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mm
Quotation Su p p lem en t ( m« „ ^
street Railway Supplem ent & « £
Jnvestor-s-S.upplcment (0« « ^
State.and City Supplem ent
Entered according to Aot o f Congress, In the year 1898, by the W illiam
VOL. 66.
. D ana Company , In the offloe of the Librarian of oontreu.
SATURDAY, FEBRUARY 26. 1898.
3P« (&htanirte.
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00
00
00
7 00
£ 2 10s
£ 1 10s
....
Annual Subscription in London (inoludlm
....
Six Mos.
do.
do.
do.
....
Above subscription Includes—
T h e Q u o t a t io n S u p p l e m e n t
Issued Monthly.
T h e I n v esto rs’ S u pplem ent
“
Quarterly.
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“
Quarterly.
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Semi-Annually.
¿ 1 1 o f which are furnished without extra charge to every subscriber
and
F in a n c ia l C h r o n i c l e .
File oovers holding six months’ issues or special file covers for Sup
plements are sold at 50 cents e a ch ; postage on the same is 18 cents.
Terms o f A dvertisin g.—(P e r Inch Space.)
Transient matter................. $3 50 |Three Months (13 tim es)..$25 00
STANDING BUSINESS CARDS.
Six Months
(26 “
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Tw o Months
(8 times).. 18 00 |Twelve Months (52 *' ).. 58 00
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W I L L I A M I*. D A N A C O M P A N Y , P u b l i s h e r s ,
P i n e S tr e e t, C o r n e r o f P e a r l S tre e t,
P ost Office B o x 958.
n e w y o r k
C L E A R IN G H O U S E R E T U R N S ,
The follow ing table, made up by telegraph, eto., indicates
that the total bank clearings o f all the olearing houses
o f the United States for the week ending to-day, February
have been $1,215,060,539, against $1,547,373,003 last week
and $804,682,488 the corresponding week o f last year. The
figures for the week in both years cover only five business
-days, Washington’s Birthday having intervened.
1898.
P .O en t,
$
New Y o r k ..,.,.,
0 635.136.43 5
+86* 2
P h ila d e lp h ia ...
4
61,5’ 5 32 9
+32*3
P ittsburg.......... . . . .
22,012,5( 0
13,520.127
+07' 3
B altim ore.......... . . . .
19,009,89 i
12,980,0Í H +46 4
B uffalo...............
5
3,8,6.82 0
—4’2
W ash in g ton ....
9
1,724,007
+10 )
R ochester..........
8
1,516.51 0 +20 3
S yra cu se ...........
? *
m .e ì 3
+33* )
S c r a n t o n ........
8
722,84 8 +25. )
W ilm ington......
3
689,92 5 +23* )
B in g h a m to n ....
0
374,40 1 —14 0
T otal M iddle. . . . 1,130,549,853 632,912,316
+78 0
B oston ................
0
85,025.859
+30’ B
P roviden ce. .. .
0
5.727.50 )
—14 S
H a rtfo rd .........
0
2,242.04 L +19 I
New H aven. .. .
i
1,442.87 )
+21' 4
Springfield......
(
1,160.51 )
+12*
W orcester..........
L
1.324.25 )
+10P ortla n d .............
I
1,216.34 L
+3Fall R iv e r........ .
0
1,010,72 )
—3
L o w e ll................
7
627.88 5 +37 >
New B e d fo rd ....
493,20 3 —19
... 120,498,86
100,171.49
+26*í
Chicago............
77,494,98
+49-Í
Cincinnati.......
ll.794.20i
+2*5
D e tro it.............
»
5,062.29'
+241
C leveland....... .
5,348.20!
+29-C
M ilwaukee......
4.665.96
+10-C
C olu m bus........
3,481,001 i + ï o :
In d ia n a p o lis..
1.701,57
+30*7
P eoria ...............
1,805,14Í
-OS
T oled o..............
1.247.27É
+41*5
Grand R apids. ..
799.671
—0 i
802 97f
D ayton........ .
.. .
739.47Í
620.75Í
+42-3
L e x in g to n .......
341,077
+430
Saginaw t ........
K a la m a zoo....
2 15,397
+ 30 9
................
A k ro n
233,00<
+ 7 ‘t
Bay C ity..........
+8*7
190.062
R o ck fo rd ......... .
142 21S
+38*(
150,707
Springfield, Oh. ...
—31-C
229,092
Canton..........
144,363
+183
Y oungstown*...
V
159,291,148 115,420,173
-fS8‘G
San Francisoo..
Salt Lake City.
Portland..........
Los Angeles....
Tacoma...........
----------------------------------- ----------------------- CLEARINGS.
Returns by Telegraph.
New York.....................
Boston . . . . . . . . . . . . . . . . .
Philadelphia............
Baltimore. . . . .. . . . . . . . . .
C hicago.. . . . .. . . . . . . . . . .
St. Louis . . . . __.........
New Orleans....... .
Week Unding February 26.
1898.
$616,194,606
71,102,426
53,221,179
12,111,442
73,669,979
21,368,672
7,398,839
1897.
$353,031,940
56,415,681
40,618,990
8,888,377
54,485,077
14,551,827
7,210,472
hence in the above the last twenty-four hours o f the week
have to be in all oases estimated, as we go to press Friday d ight.
W e present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
Saturday noon, February 19, and the results for the corres
ponding week in 1897, 1896 and 1895 are also given. Con
trasted with the preceding week, there is an increase in the
aggregate exchanges o f about three-hundred and thirtythree million dollars, and at New Y ork alone the gain
is . two-hundred and seventy-one millions.
In com
parison with the week o f 1897 the total for the whole coun
try shows an increase o f 621 per cent. Compared with the
week o f 1896 the current returns record a gain o f 75’0 per
cent, and the excess over 1895 is 114*9 per cent. Outside o f
New York the exoess over 1897 is 31*3 per cent. The increase
«aver 1896 reaches 53*3 per oent, and making comparison with
1895 the gain is seen to be 65*3 per oenfc.
j
1896.
«
524.826,765
62,502.774
11,513.347
11,408,083
4,097-161
1,629.984
1,063 639
9:8,31 SI
585,762
663,960
____ 308,600
609,527,784
1895.
889,682,896
50.570,385
9,524.768
0.028,931
3.959,307
1.447,704
1,222,735
798,569
595.926
671,941
834,80»
464,513,412
e8,884.278
«0,580.713
4,370,000
4,027.60»
1.810,568
1.759.908
1,100,289
1.018,402
1,236,54»
1.079,934
1,143,503
1,011,723
»27,102
»75,089
777,402
588,498
518.011
480,575
388,106 ____ 228,801
81,210,518
71,750.303
68,761,514
71,211,426
8,654,000
10,968.100
4,300’89Ò
4.882,731
4-731,039
4,286.208
4,226,847
4,023,802
2,028.700
2^619.200
1.528.362
833.832
1.209 873
2,034,080
1.234,331
765,206
690,610
848,28$
211,879
248.582
305 734
268 365
242,6*2
182 338
139,590
157,023
*194,152
234,438
244,837
467,198
148,429
171,005
100,492,132 '102,409,136
12,619.572
1,310.095
799,442
897,502
373.140
475.000
602.584
87,378
39,949
17,104,662
+38*3
+8 9
+9P7
+ 40 9
+151-7
+ 2512
+ 30 0
+1O0M
+ 1078
+47*2
12,221,814
1,118,975
815.000
893,061
490,701
400,189
354,100
84,529
86,092
16,524,521
9,754.561
1,143.638
769,977
681,998
554,031
363,045
307.642
83,000
61,814
13,920,206
1,068.390
..
100,994
..
6,668.717
4.287.420
2 910,205
584.499
1,619,217
900.000
746.881
304.325
427.055
578.221
97.410
105,344
86,129,460
10,237.802
6,750.820
3,789.071
3,050,578
2.520,812
443.595
1.000.000
798.603
415.534
139,937
303,939
402.184
61.100
79,384
29,102,919
+1-4
+32 4
+40-9
+40-0
+15-4
+31-8
+01-9
+127
+79-7
+117-5
+17-5
+25-1
+90 6
+327
+24*1
8,828.743
7,987.729
4,790,127
4,003,883
8,876 346
3 048,291
3,470.770
3.340.668
2,315,619
2,182.581
1.119,531
U 20.000
1.231.668
950,400
824,979
432,122
450.080
208,401
253.403
409.480
654,033
655,704
428,088
64.105
68,000
00.051
50,228
27.692,065 " 24,413,381
11.474.303
7,691.905
8,231.150
3,235 550
2,688.435
2,364,2?9
2,051.780
1,683,271
1,239,195
938,420
27.058.012
9.287.159
0.101.134
1.855.050
2,027.565
2,157,621
1,890.654
1.843.523
1.464.035
870.468
851,147
+2*4
+235
+26*1
+74*
+2
19 249,695
8,674,026
4 004,042
1 992,177
2.391 656
2 305,007
1 843.919
1,781.770
1.205,763
865,983
1,053,999
]
S
i
fi
Í
I
1897.
..
Total Pacifia.
P er Oent.
+7+5
+260
+30-9
+36*2
+35*2
+46*9
+ 2-6
1898,
*
..
..
.
..
.
.
.
Seven eitles, 5 days.......
$855,067,143
.
$535,231,864 ~
+59*8 7
.
Other cities, 5 d a y s ...........
120,998,764
101,768,493
+18*9 j
.
Total ail cities, 5 days....
Tot. other West .
$976,065.907
$637,000,357
+532
AU cities, 1 d a y ...............
238,994,632
167,682,131
+42-5 s
.
Total all oities for week . $1,215,060,639
$804,682,488
+51-0 L
.
The fu ll details o f clearings for the week covered by the Houston.............. ..
Savannah............ .
above statement w ill be given next Saturday. W e cannot, Richmond............
.
■of course, furnish them to-day, bank olearings being made Memphis..............
.
.
up by the various olearing houses at noon on Saturday, and Atlanta..... .
NO. 1705
Week ending February 19.
Clearings at—
PUBLISHED WEEKLY.
o f tiie C o m m e r c ia l
b
+2
+43
+ 8-1
+42-4
+ 10 2
18.277,710
6,471,562
4 666,609
2,062,520
1,883,903
1.Î92.773
1.750.862
1 607,830
924.848
714,523
808,275
Nashville... ........
Norfolk............ .
Waco+........ .
Fort Worth..........
903,415
682,824
+ 323
520,269
525,000'
Augusta...............
883.598
704.018
+26-4
445,112
670,040
Birmingham........
465,409
378,226
+23-1
303,244
251,185
Knoxville.............
473,442
366,473
+32-8
308.027
Little Rook..........
350,000
280.930
+217
304,702
183,580
Jacksonville........
243.384
218,750
+11*3
232.836
318,000
339 900
Chattanooga.........
288,146
+18-0
227.770
201,130
con..................
042 000
507,000
+20*6
Total Southern.
09,717,003
60,023,936
+ 16 1
48,540,691
42.833,473
Total all............ 1,547,373,003 954,735,604 +62*1 883.994,011 7
Outside N. York 650,772,393 419,610,069 +3Ï"8 359,166,946 1 333,267,680
Montreal.............
9,573.«3l
16.002.973
+67-2
8,948.743
9.489,391
Toronto....... .
+48-3
5,721.844
8.487.253
6,969,934
4.793,329
Halifax.................
1.062.476
-1*2
1.050,000
1,184,962
018,110
Winnipeg........... .
1.180 640
816.242
+45-8
936,583
688.505
Hamilton...............
695.816
+11*7
605 090
622.861
630,62»
John...... .......
-8 -0
506,599
491,457
Total Canada—
27,883,319
18,270,607
+52*6 ~ 18,061,813
16,425,96
Not included in totals, t Publication suspauded for the present.
898
THE CHRONICLE.
rvoL , L X v i.
freight, in various parts of the country, and have
T H E F IN A N C IA L S IT U A T IO N
noted the inability -of the managers to hit u p o n .
Matters relating to the Maine disaster have been any plan for cheeking the demoralization. The bond
the absorbing interest in financial markets this week. of union between the roads was slight enough before
There are very few facts- known to-day that were un the decision of the Supreme Court in the Transknown when we wrote last Friday. Whatever has Missouri freight case last year, but since then the
since been disclosed has left the cause of the roads have been completely at sea and no one has been
disaster wholly undetermined.
Rumors persist able to suggest a feasible remedy. We do not know
ently repeated, mixed from day to day with of course whether the decision of the Court in the
trifling developments of no significance, have be present Joint Traffic case will be the same as in the
come a widely disorganizing influence.
Prolonged Trans-Missouri case, but there can be no doubt that
uncertainty amid such surroundings has led to ex if it is and Congress does not change the,law, the roads
treme caution; caution has led to hedging, and the will be utterly helpless.
In the arguments before the Court this week, Mr..
natural fruitage, contraction and extensive liqui
James
C. Carter madn a very able plea showing tta
dation, has followed. The money market has been a
the
Joint-Traffic
agreement can be construed to be in
centre through which these influences have largely
accord
with
the
law.
He contended that the agree
acted. The circumstances related above account for
the loss of currency by our banks last week and this ment was not a violation of the Anti-Trust law in re
week. It was not an outlow for crop or business pur straint of trade. Instead of being in restraint of trade,
poses, but a notice that caution had extended to the it was actually intended to promote trade and com
interior and induced a withdrawal of deposits to merce. He maintained that regulation did not neces
provide against a possible need growing out of present sarily mean restraint, and that the word was
complications. This movement, added to the general only used in the statute as applicable to in
At
the
most the agree
situation, made lenders more discriminating and con jurious restraint.
servative, and very naturally produced on Wednesday a ment was merely a restraint upon competition, and
steadier and on Thursday and Friday a decidedly competition is only an incident to trade and not always
firmer money market— facts that in turn had a part in essential to the prosperity of trade. Indeed it is „
hastening the unloading of securities, and so contrib sometimes necessary that competition shall be cur
uted further to the break in prices. With the cur tailed in the interest of the public welfare. Competi
rent set so strongly against Wall Street values, and tion carried to its utmost limit must in the end al
with the uncertainty continued that was used to pro ways result in the extinction of weaker rivals by
duce the panicky condition, there was nothing to stronger ones ; hence to check it before it reaches
arrest the decline until a level had beeh reached that point is not in derogation of public inter
Railroad wars resulting from competition
where the large capitalists were ready to take the est.
are
destructive
not only to railroad property and
offerings of the weak holders.
injurious
to
stockholders,
but they are infinitely more
An incident of the qurrent liquidation has been a
decided drop in foreign exchange and reported en so to the public at large through discriminations
gagements in Havre and London of 12,800,000 gold which are often sufficient to raise one man to wealth
for Hew York. Such a movement was to be expected. while they reduce another to poverty. Hence Mr.
Investments in exchange have been so widely engaged Carter urged that the contract was in accordance
in as to include transactions by weak as well as strong with the law and was wholesome, in the interest
the railroads.
operators. We have often referred during late months of the public as well as of
to; the borrowings on exchange in the call-loan mar The main object of the agreement was to
ket. As many holders of stocks on margin have been bring about uniformity in rates, and if this is desirable
shaken out under the disturbed state of affairs, so the agreement was to be commended and not con
some of the buyers of exchange who have borrowed demned and restrained. He also contended that corn-;
on call instead of on time have found it convenient to petition in railroad rates could not be defended, what
sell on this occasion, and the operations net such par ever might be its beneficial effects in other lines of
ties a lossi It is also said that Europe has been pur business, and that the Government was under as much
chasing our securities freely the last few days. Should obligation to protect shippers from discrimination,
these purchases be continued or should money further such as grows out of unchecked competition, as if it
advance, the same round of movements m ay. be re itself owned the roads.
The Central of Hew Jersey does not issue a very
peated and the outcome be a further fall in exchange
and very considerable imports of gold. The latter, elaborate report, but at least one departure, in the
though, in very large amount at this late period of the direction of increased conservatism, is noticeable in
season is hardly to be expected. Besides, we are in the brief statement which has been submitted this
clined to think that the present scare has about spent week of the company's operations for the late calen
its force and will be followed by a clearer and more dar year. Previously the company has made it a
pacific view of the entire Cuban situation. We would practice to include the coupons, amounting to $428,refer our readers to an article on subsequent; pages, 120 per year, on the $6,116,000 of Lehigh & Wilkesbarre
Coal
Company
consolidated
mortgage
which treats this subject very fully.
owned by
it, in its yearly statement
The case involving the legality of the Joint Traffic bonds
payment of the
Association is being heard before the United States of income, even though the
Supreme Court at a time when the need for agreement coupons was not met, but deferred. The idea of
among the roads to maintain rates and protect the course was that the company would be able to realize
interests of shippers and railroads alike is being em upon these coupons some time in the future, and that
phasized by current events from day to day. All this in thé meantime the item might properly be carried
But now the company
•tfeek numerous dispatches have appeared in. the daily as a credit to income.
has
changed
its
policy
in
this respect and
papers referring to cuts in rates, either passenger or
F e b r u a r y 26, 1828 J
THE CHRONICLE
399
has eliminated the item altogether from in that the net gold reserve in the Treasury is already as
come. This undoubtedly is the wiser course, and large as is desirable. Another reason is that it has
the change is to be commended.
It is also been the practice of some of the banks to deposit gold
stated that the item has likewise been excluded for transfers of currency in order ro secure Govern
from the balance sheet. The company, as will be re ment rates for the transportation of such currency.
membered, last year reduced its quarterly dividend to Legal-tenders would then be presented for gold, and
one per cent, and is now on a 1 per cent basis. The the gold would again be deposited for transfers of
report shows that on the operations of the twelve currency. Banks are now shipping their currency
months a surplus of $186,737 remains above the amount directly to their correspondents, either by registered
required for the 4 per cent dividends, and this, as mail or by express, as may be directed by the conalready stated, without counting the interest on the signees.
Lehigh & Wilkesbarre bonds, payment of which was
It is now reported that the Chinese loan of £16,deferred.
000,000 has been underwritten at 90. The rate of
Considering the unsatisfactory condition of the an interest is said to be 4£ per cent. The Bank of Eng
thracite trade during the year, the result is fully up to land minimum rate of discount remains unchanged
expectations. Gross earnings increased over the year at 3 per cent. The cable reports discounts of sixty to
preceding, but only in small amount, namely $95,422 ; ninety-day bank bills in London 2 f @ 2 13-16 per cent.
at the same time, however, expenses were reduced The open market rate at Paris is l f @ l $ per cent and••
$149,897 ; the two together brought an increase in the at Berlin and Frankfort it is 2 f@ 2 £ per cent. A c
net in amount of nearly a quarter of a million dollars— cording to our special cable from London the Bank of
$245,319. The report says nothing as to the results England gained £543,351 bullion during the week,
of operations of the Lehigh & Wilkesbarre Coal Com and held £34,037,215 at the close of the week. Our
pany beyond the reference to the non-payment of correspondent further advises us that the gain was
the coupons on the consolidated bonds held by the due to the import of £114,000 from Australia and to
Central. How the Coal Company fared, therefore, receipts from the interior of Great Britain of £475,000
during the year cannot be stated.
The company, as net.and to exports of £46,000, of which £36,000 were
is known, is controlled by the Central. The charges to South America and £10,000 miscellaneous.
to capital account during the year by the Central were
The foreign exchange market was dull, steady and
only $129,543. In the matter of current liabilities the without special feature until Wednesday afternoon.
Central is in easy condition; the total of the current Then the market grew a little more active and thè'
liabilities in the balance sheet is only $3,882,063, tone wasjeasier. On Thursday there was somewhat of a
whereas the aggregate of the available current assets demoralizing fall in rates, caused by dearer money and
is given as $8,766,147, this latter including $259,090 by offerings of bills drawn against purchases of stock
of materials and supplies on hand.
for European account, and also by offerings by hold
Money on call, representing bankers’ balances, ers of long sterling, who were borrowing on call in
loaned at 1£ and at 2 per cent early in the week, averag stead of on time, and who disposed of their bills and
ing I f per cent. It was not until Wednesday that any thus increased the pressure on the market. The in
change was noticeable. Thursday and yesterday the quiry for remittance was light. Yesterday there was
market was active. Continued withdrawals of cur a further fall in rates and engagements of gold for im
rency by banks in the interior, a decided fall in stocks port to Hew York were reported at Havre and Lon
due to disquieting rumors, and a changing of loans, don. The course of the market in the near future
together with a demand for more margin on stock was quite uncertain, much depending upon the ratea
collateral, caused an advance in the rate on call to 4 for money. The gold engagements for import include
per cent on Thursday, with the bulk of business on $250,000 by Kuhn, Loeb & Co.; Muller, Schall & Co.*
that day at 3 to 3| per cent. Friday the extremes $600,000; Heidelbach, Ickelheimer & Co., $700,000;
were 2@3 per cent. The average for the week has L. Yon Hoffman & Co., $750,000, and the National
been about 2§ per cent. Banks and trust com City Bank, $500,000; total, $2,800,000.
panies quoted 2 per cent as the minimum early
Nominal rates for exchange opened unaltered on
in the week, and 2% per cent later, some banks Monday at 4 83|@4 84 for sixty day and 4 86@4 86^obtaining 3 per cent.
Time contracts were in for sight. There was no change until Thursday, when
moderate demand, with an abundant supply until Brown Bros. & Co., the Bank of British North Amer
Thursday at 2| per cent for sixty to ninety days, 3 for ica, Heidelbach, Ickelheimer & Co., Lazard Freres and
four to five and 3-| for six months on good Stock Ex the Merchants’ Bank of Canada reduced their posted
change collateral. Concurrently with the advance in rates half a cent, but these reductions caused no change
rates for call money noted above, time loan rates ad in the range. Yesterday further reductions made the .
vanced to 3 per cent for sixty days, 3£ for ninety days range 4 83@4 83£ for sixty-day and 4 85£@4 86
and 4 for four to six months.
Yesterday the for sight.
Rates for actual business opened on
quoted rates were 4 per cent for sixty days to Monday unchanged compared with those at the close
six months. Rates for commercial paper were of Friday of last week, at 4 83@4 83J for long,
unchanged, and they seemed to be uninfluenced 4 85^@4 85^- for short and 4 85|@4 85f for cable
either by the rumors or by the failure of the transfers. Tuesday was a holiday. On Wednesday,
woolen manufacturing house of Sawyer, Manning & though the tone was easier no change was made in
Co., of Boston. There is no particular pressure of pa rates for actual business, but on the following day
per on the market and the demand is moderate. Rates these rates sharply fell off, and the market closed
are 3£ per cent for sixty to ninety-day endorsed bills weak at a decline of half a cent in rates for long and
receivable, 8£@4 per cent for prime and 4^@5 per cent short sterling, to 4 82^@4 82f for the former and 4 84f
for good four to six months’ single names.
@ 4 85 for the latter, while cable transfers were threeThe Treasury has this week declined to transfer quarters of a cent lower at 4 85@4 85£. Yesterday
currency on deposits of gold. One reason assigned is there was a further sharp break, bringing the rates
400
THE
CHRONICLE
[V O L. L X V I .
tions which have proved the rule.
The attempt
of some sensational newspapers to make capital
by addressing the credulity and passions of the multi
tude has excited an outspoken revulsion of disgust
DAILY POSTED BATES FOB FOKEIGN EXCHANGE.
through the whole community. The hardly more
respectable attempt of one or two members of the
FBI., M o n .. TUES.. W SD.. T hitb., FBI..
Feb. 18. Feb. 21. Feb. 22. Feb. 23. Feb. 24. Feb. 25. United States Senate to obtain a moment’s cheap
84-3« B3«-3
84
81
94
days.
Brown Bros....» (( 60
86«-6 80-5« popularity by appealing to the baser instincts of their
86«
86«
Sight»..
86«
84
84
84
84
( 60 days.
88«
hearers and constituents has utterly failed of its pur
86«
86
80«
80«
Magoun & Co.. i Sight«..
86«
83«
S3«
84
84
84
160 days.
Bank British
pose. From this very Senate, to which for many
86
80«
86«
86«
86
No. America.. (Sight....
83«
83«
83«
83«
83«
years we have been used to look with doubt and mis
( 60 days.
Bank of
86
86
86
86
86
IH
Montreal....... ( Sight«..
giving, the solitary outbursts of reckless jingoism
84
63«
84
84
84
Canadian Bank ( 60 days.
85«
86
80
86
86
o f Commerce.. ( Sight....
c
68«-3 have been answered with a dignity and eloquence
84
84
84
w
Heidelbach, Ick- f 00 days.
§§«
80-5«
86«
86
86«
elheimer & Co { Sight.... 80«
which recall the older days when the Senate was what
84
84
84
83«
( 60 days.
Lazard Freres.. (Sight....
86«
86«
86«
86
its founders meant it to be— “ the balance-wheel
83«
84
84
83«
Merchants’ Bk. <60 days. 84
86«
86
86
86«
86«
o f Canada...... <Sight....
which adjusts and regulates.”
We have mentioned again this creditable exhibition
Rates for actual business yesterday were 4 81^@4 82
of
character, not in order to praise what we hold to be
for long, 4 84@4 84£ for short and 4 84|@4 84f for
cable transfers. Prime commercial 4 81@4 81^- and no more than ought to have been expected, but be
documentary 4 81@4 81f. Cotton bills for payment cause it gives confidence in a further appeal for exer
4 81, cotton bills for acceptance 4 81^-'and grain bills cise of the same qualities while we are passing through
the rest of this critical period. That the period, in
for payment 4 81£.
The following statement gives the week’s m ovem en ts some regards, is really critical, no one is likely to deny.
ot money to and from the interior by the New York The experiences of this week have been sufficiently
instructive—chiefly, however, as showing how timid
banks.
sentiment in some quarters has become. How trying
Received by Shipped by
N et Interior
W eek Ending February 25,1898.
the suspense has been the-action o*f that barometer of
ST, Y . Banks. N. Y . Banks.
Movement.
It
$3.829,000 $7,780,000 IiOss.$3,951,000 sentiment, the stock market, is abundant witness.
G old ...................................... ..................
392,000
581,000 Loss.
189,000
is not seldom true that self-control which is suffic
T o ta lg o ld and le g a l te n d e rs . . . . $4,221,000 $8,361,000 Loss.$4,140,000
ient to withstand the first shock of alarming
W ith the Sub-Treasury operations the result is as news—such as that of the Maine explosion ten days
follows.
ago— will be severely tested by a protracted period of
apprehension and uncertainty. The violent collapse
Out o f
Net Change in
Into
W eek Ending February 25,1898.
Bank Holdings.
Banks.
Banks.
in security values this week has measured, not the be
Banks’ Interior m ovem ent,as above $4,221,000 $8,361,000 Loss. $4,140,000 lief of financial interests that war with Spain is either
12,300,000 15,300,000 Loss. 3,000,000
inevitable or* probable, but the strain on endurance
T otal gold and leg a l ten d ers....... $16,521,000 $23,661,000 Loss $7,140,000
resulting from the period of uncertainty. Bad news
The following table indicates the amount of bullion is sometimes less disturbing than no news at all; and
in the principal European banks this week and at the the entire absence of trustworthy information during
corresponding date last year.
the period in which the Naval Court ha3 deliberated,
properly, with closed doors, has left the investment
February 25, 1897.
February 24, 1898;
Bank of
community in
the
condition of
one groping
Silver.
Total.
Bold.
lota l.
Silver.
Bold.
in the
dark.
There
is, perhaps, no great
£
£
£
£
£
£
34,037,215 39,029,270
39.029,270
llngland........ 34,037,215
cause for wonder, such
being the situation,
77,261,015 48,510,941 125,771,956 70,068,799 49,317,748 125,970,547
F rance.........
Germany * .... 30,008,000 15,457,000 45,463,000 30,947,200 45,942,000 46,889 200 that speculators with “ margins ” to protect, and with
A nst.-H ung’y 86,389,000 12,446,000 48,835,000 30,770,000 12,677,000 43,453,000
9,518,000 10,710,000 20,228,000 8,528,000 10,890,000 19,418,00t heavy obligations in a more or less unsettled money
Spain. ............
N eth erland s. 2,643,000 6,886,000 9,529,000 2,634,000 6,921,000 9,555,000 market, should have hastened to relieve themselves of
Nat.Belgium* 2,874,000 1,437,000 4,311,000 2,826,667 1,413,333 4,240,000
a portion of their load.
Tot.this week 192,728,230 95,446,941 288,175,171 191,399.936 97,101,081 288,501,017
T o t . prev.w ’k 192,201,660 »5,172.628 287.374,288 189,654,827 96.365,856 286.020,683
But the really notable incident of the week has.
* The division (between gold and silver) given in our table of coin been, not the liquidating sales of uneasy speculators,
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither ease is it but the confident and very heavy buying at each suc
olaimed to be aoourate, as those banks make no distinotion in their cessive downward movement of the market by the
weekly returns, merely reporting the total gold and silver, but we belarge and conservative investment interests. It is
Hove the division we make is a close approximation.
Note .—We receive the foregoing results weekly by oable, and while these interests which are by training and temperament
not all o f the date given at the head of the column, they are the re the soundest judges of a situation such as now ex
borns issued nearest to that date—that is the latest reported figures.
ists. Nor ought the attitude of London capital to
pass unnoticed.
With their own home money
T IIE R E A L C U B A N S IT U A T IO N .
market hardly favorable to speculative undertakings,
This week’s events, while they have justified the and with the English stock exchanges fresh from
high praise bestowed on our popular self-control a their really serious disturbance under last Saturday’ s
week ago by home and foreign "critics, have shown West African advices, these London interests
also the need of continuous and resolute exercise of have for ten days past been buying American
such a quality. It has been at least suggested “ that securities. In this foreign buying there is food for
:fche severest test of national sobriety and self-restraint th ou gh t; for the judgment of experienced watchers
Is yet to come. We believe that our people will show of the situation, accustomed by long practice to study
their fitness to deal with this as with all previous the probabilities of international diplomacy, and far
em ergencies; in this conviction the incidents of the removed from the turmoil of popular controversy on
present week again confirm us. This week, as in t^e the spot, deserves great weight in framing opinions of
first shock of excitement a week ago, it is the excep-1 our immediate future.
down to 4 81-|@4 82 for sixty-day, 4 84@ 4 84£ for
sight and 4 84^@4 84f for cable transfers. The follow
ing shows daily posted rates for exchange by some of
the leading drawers:
XV
co<x>
COCO
F e b r u a r y 26, 1898. J
________________
THE CHRONICLE.
401
¿ill conservative judgment in this matter must, we under present circumstances they would be, the
believe, take into account the possibility that the court proposition to inflict the penalty before even inquir
•of inquiry will decide that the Maine was not destroyed ing as to the true culprit would be monstrous and re
by accident. If the court were to find that the ves volting. But when such a proposition of national
sel was wrecked by an explosion from within, the coun Lynch law is made in a case involving wholesale sacri
try, we believe, would experience a sensation of in fice of life, property and public honor, we are almost
tense relief— this notwithstanding the many and seri tempted to ask, what can have happened to the wits
ous problems to which such a discovery would lead. of these hot-headed orators ?
But if it is demonstrated clearly that the Maine was
The truth of the matter is, that of all improbable
attacked secretly and deliberately from without, what theories regarding this mysterious occurrence, the
then?
most improbable is this very theory of culpability by
That such a discovery would be an affair of grave the authorities at Havana. Nothing has been more
significance cannot be doubted. The question of fix certain, in the events of the last four weeks, than the
ing responsibility, and discovering the culprit, would fact that the Spanish Government, and its representa
become a matter of the highest conceivable* import tives in Cuba, were straining every nerve to maintain
ance— doubly so from the fact that absolutely no prec amicable relations with the United States. A de
edent for such a case exists. But to assume, as liberate attack upon our war-ship would be a
many readers of the current news whose common singular supplement to such a policy. Nothing has
sense ought to guide them better seem to do, that the been more certain than the fact that Spain was striv
result of such a discovery would be an immediate ing to justify her cause in Cuba in the eyes of other
•declaration of war against Spain, is to adopt a conclu European States. A conspiracy to destroy a friendly
sion as unjust as it is absurd.
vessel in Havana harbor would be a curious move to
It is conceivable that the ship was wrecked by a win such international sympathy. We venture to say
torpedo; that the implement of destruction was ob — not because of belief in the friendly sentiments of
tained in the harbor of Havana, and was prepared and Spain, but because we give the nation credit for pos
launched with the deliberate purpose of destroying sessing at least the power of human reason—that in no
with its entire crew the United States man of-war. quarter would a suggestion for the destruction of the
Let all this be supposed: What possible grounds could Maine have awakened such horror and dismay as in the
be obtained from this, by a civilized pople, for declar administrative conferences of Havana or Madrid.
ing war on the Spanish G-overnment? We presume
We have no wish to pursue this reasoning further.
that if the Maine had been destroyed by a torpedo in As the popular theory which has made it necessary is
the harbor of Halifax, people who promptly charged in our judgment altogether childish, so it is difficult
the crime on the British Government, and clamored to argue seriously on the conclusions to which that
for instant declaration of hostilities, would be re theory would force us. We have no fear of war as a
garded as harmless lunatics. It will be answered, doubt result of this occurrence so long as our people main- .
less, that our Government’s relations with the Spanish tain the poise and self-control with which they
Government have been in some measure strained; have thus far met each successive crisis in the
that the presence of the Maine before Havana was Cuban imbroglio.
We are aware that the Presi
not welcome, and therefore that the two cases are not dent has in his hands, and will presently submit
analogous. But we suspect that when the situation to Congress, a report showing ,a really deplorable con
is^ seriously reviewed, it will be seen that the supposi. dition of affairs in Cuba. Undoubtedly the discus
tion which imputed deliberate responsibility for the sion of this report in Congress would be embittered
attack to the Spanish authorities would be the more by the sentimental influence of a decision that the
irrational of the two. The theory is so absurd upon its Maine was not destroyed by accident. We realize, too,
face that we have almost hesitated to repeat i t ; but it that in such a case some perplexing questions of re
needs to be repeated, first, because much of the cur sponsibility for an occurrence of this kind in a Spanish
rent random talk upon the subject leads directly to harbor would arise, quite irrespective of the silly
such an inference, and, second, because on no other theory that the Spanish Government approved the
theory could £a verdict of destruction by act of an act. But the more troublesome and serious these
enemy lead to a declaration of hostilities.
questions become, the more reason is there for appeal
Had it been the Spanish iron-clad now at anchor in ing to that sober judgment which our people have al
our harbor which was destroyed by an explosion, and ready shown themselves to possess in abundant measure.
had it been proved conclusively that the explosion
Much has been said, in recent debate on the Cuban
was a result of deliberate attack, we can conceive the situation, of the discredit which attaches to unwill
high spirit of scorn with which our people would have ingness to go to war, even wnen the cause is just and
met the insinuation that our Government had plotted the provocation great. No such accusation has ever
the ship’s destruction for purposes of revenge. In been truthfully lodged against the United States.
deed, we are not sure whether the sense of indignation But there is one still deeper stain on national honor,
at the insult contained in such suggestion, or the which we trust may be spared this country: the reputa
sen§e of its absurdity, would appeal most strongly to tion of provoking hostilities when they were not' justi
•our people. Y et, knowing this, our newspapers and fied, merely because of a conviction that victory would
in a degree some of our public men, have allowed be easy. We do not believe that our people have any
themselves this week to express freely and publicly wish to incur a stigma of this sort, nor do we think
their theories as to what sort of punishment that there exists such a thing as a “ war party” among
should be visited on Spain in case it were found that our citizens, outside of a very few professional agita
the Maine was not destroyed by accident. We cannot tors in Congress and in the press. Believing this, we
conceive of any more unwarranted position, and cer trust that the self-control and sound judgment already
tainly none could be more utterly un-American. Were exhibited in this Cuban matter will prevail as potently
the consequences a thousand times less serious than during the next few weeks.
402
THE CHRONICLE.
[VOL. LX'VI.-
All the indications, we think, prove that it is. A t
the outset it is well to remark that the Alton, con
The annual report of the Chicago & Alton Rail- stituting a trunk-line system connecting Chicago with
Toad, issued this week, will no doubt be considered Kansas City and St, Louis, was unusually well situ
disappointing. It is for the calendar year, and in ated to dispense with extensions and auxiliary lines.
comparison with small earnings in 1896 shows a Kansas City and St. Louis are both important traffic
further marked falling off in both gross and net— centres, and a number of independent lines and sys
$166,678, or 2 ’44 per cent, in the former and $281,- tems from the West $nd South terminate there which
808, or 10-05 per cent, in the net.
We have be could be depended on to act as tributaries and feeders
come accustomed to look for decidedly improved to the Alton. For the same.reason it is not possible
results in the case of Western roads. During the to draw any conclusions as to the effects of the Alton’s
first six months-of 1897, indeed, the conditions were policy had it been applied to other Western systems.
still unfavorable. But during the last six months the The Alton’s geographical location was such as to make
situation changed. Prices of grain, and particularly the policy feasible in its case, where in other cases it
wheat, advanced, the grain movement, stimulated by might haye been wholly impracticable, and very likely
an urgent foreign demand, became of large dimen disastrous.
Then also the Alton does not stand alone in making
sions, the farming sections enjoyed great prosperity,
and coincidently trade revived all over the United poor comparisons with the best of previous years.
States. The effect, as will be. remembered, was to While the recovery on it was small even during the1
give the Western roads an enormous tonnage, result last half of 1897, when other roads gained so largely,
ing in many instances in very striking gains in yet there are few Western roads, which, even after
revenues, this being a distinguishing feature ofthe re the 1897 improvement, do not still fall behind their
totals for some of the earlier years. Confining our
turns the latter part of the year.
Has the experience of the Chicago & Alton been dif selves, however, more particularly to the changes be
ferent from the rest of the roads, and if so why has it tween 1897 and 1896, we find in the first place that
fared worse than its neighbors? We know that many the loss was almost entirely in the passenger business,
will have a ready answer. The Alton, as we have so the passenger earnings for 1897 having been only
often pointed out in these columns, has during the $1,961,397, against $2,116,242 for 1896. It is possible
last twenty years pursued a unique and distinctive that the Alton, which has a very eligible route for
policy. While other systems were making new ex passengers, may have had a more active competition
tensions and spreading out in various directions, the to meet than heretofore from some lines whose roads
Alton management have rested content with their have been greatly improved through reorganization.
existing mileage and sought the development of that. As a matter of fact, however, the passenger business
The policy, too, was crowned with a considerable has been poor on all roads. It was a general com
share of success. During the time when nearly all plaint in 1897 that trade revival had not brought any
the other Western companies were obliged to reduce recovery in the passenger traffic, and many have been
their dividends, or suspend them altogether, the Alton the attempts to explain this apparent anomaly. Hence
was able to maintain for many years its old rate of 8 in this respect the experience of the Alton has been
per cent per annum. The fact that it, too, was finally not at all exceptional, but like that of other roads.
Again, there were in the late year some special dis
compelled in 1897 to make a cut in the dividend (re
ducing to a basis of 7 per cent per annum), and that turbing circumstances affecting either earnings or
the company’ s annual report now shows a new retro expenses, or both. Thus $133,881 was expended dur
cession in earnings rather than the decided growth ing the year on account of the reconstruction of the
characteristic of [the roads in general, will by many be superstructure of the company’s bridge over the Mis
taken as conclusive evidence that the policy of the sissippi River erected in 1873. The item increased
expenses to that extent and diminished net earnings:
management has proved a failure.
to
the same extent. Then it should not be forgotten
It must be admitted that in the light of the result8
that
the bituminous coal strike which began in July
now disclosed, the action of the company in reducing
and
lasted
for about three months was a serious draw
the dividend was not only conservative, but was
back,
depriving
the company of its coal traffic and in
very like a necessity. The first quarterly dividend
other
ways
impairing
the year’ s outcome. The com
in 1897 was on the old 8 per cent basis ; that is, was 2
pany’s
earnings
fell
off
continuously during the first
per c e n t ; the others were on a 7 per cent basis, or
seven
months,
and
the
heaviest
los3 of all occurred in
I f per cent each. The aggregate of the dividends for
July
when
the
strike
broke
out.
In August and Sep
1897, therefore, was 7£ per cent.
The company
tember
earnings
increased
despite
the strike. We
earned this amount of dividends, but the surplus
may
say
that
the
decrease
the
first
seven
months was
above the sum required for the purpose was very small
$424,597,
the
increase
the
last
five
months
$257,918.
— only $31,823. The decrease in net earnings, we
Nor should the steady and uninterrupted decline in
have seen, was $281,808. This brought the amount
of the net down to $2,519,928, the smallest total for rates, both in passengers and in freight, be overlooked
nineteen years—that is, since 1878. The gross earn as a factor in the unfavorable results. The average
ings for 1897 were $6,673,605, which is better than per tori per mile in 1897 underwent a further decline
the extraordinarily low total for 1894 (following the of over 6 per cent, reducing it to only 763 thousandths
panic of 1893), but is with that exception the smallest of a cent per ton mile, the lowest point, we believe,of any year since 1879. In 1887 the gross was $8,941,- on record. As recently as 1894 the average was 917
386, against the $6,673,605 for 1897 ] the net in 1887 thousandths. There are roads of course in the east
ern part of the country where the average is much
was $3,671,183, against $2,519,928 now.
smaller
than three-quarters of a cent per ton mile.
But can the unfavorable showing be attributed to
But
for
a
road in the West and having a traffic like
the policy of not adding new lines and extensions ?
that
of
the
Alton, the average given is signally low.
Is not the explanation to be found in other causes ?
T H E CH ICAG O & A L T O N R A IL R O A D .
F e b r u a r y 26, 1898.]
THE CHROM* LK
403
We may note at the same time that the average on being used for the expansion of the Imperial army and
the passenger traffic dropped to below two cents per navy, but in addition the Government has absorbed a
passenger per mile— to 1*918 cents.
large amount of capital from the people through the
But the best proof that the year’s poor outcome can means of bonds and taxes. This war has, however, given
not be ascribed to the lack of a system of roads under a tremendous stimulus to the rise of new industries.
the Alton’s own control west of the Missouri, is fur
In 1894 there were in Japan 537 commercial firms
nished in the fact that the falling off is in the local supported by natives, with a capital of 32 million yens;
traffic, not in the through traffic. If the absence of an 454 manufacturing corporations, with a capital of 41
auxiliary system were proving a detriment, the through million yens, and 896 banks, with a capital of 159 mil
traffic would be the class to suffer and reflect that fact. lion yens. Now there are 1,005 commercial firms,
But the report shows 715,595 tons of through freight with a capital of 239 million yens; 980 manufacturing
moved in 1897, against only 587,700 tons in 1896, corporations, with a capital of 163 million yens, and
548,383 tons in 1895 and 513,890 tons in 1894. On 1,552 banks, with a capital of 309 million yens. Dur
the other h^nd, the local traffic amounted to only ing the same interval the Japanese people have invested
2,391,650 tons in 1897, against 2,658,989 tons in 1896, nearly 400 million yens in railroad enterprises and
2,695,896 tons in 1895 and 2,260,338 tons in 1894. about 100 million yens in maritime transportation.
Moreover there are branches of the local traffic where And in the single year of 1896-97 the foreign trade of
the 1897 figures are the poorest in a long term of Japan increased from 275 million.to 370 million yens.
years. For instance, the earnings of the company
This rapid promotion of the Japanese industries ap
from farm products shipped at local stations in Illi pears almost incredible, and it is really very difficult
nois and Missouri were less than in any year since to understand how the Japanese people have acquired
1885. From farm products shipped in Illinois the so much additional capital in so short an interval.
earnings were only $697,884 in 1897, against $1,011,- Undoubtedly, they must have imported some foreign
032 in 1896 and $928,240 in 1895. On wheat by itself capital, but this does Rot exceed, so far as the record
the revenue on local shipments in Illinois was almost shows, the sum of 70,000,000 yens. In studying the
nil— being reported only. $12,926 in 1897, against deposit column of the banking report, we find the
$137,313 in 1896 and $213,484 in 1891. On ship increase of forty per cent in the single year of 1894ments of farm products in Missouri the revenue was 95. But I cannot tell whether or not deposits have
hut $198,036 in 1897, against $344,843 in 1896 and increased in the same ratio after 1895. Supposing that
$348,238 in 1895.
they have, still there is reason to believe that the de
These small earnings may appear surprising in view mand for capital in my country has outrun its supply.
of the excellent harvests gathered in the West the The following furnishes strong corroborative evidence.
AVERAGE RATE OF INTEREST PER DAY ON 10,000 YENS.
last two years, and to many it will seem as if the com
TOKIO BAN K OF
TOKIO BANK OF
pany was losing its hold on the local traffic. But such
BANKS. JA P A N .
BANKS
JAPAN .
Yens.
Ytns.
a supposition would be as erroneous as that in the
Yens.
Yens,
1893....... . . . . 2-03
150
1896.............
2-69
2*10
other case, and the explanation is as simple as in that ^ 9 4 . . . . . . . . 2-72
2 ’2 0
1897.............
2-93
2*50
case. While the crop situation was good as a rule in 1^95....... . . . . 2*48
2 -0 0
Thus the rate of interest has steadily risen, and conthe West, there were sections where it was very poor.
For confirmation we need go no further than to refer currently Government bonds have declined ; they used
to the fact that in Illinois the wheat crop in 1897 was to command 5 per cent premium before the war, but
one of the smallest in the State’s history, being re are now sold at 8 per cent discount. Especially since
ported by the Agricultural Bureau at Washington at the uncertainty engendered by the political crisis in the
only 11,578,003 bushels, against 28,668,146 bushels in East has the price of every security and stock in Japan
1896 and 33,312,370 bushels in 1894. In Missouri the enormously declined. As one result of this, several
situation was but little better, the crop at 14,104,458 banks in Tokio are refusing to take many of these de
bushels fo^ 1897 comparing with 23,353,920 bushels preciated securities as collateral. In the meantime not
for 1894.
a few of our newly-established corporations require
In conclusion it is only necessary to state that further investments of capital before they can be put
while local traffic in each of the leading cereals, wheat, fully in operation turning out their products. Thus
(Corn and oats, shows a marked decline in 1897 as’ com- we have the reason for the scarcity of capital and the
pared with the years preceding, the company’s total stringency of money, of which our people have been
traffic in each of these cereals increased, demon complaining for some time.
Besides the foregoing difficulties, our cotton man
strating very clearly that the road d il not fail to share
in the general expansion in the grain movement in ufacturers are at present experiencing pressure
1897, notwithstanding it had no lines of its own west from the fall in price of silver. For this deprec
o f the Missouri. Of wheat the road moved 4,478,522 iation in silver involves a corresponding rate of dis
bushels in 1897, against 3,615,669 bushels in 1896 and count on the foreign bill payable in China, and this
-4,274,468 bushels in 1895 ; of corn, 12,988,749 bushels discount in turn reduces the receipts of our cotton
against 11,122,420 and 11,043,849, and of oats 5,564,- manufacturers, who export their products mainly to
China. The alternative is for our manufacturers to
413 bushels, against 5,042,39L and 4,673,624 bushels.
ask higher prices from their Chinese customers, but
this would eventually diminish their demand for our
T H E P R O GRESS O F JA P A N E S E IN D US 7R IE S cotton goods. The Chinese demand for such goods has
A N D H E R F IN A N C IA L S I T U A T I O N *
already fallen off. The difficulty has been felt
especially by our cotton manufacturers in Osaka.
T o k i o , J a p a n , Jan. 1, 1898.
The Ohino-Japanese war has not given any material There has come a threatening stringency in the
assistance to the Japanese industries, for the indem money market at that point.
nity obtained from China has not only been wasted by
The latter part of December is the regular season in
-X-Gornmnnioated by a correspondent at Tokio.
i the year to settle all kinds of obligations, and people
404
THE ( HKONICLE.
[VOI. L XY I-
Island, in lots ranging from $458 40 to $9 35, for the
aggregate sum of $4,286 56. The action was to re
cover on two of these lots. The orders on which the
butter was delivered were apparently regular in form
and were signed by the purchasing agent for the De
partment of Public Charities and Corrections. It ap
pears, too, that the purchases were properly certified
to by the Commissioners of Public Charities to the
Finance Department. On this state of facts the lower
court gave a jndgment against the city, which judg
ment is now reversed by the Appellate Division.
The ground for holding the purchases invalid is that
they were not made after public letting to the lowest
bidder in accordance with the provisions of Paragraph
64 of the Consolidation Act. The relevant parts o f
this section are contained in the following: “ All con
tracts to be made or let for work to be done or sup
plies to be furnished, except as in this Act otherwise
provided * * * shall be made by the appropriate
heads of departments under such regulations as now
exist, or shall be established by ordinances of the Com
mon Council. Whenever any work is necessary to be
done to complete or perfect a particular job, or any
supply is needful for any particular purpose, which
work and job is to be undertaken or supply furnished
for the corporation, and the several parts of the said
work or supply shall together involve the expenditure o f
more than one thousand dollars, the same shall be by
contract * * * unless otherwise ordered by a vote
of three-fourths of the members elected to the Com
mon Council; and all contracts shall be entered into
by the appropriate heads of departments, and shall,,
except as herein otherwise provided, be founded oil
sealed bids or proposals made in compliance with*
public notice duly advertised in the City Record.”
We have put one phrase of the foregoing, it will bd
observed, in italics, because the question whether the
purchases were valid hinges mainly upon the interpre
tation to be put upon that phrase— that is, whether it
can be claimed to be applicable to the case under
review. We have already stated that the lower court
gave judgment for the contractors. Moreover, a;
minority of the Appellate Division takes the same'
view, and has written a dissenting opinion sustaining:
POW ER
O F O F F IC IA L S
TO IM P O S E
the lower court. This minority is made up of two of
L I A B I L I T Y UP O F M U N IC IP A L IT IE S .
the five judges, namely Judges Van Brunt and Mc
It is a well-settled rule of law that the officials of a Laughlin. They hold that as the butter was fur
municipality cannot bind the municipality except so nished upon different orders, given at different times,
far as they have statutory authority to do so. In other no one of which was for the sum of $1,000, the pro
words, that the acts of public officials in making con vision in Section 64 can not be held to apply
tracts for municipal corporations impose no liability to the purchases in question. Judge McLaughlin, who’
upon the corporations unless such acts come within wrote the minority opinion, contends that the statute
the authority conferred upon the officials by law. This was designed to prevent favoritism, fraud and cor
doctrine has received illustration and confirmation ruption by public officials, and that this was its only
in a case just decided by the Appellate Division of the purpose. He thinks that the purchases in this case'
Supreme Court, First Department. The case attracts must be treated in the same manner as though each
attention not only because the Court has reaffirmed an purchase had been from a different individual,,
old principle, but because in this judgment the doctrine and without any knowledge on the part of
has been carried further perhaps, or at least more the various sellers that purchases had been made of
other parties. He says the infirmity in the purchase
rigidly applied, than on previous occasions.
The decision was rendered in a suit brought against depends upon the want of power in the department to'
the city to recover for supplies furnished one of the I make it, and the question as to the want of power
city departments. The title of the cause was “ John is not affected by the fact that the separate purr
J. Walton and others (composing the firm of Hunter, chases are made from the same individual. In his
Walton & Co.) vs. The Mayor, Aldermen and Com estimation each of the purchases was as distinct as
monalty of the city of New Y ork.” It appears that though they had been made from different parties;
on various dates between the 8th day of January 1896 each had no relation to the others; nor was
and the 17th day of April 1896, the plaintiffs fur there anything which connected them together
nished butter for the public institutions at Ward’s as a continuous transaction. Moreover the city
in general require a large sum of capital set apart for
this purpose. The Bank of Japan has already issued
its extra notes to the sum of 40,000,000 yens
Still, the money market continues to be strin*
gent, and many eminent business men are hold
ing meetings in different places, discussing the
present situation and how to provide remedies.
Many have suggested an increase in the volume or
our currency, but this would not give any solution
of the existing difficulty, for the prevailing strin
gency of the money market is due to the scarcity of
capital, and nothing else. Secondly, some business
men have proposed to sell their stock holdings to for
eign capitalists. But evidently they do not under
stand that the stocks in question give the holders the
direct control of stock companies, and also evidence
the ownership of movable and immovable properties
belonging to such corporations. Moreover, according
to the revised treaties between Japan and other coun
tries, no foreigner is allowed to possess any immovable
property in Japan. Therefore, the proposed sale of
stocks is to be regarded as contrary to the law of the
country, unless some special arrangem ent'could be
made.
Lastly, the best of all the suggestions that have been
made is the proposed raising of a loan abroad either
by Government or by private corporations. In case
our Imperial Government should raise a large sum on
a foreign loan, the suggestion is that the money ac
quired be employed for the redemption of public
bonds possessed by our native capitalists. Of course
if private corporations secure loans abroad, the money
will go towards the development and expansion of
their enterprises. Either one of these methods would
increase our circulating capital, and in turn relieve
the existing stringency of our money market.. .
It is obvious from what has been said that the unex
ampled progress of Japanese industries has now been
checked, and unless some device is adopted for the in
troduction of foreign capital or the Chinese indemnity
payment affords relief the outlook certainly can not
be regarded as assuring.
F e b r u a r y 26
«i 8 ..
THE CHRONICLE.
406
has “ received and used the plaintiffs property; corporation is not bound. In such cases the statute
it has not paid for i t ; it concedes that it was of the must be strictly followed, and a person who deals
value claimed, and it also appears that a necessity ex with a municipal body is obliged to see that its
isted for its use. It is not even suggested that the charter has been fully complied with. When this is
butter was ordered, furnished or used with the intent not done, no subsequent act can make the contract
on the part of any one to evade the statute.” Fur effective.
thermore Judge McLaughlin argues that the statute
was never designed to enable the city to do an act R A I L R O A D GROSS A N D N E T E A R N IN G S
which, if done by an individual, would be dishonest
FO R TH E C A L E N D A R Y E A R .
Judge Ingraham, however, in delivering the pre
In our issue of January 15 we presented an early
vailing opinion, construes and applies the statute
preliminary exhibit of the gross earnings of United
rigidly.
He says the action in the present
States railroads for the late calendar year. To-day we
case was based apparently upon the assump
furnish a tabulation covering both gross and net earn
tion that the
municipal corporation (the de
ings, and comprising all roads from which it has been
fendant) like any private corporation, incurred
possible to secure returns of that kind. The state
indebtedness for supplies furnished by reason
ment, as usual, is a very comprehensive one. It
of an order given for the supplies and an ac
embraces over one hundred and forty thousand miles
ceptance of the supplies so ordered. The rule
of road, and the aggregate of the gross earnings runs
however, he points out, in relation to the
considerably in excess of a thousand million dollars,
liability of municipal corporations for contracts
and the aggregate of the net reaches nearly 350
made by its agents is somewhat different from that
million dol lars, as will appear from the following sum
which relates to a private corporation with general mary of the totals.
authority to make contracts and employ agents whose
----------------- January 1 to December 31.--------------- ,
— (190 roads.)
acts are binding upon the corporation. He refers to
.— Increase.— »
1897.
1S96.
Amount.
P.O.
the case of McDonald vs. The Mayor, where the Court Mil« s of road Oeo. 31. 140.447
138,979
1,463
1*06
declared that it is fundamental that those seeking to
$
$
9to<8 earnlnsrs..........1,092,732.890 1,037,51,1,872 55,221,018 5 3 2
deal with a municipal corporation through its officials Operating
expenses., 743,568.543
724,261.741 19,3 ">1,793 2 67
must take great care to learn the nature and extent of
Vet earnings........ 349.163,347
313,247,128 35,919,2 L9 11 47
their power and authority—that the acts of public
The results here are substantially the same as in
officials in making contracts for municipal corpora our preliminary statement in January. There is a
tions imposo no liability upon the corporation unless very substantial improvement in both the gross and
such acts come within the authority conferred upon net, the addition to the former having been $55,221,» the officials by law.
018, or 5*82 per cent, and to the latter $35,919,219, or
The provision in the Consolidation A ct above 1*47 per cent. In our »January article we set out all
quoted, Judge Ingraham says, is a limitation upon the leading events and conditions that had a bearing
the powers of the officers of a municipal corporation on the course of earnings during the year, and to this
to make contracts which shall impose a liability upon we would refer the reader, as the pressure upon our
the municipal corporation. The butter was ordered columns does not permit a repetition of the facts
from day to day, and each separate order was for less there given.
than $1,000; but it was all material of the same char
In recording such a large gain in both gross and net
acter, and the several parts together involved the ex the present statement is in sharp contrast with that
penditure of more than $1,000. In a little over three for 1896, when there was a small falling off in gross
months the Charities Department expended upwards and net alike. Indeed, since 1892 there has been only
of $4,200 in this way for butter alone. It also one other year (namely 1895), when an improvemen
had to supply the meat, bread and other articles of has been recorded. This affords an indication of the
food for the inmates of the asylums, clothing and fuel, gratifying character of the 1897 showing. The f o l
and other articles necessary for the maintenance of the lowing carries the comparisons back for a series of
institutions. Hence if the contention of the plaintiff years.
was to prevail, “ every particle of supplies needed for
Orón JOurniiiyt.
N et Earnings
all of these institutions could have been ordered by Year 4
Nn. of
Veitr
Vtar
Increase or
Pear
Year
I Increa »• o r
the Commissioner at such price as he pleased, upon s ch
Given.
Prccetlino
Dec ease I Given.
PrecetUn'j Decrea
terms as he pleased, or <f such quality as he pleased, \2 08
$
I
$
$
!
?
$
without competition, without public letting, in viola ’90(206) 1,007,51.0,788 935,3.'9.238 +72.141 530, 328,0 9,41* 313,780,661 +14.228,889
tion of the Consolidation Act, simply by placing the
articles needed in several orders, seeing to it that no
one order exceeded $1,000. That it was this method
which the statute was intended to prevent is clear.”
But counsel for the plaintiff had contended that the
city, having accepted and used these goods, must pay
their fair value. In reply Judge Ingraham points again
to McDonald vs. The Mayor and also to Smith vs. City
of Newburg. In the latter it was held that a subse
quent ratification cannot make valid an unlawful act
without the scope of corporate authority. An abso
lute excess of authority, the Court held in that case,
by the officers of a corporation. in violation of law,
cannot be upheld; and where the officers of such a
body fail to pursue the strict requirements of a statu
tory enactment under which they are acting, the
’91(219) 1,103,636,503 1,056 568 92}
’92(210 1.083,688.637 1,027,294,855
’93(19«) 987.538,272 981,058, 70
’91(20«
969,003,527 1,091,975,721
•95 209) l,o20,071 7o2 958,331,064
’9«(2<'4) 1.011,120.8 *;» 1 011,927.754
9'(lf>0) 1,092,’ 32,890 ’,08" ,5-11,8* 2
447,087,580,
+56,393.782'
—16,520,09)+
—122972191
+61,740,683
—S03.862
+55,221,018
353,353.918 330,797,1' i
345,840.027 338,133,575
297,907.025 308,338.667
291,832,7<7 332,126 310
315,i88.i55 288,936,514
301,319,169 306.622.621
349,166,34*1 313,247,128
+22,5*6,424
+7,706,452
-10.429.642
4’ ',323,603
+26.451 609
—5,303,3- »
+35,919,219
Another fact deserves to be brought out, and that
;s that substantially the entire improvement, large as
:t is, occurred during the last six months. This is
evident from the circumstance that our compilation
for the six months to June 30, covering practically the
same roads as the present compilation, actually showed
a loss in the gross— $1,734,085— while the gain in the
net was only $6,760,808. It will be remembered that
the last six months the whole situation changed. It was
then that the great advance in the price of wheat o c
curred ; then that the grain movement assumed such
large dimensions ; then that our agricultural classes
THE CHRONICLE,
406
entered upon a new era of prosperity, and then that
general trade slowly but very persistently revived all
over the United States.
The monthly summaries
plainly reveal the steady process of development
which went on. Taking first the gross, we find a loss
in January, then, very small gains the next three
months, an increase of about 3 per cent in May and
June, an increase of 7 per cent in July, of close to
15 per cent in August and September, and large ratios
of gain thereafter, barring only October, when there
was temporarily a lower percentage of improvement.
In the net the comparisons have been much the same—
a loss in January with gains thereafter, but only be
coming large the latter part of the year, when the
improvement in some months ran close to or in excess
GROSS AND NET EARNINGS.
N et Earnings.
Gross Earnings.
tlm th
1897.
1896.
Inc.or Dec. P . C.
$
$
$
54,763,771 58,194,991 -3,441,217
+8,144
54,7 75,297 54,779,153
60,244,942 59,297,542 +947,400
57,931,742 57,789,859 +141,883
61,077,45* 59,172,952 +1,904,504
53,457,057 51,751,399 +1,705,658
63,567,783 59,310,504 +4,237,27 9
72,475,928 03,0 9,898 +9,376,030
78,491,362 63,330,272 1^0161090
78,760,687 73,65 ',015 +5,110,67)
76,828,896 65,507,471 +•11321425
D e c ... 72A32/0O 63,813,016 +8,619,844
1897.
$
5-91 14,900,873
15,908,044
o-oi
1-60 18,826,381
0-25 16,015,574
322 17,410,347
3-29 14,904,563
7-18 19,881,54»
14-86 21,815,076
14-87 28,180,104
6-94 28,949,531
17-28 23,391,807
13-51 24,2)6,754
1896.
Inc.or Dec. P. c.
$
$
10,123,199 —1.22Î.326 7'59
11,520,964 +1,387,08 1 P*55
17,211,819 +1,614,562 9‘79
15,296,017 +749,557 4‘90
15,148,650 +■2,261,697 14-93
13,486,252 +1,418.311 10‘52
17,276,285 +2,605,264 15-08
20,215,655 +4.599,421 22"75
22,,<88,153 +5,491,948 2F21
26,694,685 +2,254,810 8"45
22,525,740 +5,866,061 26-04
20,455,428 +3,8)1.82'' 18‘58
NOTE.—The number of roads included in January was 134; in
February 131; in March 135; in April 134; in May 135; in June 111;
n July 134 in Augast 142; in September 138; in Ootober 130; in
November 139; in December 134.
It is scarcely necessary to say that in the case of
many individual roais very heavy amounts of gain are
shown, and that as a rule the grain-carrying roads are
most conspicuous in this way. The Burlington &
Quincy, for instance, has nearly 5 f million dollars
increase, the Atchison 3^ millions, the Canadian
Pacific H millions, etc. But in reality the improve
ment extends to all parts of the country and to all
classes of roads, not excluding the roads in the
manufacturing and mineral districts, of which the
Pennsylvania is a type, it having added over 4^ million
dollars to its gross. In the net earnings the showing
is much the same, and wc have an equally noteworthy
series of increases. The decreases of any magnitude
are so few as hardly to deserve mention. There are
only two for amounts exceeding $200,000 in the gross,
and but one, namely the Chicago & Alton, for that
amount in the net, as will appear by the following.
PRINCIPAL CHANGES IN G R O S S EARNINGS FOR 1 2 M O N T H S .
In crea ses.
Chicago Bur. & Q uin...$5,713,802
Pennsylvania t.............. 4,178,100
Atoh. Top. & Santa Fe. 3,716,949
Canadian Pacific.......... 3,367,938
Illinois Central!............ 2,962,9o9
Union Pacific................ 2,930,473
Mexican Central.......... 2,637,803
Southern Pacific . . . . — 2,244,039
Northern P a cific.... . . . 2,102,988
Erie.................................. 1,805,146
New York Central........ 1,568,921
Chicago & Nor. West— 1,394,019
K. O. Pittsb. & Gulf !... *1,383,211
Balt. & Ohio.................. 1,164,172
Southern Railway........ 1,067,696
Ches. & Ohio.................
8^7,211
Grand Trunk ........
Clev. Cin. Chic. & St. L.
837,066
Chic. Mil. & St. Paul...
826,378
N. Y. N. H. & Hartf’d ..
789,144
Mexican National........ *755,725
Pacific Coast.................
Dulu< h & Iron Range .
670,693
Louisv. & Nashv..........
589,657
Rio Grande Western...
571,380
Chie. St. P. M. & O m ...
496,600
Nash. Chat. & St. L .......
^56,015
Northern C entral........
446,101
Union Pac. Den. & G ...
452,861
In crea ses.
St. Louis & San Fran.. $442,551
St. Jos. & Gr. Island..
438,597
Kan. C. Ft. S. & Mem.
432,484
Denv. & Rio Grande..
412,744
Chic. Great Western..
399,370
Oregon Short Line---390,735
New England...............
359,5)0
Ft. Worth & Den. C...
308,953
Mobile & Ohio.............
296,945
Cin. N. O. & Tex. Pac.
287,462
Balt. & Ohio So’ west.
277,354
Mont. & Mex. G u lf... .
263,911
Georgia & Alabama...
261,201
Chic. & East. IUs........
257,471
Wabash........................
242,296
N. Y. Chic. & St. L __
227,450
AUegheny V alley.......
211,521
Minn. St. P. & S. S. M.
211,494
Long Island System..
201,696
Total (representing
61 roads)..............$53,702,989
D e cre a s e s .
Dul. So. Sh, & A tl.......
$314,696
Del. Lack. & W est....
230,953
Total (representing
3 roads)...............
* Per eleven months, t Covers lines directly operated East and West
e f Pittsburg; the gross increased $2,126,600 on Eastern lines and
$2,051,500 on Western lines.
t Increase based in part on larger mileage.
. L X 'V I .
Atch. Top. & S. F e. . . .
$346,881
338,625
2,923,960 Lake Sh. & Mich. So..
337,728
2,362,821 St. Jos. & Grand Isld.
New
E
n
gland..............
304,245
2,196,194
302,587
Erie......................
Rio
Grande
W
est.......
293,073
1,426,098
Northern Central.......
290,839
Un. Pac. Denv. & Gulf
286,924
269,905
1,185,790 Louisv. & Nashv........
Central
of
N.
Jersey..
245,319
1,052,706
244,725
871-.562 St. Louis & San Fran.
242,359
Allegheny
V
a
lley.......
770,136
241.417
697,957 Mont. & Mex. G u lf...
239,073
622,098 Duluth & Iron Rge__
218,002
*609,56S Denv. & Rio.Grande..
Lehigh
Valley
RR.
I
..
214,834
585,560
214,603
552,602 Grand Raps. & In d ...
Ft.
Worth
&
Den.
City
211,462
541,990
529,283
Total (representing
*458,412
59 roads)............. $32,960,511
437,594
YIa p p a d bob
421,746
Chicago & A lto n ........ ’ $231,809
349,954
* For eleven months, ! For year ended November 30. t Covers lines
directly operated east and west of Pittsburg ; the net on Eastern lines
increased $2,328,300 and on Western lines $2,16o,000.
a Increase is based in part on a larger mileage.
Arranged in groups, the anthracite group alone re
cords a decline in the gross, thus reflecting the ad
verse condition of the anthracite trade, while in the
net no group falls behind. In the net, too, the gains,
in ratio at least, approximate one another very closely,
if we leave out the Pacific group, where the increase
runs as high as 22*20 per cent, and the anthracite
group, where the increase runs as low as 4*53 per
cent. The following shows the totals for the different
groups. At the end of this article will be found a d e
tailed statement giving the figures for each road in
cluded in the various groups.
SUMMARY BY GROUPS.
SECTION OR
Gr o u p .
Tan. 1 to Dec. 31.
New Enzl’d (13)
rrunk lines.(18)
Anthra. co a l(ll)
Middle ......(2 3
Mid. W est’n.(32)
North west’n (15
3onthwest’n(18)
Pacific Ooast(18)
Southern....(39)
M exican.......(1)
N et Earnings.
Gross Earnings.
1S97.
1896.
73,258,093 73,663,453
304,502,292 293,365,047
145,085,854 145,414.211
37,540.91? 36,474,154
72,989,832 68,943,096
130,975,641 127,466,279
68,658,740 01,025,567
129,752,501 117,181.650
101,687,8.9 97,229,888
20,281,135 16.748.627
1897.
1896.
24,002,808
92,834,005
34,509,578
11,495,120
23,345,723
51,500,480
20,916,570
50,880,89o
32,046,920
7,634,175
22,241,50!'
84,198,936
33,013.521
10,677.506
21,412,040
46,119,894
18,562,114
41,037,991
28,965.126
6,418,489
Inc. or Dee.
+1,761,866
+8,635,067
+1,496,057
+817,620
+1 933,677
+5.3-0,586
+2,354,462
+9,242.905
+3,081,704
+ 1 ,2 1 5 /8 '
7-92
10-26
4-53
7*66
9-03
11-67
12-68
22-20
10-64
18-94
349,166, «47 8L3,2*7,1281+35,019/19 11-47
m i l e a g e .—ane
mueage ror iuo auuve gn>uy» io ns iuuuwo. ..tot»
England, 5,296 miles against 5,295 miles la 18Jt>; Truuk lines, 24,828
igamst 24,828; Anthracite coal, 5 554 against 5,529; Middle States,
1,119 against 4.113; Middle Western, 12,331 against 11,524; North
western, 25,438 against 25,417; Southwestern, 15,182 against 15,065;
Pacific Ooast, 24,114 against 23,988 ; Southern, 19,883 against 19,668;
Mexican, 3,647 against 3,552; grand total, 140,4 47 against 138,979.
Wi t h rpfftrp.np.R tn t.hfi statement. fo r D e ce m b er, c o n
sidered by itself, only a few words are necessary. The
exhibit ranks among the best of the year, the increase
in the gross being 8 f million dollars, or 13*51 per cent,
and in the net over 3 f million dollars, or 181 Per cent.
In this case no group has fallen behind in the gross,
and only one (for a trifling amount) in the net. The
ratio of gain for several of the groups is very heavy—
thus the Trunk line group has 21*69 per cent gain, the
Anthracite Coal 21*89 per cent, the Middle Western
26*71 per cent, the Southwestern 23*95 p8r cent and
the Pacific 30*51 per cent.
Se c tion o r
Gr o u p .
N et Earn
Gross Earnings.
1897.
1896.
December.
I
$
Trunk lines..(12 19,660.235 17,277,840
7,563,359 7,003,572
Anthra.iCoal. (6;
2,730,131 2,414,234
Bast. &M id .(ll)
Mid. W est’n.(19) 5,033,683 4,208,670
Northwest’n (10) 7,417,061 6,596,397
Southwest’n.<17) 6,603,063 5,661,305
Pacific Coast (16) 12,400,965 10,493,460
S outhern.... i38i 9,663,186 9,023/0-'
1,356,204 1,133,576
M e x ica n .......(2)
Tot.. (134 r’ ds)
$545,649
ol
PRINCIPAL CHANGES IN N E T EARNINGS FOR 1 2 M O N T H S .
X n Al*AH fitAfit.
• In c re a se s .
Pennsylvania t ..............
Ohio. Bari. & Q uincy...
Northern Pacific...........
Canadian Pacitlo..........
Southern P a cific..........
Union Pacific.................
Illinois Central a..........
Grand Trunk.................
Chicago & North West.
New York Central........
Norfolk & Western.......
Chic. Mil. & St. P a u l...
N. Y. N. H. & Hdrtf’rd.
Southern Railw ay........
K. C. Pittsb. & Gulf a ..
Del. Lack. & West........
Mexican Central..........
Wabash....... ..................
Boston & Main©............
Mexican National........
Pacific Coast..................
Del. & H udson .............
Oregon Short Line.......
Cin. N. O. & Tex. Pac.
of 25 per cent.
-------
[V
72.432,890 63,813,046
1897.
1896.
$
*
5,868.629
1,563.121
663,956
1,885,152
3,023,927
2,209.23»
5,206,04»
3,403.732
534,949
In c. or Dee.
P.O.
4,821,170 +1,045,459 21*69
+280,732 21-89
1,282.889
—1,282 0-23
565,2? 8
+397,377 26-71
1.487,775
+111,980
3- 85
2,911,947
+126,839 23-95
1,782,400
3,988,897 -("1,217,152 30*51
4- 81
+156,183
3,247,549
+166,886 45*34
368,063
24.256,751 20,455,428
It will be understood, of course, that til
follows a loss in 1896, and in fact all other years since
1892, with the exception of 1895, when there was a
temporary marked recovery.
Gross Earnings,
Year and
number
o f road«.
December.
1891 (132)
1892 (121;
1893 (121:
1891 (132)
1895 (137)
1890 (133)
1897 (134)
Year
Chiven.
04.137.108
02.043,259
47,982,276
47,871,045
68,382,246
54,227,519
72,432.890
,— :---- Gross. -
Net Earninjs.
YearIncrease or\
Preceding. Decrease.
$
58,870,658
01,501,607
58,233 430
49,838,120
52,704,783
55,805,133
63.813.046
407
LHE CHttONlÜJLiS
F e b r u a r y 26 l ö i 8 J
+5,286,510
+1,141,052
—3,301,160
—1966,425
+5,077,463
—1,637,619
+8.019.844
Year
Given.
$
21,071,00’;
20,794/04
15,178,383
15,044,638
19,527,667
13,270,470
24 256.754
Year
Increase or
Preceding. Decrease.
$
18,406,852
20,739,852
18,423,057
15,295,650
10,584,851
18,354,744
20.456.498
*
+2,664,245
+ 54,652
—3,245,269
—251,014
+2,942,816
—84.324
0-3.801/26
We annex a list of the roads distinguished for large
losses or gains during the month. The statement
comprises all changes amounting to $30,000 or over.
It is a striking illustration of the generally favorable
character of the exhibit that there are no losses for
this amount in the gross and but one in the net.
PRINCIPAL CHANGES IN G llO S S EARNINGS IN D E C E M B E R .
In crea ses.
Pennsylvania!.............. $1,320,200
Ohio. Burl. & Q uincy...
521,494
Atoll. Top. & S. F e__ _
501,491
Southern Pacihc............
488,071
Illinois C e n tra l...........
481,728
Phil. & R. and Coal & I.
462,634
Canadian Pacific..........
396,871
Union Pacific.............
325,710
Northern Pacific...........
315,518
Grand T runk.................
291,032
Erie.............................. .
257,683
Chic. Milw. & St. Paul..
246,204
Baltimore & O hio........
226,606
Mexican Central...........
209,190
Denver & Rio Grande..
193,355
Oregon RR. & Nav.......
155,746
Southern Railway........
136,251
Clev. Cin. Chic. & St. L.
120,570
Chesapeake & Ohio.......
118,983
Paciflo Coast..................
92,911
W abash.......... ...............
90,532
Louisville & Nashville.
70,306
Phil. Wilm. & Balt........
69,100
Rio Grande Western__
[67,044
I IICrPilN(y§(
Union Pae. D. & Gulf ..
Northern Central..........
Balt. & Ohio Southw...
Clev. Lor. & W h e e l.....
Oregon Short Line__ *.
Chic & East. Ills..........
Ft. Worth & Den. C___
Long Island System . . .
St. Louis <fe San F ran...
Elgin Jol. & Eastern...
West. X. Y. & Penn......
Pitts. & W estern ..........
Kan. C. Ft. S. & Mem...
Leh. V.RR.and L.V.C’l.
Cin. N. Orl. & Tex. PactN. Y. Ont. & W estern..
Mobile & Ohio.............
Georgia & Alabama___
Buff. Roch. & P itts .....
Iowa Central.................
1897.
1890.
1897.
Anthracite GoaLyOwn.)
$
$
$
Lehigh Valley R R I... 19,559.107
19,641,897 5,145,836
N. Y. Gnt. & W estern. 3.950,278 3,«5*,«13
1,118,864
N. Y. Susq. & W e st... 2,286,232 2,271,507
1.030,838
Phlla. & Reading........ 21,313,422 21,0 4,3 )8
9,319,339
Coal & I r o n . ... ... ... 22,418,533
22,737,421
251,674
Total (11 road s)... 145.085.S54 145,414,211
Middle States—
Adirondack..................
Allegheny V alley......
Bath & Hammondsp..
Buff R och. & P ittsb’g
Buff & Susquehanna..
Cumberland Valley a.
Dun. A l.Val. & Pittsb.
Fall B rook...................
Hunt. & Broad T o p ..
Long Island System ..
Newb. Dutch. & Conn.
New Jersey & N, Y ...
N. Y. Phila. & N orf...
Northern Central.......
Phlla. W ilm . & B alt...
Stony C’ve & Cat. Mts.
Syr. Geneva & Corn’g.
Ulster & Delaw are....
Wallkill Valley...........
W est Jersey & Seash.
W est. N. Y. & P en n ...
York S ou th ern .... . . .
1897.
$
207.979
2,553.t36
39,047
3,452,098
620,899
757,329
221,511
649.697
509,5(0
4,509,832
129 379
275
804
6,732
8,942
34
881
399,
170,
2,550,
3,130,
70,
1898.
$
198,545
. 2,341,614
38,075'
3,337,788
540,295
753,003
200.115
6«9,076
583,382
4,308,130
138.309
t Covers lines directly operated both east and west of Pittsburg and
Erie. The gross on the Eastern lines increased $425,500 and the gross
on the Western lines increased $894,700.
PRINCIPAL CHANGES IN N E T EARNINGS IN D E C E M B E R .
In c r e a s e s .
In crea ses.
Pennsylvania t............... $456,900 Oregon Short Line........
$57,263
Grand Trunk................
333,112 St. Jos. & Gd. Island ...
50,425
Southern Pacific...........
323,878 Ft. Worth & Den. City.
45,779
Northern Pacific.. . . . . . .
307,173 Burl. Ced. R. & Nor___
41,578
Union Pacific................
270,477 Union Pac. Den. & G ....
40,477
Illinois Central.............
245,419 Chic. Burl. & Q uincy...
35,328
Atoh. Top. & S. Fe........
221.430 Louisville & Nashville.
34,468
Phil. & R. and Coal & I.
167,275 Pacific C oa st..............
32,705
Mexican Central...........
163,055 Norfolk & W estern.....
31,343
Baltimore & O h io........
151,519 Long Island System ....
30,714
Canadian Pacific..........
129,022
E rie.................................
100,620
Total (representing
Leh. V.RR.and L. V.C’l
77,339
41 roads)..............$3,529,243
Oregon RR & N av.___
61,720
D e cre a s e s .
Southern Railway........
57.777 Northern Central..........
$93,592
Denver & Rio Grande..
57,447
t Covers lines direotly operated east and west of Pittsburg <fc Erie.
The net on the Eastern lines increased $26,100 and the net on the
Western lines increased $430,800.
Pittsb’g & Lake Erie..
Pitts Lisbon A West.
Pittsburg & W est’n ..
So. Haven & East’n a.
T. Haute & Indianap..
St. L. Van. & T. H ..
T. Haute & Logansp.
Ind. A L. Michigan..
T. Haute & P e o ria ..
E. St. L. & Carond..
Toledo & Ohio 'ent...
Tol. Peoria & W est’n.
Tol. St. L. & K. C ity ..
1897.
+314,834
—1,885
+33,410
+207,842
- 2 i 1,209
34.509,578
1897.
$
85,094
1,074,869
19,107
1,177,735
291,457
243* 09
16,778
3*9,877
24<,025
1331.594
28 5“ 0
11,495,128
1897.
$
2,519,923
1,795,610
1,932,831
350,328
129,521
405,541
332.377
11 813
899.109
673,505
651,990
7,575,096
210,817
11,267
143,296
1,463.233
10.159
125,932
09.073
1,411,993
15,927
960,001
1,718
351,035
2M7.169
168.878
def.2,40 8
33,477
29,454
513,455
260 539
280,569
4,606,088
47,471
3,014.055
25,148
1,198.000
1,540,575
840,539
67,709
41«,069
81,097
1,732,108
940.091
2,258,811
Total (3 2 road s)... 72,983,832
Northwestern—
Burl. Ced. Rap. & No..
Chic. Burl. & Quincy..
Chic. Great W estern..
Chic. Mil. & St. P aul..
Chic. & North W est...
Chic. st. P. M. A O m „
Des Mo. A Kan. City..
Des Moines No. W est.
Duluth & Iron Range.
Daluth So. Sh. & Atl..
towa Central.. ........
Keokuk & W estern...
Mlnneap. & St. Louis.
Minn. St. P. & S.S.M..
Sioux Cy. & Northern
4,931,0(2
1,120,249
1,0) 5 426
9,111,497
402,943
945,833
6,2-0,003
$66,584
Total (22 ro a d s)... 37,540.943
66,320
60,171
1897.
Middle Western—
58,890
57,491 Chicago A Alton....... 6,073.605
Chic. & East’n Illinois 4,1)2,208
56,362 Chic.
June. Railways.. 3,321,423
56,108 Chic. &
W est M ich .... 1,650.724
49,757 Clev. Canton & So.......
687 315
48,243 Clev. Lor. & W heel’g.. 1,3 -0,094
Det.
Gr.
R .& W e st.... 1,316,740
48,672
404,232
42,516 Detroit & Mackinac...
Elgin Joliet A East’n . 1.202,912
42,350 Flint
& Pere vlarq.a.. 2,512,783
40,044 Gr.
Rapids & Indiana. 2,‘ 38,773
36,938 Illinois C entral........... 24,748,250
36,462 Indiana 111. & Io w a ...
758,483
39,547
34,027 Iron...............................
535,109
33,896 Kanawha & M ich.......
Erie & Western. 3,439,396
33,658 Lake
Manistique . . . . . . . . . . .
110,510
31,428 Peo Dec. & Evansv.e.
673/90
31,205 Pittsb. Char. A Yough.
159,774
Total (representing
61 roads)........ ....$8,088,402
-N et1898.
68,913,090
1890.
23 345 723
1897.
8
10,077,508
+817,820
1898. In c. or D ec,
2,801.737
1,710/19
1,984,267
821.111
138,149
372.101
180,072
119.704
441,312
603.803
437.387
6,263,969
189/09
6,692
118,733
1,427 016
33,897
175.296
101,355
1,384,081
3,953
950,069
def.3,000
216.804
190,328
87.128
def.7,078
10.021
23151
490,* 71
240,311
403,258
—281,809
+85,091
—52,030
+29,185
—8,628
+93,380
+152,305
—1,886
—42.143
+09.642
+214,603
+1.321,727
+21,808
+4,575
+24,562
+30,207
—14.738
—40,304
-31,482
+57,912
+11.974
+9.992
+4,776
+134.831
+100,841
+81,750
+4,790
+28.550
+0,303
+23.384
+20,198
-122,089
21 412,040
1896.
4,450.035
1,243.329
34,178,454 15,964,015
4,080,4-9
1,544,746
31,352.333 12,657.435
32.177,153 12.136. 18
8.150.193
2,915.346
12 .418
20.809
442,2*4
90.184
1 973,846
1,118,499
1,905/10
576,891
1,725,373
559,027
393,143
124,657
1,994.428
837.784
3,688,044
1,674,9 ¡7
224,256
86.013
Total (15 roads)... 136,975,841 127,406,279 51,500,480
1890.
1897.
1897.
Southwestern—
$
Arkansas M idland....
122,836
The following is the detailed statement for the cal Atch. Top. A S m. Fe.. 34,850,820
Austin & N orthw est.. *178,039
Choc. Oklah. & G u lf..
endar year referred to further above.
Colorado Midland......
Crystal...........
........
EARNINGS OF UNITED STATES RAILWAYS JAN. 1 TO DEO. 31. Denver & R io Grande.
Eureka Springs...........
/---------- Qro SS.---------- a
----- N et Ft. W.,A Deny. C ity...
1897.
1896.
1897.
1893. Inc. or Dec. Hous. & Texas Cent.. *3,664,534
*
New England—
$
$
$
8
Kan. C. Ft.S. & M em .. 4,914,223
Bangor & Aroostook .
775.633
719,717
305.420
279,944
+25.470 Kan. City Northwest.
B oston & A lbany........ 9,30 *.940 9.119.212
3,061,3t t
2,984,258
+70,98 I K. C. PUtsb. & Gulfa.
Boston & Maine......... 19,799,387 19,716,374
6,225,349
6,696,063
+529,283 Rio Grande Southern.
Bos. Rev. B ’h & Lynn.
277,290
245/16
82,626
53,114
+29,512 St. Jos. & Gd. Isl’d ___
Bridgton & S. R iver..
28.410
26.090
11,489
7,725
+3,7» 4 St. Louis A San Fran.
Fitchburg..................... 7,305,8 Í5
7,285/02
2,232.328
2.160.548
+05.082 3au. Art. & Ar. Pass...
G rafion & U pton........
50,045
53,5é5
14,827
20,108
—5,341 Texas Central»...........
H oosac Tun. & Wilm.
54,282
50,579
24.143
16,185
+7,933 (Jn. Pac. >en. & G ulf.
New England.............. 6,71d,S!l
5,3-6,761
1 /U 8 1 3
1.207,508
+304,245 W aco & Northwes’n ..
New London North'n.
76*1,473
074,159
188.591
19 ',246
—10,655
N. Y. N. Hav. & Hart. 30,2 *2,693 29,493,548 10.013. 01
9,345,744
+097,957
Total (18 roads).. 08,650,740
Phil. R. & New B ag..
664,836
017,417
232,409
192,004
+39 805
1897.
201.9c 9
Verm ont V alley........
209,613
69,o20
72,335
—3,3 9
Pacihc Coast—
$
Canadian P a c ific ...... 24,049,535
75 258.093 73 663.153 24.002.868 23,241,503
Nevada Central a .......
37,757
1898,
1897.
1897.
1890. In c. or Dec. Northern P a cific.».... 21,020,532
Trunk Lines—
$
$
$
Orégon Short L in e.... 5/60,608
Baltimore & O h io .... 26,100, U t 21,935.972
8,085.010
+28,010 Pacific Coast ............. 3,978.173
6,05 -*.300
B. & O. South west’n.. 6,456,971
6,179,617
1,940, >10
1,995,3)5
» 55,299
tio Grande W estern.. 2,974,2?3
Clev. Oin, Ch & St. L . 13,8 ■8.529 13,011,463
8,271, 95
3,13 i, 618
+140,037 dan Fran. & No. P a c..
8 5,080
Peoria & E astern.... 1.750 024
1,703,544
40n,348
3 -6,8 >4
+29,494 iouthern Pacific (6)... 50,89(142
Erie...... ....................... 33,137,072 31,331,926
8,488.792
8,184,205
San A n t.. 64,477,092
Grand Trunk
....... 19, -¡18,4 L2 18,431,201
6.0 8,0iS 5,3/P, -74 + íl® 4 7 Gal.Har.it
Louisiana W est’n ...
b907,93l
Chic. & Gr. Trunk a. 2,791.336
2,859,438
315.2 >8
251 508
+93,70')
M ’gans La. A T ex.... 65.173,879
Det. Gr. H. & vlilw.*
938.921
8 75,2I3
234.2 10
99,107
+135.0 3
N. Y. T ex. & M ex.... b3i8,772
Lake Sh. & Mich. S o.. 20,293.013 20,193,958
6,806,428
6,467.803
+338,025
Texas A N. Orl’n s... 61 442,229
Mich. Cen. & Can. So. 13,030,000 13,821,014
3.447.000
3,429,204
4-17,731
Pacific System..........634.647,175
N. Y. Cent. & Hud. R . 45/1.3.919 44,075,028 15,30-,236 14,314,530 +1,052,706 Snokane Falls A N o ...
59-1.910
N. Y. Chic. & St. L .... 5,815,215
5,->87/65
1.308,193
-*-109,436 Union Paciflo (-1)........ 19,420,983
1,190,757
P e n n .-E a st P. & E ... 64,223,170 02,030,578 20,532,018 58,2 3,708 +2,328,300
Union v*ac. Railway616,444,082
W est Pitts. & Erie.. 38,3 9,330 30,297,83 1 13,991,227 11,828,227 +2,185.000
Central B ra n ch ....... 6612,065
Phlla. & B riea.. .. 61/ 55,0>7 61,161,177 61 2 1,189 61,215,007
6 -50,183
Leased Lines .......
6514,200
Pitts. 0. C. & St. L. .615,149,793 614,439,029 64,880,110 65,850,<'50 64-1 030 080 Yisalia & Tulare........
8,978
Pitts. You. & A sh ... 61.402,757 61,383,101
6524,3 »9
64-89,242
64 ¡5,097
W abash........................ 12,200,200 11,963,904
3/80,297
4-541,990
3.338,307
T otal (18 roa d s)... 129,752,501 117,131,050 50,830,893 41,837,991 -49,242.903
1890.
1897.
1896. Inc. or Dec •
1897.
T otal (18roads)... 304 502292 293 315 047 92,834.005 81,198.938 4-8,635,007
Southern Roads—
8
$
1597.
1898.
1897.
1898. Inc. or Dec. Ala. Gt. S ou th ern .... 1,051/50
1,510.073
518,740
402,453
+50,294
Anthracite Coal—
Alabama M idland....
694,722
640.350
120,579
+21,273
99.306
Cent’l o f New Jersey. . 13.212,772 13,117.350
5,044.101
-+745.3 L9 Atlanta Knox. & Nor.
4,798,7.02
290/65
281,0**8
73.051
35,505
+
3 8 /8 6
Delaware & H ud son. .1 8 ,3 0 0/51 18,540,443
+421 740 Atlanta & West P oint
4.852.043
531,430
50ft,107
233.123
211,147
+21,970
Renss. & Saratoga.. . 62,43H;S20 62,303,084
5b f Ä
6 - 9 .5 6 Atlantic & Danville..
b82/,538
541,123
146.2 1
54-,384
120,357
+19,854
N. Y. & Canada...... . 6954,086
6920,940
6313,140
6-15,123 Birmlngh. & Atlantic.
203
23,704
2 ».981
5,903
2,7*0
+3,233
Albany & Susq...'.. . 64,055,'04 64,189,452 6l.9G6.0i9
64-71,452 Brunsw’k A W est’n ...
047
198,501
'590.000
001,125
207,574
—9,013
D el. Lack. & W est’n. . 43,975,899 44,206,352
+585 560 Central o f G eorgia ,... 5,423,549
6,730.979
5,323,209
1,900/70
1,775,107
+125,603
N.Y. Lack. & W est. , 67,854,858 68.227,990 63,93S;229 64,131,131 6-192,904 Char. A Savannah.. ..
600,249 , 556,589
134,476
134.124
+351
Syra. Bing. & N. Y . . 6849,554
6800,770
6387,782 *6358,930
6+28,840
3,583 701
11,397 417 *0.3*75 104
3,402,023
+181,133
Ä
408
South'n roads(Con.) Cin. N. O. & Tex. Pac.
Col. Newb. & Laurens
Gadsd. & A tt. Unton..
Georgia.........................
Georgia & A labam a...
Ga. Southern & F la...
G u lf & Chicago...........
Jacksonv. T. & K. W..
Kan. C. Mem. & Bir....
Lexington & Eastern.
Louisv. H en. a St.L.a
Louisv. & Nashville...
Macon & Birmingham
Memp. & Charleston..
M obile & Birmingh’m.
Mobile & Ohio............
Nashv. Chat. & St. L ..
N orfolk & W estern....
Northeastern o f Ga.a.
Ohio R iv er...................
Petersburg...................
Rich. Fred. ¿8 Pot’mac
R ichm ’d & Petersb’g..
Sav. Florida & W est..
8ilver Sp. Ocala & G..
Southern R ailw ay....
W estern o f Alabama..
W .Virginia & Pittsb.a
W rightsv. & Tennille.
THE CHRONICLE*
.----------a
1897.
$
3,659.112
296,950
8,686
1,610,032
1.12 '.623
874.334
52.047
304.493
1.216.610
204,077
464.172
20.853.203
67,105
1.445.198
3'8,881
4,012.704
5,460.9 «9
10.892.257
60,019
965,197
563,^48
697,986
335,137
3,436,357
191,249
19.734,666
601.076
361,503
88,361
-------- Net.—
T088.---------- 1
1896. Inc. or Dec.
1897.
1896.
$
%
$
$
1.252.660
902.706
3.371.650
+349,954
42,414
69,090
+26,676
236.575
3,419
5.004
—
1.585
10.604
—36.289
415,158
451.447
1.558,788
317.369
269.252
838.422
+48.117
+44,304
276,736
232,432
881,853
11.929
4.8 6 0
14,483
+2.554
308,686
+25.244
31,427
6.183
287,605
1.195,347
285,157
—2,448
57.319
+6.406
194,-94
63.721
+7,566
415,999
110.478
102.912
6.532.316
20.266,546
+269,905
6,802,221
61,98 i def.20.498 def.12.486
—8.012
1,325 395
+69,828
367,865
298,037
—27,799
338,768
43.780
7 ».579
+66.996
3.716,759
1.33 .581
1,270,565
+123,631
5.004,914
1.960.455
1.836.804
+871.562
11,081,866
3,253,221
2.381.659
—4.256
59,692
19.120
23.378
+15.154
P68.671
341,900
376.746
+36.271
549.845
235.900
271.171
+31.123
695.094
252,011
217.889
+26.802
90,399
338,074
117.'01
+84.454
888.425
3.417.477
972.879
—3.7P8
99,584
188,264
95.786
+622.098
13.6 6.970
5.425.975
6,048,073
+7,920
230.517
593.123
222.597
—20 300
357.893
187,177
168.877
—11,095
92,999
42,331
31,236
T otal (39 road s)...101,687 859 •97,229,888
1897.
1896.
M exican Roads—
$
Mexican Central........ 12.815,820 10,208,017
4,725,757
M exican Nation ala... 5.181,482
M exican Northern.a..
537,177
662,0 8
Mont. & M ex. G u lf... 1,416,656
1,152,745
Total (4 ro a d s ).... 20,281,135
16.748,527
32.046.920
1897.
28,965,126 +3,081,794
Inc. or Dec.
1896.
4,016.348
2,667,527
309,657
610.643
3,463,716
2,209,115
346,402
399,226
+552,602
+458,412
-36,745
+241,417
7,634,175
6,418,489
+1,215,686
Grand total (1 9 O r’ds).1092732890 1037511872 349,166,347 313,247,128 +35,919,219
a Figures and comparison fo r this road are fo r eleven m onths ended Nov. 30,
th e December returns not being ready yet.
6 N ot counted in footings, because included in earnings o f the system under
Which this road appears.
d Figures fo r 18 6 are partly estimated.
e Figures here given are for nine months to September 30.- '
For year ended N ovember 30.
+ Includes Chesapeake Ohio & Southwestern from July 1.1897, Ohio V alley
from August 1,1897, and Chicago & Texas from October 1,1897.
t Figures fo r these roads not counted in footings for this group, because
included in earnings o f Southern Pacific.
[From our own correspondent.]
L on d on , Saturday, February 12, 1898.
On Tuesday Lord Salisbury, in the House o f Lords, and
Mr. Balfour, in the House of Commons, made very full state
ments respecting what has been going on in China, disposing
o f some rumors which had made a very bad impression upon
the public. It appears that it was the Chinese Government
that objected to the opening up o f Ta-Lien-Wan as a treaty
port, and that the difference between the tw o governments
was settled by the arrangement that the port was to be
opened as soon as the railway extends to Ta-Lien-Wan.
Meanwhile the Russian Government has given a written
engagement that whatever ports fall into its power in China
shall be opened to British trade equally with Russian. The
German Government has given a similar promise with regard
to Kiao-Chou. Mr. Balfour added in the House of Commons
that the loan negotiations are at an end. And it is generally
understood that Japan has intimated that she w ill not insist
upon the payment of the remainder o f the indemnity if she is
allowed to retain Wei-Hai-Wei. So far, therefore, the crisis
in the Far East seems to be at an end, and the policy o f free
trade for all Powers appears to be admitted as a success.
A t the same time the British Government is supporting the
Russian in its demand that Prince George o f Greece shall be
nominated Governor of Crete, and the British, Russian and
French governments have agreed to guarantee the requisite
loan for Greece. It may be hoped, therefore, that the Greek
question is now in a fair way of being settled. It would ap
pear that an understanding has thus been arrived at between
the British and the Russian governments on all serious mat
ters.
Unfortunately there is still a dispute pending between our
selves and France with regard to West Africa. It cannot be
possible, though, that either government will be mad enough
to quarrel upon such a subject. In the Soudan the prepara
tions for the advance to Khartoum are being pushed forward.
That that is the ultimate object was admitted by Lord Salis
bury, who went so far as to say that he hoped Khartoum
would be in Egyptian possession in the course of a few months.
In India the stringency in the money market is as great as
ever, and unfortunately the plague appears to be spreading.
.According to newspaper telegrams it has broken out in the
Nyzam’s territory o f Hyderabad, in Southern India. On the
other hand the famine is at an end, the crops are all excel
lent, and the exports are proceeding most favorably.
The news from Australia is good, too. There are now hopes
that the wheat harvest will turn out better than was antici
pated. A t all events, throughout the northern part o f New
[ V o l . LXVI.
South Wale3 there have been favorable rains, though the
Southwest and South are still suffering from the drought.
President Kruger has been again re-elected President of
the Transvaal. It is asserted by many who profess to be in
the President’s confidence that he will now make consider
able concessions to the mining industry.
Owing to the political anxieties that have lasted so long,
there is extremely little business doing upon the Stock Ex
change. There is a certain amount o f speculation in Ameri
can securities, but to a very large extent it is professional.
There is scarcely any real investment, and indeed the
amount of business doing in all departments is exceedingly
small. Even in what are considered here the very best se
curities, investment is not as large as it usually is at this sea
son o f the year, while in the more speculative departments
there is scarcely anything doing. Practically there is noth
ing doing in the mining market, and there is very little in the
markets that are here called miscellaneous and industrial.
The same is true of the international market. Argentine se
curities are commanding some attention, but not a great deal.
On the other hand, the home trade continues wonderfully
good. Perhaps it never was more active than it is at pres
ent. One o f tbe largest o f our banks, which has over 100
branches in different parts o f England, chiefly in the great
manufacturing and mining districts o f Northern and Midland
England, states that never before has there been a better de
mand for money. And the same intelligence comes from the
larger bankers in Scotland.
The Board of Trade returns, however, for January are not
more than moderately satisfactory. The value of the exports
of British and Irish produce and manufactures for the month
was £19,231,404, a decrease o f £554,832, or a little over 2% per
cent. The value o f the imports was £39,916,491, an increase
o f £140,823, equal to 0*3 per cent. The falling off in the ex
ports is, to a considerable extent, due to a decline in prices.
But beyond that there is a falling off in the exports to both
the United States and to India.
As regards the imports, the chief feature is a decrease in
the raw materials for manufactures, which, however, is prob
ably due to the discouragement that existed a few months
ago, owing partly to the engineering strike and partly to the
falling off in American and Indian orders. During the last
month or six weeks there has been a decided recovery in the
cotton trade, and the woolen trade is also much more hope
ful.
The collection of the revenue is going on upon the usual
very large scale at this time o f the year. Money in immense
amounts is being transferred from the other banks to the
Bank of England. In consequence the Bank has control of
the outside market and is doing a large business in loans.
This situation will probably continue until about the middle
of March. There is a fair demand for gold in the open mar.
ket, but there is no fear now of withdrawals from the Bank.
If it be true that the crisis in the Far East is over and that
the British and Russian governments have come to an under
standing with regard to Turkey, then it is likely that the Rus
sian demand for gold will fall off. And if a settlement of
the West African question is also arrived at probably the re
vival o f confidence will, for a while, bring about very con
siderable ease all over Europe. A t all events it appears that
China is not going to borrow at present, and it is inferred
that she will not have to pay any further indemnity to Japan.
In that case Japan will not be able to take gold unless, of
course, she borrows much more largely in London. And
there is no inclination at present to send gold into the Bank
of England to the credit of the Indian Government.
Meanwhile the stringency in the Indian money market is
as great as ever, and is likely, indeed, to grow even greater,
as the rice shipments from Burmah are now assuming very
large proportions. The India Council on Wednesday offered
for tender, as usual, 40 lacs of rupees in bills and telegraphic
transfers. It sold rather more than 103^ lacs in bills at from
Is. 3 13-16d. to Is. 3 27-32 per rupee, and about 2?% lacs in
telegraphic transfers at from Is. 3 15-16d to Is. 3 31-32d. per
rupee, making altogether rather more than 37^ lacs. Appar
ently, therefore, the Council for the present is unwilling to
take a lower price than Is. 3 13-16d. per rupee, for the total
amount applied for was 72 lacs. In other words, the Council,
while' offered 72 lacs, sold only about 373£ lacs, evidently be
cause it was unwilling to take a lower price than Is. 3 13-16d.
per rupee.
The follow ing return shows the position o f the Bank of
England, the Bank rate o f discount, the price o f consols
&o., compared with the last three years:
THE CHRONICLE.
F e b r u a r y 26, 16 8. J
Circulation
........................
Public deposits.......................
Other deposits.................. .
Government securities..........
Other securities .........
Reserve of notes and ooin....
Coin A bullion, both depart’ts.
Prop.reserve to Uabllitles.p.o.
Bank rate ........... .per eent.
Consols, 2% per e e n t...........
Silver............................. .
Clearing-House returns.........
1897.
1RS8.
1896.
1815.
Feb. 10.
Feb. 12.
Feb. 9.
Feb. 13.
£
£
£
£
26,600,235 35,641,360 24,968,610 24,725,820
15,447,084 13,175.053 13,843,563
7,939.071
35,961,137 40,699,405 49,007.702 33,167,524
13,999,565 14,767,630 14,569,328
12,478,488
82,329,262 28,456.015 26,449,522 17,651,791
23,215,676 28,859,433 39,941,895 29,118,035
33,015,911 37,703,793 48,110,405
37,043,855
53 7-16
45 1-16
63«
70)4
3
3
2
2
112 9-16
108 7-16
11294
104)4
1
29 ll-16 d
26 l-16d.
27 5-16d
137,204,000 129,209,000 123,474,009 114,962,000
The Bank rate o f discount and open market rates at the
chief Continental cities have been as follow s:
B ates o f
Interest at
Feb. 4
Feb. 11.
Bank
B ate.
Oven
tlarket
Bank
B ate
2
194
294
294
2
4
4
4
»
Paris.................
Berlin...............
Hamburg . . . .
B’ra n k fort........
A m sterdam ....
Brussels..........
V ien na...........
St. Petersburg.
M adrid.............
C op en h a gen ...
4
2 15-16
3
3
4
5)4
5
294
2
394
5
4
4
Jan. 28.
Oven Bank
Market B a te.
1 15-16
294
294
3
294
2
3)4
3
4
5
4
4
6)4
5
4
2
Bank
Oven
Market B a te.
2
294
3
3)4
294
2
3)4
4
4
3
3
4
5)4
5
4
Jan. 21.
5
4
4
Oven
Market
2
2
4
4
4
8
8
4
6
5
4
3)4
3%
394
294
2
3)4
5
4
4
Messrs. Pixley & Abell write as follows under date of
Feb. 10:
Gold.—The market continues to he cleared by Continental demands,
and there is little change to notice in price. There are no movements
at the Bank to notice. Arrivals: Capetown, £180,000; New Zealand
£28,000; Australia, £148 000; China, £12,000; Bombay, £71,000.
Total. £439,000. Shipments to Bombay, £5,000.
Silver.—A slight rise, caused by demand for spot silver, did not last,
and with a dull and inactive market the price has gradually fallen to
2 6 ‘ ied. There is little offering to-day, but the market for forward sil
ver is rather weaker. The Bombay price to-day is Rs. 67% per 100
Tolahs. Arrivals: New York, £80,000; New Zealand, £3,000; Chili.
£31,000. Total, £114,000. Shipments; Hong Kong, Feb. 5, £5,000:
Bombay, Feb. 5, £37,500.
’
Mexican Dollars. —A few of these coin have changed hands during
the week at 26d., but the market is a dull one. Shipments to the
Straits, £7,100.
The follow ing shows the imports o f oereal produce into
the United Kingdom during the first twenty-three weeks of
the new season compared with previous seasons:
IMPORTS.
1897-8.
Imports o f wheat, owt.27,934,110
Barley......................... 10,330,594
O ats............................ 6,473,060
P ea s............................ 1,286,820
Beans.......................... 1,469,100
Indian corn.................20,331,560
F lo u r.......................... 9,166,580
1896-7.
31,766,010
13,303,750
9,203,710
1,807,718
1,454,910
27,164,400
10,390,450
1895-6.
1894-5
30,108,460 30,515,366
12,700,690 15,167,544
6,390,940 7,159,537
1,453,100 1,247,489
1,852,610 2,132,872
19,429,580 11,4^9,014
9,523,650 8,964,600
Supplies available for consumption (exclusive o f stocks or
September 1):
„
_ f
1897-8.
1896-7.
W heatimported.owt.27,934,110 31,766,010
Imports of flour..... 9,166,580 10,390,450
Sales o f home-grown. 13,301,451 12,659,819
1895-6.
1894-5
30,108,460 30,515,366
9,523,650 8,064,600
7,191,180 9,935,829
T o ta l...................50,402,141 51,816,279 46,823,290 49,415,795
.
i
^
1897-8.
1896-7.
1895-6.
1894-5.
Aver.price wheat,week.34s. lOd.
30s. 7d.
26s. 4d.
20s. 6d.
Average prioe, season..33s. 9d.
29s. 5d.
24s. l i d .
19s. 9d.
The following shows the quantities o f wheat, flour and
maize afloat to the United Kingdom :
.
This week. Last week.
Wheat....... .... qrs........2,465,000 2,430,000
Flour, equal to qrs....... 490,000
535 000
...............qrs........ 730,00',
665,000
f
1897.
2,410,000
395.000
860.000
1896.
2,201,000
368,010
803,000
fin g H s li F i n a n c i a l M a r k e t s —P e r C a b le .
The daily closing quotations for securities, etc., at London
London.
Sat.
Silver, per ounce.......d. 2513, „
Consols., new, 2% p.cts. 1126,0
For a ccou n t............... i lZ ',6
Fr’ch rentes (in Paris) fr.
Atoh. Top. & Santa Fe. 1258
Do
do
pref. 30%
Canadian Paoiflo.......... 85%
Chesapeake A O hio..... 22%
Ohio. Milw. «te St. Paul. 97 *8
Denv. A Rio Gr., pref.. Ölig
Erie, com m on. . . . . . . . . . 1478
1st preferred. . . . . .
41
Illinois Central............. 106
Lake Shore..........
196
Louisville & Nashville. 59
Mexican Central, 4s .. b8%
Mo. Kan. & Tex., com.
13
N. Y. Cent’l & Hudson. 119
N- Y. Ontario A West’n 17%
Norfolk A West’n, pref. 52%
Northern Paoiflo, com.. 25%
Preferred.................... 66
Pennsylvania............... 60
Phila. A Read., per sh.. 1058
Phil. A Read., 1st pref. 25^8
Phil. A Read., 2d pref. 131s,
Sonth’ n Railway, com . _9%
Preferred................. . 31%
Union Paoiflo____ . . .
33
Do
new pref.. 607a
Wabash, preferred
Mon.
Tues.
25%
25%
112n le
112%
03-72%
12%
liZ 'ifl
103-75
12%
3038
84
22%
97
50%
14%
40%
106
106
57%
67%
12%
119%
16%
51%
24%
65
59%
10%
25%
13%
9%
31
32%
61
18%
Wed.
Thurs.
Fri.
25%
2 5 ll16 25%
112U i 6 11211,6 11213, e
112% 112% 1127818
03-77% 103-70 03-62%
12%
12
12
30
28%
27%
85
84%
83%
84%
............ 22%
21%
21
97%
96%
95%
96
49%
49
48%
14%
14%
14%
14%
41
40%
39%
39%
105% 105% 105
105%
196
196
58%
57%
56%
56%
67 %
67%
67%
67%
13
12%
12
iÏ8
118
115
116%
17
16
51%
49%
48%
24%
22%
21%
65
63%
62%
5978
6Ó
59
59
10%
10%
10
9%
24%
23%
22%
12%
12%
11%
9%
»
9%
31
29%
28%
32%
29%
29%
58%
56%
55%
18
17%
16%
400
(ffummercial uud ptlscgllam mtgjjtettr
N a t io n a l B a n k s . —The follow ing information regarding'
national banks is from the Treasury Department:
XN LIQUIDATION
3,500.—The American Exchange National Bank o f Chicago, Illinois.
has gone into voluntary liquidation by resolution of its stooko,
holders dated Jan. 25,1898, to take effect Feb. 11,1898.
3,748.—The Citizens’ National Bank of Concordia, Kansas, has gone
into voluntary liquidation by resolution of its stockholders
dated Jan. 25,1898, to take effect Feb. 1, 1898.
3,860.—The First National Bank of Grand Junction, Colorado, has
gone into voluntary liquidation by resolution of its stock
holders dated Oct. 30, 1897.
4,835.—The Alexandria National Bank, Alexandria, Indiana, has gons
into voluntary liquidation by resolution of its stockholders
o
dated January 11,1898, to take effeot January 22,1898.
2,596.—The State National Bank of Logansport, Indiana, has gone
into voluntary liquidation by resolution of its stockholders
dated January 11,1898.
I m po rt s a n d E x p o r t s f o r t h e W e e k .— The following ax«
the imports at New York for the week ending for dry goods
February 17 and for the week ending for general merchandise
February 18 also totals since the beginning of the first week
In January.
FOREIGN IMPORTS AT NEW YORK.
For week.
1898.
dry goods.......
len’l mer’dlse
1897.
$1,983,570
4,728,486
1896.
$2,738,904
6,682,219
1895
$2,811,138
5,993,310
$4.569,178
7,089,785
T o ta l........
$6,712,056
$9,421,123
$8,804,448 $11,658,96$
Since Jan. 1.
iry goods....... $16,785,732 $17,603,647 $22,334,306 $24,985,60$
len ’l mer’dlse
41,604,957
47,808,732
46,736,406
43,604,86$
total 7 weeks.. $58.390,639 $65,412,379 $69,070,712 $63,589,976
specie) from the port o f New York to foreign ports for tha
week ending February 21 and from January l to date :
EXPORTS PROM NEW YORK POR THE WEES.
1898.
For the week..
Prev. reported
1897.
$8,344,180
53,835,565
1896.
$8,030,334
46,652,421
Tetal 7 weeks.. ¡$62,179.745 $54,68?,755
1895.
$8,100,353
46,322,182
$5,826,372
41,343,967
$54,422,535 $47,170.339
Of
-pecie at th9 port of New York for the week ending Febru
ary 19 and since January 1, 1898, and for the corresponding
periods in 1897 and 1896.
, &
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
Exports.
Gold
Week.
Great Britain.........
France..*................ .
Germany.................
West In d ies............
M exico....................
South America......
Ail other countries.
Imports.
Since Jan. 1.
Week.
$200
$57,000
3,344,805
$57,000 $3,361,475
71,545
331,376
8,250 11,880,985
Exports.
Silver.
Week.
17,197
4,431
19,817
512
$806,192 $5,879.838
286,000
Total 1898.
Total 1897.
Total 1896.
$820,351 $6,341,035
1,052,210
5,848,144
1,099,045
7,196,926
14,159
$102,752 $3,937,838
11,596
297,595
3,699,927 16,286,207
Imports.
Since J an .l.
Great Britain..........
France.....................
G erm any................
West Indies........
M exico....................
South America.......
All other countries.
$553,399
3,050,167
180
106,595
20,337
133,915
73,245
$60,795
16,470
Total 1898........
Total 1897........
♦Total 1896........
Since J a n .l.
116,988
14,159
44,050
Week.
Since Jan. 1.
$548
22,081
$1,443
120
63,208
53,141
175,906
175,706
14,165
$85,5611
20,769
44,1851
$441,667
316,327
322,101
20,910
Of the above imports for the week in 1898 $9,390 were
American gold coin and $566 American silver coin.
B r e a d s tu ff's
F ig u r e s B r o u g h t F r o m
P a g e 4 3 4 .— Th^
statements below are prepared by us from the figures of the
New York Produce Exohange. The receipts at Western lake
and river ports for the week ending Feb. 19, and since Aug.
1. f o r ftii.on or rnia loaf
Receipts at—
u . —~ 1------- -----.
. o
Flour.
Wheat.
Corn.
Oats.
Barley.
Bbls.lddlbs Bush.60 lbs Bush.òdlbs Bush.S2lbs
Chicago........
100,166
295,801 3,328,344
2,123,600
298,307
Milwaukee
107,110
194,350
135,200
228,000
255,200
D u lu th ........
255,534
156,433
341,862
10,465
Minneapolis0.06S 1,334,580
103,630
238,050
T o le d o .;.......
738
80,005
334,151
51,561
D e tro it........
6,900
46,043
66,533
38,002
35,482
C levelan d...
40,900
423,786
126,520
St. L o u is . ..
28,260
92,254
650,705
220,800
48,000
P e o ria ..........
9,950
9,000
437,400
222,000
53,900
Kansas City.
310,500
265,500
09,000
Tot.w k.’98.
259,782 2,658,967 5,909,737
3,605,995
701,404
211,145
Same wk.’97.
J25,3«c
1,443,709 4,254,429 4,237,802 1,019,685
116,077
Same wk.’96.
134.226
1 971,594 2,334,649 1,988,512
738,883
50,606
Since Aug. 1.
1897-98..........
6,425,298 160.104,942 340.270,072 115,993,245 27.092,864
7,852,87»
1896-97..........
7,221,301 119,613,909 99,972,113 lit’,929,873 30,634,504
6.583,967
1895-90..........
7,054.660 160.54 6.S60 73,024.113 06,230.058
29.077,613 2.6'8.916
410
CHRONLCLK
ÌT R E
The receipts o f flour and grain at the seaboard ports for the
week ended Feb. li
Mobile.......... ......
G alveston................
C h a rleston .............
Portland. M e ..........
St. John, N. B ..........
Rye,
bw h.
65,325
1,575
7.S85
Corn,
Oats, ■ Barley.
Wheat,
bush. 1 bush.
bush.
bush.
725,460
226.625
555,ß00
56,575
440.034
367,200
176.532
2,225
660
19.790
105,970
5,600
451,845
61,195 1.112,431
579,833
598.035 1.115.168
84,920
15,314
11,380
733,750
125,145
74,150
486.000
142,220
102,927
136,572
162,600
6,300
94,050
60.060
27,995
117.009
42.500
87.994
60,455
137,556
F low ,
bhls.
Receipts at—
New Y ork .................. 140,688
Boston................ 87,098
6,963
M on tréa l..................
Philadelphia........ 62,113
75,402
B altim ore................
4,156
R ichm ond................
11,479
New Orleans*..........
N ewport News........
N orfolk.....................
286
7,095
19,767
177,080
83,000
"4,000
“ 8,'li7
296,502
Total w eek........ 493,277 1,443,155 5,142,922 2,164,043 91,395
88,581
W eek 189 7 .!:......... . 324,798
696,888 6,843,969 1,342,357
268,750
* Receipts do not include grain passing through New Orleans to r foreign
ports on through bills o f lading.
[V o l . L X y iJ
M iscellaneous Bonds :
Jeff. & Clear. C. * 1 . 1st g .5 s
Oh. J on . & S. Yds.—C ol.t.g.,5s
2d g. 6s ................................
OoloradoC. & 1 .1st cona. 6a,g.
98 b.
81 a. Manhat. Beach H . & L. g. 4s.
Colorado F nel & I .—Gen. 5s.
M etropol. T el. & Tel. 1st 5 s..
Columbus Gas—1st, g., 6 s___
M ich.-Pbuin. Car 1st 5 s . . . . . .
Commercial Cable—1st g. 4s.
Cons.Gas Co.,Ohio.—1at gu.5s 105 a. Mutual U nion T eleg.—6s, g —
N at. Starch M fg. 1st 6 s......... 106 b.
De Bardelehén C. & I .—g. da.
93 b. N . Y. & N. J . Telep. gen. 5 s ..
Det. Gas con. 1st 5 ...................
Edison Eleo. 111. Co.—1st 5s.. 112 b. P eople’ s Gas & C. i 1st g. 6s.
Co., C hicago....... i 2d g. 6s.
D o o f B klyn., 1st 53— .........
E qnit. G.-L., N . Y .,cons.g. 5s.
*120 a.
Sem et-Solvay—Debent’ e 5s.. 103 b
E quitable G. & F.—1st 6s___
Erie Teleg, & Telep. 5 s, g __ * 9714b. sou th Yuba W ater—c o n . 6s.
Galveston W h a rf Co.—1st 5s. 100 b. Standard R op e & T .—In o. 6s.
10’ab
Sunday Creek Coal 1st g. 6s.
H enderson B ridge—1st g. 6s. .........
W estern U nion Teleg.—7 s ... ♦1Ö5*V
W estern Gas coll. tr. 5s......... *103 >ab
N on-conv. deb. 5 s . . . . . . . ___
N oth .—“ 6” in d ioates p rioe bid: ** a '•p rice asked * L a test p rice th is w e e k .
.....
1898.
2,718,206
2,891,643
29,519,633
6,942,106
1,170,941
697,470
1,939,930
11,881,665
4,781,404
760,644
104,197
2,243,130
8,076.658
3,448,022
526,256
62,149
41,221,792
18,967,840
9,345,214
W h ea t................ .. .bush. 9,563,379
«
28,281,663
C o m ................... Ì
“
15,344,576
Oats ...................
968,334
Barley.................. . «
«
2,157,049
R ye...................... T otal grain.. ..
*•
56,315,891
1895.
1,768,845
1896.
2,144,124
1897.
2,100,478
The exports from the several seaboard ports for t he week
ending Feb. 19, 1898, are shown in the annexed statement:
tills.
106,250
21,689
7.096
53,815
91,329
1,267
R ye,
Oats,
bush.
bush.
472,762 185,406
261,063
" è ! 137
. 87,994
827,607 128.996
318,676 119,571
41,827
j ...........
486,000
164,000 458,678
Galveston..
Charleston
136,572
M obile........ ..............
1. 60,455 ...........
129,000
Ì42,2i. Ò
**” 280
4,286
19,767
¿37,556
Total w’k ....1.881.582 4.861,932
Same tim e ’97.. 855,369 6,654,378
434.784 2.289.685
269,817 395,224
W heat,
Exports from — bush.
New Sork . . .. 235,740
63,676
Boston............
Portland . . . . 117,009
Philadelphia.. 89,255
Baltimore...... 347.127
New Orleans.. 304,320
Corn,
bush.
547,421
300,213
42,600
866,664
972,095
898,862
Hour,
Peas
bush.
15,309
Barle v
bush.
98,351
42,738
27.9E5
83,000
01,519
575,110
238,222
119.556
12,493
126,346
151,601
The destination of these exports for the week and since
September 1,1897, is as below.
-W heat.-------- > ---------- Oo rn.------- —N
,----------H o w .----------<
Week
Since Sept.
Week Since Sept.
Exports for
Week Since Sept,
Feb. 19.
1.1897.
Feb. 19. 1, 1897.
week and since Feb. 19.
1,1897.
bush.
Sept. 1 to—
bbls.
bbls.
706,412
United Kingdom 345,252 5,496.244
610,080
24,627
676,787
Continent...........
2,400
S Sc. A m erica.. 12 985
632,548
W est Indies.......
22,251
653,119
Brit. N. A . Col’s.
6,104
139,061
Other countries.. 23,665
145,220
T o t a l ............... ” 434.784 " 7.542,929 1.381,582 68,904,188 4,861,932 86.851,372
T otal 1896-7........ 269,817 6.224,017
855,369 32.888,614 6,654,378 80,714,531
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Feb. 19,1898, was as follows:
Wheat,
bush.
i r jn »tore at—
1,999,000
New Y ork ..........
Do afloat.............................
A lb a n y ........ ............... . . . . . . . .
B uffalo........................ 1,034.000
Do afloat......... . 440,000
C h loag o...................... 9,376.000
Do a floa t........... 1,521,000
M ilw aukee.................. 130,000
Do a flo a t............................
D u lu th.......... .............. 2,544,000
Do
a flo a t..........................
T oled o.........................
264,000
Do a floa t.. . . . . .
........
D e t r o it ........................ 121,000
D o afloat.............................
OlW6i7Ci ■••••••«•••«••• ••••••••
Bt L ou l»..................... 1.636,000
D o afloat...........
169,000
Cincinnati...................
7,000
B oston.........................
328,000
T oronto.......................
42,000
M ontreal.....................
96,000
Philadelphia............... 681,000
Indianapolis...............
40,000
Kansas City................
929,000
B altim ore.................. 1,254,000
Minneapolis............... 12,969.000
On Mississippi R iver.
62,000
On Lakes......................................
On canal and r iv e r ...
............
Total Feb. 19,1898
Total Feb. 12,1898
T otal Feb. 20,1897
Total Feb. 22,1896
Total Feb 23.1895
Corn,
bush
2,661,000
90,000
1.365.000
16,077,000
6.666.000
123.000
1.099.000
2.331.000
City R ailroad S ecurities.—Brokers’ Quotations.
America....... 350
17,000
164.000
80,000
388.000
14.000
748.000
579.000
’ i'i.b’òò
11,000
60,000
972.000
*1*8,000
*26,000
46.0GC
*’ 3,00*0
1,000
16,000
235.000
141.000
29,000
3.634.000
8.948.000
3.877.000
1.541.000
340 OUO
2,314,000
*56,000
1.024.000
810.000
129.000
052.000
590.000
1.242.000
1,000
BANKS.
Leather Mf s’
iso
205 2ÏÔ*
127
...... ......
Lincoln........
¿60*
187
6,000
6,000
3,409,000
105,000
850
300
601*000
1,218,000
*23,000
Hnd. River..
Im.&Trad’rs
....
.....
93.000
26.000
311,000
Central........ 1*00
400
Chatham...... 290 295
......
'50.000
84.000
796.000
131.000
46.000
** 4,000
325
—
214,000
2.167.000
Barley
bush.
* 52.000
189.000
18,000
German Am.
German Ex.*
Germania—
Greenwich...
Hanover......
City.— t......
Columbia—
Commerce...
Continental.
Com Exoh...
East River..
llt h Ward..
Fifth Ave.—
Fifth*..;......
First............
FirstN., S. I.
14th Street..
Fourth.........
Gallatin.....
Qansevoort*.
110.000
86.000
30.000
41.000
387.000
2,788,000
16.000
85,432,000
35,634,000
45.215,000
65,010,000
79,476.00»
Bid. Ask.
Astor Place* 225
Bowery*...... 300
100.000
1.371.000
232.000
1,000
20,000
47,000
2,668.00„
3,396,009
2,130,00”
1,522,00”
* Not Listed.
Bid. Ask.
BANKS.
Bid. Ask.
N.Y.Nat.Ex
Ninth..........
19th Ward—
N. America. 135
Oriental......
Pacific.......
750
112
250
325
165
390
525
Ask.
B id.
Atlan. A ve., B ’k lyn—
Con. 5s, g., 1 9 3 1 ..A & O
Im pt. 5s, g., 1934. J& J
Bl’eck. S t.& F u l F .—Stk.
1st m ort., 7s, 1900. J& J
B’.way & 7th A v e .—S tock
lstm o rt.,5 s , 1904. J& D
2d m ort., 5s, 191 4 .J& J
B ’ way lst,5 s,gu a r.l9 2 4
2d 5s, int. as ren t’l..\905
Consol. 5s, 1943—J& D
Met. S t.R y.,gen . 5s, ’ 97
B rooklyn C ity —S to ck —.
Consol. 5s, 1941—J& J
B klyn.C rosst’n 5S.1908
B kl’nQ ’ns C o .& S u b.lst
5s, 1939............................
B rooklyn B apid T ransit.
5s, 1945................. A & O
Central C rosstown—Stk.
1st M., 6s, 1 9 2 2 ..M & N
Cen. P k.N .& E .R iv .—Stk
Consol. 7s, 1 90 2 ...J& D
C olum bus & 9th A v e . 5s.
Ohrist’p’r& 10th St.—Stk
1st m ort., 1 8 9 8 ...A & O
Bid. A sk.
D. D. E . B. & B at’y—Stk.
1st, gold, 5s, 193"2. J& D
5104 107
S c r i p .............................. .
90
85
33
E ig h th A v e n u e —S to ck ..
31
Scrip, 6s, 1914..............
106 108
42d & Gr. St. F or.—Stock
206 212
42d St. Man. & St. N. A v.
106 110
1st m ort. 6s, 1910.M &S
5111 11 2 Ja
2d m ort. incom e 6s . J & J
5117 118
K ings Co. T rac.—S to c k ..
5IO6 107
120 121
L ex. A ve.& P a v.F e rry 5s
11 1 I l l ’s M etropolitan St. B y.-S tk
205 207
N assau E le c, 5s, 1 9 4 4 ...
N .Y .& Q ueen sC o.5s,1946
115 117
S te in w a y lst 6s.’ 22 J & J
106 108
N inth A ven u e—S to c k ...
105 ^ 108
160
113 116
1st m ort.,5s,1909.M & N
DebentureSs, 1909.J &J
39
9 3 ^ Sixth A v e n u e —S tock___
93
__ J T h ird A ven u e—S to c k . . .
230
5122
1st m ort.,5s, 1937..J& J
28th& 29th St. 1st 5s,1996
173 177
T w en ty-T hird St.—Stock
115
113
Deb. 5s, 1903...................
120
160 165
102 104
1st 5s, 194 2 ....................
W estohest’r, 1st, gn.,5s
65
115
5100ia
325
105
325
65
116
90
48
120
138 *a
102
74
117
1011 *
107
340
67
118
91
50
104
115 117
180 200
158
108 >a 110
106
195 21 Ö
186 188
122 is 123ia
108 >a 112
300
103
175
5115 116
5108
$ A nd accrued Interest.
Gas Securities.—Brokers’ Quotations.
G A S C O M P A N IE S .
B ’k lyn U nion Gas—Stock.
B o n d s ...................... .........
Central..................................
Consum ers’ (Jersey C ity).
B o n d s ............ —................
Jersey City & H o b o k e n ...
M etropolitan —B onds........
M utual (N. Y . ) ................N. Y. & E ast R iv . 1st 5s..
Consol. 5 s . . . . . . ................
N ew A m s te rd a m ..... . . . . .
P re fe rre d ....... ...............
Bid.
A sk.
G A S C O M P A N IE S .
Bid. A sk
110
People’ s (J ersey C it y ).... 160
1141*
104
205
105
75
80
E q u ita b le ............ ............ 215
102 >a 104 ,
Bonds, 6 s, 1899 _______ 103
185 195
St. P a u l___ . . . . . . . ............ 38
ÜHH
105
B onds, 5s. — ................... 75
316 325
Standard p r e f...................... 155
112 113
Com m on........................ . 135
107 109
w e ste rn G as......................
831»
29
31
B onds, 5s........................... 103
65
67ia
170
225
105
41
80
160
140
84
104
New York City, Boston and P h ilad elp h ia Banks.—Below
we furnish a summary of the weekly returns of the Clearing
House banks of New Y ork City, Boston and Philadelphia.
10,000 The New York figures do not include results for the non
483.000 member banks, which will be found separately reported on
645.000 the third page following.
Rye.
bush,
721.000
25.000
488.000
Bank Stock L ist—Latest prices.
BANKS.
Oats
bush
3.233,000
245.000
70,000
.
......
Total receipts at ports from Jan. 1 to Feb. 19 oompare as
follows for four years:
Receipts of—
H o u r ................... ,...b b ls ,
M iscellaneous Bonds.
M iscellaneous Bonds.
People’s......
Phenix......
Plaza*.........
Prod.Ex,*... 115
Republic__ 150
Seaboard—.. 174
_
230
240 Seventh.... 108 120
188 Shoe * Le’th »2 >a
110 >s Stateof N.Y.
:::::: Tradesm’n’s. i i o
.....
12th,Ward*.
2*3*0*
....... ........ Union Sq.*„ 180
Yorkvllle*... 175
245
140 Ì6Ó**
800 ........ West Side... 275
Capita; a
BANKS.
Surplus.
Loans.
$
133.293.9
133.293.9
133.293.9
133.293.9
$
025.865.7
633.859.8
639,836,4
646,915,2
Legals. Deposits.+ Oircl’n Clearings.
Specie.
S
$
$
$
9
1130928 103.137.7 722,484,2 14.468.7 825,018,1
1140882 104,150,3 733.827.6 14,392,4 982,210,9
1149677 102.140.8 738,683,8 13.914.7 725.199.6
1168338 93,494,8 738.660.6 13,778,1 996.600.6
03,393,8 180,801,0 11.913.0
68.587.6 181.695.0 11.683.0
68.687.6 180.776.0 11.616.0
35.388.0 115.820.0
35.388.0 115.834.0
35.388.0 118.771.0
7.806.0 186.884.0
8.574.0 189.867.0
9.208.0 189.895.0
43.120.0
43.283.0
43.199.0
130.823.0
131.501.0
133.105.0
5.293.0 107,032,2
5.248.0 110,334,9
5.260.0 111,044,4
5.888.0
5.840.0
5 734.0
70,728,5
55,742,8
81.480,2
A uction Sales.— Among other securities the follow ing, not
regularly dealt in at the Board, were recently sold at auction
By Messrs. Adrian H. Muller & Son :
Shares.
8 Nat. Bank of Commerce.206
10 Bank o f N. Y., N. B. A ...236*4
15 Home Ins. Co.................. 201
100 Leavy& Britt’n Brew.Co. 110
10 Beal Estate Exchange &
Auct. Boom, Lim ited... 76
10 Lawyers’ Title Ins. Co. ..159
2 Lawyers’ Mort. Ins. Co.. 102
10 Fifth Ave. Trust Co.----- 375
100 42d St Manh. & St. Nich.
Ave. BB.......................... 64
10 Brooklyn Academy of
Music (no ticket)..........IO6I4
Shares.
123 Manhattan Co. Bank___22514
Bonds.
$1,974,000 Utah &1
North. By. 1st 7s.. I mq 71 a aaa
$1.600,000 Col. Cent, f it’d ,/lu ’uuu
BB. Co. oonv. 7s... j
£200 Ducktown Sulph’r Cop
per & Iron Co. Lim. deh. 5s,
July, 1895, coupons o n __ $305
$6,000 West Lynchb’rg Land
Co. mort, bonds, July, 1894,
coupons on............................ 5
gfatt&tttö atul ffinaticiaX
Spencer Trask & Co.,
BANKERS
2 1 & 2 9 P IN E S T R E E T , .
.
.
.
NEW YORK.
6 5 State Street, Albany.
Market* Ful 225
Mechanics’ ..
M’chs’ &Trs’ 100
MercantileMerchant.’ .. ::::
Merch’t. Ex.
George B ar clay M o ffat.
Mi. Morris..
Nassau.......
N. Ama’dam.
New York...
N.. Y. Co’nty
N o. 1 N ASSAU S T R E E T ,
_________ IN VESTM EN T SECURITIES.__________
A l e x a n d e r M. W h it e , J
M o f f a t
& W
BANKERS,
.
.
h i t e
.
,
NEW YORK.
INVESTM ENT SECURITIES
^ B an k ers'
count, selling 1-16 premium; New Orleans, bank, par,
commercial $1 00 discount; Chicago, 50c. per $1,000 dis
count; St. Louis, 25c.@15c. discount.
© a le tt e .
DIVIDENDS.
When
Per
Cent. Payable.
Name of Company.
R a i l r o a d s (S te a m .)
Boston & Albany — . . . (quar.)
Delaware & Hudson Can. (quar.)
m is c e lla n e o u s .
U. 8. Leather pref. (qnar.)..........
B ooks closed.
(Days inclusive.)
2
1%
Mar. 31 Mar. 6 to Mar. 31
Mar. 15 Feb. 24 to Mar. 15
1%
April
1 Mar. 16 to Apr.
The Money Market and Financial Situation.—The Cuban
situation has overshadowed all other influences in its effect
upon business in Wall Street this week. There has been no
official information given out which would warrant a change
in public sentiment, but the feeling seemed to gain ground
that the disaster to the Maine did not occur without an out
side agency, and a report on the investigation now being
made in Havana harbor is looked for with deep interest.
The uncertainty of the present situation has resulted in a
decline of prices, and weakly-margined stocks have been dis
lodged in considerable amount. The bear element has taken
advantage of the opportunity, and it is reported that the
short interest has considerably increased within a few days.
Conservative capitalists and investors are apparently undis
turbed. Sales of high-grade railway bonds have been on a
smaller scale than usual. The better class of stocks, so far
as they have changed ownership, have passed into stronger
hands. Moreover, there has been some buying for foreign
account on the low quotations of the week. The foreign ex
change market is easy and lower. The money market is firmer,
* partly on account of the stock market conditions.
The open market rates for call loans on the Stook Exohange during the week on stook and bond collaterals have
ranged from 1% to 4 per cent. To-day’s rates on call were
2 to 3 per cent. Prime commercial paper is quoted at
%% to 4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £543,351 and the percentage
o f reserve to liabilities was 44-10, against 45*17 last week; the
discount rate remains unchanged at 3 per cent. The Bank
of France shows an increase of 1,925,000 francs in gold and
4,825,000 francs in silver.
The New York City Clearing-House banks in their state
ment of February 19 showed a decrease in the reserve held
o f $6,779,400 and a surplus over the required reserve of
$25,688,450, against $32,437,050 the previous week.
1898.
Feb. 19.
Diffe ren’ sfr'm
Prev. week.
1897.
Feb. 20.
1896.
Feb. 21.
$
59,022,700
74,271,200
646,915,200
13,778,100
738.560.600
116,833,800
93,494,800
210.328.600
184,640,150
$
$
59,772,700
74,888,100
498.747.600
16,613,400
572.670.600
82,817,000
116.016.600
198,833,600
143,167,650
61,122,700
73,017,100
457,795,800
13,386,400
489,732,600
63,920,900
87,139,300
151,060,200
122,433,150
In c.7,078,800
Deo. 136,600
Deo. 123,200
Ino.1,866,100
Dec.8,6l5,500
Deo.6,779,400
Deo.
30,800
Surplus reserve 25,688,450 Deo.6,743,600
55,665,950 28,627,050
The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be found on
the second page following.
F oreign Exchange.—There is little change to note in“the
market for foreign exchange. It was firm during the early
part of the week, growing easier towards the close on a more
liberal supply of bankers’ bills.
To-day’s aotual rates of exchange were as follows: Bann
ers’ sixty days’ sterling, 4 81J^@4 82; demand, 4 84@
4 8 4 ^ ; cables, 4 84^@ 4 84% ; prime commercial, sixty days,
4 81 @4 81%; documentary commercial, sixty days, 4 81@
4 81%; grain, 4 81%; cotton for payment, 4 81; cotton for
acceptance, 4 81%.
Posted rates of leading bankers follow :
February 25.
Sixty days.
Demand.
4 85%®4 86
Prime bankers’ sterling bills on London. 4 83®4 83%
4 81 ®4 81%
Documentary commercial......................... 4 81 ®4 81%
Paris bankers’ (francs)............................. 5 22716®5 22% 5 2178®5 21%
Amsterdam (guilders) bankers.................. 40 ®40%e 40%®40®i6
94%®9478
Frankfort or Bremen (reiohmarks) b’kers 94% ®94%
The following were the rates o f domestio exchange on
New York at the under-mentioned cities to-day: Savannah,
buying % discount, selling par; Charleston buying 1-16 dis-
United States Bonds.—Sales of Government bonds at the
Board include $67,500 4s, coup., 1925, at 124^ to 127^; $20,000
4s, reg., 1925, at 126^ to 127; $13,000 4s, coup., 1907, at 113 ;
$10,000 4s, reg., 1907, at l l l / £ , and $6,000 5s, coup., at 113^.
The following are the closing quotations :
Interest Feb.
Periods. 19.
1
W A L L S T R E E T , F R ID A Y , F E B . 2 5 , 1 S 9 8 -5 P . M.
Capital.................
Surplus................
Loans & diso’nts.
Circulation..........
Net deposits........
Specie..................
Legal tenders___
Reserve held.......
Legal reserve___
Ill
THE CHRONICLE.
F e b r u a r y 26, 18S8.J
Feb.
21.
Feb.
22.
2s,...................... reg. Q. -Mob. *100 *100
4s, 1 9 0 7 ............ reg. ($ .-Jan. *112% *112%
4s, 1907.......... coup. Q .- Jan. *114% *114%
4s, 19 2 5 ............ reg. (5.-F e b . *127% *127%
4s, 1925...........coup. <5. -F e b . *127% 127% ft
5s, 19 0 4 ............ reg. Q ,-F eb. *113% *113% 1 H
5s, 1904...........coup. <3.-F eb . *113% 113% O
H
6s, cur*oy,'9 9 ...reg. J. & J. *104 *104
4s, (Cher.) 1898.reg. March. *103% *103%
;
4s, (Cher.)1899.reg. March. *103% *103%
* This is the orioe bid at the morning board uo
Feb.
23.
Feb.
24.
* 99%
*112%
*114
127
*127%
*113%
*113%
*104
*103%
*103%
* 99%
*112
*113
126%
125%
*113
*113
*104
*103%
*103%
Feb.
25.
* 99%
1117&
113
*125%
124%
*112%
*112%
*104
*103%
*103%
sale was made.
United States Sab-Treasury,—The following table shows
the daily receipts and payments at the Sub-Treasury:
Balances.
Date.
Feb.
“
«
"
«
g
19
21
22
23
24
25
Total..
Receipts.
$
2,828,333
3,295,342
5,004,866
3,590,610
3,534,033
18,253,184
Payments.
Coin.
$
$
3,419,794 147,372,419
2,939,447 147,400,840
.HOLIDAY.
2,656,332 147,518,246
. 4,274,169 147,417,149
3,360,335 147,257,475
Coin Cert’s. Currency
$
$
1,448,202 41,914,482
1,391,097 42,299,061
1,379,073 44,542,213
1,339,623 43,999,201
1,476,258 44,195,938
16,650,077
Coins.—Following are the current quotations in gold fo r
coin s:
Sovereigns........$ 4 84 ®$4 88
Napoleons........... 3 84 ® 3 88
X X Reichmarks. 4 74 ® 4 78
25 Pesetas........... 4 78 ® 4 81
Span. Doubloons.15 50 ®15 60
Mex. Doubloons.15 50 ®15 60
Fine gold bars... par ®% prem.
Fine Silver bars.. — 55%® — 56%
Five francs.......... — 93 ® — 96
Mexican dollars.. — 45%® — 46%
Peruvian s o ls .... — 4 0 % ® — 42
English silver___ 4 82 ® 4 85
U. S. trade dollars — 65 ® — 75
State and Railroad Bonds.—Sales o f State bonds at the
Board include $38,000 Virginia fund, debt 2-3s of 1991 at 70%
to 71V4, $3,( 00 North Carolina 6s, 1919, at 128, and $1,010Tennessee settlement 3s at 90.
The railway bond
market reflects the uncertain feeling which exists
among investors as to the possibilities of the near fu
ture. There has been no unusual liquidation of this
class of securities as a whole, but prices have declined
an average of about 3 points for speculative issues, which
have been the active features of the market. The volume o f
business at the Exchange has been confined within a narrow
range, and averaged a little over $4,000,000 per day, par value,
until to-day, when the sales amounted to only $3,023,000.
The new Union Pacific 4s and Atchison adjustment 4s have
been conspicuous for activity, transactions in them aggre
gating a large amount. Special activity is also noted in
Atchison general 4s, Chesapeake & Ohio, Rock Island, Erie,
apolitan Street Railway, Missouri Kansas & Texas,
tiern Pacific, Oregon Improvement!, Oregon Short Line,
kjcvlx Antonio & Aransas Pass, Texas & Pacific, Union
Pacific, U. P. Denver & Gulf, Wabash and Wisconsin Cenal issues.
Railroad and Miscellaneous Stocks.—There was almost
no exception to the steadily downward m ovement of prices
in the stock market this week until to-day, when there
was a rally and the close was an average of about one
point higher than last night. Transactions at the Ex
change amounted to 734,100 shares on Thursday and averaged
576,780 per day. As might be expected under the circum
stances, the more speculative stocks have suffered the heaviest
decline, but the best class of investment issues, including
Pennsylvania, New Y ork Central, Lake Shore, Michigan
Central and Pullman Palace Car, lost from 3 to 8 points.
The active list, as a whole, shows a decline considerably in
excess of the average loss in the stocks mentioned.
The effect of recent developments upon the stock market
can be readily seen by reference to the following table, which
shows the highest prices since January 1st, the closing last
week and the closing to-day of some of ^the more active
stocks.
Clos. last
Highest.
Friday.
116%
119% *:
194
194% .,/!□
110%
11 478
126%
130%
95%
97%
100%
103%
94%
91%
32%
35%
104%
10878
""*117%
120%
49%
54%
69
64%
63%
59%
60%
f 8%
120%
114%
156
171%
132%
145
184
189%
Closing
to-day.
112%
192%
106
121%
92%
94%
85%
26%
101%
114%
43%
61
54%
54%
103
137
123%
179
412
THE CHRONICLE,
[V ol.
l x v i.
N E W Y O R K S T O C K E X C H A .N & E -4 C 7 Z Y P Æ S T O O K S f o r w eek en d in g F E B . 2 5 , a n d sin ce J A W . 1 , 1 8 9 8 .
HIGHEST AND LOWEST PRICES.
Saturday,
Feb. 19.
Monday,
Feb. 21.
Tuesday,
Feb. 22.
Wednesday, Thursday, i Friday,
Feb. 23.
Feb. 24.
Feb. 25.
STOCKS.
Sales of
Range for year 1898.
the
[On basts o f 100-share lota.]
Week.
Shares.
Lowest.
Highest
A c t iv e R K , S tock :».
10 % 11 % 11 % 11% Atchison Topeka & Santa Fe, 17,283 10% Feb.
13% Feb. 7
26
27% 27% 28%
Do
pref. 45,464 26 Feb.
32% Feb. 8
16
15% 16
4,270 12% Jan.
16% Baltimore & Ohio...................
19 Feb. 3
37
39% 36% 39% Brooklyn Rapid Transit........ 84,240 36% Jan.
43% Feb. 18
81% 82% 82% 82% Canadian P a c ific .................
4 ,3 .0 81% Feb.
90% Jan. 20
49% Canada Southern.......... ........ 12,568 46% Feb. 24 57% Feb. 5
46% 48% 48
89
93% 90% 92% Central of New Jersey............ 18,555 89 Feb. 24 98% Jan. 7
2 1 % 19% 20%
21
1978 20% Chesapeake & Ohio................. 33,670 19% Feb. 24 24% Feb. 1
963a 98% 91% 94% 93
94% Chicago Burlington & Quincy 153,848 91% Feb. 24 103% Feb. 11
56
*54
56
55 Chicago & Eastern Illinois...
200 55 J an. 8 60% Feb. 1
55
55
107 109
Do
pref.
190 102 Jan. 7 113% Feb. 1
107 110 §106% 106%!
10% 11% 9% 1 0 %
9 78 10% Chicago Great W estern........ 15.774
9% Feb. 2 J 16% Jan. 8
8%
8%
§7
7 Chic. Indianapolis & Louisv.
1,135
7
8
7 Feb. 24 10% Jan. 14
28
28% 27
Do
pref.
2,105 27 Feb. 24 33 Feb. 2
28% 27% 28
92% 94% 91% 92% 91 % 93 Chicago Milwaukee & St. Paul 196,62o 91% Feb. 24 97% Jan. 12
146 146% 145% 145% 145% 146
Do
pref.
1,920 142% Jan. * 3 149% Feb. 16
122% 124% 119% 122
120 122% Chicago & Northwestern
22,026 119% Jan. 4 130% Feb. 11
0.74 ........ §175 175
174 174
Do
pref.
475 163 Jan. 3 174 Feb. 19
85% Chicago Rock Island %Pacific 67,576 81% Feb. 24 94% Jan. 28
87
89% 81% 86% 84
67% 70 Chicago St. Paul Minn. & Om.
71% 73% 67
8,710 6 7 Feb. 24 79 Feb. 11
71
150 150
150 155
290 §148 Jan. 5 151% Jan. 22
148 155
Do
pref.
8
8
8% 9 Chicago Terminal Transi er..
4,020
7%
7%
4% Jan. 3 9% Feb. 3
3,044 22% Jan. 3 33 Feb. 5
27% 27% 28
28% 28% 29
Do
pref.
30% 33
30
31 Clev. Cincin. Chic. & St. Louis
29% 31
7,401 29% Feb. 24 38% Jan. 31
Do
pref.
80 Jan. 7 87 Feb. 1
x llO 110
109 109 Delaware & Hudson...............
2,148 108% Keb. 24 114% Feb. 3
108% 110
325 150% Jan. 21 15» Feb. 5
§152% 152% §150 150 DelawareLackawanna&West
50 12 Jan. 12 13 Jan. 12
Denver & Rio G rande___. . . .
47% 48
7,991 46 Jan. 3 52% Feb. 9
46% 47% 477e 48%
Do
pref.
14% 1438 14
4.590 13% Feb. 25 16% Feb. 4
14
1378 14% Erie.................................. .
9,132 37 Jan. 4 43% Feb. 11
39
39% 38
38% 38
39%
Do
1st pref
*19
20
300 18% Jan. 22 21% Feb. 11
18% 19
*18
19
Do
2d pref
150 150
1,068 130 Jan. 12 162 Feb. 4
149 150
149 155 Great Northern, pref.............
102% 102% 100 102 100 101%,Illinois Central....................... 10,093 100 Feb. 24 108% Jan. 31
*7
9
110
*7
8
7 78 7% Iow a Central...........................
7% Feb. 25
9% Jan. 13
29
30
Do
1,062 28 Feb. 24 35 Jan. 8
29
29
28
28
pref.
15
15
*15
16 Lake Erie & Western
805 15 Feb. 23 18% Feb. 8
15% 16
70
70
69% 71
71
71
1,604 69% Feb. 24 76% Feb. 8
Do
pref.
190 191% 191 192% Lake Shore & Mich. Southern 10,078 170% Jan. 4 194% Jan. 29
191% 192
543s 56
52
54% 53% 55 Louisville & N ashville.......... 71,451 52 Feb. 24 60% Jan. 31
107% 111% 98 105
100% 104% Manhattan Elevated, consol. 127,169 98 Feb. 24 120% Jan. 14
132 141
144 149
133 141 Metropolitan Street............... 48,113 128% Jan. 4 171% Feb. 14
106% 107% 103% 106
105%107% Michigan Central....................
9,846 100 Jan. 4 114% Feb. 8
3,210 25 Jan. 5 30% Feb. 15
26 Minneapolis <feSt. Louis........
27
27% 25% 26% 26
§85
*87
89
*84
86
85
37 85% Jan. 13 88% Feb. 15
Do
1st pref.
53
*54
56
53% 54% 54%
660 53 Feb. 24 59% Feb. 15
Do
2d pref 1
§12% 12% 11% 1134 11 % 11% Missouri Kansas & T ex a s___ 4,345 11% Feb. 24 14% Jan. 26
Do
35% 36% 34% 36
35% 36%
pref. 19,431 33% Jan. 5 41 Jan. 28
27% 29% 24
25% 27 Missouri Paciflo
27
40,716 24 Feb. 24 35% Jan. 28
*27
27
27
28
28
350 27 Feb. 24 32% Feb. 7
28 Mobile & O h io.........................
113 115% 109% 112% 111% 113% New York Central & Hudson. 93,098 10538 Jan. 3 119% Jan. 28
*12% 13 New York Chicago & St. Louis
13% 13% 12% 13
400 i2% Feb. 24 15% Jan. 31
*67
76
73
73
*68
73
Do
1st pref.
200 73 Feb. 19 76 Jan. 31
35
35
*35
37
400 35 Jan. 7 40% Jan. 29
35
35
Do
2d pref.
190 190 '188 191
188 192 NewYork New Haven & Hart.
117 §178%Jan. 7 §195%Feb. 2
153s 15% 15% New York Ontario & Western.
1538 15% 15
9,445 15 Feb. 24 18% Feb. 2
14
12
14
14% 14
14 New York Susq. & West., new
700
8 Jan. 8 18 Jan. 5
32% 34
34
34
2,550 23 Jan. 10 38 Feb. 11
Do
pref.
337s 33 7a
§15
15
15
15
*13% 15 Norfolk & W estern.................
335 14% Jan. 25 17 Feb. 7
48% 49% 45% 47% 46% 48%
Do
pref. 25,141 45% Feb. 24 56% Feb. 7
19
22 % 23%
2 1 % 2 0 % 21 % Nor. Pacific Ry., voting tr.ctfs. 65,162 19 Feb. 24 28% Jan. 31
Do
pref. 116,441 58 Jan. 5 69 Jan. 31
60% 62% •587e 607s 60% 61%
50% 50% 46
*45
50 Or.RR.&Nav. Co. vot. tr. ctfs.
46
1,727 35% Jan. 7 54% Feb. 1
■67
70
68
}67
68
69
Do pref., vot. trust ctfs.
615 68 Jan. 5 72% Jan. 20
29
30% 27
27% 28
28 Oregon Short Line..................
3,628 19% Jan. 3 33% Feb. 17
114% 116
111% 113% 112% 114% Pennsylvania..... .................... 21,220 111% Feb. 24 120% Feb.
43% 44
43% 43% 43% 44% Pittsburg Ginn. Chic. & St. L.
4,530 38% Jan. 5 46% Feb.
66
66
§66
66
68
68
Do
pref.
140 64% Jan. 18 71 Feb.
193g 20 % 18
19% 18% 19% Reading, voting trust certifs. 23,900 18 Feb. 24 23% Jan.
45% 47% 41% 44% 42% 44% 1st pref. voting trust certs. 31,884 41% Feb. 24 54% Feb.
23% 24% 21% 23
22 % 23
2d pref., voting trust certs. 20,125 21% Feb. 24 29 Jan.
23
23
23
23
Rio Grande Western...............
525 23 Feb. 21 25 Feb. 11
60
*58
Do
pref.
60 58 Jan. 28 61% Jan. 8
6
6%
7
5%
6%
1,750 5% Feo. 25
6% St. Jos. & Gd. Isl.,vot. tr. ctfs.
8% Feb. 11
50
50% 45
48
*46% 49%
Do
1st pref.
943 45 Feb. 24 56 Feb. 10
*16% 17
16
18
16% 16%
Do
2d pref.
1,020 16 Feb. 23 22% Feb. 11
*6 %
7
*6% 7 St. L. & San Fr., vot. tr. ctfs.
6%
900
6%
6% Feb. 23
7% Jan. 8
54% 55% 55
55
55
55%
Do
1st pref.
1,775 53% Jan. 24 58% Feb. 7
25
25% 22 % 23% 23% 24%
Do
2d pref.
3,450 22% Feb. 24 28 Feb. 8
43s 4%
4% 4%
4% 4% St. Louis Southwestern..........
3.590
3% Jan. 24
5 Feb. 1
9% 9%
9
9
9
Do
pref.
9%
800 9 J an. 24 11 Jan. 27
*20
*20
25
25
*20
25 St. Paul & Duluth..
20% Jan. 6 25 Jan. 8
80% 80%
85
*78
100 80% Feb 23 87% Feb. 14
85
Do
pref.
130 138
§130 130
135 135 St. Paul Minn. & Manitoba...
110 123% Jan. 12 136 Feb. 11
19
19
19
19
19
19 Southern Paciflo Co.................
1,560 19 Feb. 23 I 22 Jan. 12
8% 8%
87s 8%
8%
8% Southern, voting trust, certif.
5,930
8% Feb. 25
9% Feb. 10
28% 30
26% 28% 2778 28% I Do pref., voting trust cert. 25,764 26% Feb. 24 33% Feb. 11
10 % 11 % 10
10% 10
10% Texas & Paciflo.......... ............
7,360 10 Feb. 24 12% Feb. 15
29% 31% 26% 29% 28% 30%iUn. Pao., tr. rec., all inst. pd. 71,812 25% Jan. 3 36% Feb. 1
54% 5738 51
5378 52% 55
Do
n e w ......p r e f. 107,098 51 Feb. 24 63% Feb. 2
8% 9%
8%
9
8%
8%!Un. Pao. D en.& G ulftr.rects.
9,295
6% Jan. 5 10% Feb. 18
6%
*7
7 |Wabash......................................
7
7%
7
2,380
6% Feb. 24 7% Jan. 12
16% 17
15
16
15% 16%
Do
pref. 14,650 15 Feb. 24 1 19% Jan. 13
2%
2%
2%
2%
2% Wheel. & L. Erie, $1 ass’ tp d .
2^8
1,155
3% Jan. 11
2 Jan. 5
* 12 % 14%
12% 12% 10% 11%]
Do
pref. do.
300
9% Jan. 4 I 16 Jan. 12
M iscellan eou s S tocks.
20
19
19% I
20
§19
19
18% 19
17
18 American Cotton Oil Co
2,160[ 17 Feb. 25 23% Jan. 10
§74
74% 73
73
71% 71% 70
70% *70%
Do
pref.
498 70 Feb. 24 77% Feb. 1
8%
8%
8%
7%
7%
6% 7%
7%
7%
7% American Spirits Mfg. C o ....
6,744 6% J an. 20
9% Jan. 26
19% 19%
22
*20
20
19
19
19
§18% 18%
Do
pref.
1,021 18 Jan. 3 22% Jan. 31
125% 128%
1283s 182
125 128% 120% 124% 121% 123% American Sugar Refining Co. 381 6141120% Feb. 24 145 Jan. 7
112% 112% 110 112
111% 112 110% 111% 111% 111%
Do
pref.
3,839,110 Feb. 21 116 Jan. 6
89% 90% 87% 89
91is 91% 89% 91%
87% 90% American Tobacco Co
49,938 83% Jan. 2 i 92% Feb. 11
|110% 117% §117% 117%
117 117
115 115 §112 112
Do
pref.
646 113% Jan. 14 118% Feb. 18
338 33s
3% 3%
3
3%
2%
3%
2% 3 Bay State Gas.......... ............... 10,720
2% Feb. 24
5% Jan. 21
188 189% 184 1°8%
184 186% 180 183
180 184 Consolidated Gas Company.. 15,7»9 176 Jan. 3 195% Jan. 25
32%
31% 31% 31
32% 32% 32
31% *30% 31 Consolidated Ice C o ..........
760 30 Jan. 12 37% Jan. 24
*86% 89% *86% 87% *86% 90
*88% 89% 88% 88%
Do
pref.
100 85 Jan. 7 91 Feb. 15
34% 35% 3338 34%
33% 34
30% 33
30% 32% General Electric Co................. 23,028 30% Feb. 24 39% Feb. 7
34% 34% 33
32
33% 30
33%
31% 30% 31 National Lead Co....................
7,911 30 Feb. 24 37% Jan. 7
108% 108% 108% 108%
§107 109 xl03% 103% 103% 104%
Do
pref.
1,776 103% Feb. 24 109% Feb. 10
28% 80%
28% 29% 26% 28% 27
30% 31
27% Pacific Mail.............................. 10,431 26% Feb. 24 32% Feb. 4
91% 93% 8838 92% 89% 91% People’s Gas L. & O. of Chic. 94,030 88% Feb. 24 99% Feb. 11
93% 94% 91% 98%
____ mmmmm . . . . . . mrnmmmm
56% 56% *55% 56% Silver Bullion Certificates....
1,000 56% Feb. 24 56% Feb. 24
§4% 4%
*4%
4%
4%
4 -it
§4% 4% Standard Rope & T w in e....,«
370
4%
3% Jan. 3
5% Feb. 16
20
22
22
22%
20
19% 20 % Tennessee Coal Iron & R B ... 18,337 19 Feb. 24 28% Jan. 11
22% 23
6%
6%
*6% 7
*6% 7
§7
7
6%
7 United States Leather Co . . . .
695
6% Feb. 25
7% Feb. 7
64
61% 63
617e 621% 5978 61% 60
63
61
Do
pref. 13,630 59% Feb. 24 67 Jan. 31
18
16% 16
16
18
19
3,401 15 Jan. 18 21% Feb. 15
19% 17% 18%
16% United States Rubber C o .....
69
65
66 % 67
72
70
67
71
66
Do
pref.
67
2,847 63 % J an. 11 74% Feb. 15
90% 01 % 80% 90%
8878 90% 8 6 % 88 % 86 % 88 Western Union Telegraph. ... 50,027| 86% Feb. 25 93% Jan. 10
These are bid and asked no.sale made. § Less than 100 shares.
F o r I n a c tiv e S to cks see fo llo w in g 1 age.
' 12% 12% 11% 12
29% 30% 28
29%
16% 17% 16
16
42
42% 39% 42%
81% 82% 81% 82
51% 52% 50
51%
94% 95% 93
94%
22
22% 21% 21%
99% 100% 97% 98%
*56
59
*56
59
*109 111% 108% 108%
12% 12% 11% 12%
*8
8%
9
8%
29% 29% 27% 29
94% 95% 93% 94%
148% 149
147% 147%
125% 126% 123 124
174 174
174 174
90% 91% 87% 90
75
75% 72% 74
*150 155 *150 155
8%
8%
8%
8%
28%!
29% 30
28
35% 32% 34
34
82
*80
83
*80
111 111%
*110% 112
152 152 *151
§12
12
48% 49
47% 48%
14% 14% 14% 14%!
J 39% 40% 37% 39%'
........
18% 18%t
155 158 *151 158
102 103%
104 104
*8% 9
*8% 9
§31% 31% 30
30
16% 16% 16
16
72
73
73
72%
191 192%
192 192
56% 57% 54% 57 1
113% 114% 109 113%'
154% 156
148 153
109% 110
108 109
27% 28% 27% 28
*87
88% *87
88%
58
55
*57
56%'
12% 12% 12
12%'
36% 37% 35
36%'
30% 31% 28% 30%'
*29
*31
32
30
115% 116
112%115
14
14
*13
14
73
73
*73
76
*35
37«
§194 195% §194% 194%
16% 16% 15% 16%'
14% 14% 14
14
34% 35
34
34%
*15% 16% *15
16
49% 51% 48
50
22% 23%
23% 25
63
63% 64% 61
50% 51
49% 50
71
71% 68% 68%
29% 29% 29
31
116% 117
115% 116%'
*44
46
43% 44 1
*66
*66
70%
71
20% 20% 19% 20%'
48% 49% 47
48
*25% 20% 24% 25%
*23
23
25
23
§60% 60% *58
60
6%
7%
7%
6%
52% 52% *........ 52
18
18% 17
17
*6% 7
7%
6%
56% 56% 55% 56
26% 26% 25% 26
4%
4
4%
4%
9%
9%'
9
«0
25 k........ 25 !
*20
♦
871a
*133 136 ‘ 130 138
19% 19%' 19% 19%'
8%
9
8%
9 1 28%
30
30%
30
11%
12
11%
12
31%
31% 32% 30
58% 59% 55% 57%
8%
9%l
9%!
8%
7%
7
*7
7%
17% 17% 16% 17%
2%
2%!
*2%
3
*12% 14%'
*12% 15
11 %
27%
16
39%
82%
49
91%
12
29
16
41%
82%
50%
93%
If
F
ebruary
413
THE CHRONICLE.
2 6 , 1 8 9 8 .]
NEW YORK STOCK EXCHA.N&E PRICES (Coatiaaefl)—IN'AOTIVß STOCKS.
INACTIVE STOCKS.
« ndioates unlisted.
Feb. 25. I Bange (tales) in 1898.
Lowest.
Ask.
Bid.
R a ilr o a d S tock s.
10
dun Arbor..................................}XX [34
Prcfcrrod.
...•■■•• ••••i-vv
Buffalo Rochester & Pittsburg 100 [29
SECURITIES.
Bid.
Ask.
Feb. 25.
Inactive Stocks .
f Indicates unlisted.
Highest.
12% Jan. 15 Feb.
34 Jan.
40% Feb.
28 Jan. 30% Jan.
65 Jan. 67% Jan.
64
72 Jan. 72 Jan.
Burl 'edar Rapids & N or... .100
1138 Jan.
13% Jan.
14
13
C e n tr a l P a oiflo ............. ...................|XX
161 Feb. 166% Jan.
•Chicago & A lto n .......... - — - ft** [161
30
Feb.
36% Jan.
32
[30
C h ica g o G rea t W est. p r e f. A . . .1 0 0
24% 22% Feb. 25% Jan.
20
19% Jan.
13%
Feb.
13%
[13%
•Clev Lor. & Wheel.......... - .......
47 Feb. 50% Feb.
P referred ..-— . — - - — —
nw 169
....
....
Cleve and * P ittsbu rg.. .
- »0
_....
5% Jan.
8% Feb.
[6
Ool. Hook. Valley & T o l.......... 100
17 Jan. 25 i*eb.
28
18
11 Feb. 15% Feb.
11% 13
Des Moines & Ft. D odge.......... 100
....
....
75
P r e fe r r e d .......... ..........................
23
Jan.
25 Jan.
25
20
Evansville & Terre Haute........ 50
40
Jan.
41
Jan.
45
40
P r e fe r r e d
----- v r * "* * ......... i n n
Jan. 14% Feb.
........ 12
F lin t & F ere M a r q u e t t e ............... i o o
41 Jan. 43 Jan.
30 Jan.
32% Feb.
40
30
Green Bay & Western.......... -1 0 0
6 Jan.
6% Jan.
Deb. oertfs. B .. . . . - . — -— 1000
19%
Jan.
24% Feb.
23
19
Kansas City Pitts. & G u lf ....... 100
3
Jan.
4% Feb.
5
3%
Keokuk * Des Moines............... 100
18 Feb.
18 Feb
17
15
P r e fe r r e d ............... -......................
40 Jan
50 Feb.
50
Locig Island.................
10" 401
1 Feb.
1% Feb.
1%
M e x ic a n N a tio n a l t r . e t f s —
lo u
174 167% Jan. 175 Jan.
M o r ris & B s s e x ....................... — - 5 0 171
320
Jan.
320
Jan.
JS Y. & Harlem.......................... 50
¡121 Jan. 123% Feb.
N ,Y . L a oa . & W e s t e r n .— . . — 1 00
%
Jan.
1%
Feb.
1
1%
P e jrta D e c a t u r & E v a n s v i l l e ..1 0 0
5% Feb.
6 I 3 Jan.
3
171%
Feb.
¡168
Feb.
Pitts. Ft. W. & Ohio, guar........ 100 [168
Jan. 184 Feb.
Rensselaer * Saratoga............ iou 180 123% 1182
120% Feb. 123 Jan.
Rome Watertown & Ogdens. -.100 12t%
[le 5 188 164 Jan. 194% Feb.
21 Feb. 22 Feb.
22
1 12
Feb 10238 Jan.
West Chicago S t r e e t . 100 1
j [97%| ....... 97%
3% Jan.
% Jan.
Wisconsin
» No price Friday latest price this week.
[ Aotual sales,
14
35
CX Indicates actual sales.)
Bid.
Bange (tales) in 1898.
Ask.
Lowest.
m is c e lla n e o u s S to ck s .
Adams E x p r e s s ......— . . . . . . . .100 [120 121 100 Feb.
American Bank Note Co II . . . . . . . . .
American C o a l .........—.« >....25 100 140
American Express..................1 0 0 [122 128 116 Jan.
90 Jan.
Amer. Telegraph & Cable......1 0 0 [9 i
1141« Feb.
Brooklyn Union Gas...................100 [116
Chio. Juno. R y. & Stock Yards. 100
2 0 4 Feb.
Colorado Fuel & Iron ............... 100 [20 Q
78
Preferred........................
100
5% Feb.
[5%
Col. & Hook. Coaltr.rots.allpd.100
Commercial Cable.. . . . . . . . . . . . . 1 0 0 160
45
Feb.
Consol. Coal of Maryland.........100 40
50 Jan.
Detroit Gas..........
50
127
%
Jan.
Edison Eleo. 111. of N. Y . . . ....... 100 126*
109ia Feb.
Edison Eleo. 111. of Brooklyn.. 100 [108
Erie Telegraph & Telephone ..100
29% 2 8 4 .Tan
Hawaiian Com. & Sugar— ........... [29’
48 % 46 Feb.
Illinois Steel................................100 [46
39% Feb.
41
Laoiede Gas.................................100 [40
92 Feb.
92
Preferred..— . —
............ 100 88
50 Feb.
52
40
Maryland C oal,pref..........100
Michigan-Peninsular Oar C o.. .100
4 Jan.
P r e fe r r e d ............................. 100
Minnesota I r o n . . . . . . . . . . —.....1 0 0 [593a 59 3* 7 Jan.
7 J*n.
National Linseed Oil Oo............100 [17
8% Feb.
5
National Starch Mfg. Oo........... 100
7 Jan.
7
New Central Coal. . . . . . . . . . . . . . . 100
N. Y. & East River Gas If-------100
Preferred IT....... —..................—100
[518 öSg 4% Jan.
North American Co...................100
3*4 Jan.
3
Ontario Silver Mining................100
350 Feb.
Pennsylvania Coal------ . — . — 50 [350
173
Jan.
PuUmtn Palace Car Co............100 [177 179ia
2 Jan.
•I
1*4
Quicksilver M in ing..— . — . — 100
7
3
Preferred .......... — ............. XX
Tennessee Coal & Iron, p r e f...lo o
5% Jan.
Texas Paoiflo Land Trust.— —100
40 Jan.
45
U. 8. Express.............................. 100 42
Wells. Farvo E xp ress............... 100 [117 118 113 Jan.
SECURITIES.
Bid.
SECURITIES.
Ask.
Missouri—Fund..............1894-1895
North Carolina—6s, o ld ........... J &J
Funding act...........................1900
New bonds, J&J........ 1892-1898
Chatham R R .............................
Special tax, Class I ..................
Consolidated 4s.................... 1910 103
7s, Arkansas Central R K ..—-—
........
6s.............................................1919 125
^joulsiana—7s, c o n s ............,.1 9 i4 •.......
South Carolina—4%s, 20-40..1933 103
NVrsy1eon sofa *4s "J
”."—1914 ib 'i ........ Ì 6s. n o D -fn n d ...... ............. 1888
Alabama—Class A, 4 to 5 ....1 9 0 6 108%
107
95
Currency funding 4s.— — .1920 95
Arkansas—6s,fund,Hoi.1899-1900
Tennessee—6s, old ......1892-1898
6s, w boncis..........1892-8-1900
Do
New series.... 1914
Compromise, 3-4-5-68.......... 1912
New settlement 3s................1913
Redemption 4s...................... 1907
Do
4%s......................1913
Penitentiary 4%s..................1913
Virginia funded debt, 2-3s— 1991
6», deferred t’st reo’ts, stamped.
Highest.
180
Feb.
130
93
125
Feb.
Feb.
Jan.
26% Jan
713 Jan.
45 Feb.
60*8 Feb.
135 Jan.
I l l Feb. !
36%*Feb.
55% Feb.
48 Jan.
94ia Jan.
51 Feb.
4 Jan.
5 Feb.
9 .Tan.
9 Feb.
8I4 Feb.
638 Feb.
314 Jan
350 Feb.
189% Feb.
2% Jan
614 Jan.
45 Feb.
120 Feb,
Bid.
Ask.
90
93
69
4
71
Reports o f Non-Member B a n k s .-T h e Clearing-House now
New York City Clearing House Banks.—Statement of con
also publishes returns for non-member banks. Statement or
dition for the week ending February 19, based on averages of averages for week ending Feb. 19, 1897, is as follows.
«daily results. W e omit two ciphers (0 0 ) in all cases.________
Deposit, with
B an ks.
(00s om itted.)
Capital^ Furp i’s. Loans.
Specie. Legal». Deposits.
Bank o f N ew Y o r k .. $2,000,0 $1,900,6 $15,050,0'$3,130,0
Manhattan C o . . . . . . . 2.050.0 2;i00;8: 15,611,0 2.361.0
M erchants’ ............... 2 , 000,0 1,060,9 12,767,9 2.833.1
M echanics’ ................ 2, 000,0 2.087.6 9,726 0 1,454,0
.......... 3,247,9
A m e r ic a .................... 1.500.0 2.597.2 20,719.4
3,934.0 ' 352,0
246.6
P h en ix ........................ 1, 000,0
1,000,0 3.745.8 71,220,7 18,629,8
C it y ...................... —
352,4
3.405.9
120,8
750.0
Tradesm en’ s .............
300.0 7.454.7 23.796.5 5.456.5
C h em ica l...................
934.1
180,9 5.006.9
600.0
M erchants’ E x ch ’ ge
943.6
7,209,8
■Gallatin...................... 1,000,0 1.653.9
214.1
169.3 1.080.3
300.0
B utchers’ * D rov’rs’
282,0
228,5 2.036.0
400.0
M echanics’ * Trad’ s’
112.3
908,0
163.4
200.0
G reenw i h .................
358.1
489,8 3.337.4
600,0
Leather M anufac’rs'
321.4
1.881.5
90,6
300.0
■Seventh....... - . . . . . . .
159.1
495.7 3.668.7
State of N ew Y o r k .. 1 200.0
26.205.0 2.084.0
2.480.8
0
Am erican E xch an ge 5.000.
2.668.5
25.115.4
3.559.0
5.000.
0
C om m erce.......
6.309.4 1.094.0
1.634.2
1 000
0
B roadw ay.......
9.976.7 1,053,4
1 000,0 1.030.0
M erca n tile. . . .
376.2
2.350.0
465.4
422,7
P a c ific . . . . . . . . .
858.2 17.873.7 3.502.3
1.500.0
R public........
729.5
988.0 6 220.8
450.0
C hatham ..........
157.7
250.8 1.734.0
200.0
P eople’ s ------ .. . . . . .
554.4 12.889.8 1,804,2
700.0
N orth A m erica .........
5
720,1
26.137.6
2.196.0
1,
000,0
H a n o v e r .----- . . . —. .
305.7
359.0 3.151.0
500.0
Ir v in g .........................
409.0
407.0 2.525.7
600.0
•Citizens’ ....................
164.6
2.411.7
600,0 . 264,3
N a ss a u ......................
709.0
6.323.4
900.0 1.021.1
M arket & F u lto n ...
585.4
159.5 3.987.6
■Shoe * L eather....... 1, 000,0
1.727.4
9.851.7
1.314.0
C orn E x ch a n g e....... 1, 000,0
979.0
5.814.6
204.1
C ontin ental............... 1, 000,0
183.4
406.3 1.860.0
300.0
Oriental — — - - - - Im porters’ * Trad’rs 1.500.0 5.715.1 25.217.0 4.856.0
P a r k ........................... 2, 000,0 3.265.7 39.902.8 10,197,4
175.3
145.4 1.326.6
250.0
E ast R iv e r................
3.200.0 2.056.7 23.999.0 4,143,9
F o u r th ------. . . . . . —
519.1 9.476.0 2.140.0
1 000,0
C e n tra l.....................
950.0
689.9 5.377.0
300.0
S e co n d ......................
560.6
282.4 3.499.0
750.0
N in t h ........................
4.441.4
7.012.9
29.090.5
500.0
F ir s t .........................
188.4
63,4 1.363.6
300.0
N . Y. N at’l E x ch ’ge
438.0
618,8 3.075.0
250.0
B ow ery................ . . .
434.2
787.3
3.017.6
200.0
N ew Y«>rk C ounty.
265.0
28ft,7 2.836.5
750.0
G erm an A m erican.
1,000,0 1.037.3 24.396.8 6.416.1
C hase.........................
8.347.9 1 722,3
100.0 1.113.8
Fifth A venu e..........
184.3
570.7 2,422,2
200,0
G erm an E xch an ge.
563.9
711.4 3.652.0
200,0
G erm a n ia .................
646.1 6.478.9 1,018,0
300.0
L in c o ln ....................
889.2
810.3 5,236 6
200.0
G a r fie ld ...................
387.9
312.1
1.847.7
200,0
Fiftm ..................
816.8 5.080.7 1.043.0
300.0
B an k o f the M etrop.
249.0
341,1 2.332.0
200.0
W est Side............ .
324.8 9.592.0 1.597.0
500.0
Seaboard.............
343.6 1.754.0
220.0
200.0
■Sixth...........................
587.8 27.868.5 2.960.5
W e ste rn ................... 2.100.0
967.5 5.284.0
557.5
300.0
F irst N at. B ’k ly n ...
786.6 11.944.1 2.966.6
N at. U nion B a n k ... 1, 200,0
366.2
290.8 3.108.1
500.0
L i b e r t y .....................
585.2
314.6 3.983.6
N . Y. Prcd. E xoh ’ g e. 1, 000,0
277,5 2,807,4
669,0
250.0
B k.of N . Am sterdam
.
., .
.
,
Total
1ft» 022
$1,470,0 $16,000,0
1.437.0 16.492.0
2.522.1 16.293.7
9.097.0
1.267.0
3.030.7 24.317.0
3.950.0
765.0
3.569.7 88.416.5
3.725.1
723.7
4.120.4 25.959.0
5.828.2
607.2
1,409,9
6,638,9
1.383.5
345.1
2.215.0
273.0
265.3
944,0
3.093.8
517.5
2.282.2
293.0
2.736.0
808.1
6.051.0 23.010.0
3.886.3 21.744.8
5.829.3
432.4
2.044.2 11.188.0
2.964.4
658.0
2.073.2 20.918.2
6.378.9
1.014.0
531.6
2.419.8
1.989.0 15.309.0
4.206.2 36.049.9
3.459.0
761.9
2.792.4
302.5
3.188.4
610.9
1.056.3
5.822.4
4.432.0
471.5
945.0 10.605.6
7.053.8
995.5
426.4
1.936.3
2.933.0 27.160.0
5 308,0 51.223.6
1.269.6
174.5
2,798,2 26.144.3
2.749.0 13.684.0
6.314.0
784.0
3.848.0
409.6
5.525.5 31.668.6
1.293.8
182.8
3.734.0
622.0
3.948.0
393.6
434,4
2.699.5
4.304.8 32.891.0
9.704.2
733.6
3.135.4
578.3
4.722.6
5 81,0
7.237.6
909,8
6.364.2
826.3
2.250.6
211.4
6.725.2
1.146.8
2.586.0
478.0
1.608.0 11.972.0
1.680.0
208 0
5.336.5 82.990.0
5.646.0
1 1 0 5 .6
732.2 13.326.7
3.237.6
412.0
3.595.0
359.2
3.135.0
265,1
7Ä271 2 646 915 2 1188338 93.494.8 73«.5«0 «
BANKS.
(00s om itted.)
N e w Y o r k Ci t y .
A sto r N at’l B a n k ..
A stor P la ce............
C olon ial......... ........
C olu m bia................
E leventh W a r d ....
Fourteenth Street.
Franklin N ational.
O a n se vo o rt............
H am ilton........ .......
H id e * Leath. Nat.
H o m e .......................
H udson R iv e r .......
M ount M orris.......
M u tu a l.....................
N ineteenth W a rd .
P la z a ___ —..............
R iverside.................
Standard National.
State.........................
T w elfth W a rd .......
Tw enty-third W ’d.
U nion S q u a r e .....
Y o r k v ille ------. . .
Br o o k l y n .
B edford............. —
B road w ay................
B rook lyn ............
E ighth W a rd .........
F irth A v e n u e .........
F u lt o n .....................
K in g s C ounty........
M anufact’rs’ N at’l
M echanics..............
M ech’ s’ & T radr’ s’
N assau N ation a l..
N ational C ity.........
N orth S ide............
P eople’ s...................
Queens Co. (L.I.C.1
S cherm erh orn.......
Seventeenth W are
Sprague National..
T w en ty-sixth W ’d.
U n io n ... ............... .
W alla b ou t...............
O t h e r Cit ie s .
1st Nat., Jer. City.
H u d . Co. Nat. J .C
2d N at., Jer. C ity.
3d N a t , Jer. C ity.
1st N at., Hoboken.
2d Nat., H oiiokei.
Bank o f Staten Isl
1st N at.,Staten Isl.
Capi
tal.
Sur
plus.
$
Legal
N et
Tend’r Clear Other
Loans &
<kB’k ing Bks. <fc De
Invest
ments. Specie. Notes. House Trust posits.
Agent. Go’s.
$
186.3
300.0
250.0 35*5*6 2.450.4
663.8
48.6
100.0
300.0 185.8 1.878.0
100.0 112,6 1.087.6
823.0
100,0 44.1
200,0 31.2 470.0
677.5
200,0 24.3
200,0 94.5 1.299.4
1.970.0
144.6
500.0
454.3
100.0 81,8
200,0 186.8 1.083.0
82,0 1.288.7
250.0
200.0 94.7 849.7
614.0
100,0 22.3
100,0 105.7 1.032.6
711.4
100,0 94.3
454.9
200,0 27.8
100,0 65.0 1.461.0
200,0 148.7 1.071.6
671.5
100,0 42.8
200,0 269.9 2.067.3
100,0 114.5 1.211.9
$„
14,9
591.0
51.4 640.0
42,6 282,2 160,0 2,767,8
771.0
64.5 101.1
6.7
2*7,*7 1.935.3
131.0 104.0 156.0
1.391.2
84.2 245.2
67.0
977.0
96.6 108.7
14.6
440.0
100.0 30.0 60,0
512.2
5,5
8,6 52.3 33.3
1.324.7
93,1
70.0
49.1
1.466.2
72.1 134.3
258.0
562.4
31,2
46.3
60,0
91.3
1,161,0
74.0 215.0
43.0
86,7 1.561.8
89,7
71.8 110.7
862.4
16,1
91.2 194.8
26.4
880.1
36,0
32.4 148.0 110,2
1.242.8
11.2 72.1 331.3
711.0
7.7 43.8 96.4
332.4
6
66,3
62.4
18.3
90.0 120,0 1.647.0
25.0
49.0
97.8 1.465.0
20.9 110.1 180.4
850.5
22,2 .93,6 65.1 91.8
2.348.8
37.7 239.7 122,6
1.258.6
67.0 113.4
94.3
200,1
100,0
100,0
100,0
51,2
48.1
31.5
41.0
34.3
948.3
35.5 122,1
1.260.0
79.0
66.4
1,030,1
18.0
10.9
277.6
23.2
19.8
450.6
38.6
59.1
831.7
29.7
40.4
585.9
2.112.3 239,7 236,2
2.473.6 102.0 139,4
42.2
50.5
871.7
3.676.0 221,0 212,0
81,0 342,0
2.312.0
11.6 63.7
643.8
26.5
42.3
792.9
62.2 107.6
1.731.0
14.2
38.5
452.7
35.8
8.4
396.9
12.5
88.3
1.031.9
10,1 20.4
366.9
14.9
7.5
262.6
34.5
13.1
483.9
400.0
250.0
250.0
200.0
110,0
125.0
25,0
100.0
730.9
507.4
393.1
165.5
409,»
82,7
42.6
71.6
3.765.0 138,0 168.7
57.8
90.3
1.865.9
61,1
67.5
1.456.3
71.3
28.2
727.9
24.5
94.9
1.492.6
32.6
39,0
679.4
14.9
15.3
393.5
20,0
19.4
552,4
150.0
100.0
300.0
100.0
100.0
200,0
150.0
252.0
500.0
100.0
300.0
300.0
100.0
100.0
100,0
100,0
100,0
110.3
115.7
165.3
31.0
51.2
180.9
78.9
398.6
426,9'
189,2
581.6
574.4
108,1
106,0
117.6
58,8
66.2
200,0 220.5
85.0
114.2
116.2
2*0,2
447.8
1,0
40.1
33.1
53.1
81,6
112.3
408.3
148,6
26,6
83,6
660.0
90.0
3H6.0
56.0
197,1 539,9
48.5
41,7
286.3 122,1
93.5
77.6
815.0
10,5
30.6
7
32,2
30.7
2,4
71.1
1.071.4
1.387.5
l,3 3 8,d
211.5
427.8
707.0
605.8
509.3 633,8
204.5 486.0
507.3
163.9 22*3,5
148.1 272,7
63,5 203.0
66.1
7
78,3
4.307.2
2,038,31.481.6
964, 6
1.522.6
848.3
455.2
516,8
2.686.6
2.362.2
875.0
4.065.0
2.709.0
1.277.9
820.5
2,126,4
448.9
351.1
1.030.0
341.6
199.0
480.1
. 8,4033 5*393,2 33 n ,o 1,07° 0,000,6 1,5343 64,717,2
T otals F eb. 1 9 .. 0..,212,0
T otals F eb. 11.. 8,qi2,0\8,4033 .58,7003 3,0013 3,786,6 83333 7344,6X64,1683
0
.
212
,0 X8322,7 30,QÓS,033773 7,781,1 X0,240,2 3 ,433,0X
63331,0
T otals Feb. 5..
B2F" F or prices of bank stocks (formerly given on this page) and
summaries of* the w eekly returns of the banks in New Y ork city*
Philadelphia and Boston, see the third page preceding.
414
THE CHRONICLE.
HUSTON, PHILADELPHIA
Active Stocks.
If Indicates unlisted.
[Voc. LXVI,
AND BALT1M0BE STOCK EXCHANGES.
0 F S k s re P r ic e s — n o t P e r C e n tu m P r ic e s .
Saturday,
Feb. 19.
Atch. T. A S. Fe.(Boston). 100 12% 12%
Baltimore & Ohio (Balt.). 100
Balt. City Pass’ger 44
25
Baltimore Consol. 44
25 24% 24%
BaltimoreConsol.fr(Phil.). 25 21% 24%
Boston A Albany (Boston). 100 224 225%
Boston A Lowell
“
100 *222 224
Boston & Maine.
“
100 165 165
Central o f Mass..
“
100
P referred ......
“
100
Ohic.Bur.A Quin.
44
100
OhiaMil.dc St. P. (Phil.). 100
hoc.Okla AGulf
44
50
Preferred.........
44
50
Fitohburg pref..(Boston).100
Lehign Valley . (Phila.). 50
Metropol’n Str’tff
“
100
Mexican Gent’ l (Boston). 100
New E ngland....
“ ' 100
Preferred . . . . . .
“
100
Northern Central (B a l.). 50
Northern Pacific (Phila.) 100
Preferred
44
100
Old Colony. ....(B oston). 100
Pennsylvania. . . (Phila.). 50
Philadelph. Trao.
“
50
Beading Co.........
“
50
Union Pacific!.. (Boston). 100
Union Traction.. (Phila. ) . 50
M is c e lla n e o u s S t o c k s .
Am.Sng’r Rettn.fj (Bi
».__ 128% 131%
. . . 112 112
Preferred........
100 264 265%
Bell Telephone..
Bost. & Montana.
25 174% 176
Butte A Boston.!
25 24% 25
Calumet & Eteola
25 *527% 530
Canton C o .......... (Balt.). 100
Consolidated Gas
44 100
Dominion Coal.(Boston). 100
Eleo.Stor. Bat’y If (Phila.). 100
Preferred
44
100
Erie Telephone. (Boston). 100
General Eleotrio.
44 100 35
35
4
100
Preferred____
Illinois S teel. . . .
44 100 *50
51
Damson StoreSer.
44
50 22
22
Lehi’h CoalANav. (Fkila.) 50 *4l% 42
N. E. Telephone (Boston).100
Pa.Heat,L.&Pow('PAi/oJ.....
22% 22%
Unit’d Gas Imp. 1f
44
50 113% 113%
Welsbach Light Ti
44
5 41
41
West End Land. . (Boston) . . . .
*1
1%
*Bid and ashed prices; no sale was m ade.
Inactive Stocks»
Prices o f February 25.
Atlanta * Charlotte (Balt.). 100
Boston A Providence (Boston).] 00
Boston Elevated.......
44
100
Oatawlssa... . . . . . . . . . . (Phila.). 50
1st preferred. . . . . . .
44
50
Central Ohio............... (Balt.) 50
Chicago A West Mich. <Kost/yn) .100
Citlz’ns St. Ry.oflnd.if (Phila.) 100
Connecticut <&Pass..(Boston). 100
Connecticut B iv e r....
44
100
Consol. Traofcof N. J.ff (Phila.). 100
Flint A Pere M a rq ...(Boston). 100
Preferred. . . . . . . . . . .
44
100
Georgia Son. & F la .. (Balt.) .100
1st preferred.. . . . . .
44
100
2d p r e fe rre d ........
44
100
Hestonvllle Passeng. (Phila.). 50
Preferred I f . . . . . . . . .
44
50
Hunt. A Broad T op ...
44
50
P referred ..............
44
50
Kan. C’yFt.8. A Mem.(Boston). 100
Preferred..........
44
100
Little S ch uylkill...... (Phila.). 50
Maine C en tra l.......(B oston) 100
Mine Hill A B.H&vev.(Phila.). 50
Nesquehonlng V a l. . .
44
50
North Pennsylvania.
44
50
Or.Sh. Line all asst.pdfBostonJ.lOO
Pennsylvania A N. W. (Phila.). 50
Philadel. A Erie........
4
50
West End________ ...(B oston). 50
Preferred..............
44
50
United Cos. o f N. J .. (Phila.). 100
West Jersey A Sea Sh.
44
50
Western N.Y. A Penn
44
100
Wisconsin Central...(Boston). 100
44 100
Preferred...................
Worc’st.Nash.ARoch.
44
100
Bid.
Ask.
Tuesday,
Feb. 22.
;
s
i
5
2
l
l
l
2
2
2
2
2
•
2
2
98%
94°8
10%
30%
99%
23%
1
:
i
CD
O
£
►
>
%
!
2
2
2
2
2
;
2
2
70%
34ie
95
50
;
■
21 %
•
j
j
2
!
B onds.
Wednesday
Feb. 23.
Thursday.
Feb. 24
88
*80
82
22% 19
62% 59%
192
58
56
84% 79%
10
8l3ie
31
27
16% 14%
125 128
111%112
260 264%
176 177%
23% 24%
525 539
57% 57%
20
21
22
22
69%
33%
*90
49%
22%
41
130
22
105%
*1
120%125
110 112
247 259
172 175
22% 23%
520 524
56
20
Bange o f sales in 1898.
10 %
121% 123% 53,892 120% Feb.
306 110 Feb
950 247 Feb.
11,33b 149% Jan.
10,368 24% Feb.
28 489 Jan.
110 111
253 259
174%177
23
24%
523 525
*70
75
57
55% 55%
20% 2 0 % 2 0 %
21
21
*24
25
70
68
69
6 8 % 68 %
33% 31% 32
32
32%
........ *9« ____ *90
95
49% 48% 49
46
48%
*22
22% *21% 22
22%
41% 40
41
40
40%
130
123 128
128 128
22% 20% 21
20% 2 1 %
111
97% 102% 102% 104
35
35
34
36%
1%
*1
1%
*1
1%
Bid.
Bales
o f the
Week
Shares
Lowest.
Hignesc.
11 % "3,149 lo % Feb. 24 13% Feb. 7
*16
17
12% Jan. 11 17% Feb. 5
235 66 Jan. 4 75% Feb. 11
*72
73
4,07* 23 Jan. 17 24% Feb. 14
23% 23%
423 23 Jan. 8 24% Feb. 23
23% 23%
224 225
109 219% Jan. 3 221% Feb. 17
49 219 Jan. 4'225 Jan. 22
224 224
49 161% Feb. 25 171% Jan. 7
161% 162
9
9
16
9 Jan. I l l 9% Jan. 10*55% 57
54 Jan. 3! 56 Jan. 28
93% 94% 22*688 92% Feb. 24 103% Feb. 11
92% 92%
5,920 9 >% Feb. 24 97% Jan. 12
4,125
9
9%
9 Feb. 25 11% Jan, 31
28
29%
3,9
27% Jan. 4 33 Feb. 11
99
99
110 98% Jan. 3 100 Jan. 6
2 0 % 22
2,95
20 % Feb. 2
26% Jan. 3
134% 138 4
922 1307sJan..
16* % Feb. 11
5%
5%
1,439
5% Jan. 24
6% Jan. 12
*30
35
35 Feb. 1 35% Feb. 16
90
90
7 80 Jan. 10 93 Feb. 14
82
80
80
141 76% Jan. 14 8 1% Feb. 7
2'i% 2034 2 1 % 12.964 19 Feb. 24 28% Jan. 31
61
60% 61%
6,452 58% Jan.
63% Jan. 31
*192 192%
91 187 Jan. 13 193 Jan. 31
57% 56% 57%
7,33« 56 Feb. 24 60% Feb. 7
82
81%
80
9,659 78% Jan.
85% Feb 18
911x6
9% 14,36b 81%. Feb. 24 11% Jan,
9%
30% 10,089 25% Jan.
29% 29
36% Feb
15% 14% 15% 36,026 12% Jan.
17% Feb,
11% 11%
10% 11%
*____ 17% *15 ........
73
73% 72% 72%
23% 237i 23% 23%
24% 24% 23% 23%
224 224
221 224
222 222
164 164
163 163
* 9 % ........
9%
9%
*54
58
96% 98% 92% 95
93% 94
90% 92%
10
10%
9% 10
29% 30% 28% 29%
99% 99% 99
99%
22% 23
21
21%
145% 145% 140 140
5%
5%
*5%
6
88
*80
22%
61
192
57%
82%
9%
29%
15%
Friday,
Feb. 25.
Ask.
Boston United Gas, 2d m. 5 s ..1939
ICO
Burl.AMo. River Exempt 6s, JAJ
268 270
Non-exempt 6 s.......1 9 1 8 , JAJ
57% 58%
Plain 4s....................... .1910, JAJ
Ohio. Burl. A Nor. 1st 5,1926, AAO
52%
2d mort. 6 s . . . . . . . . . . . 1918, JAD
21
22
Ohio. Burl. A Quincy 4 s.,1922, FAA
12
15
Iowa Division 4 s . .. . . 1919, AAO
20
25
Chic.AW.Mioh. gen. 5s, 1921, JAD
155 158
Consol, o f Vermont, 58.1913, JAJ
255 260
Current River, 1st, 5s..1927, AAO
44
44% Det.Gr.Rap. A W .,lst 4s,1946. AAO
11
13
Eastern 1st mort 6 g.l906,M A S..
41
43
free,Elk. AM.V.,1st, 6S.1933, end.
25
30 I Unstamped, 1st, 6s, 1 9 3 3 ..........
84
86
K.C. C. A Spring.,1st,5g.,1925, AAO
50
54
K O. F.S. AM . eon.6s, 1928, MAN
42
K.O. Mem. A Bir.,1st, 28,1927, MAS
64%
K.
C. St. Jo. A C. B., 7 s..1907, JAJ
15
16
L. Rook A Ft 8., 1st, 7 s..1905, JAJ
42
44
Louis.,Ev.ASt.L.,1st,6g.l926,AAO
10
15
2m., 5—6 g .................1936, AAO
35
47
Mar. H. A Ont., 6s....... 1925, AAO
54
Mexican Central, 4 g . . .1911, JAJ
127 ISO
1st eonsoLincomes, 3 g, non-cam.
57%
2d consol, incomes, 3s, non-onm.
N. Y. A N.Eng,, 1st, 7s,1905, JAJ4
96* I 1st mort. 6s.................1905, JAJ
29% 30
Ogden. AL.C.,Oon.6s...1920,AAO
Inc. 6s.................
...1 9 2 0
"19“
Bn tland, 1st,6e........1 9 0 2 ,MAN 4105
82
82%
2d, 5 s . . . . . . . . . . . . ....... 1898,FAA f 99
103% 104
........ ,260
AtlantfoVilfy lst^sfg.®19^y^MAN
109
55 ___
Buffalo Ry. con. 1st, 5s.......... 1931
3%' 8% ¡Oatawlssa, M., 7 s ......1 9 0 0 , FAA 107%
1 I 2 Choc. Okla. A Gulf, prior lien 6s. 109%
3
5
General 5s...................1919, JAJ
89%
125 130
Citizens’ St,Ry.of Ind.,con.5s.l933
80
Columb. St. R y „ 1st, eon. 5s.. 1932
24
24
24
4
24
3
144% Jan.
116% Jan.
272% Jan. 14
161 Feb. 14
24% Feb. 2
530 Feb. 15
822 52% Jan. lo 57% Jan.
4,235 19% Feb. 3 24 Jan.
21C 21 Feb. 25 29% Jan.
26% Feb. 14 32 Jan.
386 6 1 Feb. 24 72% Jan.
4,170 3 j % Feb. 24 3 1% Feb.
84 Jan. 3 96 Feb.
723 46 Feb. 2
55% Jan.
78 20% Jan. 10 22% Feb.
416 40 Feb. 24 43% Jan.
112 127 Jan. 3 13» Feb.
5,735 18% Jan. 3 24% Jan.
28,442 97% Feb. 24 l «% Feb.
681 33% Feb. 8 42 Jan.
1 Jan. 13
1% Jan.
1 Trust reo.,all instai paid.
B onds.
19
3
10
10
5
7
15
29
8
7
7
20
18
4
3.
Bid. Ask
Pa.A N. Y. Can.,con. 5S.1939, AAO
People’s Trao. trust certs. 4S..1 94 3 102 ........
Perkiomen, 1st ser.,5a.l918, Q—J
Phila. AErie gen. M. 5g.,1920, AAO 120^ J.........
Gen. mort., 4 g .......... 1920, AAO 108 109
Phila A Read. 2d, 5 s ...1933, AAO
Consol, mort. 7 s......1 9 1 1 , JAD ........ ........
Gonsol. mort. 6 g ........ 1911, JA v
Ext. Imp. M. 4s, g., 1947.. AAO 104%
Con. M .of 1882, 4S....1937, JAJ 104% . . . . . .
Terminal 5s, g . . . . M1941, Q.—F. . . . . .. 118
Phil. Wilm. A Balt., 4 a .1917, AAO
Pitts. O. A St. L., 7 s ....1900. FAA 107
Reading Co. gen. 4 s...„,1 9 9 7 , J&J 82% 83%
Rochester Railway, eon. 5s ..1930 97 ___ w
Sohuyl.R.E.Slde,lst 5 g.1935, JAD 109
Union Terminal 1st 5 s .......F A A
. JBondS|—■Baltimore*
Atlanta A Chari., 1st 7s, 1907. JAJ 120
Baltimore Belt, 1st, 5s.1990, MAN 92
93
Balt. C. Pass. 1st 5 s ....1911, MAN 115
Balt. Traction, 1st 5 s ..1929, MAN 115 115%,
Exten. A impt. 6S....1901, MAS 107 108
No. Balt. Div., 5s....... 1942, JAD 116 117
Baltimore A Ohio 4 g., 1935, A&O 103
.........
Pitts. A Conn., 5 g ....l9 2 5 , FAA
Staten Island, 2d, 5 g.1926, JAJ
Receivers’ certificates, 6s..JAD 101% 102%
Do. Maryland Oonstruo., 5s........
Do. Pittsb. A Connells., 5 s.. JAJ
Do. Main Line 5s.................... .. ib*5*‘ io'0%.
Bal.AOhio S.W.,lst,4%g.l990, JAJ 100
OapeF.AYad.,Ser.A.,6g.l916, JAD 70
75
Cent. Ohio, 4% g ...........1930, MAS
Cent. Pass. ext. A imp.5e.l932,MAS 117
City A Sub., 1st 5 s ......1 9 2 2 , JAD. 115 L15%,
Chari. Col.AAug.ext.5s.1910, JAJ 107
L09
115
L17
103
104
MISCELLANEOUS.
Ga.Gar. A Nor. 1st 5 g ..l9 2 9 , JAJ 88
92
Allouez Min’g, asst pd(Boston) . 25
2
Georgia Pae., 1st 5-6S...1922, JAJ 120
L22
Amer. Ry. El. Light.. (Phila.)
5
103% 104
G«or. So. A Fla., 1st 5 s..1945, JAJ 100 I..00%
Atlantio M ining......(B oston). 25
31
120
Metrop.Sr. (Wash.) 1st 5s ’25, FAA 117%'
Bay State Gas ff. . . . . .
50
1% Easton A Am. lstM .,5s.l920,M AN n o
North. Cant. 6 s ............ 1900, JAo 106% 107
Boston L a n d .........
10
4% Eleo. A People’s Trao. stock, tr.otfs 82
82%
6a
................. 1904, JAJ 110
Centennial M ining...
25
10% Elmir. A Wflm.,1st. 68.1910, JAJ
Series A , 5 s .. . . . . . ....1 9 2 6 , JAJ 116
Fort Wayne Elect.IT..
25
1% Hestonvllle M. A F „ con. 5s..l924
4
%
s
..........................
1925, AAO 108
Franklin M in in g.....
25
14% Hunt. A B r'dT op,C on.5s.’95.AAO ........ 108** Pitts. A Connells. 1st 78.1898, JAJ 101
Frenohm’n’sBay L*d.
5
% K. C. Sub. Belt 1st 6 s...1920, JAD
Pitts.
United
Trao.,
5s...
1997. JAJ 101 101 %
Kearsarge M ining....
25
Kan.O. Pitts. A G .lst 5s. 1923, AAO
79
2d Ave. Traa (Pitts.) 5s, 1934,JAD 109 % 110
Marsden O o.............. (P h ila .)....
Lehigh Nav. 4%s...........1914, Q—J 114
Virginia Mia., 1st oa...i90t>, M&a n o
Mergenthaler lAaot..(Boston). 100
RR. 4s, g., 1914.................. ! c£ I f 109% _
2d Series, 6s------- ------ 1911 MAS 120
Osceola M in in g ......
44
25
General mort. 4%s, g.1924,w—F 105%
3d Series, 6 s ....« * ..„.1916, MAS 118
Pullman Palaoe Car.
44
100
¡Lehigh Val.Goal 1st 5s, g .1933, J AJ 95
96
4th
Series, 3-4-5s.......1921, MAS 98
Pennsylvania Steel.. (Phila.). 100
Lehigh Valley, 1st 6 s...1898, JAD 104% 105
5th Series, 5s.......... „.1926, MAS 107 % 108%
Preferred 1f... . . . . . .
44
100
2d 7 s . .. ...................... 1910, MAS
¡West
Va.
G.&P. 1st, 6 g .l9 1 1 , JAJ 109
Quincy M i n i n g Boston). 25
Consol. 6 ...... . . . . . . . .1 9 2 3 , JAD 117
Wilm. Col. A Aug., 6 s ..1910, JAD 118
amaraek Mining,. . .
44
25
Newark Passenger, oon. 5s...1930 n o i'Ü
MISCELLANEOUS.
^ at»r P o w e r...........
44
100
North Penn. 1st, 4S....1936, MAN 111
Baltimore Funding 5e. 1916, MAN 122 124
Westdngh. Elec. A M,.
44
50
1 Gen. M. 7 s . . « ....................1 9 0 3 , JAJ
117
Exchange 3% s............1930, JAJ 107% 108
Pref., cumulative..
44
50
[Pennsylvania gen .6 s,r..!9 1 0 , Var
Virginia (Stace) 3s,new .1932, JAJ
78 | 79%
. ^B o n d s - B oston,—
Consol. 6s, c ......................... 1905,Var
119
—
Ponded debt, 2-3s...... 1991, JAJ 70 I 70%
At. Top. A 8. F. general g. 4s, 1995
I Consol,J»B,r........... ..1919, Var
Chesapeake
G
a
s.6
s..—.
1900,
JAD
105%
106%
Adjustment g. 4s, 1 9 9 5 ..........
Gollat.Tr. 4% < ....... 1m s , JAD
Oonsol.Gas.Os..— — 1910, JAD 119 li9 %
Boston United Gas 1st 5 «.____ __
Pa. A N. Y. Canal,~7s... 1906, JAD
107% 5 « _________________„1 9 3 9 . TAJ 109% 109%
' Price Includes overdue coupons. ¥ Unlisted. § And accrued interest.
4io
THE CHRONICLE.
F e b r u a r y 26,1898.]
NEW YORK STOCK EXCHANGE FRIGES (Contlmied)— AO TIVE BONDS FEB. 2 5 AND FOR Y EA R 1 8 9 8 ;
KAIL KO X-D a SD
MISCELLANEOUS BOMDS.
Closing
Int'st Price IRange (sales) in 1893*
Period Feb. 25.] Lowest. | Highest
R a il r o a d an d
M is c e l l a n e o u s B o n d s .
Closing
Int'st Price Range (sales) <n 1898.
Period Feb. 25. Lowest.
Highest,
J & J 112
112 Feb. 1134 Feb.
A & O 957aa. 9 5 4 Jan.
9 3 4 Jan.
Metro. Elev.—1st, 6 g . . . . 1908 J A J 1184a. 1184 Jan. 11 9 4 Feb
2d.6s..............................1899 M A N *1044b. 1044 Jau. 105 Jan.
F A A 112
Lll Feb. 1164 Jan.
M AN
1
1144 Feb. 11.54 Feb.
M
A
N
106
b.
1064
Jau. 10 6 4 Feb.
OonsoL, 5 s ............. .....1 9 0 2
M A N 107
1
L0S4 Jan. 1 0 8 4 Feb.
96
A
&
O
9 9 4 Feb.
I
94 Jan.
JA D
87%
91% Feb.
i
8 5 4 Jan.
F
A
A
6 7 4 Jan.
604
60 4 Feb.
2d, 48, g ....................
1990
964
] lo. Pao.—1st,con .,6 g .....1920 M A N
94 Jan. 1004 Feb.
M
&
N
‘ 108 b. L074 Jah. 109 Jan.
3d, 7s................................1906
Pao. of Mo.—1st, ex., 4 g.l938 F A A 103 %a. L044 Jan. 106 Jan.
2d ext 5 s......................1938 J A J 1064b. 1064 Feb. 1064 Feb.
St. L.A £r.Mt.Ark. B.,5s.l935 J A D ‘ 107 b. 106% Jan. 108 Feb.
L074 Feb. 1104 Jan.
1st ext., g., 4 4 s . ....... .1917 F A A 1074
947g Feb,
88 Jan.
Gen. R’y Aland gr.,5g.1931 A & O 88
11478 Feb. 1foblleAOhio—New6g ...1927 J A D ‘ 120 b. L21 Jan. 123 Feb.
M
&
S
8 0 4 Feb.
7
7
4
76%
Feb.
1034 Feb.
General mortgage, 4 s .. 1938
93 Feb. ] rash. Oh. ASt.L.—1st, 7S..1913 J A J
L304 Jan. 1314 Feb.
115 Jan.
Consol., 5 g....................... 1928 A A O, 10438 103 Jan. 105 Feb.
.................. J». Y. Central—Debtext.4s.1905 M A N ‘ 104 b. 103 4 J an. 105 Feb
1st, ooupon, 7 s ...............1903 J A J 1164 116 Jan. 1174 Feb.
1204 Feb.
Daben.,5s, coup., 1884..1904 M A S 1114a. 1104 Jan. 112 Feb.
l ‘¿ 0 4 Jan.
N. Y. A Harlem, 7s, reg..l900 M A N 109 b. 1094 Jan. 1094 Jan.
117 Feb.
L21% Jan. 123 Jan.
R. W. A Ogd., oonsols, 58.1922 A & O 122
8 4 4 Feb.
West Shore, guar., 4 s....2361 J & J 1104 109 Jan. 1104 Feb.
105 Jan. 1I. Y. Ohio. A 8t. L.—4 g.,.1 9 37 A A O 10 5 4 1054 Feb. 1074 Jan.
93 78 Jan. : i. Y. Lack. A W.—1st, 6 s ..1921 J & J 138 b. 1384 Jan. 13378 Jan.
116 4 Feb.
Construction, 5s..............1923 F A A
A A O
109 Feb.
145 Jan. 150 J an.
M A S ‘ io o b. 9 7 4 Jan. 1024 Feb.
112 Jan.
J
A D 105 b. L074 Jan. 1084 Jan.
1014 Jan.
Consol., 1st, 5s, g ........... 1939
100 Jan.
Í.Y.SUS.A W.lstref.,5s, g.1937 J A J 107 b. 103 Jan. 108% Feb.
98 Feb.
Gen. 5 g ......................... 1940 F A A 9 1 4
123 Jau.
87 Jan.
Midland of N. J., 6s, g. ..1910 A A O
120 J an. 121 Jan.
1164 Feb.
85 Feb.
130. Jan.
lor. A W. Ry.—1st, oons.,4g.’96 A A O 81
79 Jan.
J A J 1184 116 Jan. 1 1 9 4 Feb.
108 Feb.
. io. PaoLtto—1st, coup. 6 g .li
954
9778 Feb.
113 Feb.
Prior lien, ry. A l.g. 4, g.1997 Q—J
94% Feb.
63 78 Feb.
General lien 3 g .........2 0 4 7 Q - F
1 0 6 4 Jan.
604
59% Feb.
J A J
89 Feb.
LOI Jan. 107% Feb.
JAD
81 a. 89 Jan.
1424 Feb.
8478 Feb.
15 Jan.
119% Jau.
11 Jan.
General mortgage, 4 g ..l9 2 1 M A N
J
A
D
109
121 Feb. i >regonImpr. Co.—Is t6 g ..l9 1 0
H034Jan. 1112% Feb.
117 Jau.
Consol.,5 g
..1939 A A O f 57
(4 6 4 Jan. 162 4 Feb.
117 Feb. 1>re.R.Axav. Co.—1st, 6g. 1909 J A J 115 a. 11238 Jan. 115 Jan.
91%
97 Feb.
9338 Jan.
RR. A Nav. consol., 4 g.1946 J A D
1154 Feb
115 Feb. 1)reg. 8h. Line -1 s t,6s,g.. 1932 F A A 122 b. 123 Feb. 12 7 4 Feb.
J 100
1st, eon. 5s, g.................. 1916 J
107 Feb.
9 6 4 Jau. 102 Feb.
64
63 Feb.
123 Feb.
Non-cumuL. ine. A, 5 s ... 1948 Sept.
58 Jan.
J A J 114 a. 113 Jan. 114 Jan.
145 Jan.
J & J (101 a. r9 9 4 Jan. 1994 Jan. ,
116% Jau.
1174 Jan.
Evans. Dlvlslon.G g. ....1 9 2 0 M A S
96 Feb. 96 Feb
2d mortage, 5 g . . . ....... . 1926 M A N
1114 Feb.
A A O
106% Jan. 109 Feb.
1184 Feb.
j A J 814
1104 Feb.
8 6 4 Feb.
; Co.—Gen., g. 4s .1937 J * J 33
107 Feb. -,
8 7 4 Feb.
8 2 4 Feb.
J A j * 84 b. 8178 Jan.
137 Jan.
8 6 4 Feb.
J A J
76 Feb.
70 Jan.
1174 Feb.
M A N 1154b. 115 ja n . 11 6 4 Feb.
General mortgage, 6 g .. 1931 J A J *1174b. 1164 Jan. 119% Feb.
106 4 Jan.
General, 5 g ...............
1931 J A J *102 4b. 1034 Jan. 105 4 Feb.
L03 Feb.
Railroad, 4 g ........ ........ .1996 J A J 73
72 Feb. 77 Feb.
138 Jan.
It. L. A So. W.—1st, 4s, g.1939 M A N
72 Jan.
7678 Feb.
734
8 7 4 Feb.
J
A
J
30
a.
30 Feb.
2d,
4s,
g.,
In
o
o
m
e
...
....19
3
9
Jciiii
2738 Jan.
lt.P. M. A M.—Dak.Ex.,6g. 1910 M A N
121% Jan. 122 Jau.
137 Jan.
J
A
J
*130
b.
lstoon sol.,6 g . . . ........1 9 3 3
123 Jan. 129 Feb.
MAN
97 a. 96% Jau. 9 8 4 Feb.
“
red u oed to4 4 g .. J A J 10740. 106 Jan. 1034 Feb.
A A 0 70 b. 73 Jan. 787a Feb.
Montana extension,4 g.1937 J & D 9 7 4
99 Feb.
9 3 4 Jan.
M A S *121 b. 1214 Jau. 1234 Jan.
Ian. Ant. A A. P.—lst,4g.,gu.’ 43 J A J 60 4
Col. & 9th Ave. gu. 5s,
593s Jan.
6 2 4 Jau.
96
M & S t 75 b. 174 Jau. 182 Feb.
lo. Oar. A ,Ga.—1st, 5 g ...l9 1 9 M A N
98 Feb.
95 Jan.
J A D * 55 b. 54 Jau. 6 1 Feb.
So. Paeldo, Aria.—8 g ... 1909-10 J A J 102% 1004 Jan. 104 Feb.
A A 0 *1104b. 110 Jan. 110 Jau.
‘ >. Paolho, Cal.—3 g . . , 1 9 "
( M A N *109 b. 1104 Feb. 1104 Feb.
1st oousol., gold, 5 g . . . . . 1937' M A N
96 4
97 Feb.
¡J A J 90 b. 8 9 4 Jan. 95 % Feb.
9 2 4 Jan.
A & 0
101 Jau. 110 4 Feb. So. Paoitto, N. M.—8 g .......1911.J A J 108 b. 1034 Jan. 10 8 4 Feb.
á/ill« OUt Oil« 06
J A J 105 b. 105 Jan. 1034 Feb. Southern—1st oons.g, 5 s .l9 9 i J A J 90
90 Feb.
9 4 4 Feb.
E. Tea a. reorg. lien 1-5S.1933 M A S
Eilson El. 111.»J A J
96 Jan. 100 Feb.
1154 jau . 117 Jan.
1
J
A
J
E.T.
V.
AG.—1st,7
g.,..1
9
l)0
106%b.
107
Jan.
l i A J 89%
93
Feb.
1064
Jan.
89 4 Feb.
Con.5 g...«M .‘. m ...■■1956 M A N 111
} J A J 70%
1104 Jan. 11 1 4 Feb.
70 Jan. 7 4 4 Feb.
Georgia Pao. Ist5-8s, g.,1 9 2 1 J & J 120
121
Feb.
( M A S *146 b. 1143 Jau. 147% Feb.
1184 Jan.
Knoxv. A Ohio Ist6 s,g ..l9 2 5»J A J 117
A A O 139
117 Jan. 1174 Feb.
139 Feb. 139 Feb.
>J
A
J
Rtoh.
ADanv.
oon.
6s,g..l915
. J A D 70
*125
a*
125
Feb.
75
Jan.
122 Jan.
70 Feb.
West. No.Oar 1st oon. 6s,g 1914:J A J
M A N 95 b. 92 Jau. 93 Feb.
112% Jan. 11 6 4 Jan.
I
F
&
A
Standard
RopaAT.,lst.6g.l916
56
61% Jau.
J A D 1004b. 1 0 0 4 Jau. 101% Feb.
56 Feb.
Tana. O. I. A Ry—Ten. D .lst, 6gï A A O * 84 b. 84 Feb.
86 Feb.
. A A C 79% 1 78 4 Jan.
80 Jan.
Birmingham Div., 6 g . . . 19177 J A J * 8 5 4 * 84 Jan.
87 Jau.
ì M A IS *102 a. ]1014 Jan. 102 Jan.
,FAA
1105 Jau. 105 Jan. Texas A Paoiflo—1st, 5 g..2 0 J0> J A D 9 9 4
9 7 4 Jhn. 102% Feb.
21, Inoome, 5 g
„2 0 0 0) March
3 M& JS *121 b 121% Jan. 1 2 3 4 Jan.
35 Feb.
23 Jan.
324
J MA S 874
90 Feb. T oled o* OaloOent. 5 g . . 1935j J A J 1044a. 1024 Jan. 104% Feb.
85 Jau.
3 J A B 100
99 Jau. 1034 Feb. Tol.St.L. AKan.O.—8 g . . . 19163 J * D *t86 b. 186 Jan. t90 Jau.
Union Paoiflo—6 g . ........1 8 9 33 J * J
3 A A C 78 b 7 8 4 Jan. 81% Feb.
103 J an. 103 Jan.
Ext. sinking fund, 8 .....1 8 9 99 M A £
50 Jan.
1113% Jan. tl34 4 P eb
5 J A | 50 a 45 Feb.
ColUt. tr. 6s, g. notes... 19022 F A A
9 Q—F 100 b 103 Jau. 1054 Jan.
{43 Jan. { 5 0 4 Feb.
New 4 s........................
93
92 Feb. 9578 Feb.
7 J * . r*118 a 1 1 5 4 ja u . 11 7 4 Feb.
Purchase money oerts
) J A « *108 %b 107% Jau. 109% Feb.
11178 Jan. 126% Feb
Kan. Pao.-Den.Div., 6 g . 18399 M A A
120 jan . 130 4 Feb.
3 J * I 1 120 a 119 Jau. 1204 Feb.
1st oonsols 6 g .. . . . . . . . 19199 M A N tio o b t8 4 4 Jan. tll5 4 F e b
7 J & I 105%a 104% Jau. 10638 Jan.
U.P.Don. A Golf,oon.,5 g. 19399 J A D>t 55% t4 8 4 Jan. t5 8 7a Feb.
1 A A C •111 b I l l Jau. 1114 Feb.
U.
8.
Leather—S.F.deb.6g.l9133 M A h 115 b 114% Jan. 116 Feb
3
M
*
1
120
b.
Lex. Av. A Pav.F.go. J
121 Feb. 1234 Jan.
i Q - J *118 b. 117% Jan. 120 Feb. Virginia Mid.—Gen.M.. 5s. 19366 M A h 1054 10 3 4 Jan. 106 Feb
Wabash—1st,
5 g . . „ ......1 9 3 99 M A J> 1034 1077s Jan. 110 Feb.
88
Jan.
3 J * I >‘ 87 b. 8 5 4 Jau.
2d mortgage, S g ..SM>,.«,19399 F A 1L 7 8 4
78 Feb. 82% Feb.
8 A * ( > 103 b . 1 0 2 4 Jau. 105 Feb.
West N. Y. A Pa.—1st, Sg.19377 J A r 1 0 8 4 ' 106 Jau. 1 0 3 4 Jan.
O J A . r 122 b. 12038 Jan. 122 Feb.
Gen. 2-3-43, g o ld ... . . . . . 19433 A A (> 52
48 Jan.
55 Feb.
r 10 6 b
OJ & i > 117 b. 117 Jau. 120 Feb. West.Un.Tel.-O ol.tr. 5S..19388 J <& 1*110 b. 109 Jan. l l l Jan.
Wise. Cent. Co. 1st 5s, g ...l9 3 77 J A lit 4L
9 1 4 Feb
t 3 3 4 Jan. 14 7 4 Jan.
O J A r 87®8
8 5 4 ja n .
N ote .—“ b” indicates price bid; “ a” price asked; the range is made up from sales. *Latest prioe this week. tTrust reoelpts. {62 4 % prln. pd.
Amor. O ottonO il,deb.,8g.l900 Q - F |106 b. 106 Feb.
Amer. Spirit Mfg., 1st 6g.l915 M A SI 75 a. 74 Jan.
82 Jan.
Ann Arbor.—lBt,4s, g -....1 9 9 5 Q—J | 84
904
8 9 4 Feb.
At.T. AS.F.—New gen. 48.1995 A A 0
5938
Nov.
576s Jan.
Aaj.istment 43....... ....1 9 9 5
120 Feb.
B,w ayA7thAv.-lst.con.g.58’43 J A D! ,120
Brooklyn Elev. 1st, 6 g ....l9 2 4 A & o; ! 86 a. 183 Jau.
Union Elevated.—6 g .... 1937 M & N t 811« t83 Jan.
92 Feb.
Bklyn Rap. Trans., 5 g..,.1945 A A O 94
Bklyn.Un.GasLjst.eon.5g. 1945 J A J 1121« 11 2 4 Jan.
97 Feb.
B’ klynWhrf&W.H—lst,5s,g. 45 F A A 97
10138 Jan.
Barf. R. A P.—Gen. g. 58.1937 M A S 108
109% Jan.
Canada Southern.—1st,5s,1908 J A J 110
M
A
S
1097aa.
1
0 8 4 Jan.
2d, 5b................................. 1913
dent, o f Ga.—1st, g., 53... 1945 F A A 118 a. 116% Feb.
M
A
N
83
Feb.
*
88
Cons., 5 b, g .....................1945
Central of N. J.—Oons.,7s,1899 Q - J *104 b. 10138 Jan.
M
A
N
113
b.
Consol., 7 s ...................1 9 0 2
General mortgage, 5 g ...l9 8 7 J A J 113%a. l i ó Jan.
Leh.A W.B.,oon.,7s,a3,d.l900 q - M 10334 100 Jan.
90 J an.
*•
mortgage5s.l912 M & N * 93
Am. Dook A Imp., 5 s....1921 J & J *114 b. 114 Feb.
Central Paoiflo.—Gold, 6 s.1898 J A J *103 b.
Exten. 5 g . . . . . . . . . . . . . . 1893 J A J *103 b.
Ohes. A Ohio.—Sor.A, 6g..l908 A A O *120 b. 120 Jan.
Mortgage, 6 g ............1 9 1 1 A A O 119 ‘ab. 120% Jan.
1st consol.,5 g . . . . . . . . . . . 1939 M A N 117 a. 114 Jan.
8 0 4 Feb.
General 4 4 s, g ..........1 9 9 2 M A S 81
R. A A .D lv,, lstoon ,, 4 g.l989 J A J *105 a. 10378 Jan.
*
2d eon .,4g.. 1939 J A J 94 a. 93 78 Jau.
Chic. Burl. & Q.~Con. 7s. 1903 J & J 11634a. 1154 Jau.
Debenture, 5 s.. ..» ...........1913 M A N 1071a 106 Jan.
M A S 111 a. 1104 Jau.
Convertible 5 s . . . . .........
Denver Division 4 s . .. . . _____ F & A 9.i%b. 99 Ts Feb.
98
9 7 4 Feb.
Nebraska Extension, 48.1927 M A N
Han. & St. Jos.—Cons.6s. 1911 M A S 122>a 1224 Jau.
J A D *116 b. 1164 Jau.
Ohio. A E. HI.—1st,s. f . 6s
A A O 129 b. 129 Jau.
Consol. 6 g . .............
M A N 104 b. 1014 Jau.
General consol., 1st 5s..
1114 Feb.
Ohloago & Erie.—1st, 5 g..iy»is M A N l l l i a
J
Ohio. Gas L. AO.—1st, 5g.. 19 37 & J 105 *a 1047e Feb.
Oh. Ind. A L.—Ref., g., 5S.1947 J A J 85 b. 83 Jau.
Ohio. M il.* 8t. P .—0on.7s.1905 J & J 140 b. 138 Jau.
J & J 12113a. L184 Jau.
J & J 121 *aa. 118 4 Jau.
J A J 116 >4 115% Jau.
J A J 115
1144 Jau.
J A J
1144 Jau.
J A J *115 b. 114 Jau.
J A J 106 4a. 10438 Jau.
J A D 125 a. 123 Feb.
Mil. A Nor.Q - F 14238b. 1424 Feb.
. 1164 Jau.
J A D
A A 0 117 4b. 1164 Jau.
A A 0 I l l 4a. 1114 Jau.
M A N 11778 1174 Jan.
M & N 109 b. 1104 Jau.
F A A ............ 105 Feb.
Êxtension, 4s . . . . . .
MAN
MU. L. Sh. & W., 1st,
1364 Jau.
F A A i ï é b. 1164 Feb.
Exten. A imp., 5g.
J A J 130 b.
J A J 105% 1054 Jan.
M & S 1074 106% Jan.
J A D 140 a. 136 4 Jau.
Chic. Ter. Transfer.—4 1
85 4
83 4 Jan.
A A O . . . . . . . . 102 4 Jan.
J A D 1344b. 135 Jan.
109 Jan.
77 Feb.
86% Feb.
94 Feb.
6 4 4 Feb.
1224 Jan.
(8 7 4 Feb.
(8 7 4 Feb.
97 Feb.
1144 Feb.
L004 Jau.
L06 Feb.
Lll Jan.
I l l Feb.
1194 Jan.
92 4 Jau.
104% Feb.
1
i
NEW YORK STOCK EXCHANGE PRICES—(Continued\—IN A C T IV E BONDS—FEB, 2 5 .
SECURITIES.
Bid
Ask.
Railroad Bonds.
(Stock Exchange Prices.)
Alabama Mid.—ls t,g ., guar.. 1928
Ateh. Topeka A San Fran.—
Equip, trust, ser. A, 5s, g „1 9 0 2 ......... —
Chicago A St. Lou.—1st, 6s. 1915
Atlan.Ave., Bklyn—Imp.g.5s.l934
■Atian. A Danv.—1st., a . 5 s... i »50 *95 io ó
SECURITIES.
Bid.
Bait. A Ohio—1st, 6s, Park B.1919 *118
5s, g o l d ................................. 1925
Cons, mort., gold, 5s..........1988
W Va. A Pitts.—ls t,g ., 5S..1990
Monon. River, ls t,g .,g .5 s ..l9 1 9
Cent’l Ohio Reo .—1st, 4 4 s . 1930 99*"
Col. Cin. A Mid.—1st, 443..1939
Ak.ACh.Juno.—Ist,g,5s,gu.l93<
B. A O 8. W .,1st, g .,4 4 s ...1990 * Ì 0 Ì 4
Oh* - «• iw*«8.—lstoon . 4 *... '0<>7
Ask.
SECURITIES.
Ohio A M.—2d consol. 7s. ..1911
Springfield Div. 1st 7 s......1 9 0 5
General 5s........ . . . . . . . . . . . . . 1 9 3 2
9§"
Brooklyn Elevated—2d, 5 s ... 19it
Seaside
A B .B .—1st,g,5s,gu.1942
.......
Brunswick A W’n—1st, g., 4 s .1938
Buff.R.A Pitts.—R. A P .lst,68.1921
Rooh A Pitts.—Cons.lst,68.1922
Clear. A Mah.—1st,gu.,g.,58.1943
lb s "
Butt'. A ausqueh —1st, 5s, «..1 9 1 9
1184
Bid.
Ask.
*1064 Ì0 7 4
*122
*122
*118
....... ..
THE CHRONICLE
(T o l . LX V 1.
NE W YORK STOCK E X CH A N G E P R IC E S .—/iV 4C T/F'£7 BONDS—{ContinuedJ—FEB. 2 5 .
8£O U Bm SB ,
Bid Ask
SEOURITIE8.
Bid. Ask.
SECURITIES.
Ask
Bid
Burl. Ced.Rap. A No.—1st, 5 b. 1906
1081« Erie—5th extended, 4s ......1 9 2 8 104 105 Northern Paoiflo—
ConsoL A eollat. trust, 5 s.. 1934 108%
1st, con., g., f d , 7s.. . . . . . . . . 1920
8t.Paul AN . P.—Gen., 6 s ..1923 *128 *«
Mian. A St. L.—1st, 7 a ,gu ..1927
B. N. Y. A E.—1st, 7 s .......1 9 1 6 *141%
Norfolk A South’n—1st, 5 s,g.l9 4i 104*«
Oed. Rap. I. F. A N „ 1st, 6S.1920
Bufi. 4c 8. W.—Mortg. 6s....1908 *114
Norfolk
A West.—General, 6S.1931
1st 5s..................................1921
/efierson—1st, gu. g 5s ....190 9 *105
New River 1st 6s ............... .1932
0 nt. RR. * Bant.—Col. g.5s.l9o7 911«
Coal A RR.—6s.................. ..1922
Imp.
A
Ext..
6s......................... 1934
Gent. Ry. o f Ga.—
Dank A Trni)t..1 sfc 6s. eur'oy.l 913 *11*5*
Col. Conn. ATer..lst,gu.g.5s.l922
41
1st, pref. Income, g., 5s ....1 9 4 5
N.Y. 4c Gr’nw’d L.—Gu.g.5s.l946
Scioto
V.AN.E.—1st,gu.g.4s.l989
131« Evans, A T.H.— ist, cons., 6s. 1921
2d, pref. Income, g., 5s .....1 9 4 5
Ohio River RR.—1st, 5s, g ___193< 104
8d, pref. Income,g., 5 s ......1 9 4 5
1st, general, g„ 5 s ............... 1949 81%
..1937
Gen, g .,5 s..............
Mao. A Nor. Div., 1st, g., 5s. 1946
Mt, Vernon 1st 6 s ...............1923
Omaha A St. Louis.—1st, 4 s ..1937 74'
Mobile Dlv., 1st, g., 5s____ 1946
Snl. Co. Br. 1st, g., 5s..........1930
Ore.
Short
Line—U.
AN.lst,7s.l90P
115
ent. o f N. J.—Cony, deb., 6S.1908
Evans. A Indian.—1st, eons.. 1926
Gold, 5s...............................1926 100
ent. Pacific—
Flint 4cP. Marq.—Mort., 6s,. .1920 1141« 115*« Non-cum. lno. B. and ooL trust.
43
45
Speyer* Co.otfs, A B O D ..1899 103 104
1st, oon. gold, 5 s ................1939
Fenn-P.O.C. ASt.L.0n.g.4%sAl 94<
Gold 5s, series E ....... .......1 8 9 8 *103 104
Pt. Huron Div.—1st, 5s ....1939
93'
Do
do
Series B 1942
113
San Joaquin Br., 6s............. 1900
Fla. Cen A Pen.—lstg . 5 s ....1918
Do
do
Series 0 1942
tfort. gold 5s.................. ....1 9 3 9
1st, 1. g.. ext. g., 5s..........1 9 3 0
Do
do Series D, 4s, 1945
1001«
Land grant, 5s, g.................1900
1st oon. g„ 5 s ........................1943
P.C.AS.L.-lBt,0.,7s.
. . . . . . . . .190f
OaL A O. Dlv., ext., g. 5s. ..1918
Pt. W. A Rio Gr.—1st. g., 3-4S.1928
60
Pitts. Pt. W. A 0.—1st, 7 s...1912
«Test. Pacific—B onds,6s....1899
Gal. H.&H. of 1882.1st,5s...1913 *91
.................................
1912
2d,
7
s
No. Railway (Ca’ .)—1st, 68.1907
Ga. A Ala., 1st, pref., g. 5 s ...1945
Sd, 7s................................... 1912
50-year 5 s . .. . .......... ........ 1938
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Oh.St.L.
AP.—lst,eon.5s,g...
1932 118
Cent. Washington—1st, g., 6S.1938
Olev. A P.—Cons., s. fd., 76.1900 109
Ohas. 4c Bay.—1st, g., 7S........ 1936
►1 .....
Gen.
4*«s,
g.,
“
A”
..........
194?
Ones. 4c O.—Par. M. fund, 6 s.1898 *120
2 ..... .......
Do
do
Series B 1942
Oralg Valley—1st, g., 5 s ....1940
2-10 g., 4s.
14 ......
Bt. L.V. A T. H.—1st,6s., 7 s.189 102
Warm Spr. V a l.,ls t, g. 5 s ..1941
»0 ___ ........
2d,
guar.,
7
s
.
..
.................1898
103
*Í023¡
Ellz. L.A Big Sandy—G. 58.1902
103%
¡1 .....
Gd.R.AI.Ext.—1st,4*«s,G.g. 1941
OMcago 4c Alton—B.F., 6 s ....1903 112*1 .........
1 .....
Alleg.Val.—Gen.,
gu.,
4s,
g.1942
Iiouls. A Mo. River—1st, 78.1900
1 .....
N.ACin.Bdg., gen.gu.4*«8,g.l945
Sd, 7s.................................. 1900
4 __
Penn.RR.—1st real. est. g. 4s.l923
St. L. Jacks. 4c Ohio.—2d, 7S.1898
3 *116
Cle.A Mar*ta—lst.gu.g.4%s. 1935
Mlss.R. Bridge—1st, s. f., 6S.1912
St. Louis So.—1st, gd. g. 4
1 ......
UnitedN.J.RR.AO.-Gen.4s.l944
O
OUc. Burling. A Q.—5s, s. f ..1901 103%
Oar. AShawt.—1st g. 4s..
D. Klv.RR. ABdg—lst,gu.g.4s.’36
Iowa Dlv.—Sink, fund, 5 s ..1919
Ind. Deo. A W.—1st, g., 5s..
5 i0O 104** Peoria A Pek. Union—1st, 6s .1921 121
Sinking fund, 4s.......... .. 1919
Ind. m s. A Iowa.—1st, g, 4s
9 ......
2d mortg., 4*«s................
192185
Plain, 4s.................................1921 *93
1st, ext., g. 5 s ...................
3 ____
Pitts. Oleve. A Tol.—1st, 6 s... 1922
Chicago A Iowa Dlv.—5 s ...1905
Int. A G. N’n,—3d, 4s, g . . . .
1
60
Pitts. A L. Er.—2d g. 5s, “ A ” .1928
OhleJ Burl. A Nor.—1st, 5s.. 1926
HO' Kings Co.-F.El.,lst,5,g.,gu..
9 37
38
Pitts. Mo. K. A Y.—1st os.....1932
O otic. * Indiana Goal—1st 5 s.1936
Lake Erie A West.—2d g., 5
1 102% —
Pitts. Palnsv. A F.—1st, 5 s ...1916
Chic.Ind. 4cL.—Ref. g .,6 s ....1947 100
5 * ....... 103% Pitts. Shen. AL.E.—lstoon.5s.1943
Oh.Mll.ASt.P.— st 7s,$g.,R.D1902 140 143
8 ......
Pitts. A West.—M. 5s, g. 1891-1941
l s i , l . 4c D .,7 s......................1899 140 143
6 . ... ....... Pitts.Y’gst’nAA.—1st, 5s,oon.l927
lst ,0. A M., 7s......................1903 140 143
9 *106
Rio Grande So.—1st, g., 3-4s.l940
¿St,(I. 4c D. Extension, 7 s ... 1908 140 143
1 ...... ..... St. L. A S. F.—2d 6s,g., ol. A .1906 115*«
1st, La C. A D av., 5 s . .. . . . . 1919
Kal. All. A G. B.—li
8 *120
2d, 6s, g., class C ................. 1906 115*«
1st, H . 4c D .,7 s.................... 1910
132*«
Mahor’ g CoalRR.4 *118%
1 st,trust, gold 5s.......... . 1987
1st, H. 4c D .,5 s.................... 1910 *106%
Lehigh YaPy(Pa.)—C
7 ... ..
Ft.
S. A V . B. B g.—1st, 6 s ...1910 105
Ohioago A Pacific Div., 6s.. 1910
122
i0 5 ”
0
103
Kansas Midland—1st, g. ,4s. 1937
Mineral Point Dlv. 5s......... 1910
3 ......
Southwest
Dlv., 1st, g. 5s.. 1947
96
0. 4c L. Sup. Dlv., 5s............1921
5 .....
92
St. Paul City Ry, oon. 5s, g .„1 9 3 7
Fargo 4c South., 6s, A ssn... 1924 ....... ........
4 ......
Gold
5s,
guar
.
.
.
.
.
.
.
.
.
.
.
.
.
.
1
9
3
7
luo. oonv. sink, fund, 5 s ....1916 105
4 ..... . ..... St. Paul A Duluth—1st,5 s ....1931 116*8 ~
Dakota 4c Gt. South., 5 s ....1916 111*« i.13*« Lltohf. Car. A West.—1st 6s
B ____
2d mortgage 5s.......... ......... .1917 108 112
Mil. 4c Nor. main line—6 s ...1910
125
Little Rock A M.—1st, 5s
7 ......
St. Paul Minn A M.—2d M, 68.1909
0 Wo. ANorw.—30-year deb.5s.192i
Long Island—
Minneap.
Union—1st 6s__ 1922
Gen. g., 3*38 ......................... 1987 "100 103
Ì 102
Mont. Cen.—1st, guar., 6 s ..1937
Bsoanaba <seL. S. 1st, 6s....1901
2
90
1st
guar.
g. 5s.................... 1937 109
Des M. A Minn.—1st, 7 s ....1907
2 ........
East. Minn., 1st dlv. 1st 5s. 1908 108
Xowa Midland—1st, 8s........ 1900
7 ......
WOtr
ar
ABiouxF.—1st,
g,5s.l933 111
Ohio. A Milwaukee—1st, 7S.1898
2d mortg.. in o....'.
7 ...... .......
in Fran. A N. P.—1st, g., 5s.l919
Win. 4c St. P.—2d, 7s............1907
N.Y.B.AM.B.—1st oc
5 .......
MU. A Mad.—1st, 6s............1905
BrookTnAMontauk...... .......
Ott. O. P. 4c St. P.—1st, 5s. 1909 109
......... .....
Northern IU.—1st, 5s.........1910 *109
No. Shore Br.2 ____ .......
MU. L. S.4cW.—Con.deb.,5s.l907
) .....
Gai.Har.ABan Ant.—1st,6s. 1910
109
Mich. Dlv., 1st, 6s............. 1924
7 107 ........
2d mort., 7s........................1905
Ishland Division—1st, 6s 1925
E. H. A Nash.—1st 6s, g ...
J 115
Hous. A Tex. C. Waco AN. 7s. 1903 125
Oh.RJ.4cP—D.M. AF.D .lst 48.1905
) *107%
1st g., 5s (int. gtdj............1937 109*«
1st, 2%s..............................1905
70
........
Cons. g. 6s (Int. gtd)........ 1912 106
Extension, 4s.................... 1905
Morgan’s
La. A T.—1st, 6s..1920
Keokuk 4c Des M.—1st, 5s.. 1923
*106% ......
1st, 7 s .................................1918
OWc. St. P. & Minn.—1st,6s.. 1918
8. f.,6s.—8. A N. Ala.
.......
Oregon
A
Califor.lst, 5s, g.1927
Bt. Paul AS. C.—1st, 6s.......1919
104
Texas A New Orleanslst.7s.1905
Ohio. A W. Ind.—1st, s. f., 6 s.1919 105
Pens. A A t .- 1st, 6s, gold.
*104%
SaDine
Division,
1st, 6 s ...1912
Gen. g., 6s.............................. 1932 122
Consol. 5s. g .____ _____ ..1943
105
Ghlc. A West. Mich.—5s........ 1921
*106
Austin
A
N.W.—1st
gu g.5s.1941
0>n Ham. 4c D.—Oon. s. f., 78.1905
98
£ outhern—Ala. Cent., 1st 6 s.1918
2d. gold. 4%s.........................1937
'9
7
"‘
Atl. A Char.—Inoome, 6 s...1900
Oln. D. 4c Ir’n—lst.gu. 5s, g. 1941 llOis 112
Kentuoky Central—4s, g_.
87%
Colum. A Green.—1st, 5-6s.l916
City 4c Sub. (Balt.)—1st, g., 5s. 1922
L. AN.—Lou. C. AL.—g. 4%s
*107
E. Tenn.V. A Ga.—Divls.5s 1930
115
Glev.Ak. 4c Col.—Eq. A 2d 6s. 1930
Lou. AJeft. Bdge Co.—Gu. g,4s
Rich.A Dan.—Eq. s. f. g. 5 s.1909 100
01ev.4cCan.-Tr.otfs.forlst5s.1917
LouisvUle Ry—1st, oon.,g.,5s
Deben. 5s, stamped ......1 9 2 7 100
0 .0 . C. A Bt. L.—Gen., g. 4 s ..1993
98% Mexican Cent. Consol.—4s, g.1911
Vlr*a Mid.—Serial ser.A, 6s. 1906
Cairo division, 4s.................1939
1st, cons, income 3s, g ,.....1 9 3 9
Series B, 6s..................... „1 9 1 1
Spring^ACoLDiv.—lst,g. 4s. 1940
2d cons, income 3s, g ........ 1939
Series G ,6 s.._ ..........
1916
WhlteW.VaLDiv.—lst,g. 4s. 1940
MexJnternat.—1st,oon.g.,48.1977
Series D, 4-5s . . . . . . . . . . . . 1 9 2 1
-----01n.Wab.4cM.Div.—Ist,g.4s.l991
Mexican
National—1st,
g.,
6
s
-----Series
E,
5s
....................
..1926
Oln. I. St. L. 4c 0.—1st,g.,4s.l936
2d, inoome, 6s, “ A” . . . . . . . .
Series F, 5 s . . . . . . ..........1 9 3 1
Consol, 6s............... .......... 1920
2d, income, 6s,“ B
Gen., 5s, guar., stamped .1936 105*«
.......
01n.San.4cCl.—Con.lst,g.5s, 1928 110
Mexican Northern—1st,g.,'6s J9 1 0
Wash.O.
AW.—1st our.gu.4s.1924
Indiana B. 4c W.—1st pf.7s.1900
110 Mlohlgan Central—6s........ ..1909 *120 ....... 8
Ohio Ind.4cW.—Istpref.5s..l938
*124 ___ 1Jer. As’n of St. L.—1st, 4*«s.l939 *110
?eor. A East.—Income 4s ..1990
*107
1st, oon. g. 5 s . . . . . . ...1894-1944 106
0 . Col Oln. A Ind.—1st, 7s,s.f.l899 105 106*6
8t.L.Mer.Br.Term.,g.5s,gu..l930
Consol, sink, fund, 7 s ......... 1914
142**
1
Oln. ASpr.—1st,C.O.C.AI.7S. 1901
Iowa Extension, 1st,7s.......1909
___ 1
Oleve. Lorain A Wh.—1st, 5 s.1933
Southwest Ext. -1st, 7s.......1910
....... 1
122*«
Oleve & Mah. V.—Gold, 5 s.. .1938
Paoiflo Ext.—Is 1,6s............ 1921 *122% ....... 1
001. Mid. 1st, g., 6s. asstd___1936
65
66
M o.K.ATex.—1st, ext., 5s, g 1944
...... 1
-1st, g., 48.1917 71
75
Tr. etfs., oon.,4s,2d ass’tpd.1940
k
Mo.K.4cT.of Tex. 1st,gu. 5s. g. Ì942
83% l
101 103%
Del. Lack. A West.—Mort. 78.1907 126’
Kansas City A P .,lst,4 s,g ..l9 9 0 *72*' ...... I
Syi'a. «m g . 4c N. Y.—1st, 78.1906 124
Dal. A Waco—1st, 5 s,gu ... 1940
84 l
M irris A Essex—1st, 7s___1914 140
Missouri Paoiflo—Trust 5a.. 1917
6s. tr. reo. ex mat. c o u p ....1897
79
Bonds, 7s............... ........... 1900 106
1st ooU., 5s, g ......................Jl920
6s, tr. reo. ex mat. cou p....1 89 8
Ts of 1871...........................1901 112
St.L. A I. M.—2d ext. g.r 5s.l9 46 105
6s, tr. reo. ex mat. coup....1 8 9 9
.....
1st, con., guar., 7s............1915 140
Mobile A Ohio—1st ext., 6s... 1927 *115
Oollateiai Trust, tis.......„..1 9 0 8 100
Warren—2d, 7 s .................... 1900 108
Bt. L. A Cairo—4 s,g u a r.... 1931
Collateral Trust, 5s............1907
75
D.&H.Can —Pa.Div.,ooup.7s.l917 146%
Nash. Chat. A St. L.—2d, 6s.. 1901 .........
Kansas
Paoiflo—1st 6s, g .„1 8 9 5
.......
A'bany 4c Susq —1st, gu.,7s. 1906 *123
N. O. A. No. E.—Pr. 1., g., 6s..1915
1st,
6
s
,
g
.
.
.
.
„
.................
„1
8
9
6
1st, cons., guar., 6s.......... 1906 116
N. Y. Central.—Deb. g. 4 s ....1905 103%
0. Br. U P. - F . 0., 7s.......... 1895
65
Bers. A Sar. 1st, soup., 7s,1921 146
N. J. Juno—Guar. 1st, 4 s ...1986 102
Atoh. Col. A Pac.—1st, 6 s...1905 35
Denv. Tramway—Cons. 6s, g.1910
Beech Creek—1st,gold, 4 s.. 1936 *105
U. P. Lin. A Col.—1st,g., 5s. 1918 35
Metropol. Ry ~ lst,gu . g.6s.l911
1117. Yfabash—Debenture, Ser. A .. 1939
^ ^ T 2^ 8’ S-.gu.1915
Denv. A R.
I u p g .,5 s ...1928
Utica A Bl. Riv.—4s, g „ gu.1922
Debenture, Series B ............1939
Des Moines Un.Ry.—I&t,g.5s.l917
95
?
&
lu
.
1993
Det. A Ohio. Ext. 1st, 5s, g .1940 100 105
Det.M. 4c M.—L. g. ,s,ser.A.1911
N.Y. A Northern—1st, 5s,g.l927
St. L.K.O. AN.—St.O.Bdge6s. 1908
Dat. A Mack.—1st Uen, 4s,g.. 1995
N. Y. N. H. A H .~ let, rev, 4 s.1903
4s, g o l d . . . . . . . . . . ................1 9 9 5
Housatonio—Cons, gold 5s. 1937
.....
Erie—1st, ext. g. 4s................. 1947 *113
„ N.Hav’nADerby,Oens.5s.l918
....... Y
AL.E.—1st. 5s, g o ld ...1926 101
¿a. extended, 5s ..................1919
N. Y. Susq. A Wèst.—2d, 4% s.l937
Wheeling Dlv., 1st, 5s, g ...!9 2 8
44, extended, 4 % s ..„ ...........1923
Terminal, 1st, g. 5 s ............1943 * " ! " ! i 1*1% Extension A Imp, g., 5s.....1930
4th extended. 5s
1920
W llk .A E ast.—l8 t .c ,td..<r.Ss. 194.2
99 1W ” int.. Income 5 » ............1937
* No price Friday ; these are^the.latest quotations made this week.
mi
-February 26, 1898. J
THE CHRONICLE
imnestmml
AND
Roads.
417
Latest Gross Earnings.
Week or Mol 1897-98.11896-97
Jan. 1 to Latest Date
1897-98.
1896-97.
S
tlnteroo. (Mex. Wk. Feb. 5
64,700
52,020
318,300
247,490
Iowa Central.. 3d wk Feb
39,109
36,817
Iron Railway... January.
3,498
3,695
3,498
*3,695
Jaok. T. A K. W January...
30,262
26,985
30,262
26,985
KanawhaAMich 3d wk Feb
8.997
8,523
70,168
68,674
K.
O.F.Scott
AM.
2d wk Feb
92,653
RAILROAD EARNINGS.
80,441
530,418
462,429
K.C.Mem. A Blr. 2d wk Feb,
35,215
24,652
197,596
158,574
The following table shows the gross earnings of every Kan. O.N. W . „ . January...
34,575
29,606
34,575
29,606
s t e a m railroad from whioh regular weekly or monthly returns Kan.City A Om. 2d wk Feb,
5,875
7,438
37,023
34,506
O.Pitts.
G ..Feb,
3dA
wk
65,227
25,859
can be obtained. The first two columns of figures give the K.
446,180
172,669
Kan.C. Sub. Belt 3d wk Feb,
9,100
6,539
62,324
44,170
gross earnings for the latest week or month, and the last two Keokuk A West. lstwk Feb.
7,884
7,488
40,568
34.681
columns the earnings for the period from January 1 to and L. Erie A West. 3d wk Feb.
66,983
477,722
451,481
Lehigh A H ud.. January... , 30,407 , 68,752
inoluding suoh latest week or month.
25,502
30,407
25,502
Lehigh Val. R R . December. 1.539,113 1.551,340
The returns o f the street railways are brought together sep Leh. V. Goal Co. Deoember. 1,508,977
1.459,762
arately on a subsequent page.
Lex’gtonAEast. Deoember.
15,306
16,649
204,077
194,894
Longlsland RR. January... 226,498 195,670
226,498
195.670
Long
Is.
System
Latest Gross Earnings.
January... 235,259 202.773
Jan. 1 to Latest Date
235,259
202,773
R oads.
Los Ang. Term. January...
8,320
4,738
8,320
4,738
WeekorMo 1897-98. 1896-97
1897-98.
1896-97. Louls.Ev.ASt.L. 2d wk Feb.
30,603
25,719
177,032
149,223
Lou. H. A St. L.. lstw k Feb.
7,859
7,434
45,090
41,157
S
Louis y. AN ashv. 2d wk Feb. 430,185 387,385
9
2,632,290 2,371,261
A dirondack..... Deoember
23,343
17,730
207,979
5,709
196,545 Macon A Birin.. January...
5,667
5,709
5,667
Ala. Gt. South.. 2d wk Feb.
34,057
Manistique....... Januaiy...
31,604
234,298
10,640
198,519
10,123
10,640
10,123
Ala. M idland... Deoember.
68,799
57,246
694,722
28,970
640,356 MemphisAChas. lstwk Feb.
18,559
187,659
122,228
Ala. N. O.Tex. A Pao. Juno.
tMexioan Cent.. 3d wk Feb 252,278 245,369 1,835,471
1,817,924
N. O rl.A N . E. January... 133,738 116,58«
133,738
116,588 Mexican Inter*L Septemb’r. 242.188 214,844 2.259,747 2,110,013
Ala. A Vioksb. January...
73,925
tMex. National. 3d wk Feb. 115,407 112.773
54,372
73,925
54,372
809,516
717,173
Vioks. Sh. & P January...
67,354
Mex.
Northern.
52,006
67,354
Novemb’r.
39,036
52,006
36,897
537,177
662,008
Allegheny Val.. January... 212,760 177,398
212,760
80,500
177,398 (Mexican R’way Wk. Feb. 5
69.000
388,000
346,000
Ann Arbor........ 3d wk Feb.
33,934
Mexican
So.......
21,963
228,209
lstw
k
Feb.
12,475
159,993
13,970
72,741
67,867
Ark. Midland... Deoember.
14,036
12,408
122,836
33,890
96,476 Minneap.ASt.L. 3dw k Feb.
32,367
240,272
228,783
Atoh.T. A S.Fe.e January... 2,860,448 2,463.930 2,860,448
M. 8t.P.AS.8t.M. 2d wk Feb.
fr
5,471
2,463,930
56,362
384,603
311,055
Atlanta & Char Novemb’r. 143,489 163,724 1,515,568
1.447,384 Mo. Kan. at Tex. 3d wk Feb. 210,967 224,093 1,649,089 1,632,403
Atl. Knox. A No, J anuary...
25,020
19,010
25,020
19,010 Mo. Pao. AlronM 3d wk Feb. 470.000 434.000 3,378,114 2,981,087
Atlanta A W. P. Deoember.
58,603
Central
Br’oh.
52,214
566,167
3dw
k
Feb.
24.000
531,430
21.000
167,354
141,415
Allan. A D anv.. 2d wk Feb.
12,291
Total............ 3d wk Feb. 494.000 455.000
9,680
67,174
57,341
3,545,468 3,122,502
Austin AN'«rest December.
17,975
27,651
178,039
8,788
273,581 Mobile A Birm.. 2d wk Feb.
5,252
Balt. A O hio... J anuary... 2,017,851 1.950,844 2,017,851
1,950,844 Mobile A Ohio.. January... 372,200 322,798
372,200
322,798
Bal. AO . Sou’ w. 3d wk Feb. 129,461 117,246
884.434
826,255 Mont.AMex.Glf J anuary... 127,865 101,414
127,865
101,414
Bath A Ham’nds Deoember.
4,094
Nash.Oh.ASLL. January..
3,101
39,697
462,072
38,675
413,051
462,072
413,051
Bur. A Atlantic. January...
Nel.
A
Ft.
Sh’p’a
1,969
1,559
1,969
October...
13,114
1,559
7,718
Brunsw’kA Weat December.
51,3. .
48,008
580,606
4,447
601,125 Nevada Central. Novemb’r.
3,004
37,757
32.741
Buff.Rooh.&Piti 3d wk Feb.
60,783
58,933
463,540
427,236 N. Y .O .A H . R .. January... 3,505,435 3,139,943 3,505,435 3,139,943
Buffalo A Susq. January...
N Y.Ont. A W .. 3d wk Feb
40,466
37.063
40,466
58.901
37,063
63,514
448,791
434,264
Bnr.O. Rap. AN. 2d wk Feb.
78,581
N.Y.Susq.AW
..
80,608
454,768
January...
196,551 180,475
461,459
196,551
180,475
OanadlanPaoifio 3d wk Feb, 351.00
310,000 2,784,000 2,277,924 Norfolk A West. 3d wk Feb
210,137 181,221 1,494,306 1,386,098
Oar. Midland... January...
4,405
5,119
4,405
7,933
5,119 Northes’n(Ga.). Novemb’r.
7,648
60,019
59,692
Gent, o f Georgia 2d wk Feb. 117,649 124,809
744.435
750,910 North’n Central January... 506,536 525,8«6
506,536
525,886
Central o f N. J. Deoember.
13,212,772 13,117,350 North’n Pacific 2d wk Feb, 321,931 239,781 2,0w5,959 1,415,697
Central Pacific. Deoember 1,141*,95Ï 945,612 14.173,604 12,453,953 Ohio River........ 3d wk Feb.
14,793
14,121
116,925
110,439
Oharlest’nASav. Deoember.
52,072
48,433
600,249
556,589 Ohio Riv. AChas January...
15,635
15,359
15,635
15,359
Char. A W. Oar. Deoember.
Ohio Riv. A L.E, iJanuary...
72,260
2.000
2,360
2,000
2,360
Ohes. A O h io.... 3d wk Feb
225,967 193,927 1,612,731 1,500,030 Ohio Southern.. 'January...
67,889
44,925
67,889
44,925
Ohio. Bur. A Q.d December 3,476,546 i,955,052 39,890,256
34,176,454 Om.Kan. O. AE. lstw k Feb.
13,887
11,580
80,962
57,567
Ohio. A East. 111. 3d wk Feb
79,167
76,896
602,054
584.736 Oreg.RR.ANav. 2d wk Feb. 103,518
59,483
710,280
431,689
Ohio. Gt. West’n 3d wk Feb
102,390 102,546
668,170
616,985 Oreg. Sh. Line.. Deoember. 531,082 473.591 5,969,008 5,578.873
Chic. Ind. A L .. 2d wk Feb,
Pao. C oa stR y .. Deoember. 349,857 2 jo.946 3,978,173
55,782
49,400
330,274
291,578
3,238,239
Ohlo.Mll. A St.P. 3d wkFeb. 573,607 524,213 4,098,267
Paoiflo
M
ail.....
Ohio. AN'thw’n. January... 2,561,557 1,096,136 2,561,557 3,575,679 Pennsylvania. J. Deoember. 327,076 3- 8,a80 4,179,483 3,968,503
December. 5,617,804 5.192,804 64,223,176 62,096.576
2,096,136
Ghio.Peo.A8t.L. January...
76.000
63,861
76.000
63,861 Peoria Deo. AEv. 2d wk Feb.
18,087
19,255
107,730
111,309
Ohio. K'K L A P .. January... 1,238,458 ,020,807 1,238,458
Petersburg........ Deoember.
44,047
1,020,807
40,907
563,948
549,845
Ohle.St.P.M.AO Deoember. 727,344 659,953 8,652,793 8,156,192 Phila. A E rie.... Novemb’r.
496,164 476,596 4,255,057 4,161,177
Ohio.Ter.Tr.RR 2d wk Feb.
22,619
19.366
135,010
142.736 Phila. A Read... J anuary... l,724,472i_________
871 1,724,472 1,509,871
Ohio. A W. Mich. 2d wk Feb
Coal A Ir.Oo.. January... 1,944.401 1,509
32,726
27,886
162,403
143,823
1,694,066 1,944,401 1,694,066
Ohoo. Ok. A Gull 4th wk Jan
Tot. both Oo’ s. January... 3,668,873 3,203,937 3,668,873
26.000
18,000
92.000
,57,000
3,203,937
Gin. G. APorts’tb January...
4,500
4,184
4,500
4,184 Ph. Read. AN.E. Deoember.
57,952
55,127
664,836
687,417
Oln. N.O. A T. P January... 332,835 263,283
332,835
263,283 Phil. Wilm. A B. Deoember. 744,903 675,803 8,942,149 8,881,721
Cln.Ports. A Yir, 4th wk Jan
6,277
5,038
20,087
17,597 Pitts.C.C.ASt.L. January... 1,314,595 1,084,420 1,314.595 1,084,420
Olev. Can. A 8 o .. lstw k Feb,
11,415
10,645
65,467
52,369 Pitts.Lisb.AW’n January...
4,187 ’ 3,796
4,187
3,796
Ol.Cin.Oh.ASt.L 2d wk Feb. 269,112 246,365 1,640,756
62.655
1,549,450 Pitts.Bes.AL.E. January...
33,115
62,655
33,115
Peo. A East’n. January... 147,048 125,407
147,048
25,7
125,407 Pittsb. A Wes’n. 2d wk Feb.
24,649
150,699
151,067
Ol.lior. & Wheel 3d wk Feb.
26,825
Pitts. Cl. A Tol. 2d wk Feb.
21,261
208,604
149,513
15,969
13,430
90,463
70,656
Ool. Midland..., January... 145,664 128,708
Pitts. Pa. A F. 2d wk Feb.
145,664
3,359
128,708
4,473
20,033
17,603
OoL H. V. A Tol January*.. 211,606 178,097
Total system.. 2d wk Feb.
211,606
45,039
178,097
42,552
261,195
239,326
Ool. Sand’y A H 2dwk Jan.
17,950
PitLYoung.
A
A.
15,943
32,680
January...
84,444
28,526
55,959
84.444
55,959
Ooluaa A Lake. January...
1,700
1,250
1,700
1,250 Rich. Fr’ks b,AP. Deoember.
54,487
52,634
697,986
695,094
Crystal.............. December.
803
565
13,207
10,782 Rich. A Petersb. December.
25,958
24,672
335,137
338,074
OumbTd Valley Novemb’r.
69,538
60,734
757,329
756,002 Rio Grande Jet Novemb’r.
37,459
26,355
Denv.A Bio Gr 3d wk Feb. 185,000
99,400 1,042,100
7,617
797,100 Rio Gr. South’n. 2d wk Feb.
5,816
51,827
Des M. A Kan.C lstw k Feb.
37,607
2,942
Rio
Gr’deWest.
2,876
16,621
3d
wk
Feb.
15,016
47,200
38,900
366,600
278,350
Dea.M.N. AW .. January...
34,8
28.367
34,876
28,367 St.Jos. A Gr. I... 2d wk Feb.
24,252
27,097
145,822
136,569
Det. G. Rap. AW 2d wk Feb
23,610
20,647
136,150
27,500
121,157 St.L. Ch. A St. P. January...
24,113
27,500
24.113
Det. A Lima No. 3d wk Feb
7,628
8t.L.Ken’etASo. January...
66,131
6,747
5,905
6,747
5,905
Det. A Mackinac Deoember.
29,615
St.L. ASan Fran. 2d wk Feb. 129,760 103,816
23,959
464,232
400,812
739,686
627,541
Duluth A Ir. R. Deoember.
8t.L. Southwest. 3d wk Feb. 112,800
2,644,539
1,973,846
88,400
802,200
654.539
DuluthS.S.AAtl, 2d wk Feb,
25,644
28, ¿45 [ , 164,661
142,939 St. Paul A Dul.. January...
97,920
90.737
97,920
90,737
ElglnJol.&Eaat, January... 116,715
76,029
116,715
76,029 San Ant. A A. P. Deoember. 190,375 218,273 2,051,806 2,117,289
Erie................... Deoember. 2,793,295 ,535,612
33,137,072
31,331,926 SanFran. A N.P. January... I 58,139
45.040
58,139
45,040
Eureka Springs. December.
3,905
5,591
62,788
61,262 S.Fe Pres. A Ph. 2d wk Feb.
15,536
10,778
78,865
68,567
Evans. Alnd’plis 3d wk Feb.
6,045
4,503
33,188
33,182 Sav. Fla. AWest. December. 323,892 298.988 3,436,357 3,417,477
Evansv. A T. H. 3d wk Feb.
23,045
Sher.Shrev.A8o
19,203
156,376
4th
wk
Jan
9,799
141,377
9,249
31,182
27,262
Fitchburg.......... Deoember. 618,834 585,027
Sil.
Sprs.
O.
A
G
7,305,825 7,285,902
December.
15,762
14,172
191,249
188,264
Flint. A P.Marq. 2d wk Feb.
56,960
335,107
53,108
307,638 Silverton.......... December.
5,564
3,844
Fla.Oent.APen. lstw k Dec.
46,009
39,923 2,212,381 1,975,511 Sioux C. A Nor. Deoember.
25,539
18,694
279*.16Ì
224,256
Ft. W’thADen.C. 4th wk Jan
30,862
19.101
112,692
83,334 So.HavenAEast January...
1,606
1,334
1,606
1,334
Ft. W. A Bio Gr. [d wk Feb.
8,901
56*386
4,937
36,169 So. Pacific Co.—
Gads. A Alt. U. anuary...
663
Gal.Har.AS.A
687
663
Deoember.
687
466,510
412,934 4,477,092 5,056.122
Georgia R B ....... 3d wk Feb.
38,944
Louis’ a. West December. 105,920 108,886
35,694
258,251
252,231
907,931
Georgia A Ala.. 3d wk Fell.
940,777
26,580
Morgan’sLAT December. 681,102 643,287 5,173,879 5,340,183
22,094
181,048
148,992
Ga. Oar’la A No. December.
74,726
N.
Y.
T.
A
Mex
82,731
889,963
December.
853,877
31
572
39,535
348,772
298.998
Geo. So. A Fi a.. January...
83,732
Tex. AN. Orl.. Deoember. 140,958 158,582 1,442,229 1,395,967
79,652
83,732
79,652
Gr. Bap. A Ind.. 2d wk Feb.
38,549
35.101
Atl. Prop’tes.h Deoember. 1,459,123 1,389,794 12.578,435 13,262,746
212,519
201,170
Cin.R. AFt.W. 2d wk Feb. I
7,u03
Pacific
system
7,538
46,090
Deoember. 2,998.392 2,519,779 34,647.175
43,889
Traverse City. 2d wk Feb,
744
Total of all./ December. 4,812.331 4,324,260 50,890,142 31,638,696
909
4,570
4,415
48,646,103
Mus. G. B. A I. 2dw k Feb,
3,160
So. Pao. of Cal. December
1,768
15,361
11,632
919,494 774.858 10,275.550 9.857,848
Tot. all lines 2d wk Feb,
50,356
So.Pao.ofAriz, December
45,316
278,540
261,106
272,491 223,884 2.579,351 2,284,682
Gr.Tr’nk Syst’ m 2d wk Feb, 415,437 355,854
So.Pao.ofN.M.
2,727,554 2,368,642
Deoember. 130,622 114.754 1,336,421
Ohio. A Gr. Tr. 4thwkDeo. 103,703 103,600 3,083,327
Northern R y.. December. 192,617 171,832 2,276,598 1,156,618
3,150,996
839
Det.Gr.H.AM. 4thwkDeo.
31,623
Southern R y .... 2dwk Feb. 430,217 404.920 2,513,399 2,202
988,785
34,196
958,121
2,342,462
Oin.8ag.AMao 4thwkDeo.
4,384
3,632
123,604
127,108 Spok.F’ls ANor. Deoember.
596.910
439.759
ToLS. A Musk. 4thwkDeo.
3,147
3,024
111,509
83,829 Stony Cl. AC.Mt. Deoember.
” Ì,Ì02
1,460
34 997
40,023
Grea 1North’n—
Texas Central.. lstw k Feb.
8,523
4,171
39,291
St. P.M. A M. January... 1,087,784 788,423 1,087,784
23,584
Texas
A
Paoiflo.
788,423
3d
wk
Feb.
153.471
126,039
1.140,253
984,365
East o f Minn.. January... 104,947
94,872
104,947
94,872 Tex. S.V.A N.W. Septemb’r.
4,56»
3,597
MontanaOent. January... 173,683 148,121
173,683
148,121 Tol. A Ohio Cent. 3d wk Feb.
26,520
28,260
215,175
Tot. system. January... 1,366,414 1,031,416 1,366,414
229,190
1,031,416 Tol. P. A West.. 2d wk Feb.
19,818
21,624
116,608
113,697
G*lfB’mntAK.O, January...
10,014
8,142
10,014
8,142
Tol.St.L.
AK.G.
2d
wk
Feb.
38,095
41,644
235,730
Gulf A Chicago. J anuary...
246,740
4,414
3,471
4,414
Union
Paoiflo—
3,471
Hoos.Tuu.AWll. January...
3,300
2,879
Union P .R R .. December. 1,441,062 1,175,59316,444,892 14,382,291
3,300
2,879
Hous. A Tex.Cen Deoember. 354,817 414,688
3,664.534 3,756,867
Ach.Col.A P. )
Illinois Oentrali January... 12303898 t 1898262 12,303,898
43,548
33,622
514.206
335,087
11,898,262
Aoh.J.C.AW
J Deoember.
Ind Dee. A West. Novemb’r.
36,017
86,591
429,865
Cent. Branch« 3d wk Feb*
419,096
24,000
21,000
167,354
Ind. I1L A Iowa. Deoember.
141,415
70,889
65,094
758,488
747,181
Cen.Br.AL’dL
Deoember.
97,316
83,836 1,126,871
In.A Gt. Vnrrti’ti13d wk Feb.
781,008
73.155
72.949
533,548'
480,941
Gr*d tota l... Deoember 1,728,687 1.402,977 19,420,983 16,490,510
Railroad
%ntûli^tuce.
THE CHRONICLE.
418
Latest Gross Earnings.
R oads .
WeekorMo 1897-98. 1896-97.
Jan. 1 to Latest Date.
1897-98.
1896-97.
[ V o l . LXVI,
Net Earnings MLonthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all S t e a m
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character and in that form is given once a month. Early re
turns are published from week to week, as soon as issued, but
for the convenience of our readers all the roads making re
turns are brought together here in the week in which we pub
lish our monthly article on net earnings—say on or about the
20th of the month. Besides the roads furnishing monthly
returns, we have added this time the roads which make quar
terly returns.
The returns o f the street railways we give by themselves
under a separate head at the extreme end o f these tabulations
—see page J$2.
$
$
$
367.140
57,001
464,364
72,918
D n.P .D en.*G .. 2d wk Feb.
3d wk Feb. 23", 949 21 »,273 1,651,297 1,473,347
278,579
224,741
35,081
17,717
Waoo&Northw. December.
<
W.Jersey&Sea’e December. 163,574 152,818 2,5 0,94' 2,554,92
1,162,612
1,137,553
93,387
98,306
W.V.Cen &Pitte December.
357.893
361.503
31,067
31.644
West Va.& Pitts. Novemb’r.
593,128
601,076
60,976
61,706
Western of Ala. December.
304,994
48,500
327.100
51,900
West. N. Y.&Pa. 2d wk Feb.
126,895
193,718
17,345
25,745
Wheel. & L. Erie 3d wk Feb.
498,170
606,490
83,886
90,033
Wisconsin Cent. 3d wk Feb.
92,999
88,361
8,249
7,693
Wrig htsv. &Ten. December.
68,838
70,129
5,552
5,734
York Southern. December.
«T h ese figures include results on leased lines, b Inoludes earnings
from ferries, etc., not given separately. J Mexican currency. « In
cludes operations of the Ohio. Burlington & Northern in botn years.
Gross Earnings.— > ----- Net Earnings.— —.
&Covers results of lines directly operated east of Pittsburg.
1897-8.
1896-7.
1897-8.
1896-7.
t Includes Chesapeake & Ohio So’ western, Ohio Valley and Chicago
S
Roads.
and Texas for 189S but not for 1897.
„„ „ ^
„
17,730
23,313
9,877
5,532
eo.
e Figures from July 1 include results on A. T. & S. Fe, Gulf Col. & Adirondack.............D
193,545
207,979
65,094
61,494
Jan. 1 to Dae. 31.......
8. Fe, S. Fe Pacific (old Atlantic & Pacific' and So. Cal. Ry. Results
on Sonora Ry. and New Mexico & Arizona Ry., formerly included, are Alabama Gt.South.a. Jan.
135,174
57,454
165,280
40,388
994,219
411,556
378,197
excluded after July 1.
July 1 to Jan. 3 1 ..... 1,070,737
57,246
14,975
68,799
8,536
Latest Gross Earnings by Weeks —The latest weekly earn Alabama Midland....Dec.
640,356
120,579
99,306
Jan. 1 to Deo. 31.......
694,722
ings in the foregoing are separately summed up as follows:
336,218
70,779
61,852
July
1
to
Dae.
31......
359,484
For the third week of February our preliminary statement
177,398
85,046
62,317
covers 36 roads, and shows 10-65 per cent inorease in the Allegheny V alley....Jan. 212,760
aggregate over the same week last year.
26,147
114,143
Ann A rb o r...............Deo.
124,126
416,219
Jan. 1 to Deo. 31....... 1,314,189 1.170,751
Increase. Decrease.
12,409
1,853
1897.
1898
3d week of February.
5,877
Arkansas Midland...Deo.
14,036
96,476
23,173
16,022
Jan. 1 to Dec. 31.......
122,836
*
%
*
$
A t c h . T o p &S.Fe.b...Jan. 2,860.448 2,463,930
(494,434
(479,131
11,971
21,963
33,934
Ann Arbor................
J u ly 1 to Jan. 31.......23,286,209 20,016,569 (6,721,->23 (5,744,776
••M ...
12.215
1L7.246
129,461
Bait. & Ohio Southwest..
1,850
58,933
eo,783
Buff. Roch. & Pitts..........
22,415
8,326
4,661
27,384
. . . . .... Atl. Knoxv. & No__ Deo.
41,000
310,000
351,000
Canadian P a cific...........
73,651
281,688
290,865
35,565
Jan. 1 to Deo. 3 1 . . . .
32,040
193,927
225,967
Chesapeake & O h io ......
52.214
29,085
58,603
.
.
.
.
.
.
.
25,314
2,271
Atlanta & W. Point..Deo.
76,896
79,167
Chicago & East. Illinois.
531,430
233,123
566,167
211,147
156
Jan. 1 to Deo. 31.......
....
102,546
10 2,3 30
Chic. Great Western.......
135,701
290,413
302,134
122,407
49,394
July 1 to Dec. 3 1 .....
524,21b
573,607
Chicago Milw. & St. Paul
.......
5,564
21,261
26,825
15,810
50,424
45,636
9,382
Olev. Lorain & Wheel’g..
Atlantic* Danv’e.a..Deo.
e. . ( ....
35.600
99,400
135,000
545,384
146,211
D en v er* Rio Grande...
541,123
126.357
Jau. 1 to Dec. 3 1 .....
1,542
4.503
6,045
277,131
80,387
Evansv. * Indianapolis..
280,879
67,770
July 1 to Deo. 31.......
........
3.841
19,203
23,045
Evansv. & Terre Haute..
27,651
5,997
17.975
14,103
Austin & North w’n . .Deo.
3,2n0
35,694
38,914
Georgia........- ................. .
273,581
42,677
100,079
178,039
Jan.
1
to
Deo.
3
1
.....
........
4,486
22.0 ¿4
¡¿26,580
Georgia & A labam a......
701,905
550,386
206
Baltimore&Ohio.b..Deo.
2,404,410
2,177,801
72,949
73,155
International & Gt. No..
2,292
Jan. 1 to Deo. S I.....26,100,144 24,935,972 6,085,910 6.059,300
36,817
39,109
Iowa Central...................
474
. . . . -...
July 1 to Deo. 3L.......14,031,374 13,513,351 3,900,064 3,384,816
8,52 Ì
8,997
Kanawha & M ichigan....
. . . Balt.* Ohio 8outhw..Dec.
39,368
25,859
65,227
206,091
Kan. City Pittsb. * Gulf
546,291
606,462
188,395
.
.
.
.
__
2,561
9,100
6,539
Kan.City Sub, Belt . . . . .
Jan. 1 to Dec. 3 1 ,.... 6,456,971 6,179,617 1,995.315 1,940,016
. . . . ....
1,769
68,752
66,983
Lake Erie & Western.....
1,138,022
3,172,024
1,025,400
3,488,997
July l to Deo. 31.......
6,939
245,369
252,278
Mexican Central.............
Bangor & Aroostook—
2,634
112,773
115,407
Mexican National ..........
203,256
91,803
207,002
85,430
Oct1. 1 to Deo. 31.......
........
1,523
32,367
33,890
Minneapolis * St. Louis.
719,717
305,420
279,944
775,633
Jan. 1 to Deo. 3 1 .....
13,126
224,093
210,967
M o.K ansas* T e x a s.....
2,432
. . . . . . . . Bath * Hammonds..Deo.
3,101
4,094
1,133
434,000
36,000
470,000
Mo. Pacific & Iro iM t ....
38,675
3,00 :
19,187
18,275
39,697
21,000
24,000
Jan. 1 to Dec. 3 1 .....
Central Branch......... .
.....
28,284
4,613
18,778
17,100
29,516
63,514
58,901
July 1 to Deo. 31.......
N. Y. Ontario & Western
. . . . .... Bennington & Rutland—
28,916
181,22
210,137
Norfolk & Western........
672
14,121
14,793
Ohio River.....................
10,261
6,944
53,523
58,504
Oct. 1 to Deo. 31.......
8,300
47,200
38,900
Rio Grande Western----682
2,231
624
2,510
24,400
. . . . . . Birm. & A tlantic.b ..Deo.
88,400
112,800
8t. Louis Southwestern.
23,764
2,730
5,963
24,986
Jan. 1 to Deo. 3 1 .....
27,432
. . . . ...
126,03»
153,471
Texas & P a cific.............
4,341
13,357
4,865
14,567
July 1 to Deo. 3 1 .....
____
1,740
28,260
26,520
Toledo * Ohio Central..
16,676
214,273
230.949
Boston & Albany, to—
Wabash............................
17,345
8.400
25,745
Oct. I to Dec. 3 1 ..... 2,376,564 2,324,798 1,019,569 1,075,071
Wheeling & Lake E rie..
6,147
83,886
90,033
Jan. I to Dec. 31....... 9,302,940 9,112,212 3,061,241 2,984,258
Wisconsin Central.........
Boston
& Maine, to—
21,404
420,935
4,152,410 3,752,879
Oct. 1 to Deo. 31....... 4,990,016 4,900,993 1,546,495 1,444,010
399,531
Jan. 1 to Deo. 31....... 19,799,337 19,716,374 6,225,319 5,696,086
Net inorease (10-65 p.o.)J
Rev. B. * Lynn—
For the second week o f February our final statement covers Bost.Òct.
10,022
7,537
1 to Dec. 31.......
54,293
51,801
H roads, and shows 13-83 per oent inorease in the aggregate
53,114
82,626
Jan. 1 to Dec. 31.......
277.290
245,516
over the same week last year.
Bridgton & Saco Riv.—
1,842
2,204
Oct. 1 to Deo. 3 1 .....
6,142
6,631
11,489
7,725
Jan. 1 to Deo. 31. . . .
28,410
28,090
Increase. Decrease.
1898.
1897.
2d week o f February.
16,132
15,577
Brunswick & West. ..Dec.
51,370
48,003
198,561
207,574
589.606
601,125
Jan. 1 to Deo. 31.......
$
$
$
$
112,855
112,558
July
1
to
Deo.
3
1
.....
306,800
301,410
16,643
450,609
3,238,803
3,672,769
Previously rep’d (35 r’dst
......... Butt. Rooh.& Pitts. b..Deo. 286,813 255,385
2,453
31,604
34,057
97,051
82,355
Alabama Gt. Southern...
9,680
2.611
12,291
Atlantic & Danville........
Jan. 1 to Deo. 31....... 3,452,093 3,337,788 1,177,735 1.031,403
2,027
80,603
78,591
693,190
609,276
Burl. Ced. Rap. & North.
July 1 to Deo. 31.t ... 1,899,856 1,795,034
... ...
7.160
124,809
117,649
Central of G eo rg ia .......
13,921
7,100
37,063
. .. . .... Buffalo & Susaueh.a. Jan. 40,466
6,382
49,400
55,782
Chic. Indian ap.& Louisv.
174,090
184,623
July 1 to Jan. 31.......
397,353
346,852
4,810
27,886
32,726
Chicago & W. Michigan..
64,125
105,703
Bori. Ced.R. & No.a.Deo. 371,380
382,439
22,747
246,365
269,112
Olev. Cin. Chic. & St. L..
Jan. 1 to Deo. 31....... 4,292,163 4,450,035 1,243,329 1,083,302
2,963
20,647
23,610
Det. Gd. Rapids & West.
_ ... C a n a d ia n P a o if io .a .. Deo. 2,322,742 1,925,871 1,053,454 924,432
1,999
23,645
25,644
Duluth So. Shore & Atl
3,852
56,960
53,108
Flint & Pere Marquette..
Jan. 1 to Deo. 31.......24,049,535 20,681,597 10,303,776 8,107,532
3,964
4,937
8,901
Ft. Worth & Rio G r........
1,075
5,046
4,038
1,811
_tm... Carolina Midland— Deo.
39,616
339
39,955
Georgia.............................
___ Cent, of Georgia.a...Deo. 579,454 555,726 245,739 285,550
22,092
3,424
25,516
Georgia & Alabama........
1,775,167
5,423,549
5,323,263
1,900,770
Jan.
I
t
o
Dec.
31.......
35,101
3,448
38,549
Grand Rapids*Indiana
July 1 to Deo. 31....... 3,043,015 2,900,153 1,199,129 1,126,489
365
7,538
7,903
Cincinnati R. & Ft. W..
165 Cent, of N. Jersey, a.—
909
744
Traverse City............. .
i,392
1,768
3,160
Musk. Gr. Rap. & Ind .
Jan. 1 to Dec. 31.......13,212,772 13,117,350 5,044,101 4,798,782
Grand T ru n k ............... )
295,200
393,434
Central P acific.b....D eo. 1,141,951
945,612
355,854
59,583
415,437
Chicago &Gr’d Trunk >
Jan. 1 to Deo. 31.......14,173,604 12,453,953 5,979,743 4,715,039
Det. Gr.Hav. & M ilw .)
14,942
48,433 def.12,519
Char. & Savannah. . .Deo.
52,072
80,441
12,212
92,653
City Ft. S. * Mem.
134,124
558,589
134,475
24,652
600,249
Jan. 1 to Dec. 31.......
10,563
35,215
Tran, c. Mem. & BIrm—
---------10,333
41,325
July
1
to
Dec.
31.......
250,618
232,636
1,563
7.438
5,875
Kansas City & Omaha
4,884
30,603
25,719
24,929
Louisv. Evansv, & St. L
............
Ohas’n & West Car’a.Deo.
72,260
387,385
42,800
430,185
141,013
Louisville & Nashville..
July l to Deo. 31____
428,450
............
251,099
16,167
267,266
Mexican Central..............
372,367
365,343
Ches. & O h io .a ....... Deo. 1,137,801 1,018,818
9,109
56,362
65,471
Minn. St. P. & Ste. S. M.
3,583,761
3,402,628
Jan. 1 to Deo. 31...«.11,397,417 10,375,194
5,252
3,536
8,788
2,033,013
1,870,669
July
1
to
Deo.
31.......
6,047,765
5,358,529
188,042
214,940
26,898
Norfolk & Western........ .
Ohio. Burl.*Quin.b.§Deo. 3,476,546 2,955,052 1,386,173 1,350,845
82,150
239,781
321,931
Northern P a c ific ........
Jan. 1 to Deo. 3 L.......39,890,256 34,176,454 15,964,615 13,040,655
59,483
44,035
103,518
Oregon RR. & Nav..........
July 1 to Deo. 3 1____22,948,410 13,584,338 9,635,9L9 8,043,575
1,801
7,617
5,8
i
6
RiO Grande Southern...
103,816
25,944
129,760
C h ica go* East. 111..Jan.
356,475
338,389
145,439
142,704
St. Louis & San F ran...
84,800
19,400
■104,200
8t. Louis Southwestern..
July I t o Jan. 31....... 12,578,790 2,348,106 1,158,064 1,052,293
4,758
10,778
15,536
San. Fe Prescott & Phx
Chicago Gt. West’ n..Nov.
474,147
310,848
139,182
52,520
401,920
25,297
430,217
Southern R a ilw a y......
July 1 to Nov. 30....... 2,398,094 1,978,526
798,15 8
533,220
21,624
1,806
19,818
Toledo Peoria & West’n ..
___
Chic.Ind.
&
Louis....D
ec.
255,567
247,092
58,222
84,467
57.001
15,917
72,918
On. Pao. Den. & Gulf..
3,400
July I t o Deo. 31....... 1,783,362 1,485,467
556,792
461,255
48,500
51,900
Western N. Y. & Penn...
Ohio. M .& St. P.a.-.Dee. 2,817,081 2,570,877 1,254,514 1,241,003
919,842
29,364
6,437,279
7,327,757
Jan. 1 to Deo. 31....... 32,178,761 31,352,333 12,657,435 11,837,299
Total (74 roads)
i 890,478
July 1 to Dec. 31....... 18,430,230 16,733,282 7,533,036 6,784,879
............
F ebruary 26, iôï8 |
Gross Ear ninas. —
1897-8.
1896-7.
THE CHROMICLE.
-X et Earnings.------- 1897-3.
1896-7.
419
----- Qross Earnings.— —— Ret Earnings.----Roads.
1897-8.
1896-7.
1897-8,
1896-7.
Roads.
w
vhlo. Peo. & st. L...Sept.
68,216
68,141
#
9
21,731
14,760 Gulf B îaum’ t * K.O.Deo.
14,63
3
July 1 to Sept. 30___
10,1)31
190,970
7,636
213,952
62,274
61,041
July 1 to Deo. 31. . . .
74,875
38,905
...........”
Ohio. Term. Trails!..Deo.
Oo,uai,
93,099
62,449
G olf & Chicago.to....Deo.
7,367
5,128
July 1 to Dee. 31.......
5 49,910
5,028
2,485
371.326
Jan. 1 to Deo. 31.......
52,047
47,860
14,483
CJlilo. & West Mioh...Deo.
135,071
11,929
124,022
31,235
25,119
Hoosao T u n .* Wil...Dec.
3,309
3,352
Jan. I to Dee. 31....... 1,650,724 1,642.617
1,418
1.608
350.326
321,141
Jan. 1 to Deo. 31----54,282
50,579
24.148
Chootaw Okla. & G..Dec.
149,073
16,185
145,303
60,048
54.023 Houston & Tex.Cent.Deo.
354,817
414,683
Jan. 1 to Deo 31....... 1,286,661 1,124,354
140,530
437,890
234,077
273,785
Jan. 1 to Deo. 31....... 3,664,53 4 3,758,867 1,123,533 1,258,125
Nov. l t o Dee. 31. . . .
318,203
262,220
138,003
92,473
July 1 to Deo. 31....... 2,157,304 2,249,259
894,196
999,871
Oin.N.O.& Tex.Pac.aTan.
332,835
263,283
101,159
91.023
IUinolsCentral.a.î..Deo. 2,578,244 2,096,516 1.022.372
July 1 to Jan. 31. . . . 2,272,217 1,981,552
776,953
754.326
588.854
Jan.
1
to
Deo
31.......24.746,250
21,783.291
7,575,696 6,253,969
Oleve. Canton & So .Deo.
68,116
52,743
17.124
12,281
July 1 to Deo. 3 1 ...¿.14,087,301 11,409.243 4,620,290 3,419,647
Jan. I to Deo. 31.......
667,315
704,078
129,521
133,149 Indiana III. & Iów a ..Deo.
70,889
65 094
July 1 to Dae. 31.......
23,885
356,014
376,6 32
20,969
87,734
70,863
Jan. 1 to Deo. 31.......
758,483
747,181
210,817
189,009
Cttev.Cin.C.&St.L.a..Deo. 1,325,020 1,204,450
_ J|_
314,333
343,608
July 1 to Deo. 31.......
365,416
----------345,219
86,538
70,799
Jan. 1 to Deo. 31........ 13.s48.529 13,’o il,'463 3,271,695 3,131,653
161,342
132,137
July 1 to Deo. 31....... 7,420,842 6,689,424 1,697,385 1,678,133 Iowa Central, b ....... Deo.
54,525
44,209
Jan. 1 to Deo. 31....... 1,728,984 1,725,373
559,627
577.988
Peoria & East’ n.a..Deo. 166,122
150,521
53,974
July l to Deo. 31.......
976,705
47,523
819,728
344,223
256,430
Jan. l to Deo. 31. . . . 1,750,024 1,703,544
406,348
376.854 Iron R ailw ay.!»..'....D ec.
4.291
July 1 to Deo. 31.......
952,300
4,268
1,639
833,377
243,379
1,166
179,877
Jan. 1 to Deo. 3 1 .....
39,547
44,148
11,267
6,692
Clev. Lor. & Wiieel...Deo.
146,739
87,849
51,953
July 1 to Deo. 31. . . .
26,918
21,534
19,823
6,379
3,675
Jan. 1 to D o. 31. . . . 1,336,094 1,239,077
465,541
372,161 Jack. Tam. & K. W...Jan.
30,232
26,985
July 1 to Deo. 31. . . .
779,438
5.148
598,494
267,6.61
1,125
177,294
Apr. 1 to Jan. 31.......
247,221
245,741
22,784
6,304
Colorado Midland. ..Dec.
166,819
141,173
43,222
32,431 K anaw ha* VIloh.b..Doo.
47,651
49,869
Jan. I to Deo. 31....... 1,757,371 1,8 24,037
13,064
411,811
18i637
414,206
Jan. 1 to D;c. 31.......
535,109
July 1 to Deo. 81. . . .
962,229
467,966
143,295
876,403
232,442
118,733
156,007
July 1 to Deo. 31.......
291,472
237,941
87,432
61,049
Oolumb. Newb. & Laur.—
Kan. C. Ft. 8. & M.a..Deo.
427,404
July 1 to Deo. 31.......
66,104
387,360
122.742
64,020
14,338
118,640
7.870
Jan.
I
to
Dec.
3
1
.....
4,914,223
4,481,739 1,519,592 1,422,842
Jan. 1 to Dec. 31.......
296,950
236,575
69,030
42,414
July l to Deo 31....... 2,645,925 2,345,156
834,262
768*050
Col. Sand. & Hoek’g. Deo.
82,685
62,827
17,782
14.869 Kan. C. Mem.* B.a,.Deo.
146,909
125,158
54,103
40,366
803
Crystal.................... ..Deo.
565
373
def.38
Jan.
1
to
Deo.
31.......
1,216,610
1,193,347
285,157
287,605
Jan. 1 to Deo. 31.......
13,‘207
10,782
6,920
697
July l to Deo. 31.......
632,272
657,0)6
173,650
203,678
Cumberland Valley..Nov.
69,538
Kan.
City
&
Northw.—
60,734
21,284
14,625
Jan. 1 to No y. 30.......
757,329
Ocg. 1 to Dec. 31.......
758,002
243,009
101,553
100,701
231,132
24,375
23,399
Jan. 1 to Deo. 31.......
354,503
Delaware & Hudson Canal—
297,142
66,193
23,148
Renns. & Saratoga 1“—
Kan. C. Pitts. & G.b.Nov.
302,643
90,017
124.083
17,290
Oot. 1 to Deo. 31.. ..
591,656
Jan.
1
to
Nov.
30.......
560,599 .26 4,332
2,151,035
767,374
246,429
765,446
155,8 78
Jan. 1 to Deo. 31.. .. 2,436,320 2,303,834
917,101
827,533 Kan. 0. & Sub. Belt..Nov.
37,870
16,506
N. Y. & Canada to—
Keokuk
&
West’
n.to..Deo.
35,197
32
938
35,197
10.191
12,068
Oot. 1 to Deo. 31.. ..
230,424
22),03 3
91,517
107,397
Jan. 1 to Deo. 31. . . .
415,852
393,143
415,352
124,657
137,430
920,940
313,140
328,263 Lake Erie & West. b.. Deo.
313,398
287,026
15),176
135,087
Albany & Susq.b—
Jan. 1 to Deo. 31....... 3,4)9,396 3,344,273 1,463,283 1,427,016
Oot. 1 to Deo. 31...... 1,179,266 1,131,549
633,293
639,991
Jan. 1 to Deo. 31...... 4,055,804 4,169,452 1,906,099 1,834,647 Lehigh Valley R R ..Deo. 1,539,113 1,551,349
464,032
356,924
Lehigh Val. Coal Co. Deo. 1,503,977 1,459,762 def.59,395 def.29,576
Del. Lack. & Western—
b—
Lexington* East’n. Deo.
15,306
16,649
2,282
4,335
.. 2,672,491 2,351,111 1,559,242 1,289,831
Jan. 1 to Deo. 31----204,0 77
194,894
63,727
57,319
. 7,856,358 3,227,990 3,933,229 4,131,Í31 Long Island R R .b...D eo.
291,32)
243 797
52,209
26,432
Syr. Bing. & N. Y .b —
Jan. I to Deo. 31....... 4,156,593 3,933,240 1,249.975 1,305,194
Oot. 1 to Deo. 3 1 .... .
226,995
220,137
July 1 to Deo. 31....... 2,4)5,651 2,272,993
105,789
94,403
916,531
857,520
.
849,554
8-80,776
337,782
358.936 Long Isl’d RR.Sys.bDeo.
300,794
251,037
43,563
17.849
>. 760,920
567,565
Jan. I to Deo. 3 l ....... 4,509,832 4,3)8,136 1,331,594
273,326
215,879
. 7,651,1.23 7,2)8,379 3,119,954 2,901,952
July 1 to Deo. 31----- 2,746, 973 2,534,831 1,031,914 1,310,638
950,101
. 4,475,468 3,769,459 1,786,645 1.536,470 Louisv.H end.* St.L.Nov.
44,746
30,949
5,543
5,325
3.
14,981
12,099
Jan. 1 to Nov. 30.......
464,172
415 999
3,762
def. 64 3
110,478
102,912
.
162,105
120,418
.......
251,973
196,284
July
1
to
N
jv
.
3
)
20.889
26,771
71,454
58,990
37,231
32,662
12,329
8,041 LouUv. & Nashv.b-.Deo. 1,925,277 1,854971
708,421
671.938
Jan. l to Deo. 31. . . .
430,332
442,254
Jan. 1 to Deo. 31...... 20,353,203 20,233,546 6,802,221 6,532,316
90,184
134,510
July I t o Deo. 31----- 1L,073,814 10,592,917 3,810,336 3,531,253
Det. G d.R ap.* W.a.—
Jan. l to Deo. 31..
1,316,740 1,187,370
6,627
5,422
332,377
180,072 Macon & Birming__ Deo.
816
23
Jan. 1 to Dec. 31___
67,105
61,484 def.20,496 def.12,436
Detroit & Maok’o.a .D
29,615
23,959
8,827
2,238
July 1 to Deo. 31.......
38,938
33,854 def.8,903 def. 7,074
464,232
400,812
117,818
119,70 4
199,943
142,410
4,790
6,075 def.3,918 def.5,321
46,4)6
25,498 Mauislique................Deo.
Jan. 1 to Deo. 31.......
110,510
116,713
Duluth & Iron Range—
19,159
33.897
1,791,735 1,116,050
163,571
145,635
693,799
605,365 Memphis & Chas’n...Deo.
71,383
56,193
2,644,539 1,973,846 1,118,499
Jan. 1 to Deo. 31....... 1,445,498 1,325,395
879,423
36 7,865
298,037
July 1 to Deo. 31.......
814,2)6
724,303
Duluth So. Sh.& Atl.—
254.787
222,019
406,234
361,796
142,806
88,957 Mexican Central.....Deo. 1,225,111 1,015,9 21
475,545
312,490
1,591,114 1,905,810
Jan. 1 to Deo. 31.......12,845,820 10y203/)17 4,016,343 3,463,746
526,891
671,130
Dunk. AU.V. & Pitts.—
------------------------| ,« J
242,188
214.844
82,010
63,332
Oot. 1 to Deo. 31.......
64,249
Jan. 1 to Sept. 30___ 2,259,747 2.110.013
51,665
18,642
6,293
842,757
733,619
Jan. 1 to Deo. 31.. . . c
221,511
209,115
16,778 def.5,679
494,623
474,516 C238.020 0239,616
Elgin Joliet & E..a..Dec.
130,295
Jan. 1 to Ñov. 3 0 ..... 5,481,482 4,725,757 c2,66 7,5 27 C2,209,115
83,623
57,939
27,994
Jan. 1 to Dec. 3 1 ..... 1,202,912 1,273,876
399,169
441,312
xioan Northern...Nov.
34,036
36,897
2),739
July 1 to Deo 31.......
17.897
638,165
619,897
201,115
214,527
Jan. 1 to Nov. 30......
537,177
662,008
309,657
346,402
Erie..a.......................Deo. 2,793,295 2,535,612
July 1 to Nov. 30. ...
605,798
229,963
505,178
244,135
137,430
121,846
33,137,072 31,331,926 8,486,792 8,184,205
an. * St. Louis.a.Deo.
170,777
164,424
75.083
74,035
18,240,963 16,600,923 5,115,66 j 4,785,809
Jan. 1 to Deo. 31....... 2,152,962 1,994,4 28
837,784
806,730
Eureka Springs........Deo.
3,9)5
July 1 to Deo. 31. .. . 1,243,633 1,097,151
5,591
553
2,297
532,794
492,385
Jan. 1 to Deo. 31.......
62,788
61,262
27,967
30,226
in.8t.P.& S.Ste. M.Dac.
304,990
295,045
108,849
110,225
Pall Brook—
Jan. 1 to Deo. 31....... 3,899,538 3.638.014 1,674,967 1,507.493
Oot. 1 to Deo. 3 1 .....
183,029
July 1 to Deo. 31 .. 2,303,311 2,005,135 1,101,683
136,032
109,996
98,136
865,784
649,697
639,076
349,877
272,941
391,649
Fitchburg.b—
July 1 to Deo. 3 1 ..... 7,014,473
2,732,293
Oct. 1 to Deo. 3 1 ..... 1,969,623 1,896,508
654,862
669,741 i
51,916
37,479
10,672
Jan. 1 to Deo. 3 1 ..... 7,305,825 7,235,902 2,232,228 2,166,546
12,785
Jan. 1 to Deo. 31. . . .
328,889
338,768
43,780
71,579
Flint * Pere Marq.aNov.
247,229
July 1 to Deo. 31. ...
188,225
72,821
178,262
50,917
207,753
21,326
67,139
Jan. 1 to Nov. 3 0 ..... 2,532,783 2,362,952
673,505
603,86) JS bile & O hio.......... Deo.
401,028
367,132
158,393
159,821
Ft. W. & Denv. City..Deo.
153,203
Jan. 1 to Deo. 31....... 4,012,794 3,715,759 1,337,581 1,270.585
100,095
79,237
33,458
Jan. 1 to Deo. 31....... 1,319,330 1,010,877
July 1 to Deo. 31__ 2,135,374 1,990,52/
453,993
242,536
817,774
764,110
Ft. Worth & Rio Gr..Nov.
72,249
34,971
131,093
44,838
13,249
117,655
59,401
55,573
Jan. I t ) Dec. 31____ 1,4L6,65S 1,152,745
Gadsden & Att. Un.. Jan.
663
687
610,613
241
399,226
210
* St. L .b .. Jan.
462,072
G e o rg ia .a ................ Deo.
413,051
159,196
143,241
148,757
43,547
138,052
35,797 9 sh.Ch.
July 1 to Jan. 31. .. . 3,372,991 2,979,070 1,2)7,645 1,143,449
Jan. 1 to Deo. 31....... 1,610,032 1,558,788
415,158
451,447 .
July 1 to Deo. 31.......
882,870
863,49) g25 7,652 g293,857 01 pada Central........Nov.
4,447
3,0)4
1,557
63
Jan. 1 to Nov. AO . . .
37.757
Georgia * Alab’a.a.Deo.
32,741
120,196
7,911
86,533
42,682
6,205
24,830
July
l
to
N
jv
.
3
)
...
20,127
17,745
1,129,623
4,701
868,422
317,369
269,252 » w England—
4,657
632,933
525,193
213,123
179Í807 * Oot. 1 to Deo. 31. ...
1,604,122 1,373,555
395,710
318,878
Ga. South. & Fla.a..Jan.
83,732
79,652
33,141
33,060
Jan. 1 to Deo. 31....... 5,746,311 5,386,761 1,511,813
1,207,568
551,140
536,267
193,363
189,380 Í
Grafton & Upton—
Oot. 1 to Deo. 31.
67,130
63,327
15,991
1,496
July t to Deo. 31.......
23,702
25,375
Jan. 1 to Deo. 31.
6,324
275,499
10.034
282,805
54,232
66,336
Jan. 1 to Deo. 31.......
50,045
53,545
14,827
20,163 I
Gd. Rapids & Ind__ Deo.
213,839
188,482
Oot. 1 to Deo. 31.......11,838,462 11,663,564 3,853.234 3,771,246
56,603
41,318
Jan. 1 to Deo. 3 u . . . . 2,538,773 2,460,028
Jan. 1 to Deo. 31---- .45.643,919 44,0/5,028 15,367,236 14,314,53)
651,990
437,387
Gr. Trunk of Canada. Deo. 1,796,515 1,505,483
599,310
256,198 N. Y. Chic. & St. L.b—
Jan. I to Deo. 31.......19,318,412 18,431,201 6,678,058 5,379,574
Oct. 1 to Deo. 3 l...... 1,712,40) 1,476,246
479,399
433,819
July 1 to Deo. 31.......10,935,737 10.121,237 3,953,139 2,998,371
Jan. I to Deo. 31. ... 5,815,215 5,537,7.65 1,3)6,193
1,196,757
Ohio. & Gr. Trunk..Nov.
249,253
249,545
16,873
9,145 N ew London Northern—
Jan. 1 to N j v . 30....... 2,791,336 2,859,436
Oot. l to Deo. 31......
201,813
171.121
345,208
251,508
65,897
41,420
July 1 to Nov. 30....... 1,352,662 1,262,683
J an. 1 to Deo. 31.....
763,4/3
674,159
156,165
80,807
188,591
199,246
Det. Gr. H. & Mil. .Nov.
88,840
76,352
22,966
4,380 Newb. Dutohess & Conn.—
Jan 1 to Nov. 30.......
938,921
875,213
234,230
99*16/
Oot. 1 to Deo. 31----36,456
35,318
11,923
6,009
July l to Nov. 30. . . .
479,003
443,312
146,646
72,887
Jan. 1 to Deo. 31.....
129,379
138,369
28,530
15,630
420
[VOL. LXVI
THE CHRONICLE.
■Net Earnings.—
,---- Oros8 Earnings.——.
1896-7
1897-8.
1896-7.
1897-8.
Roads.
$
$
$
N. Y. N. H. & H a rtfo rd Oot. I to Deo. 31....... 7,538.819 7.334,677 2,285,245 2,401,124
72,541
87,176
278,715
:N. Y. Ont. & West a.D eo.
312,742
1.120,24 4
Jau. 1 to Deo. 31....... 3,950.278 3,358.313 1,118,884
696,517
701.475
July 1 to Deo. 31....... 2,182,581 2,126,705
N. Y. Phil. & Norfolk—
38.095
203,189
Oct. 1 to Dec. 3 1 .....
214,024
175,452
945,833
Jan. 1 to Deo. 3 1 ....,
894,510
96,755
180,475
N. Y. Sus. & West.b..Jan.
196,551
689,175
July 1 to Jan. 31....... 1,403,593 1,420,098
346,070
984,021
Norfolk & WoBt’ n.a. .Deo.
979,024
11,081.866 3,253,221
5,417,623 1,834,287
4,200
7,648
Northeastern of Ga..Nov.
7,933
19.120
59.692
Jan. 1 to Nov. 3 1 .....
12,638
30,771
July 1 to Nov. 3 0 .....
32,141
506,536
525,886
Northern Central, b.. Jan. 508,536
882,698
Northern Pacido. „..Dee. 1,770.683 1,455,145
9, <59.286
Jan. 1 to Deo. 31......
7,077,523
July 1 to Deo. 31.. ...13,375,662
22,287
76,073
79.533
Ohio River, b ........... Deo.
34 L,900
963,671
965,197
Jan. 1 to Deo. 3 1 .....
3,564
16,059
Ohio River & Chas—Dee.
17,729
19,168
95.L91
July 1 to Deo. 31.......
98,608
236,799
400,039
Oregon RR. & Nav._.Deo.
555,q35
'Jan. 1 to Deo. 3 1 ..... 5,613,804 4.639,840 2,439,2 10
1,795,733
2,709,015
July 1 to Deo. 3 1 ..... 3,642,378
216,593
473,591
Oregon Short Line. a.Dec.
531,082
Jan. 1 to Deo. 3 1 ..... 5,969,608 5,578.873 2,661,709
July 1 to Deo. 3 1 ..... 3,263,604 3,020,242 1,306,403
25,633
200,232
84.596
650, a88
314,727
2,381,659
1,265,338
3,996
23,376
15,407
525,886
575,525
............
24,756
326,745
4,744
23,368
175,079
1,270",959
159,330
2,274,18s
1,024,062
—Gross Earnings.—
1897-8.
1896-7.
— Net Earnings.----.
1897-8.
1896-7.
Roads.
Southern Pacido—
76,540
134,316
412,934
466,510
Gal.H. & 8. Ant.b..Deo.
Jan. 1 to Deo. 31—. . . 4,477.092 5,056,122 1,208,057 1,733.467
998,397
815,811
2,673,167
2,326,240
July 1 to Deo. 31.......
56.633
55,933
108,838
105,920
Louisiana West b .Deo.
374,777
381,304
940,777
907,931
Jan.* 1 to Deo. 31—. . .
214,237
180,365
506,547
424,885
July 1 to Deo. 3 1 .....
303.290
299,943
6 43,237
631,102
ML’gan’sLa.&Tex.b.Deo.
1,552,597
Jan. 1 to Deo. 3 1 ..... 5,173,879 5,340.133 1,313.087
I
,
148,739
719,221
3,939,323
2,678,602
July I t o Deo. 31—. . .
24,741
17,204
39,535
31,572
N. Y. Tex. & M b..D eo.
143,026
175,892
293,998
348,772
Jan. I to Deo. 31. . . .
121,515
127,634
203,479
212,068
July l to Deo. 3 1 .....
83,655
55,973
158,582
140,953
Texas & N. Ori.b..D eo.
457,258
524,432
Jan. 1 to Deo. 31—. . . 1,442,229 1,395,967
273,059
270,187
762,943
689,070
July 1 to Deo. 31. .. .
544,974
618,233
Atlantic Prop’ t’sb||Deo. 1,459,123 1,339.794
Jan. 1 to Deo. 3L....... 12,578,435 13,262,746 3,632,026 4.330,332
2,779,872
2,151,604
7,350,384
July l to Deo. 3 1 - . . . 6,506,846
Paoido System.b..Deo. 2,993,392 2,519,779 1,157,789 I I ,808,674165,412
Jan. 1 to Deo. 3 1 ..... 34,647.175 31,633,696 14,007,744
July 1 to Dao. 31—.. . 19,806,215 16,852,630 8,969,857 6,669,380
1,587,724
Total of a ll.b .l ...D eo. 4,812,331 4,324.260 1,916,602 16,742,066
50,890.142 49,646,103 18,763,403
J a i. 1 to Deo. 31.
July 1 to Deo. 31 — 28,470,514 26,440,067 12.0L5.924 10,428,272
293,730
387,815
774,858
919,494
So. Pao. of Oal.b...Dec.
Jan. 1 to Deo. 31—.. . 10,275,559 9,957,843 4,3 32.681 3,651,393
•July 1 to Deo. 3 1 - . . . 5,775,389 5,050,060 - 2,720,992 2,129,069
2^,356
126,799
223,884
272,491
So. Pao. ot Ariz.b..Deo.
396,554
869,285
Jan. 1 to Deo. 3 1 ..... 2,579,351 2,284,682
67,979
507,395
July 1 to Deo. 31. .. . 1,325,545 1,116,540
59,554
63,827
114,754
130,6 22
80. Pao. of N. M.b..Deo.
466.596
667,646
1,156,613
Jan. 1 to Deo. 31—. . . 1,336,421
252,536
322,655
567,795
648,632
July 1 to Deo. 3 1 - . . .
49,710
65,992
171,832
19 2,617
Northern R y .b .....D e o .
833,043
794.
U
l
Jan. 1 to Deo. 3 1 ..... 2,276,598 2,202,839
569,125
562,977
1,242,923
1,312,678
July 1 to Deo. 31
Southeru R a llw a y .a .J a u . 1,674,976 1,565,963
529,322
479,793
S
l » l Ä
‘ „ l ! ; « 8 : 7 3 1 l lU o i .S H 4,030,406 3,779,147
.
Pennsylvania—
Lines directly operated—
5(U .
East of Pitts.&E..Dec. 5,617,804 5,192,304 1 ,664,297 1,638,197
Jan. I to Deo. 31.-64,223,176 62,096,576 20 ,5 12,068 18.203,768
Ino. 430,800
West of Pitts. &E.Deo..
In o. 894-,700
Ino. 2,165,000
Jan. 1 to Deo. 31...
Inc.2,051,500
596.010
439.759
313,041
256,431
24,336
20,385
75.166
def.9
def.737
Peoria Deo. & E v - .Sept.
80,636
1,460
Stony Cl. & C. M ..b..D eo.
*»122
175,296
125.932
636,481
12,800
Jan. 1 to Sept. 3 0 ....
673,590
7,493
40,023
Jan. 1 to Dec. 31 —...
34,997
17.700
21,693
14,614
8,994
40,907
28,563
^ .9 4 7
Petersburg............ ...Dew;
July 1 to Deo. 3 1 .....
25,184
235,900
271,171
549.845
Jan. 1 to Dec. 31 . . . .
563,948
106,978 Syracuse Gen. & Corn.—
117,110
247,579
77,544
July 1 to Deo. 3 1 .....
252,236
88,286
185,123
190,424
Occ. 1 to Deo. 3L.......
162,645
153,771
209,162
476,596
240,259
682,689
Phila. & Erie, b ........ Nov.
496,164
631,319
Jan. 1 to Deo. 31.......
Jan. 1 to Nov. 30....... 4,255,057 4,161.177 1,271,189 1,215,007 Terre Haute & I nd’ polls—
636,305
728,090
74,548
121,218
Phila. & Reading......Jam. 1,724,472 1,509,871
Oot. 1 to Deo.
31.
362,572 311,096
216,804
351,635
July 1 to Jan. 31. - 13,610,636 12,727,433 6,287,851 5,789,799
Jau. 1 to Deo.
31. 1,198,6001,201,609
dt.
134,257
def.54,904
Coal& Iron C o ... Jan. 1,944,401 1,694,066
St. L. Van & Terre H .—
596,778
763,218
72,389
123,356
July 1 to Jan. 31.....15,327,284 14,055,495
Oot. 1 to Deo.
3 1 441,409 394,068
196,328
502,548
297,169
673,186
3.203,937
Jan. 1 to Deo.
31. 1,540,5751,577,208
Total both Co’ s....J a n . 3,668.873
6.386,577
July 1 to Jan. 31—...28,937,920 26.782,928 7,051,069
Terre Haute & Logan.—
31,877
56,293
24,760
144,703
30,290
173,364
Oct. I t o Deo. 3 l .......
Reading Oomp’ny..Jan.................—
87,128
168,878
205,124
587,583
214,574
610,539
Jan. 1 to Dec. 31.......
July 1 to Jan. 31—. . .
........
527 308
703.476
Indiana & Lake Mioh.—
_ Total all Com pan’s Jan...............—
def.922
def.808
15,674
7,265,643 6,591,703
13,872
Oot, 1 to Deo. 31
July 1 to Jan. 31.............. . . . . . .
66.97L def.2,488 def. 7,278
67,709
17,312
Jan. 1 to Deo. 31.......
13,348
55,127
Phil. Bead. & N.Eng..Deo.
57,952
192,604
232,409
637,417
Terre Haute & Peoria—
Jau. 1 to Deo. 3L. . . .
664,336
2,344
31,245
100,575
101,759
135.932
131 535
359.617
Oot. I to Dee. 31. . . .
July 1 to Deo. 31—. . .
376,979
10,921
39,477
395,522
143,750
Jan. 1 to Dec, 31—. . . 418,069
169,950
675,803
Phila. Wilxn. & Balt..Deo.
744,903
East St. L. & Carond’t—
Jan. 1 to Deo. 31....... 8,942,149 8,881,7 «I 2,444,221 2,318,055
10,439
9,963
339,499
396,699
21,269
25,868
Oct. 1 to Dec. 31. ....
N ov.l to Deo. 31. . . . 1,493,962 1,348,062
23,151
29,454
76,739
81,697
Jan. 1 to Deo. 31. .. .
Pitts. Chartiers & Y ’h’y—
18,281
38,442
20,024
37,597
34,517
65,514
45,118
59,280
Texas Central .......N o v .
Oot. 1 io Deo. 31.......
69,839
107,430
101,355
69,873
260,359
197,850
301,223
159,774
Jan. 1 to Nov. 30—. . .
330,178
378,333
41,907
1,314,595 1,084,420
62,384
160,198
Toledo&Ohio Cent.b.Deo. 181,216
490,071
513,455
2,253
1,909
4,309
4,321
Jan. 1 to Deo. 31—. . . 1,732,108 1,797,600
Pitts. Lis. & W e s t -D e c .
231,379
3,953
279,128
15.927
924,889
43,996
47Ì471
ju lv 1 to Deo. 31.......
903,429
Jau. 1 to Deo. 3 1 .,...
53,433
76,081
197,381
15,126
239,731
21.483
Pittsburg A Western.Deo.
Toi.
Peoria
&
W
est-Jan.
75,531
71,204
950,069
960,081
131,980
3,014,055 2,856,139
168,071
July 1 to Jan. 31—. . .
596,015
539,398
503,686
510,661
1,662,767 1,417,220
7,826 Toi. St. L. & Kan. City a —
14,863
55,959
133,213
84,444
66,087
618,502
Pitts. Youngs. & A „.J a n .
613,389
Oot. I to Deo. 31.......
403,258
29,616
31,514
230,569
52,634
54,487
Jan. 1 to Deo. 31....... 2,253,811 2,162,896
Rich. Fred. & P o t-..D eo.
217,8
-19
252,011
695.094
697,986
Jan. 1 to Deo. 31—. . .
111,359 Ulster & Delaware—
129,918
308,415
24,400
325,639
23,089
90,686
July l to Deo. 31—. . .
Oot. I t o Deo. 31.......
89,363
100,788
5,231
121,402
9.112
24,672
403,687
25,958
Jan. 1 to Deo. Jl .......
399,966
Bloh. & Petersburg..Deo
90,399
117,201
338,074
335,137
Jan. 1 to Deo. 31—. . .
Union Pacido—
42,547
53,978
159,685
156,617
July 1 to Dec. 31.......
351,639
591.058
Union Pao. Ry.b,..Deo. 1,441,062 1,175,593
f 7,907
fll,2 3 8
26,355
37,459
Rio Grande Junot— .Nov.
Jan. 1 to Deo. 31—.16,441.892 14,182,291 6,177,159 5,307,440
f
85,473
fl08,799
284,911
362,664
Deo. 1 to Nov. 30.......
21,539
23,797
Oe at. Branch.b ...D eo.
53,768
15,405
19,605
32,498
209,588
41,833
271,506
Rio G fn d e 8outh. b .. Deo.
Jan. 1 to Deo. 3 1. — 612,665
445.921
188,599
153,899
448,073
388,035
Jan. 1 to Deo. 31—. . .
3,419
10,819
106,957
Leased lin es.b ....D eo.
43,548
33,622
86,419
228,687
212.499
July 1 to Deo. 3 1 .....
94,790 def.21,372
Jau. I to Deo. 31—.
514,206
335,087
69.705
95,479
203.400
270,444
Rio Grande West.b..Deo.
442,941
713,418
823,792
Grand total.b.— Deo. 1,728,687
2,974,223 2,402,843 1,116,865
440,440
Jan. 1 to Dec. 31.-19,420,983 16,490,510 7,227,074 5,800,976
693,343
1.805,227 1,294,507
93,154
138,631
35,360 le f. 15 065 Un. P. D.& G ulf.b— Deo.
339,175 _ 272,591
83,545
112,143
St. Jos. & Gd. Isl...... Deo.
763,851
113,533
451,261
Jan. 1 to Deo. 31—. . . 3,554,577 3,101,716 1,050,775
724,167
Jan. 1 to Deo. 31—. . . 1,162.764
67,460 V ermont Valley ~
255,378
435,963
659.641
July 1 to Deo. 31.......
24,518
23,951
51,620
51,201
198,636
211,341
Oot. 1 to Dee. 31—.
495,471
543,714
72,335
St. Louis & Sau Fr—Deo.
69,026
209,633
201.969
2,464,279
2,709,004
6.039,591
Jan. 1 to Deo. 31. .
Tan. 1 to Deo. 31—. . . 6,482,142
1,411,394
1,610,694
3,120,936
3,609,747
July 1 to Deo. 31—. . .
Visalia & Tulare b —
931
811
2,287
2,227
75,652
62,921
218,273
Oot. 1 to Deo. 3 1 190,375
2,326
San Ant. & Aran. P -D eo.
3,138
8,749
8,978
691,322
523,217
Jan. 1 to Deo. 31—
2,051,806 2,117,289
291,680
300,071
541,196 V a bash .b................. Deo. 1.055,907
405,182
965.375
0 55.3 07
1,148,657 1,302,203
11.963.904 3,880,297 3,338,307
6,112
16,816
45,040
Jan. I to Deo. 3 1 .....1 "' aoß.-2i>0
~
58,139
1,900,739
San Fr. & N. Pao...... Jan.
2,233,409
6,134,059
,813,473
162,
L56
221,303
447,506
July 1 to Deo. 31. - .
529,170
July 1 to Jan. 31.......
24,048
6,783
35,081
17,717
27 ,93 1 Waco & Northw’ n .. Deo.
35,693
52.426
64,269
140,950
Santa Fe Pros.* Ph-D eo.
88,216
278,579
224,741
157,518
204,67
L
306,654
Jau. 1 to Deo. 3 1 .....
366,652
July 1 to Deo. 31. . . .
92,793 Walkill Valley—
80,806
298,988
323.892
11,524
Sav. Fla. & W est, b - Deo.
16,412
43,090
44,736
888,425
972,879
Oot. 1 to Deo. 31—.i—
35,535
Jan. 1 to Deo. 31....... 3,436,357 3.417,477
41,629
171,410
170/672
426,130
433,0
L5
Jan. 1 to Deo. 31—. . .
1,652,017
July 1 to Dec. 31. . . . 1,701,652
8.453
152,818 def. 15,789
163,574
7,570 W. Jersey & Seash’e.Deo.
6,870
14,172
15,762
586,888
Silver gp. Ooala &G.Deo.
591.922
,550,940 . 2,554.920
99,584
95.786
188,264
Jau.
1
to
Deo.
31.
191,249
Jan. 1 to Deo. 31—. . .
25,294
35,532 West’ n o f Alabama.-Deo.
26,625
60,976
40,042
61,706
77,850
90,660
July 1 to Deo. 31—. . .
222.597
230,517
593,128
601,076
2,064
3,166
Jau. 1 to Deo. 31.......
3,844
5,564
142,494
Silverton.................... Deo.
114,953
335,880
300,423
July 1 to Deo. 3 1 .....
8,034
12,795
18,694
25,539
32,965
34,889
Sioux City & North ..Deo.
93,337
98.306
51,479 Wesfc.Va.Cent.&Pitts.Dao.
86,013
224,256
279.161
177,492
Jau. 1 to Deo. 31—. . .
587,280
197,811
583,495
July 1 to Deo. 31. . . .
South Oar. & Georgia—
16,204
13,982
234,130 W.Virginia* Plrtsb-.Nov.
31,067
278,690
31,644
592,077
695,903
July 1 to Deo. ö l - . . .
187,177
166,8 77
357,893
361,503
Jan. 1 to Nov. 30. . . .
def.9 4
def.25
2,599
93,750
1,909
83,895
166,056
176,150
South Haven & East..Nov.
July 1 to Nov. 30.......
1,716 def. 3,0 30
25,863
25,149
Jan. 1 to Nov. 39—. . .
F e b r u a r y 26, 1«898.]
—Gross Earning 8.1897-8.
1896-7,
THE CHRONICLE
421
-Net Earnings.1897-8.
1896-7.
" is q t srcnta\SL o f N e t E a m s . ^
1897-8.
1896-7.
1897-8.
1896-7.
Roads.
Long Island RR . ... Deo.
101,96a
93,423 *df.37,59l *df.63.546
July 1 to Deo. 31.......
615,753
619,972 *401,803 *313,646
Long Island RR.Sys.Deo.
113,022
109,224
*df.52,291 df.8 2,930
July 1 to Deo. 31.......
684,846
687,188 *446,101 *339,311
Mo. Kansas <&Texas.Deo.
285,566
............
109,083
J uly I to Deo. 31....... 1,713,812
............ 1,018,631
Nashv.Chat. «fe 8t. L .. Jan'.
126,569
125,881
21,672
12.171
July 1 to Jan. 3 1 .....
897,240
876,287
310,405
272,182
Philadelphia «fe R eadingAil companies. ....Jan.
745,000
def.41,524
J
earnings here given are after deducting taxes.
July I to Jaa. 31. . . . 5,215.000
2,050,643
® Net earnings here given are before deducting taxes.
Pitts.
C.
O.
«fe
St.
L...Jan.
247,615
293.194
130,718
c Deducting other expenditures for repairs,replacements and general
31,984
Rio
Grande
Juuot
...Nov.
7,708
lo q
nei inoo“ e applicable to interest on bonds in November wa»
7,708
3,530
Deo. 1 to Noy. 3 0 .....
92,500
In
o r f i 81 $125,142 last year, and from January 1 to November
92,500
16,299 def.7,027
30, $1,270,892,against iSl,223,139.This is the result in Mexican dollars Rio Grande South....Dae.
14,140
14,107
5,465
1,293
treated (according to the company’s method of keeping its aooounts)
July 1 to Deo. 31.......
34.840
84,640
1.579
22,317
as equivalent to 80 cents in United States money—that is, all depreoi
San Fran, «fe No. Pao. Jan.
19,004
19,104 def 2,183 def.12,992
atmn bevond20 per cent has already t>een allowed for.
July 1 to Jau. 3 1 .__
133,023
133,723
88,280
28,428
a ^ d u d e s tl16 operation of seven miles of Susquehanna Connecting
South Car. & Georgia—
July 1 to Deo. 31.......
f Thirty Per cent of gross earnings.
170,350
161,150
108,340
72,980
g After allowing for other income received, total net from July 1 to Tenn. Coal I. <&RR,..Jan.
47,479
47,777
21,830
10,181
December 31 was $288,916. against $125,233
<fc O. Cent...... Deo.
42,254
37.868
*20,397
1 Includes besides Atlantic 8ystem the Houston <fe Texas Central, Toledo
*4,266
July
1
to
Deo.
31.......
236,097
227.283
*±3,044
Austin & Northwestern, Central Texas <&Northwestern and Ft. Worth
*5,998
« N e w Orleans.
Tol. Peoria <fe West...Jan.
22,373
22,673
def.890 def. 7,547
July 1 to Jau. 3L.......
* Figures beginning with July include At. T. & 8. Fe, Gulf Col. <feSan156,609
161,683
11,462 def.29,703
4a Fe, Santa be Pacific (old Atlantic <fe Pacific) and So. California Ry..
* After allowing for other income received
but not Sonora Ry. and N. M. <x, Arizona, which previous to July had
been included.
J
I After allowing for miscellaneous interest pa il.
1898, taxes and rentals amounted to $147,784, agst.
>P99, and from July 1 to January 31 $987,128, agst. $1,192,961
STREET R 1IL W 1Y S AND TRACTION COMPANIES.
’lo iein S d,UOnIlg which, net for January 1898, was $346,650, against
$316,032. From July 1 to January 31 net, after deducting taxes and
The following table shows the grois earnings for the latest
rentals, is $5,734,675, against $4,551,875.
1 Includes Chesapeake Ohio & Southwestern from July 1,1397, Ohio period o f all s t r e e t railways from which we are able to ob1897 from Au£ust 1» 1897, and Chicago & Texas from October 1, tain. weekly or monthly returns. The arrangement of the
Hoads.
West.N. Y. & Penn. b..Deo.
238,703
226.187
92,378
62,670
Jan. 1 to Deo. 31.
3,130,463 3,036,651 1,017,355 1,061,483
July 1 to Deo. 31....... 1,846,825 1,671,137
737,728
632,201
Wrightsv. & Tenn....Deo.
7,693
8,249
3,384
4,453
Jan. 1 to Dec. 31.......
88,361
92,999
31,236
42,331
July 1 to Deo. 31.......
49,426
48,231
21,336
24,315
York Southern......... Deo.
5.734
5,552
1,822
2.184
Jau. 1 to Dec. 31. . . .
70,129
68.838
24,620
» 25,*05
July 1 to Deo. 31.......
39,072
33,463
15,406
17.248
j) Includes Chicago Burlington & Northern for both years.
Including income from ferries. «fee.
Miscellaneous Companies.
cable is the same as that for the steam roads—bh*t is, the
first tw o columns of figures give the gross earnings for the
latest week or month, and the last tw o columns the earnings
for the calendar year from January 1 to and including suoh
latest week or month.
6
STREET RA ILWAYS AND TRACTION COMPANIES.
r— Gross Earnings.— *,---- Net Ear nings.-----,
1897-8.
1896-7.
1897-8.
1896-7.
Latest Gross Earnings.
Jan. 1 to Latest Date.
$
$
$
$
G r o ss
dolam bus Gas C o ....J a n ...............
........
16,907
18,428
E a r n in g s .
ro 1897-8 1896-7. 1897-8.
Apr. 1 to Jan. 31..............................................
104,338
1896-7.
108,251
Consol. Gas Co.,N.J.Jan.
........
........
1,374
447
$
$
$
Ed. El. 111. Co., Bklyn.Jan.
89,381
83,748
44,002
42,397 Akrou Bedf’ d <&Olev. January..,5,65?
5.550
5 655
5 ,5 5 0
Amsterdam St. R y ... Dec«
Edison El. n.Co.,N.Y.Jan.
298,307
240,299 165,389
- 4.596
3,982
136,544 Atlanta
49.8
74
49.176
Railway. . . . Deof_____ 6,624
6,117
G rand Rap. Gas-L. Co.J an.
........
........
14168
89,161
86,082
14,473 Atlantic Coast Eleo.. October.. 7,721
6,282
Jackson Gas C o......Jan .
........
........
22 4 2
Atl. Highl’ ds Red B’k
2,159
Mar. 1 to Jan. 31..........................................
21*419
<fe Long Br. Eleo.Ry. Novemh’r.19,420
2,863
2,103
3 8 ,5 8 2
Laclede Gas-L. Co....Jan.
........
........
93 696
83,495 Baltimore Con. Ry.*... January..,- 167,52( 159,292 1 6 7 ,5 2 6 159.292
Bath St. Ry. (Maine). January..
l,30f
1.311
6 465
Madison Gas & Eleo..Deo....................................
1 ,3 0 6
1.311
6,098 Bay Cities C on sol.... January.. 6.2 £
6,336
April l to Deo. 31.............................................
33,*42 j
6, ¿53
6,336
30,343 Binghamton St. R y... January.. - 11,102
10,026
11,
’
02
10.029
Mexican Telephone..Nov.
10,878
9,831
4*,113
3,564 Bridgeport Traction. January.. - 26,89« 22.603
2 6 .8 9 8
22,606
Mar. 1 to Nov. 30.......
95,574
91,626
35,259
27,323 Brockton Coo. St. Ry. January.. . 25.111 22 918
25,1 11
22,918
Elevated.. January.. - 98,000 89,000
349,857
256,946 73,452
Pacific Coast Co.......Deo.
40.747 Brooklyn
9 8 ,0 0 0 i
89,000
Br’
klyn
Rap.
Tr.
Co.—
Jan. 1 to Deo. 31....... 3,978,173
3,233,239 837,039
399,495
Brooklyn Heights> ,
Pacific Mail.............. Deo.
327,076
388,880
24,163
106,826
B’klynQ’ns&Sub. J January.. . 414,810 392.286 414,810 392,286
Jan. 1 to Deo. 31....... 4,179.483
3,968,503 732,009
610,530 Calumet E lectric..... December - 14.892
May 1 to Dec. 31.......] 2,640,141
2,630,824 487,319
482,070 Charleston City R y .. January..'- 11,773
11,773
St. Joseph Gas C o....Jan.
........
4737
4,292 Citizens’ St.Ry..radp. December . 87,650 77,378
ttilitJuly 1 to Jan. 31........................................ 35,153
22,360 Ottiz’ns’ (Munoie Ind.) January
5,418
4,390
"5/418
4,390
City Eleo. (Rome,Ga.)]jauuary,
St. Paul Gas Lt. C o...Jan ...............
........
21,956
1.572
l,±3
16,018 Cleveland
1.572
1,438
Eleotrio... January. 135,75 < 124,178 135,753
Tenn. Coal I. & RR_..Jan.
........
........
69,309
124.178
57,933 Oleve. Painsv. <fe E. (January...
5,4 <7 4.50 *
5 ,4 3 7
4,500
Western Gas Co.—
Columbus St. Ry. (O.)lJanuary.
¡53,788 48,869
5 3 .7 8 8
46.869
Milwaukee Gas-L.Oo.Jan. . . . . . . .
............
52,896
52,318 Uoasoli’d Trae. (N. J.)!Januarv.
242,590 217,316 2 4 2 ,5 9 0 217,316
Dauv. Gas El. Light <fe
Street R y ..............N ovem b’r
10,141
95,785
Interest Charges and Surplus.—The follow ing roads, in Denver Con. Tramw.. December 64,995 57,89 7 723,368 724,511
addition to their gross and net earnings given in the fore- Detroit Citi’ns’ 8t.Ry. 2 wks Feb . 42,398 38,132 133,983 120.371
Detroit Eleo. R y ...... January... 33,567 33,457
3 3 ,5 6 7
33,457
going, also report charges for interest, &o., with the surplus Duluth
St. R y.. . . . . . . January... 14,359 13,024
1 4 ,3 5 9
13,024
or deficit above or below those oharges,
Erie Eleo. Motor Co.. January... 10,986 10,258
10.9.6
10,258
Galveston
City
R
y
...
Septemb’r
r— lnt., Rentals, do.— ><-Bal. o f Net Earn’as.-. Harrisburg Traction. January... 1-1,542 19,148 163,399 1 6 1 ,6 9 2
18,497 16,37 fi
1 8 ,4 9 7
1897-8.
1896-7.
1897-8.
1896 7.
16,376
Herkimer Mohawk IIRoods.
$
$
$
$
ion
at
F’kfort
El.
Ry.
December
3,492
3,765
39,571
Bangor <&Aroostook—
42,604
Hoosiok R v ............... O ctober...
619
6 <u
6,541
Oot. 1 to Deo. 3 1 .....
7,233
72,399
65,713
19,404
19,717 Houston Eleo. St. Ry. January.
16,623 14,072
1 6 ,6 2 3
14,072
Chic. Burl.& Quincy.Deo.
890,000
876,202
496,173
474,643 Interstate Consol, oi
July 1 to Deo. 31....... 5,340,000 5,257,211 4,345,919 2,786,364
North A ttleboro.... January..,
9,934
8,943
9 ,9 3 4
8.943
City R y ..... January..,
4,000
Chic, «fe East. Ill.......Jan. 1 128,337
3,679
4.00 J
120,784
*23.516
*27,181 Kingston
3,679
Lehigh
Traction . . . . . Ianuary.
8,170
July 1 to Jan. 31___
888,400
8,702
8,170
8,702
817,165 *352,675
*325,6 j1 London St. Ry. (Can.). January..,
7,706
6.601
7,706
6,601
Chlo. Indianap. «fe L. Deo.
79,840
83,131 def.21,618
1,336
Lowell Law. <&H av.. January.
30.705 27,5±i
3
0
,7
0
5
27,541
July 1 to Deo. 31.......
477,778
509,887
79,014 def.48,632 Metrop (Kansas City) January.’ ! 147,659 128,793 1 4 7 .6 5 9
128,793
Chic, «fe W. Mich........Deo.
36,582
35,542 def 5,347 def.10,423 Metro. W. Side (Ohio.) January.., 99,662
9 9 ,6 3 2
Jan. 1 to Deo. 31.......
415,971
4,261 3.6 d)
408,364 *df.62,783 *df.85,727 Montgomery St. Ry.. January...
4 ,2 3 1
"3 ,6 5 0
Montreal
Street
R
y...
Jana
«ry.
Chic. Term. Transí...Deo.
53,965
99,636
............
8,484
............ Nassau Eleo. (B’ klyn) January. 110,156 99.636 1 1 0 ,1 5 6
July 1 to Deo. 31.......
321,163
............
50,163
............ Newburgh Eleotrio... January... 135,438 109,623 1 3 5 ,4 3 8 109.523
4,921
4,520
4
,9
2
1
4,520
Choc. Okla. <fe Gnlf...Deo.
19,000
19.000
41,048
35,028 New London St. R y.. December
3,61
3,082
87
5 3 ,4 2 8
Noy. 1 to Dec. 31.......
38,000
38.000
100,088
54,473 NewOrleansTraotioo January. 105,784 99,721 1 50 33 ,5
,7 8 i
99,721
Jlev.Oin.Ch.<&8fc.L..Dec.
251,403
247,775
97,548 91,591
62,980
95,813 North Shore TraetioD January.'
9 7 ,5 4 8
91,591
July 1 to Dec. 31....... 1,453,919 1,422,605
1,041
1,031
243,446
255J>33 OgUeasburg St. R y... January...
1 ,0 4 4
1 ,0 3 1
Paterson Ry . . . . . . . . January...
Peoria <&Eastern.. Deo.
36,802
2 7 ,4 6 2
36,802
23,769
17,172
1 0 *2 6 Po’ keepsie <feWapp.F. December. 27,462 23,769
6,179
6,061
July 1 to Deo. 31____
220,810
8
6
,4
0
3
220,810
86,134
22,569 def.40,933 Richmond Traction.. January...
8,633
8,034
8 ,6 3 3
8,034
Denver «fe Rio GrMe..Deo. 196,384
194,219
76,942
21,660 Rochester Ry . ... . .. December.
7 9 1 ,1 8 1
847,440
July 1 to Dec. 31....... 1,199,789 1,176,037
586,856
360,433 Rox Vhuh.H <fe Nor'n January.
4.373 ’ 4,02’ j
4
,3
7
3
4,029
Det. Gd.Rap.«feWest.—
Schuylkill Traction.. Septrtmb’r.
8.526
8,480
6 7 ,0 8 6
72,816
Jan. 1 to Deo. 31.......
239,833
234,274
4.066
3,509
*97,558 ‘ df.52,696 Sohuylkill Val. Crao. January...
4 .0 <6
3,509
Scranton<
&
Oarbond’e
January...
2.891
Flint <fe Pore Marq...Nov.
54,560
2 ,8 9 1
50,823
18,261
94 Scranton & Pittston. ianuary...
4,788
Jan. 1 to Nov. 30.......
588,091
4,730
4 .7 8 8
564,205
4,730
85.414
39,658 Scranton Railw ay.... Ianuary... 30,166
27,572
30.1.6
Kanawha «fe M ioh....Deo.
11 753
27,572
10,387
1,311
8,250 Syracuse Rap. Tr. Ry. January.
37,487 32,190
July 1 to Deo. 3 1.......
69,018
32,190
61,732
18.414
2,317 Terre Haute El’o. Ry. Septemo’ r. 14,259 13,705 137,487
l
l
,
790
120,341
Kan. O. Ft. S. <&M ...,Dec.
119,358
116,793
t3,384
tl.847 Third Avenue (N.Y.). December.
,597,632 2,625.89 5
Jan. 1 to Dec. 31....... 1,385,006 1,38 2,361 tll6 ,3 4 4
t22,807 Corouto R y ...., . . . . January... 86,563 74*546
86,563
74 54 6
July 1 to Dec. 31.......
690,822
690,490 U32.416
166.405 Twin City Rap. Tran. Jauna-y... 166,723 L51.968 163,723 151,96 8
Union (N. Bedford).. January,
Kan. O. Mem. <fe Bir..Dee.
16,507
15.802 16,65 l
16,507
15,802
16.85
1
*41,724
*30,297
United Tract. (Pitts.) January...
July l to Deo. 31......
99,042
99,042
*85,941 *119,109 United Tract. (Prov.) January... 117 980 L04.967 117,960 104,967
138,578 129,183 133,578 129,18 3
L. Erie <fe West’n...... Deo.
60,348
60,463
92,828
74,624 Unit. Trao. (Reading) January... 12,824 11,677
721,636
Jan. 1 to Deo. 31.......
12,824
11,677
700,627
741,647
726,389 Wakefield & Stone.... January...
3,614
3,288
3,614
3,2 88
THE CHRONICLE.
42 2
G ro ss
E a r n in g s .
Latest Gross Earnings.
Week or Mo 1898.
1897.
Jan. 1 to Latest Date
1888.
$
22.235
Waterbury Traction.. January... |22,235 19*071
West Chicago 8t. Ry <d wk Feb. 67.895 66,340 488.601
14,276
Wheeling Railway... January... 14,276 12,925
40,356
Wilkesb. & W.v. Valley |January... 40.356 39,419
* Includes Baltimore Traction and. City & Suburban lor both years.
Street Railway Net Earnings.—Ia the following we show
both the gross and the net earnings to latest dates of all S t r e e t
railways from which we have been able to procure monthly
returns. As in the case o f the steam roads, the returns o f the
different roads are published by us each week as soon as re
ceived, and once a month (on the third or the fourth Satur
day of the month) we bring all the roads reporting together,
as is done to-day. Besides the roads making monthly returns
we publish this week those making quarterly returns.
■Gross Earnings.---- . r— Net E a r n i n g s —
1896 7.
1896-7.
1897-8.
£1897-8.
$
$
Roads.
$
$
df.96
5,655
5,550
86
Akron Bed. & Clev...Jan.
548
4,596
757
3.982
Amsterdam St. Ry...Deo.
10,084
49,874
49,176
11,697
Jan. 1 to Dec. 3 1 .....
1,065
1,244
6,624
6,117
Atlanta Rail w ay.....D ee.
20,513
19,924
86,082
89,161
Jan. 1 to Deo. 3 1 .....
Atl. Highl’d8 Red Bank &
1,245
561
2,863
2,103
Long Br. Etee Ry..Nov.
16,691
33,582
JaD. 1 to Ncv. 30.......
524
6,282
2,182
7,721
Atlantic Coast R y.. .Oot.
Baltimore Con. St. R y.—
582,618
710,884
July 1 to Dee. 31....... 1,270,103 1,210,495
def. 68
1,311
def. 361
1,306
Bath St. Ry. (Maine) .Jan.
2,152
6,33 6
1,704
6,253
Bay Cities Con.St.Ry. Jan.
2,442
10,029
3,137
11,102
Binghamton St Ry...Jan.
7,451
11,246
22.603
26,893
Bridgeport Traet’n ..Jan.
96.7L9
80, o82
193,649
200,403
July 1 to Jan. 31.......
7,022
10,369
22,918
25,111
Brockton Oon.St. Ry. J an.
Brooklyn Rapid Transit—
Brooklyn Heights b —
. "
450,094
430,373
Oct. 1 to Deo. 3 1 ..... 1,110,371 1.063,170
Jan. 1 to Deo. 31....... 4,461,519 4,360,085 1,772,408 1,827,116
B’klyn Queens Co. & Sub.b—
62,751
80,714
178,218
Oot. 1 to Deo. 3 1 .....
186.975
286,505
324,219
716,170
740,394
Jan. 1 to Deo. 3 1 .....
B’klvn Cltv & Newtown—
42,2 88
127,024
136,591
172,453
Oot. 1 to Deo. 3 L.......
202,956
134,559
536,570
443,819
Jan. 1 to Deo. 31.......
Brooklyn Elevated—
177,266
175,137
433,914
459,494
Oot. 1 to Deo. 3 1 .....
678,378
621,923
Jan. 1 to Dee. 31....... 1,695,455 1,713,514
Buffalo Railway—
1 _
170,702
337,990
173,825
344,037
Oot. 1 to Deo. 31.......
683,882
635,324
Jan. 1 to Deo. 3 1 ..... 1,361,166 1,386,537
Bufi. & Niagara F. Elec.—
10,856
Oct. 1 io Deo. 31.......
29,534
Calumet Electric ....D e o.
14,892
142,921
May 1 to Dec. 31.......
4,496
Charleston City K y.. Jan.
11,773
42,124
July 1 to Jan. 31.......
96,124
[2,155
.2,821
[4,390
Cit.St.Ky.jMun, (lad.) Jan.
| 5,418
210
df.47
1,438
City Eleo.(Rome,Ga.) Jan.
1,572
42,899
135,572
62,636
Cleveland Eleotrio...Deo.
146,435
553,864
593,075
Jan. 1 to Deo. 3 1 ..... 1,632,020 1,634,842
1,265
1,239
4,500
Clev. Painesv. & E...Jan.
5,437
23,097
28,598
46,869
Columbus (O.)St.Ry.. Jan.
53,788
102,877
122,392
217,316
Oonsol.Traot’ n.N.J.bJan.
242,590
952,741
840,375
July 1 to Jan. 3 1 ..... 1,838,726 1,694,591
Coney Island & B’klyn,—
¿44,973
69,862
14,965
Oct. 1 to Dec. 3 i . ...... (146,795
133,341
117,250
343,170
Jan. 1 to Dec. 31.......
434,603
Orosstown St. Ry. (Buffalo)—
34,712
42,623
116,983
Oct. 1 to Deo. 31.......
123,754
142,234
159,929
470,155
Jan. 1 to Deo. 31.......
433,007
4,500
Danv.Gas El.-L.&St.Ry.Nov. 10,141
43,202
Jan. 1 to Nov. 3 0 .....
95,785
Denver Con. Tramw..Deo.
64,995
724,511
291,310
281,771
Jan. 1 to Deo. 31.......
723,368
42,253
82,239
36,962
Detroit Citlzens’ St. Ry. Jan. 91,585
11,786
10,432
33,457
33,567
Detroit Eleotrio Ry..Jan.
D ry Dock E. B. & Bat.—
58,990
169,671
44,858
173,723
Oot. l to Deo. 3 1 ....
194,691
717,260
183,903
681,571
Jan. 1 to Deo. 3 1 ....
8,512
7,662
16,953
17,436
Duluth Street R y....N ov.
44,821
49,152
95,279
87,588
July 1 to Nov. 3 0 .....
Dunkirk & Fredonia—
........
2,290
5,461
Oot. 1 to Deo. 3 1 .....
Forty-8eo.8t.Manh.&St.N.Ave.—
175,243
36,275
25,595
Oot. 1 to Deo. 3 i . . . . .
187,767
123,718
710,498
137,977
732,605
Jan. 1 to Deo. 31. . . .
Fulton St. (N. Y.) —
7,012
14,222
6,187
15,086
Oct. 1 to Deo. 3 1 ....
7,615
6,936
18,542
19.148
Galveston City Ry..Sept.
62,987
60,713
161,692
163,399
Jan. 1 to Sept. 30 . . .
6,369
9,250
16,376
18,497
Harrisburg Traot’n..Jan.
54,599
67,321
135,523
144,790
July 1 to Jan. 31. . . .
Herkimer Mohawk Ilion
1,936
1,751
3,765
3,491
& Frank. Elee.Ry..Dec.
20,533
18,224
42,604
39,571
Jan. 1 to Deo. 3 1 .....
Inter-State Consol. Street
11
1,438
8,943
9,934
Ry. (No. Attleb.)...Jan.
950
588
8,702
8,170
Lehigh Traction....... Jan.
33,205
34,115
72.149
63,331
July 1 to Jan. 31.......
2,574
1,611
6,601
7,706
London St.Ry.(0an.). Jan.
7,845
10,819
27,541
30,705
Lowell Lawr’oe & H. Jan.
Manhattan Elevated (N .Y.)b—
Oot, 1 to Deo. 31....... 2,597,186 2,482,990 1,239,101 1,135,600
y
Jan. 1 to Deo. 31----- 9,287,676 9,128,112 3,969,370 3,717,649
Market St. Ry. (San Fran.)
Jan, 1 to Deo. 31....... 3,408,696 3,259,989 1,351,059 1,201,967
[VOL. LXV I.
— Gross Earnings.— — Net Earnings.—
1897-8.
1896-7,
1897-8.
1896-7.
Roads.
$
$
Metropolitan St.Ry.(N.Y.)
Oot 1 to Dee. 31....... 2,383,458 2,272,754 1,174,638 1,081,407"
Jan. 1 to D e3. 3 1 ..... 9,080,340 8,382,195 4,257,260 3,712,916
128,793
61,424
43,392147,659
Metro’n St. Ry.,K. C. Jan.
600,627
523,063June 1 to Ja a. 31. . . . 1,319,536 1,211,764
36.017
99,632
Metr. W. Side El. ,Chio.J an.
344,891
843,627
Mar. 1 to Jau. 3 1 .....
2,124
3,650
1,64«
4,261
Montgomery St. Ry..Jan.
4,520
1,199
1,185
4,921
Newburg 8t. Ry.Jan........
24,062
53,826
23,977
53,737
July 1 to Jan. 31.......
3,082
811
455
3,311
New London St. Ry.Dso.
18,732
53,423
20,161
53,587
Jan. 1 to Deo. 3 1 .-...
45,409
109,930
36,951
107,9 Î6
New Orleans Tract..Deo.
399,870
565,784
Jan. 1 to Deo. 3 1 ..... 1,237,251 1,322,825
43,399
37,777
103.772
103,803
North Shore iTact’ n..Dea.
623,020
610,466
Jan. 1 to Deo. 31----- 1,450,553 1,439,475
130.683
317,918
336,537
120,973
Oot. 1 to Deo. 31.......
23,769
10,736
27,462
Paterson Railway...Jan.
8,738
2,400
6.035
6,179
2,633
Pough.Oity&W. Falls. Deo.
86,134
33,686
86,406
36,597
Jan. 1 to Dee. 31.......
Rochester Railway—
82,223
201,283
195,067
52,165
Oet. 1 to Dec. 3 1 .,...
296,674
847,440
253,534
791,181
Jan. 1 to Deo. 31.......
4,029
*def.886
4,373
*def.l,366
Roxb’gh Che s. HI11&N. Jan.
4.061
8,480
3,861
8,523
8ohuvlkill Traot’ n.cSept.
72,916
25,585
30,962
67,036
Jan. 1 to Sept. 30 . . .
36,910
96,810
40,801
92,778
Oct. 1 to Sept. 3 0 ....
3,509
464
def. 16
4,066
Schuylkill Val. Trac. Jan.
1,124
2,891
Sorautou & Carbon...Jau.
10,638
24,654
July 1 to Jau. 3 1 .....
4,730
1,637
1,318
Scranton & Pittston..Jan.
4,783
15,220
41,408
July 1 to Jan. 31.......
27,572
13,957
12,225
30,166
Scranton Railway.. J an.
123,572
101,45P
219,197
233,648
July 1 to Jan. 31.......
Southern Boulevard (N. Y .)—
11,034
5,053
5,253
Oot. 1 to Deo. 3 1. . . .
11,47 5
19,851
24,819
45,344
50.446
Jan. 1 to Deo. 31.......
Thirty-fourth St. Crosst’n (N. Y.)
48,307
39,616
87,458
Oot. 1 to Dee. 31.......
79,2p0
__
Ir o y City RR.—
54,004
61,032
118,910
132,076
Oot. 1 to Deo. 31.......
237,629
246,857
508,590
535,897
Jan. 1 to Dec. 31.......
28th & 29th Sts.Crosst’n (N.Y )—
1,276
13,848
9,600
Oct. 1 to Deo. 3 1 ...:.
28,317
65,736^
77,015
151,968
163,723
Twin City Rapid Tr..Jan.
Union Street Ry. (N.Y.)—
. __
59,499
46,961
126,903
146,759
Oot. I t o Deo 3 1 ,....
219,767
234,336
524,715
569,210
Jan. 1 to Deo. 31.......
31,56659,205
104,967
117,960
United rraot.(Pitts.).Jan.
372,835
471,339
827,653
864,608
July L to Jan. 31.......
United Tract.(Providence)—
341,869
411,587
895,386
July 1 to Dec. 3 i .......
924,517
Utica Belt Line ( N. Y.)—
15,300
11,123
40,245
45,971
Oot. 1 to Deo. 3L.......
66,515
62,832
182,323
170,004
Jau. L to Deo. 31.......
7,968
8,693
19,071
22,235
Waterbury Trao. Co. .Jan.
38|52 L
39,943
83,402
July l to Jau. 3 1 .....
91,358
Westchester Eleotrio (N. Y . ) 7.960
5,844
29,234
29,631
oot. 1 to Dee. 31.......
40,568
35,4 LO
129,314
127,772
Jau. 1 to Deo. 3 1 .....
20,335'
22,560
39,419
40,356
Wilkesb.& Wy.Vy.Tr.Jan.
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Net earnings are after deducting taxes and Are and accident insur
ance.
* After allowing for fixed oharges and bond interest,
t Figures for 1897 do not cover the entire quarter, they being foi
only two mo ath3 and four days.
I Includes Brooklyn City & Newtown for part of the time in 1897.
Interest Charges and Surplus.—The following Street
railways, in addition to their gross aud net earnings given in
the foregoing, also report oharges for interest, &o., with tha.
surplus or deficit above or below those oharges.
r— lnt., rentals, etc.——, —Bat. of Net Earn’s.—,
1897-8.
1896-7.
1897-8.
1896-7.
8
def.185def. 6
1,250
1,250
Atlanta Railway.......Deo.
Baltimore Consol. St. Ry.—
207,718
381,996
374,900
328,888
July 1 to Dec. 3 1 .....
6,915 def. 7,09 8
115,477
109,975
Consol. Tr. of N. J ..Jan .
7,979
13,087
18,495
17,828
Denver Oon.Tramw..Deo.
67,610
70,446
220,864
214,161
Jau. 1 to Deo. 31. . . .
def.424
1,836
9,162
Paterson Rail w ay.... Jan.
8.900
1,778
2,083
2,083
1,978
Schuylkill Traotion.8ept.
12,215
18,747
18,747
6,338
Jan. 1 to Sept. 3 0 ....
15,801
25.000
11,910
25,000
Oot. 1 to Sept. 3 0 ....
4,838
3,130
3,277
5,416
Waterbury Tract'n.. Jan.
20,001
24,963
14,930
18,520
July 1 to Jan. 31.......
■—------—■
ANNUAL REPORTS.
Annual R eports.—The folio wing is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvesto rs ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does not include reports,in to-day’s C h r o n ic l e .
R
a il r o a d a n d
Volume 66—
M is c e l . Co’ s
Page.
R a i l r o a o a n d M is c e l . C o ’ s (Oon.)
Volume 66—
Page.
A libam a N. O. & Tex. Pae. June... 281 Chicago Junction Rys. & Union
Stock Yards Co ............................. 380
Am erican Screw Company....... 832
Chicago T e le p h o n e ....................
234
American District T elegraph....234
Chicago <&O’t W est..half-year..235 233
American Soda F ountain......... 333
Am erican Straw Board .................. 333 Consolidation Coal...... ...................... 330
Baltimore Cnesapeake & Atlantic. 234 Delaware & Hudson C a n a l........ .. 332
Delaware Lackawanna & Western. 232
Canadian Pacific R ailw ay......... 879
Diamond M atch............. .................. 288
Central Union T e le p h o n e ........ 230
Cheraw & Darlington..................... 233 Edison Elect. 111. o f B rooklyn.235, 333 -
THE CHRONICLE,
F ebruary 26, ld98,]
R a il r o a d s
a n d m tscel.
Volumes 65 and 66—
C o .’ s .
St r e e t R a i l w a y s .
Pape.
Edison Electric III. o f Boston........ 333
Edison Electric 111. o f New Y ork.. 332
H untingdon & Broad Top M oun
tain R R. & Coal C o........................ 331
Illinois Steel..................................
332
Indiana & Lake Michigan.............. 33L
Lehigh Coal & Navigation C o ........380
Lehigh Valley
............. 158,181, 188
Manchester & Augusta................... 233
Maryland Coal C o ............................ 383
National SiarchM fg. C o................ 331
National Lead Co....................
381
N. Y. Chicago & St. Louis...... ......... 233
Norfolk & C a rolin a ....................... 233
Northeastern R R. (o f So. C a r.).... 233
8«0
Northern Central R R ..................
People's Gas Light & Coke...... 332, 38 J
Phil. Wilmington & B altim ore.... 233
Quincy Mining Co........... ................. 3»3
St. Louis Vandalia & Terre Haute. 331
South’n New England Telephone. 334
Street’s Western Stable Car Line.. 285
Summit Brajnch RR.......................... 332
Sunday Creek Coal Co..................... 334
Terre Haute & Indianapolis. . ....... 331
Terre Haute & Logansport........... 331
331
Terre Haute & Peoria.................
Trenton Potteries............................. 283
W estern M a rylan d ......... ................. 232
W estern Stone Co............................. 234
W ilm ington Columbia & Augusta. 181
Full face figures*indicate V. 66.
Volumes 65 and 66—
Brockton S tr e e t ............. . . . ............ 1022
Brooklyn Rapid Transit.................. 1218
Chicago City R y ............................. IN A
Columbus St. R y ............................. s s i
Globe St. (Fall R iv er)......................1022
Hartford Street R y........................... 1069
Hart. Manches’r & Kockv’e T ra m .1069
H artford & W est H artford .........1069
Hest. Mantua & Fairm ’t (P h il.)... 1 3 1
Lake St. Elevated (C hicago)........ 1 3 1
Lehigh Trac. Co. (Hazleton, P a.).. 233
Lowell Lawrence A H averh ill...... 1022
Lowell & Suburban....... ..........1 0 2 2
Lynn & Boston ................................. 1171
Montreal Street R y......... ................. 233
National Ry. o f St. L ouis............... AN4
New Orleans Traction C o............... 381
North Chicago Street.................... 1 8 «
Northwestern Elevated................ 1 8 9
South Side Elevated, Chicago...... ÂN5
Springfield (Mass.) St. R y ............... 1022
W est Chicago Street........................1 8 A
W est End St. R v ........................... 102I
W ilkesbarre & W yom ’g Val T ra c.A 8 3
W orcester Consolidated St. R y ....l0 2 2
Chicago '& A lton RR.
/Report fo r year ending Dee. 81, 1897. )
President T. B. Blackstone says in substance:
The decrease in gross earnings in 1897, compared with those
of the preceding year, is-$166,679, or 2'437 per cent. The in
crease in operating expenses i s -$115,13), or 2-85 per cent.
The decrease in net earnings is therefore $281,809, or 10 per
cent, The cost of maintenance of way includes $133,881,
which was expended during the year on account of the recon
struction o f the superstructure of your bridge over the Mis
sissippi River erected in 1873. A further expenditure of
about $85,000 will be needed during the present year for the
completion of that work.
The number of passengers transported during the year is
9-6 per cent less than in 1896, the number of through passen
gers being 5'3 per cent less and the number o f local passen
gers nearly 10 per cent less than in that year. The average
rate per mile by all passengers was in 1897 1-918 cents, and
in 1896 2-022 cents per mile.
The number of tons o f freight transported during the year
was 4-3 per cent less than in the preceding year, the increase
of through freight being 21*76 per cent and the decrease of
local freight 10 per cent. The average rate per ton per mile
was in 1898 -817 of a cent, and in 1897 -763 of a cent.
The earnings of your company from farm products shipped
at local stations were less than in any year since 1885, and
such traffic, compared with traffic from other sources, was
relatively less than in any year since 1887. A strike by coal
miners occurred about the first of July, and continued about
three months, during which your company was deprived of
its coal traffic.
Under such circumstances and others of like character, to
gether with the continued reduction of rates on all traffic-,
the cause of reduced earnings during the year is apparent.
Statistics.—Various statistics of interest are as follows:
Description ~
1897.
1896.
1895.
1894.
Passenger Traffic.
Passengers car’d.. 1,979,868
2,191,044
2,169,169
1,979,933
Of which local....... 1,859,833
2,064,280
2,061,672
1,890,224
Pass, one mile...... 102,276.383 10 »,642,482 110,447,175 98,610,298
Av. dis. each pas.. 51'65 miles 47 7 5 miles 50-91 miles 49'80 miles
Rate per mile....... 1-918 cts.
2'02 cts.
1*93 ets.
2-07 cts.
Pass, earnings per
train mile..........
$0 986
$1-03
$1-09
$1-09
Freight Traffic.
Tons carried.......... 3,107,245
3,246,689
3,244,279
2,774,228
Of
___ _
2,658,989
„ which local....... 2,391,650
2,695,896
2,260,338
Tons one mile.......565,002,703 531,022,122 494,914,270 423.166,852
ton P-.m - -763 cts.
-817 cts.
-867 cts.
-917 cts.
Freight earnings
per train m ile...
$1-33
$1-37
$1-47
$1-47
Av. tons per train
174-8
168-2
169-9
160-5
Gharacter o f Freight.—The principal articles carried were:
(000s omitted.)
1897.
Coal, tons................... 1,048
Wheat, bushels........ 4,478
Corn, bushels............. 12,988
Oats, bushels............ 5,564
Lumber, feet..............52,504
1896.
1,257
3,615
11,122
5,042
59,202
1895
1,313
4 274
l l ’043
A G7 3
76,677
1894.
1,012
4,523
7,112
4,945
76,024
1893.
1,136
4,727
7,514
5,404
73,032
Financial -The statistics o f earnings and the balance sheet
have been compiled for the C h r o n ic l e as follows :
OPERATIONS AND FISCAL RESULTS.
1897.
843
$
.1,961,398
.4,309,681
. 402,527
1896.
843
$
2,116,243
4,338,900
385,140
. 1895.
843
$
2,134,155
4,289,909
378,421
1894.
813
$
2,043,912
3,881,544
366,780
6,673,606
Expenses—
Maintenance of M . 936,373
Maintenance of cars,. 336,006
.1,287,141
.1,594,156
6,840,283
6,802,485
6,292,236
815,712
329,130
1,258,795
1,634,909
879,714
364,015
1,191,08 7
1,548,177
699,305
260,449
1,137,398
1,531,536
4,038,546
2,801,737
(59-04)
234,257
3,982,993
2,819,492
(58-55)
241,525
3,035,994
3,061,017
Miles operated.
Earnings—
.4,153,676
.2,519,930
. (62-24) *
233,483
Prem on b’ds & stock
2,753,413
423
1897.
Disbursements—
$
Rentals p a id __ ____ 439,776
Additional property.
36,488
Interest on d e b t ..... 585,665
D ividends................. 1,611,718
47,940
Miscellaneous............
1896.
$
430,475
52,378
587,959
1,778,448
169,401
1895.
$
422,772
18,765
579,618
1,778,448
228,211
1894.
$
632,987
26,218
527,504
1,729,424
168,227
Tot. disb’sem’ts. .2,721,587
3,018,661
3,027,815
3,084,360
Balance, surplus___
31,826
17,333
33,209
196,986
BALANCE SHEET DECEMBER 31.
1897.
1896.
1895.
Assets—
$
$
$
Road and equipment.................... 34,153,927 34,153,927 34,153,927
Bonds and stocks owned............. 4,240,653
4,246,583
4,247,855
Lands o w n e d ...............................
56,445
62,000
62,000
Materials and supplies.................
298,268
271,753
258,488
Due from agents, individuals,&o.
267,954
326,979
275,167
Cash.................................................
327,951
229,919
407,637
Kan. C. St. L. & Ch. R R .con ’n ...
9,313
9,313
9,847
Illinois Trust & Sav. B’k, trustee.
1,500
1,500
1,500
U. S. Trust Co. to redeem bonds.
528,971
392,107
358,706
Total assets.
.39,884,982 39,694,082 39,775,126
Liabilities— .
Common stock..,
19,751,100 18,751,463 18,751,100
Preferred s to ck .
3,479,500
3,479,500
3,479,862
Joliet & Chicago stock, guar....... 1,500,000
1,500.000
1,500,000
MississippiBridge Go stock, guar.
300.000
300.000
300.000
Lou. & Mo, R. RR. stock, guar..
329.000
329.000
329.000
Bonded debt (see S u p p l e m e n t ) . 8,928,850
8,954,850
9,073,850
Bonds canceled............................. 2,700,903
2,674,903
2,555,903
Vouchers, accounts payable, &c.
498,515
402,916
460,684
Due other companies, & o ............
112,631
68,425
109,453
Rentals accrued........ ..................
74,696
55,670
55,670
Income account............................ 3,205,701
3,173,878
3,156,545
Miscellaneous..........................
3,918
3,478
3,058
Total liabilities....................... 39,884.982
—V. 66, p. 335.
39,694,082
39,775,126
Northern Central Railw ay.
/Report fo r the year ending Dec. 31, 1897. )
On subsequent pages will be found the report of President
Frank Thomson. Below we compare the results for 1897 with
those o f several years previous :
OPERATIONS AND FISCAL RESULTS.
1897.
1896.
1895.
1894.
Road operated..........
377
377
377
377
Operations—
Pass, carried. N o.... 3,913,022
3,848,833
4,112,526
4,129,905
Pass, carried, 1 mile. 52,338,019 51,156,008 51,951,285 51,692,311
Rate p .pass, p .mile. 2-112 cts
2-140 cts.
2-182 cts,
2-181 cts.
Fre’ t (tons) carried. 14,580,2 25 13,253,431 j.o,oua,4»s
z uus »4a
13,605,493 i12,008,949
Fre’t(tons)one m ile.962,244,791 885,552,996 875.631,749 746 328*510
Ratep. ton p. m ile.. 0-525 cts.
0*538 cts. 0*561 cts.
0*602 cts
Earnings—
$
$
*
*
Passengers................ 1,105,296
1,094,519 1,133,454 1,127,656
Freight.... . . . . . . . . . . .
5,049,321
4,767,227 4,910,585 4,489,463
Mail, exp.& m iscell.
578,086
424,856
461*989
414^141
Gross earnings........
Expenses—
Transportation........
Maint. of equip........
Maint. of way..........
General.....................
6,732,703
6,286,602
6,506,028
2,734,408
973,183
972,030
118,747
2,668,654
1,029,648
825,707
119,097
2,637,097) o * * . , , « ,
966,185 5 3*524,463
873,317 '
622,677
121,920
86,976
Total oper. exp..
Net earnings............
4,798,368
1,934,335
4,643,106
1.613.496
4,593,519
1.907.509
4,234,116
1,797,114
Receipts—
Net earnings............
Other receipts........
1897.
v
1,934,335
336,788
1896.
$
1.643.496
400,075
1895.
$
1.907.509
457,391
1894.
$
1,797,144
386,335
Total incom e.. , .
Disbursements Rent, l’s’ d lines, &o.*
Interest on debtt__
Dividends.................
Rate of dividend....
Miscellaneous..........
2,301,123
2,043,571
2,364,900
2,183,479
474,306
834,152
526,267
(7 p. o.)
69,796
436,592
843,632
526,267
(7 p. c.)
159,490
455,996
852,588
526,267
(7 p. 0.)
378,191
485,756
850,921
526,267
(7 p. 0.)
210,840
Tot. disbursem’ts.
Balance, surplus....
1,904,521
396,602
1,965,931
77,590
2,213,042
151,858
2,073,784
109,695
6,031,260
INCOME ACCOUNT.,
* Includes rent of roads and interest on their equipment
t Includes car trusts.
BALANCE SHEET DECEMBER 31.
1897.
1896.
1895.
1891.
Assels*
$
$
Cost of road, equip., & c..21,152,247 20,881,283 20,632.120 20),622,923
Bonds and stocks owned. 2,693,829 2,970,829 2 772 011 2>854,701
ond supplies...
sunn)ida
con non
oAAi. r.
’r,.
»
Materials and
230.090
344,110
341,834.
317,119
Due from agents, con
necting roads, &c.......' 1,377,802
618,164
685,956
803,976
C a sh ..................................
365,587
473,627
716,768 ,507,652
Depreciation fu n d ,........
363,706
363,706
334,846
306,821
Miscellaneous................... _______________
9,752
9,752
_______ 9,752
9,752
Total assets.............. 26 193,013 25,661,472 25,493,287 26,422,944
Liabilities—
Capital stock.................... 7,518,150 7,518,150 7,518 ,150 7, 518,150
Bonds (see S u p p l e m e n t ) . 13,776,000 13,914,000 14,043 ,000 14 ,165,000
M ortgages* ground rents
352,382
349,182
319 ,830
319,830
Int. and rentals accrued.
342,646
344,216
352, 530
385,597
Vouchers and pay-rolls..
552,797
460,177
527 572
525,297
Dividends.........................
300,724
300,724
300 ,724
300,724
Depreciation fund...........
384,894
363,823
344 ,574
326,199
Other liabilities...............
476,292
351,820
342 512 1,147,393
Profit and loss................ 2,489,129 2,059,379 1,744>395 1,734,753
- V T6 6 % H380 ltieS........ 26,1.93,013 25,661,472 25,493,286 26,422,944
Central R ailroad Company o f New Jersey.
/Report fo r the year ending Dec. 31, 1897.)
The annual report, like that issued last year, is merely a
tour-page circular, President Maxwell’s remarks being con
fined to the fo lk wing:
“ The gross earnings for the year aggregated $13,312,772 21
3,281,346 as against $13,117,350 46 for the year 1896, an increase of $95 3,628,688
2,663,548
(57-66)
273,019
344,779
424
THE CHRONICLE
421 75, which, together with a decrease of $149,898 97 in the
cost of operating, has resulted in an increase in the net earn
ings of $245,318 72 as compared with the preceding year. The
operating expenses, as heretofore, cover all expenditures for
repairs, charges for reduction in value of equipment and
other property, and also include expenditures for renewals of
bridges, buildings and wharves, substitution of heavier rails
and other construction. The charges to capital account for the
year amounted to $129,543 41, representing disbursements for
construction of new railroad, sidings and connections, and
purchases of land, equipment, etc. The
^ons, amounting
to $428,120 on $6,116,000 Lehigh & Wilkeso
e Coal Com
pany consolidated mortgage bonds, owned by the company,
the payment of which has been deferred, have not been in
cluded in the income account for the year or in the balance
sheet attached hereto ”
Results for four years and general balance sheet have been:
[Y ol. la v I,
Lake Erie & W estern RR.
(F o r the year ending December 31, 1897J
In advance of the pamphlet report, the following statement
is presented:
1897.
1896.
1895.
1894.
$
$
$
$
Gross earnings..................... 3,439,397 3,344,274 3,519,104 3,345,404
Operating expanses............1,976,115 1,917,259 1,916,115 1,865,852
Net earnings.................. 1,463,282
Per ot, of expens to earns. (57-46)
Interest on mtge bonds.. 492,"00
Taxes..................................... 187,410
Rental of tr a c k s ..............
41,725
Dividends (5 per cent)----- 592,000
Su rplu s................................
—V. 66, p. 337.
1,427,015
(57-33)
471,708
187,119
41,799
592,000
1,602,989 1,479,552
(54-45)
(55-77)
467,500
455,333
192,440
185 797
41,846
41,852
592,000 592,000
1,313,635 1,292,626 1,293,786 1,274,982
149,647
134,389
309,203
204,570
S U M M A R Y O P E A R N IN G S A N D E X P E N S E S .
1897.
Receipts—
$
Gross earnings........ 13,212,772
Operating expenses
and taxes............... 8,168,671
1896.
$
13,117,350
8,318,568
8,295,055
8,438,305
Net earnings___ 5,044,101
Income from invest
ments & premium
on bonds sold, etc.
698,139
4,798,782
5,272,969
4,221,636
*1,268,560
*1,201,576
*1,141,397
6,067,342
6,474,545
5,363,033
Total net income.
Payments—
Interest on bonded
and other debt___
Rentals....................
Dividends...............
5,742,240
1895.
1894.
$
$
13,568-,024 12,659,941
2,955,166
2,873.589
3,027,755
3,030,029
1,557,356
1,627,868
1,641,048
1,691,091
(4)899.880 (5)1,124,850 (5)1,124,850 (7)1,574,790
6,005,735
Total payments. 5,555,503
5,795,927
5,771,107
Balance................... sur.186,737 sur.271,415 sur.703,438 def.642,702
* In these years Lehigh & Wilkesbarre cou pons ($ 4 2 8 ,1 2 0 ), which
are omitted in 1 8 9 7 , were included. See President’s remarks above.
—E
1
d
.
BALANCE SHEET DECEMBER 31.
1897.
1896.
1895.
Assets—
$
$
$
RR. and appurtenances, in cl.'
purchased lines.........................! - 36,508,588 36,344,634 35,922,558
Other1property and real estate. . ;
Cost of equipm’t,less charged off. 14,296,167 14,330,578 14,093,950
St’cks of other companies own’d.
7,679,495
7,732,513
7,658,179
B’nds of other companies own’d. 15,353,409 15,596,879 15,302,899
Cash on hand.......... .....................
488,419
91*,836
201,368
3,510,650
Due from agents,companies,etc.
3,543,0 -i8
3,265,089
Bills receivable, &o.....................
4,507,989
4,633,741
4,545,405
Materials and supplies...........
259,090
278,387
322,847
Total....................................... 82,582,791 82,608’,169 82,099,097
Liabilities—
Capital stock................................. 22,497,000 22,497,000 22,497,000
Funded debt (see I n v e s t o r s ’
S u p p l e m e n t ) ..............................
50,000,000 50,000,000 50,000,000
Beal estate bonds and mortgages
307,100
307,100
307,100
Current cash liabilities for wages,
1,227,861
supplies, &c..'...........................
1,319,114
1,167,256
1,112,030
Interest and rentals due.............
1,113,9 V5
1,108,218
1,723,152
Accrued charges, &o., inc. taxes.
1,540,278
1,641,395
Contingent fund............................
522,975
462,857
462,629
5,373,652
5,186,915
Profit and loss................... ..........
4,915,499
T o t a l..../.................................
—V. 65, p. 1219.
82,582,791 82,608,169 82,099,097
Chicago St. Paul M inneapolis & Omaha Ry.
( For the year ending Dee. 31, 1897,)
The preliminary statement for the year 1897 shows as be
low, the receipts from land sales being excluded :
1897.
1896.
1895.
1894.
Gross earnings............. $8,652,793 $8,156,193 $7,508,764 $7,297,619
Oper, exp’s, and taxes. 5,737,447 5,137 034 4,836,652 4,946,184
Net earnings.......... $2,915,346 $3,019,159 $2,672,112 $2,351,435
Interest on bonds (net). 1,411,470 1,405,353 1,422,830 1,412,300
Rentals...........................
114,626
113.946
113,048
109,137
Dividends....................... 1,158,970 1,158,358
787,976
787,937
Total........................ $2,685,066 $2,678,257 $2,323,854 $2,309,274
$230,281
$340,901
$348,258
$42,161
Surplus....................... .
—V. 64, p. 514.
Mexican Central Railw ay.
( Preliminary Statement for 1897. J
The approximate results for 1897, compared as below :
E A R N IN G S . E X P E N S E S A N D C H A R G E S .
1895.
1897.
1896.
1894.
$
$
$
$
Gross earnings............... 12,845,819 10,208,020 9,495,865 8,426,025
Operating expenses....... 8,829,471 6,744,273 5,599,390 5,459,675
Netearnings(Mex.C’y) 4,016,318 3,463,747 3,896,475 2,966,350
Average rate receiv’d for
53-170.
52-950.
51-870.
Mexican dollars.......... 48"24c.
Net earnings equivalent
in U. S. currency........ 1,937,483 1,841,515 2,063,156 1,538,693
/^Debit balance of miscel.
3,993
21,309
45,989
''i t e m s (1897 estimated)
53,166
Bal. for fixed charges... 1,884,317 1,837,522 2,041,347 1,492,704
Fixed charges................. 2,423,183 2,320,533 2,306,600 2,^06,888
433,011
265,252
814,184
Deficit for year............
538,866
Amount withdra’n from
275,000
300,000
750,000
subsidy trust fund___ *811,229
Balance of subsidy trust.
fund Deo. 31..............
2,524,347 3,250,644 3,377,120 3,570,585
* $161,228 o f this is on account of the deficit in 1896.
V. 66, p. 337.
D etroit Grand Rapids & W estern RR.
(R eport fo r the year ending Dec. 31, 1897.J
The advance statement for 1897 shows:
„
.
1897.
1896.
1895.
1894.
Gross earnings..........$1,316,740 $1,187,370 $1,149,655 $1,098,723
Operating expenses..
984,363
1,007,298
895,352
898,554
Net ea rn in gs...... $¡32,377
$180,072
$254,303
$200.169
Total income.............
337,391
Charges.......................
239,833
Reorganized company took
„
----------------possession Jan. 1,1897.
Balance, surplus.
$97,558
-—V. 64, p. 469.
M obile & Birmingham R ailroad.
fR eport for the year ending Jane 30, 1897.J
President T. G-. Bush says :
After providing for the year’s interest on the prior lien bonds
amounting to $30,000, there remained a balance of net revenue o f
$39,350, out of which the directors made a payment of 2 per cent on
the first mortgage Income bonds for the six months ending Dec. 31,
1896, leaving $15,350 to be carried to profit and loss’ account. The
plan of charging a fixed sum each month to working expenses for
the renewal of trestles and ties has been striotly adhered to, and, after
paying for the actual work done, there remained at the end of the
fiscal year $1,939 to the credit of “ renewal of trestles fund” and
$2,642 to the credit of “ renewal of ties fund,” together $4,582, which
is available for future renewals.
A portion of the sum of $21,034 whiohis charged in the operating ex
penses might be striotly classed as improvements to the property, asincluded in this item were: (1) A new mogul freight locomotive (to re
place old one worn out) ; (2) the payment of car trust notes matured -,
(3) payments on aooount of new slip dock and other improvements at
Mobile, and (4) dredging the Mobile River opposite the company’ s
property.
The local traffic showed great improvement over the previous year,
and this, added to the fact that the various departments of the road
were better organized, has contributed largely to the increased net
revenue.
The earnings, expenses, etc., and balance sheet, have been;
E A R N IN G S , E X P E N S E S , A N D C H A R G E S .
Earnings—
1896-7.
Freight.................................................................... $252,264
Passengers..........-............................... ...................
70,938
Mail, express, &c..................................................
35,178
1895-6.
$£00,548
61.732
32,002
Total.....................
Expenses—
Transportation.........
Motive power...........
Way and structures
Maintenance of cars.
General and taxes...
$358,380
$294,282'
$65,828
66,870
94,861
14,1.19
47,605
$63,623
52,993
85,108
8,939
47,721
Total.................................................................. $289,283
Net earnings. ............................................... ..
$69,097
Other income....................................... ; ...............
252
$258,384
$35,898
............
$69,349
Interest on prior lien bonds............................... $30,000
Inteie8t on first mortgage incomes....................
24,000
$35,898
$30,009
............
Balance........................................................
$15,349
$5,898
B A L A N C E SH E E T , J U N E 30, 1897.
Assets
Liabilities—
Prop. franch.andequip.$3,598,439 Common stock........
$900,000
Car trust equipment....
12,525 Preferred stock............
900,000
Cash on deposit.............
15,036 First mortgage 4 s ........ 1,200,000
Cash...............
23,174 Prior lien 5s..................
600,000
Remittances in transit.
8,864 Car trust n o t e s .........
12,525
Materials, etc'................
3,923 Vouchers and pay-rolls
21,107
Old rail account............
3,474 Traffic balances.............
12,073
U. S. Post o ffic e ..........
2,538 Tax account.................
5,512
Agents and conductors.
9,772 T. G. Bush, 2d rec’ vship.
9,857
Sundry accounts...........
7,422 Ties and trestles funds.
4,582
Miscellaneous................
1,735 Profit and loss...............
21,248
Total.......................$3,686,905
—V. 64, p. 518.
Total......................... $3,686,905
Twin City Rapid Transit Co.
(Advance statement fo r the year ending Dec. 31, 1897.)
An advance statement shows the following :
1897.
1896.
1895.
1894.
$
$
$
$
Gross earnings................. 2,009,121 2,059,217 1,98^,804 2,003,678
Operating expenses........ 1,002,080
995,158
979,485 1,044,547
Net earnings................1,007,041 1,064,059 1,009,319
Taxes, rentals and all in
terest charges................. 692,302
684,527
750.840
Surplus earnings........
314,737
379,532
258,479
959,131
738,961
220,170
The annual interest or dividends on the total issue o f
$1,712,200 of preferred capital stock of said company is
$119,854
THE CHRONICLE.
F ebruary 26, 1898.]
T W I N C IT Y R A P ID T R A N S IT C O M P A N Y — G E N E R A L B A L A N C E S H E E T .
Resources—
Roadway, & c............................................. .
Securities in treasury............. ....................
Notes and accounts receivable..................
Cash.................................................... ...........
Insurance paid in advance..........................
Materials and supplies.......................... —
Int. on current liabilities paid in advance.
T. C. R. T. Co. stock acct. to be adjusted..
1897.
$14,288,584
15,000,000
121,175
228,435
5,059
110,497
1,044
1896.
$14,117,938
*15,000,000
82, -51
223,410
4.835
98,247
7,500
86,303
Total............................................................ ,$29,754,796
Liabilities—
Common stock...................................................$15,010,000
Preferred stock........................................
1.637,200
Bonds and 6% c e r tific a te s ...................
10,298,000
750,000
Loan Deo. 3 1 .19oO .........................................
Unpaid vouchers, &c............................
35,790
Pay-rolls accrued and not due........................
26,353
Trainmen’s deposits........................................ •
20,900
53,116
Tax account not due.........................................
Interest on bonds accrued...........................
206,233
Bills payable ....................................................
102,127
Income account—surplus......................
1,615,076
$29,621,089
Total.
$29,754,796
$15,010,000
1,137,200
11,323,000
42,082
26,174
20,875
50,224
206,120
425,469
1,379,942
$29,621,089
* Includes: Minneapolis Street Railway Co. stock, $5,000,000; St.
Paul City Railwav stock, $5,000,000: Minneapolis Lyndale A Minne.
tonka Ry. Co. stock, $385,000—$10,385,000; valu e! at $15,000,000.—
V. 65, p. 1127.
United States Leather Company.( Report fo r year ending Dec. 31, 1897. J
The report of the United States Leather Company for the
year 1897 furnishes little detailed information, consisting
merely of a statement o f the assets and liabilities, which we
compare as follows:
1897.
A ssets—
1896.
$
2,217,175
Cash..................................
Due by customers..................... 4,010,533
Bills receivable.....................
77,927
Doubtful debts, value..............
27,564
217,963
Other debtors...................
Hides and leather..................... 8,253,797
Bark and tanneries.................. 1,405,976
Sundries, personal prop., e to..
227,967
Advances to other companies. 14,951,843
Railroad bonds..........................
100,000
Tannery plants, eto.................. 6,349,138
Stocks of other companies...... 35,484,033
100,000
Treasury stock...........................
G ood will, etc............................ 62,776,084
1895.
2,091,184
3,479,083
115,411
19,243
31,065
7,335,333
1,328,150
238,332
15,506,358
99,458
6,314,192
35,438,123
1,000,159
3,037,154
96,791
15,353
65,455
11,128,374
1,455,948
276,351
15,405,505
99,458
6,159,609
35,261,057
100,000
62.475,507
100,000
62,661,259
426
*[In the above statement of profit and loss account we have
introduced the dividend of 6 per cent, payable in each case
March first of the succeeding year. The balance sheet is
given in fuller form than heretofore, and we note the follow
ing fa c ts :
The first mortgage bonds and capital stock remain the same
as a year ago, but the item of “ open accounts payable,” then
amounting to $2,092,279, is now represented by “ accounts
payable,” $68,871; “ bills payable,” $950,000, and “ time loan
on railroad plant and stock of other cos.,” $5' 0,000, in all
$1,518,871. As against the assets as above the balance sheet of
Jan. 3 1, 1897, showed: Cash, $165,427; open accounts, $2,«
541,082; fixtures, etc., $43,251; real estate, plant, etc., $29,564,000 ; total, $32,313,760. E d .]—V . 65, p. 366.
GENERAL
INVESTMENT
NEWS.
Reorganizations, Etc.—Latest Data as to Defaults, Reor
ganization Plans, Payment o f Overdue Coupons, Etc.—A ll
facts of this nature appearing since the publication o f the last
issues of the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e
ments may be readily found by means o f the following index.
This index does not include matter in to-day’s C h r o n ic l e .
R a il r o a d s
and
Volume 66—
M is c e l . Co.’s.
Page.
Brooklyn &Brisrht’n B ’oh.revs ctfs. 287
Brunswick Light & W ater.......sale. 181
Central W ashington R R . ..sold. 183
Chicago R. I. X Pao., .ref una. .235, 288
Chic. & So. East RR.applic. forrevr. 288
Cit. Elec. Light tH ouston).receiver. 235
Col. & H ock. C. & l.recv.discharged. 183
Connersvllle Gas & Electric, sold. 3*6
Denver & R io Grande...refunding. 236
Duluth Gas & W ater C o........... sold. 836
Electro-Pneu. T ra n ..com. 183,236, 384
East & W est (A la.) RR...decision. 884
Equitable Gas Lt..plan operative... 837
F ort Plain & Rlch.Spr.saie postp’d. 183
Great Sou. Teleph. X Teleg..consol. 884
H utchlns’n & So.eold.183; newsecu. 236
International Paper Cos.
consol. 288
Kankakee W ater C o..........receiver 183
L a Follette Coal& I t.Co.foreclosure. 336
Lake S.&Mich So.pend’nrconsol.237, 288
Mammoth Cave Ry......... sole. .236, 287
Memphis & Charleston............. sale. 237
Montgomery Light Co ........... sold. 237
Natalie Anthracite Coal..........sale. 184
N. Y. & E. Riv. Gas.plan operative. 337
N. Y. B iscu it... .plan underwritten. 237
Railroads and Mis. Oo. ((to».)—
Volume 66—
Page.
N.Y.C. & H. R. .pending consol.237, 288
N.Y. Sasq. & W . R R.offtr from Krte. 336
N orfolk X Ocean V iew ........... sale. 184
No. Pac. R y offer to General First.*s, 337
Peeos Val. RR.renrganiz'n effected. 388
Penn.Heat,Lt.&Pow.pIan effective. 384
P eoria Dee. & E v .. .deposit notice.. 184
Peoria W ater Co. .. .plan modified. 338
Rapid Transit in N.Y. City __ plan. 289
Rocky Mountain Oil Co....... reevr. 338
South Jersey................. reorg. i lan» 185
Standard Plate Glass ....... receiver. 238
Topeka W ater Co.coups, to be fund. 339
Union Pac .......payment of 1st 6s. 238
do sale of main line confirmed. 385
do sale of coll. for Morgan notes. 290
do sale of coll, for Oso / 1879.238, 385
do Kansas Pacific sold............... 385
Union Pacific Lincoln & Colorado
R y .....................offer from V. P. 885
W . G. H itchcock X Co.pl.operative. 185
W isconsin Central ................reorg. 385
Zanesville Terminal Ry...receiver. 185
Street Railways .
Brooklyn EL RR.2 dinstal.of asses. 383
Totals....................................136,200,000 134,757,191 136,576,721
Liabilities—
Accrued interest, eto.................
62,610
56,220
65,070
Atchison Topeka & Santa Fe R y.—Bonds Listed.—On the
Unpaid dividends............................................
3,003
2,994
Current accounts, e t c .............
124,757
132,806
123,100 New York Stock Exchange have been listed $3,442,000 gen
Acceptances on hide imp’s *..........................
261,580 eral 4s, making total listed $113,462,000. The new bonds
For exchange, not yet due___ 1,316,855
592,682
were issued for the redemption of guarantee fund notes per
Bills payable.............................
.................
3,000,000 offer in C h r o n ic l e of Feb. 5, 1898, p. 287. The total issue of
5,280,000
Bonds, less in treasury.................................. 5,280,000
.*>,520,000
Preferred stock......................... 62,22 >,900
62,111,100
61.621.900 the notes was $9,0 0,000, of which $8,605,09.J remained outCommon stock........ ............... 62,825,900
62,711,100
62.221.900 sranding. and to retire them $10,500,000 of the new 4s were
Stock to be issu ed ..........................................
318
607,213 reserved by the general mortgage.
3,869,962
Surplus........................................ 4,363,978
3,152,964
Total...................................... 136,200,000
The committee is also empowered to add to the list from
time to time the remainder o f these 4s to an amount not ex
ceeding $7,058,000, as and when officially notified that they
1,000,159 have been issued in exchange for the balance o f the aforesaid
96,791 notes.—Y. 66, p. 383.
134,757,191 136,576,721
The quick assets are as follows :
C a s h .......... ............ .. ............. 2,217,175
Bills receivable.........................
77,927
Due by customers..................... 4,010,533
Hides and leather..................... 8,253,797
Bark and personal property... 1,597,204
Advances to other companies. 14,951,843
Sundry debtors.........................
217.963
Doubtful debts, value.............
27,564
Railroad bonds...... ..................
100,000
2,091,184
115,411
3,479,083
7,335,333
1,539,610
15,506,358
31,065
19,243
99,458
3,037,154
11,1 ¿8,374
1,6 >2,311
15,405,505
65,455
15,353
99,458
B rooklyn Borough Gas Co.—Incorporated.—This com
pany was incorporated at Albany, Feb. 21, with a capital
stock of $500,000, to supply gas and electricity. The stock is
$500,000 and the directors are Samuel B. Lawrence, Francis P.
Lowrey and Armitage Mathews o f Manhattan, and Henry
M. Haviland and John B. Summerfield of Brooklyn Borough.
Total..................................... 31,454,006
30.216,745
32,500,560
V. 64, p. 422.
Central Coal & Coke.—Bitum inous Coal Roads.—Incor
B rooklyn W h arf & W arehouse Company.
porated.—The Central Coal & Coke Co. has been incorporated
( Report fo r the year ending Ja t. 3111898 J
under the laws of Ohio in pursuance o f the plan for restor
The report is in the form of a circular, furnishing without ing harmony to the bituminous coal trade. The new company
comment the facts shown below for the fiscal year ending is capitalized for $2ij0,000, and will act as general selling
agent at Coluumbus, O. The President of the Western
Jan. 31, 1898:
New Y ork & Pennsylvania R R . at the annual meeting in
P R O F I T A N D L OSS A C C O U N T F O R Y E A R E N D IN G J A N . 31.
January said: “ Efforts are again being made to induce har
1898.
1897.
1896.
monious action in the handling of soft coal, and if they
Receipts from storage, merch. and
grain, wharfage, rents, etc...... ..$2,092,586 $1,859,190 $1,675,687 are successful, there will be an improvement in coal rates
Expenses, inc. rents, interest on
after the first of May next.” —Y. 66, p. 38.
loans, office salaries, taxes,
dredging,stationery and all other
general expenses, inc. deprecia
tion of tools and machinery, eto. 1,050,512
Chicago & Northwestern B y.—New 3%s Listed.—On the
New York Stock Exchange have been listed $1,009,000 3J^
Net earnings............................. S ,042,074 $1,010,756 $1,021,167 per cent general mortgage gold bonds of 1807-. An additional
Interest on bonds ..........................
875.000
837,500
800,000 $2,000,000 are authorized to be listed upon official notice of
*Dividend (6%) on pref. stock “ A”
their exchange for existing bonds.—V. 66, p 288.
payable following March............
Balance, surplus................ .
BALANCE S H E E T .
JkSSP.f.St
Gash in bank................
$97,294
A cc’ d storage, wharf
age and rent.............
660,153
Accounts receivable..
378,395
Mortgage and stocks..
90,000
Stock of oil, coal, & c..
35,777
Railroad plant (cost).
373,198
Stocks and other se
350,252
curities (cost)..........
Tool s, machin. & bet’s.
150,467
Electric plant (cost)..
35,740
Wharves, warehouses
and real estate........ 29,564,000
Total.......................$31,735,276
During 1897 nothing has t
warehouses and real estate.
150.000
848,434
654,520
150,000
150,000
$17,074
$23,256
L.NUARY 31, 1898.
$71,167
L ia b lilies.
Chicago R ock Island & P acific Ry.—Bonds Called.—The
company notifies the holders o f its extension and collateral 5
per cent bonds of 1884 that it will redeem the entire issue at
$68,871 105 and interest on April 30, 1898, interest ceasing that day.
950,000 —Y. 66, p. 384.
Accounts payable.......
Bills payable...............
Time loan on railroad
plant and stock of
other companies___
500,000
Stock, preferred “ A ” . 2,500,000
“
“
“ B” . 5,000,000
“ common............ 5,000,000
First mortgage bonds 17,500,000
Profit and loss.............
216,404
Coney Island & B rooklyn R R.—B rooklyn City & New
town R R .—New Stock.—The shareholders of the Coney Island
& Brooklyn R R on Wednesday voted to increase the capital
stock of $1,009,000 to $2,000,009. The increase, it is under
stood, is preparatory to complete consolidation with the
Brooklyn City & Newtown R R ., now held under lease.—
Y. 66, p. 38.
East Shore Term inal Co. —Transfer oj. Control.—The in
terests which have heretofore controlled the East Shore Ter
charge! to cost of wharves, minal Co., Charleston, S. C., have sold their holdings to C,
C. Cuyler o f Cuyler, Morgan & Co., New York. It is under$31,735,276
42*
THE CHRONICLE,
[ V o l . LXV I.
stood that the purchase is in the interest of the Plant system,
the^Atlantic Coast line and the Louisville <fe Nashville, all of
which companies will jointly use the valuable terminal facil
ities consisting of tracks along the river front, wharfs, ware
houses, cotton compressors, etc.—V. 62, p. 138.
K nickerbocker Telephone & Telegraph Co.—Incorpor
ated.—This company has been incorporated with a capital
of $7,501,000 to construct and operate lines of telephone from
New York City throughout New York State and New Jersey.
The directors are Samuel B. Lawrence, Francis P. Lowrey
and Charles L. Horton, of Manhattan Borough (New York),
E quitable Illu m in ating Gas L ight Co. o f Philadelphia. and John B. Summerfield, Henry M, Haviland, George E.
—United Gas Improvem ent.—$7,500,000 Bonds Offered.— Spencer and Henry C. Everdell, of Brooklyn
Bor
.T. & W. Seligman & Co. of New York and The First National ough.
Bank of Philadelphia, Pa,, offered for sale this week at 1C2)£
and interest $7,500,000 5 per cent first mortgage sinking Fund
K n oxville E lectric L ight and P ow er.—Mortgage Filed,
gold bonds of the Equitable Illuminating Gas Light Co. of —The company has made a mortgage to the Union Trust Co.
Philadelphia. These bonds are due J an. 1, 1928, and are se of Philadelphia as trustee, to secure $100,000 of 5 per cent
cured by mortgage to the New York Security & Trust Co. as gold bonds. Of the loan $50,(00 is to be used to retire the
trustee. Both principal and interest are payable in gold coin company’s outstanding bonds, and the remainder to take up
of or equal to the present standard of weight and fineness, free the bonds of Schuyler Electric Light & Power’ Co.
from all taxes imposedjay the United States of America or
the commonwealth of Pennsylvania. The subscription books
M etropolitan Street R ailw ay (N. Y. City).—Earnings for
opened at ten o’clock Thursday and were almost immediately the quarter and the six months ending December 31 have
closed, the applications for the bonds being largely in excess been : of the issue. The allotments made, it is stated, were less 3 mos. ena. Gross
Net
Other
Interest, . Balance•
than 20 per cent of the amount asked for. The bonds have
Dec. 31— earnings. earnings.
income.
taxes, etc. surplus*
since sold at 105 and interest.
1897........... $2,383,458 $1,174,688 $150,919
$789,007 $536.600
James Ball, President of the Gas Light Company, writes 1896........... 2,272,754 1,081,407 129,935
793,226 418,116
6 months—
as fo llo w s :
The total issue is limited to $7,500,000 bonds, due in 1928, but re
deemable in 1908 at 105 an l interest, in the event of the city’s then
terminating the lease. If the lease is not then terminated, the bonds
continue irredeemable until 1928. except for sinking fund purposes.
The mortgage contains provision for a sinking fund of $124,000 a year,
to be invested, together with the yearly accumulations of interest on
bonds in the sinking fund, in the bonds of this company, at not ex
ceeding 105 and interest, either by purchase in the market or by
drawings at that price. The sinking fund is sufficient to retire the
whole issue of bonds at maturity.
The contract between the United Gas Improvement Co. and the city
provides that in the event o f the city’s terminating the lease in 1908
it shall acquire a certain portion of the property o f the Equitable Il
luminating Gas Light Co. of Philadelphia by paying therefor $1,060,000, being the appraised value of certain property now owned by the
Equitable Illuminating Gas Light Co. of Philadelphia, together with
6 per cent interest thereon to the date of payment, making a total
amount of $1,696,000 to be then paid on this account. It also pro
vides that the city shall pay the amounts expended for additional
property after the lease takes effect, together with 6 per cent thereon
to the date of payment, and as this contract further provides that the
amount so expended shall not be less than $5,000,000 within three
years from the date of the lease, the minimum to be paid by reason of
this provision will be $7,100,000, $5,000,000 of which will be princi
pal and $2,100,000 6 per cent interest for seven years. The total
minimum amount which tbs city will be required to pay in the event
of its terminating the lease is therefore $8,796,000. This obligation of
the contract of the United Gas improvement Co. with the city will be
so far assigned as security for the bonds as to enable the trustee of
the mortgage to receive payments directly from the city.
The total number of bonds outstanding in 1908 will be about $6,032,000, as $1,468,000 bonds wlil by that time have be en retired through the
sinking fund. It will therefore be seen that the minimum sum to
be paid by the city in the event of the termination of the lease is about
$2,500.0 >0 in excess of the amount of the bonds which will then be
outstanding. If the city does not avail itself of its option to termin
ate the lease at the end of ten years (1908) the city will have no other
right of purchase; but at the end of thirty years all the property will
revert to the city without compensation.. The Equitable Illuminating
Gas Light Co. is to manufacture the gas and sell the same to the
United Gas Improvement Co. at agreed prices, which, it is estimated,
will prove prod able to the Equitable Illuminating Gas Light Co. of
Philadelphia ; but in order to further strengthen the security of the
bonds, the United Gas Improvement Co. has entered into a contract
whereby, among other things.it is provided that if the yearly profits
do not amount to a sum sufficient to provide ¿for interest and sinking
fund charges, then the United Gas Improvement Co. is to make good
any deficit out of the proceeds of gas sales in Philadelphia.
The United Gas Improvement Co. is to furnish gas to the munici
pality f ' ee of charge and to sell gas to consumers at a net rate to it of
90 cents for ten years. Thereafter the price may be reduced as fol
low s: From 1908 to 1913 to 85 cents, net; from 1913 to 1918 to 80
cents, net; from 1918 to 192* to 75 cents, net. There can therefore
be no dispute during the lifetime of the contract as to rates, as they
are fixed by the contract.
The United Gas Improvement Co. has created a sinking fund, begin
ning in 1908, for the purpose of retiring the stocks of the Equitable Il
luminating Gas Light Co. in 1928, when the property is to revert to
the city, and has agreed that this sinking fund for the retirement of
the stocks shall not be distributed so long as any of the bonds which
shall be presented at their maturity, or within sixty days thereafter,
.shall remain unpaid, and that, if the sinking fund for the payment of
the bonds shall not be sufficient for the purpose, the trustee under the
sinking fund for the redemption of the stock shall pay to the trustee
under the mortgage sufficient, in addition to the contents of the bond
sinking fund, to discharge, at maturity, all bonds at par, with interest
unpaid thereon.
The United Jas Improvement Co. has paid dividends at the rate of 8
per cent per annum on its capital stock for the last ten years.
1897...........$4,601,400 $2,178,279 $315,301 $1,572,798
1896........... 4,409,863
1,999,587 264,172
1,578,811
$920.785
684,948
On Sept. 30,1897, the company had cash on hand, $6,093,704, while there was due it by open accounts, $1,434,983; on
Dec. 31, 1897, the cash on hand was $1,163,810, while thé
amount due on open accounts was $3,006,536. The balance
sheet of Dec. 31 includes the new debenture certificates
amounting to $6,000,000, and on the other side of the account
shows an increase of securities of other companies from $12,-t
075,688 to $15,168.348 since Sept. 30, 1897, as well as an in
crease during the same period in other permanent invest*
ments from $3,686,709 to $7,502,516.—V. 66, p. 337.
M orristown & Cumberland Gap R R .—Sold Under Fore
closure.—At Knoxville, Tenn., this road, extending fromMorristown to Corryton, Tenn., a distance of 40 miles,
was offered for the fourth time at foreclosure sale, and was1
purchased by Adolph Segal of Philadelphia for $61,000. Mr.
Segal last November purchased the Richmond Nicholas ville;
Irvine & Beattyville RR., and reorganized it under the title
of the Louisville & Southeastern Ry. This last named road
extends from Versailles (east o f Louisville) southeasterly to
Irvine, 62 miles.—V. 66, p. 82.
Muskegon Grand Rapids & Indiana R R .—Coupon Paid.—
The coupon due July 1, 1895, was paid in October, 1897, at
the office o f Winslow, Lanier & Co.
Nashville Chattanooga & St. Louis R y.—$44,000 Consols
Listed.—There have been listed on the New York Stock Ex
change $44,000 additional first consol. 5s, making the total
listed $5,638,000.—V. 66, p. 82.
National Linsfifid Oil.—Annual Meeting.—No financial re
port was read at the annual meeting on Feb. 16, President.
Euston confining his remarks to a description of the improve
ments made during the year in the property of the company,,
particularly in the machinery department, and the advan
tages derived from the patents owned by the company for the*
manufacture o f linseed oil. He stated that the deliveries of
oil to the trade showed a marked improvement over previous
years. Three directors were re-elected,
The “ Chicago Cnroniele ” quetes an active offi iial of the
company as saying, after the meeting had adjourned:
The business of our company really began to inorease about Oot. 1 ,
and the last three months of 1897 were very goo l ones with ns. Jan
uary and this month are naturally the most quiet in the linseed-oil
business, but our sales as compared with Jana try and February,
1897, are showing large increases by barrels, and a3 the price of lin
seed oil is much higher than it was a year ago, we are doing exceed
ingly well. There was a big range in th eprlo) of linseed oil during
1897. It sold as low as 2 > oents a gallon early in the year and closed
the year at 40® 15 oents, where it Is now firm. Our Eastern agent,
who is located at Boston, says the Western markets are far ahead o f
those of the East. In New England, he says, the people are muoh
slower in resuming heavy consumption than they are out here. We
find that the manufacturers of oil cloth, which is largely com posed o f
linseed oil, are taking the oil in mu sh larger quantities. Inasmuch as
oil clot i is a product depen ting largely upon poor people for use, it
would appear that people of this class are m iking more money than
they were some time ago.—V. 64, p. 468.
Lease Valid.—The Supreme Court of Pennsylvania on
Monday announced its decision “sustaining the ruling of the
lower court and declaring the lease of the gas works to be
legal.
New England Gas & C oke—Massachusetts Pipe Line.—
Fixed Charges. —The interest and dividend charges of the
Stock Issue I lle g il—The Massachusetts Board o f Gas Com
new company ahead of the common stock are as follows:
missioners has dslared that the $1,00),000 issue of stock by
1898.
Thereafter
Interest on $7,500,000 o f 5 per cent bonds........$375,000
$375,000 the Massachusetts Pipe Line Co. was illegal.—V. 66, p. 237; V.
Sinking fund for above bonds.............................. 124,000
124,000 65, p. 635.
Dividend on $3,125,000 preferred stock, 4 per
cent for first year and 6 per cent thereafter.. 125,000
187,500
Total charges ahead of common stock......... $624,000
$686,500
Beginning in 1908, as stated in President Ball’s letter, the
Improvement Co. agrees to create a sinking fund to retire the
stocks of the Equitable Company in 1928, when the property
is to revert to the city.—V. 66, p. 236.
H inton New R iver & W estern R R .— Mortgage f o r $600,000 Filed. —The company has made a mortgage to the Cen
tral Trust Co. as trustee to secure $600,000 bonds to be issued
on a prop >S9d line from Petersburg, Va., down the New
River to Hinton, and a branch to St. Albans and Charleston.
Northern P acific R y.—W ashington & Columbia R iv er
Ry .—Control Purchased.—The Northern Pacific Railway
Company has purchased for $500,000 the entire capital stock,
and most of the $2,245,00 ) four per cent income bonds o f
the Washington & Columbia River Ry. This latter road ex
tends from Hunt’s Junction on a branch o f the Northern
Pacific (which skirts the Columbia River in eastern Wash
ington), easterly to Dayton, Wash., and southerly to Pendle
ton, etc., in Oregon, 163 mile3 in all. The road has outstand
ing $2,500,000 of 4 per cent first mortgage bonds, but these
are not to be guaranteed. For the year ending June 30, 1897,
the net income available for fixed interest charges was»
$77,531.—V. 66, p. 289 ; V. 61, p. 770.
4
F e b r u a r y 28, 1898.J
THE CHRONICLE.
Ogdensburg & Lake Champlain R R .—Foreclosure Sale
Ordered.—A t Utica, N. Y ., Feb. 24, Judge Coxe, of the
United States Circuit Court, ordered the foreclosure sale of
this property, the upset price to be $1,000,000. W illiam H.
Comstock, of Utica, as special master, will conduct the sale
and fix the date for its occurrence.—V. 65, p. 1174.
Pennsylvania Steel Co.—March Coupons to he Paid in
Scrip.—The company has notified the holders of its second
mortgage bonds that it will avail itself of the option con
tained in the mortgage and w ill pay the interest due thereon
March 1 in scrip instead of cash. Since the reorganization
affected tw o-years ago interest on the second mortgage
bonds has been paid regularly in cash, although under the
terms of the mortgage the company had the right to pay the
interest in scrip to and including the coupon of September,
1898. The scrip is convertible into second mortgage bonds, a
Sufficient amount having been retained for that purpose. The
payment in scrip March 1 relieves the company of a cash
payment of $98,500. Plans to secure additional working
capital, it is stated, will be discussed at the annual meeting
on March 8.—Y . 65, p. 824.
P eop le’ s Gas L ight & Coke.—Mutual Fuel G as—Mortgage
Filed.—The mortgage made by the Mutual Fuel Gas Co. to
the Central Trust Co. as trustee to secure $5,090,000 of 5 per
•cent bonds was recorded this week. The bonds are to be
issued in fulfillment of the plan for the acquisition of the
property by People’s Company, as stated in the C h r o n ic l e ,
V. 65, p. 870, 925. A t the annual meeting recently President
Billings announced that the consolidation o f the companies
was voted on Jan. 16.—V. 66, p. 382; V. 65, p. 870.
Union Pacific R R .—Preferred Stock now Issuable to Holders
o f Certificates o f Deposit fo r Gold Notes 6s.—J. P. Morgan
Sc Co , referring to their previous notice, now inform holders
o f certificates of interest issued in respect o f Union Pacific
Railway Company 6 per cent gold collateral trust notes, that
the order restraining the delivery of the preferred stock hav
ing been vacated, they will now continue the delivery of such
stock as set forth in their notice of Feb. 7 last. Holders of
their memoranda for preferred stock may now obtain the
stock therefor upon surrender of such memoranda.
Road Sold Under Foreclosure—The entire line from Kansas
City to Denver with appurtenances, etc., was sold on Satur
day, Feb. 19, under foreclosure of the Kansas Pacific Consoli
dated mortgage and purchased for the Union Pacific reorgan
ization committee for $8,000,0( 0, this being the upset price.
On Monday the property of the Denver Pacific Ry. & Tele
graph Co. was purchased for the same committee for $2,0 0,'000, at the foreclosure sale under the first mortgage. The
committee’s representatives were the only bidders. The
property embraced in the last-named sale consisted of three
parcels, for which the individual bids first received were as
follows : First, land grant, $650,000 ; second, contracts, notes
due, etc., $300,000, and, third, the 106 mile3 of railroad between
Denver and the Union Pacific Junction at Cheyenne, tele
graph lines, etc., $1,000,000. The total bids for the three
parcels aggregated only $1,950,000, and as already said the
entire property was afterward awarded to the committee for
$ 2, 000 ,000 .
Securities Sold Under Foreclosure.—A t the foreclosure sale
on Wednesday of the collateral securing the collateral trust
6 per cents of 1879, the following bonds were bought by
Kuhn, Loeb & Co. for $3,710,000 for account of the new Union
Pacific RR. Co.: Colorado Central 7 per cent bonds, $1,600,000; Utah & Northern first mortgage 7s, $1,974,000. The
amount due on the 6s o f 1879 was for principal, $3,503,000
and for interest to Oct. 14, 1897, $131,935—total, $3,634,934.
The amount received at the sale will therefore pay par and
interest to date on all these bonds. Of the collateral there
remained unsold: Colorado Central 7s, $139,000; Omaha &
Republican Valley bonds of 1>91, $860,000. The last-named
bonds, however, are of small value.
The Colorado Central bonis were sold with the January,
1898, coupons “ on,” in other words, without the coupons of
earlier date, all o f these having been paid prior to the sale.
The Colorado Central bonds are an underlying loan of the
Union Pacific Denver & Gulf RR, The total issue is $4,788,000, covering the line from La Salle to Julesburg, 151 mdes,
and, with various branches, a total o f 275 miles.
Foreclosure Sale March S3 Und-r Collateral Trust M ort
gage o f 1883.—R. *L. Day & Co. w ill sell at auction at the
Real Estate Exchange in Boston on March 23 the following
stocks and bonds, which were pledged to secure the Union
Pacific collateral trust 5 per cent bonds of 1883, v iz .:
•Colorado Central R R. first mortgage 7s o f 1879, with the coupons o f
and from Jan. ». 1898 ...................... ............. .............................................$1,169,000
sUtah & Northern Railway Co 7s o f 1878 ................................................... 1,8:19,000
Omaha & Republican Valley RR. 7s o f 1879, with the coupons o f and
from Jan. 1.1891...........................................................................................1
573.000
Omaaa & Republican Valley Ry. consol. 5s o f 1887, with the coupons
' o f and from March 1.1894.......................................................................... 1,809,000
Oregon Short Line RR. Co first mortgage gold 5s, dated March 1,
39,500
1897, payable July ), 1916...................................................................... ••••
Oregon Short Line RR. Co. incom e bonds. Series A . dated March 1,
1897, p a ’ able July 1,194«, with coupons o f and from Sept. 1, li9 3 ...
39,500
Oregon Short Line RR. Co. com m on stock ............................................. .790 shares
•Coupons due Jan. 1,1894, o f Utah Southern R R . extension 7 per cent
bonds, 79 at $35 each...........................................................................;. . ...
$«.765
The property will first be sold in parcels of not exceeding
$ 100,000 each, and the sales will continue until enough cash
is realized, together with the cash on hand to the credit of
the bonds, to pay in full, if possible, the entire $4,677,000 of
•outstanding 5s o f 1883, with the interest thereon from June
1, 1897.-V. 66, p. 385.
0 T For other Investment Items see ea-re 428.
427
R e p o r t s a n d Ip o c u m e n ts .
N O R T H E R N C E N T R A L R A IL W A Y C O .
FORTY-THIRD ANNUAL REPORT—FOR THE YE A R
ENDING DECEMBER 31, 1897.
O f f ic e
of
N o r t h e r n C e n t r a l R a i l w a y Co ., )
B a l t im o r e , February 15th, 1898.
J
To the Stockholders o f the Northern Central R iilw ay
Company:
The Directors respectfully submit the follow ing report o f
the operations of the main line and of the railroads now op
erated under lease or otherwise by this Company for the
year ending December 31st, 1897:
E A R N IN G S .
From
“
“
“
“
freight............
$5,049,320 69
passengers.......... '............................... 1,105,295 82
express........................
123,931 77
m a ils ...,........ ......................................
92,908 98
miscellaneous........................ ............
361,245 71
Total earnings.................................................................. $6,732,702 97
EXPENSES.
For
“
“
“
maintenance of way and structures... $972,029 53
maintenance of equipment..................
973,182 82
conducting transportation........ ........ 2,734,407 53
general expenses....................................
118,746 64
Total expenses................................................................... 4,793,366 52
Net earnings.......................... ..............................................$1,934,336 45
The gross earnings from operation of the Northern Cen
tral Railway and railroads controlled by it, for the
year ending December 31st, 1897, w ere......................... $6,732,702 97
And for the previous year..................................................... 6,286,602 02
Showing an increase in gross earnings of....................
$446,100 95
The expenses for the same period w ere............................. $4,798,366 52
And for the previous year..................................................... 4,643,105 01
Showing an increase in expenses o f ...............................
$155,261 51
The net earnings for the same period w ere....................... $1,934,336 45
And for the previous year...................................................... 1,643,497 01
Showing an increase in net earnings o f ........................
$290,839 44
IN C O M E A C C O U N T .
In addition to the net earnings as above stated...............$1,934,336
There was received from dividends and interest..............
319,194
2,229
Interest account, exchange, & c..........................................
Interest on equipm ent........................................................ .
28,248
Proportion of loss in operating Elmira and Canandaigua
Divisions reoeived from Pennsylvania Railroad C o ....
17,115
45
OO
69
59
91
Total net receipts............................................................. $2,301,124 64
From which deduct the following amounts:—
Rental Shamokin Valley & Pottsville
Railroad......................................................$202,342 99
Rental Elmira & Williamsport RailRental Lykens Valley Railroad.................
34,999 92
$389,824 95
Interest on Equipment:—
Shamokin Valley & Potts
ville Railroad......................... $4,595 01
Elmira & Williamsport Rail
road............‘.............................. 15,620 74
--------------
20,215 75
------------------
410,040 70
$1,891,083 94
Deduct:—
Interest on funded debt................ .............. $771,695 00
Interest on real estate mortgages and
ground rents............................................... 21,050 32
Interest on car trusts.................................... 41,406 79
Taxes..................... !........................................
55,863 59
Sundry expenditures.......... .............. .......... 13,932 59
Payments on account o f Elmira & Lake
Ontario Railroad C o.:
For interest on bonds___$25,028 37
For taxes............................ 21,860 75
For interest on equipm’ t. 17,375 45
------------ —
64,264 57
Balance to credit of Income Account for 1897................
Out of which were paid cash dividends of 7 per cent—
Leaving amount to be transferred to credit of Profit and
and Loss Account for 1897.................................................
Amount to credit Profit and Loss Account,
December 3 1 ,1 8 9 6 .................................. $2,059,379 13
Add net amount realized from adjustment
33,145 73
of old aocounts, &e....................................
968,212 86
$922,871 08
526,267 00
$396,604 08
2,092,524 86
Balance to credit of Profit and Loss Account, Dec. 31 /97 . $2,489,128 94
The total number o f passengers, irrespective o f the di
visions over which they were carried, the passenger mileage
and the revenue from the same, on all lines o f the Company,
were:
Passengers.
1897 ...................... 3,913,022
1896....................... 3.848,833
Increase................
64,189
Decrease...................................
Percentage..........
1*67
Passengers
one mile.
52,338,019
51,156,008
1,182,011
............
2-31
Rate p er
passenger
Earnings, p e r mile.
$1,105,295 82
2112
1,094,518 54
2-140
1,0777 28
. —*.......
0-98
......
*028
1-31.
42«
TH K OHRONICLF.
The total number o f tons, irrespective of the divisions
over which they were moved, the tonnage mileage, and the
revenue from the same, on all lines o f the company were :
Tons.
1897................. .,..14,580,225
1896................
Increase.......... . . . . 1,326,794
Decrease........
Percentage.__
Tons one
mile.
962,244,791
885,552,996
Earnings.
$5.049,320 69
4,767,227 35
76,691,795
$282,093 34
- 8-660
Fate per
ton per
mile.
525
-538
5-917
•013
2-416
The aggregate movement of bituminous coal was 3,256,656
tons, an increase of 640.058 tons, and o f anthracite coal
3,924,370 tons, an increase o f 49,940 tons. The tonnage of
both classes amounted to 7,181,026 tons, as against 6,491,028
or the preceding year, being an increase of 689,998 tons in
the actual aggregate o f coal transported, irrespe ctive of the
number of divisions over which it was moved
The amount of grain received at the elevators at Canton,
as compared with the previous year, was :
1897
1896
----- 24,710,34<> bushels.
.......14,662,337
“
An Increase o f ......., ............................ 10,054,012
“
The amount o f grain received at the local elevator, No. 2,
in the city o f Baltimore during the year was 1,759,317
bushels, as against 1,441,223 bushels in 1896.
The principal items o f tonnage, besides coal and grain,
were lumber, iron ore, manufactures of iron, and petroleum.
The Real Estate Account shows a decrease o f $11,485 65 for
the year, as follows:
Dr.
Purchase o f property In Baltimore for J aokso.’ a Wharf
Station
.........................................„ ................. ............ $20,500 00
Purchase of land in Millersburg.................................................
600 00
Recording deeds, conveyancing, &c..............................56435
_
$21,664 35
Or.
By amount received for property in Baltimore transferred
to Philadelphia Wilmington & Baltimore Railroad and
Union Railroad................ ................................................ ....... 33,150 00
Net reduction Real Estate Account...................................$11,485 65
The only charge to Capital A ccount during the year was
that of $282,450, being one half the cost o f 1,258 long gondola
cars, which had been purchased under the terms of Series
C of the Pennsylvania Equipment Trust. The last certificates
of that series having matured and been paid during the
year, these cars now form a portion of your regular equip
ment.
The second track was completed betw.een Goldsboro and
New Cumberland on the Baltimore Division, a distance o f 8
miles, and between Georgetown and Herndon on the Sus
quehanna Division, a distance o f 3 miles, thus making the
entire Main Line between Baltimore and Sunbury double
track, with the exception o f the gap between Bridgeport
and Marysville, a distance o f 5 ^ miles, over which no pas
senger traffic passes. Additional sidings were laid at Hali
fax and Herndon, and improvements made in the yard
tracks and transfer at Sunbury, through which the traffic is
handled more economically and effectively at that point.
The work of renewing the bridges and trestles was further
continued on the various divisions, 672 feet of steel and'
other permanent bridges being substituted for lighter stru c
tures. The most important of these improvements was on
the Canandaigua Division, where a Howe truss bridge and
wooden trestle were replaced by a steel bridge 152 feet in
length and four spans o f steel deck girders, each 52 feet
long, making ai total of 368 feet. The piers and abutments
were also rebuilt of stone and the alignment improved.
There was a net increase in track and sidings o f 17 miles.
There were 7,906 tons of new steel rails and 203,129 cross-ties
used in construction and repairs, and additional sections of
the road were ballasted with stone and cinder.
Frame combined passenger and freight stations were
erected at Monkton and Marysville, and a brick passenger
station at Millersburg.
Seven locomotives, having been sold or condemned, were
replaced by new standard power. There was no change in
the passenger equipment. There were 134 freight cars built
to replace vacant numbers, and the equipment was in
creased through the car trust arrangement already re
ferred to.
The terminal facilities at Baltimore were enlarged through
the purchase o f adjacent properties at Jackson’s W harf and
the lease by the Terminal Warehouse Company o f the Mil
ler’s W harf and warehouse property.
In accordance with the terms o f the Consolidated!General
Mortgage, the amount o f bonds outstanding thereunder was
reduced by the drawing July 1, 1897, through the operation
o f the Sinking Fund, o f $138,000 of Series A and B.
Dividends amounting to 7 per cent were paid during the
year, and a considerable surplus carried to the credit oi
Profit and Loss.
Your Board have to regret the loss o f three o f their most
valued m mbers, Col. E. B. Parsons, Mr. Louis W . Hall and
Mr. Henry James. Mr. James was a prominent merchant of
the city o f Baltimore, a man of high integrity and ability,
and had given to your affairs conscientious and valuable
service from his election in 1884 until his death at Baltimore
on July 27,1897.
(V
o l
.
LX\ I
M-r- Hall, who had been one of your Directors since 18,88;
died suddenly at Harrisburg on the 12th of July, 1897. He
wa® a lawyer o f eminent ability, and his legal attainments
made his counsel o f special service in connection with your
affairs.
Col. Enos B. Parsons died a t . Asheville, N. C., May 6th,
1897. He had served with distinction in the Union A rm y
during the Civil War, became thereafter engaged in businesspursuits, and was elected a Director in 1889. His frank and
genial manner won the friendship o f his associates, and his
faithful discharge o f duty attested his devotion to your in
terests.
Mr. M. H. Arnot was elected to fill the vacancy caused by
the death o f Colonel Parsons, Mr. W ayne MacVeagh to fill
that caused by the death o f Mr. Hall and Mr. Michael Jen
kins to fill that consequent upon the death o f Mr. James.
Since the close o f the year your Company has also lost by
death, on the 29th o f January, 1898, its Purchasing Agent,.
Mr. A. W . Sumner. Mr. Sumner had been in your service
since 1864 and had been officially connected with your Pur
chasing Department from 1875 until his death. He per
formed the duties o f that responsible office with the utmost
fidelity and ability, and possessed qualities which especially
fitted him for the successful administration o f his office.
In accordance with the revised organization Mr. Charles
A. Chipley was appointed General Freight Agent in charge
o f local traffic, and Mr. John B. Thayer, Jr., General Freight
Agent in charge o f through traffic, taking effect March 10th,.
1897; and Mr. Arthur Hale Superintendent o f Telegraph
January 1st, 1898.
The following statements o f the Treasury accompany this
report: Income Account, General Financial Statement, and
Statement o f Bonds and Stocks owned by the Company.
There is also appended to the report the statement o f the
Insurance Fund. Your attention is also called to the reports
o f the General Manager and Auditor, showing in detail the
operations o f the year.
The Board takes great pleasure in acknowledging the zeal'
and fidelity show by the various officers and employes in
the discharge o f their duties during the past year.
By order o f the B^ard o f Directors.
F R A N K THOMSON,
President,
P ittsburg Bessemer & Lake Erie HR.—Equipment Bonds*
—The company has sold $500,000 of 6 per cent gold equip
ment trust bonds o f $1.000 each. Thev mature $50,009
yearly from 1900 to 1903 inclusive, and $80,000 yearly from
1904 to 1908 inclusive.—V. 65, p. 621.
Texas Central R R .—Bonds Galled.—The company gives
notice that on April 1 it will redeem all of its outstanding
first mortgage 6 per cent bonds at 105 per cent and accrued
interest, and that interest on these bonds will cease on that
date. Also that after March 1 these bonds may be exchanged
at the office o f Moran Brothers for first mortgage bonds o f
the same company bearing interest at 5 per cent. Coupons of
$30 each due April 1 from bonds so exchanged will be paid
without rebate at the time of exchange.— Y. 65, p. 623.
T >ledo St. Louis & Kansas City R R.—Issue o f Receiver’s
Certificates:—The receiver has issued and sold $43^,000 5 per
cent certificates, the proceeds o f which, together wi h cash
on hand, have been used to pay off the old purchase money
judgments, aggregating, with interest, $555,000.- The certifi
cates, which are a lien ahead of the first mortgage bonds,
may be paid off by the receiver at any time.—Y. 66, p. 84.
Topeka B elt Ry.—Ordered Sold.—.ludge Williams at To
peka on Feb. 14 ordered the foreclosure sale of the property.
The road is described in the press dispatches as a product o f
“ boom days ” and as o f little value. S. Barnum is receiver.
Tw in City Rapid Transit Co.—Additional Preferred Stocle
Listed.—The company has listed on the New York Stock Ex
change an additional $577,000 o f 7 per cent preferred stock,
making total listed $1,712,000. The proceeds of the new stock
and of a new issue of three-year 6 per. cent notes for
$750,000 have been applied to the redemption of the $1,435,0 0 six per cent guaranteed certificates issued in 1893.
An advance statement for the calendar year 1897, with balance
sheet, is on a preceding page.—Y . 64, p. 704.
United States Leather.—Dividend Increased.—The di
rectors have declared a quarterly dividend o f 1J^ per cent on
the preferred stock, payable April 1. The January dividend,
was 1 per cent. In 1897 the company paid 4 per cent alto
gether ; in 1896, 1 per c e n t; in 1895-6. The balance sheet is
given on a preceding page.—V. 64, p. 422.
W ilm ington & Chester T raction Co.— Incorporation.—
This company has been incorporated at Trenton, N. J., with
capital stock of $2,000,000 and incorporators as fo llow s:
Henry C. Moore of Trenton, Henry A. McCarthy o f Ridley
Park, G. Richard Nichols of Germantown, Clarence Sice o f .
Darley, Penn.,and Charles P. Martindale o f Camden. The
company is presumably a consolidation of the Wilmington
City Ry. and the Chester Traction Co. recently purchased by
E. W . Clark & Co.—See Y. 66, p. 843.
% h t
C o m m e r c ia l
COMMERCIAL
C O T T O N .
fir n e s .
T h e M ovem ent
EPITOME.
Fr i d a y N i g h t . February 25, 1S98.
■ The uneasiness shown in financial markets oyer the pos
sibilities of the outcome of the existing relations between
Spain and the United States have had very little influence
upon general business, though buyers, as a rule, in some de
partments, have sho vn a disposition to_ hold off and await
positive developments. The depression in financial circles,
as a result of the above-mentioned possibilities, and a slight
hardening of money rates, have also had an influence adverse
to the development of healthy business conditions. Advices
received from London stating that the Chinese Government
had agreed that the internal highways of China are to be
opened to British and other steamers in the course of June
next has been received with considerable interest.
Lard on the spot has been in fairly active export demand
for Cuba and the United Kingdom ; refiners also have been
buyers and prices have advanced, closing at 5‘45c. for prime
Western and 5*10c. for prime City. Refined has had a moder
ate sale at higher prices, closing at 5 £50. for refined for the
Continent. Speculation in lard futures at the Western mar
ket has been fairly active. Early in the week prices ad
vanced. Subsequently realizing sales and sympathy with
the decline in grain resulted in a reaction. The close was
steady.
D A I L Y CLO SIN G P R IC E S O F L A R D F U T U R E S .
Sat.
M a y . . . . . .......................... o. 5-55
Mon.
5-60
Tues.
H T y.
Wed.
5-65
Thurs.
5'55
Fri.
5'55
Pork has had only a jobbing sale, but prices have held
steady, closing at $10 75 for old mess, $11 50@$12 for family
and $10 50@$12 50 for short clear. Cut meats have been in
moderately active demand and prices have advanced slightly,
closing at 6% @ 6^ c . for pickled bellies, 12@10 lbs. aver
age, 4% c. for pickled shoulders and 7^ @ 8c. for pickled
hams.
Beef has been in
moderate
demand
and
full prices have been paid, closing at $9@9 50 for
mess, $10@$U for packet, $11@$12 50 for family and
$16@$17 for extra India mess. Beef hams have been steady
at $23(a$24. Tallow had a moderate sale at steady prices,
closing at 3%c. Oleo stearine has been quiet and unchanged
at 4%c. Lard stearine has advanced to 6J^c. for City, clos
ing steady. Cotton-seed oil has been dull and unchanged at
23c. for prime yellow. Butter has been fairly active and
steady at 14@20c. for creamery. Cheese has been in fair
demand and steady at 6^@ 9c. for State factory, full cream.
Fresh eggs have been easier, closing at 15c. for choice
Western.
Brazil grades of coffee have sold slowly; supplies in sellers’
hands have been large, but there has been no attempt to
force business, and values have held steady at 6% c. for Rio
No. 7 on the spot. The mild grades have been in demand for
desirable grades, and as offerings have been small prices have
advanced to 9@ 9^ c. for good Cucuta. East India growths
have been quiet but steady at 24c, for standard Java. Spec
ulation in the market for contracts has been moderately
active, but at lower prices, under selling by local operators,
prompted by a continued large movement of the Brazil crop
and weaker European advices. The close was steady.
Following are final asking prices :
Feb..................... 5*50o. I May.................... 560o. I Aug.................. 5-75o.
M a r c h ........... 5*50o. June........ .
5'65o. |8ept.. . . . . . . . . . . 5 ‘80o.
April............. . 5-55o. 1July......... ....... 5-70o. I D e c................:. . 595o.
Raw sugars have been firm. Refiners have been buyers
at 4 346c. for centrifugals 96-deg. test and 3 11-16c. fo r mus
covado 89 deg, test, but have succeeded in obtaining only a
limited supply at these figures. Refined sugars have been
only moderately active but firm at 5}£@5%c. for granulated.
Teas have been steady. Other staple groceries have been
firm.
Kentucky tobacco has been in more active demand for e x
port and firm; sales 250 hhds. Seed leaf tobacco has sold
slowly and prices have been barely maintained. Sales for the
week were 870 cases, as follows: 150 cases 1896 crop New
England Havana, 17@35c.; 120 cases 1896 crop New England
seed leaf, 22@30c.; 100 cases 1893 crop Pennsylvania seed leaf,
12c.; 150 cases 1895 crop Pennsylvania seed leaf, li^ @ 1 2 j.;
100 cases 1895 crop Pennsylvania Havana,
100 cases
1895 crop Zimmers, 15@ 17c., and 150 cases sundries, 6@16c.;
also 350 bales Havana at 60c. to $1'10, in bond, and 125 bales
Sumatra at 75c. to $1*75, in bond.
Straits tin has had a fairly active sale, and in response to
stronger foreign advices prices have advanced, closing at
14*15@14*2ic. Ingot copper has been firm. Deliveries on
contracts have been large and a moderate volume of new
business has been transacted, and prices have advanced to
11% g. for Lake. Lead has weakened slightly, closing at
3 •80@3,82^c. for domestic. Spelter has been firm but quiet
at 4*10@4-20c. for domestic. Pig iron has been moderately
active and about steady at $9 75@12 00 for domestic.
Refined petroleum has been fairly active and higher, clos
ing at 5*85c. inbbls., 3*35c. iu bulk and 6'500. incases; naphtha
quiet at 5-50c. Crude certificates have been moderately ac
tive and higher, closing at 92c. bid; credit balances have
been advanced to 73c. Spirits turpentine has been in more ac
tive demand and firmer, closing at 35@35^c. Rosins have
been quiet but steady at $1 40(®1 45 for common and good
strained. W ool has been quiet and easier. Hops have been
moderately active and steady.
42«
THE CHRONICLE.
F ebruary 26, 1898.J
F r i d a y N i g h t , February 25, 1898,
C r o p , as indicated by our telegrams-
of the
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 162,474 bales,,
against 185,133 bales last week and 200,863 bales the previous
week, making the total receipts since the 1st o f Sept., 1897,
7,3)9,460 bales, against 5,940,209 bales for the same period of
1896-7, showing an increase since Sep.1,1897, of 1,419,251 bales.
Mon.
Sat.
Receipts at—
Galveston........
Tex. City, &c.
New Orleans...
Mobile.............
Tuts.
Wed.
Thurs.
Fri.
local.
4,166 9,000 5,408
........
........
......
13,212 20,393 10,242
1,814 1,867 1,657
4,997
......
4,231
651
3,827
........
5,591
612
3,146 30,544
3,403
3,403
9,507 63,170
7,140
f 09
4,070
......
227
.........
3,363
........
1,838
........
592
2,715
........
1,025
........
121
794
.....
721
425
1,134
........
789
1,702
........
582
470
362
8
3,293 20,287
7,984
7,984
2,356
7,219’
713
713
228
1,83832
32
6,278
1,627
487
487
4,341
648
4,084
1,900
2,952
2,952
1,996
987
Savannah........
Brunsw’k.&e.
Charleston......
Pt. Royal, &c.
Wilmington....
3,430
221
......
426
3,416
........
1,552
........
471
Norfolk............
N’p ’t News, &o.
New Y ork.......
541
........
962
151
480
......
639
1,138
Philadel’a, &c..
171
468
Tot. this week 25,094 39,424 23,544 17,957 16,683 39.772 162,474
The follow ing shows the week’s total receipts,the total since
Sept, i , 1897, and the stock to-night, compared with last yearReceipts to
Feb. 25.
1897-98.
This Since Sep.
week. 1,1897.
1896-97.
This Since Sep.
week. 1,1896.
Stock.
1898.
1897.
173,907
566,782
45,186
94,667
4,291
362,408
22,641
90,861
6,104
26,912
68,4801,172
35,672
19,868
12,553
63,655
963
203,265
48,000
31,749
11,456
16,416
100
264,331
21,000
18,6187,781
Totals....... 162,474 7,359,460 84,395 5,940,209 1,288,708
930,16G
Galveston... 30,544 1,735,618 17,147 1,237,792
2,699
92,148
78,474
3,403
Tex. C.,&c.
New Orleans 63,176 2,226,763 30,546 1,828,099
5,601 256,760
7,140 315,711
M obile........
68,726
35
95,253
Florida........
Savannah... 20,287 1,044,115 13.&54 745,923
973 136,174
7,984 209,257
Br,wiok,&o.
2,840 371,198
7,219 422,904
Charleston..
58,486
1
61,812
713
P.Royal,&o.
582 229,041
Wilmington.
1,838 299,907
826
1,177
32
8
Wash’n, &o.
6,907 635,679
6,278 500,484
N orfolk.......
14,736
14,855
198
487
N’portN.,&o
42,348
77,533
4,341
New Y ork...
1,808 138,157
4,084 153,353
Boston........
53,789
60,552
793
2,952
Baltimore. .
30,327
61,692
703
1,996
Philadel, &o.
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
1893.
Receipts at—| 1898.
1897.
1895.
1894.
Galves’n,&e.
New Orleans
Savannah...
Chas’ton, &c.
Wilm’ton, &o
Norfolk.......
N. News, &o.
All others...
33,947
63,176
7,140
20,287
7,932
1,870
6,278
487
21,357
19,846
30,546
5,601
13,554
2,841
590
6,907
198
4,312
19,546
26,266
3,220
16,650
11,336
1,453
9,926
1,361
5,895
23,977
45,255
3.472
15,867
8,961
2,002
7,318
5,756
25,332
6,794
21,793
2,084
9,645
1,822
790
5,858
5,252
13,820
13,467
28,555
3,015
4,495
2,100354
3,701
1,390
7,964
Tot. this wk.
162,474
84,395
95,659
137,940
67.858
65,041
1896.
Since Sept. 1 7359.460 5940,209 4460,211 6736,199 5236.728 4348,391
The exports for the week ending this evening reach a total
of 148,529 bales, oi which 80,612 were to Great Britain, 7,016to France and 60,9)1 to the rest of the Continent. Below
are the exports for the week and since Sept. 1,1897.
Exports
from —
G alveston.......
T ex. City, &c..
New Orleans..
P e n sa cola.....
Savannah.......
Brunswick —
Charleston....
Port R oya l—
W ilm ington ...
N’ port N., &c..
New Y ork .......
Week Ending Feb. 25,1899. From Sept. 1,1897, to Feb. 25,1898.
Exported to—
Exported to—
Great France Conti
Conti lo ta l
Great
Total. France
nent.
nent. Week. Britain.
Brlt’n.
11,474
33,349
3,636
6,044 21,146 37,664
317
317
8,141 41,490
3,630
16,618 22,482
4,100 4,100
1,786
5,886
1,786
4,713
13,686
6,538
B altim ore....
664
Philadelphia..
San Fran., Ac.
1,972
205
205
6,014 11,699
207 13,893
2,495 8,033
564
2,860 2,660
653,115 260,935
4,949
724,036 310,181
113,122
59,818
73,798 33,547
128,456
83,489
45,662
108,556
54,746
200
9,538
193,196 87,700
192,695
65,807 2,198
11,315
2,422
338,730 1,250,78017,794
22,748;
483,394 1,523,01143,708 158,830
30,882
90,700
503,130 609,47553,997 180,453;
190,416 279,905
8,000
53,662
160,083 268,03»
78,173
23,427
749
10,487
146,084 370,980
4,526 197,22077,592 145,537
12,6051.350
82,814
80,392
T o ta l........... 80,613 7,016 0i’,901 148,629 2,522,720 655,751 2,168,253 5,340,724
1«-tal. 189*1-97. 4 • 883 84,801 40,*ll 113,494 2,538,274 554 821 1,640,670 4 639,265-
480
THE CHROJN1CJLE
[V o l.
l x
\I
30,101
6-14
In addition to above exports, our telegrams to-night also
T h e S a l e s a n d P r ic e s o p F u t u r e s at New York are
g ive us the following amounts of cotton on shipboard, not shown in the following comprehensive table.
cleared, at the ports named. We add similar figures- for 2* fo-H
H
%
g
New York, which are prepared for our special use by Messrs. £ <i « QWOOîl
Q>tJöd© 2 3 Ï S
ft
o OttoDg.
»
o3.£g
S
®£
o
Lambert & Barrows, Produce Exchange Building.
£g
S i»&
t i S§§£
A AÄ OBO ® O
D oä£i&
OBo ® P O
m » ¡T Œ
BÔ ©
pi
M
MKM© 2 .% t»
®
*4
M®
O
B
8
D
K
*
®
O
B
pi
C*®
on
ft.
C
-A
®
»
U « Ï ,tfA
MA
«
P
*
P OB «¡ft P OB'*
P—
®P
O
B
'*
P
®8
>
O N S H IP B O A R D , N O T C L E A R E D P O R —
y o eK.
« « gvj
•’S OL.
• » et-® I b
» S'
Leaving
! P et ”3 : g c t w
g ef
: ?
X.P.?
Feb. 25 at
Great
!: SR®
Other Coast
8toek.
D
:
p-j- o- • pi j—C
Total.
Britain. France. Foreign wise.
O
'
• -2*. O'
» OB
:
?
Qp ••
§ !. C
to
44
* Ö
New Orleans... 14,209 28,955 55,303
B
O
AA
1,046
99,513
467,269
AA
Galveston........
10,027
9,947 25,571 11,354
56,899
I
117,008
1
Savannah........
None. None. 15.000
500
15,500
75,361
Charleston.......
None. None.
7,000
as
1.800
8,800
a«
18,112
05
M obile.............. 15.000 None. 10.000 None.
25,000
Ç50MÎ3 ®WHM
20,186
22©’-‘ tì jn©
0
gOCOOg, g-MOOff
N orfolk.............
o»®g
5,000 None.
5,500 18,000
a «© !
35,155
L^h SS,
g®
8»0,Pg5. 85 Wg
85
®
New Y ork........
9,700
2,000
6,900 None.
18,600
184,665
„R
*
P*
A
Pi
SO®
Ä
C
O
®
Other ports___ 20.000 None. 20,000 None.
H «© H »<1050« *<©©S
40,000
78,140
*«3©©tj
• M©
I a'**'
SO
!►
Total 1898... 73,936 40,902 145,274 32,700 292,812
995,896
W©
^
05
<»05
WCJI p*
Total 1897... 43,439 16,882 70,402
6,328 137,051
793,109
0
0
«Ò© no ©
©© QQ
Total 1896... 57,935
8,368 62,208 14,839 143,350
685,083
05CO 095 sc© ^
M M 'S
A
1 ®
I9»;
c
a
Speculation in cotton for future delivery has been only
WCJ1©01
II O
°©O ©CiOC)
©
o
°
©
moderately active, and no changes of an important nature
©50 M
!>
have occurred in values. Saturday prices eased off a few
05© ^ ©w £ ©© 5j
<?<? <1 „Cuoi Ï
00
O©
00* ©so
©© oi
points, under limited selling for European account. Monday
Miss m 2 000 052 MM552
Ifi-WM'g wwm '5
*
8
1 S.w ® 1
values again weakened slightly during early ’Change, in re
I 9©*
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0
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0*0100»
sponse to slightly easier advices from Liverpool and limited
o o©0 ©
© © o w©
«*> M tow CO
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selling by local longs, prompted by the depression in financial
tocircles. Subsequently, however, there was some buying
©©
œ© £ ©© 5
©O fB o© oo ©Ó C95
to cover contracts over the holiday on Tuesday and the
©© of
'S cuts 2 ||*-W
<?w ©©
early loss was recovered. Wednesday there was a firmer
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tone to the market.
Liverpool advices came unex
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pectedly stronger, the result, it was stated, of the
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more amicable political situation in the Far East,
©© % ©© % <»© ^
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and as they were accompanied by buying orders both from
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nervous and bought to cover contracts. At the advance,
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however, there was moderate selling by longs to realize
© ©O © ©©Q©
A©
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©o®
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profits and part of the improvement was losr, closing with
©co
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© ©
coo> co I
prices 6 to 8 points higher for the day. Thursday there was
©©
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£
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%
an unsettled market. Foreign advices were again stronger
O no h+h* Q
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no ©
© o
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and Liverpool bought. Southern advices reported firm
I
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markets, with a more active demand from exporters,
©
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©©©©
and prices advanced early. The depression in finan
mA©* MM®M
CO © ©
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cial circles, however, prompted selling by Wall Street
©oc ©
>
longs who were disposed to liquidate their accounts, and
n
©© % ©© >
9 © \ ©© 5 OO) %
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O
there was also some selling for Western account, and the
HH »T
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's
close showed prices slightly lower for the day. To-day the
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market was moderately active on buying for foreign account
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early in the day. Subsequently local operators bought,
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to *®M MM®*
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to
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pK
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stimulated by a smaller movement of the crop for the week
>
>
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than expected, and active, and in some instances slightly
■ 0)« « ©©
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to tóM < ©©
M
^*li*0
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higher, markets at the South. The close was very steady,
to00
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g
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.
to
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•
with prices 5@7 points higher for the day. The spot market
1 bo
1SI©: 1 Ö©:
1
1Ö 0
1
^
M
has been dull and without changes, closing at 6J^c. for mid
©0)OO) 0)0)00) © 0)00)
0)0)00) 0)0)0
OO)
toto©s
*M©H
H
*
dling uplands.
►i©K>
MM©M
©*
COCO o 0)CD <1 00to
o
M
C
O
M
CO
On the basis of the rates on and off middling as established
>
>
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%
0)©
a
<
3
>
^
99
<
99
<
by the Revision Committee, the prices for a few of the
to* *r MM
MM no
grades would be as follows:
©<i 'S
S§ A M
©tj fc5© 'S
MM
1«1*; 1Si“1; 1
1$
1
|
K
C
O
<
1
Ü
!
UPLANDS.
S at. M o n T u e s W e d T li . F r i.
Mo 0)0)00) 0)0)00) 0)000)
0)
o M»®M **©M MM®*
1
0)00 c* <1© CD
Good Ordinary.......................... 5
CDM CD to
5
5
5
5
pi
Low Middling............................. 5 >
513le
513« 513« 513.8
eS
>
©
*0
©© % 0)0) ►
9 9 < M© ^ œ© %
Middling..................................... 6%
6%
6%
6%
6%
»
H'-‘ n
o
Ó© O
Q ÓM AJ
Good Middling........................... 6%
6%
o
6%
6%
6%
©
wm'S
ww
'S
CDOM?
»»A
Middling Fair............................ 616,, 6l6te a
615« 615,8 615.8
1 Ö©;
1
*gm.
1
ö
i“:
1Ö
0)
©
0
0
to
0)0)00 0)©o© 0)0)00)
GULF.
0) 1§©
S a t. M o n T u e s W e d T li. F r i .
Ù>M®M MM®M MM©M
m I ©M
©© -4 O*0) Cl ©© -4
CDO CD ©
©
Good Ordinary............. ............ 5%
5%
5%
5%
5%
>»
Low Middling............................ 0 ll6 61m
CÖ
©©
¡5
6»ie
6
1
«
05«
5
•Ö 6%
'M id d lin g ....:............................. 6%
6%
6%
6%
©Ó O
B
©<j s ifcut
w©
Good Middling........................... 6%
6%
6%
6%
so© A
O
6%
I 9 » r I 91
Middling Fair........................... 73, „ 7»,«
I9
9:
I « r©.
a
78,e 73,« 7 3 «
©©Q © © ©O © ©©O ©
© . oo
STAINED.
S at. M o n T u e s W e d T i l . F r i.
K»M©H M*©M * r-*® M
* I
MSP <1 WM CJl ©X M
Low Middling.............................
Middling.....................................
Strict Middling..........................
Good Middling Tinged.............
4»8
513le
61^2
6%
45g
513« Holi
t>l<52 day.
6%
45g
513«
6132
6%
45g
45s
I1S
‘ Hk
6% ' 6%
I* The quotations for middling upland at New York on
Feb. 25 for each of the past 32 years have been as follows.
.0. 6%
1890. ...O.lO^l A 1882. ..0.1111,6 1 8 7 4 ....c.16
1889. .......10%
. . . 7%
1881.. ....11 9 ,6 1873........2078
1888. .......109,6
. . . 7%
1880.. ....1 3 %
1872....... 22%
1887.
.
.
.
.
99,6
1879.. . . . . 9%
1871........153s
.*■’
. . ]îît16
75s
1886. ....... 8%
1878.. ....1015,6 1870........23%
1885. ....1 1 7 ,« 1877.. ....1 2 %
. . . 9%
1869........29%
. . . 71,8 1884. ....1 0 %
1876.. ....1 2 %
1868........22%
... 9
1883. ....103,6 1875.. ....1 6
1867........32
N ote .—O n Oct. 1,1874, grades of cotton as quoted were changed.
According to the new classification Middling was on that day quoted
%o. lower than Middling of the old classification.
MARKET AND SALES.
SA L E S O P S P O T A N D C O N T R A C T .
SPOT M ARK ET
CLOSED.
Sat’day..
Monday.
Tuesday
Wed’day
Th’day..
Friday..
aL.
Total..
Ex
port.
Sales o f
Con- Spec- Con
Futures.
sump. uVVn tract. Total.
Dull...................
Q uiet.................
---
Dull and steady
Dull hut steady.
Steady...............
....
6Ó
26
....
314
228
..H o ll day..
....
....
....
226
61,600
104,300
....
....
....
60
26
183,900
180,400
166,000
314
686,200
fife.
< 90) »
hm
of
to SO
J®
I 91-*
: 1 ^ M.®
0) 0) 1 OO)
5to M ' ®M
M 00
£
©© $
i.
to to of 1
A5
rf^to ©
1^
1
®
a©
>
5
®© 'S
1$ ;
o»
0) 1 OO)
M •® *
CO
CD
►
11 4
05
1
®
11
OiO
Mm
Mif»
1«
:
■
;
:
>
’q
g?
'S
®
I9
©,
M 1 ©M
W
P►
11 < 1
11
1 3^
0^5
11
1« : ® 1d : ?
11
* Includes sa es in eeptemoer, for September, 84.900; SeptemberOctoher, for October, 375,200; September-November, for Novem ber,
318,100; September-December, for December, 1,181,400; SeptemberJanuary, for January, 3,979,600.
The following exchanges have been made during the week •
•18 pd. to exch. 2,200 Moh. for Aug.
•13 pd. to exoh. 1,000 Mch.for J uly.
•11 pd. to exch. 100 Moh. for J’ne.
•17 pd. to exch. 12,600 Mch.for Aug.
•10 pd. to exch. 200 Moh. for J’ne.
•15 pd. to exch. 900 Moh. for Sept.
EveD 400 Feb for Moh
•16 pd. to exch. 4,100 Mch for Aug.
•13 pd. to exch. 200 Mch. for Oct.
14 pd. to exoh. 100 Moh. for Sept.
•07 pd. to exch. 2,000 Mch for May.
•15 pd. to exch. 300 Mch. for Nov.
•11 pd. to exch. 500 Mch. for June.
•08 pd to exch. 100 May for Oct.
•06 pd. to exoh. 2,600 Mch. for May *
•14 pd. to exoh. l,Oi><> Moh. for Oct*
•15 pd. to exch. 1,600 Mch.for Aug*
•12 pd. to exch. 500 Mch. for J u ly
*03 pd. to exch. 100 May for June*
•03 pd. to exoh. 300 JUne for July’.
•16 pd. to exoh. 1,500 Mob.for Aug
•07 pd. to exoh. 700 May for Nov.
•12 pd. to exoh. 2oo Apr. for Aug.
•12 pd. to exoh. 1,000 May for Jan.
•03 pd. to exch. 200 July for Aug.
•03 pd. to exoh. 100 Oet. fo r Dee.
*09 pd. to exoh. 500 Mob. for J’ne.
IH E CHRONICLE
F ebruary 26, 1818. J
4aL
The above totals show that the interior stocks have
decreased during the week 29,531 bales, and are to-night 187,009
bales more than at the same period last year. The receipts at
all the towns have been 54,496 bales more than the same
week last year, and since Sept. 1 they are 1,277,797 bales more
than for the same time in 1896-97.
Quotations for Middling Cotton at Other Markets .—
1898.
1897.
189S.
1895.
Below are closing quotations o f middling cotton at Southern
Btook at L iverpool....... bales. 1,179,000 1,403,000 1,150,000 1,814,000 a ad other principal cotton markets for each day of the week
Etook at London......................
4,000
5,000
5,000
6,000
T he V isible Supply of Cotion to-night, as made up by
cable and telegraph is as follows. Continental stocks, as well
as those for Great Britain and the afloat are this week’s re
turns and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to night (Feb. 25), we add the item of exports from
the United States including in it the exports of Friday only.
Total Great Britain stock. 1,183,000 1,408,000 1,155,000 1,820,000
Btook at Ham burg..................
7,090
20,000
26,000 27,000
Stock at Bremen..................... 322,000
230,000 297,000 357,000
Stock at A m sterda m ..... . . . .
3,010
6,000
9,000
17,000
Stock at R otterdam . . . . . . . . . .
300
300
200
200
Stock at Antwerp....................
7,000
11,000
16,000 12,000
Stock at Havre......................... 283,000
236,000 307,000 519,000
Stock at Marseilles.................
4,0C0
5,000
7,000
5,000
Btook at Barcelona.................
68,0C0
64,000
77,000
87,000
Stock at Genoa........................
41,000
52,000
67,000 25,000
3,000
13,000
20,000
15,000
Stock at Trieste.......................
Total Continental stockA. 738,300 637,300 826,200 1,06 i,200
Total European stock s.... 1,921,300 2,045,300 1,981,200 2,834.200
India cotton afloat for Europe
43,000
96,000 159,000
50,000
Am er.cottonafloatfor Europe 552,000 345,000 343,000 421,000
Egypt,Brazil,<fto.,aflt.for E’pe
39,000
30,000
37,000
28,000
Stock in United States ports . 1,288,708 930,160 828,433 989,028
Stock in U. 8. interior towns.. 511,247 374,238 410,983 402,728
United States exports to-day.
22,609
2,624
24,462
19,763
Total visible sunply.......... 4,377,864 3,823,322 3,784,078 4,794,719
Of the above, totals o i American and other descriptions are as f ollov s:
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
' Feb. 25.
Galveston. .
NewOrleans
M obile........
Savannah. .
Charleston..
Wilmington.
Norfolk.......
Boston........
Baltimore...
Philadelphia
Augusta.......
Memphis___
St. Louis___
Houston___
Cincinnati..
Louisville...
Satur.
Mon.
5 ’ 316
5ifl
5«8
5»8
5®8
50s
578
6t4
6
6ia
51516
50g
50s
5%
5^
57a
51316
5*a
5«8
60s
5»8
50s
578
6I4
6
6^3
578®1516
50a
50s
5Uie
53i
50a
Tue*.
Wednet.
Thurs.
Fri.
'G
a
M
57a
59l6
55s
5 io18
50a
50s
578
6*4
6*8
6ia
6
s jh e
SU-tt,
5Hia
5%
50s
57a
S»,«
50a
5u ie
5Uie
503
57s
6I4
6!8
6*2
6
m »
51116
578
5 7e
59,6
Slim
5\
5I1i 6
5%
578
614
6*8
6
eh «
5 ,1 »
51116
57e
5?t
534
50s
Southern markets were as follows.
Nashville...... S^aAthens.............
61« I Columbus,Miss 5*8
N atchez....... 5%
Liverpool stock.............bales. 1,051,0001,223,000 960.000 1,666,000 Atlanta. . . . . . . . 5i318 |Eufaula.. . . . . . . 5%
|Little R o o k .... 5 h « Raleigh....... .
5°s
Continental stocks...............
703,000 580,000 733.000 975,000 Charlotte......... 6
Amerioan afloat for Europe.. 552,000 345,000 343.000 421,000 Columbus. Ga. 5 s» I M ontgom ery... 5iSie Shreveport...... 55ie
United States stock................. 1,288,703 930,160 828,433 989,028
RECEIPTS FROM THE FLANTATIONS, The follow ing table
United States interior stocks. 511,247 374,238 410,983 402,728
24,462
19,763 indicates the actual movement each week from the plantations.
United States exports to-day.
22,609
2,624
The figures do not include overland receipts nor Southern
Total American.................4,130,564 3,455,022 3,299,878 4,473,519
East Indian, Brazil, do.—
consumption; they are simply a statement o f the weekly
Liverpool stock................ . . . .
128,000 180,000 190,000 143,000 movement from the plantations o f that part of the crop w hich
London stock............................
4,000
5,000
5,000
6,000
Continental stocks..................
33,300
57,300
93,200
89,200 Anally reaches the market through the outports.
India afloat for Europe..........
43,000
96,000 159,000
50,000
Wale
Receipts a t the P orts. St’k at Interior Towns. B ec’pts from P ianP n t„
39,000
30,000
37,000
28,000
Egypt, Brazil, &c., afloat.......
Ending—
Total East India, &C ........................... 247,300 368,300 484,200 321,200
1890.
1858. 1897.
1896. 1898. 1897. 1890.
1898. 1897.
Total Am erican..................4,130,564 3,455,022 3,299,878 4,473,519
Total visible su p p ly..........4,377,864 3,823,322 3,784,078 4,794,719 Jan. 21...... 233,940 130.160 112,395 002,828 502,917 533,688 213,211 100,955 93,475“ 28...... 208,710 138,302 122,902 590.970 471,186 505.878 190,862 108,571 95,092
Middling Upland, Liverpool..
3716d.
4d.
4i332cl,
3d.
Middling Upland, New York.
6540.
7°jpC.
7 ì 31(Jo.
59ie0. Feb. 4 ...... 223,128 101,564 113,589 569,25 i 444,400 479,143 201,105 74,778 86,854
Egypt GoodBrown, Liverpool
4*ad.
55i«d.
65i<jd.
43td.
“
11...... 200.866 119,423 100,146 558,555 429,091 458,279 190,170 104,117 ss.esa'
Peruv.Rough Good, Liverpool
67gd.
Shd.
6?16d.
S^d.
“
18....... 185,133 84,391 109,395 540,768 401,905 438,187 167,346 57,745 89.603
Broach Fine, Liverpool.............................
33sd.
4d.43jed.
“ 25. .. 162,471 81,395 95,659 511.247 374.538 110,983 132,953 56,728 68,155
Tinnevelly Good, Liverpool..
3^.
33132d.
4336d.
3316d.
P f* Imports into Continental ports past week 99,000 bales.
The above figures indicate an increase m the cotton in sight
to -night of 554 543 bales as compared with the same date
o f 1897, a gain of 593,786 bales over the corresponding date
o f 1896 and a decrease o f 416,855 bales from 1895,
A t the I nterior T owns the movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period o f 1896-97—is set out in detail below.
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1897, are 7,825.631 bales; in
1896 97 were 6,193,853 bales; in 1895-98 were 4,838,494 bales.
2.—That although the receipts at the outports the past week
were 162,474 bales, the actual movement from plantations was
132,953 bales, the balance bein ' taken from stocks at interior
towns. Last year receipts from the plantations for the week
were 56,728 bales and for 1896 they were 68,155 bales.
O v e r l a n d Movement for the W eek and Since Se p t . 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night. The results for the week ending
Feb. 25 and since Sept. 1 in the last two years are as follows.
1897-98.
February 25.
Week.
»
M
Shipped—
Via St. L ou is................................
Via Cairo.......................... ............
Via P arker.......... ......................
Via Rock Island....... ..................
Via Louisville......................
Via Cincinnati.......................... .
Via other routes, & c ..„..............
.h-*
JUHM
00
CO ^
M
WGtm'© 0100 toco to ts 00L* 05Oi 0 0 00*4 tOGi CO05 00 wi-* M o lo COG» M
Ü^OOOtä^CDOCOOGiOMGiMOi^lG^OCM^IOOO^ItöGiCOOiOGt
*4COtO?Ol^t<iGiH*G»»^Oi^fcOOOtOCCOOCOG»^^tOOOODC0^30G»OOGt
Gl*
CDCOtOdì*CO^4 ^ CDtOCO05 OD00 00 CO<1G»
Gi<l 05 CD00 CO00 <J00 G» *0
^
OCOJOKÎ
^ P ^ P P P f* t*Ì ^ P ^ P P P P f * fcOODC0>4 *9 MM
^ <1^ 05^ Ä^D^OOCOCOO G» Gi Q0<IO5
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OCStOOitOCOOOCOMOOtOMOCOCD^QDMCOGiCO^Mh-tO^iCO^rf^^
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to
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OOm'Jì H COM to 00 ^ to to 05^0 CO3?
COGl<3 05 COtf»* G» 0505 CoV M
^405<JMMO- COOlG»OWOtOOCOMC5G, 0‘. MMCJD^aDGiMQO^O^Gl
M<l<IO-*05G«tO*4^0GiGiGitOMCOCOCOGiO<JCOtf^OtOGi<ltf^OOGl
O'
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l->
tO
O'
10
t—
•
CO ; 0<)Mf*-p<Onoœ> tf*.*< 1 0 1 O'05O-J05MjO
T-'T-'OOfcOO'O'1 o i » 1
^œi^aioTco wiii-(oVio<M
oo O'oj toto O ! o o i; if- m H ioioo ©mooi^-iife. o oi os m to if>.o<
»
S-S'2
S'
es
05-3 if* 00 «->«4 • 0 9 - HMC000O'-4i-‘ OOC0-4CC05C000O 0500Oœ>
U fk lt-S M O
<0 M CO 05 M 05 O '
t i to H tS tO M h- QO 03
05 W tO CO
i»cooc)-‘ i(^o:^itoi<^ucoo5-4iococscoooo^)Oto<)i(^i^cococoo<cooc
Sh
ss
O O M O itO - 4 - 4 0 5 55if‘ t 0 0 C '4 C l f 1-l-‘ a ) i m - ‘ œ i - ‘ O i - ‘ 0 5 i-100 0 5 O 'Ü > l-‘ ife O
5 tgj
W
J(• «Ï
1 $
co*
to p ^ ^ p w CO
ܻ05M
05
8 ,l
MGl GÌCOMCO00 MMGl coOiT^^l1»
CO0505^0<1
05ODM05 I ■
Ül^.^^t0l0C5OCJi05OO»-C0C0t0C0WC0Gl^CDMMÏ5tf^MÜlQ0M 52 *
^QCOMQiGKICOO^^OiCOGiGiGiOiOOiOQPtCCOOGKI^X^^I
* Last year's figures are for Columbia. S. C
427,116
231,061
13,407
12,648
113,764
109,639
83,975
43,823 1,362,712
25,902
996,610
13,373
226
856
353,130
20,673
27,538
3,304
49
669
264,621
3,231
25,877
14,455
401,341
4,022
293,729
Leaving total net overland*.. 29,368
Including movement b y rail to Canada.
961,371
21,880
702,881
18,230
10,399
1,008
638
2,668
6,603
4,277
The foregoing shows that the week’s net overland movement
this year has been 29,368 bales, against 21,880 bales for the
week in 1897, and that for the season to date the aggregate net
overland exhibits an increase over a year ago o f 258,490 bales.
In Sight and Spinners’
Takings.
Total m arketed.........
interior stocks in excess.
'b''w ©*-j © © O'05k) O'toio ©
o ©Vi œ ao ©To w V telo bo © ©'"->*—•
-4toi-‘ -4toco*4i-‘ aoo5a5ü'MCOto©©©toC5-iC50'© to o i-i o io o ic r
©CO©to-4©©bOMOOOIOOa)0'lf-'4l-‘ tO-4(»-4f-,OOMMtOtcH#-0'--4
to
Since
Sept. 1.
1897-98.
Week.
Since
Sept. 1.
1896-97.
Week.
Since
Sept. 1.
162,474 7,359,460 84,395 5,940,209
Receipts at ports to Feb. 25.
Net overland to Feb. 25...... ........ 29,368 961,371 21,880 702,881
Southern consumption to Feb. 25 22,000 573,000 20,000 528,000
tot
O'
to
tO tO O «O ltO I-‘ l-‘ ( f - t O t O O '0 ''4 05COO»MCO
O 'O '| U 0 5 t0 O « M -4 r fi.0 5 t 0 l-‘
« ( ► 9 © W « j K W j 5 © © 0 0 < J K - 4 O '05^4 0 1 © COM M © M tOOO © -4 COO '
to
©
K 00
00 JOM
to
^M-4
JMH to
w ’ccoo tow '-j ©MtOMltkOo'Mi^MOOOO O' m'©M © i£>1- 1COMcoco 0»
mif^CO©—Cû05£--J0DCOC)tO'I^C5t0©©00tO-4 05'5O0005l^l^©COO5-4
001- 1to O'O O 05-4 to © © COGO13-4 to H>© to h* £-00 O'05CO00 © to tOM
Week.
8,139
8,082
923
113
2,526
4,243
1,876
Total to be deducted............. .
to
1896-97.
698,834
286,824
23,611
40,288
93,323
100,445
119,387
Total gross overland...............
Deduct shipments—
Overland to N. Y., Boston, &o..
Between interior towns.............
Inland, A c., from South.............
to ►
Gl
Since
Sept. 1.
213,842 8,893,831 126,275 7,171,090
*29,521 466,171 *27,667 253,644
98,608
Came into sight during week. 184,321
9,360,002
7,424,734
Total in sigkt Feb. 2 5 . . .......
North’ r spinnerstak’gs to Feb.25
* Decrease during week.
33,214 1,691,403
39,443 1,286,18a
It w ill be seen by the above that there has come into sight
during the week 184 321 bales, against 98,608 bales forth©
same week o f 1897, and that the iocreasf in amount in sigh $
to-Dight as compared with last year is 1,935,268 bales.
432
THE CHRONICLE.
f
L. L X \ I.
W e a t h e r R e p o r t s b y T e l e g r a p h .— Reports to us by tele
I n d ia C o tto n M o v e m e n t p r o m a l l P o r t s . —The receipts
graph this evening indicate that rain has fallen in most dis of cotton at Bombay and the shipments from all India ports
tricts of the South during the week, but that in general the for the week ending Feb. 24, and for the season from Sept. 1
to Feb. 24 for three years have been as follows:
precipitation has been light. The temperature has been lower*
1897-98.
1896-97.
1895-96.
In Texas farm work has been retarded in western and south
western sections by cold weather. The preparation of land Receipts at—
Since
Since
Since
Week. Sept. 1.
Week. Sept. 1.
Week. Sept.
has been commenced in portions o f other States.
1.
Galveston, Texas.—Cold weather has retarded farm work Bombay.......... 61,000 527,000
50,000 678.QP0 69,000 1,036,000
over West and Southwest Texas. W e have had rain on two
For the Week.
flays during the week, the precipitation reaching seventySince September 1.
Exports
three hundredths of an inch. The thermometer has ranged
from—
Great
ContiGreat
Conti
from 41 to 69, averaging 55.
Total.
Total.
Britain. nent.
Britain.
nent.
Palestine, Texas.—W e have had rain on one day during
Bombay—
the past week, the rainfall being twenty-four hundredths of
1897-98..
1,000
3,000
2,000
2,000
82,000
84.000
an inch. Average thermometer 50, highest 70 and lowest 30.
189697..
13.000 13.000
7.000
194.000
2 01,000
Corpas Christi, Texas.—There has been light rain on one
1895- 96..
43.000 43.000
24.000
300.000
324, OUO
day of the week, the rainfall reaching four hundredths o f an Calcutta—
189798..
2Í000
9.000
11.000
inch. The thermometer has averaged 58, the highest being
189697..
4.000
19.000
23.000
72 and the lowest 44.
1895- 96..
3.000
13.000
16.000
San Antonio, Texas.—There has been no rain during the Madras—
1897- 9 8 ..
2.000
6.000
week. Minimum thermometer 84.
8,000
189697..
9.000
17.000
26,000
New Orleans, Louisiana.—W e have had rain on one day of
1895- 96..
1,000
1,000
18.000
13.000
31.000
the week, the rainfall being sixty-four hundredths o f an inch. All others—
189798..
9.000
The thermometer has averaged 56.
23.000
32.000
189697..
13.000
41.000
54.000
Shreveport, Louisiana.—There has been rain on two days
1,000
1895 96..
1,000
20.000
30.000
50.000
of the past week, the precipitation reaching thirty-five hun
dredths of an inch. Average thermometer 50, highest 69 and Total all—
2,000
1897-98..
3,000
1,000
15.000
120,000
135.000
lowest 31.
1896-97
13.000 13.000
33.000
271.000
304.000
Columbus, Mississippi.—W e have had no rain during the
1895-96..
i.ò ’o ó 44.000 45.000
65.000
356.000
421.000
week. The thermometer has averaged 51, the highest being
According to the foregoing Bombay appears to show an
70 and the lowest 28.
increase compared with last year in the week’s receipts o f
Leland, Mississippi.—Te egram not received.
Greenville, Mississippi.—The weather has been clear and 11,000 bales. Exports from all India ports record a loss
o f 10,000 bales during the week, and since September 1 show
pleasant all of the past week.
Vicksburg, Mississippi.—Rain has fallen on one day o f the a decrease o f 169.000 bales.
A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s o p C o t t o n .—
week, the rainfall reaching seventeen hundredths o f an inch.
The thermometer has ranged from 32 to 70, averaging 52.
Through arrangements we made with Messrs. Davis, Benachi
Little Rock, Arkansas —It has rained on one day of the & Co., o f Liverpool and Alexandria, we now receive a weekyl
week, the rainfall reaching nineteen hundredths of an inch. cable of the movements of cotton at Alexandria, Egypt. The
The thermometer has averaged 44, ranging from 25 to 66.
following are the receipts and shipments for the past week
Helena, Arkansas.—There has been light rain on one day and for the corresponding week o f the previous tw o years.
o f the week, the precipitation being eleven hundredths of an
Alexandria, Egypt,
inch. Ploughing and picking of cotton are in progress.
1897-98.
1896-97.
1895-96.
February 23.
Trees are budding. The thermometer has ranged from 25 to
Receipts (cantars*)....
61, averaging 42.
This week....... ..........
185.000
120,000
85,000
Mobile, Alabama.—Planting preparations have made some
Since Sept. 1.............
5,594,000
4,976,000
4,766,000
progress. A considerable decrease in the use of fertilizers is
Since
This
This
Since
This
Since
indicated. W e have had rain on three days o f the week, the
week. Sept. 1. week. Sept. 1.
week. Sept. 1.
precipitation reaching fifty nine hundredths o f an inch. The
thermometer has averaged 52, ranging from 31 to 68.
Exports (bales)—
L iverpool....... .
4.000 245.000 10,000 250.000 5.000 267.000
Memphis, Tennessee.—Rain has fallen on one day of the
To Continent). . . . . . . 7.000 244.000 11,000 222.000 9.000 220.000
week, to the extent o f one hundredth o f an inch. Average
thermometer 43-6, highest 62*7 and lowest 28.
Total Europe____ 11,000 489,000 21,000 472,000 14,000 487,000
Montgomery, Alabama.—There has been rain on three
* A cantor is us pounds.
days of the week, the precipitation being thirty-one hun
tO fw h ioh to 4 m erio»in 1897-98,30,792 bales; in 1896-97, 31,130
dredths of an inch. The weather has been clear since Wednes bales: in 1895-96, 43,641 bales.
day and farmers are actively preparing lands. The ther
This statement shows that the receipts for the week ending
mometer has ranged from 3 1 to 62, averaging 46
Feb. 23 were 185,000 cantars and the shipments to all Europe
Selma, Alabama.—Rain has fallen on tw o days of the week, 11,000 bales.
to the extent of ninety hundredths of an inch. Average
8 ea I s l a n d C o t t o n M o v e m e n t .— We have received this
thermometer 49, highest 66 and lowest 31.
(Friday) evening by telegraph from the various ports the
Madison, Florida.—Telegram not received.
details o f the Sea Island cotton movement fo r the week. The
Savannah, Georgia.—It has rained on three days of the receipts for the week ending to-night (Feb. 25) and since
week, to the extent of seven hundredths of an inch. The 3ept, 1, 1897, the stocks to-night, and the same items for the
thermometer has ranged from 29 to 76, averaging 53.
corresponding periods o f 1896-97, are as follow s.
Augusta, Georgia.—There has been rain on one day of the
1897-98.
past week, the precipitation reaching forty hundredths of an
Stock
1896-97.
inch. Average thermometer 48, highest 69 and lowest 27.
Receipts to Feb. 25
This
This
Since
Since
Stateburg, South Carolina.— We have had rain on two days
week. Sept. 1. week. Sept. 1. 1898 1897.
o f the week, the precipitation being eighty-four hundredths
309 55,271
734 80,022,16 9*8 18,293
o f an inch. Hail on Sunday. The thermometer has aver Savannah.........................
Ob arles ton, A c.................
15
9,571
5 10,161 3,977 3,734
aged 46 7, ranging from 26 to 67.
Florida, A c.......................
105
6,435 1,576 4.290
6,331
35
Charleston, South Carolina.—There has been rain on three
Total..'.........................
days o f the week, the rainfall reaching eleven hundredths
429 71;173
774 96,618 22,541 26,317
o f an inch. The thermometer has averaged 52, the highest
i he exports for the week ending this evening reach a total
being 69 and the lowest 32.
of 2,832 bales, of which 2,780 bales were to Great Britain, 50
Greenwood, South Carolina.—There has been rain on one to France and — to Reval, and the amount forwarded to
day of the week, the precipitation being seventeen hundredths Northern mills has been 1,272 bales. Below are the exports
o f an inch. The thermometer has ranged from 32 to 51, av for th e week and unce Sepoember 1 in 1897-98 and 1896-97
eraging 41.
Wilson, North Carolina.—Rain has fallen on tw o days of
Week Ending Feb. 25. Since Sept. 1, 1897. North’n Hus,
Export»
the week, to the extent o f fifty-six hundredths of an inch.
Sine«
from—
Great Fr’nce
Great Fr’nee
Average thermometer 44, highest 56, lowest 24.
Total. Week. Sept. 1
Total. BriVn. tAc,
B rifn . Ac.
The rollo wing statement we nave also received by telegraph,
showing the height o f the rivers at the points named at Savannah... 2,053
2,053 12,205 3,234 15,439 1,167 18,573
1,243
4,52»
Uharl’t’ n,&o
309 4,529
309
3 o’clock February 24, 1898. and February 25, 1897.
Feb. 24, ’ 98. Feb. 25, ’97.
Feet.
Feet.
12 6
New Orleans.......
11 0
Mem phis..............
15 0
23-8
NashviHe..............
76
33-6
7-4
Shreveport...........
10
Vicksburg............ .........Above zero o f gauge.
29*3
33-3
J u t e B u t t s , Ba g g in g , & c .—The market for jute bagging
has been very quiet during the week under review, very little
demand having materialized. The close is at 4%c. for
lbs., 5o. for 2 lbs. and 5J£c. for 2^ lbs. The m irket for jute
butts has also been quiet. Quotations are _‘80e. for paper
quality, lj^ c. for mixing and
for spinning cuttings,
to arrive.
Florida, Ac.
New York..
Boston . . ...
Balt., A c....
208
210
Total........
2,780
Total 1896-7 1,1 6?
52
1,725
260 4,889 3,028
2S2
210
200
........
1,725
7,917
262
200
105
___
6,131
_...
___ ___
........
—
52 2,832 23,610 6,462 30,072
1,272 25,947
8,131 42,827
725 30,446
70 1,235 34,696
A considerable portion o f the Sea Island cotton shipper to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead o f including this cotton for
the week in which it leaves the Southern outports, we follow
#he same plan as in our regular table o f including it when
actually exported from New Y ork, &c. The details of the
shipments of Sea Island cotton for the week will b© found
under the head “ Shipping News,” on a subsequent page.
Quotations Feb. 25 at Savannah, for Floridas, common,
9J£c.; medium fine, 10c .: choice, 13*y£c.
Charleston, Carolinas. medium fine, 15^ to 16c.; fine, 17c.;
fully fine, 19 to 20c.; extra fine, 26 to 83c.
Manchester Market .—Our report received by cable
to-night from Manchester states that, the market is firm for
yarns and shirtings, in consequence o f Liverpool news. IVe
give the prices for to-day below and leave those fcr previous
weeks of this and last year for comparison.
1898.
84* lbs. Shirt
82* Oop. ings, common
Twist.
to finest.
Jn. 21
“ 28
Feb. 4
“ 11
« 18
« 25
a.
a.
5 ^ »6=8
5®8 ®6®8
5% ®B°8
5% ®6%
5Hi0®6%
5%
e.
4
4
4
4
4
4
d. 8.
1 ®6
1 ®6
1 ®6
143®6
Ha®6
2 ®6
d.
8
71«
7^2
8*2
9
Total bales
Ne w Y ork —T o Liverpool, per steamer Tauric, 2,537 upland
and 208 Sea Island.................................................................... 2,745
To Hull, per steamer Colorado, 1,668.....................................
1,668
To London, per steamer Londonian, 3 0 0 ................................
300
To Havre, per steamers La Normandie, 780 upland and 5
Sea Island ...L iv, 1,140 upland and 47 Sea Island............ 1,972
To Bremen, per steamer Karlsruhe, 2,264............................. 2,264
To Hamburg, per steamer Arabia, 662....................................
662
To Antwerp, per steamer Berlin, 200 ........................... ........
200
To Christiana, per steamer Island. 100........................ ..........
100
To Oporto, per steamer Dona Maria, 500................................
500
488
To Genoa, per steamer Fulda, 488..................... ......... j............
To Naples, per steamer Fulda, 800........................... . . ...........
800
Ne w Orleans —To Liverpool—Feb. 19—Steamers Costa Rican,
*
4,000; Magician, 9,161.......Feb. 21—Steamers Marino,
7,268; Texan, 5,626
Feb. 25—Steamer Governor, 5,300 31,355
To Manchester—Feb. 23—Steamer Livonia, 1 ,2 94 ................
1,294
To Belfast—Feb. 25—Steamer Imsbowen Head, 700............
700
To Hamburg—Feb. 19—Steamer Rhaetia, 3,774.................3,774
100
To Antwerp—Feb. 21—Steamer William Anning, 100..........
To Barcelona—Feb. 24—Steamer Manila, 2,931..................... 2,931
To Genoa—Feb. 21—Steamer Alesia, 1,336............................
1,336
G alveston—To Liverpool—Feb. 17—Steamer Glenloig, 4,604
....F e b . 24 Steamer Paulina, 3,048-.--.............................. 7,652
To Manchester—Feb. 21—Steamer Wooler, 3,822.................. 3,822
To Havre—Feb. 21—Steamer Cromwell, 5,044................
5,044
To Bremen—Feb. 21—Steamer Kairos, 4,458___Feb. 23—
* Steamers Aldgate, 7,044; Feliciana, 8 ,5 4 2 ..................... 20,044
To Rotterdam—Feb. 18—Steamers Headlands, 151; Lance
lot, 4 3 4 ............................ .........................................................
585
To Antwerp—Feb. 19—Steamer Curytiba. 517.......................
517
317
T exas City , & c.—To Mexico, per railroad, 317...........................
M obile —To Liverpool—Feb. 19—Steamer Specialist, 3 ,6 3 6 .... 3,636
Savannah—To Liverpool—Feb. 21—Steamer Ardrishaig, 3,813
upland and 2,053 Pea Is la n d ...............................................
5,866
To Bremen—Feb. 18—Steamer Olaf Kyrre, 4,210
i ........ 4,210
To Barcelona—Feb. 19—Steamer Sir Walter Raleigh, 3,450
___Feb. 24—Steamer Evelyn, 7,256...................................... 10,706
To Genoa—Feb. 19—Steamer Sir Walter Raleigh, 1,700....... 1,700
B runswick —To Brem en-Feb. 23—Steamer Reindeer, 4,100... 4,100
Charleston—'To Liverpool—Feb. 24—Steamer Valhalla, 1,477
upland and 309 Sea Island.................................................... 1,786
N ewport N ews —T o Antwerp—Feb. 23—Steamer St. Enoch,
205
2 0 5 .........................
B oston—To Liverpool—Feb. 15—Steamer Victorian. 8,364___
Feb. 1 6 -Steam er Pavonia, 1,903 upland and 210 Sea
Island___Feb. 18—Steamer Canada, 2,402___ Feb. 2 1 Steamer Kansas. 8 0 7 ..... ............... ......................................... 13,686
207
To Yarmouth—Feb. 19 —Steamer Prince Edward. 207 .......
B altimore —To Liverpool—Feb. 16—Steamer Sedgemore, 1,519
...Feb. 18—Steamer Rossmore,4,019 ................................. 5,538
To Bremen—Feb. 23—Steamer Roland, 2,495......................... 2,495
P hiladelphia —To Liverpool—Feb. 18—Steamer Rhynland, 564 564
S an F rancisco—To Japan—Feb. 22—Steamer Gaelic, 1,850___ 1,850
T acoma—To Japan—Feb.19—Steamer Columbia, 810................
810
Total...........................................................................
148,529
N o t e .— In last week’s exports from Galveston steamer to Rotterdam
should have been Glenvech, not Glenloig. Ludgate from Mobile took
4,002 bales to Bremen, the remaining 3,800 bales having gone to Japan
per steamer Indrani. Steamer from Savannah to Genoa and Trieste
should have been Istok, not ilia.
The particulars of the foregoing shipments, arranged in
u>ur usual form, are as follows.
Great French Ger- ,—Oth.K9ro p es Mexico,
Brit'n. ports. many. North. South.
die. Japan. Total.
300 1,788
New York. 4,713 1,972 2.926
11,699
3,774
100 4,267
N. Orleans. 33,349
41,490
Galveston. 11,474 5,044 20,044 1,102
37,664
Tex.O.,&c
317
317
Mobile....... 3,636
3,636
........
........
4,210
Savannah.. 5,866
12,406
22,4S2
........ 4,100 ____
Brunswick
4,100
Charleston 1,786 ........ ........
. . . . . . ........
1,788
"2Ö5
N’p’t News
205
........
B oston ___ 13,¿86 ........
207
13,893
2,495
Baltimore. 5,538
8,033
........ . . . . . . . . . . . . ... . .
564 .........
Fhiladelp’ a
564
........
San Fran..
1,850
1,850
Tacom a. . .
. . . . . . ........ . . . . . . ........
810
810
T o ta l.... 80,612 7,016 3 7,549 1,707 18,461
524 2,660 148,529
To Japan since September 1 shipments have been 77,182
bales from Pacific Coast, 7,100 bales from Pensacola, 3,8i)0
bales from Mobile and 15,211 bales from New York.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
M . P i n i l l o s , steamer (Span.) Six thousand bales *of cotton
stored in the warehouse at Genoa, took fire Feb. 19, by sponta
neous combustion. The burned cotton comprised 4.500 bales
from New Orleans, by the Spanish steamer Miguel M. Pinillos,
and 1,000 bales from Savannah by the British steamer Bucking
ham, which arrived Jan. 16. Between 1,500 and 2,000 bales
were destroyed and the remainder more or less damaged.
ig u e l
Cotton freights at New Y ork the past week have been
as follows.
Satur.
Tues.
Mon.
Wednes. Thurs.
Fri.
26)
26t
Liverpool, asked, d.
26t
26)
26t
30®321 30®32) 30®321
30®32t 30»321
Havre................
321
321
32t
321
32t
Bremen............. d.
301
301
30)
301
30t
Ham burg......... .d.
30t
30t
Amsterdam....... ,c.
301
>
30.
30t
46)
461
461
46t
461
Reval, v. Hamb .d.
1897.
40t
401
Do v. Hull.. d.
401
401
40t
O
m
30t
84* lbs. Shirt OotPii Rotterdam ....... d,
30)
30)
30t
Oott’n
30t
32«
Oop.
ings, common Mid. G enoa............... .d.
Mid.
401
40)
40)
401
40t
TJplds Twist.
to finest.
TTpldi Trieste............... d,
1S64
1S64
1»6*
1364
1S04
Antwerp............ d
1«
d.
d.
d. s. d. s. d.
18
1«
!8
18
d.
33ia 63b ®7*4 4 1 ®6 7
4Lj
Ghent,v.Antw’p.d.
5j*2
53'»
BS2
532
639
33I32
3T32 6 H ®7i8 4 1 ®6 7
t Cents net per 100 lbs.
33l8a
3732 6*4 ®7*8 4 1 ®6 7
4 0i2®6 6
L iverpool .—By cable from Liverpool we have the follow
3II32 6*8 ®7
32732
3D 32 6i8 ®7
4 0 ®6 5!a 37S
ing state n a e n to fth e w e e k ’s sales, stocks, &o., at that port.
37i« 63,ß ®7l8 4 0 ia »6 6
4
Shipping News .—As shown on a previous page, the
exports of cotton from the United States the past week have
reached 148,529 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
M
433
THE CHRONICLE
F ebruary 26, Ibi 8.]
Feb. 4.
Feb. 11.
Feb. 18.
Feb. 25.
65.000
81,000
56.000
Sales of the week.......... bales.
60,000
Of which exporters to o k ...
2,600
3,500
5,600
500
Of which speculators took.
2,100
1,000
1,400
1,000
60.000
71.000
52.000
Sa es Am erioan.......................
56.000
10,000
5,000
-7,000
Aotua export..........................
4,000
75,000
80.000
73.000
Forwarded...................... .........
69.000
Total stock—Estimated.......... 1,050,000 1.140.000 1,168,000 1.179.000
Of which American—Estm’d 928.000 1.015.000 1,043,000 1.051.000
Total Import o f the w eek....... 121.000 175.000 109.000
83.000
113.000 156.000
Of which Amerioan.............
96.000
72.000
299.000 258.000 246.000 242.000
Amount atloat........ .
297.000 256.000 244.000 240.000
Of which American.............
The tone o f the Liverpool market for spots and futures
each day o f the week ending Feb. 23 and the daily closing
prices of spot cotton, have been as follows.
Spot.
Sat'day. Monday. Tuesday. Wed'day. Thursd’y Friday.
Good
business
doing.
Market, ) Quiet but In buyers’ Firm er.
favor.
1:45 p . m . c steady.
Mid. Upl’ds.
3U32
Spec. & e x p .
7,000
500
Futures.
Market, )
1:45 P. M. (
Quiet.
Market, ? Barely
4. P. M. \ §teady.
31132
10,000
500
3U32
10,000
500
Quiet at
partially
1-64 dec.
Steady.
Quiet and
steady.
Steady.
Fair
business
doing.
3h«
31832
12,000
1,000
10,000
1,000
Firm.
3716
10,000
500
Steady at Steady at Steady at
partially
1-64 de
partially
1-64 adv.
cline. ' 1-64 dec.
Barely
steady.
Quiet but
steady.
Easy.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis o f Uplands, Low M iddling
clause, unless otherwise stated.
Feb. 19 to
Feb. 25.
February...
Feb.-Moh__
Moh.-April..
April-May...
May-June...
June-July...
July-A u g...
Aug.-Sept...
Sept.-Oot....
Oct.-Nov___
Nov-.Deo .. .
Deo.-Jan___
S a t.
M on.
T u es.
W ed.
T h ars.
F r i.
12^2
1
1:45
4
1:45
4
1:45
4
1:45
4
1:45
d.
3 18
3 18
3 18
3 19
3 19
3 19
3 20
3 20
3 20
3 20
3 21
d.
3 18
3 19
3 19
3 19
3 19
3 20
3 20
3 20
3 20
3 21
3 21
d.
3 18
3 18
3 18
3 18
3 18
3 19
19
3 19
3 20
3 20
3 20
d.
3 17
3 17
3 17
3 18
3 18
3 19
3 19
3 19
3 19
3 20
3 20
d.
3 19
3 19
3 19
3 19
3 19
3 20
3 21
3 20
3 20
3 21
3 21
d.
3 21
3 21
3 21
3 21
3 21
3 22
3 22
3 22
3 23
3 23
3 23
d.
3 22
3 22
3 22
3 22
3 22
3 23
3 23
i 23
3 23
3 24
3 24
d.
3 22
3 22
3 22
321
3 22
3 23
3 23
3 23
3 23
3 23
3 23
d
3 23
3 23
3 23
3 23
3 23
3 24
3 24
3 24
3 24
3 24
3 24
d.
3 22
3 22
3 22
3 22
3 22
3 23
3 23
3 23
3 23
3 23
3 23
3 24
3 24
3 24
3 24
3 24
3 24
3 24
3 24
3 24
3 24
3 24
4
P.M. P. M. P.M. P. M. P. M. P.M. P. M. P. M. P.M. P.M. P. M. P.M
....
rf.
d.
3 23
3 23
3 23
3 23
3 23
3 23
3 23
3 23
3 23
3 23
3 23
-
BREADSTUFFS.
Friday , February 25. 1898.
Early in the week, reflecting an advance in the prices for
the grain, there was a firmer market for wheat flour, mills
advancing their limits. Only a limited volume of business,
however, was transacted, as buyers were slow to pay the
advances asked. Subsequently the market for the grain
turned easier, but sellers of flour did not weaken in their
ideas of values, with the result that business was checked
materially, buyers limiting their purchases to such supplies
as were needed to meet immediate requirements. Rye flour
has been quiet bat steady. Buckwheat flour has had ooly a
small jobbing sale, but values have been maintained. C om
meal has had a moderate sale at steady prices.
There has been a fairly active speculation in the market
for wheat futures. During the first half of the week the ten
dency of prices, particularly for this crop deliveries, was
towards a higher basis. There was fairly active buying for
foreign account. Cable advices came stronger, and this
stimulated a demand from short3 to cover coatracts, on
which prices scored a fairly sharp advance. Thursday, how
ever, there was a reaction ia prices, the improvement early
in the week being more than lost under free selling by longs
to realize profits, prompted by
a
weaker
turn
to European advices.
The
depression in financial
circles aud the uneasiness over the political situation
were depressing features, as was also the fact that the visible
supply of wheat and the amount on passage to Europe is
much larger than when prices were considerably lower than
those now ruling. Favorable crop prospects were also sighted
as a factor against higher values. To-day the market was
firmer early in the day on buying by shorts to cover con-
434
THE CHRONICLE
[V ol, L X VI.
tracts. Toward the close, however, there was increased pres
sure to sell and prices declined, closing slightly lower for the
day. The export business for the week has been only mod
erately active. The export sales to-day here and at out ports
were 80,000 bushels, including No. 1 hard Manitoba at 110%
f. o. b. afloat.
taken altogether the week’s developments have not been of a
favorable character. Both overcoatings and cloakings have
been dull, but prices remain unchanged. Low-grade dress
goods for fall have sold well at opening prices and the de
mand for fancies is expanding. Flannels in fair demand and
blankets quiet at firm prices.
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
D om estic C o tto n G o o d s .— The exports o f cotton goods
Sat.
Mon. Tues.
Wed. Thurs. Fri. from this port for the week ending Feb. 21 were 7 89&
.0. 107% 108%
108
105% 105
102% 100%
,0. 102% 103%
99% packages, valued at $276,020, their destination being to the
,© c3
points specified ia the tables below :
July delivery . . .............c.e. 95
96
92
94%
92%
September delivery..,.e.
.0.
85%
85%
84%
82%
82%
There has been only a limited speculation in the market for
Indian corn futures. Immediately following our last report
there was a fairly sharp advance in prices, in sympathy with
a rise in wheat values and on a continued good export de
mand and stronger foreign advices. Subsequently, however,
there developed an easier tone and prices have gradually
weakened, more than losing the advance, under moderate
selling, prompted by a large increase in the visible supply
and a heavy movement o f the crop. To-day the market was
quiet and the close was slightly lower with wheat. Ex
porters have been active buyers.
Their purchases to-day
here and at outports were 300,000 bushels, including No. 2
m ixed at 36^c. f. o. b. afloat.
1898.
1897.
Week. Since Jan. 1.
Week. Since Jan. 1
Great Britain................
Other European....................
China................................
India.......................................
Arabia.....................................
A frica...............................
West Indies.........................
M exico.............................
Central America....................
South America.....................
Other Countries........ ...........
52
15
1 ,9 6 1
403
1 ,8 3 8
1 ,5 4 4
203
109
88
642
537
622
150
1 7 ,3 4 4
4 ,2 1 5
4 ,2 3 8
5 ,2 1 0
2 ,1 3 7
583
767
6 ,7 9 0
1 ,3 9 2
240
20
2 ,1 0 1
Total.................................
China, via Vancouver*___
7 ,3 9 2
4 3 ,4 4 8
100
5 ,5 1 7
3 9 ,9 9 4
7 ,9 5 0
Total............................. 7 ,3 9 2
4 3 ,5 4 8
From New England mill points direct.
5 ,5 1 7
4 7 ,9 4 4
New Y ork
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
_
May delivery................ o.
July delivery................e.
Sat.
36*8
37
Mon. Tues.
35% Holi36% day.
Wed. Thurs.
351% 34%
36*«
36
Fri.
34%
35%
to
F e b , 21.
603
591
1 7 ,6 9 5
574
4 ,1 2 1
1 ,7 6 1
2 ,8 3 2
414
1 ,1 1 8
9 ,5 5 3
732
1 ,5 6 4
580
207
1 39
1 73
236
257
-
The value of the New Y ork exports for the year to date
has been $1,562,015 in 1898 against $1,621,655 in 1897.
Neither the home nor foreign demand for heavy-weight
sheetings and drills has been o f a pressing character this week
and business, has been moderate. Prices are, however, firm.
In light-weight brown goods sellers have proved rather easier
to deal with. Brown osnaburgs and ducks also quieter.
The demand for bleached cottons has been steady and of fair
extent, at previous prices, which are firmly held for by sellers.
W ide sheetings are getting quite scarce and are occasionally
about ten per cent higher. Cotton flannels and blankets are
dull and unchanged. Coarse colored cottons have been in
moderate demand throughout, but the market has ruled
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
,,
. „
Sat.
Mon. Tues.
Wed. Thurs. Fri. steady. Kid-finished cambrics firm but quiet. Reorders for
May delivery................. c. 31
30% H’l’y.
30%
30%
30% fancy calicoes fair,¡and a steady business doing in more staple
Rye and barley have had only a limited sale, and during lines at previous prices. Wide and sheer specialties in good
supplementary demand. Ginghams are firm throughout and
the latter part of the week prices weakened slightly.
m very fair request. Regular print cloths have ruled iaactive
The follow ing are closing quotations:
but firm. Odd goods in moderate request and slightly easier»
PLOUR.
F in e.............................. $315®3 25
F o r e ig n D r y G o o d s . —The new lines o f dress goods for
Patent, w inter.......$5 00 ®5 25
Superfine...................... 335®3 45
City mills, extras.. 5 60 ®5 80
fall are more freely shown by importers, and in some quar
Extra, No. 2 ................ 360®3 80
Rye flour, superfine 2 75 ®3 15
ters fair orders have been taken. Silks are in fair demand
Extra, No. 1 ................ 340®4 10
Buckwheat flour... 1 2 5 ®1 35
Clears..................
4 20 ®4 50
also. Linens quiet. Ribbons and laces and hosiery and
Corn meal—
Straights...................... 4 45®5 25
Western, etc........ 215 ®2 20
underwear also quiet, but prices maintained.
Oats for future delivery have been quiet. Early in the
week there was an advance in prices, in sympathy with a
rise in wheat and corn values, and on moderate buying by
shorts to cover contracts ; then followed a gradual reaction
under increased offerings, largely by longs to realize
profits, prompted by a fairly full movement of the crop.
The export business has been fairly active and has
held the reaction in values in check to a limited extent. To
day the market was quiet but steady. The export business
for the week has been moderately large, although to-day ex
porters were out o f the market. No. 2 mixed in elevator was
quoted at 31^c. and No. 2 white in elevator at 32^c.
Patent,
Spring____
-1 —
X' o . . . . . 5
w25
— ® 6 05
U.dUUJ
W1UQ . . ...
£
Brandywine
2i 25
[Wheat flour in sacks sells at prices below those for barrels.]
GRAIN
g
g
§ .£ .* !§ I
fcOMMfcOM
mwcrcr©
COtO(OCRtO
C0©<|©<l
CR<|00Mp
M00CR©M
QOtO<1CR<3
© © MtO©
WtO<l©CR i
rf^©CRMtO
fcO<10005^ 6(0
''tu'Jh.'cOGDOO
COtOOl MM
<1CO0005tO i
p©M<|©
?!
O
D3
S'
CO
OiHMM
©©t0©<!
OCRCO00Oi
MOO<J<1CO
556,966
738,099
647,102
383,763
288,711
JOMpMjO
to'Vj’ioootfh
to CDGOM0-6»:
fcOOOtOtO©
05<!<KRM 1
tO0500fcOtO
05QD<1IOOO
MWtOCR
©©©00 to
tOM©*q**q
WM^MM
<J05O00>05
C0MC5MK)
MCO<|CO0©
CO►OCR
05tO COCOM
cr>COQO»OCR
© M*0© 05
ptOM^.©
V©£*©tO
M tO© tO
-1 ©©©QO
CRM©00 00
05© M© ©
tO©00 ©00
----------------- 1
1,722,812
1,090,335
656,647
524,564
222,676
213,158
147,225
97,059
71,727
40,749
20,591,44
©CRM© tO
W©©MM
oooom'iom
1,528
2,774
1,179
3,653
20,636
274,004
17,380
4,217,034
256,624 16,374,410
!21,997
CO05 M S»COOf
<JCO ©©tOtOM
COpSDOiCR
1^© ©©«>©©
tfKJ©©IO
CRtU»*31CRCO
29,770
2,614,641 2,070 569.918
105,304 16,056,831 19,927 1,979,379
MJOMWp
Gobi
©bib*
©tO<lQD<J
00© CRCO00
to
Manufactures of—
W ool .....................
Cotton ..................
Silk ........................
Flax ......................
Miscellaneous ........
Total marketed... 21,476
M
tO CR00<1
^ CROOQOtO
©©M©tO
oom co to
to Mto © to
to
bt
M
©
to
©
<1
M
QO
©
Total withdrawals 2,356 348,714
Ent’ d for consump. 19,120 2,475,502
.
M
©
CR
©
MCOMCOCR
©©MtOQO
CO10CR© M
CO
MpMCOW
©©tOMtO
CRtO©©<!
to CR© M©
1,035,823
842,923
783,325
593,508
413,687
©
197,556
78,991
65,127
73,650
49,539
12,401,405!
to
<1
00
to
to
M
os
14,570
256,624
M
©
<1
to
©
©
©
<1
to
M
£
<1
OD
CRCRMCOCR
©QOMCROD
<JCROO©<1
44,698
3.669,266 1,520 422,026
105,304 16,056,831 19,927 1,979,379
to
©
03
CO
©
to
©
©
CO
©
CR
1 150,002
N e w Y o r k , F r i d a y , P. M., Feb. 25, 1898.
The observance o f the holiday on Tuesday made a break in
the week’s business at first hands, which affected total results
and prevented the aggregate sales reaching quite as large a
total as last week. Tht market has in fact ruled quieter all
around, so far as spot business is concerned. It is, however,
generally expected that buying will be indulged in on a
more liberal scale shortly, as local jobbers are more active
than at any time since the opening o f the spring season, and
reports show that jobbing business is good in other
distributing
centres,
and
a
good
supplementary
call for seasonable supplies ought to be the result
o f this.
In the absence o f any new feature
of
importance, the
cotton goods market has held its
own so far as prices go. Agents are well situated as regards
stocks of most descriptions of staple and fancy goods, and do
not dfeem it necessary to press sales, whilst the quieter de
mand has prevented any development o f recent firmer tend
ency, except in the matter of wide sheetings, the production
o f which is peculiarly affected by the prevailing strikes. The
market for raw cotton has again cut but little figure, and up
to the present time the “ war scare” has not made itself felt
as a market influence. Business in the woolen goods division
has again been quiet, and the situation has been slightly dis
turbed by the failure o f Sawyer, Manning & Co. and the
mills at Winooski, V t., for which they were agents.
W o o l e n G o o d s . —There has been only a quiet busicess re
ported in heavy-weight woolens and worsteds for men’s
wear, and the general situation hardly bears as promising an
appearance as it did several weeks ago. Some agents, hav
ing failed to sell up to expectations, are easier to deal with,
and this encourages buyers to seek concessions in other quar
ters. The heavy failures referred to above have also been a
disturbing element. The chief feature in spring business
has again been the cancellations coming forward, so that
1Manufactures of— 1
{ W ool .....................
Cotton......... .......
! Silk........................
1 Flax.......................
Miscellaneous ........
TH E DRY GOODS TRADE.
Total ..................... 10,216 464,863
Ent’d for consump. 19,120 2,475,502
• " F o r o t h e r t a b l e s u s u a l l y g iv e n h e r e s e e p a c e 4 1 0 .
The importations and warehouse withdrawals o f dry goods
at this port for the week ending Feb. 24, 1898, and since
January 1, 1898, and for the corresponding periods o f last
ttco■
»»n«o oa •
pAllr.nrci •
1 Total imports .......
Wheat.™
c.
c.
Com, per bush—
o.
o.
HardDuluth. No. 1.110 ® 110%
Western mixed............34%®38%
Red Winter, No. 2.. 105 ®
| 106%
No. 2 m ixed................ 34%®38%
Hard Man., No. 1..109 ® 110%
Western Yellow .......... 35%®37%
Northern, No. 2 ...1 06 ® 107%
Western White............35%®37%
Oats—Mix’d, per bsh. 31 ® 33
R yeW h ite..................... 32 ® 37
Western, per bush___58 ®59
No. 2 m ix e d ....
3 1 % ® 32%
State and Jersey........54 ®58
No. 2 w h ite .....
32%® 33% Bariev—W estern..........45 ®54
F eed in g.......................39%®40%
I m p o r t a t io n « 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 *
COCRto 050
tOJOCO WCO
nIHQoV nI
M-3©00©68
bi©wbi©
©COM ©©
CR W M W CR
.O'8
to*'
si
«3
oo
THE CHRONICLE.
F ebruary 26, 1898.]
■
""■MM"' 1 ■ ........ ■
S tate
and
C ity D
April 1,1898, all warrants issued prior to January 1, 1894 .
e ? a n t m e n t . Payment will be made at the office o f the City Treasurer.
T E R M S OF S U B S C R I P T I O N .
The I nvestors’ Supplement w ill be furnished without
extra charge to every annual subscriber o f the Commercial
and F inancial Chronicle .
The State and City Supplement w ill also be furnished
without extra charge to every subscriber o f the Chronicle .
The Street R a il w a y Supplement w ill likewise be fu r
nished without extra charge to every subscriber of the
Chronicle .
The Quotation Supplement, issued monthly, w ill also be
urnished without extra charge to every subscriber o f the
Chronicle .
TERMS for the Chronicle with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
'
Terms o f A dvertising—(P e r in ch space.)
Transient matter (1 tim e).. $3 50 I Three Months (13 tim es). .$25 00
s t a n d in g b u s in e s s c a r d s .
Six months
(26 tim es).. 43 00
T v o months (8 times).......... 18 00 1Twelve Months (52 tim es)._ 58 00
New York State.—Biennial Sessions o f the State Legisla
ture.—The State Senate has passed a bill providing for bi
ennial sessions of the State Legislature.
P erry County, 111.—Bonds Valid.—A special dispatch to
the Chicago “ Inter-Ocean” from Springfield, bearing'date of
February 21, 1898, said: “ In the United States Circuit Court
to-day Judge Allen held valid about $60,000 in bonds and
coupons issued by the County of Perry in aid of the Chester
& Tamaroa Railroad.”
P hiladelphia, P a.—Gas Lease Sustained.—On February
21,1898, the State Supreme Court confirmed the decision of
the Lower Court, which declared legal the lease of the city
gas-works to the United Gas Improvement Co. Local papers
state that it is rumored that the case will be appealed to
the United States Supreme CourtTacoma, Wash.— Warrants Valid.—The State Supreme
Court has reversed the finding of the lower court in a decision
which affects over $1,000,000 of Tacoma City warrants. The
previous decision held that the warrants had been canceled,
and therefore could not be paid, and as the Union Savings
Bank held $250,000 of the warrants, it was compelled to sus
pend. The decision of the Supreme Court will compel the
payment of the warrants, considerable amounts of which,
it is stated, are held in Philadelphia, New Y ork and other
Eastern cities.
Texas.—Bonds to he Made Payable in Lawful Money o f the
United States.—A special dispatch to the St. Louis “ GlobeDem ocrat” from San Antonio, Texas, dated February 20,
1898, said: “ Attorney-General Crane has informed the
County Commissioners of Bexar County that hereafter all
bonds, in order to be approved by him, must read, ‘ payable
in the lawful money of the United State?,’ instead o f ‘payable
in gold.’ The question as to the nature of the mon-;y in which
bonds, issued by counties and cities in this State, are to be
paid was brought to the attention of the Attorney- General by
the action of the city of Beaumont a short time ago. The
City Council of that place passed an ordinance providing for
the issuing of bonds, making them payable in gold. The
Mayor vetoed the ordinance because of the gold-payment
feature. The Council then passed the ordinance over the
Mayor’s veto, and the free silver contingent in the town
burned the City Council in effigy.
“ When the bonds reached the Attorney-General for ap
proval that official made the ruling that they must read
‘ payable in lawful money of the United States.’ Immedi
ately thereafter the matter of Bexar County’s proposed issue
of $240,000 railway subsidy refunding bonds was brought to
the notice of the Attorney-General, and he announced his
ruling that the bonds must not read ‘ payable in gold,’ but
‘ payable in lawful money of the United States.’ ”
W ashington.—Mortgage Law Unconstitutional.—On Feb
ruary 15, 1898, the State Supreme Court declared unconsti
tutional the mortgage law of this State. The law was a pop
ulistic one and was passed by the late fusion Legislature. It
granted one year’s stay o f execution and sale under foreclos
ure of mortgages and allowed a minimum or appraised value
to be placed on mortgaged property, and provided that the
property could not be sold under foreclosure at less than 80
per cent of such valuation. The law was considered antago
nistic to money lenders and had the effect of checking the in
flow o f capital into the State.
Bond Calls and Redemptions.
Augusta, Ga.—Bond Call.—Notice has been given by P. S.
North, City Collector and Treasurer, calling for payment
March 1,1898, $101,500 1% bonds issued in 1873. Holders of
the old bonds may exchange them for a like amount o f 8 $ 0
30-year refunding bonds, to be dated March 1, 1898.
B ollin g er County (M o.) School D istrict No. 4.—Bond
Call.—The district called for payment February 11, 1898,
bond No. 6 issued in July, 1891. Interest 8%.
Cedar Rapids, Iow a.— W arrant Call.—Notice has been
given by P. W , Gifford, City Auditor, calling for payment
435
The official notice o f this warrant call will be found among
the advertisements elsewhere in this Department.
Clark County, Wash.— W arrant Call.—County Treasurer
Alexander called for payment February 10, 1898, on which
date interest ceased, about $8,000 warrants of the various
school districts of this county.
Columbus, Ohio.—Bond Call.—The Sinking Fund Com
missioners have decided to call for payment March 15, 1898,
$159,300 8% and $7,900 5% street-improvement bonds.
Crosby County, Texas.—Bonds Redeemed.—The county
redeemed $1,000 of its bonds on February 19,1898. These
bonds were held by the State Permanent School Fund.
E llis County, T exas.—Bond Redemption.—The county
officials have ordered the cancellation o f $4,000 road and
bridge bonds and $4,000 jail bonds of this county.
Erath County, Texas.—Bonds Redeemed.—On February
19, 1898, the county redeemed $3,000 bonds held by the Per
manent School Fund.
Guadalupe County, Texas.—Bonds Redeemed.—On Febru
ary 21, 1898, the county redeemed $5,000 court-house bonds,
which were held in the State Permanent School Fund.
H untsville, Mo.—Bond Call.—Bonds Nos. 26, 27 and 28,
bearing 8% interest and dated May, 1889, were called for pay
ment February 10, 1898. Denominations $300.
L incoln County, Mo.— Bond Call.—The county has called
for payment February 1, 1898, 5% bonds Nos. 42 to 51, each
$1,000. Bonds bear date of May, 1888.
Menard County, Texas.—Bonds Redeemed.—The county
has redeemed $2,000 funding bonds held by the Permanent
School Fund.
M issouri.—Bond Call.—The State Board o f Funding Com
missioners has called for payment March 15, 1898, at the
American Exchange National Bank, New York City, three
hundred $1,000 bonds.
P ierce County, Wash.— Warrant Call.—General Fund
warrants Nos. 2,022 to 8,628, aggregating $20,000, w ill shortly
be called for payment at the Treasurer’s office.
P ierce County (W ash.) School D istrict.—It is stated that
$20,000 school district warrants, issued in 1895 and numbered
1,302 to 1,573, w ill shortly be called for payment at the
County Treasurer’s office.
P ike County (M o.), Cuivre Township.—Bond Call.—Bonds
Nos. 39 to 54, bearing 5% interest and dated October 1,
1887, have been called for payment February 1, 1898. De
nominations $1,600.
P ike County (M o.), Peno Township.—Bond Call.—Town
ship bonds Nos. 20 to 22, bearing 5% interest, and dated N o
vember 1,1887, have been called for payment February 1,
1898. Denominations $1,000.
P ittston, Pa.— Bond Call.—The borough has called for
payment March 1, 1898, $2,200 5% borough bonds.
Ray County, Mo.—Bond Call.—The county has called for
payment April 4,1898, $17,900 railroad-aid bonds. It is stated
that upon the payment of these bonds the county will be free
from debt.
W apello County, Iow a.— Warrants Redeemed.—During
the month of January County Treasurer Spry redeemed $31,207 outstanding warrants, o f which about $24,000 were bridge
warrants.
W heeling, W. Ya.—Bond Call.—The Commissioners of the
loan of 1877, known as the 10-30-year loan, have called, for
payment March 1, 1898, at the Exchange Bank o f Wheeling,
bonds Nos. 2, 5, 10, 13, 24, 42, 57, 58, 79, 115, 122, 123, 144,
155, 157, 165, 182, 180, 185, 190, 193 and 207. Interest will
cease on March 1,1898.
Bond Proposals and Negotiations
this
week have been as follows:
Ada County School D istrict No. 6, Boise City, Idaho.—
Bond Sale.—On February 19, 1898, the $4,(>00 8% bonds were
awarded to Mrs. Eliza M. Smith, Boise, at 102'55 and blank
bonds. Following are the bids :
Mrs. Eliza Al. Smith, Boise .........14.102 I Chas. E. Neal, B oise..................... $4,052
S. A. Kean.Chicago....................... 4,100 Geo. A . Ballard, Marshall
4,000
N. C. Barsell & Co., Spokane........ 4,055 |Michael Rilev, Placerville($2.000) par»
Bonds mature $500 on February 1, 1901, 19ti4, 1906 and
1908, and $1,000 on February _ 1, 1909 and 1910. For further
description of bonds see C h r o n ic l e February 12,1898, p. 351.
Allegheny (P a .) T hird W ard School D istrict—Bond Sale.
—According to local press reports, the district recently sold
the $170,000 bonds authorized last fall to R. J. Stoney, Jr.,
Pittsburg, at 101'87.
Augusta, Ga— Bond Sale.—The city has sold an additional
$28,000 of its 3%% refunding bonds at par.
Bay St. Louis, Miss.—Bond News.—W e are advised that
the details of the $40,000 bonds recently authorized by the
State Assembly, for water-works, electric-lights, &c., w ill
not be definitely determined upon until early in March.
B ell County (P . 0 . B ellton), Texas —Refunding Bond*
Proposed.—W e are advised by W . L. Wilson-, County Treas
urer, that $65,000 6% bonds mature October 10, 1898. Mr.
Wilson says: “ Refunding bonds will be issued, but no posi
tive action has been taken in the matter by the Commis
sioners’ Court. One or two propositions, however, w ill be
considered at the present term of Court, which w ill be in
session some two wteks yet.”
B otetourt County (P . 0 . Fincastle), Ya.—B o n d Offering»
—Proposals will be received until 12 m . March 10, 1898, b y
436
THE CHRONICLE.
the Board of Supervisors, for $8,000 bridge bonds. Securities
bear date of March 1, 1898, and mature March 1, 1908. In
terest w ill be at not more than 5$, payable yearly on March
1, at the office of [the County Treasurer. Bids are asked on a
basis o f 5% interest, or at such lower rate of interest as bidders
may be willing to take and give par for the bonds.
Bonds Authorized by the House o f Delegates—The House
o f Delegates has passed a bill authorizing the Board of
Supervisors to refund the outstanding bonds of this county.
Bozeman, Mont.—Bond Sale Postponed.—W e are advised
that the city has postponed the sale o f the $56,000 6% water
bonds until probably some time in April. Bids were to have
been received up to February 15, 1898, as per notice in the
C h r o n ic l e January 22,1898.
Brazos County. Texas—Bonds Authorized.—The County
Commissioners’ Court has made arrangements to refund
$30,000 6# bonds with a like amount o f 5 per cents.
Buffalo, N. Y.— Temporary Loan.—The Sinking Fund Com
missioners have taken a $35,000 3% bond maturing July 1,
1898.
B utler, Ohio—Bond Election.—The Village Council has
passed an ordinance providing for an election to vote on the
question of issuing $ 10,000 electric-light plant bonds.
Calumet Township, P ike County, Mo.—Bond Sale.—The
township has sold to Gaylord, Blessing & Co., St. Louis,
$80,000 refunding bonds.
Canton, Ohio.—Bond Offering.—Further details are at
* concerning the sale of the $13,933 22 refunding bonds,
bids for which w ill be received until 12 m . March 7, 1898, by
Louis N. Ley, City Clerk. Bonds are issued pursuant with
Section 2701 o f the Revised Statutes of Ohio. Thirteen
bonds will be in denominations of $1,000 and one of $933 22.
They w ill be dated March 1,1898, and mature March 1, 1908.
Interest w ill be at not more than 5%, payable March and September, at the Fifth Avenue Bank, Hew York City, or at the
U Y .P lerk’* office. ®ach bidder must deposit with his bidja
certificate from the First National Bank, Canton, showing
kas deposited $1,500 as a guaranty that should his
md be accepted and the bonds awarded him he w ill take
them up within eight days after notice o f the award.
.C h a rle sto n , S. C.—Bond Sale.—On February 19, 1898, the
$100,000 4$0, refunding bonds were awarded to C. H. W hite
& Co., New York, at 104-114, Following are the bids :
For the Entire Issue.
For the Entire Issue.
O. H . W hite & Co.. New Y ork....104-114 H. H . Rollins & Sons, Boston...102"396
The Lampreeht Bros. Co.,C]eve.l0Y020 Sperry, Jones & Co.. Baltimore. 102-885
E. M. Moreland.
Charleston.......103-050
—C ¿1 i.. “v-“-■•:
l W.
” •*H1 .. Patterson
iraLuorsuri & Co..
<jo.. Allanta,
Atlanta.iOi-257
iOí 550
Süt,
. yb9.lt§ Cincinnati.102-750 IGermania Sav.Bank.Charlest’n. 102-06
™ wA t™sÍLqA P£ or- yeve.. 102-560 CarolinaSav. BaukvCharleston.101-630
Edw. C. Jones Co., NewYork... 102-5511 S. A. Kean, Chicago...:.......... IQI’ 125
For P a rt o f the Bonds.
Hibernia Savings Bank, Charleston.................................5%,000
rT S S
Charleston.................... ........... . ....... 3,000
tv B.Dowie, Coarleston............................................... 4 000
Jno.W. Dickey, Ajigusta .................... ...........
"so’ooo
5- M-Marshaif&tíro.. Charleston.. ............................... 1’ 50’.000
105 ’ ^°
105-50°
101-50
100-562
100-562
Bonds mature 30 years from date of issue. For further de
scription of bonds see Chronicle January 29.1898, p. 250.
Cheboygan County, Mich.-Bond E lection— The county
wnl vote on the question of issuing $30,000 new court-house
bonds at the coming spring election.
d a rk County, Ky.—Bond Sale.—Rudolph Kleybolte &
-Co,, Cincinnati, were recently awarded $7,000 4# twenty-year
refunding bonds.
Clifton Heights, Pa.—Bonds Defeated —At the spring
election held February 15, 1898, the borough voted against
the issuance of $17,500 town hall bonds.
Collinwood Tillage, Ohio—Bond Offering.—Proposals will
be received until 12 M. March 21, 1898. by L. A. Wilson
Village Clerk, care of Jay Odell & Sons, Wick Block, Cleve
land, Ohio, for $18,000 5% grade-crossing bonds. Securities
are issued pursuant with an Act of the State Legislature
passed April 27, 1893, and authorized by Council November
14,1897. They are in denominations of $1,000, with interest
payable April 1 and October 1 at the Cleveland Trust Co.,
Cleveland. Principal will mature $1,000 yearly, beginning
12 years from date of issue. A certified check on some bank
m Cleveland for $500 must accompany bids.
•Columbus, Miss. —Bond Election.—An election will be held
March 23, 1898, to vote on the question of issuing $70,000
water-works and sewerage bonds.
Columbus (Neb.) School District.—Bond Election.—An
election will be held in March to vote on the question of
issuing not more than $25.000 bonds for a new school house.
Columbus, Ohio.—Bonds Proposed.—An ordinance was in
troduced in the City Council February 21, 1898, authorizing
the issuance of $160,000 4# bonds to refund the $165,000 5%
“ Boston Loan” maturing March 18, 1898. The new bonds,
if authorized, will be dated April 1, 1898, and mature April
1, 1900. Interest will be payable April and October.
Columbus, (Ohio), School District.—Bond Sale.—On Feb
ruary 23, 1898. the $33,000 4% twenty-year school bonds were
awarded to Hinman & Beatty, Columbus, at 104-003. Six
teen bids were received for the bonds. For description of
bonds see C hronicle February 5,1898, p. 301.
Concordia, Mo.—Bond News.—W e are advised that the
amount of the water-works bonds recently voted is $5,000, and
that the interest will probably be 3%, payable in gold. Full
details have not yet been determined upon.
Covington, Ky.—Loan Authorized.—On February 17, 1898,
the Council authorized the city officials to negotiate a loan of
$3,500.
[T
öl.
l x v i.
Cripple Creek, Col.—Bond Election.—An election will be
held to vote on the proposition to issue $150,000 bonds for the
purchase of a water-works system.
Easton, Pa .—Bond Offering.—Proposals will be received
until 4 p. m . March 3, 1898, by John S. Noble, City Clerk, for
$120,200 3%% bonds. Securities are in denominations o f $100,
$500 and $1,000, dated April 1,1898. Interest w ill be payable
April 1 and October 1, and the principal will mature April 1 ,
1928. Of the total issue, $101,300 will be applied towards the*
refunding o f outstanding 4# bonds and $18,900 for city im
provements. A ll bids must be accompanied by a New York
draft or certified check for $250, payable to the City Treasurer.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
E llijay, Ga.—Bonds Voted.—The town has voted $5 000
bonds for a new school building. The vote was 73 to 2.
E l Paso County, Texas.—Bond Sale.—On February 21
1898, the State purchased for the School Fund $10,000 county
jail bonds.
J
Bonds Approved.—The Attorney-General has approved for
registration $78,000 refunding court house and jail bonds of
this county.
E lsinore, Cal.—Bond Sale.—On January 10, 1898, the city
sold $15,000 6# water bonds to J. M. Gardiner, Los Angeles
at 101-50 and $5,0D0 o f the same issue to H. K. W hite of
Elsinore, at par. Bonds are in denominations o f $500, dated
July 1, 1897, and mature one bond yearly on July 1, from
1898 to 1937, inclusive. Interest w ill be payable January 1
and July 1, in gold, at the City Treasurer’s office.
Essex County, N. 3.— Park Bill Signed by the Governor.—
The Governor has approved the bill recently passed by the
State Legislature authorizing the county to issue $1,500 000
bonds to complete its system o f parks.
Evanston, 111.—Bonds Authorized.—The Council has
passed an ordinance providing for the issuance of $30.000
City Hall bonds. Securities are in de nominations o f $1,000,
dated April 1,1898. Interest w ill be payable at the State
Bank of Chicago or at the First National Bank, New Y ork
City. Principal will mature $3,000 every other year, begin
ning April 1 . 1900, and ending A p ril 1. 1918.
Evanston (T illa g e ), Ohio.—Bond Offering.—Proposals will
be received until 12 m ., March 21, 1898, by Wm. H Krapp
Clerk, care of Chas. J. Fitzgerald, 305 Johnston Building’
Cincinnati, for $6,323 13 6%refunding, bonds. Securities are
issued pursuant with Section 2701 Revised Statutes o f Ohio.
They will be dated February 21,1898, and mature February
21, 1908. Both principal and interest are payable at the Atlas
National Bank, Cincinnati. A certified check for 5% o f the
gross amount o f bonds, payable to W m . Gale, Treasurer,
must accompany bids.
Exeter, N. H.—Bond Election.— At the annual meeting of
the town to be held March 8, 1898, the question o f iaarrimr
$25,000 electric-light plant bonds will be voted upon.
F a ll River, Mass.—Bond Sole.—On February 19, 1898, the
city awarded Adams & Co. $205,000 4# bonds at 107-092. Fol
lowing are the bids:
Adams & Co., B o s to n .................107-092 |Blodget. M erritt & Co.. Boston.106-52
Blake Bros. & Co., B oston ......... 107-077 Mason. Lewis & Co.. B oston ...106-399
VermUye & Co., New Y ork ........ 107-069 Lonestreet, Stedman & Co..Bos.l06-377
Da^ A 9 .° - I ? 8*011........... 106-917 N. W . Harris & Co., New Y ork .. 106-34
Estabrook & Co., B o sto n .. . . . . 106-637 I E. H, R ollins & Sons, B o sto n ...106-27
Farson, Leach & Co.. New York.106'625 j
Bonds are in denominations o f $1,000, dated February 1 ,
1898. Interest will be payable February 1 and August 1, and
the principal matures February 1 , 1908.
Fayette, Pa.— Bonds Defeated.—A t the spring election held
February 15, 1898, the question of issuing $12,000 water
works bonds was defeated by one vote.
Fergus County School D istrict No. 1, Lewiston, M ont.—
—Bond Offering.—Proposals w ill be received until 7 p .m .
March 19,1898, by the Board of Trustees for $23,000 3% re
funding bonds. Securities are in denominations of $500,
dated April 2, 1898. Interest will be payable semi-annually
at the office of the County Treasurer, and the principal will
mature April 2, 1918. An unconditional certified check, cer
tified by the Bank o f Fergus County, for $1,000, payable to
the “ Chairman o f the Board of Trustees of School District
No. 1, Fergus County, Mont.,” must accompany bids.
Fresno, Cal.—Bond Election.—On February 14,1898, the
City Trustees decided to call an election to vote on the ques
tion of issuing bonds for the improvement of a public park.
Gadsden, Ala.—Bonds Authorized.—The City Council re
cently passed an ordinance instructing Mayor Elliott to sell
$5,000 bonds for the payment o f outstanding warrants.
Geneva, N. Y.— Bonds Authorized.—The State Legislature
has passed a bill authorizing the city of Geneva to issue
bonds to complete its sewer system.
Gladeville (T ow n ) Wise County, Ta. —Bonds Authorized.
—The State Legislature has passed a bill authorizing the
Town Council to issue bonds in aid o f the construction and
equipment o f the main line o f the Gladeville Railroad.
Gladwin (T ow nship) Mich .- B o n d S a le.- The $3,000 6%
bonds have been awarded to M. Butman, Saginaw. Bonds
mature 10 years from date of issue subject to call after 6
years. For further description o f bonds see Chronicle Jan
uary 29, 1898, p. 251.
Green Bay, W is.—Bonds Authorized.—The Council hag
authorized the issuance o f $19,000 bonds for the repair and
rebuilding o f bridges.
F e b r u a r y 26, 1898.]
THE CHRONICLE
Harmon and M arion Townships Drainage D istrict No. 1 ,
Jj®®
H I.—Bond Sale.—The district has sold to John
Mee, Sterling, $15,000 drainage bonds at 104*50.
H arrison County, T ex.—Bonds Redeemed—On February
18, 1898, the county redeemed $15,000 railroad-aid bonds held
by the State School Fund.
H arrisonburg, Ya.—Bond Issue.—This city w ill issue,
about the first of May, $50,000 5% 20-30 year (optional) water
bonds.
Homestead, Pa.—Bond Sale.—W e are advised that the
borough has sold the $25,000 judgment bonds authorized at
the spring election held February 15, 1898.
. Houston, Texas. Bond Sale.—On February 16, 1898, the
city sold to Rudolph Kleybolte & Co., Cincinnati, $60,000 5%
refunding bonds at 103'125. Bonds are issued to refund a
like amount of 6% bonds maturing January 1, 1922, but which
are now subject to call.
Janesville, W is.—Bonds Proposed.—The city has under
consideration the issuance of bonds for a city hall.
Johnstown, (P a .) School D istrict.—Bond Offering.—Pro
posals will be received until 12 m . March 8, 1898, by W . A.
Cochran, Secretary Board of School Controllers, for $100,000
bonds. Securities will be in denominations o f $1,000, dated
April 1, 1898. Interest will be payable April 1 and October
1 at the office of the City Treasurer. Principal will mature
30 years from date of issue, subject to call after 3 years.
Bids w ill be considered on a basis of 3%% and 4,%interest.
J efferson County, Texas.—Bonds Authorized.—The Coun
ty Commissioners have authorized the issurnce of $11,000 40year bridge bonds.
Lacey (111.) Levee and Drainage D istrict.—Bond Sale.—
Trowbridge & Co., Chicago, have bought an issue o f $46,000
bonds of this district.
Lawrenceburg, Ind.—Bond Sale.—The city has sold $50,000 4%% 15-year bonds to Seasongood & Mayer, Cincinnati,
at 106.
’
L idgerw ood(N . D .),S ch ool D istrict.—Bonds V oted —The
district recently voted to issue $4,000 H bonds for a new
school house. Bonds mature twenty years from date of
issue, subject to'call after ten years. W e are advised that the
bonds will probably be sold by the State.
Louisville, Ky.—Bond Offering.—The Commissioners of
the Sinking Fund will receive proposals until 12 m . February
28, 1898, for the purchase of the following bonds :
*74,000 5* bonds, dated May 1, 183J, maturing May 1,1920, subject to call after
May 1,1900.
173,500 i% improvement bonds, dated July 1,1883, maturing July 1.1923. sub
je ct to call after July 1, 1903.
1
The above bonds are held among the assets o f the sinking
fund and are subject to sale in the discretion of the Board.
A certified check on a bank in Louisville payable to the
‘ "Commissioners of the Sinking Fund of the city of Louis
ville” for 1% o f the face value of the bonds proposed to be
purchased must accompany bids.
Mahanoy City, Pa.—Bond News.—W e are advised that the
$80,0ou paving bonds authorized at the election held Feb
ruary 15, 1898, will probably be issued late in the spring or
summer.
M arin County (C al.) F airfax School D istrict.—Rond
Sale.—On February 14, 1898, the $2,700
school-building
bonds were awarded to the Oakland Bank of Savings (the
only bidder) at 106‘67. Bonds w ill mature $540 yearly on
January 3, from 1904 to 1908, inclusive. For further descrip
tion of bonds see C hronicle February 5, 1898, p. 302.
M arlboro, Mass.—Loan Authorized.—It is reported that
the City Treasurer has been authorized to borrow $165,000 in
anticipation of the collection of taxes.
M artin’s Ferry, Ohio.—Bonds Proposed,.—The Council
has under consideration the calling of an election to vote on
the question of issuing $35,000 bonds for new machinery at
the water works.
Massachusetts. -B o n d Offering.—Proposals will be re
ceived until 12 m . March 2, 1898, by E. P. Shaw, Treasurer
and Receiver-General, for $2,000,000 3%% gold “ Metropolitan
Water Loan ” bonds. Securities will be in denominations of
$1,000, dated January 1 , 1898. Interest will be payable Jan
uary 1 and July 1, and the principal will mature January 1,
1898. A certified check for 2%o f the amount of bonds bid for
must accompany bids.
The official notice o f this bond offering will be fou n d among
the advertisements elsewhere in this Department.
M iddletown (P a .) School D istrict.—Rond Safe.—On Feb
ruary 19, 1898, the $35,60 1 4$ 10-20-year bonds were awarded
to E. Peirce at 102-515. Following are the bids :
4 3 7
dianapolis papers. W e are now advised by W . Davis, Treas
urer, that “ no such order o f bonds is contemplated.”
Mount Yernon, N. Y.—Bond Sale.—On February 21, 1898,
the $32,000 5% three-year tax relief bonds were awarded to
Farson, Leach & Co., New York, at 104 375. Follow ing are
the bids:
Farson, Beach & Co., New v Ork.l04*3?5 K. C. Jones Co., New Y ork ........ 104*19
W h»nn & Schle'inger, N. Y ...... 1* 4*33
Leland. Towle &Co., N. v ........ 104*1144
R. K leybolte & Co.. New York.. 104*32 Benwell & Everitt, New Y o r k .. 103*75
E. C. Stanwood & Co., N. Y ........ 10i*25 D. A Moran & Co., New Y o r k ..103*589
Mount Yernon, Ohio.—Bond Sale.—On February 19,1898,
the $7,500
sewer-assessment bonds were sold to the First
National Bank, Mount Yernon, at 109*81. Bonds mature
$375 semi-annually, beginning January 1 , 1899. For further
description of bonds see Chronicle last week, p. 394.
Muscatine, Iow a—Bond Sale.—On February 17, 1898, the
City Council awarded to the First National Bank, Chicago,
$300,000
bonds at par, the purchaser to furnish all blanks
and exchange, also to make change of bonds for old issue.
Following bids were received :
m iff
aLPSnk* Chicago, fo r 1%% bonds—par and other considerations.
T he Lmnorecht Bros. Co., Cleveland, fo r 4^4i6 1-30 year bonds—par.
to r b ^ r fd ^ ®ons* Cleveland, fo r
20-year gold bonds—par, charging $500
RU<|s1(K»1fm-1h^nd1te & C°*’ Clncinnati' fo r
20-year gold bonds—par, charging
S p f u e /* C o .?^ oleio?V o?4 i; J l1bOn’d^—oar^ bouds- par' clty t0 furniatl bonds.
E d * i0 0 0 J ° neS C° " C,ncillnati* fo r
20-year g o ld -p a r, less commission,
im nois^Trust & Savings Bank, fo r 4Ji* gold b o n d s-p a r, less com m ission.
Mason, Lewis & Co.. Chicago, fo r 4
Seasongood & Mayer, Cincinnati,
gol d bonds—par, less commission. $3 000
20-year bonds—par, city to furnish bonds*
Napoleon, Ohio.—Bond Offering.—Proposals will be re*
ceived until March 12, 1898, for $1,600
sewer bonds Se
curities are in denominations o f $400 and mature one bond
yearly. Interest will be payable January and July at the
City Treasurer’s office.
Nashua, N. H.—Bonds Proposed.—The City Councils have
under consideration an ordinance providing for the issuance
of bonds for the payment of the Hunt Library site note.
Nevada, M o.—Bonds Sale Authorized.—A t the election held
February 7, 1898. the citv electors confirmed the sale of the
$24,000 5% refunding bonds to Chas. N. Hammond & Co.
Kansas City, Mo. Securities are dated March 1 . 1898, and
mature March 1,1908. Interest will be payable semi-annually
at the Merchants-Laclede National Bank, St. Lonis. .
Newton, Mass.— Temporary Loan.—The citv has negotiated
a 9 months’ loan of $100,000 with R. L. Day & Co.. Boston
at 2-90# discount.
*
’
New York State.—Bids.—Following is the full list of bids
received February 8, 1898, for the $3,230,000 3% gold canal
bonds:
For the E ntire Issue.
I
For the Frttire Issue.
Verm ilye & Co., New York .......105*07
Kountze Bros., New Y ork....... >
■(«1,000,000).... 104* 15 j E. H. Rollins & Sons. N. Y ... . ) 104
NBank N Y *7 I (* l >000.000) ..104*25 N. W . Harris & Co.. New Y o r k ..103*634
a K* «• *••• r f i l , 230,000)....104*3-i H arvey Fisk & Sons, ( M v
Jos. E. Gavin, Buffalo..................103'995 I Biake Bros. & Co.,
y N. Y .......101 777
For P a rt o f the Bonds.
Jos. E. Gavin, Buffalo.............................................
«500 000
104*245
Manufacturers’ & Traders’ Bank, Buffalo ........... .
.......... 260 000
103*78
H enry W . F o x ................... ................................................ . " ** £00000
103*50
La Fayette Fire ins. C o.......................... .
100*000
102*44
Spencer Trask & Co., New York..................... .......................... T n n m
102*01
102*
Carrie A. Carroll........................
..................1 s’ooo
T heodore Cantield..................................................... ! ................... 1 a’aaa
B an’! A . Moran & C o ............................. .............. ............
* 200*000
101*83
101*50
101.
100*689
As stated last week, the bonds were awarded to Vermilye
& Co., New York, at 105*07.
y
N orfolk, Va.—Bonds Authorized.—The State Legislature
has passed a bill authorizing the city to issue bonds for the
erection, repair or rebuilding of a bridge over Smith’s Creek.
• , ll7 ia (M inn.) School D istrict.—Bonds Voted.—A t a spec
ial school meeting held recently it was voted to issue $6 000
bonds for the purpose of building an addition to the present
school house.
Orange County, T e x a s—Bonds Authorized.—'The Countv
Ci)™“ 1^ ° , nAers on February 16, 1898, authorized the issuance
ot $33,500 40-year bonds for the building and furnishing of a
new court house.
Peru, Ind.—Bond Sale.— The city has sold at par to W . J.
Hayes & Sons, Cleveland, $12,000 5% refunding bonds. Se
curities are issued to take up a like amount o f
funding
bonds now subject to call. They mature $1,000 yearly on
January 1.
J
J
Philadelphia, Pa .—Loan Bill Again Defeated.—On February 24, 1898, the Common Council again defeated the
Loan Bill as amended. The bill, as it was voted upon by
tne citizens last fall, provided for the issuance of $12 200 000
improvements. This amount was reduced
b y tb e $1,000,000 allowed for the improvement of the gas
works; that item not being necessary upon the lease of the
works to the United Gas Improvement Company. On Janu
D ic^ B ros.; Philadelphia:.
,’ *102 575 I
J K f
ary 27, 1898, the bill was defeated in Common Council, but
tp e^r
I W. J. Hayes <fe Sons, Cleveland. 101*50
subsequently the vote was reconsidered. On Thursday the
Rollins & Sons, B o sto n .. 102*09 1 Townsend W helen & Co.,Pliila. 100*50
Common Council, in the Committee of the Whole, agreed to
♦ Bid flat.
amend the bill so as to provide for an issue of $6,100,000 to
Interest will be payable at the Farmers’ Bank of Middle- cover the more important improvements. The amended bill
town, Pa.
8
lacked the necessary two thirds vote upon its final passage,
Moline, 111.—Bond Sale.—W e are advised by Chas. G. the vote being 73 to 53.
&
Carlson, City Clerk, that the city has issued $3,390 50 bonds • -^ illip s b u r g , N. J.- Bard Sale.—James L. Smith of Phillto the Davis Co. in payment for work in improving the ipsburg has bought $1,900 4$ 22 year school bonds at 101.'
streets. Mr. Carlson says 66 these bonds are not a regular
P olk County (P . 0. Crookston), Minu.— Bond Offering,—
city issue, but simply special taxation vouchers.”
Proposals will be received until 10 A. M., March 22, 1898, by
M ontpelier, Ind.—Correction.—In the C h r o n ic l e Feb the Board of County Commissioners for $20,000 6% ditch
ruary 12, 1898, we reported that the City Council had author bonds. Securities are in denominations of $5* 0, dated June
ized the issuance of $11,135 funding bonds, the information 1,1898. Interest will be payable annually on June 1 and the
being based on a report which appeared in one of the In- J principal will mature 10 years from date of issue.* Pur-
488
THE CHRONICLE.
«chasers w ill be required to furnish blank bonds. A certified
check, payable to the County Treasurer, for 5$ o f the face
value of the bonds, must accompany bids.
P ontiac (111.) School D istrict.—Bond Sale.—On February
14.1898, $10,000 5$ 5‘77-year (average) school bonds were
awarded to Trowbridge & Co., Chicago, at 104’49. Follow
ing are the b id s :
T row bridge & Co., Chicago........... 104*49 I National Bank o f Pontiac............W3-0
-ITarson, Leach & Co., C hicago....104*39 F. F. Scroud, W alnut....................102*50
N . W .H arris & Co., C h ic a g o ......104*25 1W . J. Hayes & Sons, C leveland.. 101*07
P ortlan d , Ore.—Bonds Awarded. —Dietz, Denison & Prior,
^Cleveland, have been awarded the $75,000 6# improvement
bonds at their bid of 107‘50. Bids for these bonds were re
ceived on January 24,1898, as stated in the Chronicle, but
the award was not approved by the Council until February
16.1898.
Bond Ordinance Vetoed.—The Mayor has vetoed the ordi
nance passed February 2, 1898, awarding to Morris & Whitehead, Portland, $400,000 5% 20-year gold funding bonds at par.
The Mayor claimed that there was no authority for the issu
ance of the bonds, and even if they were legally authorized,
the ordinance should not become a law because it was pro
posed to sell the bonds without advertising for bids. It is
-stated that Estabrook & Co., Boston, offered $50,C00 premium
fo r the bonds.
P rovidence, E . 1.—Notes Authorized.—On February 21,
1898, the Common Council authorized the issuance of $li 0,( 00
notes for school purposes.
Bonds Authorized. —The State Legislature has passed a
bill authorizing the city to borrow $10,000 for the purpose of
furnishing and decorating the Casino at Roger Williams
Pdiikt
Red Bluff, Cal.—Bonds Defeated.—On February 12, 1898,
the proposition to issue $62,500 4% water-works bonds was
•defeated.
Red Wing, Minn.—Bonds Proposed.—It is stated that the
Oity Council w ill consider the question of issuing $15,000
bonds for the building of an armory and city hall.
Rhode Island.—Bonds Under Consideration.^—-The State
Legislature has under consideration a bill providing for the
submission to the people o f a proposition to issue $1,500,000
bonds for the completion o f the State House and furnishing
the same.
R ochester, N. T.—Temporary Loans.—The city has nego
tiated the follow ing loans with Dunscomb & Jennison, New
Y ork :
•$40,000, 6 months’ loan, a t...............2§£j£1 $250,000, 4 m onths’ loan, at..............
38,000, 4 m onths’ loan, at...............3% |
R ogers (C ity) Mich.—Bond Election.—An election will be
held in March to vote on the question of issuing $2,000 bonds
for a village hall.
Royersford, Pa.—Bonds Defeated.—The proposition to is
sue $19,986 electric-light bonds was defeated at the election
held February 15,1898.
Saginaw, M ich.—Temporary Loan.—The city has borrowed
$8,000 of the $25,000 loan recently authorized by the Com
mon Council. The loan was negotiated with the Savings
Ttank of East Saginaw on a due bill at 4*90$. The balance
w ill be borrowed from local banks in such amounts and at
-such times as the money may be needed.
St. Joseph, Mo.—Last Year’s Proposed Refunding Bonds
to be Destroyed.—The Bond Committee has presented a re
port to the City Council, recommending the canceling of the
new refunding bonds which the city tried to float last sum
mer. This is the final chapter in the attempt on the part of
the city to call in the outstanding 6$ bonds prior to their ma
turity, though the officials still strenuously insist that the
steps taken last summer were in accord with the city’s legal
and equitable rights.
St. Paul, Minn.—Temporary Loan.—The city sold on Feb
ruary 15, 1898, an additional $150,00J o f the certificates of in
debtedness, These certificates are issued in anticipation of
the collection of taxes and bear 4% interest.
Segnin, Texas.—Bonds Authorized.—The City Council has
authorized the issuance o f $10,000 6$ street improvement
bonds and $8,000 6# water-works bonds.
Sheboygan, W is.—Bonds Proposed.—The City Council has
under consideration the issuance of from $20,000 to $25,000
bonds for a school building in the Fifth Ward.
Sherburne (M inn.), School D istrict.—Bonds Defeated.—
The issuance o f ’bonds by this district was recently voted
against at a special election.
Shreveport, La.—Bonds Proposed.—The question o f issu
ing bonds for street improvements is being agitated by lead
ing citizens of this place.
S ioux City (Iow a ) Independent School D istrict.—Bond
Election.—Local press reports state that an election will be
held March 14,1898, to vote on the question of issuing bonds
to take up a $60,000 mortgage which stands against the highschool property.
.
>•. Slater, Mo. —Bond Sale.—The city has sold to Gaylord,
Blessing & Co., St. Louis, the $15,000 5$ 5-20 year water
works bonds at 102*83.
Smyth County, Ya.—Bonds Authorized.—The State Legis
lature has passed a bill authorizing the county to extend the
time for payment o f some o f its bonds.
Spartanburg County, S. C.—News.— We are advised by
Mr. H. E. Ravenel that the proposition to issue $200,000 road
improvement bonds “ is only talk, and if it ever materializes
it w ill be in the dim future.”
Springfield, Ohio.—Bonds Proposed.—A bill w ill be in
troduced in the State Legislature providing for the issuance
[V ol . L X V I.
o f $20,000 bonds for the erection of a combined station, patrol
and workhouse in this city.
Syracuse, N. Y.—Bond Sale.—On February 21, 1898, the
$182,000 4% local-improvement bonds were awarded to Joseph
E. Gavin, Buffalo, at 101*815. Following are the bids:
Joseph E. Gavin, Buffalo............101*815
Blodget, Merritt & Co., B oston. .101*667
Farson, Leach & Co., New York.l01*695
R. L . Day & Co., New Y ork........ 101*693
Longstreet, Steelman & Co., Bos.l01*679
Mason, Lewis & Co., B o sto n ... .101*599
Illinois Trust & Sav. Co., C h ic..101*589
Ben well & Everitt, New Y o r k .. .101*563
Seymour Bros. &Co., New York.l01*44
Syracuse Sav. Bank, Syracuse..101*32
N. W . Harris & Co.. New Y o r k ..101*214
Street, W ykes & Co., New York 101*211
Edw. C. Jones Co., New Y o r k ..., 101*027
S. A . Kean, Chicago.................. ..100*61
Bonds mature $33,000 yearly from February 1, 1899, to
1902, inclusive. For further description of bonds see C hron
icle February 12, 1898, p. 354.
Temporary Loans.—The city has negotiated the following
loans with Dunscomb & Jennison, N ew York, in anticipation
of the collection of taxes:
$91,000, 6 months, at 3 85# interest.
50,000, 9 months, at 3*25# interest.
|$47,000, 4 m onths, at 3*25j5 interest.
I 50,000, 9 months, at 3*26J5 interest.
Tarentum, P a .—Bonds Voted.—The question o f issuing
$40,000 grading and paving bonds and $15,000 sewer bonds
was voted upon favorably at the spring election held Feb
ruary 15,1898.
Tiffin, Ohio.—Bond Sale.—On February 19, 1898, the
$9,500 8$ debt-extension bonds were awarded to the Atlas
National Bank, Cincinnati, at 112*01. Bonds mature March
1, 1908. For further description of bonds see Chronicle
February 19, 1898, p. 394.
Tonawanda (N. ¥.) School D istrict.—Bond Sale.—On Feb
ruary 16, 1898, the district awarded $12,000 4% 23J^-year
(average) bonds, one-half to Farson, Leach & Co., New York,
and one-half to Jas. H. Rand, North Tonawanda, both at
105*14. Bonds are dated October 1, 1897. _
Trenton, N. J.—Bond Sale.—The Sinking Fund Commis
sioners have taken $45,000 4% 10-year refunding bonds at
102*50.
Upper Sandusky, Ohio.—Bond Ojjering.—Proposals w ill
be received until 12 M. March 24,1898, by A .F . Leser, Village
Clerk, for $6,000 6$ refunding bonds. Securities are issued
pursuant with Section 2,701 of the Revised Statutes of Ohio,
and authorized by ordinance passed by the Village Council
February 7, 1898. Bonds are in denominations of $1,000,
dated April 1, 1898, and mature eight years from date o f is
sue. Interest will be payable semi-annually, both principal
and interest being payable at the Ninth National Bank, New
York City. A certified check for $500 must accompany bids.
Van W ert County, Ohio—Bonds Authorized.—The State
Legislature has authorized the issuance of $43,000 deficiency
bonds by this county.
Y igo County, In d.—Temporary Loan.—The county has
negotiated a one-year loan of $50,000 with Dunscomb & Jen
nison, New York. Loan bears 4%% interest.
Wapakoneta, Ohio.—Bond Offering.—Proposals w ill be re
ceived until 12 m . March 21,1898, by V. B. Arifold, Village
Clerk, for $35,000 5% street-improvement bonds. Securities
are issued pursuant with Sections 2835, 2836 and 2837 o f the
Revised Statutes of Ohio, and were authorized by ordinance
passed February 2, 1898. They are in denominations of $500,
dated March 1, 1898; interest will be payable semi-annually,
both principal and interest being payable at the Village
Treasurer’s office. Principal will mature as follows.
$500 semi-annually from March 1,1907, to September 1 ,19«8, Inclusive.
3.000 semi-annuallv from March 1,1909. to September 1,1917, inclusive
1,500 on March 1.1918, and September 1,1918.
3.000 semi-annually from March 1,1919, to September 1* 1920, Inclusive.
A certified check for $200, payable to J. J. Connaugton,
Mayor, must accompany bids.
W arren County, Miss.—Bids.—Following are the bids re
ceived February 7,1898, for the $15,500 5# 20-year refunding
bonds:
The N oel-Young B o n i & Stock
Vicksburg Bank........................... 102*50
Co., St. Louis...............................100*00
B. C. Jenkins, St. Louis.............. 100*49
First National Bank, Portage ..100*136 S. A . Kean, Chicago.............. ,...*100*00
* Less 1%commission.
As stated last week, the bonds were awarded to the Vicks
burg Bank. The total debt o f the county is $73,100. The
assessed valuation is $6,400,000, about 80$ of the actual value.
Population about 40,000. The debt limitation by law is 5$ of
the assessed valuation.
W atervliet (N. Y .) School D istrict—Bonds Voted.—On
February 23,1898, at a special election, the district, by a vote
of 209 to 82, authorized the issuance of $53,000 school bonds.
Watseka, 111.—Bond Sale.—N. W . Harris & Co., Chicago,
have been awarded $14,000 5$ seven and one-half year im
provement bonds. Interest will be payable semi-annually.
Waukegan, W is.—Bond Ordinance Vetoed.—The Mayor
has vetoed the ordinance recently passed authorizing the is
suance o f $7,500 5$ funding bonds.
W eatherly, Pa .—Bonds Defeated.—At, the spring election
held February 15,1898, the question of issuing $22,400 school
building bonds was voted down.
W hite County, 111.—Bond Offering.—Proposals w ill be
received until April 1, 1898, by the County Board of Super
visors for $280,000 43^$ funding bonds. Securities are in de
nominations of $1,( 00, dated April 1, 1898. Principal w ill
mature $14,000 yearly, beginning July 1, 1899. Interest w ill
be payable January and July, both principal and interest
being payable at the American Exchange National Bank,
New York City.
♦
W ilm erding, P a.—Bonds Proposed.—The question of call
ing an election next May or June to vote on the proposition
to issue $30,000 school bonds, is being discussed.
Yuma County (A riz .) School D istrict No. 1.—Bond Elec
tion.—An election w ill be held February 26, 1898, to vote on
February 26, 1898,]
THE CHRONICLE,
439
the question of issuing $10,000 1% school bonds. Securities, if
H illsborough County, N. H.—Frank C. Livingston, Treas
authorized, will be in denominations o f $100, interest being
payable annually. Principal will mature $2,000 yearly, be urer. County seat is Nashua.
ginning December 31, 1907.
LO A N S —
When Due. Bondeddebt J a n ., ’9 8 .. $312,000
Elsinore, Cal.—J. T. Kuhns, Treasurer; L. B. Peck,
Clerk. This city is in Riverside County.
LO AN S—
Water L
oan—
When Due. I Total debt July 1 , 1 8 9 7 . . _______
|Assessed valuation 1897.S187.000
6s, J&J, $ 2 0 ,0 0 0 ........1 8 9 8 -1 9 3 7 I Real valuation 1897....... 450,000
B uilding B onds—1896.
4s. June, $40,000.......June 1,1921
F unding B onds 1894—
4s, J&J, $117,000.......Jan. 1,1914
Optional after Jan. 1,1904
R e f u n d in g B o n d s -
48, Sept., $35,000......... Sept. 1910
u il d in g B o n d s —
|Population in 1897 (est.).......... 600 t 4s,B March,
$120,000___Mar. 1915
($500 yearly on July 1.)
Floating debt Jan., ’98.
15,174
Total debt Jan., ’9 8 ....
327,174
Assets (cash)........... .
32,526
Net debt Jan. 1 ,1 89 8 ..
294,648
Tax valuation 1896....59,233,847
Population in 1890 was.......93,247
Population 1896 (ab ou t)....97,000
In the follow ing index reference is made by the page number to everv item regard! no- state «itv i-n-nm
.. . .
published in the current volume of the C h r o n ic l e — that is, since Januarv 1 1898
inrtSl tn
finances wbioh has been
December 25,1897, page 1235. Items in the current number are not n o t h i n the index F u l ^ f f f n e e ^ r e f l ^ w 16*65, see C h r o n i c l e o f
S S K d Yal'“ a '” 18’ *«•
to ie x
* * * * * to toe Sta ™ ato c u r V i l i a m “ ¿ ‘ * 0 ? . " ?
Miss.............
A berdeen,
da Co. School District
351 A thens .Co., Ohio.............
148 JtJluflton, Ohio..................
892
Athens, O h io..800, 3 5 5 ,
3«2 Bonhom m e Co., S. D
. 355
N o. 6, Id a h o..................
351 Atlanta, Ga...... .............
351 Boston, Mass..46,97,250,
301
A kron, Ohio.....................
392 Augusta. G a................ 98,
301 B otetourt Co., Va....250,
A lam eda Co. Fruitvale
Austin, T e x ................. 46, 148 o
„ .„
352,
392
148 Avalon. Pa. .98,199, 351.
Sch. Dist., Cal...............
392 Bowling
Green.O.,98.148
250
A lbany Co., N. Y . .... 198,
392 A von, Mass...... ............... 3 0 4 Bozeman,
M on t..98,148,
Albany, G a.......................
198
_
199, 3 0 4
Alexandria Co., V a . ... ..
300
aker City, Ore...........
250 Braddock, Pa........
98
Alexandria, ln d ..............
147
altimore, M d .....301,
392 Bradford, P a ........
199
Alexandria. V a ...............
392 Bangor, M ich ... .............
48 Bradford Sch. Dist., Pa.
A lleghany Co.. V a ..........
392 I Barry Co. School Dist.
•„
'
199.250, 392
A llegneny Co., M d..........
97
No. 2, M o . ... ,.......
198 „•
Bradley Beach, N. J .......
46
A llegheny Thirteenth
Basic City, V a .......96
250
I Bradner, O hio..................
W ard Sch. Dist., P a ...
198 Bay City, M ich................
351 Branchville, N. J ...........
392
A llentow n. Pa.................
198 Bay St. Louis, Miss. .301,
351 Bridgewater, N. V ..........
351
A m herst Co., V a ___250,
Beaumont, T e x ..............
392 Bristol Co., M a s s....148,
199
300,351,
392 B edford City, Va.............
351 Bristol, R. I .............301,
352
A nderson, S. C .. ............
168 B edford, Ohio.......If.......
46 Brockton, M a s s .............
250
148 Bedford, P a ...............
Annapolis, M d........... 46,
250
School Dis
A noka Co.. Minn.............
392 Bell Co., T e x ................... 3 5 5 Brokenbow
trict, Neb.......................
46
A ppleton, W is................. 1 5 1 Belleville, N. J . .......9 8 ,
199 Brookfield, M o................
892
A rapahoe Co. Sch. Dist.
Bethel, Me........3............. 1 5 1 Brookline, M ass.. 46,148,
352
No. 2, C ol...............4 8 ,
97 Bethlehem, P a ................
199 Brooklyn, Conn...............
393
A rapahoe Co. Sch. Dist.
Beverly, Mass........ 199,
301 Brooklyn, N. Y................
46
N o. 17, Col.....................
97 Binghamton, N. Y ___46,
199 Brunswick, Mo................
199
A rizon a.............................
249 Blackhawk Co., I a .. .301,
352 Buchanan, V a..................
393
168 Blackstone, Mass............
Ashland, K y. ...................
j 99 Buffalo, N eb........ ............ 3 5 4
Ashland, W is............. 48,
199 Blair Co., Pa................ 97,
98 Buffalo, N. V. 46, 97, 98,
Aspinwall, P a ..................
46 Blakely, P a .....................
199
148, 250, 801,852,
393
Atchison, K a n ...............
199 Bl )omflel<r N. ¿..98,199,
801 Buncombe Co., N. C.,
A thens, G a ................148,
250 1 Blue Earth City, M in n ..
148
96.
249
B
NEW LOANS.
$ 3 0 0 ,0 0 0
Burrillville, R . 1 ................
Butler Co., O h io ...........
B utte. M ont........................
148 Chicago, 111..................97.
352
Junction, Ohio,
148 Chicago
_u
' •
47,
393
301
393
Church’s Ferry, N. D .. .
p a b e l l Co., W . V a ........
199 Cincinnati, O h io ......47,
199
V ■'airo, 111...........................
147.199,250.301,
352
Caldwell Co.. M o .............
393 Cincinnati
Sch. Dist., O..
250
Caldwell, O hio...................
352 Clark Co., K
98
y.......................
Cambridge, Mass, ...199,
352 Clayton Co., Ga...................
301
47 Claxton, Ga.........................
Cambridge, Ohio.............
393
Cambridge Springs, P a ..
98
h io..98,148,
Canton, Conn ............... 1 5 1 Cleveland, O198.199,352,
393
Canton, O hio.......................
393
H e ig h ts ,P a ..250
301
Cape May, N. J. ______
47 Clifton
Clinton, K y ...........
199
Carlyle Sch. Dist., 111....
393 Coahoma Co., M iss..........
301
97 Cochise Co., A r iz ..,........
Carthage, M o...................
Cass Co., M ich.....................
148 Coffeyville, Kan. (See 249
Castleton Union Free
............. 47,
302
Kansas).
School District, No. 3.
Cole Co., Mo...............148. 1 5 3
N .Y ..................I...........!
98 College
Hill, Ohio.......98,
301
Cedar Co. School Dist.
College Point. N Y ........
47
No. 8, M o .......................
148 Colorado
Springs, Col.,
Cedar Falls, Iow a___250,
301 „ L
98,
199
Cedar Rapids Sch. Dist.,
Colton, Cal........................
148
Iow a........................ . . . .
301 Columbia
N. Y .......
852
Charleston Co., S. C .......
250 Columbus,Co.,
G a ...... ........
148
250 Columbus, M iss..............
Charleston, S. C.............
301
Charlotte, M ich...............
301 Columbus, Ohio........ 250,
393
Charlottesville, V a ........
250 Columbus Sch. Dist., O ..
Cherryvale, Kan. (see
_
250, 301
302 Comanche
Kansas)..........................
Co., T e x ..198,
392
Chetopa, K an.................. 3 5 5 Concordia,
M o................
352
NEW LOANS.
NEW LOANS.
$ 4 0 0 ,0 0 0
$120,200
C IT Y OF OMAHA, NEB., STA TE of NEW YORK City of Easton, Penn.,
4« F U N D IN G B O N D S .
Om a h a , February 10th, 1898.
Sealed bids, marked “ proposals fo r bonds,” will be
received b y the undersigned, up to 12 o ’clock noon o f
the 28th- day o f February, 1898, fo r the purchase o f
$ 3 0 0 ,0 0 0 or part •thereof, hut n ot less than
$50,000, o f 20-year 4% semi-annual Funding Bonds o f
*he City o f Omaha, to he dated March 1st, 1898, o f
denominations o f $1,000 each, and payable at the
Nebraska Fiscal A gency in New York.
Each bid must contain a distinct proposal stating
t h e amount hid fo r and premium offered in addition
to the principal and accrued interest to date o f pay
m ent, and must be accompanied by a certified check
•on a National Bank, payable to the City o f Omaha, in
a sum equal t o 2% o f the am ount hid for.
Bonds are authorized by Section 122 o f Charter o f
M etropolitan Cities, approved March 15th, 1897, and
Ordinance 4353, approved February 9th, 1898.
T he faith and credit o f the City o f Omaha are
pledged fo r the paym ent o f the principal and inter•est o f said bonds.
T he right to reject any and all bids is reserved.
* BONDED DEBT:
•General,including this issue . . . $3,336,100
Less exem ptions as to limit....... 1,350,000—$1,986,100
Special assessment.......................
Assessed valuation 1898.............
M ill levy per $1,000...................
1,642,250
33,049,5031
24-00
A . G. E DW AR DS,
City Treasurer.
Old Virginia Securities.
T he General A ssem bly o f Virginia has enacted a
aw, approved January 25,1898, allowing the holders
■of her old securities, n ot funded under act o Feb
ruary 14, 1882, or February 20, 1892, until J u ly l,
1898, to fund them , at the same rates as provided in
th e act o f February 20, 1892, excep t as to the time
the new bonds shall carry interes .
This is probably the last tim e that this opportunity
will be allowed, and parties holding any o f the secur
ities m entioned should avail them selves o f it w ith
o u t delay.
F or particulars address,
«•
JOSIAH R Y LA N D , J r .,
Second Auditor,
and President o f Commissioners o f
Sinking Fund o f Virginia,
Richm ond, Va,
3K PER C E N T BO N DS.
3% P E R C E N T B O N D S .
Sealed bids will be received b y the undersigned
•
until 4 P . M. Thursday, March 3, 1898, fo r One
Co m p t r o l l e r ’ s Of f ic e ,
5
A l b a n y , February 17th, 1898. >
N otice is hereby given that sealed proposals will be
received at this office until the 28th day o f February,
inst., at noon, fo r the purchase o f $400,000 registered
bonds o f this State, to be issued pursuant to the pro
visions o f Chapter 220 o f the Laws o f 1897, fo r the
acquisition o f land in the territory embraced in the
Adirondack Park.
The bonds will he dated February 1st, 1898, and will
be o f the denomination o f $5,000.00 each; will draw
interest at the rate o f 3% per cent per annum, pay
able semi-annually, and will mature $200,000 Feb
ruary 1st, 1907 and $200,000 February 1st, 1908.
Principal and interest will he payable at the Bank
o f the Manhattan Company in the City o f New York.
T he Comptroller reserves the right to re je ct all
bids which are n ot in his opinion advantageous to
the interests o f the State.
A ll proposals must he sealed and endorsed “ A d
irondack Park L oan,” and directed to the Comptrol
ler o f the State o f New York, Albany, N. Y
JAM ES A . ROBERTS,
Comptroller.
Government a n d
Municipal Bonds
B O U G H T A N D SO LD .
A PPRAISEM EN TS M ADE OR QUOTATIONS
FURNISHED FOR TH E PURCHASE, S A L E , OR
EXCHANGE OF A B O V E SECURITIES.
L IS T S ON A P P L IC A T IO N .
N. W. HARRIS & CO.,
BANKERS,
3 1 NASSAU ST, (Bank of Commerce Bldg.)
8 2 0 0 ,0 0 0
Central RR. & Electric Co.
(Of New Britain, Connecticut.)
1st Mortgage Sinking Fund Gold 5s.
This road has direct connection with the City o f
Hartford.
Ser d fo r earnings to Oct. 1,1897, and fu ll descrin
tion o f roperty.
E. H R O L L IN S <& S O N S ,
1 9 M ilk Street« Boston« M ass *
hundred and twenty thousand, tw o hun
dred dollars, or any part thereof, o f new issue
City o f Easton Bonds, hearing interest at the rate o f
3J6 per cent per annum, payable semi-annually on
the 1st A pril and on the 1st October in each year, to
be delivered on, or as soon after April 1st, 1898, as
possible, in denominations o f $100, $500 «i«i $1,000
and run thirty years from April 1st, 1896. O f th e
total am ount $101,300 is to be applied to refunding
outstanding 4% Bonds and $18,900 to be applied t o
city improvements. A ll bids to be accompanied - by
a New York draft or certified check fo r $250 as
guaranty o f good faith o f the successful bidder and
to be payable to the City Treasurer o f Easton, Pa.,
to be used as liquidated damages should any bidder
receiving an award fail to fulfill his proposed con
tract to take the Bonds hid fo r. A ll checks to he re
turned to unsuccessful bidders after award is m ade
and to the successful bidder when bonds are d e liv
ered.
The right to reject any or all bids or parts o f bids
is reserved.
Bids should be sent to undersigned and endorsed
“ Proposals fo r Bonds.”
JOHN S. NOBLE, City Clerk.
Notice to Warrant Holders.
N otice is hereby given to the holders o f warrants
issued by the City o f Cedar Rapids, Iow a prior to
January 1st, 1894, to present the same fo r payment to
the Treasurer o f said City on or before A pril 1st,
1898, as interest on all such warrants will cease from
and after that date.
Dated Ce d a r R a p i d s . I o w a , Feb. 23, 1898.
___________________ P. W . G IFFORD, City Auditor.
^
2 5 , 0 0 0
7% Well-secured 1st Mort. Gold Bonds,
M aturing in 1 9 0 4 .
F or particulars address
C A L V IN
CALIFO RN IA
TACOMA,
-
(,
P H IL IP S ,
®
UILDING,
ASH 1N G TO N .
W ARRAN TS.
Carefully selected, High-grade State, County, City
and Public School issues, maturing in 6 to 24 m onths
and earning 5 to 8 per cent our specialty.
R O B T . E . S T R A H O R N & CO.,
Equitable Building,
Boston, M ass.
THE CHRONICLE.
440
IN D E X
C oos Co., N. H ........... .
304
Coquille City, Ore...........
301
Coshocton, Ohio.............
393
Council Bluffs, Iow a ......
300
Council Bluffs Sch.Dis.Ia. 250
Cowley Co., K an.............
*50
Cripple Creek, C ol..........
148
CuffeysCove School D is
trict, C a l..................47,
250
Culpeper Co., V a . ...199,
250
Culpeper, V a...................
148
Cuyahoga Co., Ohio........
351
anville, V a ........... 300
301
ayton Scb. Dist., O - .
199
352
Dayton, O hio..................
Dayton, T en n ..................
In9
Deal, N .J .................. .. .
392
Dedham, M a ss..]99, 250, 35.5
D eer Lodge Co., Mont.
98,
301
Defiance, Ohio ...............
47
Delaware Co., O h io .......
98
D elhi Twp., Williams
Special School District
No. 2, O hio...................
352
Denton Co., T e x ............. 3 5 5
D enver, C ol........... 97, 98
3o0
De Pere. W is ...................
98
Des Moines, l a ................
250
Dickinson Co., Clintw ood School District.
Y a .....................149,1«9,
250
Dickinson Co., Kan 199,
bOO
D istrict o f Columbia.4'.,
149
D odge Co. lndep. School
Dist. No. 60, Minn.l<9,
352,
393
Douglas Co., N e b .... 96,
351
Dracut, Mass................
199
Dublin, G a....................... 1 5 2
Dubuque, la .........
199
Duluth, M inn............. 98,
149
D uquoin, 111.......149, 250.
3-3
Durand, M ich............199,
301
D
ast Chester, N.Y..250,
301,
352
Bast Cleveland, O h io... .
250
East Newark, N .J ............. 20o
Easton, P a .,....................
352
East Orange. N. J ...........
200
Eaton Rapids, M ich.......
98
Eldorado Springs School
District, M o..................
198
Elgin, T ex .....................
250
Elizabeth, P a ................. 3 9 6
Elkins, W . V a ...
250,
301
Elk P o in t y . D ... 47,149,
352
Ellis Co., Kan
............
98
E
TO STA T E AND
Elmwood Place, O...
ifilwood, In d .............. 200
Elyria, Ohio................
Emporia, K an...........
Essex Co., N. J ...... .
Evanston. Ohio. .98, 352
Evansville, In d .............
Everett, Mass................
Excelsior Springs, Mo..
302
airmont, Minn.....149
.1 3 2
Fannin Co., T e x .............
Fayette, Pa.....................
Fergus Co. School Dis
trier No. 1. M o n t......
Fitchburg, Mass.......9 1
Fitzgerald, Ga 149, 200
251 352
Flathead Co. School Dis
trict No. 12, M ont—
Floyd Co.. T e x .............
Flushing Union Fr. Sch
Dist. No. 1 ,N .Y ..........
Fort Collins School Dis
trict, C o l....i ...............
Fort Dodge, l a ..............
Fostoria, Ohio................
Foxboro, M ass...............
Frankfort, Ohio.............
Franklin Co., O h io .......
Franklin Co., P a .............
Franklin. K y ..............9!
Frederick, Md............ 47
Fredericksburg, Y a
Freedom P a ...........
Frostburg, Md...........
F
( i alionSch. Dis.,-0.302
I 7 allai in. M o................
Galli oolis, O h io....... 14S
Galveston, T e x ........ 147
Garfield Co.. Utah.........
Geneva, N. Y ................
G e o r g ia .............147, i4i
Gibsonburg, O hio.......98
Gillett, Col............ I—
Gladwin, M ic b .,.......z0(
G la s t o n b u r y , Conn— 47
30z
Glenville, Ohio.
Gloucester City, N. J.,
201
200
Gloucester, Mass..47, 99
Gonzales Co., T e x .... m
Goodhue Co. Sehool Dis
trict No. 68, M inn .,
Graceville, Minn......
2 , 0 0 0 , 0 0 0
CO M M O NW EALTH
99
149 Grand Rapids, M ich .......
251 Grand TraverseCo. ,Mieh. 251
200
300 Gravesend, N. Y .9 9 ,149,
852
393 Green Bay. Wis ...........
251
352 Greenwood Co., S. C .......
3 5 5 Greenwood, S. C........198 3 0 4
392
47
200 T T a lifa x Co., V a ............
I la llo w e il. M e..........47, 1 5 2
392
393 H am ilton Co., T e x .. 148,
47
Hamilton, O hio..............
Hamilton Sch. D ist., O ..
393
200,251,
302
393
249 H ampden Co., Mass.......
200
200 Hampshire Co., Mass__
392
Hannibal, Mo ..........198,
149
352 Harriman, T enn.............
97
149 Harris Co.. T e x ..............
353
Harrison. Ohio................
198
3 5 6 H artf"rd, C onn..............
200
Harvard, Neb ..............
393
393 Haverhill, Mass......... 99,
---- 251,
353
148 Hays. Co., T ex
Hazleton, P a ..................
393
Helena,
M
ont..................
47
47
H eller town, P a ..............
200
352 Hempstead Union Free
Scb. Dist. No. 14, N. Y „
47
353
302,
352
96
200 H enderson Co.. K y ........
251 H ennepin Co.. Miun....... 1 5 ■£
96
97 Hidalgo Co., T ex.............
251 Higginsville, M o............. 3 0 1
892
302 H igh Bridge, N .J ...........
302
96 Hiii Co. T e x ....................
149
393 Hillsdale Co., M ich........
200 H olly Beach. N .J .......... 3 9 6
200 H olt Co. School District
198
No. 2, M o......................
47
352 Holyoke. Mass................
200
47 H om er, 111........................
99
393 Homestead, Pa......... —
99
249 H oney Creek Twp.. Ind.
149 Horton,Kan. (*te Kansas)
802
393
352 Houghton. M ich.............
...........
363
249 Houston, T ex
853
251 Howard Co., M d.............
148
98 Howard Co.. M o.............
2,_l0
251 Hudson. N. Y ...................
Huntingdon, P a .............
393
251
39? H uron Co., Ohio.............
96
3 5 6 Huron. S. D .....................
149
H yattsville, M d .............
- 352
47
I llin o is ............................
352 In d ep end ence Sch. Dis8P3
trict, Kan......................
152
198
Indiana........................ 97,
302
200 Indianapolis, I n d ... 200,
393
99 Iola. K an.........................
Iow a City, Iow a............
Iron River, W is .............
Ironton School District,
Ohio..........................149,
Isle o f W ight Co.. V a ....
Issaquena Co.. Miss........
aeksboro School Dist.,
T e x .............................
Jackson Co., Kan
302,
Jamestown, N. D.............
Jameston, N. Y ...............
Jasper Co., Ind..........251,
Jasper, F la ....................
Jeffersonville, Ind...... 96,
117,
Junction City, Kan. (see
Kansas)..........................
J
ansas.......................96,
ansas City, K an........
Kansas City. M o........
Kent Co., M ich........ S92,
K entucky..............96,97,
Kern Co., Randsburg
Sch. Dist., Cal...............
Keysville, Va..................
Keytesville, M o...............
K n ox Co., Ind ................
K noxville, L a ..................
M ASSACHUSETTS
3M P E R C E N T B O N D S .
351
302
353
148
302
353
200
302
J49
251
47
251
302
149
251
351
353
198
25J
302
302
200
302
97
99
3U2
200
99
99
149
858
802
302
393
353
149
acoupin Co., I l l .. .99,
249
adisonville, O h io ....
398
M ahanoy City, P a .. 251,
393
Marin Co., Fairfax Sch.
Dist., Cal........................
302
Marion Co.. Miss...... 200,
251
302
Marion Co., W . V a..........
Marlborough, Mass........ 3 9 6
Marshall Co., W . Va.200,
393
Martin, T en n ............302,
393
Mason Co., M ich.. (.........
47
Mason, M o........................
251
149
M assachusetts............99,
McKinney, T e x ........ 302,
394
M cLean Co., N. D ............
353
M cLellan Co., T e x ..........
47
Mechanicsburg, P a ...... 2 5 4
M edford. M ass.. .99,149,
251
394
Media, P a .................... 99,
Melrose, Mass........ .........
200
Memphis, T en n ........ 802,
353
Meridian, Miss........ 302,
394
149
Methuen, Mass................
Miami Co., In d ................
96
Michigan . . . .................96,
147
M iddlesex Co.. N .J .. ... .
47
Middletown, Conn..........
394
Middletown, O h io ...302,
353
M iddletown Sch.Dis, Pa.
353
Mi lvale, Pa.....................
149
Milwankee, W is ...............
302
Mineóla. T e x ...................
394
Minneapolis, Minn ..47,
20(1
Minneapolis School Dis
trict. Minn.....................
149
M in n e so ta .......................
97
851
M ississippi................ 251,
Mitchell Co., T e x ...........
147
Mitchell Irrig. Dis., Ñeh.
149
M obile,Ala .....149,200,
249
Monett, W is........ ............
198
Montgomery, A la __ 147,
200,
302
M ontpelier, In d ...............
353
Morristown, In d .......251,
853
Moscow Sch. Dis., Idaho.
251
Mt. H ealthy, Ohio .. l i 9 ,
251.
Mount Kisco, N. Y...302¿
394.
M
IN V E S T M E N T S .
$ 9 0 ,0 0 0
New York Savings Banks San Luis Potosi Electric Co*
and Trustees.
F IR S T M O R T G A G E
L IS T S S E N T U P O N A P P L I C A T I O N .
S A V IN G S B A N K A N D T R U S T
FU N D S.
A ll bids must be accompanied by certified
checks for 2 per cent o f tbe amounts bid for,
LISTS MAILED ON APPLICATION.
ADAMS & COMPANY,
302
393
251
393
302
353
L os Angeles Co., Domin
guez Sch. Dist., Cal .. .
Los Angeles Co., Vine»
land Sch. Dist., C a l....
Louisiana, M o..................
Louisville. K y...........,47,
Lowell, Mass....................
Ludlow, M ass..................
Luray, V a ................ 302,
Lvndonville, V t . . . . . . . .
Lynn, Mass............. 1.......
FOR
TR E A S U R Y OF T H E COMM ONWEALTH,
B o st o n , February 23.1898.
Sealed proposals fo r the purchase o f bonds o f the
“ M etropolitan W ater Loan,” for two million dol
la rs ( $ 2 ,0 0 0 ,0 0 0 ) , will be received at this office
until 12 o ’clock noon, on W ednesday, M arclv2,1898’
at which tim e they will he publicly opened and read.
This loan will be issued in coupon bonds o f $1,000
each, dated Jan. 1, 1898, payable January 1,1938,
with Interest at the rate o f three and one-half (3J^)
p er cent per annum, from Jan. 1,1898, payable semi
annually on the first days o f January and July in
each year, and m ay he delivered as coupon or regis
tered bonds at the option o f the purchaser.
Principal and interest will be paid in gold coin o f
the United States o f America, or its equivalent, at
the office o f the Treasurer o f the Commonwealth in
B oston.
T he “ Metropolitan W ater Loan ” is authorized by
Chapter 488 o f the A cts o f 1895.
T he right Is reserved to reject any or all bids.
E. P . SH AW ,
Treasurer and Receiver General.
251
393
200
47
392
99
393
96
aclede Co., M o...........
ancaster, O h io ..........
Lansdale, P a ....................
Lausingburg. N. Y.. .200,
302,
La Salle Co. Twp. No.
33, 111........v....................
Lawrence, M ass...............
L e Mars, l a ..............
Lewes, D el........................
Lewisburg, W . Va...........
Lexington Co., S. C........
Lexington, Miss..............
Liberty. M o......................
Lidgerw ood Sch. List.,
N .D ..v ........
Lima, O h io ......................
Lima Sch. Dist., O .. .251,
Lincoln Co., Ore..............
Lincoln, 111..................99,
Lincoln, R. I ..
.......
Little Falls, N. Y .............
Livingston Co., N. Y ......
L ockport,N .Y..99, 1 5 2 ,
L ogan Oo., K y
............
Long Island City, N. Y.,
46.
Longport. N .J .......... 41..
L os A ngeles, Cal.............
L
353
99
302
200
99
393
392
K
Investment Bonds
OF
LXVX,
D E P A R T M E N T . - C o n t in u e d .
IN V E S T M E N T S .
N E W LOANS.
^
C IT Y
[V ol
MEMBERS OF BOSTON AND N EW YO RK
STOCK EXCHANGES.
R. L. DAY & CO.,
GOLD BONDS.
6 %
Full particulars with Special Circular on
Application.
PRICE TO NET 6#.
4 0 W a te r Street, Boston.
7 Nassau Street, New Y o r k .
C. H. W H I T E
PUBLIC SECURITIES
&
CO.*
BANKERS,
SU ITA B LE FOR
3 1 N A S SA U S T ., N E W Y O R K .
Farson, Leach & Co.,
C H IC A G O ,
1 0 0 Dearborn S t.
NEW Y O R K ,
2 W a ll S t.
BANKERS
H IG H -G R A D E
State, Municipal, County, School
BONDS.
Legal investments fo r Savings Banks in New York
and all New England.
Kudolph Kleybolte & Oo.,
B A N K E R S ,
D E A LER S IN
I N V E S T M E N T BONDS,
W H ÁNN& SCHLESINGER
Cincinnati.
Philadelphia.
L IS T S M A IL E D UPON A P P L IC A T IO N ^
Members o f Boston Stock Exchange.
No. 7 Congress and 81 State Streets,
3 5 and 3 7 Nassau Street, New Y o r k .
M UNICIPAL BONDS.
BOSTON’
M U N IC IP A L B O N D S .
E. C . S T A N W C O D & C o ."
BANKERS,
SYRACUSE
RjAPJD T R A N S I T
R A IL W A Y
BONDS
2 WALL
STREET,
NEW
YORK.
Blodget, Merritt Sc Co.,
Bought and Sold.
BANKERS
E D W A R D C . J O N E S CO.
16 C o n gre ss Street, Boston.
N EW YO RK ,
P H IL A D E L P H IA
-
1 NASSAU STREET,
CINCINNATI.
121 Devonshire Street,
BO STO N .
„
STATE, CITY & RAILROAD RONDS
B U Y AND S E L L
TEXAS
M U N IC IP A L BO N D S..
BAN K STO C KS.
R. N. MEN EPEE & CO., BANKERS*
CHARLES W. ROSENBERGER,
1 8 W a ll Street, New Y o r k .
THE CHRONICLE
F ebruary 26, 1898,]
IN D E X
TO STA T E
D EPARTM ENT-CO N CLU DED.
South Bend, W ash............. 219 Ventura Co.,Santa Paula
R oberts Co., S. D ..........> 3 0 ,»
253
Koh. Dist., C al......... .
Rochester, N. Y. 101, 252,
353 Sonth Boston, Va.............. 354
303
48 South Carolina............ 300, 692 Vicksburg, Miss........ 161,
R ock Co., Minn................
150 Vincennes, In d ............... 3 0 5
R ockville, In d ................
394 South Hadley, Mass..
151
R ockw ood, Tenn.............
101 South Omaha, Neb____ 49. 101 V inton, l a ........................
Virginia.............................
392
South Omaha Sch. Dist.,
R om e Sch. Dist. No. 1,
Neb..................................
202
N. Y...........................202, 303
altham, Mass. .203,
3«2
Roseburg Sch. Dis., Ore.
363 South River, N. J ...........
v
v
253,
803
Sparta, M ich.....................
303
R um ford. Me......... 3 5 6
395
Spokane. W ash........ 150, ' 202 Ware, M ass............... 253,
Rutland, V t ..........
354
Springfield, Mass. ...203,
262 W arren Co., K y ............... 3 0 5
895
150 Warren C o.,M iss....161,
acramento Co., Cal___
303 SDringfleld. Ohio........49,
198
252 W arrensburg, M o...........
aginaw. Mich. . .101,
354 Stafford, V a ...................
1»8 Warrensburg Sch. Dist.,
Stanley Co.. N. C.............
St. Charles School Dis
148
M o...................................
150
trict No. 5. Ill
202 Stepbens Co., T e x ..........
300
354 W ashington.............. 148,
St. Cloud. M inn......... 150. 202 Sterling, Col...............
Washington Co., W is___
354
St. George. S. C ...............
202 Stevens Co. School Dist.
253
No. 53. W ash................
49 W aterbury, C onn— •5 1,
St. Johnsville, N. Y ........
252
395
Stevens Point, W is........
150 W atertown, N. Y ... 303,
St. Joseph School Dis
102
49 Waukegan, 111.....— 49,
trict, M o-.160, 252, 300
303 Stonewall Co., T e x ..
80S
2 6 ' W aukegan, W is........
St. Louis, M o...................
303 Suffolk. V a .................203,
198
198 W axahachie, T e x ___97,
St. Marys, Ohio...........252, 364 Sullivan Co.. M o.............
351 W aycross, Ga
............
354
St. Marvs Twp., Kan...... 35*1 Superior. W is ...97,101,
354
394 W ayne Co., M ich ....151,
St. Paul. M inn...........202. 300 Sussex Co., V a........ .......
148
Sweet Grass Co., M ont..
252 W ebb City. M o ................
St. Paul School District,
198
252 W ebb, N. Y .......................
Minn.......
150 Sycamore, O h io...............
*54
854 W ellington, Ohio .. .
Salem Sch. Dist., S. D ___
48 Syracuse, N. Y. .150, 203,
W estbrook. M e............... 3 0 6
97
Salina. Kan......................
203
.... .101,
203 W estchest er Co.. N. Y ...
Saline. Co.. Kan
........
202 nnampa, Fla.
W estfield, M ass.2 '8, 254,' S95
Salisbury City, M o..........
198 jL arrytown School Dis
trict. N. V .....................
102 W est H artford, Conn.,
San Diego, Cal...........
101
203,
809
Taunton. Mass................
49
San Jacinto & Pleasant
151
208 W est Liberty, l a — . . . .
V alley Irrig. Dist., Cal.
101 Tazewell, V a ............. 150,
395
252 W estm oreland Kan......
San Luis Obispo Co., Cal.
2 19 T e n n e s s e e ..........97,102,
151
854 W est Orange. N. J ..........
San Mateo Co., Cal.........
303 Terre Haute, In d ...............
203
249 W est Soringfleld, Mass..
Santa Ana, Cal................
150 T exas.................................
Thurston Co., W ash. ..
■'•92 W est Tampa. F la ...........
895
Santa Clara Co., Gilroy
W hatcom . W ash......
249
394
Sch. Dist., Cal...............
202 Tiffin. O h io......................
209
354 W ichita, K an........... 102.
Santa Rosa. Cal..............
97 Tippecanoe City. Ohio...
T oledo, O h io.......97,148,
W iehle, V a .......................
392
Sault Ste. Marie, Mich.,
252, 303, 392,
395 W ilkes Barre. P a ...........
396
101,150.
394
254
T oledo Sch. D is t.,0 .. 150,
2^2 Wilklnsburg.Pa.102, 151,
Schenectady, N. Y..20V.
303 Williamsport. P a ..........
151
354,
394 Tonawauda, N. Y ___253,
308
395 W inchester, Tnd.............
Schoolcraft, M ich__ 202,
252 Topeka, K a n ..............»02,
203
Scotts Bluff Co., Neh ...
308 T oron to, C an............. 102, v53 W infield, Kan........... 148,
Seattle. W ash .............97,
351 Trenton, M o.....................
150 W mningham Sch. D is t.,
V a.....................25i, 303.
396
3 3
Sedgwick, Co.. K a n .. .48,
252 Troy, Ohio........... 48,263.
W inona, Mass..................
396
Seneca Falls. N. Y ..........
392 Tulare Co., A lta Irrig.
251
Dist., Cal................... 97,
30d W oodbury Co., Iowa......
Sevier Co., T e n n ....... 150.
396
262,
394 Turtle Creek. Pa............. 5 5 6 W orcester Co.. Mass......
203
W
orcester,
Mass.............
Seward Co., N eb........ ....
303
102 W orth Co., M o................ 3 0 5
Shawnee, o k la ........... ..
394 TTintahC o., Utah ........
395
Sheboygan, W is........... .48, 252 U lster Co., N. Y ... .253,
102
354 ^j^enia, Ohio...... ..........
Shelby Co., O h io.49.101,
150 Unadilla, Ga...............151,
203
Shelby, 0 .......................... 3 0 5 Union Co., S. D................
354 V ankton. S D .. ..102, 3 0 5
Shiawassee Co , M ich ....
262 Utica, N. Y ........ 203, 253,
* avapai Co., A r iz ...97,
198
Shoshone Co., Idaho......
249
354
Tailsburg, N. J .............
151 Yonkers. N. Y . . . 151, 254,
303
Sidney, Ohio.....................
v an Buren, M o.............
97 Youngstown, 0 ..4 9 , 254,
Sing Sing, N. Y ............150, 394
303,
35 5
Souderton. P a ............. 208, 252 Van W ert Co., O h io......
263
201
alatine, HI...................
M ount Morris, N. Y ........ 1 0 2
M ount V ernon, N. Y..149,
302
aola Citv, K an............ 3 5 6
Mount V ernon, O... .353,
394 Paris, K y ........... ) ............ 8 4s
100
Multnomah Co., Ore......
97 Parnassus, Pa..................
302
Muscatine, l a ............198,
249 Parsons, Kan. (see Kan.)
303
Muskegon, M ich.............
251 Pascoag. R. 1............. 201,
Paterson, N. J ................
394
150
■VTapoleon, O hio...........
353 Paulding Co., O h io ..100,
1 ” ashville. Tenn...........
150 Payne Co.. Okla...............
100
48
Neenah. W is ....................
99 Pearl R iver Co., M iss—
148
Neodesha, K an__ 99,251
302 Pekin. I ll....................100,
394 Pennsylvania State N or
N eola, la ...
. ................
Newark, N. J ................ ..
251
mal School....................
48
394
New Bedford, Mass. .302,
894 Peoria, i l l ..........48. 252,
New Britain, Conn..........
200 Perry Co., Pa................... 3 0 4
100
New Brunswick, N. J ... .
251 Perth Am boy, N. J ...4 a,
353
Newhuryport, Mass........
853 Petersburg, V a ........ 303,
303
New Cumberland. Ohio.
394 Philadelphia, P a .97,252,
252
New H aven, C onn___99,
160 Platt Co., I ll...............150,
New J ersey... . . . .
251,
300 Pierce City. M o ............... 3 5 6
New M exic «(sc.« Arizona)
249 Pierce Co. School Dis
300
tricts, W ash...... ..........
New >’rleans. L a .96, 249,
.394
353
N ewport, K y........ 47, 99,
201 Pike Co., M o...............97,
Pim a Co., A riz................
48
Newport News.Va.,
48, *01, 302, 353,
394 Piqua, Ohio......................
394
252
Newport, R. 1..................
47 Pittsburg,Pa ...150.201,
351
N ewport Sch. Dist., K y..
201 Pittston, P a .....................
303
Newton, M ass... .99, 201,
251 Pleasant Ridge, O .. .201,
353
894 Pocom oke City, M d......
New Y o r k __ 99,201,251,
....
J50
New York, N. Y .. .95,201,
3<>0 Poquonock, Conn
Niles. Ohio........................
48 P ort Gibson, M iss.......... 1 5 2
48,303,
353
Normal, III.............. .. ..
252 Portland. Ore
100
Northampton Co.. P a ... 3 5 « Port o f Portland, Ore....
252
201 Portsmouth, Va........202
Northampton, M ass......
308
N orth Brookfield, Mass. 3 d 6 Prairie Depot, Ohlo..262,
Prairie Twp.. Ill............. 3 5 6
North Dakota Hospital
97
fo r th e Insane..99. 303,
353 pueblo, t.o l.......................
Pueblo Co. Sch. Dist.
North Milwaukee, W is.,
No. 20, Col..................... 3**4
150,
252
..........
300
Norton Co.. K a n .............. 3**4 Pulaski Co., Ill
Norwood, O h io .......201,
252 Punxsutawney, P a ..l0 l.
304.
391
akland, Cal..................
99
ueens Co., N. Y ..........
249
cala, Fla......................
4«
uincy, 111............. 202.
353
Ohio...................................
201
o i l City Sch. Dist., Pa. .
394
acine. W is ...150,392,
394
Oklahoma (see A rizona).
249
ahway. N. J. .150,202,
252
Olathe, K a n .....................
394
148
Olean, N. Y .......................
808 Ralls Co., M o...................
Olympia, W a s h ...........
361 Rapid City, S. D .............* 3 0 5
Hay Co. School District
Omaha, N eb .. .48, 96. 99.
No. 1. M o.......................
198
198, 249, 308, 35«,
394
Onancoclf, V a...252, 3"3,
353 Red Bank, N. J ............... 3 5 6
252
Orange, N .J . .. 100,353,
394 Red Bluff, Cal.................
J01
Oregon, M o.......................
ion Rensselaer Co., N. Y ......
303
Ortonville. Minn. .. 201,
353 Rich Co., Utah...........
96
Osage City, K an.
303 Richm ond Co., N. Y ......
300
Oshkosh, W is... 147, 252,
353 R ichm ond. Ind ...96,148,
150
Ottawa Co., Ohio.............
100 Riley Co., K a n ...............
249
Ottawa, O hio..................
100 Roanoke, V a ............. 150,
P
O
AND C IT Y
441
S
Q
R
M IS C E L L A N E O U S .
IN V E S T M E N T S .
M A S O N , L E W IS & CO.,
1850.
6 7 M ilk Street. Boston.
171 hit Salle Street, Chicago,
IN T H E C IT Y OF N E W Y O R K .
A ll policies now issued by this Company
contain the following clauses :
‘ A fter one year from the date of issue,
the liability of the Company under this
policy shall not be disputed.”
“ T his policy contains no restriction
w hatever upon the insured. In respect
either of travel, residence or occupation.”
A ll Death Claims paid W IT H O U T DU*.
COUNT as soon as satisfactory proofs hav«
been received.
OFFER FOR SALE
Stow e, V t........................................................ 4s
^ndalia, M o......................................................4M*
Trinidad, Col. (Gold)...................................... 5s
L ak e County. Ind............................................ 5s
South Omaha, N eb.................................... ....5 s
Momence. III...................................................... 5s
Bangor & Aroostook R R . First Mori g.. .5s
The Akron Gas Co,. Akron, O ., 1st M tg.hs
W. J. Hayes & Sons,
BANKERS,
D E A L E R S IN M U N IC IP A L B O N D S ,
Street Railway Bonds, and other high-grade in
vestments.
BOSTON, MASS.,
Cleveland, Ohio.
7 Exchange Place.
3 1 1 -3 1 3 Superior St.
Cable Address. "K E N N E T H .”
William E. Nichols,
15 W A L L STREET.
-
Active and Successful Agents, wishing to
represent this Com pany, m a y com m uni
cate with the President, at the H om e
Office, 2 6 1 B roadway, New York.
NEW YO R K .
J. Spencer Turner,
L SUCCESSOR TO
COTTON SAIL DUCK
4 1 W a ll S t., N . Y .
A N D A L L K IN D S OF
Municipal
Descriptive Circulars on Application.
M IL E S N O R F O L K TO OCEAN V IE W
'I fr A N D A R D GAUGW, ELECTRIC P O W E R .Special Commissioners’ sale o f th e N orfolk & Ocean
View Railroad, its Property and franchises, includ
ing the Ocean View H otel Property. .. ~
Pursuant to a decree o f the Circuit Court o f the
United States for the Eastern District o f > Irginia
we shall sell at Public A uction in front o f the Cus
tom House, Norfolk, Vitginla, on W ednesday the
28d day o f March, 1898, at ¡2 o ’clock M., the above
referred to property.
,
w w r>T r.
For further inform ation apply to W . W . OLD,
C A LD W E LL H A R D
pecial Commissioner
Norfolk, Va.
_
of
charleston
.
,
C H A R L E S T O N , SO. C A R .
^
C A P IT A L ..............................................................Im n’ooft
SU R PLU S.......................................... •••• .......$100,000
COTTON CAN VAS FE LTIN G DUCK
CAR COVERING BAGGING,
RAVENS DUCK, SAIL TW IN E , &C.,
POPE “ A W N IN G ’ 8TRIPB8.
San k and T ru st Com panyStocks
New Y ork and Brooklyn
BOUGHT AND SOLD.
CLINTON G ILBERT
vt W A L L
S T ..
NEW
YORK.
BANKERS,
18
W ALL
STREET,
NEW
YORK.
Established 1 8 6 5 .
MEMBERS OF NEW YORK STOCK EXCHANGE
A llow interest on deposits subject to sight check
Buy and sell on commission stocks and hona» aim er
for cash or on margin, and deal in
Investment Securities.
II. J . M o r s e . C h a s
D. M
a r v in
,
w
m
K
id d e r
S E C U R E BANK. V A U L T S ,
AG EN T
UNITED S T A T E S BUN TIN G CO.
A full supply all Widths and Colors, alwav» in
stock
1 0 6 Duane Street, New Y o r k .
WM. FRANKLIN HALL,
Accountant
Exchange Building,
L I State Street,
■„
N A TIO N A L BAN KIN G ASSOCIATION,
Makes CABLE TRANSFERS of money
to England and the Continent.
These facilities are obtainable at all
»tficen of the Company.
G E OR GE H . B U R F O R D .................Preelaeni
M ANU FACTU RER AND D E A LER IN
D
Draws FOREIGN DRAFTS in Sterling,
Francs, Marks, and Money Orders,
on all parts of the Commercial World.
C. P. F R A L E IG H .............................................Secretary
A. W H E E L W R IG H T ..................Assistant Secretary
W ILLIAM T. STAN DEN ................................ Actuary
A R T H U R C. P E R R Y ........................................ Cashier
JOHN P. MUNN.................................Medical Director
B r in c k e r h o f t , T u r n e r & C o .,
h a n k
65 BROADWAY, N. Y.
F IN AN CE COMM ITTEE:
LISTS.
BONDS
Capital, $18,000,000.
Issues TRAVELERS CHEQUES imme
diately available as funds everywhere.
O FFICERS:
J
Railroad
\m erican t x p r e s s C o.
Sstablished 1841.
GEO. G. W ILL IA M S ............. Pres. Chem. Nat. Bank
JOHN J. TU CK ER ............................................. Builder
B? H . PERKINS, JR., Pres. Imp. & Traders’ Nat. Bk
JAMES R. P L U M ............................................Leather
M U N IC IP A L W A R R A N T S .
SEND FOR
1898.
The United States Life
Insurance Co.
BANK ER S.
BOSTON, MASS«,
Examinations and investigations
awaducted ani a the utmost care and efficiency.
Books audited,
GENUINE
WELDED CHROME STEEL AND IRON
Round and Flat Bars and 5-plvPlates aDd Angles
FOR SAFES, V AU LTS, &c.
,
Cannot he Sawed, Cut or Drilled, and positively
Burglar P roof.
, CH R O M E ST E E L W O R K S ,
Kent A ve„ Keap & Hooper Sts.
Sole Man’f ’ersJn the U. S. B R O O K L Y N , N . Y
442
THE CHRONICLE
[V ol, LXVI.
%xnst ©xrmjyatxijes.
Union Trust Company United States Trust Co.
OF N E W Y O R K .
N os. 4 6 & 4 7 W A L L S T R E E T .
80 Broadway, New York.
C A P IT A L AND SU R P LU S,
C A P IT A IL ,
$ 1 ,0 0 0 ,0 0 0
SU R PLU S,
$ 6 ,2 1 8 ,0 0 0
A U T H O R IZ E D TO ACT A S
^Executor, Administrator, Guardian,
Receiver or Trustee,
A N D IS
A LEGAL DEPOSITORY FOR MONEY.
ACTS AS TRUSTEE OP MORTGAGES OK
CORPORATIONS and accepts the transfer agency
and registry o f stocks.
ALLOW S IN TEREST ON DEPOSITS, which may
be made at any time, and withdrawn on five days’
notice, with interest for the whole time they remain
with the company.
For the convenience o f depositors this company
also opens CURRENT ACCOUNTS, subject, in ac
cordance with its rules, to check at sight, and allows
interest upon the resulting daily balances. Such
«hecks pass through the Clearing House.
Attends specially to the
MANAGEMENT OF RE AL ESTATE
and to the collection and remittance o f rents.
It makes ample provision in its
BURGLAR AN D FIR E PROOF FAULTS
for the safe-keeping o f securities placed in its cus
tody, on which it collects and remits income.
E D W A R D KING, President.
CORNELIUS D. WOOD.
i
JAM ES H. OGILVTE,
>Vice-Presidents.
AUGUSTUS W . K E LLE Y , 1
J. V. B. T H A Y E R , Secretary.
B. R. M E RRITT, Assistant Secretary.
C. C. RAW LINGS. Trust Officer.
New York Security &
Trust Company,
4«
W ALL
STREET,
NEW
YORK,
Capital, $ 1 ,0 0 0 ,0 0 0 I Surplus, $ 1 ,5 0 0 ,0 0 0
CHARLES S. FAIRC H ILD , President.
WM. L. STRONG, 1st Vice-Pres.
A B R A M M. H Y A T T , 2d Vice-Pres.
OSBORN W . BRIG HT, Secretary.
ZE L A H V A N LOAN. Asst. Secretary,
Authorised to act as executor, trustee, administra
tor, guardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
interest. A legal depository for courtandtrustfunds.
A designated depository fo r the reserve o f State
banks. Accounts o f banks and bankers solicited
C. S. Fairchild,
W. H. Appleton,
Wm. L. Strong,
W. F. Buckley,
H. G. Nelson,
Edward Uhl.
Edmund D.
TRUSTEES,
M. C. D. Borden,
B. Aym ar Sands,
James J. Hill,
E. N. Gibbs,
F. R. Cbudert,
.Tames Stillman
Randolph, Frank
James A . Biair,
J.G. McCullough.
H. Hoagland,
J. W . Sterling,
H . W alter W ebb,
John A. McCall.
W . Stearns.
Rhode Island Hospital
Trust Company,
P R O V I D E N C E , JR. I .
C a p ital...$ 1 ,0 0 0 ,0 0 0 I Surplus....$ 7 5 0 ,0 0 *
DIRECTORS,
Christopher Lippitt. Horatio-N. Campbe i
Royal C. Taft,
,
R «bert Knight,
Robt. H. I. Goddard, John W . Danielson
Geo. W . R. Matteson, Herbert J . Wells.
William D. Ely.
John C. Pegram,
Robert I. Gammell,
Lyman B. Goff,
W illiam Binney,
Eugene W . Mason
William B. W eeden, Geo. Gordon King
Rowland Hazard,
Rowland G. Hazard
Edward D. Pearce,
Lucian Sharpe.
H E RBERT J. W ELLS. SAM’L R. DORRANCB
President.
Vice-Presid* t.
E D W AR D S. C LAR K ,
W M. A . GAM W ELI.
Secretary
Assistant Sec»*«*--''-*.
The Union Trust Co.
715-717-719 Ch e s t n u t St r e e t
P H I L A D E L P H I A , P>.
Incorporated 1882.
C A P IT A L ,
-
$ 1 ,0 0 0 ,0 0 0
Transacts a General Trust and Safe Deposit Business
A cts as Transfer Agent, Registrar and Trustees
under corporation mortgage«
Collects and Remits Incom e at Reasonable Rates.
Solicits A ccounts o f Bankers and others.
Interest Allowed on Deposits.
President,
Vice-Presidem
J. SIMPSON A FR IC A . THOMAS R. P a t t o n
2d Vice-President, GEORGE A . FLETCH ER.
Treasurer and Secretary.
Trust Office»
R ICH A RD S. E DW ARDS. PERCY B. METZGER
DIRECTORS.
J. S. A frica,
Joseph I. Keefe, Thos. R. Patton,
Edward Bailey, Chas. A . Lagen, Edw. L. Perkins,
Geo. A . Fletcher, John P.McGrath, W m. C. Stoèver,
Thomas G. Hood, Francis E. Bond, J. W . Suppléé,
W m . B. Irvine, . Q&car r . Meyers, Joseph Thomas
$ 1 1 ,8 0 0 ,0 0 0 .
This Company is a legal depository fo r moneys
paid into Court, and is authorized to act as Guardian,
Trustee or Executor.
IN T E R E S T A L L O W E D
ON D E P O SIT S
which may he made at any tim e and withdrawn
after five days’ notice, and will be entitled to inter
est for the whole tim e they may remain with the
Company.
Executors, Administrators, or Trustees o f Estates,
Religious and Benevolent Institutions, and individ
uals, will find this Company a convenient depository
for money
JOHN A . S TEW A RT, President,
D. W ILLIS JAMES, Vice-President,
JAMES S. CLARK, 2d Vice-President.
H E N R Y L. TH ORNELL. Secretary,
LOUIS G. H AM PTON, Assist. $ec’y.
TRUSTEES:
Samuel Sloan,
Charles S. Smith, W . W ald. Astor,
D. W illis James, W m . Rockefeller,Jam es Stillman,
John A . Stewart, A lexander E. Orr.John Claflln,
J. H. Rhoades, W m. H. Macy, Jr.John J. Phelps,
Anson P. Stokes,W m . D. Sloane. Daniel Lord,
John C. Brown, G. H . Schwab,
John S. Kennedy,
Edward Cooper, Frank Lyman,
D. O. Mills,
W. B. Cutting,
Geo. F . V ictor, > Lewis C. Ledyard
AM ERICAN LOAN
-A N D —
TRU ST
COM PANY,
B O S T O N , M ASS.
$ 1,000,000
C A P IT A L ,
S U R P L US,
5 0 0 ,0 0 0
A legal depository o f moneys paid into Court and
for Administrators, Executors, Guardians
Trustees.
INTEREST A LLO W ED ON DEPOSITS.
Trustees under Mortgages, Transfer Agents and
Registrars o f Stock.
BOARD OF DIRECTORS.
Chas. Francis Adams. 2d. Samuel Little,
Oakes A. Ames,
S. B. Peabody,
Edwin F. Atkins,
Francis Peabody
Isaac T. Burr,
A lbert A . Pope,
Samuel Carr,
N. w. R ice,
F. Gordon Dexter,
R. H. Robbins.
David P. Kimball
W . B. Thomas,
3. KNDICOTT PEABODY, President.
N. W. JORDAN. Actuary,
B. A . COFFIN Treasurel
OLD COLONY
CON TIN EN TAL
TRUST COMPANY.
B O S T O N , M ASS.
TRUST COMPANY,
OF T H E C I T Y
OF
NEW
YORK.
30 B R O A D S T R E E T .
C A P IT A L ..................................$ 5 0 0 ,0 0 0
S U R P L U S ............. ............ .
3 5 0 ,0 0 0
OTTO T. B A N N A R D .....................................President
W ILLIAM A L E X A N D E R 8 M IT H ...lst V ice Pres’t
GORDON M A C D O N A L D ...2d Vice-Pres’t and Sec’y
H E N R Y E. D A B O L L ............A s s is ta n t Secretary
Designated by the Supreme Court a* a
Depositary for Court M oney«,
Interest allow ed on Deposits.
Executes a ll T rusts.
TRUSTEES
William Jay,
Giraud Foster.
Alfred M. H oyt,
Gordon Macdonald,
R udolf E. F. Flinsch,
Gordon Norrie,
Robert S. H olt,
A . Lanfear Norrie,
Oliver Harriman, Jr.,
William F. Cochran,
Wm. Alexander Smith, W alter Jennings,
Robert Olyphant,
William A . Hazard
W . Seward W ebb,
Frank H . P latt
Otto T. Bannard.
Trenor L. Park,
Robert W . DeForest.
Oswald Sanderson.
T he
S ta te
100
C A P IT A L ,
$ 1 ,0 0 0 ,0 0 0
SURPLU S,
1 , 0 0 0 ,0 0 0
Transacts a General Banking Business.
ALLOW S INTEREST ON D A I L Y B ALAN CES SUBJECT
-TO CHECK
»
TRUSTEE U N D E R M ORTGAGES. T R A N SF E R AGEN T
R E G IS T R A R
B OARD OF D IR E C T O R S:
T. Jefferson Coolidge, Jr., President.
Oliver Ames,
W alter Hunnewell
C. W . Am ory,
Samuel Carr,
B. P. Cheney,
Geo. V. L. Meyer,
T. Jefferson Coolidge,
Laurence Minot,
Chas. E. Costing,
Richard Olney,
Geo. F. Fabyan,
H enry R. Reed.
Geo. P. Gardner,
Nathaniel Thayer,
H enry S. H owe,
Stephen M. W eld.
H enry C. W eston.
T . Jefferson Coolidge , Jr ., President.
C. S. T uckerman , Vice-Pres’t and Treat.
Geo. p . Ga r d n e r , Gordon A bbott ,
Francis R. H a r t , Vice-Presid
E. A. P h ippen , Secretary and Ass’t Treat.
Joseph G. Stearns , Ass’t Secretary.
T rust C o .
Maryland Trust Co.,
BROADW AY.
C a p ita l a n d S u r p lu s ,
-
$ 1 ,8 0 0 ,0 0 0
Acts as Trustee, R egistrar, Transfer and
Fiscal Agent of Corporations, and as E x
ecutor, Adm inistrator, Trustee, Guardian
and Committee of Estates. L egal Deposi
tory for Court and Trust Funds. Takes
full charge o f R eal and Personal Estates.
Interest allow ed on Deposits.
FRANCIS S. BANGS, President.
W M . A . NASH, Vice-President.
M AURICE 8. DECKER, Secretary.
H. M. F RANCIS, Treasurer
.
H . B. B E R R Y, Trust Officer.
TRUSTEES.
Willis S. Paine,
Forrest H . Parker,
Henry H . Cook,
Charles Scribner,
W alter S. Johnston, Charles L. Tiffany,
Joseph N, Hallock.
George W . W hite,
Edwin A . McAlpin,
Perclval Knauth,
Andrew Mills,
Francis 8. Bangs,
William A . Nash,
Francis Lynde Stetson
Geo. Foster Peabody, Thomas A. McIntyre.
J. D. Probst,
Edward E. Poor.
H enry Steers,
Anson G. McCook,
George W . Quintard R . A. C. Smith,
Thos. F. Ryan.
,
CORN ER SO U T H AND G E R M A N S T S,
B A L T IM O R E .
C A P IT A L , $ 1 ,0 0 0 ,0 0 0
A
LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
Acts as Financial A gent for States, Cities Towns«
Railroads and other Corporations. Transacts a gen «
eral trust business. Lends m oney on approved se eurlty. Allows Interest on special deposits. A ct!
as Trustee under Mortgages, Assignments and
Deeds o f Trust, as A gent fo r the Transfer or Regis
tration o f Stocks and Bonds, and fo r the payment of
coupons interest and dividends.
I. W ILLCOX BROWN. President.
LLOYD L. JACKSON, First Vice-President
H EN RY J. BOWDOIN, Second Vice-President*
3. B ERN ARD SCOTT, Secy. & Treas.
DIRECTORS:
W m . A.Marburg,[Lloyd L.Jackson,[JoshuaLevering,
Frank Brown,
H. A. Parr,
James Bono,
A lex. Brown,
Clayton C. Hall, J. D. Baker,
H . J. Bowdoin, J. W ilcox Brown, John B. Garrett,
Leopold Strouse, B. N. Baker,
F. M. Thieriot,
Basil B. Gordon, Fred’k W. W ood, G. A .von L ingen ,
H enry Walters, Andrew D.Jones Jos. E. Willard,
W . B. Brooks,Jr., W .H. Baldwin,jrJJ. A . Tompkins .
GUABDIAN
Missouri Kansas & Texas
Trust & Deposit Comuanv,
Trust Co.,
SECURITY
B A L TIM O R E .
General Banking and Trust Business. Becomes
Trustee under Mortgages or Deeds o f Trust. Finan
cial or Transfer A gent fo r States, Cities or Corpora
tions, etc., etc. Pays interest on Deposits.
E D W A R D S TAB LE R, J r ., President.
W M . M. BYRN, Secretary and Treasurer.
D A N IE L M ILLE R , JON. K. T A YL O R ,Yice-P res’ts.
Executive Com m ittee: W m. H. Bosley (John S.
Gittings & Co.), Chairman; George B. Baker, H enry
C. Matthews, Jobn L. Blake, Francis A . W hite, Matt.
C. Fenton, Lewis A . Gusdorff.
Metropolitan Trust Co.
O f th e City o f New York.
3 7 and 3 9 W a ll Street, New Y o r k .
Paid-up capital..............................$ 1 ,0 0 0 ,0 0 0
Surplus.............................................. 1 ,0 0 0 ,0 0 a
Designated as a legal depositary by order o f
Supreme Court. R eceive deposits o f m oney on in
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
B ra yton lves, President. Fred’k D. Tappen.V.-Pres.
C. M. Jesup, 2d V .-Pres. Beverly Chew, Secretary.
Raymond J. Chatry. Assistant Secretary
7th and W yandotte S ts., K an sa s City, M o.
1 Nassau S t., N .Y .. 4 0 0 Chestnut $ t.,P h iIa .
1 0 4 W ashington $ t „ Boston.
Singel 2 3 8 , Amsterdam, H olland.
Dorotheen-Strasse 5 4 Berlin, Germany.
3 1 Lombard Street, London, England.
Sandthorqual 8 ,” Hamburg, Ger.
1 5 R ue du Louvre, Paris, France.
Capital...... v „ . . v ;. v . . . „
............$1,1250,000
Surplus and Undivided Profits.. 1,1250,000
A R T H U R E. STIL W E LL. President.
Vice-Presidents: J. McD. Trimble, E. L. Martin
W. 8. Taylor, Jacques T. Nolthenlus.
A. C. Robinson, Secretary; W m. 8. Taylor, Treas.
urer; Frank B. W ilcox, Assistant Treasurer: J, J .
Cairnes, Assistant Secretary; E- S. Mosher. A sst.
Secretary; Nath’l Norton, Ass’t Secretary; Trim ble
& Braley, General Attorneys.
Executes a General Trust Business.
A cts as Trustee, Transfer Agent or R e gfstrar for Corporations.
Acts as Executor, Adm inistrator, Guardi» »
or Trustee o f Estates.
Collects W estern M ortgages,
T ak es charge o f properties, collecting
Rents, paying taxes, etc., for
pastern Investors-,
■
THE
Í'ÉBKÜÁBV 26, 1898.]
CHRONICLE.
IX
I g w c s t C u m jr a t x i je s .
Guaranty T rustCo.
of New York,
C°L°NIALTr VST 0MPANY
2 2 0 . BR9ADV/AY
SU RPLU S,
• * •
- $ 2 , 000,000
■ / • • •
$ 2 ,5 0 0 ,0 0 0
ACTS A S TR U STE E FO R CORPORATIONS
FIRMS. A N D IN D IV ID U A L S , A S G U A RD IAN ,
EXECUTOR, A N D ADM IN ISTR A TOR , TAKES
E N T IR E CHARGE OF R E A L A N D PE R SONAL ESTATES.
in t e r e s t
allow ed
on
d e p o s it s
subject to cheque or on certificate.
S T E R L I N G D R A F T S ON A LL P A R T S OF
G REAT
BRITAIN
BOUGHT AND
SOLD.
COLLECTIONS MADE.
TRAV E LLER S’ LETTERS OF CREDIT AVAILABLE IN A LL PARTS OF TH E W ORLD, AND
COMMERCIAL LETTERS OF CREDIT ISSUED.
■WALTER G. OAKM AN, President.
A D R IA N I SEL IN , J r ., Vice-President.
GEORGE R. TU RN BU LL, 2d Vice-President.
H E N R Y A. M U RRAY. Treas. and Sec.
J. NELSON BORLAND, Asst. Treas. and Sec.
JOHN GAU LT, Manager Foreign Dept. <
DIRECTORS.
Samuel D. Babcock,
Charles R. Henderson,
George F. Baker,
A drian Iselin, Jr.,
George S. Bowdoln,
Augustus D. Ju llliard ,
August Belmont,
James N. Jarvie,
Frederic Cromwell,
R ichard A . McCurdy,
Walter R. Gillette.
A lexander E. Orr,
Robert Goelet,
Walter G. Oakman,
G. G. Haven,
Henry H. Rogers,
O liver Harriman,
H. McK. Twom bly,
E . Somers Hayes,
Frederick W. Vanderbilt^
W illiam G. Whitney.
LO N D O N B R A N C H ,
S3 LOMBARD STREET, E. C.
F. N k v i l l J a c k s o n , S e c r e t a r y .
Buys and sells exchange on the principal
cities o f the world, collects dividends and cou
pons without charge, issues travellers’ and com
mercial letters o f credit, receives and pays
Interest on deposits subject to cheque at sight or
on notice, lends money on1 collaterals, deals in
American and other investment securities, and
offers its services as correspondent and financial
agent to corporations, bankers and merchants.
AIEW Y 9 R * .
CAPITAL AND SURPLUS $1,500,000.
NASSAU, CORNER CEDAR STREET.
CA PITA L» ' * « •
TRANSACTS A GENERAL TRUST BUSINESS.
Acts as Executor, Administrator, Guar
dian, Committee, Trustee, Receiver, As
signee, Registrar, Transfer and Fiscal
Agent. »
PAYS INTEREST ON DAILY BALANCES.
Subjeot to check, payable at sight or
through the New York Clearing-house
and on Certificates o f Deposit.
TAKES ENTIRE CHARGE OF REAL ESTATE.
Loans Money on Bond and Mortgage.
ACTS A S T R U ST E E F O R R A IL R O A D AND
O T H E R M O R T G A G E S.
TRANSACTS A GENERAL BANKING BUSINESS.
Solicitors,
FRESHFIELDS AND W ILLIAM S, i
London Committee,
ARTHUR JOHN F R A S E R , C h a i r m a n .
DONALD C. HALDEMAN.
U n it e d
S ta te s
& S r usiner,
5 9 CEDAR STREET, N E W Y O R K .
C A P IT A L
...................... $ 2 ,0 0 0 ,0 0 0 .
S U R P L U S ................. ...................... 1 ,2 5 0 ,0 0 0 .
T R U ST E E S.
Henry O. Havemeyer
Cord Meyer,
Roswell P. Flower,
Perry Belmont,
Low ell M. Palmer,
W m . T. W ar dwell,
John E. Borne,
Chas. C. Dickinson,
Richard Delafleld,
Henry N. W hitney,
Daniel O’Day,
Theo. W . Myers,
Percival Kühne,
L. C. Dessar,
Frank Curtiss,
Geo. W arren Smith,
Vernon H. Brown,
John S. Dickerson,
Seth M. Milliken,
Geo. W . Quintard,
' W. Seward W ebb.
The
EquitableTrustCompany
C A P IT A L , PAID U P, - - - - $500,000
S U R P LU S - - - - - ------------ 125,000
AUTH O RIZED B Y L A W TO RECEIVE and ex
ecute trusts o f every character from courts, corpora
tions and individuals. Takes entire charge o f estates,
real and personal. A cts as agent fo r the registra
tion and transfer o f bonds and stocks and the pay
ment o f coupons, interest and dividends. A legal
depository for court and trust funds.
IN TEREST A LLO W ED ON DEPOSITS o f money
which may be made at anytim e and withdrawn after
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets o f the
company.
DIRECTORS
CHAS. H. H ULBURD
A Z E L F. H A TC H ,
GEORGE T. SMITH,
GEO. F. JENNINGS,
M
AURICE ROSENFELD
J. R . W A LSH ,
SAM UEL D. W A R D ,
OTTO YOUNG.
OFFICERS.
J. R. W A L S H , President.
CHAS. H . H U LBU RD, Vice-President.
LY M AN A . W ALTO N , Secy, and Treas.
C. D. ORGAN Cashier.
Transacts a General T rust Business.
Acts as Trustee, R egistrar, and Transfer
A g e n t; Executor, Guardian, Adm inistrator, &C. T akes entire charge o f R e a l and
Personal Estates. Acts as Fiscal Agent for
States, Municipalities, and Corporations.
L egal Depositary for Court and Trnst
Funds. Interest allow ed on Deposits.
Checks pass through the New Y o rk Clear
ing-House. Money loaned on bond and
mortgage. Issues F irst Mortgage Trust
Gold Bonds.
M
George W . Young..............................President
Luther BLountze......... ............Vice-President
Janies Timpsou................. 2d Vice-President
&i'.t.,!.ur Turnbull..............
Treasurer
W illiam P. E lliott.............................Secretary
Clark W illia m s.................... Asst. Treasurer
Richard M . H urd................... Asst. Secretary
JOHN I. W ATERBU RY, President.
J o h n K h a n , A m o s T. F r e n c h , Vice-Presidents.
C h a r l e s H . S m i t h , Secretary and Treasurer.
W .N .D U a n e , Ass’t Sec. N.T h a y e r R o b b , Ass’t Treas.
^
OFFICERS.
DIRECTORS.
Samuel D. Babcock,
Gustav E. Kissel,
Dumont Clarke,
Luther Kountze,
Charles D. Dickey,
Charlton T. Lewis,
W illiam P. Dixon,
Richard A. McCurdy,
David Dows, jr.,
Theodore Morford,
Robert A. Granniss,
Robert Olyphant,
G. G. Haven, jr.,
Charles M. Pratt.
Charles R. Henderson,
James Timpson,
James J. Hill,
George W . Young.
TRUST
CO.
284 F IF T H AVE N U E, COR. 27TH STREET.
Branch Office, 6 6 Broadw ay, New Y o rk .
C A P IT A L .............................. $ 1 ,0 0 0 ,0 0 0 0 »
LEGAL DEPOSITORY
F or State, City and Court Moneys.
Interest Allowed on Time Deposits.
Checks pass through N Y . Clearing-House.
A cts as Executor, Guardian or Administrator o f
Estates, and as Receiver, Registrar, Transfer and Fi
nancial agent fo r States, Railroads and Corporations.
Separate Department with
Special F acilities for Ladies
ROBERT M A C LAY. President.
CH ARLES T. B A R N E Y , Vice-President.
JOSEPH T. BROWN, 2d V ice-President
D IH E C T O R S I
Jos. S. Auerbach, Ja ' esH.Breslin. Robert Maclay,
Harry B. Hollins. 1. Town. Burden, C. L. Perkins,
Jacob Hays,
E. V . Loew,
A lfred L . W hite,
Chas. T. Barney, Henry F.Dimoek, Chas. R . Flint,
A. F. Higgins,
J. P . Townsend, Amzi L. Barber.
H enry W.T.Maii, Chas. F. W atson, Charles T. Cook.
AudrewH.Sands. |Fre’k G. Bourne, John Magee,
Henry A . Morgan.
Henry C. Berlin
F R E D ’K L. ELDRIDGE, Sec. and Treas.
J. H EN RV TOWNSEND. Assist. Secy.
A L F R E D B. M A C LAY, Asst. Treas.
OF F ICE RS.
JOHN E. BORNE, President.
ROSW ELL P. FLOW ER, Í
CHAS. C. DICKINSON, J Vice-Presidents.
JAMES W . TA PPIN , Secretary.
A R P A D S. GROSSMANN, Treasurer.
EDMUND L. JUDSON, Asst. Secretary.
PH ILIP S. BABCOCK, Trust Officer.
1 8 5 D E A R B O R N S T ., C H I C A G O .
Bankers,
BANK OF ENGLAND,
CLYDESDALE BANK, Lim ited,
N ATIONAL PROVINCIAL BAN K OF
ENGLAND, Limited,
P A R R ’ S BANK, Limited.
^O K SR BO O *
ST.PAVLBVILDIAIG.
a n h a t t a n T rvst
C om pany.
WALL STREET, comer NASSAU.
Mississippi Valley Trust
Company,
N. W. cor. 4th & Pine Sts., St. Louis, Mo.
C a p i t a l a n d S u r p l u s ........................$ 3 , 0 0 0 . 0 0 0
UNDER STATE SUPERVISION.
$ 2 0 0 , 0 0 0 d e p o s i t e d w i t h S t a t e o ffic e r t s
p ro te c t tru s t lia b ilit ie s .
A G EN ERAL TRUST COMPANY BUSINESS, j
Allows interest on Deposits. " ■
Authorized to act as Executor, Guardian. Receiver
Trustee, &c. Manages Estates. Collects Rents.
Becomes Surety on all kinds o f Court Bonds.
Has Safety Deposit Vaults ; a Savings Department
INVESTMENT SECURITIES A SPECIALTY. .
DIRECTORS
Charles Clark,
James Campbell
Chas. H . Turner, H. I. Drummond, August Gehner,
W m. F. Nolker, S. E. Hoffman,
Julius S. Walsu,
T. O’ReillyiM. D., D. W . Caruth, Williams’n Bacon
Sam.M.Kennaid, W . G. Boyd,
Breckmr’geJone*
Aug. B. Ewing
Wm.D.Ortbwein, H enry Hitchcock
Elmer B. Adams, Geo. H. Goddard, Rolla W ells. _ J
OFFICERS.
J u l i u s S. W a l s h , P r e s id e n t .
B r e c k i n r i d g e J o n e s , is t V .-P . and Counsel.
S a m u e l e . H o f f m a n , Second Vice-Pres.
D e L a c y Ch a n d l e r , S e cre ta ry .
J â m e s E . B r o c k , Asst. Secretary.
F r e d e r i c k V i e r l i n g , Trust O ffice
U N IO N T R U S T CO.,
OF
S T . L O U IS , M O .
C A P IT A L , $ 1 ,0 0 0 ,0 0 0 , F U L L P A ID .
S U R P L U S, $ 3 5 0 ,0 0 0 .
Authorized by law to ac as Executor, A dm lniatn .
tor, Guardian, Curator, Assignee and Receiver.
Takes full charge o f and manages estates,
Interest allowed on deposits^
Monev loaned on real estate and other collateral
security.
Real estate loans, in any amount, fo r sale.
Titles investigated and abstracts and certificate*
thereof furnished"
George A. Madill, Pres.
W m . Taussig, 1st V.-Pres
R. S. Brookings, 2d V .-P . B. B. Graham, 3d V.- Pres.
N. A . McMillan, Treasurer. I. Z. Smith, Secretary.
DIRECTORS:
Geo. E Leighton, E. M allinckrodt,
Geo. A . Madill.
M M Buck,
Geo. S. Myers,
Wm. Taussig,
Geo. W. Parkera
R. S. Brookings, W m. H. Lee,
J. W . Morton.
H. A. Crawford
B. B. Graham,
C. S. Greeley,
W . K. Bixby.
E.C. Sterling.
W m. E. Hughes, John Scullin,
W . M. Senter,
A. L. Shauleigh Festus J. Wade, C. Tomuktns
J { T U {f f T I C r / f U S T C O .,
39 W IL L IA M STREET, N EW YORK.
ESTABLISH ED 1887.
Capital and Surplus, $1,500,000* C a p i t a l . . . . . . . . . . . . . . . . . . . . . $ 1 ,0 0 0 ,0 0 0
Directors.
John Howard Latham,
August Belmont,
John G. Moore,
H. W . Cannon,
E. D. Randolph,
A. J. Cassatt,
Grant B. Schley,
R. J. Cross,,
James O. Sheldon,
Rudulph Ellis,
Samuel Thomas,
A m osT . French,
Edward Tuck,
John N. A. Griswold,
John I. Waterbary^
H. L. Higginson,
R . T , .Wilson.
John Kean,
DOES BAN K IN G AN D TRUST BUSINESS.
ALLOW S INTEREST.
MANAGES ESTATES
M AKES INVESTM ENTS AND COLLECTIONS.
L.V. F . Eandolph,Prest. John A lvin Yonng, Sec
TRUSTEES.
J o s e p h H . Ch a p m a n ,
L e w is Ca s s L e d y a r d ,
W m. C a r p e n d e r ,
C. d . L e v e r i c h ,
J o e l F r a n c is F r e e m a n , L e a n d e r n , L o v e l l
A n d r e w H. G r e e n ,
W . H . H. M o o b j :,
Ch a r l e s R .H e n d e r s o n , M a t t h ia s N ic o l l ,
J o h n F. H a l s t e d ,
L. V. F. R a n d o l p h ,
Cl i f f o r d A. H a n d ,
A nton A R a v en ,
W m . B. I s h a m ,
Jo h n L. R ik e r ,
w. R . T . J o n e s,
H . h . R o gers,
Ma r t in J o o st,
F r e d e r ic k St u r g e s ,
A lfred W ag staff,
THE? CHRONICLE.
X
[V ol. LXVI.
mm
mmt
(Cotton.
^ fin a n c ia l.
W OODW ARD
& STILLMAN,
MERCHANTS
COTTON
16 to 2 2 W IL L IA M
M EW
^ iw a u c ia l.
W. T. Hatch & Sons,
BANKEBS AND BROKERS,
Chas. Fairchild & Co.,
96 Broadway & 6 W all St., New York
Members o f N. Y . Stock and P roduce Exchanges.
High-Grade Investments,
Members N ew Y ork Stock
¥ O K k.
Dealers n investment stocks and bonds.
Personal attention g ven at the New York 8tock
Exchange fo r the purchase and sale on commission
o f stocks and bonds fo r cash or on margin
*29 W a l l S t r e e t , M e w Y o r k .
ST R E E T ®
Exchange .
COTTON OF A L L GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
LEHMAN, S t e r n & Co., Lim ited, New Orleans, La.
LJtHMAN-DURR Co., Montgomery, Ala.
LEHMAN
c o m m is s io n
BROS.,
m e r c h a n t s
,
Nos. 16-22 William Street,
NEW
HAVEN & STOUT,
BANKERS AND BROKERS,
F. H. Prince & Co ,
1 Nassau Street, Corner W all Street,
I N EW YO RK STOCK EXCHANGE,
Members o f -! N EW YO RK COTTON EXCHANGE,
[ CHICAGO B O A RD OF T R AD E.
YORK.
•
B O STON, MASS.
Orders executed on above Exchanges in
MEMBERS OF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
NEW YORK
BONDS, STOCKS, COTTON, CRAIN.
HIGH GRADE I N V ES TM E NT S
tftjcrtiiro.
Orders executed on the above Exchanges, as well
In New Orleans, Chicago and foreign markets
BANKERS1
Members o f New York and Boston Stock Exchanges
Henry Hentz & Co ,
C O M M IS S IO N
RIO RD AN & CO.,
M ERCH ANTS,
16 to 4 4 W illia m Street. New Y ork .
EXECUTE ORDERS FOR FU TURE D E LIVERY
C O T T O N ,
Cotton, Grain, Stocks,
A t the New York, Liverpool and New Orleans
Cotton Exchanges. A lso orders for
43 COTTON EXCH AN GE,
R. A. Lancaster & Sons,
BANKERS,
Mo. 1 0 W A L L S T R E E T ,
M EW Y O R K .
C O F F E E ,
,f NEW YORK.
At the New York Coffee Exchange, and
«H A IN
DEALERS
AN O P R O V IS IO N S ,
A t the New York Produce Exchange
and the Chicago Board o f Trade.
A. S. Van Wickle,
Hopkins, Dwight & Co., Hubbard Bros. & Co.,
BANKER,
Coffee Exchange Building,
H an over Square,
COTTON. COTTON-SEED O IL
AN T
No. 1 BROADWAY, NEW YORK.
INVESTMENT SECURITIES.
MEW YO R K .
SOUTHERN PRODUCE
C O MMI S S I O N
Em
MERCHANTS,
COTTON
Roeas 3 4 . Cotton Exchange B uilding.
M ERCHANTS.
N EW YO RK
Gustavus C. Hopkins,
Charles D. Miller.
Li v e r p o o l Co r r e s p o n d e n t s ,
F rederic Z erega & Co.
M cFadden, Z erega sk Co.
M . T . M A IN E .
W
m.
KAY.
Geo. Copeland & Co.,
CO TTO N B R O K E R S ,
1 3 9 P e a r iS t r e e t ,
M ew Y o r k .
Cotton landed at mills from Southern markets a
«specialty. Orders for future delivery contracts
executed on New York Cotton Exchange.
COMMISSION MERCHANTS.
C o t t o n , G r a in , P r o v is io n s a n d C o f f e e .
COTTON EXCHANGE BUILDING,
N EW YORK.
Pa
u l
Sc h w
arz.
G. H o w
ard
W
il s o n
.
Paul Schwarz & Co.,
COTTON COMMISSION MERCHANTS,
1 W illia m Street. New Y o rk .
M e m b e r s N e w Y o r k C o t t o n a n d C o f fe e E x c h a n g e .
LOCOMOTIVES
Richmond Locomotive &Machine W orki
COTTON COMMISSION MERCHANTS, M odernly equipped shops.
Annual capacity 3 0 0 locom otive.
Term s made satisfactory.
C o r r e s p o n d e n c e N a l ie l t .i t
Buyers o f Spot Cotton. Orders for Contracts exeoated In the New Orleans, New York, L iverpool and
Havre Markets.
G *o.
W . Ba il y .
J.
a
. Montgom
ery
Baily & Montgomery,
COMMISSION MERCHANTS,
Cotton Exchange B ldg.
NEW Y O R K ..
Fifth Avenue Hotel,
b
. W
il s o n
.
GAS W O R K S , ST R E E T R A IL W A Y S
ANO INVESTMENT SECU R ITIES.
BANKS.
NATIONAL
BANK
C A P IT A L ,
SU RPLU S,
.
.
-
.
.
.
-
.
3 1 ,0 0 0 ,0 6 0
3 4 3 0 ,0 0 0
Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention,
OFFICERS:
F. G. Big e l o w , Pres’t.
F. J, K i p p , Cashier.
W m . BiGELOW. V .-P res’t. T . E. Ca m p , A ss’t Cashier.
F. E. K r u e g e r . 2d A ss’t Cashier.
San Francisco.
The First National Bank
O F SAM F R A N C IS C O , C A L .
UNITED STATES DEPOSITARY.
Capital, 3 1 ,3 0 0 ,0 0 0 I Surplus, 3 9 3 0 ,0 0 0
3. G. M u r p h y , President, Jas . K. L ynch, Cashlei
James Moppitt, V.-Pres., J. K.Movpitt, Ast. Casi
General Banking Business. Amounts Solicit*«
M a d is o n S q u a r e , N e w Y o r k .
The largest, best appointed and most liberally
managed hotel in the city, with the m ost centra
and delightful location*
HITCHCOCK D A R LIN G & CO.
Haskins & Sells,
E xecute Orders fo r future Delivery o f Cotton,!
Certified Public Accountants,
Grain and Provisions
NO. 3 0 B B O A B ST., N E W Y O B K .
enry
O F M IL W A U K E E .
SIM PLE OR COMPOUND LOCOMOTIVES
T H E IR OW N DESIGNS OR TO SPECIFICATIONS
NEW O RLEANS, L A .
M E M P H IS, VENN
D ALLAS, TE X.
H
Emerson McMillin & Co.,
FIRST
R IC H M O N D , V IR Q IN IA .
Mason Smith & Co.,
.
DE A LER S IN
Geo. H. M°Fadden & Brov R. H. ROUNTREE & CO.,
COTTON M E R C H A N T S,
B r e m e n Co r r e s p o n d e n t s ,
e r so n m c m il l l in
4 0 W A L L HX'REKT, NEW Y O R K ,
L ib era l Advances Made on Cotton
Consignments.
Lucius Hopkins Smith,
Samuel Hopkins.
P H IL A D E L P H IA .
in
INVESTMENT and MISCELLANEOUS
SECURITIES.
S ou th ern Securities a S p ecialty.
Canal Bank,
N E W ORLEAN S, LA .
(Successor o f N. 0 . Canal & Banking Co.)
C A P IT A L , 3 1 ,0 0 0 ,0 0 0 .
. C. MORRIS, President. E D W A R D TOBY. V ice
Pres. E DGA R NOTT, Cashieil
Correspondents—National City Bank, Nationa
Bank o f Commerce, New Y ork; Boatmen’s Bank,
St L ouis; N. W . National Bank, Chicago) Mer
obants’.N ational Bank Boston
@FedFRASER