 8 per cant pir annum
commercial purposes, was not only desirable in itself on both common and preferred stocks.
In these circumstances it would be easy and not in­
for certain reasons but desirable in the interests of
the commercial world generally. We discover, there­ excusable for the Alton people to vaunt themselves
fore, nothing worthy of surprise in the statement that upon their superior management and to ascribe the
Russia proposes to possess herself of a suitable harbor lack of prosperity on otaer roads to soma fa tits in the
But President
of refuge both for her ships of war and for her com administration of the properties.
mercial navy. Tnere can be no denying that the Gulf BLckstone takes broad views, and he sees that the fail­
of Pechilli or the waters of Liao-Tung are more desir­ ures which have ma ked the railroad history of the
able than the open Pacific; and Russia is not to be United Spates daring the li3t twenty or twenty five
blamed if she selects a suitable place on the inside or years have been not so much the result of individual
western coast of Korea for her harbor of refuge. Eog errors or bad management as they have been the
land, we may take it for granted, will not be slow to natural and inevitable effect of the policy pursued by
find a place equally desirable and iu every way suita­ Government in the treatment and regulation of the
ble; and there will be the less difficulty in making the roads. Mr. Black3tpne has in previous reports made
selection that Russia in deciding upon her port will be very vigorous remarks upon this point, and he returns
acting with the entire consent of the British Govern­ to the subject in the present report. As these remarks
ment. Willing as we are to believe that Russia is pre­ are not only interesting on their own account bat are
paring to take possession of some such place as Mok- nsefnl in throwing light npon the events of the la3t
Po as a harbor—a place, it is said, capable of afford­ twenty-five years, we have transferred them to our
ing anchorage for thirty warships, we by no means columns, and they will be found on pages 366 to 368
accept as true the statement that she has agreed to of this issue. Goming from the President of a road
which has been particularly fortunate 6imid all the
establish a protectorate over Korea.
•As stated at the outset we accept those two re­ vicissitudes attending railroad affairs, his comments
ports from St. Petersburg with very considerable qual­ npon the sitnation possess especial weight.
ifications. If Russia and j&ogland are acting with a
As regards the Alton's own course, Mr. Blackstone
good understanding of each others' movements, and notesthat in the matter of rail way construction and con­
there is a reasonable presumption that they are, there trol the attitude of the people had been so clearly mani­
is not much in the present general situation to com fested seventeen years ago that the Alton managers
plain of. If there is room for distrust, there is larger decided that unless it shonld thereafter appear that the
space for confidence that the tendencies and indications public attitude had changed, it wonld be unsafe for the
have in them nothing of a belligerent character.
company to make further extensions of its railway, and
that its policy shonld be that which it has since pnrsned
in fortifying its position with reference to the condi­
C H IC A G O & A L T O N A N D
G O V E R N M E N T
tions it has been called npon to meet. Mr. Blackstone
R E G U L A T IO N O F R A IL R O A D S .
contends that a charter granted a raiiroid is a contract
The Chicago & Alton annnal report has been issued entered into between the railroad and the State, and
this week and shows results about as expected. There that the State is violating this contract obligation
is improvement over tbe year preceding, which had when it assumes to fix rates regardless of the fact
been the worst for a decade or more, but aside from whether such rates may be compensatory to the rail­
that there is nothing striking or noteworthy in the road or not, and also in allowing the construc­
exhibits.
tion of unnecessary new mileage to its detriment,
The distinguishing characteristics of the Alton are lie points oat that by reason of the coarse the
of coarse well known. We have frequently directed people have pursued, there are four or five times as
attention to them in reviewing the annnal reports from many competing railroads as are needed, and only about
year to year. Of other roads it is frequently said one-fonrth, consisting of those most advantageously
that their stock has been more or less watered. In located, and each as have superior facilities, hive
the Alton case no fact is better established than that for the last twenty-five years been able to earn divi­
the stock ha3 never been watered, and the capitalizi- dends. "The remaioing three fourths of the rail­
tion to day stands at less than the actual cost of the roads for the greater part of that period hive earned
property and much less than what it would cost to dup­ less than their fixed charges; and although hundreds
licate it. Another unique feature in the affairs of the of them have been soi l ii bankruptcy, reorganised
Alion is that for the last sixteen or seventeen years the and repaired, very few, if any, of them have thereafter
system has remained practically unchanged, no new earned any return whatever for those who have con­
mileage or extensions of importance having been made tributed the cost thereof. Such contribu ions, aggre­
during this period. In contradistinction nearly all other gating many millions of dollars have been m ide with
large systems have, in the same interval, greatly en- the hope that with an increased development

318

THE CHRONICLE,

of
the country, and the consequent increase
o f traffic, the people would permit increased net earn­
ings by which at least a part of the cost of the roads
might be saved; but although the expected develop
ment of the country and the increased amount of
traffic have been realized, the States have continued to
contract for railways to subdivide the traffic, and rail­
way commissioners have continued to reduce railway
rates to such an extent that in many pirt8 of the
country the net earnings per mile of railway are less
than such earnings were twenty-five years ago. It
therefore appears in nearly all cases that the money
contributed in the hope of saving such properties has
been in effect contributed to enable the people to co n ­
tinue to enforce railway service at less than its actual
cost.”
This is an accurate statement of what ha3 been
going on during the last quarter of a century. Mr.
Blackstone contrasts this situation with that prevail­
ing in European countries. T o fortify his argument
he presents an interesting tabulation showing the
mileage in the leading countries and the number of
inhabitants per mile of road, which serves to bring
out very strikingly the well known fact that in those
countries there is a very much larger population per
mile of road than in the United States. Y et Mr.
Blackstone finds that in Europe the fact is generally
recognized that the right of a Government to reduce
railway rates involves the duty to protect railway com ­
panies from loss by reason of such reduction. Mr.
Blackstone also dwells upon the burdensomeness of
the taxes imposed upon the railroads.
Mr. Blackstone is inclined to think that the
policy of the States pursued in these vaiious particulars
furnishes an explanation of the prevalence of the rate­
cutting evil, or at least he is led to remark that “ if the
time shall come when every railroad comp my in this
country shall have reason to feel that it is justly treated
and that it is po33ibleforit, by lawful service, to ward off
impending bankruptcy, the temptation to u o jjs tly
discriminate by secret rates and other unlawful prac
tices will be mainly removed, and we may exp :ct a
rivalry among railroads prompted by their own
interest in which each
will strive to outdo
the other in safely and promptly transporting persons
and property, and in the excellence of their accomm >dations and service. B it for such rivalry a ju s. and
reasonable support is an indispensable prerequisite.”
In conclusion he thinks that it is particularly desirable
that the lessons of the last twenty-five years should be
heeded, for unless popular sentiment in the couatry
shall so change a3 to practically recognize the principle
— as it is recognized in other countries— that railway
control by the State in the interest of the people in­
volves the duty of the State to protect the just rights
o f those at whose expense railways are constructed and
operated, he fears that there m iy be a repetition of
the unfortunate history of the past twenty-five years.

N a s h v il l e

Chattanooga

&

St . L o u is - C

o r r e c t io n

op

M i l e a g e .— In our article on Railroad E trnings last week, in

reporting the mileage of the Nashville Chattanaoga & St.
Louis we gave the total for January 1896 at 1,157 miles,
against 902 miles in 1895. The increase was on the supposi­
tion (hat the « suits for the Paducah Tennessee & Alabama
and the Tennessee Midland, which two roads passed under the
control of the Nashville Chattanooga & St. Louis by lease on
the 1st of January, 1896, were now included in the monthly
totals of earnings. That view, too, appeared to be borne out
by the very large gain in earnings which the report for the

[ V o l . L X II.

month showed— $80,794— or over 20 per cent. A telegram
received this week, however, from President J. W . Thomas,
informs us that the Paducih Tennessee & Alabama and the
Tennessee Midland are operated separately and distinct from
the Nashville Chattanooga & St. Louis, that their earnings are
not embraced in those of the latter, and that the basis of
mileage therefore is the same for both years—902 miles. It
follows that the gain in earnings was made without any
addition to mileage.

IMPORTS AND EXPORTS OF GOLD AND
SILVER A T SAN FRANCISOO.
The Collector of Customs at San Francisco has furnished
us this week the details of imports and exports of gold and
silver through that port fer the month of January, and they
arc presented below, together with the figures for the preceiiDg months, thus completing the results for the seven
months of the fiscal year 1895-96. The imports of gold were
less than in any month since July, the amount received
reaching $83,033, of w hich$13,821 was in coin; and of silver
there came in $135,470. of which $133,139 was bullion. There
has been received during the seven months a total of $334 746
gold and $1,136,692 silver, which compares with $996,819 gold
and $1,231,3000 silver in 1894-95. The shipments of gold
during January reached S29,512 coin and $100 bullion, and
the exports of silver have been $190,043 coin and $447,700
bullion. For the seven months the exports of gold have been
$499,768 against $613,789 in 1894 95 and $7,746,494 silver has
been sent out, against $8,121,866 in 1894-95.
The exhibit for
January and the seven months is a= follows :
IMPORTS OF GOLD AND SILVKR AT SAN FRANCISCO
GOLD.

SILVER,

MONTIIS.

C oin.
1895-96.

B ullion

A.m?ust.. 8eptemb’r.
O ctober...
November
December.
Janaary...

$
$
9 ,3 3 0 42,400
245 90,240
8,318 88,818
15,212 92,860
1,180 111,157
8,448 83,549
13,82 L 69,212

Total 7mos

56,554 578,212

Ooin.

Total.

Total.

B u llio n .

51,7 3 0
90,485
97,1 a 6
108,073
112,337
91,9 9 7
83,034

$
7,135
10,708
2 27,877
75,440
8,715
09,621
2,341

$
1 28,955
76.1 7 1
119,501
123,699
84,2 1 3
67,187
133,129

634,796

401 ,8 3 7

734 ,8 5 5 1,136,692.

$
1 3 6 ,0 9 0
8 6 .8 7 9
347 ,3 7 8
193 ,1 3 9
9 i,9 2 8
136.808
1 3 5 .4 7 0

EXPORTS OF GOLD AND SILV E R FROM SAN FRANCISCO.

[J

GOLD.

SILVER.

MONTHS.

C oin.
1895-96.

B ulVn

$

A-a^ust----Septemb’r.
O ctober...
November
Deoember.
Jaaaary. .

79,321
6 2 ,8 4 4
61,748
112,316
56,097
92.415
29,512

1,160
25
460
70
3 ,100

TotaI7mos

494,853

4,915

ioo

Totat.

||

Ooin.

$

j B u llio n .

Total.

$
560 ,0 0 0
325 ,0 0 0
813 ,3 5 0
520 ,8 0 0
733,548
4 2 6 ,l 1 0
4 4 7 ,7 0 0

$
7 9 8 ,8 7 5
5 7 3 ,3 4 9
2 ,0 2 2 ,7 5 0
1 ,3 5 4 ,1 0 9
1,4 9 5 ,0 4 3
864 .6 2 5
637 ,7 4 3

499 ,7 6 8 3 ,9 1 4 ,9 9 6 3,8 3 1 ,4 9 8

7 ,7 4 6 ,4 9 4

80,481
62,8 6 9
62,208
112,386
59,797
9 2 ,4 1 5
29,612

1
233 ,8 7 5 '
248,349,
l,2 o 9 ,4 0 0
833 ,3 0 9
756,4951
4 3 8 ,5 2 5
190,043

I > X f ft t e t a * g s © d » t t r a ;e r c t a li$ t t g lt s I x l| e u ) S
[From our own correspondent. 1

L ondon , S a t u r d a y , Feb. 8, 1896.
Political uneasiness is gradually subsiding and the hope is
growing stronger that all pending questions will be amicably
settled. Mr. Cecil Rhodes arrived in E iglan 1 this week, and
on Thursday had an interview with the Se iretary of State for
the Colonies; but up to the present he has refused to make any
public statement. The trial of the Transvaal political prison­
ers has begun, and President Kruger has published a draft of
a proposed municipality for Johannesburg. The draft, how­
ever, is not favorably receiv d here. Next week Parliament
will meet, and it is expected that the British case regarding
Venezuela will at once bs made public, and that likewise at
the earliest opportunity a statement will be made as to the
intentions of the Government respecting an inq liry into the
occurrences in South Africa.
Oa the Continent the event that has mj3t occiapiei atten­
tion is the decision of P. inca Ferdinand of Bilgaria to have
his infant son chriscened in the Greek Orthodox faith. It is
reported that the Czar has agreed to stand'sponsor, a n i the
Bulgarian Prime Minister has visited Constantinople for the
purpose, it is believed of negotiating with the Saltan for the
recognition of Prince Ferdinaad as lawful ruler of the Princi­
pality. Tae brilliant success of the United States loan is wel­
comed here, though it is feared that the Treasury will not bo
sufficiently strengthened to meet a ’ l its obUga i ms u itil the
new AdministviHoa comes into office.

THE CHRONICLE.

Febepaky 22, 1396.]

319

The rates of interest an 1 discount are alightiy higher, bs- rhe re-exports of foreign and colonial produce in January
cause the collection of the reveoua is now going on at a v ry -how the following contrast-:
1895.
Difference.
rapid rate. - Large su ns will bs transferred fro a the open RE-EXPORTS. 1896.
market to the B*nk of Eigiaid for the next four cr fire J a n u a r y .......... 4 ,3 2 5 .7 0 7 . 3 ,8 8 7 ,2 5 3
+ 9 3 8 ,1 4 9
+ 2 4 -1 4
weeks an 1 therefore it is not improbsbie that rates may ad The following r-tura shows the position of the Bank cf
vanoe somewhat farther. O i the other han 1 the naval and England, the Bank rate of discount, the price of consols, &c,,
military prep (rations of the Government are on an exoep sirupared with the last threeI*»0years: 1S9ft
1894.
1893.
tional scale and it is not unlikely, in consequence, that the
5.
0.
7.
a
£
A
payments out of the Exchequer may be on a larger scale and Circulation . . . ............. ......... ..
25,119,885 24,4*34.810 25,044'. A V
earlier than usual. At all events, the hardening of the Public dlepos! ijs„
. 11,795.393
6,650,007
7,379,773
6353,039
deposits .. . ..................... si,o t«,a st 33.Si4.773 27.338,173 29,033 0+!
market is entirely temporary. Gold continue to come in Other
txGvernmeat securities. . . . . . . . . . 14J <50,328 12,178.1©
9,030.458 U ,227,>53
from abroad in great amounts and the supply of loanable Other
securities .. . . . . . . . . . . . . 2il.55l.772 17,660.953 2Ui3.>54
24,660.669
K»»arve o f nates and coin— .. . 39,90?, 7*51 28,481,915 20.433,623 17,914,97x8
capital is enormously large.
Cola
bullion,
both
depArtm’
ta
SO,8
'1,800
28.147,469
86.50S.97S
The silver market is very q net and is likely to coitinu i so
63«
reserve to liabilities, -p. c.
58 11-10
50
70,4
But the India Council, is selling its drafts very well. It Prop,
2
2
Bnnk rate ................... -p e r cent.
2+
2%
104
7
Ukl,
99 1-1M.
2R per cent ..................
S8%d.
offered as us till on Wednesday, 5D lakhs and sold thu whole Consol,,
30 13-10d.
.. ......................... .
27 7-1 fkl.*
SSMd.
2W ,
amount at somewhat over la, 2J. per rupee, the applications Mirerasr-House
r e t u r n s ......... 178,079,000 180,85 *,000 123,945,000 119.941.000
being for nearly ten times the amount offered.
February 7,
Trade is stea lily improving, as is evident from the railway *The
shows the imports of cereal produce into the
traffic returns and the market reports and circa lire, and Unitedfollowing
Kingdom
during the flrat twenty-two weeks of the
there is a very confident feeling that the improvement will season, compared with
previous seasons:
IMPORTS.
be much more rapid in the earty future if the political hori­
1895-90.
1894-05.
1893-94
1892-93.
zon clears. The railway dividends continue to be better even tn p ortsol wheat ew t.23,837,100
26,363,541 23,625,377
than bad been expected. The three greatest of the comp tnies Barley..........................12,303,1 <0 23,615,386
14.370.441 15,142.4 14
8,717,450
ita ................................ 8,183,040 6 938,537
5,914.740
6.070,364
announced their dividends this week. The London & North- OPea*
............................ 1,473,240
1,218,01 l
1,210.790
1,135.739
Western distributes 1% per cen; against fii, twelve months in.tl.in
2,0 7.111 2 ,2 3 ,.4 3 2
Beans........ ............
1.759.700
1,934,848
-joru..................
18,871,040
10.030,311
12.756,313
13,073.913
ago, the Great Western pay* 7 per cent against 6 per cent, and F lo u r ............................ 9.005,850 9,657,690 8.3 36,799 9,681,204
tin Midland 61-* against 5% per cent. Thera has been a Supplies available for consumption (exclusive of stocks on
marked advance in the stocks of the three companies; but September 1);
1895-98
1994-95.
1893-91
1892-93.
the British railway market for the last day or two, takm a- Wheat Im port. l.owt.28,0.;7,16O
26 363,544 28,625,377
a whole, is not quite so strong as it was, purtly because dur Imports or H ou r....... 9 .0 '5 .8 5 0 23,615,336
8,857,690
8,336.793
9,691,204
ing the past nnon-h or so there bis beonagreat rise and partly 3 » ie » o f horae-growu. 0,751,881 9.497,318 10,932,242 11,993,775
because the fortot<htly settlement begins on Monday. There Total................... . 44.595,991 40,770.872 1 5 .6 ’ 2,584 50,300,356
1895-96.
1894-95.
1893-91.
1892-93.
has been a further advance in onsuLs ( which are no v over ever. price wheat week.26*
3 i,
20,.
91. 26*.
28-i. 14.
26*. 4d
108) and in other first-cl ms securities, an 1 th -re is a fair in­ Average prlee,si>a«ra..21*. 104.
94.
194. 9 4.
27s. 7(1
vestment in Indus!riil securities and in Argentine an 1 Chil­
B n tU a ti F in a n c ia l I t r K e t i — P e r C a b le .
ian stock*.
The
daily
quotation* for securities. <$xs., at Lon4on
The great success of the new Government loan in the are reported closing
by cable a* follow* for the week ending Feb. 21:
United Slates and the confident feeling in New York have
•Hen.
London.
Sat.
T «.
Wed.
Thnrt.
m .
h d to some speculation in the American market on the part
of professional operators; and generally the feeling of the Silver, p e r n * .............. 4. 3 0 +
SO?*
30(4,, \ 31
31
new, 2% p. o n 1081*1* l O ^ n 100
10911,,
S ock Exchange i# more favorable thin it has baea for m my C onsole
F or accou n t.......... —
106 + 1081* „ lOOH. 1 8 3 5
l til
1094,
■q ontha past. But the general public is still bolding alo if Fr'oh
rente* (in Paris* fr. 102*65 102-60 02 72% 02 00
102 90 1(12-85
IT
17%
M ob. Top, * ». F e.......
16%
17%
17%
16?8
No doubt if the Venezuelan question is settled quickly and if IMUUUKB P a c in o .........
58%
59
58 St
59%
50*4
is
1»
18
henpeake A Ohio___
18
18%
T
tl e rise is maintain® 1 in New York, the general public will OChic.
79%
&Mw, A St, P aul.
76
79%
80%
7-4.
80%
*ft«r a while come in. But the trials through which w« hav Illinois
06
07%
C entral. . . . . . .
06
98
93
o*%
146%
141*
1
IS
*
141%
hake S hore............. .
150
119%
}aased for soma months have made investors very cautious. Louisville
51%
51
A NaehviUe.. 51%
S i%
52%
53%
71k
72
Central 4»..... 72
11
72%
72%
As a rule they are confining their pu-ehssss to the securities Miexiean
13 ‘4
13*4
13%:
•fo Kan, A Tax. co m ,... 13%
13%
13%
of countries which are either within the British Empire or S, Y. Central Hudson 100-4 100% 100% 100%
100%
101
17
HIT,
17%
17%
.V.
Y.
Lake
Erie
A
Went.
17%
10%
dependent upon it in some way or other.
75.
75%
75%
75%
24 consols. ................. 75%
75%
15%
Y. Out. A 4V.-stern . 15?*
15-%
15%
More business has been done this week in the 8 iuth Afri­ NNorfolk
15%
18%
7%
74,
8
S%
West'll, p re f,
7k
8%
can market, and once more Continental operators are buy in t NorthernA Paeiflo,
154,
18
15%
16%
p ref., 153*
15%
544,
55
514,
55
54 a
55%
P ennsylvania....... . —
upon a considerable scale. There has been no sensational Phil.
7
6%
0%
7
A Read., per share
64,
7
rise, but quotations in almost every instance are decidedly Southern
10%
10%
104,
10%
Ry., c o m ....... 10%
10%
32%
32
s
a
t
,
32%
32%
33%
do
p
r
e
r
d
............
higher than they were last week. Assuming that nothing Onion Pa-iSo................... 0 7e •ik 7
7
8% untoward occurs and that President Kroger follows a policy Wabash, p r e f ................. 19 19 19% 19% 19'-’ a 19%
as moderate as be has hitherto adopted, there is no doubt
that business will increase ia that department very consider­ ® a n t n x c v c t a l a t t d I W s c e U a u e a i t s J ^ e w s
ably. The investor proper has not soil higshurw. The fill I viports
Wskk.—The following are
that has take plica since the beginning of OitoVr his been the imports at ENew York for the week
for dry goods
caused almost entirely by the break-down of ths wild specu­ February 13 and for the week ending for ending
general merchandise
lation of last summer and by the operations of cipitiin s February 14; also totals since the beginning of the tirat week
who were more or less connected with the national union in January, r o s a w s
*
*.
movement. The investor proper, both here and uoonth- For
1890.
1895.
1893.
1894
j
Continent, has shown his faith in the gold industry by cling­
Dry G oods....... ~ *2 .^ 1 ’.302
4 5 ,7 0 5 ’ "*2.074,652
ing to his stocks.
t mer'dise.
7,801,082
4 ,9 9 0 .4 7 4
4,218,371 _ l , 4 ° . V 9 3 0 '
Business likewise in the Western Australian market is Gen’Total..........
*10,633,384
*7,338,179
*6,293,023
*7,762,083
better and prices are somewhat higher. There is sot reel v Since Jan. 1.
anything doing in International securities. The impression Dry G oods....... *22,531,375' *11.706,353 f2 0 .4 ifl.l3 0 *19.523,16.9
is very general that the reported consent of the Czar to stand irn 'l tner’dlae. 5 >,983.290 33,514,774 30,514,583 40,743,096
sponsor for Prince Boris means th" renewal of Russian in t o ta l weak*,.. *7 8 ,4 0 1.68+ '7 i-3 .2 V t.6 2 7 5 5 8 ,9 3 ^ 0 7 3 * 6 0 ,7 6 2 0 7
ftaence in Bulgaria, and consequently the maintenance of
peace in Southeastern Europe. Russia i« not prep wed for a The following is a statement of the exports (exclusive of
great war. and the general feeling h that if Russia on'ml* specie) front the port of New York to foreign p ins for the
Bulgaria -he will prevent the threatened outbreak in Mae ~
douia in th - spring Still th" fear that there mac be an out- week ending Febfu iry 18 and from January 1 to date :
break » deterring operators in the international department.
Tf»» import* in .1toaary have been as follows ;
1895
1 8 04.
189 6
1 8 93.
£

£

Fib.

£

Feb.
£

Feb.
£

per Cl.

Fib.

k

m

a

and

xports

f o r t iu s

im p o s t

ax n e w t o r

Week.

$2.3

s

0

R II-O B T * FROM N E W T O R S FO R TH E W E E K .

,8S®
*

1895.
m

Diftmit*.

Jin tia > 7.........

r

38,473,850

38.743,181

1,73,1,375

EX PORTS,

M

TwronTS.

M

the export* in Ian uary have been as follow* :
„ ____________
18961895.
January— ... 31.12?, 168 18,224,238 +2,902,932
s

Difference.

£

Per n .
1-4-79

Pur m.
+ 15-93

F orth* w eek ..
Prev. reported.

*4.772,241
35,138,760

*6.383,343
36,433,361;

95,472,475
35,871.492

* 4 7 )3 ,8 1 7

41,883,365

total 0 weeks..! *39911.030- 442.92t.904 *41,313,907; *46,322,182
The following table shows the exports ami imoorta of specie
at the port of New York for the week ending February 15 and

SZPO BTS AND IMPORTS OF

8PK 0 IB

AT » B »

W ee k .

Im ports.

Since J a n .1.

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

$518,000 *11.872,735 *1,487.731 *12,586,2C0
7-’ 3,457
217.889
63,206 2-1,674,963
1,643,943
937,093
3,728,263
1,333,900

Total 1896 .........

Total 1896 ...........
Total 1894 .......

Im ports.

E xp orti.
Silver
W eek.

S ince J a n . 1,

¥892,900 $5,742,394
168,0**0
750
101,824
16,327

West Indies...............
South America..........
All other countries.

68,658

84,428
485

Total 1896..........
Total 1895..........
Total 1894..........

*977,885
550,643
872,083

* 6.0 97,8 8’
4,042,427
5,997,941.

by

Since J a n . J.

Week.

Since J a n . J.

Week.
$ .............

$70

2,?57
6.361
47,324

27,479
135,856
103,88 i
10,622

$56,064

$277,916
187,573
194,662

120

8,201

75,593

N a t i o n a l B a n k s . — The following interest­

ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on January 31.
U. 8. B onds Held Jan . 31, 1896, to SecurD escription or Bonds.

C u rre n cy 6s, P ao. R R .
6 per c f 3te, 1 8 9 4 ........
4 per otv,, funded 1907
4 per e? nta, 1895 . .
2 per cts. funded 1891
Total.

P ublic Deposits
in B a n k s.

B a ok
C irculation.
$ 1 0 ,7 e2,000
1 4 ,4 75,350
150,03 3 ,4 5 0
14 ,8 4 9 ,5 0 0
22 ,5 0 5 ,0 0 0

$ 1 ,1 25,000
532,000
1 1 ,8 ? 3,000
7 7 5 ,0 0 0
1,083,000
$ 1 5 ,4 08,000

$ 1 1 ,9 17,000
1 5 ,0 07,350
161,92 6 .4 5 0
1 5 ,6 2 4 ,5 0 0
2 3 ,5 8 8 ,0 0 0

$212,655,3- 0 $ 2 2 8 ,0 6 3 ,3 0 0

menc, kiudiy furnished us by the Director of the Mint. sh< w
the coinage at the Mints of the United States during the month
of January, 1896.
Denomination

Total gold.
Standard dollars..
Half do Hare...........
uarter dollars...
lines.........

S

Total silver.
Five cent*..
One c e n t...

633,775

12 ,6 7 5 ,5 0 0

44,800

224 ,0 0 0

" 5 ,8 4 0

14,600

6 84,415

1 2 ,9 14,100

260 ,0 0 0

65,0 0 0

260 ,0 0 0

65.000

7 39,700
1 ,7 0 0 ,00J

3 6 ,9 6 0
17.000

Total m in or...,

2 ,4 39,200

5 3 ,9 6 0

3 ,3 83.615

1 3 ,0 33,060

in

L eg a l T enders

and

N a t io n a l B a n k N o te s

to

1,— The.Comptrolier of the Currency has furnished
us the following, showing the amounts of national bank
notes January 1, together with the amounts outstanding
February 1, and the increase or decrease during the month;
also the changes in legal tenders held for the redemption of
bank notes up to February 1.
ebruary

N ational Bank, i o n s —
Am ount outstanding January 1 ,1 8 9 6 . ,
Am ount issued during January................
Am ount retired during January................

$ 7 44,107
934,343

Amount outstanding Fob. 1, 1 8 9 6 *.........
L eg a l Tender Notes —
Amount on deposit to redeem national bank
notes January 1 ,1 8 9 6 ............................
Amount deposit d during J a n u a r y ._______
Am t reissued and bank notes retired in Jan.
Amount on deposit to redeem national
b^nk notes Feb. I, l - l9 6 ...............

$ 2 1 3 ,6 2 7 ,8 2 1

$
964.849
4 ,838,582

24.16,5.360 26,617.267 23 ,1 0 1 ,6 7 0 23,011,661 2 2 ,4 1 7 ,9 4 8

City Railroad Securities—Brokers’ Quotations.
Bid.

Ask.

Allan. Ave., B’klyn—
Con. 5s, g., 1931 . A&O $107
Impt. 6 b, g., 1934..J&J
Bleek. St. & Ful. F .-S tk .
26
istmort., 7s, 1900. J&J $108*1)
B’ way& 7th Ave.—Stock. 188
1st raort., 5s, 1904. J&D $105*
2d mort., 5a, 1914.J&J $109
B’way ls tt5s,gnar.l924 $112
2d 5«.lnt.as rent’l. 1905 $104
Couaol. 5a, 1943...J&IJ 114*9
Brooklyn City—Stock.... 171*o
Couaol. 5a, 1941...J&J 112
Bklyn.Crosst'nSs.1908 105
Bkl’n.Q’naCo.&Sub.laT $ 98
Bklyn.C.&N’wt’wn—stk 150
6a, 1939........................... $110H
9
Brooklyn Traction..........
52
Preferred...... ...............
Central Crosstown—Stk. 190
let M .,6s, 1922...M&N $118
Cen.Pk. N.&E.Riv.—Stk. 160
Coneoi. 7a, 1902...J&D 114
Christ’p’r&lOth St.—Stk. 150
1at mort., 1898 ...A & O 105

85
30

110

194
107*o

112

115
106
115
172*0
100*9
190

111*0
10
53**

116
155

Columbus & 9tli Ave. 5a. 114 114*fl
D. D. E. B. & Bat’y—Stk. 169 171
let, gold, 5a, 1932.J&D 113*4 115
S c r ip ................................ $100 103
EighthAvenue—Stock... 340 345
Scrip, 6ay a9 14............... 103
42d & Gr. St. Fer.-Stnok 309 322
42d St.& Man.&St.N.A v.
58
63
1st mort. 6a, 1910.M&S $115 117>i
2d mort. income 6a.J&J
67
71
Long Island Traction---21 *o 22
Lex.Ave.&Pav.Ferry 5a. 113^ 114
Metropolitan Traction... lO-^ *o 105*4
Ninth A venue—Stock... 155
Second Avenue—Stock.. 160 163*
1st mort.,5a, 1909.M &: $107*2 109*9
Debenture 5s, 190n.J&J 103
Sixth Avenue—Stock—
190 200
Third Avenue—Stock . . . 182\ 183*3
lat raort., 5a, 1937. J&J 118*u 119
Twenty-Third St.—St’k. 300
Deb. 5a. 1 9 0 3 .............. 100 105
Union Ry—Stock............ 100 105
lat 5a, 1942 ...................... $100 104
Westchoal’i, lat,gu.,5a. $100 101»*

§ And aoorued interest
x Ex-divldeniL

Gas Securities— Brokers Quotations.

$ A n d a c o rn e d m te r e a t.

Bid. Aak.

GAS COM PANIES.

Bid.

Brooklyn Gas-Light......... 150
Central............. .................. 160
Consumers’ (Jersey City). 75
102
Citizens’ (Brooklyn)......... 100
Jersey City & Hoboken.. 180
Metropolitan—Bonds........ 106
Mutual (N. Y ..................... 230
Nassau (Brooklyn).......... 300
100
N.
& East Riv. 1st 5s.. 101
74 H
Preferred ................
37
88*9

People’s (Brooklyn). ... 100
Peoples’ (Jersey City)---- 170 175
80
Metropolitan (Brooklyn). 230
300
106
200
105
109
210 215
240
Bonds, 6s, 1899............... 105 107
73
71
89*3
102
88
Standard pref.................. * 108 *a 110
76
78*4, 80*3
39
68
89*s Western G a s ...................
66
90
Bonds, 5s................ ..... $88

* E x righ ta.

Adrian H . Muller & Son:

Shares.
15 Manhattan Co. B ank........ 20558
5 Mechanics’ Nat. B ank ___ 201*g
1 0 Atlanta & Chari. Air-Line
Ky. Co.................................. 102
11 Phoenix Nat. Bank . . . ___ 106*2
2 5 Ohio & Miss. Ry. Co. com .
6%
2 0 Brooklyn Bank ...................160
3 1 Hannibal Bridge C o ...........104
35 Long Isl. Ins. Co. (80 p. ct.
pd. in liquidat-’n) $33 33
each...................... .........$101 lot
20 Nat. Park Bank........ .........273*2
13 Nassau Bank ...................... 152
25 Fourth Nat. B ank. _______1823s
30 1st Nat. B’k of Hoboken...500
8 5th W e . B’ k, N. Y .3 1 5 0 to 325 0
l United Merchants of N .Y .$ 5 lot
20 Kenaico Cemetery $65 per sh.
94 Tradesmen’ s Nat. B a n k ..9 0
40 Eagle Fire Co.......................235*4
14 Na*. Bank of the R e p u b ..149*4
65 Bright n Beach Im p. Co..
Lim ited........................ $ 2 5 lot
25 International T e le g r.)
& Teleph. Co.
. . I ^onn
5 0 Oswegatchie Light & [
ioc
Power Co............... J

Ranking

$23,01 1 ,6 6 1

anti

B AN K ER S,
S a m u e l D . Da v i s .

C h a s. B. V an No stran d .

Spencer Trask & C o . ,
BANKERS,
27 6c 2 9 P I N E S T R E E T ,

*2 2 417 .9 4 3

According to the above the amount of legal tenders on
deposit February 1 with the Treasurer of the United States to
redeem national bank notes was $33,417,948. The portion of
this deposit made (1) by banks becoming insolvent, (3) by
banks going into voluntary liquidation, and 13) by banks
reducing or retiring their circulation, was as follows on the
first of each of the last five months:

ffitraucial.

NO. 40 W A L L S T . , N E W Y O R K .

593,713

'Circulation of National Gold Banks, not included in above. $ 8 8 ,9 6 2

Shares.

8 Manhattan Life Ins. C o ...4 0 1
55 First Nat. Bank of Jersey
City............................ 295*6-300
6 Long Isl. Safe Deposit Co. 7 0
B onds.
$ 7 ,0 0 0 A tlantic Dock Co. 1st
5s. 1901, J & D .........................100
$ 7 ,0 0 0 Long I-l.C ity & Flush­
ing RR. 1st 6s, 1911, M&N-11538
$ 1 8 0 Tol. Peoria & Western
Ry. 5 per cent deb. s c r ip ... 88
$ 5 ,0 0 0 Birmingham RR. &
Elec. Co. 5s, 1924. J&J .$ 3 1 0 0 lot
$ 4 ,0 0 0 Louisiana W est. RR.
1st 6s. 192*. J & J .....................107%
$ 2 ,0 0 0 Brighton Beach Imp.
Co., Lim ., 6s. 1 9 0 8 ..$ 2 0 p. bond
$ 1 ,0 0 0 Deer Hill Co., Lim .,
5s, 1 8 9 7 ........................................ 55
$1,* 00 Storm K ing Club 5s,
1 9 0 2 ......................................... $ 3 0 lot
$ 1 0 0 Hanover Club, Br’klyn,
la t 6s.
..........................
92
$ 1 ,0 0 0 Eppinger & Russell
Co. of N. Y. City, 6s. 1 9 04.. 10
$ 6 ,0 0 0 Kinderhook & Hud.
son RR. 1st 6 s ....... .................. 30

S a m uel D. D avis & Co..

220 ,2 3 6
$ 2 1 3 ,4 0 7 ,5 8 5

$ 4 96,320
1,090,033

T otal.

By Messrs.

V alu e.

Total coinage.
O hanoks

Feb. 1.

J a u .'l.

Auction S i l e s . — Am ong other securities the following no
regularly dealt in at the Board, were recently sold at auction

J a n u a ry .

D o a o ie e a g le s ...
Eagles................
Half eagles. ...
Three dollar*-..
Quarter eagles.
Dollars................

D ec. 1.

$
840,613
4 .9 95,461

* Act of June 2U, 1874. and July 12. 1882.

GAS COM PANIES.

Total Het-

COINAGE BY UNITED dTA TK a M IN TS. — The following S ta te*

P ieces.

N ov. 1.

$
$
899 .2 6 9
Insolv’nt bks.
803 ,5 8 2
Liquid’g bks
4 ,7 5 1 ,6 3 2
4 ,954,332
Red’o’g under
act of 1874* 18,211,385 17,731,193 1 7 ,6 43,756 1 7 ,2 08,230 1 6 ,7 6 7 ,0 2 7

$ ............ $9,650,816 *1 316,004 $8,652,837
1,459.080
82<',250
182,265
2,370
............
2,059,354
139,095
57,699
10,000
20,554
204.089
31,782
1,341,600
503,000
8,101
850

South Amerloa...........
All other oountrles..

B onds H e l d

$
8 88,656
5,06 5 ,3 If

TO KK

E xports.
Hold,

Oct. 1.

D eposits b y—

since January i, 1896, and for the c irres.um uag pt
1895 and 1894:

F

[VoL. LXI1.

THE CHRONICLE.

350

-

-

NEW

YORK.

65 Stale Street, A lb a n y .

INVESTMENT
G k o r g b Ba r c l a y

M

SECURITIES.

Moffat.

A

o f f a t

lexander

& W

m

h i t e

.

w h it e

, Jr ,

,

BANKERS
3 0 P I N K S T R E K T ,

-

-

N E W

IN VESTM ENT SECURITIES.

Y O R K .

THE CHRONICLE.

February 33, 1896,]

S fc je

The following were the rates o f domestic exchange on New
I York at the under-mentioned cities to-day; Savannah buying
1-16 discount, selling par : Charleston, buying par, selling U.
premium; New Orleans, bank, §1 50 premium: commercial
■50c. per §1,000 discouufc; Chicago, #1 00 per id.000 discount:
St. Louis, 50@75c. per $1,000 premium.

J g a ttk e r s ' (ia ^ e tte .
B I V I B E K B S .

Jfames o f Company.

Per
Gent.

Hml Iroads.

Cbic. Burl, & Quincy tquar.).......
CJeve. Lorain & Wheel, p re f____
Del. A H adsoa Canal (tioar.) ...
l
ItM e lla iu M i.
Brooklyn Wharf A Warehousei
prrf., Sec. - a " .....................
Buffalo S y ..« iu a r .)-......................
Nadonai Lead pref. !quar ) .........
Stlllweil-Bieroe A Simth-Vaile
pref, (qnar.i................................
West CMoago Street RR, (qunr.i

I
1

When !
B ooks dosed.
Payable. (Days inclusive.)
.............
Mar. 16 fc'eb. 22 to Feb. 29
Mar.
3 Feb. *22 to Mar. 3
Mar. 16 Feb, 27 to Mar. 16

Unite!) States Bonds.—A ctivity in Government bonds
iias continued and prices have advanced. Sales at the Board
Include $4,348,750 4s coup., 1935. at 116 to 118; $3‘,).<)0u 4s re".
1925. at 116 to 117,^; $128,700 4s reg., 1907. at 10934 to 1lb;
|869,000 3s, coup., at 118^' to 113%; §66,500 5s reg.,*ar 113%
I to 1 1 3 and $16,000 cur, 6s. 1898, at 105. The following are
2 Feb. 22 to Mar. t closing prices:

6
1
i%

Mar.
Mar.
Mar.

10 Feb. 25 t » Mar. 10
16 Feb. 26 to Mar. 16

2
1%

Mar.
Feb.

1 Feb 19 to Feb. 29
15 Feb. 6 to Feb. 16

Periodt

W A U STltEET, FRIDAY. FEB. 21, I«9B .-3 F. rt.

has been chiefly interested during the week in investment
securities of the better class. This feature is also prominent
on the London Stock Exchange, where British consols have
reached the highest price yet recorded.
The volume of business in United States bonds is unprece­
dented and die new fours have advanced over two per cent
within the week. Railway bonds have been in demand on a
rising market and alt classes of these securities are notably
higher than they were last week.
In London and the principal Continental cities American
securities are in much better favor than they have been of
late. This is due largely to the recent vote in the lower
House of Congress on the free coinage amendment, to the
ready absorption of the new Government loan and to the
progress which is being made in harmonizing our diplomatic
relations.
Among the influences, in addition to the above, which
have contributed to a better feeling in local financial circles
are the easy money market notwithstanding the heavy pay­
ments on account of the new bonds, the prevailing low rates
in the foreign exchange market, and the favorable reports o f
railway earnings, now so general.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 4 per
cent. To-day’s rates on call were 3 to
per cent. Prime
commercial paper is quoted at 8 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £987,170, and the percent­
age of reserve to liabilities was 63'28 against 03-40 last
week: the discount rate remains unchanged at t percent.
The Bank of France shows an increase o f 11,328,000 franca in
gold and 799,000 francs in stiver.
To-morrow being Washington's Birthday and a legal holi­
day, the Clearing-House bank statement was issued to-day.
It shows an increase in loans of #8,033,700; increase In circ’utetion of $180,000; decrease in deposits of #3,300,300; decrease
in specie of $6,137,500; decrease in legal tenders of $2 579 400
and a decrease of §8,191,825 in surplus reserve. In th e’fol­
lowing we give the figures for the previous week in our usual
form in order to preserve the record.
IDiffertn'sfrom ’
I

F’TP~r tru* L-

1805.
Feb. 16.

1891
F,b. 17.

C ap ita l................

61.1*2.704.
61.822,700 39.922,700
73,017.100!
..............
surpm*.. .....
72,028,200! 73.015,200
Loans* <U.«W, .4M ,743,100:|Br .3,311,300 463.382,iiOO'439,:ii*,.ii!0

Ctrcaistlen _____
239,406 11,641.700' 11,975,04)0
Net d e p o s its .,... 493,0.(2,900 i"ne<'c . 261,000 5 3 1,2.14,700:5 / , 9 9 2. .1-.HI
6( sole............... .
,0,358,44/0 I lec.7,142'50(, 81.422,700! 9*,J>8 7.004)
Legal, tender*.... | 89,718,700jn<; .3.814,200 85,149,400 t o 8 .i J7,9 di
Reserve held.......i 16 0 ,077 ,100 lic e 3,298,300
■
166,572,100 207,63 1.900
Legal re*er»e.... 123.25*,225 (Ofl.
63,250 133,059,6 ? 5 :132,498,075

Feb,
15.

Feb
17

Feb.
18.

Feb.

Feb.
20.

IS.

..........ten. d -M -h .
2s.
95 ■ 95 - 95
* 99
is , i.907
rev.
109% * 109 ! 109% n o
4s. 1 4 0 ? .........coop. sj,-l»a. n o *
*109% *109% *LIO
is , 1928..............ten. Q .-Feb. u s
m % * ii6 % it7 %
Is, 1925.......... coup. q .
~ Feb. 116=8 117% 117%
116%
As, 1 9 0 4 ... ......rei:, Q>- Feb. 112 *112
113% 113%
5s, 1904........... coup. q - Feb. 112 ‘ 112 *111% 113%
6s, anFoy,’ 97. .reg. j. *
102 *102 *102
*102
6s, oor'oy ,’9 8 ...-e g . r. t i. *10-1 -104 *104
*104
6s, on r’ej-.’9S .. reg, J. * A. '(0 6 *106 -106
*108
4s, (Cher. 11896.reg, March. l " » -100 *100
*100
4s, (Glier.)1897.reg. Marsh., 100
__ *100 *100
*100
4s, (Cher.) 1898.reg March. ;*100
100 1*100 *100
4s. (Cher.)
arch.l*i.X)
1 0 ) *100
100
... .1999.rev
•."7- M
------**■*
>w
4W
W
' THIS is ihe price old ■>%the m orning board, ou ,a ie « «

The Money Market and Financial Situation.—Wail Street

1696.
Feb. 15.

351

Feb.

21.

* 95
95~
H o s t? 1097.
*110
ilO
* n - % * 1 '7 %
11
U 778 , n
118
s
113% M l 3%
113% 113%
102
102
104
105
*106
107%
- l do
*100
100
*100
*100
I
IOO
unde.

ioo
-ioo

UnitedandStates
Sub-Treasury.-The
following table shows
receipts
payments
at the Sub-Treasury.
Dale.

RaseipU.

Pap me sit

Bainne.es.
Coin.

Feb. 1ft 10,047.314 10,246,731 116,177.246
17
6,086.723
4.963,218 1(6,036,781
16 9. *28,:iS7 9,05*. t i ­ 116,200.269
19 18,243,777 l l ,555.764 120,233,731
20
6,457,517
4,873,176 r n .ise .a u
21 10,548,SOU 7,989.830 122,719,721
Total

58,316.529

Coin C erts.
3,161,941
3,193,624
3,406 519
3,304,447
3,468,894
3,81 4,665

Currency,
83,793,878
85,036.170
85,529.734
85,286,358
8 ‘ ,753,693
80,433,397

48,687,237

Coins.—Following
coins:
S overeign s.. . . . . . $ 4 86
Napoleons ......... s ws
X X Rriehmarlr*. 4 70
.'5 P e s e ta s ............. 4 76

Span. Doubloon*.15 55
M r». Doubloon*. 15 80
Fine gold b a r*.. . p «r

are current quotations in gold for
<**4 S3
a 3 92
a 4 80
<* 4 86
0 1 5 75
»„ 1 5, „75
• % ptwin.

Fine sliver ba rs... — 68 ® — « S ’ «
Five franca............— p y a — 95
Mexican d olla r*.. - 53%<* — 55
Do miooBj’ o la l.. ------- 3 ---------Peruvian mil*..
- 48 a _ 49%
J>og)i*h *>lver . . . 4 80 ® 4 <1
V . 8. trade dollar* — 55 a — 78

State and Railroad B onda-S alee of State bonds at the
Board iTOlude $18,000 Virginia, fund, debt 2-;.is o f lb lit at Of1/
Virginia Os, dt-fd. trust receipts, stamped, at tli?;
$,1,060 Tenn. settlement 3s at 8
to 88&, and $47,000
Louisiana con. 4s at 09.
The railway bond market has beeit conspicuous for activity
and strength and thane conditions have inoreased as tile week
advanced.
Northern Pacific issues have been the principal features
the transactions m them aggregating a very large amount
and prices haveadvanced fromaboutS tofipoints, Thismovement is due to the belief that a plan for reorganizing the
Northern I ftoiflo Company is being matured by parties who
have been successful m such undertakings in the past and
that the plan will be announced in the near future.
The strength of Northern Pacilic bonds and an increasing
demand for investment securities have caused an advance in
all classes o f railroad bonds which in many canes has
reached from 2 to 5 per cent within the week. This is true
& Gu l f
L- 1 Htah NorUit!,'n>U. P. Den.
* ? ulf» . % . !W *
Den- ^ 'ty. St. L. & 8. F,, Chicago & No.
f ‘lc NV1H- Central bonds. Among other issues which
lfan .tXnv not^bIy active and strong arc the Atchisons, Mo,
p
i Texaa& Pactfic, Dc-u. & Rio Grande, Kansas
o

h

& E r ie * W a b a 8 b ' 0 h e 8 - &

Stocks,—The market

Railroad and Mlsceilaneons
for
r^Sfiiri^1n^U,r f'f
of lr,1-ljrov,“d financial conditions,
fri iMurv
f, tr° m 1,J UI'gl
of gold into lho
I reaamy and the progress which has been made towards a
settlement
of
international
dillerences.
This
influence is
Sttrpln* reserve 3 6 .916 8 7 5 fD «.3 .3 H 3 .5 M ) 33,513.425} 74.538.825
S
M
S
8 to railway shares, notably those which are
K x c l n i n g e ,- C o n d i t i o n s in th e f o r e ig n e x c h a n g e w it h in H ^ 1’ i“ nd t “ '1* claKS of securities lots advanced
. r i
average o f about 2 per cent for the
U n it e d TZ T Z P r a c u c a iijr u n c h a n g e d , T h o d e m a n d h a s i j n
active list. Burlington & Quincy advanced nearly %points
h ^ (X e m S l y
i0T hw aea80n o f tho
Quotations on the announcement of the usual quarterly dividend
re(W t 'f h '7 ‘ e r;‘ '1K(-r gr,.m(, and some o f the trunk line stocks
s i x t v ' rate? (£ , l x0F in* e w«rea* follows; Bankers' reflect the favorable traffic reports now so general. On very
s a ^ the coal stocks haw been steafy, except U r n 'S
S & £vbS S S t i m m i 88« : d“ d-• hunted
of N .J., uiuch ha* advanced over 1 point. Manhattan ElePosted rates of leading bankers arc as follows;
crone! n continned subfeet to a manipuiatiOn which is not
generally undeMtoofl, and fluctuated between 108 and 107
February 21.
F itly Bays.
Demand.
ie<I w ft e iftn,al (Wt “ “ been exceptionally dull and teaturele-s, which may be regarded as evidence that the present
* 87 si 9 7 % 4 88% 34 »9
Prime S K s s s s r 0* biii* °n
4 *5% * 4 8>i
............
5 (jLdKS6 \n t le mark®t is more of an investment than a s'oec4 95% 9 4 8 5 %
............
| ulative character. The principal changes have occurred in
5 161%, f i r ,
fu g a r and cliicagiTias, which haveadvanced 3
<guM6*r») hanim™;;;;.;;::" ft3 B I S „ * iW%
,,
40>* » 40S1*
rrangfortor firem
en(relcum
aflm
) bleera*
|points and I bf pomte respectively, U. S, Leather nfd had
**
95%
declined 3J^ per cent early in the week but has recovered.

THE CHRONICLE.

352

[VOL. L X II.

NEW YORK STOCK EXCHANGE—ACTIVE 9 1 0 0 K S fo r iose!c ending FEBRUARY '21, and since JAN. I, 1890.
HIGH EST AND LOWEST PRICES.
Saturday,
Feb. 15.

Monday,
Fob. 17.

Tuesday,
Feb. 18.

Wednesday,
Feb. 19.

Thursday,
Feb. 20.

_____
Friday,
Feb. 21.

STOCKS.

Sales o f
the
Week,
Shares.

Range for year 1896.
Lowest.

16%
25 *4

16% 16%
25*4 25%
*°8
78
*3 5 % 37%

7 17% Feb. 10
7 26% Feb. 21
7
% Feb. 6
11 44 Jan. 27
4 59% Feb. 11
7 5 1 34 Feb. 10
7 109 Fell. 5
9 153ft Feb. 15
7 18% Fob. 10
-O
®

tS°
f—
J
00

A c t iv e R U , S lo c k * .
16*4 16*2 1 0 % 10% 1634 17% At,Top. & S.Fe, all instill, paid 14,552 12% Jan.
26% 26%
3,186 19*4 Jan.
20
Do. pref., when issued..
25% 25% 2(1
1,200
*2
3ft .Jan.
% Atlantic A P a c ific ...................
%
%
-%
35*2* 36 Baltimore A Ohio....................
1,107 32 Feb.
37
36 *a 3G*2 37
37%
......... 52 Jan.
*57
58*4 Canadian P acific....................
*57
58
58
“57*3 59
51
51 Canada Southern....................
1,412 45*2 Jan.
51
50% 51
50*8 *50
50*4 50
100
107*3 108*3 107 107% 108 108% 107*3 108 *4,Cent m l o f New J ersey............ 11,092 94% Jan.
150 14% Jan.
16*4 lo*4 15*4 Central P acific.........................
16*4 *15*4 16*4 *15
16*4 “ 15
2,570 13 Jan.
17% 177ftChesapeake A Ohio.................
17*3' 17*3 17*3 17*3 17%! 17% 17%
1*154 160 *154 1 (0
81% x79% 80%:Cbicago Burlington & Quincy 49,360 7 1 % Jan.
7 9 % 80% 81
70%
80*8 79% so%
“ 43
47 Chicago & Eastern I llin o is ...
*43
47
42*2 Jan.
46
46
M3
M3
•43
46
*99 102
103*o
103%
Do
oref.
98 Jan.
“100
MOO
*98 108*3
78
78% Chicago .Milwaukee & St. Paul 112,026 63*2 Jan.
775* 77*4 77% ! 77% 78%
76*4 7 6 7a 75% 76-% 77
129*3
130
Do
pref.
6
d
0
125
Jail.
■•1283, 129% 128% 120
129*4 129% 1295ft1295ft 129% 130
8,277 9 4 7e J an.
103% 103% 103 V 104*3 104*4 104% 101*8 104% 104% 105% 104*2 1053ft Chicago & N orthw estern.......
*145
60
142
.Tan.
146*i
*145
•144 146
*145
733ft 7418 Chicago Roclr Island & Pacific 36,408 62 Jan.
72%
73*3 73%
71% 72 V
72% 73*4 73
760 31*2 Jan.
41 Chicago St. Paul Minn. & Om.
40
40% 4034 41
*40
41
40
*40% 41
*40*4 41
122 123 *122 125
Do
pref.
49 117 Jan.
•122 124
120*3 120*3 *122 125 * 122 125
2,830
38%
39
38%
31 Jan.
38
Cleve. Cincin. Chic. & St. L ...
38
38%
38
38*8 38
38*4 38% 39
247 90 Jan.
Do
pref.
•88
00*3 *88
90*3 *89
90*3 89% 90*3 90% 90*3 905ft 90%
250
17%
15
Jan.
*17
17*4 17*4 Columbus H ocking Val. & Tol
17
17
17% 17% *17% 17%
•17% 18
62
62
62
62 A
62 *
569
129
129 129
128% 128% D elaware A H udson___T........
119% Jan.
129
127*3 127*3 ■127% 128
128 129
*1611*» 164. *162
*1621q 164 *1611* 164
200
*13
“ 13*2
*13*4
14
13
13
4,210 40 Jan.
4 7 % 48%
47
Do
. pref.
*46
47
47*3 48%
47*4 46*4 46*4 46% 47
400 25 Jan.
34
34
33*4 33*4 EvansviUe A Terre H aute___
•32
35
35
-32
'33*4 34
*33*3 34
39 110 Feb.
no
110 *110 113 *110 113 *110 113 '1 1 0 115 Great Northern, p ref...............
110 113
110 89*4 Jan.
*95
97 Hlinois Central........................
97
•95
“94
97
96
96
96
95*4 95*4 ‘ 95
773
9*«
934
9%
9*2
9*3;iowa Central..... ......................
9%
7*4 Jan.
9*2
*9*3 10
9*3
9%
9%
“ 35
1,314 25 Jan.
37
37
36% 36% 36*4 36*3 36% 3634 36
36
‘ 35
Do
pref.
970 18 Jan.
21*3 21% Lake Erie & W estern..............
■*21*4 22*4 20% 21*4 "21
22*4 *20% 22*4 213ft 22
7434 74%
240 64% Jan.
75
75
75
*73
75
75
Do
prof.
75
75*8 75*8 *73
145% 146 146*2 1465ft 147 Lake Shore A Mich. Southern.
1,454 134% Jan.
•144*3 145*3 146 146
145 145*0
84
84 Long Island...............................
•210 81% Feb.
*82
84
*82
*82
84
85
85
84% 82*3 82%
21
21
2l*o 22
3,591
-24
21*3 21*3 21%
52% 54*8 Louisville % N ashville___"... 71,918 39% Jan.
50
50% 49% 503a 50% 513ft 51% 51%
52
53%
3,270
7 % Jan.
9%
934
*9%
10*4
Louisv.
New
Albany
&Cliic.
9%
9%
9%
*9*3 10*3
9*2
10*3
9%
1,673 16*2 Jan.
23*a 24*3 22*3 23
23% 24*3 24
24
Do
pref.
24
24*4 24*4 24*4
104% 108
103 106 78 104% 107
105 106*3 Manhattan E lev a ted ,con sol.. 23,84=> 963ft Jan.
105*3
106*4
104*4
105*3
*
106U 106*1 *105 107
313
107
106 106 *106 107*2
____
21»4 Minneapolis & St. L ouis.........
21
1,000 17 Jan.
*20
20% 20*3 *20
21
20% 2 0 34 21
20*8 20%
852 72 Jan.
■78
81
79
80
81% 83
80
81
Do
1st pref.
80
79% 7 9 % 81
2,450 40 J an.
40
49
50
*48
49
49
50
52*4
Do
2d pref.
*48
49
49%
50
133ft Missouri Kansas & T exas.......
13
13
920 10*2 Jan.
13% 13*4 33
*13
13
13*3 *1234 13*3 13
29% 29V 30
2934 30*3
8,309 22 Jan.
29*4 29% 29*4 29% 29
Do
pref.
29=8 30
2234 23% Missouri P acific........................ 26,436 2 0 7s Feb.
2234 2338 23% 23%
22% 24
23% 23% 23*8 23%
23% 23% *23
100 21 Jan.
24 M obile A O hio...........................
•23*3 24*4 *23*3 24*4 *23*3 24*4 *23*4 24
*65
85
*65
85
*65
*65
68
52
*48
52
52
*48
*48
52
*46
52
*46
52
97% 07*3 97% 97% 98
3,822 9334 Jan.
98% 973t 98
98
98*4 98% 98% New Y ork Central A Hudson.
*13
1334 14 New York Chicago & St. Louis
200 11 Jan.
14*4 *13
14
‘ 13
13%
14*4 *13
13% *13
*63
75
-63
75
*65
75
*65
75
85
75
*65
*65
Do
1st p rof.
71% Jan.
i*23
30
30
*28
2934 29%
110 26 Jan.
*28% 30
29% 29% *28% 30
Do
2d pref.
*16
17
*16% 10% 16% 16 34 16% 16% 17
6,670 13*2 Jan.
17%
17% 17*4 N. Y. L. E. A W ’n, all ins’t p d ..
1,350 23 Jan.
28*4 29
28*3 28%
'184 186 *183 186 *183 186
184 184% New Y ork New Haven A Hart.
25 175 Jan.
185 185 *183 185
15*2 15%
15% 10*3 15% 15% 15*8 15*8 15*3 15%
3,900 123ft Jan.
15% 15% New York Ontario A Western.
9%
9%
10% 10*4
702
9% 10
9%
9%
8*4 Jan.
9%
9%
9 % New Y ork Susq. & West., new.
9%
27% 28% 27% 28
1,935 21*4 Jan.
28
28
27*3 27% 27*3 27%
28
28
Do
pref.
2%
2%
*234
3
3
2%
3 Norfolk A W estern...................
905
*2=8
2%
2 Jan.
3%
2%
*2%
838 *7*3
8
8
8*o
110
*7%
*8*3
9*2
4
4
i
4
4*8
4 % Northern P acific......................
3,500
4%
4*8
4*8
4*4
4*8
4%
2 V Jan.
15
*14% 15%
15
1534 15%
15
16
3,850 10*8 Jan.
Do
pref.
15*3 15% 15%
16%
*12
18
*11
18
10
10
700 10 Feb.
.10
*10
15 Oregon R’ y & N avigation C o.
10
10*4 10
• *7%
8%
7%
8
911
7%
7%
9
8
7% Feb.
7%
8
*8
8 Oregon Sh. Line A U tab North.
*3%
*3%
4
3*3
4
4 Peoria Decatur & EvansviHe.
*3*8
*3%
4
4
*3%
2% Jan.
*3 %
13*4 13% 13*4 14
13% 13%
13% 13%
13*4 13%
13*3 13% Phila.A Reading ls tin s t. p d. 10,300 +23ft Jan.
18% 18*8 18
18
18
300 14% Jan.
18
*17% 18% *17*3 18% *17
18 Pittsburg Cinn. Chic. & St. L.
*56
58
*56
58
*56
58
*56% 58
Do
pref.
52 J an.
*56*3 58
*56*2 58
•18
20
*15
20
*15
20
*17
20 Pittsburg & W estern, pref___
20
*17
20
*17
17 Jan.
“16
18% *17
18
*16
18*4 *16
IS Cl •16
1SU *16
18V
16 Feb.
*115*2 116*2 *115% 116% *115*4 116*3 *115% 116% *115*3 116*3 *115% 116% Rome W atertown A Ogdensb.
115 Feb.
60
*58
60
*58
60
60
*58
60 St. Louis Alt. & Terre Haute.
57 Jan.
*58
60
*58
5*3 5*3
*5
5*3
420
5*3.
4 J an.
*4 %
*0
5*2
5%
5*2 St. Louis Southwestern..........
*4%
4%
11*3 11*3 11% u %
12*4 12*4 *11% 12*3 12*3 12%
1,510
9 Jan.
12*3 12%
Do
pref.
*25
28
*25
28
*25
28
*25
28
27
100 27 Feb
27
*27
29 St. Paul & D uluth....................
*89
94
•89
94
90
90
*90
95
“90
Do
pref.
50 90 Feb.
95
*90
95
*109 113*3 ‘ 109 113% *109 113*3 *109 113% *109 113% *109 113% St. Paul Minn. A M anitoba...
110 Jan.
20% ‘20*3 20% 20% 20% 20%
203s 203g 20*8 20%
1,860 19% Jan.
20*4 203ft Southern Pacific C o.................
*10*Q 10**8 10
10% 10*4 10*4 10% 10*4 103ft 10%
4,176
7% Jan.
10*4 1 0 % Southern,voting trust, certif.
31*2 3 1 7a 31
31%
31% 31%
31% 32%
32% 33
Do pref., votm g trust, cert. 18,584 23% Jan.
32*8 33
8*8
8%
85s
8*3
85ft
8%
8%
8%
Texas A P acific........................
8%
8%
8%
1,480
7% Jan.
8%
30
37
‘ 30
37
*30
37
*30
37
*30
*30
37
37
65
75
*65
75
*65
75
*65
“ 65
75
75
*65
75
67s
7
6%
6 78
6%
7%
6»4
7%
7%
8
8% Union Pacific trust receipts.. 24,956
8%
3*2 Jan.
D
5 *2
5
5
5
*4*3
4 % 434
5
850
3% Jan.
5%
5%
5% Union Pacific D enver A G ulf.
7*8
7^8
7*4 7*4
7
7
7%
7%
7 %. 7%
1,830
6 *s Jan.
7%
7% W abash................... ...................
18% 18*3 18% 18% 18% 18%
18% 18% 18% 19%
Do
pref. 11,060 14% Jan.
18% 19*8
12% 13*8 12% 12%
12
12%
12
12% 11% 12*3 12
12*4 W heeling & Lake E rie............ 28,599 10 Jan.
40
39*4 39% *38% 40%
39*2 39*3 40
40
Do
pref.
905 34*2 Jan,
38% 38%
4
*3
4
‘ 3%
4
‘3
4
*3%
4
200
2% Jan.
4
4% Wise. Cen. Co., voting tr. ctfs
_^
M is c e lla n e o u s S to c k s .
18
18
"17*2 18
*17% 18%
18*4 18*4 18% 18% *17% 18% Am erican Cotton Oil C o.........
213 16 Jan.
*67*3 69
68
68
280 63% Jan.
68% 68% 68
68
Do
pref.
*67*3 69
1 14 V 1127q 115% 115*3 116*4 1147ft
116
115% 116% 115% 116% Am erican Sugar Refining Co. 132,705 97 Jan.
101*8 101*8 10 0% 101
101% 101% 101% 101%
Do
pref
1,701 95 Jan.
80*3 79*3 80V
79% 80% 80% 81%
80% 81% A m erican T obacco Co............ 58,789 7 4 34 Jan.
102
102 102
102 102 >101. L04
365 100*8 Jan.
102 108*8
Do
pref.
67*4 68%
68
69% 08
08% 68% 68%
68% ChicagoGas Co., certs, o f den. 21,105 62 Jan.
68
108 108*3 158 158
157*3 157*3 157
L57
158*3 158*3 Consolidated Gas C om pany..
2,019 143 Jan.
18*4 18°8 18*4 187q 183s 18*3 18
18% ■ 18% 18% D is.&C.F.Co..tr.cts.allins.nd. 11,990 14*4 Jan.
.30% 31V
3 0 78 31%
30% 3 i%
31% 31*3 313ft 32
31*2 32 General E lectric Co ................ 13,820 22 J an.
72*8 72% *68
70
70*8 70% *66
72
69 Illinois Steel C o ......................
113 62 Jan.
69
27
2/
27*3 27
27
26*3 27
27
27*4 27% 27% National Lead C o.....................
3,647 23 Jan.
88Ja 89*4 88*2 88*3 89% 89*4 88% 89
*88% 90
Do
pref.
360 82% Jan.
*88% 90
5*8
5*8
538
5*8
5%
5%
6
6 *4'North Am erican C o................. 16.310
5%
5%
4 Jan.
297e 29*4 29%
29
29*s 28% 29% 28% 2 9 % 29*4 29 ^ P a c ific M ail............................... 11,830 22*2 Jan.
id**
*138
*137
*135
160 160
161 161
161% 101% 160 102
160 160 *159*2 162 Pullman Palace Car Company
803 148 Jan.
O/ '8 b ( «3 6 / ”6 *67 5ft 68
*67% 68%
69 Silver Bullion Certificates___ 30,000 6 7 V Jan.
33%
32
3o*.j 3 8 *3 34
333ft 33*2 33% 34*8 33
3334 Tennessee Coal Iron & R R ... 14,525 23 Jan.
5%
5%
5 “'a
5%
9%
5%
5%
5%
2,206
55ft
5%
4*2 Jan.
5 % U.S.Cord.Co. .tr.rec all Ine.pd.
11%
11% 11%
1 1 % 11% *11% n %
800
Pref., tr. reo. all ins. pd.
9 Jan.
11*4 11*4
1078 11
u% n%
11
115ft United States Leathor Co.......
4,170
9 Jan.
1 1 % 11
6(»7e G.>78 67*2 66
6b % 66% 67*2 66% 68%
Do
pref. 39,699 56*2 Jan.
2 1 % 27% *27
28
1.821 24 Jan.
28
28%
28% 28*3 United States Rubber C o.......
8538 857s 85*2 85%| 85% 86%
9,306 81*2 Jan.
86
86% Western Union Telegraph___
These are bid and ask ed ; no sale made.
|| L ow est is ex-dividend.
i B efore p aym en t o f any Instalment;
16%
25
*V
*35*2
*56*3
400*
106%
*15
17%
•154
80*3 7098
*43
45

1638 16%
25*g 25*3
78
37
37
*57*4 50
•50
51
106V 107%
15^8 152*8
17*a 17*3

Highest.

43 Jan.
98 Jan.
787s Fob.
130 Feb.
10534 Feb.
14 6*2 I'Vb.
74*4 Feb.
41 Feb.
122 Feb.
39% Feb.
90*2 Feb.
18 V Jan.

10
18
23
21
10
11
10
10
21
13
10
20
23

7 129% Feb.
7
14 14 Fob.
7 48% Feb.
15 34 Feb.
5 111*2 Fel>.
8 98 Jan.
7 10% Feb.
6 37 Feb.
6 22% Feb.
7 75 Feb.
7 147- Feb.
3 84 Jan.
10
7 54*8 Feb.
8 10% Feb.
6 2434 Feb.
9 113*2 Feb.
6 108 Feb.
8
8 21% Feb.
10 83 Feb.
7 52*4 Feb.
(5 13% Feb.
7 30*2 Feb.
4 26% Jan.
9 25 Jan.

11
31
4
21
20
14
31
7
14
5
7
21
7
19
21
18
13
11
6
11
21
21
21
21
14
2
11

8
7
2
17
17
7
10
7
7
8
7
28
7
8
8
18
7
9
7
7
8
15
8
7
29
7
6
20
4
22
23
8
7
7

99*8 Feb.
15 Jan.
80 Jan.
29*2 Feb.
175s Feb.
29 Feb.
186 Feb.
15% Jan.
1178 Jan.
31*4 Feb.
3 Feb.
9*4 Feb.
5 Jan.
165ft Feb.
16 Jan.
8 Feb.
3 7q Feb.
153ft Jan.
18*4 Feb.
58 Feb.
2038 Jan.
18*2 Feb.
118 Jan.
60*2 Jan.
5% Feb.
1278 Feb.
27 Feb.
91 Feb.
115 Jan.
22% Jan.
11 Feb.
33 Feb.
9 Feb.

28
10
22
22
14
20
20
10
31
31
6
21
5
30
21
27
11
10
31
7
10
HI
10
3
3
7
7
20
10
11
14
6
20
10

83ft Feb.
7
7
5*2 Feb.
7
7 V Feb.
7 19% Feb.
6 13*4 Feb.
7 40 34 Feb.
4% Feb.
18

4
13
6
20
14
13
21

20 19 Jan.
20 69 Feb.
7 116% Feb.
6 101*4 Fob.
24 84*2 Jan.
7 1 0 3 Feb.
7 69*4 Feb.
7 161% Feb.
7 19 V Fob.
.6 3 2 7ft Feb.
23 70 Feb.
6 28*2 Feb.
7 89*2 Feb.
6*4 Feb.
6
31 Feb.

27
11
20
20
4
13
14
10
10
13
14
10
14
21
10

7
10
23
7
7
7
8
7
7
7
7
30
7

7 1 6 1 Feb. 11
8 69 Feb. 21
7 3 134 Feb. 10
6
6.:*8 Feb. 7
7 1238 Feb. 7
9 1178 Feb. 8
9 69*8 Feb. 14
8 29 Jau. 13
22 87*8 Feb. 10

THE CHRONICLE.

February 33, 1896.]
, c, <f

353

SkOtftMhMS PSU’ BS(Oddtimed) —
IN A O r tP B iTOORij.
F «h . 21.

INACTIVg Stocks
1 1ndicate* unlisted.
R a ilr o a d S to ck s.

Range (sales) in 1896.

Bid.

Ask.

Lowest

Reb. 21.

INACTIVE STOCKS,
f Indioates unlisted.

Rujaest.

M is c e lla n e o u s S to c k s ,
Adams E x p r e s s . ......................1 0 0
American Bank Note Co I f _____
American E xpress...................... 100
Aril. Spirit Mftt. Co (when issued)!!
Preferred (when issued)1f............
Amer. Telegraph & C able.........100
Bay State Gas U .......................... 50
Brunswick C om pany..................100
Chic. Juno. By. A Stock Y a rd s.100
Colorado Coal & Iron D e y e l...l0 0
Colorado Fuel & Ir o n ................ 100
..1 0 0
Preferred .............
Columbus & H ooking C oa l....... 100
Commercial C able....................... 100
Consol. Coal o f M aryland------- 100
Detroit Gas.................................. 50
Edison Eiee. n i. of N. Y ............100
Edison Eleo. IU. o f B rook lyn .. 100
F.rie lelegraph A Telephone ..1 0 0
Interior Conduit A In s......... ...1 0 0
Laclede G as.................................. 100
P referred....................................100
! Maryland Coal, p ref.................... 100
! Michigan-Peninsular Car C o ... 100
i Preferred....................................100
j
National U nseed Oil C o........100
National Starch Mfg. C o....... 100
i New Central COal........................100
|ODtarlo Silver M in in g .......... 100
' Oregon Im provem ent Co...... 100
Pennsylvania C oal................. 50
Quicksilver M ining................ 100
j Preferred...............................100
Pacific Land T rust.....100
cl. Cordage, guar., tr. eerUs.100
V. 8. E x p ires................
100
; U. 8, Rubber p referred ...... —.10 0
f Well*. Farvo E x p r e s s ............... 100i

175
0 Jan.
10% Feb.
;io % ___ _
30
24 Jan.
■ii
29*8 t eb.
10
7 Feb.
6
7 Feb,
140 131% Jan. 131% Jau.
lo t
100
....
16
....
15
24% 21% Feb.
24% Feb,
12#
10% 18
10 Jan.
15 Feb.
___
55
80
65
.51% 41% Jan.
til
53 Jan.
10U ........ 155 Jau. 157 Jan.
t h Jan.
8%
7
7 Jan.
....
45
53
Preferred....................
.100
6%
4% Jan.
6 Jan.
5%
Jolath So. Shore it Atb
13
14% 11^8 Jau.
100
14% Feb.
Preferred f _________
13% 13 Feb.
14*8 Feb.
{13
43 Feb.
11% 40 Jau.
Preferred................................
....
....
....
Gr. Bay W in .& 84. P. tr .r e o .. .100
Preferred trust reel*........ .100
.100
1%
2%
85 Jan.
.100
85 ja n ,
100 in
27% 25 Jan.
25 Jan.
8 Jan.
100
7
8 Jan.
K&nawtta. A M ichigan..
«%
4
2 Jan.
3%
2 Jan.
17% *20%
....
Preferred.
1Oft
4
100
9 Jan.
12 Feb.
1%
%
I Jan,
2% Feh.
100
162% Jan. 166% Feb.
.100
.....
New Jersey * N. T ............
—*
Preferred................. ............. .100
1 oo
115% Jan. 120 Jan,
70
.i o o
60
15
....
S
Ohio Southern*00
6
£1
3 J*n.
5% Feb.
182 Feb. 182 Feb,
.*00 181%
44
100
39
46U
Feb
Bio O rat'd- ife n e ra p r e f....
4-5%
■* o p nee F rid ay ; latest prsoe this week.
i A ctu al sales.
Preferred..

/'tIndicates actual sales, J

100
:
io n
100
100
100
io o
100
100
100
100
100
so

Range (sales) in 1886.

Bid.

A sk.

149
41
110

152 14(3 Jan.
l a ’s
111 % 110 " j a n .

Lowest.

92
95
17*8
%

Highesifg
150% Feb.
115 " j a n .

91 Jan.
18% Fub.
% Fob.

95 Feb.
22% Jan.
% Feb.

3
2% Jan.
3%
133 At
23% Jan.
94*8 Feb.
‘.91*8 95
3
1% Jan.
3*8
155
30
40
30
27
95
96
89 Jan.
"60
25
!23*g 24%
581 %
60
50
172
18>s 19%
JO'S ” g
6
10b 12
2*
3%
325
2
l 7e
15%
%
6%
21
23
145
J8*>«
97 102

8

4%
33%
95
4

Jan. 5
Feb.
Feb,):
Fek. '
. . . •*#

95

Ja« « t
JanTi
ran.it
F?ehji
eb '!
Feb.ij
?eb,§
Feb,*

60%
35
18%
78

ja n .
Feb.
Jan.
Feb.

62%
35
24%
32%

59%
53
18
4%
8%
8
2%

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

60 Feb.
72 Feb.
20% Jan.
6% Feb.
8*a Feb.
10% Feb.
4% Jan.

2

Jan.

2

5
17
38
83
97

Jan.
Jan.
Jan.
Jan.
Jan.

24%
45
89
1C1

ja m

6 "ja n .

Feb.
Feb,
Jan.
Feb.

NEW TOES STOCK EXCHANGE PRICES.—O T A Tr BONDS FEBRUARY 2 1 .
SECURITIES.

SECURITIES

Alabama—Class A, 4 to 5 ........ 1906
Class B, 5 s ........................ ...1 9 0 6
Class n, 4 s ............................ 1206
r v i ' e n d i n g 4 s......... ..1 920;
Arkansas—6s.'a n d trei t * i 'M » 0 o
d o. Non-Hoi ford
7s. A rkansas C entral RR
tou lslan a—7 s, co n s . . . . . . . . . . . 19 14
Stamped 4 s .................................
S ew eoaole. 4*....................... 1914

North Carolina—6s, o ld .......... JAJ

Oil.. . ..a .a..............

iouth Carolina—t%V,'sgMo’ .I93S

350 .0

hHJj
L «0v j
229.4

*78,6
105.3
489.4
0

w 00

*• 88®
479,2

2’>,7t>0.3 1*. 2*8,2
1,858 0
189.4
22.497.3 3:181.7
3.877.1

724.5

m i

188J
iso,.©!

3,246.0’

304,0

8,114,6
053,8

1,098.7

014.

137,2

277.5

43

1.181,0:
201.5
413,2

im s

H i.5
2.108.3
479,4;
7,131,0

202.1

72,7
5? l .i

300.0
437,0
Nev 5otk County.'
750.0
27*1,2
German American..
Chase National........
500.0 1,307,4,
100.0 1,054.4
Fifth A venae, . . . .
Gerraao Sxohaage.
200.0
34)0,0
German l a ...............
Catted State#........ .
Lincoln,................
Pamela.. ____ ___
Fifth National .....
200,01
Bank ol me Mstror..
300.0
West side . . . .. ....
200.01
aesho.-ird ................
6€>o,o
BUSH National ......
200.0
Western National.. 2 ,100.0
First Nat. Br'kiyn..
300,0
Sonlh -rn National..
5O0*0|
Nat. Union Bank,.., 1,200.0
Libert* Nat. Bank
5W),i*
K V Proit. Kxcb'ge 1,000,0

324.0

4.8o7.e'

280.8
1. U4 8
184.4;
270.0

Mv, l
771.4

180.2.
331.7

31.045.4
1.074.0

ai r m

3.154.1

1*449*0

2.170.0
023*0

3,151,6
1.081.0

233 2
3,601.1
24.547.0
20,201,2 i l l t S

5.301.0 17.010.0

kaSSfeS

6.929.0

4,624,0

...........
m
10,0*8,1

4 48 .0
963,7
1.806,1
988,1
9.S02.3: 831,1
2,051,0; 228,5:
n\i
5.804.8
#91A
1,967,9; U ,997.0! 3,331.0
342 .5
2.861.0
893,6:
4
2.845.1
43,1.8
*«i,5
2.411.8
139.ll

848,7;

#,547.8

3 .777.1
2.051,9!

3-2.1
275.8:

5,334.4

200.2
1,180,5,
675.9

2.072.0

17.307.9
4.533.2

3.202.3
10.7 <0.5

5.772.0
313-3 2,933,2
5.1507.0
1,035.2
0,237.0 1 *,577,7

H ftfi

2.735.0

300.1

505.1
1.015.0

*72 1L

3.044,5
3.026.1

4.199*9

fSLO,

2.066.2
8 865,6
6.167.1

9.612.0!

i28.010.9
tm

*50,3
m tM

0 019.8

237.7
) .069.3
4,010.*-; 17.509.1
9*U6&0
1.501.0
1.230.0 j 0 540,0
3.700.1
470.3

3,514 0. 18.286,8
033.4
296 0

8.275,7
1.415,4

371.1
4 .988.7
1,172.3

2.60O.1
18,108.2
7,521,8

393.0
174.4
06».6|
43 U

3.053.0
3,460,2
‘

*

935.1

1.134.8
473-8
3*1.8
881.81
4 1 2 ,0

SB!

. 61. 123.7:73.017,1.461.743.L 70.358 4« 89.718.7 493,032,9

Bid.

Virginia funded debt, 2 -3 a ...l9 9 1
1 6«. deferred t’#t reo'te. etam-ier!

6 s,a o n -fa n d ................... ....... 1888

*13.170,0 *1.530.0 *1 540.0 *11.626.0
2 425.0 1 1.87)1.0
13.120,0 l, I6-.0
s.5 79,2 1,618.1
1 131,7
0.047,0
7.723.0
9S6.0
7.219.0
1 0 8 .0
I S .i f 5.1 2 818,6
8.96',4 19.000,2
422,0
i - •
0 * 9 ,0 : 3.341.0

3ECUR1TLE8.
Tenneeuee—6*. o ld ......... 1892-1898
6e, new b o n d - ------- 1892-8-1900
do
new n e r ie e ..............1914
Compromise, 3-1-5 6 s . , . . . 1912
3 s . . ........................................1 9 1 3
Redem ption 4 s ...................... 1907
do
4% *...................1913

103%

2,073,5
903.7

3,207.7
72,1
7.332,5

Aak.

New bond-. !
......1092-1898
Chathan: RR
Special ta x . Class 1

N e w Y o r k C it y R a n k S t a t e m e n t f o r th e w e e k e n d in g
F e b r u a r y 15, 1896.
W e o m i t t w o c ip h e r s (00> in a ll ea ses,
ban k s ,
(00s omitted.)
Oapilat OurpCt Loins. Sp <-««. Le/aM. Deposits
Sank of Sew York.. *1,000,0
Manhattan Co.— -,. 2.050.0
K «n k M M f..,..........; %OW,.
M echanics'............ 2,000.0
America................... 1 ,4 0 0 ,»
Phenlx..................... 1.000.0
City.......................... 1,000.0
n * — ----750.0
300 .0
Oiem ioal.............. .
000.0
stereomaU' «.*orrge
Gallatin National... 1 .000.
300.0
BatohenVAttrover*
Stechauios’ m Trad’s
400.0
200.0
Greenwich..............
Leather Manafac’r*
!8&8
•svenO! National...
State of Sew York.. 1,200,0
American Exchange 5.000.
Commerce ........ ..
5.000.
1.000.
Broadway.............
1,000,0
Mercantile........... .
422,7
PaciBc------ ---------BepabUo ................ 1,500,0
450,0;
Chatham.................
200,0
People’s ................
700,0
North America .....
H anover............ .
Irving. — ..............
Oltuen’s ------ -------- ‘ 3 : :
Nassau............ — -.
® Si
Market A Patton...
Shoe St Leather----- 1, 000,0
Corn E xchange..... 1,000.0!
C on tin en ta l---------- 1,000,0
300.0
Oriental ................
Importers-* Traders
Par*...... ................ m s
East River ...........
2VI.0
3.300.0
Fourth NaBonal ..
Cettrsl National ... 9.800.0
H'OOtld Natirm.t
S u n s Natunal---- 50O.fl
First Sfattoi;,,,.
Third National...... 1*000.0
300 .0
N. Y'-Nafc. Exe&aogr

Bid.
......

86
61% 62
6 1___

Sew Yurt City* Boston aad P h iladelphia B anks;
Ba * ks .

Capital As

\

S urptm .’

Loan*. ■
- Sped*.

Legal*. ■OcpmiU.t OircTn Clearing*-.

* . If.*

Jam 25... l#4,?39,8 447.*59,9 78.18'i.»
Feb. 1 L. 134.UP.tl [417.1*2.7
8- 134.1X9,4 4 A A U S 3
** 15., 134.lSvi.sUai.M8.1 70.358,4
** 21.. 134.1S9.8 *67.7118,8 03,920,9
Bo*.*
Feb* I.. «9,?,61,« lUO.sxt.o 11*440,0
“
8.. UB.3S1.8 169,810,0! a m o i
•* 15., 88,3# 1.8 169.968.0 0,920,0

«a?i:
“
a,

S3, h5 2 ,8 14 8 0 ,7 4 0 ,8
«5 ,3 H «,3 4 9 0 ,4 * 7 ,2
8 L « 7 4 .6 4 0 2 ,7 7 ).9
89,718,7 4 9 3 ,0 3 2 .9
9 7 ,1 3 0 ,3 4 9 9 ,7 3 2 ,0

1.3.810,6
lH ,700,0
13.415.8
13,200.4
13,300,4

6.391.0 137,007.0
4.940.0 135.520,0

8.906.0

76.409,6

82,121,4

8.892.0

4.700.0 133,829,0 0,090,0

29,039, >

36.283.0 107,290,0;
36,-18X0 11*8,841,0

V 5.387,0
i 102,4 42.0
101.988,0
* We omit am cipher* in alt them figure*, t tooludlag for
doiphiA tba it«m ’*due to otli® ‘
**
38.174.0
27.251.0

“ 16,-1 36.383.0 108.777.0

*

510,040.4
600 420,0
508 778,2
555,730.3
524,820,8

8 4 ,8 3 9 .9

0,402,0

50.015.1
07 0 3 0 .0

6,41U>

68,576,3
Boston and Pblla
6.336.0

M ls e e ila n e o n s a n d U n l i s t e d B o n d s ;
31 t*cvIl«n e«o B onds
BiMto-n Un. Mm tr *o»ni.. on.

Ch. J an

’H lic e lla n e o B i Bond*.
Mftobmt. Beach H. fie h. *. 4*
Metronol. Tel, fit Tel. 1*4 5s.

8 . Y d » .—€ n l . t . g „ 5 «

CoL O. &. L DoreL fin. 5 s .....
Oolorndo Fael—<3nn. 8#.........
CoL & Honk, Coal fit I .-0 * ,# .
ConA.fiM COwChic.—1*4 fiu.fi*
Consol. Coal ooov. 6 * .........
Hot- Omt oon. 1st 5 * .............
Alison Ei*o, 111. Oo,—l i t 5* .
i-*t mmol., go id, fis.. . . . . . . . .
Do
of Bklrn., 1st 5 *....
Eqxm. fl.-L,, N. Y., non*, k 5*.
Equitable O. fit F.—l* t 6*
Henderson B rld^e-lm #. 6s.
Illincoft 8 tool deb, 5 * . . . . . . . . . .
Non-eonr. deb 6*...... .
jP t Cotxl fit In*.deb. 6s . ...

M ich.-Pont« Car 1st 5*.......

* 88 b.
95

b.

11 he.

109 »,

100 »,

109 *ai.

* 'W \ .
n u b

MataaJ Union Tel*K.—6fl k .
N. V. A N. J Tetoji. gen, 5*..
Northwestern Telegraph—7*.
People'* &»* fit C. i 1st fi. 0*.
Oo.» Chicago---- S3d g. 0*.
l*t con*, k , »8 ......... ...........
Plea*. Valley Coal - 2 at g. 0s,
Bandar Creek Coal 1*4 g 8s..
U. 8. Leather—8. f.deb.. r.,8*
Western Union Tel eg —7 ..
WneeuL-E.APi!^ Coal la 5*
U nlisted Bond*
Vtn. Hpirtt
let,w hen !«*
Oomstock T a n n e l-lB O 4 » ..

No t *.—" 5” indicate* price 6 id ; * a ” p n o e ask«4

A m e ric* ......
Am. K x ch ..
B o w e r y -....
Broadway ...
Batoha’ A Or
C en tra !........
fjb a e e............
Ohfttluun__ _
Chemical .. .

B1A
wo

171
315

Ask.
330

.........
147 %
120
lie
450
.. .
305 320
4200 4350
450
8 f a : . . . : 130 135
212
GnramerO’O... 200 201*9
C ontinental. 12H
Corn B xoh.. 2d5
Em% R iv e r ., 130
140
l l t h W ard.. 200
Fifth A v e .... 3080 3250
Fifth*........ . 250 275
First. . . . . . . . 2750
First NL, H
. T. io o
U th Street.. 170
Fonrth. ....... 1H1 137%
Qall.-dtt...... 205 305
Ifii
14fi

B AN K S.

Bid.

Card o l d ....... 425
German A m . i 12
Gorman Ex.* 350
German I s . . . ,
Ureenwioh
H anover....... t t t
H ad. R i ret.. 150
lm.fi. T ra d V 535
I r v in g .......... 135
Leather Min’ 175
LtotfCwn...... 070
M anhattan.. 205
M arkotA Pul *202
Ms h a m e s ’ .. 100
M’ ch s' fit Tr*' i n
vforcantlle . 175
Nforch .Aits',. 133
T ereh'ta Ex 110
M etropolU - 415
Mx. M orris.. 120
Nassaa.
140
N, A raa'dara 1*»0
Now Y o r k ... 235
N v .O o ’ n ty . 580

Ask.
iiT '
190
320
.....
545
14 2
182
......
.....
185
134
,
4 40
130
159%
240
.. ..

ioT ’ b.
10944ft

ioo**t»
•110 t»
”c T V
* *7**b.

* Cate at price this w * s

K a n k -S t o c k L ist—Latest prices this week,
B A N K S.

*i09*a.

(*Not listed.)
BANKS.

.v.Y.N at, Ex
N in th ..........
19th Ward..
N. Am orloa
Ori ntal . . . .
F a d 11o . . . . . .
Park........ .
People’ s ___
P h tn lx ........
Prml. E x,*..
R epublic___
Heahoarj . . .
Second .......
S eventh .. ..
Shoe A L e’ th
Southern ...
S ta teof N,Y.
Third . ___
Trades-n’ o ’ Union 8q.*.,
U n io n .,. . . . .
Un’ d B-fttes
W e e te r i. . . .
W e st 8 t« e

Bid. A* *
100
215
125
130

120
_____
_____
20 6
180 . . . . . .
. . .. 27312
238
,
103
.....
115
165

!J?

430
110
93
100
100
106
88
190
185
175
1 10
275

100
105
112
02
1P6
112

3o4

THE CHRON LCLEJj
BOSTON, PM IAOBLPiUA

Active Stocks,
f Indicates unlisted.

Monday,
Feb. 17.

Saturday.
Feb. 15.

16% 16%
16*9 16*0
Aieh. T. A 8. Fe§ (Boston). 100
Pa«.
'*
100
37
*35
37
A Ohio (B a lt.). 100 •35
68
68
Balt. City Paaa’ger “
25
18
17 7s 18
18
Baltimore Traotion “
25
18*4
177s 18
BaltimoreTrao'nti (P h il.). 25 *18
213*9 214
Keeton A Albany (Boston). 100 213*4 214
205 205
100
B o s t o n A L o w e ll
170
168
100 *166 167
B o s t o n A M a in e
13
100 *11
C nt-ral o f M a s s .
100
Pr ferred
79% 80
100
79*8 80%
Ohio. Bur. A Quin
75% 7 6 %
763s 7 6 7s
tk lo . Mil. & St. P. (PAtL).lOO
9%
9%
Cno O. AQ .vot.t.o- 44
50
30
30
£
0
30
Oit. 8t.R y.of Indji 14
100
*95*9
96
Fitchburg pref.. ( B o s to n ).\00 *
37
37
36*9 36%
Lehigh Valley.. (P h ita .). 50
*136
Maine Central (Boston). 100 *1a#?
106
106
106
hi
106%
MetropoL’n Trao.V (P h il). 100
11
11
ll* s 11*4
Mexican Cent’l (Boston).100
New England___
*'
100
*
Preferi e d .........
44
100
70
70
northern Central (B a ll.). 50
4
4
3 78
3 7s
Northern Pactflo (P h ita .) 100
I5*e
15
15%
*15
Preferred
*4
100
177%
Old C o lon y .....(B o s t o n ) 100 177% 177% 177
P e n n sy lv a n ia ...(P h ila .). 50
53*9 53*9] 53*4 53*9
7
6%
Phil. A Reading, i
44
50
71*9 71%
Phlladelph. Trao.
44
50
71*4 7 l%
6%
7
6%
*6 %
Union Pacifio.. . (B o s to n ). 100
11
11% 11%
11%
Union T raotion..(P h ita .). 50
M is c e lla n e o u s S to c k s .
115%
113% 114% 113
Am .Sug’r Retin.li (B oston ) —
100% 100%
100*9 101
Preferred.........
204 204
100 204 204
Bell Telephone..
74 7S 76
25
74% 75%
Boat. A Montana.
430
4%
25
4%
Bntte A Boston..
3 7s
300
25 *295 300 *295
Calumet & Hecla
Canton C o ......... , (B a lt.). 100
Consolidated Gas
**
100
59*4 59*4
59*4 59%
33
33*4
Elee.Stor. Bat’yff (P h ila .). 100
32 % 32*9
34
34
33
Preferred U
44
100
33*9
62
61
61
Erie Telephone. (B outon). 100 *61
30-% 31**
30% 31%
General Eleotrie.
44
100
60
60
Preferred..........
44
100
60
60
19
19
18% 18%
LamsonStore8er.
44
50
46
Lehi’h CoalANav. (P h ila .) 50 *45
45% 45%
90
N. E. Telephone (Bostoyi) .100
89% 89*9 *
11
11*9
Pa.HeatJL.&Powf'P/ii/a.;____
1 1 % 12*4
69% 69%
Unit’d Gas Imp.H
4‘
50
70
70
6 6 % 67
Welsbach LightTi
44
5
65*9 65%
*2 %
2%
2
W est End Land.. ( B oston) ___
2*8
* Bid and asked prloes:
A tla n tic A
B a lt im o r e

Inactive Stocks.

|Bid.

P rices o f F eb ru a ry 21.
Atlanta & Charlotte (B alt.). 100|
Beaton A Providence (B oston). 100
Camden A Atlantic p f. (Ph ila .). 50
“
50
Catawissa.........
1st preferred...........
“
50
Central Ohio................... (B alt.) 50
Chicago A West M ich.(B oston). 100
Connecticut A P ass..
44
100
Connecticut R iv er..
44
100
Consol. Tract of N.J.1] i
100
100
Delaware ABoundBr.
100
Flint A Pere M a r q ...(
100
Preferred...................
Heetonville Passeng. (P h ila .). 50
50
Preferred 1T...............
44
Runt. A Broad Top.. .
44
50
Preferred.......................
44
50
Kan. C’yF t.S. A M em .(B oston) . 100
Preferred......................
44 100
Little Schuylkill......... (P h ila .). 50
Mine Hill A S.Haven
50
Nesqueboning V a l . . .
44
50
Worth American C o ..
44
100
Worth Pennsylvania.
44
50
Oregon Short L in e ...(B o sto n ). 100
Pennsylvania A N . W. (P h ila .). 50
Philadel. & Erie........
44
50
R utland....................
(B ostoyi) 100
Preferred......................
44 100
Southern........................ (B a lt.) .100
Preferred......................
*4 loo
West End...................... (B o sto n ). 50
Preferred.....................
“
50
United Cos. of N. J .. (P h ila .). 100
West Jersey....................
44
50
West Jersey A Atlan.
44
50
Western N.Y. A Penn
44
100
Wisconsin C e n tra l...(B o sto n ). 100
Preferred.....................
44 100
Worc’stNash.ARoch.
44
100
MISCELLANEOUS.

Ask.

IOO
2 6 5 ^ 267
38

1 *9

2*2

49*9

11

140
240
20
13
38
48%
60
51%
15
50
68*9
55
6*4

50
13
142
245
24
13%
40
49*9
80
52*9
17
60
65
69

....

630

85

8 2*

30
18

1%

8*2

21*2
3
71

70
10*9
32
68
89

90

58
20

60
25

11

33

Sr*1*

238*4 239
3*4
4

112

.4 %
So
117

AllouezM in’g.asstpdfJtostonJ. 25 *50 l'OO
Atlantio Mining
44
25
18 *2 19
Bay State Gas fi..........
44
50
9*4
9>9
Boston Land...............
4
44
10
439
Centennial M ining...
44
10 •15
•25
Fort Wayne Elect.if..
44
25
1
2
Franklin Mining.......
44
25
14
1439
Frenchman's Bay L’d.
44
5
1
1 *4
Illinois Steel.................
44 100
68
70
Kearsarge M ining,...
“
25
13
13>9
Osceola M in in g .......
44
25
26*2 26%
Pullman Palace Car.
44 100
160
161
Pennsylvania Steel.. (P h ila .).100
33
Preferred IT...............
100
Qninoy’Mining........... (B oston )
25 124
125
Tamarack Mining___
44
25 112
114
Water Power...................
44 100
1
1%
Westingh. Eleo. A M ..
44
30
50
31
Pref., cumulative.
44
50
52*2 5 3 19
^ .T o m A § .F ® 0 ^ y r ? ig. , ! 9 8 9 , JAJ
2 d 2 V 4 s , g., Class A .. 1989, AAO
oaton United Gas 1st 5s...........

*78 *
*27
§78

* Price Include* overdue ooupous.

lU hriM iM B STOCK EXCHANGES.

s h a r e P rice * — n o t P er C e n tu m

^

79
27 >4
80

[ V o l . L X II,

P r ic e * •

8 ales

Wednesday,
Feb. 19.

1630

16% 16*9
16% 17*0
16% 16%
3,156 12% Jan. 7
**9 • %
*36
37*9
12
*36
37*9 *37*9
*67
*67
10
27
68*9
68
*17% 18
1,030 16 Jan. 7
17 7s 17%
1 7 7s 17%
668
L578
Jau.
177s 1 7 7e
18
18
7
17% 18
213*9 213*9 213% 214
*213% 214
171 204 Jau. 7
14
205
205
205
*205
205
29
*171
170
171
201 162 Jan. 30
*171
171%
*11
12
*10*9 12
*11
13
31
*55
60
79 % 80%
81
8 i% x 7 9 % 80*9 11,335 72 Jau. 7
7 7 % 77%
78% 78% 2 0 ,0 0 0 64 Jan. 7
7 7 7s 78%
.....
2,292
9
8%
9
8 % Feb. 21
3%
807 25*9 Jan. 2
30
2 9 7s 29%
30
29% 2 9 7S
*
95*9 96
20
96
126
95*9 96
36% 36%
244 3 4 7g Jan. 7
36% 36%
36=8 37
4
136
136
*135
24
137
1,407 9 4 % Jan. 7
106
106
105*9 105*9 *105%
1,855
1 1 % 12
* 11*6 1138
1 1 % 11*9
8 7s Jan. 6
*49
50
9
49
50
49
*82
23
85
*
70
42
70
70
16
*69*9 70
*4*0
2,925
4%
2*9 Jan. 8
4%
4%
4%
4%
16
1,640 10% Jan. 7
15*4 15% *15% 16
16%
177% 177% 177*9 177*9 177
77 175*9 Jan. 6
177%
2,332 50*0 Jan. 7
53% 5350
53*9 53%
53*9 53%
6%
6 78 613m 611*18
6,506
1% Jau. 10
6 78
658
5
,250
62 Jan. 8
71
71%
72*4
71*4 71%
71 %
H%
*8
1,672
3 Jan. 23
7%
7%
7%
8%
12
1 1 % 11%
12*9 15,102 1 0 Jan. 8
1 1 % 11%

16%

37%
68*9
18
18
17% 17%
*213*9 214
*205
170
170
12
'1 1
*
60
79% 80%
77 % 7 7 %
9%
9%
29% 29%
*
96
36*9 36%
*135
105*9 106*9
n% 1 1 %
*36

69*9 69*«
4%
4%
1530 1530
*177
177*9
53% 53%
6i3,e 61% «
71 *8 71*8
7
7
11
11
115%
100*9
202
74%
4*6
*296
•*
59
31%
33%
60%
31
60*9
18%
4530
*89
10*9

116%
101*4
204
75%
4*8
300
68
59*9
32*9
34
60%
31%
60*9
18%
45*9
90
10®8

Thursday,
Feb. 20

115
100%
204
75%
4%
300

116
1157s 116%
1 0 1 % 101
101*9
204
203
204
76%
75*9 76*4
4%
4*9
4%
300
300
300
*
68
60
60
59*9 59*9
31% 32
31% 31*9
33
33
61
61
*60
61
31
315g
31% 31%
*63
64
60*9 65
18% 18% *18% 20
45
45
45
46
90
90
90
*89
1030 10*9
1 0 % 10*4
693 q 69%
69*9 69*9
A
65
65
65
65
66*9
*2
-2 %
2%
2%
*2 %
2%
1 Trust recei
no sale was made.

inactive stocks.

Bto.

Friday,
Feb. 2 1 .

Week,
Shares.

Range of sales in 1896.
Lowest.
Highett.

Tuesday,
Feb. 18.

20,529 97*9
1 1 5 % 116
630 95
101% 101%
202
203
131 197
75*9 76% 15,6*5 65
4% 13,072 3%
3 7s
*300 305
30 295
*65
70
59% 60*8
1,099 55*0
28
31
4,341 24
*30
31
466 25
61
61
81 59%
*31
31%
1,968 22*9
62
283 50
62
225 18
18*9 18%
46
604 42
46
*89
4 87*9
90
10
9
10*4 11,608
69% 70
638 66*4
65
65
459 46
*2*0
2%
400
1%
pts, $ 2 % pd,

Ask.

Bona*.

1730 Feb. 1 0

18%
18%
217
205
171
12

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

81%
78%
12*9
30
97
38*9

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

27
2
10
10
28
17
19
4

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

10
21
2
2
10
30
3
6
10
28
28
14
30
21
16
21
30
21
4
21

Jan. 7 1 1 6 % Feb.
Jan
7 101*9 Feb.
Jan. 2 205 Feb.
Jan. 7 7 6 78 Jan,
Feb. 13 13% Jan.
Jan. 3 305
Feb.

20
20
11
31
31
3

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

21
31
31
31
11
19
4
8
10
1 7
2
17
14

20
7
7
2
0
8
7
10
23
7
20
8
25

1 0 8 % Feb.
12
Feb.
70
4%
16 %
178
53%
7
72%
8%
12%

60*0 Feb.
3 3 % Jan.
34 Jan.
63 Jan.
3230 Feb.
65 Feb.
19% Feb.
46% Feb.
90 Feb.
14*0 Jan.
81 % .Tan.
67 Feb.
2*0 Feb.

Bid

As*

52
92% 9 3 %
People’s Trac. trust certs. 4 s ..1943
5 51
§116
116*9 Perkiomen, 1st s e r .,5 s .1 9 1 8 , Q—J 101%
Phila. A Erie gen. M. 5g .,1 9 2 0 , A&O 119
Non-exempt 6 s... ___ 1918, j &j 5105 106
Gen. m ort., 4 g ........... 1920. AAO 105
§ 96
98
99
Phila A Read, new 4 g., 1 9 58, J&J
§ 97
78% 79*0
1st pref. income, 5 g, 1958, Feb 1
104
34
2d mort. 6 s........ ........... 1918, J&D §103
34*4
2d
pref.
income,
5
g,
1
9
58,
Feb.
1
$
97
99
Debenture 6 s................1896, J&D
20*9 2 0 %
99
3d pref. income, 5 g , 1 9 5 8 ,Feb. 1
18
Chic. Burl.& Quinoy4s .1922,F&A § 98
18%
2d, 5 s ........: .................... 1 9 33, A&O 121
95
Iowa Division 4 s ........ 1 9 1 9 , A&O § 93
Chic.&W.Mioh. gen. 5s, 1 9 21, J&D § 95
Consol, mort. 7 s ..........1911, J&D 127
98
Consol.mort. 6 g . . . . ..1 9 1 1 , J&D
68%
Consol, of Verm ont, 5 s .1 9 13, J&J § 60
Improvement M. 6 g ., 1897, A&O 104*4
88
Current River, 1st, 5S-.1927, A&O 5 87
C on .M .,5 g.,stam ped,1 9 22, M&N
65
99
100
Det. Lans.& N or’n M. 7 s . 1907, J&J * 60
10434
Terminal 5s, g ........1 9 4 1 , 6 .—F.
Eastern 1st mort 6 g ,1 9 0 6 ,M & 8 .. 5116% 120
Phil. Wilm. & Balt., 4 s . 1 9 17, A&O 104
fTee.Elk. & M .V .,ls t,6 s .l9 3 3 , end. §127*9 130
12S
Pitts. C. & St. L ., 7 s . . . .1 9 0 0 , F&A
Unstamped, 1st, 6s, 1 9 3 3 ............. 5126
114
Rochester Railway, con. 5s ..1 9 3 0
K.C. C.& Spring.,1st,5 g .,1925, A&O 5 67% 75
103
K O. F .8 .& M . c o n .6 s ,1 9 2 8 , M&N § 95
8chuyl.R .E .S id e,lst5 g .1 9 3 5 , J&D 110*4
93
65
Union Terminal 1st 5 s ........ ..F & A
97
K.C. Mem. & B ir.,le t,2 s,1927, M&8 * 63
§121J&J123
K.
C. St. Jo. & C. B „ 7 s ..1907',
B o n d s .— B a ltim o re*
Atlanta & Chari., 1st 7s, 1 9 07, JAJ 119
95
L. Rock & Ft 8 ., 1st, 7 s .. 1905, J&J § 90
Baltimore Belt, 1st, 5 s .1990, M&N
107
98
Louis.,Ev.&St.L.,1st,6g.l926,A & O 5105
100
Balt. C. Pass. 1st 5 s .. .. 1 9 1 1 ,M&N 115
87
2m ., 5 - 6 g ...................1 9 36, A&O 5 85
107
Balt. Traotion, 1st 5 s ..1 9 2 9 , M&N 112
Mar. H . & Out., 6 s .....1 9 2 5 , A&O §105
Exten. & impt. 6 s ....1 9 0 1 , M&S lu 5
70%
Mexican Central, 4 g . . . 1 9 11, J&J 5 70
106
No. Balt. D iv., 5 s ........1 9 42, J&D 109
1st consol.incomes, 3 g, non-cum.
23*4 23%
109*4
2d oonsol. incomes. 3s, non-euoi.
11
11*9 Baltimore & Ohio 4 g., 1 9 35, A&O 102*9
Pitts. & Conn., 5 g . ... l 9 2 5 , F&A
N. Y . & N .E n g,, 1st, 78,1 9 0 5 , J&J* *118% 119
Staten Island, 2d, 5 g .1 9 2 6 , J&J
112*9
1st mort. 6 s____ _____ 1 9 05, J&J *112
107 j Bal.&Ohio S .W .,ls t,4 * * g .l9 9 0 , J&J
Ogden. & L .C .,C o n .6 s...1 9 2 0 ,A&O §106
16 1CapeF.& Yad.,Ser.A .,6g.l916, J&D
74
Ino. 6 s ..........................................1920 R
109 1 Series B ., 6 g ................1 9 1 6 , J&D
50
Ra tland, 1 st,6 s ........... 1902,M&N §107
Series C., 6 g ........... . ..1 9 1 6 , J&D
41
101%
2d, 5s..............................1 8 9 8 ,F&A §100
45
Cent. Ohio, 4*9 g ......... ..1 9 3 0 , M&£ 106
107
<’ent. Pass., 1st 5s .. ..1 9 3 2 , M&N 110*9 112*9
ABeg8k?nn£ SV ^ 7 h y ^ o ! ,'r 8hi l , J&J
City & Sub., 1st 5 s ..........19 22, J&D 111
Atlantic City 1st 5s, g., 1919, M&N 104
111*9
Chari. Col.&Ausr.ext.5s.1 9 10, J&J
Belvidere D el., 1st, 6 s .. 1 9 02, J&D 112
CoL
&
Greenv.,
1st
5
-6
s
.l9
1
7
,
J&J
Buffalo By. con. 1st, 5 s ........... 1931
110*9 111
Ga. Car. & Nor. 1st 5 g . .l 9 2 9 , J&J
Catawissa, M .,7 s ......... 1 9 00, F&A 109
85*9 86*9
G eorgiaPac., 1st 5 -6 8 ...1 9 2 2 , J&J 11 2 % 113*4
Choc. Okla, & Gulf, prior lien 6 s .. 108
Citizens’ St Jty.ol Ind.,oon.5s,1933
109*9
83*4 84% North. Cent. 6 s ..................1900, J&J 109
6 s .................................
1 9 0 4 , J&J
Columb. St. R y „ 1st, con. 5 s ..1932
Series A , 5 s .................... 1926, J&J 1U *4 113*9
Coluinb. O. Crosstown, 1st,5s.1933
Consol. Tract, of N. J., 1st,58.1933
4*38.................................. 1 9 25, A&O
82 % 83
Del. & B ’d B r’k, lBt, 7 s .1 9 0 5 ,F&A 1 2 2 1s
Piedm.& Cum ., 1st, 5 g . 1 9 11, F&A
Easton & Am . lstM .,5 s .l9 2 0 ,M & N 110*4
Pitts. & Connells. 1st 7 s . 1 8 98, J&J 103*9 104
Southern, 1st 5 s ___ _ . . 1994, J&J
Elmir. & W ilm .,ls t ,6 s .l9 1 0 , J&J. 118%
92*9 93*9
Virginia M id., 1st 6 s .. .1 9 0 6 , M&8
Hestonville M. & F ., con. 5s..1924
2d Series, 6 s ....................1911 M&8 116
117
Hunt. & B r’dT op<C o n .5 s.’9 5 ,A & 0 107
3d Series, 6 s ..................1 9 1 ’, M&8
Lehigh. Nav. 4 % s ........... 1914, Q—J 111
4th Series, 3 -4 -5 s........ 1 9 21, M&S
2d 6s, gold.................... 1897, J&D 105
5th Series, 5 s ................1926, M&S 1043i 105%
General m ort. 4 % s, g . 1 9 2 4 ,0 —F 10330
1st, 6 g . 1911, J&J 107
99
99*i ./eat Va C. A
Lehigh VaJ.Coal l s t 5 s ,g .1933,J&J
108
Wept’L N .C . Consol. 6 g .1 9 1 4 , J&J 112
112 %
Lehigh Valley, 1st 6 s ... 1 8 98, J&D 106*4
"film . Col. & A u g ., 6 s ..1 9 1 0 , J&D
2d 7 s ............................... 1 9 10, M&e 134%
1163s
MISCELLANEOUS.
Consol. 6 ........................ 1 9 2 3 , J<£D 125
altlmore Water 5 s . . . 1 9 16, M&N
Newark Passenger, oon. 5 s... 1930 103*9
Funding 5 s . . . . . . ..... 1 9 16, M&N
North Penn, l e t , 7 s ....1 8 9 6 , MwN 102%
Exohange 3 **s..............1930, J&J
Gen. M. 7 s ..................... 1 9 0 3 , J&J
121*9 123
Virginia (State) 3 s ,n e w . 1 9 32, J&J
73
74
Pennsylvania g e n .6 s , r.,1910, Var 131*9
Funded debt, 2 - 3 s ... .,1 9 9 i , J&J
Consol. 6s, e
.............1 9 05, Var 120
61*9 6 1 %
Consol. 5s, r ................... 1 9 19, Var 118
__
Oollat. Tr. 43* g ........... 1 9 13, J&D
114
. 1 9 3 9 , J&J
Pa. & N. Y . C a n a l,7 s ... 1 9 0 6 ,J&D 123
1Q1 o *
Equitable Gee. s
Con. 5 s ............................1939. A&O 111

ff Unlisted.

6

$ And aoorued interest.

NEW YORK STOCK. EXCHANGE PRICES ( C o n t i n n e d ) - - 4 C 'm 7S

1r .r .t

i r u mi

C lo s in g R a n g e ( s a l t s ) i n
p ric e

P e r io d p tt)

-

j

___________________ —

L o w e s t.

13 96.I
_______ .

I I ig h is t.

A bu t Cotton Oil. deb.. Sg- 1900 %—F 109%b. U O J a n 111% Jan.
71% Feb.
A qu Arbor.—1st. As, g ....... 1995 At—J
71 b. 66 Jan.
A tT o p .A S .F —100.yr..4g.l939 J A J J 73% tb9% J an . 179 Feb.
3_ is ,C L ''A " l s t lnafc»U.pd.'S9:A A Oi* 27% 119% J a n 127% Feb.
80% Feb.
New g e a As, when I s s u e d . 60
72% J a n
49% Feb.
Adjustment 4s, when Issued. ...........
49%
12% J.ill.
Cot M idland—C on s..4g . 1940 F A A .t2 7 % a , t20 Jan. 126 Feb.
41% Feb.
Atl. A- Pac.—Guar. 4 s ....... 1 9 3 7 ..- . . 35 b. 41% Feb.
B rooklyn Elev. 1st, 6g ...1 9 2 4 A A O l o o b. 97% Feb. 102 Jan.
100%
Jan
Uuioo Elevated.—6 * ....1 9 3 7 M A -N ,9 9 b. 96 Feb.
B’ fclynWhrf&W.H— lst,5a,g.'45 F A A } o o
97 Feb. 100% Feb.
109%
Feb
Canada Southern.—1st, 5 s,1906.J A J 106% 106 Jan.
2d, 5«.......... ....................... 1913 M A 6 107 a. 104 Jan. 105 Jau.
C entG a.8.& W 1st o o n s . , 5 s l 9 2 9 , . * 02 b . . . . . . ..... .
Central o f N. J .—Cons.,78,1699 Q - J . 109%. 109% Feb. 110 Feb.
Consol., 7 s ........................1*02 M A N 115%b. 115% Feb. 116 Feb.
112% Jan. 119% Feb.
General m ortgage. 5g. . 1987 J. A J 119
LetLA tV. B . o o u , ; s.as’d. 1900 H—M 106 b. 104% Feb. 106 Feb.
90 b......................
••
m ortgagees.1912 M A X
Am. Dock A Imp., 5 s. . . . 1921 J A J I l 3%b. 111% Jan. 113% Feb.
99% Jan. 103% Feb.
Central Paelflc. - Gold, 6s. 1698 J A J 402%b.
------CUe*. A Oblo.—Ser. A . 6*. . 1908. A A 0 117 b............
Mortgage, 6 a ............ .... .1911 A A O 116 b.......... .
104% Jan. 109% Feb.
1st c o n s o l. 5 g ..................1939 M A X108 %b
66% Jan. 78 Feb.
G eacral4% s,g..................1992 M A 8 78
96 Feb.
R .A A .D 1V ., ls t o o n , 4g 1969 J A J
96 a. 91 % Jan.
83% Feb.
••
2d c o n , 4g . 1980 J A J 63 b. 82 Feb.
Ellz. L e x .A B lg .6 a n .o g 1902 M A .6 l|>l%b. 98 Jan. 101% Fell.
Chlo. BurL * O.—Con. 7». I9u3 J A J 117 % 113% Jan. 117% Feb.
99 Feb. 101 Feb.
Debenture, 5 s . ..............1 9 1 3 M A N 99%b
100 Jan. 104 Feb.
Convertible 5*................ 19C3M A 8 104
95 Jan.
D enver Division 4 s........1912! F A
A 95 a 93 Jan.
87% Jan.
91% Feb,
Nebraska Extension. 4*. 1927 M A N 91%
H a n A 8 t Jos.—Coos.6a.1911 M A 8 J l7 b. 116 Jan. 118% Jau.
Chiu. A E. 111—1st. s. L 6*. 1907 J A D
11 b. 112 Jan. 114 Jan.
ConsoL 6 e ..........................1934 A A O *l23% b. 123 Jan. 123 Jan.
General consol., 1st 5 s.. 1937 M A N 101
99 Feb. 101 Jan.
Feb.
C U eago A Erie.—1st. 5*. .1962 M A X 111
lo 5 % J a n I l l
28 Jan.
Incume. 5 s .. . . . . . . . . . . . . . 1982 I k t
27% 120 Jan.
Chic. Gas L. AO.— l e t ,5 g .. 1937 J A J
92 ■
90 Jan.
92 Feb.
Chic. M i l .* S t P .-C o n 7 s 1905 J A J 127 b. 123 Jan. 127% Feb.
113 Jan. 113 Jan.
1st southwest Dlv.. « s . . 1909 J A J * U 5
1 s t So. Minn. Div.. 6s . 1910 J A J 113 b. 112% Jan. 113% Feb.
113 b 110 Jan. 112% Feb.
lst.Cll.A Pac.W.D1V.5S 1921 J, A
107 b. 103% Jan. 107% Feb.
C h lc .A iIo .IU v .D tv .,5s..1926 J A
111 b. 106% Jan. 111 Feb.
Wlsc A M m n ..D lv .,5 g ...1921 J A
I
l l %b. 108 Jan. 112 Jan.
Terminal, 5 g ------- ------- ..1 9 1 4 J A
93 F-h.
93
93 Jan.
Gen. M-, lg ., series A ___1989 J A
116%I>.
113% Jan. 116% Feb
MIL A Nor.—Lst.eon.,6* 1913 J A
130 b. 141 Jau. 141 Jan.
Chic. A N. W.—C onsol.,7s 1915 % - P
Coupon, gold, 7 s....... ...1 9 0 2 J A D 118 b 118 Fab. 119 Feb.
Sinking fund, 6* ......... ..1 929 A A O 113 b. 111 Jan. 112 Jau.
J a n 110% Feb.
Sinking fund, 5*..............1929 s A G 110 b. u w
Sinking fu uLdebea.. 5* 1933 M A X Uo%l> 107% J a n I l l
Feb.
107
a.
IOJ
Jau. 106% Feb.
2.Vye»r debenture, 3 s ... 1909 M A N
Extension, 4* ................1926 F A A lo o b. 100 Jan. 101 Jan.
Chic. K.I. A Pac.—6s,coup 1917 J A J 125 b
Extension aoil c o t , 5*
1934 J A J 103 b. 100 J a n i 103% Feb.
30-year debenture, 5s . 1921 M A .8 96%
tri J a n
97 Feb.
Chte. 8t P. M A O. - 6s . 1930 J A D 126 b. 1 -4 Jan. 120 Feb.
80 b. 79 Jan. ! 9 0 Jan.
Cleveland A Canton.—5*..1917 J A J
C. C. C. A t —Consol. 7 g .. 1 9 14 J A D HM b. 119 Jau. (127% Feb.
General consol., 6g . . . . . 1931 J A J 1-siJ^o
79 Kvb. 80 Jan.
C .C .C .* S tL .-P e o .* K .,4 * 1940 A A G eJO
18%b. 2 0 Jau.
Incom e. 4 *............... ........19901 April.
23 Jau.
IK.
91 Si J aa. 100 Jan.
C ot C o a l* l r o o - 6g.......... 19oO F A A
CoL AUth A re. gu. 5*. g ..1993 M A » 114 b. 111% J a n 114 Jan.
89 %b 83 Jau.
90 Feb.
Col. H. Val.A ToL -C o n . ,5g 1931 M A S
91 IK- 80 Jau.
General. 6* .................... 1904 J A D
88 Jan.
D env.A KU.Gr.—ls t,7 s .g . 1900 M A N 113 %b. 110% J a n 113 Feb.
90%
83 J a n
1st ConsoL. 4 g. ............. 1936 J A J
90% Feti.
97 b. 95 Jau.
D o t 60. eh. A A tl.—5< ...1 9 3 7 J A J
98 Feb.
04 Jau. I 70% Feb.
F t W. A Denv. City.- 6* . . 1921 J A D 1 7 0 S
GaLH .ASan.AnM .AP.LI.lst.5g M A N
92%
91% Jau.
93 Jan.
Geo. Electric, deb. 5*, g . . . 1922 J A D
92
83 Jan.
93 % Feb.
Hon*. A T. C en t gen. 4s. g. 1921 A * O 69%
69 Jau.
09% Feb.
Illinois Central.—4s, g.......1953 M A N 102 a 99
Jan. IOJ Feb.
Western U nes, 1st, 4*. g 1951 F A A 102 b. 103 Jan. HI3% Jan.
In tA G reatN or.—I * t 6 s ,g .l 9 l 9 M A N 118
115 Jan. 118 Feb.
2d. 4-58............................. 1399 M A ,8 75 %b. 70 Jan.
75 Fob.
Iow a O n tra L —1st. i g ...1 9 3 6 J A D
94
90% Jan. i 91% Feb.
Kings Co. Elev.—l* t,5 g ..l9 2 5 1 J A Ji* 60 a 70 Jam
71 Jan.
Laclede G a s .-ls t , 5s. g. .. 1919 % - F
93
03 Jan.
96 Jan.
Lake Erie A W est—3 g .... 1937 J A J 115 b. 113 Jan. 114 Jan.
L. S h ore.-C on ,cp., 1st,7 a .l9 o O J A J 113 U. 112 Jan. 115 Jan.
ConsoL ooup.. 2 4 .7 a . ...1 9 0 3 J A D 119 b. U 6 Jan. 5119% Jan.
Lex. Av. A Pav. F. g n 5 *.g.l9 93 M A 8 113% 111 Jan. 5113% Jan.
L on * Island.—1st coil , ftg t 931 1 %—J "121 a 117% Jau. 1120 Feb.
General m ortgage. 4*. .1 9 3 8 J A D 95 b, 94% Feb. i 96 Jau.
Louis. A Nash —Cons. < s..l6 9 8 A A Oi*106%b. 105% Jan. 107% Jan.
N .O . A M obile, 1st. 6g . 1930 J A J *118 b. 118 Jan. 118 Jan.
2d, 6g . . . 1930 J A J 100
97 Jan. 100 Feb.
General. 6g ...................... 1930 J A D 114 b. 1 1 1 ! Jan. 114 Jan.
80% Feb.
Bullied, ( g ........................ 1940 J A J 80%
71% Jan.
L o u s.X . A * C b . - l 8t . 6s. 1910 J A J. 113 b. 111% Jan. 113 Feb.
Consol... O g ..................... 1916 A A OT 102%
99% Jan.
102% Fob.
Lou s. 8t. L. A Texas. —6g 1917 F A Al ............. 50% J a u
57 Jan.
Manhattan consol. 4 s....... 19 »0 A A Oi 98
97 Fob. ! 98% Jan.
M etro Elevated.—1st. 6g 190* J A J U 7% b. 116% Jan. 116 Jan.
2 4 .6 s ........ ...................... 1899 M A X 107% 106 Jan. 107% Feb.
Mich. C en t—1st, cons.. 7 s. 1902 M A X 118 b. 117% Jan. 119 J a n
ConsoL, 5*........................1902 M A N 108%
.................
Mil. L akoS h.A W —lst.6g.1921 M A X 130%b. 129% Jan. 130% J a n
Exten. A Imp.. 5 g .......... 1929 F A A ‘ 111 b .J l l l Feb. 113 Jan.
Msnn.ASL L.— 1st con.5s,g. 1934 M A X 101
*
96% Jan. 101% Feb.
M o.K .A E .—1st 5«.g..giL 1942 A A O 93%
86 Jan. i 93% Feb.
M. K. * Texas.— I st. 4s. g 1990 J A D 66%
80 Jan. ' 86% Fob

BONDS

FEBRUARY 31

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 .

AN D

tO R

YE A R

IS 9 6 .

a n g e ( s a l e s ) i n 1896.
I I n f s t CPlor iscine g ii R- -----------—--------- -------- _
iP e r io d
F e b . 21.!
L o w e s t.
H ig h e s t.

M. K. A T ex .—2 d ,4s, g. ...1 9 9 0 F A A
62%
53% Jan.
62 % Feb.
-Mo. Pac.—1 st.c o n ..6 g ...... 1920!M A X
95
i 94% Feb,
97 Jan.
3d, 7s.................................. 1906 M A N 109%a. 108 Jan. 112 Jan.
Pac. o f M o.—lac, ex., 4g. 1938 F A A 100 b. 101 Feb. 102% Jan.
2d ext. 5s....................1 9 3 8 J A J 106 a . .................. .
S t L.A Ir.M t.lst ext.. 53.1897 F A A 100% 100 Feb. 102% Jan.
2d. 7 g ..............................1897 M A N 102%b. 100 Jan. 102% Feb.
Cairo i r k . A Texas, 7 g .l8 9 7 J A D 100%a. 100% Feb. 101 Jan.
G e n B ’y A land g r .,5 g .l9 3 1 A A O
80
79 Jan.
60% Feb.l
Mobile A Ohio—N e w 6 g
1927 J A D 118%b. 117 Jan. 118% Feb.l
General m ortgage, 4s . . . l 938|M A 8
68% 02% Jan. 68% Feb.
N n sU .C h .A 8tL —1st. 7 s_.1913 J A J 127 b.(127 Feb. 127% Jan.
Consol., 5 g ........................19 8 A A 0 101 b. 100 Jan. 101% Feb.
Nat’l Starch Mlg.—1st 6 s .. 1920; M A N 93 b 92 Jan.
95 J an.
N. Y. Central—D ebtext.4s.1905 M A N 102%b. 100% Jan. 103 Feb.
1 st coupon. 7 s................. 1903 J A J 1 1 9 % b .ll8 Jan. 120 Jan.
Deben ,5 «,cou p ., 1881 1901 M A S 108 b 106% Jau. 108 Feb.
X. Y. A Harlem. 7s. r eg.. 1900 M A N 113 b......................
R.W. A O gd.,consols, 5s. 1922 A A O 119% 116% Jan. 119% Feb.
West Shore, gear.. Is ...2 3 6 1 J A J 100
104 Jan. 106% Feb.
N Y. Ohio. A S t L.—1 it- . 19 (7 A A O 104% 102 Jan. 104% Feb.
N Y. Look. A W.—1st, 8s . ,192l|J A J ; 130 b. ,___
199 Jan. 133% Feb.
C onstruction, 5 a ............ 1923 F A A 112 b . ...................
N.Y.L. E.AW.—lsto o n .,7 g . 1920, M A S 140 a 135 Jau. 139 Feb.
166% Jan. 175 Feb.
2 oonsol., 6g .................... 1969 J A D t 75
Long D ock, consol., 6 g 1935 A A O 130 % b.....................
N.Y. S . a. A H.—Con. deb. etfs A A O 137
133 Jam 137 Feb.
X.Y. Ont. * W.—Ref. 4s, g .!992 M A 8 92 U 89% Jan. 93% Feb.
ConsoL, 1st. 5 a g ......... ..1 9 3 9 J A D 109 b. 107 Jan. 109 Jan.
X .Y . 8US.A W .U tre f„5 * . g.1937 J A J * 97% b. 99 Jan. 100 Jan.
Midland o f .V. J.. 6s g. .1910; A * 0 110 b. 115 Jan. 115% J a n
63%b. 60 Jan.
N orf.AW .—100-year. S a g 1990 J A J
67 Feb.
No. Paclllo—1st, c o u p . 6g . 1921 J A J 116% 113% Jan. 117 Feb.
General, 2d. coup., 6 g . .1933 A A O 109 b. 100 Jan. 112 Feb.
78
Geueral. 3d. coup.. 6 g. .1337: J A D
64 Jan.
78 Feb.
Oonsol. m ortgage. 5 g .1989 J A D 42%
31% Jau.
13% Feb.
Col. trust gold notes. 6s 1898 i l A N 87
76% Jan.
87% Feb.
Chic. * X. P M ., 1st, 5 g.. 1910, A * G 1 45
137 Jau. 145% Feb.
S eat L.8 A K.. lst.g u .6 .1 9 3 1 F A A t 44%
140 Jan. 145 % Feb.
No. Pac. A M on t—6 g ....... 19.39!M A S I 31%
126 J an. 134% Feb.
80. Pacific Ter. Oo—6g . . . 1938 J A J 103 %b. 100 Jan. 104% Feb.
103 Jan. 104 Fob.
O h io A M ls a —COn-af., 7s.l898|J A J 104
lOblo Southern—1 s t 6 g . .. 1921 jJ A Dj 93 a. 87% Jau.
93% Feb.
General mortgage, 4 g-.1921;M A N ' t 32 b. 25 Jan. t 32% Feb.
O regonIm pr.O o.—ls t 6 g . .1910 J A D 84 b. 92% Feb.
91% Jan.
Consol.. n g ..............1 9 3 9 A
A O I 27% I 25% Feb.
36 J a n
O m .lt A N a y .C o .- ls t .6 g 1909 J A J ( 110
105
Jan. 110 Feb.
AD
96
190
Jan. 198 Feb.
ConsoL. 3 g .............. 1925 J
Penn. Co.— 4% g.oou p 1 9 2 ljl
A J j ' l l l b. 108% Jan. 111 Feb.
Peo. Dec. A E v a n sv .-O g. 1920 J A Ji 100 b. 101% F eb . 101% Feb.
Evans Division. 6 g .......1920 M A 8 100 b. .................
24 m ortage. 5 g ................1920 M A N
128 Jan.
31 Feb.
Phlla. A Read.—Gen., 4 g . 19fts J A J I 79%
171% Jau. 179% Jan.
1st p f,In c.,5 g , 1st Inst p<l.'5s . . . . . . . . 1 34
18% J a n 136% J a n
2d p f ine ,5 g „ 1st lust pd.'5 8 !........... 2 0 %
5% J a n 122% Jan.
3 d p f.m c.. 5 g.. 1st lu*tpd.'58 ........... 119 b.
3% Jan. 120 J an.
Pittsburg A W m tern—1 g. 1917, J A J
70
74 J a n
77 Jan.
77%
KloG r. W estern—1st 4 g .1980 J A J
70 Jan.
77% Feb.
81. Jo. * Gr. Island -6 g 1925 M A N 51
40 a.ib. tftl Jan.
8t L. A *au Fr.—0 g, CL B .1900 M A N 114%b. 111% J a n 114 Feb.
112 J a n 115 Feb.
6 g „ Class C ......................1006 M A N 115
General mortgage, 6 g 1931 J A J 106 %b. 101% Jan. 106% Feb.
Cons. guar. 4s. g..............1990 A A O
8t L. A 80. W.—1st, 4s, g 1969 M a n 75
70 Jan. |70 Feb.l
31
2sl, 4s, g.. In c o m e .... ...1 9 8 9 J A J
32 Feb.f
21 ‘4J an.
S tP .M .A M .-D a k .E x ,0 g 1910 M A N 120 b. 119% Jan. 120
i s t r o n s o L .O g ............... 1933 J A J 120 b. 117 Jan. 121 Fob.|
•'
m lu ced to 4 % g .. J A J 103 b. 101% J a n 103 Fob.
M ontana extension. 4 g 1937 J A D 83 b. 87 Jan.
88 Jan.
n a n .A n t* A. P.— 1st. Ig.,gu.'43 J A J
ft9 a. 5 m Jan.
59 Feb.
Hav Fla A West —ls t n g-,1934 A A O
80. Car. A Oa. —1 s t 5 g 1919 M A N 95 a. 93 Jan. 94% Feb.
80. Pa-dflc, Arls —0 g. . . 1909 lbiJ A J 94 b. 94 Feb. 97 Feb.
90. Paciflo, CaL—0 g . .1 9 0 5 4 2 A A O I l l b. 108% Jan. I l l Feb.
00 %
1st consol., gold. 5 g....... 1937 A A O
9-2% J a n
90% Fob.
8« . Pasdllc, X. M .- 0 g .. . 1911 J A J 100 b. 101% Jau. 105% Feb.
Hontlo-rn—1st eons, g , 5s. 10941J A J 93%
93% Feb.
87% Jan.
K. Tenn. reorg lien 4-is . 1938 M A 8! 93%
91 J a n
93% Feb.
E T. V .A G — l ( t , 7 g . . . . l 9 0 0 'J A J; 197 %b 107 Jan. 109% Feb.
Coo. 5 g ................ ........ 1056 M A X 106%
105 Jan. 109 Feb.
G eorgia Pan IstfM ls. g ,1922 J A J , ______ 110 J a n 114 J a n
Knoxv. A O h lo ls t 0 s .g .1925 J A J 1 U b. U S Feb. 114 Jail.
115 Jan. 118 J a n
Rich. A D anv. oon. rt«. g.. 1915 J A J 117%
W estX o C a rlstcon Os.g 1911 J A J 112 b. 113% Feb. 113 Jan.
92 Fob.
T e n n 0 . 1. A By—T e n D. 1st. 0g; A A O 93 a. 89 Jan.
Birmingham Dlv.. 6 g
1917 J A J 94 a. 89 Jan.
91 Jan
Texas A PaoM c—1 st 5 g..200i> J A D 87 b, 81 J a n
88 Feb.
2d. Income, 5 g . ....... ...... 2000 March
23% ! 18 J a n
23% Feb
Toledo * O slo O ent-85 g . . 1935 J A J 110 a 105% Jan. 108% Feb
Tol. a t I» A Kan. C.—0 g .191' J A D 1 7 1 % 1. 171 J a n I 77 Feb.
Un on Paclllo —6 g ...........1 8 9 9 3 A J
103%b. 102% J a n 105% Jan.
97 Feb.
E x t sinking lund. *.......1899 M A 8 97
90 Jan.
Collateral trust, 4 % ... . . 1 119 M A X jl 51
54 Feb.
1 50 Fen.
Gold 6s. col. trust notes 1894 F A A 95
97 Jan.
93% J a n
Kan. P a c .-D e u .D lv .,0 g 1699 M A X 109
100 J a n 109 Feb.
1st consol . 6 g ........... 1919 M A X I 77
170 Jau. I 77 Feb.
Oregon Short Line—0 g 1922 F A A 1111% 1100 J a n 111 l% F eb.
Or.S. L.ADt'hX.—C on.,5gl919 A A O I 69
151 Jan. 109 Feb.
40 Feb.
U. P. Den A Gulf,win..5 g. 1039 J A D
39%
E H
31% Jan.
U. 8. Cord.—1st col., 6> ...1 9 2 1 J A J W13 l% b . ISO J a n 136% Feb.
Virginia Mid,—Gen.M., 8 * 1 9 3 6 M A X 100 b. 97 Jan. 100 Feb.
. Wabash—1 s t 5 g ............. 1939 M A XI 106% 102% J a n 106% Feb.
2d mortgage, 5 g .............1939 F A A
76%
09 Jan.
77 J a n
West N. Y. A P a .-ls t .5 g .1 9 3 7 J A I 107
105% J a n 107% J a n .
49% Feb. II
Gen. 2-3-4s, g o ld ............ 1943, A A Oi 18 b. 44 J a n
W est.Un.Tet—O il. tr. 5S ..1938 J A J| 107 1), 105 Fell. 107 F eb., I
W ls n C e n tC o . 1st ft g ...,1 9 3 7 'j A J 'l 45%
137% Jan. 146 Feb. '
.

R a il r o a d a x d
M lS C S L tA X g O tjS BONDS.

356

THE CHRONICLE.

February 23. 1896.J

Noth .—" b" indicates price b i d ; " a " price a s k e d : the range is made up from actual solos only.

* Latest price this week.

1 Trust receipts.

NEW YORK STOCK EXCHANGE PRICES—(Continued) —IN ACTIVE B O N D S -hE B R U A R Y '21.
SECURITIES.
R a ilr o a d

Bid.

Ask . 1

H e a d s.

(S to c k B s c k a n g e P r i c e s .)

A labam a M id.—1st, g . guar . 1928
A. T. A 8. F.—2d, ts. Class 6.1989:
Chicago A S t Lou.—1st, 6», 1915
CoL Mid. 1st. g , 6s . . . . ....... 1936:
AH. A Pan.—2d W. D . g n Hs 1907
Western Division Income . 1910
B a it A Ohio- 1st. 0s. Park B 1919 '

2*H
112 119

SECURITIES.

Bid.

Ask.

1

SECURITIES.

B a lt A Ohio—5s, g o ld ............ 1925
97»*
97% i!Bnff. Booh. A Pitt*.—Gen. 5S..1937'
C on., m o rt, gold. 5 s ............1988
108
Koch. A P., 1st, « » ...............19211
W. Va. A P lt t s .-l* t ,g .. 5s.. 1990
Koch. A Pitt*.—C ote. 1st,6 s.19221
j
B. A 0 . 8. W.. 1 s t g „ 4 % * ...1 9 9 0
M onos. River, 1st, g .,g . 5 s.. 1919
Bnrl. Ceil. Hap. A No. 1st, 5 s.l»0 0
C e n t! Ohio Reor. - l» t ,4 % s ,1 9 3 0 *105%
ConsoL & collnt. tru*t, 5 s.. 1934
A k. ACh. Juno.—lst,g,5s,gu . 1930
Minn. A St. I,.—1st, 7 s .g u .. 1927
Brooklyn Elevated—2d. 5 s ... 1915 72
73
Iow a C. A W est—1«t, 7s . 1909
Seaside A B.B.—1st,g,5s,gu. 1942
85
Cod. Kap. 1. F. A X., lst.0 s.1 9 2 o
1Brunswick A W’ n—1st. g., 4s 1938
1 s t 5a...................................1921

r. . .

Bid.

Ask.

.........i 99
124 .........
118% 119%
*95 1.........
106 i107
101 % 102
108
103
90

THE CHRONICLE.

356

[V o l. L X H .

NEW JOliK. STOCK EXCHANGE PRICES.—INACTIVE BONDS—r C on tin u ed )-1 E B R U A R y 2 1 .
SECURITIES,

Bid.

ABk.

SECURITIES.

Bid.

Ask.

F.
A.P.M .— 1st. oon. gold, 5 s ..90
1939
O.Ohlo—Ool. *O in .M .ls t,4 % s .l9 3 9
90
Pt. Huron Div.—1st, 5 s ___ 1938
96
l-ent. RB. 4 Bunk. -C o l. fr.Sa.1937
Fla. Cen A Pen.—1st g. 5 s .. ..1 9 1 8 105
Cent, of N. J.—Conv. deb., 6 b. 1908
1st oon. g., 5 s ...........................1943 *83
Cent Pacific—Gold bonds, 68,1696 101
Pt. Worth A R. G.— 1 st g., 5 s ..1928 *55
59
Gold bonds, 6 s .........................1897 l o t 's
Gal.
Har. A 8an A nt.— 1st, 68.1 9 1 0
108
San Joaquin B r., 6 s................1900
2d mort., 7 s ..............................1 9 0 5
Mort. gold 5 s ............................ 1939 *92
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Land grant, Ss. g.....................1900
Grand Rap. A Ind.—Gen. 5 S ..1 92 4
Cal. A O. D lv., e xt., g. 5 s. ..1 9 1 8 104
G. B. W. A St. P.—1st, con. 5 b. 1911
103
West. Paolflc— Bonds, 6 s— 1899
2d Inc. 4 s ................
1906
1%
No, Hallway (Cal.)—1st, 68.1907
Housatonio—Cons,
gold 5s— 1937 122 %
91
50-year 5a.............................. 1938
N . Haven ADerhy, C o n s.5s..l918 114%
Ches. A O.—Pur. M . fund, 6 s .1898 104% 105
Hous. A T . C.—Waco A N. 7 s ..1903 125
Craig Valley—1st, g., 5s----- 1940
110
1st g., 5s (int. gtd)..................1937 105
Warm Spr. Val., 1st, g. 5 s ..1 9 4 1
Cone. g. 6s (Int. gtd)............. 1912 105
Ches. O. ASo.W est.—1st 6 b, g .1 91 1
85
Debent. 6s, prin. A int. gtd.1897
Sd, 6a.......................................... 1911
80
Debent. 4s, prin. A int. gtd.1897
Oh. V. -G e n .o on .lat,gu .g ,5s.l938
Illinois Central—1st, g., 4s ...1 9 5 1 107
l hloago A Alton—8. F „ 6 s .. ..1 9 0 3 115
101
1st.
gold,
3
%
s
...........................1951
107
Louis. A Mo. River—le t, 78.1900
Gold 4s........................................1952 104
2d, 7a....................................... 1900 106
102
Cairo
Bridge—
4s.....................
1950
S t L. Jacks. A C h io —2d, 7s,1898
105
Spring! D iv.—Coup., 6 s___ 1898
Mlse.B. Bridge—1st, a. f., 6 b.1912 106
Middle Div.—R eg., 5s........... 1921
Ohio. Burl. A Nor.— 1st, 5 s ___ 1926 104%
O. St. L. A N . O.—Ten. 1.,7 s . 1897 104^ 107
Debenture 6 s ............... . . ........ 1896
105%
1st, consol., 7 s...................... 1897 1041* 107
Chio. Burling. A Q.—5s, s. f.,1 9 0 1 102
Gold, 5s, ooupon................. 1951 1191* 12 L
Iowa D lv.—Sink, fund, 5 a ..1 9 1 9 106%
Memp, D iv., l s t g . 4 s ........1951
99% 100
sinking fund, 4 s .............
1919
Cod. Falls A Minn.— 1st, 7 s .. 1907
Plain, 4s.....................................1921
107% Ind. D. A Spr.— 1st 7s, 1 9 06, trust
Chicago A Iowa Div.—5 s ... 1905
26
95
28
rects., ex bonds
< nio. A Indiana Coal—1st 58.1936 ♦
84
Ind. Ills. A Iowa.—1st, g, 4 s.. 1939
till. MU. A St, P.—1st,8 s,P .D .1898
126
1st, ext., g. 5 s ..........................1943
Id , 7 3-10s, P. D .................... 1898 *124
126% Int. A G. N’n.—3d, 4s, g ........ 1921
lBt, 7s, $ g „ R. D .................... 1902 *125
126
80
Kings C o.-F .E l.,l6t,5,K .,gc.A .1929
1st, I. A M ., 7 s .........................1897 124
126
Lake Erie A W est.—2d g., 5 s .1941 1021*
1st, I. A D .,7 s .........................1899 124
Norlh’ n Ohio— 1st, gu g. 5s.1945 102% 105
128
1st ,C. A M ..7 s ........................1903 126
133
L. 8. AM .Sou.—B .A E .—N e w 7 s .’98 107
1st, I. A D .E x te n s io n ,7 s ...1908 128
Det. M. A T .— 1st, 7 s ............. 1906
1st, La C. A D av., 5 s . . . . . . . 1919 167% 110
1st, H .A D .,7 8 .......................1910 124%
Lake Shore—Div. bonds, 78.1899 109
1st, H. A D ., 5a.......................1910
Kal. A ll. A G. R .—1st gu. 58.1938 114
.........
Chicago A Paeiflo D iv., 6 s .. 1910 115%
Mahon’g Coal R R .—1st, 58.1934 115
Mineral Point Div. 5a........... 1910 * L04
Lehigh V.JN.Y.—1st gu.g.4% 8.1940 103% 1041*
O .A L . Sup. D lv., 5 s ............. 1921 107% 108
Lehigh V.Term .—1st gu, 5 s,g .l9 4 1 112
Fargo A South., 6a, A s s u .,.1 9 2 4 112%
Lehigh V ’y Coal—1st os,gu .g .l933
Inc. conv. sink, fund, 5 a ....1 9 1 6
1Jtchf. Car. A W est.— 1st 6s. g . 1916
Dakota A Gt. South., 5a___ 1916 106 107% Little Rook A M .—1st, 5s, g ..l 9 3 7
MU. A Nor. main line—6s. ..1 9 1 0 114
116
Long Island—1st, 7 s ................. 1898 106
Chic. ANorw.—30-year deb.5s.X921 109% 109%
Ferry, 1st, g., 4 % s ..................1922
95%
Eecanaba A L. S. 1st, 6 s ___ 1901 106
Gold 4 s........................................1932
D esM . A Minn.—1st, 7 s ....1 9 0 7 112%
N. Y . A R ’w a y B .—1 s t,g. 58.1927
Iowa Midland—1st, 8a......... 1900 116
42i*
2d mortg., ino....................... 1927
35
Peninsula—1st, c o n v .,7 s ... 1898
N .Y .A M an ,Beach.—1st, 7s, 1897 100
Ohio. A MUwaukee—1st, 7 s. 1898 105
N .Y .B .A M .B .—ls tc o n . 5 s ,g .l9 3 5 100
Win. A St. P.—2d, 7a............. 1907
130
Brookl’nAMontauk—ls t,6 s .l9 1 1
MU. A M a d —1st. 6s............. 1905 i l l ’
1st 5s . . . . . .
1911
Ott. C. F. A St. P.—1st, 5 s. 1909 106%
No. Shore Br.—1st con.5s,g.l932
trorthe.ru 111.—1st, 5 s..........1910
lo b 's
Louis.Evans.&St. L.—Con.5 s .1939
Mil. L. S.AW .—Con.deb.,5s. 1907
Louis.&Nash.—Cecil. Br. 7s.. 1907 1061*
Mich. D lv., 1st, 6s.............. 1924 42414 127
E. H . & Nash.— 1st 6s, g ___ 1919
116
Ashland Division—1st, 6s 1925 124
Pensacola Division, 6a......... 1920 101
Ch.R.I. AP—D.M. A F .D .ls t 4s. 1905
8t. Louis Division, 1st, 6 s ... 1921 121
1st, 2 % s.................................. 1905
63
2d, 3s....................................... 1980
Extension, 4 s .......................1905
84%
Naahv. & Decatur—1st, 7 s .. 1900 *108 &S
Keokuk A Dea M .—1st, 5 s . .1 923 100
8. f.,6 s.—8. & N. A la ...............1910
Chic.8t. P. A Minn.—1 s t,6 s .. .1918 127
128
50 year 5s, g .,............
1937 *98
St. Paul A S . C —1st, 6 s ........1919 128
131
Pens. & A t . - 1st, 6s, g o ld .. . 1921 100
Ohio. A W . Ind.—1st, s. f., 6 s .1919
Collat. trust, 5s, g ..................1931
98
General mortgage, 6 s........... 1932 I l f ' s 118%
L. & N. & Mob. & Mont.—
Oln Ham. A D.—Con. a. f., 7S.1905 117%
1st, g., 4 % s ............................ 1945
2d, gold, 4 % s ........................... 1937 103% 105%
Nash.Plor.&S.— 1st, gu., 5s. 1937
Cm. D. A Ir’n—1st, gu. 5s, g. 1941 108% 109%
Kentucky Central—4s, g . .. 1987
8 8 * * 89
Clev. Ak. A Col.—Eq. A 2d 68.1930
Lou AJeff.BdgeCo.—G u.g,4s. 1945
O.O.C.1A St. L ., Cairo dlv.—4s, 1939 *90
LornN.Alb. &Ch.—Gen.m. g. 5s. 1940
73
7 3 1*
8t.Lon.Dlv.— Istool.ts’t4 s,g .l9 9 0
93%
Memphis & Chari.—6s, gold .. 1924
Spring. ACoLDiv.— 1st,g. 4s. 1940
1st con. Tenn lien, 7 s........... 1915
WhiteW.Val.Div.—lst,g . 4s. 1940
Mexican Cent. Consol.—4s, g.1911
01n.Wab.AM.Div.—Ist,g .4 s.l9 9 1 *90
1st, cons, income 3s, g......... 1939
Oln. I. St. L. A C.—1st,g .,4 s.l9 3 6
98%
Mex. International—1st, 4s,g. 1942
Osrasol, 6s..................................1920
Mexican National—1st, g., 6s. 1927
01n.8an.ACl.—Con.lBt,g.5s, 1928 106%
2d, income, 6s, “ A ” ................1917
C. Col. Cln. A Ind.—1st, 7 s,s.f.l8 9 9 106% 110
2d, income, 6s, “ B ” ............. 1917
7%
Consol, sink, fund, 7 s........... 1914
Michigan Central— 6 s ................1909 117
Cln.ASpr.—lst,C .C .C .A I.7 s.l9 0 1
Coupon,
5s..................................1931 *118i*
iis ’
Cleve. Lorain A Wh.—1st, 5s. 1933 103
Mortgage 4 s .............................. 1940 *102
Cleve A Mah. V .—Go'd. 5 s ...l 9 3 8 117
Bat.C.&Strgis.—lst,3s,g.gu. 1989
Del. Lack. A W.—Mort. 7 s ___ 1907
Minn.A St. L.—1st, g. 7 s ......... 1927
144i*
8yra. Bing. A N. Y .— 1st, 7S.1906 126
131
Iowa Extension, 1st, 7s....... 1909 126
Morris A Essex— 1st, 7 s ___ 1914 *139
Southwest E x t.—1st, 7s....... 1910 126 126%
BondB, 7s................................1900
115
Pacific E xt.— 1st, 6 s ............. 1921
7s of 187 1..............................1901
119% M o.K .& T ex .—1st, ext., 5s, g .1 9 4 4
94"
l i t , con., guar., 7 s ............. 1915 140
141
Mo.K.&T.of Tex. Ist,gu .5s.g.l942 *80
84
Warren—2d, 7 s ....................... 1900 111
Kansas City & P ., 1s t,4 s ,g .. 1990
70
72
D.
AH.Can.—Pa.Dlv.,coup.7s.1917
141
Dal. & Waco—1st, 5s, g u ..,.1 9 4 0
80
Albany A Suaq —le t,g n .,78.1906
Missouri Pacific—Trust 5 s ...1 9 1 7
82
1st, cons., guar., 6 s...........1906 118%
1st coll., 5s, g ..........................1 9 2 0
65
60
Bens. A Bar. 1st, ooup., 7 s .l9 2 l 143
8t L.&I. M .-A rk .B r.,1st,78.1895
105
Denv. Tramway—Cons. 6s, g . 1910
Mobile & Ohio—1st ext., 6 s ... 1927
Metropol. By.—lBt,gu. g .6 s .l 9 l l
8t. L. & Cairo—4 s, guar........1931 *80
Denv. A R . G.—Im p .,g., 5 s ...1 9 2 8 *87
Morgan’s La. <fe T .—1st, 6 s .. . . 1920 *114
Det.M . A M .—L. g. 3%s,ser.A.1911
19
1st, 7s...........................................1918 *125
Det. A Mack.—1st hen, 4 s ,g ..l9 9 5 *70
Nash. Chat. & St. L .—2d, 6 s .. 1901 105
4e, g o l d . . . . . . . . .........................1993 *60
N. O. &. No. E .—Pr. 1., g., 6 s ..1915
Duluth A Iron Range—1st 58.1937 1 0 2 % 106
N. Y . Central.—Deb. g. 4 s___ 1905 102i*
Erie— 1st, extended, 7 s ........... 1897 104% 106%
N. J. June—Guar. 1st, 4 s .. . 1986 *100
2d, extended, 5s.......................1919 114%
Beech Creek—1 s t,gold, 4 s .. 1936 1041*
3d, extended, 4 % s...................1923 106
Osw. & Rome—2d, 5 s ,g .,g u .l9 1 5
4th, extended, 5 s.....................1920 113%
Utica & Bl. Riv.—4s, g., gu.1922
5th, extended, 4s.....................1928 102
104
N. Y . & Put.*—1st, g., 4«. gu.1993 103
let, con., g;, Pd, 7 a ............... 1920
N. Y . N. H . & H .—1st, rev. 48.1903 102 105
3. N. Y. A E.—1st, 7 s ........... 1916 i¥ i"
N. Y . A Northern—1st, g. 5 s .. 1927 116
N .Y .L .E .A W .—Fad.oou. 58.1969
N. Y . 8usq. <feW est.—2d, 4 i* s .l9 3 7
b*6"
Buff. A 8. W .—Mortg. 6 s ___ 1908 *ioi%
Gen. mort., 5s, ».•..................... 1940
74
75
Jefterson—1st, gu. g. 5 b ....1 9 0 9 104%
WTlk.& East.— 1st,gtd.,g.5s. 1942
90
Coal A R R .—6 s ........................ 1922 10O
Northern Pae.—Divid’d scrip ext.
75
63
Dock A lm p t.,lst 6e. onr’ ey.1913 105
James River Val.—1st, 6 s ... 1936
1st, con. g, 4 s, prior bonds 1996
95% 97
Spokane & Pal.—1st, 6s....... 1936
79
E »an s. at 1 erre B aute St.Paul A N . P.—Gen., 6 s .. 1923 1221* 1 2 2 %
1st, cons., 6a............................ 1921 *106%
Helena&RedM’n— 1st,g., 6s. 1937 n o
le t, gen eral,g„ 5 a ..................1942
Dulnth&Manitoba—ls l,g .6 s l9 3 6
82
Mt. Vernon 1st 6 s ..................1923 ioo
Dul.&Man D a k .D iv .-ls t6 s .1 9 3 7
82
8uL Co. Br. 1st, g., 5s............1930
Cceur d'Alene—1st, 6s, gold. 1916
Evans. A Indian.—1st, cons.. 1926
Gen. 1 st,g., 6 s ....................... 1938
-F lint A P, Mara.—Mort.. 6 s . ..1 9 2 0 115
118
Cent.Washington—lst.g., 68.1938 ...................... .
—____________________________________________

66

121

SECU R ITIES.

Bid.

Ask.

110
Norfolk <fc South’ n— 1st, 5 s ,g .l9 4 1 *T05
N o rfo lk * W est.—General, 68.1931 114
New River 1st 6s................... 1932 110
Im p. & E xt., 68.......................1934 112
Adiustm entM ., 7s ..................1924 103
75
Equipment, 5s...........................1908
Clinch Val. 1st 5 s ................... 1957 ‘ 54
Md. A Wash. Div.— ls t,g .5 s .l9 4 1
63% 67%
RoanokeA8o.— 1st, gu. 5s, g.1922
Scioto Val. A N. E .—1st, 4 b,.1990 '8 3 % 8 4 "
Ohio A Miss—Consol. 7 s ......... 1898 103%
2d consol. 7 s ............................ 1911
Spring.Div.— 1st 7 s ................1905
General 5s.................................. 1932
Ohio River R R .— l6 t, 5s........... 1936
103
Gen. g .,5 s .................................. 1937
Omaha & 8t. Louis.— 1st, 4 s .. 1937
50
Oregon A Calif or.—1st, 5s, g .1 9 2 7
82
Oreg. R y A N av.—Col.tr. g..5 s.1919
Penn -P.C.C.<fc8t.L.Cn.g.4%s A 1940 110
111
Do
do
Series B ..........
110 %
P .C .A S .L .-lst,o .,7 s..................1900
Pitts. Ft. W . A C.—1st, 7 s ... 1912
2d, 7 s ......................................1912
3d, 7 s........................................1912
Ch.8t.L. AP.—ls t,c o n .5 s ,g ... 1932 117
Clev. A P.—Cons., s. fd.
1 900 117
Gen. 4 % s,
“ A ............. 1942 *105
102%
St. L. V. A T. H .— 1st, 6 s ., 7 s . 1897
2d, 7 s........................................ 1898
2d, guar., 7 s....................... ..1 8 9 8
G d .R .A I.E xt.—1st,4% s,G .g. 1941
P e o .A E .-In d .B .A W .-lst,p f.78.1900
Ohio Ind.AW .— la tp r e f.5 s ..l9 3 8
Peoria A Pek. Union—1st, 6 8 .1 9 2 1 111
2d m ortg., 4 % s ......................... 1921
69
Pitts. Oleve. A Tol.—1st, 6 s ... 1922
Pitts. A L . Er.—2 d g . 5 b, “ A ” . 1928
Pitts. Mo. K . A Y .—1st 6s____ 1932
Pitts. Paiusv. A F.— 1st, 5 s . ..1 9 1 6
Pitts. Shen. A L .E .—1st,g.,5 s. 1940
80
1st consol. 5 s ............................. 1943
Fitts. A West.—M. 5a, g.1891-1941
70
Pitts.Y ’gst’n&A.— 1st, 5 s,c o n .l9 2 7
Rio Grande So.—1st, g., 5 s . . .1 9 4 0
70
St. Jos. A Gr Is.—2d ino..........1925
Kan. C. A Omaha—1st, 5 s ..1 9 2 7
St. L. A. A T. H .—Term. 5 s .. 1914
Bellev. A So. 111.—1st, 8 s . . .1 8 9 6
Bellev. A Car.— 1st, 6s.......... 1923
Chi.St.L. APad.—lst,gd .g .5s 1917
St. Louis So.— 1st, go. g. 4 s .1931
do
2d income ,5 s . 1931
Car. A Shawt.—1st g. 4 s___ 1932
St. L. A 8. F.—2d 6s, g „ el. A . 1906 1 1 4 %
General 5 s .................................. 1931
95 %
1st, trust, gold 5s................. 1987
83%
K an. City A 8 1st, 6s, g . . . 1916
Ft. S. A V. B . B g . - l s t , 6 s .. . 1910
Kansas Midland— 1st, 4s, g.1 93 7
St. Paul City By, oon. 5s, g . ..l 9 3 7
Gold 5s, g u a r ........................... 1937
8t. Paul A Duluth— 1 s t,5 s ....1 9 3 1
2d mortgage 5s....................... 1917
103
St. Paul M um A M .—1st, 7 s . . 1909
, 108
2 d m o rt.,6 s............................... 1909 i ’»8% .
Minneap. Union—1st, 6 s___1922
125
Mont. Cen.—1st, guar., 6 s ..1 9 3 7
119
1st guar. g. 5 s ...................... 1937
101
East. Minn., 1st dlv. 1st 53.1 9 0 8 104
W ilmar&SiouxF,— 1st, g ,58.193 8
San Fran. A N . P.— 1st, g., 5 s.1919
Southern— Ala. Cent., 1st 6 s .1918
A tl. A Char.— 1st, pref., 7 s ..1 8 9 7
Income, 6 s ............................1900
Colurn. A Green.—1st, 5 -6 3.1916
E . oenn. V. A G a .-D lv is .5 s 1930,*110
Rich.A Dan.—Eq. s. f. g. 5s. 1909 *98
101% .
101
Deben. 5s, stam p ed ......... 192 7 1 100
ViVa Mid.—Serial ser.A, 6 s .1906 * i0 5
Series B, 6 s ........................... 191 1 >1 0 o
Series C, 6 s............................1916 *105
1921
Series D
105
~ , 4' -'5 s .......
‘ *100
Series F, 5 s ............................. 1931 *100
Wash,O. AW .— 1st our.gu.4s.1924
78~
74
Ter. RR. A s’u of St. L .—
1st, 4 % s...................................... 1939 105
1st, eon. g. 5 s ................ 1894-1944 * 1 0 1 %
St.L.Mer. Br. Cerm.,g.os,gu.. 1930 *100
Texas A N ew Orleans—1st,78.1905 *107
108
Sabine Division, 1st, 6 s ........1912 *110
Consol. 5s, g ....................
1943
92
Tex. A Pao.,'E. D.—1st, g. 6S.1905 105
119
Third Avenue (N .Y ).— 1st 5s, 1937
T.AO.C.—K au .A M ., Mort. 4 8.1990 *81
Tol. P. A W .— 1st 4s,iuo.f’d.oou.J uiy
79 % 80
Ulster A D el.—1st, eon.,6 .,5 s. 1928 101
Union Paeiiie—1st, 6 s ........... ..1 8 9 6 102 %
1st, 6 s ..........................................1897 1 0 2 %
1st, 6 s .........................................1899 103% 105
Collateral Trust, 6 s ............... 1908
95
Collateral Trust, 5 s ............... 1907
95
105%.
Kansas Paeitio— 1st Bs, g . . . l 8 9 5
1st, 6 s, g .................................. 1896
107%
C. Br. U F - F . c .,7 s ............ 1895
40
Atoh. Col. A Pae.—1st, 6 s ...1 9 0 5
36
Atoll. J. Co. A W .—1st, 6 s .. .1905
34
34
U . P. Lin. A Col.— 1 s t,g., 5s. 1918
64%.
O reg.8.L .A U .N .,ool.trst.,5s.l919 ■64
Utah A North.— 1st, 7s......... 1908
Gold, 5 s . . . . ........................... 1926
96
64
U tah Southern— Gen., 7s ..1 9 0 6
Extern, 1st, 7 s ..................... 1906
64
Valley R ’y Co. of O.—Con. 6s. 1921
Wabash—Debenture, Ser. A ..1936
Debenture, Series B .............. 1936
27
Det. ACUio. E xt, 1st, 5s, g ..l9 4 (
99%.
98
St L .K .C.AN .—St.C. Bdge61. 190
108
West N .Y .& pa.,geu.g. 2-3-4s 1943
43
16% 17-4
Income 5 s ......................... . . . . . 1 9 4 3
W est Va. C. A Pitts.— 1st, 6 s. 191
1 0 ln
W heei.AL.E.— 1st. 5s, g o ld .,.1 9 2 t
92 a.
Extension A Imp, g., 5s........19:i<
Wis. Cent, inoorne 5 s . . . . ...1 9 3 *

No price Friday; these arethe latest quotations made this week, f o r .t l is .e H a u e o u i a n d U n l i s t e d B o n d s . —See 3d page preceding.

THE CHRONICLE.

F ebruary 22, 1886,]

Juuestmcwt

R oads .

Week or Mo

AND

EARNINGS.

The following table shows the gross earnings o f United
t tates railroads (and also a few Mexican and Canadian roads)
Tor the latest period reported. The statement includes e v e r y
SsTE a >l road from which regular weekly or monthly r e tu rn s
c m be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last t w o
col trims the earnings for the calendar year from January t to
and including such latest week or month.
The returns o f the street railways are not included in this
table, but are brought together separately on a subsequent page.
Latest Gross Earnings.
Week or Mo

1895-8.

Jon . 1 to Latest Date.
1894-3

184H-5.

8

9

*

201.2*39
173,54 4
80.768
18,05'
A d iron d a ck -..-. Deeeuiner,
24.309
23,483
C l wk Feb,
171.601
181.195
S t,219
557.767
568.137
58,251
A la. M idland... December
213,-tiU 18* 13 2,5(19.0631 2,170.708
A llegaeay Vat. December
22,030
126.570
It 1,176
14,210
A n n A r b o r .. . . . . /At wk Feb.
111.971
102.750
14.121
14/31*
A rs. M idland-.. December
Aten. T. & A Be U!l wit Dec 788,100 709.083 29,172,724 28,724,400
8.005,912 8,071,430
St. L. A San F iflf.vic !).;.' 148.701 180.94
02.320
AthuwJo* Pa* tth wk Dee
86.831 3,745,13 1 3,205.0 0
A ftx. total.. Du wk Dee 1,020,133 050,881 38,923,806 38,001,526
115,5— 1.7 2,006 1,563.757
203.071
Atlanta A Char. Deeeiulwr
59.035
Atlanta A W , P December
43.268
’ ‘ "
507A 27
488,377
Allan. A Danv, lift wk Feb
8,651
0.077
39.050
63,369
AaifuetaSaut'n. .January .
5,8*31
3,5 12
3,512
•Vi*
so. im
Aastin A N*w«*»<i November.
222,550'
230,741
22.498
37.470
BaH.Cb)-*.A Att. Dcv-rabar
13.5 , '
B.AO.East Une* January. . 1,845,877 1.220,8! o 1,385,877: 1,220,219
Western lin e * .1 m o s r y .,.
U.MM8 1 .u.2Di
*43,OtWf
480,310
T otal..............laao*ry. . 1.826.045 1.894.435 1,926,815' 1,604,435
Bai.AO.3ou*w .<2*1 wk Feb. 112,641 107,7,41
720.032
730,608
BanxorA Arooat.;December.
388.247
722.543
2.4.502
11, t A
■*“
3 5,8531
B a t a * Hani'nit- December.
3,373
2.002
31 .-77
2.07*
Blr. * A tlantic... Jaunary...
1 .0 9 1
1,004
Br<J<i5tlrnEley.,[2d * « Feb.
J ® >52.2 S! 221.096 «330.020
Bruns«r*s s » V e ; Decem ber.
19.26 S
54 I 140
532,00*.
40,144
BitS.Roca.APUt s-4 wk Feb.
42, 4-(
333,836
4.5,4 >3
329,074
Butfaio A Suwj. FFiaJuly i 257,334; 179,851
Bur.O.Rap.AN -4 wk fo b
510,9061
74,4a*.,.'
88,090
id C n s
Camden A AM. November
50,070!
919,130
43,682
854,115
OBaadiBDFaolB- 2d wk Feb, 307,00224.00
2,130,000 1,028,036
'Cap* P .A Y a d.v. A f wk Jan.
12.
H
02
0,320
Oar, Midland.
December
4,7 It!
31,071
3.83*,
'57,200
Cent, o f
D<* *-iul>»f : 523,213 4SS.087;
Central of N .J .. November. 4,279,884 1.051,800 13j045,474 U .2.>0.5 )2
Owitral Fact lie November i . i i >.7o-> 1.1 i >.! ,* 12,008,700 12, DO 151
4.5,*.ol
61.570 522,928
815.928
December
Oheraw.A D art 4*(IU>01!J r.
12.1511
9.01V
00.74 s
59,870
Che*. a O h io .... 2d wk Feb. 17*.05f 155. *471 1,208.010 1,001,7;* *
Oi0*,O.Asto.W J aium ry...
107,101 j
176,931; 197.101
176,931
fh lo . Bur.ANr* December. 107.062
135,401! 2,005,007 1,626.309
CBte. Bur. a u December. 2,724,718(2,400.350 3t.OV2.3ill 31,511.978
Ohio. A E m t. Hi 2.1 Wk Feb.
00,770!
05.779 193,432
487,319
OMoaao A Erie J u ly ..........
1*7,11*.*: 156.633 1.350,3851 1,234,124
C hlAU t.W M tn 24 Wit Feb,
3*23.237;
301.470
87.813 s 6 8 .9 17
C alc.M ll.A S tP 2.1 wit Feb
51*0.311 423,7»7 3.400,776 2,739,181
Chic.A N'thw'n December. 2,814.76*; 2,046,845 31.503,:((><• 2<J,05931V
2d wk F«l»
21.015
124,838!
16386
100,183
C h lc ,B * k l.* P .. January.. 1.182385 1, 121 . 81)1 1,182,585 1,134,89 A
Chlo-St, P.M.AO December
859.121 534,004 7, *10.761 7,297.61.9
CM o.AW .M let) let wit Fob
25,102
134,819:
27,705
130;8?f
Cln-Oa-APort* January,..
4.478
4,477
4,470
Cla.k Kent. don. November.
834
973
.-Ctn.Jaek.AMac 2ii wk Feb.
9,344
14.004
79,097.
To m s
Cln. N.O. * T . F No* ember. 348.000 310,00*.*
N. Orl. A It. t 3d wk Jan,
211,000
28,000
0O.WX*:
67.000
Ala. A Vicks? 44 wk Jan.
12,0(6.
Hi,00*.
33.000
28.000
V !ck«.0h.A P 34 wk Jan,
7 ,0 6
UJ0»
23,016)
27,0*61
O n . For*— A V January.,,
21.3*1*
18.508
21,50Clarion R iv e r .. November.
3.260
Ciav.AaronAlJo August___
82,820
587,348
73,006
m m
Ciev.Can, AS<>. tstw k Feb
9,4 1i
10.317
54 20*
00 867
OLCIn.Cli.ABt 1 1st wk Feb 211,617 230.160 1,3 14,3 3"
Pee. A East's . December. 161.057 140,61*
.
1,08)1
*J1- Lor.A Wheel, 24 wk Feb.
19,570
18.127 *®M S
120.032
ttol. M idland... Jauttaiy,.
151,630 114020
114,928
131,830
Ooi. H .V A T oi January... — 3,;. : 201,6)3
204,803
202,033
■CoL
i SanJ’y A H 24 wk J •
16,101
13,877
100,17 s
S5,4:«*
Ooiae* * Dike , January...
900
1,0*6'
1,000
90)
Crystal------ ------ ! December
1,067
10,H!)t
1,008
0.013
•Dttmh'Pd Valley j December,
82,509
78.733
H11,653
883.701
D in v. A Bio fir 24 wk Feb. 128.116) 12 !,')<> I
704.300
782,900
D esM .A K nn. C 1st wk Fe >
2,000
1.376
7,057
12.184
1 » « M. S. A W. January.,
37,079
22.523
22.523
37.070
DetLamFg&No.j l» t wk F«*
16.153
17,0!)Sfi.tlO
03,858
Deft,* Maokl.ua?: December.
2 6 377
11.301
232.840
38.1,212
1, «,.i*.i* m .s a 2,155,813 1,500.02!)
DnVAIFultimge November
Duluth* .* -V 4 4. ! «t Wk Feb
37.328
35,071
170,142'
153.821
S irin JoL A E asl J an nary... 10 !.!I06
78,232
100.966
78,232
E r ie .,............
December 1.516,724 : !,231.381
E sreka Sprlnca. N ernnl'.-r
3,0 i i
83.802
87.92*
5,48*
BvBBAAJnd*pU«'3»l wk Feb.
1,352
5,8 IS
j . .: *2
B v » b *. * Bleb, iist wk Fell
1325
8.37*
8,720
1.031
Svanav, A T, B 2d Wk Fell.
109,942
16.741'
20,006
132.27 V
WtoWHW.......... Decrmller
016,581 579,425' 7.440.40.. 8,9,00.243
Flint *A P
P.M
. " ani tst-WlE E*si*
55,627
34,324
213,903
201.027'
Ft. Wt&ADen.C Deeeinber, ■ 101,782 143,767 1,086.702 1,335,879
ffcW . a W o Or 3.1 wk Feb
7.218
0.573
52,375
52.727
D a r t.,* AH. IV J
,.,r .
903
<121
823
IKS ■
aeorkla B R ...-..3 4 wk Feb,
32.770
247,387
20.523
131,780
2 « W « , k A la
Ifli wk Jan
15.4 11
0 . 103
»0,ti)
•->1,07*
&*.<3»rt» A No December 103.673
70.732
770,708
712.100
0 8 0 . So. A F la ,. 1January....
88 116
70,730
70.738
80.148
Br. Bay. A l on u t w k Feb,
43.010
32 ,-12
182,10.)
192,772
<,lB.tA8t.W DtwkFel.
... V.
7.534
38,6*1
38.1149
rravemeOltF. l*tw k Feb
973:
783
3,414
5.00!)
Mb #.0 , R. A t i st wk Fe(,
1, (i.|9
2.66;.
9.104
13,301
Tot, *11 line* r*t wk Pei.
93.46.V
42,717
250,431
214,016
Brand T ru nk... Wk Feb 15 277,159 283.573 2.000.
1,1)32.903
750
cm * . A (i t , Tr » k Feb. «
38.380
67,183
256,862
354,120
0-FOr.H.AM Wk Feb. *
15,003
13.37 t
9M il,
89,131
Balt A GMMMfe. Jaww.trr...
2.084
1,1774.177
2,1)0 4

lp£

1895-8.

1891-5.

|Jan. 1 to Latest Date.
1,81)5 t>.

1894-5. "

-

S
S ;J »
Great Nortli’li—
Ft.P. M. A M. 'January... 852,415 699.911
852,415
689,911
105,-16
86.1' 9:
Eaist o f M luu.. January...
1' 5,468'
86,109
151, 9:
105,858;
M ontanaCent, January,..
154,508
105.858
T ot.system . Jaauary... 1,112,481 881.938 1,112,1*1
881,938
3.3S3
Hoo*,Tttn.AWU.<J anuarr. -.
3,870
3,070:
3,383
Hon8.E.&W.T8J 3*1 wk Get.
19.012:
451,212!
16,800!
333,899
B m ossl’nABheii .1anuary...
10.700
9,259
10,700
9,259
Illinois Centra). January.. 1,805,432 1,609,158 1,805,132 1,609,156
10.320
14.146:
lnd.D«o.4W <wt Jlli w kD oc
475,188
427,084
85.592
06,904
769.972
Dul. 111. & iow a.D ecem ber.
715.119
57.112
60,803
In.A G t.North’D 24 wk 1VI>.
395,448
437,826
45.401
1Interoo. (M ax.). w k Fei * i
41.156
206.8601
232,683
38,644
29,247
Iow a Centra)-----(2d wk Feb.
236,5.? I
176,385
4,2 is
Iron R ailw ay... January...
4,119
4.218
4,119
ja o k .T .A X. W. December.
28,687
94,304
387,408
808,500
4.2G4
4.302
JamesFn 4 L E Septcuib’r.
31.243
33,749
KanawtiaA M id 2*1 wk Pel*.
8.309
6,217
50,220
42,343
77 .0/ 0
K,G.F.ScottAM I,st wk Feb
72,422
417,608
389,687
K .*.’. Mem. A Blr. 1st wk FeW
23,724
19,494
133 999,
107.318
Xau. C. N .W „ .. January.. V
23,881
17,57ft
23.881
17,575
K ao.C.ABeat. January...
343
417
313
417
24 Aivk
12,276
K.
C .P irt*.
O . Feb,
.
8,921
09,335
57,930
Kan.C. Sub. Belt 1st wk Feb;
4.518
0,485
23,567
18,220
Keokuk A West 1st w k Feb
0,387
6,041
41.055
33.580
u Erie AlLASo. Ja nuary...
6,347
7.701
6,347
7,701
56,87.
L. Erie & West.. 28 wk Feb.
57,800
415,777
385.318
L ehikbA Hud.. Ja nuary,.,
30.070
30 070
37,9(i3
37,963
L» Jfirton ASBiMt D ew u her.
13.407
13 948
207,334
M n i'I s la n A — 24 wk Feb.
35,811
49.753
316.031
305,177
Dos. Auk. Term J. _anuary
..............
7,730
..
16.009
7,736
10,009
I',,'
28,410
Umls.Ev.A3t.D. "A
2d wk Feb.
21.972
168,2 ill
146,648
Itoatev.ANashv jJ wk Feb.; 301.1(6* 294,170 2.434 190 2,235,337
50,211
ItoBlAS.AJeCh.:-ift wk Fob.;
30.S.12
327,817.
298,388
35 ,say
30.147
Don.S t D.ATex. Jantiary...(
35,3901
30,147
Macon * Mira)..; Janukr r . . . i
6,0iK»
6,422
6,000;
6,422
11,10
Manlatlipie— •.. Jau.iary.
10.270
11.194
10.270
24,605
MemphlsAOha*.; t st w k Feb
147/ 16,197
105,374
! M exican O u t .. 28 wk Feb. 174.343 173,566! 1,197,999 1,111,857
Mexican lnter*l.)jio smahor, 231.610 187,426 2,37*.6i»l) 1,959,880
: vt**c. K atiooai. _*<i wk F** >:
89,.500
Sl,7i*3'
"
578,964
495,978
54,104
Mex. Norwiarn, Xoveuitmr.
£ 1,*74! 621,778! 584,403
VMfvioanR'wi,;. Wk Feb. i
71,3291
62.000
301.724!
320,904
M eiiean S o----- ttb wk Jan
13,202
12,02*1
*0.422
38.175
Mnmeap.A St.I, 24 wk Feb.
26.165*
212.112
168,514
M.
0MVA0.0t.M 1,1 wk02,472
Pel.
48,401
305,1X3:
202,038
Ma K ao. A T e x .; 2-i wk Feb. j 108,5*9 177,131 1,141.495 1,291,027
M o.Pao.A lronM (2 1 wk Feb
301,000 335,00
2,306,060! 2.326.000
Central B reh .' jft w k Feb.!
n.oo'
V
78,004b
50,000
345,00, 2,584,000 2.385.000
T otal.......... '24 wk Feb
375,00)
4.043
Mobile a B tra. it st wk Feb!
31.011
9.316
29,*,*73
M obiieA O hio.. January... 21)9,852 470.698
299,852
270,009
Mont.AMcx.Utf I mremuer. i
1,211.111
S a « b ,0 A « 8 D U ! j ,n n ar y .. . 1
382,804
463,593
382,804
Nevada Central S'lvember.
3,3 (3!
•4,153
27,419
22,860
V. Jersey A N . Y ttooember.
27,402
27.219
330.543
331,401
Now Orl. AtO id December
7,80fc: 12.663
89,026
N Y. C. A 11. R January. .!3,477,0)18 3,150,709 3.477,960 3,150,709
N .Y .O a t A W. 2.1 *»« Feb,
38.343
338,373
300,347
N .Y.Susq.AW . December
193,697
193,574 2,204,018 1,962,984
Norfolk a West 2*1 wk Feb. 190*596 129,290 1,2 SO, 331 1,071,054
Nurtlio'rn |Oa i . December.:
..............
11,670
6,110
51,361
61.176
S c n h ’a Centra* December. .159.184 51 7,78 . 6,506.02s 6,031.261
North'll Pacino "24 wk Feb. 282,104 244.950 1,737,804 1,470,847
Oconee A West D ecem ber.
29.016
2.680
1,918
30,058
Ohio R iver........ 2d wk Feb.
18.470'
101,783
11.693
71,412
18.04D
13.794
18.011
13.794
Ohio Southern
tth wk Jan!
23,156
22,011
72.410
06,120
December j 240,32b 277.19! 3.221,633 3,751,253
a ? a ? ; December.! 37
*.651
_____
_
325,209 4,308,033 3,874.285
Pennsylvania,. December 5,039,601 5,153.789 01.127,177 58,704,283
PeoriaDeaAAv 28 wk Feb.I 13.597
10,757
103,636
111,702
Peter*:* I
December.!
47,481
540,227
517.811
3B*»?‘
Pfsila. A E rie,. December. 341.433 279,854
4,378.572 3,905.197
Phtta-A ttead'K Oecuui tr. 1,633,257 l.SSDOJS
* • ' •"* 21.681,904 20,144,191
,1 ?Ow
O
ft *.AK a, 8
a
C oal& Ir.C o., December. 2.216J)58 1,588.255 *>
24,70*,902
21.545,81
T ot*lbotbO o- |Dooemb^r, 4.049.015 3,140.183 46.200,808 •U Ot-9.899
»h
Jr
V
K
!fi«,-..mh.£.e
<10
RQ8
fit
Qtt
Ph. Read,,AN. E.j December.! 62,508
61.85
768,963
679,120
Pltto.U.C.*8t,L Jannary.. .1,226,545 1,107,-07 1,220,313 1,107,807
«tu .M ar.A iJi> [January,.
3.202
3.433
3 453
3 202
Pltt.8beu.ADE 2d wk Feb.
10.703
73.177
8.421
44,865
Pllteb. A Weet 2d wk Feb.
24 201
20,053
157.491
138,900
Pitts. Cl. A To i 24 wk Feb.
12.332
13.191
78.960
81 603
PIMA Pa. A F 2d wk Feb,
3.142
3.462
21,547
16,791
Total system. [24 wk Feb.
39.075
37,007
258,004
237,354
P ltt.Yoaae.A A December,
92.190
99.899 1,727,992 1,224,127
Uttinoy U.A K.< January. .
23.- 21
19,278
23 621
Hlrh.FFksb.AP. December.
50 l.il
58,838
728,442
osllfl
28,032
Rich. A P e te n K December
24.874
340,901
329,882
aiu o r . saa in ’ n 2*1 wn Feb.
7,660
6.203
!>1,648
42,982
Rio Or, W est'll,. 2d wk Feb
35,200
32.000
222.800
200.550
January. .
'.I.OIJ*
8,6 o
9,008
8,670
dae.V at A S t 1„. NovemiKir.
0,661
7.104
77.219
78,930
9 t L. A, A T . H. is tw k Fob
22,310
21,010
129.090
1*28,080
8t.D K en’elA8o. January...
4,180
3.20V
4.180
3 *205
8t.L.SoathW rn. 2*J wk 1-Vo.
01,100
90.900
012.000
645,500
St, Paul A Dul'tb .1anuary,.,
90.697
82 7000 097
8*2.703
Ban A nt.« A .P . December
177,739 250,080 1,974.3^8 1.94G.751
8. Frail. A N.Pao. January.,
46,301
39.00
40,301
39,601
Sav.Fta. A West. December
291,563 307 78 1 3,372 .832 3,902.246
Sasr.Hlirev.A So 1st wk Feb
5 453
0.1HI
31 085
41 144
Sll. Sps. O. A (I December
10,Otto
8,049
172,349
150,280
Slivetton.
.[January.
0.30'
1.004
0.300
1.604
BO. Ila von A East .1»» a.iry..
1,025
84'.
1,025
847
8o. Paoillo C o .- ;
Oal.liar.A S. A November
474.54 > 430,494 4,309,880 3,850,353
Doaih'aW est.. November
112,00-1
94,081
990 653
897,824
M"r>ra*i'iDAr. Noveinber. 708,750 731,-14- 5.37.) 30 . 5,353,281
K.Y.T. A M e*.[Novem ber
17,99)1
29.49
*215,072
239,827
Tex. A N. Orl,."November
141,0)0 155.9;)
1,497,88) 1,417,689
AUantleays.ft. December 1,36-1,924 1,551,53. 14.022.001 13,501 224
Paoltto system Decotuner 2,009.000 2,42.) 52 * 32J.-07.32> 31,207 779
T ota lofftU ,. Uetenibc!
. 92 - 16,529 327 4 1,772,003
Affiliated lines Deceuibar , 5(0;,*;! 1 7.V1. Vi
->,»*) 4.05*2 6,309.095
Grand total. December !4,541.7 Sl4,7i3,li)< 52.441.-189 50,918,137
So. Pan. Of Oal Novembe:
927,16
805.21: 0 561,985 8,353,570
So. Pao.of A rlr Novoraber
210,000 203.52. 2,07.1.1** 1.914,285
8o.P ao.of N.M N ov cn ib o
103
83,29*
994, *00
848.164
Nortbs.ru Ry.. Noveintwr
101,381 190.59! 1.840.102 1.090,542
SoUUli.vvi Hr .. -2,1 wK Fob
2,2*8 31)2 2 .12* .060
852,
Spok. F'lsANor. J a n u a ry ..
25,776
18,63*2
b aton ( h;. K t‘. December
1,179.378 1,071,0*8
Stony*’!.A C M t.. Dovombor
42.571
44 535
BtKnmlr Branch. December
91 274
8 4,73
1,151.131
977 698
Dyk. Val. l oaf Dwcm lw r
77,907!
70,386
766 509
874,010
Xot’ I both Co*s December
109 181 154.124 1,919,640 ) ,852 308
$

Haitroad Intelligence*
RAILROAD

357
Latest Gross Earnings.

1,099,378
102,465

THE CHRONICLE.

368
Latest Gross E a rn in g s.
ttOADfe

Wtetc o r Ato

Texas A Pacific. .2d wk Feb.
Tax.S.ValAN W January...
fol. A Ohio Cent !2rt wk Feb.
fo l. P. A W est, let wk Feb
Io l.S t. L .A K .C 2d wk Feb.
Ulster A D el.
December.
Union Pacific—
Un. Pao. RR. December.
O r.B .L .A U .N December.
8tJos.AGd.il* December.
Kan.C.AOin .December.
Tot. fit. J. AG. I U t wk Feb
Oent.Br......... a 2dw k Feb.
Acb.Col.AP. / December.
Ach.J.C.A W (
Gr’d total.'* t December.
U .P a o .D .A G December.
F t W’tb &D.C. .December.
W abash............. 2d wk Feb.
Waoo A Northw November.
West Jersey.. . . JNovember.
W .V.Cen.&Pitt* January...
West Va. A Pitts November.
Western of Ala . December.
W est Maryland , December.
W est.sLY. A Pa lsfcwk Feb
Wheel. A L. Erie 2d wk Feb.
Wisconsin Cent 2d wk Feb.
W rlghtsv.ATen IJanuary...

l» 9 5 -6 .

1891-5.'

Jan . 1 to Latest Date.
1895-6.

Kan. City Mem. A Birm.
Keokuk A Western...........
Memphis A Charleston..
St. Louis Alton A T . H ..
Sherman Shreve. A S o ...
Toledo Peoria A West’n ..
West. N. Y . A Pennsylv

,142,431 1,110 645 14,336,291 1 4 .8 17.807
382 823 5,394.198 5,009.467
471,077
7 82.657
614,078
58.195
49.153
1 1 2 .0 i9
75.415
7.797
10,943
65.298
67,268
10,604
11,996
59,0 0 0
78.000
10,0« 0
11,000
355 828
276,703
21865
2 7 .'0 3
872.861 1.709 569 22,350 404 23.171.791
2
,8
47,057
3
.0
9
1
.4
"6
261,162 247.844
143.767 1.086,7<’2 1 .3 35,879
101,762
1,2
9
0 ,3 4 7
1,391,813
2 13,367 195,054
254,033
246,682
42,039
2 ,458
1,474.076
1,559,675
111,550 108.574
7 0,121
96,305
70.121
96,305
342 325
349,916
2 8 ."3 9
31 189
5 33,604
556,059
48.176
63.578
98.737
92.354 1,298,187 1,248.4 53
270.900
2 71,217
54,000
50.200
13 554
142,891
15,683
23,980
367.050
416,689
59 733
73,818
5 ,9 0 *
9 ,0 '9
5.908
9.089

Total (80 roads)............
Net Increase (12-97 p. o.)

*
100,777
4.481
33,159
17,742
25,138
27,456

if
837,033
3,454
200.737
107 967
196,766
416,552

Total 54 ruiuoi..
Net Innreaw* 0 7 *9 3 p.

1896.

1895.

$
23,423
22,030
9.077
112,681
33,447
42,435
73,486
307,000
178,854
68,770
87,813
649,311
21,615
14,0o4
19,570
13,677
126,100
4,552
20,986
7.246
32,779
277,159
60,803
38,641
8,188
12,2 6
56,870
49,753
26,410
391, 00
50.211
174,343
80,500
35,087
196,548
3 6 4 ,OOu
11,000
47.855
199.596
282,104
18,479
13,597
10,703
39,675
7,650
35,200
94. LOO
3 5 2 ,47J
116,780
30,833
29,472
213,367
15,683
73.818

s
24.309
14,219
5 ,5 5 4
107,751
t5 2 ,"4 1
45.433
66,090
224,000
155,347
65.779
59,947
423.797
16,866
9,344
18,127
16,101
121,900
5,818
16,741
6,573
20,523
2 63.573
57,112
29,247
6.217
8,921
57,866
35,811
21.972
29 4 ,4 7 0
39.852
173,566
81,793
26,165
177,431
335.000
10.000
33,3 4 3
12-1,296
2 24,950
11,693
16,757
8,431
37,607
6.2o3
32,600
90,9 JO
282,050
100,777
33,159
25,138
195,054
23,93o
59,733

5,197,390

4,407,147

)

In crea se.

Decrease.

9

9
886

7 ,8 H
3,523
4.930
18.794
2,998
12,39b
83.000
23,507
2,991
27,86
125.514
4,74 J
4,660
1,443
2 ,424
4,200

__

4,244
673
12,256
13,586
3,691
9.SS7
2,171
3,355

1,296

___
_
996

13,942
4.438
96,630
10,359
777
7,707
8,922
19,117
29,000
1,000
14,51*
70,300
57.154
6.786

Prev’ly reported (64 r’ds)
Chloago a Grand T rim *.
Cln. Jackson A Mackinaw
Cleve. Canton .V South’n.
Des Moines A Kan. City.
Det. Gr. Hav. A A lilw ....
Duluth So. Shore A A tL .
Flint a Pere Marquette.
Georgia............... ...............
Kan. Cltv h't. 8. A Mem.

9
5,538,057
57, i 85
1.3,243
9.051
2.b99
15.003
37.326
5 5 ,6 i7
40.301
77.060

1893.
$
4.924.112
38,360
10,359
lo,517
1,378
13,374
35,071
38.324
22,729
72.422

2 ,2 6 6
4,334
1 8 ,3 i3
8,297
14,085

In crea se.
$
686,' 65
18,*>25
2,884
721
1,629
2,255
17.303
17,575
A 638

5,9 9 7 ,1 7 3

5,308,614
.............

Decrease.
9

4 ,230
46
8,468
30J

729
1,735
3 ,8 0 0
7 6 7 .2 7 4
688 ,5 5 9

7 8 ,7 1 5

Net Earnings Uontlily to Latest Dates.— The table follow­
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 kiod will
be found in tne C h r o n i c l e of January 18, 1896, The next
will appear in the issue of February 29, 1396.
in g shows the net earnings of S t e a m railroads reported

— Gross E a rn in g s.— ■ — N et E a rn in g s .----1895-6.
1894-5.
1895-6.
1 8 9 4 -5.
Roads.

a.

5 ,243

Baltimore A Ohio—

. 1.38^,877
.1 0 ,9 9 7 ,5 3 4
443,068
Lines W. O. R .b . .Jan .
July 1 to Jan. 3 1 ___ . 3,5 6 4 ,4 2 8
Tot both systems b. Jan.. 1,8 2 3 .9 4 5
July 1 to Jan. 31 . . . ,1 4 .561.962
218 ,1 8 2
EdisonEl. Il.Co.,N.Y.Jan.
2,5 1 8 ,7 2 8
154,284
Georgia, a
.............Jan..
July 1 to Jan. 3 1 -----.
938 ,7 8 8
8 6 ,1 1 6
b. South. A F la .b . Jan.
5 3 0 ,0 2 0
July 1 to Jan. 3 1 . . . ..
3 1 0 ,7 2 0
Lake Erie A W est.b.D eo.
Jan. 1 to Dec. 3 1 ___ 3,5 1 9 ,1 0 4
148.401
Memphis A Ohas’n . . Deo..
Jan. 1 to Dec. 3 1 . . . .. 1,266,937
75 2 .4 5 3
July 1 to Deo. 3 1 . . . .,
2 9 9 ,8 5 2
Mobile A Ohio a ........ Jan. .
July 1 to Jan. 3 1 . . . , 2 ,1 9 3 ,6 9 0
Nash.Ch. A St. L .b -.J a n .
463,598
July 1 to Jan. 3 1._ , 3 ,0 9 9 ,3 2 9
8 0 ,7 0 4
Ohio R iver.b .............. Deo.
8 87.271
Jan. 1 to Deo. 3 1 . . . ..
Pitta. 0 . C. A St. L ...J a n .. 1 .226,545
Spokane Falls & Nor.Jan.
25,7 7 8
Union Pacific—
Union Pac. R y..b..D eo.. 1 ,1 42,431
Jan. 1 to Dec. 3 1 ...1 4 ,336,291
471 ,0 7 7
Oreg. S .L .A U .N .b .Dec..
. 5,3 9 4 ,1 9 8
49,153
614 ,0 7 8
Jan. 1 to Dec. 31
10,9
43
Kan. C. A O m .b ....D e c .
7 5 ,4 1 5
Jan. 1 to Dec. 3 1 .
45.8 5 6
Cent. B ra n c h ..b ...D e c .
3 4 4 ,7 7 0
Jan. 1 to Deo. 3 1 ..

$

3 ,542

1 ,229,219
1 0 ,6 3 7 ,2 8 0
469 ,2 1 6
3,1 4 0 ,8 5 1
1,6 9 8 ,4 3 5
1 3 ,7 7 8 ,1 3 1
20 5 ,6 4 3
2 ,2 3 4 ,3 6 1
108.498
842,882
7 0 ,7 3 6
527 ,7 8 6
3 0 3 ,1 9 0
3 ,3 4 5 ,4 0 4
134.721
1,2 8 6 ,7 1 0
6 9 7 ,7 9 0
270 ,6 9 9
1 ,9 4 2 ,2 0 0
38 2,804
2 ,7 5 5 .1 7 3
55,3 4 7
7 1 2 ,43L
1 ,1 0 7 ,8 0 7
18,632

1,616

781

3 5 3 .7 7 6
2 8 4 ,0 6 8
3 ,6 2 6 ,1 1 1 3 ,7 6 L. 135
5 4 ,4 5 0
1 0 3 .7 8 5
8 8 7 ,0 0 1
6 5 2 .6 3 1
4 0 8 ,2 2 6
3 8 7 .8 5 3
4 ,5 1 3 ,1 1 2 4 .4 1 3 .7 8 6
116,855
1 01,318
t6 0 6 ,2 4 2
501 ,8 5 2
*54.065
*38,454
*327,596
*2 9 4 ,0 5 9
4 6 ,8 5 4
1 8 ,3 8 6
2 47.477
1 5 2 ,3 0 2
149 ,3 3 3
1 5 1 .2 2 1
1,6 0 2 ,9 8 9 1 .4 7 9 ,5 5 1
53,6 8 1
4 4 ,2 6 6
2 1 1 .2 2 2
2 2 0 ,7 1 3
2 1 2 .2 6 4
17 ,5 9 0
11 8 ,3 1 4
1 0 2 ,3 5 7
7 6 5 ,6 6 3
9 1 0 ,7 5 3
151,211
1 7 4 .4 3 7
1.2 5 8 ,3 0 5 1 ,1 5 0 ,2 3 2
20,357
3 2 ,4 8 1
2 7 6 .9 6 3
319 ,5 4 3
2 5 8 ,6 7 0
2 9 3 ,3 8 5
16,441
7 .0 5 0

1,1 1 0 ,6 4 5
367 .7 5 7
2 9 1 ,8 8 2
1 4 ,8 1 7 ,8 0 7 5 ,4 9 8 ,9 6 9 4 ,6 3 2 ,1 7 6
6 9 .0 6 9
3 8 2 ,8 2 3
238,3*l0
5 ,0 0 9 ,4 6 7 2 ,4 2 0 ,6 4 0 1 ,3 7 2 ,9 7 5
58,195
4,977
13,8 7 8
7 8 2 ,6 5 7
1 9 0 ,6 1 3
110,720
385
7 ,797
2 ,262
112,049 d ef.23,370 def.24,767
22,1 3 4
1 8 ,7 7 0
1.6 L4
376 ,1 6 0
110,726
1 2 3 ,2 3 7

21,8 6 5
1,703
27,703
276.703
35 5 ,8 2 8 def.49,077
Jan. 1 to Dec. 3 1 .
67 4 ,2 5 4
Grand T otal. .b .......Deo.. 1,8 7 2 ,8 6 4 1,709,569
Jan. 1 to Deo. 31 .2 2 ,3 5 0 ,4 6 4 23 ,1 7 1 ,7 9 1 8 ,3 o 4 ,6 0 7
261,162
2 4 7 ,8 4 4
104,901
Un. P.D. A Gulf, b — Deo.
3,0 9 1 ,4 8 6 2 ,8 4 7 ,0 5 7
7 7 8 ,2 0 6

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

Infer’ i, re n ta ls,
» < -B at. o f N et E a rn s —%
1895-6.
1 8 9 4 -5 .
1895-6.
1894-5.

3 ,160
Roads.
L. Erie A W est’n— Deo.
Jan. 1 to Dec. 3 1 . . . .
Nashv. Chat A 9t.L ..J a n .
July 1 to Jan. 3 1 . . . .
Pitts. C. C. A St. L .. . Jan.

$

$

59,5 0 1
7 0 1 ,7 8 6
124,118
876 .6 1 2
2 8 6 ,8 8 3

59,0 9 1
682 ,9 8 3
125 ,7 3 4
839 ,0 6 3
257 ,5 4 7

$

8 9 .8 8 2
901 ,2 0 3
5 0 ,3 1 9
3 8 1 ,7 9 3
6 ,5 0 2

if

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

STREET RVlLWA¥3 AND TRACTION CDtteANiES.
The following table shows the gross earnings for the latest

41,117

I Earnings for last year were largely increased on account of trolley

1896

$
19,491
6,341
16.197
22.010
6,184
17,74 i
54.0 0 0

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregring,
also report charges for interest, See., with the surplus or deficit
above or below those charges.

strike.
For the first week of February our final statement covers
80 roads, ami shows 12 97 per cent gain in the aggregate.
18t week or F eb ru a ry.

$
23,724
6,387
24.665
22,3 1 0
5,455
19,477
5 >,200

a Net earnings here given are after deducting taxes,
b Net earulnvfl herA sriven are before deducting tax es.
* Including other income, the net for January, 1 8 96, was $ 8 4 ,4 9 5 ,
agaiost $ 6 8 ,8 8 4 , and from July 1 to January 31 $ 3 8 9 ,4 0 2 , against
$ 3 55,865.
t Inoluded in expenses for 1395 is one-twelfth of the entire taxes for
the year.

2,2 **2
2,068
1,447
2,'600
3,20u
70,421
16,003

831,36;)
7 9 0 ,2 4 i

In crea se.

1895

1896

9
874 ,8 2 4
4 4gl
1 98.668
97,414
161.413
4 1 1 457

f
116,780
3,454
30.893
19.477
29.472
28.777

Latest Gross Earnings by Weeks.— Thelatest weekly earn­
ings in the foregoing are seoarately summed up as follows:
For the second week of February our preliminary statement
oovers5 4 roads, and shows 17*93 percent gain in the aggregate
over the same week last year.

Alabama Gt. Southern...
Ann Arbor...........................
Atlantic A Danville . . . .
Bait. A Oalo Southwest.
Brooklyn Elevated...........
Buttaio Rooh. A Pittsb’g.
Burl. Ced. Rap. A North.
Canadian Pacific...............
Chesapeake A Ohio.........
Chicago A East. Illinois
Chicago Great Western
Chicago MHw. A St. Paul
Chic. Peoria A St. Louis.
Oln. Jackson A Mackinaw
Clev. Lorain A W heel'g..
Col. Sandusky A Hock’g.
Denver A Rio Grande—
Evansv. A Indianapolis.
Evansv. A Terre H aute..
Ft Worth A Rio Grande.
Georgia.................................
Granu Trunk of Canada.
Intern’l A Gt. North’ n . . .
Iowa Central. . . . . . . . .
Kanawha A Michigan—
Kan. City Pittsb. A Gulf.
Lake Erie A Western.......
Long Island........................
Louisv. Evansv, & St. L
Louisville A Nashville...
Louisville N. A. A Chic
Mexican Central...............
Mexican National.............
Minneapolis & St. Louis.
Mo. Kansas A Texas........
Mo. Pacific A Iron M t___
Central Branch .........
New York Out. A West’n.
Norfolk A Western..........
Northern Pacific..............
Ohio River...........................
Peoria Dec. A E va n sv...
Pittsb. Sheu. <sc L. Erie..
Pittsburg & Western.......
Rio Grande Southern.. .
Rio Grande Western___
8t. Louis Southwestern..
Southern Railway...........
Texas a P acific...............
Toledo A Ohio Central...
Tol St. L. A Kan. C ity..
Wabash.
....................
Wheeling A Lake E rie ...
Wisconsin Central______

1st week o f F eb ru a ry.

189 4 5.

* Figures given do not include Oregon Ry. A Nay., Un. Pao. Denver A
Gulf, Denver Leadvtlle A Gunnison, Montana Urion and Leavenworth
Topeka A South western, a These figures Include results onl eased linef„
b Inoludes earnings from ferries, eto., aot given separately, I M exif>^n ourrenov. c Includes onlv half of lines 1r. whi'*h TTu^n Pacific* hns
a half interest.
) Last year’s earnings were swelled by the strike on
the surface roads.

2d week o f F ebru a ry.

[ V o l . LX I1

period of all street railways from which we are aole t j obtain
weekly or moucnly returns. Tne arrangement of the taole is
the same as that for the steam roads—that is, the first two
columns of figures give the gross earnings for the latest
week or month, and cue last two columns the earnings for
STREET

R A IL W A Y S

1,466

TRACTIO N

Latest Gross E a rn in g s.

Decrease.
$
72,7 2 0

AN D

E arnings .
Amsterdam St. R y ...
Baltimore Traction...
Bath St. Ry. (N. Y .) ..
Bingbatntou St. R y ...
Bridgenort Traction.
Brookton Oou. St. Ry.
Brooklyn Heights . . .
Br’ klyn Queens A Sub

Week o r Mo 1895-6. 1994-5.
January.-2d wk Feb.
January...
January-••
4tb wkJ an
January...
January...
January...

$
$
3,257
3 ,564
22,2 7 0 19,027
1,422
1 ,U 0
8.052
9 ,767
4 ,965
4,348
19,6.->7 17,153
334,789 166,601
49,7 1 0 23.436

CO M PAN IES.
J a n . 1 to L a test D a te,
1895-6.

1894-5.

*
3,534
132,535
1,422
9,767
21,709
19.657
33 4,789
49.710

3 ,257
1 1 5 ,?72
1 ,110
8 ,052
18,793
17,153
166,60 L
2 3 ,4 3 6

F ebruary 23, 1896 ]
G ross
Eak .n i.nos.

THE CHRONICLE,

359

Latest Earning* Reported. Jan. I to Latest Date.

-—
Earnings.-— -----Net Earnings.—
1815-8
1894-5.
1895-6.
1894-5.
Roads.
$
8
$
$
Lowell Lawr’oe A EL.Jan.
26,725
23,540
6,756
3.024
Brooklyn Traction.—
Metrop’n 3t B r..K C. Jan.
129,502
120,124
45,876
35,939
A llan do A v e.......... December.
June 1 to Jan. 3 1 ___
78,887 80,532 829.028 942.765
,218,430 1,178, i39
518,603
449,569
B rooklyn B. A W. £ . December,
5 965
4,983
146,075 120,888 Northampton S t By-Jan.
6,612
4,335
1,668
d e f ,8 8
t o t a l ..............
Ik" ember , 8 7 ,9 3 ; 93.579; 1,026,899 1,133,925
Rochester R ailw ay—
Bottalo B y .................. jD ecem ber. 18 .749 132.872 1,714.163 1,536.2-4
Oct.
I
t
o
D
r
c
.
3
1
.
.
.
212,723
197,633
86,831
85,231
CentralTra<5.(Pittsb.) January... 14.S17 i3,98t
14,8i7j
i ,934
Jan. 1 to Dee. 3L ___
861,092
746,955
344,768
313,060
Chester T ra ction .. -. J a n u a r y . 12,497 11,393
2,4 971 11,393
Chic. A So. Side K T . J a n u a ry...: 65,871 63,3 4
65.8711
6,491
63 ,3-4 Sioux City Tract’ b . . . Jan,
6,606
1,104
478
Oln. Newport A C or.. January... 46,700 39.435
4 8,700
33,4 5 Terre Haute Eleotric.Deo.
11,602
8,35*
3,063
City Elec. (Rome,Ha.) J a n u a ry ...
1,448
•.44 J u l y l to Dee, 3 1 ___
83,507
60.336
34,652
Cleveland City B y ,.. January... -1 .902 72,6481,902
7 2 ,8 1 6 i
198,752
185,580
60,000
JleviMoiiil E le ctric... January... 135,408 103,398 125.408 1 3.4 6 Third A ve.K B (N.Y.) Jan,
47,000
Columbus BR 10a.) . December.
3,121: 2,34<
41.2711
27,000 Twin City Rapid Tr. Jan.
158,913
152,031
83,711
76 ,954
Columbus St. By jO», 2d wk F eb, 11,018
9.686
Dnlon S tR y . (New York)—
Coney I s la n d * B’ lyn. J a n u a ry ... 21,4 8, 26,82
2 1 ,4 -8
26.329
Oct. 1 to Dee. 3 1 ....
111,996
107,189
29,787
45,731
Consol True. (X. J . ) . . : Septeuiu’ r. !2 45.53« 201,835 1,569,635
,869,635 1,568.42
Jan. 1 to Dec. 3 1 ___
•150,037
471,211
175,603
219,479
Denver Con. rramw. Ja n n a rr... 54.5*0- 55.696
51.5*0
35.696
W
ilkesb,*
Wy.
Y
al-.Jan.
38.858
28,410
20,423
11,091
Derby Street S y ........ Septem b’r. 7.810: 3.795:
Detroit B y .... .. ....'D e c e m b e r.; 47,3>e» ........
Dmutu
Ky.
.
D ecem ber. >8,093 17,862
213.219 208.105
E lectric True.. PhlU September. 247,02s 163.2-2
10,835
Erie Elec. Motor Co . January..
10,885
9,602
9.602
). 95
s lushing A t o lie g e P t January.
1,195
Galveston City K y... December. 15.784 17,-11
210.271
189.133
Hestonvllle M .____
A n n a a l B e p o r t s ,— T h e fo llo w in g is a n in d e x to a ll a n n u a l
Aroll street.
. . December. <9,829 *29,492
rep orts o f s te a m r a ilr o a d s , stre e t r a ilw a y s a n d m is ce lla n e o u s
2,172
Race Street.......
December
1* , ; 6 ‘
T otal................. . December, 60,094 31,864 511,193 303,894
«7t
Hoosick B y ................ December.
10,983
............
17,776 19,189
Houston City Si. K y.. December
PL EKE STS.
Interstate C oo-oi m
T in s in d e x d o e s n o t in c lu d e r e p o r ts in t o -d a y ’s C h r o n i c l e .
7,762
7.70 J
North A i tie boro .. January- Lake St, glee. leh ioD J an u ary... 52,055- 44,676
51.013
41.679
RULBOADS ASit MtSCKU CO'S.
Volume 62—
Page.
oeMstb Traction.........:December. 10,34*. 10,067
119,5-8
97.202
Votnine 62 Page.
Railway A Navigation C o. 229
1.520
Lock Haven Traettoo (December,
....
, American District Telegraph....... its** '
IphiA A E r ie .................... SIR
0,032
httlelpbln Wilmington & Balt.. 229
American 8**da Fountain ............ 274 I
Lorain s t .K y ..............November ,
_______ 74,40Louisville Hy............ Septcmu’r. 1*158721 105,* 25 966.698 875.604 American Straw Board . . . . . ------- 3D ; . Louis VsndaUaA P. H............ 27S
ath Carolina « Georgia............. 27*
American ’Lobacot,.................... :si7
Lowell Law. A H a y.. January.. . t 2 4.78A- 2.1,540,
26.725
23.340 BiUtimoru
< bmapsake A Atlantic. 27* Southern N. E, Telephone............ 318
>7 101,705 Canadian PariHe...........................
Lyon A Boston........ tat wk iVi. Jo,23 " 17,790;
315 Street's Western Stable Car Lino.. 275
■deDop.iKuMMsCiryi 2 Wk» Feb. 58.3 2 50.33i
187,054 170,158 Central Vermont ......................... 815 Trenton Potteries
................... 317
.381,507
S ra err Ra il w a y s .
-....A .. Choctaw Oklahoma A Cful f. ......... 18s .
Volumes 61 and 63—
Page
Hetioii.tW asb., D. U,)< t-gday.Hep
7,440
4.175
* *m-smmti HataUtOO A Dayton.. . J82
M ontgomery 64. Ky Dee-ember.
4.38.1
3,623
35.210 Colorado M id la n d ......................... 1*2 Baltimore Traction .......................3 7 4
50,045
Hock. Vat * T o le d o .... ita ! Drooklru^Rleyatal.........................f N t
Munir*-** Street Ky
January.
95.057 73.910
93.057
73.910 Cbtambus
Coiuuliitatum Coal or Md
..
»17
Nashville st. Ky ... December. 27.740 241.1 iH
Delaware,%Hadaoa Cana' ..... . 2S8 : Chicago A s'.iuth Side slip. Tran .*23 ’
Ntswbitrg E lectric— November.
5,818
3,594
Delaware Lackawanna A We*tera 23* Columbus (*>hlo> Street By
.*_
New England St.—
Ijt&amnA MaKA.
Si? ; Lake Street Elevated (Chicago) ..*2
. Ky.
Winchester Ave . . . December
...............
15,406 14,881 232,2 H
207,338 ; K d tl»h ® * «. iaiito., Brooklyn 184.228 National
(St L o..u ts).,......:...''
BIDOII
Elec.
Ilium.
n(
New
York.
I
-I
N'ew
Orlcaua
Traction
Plysn'tb it Kingston I *oceiitber
2,083
29,81.1,
1,374
2 9 ,«d ! |
r«I«gni|*b A Telephone .... 27.4 * N
North
Street.
orth Chicago
(.-titeaeu S
tr e e t........................ 17
T ota l.................... Wk.Feb. 1
3,674
3,445
A Bread Top
M l ..
North Shore Traetloa....................... 1010
N «»H .iV »a*C eu U ev January .,
2,435
4.620
4.82 o
2,485 Illinois
Stwl
N'OWhwestern E levated (C h ic a g o > ,2 3 1
New Haven St. By. .. J a n u a ry .,, 14.6 49 12,623
1-4,049
12.623 Mexican Central ...
W est C h l.a r o S tr e e t............ , . . . I N . !
2,718
New London i t K y.. November.
Nstlotial Linseed 00
2.894
West End (Beaton)........................ Udi
New Or.ean* Traction Ja n u a ry., 105,329 91,044
105,329
91.044
N. Y. A Harletu, .....'D e c e m b e r ,
Notk— F ail-face flgures under S tggB r R a il w a y s refer to Vol. 62.
1,015.076 1,100,U 7
Northampton St. By.
Cliicsgo A Alton UaUroad.
(KaM .1. .
6,612
............ .'January
4,335
4.3.35 j
6.612
Ogdetuburg St. Ky.
December
1 4 1 5 ..........1
....
( R ep ort f o r the gea r en d in g D ec. S I, 1895.J
Paterson K>................ 'January... 2 <,336 19.271
23,336
1% 2'ii \
The remarks of Mr. Biackstone, the President, are given in
People's Tree. (Phils.) Septeiuu'r. 194.103 137.331 1,533,5-8 866.847
Portsmouth St Ky. ^December.
2.595 ............
86,752 ....... . I full on subsequent pag-s of this issue of the Chroniclr.
Po’ ke-epet- A tt’ app F . ■'December.
6 ,4 53
93.857
T h e sta tis iics o f tru tfle, e a r n in g s a n d in c o m e , a n d th e b a l ­
Beading m o t i o n .......:J auoory. . 12,251 10.555
12,2.51
10,555
R oau-ue street............January.
2,625
2.431
2.621
2,431 a n c e sh e e t, h a v e b e e n c o m p ile d f o r th e C h r o n i c l e a s f o l l o w s :
Rochester Ky.......
January. ! 63,9.52 62.9 09
62,993
66,9 .2
OPS RATIONS AKO r is e AL RSSL'LTS.
5,-25
HelmylkHi Fraction., January. ,j 7.3.H
5,828
7,831
1895.
1894.
1893.
1892.
fclmytKUl Val. rrae. ;December.] 4,1*20
*9,93*
3,168
39,792 Mile* operated.........
843
843
843
843
tarantsa T taottoa ...'J a n u a ry .,,; 25.485 19,508
19,505
25,46.5
Omrattone—
Besom) Aye. tPtttab.i December 37.556
'
PArjM-ngon carried. 2,169.169
1,979,933
2,181,747
2,229,572
item* (;lty Traotion
Jannarr...
6.(91 ’ 6,608
**M»i ■'8,606 Passenger iL!l*-,*gc.. 110, t IT. 175 98,61**,2»8 157,984,435 132,030,917
Btetowa Ky. ............{January...
20,43s 15,464
20,426
15,464 Rutep.
p. tulle 1-932 o ta
2 0 7 3 op t
l-8 3 6 o ts.
1-780 Ota,
Strealor Kailway, . ;November,'
1,162
1,429
Freight *t.»i.H »(.V d 1,841,279
2,774.22*
3.128,533
3,516,151
Syracuse Consol.
December
13,617 17,135
Freight (tens) m il'- 494,91 4,270 423,166,852 483.203.500 555.230,873
SyracuseJE'svsideRy Decem ber.
2,98*
. rate p. tut; p. to
0*807 ots.
0*917 i ts.
0-884 o » .
0**898 ol».
U i M M s s t KK........ December. 22,807 12,017 243.6-9
152.851 j i tMorning
•
T e n * Haute Bi'e. By J u an a rr... 14,819
-------12 ,-19
7,909
7 ,*0 » I PasAvtigurs...............
2,134.155
2,043.912
2,900,820
2,351.242
Third A re. IN. X.)
January. . 19-.752 185,58 0( IB-,752
185,590 j Freight
4,289,909
3,881,544
4,983,590
4,2 *3,117
Toronto B y...................Deeemlier «8,189| 78,3*3 .I *03,802 9-57, ,7 « 1 Mslt,"express,
879.4 : l
Ad. ..
392,702
300,7s0
395,772
Twin City Ban, Tran, January...!153,SUJ 152.031
151.913 152,031 !
Union (N. B edford)... Jauuary.
*
■
*
---------.4,585
14.585 12,20,
12,207
Tot
gross
earn*.
0.302,185
0,292,236
7,500,839
7.730,010
Huioh Ry. (Ssgliiaw). 'D ecem ber
- 1*
127.61 ’
Expenses—
Hottedi t i t 1P tev.)'January,. . i131,879j 116,81»
131,5 79 110,849 M alnien snceof w*y.
870.714
099,305
1.1L3.3S7
1.221,374
Ottea Belt Line.......... IDeoembar
ld*.8J6 149,104 M sluteuaode o f o a t s
36t.O l5
200,449
390,970
477,733
WskeBetrt A -ton e ... J a n u a r y . 3.2281 2,333
3,21s
2,533 M ob r e p o w e r.........
1.191,017
1,137.398
1,430,304
1,360,217
W aterbary Traotion,., Deeuinber. | 32,7*». 18, Al l 24
____
_
7,730
Transportation
exp.
1,548.177
1.531,536
1,709,213
1.792,275
West End (Boston) . O c to b e r... 086,000 645.000:0,436.000 3.741.000
West shore iUoiju.).., O c to b e r...
344
3'in1 ...............................
Tot. due. taxes.) 3,982,933
3,628,080
4,053.849
4,807,799
W lU esb.A Wy. Valley January... 38.83s- 29,440
3 8 .- .1
28.448
2,819,492
2,603.548
WRmtogtoi*(Street. . Septemti'rJ 3,092
2,900;
...
............
n m earnings............
2,910,750
2,922,811
W orcester Coneol....... DraumHicr 39,054 3 1 .7 1J 441,803 367,226 ; p.,: , fo p .e x to earn.
58-55
57'00
01 53
02-19
IJtCOMB ACCOIIJST.
l Earnings lacreaied largely on account o f t>. A. it. encam pm ent in
Loots vine.
1895.
1894.
1892.
1893.
Receipt*—
S
*
*
$
Net earm ogs . . . . . . .
2,063,548
2,910,730
2,819,192
2,922.811
•Street Railway Net Earning*.—The following table give* Other reieipts..........
273,0t9
241, >25
272,806
305,336
the returns of S treet railway grow an 1 net earnings received Prem .«n b'dsA stoc*.
341,779
305,917
131
W eekorMo 1895-6. 1894-5 i 1895-6. I 1894-5.

ANNUAL

this week, la reportlnk' these net earning* for the street rail
ways, we adopt the same plan a* that for the steam ruadi —
that is. we print cash week all the returns received th it
week, but once a month (on the thtr l or the fourth Satur­
day) we bring together all the roads furnishing return*. T h e
lateot full -tv' usnt will be found in the C hronicle of
January 18, 1898, Th« next will appear in the i-uus o f Sunrday, February 29,1890.

Oistmrmments—
| Rentals paid
....
Additional property.
f interest- on d e b t ____
j Dividends.......... ...
| MlsosliuneuUi,. . . . . .

REPORTS.

3,061,017

3,281.346

3,210,217

3,501,594

422,772
18,785
579,018
1,778,410
24.506

632.937
20,218
527.104
1,729,424
1*4,*227

053,992
217,833
032,1*37
1,582,380
57,342

074,053
238,841
804,108
1,407, >00
109,986

I
T o t dlih'rsdtu'ta 2,824,109
3,084,360
3,143,4 90
3,294,548
72,7*27
207,048
190,980
'280,808
-(?«»«* B a rm n gx——, ,------Net Earnings.----- j Balance, surphis___
1894-5.
1895-6
1894-5
*
In
addition
8203,703
was
paid
tor
old
claims
to
Wiggins
Ferry
Co.
SiMkli.
*
•
$
f
Amsterdam St, Ky. Jan.
BAUNCB SIIKKT DBCEMIliSa 31.
3,304
3.257
10
428
fittl) Street By *„___J*n.
1,122
d ef.9 t
1893.
1394.
1895.
1,110
91
A»**Js—
$
*
Bla^uM ot«a Si.
9,787
1,293
8,0.52
3.168
Road and equipm ent ................,.3 4 ,1 5 3 ,9 1 7 34,153,927 32.178,927
Btockton C on.St By J»n.
19,657
17,153
6 ,0 i5 Bonds and isocka ow ned ...
0,120
4,213,1*3
3,391,036
4,247,83*
B*k)jro Cl i f U N ew tow a—
70,01.0
70.000
62.000
Lauda csr.-cd.
.. .. .................
Oei. i to
31 . . .
141,856
339,013
282.125
153,918
53,935
54,308 tiaterluD and supplies............ .......
238,48*
Sinking
fu
n
d
....................................
2
5
3
,4
7
6
144,871
Chester (Pad T r a c t. Jan.
12.4)7
11.393
5,705
0,641
31.740
Kills receivable...................
.........
Clitn. Newp. A O.iv j» n .
10.7 ■*
8,171 Due from agouts, individuals, Jta.
39,433
12,118
331.130
354.119
273,407
City Etec.(Rome, Ou.i.Jan.
1,020,275
1,448
321.120
40 ',637
225
Dash, .......................................
17,200 *
0,843
9,84 7
Denver Coo, T r»t»w..Jun.
54.510
55.090
20,319
19,801 K in . C. St. L * Oh. KK. o ut'ii . . .
Iiihi*)!# Trust A 3:iv. B'k, trustee..
1,500
1.500
1,500
io ra r-a u te Otm» it. Street
U.
8.
Trust
Do.
to
redeem
hon
is
...
358,700
By. (No. Attic.1* s ..J an .
7,762
449
Lake 8t Elev.(Cluc.)Jan.
52,035
22,142
10,490
44.679
T o til assets . . . ........................ 39,775,120 39,051,059 38,032,010

rHE CHRONICLE,

360
1895.

[V ol. LXII.

1894.

1893.
1894.
1895.
Liabilities—
$
$
$
1 6,3 01 .0 6 2 Mortgage d e b ts o n p r o p e r t y ___ .144 ,2 3 9 ,6 4 1 1 41 ,3 9 ,1 1 8
3 ,4 7 9 .5 0 0 M o rtg ag e d e b t o n eq u ip m e n t . . .
7,309,**62
7, 0 4 3 .13 8
l’ rcferrcd stock ...................... . . . . . 3,4 ,0 ,9 b 2
3.4 /0.5 00
1 ,5 0 0 ,0 0 > Debt se cu re d b y o o lla t e r a l........... 10, l* 1 #<>00 1 0 ,0 2 4 ,0 0 0
Juiict A Clilcaco slock. «U 'ir......... 1,500,0 0
1,500,' 00
3 0 0 ,0 0 0
2 ,360
D ebenture and s c i ip d e b t .............
2 7 ,3 6 0
M B fIh -Ip 1 B tltleeC o. 9 'o c k sunr.
s n n .o o o
30o,0 ( 0
SoO.OOO
I,nii, A Mo K. KK Ktnik, c u a r ___
:-29.000
329,000
S u b w a y lo a n (g u a r .).-...... ..........
1 ,9 6 0 ,0 >0
Itm.rtt tl di'1,1 (Bt-o8liTi.i-.MKXT) ... 0,073,950
9,110.850 1 0 ,4 3 9 ,8 5 0 G e eral njort. lo v « 1988-1959 .. 1,,76 0 .0 00
2,339, .no / d p r e f in co m e M lo a n , ’ 88-1 9 5 8. 9 ,2 2 3 ,0 0 0
9 ,22 4.000
Bond* canceled
......................... 2,555,003
2,518,003
5 4 1 ,5 5 0 C ollateral tru st loan. ’ 9 2 - 1 9 0 2 .... 10 ,(F 0,' 00 1 0 , 0 0 0 ,0 0 0
V o u ch o r., a c -mint* p a y a b le, 3 to ..
4 6 0 ,* 8 4
371 ,87 1
1 1 9 ,15 6 N- te s p a y a b le , secu red b y c o l l . . .
2 ,2 5 9 ,1 9 4
2 02 1,059
1 00 ,45 3
§ 1 ,3 3 2
line f i b e r com p a n ies, & o ................
1 0 6 .5 4 0 R oc iv e rs’ ce rtiflo a ie s . . . .............
3,5 '* ,9 92
3,,5 0 8 .8 82
Rentals accrued...................
55.070
9 0 ,2 .o
2,9 2 o.3 51
1 ,3 4 3 .7 9 7
U np Id vou ch ers and p a y -r o lls ..
1,,33 1 ,9 12
Income account................................ 3,150,545
3,123.340
1,500 R e ce iv e rs ’ v o u c h e r s .........................
2 2 5 ,1 0 9
3,<58
1,500
M lacellaneons...................................
328^3*1 (j
.3- 3 ,2 3 6
C o n n e ctin g rai r o a d s .....................
5 3 1 ,1 3 2
4 3 8 .9 6 L
Individ u a ls and fir m s ......................
Total liabilities........................... 39,775,120 39,658,659 38,052,616
T a xes ........ .....................................
7 l 885
7 4 ,8 0 6
—V. 61, p. 366.
3 ,6 3 4 ,3 6 2
Tnlerest m a tu re d , n o t p a id ...........
5 ,4 2 7 .3 19
1 4 4 ,7 1 4
Control Railrond Company of New Jersey.
23 4,632
R entals m atu red , n o t p a id .........
R^nt & in t a ccr u e d , but n o t d u e.
1 ,6 0 2 ,9 4 8
1 ,5 -2 .1 9 9
(R e p o r t f o r the yea r ending D ec. 31, 1805 )
8 1 5 .4 3 7
8 5 ,4 3 7
U nadju sted a c c t s . L eh ig h V . RR.
46^0 8
4
6
8
,0
0
8
do
d
o
F.H.
P
rin
ce
&
Co.
The report is merfly a four-page circular, from wliiih the
C om m on s to c k . . . . ................
41,,40 0 ,3 62 4 1 ,2 2 7 ,3 6 2
remarks of President J. R. Maxwell in full are as follows:
D e fe rre d in co m e b o n d s (n om in al
“ The gross earnings for the year aggregated $13,568.024, as
p a r $ 2 5 ,5 6 8 ,0 9 0 3 0 ) .....................
7,,6 7 0 ,4 2 7
7 .6 7 0 ,4 2 7
8 ,7 8 1 ,5 2 1
against $12,659,941 for the year 1894, an increase of $968,082, B a l a n c e ................................................ 8 ,6 9 6 ,7 6 7

Common stock............................18,751,100 18,751,637

w hich, together with a decrease of $143,252 in the cost of
operating as compared with the preceding year, has resulted
in an increase in the net earnings of $1,051,834 over the year
1894. The operating expenses, as heretofore, cover all ex­
penditures for repairs, charges for reduction in value of
equipment and other property, and include expenditures for
renewals of bridges, buildings and wharves, substitution of
heavier rails, and other construction. There was expended
during the year for construction chargeable to capital
account, $272’594. of which $194,908 represents ihe outlay for
changing of grade, lowering streets and elevating tracks
through Elizabeth, now practically completed, the total cost
of which up to December 31st aggregated $502,888. The net
result of the businpsi of the year, including income from
investments, after providing for the payment of five per cent
in dividends on the capital stock, was a credit to profit and
loss account of $708 438, as against a debit to the same
account in 1894 of $642 703, a gain of $1,346,140.”
Results for three years and general balance sheetjhave been:
SUMMARY OF EARNINGS AND EXPENSES.

(Including New Y ork & Long Branch Division.)
1895.
1894.
1893.
Receipts *
$
$
Gross earnings................................ 13,569,024 12,650,941 14,067,956
Operating expenses and ta x e s ... 8,295,055
8,438,305 9,117,0 2
N etearninga............................... 5,272,969
Incom e from in v estm en ts..............i i o n i v r f t
Premium on bonds sold, & c.......... \ 1,201,57b
T otal n et in c o m e ............

Payments—

6 ,4 7 4 ,5 4 5

lu te : est oti bond ed and otb . d e b t . 2 ,9 5 5 .1 6 6
R e n t a ls ..................................... 1 ,6 9 1,09 1
D iv id e n d s....................(5 )1 ,1 2 4 ,8 5 0 (7 )1 ,5 7 4 ,7 9 0

4,221,636
i ia t no?
1,111,397

5,850,901
1868,617

5 ,3 6 3 ,0 3 3

6 ,8 7 4 ,4 3 9

2 ,8 7 3 ,5 8 9
1 ,5 5 7,35 6

2 ,8 3 9 ,2 7 9
1,9 9 6,37 0
(7 )1 ,57 4 ,1 4 3

T o t a l....................................................... ................. 8 2 ,0 9 9 ,0 9 7

8 0,3 69 ,0 4 4

C a p ita l s t o c k ................................................................ 2 2,4 9 7 ,0 7 0
F un ded d eb t (see iNv-rsTORS’ S u p p l e m e n t ) .. 5 0,0 00 ,0 0 0
R eal es ate b onds and m o it g a g e s .................... . .
307 ,10 0
T em p ora ry l o a n s ........................................ . ............
C urren t cash liab ilities fo r w ages, su p p lies , 6 c. 1 ,1 67,256
In terest and ren tals d u e .......................................... 1,109,218
A ccru ed ch arges, dec , in clu d in g t a x e s ............
1 ,6 41,395
C ontin gen t fu n d ..........................................................
46 V 29
P ro fit and lo s s ........................... .................................. 4 ,9 1 5.49 9

2 2 .4 9 7 .0 0 0
4 8.3 56 .0 0 0
30 ,100
8 00,000
1,0 0 5,82 4
1 ,0 3 3,35 1
1,67-', 416
485,-/91
4 ,2 8 2,06 2

T o t a l.........................................................................8 2,0 9 9 ,0 9 7
—V . 64, p. 324.

8 0,3 69 ,0 4 4

Philadelphia & Reading RR.
( F o r the y ea r ending N ov. 80,1895J
This company’s advance report was published in the C h r o n ­
icle some weeks ago.
The full report is now at band and
from it the following balance sheet as of Nov. 30, 1895, is ob­
tained.
BALANCE SnEET PHILADELPHIA

&

Assets—

49

f

$

RnilroHd. w h arves & term in a ls ..
E q u ip m e n t..........................................
R eal e s t a t e ..................
I a vest in Pliil.A R ea d .C . & I Co.
R ailroa d ai d canal leases under
reorga n ization p la n .................
P hiladelphia s u b w a y .......................
S tock s aud b onds o w n e d ...............
B on d s aDd stock s o f leased lines
d e p o sited w ith Per u. Co. fo r
In su ra n ce, &o., tr u s t e e .............
B on d s fo r use as c o lla te r a l...........
C ash.......................... ............................
R ills re ceiv a b le ...............................
F reig h t at d loll b ills ......................
R llroa d co m p a n ie s ................

tndi\ iduaIs and firms ..................
L eased and con trolled com p a n ies.
M a t e r ia ls ............................................

Deficit to November 3 0 .................
T o t a l..........

READING RAILROAD CO. NOV. 30.
1895.
1894.
1393.

$

*

$

2 ,1 7 0 ,0 0 0
9 /2 2 3 ,0 0 0
1 0 , 0 0 0 /1 0 0

5 , 18 7 ,9 4 8
1 ,4 5 6 ,2 0 3
2 ,4 1 0 ,4 1 4
5 r 7 ,8 0 8
5 49 ,14 1
1 0 8 ,46 0
1 ,8 3 2 ,4 6 3

239,773

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

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

PHILADELPHIA

READING COAL <fc IRON CO.. GENERAL BALANCE 8IIEET
NOVEMBER 3 0, 1895.

&

Or.

D r.

C ap ita l a c c o u n t s ..........$ 8 2 ,7 6 0 ,3 1 1
Cash on h a n d ........... .
5 0 ,771
B ills T eeeivable.............
2 74,198

Coal and rent acet’s ...
S undry aeo’ts...............

3,410,173
195,911

Coal on h a n d ____ _____
Iro n ore on h a n d .........
S tock s <fc b on d s o w n ’ d.
S u p p lies & m a te ria ls..
P rofit an d loss a c c ’ t . . .

1,7 5 7,95 3
1,563
5 * 5 ,9 3 4
4 6 7 ,5 7 2
5 ,8 7 0 ,7 9 6

T o ta l............. ............. .$ 9 5 ,7 8 1 ,1 8 4

C apital a cco u n ts ....... * $ 8 4 ,7 7 0 ,9 0 8
Coal tru st g o ld lo a n ..
4 ,6 0 0 ,0 0 0
B ills p a y a b le .................
1 ,8 7 5 .0 0 0
R e c e iv e r s ’ v o u ch e r s
2 ( 1,231
R e ce iv e rs ’ ce r tifica te s
1 9 7 ,5 2 5
8 7 ,4 0 4
C u rren t b usi e s s ........
Wear,, f r ’ gh t, t 11s, e tc.
294 9 9 4
R o y a ltie s .............
1 2 3 ,7 4 3
Due fo r c o a l ..........
.
181,861
W age a a n d m a te ria ls..
7 4 6 ,6 4 5
Int. d u e a n d u n c o i l . ..
3 2 ,5 8 7
P .& R .R R .C o. cu r. a c ’ r. 2 ,6 6 9 ,2 6 4
T o ta l

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

*Tliis in clu d es th e fo llo w in g : D iv . c o a l la n d M. b o n d s. 1 8 7 2 -1 8 9 7 ,
$ - .7 2 1 ,0 0 0 ; 1 8 7 2 -1 90 2 , $ 1 5 0 ,0 0 0 ; 1873 1898, $ 2 6 4 ,0 0 0 ; 1 8 7 4 -1 8 8 4 ,
$ 2 0 4 ,0 0 0 ; 1 87 4-1899, 1 ,2 4 0 ,0 0 0 ; 1 8 8 2 -1 9 0 2 , $l7-_\0 0 ; 1 8 * 3 -1 8 * 8 ,
$ 1 0,0 o ; 1 *83- 898 . $ 1 6 0 ,0 0 0 ; 1 8 8 4 -1 9 0 4 , $ 3 5 7 ,0 0 0 ; 1 89 2 -1 8 9 7 ,
$ 2 0 ,0 0 0 ; l 8 9 2 -1 9 0 2 , $ 2 9 6 ,0 0 0 ; 1 89 3 -1 9 0 3 , $ 2 4 5 0 0 ; total, $ 1 1 ,7 1 8 ,5 0 0 ; b o n d s a n d m o rtg a g e s on re 1 e sta te, $ 433,1 O n; m o rtg a g e s t o
P. & R. R, Co., J u ly 1st, 1 87 4 , an d D eo. 2 * tll. 1876, $ 3 9 ,7 3 7 ,9 6 5 ; loa n
aocount. P. & R R. C o., 1 8 * 8 , $ 2 4 ,8 7 9 ,3 3 6 ; d e b e n tu re bOLds, 1 87 2 1892, 2,000 ; ca p ita l s to c k , $ 8 ,0 0 0 ,0 0 0 .
P. <fc R. COAL & IRON CO. GROSS RECEIPTS AND EXPENSES, TONNAGE, ETC,

Receipts—

6 ,3 0 9.79 2
T o ta l p a y m e n t s ............... .......... 5 ,7 7 1 ,1 0 7
6 ,0 0 5 ,7 3 5
B a la n c e ............................ ...................
7 0 3 ,4 3 8 d e f.6 4 2 ,7 0 2 sur.564,647
BALANCE SHEET DECEMBER 31.
1894.
1895.
A ssels—
$
$
R R . and a p p u rten a n ces, in cl. p u rch a sed lin e s . 3 2 ,7 0 2 ,4 4 0 31,9 41 ,1 4 3
O ther p ro p e rly and real e s t a t e ........................... 3 ,7 2 0 ,i t s
3.71 -,8 4 8
C ost o f e q u ip m en t, less ch a rg e d o ff.................... 1 4 ,0 9 3 ,9 5 0 14,1 65 ,3 8 5
S tocks o f oth er com p a n ies o w n e d ....... .............. . 7 ,7 3 2 ,5 1 3
9 ,7 3 1 ,5 1 3
B ond s o f o th e r com p a n ies o w n e d ........................ 1 5 ,3 0 2 ,8 0 9 14,8 32 ,3 0 9
8 8 6 ,5 1 4
C ash on b a n d ....................................................
9 1 3 ,8 3 6
D u e from agents, com p a n ies, & o.......................... 3,265,< 89
1,9 8 5,09 4
B ills re ce iv a b le, & o ...................... .............................. 4 ,5 4 5,40 5
4 , ’ 4 -,7 1 7
3 64,521
M aterials and su p p lies..............................................
3 22 ,8 4 7

Liabilities—

T o ta l.

18P3.
1 4 5 ,0 7 5 ,6 1 9
8 3 2 5 ,9 3 8
1 0 ,0 1 3 / 00
2 7 ,3 6 0

C oal sales, a n th ra cite ...................... *
C oal sales, b itu m in o u s .....................
C oal re n ts ............................................
H ou se, la n d and fu r n a ce r e n t s ...
In terest and d iv id e n d s ..................
O th er r e c e ip t s .....................................

1 89 5 .
$ 2 3 ,3 0 0 ,* 8 8
3 5 9 ,6 1 7
1 5 3 ,1 0 4
1 1 6 ,3 9 9
7 4 ,6 9 5
7 6 ,0 9 5

1 894.
$ 2 1 ,4 6 7 ,5 5 8
3 1 2 ,1 0 5
1 2 1 ,47 7
1 2 0 ,52 9
8 4 ,9 2 7
1 3 0 ,2 6 8

T o t a l................................................
T o ta l e x p e n se s ...................................

$ 2 4 ,0 8 0 ,7 9 8
2 4 ,7 8 0 ,6 0 8

$ 2 2 ,2 3 6 ,8 6 3
2 1 .9 6 8 .3 1 1

P rofit o r lo ss in o p e ra tin g ............... L o ss $ 69 9 ,8 ^ 9
In te re s t a cco u n t.................................
1 ,1 7 6,18 2

P ro fit $ 2 6 8 ,5 5 3
1 ,2 9 4 ,1 5 4

D e fic it ............................................

$ 1 ,8 7 5 ,9 9 1

$ 1 ,0 2 5 ,6 0 1

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

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

Tonnaae—
M in e d ../.................................................
P u rch a se d ............................................
S old ...........................................................
On ha n d N o v e m b e r 3 0 .....................

Working time—
1 89 0 .
1 891.
1 89 2 . 1 8 9 3 .
1 8 9 4 . 1 89 5 .
D a y s ............................... 202 -8
213*3
200 -4
196 1
1 30 -4
1 8 9 -4
A v e r, d a ily p r o d u c ­
tion iu tons. ............ 3 3 ,4 1 0
3 5 ,4 6 2 3 5 ,7 4 4 3 7 ,1 2 3
4 1 ,1 0 3 4 1 ,4 9 9
A v e r, d a y s f o r s ix y e a rs, 197 *1 ; a ve r, d a ily p r o d u c tio n , 3 7 ,3 9 6 to n s,
— V . 62, p . 321.
L a k e E r ie & W e ste rn

R a ilr o a d .

(E x p o r t fo r the y ea r en d in g D ecem ber 31, 1895. J
I q a d v a n c e o f th e p a m p h le t r e p o r t th e f o l l o w i n g s ta t e m e n t
is is s u e d f o r 1895.
1895.
$
G ross e a r n in g s .................... 3 ,5 1 9 ,1 0 4
O p e ia tin g e x p e n s e s ........... 1 ,9 1 6,11 5

1894.
$
3 ,3 4 5 ,4 0 1
1 ,8 6 5 ,8 5 2

1 89 3 .
$
3,5 L2,621
2 ,0 4 8 ,7 4 4

N e te a rn iD g s ...................1 ,6 0 2 ,9 8 9
R atio o f e x p . 1 0 trross earn. (54-45)
In terest on b o n d s .............. 4 6 7 .5 0 0
T i.xps ...................................... 1 9 2 ,4 4 0
R ental o f tra ck s ...................
4 1 ,8 4 6
Div., 5 p. c. o n p re f. s t o c k . 5 9 2 ,0 0 0

1 ,4 7 9 ,5 5 2 1 ,4 6 3 ,8 7 7
(55-77)
(5 8*3 /)
4 5 5 ,3 3 3
4 1 4 ,9 7 2
1 8 5 .7 9 7 ? 9 n = 4Qo
4 1 .8 5 2 5
5 92 ,^ 0 0
5 9 2 ,0 0 0

3 ,6 2 0 ,3 5 9
(54-46)
4 3 4 ,6 6 7
2 0 0 ,0 3 3

T o t a lc h a -g e s and d iv . 1 ,2 9 3 ,7 8 6
Balanoft su rp lu s ................... 3 0 9 ,2 0 4
B e tt e r m e n t s .........................
(?)
— V. 62, p. 186.

1 ,2 7 4 ,9 4 2
2 0 4 ,5 7 0
1 4 3 ,5 9 3

1,2*26,700
3 9 3 .6 5 9
1 1 9 ,2 1 9

8 0,806,386
2 l,5 3 0 ,0 b 0
7,2 0 1,13 3
7 0,3 72 ,3 1 1

8 0,6 6 4 ,3 8 6
2 1,7 6 ,622
7 ,2 0 7,74 9
70,3 72 ,3 1 1

9,3 4 1,69 1
3 0 0 ,00 0
27,9 99 ,5 3 6

9 ,3 4 1 ,6 9 1

9 ,3 4 1 ,6 9 1

Binghamton Railroad Company.

2 7 ,6 9 9 /7 4 9

26,9 i 2 ,9 9 4

(R ep o rt fo r the year ending Jan. 31, 1896J

2 ,4 6 6,77 6
2 1 ,0 8 3 ,0 0 0
7 8 3 .8 *5
156.478
1,0 8 8,64 7
629,291
660,699
5 9 4 ,58 5
6,194,^87
5 ,9 5 6 .5 3 2
973,633
9 2 8 ,82 3
4,424,960
4 ,7 6 2,04 6

2 ,4 "6 ,7 7 6
2 1 ,9 9 3 ,0 0 0
8 56 ,76 9
166,999
1 ,0 9 2 , 4 6
1,01-3,45 9
677,285
7,9 8 0,20 5
8 6 6 .99 5
3,854,641

2,4 6 6,77 7
2 0 ,9 8 3 / 00
J ,477,621
j . 4 9 *23
1,0 8 2,96 7
746.193

8 0 ,6 6 1,386
22.477,1 26
7 ,1 7 5 ,0 1 5
7 0,3 72 ,3 1 1

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

This company.
lows :

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

1 89 2 .

$

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

5 9 2 ,0 0 0

of Binghamton, N. Y , reports as fol-

1896.
1895.
$1 i 1,969
G ross rece p*s............................$ 12 ^ ,9 7 2
O p e r a tR g e x p e n s e s ................
73,34 5
6 9 ,5 8 1

1 8°4 .
$ 9 9 ,3 5 *
57,011

1893.
$ 6 7 ,^ 7 3
, 39,9 55

Net e a r n in g s ____...............
P. c o p . e x p e n s, to r e c e ip ts .
Interest ou b o n d s — ...............
T a x e s .......................... ...............

$ 5 ',6 2 7
(5 b 78%)
3 2 ,1 6 6
3 ,2 9 3

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

$ 4 2 ,"4 7
(5 7 -' %)
2 2 ,7 6 5
1 ,5 5 9

$ 2 8 ,0 1 8
(59% )

S urplus f o r y e a r ................
- V . 61, p. 15.

$ 2 0 ,1 6 9

$ 2 2 ,2 3 6

$ 1 8 ,0 2 3

$ 1 3 ,7 3 1

<57 %>

12.000
2,2 37

Northern Central Railway.
( Report fo r the year ending Dee. 81, 1895.)
On subsequent pages will be found the report of Presides
Roberts in full. Below we compare the results for 1895 with
those of several years previous:
OPSRATIOKS ASP FISCAL RESULTS.

185*5.
1894.
1893.
1892.
R oad op era ted ........
377
377
377
377
Operations—
P a-s. carried, N o .... 4,112.526
4.129.905 4.631,969
5.062,414
Pass, carried 1 inlle. 5 l,9 5 l.2 s 5 51.692,311 61.629,942 64,748,288
Rat»i> pass
tune. 2*t82ets.
2 181 cm.
2 1 1 4 ct«.
2-031 ot*.
Fre’ t (tonalcarried. 13.605.493 12,008.949 13 .296 ,212 18.191,760
Fre’t (loos)ou e m ile.375,881.749 746,323.510 357 1«4.1S4 82?.«*>*«,U2
0*605 eta.
0*592 o a.
0 602 eta.
Rate p. tou p. m ile.. 0*561 c-s.
S
*
S
Earn,-not—
$
1,127,036
1,302.879
1,317,187
P ass-B gers.............. 1,133,454
3.1
-3
,637
4,489.463
6,50i'.799
F reigh t...................... 4,910.5851
414,141
390,200
373,001
Mall, exp. .1 miseell
461.989
6,031,260

6,881,806

7,1 91,2 :0

2,837,097? 3,524,463
9* 6,185 £
873,317
622,677
86,976
121,920

3,988,594
686.954
87,709

4,256,587
770,560
85,214

4,598,519
1,907,509
INCOME
1895.
$
1,907.509
457,391

4.234,116
1,797,111
ACCOUNT.
1894.
$
1,707.144
386,335

4,763,116
2,118,650

5,112,3 €0
2 ,0 7 -. 9 JO

1893.
$
2, l l * , 650
496.979

1892.
$
2,018,930
333,8-6

Total In com e...
DisbursemeatsR em . t's'd Unes.Ac.’
Interest on d eb it. ..
Dividends.................
Rate o f d ivid en d ...
Miscellaneous — ,»

2,364,900

2,183,479

2,615,629

2,412,8 DS

455,996
8 V /A 88
526,267
ill
378,191

485.756
850.921
526.267
(7!
210,840

500.253
834,501
601.446
(9)
9 *,174

412,140
869.698
6 »1 4 14
(9)
129,441

T ot. dlsbursetn’ fs.
Balance,rurplns . . .

2,213,0*2
151,859

2,073,784
109,695

2.055,434
560,195

2.0 42.6 IS
370,193

Gross e a r n in g s ......
E xp en ses—

Transportation........
Malm, at equip........
M alm , o f w ay ..........
G eneral.....................
Total o p e r .e r p ..
Net earnings.........

B te e ip lt—

N etra n tio g s.........
Other r e ce ip ts ,...

6,506,028

* tm iuCfs rent o f roads and Interest on their equipm ent.
I Includes car irust*.
lULAKCe S!I»*T BKCBM8ER 3t.
1893.
1894.
$
JlIKSU—
*
Cost o f road, equipment. A c..........20.03*2,120 20,822,923
2,854,701
Bond* and stocks ow ned ----------- 2,772.011
317,110
Mai ct teds and su pp lies.
............
34 *,834
803,976
Ban from agents, co n ’ s roads, Ac,
083,656
1,507,652
Cash...............
716,709
306,821
Uapn< u ifo n fu n d ...............
334,846
9.752
M iscellaneous...................................
0.732

1803.
20,477,923
3,589,22s
*05.222
1,11s.3 >8
396,04 8
277,814
9,732

Total a s s e ts ....... ........................35,403,287 26,422,844 26,272,395
LinOddU*—
7,418.1*11
7.318.130
Cat i'SI .rock ..............
7.519,150
Bonds t«e « d c p r u u n c v r i . . . „ , . „ t t.OtS.ooo 14.104,000 14.130,000
319,830
31*1.82 9
Mor tgage* and grout ud rent s .... „
3 19,830
385,497
3 8 J,« * t
Intercst and rentals accrued . . . . .
3*2.530
4 24,*147
Touchers and (>*> r u l t s . . . . . . . . . .
527,673
42 V i«3
3
Divider, <1»........
300,724
300,724
3*6.189
308.669
Depreciation fund.............................
344,574
1.147,3 >3
1/23 i ,68£
Other lia b ilit ie s ...... . . . . . ---- . . . .
342,512
1,628.277
Front and lo s s ...................
1,744,395
!,734.753
Total liabilities..........................25,403,

26.422,9*1

2 6 ,272.39s

—V. eo, p. 350, 626,

Edison Electric tnominating Company of New York.
f Report for the year ending Dee, SI, 1895.)
On another page the remarks of the President, Mr. Spencer
Trask, from the report for the year will be found tn full, to­
gether with the income account’aud balance sheet in detail.
At the annual meeting on the 11th insf. the board o f direc­
tor* was elected as folio**: A. A. H, Bniroevaio, It. R. 1! .wker,
C. II Coster, Charh-s E. Crowell, R. Fullon Cutting, Thomas
A. Edison, W , E O yn, Arthur Curtis- James, D. O Mills,
Geo. Foster Peabody," Won. A. Read, F. 8. S cithers, Spencer
Trask, The only cottage in the board was th>* substitution of
the name of Mr. R. Fulton Cutting for Mr. Geo. F. Gregory,
deceased.
Balance Sheet.—The income account for the late fiscal year
will be found in detail on a subsequent page, A compara­
tive statement of the balance sheets on Dec. 31 of each of the
last three jeara baa been compiled for the Chronicle as follows:
COSDEJtSEO BALASCK *ftSET DICEftMM 31.
Dr.

861

THE CHRONICLE.

February 22 1896.]

1805.
f

License under Edboii patents...... 3,150,000
Real <*«t , <oi>»trm;l! -0, invest.,Ac, 9,912,650
Ed. bight A P, fast. C o .................... 1,216.400
Ctutoru-r*’ ace’t* and bill* ruche.. 130,381
Sundry accountsand supplies___ 106.412

1894.
3,020.000
9,317.46*

1893.
*
3,020,0 0
9,520,383

W ilkesbarre & Wyoming T alley Traction.
(Report for the year ending December SI, 1895.)
In connection with the statement of earnings for the late
fiscal year and the balance sheet of December 31, 1895, which
are given below, the Chronicle has been favored with the
following interesting report regarding the history and forma­
tion of the company:
Companies Owned and Leased —There were originally four
companies in Wtlkesoarre, These companies controlled ths
franchises covering entrance to and occupancy of the public
square, and also the exclusive right of way on the briigas
connecting with the large population on the west side o f the
river. The Traction Company secured control of these roads
and leased them for 999 years at rental o f 6 per cent on capi­
tal stock, and the Traction Company now owns as follows.
Stock
Ofwhtch
Original companies—
issued, purchased.
Wilkesbarr* A Kingston Pass.Ry. (horse).$l> 0,000 $99,700

Debt.
None

Coalville Passenger Rat wav (horse)....... 62,400 34,700 $12,001)
Wtlkegbar •>A Suburban 8t. Ry. (eteotrlc) lO'i.nOO 91,500 40,030
Wtlkesoarre A West Side St. Rj*. (electric). 100,000 92,450 35,000
The Piitston Street Car Co. was afterwards pu-chased, and
entire capital stock ($300,000) is owned by the Traction Co.
The following companies, on each of whose stock the
amount required by the laws of Pennsylvania was piid in.
were also secured, the Traction Company owning the entire
capital stock and furnishing the funds to build and equip
such mileage as was built "under their franchises, and the
same are now part of the general system, they being leased
to the Tra.-tton Co. at a rental of $1 per year for 939 years:
Since acquired, leased for 989 years al $1 per annum—

Nantiaake Street R a ilw a y ..................................... original c a p ita l..$6,003
Plvtumitb Street Railway.......................................
..1 2,00 0
West Pt t.ston A W yoming Street R ailw av .......
“
•< ..3 0 ,m 0
Pittston U oosie & Pleasant Valley Street R y ...
“
“
..4 2 ,COO

Present Mileage.—The mileage is as follows :
Miles.
VTdketharre <t Kingston—On Main Street and Pnhlio square iu
the city o f Wlikesbarre and through Boroughs ot D oviancotoa
and Kingston to O. L. A W. depot....... .................................. 6*80
Wilkesbarre <C Suburban—On pnhlio square Main. Canal and
other -1 reels iu the oity and to Borough ot Parsons and through
Plain* to w n s h ip ................................................................................ .10 00
Ceminitt Pussatgm— On Washington, B szle and other streots in
W tlkc-bsrre to Boroughs ot Aalto*;* and Sugar V o te h ................. 5*67
(Ft kesbarre A West side—From W ukesb»rre City through K ings­
ton to W yoming and I,uxorm) ou North and EdwardavUlu on

South ..................................................................................... 9-63

Went ptttstan <t Wyoming— From connection with West Side road,
W yoming, through B x eterau d West t'Utstou B irom !) * ....
. 2 25
V ymonth Street Kail way— From end o f Went 8t<l« tracks In Kdwardsvitle to and through Plymouth Borough and aero,-* Ply­
mouth B udge to oonu rollon with Nanttooke Street Railway
tracks
....... ...............................................................................
. 6*00

Xanticvkt Street ft nhe'ty—FrOui Nantieoke to and through south­
erly p art ot wilkesbarre to eimoietlon with WUkesbirre A
King-ton trai-ks ............................ ...................... .......... 9-88
Pdistnn stmt (’or Co.—From roil of Suburban Wanks to Flatus
Township through Jenkins T.,wneh1p and Ptuaion Uity to
Mare,- T ow n sh ip ............................... ...................... ..................... 8 ’82
1'1‘Uhtn Mmeie .( Pleasant Valley—From end o f Plttstou Street
car tracks to D uryea....... .............. ................... . . . . . ..................... 1-95

Xeic Line —There is now in construction through the east­
erly part of Wilkesbarre city the Wilkesbarre & East Side
Railway mileage now in operation 2 miles and in proof*— of
construction 3 miles additional, including a steel viiduct 1,500
feet long. The capital stock of the East Side C *mpany i*
$1811000, and bonded debt $150,000, ail of which ii owned by
the Traction Company and held by the Anthracite Bank, with
other securities, as collateral on the collateral tiust mortgage
bond* of #823.000.
R-construction, Etc,—Al! of the original roads were rebuilt
from beginning to end and equipped with rolling stock, so
that at present of all the track and property of the original
roads not more than 2 miles of track remains. All extensions
under their charters from time to time was don» by the Tractiou Company, and oil coat of reconstruction, additional rights
of way, two power houses containing 3,350 £1. P, equipment,
four brick barns, repair shops, including the land ; as well as
the equipment of rolling stock which now consists o f 136 cars
(77 closed and 59 open), over one half of which are “ double
truck " cars and 78 motor equipments, were provided by the
Traction Company.
Earnings and Balance Sheet.—The earnings have been :
Receipts—

1995.
. . . 20»,6uO

D educt—
l M erest on bonds . . . . . .
fa x es, rentals, e t c ..........

...

1894.
$160,113
196,821

1893.
$3 t2.197
149,240

$203,319

$161,950

$93J2t9
29,348

.... ..

3 *,089

...$ 1 3 4 ,2 1 4

$122,007
$80,712

The balance sheet of January 1, 1883, is given below. Since
January 1, 1893, the funded debt has been increased by the
Cash on hand............... . . . . . . . . . . . .
585,989
j issue of $153,000 collateral trust mortgage ootid-: accounts
T otal..........................
15,110,3*2 12,812,564 11,956,563 payable have decreased from $524,117 to $182,534.

Or.
Capital atock..................................... 7,933,000
Dividend* ..........................................
H 9,n55
First mortgage bonds ................... 4.312,000
First consol. mortgage bond*. . . . 2,118,000
Blits ati*l M w u u t- payable___ . . . .
80,284
Reserve f u i .t l ...............................
290,521
Sundry accounts ...............
109,089
Accruer! Interest ...............
71,867
Profit and toss........ ..........................
72.017
T otal............
-V . 62, (>,184.

16 5633
116.598
1177,970

156,896
70,133
189,751

7.93^,000
119,050
4,312,000

T.SSb.OOO
119,046
3,5ts2,0u0

08,300
208,i-58
40,1 U
71,887
54,669

137,329
6u,fc69
9,3 *»
69,307
42,793

12,912,584

11,956,563

IliLANCE BltgKT JANUABT 1, 1896.
Liabilities.
Capital stock .............. $5,010,000
First m ortgsge b on ds.. 1,300,003
Coliat *ral Irust m ort­
age b o n d - ...................
151,000
ripen a ccoun ts...............
182,534
Ft oil t and loss, surplus.
296,822

A s se ts.

PropeTtyAtraneh’ e.oon»true Ion andeqttipt $6,923,039
P-ntonai proper! j* uci’ t.
243,385
C&«li...........................
14,863
Buis re ce iv a b le ............ .
4,000
Sinktog fund Pitts ton
street Car C o _______
0,000
8,604
8u pile* on hand..........
00,769
Open a c o o ii'jts ..............
Total.

...$ 7,18 2,15 6

T o ta l. .

.$ 7 ,1 3 2 , U

6

THE CHRONICLE.

362

Lehigh Coal & Navlngton Company.
( Report for the year ending Dec. 31, 1895.)
President C. Pardee in his annual report says :
General Result» —The revenue from all sources for the year
1895 was $1,093,878 ; out of this amount there was paid for
general expenses, rentals, taxes and interest, $1,258,948, leaving a surplus of $438,930. Two dividends, each of 2 per cent,
were paid, amounting to $573,866, leaving a difference of
$184,936, which was charged to profit and loss, as was also
the usual sinking fund charge of 10 cents per ton on 9o9,936
tons of coal mined, amounting to $95,993 60.
There was an increase in the earnings of the Lehigh <x Sus­
quehanna Railroad of $400,504 51 for the year 1895 over the
year 1894, making an increase in the rental earned of
$133,501.
„„„
.
The loss on coal mined by the company was $11,71)3, ana
was mainly due to the low prices obtainable for it during the
year. The production of the company’s property was 1,521,695-14 tons, an increase of o n ly 17,695 tons over that of 1894,
owing to a dull market, to the scarcity of cars during the
first nine months and to a shortage of water for use at the
mines and screen houses during the last three months of the
yeCollateral Trust Loan.—To fund the floating debt and
provide means for necessary improvements, the Board
of Managers on June 3, 1895, authorized the issue of
$1,500,000 c f 10-year collateral trust gold bonds, interest 4 ^
percent, payable in gold, March 1 and September 1, secured by
the deposit of securities with the Fidelity Insurance Trust &
Safe Deposit Company, trustees. [These bonds and their col­
lateral were fully describ-d iu the Oh RONICLEof July 27,1895,
page 154.—Ed .]
There were sold $1,000,000 of these bonds in July and
August last io Brown Brothers & Co. and others on favorable
terms, and the balance of $500,000 is held in reserve for the
future requirements of the company.
Earnings.—Receipts and disbursements for four years have
been as follow s:

[V ol . l x i i

GENERAL BALANCE SHEET DECEHBER 31.

1894.
*
23,629,023
4 15,704
4,465,396
19 >,6O0
612,29 4
220,193
1,186,562

T otal....... ............................ 30,878,867
Liabi'ilies—
Capital s to ck .................. ...... "'30,000,000
761,100
Surplus Decem ber 3 1 ............
12,603
M ortgages..... ........................
105,164
A ccounts payable............ ......

30,810,078

31,200,472

30,009,000
672.172
12,603
125,302

30,090.000
950,355
37,603
212,513

T ota l................................... 30,878,867
Assets increased in 1895 . . .

30,810,078

31,200,472

5461,209
Assets decreased in 1895 __
Surplus increased during 1895.................. .
•Com m on,$ 1 5,0)0,00 3; preferred, $15,000,000.
V. 61, p. 1107.

(juincy Mining Compiny.
fR eport fo r the year ending December 31, 1895.)
President Thomas F. Mason says iu the report;
“ A dividend of $4 00 per shire, or $200,000, piyable Febru­
ary i7, has been declared, which with the dividend of $4 00
per share paid August 11th last makes a total pail from past
year’s earnings of $400,000. The question of declaring an
extra dividend, payable with the regular semi-annual divi­
dend in February, was under consideration, but in view of
the uncertainty of financial matters and consequent depressed
condition of the copper market, it was decided as most
judicious to postpone time for payment to May next.
“ All the notes given on account of purchase of mineral
land in 1893 have been discounted, and the amount of cash
payment of $150,000 which was made, and deducted from the
company’s earnings of that year, will be returned when next
instalment on the scrip is paid, and become available for dis­
tribution to the stockholders this year, iu addition to the
earnings of the mine for 1896,”
Earnings, Etc.— The company has outstanding cipital
stock of $1,250,000 in $25 shares. It has no bonds outstand­
ing, and its small current liabilities are sho vn bflow. Its
earnings have been as follows ;

1895.
1894.
$
$
Receipts—
From railroads............
Canals.......................... ..lo ss 2,976 loss 16,927
273,099
Lehigh coal lan ds....... ...lo s s 11,763
97,543
97,045
Miscellaneous...... ........

1893.
$
1,814.8*7
16,937
489,847
79,946

1892.
$
1,745,474
31,344
343,077
104,817

Total receipts........ ....1 ,6 9 2 ,8 7 8
Disbursements—
Interest account......... . . . . 862,981
Rentals, taxes, &e....... . . . . 390,966

1,838,732

2,401,667

2,224,711

826.197
376,627

833,600
397,031

852,463
377,604

Total disbursements.. 1,253,947
Balance o f earnings..
Dividends.................... . . . . 573,866
Rate of dividend........ . . . . (4 p. 0.)

1,202,824 1,230,631
635.908 1,171,036
860,799
615,599
(4i« p. o )
(6 p. o.)

1,230,067
994,644
789,065
( 5)3 p. C.)

1895.
Mineral p r o d u c e d ...................... lbs.19,732,970
Relined copper....... ................. lbs.16,304,721

B alance......................... ..d e f. 134,935
y . 61, p. 154.

def. 9,691 sr.310,237 sr. 205,579

Gross incom e from ab ove............... 1,661,446
Operating expenses, e tc ..................
969,372

$

National Lead Company.
( Report fo r the fiscal year ending Dec. 31, 1895.)
Vice-President L. A. Cole alludes to the death on February
3, 1896, of President William P. Thompson, and also says:
General Results.—The year 1895 was one of slow awaken­
ing from the two years of depression which preceded it. The
enforced economies of the two former years had, however,
left the country bare of lead products, and this condition,
coupled with inviting prices and strenuous efforts to sell,
resulted in the distribution of a greater aggregate tonnage of
our goods than in any year since the organization of the
company, but at the lowest margin of profit per ton. Under
all the circumstances it is gratifying to be able to report an
increase in the net earnings of $39,003 over the previous year.
The net earnings are shown after charging to expense
accounts over $116,000 expended in repairs and betterments.
Deducting the usual quarterly dividends on preferred and one
dividend of one per cent on common stock left $88,927 to be
added to surplus account, wliicn is thereby increased to
$761,099 and actively employed.
The value of stocks on hand has increased and they are
the largest in the history of the company. All inventories
have been taken at cash values for raw material and actual
cost for manufactured goods. We cannot expect lower prices
for raw material and have a reasonable hope of increased
profits on the business of the present year. The first six
weeks of this year’s business show a large increase over the
same time in 1895.
Financial.—The general financial condition of the company
is fully set forth in the several statements. The working
capital is ample for present needs, enabling us to pay cash
- f o r all we buy without borrowing. The accounts payable of
•$105,164 represent current matters in proceess of payment.
The mortgage of $12,603, as explained in last report, we can­
not pay off during the life of the holder. The policy of the
management is to modernize the factories, with a view to re­
ducing cost and improving the quality of manufactured prod­
ucts. Our relations to the trade are increasingly harmonious.
On February 3, 1898, we sustained a great loss in the death
of President William P. Thompson. All the high qualities of
character which he possessed were prodigally exercised in its
behalf, and the company stands an enduring monument to
his memory.

1893.
$
23 ,6 6 s.144
417,557
4,203.043
19 >,600
1,2 12,003
388,321
1,100,802

1895.
Assets—
$
Plant in v e stm e n t................. 23,613,466
43 >,663
Other investm ents.................
Stock on h a n d ........................ 4,801,231
190,600
Treasury s t o c k ......................
339,210
Cash in b a n k s ...................
217,858
Notes r e c e iv a b le ...................
A ccounts receivable.............. 1,281,839

1894.
1893.
18,861,754 17,708,035
15,484,014 14,398,477
$

$

1,470,272
880,2 L6

1,511,039
1,017,6 40

692,074
8,415

090,056
2,531

493,399
17,814

Total net inoom e........................
700,489
Dividends............................................
600,000
Purchase of mi eral l a n d ..................................

592,587
400,000
............

511,213
300,000
150,000

Net profit.....................................
Other inoom e (net)........................ . .

Balance, surplus. . . . ....... . . .
100,439
192,587
61,213
Balance o f assets Dec. 3 1 ............. 1,007,501
907,011
714,424
Total earnings 184--1 395............. 23,446,875 26,805,428 25,335,156
ASSETS AND LIABILITIES, EXCLUSIVE OF REAL ESTATE AND MINE PLANT.

Assets.
Cash N .Y .,an d copp er.
O ashatm ine......... . . . .
Acoouuts receivable ..
Supplies, etc., at m ine..

|
Liabilities.
$396,353 I Drafts u n p a id ..... .......
$6,798
13,057 |
Dividends un paid..... 1.815
100,978 I
A co’nts payable iu N. y . 27,359
1 1 4 ,5 2 6 1 “
“
atinine.
30,943

T otal............................. $1,124,915 | T o ta l.............................. $117,415
Balance, net assets................. ......................................... ............. $1,007,500
Less dividend payable February 17, 1896, 84 per share. $200,000.

St.. Louis Merchants’ Bridge Terminal.
( Report fo r the year ending Dec. 31, 1895.)
This company,which is controlled by the Terminal Railroad
Association of St. Louis, reports earnings as follows :
Receipts—
1895.
Passenger earnin gs....................
Freight earnin gs........ — ..........
Other earniugs from operation. ....... 111,635

1894.
$52,260
390,512
221
93,664

1893.
$14,556
358,883
224
76,791

T ota l............................ ............
Expenses—
Conducting transportation___ . . . . $129,663
Motive pow er ...........................
Maintenance o f cars ...........— .......
13,294
M aintenance o f w a y ................... ....... 44,462
General expen ses—ta x es.........

$536,657

$450,454

$L22,788
72,690
10,549
43,L88
72,307

$139,730
76,031
9,452
29,635
55,620

$326,522
$210,135

$310,568
$139,886

Total ..................................... ....... $127,860
Net earnings................................
Deduct—
.........8175,000
....... 206,235

$91,922
143,565
148,992

Total....................................... .........$126,043
$384,479
Balance......................................... ■def. $151,427 df.$174,344
—V. 60, p. 1147.

THE CHRONICLE

Fkbecaky 22, 1896.]

GENERAL

INVESTMENT

NEWS.

Brooklyn City & Newtown RR .—Quarterly —S .rain ys f >r
the quarter and the six months endin . D -a. 3 h tv- o n , :
3 months

Gross

Reorganizations, Etc.—Latest Data as to Defaults, Re­ end, Dec. 31. earum gs.
organization Plans, Payment o f Overdue Coupons, M e.— 1995 ................ ..$141,836
153,918
t ...............
All fa cta o f th is n a tu r e a p p e a r in g since the p u b lic a t io n o f the l ?69months.
last issues o f th e I n v e s t o h s ' an d S t r e e t R a i l w a y S u p p l e si NTS m a y b e r e a d ily f o u n d b y m e a n s o r th e f o l l o w i n g in d e x .
T h is in d e x do**s not in c lu d e m a tte r in t o -d a y ’s C f t a o y i o l e .
LW Por other minor companies see also' index Chronicle

F cb.S .p. $76.
Railroad and Miscbl. Co’s (Cow.)
RailbOaps axi>MiscKl. Co' s
Volume *2—
Page.
Volume 62 ~
Faye.
Appleton Kdtson « lec„ (Wb. >.
27d Ore. Ity. & Hav.... . jftm oprwMm 278
AtL A Fm.. forerf. suit. S , tu.tr. 231 Ore. Shert Line & Vtail N©r, .weorg r, 9
Cape Fear & Vat!teia V.U.rmrg, 232, 277 Peoria Decatur A Evaasv— ,rmrg. 188
Gemrat Braaen. Un. Fae.......com SI'
Port Edwards Centralia & Nor.* U *279
Chicago A Atch- Bridge........ .com.
St, Joseph A (ir a n d Is la n d ....... m l * 279
Chicago C
Chic.'fc*eor& k Si. Louis...plan.232, 8t9 Union Pacific..... .coup. X87, rmrg. 187
reorg . 277
K ansas Pacific
„
____ _ _ _ „A Mack ........... . reorg.
Cm.
Jackson
a-Vi*? m
Vnited States Book............ fared. 1ST
Cleveland A Canton, July.
. . . Cordage
. ... JorecL
' ’ 187,321
’ " ...
coup, m de/AO. 232 UnitedStates
St r e e t k a i l w a v a
Coltmi, St Hock, €*mi• &
J Ir.e-fvu-p,
- -u p . 23S. A ft
Volumes 81 and 62—
Page
Caosberl&ixd ScOhio. .Nor. Dir.ftcrr.
Detroit Daaslisg A No ........plan. 319 ' Burlington Klee. .Iowa)----..d-f.2 |*J
Dulutn 4 YauDsfeiL.. . . . .default
. . .. . . . 2 .7 j Ch attainxjga E le c tr ic ................ml* 11’ A
Duluth <fc Winnipeg
......sdr.
* r* |m " Chi. k So. Side R. T. ..... pi rn Km. i :j ?

D en ver C ity . . . . r r n t g , 238
d o Cum.
U fH . ItilJ.
IC O . I
1 S.->. 2 8 *
*6
it. 10*25, 8
II- iForlland.
~ “
General Electric................ .mm. 320 Consol. St.. Ry
.......................
.. .
o. ’u fwecl 968
Midland &Golf........ ml t 277 Dallas Consol
ISO). S t .-plan 1013.1166. I 8 5
Kind;
Electric. ...rmrg, mo
-... iderhook
. _.......St Hudson...... .. afttont. 277 Ft. Wayne* lad.)
l .....................

F t , W o r t h St

Lotitor. Bvanav. Sc St, U ,. . . . . .
JLouisv. St. L. & T o x . r e t y r g . d e p o r n t t
M em phis Sc C h arleston ........... m a p .
Moat.
M oa t. Tuscaloosa
T u sca loosa &
& Me_
M em_,. .__
. .___
m id
N
ew Orleans
O rleans Sc
New
& So.
S o....... jo m L mil

i m
IT i
233

X

N. Y. StGreenwood Lake.,.. .rum. 2
Norfolk Albemarle St Atlantic mfe 2
.rtcvre.
Northern Pacific
Omaha A St. Lotiia..

Houston City M. Ry....r*erg. H i , -27 7
Lake St. Kiev, iChicago) ../•*
...... 1012.1 '>13. 1J&-,, I S A

~ ’.**N42 3 3 ; nrw m. 2 7 s

■on ......mu.

Lureasterk
7B
Portland (Ore ) Coal'd. St__ plan s «

Queen City By. (D allavTex >»***'<i. :| j |
s e t t l e Cons, St. Ry ..... r « r f. 9«S. SOS

Superior Rap. T , . r r c w . dtf. 2 7 9
N ote .—Full-face ligates under Str e e t B a il w a y s refer to Voi. 62.

Allegheny Valley Ry —Payment o f Maturing Bonds.—The
first mortgage 7 3-10 bonds due March 1, 1896, wifi be paid,
principal and interest, on presentation at the office of the
company in Pittaburg or at the office of the Treasurer of the
Pennsylvania RR. Co. in Philadelphia.— V. 80, p, 1057.
American Biscuit Company.—Annual Meeting,— At the
meeting last week the company is said to have reported a
satisfactory business for the year, and earnings o f 8 p-r cent
or over on its $ 10,000,0W of capital stock. The American
Biscuit Company is a rival of the New York Biscuit Com­
pany, and b tilt* owner of some forty bakeries situated in twelve
States. There are said to be outstanding $.‘>46,0006 per cent
bonds but no flatting dele.
Tne following officers were
elected: President. J. I,. Loose; First Vice-President, D. F.
Bremner; Second Vice-President, L. D. Dazier; Secretary,
H, F. Vories; Treasurer, W, W. Shaw.
Atchison Topeka s. Santa Pe RR.—Proceed* o f Foreclosure
Sale—Special Master Johnson, who gold this r o t! in fore­
closure, announces that on March 9 he will make payment to
holders of the general 4 percent bonds and defaulted coupons
their,.roper proportion of the proewds of the for-closure sale,
$39,751,000 being applicable to such payment,—V. 63, p. 318.
Atlanta & Charlotte Air Line l l j , —Barninty? and Status
—To is road is operated by the Sautheru Railway Company
under the terms of the old lease t-> the Richmond <£ Danville,
which re.pnre the payment of dividends of 5 per cent per an­
num on the stock as a minimum rental, of 6 per cent per
annum when the gross earnings exceed, as is now the caw*,
$1,500,00 ), and of 7 per cent per annum when they exceed
$3,000,000, Thus, while not formally assumed by the South­
ern Railway Company, the Icasa is held to have been ” cunatruouvrly ratified" by virtue of op-ration o f the A. & 0. Ry,
under it and in other way* ; and all thought of modifying
tiic rental, as suggested at the time of the Richmond Ter­
minal reorganization, has therefore. It is understood, been
abandoned. For the nine months ending December 81,
1895, the company reports grow earning* of $1,378,477, con­
trasting with $1,166,168 for the same period in 1894, while for
the fiscal year ending March 31, 18W4, grow earnings were
$1,540,887, as against $1,549,313 the year previous. Dividends
aggregating « per cent yearly have been paid regnl u ly since
Sept., 1890, and before that 5 per cent.—V. 60, p. 561.
Baltimore He Ohio R R .—New Directors.—At the meeting
of directors at Baltimore on Wednesday Gaorge C, Jenkins
was unahimoudy elected a director, to fill the vacancy caused
by the resignation, owing to ill ti**oitb, of William F. Burns.
Gen. Orlsnd Smith resigned as First Vice-President, ami Mr.
Oscar d . Murray was elected in his stead. General 6mi h re
mains the representative of the Company on the Bon’ d of
Managers of the Joint fraffii Association.
New Collateral Trust. The Baltimore Sun says : “ The ne­
gotiation* for the collateral trust mortgage being made
through Major Saaw, Chair nan of the Finance Committee,
are advancing satisfactorily.—V. 62, p. 818.
Boston A Montana Mining.— Annual Statement — The
earnings are stated to be a* follows ;
F isc a l
O rm s
Sa
Tnltrml
Property
Balance,
tear.
earnings.
earning*.
a n d tin k .f.
bought.
surplus,
1S9Y
*2357.705
Bttn.M-l *17.flit «,0*.1,.S»4
1894 . . . 3.630.527

937.445

272.781

232,102

182.2S i

From the surplus as above wire declare 1 dividends aggre­
gating $1,050,<00 in 1893 and $300,000 m 1894, leaving a
balance respectively of $1,033,544 and $182,262. The total
bonds outstanding are given as gl.247,000, against $1,363,000
Jan. 1, 189-5: liabilities $3:50,026, against $270,801; total sur­
plus $1,365,978, against $582,430.

363,

1995 ................ .$279,657
1994 ............... .. 302,105
- V , 61, p. 829.

Vet
earnings.
$5 {,9 J5
54,308

Other
income.
*1,960
41

1nferesi.
taxes, etc.
m ix i
3 t,166

Balance,
surplus.
.$23,216
24.182

$109,4X0
121.SS7

$3,906
41

$64,2*15
61,531:

$49,031

60,394

Brooklyn Elevated RR.—Quarterly. —Burnings for the
quarter and the six months ending Dec. 31 have neen :
3 month s
Gross
end. D<c. 31. earnings.
1815.................$500,328
1894
..... 431,222
6 mon ths.
1895
......$955,022
811,260
1894............

Net
earnings.
$210,389
181,453

Other
income.
$2,194
I.- 37

Interest,
ta xes,. If.
$216 124
210,026

Balance,
deficit.
* 3 .5 4 1

27,531

$390,869
$ 5 ,7 ” S
$ 1 3 ’ ,545
$35,471
318,742
1,989
419,033
93,302
Loens and bills payable Dec. -31, 1395, 8410,000, against
$863,500 in 1891,—V. 62, p. 81,
Brooklyn Wharf & Warehouse—First Dividend on Pre­
ferred.—A. dividend of 6 per cent has been declared for the
year ending Jan. 31st, 1898, the first year of the company’s
"easiness. See advertisement on another page.— V. 60, p, 130.
Central RR. & Banking Co. o f Georgia—Central o f
Georgia Ry.—Preference Incomes Ready fo r Delivery.—The
holders o f certificates of the Mercantile Trust Co. issued
under the reorganization agreement of the Central Railroad
& Banking Co. of Georgia are notified that, upon presenta­
tion and surrender of their certificates properly endorsed,
they will receive m final settlement the preference income
bonds of the Central of Georgia Railway Co , as provided in
the agreement.
Preskient gnd Directors E'ected.—At Atlanta, Ga,, on Feb.
17, Mr. H. M. Comer was elected President of the new com ­
pany. The new board of directors is composed as follows:
Ralph F. Anderson. Vibe-President; General Samuel Tnoma*,
T. F. Kvan, Henry Crawford, B. W . Wrenn, Jr.. D. W ,
Appier, Judge R. T, Dorsey, J, B. S. Thompson and President
Comer,—V. 62, p, 232,
Chicago & Northwestern R r.— Wisconsin Northern R y.—
Proposed Extension.—Mr Marvin Hughitt and others identifit d with <he Chicago <fc Northwestern are the incorporators of
the new Wisconsin Northern Ry. Co., which is to build 100
miles of road from Big Saim ico, in Brown County, Wis.,
northwesterly to the boundary line of Wisconsin and
Michigan,
The capital stock is $500,000.
Albert Keep,
Chairman of the Northwestern Railroad, is quoted as saying :
** We are merely building 100 miles of track for the purpose
of opening to settlement some land which we own in Wis­
consin. That is ail.” The land is said to comprise a tract of
150,700 acres, secured by the Northwestern Road under grants
of 1856. The land is valuable for the quality of hardwood
timber it produce*.
Various improvements in the neighborhood of Bo me, la.,
on the line of the Chic igo & North Western are also reported
under consideration The raising o f the tracks in Chicago
will also call for the expenditure o f a considerable sum. —V.
02, p. 233, 256.
Chicago & South Side Rapid Transit. —Reorganization.—
Touching the reorganization of the Chicago & South Side
Rapid Transit, It is stated officially that over four-fifths of
the first mortgage bonds have been deposited with the North­
ern Trust Company, Chicago, Further deposits will be re­
ceived up to and including March 14,1306, upon tho oayment,
a* penalty, of $‘18 for each bond deposited.—See advertisement
on another page.
It is alio announced that over seventy-five p<-r cent of the
Retention bonds have been dooosited with the Illinois Trust
& Savings Bank, Chicago. Further deposits will he received
without penalty up to Feb. 39, and after date up to March 14
on payment of $25 for each bond.—See advertisement on
another page.—V. 82, p. 283,
Cleveland Electric Ry.—Cleveland City R y Consolidafion.—Thesecompanies, which control all the street railway
business in the city of Cleveland, have agreed to consolidate,
but the name of the new company and the terms on which
the consolidation will take place have yet to be d-termined
After these matters have been settled the stockholders must
ratifv the contract. It is understood that tire Akron B dford
& Cleveland and oth"r suburban electric lines will retain
their independent existence, but will be onerated under close
traffic alliance with the consolidated company, affording them
abundant access to the center of the city.—Vi 61, p. 749.
Consolidation Coal o f Maryland.—New President.—This
company, which ia largely owned in the interest of the Balti­
more & Ohio RR., has elected as President in place of Charles
F. Mayer, who resigned, C. K, Lord, Third Vice-President of
the B. & O. The following directors were elected : William
F. Frick, James Sloan. Jr., John W, Oirrett. George C, Jen­
kins, John G iilof R., Wdliam H. Whitridge, Louis Fitzgerald,
E, R» Bacon, Eugene Delano and James M. Quigley. The
only members re-elected are Messrs, Frick and S loan,
Cleveland Lorain & Wheeling K j.—Earnings and Divi­
dend,—This company has declared a dividend of one per
cent on the preferred stock, payable March 3, 1896. For the
half-year ending Dec. 31, 1895, the following report is made
8 mot
(from
Operating
Net
Fixed
Balance'
to Dec. 31. earnings,
expm sce.
earning*.
charges.
surplus.
1895....... *887,225
$804,227
$282,998 $132,000
$159,999
1894 ..... 782,251
510,273
271.978
- V. 62, p 317

364

THE CHRONICLE.

Delta Electric Ity.. Cairo, HI — Sold in F oreclosu re — This
proi a.iy was i urchased at forectwure sale on February 18
for $35,000 by Calvin V . Neff, representing the bondholders —
Y . DO, p. 480.
Dnluth & Iron Range RR.-Minnenota lron.-A ’eic M o rt­
gage .- T h e Duluth & Iron Range RR. Co., which is owned by
the Minnesota Iron Company, has authorized a second mort­
gage for $5,000,000. of which $3,500,000 will be issued o
take up a like amount of 6 per cent income certificates hell
by the Iron Com pan v, and the balance will be held for future
requirements. The Iron Company calls attention to the fact
that in January this year irou was at $4 a ton, contrasting
wi'h $2 90 in January 1895.
.
New Iro n L a n d s.— The Minnesota Iron Company is reported
to have purcba ed a forty-acre tract near the Oliver mine on
the Mesaba R n ge for $400,000 from the Virginia Iron Com­
p a n y — V . 61, p. 966, 1012.

F.tmlra Portland & Northern RK.—Lehigh \ alley RR.—
Sale an d G u a r a n ty — The entire capita' stock of the Elmira
Cortland & Northern RR., all owned by Austin Corbin, J.
Rogers Maxwell and Henry \V. Maxwell, was sold this week
to the Lehigh Valley RR. Co. The sale includis the CanaStota
Northern RR.. operated under lease. The Lehigh Valjey. as
part consideration, guarantees by endorsement the princtoai
and interest of the $1,250,000 5 per cent bonds issued in 1834
by the E mira Coriland & Northern, and so virtually guaran­
tees the underlying loan of $750,000 six per cents. It likewise
assumes thp agreement of the Elmira company with regard to
the $300,COO six per pent 20-year bonds issued by theCanastota
company in 1886. The lines purchased form for the Lehigh
Valley an extension 139 mihs in length from Elmira, New
York, crossing the Lehigh Valley at Van Etten northeasterly
via Canastota on the New York Centra), to Camden on the
Rome Watertown & Ogdeufaburg. The Lehigh Valley took
pose, ssion Feb. 20.
■
New C oal L a n d s.— A press dispatch from Ashland, Pa.,
savs that th e L“ high Valley Coal Co. has acquired and will
take possession March t of the Logan and Centralia collieries,
at Centralia, and the Big Mine Run colliery, at Ashland, now
operated by L A . Riley & Co. The deal includes the lease
on the Germantown coal tract.—V . 61, p. 794: V 62, p. 186.
Evansville * Richmond RR.—Erausville & Terre. Haute
R R .— Foreclosu re S u it.— A press dispatch from Chicago sty a
a foreclosure s iic has been brought agamst tbe Evansville &
Richmond u rd-r the mortgage of 1891, secuiing $1,310,000 of
bonds, the Evansville & Terre Haute, as guarantor, being
named as a party defendant. Holders of $1,233,000 of the
bonds exchanged their holdings for Ev. & T. H preferred
stock and this suit is supposed to have been iusiituted at the
instance of holders of non-assenting bonds.— V . 60, p. 1058,V .
61, p. 746.

\ /or,. LXIl.

Seven p er cent Ji. debenture stock, “ to becom e payable at p ir
ou Sept. 15, 1950,’ ’ a ch trg e upon tbe uodertakiug sim­
ilar to the “ A” stock, but rauktng after the same, the
p ric e pal to be subject to call at 120 at a u y tim e o n s ix
mouths n otice..............................................................................
470,000
The interest on the “ A” and ” B'’ stock will be non-cum l'a t'v e until
for five consecutive years the surplus reveu m has been sufficient to
provide the full interest on both “ A” and “ B ’’ The. *,A’ ’ a u d “ B”
stock ! will he entitled to voting powers at the coinoau y’ s meetings as
follow s : “ A” debenture stock, one vote for everv £ ! no uiuai of stnok
until the interest on such stock becom es cum ulative, and thereafter
one vote for every £ 1 nominal of stock; “ B ” deb'-nture stook, odo
vote for every £ 5 0 notniaal o f such stock. The, new seourkles draw in­
terest (on “ A " and “ B” if earned) from Sept. 15, 1895.
Exchange o f Securities —Ttaepresent £1,565,000 6 per cent

debenture stock (of which £165,000 Matamoras), the £12,210
of arrears of interest on Matamiras stock and the£156,500 de­
ferred interest warrants will be exchanged as follows :
.----------------Will r ec e iv e:---------------- .
4 p. e.
7 p. c. A
7 v. e. B
Old securities as below—
deb. slock.
deb. stock, deb. stocks
£100 6 p, c. debenture s t o c k .. . . . . . . . £ 3 3
£37
£30
Overdue lot. on Matamoras stock.. . Par
..
....
Deferred Interest w arran ts............................
Par
—

Jacksonville Tampa & Key W est.—Date o f Sale.— The
foreclosure sale of this property has been set for April 6 —V.
62. p. 40.
Keutncky Midland Ry.—Foreclosure Safe—The postponed
sale of this road is advertised for April 6. 1896, at Frankfort,
Ky., the upset price to be $250,000.—V. 62, p. 233.
Kings County Elevated R y.—Quarterly.—Earnings f.r the
quarter and the six months ending Dec. 31 have been :
3 months
Cross
end. Dec. 31. earnings.
’ *95 ...............$310,573
1894
...... 196,127
6 months.
1895
...... $382,722
1 8 9 4 ................ 344,866

Net
earnings,
$80,957
71,641

Other
income.
$3,293
4,035

Interest,
taxe<,etc.
$38,918
86,112

Balance,,
aeficit..
#4,068
10,436

$132,163
107,647

$6,555
4,035

$179,809
177,949

$11,091
60,267

Loans and bills payable Dec. 31, 1895, $206,200, against
$178,952 in 1894.— V . 62, 276.

Laclede Gas.— E x ten sio n s—New C ou p on N o te s .— This c o m ­
pany expects to set at least 15,000 adduional metres during
the current year, it being the policy of the management to
offset the loss of earnings occasioned by tne recent reduction
of price from $1 25 to $1 by increasing the consumption, and
to this end new lines of pipe in unsuophed sections will be
laid as rapidly as possible. That the cost of these extensions
should not have to be taken out of current earnings the stock­
holders recently authorized an issue of $500,000 five-year gold
5 per cent coupon notes. Tne notes are redeemable after two
years and absolutely in five years. In is thought that it will
not be necessary to issue more than $250,000; none as yet have
issued.
C h a rter R ig h ts.—In the friendly suits instituted between
the company and the city to obtain a ruling from the highest
Georgia * Alabama Ry —Montgomery (Ala ) Term inal- court as to the extent of the Laclede Company’s rights under
Lease an d R ed u ction o f In terest. —A committee consisting of its very far-reaching State charter, the courts have not yet
Bernard Calm, Henry James and Charles W . Slagle gives the passed on the main questions. These questions are summar­
following notice to holders of Montgomery Terminal 6 per ized as follows :
cent bonds:
1. Whether the Laclede Company’s charter Is p erp etu al; whether
The Georgia A Alabama Railway has agreed to lease the property o f
the Montgomery Terminal Company fo r five years from July 1.1805,
with a privilege o f renewal for live years u m il'h e maun ity of the
bonds o f the Terminal Company. Th railw ay is to have the option o f
purchasing the property ror th* fa ce value o f ttie bonds during the
com inuauce o f th •lease; the rental to ne paid amounts to five p ercen t
od the bonds and ilieiuterest on the bonds during the lease is to he
reduced to 5 per cent.

or not it has alreadv expired, or whether It will hold good until I9i>7.
2. Whether or not the city ordinance p tssed by the ’eic.v o f 8t. Louts
subsequent to the g-antal o f the Laclede Com pany’s charter, and
giving the city ihe right to say in what manner its streets shall be used
by an v corporation w hatsoever, is a valid ordinance.
3. Whether, if ihe Laclede Company’s charter is in force and effect,
a u d it has the pow er to use the streets of St. Louis to lay conduits as
it pleases, it can use these conduits for the carrying o f electricity.
The Laclede Company’ s charter, which was granted iu 1837 by the
State Legislature, gave the com pany the right to lay mains, not only
for gas, but also to carry any other “ material or substance that is
used or may be hereafter used for lighting purposes.”
This, of course, opeued up the w hole subject of the use of electricity
for lighting purposes, and also as to whether electricity could be prop erly characterized as a •* m aterial or substance."—V . 61, p. 69.

In order that this arrangement may b s consummated, hold­
ers must deposit their bonds with the Mercantile Trust & De­
posit Company of Baltimore.— V. 63, p. 233.
Green Bay Winona & St. Paul R R .— Sale P ostp o n ed .— The
foreclosure sale of this road, and alsoof th^allied property the
Green Bay Stevens Point & Northern RR,, has been post­
Lehigh & Hudson River Ry.— Q u a rterly.— Earnings for
poned until March 3, 1896.—V . 62, p. 138
the quarter and the six months ending Dec. 31 have been :
Houston East & W est Texas RR.— D eath o f P resid en t.—
3 months
Gross
Net
Interest,
Balance,
earnings.
earn ings.
taxes, etc,
stir, or d ef.
The death is announced of Colonel E. S. Jemison, President end. Dec. 31.
1891............................ $49,090
$41,783
$36,250
sur. $5,536
and one of the largest owners of this road — V. 61, p. 151.
1894............................ 104,969
47,744
35,836
sur. 11,908
Interoceanic Ry. of Mexico—R eorg a n iza tion P la n .— A com­
6 months.
$79,634
$70,596
sur. $9,038
mittee in London, consisting of Walter J. Stride (Chairman), 189 ........................... $194,355
64,769
69,614
def. 4,845
L. M. Ames, E Cissel, Frederick J. Gordon, F. Praed, John 1894............................ 194,275
Loans
and
bills
payable
Dec.
31,
1895,
$408,500,
against
B. It* ynolds, N. Bowden Smith and John Annan has pre­
sented a plan of reorganization. The committee recommends $396,489 in 1884.— V . 61, p. 1064.
pi icing the holders of Matamoras debenture stock on a parity
Lehigh & Wilkesbarre Coal Co.—A n n u a l M eetin g .— No R e ­
with the holders of mortgage debenture stock and leaving un­ p o r t .— This company, which is controlled by the O en in l R. R.
disturbed the £400,000 of 5 per cent prior lien debentures; of New Jersey, held its annual meeting on Tnursdav and
They therfore propose the issue of the following new securi­ elected the following directors : J. Regers Maxwell (Pres.L
ties to replace the old stocks and for othor purposes, the new George F. Baker, James A . Garland, Cnarles Parrish, Joseph
secuiities to rank in priority in the order named :
S. Harris, Samuel Dickson and C. Pardee. No report was
Four Per Cent D ibenlurt Stock. —“ To hi com e payable at
issued last year and none will be made public for the year
par Sept. 15, 195n,” to b e a first charge on the entire
just closed.— V . 60, p. 655.
ubdertukiog su bj-ct only to the prior lien debentures,
and to be subject to ca
at any lim e at par on six Lincoln Street Railway.— C on solid ated M ortg a g e C o m ­
months’ notice*....... ............ .................... .......... 150 000
m ittee.— A committee representing the consolidated mortgage
Of which to leplace existing securities
......................
’52 8’t>60
bond, has been named which will, it is understood, endeav r
T o be reserved for redemption o f the *100,001) prior lien
to come to some agreement with the committee representing
debenture*, which lust ato subject to call at par on six
mouths’ notice after March 1,1 897 , any balance for gen­
the firsts looking to a reorganization of the company. The
eral purposes ......................................................................
450,000 consol, committee consists of Messrs. Jos. C. Ely and Edwin
For working capital, or which *100.010 can he Issued only
A . Smith, of Providence; C. C. Cuyler, of New York, and
, only with coosent o f two-thirds in value o f holders o f 4
p. c. debenture sto ck ....................................................... .........
g^g W m . Stull, of Lincoln. Neb. About $600,000 of the bonds
out of the total issue of $860,000 have been deposited with
Seven per cent A debenture stock, “ to bcooiue payable Sept
tbe G-uiranty Trust Co. of New York, and further deposits
15. 1950,” a second charge ou the undertaking, interest
to be p iya li.e only out. o f surplus revenue, “ after provil-111
will b8 received.
log for nil working and prior oh trges.’’ The p riu eipalto
Little Rock & Memphis R R .— Sale P o stp o n ed .— The sale o f
be subject to coll at 110 at, any lim e on six mouths’ notice
All but £ 4 o0 to repU.-e existing securities...................... '
736,000 this road has been postponed until May 12.— V . 62, p. 186.

365

THE CHRONICLE.

F ebruary 22 1886.]

M an htU n Railway IN'. I . C i t y Quarterfy.— Ekrningb P. Bantin, J W. Ma-kay, Stnyvesuns Fish. J J. Emery,
for ihf quarter and the six months ending Dec. 31 have been : Smith M. Weed. R. L. E l v-rds, J. W Miller. H. E Haw3 month*
Om ts
Jrel
Other
Interest, B a lin er, land, E. 0 . O’ Brien, A M. H.iyt, H-*nry G . Burleigh. H. D.
mul. Dee. 31. ra-iunis. lamina*.
income.
lazes, etc. surplus. Pieice, M. C. D. Burden and A. K. Iljpbura
Mr. Warner
laws ___ $2.1118, 14 $1,030,912
$85,003 $sK»,-ao *i0-,l2-> Mill r is quoted as saying that sufficient m >ney had been paid
1801............. 2.517,211 1,160,593
61, U 8
713,131
503,250
in to dispose of the ti ll ing dent of ills old c loapaay t> tike
6 . oaths.
J$94............$1,572,307 $ 1 , 3 4 4 , 0 7 6 $ 1 3 9 , 9 1 0 $ 1 , 3 1 3 , 1 3 1 $371,736 care of the plant at Nicaragua and to pay expames there for
38,688
1,378,709 683,697 some time. Mr. Miller is hopeful th it Congress may be in­
1691............. 1.583,101 1,955,788
On Jan. 1, 1838, the interest on funded debt due and as duced to lend its assistance to die enterprise but if not it is
crued and oth-r current liabilities. loeludtng the dividend das proposed to seek funds abroad.—Y. (33, p. 335.
Jan. 2, 1836 (343>i.i'O0), amounted to §1,518 761 against §1,706.Northern Pacific RR.—StaakholdepM, Protective Committee.
M (inc»u tu-g July dividend* on July 1, 1895 ; cash and oaso
assets, $8275.017 ag'amu §702,619 on July 1. On Jan, 1. 1893, The following Stockii dder»‘ Pro*c;ivA G m im uee was apthe N. Y. Ei-vated RR 7 per cent bonds for $a.3!)O,O00 * . re poin ed fours lay in view of the apariachint r w ; w i z u ! i i :
retired, oonsolida'ed 4 per cents having been sold for the pur­ August Belmonr, Brayton Ives and Geirg-> R Sheldon of New
pose in 1896. This effects a saving in int-rest charges of York, and Charlemagne Tower, Jr., of P hila— V. 63, p, 330.
per annum. —V. 63, p. 138.
Oregon Iiupriv *m ant, — First Mortgipi Bondholders'
camtimtee. consisting of F. P, Olcott and
Marietta ft .North Reonrla RR.—Atlanta Knoxville ft Committee
Northern By.—Payment o f Purchase Money.—The Court trusiav E. Ki-s-l, of Ns v A'irk. m i Mps -s W-dIK'ni. o f B n originally ordered that in addition to the $82,500 deposit-d at ton, requests deposits of first mortgage bands with ih? Central
the time of the sale, the Construcrion Company should piy trust; Co oopaav. Toe sinking fun i pivm*ntsara inarre trs
$130,000 by March 6, 1898, and that the railroad should not be to a total of §163,0)0, which -giv •< h >11 a t of oas-haif the
turned over to the purchaser until *533 090 was paid. Judge oond*ou'standihg th> right to h a v jth i h ia ib s itr a d da *
Newman, however, at Atlanta last Saturday modified the and payable. The oansola are in default, a id are alreadv
order so that the purchasers should be r. qutred to pay onlv represented by a committee. S ’->f irther particulars in ad­
$157,500 in cash by March 6. 1896. the balance of the pur vertisement on anotherptge- —V. 63. p. 85
chase price to be paiil in equal tost rim -nts in three, six an I
Oregon Railway & Navigation—Foreclosure Sate.—Legal
nine months’ time, but possession of the railroad not to be formalities, it is thought, will oseuoy soate sixty days before
given untd <535.000 has been paid, the total bid being $938,300. a sale of the ro t ! can be effected.—V . 62, p. 820.
Litigation.— -\s the result of a dispute regarding * loan of
Oregon Short Line A Utah Northern RR.— Reorgan$92,500 made to the reorganization cimtni tee, the Knicker­
bocker Trust Company this week applied to the Court for an ii.t'ion /■*/«,-f.r-The reorganiz iti »o plan has been Anally com­
injunction io prevent "the transfer o f the property to the new pleted- Toe new securities are to be first mortgage 5 per
company, the Atlanta Knoxville & Northern Ry.—V. 63, p, 85. cent bonds, Best and second inoons h and cim m >i stock. Tn<*
Marihtleld * S m theadern—Port Edward* Centralf* A old <t r- - are left undisturhe>l : the consol* an 1 ths Utah
Northern Reiirgmifst ?d Company.—The Mt'jfcfietdft; dtontlj Southern bonds will be given 5) per cent ta ntw firsts. 53 p»<eastern was incorporated at Milwaukee, Wis , Fib 14, with cent m A m incomes amt 10 ) per cons in sto :k : the collateral
.$Jh0;u00capi’»l stock to acquire the prop rty of the Port Ed trust bonds receive par in second incom es; the stock is
wards Centralis & Northern, foreclosed. The ioenrpora-oM assessed $t2 a share, recei ving first mirtgage b m Is for the
and directors are Walter A. Scott, Chicago i l'h«vaa< B. a-s-s-ment paid and .V* per cent in new stock. The plan Bre­
Scott, 8t Paul; H. C. Ro*s, Chicago; Patrick M. H llilfa i vities for the payment of the assessment on the Oregon Rail­
way St Navigation stock held bv the Collateral Trus. C om ­
and A. A. Hop*fft», of Marshfield.—'V. 62. p, 279.
mittee. Complete details of the plan will be published in the
Meriden Waterbary ft Connecticut R R ,—Saif t> R o m r CttK OftCMt as soon as received,—V. 63. p. 37f»
Interest,—Chari* 8 1,. Bosk well and A. Chamberlain, of M-riPaters*n Street Ry.—Annual Statement.—Far tlie year
den, have brought suit against L>. 8. Plume, a director of the
New England Rtf,, to recover Interest on binds o f the .Mwi­ ending D .f <U earnings arc report 'd as follows :
tiroes tarns.
Set rums
Charge*, list., turn.
den company, of which, It is said, they hold $183,030. Cm - r- ar,
# 1 2 1 U7J
# »7 ,4 B i
$2 ).3 u 7
pons of July, 1891, and «u'....ju or date# remain unpaid. The 13 35........................ #238.689
road was I-Mei to the old New York St New B igiand at a
For 1894 gross earnings were 1243,931, for 1834 $983,1003 and
rent d sufficient to pay the interest on ${30.000 o f 5 per r -tit for 1899 #216,113.
bonds, but apparently the new company has not eared to
Peoria 1) itur ft Evansville Ry.—P a y m e n t o f Con w i w . assume the lease.
Notiee is given that ibe coupm.s due Sept. 1, 1894. on
Nassau Electric RR ( Brooklyn. N, V.)— Q u a r te r ly . —Kirn the Bvansviiie Division first mortgage bonds will r>e paid at
tu g s for th e q u a r te r s e n d in g S e p ,. 71) a n d D * -. 31. 1895, h iv e the office of the Central Trust Company in New York City
b e e n r- p ot te a as fo llo w s . T h e r o a d w a s o p e n e d in J u l y , 1895 : on and after Feb. 98.—V. 62, p. 186.
tiro* I
Sn
Interest,
Butane*.
Philadelphia Reading ft New E isrla »4 RR. ’ •Reorganiza­
1893.
coming*.
earning*.
tame, tie.
turpi us tion Circular.—As anted recently in t he CHitoNIObB a com ­
3 not to Dec II ..... S4 2.1IO
$22.23#
$».2*0
SI,M0
3 mos. U> Sept. 3 0 ..., 91.617
t\ 3 H
4 3 .3 U
32,103 mittee consisting of R. J, C. Walker, John Sailer and John S.
Wilson is urging the h md hold era to deposit ihsbrseouriti s
Totals 8 sues........$173,737
#07,#30
•33,627
S31,043 with the Girard Life lusurane *. Annuity & Tru-t C »rapany
- V . 82, p. 277.
of Philadelphia. The com-nirieJs official circular aays in
National Linseed Oil.—Resolution to Reduce Capital Stock. substance:
—At the annual meeting of the stockholders on Thursday the
t b s proposed plan for the rrorvanlz Ulou o t the Philadelphia *
old officers were re-elected and the following resolution w u Rt-iiding Oo,, 1 1 o a o e o l i o o wltu ntlier I'ond ’ IO'is advo so to year
interest*,
hss *o reduced the v slm- o f your securities In the on es m ir
adopted :
Besot red. That it U the » M t o f this n m ting that the Board o f .llr.-r
tors should ml *n r s r lr date e*ll • special meeting o f the stockholder* lo
vote OB a proposition to reduce the oslpltul stock o f the com pany
from $i8,<K 0,00dto S9.0u0.000.—V #2. p 276

New Engl tod RR.—'ft irlcrly —Btaring! for t'le quirt?
and the six months ending Dec. 31 have been :
3 month*

a n te

K m l.T M e .Z X .

e a rn in g * .

1893........... *».«*«,•>»*
1 8 9 4 .............. 1,801,75s
0 month*.
1895 . . . . . .,..$ 3 ,2 9 1 ,7 2 8
1891 ................ 3,002,371

Set
earning*.

Other
Income.

$307,111 48.113
c i'i.r .io

2.091

$1,035,428
1,03.3,917

$8,333

Interest,
late*, tie.
9 3 W .H 0

Itatanm,
surplus.
$153,714

3,300
The charges for the quarter and sis months of 1894 are nut
given hero as.tbey represent securities outstanding before re
organization,—V. 62, p. 186,
New Tork Chicago ft St. Louis HR.—•Quarterly,—Earnings
for the quarter and the I f months ending Deo. f t have bten:
Z mo'-ths
time
.Vd
Other
Interest. Balance,
en d . D m . S i,

e a r n in g * .

131*3................. tt.-t20.n-it

friH ...........
12 m on th s.

j .860.58*

( « , » . «•«.

e a r n in g *

in c o m e .

$-'<02,1In
446,274

7-1,175
$298 137 $20 W *
‘1.009
................290.88)
.
151,022

t-.r/ iln s.

|«99 ...........*8,317,918 $1,428,558
1 8 3 4 ....... .

5,(>29,2)7

m m a $1,133,819 $281,310
1,150,898
0,327
8,890
1,143,361

A dividend of 5 per cent on the preferred stock, calling for
$250,000, has been declared .'payable March 2. 1896.— V. 02,
p, 186.
NVw fo rk ft Dreen wood Like Ry. —Erie R It, —Rroryan
nation Plan Effective,—'The plan mentioned in the Chronici. k
of r t-o. 1 by w h i c h the Erie is to lease the New Y>>rk & O e-nwood Luke for 939 years, has been declared effective.—V, 02,
p. 23J, 318.
Nlc-irafiia Comp m y— Director* ,- A t the first meeting of
tni) c imo toy tint success »r of the Nicaragua Canal Oon*
stmc ion Company at 34 Broad Street, on I’huredsv, the fol­
lowing board ( f directors wis elected- Warner Miller. J >hn

IMP » * to cause great anxiety for the future- r «o present q a o ta iiin s
ar” from 45 to 40 for first m ortgage4», and Is and 5*. and nothing
bid for incom e As or 8*. altbonvh nom inally quoted at 10 fo r the
form er and ft for the latter. B o il.n lo g th it tnese prlc -» ar<> much
» low their real value, tl, ,t a large amount, If ottered as a n a y , e m id
be .Psimsod o f » t higher figures, and that m ile*, some plan is adopted
by which <be lofloeoco o f one o r m ore strong interests are *e mrotl,
to nr bond* « t i continue to declin e, wo and other 1 *rgo holders have
agree i to deposit o ar bands wllh Ihs Girard I.lfu losu ra n cc, AnaiUty
ft Trust Co, o f mi* clt j-, nudar an agreement giving control to the
undersigned fo r four months, and r««p<-ctf'iUy s illcft the deposit o f
your* on the same comllPoDs As «ro will act witho it oo tipou*atlon.
and --s litlg-tioB Is not contem plated, the cost will he very m oderate
and Will t>« oolteoie l from Ihe p n joh a scr,If possible. In oa*» a sale it
made. (Signed By the comm lUee. i
Tho committee's atl lress is J o in S. Wilson, It tom 380,

Bullitt Building, Philadelphia. Mr, Walker i* one o f the
firm of Powers & Weight man, manufacturing chemists,
Philadelphia, and Mr. Sailer is of the banking firm of Sailer
& Stevenson, of the same city.
Quarterly.—Earnings for the quarter and tile ?is mot tbs
ending Dec. 31 have been :
3 n oath*
end. 0 ,0 ,3 1 .

taws____ _____

1-fH
..........
fi month*.
imv,...............
1904 .................

tiros*

•Vrf

Interest.

Balance,

ea r n in g * .

ta r e * etc,

H in d u s,

..$.*05,003
. . 193.013

#47,623
54.089

$34,825*.
35,204

$12,71*4
18,885

,# 1 1 3 .7 8 !
. 373,917

it o a .f jt o
I03 .au )

# «9 ,«5 8
70.34.1

#38,933
33,273

ra rn m gs.

- V . 62. p. 130.
Power# or Raargt'i'y, ttlia Com nil tees.—Phila lilphia
Decision, —From I he full text af Judge Peony paek-tr’* ileoision, now at ha id, it appears that the decision wan not gen­
eral in its character, hut was based upi 1 the facts found in
the case under consideration—nam ly that the committ-e,
which had the power to grant an extension of time for depositfi, had given the compluinants’ attorney to understand
that his client, who wus then in E irop**, should b - allowed
aiditional time in which to make depout., P haciu nei for
the company has filed seventeen excep'i m sto the d cisicn,

THE CHRONICLE.

3 6 '>

and they must be disposed of before a dual decree can be
enured.—V. 82. p. 821.
Rochester (Street) Railway.—Quarterly.—Earnings for the
quarter and the six months ending Dec. 31 have been reported
as follow s:
Balance,
Net
Gross
3 months ending Dec. 3 i — earnings. earnings.
$
8
6.831
$21*2.7
23
1895..................
85,231
197.633
1894...................
1895.................
1894...................

452,521
414,458

190,114
177,632

Other
income.
$3,261
2,405

Interest,
taxes etc.
$73,663
70,808

5,038
10,328

147,173
146,612

Xet
earnings.
$24,787
45,731
$90,592
114,897

Other
Interest,
income, taxes, etc.
$167
$31,962
250
30,597
$917
5U0

$64,389
68,271

,

iR eports a n d S o c u n x e u ts.
C H I C A G O & A L T O N R A I L R O A D CO.

surplus.
$16,42^1

17,128
47,979
41,318

Loans and bills payable December 31, 1895, $96,000, against
$278,193 in 1894.—V. 61, p. 926.
•*au Francisco Sc Sail Joaquin Valley Ry.—Construction.
—This company reports under date of Feo. 10 that it has com
pleted 25 miles of road. Stockton to the Stanislaus River,
grading has progressed 10 miles beyond the Stanislaus. The
Stanislaus River Bridge is to be finished in about 10 days. The
company will then proceed to lay track to the Tuolumne; the
bridge at that point will be finished about the 1st of April. Io
the meantime grading will progress, after which they expect
to push the work of tracklayiog, reaching Fresno by July.
The executive officers are: Mr. Claus Spreckles, Presiden ;
Mr. Robert Watt, 1st Vice-President; Capt. A. H. Payson. 2d
Vice-President; Alexander Mackie, Secretary; Bank of Cali­
fornia, Treasurer: W. B. Storey, Jr., Engineer.—V. 61, p.
1156.
South Jersey R R .—Receivers' Certificates.—An issue of
$100,000 receivers’ certificates tins been authorized to pay for
an extension to Ocean City, N. J., a distance of 12 miles, and
for other purposes.
St. Joseph & Grand Island RR.—Reorganization Plan.—
The reorganization committee exoect shortly to have plan
ready a for submission to the security holders. The1sale of th
road, it is thought, will take place in April —V. 62, p. 321.
8t. Louis Sc San Francisco Ry.—Reorganization.—The im
portant interests bad another meeting on Friday, and some
progress, it is understood, is being made in the direction of a
reorganization on an independent basis.—V, 62, p, 187.
Spokane Falls & Northern R y Annual Statement.—
Interest Scaled.— The Wall Street Journal publishes the fol­
lowing facts for the year ending Dec, 31, 1895 : Gross, $374,294 ; net, $212,426 ; fixed charges, $168,720 ; balance, surplus.
$43,706. 7 he bonds for $2,818,000 have been scaled to bear 4
per cent interest till July 1, 1896, 5 per cent to July 1, 1897,
then 6 per cent as formerly. They carry scrip to represent
the interest scaled, this scrip being pivable in cash July, 1897,
or in second mortgage bonds. A branch of 14 miles is soon to bbuilt to Mining. A iraffle agreement has recently been made
with the Great Northern Railway.
Toledo St. Louis Sc Kansas City R R .—Reorganization.—
Reorganization plans are held in abeyance pending a decision
in the stockholders’ suit, which was argued in December at
Toledo.—V . 61, p. 1066.
Union Pacific Denver
Gulf Ry.— Denver Texas &
Gulf RR,—Denver Texas & Fort Worth R R —Reorganizition.—Mr. M. L. Scudder of the Bondholders’ Committee rep
resenting the Denver Texas & Gulf and Denver Texas & Fort
Worth bonds, has returned from a trip over the road and re­
ports it to be in very fair condition. His committee has
about a majority of the D. T. & G. bonds deposited under the
agreement with the New York Security & Trust Co Fur­
ther deposits of these bonds and of the D. T. & F. W. bonds
are invited that the committee may be strongly supported in
their efforts to obtain best possible terms in any reorganiza­
tion plan that will be proposed.—V, 61, p. 1156.
Union Railway (N. ¥. City) —Quarterly.—Earnings for the
quarter and the six months ending Dec. 31 have been :
3 months
Gross
end. Dec. 31. earnings.
1895 ...............$111,9-6
1894
..... 107,489
6 months.
1895
..... $247,371
1894................ 243,827

vo l . l x h

Balance,
sur. o r def.
def. $2,Ou8
sur. 15,334
sur.$27,120
sur. 47,126

Loans payable Dec. 31, 1895, $120,000, against $135,000 in
1 8 9 4 -V. 61, p. 872.
West Jersey RR -W e s t Jersey Sc Atlantic RR.—Camden
Sc Atlantic RR.— West J o r a y Sc Sea Shore RR.—Consolida­
tion.—The Philadelphia Ledger on Wednesday said:
The arrangements for the consolidation and tner.'er o f these roads
ami their branch Hues are progressing, and it is expected thev will be
completed at an early day The cons d ila te d system will be known as
the West Jereey 4; Set Shoie Kailroad. It it proposed to issue the
stock of the new company in exchange for the old on ihe follow ­
ing basis: $20 for the Camden * Atlantio comm on, $45 for the Cam­
den & Atlantic pref rred. $10 for tils Chelsea Branoh Railroad $20
for ihe Wi st Jeisey <& Atlantic, $6o for the West Jersey, $20 for the
A l.ow ay 4 Quint "i Railroad. The price ot the Philadelphia M aritou
& M edford was fixed at $15.

The above extract indicates what it is expected in Philadel
phia will be the outcome of the negotiations. Under date of
the 17th inst. th e C h r o n i c l e is o ffic ia lly informed that “ n o
conclusions have be> n anived at in connection herewith, nor
has it been decided upon what basis such consolidation should
take place.” —V ' 62, p. 321.
West Superior Iron and Steel.—Change o f Receiver—How
ard Morris of Milwaukee, receiver of the Wisconsin C-mral
Railroad, has been appointed receiver of the West Superior
Company to succeed Robert Kelly, who resigned the tiuit to
assume management of the Punxsutawney Iron Company of
Pennsylvania.

R EM AR K S OF PRESIDENT T. B. B LA C K STO N E IN
TH E T H IR TY-TH IR D A N N U A L REPORT FOR
TH E Y E A R EN D IN G DECEMBER 31, 1895.
[THE STATISTICS W ILL BE FOUND ON A PRECEDING

PAGE.]

In States in which railroads have been constructed at the
expense of non-residents, the railroad history of the last
quarter of a century presents some remarkable features.
It is not our purpose to attempt to predict what the people
of the States we have referred to will hereafter do in the
matter of constructing railroads or in the enforcement of re­
duced railway rates, but it is an old m axim that history re­
peats itself, and if the history of organized popular control
of railways in such States is to be repeated it should be of
use as a warning, especially to those who m ay be requested
to aid in the construction of new railroads, or the reorganiza­
tion and repair of bankrupt roads.
In the matter of railway construction and control, the
policy of the people, which is still continued in many States,
had been so clearly manifested seventeen years ago that your
Company decided that unless it should thereafter appear
that it had been changed, it would be unsafe for it to make
further extensions of its railways, and that its policy should
be that which it has since pursued in fortifying its position
with reference to such conditions as it has been compelled
to contend with.
It was long ago held by the Supreme Court of the United
States that “ the charter of a railroad corporation is a con­
tract within the meaning of the contract clause of the Fed­
eral Constitution,” but for m any years the people of the
States to which we have referred apparently have failed to
give due consideration to the fact that each railroad com­
pany, before commencing the construction of its railroad,
entered into a contract with each State in which its road, or
any part thereof, is located, and that upon the faith of the
State so pledged the company expended a very large amount
of money in constructing and equipping its road.
One of the provisions in all such contracts is, in substance,
that the State will always permit, and the railroad company
shall always have, power to charge and collect reasonable
rates for transporting persons and property, and in all cases
at the time such contracts were made it was doubtless un­
derstood by both parties that the railway rates then con­
sidered reasonable should thereafter be so considered, unless
new conditions should arise under which the railroad com­
pany, by charging lower rates, could obtain a reasonable
aggregate compensation for the use of its capital and for its
services as a common carrier.
And especially as to all such contracts made twenty-five
or more years ago it was understood from their very nature
and object, as clearly as though it had been stated therein,
that the State, in providing for such public highways as rail­
roads are held to be, would cause no more of them to be con­
structed than it intended the people should support by pay­
ments for their use.
It was also understood that railroad companies would be
afforded such protection as is involved in the enforcement of
all laws, and especially the common law relative to common
carriers ; and that railroad property would be taxed on the
same basis, with reference to its actual value, as other prop­
erty is taxed. In these matters, as well as in many others,
the just expectations of railway companies have not been
realized.
A t the beginning of the last quarter of a century there
were in the United States 53,400 miles of railroad, or one mile
for each 722 inhabitants, and the rates for railway transpor­
tation were less than such rates were then, or at any time
since have been, in any other country in the world.
W ith the exception of those in the Eastern and Middle
States, three-fourths of the railroads in this country were
then earning no more, and m any of them less, than their
fixed charges. Under such conditions the people demanded
still lower rates, and a law was enacted by t h e ' Legislature
of Illinois, approved May 2, 1873, and similar laws have long
been in force in other States, which practically empower
railroad commissioners to limit railway rates at their
discretion.
An eminent writer upon the subject of railway manage­
ment, in an article published in the North Am erican Re­
view, in its April number, 1875, referring to this law, asserts
that “ the Illinois railroad law was ingeniously framed so as
to make those who were to use the railroads of Illinois the
final arbiters as to what it was reasonable they should pay
for such use.” More than tw enty years’ experience under
the law has proved the truth of the assertion.
This law practically affords absolute protection against
charges in excess of those declared reasonable by railway
commissioners, who are appointed by the people to guard
and protect their interests. But with reasonable rates the
people apparently are not satisfied, and they have long acted
upon a plan by which railway rates are reduced below such
as are declared reasonable by railway commissioners. This
plan reduces the price of railway transportation by increas­
ing its cost. It is based upon contracts made by the Staet

Fkbrcaby 22, 1896.]

THE CHRONICLE.

367

with persons who build railroads for the purpose of making way are less than such earnings were twenty-five years ago.
a profit for themselves while the roads are being constructed. It therefore appears in nearly all cases that tlie money
After the State lias caused the construction of as many contributed in the hope of saving such properties has been,
railroads as can be operated with economy, it contracts with in effect, contributed to enable the people to enforce railway
swell persons as we have referred to for such number of com­ service at less than its actual host.
It is difficult to ascertain precisely what the total reduction
peting roads as will, by the subdivision of traffic and by the
orders of its railroad commissioners, force at least a part of of railway rates during the last twenty-five years has been,
them to bankruptcy. With bankruptcy staring it in the but, approximately, in the Western States the average of
face a railroad company does what business men generally passenger rates was at least 50 per cent and the average of
do under similar circumstances. Ever hopeful, until the freight rates at least 100 per cent higher in 1870 than in
sheriff appears, that failure may be avoided, or, at least post­ 1895. In view of the fact that at all times during that pe­
poned, it borrows money until its credit is exhausted, and riod the average of operating expenses lias been equal to
sells transportation at any sacrifice to obtain money to meet from 65 to 75 per cent of the rates charged, it is easy to see
its maturing obligations; and by reason of the law which pro­ tliat such reduction of rates has. in the case of most roads,
hibits agreements with its competitors, by which expenses naturally led to bankruptcy. It is, however, but just to say
might be reduced, its progress to bankruptcy is accelerated. that so tar as we are advised, when railway commissioners
When bankruptcy- can no longer be postponed, the road have ordered rates reduced they have acted in accordance
passes to the hands of a receiver, who operates it until those with the imperative wishes of those by whom they are em­
at whose expense it was constructed can be induced to con­ ployed. Under such conditions the railway mileage of the
tribute such amount of money as is needed to effect a reor- country has been increased during the last quarter of a cent­
amzation, pay the floating debt and start it again on its ury 287 per cent, while during the same period the population
ownward way to bankruptcy. And thus its history is re­ of the country has increased, approximately, 78 per cent, and
still in many States there is a standing invitation to contract
peated.
That which we have above outlined lias been the experi­ for the construction of railroads under laws tliat require no
ence during the last twenty-five years of more than three- inquiry as to the use that can be made of them when com­
fourths of the railroad companies of the country, and, as to pleted, or at any time thereafter.
It is interesting to contrast the railway policy of this
many of them, it lias been several times repeated.
When a railroad company is struggling to avoid bank­ country with that of other countries. On page 20 of this
ruptcy its more fortunate competitors are compelled to report may be found a tabular statement, compiled from
make’ rates ruinously low to retain their traffic, and there­ consular and other ofiicial reports, in which is shown the
fore the plan of the people for obtaining cheap transporta­ total railway mileage, the number of miles of railway for
tion on all railroads is successful. The people, apparently, each 100 square miles of territory, the number of inhabitants
forgetting their contracts, attempt to justify such action for each mile of railway in eight of the prinoiml European
by saying that their object is commercial competition; but countries, in'the United’ States as a whole, and in each of
there can tie no commercial competition in the absence of forty-four States in the Union, which presents interesting
the right to sell what the competitor has to offer at what it eom|>arisons. For example, comparing Great Britain and
is worth in the market, or in tne absence of the right to de­ Ireland with Illinois, we find that the former, for each mile
cline to sell when the market price is not satisfactory. of railway, lias nearly 12 per cent more territory aud five
Commercial competition does exist among carriers on the times as many inhabitants as the latter.
Comparing Great Britain ami Ireland, Belgium, France,
oceans, lakes and rivers, although many of them are incor­
porated under State charters. They are permitted to sell Germany, Russia. Austria-Hungary. Italy and Spain with
transportation or to decline to sell it at tneir pleasure, and >the United States, we find that in the European countries
are not restricted as to their charges. There are good rea- ! named there is an average of 2,617, and in the United States
sons why such freedom of action cannot be permitted on only 880 inhabitants for each mile of railroad. In the Euro­
railways, but such reasons render commercial competition pean countries last named the total railway mileage re­
among them impossible. The result is not competition in ported is 127,678 miles, or about 71 per cent of that of the
the common acceptionof the term; it is strife which causes United States, and the total imputation is about 385,000,000.
The average rates for railway trans|iortation in Europe
evils without number and the confiscation of railway propare from 80 to 100 per cent higher, and the wages of railway
efty.
The railroad problem, of which so much is said, is what employees, on which the cost ol railway transportation
the people have made it, and it is not surprising tliat the largely depend*, are only about one-half of Uiose paid in
people find much in it that they would prefer to have the the country.
In the matter of governmental control of railway rates—
world believe is not the result of their own acts.
In pursuing its railway policy the State apparently has ! for example in France, where six of the seven railway sysnot considered whether it is consistent with its honor, after •terns are operated by corporations chartered by the State—
having contracted for the construction of railroads and the State reserves the right to limit the charges for trans­
authorized the issue and sale of securities based tliereon. to portation. but it guarantees the [iayment of the interest on
subsequently take such action as it has taken, thereby de­ the indebtedness of the corporations, and also a specified rate
stroying the value of such securities without compensating i of dividends on the railway shares. If the net earnings of
the persons who. relying upon its good faith, have purchased the mad are not sufficient for such |«iyments the deficit is
them. If the State decides that the public interest requires !«id from the national treasury. That the right of a govemit to destroy such rights as it has granted by contract. or to i merit to reduce railway rates involves the duty to protect
take or destroy private (iroperty of any kind, we presume railway oonrqianies from loss by reason of such reduction in
no one will deny its n^ht to do so by the exercise of its that or in some other way, is recognized in all European
power of eminent domain, and the payment of damages, countries.
judicially ascertained; but the <iestraction of private rights
The course pursued by the State of Illinois, relative to the
°r property without [iayment therefor is manifestly wrong. construction, ojieration and taxation of railways, mar be
There is a very numerous class of (icrsons, especially in considered a fair type of tliat pursued in all State* in which
the Western States, who profit greatly by reason of railroad railroads have been constructed with little or no cost to such
poverty, and the railroad policy of the people for manv years States or their inhabitants.
In 1837 the State of Illinois undertook the construction of
has been in a great degree shajied anrl promoted by them.
Such persons obtain advantages over their more conscien­ about 1.800 miles of railroad. It expended about $15,000,000,
tious competitors in trade by inducing impecunious railroad exhausted it* credit, and failed to complete any part of the
companies to secretly reduce railway rates in consideration proposed railways. For about ten years the State, with a
of their patronage, and they have long since learned tliat population of less than 500,000, was unable to pay the inter­
when the company yields to their solicitation, it is ever pov­ est on its debt, and very little progress was made in its de­
erty and not the will tliat consents. In the nature of such velopment. It then appealed to persons in the older States,
cases lawful rates would be insisted upon if the pressure of and made such contracts with them as we liave referred to
need were not too strong to be resisted.
under which such railroads ns were needed were constructed,
By reason of the course the people have pursued there are without expense to the State or its inhabitants. The benefits
four or five times as many competing railroads as are the people of Illinois have realized by the use of the railroads
needed, and only about one-fourth, consisting of those most then constructed are beyond the power of ooipputation.
advantageously located, and such as have superior facilit­ How unjustly the State lias dealt with those who manifested
ies, have for the last twenty-five years been able to earn their faith in’ its honor in the days of its adversity, is shown
dividends. The remaining three-fourths of the railroads by its subsequent railway history.
The laws of Illinois provide for the construction of rail­
for the greater part of that period have earned less than
their fixed charges ; and although hundreds of them have roads upon and across streets and common highways, sub­
been sold in bankruptcy, reorganized and repaired, very ject to certain conditions, but do not provide that a railroad
few, if any of them, have thereafter earned anv return company, after it has constructed its railroad in accordance
whatever for those who have contributed the cost thereof. with such conditions, may thereafter be required to recon­
Such contributions, aggregating many millions of dollars, struct it upon a different grade. If by reason of increased
have been marie with the hope that with an increased dev- travel on streets, or the establishment of new streets after
elofrtnunt of the country, and the consequent increase of the completion of a railroad, it becomes necessary to separate
traffic, the people would permit increased net earnings, by the grade of the railroad tracks and the grade of the streets,
which, at least, a pert of the cost of the roads might be it seems equitable that the cost thereof be divided between
saved; but although the expected development of the the people and the railroad companies, so that each shall
country ami the increased amount of traffic have been pay in proportion to the benefits it is to derive from the
realized, the States have continued to contract for railways expenditure. In many States a division of cost in such cases
to subdivide the traffic, and railway commissioners have is required by statute, and although there is no such statute
continued to reduce railway rates to such extent that in in Illinois, the equity of dividing the cost, as for example in
many parts of the country the net earnings per mile of rail­ the construction of viaducts in Chicago, ha* for many years

S

368

THE CHRONICLE.

[VOL. IjAU,

until recently been recognized and acted upon. Recently
The experience of the last quarter of a century has de­
public sentiment lias changed, and now the city of Chicago monstrated that the power of the people over railroad prop­
demands that railway companies shall elevate their tracks erty is practically without restraint, and, necessarily, they
S) that the streets of the city may pass under them, and look upon railway matters through tiie medium of selfthat the total cost thereof shall "be paid by the railroad c o m -1interest. Whatever may be said o f their intentions, the
panics. The citv declares that if necessary it will compel a result of popular control of railways has long been, in most
compliance with its demands by coercive measures which cases, either total or partial confiscation.
will impose burdens upon railroad companies more than
It is difficult for us to understand why the rights o f those
equal to the interest on the cost, of elevating the tracks.
at whose expense railroads are constructed are not as justly
All property in Illinois, except railroads, was assessed^for entitled to protection by State and Federal laws as the rights
taxation in 1877 at a valuation of $892,880,972, and in 1895 at of those who use them; but apparently the people are as
a valuation of §758,869.082—decrease in valuation in nineteen confident that they have the right to demand and enforce
years, §138,511,890, or about 15J-.< per cent. With the excep­ railway service upon such terms as may be in accordance
tion of railways, the actual increase in the value of all kinds with their will and pleasure as ever men were o f tlieir right
of property in the State during that period has been very to demand and enforce services on like terms from persons
great. The railroad property of the State was assessed at a who were subject to their power.
valuation of §37,141,180 in 1877 and at a valuation of §79,Unless popular sentiment in this country shall so change
231,164 in 1895. The increased railway mileage during that as to practically recognize the principle—as it is recognized
period is 47 per cent ; the increased net earnings a fraction in other countries—that railway control by the State in the
hss than 40 per c e n t; and while, as before stated, the assess­ interest o f the people involves the duty of the State to pro­
ment of all other property in the State has been reduced 15
tect the just rights of those at whose expense railways are
ptr pent, the assessment of railroad property has been in- constructed and operated, we see no reason why we may not
ot eased 113*56 per cent. W e are unable to state the total expect the railroad history of the last qnarter o f a century
amount of taxes paid by railroad companies in Illinois in to repeat itself.
1895, but the amount paid in 1894 is $3,846,378 87, which is
By order of the Board.
T. B. BLACKSTONE,
equal to 77-43 per cent of the total amount of dividends
President.
earned in that State by all railroad companies operating
railroads therein.
The Twentv-fourth Annual Report of the Railroad Com­ STATEMENT OF KAILWAY MILEAGE IN TIIE PRINCIPAL EUROPEAN
missioners of Illinois, the last published, is for the year
COUNTRIES AND IN THE UNITED STATES.
ending June 30, 1894. From it we derive the following Compiled from Consular and other Official R eports published in 1895.
facts: Excluding railroad companies having less than 3 per
2tiles o f RR.
cent of their mileage in Illinois, the report shows that nine
T/itsil
Total vn-ilee
miles p e r 100 sq. Inhabitants
COUNTRIES.
companies operating railroads therein paid dividends, the
m iles o f
p er m He
Of
total amount of which is equal to an average of 4-92 per cent on
Railroad.
Territory. o f Railroad.
their shares. The report states that thirty-six companies R ussia....................................
. . . 19,622
0*936
4,878
7*678
3,650
operating railroads in the State failed to earn as much as I ra ly ........................................ .. . 8,496
Spain.......................................
...
6,769
3-486
2,544
their fixed charges and that the total deficit of such com­ A
ustria-H ungary.................
7*313
2,254
panies is §6,687,875. The report does not state the total Great Britain and Ireland. .. . 20,321
16*778
1,938
. . . 27,451
13*084
amount of dividends earned in Illinois, but by dividing the Germ any...............................
1,835
. . . 3,379
elgium .................................
29*710
1.835
amount paid by the nine companies referred to in proportion B
.. . 24,014
11*229
F rance....................................
1,438
to their mileage in the States in which tlieir roads are oper­ United States....................... ...1 7 8 ,7 0 8
6*020
380
ated. it appears that their earnings in Illinois, applicable Rhode Islan d ........................
226
20*840
1 650
26-350
1,140
to dividends, amounted to §4,967,615. It would therefore Massachusetts...................... . . . 2,118
...
1,291
aryland...............................
13*090
872
appear that the railroads of Illinois, considered as a whole, M
.. .
8.002
New Y ork ..............................
16-950
803
earned §1,720,260 less than their total fixed charges, but the Connecticut.........................
.. .
1,013
20*910
795
28-910
723
total deficit is evidently much greater, for it appears that New Jersey................... ........ . .. 2,155
.. .
3,021
7*550
664
the debit balances of the thirty-six companies referred to
.. .
3,065
7*340
622
were increased $12,978,355, and if we take into account the
. . . 9,563
592
21*330
depreciation in the physical condition of the roads, which is
. . . 2,050
4*520
589
318
16*210
573
not reported, but which alway takes place under such cir­ Delaware.
... 2,478
562
5*250
cumstances, it is safe to say that the actual total deficit of
. ..
3,432
7*070
509
the Illinois railroads in that year was at least §20,000,000.
V irginia..
... 3,564
8*880
502
...
2,584
8*570
480
The report embraces the last four months of the period in South Cai
. ..
1,510
aine___
5*050
472
which the Columbian Exposition was held at Chicago. It M
.. .
8,547
20-970
464
O hio........
shows that 83,281,650 passengers were transported in Illinois M issouri..
...
6,463
445
9*460
. . . 3.708
440
by the railroads during the year ; that the average distance Alabama.
7*200
. ..
1,936
7*850
421
traveled in the State by each passenger was 26-84"miles, and
.. . 10,430
18*680
395
the average fare paid for that distance was 8-24 cents less Georgia
. . . 5,102
..........
8*650
388
than the average cost of the carriage. The total loss by pas­ Indiana.................
...
6,326
17*620
374
988
10*810
363
senger traffic on the railroads in Illinois in that year amounts, V erm ont............. .
...
1,191
New
Hampshire.
13*230
341
in round numbers, to §5,000,000.
6,022
302
W isconsin.............
11*060
By the transportation of freight of all kinds the report M ichigan..............
. . . 7,633
13-290
296
. . . 4,861
3*120
269
shows an average gain of less than 3 mills per ton per mile, California............
.
..
2,467
Arkansa
j..............
4-650
268
but the general result of the year’s traffic was a loss, approx­ Texas....................
. .. 9,264
3*530
261
imately, §20,000,000, as before stated.
...
8,477
15*280
243
Iow a......................
.
.
.
6,009
7*590
234
Notwithstanding the official report of the Commissioners Minnesota.............
.
.
.
1,529
221
1-620
Oregon.................
shows that the railroads of Illinois, considered as a whole, Nebraska.............
7*210
206
were serving their patrons at rates which were less than the Kansas.................
. ..
8,841
10*820
174
actual cost of the service, the publication o f the report was F lorida.................
. . . 2,927
144
5-400
...
2,811
134
4*200
soon followed by an order of the Commission requiring all W ashington.........
. . . 2,799
3*640
126
Dakota—
of the railroad companies in the State to reduce their rates South
... 4,530
4*370
98
Colorado...............
for transporting freight, in conformity with a new schedule Idaho....................
. .. 1,088
1*290
83
. . . 2,516
3*580
77
and classification which has been in force since the first day North D a k o ta ....
. ..
1,160
1*190
56
of July last. The order does not require passenger rates to W yoming..............
925
53
0-840
Nevada.................
be reduced.
.. . 2,735
52
1-880
M ontana...............
Orders by Railway Commissioners requiring a reduction
of railway rates, under such circumstances as are above
referred to, speak for themselves; but they are apparently
consistent with the general policy of popular control o f rail­
N O R T H E R N C E N T R A L R A I L W A Y C O.
way affairs, as it is manifested by the imposition of exces­
sive taxes and other burdens upon railways, the authoriza­
tion of excessive railway construction, and by other means FORTY-FIRST ANNUAL REPORT—FOR THE Y EA R
employed for reducing railway rates.
ENDING DECEMBER 31, 1895.
A fraction of a cent in railway rates is, comparatively, of
little consequence to each railway patron, but with the railroad company it is multiplied many times, and it measures
O f f ic e o f N o r t h e r n C e n t r a l R a i l w a y C o m p a n y , )
the difference between a reasonable profit and the ability to
B a l t i m o r e , February 17th, 1896.
J
render good service on the one hand, and loss and inability To the Stockholders o f the Northern Central Railway Co :
to render such service on the other.
The Directors respectfully submit the following report of
If the time shall come when every railroad company in
this country shall have reason to feel that it is justly treated, the operations of the main line and of the railroads now
and that it is possible for it, by lawful service, to ward off operated under lease or otherwise by this Company for the
impending bankruptcy, the temptation to unjustly discrim­ the year ending December 31st, 1895.
inate by secret rates and oilier unlawful practices will be
EARNINGS.
mainly removed, and we may expect a rivalry among rail­ From freight........................................... $1,910,585 16
“
passengers..................................................
1,133,453 97
roads prompted by their own interest in which each will
“
ex press...................................................
1 2 1,88 108
strive to outdo the other in safely and promptly transporting
“
m ails............................................................
93,089 14
persons and property, and in the excellence o f their accom­
“
m iscellaneous............................................
217,018 51
modations and service. But for such rivalry a just and rea­
sonable support is an indispensable prerequisite
Total earnings
$6,506,027 86

THE CJIUONKJLE.

FebroarT 23, 1898,J

Brought forw a rd ............................... - .......................... ..............$0,709,037 ,85
expenses.

F or m aintenance o f w ay ami stru ctu res.. $873,317 02
•* m ituteu n ice o f equ ipm ent........ .......
96 1,1s i 3s
•• oon lu itln -i trail"portation................... 2,637,097 01
general ex p en ses...................................
I 2 i ,9 l 9 64
Total expenses...................... ............................................
Net earnings............... .............

1,5 03,5lli 03

........................ .............$ 1,907,503 73

T he f?ros-5 earning* from operation o f the Northern
Central Railway and raitronti controlled by it, for
the year ending December 3 1 ,1 3 9 5 , w ere.......... .
. . . 30,506.027 36
A n d & the precious y e a r............................................... ..
6,031,360 69

Showing an Increase in gross earnings of................
The expenses for the same p ertoi were................. ........
A n d for the previous y e a r.............................................—

*174.<67 17
3 1,593,519 o l
4,234.116 43

in expense* o f .............................

Showing an increase

The net earning* for the same period w e r e ,................
A nd fo r the previous .y e a r............................................... .

3361,402 60
*1.907.503 7s
1,197.114 21

Showing an increase in net earmugsof...................

*110.364 57

IS C O 'IE ACCOUNT.

369

The amount o f grain raasiva.l at the losal elevator, No. 3,
in the city o f Baltimore during the year was 1,703,828
bushels, as’against 1.780,312 bushels in 1894.
The main items o f tonnage besides coal and grain were
lumber, iron ore, manufactures o f iron and petroleum.
The tonnage mileage shows an increase o f 17-33 per cent,
but the gross receipts from freight traffic an increase o f only
9■•is per cent.
The average receipts from freight on your main line,
leased lines and branches, were -561 cent per ton per mile—
a decrease of -041; the cost per ton per mile was ‘898 cent, a
decrease of -039 cent; and the net profit per toil per mile
was 1*03 mills, as against 1*75 mills for 1894.
The passenger business for the year and the revenue re­
ceived therefrom show a very slight increase, only about a
half o f one per cent. As appears from the preceding tables,
there was a net profit per passenger per mile of but. '41 mill,
as compared with a profit in 1894 of 1-58 mills.
It will be noted that the increased earnings were largely
absorbed by an increase in expenses, mainly in the depart­
ments o f Maintenance o f W ay and Conducting Transporta­
tion. the result to a material extent of the increased traffic
passing over the line.
The net charges to Capital Account for the year amounted
to but $9,196 30. made up as follows :—

In addition to the net earnings as ab ove stated...............3 1.907,503 78
295,539 t>0
There was received from dividends and interest ............
Interest account, exchange. A c ...................... ...........
....
7.367 81
E q u if a e n t .
Interest on ctu lprncu t..... .......................................................
27.319 71
P roportion o f loss In operating Kiunr< and Canandaigua
On account o f 250 gondola oxra being bu ilt.........$12,250 50
divisions received from Pennsylvania Railroad C o ...
127,134 43
R eal Estate.

Total net receipts ............................................ ................12,3«H,8W »?8
From whichtCedittt the follow in g amount s:
Rental Shamokln V alley A PottsVHie
Railroad...................................................
i8202,322 1l
Rental Elmira A Williamsport Railroad
155,531 71
62,499 96
Rental Summit Branch Railroad -------

Railroad ................................. 71 .531 2 1

Elmira A Williamsport RR— It,146 26
Elmira * Lake Ontario Bit. . .16,937 33

------------- 35.642 33

----------------

435.OT011
$1,909,903 64

D educt —
Interest on funde t debt .. ..................
Interest on real estate m ortgages and
g round -renra..................... ............
Interest Oh car trust*............ .................
T a te s ...................
Expenses on p ro p e rty .... ____ ... .. .
Am ount advanced Mineral u r a Mining
Co. for losses in operation 111 1395 . . . . .
Am ount advanced to Elmira & Lake On­
tario RR Co
F or late eat .......... .............. $35,031 74
F or taxes, e t c ................ . 33.U65 «
----------------

*767,235 06
20,879 94
I W173 02
09 ,261 59
88,232 59
173,000 00

48 ,0 0 7 1 9
---------------------Balance to credit o f incom e Aeeouat for 1$95 _____ . . . .
O ut o f which were paid eaah dividend* o f 7 per cent . . .

1,230.779 32
$671,4 24 32
528,207 00

Leaving amount to he Iran starter! to crestit o f Profit ami
Los* A ccount for HU5
..............................................
Am ount to credit Protitand Lo*- Aor stool,

$131,857 32

December 31. l i u i ............... .
Lens aiuonnt charged In settle

. $1,734.732 95

ment o f old accoun t . . . . . . .
* 1,2 15 00
Less reduction in vain*; o f *»OBrithw............. ................. .. . 111,000 0*>

----- -------

1 ts,3 1 5 <a>
---------------------- 1,592,537 !I5

Bat. to credit o f Profit and L o ,. Am- mnt. Her. 31, 1895. f 1,74 1,393 2T

The total n u m b e r o f p iw n g ers, irrespective o f the d i v i ­
sion over which they wore carried, the passenger mileage,
a n d the revenue derived from the same, on nil lines o f the
com p a n y , w ere :
M
p*r
VitAAenger*
B am m m r
t’a u e n g t n .
one mile.
p rr m M
Barmina**
1*9 5............. -------4.112.326
51,931.215
*1.133.453 07
2 *10*2
11 94............. -------4,120.905
51,692,311
1.127.050 32
2-1*1
,
Increase ....
258.971
$3,797 65
00j
. ...
17,379
Prrriutnpr .........
42
•50
•51
•05
Tils' t o t a l n u m b e r o f terns, ir r e s p e c t iv e o f t h e d iv is io n o v e r

which they were moved, and tonnage mileage, and the reve­
nue d e r iv e d from the same, on all tines o f the C o m p a n y ,
w ere:
*»*2*.*.
1995 ......... .. 13.805,193
1 * 9 4 ..................12,009.919
In crease........ 1,390.511
Decrease . .....
............

Percentage...

13-395

Ton* one mile.
975,681,749
748,329,510
129,353.239
17-332

Earning*.

84.910,585 18
4,489,403 22
*1 2 1 ,1 2 1 9 1
: ...........
9-380

K a le p r r to n
p e r m ite .

•361
-002

.........
(HI
O SH

The aggregate movement of bituminous coal was 8.720,316
»** increase of 721,395 tons, and o f anthracite coal
4,29 >,774 tons, an increase of 299.981 tons. The tonnage of
noth classes amounted to 7.013,990 tons as against 3,904,614
tons for the preceding year, being an increase o f 1.921.376
tons in the actual aggregate of coal transported, irrespective
of the number of divisions over which it was moved.
The amount o f grain received at the elevators at Canton,
as compared with the previous year, w as:
1 895

1891

An ineiri%s€ of.

Lew amount credited for sales of p operty in
Baltimore, fo r k and S b a m o k in ...........................
T ota l................................ ......... ............................

*48 0,38 3*1

Interest on Equipment.
Shamoltia Vatley A PoUavilie

P roperty purchased in B altim ore and other
jxiinta.........................................................................

6,005,937 bushel*.
5,726, Hlft

0,928 02
-------------- $22,178 52
12,982 32
$9,196 20

Extensive repairs were made to Elevator No. 1; the bins in
Elevator No. 3. at Canton, were renewed, and a frame ware­
house built for storage purposes at Jackson's wharf in
Baltimore.
The enlarged interlocking plant at Baltimore and Potomac
Junction has been completed and put into operation, and
also the interlocking apparatus covering the grade crossing
of the Belt Railroad over the Bolton tracks.
Large expenditures have been made in renewal o f bridges
and trestles at various points on your lines. In this connec­
tion a largo amount o f work was done at Pine Valley, on the
Elmira & Canandaigua Division, where a wooden trestle
1,163 feet long was replaced by an embankment, two irongirder bridges spanning public highways and a stone arch
ov er the stream. This improvement necessitated a consid­
erable expenditure u p o n this Division, in addition to which
a further outlay was required in the renewal o f the coal
trestles and pockets at Sodu* Point.
There was a net increase in the Company sidings o f about
two miles, principally at Baltimore, York Southport Yard
and Canandaigua, and an increase o f half a mile in private
sidings. There was an increase of -8-1 of a mile in third and
fourth tracks on the Baltimore Division.
There were 6.632 tons of new steel and 247,570 ties used for
renewal and construction purposes. The condition o f the
motive power and passenger equipment is about the same as
in the previous year. Eighty-six gondolas were added to the
freight equipment and 123 cars rebuilt.
During the past, year the advance* to the Mineral Railroad
& Mining Company amounted to $173,000, which were
charged against Income Account. The operations of this
Company are fairly representative of the unfavorable con­
ditions prevailing in the anthracite coal traffic.
The amount of bonds outstanding under your Consolid­
ated General Mortgage was reduced through the operations
of the Sinking Fund by the drawing o f $122,000 of Series A
and B. July 1st, 1893.
The 6 per cent bonds o f the Union Railroad Company o f
Baltimore, amounting to $900,000, having matured January
1st, 1895, were paid off, and capital stock o f that Company
issued in lieu thereof.
Dividends amounting to 7 per cent were paid during the
year, and a fair surplus carried to the credit- of Profit and
Loss.
Mr. George V. Massey w h s appointed Assistant General
Solicitor August Kt. 1(6)3, vice llot). James A. Logan, who
had become General Solicitor in the early part o f the year.
Mr. Almet E. Reed was appointed Superintendent of the
Sliamokin Division October 1st, 1893. to till the vacancy
caused by the transfer o f Mr. George W. Creighton to the
main line of the Pennsylvania Railroad Company.
Mr. Thomas Lett) having resigned as Cashier April 15th,
1893. Mr. F. P. Whitcraft was appointed to fill the vacancy.
The following statements o f tin- Treasurer accompany this
report:
Income Account, General Financial Statement,
Profit and Loss Account 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 reports o f the General Manager and A u­
ditor, showing in detail the operations of the year.
The Board takes great pleasure in acknowledging the zeal
and fidelity shown by the officers and employe* in the dis­
charge of their duties during the past year.
By order of the Board o f Directors.
G. B. ROBERTS. President.

THE CHRONICLE.

370

[V ol .

Lxn.

ing 1895, beyond requirements for specific customers. There
has, however, beernan increasing demand in the part of the
TH E EDISON E L E C T R I C ILLUMI N A T I N G
City between Canal and 8th Street, and the growing re­
quirements of business here and elsewhere have necessitated
C O M P A N Y OF NEW YORK.
some extension of feeders as well as mains.
It is not expected during the year 1896 to make large de­
ANNUAL REPORT FOR THE YEAR ENDING DECEM­ velopments
either in station equipment or in underground
BER 81, 1895.
service, but the company will be prepared to make such ad­
d ition s and extensions as may be justified by actual de­
mands.
New Y ork , Feb. 11, 1896.
Under a contract with the City. Madison Avenue, from
l o the Shareholders o f the Edison Electric Illuminating Co. 59th to 79th Streets, will be lighted by the company on the
o f N. Y.:
system developed for Fifth Avenue.
In presenting the figures (or the past year, ihe Directors
During the year your Directors have caused to be pur­
have to note a continued increase iu the business and pros­ chased and paid for all the securities of the Madison Square
perity of the company.
Light Company—known previously as the Thomson-Houston
The m u lls for the year ending December 31, 1895, are:
and originally as the East River Electric Light Company—
Station earnings w ere.............................................................. IS
and have extended the purchases o f Manhattan and Harlem
Operating expenses, including repairs and r e n e w a ls...
541,O ol 27
Companies’ bonds, so that only §64,000 in bonds now remain
outside of this company’s possession. This will enable the
Net earnings o f stations.................................................. $1,003,771 51
Earnings from other sources.................................................
18,955 46 practical consolidation of these several companies, with in­
Incom e reooived from in v estm en ts.....................................
111,453 21 creased economies, as a high-tension division of this com­
This investment is showing a good in­
$1,134,180 18 pany’s operations.
Less general, otlico, technical & legal expenses & taxes.
218,421 44 come which is partially included in the report of your own
business under the head “ Income from investments. ’ It is
Net earnings o f C om pany............................................... $915,758 74
expected in 1896 to make such reorganization and develop­
N o t e —Interest on Bonds..................................... $268,55000
ment of these companies as will add to your company’s in
Dividends................................................. 476,20950
come from investments in their securities.
$744,759 50
A t the time of the last annual report your Directors were
giving their attention to the formulation of a comprehenThe returns c f the business since 1890 have been:
si ve financial scheme to provide for the profitable extension
Gross
^ c t/»
1 8 9 0 ................................................................ $488,595 83
229,078 80of your company’s plant, from year to year, in accordance
1 8 9 1 ...................................................................
675,505 43
347,228 63
with legitimate business requirements. As a result, a spec­
1892 .................................................................
963,02125
475,137 61
ial meeting of the stockholders was called for May 1st, 1895,
1 8 9 3 ................................................................ 1,245,524 87
605,642 72
1 3 9 4 ................................................................... 1,4 64,336 44
789,466 58and prior thereto a circular embodying the views of the
1895 .................................................................. 1,675,231 45
915,758 74Directors was issued. The following is an extract there­
1891.
1892.
1893.
1894.
1895. from:
No.
No.
No.
No.

Of custom ers.............. 2,875
ofla m p s, 16 c. p ........ 94,485
2,000
of motors, h. p ..........
aro lights.....................
841

4,344
142,492
3,807
1,637

5,154
5,877 6,675
192,691 234,494 271,123
5,529
7,616 12,046
2,538
3,014 3,424

Estimating as heretofore, that each arc light and each
k. p. in motors equals ten 16 c. p. lamps, the present
installation is equal to 425,833 lamps, as against 340,794
last year. As the results of a new rating agreed upon
by the larger Edison companies, and of a general sur­
vey made in 1895, a new basts of accounting will be adopted
from January 1, 1896, as stated in the report of the First
Vice-President.
The above figures show an increase in gross earnings
of 141.? per cent and in net earnings of 16 per cent, the
ratio of net to gross being 54% per cent, a slight advance
over last year. The gross earnings of the last quarter
of 1895 show less percentage of increase than heretofore,
partly because of the unusual amount of clear weather dur­
ing that period as compared with the same period during
the previous year and partly owing to the general depres­
sion of business in the latter part of the year. A careful
investigation has been made as to the use of improved meth­
ods of gas-burning, but these do not appear to have made
serious inroads upon the company’s business or development.
The concentration in large stations and other economies
of operation have shown results in a steadily decreasing
cost of current as delivered at the switchboard.
Most careful and thorough investigations and computa­
tions were made in the latter part of the year as to tlie
superior economy of taking a supply o f current from the
central stations instead of from isolated plants, and as a
result the. Bowling Green building, covering an area of
200x160 feet, now in course of erection on Broadway, New
York, after having contracted for an isolated plant, has
canceled the contract and arranged with this company to
supply current, the difficulties of extreme distance from the
station being met by the use of a storage battery, which will
be economically charged during the hours of minimum
demand upon the station and street conductors.
The second 2,500 h. p. generator is now installed in the
Duane Street Station, which thus for the first time has
adequate surplus power.
The new 12th Street Station has been erected, and is in
process of equipment. Daring the year arrangements were
made in Europe for the purchase of two steam turbine gen­
erators, which promise valuable results in connection with
electric stations. One of these is being installed at 12th
Street and one at 39th Street stations. They have the ad­
vantage of furnishing a large amount o f power in small
space
A large storage battery is also being installed at the' 12th
Street Station, which is expected to have important results
in the economies of the company.
The system of connecting the'several stations by tie-feed­
ers which can be utilized, by the new device of a controllable
junction box, so as to serve also as Supply-feeders, has been
earned forward with increasingly good results in the econ­
omies of the service.
r o a l ^ lp of suc.h improvements it was possible to disconstrive tVo'?R,matloV ° ‘ J hc 39th Street Station entirely durpersons and property, i ’
*s h°Pe(l with the aid of the
modations and service.'e, . ' ~ <: , e r s confine active operatsonable support is an indis^ft^^f suinmer of 1896.
been hut little extended dur­

During tlie past years the com pan y lias been necessarily extending
its plaut to em brace tlie m ost profitable sections o f the City. Tnis
work has now been largely accom plished, and it is n ot expected that
in the early future the com pany w ill find advantage in extending
berond present territorial lim its, but it is m ore and m ore
evident to your D irectors that valuable opportunities exist for further
developm ent within these limits, and that in tlie future, as in the past,
and even in m ore marked degree, such developm ent w ill yield a stead­
ily augmenting ratio o f return on the capital invested.
Since the last annual report your Board o f D irectors have given
careful consideration to the question of future developm ent, and it
seems to them that a p oint lias now been reached where tlie com ­
pany should adopt some com prehensive financial scheme w hich, while
surrounded with every safeguard, shall provide for the legitim ate re­
quirements o f the com pany for a series o f years to com e, and at the
same time leave the largest possible m argin of profit for the cap ital
stock.
Tlie result of these deliberations is th it the D irectors have deter­
mined to ask the stockholders, in accordance with the enclosed notice,
to authorize the creation of a m ortgage under which bonds can he is­
sued from time to time, possibly in connection with future issues o f
stock, as the needs o f the com pany m ay require.
The law under w hich your com pany is organized provides that the
bonded indebtedness o f the com pany shall n ot exoeed the am ount o f
its outstanding, paid-up capital stock, or an am ount equaling tw othirds of the value o f the com pany’ s property in the event o f such
two-thirds exceed ng the com pany’s capital stock. This ju st requ ire­
m ent w ould prevent ill any case an im mediate issue o f any unduly
large amount o f bonds, but it has heen thought desirable, iu arranging
for a new m ortgage, to make the am ount named in the m ortgage large
enough to p rovide for future contingencies. It is therefore proposed
that the m ortgage shall be fo r the sum o f $15,000,000.
Of the bonds secured by the proposed m ortgage—
$4,312,000 are t o he reserved to pay off at, or before, m aturity, th e
existing M ortgage Bonds o f the Illum inating Company.
502,000 are to be reserved to p ay off the existing M ortgage Bonds
o f the M anhattan Eleotric L ight Company and the Harlem
E lectric L ight Company oilier than $573,000 M anhattan
and Harlem Bonds r ecen tly acquired b y this com pany, and
which w ill he pledged under the new m ortgage.
1.686.000 are to he used to reimburse the com pan y fo r outlays re­
cently made fo r the final paym ent on its purchases o f stocks
and bonds o f the Manhattan and o f the H arlem Companies,
and to provide funds for the construction requirements o f
the companies during the present year.
8.500.000 bonds will remain in the Treasury fo r future use.
The m ortgage w ill provide that none of these last-m en­
tioned bonds shall he issued before January 1st, 1896, but
that they m ay be issued from time to time thereafter, for the
purpose of new construction and acquisition, to an exten t
not exceeding $1 ,00 0,(0 0 in a n y on e year, but with a restric­
tion that the' entire bonded debt o f this and the previous
issues shall at no time exceed the am ount o f outstanding
paid-up capital stock. It w ill also contain carefully drawn
provisions regulating the use of these reserved bonds.
$15,000,000 T o t a l .

At tills meeting tlie proposed mortgage was unanimously
authorized by the vote of all stockholders present or repre­
sented, and tlie necessary steps to give effect to such
authority have been duly taken. During the year $.2,118,000
bonds, secured by the new mortgage, have been issued and
disposed of, viz.:
§1,686,000 immediately issuable as above.
432,000 used to acquire a like amount of Manhattan &
Harlem bonds which were outstanding at the
time of the creation of the mortgage (part of the
§502,000 above noted).
The Balance Sheet and Statement of Income Account are
appended. In accordance with their usual policy, after
paying 6 per cent in Dividends, your Directors have carried
§100,000 to the Depreciation Reserve Fund.
It has been the practice of this company for some years to
pay its employees at the close o f the year, in recognition of

F ebSDa ry 23, 1806,]

THE CHRONICLE,

371

their fidelity and to stimulate good work and economy in
'£ \ u C a m itxercial I 't m e s ,
the year to come, a labor benefit amounting to from 1 to 3
per cent on yearly wages, according to length of service
with the company. Instead o f paying this as wages your
COMMERCIAL
EPITOME.
Directors have this year set aside, to cover this payment in
Friday Night, February 21,1896,
1893, $10,000, leaving a small balance in the employes benefit
The movement of general merchandise is increasing, but in
account which will be useful in the same direction.
Attention is called to the report of the First Vice-Presi­ a very slow manner and exceedingly cautious methods still
dent, presented herewith.
govern the action of operators. The desire appears to be to
Your directors record with sorrow the loss by death dur­
ing the year o f their valued associate. Mr. Geo. F. Gregory, |avoid all obligations beyond the limit of positive necessities
who during his brief term o f service had given careful and and coniine selections closely to thoroughly .staple goods.
Unusually low temperature prevailing during a portion of
valuable attention to your interests.
the week ha* served as an influence to curtail trade some­
Bv order o f the Board o f Directors.
SPENCER TRASK.
what, and it is expected that with more settled weather
President i eountrv merchants will order supplies with grea'er freedom.
Collections are reported as somewhat slow. A steady tone is
i n c o m e a c c o u n t y e a r e n d i n g D e c e m b e r 3 i . 1895.
advised for metals and increased negotiation for structural
productions of iron and steel. Very low temperature over a
Dr.
Dividend* paid 1 8 9 5 large portion of winter-wheat territory serves to create
*119,050 50 apprehension of damage to crop, but late advices state that
M i f i ......................................................
119.050 50
Aaeust l ....................... .................. ......
119,053 50 situation does not necessarily imply serious injury if good
N o v e m b e r !............................................
119.055 00 weather follows.
Due F&b. I , 1 3 8 9 ................................
For lard on the spot there has continued a very slow market
*470.209 50
288.550 00 and prices have further declined.'closing dull at 5'72i£o. for
Interest on bon ds.............................. - ................
33.0V1 -10 prime Western, 5-10c. for prime City and 5'9i)c. for refined for
Bad accounts written ott..........
......... . . . . .
100,010 00 the Continent.
Depreciation Reserve Fund............... .............
There has been no sp culative dealings in the
10.000 00
E m ploves' Benefit A ccou n t...............................
forlard futures, but nominal prices have
72,018 81 localmarket
B alan ce............... .......... . ....... . . . . --------- -—
been quoted lower in response to weaker advices from the
1959,780 51 West, clewing easy.
T ota l............ ....................... ..........................
Or.
oAinr closing priors or labs fbtusrs.
*84,868 60 :
Balance Dec. 31. 1894................... ..........

j

Leas adjustment o f account* previous year*

10,64,6 83 .

Sat.

Men,

Ttus.

Wed.

Thur,

Frt.

May.......„ t ............ 0.
5-95 5-S7
5 87 ,5-85 5 87 5'BO
Tne demand for pork has been very limited and prices have
weakened slightly, closing at $10 25@$10 75 for mess, $ll«g
T o ta l,........................................... ............................................ 89*9,780 51 j $12 50 for short clear and $10 75@$tl T o r family. Cut meats
have had very little call, nut prices have held fairly steady,
CONDENSED BALANCE SHEET DECEMBER 31, 1899,
closing at5i|;<f.*>7gc.
for pickledbellies, 13010 pounds
for pickled shoulders and
for
*3,139,000 00 ! average,
License under Edison. Patent*— . . . . . . . .
Real Estate. Construction, Proper y and
pickl-d hams. Beef has been quiet but steady, closing
oth r iBveU iueu: A ccou n ts............... . *0,912,650 07
«t 67 5f'<ti$8 50 for extra mess, $9 00**10 00 for packet,
12,164 Snares Edison Light & Pow er
*10 00@$12 00 for family and $14 00©$17 50 for extra
1,216,490 00
M s a B s U o a Q ).............. ................... . . . .
U A 2 ‘ ,0 * 0 0 7 India mesa in tierce*.
Beef bams have been steady a t*15 50.
130,36101 | A fairly large business has been transacted in tallow at
Cu»tora<r»' Are-mote and BUD R eceivable........................
Sundry A ccounts and Supplies on band--------------- ...
106.412 3 3 :
Cash on lutnd.............................................. ..............................
038,083 89 J steady prim-, closing with sales at 3 13-1(53. Oleo-stearine
has been without change at 5c, Lard stearins has been
*15.110,842 IS steady, closing at 6*-£{<t8-'jc. Cotton-seed oil has further de­
Total.
Or.
clined, closing at 21(§21Sfc. for prime crude and 37*£o, for
...* 1 0 ,0 0 0 ,0 0 0 00
Capital Stock..........
prime summer yellow. Butter has been in good d »tn tod and
Less Trex. ury stock
... 2 ,002,000 00
#73138,000 00 firmer, closing at 18@21c, for creamery. Cheese has sold
First Mtge, Conv. G old Bonds.
. . . *5,000,000 00
fairly at firm prlc-s closing at 8<§l0;\£c, for State factory full
Less Bonds C onverted....... .
OSS,000 00
cream. Fresh egg* have declined, but the close was moder­
4.312.000 00 I
First C onsol'd Sturt*a«e G old B o n d s............... .................
2.118.000 00 . ately active and steady at Ui@l3H'e, for choice Western.
A ccounts payable................... .................................................
80.293 55 i Coffee attract* only moderate careful demand from con­
Dividend No. 43, (due Feb. S. 1396) ...................................
119,685 00 sumers and general business is of irregular character. Hold-rs
82,000 0 0 !
Suspense Account tuoscitlcd llcensei..................................
Accrued Inter.-,t A ccou nt.............................................. .......
71,866 63 j offer supplies carefully, but accept ail full bid* readily. Rio
Insurance , reet-vc..................................................................
15.339 73 quoted at 13>^c for’ No. 7, good oucuta 16c. and standard
Employee* Benefit A cco u n t...................................................
2,000 06 Java 33'4-85>jC. Speculation in contract* for future delivery
Bun ry A ccounts.......... .. . . . ......................................... .
20,608 96 :
Depreciation Reserve F u n d.................................................
2W).521 57 has been in fair volume hut with irregular tone, the close
Profit and Loss..........................................................................
72,016 61 showing tendency towards lower prices, due to weaker Eu­
ropean advices, accompanied by selling orders.
Total
#15,110,8-12 15
The following were the final asking prices:
K. & O . E.
JOS, WILLIAMS,
Pen.................12-floe, : M ay...,.......... 12-one. |\ug.„. ....... 11-I0o.
N e w Y ork , December 31»t, 1895.
Treasurer.
M arco .............12-MOe. ! June ........................................ *11*7.5*. -iepr.i n-soc
April..............12-250. 1July............................................U-SOc. I Oct.I0-75C
Raw sugars remained under goal control and found excel­
—The New York agent of th •Hong Kong & Shanghai Bank­
ing Corporation has received a telegram from the head office lent demand, the amounts allowed to come under negotia­
in Hong Kong stating as the result of the half-year ending tions selling promptly u higher rates. Centrifugal (jutted at
the Slat Decsmner U-t that a dividend ha* been declared of 41 ic . for 96-degrees test and muscovado at 1%c. for 89-degrees
£1 03. per share, £232,660 added to the re>t-rr<- fund (making n>*(. Refined sugars advancing and finding expanding lethat fund stand at $*>,750,060) and about $390.(190 carried maod: granulated quoted at 5c. Teas quiet and easy.
Kentucky tobacco vva* without change. The choice grades
forward to the credit of the new profit and loss account.
have been in light supply and wanted, but common stock has
— Messrs, Eiward B. Smith & Co,, The Bourn-. Philadel­ been in good supply but hot wanted. Seed leaf tobacco has sold
phia, have issued a valuable pamphlet entitled " Re vie v of slowly but prices have held steady; n tl -s for the week w-re
Anntul and other I.ite Reports of Lical Corporations." It 850 cases, a* f dl >w» : 100 cases 189,5 crop. N« v Bigland Ha­
discuss's in attractive form the latest particulars regarding vana seed. 5*4@7c.; 300 cast s 189-1 crop. New England II ivana
such companies as the Cambria Iron Company, Choctaw seed, 10@l6c.; 100 cases 1-892 crop, Pennsylvania Havana,
Oklahoma it Gulf R.R, Co., ete,, which are hast known on llj^ c,; 100 oases 1893 crop, Pennsylvania Havana, 10!£e.; 100
the Philadelphia market.
cases 1891 crip, State Havana, HQilOo.; fiOcat-s 18id crop,
—Mr, Frederic H, Hatch. 65 Broadway, who deals in all Dutch, 8J4c , and ISO oases sundries, 5015c.; also 9K) bales
quotable unlisted securities, is making a feature this week of Havana, 68c.(*$1 05, and 200 bales Sumatra, 65c,(§*2 25 in
American Soria, American Tyne Founders-, Herring-!! tll- ixind.
There has been very little interest shown in the speculative
M.irvio, Trenton Potteries and fotermtional Navigation
stocks and Brooklyn Bath & West Bad bonds. Hir card ma- ket fur Strait* tin, and prices have declined in response to
weaker advices from abroad, closing at 13 25 @ I8'80c. Ingot
will be found in the Chronicle weekly.
copp>*r has been fairly active and prices have furth-r advanced,
—;Mr»r», E. D. Sheoard & C.i„ 3 Broad Street, advertise closing firm at 10 75/g He, for Like Lead has advanced
$75,9 4) Pittsylvania County, Virginia, 6 per i» o t refo lding slightly a»d the close was firm at 8*17J4<J. for domestic. Spel­
bond**, maturing20 years from March 1st, coupons payable in ter has declined to 4c, for domestic. "Pig iron has been in
New York. This is the only debt o f the county. The adver­ limited demand at steady prices, cl wing at $11 75 t§ 13 50 for
tisement will be found in our State and City Department.
domestic.
R-fined petroleum has declined, closing at 7'10i in bbls,,
—Attention is called to the offering of $305,000 Arizona
Territory 5 pat cent gold landing bon is by Messrs. A C 4 Ode in bulk and 8’OOc in <an •?; crude in bbl-s, has been nom­
Frost & Co., Chicago; see particulars in advertisement iu inal; naphtha unchanged at H25c. Crude certificate* have
also declined, closing at J*l 35*3j nid. Spirits turpeotine has
State and City Department.
been dull and without change at 2914
R isins hive
— Mr. F, .}. Usman, of 10 Wall Street, announces in another been fairly active and steady, closing at 81 00@l 6214 for
column that he is prepared to trade in a number of ia-mes of common and good strained . Wool has been in Umtted de­
Coal Co, bonds, besides dealing in inactive railway securities. mand and firm. Hops have been dull and easy.
614,021 77 !
Itet B arring* 1 8 9 5 .,............................. ........................ ............. 915,753 74

i’HE CHRONICLE.

372
C O T T O N .

F riday Night, February 21, 1896.
T h e M o v e m e n t o p t h e C r o p , a s in d ic a t e d b y o u r te le g r a m s
f r o m th e S o u th t o -n ig h t , is g iv e n b e lo w . F o r t h e week e n d in g
t h is e v e n in g th e to t a l r e c e ip ts h a v e r e a c h e d 109,895 b a les,
a g a in s t 108,446 b a les la s t w e e k a n d 113,589 b a le s th e p r e v io u s
w e e k , m a k in g th e to t a l r e c e ip ts s in c e th e 1st o f S e p t., 1895,
4,364,552 b a les, a g a in s t 6,588,259 b a le s f o r th e sa m e p e r io d o f
1894-5, s h o w in g a d e c r e a se s in c e S e p t. 1,1895, o f 2,233,707 bales.

Mon.

Receipts at— Sat.
G a lv e s t o n .........
T e x . C ity, die.
N ew O r le a n s ...
M o b i l e ................
F lo r id a .............
S avannah .........
B ru n sw ’ k, A c.
C h a r le s t o u .......
P t. R o y a l, &e.
W ilm in g to n ___
W ash’ ton, <fcc.
N o r fo lk ...............
W e st P o in t .......
N ’ p o r t N., &e.
N ew Y o r k .........
B o s t o n ...............
B a lt im o r e .........
P h lla d e lp h ’ a.& c

3 ,2 9 0
......
505
...
115

838

335

925
654
7,831
162
.........
2 ,4 5 4

1 ,6 9 0
1,452
800
11

6,534
839
..... i ......
8,295; 12,006
1,043
64
... j
3 ,0 6 1
3 ,7 6 6
........ 1 .........
959
1,209
..
......
94
191

914
3 00

c

N

CO

r-f

T o t ’ls th is week

2,703
357
0,940
2,031

Total.

Wed. Thurs. Fri.

Tucs.

1,348
.....
994

1,145
.........
102

..

320

1,001

1,221

2,498
150
.....

3,377
927
5,286
333
.........
1,831
987
421
5 ,315
1,144
4
2 ,155

1 6,1 34
3 ,3 9 0
41,1 58
4 ,2 4 4
1 5 ,7 5 0
987
5,293
5,315
1 ,9 6 6
4
8,657
450
761
1,803
2,281
437
765

761

1,1671
417!

.........
521

453

636
147

12 j

50

170

250

408
437
283

9,892 15,527 23,6 69 109 ,39 5

22,4,20; 19,647

T h e f o llo w in g s h o w s t h e w e e k ’ s to t a l r e c e ip ts , th e t o t a l s i n c e
S e p t. 1, 1895, a n d th e s t o o k t o n ig h t , c o m p a r e d w ith 1 s t y e a r

Receipts to
Feb. 21.

1894-95.

1895-96.

1895.
1 1 2 ,54 9

17,640 1,497,354
52,375
2,681
3 1 ,6 3 3 2,127,424
3 217
211 ,71 2
438
18,814
8 966
8 1 1 ,64 9
1,984
139 ,51 6
6,309
377 ,08 2
131,345
1,748
2 1 9 .96 8
8
895
3 ,0 5 4
3 8 8 ,82 3
2 ,0 3 9
2 4 8 ,49 6
392
34,7 79
2 ,0 3 0
107,933
3 ,0 0 7
51,9 62
98,7 52
6 ,3 2 7
334
7 9 ,3 8 0

9 5 ,2 9 4
10,9 75
3 3 5 ,4 7 7
33,9331

36,962|
2,450i
2,675;
198,843;
2 1,0 00 '
14,319
8,933

44,2 81
8 ,821
1,519
1 6 4 ,7 2 0
30,000
22,5 38
13,3 87

T o t a l s ........ 109,395 4,3 6 4.55 2

9 1 ,8 0 7 6 ,5 9 8,25 9

8 82 ,99 4

971 ,11 8

3 7 3 ,5 0 4
2 8 ,1 5 0

66,9 67
1,894
35,8 86

68,3 83
8 ,073
51,2 63

14,386

13,9 30

Receipts at—

1896.

<lalve8’n <to,
N ew O rleans
M o b ile .........
S a v a n n a h ...
Chas’ to u , <tc
W llm ’ ton,iSic
N o r f o l k ........
W. P oin t, &c.
A ll o th e rs .. .

19,524
41,1 58
4,214
15,7.50
10,608
1,970
8 ,6 5 7
1,211
6,273

20,321
31,633
3 ,217
8 ,9 6 6
6,309
1,756
3,054
2,431
11,120

8 ,148
3 0,3 10
1,871
9 ,287
10,151
2,031
5 ,518
3 ,2 4 3
12,002

18,146
25,951
1,9221
7,075
1,225
301
4 ,9 6 8
2 ,1 5 4
3 ,8 5 4

T ot. this wb.

109,395

91,807

82,891

6 5 ,4 9 6

1 89 4 .

1893.

1892.

1 1891.

16,577
6 9 ,9 9 6 1
3,095
11,201
4 ,9 5 0
1,330
6,026
9,485
20,005|

11,962
3 5 ,3 1 6
5,253
21,2 62
9.131
2,362
9 ,5 3 4
13,8 95
18,181

T h e e x p o r t s f o r th e w eett e n d in g th is e v e n in g r e a c h a t o t a l
o f 106,027 bales, o f w h i c h 55,378 w e r e t o G r e a t B r ita in . 13,113
t o F r a n c e a n d 37,311 t o th e re st o f th e C o n tin e n t . B e lo w are
th e e x p o r t s fo r th e w e e k a n d s in c e S e p te m b e r t. 1895.
Exports
from—

Great
BriVn. Franct

Galveston......
T e x . City, &c..
New Orleans..
Mobile & Pen
Savannah .....
Brunswick......
Charleston*..
W ilmington...
N orfolk...........
West Point....
N’p’t News. 4 c
New York......
Boston............
Baltimore.. ...
Phlladelp’a.&c

8.07',
14,711
2,30f
300

T otal............

55,27?

S.150
8,21*
i 3,m>;

11,846

Continrnt.

5,3 If.

........
0,30:

3,728

60

1.59“
........

J

From Sept 1,1895, to Feb.
Expo ■ted to —

Totti
Week.

Great
Britain. France

800 3.750
479 3 /9
7,8 7 83,160
7,35
7,3 7
5,23'
5,23*

n .a c
4,328

7,936 18,21*
200 14,919
2,363
1,100 1,400

32l,2l.i
26.130
405,34"
57.7H
8 \b86
46,32
74 0 J
30,996
2S,5 !f
9,93
7,242
176,4* 8
153.713
43.947
3,074

not c le are d fo r—

Other Coast­
Great
Britain. France. Foreign wise.

6 8 ,6 2 2

9 ,7 0 3

152 ,67 3

7 3 0 ,3 2 1

54,0 29
36,3 47

7 ,7 5 2
6 ,4 5 7

140 .28 7
1 2 3 ,09 0

8 3 0 ,8 3 1
8 2 1 ,1 8 3

6 8 ,3 1 1

6 ,0 3 4

6 4 ,9 5 4
69,4.11

13,552
10,835

T o ta l 1 8 9 6 ...
T o ta l 1 8 9 5 ...
T o ta l 1 8 9 1 ...

2 8 4 ,4 8 2
59,9 41
6 4 ,9 6 7
3 0 ,5 3 6
2 5 ,9 3 3
2 3 ,7 1 2
187 ,11 8
53,6 32

50,9 95
3 5 ,3 5 3
2 ,0 0 0
5 ,3 5 0
8 ,0 0 0
13,2 50
11,725
2 6 ,0 0 0

2 8 ,6 8 0
11,517
2 ,0 0 0
5 ,0 0 0
None.
3 ,7 5 0
6 ,6 7 5
11,0 00

16.5L6
20,5 93
N one.
N one.
8 ,000
8 ,5 0 0
4 ,7 0 0
15,000

Leaving
Stock.

Total.

1,982
1,371
N one.
350
N one.
6 ,0 0 0
N one.
N one.

3,817
1,867
N one.
N one.
N one.
N one.
350
N one.

N ew O r le a n s ...
G a lv e s to n .........
S a v a n n a h .........
C h a r le s t o n . . . .
M o b i l e ...............
N o r f o lk .............
New Y o r k ........
O th er p o r t s ___

S p e c u la t io n in c o t t o n f o r fu t u r e d e liv e r y a t t h is m a r k e t
h a s b e e n g r e a t e r t h a n d u r in g t h e p r e c e d in g w e e k .

C o n d i­

t io n s w e r e q u it e ir r e g u la r , b u t t h e p r in c ip a l fe a t u r e is th e
fa ilu r e t o a t t r a c t a n y a p p a r e n t p e r m a n e n t in v e s t in g d e m a n d .
D u r in g S a t u r d a y 's s h o r t session t h e r e w a s fr e e s e llin g a l l
a lo n g th e lin e u n d e r c o m p a r a t iv e ly f u ll c r o p m o v e m e n t f o r
t h e w e e k a n d in d if fe r e n t d e m a n d f r o m c o n s u m e r s a t h o m e
a n d a b r o a d , p r ic e s r e c e d in g 9 @ 11 p o in ts .

O n M o n d a y th e

p ressu re t o s e ll w a s q u it e p r o n o u n c e d , t h e S o u t h a d d in g t o
th e o f fe r in g a n d c a u s in g a f u r t h e r b r e a k o f 12 @ 14 p o in ts ,
w it h s lig h t ly fir m e r f e e lin g a t t h e c lo s e .

T h e f o r e ig n a d v ic e s

c lo s e d a b o u t 3 p o in t s b e t t e r o n n e a r p o s it io n s .

On W edn es­

d a y th e c a b le r e p o r ts w e r e w e a k e r a n d th e m a r k e t o p e n e d o f f ,
b u t r e a c t e d a n d c lo s e d a t a s m a ll n e t g a in f o r t h e d a y .

Y es­

t e r d a y f u r t h e r c o v e r i n g a n d e v id e n c e o f n e w b u y in g a c t e d a s
s tim u lu s a n d a d v a n c e d

ra te s a b o u t

8 p o in t s .

T o -d a y

r e a liz in g sa les c a u s e d a r e a c t io n o f 5 @ 9 p o in t s b u t t h e c lo s e
w a s s te a d y .
at

C o t t o n o n t h e s p o t h e re s o ld m o d e r a t e ly , c lo s in g

7%c. f o r m i d d li n g u p la n d s .

bales. F o r im m e d ia t e d e liv e r y t h e t o t a l s a les f o o t u p th is
1,458 b a les, in c lu d in g

90,910
4,310
218,08r
20,349

1,770

19,7^1
9E0

♦ent.

300 f o r e x p o r t ,

Total.

........
13,44? 37.311 106,027 L 483,580 392.2"1 1,278,960 3,164.741
Total. 1894-96. 05,481 7,066 51,007 113,511 2,597,742 630.606 1,805,159 5.039.507
'Including Port Royai.

T h e fo llo w in g

of

th e

past

are

w eek—

R a tes o n a n d o f f m id d lin g , a s e s ta b lis h e d N o v . 22, 1893,
a n d r e v is e d D e c . 11, 1895, b y th e R e v is io n C o m m it t e e a t w h i c h
g ra d e s o t h e r t h a n m id d lin g m a y b e d e liv e r e d o n c o n t r a c t :
0. 1*4 on. G o o d O r d i n a r y .. ............o. 1
off.
E ven,
7S on. G o o d M id d lin g T in g e d .
.. *s on. S trio t M id d lin g S t a in e d ..
33 oft.
51S on. M id d lin g S ta in e d ............... ^s~ oft,
oft. S trict L o w M id. S t a in e d .. 2532 oft.
.. % otf. L o w M id d lin g S t a i n e d .... 1M oft.
... 1‘ lB oft.
O n th is b a sis th e p r ic e s f o r a f e w o f th e g r a d e s w o u l d b e aa
fo llo w s .
UPLANDS.

Sat.

GULF.

M on T uee W ed

T il.

F tl

6 73
7%
7 78

6 7s
7b!
7 7S
S3,8
8%

6 78
7b!
7 7a
83,a
8%

6 7s
7b!
7 78
83-8
8%

M on T u es W ed

Th.

Fr>

713
7%

7b!
7%
8bi
87,6
9

7bi
73t
8 >3
SRa
9

M on T n es W edl T h .

F r l.

7

73s
8
85,6
8 73

6%
7bi
7 7s
83 6
8%

S at.

Good Ordinary...........................
Low Middling..............................
M idd lin g......................................
Good M id llin g ...........................
diddling Fair..............................

Good Ordinary...........................
Low M idd lin g.............................
Middling .....................................
Good M idd lin g ......................... .
Middling Fair . . . ..... ................

7H
7 7s
8*4
89,.

STAINED.

Sat.

913

21,18

131,66-* 546,797
30,223
60.703
374,419 1.087 847
29.947
87.0i8
22 2,571 284.306
2 >.451
66,774
147,71" 221,767
90,708 123,474
6,923
34,448
9,930
7,242
157,954 354,143
2,128 155,841
42.938
87,715
22.432
26,106

day

week

953 f o r c o n s u m p t i o n ,

— f o r s p e c u la tio n a n d 200 o n c o n t r a c t .
th e o ffic ia l q u o t a t io n s f o r e a c h
F e b r u a r y 15 t o F e b r u a r y 21.

142,668! 1 26 ,89 6

S in ce Sept. 1 4364.552 6 59 8 ,2 5 9 516 8 ,8 7 0 4 2 8 3 ,3 5 0 6 0 7 2 ,9 8 4 ;5 8 0 9 ,392

Week Ending Feb. 21,
Exported to—

Sh ip b o a r d ,

T h e t o t a l sa les f o r f o r w a r d d e liv e r y f o r th e w e e k ja r e 1,294,800

I n o r d e r t h a t c o m p a r is o n m a y b e m a d e w it h o th e r y e a rs , w e
g iv e b e lo w th e t o t a ls a t le a d in g p o r ts f o r s i x ses-m ns.
1 895.

on

Feb. 21 at—

a b le c o v e r i n g h e re , a n d a ft e r n u m e r o u s f lu c t u a t io n s p r ic e s
1896.

16,134
804,901
3 ,3 9 0
9 1 ,9 9 7
41,1 58 1 ,481,197
175 ,56 2
4 ,2 4 4
24,3 55
627,474
1 5 ,7 5 0
104,722
987
251,113
5,293
53,092
5,315
153 ,17 6
1 ,9 6 6
4
740
254 ,31 4
8 ,657
450 1 3 6 ,8 3 3
15,390
761
4 1 ,9 6 2
1,803
80,414
2,281
437
3 8 ,3 9 7
7 65
28,9 13

G a lv e s t o n ...
T e x . C.,&e.
N e w Orleans
M o b ile ..........
F lo rid a .........
S av a n n a h ...
B r’ w ick , &c
C h a r le s t o n ..
P .R o y a l,& c
W ilm in g to n .
W ash 'n .A c.
N o r f o l k ........
W e st P o in t ..
N ’p 't N ., <kc
N e w Y o r k ...
B o s to n ...........
B a lt im o r e . . .
Phi lade!.

I n a d d it io n t o a b o v e e x p o r t s , o u r t e le g r a m s t o - n ig h t a ls o
g iv e u s t h e f o l l o w i n g a m o u n t s o f c o t t o n o n s h ip b o a r d , n o t
c le a r e d , a t t n e p o r ts n a m e d .
W e a d d s im ila r fig u r e s f o r
N ew Y o r k , w h ic h a re p r e p a r e d f o r o u r s p e c ia l u se b y M essrs.
L a m b e r t & B a r r o w s , P r o d u c e E x c h a n g e B u ild in g .

o n T u e s d a y w e r e m o r e e n c o u r a g in g , w h i c h in d u c e d c o n s id e r ­

Stock.

Thisv SinceSep. This SinceSep.
Week. 1 ,1 8 9 5 . Week. 1, 1894.

[VOL. LXIl.

M iddling.... ...............................
Strict M id d lin g ..........................
Good Middling Tinged..............

6%
73s

719

734
8^3
8 7ie
9

84»

713
7%

8 hi
81,6
9

8>3
87ia
9

6=8
6^8
7^3
7bi
721 g
Z i‘ 32
7 78
7 78

6 •‘>8 I 6 r>s
713 I 7*2

63s
7bs
821^2 72132 7 Jlss
7 78
7 78
7 7a

MARKET AND SALES.

T h e to t a l sa les o f c o t t o n o n th e s p o t a n d f o r f u t u r e d e liv e r y
e a ch d a y d u r in g th e w e e k a re in d ic a t e d in th e f o l l o w i n g
s ta te m e n t. F o r th e c o n v e n ie n c e o f th e re a d e r w e a ls o a d d
a c o lu m n w h i c h s h o w s a t a g la n c e h o w th e m a r k e t c lo s e d o n
s a m e d a y s.
SPOT MARKET
CLOSED.
S a t'd a y.
Monday.
Tuesday
Wed’day
Thur’d'y
F riday..
T otal.

Dull at i-n dee.
Ensv at 73 d ec..
Q u ie t.................
Q u iet.................
Q u iet..................
Dali.....................

SALES OF SPOT AND CONTRACT.

Sales of
Ex­ Con- Spec- Con­
Futures.
port. sump. uVVn tract. Total.
300

i5 6

__
__

134
192
276
200

....

300

958

—

200
....
1

200

456
334
192
276
200

148,700
310,600
193,900
207,200
234,600
199,800

1,458 1,294,800

Movemetil to F ebruary 34, 189h.
Movement to February 22, X8#ftl
Receipts.
S eeeipu.
Stock
This
Smee
This
Since f ’ This
meek. A’epf.1,’ 95. meek. Frb- 21 - tree!:. S epl.l,' 91. treek.

"SET"!

T ow n *.

Ettfaula,
iu u iU ,.
M ontgom ery,
•*
Helena,
Little U w It,
Albany?
Athens,
Atlanta,
Augusta,
Cidumbtm,
Mtii-un,
Home,
lou lsv llle,siiroveptirt,
Colmttinx*.
tlrectm llo,!
Meridian,
SatoUex,
Viekaborg,
Yuroo C ity,
8t. Louie.
Charlotte,
Ualetgh,
t'lIH'lliURtl.
t.riM-nwooi!,;
V ew b errjy
Memphis,
Nit.liville.
B m ih am ,
Hallae,
Houston,

AitKAICSAS..
O k o r o ia .. ..

K knTIICKY
U hubiaxa .
M iasm wrri

Mmsotriu
X ,C arole * a
OHIO............
8, C arolina
it
TttMHWKkV.
T tiX i*.
“

T otal, 31 tow n *....... .
Market, Prices amt
Market,
Sates o f
liitm /e u n it
Total
Sales.
F V T V K ks .
i

F A It. f
F eb ru a ry.

\

M a rch .

M ay,

PSTCKS

I

A SO

J u n e.

SALES
Jut;/.

OF

F rU T R E S
A u ffu st.

FOR

15,994
111,710
33,748
47.045
86,3*20
26,465
46,539
85,419
152,800
45,010
48,798
IS,521
4.500
7*2,933
*25,893
30,850
29,685
43,868
0*2,200
51,100
477,178
17,110
1
144,089
13.774
11,199
381.791
18,276
50.111
37 ,-3 4
023,090

683
1,715
1,4*21 3*2,511
410
4.390
1,296
7,378
2,867 ; *21,502
577
4.176
478 10,344
1,914
5,729
6,018 30,494
1.494
9.771
915
5,922
856
4,718
142
611
791
18,723
791
1,010
*275
9.150
........
5 ,8 9 1
1,046
8,795
1,089 17,511
2.347 15,413
11,39*2 71 ,17.
231
*200
189
2,490
6,000
7,000
170
1150
1(M3
800
7,967 116,108
067
2,253
450
4.309
3*25
517
18,039 20,169

18,725 ’
147
3,162
802
702
*2,971
134,353
0,738
138
375
75,652 :
3.360
797
61,1*20
1,570
6.242
1.450
101,977
1,357
15.860
134
31,966 !
7*2
4,079
600
0 ,881*;
994
72.400
513
154,828
3 142
31.10.-)
1,329
20,303:
1,658
1*8,765
*214
550
10,1*29
61,772
282
5,449
66,999
730
410
4,321]
1.000
89,688
165
1,064
0,231
*257
106,186
3,999
50,342
1.044
7/47
36,409
2,058
1,115
2*25
2,8751
40,822
741
1,511
488
34.647
770
447
60,165
8,379
1,673
0.333
543
56,601
1,320
151
54.014
10,021
1,095
66,362
18.570
763,862 18.210
104
200
104
*20,826
145
170
2,425
*29,883
12,017
4,490
289,22?
6, 17s
771
*26,705
771
’ *200
59
15,54*2
333
5.211
519,311
8,895 111,205
495
706;
006
45,977
4.1 mt
110,396
*2,019
59,161
671
974
1.197
43,331
19,088 1,601,604 21,416

50,84*2 3,17*3,070

70.634 138,497

6*2,380 4,936.30?

11
054
190
84 9
3,121
42
325
1,243
3,091
4 11
370
620
143
730
420
225
561
450
529
735
9,130
231
1 19
5,227
160
100
4,254
931
405
H20
M.7S»2

F A C lt

- S e p te m b e r .

i t O S TIP
O c tob er,

November.

os

llceember, ' January.

Monday, Feb, 17—
Sale*, to ta l.............
1’rta * paid (range)
C losing....... ............

Weak,
WV ge..
ho.. 7-51
7 5 1 A V g e,.
e .. 7*81.
7-51 A V ge. 7*50 A vV’ge.
74111 AV ge. 7*67 A V
hl
t7i 67
lt A
AV«re
4» A
*V
» 'ge.
» . 7*36'
e
wt A
i gV g»e.. r7 33
v
A
g * .. 7*63
T ge.
M . 7414
7*69 A C
V ge.
7*80 A vV
V g e .. 7
7*48
V ge..
7*33 A«•*«•«.
V ge e7*33
310.600
200 ,
72,700
2,800
107,400
18,600
12,600
5lUOO
*2,000
19,700
7,900
0,500
600
; 7 -4 8 * 7*57 7*57 it 74111, 7T »«8 7 67 7411
7-27 e 7*TJ 7 51® ~
----7*70
7 r .t » '' 7*74 T*«l a 7 70 7*45# 7*63 7 .*U * 7 30 7*27# 7 31 7 2 9 # 7-37 7 33 4 7 * 5 0 - 7*52 7 5 1 - 7 5 2 : 7*56 — 7*57 7 - 6 1 - 7*11*2 7*61 7915 7*66 ~ 7417 7 - 6 1 - 7*05 7 * 4 5 - 7-46 7 * 3 4 - 7*35: 7*80— 7*30 7 * 8 2 - 7*33
Lower,

Tuesday, Feb. 1 8 Siilnr, t o ta l............
Pricer paid (range)
C losing....................

Steadier.
Av'g©.. 7*38 A v 'g e .. 7*37: A V g e .. 7412 A v'ge. 7*66 A V g e., 7*70 Av*ge, 7*7 I Av’ ge. 7*7t> A V ge,. 7 5 0 A V ge. 7*34 A V ge 7*36 AVge. 7*37 A V g e ,.-----130,000
200 :
30,200 3.700 ■
72.800
H.700
0,000
.16,600
2.400
1 M.Itoo
0,900
3.900
7*32# 7*71 -- <» 7*38 7*5 3* 7*591 7*58# 7*6:4 .......7 *0 3 » . —
74»>
7-74'
7*6 0
6* 7*42
7*73 7 3 2 # 7*37' 7*34# 7-40 — ■ »*’ —
------ . .7*67*
.
, --------- , 7*7*2
... , 7 4 )4#
7*47#
7-52 7*35
Ulgber,
7 - 6 3 - 7 80 7 * 6 3 - 7*56 7*511- 7-60
“ — ------'
*
-60 7“* 0“ 4 - 7*65 “7*07
7*08 ~
7*119 - *7*70 *7*07—
7*6*>
7 * 4 0 - 7*4« 7 * 3 5 - 7*30 7*81— 7*32 7 * 3 8 - 7*34

Weditesd’y, Feb, It).
8»le«, lot it1.............
Pricer paid (range.)
Cloning....................

Lower
A y’g e ..------- A v'ge.. 7*53'A v’ge.. 7*Ss A V ge.. 7*6*2,AV ge. 7*05 A V ge., 7*67 Av*ge.. 7*66 A V ge
7*12 A V g e ,. 7*33 Av*ge. 7*30 Av*ge. 7-31 A V ge., 7*31
207,200
3-1.700
3.300
88,200
10 ,8.0
11,000
29.000
.*>0.1
12, SOI.
-POO
2,20.'
7*146# 7-72 _
*
7*48# 7*58 7*34# 7411 7*58,t 7*66 7*61# 7*70! 7*634 7*72 7*61# 7*71 7 -409 7*46 7*.30# 7*36 7*26# 7 33 7*29# 7 9 4 7*31# Higher.
7*60- 7*5/ 7*37— 7*58: 7 * 6 1 - 7*62 7 0 0 - 7*67 7 - 6 0 - ?*7« 7 7 1 - 7 72 7 7 0 - 7*71, 7 * 4 5 - 7*47 7 *3 6 - 7-37 7 * 3 3 - 7*34 7 * 3 5 - 7 37 -

Tlmrrdny, Feb. 2 0 Saler, totid.............
Prices paid (range)

A v’g e ..------ AVge. 7415 Av*ge.. 7*68 A V g e,. 7-74 A V g e.. 7-77 AVge. 7*81 A V g e,. 7*80 A V ge.. 7*52 A V ge 7.44 A v 'g e.. 7-40 A v'ge
Firm.
7*42 Av’ g e ..284.600
35,900
5, t o o
91,800
10,200
5,300
47,500
1,1010
17,400
12.700
7,600
7-61 .i 7*70: 7*66# 7-73 7-7! a 7-79, 7*75# 7-81 7*77a 7*841 7*75# 7*8 4 7*51# 7*53 7*41# 7-49 7*8.9# 7*45 7 t o # 7*47, 7-38 >f 7*81
»
HI ghet.
7 * 0 6 - 7*08 7*68— 7*1
7 2 - 7*73. 7 * 7 0 - 7*77 7 * 7 0 - 7-81 7*84— ! 7-814- 7-81 7 * 5 6 - 7*98 7 * 4 7 - 7*48 7 * 4 2 - 7*43 7*4 4 - 7 45
- -

Closing ................

Tola) sales tills week
A verage price, week

F ew er

A v 'g e . . -----

A v 'g e.. 7*62; A v'ge. 7*00 A V ge., 7*71 AVge. 7*76 A v'ge.. 7*78 AV ge. 7 7 0 A V ge.. 7*50 A V g e.. 7-41 AV ge. 7*37:A v 'g e ,., 7 4 0 AV ge. 100,800 :
.......... |
21,700 ;
8,000
82.200
13,400
-----------------------7,500
6,500
5,400
36.700
2,100
u i.a oo
7*35* 7*8.4' - a 7 .47,1* 7 70 7*649 7*76 7-66# 7 HI 7 71 a 7-9! 7*74# 7 .43 7. 78
- #
n il* " 7*82 7*40# 7*54 7*39# 7*44 7 -3 5 # 7*31); 7 3 S # 7-43
Steady,
7*58— (If) 7*58— 7*001 7 4 1 5 - 7 * 6 8 - 7*69 7 72
7-7:4 7 * 7 5 - 7*76 7*7 5 -. 7 76 7 53 - 7 53 7 * 4 1 - 7 42 7 3 0 - 7*3«. 7 * 3 8 - 7 40
- -4
....
1,200
30.1100
03,700
288.900
1,24 1
74.700
491,400
52.300
46.100
2.*0.800
30,600
13,100
1.000
7*00
7*61
7-05
7*60
7-40
7-72
7*75
7*73
7*50
7*86
7 38
7 *rj

siilesHlueeSep/l.'liri* 81,413,100

10,006,900 1

.(73,900

3,074,400

346,100

104,100

O H .400

M l 00

I"

i l

84,380

b s

Weak,
Sitim day. Foil, Jf>—
^
'Vv ‘ ? AV ge. 7*73 At*g». 7*?«;Av*go 7-7M A V g e.. 7*82 A v*«c,. T T - A V g e . 7*:.o AVg*. 7-46 Av'ge. 7*4v Av*ge. 7*44-Av*ge..----148,700
Stile*, total..............!
800
, 88.710
5,400
19, IKK*
lt.OOO
a,4«KI
20.400
2.100
7,2tH*
1.500
2,200
.........
Pric es paid (range); 7-30 if 7*80 7Ti5<S 7 , ,
7912a? 7 -7 .; 7*69• 7 80 7 7 S # 7*84 7 7 4 » 7*87 7*77* 7* Sit 7*74* 7-86 7*55* 7*64 7-42 * 7*50 7 408- 7 46 T*:W# 7 Is
• Oltwlng.................... j
bow er.
7 4 1 1 - 7*851 7 * 6 3 - 7411. 7 * 6 8 - 7411* ?* 7 »~ 7*73; 7 * 7 4 - 7-7'. 7 * 7 7 - 7 -7 - 7 -7 4 - 7-7.'. 7-:..; - 7-7.7 7*42- 7*13 7 * 8 7 - 7*38 7*8 0- 7*40 - - - -

Friday, Feb. 21—
Sales,total ..........
Prices paid (range)
C losing..................

si s‘M

467,900

1

158,100

93,200

1,200

iP ilil
f i l l ®

£
0 3 § *f
f | P fS | l

fill sills
iim

h

i | '5 2 k ‘, - s .

5 2

i o j l i i
'r * * e 5 '3 «

l *f 1i s=* ia
13 %, t?

•

THE CHRONICLE.

374

(Quotations for Middling Cotton at Other Markets . —
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—

W eek en d in g

Feb 21

S a tu r .

G alv eston . .
New Orleans
M o b ile .........
S avannah...
Charleston..
Wilmington.
N o rfo lk .......
B oston .........
Baltimore
Philadelphia
Augusta___
M emphis___
8t. Louis___
H o u sto n ___
C incinn ati..
L ou isv ille...

7\

7»i«
74s
7^8
7 :h
7=»
8*3
8*8
8 >4
7l*ia
7%
7**16
7\

7 78
7 78

Mon.

W ed n cs.

Tiles.

7**6
7 Me
Holi-lay.
7=s
Holiday.
7*2
7M
7»14
Nominal.
7» r
73l
7*s
7=8
7»n
8
7 78
8
8
8*e
8*9
7=8
7=8
7=8
7**16
7=8
7**16
7**16
79,8
7 78
754
7%
73*

Thun.

7=8
79,6
71,9
7M
7=8
7M
7=8

7*M«
7=8

T ’S

T ’s

8
8*8
7=8
7=8
7=8
79,
7%
7%

F r i.

7**18
7*8
7*2
7 ” 16
7?I«
7Lj

7 9 ,6

7=8
7*2
7*1,6

71*1
7 78
8
8*9
7*8

8
8*8
7*8
7=8
7*8
79,,
7%
7\

7=8
7=8

7 *M3
7 hi
7**,6

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A t la n t a ...........
7 *4 I Little R o ck
7*4 N ewberry......................
Columbus, G a . 7 '-4 M ontgom ery...
7*2 R aleig h ..............
7=8
Columbus,M iss
77, [N a sh v ille ..........
7 !, r Selma..................
7%
E ufaula............
7*s I N atchez............
77]H Shreveport........
7*4
R eceipts from the P lantations.—The following table

indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Week
Ending—

Receipts at the Porte. St'k at Interior Tonms. Rec’pts from PlanVns.

1894.

1895. | 1896.

1894.

1895.

1896.

1894.

1895.

1896.

Jan. 17...... 159,917 209,803 119.837 432,721 530,024 552,608 141,517 171,179 107,035
"
*

24...... 154,352^13.0261112,395 420,147 507,480 533,688 141,778
31...... 116,748^99,835 122,902 406,940 489,801 505.878 103,541
Feb. 7...... 100,560 155,0981113,589 390,917 466,453 479,143 84,537
“ 14...... 71,6271132,989! 106,446 376,763 442,289 458.279 57,473
“ 21 ...... 82.891- 91,807*109,395 i363,821 420,269 438,487 69,949

190.482
182.156
131,750
108,825
69,787

93,475
95,092
86,854
85,582
89,603

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1895, are 4,770,389 bales; in
1894-95 were 6,961,193 bales; in 1893-94 were 5,456,525 bales.
2.—That although the receipts at the outports the past week
were 109,395 bales, the actual movement from plantations was
only 89,603 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 69,787 bales and for 1894 they were
69,949 bales.
Overland Movement for the W eek and Since Sept. 1.—
We give below a statement showing the overland movement
foi ih't 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 m our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Feb.21.
and since Sept. 1 in the last two years are as follows.
1895-96.
February 21
Week.
Shipped—
Via St. L ou is................................
Via C airo.......................... .........
Via Parker C ity............................
Via E vansville.............................
Via Louisville...............................
Via Cincinnati.............................
Via other routes, <fec...................

11,392
5,469
90

Since
Sept. 1.

1894-95.
Week.

Since
Sept. 1.

1,915
3,048
1,087

413,255
191,097
13,368
60
103,969
65,592
71,451

18,210
4,436
1,100
34
3,784
1,290
3,692

23,001

858,792

32,546 1,393,809

5,286
69
1,250

189,686
2,556
33,428

11,698
1,697
874

338,027
20,705
50,966

Total to be deducted..............

6,605

225,670

14,269

409,698

Leaving total net overland*..

16,396

633,122

18,277

984,111

Total gross overland...............
Deduct shipments—
Overland to N. Y., Boston, <feo..
Between inteiior tow ns.............
Inland, &c., from South.............

715,376
268,811
23,600
2,894
142,328
124,216
116,584

The foregoing shows that the week’s net overland movement
this year has been 16,396 bales, against 18,277 bales for the
week in 1895, and that for the season to date the aggregate net
overland exhibits a falling off from a year ago of 350,989 bales.
In Bight and Splutters’
Takings.

1895-96.
Week.

Since
Sept. 1.

Receipts at ports to Feb. 2 1 ......... 109,395 4,364,552
Net overlaud to Feb. 21................. 16,396 633,122
Southern consumption to Feb. 21 19,000 498,000
— |
3505
r^t" I
i
r-f. 1

t-'cj

Total m arketed........................
Interior stocks In e x c e s s .............

1894-95.
Week.

Since
Sept. 1.

91,807 6,598,259
18,277 984,111
16,000 439,000

5,495,674 126,084 8,021,370
405,787 *22,020 362,934

Came Into siebt during w eek. 124,999
104,064
Total in sight Feb. 21.............
5,901,461
8,384,304
North’n spinnerstak’gs to F eb. 21 29,996 1,228.264 54,125 1,680,770
* Decrease during week.

It will be seen by the above that there has come into sight
during the week 124,999 bales, against 104,064 bales for the
same week of 1895, and that the decrease in amount in sight
to-night as compared with last year is 2,482,843 bales.

fVor, T.XTI.

W e a t h e r R epor ts b y T e l e g r a p h . — O ur telegraphic ad­
vices from the South this evening denote that the weather
has been dry generally the past week, and that except in the
Southwest the temperature has been lower, as a rule. Re­
ports from Texas indicate that the conditions have been very
favorable to farming interests during the week, and that con­
sequently good progress has been made in prep rring for the
next crop.
Oalveston, Texas.—Dry weather has prevailed all the week.
The thermometer has averaged 58, the highest being 71 and
the lowest 44.
Palestine, Texas.—Farmers are get'ing ground ready for
crops. We have had no rain the past week. The thermo­
meter has averaged 52, ranging from 34 to 71.
Huntsville, Texas.— There has been no rain (he past week.
The thermometer has ranged from 34 to 71, averaging 52.
Dallas, Texas.— The weather has in general been exception­
ally favorable for fanning operations. Ground was too wet
early in the week but has dried out nicely. It has been dry
all the week. Average ihemometer 49, highest 69 and low­
est 30
San Antonio, Texas.—Farmers are preparing ground for
planting. An increase in acreage is indicated. Tne weather
has been dry the past week. The thermometer has averaged
53, the high sc being 72 and the lowest 34.
Luling, T exas— There has been no rain during the week.
The thermometer has averaged 52, ranging from 34 to 71.
Columbia, Texas.—Dry weather has prevailed all the week.
The thermometer has ranged from 32 to 70, averaging 51.
Cu»ro, Texas.—W e have had no rain during the past week.
Average thermometer 51, highest 70 and lowest 32.
Brenham, Texas.—Tnere has bPen no rain all the week. The
thermometer has averaged 52, the highest being 68 and the
lowest 35.
Belton, Texas.—It has been dry all the week. The ther­
mometer has averaged 52, ranging from 34 to 70.
Fort Worth, Texas.—We have had no rain the past week.
The thermometer has ranged from 29 to 69, averaging 49.
Weatherford, Texas.—W e have had dry weather all the
week. Average thermometer 49. highest 70, lowest 28.
New Orleans, Louisiana.— We have had no rain during the
week. The thermometer has averaged 52.
Shreveport, Louisiana.—There has been no rain the past
week. The thermometer has averaged 50, ranging from 32
to 70.
Columbus, Mississippi.—-We have had no rain during the
week. The thermometer has ranged from 25 to 65, aver­
aging 54.
Letand, Mississippi.—Telegram not received.
Vicksburg, Mississippi.—There has been no rain during the
week. The thermometer has averaged 43, the highest being
68 and the lowest 28.
Little Rock, Arkansas.—There has been no rain during the
past week. The thermometer has averaged 42, ranging from
24 to 65.
Helena, Arkansas. —The weather has been dry all the week.
The thermometer has ranged from 21 to 65, averaging 39.
Memphis, Tennessee.—The weather has been dry all the
week. Average thermometer40 6, highest 59-7 and lowest 23.
Nashville, Tennessee— There has been only a trace of rain
during the week. The thermometer has averaged 32'5, the
highest being 62 and the lowest 14.
Mobile, Alabama.—It has rained on one day of the weejt,
the precipitation reaching one hundredth of an inch. The
thermometer has averaged 49, ranging from 38 to 72.
Montgomery, Alabama.—The temperature has been lower
the past week, with no rain. The thermometer has ranged
from 84 to 56, averaging 45.
Selma, Alabama.—It has been dry all the week. Average
thermometer 45, highest 64 and lowest 22
Savannah, Georgia.—There has been rain on two days dur­
ing the week, the precipitation reaching for y hundredths of
an inen. The thermometer has averaged 48, the highest being
66 and the lowest 24.
Columbus, Georgia.—It has been dry all the week. The
thermometer has averaged 52, ranging from 22 to 57.
Augusta, Georgia.—Rain has fallen on one day of the week,
to the extent of nine hundredths of an inch. Average ther­
mometer 44, highest 65, lowest 21.
Charleston, South Carolina.—There has been rain on three
days duri ig the week, the precipitation reaching thirty-three
hundredths of an in< h. The thermometer has averaged 47,
ranging from 22 lo 66.
Stateburg, South Carolina.—We had high wind and light
snow on Monday. The thermometer has ranged from 16 to
61, averaging 43 4.
Greenwood, South Carolina—There has been no rain dur­
ing the week. The thermometer has averaged 33, the high­
est being 68 and the lowest 18
Wilson. North Carolina—Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o ’clock February 20, 1896, and February 21, 1895.
Feb. 20, '96. Feb. 21, ’9 5 .
Nevr O rlean s...
M em phis..........
Nashville..........
S hreveport.......
Vicksburg......... ............ A bove zero o f gauge.

Feet.
10*8
23.8
190
16-6
30-9

Feet.
3-4
1*6
5-7
2-6
4-9

THE CHRONICLE.

February 93, 1896.]

375

S ea I sland C otton Movement . —We have received this
I ndia Cotton Movement F rom a l l P orts .— The receipts
and shipments of cotton at Bombay have been as follows for (Friday) evening by telegraph from the various ports tt e
details of the Sea Island cotton movement for the week. Ti e
the week and year, bringing the figures down to Feb. 30.
receipts for the week ending to-night (February 31) and “ini e
B O M B A Y K KCEIPTS A S D SH IP M E N T S F O B P O O R T E v a s .
Sept. I, 1895, the stocks to-night, and the same items for the
Bece-pl*.
j; Shiprnc ,t* thin week ! Shipments *■nee Sept. 1.
corresponding periods of 1894-95, are as follows.
Conti­
nent.

Great
Total. i Britain

Xtmr Great Conti
Bril’ n neat.

This
Week.

Total.

Since

S ept. 1.

<95-6 ....... : 5.000 5,000 21,000-257,000 281.000 59,000 967.000
94-5 ........ 18 000 18.Ow) 2.000 81.000
83,000 34,000 408,000
*93-4 7,000:14,000 21,000 20,000 221,000 241.000 39,000 877.000
<92-3 .........: 7,005 7,000 9,000 231,000
240,1)00,40,000 517,000

1895-96.
Receipts to Feb. 21.

1894-95.

Slock

Since
This
Since
This
week. SepL X. week. Sept. 1. 1896761
8
... .

S avan nah..........................
Charleston, A c ......... .
Florida, A c ........................

71.033
10,059
4,793

551
5
27

1895.

63,137 14,143
5,098 2,486
5,139 1,747

6,773
514

According to the foregoing Bombay appears to show
1,436
an increase compared with last year in the week’s receipts of
8,723
769
85.875
73,374
18,376
533
T ota l.................... .......
35,000 bales and a decrease in shipments o f 11,000 bal s, and
the shipments since Sept. 1 show an increase o f 198,000 bales.
The export® for the week ending this evening reach a total
The movement at Calcutta, Madras and other India ports for o f 1,798 oalea, of which 1,733 bales were to Great Britain, 75
the last reported week and since the 1st of September, for two to Prance and — to Reval. and the amount forwarded to
years, has been as follows. “ Other ports’’ cover Ceylon, Northern mills has been 1,743 bales. Below are the exports
Tuticorm, Kurraohee and Coeonada.
for the week and since September 1 in 1893-96 and 1894-95.
Shipment* *irue Sept. 1.

Shipment* f o r the week.
Great
Britain.

2,000

__TT

......

2,000

__

......

A.....

........

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

2,000

3,000
5,000

13,000
9,000

16,000
14,000

18,000
13,000

13,000
10,000

30,000
23,000

19,01X1
12,000

30,000
20,000

49.000
88.000

40,000
30,0013

2,000

Total.

55,000
45,000

95,000
75,000

The anove totals for the week show that the movement from
the ports other than Bombay is 2,O<10 bales less than the same
week last year. For the whole o f India, therefore, the total
shipments since September 1, 1895, and for the corresponding
periods of the two previous years, are as follows.
BAPORT8 TO E c a o r a MOW ( U . INDIA,
Shipment*
to all Europe
from —

1895-96.

1391-93,

|

B om b a y .........
A ll other port*

5,1X10
.......

201.0001 16,000
95,000) 2,000

T otal.........

5,000

376,000

A lexandria R eceipt*

and

1893-91,

ThU ! Since
week j Sept. 1.

Thu | Since
week.
Sept. 1.

18,000

Thi*
week.

Since
Sept. 1.

$3,000
75,000

21,00012,000

241,000
103,000

158.000

33,000

344,000

S hipment * .—Through arrange­

ments we have made with Messrs. Davies, Ben so hi & Co., of
Liverpool and Atexan lria, we now receive a weekly cable o f
the movements of cotton at Alexandria, Egypt. Th ? following
are the receipts and shipments for the past week an i for the
corresponding week o f the previous two years.
jAmmmMHo, Ktn/pt,
February t|,

1895-90,

Receipt* (canters*! ..
Thi* w eek ..
Since Sept. 1

Exports (baU m ^
To Uverpot>i , . . . . .
T o Cootl 0®o6|. . . .
Total Europe

109 4 -9 5.

1093-01.

130.000
4,070,000

115,000
4,036.000

108.000
4 081.000
Thi»
Since
mmk. Sept, l .

Thit
Since
vm k* Sep I. 1.

Thi*
Since
■week. Sept. 1.

0,000 202,000
7,000 211,000

7,000 210.000
5,000 223,000

7. 00 227.000
4,000 16*!,<X>0

13,000 473,000 12.000 433,000 1 UxX> 335,000

* A oantar i» 9S pound*
f Of which to America le 1095-98,42,101 bats*; In 1814-95, 28.021
bales; In 18*3-94,7,307 bale*.

This statement shows that the recaipts for the week ending
Feb, 13 were 10 00 cantars and the shipments to ail Europe
18,000 b a les,

MANOHKSreit MARKeT.~-C)4r report w c'-n 'el hv cable to night
Maochss* er states that the market ,;i if mu *- at - id v for
both yarns and shirtings. The demand tor in Hi is on or >•tag. W e give the prises for to-day oelow and leave w.ii> for
p r e v io u s weeks o f this a n d last year for comparison :
fr o m

1896.

8% til. Shirt]VotTn |
lag*, comm
in finest.

ll). 1 7 0 7 ,
" 24[8%
" 3 1 Ok
Feb. 7 6%
i4 .e » „
21 0 <e » 7 %

i
l

1035.
Twist.

(8*4 J5*. Shirk Oott’ n
lino*, common, Mid.
to ft n**t.
Vptd,
!#, d.
*
,4 0 * 0
3U % ® 0
3 11 a««
3 11 m
3
i3 IO%®0

d.

1
I
o
11
0
0

d.
3
33I3 j
3
3
3>*3

ExoniNoiss.—The following exchanges have been made
during the week:
'O S pd.to e x e s , : .590 May for Aug
*10 1-1. in n trti, s.i.i Ron for 'toy.
*16p<l,foexe'k l,50f> Mob for duly,
•1 2 pit. toex cb . i.20©.Mch.forJ*ii»
*38 pd. to e tch . A mi Deo, tor Juu*.
*13 pd. to e t c h . 1,000 Mnh.fnr An*

*12 pfl. to exoh. 590 Web for A uk.
' T i l l , t o e x o b , 2.100 Huh. for I'nc
l » it i. to - t o o . l .m >Hch.ror ruiv.
- *0 p i. tn e toh. 2.3 i i Vov for Aug
' '■> 34. to eeoa. 20 3 N or. for A ar
o i o I. on srnii. 5 i t Jim s for July.
•14 pd. toetn b . I ,,.<0 Moh.for Au*
•15 pd. to « toil. 030 M«h fo r Au
•13 p,t. to e tch . -“ I" Well, for Cue. *15 pd, M e toil. t . VIO Mr- ). for July.
*30 p<l. tOOXeli. 291 Dot. for \ i •
*1*> p i.r.tB to b . 1.50 i Mob. tor Aug.
*20 pd. to e t c h . i .•Mb)'> 8 for -fro.
14 pd. to e t c h . 7 a) Got. fo r Melt.
*01 pd. t o e t c o . 3,800 Hen for H i. . 09 pd, n, , t o h . l,9 1 9 8i>o for Hell.
*05 pil. M S t-a . 593 Apr. tor Stay.

Export*
from —
8‘ vatm’ h, Jeo
'a a rl't’a, Ac
Florida, A c.
New Y ork ..
lo s t o n ........
B altim ore..

Week Ending Feb. 31. Since Sept. 1 ,1 8 9 5 .

tiorlh'n Mills.

Great Fr’nce
Great Frinee
Total. BriVn.
Total.
<6e.
BriVn.
He,

Since
Week. Sept.l.

11,018
2,921

2,366 14,014
61 2,985

"¥4i ” *75 ” 45*6 12,557 3,218 15,77*5
390
952

390
952

1,585
1,613

......

1,743 26,930
1,374
3,608

1,585
1,613

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

1.723

75

1,798 30,324

5,618 35.972

total 1894-5

2,349

10i 2,365 29,315

•1,542 33,357

1,713

CQ |
r-*
a ■

Total a ll—
1893-96..
1894-95,

Total.

_,.rtM .
---■nr

Great
Britain, Continent.

£ 1

Calcutta—
1895-96...
1894-95...
M a d ra s1895-96...
1894-95...
AU others—
1895-96...
1894-95...

Omitinent.

79 83 2 ,0 9 3

A considerable portion of the Sea Island cotton shipped to
f ireign porta goes via New York, and some small amounts via
B wton and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outporte, we follow
the same plan as in our regular table of including it when
a -iually exported from New York. &e. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Feb. *21 at Savannah, for Floridas, common,
13s ; medium tine, 13c.; choice, lT ^c,
Charleston, Carolina-!, medium line, 23c ; fine, 24 to 25c.;
fully fine, 26c.; extra tine, 89 to 81c.
Reforms is Preparing Cotton fob Mark it —A ction of
Memphis Cotton Exchin gb .—Tne Memphis Cottm Ex­
change, at a meeting held on -Monday, February 10, adopted
the following report on reforms in preparing cotton for mar­
ket, which was subm it.*! by a special cu nmitfee appointed
to consider the subject:
We. tlie com m ittee appelated to report an the o im m unisation o f tho
Liverpool C ouon A »sn *»lou re--Anting the present m ethod o f packing
AiBi-rieaa cotton m d their resolution to en fo.v o a penalty o f flve
pounds per title After 4ept«nii»»c I, 1 s 3 n if the notion i* not packed
m wifi inittoeo witn Hie regulations adopted by the Maritime Conv-riiioa. hold In New Orleans in Fohru ary, 1895. as to the weight, close­
ness o f weaving and « ticnd-rlug <»f bagging, and weight nod size o f
ties, beg to report that tin- m -llln Is o f p ick in g r nrton In the South
can In- greatly Improved upon, and that the many com plaints from
the other side of the ragged condition tn which cotton reaches them
are doubtless well founded.
Y ottrciinintiti' i do tu t hesitate to assert that the prim e cause o f
this condition o f •ifTiir* Is due to tho fact that public glnners use an
inferior qualify o f bagging, aa small a quanUtv of the material ns
possible, and in* i3tte*i«!* t Aud Ugntest o f tics. This Is done fo r the
piirpn-e o f wrapping the title at a minimum cost to them, »«<1 this
m ethod being ln«iifHoh<ot to properly protect to o content* o f the bate
great loss and dam age ensue In transit from tho plantations to tins mills.
Appreciating i.n ■bud o nulltton iu winch American cotton reaches
foreign port*, as com pared to th - cotton from India, E gypt. Brasil,
etc., aud bring h«artliv lu f ♦ vorof assisting tn any eSnrt to Induea a
b e t e r system o f wrapping oottoo than !« now generally In vogue, wo
therefore recommend to tho producers that cotton be covered with
t)*.*glngot not Isa* tutn i pounds or ov e r 2% pounds to tho y a rd ,
wov n »nd oatcodertd to ab ow «lo ir aud distinct marking. That tie*
bo m ade o f steel o f best mat rial o f not less than 45 pounds to the
handle e f 3 <ties, o f U to 11% foot In length.
The Maritime Convention In* <1 in New Orleans last Febrittry passed
resoiatloos recom m eoding that all glnuors lu e a u o lfo r ia box for baling
ootton o f *ay gg Inches fu width hr 59 Inchesla length, and this action
was raUftwl at the convention o f the American G >uou Growers’ Proterlive tosoolatlon held (*> Memphis On faouary 21. -1080. and wo
urge upon plaster* and gtnnnrs to adopt this sise pros* box. tf this is
done compress,is throughout the coun try can press the lulus to a
creator density than can now be done w ith the various sited bales.
The greater density obtained and tho bales being o ' uniform length
and breadth will enable tho railroads to load a larger quantity to tho
o ir and shin* to store much m ore in their holds. This will bn tar ally
lower the freight rat . and w hatever tends to low er freight* Inures to
the pr lit o f the grower, a ; all ohsrgos for handling aud transporting
the staple com e out o f t h - pocket o f the producer.
Wo suggest that these recom m endations be brought i « tho attention
o f bagging nanufaeturers and nanutacturer* o f tins mid press boxes,
with a request that they give them earnest consideration.
As to the resolution o f the Liverpool Ootton Association that they
will enforce a penalty of ft pounds per bale after tne 1st o f September,
we recommend that th* I'rosh lm tn f till* E tohaugo oom m unlcita with
the Liverpool Ootton AssooUtio i aud inform tlum that wn are anxious
to assist In any m ovem ent looking to an Im provement to w rapping oot­
ton. and wo endorse tho letter o f tbs New Orle Stis co tto n hxoh m g o,
uoder date o f Aprtt 0, H 9 ’ , on this suhjsot. A ref <rm in r,h ■methods
now In vogue,'can only be brought about by action o f tile various
eoi too exchange* in bringing this in ittor to the attention o f tho p r o ­
ducers and p u b ic glnuors, and »ao v lo g the-n that■< ic ) practice I n ­
ures t ) tho io-s ol the pro i icnr* them selves iu lower! ig the value o f
t ie staple. To attempt to enforce such an arbitrary rate will only re ­
tard every movement looking to a c o r eotiou or this evil, ami w c hope
the Liverpool Cotton Aesoei »ttoa will w i l l way olear to rewind it*
a d lo n .
In the past few years the Memphis Cation Exchange bag taken
special care to gee that all shipments from this point liavo gone In
Hbod order and condition.
tin 0

THE CHRONICLE

376

Fall Rivbr Mill Dividends.—Thirty-four of the cottonmanufacturing corporations in Fall River have declared divi­
dends during the first quarter of the year, and the aggregate
of the dividends exceeds considerably the total for the corre­
sponding period a year ago. Two corporations —the Birnaby
Manufacturing Company and MetacometManufacturingCjm pany—have passed their dividends this quarter as they did
during each quarter of the preceding year. Theotber corpora­
tions which made no distribution in the early part of 1895 —
the Conanicut Mills, the Robeson Mills and the Slade Mills
are, however, included in the dividend-payers this year. The
aggregate of the amount paid out has been $433,850, or an
average of 199 per cent on the capital. In 1895 the average
dividend for the first quarter was 1'50 per cent, in 1894 it was
1-498 per cent, in 1893 was 2'24 per cent, in 1892 was 1-55 per
cent and in 1891 reached 1‘30 per cent. It will be noticed that
ten mills have merely maintained the ratio of last year and
twenty-four have increased their rate of distribution.
Dividends 1896. Dividends 1895.

F ir s t Q u a r t e r
1896 a nd 1895.
American Linen Co..........
Barnaby Mauuf’g Co........
Border City Manuf’g Co..

Cornell Mills ......................
Davol Mills ......................

Kerr Thread Co,.................

Pocasset Manuf’j? Co........
Sagamore M anuf’ff Co ...
Seaconnot M ills................
Slade Mill*..........................
Stevens M anufacture Co.
Tecuraseb Mills............ .
Troy Cot. & W. Mfg. C o...
Union Cotton Man’f ’* Co
Wampanoatr Mills.........
W eetamoe Mills.................

Capital.

$12,000
$12,000
$800,000
1*6
400,000 ..N o dividend. .No dividend.
4,950 4-1,650
2
6,600
880,000
1H
15.0 0 +5.000
20,000
2
1,000,00 )
12.000
12,00"
400.000
3
7,500 4-2,500
2
10,000
500.000
+2.400
2.400 ..N o dividend.
120,000
2
8,000
6,00 J +2,000
400,0*’0 2
IK
8,000
6,0* *0 +2,u00
2
400,00"
14
11,600
11,600
2
2
580,000
12,00*) +12,000
2
1
21,000
1,800.000
20,000
15,000 +5,000
1,000.000
2
m
12,<)00
800.000
12,000
l*
25,000 +5,000
30,000
28.
1,000,000
3
15,000
15,000
1,000,000
IH
0.OUO
6,000
400.000
1*
i*
15,000
l
7,500 +7,500
750,000
2
800.000
2
10,O<'O IK
12,000 +1,000
283,000 ..N o dividend. ..N o dividend.
8,00''
2
8,000
2
400.000
p.nnn +3,000
12,0"0
600.000
2
H00,00”
9,000
9,000
ik
i*
16,000
12.00C
+4,0)6
800.000
2
1H
260.000
3,900 ..N o dividend.
+3.900
'A
13,500 +4.500
18,000
900.000
2
1K
10-DO
500.000
7,500 4-2,5*10
2
1*
15,000 'IK
6,000 +9,000
6 00.000
8,250 +2,750
2
ll,o00
550.000
18
5,5n0 ..No dividend. +5,500
550.000
1
2
16.000
2
16,000
800,000
5,000 ..N o dividend. +5,000
2'0,000
2
10,000
7,500 +2,500
500,000
2
IK
4
12,000
4
12,0)0
300,000
750.000
22,500
2
15,000 +7.500
3
750,000
3
22,500
11,250 + 11,250
IK
550,000
8,250
6,875 +1,375
1‘4
i*

T o t a ls .......................... $21, *23.000
• On capital o f *400,000.

Increase
or

P. C. A m ount. P. O. A m ou n t. Decrease

1 99

$433,250 tl-50

321.425 +111,825

t On capital o f f21.378.0J0.

Jute B utts, Bagging, &c.—The market for jute bagging
has been entirely devoid of animation.
Quotations are
unchanged at 3%c. for 1 % lbs., 41^c. for 2 lbs. and 4%c. for
standard grades, Car-load lots of standard brands are quoted
at 8%c. for 1% lbs., 4‘4 0 . for 2 lbs. and 4%a. for 2!^ lbs.
f. o. b. at New York. There has been no demand for jute
butts. Nominal quotations are li^c. for papar quality and
l^ c . for mixing.
The Exports of Cotton from New York this week show an
increase compared with last week, the total reaching 18,210
bales, against 11,834 bales last week. Below we give our
usual table, showing the exports of cotton from New York
and the direction, for each of the last four weeks; also thP
total exports and direction since Sept. 1, 1895, and in the last
column the total for the same period o f the previous year.
E X P O R T S O F COTTON (B 4 L B S ) F RO M N E W F O R K SINCE 8 E P T . 1 . 1 8 9 5 .

Week Ending—
Exported to -

8a mt
period
previou
year

[ Vol , LXII.

N IW YORK.
Receipts
fr o m —

N. Orleans...
8avann’h &c
Mobile ......
Florida........
8o. Carolina

T h is
S in c e
w e e k . S e p t. 1.

5.354
3,054
7,261

185,660
148,619
101,014

1,377
400
1,650

6,030
56,676
15,241
41,338

BOSTON.
T h is
w e ek .

S in c e
S e p t. 1.

1,881

15,812
85,339

3,000
3,022
3,797
3,724

P0,18i
129,800
78,133
36,518

PHILADELPH’A

93

2,549

1,187

3,000

648

3,964
3,608
28,148

Since
S ept. i.

.......

29,907

........

V irginia.. ..
North, ports
Tenn., &c...
Foreign.......

1,803
80

T otal........

20,829

691,983 15,404

405,787

741

Last year__

23,105

942.747 11,108

476,934

1,114

41,962
4,816

B a l t im o r e .

T h is
Since
T h is
w e e k . Sept. 1. w e ek .

..

41,539
..

722
4,889

37,900
...........
109,408

96,490 10,769

225,475

.........

36,269

S h i p p i n g N e w s . — T h e e x p o r t s o f c o t t o n f r o m t h e U n it e d
S ta te s t h e p a s t w e e k , as p e r la tes t m a il r e tu r n s , h a v e r e a c h e d
146,320 b a les. S o fa r as t h e S o u t h e r n p o r t s a r e c o n c e r n e d th e s e
a re t h e sa m e e x p o r t s r e p o r t e d b p te le g r a p h a n d p u b lis h e d in
the^OnRONiCLE la st F r id a y . W i t h r e g a r d t o N e w Y o r k w e
in c lu d e t h e m a n ife s ts o f a ll v e sse ls c le a r e d u p t o T h u r s d a y .
Total bales.
N ew Y o r k —T o L iveroool, ner steamers Aurania, 1,819 upland
and 91 8ea Island ...N om ad ic, 1,421. .............................
3,361
To Hull, per steamer Ohio. 3,150 ............................................. 3,150
To London, per steamer Lu igate Hill, 4 0 * ......... ....................
403
To Manchester, p er steamer Cuvier, 1,463 upland and 2 JO
Sea Island ....... .
..... .
................... . . . . . . . . . . . .
1,758
To Havre, per steamer La Gisoo^ne, L.522 upland and 75
Sea Island . . . . . ... ..................... ...........................................
1,597
To Bremen, pe-steam ers Adler. 6>8 .. H. H M uer, l.674
2,332
To Ham‘>U'*g, per steamer Patria, ».3 3 3 ............ ......................
1,338
To Antwerp, per steamer Westernlau 1, 54 i ....... ......................
54 $
*o Christiana, per sfcea n *r Hekla, i9 i ..................................
293
To Genoa, p -r steamer Elyria, 2. »71 ....................................... 2,572
To Naples, per steamer Elysia, 855 ............................... .......
855
N ew O rleans —T<> Liverpool, per steamers A U va, 2,967 . . .
Barbadian, 8,100___Costa Rican. 4,677 ..D a ten, 2.750
___Hilary, 2 ,9 L 3 .... Traveller, 4 ,1 0 0 ___ Y ncat m, 4 ,8 6 0 .. 31,367
To Havre, per steamer Hi .-bland Prince, 3 ,2 * 7 ..... .............
3,2 37
To Hamburg, per steamer Star Cross, 30 »......... ....... .............
300
T<» Rotterdam, per steamer Glenw >od, 6 )0 . . . . . . . . . . . . . . .
600
To Antwerp, per steamer ELgh’a i l Prince, 8 ........................
83
To Genoa, per steamers B jnrath, 6 ,4 3 ) ..J . Jover Serrt,
12,689
6,254 ..................................... ...................................................
To Naples, per steamer Banratn, 1,070 ............................... . . 1,070
Galveston —T o Liverpool, per steamers Benridge, 7,585 ...
B lairm ors 4 ,7 3 2 .......................................................................... 12,317
To M inch ster, per steamers H a m p toi, 3,303 ..W oolor,
% 2 1 2 ..................
9,021
To Havre, p er steamer Wenni lgt >i H 31.7,3 »0 . . . ......... . . .
7.300
I’o Bremen, per steamer Blonhe m. 4,6 82..................................
4,682
To Hamburg, per lea rn er Cedar Branch, 250 .........................
250
T exas Cit y —T o Havre, per steamer Wenuington Hall, 1,800. . 1,80 )
Mo b il e —T o Liverpool, per steamer Mobile, 8 849........................
8,849
Savannah —To Barcelona, per steamers Pontiac, 4 ,2 )0 ............ .
4,250
B runswick —To Liverpool, per steamer Ramnre Head, 8,937. . 8,937
To Bremen, per steamers Bengoce Head, 3,33 3 .. .. Ceelin
Head, 1,923..............................................................................
5,253
Charleston — Co Bremen, per steamer Glenloig. 7,8
....... ......
7,839
Boston— p » Liverpool per steamers Ooriutnia, 1,077 upland
a n l 25 Be a Island ...K a n sa s, l 5 55 npl ind and i o j Bea
Island . . . Norse nan, 8 75 .........................................................
3,642
To Yarmouth, per s earner B >scon. 12t.....................................
1 £4
B altim ore —To lo dnn, p ir steamer L ord Eru i. 2 J o ..............
200
To Bremen, per steamer Roland, 2,899 . . . ........................ . . 2,899
To Rotterdam per steamer Urbino. 3 0 i ) ..................................
30 3
Ph il a d e l p h ia - T o L iverpool, p «r s t ^ m e ” In ti m a, 29 3 ...........
293
3 an F rancisco — To Japau, pei stea.ue j Coptic, 1,3 jo . . . . . . . .
1,895
T o ta l...................................................................................................146,3 20
T h e p a r tic u la r s o f t h e s e s h ip m e n t s , a r r a n g e d in o u r u s u a l
f o r m , a r e a s fo llo w s .
H u11,
R'dam,
Nova
ManBremen Antic'p Spzin Scotia
Liver- Chester <£
& H am -<£ Christ-andand
p )ol. London.Havre. burg. ianu. Ita'y. Japan. Total.
New York. 9,361 5,316 1,597 3,670
83 ) 3 4 27
18,210
30,347
3.237
390
683 13,759
48.316
S Orleans.
Galveston.. 12,3 L7 9,021 7,300 4,932
33,570
.
.
.
__,
___
__
.
.
.
.
.
.
.
.
.
.
.
1,800
1.800
Texas City
......
Mobile....... 8,8 t9 . . . . . . ...... .... .
8,819
__
Savannah..
...... ......
4,250
4,250
Brans wick
8,937 ___
14,193
5,256
....
__
___
___
Charleston.
7,839
7,839
3,642 ___
3,766
Beaton. .. .
124
200
300
Baltimore..
2,S»9
3,399
__
__
PnlladelV .
293
293
1,805
San F ran..
.........
....... .........
....... ......... ......... 1,805

Feb.
7

Feb.
14

Feb.
21.

since
Sep/, l

9,970
2,651

2 .-6 0
939

3,361
5,316

133,931
42.477

219,910
71,334

Below we add the clearances this week of vessels carrying
otton from United States ports, bringing our data down to
the latest dates.

T ot . to G t . B rit ' n . 9,667 12,631

3,799

8,677

176,403

291,244

G a l v e s t o n - T o L iverp ool-F eb . 14—9teamer Francisca, 3,450.

527

1,597

1 9 ,'8 1

24,973
4 0

Jan.
31

L iv e r p o o l................... 7,236
Other British ports . 2,431

Other French ports..
T o ta l F ren ch ___

1,22)

1,502

......
1,225

1,502

527

1,597

19,781

25,373

4,940
614
1,2)2

2,901
1,463
1,446

2,965
73
913

2,232
1,338
839

59,765
24,012
33,495

'32,046
29,673
45,223

3,951

T ot . to N o .E urope

6,836

5,815

4,509

117,272

106,942

Spain. Italy, & e.........
A11 o th e r ....................

4,014

200

3,30 7 3,427
......

39,865
817

44,459

T o ta l Spain , & c ..

4,014

200

3,607

3,427

40,682

45,333

G rand T o t a l ___ 21,742 20,148(11,884 18,210

354,143

468,892

T he F o llo w in g

a r e th e d r o s s

R ece ipts

of

C otton at

New York, Boston, Philadelphia and Baltimore fo r the past
week, and since September 1,1895.

T o ta l. . . . 67,766 14,537 13,931 21,896

1,82 2 21,436

1,929 146,320

l’o H am burg—Feb. 20—Steamer Dartmoor, 30 >.
T exas Cit y — io Liverpool—Feb. 14—Steamer Francisoa, 3,214.
Ne w O r l e a n s - T o L iverpool—Feb. 17 -stea m er Jamaican, 7,708.
To M anchester-F eb. 20—S team er Daniel, 5,799.
To Havre—Feb. 18—Steamer Pereian Prince, 5 7 5 .......Feb. 21—
Steamer 8taniey Hall, 11,271.
To A ntw erp—Feb. 18—Stea uer Persia ) Prince, 497.
To Barcelona an 1 Gun >a -F eb . 20 -Steam ^r Gran Ant ill 7,310.
Mo b il e To Bremen—Feb. 15-S team er Verax, 7,357.
Sa v a n n a h —To Genoa—Feb 21—Steamer AbertVld.y, 5,230.
C h a r l e st o n — To Bremen—Feb. 2 1 -S team er North Gwalia, 6,302.
PORT R o y a l - To L iv erp ool-F eb . 17 -S team er Santanderlao, 5.315.
No r f o l k —To L iverpool—Feb. 15—Steamer Pinn r’s P oint, 3.728.
To H am burg—Feb. 19—8tea ner Dora Foster, oOO.
Bo sto n — To Liverpool—Feb. 12—steamer VioDorian. 9,799 upland and
280 Sea I sla n d ....F eb . 13—Steamer Michigan, 1,172 ...F e b . 17 —
Steamers O tton iD , 1,583; Samaria, 1,232 upland and 110 S e i
Island
Feb. 18—Steamer Columbian, 553.
To ta m outh—Feb. 1 4 —Stainer B jston , 9 * ....F e b . 18—Steamer
B o sto n , 107.
B a l t im o r e ro Liverpool—Feb. 11— Steamer Ulstermore, 1,411 upland

and 952 Sea Island.

P h il a d e l p h i a — To L iv erp ool-F eb . 14—Steamer Rhynland, 390
S a n F r a n c is c o —To Japau—Feb. 15—Steamer Gaelic, 1,109.

THE CHRONICLE.

F ebbttauy 22, I8a6 J

Coiton. fret,m u cue pant weak mive basa as follows.

377

OA lLr CLOSING PRICES OP SO. 2 R E D W IN T S R W H S A T .

Sat.

Satur.

Tuts.

Jfoit.

Wed nett. Thurs.

S
w :
T:
*

332
%3
H't
Hi
Do
......... e 1 *»*
23%f~%
2
2
%
f-%
22%
t-%
22%!--%
H am s................ . .c
■7
D unkirk. ...........e
2331154 2 3 9 551 23*251 23 9 251 23®'25*
25t
B rem en.............. . «
Do ___
e
2 ii
251
25»
24t
251
251
Do
.............c.
30*
30f
253*30, 25 330>
30~
301
A m s te r d a m ....... c.
Reva!. v. Hamb d.
3.8
»-*
3i«
he
3IS
3i«
D o V. H tllL..d. '-hm
-h s
'iJl2i
2*124
«1 8
B aroaloaa.......... </.
801
s o T ~ 3 0 i-s i 2 30195^1 301 * 6S 3 0 ( 3 ^ ,
G enoa - . . . . _____ 4,
W-!.
T rie s te ................ ■/.
1%,
uM
»6 l
»»S*
A ntw erp..........
%3
3:vi
ht
%:
%
Ghent, v. Aacw'p.rf
%
%
%
%
%
» Oeats net per 100 lbs.
l a vespool. —By table from Liverpool we hav.- the following

tatemint of the week’s sales, stoolrs.

at that port.

/<»*. 31 i Feb. 7

Feb. 21

Feb. I t

Bales o f the w eek.......... »<*!-* : 63.000
17.000
53.000
56.000
1,600!
1,700,
1.700
O f which e x p o rte r. took . .
800
2,100
2,000
O f which speculator* took ..
2 ,00 0:
400
51,000'
Bales A m erican........................
5 ’,000
13.000
51.000
6,000
- . 000,
Aetna; e x p o r t............... . . . ..
7,000
7,000
70.0001 m .o i o
66 , 000 Forwarded................................. .
60.000
Total stock—Estim ated______ t. ,103,000 t, 100.000 1 , 1 5 6 . 0 0 0 1, l f< 0 0 0
Of walob Am**ri<5aa—Kitta.'-:
90 *,000' 909,00b 943.000 931.000
77.000
04.000 130,000
Total Import o f the week-----3 5,000
51.000
50.000
O f which American ............
117.000
23,000
170.000 185.0 n 1 5 1 . 0 0 0
Amoaut afloat........... . . .
2 0 1 .000
O f whloh Am erloan.. ..
165.000 DD.OOo; 1 3 0 . 0 0 0 185,000

The tone o f the Liverpool mirket for s sots a n ! futures <*;tcb
day o f the wees eating Feb. 2 an t the -lail? doling: price*
of spot cotton, have been as follows.

Market, i
1:45 f. *.5

Qates.

Tbtmdat. W e f <-/. TSuitiT*. fhr%4atj
§C##4SIS#.

*.#€'*1
4? h

Mid. Opt’d*.

417,-s

41%

4***i

S a ils . .
Spec. A e x p

7.000
500

8,000
500

8.000
500

Future*.
QnbR *t
Market, t l.«4*SeM
1:45 1-. x . j a.oTice.
Market, > Qai*t .n«*
I f . * , j • t«a r.

Dull » t
MH S*.
elm#.

11

Saturita* Monday

m

Spot.

v «> « «

4%

12,000
1,000

12,000

W
a
##»•#.

'S t S 'm
marmam.

non.

500

Q&lml ami ymlmi. ami jnlmt mrd
•UrnH.f,
#1
mmdr-

0 «> «-

below. Prices are on the baft* if U p la n d s , L » w
olatise, antes* otherwise w e d .
S a l 11r .

*%ir

rntm.

Tom.

W ed.

M id d lin g

T liu r s .

Ifon.

March d elivery ......... ..c. 74%
Hay delivery................ o. 72%
June delivery............... e. 71%

73%
71%
71%

July delivery....................o. 71%

71%

Tu.ee.
73
71%
71%
71

Wed.
731%
71%
71%
71%

Thiirs
738
71%
70%
70%

F ri.
725s
71%
70%
70%

There has been a quiet market for Indian com futures and
prices have weakened slightly, particularly for the distant
deliveries, prompted by expectations of an increased move­
ment of the crop and in sympathy with the decline in wheat.
In the spot market business has been quiet but offerings have
been small and prices have been well maintained. The sales
yesterday included steamer mixed at 37 k£c. delivered: steamer
yellow at 36}7c. in elevator; No. 3 yellow at 37c, in elevator,
and No. 2 white at 38J£c. c. i. f. To-day the market was
dull and irregular; the near-by deliveries were stronger with
the spot market, but the distant months were easier. The
spot market was firm but quiet. The sales included steamer
mixed at 36c. in elevator and No. 3 mixed at 35}7c. in
elevator.
CLOSING PRICES Ok * 0 . 2 MIXED OOBK.
Sat.
Mon.
Tuts.
Wed. Thurs.
36%
,0. 36%
February delivery.........o.
36%
36
36%
May d eliv e ry .................. o. 33%
36
36%
33%
36%
0, . . . .
Juno d elivery................. c,
....
3S%
July delivery...................0.
o. 37%
37
37
37%
37%
D A IL Y

J9Vi.
36%
38%
36%
37%

Oats for future delivery have been dull and prices have
made fractional declines in sympathy with the weakness of
wheat and corn. In the spot market only a very limited
amount of business has been transacted but prices have ruled
firm. The sales yesterday included No. 3 mixed at Sol^c. in
elevator and No. 2 white at 28J£c. Jin elevator. To-day the
market was firmer on buying by a few “ shorts” to cover con­
tracts. The spot market was firmer but quiet. The sales
included No. * mixed at 2V% & 23%c. in elevator and No. 3
white at 37c. in elevator,
DAILY CLOSING PBIOM OP NO. 2 MIXED OATS.
Sat
Mon.
Tttat.
Wed. Tbttrt.
25%
,.0. 25%
25%
‘25%
25%
25%
‘2 5%
25%
25%
May delivery .
25%
f.O 25%
25%
25-%
25%

Fri.
25%
25%
25%

Barley has received a limited amount of attention and prices
have been unchanged and firm.
PL0U8,

« n » . f
bbl. *2 0 0 * 2 35 Patent, w inter...........$3 75 9 * 4 0 0
2 2 5 * 2 60 City mills ex tra s.......
Saperflne.............. .
4 20
Extra. Ho. 2 , . . . . . . . . , 2 1 0 9 2 80 R ye Hoar, suportlne,. 2 5 0 9 2 90
2 5 0 * 3 15 B uckwheat Hoar....... 1 25 9 l 30
Extra,JCo. 1....... .
O s a r* .......................... 2 7*-» 3 to Corn m e a lstra ig h ts.................... 3 4 0 9 3 70
W esteni. A c ,.......... 2 1 0 9 2 15
Patent, spring.......... 3 5 0 9 3 80
___ . ....................
B randyw
ine.......... .
2 20
[W heat ttoarin sack* sells at prices below those for barrels J
Wheat—
e.
Spring, per bash
70
Red winter No. 2
80
Red w i n t e r . , ____ 73 »
W hite.......... ......... . . . . •
Oat* -M ix e d , per bn. 2l% r»
W h it e ............ .
gr>%9
No, 2 m ix e d ,......... 25% a
No. 2 w h it e ........... 27 a

GRAIN.

e.
77

81%

S3
---20%
28 %
26%
28

I Corn, per b u s h West'll m ixed ____ _
No. 2 m ixed....... .
W estern y e llow ..
Western W hite___
R yeWestern, per bush.
State and J e rsey ..
Barley—W estern—
State 2-rowed.......
State 0-row od.......

o.

35% *
36% 9
30% 9
30 9

0,

38 %
38
38
50

.... 9

38

9

.... 9
___ 9

F rt,

The movement o f breadstuff* to market as indicated in the
statements below is furnished to us by the Statistician of the
New York Produce Exchange, We first give the receipts at
Western lake and river ports, arranged so as to present the
1 4. . 4. d. d ~ ~4, >1. 4. it. ,1. d. <1. d.
■1 2 6 ’ 1 27 1 22 l 21 1 21 t u t '21 i 22 4 23 I 21 4 26 4 20 comparative movement for the week ending Feb, 13, 1698,
Felt.-Mod.. i a s 1 an 120 1 19 4 22 4 22 4 1 9 I 1 9 4 22 i n> 1 3 i 4 as and since August 1, for each o f the last three vears:
Molt-Aprtl, S 31 I 21 t 10 4 1 8:4 20 4 20 1 Is 1 IS 421 l IS 4 2 3 't 23
A p ril-.'la y . 1 22 1 23 117 4 17 4 10 t 19 1 16 l 16 4 19 4 10 4 22 4 22 tttaim* at-J Jtaur.
Wluat.
Oatt.
Barley.
Bye,
60m*
M X f-i nne.. 1 23 1 32 i 17 4 16 4 19 4 IS 1 13 l 16 4 IP 4 10 4 21 4 21
sUi.itmuuBmb.«otbt BmhMlb* BiuKiiU,. Btuh.iMV. finM the.
Ju ne-Juty. 1 21 121 l Ifi 1 its 1 11 1 17 4 13 l 15 t i s 4 1 3 .4 2 0 4 20
July-A nit.. 1 20 l 21 1 1.5 4 IS 4 17 4 17 4 14 1 1 5 4 17 4 18 4 20 1 20 Ghlm&o,..,*,
1,3*81.025 303,961
37,240
Ang.-SepS., 1 IS l 17 1 13 l 12 4 15 1 H 4 12 4 13 4 15 4 1-2 l 17 4 17 Milwaukee..
20.800
mjm\ iw.700
!»4,0WJ
25,820
Sept. O c t .. 1-1 10 l Oil. I 0 6 4 0 3 4 OS -1 OT 4 0 3 4 0 3 4 OS 1 03 4 09 1 03 Daluth ......
8.431
u.om
2 515
Oct.-Xuv .. l 0 6 1 0 6 1 0 2 i 0 1 :4 111 4 0 3 4 0 2 4 01 4 0 1 4 01 4 05 S 05 MirmeapoIBu
l/n.'.c-1
54,7*0
......
Vev.-DicC.. % 0 3 ’ 1 0 3 1 * 0 3 1 01 i on 4 03 4 01 l OO 1 0.1 t (10 4 05 4 05
T
oh
-l»».
Dec.-Jan.. l 0 6 1 Ot, 1 0 2 4 o i 4 0.1 4 03 4 O lid 0 0 4 03- l 0O,t 05 4 03
UtilfiM......
32.8I0
30,198
n*m
25.4«»
847
m.m.9
10.10P
d#v*hu>'<i...
12.7M
524.125
St. Loali.,,..
m :m
284.710
101,1*W
m*m
B R E A D S T U F F S .
5.400
Pe-irla... ..
m;m
3145,tOO 2«4,$50
2,400
*4,100
F riday , February 31, UK»6
KnmmCity.
......
SAW*
...4.
l*.,r wheat flour there has continued a v».ry quiet market,
Tot.wfc.’SM
l.
imjm StS$MS& i,593.»'JS 1,867,779
m%mi
S3.218
f o ' - f . owing to a decline in wheat vita si, having been rank- SA
e nk,m.
mumt
m jm i.iM.isr
1,218,785
73,852
in sc low bids* and &&holders Imre shown w r y little dhprm* Smm
nm
\mM$
1,101,255
31,135
tmjm
tin i m grant couceaston*, bastase* has necessarily been slow. Sine* A%%. t.
L a y m ills h a v e been quiet without c h a n g e . l i r e Hour
l-W-W! ... fl.VKl.SW14S,S74.7Stf rojm.i'Hi BS.MS8A4B 28.3B8.760 2,018.310
his Hill slowly bus prides have bsen umnitnged *rn«* d e­
im
f
4a{*JUO,Sl'2.*M7 4H.HI.00i 03,045.522 ta,r»*8.939
tssrswst ...
mand for buckwheat has been very limited bat values have
llX704Jl i mxm
7-t 141^48 32.189.935 2484M*
ru led s te a d y . C o rn m«-al has been quiet but s te a d y . To d iy
tin receipt-i >1 ilour ami grain
Me ooauORXll ports for toe
the market for wheat Hour was quiet and unchanged.
week ended Feo. 13, 1896. follow:
Speculation to the market for wheat future* has been rather
■V
hFJXX
,
B arley
Oam
nm.
'•eHol* at—
bbl*.
bush.
>U*n„
Oil#h,
p i
«|ii -t and prices have gradually weakened in response to dull Sew
rork...,..... ... t2i 04 J
38.275
»*§ mo,bin 375,1*0
W.723
aail easier foreign advices, and during the latter p-irt of th<* H>3ton ............. kQ37*1
13,400
01.100
Montreal.
:t,0:0
2-5.7*7*
week a report, that the reserve of last year's crop in f irm -r-.' Eh iiad*Ipbla........
imMs
w
m.mi)
hands was 120,000,000 bushels caused additional we*ko**s. Baltimore..
i‘J,8S6
n .m
1.323
m s
N-ii.OJI
liloticn o n d .,.,..,...,
*,m5
l*,W
l <.000
7 Wednesday, however, there was a slight rally in pries, Hew orM*an». . . . . . . .
21.100 3H.2M
5?,6«0
stimn! .ted by a fairly active demand in the spit market
. Total wmk, ....
301.72J
055,518
nom shipper*, though the amount of business transacted Week
ISOS.... . . . . . . mjm
248,7*3 nm
3-* 1.520
m o55
C’f 11
wa’ vefr !'™itad. lh " rate yesterday include i
The total receipts at porta named In last table from Jan, t
No, 1 Northern at 3'-4'c. over 41 ay f, 0. b. afloa>; N j, l h ird to Feb* 15 compare as follows for four years:
spring was ,|uoted at I ,e. over May f. o, b. afloat. To-dav
tiecHpltOf1838,
1894.
1893.
m .
the market was « !« f« and weaker in response to dull and Wkmr,
..btu«. 2.234,324
2,290,295
a, h i , it *
1.710.17?
easier foreign advice*. In the spat market shippers w-re W heat........ . .ho«h,
2.:m,9'tS
%101.855
2,339.819
4,703,338
report* 1 to have been moderate buyers. The sales included
3,188,891
5.372,04 7
19,693,443
5SS: : : : : : : : : : : :
IW II
4380,813
3,3 >8.080
4,874,998
Us L i
•L 4^ . ¥ c ' " vcr M a y f.o h, afloat and
559,817
921,059
909,1*5
44
fVA. 15 to

m . si.

J,

e u

12 %' 1

IMS 1 1:15
I*. M r. v. 1%« P- >«. !•. M.

eir « V ! r c ?

10

No. 2 hard Manitoba at

4 ''IMS T " 'll *5 1 1:45 1
M, 15*. *•
p. *.'»». sa. r. v

o v e r M ay f. o. b. all >at: a ls o

over May f. o. b. afloat.

^

Rye..

’ I.’ "

73,378

58,031

Tot#! irrsUn.

20^69,509

9.433,183

20,798,888

10,4AM 2

THE CHRONICLE.

378

[V ol. l x h .

The value of the New York exports for the year has
oeen $1,282,596 in 1896 against $1,127,790 in 1895.
~
Pccu,
The demand for brown sheetings and drills has again been
Rve%
o a ts
Flour,
IVheat,
Com,
bush.
bush .
hush.
bbls.
bush.
bush.
Exports from—
50,120 disappointing, as, although inquiries and bids are numerous,
76,051
1f 8.394
, 531.024
273.898
1.600 actual sales have been of limited extent. Prices continue de­
53.138
. 188.991
60,201
10.297
46.063
18.225
cidedly irregular and in favor of buyers. Brown ducks and
17.167
216.344
Philadelphia........ .
**“ 800 osnaburgs inactive and irregular. Bleached cottons in all
74.184
. 22.80*6
718,055
80
5,278
2.400 1,210.348
grades are selling quietly' and the response to the new prices
536
334,446
*50*000
has hardly come up to sellers' expectations. W iie sheetings
17,424
821,611
Newport Nows....... ...........
Montreal................
have been generally reduced some 10 per cent and sales have
68,817 been made more freely than of late. In coarse col­
289,312
126.131
Total week........... 744.215 3,181,496
23,826
3,080
189,355
gam utlm o 1895...... 763,190
530,101
ored cottons reductions ranging from ]^o. to
in
The destination of these exports for the week and since denims, checks and stripes, cheviots and low-grade
8ept. 1, 1895, is as below. We add the totals for the corres­ ticks have been recorded, but so far the general
ponding periods of last year for comparison:
demand has not been stimulated to any extent. In other
Wheat.-------- . ,---------- Com.----------* directions staple goods have continued dull and in favor of
Flour.---------Week Since Sept.
Week
Since Sept.
Exports for
Week
Since Sept.
buyers. Fancy calicoes and other regular prints have been
Feb. 15.
1. 1895.
1, 1895.
Feb. 15.
'
1, 1895.
%oeek and sines Feb. 15,
bush.
bush.
bush.
bush.
bbls.
Slept. 1 to—
bbls.
ordered more generally this week, but individual purchases
509.904 15,853,112 1.627,939 26,865,467
nlted Kingdom 230,281 4.141,769
Smtlnent ......... 11,142 685,989 231.911 5,987,335 1,304,599 17,007,686 are still moderate. Specialties are fair sellers. Staple ging­
273.705
11,100
17,131
2,400
703,137
B. * C. Americ%. 18,148
309,891 hams have sold in considerable quantities at reduced prices ;
3,500
13.194
5^7.452
W est I n d ie s . .. 25.404
233,071 dress styles inactive and irregular.
3,000
10,387
A sale of print cloths at
187,994
Brit. N. A. Cel’s.
4.304
331.596
453,200
142,250
27,550
Other countries.................
Boston is reported at 2 ll-16c. for 61 squares but at Fall
744 215 22,311.853 3.181,490 45,081.416 River 2 % c. still reported, without business.
Total .............. 259,342 0,193*841

The exports from the several seaboard porta for the week
ending Feb. 15, 1896, are shown in the annexed statement:

Total 1894-95. ...

189,35j

703,196 23,157,084

0.310,943

530,101

8.885,790

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Feb. 15, 1896, was as follows:
Wheat,
bush.

In store at—

New Y ork................... 4,227,000
Do
afloat.......... 461.000
A lb a n y .......................
B uffalo....................... 2.S4 0.000
259.000
Do
afloat........
•Chloaao ..................... 20,578.000
Do
afloat....... . 148.000
Milwaukee................ . 418,000
Do
afloat........
176.000
D uluth...................... 10,713.000
Do
afloat....... . 512.000
. 7^5,000
T oledo...
Do
afloat.........
D etroit...................... . 306.000
Do
afloat........
St. Louis.................... 1,304.000
Do
afloat........
Cincinnati..................
17,000
B o sto n ........................ 899.000
27.000
Toronto......................
Montreal....................
583,000
458.000
Philadelphia..............
1O.000
Peoria.........................
, 113,000
Kansas City.............. .. 1,402.000
141.000
Baltimore...................
Minneapolis............... .20,094,000
4)n Mississippi River
On Lakes...................
O n canal and r iv e r ...
Total
Total
Total
Total
Total

Feb. 15.1898.65.927.000
Feb. 8,1896.06,119.000
Feb. lfi. 1895.80,734,000
Fob. 17, 1894.78,66*000
Feb. 18,1893.80.216,000

THE

DRY

Corn,

Oats.
bush.

bush.

Rye.

bush.

25,000

3,529.000
3,512.«»00

1.805,000
225.000
90,000
29.000
223,000
925.000
009,000

84,000

882,000

624,000

117.000

126,000

23,000

12,000

*'9,000

427.000
40,000
15,000
107,000

2,000

120.000

448,000
124,000

6,000

304.000
7.000
715,000
250,000

8.000

5.000
1,587,000

01,000

16S.000

421,000
3U.O00
204,000

170,*666

GC6.000

5,000

25,000

12,000

**28,000

70,000
197.000

86.000

3,000

244,000

4,000

33,000
49,000
525,000

*27.006
94.U00
120,000

8.000

...........

11.960.000
12.174.000
12.651.000
17.787.000
14.703.000

6.956.000
6.540.000
6.932.000
3.280.000
5.687.000

12,000

GOODS

1.553.000
1.554.000
353.000
547.000
917.000

Rarity,
bush.

to

feb.

W eek

Great Britain..................
9
Other European...............
45
China...............................
......
India.................
Arabia.........................
| ....
Afrioa..........................
24
West Indies.......
235
Mexico............... ........ *"
35
Central America__
34
Booth Amerloa..........
258
Other Countries..............
159
Total...........................
793
China, via Vancouver*... .......
799

S in c e J a n . 1.

254
993
11,051
1,976
700
2,021
2,113
327
1,133
6,632
551
27,751
2,532
30,283

3,290
3,290

1893.
Feb. 18.
None.
None.
None.

T otalsto ok (Dleoesi___ ..937,000

208.000

487,000

None.

W oolen G oods . —The conservatism of buyers of men’s-

Im p o r t a t io n s a n 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

W e e k . S in c e J a n .

415
22
82
2,527
16

1894.
Feb. 17.
179,000
250,000
58,000

wt ar woolen and worsted fabrics for fall continues marked.
The orders coming to hand this week have represented but a
limited amount of really new business, a number of them be­
37,000 ing but placing elsewhere orders placed with other firms pre­
152.000 viously and canceled as buyers have found new and cheaper
lines put before them. Prices show considerable irregularity
in goods from 60c. to $ l 25 in both piece-dyed varieties and in
fancy cassimeres and chev'ots under force of competition of
90,000 this kind.
Clay worsteds continue dull and unsatisfactory in
6,000 both domestic and foreign lines. High-grade fancy worsteds
74,000 are steady.
Satinets inactive, as are cotton mixed goods
Cloakings are attracting more attention in fall
2l,00n generally.
57,000 lines but overcoatings continue dull and irregular.
Dress
goods generally steady with a moderate business. Blankets
selling fairly well for new season at firm prices. Flannels
quietly steady.
242,000
F oreign D r y G oods . —Specialties have been in fair d e ­
mand in imported goods, novelties in ribbons, silks and dress
goods attracting considerable attention from small buyers.
2.295.000 Staple lines quiet. Fall business also quiet, only a moderate
2.562.000
number of importation orders being recorded in dress goods,
1.065.00
1.372.000 silks, men’s-wear fabrics, etc.
1.908.000

461
236
3,595
418
3,828
2,062
2,620
403
1,188
9,247
'555
24,615
1,000
25,615

The importations and warehouse withdrawals of dry goods
at this port for the week ending Feb. 20, 1896, and since
January 1, 1896, and for the corresponding periods of last
year are as follows:

I

£
B

13

B

L

£3

g s>

2 a
0 '• o

o :
is:
03 •
0 :
0
•a.

1.

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61
17
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At Fall River, 64 squares.. ..440,000
A.t Fall River, odd sizes___ ..353,000

1895.
Feb. 16.
86,000
23,000
99,000

21.000

TR AD E .

1896.

17 .

1896.

115.000
167.000
15.000
1.037.000
250.000

New Y ork , Friday , P. M., February 21, 1896.
There has been rather more business doing in the cotton
goods market this week, but the increase has been of m od i­
fied extent, and more in response to open reductions in quo tations last week and this than the adoption of a freer policy
on the part of buyers generally. The market is passing
through a period of price revisions marking the limit to which
the recent sagging tendency has carried values in different
lines of merchandise. Buyers m aybe unsettled to soms ex­
tent by these changes and may be awaiting further develop­
ments, but their continued inactivity is also due in part to
the slow progress the money market has made towards nor­
mal rates for commercial paper. Accommodation is still d if­
ficult to secure and this cramps any innate disp isition which
might, under more favorable conditions, find expression in
freer provision for future requirements. The attendance of
buyers this week has been considerable, but their attention
has been conficed chiefly to spscialty and jobbing houses.
* here has been a dull market for men’s-wear woolens and
worsteds, in which prices are still irregular. Some improve­
ment in collections has been reported this week.
D omestic C otton G oods —The exports of cotton goods
from the port for the week ending February 17 were 799
packages, valued at *51,870, their destination being to the
points specified in the tables below :
New Y o r k

Stock, o f P rin t Cloths—
Feb. 15.
At Providence, 64 squares. ..201,000

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THE CHRONICLE.

F ebuuary 33, 1896.J

g W £

m v

C ity

TERM S

OF

V tfA ti m m .

S U B S C R IP T IO N .

Tire I nvestors ’ S upplement will be furnished
to every annual subscriber of the
C ommercial a n d F in a n c ia l C hron icle .
T he State a n d Cit y S upplem ent will also be fur­
nished w i t h o u t e x t r a c h a r g e to every subscriber of the
C h r on icle .
T he S treet R a il w a y S upplem ent will likewise
be fam ished w i t h o u t e x t r a c h a r g e to every subscriber
of the Ch r o n ic l e .
T he Q uotation S upplement , issued monthly, will
also be furnished w i t h o u t e x t r a c h a r g e to every sub­
scriber of the C h r o n ic le .
TERM S for the C hronicle with the four Supple­
ments above named are Ten ollars within the United
States and Twelve Dollars i i Europe, which in both
cases includes postage.
w ith o u t ex tr a ch a rge

Terms of Advertising— Per inch space.)
O i . n a * ................................S350 1T ar
Months (13 tim e s)..fS S 00
O is Month
<4 tim e*).. 11 00 S ir oaths
136 tim es)-. 13 00
Two Months
<8 tim es).. IS 00
Twelve Months (52 um. - i .. AS 00
(Tae above terms for one month end a o w sn t ere fo r staudln* oariis.
~ —•

I'liMii.— . .

....... ",

■»i

.

............— .....................................................................-

. >c
o ) tat* s ta t e a u u t-U> J)t'i»artliitil. I
la to fnrniah our subscribers with a weekly addition to and
con tinnation of the State and Cmr SuppmuoafT. In other
words, with the new facte we shall give, tne amplification,
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
State and City Supplement to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopedia of information naspec-tiag
Municipal Debts._______________________________________
Par Roekaway, X. X.—tt md Jttju « t i »
Tne Par Rockaway 9 per cent gold sewer l>mill for $75,000. which wore
mdverd»ed for .ale o i lb ) 13th instant, were not marketed, as
a temporary injunction wi* obtained re-raiatng t ieir issue.
Theord-r was »erv-d on all tbs mombera of the Sewer
Board and on the Trei.surer of the village. The anion i.«
brought by a t axpayer nod -r the law to prevent waste of
village fund. It i« »tu d that the Sewer fliard has pro­
ceeded irregularly in many of Its acts, that ic hat no power
to lay is* pipes in s >ae of the sire sis «t B iv * w «* r, that no
proceedings have ever been taken to condemn a right of way.
and that the village ha. exceeded the c insiitutional limit of
bonded indebtedness of 10 per cent on the valuation of prop­
erty, and upon the further ground that LawrenceT. Mulbearn
and J. Carl Schmuck have o i l e d to become members of the
Board o f Sewer CotimDatoners by re .son of hiving removed
from the village of Far Rack away,
Tha securities were to b i d ttei Feb. 1, 1898, interest pay­
able semi-annually on Februiry 1 uni August 1, at United
States Mortgage & Trust C )., N •v Y irk City, aad the p incipal to mttura February 1, 1918.
fo e bonds were to be
authenticated by a cartifloste sig n )! hr tb * U. S. Mortg sge
A Trust Co. The present bonded debt of the village is offic­
ially reported aa 113,000 and the assessed vatuaiim is 82,831.500.
Hamilton Co., Ohio.—The Ohio Senate passed a hill provid­
ing for the creation of a county sinking fond in ( { imiltori
County to pay for bonds and authorizing the Coumy Comm iasion ers to issue refunding bonds to take up maturing bonds
for the redemption of which no provision haa been made.
Silver City, N. M,—Repudiation,—We are informed o n
good authority that the total debt o f the town o f Stiver City,
N. M , watch has voted to repudiate, is 831,009. The bonds
were issued in 1981 to run for 30 years and baar 7 per cent
interest. O f the total amount o f bonds f 1*3,0.11) w e r e issu ed
In aid of the Stiver City R til road and $4,009 for w a te r w o r k s .
The valuation of the town is about 8830,1)00 and the popula­
tion in 1893 was 2,10i, now variously euim ited between
2,100 and 3,())(). fils valuition of Grunt County, in which
Silver City is located, was $3,583,303 for 1883.

879

n u u a P r o p o w l i a n d .H e g o t t a t i o a i.- W e have re­
ceived through the week the following notices o f bonds
recently negotiated and bonds offered and to bs offered for
sale.
Atlantic City, N. J —Bond Sale.—On February 17 At­
lantic City 4}£ per cent water bonds to the amouatof $100,000
were awarded to Messrs. B. D. Shepherd & Co. of New York
City for a premium of -i1,770.
Interest will be payable semi annually in March aud Sep­
tember, and the principal will mature in 30 years, the bonds
to be free from taxation. The city's debt, exclusive of this
issue, is about $875,000. and its assessed valuition is
about $18,000,000. The permanent population, according to
local figures, is 20,000, increased ia summer months to 150,000.
Augusta, Id i.—Bou l Offering.— Proposals will be received
until Miren 12, 1803, at 12 M . by Mayor VV. B. Young, for the
purchase of 8-50,000 of V& per cent refunding bonds. The
securit ies will be dated April 1, 1900, interest will he payable
semi-annually on April 1 and October 1, and the principal will
mature April 1, 1928.
Bluffmn, Okie. -B ow l Sale.—It is reported that $17,000 o f
water-worss bonds of Bludfton have recently been sold for
$17,139.
Binghamton, N. ¥.—Bowls Proposed,—Bonds to tUeanaount
of $2-50,000 will probably be issued for the construction o f a
reservoir.
Boise City, Idaho—Bond Sab .—On Feb. 10, 1898, Arch.
Cunningham, City Clerk, sold $33,000 of coupon sidewalk
bonds to W, J, Hayes & Sms o f Cleveland at par,
interest io be at the rate o f 0 per cent par annum.
The securities will be dated April 1, 1890, and inter­
est will be payable annually, They will 0 ) o f the denomina­
tion of $500 each and will mature at the rate of oae-savauh
yearly, both principal and interest to be payable in lawful
money of the United States at the office of tne City Treasurer
or at the Fourth National Bank, New York, at the option o f
the holder.
A statement o f the city's financial condition on Jan. 1 ,1898,
was published in the C h r o n ic l e of Feb. 8, page 286,
Brooklyn, N. Y.—Boml Offering. —Proposals will be re­
ceived until 12 o’clock, noon, 51 irch 9, 1898, bv George W.
Palmer, City Comptroller, for the purchase ot $205,055 of %%
per cent registered water bonds maturing March 12. 1910;
$60,000ot %% per cent registered consolidated stock, issued
for the completion o f the improvement of the terminal facili­
ties of the New York & Brooklyn Bridge, and maturing
March 12, 1926, and $10,000 of 3Aj per cent registered memo­
rial monument bonds, $10,000 payable yearly from January
t, 192} to January 1 ,1927, Interest on the loans will be payanle semi-annually on January 1 and July 1 / both principal
and interest to l«) payable in gold. Payment o f purchase
money is to be made March 13, 1698, at which time, tne bonds
will be dated. The securities are exempt from all taxation
except for State purposes.
Calhoun t'onniy, Texas.—This county has sold the $14,000
of jail bonds woich we recently menti joed a* h iving oeen
approved by the Attorney General.
Castle toil Union Free School District, No. 3, N. ¥.—Bond
Offering. —Proposals will be received until Feb. 37, 1893, at 3
P. M., by the Board of Education of this di)trict, for tin pur chase of $75,9)) o f 5 percent school building bonds. The
securities will »>.* dated Mty 1, 1833, interest will bs p iyable
semi-annually on Januiry 1 and July I, and the principd will
mature at the rate of $3,000 yearly, payable January first o f
each year from the date of the be*) Is.
Further information regarding this bond imue will be found
in the official advertisement elsewhere in this Department.
Charii»rt\ S. C- —Bowls Authorized— An election held
February 18, 1898, on laming tdW.iMU of witer-work.s aad
sewerage binds reeultel in favor of tne pro.m iti m, No
further actio i will be taken in th i m uter o f >re M iro h l.
The bonds wilt bsir interest at tne rite of 3 per cent, piyable
semi-annually and will run 30 years.
Cleveland, Ohio.—Bowls Proposed,—It is reported that
bonds to the amount of $133,000 are under consideration for a
garbage disposal plant.
Ora'id Kn bis. Mich.—Bond Offering,—On February 17,
1896, Frank Id. Warren, C ty Clerk, received nidi for the* pur­
chase of 1150,000 of 4 p.-r cent electric-light plant coupon
bouds as given below, riiesscuriti -a were awarded to R. Kleyboite & ido,, Cincinnati. They are dated May 7, 1894, interest ia
payableaenii-anonaliy on May 7 and November 7 at the Fourth
National Bank, New York, the coupons maturing November
7, 1894, and 5tay 7 and November 7, 1895, to be canceled and
retained by the city, anil the principal will mature May 7,
1914, The city’s bonded debt, aside from the above-menti >ned
issue, consists of $867,000 of water-works bonds. $150,0)0 of
City Hall bonds, $343,000 of school bonds, $150,000 of special
bonds, and $135,600 of street imnnveraenc bunds, payable by
special a»f«riment; total $ 1.855,000; sinking fund. $25 000,
The assessed valuation in 1895 of real estate « « $34,470,000 *,
personal property, $5,5:10,000; total $36,000,000 : actual value
over $100,000,000. The city owns school-houses, engine-houses,
parks, <%n., valued at $4,000,000, Tne population at present is
estimated at 90,000.

380
Spitzer A Co.. T oledo................. . ........
Beasougnod A Mayer, Cincinnati...... .
Farson, Lcaeli * Co., C hicago............
Klevbolte A Co., Cincinnati (sold to)
Mason, le w is A Co.. Chicago..............
8. A. Kean A Co., Chioaen....................
Blodget, Merritt A Co., Bn«ton..........
Btorra, Smith A Co., New Y ork-------Estabrook A Co., B oston ....................
Deltz, Denison A Prior, C leveland....
J. W. Longstreet A Co., Boston.......
Roberts A Co., New Y o r k ...................
Blake Bros. A Co., New Y o r k ............
N. W. Harris A Co., Chicago ..............
Walter Stanton A Co., New York.......
Lainpreoht Bro->. A Co., Cleveland .
W. J. Hayes A Sons, Cleveland........
R. L. Day A Co.. Boston ....................

THE CHRONICLE.
$151,837
153,900
154,973
155,295-39
. 153,371-87
150,750
152,065-50
153-76 i
154,620
153,815
150,800
. 154,155
154,335
154,170
151,105-50
153,188
15 ,930
154.797

Jefferson County, T ex .—Bonds A u th orized .—Five percent
refunding bonds of this county to the amount of $40,000 will
be issued.
Jermyn, Pa. — B on d E lection .—A vote will be taken
March 24 on issing bonds'for water-works.
Knox County, Mo.— Bond C a ll— A call has been made for
the payment of funding railroad bonds of Knox County,
dated September 15, 1891, and numbered from 1 to 34 and
from 37 to 50 inclusive, payable September 15, 1899, and
redeemable after one year from date : also for the payment
o f all coupons on Knox Countv funding bonds numbered
from 1 to 259 inclusive, dated September 15, 1894. and due
March 15,1895. They will be paid at the American Exchange
Bank of St, Louis, Mo., on February 23, 1896, at which time
interest will cease.
Lowell, Mass.—Bond-.' A u th orized . —School-house bondslo
the amount of $200.0 hi nave been voted,
Mill ulgevllle, (4a.— Bond Bale.—On Feb. 3, 1896, City
Treaaur. r P. L Fair received the following bids for the pur­
chase of $22,000 of 6 per c-rnt citv bonds: Lamprecht Bros.
Co., Cleveland, 104 00: Burr & Knapp. Bridgeport, Conn.,
100 51; Bank of the State of Georgia, Savannah. G i , 100 50.
Local bids ranging from 100 to 103 were received tor portions
o f the loan. The securities will be dated Dec. 1, 1395, iuterest
will be payable annually on Dec. 1, and the principal will ma
ture at the rate of $100 yearly for 20 years from date and
$19,100 in 30 years.
Millvale Borough School District, Pa.— B on d O fferin g.—
Proposals will be received until 5 o’clock p. m ., February 27,
1896, by A. Robt. England, Pittsburg, Pa., for the purcnase
of $9,000 of 4 9-10 per cent bonds. Interest will oe payable
semi-annually on March 1 and September 1 and the principal
will mature at the rate of $1,000 yearly, commencing March
1, 1901.
Mount Vernon. N. Y. —B on d O ffering .—Proposals will be
received until 8 o’clock P. m. March 3, 1896, by the Common
Council, for the purchase of $10,000 of 5 per cent tax relief
bonds, maturing March 1, 1899, and $36,000 of 5 per cent as­
sessment bonds maturing March 1, 1902. The securities will
be dated March 1, 1896, and interest will be payable semi-annu­
ally, both principal and interest of (he loans to be payable at
the office of the City Treasurer. The bonds will be delivered
to the purchasers on March 5, 1896.
Newark, Ohio .— Bond O ffering .—Proposals will be re­
ceived until February 29, 1896, oy C. S. Brady, City Clerk, for
the purchase of $t7,U00 of paving bonds.
New Brighton. N. Y.— B on d s A u th orized . — Bonds to the
amount of $75,000 have been authorized for the erection of a
new school building.
Pella, Iowa ~Bond Sale .—The following proposals were
received on February 15, 1896, by John Faassen, City Clerk
for the purchase of $5,000 of 5 per cent water-works bonds':
Deitz, Denison & Prior bid par, accrued interest and pre­
mium $3; Farson, Leach & Co. bid par and premium $50;
Mason. L--*wis&Co. bid oar and interest less $75; S. A.Kean bid
par and blank bonds; W. J. Hayes & Sons bid par and blank
bonds; Lamprecht Bros. Co. bid par; James W. Longstreet
bid par less 2 per cent. The securities are dated April 1, 1895,
interest is payable semi-annually in April and October and
the pnncinal will mature April 1, 1915, with an oplion of call
after April 1, 1905. If the water supply is to be taken from
a -iT k n?iW belDg drilled, $14,000 or more additional bonds
The city s bonded debt is at present only $500. Its assess
valuation (which is about % of actual value) for 1895 w
8114 145; total tax per *1 000, $29 75. The population, accoi
mg to local figures, is 2,626.
Pittsylvania County, Va.-B o n d S ale.— It is reported tt
this county has recently sold $75,000 of bonds at 105-37%.
Preston, Minn.—Bond Offering.—Proposals will be
cmved until S o clock p. m . March 10, 1890, at the office of
K. load, Mayor, for the purchase of $18,000 of 5 per ce
water works and electric light bonds. Interest will be cat
ble annually and $6,000 of the principal will mature in
years with an option of call after 5 years, $6,000 in 15 yes
wuh an o turn of call after 10 years and $6,000 in 20 y e s
"
"Pbon ofcall after 15 years. Principal and inter,
will be payable at the office of the County Treasurer. 8
thousand dollars of the loan will be issued Anril 1 1 8 <
$6,000 June 1. 1896, and $6,000 August 1, 1896. Should pa
mint of p.lncipfU not be made on presentation of the bon
rate w gTven above? C° ntlDUe *° dfaW interesfc at the 8al

[VOL. L X II.

Salem. Ore ru n — N o E le ctio n .—City Recorder E. N. Edes
reports to tbe Chronicle cnac the report to the effect that
the city of Salem would vote on park and cemetery bonds is
incorrect.
Sharon, Wis.— Bonds A u th orized . — Bonds of this munici­
pality have been voted for water-works.
South Glens Palls, N. Y.— B on d O ffering .—On March 4th,
1896, at 2 P. M. $50,000 of 4 psr cent water bonds of this vil­
lage will be offered for sale at public auction by tbe Village
Clerk at Stewart’ s Hall. The securities will be dated Fob. 1,
1896, interest will be payable semi-annually on Feb. I and
August 1 at the First National Bank of Glens Falls and the
principal will mature Feb. 1, 1916.
Stafford Co., Va .—B on d s A u th o riz ed .—It is reported that
this county has been authorized to issue refunding bonds.
Washington County, Me .— B on d S a le.— On February 12,
1896, this county sold $25,000 of 4 per cent coup an bonds to
Swan & Barrett, of Portland, Me., at 102 37. Five other bids
were received as follows: E. C. Stanwood & Co., 10P77; E.
H. Rollins & Sons. 10P59; Farson, Leach & Co., 101-55; S. D.
L-avitt, 100; J . E. Boutelle, 100. This issue is in part pay­
ment o f a subscription made by the county to the preferred
stuck of the Washington County '{abroad Comoany, the
amount of the subscription being $500,000. The securities are
dated January 1, 1896, interest is payable semi-annually, and
the principal will mature in 20 years, both pcinciptl and in­
terest to be payable at the Boylston National Bank, B iston,
Miss. The bonds will be delivered some time this month,
at the pleasure o f the County Commissioners, and shall bear
interest from date of such delivery.
West Uexandria. Ohio.— Bonds P rop osed . —Water-works
bonds of this village to the amount of $20,000 are under con­
sideration.
West Chicago. I l l — B on d Sa 'e .—Six bids were received on
February 18. 1896, for tbe p p-obts? of $8)0,000 of 5 per cent
park bonds as foil >ws :
Premium.
Mason, Lewis A Co., C b io a s o ......................................... . . . .............. $10,365
William J. Case A Son. Cleveland, O ................................ ............. 1,517
First Natiouai Bank, cliioa g o.............................................................. 9,450
Farson, Leach & Co., hicasro............................................................
7,705
7,030
New Y ork Security A Trust Co., New Y ork ................................. .

Paul Rothbarth of Chicago offered $20 ,250 for twenty bends
and $20,350 for an additional twenty bonds.
Tne bids were referred to the Finance Committee, which
will report Feb. 25.
Iaterest will be payable semi-annually and the principal
will mature July 1, 1915, with an option of call after July 1.
1900. Principal and interest will be payable at the office of
th“ West Chicago Park Commissioners.
Yeadon, Pa .— B on d s V o te d .—On February 18 the citizens of
Yeadon voted in favor of issuing sewer bonds for $25,000.
No further action will be taken in the matter until after
the organizing of the newly-elected Borough Council on
March 1. Tne present debt of the borough is $6,040 39. Tbe
assessed valuation for 1895, which is about one third ac tual
value, was $533,000; total tax (per $1,000), $10 50.

S T A T E AND C IT Y D E B T CHANGES.
We subjoin reports as to municipal debts received since
the last publication of our State and City Supplement.
Some of these reports are wholly new and others cover items
of information additional to those given in the Supplement
and of interest to investors.
Cincinnati, Ohio.—John A. Caldwell, Mayor. The follow ­
ing statement regarding the finances of the city of Cincinnati
has been corrected to January 1, 1896, by means of a special
report to the C h r o n i c l e from D. W . Brown, City Auditor.
Cincinnati is situated in Hamilton County.
LOANS—
__\ /
----Principal.---------- ,
NAME AND PURPOSE. Rate. Payable.
When Due.
Outstand’ g,
Avenue b o n d s ........................ 4
J A D June X, 1912
Subject to call after June 1, 1902
Bow lder pavem ents___1893 4
J & D Juno 1, 1912
Subject to call after June 1.
Cincinnati South. R ’y. .1872 7
J & J .Inly 1,
do
do
1872 7 3 J & J July 1,
do
do
1876 6g. M
N M ay 1.
do
do
1876 7 3 M & N May 1,
do
do
1878 7
M & N Nov. 1,
do
do
1879 6
F & A AU£. 1, 1909
City hall 10-20s.
J & D June 1,, 1907
. 1887 4
Subject to call June 1, 1897
do
do
........... 1888 4
J A D June 1, 1908
Subject to call June 1, 1898
do
do
..................... 4
J A D June 1, 1909
Subject to call June 1, 1899
do
do
...........1892 4
J A D June 1, 1911
Subject to call after June 1, 1901
Cou. sink, fund 30-50s, 1880 5
M A N M ay 1, 1930
Subject to call after M ay 1, 1910
do
do
1881 4
J A J July 1, 1931
Subject to call after July 1, 1911
do
do
............ 4
J A J Ju ly 1, 1941
Deficiency 10-20*.......... 1885 4
M A N M ay 1, 1905
Subject to call after May 1, 1895
Egglest.Ave. sewer,LetterB.3 7-3 A A O Oct,. 1, 1899
F ire Bonds.......................1888 4
-J A
- D
- June
1, 1908
Funding...................... 1874 7 M A N May 15, 1904
Fund, and Canal, Let. A A A 2 6
M A N M ay 1, 1897
Funding debt, L etter L ......... 6
J A J Jan. 1, 1900
Qen.l deficiency 10-20s......... 4
J A D Juue 1, 1901
Subject to call at any time.

$55,000
*150,000
*501,500
7.869.000
2.890.000
1.935.000
839.000
920.000
700.000
300.000
*250,000
*325,000
1.332.000
988.000
40.000
**462,500
99.000
150.000
995.000
*171,500
60.000
**499,500

THE CHRONICLE.

February 32, 1S06,]

LO A N S—
'— Interest.—
-----------P rincipal.----------NAME AND PURPOSE.
Jlate Payable.
When Due. Oulstand’g.
H ospital, 1867, Letter S ___ 7-3 J & I> June 1, 1897
$500,000
do
1808, L e tte r S 2 ... 7'3 M & N Nov.
1, 1898
250,000
do
1876, Letter S 3 ... 7
M A X Slay
1, 1906
50,000
lib e r t y Street v iaduct.......... 4
J A D June 1. 1939
*68,000
Subject to call June 1, 1929
Me Lean A ve. sewer, Let.lT2 5
>1 & N May
1, 1909
*35,000
do
do
do
6
M & s 1899 A 1904
70,000
Orphan a*vlum, registered ,, 6
M & 8 Mar.17, 1908
100,000
P a v em en t,............................... 4
J & D June 1, 1905 " 2,000,000
Subject to call June 1, 1895
do
................................ 4
J * n June 1, 1008
125,000
Subject to call June 1, 1898
do
................................ 4
J A D Jnue 1, 1009
150,000
Subject to call June 1, 1890
do
............................... 4
J & V June l , 1910
*150,000
Subject to call June 1, 1900
do
............................. 4
J A B Juue 1, 1911
*450,000
Subject to call June 1, 1901
do
................................ 4
J A D June 1, 1912
*450,000
Subject to call June 1, 1902
do
...................... .......... 4
J & D June 1, 1914
'200,000
Subject to call June 1, 1904
Sewer <Jc Gilbert A v., R.&U. 7*3 M * S S ept.15. 1899
$2n9.000
Street im p rov em en t,,.......... 5 sc’ ul-an, J
1
427,663
Trunk sew er............................. 4 J & D June 1, 1020
*50,000
Subject to call after June 1, 1910
do
1893 4
J A B
June 1, 1932
300,000
Subject to cal after June 1, 1922
University, Letter H 2 .......... 7
F
-V A ns. 1.
1807
73,000
do
.......... 4
J * J July 1. 1918
100.000
FA
A Au*. 1. 1-97
300,000
W aterworks. Letter Cf>........ 7
do
Letter F - ......... <1 A & O O c t 15, 1000
100,000
do
Letter K . . . . . . >1 J A- D Ju n elS , 1900
75.000
do
................1801. 4
.r a i ) June i , n u i
*200,000
Subjeet to call after June 1. 1901
V iaduct bonds......................... 4
J A I> June 1, 102*2
*350,000
Subject to call after June 1, 1912
W orkhouse Imp.. 1 8 9 3 ........ 4
J A It June 1 .1 0 2 3
*100,000
B P A R V A LU E O F BON DS-—The bonds in the above table marked
thus * are. In whole o r In part, $300 pieces. Bond* m arked thus * * are
l n whole o r in part, $100 pieces, o r uneven am ounts. All other issues
are to $1,000 pieces,
IN T E R E S T on the water bonds o f the l « u r . tottered F and K and
on the refunding and canal bond* letters A and A2 1* payable by the
City Treasurer; Interest on the street im provement bonds, funding
issue Of 1874. hospital letter 83. orphan asylum Os, workhouse and toflrm ary 4s, and water bond* HI is payable at the Bank o f A m erica In

NEW

LOANS.

381

New York; on all other issues Interest is payable at the Amerioan
Exchange National Bank o f New York.
T O T A L D E 8 T , SINKING FUND, E t c . —T he s u b jo in e d s ta te m e n t
sh o w s C ln etanatl’ s t o t a l m n n lo ip a l d e b t (in clu s iv e o f w a t e r d e b t), th e
s to k in g fu n d h e ld b y th e city a g a in s t th e same, a n d th e w a te r d e b t, on
th e 1st o f J a n u a ry o f e a ch o f th e la st f o u r y e a rs.
1800.
1895.
1894.
1893,
Tot, bonded debt.$28,087,000 $28,757,000 $31,619,538 $30,787,143
Sinking fund........ 2,021,133
2,190,873
5,379,347
4,709,653
Net debt........ $25,465,867 $26,560,127
Water d ebt......... $1,175,000
$1,725,000

$26,240,191 $26,077,490
$1,625,000
$1,172,000

There were outstanding on Jan. 1 ,1 8 9 6 ,street bonds to the am ount
o f $2,463,238*87 payable by special assessm ent and n o t Included to
the above statement o f total debt. O f this am ount bonds to tbe
am ount o f $2,035,625*86 were held by the sinking fund, these bein g
applicable to the paym ent o f the general bonds. The am ount of these
bond* outstanding on Jan. 1 .1 8 9 1 , was $1,850,660; on Jan. 1 ,1 8 9 0 ,
It was $2,120,243.
C IT Y P R O P E R T Y -—The city ow ns the entire stock o f the Cincin­
nati Southern Railroad. T he rental received for tho road is $1,100,000
till 1901 and then $1,250,000 till 1900, when lease expires.
The
water works pay the Interest on all water bonds and an annual
sinking fund o f $76,712, being fo r 1895 $136,212.
A SSE SSE D V A L U A T IO N , E t c -—T he city 's net debt, assessed valu
ation and tax rale, for the past fifteen years lias been as fo llo w s;
Years,
Yet Debt.
1895..........................$25,465,907
1394......................... 20.500,127

Assessed Yal'n.
$188,484,990
188,129,540
188.751,350
188,944,480
188,001,420
177,773,340
174.937.240
171.937.240
174.537,847
171,050,031
170,086,968
189,834,102
160,925,286
166,980,105
161,404,393
167,535,356

1903..................... 26.240,101

1892...................
20,077.400
1391......................... 24,863,613
1 89 0 ............................ 2 4 ,7 2 3 ,0 6 8

1890 ........... « . . . . 24,913,689
1393.......................... 24,862,131
1387......................... 23.072,004

1888.................... 25,288,113
1885.................... 21.469,405
1831......................... 23,712,850
1883......................... 23,907,474

1882.................... 23.9tO.30S
1891 .................. 24,175.702
1980......................... 23,053,081

Tar p e r $1,000
$28'32
28*32
27*24
27*40
28*40
20*06
26*80
20-80
27*68
25*44
26*80
25*56
20*50
23*82

2*2-20
3100

N EW LOANS.

N E W LOANS.

S 7 5 .0 0 0

$365,000

..a..........................sr

$75,000
CASTLETON,

PittsylvaniaCounty,Va.,

N. Y.,

6

H SCHOOL BONDS,

t'olou Free sch o o l P l.t r lr t No. 3 C a .F e too* H itt*m ood C »*»*ty, Bf. Y .
’fwmmmi to the mlkoti%y mod dirwiimi o f a

m

Ijfetxffet

mmtim d o i y

H old in * o d f o r U n io n

Pet.mti.ry. im*\

m

OF TUB

t im m m u r i d o r c o u p o n .)
H a l 'd J a n . 15. IS 9 6 .

This Issue Is i he Only Debt.

■

wtm

in *h® o ft e n .......

P O P U L A T IO N

*

INtre ami t*»rtl«d*r» upon AppliotUon

BONDS

C. H. Van Buren & Co.,

W, E. R. S M I T H ,

f « R tt O H I W TItKET.

N E W V I M lk

B A N K K R * A NO B R O K F .K 9 ,

02 B R O A D W A Y , N E W YORK.
STOCKS, n o s US.
A n d H ig h -G ra d e [/ncestm ent S een ritlm .
Circular Letter, bKiTmurtiat o f neiectcrt Bonds,

D E N O M IN A T IO N

B

en

well

&

E ver i t t ,

S c h e r t n e r b o r n B u ild in g ,

6 W AhhbT,

MUNICIPAL IS-t'Ks IN TUB STATKH OF

N EW Y O R K & N E W JERSEY
A ‘

NC1ALTY

*

$ 1 ,0 0 0 .
1 H.

I t l f f M t ®»ayatiie .l a u . a n d J u l y

,

Urlftdpal and Conhons payable at tho

flmtrnntT Trnst Company of New York.
Fey price* arid particnlaw address

E. IK Shepard & Co.,

EmU m l mm!. |m for
r«u*» imm.
Boom will M isf Bm§ 4 tumiMAPm o f On# Thom3 9 3 0 A ll STREET, NEW YORK
zn4 ito Har* ©meh, with t r n t t b o a * tfUrfcrd* or
tm m erm m vumhmm #intli
m. 1
ft**r
mmrem At tfce v*t« o f
m t mm
s o . trm nlio. N eb., K e fo n o in * .
7*
btf m Jmtmmj i«c wild Jmht i«| i«. met- yemt........................... H .
ttemd» «rttt B« P*rahfo in*m»«wu tmtaitmmi:* of - b e b o y g u n . 4 4 1 *.. s e w e r
s
lie
r
an.
T
e
v
o
*
.
K
efu
n
d
in
g
tie
ThrmThmmmd. im m m ©a th# fst*t m y o f Jm m ty
in meh j mr, wW b numtomti.ttom I %» 7?>-mmtmt®., vtuocK Ilnr, la w n .. lia p r o v e o ,e n t
ti»
anfl
to# f>«y»tol*f m
mm A u r o r a , III*., • m p rovem en f
... « »
mmm m *t mtmtom h
Jkmd* wtU bmr Hutu «ad to® iSmWrmmi c*n May I, 0 ) b m i t icy, l iio . W in e r 44 orh *
«*
*M *k mt itm fkm td m em o f m id B m rd o f Rdtoastioas, H u bba rd , O h io. K te cirlc L ig h t..
5*
anri
first let#srmt iM a g for®lgl)tt mmhihm will t»«j
H a r v a r d , -Neb.. 4 V u «.r W u rk *
0*
ptfmhi* ?m Zmmmj h in ?.
Artm
m m p n t e h s m t w i f i to®rmnimP
F O R HALB B Y
fo <lepo*H On# t h-.a*an.l
with salil Bocrfiof
wimuzum •* msmu&m o f the pmfotmmm o f thm
m otMet Ato4 for th® «>^®f»tJ*ij:«r o f the to**is4*t.
M
AS
O
N , LEWIS & CO.,
of mttmvim
Will toe eh#raf«M® to dfttl
ml*i by th# memmful MQA& m d pxathmm. o f tto#
HANK EUR,
tocw#i,
fh m * immdmmo temmd
vmwtohm* 3 ! $ t » t * 9 t „
1 7 1 L a H a lle B t..
o f t b « C«w*s®lt*l*fce€ to*D*l Ia w * u i t b e
N #w
C R I C in t l.
i tot«L for the jffwrprwe o i otmfitm *&& comtmeting * IB O S T O N ,
new srh««oi tetrooio tyn
ptvKMrm* site In iwlrt Cnien
tr m mbwA Dtstt let.
31091411 F A J, A R M K A I I . R O A h
The Bon.nl trmrte* the tmM
the tootid,# to
f he hlff&est tohuler mtiMUctnry to the Boartl o f Id a
toatkrft.
4 nd a l l lu tea l R e e u r it ie * B o u g h t a n d Wold
„ t w m Fmmrnr V\ i« 4,
fkmd rjd
Mdmmtkm, tmUm fr m fetteol DttUfttXo.
....--------Ctostleton, Riohmoml •otinty. New York.
HEW Y O R K
B R O O K L Y N A N D JER
JOHN SKATUN, VtomUkM*
SET C IT Y B O N D S A S P E C IA L T Y .

» n e J a n . 1.5, 1 9 4 6 .

of payment ndtcr W years).

6 0 ,0 0 0 .

T h e F lo u r is h in g L it} o f Itn u rU to »• In
th i* C o u n ty . P op u la tio n 1 7 ,0 0 0 .

BONDS

f

Terri tor if o f Arizona,

Coupon* payable March and September lit »t tho
American Kichange Nation*! Bank. New York City.

Assessed Valuation, $4,937,917.

C**tfotoj«, <‘<<anfcy o f
nichmoMl, state o f Sow ti.fk .oa the ism, day .?f
Jw*.
tlt« fte*rd ■{ Kdaeoll.m l» awl *>r«ai-i
Co tern Wwm- i M
m m m wtti m m for mimmml
fell to tb« fefgM t bt*Mm the !«;.»)* o f mlri Hmehy.
tu the *«tn of |ts.* fp* *««■r n ty fir® Umnmml rt*An*t*
tot*!* thmwfym nmm-md
Lh#
of
VktMUoa and SMurfcod fot<t for toad* will tm rmiytnxI
#n*l on m «4 mt the B*mml mom of *»I4
of Sdtt *
easion in. On
ttiSStatm of mid XMrfftet* cm
Pn hi. w* Street, Mm BmMmi,. on the m h doy o f

FUNDING

HE F I N D ! Nil BONDS,

M tlu r ln ir 2(1 yea rs fro m M arch 1 , 180C

N O T IC K O F S A L K OK B O N D S,

5 % GOLD

A C. F R O S T & CO.,
I 0S L A

SALLE

STHKKT.

CH IDAH O.

BONDS.
T e r r ® fist n it s In **, U e fn n d in s s ................ .

K i t % <

mi » Mtcb.t

K lectrtc-iJ jrh t.........

O b U . H r fu ndi mr ...... .............. .
K irlim n n if. I n d ., Hirert I m p r o v e m e n t ......

hmmn,

Hit* it tu on <«. I d . . KelundiiiM

T o l e d o , O h io * d i r e c t I in p r o v
I
, -IN
T o l e d o . O h io * * ir e fi i m p r o v r u n i i i ----------- 5
B o n d H i l l . O h io , W n t c r . .
•
A » i « r In . ttresron . \\ n
o l d ...

f h n rlcv olx . Hich * it* o* »«!!»• u .
VV’nco.Tcxn**, Street Im provem ent,.
( ’ o r t l u i i iH , T c x a t , H e w e r ......................
M itch»*!1, Ind., it to t r ie M p t
Ifrnrhorn Carnotf. Ind** Fundinir....
lilo ffto o i Ohio* \\ filer \\ork® ..........
roH SALE BY

Rudolph Kleybolto & Co.
B A N K KKS.

C IN C IN N A T I, O ,

ROBERTS BROS.,
IS V E S T IIF A T HANK K B S,
S pokane,
W ash.

•**

S la te , C ou n ty * t l ‘ l . S c h o o l B o n d * ,
W tirrn n t* a n d L o a n i ,
NKTTINU 5 TO S I*Kit C’ KKT.
L A ItoBIHTS.
W. B. KORKRTS
COHitr.Hl*0M)KNCe SOLIOITBl!

THE CHRONICLE,

382

[V o l . LX 11,

,------------ P rin cip al.------------ ,
e— Interest.— «
LOANSThe assessed valuation o f real estate In 1895 was $147,920,890; of
When Due.
Outsland’g.
Kate. Payable.
personal property was $ 10,558,020; total as Riven in talile above. The NAME AND PURPOSE
J & J
Jan. 1, 1903 $3,182,000
*tWater w’ ks, 18‘"3-76.ritc 7
city’s tax rate in 1895 was made up o f State tax, $ 2 -7 5 ; county ta x 1
Fob.
1,
1913
do
v
4
F
<
fe
A
do
300,000
$4’0 1 ; city tax proper. $17-33. and school tax, $4-23.
Subject to call after 20 years.
Feb. 1, 1914
do
do
r 3ta F & A
250,000
The net debt In 1875 was $17,325,500 ; In 1870 It was $4,883,000; in *
Feb. 1, 19 32
1892 -r 3Uj p & A
t
do
500,000
1800 it was $3,782,000, and in 1850 it was $1,840,000.
Subject to call after Feb. 1, 1912.
P O P U L A T IO N —In 1890 population was 296,908; In 1880 it was
Feb. 1, 1944
1894.1- 3>2 F & A
do
950,000
Subject to call Feb. 1, 1914.
255,139 ; In 1870 It was 216,239.

Rochester. N. Y.—George E. Warner. Mayor. The follow
ing statement regarding the fioaoces of the city of Rochester
has been correct d to Jan. 20, 1896, by means of a special re­
port to the C h r o n i c l e from S B. Williams, Treasurer.
Rochester is the county seat of Monroe County.
— Interest — , ,------------ Principal.------------.
Kale.. Payable.
When Due.
Oakland'g.
r 3 .1 A J Jan. 1, 1920
$100,000
Subject to call after Jan. 1 , 1900.
r 31*2 J * J July 1. 1922
100,000
•Bridge bon ds..........
Subject to call after July 1, 1902.
r 3*4 J
v J Sept. 1, 1921
100,000
•Bridge bon ds.......... .
Subject to call after Sept. 1 ,1 901 .
335.000
Jan. 1, 1902
tCity Hall com m ission.. v 7
& J
100.000
Aug. 1, 1912
& A
•Consolidated lo a n ............r 3 1-2
5 Jan. 1.1 922--27)
00()
•East side trunk sewer. ..r 4
J & J i $ .’ 5,000 yearly. 5 18” *V00
Subject to call alter 20 years.

LOANS-

NAME AND PURPOSE.
•Bridge bonds..........

do

do

ho

do

. . . . r 3HJ J A J ^ f i o ^ y e a r i y ^
Subject to call after 20 years.

500-000

....... 38, J & J ^$25,00’(?yearlyV^ 250-000
Subject to call after 20 years.
?Free Academy b u ildin g..c 7
J & J .Ian.
1, 1897
75,000
tFunding, 1*575.................. c 7
J & J Jan.
1, 1905
410,000
-P ark bonds, 1888............. r 3
J & J July
1, 1928
300,000
v
Subject to call on and after July 1, 1898.
.Railroad loans—
(Refunding B R ................c 7
J
& J |J $4,000 yearly?2 }
tRofundlng R R ....... . . . c 7
J
&J
Jan. 1, 1903’
•Refunding R R „ 1 8 9 3 ..r 3h> F & A
Feb. 1, 1913
Subject to call after Feb. 1, 1903.

NEW

-8 ,0 0 0
72,000
745,000

NEW

LOANS.

8350,000

f $1,000 each.
* $5,000 each.
IN T E R E S T —With the exception o f the City H all Comm issioners’
loan (which is payable at the ollico o f the City Treasurer, Rochester, N
Y.), all bonds and intorest, are payable at the office o f the Union Trust
Co. of New- York.
T O T A L D E B T , SINKING FU N DS, E T C .-T h e subjoined state­
ment sliows Rochester’s total bonded debt, including the w ater d ebt,
on the 20th day o f January, 18 96; on the 1st o f July, 1894, on the 1st
o f A pril, 1893, and on the 6th o f March 1892.
Jan.. 1896. July, 1894 A pr., 1893. Mch., 1892.
Bonded debt............... $8,443,000 $8,371,000 $6,730,000 $5,634,000
5,182,000
4,092,000
3,592,000
Water debt.................. 3,592,000
On January 2 0 ,1 8 9 6 , the city had a sinking fund o f $55,588.
Genesee Valley Railroad refunding loan, dun from 1896 to 1903, is
provided for by oxcess o f receipts from lease to N. Y. L. E. & W. R R .
after interest on the loan is paid.
ASSESSED V A L U A T IO N .—The olty’s assessed valuation and ta x
rate have at different periods been as follow s, real estate being
issessed at from 60 to 80 per cent of actual value.
Ileal
Personal
Rate o f T a x
Property.
rears.
Estate.
p er $1\000.
1895............................... $99,389,050
$6,081,200
$16-19
6,192,516
1894............................... 98,762,150
6,676,967
1893............................... 97,206,085
6,609,303
1892............................... 96,543,650
15-26
1891............................... 93,806,150
6,134,250
15-97
1890............................... 88.053,750
5,937,950
15-20
1889............................... 82,800,100
5,397,150
15-93
4,108,000
1888 ............................... 78,504,025
16-38
L887............................... 72,860,900
4,529,000
1645
1886............................... 72,171,975
3,345,000
15-22
1,817,200
1883............................... 36,166,200
27-65
1,430,144
1880............................... 34,408,725
23-86
P O P U L A T IO N —Iu 1890 population was 133,896; in 1880 It w as
89,366; in 1870 it was 62,386. The population in 1895, accord ing t o
local figures, was 160.000.

LOANS

SPOKANE, WASHINQTON.
Notice in hereby Riven that sealed bids will be re­
ceived at the office o f the City Comptroller, City of
Spokane, up to 12 o ’clock noon o f the 2 d day o f
March, J890, for the sale o f Spokane Water W orks
Bonds, in the sum >f $360,000, to mature as fo llo w s :
Jan. J, 19 )7....$30,000 Jan. 1 ,1912 .. *35,< 00
Jon. 1, 19o8 .. 30,000 Jan. 1,1913.... 35,000
Jan. 1909.... 30,000 Jan. 1 ,1914.... 40,0u0
Jan. 1, 1010
3.,000 Jan. 1,19 5. a . 40,uC0
Jan. 1.1913.... 35,000 Jan. 1,1916.... 10,1)00
Denomination, $l,00o each. Interest at the rate o f 5
per cent per annum,payable semi-annually. Prin­
cipal and interest payable out o f the revenues o f the
water system at the office o f the fiscal Agency of
the State o f Washington in the City of New York,
State o f New York. Said bonds to be dated January
1, 1890. at id not to be sola for a sum less than par and
accrued interest. Bidders are required to name the
highest pnee at which they will purchase said bonds
or any series thereof.
All bids must be accompanied by a certified check,
unconditional on its face, on some bank o f Spokane,
Washington, payable to the Treasurer o f the City ot
Spokane, in the sum o f at least 2 per cent of the
amount o f the hid.
Further information will be furnished on applica­
tion. No bond shall be issued until sufficient bids
have been accepted to cover the whole issue.
The sinking lund commission reserves the right to
accept or reject any or all bids or any part o f any bid.
W ILLIAM MORSE, City Clerk.

C IT Y

OF

BOSTON

R E G I S T E R E D 4s.

Bought and Sold.
&

15 W A L L S T ItK E T ,

These Bonds are particularly desirable for Trustees
and private investors, as the principal can be regis­
tered in name o f holder. The interest is payable
January and July 1st o f each year by check mailed
to registered holder by City Treasurer.
Legal investment fo r New York and all New Eng­
land Savings banks.

UPON

A P P L IC A T IO N

EHMBER8 OF THE .NEW YORK AND BOSTON
STOCK EXCHANGES.

Price and particulars on application.

DEALERS IN COMMERCIAL PAPER,

5 3 S T A T E S T ., B O S T O N , M A S S .

B la k e
BONDS.

»8

B ro th e rs

STATE

ft N A S S A U

&

C o .,

ST R E E T, BOSTON,
ST.,

NEW

YORK,

E. C. Stanwood & Co.,

C O .,

BONDS,

IN

C olum bu s, O h io................................................4 H »
C olum bu s, O h io ............................................... 4 s
Y ou n g sto w n , O h io .......................................... <>s
P ittsb u rg , P a „ S c h o o l...................................43^8
S t. P a u l, M in n .............................................. 4J^s
S .. P a u l, M in n ................................................. 7 s
T o p e k a . K a n .................................................... 5 s
D en v er, C ol....................................................... 6 s
T a c o m a , W a s h ................................................. £»s
N orth D a k o t a .............................................
4®
R a p id T ra n s it F e r r y .................................... 5 S
S ta ten Isla n d R y ............................................. 4 ^ s
H e r e fo r d R y .....................................................

TEXAS.

Prices and full description furnished on applica­
tion.

121 Devonshire Street,

N EW Y O R K .

BOSTON.
L I S T S SE N T UPON A P P L I C A T I O N .

W . N . Coler & Co.,
M ORTGAGE LOANS
BAA) H E R S .

m u n ic ip a l

P A R T IC U L A R S

E. H. ROLLINS & SONS,

PH ILADELPH IA.

-

FOR INVESTMENT.

BAN KERS,

BANKERS,
BOSTON.

BONDS

D e n o m in a tio n , S i , 0 0 0 o r a n y m u ltip le
th e r e o f.

and

M U N IC IP A L BONDS

CHICAGO.

M U N IC IP A L

D A T E D J A N . 1 , 1 8 9 6 . DUE JA N . 1, 1 9 1 6 .

M U N IC IP A L

N. W . H A R R IS

LO ANS.

$ 4 0 0 , 0 0 0

5% Gold Bonds o f the City o f

GOVERNMENT

NEW

bonds

Interest. 7 P e r C ent Net.
NO COMMISSIONS charged borrower or lender
until loans have proven good.

34 NASSAU STREET.

C.

H.

White

&

Co.,

F R A N C IS S M IT H & C C ,

BANKERS,

SA N A N T O N IO , T E X A S .

72 B R O A D W A Y , N E W Y O R K .

A le x a n d r ia , In d .— A statem ent o f A lexa n d ria ’s debt, valu a­
tion. f-tc., o n January 30, 1S96, is g iv e n below .

This city is in Madison County.
Total debt Jan. 30,1396. $33,000 Population in 1890 w as......... 715
Tax valuation 1895......... 2,200,000 i Population in 1880 w as......... 488
fteal valuation ............ 5.000,000 1 Population IS 18 90 jest.) ...7 ,0 0 0

E ssex C ou n ty, K . J . — E dw ard L . C on k lin , A u d ito r. F o l­
low in g is a statem ent o f tha fin an cial co n d itio n o f E ssex
C ou nty, w hich has been corrected b y m eans o f a special report
to the C h r o n ic l e .
The co u n ty seat is N ew ark.
L O A N S—

Roai>Bonos—

383

THE CHRONICLE

Fsbbdary 32, 1890.]

When Due.

5s, AAO. $ 1.588 ... Apr. 30, 1901
5-, J.V.I. 4 0 ,0 0 0 .......July t, 1896
1*10.000, Hue Vri)-) to J uiy 1.1899
N-. AAO. $31,377. Apr., *390-1903
P.UtK B u fll —
3 - i» s F * A .$ l .000.000 Au.1,'15-35
($300,000 every year*.*
K-;t i.-tWM, B onds —

War Bonus—
7s, A&M. #510,000— Apr. 1.1899

Total debt Jan. 1. '9 6

sinking bunt- ..........
Net debt Jan. 1,1890

date b y m ean3 o f a special rep ort to the C h r o n ic l e from
Stete Treasurer Francis M. Sim pson.
Outstand'g.
LOANS^—Intereet.— .
Principal,
When Due.
AND PURPOSE. Sate, Payable,
Reissue Loan. 1889 “ A ." 3 J & D <Jane l , 1896-1901 > $198,000
< $33,000 yearly. J
Original, 1864.
, n i J i m e 1, 1902-1911)
500.000
Do
Class “ B.” 3 •T
i « u £ $50,000 yeti',-ly. i
j
T -f June 1, 1912-1921)
Do
d a s * “ C ." 3 .) ,v u } $g0 p oo yearly. I
1500.000
s June 1. 1922-1929/
280.000
Do
Class *'D.” 3 J & D ?. $33,000 yearly. ?
Reissue Loan. 1889 " A .” 3 A & 0 v Oct- 1.1896 to 1901 t
102,000
> $17,000 yearly, f
Original, 186!).
n \O ct. 1.1 902 to 1 9 11)
200,000
Do
Class “ B.” 3 A &
name

° } $20,000 yearly, i

Do

Class “ 0 .”

3

A & 0

$1,803,463

Do
Class “ D ." 8 A A 0
111.622
1,606.8 43 Bonds to State College.- 5 J & V
152,891,120

Tux valuation, real.
T ax valnatloo.persun'l 31,103,963
Total valuation 18 95.1 84.0 03,0 83
Co. tax (per $1 .000)..
6 04
Population in 1390 wax. ...3 5 6 .0 9 0
Popiiiadou m 1880 w as___189,929

Do
(La
do
.. 4 .r & j
Bond to I insane Itosptt >1. 4 J A J

Oct. 1,1912 to 1921)
$28,000 yearly. i
Oct. 1,1928 to 1929 t
$3,000 j early.
i
June 1,1 019
July 1 ,1 917
J tfy 1.1 917

280,000
24.000
118,300

100.000

50.000
700

Loan of 1869, not presented for payment

PAR V A L U E .—The bonds are chiefly fo r $1,000 or multiples
Population In 1895
315,000 thereof.
INTEREST is payable at the State Treasury. Augusta. Me.
Prinelpal and Interest ot the park bonds are payable in gold
INTEREST on the park bends w payable by the Unlt.-J State- Mort­
TO T A L DEBT, SINKING FUND, & 1 .-T I 10 subjoin.'1 statement
gage A Trust Company. Sew York; on all ottur hoe!* at the Manu­
shows Maine's total funded debt on tho first of January of o 1 ■1 of the
facturers' National Bank. Newark. N. J.
4*. A.vO. #210.000.. 1890 to 1909
(#11JMM1 due j-earij on Apr. 1.)

last three years.

G ro s s d s le , m . — B elow U a statem ent o f the financial c o n ­
dition o f this tow n on J a n u a ry 23, 189ft.
G rossdale is in C ook (Jaunty.

1896.
1893.
1894.
Bonded debt on January 1............. $2,353,000 $2,403,000 $2,153,000
Tem porary lo a n ...............................
Nil.
Nil.
lOO.ooo

In the year 1893 tha State paid $30,000 on its bonded debt.
ASSESSED "VALU ATIO N . -The State’s assessed valuation lias
been •• follows |a the years mimed. The tax rate for 1895 was $2 M>
The town’* bond* Were tsenml tor sower purposes. They near in­ per $1,000.
terest at the rate of 6 per cent, payable annually at the First National
.------------------ 4*M W td Valuation. - —
...... ....... State la s
Hank of Chicago.
Team.
Seal.
Personal.
Total.
per $ 1,000
Total debt Jan, 23,1896 **7,300 ( Population m 1806 te»t.»....... -00
Act. vaPtion o t property. 1.536.075 i

M a in e,— The fo llo w in g statem ent o f the d eb t and gen eral
financial con dition o f the State o f Maine has been corrected to

1894 ............. $240,629,509
1892............... 230.135.190
1891
. .. 233,993,0:1!

N E W LOANS.

o m o s OF THI; «aitM !«M axB R» <•»' THWi
s in k in g f i n d «>r Vir g in ia .
5

W. j. Hayes & Sons,

ttt.wwr.e the fc»Mer» «< « i m » u

weairttlt* sot

funded »»««• art of ¥»mv*tT t*. IWS, at ftUMtf
.18*8, Pt fond themon *h .am- term* ai. t at
•attic rate* a* pr.ivM*d » He «« ot Fvhraar, V>,
isse; prevhled they at* prr**ahedas t»l* «««* prior
to April 1,1MU
Thwart »t»o allows the t;..mmlffcni«nior theSrck■iuc Farm to taaks ut>*

I14.M 4 KH.*,
D ealer*

Street llaiiear Honda, and other man grade to

pa

Accountants,

u. «t uax- Beyond

F.

fo r partleoiar*, a/idre*.*

Parson, Leach & Co.,
BONDS.

C le v e la n d . O k ie,

■-kajute Piaaa.
3 1 1 -3 1 3 Su perior Si
v»to. i m o u . **m?.v.v»7 yr.»*

Aprlt !•!. hut twt beyond Owmtefp, Vtm.
B»w*» Itsuetl after April tat under 1blnart carry
»»*««•*! o.vf.r from the mm annual period nett
preifedlc* thedatetut fiuuUtot.
iW Dll I'.Vl.AND. Jb .
stimwKt AuditorandPresidentof Sure*.
ftirtimor.4. Va. 0,8, A

in MUNICIPAL B O N D S ,

raTON. RASUL,

).

c o L v a m i,

«4 > « 1 >

k

!•: i t ,

o n to .

Wesley P'arrington,
203

A C C O U N TA N T,

8 B 0 4 D W 4 V,

M

U

TORN.

Bunn* .W-toS SIAlt. ANI» ntPM N I BVIUHNO.

Ct*»icriafo.
I IU SfmmwbavM

Stew V«rk.
*i \V«ll

WHANN&SCHLESINGER
M UNICIPAL

R E P O R T S
FOR
IN V E S T O R S
OX ItA ll, ROAD PttOJBCT.8 AND PROPBllTUCS
Kailroorfi L.rated on t o u a K Principle*.
Flan*. apMt9<«lon« *nd Rattmatee FurMahed.
C O N ST K lrnuN 8C PKIttNTKSDKI).

O F F I C E

A N D R E W S .MANI B A C T D B I N « CO.
Bonk and Ottlre nulns* Finn Br»«* Work. Miieetal
ilotign* on siipllcatton.
SKSI> r o a cArA)i>orK
7 « F i f t h A v e . , -V e t v Y o r k C i t y .

Jos. O. Osgood,
C nnsnlttne B h gtn eerl
Report* 00 Investment propertH* for Banker*
and Inveatora,
W. Am. * « .< * . K~

tsxaatitmuonr la tm a « l to phyeieal condition and
character, earnjncs. maunp .nioat. mini*, value,ole.

H all m o d L ocu tion and C oh a tritctien .
170 B R O A D W A Y

N E W YORK

WM. F R A N K L IN

HALL

800X8 ACCOUNTANT
New form * de*l*neil for book* o f account.

Settlement 0! IntalveM Kitotes.
11s

Kieh.inpe Ttiilldltie. 53 State Htreet’ Itovlan.

J O H N M A K S T O N , J r .,
C IV IL F.NfJlNKFW,

ROOJt 208, Bl'LUTT Hl.'tUllh'll,
CIIIl. A DLLFIII A.
O. 9. KI.L10.

BOND S.

Pntenta!
'100 B ro a d w a y Cor. D uane $t.,
Mew T ork.

DE S K S .

L a le A u d ito r o f N. V. L . F. <k W . R l l , C o .

eORRftHiTOaVDSHGK «OI*»<3ITKI>,

S o le o w n e r s o f H o t t e r A C o r lis s

A N D R E W S

Eliminations and Reports Made for
Bankers and Investor* of Railroad, Coal,
Mining, Oil and Electric Proper*.esKEFRRKNOTS SKNT.

E X P E R T

$2'50
2*75
2'75

T H E n O S L H R SAIF. CO.
Opera ling 1I10 muster A Corliss
Safe Factories.

Sec.

Picard,

ca Y st iT H i)

$324,479,931
314,330,181
309,090,0 41

M IS C E L LA N E O U S .

NEW LOANS.
(SuttMovD. 1T«.»Jamwiyti. Ittos. '
rPSIB ( i t l B H A’ 'KMMl. nr VIR9IXU
* fcui |M*M4 an 4WK. 4pf.fi.rt’,) JaMwr ..-A. m

$74,818,812
7 8 ,til 4,982
78,301.010

FOR SALE.

MOWIN H. Kl.r.r.8.

Ci. S. ELLIS & SON,

CHRONICLE VOLUMES.

P U B L IC A C C O U N T A N T S

1MKymtl-nsna »nt from 1880 to date In(toodorder.

SO W A L L S T ., N E W Y O R K ,

•J WALL KTKB8T.

NEW YORK,

a

M i .1 r r m r o t t s .

(Mr. B. 9. Kite, 15 Yenrawlto^tlw Central Trust Ce

W ALSH

&

FLOYD

•JH Broad Htreet.
STOCK
BROKERS

E x p e rt* S e n t t o an y p art o f t h e U n ited
S ta te s an d C a n a d a ,
Audit mi!
Apwnmt* of Individual*. IPreiver*. Committee*. Aralpnne*. Krecutor* and Cor.
privation*. Negotiate nolletod semirltlr*, l >*ui*. * e

A P P L Y TO

W I L L I A M It. D A S A OOM J’A IfX ,

76N TIMK 8T

NBYWORK.

rvou LXII

THE CHRONICLE.

38*

Fort Wayne is the county seat of Allen County. The $15,800
Everett, Mass.—John D. Henderson, Mayor. Below is a
statement of the financial condition of the city of Everett, of water-works bonds due in 1914 were issued by the town of
which has been corrected by means of a special report to the South Wayne and assumed by the city of Fort Wayne upon
annexation of the town.
C hronicle from Nathan Nichols. Treasurer.
ATER WORKS—
LOANS—
When Due.
Everett is in Middlesex County. It became a city on Jan. 1,
6s, MAN, $ 1 0 0 ,0 0 0 ..Nov. 15, 1899
F unding L oan —
6s,
J&J,
14 6,00 0..Jan. 1 5 ,1 9 0 0
6s.
A&O,
$85,000
..
Oct.
15.
1899
1893.
6s, J&J,
1 5 ,8 0 0 ..July 10, 1914
LOAN S—

whru D,t'-

S e w e r B o nd s—

4s. J&J, $50.000..........Inn. 1.1911
•l». J&J. 5 0 ,0 0 0 ........ July 1,1911
4s, J &J, 8 5 ,0 0 0 ........ July 1 .1 923

W a t e r B on u s —

4s. J&J, $30,000....... .July 1 ,1 922
•1s. J&J, 100,000....... .Ju ly 1,1921
4s, J&J, 60,000....... .Jan. 1, 1924
C it t N o t e s —
3>-j s

& 4s, $215,600. ...1 8 9 6 -1 9 1 3

IN T E R E S T on the water bomls and sewer bonds is payable at the
Winthrop National Bank. B oston; on city notes by check from
Treasurer's office.
T O T A L D E B T , ETC.—The follow in g shows E verett’s total debt,
the sinking fund held against the same, and the w ater debt, on each of
the dates named.
Jan. 1,’90.
Jan. 1, ’95.
A pr. 1 ,’94.
Total debt........................................$590,600
$509,750
$471,700
Sinking funds................................. 41,480
29,500
8,319

Net debt............. ...............$549,120

$463,381
$184,000

$180,250
$184,000

Water debt (included in a b o v e )..$190,000

Of the total debt on January 1, 1896, $375,000 was bonded and
$215,690 represented by oity notes as described in the foregoin g list o f
outstanding loans.
ASSESSED V A L U A T IO N .—The assessed valuation o f real estate
ia 1895 was $12,853,600; personal property, $721,000; total, $13,574,600; total tax rate (per $1,000), $16-70. The total assessed valua­
tion in 1893 was $11,299,800. Property is assessed at a fair cash
value.
<
P O P U L A T IO N tu 1890 was 11,068; iu 1 8 8 0 it was 4,159; in 1870
it was 2,220. Estimated population in 1895 was 18,573.
V

Fort Wayne, Inti.—C. B, Oakley, Mayor. The following
statement regarding the indebtedness, etc., of Fort Wayne has
been corrected to Jan. 1, 1896, by means of a special report to
the C h r o n i c l e from J. H. Simonson. City Comptroller.

* H I CORTLANDT.”

Haight

Net debt...............................$677,495 $686,465 $681,535 $691,568
Water debt (included a b ove).$289,000 $285,800 $270,000 $270,000
The sinking fund receives yearly about 5 per cent o f the taxes
collected. The city lias no floating debt.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (About

two-tliirds cash value) and tax rate have been as follows:
Personal
Total Assessed
Tax Rate
Years.
Real Estate.
Properly.
Valuation, p e r $1,000.
18 85..................$17,459,060
5,316,880
$22,775,940
$1870
18 94.................. 16,553,055
5,218,825
21,771,880
11-00
1893................. 15,498,100
5.335,810
20,833,910
ll'O O
1892.................. 14.835,290
5,030,665
19,865,955
l l ’OO
1891.................. 14.046,010
4,997,520
19,043,530
l l ’OO
1890..................................................................
19,629,540
l l ’OO
4,437,605
19,000,000
11*50
1889.................. 14,562,395
1887.................
9,183,400
3,377,740
12,561,140
lO ’OO
13,450,075
.........
1880..................................................................
The flgures o f ta x rate for 1895 include State tax, $3 01s3 ; county
tax, $ 4 ’681s ; city tax, $ 9 ’ 5 J ; special school fund tax, $ 1 ’5 0 ; total,
$18-70.
P O P U L A T IO N .—In 1890 population was 35 ,393; in 1880 it was
26,880; in 1870 it was 17,718. In 1895, according to local flgures, the
population was 40,000.

ffitr a n c m io

Ifm a u c m L
l*omr distance Telephone:

R efunding R ailro ad L oans —
5s, M&S, $12,000 . ...S ep . 15, 1896 5 Ljs, A&O. $4,000 . . Oct. 25. 1896
24,000. Dec. 31, 1899
($4,000 yearly) to Sep. 15, 1898 5s, J&D.
4*28, A&O, $2 99,0 00.Oct. 10, 1913
INTEREST on tlie 5 per cent refunding railroad bonds is payable at
F ort W a y n e; on all other bonds at the Third National Bank, New York.
TOTAL DEBT, SINKING FUNDS, E T C .-T h e subjoined state­
ment shows F ort W ayne’s total m unicipal debt, the sinking fund held
by the city against the same and the water debt, on the first of
January, 1 8 9 6 ,1 8 9 5 ,1 8 9 4 and 1893.
1896.
1895.
1894.
1893.
Total bonded d ebt..................$685,800 $693,8Q0 $686,000 $694,000
Sinking funds..........................
8,305
7,335
4,465
2,432

Cable Address:

Fred. H. Smith,

“ RUUKKATION, N. Y.

Hankers & Commission Stock Brokers,
53 B R O A O W A Y . NEW Y O R K .
S3 S T A T E S T R E E T , B O ST O N .

S TO C K S, B O lilM A N D C R A I N
Bought and Sold at 1-16 Commission.
S p ecial atte n tio n given to o u t-o f-to w n ac­
cou n ts.
AND

STOCKS AND BONDS.
AC C O U N TS
S O L IC IT E D .
INTEREST ALLOWED ON BALANCES,
darket Letter on Application. Correspondence
Invited. Established 1868.
All classes of Unlisted Securities and Traction
8tocks Bought and Sold.

H. G. Campbell & Co.,
B A N K E R S AND B R O K E R S ,
9 N ew S tre et an d 7 4 B r o a d w a y ,
NEW YORK.

)

Simon Borg & Co.,

BANKERS,

N o . 20 N A S S A U S T ., N E W Y O R K .

Mo. 10 W A L L . S T R E E T ,

DEALERS IX ALL KINDS OF

MEW Y O R K .

Railroad and Investment Securities.

DEALERS IN

Southern Securities a Specialty .

I VYESTMENT and MISCELLANEOUS
SECURITIES.

Gilman, Son & Co.,

Southern Securities a Specialty.

G

BANKERS,
18

W ALL

STREET,

NEW

YORK.

bankers,

"V ear B o o k
OF

FINANCIAL

-

INFORMATION.

B o u n d In red cloth, - - - - - - 62 DO
T o C h r o n ic le S u b scrib ers, - - - - 1 50

William B. Dana Comoanv,
PU BLI8 HER8,
P in e

S t ., C o r . P e a r l

S t ., N e w Y o r k .

HAND-BOOK
OF

RAILROAD

SECURITIES.

(Issued Semi-Annually by the Publishers of the

Bank and Trust Company Stocks
New York and Brooklyn

C O M M E R C IA L & F I N A N C I A L C H R O N I C L E .)

D E S C R IP T IO N ,
IN C O M E ,

■i W A L L S T .. N E W Y O R K .

Fred. M. Smith,

B un ker* and Comm inn! on i>!erebuilt*,

70 SOUTH ST R E E T ,

Solicit and Execute Orders on
N. Y. Stock Hxehauge.
N. Y. Produce Exchange.
N. i . Cotton Exchange. Chicago Board of Trade.
Unsurpassed Private Wire Facilities to New York,
Chicago and Western Exchanges.
Cable Address “ OZRo.”

A l 'B l R \ , M EW Y O R K .

A

In addition to a General Banking Business, Buj
*uu Sell Government Bonds and Investment 8e
oarttlan.

Investment Securities.

Makes specialty of Bank Stocks, Municipal and
Bonds and furnishes Solicited Information

ANNUAL—1896.

•Tmiuary, 1 8 9 6 ,

C LIN TO N G IL B E R T

Ch a s . d . M a r v in .
W . M. Kid d e r .

REVIEW.

N o . 62 C E D A R S T R E E T ,

E s t a b lis h e d 1865.
MKMBHRB OF NEW YOUK STOCK EXCHANGE.
Allow interest on deposit, subject to sight chunk.
Buy and sell on commission stocks and bonds either
ror cash or on margin, and deal In
A M. K id d x b ,
H. .1. M onas

»t

h

FINANCIAL

H e n r y G. Ca m p b e l l , ) Members N. Y. Stock
J. B o r d e n H a k r i b i a n , S
Exchange.

INVESTMENT BONDS.

R.. A . Lancaster & Co

r

MARGIN

Accounts of Banks. Bnnkers and Individuals
received on favorable terms.
NATIONAL B a n k r e f e r e n c e s f u r n is h e d .
U PTO W N O F F IC E . 1 1 3 2 B R O A D W A Y .

-ib.ciDL

N ow R ea d y.

Vo. 8 B R O A D S T R E E T , N E W Y O R K .

& Freese,

TRANSACT A GENERAL BANKING
STOCK EXCHANGE BUSINESS.

M IS C E LL A N E O U S .

BOUGHT AND SOLD.

P R IC E S ,
D IV ID E N D *.
FOR A SERIES OF YEARS.

CLAPP & COMPANY,
MILLS BUILDING, N hW YORK.

Price in Red L e a th e r C o vers,
T o S u b scrib er* ol the C h ron icle,

S i 00
75

WILLIAM B. 1)ANA COMPANY,
76*s P i n e Street,

NEW

YORK