Full text of Commercial and Financial Chronicle : February 27, 1897, Vol. 64, No. 1653

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[E ntered aocording to Aot o f C oagresst in the year 1897, b y the W il l ia m B. D a n a Co m p a n y , in the offloe o f the L ibrarian o f Congress.

V O L . 64.

S A T U R D A Y ,

F E B R U A R Y

PU BLISH ED W E E K L Y .
T e r m s o f S u b s c r i p t i o n — F a y a D le i n A d v a n c e :
F or One Y ear............................................................................ $10 00
F or 8 lx M onths..........................................................................
6 00
European Subscription (Including p o sta g e )............ ......... 12 00
E uropean Subscription S ix M onths (lnolnding p o sta g e).
7 00
A nnnal Subscription In L ondon (Including p o sta g e )___ £ 2 10s.
S lx M o s .
d o.
do.
d o.
...a lio s .
The I n v e s t o r s ’ S u pplem en t w ill b e fu rn ish ed without extra charge
Co every annual su bscriber o f the Co m m erc ial and F in an cia l
O h ro nicle .
The State an d C it v S upplem en t w ill also be fu rn ished without
extra charge to every subscriber o f the C h r o n ic le .
The STREET R a il w a y S upplem ent w ill likew ise be furnished with­
o u t extra charge to e v e ry subscriber o f the C h ronicle .
The Q uotation S upplem ent , issued m onthly, will also b e furnished
without extra charge to every subscriber o f the C h r o n ic l e .
File c ov e rs are sold at 50 cents e a c h ; postage on the sam e is 18
ents. File co v e r fo r supplem ents can b e had at offloe tor 65 oents or
m ailed fo r 80 oents.
T e rm s o r A d v e r t is in g —( P e r in c h s p a c e ).
O n e tim e ......... .............. .......... $3 50 |Three M onths (13 t im e s)..$ 2 5 00
O ae M onth
(4 tim e s).. 11 00 Six M onths
(26 “
) .. 43 00
Tw o M onths
(8 “
) .. 18 00 I T w elve M onths (52 •• ) . . 58 00
(The a b ove term s fo r o n e m onth and upward are tor standing cards.)
L on d on A g en ts:
M essrs. E d w a r d s * S m i t h , 1 D rapers’ G ardens, E. C., w ill take sub
a orlptlons and ad vertisem ents, and su pply sin gle c o p ie s o f the paper
a I s . e a ch .
W I L L I l d B . D I M C O H P A N Y , P u b lis h e r s ,
P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,
F o it O r n a B B o x 958.
NEW YORK

CLEARING HOUSE RETURN'S.
The following table, made up by telegraph, etc.. Indicates
that the total bank clearings of all the clearing houses
of the United States for the week ending to-day, February 27,
nave been $799,451,953, against $956,117,489 last week and
$1,076,924,045 the corresponding week of last year. The fig­
ures for the week this year cover only five business days,
W eek Ending F ebruary 27.
1897.

1896.

P er Oent.

N e w Y o r k ............. . . . . ........
B o s to n
. . . . . . ....................
P h ila d e lp h ia ...............................
B a l t i m o r e ...........
...........
C h ic a g o
......................................
S t. L o u is
..................... ...........
N e w O rlean s ............................

$ 3 5 3 ,0 3 1 ,9 4 0
56.415,681
40,648.990
8,888.377
54,485,077
14,551,327
7,210,472

$ 5 2 8 ,0 5 0 ,2 9 7
73 .5 2 7 ,2 3 7
5 6 ,057.804
12,120,843
7 4 ,787,680
19,775,924
1 0 ,290,876

-3 3 1
-2 3 3
-2 7 * 5
—20-7
-2 7 * 1
-2 6 * 4
-2 9 -9

S e v e n c ities , 5 d a y s .........
O th e r citie s , 5 ( l a y s ...........

$535,231,864
100,721,372

$77 4,6 1 0 ,6 7 0
130 ,147,293

-3 0 * 9
—22 6

T o t il a ll c itie s , 5 d ays
A i l o ltie s , 1 d a y
....

$63 5 ,9 5 3 ,2 3 6
163,493.716

$ 9 0 1,75 7,9 63
172 ,166,082

-2 9 7
-5 0

$79 9 ,4 5 1 ,9 5 2

$ 1 ,076,921 ,045

-2 7 0

T o ta l all c it ie s f o r w e e k

..

N O . 1 ,6 5 3 .
W eek ending F e b r u a r y 20.

%hz ( C h r o n i c l e .

Cl e a r i n g s .
R eturns by Telegraph.

27, 1897.

The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday d ight.
We present below our usual detailed figures for the pre­
vious week, ooveriug the returns for the period ending with
Saturday noon, February 20, and the results for the corres­
ponding week in 1896, 1895 and 1894 are also given. Con­
trasted with the preceding week, there is an increase in the
uggregate exchanges of about eighty-two and a-half million
dollars, and at New York alone the gain is seventy-four and
a-quarter millions. In comparison with the week of 1896 the
total for the whole country shows an excess of 7 9 per cent.
Compared with the week of 1895 the current returns record
a gam of 32-5 per oent and the excess over 1894 is 8 3 ’ 1 per
cent. Outside of New York the increase over 1896 is 16’5 per
cent. The increase over 1895 readies 25-6 per cent, and
making nomparimn with 1894 the gain is seen to be 27'2 per
cent. The figuns for 1898, 1895 and 1894, however, cover
only fi ve business days.

Clearing* at—

1897.

1890

1897.
P . Cent

1895.

1894.

N ew T ors........... .
P h ila d e lp h ia ....
P itts b u r g ........... .
B a ltim o re ............
B u ffa lo.................
W a s h in g to n .......
R o ch e s te r............
S y ra cu s e..............
S cra n ton ..............
W ilm in g to n ........
B in g h a m t o n .. . .
T o ta l M id d le ..

1
535,125.43'
01.575,32!
13,520.12"
l c , 986.0913,834,82!
1,724,007
1.515,59t.
941,6/J
722,^48
58J,92c
374,401
632,912,31(3

*
524,820.705
52,502 77
11,613,337
11,408
4.097.15
1.029,9-n
1,008.03a
938,311:
585,702
053 901
3OS.0O<3
009,627,784

4-2 (
+17'3
+17'4
+13-8
—ev
+5*5+425
+0'*
+23 •
—98
+21 3
+3 8

B o s t o n .................
P r o v id e n c e .......
H a r t fo r d .............
N ew H a v e n ........
S p riu gfleld ..........
W o r c e ste r ...........
P o r tla n d ..............
Fall R iv e r ..........
L o wel 1.................
N ew B e d fo r d ....
T o ta l N ew E n g ...

85.025,856
6,727,50(
2.242,84
1,442,870
1.10 '.510
1.-324.251
1,210,341
1,010.720
527.8**5
493,205
100,171,409

03.884.27g
4,370,00
1,810,558
1 100.281
1,235,5*1
1,143,50.
927.102
777.462
513.01]
388,100
81,210,518

+234
+ M -:
423 4
+24-3
-0 -:
+15 8
4 a 12
-1-30 <
+2 8
+27 1
+23-3

00.580,713
83.918.S57
4.027,001
3,800 300
1,759 908
1.003,125
1.018 402
1,156,578
1,079,931
1,074,261
1,011,721
1,001,861
975,08.
893,234
583,4 9*
000.090
480,575
687,708
220.801
417,842
71.76U.363 ” 75.117,346

C h icago................
C in cin n a ti...........
D e tr o it .................
C le v e la n d ............
M ilw a u k e e ..........
C o l u m b u s . .. . . . . . . .
I n d ia n a p o lis .......
P e o r ia ....................
T o le d o ....................
G rand R a p id s ....

77.491.983
11,794.2* K
5,002.295
5.348.Z0S
4.005.951
3,4*1 OK
1.701.574
1.8 5 lt>
1,247,27c
802.978
520,71>3
. 341,672
215,397
231.00c
19 '.0-12
142.218
229.09 2
144.303
115.420.173

08,701,514
8 564.004
4,01 0.89(
4,731 03'
4.220 347
2,02 i,70i.
1,628.302
l,2n9.87J
1.234,381
753.200
5l8,2?2
2 ll.i-7 »
305.734
209,305
242 022
) Ba.si130,690
167,023
100,492,132

+12 7
+ 371
-r b i
+ 13-0
-T-10--1
+32-4
+11 £
-1-49 2
+1K
-T0-3
-6 0
+01 3
—29 (]
-1 3 9
—21*7
—22 0
+0C 9
8 1
+ 14-8

71,211 420
10.908 100
I.3S3.73I
4,230 2<.l
4 023 802
2,019 200
833.835
2,034,080

07,853.897
10,743,200
4.875 000
3,704,775
8,037,184
2,699.200
928.793
1,495,587

090,010

602,130

248.582
191,162
234,438
244,i?37
107,198
148,4/fi
171,006
102,409.130

294.423
216,070
124,127
211.381
19(3,299
146,100
109,273
99,737,110

D a y t o D ...............

L e x in g to n . . . . 4. ..
K ala m a zo o............
A k r o n .....................
B ay C ity ................
R o c k fo r d ...............
S prin gdeld. O hio.
C a n to n ....................
T o t M id. W e s t ’ r,

*
386 582.S91
6O.570.S35
9,521.709,028.93
3.959,30:
1,447.70;
1,22?,735
798,30k
565 92(
571,94
234,800
404.513,412

f
387.S11.068
44,905.530
10.019.708
10,617,673
2.748 040
L031.128
747,312
665 559
050,015
268,200
470.201,187

San F r a n cis c o ..
S alt L ake C ity ..
P o r tla n d ............
L o s A u g e le s ....,
H e le n a * ..............
T a c o m a ................
S e a ttle ................
S p o k a n e ............. .
F a rg o ...................
8 Io u x F a lls ....... .
T o ta l P a cific..

12,019 673
1,31. ,U96
799.442
897.502

12,221.814
1,118 976
815.000
893,001

+33
+ 17 1
-T 9
+05

9,754 561
1,143,038
709,977
881,998

9,309,239
1,173,890
8(52,199
771,780

873,140
475,000
502,684
97.378
89 949
17,104002

400.701
400,189
354,100
84,529
80,092
10,624,521

—2 3 0
+ 3-2
+ 41 9
+3*4
—63 0
+3 6

554,03l"
303,045
307,542
8 4.000
01814
13.92J.2O0

507,782
441,045
211.885
99,243
107,074
18.544.738

K ansas C ity ............
M in n e a p o lis.............
O m a h a.......................
8 t. P a u l...................
D e n v e r ......................
D a v e n p o r t ..............
St. J o se p h . . . . . . . . .
Des M o in e s ..............
S io u x C it y ................
L in c o ln ......................
W ic h it a .....................
T o p e k a ......................
F r e m o n t....................
H a s tin g s ...............
T o t . o t h e r W est.

10,237.302
5,760,820
3.739.071
3,060.578
2,520.812
443.595
1,200,000
793,003
415,534
139,937
863,939
46*2,184
51,100
79,384
29.302,919

8,829.743
4 7*0,127
3,370.3*0
3,470,770
2,316,019
1,119,631
1.020.000
960.400
432,122
208,401
40P.4S0
655,704
64,106
00,051
27,692.065

+100
+200
+122
—12L
+ 8 ’9
—00-4
+17-0
—10 0
—3 8
-3 2 9
—111
—liO'5
—6 0
+ 30-9
+ 6-8

7,9 *7 729
4,003.8*3
3,048 291
3,340.508
2,182,581

7,058.457
3.769.139
4.H0.344
2.891.770
2,023 342

1,231 508
821,979
450,030
253.403
554,033
428,038
08,000
50,220
24,413,381

1,099.560
702,308
625,308
354.433
512,819
687.275
70,250
100,000
24,423,002

S t. L o n ls ...................
N ew O rleans............
L o u is v ille .................
G a lv e sto n ..................
H o u s t o n .............
S a v a n n a h .................
R ic h m o n d .................
M em p h is...................
A tla n ta ............. . . . .
D a ll a s ................ .
N a sh v ille..................
N o rfo lk ......................
W a c o ........................
F ort W o r th ..............
A u g u sta ................... .
B irm in gh am ............
K n o x v ille . ..............
L it t le K o c k .. . . . . . . .
J a c k s o n v ille ............
C h atta n ooga............
T o ta l S o u th e r n ..

27,058 012
9,287,159
0.101.134
1,856,05 J
2,627.506
2,l6 7.c2l
1.890 651
1,843.623
1,404.036
1,282,598
870,468
851 147
02(.072
0-52,824
704,019
370,220
350.473
2b0.930
210.750
288,146
01,424.200

19,249.9°5
8.074.025
4.004,042
1,992,177
2,391.b56
2,3< 5,007
1.843.919
1.731,770
1,205,703
1,438,271
856.98K
1,053,999
784,540
520.209
070,040
303.241
308,027
304.7U2
2 C2.330
227.770
60.7 a3.508

+48-7
4-7*1
+ 33-5
- 0 -8
+ 9 ‘2
—0*4
+2*o
+0*6
+ 15*7
—10*8
+1-7
-1 9 2
—20*4
+ 81 2
+4*1
+24-7
+15*7
-7*8
-6 * 8
420*5
+21*0

18,277 710
0,471.562
4 605.009
2,002,620
1.833.903
1,792.773
1,750,802
1,507,330
924,348
1,250,000
714,623
808.275
075 010
6*25,000
44 o,112
251,185

19,108,708
8,290.601
5,759 322
1 864,875
1,953.778
1.408,025
1.883.549
1,300.848
909.317
1,208,792
821,020
084,302
416,803
008,104

2*3,580
318.0C0
201.130
44.768,478

207,825
307,790
179,467
47,152.902

T o ta l a ll.............. .

P50.835.709

888.210,828

+7*9

721,704.970

718.178.285

O u tsid e N. Y ork.

421.210,334 "3017399^703

+10*5

335.182,680

330,801.019

4-7*0
9.489.391
9 673.031
8.94°,7*3
M o n t r e a l...........
8 487,080
-17*9
4.793,329
6,721,844
6,909.034
4.660.289
T o r o n t o ............
1,034,873
1,184,092
—10 3
918.110
1.002.475
Hat lt d 1 ................
810,242
—12 b
730.021
936,593
088 505
W ln n lp o e ............
022,801
530,029
578.822
—4*4
695.810
H a m ilto n .............
500.699
St.. Joh n *..............
T o ta l C anada..
16,426 964
16.301.041
18.001,813
17,770 009
-4 8
• N ot In clu ded in t o ta ls .
4 R e p o rts su sp en d ed f o r th e present.

THE CHRONICLE.

394

[VOL.

l x iv

an d th e business o f th e c o u n tr y a n d h ad little ca re f o r

T U B F I N A N C I A L S IT U A T IO N .

th e tru e in terests o f A m e rica n s o r C u b a n s.

B eyon d q u estion gen eral business is im p ro v in g .

We

F o r tu n a t e ly

th e F o u r th o f M a rch w ill b r in g to a c lo s e th e p o w e r o f

b a r e th is week m ore d ecid ed in d ic a tio n s o f tho progress

th a t b o d y as n ow c o n s titu te d , and th e b e lie f is th a t th e

m ade.

c o m in g S en ate w ill b e a little m o re con serv a tiv e.

Y et

it is tru e th a t on e can easily draw

broad a c o n clu s io n fro m

too

th e m ore m a n ifest eviden ces.

is h o p e in th a t fa c t .

T h ere

E v e n so, it is to be r e g r e tte d th a t

B uyers fo r in sta n ce are seen to h a v e in creased in n u m ­

an e x tra session o f C on g ress m u st b e h eld .

ber in all o u r m arkets, b u t th e ir pu rchases still show
g rea t con serv a tism , s u p p ly in g o n ly im m ed ia te wants.

terests c a n n o t be fr e e to ex p a n d so lo n g as it lasts.

C u rren t p ro d u c tio n in th e d ry g o o d s trade is b elieved

on p re v io u s o cca sio n s, th e p rog ress o f le g is la tio n w h ere

to be fu lly a b sorb ed

n ow ,

b u t th e o ld a ccu m u la tion s

have n o t been draw n d o w n

m u ch y et.

P ro b a b ly the

Business i n ­
At

th e sam e tim e it sh o u ld b e r e m e m b e re d , as we h a v e sa id
th e ta riff ch a n g es are u p w a rd o u g h t n o t to p r o d u c e d e ­
pression .

B u y in g g o o d s w h en p rice s are lik e ly t o rise

best trade o u tlo o k and by far the m ost p rom isin g c o n ­

is a very d iffe r e n t m a tter fr o m b u y in g th em w h en th e y

d itio n s p revail

are lik e ly to d e c lin e .

an d

iron

c o u ld

in

in

the

iron in d u stry .

P rices o f steel

all th eir fo rm s are n ow so low th at they

h ard ly

be e x p e cte d to g o low er, w h ile the de­

m and fo r e x p o r t o f rails, b illets and p ig h elps the h om e
m a rk et.

F o r e ig n e x ch a n g e c o n tin u e s firm , w ith th e in c lin a tio n
to a d v a n ce ra th er th a n d e c lin e .

T h is is so u n u su a l a

c o n d itio n in fa c e o f o u r la rg e tra d e b a la n ce th a t w e

Bays th at th e h o p e fu l fe e l­ have m ad e s p ecia l in q u ir y w ith r e fe re n ce to th e cau se.
I t has all a lo n g b een k n o w n th a t th e firm ness was in

T h e “ Iro n A g e ”

in g in th e iron trade is sp rea d in g , and in those dep a rt­
m en ts w h ich are close to th e raw
advan ces are b e in g

re co rd e d .

m aterial m oderate

I t adds th a t the total

p a rt d u e to s p e cu la tio n in e x c h a n g e , th a t is, b u y in g lo n g
e x ch a n g e

fo r in v e s tm e n t.

B u t th e tra d e b a la n ce h as

ton n a g e p laced th u s fa r m u st be h eavy w hen it is c o n ­

ru n u p to su ch f u ll figu res th a t th is e x p la n a tio n ca n n o t

sid ered “ th a t very la rg e ord ers were b o o k e d d u rin g

a c c o u n t fo r it w h olly .

th e h a lcy on days o f th e

in g b e g a n , tow a rd th e m id d le o f N o v e m b e r , h a v e n o t

has been

sw elled b y

tra ck m a te r ia l” .
soon ex ten d

b illet p o o l, and that n ow this
th e v olu m e o f business d on e in

The

a c tiv ity in iron and steel m ust

to th eir a llied in d u stries, and th en there

been

a 3 la rg e

T h e s e p u rch ases sin ce th e b u y ­

as som e h a v e e stim a te d th e m .

Our

b an k ers rega rd it a j d o u b t fu l i f th e m a x im u m r u n n in g
at an y

tim e

has e x ce e d e d

10, 000, 000.

The

b ills

sin g le n a m e

b ills,

not

£

is g o o d reason to e x p e c t a m aterial im p ro v e m e n t in th e

are

earn in gs o f o u r op p ressed railroads.

h a v in g th e a cce p ta n ce o f th e b a n k er u p o n w h o m th e y

w hat

are

know n

as

our

are d ra w n , an d it is b eliev ed to be im p r o b a b le th a t t h e

Senate at W a sh in g ton g o t th em selves in to such a very

b a n k ers w h o h a v e b e e n d ra w in g th ese b ills c o u ld fin d

bad

a m a rk et fo r a n y g rea ter a m o u n t th a n th e to ta l n a m e d .

It is really too bad th at th e C uban a g ita tors in
h ole

th is

w eek ; to o bad we m ean fo r them selves

b u t n o t fo r th e p u b lic .
F ebru ary

2»'> (u n d e r

T h e N ew Y o r k

date o f W a sh in g ton , F ebruary

lets th e c a t o u t o f th e bag.
resolu tion

fo r

p repared

by

25,)

I t states th a t when th e

th e p a rd on
th e

“ H e r a ld ” o f

T h e re has been a n oth er
reason to

it

d e m a n d f o r b ills a n d we h a v e
has e x c e e d e d o u r p re v io u s esti­

m a tes; we re fe r to a d em a n d fo r r e m itta n c e o n a c c o u n t

o f J u lio S a n g u illy “ was o f th e

C om m itte e o n F o re ig n R elation s it

su p p ose

sale h ere

th ese h ave

of

r e c e n tly

secu rities o n
been

E u ropean a cco u n t;

co m p a r a tiv e ly

fr e e .

The

teas fu lly understood th a t th e S p a n ish G ov ern m en t had en la rg ed m o v e m e n t it is said has been d u e to th e
d eterm in ed on this c o u r s e ” [a p a rd o n ] “ an d th a t th e

a tta ck s o n ca p ita l w h ic h so

m any o f

o u r S ta te le g is ­

g ra n tin g o f th e p a rd on was p ro b a b ly a m atter o f b u t a latu res have e n g a g e d in th e p a st w in te r.
fe w d a y s.”

I n o th e r w ords, the fu r y

h on ora b le S en ators lashed
p la ce have
S pain
p a rd on
p la ce

already

th e y
it

S a n g u illy

because th ey kn ew

d eterm in ed

d em a n d ed ,

sh ow ed

a

an d

total

becau se they

w h ich the

th em selves m ust in th e first

been w h o lly p u t on

had

in to

to
in

la ck

k n ew

g ra n t
the

of

The

“ H era ld ’ s”

th e

A n e s p e cia lly

T r u s t In v e s tig a tin g

C om m itte e in session in th is c it y .

I t has b e e n g iv e n

fa r g rea ter im p o r ta n c e th a n it m erits.

B esid es th ese

in flu en ces, in d u c in g fo r e ig n e r s to p a rt w ith th e ir s e c u r ­

secon d

ities, th e m ov em en t to sell o u t has b e e n fa v o r e d b y th e

fe e lin g

fo r

th a t abuse o f Spain at

a ccou n t

has been

th e

th a t m om en t c o u ld n o t b u t e n d a n g er his speedy re­
lease.

h a r m fu l in flu e n ce

goes on to say that

h ig h p rices th e best class o f railroa d b o n d s h a v e c o m ­
m an ded in N e w Y o r k an d th e g o o d m a rk et th ere h as
been here fo r th e m at those p rices.
The

tru st in v e s tig a tio n

by

th o J o in t

L e g is la tiv e

th e resolu tion was prepared an d pu sh ed in the fa ce o f

C o m m itte e o f th e S ta te L e g is la tu r e rea ch ed th e c lim a x

these fa cts because

o f a b su rd ity th is w eek w h en th e co m m itte e

th e

q u e stio n o f

possibly be em barrassed

if

rather th an

th e

released

by

dam ages m ig h t

S a n g u illy

was pardoned

G o v e r n m e n t.

T h a t is

u n d ertook

to e x p lore th e “ A n th r a c ite C oal T r u s t ,” th e o b je c t in
th is case o f cou rse

b e in g th e

sam e as in th e oth ers,

to say, these S en ators w ou ld rath er ru n th e risk o f the

n a m ely to

m an ’s lon g er im p riso n m e n t and

su m ers to pay e x o r b ita n t p rices fo r its p r o d u c t a n d th u s

risk a few dolla rs, m ore o r less.

death even th an to
W o u ld n o t the n a tu ­

show th a t th e “ t r u s t ” was c o m p e llin g c o n ­

m a k in g e n o rm o u s p rofits fo r itse lf. T h e r e is s o m e th in g

ral im pulse o f every tru e sy m p a th izer be, g et th e man

c lo s e ly b o r d e r in g on th e lu d icro u s in th e s u g g e s tio n t

o u t o f his h orrib le d u n g e o n as q u ic k ly as possible and

th a t th e coa l roads are e x p e r ie n c in g

a fter th a t th e G ov ern m en t w ill be fu lly
ca re o f th e q u estion o f dam ages.

and

T h e re is in this city and

in

we im a g in e

th a t th e c o * l

g rea t

p r o s p e r it y ,

“ baron s”

w h en th e y

re ce iv e d th eir subpoenas m u st have fo u n d it d iffic u lt t o
the cou n try

restrain th eir m irth at th e t h o u g h t th a t th ey w ere to be

w arm and d eep sy m p a th y fo r th e im p rison ed A m erica n s

su b je c te d to th e terrors o f a leg isla tiv e in q u is itio n f o r

in C u ba and fo r those w h o are str u g g lin g fo r freed om

th eir p a rt in

th ere and

id ea o f

everyw h ere.

elsew here

able to take

B u t th a t b o d y o f

ou r

fellow

citiz e n s has n o th in g in c o m m o n w ith these agita tors in

b r in g in g

la rg e

business at th e

a b ou t th is

p rofits in

c o n n e c tio n

p resen t tim e

c o u ld

p rosp erity .
w ith

th e

The
coal

have o r ig in a te d

th e S en ate, the q u a lity o f w hose feelin g s is so well o n ly in th e fe r tile b ra in o f a le g isla to r.
O n ly a
illu stra ted by th e little in c id e n t o f th is w eek. A l 1 leg isla tor,
to o , c o u ld have
been so c o m p le te ly
th ro u g h th e session th e y have c o n d u c te d th em selvea o b liv io u s o f th e d ev elop m en ts g o in g on all a r o u n d ,
as i f th ey were a lon e in te n t o n d istu rb in g co n fid e n ce w h ich sh ow th a t a d v ersity, n o t p r o s p e r ity , is th e

F ebruary 27, 1897.]

THE CHRONICLE.

ailment that is afflicting these properties. Not one
among the managers of the coal roads hut wishes
that the reverse were true and that there was some
slight and tangible basis for the reports of large profits.
His pathway through life in that case would be ren­
dered much easier. He would willingly face the dis­
pleasure of the legislator if only he could show the
security holders a balance sheet with the balance on
the right side of the account.
Prom their examination of the coal magnates the
Legislative Committee learned that in January of last
year some sort of tacit understanding was reached
among the coal interests for restricting the coal output
with the view to seeing if better prices could not be
obtained as a consequence. They also learned that
the practical result of this agreement or understanding
thus far has been nil. That of course to the pub­
lic at large was no new fact, but it is well
that the wise men from Albany should have
had it brought to their notice.
The news­
paper reports say that throughout the proceedings the
Chairman of the Committee displayed a listless air. He
might certainly with advantage have inserted the legis­
lative probe while he was about it a little deeper. If
he had he would have discovered that the Reading,
one of the members of the “ coal trust,” has
only just emerged from the tender care of
receivers and that its junior securities, even
after the payment of heavy assessments, find
few takers; that the stock of the Lehigh Valley
road, which for thirty-five years had continuously
earned a return for its holders, has now passed off the
dividend list and become a speculative football; that
the Delaware & Hudson, one of the staunchest of the
anthracite roads, has recently had to reduce its divi­
dends, and that the Delaware Lackawanna & Western,
another prime investment property, is only able to
keep up its old rate of distribution by drawing on
accumulated surplus. He would also have learned
that every one of the coal companies is groaning
under the large stocks of unsold coal which they
are carrying, that the money tied up in this
way is seriously crippling their resources, and that as
to prices all pretense of observing the schedules has
been abandoned. All this, however, would hardly
have been to the liking of the Committee. That is
not the kind of facts they want.
The truth is, the
whole investigation has been little better than
a farce, and there was never any legitimate basis for
it. There is consolation, however, in the thought
that the affair will not have been entirely without
good if it serves to reveal how silly and nonsensical
all the talk about the oppressions of trade combinations
has been.
Returns of railroad earnings for current weeks are
beginning to make somewhat better comparisons. In
no week of January did the aggregate in our weekly
summaries show an increase. For February thus far
there has been an increase each week, though the
gains of course have been moderate. Some of the re­
turns of net earnings for January, which are now
coming in, also contain encouraging features, the
losses being smaller than for the months immedi­
ately preceding.
The principal
feature dis­
closed, however, by these January statements is the
disposition to economize in
the expense ac­
counts, leading in a number of cases to improved
net on diminished gross. The Southern Railway with
178,106 decrease in gross has $28,236 increase in net;

395

the Northern Central with only $14,677 increase in
gross has $45,451 increase in n e t; the Allegheny
Valley with $11,319 decrease in gross has $8,136 in­
crease in net; the Pittsburg Youngstown & Ashtabula
with $10,489 decrease in gross has $6,738 increase in
net, and the Philadelphia Reading & New England
with $8,571 decrease in gross has $8,282 increase in
net. The following furnishes a four-year comparison
for a number of roads which have this week submitted
returns for January.
---------------------- J a n u a r y E a r n in g s . ---------------------*
1897.
$
Gross 135.174
N et
40,338
A lle g h e n y V a lle y .......................Gross 177,397
N et
62.317
37.063
B uffalo & Susq u eh an n a......... Gross
N et
13.921
CHev. Cin. Cta. & St. L o u is ...G r o s s 1,058,721
N et
277.623
Peoria & E a s te rn .................. G ross
125,407
N et
28,628
P0,493
G eorgia & A la b a m a ................. G ross
N et
27.577
G a. S ou th ern & F la ................. G ross
79.652
N et
33.060
N. Y . Susq. & W e s te rn .........G ross
180.475
N et
84.596
N orthern Cen tral...................... G ross
525,886
Net
156,294
63,316
P itts. Y ou ngs. A A s h .............. Gross
N et
14,758
S outhern R a ilw a y .................G ross
1,565.964
N et
479,794
Sum . Br. and L ykens V a l..-G ro ss
155.955
N et
7,793
N am e o f R o a d —
A laba m a G t. S o u th e rn ....

1898.
$
124,697
36,407
188.716
54.181
35,918
13.340
1.102,280
242,105
154,799
41,980
52.562
21,641
86,146
43.77U
178,495
75,763
511.209
110,843
73,805
8,020
1,644,070
451,558
169,275
242

1895.

$
132530
42,806
176,664
61,154
26.880
6,205
1053,614
234,227
132,957
33.565
38.955
1.284
70.736
18.388
200.857
82.302
490,590
124,250
73.765
17,113
1,502.076
436,898
189,026
80,130

1891.
$
127,000
.............
154,849
55,822
........
.............
940,212
230,342
112,516
15,825
40,307
4,995
90,712
31,257
137,887
55.437
437,070
99.147
52,704
9.788
1,512,157

446,606

140,369
27,749

The Pennsylvania Railroad statement for January
was also issued late yesterday afternoon. It shows a
very decided improvement as compared with the
months immediately preceding, there being only $238,100 loss in gross on the lines directly operated east of
Pittsburg and Erie, with $82,400 increase in the net;
while on the lines west of Pittsburg there is $374,900
decrease in gross with $5,100 increase in net. In other
words, on the combined system there is $613,000 de­
crease in gross and $87,500 increase in net. The loss
in the gross is the smallest of any month since last
July, while there has been no increass previously in
the net since June. The result is the more noteworthy
as there had been gains in January both last year and
the year before. Below is a six-year comparison.
L in e s E a s t o f
P it t s . A E r ie .

1897.

1896.

1995.

J an u a ry.
G r o s s e a r n i n g s ........
O p era tg expenses

f
4,765.6 1
3,629,474

$
4,993,771
8,949.974

$
4.678.271
3,696,874

$
4,159,829
3,515,323

$
4,923,246
4,422,940

$
5,019,741
3 ,9 4 5 ,1 8 9

N e t e a r n i n g s ...

1,126,197

1 ,043,7®7l

981,397

614,506

500,308

1,074,652

1891.

1893.

1892.

It is stated that there has been about $500,000
gold turned into the Sub-Treasury this week for which
legal tenders have been exchanged. Much of this
gold, as was the case last week, has come from San
Francisco to the banks and by them has been sent to
the Sub-Treasury. The reason for the recent large
movement of gold from San Francisco is said to be
that considerable amounts of the metal (about $9,000,000) were received at that point during September,
October, November and December from Australia and
New South Wales for the account of bankers
at the East.
It has been held there until
recently, when it was sent hither, partly to
avoid State taxation.
In some cases legal ten­
ders have been shipped to New York; indeed it is
stated that in one caie gold was turned over to the
San Francisco Sub-Treasury and somewhat mutilated
silver certificates taken in exchange, which cer­
tificates were sent here because of the large express
charges on gold.
The net gold in the Treasury,
officially reported from Washington on Friday of last
week, was $147,281,113. The amount ss reported
yesterday, Friday, was $148,318,532.

896

THE CHRONICLE.

Money on call representing bankers1 balances has
loaned generally at 1 * and at 1} per cent at the .Stock
Exchange this week, with some few and small transac­
tions at $, and it is thought that fully 75 per cent of
the loans were at I f percent, making the average about
1- par cent. Banks still seek to maintain 2 per cent
a? the minimum, but a few loan at the cur­
rent Stock Exchange rates, and the trust com ­
panies also loan at these figures. The demand
for time
-entrants for periods beyond foar
months is good and business is inoreaainff.
Some
loans have been made at 3 par cent on sterling col­
lateral, but rates on good mixed Stock Exchange secu­
rity are 2 per cent for thirty to sixty days, 24 per cent
for ninety days and 3 per cent for four to six months.
Some brokers quote 3} per cent for seven to nine and
4 ;>e*r cent for twelve months. There is a moderate
demand for commercial paper and some very good
names are offering. It is reported that six months’
choice single names have been sold at 3 per cent.
Quotations are 3 per cent for sixty to ninety day en­
dorsed bills receivable ;
per cent for first class
and i@ 5 for good four to six mouths single names.
The tone of the market is firm and the indications
point to higher rates.
The strained condition of affairs in Crete has had more
or less influence upon the European security markets
this week, ',bnt comparatively little effect upon dis­
count rates. The Bank of England minimum rate of
discount remains unchanged at 3 per cent. The Bank
of Germany has reduced its rate from I to 3 } per cent.
The cable reports sixty to ninety day bank bills in Lon­
don 1} per cent, against 2| per cent early in the week.
Toe open nurket rate at Paris is I f per cent and at
Berlin and Frankfort it is 2s per cent. According to
our special cable from London the Bank of England
gained £545,874 bullion daring the week and held
£39,029,370 at the close of the week. Oar correspon­
dent further advises us that the gain was due to the
receipts of £400,000 net from the interior of Great
Britain and imports of £146,000, of which £139,000
were from Australia and £7,000 were from Portugai.
The foreign exchange market ha3 been dull but gen­
erally ‘irm this week. Some run-off bills have been
exchanged for long sterling, others have been exchanged
for short and canceled, and there have been some new
investments la long sterling. Bankers also note a good
demand to remit for securities sold for European ac­
count.
The offerings have been chiefly confined to
grain bills and to options on maturing exchange deliver­
able within the next ten days. The range for nominal
rates on Tuesday, Monday being a holiday, was un­
changed compared with the close of Friday of last
week at 4 85Baps 83 for sixty-day and 4 87}@4 88 for
sight, and there was no change in the range during the
week, though on Thursday Brown Bros. & Go. and
Ueiddbach, Jckeiheimer & Go. advanced the long rate
to 4 86, while the Bank of British North America on
the fame day and the Bank of Montreal yesterday
moved both long aid short upward half a cent, IUtes
for actual business were entirely unchanged through­
out the week, remaining at 4 S5@t 85} for long, 4 87
@ 4 87} for short and 4 87}(®4 871 for cable transfers.
Bankers quoted the market strong on Thursday and
steady on Friday, with a good demand to remit by
Saturday's steamer. The following shows the daily
posted rates for exchange by some of the leading
drawers.

|v o l , L X 1 V .

DATLY POSTED KATES FOK KOKKION EXCHANGE.

tfr‘ ” r n Br0<-........ f s & &
B a rin g ,
560 d a y s.
M a g o u n & C o ., \ S i g h t s . .
S a n k B r it is h
t GO d a y s .
N o , A m e r i c a ., f S i g h t ....
Bank o f
(6 0 days.
M o n t r e a l S i g h t . . ..
C a n a d ia n
( OO d a y s ,
o f C o m m e r c e .. <S i g h t . , , .
S e ld e lb a c h . lo k - i
days,
ol h e lm o r & G o. < S i g h t . .. .

F ill,,

M o n ..

Ftb. 10.

Feb.fSi.

s*

w *
so

t t ii i
67S»

p

c
88
80
88

or

.,

Fch. 25.

F ill..

Ffb.'za.

88“ -*

i
86

80
88

88
80

m
m

$8
P

I P

Th

I*
IS

SO
08

88

Bank

00

W it n ..

Fth. 24.

8f>H

i *

It*

i

i

88
88

s

n

88

E
t8

88

88

II
11*

os

is
S8
%
SSJ m
The market closed steady on Friday at 4 85}@ 4 86
for sixty day and 4 87} @ 4 88 for sight. Bates for ac­
tual business were 4 85@4 85} for long, 4 87@4 87}
for short and 4 87}@ 4 874 for cable transfers. Prime
commercial bills were 4 844@4 84f and documentary
4 83f@ 4 84i.
The following statement gives the week’s movements
of money to and from the interior by the New York
banks.
'- “ “ a F M m ia ... |

M erch a n ts’ B k . ( 60 d a ys,
o f C a n a d a .........\ S i g h t . .. .

88

g g

Week E ndin a Feb. 20,1897.
ourrenoy........................................
G old........... ...................................
Total gold and legal tenders.....

Received by \ Shipped by
N . Y . B anks^ N . Y . Bank*.

N et In te r io r
M ovem ent.

$3,7G3,000 $1,593,000 Gaiu.$2,170,000
1,000,OOOj
623,000 Gam, 377,000
$4,763,000 $2,210,000 Galn,$2,547,000

Result with Sub-Treasury operations, etc.
W eek E nding

Feb. 26,1897.

In to
B anks.

Out o/
B anks.

N et Change in
Bank H oldings.

Banks* interior movement,as above $4,763,000 $2,216,000 Gain $2,517,000
8ab-Treasnry operations............... 10,400.000 10,000,000 Loss. 600,000
Total gold and legal tenders,.... $15,163,000 iisTicYoO Gaik. $2,04 7,000

Amount of bullion in principal European banks.
B a nk o f

Gold.
£

Feb. 25. 1897.
Silver.
Total.
£
£

Feb. 27,
Gold.
£

1890.

Sttvttr.
£

lotal.
£

39.029,270 49,110,013
Sagiand...... 39.029,270
49.U0.O13
Prance....... 76,659.337 •19,316,807 125,976,194 78,175,446 49,821,737 127,997,177
Germany,.... ■31,250,167 15,629.733 40,889,200 31,703.700 15,618,240 47.328.000
Aait.-Himg'y 30,776,000 12.677.000 43,453,000 24,904,000 12,680,000 37.592.000
8.523.000 10.890.000 19,418,000 8.004.000 10,201,000 18.265.000
Spain.......
Netherlands, 2.634.000 6,921,000 9,555,000 2.926.000 6.887.000 0,813.000
Nat.Belgium. 2,826.637 J,413,838 4,240,00) 2.068.000 1.334.000 4,002.000
Tot.this week 191,712,791 96,847,873 288.560,601 107.5)2.213 90,010,977 294,113,190
Tet.ore’e'. w1k 189,957,802 96,052.981 283,020,783 197,688,630 96,013,933 294,300,508

CRETE AND GREECE VS. EUROPE.
Of course it is impossible for au outsider to know
the motives and incentives controlling the action of
European diplomatists. We are always inclined to give
to crowned and uncrowned heads of governments, and
to their representatives, the benefit of any doubt which
exists with reference to their unexplained acts. Yet in
some measure they invite and are amenable to the same
kind of criticism that private individuals have meted
out to them. Within certain limits the public is ju sti­
fied iu judging diplomatists by their works, and that,
too, even when they claim the peace of Europe is at
stake. We cannot say that peace at any price may not
at times be too dear a purchase.
Wbat are the known facts to-day with regard to this
latest European question? We see a little State, the
smallest kingdom on the map of Europe, exciting the
hostile action against it of a confederation including
every large Power in Europe. What does that situa­
tion suggest? Such perfect accord among se many
leading Powers against another nation we might almost
say has never been known before. One would thiuk
Greece must have shocked the civilized world in a
most outrageous manner to have forced such unanim­
ity. The situation almost forbids any deduction ex­
cept one that makes the movement a matter of con­
science— a spontaneous uprising in presence of and to

F e b r u a r y 37, 1897.]

THE CHRONICLE.

397

put down a great moral wrong. On examination it is tentacles in the new kingdom’ s body still; and as it
found not to be that at all. Oil, no, say the diplo­ has oeen proved that no one in the combination has
matists, worse than that; this grand combination and the courage to fire a gun at Turkey, Christians in
hostile work of fleets and forces is because the action Crete under the new arrangement could feel no
of Greece and Crete, though all right in itself, threat­ security. Finally, there is no good reason why the
ens the peace of Europe. In other words, affairs have idea of union should not be carried out. It would be
reached such a pass that the Powers in this combina­ of material benefit both to Greece and Crete, and it
tion, made up of the same parties that will be the is the desire of both.
As to whether Greece and Crete would be able to
principals in a general European war if there is to be
one, cannot be stopped short of actually going to work withstand Turkey’s attack, it will be time to meet that
killing and destroying one another unless they turn question when it arises. This, at least, can be said :
their guns on poor little Greece. Settling the existing it is in the interest of civilization that the Government
differences between themselves, and so securing a per­ of Greece should be strengthened by the addition of
manent peace, is not favored by this combination ; Crete and of Macedonia, too, and that Turkey should
or at least the necessary assumption is, that course be made to feel that it cannot kill helpless men and
is less easy than for these Powers to keep vast navies women in mass without losing the sympathy of the
and standing armies, employing them to intimidate world and being shorn of its power to do evil by the
and injure little States that seek to consummate a disintegration of its territory. The loss of a few prov­
natural union, like Crete and Greece, but not daring to inces may prove to be of benefit even to Turkey by
use them against Turkey, although cruelty, violence enabling it to realize that it must change its practices
and butchery may be going on there the like of which and reconstruct its methods of government throughout
if it wants to retain a position among the nations of th e
has not been seen for many generations.
Crete, as we all know, is a Province of Turkey, and world. As to Greece, no doubt friends will be found
consequently under the rule of Turkish officials. At to help it in its extremity if such a contingency should
the same time its population, its customs and its relig­ arise.
ion have nothing in common with the country under
The world is not going to move backwards even at
whose control Europe forces it to be ; its inhabitants the bid of the armies and navies of Europe. Little
are mainly of Greek descent and desire union with cases of friction will occur which may cause a hitch now
Greece, a union they have been promised and have and then in the onward progress, such as the affair in
long and eagerly looked forward to. Naturally enough, Turkey appeared to be. They can be only a temporary
too, this desire ha3 recently become almost a frenzy hindrance. The combination of the leading Powers
under the fear which the terrible slaughter of the of Europe, if the Turkey i acident and the Greece in­
Armenians and Christians by the Sultan’s officers cident are to be samples of their work in the future,
during the past two years has inspired.
It is can delay but for a brief time the forward movement;
not difficult to imagine •the situation these affairs will in some way break from their control and
conditions impose. But there is another fact fore­ the movement go forward in spite of them.
boding greater possibilities of evil than all these, and
which in our opinion makes the act of Europe towards
THE A N T I T R U S T D E C IS IO N I N TEXAS.
Greece and Crete a crime. What we refer to we have
already mentioned; it is that the European Powers
It seems singularly appropriate at the present time
making up this combination have not only failed in when a legislative committee of our own State is still
their effort to stop this slaughter by Turkey of helpless engaged in the questionable practice of harassing
men, women and children, but they have confessed to trade combinations, that a decision should be reported
the world that they are unable to do it and have sub­ from one of the courts of the United States which
stantially protected Turkey in its bloody work by re­ must go far towards rendering impotent legislation
fusing to allow any other Government to undertake which aims to bring under the ban of the law per­
what they cannot do.
fectly legitimate enterprises of that description. We
But the Powers tell us that Greece a id Crete could say must go far towards that end because there were
not stand against Turkey, and since the intervention exceptional features in the Anti-Trust law of Texas,
of Greece in Crete has resulted in anarchy in the island now declared unconstitutional, which place that
they are merely seeking to restore order; after this has statute in a class by itself, and the trained
been accomplished autonomy will be granted to Crete legal miDd, therefore, will be careful not to give the
under a Greek Prince, the island being only in some decision a broader import and construction than it
Blight way under the control of Turkey. Facts do not really warrants, or seek to apply it in cases where the
support these statements. So far as the evidence is circumstances and conditions are not similar. It is
available it was the interference of the Powers and the true that some other States have enacted laws which do
bombardment of Canea that induced anarchy so far not differ greatly from the Texas statute— the Georgia
as it exists. There is no proof at all that there would law is almost an exact copy of it— but it is equally true
have been any considerable opposition in Crete to car­ that in still other instances the legislative prohibition
rying out the plan of union if the Powers hal not en­ has taken a much narrower scope, a id in these cases
couraged it by their presence and by their acts. Then, the measures, if equally powerless to reach the prac­
too, the promise of autonomy, etc., is not what is tices aimed at, may at least escape judicial condem­
wanted or needed for the good of the island. Crete is nation. In any event, however, the Texas decision
too small a territory to be burdened with a separate will have a wholesome effect in clarifying views and in
Government. Besides the restrictions on the grant of teaching that public frenzy, incited by demagogic ap­
autonomy have not been stated ; it is enough to justify peals, is neither a sound basis for nor a safe guide to
its unconditional rejection to know in advance that legislation.
I urkey, the Great Octopus of the East, which used to
To speak truthfully, the Texas Anti-Trust law was
he called the European devil fish, would have its one of the worst legislative enactments that have ever

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|V.

h.

L.XIV,

b<*n entered upon the statute books of a modern State. free and unrestricted competition among themselves or
It was at once a monstrosity and an absurdity. It vvas others in the sale or transportation of any such article
not only the product of peiTerted but of immature or commodity, or by which they shall agree to pool
mind?. It was passed in great baste, without con­ combine or unite any interest they may have in connec
sideration or rt Uection. It contained not merely un- tion with the sale or transportation of any such article
usual but extraordinary provisions—provisions which or commodity that its price might in any manner be
betides doing violence to the moral sense would make affected” .
We have quoted these parts of the law in full to s h o w
Impossible ! could they be enforced) ordinary mercantile
badness m it is carried on to day. It was conceived in how broad and unqualified its provisions are in these
an utterly wanton and a wholly reckless spirit, and respects— so much so that under the language used it
it afforded an exhibition of rank selfishness and would be illegal for the partners of a firm to agree
tcctioral discrimination seldom seen even in these among themselves as to the prices at which they would
tinue—exempting certain persons and industries sell their wares. Domestic corporations wore to for­
from the operation of the law, so that in feit their charters and franchises for violations o f
effect it would apply only to outside enterprises and the provisions of the Act; foreign corporations were
net to those in which the State's own citizens were to be denied the right of doing busiuess in the State.
engaged. It was withal drawn in such a clumsy man­ The penalties of the Act were to extend to any one
ner atd was so fall of crudities that it stands as a “ who shall as principal, manager, director, agent, ser­
monument to the folly and ignorance of its author. vant or employe, or in any other capacity knowingly
In a word the legislator in this effort overreached him- carry out any of the stipulations, purposes, prices,
seif and blundered so fatuously that it was plain from rates, directions, conditions or orders of such com­
For offending against the statute in
the first that the law when subjected to judicial dissec­ binations.”
this way the punishment wa3 to be “ by fine
tion would fall of its own weight.
That this is not too sweeping a characterization will of not less than $50 nor more than $5,000, and
appear from a very brief examination of the law. Nor by imprisonment in the penitentiary not less than one
did the Texas people themselves of the better class fail nor more than ten years, or by either such fine or
to see its absurdity and untenable character. The imprisonment.” It was made the duty of the “ A ttor­
Galveston “ News” at the time pointed out as one ney General or district or county attorney, or either of
illustration of its workings that under it one would them, upon his own motion and without leave or order
not have to pay a cent for anything he bought of of any court or judge, to institute suit nr quo watranto
merchants if he could show that any two of them had proceedings” ; and it was declared that in an indict­
agreed to mark theirgoodsupordown.
“ One's agree­ ment under the Act it was “ sufficient to state the
ment to pay in such a case is not enforceable ‘either in effects or purposes of the trust or combination and
law or equity.’ The fact that one buys the goods that the accused was a member of, acted with or in
eagerly at a fair and satisfactory price has nothing to pursuance of it, without giving its name or description,
do with the case. The agreement to pay for them is or how, when or where it was created” . Furthermore,
'absolutely void’ according to Chapter 83 of the gen the character of the trust or combination might ba
eral laws of the Twenty-fourth Legislature” .
established “ by proof of its general reputation as
The Act was parsed at the 1S95 session of the Legis­ such” . Any contract or agreement in violation of the
lature, being approved April 30 of that year. It was Act was to be “ absolutely void and not enforceable
called an act to define trusts, etc., and it was an amend either in law or equity” .
m< nt of an act approved March 30, 1889. It defined
But after thus devising this stringent body of re­
a trust us “ a combination of capital, skill or acts by strictions, a little proviso was inserted iu the twelfth
two or more persons, firms, corporations or associations section to the effect that “ this act shall not ba held to
of persons, or either two or more of them” , and it made apply to live stock and agricultural products in the
It illegal and criminal for such a combination, “ (1) hands of the producer or raiser, nor shall it be under­
To create or carry out restrictions in trade or stood or construed to prevent the organization of labor­
t< mcoerce, or aids to commerce” . “ (2) To increase ers for the purpose of maintaining any standard of
or reduce the price of merchandise, produce or com wages” .
In other words, the law was not to
meduies. (3) To prevent competition in manufac­ apply to the pursuits of the citizens of Texas. In
ture, making, transportation, Bale'or purchase of mer­ the final section (Section 10) it was declared that
chandise, produce or commodities, or to prevent com­ such urgency existed for the passage of the measure
petition in aids to commerce. (4) To fix at any that the Constitutional rule which requires that alL
standard or figure, whereby its price to the public bills shall be read on three several days must be
stall be in any manner controlled or established, any suspended.
article or commodity of merchandise, produce or com­
What followed the enactment of this remarkable
merce tot* nded for sale, use or consumption” in the statute is well known. The machinery of the law wasState. “ (5) To make or enter into or execute or at once set in motion to catch offenders outside the
carry out any contract, obligation or agreement of any State, demands being made in several instances upon
kind or description by which they shall bind or the executives of the States where the accused persons
have bound themselves not to sell, dispose of or were residing or abiding to extradite them. The pres­
transport any article or commodity, or article ent decision was reached in the case of William Grice,,
of trade, use, merchandise, commerce or consumption who was indicted by the Grand Jury of McLennan
below a common standard figure, or by which they shall County a3 the agent of John D. Rockefeller and other
agree in any manner to keep the price of such article, Standard Oil people. Iu the course of the litigation the
commodity or transportation at a fixed or graded figure, case was appealed to the United States Court on a
or by which they =hall in any manner establish or settle writ of habeas corpus for the release of Grice. On
the price of any article or commodity or transportation this appeal the case came before Judge Charles S wayne,.
between them or themselves and others to preclude a District Judge of the Northern District of Florida,*

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399

As to whether the statute is class legislation, it
sitting by special designation in the Northern District
of Texas. The act was attacked on the ground of its clearly is. “ It is not that character of legislation
unconstitutionality, and this plea Judge S wayne has now which, in carrying out a public purpose, is limited in
sustained.
Judge George Clark, of Waco, a id Judge its application and within the sphere of its operation,
-J. D. Johnson, of S:. Louis, appeared for the Stand­ affects alike all persons similarly situated. It may
ard Oil Company, a id the brief prepared by then and affect, and does affect, individuals of the same class in
It favors some individuals of a cer­
the company’ s solicitor in this city, Mr. S. C. T. an opposite way.
Dodd, was a paper of uncommon ability.
Judge tain class and denounces other individuals of the same
Swayne, in his opinion, follows very closely the lan­ class.* * It seeks to exempt certain classes of property,
which is carrying the doctrine beyond any case to which
guage of this brief.
Judge Swayne says that the two vital questions in­ we have had access. All property in the State is
volved in the case are. (1) Can th eS ;a teof Texas entitled to equal protection, and no special property is
prohibit all contracts, of whatever character or nature, entitled to or ought to receive any special favors.
among its citizens when they tend to contravene the * * * The right to hold or sell property and to
intended prohibition of the Act, and (2) if it can do so, make agreements and contracts concerning it, which
is it class legislation to exempt80 percent of the whole may be believed by the owner to be for his betterment,
population from the pains and penalties of the Act is the most essential right of property. With some
when dealing with the agricultural products or live citizens this right is taken away; with others it is
stock in the hands of the producer or raiser ? In encouraged. * * * If there is any one thing evi­
regard to the first proposition it was contended that dent from a careful study of the A ct it is that it is
the act violated the Fourteenth Amendment to aimed to favor the agricultural class and is against the
the Constitution of the United States, because merchant and mechanic and all the others, without
it denies to citizens of the United States the either reason or justice.”
right to make valid contracts with respect to
In conclusion, the Court says: “ This law that de­
their business and property.
O i that point the prives the citizen of all of his rights of contract, and
opinion quotes approvingly from the argument of that seeks to divide citizens, not exactly by the calling
counsel for the accused, saying that one of the most they follow, but by the source of the property they
sacred rights of liberty is the right of contract. All of hold, and exempts 80 per cent of them from the pen­
the rights of contract which are necessary for the alties it visits upon the remainder, is not sustained by
■carrying on of ordina*y business affairs are protected by any good reason or excuse, is not just, is utterly with­
the Constitution and are not capable of being re­ out support in law and can have no just purpose, is
strained by legislative action. Among these rights i3 vicious class legislation, depriving the citizen of his
that of forming business relations between man and Constitutional right of life, liberty and property without
man. A mao may form business relations with whom due process of law, contrary to the law of the land,
he pleases, and in the conduct of such business hs or and is therefore declared to be null and void ” .
they tnay fix and lim't the character and amount of
their business, the price they will charge for the prod­
uce which they offer to the public, or about whica they THE L E G IS L A T U R E A N D J H E N E W Y O R K
CH ARTE R .
contract.
On Mmday of the present week the Charter for the
From the title of the Act as welt as from the argu­
ment of the S ate, says the opinion, “ it would seem to consolidated N sw York City was formally placed in the
be the impression that the Act was intended only to S;ate Legislature’ s hands. On the same day the
prevent oppressive and unreasonable combinations. printed copies of the document as approved by the
There is no such limit, however, within its four cor­ Commission were for the first time placed in the hands
ners. It embraces the combination of two or more of the newspapers and the people. We say that this
persons, consequently the partnership of two persons. was the public’s first opportunity to kaow with cer­
Neither is there any limitation to the amount of capi­ tainty what the Commissioners’ conclusions were, be­
tal combined with skill and acts. A small capita1 with cause, although printed drafts of the Charter have for
a minimum of ek:ll is as much prohibited as the largest seven weeks been in circulation, the Commission
amount” . An agreement between two or more persons ha3 male so frequent and so vital altera­
was
Is made as criminal as an agreement bstween a tions in its original plan that nobody
hundred. It is not sought to condemn merely acts at any moment able to say, off-hand, what actual conclu­
which are oppressive by reason of their magnitude; it sions ha I been reached. Tnese changes were made in ­
i3 made criminal for two persons to combine as part­ variably in private session. Nn one, so far as we
ners, corporators or otherwise in the ordinary business know, has at any time been informed of the motive
Public hearings were
of life, to increase or reduce the price of commodities governing the amendments.
or fix the standard thereof, or to agree to limit or granted during several days in January; but the chap­
reduce the production of commodities. More than ters of fundamental law as set forth in the Charter
that, it would seem that citizens cannot enter into a were allotted only one day each, thus inevitably ex­
joint-stock association or corporation, for that pre­ cluding from a bearing many citizens whose public
cludes competition between those comb'ned.
The criticism would have been of the highest value. In
fault of the Act in regard to restraint of trade is the short, the singular spectacle has been presented of a
same as in regard to competition, says Judge S vayne; scheme of government in process of construction so
it makes no distinction between legal and illegal com managed that none of the governed could obtain, until
binations and agreements which prevent competition. too late for effective criticism, any clea' idea of what
Those which have always been held legal and which was being done.
have always been an essential pa-t of the liberty of
During nearly four weeks of this psrioi of delibera­
the citizen are male criminal equally with those tion, the Commissioners themselves refrained from any
which the 1iw ha? always condemned.
public discussion of the charter. Tneir preliminary

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[V O L , L X I V .

of
the present Board of Aldermen
statement had announced that mnch of the agreement potency
This
board
enjoyed
originally powers quite as largo as
was a compromise. In one or two chapters of the Char­
those
proposed
in
the
new Charter ; it was the people
ter—-notably that affecting the Police Board— this first
report had bluntly stated that some of the committee themselves who stripped it of all these powers and re­
dissected from the provisions as adopted. Bat why duced it to a position where it could " neither enact
this minority had expressed dissent, and what it would nor defeat matters of importance” . This suppressing
have substituted for the majority's provisions, no of the aldermaaic powers was done deliberately, and
outsider had any opportunity to learn. If this com* with equal deliberation, as a result of bitter municipal
laitti. 's work had been similar in nature to the work, experiences during the last three decades, the people
for instance, of the committees of the Federal resorting to the very “ bureaucratic” government which
Senate, this unwillingness to meet inquiry and discus- General Tracy criticizes. It seems to us strange that
gioo might bo understood. A Senatorial committee the Commission should be unwilling to recognize these
merely submits a framework of legislation, which i3 perfectly well-known facts in the city’s history. If
then altered and modified, in the course of a more or political experience has any value, it certainly ought
it&s prolonged discussion, by the general body. Tae to be respected in the reconstruction of a govern­
astonishing part of the Greater New York Com­ ment.
Mr. Seth Low gave out hi3 own views to the public
mittee's policy is that prediction was plainly
made that the State Legislature would adopt the the day after General Tracy give his. Mr. Low, al­
Charter exactly as it should come from the Commis­ though approving the assembly plan in general, opposes
sion. This being accepted as a probable result, it the proposition of a doable chamber, believing that a
certainly appeared as if the people of New York and single chamber “ lends itself to efficiency, aud in the
Brooklyn were being hurried blindly and unwillingly work of a city efficiency is a very important factor ’ .
This, it will be observed, is a wholly different point o f
into a new form of city government,
The Commissioners at length appeared to recognize view from that taken by General Tracy. Mr. Tracy
the anomalous character of such a situation. A wishes a double chamber in order to check hasty
few weeks since some of the well-known citizens legislation; Mr. Low wishes a single house in
serving on that board broke silence to enter on per­ order to expedite legislation. We call attention to
sonal explanations in the case. As might have been these conflicting conceptions of the municipal assem­
expected under the circumstances, their statements bly’ s character, because they seem to us to reflect very
largely took the form of a reply to criticism in the accurately the general doubt over what this governing
press. This criticism, as our readers are aware, has body would turn out to be. We must confess to
chiefly concerned three provisions of the Charter: sharing this perplexity. Considered in the most im­
the creation of a municipal assembly with 89 members; partial light, this proposed city legislature lia3 appeared
the division of this body into two separate houses; and to us a factor in city government extremely hard to
the assignment of the city's police management to a classify. Tue Commission clothes it with all the sem­
blance of authority, only to strip it forthwith of the
board of commissioners rather than to a single head.
General Tracy, in a published interview of February accompanying power. It is certainly not a law-making
3, declared himself positively in favor of the proposed body; for it is not permitted to originate any import­
municipal assembly. The present city government he ant measure. Yet it possesses all the forms of such a
describes as “ autocratic, bureaucratic” ; the present body, and much of the argument of its defenders is
municipal legislature, having “ neither positive nor based on tacit assumption that it does make laws. If
negative powers, can neither eDact nor defeat -matters it is a fifth wheel in the machinery of city government
of the slightest importance” . The double-chamber — and such it certainly has seemed to us— people need
plan, in General Tracy’s judgment, “ lessens more hardly wonder at this doubt among the experts.
We have, however, pointed out hitherto the positive
effectually than any other device the danger of hasty
legislation"; the large membership of the proposed element of danger in the assembly as projected. The
assembly he defends on the ground that in large bodies power which that assembly actually would possess is
of this kind “ combinations form less easily and bri­ the power of veto. It cauuot originate legislation, but
bery becomes more expensive and difficult” . In gen­ it may obstruct any measure proposed by the Board o f
eral. Mr. Tracy declares that “ the new departure is Public Improvements; indeed, with a double chamber
educational and may even be regarded as experimen­ whose concurrence is required, the assembly might be
tal” , Hi* own opinion is, however, that “ the time said to possess a double opportunity of obstruction. It
baa arrived when we may try this experiment of en­ is conceivable that this veto power would be discreetly
trusting the people, through their direct representa­ and judiciously employed; such is General Tracy’s
tive?, with a larger share in the management of their expectation, or at all events his hope. In our own
municipality” .
opinion it would be quite as logical to expect discrimin­
This statement, which wo have very briefly summa- ating vetoes from our present Board of Aldermen. The
rir.eb, we believe to bo tho best defence which can be veto power might on the other hand be used to ob­
made of the proposed municipal assembly. In saying struct all measures which had no immediate induce­
this, however, we do not admit that General Tracy’s ment for the vote of individual assemblymen. By
arguments are conclusive, He objects, for instance, such inducement we do not refer to bribery. We
to the “ bureaucratic” form of our present city gov­ agree with General Tracy that the chance of bribery is
ernment; yet every observer of New York’s municipal diminished with a large assembly. But as a matter
history knows that the city ha? derived from precisely of fact, it is not bribery which has brought so many
that feature in its ad ministration the best results of our State legislatures to their present questionable
gained under any one of its successive sys­ status. It is the far more insidious influence which
tems,
It is moreover a matter for surprise
demands support for one member’s measure as the
that General Tracy should base an argument for price of that member’s vote on other propositions.
If
a new and powerful municipal assembly on the im- such exchange of favors be refused, a general block-

F e b r u a r y 27, 1897.]

THE CHRONICLE.

ade is possible; if it be granted, practically every
bill proposed is rushed into legislation.
So far as State experience goes, the second of these
alternatives is the invariable outcome. But the ten­
dency in that direction which exists in a State legisla­
ture would be emphasized in the projected city legis­
lature a hundred fold.
With every assemblyman
sitting first in the council which initiates plans for
public expenditure in his district and next in the
full assembly whose approval is necessary for such
measures, the course of events may easily be imagined.
Let it be noticed, also, that the alternative of com­
plete blockade of legislation or the right of way
to every member’ s bill is presented to the adminis
trative boards as well as to the municipal as­
sembly. The Board of Estimate and Apportionment
is indeed to have a veto power, even over measures
passed by the assembly. On this provision chiefly
Mr. Low bases his own approval of the general legisla­
tive pjan. But how far will such a board, or the board
which has initiatory powers over public projects, dare
to exercise that veto, when the assembly has the power
to retaliate by vetoing any or all other measures
favored by the administration? We are unable to
avoid the conclusion that such a plai would graft upon
this city the very worst vices which have afflicted legis­
lation in the States.
In short, we fail entirely to sympathize with the
notion that New York ought to try this cum­
brous scheme of a city legislature ostensibly weak but
actually all-powerful; subject to veto and able to retort
with v eto; whose legislation one commissioner
wishes to curb and another to expedite ; a
plan which may result in deadlock of city busi­
ness or in the breaking dowa of every bar­
rier against municipal extravagance.
We freely
confess our disbelief in plans of government which are
“ experimental” or even “ educational.” New York ha3
had a century of both; it is high time now to cease
discussing new experiments and to begin applying some
of the lessons of the past. Among the wholly discarded
experiments with which New York’s path is strewn, the
most conspicuous is this very project of a powerful city
legislature. The scheme of a double chamber certainly
makes the matter worse, leading directly, a3 Mr. Low
and Mayor Strong observed in their open letter of last
week, “ to vexatious and costly delay.” The answer of
the Commission’s majority, citing Chancellor Kent and
James Madison in favor of the double chamber, argues
wholly beside the question. Nothing could better illus­
trate this fact than the words there quoted from the
“ Commentaries” of the authority first mentioned.
In this citation the good effect of a double-chamber
legislature is defined as resting in its influence “ to
destroy tne evil effects of sudden and strong excite
ment and of precipitate measures springing from
passion, caprice, prejudice, personal influence and
party intrigle.” The applicability of this description
to the work of State and federal legislatures is obvious;
equally plain upon its face is its total inapplicability
to the corporation business with which municipal
government is concerned. The further argument of
the majority, that a bicameral municipal assembly is
required because the governed community numbers
three million souls, with an annual budget of $60,000,000, seem3 to us equally beside the point. On similar
grounds of reasoning the Pennsylvania Railroad Com
pany ought to multiply a dozen times the mem­
bership of its directing board aad to divide

401

that board into separate deliberative bodies. As a
matter of fact, such a conception of corporation work
is so grotesque that nothing but ridicule would greet
the proposition. The greater corporations manage
their affairs precisely a3 do the smaller companies; the
difference between the two in organization falling, not
by any means on the directing board— the legislature
of the company— but on the working force. Cities
whose business runs on lines quite parallel to those of
business corporations may properly take a leaf out of
this book of business men. Indeed, the common
sense of municipal development has long since repudi­
ated any such complicated plans. It has been lately
pointed out that not one of the European city govern­
ments has tried this plan of a double-chamber legisla­
ture, and that, according to the latest authority, only
82 out of the 376 incorporated cities of the United
States over 8,000 in their population have adopted
such a plan.
Mr. Low and Mr. Strong have put on record also
their objection to the Board of Police Commissioners
and to the qualified power of removal by the Mayor,
both of which principles are embodiei in the Charter
as it stands. They argue for a single head to the
police department, and here again experience is en­
tirely in favor of the opposition. Not only has prac­
tically every first-rate American and foreign city except
New York adopted without question this plan of a sin­
gle head to the police— thus answering the argument tha
such one-man control is daagerous— but New York’
own experience has been as unfavorable to the board of
commissioners as it has been to the municipal assem­
bly. The Beard, in its existing form, has alternated
in its history between political “ deals” of the
smallest sort, and continuous bickering and dead­
lock. The present Board, the best that the city has in
many years obtained, is almost unanimous in protest­
ing against its own perpetuation. As Mr. Low points
out, the creation of the police department into a bu­
reau of elections has regularly been “ the principal
excuse for putting a board of four men, selected for
political reasons, at the head of the police department,
instead of one man to be selected simply because of his
capacity to be a good police commissioner” .
We have taken with some reluctance au attitude of
opposition to these several chapters in the Charter.
The importance of the general plan we do not under­
estimate, nor have we failed to recognize the many
excellent provisions of the other chapters.
The plan
of borough councils, for initiating legislation in the
five prescribed divisions of the city, seems to us
excellent; so excellent in fact that we should be
consent to see the entire municipal assembly project
swept aside, with its anomalies, complications and
contradictions, and replaced, so far a3 its legislative
purpose is concerned, by these borough boards with
their initiatory powers. The provisions of the fran­
chise chapter are equally commendable, notably in the
clauses which withhold power to grant perpetual rights
to occuoy the city’s streets; a move which New York
City ought to have made a generation since, and which
other municipalities, large and small, will be wise in
imitating promptly. Provisions for the administrative
boards in general merit equal praise; in all of these de­
partments the work of the distinguished lawyers on
the Charter committee has been thorough and effective.
But we are not ready to admit that these good ele­
ments are sufficient to offset the radical evils
which we have criticized. ‘ Nor do we believe

•i02

THE (JHRONJCLE.

that decent Jreaptct for the' greatness j^of the
enterprise,
or for
the
virtual
unanimity of
intelligent opinion in the city, will be shown if the
Lglalature hurries this Charter, without debate, amend­
ment, or ample public hearing, into la w. The Charter,
as w.' have said already, was not put forth in shape
each that the people could learn its [actual provisions
nr.ti! last Monday. 1 1 its printed form, it constitutes
a vuluae of soma 828 pages; there are numerous
chapters of important bearing on the future, concern­
ing which outside opinion has as yet had no opportunity
even to form itself. Under such circumstances it is
surely not unreasonable to ask a proper extension of
the tuna during which the Legislature may give hear­
ing? on the general plan and form its own mature
opinion. We are glad to learn that the Cities Com­
mittee of the 8;ate Assembly has decided to grant some
public hearing to outside critics on the charter. The
hear ings ought to be sufficiently prolonged to give the
widest possible opportunity, not only for intelligent
criticism but for study of that criticism by the public.

[V on. L X IV .

2,041,819 tons, and as compared with that total the
1896 product shows a contraction of nearly oie-half.
But it should not be forgotten that 1887 marked the
culmination of the era of railroad expansion, and that in
that year nearly 13,000 miles of new road were built in
the United Spates, or more than ever before in the
country's history.
In 1896 the aggregate of new
railroad construction reached only about 1,800 miles,
or fully eleven thousand miles less. This difference in
the relative activity of new railroad building in the
two periods will account for the great contraction in
the output of rails. However, the aggregate of rail­
road mileage now is very much larger than it was a
decade ago, and hence the requirements for rails for
renewals and repairs must also be larger. Obviously,
therefore, there is room for a heavier output of rails
than that for the late year, even if the low prices
should not have the effect of greatly stimulating the
construction of new road. The following shows the
Bessemer rail production by the producers of Bessemer
ingots for each year back to 1887.
•PRODUCTION O F B E SSE M E R S T E E L R A I L S .

G ro ss T o n s.

OUR STEEL AND STEEL RAIL
PRODUCTIONS.
lu connec ion with the recant developme its ia the
eteel-rail trade a id the large orders for rails which
hare been placed as the result of the break in prices,
it has been *{ lite geiera’ ly stated by the press that last
year - output of |rails in the United States had been
800,000 tons. Information received by the Ohrosiole
indicated that this estimate was too low, aid hence we
have from the firstjreported the production of Bessemer
rails f >r the calendar year 1396 at 1,100,000 tons. Tuis
latter figure proves to hive been almost ex icily right.
Mr, James M. S vauk, the General Mmagar of the
American Iron & Steel Association at Puilidelphia,
has this week famished codpiece statistics for the
yea*, and he finds from official returns mule to him bv
all the producers in the country that th-3 actual pro­
duct of Bessemer rails for the twelve months was
1,102,892 tons.
It will be observed that wi are careful to sptak of
the production as the L> <- •n<r rad production. Tnere
is a reason for this in the fact that the total production
of rails, if we could hive the figures, woal 1 be a little
larger than the sum here given. B -sides the amount
ot rai's rolled by the producers of Bessemer steel
logo's a smad <jnullity of rails is made each year from
other kinds of steel. Tne addition in this way, however,
is not very considerable, and does not materially affect
the find results. Tne production of steel by the openhearth process has in recent years advanced with great
stride?, but the amount of rails made from that kind
of stud is almost inconsequential, having been in 1895
less than a thousand tons—actually only 097 tons; the
q rantiiy of rads "rolled from purchased blooms and old
steel rails" in the same year was 33,517 tons, and these
two items cover the full amount of the additions.
Whether the ad liLion iu 1896 was even as large as this
may be questioned.
At l, Uni,892 tons the Bessemer rail production is
somewhat larg r than in 1891 aud 1893, but barring
these u » y<- irs it i ; -<n filer than in a iy other twelve
month |>sriot d u e 1885. Iu 1895 the output wa3
1,266,081 tons; In 1891, 901,020 tons; iu 1893, 1,036,353 toes : in 1893, 1,453,732 tons; in 1891, 1,219,874
tons; ia ; v i , i ,, .*?, Ji'i tons. Tae y iar of maximum
production was 1887, the output then having been

1896...................................1,102,892
1395...................................1,266,081
1894.................................. 904,020
1803...................................1,036,353
1 892.................................. 1,458,732

G ross Tons.

1891................................... 1,219,874
1890.................................. 1,797,489
1889.................................. 1,470,267
1888...................................1,365,921
1887...................................2,014,819

It will be interesting now to go a step further and see
what the course of steel production has been in recent
years. Tne output of steel now varies independently of
the rail output. Only a 3hort while ago the changes in the
one were largely controlled by the chaigesin the other.
Ia fact, up to within a few yea*s ago the demand for
steel for rails constituted the balk of the whole de­
mand for steel, very little being used for other pur­
poses. Uader the cheapening in the price of steel,
however, a great increase in its use has sprung up, and
theqiantity consumed in general and miscellaneous
ways hence greatly exceeds that consumsd in the
manufacture of rails.
We have frequently dwelt upon this as a new
feature in the steel trade, and noted the expansion
which had taken place in the requirements for steel
for general purposes, even under adverse business con­
ditions. I a 1896 of course it was inevitable that some
set back should occur under the great depression in all
onr industries, bringing, as it did, operations almost
to a staidstill in many lines of business. Hence it is
not surprising to find that, though as compared with
1895 the 1896 output of rails fall off only 163,189 tons,
Mr. Swank reports that the output of steel fell off
almost a million tons— that is, he makes the produc­
tion for 1896 of B ssemer ingots 3,919,906 tons against
4,909,128 tons for 1895. To understand the true sig­
nificance of these com pa neons, however, it should be
remembered that the 1895 output of rails was itself
small (nearly 40 per cent below that for 1887, as we
have seen), while on the other hand the 1895 output
of Bessemer ingots had been by far the largest in the
country’s history. If we exclude 1895, the 1896 out­
put of ingots excels that of any other year, with the
exception only of 1892, when we produced 4,168,435
tons, as against the 3,9 L9,906 tons for 1896. And this is
the result in a year when all our industries were prostrated and when the output of rails wa3 next to the
lowest for a bjfg term of years. The record is cer­
tainly an encouraging one and augurs well for the
future when the wheels of commerce shall again move
with their accustomed speed. Below we show the pro­
duction of Bessemer ingots for each of the last ten
years.

THE CHRONICLF.

F EBRUABY 27, 1897.]

P R O D U C T IO N O F B E SSE M E R S T E E L ING O TS.

Gross tons.
Fear1 8 9 6 ................ ...............3 ,9 1 9 ,9 0 6
1 8 9 5 ...................
1 8 9 4 ...................
1 8 9 3 ....................
1 8 9 2 ................... ..................4,1 6 8 ,4 3 5

Y ea r—

Gross ton S’

1 8 9 1 ........................................
1 8 9 0 ........................................
1 8 8 9 ........................................
1 8 3 8 ........................................
1 8 8 7 ........................................

It will be useful anil instructive to undertake to
separate the rail production from the total steel pro­
duction, so as to see how much steel has remained for
use in other ways. For this purpose we pursue the
method followed by us in other years—that is, starting
with the production of Bessemer ingots we make an
allowance of 12^ per cent for loss through conversion
in order to show the quantity of finished steel to be
obtained from the output of ingots; from the result
thus obtained we deduct the product of Bessemer rails
for the year, and the remainder, of course, shows the
genertl consumption of steel. The following is a com­
parison prepared on that basis.

403

As in the case of our preliminary tabulation in the
issue of the C h r o n i c l e of January 16tb, the fact
which stands out prominently in the final result is
that there has been very little change in either gross or
net as compared with the year preceding. The gross
is $1,011,120,892 for 1896 against $1,011,927,754 for
1895, and the net $301,319,169 against $306,622,527.
In the former instance the loss is only $806,862, or less
than one-tenth of one per cent; in the latter it is
$5,303,358, or 1‘73 per cent. The following presents
the figures in tabular form.
-J a n u a r y 1 to D ecem b er 3 1 .-(201 roads.) ■
-I-nc. o r D ec.— .
1896.
18 9 5 .
A m o u n t.
P .0 ,
M iles o f road Deo. 31.
1 3 6 ,9 5 2
1 3 6 ,3 8 3
469
0-3 5
$
$
8
Sfross e a r n in g s............1 ,0 1 1 ,1 2 0 .8 9 2 1 ,0 1 1 ,9 2 7 ,7 5 1
—80*6,862 O 0 8
O perating e x p e n s e s .. 7 0 9 ,8 0 1 ,7 2 3
7 0 5 ,3 0 5 ,2 2 7 + 4 ,4 9 6 ,1 9 6 0 6 4

N e t.............................

3 0 1 ,3 1 9 ,1 6 9

3 0 6 ,6 2 2 ,5 2 7

—5 ,3 0 3 ,3 5 8

1 73

In the previous year, it will b8 remembered, there
DESSFMEB S IZ E !. I'ROIiIJCIION, III i IT D ie d .
had been a very substantial increase in both gross and
net— $61,740,688, or 6’44 percent, in the gross, and
1908. ' 1802.
TonsofUMOlbs 1896.
1895
ISO!
1991.
1589.
B es’ m er in gots 3,919,900 1,909 128 3,571,313 3,215,680 4,168,485 8,247,417 2,930,204 $26,451,609, or 9T6 per cent, in the net.
But these
L ess 125^ p. c.|
f o r o x ld ’ n, &c.j 18°,988 013,641 446,414 101.960 521,051 405,927 ! 366,278 gains, large though they were, were merely a partial
F in ish ’d steel 3,429,918 4,205,487 3,124,899 2,818,726 j 3,647,381 2,841,490 2,563,928 recovery of the tremendous losses sustained by the
Bessem er rails. 1,102,892 1,266,081 904,020 1,036.353; 1,458,732 1,219,874 1,470,267
railroads of the United States in 1894. In brief,
Steel f o r other!
p u rp oses........ 2,327,026 3,029.106 2,220.879 1,777,37^,188,61911,621,618 1,093,661 then, the roads in 1896 (speaking of them as a whole)
retained the improvement which they had made in
The foregoing brings out in a striking way the
1895 on the bad showing of 1894.
The following
growth in the general use of steel. There has been,
carries the comparisons hick for a series of year3.
as already noted, a great falling off as compared with
Gross Earnings.
Net Earnings.
the amount consumed in 1895—the figures standing Tear &
of
Year
Year
rncreats ot
Year 1 Year Increase or
2,327,026 tons for 1896, against 3,029,406 tons fo r No.
roads. Given.
Priestling. Decrease. J O iren. | Preceding Decrease.
1895; but if we leave out the year 1895 the 1896 total, 12 rros
$
$
f
f i l l
t
notwithstanding this fallirg off, stands higher than in ’ 90(206) 1,007,510.768 985.399.238 f-72,141,63 328.009.153 313,780,669 +14,228,889
’ 91(2191 1,103,636,503 1,056.568 923 4-47,007,58!* 353,353,91s 330,797,404 +22,656,424
any previous year without any exception. As recently ’ 92(210) 1.083,688,637 1,027,204,855
4-56.393,782 345.840,0271338,183,575 +7,706,453
|
as 1889 the amount of steel used outside of that con­ ’ 93(196) 0*7,538,272 984,059,370 -1 8 ,5 20,07*8 !297,907,0 25 j308.330.007 -10,429.043
1’ 94(206) 969.003,527 1.091,975,721 -122972194 '2P1.802.707 332,126,310 -40,323,603
verted into rails was but little over a million tons, as ’ 95'209) 1,020,074.752 959,334,064 4-61.740.08*“ 315.388.153 288,936,544 +20,461,0.9
•96(204) 1,011,120,89- 1,011,927,754
—800.802 301,319,169 300,622,527 —5,303,358
against the 2$ million tons for 1896.
While
the
year
as
a
whole
shows very little change
It is proper to state that we are here dealing simply
from
the
year
preceding
a
sharp
distinction must be
with the steel produced by the Bessemer process. Indt pendent of this there has been a rapid development made between the exhibits for the early months and
in the growth of steel by the open-hearth process, the those for the later months. A 3 Dointed out in our
amount produced by that process having risen from review on January 16th, the general tendency in 18 96
322,069 tons in 1887 to 1,137,182 tons in 1895. No was just the reverse of ttat in 1895; in 1896 the con­
data are yet available to show the amount of that kind ditions and comparisons grew more unfavorable as the
of steel turned out in 1896. The aggregate produc year progressed; in 1895 they had steadily improved. A
tion of all kinds of ingots in 1895 was 6,114,834 tons; statement for the six months to June 30, published in
the loss of a million tons in the Bessemer product for our issue of August 22, showed nearly 18 million dol­
1896 would seem to point to an aggregate steel pro­ lars gain in gross and over 4 millions gain in net, from
duction for that year of only about five million tons. which it is evident that in the last six months there
At that figure, however, it will still stand ahead of wbre very considerable losses in both gross and net.
A summary of the monthly results is subjoined.
that of any other country.
GROSS AND NET EARNINGS.

R A I L R O A D GROSS A A/D N E T E A R N IN G S
FOR 1896.
We present to-day our compilation of the earnings of
United States railrokds for the late calendar year so far
as it is possible to secure returns of both gross and net.
The statement, as ueutl, is very comprehensive, it cov­
ering 204 roads operating 136,852 miles of line (includ­
ing two Canadian and five Mexican roads), with aggre­
gate gross earnings in excess of a thousand million dol­
lars. Besides the roads which ri port both gross and
net, we have quite a number which report only gross,
and we intend another week to combine the two, thus
furnishing an exhibit comprising substantially the
whole railroad mileage of the country as far ai the
gross alone is concerned. In the present article we
shall confine ourselves to the roads making returns as
to gross and net alike.

Gross Earnings.

Month
189«.
J a n ...
F e b ...
March
April..
M ay...
June..
Ju ly. .
Ang. .
Sept. .
O c t . ..
N ov. .
D ec.. .

1895.

*
*
56,820,278 62.15S.059
48,807,309 44,817,879
55,703,785 54,520,323
53,093,587 53,000,051
53,754,704 53,483,703
51,8PM,527 49,222J 83
54,012,901 5+095,12.1
55,282.124 58,618,037
01,007,805 02,156,491
07,106,43 71,143,28*
57,217,250102,895,707
54.227,519 56,865.138

N o t e .— T he

Net Earnings.

Inc.orDec. P. C.
t
+4,082,219
+ 4 ,040,43c
+1,207,412
+092,930
+271,001
+2,075,944
+657,7i 8
—3,335.913
-1,148,686
—3,076,856
—5,0? 8,151
-1,637,619

1890.

*
8*91 10,096,545
e *03! 13,253,606
2*32110,608,988
1*80 14,800,487
0*61 1+406,625
6*43 14,392.573
1*03 [16,157,147
5*09 17,903,317
1*86 20,659,867
5*59 25,043,73''
0*00 IP," 06,027
2*03 18,270,42-,

1895.
*
13,708,251
11,233,972
10,799,652
15,085,780
15,513,496
13,836,754
15.888,186
lP,4f 4,585
20,818,408
26,729,403
22.87P.58*
18,354,74 4

Inc.orDec. P. c.
$
+2.328.2P4
+2,019,83.']
—190,664
—279.29P
-1,106,871
+501, m10
+208,961
-1,411,268
—158,541
-1,685,727
—3,373,501
-84,321

nu m ber o f roads inclu d ed in J a n u a ry waa 141;

16*01
179 7
1*13
1*85
7*13
4*00
1*69
7*27
0*76
0*31
14*71
0*40

iia

February 130 ; in March 14*; iu A pril 13fT; in M ay 125; in J u n e 127;
in J u ly

130; in A u g a s t 133; iu S ep tem b e r 143; in O ctober 131; In
November 134; in D e ce m b er 133,

January and February recorded very large gains,
roughly 9 per cent in the gross in bo th
mouths, and 17 and 18 per cent respectively in
the net; but after that the comparisons berame lea
and less favorable, and from August to December

THE CHKON1CJLE.

404

both inclusive, there was a loss each month in gross
and mu alike, The poorest month of all was Novem­
ber, with a loss of 8 per cent in gross aud of nearly 15
per cent in the net, business in election week having
come almost to a standstill.
In the case of the separate roads, considerable irregu­
larity is observable. The anthracite coal companies,
the rea ls running through the iron districts, aud those
in tin* great manufacturing sections of the Middle and
Middle Western States as a rule have fallen behind;
on the other hand, some of the grain-carrying roads
arc able to show quite substantial gains. The Penn­
sylvania reflects the effects of the prostration of our
leading industries very plaialy, having lost $5,940,900
in gross aud $3,540,700 in n e t; tbi ' is for the lines
directly operated east and west of Pittsburg aud Erie.
On all lines operated or controlled the loss would be
#0,918,000 in gross and $4,237,000 in net. The Read­
ing (including the Ooal & iron Company) has fallen
$1,906,895 behind in gross for the ten months to
October 31, but, owing to a great reduction in the
expenses of the Coal & Iron Company, has only
a small loss in the net. The Southern Pacific
(for the eleven months), with $1,747,992 decrease in
gross, has only $308,113 decrease in net. The Canadian
Pacific, with $1,740,561 increase in gross, has $626,631
increase in net. The Atchison on the other hand, with
only #915,263 increase in gross, ha3 $2,575,790 increase
innet. Again, the Baltimore & Ohio, which under the re­
ceivers has greatly enlarged its business, with $1,254,610
increase in gross, has $1,453,804 decrease in net, caused
by the heavy outlays for repairs and renewals of track
ami equipment. Tbe Norfolk & Western in 1895 had
suffered from a strike of the miners along its lines;
for 1896, with the absence of that disturbing feature, it
reportsa large increase in gross— namely, $1,419,779; in
the net the increase is only $243,209.
On the roads in the spring-wheat districts, the show­
ing for the twelve months is much less favorable than
it was for the six months to June 30. This is due to
the fact that the spring-wheat crop of 1896 fell below
the phenomenal crop of 1895, so that in the later
months the roads lost a portion of the heavy gains made
in 1*9.). One illustration will suffice: The Milwaukee
& St. Paul for the twelve mon’ hs records $744,383 in­
crease in gross, $972,849 decrease in net; but in the six
months to June 30 its record was $2,073,827 gain in
gross, $M4,872 gain in net. The following is a fall
list of the gains and losses above $200,000, both in
gross aod net.
w o v e n -A t CIUSOBk rn GROSS EARNINGS POE 1 2 M O N T H S .
OfcfcsuJtarn F*olSo . . .
K offulk
W estern . .
Buliirijor** h O W o ,...
V *il
A%*‘h Top, 4 B V e ,.,
mi®, Wit * a t, i*m\,

$1,740,581

rlvarilat.......... $5,910,9.
Phil. A R. nnd 6 ! A t S
1,906,8!
Sou thern Pacific! . . . .
1,747,9!
O lev, Oiu. Ohio *r.8 t.I,
965.2L ake fth’o & Mioli. So .
822,0
Now 15nghvnd................
769,6!
712,154 N. V, Ohio A St. h . . .
730,11
060,122 W»ba»h........... .............
687,01
057,964 O n t r id o f N J ........... 1
450,6’
047.42$ ClB. N. O. A Tot, Poe.
346,2;
618,524 B all. A Ohio Sot,til tv
300,4!
610,025 Wo*!. N. Y A Form...
276,3!
D elaw are A H a d so n ..
213,1’
578,880 P eoria A E a s t e r n ......
267,6
500,531 New York Central......
263,81
Grand R ap A l m l......'
228,21
5 1 8 ,1 8 6 A l l e g h e n y V a l i e v . ..."
227,41
454,344 Out!,tin. RaUw.iy.......
223,1!
410,7 m N orthern C entral,
219,4!
373,000 Gtti. A Iron Ramie .. .
214,3:
320,0110 P ltlali. A Lake Erie ..
203,4:

1 ,1 1 0 ,7 7 0

Qttido
M#s tm m KutlanaU-i.
rn , P.
<k Om
C%te*«o & North Wm%
CpflNift* iirtm t West...
T tw m * .....
& Otoih.*
Mm- to it 4k Ms i it *.
Mi or - ffs» I \ Jr 8 , ft,.
Cfhl# ho.ft. St. Q ’-tl O;. , ,
h a n h f , 4g Hunttv
Rri*
....I',
fjMmf&m #
& €M, Trunk
Tol St, L. & Ks*n. (M y

Mex, Itj >ei,«ati©iia3 ‘

BwM. litw h ik Pitts

Mofeie 4 Ohio... . . . . .
Urntgim*________ . . .

315,845
*218,423

2^4,044
22-4.513

T ot*! (M pregent’R
8 6 roa i«i ............ $17

301,078

T h in !
....
30 road*). .., .. #16,832,940
J
rm . month*, t Oownn* lines dtfr#&tlF orxMitwl
th e sen*** i i w ' f n w i # 2 J | 8 iiflO mi
ton m onth* to

October 31.

I'RIUCrVJlt, OKASOEB IS S E T KAKSINQS FOR I -> M O N T H S .
In crease*.
D ecreaaea.
A t o h . T o p . St 8 . F a . . . . $ 2 , 5 7 5 , 7 9 0
P e n n sy lv a n ia ,' .......... $ 3 ,5 4 0 ,7 0 0
B d e . . . . ..........
8 5 0 ,6 4 9
1,45 3 ,8 0 4
B altim o re A O h io ____
C anadian P a o iflo ..........
6 2 6 ,8 3 1 riliu ols Central.......... .
1 ,2 9 2 ,8 0 4
N aw Y ork 1’a n tra l........
4 8 1 ,5 2 8 Ohio. MU. A 91. P a u l..
9 7 2 .8 4 9
N. Y. N. H . A H a r t . .. .
4 0 4 .5 9 4 Ohio. & N orth W est’ll..
8 5 4 ,5 9 9
A tla n tic A P acific........
4 0 0 ,6 5 2 N ew E n g la n d .................
6 3 2 ,0 2 3
L eh igh V a lie n t
....
3 9 5 ,0 0 1 D elaw are A H u d so n ..
5 9 0 ,2 4 3
M iuu. 8 t. P. A 3. 8 . M .
3 7 6 ,0 3 3 C entral o f N. J e r s e y ..
4 7 4 ,1 8 7
Clilo. B url, a Q u in ___
3 7 6 ,8 9 0 M ex ica n C entral ........
4 3 2 ,7 2 8
C e n tra l o f G e o r g ia . . .
3 5 1 ,8 8 7
Olev. (Tin. Ohio.A S t L.
4 1 9 ,9 9 0
M e x ic a n N a t io n a l" —
3 4 9 ,4 0 6
B a lt. A Ohio S o u th w ..
3 7 4 ,2 4 7
O h io . S l .P .M i n n . A O m .
3 4 7 ,0 4 7
B url. 0 ( 1 . Hap. A Nor.
3 7 1 ,0 7 0
O h io , G r e a t W e a t e r u . .
3 1 6 ,9 1 3
D a l. A Iron R ange . . .
3 2 3 ,4 7 1
B t if l, K o c h . A P i t t s . . . .
2 5 8 ,7 6 7
S ou thern Pao ".
3 0 8 ,1 1 3
CIjhr. A O h io ..................
2 4 6 ,0 7 7 N orth ern C entral.............
2 6 4 ,0 1 2
N orfolk A W e ste r n .. . .
2 4 3 ,2 0 9 Phil Wil A B alt.!
....
2 5 2 ,5 1 8
G ran d T ran k * ................
2 3 0 ,9 8 2 D e n v e r A Rio G rande.
2 5 7 ,4 5 3
L on lsv. A N a s h v .............
2 4 3 ,7 0 9
T o ta l (r ep resen tin g $ 8 ,6 3 2 ,9 5 6 BoRton A A lb a n y ............
2 3 6 ,2 0 7
17 ro a d s)...............
N . Y . Ohio. S t. L............
2 3 1 ,7 9 9
W iscon sin C e n tr a l. . . .
2 1 7 ,3 4 8
T o ta l (rep resen tin g
3 0 roads)............... $ 1 3 ,7 5 3 ,8 7 4
* For e le v e n m on ths, i For y e a r e n d e d O otob er 3 1 . t C overs lin e s
direotiy o p era ted e a st an d w e s t o f P itts b u r g ; th e n e t on E a ster n lin es
d ecreased $ 1 ,4 7 9 ,3 0 0 an d o n W estern lin e s $ 2 ,0 6 1 ,4 0 0 , II For y e a r
e n d ed N ovem b er 30 .

When the roads are arranged in groups, the difference
between the conditions in the E ist and those in the
-West becomes very apparent. E ist of Chicago, on
account of the predomioaie9 of manufacturing in­
dustries, the depression in trade has been very severely
felt. West and south of Chicago, on the offier hand,
manufacturing is a less prominent feature, and at the
same time those sections had the advantage of large
grain crops as a rale in both 1896 and 1895— with
the exception of the spring-wheat districts already
referred to.
Hence we find the New E ng­
land group, the trunk line group, the anthra­
cite coal group, and the Middle and Middle Western
groups all recording losses in gross, while in the same
way the Northwestern group, the Southwestern, the
Pacific Coast and the Southern all have gains. It is
noticeable that neither the gains nor the losses are of large
ratio; outside of the Mexican group the largest p er­
centage of change is furnished by the Southern group,
with an increase of 3J per cent.
In the case of the net a like distinction between the
results on Eastern and Western roads is observable,
with this difference, that the Northwestern gronp, like
the New England, the trunk lines, the anthracite coal,
and the Middle and Middle Western, has a loss. Here,
too, the percentages of change are quite moderate, the
largest being 13*88 per cent increase by the South­
western group, due to the great improvement estab­
lished by the Atchison. Following is a summary of
the totals for the various groups. At the end of this
article will be found a detailed statement giving sepa­
rately the results for all the roais grouped uader each
head.
SUMMARY BY GROUPS.

D e e re a s c i,

1.254,m o
0 5 0 .2 0 8
01.5,283

n o v ein u a r 3 0 .

m
^
$]

[VOL. L X I V .

SkCTION OR
OROtTP.

Ja n . 1 to D ec. 31.

Gross Earnings.
1890.

[
i

1895.

N e w BSotfl'<1.(13) 73.253,5170 73,989,000
C ru n k lin e s .(I S ) 200.393,515 207,951,387
A n th ra . c o 0.1(13) >39,188,074 140,793,124
t t a s t .& -M id.(2 3 ) S3.195.701 34-244,001
M id. W e st'B .(3 5 ) 01,395,480 05,110.403
N o r t h w e s t ’ll (151 13),390,984 128.834,548
3 o a t h w e s t ’ n (2 0 i 63,112,050 H2.4S5.17l
P a cific C o o sK 19) 98.384,691 97,8*0.1) 33
• io o th e r ti,,..(4 3 ) 98,117.195 0 5 .0 3 8 ,0 4 1
M e x i c a n ........ (5)
19,407,834 17,830.070

N et E arning*.

j

1898.

|

1895.

I n c . or Dec.

22,064,639 2 0 ,« 3 .8 * 6
83.01U.U1 87,001,453
80.811,107 31.508,974
9,888,538 10,299,429
18,307,003 20,108,942
17,214.500 48,577,769
19,051,207 10,728,574
34,021,149 33,301,508
29.409,820 28,559.792
7,447,084
7,431,202

- 3 8 1 .1 8 7
-4 .0 4 8 ,3 3 2
—595,867
- 4 1 0 ,8 9 8
-1 .7 0 9 ,9 3 9
- L , 363,209
+ 2 ,3 2 2 ,6 8 3
+719,04=3
8 841,034
1-15,882

13*88
310
2*94
0*21

T o t . . (204 r ’ d s ) 1 0 1 1 1 2 ‘892 1011927754 301,319,109 308.022.527

-5 ,3 0 3 ,3 5 6

1*78

1*71
6*60
1*89
3*90
8*95
2*81

M o. eaob .—The miloage for the above groups is as follows: New
England, 5,173 miles against 5,130 miles 1 01895; Truuk lines, 24.408
against 24.408; Anthracite ooal, 6 034 against 6 ,034; Middle States,
3,743 against, 3,738; Middle Western, 11,460 against 11.859; North­
western, 25,8 <2 against 2 5,847; Southwestern, 14,924 against 15,127;
Pacific Coast, 20,061 against 20,537; Southern, 19,939 against 19,579;
Mexican, 4,166 against 4 ,124; grand total, 138,852 against 136,383.

As regards the exhibit for the month of December
there is very little to say, except that the comparison
is considerably better than in the months immediately
preceding, the loss in gross being only $1,637,619, or

THE CHRONICLE.

F ebr u ar y 27, 1897.J

lees than 3 per cent, and in net only $84,324, or less
than one-half of one per cent. Tnis is tie more note­
worthy as in December of the previous year there had
been quite a heavy gain in both gross and net as will
appear from the following.
N et Earn ings.

Gross E arn ings.

Y ear and
num ber
o f roads.

Year
Given.

Decem ber.
1891 (132;
1892 (124)
1893 (121)
1894 (132)
1895 (137)
1890 (134)

$
04,137,168
02,043.259
47,982.276
47,871,095
58,382.240
54.227.519

Y ear
Given.

Y ear
Increase or
Preceding. Decrease.
f
58,870,658
01,501.607
50.283,436
49,838,120
52,704,783
55.865 138

1
+5,266,510
+1,141,652
-8,301,100
-1,930,425
+5,077,403!
—1.037.619

Year
Increase or
Preceding. Decrease.

S
$
21,071,097 18.400.852
20,794,504 20.739.852
15,178,388 18,423,657
15,044,030 15,296,650
19,527,007 10,584,851
18.270.420 18.354,74*

1
+2,004,215
+54.652
—3,245.269
—251,014
+2,942,816
—84.324

A feature in the returns is the tendency towards
economy in expenditures manifested in a good many
cases. The separate roads by no means all show losses
even in the gross—a considerable number have gains.
Bdow is a list of the changes above $30,000.
PRINCIPAL CHANGES IN G R O S S EARNINGS IN D E C E M B E R .

D ecreases

In crea ses.
B a lt i m o r e & O h io ...........
U n io n P a c i f i c .....................
M e x l c i n ,'e a t r a l ..............
N o rfo lk
W e s t e r n .........
L o u is v . & N a s h v ...............
C h e s . de O h io .......................
A t o b . T op . A 8 . F e ..........
C le v . C in . O h io . A S t. L.
S a n A n t. A A r a n . P a s s .
C h o c . O k la . * G u l f .........

Georgia

a

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

A labam a___

O h io . B u r l <te Q n iu ..........
T o t a l (re p re s e n tin g
1 6 r o a d s ) .............

P e n n s y l v a n i a ! ___
$ 1 ,,0 4 5 ,0 0 0
P h il. A R e a d , a n d C .& I
5 6 1 ,8 2 3
C h ic . M il. A S t. P a u l. .
1 9 3 ,7 7 6
S o u t h e r n R a i l w a y ........
1 3 6 .7 8 0
W aoash
................. ..........
1 0 4 .7 8 1
I ll i n o i s C e n t r a l ...............
1 0 2 ,0 8 5
B u r l . C e d . R a p A N o r.
6 1 ,7 4 6
D e n v e r A K lo G r a n d e .
5 5 ,1 3 7
C in . N O . «ft T e x . P a c.
4 3 ,8 3 3
N o r t h e r n P a c i f i c ............
4 1 .2 5 4
N o r t h e r n C e n t r a l........
3 9 ,0 6 4
E lg in J o l A E a s t e r n .
3 1 ,4 9 9
G r a n d R a p . & l u d ___
3 0 ,9 9 7

$ 9 1 7 ,5 6 9 I

T o t a l (re p re s e n tin g
2 1 r o a d s ) .............. $ 2 ,1 4 7 ,7 7 5

C o v e r s lin e s d i r e c t l y o p e r a t e d e a s t a n d w e s t o f P i t t s b u r g ; th e g r o s s
o n E a s te r n lin e s d e c r e a s e d $ 4 4 7 ,3 0 0 a n d o n W e s t e r n l in e s $ 5 9 7 ,7 0 0 .
PRINCIPAL CHANGES IN N E T EARNINGS IN D E C E H R E R .

D ecreases.

In creases.
N o r fo lk A W e ste rn . . . .
C h lo . B u rl. A Q u ia
P h il. A R e a d , a n d C .& I.
C h e s a p e a k e A O h io . . .
C a n a d ia n P a c i f i c ...........
W est J e r s e y A S ea sh ’ re
O r e g o n Irn p ’ t .....................
C le v . C in . C h ic . A S t. L .
8 t L o u is S o u t h w e s t ___
A t c h T o p . & 8 . F e ..........
C h o c . O k la . A G u l f ........
C h ic . A E a s t. I l l s .............

$ ilO ,7 3 9
7 6 ,7 9 9
6 8 ,7 4 1
c O ,6 6 l
4 9 ,9 6 7
4 7 ,2 4 2
4 5 ,2 o 5
4 4 .2 0 8
3 6 ,5 5 6
3 5 ,9 0 5
3 5 ,* 9 9
3 5 ,5 4 4

T o ta l (re p re s e n tin g
1 3 r o a d s ) ...................

$ 6 4 7 ,5 1 9

P e n n s y lv a n ia ! ...............
I ll i n o i s C e u t r a l .................
M e x ic a n C e n t r a l ...............
B u r l. C e d . R a p . & N o r . .
E r i e . .......................................
B a lt im o r e .& O h io ............
D e n v e r A R io G r a n d e ..
S o u t h e r n R a i l w a y ..........

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

T o ta l (re p re s e n tin g
1 2 r o a d s ) ...................

$ 3 0 0 ,0 8 2

t C o v e r s lin e s d i r e c t l y o p e r a t e d e a s t a n d w e s t o f P i t t s b u r g ; t h e n e t
o n E a s t e r n lin e s d e c r e a s e d $ 6 1 ,5 0 0 a n d o n W e s t e r n H u e s $ 1 7 8 ,6 0 0 .

When classified in groups, five out of the nine
groups have losses in gross, but only three losses in net,
as shown herewith.
SECTION OR
Grou p.
Decem ber.
T run k llnes.dLIA n th ra . coal.10)
Bast. A M id.(13;
M id. W e « t’n.(21)
N orthw est’ n ( l l )
South w est’ n .d " ;
Pacific Coast (14
S o u t h e r n ...(.^8;
M exica n .. .. (2
T ot.. (133 r’ ds)

Gross Eamxngs.
1896.

N et E arnings.

1895.

S
15,424.655
4,199.250
1.022.911
3.870.90*
0.9*9.491
5.819.' 93
0.240.801
9,032.221
1,0*. 8,121

1896.

1895.

«
16.441,424
4.773.055
1,093.347
4,033,95'
7,152,723
5,712.908
0.112,589
8.9S0.34
958,712

£
4,486,871
1.000.124
419,687
1,838,834
3.040,795
1,924.590
2,377,47u
3,271,118
345.431

4
4.765,850
980,094
348.338
1,437,52:
8,040,453
1,888,218
2,209,243
3.151,213
443.812

64,227,519 55,805.138

18,270,120

18.354.741

In c. o r Dec.
P. C.
-309,485
0 45
+86.030
8*78
+71,349 20-48
-98.693
0-86
+342
001
+84*72
191
+108.227
477
+ 119,905
380
-98,371 22 17
0-40

-81.324

The following is the detailed statement for the cal­
endar )ear, referred to farther above.
E A .R N I S G 8 O F U N I T E D S T A T E S R A I L W A Y S J A N . 1 T O D E C . 3 1
- O r 088.
— f r e t ------------------------ 1*96.
1895.
1890.
1895. In c . o r D ec.

New Erxohnd —

* A roostook
ennlngton x. (lu ll'd .
Sangor
B oston
A lb a n y .........

$

719,718
241.720
a
9.11 .210
B oston A M ain e.........S19,718,374
Bos. Kev. B ’h A Lynn.
445,6 5
Brldgton A S. R iv e r ..
28.097
Clarendon A P it t s f....
24,809
F itchburg...................... 7,888.617
H oos. T o il. & W ilin ..
60,874
New England................ Pt36o,#0i
N. Y. N. Hav. & H art 20.IH i,550
Phil. K. A Saw B a g ..
087.418
V erm ont V a lley . . . .
•2L8 881
T otal (13 r o a d s )... 7J,2‘>8.979

1

722.583
2 49,113

9,*6l,8'M

19, l-'5.843
271.728
31,839
29,5-1
7,429,954
•54, 15
0.160.382
29,061,744
70 *,903
205.- (JO
73.900.099
1896.

™
, Line*—
r,
1896.
Trunk
•
•
B altim ore A O hio. .. 24,726.113 23.470,603
B. & O. Southw eat’a.. 0 , 1*7,0 3 < 0.
^
A
L. 13.0t 1.403 13,970,705
P eoria A Eastern.. . 1,701,M l
1, .771,-59
*®*le.................................. 31,099.509 30,079.830

f

279.044
4 4 ,1 * 1

2,984,269
6,090,000
63,114
7.725
3.301
2,100,547
10.007
1,207.500
0 ,3 I5 ,? 4 0

192,005
07.608
22.004.039
1890.

$

5.641.287
4*8.00 >
1.904,227
3,131,068
3 7 0 ,0 5 3

8,319,619

$

239,200
00.300
8,220,400
5,5»7.219
93.904
7,934
4.604
2,18*f,>?l7
21,811

1,83 + 89

8,941,152
201,090
77.080

*

+40.744
—22,109
—230,207
+148.8-47
—39,790
—209
—1,203
—22,270
—5,304
—632.023
+404,5*4
—9,010
-1 0 ,1 7 2

—304,187
22,448,820
1895. In c . o r Dec.
«
$
7.096. 91 —1,454.804
—374,247
2,2/8,474
—419,990
3.551.018
-120,317
603,200
+050,049
7,000,870

405
------- Gross.-----------.

1896.
1895.
1896.
Trun k L in es—(Con.')
$
t
*
Grand T r u n k .............. .al6,925,523 016,322,139 05,123,400
a251,508
Chic. A Gr. T ru n k .. 02,859,4 0 02,629,740
0920,757
0875,213
" ' ““
099,107
Det. Gr. H . A YLilw
6,139.348
Lake Sh. & M ich. So. . 20.193.950 21, >10,034
3,463,000
M ich. Cen. & Can. So . 13,818,000 13,651,419
N. Y. Cent. & H u d. R . *4,0/5.026 41,338,888 14,314,530
6,317,951
1.19«, 759
N. Y. Chic. A St. L ... . 5.587,7*0
Penn. - E ast P. A E .. <162,090,577 <164,027,177 <118,203,568
W est P itts. & Erie. .<135,013,790 <139,024,090 <111,209,990
. 64,161,177 51,037,139 61.2)5,007
Phila. & Erie a ..
Pitts. U. C. & St. L . .611,3'>4,934 615,483,373 63,724,) 89
6439,9-6
Pitts. Y ou . A A sh .. . 61,388,20b 61,730,002
11,963,904 12,650.904
3,338,307
W abash

-------N e t.—
1895.

I n c . or Dec.
$
$
04,892,418
+230,982
o8b,6S8
+165.880
0108,093
—8.926
6.305 1U5
+134,243
3,468,188
-5 ,1 8 8
13, p33,002
+481.523
1,428,558
—231.799
(l19,682,868 —1,479,300
<113,271,390 —2,061.400
61,177,099
+37,908
64.234,827
—510.638
6717,951
—277 965
3,488,9*0
—It 0,613

T otal ( 1 8 r o a d s )...
A n th ra cite Coal—
Cent, o f N ew Jersey..
D elaw are A H u d s o n ..
A lb a n y & S u sq.........
N. Y. & C a nada........
R enss. & S a ra to g a ...
Del. Lack. A W e s t’n ..
N .Y . L ack . A W e st.
Syra. B ing. A N . Y . .
Leh igh V a lle y S............
N. Y. Ont. & W e ste rn .
N. Y. Susq. A W e s t ...
Phila. & R e a d in g ........
Coal & Ir o n ................
Sum m it B ra n ch ...........
L yk ens V a lle y ..........
T o ta l (13 r o a d s )...139,186,674 140,793.124
Middle S t a t e s A d iro n d a ck ..................
A lle gh e n y V a lle y .......
Annap. W ash. A Balt.
Bath A H am m on dsp..
Buff. R o c h . A P itts b ’g
Buff. A Susquehanna..
C u m berland V a lle y ...
Dun. Al. Val. & P ittsb.
Fall B r o o k .....................
H unt. A Broad T o p ..
Lehigh A H u d son . ..
Newb. m tch . & C onn.
N ew Jersey & N Y ...
N. Y. Phila. A N o r f...
N orthern C e n tra l........
N orthern N ew Y o r k ..
Phila. W ilin. & B alt...
Staten Isl. Rapid T r...
S ton y C’v e A Cat. Mts.
Svr. G en eva A C orn ’g.
WaikiII Valley..............
W eat Jersey A S e a sh .
W est. N. Y. A P e n n ...
T o ta l (23 r o a d s )... 33.495.70*

34,241,091

Middle W estern—
C hicago x A lt o n .........
Chic. A W est M ich ___
Cin. Jack. A M ack......
Cin. P o rtsm ’th A Va..
C lev. Canton A S o.......
C lev. Lor. A W h e e l’g •
Det Lansing A N orth.
D etroit A M ackinac...
Elgin J o lie t x Eaat’n.
E vansv. A R ichm ond.
F lin t A Per© Marq —
G r. Kapi ls A Indiana.
.
Illinois C en tral............ +21,820,034
Ind. D ec. A W e st’ n . . . c38*.303
Indiana 111. A I o w a ... i
Iron ..................................
K anawha A M ich........
Lake Erie A ll. A S o ...
Lake Erie A W estern.
Louis. Evans A St. L . .
M a n is t iq u e ..................
P eo. Dec. A E v an sv...
Pitts.C bar. A Y o u gh ’y
P lttsb ’g A Lake Erie..
Pitts Lisbon A W est.
Pittsburg A W e s t’ n .
St. L. Van. A P. H .. ..
So. H aven A E astern.
T . H aute A Ind innap .
T. H aute A L oga n sp ’t
T . H au te A P e o ria ___
T o le d o a O hio ent. .
T o l. P eori i A W e s t’n.
Tol. St L A K. C it y ..
W ab. Ches. A W e s t ...
T otal (35 r o a d s )... 64,395.460
1890.
N orthw estern—
£
Burl. Ced. Rap. A No.. 4,450,034
Chic. Burl A Q uin cy.. 34,170,450
Chic. Gt. W e ste rn ....... 1,08+489
Chic. Mil. A St. P a u l.. 31.862,3 3
C hicago A No. Pacific.
813,795
Ohio. A N orth W est... 32,177,150
Cbtc. s t . P. M. A Ora.. 8,150.102
f i -------- ■ f l ------ H --------1 1*8,675
442,256
}. 1,973.840
Iow a C en tral............. . 1,71+114
K eokuk & W estern
39 ,143
. 1,094, *27
8.'88,0*4
W iscon sin C e n tr a l.... 4.260,078

380,300
2.188 372
1,079.702
380.028
1.904,572
3,148.167
4,3+1,729

134.fi 10
879,4 20
570,729
137,430
8 0,732
1.507,493
1,41+093

.130,309.984 120.884.543 47,211,500
1895.
1890.
1890.
*
*>
$
111.971
90,476
10.' 32
29.777,401 28,802,13.8
8,4*20,414
1,070, -57
81'1.063
2)2+508
1,521,037
1,744.782
411,*206
10.782
9.816
696
7,2-18.379
7,291.570
2,901,-. >52
01.264
62.889
30. 27
1.01'>,878
1,' -6.702
241.<'01
<1.97,479
«301,489
as 9,1 5
4,181,739
4,53o.2<8
1,122. <-42
297, 42
2o 2,674
23,148
5,0)5
),953 ■
d e f.21,72*
44 .073
453,019
188,600
6. 99,408
6,005,913
2,4 .0,9)8
4 ,-8 ).2 n l
5,053,184
9 2 8
2.117 290
1,9; l 821
691.322
19,910
62 200
> .140
2-2.776
300,963
74,3 <1
3.1 1,716
3.091.480
703.-51
278.234
287,790
140,039

Southw estern—
Arkansas M id lan d ...
A tch. T op. & 9 m . Fe .
Chic. Oklah. A G ull*, .
C olorado M id lan d___ .
C rystal..........................
).
E urexa Springs..
.
.
Kan. C. Ft. 8. A M em ..
Kan. City N orth w est.
K an. C ity A Beatric.
Rio G rande Southern.
St. Louis x Sa i Fran.
St. Louis S o u th w ........
San. A n . A Ar. P a ss ....
S ilv e rto n ..........
T e x a s C en tral..............
Un. Pac. en. A G u lf..
W aco A N o rth w e s’n . .

T otal (20 ro a d s).. 63,4*2.056
1896.
Pacific G oa d —
*
3,530,501
A tla n tic A P a cific ....
- anadlan P a c i f i c ___ . 20,081,5 8
N evada C en tral.........
37,'2.18
O regon Im provem en t.. 3,235,230

02,455, *74
1895.
*
3,510,110
18,941,037
•0.156
3,<21,033

19,051.2 )7
1890.
*
759 298
8,107.5+2
8.143
8U9 495

—1.303.209
I n f . o r JJec•
—21,802
+2.675,790
-♦38,004
-1 4 2 ,2 3 0
I
—2 142
>
—257.453
- 1 , 84
i
—11,765
i

—3A.Jo3

+1H.494
1 22,345
— 105
—10,328
+ 81, <91
+01.224
+ 135,677

- 2 '3 2
-3 7 * 8 6

—14, 65

—ln j a i

1 HE

406

C H R O N IC L E .

[VOL. LA IV.

a sharp fall in all departments of the Bourse, while French
holders sold securities on a large scale here in London.
All this led to a general decline in prices in every market.
ft 2f+ Pi
Of course there have been in circulation the most alarmist
: 4 |w I
I# ffftgi
rumors. Unfortunately the Great Powers are apparently
bt, ft V
AC'4
?i-ft M
doing nothing, though we are again assured that the concert
tfA iisui •
is complete, that the Ambassadors in Constantinople have
> l t 5!>t.2vO0\t6CI
ffoofcattf tmlu %Ncl, . 1-M..7W
concluded their negotiations and that everything necessary
-.0
m u t, »*4**3*
iSbll.3M.tOl
will be done. But these assurances are followed by no actioD,
K
b
j
!*
*
»*'3
b
ft
‘
■
*
9
4
,1
1
9
?
8ft tu4 1' s
M\4.078
ftl*JcMkft «i- l*llftd il’Tfi.ldW 5*44,770
and the public everywhere is, in consequence, losing patience
....
a i well as hope.
Atcfe. P*l ft 1*4* - .
M
il* 5276.?03
At. i t ttf AW«bi *
In French business circles there seems to be growing up a
ft Ttitant ...
97,0*0, m
somewhat bitter feeling against Russia. It is estimated in
1895.
imn.
France that the French holdings of Turkish, Servian and
S/‘VSh4Jm
$
t.STI.546
Bulgarian bonds, Ottoman Bank shares and the like, amount
557.707
til0.3+
507,527
fttU»t* a
i\ns»i mi,um
to
about two milliards, or, roughly, 80 millions sterling, or
$50+83
£\Tm
400 million dollars. All these securities have depreciated
2-+7>U
x Atlantic.
greatly in consequence of the anarchy in Turkey, and every
5+448
m.im
5.1*0,922
Centra.* of
..
body knows that that anarchy has continued for nearly two
dilV8.i
a
l3+9rj
Char. Cfttt. A Sutton.. 5-56.588
522.927
years
now, solely because Russia would not consent to any
wM&m 9.7mMi
Cm SMI a r*v. fac.. KJtttMH 3,717,94*1
effective
measures being taken to compel the Sultan to grant
1S?,S57
S' A J*dr*aft. ■ 187,653
9.327
the reforms required. In private conversation French
0«dM! ft Ait- Union.
km>m
1,357.760
...
—
bankers and brokers bitterly complain that, while France
495.414
Qmiemma JUmuBA.. ^4,123
881,855 830,881
Oat. * aO»*i».%Ela....
has lent thousands of millions of dollars to Russia, and has
47,880
4+851
Quit A Cklmux ----Mmekmtxt. T. ft K. \Y. gu+tiSS
387,109
supported her policy loyally in every part of the world,
Km. C SUm. A lllr. . 1.195.317 1,130,‘21
191+91
£07,331
A EMent
Russia cynically refuses to do anything or even to permit
444.585
Wnlrr, Hen. ASt. L
4mM%
t-osiMv. A Sasimlle. , go 20+510 19,809,.198
anything to protect the interests of French investors in the
r1.‘85
72,015
Umm & Bircuiasimm
Umnp, A
. 1,32538*5 1,266,036
Southeast of Europe. As the week is drawing to s close there
Mt#«e * Eirralo^U'm. 3.4^.768 2950188
Mol>m A OMo, ..... 3,7i6.839 3.492,316
is a somewhat better feeling, but bow long it will last nobody
NaMiv.Cfefti..% I. . 5.604.913 4,87*,863
Norfolk .t wmuntr. - 11*061.840 0/02,087
dares
to say.
<1*7.950
U tl«...
OhioItHtr............. 068,070 887+41
Money is very abundant and cheap, and is likely to continue
Ohio *VVv........ .
©300,055 <1334,244
519.814
510.227
............
so. Trade is good, except the Lancashire cotton trade, which
it. - . i’T- l k Pot’mac 095,094
72+442
388.075 340.991
is Buffering from the cessation of Indian purchases because of
Htebm* 5ft
3,11-,177 ri.
flor. riortvl*
ft
W
oat..
Up. Oi**la %,fl.
iB\-m
178331
plague, famine and money stringency. But though the gen­
Aotsttef* fcwtwft.# 18,595.346 13,818328
eral trade of the country is good, there is very little demand
59+127
W V”*,! - at- ft Ptush.. LI“-2,012 1,111,705
for banking accommodation. Gold, too, is coming in from
•14 m
W. VinrleUift Pittsb.. a$>7*808 <2343,9*5
m.mi
WrigMsx. ft T«mslie..
+18,438
85,728
abroad in large amounts. There was an exceptional export
28,559.7 2 4811,034 to Egypt to move the cotton crop four or five months ago, and
Tolul <43 rondsi... 98,117 195 950)33,0.11
1895. Iw. or Dec.
1893.
181*6.
189a.
nmd* *
$
Nt'iPan Cootral . ... 10.2*6030 0,405,836 . * .
8,890,475 - £ U , m now a very exceptional return is certain to fake place. Be­
«t. .*78.649 «08>.05l +»24,743 '+70,90S
u « tie. m
cause of the failure of the wheat crop and the small wool clip
(11+
25,7*7
a1,850,709 +319,100
Iloxima
—
ai,0*7.773
379+43
714,212 081+43
305.68L +13,082 Australian exports of commodities will be small, and
Mesfeata Noribcm
+31,551
909.328
Mvnmmf ft Mex,cktff 1,152,748 1+11,875
3-4.071
therefore Australia will need to send to London more
Totsii ,5
1+4*17+31 17+28,07
+15,822
7,431.203
gold than usual, and in spite of the difficulties in South
Srws tom *201r m lOUIftMM 1011927751
Africa the usual remittances from that country will go
« m
'* &
>ud.mmimrimi} tor this road are for eleven months ended Nov. 30, on, Upon the Continent political apprehension is checking
siher retaroa not feeingready yet.
**» th
anted infootings, because In-eluded In earnings of the systemunder business in every direction, and therefore it is probable that
*road apiwsars:
wadetimnarijM'>n for this road are for ten montlis ended October 31. gold will be sent from the Continent, too, to London, It
' f o r r< ended Oc . m 31.
looks at present, therefore, as if low rates will continue for
*St, Loaf* AUmj ft Terre Haute for fall periods inboth years.
• ended No — uher So.
several months.
ft Mont; "d not included for the Unit half of 1895.
firthe hoe* directly operated; including the lines conAt the end of last week the Bank of Bombay raised its rate
alia for t e two years*are approximately as follows:
;——grow.-— ....-v ,— ------ Net.----------, of discount from 10 to 1 2 per cent, the reserve of the bank
l+*+
1895.
1896.
1895.
r. k
‘....... f-*'!.'X+»0O f8-i,747,780 $21,491,000 $.20,669,295 having fallen in a single week from a little over a crore and
7 ...... I2.U7.000 45,9.8+031 11,103,000 13,192,230
a quarter to three-quarters of a crore, Tt is not known to
..ft
2,000 fl32.7fO.3U $.35,624,000 $30,801,525
what tin's extraordinary decrease is due; ail that is certain
is that the present reserve is the lowest on record. The
J U o n e ta v iig (!:o m m c v c ta l^ ttg lts ftB .c m s
general .resumption is that the quarantine measures taken all
over Europe, as well as the plague in Bomhay, prevent the
Lomx««, SATrnrtAY, February 13 b, 1897.
(From our own corroftpondenC j
export of Indian cotton, that the growers and the merchants
f >;r .j !• has lm u passing through a period of intense polili are, in consequence, compelled to carry the cotton and that
' i-» t^ iu n tfiis week, A fortnight ago Mr, Chamber the Bank of Bombay has found itself compelled to finance
iair.'s - atement in the House of Commons that the Transvaal them. The outlook in India every where is very dark.
\ a. raw! had patsed measures distinctly contravening the
There is hardly anything to be said respecting the Stock
Convention of London checked the recovery that was be­ Exchange, except that it is sound, that there is very little
ginning In ntarkf's, and induced a fear o f renewed troubles speculation, and that prices are all lower for the week. The
o Snath Africa. J hen the r<sumption of fighting between fortnightly settlement began on Tuesday. There was ex­
Chfv-iMU-. end Mohatntn.'dans in Crete increased the appre. ceedingly little demand for loans, and the banks o i the aver­
•
* !*'iJ- ' '■** di iturh.ino- in Crete have become so serious age bad to content themselves with rates ranging from 2 + to
that all the I’.e v m haw gent warships to the island, and 2% per cent.
iw > ‘ " 'd not •rity sh ip , but torpedo boats, w ith a
In Paris the monthly settlement passed off easily, as the
fi nis, i’ftfico in ciuu’nand; and naturally it is feared that a scare had not then begun. Now. however, the losses incurred
collision will tnkf place between the Greeks and the Turks,
have been very heavy. Still a serious breakdown is not
-s , t. <-hd <f i- . t week the < hancidlor of the Exchequer feared But it is apprehended that there must be many liqui­
tiiiibe a statement r*.sp“ cling E^ypt which intensified the dations, As said above, French holdings of the securities of
alarm, as it wa. feared that the French Government might SoutheasternEurope are estimated at about 80millions sterling;
reciit!,mute, On the top of Mil this came reports that new French holdings of Spanish securities, including the railways,
BJasWiCres were likely to occur io Turkey. And then came are cs'imated at about 100 millions sterling, making together
Knottier report that the Russian fl-rt at S bastopoi w a y being 240 millions sterling, or not very much short of 1,000 million
eagerly pn pared for oii emergencies. Aa a consequence tiicre dollars, and the depreciation of these securities has been
wag a panic upon the St. Petersburg Bourse at the beginning grievous during the past year and a-half. Add to this the
of this wtck, and, though the uneasiness in Paris hag not been immense losses of French investors consequent upon the
quite *o great, it threatened to become acute, and there was break-down of the South African boom, and it will be underN*L-

t#9J,
»

n ...

ft'

THE CHRONICLE.

Fe b r u a s y 27, 1897.]

407

. E n g l i s h F i n a n c i a l M a r k e t s — P e r C a b le .
stood how great, in many oases, must be the embarrassment.
Last of all it is believed that the great Chinese loan and some The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Feb. 26 :
of the Russian loans have not yet been placed.
The following return shows the position of the Bank of
Wed. Thurs.
F ri.
L ondon .
Sat.
Tues.
Mon.
England, the Bank rate of discount, the prioe of consols, &o., Silver, per o u n c e .-...d . 29H X6 29H 16 2 9 H ,6 2 9 * 2 9 * 29H 1S
112*
112*
1121316 112%
oompared with the last three years:
Consols., new, 2 * p.ots. 11191S l l l k
112k 1128,„ 1121*16 11215,4
F or a c c o u n t ............... l i n i j s 112
1894.
1895.
18C0
1897
C ircu lation .................. .
P u b llo d e p o s its ................................
O th er d e p o s its ................................
G o v e rn m e n t s e c u r itie s ................
O th er s e c u r it ie s ..............................
R e s e r v e o f n o te s and c o in .........
in A b u llion , both d ep a rtm ’ts
r o p . re s e rv e t o lia b ilitie s ., p. o.
Bank r a t e ............ .. .. .p e r c e n t .
C on sols,
per c e n t ...................
S ilver ..............................................
C lea r!n g-H ou se r e t u r n s ............

Feb. 13
Feb. 12.
Feb. 10.
£
£
£
24,725,820
25,011,300
24,903,510
13,843,553
7,939,071
13,175,053
49,007,702
83,107,524
40,099,405
12,478,488
14.509,323
14,707,030
17,551,791
20,449,522
29.455,015
39.941,895
29.113,035
28,853,433
37,043,855
43,110,405
37,703,793
53 7-10
70M
am
2
2
3
104*
103 7-10
112%
27 5-10d.
30^ d .
29 ll-1 0 d .
129,209,000 123.474,000 114,302,000

Feb. 14.
£
24 153,750
8,085.453
27,819,488
9,238,583
23.012,02 9
21,208,943
28.972,093
58 15-10

99 9-10
2»m .
131,819,000

The rates for money have been as follows :
Interest allowed
for deposit* by

Open Market Hate*.

£
e

Trade Bill*.

Bank Bill*.

«
London. A
C

Di*c’t H'se

Six
Three Four
Stock At 7 to 14
Six
Three Four
Months Months Months Months Months Months Banks. Call. Days

2Ki
an. 15 4
254
m
*• 22 m 2*-5-10 2*-5-10 2 5-10
“
29 3 * 2 1-10 2 1 13 2-2 1 10
24
2
Feb. 5 3 w - s k
2 02*
"
12 3
m
m
m

8H

2h @ H
2'4
2
2 02*

2H
24

2*
2 02*

24 2H

254
2
2

2
2

i«
1*

114

w

254
2M
Ik
Ik

The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Feb. 5

Feb. 12.
Rate* o f
Interest at

P a ris..................
Berlin................
H a m b u r g .........
F ra n k fort.........
A m s t e r d a m ....
B russels..........
V ie n n a ..............
3t. Petersburg.
M a d rid ..............
C op en h a gen . .

Jan . 29.

Bank
R ate.

Open
Market

B a nk
R ate

Open
Market

B a nk
R a te.

2
4
4
4

ik
2k
2k
2M
2*
24
854
6k
4
4

2
4
4
4

1 15-16

2
4
4
4

354
3
4
0
5
4

2k
2k
254
254
2*
854
ik
4
4

3k
3
4
0
5
4

8k
8
4
0
5
4

J an . 24.

Open
Market

Bank
R a te.

2

2
4
4
4

254
VA
2T4
2*
2k
3H
0
4
4

Open
Market
f

2
1354
8k
3k
254
2k
m
0
•.4 r
4

3k
3
4
e
5
i

Messrs. Pixley & Abalt write a s follows under date of Feb­
ruary 11:
G old—No change has taken place since we last w rote, cither In the
character o f the dem and or In the prices offered. The Bank has re ­
ceived during the week 2195,000, chlelly from A ustralia. A rriv als:
South A frica, 21 15.0 00; Australia. 2112.000; Bom bay, £ 6 6 ,0 0 0 ;
Ohilt, 22,000; total, 2 297,000. Shipments: Japan, 2366,100; Bombay,
232,501); notill. 2398,900.
Silver—with a very slack demand and som e fairly largo arrivals the
m arket has given way a little, but is steady at the reduction. The
latest Indian price is 3 0 k Bs. per 100 Totalis. A rrivals: Yew York,
2177,000; Australia. 22,000; Chili, 211,000; total, 2220,000. Ship­
ments: Hong Kong, 25,000; Bom bay, 250,300; total, 255,300.
M exioau Collars—With small dealings in these ooin tho nearest rate
is 20 M 1. Arrivals from N ew Y ork, 216,000. Shipments to Penang,

The quotations for bullion are reported as follows:
G old .
London Standard.
Bar gold, fine___ oz.
Bar gold, partlng.oz.
Spanish, o ld .........oz.
N ew .. ...............oz.
U. 8. gold o o ln ...o z .
Gqrm’n gold ooln.oz.
Frenoh gold oola.oz.

Feb.
11.
s.
77
77
76
76
76
76
76

Feb.
4.

d.
10 k
11
Ok
Ik
5k
3k
3k

s.
77
77
76
76
76
76
78

[1

S il v e r .
! j London Standard.

d.
10k
11
Ok!
Ik
5k
3k
3k

Bar silver, ftue...oz.
Bar silver, oontalu’ g
do 5 grs. gold.oz.
do 1 grs. gold oz.
do 3 grs. g old.oz,
Cake silv er..........oz.
M exloan dollars.oz.

Feb.
11.

Feb.
4.

d.
d.
2 9 ii16 29 k
303! Q 30 k
30
30 k g
2913I6 2 9 k
32
32k
29*
29k

Fr’ oh rentes (In Paris) fr. 0 2 2 2 k 102-40 0 2 -47k 102-70 102-70 0 2 -9 2 *
14*
1434
14%
Atoll. Top. & Santa F e . 1 4 k
14k
14k
23*
24*
23
Do
do
pref. 2 3 k
23k
56*
56
56*
Canadian Paolflo.......... 5 5 k
56
56k
173g
1730
17*
17k
17k
77*
78
77 k
Ohio. Milw. & St. Paul
77 k
78k
77k
42*
42*
42
Denv. & R io Gr., p re f.. 42
42 k
14*
Erie, co m m o n ............... 1430
14*
14k
14k
14k
3434
34*
34*
1st p referred .............. 34 k
34*
34k
95
95
94*
94%
Illinois Central....... ...... 9 4 *
94k
160
160
160
160
50*
51
Louisville & NasbvUle. 5 0 k
50k
50k
50k
69
69*
69
69*
69
13*
13*
13*
Mo. Kan. & T ex., oom .. 13
11k
95 k
95*
N. Y . Cent’l & Hudson
95k
95k
95k
95 k
14*
15
N. Y . Ontario & W est’n 1 4 k
14 k
14%
17*
17*
N orfolk A West’ n, pref. 17
17 k
17k
39*
39
No. Pao. p ref., tr. roots. 38 k
39k
39 k
53 k
53*
53k
P enn sylvania................ 5 3 *
53 k
53k
12*
12*
12*
Phlla. A Read., per sh.. 1 2 *
12 k
12k
9k
South’n R ailway, oom ..
9k
9k
9k
9k
2
8
*
29
2
9
*
2
8*
28k
6k
7
7
7
7k
1
6
*
Wabash, p referred ....... 1 16 k
16k
16k
16k

© o m m e v c t a l a n d IJ X ts c e lla tie c r its |£ e w r s
N a t i o n a l B a n k s .— The following information regarding
national banks is from the Treasury Department:
IN S O L V E N T .

738—The First National Bank o f Franklin. Ohio, was, ou F ebruary
17 .189 7, placed In the hands o f J. D. Hiller. Receiver.
3,024—The First National Bank o f Olympia. WaBhiugton, was, ou
February 1 7 ,1 8 9 7 , placed lu the hands o f Albert A. Phillips,
Receiver.
3,048—The First National Bank of Griswold, Towa, was, on February
1 7 .1 8 9 7 , placed In the hands o f Ira F. Hendricks, R eceiver.
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at New York for the week ending for dry goods
Feb. IS and for the week ending for general merchandise
Feb. 19; also totals since the beginning of the first week in
January.
F O R E IG N IM P O R T S A T N E W Y O R K .

For week.

m pc

»

t

».

Supplies available for consumption (exclusive of stocks on
September 1):
_
1896-7.
Wheat Imported, ow t.31,766,010
Im ports o f Hour........10,390,450
Bales o f hom e-grown. 12,659,819

1895-0.
30.103.460
9.523.650
7,191,180

1894-5.
30,515,360
8,904,600
9,935,829

1893-4.
26,971,079
8,788,683
11,504,350

T otal......................54,816,279

46,823,290

49,415,795

47,264,092

1896-7.
Aver, prioe wheat,week.30s. 7d.
Average prioe, season .,2 9s. 5d.

1895-6.
20s. 4d.
___
24s._l i d .

1894-5.
20 s. 8d.
19s. 9d.

1893-4.
25s. 7d.
28s. 8d.

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
*’ heat ..............q r s ...2 , 110,000
F loor, equal to q r » ... 395,000
Maizv................q r s ... 860,000

Last week,
2,495,000
325,000
890,000

1896.
2 , 2 0 1 ,0 0 0

363.000
803.000

15395.
3,063,000
253.000
411.000

1894.

T o t a l ........
Since Jan. 1.
Dry g ood s___
Gen’I mer’dise

*9,421,123

$8,804,448

$11,658,963

$7,130,095

$17,603,647
47,808,732

$22,334,306
46,736,406

$24,985,008
43,804,308

$14,074,875
38,300,847

Total 7 weeks..

*65,412,379

$69,070,712

$68,589,976

$52,381,722

$2,911,138
5,993,310

$4,569,178
7,089,785

$2,368,022
4,762,073

The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
w e e k ending Feb. 22 and from January 1 to date :
EXPO RTS FROM N EW Y O R K F O R THE W E E K .

1897.

1896.

1895.

1894.

For the w eek ..
Prev. reported

$8,030,334
46,652,421

$8,100,353
46,322,182

$5,826,372
41,343,967

$6,473,292
42,821,904

Total 7 weeks.

$54,682,755

$54,422,535

$47,170,339

$49,295,198

The following table shows the exports and imports of speoie
at the port of New York for the week ending Feb. 20 and
ince January 1, 1897, and for the corresponding periods in
1896 and 1895:
E X P O R T S A N D IM P O R T S O F SP E O IE A T N E W Y O R K .

Exports.
Hold.

Week.

Imports.

Since J a n .l.

Week.

Since Jan. 1.
$10,177

$40,000

$256,390

South A m erica.......
All other countries.

31,545

74,986

Total 1897........
Total 1896........
Total 1895.........

$71,545
8,250
101,985

-

11896-7.
1895-8.
1894-5.
1893-4. g
Im p ortsof w heat,ow t.31,768,010 30.103.460 30,515,366 20,971,079
13,303,750 12,700,690 15,167,544 15,385,284
B arley.............
Oats.............................. 9,203,710
6,390,940
7,159,537
0,112,053
Peas.............................. 1,807,718
1,453,100
1,247,489
1,281,196
06 an s........................... 1,454,910
1,852,610
2,132,872
2,329,671
Iffdlan oorn..................27,164,400 19,429,580 11,489,014 13,313,480
if lo o r ............................ 10,390,450
9.523.650
8,964,000
8,788,663

1895.

$2,739,904
6,6*2,219

The following shows the imports of cereal produce into
t h e United Kingdom during the first twenty-three weeks of
the season compared with previous seasons:
~ AH

1896.

1897.

D ry g o od s.......
Gen’I m er’dlse

Silver.

$331,376
11,880,985
20,776,948
Exports.

Week.

Since Jan. 1.

Great B r ita in .........
F rance......................
G erm any..................
West Indies.............
M exico......................
South A m erioa.......
A ll other countries.

$1,052,210

$5,391,239
431,000
3,600
10,830

Total 1897........
Total 1896........
Total 1895........

$1,052,210
1,099,045
498,102

11,475
$5,348,144
7,196,926
4,540,529

$0,099
1,500
3,997

10
182,733
19,300
71,353
14,016

$11,596
3,699,927
1,272,805

*297,595
16,236,207
2,031,202

Imports.
Week.

Since J an.l,
$545

$7,389
13,380

41,990
178,739
92,874
2,179

$20,769
44,185
2,582

$316,327
322,101
190,155

—The Mutual Life Insurance Company of New York omtinues its marvelous growth. Its annual report of business
for the year ending December 31, 1896, shows that the o n pany possesses net assets aggregating $234,714,143 42. Dhs

C H R O N IC L E

i;a>»luti* on tb» rixka in force amount to 1205,010,683 73,
leaving * Jsurplu# fund of $20,783,514 70, This shows an in*
crease in admitted assets daring 1806, according to the New
York Stan*undttrd, of $13,040,000 33, anti an increase insur*
(lit!-, of $2 , 4 >;~tH, The tout income of the company for
th* v•ir was <4y.7t'3.6',»7 37. The amount paid to policy*
hollers aitgr.-cated $35,437.M3 50. Since the date of its organ­
isation, us IMS, the Mutual Life Insurance Compitny has paid
to living nitmht is $358,059,451 53. and to the beneficiaries
of deo afrtd meBtbeis $178,045,748 78, making a total of $437,000,195 39, The company fata insurance in force amounting
to over $918,000,000.

v——--- Hour.—----,
Week Sim* Sept.
Feb. 20. l . i m

E xports for
teeth arui since
Sept. 1 to —

bbbL

hhls

Do turn Kingdom

214,520

Jtber countries..

0,002

Oontlnenl.... ... 4 ,5 7 3
SAC. America,. S»,«46
West Indies.. . 17,171
4rlt, N. A. Col's. 3,O€0
T ota l

Tatal KW&-88.,.,,

269,817
312.0ii3

4.M10.O45
580.431
470,509

,
r— ------W h ea t,-—
W eek
Since Sept.
Feb. 20. 1 .1 890.
bm h .
bush.
873,935
108 ,429

53-,742
133,654
122,570

25.200,271
7,010,785
10,448

.......
13.000

6,024,017
6,505,874

Since Sept.

1F «&

1.

Feb 2 0 .
bush.

1898.

bush.

3,134,143
3,400,888
4.817
10,853

058,129

37,079

855.800 82,848,014
520.233 22.832,080

0.051,378
1,833,070

41,285.096
3 7 ,1 2 1.084
117.282
524.308
240,078
1.170.L86

80.714,531
47,514,492

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Feb, 20, 1897, was as follows:
Corn
bush.

Wheat,
bush.

In itore at—

Oate
bu'-h.

4,576,000 l,S9i».000
382,000
31.000
60.000
100.000
112.000
220,00?)
225,000
201,000
7,274,000 5,798,000
3,00.>,000
015.000
4,000
7,000
31,000 1,833,000
80,000
1,550,000
'98,000
1ssJodo
2,859,000
17S,000
Togo
1,053,000
24,000
1,770.000
395.000
46.000
168,000
2,4H,000
54.000
84,000

328,000
__
9,000
285,000
64,000
351,000
74,000
232.000
185,000
431,000
720,000
14,000

R ye,
bush,

B a rley
bm h.

289 ,000
8,000

364 .0 0 0
fr2,O0O
10.000
1,117,000

«
1*480,000

130.000
97.000
100 Ori,.
95.000
927 .000

432,000
7 H ,0 0 0
97,000
60,000

41,000

' s 'd o o o

40,000
<1,000

i

New ¥ork,.,.,,....... 3.068.000
Do afloat.,.,.. 1.028.000
Buffalo.............. . 1.487.000
Do afloat,,... 246,00?)
CmciMiO......... .. 11,430.000
Do afloat*.,.. 2 *0,000
lilwankee........... 270,000
Do afloat.....
»ain.tk.............. 4.072.000
Do afloat..... 4U2.000
1.O10.OUO
*etrott
sio.odo
OsweKo................. 25,000
St. Louis.............. 1,048.000
Cincinnati.............
6.000
Boston .......... ...... 721.000
2!«,000
Toronto........
450.000
Philadelphia.......... 519.000
Peoria. ... .... .
147.000
Indianapolis......... 321.000
421.000
KansasCity.....
410.000
Baltimore......
Minneapolis.......... 17,547,000
OnMississippi Biver
On Lakes...., ........
Oncanal andriver..
Total Feb. 20.1897.45,215,000
Total Feb. 13.1897.40058.000
Feb. 22 1890 65.01U.000
lln sdoufl. Figure* Brought From Page 432.—The Total
Total Feb. 23.1895 79,470,000
statements below are prepared by us from the figures of the Total Feb. 24.1894 77,258.000

i i

—The fifty*Ofst annual report of the Connecticut Mutual
life Insurance Company was issued this week. A s usual,
President Gtet-ne takes the opportunity in presenting the
annual r>jwri to explain at length the company’s affairs and
incidentally to discuss the theory and right purposes of life
insurance, vii.. pure life insurance at the lowest possible cost
outwittent with absolute safety. The remarks of the Presi­
dent are given at length on subsequent pages and will be
found in'.errssing reading. Regarding the position of the
Connection: Mutual. Col. Greene remarks: "So far as the
absolute safety of every present policy-holder is concerned,
or ~ i fnr as hi. future dividends would be affected, it is not
necessary that we should ever write another new policy.
The com’jjany would pay out to the very last man and main­
tain the same relative "high dividends without it. The only
reason for taking new business is that we may give to new
families the same secure and cheap protection that those of
our present numbers are getting. The latter have no need
whatever for any new business.'’
—Messrs, Winslow, Lanier & Co. will pay dividends on a
number of securities, a list of which will be found in another
column.

[V ol . LX1V,

i l l l i

TH E

ifr-o
r r 5.®.®:

m

26,000

59,000

11.000
245.000
211.000

’ 81,000

23,413,000 13,585,000 8.877,000 3,390.000
24.394.000 13,494,000 S.m01,000 S.mMO
11,510,000 6,918,000 1.541,000 2,130 00)
12,909.000 0,772,000
340,000 1.532, On
18.171,000 2,831,000
541,000 l.ttIG.GOo

New York Produce Exchange. We first give tne receipts at
Western lake and river ports, arranged so as to present the Auction Sales,—Among other securities the following, not
comparative movement tor the week ending Feb. 30, 1897, regularly dealt in at the Board, were recently sold at auction:
ami since August 1, for eaoh of the last three years:
By Messrs. Adrian H. Muller & »Son:
Flour.
m,H9

C&dmmo,
iMtoUl,..>.„
Mlxzntmp'll*
T&tedto,...**
Mro4i--- *

2,319

um

2,700
7S0
^310
&.70O

Clm-Mma..
0L M l . . .
Pornih, , ..

KaatiMCltf
Tot.wlL*07

imtsu

Corn.
Wheat.
Qati.
Barley.
Ryt
BusKmtb* Brnh.ma>$ RmhMlbs Bush. ISlbs BmhMlb

111,175 1,520,360
06.200
11,700
374.145
10,797
645.120
27.730
29,330 004,203
18,83!
31,035
820
6,057
79,015 1,007.275
001,050
59,000 385,000
1,442,709 4,251.49?
1,971,591 2,334,649
1,628.081 1,702,012

2,808,0851 581,415
256.000 172,000
109,553 159,902
227,870
21,000
35,670
21,918
10,124
852.0Q0
59.250
387,550
25,200
84.000
4.237,832 1,019,335
1,988,512 738,885
1,785,988 308,931

110,077
50,60!
90,551

184,220
WM.*M
m,nt)
8*M#WiL*9$
Sine* Amg.1.
7,231,301 119,013.909 419,972,113 110,929,373 30,634,504 5,583,267
wm-vi.
1S0&-M...
um -m ...
a. tie

150,516.350 73,024,113 89,230,958 29,077.643 2,668,910
t.670,! 00!112.440.719 49,97*2.014 &4.83E511 27,207,897 1,759.447

(c u c iu b a v i u u u i t*uu

ix a i

wmk ended Feb. 20, 1897, follow:
Hour. Wheat, C om ,
BmripUtat—
UA*.
bush.
bush.
Mm* Torn.......... n«.7«f£» 102,425 773,176
97,176 230,472
Port*m........ .
....
ja,ios 10. - .
'
mMb i.om.mi
HM7
u.mn m>Mn i,i4$#30
HIcit133Oti4.
tjm*MH0 !,071,227
w jm
...
m'im
...... B't.Ooo
Mmfpori Mm*.

...... 2120,569
......
26,713
119,774
......

OskJTrsKliffO

VmwaML M# ,
m, Aahn* ft. w.
Wk

SSL

1,061,1170

R ye,

800,000 210,600
79.352
m.mi
"750
90.088 52,400
90.090
5,000
21,712
58.890

bush.

2M5i
45'
2,40
50,23

20,000

644,760

1*7.

88,58

32,24

S

pa**, l o g t h r o u g h N e w O rleans? f o r t o t e m

anm

K

gbit all ib
Cforece tm
E ;3jii.l F r t

ojMsiOft
M70,9*l
097,470
:*il.Mtjm

I1M .

S.HI.m
1.4439,9:10
IUH1.0O5
4,781.404
7m.m\
104,197
iS#0?Ȥ4e

sm s.

1804

1.7.M.H5

2.143,05
1,889,08

11,423.541
3.247 IS
897,37

25,87
17.482,92

9,315,21i

•/om_the several seaboard ports for the we.

mm

Chmk,
tnuih.

Flout ,
bbu.

(Mt4

■ frtuh
190,059
ISM 7
m m jm
&4,»«0
w a d # a it a t f r
1*5,9.44
a l a r n a # i t w ». miMi®
30,1 M
mmt
iM & sm ■ t m m
t 0 , 0©0
P 0 ctim k zm im , Q u. “f l p i s
00,690
nMMMt5 c f i >6 wer*> i * k / S
20.CW
'm M 'i
a& oihcfr r t p o f 'i |
A t H i# e n d c.

?O0.S4«|

.

e a g e r l y prepare? l f o r a i l em #rg< f s d e ? .

five.
39,265

Oon. 5s, g„ 1931 ..A & O 5103
Im p t. 5s, g„ 1934..J& J
77 T o
B leek. S t. & F u l.F .- S tk . 29-a
1s t mort., 7 s, 1900. J «feJ $106
Brooitlyn B apw T ransit. 2 0 «e i
B’way <&7t2i A ve.—Stock. 197 205
ls tm o r t.,5 s , 19Q4.JT&D $105 108
2d mort.,58,1914.J<feJ $100
B,w aylst,59,gn ar,1924 $115 i i f ‘*
2d 5s,in t,a8 rent'1.1905 $102 105
Oonso!. 5s, 1943...J& D 1183-J 119
Brooklyn City—S to ck .... 174 *3 175
Consol. 5s, 1941...J & J
Bklyn.C roast’n 5s. 1908
105
B kl’n.Q’naC o.& Snb.let l l
104
Bklyn.C.&N’ w t’w n—Stk 160
5s. 1 9 3 9 ....— . . ......... $110 112
Oentral C rosstown—Stk.
1st M ..6s.l022,..M tfcN £ S
118
Cen.Fk. N .& B .B iv.—Stk. 153 160
OonsoL 7s, 1902...J& D 112 114
Columbus «fe fith A ve. 6 », 118 118k
O hristV r& lO tli S t - S t k . 150 156
1 st m o r t,,l898 ...A & O 101 104

D. D. E . B. <fc B at’» - 8 tk .
le t, gold, Sa, ISa^.JA D
S o r ip .................................
E igbm A venue—S to ck ...
Sorip, Sa, jl914— .........
4 2d A Cr. St. Fer.—Stock
42d St. Man, <fc S t.N . Av,
Istm o rt. 6 s, 1910.M<feS
2d mor t. income 6 s . J <feJ
L ex. A ve.& Pav,Ferry 5s.
Metropolitan T raction ...
Ninth A venue—S to c k ...
Second A venue—Stock-.
1st m ort.,5s,1909.M &N
D ebenture 5 b, 1909.J& J
Sixth A venue—8 to o k ....
Third A venue—S to c k . . .
I stm o r t., 5s, 1 9 3 7 .J&J
Twenty-Third S t.—St’k.
Deb. 5s, 1903............
U nion B y—S t o c k .............
1st 5s, 1 9 4 2 ..............
W estchester, lefi,gu.,5».

163

165

a

!S „
350
50

112
$100

nM
107
m
108

102

Ilk

n ik
108
170
136
110

195
15434 155 ^
122 122 ^
300
1

fH « 105
{ 101 k, 102

“

ttas Securities—Brokers’ Quotations.

Th- t das ri-.’Kipts at ports from Jan. 1 to Feb, 20compare
follow# for four years:
V.IOO.WB

B on d s.

1 A ndnaorued in terest

18.944

tm .m n 6,ma,W5k» 1,342,357
IW M 7

» Ummi$
u;'i lo clu d ft irralM
■pm%*mi ... (g.hmm of ladrag.

Barley,
bush.

S hares.

10 Kings Co. Bk. of Bklyn.,110 $1,000 Metronolit. Perry Co.
13 Kniekerrooker Trust Co.180
1st 5s, 1937, M&N...........109%
6 N. Y. Life Ins. & Tr. Co,1019 $1,000 Milwaukee City UR.
30,803
Bonds.
Co. 1st 5s. I9ii8, JAD......103
33,000
La Piillette Coal &
$1,000 West. Bide RR.Co.,Mil­
30,119 $2,000
Iron Co. 1st 6s, 1913...$100 lot. waukee, 1st 53, 1909, J&J.104%
...»
1,095
City Railroad Securities—Brokers’ Quotations.
■ .....
*, ..
8,400
Bid, Ask,
Bid. A«k.
0,600 A tlan. A ve., B 'klyn—

Pern,
bush.

Barit
hush

l ,409 151,01
8,044

i n .i m

Bid. Ask,
GAS OOMPAN1E8.
GAS COMPANIES,
92 Pooplea* (Jersey City}....
B’klyn D illon <*»(!—Stuck. Of.
WilliameburR 1st 8a..__
109 ^
Fulton Municipal 6 s.....«
195
75 lEouitable.... . . . . . . . . . . . . . .
Cotiaiimora' (Jersey Oltyj. 70
100 103
1st, Paul..................... .
Jersey City <& Hoboken.. 180
.
Metrdpolitan~B ond b. . . . .
Bonds, lie.......................
235 1;Standard p ref............ .
Mutual (N. Y. .. . . .. . . . . . . i l
N. / . & Bast Blv. 1st 5e.. 10434 105 fr* Common........................
Tl Western Gas ..
........
Preterred.................-- - 76
46 h 47^
95
90‘s
---- —
Consol.

B a n k in g
S p e n c e r

nnci

Bid.. Ask.
170 175
102 hi
105
202 200
78
10s l
59
89

li l
81
108
82
Hi’s
901*

g 'in n u c in l.

T r a s k

&

C o . ,

BANKERS,
27 «c 29 FINK STREET,

-

-

NEW YOKE..

6 5 S ta le S t r e e t , A l b a n y .

27,6*28

I N V E S T M E N T

S E C U R I T I E S .

(>HOBOS BABCX.AT MOSTfAT.

2l|f|| 161,8

« • » I Kin- Upon the fir. P.-iersburg
of this wick, and, though the uneasinessie week and sin
quite ?o great. St threatened to become -he t-otals for t
.arison:

M
30 F I N E

o f f a t

ALKAANOKR M. WHITB, .18

& W

bankers,
STBEET
-

h i t e

,

SB W t O B R

INVESTMENT SECURITIES.

The following were the rates of domestic exchange pn New
York at the under-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying par, selling %
premium ; New Orleans, bank, $1 00 premium; commercial,
25c. per §1,000 discount; Chicago, 55c. per $1,000 discount ;
St. Louis, 25@40e. per §1,000 discount.

I 3 a ttk e rs r (S a ^ e ite .
D I V I D E N D S .
N am e o f C om p a ny.

R a ilr o a d s (S te a m ).
B o sto n & M aine com . (quar.) ...
D ela w a re & Hud. C anal (quar.).
P ittsb u r g J u n ctio n c o m .................
S treet R a ilw a y s .
N o r t i Shore T rac. (B oston) pref.
W est E nd S treet, c o m ....................
'I ts e e lla n e o u s .
U n ite d S ta tes L ea th er p r e f..........

B ook s closed.
(D a y 8 in clu siv e.)

P er
Cent.

W hen
Payable.

i%
i%
7 5 c.

April 1 Feb. 28 to Moh. 4
Mar. 15 Feb. 25 to Moh. 15
Mar.
1 Feb. 25 to Feb. 28

3
3%

A pril
April

1 M eh.21 to Apr. 1
M ch.14 to M ch .23

1

A pril

1 M ob.16 to

A pr.

United States Bonds.—The market for Government bonds
has been active and prices advanced. Sales at the Board in­
clude §397,000 4s, coup., 1925, at 122% to 122^; $21,000 4s,
reg., 1925, at 122%; $162,000 4s, reg., 1907, at 111% to 112;
$200,000 5s, coup., at 113 to 113%; $5,000 5s, reg., at 113%,
and $10,000 currency 6s, at 106%. The following are the
closing quotations:

1

W A L L S T R E E T . F R I D A Y . F E B . 2 6 . 1 8 9 7 - 8 F . JH.

The Money Market and Financial Situation.— Aside
from some aotivity in investment securities, business has
been dull in Wall Street during this week, and the introduc.
tion of one or two additional holidays would evidently have
made but little difference in results. The foreign political
situation has been watched with interest. As that improved,
attentioa was turned to Cuban affairs anl the discussion of
that subject in the United States Senate.
For one reason or another there seems ta be a general disposi ion to delay operations in all departments until the in­
coming Administration shall have become established, its
foreign policy somewhat definitely defined and its tariff
measures fixed or better understood. In the meantime there
is an unusual quiet in financial circles, which was only mo­
mentarily disturbed by the passing of the Columbus Hocking
Valley & Toledo Railroad into the hinds of a receiver. The
latter movement was not unexpected, however, and the an­
nouncement that a receiver had been appointed was followed
by the statement that the speedy and successful rehabilita­
tion of the company is assured.
The progress and completion of the work of the Senate
Committee in its investigation of Trusts have not been re­
garded with especial interest, as it was apparent soon after
the investigation began that no startling developments were
likely to follow. If this inquiry should result in lessening
the feeling of antagonism which exists in some quarters
towards corporations in general, and railroads in particular,
it w.ll not have been in vain.
There is a fair proportion of recently-reported railway
earnings which make a favorable showing, but a new impetus
to general business is needed to make them satisfactory.
Progress in the right direction may now be looked for, as the
improvement in the iron industry, which was assured by the
breaking up of the steel rail combination, is beginning to be
felt. The foreign exchange market has been unusually feature­
less during the week and there is no change to note in the
money market.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1% to 2 per
cent. To-day’s rates on call were 1% to 1% per cent. Prime
oommercial paper is quoted at 3 to 4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £545,874, and the percent­
age of reserve to liabilities was 53-41, against 53TO last
week : the discount rate remains unchanged at 3 per cent
The Bank of France shows an increase of 845,000 francs in
gold and 1,089.000 francs in silver.
The New York City Clearing-House banks in their statement
of Feb. 20 showed an increase in the reserve held of $5,176,600
and a surplus over the required reserve of $55,665,950, against
$51,638,225 the previous week.
1397.

Feb 20.

D W e r e n ’ sfrom
F r e e . w eek. |

1896
Feb. 21.

it

18 9 5.
Feb. 23 .
$

C a p ita l................... 1 5 9 ,772, 7 0 0
61 1 2 2 ,7 0 0 61 6 2 2 .7 0 0
S u r p lu s ................. | 7 4 ,888, ,100
73 ,0 1 7 ,lo o ! 72 ,0 2 3 ,2 0 0
L oan s & d lsc ’n ts. 4 9 8 .7 4 7 , 600 Deo. 1,620, 100 457, 7 9 5 ,8 0 0 482, 6 1 5 .5 0 0
C ir c u la tio n .......... 10,613, ,400'D ec. 110, 1001 13, ,386.400, 11 ,9 2 9 ,6 0 0
N e t d e p o s its ........ 5 7 2,670, 6 0 0 f n e .4 ,5 9 5 , 5 0 0 489, ,7 3 2 ,6 0 0 528 ,5 5 9 ,9 0 0
S p e o le ................... 8 2 ,317, 0 0 0 J n c .2 ,6 2 4 ,500| 63 ,9 20,900| 74 1436.700
L egal te n d e r s ___ 1 1 6,016, 6 0 0 I n o .2 ,5 5 2 , 100J 87, 1 3 9 ,3 0 0 ' 87 5 2 6 ,0 0 0
R e se r v e held ........ 1 9 8 ,8 3 3 e o O I n c .5,176, ,600 151, ,0 6 0 ,2 0 0 1 6 1 ,9 6 2 ,7 0 0
L eg a l r e s e r v e ___ 143,167, 6 5 0 |l n c . 1,148, ,8751122, ,4 3 3 ,1 5 0 1 3 2 ,1 3 9 ,9 7 5
S u rp lu s r e s e r v e

5 5 ,6 6 5 .9 5 0 ln e .4 ,0 2 7 ,7 2 5

2 8 ,6 2 7 .0 5 0

2 9 .8 2 2 .7 2 5

Foreign Exchange.—The market for foreign exchange has
continued dull and firm without material change in rates.
There was a better ioquiry for bills to-day and the market
showed a hardening tendency.
To-day’s actual rates of exchange were as follows: Bankers;
sixty days’ sterling, 4 85@4 85%; demand, 4 87@4 87%,
cables, 4 87%@4 87%.
Posted rates of leading bankers follow:
F eb ru a ry 26.

Prim e ban k ers’ s te rlin g b ills on L o n d o n ..
Prime oom m ercial........
D ocum entary co m m ercia l.............................
P a ris bankers' (fra n cs)....................................
A m sterdam (guilders) b a n k ers...................
F r a n k fo r t or B rem en (retohm arks) b’kers

S ixty D ays.

409

CHRONICLE.

D em a n d .

1 85% ® 4 86 4 87% ® 4 88
4 84% ®4 84%
4 83% ® 4 84%
5 18%® 1 8 l,« 5 1613la ® 16%
4 0 % ® 4 0 t,e
4O1I 0®4O%
95 ® 9 5 i,«
95f>,8®95%

In terest
P erio d s

Feb.
20.

2 s , -------------- - .r e s. Q.-Moh. * 95%
4s, 1 9 0 7 ...............res. Q .-J a n . 111^1

* s. 1 9 0 7 ............oonp.
As, 1 9 2 5 ...............reg.
48, 1 9 2 5 ........... coup.
5 s, 1 9 0 4 ...............reg.
5 s, 1 9 0 4 ............coup.
6 s, onr’o y ,’9 8 ...r e g .
6 s, o n r ’o y ,’9 9 ...r e g .
4s, (C h e f.)1 8 9 7 .re g .
48, (C h er.)1 8 9 8 .reg .
4 s , (C h e r .)1 8 9 9 .r e g .

Q .-J a n .
Q -F e b .
Q .-F e b .
O .-F e b .
Q .- Feb.
0 . A J.
J . A .1.
M arch.
M aroh.
M arch .

1
1

THE

F e b r u a r y 27, 18»7.]

;

"113
*122*9
* 1221*
*113*s
113%
*103%
*106**
*103*9
*104 1
*104 1

J
<3
A
J
O
a

Feb.

Feb.

Feb.

Feb.

23 .

24.

25.

26.

95% * 95% * 95% * 95%
112
112
*1 1 1 % 112
113 *113 *113 *113
1223s 1 2 2 % * 1 2 2 % ‘ 1 2 2 %
1221a 1 2 2 % 1 2 2 % 1 2 2 %
1133i *113% *113% *113%
1135s 113% *113% *113%
'103=8 *103% *103% *103%
106% 106% *106% *106%
103% *103% *103% *103%
'104 *104 *104 *104
'104 *104 *104 *104

* T h is Is th e p rloe bid a t th e m o rn in g board, n o sa le w a s m ade.

United States Sub-Treasury.—The following table shows
the daily receipts and payments at the Sub-Treasury during
the week.
Date.

Feb.
••
“
“
"
“

20
22

23
24
25
26

R eceipts.

*
4 ,3 9 7 ,0 8 9
7 ,9 9 6 ,4 3 8
3 ,2 5 4 ,6 7 2
4 ,0 3 1 ,9 0 0
3.37 8 ,5 9 1

T otal' 2 3 ,0 5 8 ,6 9 0

P a y m tn l 8.

Ilalances.
C oin.

$
$
2 ,6 8 7 ,8 7 1 1 2 6 .9 7 9 .8 7 6
.H O L ID A Y .
..
7 ,9 5 3 ,1 9 3 1 2 7 ,3 1 1,*37
2 ,6 8 9 ,6 1 6 1 2 8 ,2 8 7 .6 2 2
2 ,3 5 7 ,5 1 2 1 2 9 ,5 5 4 ,6 1 2
2 ,9 8 8 ,3 2 9 1 2 9 ,6 7 4 ,9 7 3

C oin C ert’ s.

(C urrency .

2 ,2 3 4 ,9 6 7

*
6 0 ,3 6 4 ,0 4 8

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

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

$

1 8 ,6 7 6 ,5 2 1 1 ..................... 1 ...................... 1 ......................

Coins. -Following are the current quotations in gold for

coins:

S o v e r eig n s............ $ 4 86
N a p o le o h s ............ 3 86
X X R etohm arks. 4 74
25 P e s e t a s ............. 4 7 7
Bpan. D o n b lo o n s.1 5 55
M ex. D o u b lo o n s. 1 5 5 0
F in e go ld b a r s ...
par

® $ 4 89
® 3 89
a 4 78
® 4 81
® 15 7 5
® 1 5 75
®% prem .

F in e s liv e r b a r s ... — 64% ® — 65%
F iv e fr a n c s ............. — 9 3 ® — 95%
M exican d o lla r s .. — 50% ® — 51%
D o un oom ’o l a l . . ------- ® ---------P er u v ia n s o l s . . . . . — 45% ® — 47%
E n g lish s ilv e r ___ 4 84 ® 4 88
D . 8 . tr a d e d o lla r s — 6 5 ® — 7 5

State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $10,000 Virginia 6s deferred trust re­
ceipts stamped at 6. $9,500 Virginia 2-3s of 1991 at 62 to 62%
and $1,000 Alabama Class C at 98%.
The market for railway bonds has been strong and gener­
ally steady through the week on a fair volume of business,
the activity in this department being more noticeable than
in tne stock market. Investors continue to take freely good
bonds when offered, buc such offerings are limited and a
large proporiionof the business is in the speculative issues.
Kansas Pacific 1st consols, and the Hocking Valley issues
have bsen the principal features : the former have advanced
2% per cent on the prospective value of ihe new securities to
be allotted under the plan of reorganization, and the latter
were bid up from 5% to 10 per cent on the appointment of a
receiver. The active list includes also Atchison, Missouri
Kansas & Texas, St. Louis & San Francisco, San Antonio &
Aransas Pass, Union Pacific, Denver & Rio Grande. Rock
Island, Milwaukee & St. Paul, Northern Pacific, Oregon
Short Line, St. Paul Minn. & Manitoba, Chesapeake & Ohio,
Erie, New York Ontario & Western, Reading, Mobile & Ohio,
Wabash and West Shore bonds, in which fractional advances
and declines are about equal.
Railroad and Miscellaneous Stocks.—Exoept some specu
lative manipulation of the industrials, the stock marke
presents almost no feature of interest. The entire group of
coal stocks.has been weak and Central of New Jersey de­
clined nearly 2 points, which it recovered to-day. Hocking
Valley advanced to 6% on Tuesday but .declined to 3% on
Thursday, when it was announced that a receiver for the
company had been appointed. The grangers have been strong
and steady as a group, although Mo. Kansas & Texas preferred
declined about a point. To-day’s market was the best of the
week. Lake Shore advanced 2% points to 160, Central of
N. J. advanced 2% points, Manhattan El. 2 points and Bur­
lington & Quincy 1% points.
The decline of the Trust stocks noted in our issue of the
13th inst., which followed the opening of the Senate Com­
mittee’s investigation of Trusts, has been recovered in most
cases, the Committee having completed its inquiry. Ameri­
can Tobacoo has gained 3% points within the week. United
States Leather preferred declined on the announcement of
a one per cent dividend and the annual statement of the
company, but ha3 more than recovered the loss and doses 2
points higher than last week, American Sugar has fluctu­
ated between 113 and 116%, closing at 116%.;

TH E

410

M'\r Y0 HK STOCK EXCHK S H t i - A C T I V E

C H R O N IC L E .

STO CK S f o r toeek en d in g F E B .

[VOL. LX1V*

20,

an d sin ce J A

Mi.m4a
f t

m

TurwUj. ’ w«lttfl«4»y,, Thursday,
Frb. 38.
Fel>. 24.
Fob. 28.
A c tiv e H R . S to c k s.

14% *14% 14% A t.T op . A 8 .F e ,a lU n a ta l. paid
;14% 14%' 14% 14% 14
22% 23 V
, Do
pref.
23
23% 23
23% 2 2 % 23
*%
%;Atlantic A Paolflo.................
%
'%
*%
%
’%
%
15%
15%
Baltimore
A
Ohio..................
16
15% 18%; ‘ 15% 15% •15%
201% 2 0 %'Brooklyn Rapid Transit........
21
21
21 | -2 1
2 1 % 21
55% •5 4 % 5 5 %;Canadian Paolllo..................
•54% 86
'54% 55% •54
44% 44%: 44% 44% §14% 44% 4 4 % 45% Canada Southern..................
96% 95% 97% Central of New Jersey..........
97
97% 95% 97% 95
•11
12 . ‘ 1 0 % 1 1 % 1 0 % 1 0 % •1 0 % 1 1 % Central Paolho..
17
17
17% 17%:
17% 17
‘163 ‘ ........ Chicago A A lton ............... .
■163
•163 ........ 164
73% 74% 73.% 74% 73% 75 Chicago Burlington A Quincy
x73% 74%
*42
45 Ohioago A Eastern Illinois..
*42 45
*42
45
' *42 45
*95
98 „
Do
pref.
98
596% 06% *95
i *93 98
75% 76% 75% 70% 70% 76% 75% 76% Cliloago Milwaukee A St. Paul
Do
pref.
133 133% 133% 133%
134
5133 134% 5138%
.
104 104%; 104% 104% 104% 104% 104 105 Chicago A Northwestern___
.................. I
' Do
pref.
154 154 . ...................
66% 67%,Ohioago Rook Island APaoiflo
6 6 % 67
6 6 % 67 I 6 6 % 67%
49% 49 % -19% 49% 49% 49% 49% 50%:01ucagoSt. Paul Minn. AOm.
Do
prof.
135 135 >185 138 i
•130 135 {135 135
*26
26%j01evdClnoln, Ohio. A St, L...
. *26% 27 I 27% 27% 26% 27

14%
23%
% %
18% 13%
at 31%
38
*$4
44% 44%
8 6 %!
06
12 :
•II
•17
my
§ m % 183'%|
74% 74%;
•40 44 |
•as
83 i
78% 73%
(1*3% 133%
104% 104%
155 138
« % 80%
•48% 49%,
•ISO 137
1* 4
ts

*ao%

27%;

•8

3%-

•....... 40 i
‘ 107 108
•162%.......j
14% 14%i
>,33% 33%:.
418% 18%
•23 31
ISO 123 !
93
03 !
*8 % 7%
♦34% 26 J

•16
17 !
•<3S% 70%:
157 187%
*46

30 j

49
’ ........

48%
%

I

87% 87%
106% 108
*1 8 %
*77
*40
13
Su%
20%

1

»

1

20

*

SO
48
13
30%
20%
22%

l

«
*
J
$

37
83

m

• ii

to

12 1
70
27 1

174
14

i►

it5% ;
14%
• 8 % 8 %:
•24% 25%

*4

• 11% 11%
17%i
*10

14% 14%
38 38%
24
•42% 44
*14

*

§4% 24%:1
13
13 l
*........ 50

l

*117% 118 '
*m
$2
a% »%,
*38% 40
*14% 15%
9H
4
10% 10%

*
j
5
I

*«5
11*
15
9
. S3

|
!
!
s
i

*18

21
I/O

117
W

1

9 j
38%
9%l
7
2 ,
e%
19%.:
1%
6 %;
3%j
1 2 %;!
$$ !
13%
m
!

0%

«%
S

*8

15%
1%
5%
*3
*1 1 %
*$B

13%

*$t

10 t% 102 V

71 *a 7 » V

♦101

li

101

H
? t %‘
140
#4% 34%'
23
23
61% 71%
4%
4%

rr
|149

m

t

!
it
:
i
J
l

*
I
f
1

*
1
\
;
!

1
5

25

‘ 03
......
*l§4% i m
*64% 65
0%
9%
37
37
8%
«Y

i
2 1 % 2 1 %:
♦71
7«
62% 62%
m

*I M

I

m

|
*
f
l

w e bid aa l

.V. 1, IS97.

Sales of
Ranee for year 1897.
tlie [On frosts o f lo o -sh a re lo ts.!
, Week, j---------------------------------------|Shares. \ Lowest.
Highest.

H1O1I&0T A N D LOWEST PR IC E S.

13% Jan.
21% Feb.
% Jan.
14% Jan.
18% Jan.
54% Jau.
44% Jan.
95 Feb.
11 Feb.
16% Jan.
$162 Fob.
69% Jau.

15% Feb.
25% Jan.
% Jan.
18 Jan.
21% Feb.
56 Jan.
46% Jon.
103% Jan.
15 Jan.
18% Jan,
§107% Feb.
77% Jan.

1
3014
8
11
8
19
19
5
18
4
18

§95 Jan.
§98% Feb. 3
> 72% Jan.
77% Jan. 18
— 1131 Jan.
133% Feb. 26
2,746;i02% Jan. 2:105% Jan. 18
326153 Jan. 12 155 Feb. 20
6,1161 05% Feb.
70 Jan. 10
6,274! 47 Jan.
52% Jan. 18
135 133% Jan.
135 Feb. 25
397 26% Feb.
30 Jan. 18
73 Jan.
73% Jan. 4
3% 4% ColumbusHooking Yal. JrToi 15,389
3% Feb.
18 Jan. 8
3% 5
0
6%
5
6%
Do
-10 Jan.
46 Jan. 21
....... <10 '........ 40
pref.
•........ 40 |*........ 40
2,475 108% Jan.
1 2 1 % Jan. 6
106% 107% 107% 107% Delaware A Hudson...............
107% 108 xl0 7 107
157% Jan. 18
154 154% 153% 154% 153% 153% 153% 154 DelawareLackawanna&West 2,472 151 Jan.
100 10% Feb.
1 2 % Jan. 19
1 0 % 1 0 % Denver A Rio Grande.......... .
*1 0 % 1 1 % *1 0 % 12
155
*40%
41%
Do
pref.
40%
Feb.
43% Feb. 1
40%
*40%
! *40% 41%
40%
400 14% Feb.
15% Jan. 18
14% 14% 14% B rie..........................................
14% 14% •14
14% '14
214
33
Jan.
35%
Jan. 18
§33%
33%
Do
1st
pref.
34
34
2 19% Feb. 18! 21
Jan. 15
§24%
Feb.
13
§24%
Evansville
A
Terre
Haute™!'
25
31
Feb. 13
*25
31
*25
31
31
•25
120 Jan. 16 122 Feb. 5
'1 2 0
123 •120 123 *120 123 *120 123 Great Northern, pref...............
348
92%
92%
_
„
DhnolsOentral........................
92%
Feb.
95
Jan.
22
93
§93
§92% 92% *92
93
6 % Jan .
8
Jan. 16
•0 % 7%
•6 % 7%
*0 % 7% *6 % 7 % Iowa Central.......................
26
L
Do
*24%
25
j
an.
27%
Jan.
20
*24% 26
•24% 26
pref.
! ‘ 24% 26
16 Jan.
18% Jan. 18
*16
17 Lake Erie & Western___
*16% 17
•15% 17
*16% 17
720 66% Feb.
70% Jan. 20
. Do
vp
p]>ref.
66% 6 6 %
*6 6 % 69
67% 68
1 §6 8 % 69
2,448 152 Jan. 2 160 Feb. 20
i5 7 157 §157% 157% 157% 157% 157% 1 6 0 B ake Sh ore A M ioh.Southf.em
549
49 L ong I sla n d ...........................
80 42% Jan. 22, 55 Jan. 8
48% *40
*40
50
*46
49
49% 49% 49% 49% 48% 49 V 4 9 % 5 0 % iL ou ftvflle* N a s h v ille ....I .I . 11,475 47% Jan. 5 52% Jan. 19
%
L
o
n
lsv
.
N
e
w
A
lb
an
y
A
OUlo..
’..........
% Jan. 11
% Jan. 11
%
>4*
I
Do
pref.
51 % Jan. 4 §1% Jan. 4
12,841
86% Feb. 16, 94 Jan. 18
89% Manhattan Elevated,consol..
87% 8 8 %, 87% 80% 87% 8 8 % 88
680 108 Feb. 15 110% Jan. 5
107% 107% Metropolitan Traction..........
107 107
107 107
207 107
6 8 90 Jau.
91 Jam 12
§80% 89%; §89% 90
19 Jon.
19% Jan. 29
*18% 20
*18% 2 0
*18% 20 : '19% 2 0
79% J an. 18 78 Jan.
*77
79
Do
1st pref
*77
*77
80
80 ! *77
80
100 46
48 Jan. 30
46
Feb.
♦44
46 ,, , Do
*46
46
2d pref.
48 ! *45% 46
510 12% Feb.
14% Jan. 13
13
13
13
13 Missouri Kansas A Texas.......
13
13 ; 13
13
4,489 26% Feb.
Do
pref
29% 30
29% 29% 30%
31% Jan. IS
30
30% 29
3,220 19% Feb.
24% Jan. 18
2 0 % 2 0 % 2 0 % 21
2 0 % 2 0 % 2 0 % 2 1 % ------mri Paolflo...................
20% Feb.
*2 0 % 2 2 % *2 0 % 2 2 % *2 0 % 2 2 % *2 0 % 2 2 % Mobile A Ohio___ ____ ...
2 2 % Jan. 12
§70 Jan, 25
§70 Jan.
. . . . ..
ngland..
37
37 ! ........ 37 #
37 *
1,152 92% Feb. 1,8 95 Jan. 19
irkC
93
Central & Hudson.
93% New York
93
93
93
92% 92% 93
100 11 Feb. 11 12% Jan. IK
12
New YorkChloago A St. Louis
*11
12
*11
1 1 % 11 % *11
12
*
70 Jan. 22 70 Jan. 2
70 *
70 *........ 70
70
Do
1st pref.
24 Feb. 10 27 Jau. T
*23
*23
27
*23
26% *23
27
27
D°
2d pref.
*172 175% *174 175
373 160 Feb. 2 §178 Jan. 4
174 174% §173% 174 New YorkNewHavenA Hart,
996 14 Feb. 20 15% Jan. 18
*14% 146s! 14% 14% 14% 14% 14% 1 1 % New York Ontario A Western,
215
9% Jan. 18
8 Jan. 22
0%
8%
8 % New York Susfl. A W est, new.
8%
*8 % 9%
*8 % 9%
400 22% Jau. 25 2G% Jan. 18
*24% 25
24% 24%
24% 2 1 % *24% 25
Do
pref,
§1.1% Jan. 18 §11% Jan. 18
' 1 1 % 1 1 %. *1 1 % 1 1 % *1 1 % 1 1 % *1 1 % 1 1 % Norf.A Western.all Instat pd.
17 Feb. 16 18% Jan. 30
*16% 17% *1 0 % 17% *16% 17% '16% 17%
Do pref.jtr.otfs.ftll lns.pd.
1,710 13 Jan. 23 16% Feb. 1
14% 14%: 14% 14% $14
14% 14% 14% Nor, PaclfleJEty. voting tr.etfs.
32%
Jan. 5 38% Feb. 2 4
13,370
37%
38%
38
38%i
Do
pref.
37% 38% 37% 38%
§15 Jan. 15 §17% Jan. 18
*14
*14
24
24
'14
24
*14
24 Or. RR, A Nav.Oo. vot.tr.otfs.
45% Feb. 3
37%
Jan.
575
*42
42
42
41
§42% 42% 41
Do pref., vot. trust.etfs.
41
1 24% 2 4 V 24% 24%
28% Jan. 18
24% 24% 24% 24% Phtla. A Beading all Inst pd. 18,901 23% Feb.
14 Jan. 21
2
0
0
12%
Jau.
: *12% 14 1 *1 2 % 14
*1 2 % 14
*12% 14 Pittsburg Olnn, Ohio. A St. L.
50 Feb. 1
41 50 Feb.
50
, §48% 50%
*47
50
Do
pref.
*47
50
Rio Grande Western...............
*117 118 •117 118 •117% 118 *117 118 Rome WatertownAOgdenab.
§117' Jan."20 §119' Jaii. 18
*56
02
*56
*50
61
01
‘ 50
62 St. Louie Alt. & T. H.,tr.reots
1,750 4% Jan. 25
5% Feb 4
5%
5% 5%
5
5%|
5%
5% 5% St. L. & San F r „ vot. tr. ctfs.
39% 39% *38% ■10
200 37 Jan. 29 40
Feb. 3
Do
1st pref.
*38% 40
39% 39%
628 1 2 % Jan. 27 16 Feb. 3
U % 14% 14% 14% 14% n %
Do
2d pref.
14% 15
3% 3%!
4% Jan. 18
400
3% XVb. 6
3% 3'% *3% 4
*3% 4 St. Louis Southwestern..........
- 1 0 % 11 %! 1 0 % 11
•0
500 10 Jan. o 1 1 % Jan. 18
Do
pref,
10% 10% 1 0 %
i *18
23
•18
21
*18
20 Jan. 4 2 2 % Jan, 13
21
‘ 18
21 St. Paul A D u lu th .................
i *85
90
*85
90
*85
90
Do
pref.
87 Feb. 3 §87 Feb. 3
*85
90
*114 117
114 117 •110 120
300 14 Jan. 28 117 Feb. 18
117 117 St. Paul Minn. A Manitoba...
15
15 ' 15
1,360 13% Jan. 13 15% Jan. 18
14% 14% Southern Paolflo d o .............
15% 14% 15
9
9
9
1,045
9
9
9 Feb. i i 1 0 Jan. 16
9 % Southern,voting trust, oertlf.
•8 % 9%
28% 28%: 28
28% 27% 27% 27% 28% Do pref., voting trust, oert.
5,857 26 Jan. 4 29% Jan. 19
: *9
9%: *9
533
•9
9%
9%
8% Jan. 2 1 0 % Jan. 18
9
9% Texas A Paolflo.................... .
§7
7
7
7%;
6% Jan. i i 10 Jan, 5
6,480
Union Paolflo trust receipts..
7
0% 7%
•1 % 2 % *1 % 2 %; •i%
2 % Jan, 6
Union Pacific Denver A Gulf
2 Jan. 29
100
2 % *1%
IS
6%
6%
•a
6%
6%
Wabash.....................................
7% Jan. 10
935
0%
Jan. 4
6%
0%
15% 157- 15% 1 5 V *15% 15% 15% 15%
1,745 15% Jan. 4 17% Jan. 18
Do
pref.
1%
Ibi *1 %
6% Jan. 2
i%i
1,747
1 Feb. 19
1%
1%
1 % Wheeling A Lake Erie........
6
0 !
310 5% Fob. 20 29 Jan. 5
§6
8
• y
! *2
2%
-1%
2
% Jan. 6
1
0
0
2
Wise.
Oen.
Oo.,
voting
tr.
otfg.
2
Feb.
24
*!% 1 %
IH ls ce lla n e o u * S lo c k s .
j •It
1 2 %' *1 1 % 1 2 % *1 1 % 1 2 % 1 2 % 1 2 % American Cotton OH Oo........
14% Jar.. 18
100 11% Feb.
\ *53
55
55
55 , *51
56
56% Jan. 19
§54% 54%
110 52% Feb.
Do
pref.
13% 13\
13% 14 | 13% 13% 13% 14% American Spirits Mfg. Oo___
14% Jan 9
0,445 11% Jan.
32% 32%. 132% 32%= 32% 32% 33
33% Feb. 8
Do
pref.
33%
1,432 26 Jan.
113 114% 114% 115% l i t 1 1 5 %: 1 1 1 % 1 1 6 % American Sugar Refining Oo. 108,184 110 Jan.
118% Jan. 19
' 102% 103
103% 103% 102% 102% *103 103%
103% Jan. 27
Do
pref,
1,277,100% Jau.
j 7i%
74
75 I 73% 71%: 74% 75% American Tobacco Oo............ 34,155 67% Fob.
79% Jau, 14
i *100 105
102% 102% §102% 103 *101 105
Do
pref.
270 100 Feb.
106% Jan. 14
1 1 % 1 1 %' 11% 11%
11% 11%; 11% 12% Bay State Gai
1,790! 10% Feb.
13% Jan. 0
79% Jan. 18
4, 78%
' ' V , ?77%)
'? «
' 7 * 78% x75% 78% 75% 76% lOMoagoGas Co., oerts. of dep. 16,563= 73% Jan.
§149 1 50
% 159 1.>1 $150% 151% 150% 153%;Oonsolldated Gas Company..
§!»,»
.0%
153%
Feb. 20
4,706 130% Jan.
31%
35
36% Feb. 2
0,980: 32% Jan.
,
34*4 34% 34% 35 General Electric Oo................
23H 23*4
3
21
Jan.
19
400= 21% Feb.
26%
23
38
*22% 24 National Lead Oo
91% 92
* 0 0 % 90%
92 Feb. 23
S8% 88% 89% 89%
Do
pref.
1,143 88% Feb.
U%
4%
4% *%,
4%
1%
4%
1 % North Amerloan Oo
5 Jau. 18
1,610
4% Feb.
i i % 25
25% 25%! 24% 25% 25
25% Paolflo Mail............
1,850 24 Jan.
26% Jan, 18
*m
......... '83
$93 ........ *91 ........ Pine Line Certificates,
§185% l i d §155%
§
150% §156% 156%_ 157 157
....
P u llm a n P a la ce Oar C om pany
247 152 Jan.
159% Jan. 18
64% 04% *84 4 65 i ................. Istiver Bullion Certificates___
05% Jan. 27
84% Feb.
:j * H % m
»% 9%; '9%
19% 9%'
9% Feb.
1,006
0%
9% 9% Standard Rope A Twlno ----1 1 % Jan. 1
27*4 25% 27 ! 25% 26% 20% 27% "Tennessee ~
Coal‘ *Iron A
“ *R R ...
9,155 25 Feb.
31 Jan. 18
7% 7%
7% 7%
1 ,0 1 0
United Status Leather Oo.......
7% Feb.
8
8
8
8
9% Jan. 19
50% 57% 57
57%: 57% 59%
64 Jan. lg
Do
pref. 40,485 54 Feb.
21
21
2 t%! 20% 21 1 20
20 United States Rubber Oo.......
25% Jan. l g
2,425 18% Fob.
72% 73
<72% 72% 72
72%: 72
72
833 67% Feb.
Do
pref.
76% Jan. 5 .
^ 2% 83% Y3
83%: 82% 83 I 82% 83% Western Union Telegraph----5,185 81 Fob.
86 Jan. 1
8aske-1. no sale made. § Lees than 100 siiar.
'■W

NESY YORK STOCK EXCHANGE PRICES (Continued)— IN A C T I V E
I n a c t iv e S t o c k s .
s I n d ic a te s e n lis te d .

R a n ge (sa le s) in 18 9 7 .

Feb. 26.

B id.

Ask.

L ow est.

A labam a—C la ss A , 4 to 5 -------1906
Claes B , 5 s . . . ...........
1906
C lass 0 , 4 s ...............
1906
Ourrenov fu n d in g 4 s . . . .........1 9 2 0
A r k a n sa s—6 s , fn n d .H o l.1 8 9 9 -1 9 0 0
d o. N o n -H o lfo rd
7 s , A rk tn sas C e n tr a l B R ___
L o u is ia n a —7 8 , o o n s .. . . . . . . . . . 1914
Stam ped 4 s ............. —............ .
N ew o o n o ls. 4 s ______ ______ 1 9 1 4

B id

1 00

96

B anks
(00s omitted.)

S p tcieA L eg a ls. D eposits.

Bank of N ew Y ork. '$2,000,0 $1,916,0 $12,630,0 3
M anhattan Co........... 2,050,0 2,146,2 13,693,0
Merchants'
2.000.
0 1,048,2 10.261,1
M echanics'. . . .
2.000.
0 2,209,4 9,073,0
A m erica ..........
1,500,0 2,508,4 ----------P h e n ix ..............
1-000,0
361,9
C ity ...................
000,0 3.582,3 25,666.0
Tradesmen’s...............i
C hem ical....................
M erchants’ E xch’ge
G allatin.......................|
Butchers’ A Drov’ra’i
Me hanlcs’ A Trad’s
Greenwich.................. ;
Leather Manufac’rs.]
Seven th ......................
State of N ew York.
American Exchange 5.000.
0 2,432,1,
C om m erce.................. ' 5.0 0 0 .
0 3,672,8
Broadway................... 1.000.
0, 1,665,5
1.000.
0 1,000,0
Pacific .......................
422 .7
482,5
R epublic..................... 1,500,0
938,6
Chatham .....................
4 5 0 .0
980,3!
Peoples’. ..................... | 200.0
N orth America.........’
700.0
H anover..................... I 1,000.0 2,063.3 16.436,8
I r v in g ........................
500 .0
355 ,6
2,904,0'
C itizens’ .....................
41.3,6, 2,674,3,
600.0
N a ssa u .........................I 500.0
276,8
2.486.5
Market A Fulton.
900 .0 1,028,7'
5.744.5
Shoe A Leather__
i , 000,0
105,4!
3,406,9
Corn E xchange. ..
1.000.
0 1,292,6
8.312.5
C ontinental............
1.000.
0
231.8
4,546,0
Oriental.......................< 300 .0
4 06 ,8
1,798,0!
Iraportern’A Trad’rs 1,500,0 5,715,3
. , 23,314,0
Park..............................i 2.000. 3,253,5,
0 - 24.213,0
E a st River..................I 250 .0
141 ,2
1,156,7j
F ou rth......................... I
C entral.........................I
S e c o n d .......................
N in th ................. ...
F irst............................
......
Third.......... .............. 1,000.0
N . Y .N a ’l E xch'ge.l
B o w er y ......................
N ew York C ounty..
Germa i Am erican..
C hase...........................
Fifth A venue............
German E xchange..
Germania ................
United s ta te s ..........
L in c o ln ......................
Garfield......................
Fifth ........................
B ark of the Metro®.
West, Side.
Seaboard.
Sixth . ..
W estern ..................
4 2 0 .6 11.777,8
First Nat. B’klyn...'
9 4 0 .7
4.005,0,
Nat.. Union Bank ...
581 .8
9.379,6
L iberty Nat. Bank..
2 3 6 ,7
2,398,6
N . Y .Prod.Exch'ge.
318,1
3.581,3
T otal..,

$1,5 1 0 ,0 $ 1 3 ,8 9 0 ,0
2.4 3 4 .0 15,993,0
2,192,8
1.835.0
3.866.7

664.0

7.235.3
365.7
3.594.8
719.2
1 .3 7 8 .3

L oicest.

151

H igh est.

147% Feb. 15 5

120
1 13
87

A sk .

Jan .

12 5 Ja n .
112% Feb.
91*4 Jan .
91 Jan.
®8 Jan.
103 Feb.
1 Jan.
2 7 Jan .
7 5 Feb.
44a J a n .
37%
25
105%
98%

Jan .
Jan.
Feb.
Feb.

42

Jan .

75

Jan .

52
51

F eb .
Jan.

5 Jan .
5 Jan.
10% Jan .
1% J an.
108 ' Feb.
40
1 00

Jan .
J an.

26.

BONDS F E B R U A R Y

B id .

B lc

S E C U R IT IE S .
T e n n e ss e e —6 s , o ld ........ 1892 -1 8 9 8
6 s , n e w b on d s — .1 8 9 2 -8 -1 9 0 0
do
n e w s e r ie s .................. 1 9 1 4
C om prom ise, 3-4-5 6 s ............1 9 1 2
3 s ..................................................... 1913
R e d e m p tio n 4 s . . . . . ................ 1 9 0 7
do
4 4 s ......................1913
P e n ite n tia r y 4 4 s .................... 1 9 1 3
V irgin ia fu n d e d d e b t, 2 - 3 S ...1 9 9 1
6 s . d e fe r r e d t’s t r eo ’t s . stam n ed

A sk .

.........

..........

"78" ’ s o ”

New York City, Boston and Philadelphia Banks:
Ba n e s .

\C a pita l S u rp l '8 L oa n s.

R a n g e (sa le s) in 1897.

A sk .

125 Jan .
1 00
109i* Jan .
100
85% Jan.
100
93
8 5 Jan.
•%Jan.
100
%
100
103 Feb.
100
% Jan .
1*4
2 li* 20 * Feb.
100
P r e fe r r e d .
100
90
7 5 Feb.
.100
4
414
4 Jan.
.1 0 0 160 1 72
34
40
35 F eb.
100 . . . . . . . . . . . 2 0 Jan.
104=8 105
101% Jan .
984, 97 Feb.
1 00
98
100
100 {3 5 78
31% Ja n .
100
100 J24
75
.1 0 0
70
7 1 % Feb.
40
60
.1 0 0
.1 0 0
-1 0 0
.1 0 0
43
42 Feb.
48
.100
13% Feb.
N a tio n a l S tarch M fg. C o........... .1 0 0
4
7
5 Jan .
5
7
5 Jan.
10% Jan.
.101
10% 11
.lo t
. 5C 31 0
3
1% Jan.
.1 0 0
1
12
.lo t
107 108 1 02 Ja n .
'T ennessee Coal & Iron , p r e f. 10 c
100
40
35
3 7 Feb.
10( t99% 100
9 7 Jan .

N ew b on ds, J & J ..........1892 -1 8 9 8
C hatham B R .......................................
S p ec ia l t a x , C lass I .........................
C o n so lid a ted 4 s .......................1 9 1 0 1 0 2 " i o j ”
6 s ....................................................1919 122
Sou th C arolina— 4%e, 2 0 -4 0 ..1 9 3 3 105%
6 s , n on-fund .............................1888
............

New York City Bank Statement f o r the week ending
Feb. 20, 1897. W e om it tw o cip h ers ( 0 0 ) in all cases.

US
11 0
110%
85
89
3s
{103
'a
j2i%

—

........

26.

Feb.

B id.

A m erioan B a n k N o te Co I f .

8 E C U B IT IE B .

A sk .

f t In d ica tes a ctu a l s a le s .;

m is c e lla n e o u s S to c k s .

NEW YORK STOCK EXCHANGE PRICES.— S T A T E
101
104%
98
98

STOCKS.

I n a c t iv e S to ck s .
f I n d ic a te s u n listed .

H ighest.

R a ilr o a d S to c k s .
1 7 0 Feb. 1 7 0 Feb.
, a « n y tr. S u sq u eh a n n a ____ . —1 0 0 170
9 Jan.
9%
10% Jan.
9
Ann A r b o r . . . . . . . ........................—1 0 0
2 7 Jan.
26
2 3 J an.
m
b
P r e f e r r e d ............. . . . . . . . . . . . 1 0 0
123s Feb.
; n 7s 12^4 115s Feb.
A tcli. T od. & S a n ta F e . ............. . . . .
105 J a n . 105 Jan.
B jscon Si S . Y . A ir L in e p r e f - 1 0 0 104 106
22*a Jan.
2 0 *4 Jan.
163* 20
Buffalo Rooties te r & P itts b u r g . 100
58 Jan .
57% 5 5 Feb.
P referred ........................................1 0 0
7 2 Feb.
7 0 F eb .
Burl. Cedar R a p id s & N or.......... 100 {70
5 Jan.
4%
Jan.
4
5
C hicago G reat W e ster n .....................
4 0 Feb.
40 Feb.
40
50
Olev. L orain & W heel, p r e f........1 0 0
166
Feb.
168M
Jan.
165
Ole vs’and & P itts b u r g ................. 50
8% J a n .
8 34 Feb.
9
8
Oes M oines & F o i D o d g e ------- 1 0 0
5
0
P r e fe r r e d ................ - .................. 100
3% Jan.
4
3% Feb.
3%
in lu th So. Shore & A tla n tic H.1 0 0
8 Jan.
8 Jan.
74,
98,
Preferred H. . . . . . . ............
.1 0 0
39 % J an.
4 0 's Jan.
45
37
E v a n sv ille & T erre H . p r e f ........ 50
F lin t & P ere M a rq u e tte ............... 100 ........ .
3 0 Ja n .
30 ja n .
P r e fe r r e d ...................- ..................100
47
30
G reen B a y & W e ster n ................ 1 0 0
....
50
....
D eb . e er tfs. A ............................. 1 0 0 0
4% Jan.
5 Jan.
4
5
D eb. e e r tfs. B ............................1 0 0 0
6 F eb .
6 Feb.
5
7
K anaw h a & M io h ig a n --------. . . . 1 0 0
4
3 Jan.
3 Jan.
2
a eok u k A D e s M o in es___ _____ 100
12
IB ’s 2 7 Jan.
28% Jan.
P referred ....................
...1 0 0
Jan.
8 Jau.
M exican C e n tr a l.............. . . . . . . 1 0 0
1% J a n .
1 % Jan.
1
i'i
M exioan N a tio n a l tr . o t f s ..........100
d ic r ls Sc E s s e x .____ . . . . . . . . . . . 50 161 166% 163 % Feb. 167 Jan .
1 1 9 Jan. 121 Jan.
IT V. L aos. & W e s t e r n ............. 100
60
70
Norfolk & S o u t h e r n .. .. . . . . . . . . 1 0 0
Or. S h .L in e& U .N .tr.rec.,a ll p d .1 0 0
2%
2% Feb.
Jan.
2
Peoria D eca tu r & E v a n s v ille ..1 0 0
3*3 Feb.
4
3 i* Feb.
8
pso^-ia A E a ste r n -------- — . . —1 0 0
170 1 6 3 F eb . 163 F eb .
P itts. F t W. & Cblo. g u a r ..........100 163
B su ise ia e r & S a r a to g a .. . . . . . . . . 0 6 178 186 1 8 0 J a n . 185 J a n .
10 Feb.
4 0 's Feb.
Rio Grande W estern p r e f..........100
15
25
T o le d o & Ohio C en tra l-------------100
50
73
P referred ........................................ 100
—
5%
T ol. St. L. Sc K an. C ity fl.............. 1 0 0
____
P referred IT........ ...............
100
’ No price F r id a y ; la te s t p rice thlB w eek .
! A ctu a l sa le s.

SE C U R IT IE S .

411

THIS CHRONICLE

F e b r u a r y 27, lob7 )

| Capital d
Surplus.

Loans.

N . Y .”
Jan. 30.. <134,660,8 488,705,7
Feb. 6.. 134.660.8 497,513,6
“ 13.. 134.600.8 500.367.7
“ 20.. 134.600.8 498,747,6
B oh.*
Feb. 0.. 69.351.81172.525.0
“ 13.. 69.351.81173.892.0
“ 20.. j 69,351,8 1 75,270,0
P h ila . *
Feb. 6.. ! 35,203,0 101,495,0
“ 13.. j 35,203,0 102.680,0
“ 20.. I 35,263,0 103,197,0

Specie.

Legals.

79,684,6
79,559,5
80,192,5
82,817,0

120,296,6
117.221.0
113,464,5
116.016.0

10.625.0
10.744.0
10.569.0

DepositsJ Oirc’l'n

$
563.331.8
568.961.8
568,075,1
572,670,6

7.436.0 164.558.0
8.846.0 167.781.0
9.545.0 165.495.0

38.304.0
38.009.0
40.180.0

109.182.0
110.374.0
113.530.0

18, A 1,5
16.787.5
10.723.5
16,613,4

525.710.0
602.717.3
460.825.0
535.125.4

9.617.0 101,583,3
9.549.0 102,200,7
9.561.0 85.025,9
0,941,0
6,905,0
0,862,0

68.044.3
55.154.3
61.575.3

* W e om it tw o ciphers in all these figures.

184.5
310.0
212.3
556.5.

f Including for Boat >n and Philadelphia the item “due to other b anks”.

Miscellaneous and Unlisted Bonds:

3 2 8 . 01

568.5
5.181.0
: 5 . 334,8
528.3
2,715,5l
638.8
; 1,649,1
1 1,378.5
661.1
1.874.01
5 ,9 6 4 .9 ,

479,2

7.V1U.7
2 4 ,8 9 7 ,7

2,787,0

M is c e lla n e o u s B o n d s .
Br’klyn Un. Gas, 1st cons. 5s.
Oh. Jan. A S. Y ds.-C ol.t.g.,6s
Colorado O A 1 .1st cons.Cs.g.
Col. C. <fc I. Devel. go. 5s.......
Colorado Fuel A I.—Gen. 5s.
Col. A Hock.Coal <fc I .—0a, g.
Cons.Gas Co.,Ohio.—1s ig n , ns
De Bardoleben C. & I .—g. 6s.
Det. Gas con. 1st 5 ...................
Edison Elec. 111. Co.—1st 5 s..
Do.
of Bklyn., 1st 5 s..
Eqult. G.-L..N. Y.,cons. g.da.
Equitable li. A F .—1st o s__

M is c e lla n e o u s B o n d s .
Tnt. Cond. A Ins. deb. 6 s.......
Manhat. Beach H. A L. g. 4s.
Metropol. Tel. A Tel. 1st 6 s ..
M ich.-Penln. Car 1st 5s .......
Mutual Union T eleg.—8s, g ..
.........
Nat. Starch Mfg. 1st 6 s ........
87 V) N .Y . A N . J. Telep. gen. 5 s ..
____
Northwestern 4 elegraph—7s
80 a. People’s Gas A C. (1 s t g, 8a.
112%b.
Co., Chicago.......{ 2d g. 0s.
no% b.
1st cons. g. 6 s ......................
South Yuba W ater—Con. 6s.
99 V ) Standard Rope A T. l s t g 6s.
E rie T e le g , A T e ’ ep. 5s, g ___
99 i>.
Income 5 s .......
....... ...
Hendersou Bridge—1st ft. 6 a. 110 b. Sunday Creek Coal 1st g 6s.
Illinois 8teel deb. 5s..............
Western Union T eleg.—7 s ...
Non-conv.deb. 5s ................ .........
Wheel.L.E.&Pitta.Coal lst5«
N o t e .—‘ V in d ica te s p r ic e bid ; “ a ” p r ic e at lied. * L a te st p r ic e tills
109 b.
109 b.
* 90 %b.

101 b
10934b
108 a
10434b
70

b

107 b.
w eek.

Hunk Stock List—Latest prices. ((New stoc1--. *Not Listed.
BAN KS.

5 7 .4

2 ,0 8 8 ,9

74,1
21.5
- ‘

22,628,7
8,192,8
3,042,4
3.815.3
6.576.4
6.847.8
4.660.8
1,800,7
6.371.1
2.293.0
9.013.0
1.441.0
14,256,5
5.968.0
10,108,9
2,512.3
3.134.2

59,772.7 7 4 .8 8 8 .1 '4 9 8 747 .6 82 81 7.o' 116.016.6 572.070.6

A m e r ic a .. ___
A m . E x c h .. .
A s t o r Place*
B o w e r y * ........
B r o a d w a y ....
B a t c h . A D r..
C e n tr a lt . . . .

B id.

315
172
230
300
230
125
155
400
C h atham ....... 290
C h e m ic a l ___ 4000
C it y ................... 500
C itize n s’ ........ 125
170
205%
130
C orn E x c l i ... 285
132
11 Mi W a r d . 200
F l f rh A v e ___ 2900
F ifth ’ ........... 250
F ir s t .............. 3000
F irst N ., S. I . 120
14t,h S tr e e t..
178
G a l l a t i n ........ 310
G a n a e v o o r t.. 95

A sk .

BAN KS.

G a rfie ld .. . .
175
G erm an A m .
247% ' G erm an fix .*
G e rm a n ia —
250
G r e e n w ic h ...
140
H d e & L .» . .

B id.

A sk .

500
110

350
165
315
85
155
300
Im .& T rad ers 525
4500 I r v in g ............. 140
L e a th e r M fa ’ 175
L ib e r y *.
135
HO
750
210
210
210
300
M e ch a n ic* ’ . 180
130
3400 M e r c h a n t .'.. 137
no
425
M t. M o r r is .. 98
150
N assau
— 153
190
185
N e w Y o r k ... 230
330
105
N . Y . C o ’ n t y 675

360
340
93
512
160

230
215
192
135
175
140
102
170
240

BAN KS.

Bid. A s k .

N in t h .............
119th W a r d ..
N. A m e r ic a .
O rie n ta l........

105
100
130
175
170
Park. ........... 255

P h e n ix ___
Plaza* .............
P rod. E x .* . ..
R e p u b lic . . .

104
185
120
145

425
100
90
110
T h ir d .........
98
T r a d e sm ’n ’ a. 90
S h o e A L e 'th

195
U n ’ d s i a 'e s . 175
170
W e s t e r n ....... 114
W e s t S id e ... 275

115

270
no
12f
155
175
96
93
130
200
118

THE C H R O N IC L E .

41*2

tfUSrON. 1'tH LA H KM ‘ IH A

fVOL, LX1V.

AM> B A b flH O K K STOCK EXCH AN G ES.
Sales
of the
Week,
Shares.

j e s a t r e P r l e e « - a o l P e r C en tu ra P r i c e . .
Ac 1! re S lo c k j.
1 ladlnUM unlisted.

I Tnesday,
Fob, 23.

Saturday,
Feb. 20.

14*
Ateis, T. * *.
ISO •1*
Atlantic A i’ Ac.
"
100
--tr A Ohio (ffsif.l. 100
SKL O i) P&ss'jCer **
1# *eo
18*
b*yA;u;v>rr Traction “
25 •18
B » « f e r c « r e T > » t f » ? 56;
B-'.loo A Albany(Aoslm). 100 208% 210
» A Lowell
"
100s '219* 210
Ms Iei*.
**
M # 162 162
OeAlrsi Of Mw».,
*'
100 n<* 1 0 *
58
Preferred. . . . . .
'*
100 •SB
OA&Bur.A tinia.
•*
100 x73% 71
C&Se.MU-A Si P (i’Ai.'.).lOO 7 6 * 7 6 *
Ora .OAii.tot.t.c "
SO
fit. !•; K>- u! 1u.. * *’
100
FUc M’ Crc j>T*t„ (B o t lo n ). 100 91* 93
21*
Lehigh \ alley CPAOa.l. 50 21
Metroyol’ B Trac.f "
100
Mexican fe e s'! (B o t lo n ).100 " T * " T *
Bom England....
"
100
60
l*referien . . . . ..
"
100 •...
Northern Central ( S a l , ) . 50 * 6 9 * ___
Kt.rihrrr, Pacific fPAlio.1100 *14*1 14=9
38
1'refwml
”
100 38
Old Colon y.. . . . f B atu m i 100 178 178
52%
6
2*
Pennsylvania... (P h ila ,). 50
Phil. &Hi adlng-t
"
50 12* 12bja
7
2
*
7
2*
1’ hxladr.ph Tree.
"
50
7
7
Union l»«c!flo...fjBo«fon;.100
9
*
9
*
Union Traction . . ( P h ila .). 50
V lis re lla iio o u e s t o c k * .
113%
114*
Anj.f*u «*r Bettn.Ti (B oston / —
1 0 2 * 102*
Preferred---- ”
B«U Telephone..
** 100 221 227*
Bo»t- A Montan*.
**
25 111 111*
Katie A Boston, t
“
25 13* 13*
Calumet A Heela
"
25 358 358
66
Canton C o ....... . ( B a lt .).100 •61
ConsolMatedGas
"
100 •60* 61
26
EiMx.Sior.Bat'yl! (Phila.).100 26
Preferred T
"
100
66*
Erie Telephone. (B o tlo n ). 100 65
General Electric.
•* 100 3 4 * 3 4 *
75
Preferred. . . . .
* 100 •73
Bllaota Steel___
"
100 *33* 34*
Latn»on8iore8er
•*
50 •22* 23
Lehi’b Coal AS a v . f / lU a . . 50 39*s 39%
5 . E, Telephone <Bot'.onj.lO O 1 0 2 102
P*.H e«t,L.APow fP5«a.l....
14% 14%
CutCdGasImp.il
"
50
Weisbseh Light 1;
"
5
2
2
IV. at End Lab A ..(B o t lo n ) ..
* Hid and ashed prices: no sale was m ade.
Kir.

Inactive 8 to ck s,
Prices o f F eb ru a ry 28.
Allan la A Charlotte tSolf.) 100
II MMn A Providence (B olton ) 100
Camden A Atlantic pi. (Phila.) 50
*• 50
Cuawtssa____________
50
let preferred..........
*•
C - r , i : (>:,!».............. {Balt.) 50
Ciieago * West Mich.fBoafon). 100
100
Cxuneetleut & Pasa..
“
100
Csnneetlcut River___
“
€ >rural. Tnu-LOf S .J .'(P h ila .). 100
100
Dslaware&BoundBr.
**
Pant A Pere Marq...(BoWon), 100
Preferred...............
"
100
II
nvUie p»ss,?ng. (P h ita ,). 50
60
Preferred 1 .............
'*
H rot. A Broad Top...
50
Preferred................
"
50
Kan. C y P cs. A Mem ,(M otion ). 100
r r e fa m d ................
"
100
Little Schuylkill.. . . . . tPhU a.). 50
Maine Centra . . . . . . (M otion) 100
M me Hill A iJ.Bnvan (P h ita .). 50
Meaqaebonlng Val...
•*
50
100
Bonn American Oo..
**
North Pennsylvania.
“
50
Or.fth. Lin call aasi.iidi n o tio n ). 100
i'ennsylvatija A S . w. {P h ita ,), 5 0
PbilaoeL A E rie......
''
50
B it a nd........... . . . . . . ( B o t l o n ) 100
p r , erred ............. .
*•
100
ftruthorn___ ___ . . . . (B a ll.). 100
P refem d.. . . . . . . . . .
•*
100
West End... . . . . ___ (B o lto n ). 50
50
Preferred. ..... .. . .
’*
Called fo * .o f H.
(P h U a .) 100:
West Jer*«y
......
**
50;
W >-1 Jersey A Allan.
SO!
Western 5. Y, A Penn
“
100!
Wtanoaafo Central,, .(B o tlo n ). 1001
P ro Scried . . . . . . .. . .
f'
100!
Wore'sAhaeh.ABoch.
*
11 0
1;
IDA
A l o o m Min*, asst pdf Motion ) . 2 5 :
A-.la»W# HSlnln*......
25
B*y dials Gas 4.....
**
SO
£««•& Land...........
••
10

(b&lsulil Mining..
Fart Wayne Elects,.
P sakltu Mining....

P ,*v:.ehuf n * Hay l.'d,
1C :eivs.r. Mvec,:,,

Osceola Mining.......

'*
••

«
•*

*•

10

26
25
5
25
25

Pull teats PBJadc fa r .
"
100
Pennaylfaiti* 8t*«!.. (JPMia.y IfX)
1* e f erred t . . . ..............

**

Quad) Mining......... ( B o tto m .
1 ai.sreck kllrune...
*'

100:

Wat*TPo««r.„.___

«
100
50
jP*at.. eflMUlaUvr.
»
60
B ond* B o U tn .
At.Top. m ft. r, general g. *», I 985
AiJ}o»tn:*e.t>t g. 4*t 1995. ... ..
Bet
• 1 1is* 1*1 As .....
W •»«»*«. Jflee.A'IL.

* w m m in

■o.-rios ooupon.

•14* 14%

Wednesday, i Thursday,
Feb. 24. | Feb. 25
u *

, 1 '60

3

►
►
d

IS *
18

14*

60*
IS
18*
18
18
*210
*
162*q 162
•9*
10*
58
*56
74% 7 3 *
76*4 7 5 *
_____
7%
!H% . . . .
92
91%
23% 2 2 *

1141* 1153s
103 103
2 2 4 *2 2 5
1 1 3 * 115
1 4 * 14*
365 360
•65
60* 60*

.

60^
18*
18
212
211
162
10*
58
74
75'%
7%
91%
23*

9

9

58

58

*14
37%

178*
62*
4 21 is
71%
*6%
9%

___

14*
37%
178*
62*
221s
71%
7*
9%

114 114%
102^ 103
2 20* 223
11412 115%
14% 14%
370 370
66* 66*
60% 60%

*14% 1 4 *
*15

Bonds.

Ask.

h

16
60*
44
•17% 18
555
*17% 18*
375
*210 212
17
*210 211
162 162*
” 74
*10
12
‘ 56
58
7 4 * 71%
2,997
75% 7 6 *
5,800
•7% 8
15
400
18
IS *
*91
92
71
23
23* 10,821
107 30714
141
9
9
536
*37
40
58
59
387
•69* 70
141* 141*
"l3 4
777
38
38*
1 7 8 * 179
208
5 2 * 52%
2,033
1 2 * 12%,; 10,172
71% 72 h
2,284
7%
7H
15.
3,884
9%
9%

Bid.

A sk .

70
118
108

11,331
325
778
13,793
15.913
2 20

25
170
160
50
1,950
1,730
10

406
70
61
493
587
502
i ‘,341
J Trust

Kan lie of sales In 18i>7.
Lowest.
13% Jan.
15 Feb.
14* Pel).
5 9 * Jan.
17 Jan.
1 7 * .Tan.
209 J»n.
205 Jan.
159* Feb.
10 Feb.
57 Jan.
6 9 * Jan.
73 Jan.
7% Jan.
18 Feb.
91 Jan.
2 0 * r et>.
1 0 6 * Feb.
7 * . Tan.
3 7 * Jan.
57 Feb.
6 7 * Jan.
1 3 * Jan.
3 3 * Jan.
176* Jan.
51 * .fan.
l l i « l6Feb.
6«% Jan.
6 * Jan.
87g Jan.

Highest
(5 * Feb. i
37* Jan. 13
1 7 * Jan. 9
0 2 * Jan. 4
18* Feb. 17
18* Feb. 17
2 10 Jau. 6
2 10 Feb. 3
166 Jan. 18
11 Jan. 20
5 7 * Jan. 25
76% Jan. 18
77* Jau. 19
8 * Feb. 5
25* Jan. 20
92* Jan. 21
30% Jan. 2
110% Jan. 5
9 * Jan. SO
3 7 * Jan. 19
6 1 * Jan. 7
70 Feb. 15
1 0 * Feb. 1
39 Feb. 1
170 Feb. 26
52* Jan. 21
14 Jan. 18
7 2 * Feb. 4
9 Jan. 7
1 0 * Jan. IS

110 Jan. 5 118 Jan.
100* Jan. 6 104 Jan.
2 0 5 * Jan. 4 2 2 7 * Feb.
9 4 * Jan. 2 117% Feb.
6 Jan. 11 15 Feb.
326 Jan, 2 375 Feb.
60 Jan, 8 6 7 * Feb.
6 0 * Feb. 24 6 2 * Jan,
2 5 * Feb. 23 31 Feb.
2 7 * Feb. 15 S3 Jan.
64 v Jan. 4 87% Fell.
32% J an. 2 3 6 * Feb.
73 Feb. 18 78 Jan.
30 Feb. 13 41% Jan.
2 0 * Jan. 6 2 3 * Feb.
39 Feb. 24 42 Jan.
1 0 1 * Jan. 2 103 Jau.
13* Jan. 5 15 Jan.
71 Jan. 6 74% Feb.
40 Feb. 15 a7 Jan.
l% Jau . 5
2% Feb.
reo.,all instal. paid.

Bonds,

People’s iTao. trust oerte, 48..1943
Perfrlomen, 1st sex-.,5s.1918, Q—J
Phila.4 Erie gen. M, 5g.,1920, A&O
262 265
fa i
Gen. m o r t.,4 g ___...1920, A&O
97
§104 1043a Phila & Read, new 4 g „ 1958, J&J
3*
49* 50
99%
1st pref. income. 5 «, 1958, Feb 1
f 99
Y...... . . . . . .
30% 32
2d pref. income,5 g, 1958,Feb. 1
94
8
5
§ 91
3d pref. income, 5 g, 1958,Feb. 1
145 147
5 95
98
2d, 5s...........................1933, A&O
50
Oonsol. mort. 7s........ 1911, J&D
240 250
5 47
29
f 50
55
ConsoL mort. 6 g ........ 1911, J&D
28
60
165
ImprovemcntM.e g ., 1897, A&O
[VUX1DU9 fUVOit XOl'i
A<KU 9 50
12
10
57
DetLanB.ANor’nM. 7B.1907, J&J * 55
Oon.M.,5 g.,stamped,1922,M&N
120
30
§119
32
Terminal 5s, g ........ 1941, Q.—F.
EaBtem 1st mort 6 g. 1906,MAS..
60
52
§127 129
Phil. Wilm. & Balt,. 4 s .1917, A&O
FTee.Elk. AM. V.,lst, 68.1933,
62 ! Unstamped, 1st, 6 s, 1933..
61
§127 129 Pitts. O. & Bt. !.., 7 s ....1900, F&A
70
Rochester Railway, oon. 5s ..1930
18
§ 50
46
■4 5 '
79
8ohnyLR,E.81de,lat5 g.1935, J&D
§ 77
10
5
68
Union Terminal 1st 5a..........F&A
* 65
40
30
$118 120
Bonds.—Baltimore.
53
90
Atlanta &Uharl., 1st 7s, 1907, J Sax
L. Roek&Ft 8 .,1st,7 s..1905, J&J § 85
118 120
§100 103
Baltimore Belt, 1st, 5 s.1990, M&N
5 7 * 58
38
Balt. C. Pasa. 1st 5 a.. 1911, M&N
( 85
109
53%
Balt. Traotlon, 1st 58-1929, M&N
iJLCkL, XI, G, vllU i) v H ...,.X U A O i .T.®U §108
4*
1% M exloan C e n tr a l,4 « . .. 1 9 1 1 , J&J § 6 7 * 67%
Extoll. & hunt. 6a....1901, M&8
9 %
No. Balt. Dlv., 5s....... 1942, J&D
IS
18%
1 s t o o n so ljn o o m e s, S g , non-cam .
16
15
8 * Baltimore & Ohio 4 g., 1935, A&O
8
2d oonsol. in c o m e s. 3 s, non-ontn.
Pitts. & Winn., 5 g. . .1925, F&A
N. Y . A N .E n g ,, 1 s t, 7 s ,1 9 0 5 , J&J- 6119* 120
'jfo '
Rt.aten Island. 2d, 5 c.1926. J&J
1st tnort. 6 s ................ 1905, J&J §113 114
l
1 Ogden. &L.C.,Con.8s...1920,A a O 6 77
80
Receivers’ eortttloatea, 6 s..J&D
15
40
25
Do. Maryland Oonstruo., 5s........
ln o .e s ........................................... 1920
Do. Pittsb. & Connells., 5s..J&J
Ru tland, 1st,6s.......... 1902,MAN §io5 107
*27% 28*
8al.&Oluo8.W.,lat,4*g.j.990,J&J
2d, 5s......................... 1898,F&A 6 98 100
7 0 * 71
OapeF.&Yad.,8er,A.,6g.l916, J&D
9 1 * 92
Cent. Ohio,4 * g ............1930, M&S
AtlaS?onc * y lBthi* fK ® 19li% I& N 105*
245 * 245* Bullalo Ry. oon. 1st, 5s.......... 1931 107
Cent. Pass., 1st 5s....... 1932, M&N
Latawisea, M ,.7s........ 1900, F&A 108*
City & Sub., 1st 6 a ____1922, J&D
Ohoo. OUla. & Gulf, px-ior lien 6s.. ____ 110
Oharl. Ool.&An«.ext.5s.l910, J&J
2 *: 2% Oltlaens’ 8t.Ry.of lnd.,oon.5«.1933 75
77
UnL & Greeny., 1st 5-6r. 1917, J&J
2 ; 2 * Colnmb, 8t. Ry„ 1st, oon. 58.-1932
G eorgia* Ala,, lstp f. 5s. 1945, A&O
95*
2 ! 10
Ga.Car.
& Nor, 1st 5 «..1929, J&J
1
0
\
H
i
100
Coluinb. O.Crosstown, lst,5s.l933
115 ; 118 j Oonsol. Tract, of N. J., Ist,5s.l933
8 9 * Georgia Pao., 1st 5-8s...1 9 j 2, J&J
Geor.
8
0
.
& Fia.. 1st 5s. .1945, J&J
Bel. * B’d Br’k, 1st, 7s.1905,F&A
......
1 j Easton * Am. lstM.,5». 1920, MAN 1051*
North. Cent. 6 e............... 1900, J&J
2 2 * ! 23 I KU'O. A People’s Trac. stock, tr. otfs 7 5 % 76%
6 s.................. - .............1904, J&J
5*
Series A, 5b..................1926, J&J
6% Elmir. A Wilm.,lst, 6s. 1910, J&J. HB^a . . . . . .
4 * s ...................
1925, A&O
4% UosUmvllie M. & F., eon. 5».,1924 115 .n.mmm
4
8% 6*1 Hunt. & Br’d 'rop,Con.5»,'95.A&0 107
Itts. & Connells, 1st 7s. 1898, J&J
*
uoatherti, 1st 5»___ .. 1994, J&J
-TV 112
l I Lelogh Nav. 4 * « . ...... 1 9 1 4 , 0 —j
11 I
Virginia Mid., 1st 6 s ...1906, M&ft
2d 8s, gold.................1897, J&U 102%
2d Series, 6 s................. 1911 M&8
* 12% General uiort. 4 *s, «.19 2 4 ,0 —F 102%
18%; 19 Leblgh Val.Coal 1st 5s,« . 1933,J&J 94
3d Series, 6 » .............. 191. , M&8
91*
33*! 34
4th Series, 3-4-5«.......1921, M&8
Lehigh Valley, 1st 6«... 1898, J&D 104*
157 157*
5th Series, 5s..............1926, M&8
2d 7s...........................1910, M&8 129
West Va C .& D. 1st. 6 g. 1911, J&J
Consol.6 .................... 1923.J&B 1 1 2 *
* 30
0
Newark Passenger, oon. 5 s...1930 106 106* i
110 >113 North Penn. 1st, 4 s .... 1936, SKAK 112%
MIBQKLLANBOOS.
119 1121
Gen. M. 7 s ......................... 1903,J&J
120 ;
*
1 I Paterson Railway, consoL 6s____ ........
..1916, M&N
Funding 5 s . . . „
24* i 25 ; Pennsylvania«eu.6s,r.,1910, Vai
...1930, J&J
135 j Exchange 3*t>.
50 S 51
Oonsol. 6s, 0
1905, V ai 1 18*
Funded
debt,
2
3
s
.
.
, . . 1 9 9 l , J&J
Oonsol, 5 b, t . ...................... 1919,Vs*
118* . . . . . .
}8 0 * 80% O ollat. Tr. 4 * « ...........1 9 1 3 , J& P ...mm, . . . . . . IbesapeakeGas 6 »
1900, J&D
loxxeol. G as,xt-.„*».— 1910, J&L
Pa. & N. Y, Canal,7s...
8,.1&D
1H u
Oon ■5s. ...................... 1939 AAO
y«............. ....
1>
Boston United Gas, 2dm. 5s .
Jurl.AMo. River Ere npt 6s,
Non-exempt 6s...... ..1918,
Plain 4s........................1910,
Thle, Burl. & Nor. 1st 5,1926,,
2d mort. 6 s ...._____ 1918,

f Unlisted.

4 And aoorned interest.

5 69
«117
5107

£17

•00

114% 116*
103 103
221 221*
114% 117%
1 4 * 15
370 375
*65
67
____
‘ 6 0 * 60%
26^
*25*» 26^
*27ig 29
281s
67
67
67*
67% 6 7 * 67% 66
34% 34% 3 4 * 34%
3 4 * 35
34*
*74
75
75
'7331 75
*73% 75
3 5 * 35 i* *34% 3 5 *
35
35
35*
22* 22*
2213 22*s *22 ia 23
23
39*
39* 39*
39
3 9 * *39
39^ 3 9 *
103 103
*102*103
103 L03
103 103
14^ 14%
14®8 14314
7 2* 7 2 * 73
73* 73*
73
73*
73%
*4*213 44
2
2*
*2% 2 *
2*
2*
2H
t Trust receipts.
113
102%
221
111%
13%
360
•04*
*60*
25%
28^
66*
34^
75
*33

114*
102%
225
113
14*
360
66

14*

___ „_r . . . . . . ______

‘ 18*
18
*210
210 •209*
102
10*
•9*
59
•56
74% 73%
76
75%
7%
IN *
92
91%
92
22%
23% 25
___ , .
107 107
•8* 9
8% 8%
*
60
58
58*
*69* __
•69*
14* 14* *14% 14%
•37% 3 8 * 3 8 * 38%
178 178
178* 178*
5 2 * 52^ 5 2 * 52*
1 2 * 12%,. 12*a 12%,
72
72* 72*
72
7*
>6% 7 *
7*
9%
9%
9%
9%
18*
IS
*209%
*209*
*161
•9*
•56
74
75*
7%

a
o
tj

14*

Friday,
Fob. 26.

Bid.

18
29
20
26
26
26
6
15
1
29
24
2
20
18
1
14
26
22
3
12
9

IAS'

96* 96*
98 101
118 118*
1 0 4 * 105
81
4 4 * 1 45
32*a 33
30^3
120
1 2 9 * 130
121 *a 122
104% 105
iTaS
104 ___ ,
107* 109
96
103 105

■9 2 * *9 4 "
114
111 112
109* 10*9%
102 .......
103% 104
........ 1 0 0 "
....
iia ”
111* 111%
...___ ........
80
114 115
9 3 * 94
........
89
lit T
1131a

89*
......

95

103
106* 107

106

......
6 2 * 62is
106 ........
109

fH E

F e bru ary 37, 1897 .J
NEW

YORK STO C K

C H R O N IC LE ,

413

E X C H A N G E P R I C E S 3 (C o n t in n e < l)— A C T I V E B O N D S F E B R U A R Y : i 6 A N D F O R Y E A R 1 8 9 7 .

R a il r o a d a n d
M is c e l l a n e o u s B o n d s ,

InV st
P e r io d

C losin g R a n g e (s a le s) in 1897.
P rice
Fet>. 26.
H igh est.

R a n g e (sa le s) i n 1897*

R a il r o a d a n d
M is c e l l a n e o u s B o n d s.

Low est.

107
Mich. C ent.—1 st, co n s., 7 s . 1902 M A N 116*sb. 116*2 Jan .
1 0 6 Feb. 109 Jan.
A m er. C otton O il, deb., 8 g -1 9 0 0
81
Consol., 5 8 . . . ..................... 1902 M A N
74 Jan.
81% Feb.
A m er. Sp irit M fg., 1 st, 6 g .l9 1 5 A l & S
1 07 F eb .
Q
J
80
Minn. A St.L .—1 s t o o n .5 s,g ,1 9 3 4 M A N 102% 1 00 Jan .
74*2 J a n .
A nn A rbor.—1st, 4 s, g ........ 1 9 9 o
80^2 Feb.
Mo. K. A E .—1st 5 s, g ., g u ..l9 4 2 A A O 9 3 b. 9250 Jan .
82% Feb.
A t.T . A S .F .—New gen. 4 s . 1995 A A O 82*4
79*2 J an.
47*4
84*2
M. K, A T ex a s.—1 s t, 4 s, g . 1990 J A D
8 2 J an.
■19=8 Feb.
43*8 J an.
A dju stm ent 4 s .................... 1995 N o v .
B ’w a y A 7 th A v .-ls t.e o n .g .5 6 ’43 J A D 11878a. 116*2 J a n . 119 F eb .
60
2d, 48, g ...............................1990 F A A
5830 F eb.
A
A
O
7
2
b.
84*2b. 8 6 Jan.
B rook lyn E lev. 1 s t, 6 g . . . . 1 9 2 4
Mo. P ac.—1st, c o n ., 6 g ........1920 M A N
70
Feb.
75 J a n .
U nion E lev a ted .—6 g . . . . l 9 3 7 M & N 7 0 b. 68 F eb.
3d, 7 s .......................................1906 M A N 102 b. 102 F eb .
72*0 J a n .
B k ly n Hap. T ran s., 5 g . . . . 1 9 4 5 A dt O 80*2
P ac. of M o.—1 st, e x ., 4 g . 1938 F A A GOO b. 100*2 Jan .
78 Jan.
81 Feb.
B k ly n .U n .G a 8 ,ls t,c o n .5 g .l9 i5 J A J 109*2 105% J a n . 109*2 Feb.
2d e x t. 5 s ..........................1938 J A J 1 0 1 7sb. 101*2 Jan .
B ’RlynWnrfdsW .H—ls t,5 8 ,g .’4o F A A 98*2
St. L. A I r .M t .ls t e x t., 5 8.1897 F A A 101*2 101 F eb .
97*2 F eb. 101 J a n .
2d , 7 g ................................. 1897 M A N 10250 101*2 Jan.
C anada S ou thern.—1st, 5 s ,1908 J A J 109% 108 J a n . 111 Feb.
2d , 5 s.......................................1913 M A S 107i2b. 105 J a n . 108 F eb . 1
Cairo Ark. A T exas, 7 g .l8 9 7 J A D 102
9 8 Jan .
91^8 Feb.
9 1 78
Gen. R’y A la n d g r .,5 g .l9 3 1 A A O 75*2
Cent, o f G a.—C ons., 5s, g . l 9 4 o M A N
90*2 J a n .
73*2 Jan.
10750b. 1065a Jan. 107*2 F eb .
C entral of N. J .—C ons.,7s, 1800 Q - J
M obile A Ohio—N e w 6 g ...1 9 2 7 J A D 118*4b. 117 Jan .
68
G eneral m ortg a g e, 4s
1938 M A S
C onsol.. 7 s ........................... 1 9 0 2 M A N 1 1 5 b.
66% Jan .
1 28 *2b. 127*2 Jan .
G eneral m o rtg a g e, 5 g . .. 1987 J A J 116*2 115*2 Jan. 118 F eb . N ash. Ch. A S t.L .—1 s t , 7 s .. 1913 J A
L eh.A W .B .,oon .,78,as’d .l9 0 0 Q—M 1 0 2 b. 104 Jan. 104*2 Feb.
ConsoL. 5 g ............................1928 A A O 102
100 Jan.
“
m o r tg a g e 5 s .l9 1 2 M A N
90 Feb.
N. Y .CentraS—D e b t e x t.4 s . 1905 M A N 10310 1 0 1 7s Jan.
8 9 Feb.
1st, coupon , 7 s ................... 1903 J A
118*4b 117% Jan .
A m . D ock & Im p., 5 s -----1921 J A J 116*sa 114*2 J a n . l 16*0 Feb.
D e b e n .,5 s, coup., 1 8 8 4 .. 1904 M A S 108*% 106*0 Jan.
C entral P a o itic .-G o ld , 6 s . 1898 J A J 102*2 100 J a n . 102*0 Feb.
N . Y. A H arlem , 7 s, r e g ..l 9 0 0 M A N 112*%b. 111*2 Feb.
Ghee. A Ohio.—Ser. A , 6 g ..l9 0 8 A A O 119*2b. 119 J a n . 120*2 J an.
R. W. A Ogd., c o n so ls, 5 s. 1922 A A O 1 2 0 b. 117% Jan .
M ortgage, 6 g . . . ................ 1911 A A O 1 1 9 b. 118*2 Jan. 120*2 Feb.
W e st8 h o r e ,g u a r ., 4 s . . . .2 3 6 1 J A
le te o n s o l. ,5 g...................... 1939 M A N 110*2 107% J a n . u o ^ Feb.
106*2 1 05 Ja n .
76'* Feb.
N. Y. Ohio. A St. L.—4 g . . . l 9 3 7 A A O 10514 b. 103% Jan.
73*4 J a n .
G eneral 4*28, g .................. 1992 M A S 76*9
N . Y. L ack. A VV.—l s t, 6 s .. 1921 J A
135 b.
R. A A. D iv ., ls t o o n ., 4 g .l9 8 9 J A J 1 0 0 *2b. 9 7 Jan. 101 Feb.
89%b. 8 6 J a u .
C o n stru ction , 5 s ................1923 F A A 1 1 4 b 118 Jan .
••
2 d o o n .,4 g ..l9 8 9 J A J
9 0 Feb.
N. Y. N. H. A H .—Con. deb. otfs. A A O 1 3 “ * 4 b . 132*2 Feb.
Ohio. B url. A Q. Con. 7 s .l9 u 3 J A J 117*4 115 Jan. 117*2 Feb.
N .Y . Ont. A W.—R ef. 4 s, g .1 9 9 2 M A S
D eb en tu re, 5 b......................1913 M A N 9 7 b. 93 Feb.
95*4
88% Jan.
98*2 Feb.
ConsoL, 1 s t, 5 s, g ...............1939 J A D 108*2b. 108*4 F eb .
C on vertib le 5 b ....................1903 M A S 101*4 100*8 J a u . 101*2 J a n .
94 b. 9 3 Feb.
A J 102 *2a. 1 00 Ja n .
D e n v e r D iv isio n 4 8 ...........1922 F A a
N .Y .Sus.A W .ls tr e f.,5 s , g .1 9 3 7
96*2 J a n .
A O 119 b. 119 Feb.
90*4
N ebraska E x te n sio n , 48.1927 M A N
M idland o f N . J ., 6s, g ... 1910
90*2 Feb.
87*4 J a n .
A O 69 b.
H an. & St. J ob.— C o n s.6 8 .1 9 1 l M A S 1 2 1
N or. A VV. R y.—1 st, c o n s.,4 g . 96
119 J a n . 121 Feb.
A
11534 113 Jan.
Ohio. A E . 111.—1st, b. f. 68.1907 J A D 113*2b.
N o. P acific—1st, coup. 6 g . l 9 2 1
A A O 124 **b. 124*2 Jan. 124*2 Jan.
A D
Consol. 6 g .............................1 9 3 4 --------G eneral, 3d , cou p ., 6 g . . l 9 3 7
177*2 Jan.
A
D
G eneral c o n so l., 1 s t 5 s . .1937; *vi A N 100
C onsol, m ortgage, 5 g . . . l 9 8 9
15438 Ja n .
9 8 78 Feb. 1 0 0 7s Jan.
C hicago a E rie.—1 st, 5g .l9 8 2 M A N 111%
8 7 7a
110*8 Jau. 112 Jan . I P rior lie n , ry. A l.g . 4, g .1997 Q - J 85*2 Jan.
95*4b. 9 3 Jan.
Chic. G as L. <feC.—1 s t ,5 g .. 1937 J A J
G eneral lie u 3 g ................ 2047 Q - F
55*4
515a Jau.
9 6 Feb.
A J; 133
Chic. M il.A St. P .—C o n .7 8 .l9 0 5
N o. Pao. A M ont.—6 g .........1938 M A 1
128 Ja n . 133 F eb.
141*2 J a n .
A
116*2b. 115*8 Jan. 117 Jan.
1st, S ou th w est D iv ., 6 a .. 1909
No. P acific Ter. Co—6 g ... 1 9 3 s J A J 1 07 *2b 104*2 Jan.
A
11778 L15*2 J an. 118 Jan.
Ohio A M iss.—Corns, f., 7 s . 1898 J A J 103 %b.
1st, So. Minn. D iv ., 6 s . .1 9 1 0
A
11330b. 112 Jau. 113% Feb.
lst,C b .A P a o .W .D iv .5 s ..l9 2 l
83%
Ohio Southern—1st, 6 g . . . l 9 2 I J A D
83*2 Feb.
A J 1 1 0 * 4 a 106*2 Jan. 110 Jau.
Chic. A Mo. R iv .D lv .,5 8 ..1 9 2 6
G eneral m ortgage, 4 g . .l 9 2 1 M A N t 11 1 t l 4
Jan.
A
J
111*40 110*8 Jan. 112 Feb.
W ise. A M inn., D iv , 5 g .. .l 9 2 1
O regon lm p r. Co.—l s t 6 g . . l 9 l o J A D
8 5 ‘ t 85*2 Jan.
A J l l l * 2 b. 110*2 Jan. 112 Feb.
T erm in al, o g ............. ..........1914
C onsol., 5 g ........................ 1939 A A O 1 18
15 Feb.
A J
99
Gen. M., 4 g ., s e r ie s A ___1989
O re.R .A N av. Co.—1st, 6 g .l9 0 9 J A J 113
9 6 Ja n .
9 9 Jan.
1 10 Jan .
A D 118%b. 118 Jau . 11850 Feb.
Mil. A Nor. —iB t,co n .,6 s. 1913
RR. A N av. co n so l., 4 g .1 9 4 6 J A D
83
8 0 Ja n .
A
A
O
Chic. A N. P a c ., 1st, 5 g . . .. 1 9 4 0
1 42*2 ( 4 0 Jan . ♦ 4 4 Jan.
Penn . C o.--4*2g. c o u p ........1921 J A J 110% 109% Jan.
Chic. A N. vV.— ConsoL, 7 s . 1915 Q-F* 1 4 0 *2b. 140 Jau . 14150 Jan .
P eo. Deo. A E v a n s v .—6 g . l 9 2 o J A J 101
1 00 Jan .
C oupon, g o ld , 7 b ...............1902 J A D 117%b. 116 Jan . 118% Feb. I E v a n s. D iv isio n , 6 g ........ 192u M A 8 101 i 100 f ™.
S la k in g fund, 6 b ................ 1929 A A O 117*2b. 114 Jau . 117 Feb.
2d m ortage, 5 g ...................1926 M A N
2 0 b. 2 7 Jan.
A J t 81*% t 8 0 Jan .
S in k in g fu nd. 5 a ................ 1929 A A O 109 b. 109 Feb. 109*2 Jau.
Phila. A R ead.—G en., 4 g . . 1958
Sin king fu u d ,d e b e u .. 5 s .l9 3 o M A N * lll* 2 b . 110**8 Jau. 112 Jan .
44% 143*2 Fob.
1 st pf. ino., 5 g , all lu st. p(L’5.s
25-year d ebenture, 5 s . . . 1909 M A N 107*4 106 Jau . 107*4 Jan.
1 325g 131 % Feb.
2d pf.in o., 5 g., all Inst. pd .’5o
E x te n sio n , 4 s ................... 1 9 2 * F A A 101 b. 101 Jan. 103*4 Feb.
3d pf.in o., 5 g ., all in st. pd.*58
t 2 5 b. tS lS g Feb.
M il. L. Sh. A W., 1 st, 6 g . l 9 2 l M A N 132% 131*8 Jan. 132% Feb. : P itts. Sh. A L. E ., 1 st, 5 g .1 9 4 0 A A O 9 9 %b. 9 5 Jan .
E xtern A Im p., 5g ....1 9 2 « ; F A A 112% b. 112*2 J a n . 115 Jan .
A J
P ittsb u rg A W estern—4 g . 1917
7 0 b. 71 Feb.
A J
Chic. K.1. a P a c .^-68,co u p . 1917 J A J 129 b. 128*2 Jau. 13 0 Feb.
R ioG r. W estern—1 st 4 g .. 1939
73*2
72% F eb.
E x te n sio n and coL, 5 s . ..1 9 3 4 J A J 104
4 9 78 147*2 Jau .
1 0 l 7e Jan . 104 Feb. ; St. Jo . A Gr. Isla n d —6 g . . l 9 2 o M A N
30-year d e b e n t u r e ,5 s ... 1921 M A H
98%a. 9 3 Jau.
St. L. A S a n F r.—6 g. Cl. B.190t> M A N 1 1 4 b. 112 Jan.
98% Feb.
A J lll* 2 b . 108% Jan.
Chic. St. P. M. & 0 . - 6 8 . . . 193o J A D I29% b. 126 Jan . 129% Feb.
G eneral m ortgage, 6 g . . 1 9 3 1
A J
Ohic.AVV.Ind.—G en.,g.,6a. 1 9 3 2 Q -M *117 b. 116*2 Jan. 117*4 Jan .
G eneral. 5 g ........................ 1931
9 7 b. 94*2 Jan.
A J
Clev. Lor. A W h e e l—5 s . . .1 9 3 3 A A O *104*4a. 102 Jan. 102 Jan .
R ailroad, 4 g .......... ........ 1996
65
62*2 J a n .
C. C. C. A I.—C o n so l.7 g ...1 9 1 4 J A D *132 b. 131% Jan. 132 Jan.
St. L. A So. VV.—1st, 4s, g .1 9 8 9 M A N
6 8 b. 68 Feb.
G eneral, co n so l., 6 g ___ 1934 J A J -1 2 3 b. 123*4 Jan . 1 2 4 Jan.
A J
2d, 4s, g.. I n c o m e ... . ...1 9 8 9
25 *2 J an.
O.C.UacS L L .- P ..vEast.,4f*.19 to A A i)
7 3 b. 7 3 Jan .
St. P. M. A M .—D ak. E x . ,6 g . 1910 M A N 119*2b. 116% Jan.
7 5 Ja u .
OoL M idlaud—C on s., 4 g. .1 9 4 0 F A A i 1-. b. 115 Jan . 1 17 Jan.
A J 123 *2b. 123 Jau.
1 st oonsoL , 6 g ................... 1933
GoL A 9 th A ve. gu. 5 s, g . . 199.5 M A S 117%b. 117 Jau . 118 Feb.
A J 103 *2b. 102*2 Jan.
"
red u ced to 4 *2 g ..
A D
O oL H .V al.A T oL —C on.,og. 1931 M A s
71
M
ontan
a
e
x
te
n
s
io
n
,
!
g
.1
9
3
7
63 Feb.
88% Jan.
90*4
87% Jan.
G eneral, 6 g .........................1904 J A D
A J
56
San .A nt. A A . P .—ls t .4 g .,g u .’43
58*%
8 7 Jan .
49*2 Feb.
5 4 78 Jan .
D en y, a K ioG r.—1 s t ,7 s ,g . 1900 M A N lll% b . I l l
M
AN
8
0
.
Car.
A
G
a.—1st,
5
g
.
.
.
l
9
1
9
9 5 a 87*2 Feb.
Jan. 112 Feb.
1st oonBoL, 4 g................... 1936 J A J j 88*4b. 88 Jau.
A J
8 0 . Paclfio, A riz .—6 g . .. 1909-10
92 b. 9 0 Feb.
89 Jau.
D ul. A iron R’ge—1 st, 5 s . 1 9 3 7 A A O • 9 9 b. 99*2 Feb. 101% Jan .
So. Paoifio, Cal .—6 g . . . 1905-12 A A U
108 Jan.
DQL S o. SU, A ALL—Og__ 1 9 3 / J A J 102
1st c o n so l., gold, 5 g ........1937 A A O 85%
Feb.
99*2 Ja n . 102
85 Feb.
E dison El. III. —l8t,con.g.OB.,9 5 J A J *104 b. 10 4 78 Ja u . 109*8 Feb.
A J 10 L b. 102 Jan.
8 0 . Paoifio, N. M.—6 g ........1911
E rie—4 , g, p rior b o n d s
1996 J A J
A J
Southern—1st oons. g, 5 s . 1994
94%
90*8
93*2 Jan.
95*2 Feb.
88*4 Feb.
G eneral, 3-4, g . ................1 9 9 6 J A J
E . T en n.reorg. lie n 4 -5 s. 1938 M A S 85 b. 8 9 Jan.
62% Jan .
66*4 Feb.
N .Y .L.E .A W .—lst,co n .,7 g .'2 u M A S
A J 10850b. 107*4 Jan .
E .T . V. A G .—1 s t,7 g . ... 1 9 0 0
139*2 Jau. 143*2 Feb
L ’g D ock, oonsoL, 6 g . 1935 A A O *133 b. 133*2 Jau. 134 Jan.
C o n .5 g ........ ...................1956 M A N 108 b. 107 Jan .
F t. W. A D en. C ity.—4-6 g .1 9 2 1 J A D 57*2b. 5 3 J a n .
A J 113*2 107*2 Jan.
G eorgia Pao. I s t5 - 6 s , g .,1 9 2 2
58*2 Feb.
A J 114
G aL H .A S au .A u -M .A P .D .lst,og M A N 8 8 b. 99*2 Jan.
K n oxv. A O hio 1 s t 6 s ,g .. 1925
91*2 Feb.
112 Jau.
G en. E le ctric .d e b . 5 b, g .. .1 9 2 2 J A D 9 6
A J 121 %b. 117% Jau.
Rioh. A D a n v . con. 6s, g.. 1915
9 6 Jan .
90*2 Jan.
H oua.A T. Ceut. g e n .4 B ,g .l9 2 l A A O 66%
A J
W est.N o .C a rlsto o n .6 s,g 1914
66 Jan .
67% Feb.
111*2 Jan.
Illin ois C entral.—4 s ,g ___ 19o3 M A N 100 b. 99*2 Jan. 1101 *4 Feb.
Standard R opH jtf.Jjit.O g.lO lO F A A
72*2
71*4 Feb.
W estern L ines, 1st, 4s, g . 1951 F A A 101 b. 100% Feb. |1 0 3 Jan.
Tenn. 0 . 1. A R y—Ten. D .l s t , 6g A A O 85
8 2 Jan.
Int-A G reat Nor.— 1st,6 s,g 1919 M A N 119*4 117% Jan . 119*2 Ja n .
A J
B irm ingh am D iv., 6 g . . . 1917
8 4 b. 8 5 Ja n .
2d , 4*2-58.............................1 9 0 9 M A S
T ex a s A Paoifio—1st, 5 g . . 2 0 0 0
A D 88*2
79 b. 7 3 J an.
8 0 Feb.
85% Ja u .
Io w a C entraL—l a t , 5 g __ 1 9 3 8 J A D
2d , in com e, 5 g . . . . . ...,2 0 0 u March
94*2b. 9 6 Jan.
21*2
19% Jan.
97*2 Jan.
K in g s Co. E lev. —1 s t,og . l9 2 o J A J
A J 106 a. 105 Jan.
T oledo A O hio C ent.—5 g . . l 9 3 5
49
4 4 Feb.
48 Feb.
L acled e G as.—1st, 5 b, g . . . 1919 Q—F
A D t6 9 b. 169% Jan.
Tol. St. L. A Kan. 0 .—6 g ,..1 9 1 6
9 3 %b. 93*2 Jau .
94*4 Jan.
L ake E rie A W est.—5 g __ 1937 J A J 1 15 b. 113*« Jan. 115*2 Feb.
U n ion P acific—6 g .......... ... 1 8 9 8
A J I 0 t*2 b. 103% Jan.
L, S h o r e .-C o n ,c p ., 1 s t,7 s . 19uo J A J l l l * 4 b. 110*% Jau. 111*2 Feb.
E x t. sin k in g fu nd, 8 .........1899 M A S t 93
85 Jan.
C onsol, co u p ., 2d, 7 s........1903 J A D 1 1 9 * 2 0 .1 1 9 Jan . ,119*2 Feb.
C ollateral tr u st, 4*2____ 1918 M A N
t49% Jan.
L ex. A v. A P a v .F .g u . os,g. 1 9 9 3 M A S 1 1 7 % b .!ll6 5 i Jau . 118 Feb.
G old 6s, col. tr u st notes. 1891 F A A 101
99
Feb
L ong Islan d. —1 st c o n ., og. 1931
J
K an. P a o .- D e n .D iv .,6 g .l8 9 9 M A N 110*2b. 113*2 Jan .
116 b .|H 3 Jan. 117% Jan .
G eneral m ortgage, 4 g . . . 1 9 3 8 J A D 87*2b.l 76*2 Jan . I 88 Feb.
1st oousoL, 6 g . . . . . . . . 1 9 1 9 M A N t 75*4b. t6 7 Jan .
L ouis, a N a sh .—C ons. 7 s .. 189-5 A A O 10550 b. 105 Jan . 105*2 Feb.
O regon Short Lli
L in e—6~ g .1------9 2 2 if A A t l l 7
1111% Jan .
W.O A M obile, 1 s t ,6 g . .. 1 9 3 0 J A J 1 19 b . j l i e Jan . 119% F eb . I Or.S.L. A U t’h N .—O o n ..5 g l9 19 A A G t 75*4 163*2 Jan .
M
“
2d, Og. 1 9 3 0 J A J 102 b. 98> gJan . 1 03 Feu.
U .P .D e n .A G u lf,o o n .,o g .l9 3 J J A D 35 b. 3 5 Ja n .
G eneral, 6 g ......................... 1 9 3 0 J A D 11 6 >4 b. H S -’s J an . 117 Feb.
U. S. L eather—8 .F.deb.Og. 1913 M A N 113*{4a. 11L% Ja n .
Unified, 4 g ............ ...........1 9 4 0 J A J
V irginia Mid.—Gen.M ., os. 1936 M A N 103
100 Jan.
80
7 8 >4 Jan . ! 8 0 78 Feb.
L ouis,N . A-As Oh.—lR t.6 s 1 9 1 0 J fe J 11214 b. I l l
W abash—1st, 5 g ...............1 9 3 9 M A N 107% 106 Jan .
Jan . 112*8 F eb.
ConsoL, 6g, tr. r ec e ip ts. 1916 A A 0 ( 8 5 a. f 8 2 Jan . t 8 5 Jan.
2d m ortgage, 5 g. . . . . . . . 1 9 3 9 F A A 67*2b. 6^*0 Feb.
M anhattan consol. 4 s ........1 9 9 0 A A 0
W est N. Y. A Pa.—1st, 5 g . 1937 J A J 107*4 104*2 Jan .
94
j 93 Jan. 1 95*4 Feb.
Gen. 2-3-48, g o l d . .. . ... 1 9 4 3 A A O 4 3 b. 46% Jan.
M etro. E ie v a t e m - 1st, 6 g . 1908 J A J 119
___ ___________
b . I l l 6*8Jan . 118**8 Feb.
W est.U n.T el.—Col. tr. 5 s . .1 9 3 8 J A J 107 *4b. 106*2 Jan.
.....................................1899 M A N 106*8 1105 Jan . 106 *e Feb.
M ex. Internal*!—1st, 4, g . 1912 M 3t 8! 7 0 b.l 71 Jau .
W ise. Gent. Co 1st 5 g ...1 9 3 7 J A J 1 39
7 3 Jan .
t 3 7 Jan.

6578

N o te .—‘4bMin d ic a te s p r ic e tn d ; “a” p rice a sk ed ; th e ra n g e is m ade up from a c tu a l s a le s on ly.
M EW V O ItK S T O C K
SE C U R IT IES.

E X C IM N U E
Bid.

Kail road Bonds.
; Stock, E xchange P rices.)

A labam a Mid.—1 s t ,g ^ ,g u a r.. 1928
A tch. T opeka A San Fran.—
U aioago A St. Lou.—1st.. 60 .1 9 1 5
Col. Mid. 1st, g . , 8 p ,a ss td .1 9 3 6
Atl. A P ac.—2d W. D„ gu. 6 s . ' *R)7
W estern D ivision I n o o m e ..l9 i0
a it. A O h io - 1st, 6 s, Park B . 1919 I l l

* L a te st prioe th is w eek.

P It I C E S — ( C o n t i n u e d ) . — I N A C T I V E
S E C U R IT IE S .

Bid.

Ask. |

Bait. A Ohio—
*90*2
W V». A P itta.—' s t , * . , 5 b.. 1990
B. A O. 8. W., 1st, g ., 41,8. ..1 9 9 0
i M onon. R iver, l-»t,g., g .5 B ..1919
C ent'l Ohio R eor.—18t,4> s8.1930
9 8 '4
Ak.&Ch. J u n e.—la t,g ,5 a ,g a . 1930
B rook lyn E levated —2d, 5 8 ... 1915 *
Seaalde A B .B .—1st,g ,5 a ,g u . 1942

45"

H igh est,

117 Feb.
107 F eb .
103*4 Feb.
95% Ja n .
84*2 Ja n .
6 3 Jan.
87*2 Jan .
1 02 F eb .
1 0 1 % F eb .
103*4 Jan .
103*2 Jan .
1 0 2 78 F eb .
102 Feb.
77*2 F eb .
1 19 Feb.
68 F eb .
1 29 F eb .
1 02 Feb.
103*8 Feb.
118% Feb.
10830 Feb.
112*2 Feb.
120*2 F eb .
108 F eb .
106 Jan .
1 18
138
96
109
103*2
119*2

Jan.
Feb.
F eb .
Feb.
Jan.
Jan.

116 Feb.
182*2 Feb.
16 0 F eb.
88 % Feb.
56*4 Feb.
146*4 F eb.
108 F eb.
9 0 Ja n .
tl5
Jan.
90*4 Jam
1 18 Jan.
113 Feb.
84 Feb
111 Ja n .
1 04 Feb.
106 F eb .
27*2 J a n
182 F e h
14 8 Jan
♦ 3638 J a n
134*4 Jan.
1 00 J a n .
74*2 Jan.
74% Feb.
14 9 78 Jan.
115% Feb.
112*2 Feb.
98 J an.
6 6 78 Feb.
7 0 Jan .
28 Jan .
1 20 Feb.
124*4 Feb.
104 Feb.
90*2 Feb.
5 9 Feb.
91 Feb.
94*4 Jan .
108 Jan.
8 7 F eb .
105 Feb.
9 1 Ja n .
89% Jan .
108% Feb.
108*2 Jan .
114 Feb.
1 15 Feb.
1 22 Feb.
113 Feb.
79*8 Jan .
8 6 Feb.
87*2 Jan .
9 0 Feb.
2 3 Jan.
1 08 Feb.
175 F eb.
105 F eb.
95 F eb.
150 Jan.
102 J a n .
1 1 6 78 F eb.
1 7 8 Jan .
1 18 F eb.
t76% F eb.
3 7 Feb.
1 1 4 Feb.
103 Feb.
107*4 Jan.
73% Jan.
107*4 Feb.
5 0 F eb .
1 0 7 Jan .
t 39% J a n

1 T ru st receip ts.

B O N D S -—F E B R U A R Y

26

SE C U R IT IE S
B runsw ick A W’n —1 st, g . , 4 s . 1938
Buff. Rooh. A P itts .—G en. 5 s ..1937
Rooh. A P ., 1st, 6 s ..................1921
Rooh. A P itts.—Cons. 1st,6s. 1922
Buff. A Busqueh.—1st, 5s, g . . l 9 1 3
Burl. Obd. Rap. A N o. 1 st, 5 s . 1906
C onsol. A coLlat. tr u st, 5 s .. 1934
M inn. A St. L .—1 st, 7 s, g u . 1927
Ced. Rap. I. F. A N „ 1st, 6s. 1920
1st, 5 e . ................................. ..1 9 2 1

B id.
’97»8
122

A sk .
98*2
12™

GOl
106*2 1 07’ *
102*3
106
102*2

ifit

414

NET* tORK 8T0CE EXCHANGE l'BICES.-iJV^CTJFjE
M scrarn ® *,

ma.

[Vol. LXIV. 1

C H R O N IC L E .

SECURITIES.

B O N D S -fV a m in m d J -F E B E U A R Y i d .
Bid.

Ask.

SE C U R IT IE S,

98
Kv.AT.H. — It, Varoon la tS r,1923
mi. Uo, Br. lat, *., 5a..........1930
96**
U3 ! vaus. A Indian —lat, eoua.,1926
tkH i. Of jjSLJ »'HpSWRIf*Aw* #®#<*
|
]*****”» Flint A P. MarquettA—
Mort., 6 a ............................... 1920 114 115
84
lat, non. gold, 5a........ ......1 9 3 9
I bB
j P
1 0 0 %*101^4
80
Ft. Huron Div.—lat, 5 a ---- 1938
S J u n V Vri. - K . . . . . . . . . . 1898 100* 101*4
Fla.
Gen
A
Pen.—lat
g.
5
b
—
1918
103
S*c Joaniun Br.. 6 « ..............1900;
lat con. *., 5 a ....................... 1943
M-. ri.geM *»• .............-....... J9 S9
43
Ft. Worth A R. Q .-la t g., 5a..1928 42
1 •*::•! m*Bt,
I960
Hal. Har. A 8 an A n t—1st,6 b.1910 100
Oat * O. r?tv.,pxt.. g. 5*...1918
90
2d
more,
7a..........
.............1905
1
0
2
>*
103
West. Patstfte—Boo A*, de, . . - 1899
Ha. Car. A 5or.—lat, cu. 5a, g.1929
*«. Railway tCV > -l»t,6*.1907
Mftf 5ft.
.................1938 «6 “ off Houaatonlo—Cons, gold 5a.... 1937 i'sS"
Sf. Haven A Derby, Cona,5s..l918 107
Oesit Washington—1st. *?.. ®*'1938
i > ~ A o .- P a r . M. land. 03.1898 i ‘oT% i'oT% Houa. A Texas CentralWaco A N.7a.... .................1903 125
Orml*Y*Ueyr lst..«.. 5» ...1940
lat g., 5s (lnt. g t d j............. 1937
«»ra> Bpr.V*!., 1 st, g. 5»..}®41
Cona. g. 6 b (int. gtd)............ 1912 102% 106
1021c
K'S», LA Bn- Saadj ~G. »s 1902
Delient. 6 a, prin. A lnt. gtd.1897 95
0 >*«. O.aBo.W esfc-lat 6 s, K-19J-1
Deheut. 4a, prin. & lnt. gtd.1897 91% 96%
1A. 6 *..
......................... 1911
Illinois Central—1st, g., 4a... 1951 107
Olt, V.—Gen.ean.1 at, go. g, 5s. 1938
lat. gold, 3%8....................... 1951 98
O tlflMO A A lto n - 8 . F., 6 * .... 1903 114%
L ’ ais. A Mo. River—l# t,” 8.1900 lo o 11058 Gold 4 s...................................1952 1 02 104
2-10 g., 4s..............................1904 99
S4,7*................................. 1900 109 112
Cairo Bridge—4s.................. 1950
81 1. Jacks. A Chic.-2 d , 7*. 1898
Spring! Div.—Conp., 6 a---- 1898
Ml*a.R. Brldro—lst, 8.f . 68.1912
Middle D iv.-B eg., 5a..........1921
Chip Bur'.. A N or.~lsl.5a---- 1926 1051*
O.St. L.&N. O.—1T en.l,,7a. 1897 103%
Chic. Burling. A Q.—5*. a L-1901 104
lat, consol,, 7a....................1897 103%
low* Dlv.—Sink.Innd,5*..1919 *107
Gold, 5a, oonpon............... 1951 121 122
Btal gland,4s........... 1919 •99i*
Memp, Div., latg. 4e.......1951
• u S .4 .* ..........................1921*......... 94
Chicago A Iowa Dlv.—5 s .—1905
•--»
Bellv.A So. III., gu., g,, 4%s 1897 1 0 0
Ced. Falla A Minn.—lat,7a.. 1907
d o . A Indiana Coal—1 st56.1936 93
99
hl.MU. A8t.P.-l6t,8a,P.D .1898 104 104% Ind. D. A 8 pr.—lat 7a, 1906, trttat.
recta., ex bonds........ .................
21,7 3.10*. P. D ................. 1898 128*
tad. Deo. A W.—lat, g., 5s__ 1935 100% 101
lit .7 a ,S g .,R .D ................. 1902 130 131
90
t it, 1. A Si., 7*.................... 1897 128 128* Ind. Ilia. A Iowa.—1st, g, 4a.. 1939
lat, ext,, g. 5a. .............. ....1943
l A. I. A D .,7 «.................... 1899 123* 129
tat. A 0 . NT,. 3d, 4a, g .......1921
31
30
l»t,C . A M .,7*.................... 1903 128'*
EingaCo.-F,EL,lat,5,g.,gu.A,1929
45
1 A, I. A D, Extension, 7 a ...1908 134
Lake Erie A West,- 2 d g „ 58.1941 101
lit ,L * C . A D »v .,5 s ........ 1919 108*
103%
103%
North'n Ohio—lat, gu. g. 58.1945
t it, H A D .,7 s...................1910 . . . . . 128
L, S. A M.Son.—B.AB.—N ew 7s.’98 105% 106%
lit, H. A D .,5 s...................1910*108
Oiicavo A Paeiilo D lv., 6 s.. 1910 117 u T
Del. M. A T ,—1st, 7s............ 1906 120
stneral PointDiv.5a..........1910 .......
Lake Shore—Div, bonds, 7 b . 1899 108«6 UO'
Kal, AIL A G, R . - l s t gn. 5s. 1938 112
a A L. 8 nj>. Dlv., 5*...........1921 108 no'
r «rv<> A South.,6 *, AMU...1924 107
Mahon’ g Coal KR.—lat, 58.1934 116%
I sc. n s r . sink, fund, 5*---- 1916 ---LehighV.jN.Y.—1st gn.g.4%8.1940
99
Dtkola A Gt. 6,.mth.,5»....I910 ........ 110's Lehigh V.Terin,—lBtgu, 5a,g. 1941 T08
Lehigh V ’ y Coal—let 5a,gu.g.l933
MU, A Nor. main Hue—6*...1910 118*
O iic.ASort:.—30-yearileb.5e.'921 111*
Lehigh A N.Y.—1st, gu. g. Is. 1945
91%
JBltiiiraC.A>’ .,l3t.g.latpf.6s.l914
K$4»n*ba H . 9 . lat, 6 *. ...1901 .......
Os* M- A Mini:. —let. 7*-----1907 .......
Guar., gold, 5s.................. 1914
tows Midland—1st, 8 s__ ..1900 .......
Lltohf. Car.* West.—lat 6 e. g. 1916
Okie, A Milwaukee—1st, 7s.1898 101
Little Rook A M.—lat, 5s, g ..l9 3 7
f i n . 4 81 P .-2 d ,7 s ............1907 ........ 127
Long Island—
MU, A Mad.—1st, 6 s........... 1905 *108
1st, 7a................................... 1898 103% 1 0 6
O n. C. F. A 81. P,—1st, 5a. 1909 109>s
Ferry, lat, g., 4%a...............1922
89
northern 111.—lat, 5 s......... 1910 109 % .........
Gold 4a................................. 1932
MB. I~ S.AW.—Con,deb.,5s.1907 105
N, Y. A R'way B.—lat, g. 5s. 1927 ‘ 98
Mist. Div., Is!, 6 s............. 1924 127
2d mortg., ino..... ..............1927 35
42%
Ashland Division—1st, «s 1925 128
N.Y.B.&M.B,—latoon. o 3,g .l 935 TQ5 1 08
Ob,R.LAP~D.M.AF,D.lBt4a.l905 .......
Brookl’nAMontank—lat,oa.1911
1st, 2 k *..............................1905 -621* 66
lat, 5a................................ 1911
Extension, 4s................... 1905 .......
No. Shore Br.—lstoon.5a,g.l932
Keohnk AD e* M .-la t,5 a ..l9 2 3 1 0 1 %
Lonla.Evana.&St. L.—Con.5s.1939 29
Ohio.8 t~ P. A Mian.—lat,8e...1918 "129
Louis. ANaah.—Oeoil.Br. 7a..1907
111
8 t. F » u l A 8 . C .-la t ,« 9 ....... 1919 1 3 1 % .........
E, H. A Nash.—lat 6 a, g,...1919 113%
©Ue. A W. Ind.—lat, a. f., 6 s.1919 ........
Penaacoia Division, 6 a........ 1920 >108
Staeral mortgage, 6 s..........1932 *117
St. LouIb Division, lat, 6 s... 1921
Chic. A West. MIOB.—5s. . . . . . 1921 ........
2d, 3a................................. 1980
O n Haas. A D.—Oon. a. I., 78.1905 .......
Nashv. A Deeatnr—lat, 7a..1900 107
Sd ■ ■4***............. ...........1937 ........
B. f.,6 s.-S . AN. Ala.............1910
Ola. Xi. A Ir’n -D i.g a . Sa,g.l941 100% UQ
50-year 5s, g..........................1937 **95* 100
» a v . Alt. A c o l.- >.■;, A 2d Os. 1930 . . . . . .
Pena. A A t.- lat, 6 a, g o ld ...1921 9 7
97%
Clev,AC»o.—Tr.ctfs.forlet38.lSU7 70
7b
Collat. trust, 5s, g ............... 1931 102
0 O .e A B t. L .-U en .,g, I s ..1993 ........
vi.AN. A M.AM.-l8t,g.,4'4Sl945
Cairo division. 4s........ ....... 1939 *......... 00
Naah.Flor.&S.—lat, gn., 58.1937
.Leo. Div.—l*toal.tis*t4s,g, 1990 9 3 4 06
Kentucky Central—4a, g ... 1987 86% 90
Surlng, ACeLUlv,—l«t,g, in . 1940
L. A N.—Lou. C. AL, - g . 4 %a. 19 31
WaneW’. Vai. Di v .-l«t,g . 4*. 1940
A>a.AJett.BdgeC().—Gu,g,4s.l945
i. In. Wab.AM.Div.—lat,g.4<. 1991 *........ gg
Loa.N.Alb.AOh.—Gen.m.g.5a.l940 42%
CIO. I. 8 t. L. AC,—1st,g.,4e. 1936 99% 10ns Memphla A Chari.—6 a, gold.. 1924
eoBiMst.e*.............. ..........1920
Mexican Cent. Consol.—4a, g,1911
Ola.Bar.. A<o.—Co u. i at,gO ", iiis i 108 HO
lat, oone. Income 3a, g__ 1.1939
I»d)*oa B. A W.—lat pf.7»,li)00 107%
Mexican National—1st, g., 6 a. 1927
Ditto lad. AW. - l a t pw.Efls. ,1938' . . . . .
2
J ,income, 6 a, **A” ..............1917
Pr-.r. A
JaOoai. »- . i oyy
]o
2 d, income, 68 , “ B ” ............ 1917
C.
CIS. A Ind.—l*t, 7*,».f.l899 103
Michigan Central—6 » ..............1909
Conr-nl sink, fnnd, 7a.. . . . .. 1914
Coupon, 5a............................. 1931 118
Ci«. ABpT. - 1 nt.O.GC. A t. 7«. 1901 ■
Mortgage 4 «............
1940 103%
Clevp. Lorain A Wit.—1et, 5s. 1333 * ....., 104%
Bat.ij.AStfgia.—1st,35,g,gn.1989
© e rr A Maa,:V.—Cold, 5a...1938
Minn. A St. L .-is t , y. 7a........ 1927 139%
£»«t L»-'is. AW .—Mon. 7s.. ..1 8 0 7 121
Iowa Rxtenaion, 1st, 7a...... 1909
8pra. Bin tf. A 8. V.—1st, 7*,1900
. , . 126
Southwest E xt.- l?,t, 7a...... 1910 12 3
l i r r t A K*‘*h» -1st
...1 9 1 4 *142% 144 i Paolflo E lL -la t , 6a.......... .1921 121%
'1
..1 9 0 0 *109 % U O k M p,K .ATex.-l8t, ext., 5a, g.1944
f t o! IS' fi
. . . — ...1901 U 5 V 1 1 0
Mo. K.AT.of Tex. i st,gn.5a,g. 1942
81
w % |T
*...........19151 141 i1A3
. . . .A. . p., lBt,4a,g.'.1990 68
Sanaa* City
70
ft r fft a -Sid.7#
. . . . . . . . . io o o ‘112 !U33>» Dal. A Wnoo—lat, 5a, gu ..,. 1940 72
0 . l A O W . - P a . D i t ooap.7*.19171 MS
147
Miaaouri Paoillo—Trust 5a...1917
w
M
*—i !, iftt. ,7a 19061
61
MvWnuft*# gfear,, 5*. .......1906 i i T ' " i1*18% I lat 00 U., 5a, g .................. ...1920
: 8tL. Al M .-Ark.Br.,lat,7a.l895 103 107
% S*f.. U u
.1921 '146
’Mobile
A
Ohio—lat
ext.,
6s
.
.
.
1
92
7
0fe3‘t*.
—cSc
,* .1 9 1 0 1
; 8t. L. A Cairo—la, guar.......1931 *80
Mtftmptth By .—lm
o».i© iij
Morgan’! La. A T .—l a t , 6 a .... 1920 114
t o m ? . & & O*—Imj*
,...1928 81
82
la t, 7 s ....... .....................................1918 125%
0 ^ * 1 1 . Af M,—JL f . a
-4.1*111’ 20
22
bash. Chat. A St. L,—2d, 6a..1901
Uet b
U
* ..1 9 9 5
88
N,
O. A. No. L,—IT. 1., g., 6a..1915
...........
....1 9 9 .5 ’
<. Y. Central.—Deb. g, 4 a .... 1905 102%
.1807: Km% 108’
N, J, June—Guar, le t , 4 a . . ,198b
106
%4
5#..,
.10191*117 i.......
...
BeechOreok-lat, gold, 4a. .1936 lOS' 107
id * #jtW'0d#dt
.1 9 2 3 P H 2 j . . . .
Oaw, A Rome—2d,.r>8,g.,gu.l915
4ti#*iw ie4., 5i*.
.1 0 2 0 * 1 1 6 % .......
Utica A BL Riv.—4s, g., gn.1922

C o a io - c o i. a cm m . \*t, 4%*. 103t>1
*93
Oo*'S. WH * H*alL-Ool.
C eac R j, of O*.* ttf* $ * 5»**i-H5 U 2

.10261*100
.....
.19201 142
144
1,
■1916! 135 137
. 09***..1 9 0 8 *100 i
A# , .19091*108
... ]
.1 8 2 2 . . . . . I . . . .
• f*i3j 1 0 0
.18*1 ’ 1 1 0 112

Ask

N orthern P aollie—
Cteur d’A le n e —le t ,6 a ,g o ld .1 9 1 6
C. d 'A len e—G en. l a t ,g ., 6 b . . 1938
N orfolk A S ou th 'n —1st, 5a,g. 1941 101
N orfolk A Went.—^General, 68.1931 ’ 120
N ew R iver 1 s t 6a.................... 1932 *112
Im p. A E x t., 6a..........................1934
A dlu atm entM ., 7 a .................. 1.924
100-year 5 a ....................
1990
64
Md. A W ash. D iv .—I s t ,g .5 a .l9 11
83%
83
S cioto V al. A N. E .—1 s t , 4a,.1989
Ohio A Mias.—
C onsol. 7 a ............ .......................1 8 9 8 103%
2 d c o n a o l. 7 a ..................
1911 118
S p rin g.D iv.—I a t7 a ................. 1 9 0 5 101% 102
G eneral 5a. ............................ ..1 9 3 2
Ohio R iver R R .—la t , 6 b........... 1936 i'oT
G en, g .,5 a ................................... 1 9 3 7
84
Omaha A 8 t, L outs.—la t, 4 s . .1 9 3 7
50
O regon A O altlor.—1st, 5s, g .1 9 2 7
P enn -P .C .C .A 8t.L .C n .g.4% aA 1940 109%
Do
do
S eries B .......... 108% 109%
P .O .A S .L .-lst,o .,7 e ................ .1 9 0 0
P itts. Ft. W. A 6 .—la t , 7 e ...1 9 1 2 137
2d, 7a .......................................1912 136
3d, 7 s .........................................1912 128
<)h.8t.L. &P.—ls t,o o n .5 a ,g .. . 1932 115
Olav, & P .—C ona.,a. fd ,, 7 a .1900
G en. 4%a, g ., “ A .............. 1942
S t. L. V. A T. H .—l a t , 6a„ 7 a. 1897
2d, guar., 7 a ................
...1 8 9 8 1 00
G d .R .A I .E x t.-ls t,4 % s ,0 .g .l9 -U
A lle g .Y a l.- 0 e n ., gu., 4s, g .1 9 4 2
P eoria A P ek, U n ion —la t, 6 a . 1921 110
75
2d m ortg., 4% s..........................1921
P itts. C leve. & T ol.—la t , 6 a ., .1 9 2 2
P itta. A L. E r.—2 d g . 5 a ,” A” . 1928
P itta. Mo. K. A Y .—l a t 6a------1932 1 33
73%
Pitta. P ainav. A F . - l s t , 5 a . . .1 9 1 6
P itts. Shen. A I,. E .—
l a t oonaol. 5a..............................1943
Pitta. A W e st—M. 5 s . g .1 8 9 1-1941
P itta .Y ’g s t’n& A.—1 st, 5 a ,o o n .l9 2 7
R io G rande So.—1 s t, g ., 3 -4 8 .1 9 4 0
St. J ob. A Gr I s . - 2 d i n e ........ .1 9 2 5
K an. C. A O m ah a—la t, 5 a . . 1927
St. L. A . A T, H .-T e r r a . 5 8 - 1 9 1 4 104
B eile v . A Car— l s t , 6 s...........1923
Ohi. 8 t .L .& P a d .- l st,gd .g.5 g 1917
St. Louie 8 0 .—1 s t, gd. g. 45 .1 9 3 1
do
2 d ln c o m e ,5 a .l9 3 1
Oar. A S h a w t.—la t g. 4 s ___ 1932
115
St, L. A S. F .—2 d 6a, g ., ol. A . 1906 1 14
115
2d , 6a, g., olass O .....................1906 1 1 4
1 st, tr u st, gold 5a,...........
1987
F t. S. A V .B .B g .- 1 s t , 6 8 .- 1 9 1 0 107
St.L . Kan. A S.W. - l a t , g .,6 g ,1 9 16
St, Paul C ity K y, o o n . 5a, g .,.1 9 3 7
G old 5s, g u a r ............................1937
St. P au l & D u lu th —la t , 5 e -----1931
2d m ortgage 5a....................... .1 9 1 7 ’103%':..........
St. P a u l M ino A M.—la t , 7 s . .1 9 0 9 107
2 d m o r t .,6 s — ............
.1 9 0 8 120
M inneap. U n io n —l a t 6a___ 1922
M ont. G e n —la t , g u a r .,6 a ..1 9 3 7 115
115%
l a t guar. g. o s ........................1937 •102%
E ast. M in n ., 1 s t d iv . l a t 5 s . 1908 *105
W*'u a rA S iou xF ,—l3 t , g ,o a .l9 3 5 104
San F ran. A N . P .—la t , g., 5s. 1919
SaY.Fl. A W est. —1 st, con. g .6 s .l9 3 4
S e a t.L ,S .A E a 3 t.,lst6 5 ,a s it.p d l9 3 L *35
S ou th ern —
A la, O eut., la t 6 a .......... . . . . . 1 9 1 8 1 10
A tl. A Char.—la t , p r e f., 7 a ..1 8 9 7
In co m e, 6 s ............. ............... 1900
Colum . A G reen.—la t , 5 - 6 s .l9 1 6
E . T en u . V, A G a,—D iv ls.o s 1930 1 1 0
112
R ioh.A D a n —E q . s. f. g . 5 8 .1 9 0 9
D eben. 5a, s ta m p e d —___ 1927
100%
Vlr’a M id.—S e r ia l aer.A , 6a. 1900
S eries B , 6 a ..............................1911
S eries C, 6 a ..............................1916
Soriea D , 4 - 5 a .......
1921
Series F , 5 s ..............................1931
W aali.O.AW ,—1 st onr.gu.4s. 1924
79
Ter. A s'n of St. L .—1 s t, 4% a.l939 109% ..........
la t , con, g. 5 s .................189 4 -1 9 4 4 104%
S t.L .M er,B r.T erm „g.fts,ga..l93ii
T ex a s A N e w O rleans—la t ,78.1905
Saoin o D iv isio n , la t , 6 b........ 1912
C onsol, 5 a ,g -------------- „ . . . , 1 9 4 3
92
T ex . A P a r ., E . D,—1 st, g. 6a. 1905
T hird A v en u e (N .Y ).—1 s t 5a, 1937
12*2%
T.AO.O.—K an.A M„ Mort, 4.5,1990
77
TOL Pen. A W est.—la t , g ., 4 s . 1917
60
67%
U lster A D e i.—ls t,o o n .,6 ,,5 s - 1 9 2 8
99 100
U nion Paoillo—
1 s t, 6 « . . ..........
1 8 9 6 104%
la t, 6.5............................................1897 104%
1 st, 6 s ........................................... 1898
C ollateral T ru st, 0 a ..............1 9 0 8
C ollateral T rust, 5a........ . . .1 9 0 7 •7 5 ” 85
K ansan P aoillo—1 s t 8a , « . . . 1 3 9 5 109
la t , 6 a , g ........................
1896 U 3% 113%
O. Br. U P, - F . <)., 7 a ............1895
A toh. Cal. A P a e .—1st, 6 » ...1 9 0 S
25
- -f
A toh. J. Co. A W.—la t , 6 a . .. 1905 ____ _ 27
___ m 25
U . P. Lin. A OoL—l8 t ,g .,5 a . 1918
' U tah A N orth — la t , 7 s ..........1 908 116
118
G old, 5 a .................................... 1920
103
U ta h Sou thern—G en ., 7a ..1 9 0 9
75
75%
E x te n ., 1 s t, 7 a ............ .........1909
74% *— *
W abash—
D eb en tu re, 8or. A . . . . , . . . , 1 9 3 9
D eb en tu re, S eries B .............. 1939 "2 1 H 22%
D e l, A Ohio. E x t. la t , 6 s, g . 1940
98
.. Na V j a p u l - l l g .’, k P 1993 1 02
93
St L.K.O.AN.—S t.0 .B d g e6 a ,1 9 0 S 107%
£ ' X"
* H '—le t , re*. 4a. 1903
N. Y. A N orthern—1 st, g. 5 a ..1 9 2 7 1 20
W est N .Y .A P a.,«on .g. 2-3%g 1943
48
49
121
N. Y, Soaq. A W ea t.-2 tf, 4%a. 1937
13
Incom e 5 a ............- ............. ... 1 9 4 3
12
toOTt., 5a. g ..................... 1 940 "7 0
72% West. Va. O. A P itta.—le t , 6 s . 1911
W
h
e
e
i.A
L
E
.la
t
.5
a
,
g
o
ld
...1
9
2
6
91
8 * - * L 11*!-—1 s t,gtd .,g.5a. 1942
89 %j
NOrtlltTO r tiO,—
W heeling D iv., 1 s t, 5a, g . . . i 9 2 8
75
f
N. P.—Gen . fix ..1 9 2 3 125
B xtenaion A Im p, g., 5a .—..1 9 3 0
75
........
.tr.reo.
m e o m e 5*. . . . ...1 9 3 7
81 %

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rd* 7

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T*T; ttiea* arc ti e late*! qmtUlui.1

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lcty Pi,
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*
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THE CHRONIC! h.

F e b r u a r y 27, 1S97.J

Investment
gailrvad Intelligence.
iLNDl

R o ads .

415
L a test G ross E a rn in g s.

W eek o r M o 1896-97.

ram
H oos.Tun.*W ll. January...
2,879
Houe.dk Tex. Ceil November. 346,713
Illinois Central r January... *1816107
Ind.D eo.*W est. 2d wk Feb.
10,017
In.& G t.N orth 'D 3d wk Feb.
lln te r o o . (M ex.) W k.Feb. 6

1895-96.

J a n . 1 to L a test D a te .

1896-97.

1895-96.

$
$
$
3,784
2,879
3,784.
324,472 2,946,320 3,171,036
1 1920629 11,816,107 1 1,920,629
7,558
56,021
58,675
747,3 81
769,974
475,651
62,332
462,697
244,024
42,516
211,532
216,671
45,890
284,6933,696
4,218
4,218
308,688
28,687
387,469

69,144
49,713
36,816
3,696
26,407
3,141
8,523
68.674
8,446
64,666
80,441
462,429
76,644
494,149
24,652
158,573
25,031
159,031
31,257
24,852
31,257
24,852
768
4,993
370
4,954K an.O ity & O m . 2d wk F eb.
6,229
a ra tely on a subsequent p a g e.
1,683
33,007
12,045
K.
O. P itts. & G .. 3d w k 25,868
Feb,
172,669
11,443
80,773
Kan.C. Sub. B e lt 3d w k Feb.
6,538
44.171
4.561
L a test Or 088 E a rn in g s .
J a n . 1 to L a test D ate.
33,651
Keokuk & W est. 4th w k J a n
8,890
28,952
11,128
36.166
L r R oads ]
L. E rie A ll & So.! J a n u a ry .
7.339
7,339
W eek o r Mo 1896-97. 1895-96. 1896-97.
6.331
6.331
1895-96.
L. E rie & W est. ;3d wk Feb.
68,752
450,338
66,954
483,576
L eh igh & H u d .. Jan u ary.
26.477
30,599
26,477
$
30.599
16.648
f{17,730
194,894
196,547
20,768
15.407
207,331
201.229 L e x ’g to n & E a st.!D ecem b er.
A dirondack.......December.
230,024
31,447
25,387
199,984 L ong Isla n d — J a n u a r y ... 200.468 205,964
Ala. Gt. South.. 3d w kF eb.
200,468
205,961
4,738
57.247
51,249
7.736
640,356
4,738
7,736
557,767 L os A ng. T er m . jJ a n u a r v ...
Ala. M idland ... December.
L o u is .E v .& 8 t.L 3d w k Feb.
25,669
175.850
24.532
Ala. N. O.Tex. A Pac. June.
183,779
8,059
24.000
29.000
8,211
80,000 L ou.H en.& St.L.i'Jd wk Feb.
73.000
N Orl. A N. E. 3d wk Jan.
50,827
50,995
12.0 0 0
1 2 .0 0 0
32.000
Ala. A Vicksb. 3d wk Jan.
33.000 L o u ls v .& N a s h v J jj w k Feb. 396.705 385,330 2,770,665 2,855,757
58,404
9,000
7,000
27.000
73,785 2,209,409 2,272,642
Vicks. 8b. & P. 3d wk Jan.
23.000 L ouis.N .A .& C li. 3d w k S e p t
5,500
177,397 I f 8,716
5,500
7,290
177,397
A llegheny V a l.. January...
188,716 M a c o n * B irin. J a n u a r y ...
7,290
10,123
21,964
18,593
10,123
11.194
159,994
A nn A rb or........ 3d wk Feb.
11,194
146,800 M a n istiq u e ........Jan u ary.
96,476
22,187
12,408
14,121
25,841
Ark. M idland... December.
144,417
172,928
111.971 M em phis& C has 2d wk Feb.
Atch. T. & 8. Fe. D ecem ber. 2,852,01* 2,766,028 29,777,401 28,862,138 •.Mexican C e n t.. 3d w k Feb. 245,369 184,116 1,817,924 1,382.115
~ ------- 163,724 213,844 1,447,385 1,550,923 M exican Intern, jN ovem ber. 255.334 231,610 2,667,097 2,378,669
A tlanta & Char November.
3,537
19.010
Atl. Knox. A No. Itb w k J a n
5.079
717,173
74,710
22.145 IM ex. N a tio n a l.(3d wk Feb. 112,773
(•53,673
52,214
52,201
5t<7,527 M ex. N o r th e r n .; D ecem b er
531,430
A tlanta A W. P December.
59,03*
714,212
57,118
681,896
9,680
6 6 ,0 0 0
Atlan. A D a n v .. 2d wk Feb.
9,078
277,000
, 59,052 tM e x lc a n R ’wayl W k .Jan .30
57,341
62,000
239,500
21,800
A tlantic A P a c.. December. 314,497 317,659 3,530,561 3,589,116 M exican S o ........ tth wk Jan
53,664
13,259
40,490
7,719
7,795
AugustaSout’n. December.
7,489
6i',326 M iddle Ga. * A tl. jD ecem ber
80,737
8,381
28,265
M lnneap.& St. L.|3d w k F eb
Austin A N ’ west November.
■32,564
227,571
20,306
32.695
248,743
St.P.& S.St.M . 2d wk 56,362
Feb.
23,700
26,100
Balc.Ches.AAtl. January...
55,239
311.055
'26,100 M .
23,700
360,353
Balt. A O hio___January... 1,955,645 1,817,932 1,955,645 1,817,932 Mo. K an. & T ex. 3d wk Feb. 224,093 226.441 1,632,404 1,667,936
M
o.Pac.&
IronM
3d
w
k
Feb.
Bal. A O. Sou’ w 3d wk Feb. 117,246 108,075
417.000 407.000 2.930.000 2.936.000
826,255
828,707
C entral B r’ch .i3d w k F eb .l
45,423
B angorA A roost December.
60,890
2 v*,00b
145,000
13.000
95.000
722,583
719,718
T o ta l..............3d w k F eb .
3,101
Bath A Ham’nds December.
439.000 420.000 3.075.000 3.031.000
3,373
38,676
35,653
Bir. A A tlantic. January...
1,465
4,965
2,129
5,649
38,318
36,924
1,465
2,129 M o b ile * B irm . 2d w k Fi b.
48,008
Brunsw’ kAWeati December.
49,262
323,771
299,921
601,125
532,009 M obile * O h io .. J a n u a r y ... 323,771 299,921
f 3,455
Bufl.Rocli.APiti 3d wk Feb.
103,277 104.760
104,7 0
413,704
54,565
103,277
419,610 M out.& M ex.G if Jan u ary.
Buffalo A Susq. Ja n \iary...
37,063
413,051 463,599
413,051
463,599
35,918 N ash .C h.& S t. L. !J a n u a r y ...
37,063
35,918
80,608
Bur.C. Rap. AN . 2d wk Feb.
9,089
4,302
461,460
78,486
546,907 N el. * F t . Sh'p'u! D ecem b er.
3d
wk
Feb.
310,00*
CanadlanPacitie
298,00* 2,278,000 2.432,798 N ev a d a C entral. D e ce m b er
4,499
*37,238
2.737
*30’ 156
4.C88
Car. M idland.. Decem ber.
59,448
4,744
51,199 N.Y.C. * (I. R ., J a n u a ry..; 3,139,942 3,477,966 3,139.943 3,477,966
.. 3d
eb.
63.514
53.456
Cent, o f Georgia Decem ber, j 555,727 574.247 5,220,731 5,140,922 N .\ .O u t .*« W---,3
63,514
424,285
417,460
53,456
d w kF eb
N.Y.Susq. A W . January.
168,657 171,610
Ocean S.S. Co. December.
180,475 178,495
180,475
178,495
Norfolk A Weet iM wk Feb. 188,042 199,596 1,204,877 1,280.332
T ota l.......... Decem ber. 724,384 745.857
Central o f N. J Decem ber.
59,680
13,117.350 13,568,024 Northes’n (G a.). jNovember.
7.648
5,473
47.956
Central Pacific N ovember l.C 69,448 1,133.790 11,508.341 12,008,766 North’n Central January.
52 -,8 8 6 511,209
525,886
511,209
Chari. Cl. A Sut. November.
3,585
49,780
4,045
48,893 North’ n Pacific.|2(1 wk Feb’. 268,511 280,635 1,466,141 1,727,173
48,433
Charlest’ nASav December.!
2,926
2.956
2,926
2,956
558,589
45.501
522.927 Oconee A West. January.
209,482 195,377 1.498,880 1,526,256 Ohio R iver*....... |3d wk Feb.
Ches. A Ohio__ 3d wk Feb
15,552
115,814
126 205
16,817
Chic. Bur. A O.d Decem ber. 12,955.052 2,921
34,176,450 33,658,270 Ohio R iv .A Chas IJ anuary.
15.259
15,259
18,583
18.583
76,996
Chic. A East. Ill 3d w kF eb.
16,401
13,499
80.0 7
584,858
78,027
579,641 Ohio S ou th ern .. 11st wkFeb.
59,328
Chic. Gt. W est’ll 2d wk Feb. 100,070
22,583
309.055
334,244
31.584
87,813
524,844 Ohio V alley.......,November.
513,30"
Chic.Mil. ASt.P. 3d w kFeb. 524.213 517,111 3,575,078 3.917.884 Oregon Im p. Co. December. 256.946 240,328 3,238,239 3,221,633
Chic. A N ’thw’n. January.. 2,096,136 2,447.369 2,096,136 2,447,369 O reg.R R .A N av. January... 297,253 372,938
297,253
372,938
Chio. A No. Pac. Decem ber.
813,795
388,880 378.651 3,968.504 4.366.632
65,395
769,355 Pacific Mail.......December.
66,606
Chic.Peo.ASt.L. January...
63.S61
63,801
75,051 Pennsylvania.:, January...' 4,755,6 7 l'4 ,993/771 4,755,671 4,993,771
75,051
Chlc.R’ k L A P . January... 1,020,80*3 1,182,884 1,020,800 1.182.884 PeorlaDeo.AEv. 3d wk Feb.l ’ 19.285 ' 17,695
120,964
122,761
Chic.St.P.M.AO. January... 537,923 612,786
40,907
47,481
549,044
546,227
537,923
612,786 Petersburg........ December.!
Chle. A W. Mich. 2d wk Feb.
27,886
4,161,177
4,037,139
Plnla.
A
E
r
ie
....
N
ovem
ber.
476,596
450,972
148,820
25,494
160,113
Choc. Ok. A Gulf December. 145.300 105,966
Phiia. A R ead... D ecem b er. 1,777.445:1 893,608
Coal A Ir.C o .. D ecem b er. 1.770,t 98 2,216,358
OlmGa. A Ports. January
4.058
4.602
4,602
Oln.Jack.AM ac. 3d w kFeb.
13,057
Tot. both Co’s. D ecem b er. 3,548.143 4,109,966
13,256
92,357
o
Cin.N.O. A T . P. January...
263.300 276,502
42,428
263.300
50,999
& N *E - J a n u a r y ...!
42 428
50.999
276,502
Cin. Ports. A V January...
17,652
17,652
21,553
21,553 P Itts.C .C .A 8t.E . J a u u a r y ... 1,039,151 1,236,770 1,039,151 1,230,770
C lev.C an.A S o.. 2d w kFeb.
11.874
3,821
3.821
3.425
63.460 P itts.L isb .A W ’n J a u u a ry .. !
3.425
64,237
9,608
Cl.Cln.Ch.ASt.L 2d wk Feb. 238.800 242,687 1.531,474 1,587,634 P itts. Kh. A L . E. 3d wk Jau.
30,084
7,666
12,892
22,048
Peo. A East’n January...
125,407 154,799
175,199
184,214
28,630
24.147
154.799 Pittsb. A Wes’n. 3d wk Feb.
125,407
CLLor. dt Wheel. 3d wk Feb.
Pitts. Cl. A Tol. 3d wk Feb.
96.824
20,984
14,971
13,430
86,983
21,700
156,219
144,399
Col. M idland___January...
Pitts. Pa. A F . 3d wk Feb.
18,674
128,708 151,630
5,2c 1
24.288
151,630
2,335
128,708
CoL H. V. A Tol. 1st wkFeb.
Total system.. 3d wk Feb.
299,712
45,988
48,802
286,470
43,153
39,918
224,085
245,787
Pitt. Young.A A. January...
CoLARedMount December
03.316
73,805
4,000
63,316
73.805
Ool. Sand’ v A u . January...
61,444
2 1 ,2 2 0
23.387
01,444
2 1 ,2 2 0
60,219
23.387
60,219 Quincy O.m K.O. January...
Colusa A Lake.. January...
728,442
1,250
695,094
52.634
1,250
900 Rioh.Fr’ krfb AP. December.
900
56,858
C rystal.............. December.
564
33H.075
340.991
24,672
28.032
10,732
9,816 Rich. A Petersb. December.
1,087
C um bTd Valley December.
43,442
80.181
8,310
59,958
836,182
863,701 Rio Gr. South’n. 3d wk Feb.
5,835
82,509
Denv. A R io Gr 3d wk Feb.
99,400 120,800
260,500
278,350
797,100
38,900
37,700
913,700 Rio Gr*de West. 3d wk Feb.
DesM . A K an.C 1th wk Jan
82,149
85,341
3,740
11,187
11.353
11,593
7,746 Sag.TuscolaAIi. Septem b’r.
2,386
Des. M. N. A W .. January...
20,805
23,653
29,048
20,865
23,653
35,213 St.L. Ch.A St.P. January...
29,043
35,213
D et.G .R ap.A W . 2d wk Feb.
5,901
4,189
20.647
5,901
4.190
121,157
109,877 St.E.Ken’et ASo. *J a ou a ry ...
16,306
Det.AMacklna< December.
23,959
400,812
363,220 St.L.A8an Fran. Decem ber. 495,470 502,012 0,099.408 6,005,943
26,877
DoluthS.S.AAtl. 2d wk Feb.
660,400
739,550
23,615
205,291 SCL. Southwest. 3d wk Feb.
88,800 105,600
112,939
34.649
ElglnJol.AEast. January...
90.035
90,625
76,029 106,966
90.635
96.625
76.029
106,966 S t l a u l A D ul.. January...
E rie ....................December. 2,535,611 2,564,435 31,099,509 30,679,830 San Ant. A A. P . D ecem ber. 218,273 177,759 2,117,290 1,971,828
Eureka Springs. December.
45,040
5,591
40.301
45.040
46 ,3 ol
61.264
02,889 San Fran. A N . P. January...
4,961
E vans.A fnd’plis 3d wk Feb.
4,667
34,311
41.360 Sav. Fla. A West. Decem ber. 298,988 291.563 3.417,477 3,372 832
4.812
Evans. A R ich .. 2d wk Feb.
1,217
29.530
9,249
11,724
27,261
8,882 Sher.Shrev.ASo. 4th wk Jan
0,375
1,133
Evansv. & T. H . 3d wk Feb.
18,066
134,360
162,944 Seab'rd A ir Line Septemb’ r. 334,876 256,736
21,632
Fitchburg.......... December. 594.971 646,561 7,338.607 7,429,954 Sil. Sprs. O. A G. Decem ber.
188,204
172.801
14,173
10,598
Flint. A P.Marq. 2d wk Feb.
3,554
77,140
52,260
53,108
12,471
337,230 S ilv e rto n .......... Decem ber.
300,800
52,470
Fla.Cent. A Pen. 2d wk Feb.
1,024
1,333
41,190
1,333
1,024
236,597 So.HavenAEast January...
204,323
37,895
Ft.W ’ thADen.C. 2d wk Feb.
17,352
115,460
111,567 So. Paoilic Co.—
17,352
Ft. W. A Rio Gr January..
Gal. liar. A 8. A November. 507,190 463,131 4,643.188 4,358,467
26,441
37,819
26,441
37,819
Gads. A A tt. U. J a n u a ry...
996,653.
Louis’ a. West. N ovem ber/
830.815
687
86,115 112,008
963
687
963
Georgia R R .......3d wk Feb
Morgan’sLAT. November.! 613,241 701.379 4,690,353 5,327,772
35.693
261,030
252,086
34,263
Georgia A A la.. 3d wk Feb ; 22,094
N.Y. T. A Mex. November.!
215,674
259,462
17,991
40,060
87,124
157,412
13,536
Ga. Car’la A No. November.
Tex. A N . Orl.. November.! 130,671
90.648 101,426>
140,142 1.237,384 1,490,386
Geo. So, A F la.. January...
Atl. P rop’tes.o November. /18 208 32 /'1840472 /T5223241 >16191825
79,652
79.652
86.146
86.146’
Gr. Rap. A I nd .. 2d w kFeb.
Pacific system November. 2,682,970 2.915,719 29,118,918 29,898,326
35.049!
198,674
227,439
37,314
CimK. A Ft.W. 2d wk Feb.
Total of ail.e November. 4,503,802 4,756,191 44,342,159 46,090,151
7,174
42,053
47,807
7,806!
Traverse City 2d w* Feb.
So.
Pao. of Cal. November.l 793,185 927,165 9,082,990 9,581,985
938
4,120
6,356
920
Mus. G. R. A I. 'd wk Feb.
1,847
So.Pac.ofAriz. N ovem ber.1 214,033 216,060 2,000,79- 2,073,491
11.951
15,323
2,965
Tot. all lines 2d wk Feb.
994.289
45,008
So.Pac.ofN.M
. November.! 106,841 103,874 1,041,863
290,925
256,798
49,005
Grand Trunk.. 2d wk Feb. 281,070, 278,075 1,899,201 1,915,864
Northern R y .. November., 190,717 191,384 2,031.007 1,840.191
Chic. A Gr. Tr. 2d wk Feb. i 56.7301
Southern
R
y
___
2,724,828
2,730.631
3d
wk
Feb.
353,579
380,797
390,294 305,61
55,826!
281,442
Det.Gr.H.<feM 2d wkFeb.
439,759
17,145,
108,862
101,419 8pok.F’ls A Nor. December.!
27,193
43,208
14,401
Cln.8ag.&Mac 2d wk Feb.
1,870,
11,591
14,723 Staten i.Rap.Tr. November.
70,516 1.C78.657 1,100.132
77,017
2,121 j
Tol.8. & Musk 2d wk Feb.
42,571
1,951
40,023
11,004
1.460
7,208 StonyCl. AC.Mt. Decem ber.
1,072:
1,481
Great North’n 80,695
75,914
Summit Branch. January...
30,695
75,914
St. P. M. & M January., j 788,422i 852,415
82.580
788,422
852,415
80,041
Lyk. Val. Coal. January...
82,580
f c O .O l l
East o f Minn. January.., '
169,275
155,95n
94,372: 105,469
94,872
Tot’l both Co’s J anuary...
105,409
155.955 109,275
MontanaCent. January...
32,341
148,121 154,597
154,597 Texas Central.. 2d wk Feb.
28,966
1 4 8 ,1 2 1 |
4,087
5,381
Tot. system January.. 1,031.415 1,112/481 1 ,0 3 1 ,4 1 5 1,112,481 Texas A Paoifio. 3d wk Feb. 122,134 125,728
968,040
974,703
G olf * Chicago 'January...
3,454
3.350
2,974
2.8H4
2,974 Tex. 3. V. A N. W. J an uary...
3,350.
3.454
2.894
235,031
G ifB 'm n tdtK .C. January...
229,190
8.143'
0,403
8,143'
6,463 Tol.A O hioC ent.'3d wk Feb.
34,895
28,260
R A IL R O A D

E A R N IN G S .

The following table shows the gross earnings of every Io w a C e n tr a l... 3d wk Feb.
s t e a m railroad from which regular weekly or monthly returns Iro n H a llw a y . . . J a n u a r y ...
T. & K . W. D ecem b er.
can be obtained. The first two columns of figures give the JJack.
a m e st’n & L .E . O c to b e r ..
gross earnings for the latest week or month, and the last two K anaw ha& M icb 3d w k Feb,
columns the earnings for the period from January 1 to and K.C.F. S c o tt dkM. 2d w k Feb.
K.C.Mem. & B ir. 2d wk Feb.
including such latest week or month.
Kan. O. N. w — J a n u a r y ...
The retu rn s o f the street ra ilw a ys a re brou gh t togeth er sep -1 K an .C .& B eat. D ecem b er
7

THE

416
i n ’.i-st Drat* £ a r n in g i
We*'Mor Mi
V oL P. * w « t . s a * k Fob.
T©t
E. 0 M w k Fob-

Jan, 1 to L a ttst Dale,

1 8 9 5 -9 6 .

1886-97. IS6ft-96» ■
: 1896-97.
♦
2 1 ,6 2 3
4*2,934

ijtewwr.(k

C H R O N IC L E

t
19,004
33 *276
........

w

113,587
3 0 2 ,7 7 7
3 1 3 .0 0 2

9
I2*E975
2 5 5 ,7 9 7
3 1 9 .1 5 3

1 ,1 7 5 ,5 -3 1,142,431 14.392,291 1 4 ,336,291
V o . Fac. 3ftU
* 7 1 .077 5 ,5 7 8 .8 7 3 5 ,3 9 4 ,1 9 7
473.591
Or, BnU-A II. H. Dto**tnb>pT
11.447
7 0 ,775
131.141
m . jo * . £ 0 4 .1 * . 2 d w k F ob,
2(1,837
9 5 ,0 0 0
2 2 ,0 0 0
13,000
1 4 5 ,000
3<i w k w o h .
P- ?
AftgsJbCt* W l

33,8*23
2 7 6 ,7 0 3
2 7 .7 0 3
3 3 5 ,0 8 7
6 2 1 ,473
83,8377 8 1 ,009
7 3 ,5 5 8
1 ,9 7 7 .0 2 7 1 ,801,795. 2 2 ,9 3 9 ,6 7 0 2 2 ,2 7 3 ,5 4 8
or* *
:
201,162. 3 ,1 0 1 ,7 1 6 3 ,0 9 1 ,4 8 6
It. Pwv D. A Q . Oowaxb^T ■ 272,591
228*259; 1 ,4 73,345 1 ,6 2 0 .072
W f b m h . . . . .- 3 4 wit PeH. 2 1 4 ,2 7 3
4 1 ,8 9 0
2 8 7 ,798
2 7 8 ,234
35,081
W»c«* A N orth*
1
8
2
,818
1 4 5 ,5 0 9 2 ,5 5 4 ,“ 20 i 2*595,847
w Jer*cjA !*r*'r D«e«tiJb8r.;
97,4 0 2
97.482
84,710'
84 ,7 1 0
PUU J a m ta r f. -.
3 1 ,0 6 7
3 1 .1 8 8
3 4 9 ,9 4 5
7,893
w « * » y » .A p u m
6 0 .9 7 6
.*93,12?
5 5 6 ,0 6 8
6 3 ,5 7 6
w m W r o o f Aim.. :!>©r«iialUer i
3 9 ,7 0 0
5 1, *200
3 1 5 ,5 0 0
2 8 7 ,0 7 8
w « t , * . y a p * lM w k Fob,
1 7 ,3 4 5
1 5 3 ,774
126,89W h m l. A U. Brit 34 w k F a b .!
8
3
,9
8
6
4
8 6 ,1 7 5
34
wk
Fob.!
6
9
,5
8
0
4
9
8
,0
7
0
Wl*00t»*i0 C ent
9.0 8 9
8,200
9,089
W ficht*v.rt T m J unwary-. - 8 ,1 0 0
5,7 3 1
0 ,1 3 0
Y ork 8©ttt!**ra. N o v em b er ;
• Figaro* st*oo i •nut include Oregon Ry. A Nav.,Uu. Pao. Denver*
S i t n.r.vpt LcwlvtU* * Ganulsen. Mon tuna Union and Leavenworth

Terris*.i South»i>*iern. uTheseBy-ureaIncluderesultson easedllnee.

a Ico ;d.'» earuln-:» from Jerries, etc., not Riven separately. } Mexie», earmssv. e Include* only half of lines In which Union Paetflo has

iV o t. I iXIV,

2d w eek o f F eb ru a ry.

1897.

Gr. Trunk of Can. fO o n .J
Cin. Sag. <fc Muck. . . . . .
T qI. Sag A Musk...........
Indiaim Decatur West,
Kail. €ity Ft. S. & Mein.
Kan. City Mem. A Birin.
Kansas City &, Omaba. .J
Memonis A Charleston..
Mobile & Birmlni2Ttam. . . |
Northern Paoitlo............
St, Joseph <feGd. Island..
Texas Central...................
fotedo °eorJa & West’o ..
•Vest. N. Y. dt Fennsylv

i

Total 78 roads
Net inoreas** f4'04 o. o.K.
N e t. E a r n i n g s

1896.

1,879
1,951
10,017
H0.441
24,0 ^2
6,22 h
22,1^7
4.965
268.511
26,897
5.381
21,025
51,200
3,177,189

H o n t i l l </ t o

?
2,121
1,072
7,558
76,644
25,031
1,683
*25.841
-5,649
2»0,635
11,447 1
4,68? j
19,00 4i
39*70 >
5,937.271

In crea se.

D ecrea se.

$

$
212

‘ "'8*79
2,a59
3,797
4.540

379
3,654
684
12,124

15,450
691
2.621
11,500
384,123
239,915

144,208
........

L a te s t D a te s .— T h e f o llo w in g

s h o w s Che g r o s s a n d n e t e a r n i n g s t o l a t e s t d a t e s o f a l l S t e a m
r a ilr o a d s f u r n i s h i n g m o n t h l y s t a t e m e n t s .

T h e c o m p ila tio n

in c lu d e F e v e r y r o a d f r o m w h i c h w e c a n g e t r e t u r n s o f t h i s
c h a ra ctei

a n d in th a t fo r m is g iv e n o n c e a m o n th .

E a r ly r e ­

t u r n s a r t p u b lis h e d f r o m w e e k t o w e e k , a s s o o n a s i s s u e d , b u t
fo r th e c o n v e n ie n c e o f o u r r e a d e r s a ll t h e r o a d s m a k in g

re­

tu r n s a i e b r o u g h t to g e th e r h e r e in t h e w e e k in w h ic h w e p u b -

• r,*lf m ie r * a t

lis h o u i m o n th ly a r tic le o n n e t e a r n in g s — s a y o n o r a b o u t th e

year*.

2 0 th o l t h e m o n t h .

c lnrlu l« u p a r » » o n « o f the Ohio. Burlington * Northern In both

; cover* result* for 1!n- directly operated east of Pittsburg,
e inelml-** results on admitted lines.
f Cover* beside* the Atl totlo System the Houston A Texas C entral
Ansttn A Northwestern, Central Texas a Northwestern and Ft. Worth
A New Orleans.

t Include* st. Louis Alton & Terre Haute for all periods.
L atest H r o a s E a r n i n g s b y W e e k s , — T h e l a t e s t w e e k l y e a r n -

i i gs m

th e

fo r e g o in g

a r e s e p a r a te ly

su m m ed

up

aa fo l­

lo w * :
F o r t h e th ir d w e e k o f F e b r u a r y o u r p r e lim in a r y s t a t e m e n t
e jv e r s id r e a d s , a n d s h o w s 1 '8 5 p e r c e n t in c r e a s e in t h e a g
g r s g a t e over th e s a m e w e e k la s t y e a r ,
30 w eek o f F eb ru a ry ,
A labam a GL S o u th e r n ..
Ann Arbor.............. ........
6*11. A O hio S o u th went.
Canadian Paulite............
Chesapeake A O h io ...,.,
Chicago A East, Illinois
CMeaeo Ml'.w. A 8t, Paul,
the. Jackson A Mackinaw
Olnv, Ijonuu A Wheel's..
Denver A Rio Grande...
Brassy. & Indianapolis
Evausv. A Terre Haute.
Georgia..............................
Georgia A Alabama........
Intern'I A OL Nortb'n . . .
Iowa Centra!...................
Kanawha A Michigan...
Kan. City PSttab. A Gulf
Kan. City Suburb. Bait .
tasks Brie A Western . . .
Igcjiilav. Eraasv, A St. L
i,
v i:., .* > ii« b r tllA ..
Mexican Ccutral— ____
Mexican N a tio n a l,..,....
Minneapolis A St. l>iule.

Mo. Kmomm &. ToXik*.....

M*.f, Pacific & Iron H i . . . .
Oeair&l B r a n c h ., .
MS* Y . CMsfurlo dc Wcdtwrii
OHIO M tr o r .. . . . . . . .........„

Bm. A

v;. . .

A Wa&t&rn.*,**.
Rio- 0r» ode B o u i i m t u .. . .
B.1.0 ©rand® Western...,,
Railway
m ft
Quit

tit
W-mbm

Wfetwtl

Central,,,
a. City...

i tMUm E rie.

T ot*l 143
Hwt 1ocr*vw** <4*85 j». o.i

1897.

1896.

*
31,147
21.964
117,246
53,455
310,000
209,4*2
7d,99t>
524,213
13.057
2**,98 4
99.400
4,667
18,066
35,693
22,094
69,144
38,816
8.523
25.8os
6.538
69,75i
25,661*
390,705
245,309
112.773
82,564
224,093
417,00U
22,000
63.514
1.5,552
19,285
40.802
5.835
38,000
88,800
391,291
122,134
28,260
42,936
2 14,z 73
17,345
83,886

$
25,387
18,593
108,075
54,565
298,000
195,377
70,027
517,111
13,256!
21,700
120.800
4,81.2
21,632
34,203
13,536
62,332
45,890
8.446
11,443
4,5 i l
66,954
24,532
385,330
184,116
74,710
32.695
226.441
407,000:
13,00a
53,4 56!
10,817
17,695;
39.918:
8,310
37,700
105.0)0
365,614
125,728
34,895
33.276
228,259
15,893
09,586

4,430,39! 4,225,320
.-------------

Increase.
»
8,060
3,371
9,171
i 2,000
14,105
7,102
...
,
1,130
8.559
6,8121
77
14,425
1,977
1,798
1,137
11,375
61,253
38,063;
10,000
9.000
10,0581
...........
1,590
8,8941,200!
24,681

1,110
1,031
199
716
21,400
145
3,566
........
9,074

131
2,343

1.265
2,475
1 6 ,800
“ 3*594

9,680;
1,402:
14,300
299,549
205,071

6,635

13,986

84,475

For ti>*- ’ > i;d week of February our Host statement covers
increase in the aggregate

1't r<»» »*«- and “bows 4-04 percent
over the same week lait year.
2 d m#$k <*/ F&irwtry,.

1897.

1896.

*
*
(5 0 "*0 $% 4,070,223 1,474,806:
AMwabio A O iatillc..**'*
0*6801
9,078
Ru.?L QMt» ‘Bmp. A HtHth.
90.608
78,436'
CJ»U*go Clrisfei Wmitf’tti.,
100,070
87.813:
CM<?~ A
M ich ig a n . .
27,886
23,494
©teal®® A
11.874
9,008
CM©* A # t 3L.«
238,800
242,687
0 « tw H C 5 t Bmp. *k
20,017
16..06
O aiatb B. &.& A tla n tic ...
23,645
34,649
•fiai# r, #. Miekmowl...»
1,217
1,133
fltftBt * Per*? Mmmimiim..
83,108
52,470
©$©$. A
.,
41,190
37,895;
PlaWortH m jfciitr or C ity,
17,352
17,352}
Qrmmi Tmitk of CmtMtim. 281,079 278,075fMimm A Clra TrmiX.
56,730
55,826;
Bmu Or, B .m , A M iiw ..
17.145
14.464

fn-i-em.. | Decrease.
i
307,591!
602 !
2,12212,257
2,392
2*260
4,311
841
638
3,295
3,004
904
2,681)

1 *2,234

3,887
i r .0 0 4

B e s id e s t h e r o a d s

fu r n is h in g m o n th ly

r e t u r n s , w e h a v e a d d e d t h is t i m e t h e r o a d s w h i c h m a k e q u a r ­
te r ly r e tu r n s,

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 420.
— Oro -i E a r n i n g s ----, .----- N et K a rm n u s,——,

Roads.

Adirondack............. Deo,
Jan, 1 to Doe. 31......
Alabama Gt Soutba.. Jan.
July 1 lo Jail. 31.......
Alabama Midland ...Deo,
Jan. 1 to Deo. 31......
July 1 to Dec. 31.......
Allegheny Valley.... Jan.
Annap. Wash.
Oct 1 to Dec. 31 ___
Jan. 1 to Deo. 31......
Arkansas Midland.,.Deo.
Jan. 1 to Deo, 31......
Atoll. Top &S.Fe,b..Deo.

18S6-7
*
17,730
196,547

1898-6.
16

20,768
201,229

135,174
124,697
991.219 1,077,760
57,247
51,249
557,767
640,353
336,219
320,047
177,397
188,716
11,772
57,580
12,403
96,476

13.371
56,445
14,121

111,971
2,766,028
29,862,138
July 1 to Deo. 31. ...
16,109,362
Atlanta A W, Point..Deo.
52,214
59,035
.1an. 1 to Deo. 31......
507.527
July 1 to Deo. 31......
293,097
45,637
Atlantic A Danville. Dec.
49.137
.fan. i to Dec. 31.___
5*9,483
July 1 to Dao 3 1 .....
296,218
Atlantic & Pacific.... Dec,
314,497
317,659
Jan. l to Deo. 31...... 3,530,561 3,589,116
July 1 to Dec. 31.......
1.776,577
7,795
Augusta Southern....Dec,
7,713
Jan. 1 to Deo. 31.......
80,737
60,326
A ustin* Northw __ Nov.
28,265
20.306
Baltimore A om o.b.D eo. 2,177,804 2,061,040
Jan. 1 to Deo. 31....... 24,725,113 23,470,503
July 1 to Deo. 31____13,513,349 12,733,010
Balt.A Ohio Southw.. Deo.
546,291
545,708
Jan. 1 to Deo. 31..... 6,147,633
................ 6,448,065
July 1 to Deo, 31___ 3,140.039 3,450,796
Bangor & Aroostook. Deo.
45,423
60,890
J a n . 1 to Dee, 31 ......
719,718
722,583
Bath A Hammonds..Dao,
3,101
3,373
Jan. I to Deo. 31......
38,«70
35.653
Bennlugtou & Rutland—
Oot. 1 to Deo. 31.......
55.528
61,085
Jan. 1 to Deo. 31......
231,720
229,113
2,212
Blrm. A Atlantia. b .Doo.
2,144
Jan. 1 to Dec. 3L.......
23,761
23,109
July 1 to Dao, 31.......
15,010
13,358
Boston A Albany,!*—
Oot.. I to Deo. 31....... 2,324,796
Jan. 1 to Deo. 31....... 9,112,210
Boston A Maine.b Oot. 1 to Deo. 31....... 4,900,993
Jan. 1 to Dec. 31. ... 19,716,374
Boat. Bev, B. A Lynn—
Oot. 1 to Dee. 3 1 ....
51,800
Jan. 1 to Deo 31___
245,515
Bridgton A Saco Rlv.—
Oot. 1 to Duo, 31.......
6,032
Jan, 1 to Deo. 31, . . .
28,092
Brunswick A West ..Deo.
48,008
Jan. 1 to Deo. 31.......
601,125
July 1 u> Deo. 31.......
301,109
Bull. Booh,* Pitts, b.. Deo.
255,385
Jan. 1 to Deo, 31....... 3,337,788

1896-7.
*
5,532
61.494
40,338
378,197

1898-6.
*
10,676
74,004
36,107
412.693

8.536
99,306
61,851
61,317

5,345
45,0*7
54,277
54,181

386
14,669
5,877
10,022
‘ 850.713
8,420.444
'1,986,598
25,314
211,147
122,107
9,363
127,858
07,771
65,701
75 1,293
3 75.695
2,974
31,051
13,483
Ii55 1,385
5,64l,v87
3,384,81*2
183,395
1,904,227
989.610
23,000
279,944
1,133
18.275

2,893
14,843
def.4,052
37,884
•311,808
5,844,654
-3,545,515
26,393
206.987
124,714
8.152
134,166
76.761
55,115
358,646
165,519
.-<,832
18.165
6.937
617,494
7,095,091
4,101,835
171,718
2,278,474
1,255,444
16,764
239,200
1,887
19,068

8,94-1
44,191
683
2,725
4,342

18,851
66,300
37
dof.44
2,130

2,443,738 1,075,071
915,953
9,261,983 2,984,259 3,220,466
5,183,938 1,444,010 1,394,606
19,155,843 5,696,066 5,547,219
54,191
271,728
6,664
31.839
49,202

532,009

288,478
264,600
3,053,142
1,637,035
35,918
293,256
444,185
4,504,333

7,737
53,114

12,792
92,904

2,204
1,667
7,725
7,934
15,577
12,880
207.574
108,009
112,058
70,933
82,356
90,528
1,039,403
831),630
609,277
498.932
13,921
13 340
184,628
140,122
64,125
155,870
1,083,304 1,454,37 4

July 1 to Deo. 31,.
1,795,035
Buffalo A ausnueh.a, Jan.
37,003
346.852
July 1 to Jan. 3 1 .....
Burl.Oed, R. A N o.a .Doo.
382,439
Jan. 1 to Doe. 31...... 4,450,034
Canada Atlantlo—
July 1 to Deo. 31.......
341,620
313,147 f i l l , 921
117,416
Jan. 1 to Dec. 31......
640,133
192,779
882,818
192,965
924,432
Canadian Paolllo. u.Deo 1,925,871 1,924,610
874,465
Jan. 1 to Dee. 31...... 20,681,598 18,941,037 8,107,582 7,430,951
Carolina Midland....Deo;
4,088
4,744
1,075
1,370
Jan. 1 to Dec. 31.......
59.448
51,189
23,483
15,389
19,325
15,852
.July 1 to Deo, 31.......
37,094
35.307

F ebrciary 27, 1897.]

R oads.

THE CHRONICLE

1896-7.
1895-6.
1896-7.
$
$
$
5 7 4 .2 4 7
2 6 5 ,5 5 1
5 5 5 ,7 2 7
5 ,2 2 0 ,7 3 1 5 ,1 4 0 .9 2 2 1 ,7 3 0 ,5 0 9
2 .9 0 0 .1 5 8 2 ,9 5 0 ,3 J9 1 ,1 2 6 ,4 8 9
1 7 1 ,6 1 0
1 6 8 .6 5 7
3 2 ,6 1 7
9 3 8 ,5 4 0 1 ,1 1 3 ,2 7 1
1 4 0 ,7 6 8
7 2 4 .3 8 4
7 4 5 ,8 ^7
2 9 8 ,1 6 8
3 ,8 3 8 .6 1 7 4 ,0 6 3 ,5 8 0 1 ,2 3 7 ,2 5 7

1895-6.
$
2 7 2 ,8 5 9
1 ,3 7 8 ,6 2 2

417
- Gross E a rn in g s. ---- ■

Roads.

1 8 9 6 -7 .

1895-8.

— Wet E a rm n q s. -----189 6 -7 .
189 5 -6 .
$
$

Dunk. Allegh. V. A P.—
Cent, o f Georgia, a..Dec,
Jan. 1 to Dec. 3L.......
Oct. 1 to Dec. 31,...
5 1 ,6 6 5
5 3 ,3 0 9
6 ,2 9 3
1,827
1,131,184
July 1 to Deo. 31.......
Jan. 1 to Dec 31—
2 0 9 ,1 1 5
2 2 6 ,6 4 9
d ef. 7 3 6
14,248
Ocean St’mship Co.Dec..
4 6 ,5 2 3 Elgin Joliet A E.a,..Dec.
8 3 ,6 2 3
115,122
2 7 ,9 9 4
40,323
July 1 to Dec. 31.......
2 8 3 ,0 0 9
Jan. 1 to Deo. 31...... 1 ,2 7 8 ,8 7 6 1,172,652
4 4 1 ,3 1 2
406,750
3 1 9 ,3 8 2
Total..................Dec.
July 1 to Dec. 31......
6 1 9 .8 9 7
6 3 3 ,4 4 0
2 1 4 .5 2 7
219.329
July l to Dec. 31....
1.414,494
Erie ........................Dec. 2,535,611 2,564.435
5 0 5 ,1 7 8
579,172
Central of New Jersey—
Jan. 1 to Deo. 31. ...31,099,569 30,679,830 8 ,3 1 9 ,5 1 9 7,668,870
Jan. 1 to Deo. 3L___ 1 3 ,1 1 7 ,3 5 0 1 3 ,5 6 3 ,0 2 1 4 ,7 9 3 ,7 8 2 5 .2 7 2 ,9 6 9
July 1 to Deo. 31......16,600,922 16,914,484 4 ,7 8 5 ,8 0 9 4,52 7,687
Central Pacific.b..... Nov.. 1 ,0 6 9 ,4 4 8 1 ,1 3 3 ,7 9 0
4 1 6 ,5 5 2
* Eureka Springs.......Dec
5,591
4,961
1,797
1,870
.1 1 ,5 0 8 ,3 4 1 1 2 ,0 0 8 ,7 6 6 4 ,4 1 9 ,8 3 9
^
Jan. 1 to Dec. 31....
61,264
62,889
30,227
31,811
3,5 8 5
4 ,0 4 5
1 ,4 2 2
0 E vansville A Richmond4 9 ,7 8 0
4 3 ,8 9 6
2 3 ,6 2 3
9
Jan. 1 to Dec. 31......
Jan. 1 to Nov. 30..
117,660
111,878
9,237
25,696
i Fall Brook b —
4 8 .4 3 3
4 5 ,5 0 1
1 4 .9 1 2
Char. A Savannah.. .Deo.
Oct. 1 to Deo. 31......
196,082
21.1,007
98,136
129,574
5 5 6 ,5 8 9
522327
1 3 4 ,1 2 4
Jan. 1 to Deo. 31......
5
Jan. 1 to Dec. 31......
669,076
700.397
272,94L
325,359
2 1 9 ,5 7 1
2 3 2 ,6 3 6
4 1 ,3 2 5
^ F itchburg.b—
. 1 ,0 1 8 ,3 1 9
3 6 5 ,3 4 3
3 0 4 ,6 7 9< ,
9 2 9 .6 1 7
Oot.
1
to
Dec.
31......
1,92},256
2,074,268
669,741
630.334
Jan. 1 to Deo. 31.... 1 0 ,3 7 5 ,1 9 3 9 ,7 9 s .324 3 ,4 0 2 ,6 2 7 3 ,1 5 6 .5 5 0* |
Jan. 1 to Deo. 31. ... 7,338.607 7,429,954 2,166,547 2,188,817
July 1 to Dec. 31.... , 5 ,3 5 8 ,5 2 9 5 ,2 0 4 ,4 6 6 1 ,8 7 0 ,6 7 0 1,726,017
FLint A Pere Marq.a.Nov
50,917
188.225
203,554
49,782
Chicago A Alton—
2
Jan. 1 to Nov. 30...... 2,362,952 2,296,513
603,863
591,602
Jan. 1 to Dec. 31.... 6 ,8 4 0 ,2 8 3 6 ,8 0 2 ,4 3 5 2 ,8 0 1 ,7 3 7
Ft. W. A Deav. City.Dec.
100,095
33,453
101,761
2 ,9 5 5 ,0 5 2 2 ,9 2 1 ,8 0 0 1 ,3 5 0 ,8 4 5
26.65 3
Jan. 1 to Dec. 3L. ... 1.010,878 1,096.702
241,001
252,756
Jan. 1 to Dec. 31......34,176.456 33,658,270 13,040,656 12,663,765
Ft.
Worth
A
Rio
Gr..Nov.
34,971
52,821
13,249
29.256
3 8 9 ,0 0 6
3 6 5 .4 5 7
Ckioago A East. 111.. .Dec.
1 8 8 ,9 7 8
Jan. 1 to Nov. 30. ...
297,479
361.489
99,195
130,348
9 0 9 ,5 9 4
July 1 to Dec. 31........ 2 ,0 0 7 ,7 1 6 2 ,1 3 7 ,6 0 3
Oadsden
A
Att.
Un..
Jan
697
933
2L0
486
Chicago Gt. Western—
Georgia a ................Deo.
149,757
157,759
35,797
51,939
5 6 7 ,5 0 1
July 1 to Dec. 3 1 ___ 2 ,3 9 3 ,9 4 7 2 .4 1 7 ,2 7 8
Jan. 1 to Deo. 31...... 1,558,788 1,357,760 gl51.447 g333,200
Jan. 1 to Dec. 31....... 4 ,6 8 6 ,4 8 9 4 ,0 7 0 ,4 6 4 1 ,1 9 4,295
July 1 to Dec. 31......
863,499
784,504 g293,857 g273,530
Ohio. M. A 8t. P .a . .Dec. 2 ,5 7 0 ,8 7 7 2 .7 6 4 ,6 5 3 1 ,2 4 1 ,0 0 8
Georgia A Alab a.a£. Jan.
52,562
96,498
27.577
21,641
Jan. 1 to Dec. 3 1 ... 3 1 ,3 5 2 ,3 8 3 3 0 ,6 0 8 .0 0 0 .1 ,6 8 7 .2 9 9 1
July 1 to Jan. 31......
621,691
332,380
207,384
July 1 to Dec. 3 1 ........ 1 6 ,7 3 8 ,2 8 2 1 8 ,0 6 7 ,7 2 1 6 ,7 8 4 ,8 7 6
95,130
Ga. South. A Fla. bd. Jan.
79,652
86,146
33.060
5 1 ,9 6 5
C h ic a g o * No. Pac...Dec.
43,770
6 5 ,3 9 5
6 6 ,6 0 8
July
1
to
Jan.
31......
536,267
530.020
189,379
Jan. 1 to Dec. 3 1 ........
5 6 3 ,9 7 9
8 1 3 ,7 9 5
7 >9,355
226,441
Gd. Rapids A lad. ..Deo.
183,703
214,700
42,380
Chic. & North Western—
24,546
Jan 1 to Deo. 31. ... 2.4 >4,728 2,692.933
443.075
Jan. 1 to Dec. 3 1 ... .. :3 2 ,1 7 7 ,1 5 3 3 1 ,5 5 8 ,6 2 9 1 0 ,9 5 0 ,2 2 8 1 1 ,8 0 4 ,8 2 7
536,068
Gr.Trunk of Canada.Nov. 1,612,509 1.621,760
438,252
446,014
Chic. Peo. & St. Louis—
Jan. 1 to Nov. 30. ... 10,925,523 16,322,139 5,123,400 4,892,418
July 1 to Dec. 3 1 ___
..............
8 9 7 ,9 4 1
272,756
Chic. A Gr. Trunk..Nov. 249,515
233,908
9,145 def.14,941
1 2 4 ,0 2 2
1 2 6 ,2 2 7
Ohio. & West M ich...Dec.
25,119
Jan. 1 to Nov. 39...... 2,859,436 2,529,746
251,503
Jan. 1 to Dec. 3 1 ........ 1 .6 1 2 ,6 1 7 1 ,7 2 4 ,0 4 7
321,141
85,628
Det. Gr. H. A Mil...Nov.
76,352
81.263
4.330
Choctaw Okla. * G Dec.
1 4 5 ,3 0 0
j 1 0 5 .9 6 6
2,497
5 4 ,0 2 8
Jan.
1
to
Nov.
30......
875,213
926,757
99,167
Nov. 1 to Dec. 3 1 ........
2 1 6 ,9 2 4
108,093
92,473
2 5 1 .2 2 7
G
a
lf
A
Chioago.b
...Dec.
5,128
4,932
2,465
8,546
6 3 ,0 6 7
6 0 ,9 8 5
2,107
Cin. Jack. * M ack.b..Dec.
11,2
Jan. 1 to Deo. 31......
47,860
46,851
11,929
6 3 7 ,3 9 1
7 0 7 ,0 8 7
Jan. 1 to Dec. 3 1 ........
101,483
8 .8 8 6
HoosacTun.A Wiltn..Dec.
3,352
5.026
3 4 7 ,9 1 5
3 0 4 .0 8 2
1,608
1.161
Cin.N.Orl.A Tex.P.a.Deo.
109.013
Jan. 1 to Dec. 31.....
50.824
54,315
16,007
Jan. I to Dec. 31........ 3,371,650 3 ,7 1 7 .9 0 1
21,311
902.706
July 1 to Deo. 3 1 ........ 1 ,7 2 1 .2 6 9 2 ,0 3 5 ,4 8 2
497,831
Konst. A Tex. Cent...Nov. 346,713
324,472
154,657
146,134
Jan. 1 to Nov. 30...... 2,916,320 3,174,036
849,522 1,113,924
2 1 ,3 1 1
2 2 ,4 5 4
2.532
C ln. Ports. & V ir .b .. Dec.
681
2 7 2 ,3 8 3
2 7 8 .S 2 9
Jan. 1 to Dec. 3 1........
35.403
Illinois Central a k.Deo. :2,104,036 ,2,206,151 1776.953 {884.088
1 5 8 ,3 2 2
1 4 1 ,5 4 0
July 1 to Deo. 3 1 ........
21,801
Jau. 1 to Dec. 31__ .J i 1323014!- 1.8 14, U 7 ’6,253,96 > 7,546,767
Clarendon & Pitts.—
July 1 to Deo 31. ...11,451,933 11,623,795 3,419,647 4,206,246
5 ,2 1 3
1,530
7 .4 1 8
|O0fc. 1 to Dec. 31........
Ind. Deo'. A VVest.l>. Oct.
41.211
40.747
10,510
14,685
2 4 ,3 0 9
Jan. 1 to Dec. 3 1 .......
29 ,5 8 1
3.361
Jan. 1 to Oot 31__
383,333
383.067
1 J0.471
128.166
3.001
4 4 ,8 9 3
Cleve. Canton * So..Jan.
4 1 ,7 1 8
July 1 to Oot. 31......
167,172
158,226
50,796
56.039
73,864
4 1 8 ,3 7 1
4 2 4 ,2 7 8
July 1 to Jan. 3 l ........
99,331 ludiana III. A Iowa..Dec.
6 } ,OH
66,901
19,402
20,969
Jan. 1 to Dec. 31___
747.181
Clev.Cin. C.A St. L .a . Jan. 1,056.721 1 ,1 0 2 ,2 6 0
7 >9,97 4
189,009
277,623
212,105
230.158
July 1 to Deo. 31......
July 1 to Jan. 3 1 ........ 7 ,7 4 6 ,1 4 4 8 ,4 8 4,755 1 ,9 5 5 ,7 6 1 2,199,417
345,218
384,170
70,79 i
116.000
131,344
1 5 4 ,7 9 9
160,260
43.4L6
Peoria A East’n a.. Jan.
125,407
62,377
41,980 Iowa Central.b ......Deo.
28,628
Jan. 1 to Deo. 31...... 1,718,114 1,679,702
570,729
611,987
July 1 to Jan. 3 1 ........
958 .7 8 4 1 ,1 8 6 ,9 5 7
208,504
302.903
July 1 to Deo. 31__ _ 814,681
947,202
251.383
371.837
1 5 7 ,5 3 4
Clev. Lor. & W heel...N ov.
86,053
23,321
50.247
Railway b ....... Deo.
4,405
1,166
4.268
178
Jan. 1 to Nov. 3 0 ........ 1 ,201.229 1 ,3 5 5 .2 7 6
315,243
409,333 IronJan.
1 to Deo. 31......
49,443
44.148
6,692
5,175
7 7 7 ,0 6 3
July 1 to Nov. 3 0 ........
510 ,6 4 3
150,376
248,107
July 1 to Dec. 31. ...
19,824
24,145
3,695
840
1 4 3 ,7 3 8
43,521 Jack. Tam. A K. ■V-.Deo.
Colorado M idland.. .Deo.
111,173
32,431
26.407
28,637
158
do (.16
Jan. 1 to Deo. 3 1 ........ 1,8 2 4 ,0 3 7 1 ,7 4 4 ,7 8 2
556,442
414,208
Jan. 1 to Dec. 31. ...
309,389
387,469
6,184
29.791
Apr. 1 to Deo 31. ...
218,755
Columb. A Red M t...D e c ,
4 ,099
227.348
5.178 def. 6,673
2,009
3,141
494
OoLHook.Val.A T ,b .8ep t.
227,345
287,024
160,725 Jamost’n A L. Erie. ..Oot.
117,458
Jan. 1 to 8ept. 3 0 . . . . 1,862,791 1,840,298
741.362 Kanawha A Mich. b .Deo.
758,722
41,161
18,637
49.869
11,037
Jau.
1
to
Dec.
31......
Columb. Newb. & Laur.—
467.930
455,390
118.733
110,341
Oct. 1 to Deo. 3 1 ........
July 1 to Dec. 31......
64.020
237,945
242,949
5,699
64,049
7.870
41,220
61,445
Jan. 1 to Deo. 3 1 ........
187,653
12,373 Kan. C. Ft. 8. A M.a. Dec. 387.360
31,083
127,387
382,490
118,639
116,728
Jan. 1 to Dec. 31...... 4.481,739 4,530,238 1,42:4,842 1,404,348
Col. San. * Hocking..Dec.
62,327
13,551
14,355
65,243
July 1 to Deo. 3 l. ... 2,345,157 2,402,097
Jan. 1 to Deo. 3 1 ........
807,014
763,050
161,219
873.604
758,941
July 1 to Deo. 3 1 ........
436,941
15 4!2*49 Kan. C. Mein. A B.a.Dec. 125,156
535,344
110,059
132,911
40,367
39,657
Jan. 1 to Dec. 31...... 1,195,347 1,130.031
C rystal..........................Dec.
564
186,024
1,0*7
287,605
201
def.33
July 1 to Deo. 31. ...
Jan. 1 to Dec. 3 1 ........
10,782
657,053
651,354
203,675
139,829
2,838
696
9,816
Kan. City A Northwestern
Cumberland V alley..D ec.
80,131
82,509
Oot. 1 to Dec. 3L......
J in. 1 to Dec. 3 1 . . . . .
100,701
79,537
23,399
211
836,182
863.701
226,365
232,665
Jan. 1 to Deo. 31......
297,142
252,574
23,148
903
Delaware * Hudson—
Kansas City A BeatrlceRenns. & Saratoga—
Oct. 1 to Deo. 31......
1,644
Oct. 1 to Deo. 3 1 ........
1,160 def.6,125 def.4.317
560,600
256,246
581,400
246,429
Jan. 1 to Deo. 31......
Jan. 1 to Dec. 31........ 2,303,387 2,326.842
5,015
4,953 def.21,723 def.21,258
822,727
827,533
Keokuk A West’n. b..Dec.
35,074
C N . Y. & Canada32,908
12,068
16,023
Jan. 1 to Dec. 31. ...
393,143
380,628
137,430
Oct. 1 to Dec. 3 1 ........
139,264
229,088
115,713
229,067
107,397
Jan. 1 to Dec. 3 1 ........
920.941
307,750 L. Erie All. A So.a...Dec.
911,923
328,265
5,240
7,265
def. 22
1,426
Jan. 1 to Dec. 31__ _
Albany * 8usq.—
60,895
81,505
5,073
8,512
Oct. 1 to Dec. 3 1 ........ 1.131,550 1,199,609
677,186 Lake Erie A West.b.. Dec. 287.026
639,991
310,7 20
135,087
149,355
Jan. I to Dec. 3 1 ........ 4,169,452 4,069,073 1,834,647 1.795,373
Jan. 1 to Deo. 31...... 3,344,274 3,519,104 1,427,016 1,602,938
Del. Lack. * Western—
Lehigh A Hudsoa.—
N. Y . Lack. * W est.—
Oct. 1 to ieo. 31......
88.165
99,090
40,345
41,786
Oct. I to Dec. 31........ 2,351,111 2,907,672 1,289,831 1,761,667
Jan. 1 to Dec. 31......
392,901
352,596
155,685
163,894
Jan. 1 to Deo. 31........ 8,227,990 9,073,092 4,131,129 5,011,186
Lehigh Valley RR...Dec.
Dec. 125,671
Deo.93,795
Syrac. Bing. A N. Y .—
Ino. 122,977
Inc.49,177
82,211 Lehigh Val. Coal Co.Dec.
Oct. 1 to Dec. 31___ _
220,137
94,406
233,133
16,648
15,407
Jan. 1 to Deo. 31. . . .
860,776
413,153 Lexington A East’ n,.Dec.
4,335
4,556
930,270
358,936
Jau.
1
to
Dec.
31......
194,894
207,331
57,319
63,363
281.253
215,879
Den. & R. Grande.b.. Dec.
567,565
622,702
Jan. I to Dec. 3 1 ....... 7,238,379 7,291,570 2.901,952 3,159.405 Louis. Evans. A St.L.Oct.
141.651
163,943
46,719
47,028
Jan. 1 to Oot. 31___ 1,286,603 1,244,233
July 1 to Dec, 31........ 3,769,459 4,082,268 1,536,470 1,836,924
386,819
307,968
2,907 Louisv. A Nashv.b.Deo. 1,854,971 1,757,856
Des Moiues A K. C ...D e c .
def. 643
671.956
662,639
12.099
8,346
24,207
Jan. 1 to Deo. 3L. ...20,263,546 19,809,193 6,532,316 6,776,025
Jan. 1 to Deo. 3 1 ........
118,575
93.202
13,567
July 1 to Deo. 31......10,592,917 10.720,081 3,531,253 3,884,442
13,080
Des Moines No. A W..Deo.
32,662
35,874
8,041
Jan. 1 to Dec. 31........
131,895 Louisv.Heud.A 3t.L. Dec.
37,956
442,255
380.366
40,036
10,905
9.584
134,510
Jan.
1 to Deo. 31......
453.946
414,535
115,493
103,827
20,210
Det. Lane. & N or.a..D eo.
100,393
90.691
6,854
Jan. 1 to Deo. 3 1 ....... 1,171,232 1,149,654
Macon
A
ill
ruling__
Dec.
5,422
254.295
6,189
27
792
149,161
Jan. 1 to Dec. 3 1......
61,935
72.035 d ef.ll,332
1,384
8.249
23,959
Detroit & Maok’ o.a..Deo.
26,377
2,236
July 1 to Deo. 31. ..
33,854
36,592 def. 7,074 def. 1,454
Jan. 1 to Dec. 31.......
400,«12
134,314
119,704
363.220
July 1 to Dec. 3 1 .......
49,523 Manistique............... Deo.
5,925
3,915 def.5.471 dof.8,766
142,410
176,174
25,497
Jan. 1 to Dec. 3L.,...
116,564
117,228
33,748
43.423
Duluth * Iron Range—
July 1 to Dec. 31........ 1.116,050 1.449,840
881.686 Memphis A Chas’n...Deo. 145,636
53,631
56,194
148.401
605,365
Jan. 1 to Dec. 3 1 ,.. .. 1,973,846 2,188,372
1,202,897
1,266,936
/an.
1
to
Dec.
31......
1,325,395
2
1 1 .2 2 2
293,037
879.426
July
1
to
Dec.
31......
729,310
752,453
212,264
222,018
Duluth So. 8 b .* Atl.Sept.
154,642
61,403
151,704
62,128
July 1 to Sept. 3 0 ___
411,795
312,490
423,2*7
147.026 Mexican Central..... Deo. 1,015,920
901,594
524,132
204,657
Jan. 1 to Sept. 3 0 . . . . 1,544,015 1,327,400
485,146
Jan. 1 to Deo. 31......10,203,020 9,495,866 3,463,747 3,896,476
582,174

1H E

4 1 8
- a r m ! B a n n in g !.

—

N et B a m in g i.—

1896-7,
1895.8,
1806-7.
$
*
*
107,329
331,610
255,334
H r s . lnl©rm.tl'>iuU. . Xuv.
995,651
J*a, i to S ot. 30....... 3.087,007 2,373,669
392,1*2 ©239,818
474,3 IS
M«x 1©*b Sottooai... S oy.
i n t i . V to S ot. 3 0 ..,.. 4,735,737 4,067,773 ©2,209,115
32,941
57,118
33.334
MAXleaa Northern.
379,343
631.996
Jon t t o D M i U .......
714.313
154,787
346,431
396,339
J u ly 1 to
863
9,331
7,489
Middle <*•». * A ll......Dea.
74,035
149,419
104,434
Itlan. * 8t,Loui».. ..Dots.
800,732
1,994.427
1,964,572
Jstt- 1 to D©e. 81.
492,385
Just 1 toll©©. 3 1 ...., 1,097.152 1.131,022
110,225
283,616
395,045
Ml.afi.6t. P.A 9. St©M,. Deo
1,507,493
Jan, 1 to Dea. 3 1 ..... 3.638.044 3 , U a,l5 7
12,785
34,153
37,473
MoMI« A Httm'gbtttt.De©.
71,579
295,688
333.76S
Jau 1 to D « j. 31.......
178,846
388,331
371,859
Mobile A O hio-----...Deo,
Jan 1 to Deo. 31---- - 3,718.3.39 3,492,326 1,258,337
750.987
July 1 to Dec. 3 1 ..... 1,991,075 1,893,833
MoniepT A Mex. Golf—
319,500
298,948
144,334
Oct. 1 to Dr© 31___
Jan. 1 to Dtp. 31....... 1,152,749 1,211,875
399,228
H*»ri C!t. ,Y 8t L .b .J a n .
i!3 ,0 5 t
463,599
138,052
July 1 to Jan. 31___ 2.979,070 3,099.329 1,148,449
Xels-a A Ft. ShepM Deo.
9,089
4,302
4,715
Nevada Oe»tral......... Deo.
4,499
2,737
1,911
Jan. 1 to 0©o. 31........
37.238
30.150
8,143
July l to 060. 31.......
22,212
16,132
6,590
Newb. Dutch©** A Conn.—
Oot. 1 to D«©. 31____
35,318
4,7,438
0,009
Jan. 1 to D©c. 31.......
138,368
167,059
15,629
Sew England—
Oct l to 0c©. 31____ 1,373,555
1,050,55$ 318,877
0,156,382 1,207,560
Jan, 1 to Dfc. 31....... 5,380,761
Sew Jersey A New York—
Oot. 1 to Deo. 31____
03,327
80,215
1,198
Jan. 1 to D©0.31.......
282,905
350,513
66,338

S. V. C-ntral & Hint —

C H R O N IC L E

1895-6.
$
85,388
924,713
©185,935
©1,859.709
32,006
365,661
189,942
2,589
03,755
836,023
510,397
88,473
1,130,560
11,318
25,204
174,149
1,239,615
787,419
85,566
784,671
174,437
1,258,305
1,085
472
3,068
3,002
17,207
28,086
507,641
1,319,589
10,337
66,880

(let Lt« Deo. 31........11,068,501 12,407,896
3,771.245 3,961,261
Jan. 1 to Deo. 31........14.075.028 44,338,888 14,314,530 13,83 3,002
N. V. S . II. A Hartford—
Oot. 1 to Dc«. 31....... 7,381,677 7,807,433 2,401,121 1,787,900
3,to. 1 to Deo, 31____29,103,550 2»,051,741 9,315,746 8,911.152
74,574
X. Y.Ont. A West.a .Deo.
278,715
298,211
72,541
Jan. t to Dots. 31 . . . . 3,858,813 3,720,183 1,120,250 1,063,458
657,045
July 1 to Deo. 31....... 2,126,705 2,047,227
696,517
S . Y. Phil A Norfolk—
28,172
2*,631
207,530
Oot 1 to Deo. 31.......
203,187
201.914
200,231
912,534
Jan. 1 to Deo. 3 1 .......
945.833
S. Y. Chic. A 8t- l . b 502,111
Oet. 1 to Dec. 31....... 1,470,246 1,320,985
438,819
Jan. 1 to Dt: c. 31....... 5,587,766 0,317,951 1,130,759 1,428,558
75,763
81,596
S , Y. Su*. A W M t.b,. Jan.
180,475
178,495
5S4.0S2
650,697
July 1 to Jim. 31....... 1,420,096 1,360.920
880,254
203,988
314,727
Norfolk A W esfn .a. Deo.
984,021
Jan. I to Deo. 31.......11,081,886 0,682,037 2,331,660 2,138,451
July 1 to Oeo. 31....... 5,417,623 5,244,616 1,265,338 1,280,314
1,970
3,996
5,473
Northeastern of Ua..Nor,
7,643
9.644
47,956
Jan. 1 to Nov. 3 0 .....
59,680
23,155
156,291
Norm. Central, b.......Jan.
525,886
110,843
511,209
Northern New York—
19,032
3.644
2,564
Oct. 1 to Dec. 31.......
13,592
88,341
Jan. 1 to Deo. 31.......
67,785
20,130
10,975
Northern Pacific...... Deo. 1,155,115
575,525
3,514,280
Sept. 1 to Dec. 3 1 .... 7,469,552
80,703
Ohio Ktver. b ............Deo.
76.073
32,480
24,756
887,211
908,670
Jan. 1 to Deo. 31.......
319,513
326,745
14,715
Ohio Hirer AChaa .Sept.
15,175
2,607
3,774
958
Ohio Valley................Nor.
22,583
31,584
8,517
334,244
Jan. 1 to Nor. 30. . . .
309,055
54,777
88,614
Oregon KB. A Xar..D ec.
100,039
177,788
359,337
Panniylvanla—
line* directly operated—
Kaatof Pitts AH Jan, 4,755,671 4,993,771 1,126,197 1,043,797
1Peat of Pitta, St Jan,
Deo. 374,900
Inc.
5,100
Peoria D m , S» Ki .."STov.
77,864
64,858
21,228
20,451
Jan. 1 to Nos 3 0 ,....
780,536
834,001
228,605
258,935
Petersburg.......... .....D ee,
40,907
47.431
17,700
23,831
Jan* 1 to Dee, 3 1 .,..*
549,841
546,227
236,900
210,612
July 1 to Doo. 31. . . .
2 47,579
281,931
106,978
124,904
PhDim, h E rie .,.,... b.Nor.
476,596
450,972
162,645
151,737
Ian, I to Nev. 3 0 ,.... 4,101,177 4,037,139 1,215,007 1,177,099
Phils. A Heading:— Dee. 1,777,445 1,893,603
854,039
835,582
i x m i tk iron Oo. — Dee. 1,770,098 2,218,358
35,313 def.14,371
Tr*lai hotii Oo#,. ....Deo, 3,518,143 4,100,960
889,952
821,211
m ; I B m ULAN.Enjs.Jan.
42,428
50,909
12,033
4,351
r u la, WUto. St Bait-.—
Mm< . t to Oet . 31. . . . 9,047,131 9,112,532 2,353,123 2,315,611
P1M•* CLO, St 8 t L ... Jau. 1,039,151 1,236,770
296,810
301,564
put*, Chtattier# Sk Y'h’y—
1 to m < 5. 3 1 ,....
40,118
46,018
20,021
25,604
Jan, l to Dee!. 3 1 ,....
197,849
162,850
101,355
63,123
Filla* U i, St We#'t__ Deo,
4.308
3,860
2,252
1,393
J sm . l .to Dech 3 1 ,....
44,136
44,805
4,122
4,143
Pus
* St w « i era.Nor.
228,255
241,525
80,184
79,443
. 1 U> N01 r. 3 0 ...,. 2,628,004 2,802,190
888,697
870,952
Ita ly
K 3 0 ,.... 1,220,245 1,423,435
434,704
463,578
FlitB* f t ]
St- A ... Jan.
63,316
73,805
14,758
8,020
Biel& fht*.#4* St F a t...Deo.
52,634
56,358
29,615
20,217
©OS,09 4
1. 31.......
728,4 43
217,888
256,787
M y 1 1© Decs.3 1 .......
308,413
352,836
111,353
136,136
81©
P#U tr*bn ri?,De©,
24,672
28,032
5,231
8,041
l to Dec
339.075
340,891
90,400
91,977
■1 to Bm
150*685
176,947
42,507
54,880
Bio
3:0 Soolfe. t*.. Deo,
32,488
46,656
15,404
25,149
448*073
453,049
186,600
234,928
1 to B m
228,687
269,675
108,957
152,308
Bio Q tfkt ide Went b.D i'e,
203,460
184,938
69,705
71,553
Jan.
k 3 1 ,.*.. 2,402,9 42 2,392,420
825,791
922,625
lo ir 1 to D* c5, 31....... 1,294,507 1,349,021
440,439
574,607
n „ Sept.
Sag . T u b
11.187
11,353
4,536
3,585
Jan, 1 to s©-|»tr 3 0 ...,
82,149
85,311
9,933
17,016

[ V o l . LX 1V
•----- Q r o rs B a r m n g a .1896-7.
1895-0.

— N et N a m i n g ! . -----.

1896-7.
1895-6.
•
3
8L L ouis S o u th w e st.D e o .
5 2 5 ,5 9 0
192,943
510,020
156,387
Jan. I to Dee. 3 1 ........ 4,883,251 5,058,481
868,314
929,533
J u ly 1 to Deo. 3 1 ........ 2 ,7 0 3 ,1 3 3 2,721,370
7*23,519
586 ,0 95
St, L ouis A S an Fr .. Doo.
4 9 5 ,4 7 0
198,885
502,012
201,782
J a n . 1 to I>ee. 3 1 ........ 6 ,0 9 9 ,1 0 8 6,005,943 2,460,948 2,385,557
J u ly 1 to D ec. 3 1 ........ 3 .1 2 0 ,9 3 5 3,213,398 1,411,304 1.383,620
San A n t, A Aran. P ..D eo.
2 1 8 .2 7 3
75,652
177,759
57,513
Jan. I to Deo. 31. . . . 2 ,1 1 7 ,2 9 0 1,971,8*23
091,3-22
555,645
8au Fr. A N. P a o ........Jan .
* 5 ,0 4 0
46,301
6 ,1 1 2
898
J u ly l to Jan. 3 1 ........
4 4 7 ,5 0 6
495,036
162,148
161,056
Sav. F la. A W e s t.b .,D e c .
2 9 9 ,9 8 8
291.563
71,634
92,798
Jan . 1 to Deo. 3 1 ____ 3 ,4 1 7 ,4 7 7 3,372,832
888,125
979.092
J u ly 1 to Dec. 3 1 ____ 1 ,6 5 2 ,0 1 6 1,669,060
426,129
445,060
S ilv er Sp. O eala A G.. D ec.
14,173
4,127
7,570
10,598
Jau. 1 to Oeo. 3 1 ........
1 88.204
172,881
59,469
99,581
7 7 ,851
Ju ly 1 to D ec. 3 1 ........
71,559
35,532
27,518
S llv er to u —
Jan. 1 to Deo. 3 1 , . . . ,
5 2 ,2 0 0
77,140
43,212
19,910
Sou th H a r e n A E a st D ec.
1,923
1,179 def, 2,430
def.578
Jau. I to Deo. 3 1........
2 7 ,7 3 7
19,842 def. 4.943
2,070
Sou th ern P a cific—
G al. H . A S , A nt. b . N or.
507,190
463,m
168,490
214,596
Jan. 1 to Nor. 30....... 4,613,188 4,858,407 1,656,928 1,407,26 8
Louisiana West. b.. Nor.
86,115
61,332
38,540
112,038
Jan. 1 to Nor. 30.......
830.815
936,653
317,769
468,978
M'gan’sLa.Arex.b.Nor.
613,241
701,379
295,504
270.859
Jan. 1 to Nor. 30....... 4,696,353 5,327,772 1,208,327 1,340,630
N Y.Tex. A M_.I>..Nor.
40,060
6,134
25,252
17,941
Jau. 1 to Nor. 30. ..
259,462
215,674
71,943
118,283
Texas A N . O -.b ...N o r .
13 0 ,6 7 1
140,142
56,058
32,576
Jan. 1 to Nov. 30....... 1,237,384 1,498,336
609,062
373,602
Atlantic Prop.b.II.Nor. 1,820,832 1,840,472
762,463
773,457
Jau. 1 to Nor. 30 ....1 5 ,2 23 ,2 41 16,191,825 4,760,039 5,173,335
Paeiflo System b ..Nor,
2,682,9702,915.719
938,355 1,123.950
Jau. 1 to Nor. 30.......29,118,918 29,898,326 10,35e;739 10',251',556
Total Of aJI.b.t---- Nor. 4,503,802 4,756,191 1,762,312 1,891,413
Jan. 1 to Nor. 30. ...44,342,159 46,090,151 15,116,778 15,424,891
So. Pac. of Oal.,b- Nor.
7 9 3 ,1 3 5
927,165
324,903
390,793
Jail. 1 to Nov. 30. . . . 9,082,990 9,581,935 3,334,5 4 7 3,714,005
8 0 Pac,oi’ Arlis'a.b .Nor.
214,633
216,060
37,362
5,899
Jan. 1 to Nor. 30....... 2,060,798 2,073,491
641,440
304,627
106,811
So.Pac. of N. M b ..N o r.
50,820
38,198
1 0 3 ,8 7 4
Jan. 1 to Nor, 30....... 1,041,863
994,289
334,346400,409
Northern R»il'y.b..Nov.
190,717
191,384
55,287
78,599
Jau. I to Nor. 30....... 2,031,007 1,810,191
370,574
780,91*2
Southern Railway.a .Jan. 1,565.864 1,644.070
451,558479,794
July 1 to Jau, 31.......11,404,548 12,062/232 3,779,147 3,983,053
Spokaue Palls A N o D e o .
43,208
16,744
27,193
27,838
Jan. 1 to Deo. 31.......
439,759
281,142
256,431
161,820
July l to Deo, 31.......
251,959
105,649
167,985
147,-193
Staten I. Bap. Tr. b. .Nor.
77,017
18,498
76,546
19,542
Jan 1 to Nor. 30....... 1,073,657 1,106,132
4 5 8 /0 3
437,105
July 1 to Nor. 30.......
500,174
600,338
270,802
259,387
1,460
Stony Cl. A O. M._b..Deo.
def. 7891,481
def.9
Jau. 1 to Deo. 31.......
40.023
42,571
17,079
12,300
23,561
15,196
July 1 to Deo. 31.......
30,506
14,615
Summit Branch.©— Jan.
75,914
86,695
820 def.9,830
Lykens Val.i oal.e..Jau.
10,072
80,041
82.580
6,973
total both Co’e.e...Jan,
7,793
242
155,955
169,275
Syracuse Gen. A Corn.b—
185,128
218,667
05,081
Oot. 1 to Deo. 31.......
77,544
Jan. 1 to Deo. 31.......
242,212
682,690
701,397
209,163
Terre Haute & Indiana?.
Jan. 1 to Deo. 31____ 1,201,619 1,238,991
216,814
250,587
Terre Haute & Peoria—
55,508
Jan. l to Deo. 31.......
395,522
10,922
437,636
6,250'
22,415
4,491
Texas Central— ....Deo.
25,583
Jan. 1 to Deo. 31.......
282,775
112,217
74,331
300,963
Tex. Sab. V. A N. W ..Deo.
5,129
2,429
1,984
5,050
51,44*
160,199
41,907
ToledoAOhlo Cent. b.Deo.
160,300
543,945
Jan. 1 to Deo. 3 1 .. ... 1,797,601 1,813,447
490,071
359,152
July 1 to Deo. 31.......
924,889 1,071,791
231,378
lol. Peoria & West.b. Jan.
24,096
71,093
88,495
14,935
July 1 to Jan. 3 1 ,* ...
163,246
539,286
619,755
131,789
Tol. St. L. A Kan. City—
179,406
July 1 to Dec. 31....... 1,192,677 1,035,638
230,527
327,152
Jan. 1 to Deo. 31....... 2,162,894 1,847,249
403,258
0nlon Paeiflo—
Union Pac. By..b..Deo. 1,175,593 1,142,431
367,757
351,639
Jau. 1 to Deo. 31. ..14,382,291 14,356,291 5,307,140 5,493,969
238,380
471.077
Oreg.a.L. A 0.X ,b..D eo.
-473,591
183,548
Jan. I to Deo. 3 1 ... 5,578,873 5,394,197 2,419,500 2,420,639
49,152
4,977
St.Joa.A G d.W .b.,D eo.
83,545
24,410
Jan, 1 to Deo. 3 1 ... 724,169
110,720
152,358
014.078
45,855
18,769
29,539
Cent Branch.b....D eo,
50,214
Jan. I to Dec. 3 1 ...
445,921
106,400
344.770
209,588
27,703
1,708
3,419
AfcJew.G A w! £ •b*D6°*
33-623
Jan. 1 to Deo. 3 1 ...
335,087
276,703 def.21,373 def.43,751
653,460
671,868
Grand T o ta l.b .... Doo. 1,977,0*27 1,861,795
Jan. l t o Deo. 3 L...22,939,670 22,273,548 8,319,463 8,331,495
104,902
98,184
272,591
261,162
rn . P .D .A G u lf.b ... Deo.
778,206
763,851
Jan. 1 to Dea. 31....... 3,101,716 3,091,486
Vermont Valley 61,330
52,636
20,153
23.080
Oot. l to Dec. 31.......
21“ ,881
205,686
fa7,508
77.080
Jan. 1 to Deo. 31.......
Visalia & Tulare—
932
711
2,287
2,399
Oot. 1 to Deo. 3 1 .....
2,763
8,133
9,726
1,711
Jan. 1 to Deo. 31.......
291,680
239,083
Wabash, b ..................Deo.
965,375 1,070,156
Jan. 1 to Dec. 31.......11,963,904 12,650,901 3,338,307 3,438,920
July l to Dee. 31....... 0,134,058 0,977,892 1,900,739 2,127,565
Wabash Ches. A West’ n—
47,372
17,003
21,653
41,813
July 1 to Deo. 31—
86,590
34,224
32,095
89,602
Jan. 1 to Dee. 31.......
28,040
41,896
Waco & Northw’n .... Deo.
35,081
24,048
159,820
Jan. 1 to Oeo. 3 1 ,....
278,231
287,798
110,089
Walkill Valley—
13,314
43,080
48,653
11,524
Oot. 1 to Deo. 31-----169,521
48,997
171,410
40,018
Jan. 1 to Dec. 31.......
145,539
8,153 def.38,789
152,818
W . Jersey & 8easli*e,.Deo.
616,268
Jan. 1 to Deo. 31..*.*- 2,554,920 2,565,847
586,837
528,538
535,032
May 1 to Deo. 31....... 1,936,281 1,981,197

Roadt.

*

$

i’tfE CHRONICLE

F kbh oah y 27, 1SU.7.J

•-G r o s s E a rn in g s. -----* ------ Net E a rn in g s —
Roads.

Weat Va. Cent. & P ..J a n .
J u ly 1 to J a n . 3 1 ........
W .V irginia A P ittsb .N ov.
J a n . 1 to Nov. 3 9 ........
J u ly 1 to N ov. 3 0 ........
W est’n o f A la b a m a ..D e c .
Jan . 1 to D ec. 3 1 ........
J u ly 1 to Deo. 3 1 ........
W est-N. Y .A P e n n . b ..D e o
Jan. 1 to Deo. 3 1 ___
J u ly 1 to D ec. 3 1 ........
W iscon sin C entral, b D ec.
J a n 1 to D sc . 3 1 . . . . .
J u ly 1 to D^c 3 1 . . . . ,
W rlghtav. Jc T en n ...J a n .
J u ly 1 to Jan. 3 1 ........
Y ork S o u th e r n ........ Nov.

1896-7.
$
8 4 ,7 1 0
6 71,990
3 1 ,0 3 7
3 5 7 ,8 9 3
1 6 6 ,0 5 6
6 0 ,9 7 6
5 9 3 ,1 2 7
3 3 5 ,8 3 1
2 2 8 ,1 8 3
3 ,0 3 6 ,6 5 1
1 ,6 7 1 ,1 3 7
3 0 7 ,1 8 8
4 ,2 5 9 ,0 7 8
2 ,2 3 4 .5 9 7
8 ,2 0 0
5 5, 393
5,7 3 1

1 8 9 5 -6
$
9 7 .4 6 3
7 1 1 ,4 1 6
3 1 ,1 8 8
3 4 9 ,9 45
1 7 7 ,5 9 )
6 3 ,5 7 8
5 5 6 ,0 5 8
3 2 2 ,5 5 7
2 5 1 ,5 3 5
3 ,3 1 2 .9 7 6
1 ,3 2 0 ,5 1 6
2 8 2 , 60
4 ,3 6 6 ,7 2 9
2 ,3 7 4 ,9 3 0
9 ,0 3 9
5 6 ,5 5 4
6 ,1 3 0

1 896-7.
$
3 1 ,5 4 4
2 2 9 ,3 5 5
16 ,2 0 4
1 8 7 ,1 7 7
9 J,750
2 5 ,2 9 4
22 2,597
1 4 2 ,4 9 5
6 2 ,6 39
1 ,0 6 L.4 S4
6 3 2 ,2 0 1
8 5 ,7 1 0
1 ,4 1 4 ,6 9 3
7 9 9 ,7 3 6
4 ,4 0 1
2 3 ,6 7 9
2 ,2 3 7

1 895-6.
$
3 1 ,4 7 4
2 5 0 ,8 9 9
17,644
2 0 1 ,3 0 8
1 0 3 ,0 4 0
29,151
2 0 L,7 24
1 3 1 ,8 6 2
6 6 .8 3 5
8 7 9 ,4 9 3
52 .',337
7 9 ,4 3 0
1 ,6 3 2,011
8 7 1 ,1 3 0
5 ,1 8 )
2 .,2 6
1,9 38

a N et ea rn io g s here g iv e n are afcer d ed n ctin g ta x e s ,

b N e t e a rn in g s here g iv en are before d e d u ctin g ta x e s ,
c D ed u ctin g oth er e x p e n d itu r es for rep airs, r ep la cem en ts and general

e x p e n s e s , n e t incom e ap p lica b le to in te r e st on b on ds in N ovem ber was
$ 1 2 5 ,1 4 3 , a g a in st $ 1 0 1 ,0 5 2 la st y ear, and from J a n u a ry 1 to N ovem ber
3 0 $ 1 ,2 2 3 ,1 3 9 , a g a in st $ 9 7 9 ,7 5 1 . T h is is th e r e s u lt in M exican dollars
trea ted (according to th e co m p a n y ’s m eth od o f k e e p in g its a cco u n ts)
as e q u iv a len t to 9 0 c e n ts in U nited S ta te s m on ey—th a t is, a ll depreoi
atioD bevon d 2 0 per c en t has a lrea d y been a llo w ed for.
d Prior to J u ly 1, 13 9 6 , ta x e s w ere in clu d ed in e x p e n s e s for 1893
o n ly , but sin c e th en th ey h a v e been inoluded for both 1 8 9 8 a n d 1895.
e R esu lts o f coal m m in g operation* on ly.
f ln c r e a s G n ex p e n ses d i e to e x p e n d itu r es for p e rm a n en t i n p r o v e ­
in ents.
g Af*er a llo w in g for oth er in co m e rec e iv e d n e t from J a n u a ry 1 to
D ecem b er 31 w as $ V 4 I,1 9 9 , a g a in st $ 4 1 0 ,9 5 2 , and lrotn J u ly l to
D ecem b er 3 1 $ 3 2 5 ,2 3 3 . hg a in st $ 3 0 4 ,9 0 8 .
l i L ow er n e t due chiefly to in crea se in m a in te n a n c e o f w a y a i d
m a in te n a n c e o f eqnlp m *ut.
i In c lu d e s b esides A tla n tic System th e H o u sto n A T ex vs C entral,
A ustin A N orthw estern, C entral T exas A N >rthw estern and F t. W »rtli
& N ew Orleans.
j F loods in D ecem b er, 1 8 9 5 , d ecrea sed e a r n iig s and in crea sed
e x p e n s e s then.
k 3t. L ouis A lton A Terre H ante not in clu d ed in 1 8 9 5 for the th ree
m on th s from J u ly 1 to O ctober 1.
1 In clu d es C hicago B u rlia g to n A N orthern fo r b o th years.
•F o r Decem ber, 1 8 9 6 , t a x e s and ren ta ’s am o u n ted to $ .5 2,309, a g a in s t
$ 2 0 5 ,0 1 1 , and from J u ly 1 to D ecem b er 3 1 , 1 3 9 8 , $ 9 6 0 ,5 3 9 , a g a in st
$ 3 8 5 ,8 4 3 . a fte r d ed u ctin g w hich n e t for D ecem b er, 18 9 8 , w as $ 0 9 8 .4 0 4 , aga iu st $ 6 0 9 ,7 9 7 , an d from J u ly 1 to D ecem b er 3 1 , 18 96, $ 1 ,9 2 3 ,0 5 9 . a g a in st $ 2 ,5 3 0 ,1 7 2 .
t lu o lu d e s o n ly o n e-h a lf o f lin e s in w h ich U n ion Paolffc h a s a p a rt
In te r est. Figures are g iv e n e x c lu s iv e o f r esu lts ou O regon R a ilw ay A
N av ig a tio n , U nion Pacific D en v er A G ulf, F o rt W orth A D en v er C ity,
L eaven w o rth T opeka <fc S o u th w e ster n , M ontan a U n io n a n d K a n sa s
C ity & Omaha.
♦ 8 t L ouis A lton A T erre H a u te Inoluded for the fu ll period in both
y e a r s.
$ F igures for 1 3 9 8 do n o t Include res ilts on A lbany F ia. A N orthern
w h ile th o se for 1895 in clu d e th em to A u g u st 31 o n ly ,
li In clu d in g in co m e from fe r r ie s. A c.

Miscellaneous Companies.
,-----Gross E a rn in g s .1 896-7.
1895-6.
$
s
Ed. El. til. Oo., B k ly n .J a n .
7 5 ,7 0 4
8 3 ,7 4 8
E dison El. ILCo.,N. Y. Jan.
2 4 9 ,2 )9
2 1 8 ,1 8 1
E d ison E l.Il.C o.St.L .N ov.
J a n . 1 to N o v . 3 0 ........
........
........
Grand Rap, G as L.Co. Jan.
L acled e Gas-L. O o .... Jan.
........
....-...
O regon Im p. C o .a ....D e o .
2 5 6 ,9 4 6
2 4 0 ,3 2 8
Jan . 1 to DiO. 3 1 ........ 3 .2 3 8 ,2 3 9 3 ,2 2 1 ,6 3 3
Paoiflc M a ll............... Dec.
3 8 8 ,8 3 0
3 7 8 ,6 5 1
Jan . 1 to Dec. 3 1 ........ 3 ,9 3 8 ,5 0 4 4 ,3 36,032
M ay 1 to Dec. 3 1 ____ 2 ,0 3 9 ,9 24 2 ,8 9 3 ,1 2 9
T en n . Coal I. a R R ..,Jan .
W estern G as Co.—
M ilw aukee Gas-L. Co. J a n .................

— Net E a rn in g s .——

18 9 6 -7 .
$
4 2,397
1 2 4 ,5 4 4
3 3 ,6 7 9
28 3,630
1 4 ,4 7 3
8 3 ,4 ) 4
4 0 ,7 47
3 9 9 ,4 9 5
1 0 6 ,8 2 3
6 1 0 .5 3 1
4 9 2,070
5 7 ,9 3 3

$
3 6 ,3 3 0
1 0 3 ,8 5 6
4 2 ,8 6 7
3 1 0,071
14,031
8 1 ,7 4 2
d e f.4 ,5 0 8
3 6 3 ,5 1 3
8 1 ,8 5 5
8 0 9 ,8 1 0
5 9 2 ,4 2 0
9 4 ,3 3 5

5 2 ,3 1 8

4 8 ,4 2 8

Interest Charges and Surplus.—The following roads, ir
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &o., with the surplus or deficit
above or below those charges.
3 .i*
^ cU oa a t.

~ In le r ’ t, ren ta ls, <*r
1896-7.
13 9 5 -8 .
$
$

Bangor A Aroostook. Dec.
22,007
19,939
Jan. 1 to Dec. 31......
262,053
219.973
Buffalo A Susqueh'a..Jan.
12,669
12,987
July 1 to Jau 3 i. . . 4
89,12 4
81,963
Oblo. Burl. A Quincy .Dec.
880,000
872,954
Jan. 1 to Dee. 31...... 10,560,000 10,175,453
Chic. A East Illinois. Dec.
115,746
117,38 3
July 1 to Dec. 31. ...
693,382
693,905
Choc Okl, A Gulf___Dec.
19,000
Nov. 1 to Dee.31......
38,000
Chic. A W. Mich........Deo.
35,043
33,640
Jan. 1 to Dec. 31......
408.334
405.133
Clev. cm . CH. A St. L.. Jan.
210,905
232,331
July 1 to Jan. 3 1 ...... 1,663,411 1,656,631
P eo ria A Eastern... Jau.
36,802
36,802
July 1 to Jan 31.......
257,612
257,012
D enver A Rio GrM e..Deo.
194,219
194,829
J u ly 1 to Dec. 3 L...... 1,176,038 1,179,071
D et. Lans. A Nor..... Deo.
15,370
29,368
Jan. 1 to Deo. 31......
234.274
33 <,820
Flint A Pere M ar ..... Nov.
50,923
43.237
Jan. 1 to Nov. 30 ......
504,205
500,696
K anaw h a A Mich.,.. Dee.
10,387
10,302
J u ly 1 to Dec. 31 ___
61,731
61,438
K an. C. Ft. S. A M . .. Deo.
116,793
115,337
July 1 to Dec. 31......
701,645
692,542
Kan. C. Mem. A B ir..D ec.
16,507
13,966
J u ly 1 to Dec. 31 ......
99,042
83,203

—Bat. o f Nel E a r n ' 1 8 9 6 -7 .
1 3 05-6
*
$

9 )3 def.2,175
17,886
19,227
1.252
353
95.404
58.L59
470,845
401,092
2,490,056 2,138.313
*90,704
‘ J 1,251
*298,419 •319,319
35.028
51,473
def.9,927 def 9,477
Idf.8 7,223 def.85,183
9,721
33,818
292,350
542,890
def. 8,174
5,178
45,491
def 4 .*,108
86,42 i
21,660
360,432
057,853
def.3,516 def.9,059
def.85,113 def.St 525
94
495
30,900
39,85 3
*8,250
*785
*def.23
*2,318
1.391
1,840
66,405
66,339
24.360
2 5,791
50,020
101,633

419
-I n i. R en ta ls , e tc. ---- s .—B a l. o f Net E arn *os —a

1896-7.
*
6 9 ,4 8 3
E rie A W est’n.... D eo.
J a n . I to D eo. 3 1 ........
7 0 1 ,6 2 6
N ashv. Chat. A S t.L . Jan.
125,881
8 7 6 ,2 6 7
J u ly 1 to Jam 3 1 ____
11,5 S7
Phila. R ead. A N . E ..J a n .
3 )2 ,2 6 2
Pitts. C. C. A St. L ..,J a m
1 1 ,1 0 6
Rio G rande S o u th ....D e o .
J u ly 1 to Deo. 3 1 . . . . .
8 4 ,6 4 )
St. L ouis A 8 a n F ra n —
J u ly 1 to D ec. 3 1 ........ 1 ,0 7 7 ,9 7 0
1 9 ,1 0 4
■Jan F ran. A No. P a o . Jan.
13 3,729
J u ly 1 to Jan. 3 1 ........
4 7 ,7 7 7
Tenn. C oal I. A R R .J a n .
3 7 ,8 6 6
Toledo A O. C e n t........D ec.
2 37.2 53
J u ly 1 to D eo. 31. . . .
2 2,673
Toledo Peo. A W e st..J a n .
16L .6S4
J u ly 1 to Jan . 3L........
R oad s.

L.

1895-6.
$
5 9 ,5 0 2
7 0 1 ,7 8 )
1 21,119
8 7 6 ,5 1 2
11,609
2 8 6 ,8 2 7
14,347
8 5 ,3 3 6

1896-7.
$
7 4 ,6 2 4
7 2 6 ,3 9 0
1 2 ,171
2 7 2 .1 8 2
1,016
d e f.5 ,4 4 6
1,298
2 2 ,3 1 7

1896-6.
$
8 1 ,8 5 3
9 0 1 ,2 0 3
5 0 ,3 1 9
3 9 1 ,7 9 3
def. 7 ,2 5 8
1 4 ,7 3 7
1 0 ,8 0 2
6 6 ,9 7 2

3 3 3 ,4 2 4
1 9 ,2 1 2 def. 12,993 d e f .1 8 ,316
1 3 4 ,4 8 6
2 8 ,4 1 9
2 6 ,5 7 0
4 7 ,8 8 1
1 0 ,161
4 6 ,5 0 1
3 8 .1 4 7
*4,266
*13,549
2 3 4 ,7 8 5
*5.938
*125,938
2 1 .6 1 8 d e f.7 ,7 3 3
2 ,4 7 8
1 4 4 ,0 5 0 def. 2 9 ,895
1 9 ,1 9 6

t A fte r a llo w in g fo r o th er in co m e from Jan . 1 to D eo. 31 ttn r e w as
a d eficit of $ 3 5 ,7 2 7
• A fte r a llo w in g for o th e r in c o m e r e c e iv e d .

STftEET ftA.lLWATS AND TRACTION COMPANIES.
The following table shDwa the g r o s s earnings for the latest
period of all s t r e e t railways from which we are able to obtain
weekly or monthly returns. Tne arrangement of the table is
ohe same as that for the steam roads—that is, the first two
solumns of figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
the calendar year from January 1 to and including such latest
week or month.
ST R E E T

R A ILW A Y S

G ross
E a r n in g s .

AND

TR AC T IO N

C O M PA N IE S.

L atest Gross E a rn in g s.
Week o r Mo 1893-7. 1895-6.

ik r o n B ed f’d A Clev. Deoeraber.
Akron S t.R y.A III. Co. D ecem b er.
A m sterdam St. R y ... D ecem b er.
Anders’o S t. R y.(Iad ) J a n u a r y ...
Atl. C onsol. S t R y ... D ecem b er.
A tlanta R a ilw a y ......... J a n u a r y ...
Baltim ore T raction... J a n u a ry ..
Bath 8fc. R y. (N. Y .).. J a n u a r y ...
Bay C ities C o n s o l.... J a n u a ry . .
3in gh am ton St. R y ... J a n u a r y ...
Bridgeport T raction . 2d wk Feb.
Brockton Con. S t. Ry. J a n u a ry ..
Br’klyn Rap.Tr. Co.—
B rooklyn H a ig h ts.. J a n u a r y ...
Br’k lyn Qu’ns A Sub J a n u a r y ...
T otal for sy ste m . J a n u a r y ...
Buffalo R v ..................... D ecem b er.
Chester T ra c tio n ____ J a n u a r y ...
Ohio. A So. Side R T .. Do 'em ber.
Jlty E lec. (R om e.G a.) J a n u a r y ...
Cleveland E le c t r ic ... J a n u a r y ...
Oleve. P a in sv ,A E ___
Oolumbus 8 t. Rv. (O.) i d w k Fob.
Ooney Islan d at B ’iyn. N ovem ber.
D anv. Gas El. L igh t A
S treet R y ............ . . . | N ovem ber.
D enver Con. Tram w J a n u a r y ...
D e tr o it C iti’n s’St. Ry. J a n u a r y ...
D etroit E lec. R y .......... J a n u a r y -..
D aluth St. R y............. D ecem b er.
Erie E lec. M otor C o.. J a n u a r y ...
G alveston O it y U y ... J a n u a r y ...
Herkim er Mohawk IIion A F 'kfort E l.R y . J a n u a r y ...
H oosiok R y. ........ ....... J a n u a r y ...
H ouston E lec. St. Ry. J a n u a r y ...
In te r sta te C onsol, oi
N orth A ttleb o ro ___ J a n u a r y ...
K ingston City R y___ J a n u a r y ...
L ehigh T raction . . . . J a n u a r y ...
L ondon 8 t Ry. (Can.) J a n u a r y ...
L ow ell L aw . A H av. J a n u a r y ...
Lynn A B o sto n ........... M wk Fob.
M etrop. (K an sas C ityi 1st w kFeb.
M ontgom ery St. R y .. 1
a n u a r y ...
M ontreal S treet R v ... J a n u a r y ...
N assau E lec. (B ’klyn) J a n u a r y ...
N ew burgh E le c tr ic ...
New E n g la n d S t.—
W inoheater A v e . . . D ecem b er.
P lym ’th A Ktngstou ;D ecem ber.
T o ta l.............
3d w k Feb.
New London St R y .. J a n u a r y ...
New O rleans T raction J a n u a r y ...
N. Y. & Q ueens C’y :.. J a u u a r y ...
O gdensburg St. R y .. J a n u a r y ...
Paterson R y ................ J a n u a r y ...
P ittsb. F t.S ub. E l.R y.
Po’keepsie A Wapp. F. D ecem b er.
R ocnester R y............... D ecem b er.
Bohuylklll R i i l w i y . .. J a n u a ry ..
Sonuylkill Yral. Trao.. J a n u a r y ...
Scranton A P lttsto m . J a n u a r y ...
Scranton R a ih v iy ___ J a u u a r y ...
Second Ave. (P ittsb .) J a n u a r y ...
ilo n x City T raction
N ovem ber.
ly r a o u se E’st-SideR y J a n u a r y ...
Syracuse Rap. Tr. Ry. J a n u a r y ...
Terre H aute E l’c. Ry. 'O ctober. ..
Third A ve. (N. V.) . D ecem b er.
Toronto R y.................. 'J a n u a r y ...
Twin C ity Rap. Trail. jD ecem b er.
Quiou (N. B ed fo rd )... J a n u a r y ...
U nited T*act. (Prov.) J a n u a r y ...
Unit. Trao. (Reading) J a n u a r c ...
Wakefield A scone . . . J a n u a r y ...
W aterbary Traction. J a n u a r y ...
WheeLing R ailw ay
D eoom bor.
Wllkesb. A Wy. Valley J a n u a r y ...
W ilm ington St. Ry.
Sop tem b’r.
W orcester C o n so l...
O ctober. ..
W orcester 8u b .8t. Ry. S ep tem b ’r.

fa n . 1 to L a test D a te.

1 8 9 6 7.

1895-6.

$
$
5 ,7 9 2
6,456
18,938 2 *,523
3 ,8 2 2
3,9 8 3
4 .2 9 0
3 ,9 4 )
2 9 ,2 50 * 6 2 .8 4 8
5,1 5 5
5 370
9 0 ,5 1 8 8 7 ,326
1,811
1,422
6.3 36
6,9 2 7
9,707
10,029
5,1 2 2
4,871
2 2 ,9 18 19,657

$
*
9 1 ,6 8 8
2 1 0 ,2 4 7
1 8 9 ,2 )6
4 0 ,1 7 8
4 8 ,655
4 ,2 9 0
3 ,9 1 0
36 8 ,7 1 5 *474,112
5,155
5 ,3 7 0
9 0 ,518
8 7 ,3 2 6
1,311
1,422
6,3 3 3
6,9 2 7
1 0 ,0 2 9
9 ,7 6 7
3 2 ,4 1 0
3 1 ,7 7 3
2 2 ,9 1 8
1 9 ,7 5 7

189,702 33 3,6 43
5 3 ,128 48.PJU
192 ,8 9 ) 38 2, J* 4

3 3 9 ,7 6 2 3 3 3 ,6 1 3
5 4,128
4 8 ,8 0 1
3 )2 ,8 9 0
3 3 2 ,4 4 4
1,369,227 1,3 27,774
12,803
1 2 ,602
7 0 4 ,6 4 1 7 4 2 ,0 9 2
1,439
1,448
1 21,178
125,408

12.80 ■ 12,68 2
6 ) , 111 7 3 ,639
1,438
1,448
12 1,17 i L25.4 )S
4,9 9 3
10,63 i 1 1,017
2 1 ,863 2 2 ,316
9.20!)
8,815
5 3 ,9 9 8 5 4 ,5 4 0
8 3,239 7 2 ,5 2 6
3 3 ,4 6 3 3 5 ,1 3 4
16,255 1 7 ,750
10 258 L0.835
14,708 13,259
3,5 9 7
48 2
14,309

3 ,4 3 5
555
1 4 ,405

8,943
3 ,6 7 9
8 ,7 0 1
6,001
27,541
21,449
3 1,736
3 ,6 5 0
9 9 ,686
LOO, 6 24
f 5,150

7 ,7 ) 2
3,8 5 9
9,6 0 3
5,0 3 5
2 0 ,725
2 0 ,7 9 5
3 3 ,5 6 L
3,688
9 5 ,0 5 7
2 5 ,538
6,4 3 0

1 5 ,385
2 ,0 )3
3,8 53
2 701
99.963
24,331
1,031
2 3 ,769
1,321
6,0 6 5
7 4,26 I
7,9 7 6
3.509
4 .7 3 0
2 7 ,5 7 2
3 1 ,3 6 2
6 ,1 8 )
2,411
3 2 ,1 9 0
1 2 ,450

15,405
2,095
3,8 7 8
2,686
105,011

7 4 ,5 4 6
171,523
15,865
129,183
1 1,6 77
3,285
19,071
11,817
3 9 ,4 1 )
3,459
40,101
14,291

7 3 ,9 7 0
168,413
14,005
131,574
12,251
3,228
2 1 ,4 5 8
11,702
33,8 58
3.092
39,016
.
__

1.03)
2 3 ,3 3 6
6.4 5 8
7 1 ,0 0 0
7,981
4,163
2 5 ,4 3 0
32,2 24
6,8 2 9
2 ,6 )8
33,301
1 1 ,9 )7

6 8 ,9 3 6
3 1 9 ,6 3 4

7 3 ,4 3 7
3 5 3 ,0 6 9

5 3 ,9 9 8
8 2,2 49
3 3 ,463
2 2 5 ,9 '2
1 0 ,258
11,708

5 4 ,5 1 0
7 2 ,5 2 6
3 5 ,1 3 4
2 3 6 ,1 6 9
1 0 ,835
1 3 ,2 59

3,597
482
1 4 ,3 0 )

3 ,4 3 5
5 55
1 4 ,405

8,9 4 3
3 679
8,7 0 2
0,601
27,541
13 1,901
101,5 30
3 ,6 5 0
9 9 ,6 3 6
1 0 9 ,6 2 4

7,7 6 2
3.8 5 9
9.603
5 ,0 )5
2 6 .7 2 5
1 3 0 ,1 6 2
1 6 3 ,0 0 4
3 ,6 8 8
9 5 ,0 5 7
2 5 ,5 3 8

24 1 ,4 0 8
3 3 ,5 10

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

2,6 8 0
2,701
105,011
9 9 ,963
24,3 41
1,031
1,059
2 3 ,769
2 3 ,3 3 6
14,442
8 3 ,133
8 4 7 ,4 10 8 5 9 ,7 8 3
7,9 7 0
7,9 8 1
3,509
4 ,1 3 3
4,7 3 0
2 7 ,5 7 2
2 5 ,4 3 6
3 2 ,2 2 1
3 2 ,3 6 2
7 1 ,7 3 3
7 1 ,7 3 9
2,441
2,6 5 8
3 1 ,3 0 1
3 2 ,1 9 0
13 7 .7 6 1 129,771
2 ,6 2 6 ,8 9 i 2,615,152
7 3 ,9 7 0
7 4 ,346
2,037,933 .,9 1 1 ,7 7 0
11,005
15,365
1 3 1 ,5 7 4
1 29,183
1 2 ,2 )1
11,077
3 ,2 2 3
3,2 8 5
2 1 ,456
19,071
1 40,070
167.993
3 8 ,853
3 9 ,419
___ ___
. ... ...
.......

* Figures w ere e x ce p tio n a l in 189 »on a cco u n t o f A tlanta E x p o sitio n ,
t D ecrease in e a rn in g s d i e to fa c to r ie s b ein g sh u t dow n.

TH E

4*2 0

C H R O N IC LE .

g t r e e t t U t t w 4 T N e t t'.a r a lM ffs.— Xu t h e f o l l o w i n g w e s h o w
bcmii tn« .;t>. ' andUt.* net earnings w b u s i l d i l W Of all STREET

thiiways ( (V-U winoii are nave wwo able to procure monthly
m u r a l A » in in" case of sue steam roads, the returns of toe
dtsf.tfvat r>j.i Is are paolishod by us each weak as so in as re­
ceived, and once a month pin the third or toe fourth Satur­
day of the ai iiuti . «*.i bring alt too roads reporting together
m ii done today. W «»d d also those roads which make
quarterly rvporta.
——Orisu A'.tr.t ttii/i, — . -— S e t K a r in l i c e ,—
1896-7.
1896-6.
1895-6.
1M>6 7,
4
«
$
4
1,142
5,466
6.198
JUtahBMS B«4. A C le f,. ■NoV*
09, t, 6
Jam. i |n# ItoV* 3(1. .**•
8,88 t
9,76 4
20.523
18,063
41KSVnb ili*til -A
So, U 7
8u,5J7
189,256
J%u» t to
-,■*»
210.447
«>m 4 to tuee. M. . . .
Jms, 1.1« its®.
4

B t. H f,, ties.
l « i . i to m o .
K1#©..11048 Jao.
A U m a m Hoos. R|. . . . D«0.
j # g. 1 to i t e e , 3 1 . . . .

137,357
661,339

131,931
519.386

52,942
191,4 78

49,080
205,u73

3.983
49,178
4,290
29.250
383,715

3,822
40,05$
3,940
62,8 tg
474,112

549
10.0,5
2,388
15,250
181,126

630
6,818
1,741
32,814
241,430

6,370
1,422
6,927
9,767
24,427
276.811
19,657

187
d,f.6S
2,15*
2,412
10,558
136.293
7,022

555
d*r. i o >
dof.GJS
3,163
10.095
135.178
6.L20

141.856
594,461

42.289
202,957

53,935
221,906

1,015,963 0130,372
3,854,805 e l,827,115

376,364
1,172,102

5,155
Atlanta Railway — Jan.
Ry. (S.Y.)..Jau.
1.3U
6,336
B m f C iU m xXiiL8t.El.JAO.
10,929
B l& gh m m w ti SL Hjr..Joa.
traoCii.. No V.
23,841
ImUa l to Nov. 30. . . .
296,096
fifo«*L»!itVo.9t.Ky..Jan.
24,918
B’ ktyo city a Newtown-—
M u U c! 1 In De> . 51.......
138.591
*36,579
is(e,Jai*. 1 to Uw. 3 1 .....
BmimtiU b—
m u l to D> o .3 t ....... ©1,063*170
Ah .J«n- A to 1>«. 31.......1*4,300.964
iS'kij wQa®<»£yf Co.
Sub.'—
178,218
Out. 1 to Uvo. 3 1 .....
jskU- l to D©©, 3 k, . . . .
716,170
BiUSal© EiBiway—
Oct. 1 to ih m . 8 1 ,....
337,990
Jabi. 1 to
3 1 ...... 1.369.227
—
Oentrai OroMtowa (N. y.i
Oct. I to Dec. 3 1 . ...
152,054
571,301
J m i . i to Doc j*i. .. .
Cltostor i I***.i t r & e t.. . S©a.
12,306
65,411
Cate. «&So.Side 14. 1*.. Dec.
J©iu I to DcJ. 3 t ., ...
704,6 41
City
J* 0 .
1,431
Uloveiab.d. KleotDo..,D«o.
135,572
Jim. I to iko, 3 i. ... 1,634,841
Clev. p, 4c K m l
4,au3
July i to Deo. 3 1 .....
33,340
Uoiummu 1 O.1 eu Ry„ Juu.
47,219
D.AnVvOtkd BL'U&41*H f . No?+ ^,209
D# i4f i t r Pm m . ar.. 1a a.
53.993
ttetroU Ut-Eleo dl.ltj Jan. 82,339
Detroit EtoOi-ric
33,463
Duititn Street Ry ,,. Nov.
16,9 >9
JlML i to Nov, 3 0 .....
201,213
Forty-•de&JU. Mt*nli.xkSLN. Ave.—
Oct. i to D m . 4 1. ...
175.243
0*1 ve* toa City tiy... J»u.
14,708
ilerletoicr H v h & w k Hum
* tftm tM . HI. tty ... Jac.
3,537
ItmLStoa
Hi l l y Dec.
17,653
Ja&, 1 to U«f©. 31. . ..
202,2 41
Ibtor-Stoto Co0*0L Sttvm%
H f . (No. 4|tteb i __Ja o .
8,0 U
D m ig u Cf4*.iti*ia. . . . .J a«.
8,703
6,001
27.511
t& w m i L -z w r 'm M I L . J 40*^
Lynn A iio.ion ____ Jan.
02,705
Etovmtod—
m i . i to U « 81.-,.,. 2,482,980
JatH. I to D m . J t ,, . . . 9,123,1,2
KcUwp’n 8t.tfv..R OOao.
12 1,7 .*4
June i to Juil, Jt ... 1,241,763
4
*
—
M«tf©fi©tll44i St- ity.tN.Y,)
4M L l to tJhm. 34. . . . 2,272,754
J*©. 1 to D m , . a ....... S.J8i,U#5
ll4UDKt*i4»ery s l Hy.aJaa.
3,650
H w t h u tK m m . i t y . . m e .
H5.150
Jaiy i to m r . s is,..** <1, J, (J J
Mmw Hb&m&mt M - E:f.,J4*L
2.701
W-9W Dtimmmm
109,^30
J4b.Tt to £NksL 31.
1,3 22,328
n . Y. 4
i ©, Ey.—
CNlt, I |a
Jl..
85.168
f*Ator*”»©
.... 14ti.
24*74*
fUlA Ff.31
Ilf. i m .
ijm i
J ml i 1® S im . ML
14.4 42
6.065
iU s-j 9L

105,067
84,7, *40
ia *lf tiy.-—
l to t m A 1 !.,**»
Vvbo^lltill T fK tN ifi.Jtc,
tUiI«r*y, . . S m ,
1*1 *
J-am.
Avm. fIf,
0 4 4 1 m $ m . M L ***

S lcai € U f ¥iaetl4MbJtor»
Jjttft. 1 to N»V. $ - 4 , ... .
#», ftfft
iifiiX . IfJQe%* 1 1# 1JNm 8 1 * ...,

159,209
611,887

62,751
263,504

37,132
177,983

311,975
1.327,774

170,702
673.473

177,300
6 73,676

147,376
542,085
12,682
73,639
742,092
1.446
135,866
1,503,620

46,463
101,520
*5,012
25,902
239,688
210
42,399
553,862

-14,702
162.561
6,053
31,806
131,707
215
49,388
510,399

___....
51,422
8,845
51,510
72,526
35,134
19,309
206,992

17,272
23,4-17
4,374
21,557
36,962
L0.4J7
7,682
104,802

24,383
3,771
20,319
23,031
9,919
9 801
107,2 ,2

155,508
13,259

25,595
4,20 7

15,738
2,952

3,135
17,211

1,443
5.841
76,430

__T __

7.762
9,603
5,085
26.7 25
89,070

11
t950
1 ,6 a
7,345
24,471

149
4,1 3 6
1,475
8,756
21,113

2,498,114
0,404,/73
129,509
1,220,970

1,567

1,135,600 1,089,91*2
3,717,8 W 3,688,814
43,383
45,8 77
523,062
518,337

1,838.121 1.091.40'
912,105
6,032,683 3,742,018 2,315,349
3,688
1, i*4
1,060
6,430
1,056
037
5 8,81/
22,702
23,734
2,666
555
357
121,372
36,951
50,335
1,3 49,05s
5oO,l«3
582,4 til
23,330
0*158
212,733

19,0.17
8,733
*728
6,838
2,033
52*106
’* 54,53 1

12,886
7,076
27,57 J
4. / JO

7,081
25,450
.* « ... . .

4,553
13,595
12,225
1,087

107,8*0
784,412
0.183
74,730

21 §*793
033,7-»0
0,-329
71,733

25,495
176,-151
320
12,343

11,034

7,896

5,053

[v o u
— G r o ss R a m t n q t . —

Road,

1890-7,

1806-6.

u a v

—Net Burnings.---1890-7.

1895-6,

S y ra cu se R ap. T rans. R y .—
Oct. i w Oeo. 3 1 ....’.
97,303
31,921
Third Ave.RR.lN.Y.I—
616,429
Oct- 1 to 060, 31.......
626,038
245,755
249,145Jiiu. 1 to
*2,0*tM90 2,615,152 1.187,740 1,158,169
rorouio Ry.............D e o .
93,532
88,189
51,38’
47,561
Ian, l to 0eo. 31-----9 3 7 ,1 7 3
992,800
489,412
502.800
Troy City—
118,910
Dot. l to Deo* 3 1 ....,
125,531
54,004
64,675
Jitu. 1 to Dee. 31. . . .
508,590
237.629
241,503
487,338
Twin City Rapid Tr.Deo.
171,523
96,347
164,418
91,700
Jan. 1 to Deo. 31....... 2,037,933 1,964.7,0 1,162,149 1,117,881
Union Street Ry. (N.Y.i—
11 *,998
Oct. 1 to Dec. 3 1. . . .
126.998
46,961
29,737
J no. 1 to Deo. 3 1 .,...
524,715
449,423
168,990219,767
Utioa Kelt Line St. Ry.—
Dot. i to Due. 31-----40,2*5
39,558
15,300
10,566
170,004
180,282
Jan. 1 to D e o . 31.—
66,515
54,986
W uteroury Tract'n., Jan.
21,456
19,071
9,320
7,968
Westohestar Electric (N.Y.)—
7.960
29,235
23,031
Out. 4 to 060. 31.......
4,570
Jau. 1 to Dee. 3L.......
129,315
114,816
40,568
30,726
39,119
20,335
iVilkesb.ik Wy. Vy, Tr.Jan.
33,858
20,916
1,402
Wiiuimgton Sc. Ry. .Sept.
3,458
3,092
1,32 9
40,109
Worcester Ooasoi___Oct.
39,016
7,348
11,279
14,291
5,153
Worcester & Sub.St..3epo.
a S et Saratoga here given are after deducting taxes,
b Net earnings here given are before dedu cting taxea.
c a ll renewals and b tterments charged to expenses,
d Deereuse in earnings due to factories being shut down,
e Uross earnings represent cash fares and do n o t include receipts
from s.,le o f power, adve; cisiug, die. In expenses, how ever, ainouut.
received from sale o f power am ounting to $1 u0 ,0 o0 p er year is creditedto the cost oi operating.
* Method of reporting expenses changed; each month now being
obarged with Its fad proportion of ail expenses.
t Expenses this year include 418,000 paid for insurance premiums
&o.
: Net earnings are after deducting taxes and lire aud aoeident insur­
ance.

Interest Charges and Surplus.—The following Stkbet
railways, in addition to their gross and net earnings given in
toe foregoing, also report charges for interest, &o., wuu tne
surplus or deflcic above or below those charges.
-I n te r ’!, rentals, i4r.—, • -H a l. o>/ N e t B a r n s .—
1896.
1897.
1896.
189 7.
*
#
$
$
1 8 ,222
1 7 ,8 0 3
3 ,3 3 5
2 ,5 1 6
D enver Con. Tram w . Jan.
2 ,0 3 3
1 ,5 1 2
1 ,6 7 9
2,.J83
Schu ylkill T ra c tio n . Jan.
3 ,1 3 0
4,3 3 8
vVaterb ury T rac. C o. .J a n .
3,1 5 8
6 ,1 6 2
R oads.

A N N U A L

R E P O R T S .

Annual Reports.—The following is an index to ail annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since t h e last editions
of t h e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This i n d e x d o e s not i n c l u d e r e p o r t s in t o - d a y ’s C h r o n i c l e .
R .U L B O A D 8 AND M lS C K L . C O ’ s .

Volume 6 4 —

Page,

R A I L R O A D AND M IS C E L . G O 'S ( 0 0 It) 5

Volume 61—

Page-

A la b a m a G r e a t S o u t h e r n ...............
»25* B d is o n E le c t . I ll, o f N , Y . . 2 3 1 ,3 2 7 , 3H2
Railroad............. ..............23t
Ala. N. O. A T ex
•x. P
~ a c . J~ u n e ............ 325 Georgia
~
’
A m e r i c a n D i s t - T e l ...............
327 G r e e n B a y & W e s t e r n ........................ 178
A m e r ic a n S o d a F o u n t a i n .................. 281 H u n t in g d o n X B r o a d T o p .................. 320
A m e r i c a n S t r a w B o a r d . ........................ 32 7 Illinois Steel................ .
327, 372
A tla n tic & P a cld c
........ . . . — . 17o L a k e B r ie & W e s t e r n .....................
37 i
B a lt im o r e C h e s a p e a k e A A t l a n t i c .. 23*A L e h ig h C o a l A N a v i g a t i o n . ............ 371
C e n tr a l R R . o f N e w J e r s e v . . . .
. . 283 M a r y la n d C o a l ...................... ........ .
372
C e n tr a l O n io n T e l e p . ( C h i c a g o ) . . . 323 N a t io n a l L e a d
.....................................87*2
C h____
ic a .g o. ......................................................
A A l t o n .........................357,, 370 N , Y . C h ic a g o & S t. L o u is ................. 371

i_Icago
Great Western,
near.. .. 325 i Nortliem Central ................... 371, 375
_ ...................
I
_____ half
___ ■.........

ilca g o & N o r t h - W u s t e m ....* .. . . 203
C h ic a g o P e o r ia & S t. L o u i s . . . . . 281,

Chicago St. P. M. & <tmaha........... 231
D e la w a r e & H u d s o n C a n a l . . . . 231,
D em w ara L a ck . A W e s t e r n .... .. .. .
.....
D ia m o n d M a tc h .................. .
B c iis e u iS le c t r ic 1.1L O i B r o o k l y n . . .

370
231
285
231

O reg on Im p ro v e m e n t C o .. . . . . . . . . .
P h ila d e lp h ia A B r i e ............... . 323,
P h ita . W ilm in g t o n & B a l t i m o r e . ..
P i t t s b u r g A L a k e B rie . . . . . . . . . . . .
T r e n t o n P o t t e r ie s . . . . . . . . . . . . . . . . . .

SSI
371
178
280

327
Western Maryland. . . . . . . . . . . . . . . . . . 178

St. Louis Vuuduiia A Terre Haute K ailroid .

CReport for the year ending October ST, 1896.)
The rep >rt says in piro:

Receivership o f Lessee Omnpung.— Vhe Torre Brants * Indianapolis
RR. Go., lessee of your property, in oonsequenoe of th« coitlausd de­
pression of ousinoss, became unable to meet its obllgatio-is to the
various leased linns, and on November 19, 1896, W »s p aced la the
hands of V. T. llalott. as receiver. The order appointing the reoeiver
proviued that, he should continue t > opera I - the various leased lines,
.vonrewa road among the number, and comply with the terms of the
various leusMs to the extent ui u he might u - able so to to, until mr..a ,.- .. ther orders of the > ourt. The rooelverohlo suit was brought by certain
bondholders
of the Terre Haute s Peori. RR On. Si foe then the trus­
9 ,9 -4 tees for bondholders
of other to wad linos -viz., Terre Haute it Logansp irtn .id l oi ana 6c Lake Mlohliuu railroad comoanlcs have lied bills
to foreom.e the mortgages scouring the bauds of those eomoanisa,
lton d> D itc .— O a J in. 1. 1sl)7, the first in im age bonds if your com­
1,596
pany, utnotttttlng to $1,899,000, matured. As your company was with­
out
me .ns to pay those bonds the Pennsylvania RR, Uo. ou behalf of
86.831 this guarantor?
took said boo ts and holds the same until some provis­
343,370 ion
oau be m ule for their unal payment.
fl u / o r a l C o n d itio n . —Tlicn; were laid in the track during tbSwoar
2,67s tans, equal to 19 miles of Si-pound steel; and U9 to is. or 10
J3.762 mil-8 of 60 and 70-pound repair steel. At theolossof the year 41
miles of the track were laid with so pound stool rads. 45 miles wltU
11,783 79 pound stool rails and Mio reminder. 7 i miles, with 6 i pod id steol
rails. Chore were also a .ed in repairs of the tcasK si,D U oros-t tics
and 1 1 mlliw of track wore re-ballasted with gravel. The increase in
41,603 maintenance f any aud structures audnunutoiian -o of equipment, as
recalled
by the leasee, was mainly due to the above expenditures.
211,374
Decreased Revenue -T he large decrease iu tonnage and reveuue is
692 mainly attributable to the general depr ,s » , t condition of the business
8,806 of the eouiHty during the past your, under which manufacturing und
commercial transactions were curtailed. (Of the t,221,055 tons car­
2,802 ried. in 1896,392,071 tons were bituminous eoal.l

THE CHRONICLE,

F e b r u a r y 27, 1897. j
E a rn in g s, E tc . —Operations,

earnings, &c., have been i

O p erations —

18 9 5 -9 0 .
158

18 9 4 -9 5 .
158

18 9 3 -9 4 .
158

18 9 2 -93.
158

3 6 6 ,0 6 2
3 5 9 ,0 1 1
4 4 6 ,0 1 3
P a ssen g er s carried..
3 7 4 .8 7 9
P a ssen g er m ilea g e .. 1 7 ,8 8 8 ,4 2 6 1 7 ,2 3 7 ,5 8 9 1 6 ,5 6 9 ,2 1 5 2 1 ,7 8 3 ,4 9 4
2*354 ots.
2*330 ots.
2 3 3 2 ots.
2*237 ots.
Av. ra* e p. p ass. p. m.
1 .3 7 0 ,9 1 6
1 ,2 4 3 ,0 3 5
1 ,5 2 8 ,6 7 2
F r e ig ’t (tons) m oved 1 ,2 2 1 ,0 5 5
F r e ig ’t (tons) rnil’ge. 1 0 8 ,5 0 7 ,9 8 9 1 2 6 ,3 3 6 .7 7 0 1 1 9 .4 1 8 ,5 2 4 1 3 0 ,4 0 2 ,0 6 7
0*856
c
ts.
0*838
ots.
0*842
ots.
0*871 ots.
Av rate p .to n p .m ile.
E a rn in g s —

P a s s e n g e r .................
F r e ig h t.........................
M ail, ex p ress, e t c . . .

4 2 1 ,1 8 2
9 2 9 ,2 4 5
2 6 3 ,2 1 1

4 1 0 ,3 0 5
1 ,0 5 3 ,5 2 1
2 6 7,123

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

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

T otal gro ss ea rn s.
Oner, e x p en ses —
M ain of w ay. & c ...
M ain, of eq u ip . . . .
C ond’in g tr a u s’tion .
G eneral e x p e n s e s ..

1 ,6 1 3 ,6 3 8

1 ,7 3 5 ,9 4 9

1 ,6 4 9 ,1 1 8

1 ,8 8 4 ,7 4 5

2 9 4 ,3 1 5
24»»,569
8 5 2 ,7 0 3
3 9 ,2 3 8

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

j
|
j- 1 ,2 7 4 ,6 7 5
j

T o ta l oper. e x p ..
N e t e a r n in g s ..............

1 ,4 2 6 ,8 2 7
1 8 6 ,8 1 1

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

1 ,2 7 4 ,6 7 5
3 7 4 ,4 3 3

R eceipts—

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

T ot. disbursem ’s.
B a la n ce, s u r p lu s * ...

1896.
Miles operated (a v e ra g e )...................... .
874*8
Passengers ca rried ..................................
7 8 8 .2 2 2
Passengers carried one m ile ................. 3 3 ,2 6 2 .0 6 8
Tons of freight m oved ......... ............ .
1 ,4 7 8 .3 2 6
Tons of freight m oved one m ile ............ 1 7 9 ,4 6 3 ,2 6 1
E a rn in g s —
$
Passenger earnin gs............................ .
7 7 6 .4 7 2
Fr ight earnings............................. ..........
2 ,2 6 0 ,3 2 9
M iscella n eou s...........................................
2 2 7 ,5 1 9
Total gross

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

3 ,3 9 3 ,3 7 3

1 ,3 4 7 ,7 9 4

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

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

1 ,3 4 7 ,7 9 4
5 3 6 ,9 5 1

Total operating ex pen ses...............
Net earnings .............................................
Other in c o m e .............................................

2 ,5 2 7 ,1 6 5
7 3 7 .1 5 5
17 0 ,1 9 8

2 ,4 9 0 ,8 9 2
9 0 2 ,4 8 1
1 6 8 ,1 8 6

9 0 7 ,3 5 3

1 ,0 7 0 ,6 6 7

7 5 9 ,4 4 0

7 5 9 ,4 4 0
2,325
1 2 2 ,4 0 9

1 8 9 2 -93.
$
5 6 5 ,4 2 4

Total net in c o m e ...............................

1394-95.
$
5 2 0 ,7 8 5

4 8 4 ,1 9 7

5 2 0 ,7 8 5

4 9 4 ,7 3 5

5 6 5 ,4 2 4

Interest on bon ds.....................................
Interest on d e b t ......................................
Taxes............ ..............................................
M iscellaneous ................ .........................

3 1 4 ,9 3 0
6 1 ,4 6 2
21,221

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

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

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

8urplu s o v er ch arges
D ivid en d s p a i d ..........

4 0 3 ,2 8 8
1 1 1 7 ,497

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

4 1 3 ,5 5 8
1 5 1 ,8 6 6

—V . 63 , p. 153.

3 9 7 ,6 1 3
t8 0 ,5 8 4

* T he profit to le ss e e w as in 1 8 9 1 -9 2 , $ 3 7 ,5 9 8 ; lo ss in 1 8 9 2 -9 3 . $ 2 8 ,4 7 2 ; 18-*3-^4. * 1 2 0 .2 9 2 ; 1894-95, * 2 1 7 .9 0 2 ; in 18*5-96. * 2 9 7 ,2 7 9 .
t D ivid en d No. 9 on preferred sto o k (for 1 888) w as paid in 1 8 9 5 . and
d iv id en d No. 10 (for 1887) w as paid in 1 8 9 6 , le a v in g a c cu m u la ted s u r ­
p lu s Oot. 3 1 ,1 8 9 6 , $ 4 3 2 ,8 4 6 .

C harges—

B a la n c e for y e a r .

1 2 0 ,2 0 1
1 6 ,8 2 1
8 9 6 ,4 6 2
1 0 ,8 9 1

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

Sur. 1 0 ,891

D efloit 1 ,7 6 5

C h a r le s t o n & S a v a n n a h R y .

( R e p o r t f o r the y ea r end ing J u n e SO, 1 8 9 6 .)

The C h r o n i c l e h a s b e e n favored with the following state­
ment of earnings for the year ending June 30. 1896:

G E N E R A L ACC OU N T O CT. 3 1 , 1 8 9 6 .

D r.

M iles o p erated (a v e r a g e )..........................................

O r.

R oad aDd e q u ip m e n t.. .$ 8 ,7 0 9 ,8 0 2
T. H .& I n d . RR. Co . . .
1 1 6 ,9 8 0
Penn . C om pany...............
7 3 ,4 3 2
C ash for in t e r e s t.............
9 7 ,2 6 5
D ue on fr e ig h t c a r s ___
5 3 ,1 5 6

Com m on s to c k .................. $ 2 ,3 7 9 ,3 5 8
P referred s to o k ................ 1 .5 4 4 ,7 0 0
F irst m ort. b o n d s .......... 1,8 99,000
Second m ort. b o n d s . . . 2 ,6 0 0 ,0 0 0
C oupons p a st d u e . ........
6 ,2 6 5
l e t due N ov. 1, 1 8 9 6 ...
9 1 ,0 0 0
In t. a ccru ed on b o n d s ..
4 4 ,3 1 0
L ia b ility fo r fr’g h t cars
5 3 ,1 5 6
In c o m e a c o o u n t ............
4 3 2 ,8 4 6

T o t a l............................ $ 9 ,0 5 0 ,6 3 5
—V . 63 , p. 1011.

1895.
874*8
7 9 9 ,8 9 4
3 4 ,9 6 3 .3 6 9
1 ,7 1 2 ,2 3 9
1 8 3 ,6 7 7 ,0 9 6
$
8 0 0 ,6 4 3
2 ,3 5 8 ,2 7 6
2 3 4 ,4 5 4

3 ,2 6 4 ,3 2 0

O p erating E xp en ses—

18 9 5 -9 6 .
$
4 8 4 ,0 9 2
105

D isb u rsem en ts —

I n te r e st on debt. . . .
T a x e s ...........................
G en era l, <feo..............

18 9 3 -9 4 .
'$
4 9 4 ,7 3 5

The C h r o n i c l e has been favored with the following state­
ment of earnings for the year ending June 30, 1396 :

TraosDortation..........................................
M aintenance of w a y ................................
M otive p o w e r .... ....................................
General e x p e n s e s .............. ......................

INCO M E ACC OU N T O F ST. L O U IS Y A N . <fe T E R B E H A U T E CO .

Rental,3<> p.c. ea rn s.
O ther r e c e ip ts ............

S a v a n n a h F lo r id a & W e ster n R y .

( R e p o rt f o r the y e a r en d in g J u n e SO, 18 96 .)

O P E R A T IO N S AN D F IS C A L RE SU L TS— LE SSE E ’ S R E P O R T .

M iles o p e r a t e d ........

421

T o ta l..............................$ 9 ,0 5 0 ,6 3 5

Summit Branch Railroad.
C R eport f o r y e a r end ing D ec. 31, 18 96 .)

E a rn in g s —

18 9 6 .
126-75

1895.
126-75

P a ssen g er........................................................................... $ 1 8 3 ,3 4 5
F reigh t ...........................................
2 8 5 ,1 5 8
M iscellan eou s.................................................................
6 7 ,7 2 6

$ 1 9 6 ,3 2 9
2 6 8 ,5 2 9
8 6 ,9 0 8

T otal gross ea rn in g s.
O perating expen ses —
T ran sp ortation ................... .
M aintenance o f w a y , etc
M otive p ow er............. .........
G eneral e x p e n s e s ........ .

$ 5 3 6 ,2 2 9

$ 5 5 1 ,7 6 6

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

$ 2 7 8 ,3 0 3
8 5 .9 9 1
4 9 ,455
2 5 ,5 3 4

T otal o p eratin g e x p e n s e s .................................... $ 4 2 9 ,5 9 0
N e t e arn in gs ................................................................... $ 1 0 6 ,6 9 9
O ther i n c o m e ................
7,7 5 3

$ 4 3 9 ,2 8 3
$ 1 1 2 ,4 8 3
9 ,9 0 2

T otal n e t In com e................................................... $ 1 1 4 ,4 5 2

Vice-President Isaac J. Wistar says in substance :

$ 1 2 2 ,3 8 5

C harges —

G eneral R esu lts —D uring 1 8 9 6 th ere w ere 2 9 0 ,6 7 9 to n s o f co a l p r o ­
d u ced aDd sh ip p ed a s a g a in st 3 4 7 , 471 to n s in 18 9 5 , a d e c re a se in pro­
d u ction o f 5 6 .7 7 4 to n s, or Mi 34 per c en t
T he la rg e a m o u n t o f $ 9 8 ,7 5 5 has b e e n c h a rg ed in th e m in in g e x ­
p e n se s for reb u ild in g th e o u ly e x is tin g breaker and o p e n in g new ooal.
T h is exp e n d itu r e w as n e c essa ry sin ce ia c a se of th e d e str u c tio n f th e
breaker or th e e x h a u stio n o f a c o e s s lb e co a l, a ll p ro d u ctiv e o o e r a tio n s
m u st cease, and th e m in es, both o f th e Sum m ij B ranch a n d L v k en s
c o m p a n ies.fille d w ith w a te r ; a o a ta stro u h e w h ich w o u ld v ir tu a lly
d estroy th e property.
R eo rg a n iza tion .— i'o a ssu re c o n tin u ed p rodu ction o f oo*»l w ill require
th e e x p e n d ltu e o f q u ite $ l o 0 , 0 0 o, w hich ca n n o t p robab ly be o b ta in ed
in th e p resen t condition o f th e oo m o a n y w i'h o u t fo reclo su re and reor­
g a n iza tio n w hich m ay be L j u n o u s ly d eferred by litig a tio n . Y our
m an a g em en t is a d v ised th a t a co m m ittee, rep re sen tin g both bond and
stock h old ers h a v e m ade a th orou gh ex a m in a tio n o f th e property and
prepared a Dlan o f reo rg a n iza tio n , w hich it w as a ssu r e d by nearly a ll
th e bondholders and a large m ajority o f sto ck h o ld ers w ou ld receive
th e ir con currence. [C om pletion o f th e reorganiz itio n h a s be«a d ela y ed
th rou gh th e ap p lication for a reoeiver an d an acoou itin g . —E o s ]
D irectors. —The fo llo w in g d irecto rs w ere e le o te d : Frank T hom son,
Jo h n P. Green, Sam uel Rea. N. P arker Sh ortrid ge, Am *s R. L ittle,
G eorge W ood. W illi *m H . B arn es, A. J. C assa tt, W illiam H . W est,
G eorge F. S w ift, e a ch r ec e iv in g 4 4 ,1 0 1 v o te s.

In terest on b o n d s.
...............................................$ 1 0 3 ,3 9 0
T a x e s .................................................. ...........................
20,0.37

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

T otal .........................................................................$ 1 2 3 ,4 2 7
$ 1 6 4 ,6 4 6
B alance for y e a r ...................................................(def.) $ 3 ,9 7 5 (def.) $ 4 2 ,2 6 1
- V . 58 , p. 81.

Brooklyn Wharf and Warehouse Company.
C R eport f o r the y e a r en d in g J a n . 31, 1 8 9 7 .)

President Thomas A. McIntyre in the report says:
“ The business of the company at the commencement of its
third year is in a more satisfactory condition than at any
period since the organization, of the company, as we have at
this time 30 per cent more general merchandise and 50 per
cent more grain in store than we had at the commencement
of the second year’s business. The first section of the rail­
road terminal system, which lies betweea Fulton and South
ferries, is completed, and the third section, whicn is located
at Atlantic Basin, is nearly finished. We have operated the
railroad on the first section onlv to a small extent, for the
E a rn in g s , E tc . —Results for three years were as below given: reason that the necessary details and equipments are not yet
full? completed, but the results have, even with thii limited
1896.
1895.
1894.
operation, demonstrated to the management that these facili­
G ross e arn in g s from sa le o f
c o a l............... ............................
$ )5 0 ,2 8 5
$ 1 ,1 3 8 ,5 0 3
$ 9 6 5 ,7 2 0 ties will be of material advantage in retaining and increasing
O perating expen ses —
the business of the company. While constructing the rail­
C ost o f m in in g ..........................
$ 6 6 1 ,2 3 7
$ 315,604
$ 5 9 5 ,6 5 8
F r e ig h t paid..............................
3 3 9 ,7 8 4
3 3 9 ,5 3 4 road a large part of the bulkheads has been virtually re­
4 1 4 ,1 3 8
G en era l...................................... .
4 7 ,3 4 4
4 7 ,4 4 5 built. The company acquired the Robinson property during
6 0 ,0 1 3
the last six months, which, with the improvements made
T otal...................................... $ 1 ,0 4 8 ,3 0 5
$ 9 8 2 ,6 3 7
$ 1 ,0 8 9 ,7 5 5
during the year, will make it possible for us to give better
N et earn ings ........................... lo ss$ 9 8 ,0 8 0
lo s s$ 1 6 ,9 1 7 facilities for handling the business more economically and
$ 4 3 ,7 4 3
R e ce ip ts from o th er sou rces
12.7 7 1
14 ,133
2 5 ,4 7 9
satisfactorily, both to ourselves and to our customers.”
T otal n e t in c o m e .............. lo ss$ 7 2 ,6 0 1

$ 0 1 ,5 1 9

lo ss $ 2 ,7 8 4

I n te r e s t.......................................
8 ta te ta x on sto ck and bonds

$ 7 0 ,2 5 4
3.6 6 3

$ 7 5 ,4 9 5
3 ,7 1 4

$ 7 6 ,1 6 0
3 ,7 8 0

T o ta l.....................................
B alance, d e fic it.......................
Profit of L ykens V al Co’l Co.

$ 7 9 ,9 2 2
$ 5 2 ,5 2 3
$ 2 6 ,1 3 7

$ 7 9 ,2 0 9
$ 1 7 ,6 9 0
lo ss $ 3 9 ,7 1 1

$ 7 9 ,9 4 0
$ 8 2 ,7 2 4
lo ss $ 1 3 ,3 2 1

D ed u ct—

G E N E R A L B ALAN CE SH E E T DEC. 3 1 , 1 8 9 6 .

A s s e ts —

Cost of RR„ e tc ................ $ 2 ,5 9 8 ,2 3 5
L ykens Val. s ec u r ities 1 ,3 4 1 ,4 0 7
D u e from sa les a g e n ts.
7 9 ,1 0 1
L ykens Val. C o...............
2 9 ,7 9 1
T ru stees sinkin g fu n d ..
ft, z >3
M iscellaneous...................
1 818
.....................................
1«!902
B al. to profit and lo s s .. 1 ,5 6 0 ,9 6 3
.............................* 3 ,8 3 5 ,6 6 0
—V . 63 , p. 1065.

L ia b ilities —

P R O F IT AN D LOSS ACC O U N T F O R Y E A R E N D IN G J A N . 3 1 .

18 9 7 .
G ross receip ts from storage, m erch an d ise and
grain, w h arfage, ren ts, e t o ......................... ...* 1 ,8 5 9 ,1 9 0
E x p e n ses, in c lu d in g r en ts, labor, in su r a n c e ,
coal. ga s. rep airs, odloe sa la ries, ta x e s ,
dredging, sta tio n er y , an d a ll o th er gen eral
e x p e n ses, in clu d in g d ep reciation of tools
and m a ch in ery, e t c . . . ...................
8 1 8 ,4 3 1
N e t e a r n in g s..
I n te r e s t on hoods.

$ 1 ,0 1 0 ,7 5 6
8 3 7 ,5 0 0

1896.
$ 1 ,6 7 5 ,6 8 7

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

C apital s t o o k . .. ...............$ 4 ,0 1 0 ,3 5 0
F u n d ed d eb t 7 s............... 1 ,0 7 5 ,0 0 0
$ 2 2 1 ,1 6 7
B alan oe, su rp lu s fo r y e a r .................................. $L 73,256
Pay rolls and vouchers.
8 3 ,7 2 8
U npaid d iv id e n d s................................. 1,4 1 3The balance sheet as of January 3t shows:
In te r est on b o n d s ................................. 1 13,855
1896.
A ssets—
1897.
B ills p a y a b le ..................
121,041 Cash ................................................................................
$ 2 8 1 ,0 7 7
$ 1 6 5 ,4 2 7
Sin k in g fo n d ...................
2 3 0 ,2 7 3 O p e n a o o o u n ts............................................................. 2 ,5 1 1 ,0 8 2
1 ,0 0 0 .3 4 7
3 3 ,9 1 2
F ix tu r e s, e to ....................................................
4 1 ,2 5 1
2 8 .0 1 9 ,0 0 0
R eal e sta te , p lan t, e t o ...............
2 9 ,5 6 4 ,0 0 0
T o ta l.............................$ 5 ,0 3 5 ,6 6 0
$ 3 2 ,3 1 3 ,7 6 0 $ 2 9 ,3 4 0 ,3 6 6
T otals

TH E

4252
IS 97,

CNpris m #*, tm %*>

•3,083,379

»l»li

VftfMli.

17.S0O.CO0
* > o o .c o o
5 .0 0 0 ,0 6 0
5 ,0 0 *.000
2 8 1 ,4 3 1

C H R O N IC L E .

| V o l , LX I V .

1806.
$0U >.193
1 0 ,0 0 0 ,0 0 0
2,*00,000
5 .0 0 0 ,0 0 0
5.000,000
221,107

Central Ohio HR.— Baltimore & Ohio RB .—Address toCentral Ohio Stockholders -The Directors of the Central Ohio

1894.

Flrst-Tbe demand for the ritorn of tUa property utxl Its restora­
tion woo d menu tli«dvstroetiOD otlho tease.
Second - The receivers caunot bo compelled to adopt t.ho lo i»e.
Tklrtl—Evoo if there wore net earnings over and above tlia interest
of 11)0 mortgsigo bonds of the company, ibo board emild not at present
declare n iltvideod on ilia a:ock, for ike reason that the Sandusky
Mansfield A- N< w eek KR. Go. and lift) ties Interested In lire Columbus
&. Cine tonal! Midland RE. Co. have idyen notice that they, a- credi­
tors of 1ns Central Ohio RR, Co., claim any such net earnings.
Fourth—At. preset t Hie revolvers have expressed the intention of
paying the Interest upon ibo mongagn bonds of the Central Ohio RR.,
in order to prevent the disintegration of the Baltimore & Ohio system,
even if the cartings of tlio line in any one half year be out suiticient
for rile i urpose, th e receivers ore at present forwa-ding over ilie Cen­
tral Ohio RR. a large portion of the thtongU traffic to and from tha
Woo*, which it is perfectly feaslb’e for them 1 0 send over oilier portionsof their system. They are also doing all possible, so far as we can
see, to prevent the obligations of ihe Sandusky Mansfield A Newark
lease from becoming a burden upon the Central 0 lii>, especially by
sending over ihnt toad traffic it would net receive excel t as apart
of the Balumote <fc Ohio sj stem.
Whenever it becomes necessary for tha board to act through litiga­
tion or otherwise, the moat vigort us action will bo taken, but at pres
ent the wise course seems to be to
prevent any hoeiile pro­
ceedings. the board has a firm conviction In the ultimate value
of the property, lint the reorganization of a great system of railroads
requires lime. The directors believe the lease to the Baltimore & Ohio
Kit. is a valuable one to the Central Ohio (Jo., and they have been
oartful to do nothing to jeopardize (he rights under 'hat lease.

RR. have submitted an address to the Btockholdera, which is
in the nature of a reply to the circular sent out by the stock­
holders’ committee—-see C h r o n ic l e of January 10. 1897, page
, ,«• «***
188, The address says it is a mistake to suppose that the
B. & 0 . reci ivers are' operating the Central Ohio under the
,f32.:U S,780 329,340,806
Tet*I».
lease. For the time being the lease is suspended and they are
-V . 63, p.
operating the road under the order of the United States Court
in accordance with which the income of the road is kept separ­
United States Leather Company.
ate and the net earnings are applied, first, to the payment of
V ;w r f f o r y e a r e n d i n g D e c , ,? i, 1 S 06 .J
interest on the bonda and, second, any balance is held for
T h e r* p o rt <j( t h e U i i t t t i i S l a t e s L e u h e r C o m p a n y f o r t h e account of the Central Ohio RR. Co.
y* ar 1HM f a r n ir h e e lit t le ,1 ' t n i l d i l i i f o n n i l i o i i , c i n s is t in g
The address says in conclusion :
m>nt o f t h e a s 'e t n a n d lia b ilit ie s , w h ic h w e
merety of a *1
Before ho stockholders o mimit themselves t,<>the adaption of hoscom fare as fo
tlb measnrrs shey should oarefttPy consider ibe following facts;
JP't't

„ Am .. .
r, a

d

lhttfoTf*A

1895.
$
1 .0 0 0 .1 5 9
3 .6 3 7 ,1 * 4
8 6 ,7 0 1
15.3S3
6 5 ,4 5 6
1 1 ,1 7 8 ,3 7 4
1 ,4 -5 ,9 4 8
‘.7 6 ,3 5 1
1 5 ,4 0 5 .5 0 a
9 9 ,4 5 8

1800.
$
Mmm—
2 ,(> 9 '.l >4
Gm b ..- ...
Pisr, t»y
.......... . 3 ,1 7 9 .0 8 3
1 1 5 .4 1 1
HI O fr e r d
1 9 ,2 4 3
B m iM fui -d ebt*, v a l u e ................
•torn
Ollffc?
3 1 ,0 6 5
W & m f*«<j.lo M b c r
- **..-.**.**. 7 ,8 3 5 ,3 8 3
............ 1 .3 2 3 ,1 5 0
li m k -‘ ids tarn
£ 3 8 ,3 3 2
l»*rson»! prop , etc..
Advtue*-* ?o o fb er ©dinpaufe*- 1 5 .5 0 6 ,3 5 8
... . . . . . .
9 9 .1 5 0
U&l'mm4 isom U
o f oth er c o s ..
B ir t;i. * s
T & nm ry p:a.Cii«,ete. ... ..*« - 6 ,3 1 4 ,1 9 2
SUKlrft o f o ilie r com pan ies. .. 3 5 ,4 3 8 .1 2 3
T?£a*ti*y « K c k .___ . . . ___ . . . . .
l r 0 ,0 1 0
Q ocd will * o f© ,* .* .,.. . . . . . . . . . . . 6 2 ,6 6 1 ,2 5 9
T ots!*.................................... 131,757,191

«

2 ,6 4 4 ,8 7 8
3 .6 1 6 ,5 6 6
3 0 ,2 8 0
C,564,11 4
1 ,8 4 1 ,6 6 9
137,9^9
1 2 ,1 8 0 ,9 6 5

6 .1 5 9 .8 0 9
3 5 ,2 6 1 ,0 5 7
1 0 0 .0 0 0
6 2 .4 7 5 ,f 07

6 9 6 ,9f 8
5 ,8 5 9 ,2 9 1
2 8 ,5 7 5 ,9 4 5
1 0 0 ,000
5 5 ,3 1 5 ,2 9 8

136,576,721

117,556,993

65,070
2,991
123,100
261,580

1*35^659
588,394

L ia b ilities —

56,220
Armitrt fewressf, etc................
3.003
Unpaid dividend*......................
132,306
Current oecoows,et*.......... .
Aee*i»tai,ccs ue hide im ps.___
For exchange, not yet d u o .....
592,(582
Bill' payable..............................
............
B-»r U. I, b-s In treasury............
5,280,000
Preferred gteolt...................
62.1H .100
Common »toetr........................... 67,711,100
Bteeh to bo Issued......................
313
Pm plus ....................................... 3,809,962
b'etprolHf...................................
............
Total...................................... 131,757,191
T i e "q u ic k " assets are as follow s:
1896.
$
C a s h ........ ........................
2,091,184
Bill* rec-tvablfl ........
l i s .lll
D w by <-u- turner*.................... 3,179,083
B
ii ,1 a iib e r ...................
7,335,333
L l> 5 i 1 '
i sir 0 1 u r t . \ .
1 .5 8 9 .6 1 0
Ad vac c<'.« to other.o napanles. 15,506,358
31,085
Sundry debtors................
Doubtful dotes, raiao...............
19,213
itailrtm l botids .......................
99,158

3,000,000
5,520,000
01,621,000
62,221,900
607,213
3,152,961

5,760,000
52.301.500
52.961.500
4,900,185
786,756

136,576,721

117,556,993

Gareral expenses............
Conducting transportat’n
Maintenance of equipm't.
Maintenance of way.......

$57,142
424,252
208,250
152,372

Net earrings........ .............
95,085
Construction.....................
11,809
T otal gross e a r iiiD g s ...$ 9 3 7 ,1 0 1 Taxes..................................
29,675
2,631,878
The receivers also stats that. tUere was due to the Central Ohio
30,230
Railroad
Company,
as
reorganize!,
under
the
terms
of
the
lease,
on
3,616,566
6,564,10 1 March 1,1890, the sum of $867, i n , and that u;.ion the basts of 35 per
cent
of
the
gross
earnings,
the
books
i-f
tho
company
(not
i
f
tha
1,841,689
17,139,965 receivers) showed lhat there was due to the Central Ohio RR. Oo. Oot.
31, 1896, ihe sum of $ 7 7 5 ,2 9 5 .-V. 64. p. 130, 330.

Central Pacific B R .—Commission B ill— A press dispatch,
from Washington says:

IN V E ST M E N T

P b tn x , P a y m en t o f

T on u s g o r o v o n u o ................ $ 5 8 9 ,2 8 9
Passenger revenue........... 272,503
Mall revenue..................... 32,498
Express revenue.............. 2 ’ ,781
Miscellaneous...................
15,030

$

26,977,462

NEW S.

K f o n j m i z u t n .t i H , E tc . - L a t e s t D i t a a s t o
g a n iz 'd i m

Earnings .—The earnings for the first nine months of the
receivership, viz , March 1, 1896, to Nov. 30, 1896, w ere:

1894,

32,500,560

GENERAL

63,000

O verd u e

D e fa u lts , R e o r ­
C o u p o n s , S ic . — A ll

fairy- o f th is n a u r c a p p e a r in g s i n c e t h e o u b lic a t io n o f t h e l a s t
o f u>< I s v i i s r o f t s ’ a n d S t r b e t R a i l w a y S u p p l e m e n t s
m a y y e r e a d ily fo u n d r.y tu e a n s o f trie f o l l o w i n g in d e x .
P h is
in d e x dots* n o t in c lu d e m a t t e r in t o - d a y ’s C h r o n i c l e .
RAII-MOAIiS A.Vll M isctl. Co, 8.
Vol Uftot
P age.

R AILROADAerDMlSCEE. Co’S, { O on
V o lu m e 6*4—
Pan
j O ree. Short U m & V. X ..cm tp . 1Q1,
B, h *■),—PlH*, k
c&up. gj-fcs i , *S*h new co. 834: sate confirmed, if!
A - M * » t w r c<>. .. m w , m $ j I ©orta Beeaiar & IsraBgv.. ./©red. a:
Cm*
>%T « 4 k ln V i a . ,. * , f m m , -18> I
Do
do
, ... coup. 2!
i 'm i m i i i h m ..
m m . WO
PhH. Read, & Now Eng.. rf.o;ro.lM, Si
GmtUm i D rm tm i.,,,.., ,
m a |Quincy Omaha & K . 0 ............. sale. 1!
Vhm.u-t A
. . . . ......... .18©
St. Clair Mailison & StX. Bel t. rem.>r.
.H
y . - u r e iRy.
v * . Transfer..
A 1r t u a i l j
" l 4itauhnn.fil
V * :Sfar‘
J4J
ji Short>• jRoute
fo n d *
9R
S
IE -•
d is c h u r $ c r t. £3.1 Mjuth Carolina i.»i.n_
Midland... . re e v \ i
i ’ ’* 4 ,W st# Co....., fm tp, 2h?
Central............. lorecl. s
Ft, Wnr a Rift UrmOm.. Stefault. 287 Teonosoe
I'.-rre H»ut« A LoaAnsport...coup. '■
0r®*ctjw, AmUi,
k W .......... Ttcw . 287 T o l e d o SI. [ , . ,t IC. t ................... lu ll. :
Ditic ft yck k M phtis. . . . . . . rroro. 2&I Union
!'ilL’l'lC......fa r 'd , u jr t r o ,., ! ;
Unat. In
‘
.....
*
SM
j-'o
,.K . P . eonsolj.OSS, :
UfttDt*. ss.
k <;h.M fc'z% 4; coopl. -m
l'<>
, slnklnsfm nisu.ptan. :
IM
&Q
M im t u l dmt*
. S78 Wheeling A Lake R.. ..rBcerp,; com. ]
MrnmtM* k Chm
....... tnff. m
Do
do
ix t. & I b a r . d :
M m fM k k
m ,ftf*P
tfj.
Do
do ... stock n,m 783, S
& D-tlim m u t o int,
r*<v tlf*,
SrRBf.T H.U1.WAVS.
4>bU>
.......... tamtr.VU*.
volume 01—
rat
Brigantine Transit,
....... u>u, ■
.

\n-l In ( i x an) Rapid Transit Do,—Receiver Appointed
On upjdio.tt.,0 of the Intern .tlonal Trust Comaany of Ifasten
' ' DMItl Jul « Ansttn.
.:t , F O, 28,appointed ira II. Bvans rectiv.
of tut comi any.
H a i t i m u r e A O h io H U , - P a r c h ,,s c o f I i a i h , - T h e n e n i v e

bare potc-M -d 5S,009 tona of 89-lb. stm 1 ralh at a coit <
1{ l9 ^
that by f„ll
traJ
bYtwrcii BaUmoor., and the Ohio River will practical
befftUr I-, re laid! with new ateel rails »nd new oak ties, f
fast ft* the old rail i* taken up it will be re-Kid on the li-sa in
|>or aiit bre,nrm «<, or used for side-tracks.—V, 61, p , 33rt.
f'a m u i Sly 0r Frankfort, K j.—Foreolf>mre sH e Mi r,
' J I T ; fw -.-c .w u r e s a le o f th e . p r o p e r ty la a d v e r t is e d fi
M a r c h 2 3 , t h e u p * e t p r ic e b e i n g $ !2 ,C 0 0 ,

Tha Commission Bill to settle the indebtedness of all ilie bond-aided
railways to the Governuionr, except the Onion Pacific R iad, against
which foreclosure proceedings' have already been instituted, is dead
for this session. It will not be given a day in the House. Itthesimilar
btli now on the Senate calendar should pass the Senate, the Senate bill
might be considered by the House, but this contingency is outaitlaof
probability. - Y. 61, p. 286.

Chesapeake Ohio & Southwestern RR —Illin ois Central
R R .—Equipment Ordered Sold . —:At Louisville, Feb. SO, Judge
Lurton, in the United States Circuit Court, ordered the sate
of the equipment securing the equipment binds of the old
Chesapeake Ohio & Southwestern to be sold at auction to sat­
isfy a judgment of $800,011 entered in favor of the mort­
gage trustee. The Illinois Central hoi ii nearly all the bonds,
and by the sale will perfect its title to the equipment, the
road itself being already owned by it.—V. 64, p. 283.
Chicago & Eastern Illin o is RR .-P urchase Ratified.—
New Bonds.—The stockholders on Feb. 7 ratified the purchase
of the Chicago Paducah & Memphis RR. On account of the
C. P, & M , which is 100 miles in length, and the extension
of 24 miles which has been built to connect it with the Chic­
ago & Bistern Illinois, the latter company will issue its genrral consolidated mortgage bonds of 1887 at the rate of
$18,000 per mile, or in all $3,210,000.—V. 63, p, 1158.
Chicago Luke Shore & Eastern RR.—Consolidation.—The
Calumet & Blue H and Ry. of Chicago and the Chicago Lake
Shore & Eastern RR. have been cirsolidafeed as the Chicago
Lake Shore & Eastern Ry, Co. The company’s capital
stock has been increased to $250,000 and an enlargement of
the objects of incorporaiion permits the extending of the road
to include territory from the north boundary of Lake County;
alto to points in Illinois, Indiana and Wisconsin. New bonus
are proposed.—V. 68, p, 1114.
Citizens’ Traction Co., San IH.-go, Cal . —Receiver A p ­
pointed .—A dispatch front San Diego, Feb. 9, says that on
application of the Union Saving & Trust Company of Cincin­
nati the CitizbBb’ Traction Co. has been placed in the hands of
A. D. Noman as receiver. The Traction Company is succes­
sor of the San Diego Cable Oo. foreclosed in April. 1895.
Col Bin hr s Hocking Valley & Toledo RR .—Receiver A p­
pointed.— The company having failed to raise* the $221,000
due for interest .March 1 was on Thursday, with the consent
o f all parties concerned, placed io the bauds of Vice-Presi­
dent Montserrat as r<c- iver. The oppoiutment was made,
by Judge Sage of the United States Circuit Court at Colum­
bus, on tie application of the Central Trust Company, trus~

THE CHRONICLE,

F e b b u 4RY 27, 1897.]

423

Dninth (las A Water Co.—D isch a rge o f R eceiv er .—Treasurer
A. W. Hartman writes us as follows: “ The application for
a receiver for the company was granted by Judge Lochran on
ex parte application of attorneys claiming to represent a ma­
jority of consolidated bonds. The receiver was obtained by
concealment of some of the provisions of the mortgage. A
hearing being granted and proof being produced the Judge
discharged the receiver. All interest and the taxes not in
litigation have been paid. The company is not in the hands
of a receiver and no reorganization plan has been formu­
lated.”—V. 64, p. 237.
East Tennessee Land.— O rdered Bold .—This property, con­
sisting, it is stated, of 100,000 acres of land and city property
at Harriman, Tenn., has been ordered to be sold under fore­
closure of the $1,001,000 mortgage to the Central Trust Co.
and the purchase money mortgages.—V. 61, p. 1155.
Englewood A Chicago Electric Street Ry.—R eceiv er#
C ertificates .—Receiver Condict has obtained permission to
issue $325,000 receivers’ certificates to paT off liens and to
In v ie w o f th e a p p o in tm en t o f a rec e iv e r a n d th e d e fa u lt a d m itted
complete the road, $60,000 to be Series A and $265,000 Series
b y th e com p a n y to be in e v ita b le In p a y m en t o f ooupons due M arch 1,
1 8 9 7 , on its five per o e n t b o n d s, hold ers o f a ll c la sse s o f bon ds o f said B. -V . 64, p. 330.
com p an y are in v ite d to d e p o sit sa m e w ith u s for m u tu a l p ro tectio n .
Evansville A Richmond RR.— F oreclosu re Sale M arch S3.—
A. su ita b le a g r ee m e n t lo o k in g to th e reo rg a n iza tio n o f th e p rop erty,
if n ecessary , w ill be prepared a n d su b m itted to a ll d ep o sito rs for a p ­ The date for the sale of this road under the foreclosure of the
p roval. P en d in g a d e term in a tio n in th is resp ect, w e are prepared to general mortgage has been fixed for March 23J. The bonds
a d v a n ce $ 2 5 on each $ 1 ,0 0 0 5 per c en t bond d ep o sited w ith us.
N e g o tia b le r ec e ip ts w ill be issu ed for b on ds d e p o site d , for w h ic h in have been mostly exchanged for Evansville & Terre Haute
-due cou rse a q u o ta tio n on th e N e w Y ork Stock E x c h a n g e w ill be preferred stock.—V. 62, p. 413.
a sk e d .
J P . Mu n o an A Co.
Hrand Trank Ry. (Canada)—E a rn in g s .—Earnings for the
Official S tatem en t as to C om pan y's E m ba rrassment. -Sam­ half-year and the twelve months ending Dec. 31 have been
uel D. Davis, of Samuel D. Davis & Co , fiscal agents of the reported as follows, the results being given in sterling:
Hocking Valley, Thursday issued the following statement:
6 m os.
Gross
B et
In terest,
B a la n ce,
* A dvances

tee under the 5 p. c. consol, mortgage of 188', interest on ths
$3,000,000 ou’standing being due March 1. The floating debt
amounts to only about $275,000, and the road is in good physi­
cal condition, but the company’s credit was seriously im­
paired by the bituminous coal war and the fi lancial embar­
rassment of several of its competitors among the coil-carrying roads. As the roads are now doing a good business
under the recent agreement, it is hoped that a speedy re ad
justment of the company’s difficulties may be effected.
R eo rg a n iza tio n —P u rch a se o f C o u p o n s.—The reorganiza­
tion of the company’s affairs has been undertaken by J. P.
Morgan & Co., who will purchase at their face value the con­
solidated mortgage coupons due March 1. Mr. Morgan is
reported to be one of the largest individual holders of the
company’s consol, fives and preferred stock. Pending the prepara'ion, if necessary, of a reorganization plan, the holders of
all cla-ses of the company's bonds are requested to deposit
their holdings with the above-named firm, in accordance
with the following notice:

Columbus Sandn*kj A (locking RR.— R eorga n iza tion
C om m ittee— D ep o sits Called f o r .—At the request of holders
of a large amount of the first and the general morgage
bonds, a committee for the protection of the interests of the
bondholders and for the reorganization of the company’s
affairs, has been formed, consisting of Louis Fitzgerald, Chair­
man, President Mercantile Trust Co.; Thomas Hillhouse,
President Metropolitan Trust Co.; L. C. Weir, President
Acams Express Co.; F. K. S.urgis (Strong, Sturgis & Co.,
Bankers), and John G. D -shier, Vice President Deshler
National Bank, Columbus, Ohio, with Alvin W. Krech as
Secretary, 120 Broadway, N. Y. The committee represents
the entire issue of the receiver’s certificates, and more than
one-third of the first and general mortgage bonds.
The company has been unable to dispose of the first mort­
gage or prior lien bonds, and consequently the receiver's cer­
tificates and other preferential liens rem in uoprid. A reorganixation is deemed inevitable, and the committee is formed
before default upon the bonds in order that there may be
prompt and u dted action. It is hoped to avoid the expens?
and damage to the road’s business necessarily consequent
upon the operation of the property by a receiver. The re­
ceivership recently created has been dissolved, as staled in
the Chronicle of Jan. 30, 1897, p. 233. The committee will
secure an expert's report upon the property and its earning
capacity, and will then submit a plan of reorganization.
In the meantime the committee will act for those bond­
holders who may dei oSit their bonds under a bondholders’
agreement dated Feb 20, 1897, for which negotiable certifi­
cates will be issued. All bonds deposited may be withdrawn
in case the plan of reorganization is not acceptable without
expense or charge to the non-aBsenting depositors. A copy of
the bondholders’ agreement can be obtained at the office of
the Mercantile Trust Co., Nsw York, depositary for first
mortgage bonds, aod the Metropolitan Trust Co., New York,
depositary for general mortgage bonds. The D.-shier National
Bank, Columbus, Ohio, will receive deposits as agent for the
depositaries.—V. 64, p. 233.
Delaware Lickawanni A Western RR.—Q u a rterly .—
Earnings of the D L. & W. leased lines in New York S.ate
to r the quarter and the six months ending December 31;
3 month*
e n d . Dec. 31 —

Gross
e a r n in g .

1898
* 2 ,3 5 1 ,1 1 1
1 8 9 5 .................... 2 ,9 0 7 ,6 7 2
6 m onths.
1 8 9 6 ................... 4 ,9 1 2 ,8 2 6
1 8 9 5 ................... 5 ,4 1 2 ,6 8 2
—V . 6 4 , t>. 231.

in terest,
taxes, etc.

B a la n ce,
su rp lu s.

* 1 ,2 8 9 ,8 3 1
1 ,7 6 1 ,6 6 7

* 6 5 1 ,1 8 9
5 5 2 ,5 7 8

* 6 3 8 ,6 4 2
1 ,2 0 9 ,0 8 9

2 ,5 9 3 ,2 3 5
3 ,1 7 2 ,9 2 7

1 ,2 7 1 ,9 3 8
1 ,1 7 3 ,3 2 7

1 ,3 2 1 ,2 9 7
1 ,9 9 9 ,6 0 0

Net
ea rn in g s

en d .D ec. 31. ea rn in g s.

ea rn in g s,

1896 ____ £ 2 ,0 7 9 ,7 0 0
£ 6 1 6 ,1 0 0
1895
...................... 1 ,9 8 4 .0 0 0
12 mos.
1896
£ 3 ,7 8 7 ,2 0 0 £ 1 ,1 0 5 ,4 0 0
1 8 9 5 .......... 3 ,6 3 7 ,1 0 0
1 ,0 2 6 ,2 2 0
.

In v ie w o f th e p r esen t fin an cial d ep ressio n an d th e g r ea t lo ss of
c re d it from w hich th e H ockin g V alley R ailroad C om pany is suffering,
th e r a ilw ay 's im m ed ia te req u irem en ts dem an d th e prom pt a ssista n ce
o f capable p a rties in resto rin g th e c red it o f th e co m p a n y by a li teral
a d v a n ce m e n t o f fu n d s or a re-adju stm en t o f its fix e d c h a r g es to m eet
th e ch an ged co u d ilio n s o f th e railroad and co a l traffic n ow p r e v a ilin g .
T he a n n u a l m e e tin g of th e oom pany is s e t for M arch 16 in th is c ity
and th e tr a n sfe r book s for reco rd in g sto ck w ere clo se d la s t w eek ,
th ir ty d a y s prior to th e m eetin g .
A t th e tim e o f th e is su e o f 4 o e r c e n t bon ds in J u ly la s t, th e
situ a tio n w arran ted the sta te m e n t th a t th e p ro p erty w as on a d ivid n d b asis, sin c e w h ich tim e, h o w ev er, and p a r tic u la rly du rin g th e
la s t fou r m o n th s o f 1 3 9 6 , th e u n p a ra lleled c o m p e titio n for traffic
am o n g th e co a l roads in Ohio p rodu ced so g r e s t a dem o ra llz stlon in
r a te s th a t s ev e r a l o f o ur co m p etito rs h a v e b e e n fo rced in to th e han ds
o f receivers, and th e H o ck in g V alley m a n a g em en t is n o w c o n fro n ted
w ith th e prob lem o f fin an cin g fo r tlie la rg e c o u p o n p a y m e n ts to be
m ad e upon th e first o f n e x t M aroh, and a proper p ro v isio n fo r th e
r etir em en t o f $ 1 ,4 0 1 ,0 0 0 u n d erly in g 7 per c e n t bon ds m itu r in g in
O ctober next.
A n a c tiv e inq uiry on our p art am on g th e s ec u r ity hold ers o f the
road h as co n v in ced u s th a t i t w ill n o t be p o ssib le to seoure from th em
pufBcient aid to p r o v tie for its p resen t n e c essitie s, and a t th e sam e
tim e p la ce it upon a fin a n cia l b a sis th a t w ill en a b le it to m a in ta in its
p ron er proportion o f traffic du rin g th e co m in g years.
The m a n a g em en t h a v e th erefo re secured th e a sslsta n b e o f M essrs.
J . P. M organ & Co., to th e en d th it a r eo rg a n iza tio n m ay be brought
a b o u t u n d er th eir d irectio n , b e lie v in g th a t in th is w a y a ll In terests
w ill be eq u itab ly a d j u s t e d —V. 6 4 , p. 37 3 .

ta x es.d e.

su rp lu s, u n d er g u a r .

£ 4 8 4 ,7 0 0 £ 1 3 1 ,4 0 0
£ > 2 .4 0 0
5 4 4 ,2 0 0
-485,400 5 8 ,8 0 0
£ 9 6 9 ,4 0 0
9 6 3 ,5 0 4

£ 1 3 6 ,0 0 0
6 2 ,7 1 6

£ 1 7 9 ,0 0 0
1 8 9 ,8 9 9

* To C hicago A Grand Trunk under traffic gu a r a n tee and D etro it
Grand H a v e n A M ilw aukee under g u a r a n tee o f bon de.—V. 63, p. 6 5 2 .

Hartford A Connecticut Western Ry.—Philadelphia
Reading A New England R R .—New M o rtg a g e.— The direc­
tors of the Hartford & Connecticut Western have decided to
petition the Connecticut Legislature for authority to issue a
general mortgage of $1,500,000, of which $700,000 shall be
used to retire at maturity the bonds outstanding, and the oalance for the construction of the branch from Tariffville,
northeast 17 miles, to We3t Springfield, Mass. The road is
leased by the Piiila. Reading & New England.—V. 64, p. 235.
Hendersonville A Brevard Railway, Telegranh A Tel­
ephone Co.— R eceiv er A p p o in te d .—This property, extending
from Hendersonville to Brevard, N. C , 21 miles, has b en
placed in the hands of W. E. Shuford, of Asheville, as re­
ceiver. The road’s capital stock is $250,000; funded debt
$150,000; gross earnings for 1895-96 $5,539; rolling stock, 1
engine and 6 cars.
__
Heywood Brothers A Wakefield (Rattan) Company—
C on solid ation —A dispatch from Boston, Mass., says
that under this title, with authorized capital of $6,000,000
($4,000,000 six per cent cumulative preferred stock and
$2,OOO,000 common stock), are to be consolidated the Wake­
field Rattan Co. of Boston, the Hey wood Brothers & Co. of
Gardner, Mass, and the Hey wood & Morrill RittanCo. of
Chicago, thus placing the rattan manufacturing business
of the country under one head.
Lake Shore A Michigan Southern Ry.—Q u arterly.— Earn­
ings for the quarter ending D<c. 31 have been reported as
follows. Resulis for the year 1896, with the month of Decem­
ber partly estimated, were given in Y. 63, p. 1155, and the
actual figures now at hand (from quarterly reports) differ
but slightly therefrom :
3 mos. end in g Dec. 3 1 —

Gross
ea rn in g s.

1 » 9 6 ...............$ 5 ,0 4 2 ,5 3 1
1 8 9 5 ............... 5,84 9 ,5 7 1

Net
ea rn in g s,

O ther
in com e.

In terest,
taxes, etc.

B a la n ce
f o r dins.

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

The balance sheet Dec. 31, 1896, shows profit and loss sur­
plus of $11,449,859, against $11,652,219 in 1895.—V. 63, p. 1155.
Lehigh A Hudson River Ry.—Q u a rterly —Earnings for
the quarter and the six months ending December 31 have been:
8 m onths e n d in g Gross
Dec. 31 .
ea rn in g s.
1 8 9 6 ................... $ 9 8 ,1 6 5
1 3 9 5 ...................... 9 9 ,0 9 0
6 m onths —
1896 ....................$ 1 7 5 ,9 8 0
1895 ................... 1 9 4 ,3 5 5

Net
earn in g s.

In terest,
taxes, etc.

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

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

B a la n ce,
su rplu s.

$ 2 ,528
5 ,5 3 6

$ 8 0 ,1 7 0
7 9 ,6 3 4

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

$ 7 ,5 8 6
9,038

Loans and bills payable Dec. 31, 1896, $413,500, againBt
$398,500 on June 30. Car truits D c. 3 ,$73.7l7.—V. 64, p. 83.
Lima Ry.—Lima A Honeoye Palls RR.— R eorga n ized C om ­
p a n y .—The Lima Ry. Co. has been incorporated at Albany
as a reorganization of the Lim i & Honeoye Falls RR. The
road runs from Lima to Honeoye Falls, 4 miles.
Louisville Evansville A St. Lonls Consolidated—New
A lb a n y B elt B on d s P u rch a sed .—The receiver of the Louis­
ville Evansville & .St. Louis Consolidated has applied for
authority to issue $200,000 certificates to acquire a controlling
interest in the New Albany Belt & Terminal Co. The applica­
tion is approved by the Reorganization Committee, who have
secured a majority of the $300,000 of bonds at 57*^ cents. The
Belt has been operated by the Kentucky & Indiana Bridge
Co,, with which it connects the lines entering Louisville by
way of New Albany. The Air Line will operate the Belt, and

9 1 .9 0

TH E

4 2 4

C H R O N IC L E .

aed will u-.‘ it to m cure an entmoo# to the Union Station,
via th«- Kentucky & Indiana Bridge, abandoning the Penn•ylvtuiia bridge and station.—V. 64, p» 42Karaite it (Cellule**) C om p a n y .- Incorporated.—Articles
of incorporation were died at Trenton, N. J., Feb, 18, incorpcniting this company with an authorized capital stock of
*SO,<KKItuO0, $35,000,000’ common and $18,000,000 6 per cent
cumulative prtferred, to manufacture and deal in products
from corn stalk under the patent of Mack Mareden. Ibe
capital stock paid up is 110,000. The incorporators are: John
H. Will . m-. Mrtch uuville; Richard C. Ellis, John McCormick mad
H. Evans, Philadelphia, and James Huber
Clark, of Philadelphia.
Montreal * Western KR,—Canadian Paeiilc Ry.—New
Jfiirtijiiije.—The shareholders of the Montreal & Western will
vote 1st Montreal, March 1, on a proposition to make a new
mortgage to secure bonds for the payment of the company a
toib hi, deers. The road extends from St. Jerome to L-tbelle,
Que., ?t) mths. and is leased for five years from Sept, 1,
Itfc’ , {o tjlt, Canadian Paciiic at a rental of 40 per cent of its
gross earnings.—V. 84, p. 8*29,
Natchez Bed River * Texas R R .—Sold in foreclosure.—
This read, which extends from Vidalia, Miss,, to Black River,
La., 2-1 miks. was sold at Vidalia on Feb. 13 by order of the
Unio d States Court, and was bought in by the Hale estate,
the original owners. The Farmers' Loan & Trust Co, was
trustee under the mortgage for $300,000.
New Jersey '/Ane.—Consolidation—New Mortgage —The
Lehigh Zinc & Iron Co., the Sew Jersey Zinc & Iron Co , the
Floretce Zinc ifc Iron Co., the Passaic Zinc & Iron Co. and
the Mineral Point Zinc Co., of Wisconsin, have consolidated
under the name of the Sew Jersey Zmc Co., with a capital of
$10,100,000, ai d 8. S. Palmer as President, The new corpo­
ration has made a mortgage for $1,700,000 to the Farmer’s
Loan & Trust Co, as trustee, to secure 8 per cent gold bonds
due Feb, 1, 1917, Of the amount authorized 1200,000 is re­
served to retire at maturity an old mortgage still outstanding.
New York & Brooklyn Tunnel Co.—New Brooklyn Tunnel.
—This company, of which Herman O. Hilmers is the leading
spirit, has an office at 35 Broadway, New York City. The
company filed articles of incorporation March 6, 1895, with
capital stock of $200,000, and has authority from the Legisla­
t e e cf that year (Chapter 1014, Laws of i895,) to construct a
tunnel under the East River.—V, 60, p. 1010.
Sevr England RR —Quarterly.—Earnings for the quarter
and the six months ending Dec. 31 have been as follows :

end-

S m o t.
i n g D e c . 31.

i-.jri.m0 K.

yet
ea rn in g s ,

O th e r
in c o m e ,

In te rest,
la r e s , e tc .

B a la n c e ,
s u r p . o r (le t.

le n t..............*1 ,3 7 3 .5 5 5
I S O * ............ 1,650,558

$ 3 18,877
507 ,6 4 1

$ 8 ,0 4 6
6 ,213

$ 3 88,214
3 6 0 ,1 4 0

del. $61,321
Bur. 153,714

6 m o n th s —

d ross

1 8 0 6 ........... *2 .7 3 0 ,2 7 6
$ 5 68,796 $14 ,4 5 9 $ 7 7 7 ,0 0 1 def. $193,746
1 8 9 5 .............. 3 ,2 91,728 1,035,427
7 ,528
81 9 ,8 4 5 sur. 223 ,1 1 0

[V O L, L X I Y ,

third mortgage bonds : $308,950 for the $597,000 consolidated
mortgage bonds and $250 for one collateral trust bond. The
dividend scrip, if any, would receive the Same treatment its
the general third mortgage bonds.—V. 64, p. 331,
Ohio Southern R lt.— Receivers' Certificates Sold .—The re­
ceivers have sold the $365,000 rec. ivers’ certificates to J. 8.
Bache & Co. o f this city at 100*53 and interest, Ih e bids for
the certificates aggregate $1,500,000. The committee repre­
senting the first mortgage bondholders, it is understood,
acquiesced in the issue of the certificates. The proceeds of
the certificates will be used for the Bt-veral purposes specified
in our last issue and will not he applicable for the interest on
the first mortgage bonds due Dec, L Under the terms of the
mortgage the company has three months in which to pay that
interest before foreclosure proceedings can be instituted .—
V. 64, p. 374.
Oregon Short Line R R .—Officers Elected.—The officers
o f the new company are: SamueiCarr, President; W. H. Ban­
croft, Vice-President and General .Manager: T. Jefferson
Coolidge, Jr., Vice-President; Henry G. Nichols, General
Counsel; T. K, Cummins, Jr,, Secretary and Treasurer,—V.
64, p. 874.
Philadelphia & Reading Ry.— Reading Company,—Pay -

merit of Coal & Iron Co. Bonds.—The $303,000 bonds of the
Philadelphia & Reading Goal & Iron Co. maturing March 1,
1897, secured upon land known as the Glentworth tract, will
be paid at maturity either by J. P. Morgan & Co., New York,
or Drexel & Co., Philadelphia.—V, 64, p. 374.
St. Joseph & Grand Island Ry.—New Officers.—The direc­
tors of the new company are: William L. Bull, President;
Henry Budge, Vice-President; F. P. Olcott, J. Kennedy Tod,
Gordon Abbott, C. H. Sbaffer, Henry M. Robinson, Ulysses
G. Life and Edwin McNeil.—V. 64, p. 181.
St. Loafs Iron Mountain & Southern R y . —Extension and
Redemption o f Maturing Bonds.—Arrangements have been
concluded for the extension of the $4,000,000 first mortgage
five per cent bonds and the fo,000,000 second mortgage sevens,
both of which issues mature May 1. The bonds are to be ex­
tended fifty years, the firsts at four and a-half per cent inter­
est and the seconds at five per cent. They will be redeema­
ble at 105 on six months’ notice. The $1,450,000 Cairo Arkan­
sas & Texas first mortgage sevens maturing June 1 will be
paid. Official announcement of the above will be made in a
few days.—V. 63, p. 548.
Syracuse Binghamton & New York RR. -Quarterly.—
Earnings for the quarter aud the six months ending December
31 have been reported as follows :
3 m o n th s e n d G ross
B el
i n g D e c. 31— e a r n i n g s ,
ea rn in g s .
1 8 9 6 ................... $ 2 2 0 ,1 3 7
$ 9 4 ,4 0 6
1895
2 3 8 ,1 3 3 82,211
6

1896

O th e r
in c o m e ,

I n te r e s t ,
ta x e s , e tc .

B a l a n c e ,,
su rp lu s.

$ 4 5 ,0 6 8
4 9 ,6 5 7

$ 4 9 ,3 3 8
3 2 ,5 5 4

$ 9 1 ,4 7 3

$ 1 3 3 ,0 4 0

m o n th s —

.................. $ 4 6 6 ,1 3 7

$2 1 5 ,8 4 1

$ 8 ,6 7 2

2 2 0 ,5 2 3
9 4 ,5 6 2
1 3 1 ,9 6 1
Lear * and bills payable Dec. 81, 1896, $125,000, against 1 8 9 5 ..................... 5 0 1 ,9 6 2
There are no important changes in the balance sheet since
$100,000 on June 80.—V . 64, p. 83.
June 30, 1890.—V. 63, p. 881.
N'ew Jersey k New York RR.— Quarterly .—Earnings for
Tennessee Central.—Sale April 5,—The foreclosure sale
the quarter and the six months ending Dec. 81:
has been set for April 5.—V. 64, p. 388.
3 m onths e n d in g
Gross
Net
In te rest,
B a la n ce,
D e c e m b e r 31—
ea rn in g s .
ea rn in g s ,
t a x e s , etc.
s u r . o r d e f.
Union P acific Ry .—Kansas Pacific Consols Accept Modi­
1896............................. $83,327
$1,540
$14,012
def.$12,472
1895 ...........................
86,215
10,337
1 .,257
def. 3,920 fied Plan. — At the meeting Wednesday the holders of certifi­
4J m*>nth*—■
cates representing over $6,000,000 of the Kansas Pacific con­
1 8 - 0 ..........................
$ 1 4 1 ,3 9 7 $ 3 4 ,7 1 7
$ 2 8 ,0 2 7
su r .$ 6 ,6 9 0 sols voted to accept the proposition o f the Union Pacific
IS O *................. ....... 191,340
38,342
27,780
sur.10,562
Railroad Reorganization Committee to receive 50 per cent in
Then- have been no important changes in the balauce sheet new 4 per cent bonds and 110 per cent in preferred stock in ex­
niece June 30. —V. 63, p. 968.
change for their securities, no allowance being made for de­
; Nm York Central & Hudson River UR.—Reconstruction faulted interest. Less than $100,000 o f the bonds voted
of the Grand Central Station .—The alteration and enlarge- against the proposition, and the action o f the meeting was
mi m of the Grand Central Station, it is stated, wilt be begun subsequently made unanimous.
Modified Terms to K. P. Consols and Sinking Fund Ss.—Thee» **. on as the weather permits. The estimated cost, which
is about $7M1,0(;0, will be divided among the several roads Union Pacific Reorganization Committee gives notice that
u-ing ;iu- station. The plan submitted contemplates the con­ more than 90 per cent of each of these issues have ac­
solidation of Uie passenger business of all the roads in a cepted the modified allotments and that no withdrawals of
rural waiting room with the necessary auxiliary rooms the same deposited under the agreement will be permitted
and a p ru ral outbound baggage room. The office capacity after March 3D, 1897. The time for deposit without penalty
of the building will he increased by the erection of additional of additional bonds of the two issues has also been extended
moths ntid elevators. New steam heating and electric-light to the same date.
The new allotments are as folio ws:
and power plant a wilt be provided.—V. 64, p. 374.
$ 1 ,0 0 0 bond with all defaulted .--------------- Will receive---------- ---- .
New 1 ork Ontario & Western Ry.—$350,000 Refunding Each
coupons detached.
N ew fi r s t I f i s . N ew P ref. S tock.
Bonds l . i s t . d . —Refunding bonds for $880,000 have been K ansas Paoittc oonsols..................
$500
$ 1 ,1 0 0
750
1,000
li*ud oo i in- New^York S'ock Exchange, making the total Sinking fund 8s..................................
Intfi) toaate $8,375,000. The new bonds were issued to repInterest on fir s t Mortgage.— An order, it is stated, has
r* «. tit expenditure# made for equipment, betterments, & e ,—
been signed for the payment of the January, 1S97, coupon
v , 84, p, 874.
on the Union Pacific first mortgage bonds. This payment
N e w Yi rk Stuqnehanna k Western R K —Earnings fo r will call for the disbursement of over $816,000.—V . 64, p. 331.
H a l f - } tar .—Eantiigsfor the six months ending December 31
West Chicago Street RR.—Sale o f Bonds.—Regarding the
have t> *ea re|x>rt€cl as follows :
sale of $6,000,000 of consolidated mortgage five per cent 40year
bonds to the Hallgarten & Co. and Central Trust Co.
Other
In terest, B a la n c e ,
eurnitig*.
syndicate, referred to in our ismis of the 13tn, it is stated that
incom e, taxes, etc. su rp lu s
£ 2 A,9 4 9 £ 4 5 6 ,3 0 7 £131,733 the proceeds will be used to pay off the floating debt and to
5 1 2 ,1 8 0
4 2 2 ,858
89,328 retire the $3,700,000 outstanding debentures, which are sub­
ject to call on sixty days’ notice and will be redeemed before
Northern Pacific RE.—Decree Value of Unassented Bonds. May 1. Of the $6,000,000 consols sold §3,500,000 are (o be de­
—The ft.tedoeur- rale and the transfer has been formally livered at once, and will shortly be listed on the New York
comphttd and the new company has paid into court the sum Stock Exchange.
of R « ,..i0 to be applied to the payment as follows of the
The consolidated mortgage authorizes $13,500,000 bonds, of
her dp 'b*< failed to come into the reorganization: $138,000 which $3,969,000 are reserved for the first 5s of 1888 and $3,for $J3s,wf.i old genera) second mortgage bond?, with all uu- 500,000 are to be U3ed for improvements and extensions at not
r » ,(> coup or a attached ; $103,850 for the $159,000 general exceeding 75 per cent of the cost thereof,—V . 64, p. 388.

THE CHRONICLE,

F e b b u a b y 27, 1887,]

g U p x rrts

a n d

I D cr c u m

c u ts .

425

ia lly in v ie w o f th e h e a v y an d c o n tin u o u s r e d u c tio n s th e y h a v e m ad e
and are s till m a k in g in th e ir d iv id e n d s, w h ile w e h a v e m a in ta in e d our
sca le . T he rep roach o f su c h a c o n s e r v a tis m w e are v e r y c o n te n t to
bear. T he v ig o r o f th e oak is o f an en d u rin g sort.
R E V IE W

C O N N E C T IC U T

OF

THE

YEAR.

M U T U A L LIFE I N S U R A N C E

N o tw ith sta n d in g th e d u lln e ss o f th e y e a r 1 8 9 6 , th e affairs o f th e
com p an y in e v e r y e ss e n tia l p a r tic u la r w e r e as p r o sp e ro u s as co u ld be
C O M P A NY.
r ea so n a b ly e x p e c te d u n d er th e c o n d itio n s. A g a in in in c o m e , a s se ts
and su rp lu s, w h ile e a rn in g a n in c r e a se d d iv id e n d —a n in c r e a se o f
FIFTY-FIRST ANNUAL REPORT
str en g th m ore th a n corresp on d in g w ith th e in c r e a se in lia b ilit ie s ,
To the M em b e r s:
w h ile d e c re a sin g th e c o st o f in su r a n c e —m a y , in su c h tim e s, w e ll b e
reg a rd ed a s f a ir ly sa tis fa c to r y .
The y e a r 1 8 9 6 w a s m a rk ed b y a lm o st u n r e m ittin g c o m m e r cia l d e ­
T h e o p e r a tio n s o f th e y e a r as c o v er e d b y our r e p o r t t o th e I n su ra n ce
p ressio n , a ffectin g e v e r y in te r e st, a n d b y ser io u s d istu rb a n c es in th e D e p a r tm e n t are a s f o ll o w s :
p u b lic fin a n c es, p ro d u cin g a p p re h e n sio n s m o re or le s s a p p ro a c h in g N e t a s se ts J a n u a ry 1 , 1 8 9 6 . . . ....................................................$ 6 0 ,7 6 4 ,0 2 0 6 4
R eceived —
p a n ic, for n e a r ly th e e n tir e p erio d , bo th c o n d itio n s h a v in g th eir o rig in
F o r p rem iu m s.......................................................? 4 ,7 4 3 ,2 3 6 75
la r g e ly in t h o se q u estio n s w h ic h b e ca m e th e is s u e s in a p o litic a l ca m ­ For in te r e st and r e n ts ....................................... 3 ,1 3 9 ,4 0 5 22
p a ig n w h ich , fo r th e c r itic a l g r a v ity o f th e r esu lts in v o lv e d a n d th e in ­ B alan ce, profit and lo s s .....................................
5 0 ,1 4 0 75
te n s ity o f fe e lin g en g e n d e r ed , h a s h a d n o p a r a lle l in o u r h isto ry .
T o ta l in c o m e ................................................................................ 7 ,9 3 2 ,7 8 2 7 2
I n su ch a y e a r e n te r p r ise lo s e s m u ch o f it s u s u a l rew a rd , a n d th e
b e s t r e s u lts in n e a r ly a n y b u sin ess are th o se a c co m p lish e d a t le a st
$ 6 8 ,6 9 6 ,8 0 3 36
D isb u rsed —
c o st w h ile m a in ta in in g th e efficien cy o f th e w o rk in g m a c h in e r y and
F
o
r
c
laim
s
b
y
d
e
a
th
an
d
m
a
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ed
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w
­
a w a itin g su ch fa v o r a b le c h a n g e a s w ill a llo w a s a tis fa c to r y a m o u n t of
m e n t s ................................................................... $ 4 ,5 0 8 ,0 1 8 2 5
b u sin e s s to b e don e a t u su a l c o st a n d w ith o u t stra in .
Su rp lus retu rn ed to p o lic y h o ld e r s ............ 1 ,2 7 4 .6 5 8 62
E F F E C T ON B U SIN E SS .
L ap sed an d surren d ered p o lic ie s .................
7 5 9 ,2 4 7 93
E sp e c ia lly is th is tr u e in th e b u sin e ss o f lif e in su r a n c e . I t s c o st is
T otal p aid p o licy h o ld er s................................$ 6 ,5 4 1 ,9 2 4 8 0
u su a lly r ec k o n ed a s a p a r t o f o n e ’s e x p e n se s; and w h e n m o n e y is hard C om m issions t o a g e n ts , sa la ries, m ed ica l
to com e a t a n d p ro fits a re little , a n d p erh a p s n o th in g , n e w e x p e n s e s
e x a m in e r s’ fe e s, p r in tin g , a d v e r tisin g ,
le g a l, r e a l e sta te , a n d a ll o th er e x p e n s e s
are n o t r ea d ily u n d erta k en , th e u su a l o n e s are o fte n c u r ta ile d and
of m a n a g e m e n t.......................................................
8 3 6 ,7 1 5 9 7
b u sin ess sh rin k s. U n d er su ch c o n d itio n s a la r g e v o lu m e o f n e w b u si. T a x e s ...............................................................................
3 3 6 ,4 9 0 98
n e s s can b e m a in ta in ed in o n ly o n e w ay: b y su c h c o n c e ssio n s on th e
first prem ium a s te m p t a Lew in su r e r to ta k e a p o lic y w h ich c o sts him
T o ta l e x p e n d itu r e s ................................................................... 7 ,7 1 5 ,1 3 1 7 5
lit t le or n o th in g th e first y e a r, and w h ich h e g e ts a t th e e x p e n s e o f th e
o ld er p o licy -h o ld ers w hose m on ey h a s to m a k e u p th e d e fic ie n c y
B alan ce, n e t a sse ts, J a n . 1, 1 8 9 7 .......................................$ 6 0 ,9 8 1 ,6 7 1 6 1
ca u sed by w h a t th e '* n e w b lo o d ” c o sts b u t fa ils to p a y .
A dd in te r e st due and a ccru ed , market; v a lu e s o f sto ck s
and bonds o v e r c o st, a n d n e t d eferred a n d u n co llec te d
W ere a n y g iv e n q u a n tity o f n e w b u sin e s s in a n y o n e y e a r n e c essa ry
p rem iu m s, a s p er ite m iz e d s ta te m e n t h e r e w ith ............ 1 ,9 7 0 ,6 7 7 2 7
*o th e s ta b ility o f a c o m p a n y —-as it m ig h t be w e re th e co m p a n y n ew
an d its am o u n t a t risk a s y e t to o s m a ll fo r a sa fe a v e r a g e e x p e r ie n c e
G ross a s se ts J a n . 1 ,1 8 9 7 ..................................................... $ 6 2 ,9 5 2 ,3 4 8 88
—th er e m ig h t b e a rea so n fo r k e e p in g up a p a c e e v e n a t in crea sed T o ta l lia b ilitie s .................................................................................. 5 5 ,7 9 9 ,0 5 1 8 4
c o st, if th e b u sin ess so g o tte n w ere lik e ly to s ta y by. B u t th ere is
n o com p an y o f our c la ss d oin g b u sin ess to -d a y in a n y su ch situ a tio n ;
nor an y w h ich c a n n o t afford to le t its n e w b u sin ess v a r y w ith the
c o n d itio n s a ffec tin g th e v o lu m e o f e v e r y o th er b u sin ess, e x c e p t th ose
w h ich h a v e a tta c h e d to th e sim p le m e th o d s o f le g itim a te lif e in s u r ­
a n c e c er ta in w h o lly e x tr a n e o u s fe a tu r e s w h ich c re a te n e c e s s itie s o f
th e ir o w n and d o m in a te th e situ a tio n . T he “ a c cu m u la ted d iv id e n d ”
co m p a n ies, som e o f w hich a re lo sin g $ 1 2 5 ,0 0 0 ,0 0 0 a n d u p w a rd o f old
b u sin ess e v er y y ear, and m u st k eep a v e r y g r e a t a m o u n t o f b u sin ess
g o in g in order to k eep up th e la p se s a n d fo r fe itu r e s n e c essa ry to p r o ­
v id e th eir “ a c cu m u la ted su r p lu s” or to n tin e fu nd, h a v e tr ie d to
ed u c a te th e p u b lic to b e lie v e th a t a g rea t “ n e w b u s in e s s ” a n d a g reat
“ a m o u n t a t risk ” w ere th e tru e m e a su r es o f su c c e ss, a n d m a y fe e l
t h a t th e ir c h o ic e lie s b e tw e e n K eeping u p th e in flo w a t a n y c o st, b y
a n y e ffe c tiv e m ean s, and su c h a sh rin k a g e a s th ey e a n n o t c o n te m p la te
w ith e q u an im ity . H o w e v er th a t m a y be, th e v ic io u s an d c o stly
m eth od s of co m p e titio n a re co n tin u ed .
A N ID E A L PO SITIO N .
T h e C o n n e c tic u t M utu al is h a p p ily u n d er th e s tr e s s o f no c ircu m ­
sta n c e s, n a tu ra l or a r tificia l, req u ir in g it to fo rce its b u sin e s s b ey o n d
th e c o n d itio n s o f th e tim e. I ts p o sitio n is id e a l, an d th a t to w h ich
e v er y co m p a n y o u g h t to s tr iv e to a tta in , a b u sin ess so la r g e a s to g iv e
a b so lu te s ta b ility in its a v e r a g e e x p e r ie n c e , y e t n o t so la r g e b u t th a t
in good tim es a n d u n der fa ir co n d itio n s it c a n he m a in ta in e d w ith o u t
difficulty, e v e n a llo w in g for o c ca sio n a l a n d c o n sid e ra b le sh rin k a g es
in bad tim es, a sta n d a rd o f so lv e n c y b ey o n d q u estio n , in v e s tm e n ts
w orth y such a tru st, a n d an e x p e n s e a c co u n t so s m a ll a s to g iv e th e
la r g e s t p ossib le s a v in g to p o lic y h o ld ers a n d so a d ju sted th a t, w h eth er
its b u sin ess in crea ses or sh r in k s, it w ill n o t h a v e to c u t its d iv id en d s
on th a t acco u n t.
T h at is th e p o sitio n w e occu p y . So fa r a s th e a b so lu te s a fe ty of
e v er y p r esen t p o licy h o ld er is c o n c er n e d , or so fa r a s his fu tu r e d iv i­
d en d s w ould be affected, it is n o t n e c e s s a r y th a t w e sh o u ld e v e r w rite
an oth er n ew p o licy . T he com pan y w o u ld p a y o u t to th e v e r y la s t m an
an d m a in ta in th e sa m e r ela tiv e h igh d iv id e n d s w ith o u t it. T he o n ly
reason for ta k in g n e w b u sin ess is th a t w e m a y g iv e to n e w fa m ilie s th e
sa m e secu re and ch ea p p ro tectio n th a t th o se o f o u r p r e se n t m em b ers
are g e ttin g . T he la tte r h a v e no n e e d w h a te v e r for a n y n e w b u sin ess.
A n d th erefo re it is th a t, am o n g a ll th e str u g g le s for first p la c e a s to
n e w b u sin ess and a m o u n t a t risk am on g th e l-trge c o m p a n ies, and
th o se of th e sm a lle r o n e s to k e e p so m ew h ere in th e race, th e C o n n ecti­
c u t M utual h a s s te a d ily r efu sed to c o m p e te for n e w b u sin ess a t th e
c o st of p r e se n t po licy -h o ld ers. W hat w e c a n g e t w ith o u t r ed u cin g
th eir d iv id en d s w e ta k e; w h a t w e ca n 't g o e s to th o se w h o se Induce­
m e n ts to a g e n ts, and w h o se s p e c u la tiv e p ro p o sa ls an d m o m en tary
te m p ta tio n s to n e w m en are g r ea t, b u t w h o se d iv id en d s to old m em ­
bers are sm a ller. In g ood tim es w e m ore or le s s e n la r g e ovtr b u sin ess.
I n hard tim es w e h u sban d our s tr e n g th , in d ifferen t to a ll c o n sid e r a ­
tio n s e x c e p t m a in ta in in g our sta n d a r d o f e x c e lle n c e .
We are th u s e x p lic it, n o t o n ly b e c a u se th e m a tte r is a p t to th ese
tim es, b u t a lso b ec a u se in th e c o m p e titio n o f b u sin ess it is c o m m o n ly
rep resen ted b y th o se w h o se o n ly xioint o f co m p a riso n w ith u s is in r e ­
s p e c t o f n e w b u sin ess a n d a m o u n t a t risk , th a t it i t is u n d e sir a b le to
in su re in a co m p a n y w hich is n o t r a p id ly in c r e a sin g its b u sin ess; th a t
e x p e n s e s w o u ld be le ss , d iv id e n d s la rg er, a n d s e c u r ity g rea ter if w e
w ere p u sh in g harder fo r new o u sln e ss an d g e ttin g m o re o f it; a sta te
in en t w hich is fa ls e in e v er y a s p e c t a n d p a rticu la r. T here m u st com e
a p o in t w ith e v e r y co m p a n y , no m a tter h o w rapid its p r esen t g ro w th ,
b ey o n d w hich it ca n n o t force a n in c r e a se o f size . A nd se v e r a l o f th e
la r g e st c o m p a n ies are ra p id ly a p p ro a ch in g th a t p o in t. W hat w ill be
th eir s ta tu s th en 1 Should th e p u b lic, th er e fo r e, turn from them '! If
th e y w ill bo th en u n d esira b le c o m p a n ies, w h y sh o u ld th ey be b u ilt
up a t a ll)
If a com p a n y be tr u ly d esira b le, p ro sp ero u s, and s a fe o n ly w h ile and
o n ly a s It Is In crea sin g its risk s, th en th e m ore ra p id ly a com pan y is
g ro w in g to-day th e fa ste r it is a p p ro a ch in g th e tim e w hen it w ill be
n o lon ger d esira b le, p rosp erou s, or sa fe . If th a t be so , life in su ra n ce
should be sum m arily su p p ressed a s an in e v ita b le sw in d le.
Hut, as our e x p e n s e ra te is le s s th a n th a t o f a n y o th er c o m p a n y , and
o n ly a b o u t h a lf th a t o f th e g r e a t xm shers, w fiile our r e s u lts to
p o licy-h old ers a re v e ry m u ch la rg er th a n th eir s, a n d o u r sta b ility
g r ea ter and m ore c o n s e r v a tiv e ly based , th e a d v a n ta g e to he d erived
from fo llo w in g th eir e x a m p le w o u ld seem m ore th a n d o u b tfu l, e sp e c ­

Burplus J a n u a r y 1, 1 8 9 7 ........................... ............................ $ 7 ,1 5 3 ,2 9 7 0 4
IN T E R E ST .
We r ec e iv e d fo r in te r e s t an d d iv id e n d s, $ 2 ,8 8 4 ,9 5 8 31; for r en ts,
$ 2 5 4 ,4 4 6 91 . T he d u lln e ss o f th e tim es m a d e c o lle c tio n s u n u su a lly
slo w . Y e t th e o v e rd u e in te r e st on D eoem b er 3 1 ,1 8 9 6 , o n n e a r ly $ 3 6 ,0 0 0 ,0 0 0 o f m o rtg a g e lo a n s w a s o n ly $ 1 5 0 ,4 6 6 7 1 , a b o u t $ 3 0 ,0 0 0 of
w h ich h as sin c e b een r eceiv ed .
N o n e w d e fa u lts h a v e o ccu rred on our b on ds, th e o n ly c a se n o w in
d e fa u lt b e in g t h a t o f th e $ 1 0 0 ,0 0 0 o f b o n d s o f th e D e tr o it L a n sin g «fc
N orthern R ailroad , n o w in p r o c ess o f r e o r g a n iz a tio n .
R E A L E ST A T E LO A N S.
T he a m ou n t o f old lo a n s p a id off a n d o f n e w lo a n s m ad e w a s m u ch
sm a lle r th a n usu al; a n a tu r a l r e s u lt o f th e c o n d itio n s w h ich m a d e i t
harder to g e t m on ey to p ay w ith , a n d a lso m ad e le s s u se for borrow ed
m on ey. Old lo a n s w ere paid a m o u n tin g to $ 5 ,5 6 0 ,1 1 0 40; an d n e w
lo a n s w e r e m ad e for $ 5 ,2 0 2 ,2 7 9 87.
FO R E C L O SU R E S A N D 8 A L ES.
O ther r esu lts o f th e hard tim e s w e r e th e p ro lo n g ed in a b ility o f m a n y
to p a y in te r e st, c o m p e llin g u s to ta k e u n d er fo r e c lo su r e s p ro p erties
c o stin g $ 1 ,2 3 3 ,0 2 8 0 8 , and a lso a g r e a t d e a d n ess in th e r e a l e sta te
m ark et b y r ea so n o f w h ic h c o m p a r a tiv e ly fe w s a le s w ere m ad e,
a m o u n tin g to $ 1 2 4 ,3 2 5 33 . T here w e re a g ood m a n y in q u ir ie s after
p rop erty, b u t m ost o f ih em w ere m ad e in th e h op e th a t th e p ressu re o f
th e tim es m ig h t d isp o se u s to offer a t low p rices. W e are fo r tu n a te ly
ab le to h old our p rop erty u n til u su a l c o n d itio n s r e sto r e u su a l p rices.
T he a d v a n ta g e o f b e in g a b le to do th is is w e ll illu str a te d in our o w n
h istory. S in ce 1 8 7 9 th e co m p a n y h as so ld p ro p erties w h ich it h ad
th en acq u ired u n d er fo r e clo su r e a t a c o st o f $ 7 ,5 3 1 ,6 1 8 30 . In
an e x a m in a tio n m ad e th a t yea r, th e In su ra n ce C om m ission er v a lu e d
th e se p r o p e r tie s a t o n ly $ 6 ,4 4 5 ,7 7 3 , a n a p p a re n t lo s s o f $ 1 ,0 8 5 ,8 45 3 0 . B u t w e did n o t s e ll a t th o se figu res. We w a ite d an d so ld a s
th e m ark et w a n te d it, fo r $ 8 ,9 2 2 ,6 5 6 3 1 , or $ 1 ,3 9 1 ,0 3 8 01 m ore
th a n th e property c o st an d $ 2 ,4 7 0 ,8 8 3 3 1 m ore th a n th e C om m ission ­
er’s v a lu a tio n .
W hile som e o f our i)rop erties w ill n o t p r o b a b ly s e ll for as m u ch as
th ey c o st, oth ers w ill s e ll for m ore, an d ju d g in g from p a s t e x p e r ie n c e ,
w e se e no r eason to a p p reh en d a n y lo s s o n th is ite m as a w h ole.
B O N D TR A N SA C T IO N S A N D H O L D IN G S.
T here w e re p aid off or so ld d u rin g th e y e a r m u n icip a l and ra ilro a d
b on ds w h ich c o s t u s $ 8 6 4 ,6 3 3 3 0 , an d o th er b on d s p u rch a sed a t a c o st
of $ 7 8 3 ,6 1 0 44 . T he m a r k e t v a lu e o f su c h s e c u r itie s is g e n e ra l w a s
c o n sid erab ly le s s o n D e ce m b er 3 1 ,1 8 9 6 , th a n on D ecem b er 3 1 , 1 8 9 5 .
T he sh rin k age on our h o ld in g s w a s, h o w ev er, o n ly tw o-th ird s o f 1 per
c en t. T hese h old in gs are for $ 1 3 ,2 8 5 ,0 0 0 par v a lu e , c o stin g $ 1 3 ,6 0 6 ,0 3 4 97 , an d w orth a t th e a b o v e d a te $ 1 4 ,0 5 8 ,9 0 7 by a n e n tir e ly c o n ­
s e r v a tiv e v a lu a tio n .
P R O F IT A N D LOSS.
A sm all n e t lo ss o f $ 1 3 ,1 0 5 8 7 on som e o f th e r ea l e sta te s a le s and
sundry ite m s w a s offset b y a n e t g a in of $ 6 3 ,2 4 6 6 2 , m a in ly on tr a n s ­
a c tio n s in b on ds, le a v in g $ 5 0 ,1 4 0 7 5 to th e good.
M OR TA LITY .
We paid to th e fa m ilie s an d e sta te s o f d e c ea se d m em b ers d u rin g th e
y ear $ 4 ,1 0 6 ,3 6 6 25. T he v a lu e an d tim e lin e ss of th is g r e a t su m to its
m an y r ec ip ie n ts in th e ir h ou r o f n e e d are th e m e a su r e o f our y e a rly
ser v ic e to th e h ou seh old s o f our c o u n try . I t s h e lp fu ln e ss cun be
so m ew h a t rea lize d if o n e w ill b u t im a g in e th a t a m o u n t b e in g c o n ­
s ta n tly d istrib u ted am on g e a se s lik e som e th a t w ill occu r to a n y o f us,
an d w ill th in k w h a t it h as m e a n t to th em , or w ou ld h ave m e a n t to
th o se w ho d id n o t h a v e it. I t is an u n m ix e d good, co m in g w h e n th e
n e c essity for such help is g r ea test.
Our d eath lo s se s w ere so far in sid e th o se e x p e c te d an d p r o v id ed for
th a t th e sa v in g s th erefro m w ere $ 4 3 6 ,6 8 9 .
I t shou ld be a lw a y s borne in m ind th a t it is n o t t h e a m o u n t o f a com ­
p a n y ’s d eath lo s se s , nor th e ir proi)ortlon to its a m ou n t a t risk , nor to
its Incom e or its a s se ts , w h ich are sig n ific a n t o f th eir effe c t u p o n it

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EXPANSES.
The ratio of ea f e u **» ineoajo in 18i)6 was 10*55 per cent; &u itlfn* 4«t ».->i rr tiu u*u«U
of atmtit oaeTtaH o f 1 per o©nt. Thia
i s * iiue f v> jto inert .i%r t» the cost of ^ettloi^ UttsittMS or In Rfly general
&#r, hot **»h ;y ?■« the iner. e.~iHt m »i o f repairs to real estate taken
nst*4ef foreelo* ort% and no>es«*ry to put if In proper o ru e r, uuu
r ig h t lf p p a tm i o u r p r o tm r t w

T h e s a m e c a r e f u l a n d s y s t e m a t ic c c o i i -

xmi} taii*h »!i-.vrfy . ,ii.-uuguWi< ■- tills company has been rigidly
KBW BUSINESS,
Isi co n ^ u e tie e o f the unbroken business depression of 1896, and
e*p.*-u4iy dMHtif the months o f the political campaign, and because
we fpeht no money trying to overcome these obstacles, we wrote
fttwut to jxrr w « i w * new business in 1808 than In 1895, The renewftls of o: | h ^inrs^ were so well kept up, however, that we lost during
the w a r on the whole amount In force only $619,430.
v, o ; . the prT --ten oy of the old business of the Connecticut
Mutual \*
tmhpie. li is an filament of great strength and of
cheap&ea* a 'vh!. it cotts far less to take such care of old business
* « t*« tmepit, than to got new to replace it. And we are fortunately
not la the position o l those companies whose heavy expenses can be
and wIkmc ottravitgant representations of “ postponed or aocutmdatrd dividends/* to be paid Ilf teen or twenty years hence, can be
fattiUrd only r*y the proceed of heavy forfeitures of old business
« w n ? $ m t»
D IV ID E N D S ,

Tin. 41VMen.! puta ou each pulley to 1896 was larger than the corraspomling one fur 1395. There will l»; a similar Increase to dividends
ami i nn-eii lent deerense ill she cost of insurance on policies renewed
In 1897.
S U R P L U S.

We ,'ali nttent ion to those Items from which It is possible to derive a
.nri.la. a::-! to the manner In which they have been applied during
the year, with a preliminary word of explanation.
We agree to pay certain emus on the occurrence of a certain event.
To do tips wu must have premiums large enough to pay running expono-s, tin- current death claims, mid provide a reserve forthe greater
mortality that will come with the increasing age of the business.
We i; .,u .••am interest on that reserve while we hold it. So we assume
a maximum death rate, a maximum expense rate and a minimum rate
a* Intele.t, oral calculate our premiums and the reserve to be laid aside
out lit then, mi those three assumptions. If the death losses and exitciisos utc less than wc assumiHl, we snve the dilTerenoe from the
premia u: ;i tin; interest is more, we save that also. There are sundry
other lurWrntiil itc-uis. Here is an exhibit of the operations of these
several factor* in the Connecticut Mutual in 1896:
Part of premium provided for expense*, etc..........$957,250
Ini-rest ;,m! rents in excess o f rate assumed____ 1,060,722
Balaaee. profit ami loss...... .....................................
50,111
Saved ?r< m expected death losses............................ 436,689
Saved fro .1 reserve on surrendered policies .................. 129,759
Sundries..............
25,437
Total .................................................................... ................ $2,660,001

fV o t . LX 1V.

cash and otherwise. Were ours a tontine business, the whole
$11,3 it ,1,31, uni all the surplus aooumulated by it. would have gone
Into the " p o o l " tor the husky ones to d iv id e-or so mUehtiswas
not oaten up by the expanses or pushing for new blood.
Similar exhibits by the groat group of companies doing that sort of
business would be very Interesting. They would mark, as nothing
olse over oan, the precise character, tho enormous magnitude, and
the startling significance of the gambling ln life insurance carried on
for the last twenty-live years or more, and now Involving, annually,
pollutes to the amount of many hundred million dollars; policies which
ought to be sacred to tins protection o f the families whom they do not
guard; which are not taken to guard the family but with intent to
share iu what others are to lose.
Moreover, such exhibits by those companies would show those peo­
p le who h a v e la p s e d mid fo r fe ite d th o se p o lic e s and th e su r p lu s a lread y
accrued on them where t heir money goes; and would show those who
have won to the speculation where thetr money has come from, and
would show them also why their speculation hasn't turned out half as
big as the estimates by wliioh they were lud into it.
EXCESS OP STRENGTH ABOVE LEGAL STANDARD.
Whoever has occasion to observe the statements of this company, as
published by the several State Insurance Department reports, will
notice that they credit us with a much larger surplus than we credit
ourselves with. For instance, their reports last, year "showed us as
having nearly $1,300,000 more surplus then our own figures. This
year the difference will be something still larger. The cause of our
own more conservative showing is this:
The State departments compute our liabilities on the assumption
that we will earn 1 per cent compound Interest on our reserves
throughout the longest possible duration of any of our policies, say
seventy years or more. On all policies written since April, 1882, we
compute our liability on the assumption that we may earn only 3 per
cent. For the long periods our contracts are written to cover we do
not think it. entirely prudent to assume more. This requires us to
carry a larger reserve than the 4 per cent assumption which Is the
legal standard o f solveuey.
CONSOLIDATED STATEMENT.
From its organization to Jan. 1,1897, the company received:
F o v p r e m i u m s $ 1 9 2 ,1 1 1 ,8 0 5 6 5
.

I’ HB

426

For interest........... .
76,438,281 19
7,059,292
87
For rents........
Bill., profit and loss.
1,035,219 59
Total receipts...................................
$376,644,599 30
It lias paid—
Death claims for.................................... $99,115,154 07
Endowments f o r .................................. 13,568,462 30
For surrendered policies......................... 23,803,72992
For dividends............................................
55,966,70364
A total returned to policy holders or
their beneficiaries, being 9 1'97 per
et. of the entire jiremiums recoived.$182,454,109 93
It has paid f or—
Expenses................................................. 24,316,102 41
Taxes........................................................
8,892,715 35
Total expenditures...................................................... 215,662,927 69
Balance net assets, Jan. 1 ,1 8 9 7 ................... ................. $80,981,671 61
It has additional assets (see statement)........................
1,970,677 27

T his teii.il of Item s a p p lica b le to e x p e n s e s , d iv id e n d s, &e,, h a s b e e n
a p p lie d a* fo lio w s :

Total assets................................................................... $82,952,348 88
That- is, the amounts returned t,o policy holders aud their beneficia­
ries ($182,454,109 93) and the balance of income after all expendi­
tures ($60,981,071 61), aggregating $243,435,781 54, are 126-72 per
cent of the entire amount received from policy holders. This has been
$ 1 ,2 6 5 ,7 6 3
done at an expense of management of 8'79 per cent, of the income.
D iv id en d s p a id ....................................................................$1,27-1,639
Both
in what lms been done for the policy bolder* and in tho economy
Addition, in iiei'.UttaluU'd dividends. ..............
62,511
of management—that is, in the low cost of the great protection given
1 n erval* In su r p lu s........................................................... „
5 7 ,0 4 1
—these results are equaled by no American company.
It has been with a clear perception and deep sense of the absolute
1,394,241
necessity to the home life on which our civilization rests and is being
$2,660,001 built, of simple, straightforward, reliable, and absolute protection to
The only Item in this exhibit which does not explain itself is proba­ the family that the Conneet-iout Mutual has adhered to the plain, un­
bly the * i ring from the reserve on policies surrendered or not re- complicated, non-speeulativ* ideals of life insurance plan and method
newed—$129,759. This grows out of lapsed nud surrendered policies which give that protection most perfectly aud at least cost, avoiding
II".. th
r-iii •! »t..-l.i for $5,860,703. tbio reserve upon which was those schemes which have indeed gained a great following by offering
$901,577, of which amount $931,818, or about 87 per Cent, was re­ a speculation in that professed protection.
It Is with a deep thankfulness wc offer the results of our adherence to
turned to tim policy-holder.* in paid-tip insurance, cask,or otherwise,
right, if simple, ideal, to scientific truth, and to true business
Ic-fjvuig tin .isviiig xu-niioncd $129,759. This saving covers some the
method.
Respectfully submitted,
i" - 1
>'ch had not been In foroo long enough to have a value; Tint
JACOB L. GREENE, President.
*' ; ' trim pally imnle up o f a email necessary charge made upon each
H aktpohS, Feb. 13, 1897.
" r ' - r , policy to help In replacing the fmslnoss so lost., to cover
the coat I.f the change, and to protect Hut company against the IrnP .,.-1 li viUihiy eaiisod by the voluntary withdrawal of sound lives.
—Attention is called to the offering of $3,000,000 New Eng­
1a t it ' noted dial were wo doing a tontine or speculative “ invest,
bo c: ]|.! mi - tliii w h o :-$961,377 of reserve and all the surplus it land Railroad 5 per cent gold bonds by Messrs. Kidder, Pea­
body & Co., R L Day & Qf, and Estabrook & Co,, of Bos­
bad ai ciuiiutaicd would have gone into the " pool."
The bonds are guaranteed by the New York New
•'
■: i i: .!-,i of th- item* available for expenses, *o., anti their ton.
applicatmn for, my, tin: l ist fifteen yearn, will be interesting to this Haven & Hartford by endorsement on each bo id,
epnroHtion,
— Twenty-five thousand dollars Central RR. of New Jersey
P«t t of pr- m. provided for expe®,**, etc... .$14,704,248
six per cent debentures, du ■1908, are offered by Messrs. Red­
lo t an*’, rent- In excess of rate assumed. . 11,198,567
mond,
Kerr & Co , to yield i}£ percent. Their advertisement
Balance, profit and
......
809,716
recites certain convertible features and gives other detailB
■
;
,
-i
,n ,
. 6,864,720
f1 - -'- -m i- ■■rv. ■■- n surrenders, etc....
relating to this issue.
1,238,635
* ‘ in market values of bonds and stocks
1.004
—Notice is given that the United States M irtgaga & Trust
h im .tiles .............................................
K.X]ieB»e-,« <4management...... .................................
. . .................. .. ................................
Decrease in market value of bonds an 1 stock s...

$836,716
336,491
92,556

71,048

O . has been appointed transfer agent of the stock and regis­
trar of the bonds of the Long 1-land Rtilroad Co., where
stock and birds should be presented hereafter for transfer or
$11,085,600
T a x e s ......... ........... / . ............................
. 4,756,826
registration.
$15,842,420
ldtfb1el.il. paid................. .
— The list of coupon* and dividends payable at the office
.$18,039,065
l u c r e In Krcmmilatcd dividend^ ’
540,431
of the Farmers’ Loan Sc Trust Co, on and after March 1
IncTc-ascts «arpiu*,.......................
. 3,705,725
22,346,121 will be found in our advertising department.
— Hocking Valley i aura and all other inactive railroad
n
,
,,
$38,188,1
securities are dealt in by F. J. Daman, 80 Broad Sireet. Sea
T ier-,
th e o n ly item n e e d in g e x p la n a tio n in th e sa v in ;
hia advertisement for details.
* t /.: : - .i; .r , s„ the fifteen
on la p se d an d au rren d o red p o lio
-—Messrs. N. W , Harris & Co. will pay dividends on a numI;",
' V 1 - V i 7 7 0 ,9 5 0 .2 2 0 ; th e n m erve on th e se ,
bi r of securities, a list o f which will be found in another
***:■*^ h k b a m o u n t * 1 0 .0 0 8 ,4 0 0 , or a b ou t 89
c en t, w a s r etu rn ed to p o licy holders in p a id u p insurar
column.
Th!* 1m - Itccri applied its foliows:
"! *
‘ '
"''li cut

$39,188,547

THE CHRONICLE.

F e b r u a r y 27, 1897.]

X h e

C o m m e r c ia l

COMMERCIAL

C O T T O N .

f l u t e s .

EPITOME

Friday Night, Feb. 26, 1897.

The observance of Washington’s Birthday on Monday did not
materially interfere with business during the past week. The
continued favorable weather conditions have acted as an im­
petus in a number of lines of trade, and business generally has
shown a tendency to improve. With few exceptions values
have held their o w d , and in some instances slightlv higher
bases have been established. Developments in the European
political situation have not been of a nature to excite serious
apprehension over the outcome of the present Cretan dis­
turbances. During the latter part of the week the action of
the Senate in giving its attention to the further discussion of
questions relating to Cuban affairs had an unfavorable influ­
ence both in financial and commercial circles.
Lard on the spot has sold slowly, The home trade has been
a light buyer and the export demand has been flat; prices,
however, have improved slightly with futures, and the close
was steady at 4‘22J^c. for prime Western, 3'95c. for prime
City and 4'45c. for refined for the Continent. There was no
trading in the local market for lard futues. At the West
there has been a fairly active market. There has been buy­
ing for speculative account, stimulated by a decreased move­
ment of swine; prices have advanced slightly, closing steady.
D U L I OLOSIHG P B lO tS OF LARD FUTURES

M a y ............................. - . . . e .

Sai.
4 30

Hon.
....

Tues.
4 -3 0

Wed
4 40

7hut4-37

4 2T

hr:
440

Friday Night, February 26, 1897,
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 84,395 bales,
against 84,934 bales last week and 119,423 bales the previous
week, making the total receipts since the 1st of Sept., 1896,
5,340,209 bales, against 4,480,211 bale3 for the same period of
1895-6, showing an increase since Sep.l, 1896, of 1,179,998 bales.
Sat.

R eceipts at—

M on .

Tuts.

G a lv e s to n ........

3 ,1 7 2

3,188

3,450

N ew O r le a n s ...
M o b ile ................

4,297
870

9,191
1,273

S avan n ah .........
B ru n sw ’k, Ac.
C h a r le sto n ___
P t. B o y a l, &c.
W ilm in g to n ___

3,1 7 4
-- ---612
-----66

N orfolk..............
N ew p o rt N .,A c.

B a ltim o r e ..........
P h iladelph’a, Ac

Wed.

Thurs.

8,0 4 3
793

2 ,2 9 2
827
2,599
1,683

3,013
4 01

2,451
..........
632
.....

1 ,3 9 7
......
2 30
......
322

3,2 3 7
......
6 25
......
36

1,734
..........
183
..........
103

1,458
..........

396
........ .

1,255
......

1,889
......

8 60
..........

370

236

3 37

4 68

226

108

2 ,1 7 7

Total.

2,568
1,872
3 ,403
581
35
1,561
973
5 58
1
55
8
1,049
198

1 7 ,1 4 7
2 ,6 9 9
3 0 ,5 4 6
5,6 0 1
35
1 3 ,5 5 4
9 73
2 ,8 4 0
1
582
8
6,9 0 7 ’
19 8

3 97
793
48

1,808
793
7 03

9 ,2 4 0 1 4 ,.0 0

8 4 ,3 9 5

3 20

T o t’ls th is w eek 1 4 ,1 2 7 1 7 ,367 1 5 ,716 1 3 ,8 4 5

F ri.

1

The demat d for pot k has been quiet but prices have been
The following shows the week's total receipts, the total since
unchanged and steady, closing at 88 25@8 75 for mess, 88 50@ Sept. 1,1896, and the stock to-mgat, compared with last year.
110 for short clear and 89 50@jl0 for family. Cut meats have
S tock.
1 8 96-97.
1895-96.
Seen firmly held but demand has been quiet, closing at
R eceipts to
Since Sep.
This S in ce Sep.
This
4%c. for pickled bellies, 12(310 lbs. average, 5c. for pickled
Feb. 26.
1897.
18 9 6 .
W eek.
1, 18 9 6 .
W eek.
1, 1895.
shoulders and 8j^@9c. for pickled hams. B ef has bteD quiet
and with' ut change at 87@$8 for mess, 87 50@89 for packet, 89 G a lv e s to n ...
1 7 ,1 4 7 1 ,2 3 7 ,7 9 2 1 7 ,666 8 2 2 ,5 6 7
9 4 ,6 6 7
82,877"
(gfll for family and S13@14 for extra India mess. Beef hams
9 2 ,1 4 8
1,880
4,291
9 3 ,8 7 7
8 ,4 4 7
have been quiet at $18@818 50. Tallow has had a fairly T ex . 0 .,A o . 2 ,6 9 9
quick sale, principally to the home trade, and the close N ew O rleans 3 0 ,5 4 6 1 ,8 2 8 ,0 9 9 2 6 ,2 6 6 1 ,5 0 7 ,4 6 3 3 6 2 ,4 0 8 3 1 3 ,1 7 3
2 5 6 ,7 6 0
3 ,2 2 0
22,641
5,601
1 78,168
2 9 ,1 7 7
was firm at 3!<jC. bid and 3%c. asked. Oleo-stearine has been M o b ile .........
6 8 ,7 2 6
35
2 4 ,969
in better demand and firmer, closing at 4 l-16@4l^c. Lard F lo rid a .........
7 4 ,4 5 0
6 8 ,4 8 0
stearine has been steady at 4}£c. Cotton-seed oil has had only a S a v a n n a h . . . 13,554 7 4 5 ,9 2 3 1 6 ,656 6 4 4 ,1 3 0
341
9 73 1 36,174
1 0 5 ,5 6 3
1 ,1 7 2
2 ,2 9 2
limited sale, but values have held steady, closing at 20@201£c. B r’w ick, Ac
6,0 0 3 2 5 7 ,1 1 6
2 ,8 4 0 3 7 1 ,1 9 8
3 5 ,6 7 2
3 9 ,2 7 8
for prime crude and 23h£@24c. for prime yellow. The fancy C h a r le sto n .
5 3 ,4 8 6
5,3 3 3
1
5 8 ,4 2 5
grades of butter have had a moderate call at steady prices, P. R oyal, Ac
5 82 2 2 9 ,0 4 1
1,4 5 0
8,5 2 9
1 5 4 ,6 2 6
12,553
closing at 13@19c. for creamery. Cheese has been in fair W ilm ington.
.,
Waah’n.Ac.
82 6
3
7 43
8
demand and firm at 9@12}^c. for State factory, full cream.
3 4 ,3 9 2
1 6 ,446
Fresh eggs have been in fair request, but prices have weak­ N o r fo lk ____ 6,9 0 7 6 3 5 ,6 7 9 9 ,9 2 6 2 6 4 ,2 4 0
N 'p ortN .,A c.
1 4 ,736
1,361
4 ,2 3 2
ened slightlv. closing at 17c. for choice Western.
100
198
153,534
4 2 ,3 4 8
4 2 ,5 0 4
Brtzil growths of coffee have been quiet, but prices have N ew Y o r k ..
542
2 6 4 ,3 3 1
1 8 6 ,0 1 9
2 1 ,0 0 0
held steady, closing at 9%c. for Rio No. 7. The East India B oston ..........
4 3 8 ,1 5 7
2,4 2 7
8 2 ,341
2 0 ,0 0 0
1 ,8 0 8
growths of the mild grades have been in active demand and B a ltim o re . . .
793
5 3 ,7 8 9
649
3 9 ,0 4 6
15,594
1 8 ,6 1 8
prices have advanced, closing at 24 a25c. for standard Java P h lla<iel.,4o.
703
3 0 ,3 2 7
1,4 3 6
3 0 ,3 4 9
9 ,9 8 3
7,781
and 161^c. for gocd Cucuta. There has been increased activ­ T o ta lB ........
9 3 0 ,1 6 0 8 2 8 ,4 3 3
8
4
,3
9
5
5
,9
4
0
,2
0
9
9
5
,6
5
9
4
,4
6
0
,2
1
1
ity to the trading in the market for contracts, and on moder­
ate tuying by local operators prices have advanced slightly.
In order that comparison may be made with other years, we
The clote was steady. Following were the final asking prices: give below the totals at leading ports for six seasons.
F eb... ................. 9-20o. . May................ 9-200. I Aug ..................... 9-cOo.
M arch— ........... 9-15o. June .................... 9 ‘2 !o . Sept................
9 3(’ c
A p ril.................... 9-20O.
I J u l y . 9'2 5 c. 1 D e o ...................... 9-3Co'

R eceipts a t—

G a lv e s’n Ac.
N ew O rleans
M o b ile ..........
S a v a n n a h ...
C has’to n , Ac
Wilm’ton .A c
N o r fo lk ____
N. N ew s, Ac.
All o th e r s ..

1897.

1896.

1895.

1894.

1893.

19,846
3 0 ,5 4 6
5,601
1 3 ,554
2,841
590
6,9 0 7
193
4 ,3 1 2

1 9 ,546
2 6 ,2 6 8
3 ,2 2 0
1 6 ,6 5 6
1 1 ,3 3 6
1,453
9 ,9 2 6
1,361
5 ,8 9 5

2 3 ,9 7 7
4 5 ,2 5 5
3 ,4 7 2
1 5 ,867
8,961
2 ,0 0 2
7 ,3 1 8
5,7 5 6
2 5 ,3 3 2

6 ,7 9 4
2 1 ,7 9 3
2,0 8 4
9 ,6 4 5
1,822
7 90
5,8 5 9
5 ,2 5 2
1 3 ,8 2 0

13,467
2 8 ,5 5 5
3,0 1 5
4,4 9 5
2 ,1 0 0
354
3 ,7 0 1
1 ,3 9 0
7 ,9 6 1

18 9 2 .

1 5 ,611
Raw sugars have had only a limited sale, as refiners, owing
5 3 ,8 5 1
to wt alter foreign advices, have been holding back, prices,
3 ,4 7 1
however, have been fairly.well maintained, closing at
1 3 ,1 1 8
for centrifugals, 90 c'eg. test., and 2 1310c. for muscovado,
4 ,7 5 0
89-deg. test. Refined sugars have been quiet and the soft
1,391
grades have been lowered l-16@i£c ; granulated has been un­
8 ,4 5 9
changed, closing at 4®£c. Teas have been quiet but steady.
6 ,3 7 1
Spices have been in fair demand and firm.
1 2 ,7 3 0
There has been a demand for the better grades of Ken­
tucky tobacco, but owing to light supplies the sales made Tot. th is wk. 8 4 ,395 9 5 ,6 5 9 13 7 ,9 4 0 6 7 ,858 6 5 ,041 119,758have been small; pric<s have been firm. Seed leaf tobacco
has been in active demand at outside prices. Sales for the Sin ce S ep t. 1 5 9 4 0 ,2 0 9 4460 ,2 1 1 6 7 3 6 ,1 9 9 5 2 3 6 ,7 2 8 4348,391 6 1 9 2 ,7 4 8
week were 7,650 cases, as follows: 1,500 cases 1893 crop, Wis­
The exports for the week ending this evening reach a total
consin Havana. 8@9}£c ; 450 esses 1994 crop, Wisconsin Hav- af 113,494 bales, of which 41,883 were to Great Britain. 24,801
vana, 7@9c ; 775 cases 1895 cn p, Wisconsin Havana. 7(ol0e.; to France and 46,811 to the rest of the Continent. Below are
1,200 cases 1895 crop, Pennsylvania Havana. 10l£@12c.; 800 the exports for the week and since September 1, 1896.
cases 1895 crop, Pentsylvania seed leaf, 10@llc.; 425 cases
i r « 4 Ending Feb. 20, 1887.
From Sept 1, 1896, to Feb. 26, 1897
1894 crop, Pennsylvania Havana, 11@12^c.; 400 cases 1894
Exported to—
Exported to—
crop, Pennsylvania seed, 9}£@10>£c.; 300 cases 1895 crop,
Or
eat
Conti­ Totai
Great
Conti­
from—
New England Havana, 13@20c.; 200 cases 1892 crop, Penn­
Total.
Brit’n. France nent. Week . Britain. France nent.
sylvania Havana, 12013^0.; 600 cases 1893 crop, Pennsylva­
nia Havana, 12J£@18J£o., &c.; also 1,100 bales Havana at 65''. Galveston__ 10,946 4,846 19,721 35,513 675,733 101,994 240,207 1,077", 939
247
247
J.7.C42
17,042
to 81 20 in bond and 275 bales Sumatra at 70c. to $l 75 in bond. Tex. City, Ac.
Sew Orleans
7.061 18,685
8,350 34.096 670,317 344,692 425,174 1,440,183
There has been a quiet market for Straits tin but prices Mobile...........
6,165
4,037 10,252
127,501
23,492 150,993
have advanced on foreign advices, closing firm at 13S0@ Florida..........
48,480
6,402
63,882
13-90c. Ingot copper has bad only a limited call, but prices Savannah ...
5,701
5,701
49,263 15,341 302,948 367,562
have been maintainrd, clcsing steadv at 12c. for Lake. Brunswick...
86,870
3,865
2,975
2,97 o
90,235
Lead has further advanced and the close was firm at 3 32^ Charleston..
78,339
174,326 252,665
(33'37J£c. for domestic. Spelter has also advanced and closed Port R oyal...
56,674
66,674
at 4'05®4-10c. for demesne. Pig iron has had a better sale Wilmington..
95,431
104,803 200,234
Norfolk.......
DO
60 139,797
5,200
32,959 177,956
and the close was firm at 810 5C@fl2 50 for domestic.
9,28o
9.280
Refined petroleum bas been steady, clu-i' g at 6-30c. in N’port N .t A c..
New
York....
6,105
16,970
10,596
1,270
234.171
125,24”
379,710
20,292
bbig., 3-80c, in bulk atd 7c. in cases; naphtha dull at 6J^c.
Boston......
2.020
2,020
191,228
1,788
193,016
Crude certificates have been neglected. Credit balances have Baltimore__
2,120
67,627
6,802
44,905 119,394
been steady at 91c. Spirits turpentine closed fairly active Philadelphia.. 2,120
100
100
449
7,43i
7,883
snd higher at 29@29J£c. bid. Resin bas bren dull and un­ 8.
Fran., Ac....
3,450
3,450
62)
44,003
44,624
changed at $1 70 for cummon and good strained. Wool bas
continued in fair demand and firm. Hops have been quiet T o ta l....... 41,882 24,801 46,811 113,494 2,538,274 654,321 1,540,67 0 4 639,265
and barely steady.
Total, 1895-96. 74,768 7,279 53,886 135,433 1,667,423 809,480 1,882,407 3,289,310

TH E

428

C H R O N IC L E .

In a4ditu i to a,bovo exports, our telegrams to-night also

giv t* un t h e following amount-* of cotton on shipboard, not
We add similar figures for
$$S&i ed. at the ports named.
{ f e w York, w h ich are trenared for our special use by Messrs.

'
28 4$t—

0$i SlUPBOiBS , s o t CLEARED FOR—
Other Ooast
€hrt&t
Britain* Brants Foreign teise.
877
951
None.
2,000
None.
2,500
None.
None.

47,073
27,178
12,000
5,000
10,500
9,200
10,100
16,000

315,335
67,489
56,480
30,672
12.1-11
7,240
254,231
49,515

Total 1897...

43,439 10,882 70,402

6,328

137,051

793,109

Total 189ft,..
Total 1898...

57,935
8,308 62,208
42,345 12,155 88,094

14,839 113,350
15,129 155,723

635,083
834,305

Aaraaiiah........
Cfei£hNKt#B'«* ♦.
M obile. . . . ..
If€Krf®Ut
Kew Yt4rk-,...,.
Otfaer port*,,..

8,547
11,092
None.
None-,
5.500
4.500
4,800
0,000

T h e S a l e s a n d P r ic e s o f F u t u r e s at Ne w York, are
shown in the following comprehensive table.

Leaving
itock.

Total.

11,422 20.227
4,000 10,475
None. 12,000
3.000
None.
6.000
None.
None
2,200
300 4,500
None. 7,000

If ®W OliQNkHS...

[ V o l , JLXIV,

at fly active, atjd owinjc to the fact that the liquidation of the
long interest in March contracts has been completed there has
been a gradual improvement in values. Saturday there was an
advance of 3 to 7 points in quotations, as foreign prices came
better than expected and were accompanied by a few buying
orders, which #c mulated some buying for local account.
Monday. Washington’s Birthday, was a holiday. The open­
ing prices of ihe market on Tuesday showed a slight advance
in response to foreign advices. Subsequently, however, there
was a reaction, as full receipts prompted some selling, but
towards the close reports of an export demand for spot cotton
here and at the South stimulated a demand from shorts
to cover contracts and prices again improved. Wednes­
day the market was slightly weaker daring early ’Change
under the free issuing o f March notices amounting in all to
about 30,000 bales, but as they were well taken care of the
market rallied later in the day and the distant months closed
at a flight advance. Thursday the market was stronger.
Foreign advices were of an encouraging nature, the crop
movement was small, and reports from the Southern markets
were stronger, all of which stimulated buying, and prices
clo.-fd at an advance of 10@13 points for the day. To-day
the market opened 3@6 points higher and further advance.!
2 (if points on strong foreign advices and reports from the
Southern markets advising a good demand for spot cotton.
Subsequently th^re was a reaction of 5®7 points under re­
alizing sales, but towards the close dispatches from New Or­
leans stating that the supply of cotton that had come into
sight for tne week had been small stimulated buying and
prices again advanced, closing steady at an advance of 1@7
points for the day. Cotton on the spot has been in fair de­
mand for export, and Thursday prices advanced %c. To-day
the market was l-16o, higher, middliog uplands closing at
7 5- 16c,
The total sales for forward delivery for the week are
005.100 bales. For immediate delivery the total sales foot
up this week 10,44.0 bales, including 8,116 for export, 3.224
for consumption,.----- for speculation and 100 on contract.
The following are the official quotations for each day of the
past week—February 20 to Feoruary 26.
Rates on and off middling, as established Nov. 22, 1893.
and revised Dec. 11, 1895, by the Revision Committee at whiol
grades other than middling may be delivered on contract:

Fair................ ........o. 1'4

on.
on.
on.
Good Middling.................. s,s on.
Strict Low M iddling_____
on.
.......... . % off.
Low Middling
Btriot Good Ordinary___ 11,8 off.
M iddling B air............... .
S trict G ood M iddling........

’a
*a

G ood O r d in a r y ...... .......... c. 1

off.

Good Middling T in ged ...
Even.
Strict Middling Stained.. 7S2 off.
Middling Stained............. % off.
Striot. Low Mid. Stair..",a.. 25s„ oft.
Low Middling Stained___T-H ‘ off.

On this ban's the prices for a few of the grades would be as
follows.
Hat.

uplands

M on T

uck

Good Ordinary........................... ft’s
ft’s
Low Middling......................... .. 64i
a
ftll
Middling.................................
7>«
7 "ft
Good HuHlinir. ___ .
7 ’ 18
V
Middling Fair"......................
8
8 it
I
GULF.
S a l. M o n T uck
CMwxi Ordinary ...
0%
6%
>.
Low Middling.................,
7
7
Middling
7=>a
7%
1
Good .Middling. ...
Middling Fair............
is ;18 1
S’*
KTAI.VKD.
Sat. M o n T uck
L©w MMdtiniE......... .
Middling..........................
fftJlo! .Middling..........
Good Middling ringed ......

5%
&H Holi­
«*»* day.
7%

W ed T il ,
ft’s
6*
7%

If 1-1.

6M
ft5l 6
6’ 3, b
7H
75is
7 », b 7%
V” 8>s 83,6
W e d T h . F r i.

670

6%
ft’s
7
7%
7%
7-s
7U,6 713!,
8M
83e

ftfl«
7»|«
7*16
7’ a

W ed T il.

Frig

6
5’ a
57g
678
a 4*
e*s>S2 « “ as 1\V!
71s1 7 >4
7’e

ft’ lfi
« u l«
7Jlgg
7<>?e

MARKET AND SALES.

Sf*0T MARKET
CU>SBD.

«AJUS» OF SPOT AND CONTRACT.
Kr- i Oon- Spec- Oonporl, j trump iu't’ n tract.

Sales o f
TOt»l. Futures,

®»4’d»y Steady. . . . . . . . . .
Monday.
Tumdmf Steady
WrdMay Steady
_____
Quiet at % adr.
S
i'? * 5’ -' Steady at ij„ ad.
WtUUkf*.

....

619

019

77,500

7,000
1.116
.— I
.— j

393
203
199
810

7,393
1,319
399
910

116,800
109.300
139,800
161,700

Totm. .

8,110: 2,224

100 10,440

605,100

io o

CW We have included in the above table, and shall continue each
weekto give, tlio average price of futures each day for each, month, ft
wlllbe found under each day following the abbreviation “ Av’ge,” The
averagefor each month for the week ia also given at bottom of table.
T h e V is ib l e S u p p l y o f C otton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well a s
those for Great Britain and the afloat are this week’s returns >
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Feb. 36i, we add the item of exports from
the United States, including in it the exports of Friday o n ly :

THE CHRONICLE

F e b r u a r y 27, 1897.J

1897
1896
1895
1894
S to c k a t L iv e r p o o l....... b a le s . 1 ,4 0 3 ,0 0 0 1 ,1 5 0 ,0 0 0 1 ,3 1 4 ,0 0 0 1 ,7 5 0 ,0 0 0
S to ck a t L o n d o n ..........................
5 .0 0 0
5 ,0 0 0
6 ,0 0 0
7 ,0 0 0
T o ta l G reat B rita in s to c k . 1 ,4 0 3 ,0 0 0 1 ,1 5 5 ,0 0 0 1 ,8 2 0 ,0 0 0 1 ,7 5 7 ,0 0 0
2 0 ,0 0 0
S tock a t H a m b u r g .....................
2 7 .0 0 0
2 5 .0 0 0
2 6 ,0 0 0
8 took a t B r e m e n ......................... 2 3 0 ,0 0 0 2 9 7 .0 0 0 3 5 7 .0 0 0 2 2 3 .0 0 0
1 7 .0 0 0
S tock a t A m s te r d a m .................
6 ,0 0 0
9 .0 0 0
1 7 .0 0 0
S tock a t R o tte r d a m ..................
300
200
200
200
2 0 .0 0 0
1 1 ,0 0 0
S to ck a t A n tw e r p .......................
1 6 ,0 0 0
1 2 .0 0 0
Stock a t H a v r e ............................. 2 3 6 ,0 0 0 3 0 7 .0 0 0 5 1 9 .0 0 0 4 7 5 .0 0 0
Stock a t M arseilles.
7 .0 0 0
7 ,0 0 0
5 ,0 0 0
5 ,0 0 0
Stock a t B a r c e lo n a .................. .
6 4 .0 0 0
7 7 .0 0 0
8 7 .0 0 0
6 9 .0 0 0
8 to c k a t G e n o a ............................
6 7 .0 0 0
5 2 .0 0 0
2 5 .0 0 0
1 3 .0 0 0
Stock a t T r ie s te ...........................
1 3 .0 0 0
1 8 .0 0 0
2 0 .0 0 0
1 5 .0 0 0
T o ta l C o n tin e n ta l sto c k s.. 6 3 7 ,3 0 0 8 2 6 ,2 0 0 1 ,0 6 4 ,2 0 0 8 6 7 ,2 0 0
T o ta l E u rop ea n s t o c k s .... 2 ,0 4 5 ,3 0 0 1 ,9 8 1 ,2 0 0 2 ,8 8 4 ,2 0 0 2 ,6 2 4 ,2 0 0
In d ia o o tto n a llo a t fo r E urope
5 0 .0 0 0 1 3 7 .0 0 0
9 6 .0 0 0 1 5 9 .0 0 0
A m er.ootton atloat fo r E urope 3 4 5 ,0 0 0 3 4 3 .0 0 0 4 2 1 ,0 0 0 3 1 1 .0 0 0
E g y p t,B ra z il,& c .,a flt.f or E ’pe
2 8 .0 0 0
4 2 ,0 0 0
3 0 .0 0 0
3 7 ,0 0 0
S to ck in U n ited S ta te s p o rts . 9 3 0 .1 6 0 8 2 8 ,4 3 3 9 8 9 ,0 2 3 8 8 1 ,6 6 5
S to ck in U . 8. in ter io r to w n s.. 3 7 4 ,2 3 3 4 1 0 ,9 8 3 4 0 2 ,7 28 3 4 7 ,0 4 0
U n ited S ta te s e x p o r ts to -d a y .
19 ,7 6 3
5 0 ,5 1 5
2 4 ,4 6 2
2 ,6 2 4
T o ta l v is ib le su D p ly ............ 3 ,8 2 3 ,3 2 2 3 ,7 8 4 ,0 7 8 4 ,7 9 4 ,7 1 9 4 ,3 9 3 ,4 2 0
O t th e a b o v e , to ta ls or A m e r ica n a n d o th er d e scr ip tio n s a re a s fo llo w s .
A m e r ic a n —

429

Qu o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s ,—

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
olosin o q u o t a t io n s f o b m iddling , cotton o n —

Feb. 26.

8 a tu r.

G a lv e s to n . .
N ew O rleans
M o b ile ..........
S a v a n n a h ...
C h a r le sto n ..
W ilm ington.
N o r fo lk ........
B a ltim o r e . .
P h iladelph ia
A u gu sta.......
M em phis___
9t. L o u is___
H o u s to n ___
C in c in n a ti..
L o u is v ille ...

6 i5 l6
6%
634
63,
6\
6 78
7i«
71,8
7%
7
613le
6 7a
6 7s
7
6 78

M on.

Tues.

.

7

;
•

615,8
6 34
63,
613,6
6 34
6 78

M
;
;
;
:

71,6
73g
7
6 78
6 78

W ednes.

7
7
63*
6%
6%
6 78
7L «
7%
7
6 78
613,6
7
7
7

7
7

T hu rs .

F r i.

71,8
71,8
6 78
615,8
7
6%
7
7%
7^6
73,6
73, a® H
615,3
7 l,»
71,8
7
7

71,8
6 78
63 ,
7
7!8
7 1 .a
719

71,8
6 1o!6
7
7
7
7

The closing quotations to-day (Friday) at other important
Southern markets were as follows.

9 6 1 .0 0 0 1 ,6 6 6 ,0 0 0 1 ,4 8 1 ,0 0 0
L iverp ool s to c k ............... b a le s . 1 ,2 2 3 ,0 0 0
C o n tin en ta l s to c k s ...................... 5 8 0 ,0 0 0 7 3 3 .0 0 0 9 7 5 ,0 0 0 7 5 4 ,0 0 0 A t la n t a _______ 6 i s , e | E o f a u la ...........
6 7a N a to h e z . . .
6 7a
A m erican afloa t for E u r o p e .. 3 4 5 ,0 0 0 3----------4 3 ,0 0 0 4 2 1 ,0 0 0 3 1 1 ,0 0 0 C h a r lo tte .......... 7 ^
L ittle R o o k ....
6% R a le ig h ___
6 7a
9 3 0 ,1 6 0 8 2 8 ,4 3 3 9 8 9 ,0 2 8 8 8 1 ,6 6 5 O
U n ited S ta te s s to c k ...................
olnm
bus,
G
a.
6%
M
o
n
tg
o
m
er
y
...
7
S e lm a ...........
U n ited S ta te s in terio r s to c k s . 3 7 4 ,2 3 8
4 1 0 ,9 8 3 4 0 2 ,7 2 8 3 4 7 ,0 4 0
O
olnm
bus.
M
iss
6
^
1
N
a
s
h
v
ille
6?t
..........
8
h
rev
ep
o
rt.
6 9ia
2 4 ,4 6 2
1 9 ,7 6 3
U n ited S ta te s e x p o r ts to -d a y .
2 ,6 2 4
5 0 ,5 1 5
R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following table
T o ta l A m e r ica n ................... 3 ,4 5 5 ,0 2 2 3 ,2 9 9 ,8 7 8 4 ,4 7 3 ,5 1 9 3 ,8 2 5 ,2 2 0
E a st I n d ia n , B r a z il, <te.—
Indicates the actual movement each week from the plantations.
L iv e rp o o l s to c k ...........................
1 8 0 ,0 0 0
1 9 0 ,0 0 0
1 4 8 ,0 0 0 2 6 9 ,0 0 0 The figures do not include overland receipts nor Southern
L on d on s to c k ................................
5 ,0 0 0
5 ,0 0 0
6 ,0 0 0
7 ,0 0 0
C o n tin e n ta l s to c k s.....................
5 7 ,3 0 0
9 3 ,2 0 0
8 9 ,2 0 0 1 1 3 ,2 0 0 consumption; they are simply a statement of the weeklyIn d ia a float fo r E u r o p e ............
9 6 ,0 0 0
1 5 9 ,0 0 0
5 0 ,0 0 0 1 3 7 ,0 0 0 movement from the plantations of that part of the crop which
E g y p t, B razil, A c., a flo a t........
3 0 ,0 0 0
3 7 ,0 0 0
2 8 ,0 0 0
4 2 ,0 0 0 finally reaches the market through the outports.
T o ta l E a s t India, A o................................ 3 6 8 ,3 0 0 4 5 4 .2 0 0 3 2 1 ,2 0 0 5 6 3 ,2 0 0
T o ta l A m erican ’................... 3 ,4 5 5 ,0 2 2 3 ,2 9 9 ,8 7 8 4 .4 7 3 ,5 1 9 3 ,8 2 5 ,2 2 0
Wttk
Receipts at the Ports. St'kat Interior Towns. R «c’pta from Plant*ns.
T otal v is ib le s u p p l y ............3 ,8 2 3 ,3 2 2 3 ,7 8 4 .0 7 8 4 ,7 9 4 ,7 1 9 4 ,3 9 3 .4 2 0
1897.
1896.
1895.
1897.
1897. I 1896. I 1895.
1896.
1895.
M iddling U plan d, L iv e rp o o l..
4d.
3d.
4 3 i0d .
4 ia ,2d.
M iddling U plan d, N ew Y ork.
75l f 0.
5®i«o.
713,80.
7580. Jan. 22....... 130.160 112.396 218,026 502.917 633,688 507,480 100.958 93,475 190,482
E g y p t G ooa B row n , L iverpool
5kd.
55. *d.
4%d.
6 5 ,6d.
** 29....... 138.302 122 902 199.835 471,186 605,878 489,801 106,571 95,092 1S2.150
P eru v .R o u g h G ood, L iverp ool
6*4d.
5 i3 lftd.
5**d.
6 7ied.
B roach F in e , L iv e rp o o l............
4d.
4Jlfld. Feb. 6 ...... 101,664,113.689,165.098 444,400 479.143 460,453 74,778 86,854 131,760
43, ed.
3 led.
* 12....... 119,423! 106.446 132,989 429.004 458.279 442.289 104,117 85,582 108,825
T ln n e v e lly G ood, L iv e r p o o l..
3316d.
4*4d.
4 i 32d.
43!(sd.

The imports into Continental ports the past week have
•been 83,000 bales.
The above figures indicate an in crea se in the cotton in sight
to-night of 39,244 bales as compared with the same date
of 1896, a falling off of 971,397 bales from the corresponding
date of 1895 and a decrease of 570,098 bales from 1894.
A t t h e Lv t e r i o r T o w n s 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 of 1895-96—is set out in detail below.

M
M

19.......
26
..

81.394j 109,3951 91,80? 101,906 438.4H7 420,209 57,746
81.395' 95.859 137.910 374.238 410.983 402.728 50,728

89,603 69,787
08,155 120.399

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1896, are 6,193,353 bales; in
1895-96 were 4,838,494 bales; in 1894-95 were 7,081,593 bales.
2.—That although the receipts at the outports the past week
were 84.395 bales, the actual movement from plantations was
only 56,728 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 68,155 bales and for 1895 they were
120,399 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in g e S e p t . 1 .—
1 8 96-97.
F e b r u a r y 26 .
W eek.

3 3

*5

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•

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V c o c M -i* wTc x © co'T-'T-*
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—© >-• »0 © CO03 3* <* © to

Since
Sept. 1.

T otal frross o v e r la n d .................

1 1 ,030
5,5 7 7
30

2,5 2 6
4,2 4 3
1,989

4 2 7 ,1 1 6
23 1 ,0 6 1
1 3 ,407
2.1 7 8
1 1 3 .7 6 4
10 9 ,6 3 9
9 9 ,4 4 5

2,5 5 5
2,7 7 3
1,341

4 2 4 ,2 8 5
1 9 6 ,6 7 4
1 3 ,3 9 8
60
1 0 6 ,5 2 4
6 8 ,3 6 5
7 2 ,7 9 2

2 5 ,9 0 2

9 9 6 ,6 1 0

2 3 ,3 0 6

88 2 ,0 9 8

3,3 0 4
49
6 69

264,621
3,231
2 5 ,8 7 7

5,0 5 4
48
1,559

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

4,0 2 2

2 9 3 ,7 2 9

6,6 6 1

2 3 2 ,3 3 1

L eavin g t o ta l n e t o v e rla n d * .. 2 1 ,8 8 0 70 2 .8 8 1
* In clu d in g m o v e m e n t by r a il to C anada.

1 6 ,645

6 4 9 ,7 6 7

O verland to N. Y ., b o s to n , A o..
B etw ee n in ter io r to w n s ..............
In la n d , &c.. from S o u th ...............

£ S

T otal to be d e d u c te d ................

t - l

•fi
g

a m

to >-* *-*
w »->-*bc^ T c ’- m h T i

V ia St. L o u is .....................................
Via C airo............................................
Via P a r k e r .........................................
Via E v a n s v ille ...............................
Via L o u is v ille ...................................
Via C in c in n a ti................................ .
Via o th er r o u te s, A o.....................

8,1 3 9
8,0 8 2
9 23

Deduct sh ip m en ts—

*•5'

w a o T .o * t c w o * j « 'j * '
©
bo to to © «• to w > •->►
-*cc

Week.

ship p ed—

,.g .3 .g § . ? | ........... i l l
:

Since
Sept. 1

1895-96.

The foregoing shows that the week’s net overland movement
this year has been 21,880 bales, against 16,615 bales for the
week in 1890, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 53,114 bales,
In Bight a n d Spinners*
T akings.

I?

X© C*© © to rfw© «*J^.1** W6CtCCO> © —©

R eoelpte a t p o rts to Feb. 2 6 ____
N et overlan d to Feb. 2 6 ...................
Southern con su m p tio n to Feb. 26

1 8 96-97.
W eek.

Since
Sept. 1.

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

1895-96.
W eek.

Since
Sept. 1.

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

T o ta l m a r k e te d ............................ 1 26,275 7 ,1 7 1 ,0 9 0 130,304 5 ,6 2 5 ,9 7 8
Interior s to c k s in e x c e s s ................. ‘ 2 7 ,667 2 5 3 ,6 4 4 * 2 7 ,5 0 4 3 7 8 ,2 8 3
Cam e Into sig h t d u rin g w e ek .
T o ta l in s ig h t F eb . 2 6 ..............
P

M©
p
M MUU
MO0COto Mta* J-*
WWI> :j*C*Mm"o to to O COW tOW»®MOSClVotC® ^ 0*0 00 <| to
^jwtox~x©©©^.w-i-4CJC3C*io©^to*k*-bOtoc3©-Ji&»octoo
O^OOSMWCftOOOX'J'MOOOJMtiOrO'OOKWClM'JiJ-**

SJ
l£ l

N orth’n sp in n e r s ta k ’g e to Feb. 26
* D ecrease du rin g w eek .

9 8 ,6 0 8

7 ,4 2 4 ,7 3 4

3 9 ,443 1 ,2 6 6 ,1 8 2

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

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
graph this evening indicate that rain has fallen in most dis­
tricts of the South during the week, but that except along the
Atlantic the precipitation has been light. The temperature
has been favorable. In Texas farm work has progressed
rapidly and in the southern portions of the State farmers are
The abovetotals show that the interior stocks have d ecreased ready to begin planting. Land in Texas is said to be in good
during the week 27 6G7 bales and are now 33,745 bales less condition generally, but that in some localities moisture is
than at same period last year. The receipts at all the towrs net ded.
havebeen 4,081) hales more thansameweeklast yearand since
O alveston. T exas. — In general the w e a t h e r has been favor­
tJept. 1 they are 330,111 hal°s m ore than for same time in 1895-6. able for farming interests. Plowing has pogresied rapidly
to
O
*J M
M
to.-*
to
M
© U CC
-vj to O p
© p MOO p X X to X W*0 © f* p *- j o ^ 00V © m o b i to*—a w b i o o w m a * i .V o .b b b V o ' i * u ® b
Wto X o Mc*» tc —O to to © o - J© O O © Xt to X —-1 ~ C3C © V»W
i —0
- I X © © © /. 00 X —OOX f 0© Of © © 'X-> —
* This year’ s figures estimated.
♦ Last year’ s figures are for Newberry, S. C.

480

TH E

C H R O N IC L E

showing the height of the rivers at the points named at
8 o'clock February 23, 1897, and February 27, 1896.
Feb. 25, ’97. Feb. 27, *96.
Feet.
Feet.
12-5
110
23‘8
16-9
330
6-3
10
17-0
33-3
32'S

New Orleans.......
Memphis.............
Nashville.............
Shreveport...........
Vicksburg............

J ote B crrs, Bagging , &c ,— There is little or no demand
for jute bagging at present, but quotations are nominally
unchanged at 4s£o. for \% lbs., 5c. for 2 lbs. and 5J^c. for
standard grades in a jobbing wav. Car load 1 us of standard
brands are quoted at 4%C. for \% lbs., 5c. for 8 lbs. and 51£c.
for 2}4 lbs. f. o. b. at New York. Jute butts are d u ll'a t
ll-lflc. for paper quality, 1 ■40@l}.£e. for mixing and bagging
and 1 and l% c. for spinning butts, all to arrive.
I ndia Cotton Movement F rom all P orts.—The receipts
and shipments o f cotton at Bombay have been as follows for
the week and year, bringing the figures down to Feb. 25.
BOMBAY BHOBIFT8 AND SHIPMENTS FOR POOS YEARS.
Shipments this week. Shipments since Sept. 1.
Conti­
Great
tea r Great Conti­
Total.
Brit'n. nent* Total. Britain nent.
>96-7
95-6
94-5
93-4

........

Receipts.
Since
This
Week. Sept. 1.

13.000 13.000
7.000 194.000 201,000
43.000 43.000 24.000 300.000 321.000
2.000 81,000
83,000
38",000 38.000 20.000 259.000 279.000
Shipments fo r the week.
Shipments
Great
Britain.

Conti­
nent.

Oaloutta—
1896-97...
1895- 96...
dadras189697...
1895- 9 6 ...
All others—
1896- 97...
1,000
1895-96...
total all—
1896-97...
1895-96...

1,000

i ’o o o

i'.ob o

50.000 673.000
09.000 1,036,000
32.000 438.000
71.000 748.000
since Sept. 1 .

Great
Britain. Continent,

Total.

IWai.

4.000
3.000

19.000
13.000

23.000
10.000

i'.oob

9.000
18,000

17.000
13.000

26,000
31.000

1,000

13.000
20.000

41.000
30.000

54.000
50.000

2,000

26,000
41,000

77.000
50.000

103,000
97,00 0

EXPORTS TO EUROPE FROM A I L IND IA.

Shipments
io all Europe
from—
All other ports

1890-97.

1894-95.

1895-96.

This
week.

Since
Sept, 1.

This
week.

Since
Sept. 1.

13,000

201.000 43,000
103,000
2,000

This
week.

324,000
97,000

Since
Sept. 1.
83.000
78.000

3,000

13,000 304,000 45,000 421,000
3,000
ALEXANDRIA RECEIPTS AND SHIPMENTS.

Total

Alexandria, Egypt,
February 24.

1894-95.

Since
This
week. Sept. 1.

85,000
4,766,000
This | Since
week. )Sept. 1.

100,000
4,170,000
This
Since
week. Sept. 1.

10,000 250.000
11.000)222,000

5.000 207.000
9.000 220.000

7.000 217.000
5.000 228.000

Receipts (oantars*)—
This week........ ...
Sinoe Sept. 1.............

120,000
4,970,000

Exports (bales)—
To Liverpool . . . . .
To Ooottoeuti. . .

161,000

1895-96.

1896-97.

1rM

IL4,000 487,000 12,000(445,000
total Europe
* A oantarts98 Mounds.
|Of which to America la 1396-97, 23,517 bales; in 1895-96, 42,641
bales; in 1S94-95, 28.624 bales.
01

and farmer* ar<* nsady to begin planting cotton over
-.luiberu jx>rlu>n of -Sixte. Lind La in gooi condition except
is *otue localities where good rain Is needed. We have had
rata oo two day* during (he week, the precipitation reaching
eisht hundredth.* of an inch. Th * thermometer has ranged
from 48 to 13. averaging 8!.
Tukstinr, Texas,— W« have had light rain on one day dur­
ing the past week, th * rainfall being five hundredths of an
inch. Average therm meter 59, highest SO and lowest 3S.
Jkjntr —There has been light rain on one day of
the week, the rainfall reaching five hundredths of an inch.
The thermometer has averaged 60, the highest being 80 and
lilt? lowrtt 40*
Duff.**,
There has been bat a trace of rain during
the vn ek. Rain would be beneficial. The thermometer has
averaged 58, ranging from 32 to 85,
San AnUmio, Tt.ru.*,—The weather the past week has favored
farm work There has been but a trace of rain. The ther­
mometer has ranged from 42 to 80, averaging 61.
Luting, Texas.—Farm work is well advanced, hut a g o o l
nun is i ntSlj needed. Rain has fallen lightly on one day of
the w, . k, the rainfall r aching six hundredths of an inch.
Average therm, meter 64, highest 88, lowest 40.
Columbia, Texas.—We have bad onlya trace of rain during
the week. Toe thermometer has averaged 67. the highest
being 82 aud the lowest 53.
Cuero. Texas.—There has beeu light rain on one day the
past week, with rainfall of five hundredths of an inch. Tae
thermometer has averaged 00, ranging from 50 to 83.
Brenhum, Texas.—We have had one shower during the
week, the precipitation reaching two hundredths of an inch.
The thermomet- r has ranged from 45 to 80, averaging 61.
Fort Worth, Texas.—We have had only a trace of rain dur­
ing the week. The thermometer has averaged 58, the high­
est being 88 and the lowest 32.
Weatherford, Texas.—There has been only a trace of rain
the past week. The thermometer has averaged 58, ranging
from 83 io 84.
■Veir Orleans. Louisiana .—We have had rain on two days of
the week, the rainfall being thirty hundredths of an inch.
The thermometer has averaged 60.
Shreveport. Louisiana, —There has been rain on two days of
the past week, the precipitation reaching four hundredths of
an inch. Average thermometer 60, highest 79 and lowest 40.
Columbus, Mississippi.—We have had rain on three days of
the week. The thermometer has averaged 53, the highest
being 78 and the lowest 38.
Leiand, Mississippi.—Telegram not received.
Vicksburg, Mississippi.—Rain has fallen on two days of the
wees, the rainfall reaching forty-two hundredths of an inch.
The thermometer has ranged from 40 to 77, averaging 60.
Little Hock, Arkansas.—It has rained on two days of the
week, the rainfall reaching ten hundredths of an inch. The
thermometer has averaged 58, ranging from 44 to 83.
Helena. Arkansas —Farmers are rushing their work: some
are preparing for an increase in cotton area, but others will
devote less gr. und to the staple than last year. There has
been light rain on tw* days of the week, the precipitation
being twenty-one hundredths of an inch. It is raining to­
day. The thermometer has ranged from 3 to 74, averaging 52.
Memphis, Tennessee,—The river is eight and eight-tenths
-low the danger line, and rising. Rain has fallen on two
days of the week, to the extent of forty hundredths of an
inch. Average thermometer 58, highest 76 and lowest 83-4.
Susl.viitr. 7 enmstee.- There has been rain during the week
to the extent of one inch and thirty-two hundredths. The
thermometer h.u averaged 53, the highest being 78 and the
lowest 29.
Mobile. Alabama,—There has been rain ou four days of the
we. k. the rainfall reaching ninety-eight hundredths of an
inch. The thermometer has averaged 08, the highest being
76 and the lowest 43.
Montgomery, Alabama.— We have had rain on six days of
the week, the precipitation reaching eighty-one hundredths
of mi Inch, but now the weather is coni and drr. The tharraotntrier ha* averaged 62, ranging from 50 to 63.
Madison. Florida.—Rain has fallen on five days of the
-wi. a. to the extent of five inches and ten hundredths. Aver­
age thermometer 04, highest 74 and lowest 51.
Augusta, Georgia, —We have had rain on four days of the
w i t , the precipitation being two Inches and sixty-Beven
hundredth*. The thermometer has averaged 57, the highest
living ?r>and the low-M 43.
S-ircj ia-ih, Georgia. - i t has rained on four dvys of the
wrefc, to the extent of two inches and eighty-two hundredths.
The thermometer ha* tanged from 48 to Hi,"averaging 63
Charleston, South Carolina,—Them has been rain on three
d a y . daring the week, to the extent o f two inches and sixt*-. n hundredth* Tin* thermometer has averaged 59, the
h»gb> »t being 72 and the lowest 47.
state),,try. Smith Carolina.—It has been cloudy all the week,
with rain on five d*y«, the precipitation being three inches
■to* thirty-five hundredth*. L itv grounds ate flooded. The
thermometer has averaged 55*8, ranging from 39 to 78.
, 'c-. on , i Smith Carolina,—There hag been rain on four
days of the week, the precipitation being one Inch and sixtysix hundredths. The thermometer has ranged from 45 to 63
averaging 54.
’
KTiv-m. Mirth Carolina.—Rain has fallen on two days of
to- w. ••*, to the extent of two incb«« and fifteen hundredths
Average thermometer 54, highest 78, lowest 40.
The following statement we have also received by telegraph

fV 0 L , L X IV .

Manchester Market ,—Our report received b y cable
to-night from Manchester states that the market is firm for
both yams and shirting.-. Toe demand for oth In lia and
China is improving. We give the prices for to-day below
and leave those ft r previous weeks of tois and last year for
comps rison:
1897,

18 9 6 .

8*4 lbs. Shirt­ Oott’ n

32* Oop. ings, common Mid.

Twist.

Jn . 22
29
Fob. 5
« 12
“ 19
« 26

d.
6%
OM
OAt
61a
6*9
63ie

d.
®7>s
®7>s
»7>«
®7
®7
®7ifl

to rtnest.

s. d.
4
4
4
4
4
4

Uplds

s. d.

1 ®6
1 ®6
1 36
0h !® 6
0 ®fl
0>a®8

7
7
7

0

5bi
6

d.

8H

lbs. Shirt­ Oolt’ n
Mid.
UpId.

3 2 s Oop. ings, common

Twist.

a.
a.
e»8 ®7%

to JInest.

s. d.
s.
4 4>a®6
®6
4 4 i* » 0
4 4 ®6
4 3V ® 6
4 3 ®6

6% «7 1 i 6 4 5

3.h 3< B \
6»18
Ola
6%

P

® 7he
®7»1«
®7Xi
® 7 is

d.
7i*
8
7i*
7
7
6hi

d.
4'»S*
4*9
49,6
h i‘i §

41*

S e a I s l a n d C otto n M o v e m e n t .—
1896-97.
Receipts to Feb. 26.

Total...........................

1895-96.

Stock

Since
This
This
Since
week. Sept. 1. week. Sept. 1. 1897. 1816
734 80,022
ft 10,101
35
6,435

442 71,475 18,293 13,143:
118 10,177 3,734 2,524
4,783 4,290 1,779

774

560

90,618

80,435 28,317 17,440

The exports for the week ending this evening reach a
total of 1,385 bales, of which 1,165 baleB were to Great Britain,
70 to France and — to Reval, and the amount forwarded to
Northern mills has been 735 bales. Below are the exports
for the week jnd since September 1 in 1896-97 and 1895-96.

THE CHRONICLE.

F e b r u a r y 27, 1897.j
Week E n d in g Feb. 26.
E x p o rts
fr o m —

S ince Sept. 1 , 1 8 9 6 .

G reat F r’ nce
G reat F r ’ nce
Total.
T ota l . B riVn.
<£c.
dtc.
B rit’ n.

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

N orth’ n M i l l *
Sinct
W eek. Sept. ]

6 9 0 2 2 ,7 3 5
1,2 7 6
35 6,4 3 5
......
....
.....
......
.......... ........

..........

15,029
.......... 2 ,9 3 3
557 8.9 1 5
6 78 7 ,2 4 5
5 75
..........

T e t a l.........

1 ,1 6 5

70

1,235 3 4 ,6 9 6

8,1 3 1 4 2 ,8 2 7

7 2 5 3 0 ,4 4 6

T o ta l 1895-6

634

135

7 6 9 3 0 ,9 5 8

5 ,7 8 3 3 6 ,7 4 1

7 2 ll3 2 ,6 3 3

S’v a n n ’h, &c
Chari’t ’n,<fec
Florida, &c.
N ew Y ork ..
B o s t o n .........
Ph ila., & o...

..........
487
678
..........

........
70

5 ,2 5 3 1 4 ,1 6 8
7 ,2 4 5
102
677

Q u o t a t io n s F e b . 26 a t S a v a n n a h , fo r F l o r id a s , c o m m o n ,
9 c .; m e d iu m f in e , l l j ^ c . ; c h o i c e , 1 4 J £ c .
C h a r le s t o n , C a r o lin a s , m e d i u m r in e , 1 7 ^ c . ; f in e , 1 8 c .;
f u l l y f in e , 1 9 @ 2 0 c .; e x t r a f in e , 2 5 @ 2 8 c .
S h i p p i n g N e w s ,— T h e e x p o r t s o f c o t t o n f r o m t h e U n i t e d
S t a t e s t h e p a s t w e e k , a s p e r la te s t m a il r e t u r n s , h a v e r e a c h e d
1 0 1 ,9 4 5 b a le s .

431

Liverpool.—By cable from Liverpool we have the following
statement of the week’s sales, stocks. &o., at that port.
F eb. 12.

Feb. 5.

S a les of th e w e e k ............b a le s.
Of w hioh e x p o r te rs to o k ___
Of w h ioh sp e cu la to r s t o o k ..
S a les A m e r ica n .............................
A ctu a l e x p o r t................................
T otal sto ck —E stim a te d ............
Of w h ich A m erican—E stim ’d
T otal im p ort o f th e w e e k ..........
Of w h ich A m erica n .................
A m ou n t a flo a t...............................
Of w hioh A m e r ica n .................

T o t a l.• • . . m . . . . . . m
m
.. v*...a......«, . . . . . . . . 101, 945
B e lo w w e a d d t h e c le a r a n c e s t h is w e e k o f v e s s e ls c a r r y in g
c o tto n fr o m U n it e d S t a t e s p o r ts , b r in g in g o u r d a ta d o w n t o
t h e la te s t d a tes:
Q alvebton —To L iv e rp o o l—Feb. 19—Steam er E den I la ll. 7 ,2 0 0 .
To M anchester—F eb. 1 9 —S team er O liandelboye, 9 ,7 1 6 .
To H a v r e -F e b . 2 3 —S team er L iv, 4 .3 4 6 .
To B rem en—Feb 1 9 —Steam ers N etherby H a ll, 9 ,3 0 r; T ripoli, 4 ,3 5 6
... F eo. 2 4 —Steam er D eram ore. 4 ,1 u .
To H a m b u r g -F e b . 2 2 —Steam er H ib ernia, 2 2 7 ...F e b . 2 3 - Steam er
W oodleigh, 824.
To C openhagen—Feb. 2 0 —Steam er H igh lan d er, 9 0 0 .
N e w Orleans To L iv e r p o o l-F e b . 2b -S te a m e r , G ad ltan o, 2,000;
Moza t, 1,250.
To M anchester—Feb. 2 0 —Steam er V elled a , 3 ,8 1 1 .
To H avre—Feb. 2 4 -S te a m e r M ilw aukee. 1 8 ,6 8 5 .
To B arcelona—Feb. l a —Steam ers Oonde W ilfredo, 9 2 5
Ju a n
Forgae. 2 , l n0.
To G enoa—Feb. 19—Steam ers C oade W ilfrsdo, 2,8 >0; J u a n F orgas,
2,475.
M ib il b —To L iverp ool—Feb. 2 3 —Sfea ner 8 elm a , 8 ,1 6 5 .
To B rem en—Feb. 1 9 —Steam er U nion ist. 4.*m 7.
S a v a n n a h -T o Bre n e n - F e b . z u - S t e a ner E lfr lia . 15,701.
B r u n sw ic k — To L iv erp o o l—Fob. 2 o —steam er K oeham pton, 2 ,9 7 5 .
N o r f o l k - T o H a m b u r g -F e b . 2 4 —S team er Beuedlok. 50.
B oston —To L iverpool—Feb. 18—Steam er O ttom an, 4 8 0 Sea Isla n d . . .
Feb. 1 9 -S te a m e r C orintbla, 9 7 9 ....F e b . 2 3 - s t e a m e r C aoibrom an, 561.
Ra l t im o r e - T o L iv e r p o o l-F e b . 2 0 -S te a m e r V edam ore. 2 ,1 2 0 .
P h il a d e l p h ia - X o A n tw erp —Feb. 2 4 -8 t e a in e r S w itzerla n d , 100.
Bab F rancisco —T o J a p a n -F e b . 2 3 - s te a m e r Dorio, 3 ,4 5 0 .
C o tto n fr e ig h ts a t N e w Y o rk th e p a st w e e k h a v e b e e n
a s f o ll o w i .
Satur.
Liverpool, asked .d. 17m
Do
............ d.
....
H avre...................c.
30t
Do ...................c.
....
Bremen............... d.
25t
Do
..............d.
H am burg............d.
25t
Do
....... . .d.
....
A m sterdam ........ c.
30t
Beval, v. Hamb..rt.
La
Do v. Hull...eJ.
3.s
Barcelona........... d.
G e n o a .................d.
351
Trieste.. ............d.
*18
A ntw erp............. d
**
Ghent, v.A ntw ’ p.d.
I C en ts n et per 1 0 0 lbs.

Mon.
j
j
J
•
j
|
CB
. o
B
!
|
!
:
5

Tues.

Wednes. Thurs.

Fri.

17m

17ift

....
30t

301

17m
....
30t

251

25t

25t

251

251

301
732
3ie

25t
....
301
7 a
31S

30t
....
251
___
25t

30t
La
3ie

301
La
Hi

351
3ie
9e*
11*4

351
sie
•s«
ll.s

351
810
904
11«.

37 t
8lfl

174*1

11,4

Feb. 26.

The tone of the Liverpool market for spots and futures each
day of the week ending Feb. 26 and the daily closing prices
of spot cotton, have been as follows.
Spot.

S atu rd ay M ond ay.

T uesday. Wed’ day T hu rsd’ y.

F rid a y .

Fair
business
d o in g.

A ctive.

Total bales.

N e w Y o r k —T o L iv erp o o l, per stea m ers B ovio. 2 ,2 8 7 upland
and 2 00 8 ea I sla n d ___Cuflc, 1 ,2 3 8 u p la n d and 122 Sea
I s la n d ... 8- rvia, 3 ,3 7 4 upland and 6 5 s e a I s la n d ................ 7 ,2 8 6
To H u ll, per stea m er B uffalo, 1 ,4 2 7 .................................... - ......... 1,4 2 7
To L eith , per stea m er Critic, 1 , 7 8 2 .. . ....................- ......................
1,7 8 2
To M anchester, per stea m er B ellen a , 95 upland and 100 Sea
195
Isla n d .............
To H avre, per stea m er La B oargogn e, 1 ,2 0 0 up land and 70
8 e a Isla n d ................................................................................................. 1 ,2 7 0
To B rem en, per steam er Spree, 2 0 0 .................................................
2c0
354
To A ntw erp, per steam er South w a rk. 3 5 4 ....................................
To G enoa, per stea m ers K aiser W ilhelm I I ., 2 ,2 7 2 . . . .
Oregon, 1 ,7 7 9 ......................................
4,0 5 1
To Jap an , per stea m er C arm arthenshire, 5 0 0 .............................
500
N e w O rleans —To L iv erp o o l, per stea m ers A m erioan, 1 4 .1 1 0
D arien , 2 ,2 0 0 ..„ E lectricia n , 3 , 3 9 5 .. . H istorian, lo ,8 0 9
T exan , 4,8 1 8 . . W est Indian. 1 .4 3 0 ............................................ 3 6 ,7 6 2
To B elfa st, per stea m er B^ngore Head. 1 ,1 6 5 ............................. 1 ,1 6 5
To H avre, ner steam er P a r a m g u a . 3 ,3 0 1 ...................................... 3,3<>1
To D unkirk, per steam er M arino, 2 ,3 6 9 ......................................... 2,3 6 3
To H am burg, per stea m er A lton , 1 0 0 ..............................................
100
G alveston —i o L iverp ool, per stea m ers J essm o re, 3 ,9 7 5 ___
8atarnin a. 3 ,5 4 6 .................................................................................
7 ,5 2 1
To R otterdam , per steam ers C ounty of York, 1 00 ...V e r a ,
600
5 0 0 ...............................................................................................................
To Copenhagen, p er steam er Robert A dam son, 1 .2 5 0 ............
1 ,2 5 0
B r u n sw ic k —To L iverp ool, p er stea m er R anm oor, 2 ,8 3 3 ............
2 ,8 3 3
C h arle sto n —To B rem en, per stea m er W astw ater, 7 ,3 6 8 ............ 7,3 6 8
To B arcelona, per nark C oncepcion. 1,5 5 0 ................................... 1 ,5 5 0
N e w p o r t N e w s —T o L iv erp o o l, per stea m er R appahannock,
4 0 1 . ........................................................................................ ...................
401
B oston —-To L iverpool, per steam ers A rm enian. 6 ,0 1 3 uolan d
and 198 8 ea Islan d ...C a n a d a . 1 ,4 5 3 u p la n d and 7 3 6 Sea
Island . . C epnalonla, 4 7 4
P h ila d elp b la n , 7 8 1 . . . . S a g a ­
m ore. 2 2 0 ..................................................................................................
9 ,9 2 5
To H ull, per steam er M ikado, 1 5 0 .....................................................
150
B altim o re —To L iverpool, per stea m ers Ikbal, 1 ,5 8 1 .. .. Templem ore, 1.065 .................................................................................... 2 ,6 4 6
To L ondon, per stea m er M ontana, 5 1 ..............................................
51
To H avre, per steam er M iami, 1 ,0 5 0 ................................................ 1 ,0 5 0
To B rem en, per steam ers H a lle. 1,595 ...W ille h a d , 1 ,8 9 3 ... 3 ,4 8 8
P h il a d e l p h ia —To L iverp ool, per stea m er P e o n la n d , 2 0 0 ..........
200
Ban F rancisco —T o J a p a n , per stea m er C ity o f P ek in g , 2 ,1 5 u .. 2 ,1 5 0

Feb. 19

5 7 .0 0 0
5 5 .0 0 0
5 2 .0 0 0
6 8 ,0 0 0
1,0 0 0
2,000
2 ,6 0 0
2 ,8 0 0
7,2 0 0
2,000
4 00
200
5 3 .0 0 0
5 1 .0 0 0
4 3 .0 0 0
6 1 ,0 0 0
3,000
4,0 0 0
4 ,0 0 0
3 ,0 0 0
8 <,000
7 4 .0 0 0
6 9 .0 0 0
7 1 .0 0 0
1 .2 9 9 .0 0 0 1.370.000 1 .3 8 4 .0 0 0 1 .4 0 3 .0 0 0
1 .1 4 2 .0 0 0 1.20 9 .0 0 0 1 .2 1 7 .0 0 0 1 .2 2 3 .0 0 0
1 35.000
1 4 9 .0 0 0
8 7 .0 0 0
9 3 .0 0 0
1 2 3 .0 0 0
1 3 1 .0 0 0
7 2 .0 0 0
6 5 .0 0 0
2 6 5 .0 0 0 2 0 0 .0 0 0
1 8 5 .0 0 0
1 7 0 .0 0 0
2 5 5 .0 0 0 1 9 0 ,0 0 0
1 8 0 .0 0 0
1 6 5 .0 0 0

M arket, \ Q uiet and
firm.
1:45 p .

D ulL

M ld.U pl’d s.

329, a

399 2

315ie

31 5 ie

31=16

Spec. A exp .

7 ,0 0 0
50 0

1 0 ,0 0 0
5 00

1 0 ,0 0 0
5 00

1 0 ,0 0 0
500

1 2 ,0 0 0
1,0 0 0

F irm er.

H a rd e n ’g.

4
2 0 ,0 0 0
2 ,0 0 0

F utures.

uiet at S teady at
M arket, \ Q1-64
partially
de­
1:45 P. m .J
1-64 d e c.
clin e.

M arket, \
4 P. M. \

Steady.

Q uiet but
steady.

Firm .

S teady at S teady at S teady at
1-04 a d ­
1-64 a d ­
2-64 ad­
va n ce .
va n ce .
van ce.

Steady.

Q uiet.

S teady.

Steady.

The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
r y The p r i c e s a r e g iv en i n p e n c e a n d 6 4 th.
3 63-64<i.. a n d 4 0 1 m ea n s 4 1 -6 id .
S a tn r.
f e b . 2 0 to
Feb. 26.

12^1

1

n on .
1:45

4

T oes,
1:45

4

T h u s:

Tliurs.

W ed.
1:45

3 6 3 m ea n s

4

1:45

4

F r l.

1:45

4

P. M. P. M. P.M . P.M . P.M . P.M . P .M . P.M . P .M . P.M . P .M . P .M .

d.

F eb ru ary. .
Feb.-Maroh.
Moh.-A pril..
A p r il-M a y ..
M a y -J u n e..
J u n e-J u ly
J u ly .-A u g ..
A u g .-8 e p t..
S e p t.-O o t...
Oot - N o v ...
N o v .-D eo ...
D eo.-Jan ..

3
3
3
3
3
3
3
3
3
3
3

55 3
55 3
55 3
5513
55 3
56 3
56 3
53 3
47 3
43 3
42 3

d.

55
55
55
55
55
56
56
53
47
43
42

d

3
3
3
3
3
3
3
3
3
3
3

54
54
54
54
55
55
55
52
47
43
42

d.

3
3
3
3
3
3
3
3
3
3
3

54
54
54
54
55
55
55
52
47
43
42

d.

3
3
3
3
3
3
3
3
3
3
3

d.

5 6 13
56 3
56 3
56 3
56 3
57 3
57 3
54 3
48 3
44j3
4313

56
56
56
56
56
56
57
54
48
44
43

d.

3
3
3
3
3
3
3
3
3
3
3

56
56
56
56
56
57
57
54
49
45
43

d.

3
3
3
3
3
3
3
3
3
3
3

d.

It.

55
55
55
56
56
56
58
54
48
44
43

3
3
3
3
3
3
3
3
3
3
3

57
57
57
57
58
58
58
55
50
46
45

3
3
3
3
3
3
3
3
3
3
3

58
57
57
57
58
58
58
55
50
46
45

d.

3
3
3
3
3
3
3
3
3
3
3

60
60
60
60
60
61
61
58
53
49
47

B R E A D S T U F F S .
Friday, February 26, 1897.
There has been some irregularity to the market for wheat
flour. The demand for trade brands has been slow and
values have been lowered about 10c. per bbl. The low grades,
however, both of spring and winter, have received increased
attention from shippers, and as stocks have been small sales
made have been at full values. City mills have been quiet
but steady. The demand for rye flour has been quiet, but
prices have held steady. Buckwheat flour has sold slowly,
but prices have advanced, in sympathy with a higher market
for the grain. Corn meal has had a moderate sale, but at a
further decline of oc. per bbl. in price. To day the market
for wheat flour was dull and unchanged.
There has been only a moderate speculation in the market
for wheat futures, and prices for the week show a loss of
about 2c. per bushel. Immediately following our last report
prices advanced about % c . per bushel, principally on a demand
from shorts to cover contracts. Monday was a holiday.
Tuesday, however, the market turned weaker, a'd during the
remainder of the week prices gradually declined under quiet
and easier foreign advices, together with the slowness of the
export demand, which prompted selling. Towards the close
of ’Change yesterday, however, reports from the Sjuthwest reported the condiiions of the growing crop
less favorable ; this stimulated a demand from shorts
to cover contracls and prices advanced slightly.
To-day the market was moderately active. There was re­
newed selling prompted bv quiet and easier foreign advice#
and prices declined
In the spot market only a
limited amouit of business was transacted, as shippers were
slow buyers. To-day the sales included No. 1 Northern at
84%c. f. o. b. afloat, prompt delivery, and 84%c. f. o. b. from
store for delivery end of March No. 2 red winter and No. 1
hard Duluth were quoted at 88JgC. f. o. b. afloat.
DA1LT 0 LOSING PRICES OF BO. 2 RED W INTER W H EAT.

Sat.

F ebruary d e liv e r y ..........o.
March d e liv e r y ................ o.
A pril d e liv e r ? ..................o.
May delivery. . . . . . __,.0.
o.
J u n e d e liv e r y ........ ..... o.
0.
J u ly deliver?
. . . ___ .O.
o
.C
Septem ber d e liv e r y ___c

84
84%
82%
81%
8 1 7s
8014
77^

M on.

a
2

0

W

Tues

Wed

T hurs.

8 2ia
824,
813s

80%
81%
801 q
79%
79%
78*6

81%
81
80%
80%
80
78%
76%

81

8030
78 78
76%

75%

F r i.

80%
8 0 °8
80%
79%
79%
78*e
75%

There has continued a quiet market for Indian corn futures
and prices have gradually weakened in sympathy with the
easier market for wheat and in response to slow foreign
advicps. A lubsidenco of the export demand has also been a
depnseing factor, alihjugh there has been a material falling

I'Hh)

432

C H R O N IC L E .

-oil m th<* ct 'i> movement the past few Jays. In the spot
ctuurkvt liemsn-i was dull during tii© week. To-day, however,
a fair export business was transacted. The sales were prineijMtUv - ) <».,!h-a No. 2 mix h! at 2 S > \'c. f. o. b. all sat for
prompt ihmment and 39-'‘ a ■{ J9‘.|c. f. o. o. afi sat for delivery
in April. N i l . 3 mixed was quoted at SW^'e. in elevator and
No. 8 mixed sold at 26'vjc. in elevator,
o u u ot.o*)au raioss or MO. a utrxBo ooss.

Wed. T tiurl. #V».
Tms,
28%
29
28%
29%
29%
29%
30
.0 30%
39%
day.
>
31
30%
30%
31%
$ aiy dellv m t »*••• . . . . •V. 31%
O ita fo r future d elivery h av e b.-en du ll and prices have
fluctuated w ithin the n arrow est lim its, the net ch anges fo r
the w eek bring l$ c, I n t h e a p jt m arket a lim ited am ju it o f
bu.fi new.* has btt'u transacted w ith the hom e trade, but the
. \j> >rt demand has been ligh t; prices h ave sh ow n no im p o rt­
a n t changes, d o s in g at 2 1>■£■.}. f o r No. 2 m ix ed in elevator
and 23 Uc. for No. 2 white in elevator.
Bah

Mon,

o i u .1 o n o s n to raiOBB o r mo . a m t s o o a t s .
T u ff
Wed
Thun.
Won,
Bat.
21%
21%
21%
2 X%
Holi­
21%
21%
21%
d e liv e r y ...............c. 21 %
day.
July delivery................0. 22%
22%
......................
N

s <
b a it

d e l It ®r r . . . — o .

F r i.

lots on ly are in request, and the m arket is still easy. O th er
coarse, colored cotton s are quiet, w ith ready sellers.
The
better grades o f bleached cotton s have sold steadily in m o d ­
erate quan tities at previous prices, but lo w grades, such
as 64 squares, have w eakened som ew h at. W id e sheetings
h ave been dull at u n ch a n ged prices. C otton flannels and bla n k­
ets are b egin n in g to a ttra ct atten d n fo r new season, K id flnished e a a b n e s and oth er co tto n linings h av s sold rather
m ore freely w ith ou t ch a n ge in prices. Thera has been a
steady business o f fair proportions in fa n cy prints and finer
special les a t stead y prices. R -gu la r priats have ruled qu iet.
Dresa giu gh am s in line g ra in s are reord ered rather m ore
ireely, but low grades a nd s spies ar-; d u ll a n d featureless.
P rin t cloth s h ave r u l-d in a ctive all w eek and oloss w ith a
d ow n w a rd ten d en cy, 64 squares being little better than n o m ­
inal at 3;'gC.
1807.
180S.
’ ««5 .
1894.
Slock, o f P r in t O kitk i —
Feb. 20
Feb. 22.
Feb. 23. Feb. 24,
At Providence, 64 aauares. 423.000
205,000
04.000 179,000
At Fall River, 64 squares..
*
481,000
31.000 289,000
AtFall River, odd sizes___
'
385,000
94.000
57,000
T otal a to o k ( p ie c e s ) ...........................

2-i%

D em and fo r rye baa been quiet, a n d under free offerin gs
prices have weakened s lig h tly . B arley has been q u iet but
a bout steady.
The fo llo w in g are closin g quotation s :

[V o L , L X I V .

1 ,0 7 1 ,0 0 0

2 1 9 .0 0 0

5 2 5 ,0 0 0

- B y agreem ent am ong tlie cloth brokers, hereafter no detailed statem eat o f the print cloth market will ha given.

W o o l en G o o d s .— T here has again been a g o o d a ttend ance
o f buyers in th e m arket this w eek , a n d business in m en 'sw ear h ea v y -w eig h t w oolen and w orsted fab rics has m ade
sa tisfa ctory progress.
The finest grades have n o w been
FLOUT.
opened a n d h av e attracted atten tion in som e m easure
F in e — ............ * bbl. #2 OOn 2 75 - Patent, w in t e r ............ * i 6 0 ® 4 9 0
Superfine.—.............. 2 209
300
i
CSty mills extra s.....
7<>®lo
4 80
fr o4m
w e r qualities, to w h ich business ba3 been so
Extra, No. 2 .............. 2 7 09 8 25 jBye flour,superfine.. •z40'» 2 90 la rg ely con fin ed, b ut still ch ea p good s retain th e best
Extra, No. 1.............. 3 25 d 3 60 Buckwheat flour—
1 05® 1 1 0
part
of
the
cu rre n t
dem and .
In
all - w o o l
fa n cy
(S ea r s..........................
3 7 5 9 4 15 iCorn m e a l—
StralKhte................... 4 HI 9 4 50 : Western, &a........... 1 7 0 ’ 1 81 good s in ch ev iots and oassim eres sellin g at 70c. and u n der
185
Patent, sprlm:......... 4 2 59 4 50, Brandywine............
som e agents have secured all the orders th ey ca re to
[W h e a iflo u r in s a c k s s e lls a t p rices h e lo w th o s e fo r b a r r e ls.)
take at present f o r their season’s pro lu otion a nd jirioes on
G BAW
these rule gen erally steady. O a fine good s prices have
Corn, per busk—
0.
0o.
0.
Wheat-—
open ed at a b ou t last season’s level. P la in staple lines are
Spring, per bush.. 82 ® 89%
West’ n m ixed____ 26
81
No. 2 mixed.......... 28 V® 30% quiet and w ith ou t special feature. Satinets are q u iet a nd
Red winter No. 2.. 86%® 88%
28
30
90
Western
yellow
...
Red winter........... 70 «
cotton -w a rp fab rics irregular. Business in ov ercoa tin g s is
Western White___ 28 'S 30%
Hard, No, 1........... 88% » 88%
fair and m ore d oin g in cloa kin gs. P la in a nd fa n cy dress
Rve—
Oats—Mixed, per bn. 19 ® 23
good s in fair re-order requ est for sp rin g and orders fo r fall
43
Western, per bnsh. 10
White.................... 20 V® 30
40
©
No. 2 mixed.......... 21 %® 22%
State and Jersey—
43
m ore num erous. F lan nels and blankets are in fair d em a n d
36 © 48
Wo. 3 white............ 23% » 21% Barley—Western—
Feeding..—. . . ___ 33 © 33% w ith ou t ch a n ge in prices.
F o r e ig n D r y G o ods ,— W ith the m arket w ell attended fro m
WBT F o r ©iher tables am iallv given h ere «©e page 4 08
day to d a y there has been a oon sidarable a m ou n t o f business
done in seasonable good s in all departm ents, particu larly
T HE DRY GOODS TRADE.
w ith job b ers, a nd cu rren t supplies ara fa irly w ell taken ca re
N e w Y o k e , F r i d a y , P. M., Feb. 36, 1897.
o f. Dress good s and m en’s-w ear fab rics f o r fall are a ttra ct­
A n u nfavorable feature o f the w eek’s situ ation is the fa il­ in g m ore attra ction , som 9 fair orders being rep orted . Sellers
ure o f the print cloth m arket to fu lly hold w h a t it ga in ed accep t these w ith a clau se p ro te ctin g "them selves against
tw o w eeks a go, as a result o f the excep tion a l business then probable tariff ch anges.
don e. Last week and this the dem and has been d istin ctly I m p o r t a t i o n * a n d W a r e h o u s e W i t h d r a w a l * o f D r y H o o d * .
poor and w ithin the past tw o or three d a ys prices h iv e sh ow n
T h e im porta tion s a n d w a reh ou se w ith d ra w a ls o f d r y g o o d s
an unm istakable tendency to fa v o r buyers. This has been at this p ort fo r th e w eek en d iu g F ebruary 25,1897, and sin< e
no en couragem ent to buyers in th e p rim a ry m arket here to January 1, 1897, a n d fo r th e co rre s p o n d in g p eriod s o f lai-t
abandon their con servative p o licy and there has been but year are as fo llo w s :
little business reported in staple lines o f cotton goods
o r fancies beyon d w bat baa been dictated b y abs >lute
requirem ents. In view o f this it is rea ssu n a g to (lad that,
despite the holiday break on 5ionday, the w eek’s a ggregate
business rh.m-s an im provem en t in " v olu m e in the prim ary
m arket and a very solid gain w ith jib b e r s . I t is evident that
general distribution is on an exp an d in g scale, and prospects
are good for a su-Pained dem and, b ridging over u m a lly v ery
in active m onths, There has been no greater strength m cotton s
than o f late, the m arket lreing too w ell supplied w ith general
lines o f m erchandise to adm it o f sufficient reserve on the o ir t
of sellers to influence values. In the w oolen good s division
g o o d progress has again been m ade w ith men’ s-w ear fabrics,
m ore attention being g iv e a to finer grades than b efore.
D om estic C otton G o o d s —T he ex p orts o f co tto n good s
fr o m tnifl port fo r the -veal: en d in g Feb. 23 w ere 5,517
pack ages, valued at *232,-133, their destination being to the
points specified in the tables b elow :
K «w Yoktt

to

1897.

1890.

Week. Since Jan. X,

Week. Since Jan. 1.

F ed. 23.

O re.: Britain........ .......... ....
Other European—
, ........
O iln . — ,..............................
la d ) .......... ........ ................. .
Arable...................................
Africa...................................
We»t Ind!»*..................... ....
rfextoo.................................
Oentxal Araerioa...... ............
•oath America.....................
Ola*r O onntrle«..„....... ....

240
20
2,101

Total..................... ..........
Cbl»». via Vancouver*...
relA l.................... , ........

603
m
17.095
574
4,121
1,701
2,882
414
1,118
9,553
732

8
50
110
1,171
136
321
62
127
1,012
9

5,517

39,$94
7,950

3, Of! 6

5,517 1

47,944

i 3,006

1,564
580
207
139
174
230
257

•TrJST-ir.w K^i5¥mtl)poiht«lllreot7

9fid
1,001
11,101
2,086
1,871
2,157
2434
'389
1,260
7,644
560
‘ 2,532
33,269

T he valu e o f the New Y o rk exporta fo r the r e a r to date has
been $1.631,<’>'>> in 1897 against $1,425,142 In 1894,
The hom e demand for brow n sheetings and drills has again

been confin- * to limited quantities for quick delivery, and
there has ....... but a restricted business on export account.
Heavy-weights are fairly steady, but there is an easy market
m sheetings f.u t yards and lighter. Brown ducks and osnabttrg* are quiet and easy to buy. The demand for denims
from the erting-up trades has been more general, but small

THE CHRONICLE,

F e b r u a r y 37, 1837.]

S t a t e a u d C ity

V z T f iv r m m ,

TERM S OF SU BSC RIPTIO N,
T he I nvestors’ S upplement will be furnished

without extra charge to every annual subscriber of the
Commercial and F in a n c ia l Chronicle .
T he State and City Supplement will also be fur­
nished without extra charge to every subscriber of the
Chronicle .
T he Street R a ilw a y S upplement will likewise
be furnished without extra charge to every subscriber
of the Chronicle .
T he Quotation Supplement, issued monthly, will
also be furnished without extra charge to every sub­
scriber of the Chronicle .
TERMS for the Chronicle with the four Supple­
ments above named are Ten Dollars within the United
8tates and Twelve Dollars i i Europe, which in both
cases includes postage.________

Terms of Advertising—, Per incli space.)
O n e tim e . . . . . . . ................ „ $ 3 5 0 | T nr
M onth s (1 3 t im e s ) ..$ 2 5 0 0
O ne M onth
(4 t im e s ).. 1 1 0 0 S ix o n th s
(2 6 tim e s ) .. 4 3 0 0
r w o M onths
(8 t im e s ) .. 18 0 0 I T w elv e M onlhs (5 2 t im e s ).. 58 0 0
'The a b o v e term s for o n e m o n th and H ow ard a re fo r sta n d in g o a r d B .

T h e p urpose o r this State a n d City D e p a rtm e n t
is to farnish our subscribers with a weekly addition to and

continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facta we shall give, the amplifications
and cirrections we shall publish, and the municipal l a w s we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
8 t a t e a n d C i t y S u p p l e m e n t to as near the current d a t e as
possible. H e n c e e v e r y S u b s c r i b e r w i l l a t a l l times possess a
oomplete a n d f r e s h c y c l o p a s d i a of information r e s p e c t i n g
Municipal Debts.
B o n d P rop osals and K cg o tia tlo n t. —We nave re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Arkansas.—B on d Neu-s.—A bill has been introduced in the
State Legislature providing for a compromise and settlement
of certain claims of the United States against this State.
In 1836 the United States purchased $538,000 of 6 per cent
thirty-year State of Arkansas bonds and withheld, to pay the
interest on these securities, the proceeds derived from the
sale of public lands in the State. All of these funds have not
been applied to the payment of the interest as it accrued.
The bill provides that the United States shall surrender to the
State all but $160,000 of the bonds and that the State shall in
turn relinquish all claims to its proportion of the various
amounts deiived by the United States from the sale of these
public lands.
Arverne-by-theSea, N. Y.—B on d s P rop osed —A petition
has been submitted to the board of trustees of this village
asking for an election to vote on a proposition to issut bonds
to an amouqt not to exceed $75,000, the proceeds of which
will be applied to the improvement of various streits an 1
avenues of the village.
Atlantic County, N. J .— B on d S ale .—On February 23,
1897, the Finance Committee of the Atlantic County Board
of Freeholders awarded the $23,000 of county road bonds to
Benwell & Everitt, of New York City, at a premium of $230.
The securities bear interest at the rate of 4% per cent, and
the principal will mature at the rate of $2,500 each year from
1898 to 1906, inclusive, the remaining $500 being payable in
1907.
Bancroft, Neb.—B on d O ffering. —Proposals will be received
until 12 o’clock noon, March 15, 1897, by J. J. Elkin, Village
Clerk, for the purchase of $5,000 of 6 per cent water bonds of
this village. The securities are dated August 1,1896, and will
mature in twenty years from date of issue, being subject to
call after August 1, 1901. The bonds will be of the denomina­
tion of $500 each, and both principal and interest will be pay­
able at the Fiscal Agency of the State of Nebraska in New
York City.
Brewton, Ala.— B on d s P rop osed .—A petition has been in­
troduced in the State Legislature asking permission for the
citizens of this municipality to vote on a proposition to issue
$25,000 of water-works bonds.
Camden, N. J.— B on d Sale .—On February 24, 1897, the
bids for the $400,000 of 4 per cent water-works bonds of this
were opened and were found to be as follows: The New York

433

Security & Tiust Company offered a premium of $1,200 for
the eDtire issue: Dietz, Denison & Prior, of Boston, par, less
2 per cent commission, and E. H, Rollins & Sons, of Boston, a
premium of $21,050, provided the rate of interest be increased
to P/i per cent. None of the bids were accepted and the sale
was postponed. At a later date the bonds were awarded to
the New York Secnri'y & Trust Co, at a premium of $1,611.
B on d N ew s.— E. D Sheppard & Co., of Boston, who were
recently awarded $25,000 of refunding bonds of this city at
102, have notified ihe Finance Committee that they will not
accept the bonds on the ground that they were illegally is­
sued.
Charleston. W. Va.—B on d s A u th o r iz e d .— It is reported
that bonds of this city for the construction of a bridge have
been authorized.
Chelsea. Mass.—T em p ora ry L o a n . —The Boston News
Bureau reports that this city has placed a loan of $130,000 for
one year at 3 per cent.
Cincinnati, Ohio.—Bond O fferin g. —Proposals will be re­
ceived until 2:30 P. M. March 29, 1897, by the Trustees of the
Sinking Fund for the purchase of $3,654,000 of 3'65 per cent
refunding bonds of this city. The securities will be dated Feb,
1, 1897, interest will be payable semi-annually on the first
days of February and August in New York City, and the
principal will mature in forty years from date of issue. The
loan will be in the form of coupon bonds of the denomination
of $100, $500 or $1,000, or registered bonds of $1,000, or a
multiple thereof, as the purchaser may desire, and both prin«
ciprl and interest will be payable in gold.
Each bid must provide for the payment of accrued interest
to date of d-livery and be accimpanied by a certified check
on some bank or trust company of Cincinnati, New York or
Boston, payable to the order of the Trustees of the Sinking
Fund for 1 per cent of the amount bid for.
The official ad vertisem ent o f the above bond offerin g vrHl
be fo u n d elsewhere in this D ep a rtm en t.
B on d News. —The Board of Administration has adopted a

resolution to the effest that it will assume the interest chargee
on the first $1,500,000 of binds to be issued by the Water
Works Commissioners. It is calculated that , owing to the re­
duction in operating expenses and the increased revenue to
be derived from the new water works, a fund will be pro­
vided which will be sufficient to pav the interest and sinking
fund charges on the bonds as they become due.
B on d Sale. —The Board of Elucation has sold the $75,000
of school bonds to S. K thn & Sons for $78,975 and accrued
interest. These b >nds were awarded to the Citizens’ National
Bank of this city at 107 348, but they were not accepted by
the bank because their bid had bsen made on a forty-year
basis, while the securities are subject to call after 1006.
Cleveland, Ohio.—B on d Sale.—On Feb. 24, 1897, the $350,000 of 4 per cent coupon pirk bonds of this citv were
awarded to E. H. Rollins & Sons, of Boston, at 108T25. The
other bids received were : Bertron & Storrs. 107'814;
Vermilye & Co.. 107-6?2 ; Far?on, Leach & Co., 107'42; R. L.
Day & Co., 107’26, and The Lamprecht Bros. Co., 107'031. The
seouricies draw interest from July 1. 1806, payable semi-an­
nually at the American Exchange National Bank of New
York City, where the principal also will be payable. The
bonds are of the denomination of $1,000.
Comanche County, Kan.—B on d News.—A petition has been
introduced in the Legislature of the State of Kansas asking
the State to provide for the payment of $100,000 of bonds of
this county. It was claimed that the bonds were fraudu­
lently issued, hut the Federal Supreme Court rendered a de­
cision to the effect that they were legal, but with the recom­
mendation that, as the county was unable to pay them, the
State should assume their payment.
Denton County, Tex.—B on d s P rop osed . —It is reported
that this countv proposes to issue court-house bonds to the
amount of $32,000.
Denver, Col.—B on d s P rop osed . —It is reported that water­
works bonds of this city to the amount of $5,000,000 have
been proposed, and the question of issuing the same will
probably be submitted to a vote of the people in the spring.
Dexter, Mich.—B on d Sale. —It is reported that the School
Board has sold $11,000 of 5 per cent school bonds to local
bidders.
East Chester, N. Y.—B on d s A u th o riz ed . —Highway imrovement bonds of this town to the amount of $70,320 have
een authorized.
Escondido Irrigation District, Cal.—Bond Sale.— On Feb ‘
ruary 8,1897, $4,500 of water-works bonds of t'ni3 district were
awarded to Henry W. Putnam at 95. The securities bear in­
terest at the rate of 6 per cent, and the princioal will mature
April 15, 1905.
Evanston, Ohio.—B on d Sale.—On February 16, 1897,
$3,095 63 of avenue-improvement honds of this village were
awarded to McDonald, Lisey & Ashbrook, of Cincinnati, at

43 I

THE CHRONICLE.

|ft.n , ams Boomed interest. There were three other In Jders,
Th>- W urilie* t* ar interest at the rate of 0 per cent, and the
principal will mature in from one to ten years from date ot
I**ue.

fa il Hirer, Mas*.—Bond Offering.—Proposals will be re­
ceived until 10 o'clock a. M„ March 2, 1897, by Cbas. P.
Brightman, City Treasurer, for the purchase of $150,000 4
prr cent bond* of this city. The securities will be dated
March 1, 1897. interest will be payable semi-annually on the
first da u of March and September, and the principal will
mature on March 1, 1907. The loan is to be in the form of
registered bond* of $1,000 or a multiple thereof. Each bid
must b# made subject to accrued interest, and all proposals
must t • accompanied by a certified check, drawn on a
national bsnk, and payable to the order of the city, for 2 per
cent of the amount bid for.

[ VOh, L X t V .

Rudolph Kleybolte & Co., of Cincinnati, Ohio, at oar, ac crued interest and $507 75 premium. There were eight other
bidders. The securities are dated March 1, 1897, and mature
at the rate of $1,000 each year beginning with March 1, 1909.
The denomination of the bonds is $500,
MJddleporf, O .—Bond Sale.—It is reported $7,000 of 4 per
cent funding bond* of this place were awardfd to the Fourth
National Bank of Columbus, O , at 111-50. The other bids
received were *. Spiizer & Co., Toledo, O , 110-686 ; The Latnprecht Bros. Co., Cleveland, O., 108, and Seasongood & Mayer,
Cincinnati, O., 103-24.
Morristown, Minn.—Bond Election —It is reported that
the citizens of this village will soon vote on a proposition
to issue public-building bonds.
Mount Sterling, Ohio .—Bond Sale — On February 23,1897,
the $8,COO of bonds of this village were awarded to the Fourth
National Bank, of Columbus, Ohio, at a premium of $735.
The other bids received were:

Premium.
The official advertisement o f this bond offering will be found Parson, Loach A Co., Chicago, III...................................................
8644 00
Dietz,
Denison
*
Prior,
Cleveland.
Ohio.......................................
624 00
tlsnchtre in this Department.
W. J. Hayes A Sons. Cleveland. Ohio........................................... 619 00
Flagstaff. A. T.—Bond Offering.—Proposals will be received James W. I.ODgstreet & Co.. Boston, Mass...... ........................... 613 CO

until 2 r. a. March 29, 1897, by F. W Smith, Town Clerk, for
the purchase of $55,000 of 0 per cent water-works bonds of
this town. The securities will be dated March 1, 1897, inter­
rat will be payable semi-annually on Jan. 15 and July 15, and
the principal will mature in thirty years from date of issue.
The bonds will be of the denomination o f $1,000. No bid for
less than par will be considered, and each proposal must be
accompanied by a check for 5 per cent of the amount of the
bid.

The official advertisement of this bond offering will befound
elsewhere in this Department.
(lain -ton. Tex —Bonds Proposed.—I t is reported that the
Board of School Trustees has petitioned the City Council to
issue $25,000 of school bonds.
basil n Irrigation District, Brady, Neb.— Bond Offering.
—Proposals will be received until March 6, 1897, by this dis­
trict for the purchase of bonds to the amount of $80,000.
Grenada, Miss.—Bond Offering.—Proposals will be received
until M m h l 11. 1897, by the City Treasurer for the purchase
of $40,< 01 of 6 per cent water-works and sewer bonds o f this
city. Interest will be payable semi-annually on the first days
Of January and July, and the principal will mature in 1917.
Haverhill, Mas-*.—Bond Offering.—Proposals will be re­
ceived until March 5, 1897, by the City Treasurer for the pur­
chase of $86,WO of 4 per cent highway and sewerage bonds
of this i-Jy. rhi securities will b i of the denomination of
$1,000 and will mature ten years from date of issue,
Illin ois .—Bonds Proposed.—A bill has been introduced in
the Legislature authorizing the State to issue $250,000 of

Rudolph KleyhoJte A Co,, Cincinnati.Ohio.............................
509 00
Mason, Lewis & C’O., Chicago. Ill.........................................
414 00
Seasongood & Mayrr. Cincinnati, Ohio ....................................... 109 75
89 SO
Spitzor A Co.. Toledo. Ohio........................................................
The Laiopreebt Bros. Co.. Cleveland, Ohio........................................
5250
Trowbridge & <’o., Chicago, 111......................................................... *800 00
S. A. Kean, Chicago, lit............................................
*170 00
* Proposals did not contain certifled ckeok as was required.

The securities bear interest at the rate of 6 per cent, and the
principal will mature in from 18 to 25% years from date of
issue. The denomination of the bonds is $500 and the pro­
ceeds are to be issued for electric-light and water purposes.
Nebraska City School District, Neb.—Bonds Defeated.—
It is reported that the people of this district h ive voted
against the issuance of $35,000 of high-school bonds.
New Bedford, Mass.—Bond Sale —On February 19, 1897,
the four issues of bonds of this city were awarded as follows:
$200,000 of water bonds to N. W . Harris & Go,, at 110 83 ;
$172,000 of improvement bonds to E. H. Rollins & Sons, at
104-C29 ; §128,000 of sohool-house and nublio building bonds
to E. H, Rollins & Sons, at 108-119, and §69,000 of sewer bonds
to E. H, Rollins & Sons, at H0'539. The premium on the
water bonds amounts to $21,660, and on the rest of the issue to
$25,621, a total of $47,221. The other bids received were as
follows :
#200,000 o f Wafer Bonds.
R G. Staowoo.i A Vo . . . A t('-609
B. F. Keirli........................110-571
Estabrook ACo. and R. L.
Jlay & Co........................ 110-570
C u s U in a u .F ls lit r A P lie lp s
a m l G . A. F e r n a ld A C o . U O -0 7 9
T o w e r , Giikliogs v G o ---- 10 1-798

Lee, Hieginson A Co...... J109-650
Parkiuson A Burr............109-0210
Blake Bros. A Go. aoU
Bloilget., Merritt A Ck).* 108-2*0
bonds,
Parson, Leach A Go __ *108-210
Jamaica, N. t . —Bonds Proposed —The citizens of this $1 72,000 o f Improvement Bonds.
town have under consideration a proposition to issue $275,000 CusUman, Fisher A Phelps
and <;. A. Fermdii & Co.104-477
of street improvement bonds.
Estabrook A Co. aud R. h.
Day A On....................... 104-170
K noxville.Tran .—Bond Offering.—Proposals will be re­
W. Harris A Co ...........104-330
ceived until 12 o'clock noon, March 15, 1897, by John A. Mc­ N.
Lee, Bigsjtnson A Co....... 104-310
Millan. City Comptroller, for the purchase of §50,000 of 5 p> r Parkinson A Barr............104-133

cent 1on Is of this city. The securities will be dated April 1,
1897 interest will be payable semi-annually on the first days of
April and October in this city or in New York, and the prin­
cipal will mature as follows; $15,000 on April 1, 1907; $15,000
on April 1, 1917, and $20,000 on April 1, 1927. The bonds will
boot the denominations of §500 or $1,000. as the purchaser
may •.)>--in.-, and are to be issued to provide funds for building
a market house and school-houses. A certified check for $1,500
on some bank of Knoxville, payable to the order of the City
Corcptroller, must accompany each bid.
Tin vi'v has no floating debt; its bonded debt amounts to
$1,026,000: tax valuation for 1896, §9,747,553; total tax rate
(per S!,' hi, #12 50, and real valuation about $15,000,000. A c­
cording to th.; CenetH of 1890 the population was 22,875; it is
e*tin.) ated now at 37,000.
Dak c County, CaL— Bonds Proposed,—It is reported that
this county h>« under consideration a proposition to refund
its pr, sent indebtedness at a lower rate of interest,
MarUri-bnr#, W, Va.— Bonds Proposed,—A petition will
iw ores. ni.»d »o tin- State Legislature asking for permission
to issue $59,000 of electric-light bonds,
Hauraer, OMo —Bond Offering.—Proposal« will he received
until 12 o'clock noon March 15, 1897, by T, H. Mitchell, Vil­
lage f h-rk, for the purchase of §60,000of 5 per cent refunding
bonds of this village, The securities will be dated March 1,
1867, iu-er«.-*t will be payable M-mi-annually on the first days
Of April and October at the Ninth National Bsnk of New
T o»k n<y, and the principal will mature in thirty years from
.late of issu». -It! i ot to call after 1907. The bonds will be ot
the denomination of $1,000.
No bid for Iran than par and accrued interest will be con­
sidered, and «!! proposals must be accompanied by a certified
check for |500.
'M edina, O h io-B on d Sale.-O n February 25, 1897, $8,000
Of 5 t er cent ■ater bonds of this village were awarded to

* Bid for ail four issues.

$123,000o f School-Rouse and Pub­
lic Building Bonds
E. C. St.anwnort A Co.........108-029
Cushman. Fisher A Phelps
andC. A. Fernald & Co. .107-937
Esrabrook A Co. and rt. L.
Day A Oo .................
107-810
Lee fligaiuson A Oo ___JIO7-410
N. W. Harris A Go..............107-270
Pa-kinsrin A Burr........ .......107-133
J»8. W. L o n g stfe e t A On...1 0 7 -0 5 3

# 61,'-00 o f Sewer Bonds.

E stabroolr & Co. am i R. L.

Day A Go.......... ......
110 260
Cushman, Fisher A Phelps
and (1. A. Fern,id A Go.. 110-083
,\T. W. Harris A Co..............U0-070
Jas. W. Lonsstreet A C o ..‘ 09-513
Lee, liiffginsoti A C o .......109*510
Parkinson A Barr. .............109-021

; Or all issues except water bonds, at 106-57.

The water loan is in the form of $1,000 coupon bonds dated
January 1, 1897 ; interest at the rate of 4 per cent is payable
semi annually on the first days of January and July and the
principal will mature in thirty years from date of issue. The
other three issu-s are in the form of registered bonds of
§1,000 or multiples thereof, dated March 1, 1897, with in­
terest at the rate of 4 per cent, payable semi-annually on the
first days of March and September. Tbe improvement bonds
mature in ten years from date of issue ; school-house and
public building bonds in twenty years and sewer bonds in
thirty years. Principal and interest of all the securities are
payable in gold,
Newburg, N, Y —Bond Sale.—It is reported that refunding
bonds o f this city to the amount of $12,000 have been award­
ed to the National Bank of Newburg at 100-50. The securi­
ties bear interest at the rate of 8% per cent.
New Rochelle, N, Y.— Bonds Proposed.—Street-improve­
ment bonds of this village to the amount of $75,000 have been
proposed.
Newton, Kan.—Bonds Authorized .—It is reported that the
citizens of Newton have voted in favor of issuing $50,000 of
water-works extension bonds.
Norwood, Ohio.—Bond Offering.— Proposals will be re­
ceived until March 26, 1897, by this village for the purchase
of $5,000 of water bonds. The securities are to bear 5 per
cent interest.
Orange Bounty, N. Y Bonds Proposed.—A. bill has been
introduced in ihe State Legislature authorizing this county to
issue $250,000 of thirty-year road bonds.
Pawtucket, K. I ,—Bonds Authorized .—It is reported that
the City Council has passed an ordinance providing for the
issuance of $500,000 of bonds.

F e b r u a r y 27, 1897.]

T H E

4 3 o

C H R O N IC L E

P ort Hibson, M i s s . — Bored Offering —Proposals will be re­ bonds at maturity. The total assessed valuation for 1896 is
ceived until March 15, 1897, by the Mayor of this city, for the $15,737,070, and the population is estimated at 50,000.
purchase of water works bonds to the amount of $20,000.
* ea Cliff, N. Y.—Bond Offering.—On the 10th day of March,
The securities will bear interest at the rate of 6 per cent and
the principal will mature in twenty five years from date of 1897, at 1 o’clock p. m., the Trustees of this village will sell at
public auction $50,000 of highway improvement bonds. The
issue.
The city at present has no indebtedness of any kind. The securities are to bear interest at the rate of 5 per oent.
assessed valuation is $700,000 and the population (estimated)
The official advertisement o f this bond offering will be fo u n d
2 ,0 0 0

Portland, M e.—Bond S a le— On Feb. 25, 1897, the four
months loan of $81,000 was awarded, $41,000 to Dunscomb &
Jennison, of New York, and $49,000 to Hond & Goodwin, of
Boston, both firms offering to take the bonds at 2 85 per cent
interest. The other bids received were:
W oodbury & M oulton, P ortland. 3 per c e n t a n d $ 2 5 p rem ium .
E stabronb &. Co., B oston, 3 per can t and $ 5 50 prem ium .
E. H . R ollin s & S on s, B o sto n . 3 per c en t a n d $ 3 prem ium .
R ogers, N ew m an & ro lm a n , B oston , 3 4 9 -1 0 0 per c en t.
Sw an A B arrett, P ortlan d , S'* per can t an d $ 3 0 bonus.
J a m e s W. L o n n -treet & Co., B o sto n , 3 per o en t an d $ 2 6 50 p rem ium .
B lod get, M erritt & Co., B oston, 3t-2 ner c e n t and $ 1 5 bonus.
M erchants* N a tio n a l B ank, P o rtla n d , 3 ^ per cen t.

The securities are dated March 1, 1897, and the principal
will be payable either in this city or in Boston on July 1, 1897.
Thebonds are of the denominations of $1,000 or multiples
thereof and are issued to renew the loan maturing March 1,
1897.
Randolph County, Ala.—Bonds Proposed.— The State
Legislature have been petitioned to authorize the citizens of
this county to vote oa a proposition to issue $20,000 of court­
house bonds.
Sag'naw, -Mich.— Bond Offering.— Proposals will be received
until 3 o’clock P. M. to-day by Arthur F. Lewis, City Comp­
troller for the purchase of $5,090 of 4 per cent water refund­
ing bonds of this city. The securities will be dated March 1,
1897, interest will be payable semi-annually at the Chemical
National Bank of New York City, and the principal will
mature March 1, 1906. The bonds will be of the denomina­
tion of $1,000.
The bonded debt of the city, including this issue, amounts
to $1,220 000, of which $539,009 are water bonds and $276,000
assessment bonds, paid for by assessments upon the property
benefited. A siokiog fund of $40,000 is held to retire certain

elsewhere in this D epartm ent.

Shelby, O —Bond Sale. —The Board of Education of this
municipality has sold $15,000 of schoolhouss bonds to Seasongood & Mayer, of Cincinnati, Ohio, for $16,445 75. The
securities bear interest at the rate of 6 per cent and mature
in from one to fifteen years from date of issue.
Tecnmseh, 0. T.—Bonds Proposed. —On February 16, 1897,
the citizens of this place voted in favor of a proposition to
issue $3,000 of 7 per cent fifteen-year bonds. A bill is now
before the Legislature to legalize the securities.
Toledo, Ohio— Bond Offering.—Proposals were received
until 7:30 p . m . February 26, 1897, by M. S. W right, City
Auditor, for the purchase of $10,500 of
per cent streetimprovement bonds of this city. The securities are dated
J inuarv 1, 1897, interest is payable semi-annually at the Im­
porters’ & Traders’ National Bank of New York City, and
i he principal will mature in ten years from date of is.ua.
The bonds are of the denomination of $525.
Troy, N. Y.—Bond Offering.—Proposals were to be re­
ceived until 12 o’clock noon, February 26, 1897, by David
Morey, City Chamberlain, for the purchase of $100,000 to
$200,000 of revenue bonds o f this city, each bid to state the
rate of interest at which the loan would be taken. The seculi ies are dated March 3, 1897, and will mature October 20,
1897. The city has no floating debt: the net funded debt at
the close of the present fiscal year, February 28, 1897, will
amount to $1,121,901, and net water-works fiebr., ro $241,306.
The total assessed valuation for 1896 was $17)668,710 and the
city tax rate (per $1,000) $13 30.
Tascombia. Ala.— Bond E lection.—lx, is reported that on
March 15, 1897, the citizens o f Tuscumbia will decide the
question of issuing $100,000 of road improvement bonds.

NEW LOANS.

N EW LOANS.

N E W LOANS.

BIDS FOR BONDS.

* (1 5 ,0 0 0

S$ 1 5 0 , 0 0 0

Consolidated Sinking Fund Bonds

F L A G S T A F F , A R IZ ,

OF T H E

CITY OF OINOINNATf, 0 .,

6? Water Works Bonds.
O f f ic e o f T o w n Cl e r k .

C I T Y of F A L L RIVER,
MUNICIPAL LOAN,

3.65? 40-Year Gold Bonds.

Sealed bids will be received b y th e T o w n Clerk o f
th e to w n o f Flagstaff, A rizon a, up to tw o (2) o 'c lo c k
P roposal* are solicited fo r the purchase «»f $3,664,000 or cou p on o r registered bon d s o f th e City o f Cin­ P. M. M onday, M arch 29th, 1897, f o r th e pu rch ase o f
cin n a ti. O hio, t o b e issued to pay, under an option o f six ty -fiv e thousand ($•?&,000) dollars w orth o f six per
redem ption , t o e am ounts respectively outstanding cen t th irty (80) year bon d s o f $1000 each ; said bonds
o f th e f o l 1ow ing issues o f C incinnati b en d s: $500,000,
$18,000, f 17.00c. *2 'rt,OOo, $237,000, * 2 / 00.000, $700,000. are dated M arch 1st, 1897. bearing in terest fro m
T h e bonds will be* dated F ebruary 1st, '897. will M arch 1st, 1897, at the rate o f six (6) per ce n t in te r­
m ature at th e end o f fo r t y years fro m th eir date,
w ith Interest at the rate o f 3*65 per cen t per annum , est, payable sem i annually, J u ly 15th and January
payable sem i-ann ually each A u g u s t 1st and Febru
15th o f each year, at som e bank in th e City o f New
ary at. and will be fl.O to, $600 o r $100 pieces, or Y o rk , to b e agreed on and design ated in th e fa ce o f
registered in the sum o f $ 1 /0 0 o r any m ultiple
th e bond s.
th e r e o f as U dders m ay desire. P rincipal and inter
est will be pay ib le in New Y ork City in gold coin o f
First Interest cou p on s will be due Ju ly 15th. 1897.
the U nited States o f A m erica o f th e present stan d­
T h e se bonds w« re v o te d by th e citizens o f F lagstaff
ard o f w eight and fineness.
A ll bids most, provide f o r the paym ent o f accrued f o r W a te r W ork s in strict co n fo rm ity w ith th e laws
in terest from February 1st. J887, t o d a te o f delivery o f th e T e rr ito r y o f A rizon a, and accord in g to an Act,
o f bonds.
Bids m ust be in writing, signed by th e proposer and N o. 8670, passed by C on gress and app roved by the
b e deliv ered sealed at tb e office o f th e T ru stees o f P resident o f tb e U nited States, and in p e rfe ct a cco rd
the Sinking Fund o f th e City o f Cincinnati, City H all.
C incinnati, O hio, by or b e fo r e h a lf past tw o o 'c lo c k w ith e v e ry legal requirem en t o f th e ch arter o f the
tow n o f Flagstaff. T h e to w n reserves th e rig h t to
o f th e a ftern oon o f M onday. M arch *9th, 1897.
T h e sealed en v elop e con tain in g bids m ust h a ve en ­ r e je c t any and all bids. A certified ch eck o f five (5) per
dorsed o n tb e ou tsid e “ Bids f o r B on ds.”
Each bid m ust b e accom pan ied by a certified ch e ck ce n t to a ccom p an y each bid. Said bo n d s t o be pay­
f o r on e per cent o f th e par va lu e o f bon d s bid for; a b le in law fu l m on ey o f the U rjiled States o f A m erica
said ch eck m ust be payable to the o rd e r o f ‘ ‘ The and shall n o t b e sold fo r less than *h eir par value.
T ru stees o f the Sinking Fund o f the C ity o f Cincin­
F . W . SM IT H ,
nati, O h io.” w ithont con d ition s, and m ust b e drawn
upon an Incorporated bank or trust com pany loca ted
Clerk o f the T o w n o f Flagstaff.
in th e City o f C incinnati. B oston or New York.
D ated F l a g s t a p f , A riz., Feb. 18th, 1897.
Bidders are requested t o read th e advertisem en t
ca refu lly , as n o bid w ill be considered that is n o t
cle a rly expressed and d oes n ot s trictly co m p ly with
all o f th e a b ov e c o n cltion s . T h e bonds are to be
issued u n d er author.*. ~»f Section *729 o f the R e ­
vised Statutes o f O hio, as supplem ented by Sections
27*0 G. 2729 II. 2729 I. M arch 30th, 1890-92 O hio
Laws, page 04—and this advertisem en t is m ade In
co m p lia n ce w ith S ection 2709 o f said O hio R evised
Statutes 60 O nto Laws, page 168.
Paym en t f o r and deliv ery o f bon d s m ay be at the
T h ird N ational Bank o f Cincinnati or at the A m eri­
can E x ch an ge N ational Bank o f N ew Y ork, as
bidders may designate; paym ent will b e required
upon d eliv ery o bond* and such d eliv ery o f bonds
will be m ade in installm ents corresp on d in g to on e or
T h e T ru stees o f the V illa g e o f Sea Cliff, Queens
m ore o f th e ou tstan din g am ou n ts o f the issues o f
bonds to b e paid, and n ot later In anv case than ten C ou nty, N ew York, will sell a t P u blic A u ctio n at the
days b e fo r e such issue o r issues b e co m e payable to V illage Board R o o m , on th e 10th day o f M arch, 1897,
the h olders th e r e o f un d er t he call m ade by th e city at o n e o ’clo ck P. M .. to th e h igh est bidder, $5\000 5
th erefor. T h e net am ou n ts o f th e Issues ou tstan d
Ing are $406,600, $23*’- 0 u, $226.6o0, $ 1,990.000, $7oO.- per cent H igh w ay Im p rovem en t Bonds.
Ow, corresp on din g to the am ou n t o f th e bonds offered
Particulars m ay be obtain ed o f Frank J Cole
fo r sale under th is advertisem en t.
T h e checks o f unsuccessful bidders will be Im ­ Clerk, Sea Cliff, L. I , o r 47 B road w ay, R oom *8, N ew
m ed iately returned to them b* th e T ru stees through Y ork City
th e m all, unless oth erw ise requested by bidders. No
interest will b e allow ed on t b e ch e ck o f the su ccess­
ful bidder, p roceed s o f w hich will b e applied tow ard
paym ent f o r b on d s.
T h e T ru stees o f th e Sinking Fund reserve tb e right
B A N K E R S AND B R O K E R S ,
to r e je c t any o r all bids, and t o acce p t such bid or
bids as m ay seem t o them th e m ost advantageous to
tb e city.
By ord er o f th e T ru stees o f th e Sinking Fund o f
STOCKS. BO N DS A N D H IG H -G R A D E
th e City o f C incinnati, O hio, this February 23d, 1897.
IN V E S T M E N T SE C U R ITIE S.
A ttest:
JU L IU S D E X T E R .
Circular L e tte r, including list o f selected B onds,
L o u is Ca r r o l l , Clerk.
President.
M ailed Free.

* 5 0 ,0 0 0

10 YEARS, 4?.
P roposals w ill be re ce iv e d by the undersigned until
T U E S D A Y . M A R C H 2d, at 10 A . M .. f o r the w h o le
o r part o f a loan o f $150 000, au th orized b y th e City
C ou ncil o f F all R iver, M ass., F eb ru ary 1st, 1897.
Said loan is to be issued in the fo r m o f registered
bon d s o f th e den o m in a tio n o f $l,00i o r an y m ultiple,
w ill b e dated M arch 1st, 1897, and fall d u e M arch 1st,
1907, and will bear in terest at th e rate o t fo u r (4) per
cen t per annum , payable sem i an n u ally o n th e first
days o f M arch and Septem ber, in each year. Checks
will b e m ailed f o r in terest as it falls due. T h e loan
|8 se cu re d by sinking fu n d , as required by sta tu te law.
A ll bids m u st be m ade s u b je c t to accru ed interest,
and a certified c h e c k draw n o n a nation al bank fo r
tw o (2) p«. r c e n t o f the a m o u n t o f b o n d s bid fo r, and
payable " t o th e ord er o f th e C ity o f Fall R iv e r ,”
m ust accom p an y each bid. C hecks o f u n su ccessfu l
bid d ers will be at o n c e returned. T h e right is re­
served t o r e je c t an y o r ail bids. A d dress
C H A S . P. B R IG H T M A N .
T reasu rer o f th e City o f Fall R iver.

* 2 2 ,5 U O

Village of SeaCiff, N.Y., City of Bradford, Pa,
5 Highway Improvement
Bonds.

C. H. Van Buren & Co.,

02 B R O A D W A Y , N E W Y O R K

4 Per Cent Bonds.
Sealed proposals w ill be re ce iv e d by th e under­
sign ed a t th e office o f th e M ayor o f th e City o f Brad­
fo rd , K osen oerg & M ichael B lock , up to 5 o 'c lo c k
M ., M arch 1, 1897, f o r sale o f T w e n ty -tw o T h o u ­
sand F ive H undred ($22,500) D ollars o f th e Cit
Bon ds o f i he City o f B rad ford, Pa., authorized to
Issued by ord in an ce N o. 664 o f said city , an d It
am endm ents.
T h e Bonds a rc $2,500 f o r te n years, $10,000 f
tw en ty years, *10,000 f o r th irty years, 4jC. Inter©
payable sem i annually.
Each bid m ust be a ccom p an ied b y a certified c h e ck
in the sum o f $500, to b e fo r fe ite d by th e su ccessfu l
bidder in case h e fail to pay o v e r t b e am ou n t o f his
bid upon n o tice aw arding sale o f said Bonds t o hlm^
T h e right to r e je c t any and all bids is h ereb y re erved.
GEO . C. F A G N A N , Mayer.
A . D. S L O A N , City C on troller.

1 H E

436

C H R O N IC L E .

Wallingford tn otrai Hcbool District, Conn .—Bonds Pro —Ii in rrixirtvdi that bond* of this d'Strict to the amount
of $40,000 arts under conalderatioo. The securities, if author*
i « d , will bear i»tere*t at tue rate o f 3 per cent.
W eU m pt*. Ala .—BoiuU Authorised . —It is reported that
school bond* of this municipality to t h e amount of $10,000
have been authorized.
Whltrstoae, N. Y. —Boml .VVuw.—About one year ago the
eitiren* of this village defeated a pr ,p >sition to is*u* 85,0 k)
of bonds for the purpos.t of paying off an indebtedness which
bad K fti acoutmilulog for several years. The Board of Village
Truster* has petitioned the 3 cate Legislature for permission
to issue three bonds, which action has caused considerable
opposition among the people of the place.
Wllkesbarr*, Pa.—Bonds Authorized, —Oq Feb. 16. 1897,
the tdteu.n of this city voted in favor of the orop wtiioa to
issue $100,000 of bonds to be used as follows; $70,000 for con­

IN D E X

TO

ST *T £

[V

ol

. U Q V ,

struction of sewers, $30,000 for street improvement and $10,000 for the fire department.
Yeadon, P a .— Bonds A uthorized ,—The citizens of Ye ad on
have authorized the issuance of $10,000 of sewer bonds.
Whitman Comity, Wash.—The following statement has
been corrected to February 1, 1897, by means of a special re­
port to the C hronicle from John Tobin, County Auditor.
County seat is Colfax.
F o r d in g B o n d s -

Tar valuation,personal.82,000,548
Tax valuation, railr'ds.. 1,289,-12.8
Total valuation 1890..12,080,069
Total tax rate (per $1,000).820-00Fopulatlon in 1896 (eat,)...30,000

58, Apr. 1, $200,000..Apr. 1, 1912
Optional after A pi-. 1 , 1902
Interest payable in New Yorlt Cl tv.
Bonded debt Fell. 1, ’97.. $200,000
Flouting debt..................
75,000
Total debt Feb. 1, 1807.. 275.000
Tax valuation, real....... 8.790,708

*N J>

C IT Y

P op u lation In 1 8 9 2 w a s ___2 2 ,5 6 9

Population in 1890 was. ...19,100
Population ill 1880 w a s.... 7,014

D E f^ flT M E N T .

reference is m a d e by the page number to every item regarding State, city, town or county finances which has been
Chronicle. F o r i n d e x t o items in Volume 63, see Chronicle o f December 26,1896, page 1175. I t e m »
in the current number arc not noted in the index. Full-face types refer to latest reports of total debt, assessed valuation, &c. This index will he
p a b l ^ b e d i n the Stats and City Department o f the Chronicle on the last Saturday of each month. Items marked * will be found in
l a the* f o l l o w i n g i n d e x

p a h iis L c d in

the p r e s e n t

v o lu m e o f th e

Volume 63.

4 d A m s C o ., 0 .

. . ..1 4 6 ,

Brook!ine, Mass.......... 146
4a
Brooklyn, N. Y ....................
Bryan, Ohio........ ..... 342
B u ffa lo , N . V . ............214. 3 4 'Z
UurrillvOle, R.l.......... *1171
Butler, Pa ................
94
r^aklweil Co., Ky........
94
V
alhoun
Co.,
Ala......
388
Beimar, N. J.............. 2 » 6
296
B e n t o n v ille . A r k . . . . . . . . .
888 California,.........
B in g h a m t o n , N . Y . . . . . . .
206 Cambridge, Mass.........
342
388
B l o o m i n g t o n . 1 1 1 .,..........
49 Camden. N. J....244, 342,
M
BiufTton. O . ............
199, 3 4 a Canton. Ohio.............
297
B o s t o n , M a s s .- ,*11 7 1 .4 9 ,
9 4 Cass Co., Mich ......
z97
B o s t o n S u b w a y L e a s e , . . *1171 Centerville, La...........
244
B o w lin g G r e e n , o ...........
2 1 1 2 Centerville, Mich..., 199,
B ra d fo r d . P a . ...............
244 Charles Co., Md.........
146
Charleston, S.C .. ..244, 297
B r a z o r ia C o ., Tex........ 1 1 9
B ridgeport. C o n n .. . . . ..
296 Charlotte. Mich.... 199,
297
B r o c k t o n , M a s s .................
146
.4 9 Charlotte, N. C......... ..
0 filtlm ore, M d — 1 4 6 .

206

ilU b a r o * ................

888

1 >

A l t o v O cl. N . Y . . . 2 « « , 3 S N
A lb a n y C o .. W y o ... 1 * 4 7

A llegh en y, P a ......... *1171.

^

A l i a n t o w n . P a .......... ...U K

388

A m herst C o . V a ... — ..
Ann A rbor, M ich .............

300
04

A n o k a , M in n ............

342

Arkansas N on -H oi ford
B o n d s * ..................
40

A r l i n g t o n , M a s s ...........
*1171
A t c h i s o n . Kju i ...............
24?
A t h e n s , A l a ..............
49
A t h e n s . O . ...........
....
04
A t l a n t i c C ity ,
*98*
342

A u bu rn . Me .........

.. *1171

A u g u s t a , G fL ------— 214,

199, liOfl.

342

NEW LOANS.

P U B L IC !

Y O R K

K le y b o lte

&

O o .B

B A W R Iftjl
Northwert cor. of Third and Walnut Streets,
C IN C IN N A T I,

O.

4 1 a n d 4 3 W a ll S t r e e t , H e w Y o r k .
C h i c a g o D r a i n a g e . .............................................. .4h£a
Ih «

M o in e s , I n .

S c h o o l ) . ...................................

Ma«kegon. Rich

....... ................ .. -So

Om aha, Nebrm #ka.
A s h la n d ,

W i n , < < ioId > ...

........... ..7s
...

SAVINGS BANK AND TR UST
FUNDS.
LISTS MAILED ON APPLICATION.

Farson, Leach & Co.,
CHICAGO,
115 Dearborn St.

BANKKRH,
« „

171

N. W. HARRIS & CO.,
CHICAGO.

-

NKWYOKH.

City of Trenton, N. J.,
4s ,

City of Fall River, Mass.,

S a v in g s

B anks.

City of Cambridge, Mass.,
■
City of Cleveland. Ohio,
• •

4s
4s

A f u ll d e s c r ip t i o n o f e it h e r o f t h e s e is s u e s , w ith,
p r ic e s , w ill b e m u lle d o n a p p lic a t io n ,

E. H. ROLLINS & SONS,

4s.
FOR

S A V IN G S

a ill.K

STREET,

BBHT ON ................................................. M A S S .

C O .,

80 B R O A D W A Y ,
NTRW Y O R K .

W. N. Coler & Co.,
BANKERS.

34 N A SSA U

STREET.

M il l s

&

B lanchard,

SAFE INVESTMENTS.
rice* and Particulars on Application.

C. H. W H I T E & C O ,
*,

7vt H r « . o 4 i * a , , N > „ V o r k .

BOUGHT AND SOLD.
D e v o n s h ir e

B u ild in g ,

16 Slat® S treet, B o u to n , M ass.

MUNICIPAL

BONDS.

E. C. STANWOOD & Co.
BAN KERS,

VO ItK S T A T E .

b a n k e r

EDWD. C. JO N ES
321 C H E S T N U T S T R E E T ,
P H IL A D E L P H IA .

G%o n its

M U N ICIPAL BONDS

FOR

10
B A S K # IN N K W

T h is r o a d h a s b e e n p a y in g d i v i d e n d s o f
s t o c k a n d e a r n in g a b o u t 9*7 f o r 18 m o n t h s .
P r i c e a n d s p e c ia l c ir c u l a r o n a p p lic a t io n .

BAN KERS.

N ew Y ork

R e g is t e r e d 3 s .

IN V E S T M E N T S

M O R G A G S, GOLD
BON DS,
B a n d Is s u e , 8 1 5 0 ,0 0 0 .

Capital ttcoch, 8150,000

I ,n M a i l . H i.,

INVESTMENTS

A t T H O fU Z R Ii

FIRST

BOSTON.

IS WALL STREET,

County of Rockland, N. Y.,

R e g is t e r e d

&

M U N IC IP A L BONDS.

Bought and Sold.

CRICAMO.

R e a is t e r e d

Ilio n

B A N K E R S,

MASON, LEWIS & CO.,
» t « »

HEW YORK,
2 Wall St,

GOVERNMENT and
M U N IC IP A L BONDS

FOR MALE BY

no-

H e r k im e r M o h a w k

FO B

.................... . . 5 *

W c « t C h ic a g o S t, I tK , (T u n n e l)...... .......... a s
F ir s t M o r tg a g e .

«

$ 7 5 ,0 0 0

F r a n k L r t E le c t r ic B y .

B O N D S.

D U E N O V E M B E R 1 st, 1916.
n rrB B M S T p a y a b l e j a n . is t a n d j u l v is t,
E x ecu tors*, A d m in is t r a to r s , G u a r d ia n s a n d o t h e r s
h o ld in g tru st f u n d s a re a u t h o r iz e d b y a n a c t o f t h e
L e g is la tu r e p a ssed M a rch 14, 1889, t o in ­
v e s t in Vbmo b o n d s .
P R IC E A N D P A R T IC U L A R S O N A P P L IC A T IO N

R u d o lp h

38S ICripple Cr. Sch. Dis.. Col. *46
Cumberland, Md........
94
146 T A a n b n ry, C o n n ,........... * 1 1 7 3
L/eflance, O.............
94
1 9 9
Co,. C a l . ............... *1171
49 D elta
e lta Co.. Mich.........
388 D
n Co., T o x ....... .
49 D en iso
v e r, C o l..... ..............
199 D e nte
r, M o
.............. .
297
300 DD eo xthen,
A la . . . . . . . . . . .
297
ubuque. I a ...........*1171,
94
297 DDuluth,
148
in n ,........... . . .
nw
38S D unkirk.MN.
V
.................
*1171
297 D uquesne, P a .. . ............. 199
199
4v* l ? a s t C levelan d, O .......................14®
342 Fjast Liverpool. O...... *1171
244 E aston , P a . ...................
38®
34 4 El Paso C ou n ty, T e x . . . . 1 5 0
388 Elsinor, Gal,.. 94,244, SB5a
388

NEW LOANS.

S E C U R IT IE S

S U IT A B L E

Z% PER CENT
G O L D

Charlottesville. Va......
C h elm sford . M a s s ...241,
Chelsea, Mass.... . ...
Chicago Sanitary List.,
11 1 ................................. . . 1 4 6 ,
Chippewa Co., Wis.. ..
Cincinnati. 0.94.244,297,
Claiborne Co., Miss.,,,,.
ClarkesviUe, Tenn,.....
Clay Co., S. D.... ........
Cleveland, 0..49,94.199,
241,
Colbert Co,, A»a .. ..
College Hill, O . . . A 0, 146,
Colorado Springs, Col.,,
Columbus, Ga .........
Colum bus, M is s ......... . .
Coraopolis. Pa... .94,146,
Cowley Co.. Kan.........
Craven Co.. N.C...... ...

___ NEW LOANS. ___

CITY OF
N E W

342

B a r t le s v ille , O . . . . . . . - I M ,
24»
B a rt o n . V t .................3 4 2 , 3 8 8
B a y C it y U n io n S c h o o l
388
D is t r ic t , M i c h . ..............
B a y o n n e . n , J . . . ................
206
B e a t r ic e , N e b . . . . . . . . . .
388

SEND F O B

L IS T

City and County Bonds.
D I E T Z , D E N IS O N & PRIOR,
3 3 C O N G R E SS S T R E E T . . B O STO N .
— 1 0 9 S u p e r io r S t r e e t , C le v e la n d O.

,21 Devonshire Street.
BOSTON.
P I N T S 8 E N T U P O N A P I 'E I C A T I O N .

R. T . Wilson & Co.,
BANKERS AND COMMISSION MERCHANT
3 3 W a ll S tr e e t* N e w Y o r k

F e b r u a r y 27, 1897.]

f H E
INDEX

E scon d ido
Irrigation
D istrict. Cal.............146,
E ssex Co., N .J ...........297.

297
342

TO

H u d son , M ass..............
H udson. N. Y ..................
H u n tsville, A la ................

I ll i n o i s ...............................
200
I n d e p e n d e n c e , M o .........
297
Indianapolis, In d — 147.
245
Io w a ............. ..
200
Ipsw ich, M ass................... *1172
ack so n ville . A la .............. 297
am aica. N. Y .................
95
Jefferson ville. I n d ...........
389
Jersey City, N . J ....... 341.
343
Jo h n sto w n , N. Y — 147,
‘2 0 0 ,3 4 3 ,
389
J o n e s Co.. T e x ................. 2 0 2
Jun iata. P a ............ 147,
3e 9

ia le n . N. Y ................95.
CTallin
Co.. 0 ..........95,

ha Co., W . V a ..
K anaw
ansas City. M o .........

F

244
199
2U7
G allipolis. O h io ................
G allup, N . M ex ................
388
G alveston , T e x ................
49
G a lveston C o., T e x .........
388
G illett S ch o o l D i s t , C o l.
199
G len R id g e. N . J .......
38S
G lenville, O hio.
... ..
297
G ioversville, N. Y . .. 199
339
G lynn Co.. Ga
............
245
G oth enburg, N e b ............
5o
Graham , V a
..............
342
G reen w ood . M iss---------199
G renada, M i s s .................
342
G ro v e City, P a ...............
342
G ru n dy Centre. I a ...........
342

8 c b . D is­
H ackensack
trict. N. J .................

297

STATE

147
297
200

146
all R iver. M ass....... 94.
alls Co.. T e x .........* 1 1 7 4
Fargo. N o. Dak...........
49
Far R ockaw ay. N. Y .,
*1171.49,147, 1 4 9 .
244
Fayette Co., T e x ..............
97
Flagstaff. A . T ............147,
388
F lem ln gsburg. K y ..........
297
F loren ce, C o l.....................
147
F lushing. N. Y
...........
244
F on d du L ac. W i s .......
342
F o r t C ollin 8 Sch.Dis..C ol.
147
F ranklin. M in n.................
3-8
Franklin Falls. N. H .......
147

J

343
203
Kaukauna, W i s .......
245
K a w T w p .. M o................... 2 0 .3
K earn ey Tw p., N .J .........
147
K ent Co.. D el................... * 1 1 7 4
K ingston, N. C ..................
50
K n ox Co.. T e n n ................
343
K n o x v ille , T e n n — 147,
245
ancaster, P a .................
aredo. T e x ...................
L a urens, S. C.....................
L a w ren ce Co., O ..............
L e e Co.. A la .
L e b ig h to n . P a .................
L e R o y , M in n ...................
L ew es. D e l .......................
Lim a, O ................................
L in coln , N eb .....................
L ittle Falls. N. Y ............
L ittlestow n . P a ..............
L o n g B ran ch . N. J . .........
L os A n g e le s Co., Cal. . . .
L o u isv ille . Ky
.............
L ow ell. M ass.....................
L yn ch bu rg, V a ................

L

389
147
50
150
*1172
245

343

380
200
389
3 »1
200
*1172
50
95
343
50

H am ilton Co.. 0 . * 1 1 7 3 ,
297,
342
H arrietstow n U n. Free
Scb. Dis. N o.I, N.Y.199,
342
H arrisburg. P a .................
95
H arrison Co., T e x ............ 1 1 9
H arrison U nion School
D ist. N o. « , N. Y ..........
297
H astings, N eb . 147, 245. 3 0 0
343
abel. M inn..................
H ealdsburg. C al...............
147
aeon. G a ...............147,
343
297
H elen a , M o n t........... 245,
M adison, M inn..................
2 i5
H erk im er Co., N. Y ............. 9> M arietta, O h io ...........297, 3 8 9
H illsb oro. T e x ........
297
j M assachusetts........... 297,
343
H illsb orou gh B ’dge Fire
M assillon, O hio ..............
389
D istrict, N. H . . . . *1171,
50 M cK eesport, P a . . .........* 1 1 7 3
H ob ok en , N .J .....
200
M edia. O .............................. 1 4 9
H old en , M o ............... 297,
3*9 1 M em phis, T e n n — .........
297
H olland City, M ich ..
389 M enasha, W is ...................
147
H olyok e. Mass *1171,50,
343 M iddle L ou p V a lley IrriH ou ston , T e x ..................
34 s 1 gat.D ls., Sargent, N eb.,
H ow ard Co.. M o................
147
95,
245

M

N EW LOANS._____
$ 2 7 7 ,0 0 0 .

C H R O N IC L E
AND

CITY

D E P A R T M E N T - C o n c lu ded.

M id d lesex Co., N. J .........
147 P ie r c e Co., W is .................
147 P im a Co., A r iz ..................
M iddletow n, N. Y ............
96
297 P lainfield, N . J ......... 200,
Milwaukee* W is ..............
19s
200 P leasant Ridge. 0 ............
M itch ell, S. D ...................
51
296 P o ca h o n ta s, Va...........148, 246
M itchell Co.. T e x ............
343 P o m e r o y . O ........................
M ohaw k, N. Y .................
96
95 P o p e Co.. I l l ....................... 2 9 S
M oline, i l l ..........................
147 P o r t G ibson, M is s ...........
h6
M on roe. N. C .....................
389 P o r t H u ron , M ic h ........... *1172
M on tgom ery, A la . . 200,
343
M on tou r Co., P a .............. 1 5 0 P o rtla n d . M e .....................
M organtow n , W . Va.,
P r o c to r . V t .................... 96,
29*
147 P u eblo, C o l.......................
95,
389
P u e b lo Co., C o l.................
M orrisville. V t ................. 3 4 4
148
389
M ou ltrie. G a .....................
200
u incy, HI................. .. 3 8 9
M t. P leasan t, N. Y ..........
297
M t. Sterling, O h io ..........
M t. V ernon . N. Y . .50. 95,
297
147,
148
ankin, P a .....................
147
a y m o n d . M iss............
M uskegon. M i c h ............
148
M uskingum Co., O h io ... 3 8 9
R e n o , N e v ......... .............
96
R e n sse la e r Co., N. Y..
50
V ashua, N. H .................
148,246, 2 9 8
51 I R om e. N. Y
....*1172.
52
' atick. M ass.................
N ebraska City, N e b —
2 0 2 R y e and H arrison J o in t
343
U n.F ree S ch .D ist.,N .Y .
246
N evada City, C a l..............
N ew B e d fo rd , M ass.,
*1172,
343
t. Alban s, V t ..........200,
246
2 97
N ew berry, S. C .................
t. A lban s, W . V a .........
200
N ew Britain. C o n n .......... *1172 St. A lb a n s A ca d e m y &
Mew burg,
Y ..................
51
G raded S ch o o l i>is3
4
4
trict.
V
t
............... *1172,
N ew Castle Co.. D e l.......
96
95 St. C roix Co.. W i s ............
N ew H aven , C o n n — 51 ,
200
N ew L o n d o n . C o n u .......* 1 1 7 3
St. Joh n sb u rv, V t . . 298, 3 4 3
343
New M e x ic o ............ .. ..
St. Joseph , M o .................. 2 0 3
N ew Orleans, L a .............. *1172 St. J osep h Sch. D ist.,M o. 2 0 3
3*9 St. L aw ren ce Co., N. Y..
N ew port. R . I
.........
90
N ew ton, M ass........*1172, 3 4 5 St L o u is, M o ..................... 3 9 1
• 90
N ew tow n U nion Free
Saudusky. O. .. * 1 1 7 4 ,
Sch. Dis. No. 14 (L . I.),
2P9
San F ran cisco. Cal .........
51 San Jose. C a l................97.
N. Y ...............................
148
389 San Mitruel Co.. C o l .......
N ew Y o r k ....51, 147. 245,
299
N ew Y ork City, N. Y.147,
Santa C n u . Cal ..............
S'-H
389 Sargent. N e b ....................
298,
148
343 Saunders Co., N e b ..........
N o rfo lk . V a ........................
200
200 Scarsdale, N. Y ................
N ortham pton , Mass........
52
61 Sch en ectady , N. Y ........... *2o0
N o rw o o d , O........................
*99
S evier Co., T e n n ..............
2
0
akland. Cal....... 1 5 0 .
Sharpsburg. P a ................. ♦1172
245 Shaw nee Co., K an ......... 3 4 6
m aba, N eb . . . 6 ] ,* 00 ,
147
O neonta. N. Y ...................
Shelby, O h io .....................
343
Sidney. Ia ................... 200,
O range. N. Y ....................* 1 1 7 5
313
. 200.
343
O regon, M o .......................
298 S iou x City, Ia ..
O w ynee C j ., I d a h o ....... 2 9 8
Snoh om ish Co.. W a s h ...
343
Sny Island L e v e e D rain­
age D istrict, III............
a x to n Irrig. Dis., Neb.
200
343
erth A m b o y , N. J .......
147 Springfield, Mass.,
Phelps, N. Y.........51, 148, 2 0 0
* 1 1 7 3 .1 4 8 .
200
Stam ford, C o n n ____201, 3 8 9
Ph iladelphia, P a .........96,
148,
245 Stark Co., O ..................... *J 1 7 5
P ie rce Co., W ash ..............
343 Stoueham , M a s s ...
*1172

Q
R

S

O

P

M ISCELLA N EO U S.

Blodget, Merritt & Co.,

&% GOLD FUNDING

BONDS

OF T H E

B A N K E R S,

16 Congress Street, Boston.

T e r r ito r y o f A r iz o n a ,

STATE CITY & RAILROAD BONDx.

(R E G IS T E R E D O R CO U PO N.)
H a ted J a n . 1 5 . 1 8 9 6 .

D u e J a n . 15. 1 9 4 6 .

(O ption o f paym ent a fte r 20 years.)

DENOMINATION

-

$1,000.

I n t e r e s t p a y a b le J a n . a n d J u ly 1 5 .
P rincipal and C ou pons payable at the

Guaranty Trust Company of New York.
F or prices and particulars add ress

A. C. FR O ST & CO.,
108

I .A

SALLE

STREET,

C H IC A G O .

W H A N N & S C H L E S IN G E R

1850.

18117.

The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
A l l p o l i c i e s n o w i s s u e d b y t h i s C o u ip n n y
c o n t a in th e f o llo w in g c la u s e s t
“ A f t e r o n e y e a r fro m th e d a te o f is s u e ,
th e l i a b i l i t y o f th e C o m p a n y u n d e r th is
p o lic y s h a ll n o t b e d is p u te d .”
“ T h is
p o lic y
c o n ta in s
n o r e s t r ic t io n
w h a tev er
u p o n t h e i n s u r e d , in r e s p e c t
e i t h e r o f t r a v e l , r e s i d e n c e o r o c c u p a t i o n .* *
A ll D e a th C la im s p a id W I T H O U T D I S ­
C O U N T a s soon n s s a tis fa c to r y p r o o fs h a v e
b e e n r e c e iv e d .
A c t i v e a n d S u c c e s s f u l A g e n t s , w i s h i n g to
r e p r e s e n t th is C o m p a n y , m a y c o m m u n i­
c a te w ith th e P r e s id e n t, a t th e H o m e
O ffic e , 2 6 1 B r o a d w a y , N e w Y o r k .
O F F IC E R S :

M U N IC IP A L

G E O R G E H . B U R F O R D ....................P r e s i d e n t
C. P. F R A L E I G H .. ............
Secretary
A . W H E E L W R I G H T ................... A ssistant Secretary
W IL L IA M T. S T A N D E N ................................... A ctu a ry
A R T H U R C. P E K R Y ........................................... Cashier
JO H N P. M U N N ...................................M edical D irector

BONDS.
W ALL

2

STR EET.

NEW

YORK.

IN

Co.. N. Y .. 201,
U nlster
io u v iile F ire D is -

390

trict, C o n n ......................
U pper A lto n S c h o o l D is ­
trict. I l l ............................
U pper Sandusky, O hio .
U xbrid ge, M ass................

343
30<*
148

Y 7 a le n tin e . N e b ............
V e m o n Co., M o ............
V isalia, C a l.........................

300
202
*99

390

V I aco, T e x .....................
52
ash in gton , P a .201.
3 j3
W a te r bury. C o n n ....... 52.
97.
313
W a te rv lie t, N. Y ..............
299
W aukesh a, W is ................
»7
W ebb, N. Y ........................
201
W e b ste r G ro ve . M o .......
97
W ellsbu rg, W . Va
. ..
390
W e st A lexan d ria, O h io .
29*
W e stb o ro u g h . M ass.......
i48
W e sterv ille, O h io ............
29*
W estm orelan d Co., P a ..
343
W e st Orange, N .J .......... 3 0 0
W e s t P o in t, M iss .........
299
W estp ort. M o ...................
148
W h ite P lains. N. Y .........
390
W h itm an. M ass..............* 1 1 7 4
W ilk es Barre, P a ............
52
W ilkinsbu rg. P a ..
201,
3i-0
W illia m sp ort Sch o o l D is­
trict. P a ................ *1172, 1 4 8
W ilm in gto n . D el.......201,
246
W ilso n . X . C ..................... 3 4 4
W in th ro p , M in n ..............
344
W is c o n s in ..........................
*46
W ise Co., V a .....................
52
W o o n so ck e t. R . 1 ............
299
W o o ste r. O hio...................
344
W o rce ste r, M ass.........52,
247
onkers, N . Y .........202,
ork. P a ..........................
Y ou n gstow n , O ................

247
3«0
97

Y

Cable A d dress
.* RtTOERATiON, N. Y .

Haight &, Freese,
Bankers A Commission Stock Brokers,
53 B R O A D W A Y . N EW Y O R K .
85 ST A T E ST R E E T , BOSTON .

STOCKS

B O N D S AN D G R A IN

B o u gh t and Sold at 1-10 Com m ission.
S p e c ia l a t t e n t io n g iv e n to o u t -n f-t o w a
a ccou n ts.
TRAN SACT
A
GENERAL
B A N K IN G
STOC K E X C H A N G E B U 8 INESS.

AND

INVESTMENT BONDS.
A cco u n t# o f Banks, Bankers and Individuals
received o n fa v o ra b le term s.
N A T IO N A L B A N K R E F E R E N C E S F U R N IS H E D
U P T O W N O F F IC E . 1 1 3 2 B R O A D W A Y .
W rite o r call f o r ou r “ 40Q^PAGE M A N U A L .” Il­
lustrated w ith railroad m aps, g ivin g co m p le te In­
fo rm a tio n o f ail R A I L R O A D and IN D U S T R IA L
properties, includ ing h igh est and lo w e st prices fo r a
series o f 10 to 80 years o f Stocks, B on ds, Grain and
C otton, and also the m eth ods o f bu yin g and selling
on m argin.

W. J. Hayes & Sons,
BANKERS,
D E A L E R S IN M U N I C I P A L B O N D S ,
Street Railw ay B on ds, and o th e r h igh -grad e in ­
vestm en ts.
K 08T O N , M ASS.,
C le v e la n d , O h io ,
7 E x ch a n g e P lace.
3 1 1 - 3 1 3 S u p e r i o r H i,
Cable Address. " K E N N E T H ."

©otton gucis.
J. Spencer Turner,
SUCCESSOR TO
C o .,

M A N U F A C T U R E R A N D D E A L E R IN

C O T T O N SAIL DUCK

I n t e r e s t 7 P e r C e n t N e t.
COMMISSIONS charged b orrow er o r lender
until loans h ave proven good

GENUINE

F R A N C IS S M I T H Sc. C O .,

WELDED CHROME STEEL AND IRON

K AN A N T O N IO . T E X A S .

R o u n d and Flat Bar* and 5-plv Plates and A n gles
F O R SA F E S, V A U L T S , Ac.
C annot b e Sawed, Cnt o r D rilled, and p ositively
Burglar P r o o f.
C H R O M E 8TE E T, W O R K S ,
K ent A ve., K eap A H o o p e r 8 ts.
S ole M an ’f ’ ers In th e U. 8 . B R O O K L Y N , N . Y .

THE WALL STREET JOURNAL
G iv e # v a lu a b le in fo r m a t io n d a ily o n s t o c k s a n d b o n u s

D o w , J o in ts A C o ., 44 B road 8 t

T

B r ln c k c r h o ff, T u r n e r &

TEX A S.

16 a year.

aun ton , M ass................ 3 4 5
h ree Oaks, M ich ......... *1172
Tiffin. O hio.
..299,
390
T ip p e ca n o e City, O h io ..
29y
T o le d o . O h io ...............299.
390
T re m o n t, P a ____
—
390
T ren ton , N .J ___* 1 1 7 2 .
3i3

L o n g D istance T e le p h o n e .
“ 114 CORTLAN'DT.”

GEO . G. W I L L I A M S ..............P res. Cbem . Nat. Bank
JO H N J. T U C K E K ................................................. B uilder
E. H. P E R K IN S , JR ., P res. Im p. A T rad ers’ Nat. Bk
JA M E S R. P L U M .................................................. L ea th er

SECURE BANK VAULTS

148
97
52
390
390

|Suisun, C a l........................
! Sullivan, 111........................
j Sullivan Co., I n d ..............
Sum m erville, G a ..............
Syracuse, N . Y ..................

M IS C ELLA N EO U S .

F IN A N C E C O M M IT T E E .*

M O R TG A G E LOANS
NO

4 8 7

N. T

A N D A L L K IN D S OF

C O TT O N C A N V A S F E L T IN G DUCK
C A R C O V E R IN G B A G G IN G ,
R A V E N S DUCK, S A IL T W IN E , AC.,
P O P E “ A W N IN G ’» ST R IP E S .
AGENT

U N IT E D S T A T E S B U N T IN G C O .
A full supply, all W id th s and Colors, always lo
s tock .

10

Duane (Street, New Y ork

T H E

438

[You LXIV.

C H R O N IC L E .

£vust (Companies.
U n io n
T ru st C om p a n y
o r x e w v o itk .

United States Trust Co.
H o*. 4 6 A * 7

CAPITAL

Broadway, ff®W York.
$3 ,000 ,0 00
$ s t2 i:s%
ooo

C4 FITM
sun p l u s ,

AKTilOttlSie.lt TO ACT AS

Executor, *dministraior, Guardian,
Receiver or Trustee,

IKU IS
5 IM G A l , D EPO S IT O R Y FOR MONEY.

ACTS AS TRUSTEE OF MOKTGAGE'S OF
CORPORATIONS and accept* the transfer agency
and m0»m ot *toeka.
AUA»W> INTEREST ON DEPOSITS. which may
tH? raadc a&my time, anti withdrawn on five days’
5?v;
with lateral for the whole time they remain
«uii the companyK.»r the wnventenee of depositors this company
also open* CURRENT ACCOUNTS, subject, in tup
cordanm with its rules, to cheek at sight, and allows
interest upon the resulting daily balances. Such
ehneks pass through theClearing House.
Attends specialty to the
m an agem ent

of

real

estate

and to thecollection and remittance of rents.
It makes ample provision in its
B U R G L A R A SI ) F I R E P R O O F VA TILTS

W ALL STREET.

AND H U K PLC 8,

A M E R IC A N LOAN
-AND-

TRUST

COM PANY,

B O ST O N , MASS.

$ 1 1 ,5 0 0 ,0 0 0 .
This Ci'mwHiy Is a legal depository for money,
paid Into Court. anil l» authorizedto aet as Guardian,
Trusteo or Executor.

C A P ITA L,
SURPLUS,

.
-

.

.

* 1 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0

A legal depository o f moneys paid into Court and
IHTK KKM T A L L O W E D OK D E P O S I T S for
Adminigfcratora, Executore, Guardians and
.hlch may he made at ant time and withdrawn
after live day*’ notice, and will be entiCTed to inter­ Trustees,
INTEREST ALLOWED ON DEPOSITS.
est for the whole time they may remain with the
Trustees under Mortgages, Transfer Agent*> and
1 iSecnfor*. Administrators, or Trustoes of Estates, Registrars of Stock.
Religions nr.itBenoroleut. Institution!-, ami tndiridBOARD OF DIRECTORS.
nais, trill find this Company a convenient depository
for mom,
Chat. Francis Adams. 2d. Samuel Little,
JOHN A. STEWART, President,
Oakes A. Ames,
S. E. Peabody,
D, WILLIS JAMES, Vice-President,
Edwin F. Atkins,
Francis Peabody
JAMBS S. CLARK. 2d Vice-President,
Isaac T. Burr
Albert A. Pope,
HENRY L. THORNEL1,, Secretary,
Samuel Carr,
N. W. Rice,
LOUIS G. HAMPTON. Assist. Sec’y.
F. Gordon Dexter
R. B. Robbins,
D avid P . K im ball
W . B. T h om as,
TR USTEES.
Henry D. Hyde,
Baninol Sloan, Charles S. Smith, Geo. F. Victor.
D. Willis James, Wm. Rockefeller,W. Wald. Astor, S. ENDICOTT PEABODY, President.
John A. Stewart, Alexander E. Orr.James Stillman,
N. W. JORDAN, Actuary.
.1. H. Rhoades. Wm. H. Hacy, JrJolm fflate,
__________
E, A . C O FF IN T r e a s u r e '
Anson P. Stokes.Wm. 1). Sloane, John J. Phelps,
John c. Brown, G. H. Schwab, Daniel Lord,
Edward Cooper. FrankLyman. John S. Kennedy,
W. B. Cutting,______________ D, O. Mllla.

CON TIN UN T A L
TRUST COM PAN Y,

OLD C O L O N Y
TR U ST COM PANY.
B O S T O N , MASS.
C A P IT A L ,

-

$ 1 ,0 0 0 ,0 0 0

for the safe-keeping of securities placed Inits cus­
O F T H E C IT Y O F N E W Y O R K .
S IJK P L U S ,
1 ,0 0 0 ,0 0 0
tody, on which it collects and remitsincome,
30 BROAD STREET,
T r a n s a c t a a G e n e r a l B a n k in g B n s ln e s * .
EDWARD KING, President,
C A P I T A L ............ ........................ $ 5 0 0 , 0 0 0
A
L
L
O
W
S
IN
T
E
R
E
S
T
O
N
IJA
1L
Y
B
A
L
A
N
C
ES SUBJECT
CORNEL-IUS D. WOOD, ,
TO CHECK
S U R P L U S ............................ .. 3 5 0 , 0 0 0
JAMK> li- 0«<II.VIE.
>Vice-Presidents.
T
R
U
S
T
E
E
U
N
D
E
R
M
O
R
T
G
A
G
E
S
.
T
R
A
N
S
F
ER AGKN" ,
AUGUSTUS W. KELLEY. S
OTTO T. BANNARD,........... ....... ...... President
REGISTRAR
j. v. B. TIf AVEILSecretary.
WILLIAM ALEXANDER SMITH... 1st Vice Pres’t
E. B» MKRIUT r. Assistant Secretary.
BOARD OF DIRECTORS:
GORDON MACDONALD. ..2d Vlce-Pres’t and Sec’y
C, C. RAWLINGS, Trust Officer.
T. Jefferson Coolidge, Jr., President.
HENRY E. DABOLL............ Assistant. Secretary Oliver Am
es,
Walter Himnewell,
D e s ig n a te d b y t h e S u p r e m e C o u r t a s a
C. W. Amory,
W. Powell Mason,
&
D e p o s it a r y fo r C o u r t M o n e y s.
B. P. Cheney,
Geo. V. L, Meyer,
I n t e r e s t a llo w e d on D e p o s i t s .
T.
Jefferson
Coolidge,
Laurence Minot,
E x ec u tes a ll T ru sts.
C
h
a
ts.
E.
Getting,
Richard
Gluey,
TRUSTEES
Geo, F, Fabyan,
Henry E. Reed,
40 WALL STREET, NEW YORK* WilliamJay,
Otto T. Bannerd,
Alfred M. Hoyt,
Robert W. DePorest,
Geo. P. Gardner,
Nathaniel Thayer.
Rudolf 13. F, FliuBCh,
Giraud Foster.
Henry S. Howe,
Stephen M. Weld,
Capital, $1,000,000 ISurplus, Si,250,000 Robert
«. Holt,
GordonMacdonald,
Henry
C
. Weston.
Henry M. Taber,
Gordon Norrie,
CHARLES S. FAIRCHILD, President.
O
liver
H
arriroan,
Jr.,
A.
Lanfear
N
orrie,
W1C.L, STRONG, 1st Ylce-Prea.
T. JEFFERSON COOLIDGE, Jr., President.
Win. Alexander Smith William F. Cochran,
Waiter Jennings,
ABRAM if. HYATT, 2d Vice-Pres. Robert. Olyphant,
C, S. Tuckerman, Vice-Pres’t and Treat.
John C. Havemeyer.
WilliamA. Hazard.
OSBORN W. BRIGHT, Secretary.
Geo. p . Gardner, Gordon Abbott,
W. Seward Webb.
Frank H. Platt.
ZELAU VAN LOAN. Asst. Secretary.
Trenor L. Park,
Francis R. Hart, Vice~PresidmU.
B. A, Phippen, Secretary and Ass’t Treat.
Aathorited to act aaexecutor, trustee, adnunlstra*
t rr. guardian, agent, and receiver.
J
oseph G. Stearns, Aa&’t Secretary.
Receives deposits subject to sight drafts, allowing T h e
Sta te T rust C o .
iMerest, Alegal depositoryfor courtandtrustfunds.
A designated depository for the reserve of State
100 B R O A D W A Y .
hanks. Accounts of banks5and
i bankers solicited
TRUSTEES.
C a p ital a n d S u r p lu s,
$ 1 ,8 0 0 ,0 0 0
CORNER SOUTH AND GERMAN STS.
a 8. Fairchild, M. C. D. Borden, James A, Blair,
W. H . A p pleton , B. Aymar Sands. J. G. McCullough.
A c ts a s T r u s t e e , R e g is t r a r , T r a n s f e r an d
BALTIM O RE .
Wm. L. Strong. James J- Hi!!, H. Hoagland,
F is c a l A g e n t o f C o r p o r a tio n s , a n d a s E x ­
J. W. Sterling.
W. K. Buckley, K. N. Gibbs.
e c u to r , A d m in is tr a to r , T r u s t e e , G u a r d ia n
CAPITAL*
SI,000,090*
H. Walter Webb, a n d C o m m itte e o f E s t a t e s . L e g a l D e p o s i­
8 ,G. N elson.
F. R. Coudert,
.Tam e* S tillm a n . John A. McCall
I d w ig d Uhl,
to r y for C o u r t a n d T r u s t F u n d s . T a k e s A LEGAL DEPOSITORY FOR COURT AND
fu ll c h a r g e of R e a l a n d P e r s o n a l E s t a t e s ,
TRUST FUNDS.
I n t e r e s t a llo w e d on D e p o s its .
Acts aa Financial Agent for States, Cities Towns,
ST. LO UIS T R U S T CO., FRANCIS S. BANGS, President.
Railroads and other Corporations. Transacts a gen­
eral trust business. Lends money on approved se­
N. W. Cor. Fourth and Locust Sts ,
curity. Allows interest on special deposits. Acts
K
S
01" ' 1Wec-Prea.de,ttc.
as Trustee under Mortgages, Assignments and
MAURICE S. DECKER. Secretary.
S T . LO U IS,
Deeds of Trust, as Agent lor the Transfer or Regis­
H. M. FRANCIS, Treasurer.
tration of Stocks and Bonds, and for the paymenuof
H. B. BERRY, Trust Officer.
coupons lntecest and dividends.
Capital and Surplus $3,000,000 00.
TRUSTEES.
J. WILLCOX BROWN, President.
Willis S. Paine,
Henry Steers,
O lB K P T D ItS ,
LLOYDL. JACKSON, First Vice-President
Henry H, Cook,
George W. Quintard,
1USNRYJ. B0WD01N, Second Vleo-rrrakient
fohn T. Darla,
A hrah Mansur,
Charles R. Flint,
Forrest H, Parker,
J. BERKARQ SOOTT, feecy, & Trejts.
W» L. Trenholm,
Charles Scribner.
Daniel Cat-lit*.
It. M, Rumso?,
DIRECTORS:
Samuel W. Fordyce.
William B. Kendall, Charles L. Tiffany,
Ino. A. Scudder,
( JAdolphus Busch,
Walter S. Johnston, George W. White,
Edward 0 . Sim m on,
Wm. A. Marburg, Lloyd L.Jackson, W.TLBaldwin„Tt
HflWtrjrC. HrtnrMiek.
Joseph N. Hallock. Peroival Knanth,
Edwin O. Stanniird.
JoshuaLeTcrms^
Frank Brown, H. A. Parr,
- Wm. JU.Hus®,
J. C. Van Blureom ,
Edwin A. McAlpin, Francis S. Bangs,
Alex. Brown, Clayton C. Hall, James Bond.
€3 i m . D . M e l.u rn .
Edwards Whitaker.
Andrew Mills,
Francis Lynde Stetson.
H. J. Bowdoin, J. WilcoxBrown, J. D. Baker,
W
illiam
A.
N
ash,
Thom
as
A.
M
cIntyre.
B
.
N
.
B
jiker.
John B. Garrett
Leopold Strouse,
TIPf& H. WBST, President.
Geo. Foster Peabody, Edward E. Poor.
Basil B. Gordon, Frud’k W. Wood, F. M. Thleriot,
II C H a a r s t i r l e , 1st V . - P . .I n n , A . S c u d d e r , 2 d V . - P ,
J. D. Probst,
Anson G. McCook.
Henry Walters, Fred M. Colston, F. S. Bangs.
J. I>. I Hie?, secy.
A. T. Went, Asst, Secy.
Andrew
D
.
Jones,
W.
B.
Brooks,,!
r.,
Doug. H.Gordon.
A, u Steward, f>*unsel, IsaacH.Orr, Trust Officer.
B&tm «t t*»a«r«*.* rritai Company tlualnean.
G u a r d ia n
SECURITY

New York Security
Trust Company,

Maryland Trust Co ,

no.

t

Hospital
Trust Company,

R hode

I s la n d

P R O V iflE S C E , R . I.
Capital 8I,O0O,®O0 j Murplu. .. $750,000
D1 VE C T O R S,

flsmtopfcer LlppStt\ Horatio N. Campbell
linyai C, Taft,
| Robert Knight,
it t. Goddard, YJohn W. Danielson
«**»■•tv il Mattc-on. |Herbert j. Wen*
William if Ely

wbhi}C, Pogrom.

R ob ert I. (fcuftmeJl.
W illiam D inner.
w
B. W
R aw land I la ia r d ,

Lym an B. Goff,
R u g o s e W,. M
Mas.
ason

Edward d . Pearce

Lfjfdan hb&rpe.

G. H azard

T ru st &

D e p o s it

C om pany,

BALTIMORE.

General Banking and Trust Business. Becomes
Trustee under Mortgages or Deeds of Trust. Finan­
cial or Transfer Agent for States, Cities or Corpora­
tions, etc., etc. Pays interest on Deposits.
EDWARD STABLER, JR., President.
WM. M. EYRN, Secretary and Treasurer,
DANIEL MILLER, .joN, K, TAYLOR, Viee-P es’ts
Executive Committee: iVra. IL Bosley (John 8,
GlttlngBACo.), Oti Irmas, George B. Baker, Henry
C, Matlhews, Job . T» Blake, Francis A. White, Matt
C. Fenton, Lewis GusdorO

Metropolitan Trust Co.,
37

and

Of the City of NewYork.
3 9 Wall S t r e e t , N e w

Y ork.

HERBERT J, WELLS, 8A*f’L R, DORRANCR
PitsIdeal,
Vloe-PrewdvDesignated aa a legal depositary by order of
Supreme Court. Receive deposits of money on In­
EDWA.ftD B. CLAft1C, WM. A. GAMWELL
act m fiscal or transfer agent, or trustee for
A**i«tni»t4feer*f*Y* terest,
corporations, and accept and execute any legal trusts
from persons or corporations, on us favorable terms
1,
•curtll®* bought and told to ad m
oth© aimbar companies.
vantage, Atlantic Mutual Scilp. Circulars.
Thomas Hlllhouse, Prea, Frod’kD. Tappen, V.-Pres.
2d V.-Pres. Beverly Chew, Secretary.
i . P, WlntrlBgligm, 86 Pine 8t„ N, ¥. C. M. Jesup,
Raymond J. Chafcry A«»i*tan Secretary.

Mississippi Valley Trust
Company,

N. W. cor. 4-th & Pine Sts., St. Louis, Mo.
Capital and Surplus......... .....S3,000,000
UNDER STATE SUPERVISION,
$300,000 deposit©*! with Wtate offlear to
protect true! liabilities.

A GENERAL TRUST COMPANY BUSINESS
Allows interest on Deposits.
Authorized to act as Executor, Guardian, Receive!
Trustee, Ac. Manages Estates. Collects Renta.
Becomes Surety on all kinds of Court Bonds.
Has Safety Deposit Vaults; A Savin,-sDepartmei 1
INVESTMENT SECURITIES A SPECIALTY
DIRECTORS
Charles Clark,
Geo. H. Goddard.
Thoa, T Turner
James Campbell
Wm. F. Notker. J.T.Drummond.August Gelmer
T.O’Reilly. M.D., S. E. Hoffman, Jruins S. Walsh,
Sara. M.Kennard, D. W Caruth. Williamson Bacon
Aug. B. Ewing, Thos. 12. Tutt, Hreckenr'ge Jone#
Elmer B. Adams. David R. Francls.llenry Hitohcoc*Wm. D. Orthwetn
OFFICERS
JULIUS 8. Walsh, President.
Bueckinrtjdgk Jones, 2d Vtce-Pres’t
DeJTjAOT Chandler, Secretary