The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(Entered aoeording to Act o f Oongreaa, in the year 1898. by the W i l l i a m B. D a n a C o m p a n y , In the offloe of the Librarian o f Congress.}
V O L . 66.
S A T U R D A Y , F E B R U A R Y 5. 1K98.
CLEARING HOUSE RETURNS.
For the month of January the clearings make a very favor
able exhibit. All but four of the cities included in our state
ment record gains over the corresponding month of 1897, and
in the aggregate for the whole country the excess reaches
38'6 per cent. Outside of New York the increase is 31’5 p. c
*
no
i7((i
The week’s total for all cities shows a gain of 43 3 per cent:
over 1897. The increase over 1896 is 43'0 per cent and the
increase over 1895 is 30'8 per cent. Outside of New York the
excess compared with 1897 is 24 8 per cent, the gain over1896 is 18*4 per cent, and the excess over 1895 reaches 14'9p. c„
Oliatimi» at
New Y ork..........
P h ila d e lp h ia ...
Pittsburg.......
New York....
Philadelphia.
Pittsburg.............
Baltimore
Buffalo........
Washington.
Rochester
Syracuse..............
Beranton.............
Wilmington.........
Binghamton.........
Total Middle......
Boston..................
Providenoe,
Hartford...
New Haven
Springfield
Worcester........
Portland...........
Fall River.
Loweil
New Bedford
Total N. Bng
Chloago.............
Cincinnati.........
. Detroit......... ...
Cleveland.
Milwaukee
Columbus__
Indianapjblls.
Peoria
Toledo.........
Brand Rapids
Dayton...,
Lexington .
Kalamazoo..
Akron.. I
Bay City...
Rockford.
Springfield
Canton....
Tot.M.West,
San Franctsoo.
Balt Lake City
Portland....
Los Angeles
, Tacoma
Beattie___
Spokane...,
'Fargo
Sioux Fails
Total Paclflo
Kansas City....
Minneapolis... ■
Omaha... .....
St. Paul...........
.Denver...........
Davenport......
8t. Joseph ....
Des Moines
Bioux City ...
Lincoln........
Wlohita........
Topeka..........
Fremont........
Hastings.......
Tot.oth’rW.
St. Louis.........
New Orleans. ■
Louisville........
. Galveston.......
Houston.........
Savannah.......
Richmond......
Memphis.........
Atlanta .........
Nashville.......
Norfolk; ..........
Fort Worth....,
Augusta..........
Birmingham
Knoxville ..___
Little Rock.........
Jacksonville.......
Chattanooga.......
Macon.................
Total South......
Total all...........
Outside N. Y.___
Montreal..............
Toronto..............
Halifax........... .
Winnipeg ...........
Hamilton...,........
St. John..............
Tot. Canada....,,
■ W f s r 'a b le o f elearln ge by telegraph i s r p. 2 7 0 .
Baltim ore..........
B uffalo................
W a sh in g to n ....
R ochester...........
S y ra cu se... ... ...
Scranton.. . . . . . . ,
W ilm ington
B ingham ton.
T otal M iddle
Boston
P rovidence.
H a r t f o r d ....
New H aven.
S pringfield ..
W orcester.
P ortland................
Fall R iver
L o w e ll. . . . _
_
New Bedford,
T otal New Bng..
Chloago...................
Cincinnati
D e t r o it ....
Cleveland
Milwaukee
Columbus
Indianapolis
P e o ria ....
T oledo
Grand R a p id s ....
D a y ton ....
L exin gton
Saginaw t
K a la m a zoo....
A kron
Bay City
R ockford
Springfield, Ohio..
C anton...................
Y oungstown*
T o t. Mid. W est’r .
San F randsoo
Salt Lake City
Portland
Los A ngeles
T acom a
Seattle
Spokane
Fargo
Sioux F alls........
T otal P acifle..
Kansas City
Minneapolis
Omaha.........
St. Paul
D e n v e r...............
D avenport..........
St. Joseph ........
Des M oin es____
Sioux C ity..........
L incoln
W ich ita..
T opeka...
Frem ont
H astings
T o t. o th er West
St. Louis
New Orleans.
L ou isv ille ....
G a lveston ....
H ouston
Savannah
R ichm ond............
Memphis...............
A tla n ta ...,...........
N ashville... .......
N orfolk.................
W aco+........... .
F ort W orth..........
Augusta........... ,
Birmingham........
K n o x v ille .........
L ittle R ock..........
Jackson ville........ .
Chattanooga........
M acon................... .
T o ta l Southern
T o ta l a ll............
Outside N. Y or)
M ontreal..............
T oron to................
H alifax.................
W innipeg.............
H am ilton...........
.J o h n .;.... . . ... .
Total Canada.
* Not included in totals.
iS.A08.3Ad
t Publication discontinued fo r th e present.
THE
256
C H R O N IC L E .
[V ol L X V I.
January 8th, with reference to the Government income
that receipts from Customs had “ shown an increase
The Teller incident passed through a very ephemeral every month since August” and “ will no doubt show
existence, hut lasted long enough to develop some a further material gain in January.” The Gustoms
curious situations and several substantial benefits. It figures were $11,578,000 in December and rose to
is certainly a great gain that in discussions relating to $14,296,000 in January, indicating the “ material gain”
silver coinage we now have a most essential point ad of $2,718,000. We likewise said, in speaking of the
mitted. The party favoring that measure'has dis internal revenue total for December, that “ there is
tinctly declared, through its acknowledged leaders, also a possibility, now that the holiday season has
both in the Senate and in the House, that in a certain passed, of a moderate temporary decline ” in the re
contingency they favor the paying of the nation’s debt ceipts from that source. The internal revenue for
with 44 cents worth of silver bullion; the Government, December was reported on the first of January at
according to Senator Teller’s words, “ has the right to $14,343,000; on the first of February the December
the difference” (between 44 cents and 100 cents) in returns were revised and the total now stands at
case the difference continues to exist— that is, in case $15,217,000. For the month of January the internal
the metal does not rise in value under the operation of revenue figures are only $12,443,000, which is $2,774,free coinage by the United States alone. "We esteem 000 less than the revised total and $1,900,000 less
it a great gain to have the position of the foremost than the original amount reported. As to the dis
silver advocates on this point thus clearly defined. It bursements in January, they have increased about as
was only a logical conclusion before, urged by the anticipated; the interest payments are nearly 6 mil
sound money party but unacknowledged by the larger lion dollars larger than in December and the items
body of the friends of free coinage. Now the leaders classed under the head of ordinary are nearly 5 mil
seemingly glory in repudiation, and as a result the lion dollars larger, so that altogether the total out
goes for the month of January were over 10 million
whole party is tarred with the same stick
Some among the speakers on this Teller resolution dollars in excess of December, making the deficit in
took a little different stand from their chief, though January $7,902,000, against a surplus in December of
they all reached nearly the same goal. These seemed to $2,619,000.
The promising feature of the January exhibit is the
hold the opinion that free coinage would not result in
repudiation because it would lead to a recovery in decided growth in Customs receipts disclosed. This
the value of silver bullion.
They claimed they did condition shows that the accumulations of foreign
not favor scaling the debt, and yet they banked so merchandise, imported in anticipation of the new
recklessly on their opinion of the effect of free coin tariff enactment and to escape the higher duties, have
age as to be ready to stake the nation’ s honor on the been in considerable measure consumed, and that a
outcome of their venture. It appears to us almost as moderate increase hereafter in the Government in
if j2 o one could have an honest belief that free coin come from duties may be expected, though the in
age by the United States alone would restore the mar crease, if there be any, will most likely be small in
ket value of the inferior metal. But Senator Cock February, as there are three less days in the month.
rell argued earnestly and at great length that the act The total revenue from internal taxes will, it is to be
would have that effect. Suppose then it be admitted, presumed, and for the same reason, show no growth,
in deference to the Senator’s view, that the question or very little; but in March that branch of the service
is debatable. How does such admission change the ought to develop again. As, however, February disburse
-character of the act ? Does it not require just as low ments will be much smaller than in January, the ac
a standard of morals and as effectually injure the counts at the close of the current month will present a
Government’ s credit to do what knowingly hazards considerably better aspect. Another encouraging fea
the honor of the nation as it does to scale its debt di ture is that the indications at Washington at the mo
ment are favorable to retrenchment, and a decided fall
rectly ?
Or take the other view: assume the contention ing off in the appropriations at this session of Congress
o f Mr. Teller to be correct that the Government is anticipated. With revenue increasing and disburse
has the option through the use of the word “ coin” in ments smaller the Treasury outlook for the next fiscal
the bond to pay the bond in silver or in gold. Even year would be highly promising and a substantial sur
' in that case, would it be honest to take advantage of plus be assured.
The National City Bank, besides ranking as the
.such an option— to take advantage of a fortuitous
largest bank, in amount of deposits, in the country
event, a depreciation of one of these currencies, and
to tender that currency in payment? Test the good (having latterly reported a total of deposits in excess
faith of that proposal by contrasting it with the Presi of one hundred million dollars), has now taken the
dent’ s. He said: “ Nothing should ever tempt us— lead in another movement. A system has been estab
nothing ever will— to scale down the debt of the na lished for pensioning aged and disabled employes.
tion through a legal technicality. Whatever may be The object of course is to recognize the value of
the language of the contract, the United States will long and faithful services on the part of employes in
discharge, all its obligations in the currency recognized the event of death or permanent disability. The
as the best throughout the civilized world at the time step has been taken in accordance with the
. o f payment.” There cannot be the least doubt which recommendation of the stockholders: at theii
’ -of these views is the honest one, or which the; average last annual meeting. A Provident Reserve Fund
yoter ip this country .will adopt if . the question ever has been created, which is to be available
comes up for settlement at any général election., We for the payment of gratuities or pensions,, and
$10,000 has been transferred from the; undivided
are not a, nation pf s^e^k-|hieyes.
iefs: y
;j
profits , of’ tjie bank as' an initial contribution. The
rj té
THE F IN A N C IA L SITUATION.
'im
forecast of it a month ago.
Wé stated m an article ^ fbS ie case o ilh e death o^an officer or employe
F ebruary 5, 1898.J
THE
C H R O N IC L E .
257
has been with the bank for five years, the trustees may precedent. We say “ almost," because the total did
in their discretion pay the family of such officer or not actually break, all past records, notwithstanding
employe $500, and ten years service is in the same statements to
that
effect
in
some of the
way to be rewarded by a donation of $1,000. In the papers.
The aggregate of sales reached $92,event of permanent disability after ten years continu 870,210, against but $38,812,100 in January last
ous service, a pension is to be granted in such amount year.
There was one very large month in 1897,
as the special circumstances of the case may seem to namely August, but the amount then was only
warrant.
$73,109,400. In 1895 and also in 1892 there was in
The custom of pensioning bank employes is not un each case a month where the sales exceeded 78 million
known in Europe, but in tfyis country the action of dollars, which, however, is nearly fifteen, million dol
the National City Bank marks an innovation. It is a lars behind the present year's amount. But going
departure, too, we are sure, which will find general back to 1885, to the time of the West Shore settle
favor. The prestige of the City Bank would alone ment, we find a succession of large monthly totals,
give the movement considerable impetus. Besides and one of these, as it happens, ran ahead of that for
this, the object in view is a most praiseworthy one. the late month. The month distinguished in that
Mr. A. B. Hepburn, the Vice-President of the bank, way is October 1885, when the par value of the bond
in a letter to us refers to bank clerks as “ a class of sales footed up $104,612,900. This, however, does
employes who receive scarcely sufficient remuneration not alter the fact that the present year's sales are of
to enable them to retire in competence, and when they really striking dimensions.
become incapacitated from age or otherwise are usu
The record of mercantile failures also continues in
ally in embarrassed circumstances." There is also the highest degree encouraging. Col. W. M. Grosforce in his remark that the banks in this country are venor has prepared the figures for “ Dun's Review,"
acquiring age and strength. It seems very desirable and they show failures of only $10,451,513 for 1898,
therefore to reward faithful service in the way pro against $18,359,585 for 1897 and $21,735,743 for 1896.
posed. Experience will determine whether the system In numbers also the contrast is favorable to the pres
now inaugurated needs modification in any way. Mr. ent year, only 1,355 traders having succumbed in 1898,
Hepburn says the managers of the bank have made a against 1,621 in 1897 and 1,685 in 1896. The showing is
beginning and are feeling their way towards a just, particularly gratifying in view of the fact that January
fair and equitable system. The action is certainly is usually one of the large months in failures— that is
commendable.
the totals generally run much in excess of the ordin
We publish to-day our compilations of bank clear ary monthly averages.
The “ Review " note 3 that
ings for the month of January (the detailed statement there was not a single failure among the woolen manu
on page 255 and comparative summaries on page 270), facturers, numbering several thousand, while in
and the results are specially interesting this time as a several other lines of business the record is the best
measure of the rising activity in trade. We are pre m years.
pared, as a rule, to see a falling off in January in
The details of the New York Central-Lake Shore
comparison with the totals for the months preceding, combination have been definitely arranged, and yester
but on this occasion the aggregate o f clearings for Jan day the Central board authorized the new collateral 3£
uary is actually larger than that for December, and per cent bonds which are to be issued to take up Lake
also larger than that for any month of either 1897 Shore stock. The terms of exchange prove to be just
or 1896. The January total is 6,012 million dollars as foreshadowed in the early announcements, and
for December it was 5,970 millions, for November Lake Shore stockholders will get $1,000 in bonds
5,402 millions. As compared with the corresponding for every $500 of stock held by them. This
month last year the increase is 33*6 per cent, as would appear to be a very favorable arrange,
against 26*5 per cent increase in December, 16*9 p er ment for these shareholders. But it must not be
cent increase in November and 22*3 per cent increase supposed that the advantages of the consolidation rest
in October.
Of course we are comparing with entirely with the Lake Shore. New Y ork Central
diminished figures in 1897, but the loss then was should also get important benefits out of it. Aside
small. Indeed, the most noteworthy fact of all is that entirely from the saving in expenses to be effected
when we extend the comparison so| as to cover back by substituting one set of officials for two
years we find that the January total for 1898 is in sets, the earning
power of the Lake Shore is
excess of that for the corresponding month of any such that the arrangement should be profitable
recent year. The table on page 270 gives the figures to the Central.
The interest
on the new
since 1890, and the largest aggregate in that record is bonds to be given for Lake Shore stock will be equal
5,942 millions for 1893, while the 1898 total, as already to 7 per cent on said stock. The road has for years
stated, is 6,012 millions. Of course the exceptional been paying 6 per cent on its stock, besides providing
amount of improvement is in part due to the very for all improvements and additions to the property
heavy ratio of increase at New York, where financial out of earnings. But in addition the company in
transactions have been very prominent, but as a mat 1897 refunded a large part of its 7 per cent bonds in
ter of fact the gain extends to all parts of the coun advance of maturity into new 3^- per cents, and the
try, though the ratio of increase varies in different saving here will
leave so much
more avail
groups; indeed, there are only four clearing-houses in able for the stock. We showed in our List
the United States (out of 81 making returns) which ings article in the issue of January 8 1898
have fallen behind, all the rest showing gains.
(page 63) that on the bonds already exchanged the
It is well to note that there „was great activity on
th® Stock* Exchange during January, a condition!
which favorably affected 4he totals of batik clearings.
This activity1 was particularly noticeable in the bond
market, where the volume of sales was almost beyond
saving amounts to„ 1*17 per cent off the stock. When
ail the bonds have been refunded* the saving will b’e
equivalent to about 2£ per cent on the stock.' In
other words, as a separate property, the Lake Shore
ought to be able to earn 9 per cent on its stock«
258
THE
C H R O N IC L E
[VOL. L X V
offered on the market. The facilities for carrying
There is thus a good margin for profit to the Central,
these investment bills tend to encourage the operation,
even if the new bonds should, as some fear, contain a
as money can be readily obtained upon them at current
:sinking fund provision, a fact, however, which is not
call loan rates. The demand for remittance is not
jret established.
readiiy satisfied, because of the comparatively light
The general business situation is encouraging. In
offerings. Nominal rates for exchange were unchanged
the agricultural sections the outlook is good for
at 4 83 to 4 83£ for sixty days and 4 85£ to 4 86 for
the coming season. The blizzard which visited the
sight until Wednesday, when Brown Bros. & Co. ad
East on Tuesday temporarily paralyzed business in the
vanced their rates to 4 83£ for long and 4 86 for short.
E ew England States, but the interruption was short
On the following day Heidelbach, Ichclheimer &
and has not made a material impression on the Clear
Co. advanced their nominal rates for sight half
ing House returns for the current week even at
a cent, and thereafter the rates uniformly quoted
Boston. One event of the week has been the disclosure
by all drawers were 4 83£ for sixty day and
■of an irregularity in the Chemical National Bank re
4 86 for sight. The market was easy on Monday,
sulting from an error of judgment on the part of the
though without change in rates for actual business,
cashier. The affair is really of little consequence to
compared with Friday of last week. These rates were
the bank; indeed it will lose much less than was at
4 8 2 i@ i 82£ for long, 4 84|@4 84| for short and
first supposed, and perhaps very little if anything.
4 84f @ 4 85 for cable transfers. Gradually the tone
The whole amount involved is only about $393,000.
grew firmer, especially for long sterling, which was
Another incident of the week was the announcement
influenced by the demand for investment, and on
o f preparations for the consolidation of the Trades
Tuesday rates for actual business in this class of bills
men^ with the Clinton Bank, the latter a State institu
were advanced one-quarter of a cent, to 4 82-^-@4 82£,
tion with small capital and a moderate line of deposits.
but no change was made either in the rates for short
Money on call, representing bankers’ balances, has
sterling or for cable transfers. On Wednesday the
loaned this week at l£ and at,2 per cent, with the bulk
tone was still firmer, and then rates for actual bus
of the business at 1|- and at I f per cent; consequently
iness in short sterling were advanced one-quarter of a
the average has been about I f per cent. Banks and
cent, to 4 84£@4 85, while those for cable transfers
trust companies seek to maintain 2 per cent as the
were also moved upward one-quarter of a cent to
minimum, but this rate is chiefly obtainable on loans
4 85@4 85£. On Thursday there was a further ad_
which stand undisturbed, and new business is done at
vance of one-quarter of a cent in rates for actual bus
fractionally lower rates, conforming to those rul
iness in long sterling, to 4 82f@ 4 83, while rates for
ing on the Stock Exchange. The continued with
short sterling and for cable transfers were unchanged.
drawals by the Treasury from the deposits with
On Friday the market was strong, and so closed, with
specially designated depositary banks has made
a good demand for cables in connection with the semi
scarcely any impression upon the supply of money
monthly settlement in London next week; rates were
,offering on the market, This has been due in part to
advanced one-quarter of a cent all around. The fol
'.the fact that $2,773,000 of interest fell due February
lowing shows daily posted rates for exchange by some
1 , and the Treasury inflow has consequently been off
of the leading drawers.
s e t by the outflow; another reason is the continued
O i l l X POSTED SATES FOB FOBBIG-N EXCHANGE.
movement of currency from the interior. The inquiry
■ o n ., T t e s .. w a r ... TBTJB.. FBI.,
M
for time money is , fairly good but the offerings are
Jan 28. Jan. 31-. Feb. 1. Feb. 2. Feb. 3. | Feb. i .
B3«
83«
8 3 -«
83
88
abundant. Rates are 2£ per cent for sixty to ninety Brown Bros........j 60 days. 83 «
;. 86
86
85«-0
86«
85«
86
Sight...
83«
83« ; 83«
83«
88«
83«
days and 3 for four to seven months on good mixed Barine,
5 60 days.
: 8«
86
86
86
86
66
M a g o u n & C o ..} Sight...
S3«
83«
83«
83«
¿Stock Exchange collateral. The commercial paper Bank British I 60 days. 8 3 «
83«
8«
86
86
86
86
86
No. A m erica.. <Sight...
83« ; 83«
83«
83«
market is fairly well supplied with attractive names^ Bank o f
83«
83«
1 60 days.
86
86
86
86
86
86
M ontreal........ Sight...
83«
83«
and brokers report a good and well-distributed busi- Canadian Bank <160 days 8 3 «
83«
83«
88«
86
86
86
86
86
86
o f Comm erce..
mess. Rates are 3 per cent for sixty to ninety day en Heidelbach, Ic k -f\Sight...
83«
83«
»3 «
83«
88«
83«
; 60 days
86
86
65«
85«
85«
Sight...
dorsed bills receivable, 3 f@ 4 per cent for prime and elheim er & Co. I[60 days 85 >4
83«
83«
88«
83«
63«
63
86
86
86
Lazard Fr eres... j Sight...
66
86
85«
4@ 5 per cent for good four to six months’ single
83«
83«
83«
83«
83«
83^
Merchants’ Bk. i 60 days
86
86
86
86
A
H
8«
names. There is no particular feature of interest o f Canada....... • Sight
Rates for actual business yesterday were 4 83@4 83
¡reported by bankers from the interior.
The Bank of England minimum rate of discount for long, 4 85@4 85£ for short and 4 85£@4 85£ for
¡remains unchanged at 3 per cent. The cable reports cable transfers. Prime commercial 4 82@4 82T and
discounts of sixty to ninety day bank bills in London documentary 4 82@4 82-J. Cotton bills for acceptance
per cent. The open market rate at Paris is 2 4 82@4 82T Cotton bills for payment 4 81£@4 82£
rper cent, at Frankfort it is 3 and at Berlin it is 21 per and grain bills for payment 4 82^@4 82f.
The following statement gives the week’s movements
lOent. According to our special cable from London the
©t money to and from the interior by the New Y ork
Bank of England gained £370,451 bullion during the
-week and held £32,934,187 at the close of the week.
N et Interior
Received by Skipped by
Our correspondent further advises us that the gain wa3
Week Bnding February 4. 1898.
Movement.
N, T. Banke. N. Y . Banks.
d u e to the import of £105,000, wholly from the Cape,
$4,718,000 $1,717,000 Gatn.$2,999,000
.to receipts of £295,000 net from the interior of Great
288,000 G ain. 112,000
400,000
Britain and to the export of £30,000, of which £20,000 » Tntal gold and lega l te n d e rs . . . . *5.116.000 *2.005.000 G aln.$3.111,000
was to Malta and £10,000 to the United States.
With the Sub-Treasury operations the result is as
Though the foreign exchange market has been quite follows.
dull this week the tone has been generally firm, mainly jt
.
’»
N et Change in
Out o f
Into
WMk Ending February 4. 1898.
Bank Holdings.
i n consequence of the continued absorption of long
' Banks.
Banks.
~
sterling for investment, and also because of operations Banka’ in terior m ovem ent,as a bove f 5,110,000 $2,005,000 Gain.* 8,111,000
600,00t“
17,000,000 Loss.
<qQUheeted with such investments, maturing long bills I B ub-T reasury op era tion s....... - ......... 16,400,000
Gain.$2,511,000
'
T ota l g old and le g a l ten d ers....... $21.516,000 $19,005,000
ibeing generally exchanged for new instead of being
F ebruary 5, 18S8.]
THE
C H R O N IC L E ..
259
The following table indicates the amount of bullion negative vote last Monday evening by a majority of
in the principal European banks this week and at the 50. Nor was the character of the debate upon this
-corresponding date last year.
session’s resolution any less significant. All readers
of the Congressional proceedings must have noticed
February 3,1898.
February 4,1897.
Bank of
that the sound-money debaters forced the fighting
Gold.
sa ver.
Total.
Sttver.
Gold.
lota l.
from the start. The repeated efforts, even of pro
£
|
£
I
£
£
£
£
'E ngland........ 32,934,1871 ...............| 32,934,187 37,307.998
37.307 998 fessed free-silver Senators, to explain their attitude
'F r a n c e ....... 77,074,060 48,380,128 125,454,183 76,401,706 49,232,214 125.633 920
G erm any....... 30,130,030 15,521,000 45,651,000 29,228.450 15.056.000 44 284,450 to those who, it was declared, misunderstood them,
Aust.-Hurii-’y 36,317,000 12,423,000 48,750,000 30,333.000 12.644.000 42,977,000
S p a in .............. 9,431,00o!l0,570.000 20,001,000 8.528.000 11.380.000 19,908,009 showed a very unusual sensitiveness to public opinion.
N etherlands. 2,628.0001 6,852 000 9,481,000 2.633.000 6,858.000 9.491.000 This has been supplemented, on the part of more
Nat.Belgium.
2,800,000 1,400,000 ! 4,200,000 2,724,667 1,362,333 4.087.000
than one Eastern supporter of the Teller resolution,
Tot,this week 191,324.247 95,116,128 286,470,375 187,156.821 96,632 547 283,688,368
T o t , prev.w ’k 191,272,873 95,043,057 286,315,935 186.767,296 95,227,547 281,994 843 by personal statements which were in effect apologies.
Who could have imagined even four years ago a Sen
ator from Wyoming arguing in open session, four
THE F IR S T VOTE ON THE CURRENCY.
days after the taking of the vote, that his own vote
We expressed ourselves, two weeks ago, as gratified for the Teller resolution was really cast as a protest
that the financial issue had been raised in Congress against silver monometallism? The explanation is
exactly as it was by the Teller Resolution, and we see grotesque enough, but its significance lies in the fact
no ground now for any different feeling. So far as that a Congressman from such a State should have
concerns the immediate question which the resolution felt called upon to make any explanation whatever.
professed to raise, the situation is not at all changed
The true meaning of these somewhat unusual inci
by the votes of last Friday and Monday, nor would it dents is that the advocates of a depreciated currency
have been altered if the majorities had in any wise have grown nervous over the course of public senti
been different from what they actually were. The ment. Congressmen sure of their position with their
policy of our Treasury administration, in regard to constituents are not accustomed either to explain ”
the kind of money proper for use in paying interest or their votes or to apologize for them. It is only when
principal on the bonds, was not in any way affected even a subtle change in popular conviction is in progress,
by the Senate majority of 22 in 1878 for silver payment, when public men are uncertain who of the voters is
supplemented by a House majority of 110. Then, as with them and who against them, that they explain,
now, the resolution was a mere expression of Congres excuse and qualify. This we certainly believe to be
sional opinion without binding force, and that opinion the situation as regards the silver free-coinage agita
was ignored by the Executive then, as it would have tors at the present time, and the course of events in
been now under similar circumstances.
connection with this Teller resolution has confirmed
The importance of the incident lies, however, in the us in the judgment.
very obvious forecast which it gives of the present trend
The people, in sbort, have had a thorough education
of public sentiment in and out of Congress. The in on the money question since the beginning of the 1896
troduction of the similar resolution, twenty years ago, campaign, and popular understanding of the problem
was a first gun in a concerted campaign to force the is undoubtedly more clear to-day than it has been at
currency to the silver standard. It was recognized as any previous time in the recent history of our Govern
a manœuvre to define the strength of the two factions ment. But along with this better comprehension of
before they closed in the more serious struggle over the evils which would attend a depreciated currency,
the Silver-coinage bill, and as such it was entirely there has grown up an equally plain and well grounded
successful.
The vote on the Matthews resolution belief that our existing currency system contains the
showed such overwhelming preponderance of strength elements of perpetual mistrust and danger. Those
to the silver-standard party that from the day of the who have not reasoned out the problem scientifically
vote it was merely a question with their opponents of have at least the recollection of 1893, of 1894 and of
saving what they could.
The House had already 1895, when the Government was repeatedly brought to
passed a flat free-coinage bill by the unusual majority the verge of suspension of gold payments. It has
o f 132, the affirmative vote including nearly three been a favorite popular excuse among defenders of
times as many Congressmen as the negative vote com the present system that the currency troubles of those
prised. The Senate staved off free coinage only by three years resulted chiefly from the hard times and
the substitute which worked such serious mischief from the Treasury deficit. But even if this were
four or five years later, and this substitute measure granted, hard times are certain some time to recur at
was enacted, over the Presidential veto, by similarly longer or shorter intervals, and there is nothing in our
heavy majorities. Had not the progress of this move legislative system to guard the Treasury against some
ment been arrested by a decidedly adverse vote in the accidental future deficit.
elections of the next November, it is difficult to say
From whatever point of view the problem is con
what the actual outcome would have been.
sidered, there is no way out of future risks and hazards
The striking difference in the present situation will save by removing the currency absolutely,from the
occur to everybody.
Since 1878 the Senate’s mem freaks and accidents of legislative and commercial
bership has been enlarged by the admission to State- ■
fortune. The party in power has courageously faced
hood of half a dozen sparsely-settled territories, whose this view of the situation; the President himself, from
vote has in every Congressional contest been confi his inaugural address to his New Y ork speech last
dently reckoned on by the silver-coinage faction. . week, has reiterated as plainly as it can be made by
Y èt even in the Senate, last week’s majority for the language his conviction that if no other policy is to be
resolution was less by seven votes than the majority pursued than warding off a depreciated currency, the
for the similar measure twenty years ago. As against work will hardly have been begun. This is known to
the House of Representatives’ majority, in 1878, of be equally the judgment of experienced politicians.
110 in favor of the resolution, the same body past a That it is similarly the judgment of thinking citizens
260
I
THE
fVot,. IXVI.
C H R O N I C L E .’
8 forcibly illustrated, we think, by the indifference
and contempt with which such demonstrations as
Senator Chandler’ s recent outbreak have been re
ceived.
The conclusion of the whole matter is that the time
8 now ripe to push to an issue the thorough recon
struction of the currency. As Mr. McKinley said on
Friday of last week, “ better an honest effort with fail
ure than the avoiding of so plain and commanding a
duty.” But if the duty is undertaken with good faith
and courage, we see no reason to look for failure. The
House of Representatives has already shown how safely
it may be depended on to sustain the Administration
in a move for currency reform. As for the Senate, it
is perfectly well understood that on a plan for ^ prop
erly-constructed banking currency, the obstructive
majority of a week ago would vanish in thin air. Not
only is such a plan a possible medium for carrying
through both Houses a positive measure of reform, but
we are inclined to think that it is the only means
through which such a victory can be won. In other
words, the boldest course is the safest course, as has
often been true at other turning points of legislation.
we having begun many years ago to present these cal
endar-year exhibits. This time, of course, the figures
possess special interest. The course of earnings on
other large systems in the same territory and the com
pany’s own monthly returns have made it clear that it
was enjoying exceptional prosperity. The data we
have obtained and already referred to leave no room
for doubt regarding the matter. In the following the
results for 1897 are placed in juxtaposition with those
for the three years preceding.
■Twelve months ending Dee. 31.—
1895.
1894.
1897.
1896.
15,031
15,031
Miles road end of year. if>,052
15,031
$
$
$
$
Gross earnings.......... 33,571,172 32,177,153 31,558,629 29,119,362
Expenses.............2 1 ,4 3 5 ,1 5 4 21,226,925 19,753,802 20,110,728
CHIC. &NORTH WEST.
11,804,827
9,008,634
.116,140,102 TT6,403,533 1T6,443,616
221,412
325,990
..
197,260
6,628,470
325,830
..12,136,018
Oharges-
10,950,228
.. 6,337,362
6,624,945
6,769,606
6,954,300
.. 5,798,656
„ 3,519,622
4,325,283
8,517,758
5,035,221
3,125,716
2,054,334
3.711,332
.. 2,279,034
807,525
1,909,505 def.1 ,656,qq&
t Milwaukee Lake Shore & Western included.
ir After allowing for a credit of $24»,907 for inoome from invest
ments in 1895, $257,909 in 1896 and $336,790 in 1897.
The foregoing reveals a striking record of recovery
and growth. Starting with 1894, when the income
showed such a tremendous falling off on account of a
I A YOB A B L E RESULTS FOR CHICAGO & variety of causes, there has been uninterrupted progess towards higher totals since then. In 1894 gross
N ORTH WESTERN
earnings were only $29,119,362; in 1895 there was an
Perhaps the best illustration we have yet had of the
great improvement which has occurred in the income increase to $31,558,629; in 1896 to $32,177,153, and
of some of our larger Western roads as the result of now in 1897 to $33,571,172. In the net earnings the
the favorable conditions prevailing in the agricultural growth has not been so regular, owing to the varying
and industrial world is furnished in the results of proportions of the expenses. A t $12,136,018 for 189,7
operations of the Chicago & North Western Railway the net compares with $10,950,228 for 1896, $11,804*Company for the late calendar year. It will be re 827 for 1895 and $9,008,634 for 1894. It is noteworthy
membered that the company is at present paying 5 that the further addition of $1,394,010 to the gross
per cent dividends on its common stock and 7 per earnings in the late year was accompanied by an ad
cent dividends on its preferred stock. In the period dition of only $208,229 to the expenses.
Aside from the growth in earnings which the above
referred to— that is the twelve months ending De
cember 31 1897— the company earned enough to pay table reveals, the comparison is interesting as show
these dividends and all charges and expenses, and ing what a wonderful transformation sometimes oc
then had a surplus in the sura of over
million dol- curs in the condition of a property within a very few
lars_ i n exact figures, $2,279,034. For the twelve years. In 1894 the company fell $1,656,998 short of
months ending last May the company had shown a earning the dividends paid, which then were 5| per
surplus of $1,171,971, which certainly was not unsat cent on the common and 7 per cent on the preferred.
isfactory. The present surplus is just about double For 1897, as already shown, there is a surplus of
;,279,034 in excess of the amount called for by the
that amount.
dividends, amounting to 5 per cent on the common
The company needed for the dividends paid during
the twelve months $3,519,622. It actually had avail stock and 7 per cent on the preferred stock. It will
able on the operations o f the twelve months $5,798,656. be observed that in 1895, when such a phenomenal
Had the management chosen to do so, they could spring-wheat crop was raised in the Northwest, the
have paid 7 per cent dividends on both classes of stock surpliis was also large, amounting to $1,909,505. But
and yet have left a surplus of nearly 1£ million dol it is important to bear in mind that dividends on the
lars— $1,497,000. Or the company could have paid common stock then were only 4 per cent.
As to the causes which have brought about this
10 per cent on the preferred stock (the full, amount
of preference to which that stock is entitled) and 9 great improvement in results, they are found o
per cent on the /common stock, and even then have course in the excellent crops harvested, the large
been able to carry forward a surplus of some forty to foreign demand for them, and in high price real
ized for wheat, placing the farmers in an unusually
fifty thousand dollars.
These facts are established by a special report we prosperous condition and enabling them to make
have procured for the period in question. The com greatly increased purchases of goods, thus adding to
pany’ s fiscal year ends on May 31, and between the the volume of merchandise and miscellaneous freight
close of one fiscal year and another no information is over the roads. At the same time the revival of trade
obtainable as to the course of the net earnings, though all over the country acted in the same direction.
As to special favoring influences, the company re
regular and very prompt returns of the gross earnings
ceived in 1897 for the first time a dividend on its
are furnished each month. The company is obliged
however, to make a statement for the calendar year holdings of St. Paul & Omaha common stock, but this
and from a source not open to the general public we was not an exceptionally large item of income, two
have secured the late year’s statement. In this we per cent on $9,320,000 of stock held by it being oply
Besides this, the company’s refunding
1 r e repeating a practice which we Rave long pursued $186,400.
F e b r u a r y 5, 1898.]
THE
C H R O N IC L E .
operations promise a saving in fixed charges. Just
how far, if at all, the refunding scheme counted in
the 1897 showing, we cannot say. The new mortgage
was authorized only in September, but the contract of
sale of the $20,000,000 bonds placed in 1897 was made
as early as last July. The item of interest in the taole
above shows a considerable reduction in 1897, but it
will be noticed there was also a reduction in 1895, and
by reference to the foot-note to the table it will be
seen that the interest is stated less the credits from
income from investments (dividends on St. Paul &
Omaha preferred and common stocks, &c.), and that
these credits have been steadily growing in the three
years.
As the company’s fiscal year ends with May, it is de.
sirable to separate the first five months, already^inj
eluded in the last report of the company, from the
last seven months which form part of the current fiscal
year. Such a division of the results reveals [some
striking facts. It shows very plainly that*conditions
in the two periods were widely different, and that the
improvement noted occurred entirely in the later
months of 1897. For the first five months’ gross earn
ings actually fell over a million dollars behind, though
the saving in expenses left the net earnings for this
period a little larger than for the corresponding’period
in 1896. The last seven months, however, the gross
was $22,119,770 for 1897 against only $19,593,755
for 1896, $20,967,858 for 1895 and only $17,569,771
for 1894. The comparison as to the net for these
seven months is also very gratifying, the amount for
1897 being $8,040,211, against $6,923,228 for 1896,
$7,993,520 for 1895 and but $7,766,253 for 1894.
Below is a comparison by months for the last three
years.
26 L
1897 on top of 3£ million tons in 1896, making over
4 f million tons in the two years. Such a large loss
may seem strange in view of the undoubted revival in
trade and industry which occurred in 1897. But in
this, history is merely repeating itself. Past experi
ence shows that the anthracite trade is usually the last
to feel depression in business, and likewise the last to
recover from its effects. It is also to be remembered
that in 1895 the production was extraordinarily heavy
— the largest ever recorded for any year. In the f o l
lowing we show the shipments to market (commonly
denominated the production) for each of the last fou r
teen years.
Tear.
1897................
1896................
1895................
1894................
1893................
1892................
1891................
Tons.
Year.
Tons.
1890................
1889................
1888................
1887................
1886................
1885................
1884................ ............... 30,756,995
It deserves to be noted that the further loss in the
output in 1897 occurred entirely in the first six months.
In these six months the shipments were only 16,110,998 tons, as against 18,898,655 tons in the first half of
1896. It follows from this that in the last six months
the producing companies sent to market 25,526,866
tons in 1897, as compared with 24,278,830 tons in the
last half of 1896. And here the companies made the
same miscalculation they did in 1896: after rigidlv
curtailing the output the first six months, they counted
too confidently upon an active demand the last six
months. As a consequence they were disappointed in
1897 as they had been in 1896. In the latter year the
Presidential election and the silver campaign occurred
to upset all calculations. In 1897 the business revival
did not bring with it the increase in demand looked
MONTHLY GROSS AND NET EARNINGS.
for. Of course it is reasonable to suppose that should
/-------------Gross Earnings.----- > , ,—
----. Net Eamings.this revival continue the demand will be augmented
CHICAGO fe
1896.
1897.
1895.
1897.
1896.
1895.
NORTH WEST.
$
2
1
1
8
$
$
$
the present year, thus making the prospect in this re
First 5 mos. .11,451.402 12,583,398 10,590,771 4,095,807 4,027,000 3,811,307 spect quite bright.
J a n e............ .. 8,920,387 2,935,957 2,489,592 1,011,447
858,915
818,693
In the fact that the production was in excess of the
J u ly ........ . . 2,956,787 2,860,307 2,648,745
950,882
905,008
932,83g
A ugu st....... . 3,132,952 2,765,723 8,075,098 1,069,708,
880.148 1,277,900 requirements we have the explanation of the contin
September.. , 3,571,996 2,848,647 3,257,420 1,458,197 1,120,107 1,319,46*
The companies
October.......
3,316,887 8,780,886 1,466,291 1,463,413 1,686,784 ued depression in the prices of coal.
N ovem ber.. .. 3,213,030 2,482,806 3,094,059 1,220,720
942,538 El.061,937 were very desirous of obtaining better prices, and for the
D ecem ber.. . 2,683,572 2,393,428 2,622,053
855,466
793,321
855,660
first nine months the averages obtained seem to have
T o ta l 7 mos .22,110,770 19,593,755 20,967,858 8,040,211 6,923,228 7,993,520
been higher than for the corresponding period in 1896.
Total year.38,671,i'<2 32,177,153 31,558,629 12,136,018 10,950,228 11,804,827
In the last three months, however, which are the
With this the result for the seven months that have
period of heaviest production, the averages ruled
elapsed and with all the favoring conditions which
lower. The letter of the Anthracite Coal Operators’
controlled in those seven months still in operation, it
Association for January 1898 says it is doubtful, all
is evident that the exhibit for the fiscal year to May 31
things considered, whether the average price for the
next will be fully as good as the showing for the late
year 1897 was equal to that received in 1896.
calendar year.
It must be admitted, however, that on the whole
prices remained remarkably uniform. As far as the
circular quotations are concerned, there was but one
L A S T YEA R ’ S A N T H R A C IT E COAL
change during the twelve months. Taking stove coal as
PRODUCTION]
a basis this circular price was $4 25 the first six months
It is possible now to give exact figures as to and $4 50 the last six months. But every one knows
the anthracite coal production in the late calen- that the circular quotations afford absolutely no indi
dary year.
The year was an unfavorable one in cation of what the producers are actually receiving for
the trade,: just as the year preceding had been, coal. According to the letter above referred to, the
and in a double sense, too, the same as in’ that average selling prices at tidewater were $3*367 in
year. In other words, the output further diminished, January, $3-908 in February, $3-918 in March, $3*934
and prices continued unsatisfactory despite the effort, in April, $3-948 in May, $3-967 in June, $3-989 in
to establish a higher range of. values through the cur- July, $4*007 in August, $4*034 in September, $4, 00 in
; tailment o f the product. ¡r' ?}, : u/f
| October, $3*914 in November and $3 ^BO, in: Decem
.v
;- ?Thé figures we have procured .show'. : shipments to ber. It will be observed that, with the -exception of
: market o f only 41.637,864 teins in ; 1897, *;againsfe .43i-- January priccs.rnled between KMfoamh $4 OBjthraughX0#7j$85; (tonsrin Agile.and M ,514^7-7 tpife in 1895. w A t
giBikrréey ne^toeaikfay- caaiÉrpitîénBelia^illiQj^liiQ^aféiï ■mentarifesibutiof ,theffadt#that^the( adyaiiCe^spogted
THE
O H E O N IC L E .
the latter part of the year was not realized, but in
stead a decrease occurred.
It will no doubt be urged that some of the larger
authracite coal-carrying companies show better net
earnings for 1897 than for 1896, and that is true cer
tainly as regards both the Delaware & Hudson and the
Delaware Lackawanna & Western companies. But the
improvement arises not out of larger shipments or
better prices for coal. It follows solely from the face
that the companies, through economies in operating,
were able to bring out a reduction in expenses; and
moreover the results would not have been as good as
they are except that reviving trade stimulated the
movement of merchandise and general freight the lat
ter part of the year.
It is interesting to see the ratios and the amounts
o f the contributions of the different companies, and
accordingly we give the following figures in compari
son with those for the two years preceding.
,------- 1 8 9 7 .------ s .-------- 1896.------- . /------- 1895.-------- Tons. P. Ot.
Tons. P. Ot.
Tons.
P. Ot.
Phil. & Beading... 8,395,411 20-16 9,019,535 20*89 9,905,059 21*30
LehighVaUey....... 6,425,22715*43 6,749,128 15*63 7,360,45415*82
D e l A H iidson.. > 5 646,853 13*56 5,835,62113*52 6,151,14813*23
Lackawanna.. > ’
’
*
Penns j l v ’ a Coal.. 1,777,841 4*27 1,728,972 4*00 1,828,382 3*93
Del. Lack. & West. 5,690,68413*67 5,627,533 13*03 6,129,26113*18
Cent, o f N. J ........ 4,730,86011*36 4,999,003 11*58 5,335,785 11*47
Other re g io n s ..... 8,970,988 21*55 9,217,693 21*35 9,801,388 21*07
Total...............41,637,864 100*0 43,177,485 100*0 46,511,477 100*0
The Reading’s proportion seems again to be on the
decline. It will be remembered that under the agree
ment of January 1896 that company was awarded 20^per cent of the output. Its proportion in 1897 was
only 20:16 per cent, against 20*89 per cent in 1896 and
21*30 per cent in 1895. The Lehigh Valley and the
Central New Jersey also appear to have lost in their
percentages.
On the other hand, the Lackawanna
and the Pennsylvania Coal show increasing ratios, and
the Delaware & Hudson has also slightly added to its
percentage.
[V ol . LX\ I.
and 3,442 million bushels in 1895, but as against 2,335million bushels in 1894 and 2,654 million bushels in
1893, the last two short-crop years. In other words,
taking the three crops together, the yield in 1897 did
not equal the phenomenal production of 1896 and 1895,
but ran considerably ahead of the harvests for the two
years preceding, when the out-turn was deficient. The
loss as compared with 1896 and 1895 is mainly in the
corn crop, where adverse weather conditions reduced
the product. Y et at 1,903 million bushels the crop i&
still a large one. It is also noteworthy that we have
had three large corn crops in succession, a rare occur
rence, the corn yield for the last three years combined
having been no less than 6,337 million bushels. The*
oats crop, too, has been very large for three successive
years, having been 698 million bushels in 1897, 707
million bushels in 1896 and 824 million bushels in
1895.
But while both the oats crop and the corn crop thusfurnished a very satisfactory yield, it is to the abun
dance of the wheat crop, as we all know, that the
farming classes chiefly owe their present era of pros
perity. According to its final and revised figures, the
Agricultural Department makes the wheat crop 530million bushels. This is larger than the probabilities
pointed to by the Department’ s condition figures last
summer, but even now falls much below the estimates
of private parties, which in some cases run close to 600million bushels. The crop, at all events, ranks as one
of the best the country has ever raised, as will appear
from the following record of the yearly product of
wheat, corn, oats and cotton back to 1879, showing
that the 1897 total on wheat has been but once ex
ceeded, namely in 1891.
With regard to cotton,
while the Department has as yet made no estimate of
the 1897 crop, there can be no doubt that this crop,
too, will be of exceptional dimensions, as up to Feb
ruary 1 over 8£ million bales had already come intosight.
CROPS OP WHEAT, CORN, OATS AND COTTON SINCE 1878.
THE
CROPS
OF
1897.
The final report of the Agricultural Bureau at
Washington on the country’s crops for the late year
has been delayed much longer than usual, owing to the
desire ,to subject the figures to verification and revision
before putting them out ih their last form. The re
port was not made public until Monday January 31.
On account, however, of the care spent in preparing it,
the results should possess greater reliability than in
the past. We are able to give not only the totals
for the whole country but the details for the sep
arate States.
The data now furnished serve to emphasize the
favorable character of the year 1897 from an agricul
tural standpoint, making it plain that Nature was very
bountiful to the farmer and the planter. The follow
ing summary statement will furnish a survey of the
situation so far as the three leading grain crops are
concerned.
Year.
Wheat.
Oom.
Oats.
Ootton.
1879 (Census)
1880
.....
1881...............
1882...............
1883...............
1884...............
1885...............
1 8 8 6 ............
1 8 8 7 ............
1888...............
1889
.....
1890
.....
189Î...............
1892
... .
1893 .............
Ì894.............
1895..........
1896...............
1897..............
Bush.
459,483,137
498,549,868
383,280,090
504,185,470
421,086,160
512,765,000
357,112,000
457,218,000
456.329.000
415.868.000
490.560.000
399.262.000
611.780.000
515.949.000
396,131,725
460,267,416
467,102,947
427,684,347
530.149,168
Bush.
1,754,591,676
1,717,434,543
1,194,916,000
1,617,025,100
1,551,066,895
1,795,528,000
1,936,176,000
1,665,441,000
1,456,161,000
1,987,790,000
2.112.892.000
1.489.970.000
2.060.154.000
1,628,464,000
1,619,496,131
1.212,770,052
2,151,138,580
2,283,875,165
1,902,967,933
Bush.
407,858,999
417,885,380
416,481,000
488,250,610
571.302,400
583,628,000
629,409,000
624,134,000
659,618,000
701,735,000
751.515.000
523.621.000
738,394,000
661,035,000
638,854,850
662,086,928
824,443,537
707.346,404
698,767,809
5,757,397
6,589,329
5,435,845
6,992,234
5,714,052
5,669,021
6,550,215'
6,513,623
7,017,707
6,935,082
7,313,7208,655,616
9,038,708
6,717,147
7,527,21 %
9,892,761
7,162,476
8,714,011
B ales.
Of course the reader need not be told that mere abund ance of yield would not have sufficed to give the farm
ing interest the prosperity which it is enjoying—that
in addition there was the fortunate coincidence of an
urgent foreign demand. In other words, while this
country had plenty, the rest of the world suffered from
a deficiency in its wheat crop and the grain yield
CROPS OP WHEAT, CORN AND OATS.
generally. This had the effect of improving all cereal
prices, but particularly it had the effect of raising
Total
1894.
1893.
1895.
1896.
1897.
the price of wheat; and here the improvement has
Production.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
been progressive. The following shows the average
1,902,987,933 2,283,875,165 2,151,138,58 >1,212,770,058 1,619,496,131
C o m ...........
630,149,168 427,684,317 467,102,947 460,267,416 390,181,725 farm prices on December 1 for the last six years.
698,707,809 707,346,404 824,443,537 682,080,928 638,854,850 It will be observed that in 1894 the average for
O a t s . ........... .
. T o t a l........... 8031,884.910 3,418,905,916 3,442.685,064 2,335,124,396 2,654,488,706 wheat was but 49-1 cents per bushel, that in 1895
It thus appears that the aggregate production of there was an increase to 50-9 cents, in 1896 an in
corn, wheat and oats combined was 3,131 million crease to 72-6 cents and now in 1897 an increase to
bushels in 1897, against 3,418 million bushels in 1896 80‘8 cents.
THE
F e b r u a b y 5, 1818.J
O A T S C R O P F O R F IV E T E A R S .
AVERAGE PRICES RECEIVED BV FARMERS AND PLANTERS.
1897.
1896.
1895.
1894.
1893.
1892.
Cents.
Wheat, per bushel . 80*8
Rye, per bushel....... 44*7
Oats, per bushel.... 21*2
Barley, per bushel.. 37*7
Oorn, per bushel.... 26*3
Cotton, per pound
Cents.
72*6
40*9
18*7
32*3
21*5
6*6
Cents.
50*9
44*0
19*6
33*7
26*4
7*59
Cents.
49*1
50*1
32*4
44*2
45*7
4*6
Cents.
53*8
51*3
29*4
40*6
36*5
6*99
Cents.
62*4
54*8
31*7
47*2
39*4
8*4
When we come to examine the figures showing the
wheat yield for the different States, we find that the
bounty of Nature was by no means evenly distributed.
Illinois, for instance, has one of the poorest wheat
crops the State has ever had. North Dakota is also
put down as having a very small crop. On the other
hand Kansas ha3 raised a crop of unusual dimensions;
several of the other States also have large yields,
though not excelling their best previous records,
while the States on the North Pacific coast, namely
Oregon and Washington, have perhaps never had such
an abundant wheat crop. It is also noticeable that
there is a great increase in the “ all other” States,
and this reveals one of the characteristics of the year,
we mean the fact that many of the minor-producing
States were, through favorable weather conditions,
able to add very largely to their output. It is in this
way to a considerable extent that the aggregate wheat
yield was raised to such magnificent proportions.
The details for the different States appear in the fol
lowing.
W H E A T C R O P F O R F IV E T E A R S .
Pro
duction,
1897.
Wheat
O h io ...............................
W ashlngt on ........ ; ........
Iow a................................
Pro
duction,
1896.
Pro
duction,
1895.
P ro
duction,
1894.
Bushel».
88,019,133
32,876,201
69,891,104
47,998,152
82,394,020
11,578,003
28,353,652
21,441,248
14,104,458
23,700,144
28,259,611
18.155,031
7,690,776
27.452.647
20.124.648
13,158,114
Bushels.
21,800,016
20/47,440
46,599,061
30,794,452
45,097,195
28,663,146
29,848,501
27,593,450
16,594.478
15,719,898
17,737,286
10,247,141
8,898,950
19,390,602
8,358,192
11,473,162
Bushels.
82,215.579
20,294,492
65,584.155
22,019,566
40,097,798
19,060,712
61,057,710
29,261/ 88
18,499,968
15,237,803
20,456,429
11,862,720
8.616,218
14,787,024
7,195,952
13,664,778
Bushels.
Bushels.
48,444,471 38,916,608
43,644,064 35,579,404
37,752,453 80,694,685
35,315,259 23,251,973
80,376,705 34,852,517
33,812,370 15,507,313
33,635,900 26,438,208
15,934,255 20,521,389
23,353,920 15,287,552
20,232.058 19,920,714
18,848,700 18,351,508
10,441,071 10,790,885
9,366,176 8,664,485
8,754,900 ■10,087,889
9,108,420 9,883,725
10,737,400 6,749,224
Pro
duction,
1893.
425,020,841 359,457,9^5 400,801,992 339,258,124 326,098,079
105,128,327 68,226,392 66,300,955 71,009,294 70,033,646
Total United S ta tes.... 530.149,168 427,684.347 467,102.947 460.267.4 »6 396,131.725
With regard to corn, while the 1897 yield for the
different States generally falls below the exeeptional
amounts for 1896, the Southwestern States, particularly
Texas, which in 1896 had a poor harvest, in 1897
again had a good one.
CORN CROP FOR FIVE YEARS.
Oorn.
Iow a ......... "...
Illinois..............
Kansas.............
Missouri..........
Nebraska.........
Indiana............
O h io..........
Texas...............
Tennessee......
Kentucky........
Pennsylvania..
W iscon sin......
M ichigan.........
M innesota......
P roduction.
1897.
Production.
1896.
P roduction.
1895.
P roduction.
1894.
Bushels.
220,089,149
232,928,085
162,442,728
171,923,882
241,268,490
109,825,320
92,165,580
72,175,142
63,672,588
64,481,744
44,866,116
35,580.560
33,645,183
31,201,096
25,840,840
Bushels.
821,719,541
284,572,764
247,734,004
176,768,64«
293,599,634
133,468,265
123,691,957
32,228,617
71,893,44«
80,932,348
52,475,000
29,72J,854
38,890,071
40,041,930
34,446,974
Bushels.
298,502,650
255,136,554
204.759,746
238,072.248
125.685.069
121,435.766
92,783,18«
107,905,565
*3,133,025
93.989,331
43,512.081
50,859,558
33,093,497
33,600,242
35,956,690
Bushels.
81,344,010
109,121.491
41,797,728
116,011.654
13,855.524
98/88,377
71,973,737
69,338,676
68,060,3 ’ 6
«7,812,297
40,749,376
38,437.824
16,292,26«
21,767,417
18,938,212
T otal............. 1.602.110.543 1,967,187,058 1,817,875,810
A ll oth ers....... 300,857,390 316,688,107 83*,202,770
T otal J7. 8 ... ,, 1
Production.
1893.
Bushels.
251,832,150
160,550,470
139,456,702
158,197,715
157,278,895
85,368,782
04,487,206
61,170,905
03.049,081
68,008,060
31,198,741
32,110,814
28,956,243
21,790,538
25,103,572
P ro
duction,
1897.
P ro
duction,
1896.
P ro
duction,
1895.
P ro
duction,
1894.
Pro
duction,
1893.
In d ia n a ..... ..................
North Dakota................
South Dakota................
T exa s......... '...................
Bushels.
92,798,496
103,721,100
41,147,002
62,125,310
38,680,080
29,907/92
22,073,166
31,842,538
45,953,038
22.940,450
51,731,095
33,700,582
11,397,144
13,647,656
16,311,150
Bushels
84,581,952
105,641,855
56,760,838
65,257,066
23.808,759
32,553,689
19,850,190
36,086,821
49,916,064
80,079,200
34,092,831
34,433,237
11,238,788
17,957,445
12,668,860
Bushels.
73,707,180
182,967.338
77/95,084
63,020,269
80,075,992
81,404,493
30,547,099
86,536,311
45,066,354
23,265,192
39,911,696
25,895,595
19,067,914
18,154,774
14,569,178
Bushels.
109,050,30^
90.558.072
50.800.073
57,870/14
25,705,975
29,143,237
25,440,944
26,226,74*
30,320,758
24,429,574
19,747,400
85,809,040
14,114,697
5,992,97*
20,013,118
Bushels.
83,842,178
95,448,231
41,562,196
40,680,266
29,195,202
27,235,780
29,034,229
30,601,098
30,208,728
23,177,128
23,988,585
32,092,170
10,752,090
16,400,013
14,770,923
All others.......................
017,987,197 014,933.852 712,786,019 571,281,517 535,048,817'
80,780,012 92,412,552 111,058,518 90,805,411 103/06,033
Oats.
I o w a ................................
W isconsin......................
Ohio ................................
P ennsylvania...............
New Y ork.......................
T otal U. 8 ...................... 698,767.809 707.346.404 824,443,537 062.086.9-3» 038,854,850
COTTON CONSUMPTION AN D OVERLAND
M OVEM ENT TO F E B R U A R Y 1.
The movement of cotton continues on a very liberal
scale, the aggregate amount marketed during the
month just closed having been 1,342,945 bales, or a
much greater total than ever before reached in Janu
ary. In fact, the amount brought into sight during
the corresponding period of last year was but little
more than half as large, and the January 1895 result
was some 361,000 bales less. During the elapsed por
tion of the current season— five months—there has
come into sight 8,571,721 bales, which compares
with 6,978,277 bales in 1896-97, 5,539,567 bales in
1895- 96 and 7,930,777 bales in 1894-95, the excess
over the last-mentioned total—the record up to this
year— being 640,944 bales.
Deliveries to spinners
have been of greater volume than in January of either
1897 or 1896, and their aggregate takings for the sea
son to date exceeds those for the five months of
1896- 97 by 411,506 bales.
OVERLAND MOVEMENT TO FEB RU ARY 1.
While the gross rail shipments of cotton have not
been as heavy as in the preceding month, they have
nevertheless been of large volume, reaching 266,041 bales, against only 127,613 bales in January 1897
and 119,780 bales in 1896. The excess over last
year in the season's total* is 301,539 bales, and
contrasted with 1895-96 the gain is 394,017 bales.
It will be- noticed that more than one-half of the
current season's rail movement has been via St. Louis,
and that compared with last year the shipments from
that city show an increase of nearly two hundred and
thirty thousand bales. More cotton has also moved
via Cairo, Parker and Rock Island than in 1896-97,
but the routes via Cincinnati and Louisville exhibit a
falling off. The net overland for the month greatly
exceeds that for January of earlier years, having been
175,479 bales, against 69,516 bales last year and 61,628
bales two years ago. For the five months the net
records a gain of 230,238 bales over 1896-97 and
260,117 bales over 1895-96. The details of the whole
movement overland for three years are appended:
OVERLAND FROM SEPT. 1 TO JAN. 31.
1897-98.
2.2»8.«75.1«5 2.151,138.58“ 1.212.7*0.05
1896-97. 1895-96.
motín/sh ip p e d —
via Cairo
.......... ........... . .....................
932.453.955 1,349,160,574
280,316,097 270,335,557
1/19 496.1*1
In the case of oats, the comparisons are somewhat
variable, though here likewise many of the South west
ern States reflect improved results.
2 (id
C H R O N IC L E .
Shipped t o mills, not included a b o v e .. .
rotal vmn* overland_____ _____
615,005
254,830
19,270
36,964
80,518
80,764
93,417
7,487
385.298
206.663
10.818
12,214
102,291
93,691
69,240
6,501
382.166
178,925
13,107
1,188 255
886.716
794,238
97,577
57,843
58,438
6,182
264r
TBE
1897-98. 1896-97.
Deduct shipments —
Overland to New Tork, Boston, & o...
Between Interior tow ns.......................
Galveston, Inland and local mills........
New Orleans,inland and local m ills...
Mobile, Inland and local mills...............
Savannah, Inland and local mills..........
Charleston, Inland and local mills.......
N. Carol’a ports, inland and local mills.
Virginia ports, inland and local mills..
296,143
19,683
1,997
7,847
3,806
183
2,034
813
6,365
CH ROW IG LE ,
1895-95.
260
3,961
172,636
2,405
3,255
11,634
3,133
943
5,268
730
4,967
241,038
3,134
2,712
11,432
4,031
1,002
Total to be deducted_________ ____
338,871
267,570
204,971
Leaving total net overland*— . . . .
849,384
619.146
589.267
* This total includes shipments to Canada by rail, which since
September 1 In 1897-98 amounted to 84,546 bales, In 1896-97 were
45,562 bales and in 1895-96 were 48,124 bales.
RECEIPTS, EXPORTS A X D S P IN N E R S ' TAK IN G S.
In common with the overland movement of cotton,
the net receipts at the outports have made a new
record for January. The total for the month has
"been 1,114,873 bales, and contrasts with 635,878 bales
and 548,118 bales respectively in the two preceding
years. The season’s aggregate is of course largely in
excess of either year. Foreign exports have also
reached imposing figures for the season of the year,
falling but little below one million bales (932,521),
whereas in January 1897 they were only 166,908 bales
and in 1896 587,934 bales. For the five months the
total shipments exhibit an increase of 510,129 baleg
over last year, and when compared with 1895-96 the
excess is seen to be nearly two million bales. Port
stocks are somewhat heavier than at the close o*
December and 254,451 bales greater than on January
31 1897- Our usual table of receipts, exports and
stocks is as follows :
Movement from Receipts Receipts EXPORTS SINCE SEPT. 1, 1897 TOsince
Sept. 1, 1897, to since
Sept. 1 Sept. 1, Great
Jan. 81, 1898.
lotal.
France. Conti1897.
1896. Britain*
nent.
G alveston.......... 1,600,577 1,159,765
T exas City,Ac.
65,188
79,382
New Orleans. .. 1,977,646 1,699,697
M obile................ 2 ■
‘8,658 237,746
81,820
F lo r id a ..............
64,272
Savannah........... 904,021 697,116
Brunswick, Ac. 181,677 130.832
401,881 343,621
Charleston........
51,01?
P ort Royal, Ac
58,426
W ilm in g ton ....
288,567 222,384
1,060
782
Washlngt’n,A(
N orfolk ...........
471,072 610,484
Newp’tNews.Ac
13,110
18,580
61,836
41,22:New Y o r k .......
B oston.............
13r,’ 85 126,586
47,726
44,649
B altim ore......
Philadelphia, Ac
51,198
28,581
San Fran’sco.Ac
T otal 1807-98.. 6,688,337
697,602
242,817
617,015
83,409
53,09^
67,932
111,856
76, UO
37,088
108,586
292,725
32,647
290,456 1,130,875
16,191
16,191
419,361 1,329,101
Stocks
215,423
500,446
68,588
2* 048
445,140
44,947
180,494
8,000
151,911
545,019
150,803
256,03'
45,03'
260,497
117,397
5,786
40,166
22,644
644
124,782
V3,63b
67,560
1,250
69.083
77,390
0.21
317,342
104,941
127,764
10,452
70,63
66 997
1.225
166 660
45,00
29,346
9,764
[V a u . f . x v
Total receipts to January 31,1898, as above..........bales. 8,030,721
Stock on band commencement of year (Sept. 1,1897)—
At Northern p o r ts ....___ . . . . . . . . . . . .
42,351
34,664— 77,015
At Southern porta................... .
At Northern Interior m arkets............................
2,989— 80,004
Total supply to January 31,18 9 8 ...................................... 8,110,725.
Of this supply there has been exporter
to foreign ports sinoe Sept. 1,1897 4,704,879
Less foreign cotton included ....ba les.
32,733-4,672,146
Sent to Canada direct from West................. .......
84,546
Burnt North and South... . . . . . . . . . . . . . . . . . . . . . . . .
1,090
Stock on hand end of month (Jan. 31,1898)—
At Northern p o r t s . . . . . . . . . . . . . . . . . . . . 250,760
A t Southern p orts............................... 1,093,175-1,343,935
At Northern interior m arkets... . . . . . ___ . . . . . .
8,875- 6,110,59ST
Total takings by spinners sinoe September 1 ,1 8 9 7 ............... 2,000,138
Taken by Southern spinners............. .............. ........................
493,000
Taken by Northern spinners since September 1, 1897......... 1,507,138
Taken by Northern spinners same time in 18 9 6-9 7 ............... 1,095,627
Increase in takings by Northern spinners this year..bales.
411,506
The above indicates that Northern spinners had up
to Jan. 31 taken 1,507,133 bales, an increase over the
corresponding period of 1896-97 of 411,506 hales and a
gain over the same time of 1895-96 of 361,619 bales..
AMOUNT OF CROP NOW IN SIGHT.
In the foregoing we have the number of bales which)
has already been marketed this year and the two
previous seasons. An additional fact of interest is the
total of the crop which was in sight on February 1
compared with previous years. We reach that point
by adding to the above the stock remaining at that
date at the interior towns less stock held by them at
the beginning of the season.
In this manner we
find the result for three years on Feb. 1 to be as.
follows :
1897-98
1896-97.
1895-96
8,030.721
541,000
6,633,277
345,000
5,066,3C
9^
473,178-
Total In sight.................... hales. ! 8,571,721
6,978.277
5,539.567“
Total marketed, as above. . . .bales.
Interior stocks m excess of Sept.. 1.
This indicates that the movement up to February 1
of the present year is 1,593,444 bales more than in
1896-97 and 3,032,154 bales greater than in 1895-96,
As it will interest the reader to see what has com©.'
into sight each month of the season during this and1
’
previous years, we have prepared the following, which.
shows the movement for the last four seasons.
17,148
Months.
54,746
5,497
160,317
161,316
68,026
9,202
1,54b
20(
32,24b
2,188
2.203,32v
602,720 r,898,830 4,704,871 1,343.935
Total 1896-97..
5,559,131 2,319,973
489,985 1.384,792 4,194,75< 1,089,484
Total 1895 96.
4,035,122 1,275,921
362,712 1122.100 2.750.733
1897-98.
1896-97
1895-96
September........ .
October___ . . . . .
November.......... .
December..........
Jan u a ry.............
1,069,800
1,871,654
2,337,112
1,950,210
1,342,945
1,222,287
1,891,562
1,634,210
1,549,705
630,513
542,394
1,722,122
1,321,097
1,336.030
617,924
663,7032,116,6302,197,167
1,971,983
981,v 89
Total 5 months
Balance season..
8,571,721
6,978,277
1,735,734
5,53 =>,567
1,622,906
7,930.777
1.961,9b 9-
8,714,011
7,162,473
9,892,766/
Total crop — .
98P.500
1894.
W EIGH T OF BALES.
* Great Britain exports tuolude to the Channel.
To furnish a mòre exact measure of the receipts up
Using the facts disclosed by the foregoing state to Jan. 31 we give below our usual table of the weight
ments, we shall find that the portion of the crop which of hales. We give for comparison the figures for the
has reached a market through the outports and over same time in the two previous years.
land, and the Southern consumption, since Sep
Saint
Same
tember 1 this year and the two previous years, is as
Five Months Ending Jan. 31,1898. peri’d in peri’d in
1896-97 1895-93.
follow s:
1897-98
1896-97
1895-96
Texas..............
uouisiana.........
Alabama.........
Total r e c e ip ts ............................ hales. 7,537,721 6,178.277 4,624.3eP
Southern consumption since September 1 493,000 455,0» 0 442 000 Georgia*..........
South Carolina.
Total to Feb. 1..........................bales 8,030,' 21 6,633,277 5.066.389 Virginia____...
North Carolina
The amount of cotton marketed since September 1 Tennessee, Ac..
Receipts at the ports to Feb. 1___bales. 6,688,357 5,559,131 4.035,122
Net shipments overland during same time 849,384 619, i 46 589,2» 7
Number of
Bales.
Weight in
Pounds.
1,671,765
1,977.546
2«8,658
1,227,518
457,898
484,182
289,627
1,638,527
886,587,132
1,008,449,583
147,792,896
608 198,343
2 ’ 3,233.424
237,684,944
143,953,308
819,263,500
Average Average Average
Weight. Weight Weight.
530 33
509-95
512 00
495*47
492 90
490*90
497*03
500*00
528-30
526 62
509-50
511-98
504-00 , 499-00
485-23
483*44
484-97
478*68
478-50
484-60
489-22
489 31
498 50
500*03
in 1897-98 is thus seen to be 1,397,444 bales greater
Totftl.
8,030,721 4,075,163,130 507*45 502-28
502 65
than in 1896-97 and 2,964,332 more' than for 1895-96.
* ( n o ln r t lu * KltiruiH.
To determine the portion which has gone into the
It will be noticed that the movement up to Jan. 31.
hands of Northern spinners during the same period shows an increase in the average weight as compared
we have prepared the following :
with the same period of last year, the average thisfe-
F e b r u a r y 5, 1898.]
THK
C H R O N IO L K
265
;year being 507’45 lbs. per bale, against 502*28 lbs. per impassable because of the height of the mountains,
bale for the same time in 1896-97 and 502*65 lbs. in want of roads, and so on. A very large British force
was collected, and the territories of the belligerent
1895-96.
tribes were entered. But owing to the difficulty of
THE D RY GOODS TRADE DU RIN G J A N U A R Y .
conveying food and ammpnitionrthe operations have
The market for all descriptions of staple cotton
been protracted beyond all expectation, so that
;goods ruled slow during the early part of the month
although most of the troops were withdrawn for the
o n both home and export account, and with some
winter another expedition will have to be sent out in
pressure to sell prices were weak and irregular. This
the spring.
was the condition up to the middle of the month,
While the British authorities were earnestly endeav
when a good demand for heavy-weight brown sheet
oring to deal with the famine in India, apprehension
ings and drills developed on export account and home
arose that a conflict with the Transvaal could hardly
buyers operated more freely. The situation was im .
be avoided. The Transvaal Government denied the
.proved further by strikes in the East at mills pro
suzerainty of this country asserted by Mr. Chamberducing heavy drills, and at the close prices on such
lain. It began rapidly to fortify Pretoria, and it gave
■goods are more regular, but not quotably higher.
hints of an intention to overawe and chastise Johan
Bleached cottons have not changed materially but are
nesburg. The British garrison in South Africa was
firmer in tone ; low grades in sympathy with print
consequently reinforced, and a squadron was as
cloths and fine grades owing to the strike at New
sembled in Delagoa Bay. The Transvaal Govern
Bedford. Prints’ have sold fairly well and a steady
ment then withdrew from the position it had taken
business has been reported in ginghams. Print cloths
up, and better relations between the two governments
have gained l-16c. during the month and the demand
were established. Shortly afterwards an industrial
at the close was of encouraging proportions.
commission was appointed to inquire into the griev
1897.
1898.
ances of the Uitlanders. The commission took very
Oott’n Print- Sheet Lan S’th’n Oott’n Print Sheet Lan S’th’* exhaustive evidence and reported in favor of faring ings, caster 3-yd
low
ing ings, caster 3-yd.
• : low
P
mid cloths, stand ging sheet mid cloths, stand ging sheet reaching concessions, but unfortunately the Raad
dling. 64*64 ard. hams. ings. dling. 64*64 ard. hams. ings.
refused to carry out the recommendations of the com
i..
. H ..J _____
mission, and so the relations between the Uitlanders
24
...8 ...
&4
32„j
5
2^6
418
44
44
3 .. 5 4
and the Boers remain strained, though happily the
413
b\
4si
4i8
24
4.. 5 4
5
21«
5
54
418
5., 5 4
4 I2
4»«
218
5
5
6 ll16 2 4
54
relations between the British and the Transvaal gov
4
413
6%
24
44
■6.. 5*2
2is
5
5
54
413
413
4
6»16 2 4
218
5
5
54
■.7.. 5 4
ernments are better than they were.
413
4
61316 2 4
413
8.. 5*2
218
5
5
54
5
5
7
...S. .
54
9
24
No sooner was political trouble in South Africa
413
4
HO..
2i8
6 8 2 4 ...8 ... 5
7
4
413
413
XI.. 5*2
21s
5
54
allayed than fears of a great European war sprang up.
413
4
413
478
3.2.. 5 4
218
6“»ie 2 4 5 4 5
4
4 I3
4 ‘3
4 8 An insurrection had existed for some time in the
7
18.. 5 4
218
6i& 2 4 5 4 5
te
413
4
6 B6 2 4 5 4 5
11
14., bhe 218
44
413
4
.15..
218
24
4 I3
413
44
5
Island of Crete when suddenly the Greek Govern
«1.ib 2 4 5 4 5
65
7
8
...a ...
478
1«
54
4
413
...8 ...
ment sent an expedition to that Island under Col.
C17..
218
44
4
218
413
44
6l8 2 4 5 4 S 4 4 Vassos. The Great Powers called upon the Greek
A8..
413
68 24 54 5
7 ie
4
4$a
218
44
lit4
4 e Government to withdraw that expedition, and used
7
.2 a . 5716 218
44
413
61^16 2 4
5
54
4
21.. &
4*2
413
4 8
6 ib 2 4 5 4 5
l&
718 2 4
413
4
22.. 57,« 2 4
413
44
5
61ie 2 4 5 4 5
B
.23..
-.8.. .
47 their influence at Constantinople to induce the Sultan
8
6& 2 4 5 4
1K
24.. 57,6 218
43 4 I3 4
*
...8 ...
not to regard the expedition as an act of war. The
25.. 5 l® 2 6 4 I3
4
6uie 2 4 5 4 5
7>
e
»1
4 I3
7
44
•
6 24 54 5
.26.. 5 4 2 1« 4 I3 413 [4
47 Greek Government, however, refused to withdraw,
8
27.. 5 4
*
48
7
6&« 2 4 5 4 5
11
21 4 I3 4 3 4
*6
28.. 5*«
478
2»ie 4 I3 4*3 4
5
0lb 6 2 4 5 4 5
1
29.. 513
4 8 and then the island was blockaded by the Great
7
4*
3 4
6&6 2 4 5 4 5
11
2*1« 4ls
30..
6 5 24 54
1 ie
44
Powers. The Greek Government, hoping to force
31.. 5 3 28] 6 4 4 413 4
*
the hands of the Powers, and reckoning upon the
£#"* Che above prioes are—For cotton, low middling uplands at New
'Torn; tor printing cloths, manufacturers’ net prioes; for sheetings and undoubted sympathy of England, Prance and Italy,
ginghams, agents’ prioes, which are subject to au average discount of 5
jper cent, except when otherwise stated; Southern sheetings net.
declared war against Turkey. Some of the Powers,
notably Germany, were eager for operations against
Greece. England, however, refused to join in any
BUSINESS I N EN G LAN D I N 1897.
such action. Russia and Austria-Hungary, it is be
[Communicated by Our London Correspondent.]
L o nd o n , January 15, 1898.
lieved, intimated to Servia and Bulgaria that they
Political apprehension, though less keen than in would not be allowed to join Greece, and Greece, left
4 h e preceding twelve months, continued to prevail alone, was hopelessly powerless. No doubt is now
throughout the year just ended. As a result of the entertained that the King and his Ministers hoped
■
failure of the 1896 crops in India, famine set in upon that the Powers would intervene to prevent war, and
an unprecedentedly wide scale in that country, and it that the invasion of Turkey was little more than
was followed by plague at Bombay and other parts of a game of brag. The intervention, however, came too
the west coast, while later there was a severe earth late. It prevented Turkey from seizing Greek terri
quake along the eastern coast and on the northeast tory, but it allowed the Greek army to be disastrously
frontier. The murder of some political officers in the routed.
In August the President of the French Republic
neighborhood of Bombay and the rioting that con
tinued for some days in the suburbs of Calcutta visited Russia, and was received with extraordinary
■caused fears for a time that political troubles might enthusiasm by the Court and the people. At one of
•ensue. But it soon, became clear that the Bombay the fetes the long-known alliance between Russia and
murders were the, outcome of ignorant religious France was officially acknowledged.
Later in the year a struggle of the nationalities in
’fanaticism, and that the rioting in Calcutta was a
Austria broke out, causing deep-seated uneasiness all
purely local affair.
In the latter part of the summer a very formidable over Europe. About one-third of the population of
rising of the hill tribes on the northwestern frontier Bohemia is German and about two-thirds Czech. The
broke out. The country is little known and is almost Czechs had long been agitating for home rule and
.266
THE
C H R O N IC L E .
for the acknowledgement of their language as ,the
official language of Bohemia. The Austrian Govern
ment conceded the latter demand to a certain extent,
which made the Germans so indignant that they copied
in, the Austrian Reichsrath the tactics so successfully
applied by the late Mr. Parnell in the Parliament at
"Westminster some years ago.
Nearly all of the
Germans in the other provinces of Austria sided with
the Bohemian Germans, and in not a few cases speak
ers declared that they would prefer union with Ger
many than to remain in the dual monarchy if their
race and their language were not to be predominant..
Business in the Reichsrath was brought to a complete
standstill and finally the Badeni Government had to
res'gn. It happened that the Compromise, as it is
polled, or Treaty of Union between Austria and .Hun
gary, was under discussion at the time and ought to
have been renewed before the 31st of December.
In 1867, when Hungary agreed to give up some of
her extreme claims and to accept a common ministry
for foreign affairs, a common post-office, a common
custoins system and a common army, it was settled
that the compromise was to run for.ten years and was to
be revisable and renewable thereafterwards for similar
periods. The renewal ought to have taken place last
year. But the Germans in the Reichsrath, preferring
their own race ascendency to the interests of the
Empire, refused to allow the .measure to pass, so that
at the present moment there is no legal tie between
Austria and Hungary on the Austrian side, except
that the Emperor of Austria is King of Hungary.
The Hungarian Parliament, with truer statesmanship,
has renewed the old compromise for a year. What
will happen if the Austrian Reichsrath cannot be
brought to reason during 1898 nobody ventures to
predict. It/n eed hardly be added what a danger to
the peace of Europe exists in even the remotest peril
of a break-up of the Austrian monarchy.
While people were watching with the gravest mis
givings this ominous conflict, it was suddenly an
nounced in November that the German Government,
in consequence of the murder of two German mis
sionaries had sent a couple of ships to Kiao Chou, had
entered the port without opposition, and landed a few
hundred blue-jackets, and had taken possession of the
town. Then Prince Henry, the Emperor's brother,
was sent with two warships to reinforce the German
fleet and at Keil speeches were made by the German
Emperor and by his brother which excited not a little
derision and much more apprehension throughout
Europe. Was Germany, people asked, agreed with
Russia in this adventure, and was the world about to
witness a scramble for China much like the scramble
for Africa in recent years? The Chinese Government
appears to have recognized that it had neither army
nor navy, and that it was hopeless, therefore, to resist Ger
many. Consequently, it ceded, under the form of a lease,
the town and port of Kiao-Chou with a certain territory
around. The Russian fleet shortly after the arrival of the
German ships in Kiao-Chou sailed to Port Arthur, and it
was announced that the Russian fleet was to winter there
with the consent of the Chinese Government. Two British
ships, at the same time, entered Port Arthur and have been
lying there ever since, while the British squadron is massed
at Chemulpo.
Apparently Russia and Germany are to have their way so
far as Port Arthur and Kiao-Chou are concerned, but our
own Government is insisting upon its own rights and those
of other Powers in trade matters, and Japan has been arm
ing with breathless haste. The former Japanese Cabinet
Was overturned, and the Marquis Ito, who was Prime
[ V o l . LX V I.
Minister during the war with China, chosen to form a npw
Government. It is understood that new orders are being
put out in Europe for fresh ships and other munitions o f
war. Still nobody believes that Japan alone wilhenter upon
a struggle with Russia, Germany and France.
To complete this hasty sketch it need only be added that
the Uruguayan President was murdered by a political
opponent, and that his successor has so far governed with
much prudence. Furthermore, an attempt was made upon
the life of the President of Brazil. In Spain, too, the Prime
Minister was murdered. After a vain attempt the Con
servative Cabinet was unable to hold together after hisdeath and Senor Sagasta formed a new Cabinet, which haa
since been grappling with the Cuban question. All through
the year there has been more or less apprehension that the
struggle in Cuba would result in the intervention of the
United States, and that that might lead to a war with Spain.
It is to be hoped that the wiser policy adopted by Senor
Sagasta will pacify the island. The struggle in the Philip
pines has ended by the submission of the insurgents. But
while prospects are more favorable abroad for Spain, her
finances at home are in a deplorable state, and it is difficult
to see how she can continue to pay the interest upon her
debt.
The chief political event in the United Kingdom was the
celebration of the Queen? sixtieth anniversary of her acces
s
sion. To celebrate the event the Prime Ministers of all the
self-governing Colonies visited London. They were received
with the most ardent enthusiasm. Mr. Chamberlain, the
Secretary for the Colonies, took advantage of their presence
to hold several conferences, and though nothing practical
was done towards making nearer the Federation of the
British Empire, some remarkable events occurred touching
upon the evolution of that Empire. For one thing, the Im
perial Government recognized that a self-governing Colony
is not bound by a treaty entered into by the Queen’s Gov
ernment unless that Colony is either represented in the
negotiations or voluntarily accepts the treaty afterwards.
Canada argued that she was not bound by right by the
treaties of commerce with Germany and Belgium, al
though as a matter of fact they have been recognized by
Canada for thirty years. And the Imperial Government
admitted the justice of the Canadian contention and gave
notice to terminate the treaties in question. Furthermore,
the Cape Colony made an important step towards the
acknowledgment by the self-governing colonies that they
are bound to contribute to the defense of the Empire. Sir
Gordon Spriggs, the Prime Minister, while in London, made
a present to the First Lord of the Admiralty of a first-class
battleship in the name of the Colony he represented, adding
that the gift appeared to him the most suitable way of con
tributing to Imperial defense.
The home trade has, if possible, been more prosperous
than in previous years. Ever since the Baring collapse in
1890 the most remarkable feature of our economic condi
tion has been the wonderful way in which the home trade
improved in spite of fluctuations in the foreign trade, in
spite, too, of tariff impositions abroad, and fears and rumors
of war, and the like. And during the past year the im
provement has been maintained. Taking the twelve princi
pal railways of the United Kingdom as samples of the
whole, and as giving the best measure of the movement of
commodities throughout the Kingdom, we find that the
gross earnings amounted last year to £69,765,000, as against
£67,388,000 for 1896, an increase of as much as £2,377,000.
Furthermore, the total revenue collected by the Imperial
Government for the nine months ended with December
reached £77,366,000, against £74,988,000 in the correspond
ing period of 1896, an augmentation of £2,378,000.
No new
taxation was imposed, thus reflecting the greater prosperity
of the country.
This prosperity is the more remarkable as trade has un
doubtedly suffered since July from the great dispute in the
engineering trade. The men employed in the London dis
trict asked for an eight hours day without reduction of
wages, or, to speak more properly, they asked for a week.of
48 hours. The employers refused, and they were joined by
the Federation of Employers all over the Kingdom. The
dispute was originally confined to London alone, but the
employers proceeded to shut out batches of their; men all
F e b r u a r y ; 5. 1898. J
THE
C H R O N IC L E .
26*7
over, the country. In this, way the dispute has spread so produce and manufactures was £234,350,000, against £240,that it is estimated that over 80,000 men in the engineering 145,000
in the year before, a decrease of about £5,795,000.
and allied trades are now locked out. As a matter of On the other hand, there is a considerable increase in the
course, so great an interruption in so gr°at an industry has re-exports of Colonial produce. Their value last year was
had a very bad effect upon other industries, and must £59,834,000, against no more than £56,233,000 in the year be
therefore have enormously decreased the general body of fore. In the imports there was a very marked increase ;
trade. In spite of that, however, the railway traffic returns the total value in 1897 was £451,239,000, against £141,809,000
and the revenue returns prove that the country, taken the year before, an augmentation of £9,430,000. Taking
altogether, was more prosperous last year than in any year our whole trade together, imports, exports and re-exports,
o f our history.
the value was £745,523,000, the greatest ever recorded in
A serious dispute in the cotton trade at one time was our history. In the previous year—a very prosperous one-*threatened, the employers having given notice of a reduc the amount was only £733,187,000. Furthermore, the excess
tion of wages of five per cent. The employes refused to in value of our imports over our exports was greater last
agree, and refused moreover to submit the matter to arbi year than in any year of our history, amounting to the
tration.
Finally, however, the employers withdrew their enormous sum of £157,055,000. Part of this sum represents
notice as the trade began to improve.
A very serious of course freights earned by our shipping in carrying goods
strike of the railway men was also threatened. Luckily and passengers for other countries. Another large part of
this likewise was averted. The truth appears to be that it represents profits, dividends and interest upon invest“
trade is so good, employment so abundant and wages so ments made abroad, and possibly some part of it represents
well maintained that the more reasonable part of the work capital which had previously been employed abroad, but
people are quite satisfied with their condition, and refuse to was brought home last year. For example, the Indian Gov
be dragged into unmeaning quarrels, while in some few in
ernment by closing the mints is endeavoring to raise the
stances the very prosperity of the men led them to believe value of the rii^ee to Is. 4d. of British money. A t that price it
that they could not be resisted. It was notorious that the will exchange rupees for gold. But the great majority of
engineering trade had never been so fully employed when business people refuse to believe that the Indian Government
the London men asked for a 48-hours week. They thought will succeed.
Therefore, whenever the rupee rises very
that the employers could not afford to delay their works or near to Is. 4d., people, who were employing capital in Tndift
to allow the orders which otherwise would have come to I in a more or less liquid state.have sent it home, thinking that
them to be sent abroad. Just before Christmas the Board they are not likely to get a higher exchange, and conse
of Trade intervened in the hope of bringing about a settle quently a more favorable opportunity for withdrawing their
ment, and after very protracted negotiations a provisional capital. That this has been going on to some extent in the
agreement was arrived at. But when it was submitted to case of India is unquestionable, and that capital has also
the men they rejected it by an overwhelming majority, and been withdrawn from other countries where, for political qr
so the unfortunate struggle was continued.
other reasons, there is more or less of distrust, is in the
The iron industry has been in a flourishing state. The highest degree probable. It may be well to add that the
ooal trade has been active too. The shipping trade has year was short by one day. The day on which the sixtieth
been exceedingly prosperous, freights having been good and anniversary of the Queen’s accession to the throne was
employment full. The woolen trade, notwithstanding the celebrated was made a banking holiday, and consequently
Dingley Tariff, has maintained its position; and even the it was a holiday as far as the customs houses were re
cotton trade, in spite of the Dingley Tariff and the famine garded.
in India, has been fairly good—at least if we may judge
The growth in our imports is very largely due to our pur
from the dividends deelared by the limited liability spin chases of produce from the United States, the value of the
ning companies. For example, it appears that over ninety- goods so bought amounting to the enormous sum of £114,one spinning companies, running over seven million spindles, 600,000. The falling off in the exports, as already stated,
made a net profit during the year of £158,000, against no is ascribable mainly to the Indian famine, the Dingley
more than £100,000 in the preceding twelve months. The capi tariff, the fall in silver (disorganizing for the time being the
tal of these ninety-one companies is £6,100,000, so that the per Chinese and other silver markets), and the failure of the
centage of profit is about
per cent, whereas in the pre crops in Australia and Argentina. The engineering dispute
ceding year it was only about two-thirds as much. The also exercised an injurious effect upon our trade, though it
comparative prosperity of the cotton trade and the great is noteworthy that our exports of machinery only declined
activity in the other trades referred to are due undoubtedly about three-quarters of a million sterling in value. The
to the well being of the population at home. The Indian Greeco-Turkish war disturbed business somewhat and so did
famine, for example, rendered the Indian people unable to the financial difficulties of both Italy and Spain, and like
buy cotton goods upon the old scale. Furthermore, the wise the insurrection in Uruguay. Practically, however,
plague in Bombay practically stopped both imports into the chief falling off in our exports is to Iniia, China, South
and exports from that port for some months. Consequently America and the United States. It is noteworthy that in
there is a marked falling off in the exports to India. There December there was a revival in the exports both to the
is likewise a very marked falling off in the cotton exports to United States and to India. As yet, however, there is no
China, which is accounted for by the extraordinary fall in sign of much increase in either South American or Austra
silver. India, owing to the closing. of the mints, is not lian purchases. But as the harvest prospects are now excel
much affected by the ups and downs in the price of silver, lent in both Argentina and Uruguay, it is probable that
but China, where the Mexican dollar is the usual coin of there will be a revival there in the new year.
trade, immediately feels every fall in value. There was a
Ship-building in the past year was greatly hindered by the
falling off likewise in the demand for South America. In engineering strike. In the first half of the year the activity
spite of all, however, as just said, the industry was fairly was abnormal, aud it looked as if the out turn would be the
good.
largest on record. The engineering dispute, however, ipIt may be added that the returns of the Clearing House terfered with the industry very greatly, so that there is in
show for the whole year 1897 a small decrease on the Stock the end a considerable falling off compared with the previ
Exchange and consol, settling days and on the days immedi ous year. According to the annual review of Mr. John
ately following each Stock Exchange settlement. In other White the total construction amounted to 1,122,824 tons;
words, the number of clearances and the amounts cleared gross register, comprising 712 steamers of 1,057,025 tons and
at the times in which speculative business is mainly included 222 sailing vessels (including barges) of 65,799 tons. This,
show a falling off for the year 1897. But on all ordinary is about a quarter of a million less than the previous year,
days where «peculation is absent there is a marked increase and includes 54,327 $tons of war vessels built in private
in the number of clearances and in the amounts cleared. yards, and 246 vessels, such as trawlers, paddle steamers
Trade, that is to say, bona fide trade, whether wholesale, .and barges. The net construction of merchandise vessels
retail or manufacturing, steadily and persistently increased is reported 1,021,135 tons, of which 386 are steamers, repre
all through the year, while speculative business was more senting .955,336 tons. Of this total three steamers alone
or less held in cheok.
represent 33,688 tons. A s the orders booked are very large,
The foreign trade shows a decline in the outward move and as it is, known that other orders are ready to be placed
ment. The total value of the exports of British and Irish whenever the engineering dispute comes to an end, it .is
THE
C H R O N IC L E ,
[You. LAN 1.
•probable that the construction in the coming year will be at all events, transform the enterprises into limited liability
companies.
•large beyond precedent.
The price of silver fell last year to the lowest point ever
The money market has varied a good deal during the
A t the
"twelve months, though there has been no serious alarm and recorded— 23%d. per ounce early in September.
•no serious perturbation. The year opened with the Bank of beginning of the year the quotation was fairly steady at
England discount rate at 4 per cent. In January it was 29%d. per ounce, India and Russia buying freely. In March
reduced to 3% per cent, in February to 3 per cent, in April the price fell on the announcement by the Japanese Gov
to 2% per cent and in May to 2 per cent. It remained at ernment of its intention to introduce the single gold stand
the latter figure till the end of September, when it was ard. And later in the year the fear that Japan would sell
raised to 2% per cent, and in the middle of October to 3 silver for the purpose of obtaining gold led to very heavy
•per cent.
A t the same time the directors of the Bank of selling of the metal both in the United States and Europe.
England took measures to increase their control of the open Many of the sales were purely speculative. Under the
market. A t the beginning of the year it was generally pressure of these sales the quotation went down to 23%d.
expected that gold would accumulate in London in very per ounce. Then India began to buy freely, bear speculators
large amounts, partly owing to the great increase in the hastened to cover their sales, and the quotation rose to 27%d.
There was
gold production, and partly to the hope that political con per ounce before the end of September.
fidence would return. The outbreak of the Greek war, another fall to 25d., a recovery to 27%d., and the price
however, induced Russia and Austria-Hungary to resume closed for the year at 26%d. per ounce. The Wolcott nego
the accumulation of gold which has been going on so long. tiations in Europe had hardly more than momentary influ
The metal went later to the United States, to South ence upon the market for silver. Although it was known
America and to Egypt, and there were fears likewise of that some kind of provisional understanding had been
withdrawals for India.
In consequence of all this the arrived at between the French Government and the United
directors of the Bank of England besides phtting up their States Commissioners, and that both had opened communi
rate to 3 per cent in October borrowed in the open market cations with the British Government, the price of silver
about four millions sterling ; thereby they reduced the funds steadily fell. Europe and the United States were both
in the open market so much that gradually rates were sellers, and probably the fall would have been heavier were
forced up considerably, and the Bank retained control to it not for the purchases of India and Russia, the Russian
the very end of the year. For the whole twelve months the purchases being entirely for monetary purposes, while the
average Bank rate was 2% per cent, against 2% per cent in Indian purchases were partly speculative and partly for
native consumption.
1896 and 2 per cent in 1895.
The stock markets did not move much during the year.
The average rate of discount in the open market for three
months bills was £1 16s. 10d., against £ 1 10s. 0%d. the year Speaking broadly and generally there was very little specu
before. The Bank held at the beginning of the year about lation either on the bull or on the bear side, while the
40 millions sterling of gold; later the amount was reduced investing public for the most part kept alo'ff from markets
to about 30 millions sterling and the reserve fell below 20 except for securities of the very highest class. In spite of
millions sterling. Less gold, however, went to New York all political apprehensions consols fluctuated little, the
than was very generally expected ; none was sent to India highest point touched being 114 and the lowest 110%. Indian
except the usual shipments to meet the customary native Government securities likewise varied little in spite of
demand, and very little went to South America.
The famine, plague, earthquake and frontier war. In the 3%
market was almost entirely influenced by political events per cents sterling stock the highest point touched was 119
and by apprehension that gold would be taken in very large and the lowest 116%. Colonial Government stocks moved
amounts by the United States, India, Japan and Russia. within a narrow compass, though there was an appreciation .
Trade, as already shown, was very good, but the manufac in both Canadian and Western Australian. In the securities
ture of bills was not exceptionally large and there was of the great Continental Powers the price fluctuations were
exceedingly little speculation in commodities. There was small, considering the Græco-Turkish war, and since the
likewise very little speculation on the Stock Exchange, and close of that struggle there has been a general appreciation.
the new issues by foreign countries were very small. India Italian Government securities on the withdrawal from the
borrowed about 7 millions sterling. A few Canadian loans African adventure improved about 9 per cent in the course
were brought out, but, except that for Western Australia, of the year.
In Spanish bonds, on the other hand, there have been
the Colonies generally made few issues.
Almost the whole demand for new enterprises was of wide fluctuations, the lowest quotation being 58 and the
home growth. It consisted generally of industrial concerns highest 64%. In Greek bonds there was a fall from about
which either required additional capital or were engaged in 30 to 19. In Brazilians the highest quotation for the 1889
amalgamations. In very many cases these new industrial loan was 71 and the lowest 61. Argentine Government
companies were over-capitalized, and very many of them on securities were depressed early in the year because of the
that account were not subscribed to by the public. In failure of the 1896 crops. But the resumption of the full
numerous instances the underwriters had to take up nearly interest on the debt a year before the time fixed by the
the whole of the shares they had underwritten. Nominally, Rothschild-Romero agreement caused a very sharp rise, and
the amount of capital asked from the public was very large, the promising character of the harvest has led to a further
amounting to 157 millions sterling, against 153 millions depreciation. Indeed, all Argentine securities have risen
sterling in 1896, only 104 millions sterling in 1895, no more very considerably.
In the American department business was very quiet and
than 92 millions sterling in 1894 and as little as 49 millions
sterling in 1893. It will be seen that the amount for last prices low until the passing of the Dingley Act. The sharp
year was more than three times that for 1893. But for the rise that followed in New York was taken advantage of by
greater part the companies were not new in the proper holders in Europe to sell upon a very large scale. There
•sense of the word. They consisted either of private busi was a certain amount of professional speculation, but the
nesses that were converted into limited liability companies great public held aloof, and, practically speaking, did very
or of a number of old companies that were amalgamated. little either in buying or selling. There was a little spec
The capital received was therefore only transferred from ulation in British railway stocks, but it was half hearted.
There was a good deal of investment, however, as European
one set of persons in the United Kingdom to another set.
Consequently, except for a short time, these new issues investors, owing to the general condition of the world, have
did not affect the course of the money market. A t the been unwilling to make ventures upon a large scale abroad
same time it ought to be pointed out that the British in of late. But the chief business done undoubtedly has been
vestments abroad were much larger than would appear in industrial securities. Just as most of the new companies
from the amount of capital publicly invited either by have belonged to that category, so the most active business
foreign or colonial governments or by foreign and colonial of the year has been in the snares of manufacturing, com
companies. In Western Australia, in other Australian mercial and industrial companies.
In the mining department there has been a very consider
colonies,in India, in South Africa, and in Canada, to take only
a few examples, a very large amount of money was in able business in Western Australian shares. But the South
vested in gold mines, in industrial enterprises and the like, African market has been neglected. The market has been
by syndicates and others who did not, in the course of 1817 fairly well supported by the great mining magnates, but
(1 H K O N IC L E
Rate Number
per of days.
Year.
cen t.
1889.
Jan. 1 to Jan. 10.
Jan. 10 to Jan. 24.
Jan. 24 to Jan. 31.
Jan. 31 to Api. 18.
Apr. 18 to Aug. 8.
Aug. 8 to Aug. 29.
Aug. 29 to 8ep. 2«.
Sept. 26 to Dec. 30.
Dec. 30 to Dec. 31.
Y ear’s average. ...
1890.
Jan. 1 to Feb. 20.
Feb. 20 to Mar. 6
Mar. 6 to Mar. 13.
Mar. 13 to Apr. 10
Apr. 10 to Apr. 17.
Apr. 17 to June 26
June 26 to July 31
July 31 to Aug. 21
Aug. 21 to 8ept. 25.
Sept. 25 to Nov. 7.
Nov. 7 to Deo 4.
Dec. 4 to Dec. 31.
Year’s average___
1891.
Jan. I t o Jan. 8.
Jan. 8 to Jan. 22.
Jan. 22 to Jan. 29
Jan. 29 to Apr. 16.
Apr. 16 to Mav 7.
May 7 to May 14.
May 14 to June 4.
June 4 to June 18.
June 18 to July •/.
July 2 to Sept. 24.
Sept. 24 to Oct. 29
Oct. 29 to Dec. 10
Dec. 10 to Dec. 31
Year’s average___
1892.
Jan. 1 to Jan. 21.
Jan. 21 to Apr. 7.
Apr. 7 to Apr. 98.
5
4
3%
3
2*3
3
4
5
6
9 days
14 days
7 days
77 days
112 days
21 days
28 days
95 days
2 days
3-56 365 days
6
5
1892 (Con.)—
Apr. 28 to Oct. 20.
Oct. 20 to Dec. 31.
175 dars
72 days
Year’s average.... 2 52
1893.
Jan. I t o Jan. 26.
Jan. 26 to May 4
May 4 to May 11.
May 11 to May 18.
May 18 to June 8
June 8 to June 15.
June 15 to Aug. 3
Aug. 3 to Aug. 10.
Aug. 10 to Aug. 24
4Ug. 24 to Sept. 14.
Sept. 14 to Sept. 21
Sept. 21 to Oct. 5.
Oct. 5 to Deo. 31.
366 days
50 days
14day8
7
4 28 days
days
7 days
3*2
3
70 days
35 days
21 days
Year’s average.. . .
35 days
1894.
43 days
Jan. I t o Feb. 1.
27 days
28 daj s Feb. 1 to Feb. 22
Feb. 22 to Deo. 31
4-52 365 days
Year’s average...
1895.
5
7 days
4
14 days Jan. I t o Deo. 31.
3*2
7 days
1896.
3
77 nays Jan. 1 to Sept 10,
3*2 21 days Sept. 10 to Sept. 24.
4
7 days Sept. 2 1 to Oct. 22.
21 days Oct. 22 to Dec. 31.
4
14 <ays
3
14 days
Year’s average....
2*2 84 days
1897.
3
35 days Jan. 1 1 > Jan. 21.
<
4
42 days Jan. 21 to Feb. 4
3%
22 days Feb. 4 to Apr. 8.
8 to May
3 32 365 days Apr. 13 to Sept. 13.
Vlay
23
Sept. 23 to Oct. 14.
3*2 21 days Oct. 14 to Dec. 31.
3
77 days
2*9 21 daysl Year’s average...
4*2
1897.—[00.Q00S o m
P'3
fcO
£
£
Jan. 6. 26,6 34,5
“ 13. 26,0 35,6
" 20. 25,7 36,4
“ 27. 25,6 37,1
Feb. 3.. 25,9 37,3
“ 10.. 25,6 37,7
“ 17.. 25,5 38,5
“ 24.. 25,5 39,0
Mar. 3 .. 26,1 39,0
V 10
25,8 39,4
« 17.. 25,9 3o,7
“ 24.. 26,2 40,1
“ 31.. 27,2 39,3
Apr. 7 .. 27,6 38,4
“ 14.. 27,8 36,4
“ 21.. 27,3 36,3
« 28
27,2 36,5
May 5 .. 27,6 36,2
“ 12.. 27,4 36,2
“ 19.. 27,2 36,7
“ 26.. 27,2 36,5
June 2.. 27,6 36,0
“
9.. 27,3 35,8
“ 16.. 27,3 36,3
“ 23.. 27,5 36,6
“ 30.. 28,5 36,9
July 7 .. 28,2 36,7
“ 14.. 28,0 36.7
“ 21.. 27,9 36.8
“ 28.. 28,0 36,6
Aug. 4
28,5 36,0
“ 11.. 28,0 35,6
“ 18.. 27,9 36,0
“ 25.. 27,6 36,2
Sept. 1 .. 28,0 35,7
“ 8.. 27,6 85,8
“ 15.. 27,4 35,3
“ 22.. 27,1 34,6
“ 29.. 28,1 34,3
Oat. 6 .. 28,4 33,2
« 13.. 27,9 32,0
“ 20.. 27,5 31,8
“ 27.. 27,3 31,9
Nov. 3 .. 27,6 31,5
“ 10.. 27,4 31,5
" 17.. 27,2 31,9
“ 24.. 26,9 32,4
Dec. 1.. 27,3 32,4
** 8 .. 27,1 32,2
“ 15:. 27,0 31,7
“ 22.. 27,5 1 30,8
“ 29.. 27,3 30,4
<
0
A
+*
O
£
8,0
7,0
8,4
9,6
10,6
13,2
15,1
16,2
16,2
17,0
16,8
17.1
16.1
11,1
10,9
11,6
1L2
9,7
10,2
11,5
11,8
11,0
10,9
11,2
11,9
11,6
8,0
7,1
7,9
7,7
7,3
7,0
7,7
8,3
7,8
7,5
7,6
8,9
8.7
8.8
7,2
7.3
6,6
6,7
6,8
7,2
7,8
7,9
7,6
8,0
9,3
9,4
£
46,8
45,0
44,0
43,2
43,0
40,7
40,2
40,3
39,8
38,1
38,5
38,1
38,5
41,3
38,8
38,8
38,9
39,5
39,4
39.5
38,8
38,7
38,9
38,9
38,8
45,1
42,9
43,8
42,8
42,1
41,2
40,5
38,8
38,1
39,1
39,5
40,1
39,5
38,7
40,6
40,5
36.3
38,3
37,1
36,5
37,1
36,9
36,5
35,9
38,7
37,1
40,2
£
15,7
14,9
14,2
14,2
14,8
14,7
15,1
15,1
14,4
14,5
14,4
14,4
14,4
13,8
13,8
13,8
13,8
13,8
13,8
13,9
13,9
13,9
13,9
13,9
13,9
13,9
13,8
13,8
13,8
13,8
13,8
13,8
13,2
13,2
13,4
13,4
13,4
13,4
13,4
15,7
15,2
14,1
12,7
12,7
12,5
12,9
12,4
12,7
12,7
12,9
13,0
13,0
Other.
1897.
it t e d .)
BankRate.
in
Reserve of
Notes,
and Coin.
ENGLAND
o f
w o D P S S S curities
t E OIT . e
• f*
rl
*
j Gov’t.
Rate Number
per of days.
Year.
BANK
Public.
B A N K O F E N G L A N D R A T E O F IN T E R E ST.
The appended table, made up from the official statements
of the Bank of England, shows the position of the Bank as.
regards bullion, reserve, etc., each week of the year.
i
the general public has held aloof. It is noteworthy that
whenever there has been a sharp fall in South African gold
shares, German capitalists have bought actively, and when
ever there has been a considerable rise they have sold
French investors and French capitalists have done little
and the British: public has quite abstained. The business
in the mining market, as far as the South African depart
ment is concerned, has been either foreign or speculative.
In short, all departments of the Stock Exchange have
been during the year under the shade of political uncer
tainty. The more confident and enterprising, who made up
their minds that there would be no war, backed their
opinion by underwriting numerous companies only to find
that the great public would not subscribe, and that there
fore their surplus funds were in large measure locked up.
The general public did not exactly fear war, but it saw that
the Cretan troubles, the Graeco-Turkish war, the Cuban in
surrection, the condition of China, and the attitude of
Russia, Germany and Japan were all full of dangers which
might easily lead to complications if much tact and pru
dence were not exercised. Therefore they decided to wait
upon events and not to commit themselves until they could
see their way more clearly. The year, therefore, for a time
of great prosperity, has witnessed smaller subscriptions to
new issues and smaller investments at home and abroad
than its predecessors for a long time past, and especially it
has been characterized by an extraordinary absence of
speculation, whether on the bull or bear side.
In the subjoined statement we show all the changes in the
Bank of England rate in each year from 13#9 to 1897,inclusive:
269
Bullion
both d
partmei
THE
F ebruary 5, 1898.]| £
;ffll
£
£
Pr.ct . Pr.ct.32,5
24,7
«4 3*8
28,9
26,3
. 3
28,9
27,4
6312 2%
28,5
28,3
. 2%
28,9
28,2
c3
1%
28,4
28,8
17*
28,6
29,8
29,4
30,3
:R I "
30,3
29,7
28,7
30,3
28,9
80,6
28,7
30,6
29,9
28.9
1%
28,9
27,6
d2h
28,*
25,3
28,7
25,8
Jo1
«
28,0
26,0
27,7
25,4
1*1«
28,0
25,6
e2
28,6
26,3
28,3
26,1
28,4
>
25,2
28,4
25,2
1 16
28,2
1
25,8
28.7
25,0
1
35,3
25,2
79
0,0
13.«
25,2
29,7
13??
25,5
29,2
13*?
25,7
28,7
18?®
25,4
13.*!
28,5
24,3
27,4
24,4
H®
a1
26,5
24,9
1°8
25,9
25,4
1 78
27,4
1151S
24,5
27,5 , 24,5
28,0
24,8
2%
29,1
24,3
6
/2 % 21 1.
2u,5
23,0
29,9
21,6
2116
29,4
20,9
2*3
g3
26,3
21,1
2U
2 5ie
11
6
28,6
21,4
28,3
213lft
20,7
2%
20,9
20,9
27,9
21,5
2%
27,9
22,3
3
215,g
27,8
21,8
26,8
21,8
2 «1
1 i®
30,1
21,5
2 58
1
31,3
20,0
3
3*,5
19,9
3
26 days
98 days
7 lays
7 da. s
21 days
7 days
a Oct. 2,1896. 6 Jan. 21,1897. cF eb. 4. ¿A p r il 8.
e May 13
49 ays
y
7 days. /S e p t . 23. g Oct. 14.
14 days
In the table below we show the price of silver in London
by months for 1895,1896 and .1897. For complete record o f
silver prices back to 1833 seepage 371.
P R IC E O F S IL V E R F O R T H R E E Y E A R S .
1897.
¡T R
E.
1896.
HighJ Low. Aver.
High. Low. Aver. High. Low. Aver.
d. j d.
d.
2 9 '»16 29'l-ip 29%
293i ¿9^ iß 291 li«
h ____ 290a
285ifi 28'Otfl
April.
28^3 28*^16 28%
May.
283,a 27% 27%
. . . . . 27% 27% 27016
27Hiß 2638 2738
26*3 23% 2U5i6
27% ,23% 250g
%
27% 259x6
27% 1263s 2613,«
27% 25i5,e 2613,6
d.
3078
31 »16
31»i6
313,«
31%
31016
31%
3138
30%«
30&1«
303,6
30
Year.
31»!« 29%
291316'23%
27», e
1895.
d.
30%
30%
31%
3013,«
3015lf
313,,.
3138
3038
30
29%
29%
2913,6
à.
30%
31
313i6
31
311,«
313s
31- 6
30'f-,,
3038
30
2915,,
2915,«
d.
d.
d.
277,« 273,e 27%
27%
29% 27% 285,«
3078 2978 307,6
30 % 30% 30%
3011,6 30% 307,6
300s
307,6
300,6 30% 30%
307,« 30%
309
313s 30% 3015, «
31
30%
307,6
3 0 'li« 30
30%
31%
271 he 27%
2 7 3 ,«
2978
The quantities and values of textile exports from Grea
Britain for the last three years are given in the following
table.
E X P O R T S O F T E X T IL E F A B R IC S .
The situation of the Bank of France as to its stock of gold
Y ear’s E xports.
1897.
1896.
1895.
and silver, according: to the last returns of each month of
Q u a n t it ie s .
1895, 1896 and 1897, was as follows, stated in pounds ster Cotton yarn..............lbs.
252,720,100
246.432.500
251,989,00©
ling.
Piece goods....... yds. 4,792.994,- 00 5,218,248,600 5,032,562,20©
G O L D A N D S IL V E R I N B A N K O F F R A N C E .—
1897.
Jan. 28
Feb. 25
Mar. 25
Aprii 29
May 27
June 21
July 29
A ug. 26
Se:H 80
Oct. 28
N ov. 25
D ec. 30
Gold. Silv’r Total
£
76,4
76 6
76,8
76,9
79,0
80,
60,8
81,5
79,7
78.4
78,6
78.1
£
49,1
49 4
49,1
48,9
49,1
49,3
49,'
49,0
4a,5
48,3
48,4
4 «2
1891.
£
135,5 Jan. 30
120,0 Feb. 27
125,9 Mar. 28
12\S April 30
138,1 May 28
129,5 June 25
129,9, July 30
130.5 Aug. 27
128.2 Sept. 24
136,7, Oct. 29
127,0 Nov. 23
126.3 Dec. 31
[00,0008 Omitted.)
J 1895.
£j
Gold. Silv’r Total
Gold. Silv’r Total
£
77,4
78,2
78,3
78,1.
79,9
81,8
82,7
82,7
79,8
77,5
77,3
76.6
£
84,8
85.9
84,3
82 6
82,1
81,9
82,0
82,2
80 9
78,5
78,3
78,5
£
49,5
49,8
49,9
49,7
50,2
50,3
50.2
50,2
49,8
49,2
49,3
49.1
126,9|.j an. 31
128,oVeb. 28
128,?|.Mar. 28
127,8ÎA prtl 25
1'40,1'May 30
132,l*June 27
132,9jJuly 25
lsa.O^Aug. 29
129,6^8ept. 26
123,7foct. SI
126,6,Nov. 28
125,7'DeC. 26
£
49.4
49,5
49,7
49.3
50,0
50,3
50,4
50,4
50,0
49,2
49,4
49,6
£
134,2
135.4
134.0
131,9
132,1
132.2
132,4
132,6
130,9
127.7
137,7
128,1
Jute yarn................. lbs.
Piece goods....... yds.
Linen yarn............... lbs.
Piece goods....... yds.
Woolen yarn............ lbs.
Woolen tissues....... yds.
Worsted tissues... .yds.
V alu es,
Cotton yarn ..................
Piece goods.............
Jute yarn.......................
Piece goods.............
Linen y a rn .,.___. . . .
Puce goods........
Woolen yarn.. ........
Woolen fabrics..........
Worsted fabrics........ .
52,221,700
233.817.600
18,364,200
164.574.600
57,135.1"0
52,266,100
129,594,900
£
9,932,447
45,828,534
529,951
2,103,032
97«,658
3,526.835
4.842,137
5,388,689
7.498.454
37.224.300
257,146,200
18.462.300
174,208,000
62.238,TOO
60,247,000
136.775.500
£
10.044.676
51.195.676
3 "8,356
2,269,692
1,040,939
3,764,889
5,«54,839
6.275,637|
8,357.518
34,725,800
254.6 9,600
17.045,600
203,587,600
61.07Ó.90©
57,657,100
164,< '38,600
£
9,291,195
46,759,358
355,854
2,1«8,912
965,926
4,0> 0,261
5,372,313:
6,204,671
1< ,219,277
The exports of iron and steel from Great Britain have been
as below each year since 1874.
THE
270
[Voi». L X V I.
C B K O N IC L E .
Shares, both sides*— ,------- Balance, one side.------- > Sheets
*
Shares. Value Shares. Oash.Oleared
Cleared. Total Value.
$
$
1898.
$
367
279,000 19,800,000 125,800
Total.
Jan. 31..2,175.600 163,000,000
360
Feb. 1 .. 1,738,500 121,600,000 250,200 16,300,000 102,100
34/.
176,900 11,900,010 66,900
2..1,315,500 93,800,000
Tons.
! “
346
“
3..1,192,*00 82,500,000 160,700 10,300,000 70,400
3,691,065
316
«
4 .. 817,600 53,100,000 113,1QP 6,800,000 57,600
3,550,398
2,835,541 Tot. w k..7,259,800 514,000,000 979,900 65,100,000 422,800 1,731
2,649,998
2,856,574 Wklastyr2,881,400 184,100,000 338,600 17,700,000 243,000 1,455
2,739,279
The stocks cleared now are American Cotton Oil common,
3,240,146
4,001,430 American Spirits common and preferred, American Sugar
4,186,182 common, American Tobacco common, Atchison common
3,966,563
4,143,028 and preferred, Baltimore & Ohio, Brooklyn City Rapid Tran
3,389,197 sit Co. voting trust certificates, Central of N, J., Chesapeake
3,130,682 & Ohio, Chicago Burlington & Quincy, C. C. C. & St. Louis,
3,496,991
4,043,308 Chicago Gas, Chicago Great Western common, Chicago Mil
4,353,552 waukee & Sfc. Paul common, Chicago & North Western com
3,820,315 mon, Chicago Rock Island & Pacific, Chicago St. Paul Min
3,792,993 neapolis Sc Omaha common, Delaware & Hudson, Delaware
2,883,484
2,296,860 Lackawanna & Western, Erie, General Electric, Lake Shore
2,346,370 & Michigan Southern, Louisville & Nashville, Manhattan,
2,224,470 Metropolitan Street Ry., Missouri Kansas & Texas preferred,
2,457,306
EXPORTS OF IROS AND STEEL FROM GREAT BRITAIN.
Pig Iron.
Tons.
1,200,746
1,060,165
866,568
830,985
840,294
767,053
840,055
1,145,268
1,190,371
1,036,319
1,158,174
1,044,257
960,931
1,269,576
1,564,048
1,758,072
1,480,196
1,632,343
1,223,436
924,646
881,442
910,905
947,827
1897.....................
1890
...........
1895.....................
1894.....................
1893..............
1892...................
1891
...........
1890..
...........
1889.....................
1888.....................
1887.....................
1886.....................
1885..
. .........
1884........ ............
1883..
. . . . . ..
1882..
. . . . ....
1881.....................
1880....................
1879................... .
1878...................
1877...................
1876:..................
1875..................
Bails.
Tons.
783,448
747,662
457,552
425,242
558,375
468,003
702,247
1,035,431
1,089,892
1 ,020,002
1,011,779
739,651
714,276
728,540
971,165
936,949
820,671
693,696
463,878
441,384
497,924
414,556
545,981
Tons.
1.706,871
1,782,571
1,511,421
1,393,771
1,457,905
1.504,223
1,697,844
1.820,731
1,905,919
1,910,242
1,973,075
1,605,289
1,455,475
1,497,439
1,508,095
1,658,531
1,517,458
1,466,055
1,196,170
933,193
965,285
899,809
963,498
Missouri Pacific, National Lead common, New York Central,
New York Ontario & Western, New York Susquehanna &
Western preferred, Northern Pacific preferred, Pacific Mail,
Reading common and first and second preferred, St. Louis Ss
San Francisco 2d preferred, Southern Railway preferred,
Tennessee Coal & Iron, Texas & Pacific, Union Pacific,
United States Leather common and preferred, Wabash com
1895.
mon and preferred and Western Union.
The volume of transactions in share properties on the New
225,890,000
59,942,000 York Stock Exchange each month since July 1 in 1897-98 and
1896-97 is indicated in the following:
The complete trade figures of imports and exports into
and from Great Britain for three years are as follows:
EXPORTS AND IMPORTS.
1897.
1890.
Home products...............
Re-shipment of imports.
234.350.000
59,834,000
240,145,000
56,234,000
Total exports...............
EXPORTS.
285.832.000
294.184.000
296.379.000
Total merchandise.........
451.239.000
441.809.000
Excess of imp overexo.
157.055.000 I 145,430,000 I 130,857,000
I m por ts.
Clearings by Telegraph.— Sales of Stocks, Bonds, &c.—
Stock Exchange Clearing-House Transactions.—The subjoinéd table, covering clearings for the current week, usually
appears on the first page of the C h r o n ic l e , but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1897 there is an increase in the
aggregate of 41*0 per cent. So far as the individual cities are
concerned. New York exhibits an excess of 59*2 per cent, and
thè gains at other points are : Boston 8’7 per cent, Phila
delphia 6*7 per cent, Chicago 45'6 per cent, St. Louis 11‘7
per cent and New Orleans 17*3 per cent. Baltimore records
a loss of 2*1 per cent.
Week Ending February 8.
CLEARINGS.
Returns by telegraph.
1898.
+59-2
4 3*7
+ 6-7
Sèven oitles, 5 days ......
Other cities, 5 days............
$1,113,560,959
160,018,274
$76?,937,137
131,472,418
"+47-8
+21-7
Total all oitles, 5 days
▲ oitles, 1 day.........
11
$1,273,579,233
215,207,411
$900,409,555
155,271,513
""441*4
+38-6
61.488.786.644
"$1,055,681,068
~ 4410
Baltimore ........................
Chicago
..........................
S t. L ouis
.
Now Orleans
.............. .........
_ _
_
Total all oitles fo r w eek
—
3d qr. 31,478,482 3,003,477,500 1,914,164,864
8,022.512 779,840,950 522,531,207
5,815,739 569,719,800 410,376,376
7,455,742 710,998,900 531,917,672
P ar.
Actual.
$
627,594,250
412,967,67f>
431,796,55(1
$
354.384,282
268.716,029
274,215,366
14,398,000 1,372,358,476
897,315,677
466,713,350
564,269,050
367,332,500
312,921,847
330,104,581
240,344,974
$
458,958,385 5,555,981
658,315,855 4,267,813
793,890,624 4,574,20«
Oct ..
N o v ....
D e c ....
Values.
Number
of Shares.
Actual.
Par.
$
July.... 6,896,074 653,123,800
August 11,435,248 1,085,902,050
Sept.... 13,142,160 1,284,451,660
4,931,438
5.899,298
3,871,070
4th qr. 21,293,993 2,069,550,650 1,465,325,155 14,701,816 1,388,314,900 883,871,402
1897.
1898.
Jan .. . 9,290.891 912.654,675 rttl.911.019 8.365.412 323.774.750 203.587.472
The following compilation covers the clearings by months
since July 1.
+45-6
+11-7
+17-3
Another table, our usual monthly detailed statement <f
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for one uoath
of January are, however, given below and for purposes of
comparison the figures for the correspond ng period of 1897
are also presented.
1896.
1897.
July .........
August.
September.
P.Ct.
1896.
1897.
P .C t.
$
$
$
t
4,811,948,050 4,378,999,444 40-9 1,978,029,1(4 1,896,609,754 44*3
3,562,582,134 4360 1,900,779,125 1,591,420,030 419*8
4,843,686,005
5,571,698,840 3,712,583,059 +50-1 2,119,369,298 1,049,548,480 428*5
3d quar... 15,227,282,475 11,652,165,237 +30-7 0,004,177,576 5,137,579,250 416*9
5,032,675,025 4,600.633,188 422-3 2,290.614,664 1,992,816,*0C 415*2
5,402,942,759 4,619,200,824 416*9 2,271,44^,329 1,932,305,880 +17*6
6,970,689,082 4,720,411.727 -)-28*5 2,382,327,130 2.064 472.621 415*4
4th qtiar. 17,003,306,866 13,940,251.787 421*9 6,950.387,123 5,980,665,517 416*0
1
1897.
1998.
1897.
1898.
anunrv . rt.nig.i’O^.s^s 4.-499.448.076 433*« 2,321,724 8H 1,910,100,744 [421-5
October ...
November.
December.
The course of bank clearings at leading cities of the coun
try for the month of January in each of the last eight years
is shown in the subjoined statement.
JANUARY BANK CLEARINGS AT LEADING CITIES.
(000,000*
January, 1897.
Clearings Outside New York.
Clearing», le ta l AlU
Month
2'1
artiy estimated.
January, 1893.
Values.
MONTHLY CLEARINGS.
$515,316,007
86,565,291
59,132,230
15,429,042
62,798,213
22,365,604
7,310,750
P h ila d e lp h ia ...........................
1896.
1897.
Month. Number
o f Shares.
P er (Jem,
1897.
$820,619,347
89,730,657
63,072,893
15,112,874
91,451,835
*25,000,000
8,573,353
New York..................... ....
Boston ................... .
SALES OF STOCK8 AT THE NEW YORK STOCK EXCHANGE.
416.689.000
om itted . •
1898. 1897. 1896. 1895. 1894. 1893. 18^2.
9
9
9
*
$
*
1891
,b90 2 ,5 8 9 2 ,5 6 2 2 ,3 9 5 2 ,1 6 6 3 ,5 6 1 3 ,5 4 9
New Y ork ...
Actual
Aver'gi
4 tO
Aver’ye Par Value
480
Actual
423
391
40.8
391
5 08
Description. P a r Value
Boston...... .
Value.
Price.
Price. or Quantity
Value.
or Quantity
387
4.f,5
3 94
3 89
385
3 18
429
C h icago......
31'»
257
356
296
265
305
327
Philadelphia
3,3-1 .,*12
9,290.391
a . . J y aj_
98
105
lift
114
111
1 16
12«
BtOCk j Sh’s. $912 554,675 j 041,911,009 70*3 ! $323,774,750 1208,587.472 64 4
8t. L o u is ....
$33,812,500 $30.008,931 77-5
Pittsburg...
B R . bonds.. $92.870.210 ’ $74.131.55« 79*8
$1.527,22« 1831
$1 240 500
$893,0 3 117-8
$757,800
Baltimore...
G ov’t bonds
$186,492 601
$332.500
$72,478 rtrt'4
$109,200
M ate bonds
San Fran’ oo.
$36,498 190-6
$44,020
$47,t65 1739
$27,300
Bank stocks
Cincinnati...
Kansas Citv
*364,204 270 $210,456,621 680
$1006319(85 $717,055,6)1 71-3
T o t a l....
New Orleans
2.398.500 $85,475,460 $35*64
2,042,690 $60,055.730 $29*40
Cotton, .bis.
Louisville...
74,430,240 $57,456,572 77 1-7 c.
$07,293,155 905 10c.
Grain.bash. 74,603,280
Minneapolis.
$383.388,653
*844.404 486
Cleveland...
T otal value.
Detroit .....
m e transactions m mo
?
Providence..
from Jan 24 down to a ul including Friday, Feb. 4, also Milwaukee..
O m a h a ......
the aggregates for January io H98, 1897 and 1896 are given
B lfia lo ......
in tabular form below.
Columbus...
l
P a u l.....
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
H artford....
Sheets benver.........
-Balances, one side
,— Shares, bo’h sides.— >
Cleared. Total Value. Shares. Value Shares. Cash. Cleared
$
$
Total........ 5,738 4,274 4,364 4,168 3,841 5 / 9 2 5,446 4,732
1896—
t
1,611.200 83,400,000 1,445,000
6,876
957,700,000
Other Oitles.,
274 225
252
225
212
250
226
217
January .. 15,2&8,500
1
uny
January .. 12,001.700
la g s _
aauary .. 2 \9 39,000
778,000j000
2,084,200.000
1,125,500
74,900.000
3,311,7001 225.300,000
1,068,300
5,900
1,895,000J*6,979
Total a ll...
Outside N.Y.
8,012 4,499 4,616 4,393 4,053 5,942 5.672 4,949
2,322 1,910 2,054 1,998 1,887 2,381 2,103 1,992
F
ebruary
TH E
5 ,1 8 9 8 .]
SILV ER
C H R O JN IC L E
QUOTATIONS
FROM
271
1838
TO
1897.
So much interest attaches to the prices of silver during past years that we give below the highest, lowest
and average quotations of Messrs. Pixley & Abell of London each month of each year, from 1833 to 1897, both
inclusive, and also the average price for each of those years. The highest quotation during the year just
closed was 29 13-16d. on January 2, the lowest price touched was 23|d. on August 25, and the average for the
year was 27 9-16d., against 30fd. in 1896.
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d
t O M OCOGO
—J* P- Morgan & Co., in conjunction with their London
house, announce that their offer to exchange various New
York Central & Hudson River RR. Co. bonds for the new
per cent gold bonds of 1997 of the same company, will
be withdrawn not later than Feb. 19.
—A limited amount of Buffalo City Gas Co.’s first mort
gage 5 per cent gold bonds is offered for sale at 971 and in
/£
terest by Redmond, Kerr & Co., New York, and the Manu
facturers’ & Traders’ Bank, Buffalo.
The advertisement
will be found on page vii. of to-day’s issue.
THE
272
C H R O N IC L E .
[ V i t . L X V I.
In the Soudan British troops are being rapidly hurried up
the Nile. Whether it is intended to immediately march
W e take from Dun’s Review the following statement upon Khartoum, or whether the military authorities consider
showing the failures in the United States by branches of
the long line of communications as too extensive for the ex
trade for the month of January in each of the last three
isting force in the Soudan, nobody knows, but a considerable
years.
failures by branches of business.__________ British force is being hurried up. On the northwest frontier
Calendar Tear.
of India operations are suspended by the bitter winter
189«.
weather. But the tribes who fought so desperately are
1897.
Manufacturer».
Liabilities. No. I
rapidly surrendering and making the best terms they can. In
«
the Transvaal a public notification has been given that Mr.
%
$
1
2 536,500
11 1.549,500
334,500
8
Iron, foundries and nails.
2
0 733,415 Lionel Phillips, who, it may be recollected, was one of the
488 200
15
301,601
18
Machinery and tools. . . . . . .
190,61'0
7
1V5.600
4
W o o l’n s.c’rp’ts& lm itgoods
10.0C0 Reform leaders condemned to death, will not be allowed to
3
28,500
4
' 66,800
3
C ottons, lace and hosiery.,
47 1.2AS.617
764,743
36
771,263
31
Lum b,r.carp’nt’ra& coop rs
376,139 re enter the Transvaal, on the allegation that he has broken
30
172,776
27
95,911
»0
Clothing and millinery. .
8 175,000 his promise not to meddle again in Transvaal politics, The
22.229
4
62,319
2
Hats, gloves and furs. ...
1
0 118,624
90.302
11
44,’! 02
8
Chemicals, drugs & paints.
333,827
24
155,523
14
41,498
11
Printing and engraving....
2
2 222.972 allegation is based upon the fact that Mr. Phillips in August
9 862.900
104,622
21
Milling and bakers.............
2
0 801,26o contributed an article to the “ Nineteenth Century.” The
453,622
18
243,338
17
Leather shoes & harness
26 1,4*6,550
19 1.948.241
187,800
11
Liquors and t o b a c c o .......
107,134
9
285.913
10
198,976
9
Class, earthenware & brick
80 2,257,166 notification has made an exceedingly bad impression in Lon
621,225
84 2,089,997
71
A ll other .......................
don and Paris, where it is taken to mean that no concession
318 8,585,696
266 8,572,946
~233 3,054,066
T otal manufacturing.
of any kind will be made to the Uitlanders as long as Presi
Iraders.
2 0 1,473,307 dent Kruger remains in power.
1
1.109.147
199 1,003,659
General s to r e s ...... •• • •
•••
8; 6,014 298 1,678 258
778,617
265
Groceries, meats and fish
151,629
35
321,135
Owing to all these unfavorable influences, business has been
357.317
38
H otels and restaurants. . ..
1 1 665,798
0
530.32«
471,107
86
Liquors and toba cco........
98 1,863.208 decidedly slacker this week than last. There is of course
761.859
859,654
83
Clothing and furnishing...
1 1 1,373,115
1
1.091.51C
439,028
70
Dry goods and carpets.
69 2,054,«04 the usual investment going on,.and there is some amount of
«29.932
356,403
66
Shoes, rubbers and trunks.
247,758
37
239.499
828,462
35
Furniture and crockery...
334,183 speculation in Canadian securities, more particularly in Cana
45
628.092
303,292
34
Hardware, stoves & tools.
484,516
74
299.40Í
269,098
54
Drugs and paints................
6
6 889,667 dian railway securities; also in Argentine Government and
1.187,099
165.785
30
Jewelry and clock s............
409,678
SO
228,7«
91.9641
1
6
Books and papers..............
But outside Canadian and Argentine
100,150 railway securities.
15
34,53:
836.6(0
1
H ats, furs and gloves. . . . . .
167 1,426,970
J 1,604,737
761,128
118
A llo th e r.......................• •
••
securities there is hardly anything doing.
9.386.957 1,342 12,142,629
The British railway dividends announced so far are really
T otal trading................ XÔ93
25 1,007,418
2
399,682
375,444
29
Brokers and transporters
satisfactory. They are all at a higher rate than 12 months
,6 6
1 18.359.68t 1 8
T otal com m ercial........ 1.855 10.451.513Í 1,621 18.359,585 1,686 21,735.743
ago, and all give evidence that 1897 was an exceedingly
w/vim_iron woolens and cottons inciuue » « u w u it u w iw u i
fa ctu res' machinery includes implements and tools; Jpm ber includes saw - prosperous railway year. But in its present mood the Stock
planing, sash and door mills, carpenters and coopers; clothing includesjnillinery
¿n d furaishings; hats include furs and gloves; chemicals include drags, fertili- Exchange looks upon the dividends as unsatisfactory. They
rars naints and oils; printing and books include engraving and maps, milling
tnciucies baking; leather and shoes include makers o f harness, saddlery, trunks are not so high as speculators anticipated, and consequently
and rubber goods; liquors include tobacco, wines, brewers and
eludes earthenware, pottery, brick, lime and cement; groceries include in eats even the British railway market has given way somewhat.
and fish; hotels include restaurants; d rygood s
o s ewelrv
The international department is dull under the apprehen
fiirniture includes crockery; hardware includes stoves and cools, ana jewelry
' i S
&
S S
w
«
Brokers include all real estate, note, insurance
sions in Paris mainly, and the American market is neglected
o r produce dealers whose main business is not the handling o f actual
’
w tw mortgage and other loan concerns, and transporters include all excep t in
because of the general impression that a reform of the cur
__
—
—
corporated railway companies___________
rency cannot be carried through the present Congress. There
a K o t t e t a n i i K g p m w e i r c t a l ^ t t f l l t g f t l l cur s is some speculation amongst members of the Stock Exchange
and professional operators, but the general public is holding
[From our own correspondent.]
quite aloof. The mining department, however, is the dullest
L ondon , Saturday, January 22, 1898.
of all. The South African market is depressed by the notifi
The declaration made at Swansea on Monday evening by
cation referred to above, and the Western Australian market
the Chancellor of the Exchequer that the British Government
is dull because of weakness in Australia.
makes no claim in China for itself, but is resolved even at the
But while the Stock Exchange is thus depressed general
cost of war that trade in China shall not be hampered, has
trade is excellent. There are signs of improvement in the
made a very marked impression throughout the country,
exports to the United States, to South America and to India,
The general feeling is that a declaration of the kind was re
and the home trade is marvelously good. It must have been
quired and will do good, but it is also obvious that the posi
somewhat checked by the protracted engineering dispute,
tion is somewhat critical, and consequently there has since
which has lasted now since July. But in spite of that never
^een a disinplination to incur new risks. Everybody believes
perhaps has the home trade been more prosperous in all oui
that peace will be maintained, because the Continental
history, and as soon as the struggle referred to is over there
Powers have no real maritime strength in the Pacific, and
seems every reason to anticipate still further improvement
because Russia would exhaust herself if she were to attempt
because of the numerous orders, for new ships more particu
to fight on the Pacific coast so far from her base, while no
sacrifice is required either from Russia or Germany or France larly, ready to be placed.
The money market, as was expected, is very easy for the
by the British deniiands. Consequently the universal im
time being. It is to be borne in mind that very large sums
pression here is that peace will be maintained and that free
have been paid out for dividends, interest, and the like, and
trade for all the world with China will still continue.
the ease will probably continue for a week or two longerUpon the Stock Exchange there has been very little move
But early in February the collection of the revenue will
ment in prices, but; there has been a slackening in business
begin to tell. It will transfer such large sums from the out
and an unwillingness to incur new risks. In France the ex
side market to the Bank of England that the bank will hav
traordinary excitement that has arisen over the Dreyfus case
undoubted control of the market, and can make rates pretty
and the anti-Semitic movement is giving rise to much un
much what it pleases for five or six weeks. The ease just
easiness amongst the more thoughtful. Luckily there is no
now is accenuated by the total absence of speculation.
popular adventurer in France just now. If there were he
On the other hand, we may at any moment see a rise l
would have a most wonderful opportunity. It is to be hoped
rates because of the strong demand in the open market fo
that the excitement will die away, and that the Republic will
gold. The demand is mainly for Russia and Austria-Hun
survive the shock which undoubtedly it has received.
gary. It is expected that there will be considerable ship
In Austria there is a recrudescence of the enmity between
ments of gold to Argentina. The wheat harvest there h
Germans and Czechs, and it looks as if even the Emperor s
been exceedingly good and the demand to move the crop
intervention will not be powerful enough to bring about a
will necessitate gold shipments. On the other hand, though
better state of things. A t all events, the appearance now is there is some speculation as to whether gold may not go to
that a crisis is coming. In the nearer East there are rumors
Russia and the United States, it does not t
look likely that
that Russia is taking advantage of the condition of Crete to
much gold will be taken from the Bank of England pro
put pressure upon the Sultan. She is said to have proposed
vided there are no untoward political events. It seems cer
one of the Greek Princes as Governor of the Island. Of
tain that Japan will not take much, so large are the pay
course she is supported by England and France. England
ments she must make to Europe for ships and munitions ot
Would willingly have given Crete to Greece last summer.
w^r. And it is improbable that gold will go to India.
But she is opposed by Germany, while Austria hangs back,
The Indian money market continues very stringent, trad
and Italy does not wish to commit herself against her ally,
is being injured, and up-country the rates are literally op
although she sympathizes with the Greeks.
F A IL U R E S
BY
BRAN CH ES
OF
TRADE.
F ebruary 5. löi)8.j
THE
C H R O N IC L E
pressive. The banks are unwilling to increase the capital
they are employing in India if they can possibly help it. For
example, the Bank rate in Bombay at present is 12 per cent
and in Bengal it is 11 per cent, and for some weeks the de
mand of the exchange banks for India Council drafts has
been very great. But on Wednesday of this week the Council
offered for tender 40 lacs, and the applications from all the
exchange banks amounted barely to 8 lacs. No allottments
were made. It is possible, o' course, that the stringency may
become such in India at any moment that the banks may
have to enter into special contracts. But so far they have
taken only 8% lacs. In any case the circumstance shows
how unwilling they are to send out money as long as they
can avoid doing so. It seems reasonably certain, therefore,
that the banks will not ship gold to India.
The Legislative Council at Calcutta has just passed an act
authorizing gold to be paid to its credit into the Bank of
England, for which it will pay rupees out of the note reserve
in India. That is undoubtedly a concession to the exchange
banks, but it is d ubtful whether they will take advantage of
it. W e may therefore conclude safely that the stringency
in India will continue for at least three months to the great
detriment of trade, and to the hardship of the poorer classes.
But on the other hand it seems reasonably certain that gold
will not be taken for India from the Bank of England.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last three years:
273
L ondon.
Sat.
S'lver, per ounce....... d.
Jonsols., new, 2% p.ots.
For a ccou n t...............
Fr’ch rentes (in Paris) fr.
Atoh. Top. A Santa Fe.
Do
do
pref.
Canadian Pacific..........
Chesapeake & Ohio......
Chic. Milw. & St. Paul.
Oenv. & Rio Gr., pref..
Erie, com m on...............
1st preferred.............
Illinois Central............
Lake Shore....................
Louisville & Nashville.
Mexican Central, 4s ..
Mo. Kan. & Tex., com..
N. Y. Cent’l A Hudson.
N Y. Ontario A West’n
.
Norfolk A West’n, pref.
Northern Pacific, com..
Preferred....................
26%«
Tues.
Wed.
263,« ,261,«
lWlij« 112»1 1127,«,
1 16
,,
112lii« 1 2 3 11211,,
103-20 03-221« 03-57%
13ia 13% 13%
323s 32%
317s
90%
90%
90%
23
24
25%
985s 991a 99%
521« 52ia 52%
1588 158s 15%
40ia 40ia 40%
109
x 109>a 110
193
196
197
61%
587
8
62%
70
70
70
14
14
14
1211a 122ia 122
1836
18%
18ia
49
49%
497s
281s,
29
29%
69
70
70%
Pennsylvania.......... 60
61%
6078
Phlla. A Read., per sta.. lisa
Ilia
11%
Phil. A Read., 1st pref. 26ia
27
26ia
Phil. & Read., 2d pref. 14
114
14%
South'n Railway, com
9%
914
9ia
Preferred............
321*
33
33%
Union Pacific___
35
36%
35ia
Do
new pref..
....
Wabash, pref biisu
19%
1914
19%
26i,6
1129,«
112%
03-57%
13%
32
90%
2578
98%
51
15%
40%
109%
197
61%
70
13%
121%
18%
49
29
70%
61
11%
27
14%
9%
33%
37
63%
19%
Thurs.
Fri.
26
26%
112% 112%
112l3,e 112%
03-52% 03-52%
13%
13%
31%
31%
90%
89%
25%
24%
98%
98%
52%
52%
15%
16
40%
41%
109% 109%
197
65%
61%
69%
69%
14
14
121% 121%
1878
18%
51
51
29
28%
69%
70
60%
61
11%
11%
27%
27%
14%
14%
9%
9%
32%
32%
36%
36
19%
19%
blOVERNMENT REVENUE AND EXPENDITURES.—Through the
courtesy of the Secretary of the Treasury, we are enabled to
1807.
1808.
1896.
1895.
place before our readers to-day the details of Government
Jan. 19.
Jan. 20.
Jan.23.
Jan. 23
receipts and disbursements for the month of January. From
S
t
£
£
£
27,028,395 25,761,390 25,323,500 25,015,550 previous returns we obtain the figures for previous months,
11,447,213
8,442,078
9,680,609
6.331,255 and in that manner complete the statement for the seven
33,885,244 44,029.003 52,852,149 34,778,637 months of the fiscal years 1897-98 and 1896-97.
Circulation ............. ..............
Pabllo deposits.......................
Oilier deposits......................
Government securities.......... 14,023.030 14,235,117 14,682,555 14,477.809
Other securities
............. 82,540,632 28,965,779 20,732,225 17,686,010
Reserve of notes and ooin.... 21,890,791 27,450,103 89,172,881 27,143.457
oln& bullion, both depart’ts. 32,110,130 30,411,498 47,090,381 35,353,007
43«
Prop.reserve to liabilities.p.o.
62«
62«
65«
3
*3«
Bank rate ..............percent.
2
2
112 9-13
Consols, 2« per cent.............
113«
107 11-16
105«
Silver....................................
26«d.
29 ll-10d
S0«d.
+27«d.
Clearing-House returns....... 171,777,000 156,200,000 163,107,009 132,712,000
* January 21.
+ J anuary 21.
Messrs. Pixley & Abell write as follows under date of
Jan. 20:
Gold. -A ll open market arrivals have been taken for export to the
Continent, and the prices paid are a fraction better than those of a
week a g o ; £352,000 has been taken from the bank for Buenos Ayres.
Arrivals.—Australia, £19,000; South Africa. £243,000; River Plate,
£4 ,00 0 ; West Indies, £27,000; total, £293,000. Shipments—Bombay,
£110,000; Calcutta, £5,000; total, £115,000.
Silver.—After touching 267sd. sellers predominated, and the price
rapidly fell to 26%d. At this point, considerable purchases were made
for China and India, resulting in a rise to-day to 26%d. The price in
Bombay is Rs.67% per 100 tolahs. Arrivals.—New York, £113 000;
Australia, £ 6 ,0 0 0 ; west Indies, £19,000; total, £138,000. Shipments
—Bombay, £180,300; Hong Kong, £25,144; Shanghai, £20,000;
Sydney, £15,000; Calcutta, £43,750; total, £284,194.
Mexican Dollars.—There are no transactions to record since our last.
Shipments—Penang, £41,500; Singapore, £24,600; total, £66,100.
Receipts (000 omitted)
1897-98.
July....
iug...
lept__
O ct....
Nov....
Deo..
Jan.....
7 mos..
au
Receipts (000 omitted)
1896-07.
Out- Inter’ Misc’l Total.
toms. (tev’ue S’rcet Rec’pts
t
t
$
10,987 19,708 2,850 39.085
0.088 11,193 813 19,024
7,000 13,049 1,535 22,250
9,718 13,015 1,063 24,39i
9.830 13,531 1.808 25,169
11,678 16,217 2,028 28,823
11.209 12,443 2,063 28,795
77,011 98,810 11,710 187,537
Nat. Bank
Rede'n Fund
Receipts.
Out- Intern Miscn Totai
toms. Rev’ue S’rces Rec’pts ’97-98 90-97.
%
$
8
1
8
5"
13,157 14,303 2,609 29,f2771 870
12,330 11.901 1,271 25,f 62 1,395
28
11.374 11,679 1,531 21,58) 1,312
00
11,251 13,475 2,538 27,204 1,572
89
0.930 13,105 2,175 25,2.0 2.892 968
10.780 13,199 1,880 25,8-10 6,149 1,222
11,277 11,032 2,008 24,31-: 3,671 3.000
79,099 88.7541 972 181,826 17,602 5,734
13
j L o i i i - a o t u c i. ^ u v e x i i u t 3 r , A / o u t J i m i e r
am i
oa n u a r y
r © (5 6 1 p t S
from “ miscellaneous sources ” (according to the Government
figures) include for November $18,194,618 26, for December
$31,715,204 14, and for January $6,538,401 35, derived by the
Government from the Union Pacific Railroad purchase.
Hence, to make miscellaneous receipts for those months con
form to the Government figures, the amounts mentioned
should be added. As, however, Union Pacific purchase
money is not revenue and as (if included) it disturbs the com
The quotations for bullion are reported as follows:
parison with former and future years, we omit it in each case.
For like reason $4,519,368 26 uninvested cash in Union Pacific
Gold .
Jan.
Jan.
Silver .
Jan. Jan. Sinking Fund which the Government included in November
London Standard.
20.
13.
London Standard.
20.
13.
ordinary expenditures and $900,000 paid out to secure bid on
Kansas Pacific and $517,428 96 interest paid on Pacific Rail
s. d. s. d.
d.
d.
Bar gold, fin e....oz. 7711 77 10% Bar silver, fine... oz. 26% 261%« road subsidy bonds included in December expenditures are
Bar gold, parting.oz. 77 H i« 7711% Bar sliver, oontain’g
also omitted.
U .S. gold ooln...oz.
Germ’n gold ooln.oz.
Frenoh gold ooin.oz.
Japanese yen..........
76
76
76
76
6
3%
«%
6%
76
76
76
76
5%
do 5 grs. gold.oz.
3%
do 4 grs. gold.oz.
3%
do 3 grs. gold.oz.
6% Cake silver......... oz.
Mexican dollars.oz.
26%
26%
28%
26%
27*ie
27
2613,«
281316
26%
The following shows the imports of oereal produce into
the United Kingdom during the first twenty weeks of the
new season oompared with previous seasons:
IM P O R T S .
1897-8.
1896-7.
1895-6.
1894-5.
Importsofwheat,owt.24,993,450 27,667,9*0 27,09 4,860 25,618,966
9,371,094 12,074,290 11,769.830 13,358,504
Barley.......... .
O a ts............................ 6,045,020
8,271,870
5,519,640
6,094,537
P e a s............................ 1,056,740 1,652,378
1,246,530
1,108.154
Beans.......................... 1,309,610
1,333,340
1,605,600 1,845,044
Indian oorn.................17,699,760 23,261,200 16.823,880
9,107.314
F lo u r.......................... 8,019,100
9.163.380
7,916,550 7,797,790
Supplies available for consumption (exclusive of stooks on
September 1)
^
1897-8.
1896-7.
1895-6.
1894-5.
1896-7
Wheat imported, owt. 24,993,450 27,667,930 27,099,860 25,618,966
Imports of flour........ 8,019,100
9,163,380
7,916,550 7,797,'90
9.163.380
Bales o f home-grown.11,491,279 10,964,051
5,965,454
8,353,518
T o t a l...................44,503,829 47,795,361 40,981,864 41,770,274
1897-8.
1896-7.
1895-6.
1894-5.
Aver.prioe wheat, week.35s. Od. 31s. 8d.
25s. lOd.
20s. 8d.
Average prioe, season..33s. 7d. 29s. 2d.
24s. 8d.
19s. 8d,
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week. Last week.
Wheat..............qrs....... 2,430,000 2,420,000
Mour, equal to qrs. . . . 400,000 425,000
Maize...... .......qrs... . 520.00G
635,000
1897.
1896.
2,420,000
2,055.000
415,000
434 000
1,070,000
566,000
Ordinary .
8
29,482
16,860
13,989
17,005
10,595
13,010
18,198
7 mos.. 125,«39
July....
tug.,..
3ept....
Oct......
Nov ...
Dec....
t an.....
I m po rt s a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at New York for the week ending for dry goods
January 27 and for the week ending for general merchandise
January 28 also totals since the beginning of the first week
in Januarv.
F O R E IG N I M P O R T S A T N E W Y O R K .
For week.
1898.
1897.
1896.
1895
Dry goods.......
Ben’l mer’dise
$2,721,930
5,950,700
$2,112,096
6,873,753
$3,014,466
6,830,659
T o t a l........
Since Jan. 1.
Dry goods.......
Gen’l mer’dise
$8,672,630
$8,985,819
$9,845,125
$9,020,821
$9,870,078
24,383,525
$9,262,763 $13,141,042
28,117,652
27,708,558
$14,828,545
26,111,250
Io ta ! 4 weeks..
J ^ M s c e l l a t i c u u s Hfteur*
Nat.
Disbursements (000 omitted) Rede’nBank
Fund
1890-97.
Disbursed.
P en - In- Total. Ordi- P en In• lot*
»ions. terest. Disb’ts| nary. »ions. terest. Disb’ts ’97-98 ’90-97
8
8
8
8
8
8
1
8
8
14,958 0.000 50,100 22,277 13,101 6,710 42.088 1.001
783
13,793 2,926 83,688 20,308 12,390 2,938 35,702 902
4S2
10,992 388 25,309 14,071 11,480 423 20,580 802 450
10,885 5,212 83,702 18,588 10.346 6,033 83,987 504 461
13,650 3,017 33,262 16,885 13,179 3,197 33,261 1,821 888
12,207 381 20.2C4 11,891 11,431
487 23,812 1,452 890
12,375 0,139 86,037 12,970 10,53d 0,704 30,209 2,582 886
88,86024,723 238,922 117,053 82,474 2565V 225,079 8,804 4,8 3
Disbursements ^000 omitted)
1897
$34,253,603 $36.971.321
$41,258,694
$3.875,076
5,145,745
$40,939.795
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
The daily closing quotations for securities, etc., at London specie) from the port of New York to foreign ports for the
are reported by cable as follows for the week ending Feb. 4 : week ending January 31 and from January 1 to date :
E n g lls t i
F in a n c ia l M a r R e ts—P e r
C a b le .
274
THE
C H R O M IOLE,
Bank Stock List—Latest prices.
EXPORTS FROM NEW YORK FOR THE WEEK.
Total 4 weeks..
1895.
1896.
1897.
1898.
For the week..
Frev. reported
BANKS.
$7,521,968
25,666,467
$8,496,366
25,264,757
$7,306,318
22,336,743
$36 408,734 $33,188,435
$33.761.123
$29,643 061
$8,050 107
28,356,627
The following table shows the exports and imports of
specie at th-j port of New York for the week ending Jana
&ry 29 and since January 1, lb98, and for the corresponding
periods in 1897 and 1896.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Im p o r ts.
E xp orts.
G old
Great Britain..........
France.....................
G erm an y................
West In d ies........
M e x ic o .....................
South America.......
A ll other countries.
Total 1898........
Total 1897........
Since Jan. 1.
Week.
$200
2,513,705
$1,195,020
” 6,700
$1,195,020 $2,520,605
197,240
71,940
10.526.640
Exports.
Silver.
Week.
Since Jan. 1.
$242,601
28,'728
3,540
26,147
2,100
$494,086
1,421,884
69
57,424
12,901
77,379
6,576
Chatham.......
C ity.........—
C olum bia___
C om m erce...
C on tin en tal.
Corn E x c h ...
East R iv e r..
11th W a rd ..
F ifth A v e ....
Fifth*..........
F irst............ .
First N., 8 . 1.
14th S treet..
F ourth..........
Gallatin . . . .
uansevoort*.
$303,11 fi $2,073,319
231,140
49,620
7 ,2 9 4 ,1 7 8
1,914,761
Imports.
Week.
$3,601.991
59,000
Since Jan. 1.
$194
Great Britain..........
$857,976
West In d ies...........
64,000
65,863
South America____
A ll other countries.
4,300
44,050
2,280
4,100
24,230
$926,276 $3,770.904
3,208,499
890,625
905,300 4,197.916
$30,804
54,813
70,121
Total 1898........
Total 1897........
Total 1896........
Am erica........
Am. E x c h ...
A stor Place*
B ow ery*.......
B roadw ay....
B u tch .& ’D r..
C entral.. . .
r
Since Jan. 1.
Week.
[V ol . -LICVI.
$194
$21,000
)00
38.443
108,148
102,716
721
$271,322
231.596
211,846
Bid.
BANKS.
Ask.
* Not, Listed.
BANKS.
Ask.
Bid.
G a rfield ..... 700
German A m 115
German Ex.* 250
G erm a n ia .... 300
325
G reenw ich ... 105
250
H a n over....... 380
105
H .de < L .* .. 90
fc
105 175
H ud. R iver.. 155
Im .& Trart’ n- 515
230 310
Irv in g ........... 140
¡Leather M is ’ 170
700
L iberty*....... 125
140
150
L in co ln ......... 750
M anhattan... 230
206 212
127
M arket& F ui 222
285 295
M echanics’ , 185
j M ’ch s’ & T rs’ 110
135
M ercantile... 165
225
2000 3400 M erchant.’ .. 140
226
M erch’t . E x. 115
3i 00 35Ó0 M etropol’8... 440
M t. M orris.. 100
125 160
100
Nassau .. . . . . 150
¡85 190
N . A m s’ dam. 235
N ew Y o r k ... 236
310
ti.. Y . Cb’ n ty 700
....... 100
350
170
220
300
225
365
170
N .Y .N a t.E x
N inth............
19th w a rd .
N. A m erica
Oriental.......
P a c ific . . . . .
Park..........
125
___
95
P h e n ix ......
Plaza*...........
Prod. E x .* ...
R e p u b lic_
_
Seaboard_
_
S e co n d _____
S e v e n th .
1
jShoe A L e’th
Stateof N .Y .
650
Bid. Ask.
90
100
135
150
1*0
263
200
90
190
117
165
174
450
105
97
110
240
250
195
120
.........
Tradesm ’n ’s. Í10
155
12th W ard*. 125
U n io n ........... 280
U nion S q .* .. 180
U n’d S tates.
Y o rk vilie * ... !l70
W estern ....... 1150
245
.........1¡W est Side. 275
.....
_
....
160
190
275
100
115
1«>5
112ia
255
......
..
165
......
Miscellaneous Bonds :
m is c e l l a n e o u s B o n d s .
Jeff. & Clear. C. & 1 . 1st g. 5s
2 d g . 5s ................ . . . . . . . . . . .
80*ut). Manhat. Beach H . & L. g. 4s.
M etropol- T el. & Tel. 1st 5s
Commercial Cable—1st g. 4s. 105V»h. Mich.-Pfcflln. Car I s t S s ----Cons.Gas Co.,Chic.—1st gn.5f- 10414b. Mutual U nion T eleg.—6s, g ..
10514b.
79 b. N at. Starch M fg. 1st 6 s.......
De Bardeleben C. & I .—g. 6s.
N . Y. & N . J . T elep. gen. 5 s..
94 b
Det. Gas con. 1st 5...................
Edison E lec. 111. Co.—1st 5 s.. *112 b. N orthw estern T elegraph—7s
P eople’ s Gas & C. 1 1st g. 6s. 112
Do o f Bklyn., 1st 5s..
Co., C h ica go....... >2d g. 6s. 112
E quit. G.-L., N . Y .,cons.g. 5s.
1st cons. g. 6s........................ 116
E quitable G. & F.—1st 6s___
9714b. South T uba W ater—Con. 6s.
E rie Teleg, & Telep. 5s, g . . .
13 a.
Galveston W h a rf Co.—1 st 5s. 100 b. Standard B op e A T .—In o. 5s.
Sunday Creek Coal 1st g. 6s.
H enderson B ridge—1st g. 6s.
W estern U nion Teleg.—7 s ... *i"05**b.
Illin ois Steel deb. 5s
W estern Gas coU. tr. 5s.........
N on-conv. deb. 5s.
N ote . —“ b,’in d ica tes prioe bid j 11a ” p rice aslted * L atest p rice th is w e e k .
— The annual report of the Mutual Life Insurance Com
pany of New York just issued shows that company to have
made noteworthy advances, as usual, in every department of
its business. The assets on December 31, 1897, amounted to
$258,786,437, showing an increase for the year of $19,042,289 24. The cash income for the twelve months aggregated
$54,162,608 23, and the disbursements for death claims, ma
tured endowments, dividends and other accounts to $36,124,060 99. The surplus fund from which dividends are paid
now amounts to $35,508,194. The Audit Co. of New York
has examined the accounts and reports as below:
m is c e l l a n e o u s B o n d s .
98*21).
Gas Securities.—Brokers’ Quotations.
G A S C O M P A N IE S .
B id. A sk.
G A S C O M P A N IE S .
P eople’ s (Jersey City)
125
114*8 W illia m sb u rg 1st 6 » ..
F ulton M u n icip a ' 6 s ..
E q u ita b le ................... .
80
Bonds, 6s, 1899 .
104
St. P a u l................. . . . 195
B onds, 5s.
.........
Standard p r e f................
335
C o m m o n . ... ... ... ... .
118
W estern G a s ... ... . . . .
104
B onds, 5 s . . . . ....... .
79
109
B ’k lyn U nion Gas—Stock. 123
114
205
Con stun era’ (J er sey C ity). 77
B onds
...................... 102
J ersey City & H o b o k e n ... 185
M etropolitan —B onds........ 105
825
M u tu al (N . Y.) .........
N. Y. A East B iv . 1st 5s.. 112
98
P re fe r re d . . . . . . — .......
77
Consol. 5 s . . . . . ................. 107
b id . A sk
160
104
106
227
103
40
75
160
145
84
103
170
105
46
80
165
148
86
104
“ We have made an audit of the accounts and an examination of
the assets of the Mutual Life Insurance Company of New York, as of
December 31,1897.
..■ ' .'
, . .
,
Auction Sales.— Among other securities the following, not
“ We certify that the assets as specified in the annual statement
« m o u n t in g to $253,786,437 66, were in possession of the company regularly dealt in at the Board, were recently sold at auction:
on that date, and have been taken into the accounts on a con
servative basis o f valua tion. We certify that we have made an audit
By Messrs. Adrian H. Muller & Son :
of the receipts and disbursements of the company for the year ending
Bonds.,
,Q ft n
/> i*oö
December 31,1897, as contained in the boohs of the company, and
$3,000 Sunbury Haz. & W. B
find the same to be correct. The accounts and books are kept clearly 161 Boston & N. Y. Air Line
R R .5 b, S.F.,1928, Series A.107*2
RR.,pTef ...1 -................10 6*2
and in an orderly manner, and tlie system of expenditures lias efficient
$5.000 Town of Middletown,
90 Naugatuck RR............... 252
safeguards.”
i
Conn., Refund. 4s, 1910...107*2
71 Merchants’ Nat. Rk.,N.Y. 146
$2,000 Bridgeport (Conn.)
67 Bridgeport,Ct.. Nat. Bk.187
G a s L. 4*28, 19< 9 ................1 0 3 * 2
New York City, Boston and Philadelphia Banks.—Below
50 City Nat. Bk., Bdgep.,Ct. 155*2
$10,000 Bridgi port Hydraul
20 Aetna Fire Ins. Co. of
we furnish a summary of the weekly returns of the Clearing
ic Co. 5s, Series 4, 1913.— 105*2
Hartford, Conn.............280
House banks of New York City, Boston and Philadelphia
$2,000 Bridgeport Hydraulic
12 Hartford Fire Ins. Co.. .524
Co. 5s, Seiies 3 ,1 9 1 2 .......1 0 5
The New York figures do not include results for the non
30 Cent. Pk. N. &E. Riv.RR.182*4
5 Lawyers’ Title Ins. C o.. 1?0*2 $ 3,000 Cuyadutta Elec. RR.,
member banks, which will be found separately reported on
Gloversville, N. Y., 1st 6s,
30 Home Tns. C o ............... 206*2
the third page following.
1912, guaranteed................ 109*4
3 Astor Place Bank.---- - ..227*2
$2,000 Jamaica, N. Y ., Town
15 Importers’ &Traders’Nat.
uUpt OÍ j*
L
ship Water Co. 1st 6s, 1908.105
Legale. Deposit*.! Oire’i’n Clearing*.
Specie.
Suri Lus. Loans.
B a n k ......:.......---------- 523
15 Nat. Park B a n k ...;....... 266*4 $ 3 ,0 0 0 Jersey City 7s Water
$
$
$
$
Scrip, 1902. A.&O 1127s& in t.
$
$
25 Columbia Bank..............151
133.253.5 609,776,9 1065885 87,074,2 685,592,5 15,571,9 10428974
$2,000 J em y City 6s Water
40 First Nat. Bank, Buffalo,
132.253.5 61* ,992,6 1086390 90,233.0 691,612,9 15,091,3 891.167.3
Scrip, 1907. J.& J ....1 1 8 & int.
W y o m in g ......;:....--- ,25
133.293.9 t>23.470,l 1106476 99,245.8 714,472.8 14.593.6 852 827,1
$500 City of Waterbury,
25 Ü. S. Mortgage & Trust
133.293.9 625,865,7 1130928 103,137,7 722,484,2 14.468.7 825,018,1
Conn.,4s* 1919. J.&’J.IOB «feint.
Co...................... .285 to 286*2
$15,000 111. Cent. HR. (St. L.
8.144.0 186.284.0 5.351.0 113.519.4
20 Columbia Bank..............151
63.393.8 181,271;0 12.139 0
D iv.& Ter.)lst3s,l»51.J& J. 84*2
8.065.0 186.400.0 6.364.0 124,736 9
63.393.8 180,026.0 12.307.0
20 Leather Mfrs.’Nat.Bank. 180
182.480.0 5.334.0 100,210,8
8.027.0
$500 The Colonial Club of N.
63.393.8 179,936.0 12.143.0
13 Oriental Bank.......;.....1 5 6
Y, 2d 5s, 1911. J.«S J........ 75
fc
20 Title Guar. & Trust C o..293
129.309.0 6.025.0 74,841,6
41.339.0
35.388.0 114.551.0
$1,000 The Hebrew Benev. &
25 Colonial Trust Co.......... 192
129.225.0 6.002.0 77 924,4
42.232 0
35.388.0 114.607.0
Orphan Asyl. Soc. of N. Y.,
,
25 Niagara Fire Ins. Co..... 181
130.041.0 5,947,0 72,819,4
42.802.0
35.388.0 115,22610
3d bonds. J .& J ................ 62
74 Merchants’ Ex. Nat. B k .l2 0 3ö
$10,000 McGregor Empire
1 Corn Exchange B a n k ...295
City Railroad Securities.— Brokers’ Quotations.
Compress Co. of McGregor,
20 19th Ward B ank............100
Tex., bds ,1906: July,1896,
B o n d s.
B id. jAsk.
coupons o n .. . . - . . .. . - —--•$•*0
Bid. Ask.
$2,000 Ches.& O.Ry. 6s, Ser
$ 6,000 Staten Isl 1. Eleo. RR. , ! .
ies B, 1908. M . & N . ..119
D. D. E. B. A B at’ y—Stk. 175 !
1st 5s, 1945. M.&N.......... 80
A tlan. A ve., B ’k ly n -$3,000 Bost. & N. Y. Air Line
1st, gold, 5s, 1932. J& D 115 J Ü T *
Con. 5s, g., 1931 ..A & O 8100 103
RR. 1st 5s, 1 9 0 5 ................109
S c r ip ............................... SlPOHa W lH
80
77
Im pt. 5s. g., 1934. J&J
31
B l’ éck. St.& Fui F.—Stk
Is t m o r ' .,7s, 1900. J&J 106
B ’w ay &7th A ve.—Stock 206
lstm ort.,5 s , 1904. J&1> 106
2d m ort., 5s, 1914. J&J 5111
B ’ way 1st,5-.guar. 1924 | ll7
2d 6s. int. as rent’ l.iJOS «106
Consol. 5s, 1 9 4 3 ..J & D 122S
M et. s t.R y . gen. fts,’ 97 114*2
B rooklyn C itv—S to c k ...
Consol. 5s, 1 9 4 1 .. J&J 115
B klyn.C rosst’n 5s. 190- 106
B kl’ nQ’ns C o.& Sub.lst 1 5
B k l’n C.& N ew t’w n—Sci 160
116
5s, 1 9 3 9 . . . . . . . . . .
401*
B rook lyn B apid Transit
95
5s, 1945................. A&C
Centrai C rosstown—Stk 195
1st M., 6s, 1 9 2 2 ..M&h $122
Cen. P k.N .& E .R iv .—Sti r i 7 5
Consol. 7s, 1 90 2 ...J& I > 113
C olum bus A 9th A ve. 5s, 123
C hri»t’p’r& 10th St.102
l s t m ort., 1 8 9 8 .. . i
«
Hi A.nu üoauou luuuebiL
Eighth A ven u e—S took..
&crip, 6s, 1914...............
42d A Gr. s t. For.—Stock
42d St. Man. & St. N. A v.
1st mort. 6s, 1910.M&S
2d mort. incom e 6 s. J & J
Kings Co. Trac.—S tock ..
Lex. A ve.& P av.F erry 5»
M etropolitan St. Ry.-Stk
Nassau E lec, 6s, 1 9 4 4 ...
N .Y .& Q ueensC o.5s,1946
117
S tein w aylst 6s.’ 22 J&J
108
N inth A venu e—S to c k ...
107
¡Second A venu e—Stook..
116 I lstm ort.,5s,1909.M & N
40 S | D eb en tu res»,1909. J& J
j
96 'Sixth A ven u e—S tock----Third A venue—S t o c k ...
1st m ort..5s, 1937.. J& J
28th&29th St. 1st 6s, 1990
180
Tw enty-Third s t .—s to c k
117
Deb. 58,1903------ . . . . . . .
123*ï
Union B y - S t o c k ..........
160
1st 5s, 1942.
.......
104
33
108
212
no
112*2
118
107
123
lT 47s
1
325
105
325
69
116
92
47
123
147
103
«••
• ««
107
350
72
118
93
48
123*2
147*2
105
115 117
180 200
160 165
108*2 n o
106
195 210“
178 179
122 *s 123*2
100
......
300
....
103
175 200
{110 112
\ rm U m
im a
S p e n c e r
W iu a u c ta X
T r a s k
&
C o .,
b a n k e r s
NEW YORK.
27 & 29 P IN E S T R E E T ,
65 State Street, Albany.
IN V E S T M E N T SE C U R ITIE S.
Georoe B arclay Moffat.
M
o
f
f
a
A l e x a n d e r M . W h it e , Jr .
t
&
W
BAN K ERS,
N o . 1 N A SS A U S T R E E T ,
h
i t e
,
YEW YORK.
IN V E S T M E N T S E C U R IT IE S .
F ebruary 5, l<5i8.j
THE
jB a u k c t s ’
C H R O N IC L E .
(la m e tte .
D IV ID E N D S.
»¡Bfif
Per
When
Books closed.
o f Company. .53 »
Cent. Payable. j ( Days inelusive.)
R a ilr o a d « ) (S tea m .')
Ohio. & Alton com. &prei. (quar.)
Connecticut & Pass. Rivers pref.
K. C. St.L.&Fhic. pref.,guar, iqr.)
Louisiana & Mo. Riv. p r e f , guar.
N. Y. Ohio. & St. Louis 1st pref..
Norfolk & Western pref...............
Non hern Pacific pref. (quar.)...
St. Paul & Duluth pref............. .
Waynesburg & Washington........
S treet R a ilw a y « ).
Alhanv (V. Y.) Ry. (quar.)..........
Glens Falls (N. Y.) Sandy Hill &
F. & Edwards Sc. RR. (quar.).
Metropol. St., K. C., Mo. (quar.).
Union St., N. Bedford,Mass.(qr.)
West Chicago St. RR. (quar.)...
Worcester (Mass.) Traction pref.
R anks.
Bank of the Manhattan C o... . . .
F ir * « n a u r a n c e .
Peter Cooper.................................
w hilX incellaneo its.
is
Diamond Match (quar ) ........
Erie Teleg. & T<dep. (qua1
-.)........
Glucose Sugar Rfg. pref. (quar.)
Jefferson & Clear held C. & i. pf
Pennsylvania Natural Gas........ .
Standard Oil (qu ar.)..................
do
do (extra)....................
Sunday Creek Coal pref. (ann’l j .
1%
3
lk
3*2
2
1
1
2
80o.
2k
2*2
March 1
eb.
1 ---------Feb.
1
Feb.
1 ---------March 1 F^b. 6
Feb. 23 Feb. 16
Mar.
3 Feb. 11
Mar. 15
Jan. 29
Mar.
) Feb. 8
Mar. 15
lk
Feb.
1 Jan.
1%
k
2
ik
3
Feb.
Feo.
Feb.
Feb.
Feb.
1
1
1
15
1
4
Feb.
10 Feb.
5
Feb.
t o ---------t o ---------to Feb. 20
to Feb. 23
to Feb. 20
to
to Feb. 28
0
.1
22to Jan. 31
Jan. 30 to Feb. 1
Jan. 27 to Jan. 31
Feb. 6 to Feb. 15
Jan. 23 to Jan. 31
1 to Feb.
9
2ia Mar. 12
1
Feb. 14 Feb. 6 to Feb. 13
1% Mar.
1 ----------t o ------------2 *4 Feb, 15
k Feb. 10
tiO
Mar. 15 Feb. 16 to Mar. 15
7 }
Feb. 15 Tan. 30 to Feh. 15
lk
long bills continues and changes in rates are limited to small
fractions.
To-day’s actual rates of exchange were as follows: Bank
ers sixty days’_ sterling, 4 83@4 S3%; demand, 4 85@
4 85% ; cables, 4 85%@4 85% ; prime commercial, sixty days,
4 82f«4 8t% ; documentary commercial, sixty days, 4 8 2®
4 82% ; grain, 4 82%@4 82%; cotton for acceptance^ 4 82@
4 8 % ; cotton for payment, 4 81% d 4 82%.
>
Posted rates of leading bankers follow:
February 4.
the result of which was an exceptionally active market
through the week for railway bonds at advancing prices.
The market for shares has been less conspicuous, but in this
department the investment demand has been a feature, with
the speculative issues relatively dull and neglected. The
most important announcement of the week in railroad circles
was that made by President Depew to-day of the plan for
absorbing Lake Shore & Michigan Southern by the New
York Central Company. This was expected, however, and its
effect upon the market had been discounted.
Other factors have had an influence in stimulating activity,
prominent among which was tae rumor of a plan in prog
ress for reorganizing the Baltimore & Ohio RR., which is
the only very large system now awaiting rehabilitation and
by the better outlook for both the hard and soft coal business.
Railway earnings are keeping well up to the excellent
standard of recent reports, and grain statistics just given out
point to a continuance of heavy grain traffic. The bank
cleiarings for the month of January show an increase of 83’6
per cent over last year, and for this week are even larger,
notwithstanding the obstruction to commerce caused by the
heavy storms. The money market shows an increasing ac
cumulation of fuDds at this centre, and there seems no pros
pect of better rates in the near future.
The open market rates for call loans on the Stock Ex
change during the week on stock and bond collaterals have
ranged from 1 % to 2 per cent. To-day’s rates on call were
1% to 1% per cent. Prime commercial paper is quoted at
8 to 4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £370,451 and the percentage
of reserve to liabilities was 45*3j5, against 44*89 last week: the
discount rate remains unchanged at 3 per cent.' The Bank
of Prance shows a decrease ■of 2,650,000 francs in gold and
an increase of 600, O O francs in silver.
u
The New York City Clearing-House banks in their state
ment of January 29 showed an increase,in the. reserve held
of $6,337, 00 and a surplus over the required reserve of
$35,6 i>9,450, against $31,275,200 the previous ^vfeek.
1898.
Jan. 29.
Capital.................
Surplus................
Loans & dise’nts.
Circulation.. . . . . .
Net deposits........
Specie..................
Legal tenders.. . .
Reserve held.......
Legal reserve___
Differen'sfFm
Prev. week.
$
59.022.700
74,271,200
625.865.700
14.468.700
722,484,200
113.092,800
103.137.700
216,230,500
180,621,050
$
1897. Jan, 30.
$
59,772,700
74,888,100
Ino.2,395,600 488,765,700
Dee. 124,900 18,111,500
In e.8,O il,400 563,331,800
Ino.2,445,2O 79,684,600
O
In e.3,891,900 120,296,600
Ine .6,337,100 199,981,200
In o.2,002,850 140,832,950
1896.
Feb. 1.
$
61,122,700
73,017,100
447,142,700
13,799,000
490.447.200
76,845,900
85,389,300
162.235.200
122,611,800
Surplus reserve 35,6 9,450 Ino .4,334,250 59,148,250 39,623,400
The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be found on
the second page following.
Foreign Exchange.— The foreign exchange market is un
changed in general conditions. The investment demand for
Sixty days.
Demand.
Prime bankers’ sterling bills on London
4 83*3
4 86k
Prime commercial ..................
4 82 @4 82k
Documentary commercial..........
4 82 @4 82 k
Paris bankers’ (francs).................
5 218,, @ 21 k 5 2Ó @5195,¿
Amsterdam (guilders) bankers.........
40 @401,« 403,e@ 40k
Frankfort or Bremen (reichmarks) b’kers
9 4 k @ 949,
94l&ig@95
The following were the rates of domestic exchange on
New York a« the under-mentioned cities to-day: Savannah,
buying % discount, selling par; Charleston, buying 1-16 dis
count, selling 1-16 premium; New Orleans, bank, par,
commercial $ 1 00 discount; Chicago, 10 c. per $1,0 0 0 pre
mium: St. Louis, par@25c. per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $13,000 4s, coup., 1925, at 128% to 129; $100,000
4s, reg., 1925, at 128%; $129,500 4s, coup., 19 7, at H 4% ;
$1,000 4s, reg., 1907, at 113%, and $32,000 5s, coup., at 113% to
113%, The following are closing quotations :
Interest Jan.
Periods. 29.
2s,...................... reg.
4s, 1907 . . . . ___reg.
4s, 1907.......... coup.
Tlie Money Market and Financial Situation.—The week 4s, 1925.......... reg.
opened with an unusually large volume of business at 4s, 1925..........coup.
the Stock Exchange on Monday, due chiefly to the spirit 5s, 1904 ............reg.
with which the Teller Resolution was taken up in the Lower 5s, 1904.......... coup.
6s, eur’oy,’9 9 .. .reg.
House of Congress and to anticipation of the fate of that 4s, (Cher.) 1898.reg.
measure. Tuis action has further strengthened confidence, 4s, (Cher.) 1899.règ.
W A L L S T R E E T , F R ID A Y , F E B . 4 , 1 S 9 S -5 P. Mi
275
Jan.
31.
Feb.
1.
Feb.
2.
Feb.
3.
Feb.
4.
Q. -Mch.
Q .- Jan.
Q .-J a n .
Q .-F eb .
Q .-F eb .
Q .-F eb.
Q .-F eb.
J. & J.
March.
March.
”100 *x99k * 9 9 k * 99 k * 9 9 k *100
*113 *H 3 *113 *113 *113
113 k
114k * ll4 k *114k *114k *114% *114%
*127% *128 *128k *128 *128
128k
129 *129 x l2 8 k 128% 1 2 «k *128*4
*113% *113% *113% *113% *113% *113k
*114% *114k 113k 113k *113% 113%
*104 *104 *104 *104 *104 *104
*103% *103% *103% *103% *103% *103%
*103% *103% *103% *103% *103% *103%
* This is the orice bid at the mornin« board no sale was made.
Coins.—Following are the current quotations in gold for
coins:
Sovereigns.......... $4 84 @$4 88
Napoleons........... 3 84 @ 3 88
X X Reichmarks. 4 74 @ 4 78
25 Pesetas........... 4 78 @ 4 81
Span. Doubloons.15 45 @15 65
Mex. Doubloons.15 45 @15 65
Fine gold bars... par @% prem.
Fine Silver bars.. — 5 6k @ — 5 7 k
Five franes.......... — 93 @ — 96
Mexican dollars..— 45 @ — 4 6 k
Peruvian s o ls .... — 4 0 k @ — 43 ’
English silver... 4 82 @ 4 85
U. 8. trade dollars — 65 @ — 75
State and Railroad Bonds.— Sales of State bonds at the
Board include $35,000 Virginia fund, debt 2-3s of 1991 at
71 to 71%.
There has been a better market for railway bonds this
week, which is shown by the large amount of transactions
and advance in prices. The volume of business at the Ex
change ranged from $6,250,001» on Monday to $5,040,000 on
Wednesday, averaging $5,780,000.per day par valqe.
The investment demand is strong and seems to be increas
ing, readily absorbing all offerings of high-grade issues and
extending to other classes of bonds. The most important'
feature in this,department was. the movement of Kansas
Pacific consols, which, on exceptionally heavy transactions;
advanced from below par to 112. This advance is due to
expectations that the certificates will be allotted the new
Union Pacific securities as provided for in the plan.
In sympathy with the advance in coal shares, Reading,
Western New York & Pennsylvania, Pittsburg & Western,
aad the issues of other coal companies have advanced an
average of about 2 points. Special activity is noted in Atchis-'
on, Chesapeake & Ohio, Rock Island, Chicago Terminal,
Erie, Missouri Kansas & Texas, Northern Pacific, Reading,
St; Louis & Iron Mountain, Southern Railway, Texas & Pac-*
ific, Union Pacific and the several Oregon companies’ bonds.
Railroad and Miscellaneous Stocks.— The stock market
has been active and generally strong, with some irregularity
in movement. Transactions at the Exchange gradually
diminished from 542,500 shares on Monday to 310,000 on
Thursday, averaging 401,250 shares per day. The Vanderbilt
group has continued active and strong, although New York
Central has not sold abqve the high quotations noted last
week. Lake Shore moved up to 194%, closing at 194, a net
gala of 5% points, as the consolidation plan : sra rnneed to
day it was generally believed would be decided npb i. Gj
»
Northern preferred was one of the prominent fe&t u:e
ilh
week, advancing steadily from 134 to 101. This advan (< w
accompanied with rumors that there is soon to be a dis *■ 1
.
tion of the accumulated assets of the company. Baltimore &
Ohio was unusually active, and advanced 5 points on reports
that a reorganization plan is in prospect, An advance in the *
price of anthracite and the agreement recently entered into
by the bituminous companies led to a substantial upward
movement in both groups of coal stocks.
Pennsylvania,
Louisville & Nashville and Metropolitan Street Railway
have each advanced about 2 points.
Under the conditions above mentioned the miscellaneous
list has received less attention than usual, and although the
tendency of prices has been upward, changes in quotations
are of less significance than in the railway list.
*
THE
276
C H R O N IC L E
[ V o i . LX V I,
NEW YORK STOCK EXCKA.N8E—A C T IV E STOOKS fo r wesk ending FEB, 4 , and since JAN. 1 . 1 8 3 8 .
HIGHEST AND LOWEST PRICES.
Saturday,
Jan. 29.
Monday,
Jan. 31.
Tuesday,
Feb. 1.
Wednesday, Thursday,
Feb. 3.
Feb. 2.
Friday,
Feb. 4.
STOCKS.
Range for year 1898.
Sales of
[On basts o f /oo-ghare lots.p
the
Week.
Highest.
Lowest.
Shares.
A c t iv e It It. S t o c k s .
T
13 Atchison Topeka & Santa Fe.
2,764 12% Jan. 24 13% Jan. T
12% 13% 13
13% 13% 13% 13% 127s 13
807s 31%
Do
pref. 39,889 28% Jan. 24 317s Jan. 12*
30% 31% 30% 31
19 Feb. 3
si 3m 31% 31% 31% 31% 16 17% 167s 19
17% 18% Baltimore & Ohio.................. . 68 482 12% Jan. 2
*12% 13ia 13% 16% 15 17% 40 40% 40 40% 40
40% Brooklyn Rapid Transit....... 31,735 36% Jan.
5 41% Jan. 14'
40% 40% 40%
Ì 40
40% 40
8678 87 Canadian P a cific..................
3,200 84 Jan.
6 90% Jan. 2 9
87% 877
e
*88 88% 88% 88% 88 88% *87% 88% 55% 55% 55% 56% Canada Southern .................. 9,500 51% Jan. 3 56% Feb. 4
54% 54%
98% Jan. 7
*54% 55% 55% 55% 54% 55
96% 97 Central of New Jersey........... 10,757 91% Jan. 2
95% 95% 95% 96% 96% 97% 23% 24% Chesapeake & Ohio............... 92,531 21 Jan. 24 24% Feb. 1
94% 94% 94% 96
24%
22% 22% 23% 24% 24% 24% 24% 24% 23% 100
99% 100% Chicago Burlington & Quincy 78,167 97 Jan. 24 102% Jan. 12?
99% 100% 100% 101% 99% 100% 99% 100% 99% 60% *59
61 Chicago & Eastern Illinois...
1.230 55 Jan. 8 60% Feb. 1
60% 59%
*59% 60% 60% 60% 60
60
60
l l l 78 l l l 78
Do
pref. 2,235 102 Jan. 7 113% Feb. 1
112 112
110% 110% 110% 113% 112%113
109 111
1378 14 Chicago Great W estern....... 21,925 13% Jan. 24 16% Jan. 8-’
13% 14
13% 14% 13% 14
14% 14% 14% 15
8% Jan. 5 10% Jan. 1410 Chic. Indianapolis & Louisv. 2,278
9% 9% §10
9% 9%
9% 9%
9
9%
9
9%
33%
Do
pref. 3Ȥ3i? 30 Jan. 5 33% Feb. 2
33
33% 33
32
32% 32% 32% 32% 33% 33% 33%
95% 96% Chicago M ilwaukee* St. Paul 88,689 927s Jan. 4 97% Jan. 12
96
96% 95% 96% 95% 95% 95% 95
95% 96
Do
pref. 1.980 142% Jan. 3 L46 Jan. 14
145 145% §145 145% 145% 145%
144% 144% 144% 144% 145 145
3,175 119% Jan. 4 127 Jan. 31
125% 126% 125% 126% 125% 128% 125% 126% Chicago & Northwestern.......
125% 127
124% 125%
Do
pref.
278 163 Jan. 3 167% Feb. 2
167 ........
167% 167% 167 ___
166% ..
§165 166
92% 93% Chicago Rook Island Pacific 29,809 88 Jan. 5 94% Jam 2 »
93
93% 93% 93% 94% 92% 93% 92% 93% 92% 76% 73% 74 Chicago St. Paul Minn. &Om.
6.989 72 Jan. 24 78% Jan. 31
77
78% 77% 77% 75% 77% 76
76% 77
§148 Jan. 5 151% Jan. 22
144% 145%
Do
pref. ---148 155
148 152
148 152
148 152
»148 152
9% Feo. 3
4% Jan. 3
8% 9% Chicago Terminal Transier.. 10,404
8% 9%
7%
8%
6% 7%
7% 7%
7% 7%
Do
pref. 13,248 22% Jan. 3 30% Feb. 4
27% 27% 27% 29% 28% 30%
26% 26% 27
26% 26% 26
36% 37% Clev. Cinoin. Chic. & St. Louis 14,857 33% Jan. 24 38% Jan. 31
37% 36% 37% 36% 36% *80
37% 38% 37
35% 37
86
Do
pref.
865 80 Jan. 7 87 Feb. lì
85
85%
86
86
87
87
83
85
3,856 110% Jan. 21 114% Feb. 3
113% 114% 113% 113% Delaware & Hudson..............
*111 113% 113 113% 113% 113% 113% 114
156% 158 DelawareLackawanna&West 1,035 150% Jan. 21 157 Feb. 2
157 159
155 156% 156% 156% 157 157
153 154
*13
13% Denver & Rio G rande............
11® 12 Jan. 12 13 Jan. 12
13
13
13
14
....... 14
§13% 13% *12% 14
46 Jan. 3 51% Jan: 28
Do
pref.
49% 50% 49% 50% 50% 51% 50% 51 W Erie.......... . ................................ 13,466 14 Jan. 24 16% Feb. 4
50% 51% 50% 51
3,135
15% 1 6 ,
14% 15
*15
15% 15% 15% *15% 15% §14% 15
40% 41%
Do
1st pref 15,985 37 Jan. 4 41% Feb. 4
39
39
88% 39% 39% 39% 39% 39% 39% 39% 19% 19% 20
21
Do
2d pref
1,400 18% Jan. 2 1 21 Feb. 4
19
19%
19
20
20
19% 19% *19
160 162 Great Northern, pref........... .
8,343 130 Jam 12 162 Feb. 4
150 160
140 143% 145 149
138% 140
135 135
108% Jan. 31
8,107 102% Jan.
105% 106 Illinois Central......................
106 106% 106 106%
10« 108% 108% 108% xl06% 107
9% Jan. IS
§9% 9% Iowa Central...........................
625 8% Jan. 22
*9
9%
*9% 9%
9% 9%
9
9
*8% 9
SÒ Jan. 8:
*33
34
Do
pref................. 33 Jan.
33
34
33
34
33
34
*33
34
*33
34
177sJan. 121
*16
17% Lake Erie & Western............................ 16% Jan.
17% *16% 17% 16% 17% 71% 71%
*16% 17% *16% 17% 16
7378Jan. 12
Do
pref.
911 70% Jan.
*70% 71% §71% 71% 193 1948' Lake Shore & Mich. Southern 11,339 170% Jan.'
§71% 72
73
*72
72% x72
194% Jan. 2 0
189 194% 191 194% 191 192% 190% 192% 191%193
60% Jan. 31
59% 59% Louisville & Nashville............ 69,405 54% Jan.
57% 58% 59% 60% 59% 60% 59% 60% 59% 59% 1157e 117% Manhattan Elevated, consol. 107,800 110 Jan.
120% Jan. 14
116% 117% 117% 118% 118% 119% 118% 119% 117% 118% 147 147% Metropolitan Street............... 15,164 12 8 % Jan.
148% Feb. 3
147 148%
145% 146% 146% 147% 146% 148% 147 148
111% Feb. 4
107 108% 1077e l l l !' Michigan ¡entrai.................... 14,085 100 Jan.
106% 107% 107 107% 106% 107% 106% 107
26% Jam 7
762 25 Jan.
25% 25% 25% 25% 25% 25% Minneapolis & St. L ou is.,___
25% 25% 25% 25%
*25
26
.*
86
86%
Do
1st pref.
705 85% Jan. 13 87 Feb. 2
86
86
87
87
*86
88
*85
87
87
*85
55% 55%
Do
2d pref
500 53% Jan. 24 56% Jan. 7
*55
56
*55
56
55% 55% 55% 55% 55%
*55
14% Jan. 2 6
13% 13% Missouri Kansas < T ex a s___
&
3,019 12% Jan.
13% 1378 13% 13% *13% 13% 13% 13% §13% 13% 39% 40%
41 Jan. 28
Do
pref. 22,164 33% Jan.
40% 39% 40% 39% 40% 39% 40% 33% 34% Missouri Pacific...................... 31,410 32»* Jan. 24 35% Jan. 2 6
39% 40% 40
33% 34% 33% 34
34% 35% 34% 35% 34% 35
1,225 28% Jan. 18 31% Jan. 2 0
31% 3 1 % Mobile & O h io .................
31
30% 30% 30% 30% 30% 30% 31
31
*30
119% Jan. 28
118% 119% New York Central & Hudson. 120,655 105% Jan.
117% 119% 118% 119% 117% 118% 117% 119% 118% 119% *14% 1 5 % New York Chicago & St. Louis 2,660 i3
15% Jan. 31»
Jan.
15
*14% 15% 15
14% 15% 14% 15
15
15
*73
77
Do
1st pref.
475 75 Jan. 29 76 Jan. 31
76
76
*74
76
76
76
76
76
75
75
40% Jan. 29
39
39
Do
2d pref.
1,034 35 Jan.
*38
40
*38% 40
*39
41
39% 40% 39% 40
§195%Feb. 2& Hart.
135
Jan.
193% 193% *194 ...... §194% 195% 195 . . . . *195 196 NewYork New Haven Western. 25,105§178%Jan.
‘ 192 194
1878 Feb. 2'
17% 18% New York Ontario &
15%
18
1878 18% 18% 12
17% 18
17% 17% 17% 18
18 Jan. 5
15 New York Susq, & West., new
532 8 Jan.
11% 11%
*10
12
*10
12
11
11
12
*10
SO
34%
Do
pref.
6,035 23 Jan. 10 34% Feb. 4
30%
30% *30
28% 28% 28% 29% 30
28
28
15% 15% Norfolk & W estern.................
1,315 14% Jan. 25 157g Feb. 4
15
15
14% 15
*14% 15
*14% 15
*14
15
Do
pref. 12,311 46 Jan. 24 51% Feb. 4
49% 49% 51%
49% 49
47% 47% 48
48% 4 7 78 47% 48
28% Jan. 31
27% 2 7 % Nor. Pacific Ry.,votingtr.ctf8. 64,i84 20% Jan.
27% 28% 27% 28% 27% 28% 27% 28% 28% 28% 67% 68%
69 Jan. 31
Do
pref. 127,497 58 Jan.
67% 68% 67% 68% 67% 68
68
69
67
68
54% Feb. 1
51% 52 Or.RR.&Nav.C o .v o t.tr.ctfs.
3,195 35%Jan.
52
53
*53
54
51% 51% 51% 53% 53% 54%
72% Jan. 20»
*70
71%Do pref., vot. trust ctfs.
983 68 Jan.
*70
72
71
71% 71% 71% 70
71
¡H
§72
72
25% Feb. 1
25 Oregon Short Line. . ................
5,9*4 19% Jan.
24% 24% 25
25%
24% 25% 25
24% 24% 24% 25
118% 119 Pennsylvania............. ............ 52,939 114 Jan. 22 119% Jan. 31
116% 117% 118% 119% 118% 119% 117% 118% 118% 118% 43% 4 4 % Pittsburg Cinn. Chic. & St. L. 12,510 38% Jen.
44% Feb. 3
43% 44%
42% 44%
43
42% 42
§42% 42% 42
*0 Jan. 27
DO
pref.
1,020 64% Jan.
69% §68% 68% 69% 69% 69% 69%
69% 69% *66
70
*67
23% Jan. 6
22% 22% Reading, voting trust certifs. 31,137 21% Jan.
22% 23% 22% 23%
22% 23
22 % 22% 23
22
54% Feb. 3
1st pref. voting trust certs. 74,965 48% Jan.
52% 51% 52% 52% 53% 53% 54% 53% 54
50% 51% 51
29 Jan. 6
28% 28% 2d pref., voting trust certs. 9,495 26% Jan.
28% 28% 29
*27% 27% 27% 28% 27% 27% 28
§21% Jan. 11
*22
25 Rio Grande Western............ ..
. . . . . §21% Jan.
26
*22
*22
26
*22
28
*22
*22 26
61% Jan. 6
Do
pref.
7 58 Jan.
56
§56
59
55
*55
59
*55
59
*55
59
*55
8 Jan.
200 6% Jan.
7
m St. Jos. & Gd. Isl., vot. tr. ctfs.
7
7
* 6%
7
*6% 7
l6%
7
*6 %
51 Jan.
Do
1st pref.
1*795 47% Jan.
48
50%
48%
48
48
48% 48% §47
47
50
20 Jan.
Do
2d pref.
877 16% Jan.
18
18%
17% 18
§16% 16% §16% 16% *16% 18
*16% 18
7% Jan.
1,730 7 Jan.
7% 7% St. L. & San Fr., vot. tr. ctfs.
7%
7%
*7% 7%
7% 7%
7% 7%
7%
§7%
58 Jan.
Do
1st pref.
2,650 53% Jan.
58
56% 56% 56% 56% 56% 56% 5678 56% 57
§56% 57
27% Jan.
Do
2d pref.
2,560 25 Jan.
26% 26% 26% 26% 26% 26% 26% 26% 26% 26% St. Louis Southwestern..........
26
26
5 Feb.
380
3% Jan.
478 . 4%
§5
5
*4% 5
5
5
4%
4%
5
*4%
11 Jan. 2T
Do
pref.
1,570
9 Jan.
§9% 9%
9% 10% 10% 10% 10% 10% 10% 10%
10 %
*10
25 Jan. 9
3» 0 20% J an.
24% 24% St. Paul & Duluth...................
*23
25
24
24
*23
24
*23
24
24
*23
87 Feb. 3
Do
pref.
170 84 Jan.
§87
87
87
87
87
*86
87% *86
*85
87
*84
87
135 Feb. 4
1,275 12«% Jan.
135 135 St. Paul Minn. & M anitoba...
130 130 §130 130
127 127
124 125
*122 124
22 Jan. 12
1,000 19% Jan.
19% 20 Southern Pacific Co................
20
20
*20
20% 20% 20% 20
20
20
20
9% Jan. 12*
3,683
8% Jan
9
9% Southern, voting trust, certif.
9
9%
Q
Qlo
§9% 9%
9%
9%
9%
9%
32% Jan. 12
Do pref., voting trust cert. 14,800 29% Jan,
80% 31% 31% 32% 31% 32% 31% 31% 31% 31% 31% 31% Texas & Paoiflo......................
12% Jan. 2T
4,145 10% Jan.
11 % 12
12
12 % 12
12% 12% 12% 12% 12
11% U %
36% Feb. 1
35% 34% 35% Un. Pac., tr. reo., all inst. pd. 176,603 25% Jan.
83% 34% 34% 35% 35% 36% 35% 36% 35
63% Feb. 2?
Do
new
pref. 122,644 60% Feb
61% 63% 61% 62% 60% 6178
10% Jan. 10
2,310 6 % Jan
99 Un. Pac. Den. & Gulf tr. reots.
8% 9
8 % 8%
9
9%
9
9
9
7 78 Jan. 12
1,325
6% Jan.
7% 7% Wabash.................................. .
7% 7%
7% 7%
§7%
7%
7% 7%
7%
19%Jan. 1 3
Do
pref,
5,290 17% Jan.
18% 1878 18% 18% 18% 18%
18% 18% 18% 19% 18% 19
3% Jan. 11
Wheel. & L. Erie, $1 ass’t pd.
2,325
2 Jan.
*2% 3%
2 7s 3%
2% 3%
3%
3%
3% 3%
3%
3%
16 Jan. 1 3
Do
pref. do.
708 9% Jan.
13% 13% 14% 147s 13% 13% 13% 137s *12% 15
13% 14
M is c e lla n e o u s S t o c k s .
4.450, 20 Jan. 25 23% Jan. 10
22 % 22% 9.2% 22% 22% *21% 22% *21% 22% American Cotton Oil Co........
21% 21% 22
4,302 74% Jan. 24 77% Feb. 1
Do
pref.
77% *76% 77% 76% 77 i 76% 77
77% 77
76% 76% 77
9% Jan. 26
2,210 6% Jan. 20
8 % 8 % American Spirits Mfg. Co—
8%
8%
§8% 8%
8%
8%
8% 9
8%
8%
760i 18 Jan. 3 22% Jan. 31
Do
pref.
2 ¿% 22% 22
22 I 21% 21%
22
22
22 % 22
*20
22
136% 137% 137% 138
137% 138% American Sugar Refining Co. 63.521135% Jan. 17 145 Jan. T
136% 138% 137% 139% 137% 138% 113% 113% 113% 113% §114 114%
1,312 112 Jan. 15 116 Jan. 6
Do
pref.
113% 114
114 114 *113 114
91%
T
89
90% 88% 89%' 88% 89% 88% 89% American Tobacco C o . ....... 49,670| 83% Jan. 2 ' 117% Jan. 10»
88
88 % 88% 90
Jan.
........ '113% Jan. 14
Do
pref.
114 119 1*114
*113 119 *113 119 ’■114 ........ 114 119
5% Jan. 21
2,565i 3% Jan. 4
3% 4
3% 3% Bay State Gas..........................
37s 4
4
4
3% 378
8%
3%
8.075176 Jan. 3 195% Jan. 25
191% 193%' 190% 192% ¡Consolidated Gas Company..
191% 191% 191% 192 *191 192% 191 191
1,108 30 Jan. 12 3 7 % Jan. 2 4
34% 34% *33% 34%! 33% 33% Consolidated Ice C o ............
34
35% 35% 34% 34% x34
381 85 Jan. 7 89% Jan. 4
Do
pref.
87% *84% 87
§86% 86% *84
86% 86% '84% 87
87
87
General Electric C o .............. 17,537 33% Jan. 4 37% Feb. IX
36% 37% 36%
36% 36% 36% 37% 36% 37% 36% 37% >35% 36% §35% 37% National Lead Co....................
2.650 34 Jan. 24 377e Jan. 7
36
36
36% 35% 35% 35% 35%
*35
36
1,009 106 Jan. 3 108% Feb. 2
Do
pref.
108% 108% 108% 108% 108% 108%
*106% 108% 107% 108%§107% 108
31% 32% Pacific Mail.............................. 11,0951 29% Jan. 3 32% Feb.
31% 30% 31% 30% 31% 31% 32
31% 31% 31
97% 98% 97% 98% People’s Gas L. & O. of Chic. 54.960 94% Jan. 25 99% Jan. 31
99% 98 *8 99% 97% 98% *56% 57% *56% 57*4 Silver Bullion Certificates---96% 97% 98
*56% 57%
*56% 57%
3% Jan. 3 4% Jan. IP
106
*3%
4% *3%
4% Standard Rope & Twine.........
4%
4% 4%| *4
*4
4% "* 4 “
6,365, 23% Jan. 24 28% Jan. 11
25% 25
25 Tennessee Coal Iron & RB.
24% 24% 24%
25
25
25% 25% 25% 25%
6% Jan. 13
7% Jan. 31
4,935
§7%
7% *7
7 % United States Leather Co ....
*7% 7%
*7% 7%
7% 7%
*7
7%
7,451! 63 Jan. 24 67 Jan. 31
Do
„ pref
65% 66%' 65% 65% 65% 65% 65% 65%
65% 67
64% 65
1,385 15 Jan. 18 17% Jan. 28<
16%
17% 17
17 United 8tates Rubber Co........
16
15% 15% 16
*15% 17% *15% 17
2,560 63% Jan. 11 67% Feb. 4
65%
67%
Do
.
pref
*63% 66% 65% 65% 65% 65% *64% 65% 91% 66% 66% 92*< Western Union Telegraph .
34.365 89% Jan. 4 93% Jan. IO
92% «2
9<% 92% 91% 92% 91% 92%
90% 91%
*These are bid and asked; no Bale made. § Less than 100 shares.
i W For i n a c t i v e stocas «ee lolla w i n - p a g e .
13
131«
THE
FEBRUARY 5, 1898.]
C H R O N IC L E
277
N E W Y O R K S T O C K E X C H A N G E P R IC E S ( C o n t in u e d )— J/VA ö T I V ß S T O C K S .
I n a c t iv e
stocks.
1 ndloates unlisted.
Feb 4.
Bid. 1 Ask.
Bange (tales) in 1898.
Lowest.
(% In d ica te s a c tu a l s a le s .)
R a ilr o a d Stocks*
183 Jan. 183 Jan.
Albany & Susquehanna....——100 180
13% 12fe Jan.
Ann A rbor... . . . . . . . . . . . . . . . . . —100 13
12% Feb.
.... 34 Jan. 38 Feb.
{38
P referred ...... . . . . . . . . . . . . — 100
Buffalo Rochester & Pittsburg 100 28% 29% 28 Jan. 30% Jan.
67% 65 Jan. 67% Jan.
Preferred ..........................~ .100
72 Jan. 72 Jan.
Bnrl !«dar Rapids & N or... -100 69
14
15
l i f e Jan.
Central Pacific.:......... . . . . .. . . . 1 0 0
13% Jan.
"Chioago A Alton ................
100 165% _ 163 Jan. 166% Jan.
33 Jan. 36 fe Jan.
Chicago Great West. pref. A ...100 133
23% 24% 23 *4 Jan. 25fe Jan.
' Preferred B ................... ....1 0 0
16% 15% Jan.
Clev Lor. & W heel... . . . . . . . . . . 1 0 0 116
19% Jan.
48% 48 Jan. 497 Jan.
P r e fe r r e d .............. . . —...1 0 0 148
8
<Cleve and A P ittsbu rg....
— 50 168
6%
5% Jan.
7%
•Col. Hock. Valley & T ol............100
778 Jan.
19
23
17 Jan. 23 Jan.
P referred .............. ........1 0 0
12 Jan.
Dea Moines A Ft. D odge.. . . . . . 100 14% 15
15fe Feb.
Preferred.............................. —100 80
23
23 Jan.
28
Evansville & Terre Haute........ 50
25 Jan.
40 Jan.
45
41 Jan.
Preferred
. . . . . . . . . . . . . . . . 50 41
Flint A Pore M arquette... ....1 0 0 112% I2 7e 12 Jan. 127s Feb.
41 Jan. 43 Jan.
P referred .............. .........1 0 0
30 Jan.
40
Green Bay & Western..............100 30
30 Jan.
6 Jan.
Deb. oertfs. B.............. ......1 0 0 0
6fe Jan.
122% 23fe 19% Jan,
Kansas City Pitts. A Gulf ......1 0 0
23fe Feb.
3%
3 Jan.
Keokuk A Des Moines..........1 0 0
3 Jan.
4%
17
20
Preferred...............
. .......1 0 0
18 Feb
18 Feb.
45
40 Jan
Long Island................
100 43
41% Jan.
lfe Feb.
Mexican National tr. o tfs ........ 100
U fe
lfe Feb.
Mo/rris A Essex....... .
50 170 175 167fe Jan. 175 Jan.
N.Y. A H arlem ........................ 50
320 Jan. 320 Jan.
121 Jan. 122% Jan.
N.Y. Laca. A W estern............1 0 0
1
Peoria Decatur A Evansville..100
78 Jan.
1%
lfe Jan.
4
7
3 Jan.
Peoria % Eastern.. . . . . . . . — ».100
3 Jan.
Pitts. Ft. W. A Ohio. gu ar......1 0 0 1169%
169 Jan. 170 Jan.
182 Jan. 182% Jan.
Rensselaer A Saratoga...—....1 0 0 182
Rome Watertown & Ogdens. ..100 120>s 1211« 120fe Jan. 123 Jan.
Third Avenue ....................... ..100,1177 178 164 Jan. ¡186% Jan.
West Chicago Street.................. 100 j 101%
100 Jan. ,102fe Jan.
2%
7e Jan. 1 3 7 Jan.
Wisconsin Cent. vot. tr. o tfs ...100*1 2
a
' No prloe Friday latest price this week.
Î Actual sales,
Range (sales) in 1898.
Feb. 4.
I nactive Stocks.
ITIndicates unlisted.
Highest.
Bid.
160
M iscellan eou s Stock s.
Adams Express______________
American Bank Note Co I f. . ....
Lowest.
Ask.
165
157
120 SIS”
119 120 116
91
92
90
1123%
119
Preferred.............................. 100
Col. A Hook. Coaltr.rcts.ailpd.100
Commercial Cable___. . . . .. . . . . 1 0 0
Consol. Coal o f M a ryla n d ......100
Detroit Gas.................
50
Edison Elec. 111. of N. Y . . . ....... 100
Edison Elec. 111. of B rooklyn.. 100
Erie Telegraph A Telephone ..100
Hawaiian Com. & Su gar......
Illinois S teel..................
100
Laclede G a s . . . . . . . . . . . . . . . . . . . . 100
P r e f e r r e d . . .. . . . . . . . . ............. 100
Maryland C oal,pref.................1 0 0
Mionigan-Penlnsular Car C o.. .100
P r e fe r r e d ............................. lOOi
Minnesota I r o n .............. ......... 100
National Linseed Oil C o ........1 0 0
National Starch Mfg. C o . . . . . ..100
New Central Coal........................100
N. Y. A East River Gas IT........ 100
........................... — 100
Preferred IT
North American Co............... ..1 0 0
Ontario Silver M in in g ..........1 0 0
Pennsylvania C o a l...... . . . . . . . 50
Pu'lm*n Palace Car C o ........1 0 0
Quicksilver M ining... . . . .. . . . . . 1 0 0
Preferred........... .......1 0 0
Tennessee Coal A Iron, p r e f... 100
Texas Pacific Land T r u s t......100
U. S. E xpress... . . . . . . . . . . . . . . . . 1 0 0
Wells. Farvo E xp ress............... 100
*24* 25%
70
78
17
6
175
40
157% 59
50
1133 133% 127%
110
133
52%
143%
90
45
Jan. 162% Feb.
Jan
Jan.
Jan.
"iSfe "**6*"
3
4%
350 366
176 178
2
3
3
8
16%
142 •
«
114 116
7% Jan.
Jan.
59 Feb.
Jan. 135 Jan.
Jan. 110% Jan.
33 h Feb.
55% Feb.
48 Jan.
94% Jan.
51 Feb.
Jan.
Jan.
Jan.
54
65
19
Jan.
Feb.
Jan.
Jan.
8
Jan.
4% Jan.
3% Jan.
2
120 Jan
917e Jan.
125 Jan.
26fe ja n
Jan.
33% 28% Jan.
55
48 Jan.
43% Feb.
93
92 Feb.
55
51 Feb.
54
165* ........ 57
18
19
17
9
7%
7%
8%
7
Highest.
Jan.
6% Jan.
3% Jan
179 Jan,
2% Jan.
5% Jan.
6% Jan.
40 Jan. 42% Feb.
1.13 Jan. 116 Jan.
NEW YORK STOCK EXCHANGE PRICES.—S T A T E BONDS F E B R U A R Y 4 .
SECURITIES.
Bid.
Alabama—Class A, 4 to 5 ....1 9 0 6
Class B, 5s..............................1906
Class O, 4 b..............................1906
Currency funding 4s............ 1920
Arkansas—6s,fund,Hol.1899-1900
Non H olford..................................
7s. Arkansas Central RR............
Louisiana—7s, c o n s ............... 1914
Stamped 4s....................................
New consols. 4s______ ____ 1914
108
107
100
100
Ask.
SECURITIES.
New York City Clearing House Banks.— Statement of con
dition for the week ending January 29, based on averages of
daily results. W e omit two ciphers (00) in all cases.
B an ks.
(00s omitted.)
Bank of New Fork.
Manhattan Co...
Merchants’ ...... .
¡Mechanics’ ........
America.............
Phenix___ _____
C ity.....................
Tradesmen’s .......
Chemical.............
Merchants’ Exch’ge
■Gallatin.............
Butchers’ < Drov’rs'
fc
Mechanics’& Trad’s'
■Greenwich.........
Leather Manufao’rs
Seventh.................
State of N ew York.
American Exohange
Commerce..............
Broadway..............
Mercantile.............
Pacific............. .
Republic................
Chatham...... ..........
People’s — ....... .
.North America......
Hanover................
Capital Surpl’s Loans.
Specie,
Legáis. Deposits,
$1,900,6 $14,040,0 $2,570,0 $1,310,1 $14,270,0
2,060,«" 2 ,100,8 15.141.0 2.630.0 3,280, 18.044.0
2, 000,
1,060,9
2.582.8 1,552, 14.488.8
2.000. 2.087.6 12.084.0 1.392.0 1,831, 9.376.0
1
9.467.0
1.600.1 2.697.2 20,158.6 3.515.6 3,963, 24.931.8
1.000.
1
821,
246.6 4.057.0
4.131.0
348.0
1,000,1 8.746.8 72.086.3 17.310.0 13,446,
97.765.9
760.1
335.1 2.860.1
120,8 2.906.4
408.5
300.1 7,454," 24.900.3 5.124.3 4,841, 27.155.1
600.1
651,
180,
939.3
5,105,
5.862.7
1, 000,1 1,663,
703.8 1.299.1
6.132.7
7,015,
300.1
329,
169,
203.5
1,042,
1.341.7
400.1
270,(
228,
2.305.0
310.0
2.080.1
200,(
214,
163.4
902,3
113,7
906,;
600,0
858.1
489.8 3,120,:
3.068.1
223.6
800,"
312,:
2.285.0
321.7
90,5 1,803,
1.200.1
608.:
495.7 3,195,
220.9
2.605.1
6.000. 2.480.8 25,466,< 3.108.0 2,722,( 20.339.0
1
6.000. 3.559.0 24,870.! 2.247.0 3.181.1 20.092.9
1
1, 000,1 1.634.2
629,<
6.204.9
6.439.1 1.061.1
1, 000,0 1.080.0
9.497.1 1.054.1 1.897.1 10.572.9
660, < 2.887.4
422,7
466.4 2.315.4
385.0
1,600,0
858.2 15.670.5 3.518.6 1.982.1 18.501.4
460.0
988.0 6.289.0
6.482.1
736.0 1,055,'
200.0
605.1
250.8 1.668.7
2.460.2
195.0
700.0
554.4 10.507.8 1.666.5 1.745.1 12.536.2
1,000,0 2.196.0 25.603.3 5.607.7 4.346.1 33,430,6
I r v i n g .. ............. .....
600.0
359.0 3.025.0
318.9
601,(
3.154.0
Citizens’ ...... .
600,0
407.0 2 .688.1
299.5 2.940.5
394.7
Nassau...............
600,0
264.3 2.465.4
171.4
626,9 3.133.1
Market A Fulton..
900.0 1.021.1 6.640.2
909.8 5.849.6
697.4
Shoe & Leather.... 1, 000,0
159.5 3.877.2
616.1 4.340.9
545.1
Corn Exohange___ 1,000,0 1.314.0 9.496.8 1.589.3 1.307.0 10.914.5
Continental............ . 1,000,0
204.1 5.142.5
974.0
917.6 6.363.3
Oriental ..............
300.0
406.3 1.790.0
175.5
412.6 1.831.3
Importers’ A Trad’ra 1,600,0 6.715.1 24.764.0 4.574.0 3.214.0 26.647.0
Park ................ .
2, 000,0 3.265.7 35.836.9 9.487.5 6.075.0 47.111.0
East River...... .
146.4 1.294.9
260.0
176.4
260.7 1.338.5
Fourth...............
3.200.0 2.056.7 24.946.8 4.876.6 2,602,8 27.047.1
Central. . . . . . . . . . .
1, 000,0
619.1 9.129.0 2.086.0 2.657.0 13.062.0
Second.....................
300.0
689.9 6.546.0
961.0
668,0
6.347.0
Ninth............... ..
282.4 3.429.1
760.0
560.5
738.0 4.106.0
First...................
600.0 7.012.9 28.365.8 4.193.9 4.009.2 29.078.3
N. Y. Nat’l Exch’ge.
63,4 1.377.6
300.0
190.8
236.3 1.371.2
Bowery..............
618.8 2.962.0
260.0
946.0 3.812.0
431.0
New York County..
434.2 2,801,4
200,0
731.1
365.5 3.695.7
German American..
760.0
285.7 2.852.0
278.4
434.1 2.712.9
Chase................
1,000,0 1.037.3 24.197.1 6.145.7 4,637,6 32.797.6
Fifth Avenue......___
100.0 1.113.8 8 .202.1 1.711.2
813.2 9.694.6
'German Exohange..
200,0
570.7 2,425,2
163.4
729.9 3.288.4
Germania................
711.4 3.428.8
200,0
499.1 4.394.7
567.0
Lincoln...................
646.1 6.659.7
300.0
994.0
880.4 6.379.5
■Garfield...................
200.0
810.3 5.159.6 1.043.8
824.1 6.523.3
Fifth.......................
812.1 1.848.7
200,0
380.9
214.6 2.154.9
Bank of the Motrop.
816.8 4.827.1 1,048,6 1,184,8 6.530.7
300.0
West Side............
200.0
341,1 2.330.0
240.0
402.0 2.491.0
Seaboard....... ......
500.0
824.8 8.961.0 1.595.0 1.250.0 11.024.0
Sixth.......................
343.6 1.767.0
200.0
195.0
182.0 1.491.0
Western...............
2.100.0
587.8 24,889,7 2.946.0 5.846.1 80.517.7
First Nat. B’klyn...
300.0
957.5 5.153.2
714.3 1,087,0 5.648.4
Nat. Union Bank... 1, 200,0
786.6 12.625.5 2.656.9
858.9 13.829.1
■Liberty...... ............
500.0
290.8 3.006.0
344.4
62», 4 3.234.7
N. Y. Prcd. Exoh’ge. 1, 000,0
814.6 4.026.9
595.5
431.9 3.728.5
Bk.of N. Amsterdam
260.0
277,5 2,590,6
461,3
332,0 2,868,3
Total
----- 59,022,7 74.271,2 625,865.7 1130928 103.137.7 T22 484,2
$ 2 , 000,0
Bid.
Ask.
SECURITIES.
Bid.
Ask.
Tennessee—6 s, old........ 1892-1898
6 s,
w bonds..........1892-8-1900
Do
New series... .1914
Compromise, 3-4-5-6S..........1912
New settlement 3s...............1913
Redemption 4s......................1907
Do
4%s..................... 1913
Penitentiary 4%s................. 1913
Virginia funded debt, 2-3S....1991
6 s, deferred t ’st reo’ts, stamped.
Missouri—Fund..............1894-1895
North Carolina—6 s, o ld ...........JA J
Funding act...........................1900
New bonds, J A J ........ 1892-1898
Chatham R R ..................................
Special tax, Class I ..................... ’
Consolidated 4s.................... 1910 104
6 s............................................. 19 1 9 125
South Carolina—4%s, 20-40 ..1 9 3 3 103
1 0 2 % 10*4 ! 6s. POD-fund___ ___
1888
87
90
70% 71%
Reports of Non-Member Banks.—The Clearing-House now
also publishes returns for non-member banks. Statement of
averages for week ending Jan. 29, 1897, is as follows:
BANKS.
(00s omitted.)
N e w Y o r k Ci t t .
Astor Place.........
Clinton............ .
Colonial..............
Colombia..............
Eleventh Ward...
Fourteenth Street
Franklin National
Gansevoort......... .
Hamilton....... ...
Hide A Leath. Nat
Home. .................
Hudson River......
Mount Morris......
Mutual......... ........
Nineteenth Ward.
Plaza.................. .
Riverside............. .
Standard National.
State......................
Twelfth Ward......
Twenty-third W’d.
Union Sqnare........
Yorkville..............
Br o o k l y n .
C
api S r
u
tal. plu
s.
Deposit, with
Legal
Loans&
Tend’r Clear, Other m t
Invisi
&B’k ing
De
ments. Specie, Kotes. House Bks. & posits.
'Brust
Agent. Go’s.
$
$
250.0 355.6 2,324,3 159.7
300.0 29.4 848.8 44.6
100.0 48.6 582.9
6,9
300.0 185.8 1.857.1 125.7
100.0 112.6 996,1 63,2
100,0 44.1 807.9 18.9
200,0
31.2 500.0 80,0
200,0
8.4
24.3 700.6
200,0
84.5 1.236.5 48.6
500.0 144.6 1.937.7 266,3
100.0
81,8 441.4 88.7
200,0 186.8 1.047.0 37.0
250.0 » 2,0 1.319.6 75.4
880.9 19.1
200.0 94.7
100,0
22.3 625.0 42.6
100,0 105.7 1.087.2
9.1
100,0 94.3
657.5
6.5
200,0 27.8 441.0
17.2
100,0
65.0 1.522.0 53.0
200,0 148.7 1.086.0 20.4
100,0
42.8 678.4 22.8
200,0 269.9 1.976.1
73.6
100,0 114.5 1.138.3 84.1
Bedford...... . . . . .. . 150.0
Broadway............. 100.0
Brooklyn.............. 300.0
Eighth W ard...... 100.0
Fifth Avenue........ 100.0
Fulton..............
200,0
Kings County....... ; 150.0
Maaufaot’rs’ Nat’l 252.0
Mechanics.. ... ... 500.0
Meoh’s’ A Tradr’s’ 100.0
Nassau National.. 300.0
National City........ 1 300.0
North Side........... 100.0
People’s................. 100,0
Queens Co. (L.I.C.) 100,0
Schermerhom..... 100,0
Seventeenth Ward 100,0
Sprauge NationaL. 200,0
Twenty-sixth W’d 100,0
Union.................. 100,0
Wallabout............ 100,0
O t h e r Cit ie s .
1st Nat., Jer. City. 400.0
Hud. Co. Nat, J. C. 250.0
2d Nat., Jer. City.. 250.0
3d Nat, Jer. City.. 200.0
..st Nat., Hoboken. 110,0
2d Nat., Hoboken. 125.0
Bank of Staten Isl. 25,0
1st Nat.,Staten Isl. 100.0
110.3
115.7
165.3
31.0
51.2
180.9
78.9
398.6
426.9
189,2
581.6
574.4
108,1
106,0
117.6
58,8
66.2
220.5
51,2
48.1
31.5
730.9
507.4
393,1
165.5
409.«
82.7
42.6
71.6
960.9
1.306.0
1,004,9
275.5
452.7
854.5
606.8
1.228.2
1.705.8
880.1
1.641.0
1.412.0
733.4
762.1
1.685.6
445.4
403.7
1.045.6
399.4
268.9
485.2
30.2
22.3
70.8
103.0
73,7
12t>)4
30.0
54.2
43.6
31.6
61.7
74.0
91.7
117.1
95.0
85.7
43.1
57.4
28,0
112,0
79.3
215.6
79.1
35.8 42.7
32.4 182.2
71.7 83.4
10,6 18,0
20.5 18.7
59.2 45.6
35.5 26.5
244.8 296,1
104.0 11», 9
50.2 33.9
321.0 243.0
132.0 406.0
10.9 60.9
35.2 23,»
104.1 113,8
41.2 11.4
8.2 36.2
86.5 16.5
7.9 18.7
16.4
8,2
12.6 35.1
3,702,8 154,3 195.7
2.016.7 95.8 53.2
1.442.8 62.3 61.9
703.2 29,1 58.9
1,494,6 104,8 26.6
678.9 38.8 32.5
421.7 18,6 13.8
586.0 17,7 26.3
459, 160,0 2.729.0
44,:
662.5
104.1
702,7
124,- 127,7 1.973.3
234.1
1,272*6
101.3
1.005.4
76.0
460.0
71.1
*3,6 493.5
95.0
1,239,6
122.1
1.394.5
53.5 27,7 548.0
185.0
1.075.0
83.2 5*i,7 1.582.3
122.4 13,6
834,4
112,6 64,0
865.0
263.4
1.069.0
63.7
641.2
66.2
4
330.1
43.0 125,0 1.675.0
155.0 62,4 1.417.1
58.1 91,8 844 7
355.8
2.464.4
167.5
1.247.0
101.3 85,0 1.065.0
119.8
1.500.0
396.3 2*3,5 1,288,8
32.8
1,0
212.3
53.6
7,2
307.4
82.9
732.1
109.6
602,0
570.8
2.900.5
163.7
2.535.3
95.8 33.0
887.5
593.0 70.0 4.051.0
401.0 115.0 3.112.0
81.7 439,9 1.142.5
57.4 17,7
763.4
467.9 150,3 2.342.5
108.1
465.5
103.6
4.5
389.2
150.0 10.0 880,0
27.9
1.5 367.2
37.4 22,5 212,8
40,6
2.6
449.3
607.8 513,7 4,820,2
212.7 343.1 2 .062.0
668.0
1.533.4
240,6 20*i,2 977.8
l i e ,8 814.1 1,545,0
75.5 16»,4 832.7
98.3
7 511.9
58,0
539.7
12
Totals Jan. 29... q,2 ,08522.7 S9¿>9SS 3323,6 4,034.1 9 1 ,2 3,242,805,0 853
,0 3 .
Totals Jau. 22... 0,212,0 8522.7 S ,q 8 3393 4 ,ns,7 8,438,7 3,142,1 05,368,8
,1
q q ,4
Totals Jan. 15... q,2 ,08j22,7 Ó O .73364 # 4,483,4 378,4 0 0 67, 115.0
12
I.C P
4 .0
F o r p r ic e s o f b a n k s to c k s (fo r m e r ly g iv e u on th is p a g e ) a n d
s u m m a r i e s o f t h e w e e k l y r e t u r n s o f t h e b a n k s in N e w Y o r k C ity *
i r h i i a d e lo h ia a n d B o s t o n , s e e t h e t h i r d p a g e p r e c e d i n g ,
an
THE
278
tflfS i'O iV
t H
( V o l . LX\ I.
C H R O N IC L E ,
1ND HAIiTiiUOKe ìÌfOOK. läA-OtiANtf E».
Bales
of the
Week,
Friday,
Feb. 4 1 Shares.
f
Share P rices — n o t Per C en tu m Prices.
A ctive S to c k ».
K indicates unlisted.
Saturday
Jan. 29
Monday,
Jan. 31.
Tuesday,
Feb. 1
4
13*4 13 > 13k 13k
13
Aten. T. A S. Fe. (Boston).100 13
16
15 k 15k 16
Baltimore & Ohio (Balt.). 100 -1 2 k 14
70
69
70
69 k *69
*69
Balt. City Pass’ger “
25
23 k 24
23 % 24
Baltimore Consol.
25 23 k 23%
24
24
BaltimoreConsoLIT(Phil.). 25 2 3 k 23% 23 k 24
224 224k 224.
Boston & Albany (Boston) .100 224 224
223k
2V4 224 *224
Boston & Lowell
"
100
l 6 7k 167k
168 168
Boston & Maine.
‘‘
100 169 169
*9k
*934 ......
Central of Mass..
“
100 *9k 10
MS
*55
57
Preferred........
‘
100 *55
9 9 k 100k l o o k ib*i” 100k 100k
Ghlc.Bur. A Quin.
“
100
5k
f f i . M i l . A St. P. {Phil.). 100 95% 95% 9 6 k 96 k 9 l k 96k
I
Hk
11
i lk I lk
hoc.Okla AGulf
“
50 11
3 1 k 31%
3
Preferred.........
*
*
50 3 1 k 3 1 k 31
99
9*k 9 9 k 9 9 k 99k
99
Fitchburg pref.. (Boston). 100
2 4 k 24k
Lehign "Valley.. (Phila.). 50 ? 4 k 2 4 k 24 k 24k
Metropol’n Str’tlT
“
100 145% 145 k
*5k
6
6
*5k
6
*5k
Mexican Gent’l (Boston).100
» e w England....
“
100
90
87
89
88 k *88
Preferred........
100 *85
80
80
81
*79
Northern Central (Bal .>. 50 *78k
28
28k
2 8 k 28k
Northern Paoiflo (Phila.) 100 2 7 k 28
6«% 67 k 63k
68 k
Preferred
*
100 67 k 68
190
193 193
191 191
Old Colony. . . . (Boston). 100
59
59 k
59 k
*Pennsylvania. -. (Phila.) . 50 5 8 k 58% 59
82
82
82
82k
Philadelph. Trao.
**
50 81% 82
Reading C o ......
50 l i k e H k I l k « I lk ,. H k 117i
35
35k
Union Paoiflct.. (Boston) .100 33% 34k 3 4 k 35k
15 k 16k 1 5 k 1 5 k
Union Traction..(Phila.). 50 157s 16k
t l is c e ila n e o u a S t o c k s .
138k
Am.Sug’r Refln.H (B oston).... 137 138k 1 3 7 k 139 *114 138k
115
*114 114k 114k H 4 k
Preferred........
“
„
266 267k 268 268
Bell Telephone..
100 268k 267
ltO 164k 1 6 4 k 167
Boat. & Montana.
“
25 157k 159
26
28k
Butte A Boston.!
“
25 2 5 k 75 k 2 5 k 26 k 501 k 501
Calumet A Heola
“
25 499k 499k 499 k 500
*70
CantonCo . . . . . . . (Balt.). 100
55k 56
Consolidated Gas
“
100 5 4 k 5 4 k 5 4 k 5 5 k
Dominion Coal. (Boston). 100 2 2 k 22 k 2 2 k 22 k 26” 22k
26
2 5 k 26 k
Elec.Stor. Bat’yll {Phila.). 100
2 9 k 29 k
Preferred fl
“
100
72*» 72k 72 k
72
Erie Telephone.(Boston). 100 *7 l“ '7 2 ”
3 6 k 36 k
37
36k 37
General Eleotrio.
“
100 *36
90
90
89k 89 k *88
Preferred. . . . .
100 *89
55 k 5 5k
55k 5 5 k 55k
Illinois S teel. . . .
“
100 54 k
*22
22k
-2 2
22 k
22
LamsonStoreSer.
“
50 22
42
*41
42
42
4 1 k 4 'k
Lehi’h GoalANav. (Phila.) 5(
N. E. Telephone (Boston).IOC *130k 1 3 ' k 129k 131k '129
21k 21k 21k 21k
21k 2 l k
Pa.Heat,L.&Pow(PAi(aJ----108k 108k 1 0 7 k 1 0 8 k
Unit’d Gas Imp.IT
M
50 10 i k 108
39
39
Welshach Light 1
1 “
*ik " lk
* lk
Ik
lk
* lk
West End Land..(Boston)..
ITBoston tel
ade.
* Bid and asked prices; no sale was m
Inactive S tocK «.
Prices o f February 44
Atlanta & Charlotte (Balt.).100
Boston A Providence (Boston).'00
Si
100
Boston Elevated.......
Oatawlssa..— ------...{P h ila .). 60
■<st preferred. . . . . . .
“
50
Central Ohio........
{Balt.) 50
ChieaKO & West Miob.i Boston). 100
Oitiz’ns St. Ry.of Ind.U ( Phila.) 100
Conneetlout 01 Pass.. (Boston) -100
Connecticut R iv e r....
“
100
Consol. Tract.of N. J.1T{Phila.) .100
F lin t* Pers Marq. . . ( Boston) .100
“
100
Preferred........ .
Georgia Sou. & F la .. (Balt.) .100
1st preferred.. . . . . .
"
100
2d preferred
“
100
Hestonvlile Passeng. (Phila.). 50
Preferred If.............
“
50
Hunt. & Broad Top...
“
50
Preferred................
“
,5 0
gar). C’y FLB. & Mem. {Boston). 100
P r e fe r r e d ...........
“
100
Little S ch uylkill...... {Phila.). 50
Maine Central.......„(B oston ). 100
Min« Hill & B.Haven.CPAiia.). 50
Nesqnehonlng V a l. . .
“
50
North Pennsylvania.
“
50
Or.Sh. Line all asst.pd(Bosion/. 100
Pennsylvania A N. w . (Phila.). 50
Philadel. A E r ie ......
*
50
West End....................(Boston). 50
Preferred. . . . . . . ...
“
50
United Cos. o f N. J .. (Phila.).100
West Jersey A Sea 8h. “
50
Western N.Y. A Penn “
100
Wisconsin Central...(Boston).IOC
Preferred..............
“
100
Woro'8t.Nash.ARooh. “
100
MISCELLANEOUS.
Bid.
Ask.
13
13
16 k 16k *17k 18
70
7 1 k 7 2 k 74%
23k 24
23 k 23k
23 k 23 k 2 3 k 24
224 224
224 224
170 170
* 9 k ........
55
55 k
99% 100k
96
95k 957« 96
10% 11
ilk
ll
307 3 1k 30 k 3 1 k
8
99k 99*4
25
25
2 5 k 25
147 148
*5k
6
13k 13k
*l5 7g 16k
6 9 k 70
23 k 23 k
23k 23 k
223 225
223 225
168 ........
* 9 k ........
*55
.......
100 lo o k
*95k 95k
Ilk ilk
31k 3 lk
99
99
24 k 25
*5k
*87
*80
27k
67 k
192k
59
82
Ilk
S5k
15k
6
89%
90
*80k
82
27k
27k
67 k
68k
192k *190
59
59k
82
82k
I lk
Ilk
35
36k
1 5 k 15 k
90
8 lk
27k
67 k
137k
113k
268
172%
27k
507
*70
. 55k
19 k
24k
138
114
268
177k
28k
52i
80
55 k
20
24 k
137%138
114 114k
268 268
167 173
27k 28k
507k 508
*70 ....
5 5 k 55k
21 k 2 1k
2 5 k 2578
73
*72
36% 37
5 5 k 55 k
*21k 22
42
42
130 130
21
21k
107% 108k
38 k 38k
lk
Ik
jgram not
Bonds.
59k
82
I lk
35k
15 k
1 2 k Jan.
12% Jan.
66 Jan.
23 Jan.
23 Jan.
2 19k Jan.
219 Jan.
112 167k Jan.
9 Jan.
60] 54 Jan.
7,537 97 Jan.
1,400 93 Jan.
9 8 Jan.
1
6,522
6,433 27% Jan.
95 S8 k Jan.
1,447 2 3 k Jan.
125 130k Jan.
5 k Jan.
24 13 k Jan.
11! 1 k Feb.
4 74% Feb.
17| 24 Jan.
8 24 Jan.
3 22 k Jab.
4 225 Jan.
3,171k Jan.
I 4I 9 k Jan.
3 56 Jan.
24102 Jan.
4] 9 7 k Jan.
4 I l k Jan.
4 ! 317g Jan.
3 1 0 0 J an.
22| 26 k Jan.
3,146k Jan.
6 k Jan.
24
7
ft
4
31
31
31
22
7
IO
28
12
12
31
27
ft
3
23
12
80 Jan.
76 k Jan.
2 0 k Jan.
58 k Jan.
187 Jan.
57 k Jan.
7 8 k Jan.
10#i* Jan.
2 5 k Jan.
1 2 k Jan.
10 91 Jan.
14 80 Feb.
4 28% Jan.
5 63% Jan.
13 193 Jan.
4 5 Jk Jan.
3 82% Feb.
24 l l % Jan.
4 3«% Feb.
3 16 k Jan.
24
734
69
9.545
6,818
16
'"59k '59 k 17,36*
7.820
82%
81k
I l k i l k 24,874
14,82
1 4 k 15k 30,234
spai 135 k
si 112
75
*70
54% 55
Ask.
Hig>
Lowest.
"” 567
59
1,594
6.574
3,036
34
17
*77k 7 8 k
27 k 27 k
63
68k
*24k 25
""27k 29
73
*72
37
37
90
*89
55
55
*22
22 k
*41k 42
*4 lk 42
131 131
21k 21k
2 ik 2t%
108 108k
107% 108
38
33
38
38
* lk
lk
eceived—wi res down.
Bid.
Bange o f sales in 1893
S5Í 262
17,700 149k
33,6*0 23%
111 489
1
31
31
31
31
4
ft
2
23
Jan. 17 144k Jan. 7
Jan. 17 116k Jan. ft
Jan. 4 272k Jan. 14
Jan. 4 177k Feb. 3
Jan. 15 23k Feb. 2
Jan. 3 52 L Feb. 3
52% Jan. 10 57% Jan.
l » k Feb. 3 24 J»n.
24 k Feb. 3 29% Jan.
10 28 k Jan. 21 3 ä Jan.
362 70 Jan. 24 72% Jan.
1 ,4 6 ’ 3 4 k Jan. 15 3 7k Jan.
10 84 Jan. 3 90 Jan.
1,818 48 Jan. 3 55 k Jan.
30 2 0 k Jan. It 22 k Jan.
140 41 Jan. 2« 4 3 k Jan.
93 127 Jan. 3 13 k Jan.
4,849 18 k Jan. 3 24 k Jan.
11,060 9 » Jan. 11 104% Jan.
183 38 Jan. 17 42 Jan.
lk J a n .
1 Jan. 13
200
! Trust reo.,all instai paid.
1,531
1,583
635
Bonds.
73
Boston United Gas, 2d m. 5s—1939 I 71
Burl. A Mo. River Exempt 6s, JAJ «119 ........ :
........
Non-exempt 6 s ....... 1918, JAJ «108
Plain 4s........................ 1910, JAJ § 97 ........ :
61k
Gen. mort.*4 g —.....1 9 2 0 , AAC
Ohio. Burl. A Nor. 1st 5,1926, A AO §108 108 k
2d mort. 6 s . . . . . . . . —.1918,.7AD flOOk ....... : •alia A Read. 2d, 5s. ..1933, AAC
Consol, mort. 7 s......1 9 1 1 , JAD
22 k Ohio. Burl. A Quinoy 4s .1922, FAA k 99% 100
Consol, mort. 6 g —....1 9 1 1 . JAD
Iowa Division 4 s ..—. 1919, AAO flOOk
Ext. imp. M. 4 s, g., 1947. .AAO
Chio.AW.Mieh. gen. 5s, 1921, JAD §........ 68
25
26
Con. M .of 1882, 4s.__1937, JAJ
65
Consol, o f Vermont, 5s. 1913, J&J § 63
Terminal 5s, g —
1941, Q.—F,
80
Current River, 1st, 5s..1927, AAO § 70
»Ml. Wilm. A Balt., 4 s .1917, AAC
79
Det.Gr.Rap. A W .,lst 4s,1946. AAO § 78k
46 k 17
_»itts. C. A St. L., 78— 1900, FAA
Eastern 1st mort 6 g,1906,M AS.. §119
mw
mt
.
lTee,Elk. AM.V.,1st,68.1933, end. §136 m m Reading Co. gen. 4 s ...—1997, JAJ
"Unstamped, 1st, 6s, 1933............ §136
30 k
8Ô
87 k K.C. C. A Spring.,1st,5g.,1925,AAO § 7 2k 103
Union Terminal 1 s t5 s .......F A A
K O. F.S. AM . eon.6s, 1928, MAN §102%
57
29k
K.C. Mem. A Bir..l8t,2s,1927, MAS
§121
K.
C. St. Jo. A 0 . B ., 78-1907, JAJ
Baltimore Belt, 1st, 5s.1990, MAN
L. RookAFt 8 - 1st,78—
1905, JAJ §102 105
Balt. C. Pass. 1st 5s....1 9 1 1 ,MAN
Louis., Ev.ASt.L., 1st, 6g.l926, AAO ilO lk
Balt. Traction, 1st 5s..1929, MAN
2m., 5— g ..— . — 1936, AAO
-6
4.
,
Exten. A Impt. 6s....1 9 0 1 , MAS
§ iïo
Mar. H. A Ont., 6s....... 1925, AAO
No. Balt. Div., 5 s .....1 9 4 2 , JAD
Mexican Central,4 g —.1911, JAJ § 6 6 k 68
5 3 k 54
Baltimore A Ohio 4 g., 1935, AAO
16k 19
; 1st consol.ineomes, 2 g, non-oum.
Pitts. A Conn., 5 g.—.1925, FAA
5
6k
2d consol. Incomes, 3s, non-oum.
58
57
Staten Island, 2d, 5 g.1926, JAJ
N. Y. A N.Eng,, 1st, 7s,1905, JAJ* §119 119k
54 k
Receivers’ certificates, 6s..JAD
§113 113k
97
Do. Maryland Construo., 5s........
100
24% Ogden. A L.C.,Con.6s-.1920,AA 0 j 94
Do. Pittsb. A Connells., 5s..JAJ
— ..1920
Ine. 6 s ............
Do. Main Line 5 s . .. . . —. . . . . . -■
Ru tland, 1st,6s............1902,MAN §iÖ6k
Bal.AOhlo S.W .,lst,4kg.l990, JAJ
84% | 2d, 5 s ........................ 1898,FAA § 9978
i
OapeF, AYad.,Ser. A ,,6g.l916, JAD
Cent. Ohio, 4 k g ........1 9 3 0 , MAS
108
. . . . . . Cent. Pass., 1st 5s__ ..1932, MAN
Buffalo Ry. con. 1st, 5s.......... 1931
City A Sub., 1st 5s........ 1922, JAD
Catawissa, M - 7 s ..— 1900, FAA
Chari. Col.AAug.ext.5s. 1910, JAJ
110
Choo. Okla. A Gulf, prior lien 6s..
91
91k Col. A Greeny., 1st 5-6s.1917, JAJ
Georgia A Ala.,lstpf. 58.1945, AAO
79 . . . . .
Ga. Car. A Nor. 1st 5 g —1929, JAJ
Georgia Pac., 1st 5-6s.-l& 22, JAJ
ib i
..... Geor. So. A Fla., 1st 5 s ..1945, JAJ
North. Cent. 6 s ..— . . —1900, JAJ
6s...............— .............1904, JAJ
109
Series A , 5 s ...— ....1 9 2 6 , JAJ
83k 83k
4 k s .............................1925, AAC
120
115k ..... Pitts. A Connells. 1st 7s.1898, J A.T
105 ........ Pitts. United Trao., 5s...1997, JAJ
SoatUern, 1st 5s__. . . . . . 1994, J&J
Virginia Mid., 1st 6 s ...1906, MAS
81
80
2d Series, 6 s .... —. . —.1911 MAS
! 114
3d Series, 6 s ..— — 1916, MAS
HO
4th Series, 3-4-5s.— 1921, MAS
104
General mort. 4 k s, g -1924,w5th Series, 5 s .........1 9 2 6 , MAS
96
103 ....... West Va. C.&P. 1st, 6 g .1911, JAJ.
Wilm. Col. A Aug., 6 8 -1910, JAP
134
MISCELLANEOUS.
117
112%
110 110k Baltimore Water 5s...1916, MAN
154 155 ¡Newark Passenger, con. 5s.
Funding 5s—
.....1 9 1 6 , MAN
112
Exchange 3 k s .........—1930, JA.
1 1 6 k ........
2 4 k .......
r 1 3 1 k ........ Virginia (State) 3 s,n ew .l9 3 2 , JA.l
54
Funded debt, 2-3s....... 1991, JAJ
r 118 1----Consol. 6s, o
ChesapeakeGa4.6s
.1900, JA1
123
Consol, fts, r
93
Consol. G a s ,"s —
— 181^, JA!
1 109
CoHst.’I’r, 4 k
61k
) 121 ! ......
91k! Pa. A N. Y. Canal, 7s...1906, JAD
A Uouez Min’g, asstpd(Boston). 25
Amer.Ry. El. Light.. (Phila.).......
Atlantic Mining........(Boston). 25
Bay State Gas H
i——. .
“
Boston L a n d .........
“
Centennial M ining...
“
Fort Wayne Elect.H..
“
2
i
Franklin M ining...—
“
Frenohm’n’ sBay L’ d.
“
Kearsarge Mining.. . .
“
M arsdenO o............. (Phila.)
Mergenthaler Linot..(Boston). 100
Osceola M in in g...... “
,25
Pullman Palace Car. “
100
Pennsylvania Steel.. (Phila.).100
Preferred IT
..............
“
100
Quinoy Mining.-r 4
.-—(Boston). 25
amaraek M ining..— “
w ater Power.............
Westdngh. Else. AM ..
Pref., cumulative.
“
B o n d s —B p * t o n —Fe&.3 .1
At. Top. A S. F. general g. *s, 1995
Adjustment g. 4s, 1995.
Boston nu1t«d G as?«***
U Unlisted. § And accrued interest,
* Price includes overdue coupons.
Thursday,
Feb. 3.
Wednesday,
Feb. 2.
10
3
10
10
58
18
29
2ft
7
28
20
27
4
3
Bid Asfc
107 109 k
102 - 102i%
102
120
lo 7 ___
127
132k
124
103% 104
10378 __
—
118 k>
107'
86k
96
108
87
__
120k
86
115
115k
107 108
H 6 k ;1 1 7 k
104
65
101
99
70
100k 100%
9 7 k 100
74 I 7 5 k
l l l k 111k
115
109 109 k
116% 1 1 7 k
104 105
94k1 94k
119k 121
104 1 0 4 k
106
111
118
110
100k
102k 1 02k
111
119
118
98
107
JL10
118
107%
liOk
122 123
106
80k 8 0 k
71
71k
105
118
110 1 10k
t Boston telegram not received on account of break in wires.
THE
F e b r u a r y 5, 1898, J
279
C H R O N IC L E ,
NKW YORK STOCK EXCHANGE PRICES (Continued)— A C T /r f f BONDS I E B . 4 AND FOR Y E A R 1 8 9 8 .
R a i l r o a d AMD
Miscellaneous
bosds .
Int’ st Closing Range (talee) in 1893.11
Pinete,
Period Feb. 4.
Highest. I
Lowest
R a il r o a d a n d
M is c e l l a n e o u s B o n d s .
OlosinQ
I Int’st Price Range (salee) in 1898.
Period Feb. 4.
Lowest I Highest,
106 Feb. 109 Jau.
Louts. N. A. A Oh.—1 st,6 s .1910 J & J 115 a.
▲mer. Ootton Oil, deb., 8 g. 1900 Q—F 106
75*4b. 74 Jan.
98*3 Jan.
75 J an.
95*4 Jan.
Manhattan consol. 4 s . .. . . 1990 A A O 93
▲mer. Spirit Mfg., 1st 6g.l915 M A S
84
82 Jan.
84*8 Jau.
Metro. Elev.—1st, 6 g . ...1908 J A J 118*2b. 118*8 Jan. 118% Jan.
Ann Arbor.—1st,4s, g-.--.1 9 95 Q - J
A A O 93%
M A N 105 b. 104*4 Jan. 105 Jan.
89% Jan.
94 Feo.
2d,6s....................... ....1 8 9 9
At.T. AS.F.—New gen. 48 .1995
57 °8 Jan.
61*4
61*3 Feb. Metrop.St.,gen.col.tr.g.5s.l997 F A A 113*8 113*58 Jan. 116*4 Jan.
▲uiastment 4 s ............ ...1995 Nov.
122 Jan. 122*2 Jau.
Mich. Cent.—1 st,cons., 7 s.1902 M A N 114*sb. 114% Jan. 123 Jan.
B’ way &7tb A v.-lst. oon.g.5s’43 J A D
Consol., 5 s .... ...........1 9 0 2 M A N 106*2b. 106*4 Jan. 106*4 Jan.
Brooklyn Elev. 1st, 6 g ....1924 A A O ! 85*2 183 Jan. t 8 d *4 Jan.
106*4 Jan. 108*4 Feb.
Union Elevated.—6 g -.-.1937 M A N t 85*4 183 Jan. 186*2 Jan.
Minn. ASLL.—1st oon.5s,g.l934 M A N 108
95
94 Jan.
95*2 Jau.
93 Feb,
Mo. K. A E.—1st 5s,g., gu ..l 942 A A O 97*«b. 94 Jan.
Bklyn Rap. Trans., % g....£945 A A 0
A D 91*4
91% Feb.
85*8 Jan.
Bklyn.Un.Gas,lst,oon.5g. 1945 J A J 114*3 112*4 Jan. 114*3 Feb. M. K. A Texas.—1 st, 4s, g. 1990
98% Jan. 100*3 Jau.
67*3 Jan.
2d, 48, g ........... ................ 1990 F A A 65*4
63 Jan.
B’ kiynWhrfAW.H—1st,5s,g. 45 F A A 98*8
2
98 Jan.
94 Jan.
97*4
Barf. R. < P.—Gen. g. 5 s. 1937 M A S 104 * b. 101*8 Jan. 104% Jau. Mo. Pao.—1st,con., 6 g .. . . . 1920 M A N
fe
Canada Southern.—1st,5s,1908 J A J 110*8 109% Jan. I l l Jan.
3d, 7s............................. ..1906 M A N 108 b. 107*4 Jan. 109 Jan.
3
Pao. of Mo.—1st, ex., 4g.l938 F A A 103 b. 104*3 Jan. 106 Jan.
2d, 5s................................. 1913 M A S 1 1 0 * b. 108*3 Jan. 109*2 Jau.
113*4 Jan. 119*2 Jan.
2d ext 5s......................1938 J A J 107 *ab. 106*3 Feb. 106*3 FebCent, of Ga.—1st, g., 5 s ... 1945 F A A
91*2b. 91 Jan. 92 % Jau.
St.L.AIr.Mt.Ark. B.,5s.l935 J A D 107 %b. 106% Jan. 107 Jan.
Cons., 58, g .....................194o M A N
Central o f N. J .—Oons.,7s,1899 q - j t 104%b. 1043a Jan. 104% Feb.
1st ext., g., 4*23........... 1947 F A A 107*ab. 109*8 Jan. 110*3 Jan.
93 *4 F eb ,
Consol., 7 s ........ .........1 9 0 2 M A N 113 b.
88 Jan.
Gen. R’y Aland gr.,5g. 1931 A A O 93
J A J £14 *3 110 Jan. 114*2 Feb. Mobile A Ohio—New 6 g ...1927
A D 123 a. 121 Jan. 122 Jan.
General mortgage, 5 g ...l9 8 7
80
Leh.A W.B.,oon.,78,as’ d.l9 0 0 Q—M 102 b. 100 Jan. 102*3 Jan.
80 Feb.
77 Jan.
General mortgage, 4 s.» 1938 M A S
A J 130 b. 130*8 Jan. 131*4 Feb“
mortgake5s.l912 M A N 90 b. 90 Jan. 90 Jan. Nash. Oh. ASt.L.—1st, 7S..1913
114 Feb. 115 Jan.
Am. Dock A Imp., o s . . . . 1921 J & J 114
Consol., 5g........................1928 A A O 103 %b. 103 Jan. 101 Feb.
Central Paoiflo.—Gold, 6 s .1898 J A J
N. Y. Central—Dehtext.4s.1905 M A N I04%b. 103*3 Jan. 10438 Jan.
A J 117 mb. 116 Jan. 11658 Jan.
Exten. 5 g . . . . . . . . . . . . . . 1898 J A J
1st. coupon, 7 s...........1 9 0 3
A A O 120 b. 120 Jan. 120% Jau.
Ches. A Ohio. -S e r.A , 6g..l908
Deben.,58, oonp., 1884..1904 M A S lll% b . 110*3 Jan. 111*4 Jan.
Mortgage, 6 g . . . . . . . . . . . . 1911 A A O 120 b. 120*4 Jan. 120*4 Jan.
N. Y. A Harlem, 7s, reg..l900 M A N 109 *4b. 109*8 Jan. 104*8 J a n 114 Jan. 116 Jan.
le t consol.,5 g .............1 9 3 9 M A N 116
R.W. A Ogd., consols, os.1922 A A O 122*« 121% Jan. 123 Jan.
81*8 Jan.
84 Feb.
General 4*ss, g ............. ..1992 M A S 83%
West Shore, guar., 4 s....2361 J A J 109*8 109 Jan. 110 Jan.
J A J .104% 103*8 Jan. 105 Jan. N. Y. Ohio. A St. L.—4 g ...l9 3 7 A A O 107 b. 106*8 Jan. 107*3 Jan.
R.A A .D lv., lstoon., 4 g.l989
“
2d con .,4g.. 1989 J A J 93 %a. 93*8 Jan. 93*8 Jau. N. Y. Lack. A W.—1st, 6 s .. 1921 J A J 138 b. 138*3 Jan. 138*8 Jan.
Ohio. Burl. A Q.—Con. 78 .190 3 J A J 116*4 115*4 Jau. 116*4 Feb.
Construction, 5s............. 1923 F A A 11913 a
Debentnre, 5 s .................. 1913 M A N 107% 106 Jan. 107% Feb. N. Y. N. H. A H.—Con. deb. otf s. A A O
145 Jan. !
Convertible 5 s ............... 1903 M A S 1 1 0 % 110*2 Jan. 112 Jan. N.Y.Ont. A W.—Ref. 4s, g.1992 M A S 101*4
97*8 Jan. 101*3 FebDenver Division 4 s . . . . . .1922 F A A 99 b. 100*2 Jan. 101*2 Jau.
Consol., 1st, 5s, g ....... ...1 93 9 J A D 107*8 107*4 Jan.
99%
3
98*3 Jan. 100 Jau. N.Y.Sus.A W. 1st ref., 5s, g.1937 J A J 109 * a. 103 Jan.
Nebraska Extension, 4S.1927 M A N
95*3 Jan.
Han. A St. Jos.—Cons.6s.1911 M A S l 2 2 *sb. 122*8 Jan. 123 Jau.
Gen. 5 g ..........................1940 F A A 96
87 Jan.
Ohio. A E. 111.—1st,s. f. 6 s. 1907 J A D 116 b. 116*4 Jan. 116 > Feb.
2
Midland of N. J., 6 s, g. ..1910 A A O 118 b. 120 Jan. L21 Jan.
Consol. 6 g ... . . .. . . . . . . . . .1 9 3 4 A A O 129 b. 129 Jan. 130 Jan.
82 Feb,
Nor. A W. Ry.—1st, oons.,4g.’96 A A O 82
79 Jan.
General consol.. 1st 5 s.. 1937 M A N 107
101*4 Jan. 10758 Feb. No. Paoiflo—1 st, ooup. 6 g .l9 2 ! J A J 116*ab. 116 Jan. L17*a Jan.
97*8.Feb.
Chicago A Erie.—1st, 5 g.. 1982 M A N 113 b. 112 Jan. 112*2 Jau.
97*3
Prior lien, ry. A l.g. 4, g.1997 Q - J
95 Jan.
623
4
Ohio. Gas L. AO.—1 st, 5 g .. 1937 J A J 106*8b. 105 J an. 106*4 Jau.
63*8 Feb,
60% Jan.
General lien 3 g ....... -....2047 Q - F
J A J 106 b. 104 Jan. 107 Jan.
Oh. Ind. A L.—Ref., g., 58.1947 J A J 85 b. 83 Jau. 85 Jau.
No. Pacific Ter. Co—6 g .... 1938
83 Jan.
Ohio. Mil. A St. P.—Con.7s.1905 J A J ,140*4 138 Jan. 140*4 Jan.
OkioSouthern—1 st, 6 g.,.1 9 2 1 J A D 84 b. 80 Jan.
15 Jan.
1st, South west Dlv., 6 s .. 1909 J A J 120 a. 118*4 Jan. 119% Jau.
General mortgage, 4 g ..l9 2 1 M A N * 18 a. 11 Jau.
4
1st, So. Minn. Div., 6 s .. 1910 J A J 120 * b. 118*4 Jau. 120‘s Jan. Oregonlmpr. Co.—Is t6 g ..l9 1 0 J A D 1112*4 tl03*2Jan. tll2*sF ebJ A J *116 b. 115% Jan. 117 Jau.
A A O 62
lst,Ch.APao.W .Div.5s..l921
146*8 Jan. 162 Feb.
Consol.,5 g . . . . .. . . . . . . . . 1 9 3 9
Ohio. A Mo. Rlv.Div.,5s..l926 J A J 116 b. 114*3 Jau. 114*3 Jau. Ore.R.ANav. Co.—1st, 6 g.l909 J A J 115 b. 112% Jan. 115 Jan.
Wise. AMinn.,Div ,5 g...l9 21 J A J 115 b. 114*3 Jan. 114*3 Jau.
9338 Jan.
96*3 Feb.
RR. A Nav. oonsol., 4 g.1946 J A D 96*4
J A J *115 b. 114 Jau. 114*3 Jan. Oreg. Sh. Line -1st, 6 s,g.. 1922 F A A 125*3 124 Jan. 127*3 Feb.
J A J 106*3 10438 Jau. 107 1 Feb.
Gen. M.
1st, con. 5s, g..1.............. 1946 J A J 100
.
96*4 Jan. 100 Jan.
J A D 122 *ab.
67*a Feb.
67*3
Non-oumul. ino. A, 5 s ... 1946 Sept.
58 Jau.
Q - F 14258b. 144 Jan. 115 Jan.
Penn. Co.—4*ag, c o u p .....1921 J A J
113 Jau. 114 Jan.
J A D 116*4 116*8 Jani. 116% Jau. Peo. Deo. A Evansv .— 6 g.1920 J A J
t99*2 Jan. t99*s Jan.
A A O 117*sb. 116*3 Jau. 117*3 Jau.
Evans. Division , 6 g ....,1 9 2 0 M A S t 99 b,
A A O * 1 1 1 b. 11 L*4 Jan. 111*3 Feb.
2d mortage, 5 g . . . ..........1926 M A N
M A N 117 b. 117*8 Jan. 118 Jan.
Pitts Sh. A L. E., 1st, 5 g. 1910 A A O 108 *4b. 106% Jan. 108*4 Jan.
M A N 109 * b. 110*4 Jau. 110*4 Jan. Pittsburg A Western—4 g . 1917 J A . )
3
77 Jan.
84*3
8 1*8 Feb.
F A A 107
87*8 Feb,
107 Feb. 107 Feb. Reading Co.—Gen., g. 4s .1997 J A J 86*8
83*8 Jan.
Mil. 1,. Sh. A W „ 1st, 6g.l921 M A N *130 b. 136*3 Jau. 137 Jan. RioGr. Western—1 s t4 g ..1939 J A J 85*4
8 5 *4 J an.
81*8 Jan.
72 Jan.
Exten. A im p., 5 g .....l9 2 9 F A A *117 b.
St. Jo. A Gr IsL—2-3-4s.. 1947 J A J f 73 b. 70 Jan.
Ohio. R.I. A Pao.—6s,ooap. 1917 J A J 131 b.
St. L. A San Fr.—6 g, Cl. B.1906 M A N 115*8b. 115 Jan. 115*4 Jan.
Extension and ool., 5s.. .1934 J A J 105*8 105*8 Jau. 106*8 Jan.
General mortgage, 6 g .. 1931 J A J 120 a. 116*4 Jan. 119 Feb.
80-year debenture,5s...1921 M A S 107*8 106% Jau. 107*8 Feb.
General, 5 g .. . . . . . . . .
1931 J A J 10431 103*4 Jan. 104% Feb.
Ohio. St. P. M. A O.—6 s ...1930 J A D 137 b. 134*8 Jau. 138 Jan.
Railroad, 4 g ...................1996 J A J 7513 b. 74 Jan.
75*8 Feb.
76
87
72 Jan.
Ohio. Ter. Transfer.—4 g .. 1947
76*a Feb.
St. L. A So. W
T—1st, 4s, g. 1989 M A N
83*8 Jam. 8 7 1 Feb.
4
30 FebOlev. Lor. A Wheel.—5 s ...1933 A A O 103 * b. 102*3 Jau. 102*3 Jan.
2d, 48, g.,in com e........1 9 8 9 J A J ' 28*3b. 2738 Jan.
G. O. C. A I.—Consol.7 g ...l9 1 4 J A D 135 b. 135 Jan. 137 Jan. St.P.M.AM.—Dak.Ex.,6g,1910 M A N 121*3b. 121% Jan. 122 Jan.
General, consol., 6 g. .i . 1934 J A J 125 b.
lstoon sol .,6 g . . .........1 9 3 3 J A J 128 b. 128 Jan. 128*2 Jan.
96 b. 96% Jan. 97 Jan.
G.C.CASt.L.-St.L.Div.,48.1990 M A N
106 Jan. 108 Feb.
M
reauoedto 4*2 g .. J A J 108
97 Jan.
Peoria A Eastern, 4 s .... 1940 A A O 77%
Montana extension^ g.1937 J A D 97
73 Jan. 78*a Feb.
93*3 Jan.
62*3 Jan.
5938 Jan.
Ool. A 9th Ave. gu. 5s, g ..l9 9 3 M A 8
San. Ant. A A. P.—lst,4g.,ga.’43 J A J 61*3
121*3 Jan. 123% Jan.
97*3b. 95 Jan.
Ool.H.Val. ATc L—Con., 5g. 1931 M A S t 78*sb. t74 Jan. 179 Feb. So. Car. A Ga.—1st, 5 g ...l9 1 9 M A N
97*3 Feb55 b. 54 Jan.
General, 6 g ..............1 9 0 4 J A D
100*4 Jan. 103 % Jan.
55*8 Jan. So. Paoiflo, Arlz.—6 g. ..1909-10 J A J 103
Denv. A RioGr.—Ist,7s,g.l900 M A N 110*4 110*4 Feb. 110*4 Feb. So. Paoiflo, Cal.— 6 «...1905-12 A A O 110 b. 110 Jan. 110 Jan.
95 b. 92*3 Jan.
1stoonsol.,gold, 5 g , . . . . 1937 M A N
96*4 Jan.
1st consol., 4 g ...........1 9 3 6 J A J 95*4
89*6 Jan. 95% Feb.
Dul. A Iron R’ge -1st, 5s. 1937 A A O 106
104 Jan. 106 Feb. So. Paoiflo, N. M.— 6 g . . . . . 1911 J A J 105 b. 105*3 Jan. 107*2 Feb.
935a Feb92 Jan.
DuL So. Sh, A Atl.—5 g ....l9 3 7 J A J 105 b. 105 Jan. 103*8 Feb. Southern—1st eons, g, 5s. 1994 J A J 93 34
E. Xenn. reorg. lien 4-5s. 1938 M A S 100
96 Jan. 100 Feb.
Edison El. 111.—lst,oon.g.5s.’ 95 J A J 112 *3b. 115*3 Jan. 117 Jan.
E.T. V. AG.—1st,7 g ....l9 0 0 J A J 107
Erie—4, g, prior b o n d s....1996 J A J 91%
106*3 Jan. 107 Jan.
90 Jan. 92 Feb.
General, 3-4, g . . . ...........1996 J A J 72*4
Con.5 g ....mm.. . . . . . . . . 1956 M A N 111
110*4 Jan. 111*4 Feb.
70 Jan. 72*4 Fob.
A J 118 b. 118*3 Jan. 118*3 Jan.
Georgia Pao. Ist 5-6s, g.,1922
Erie Ry.—1st, oon„ 7 g ..l9 2 0 M A S 146 b. 148 Jan. 147 Feb.
A J 116 b. 117 Jau. 117 JanL’g Dock, consol., 6 g. 1935 A A O 138 b.
Knoxv. A Ohio 1st 6 s,g.. 1925
Rich. ADanv.oou. 6s,g.,191 > A J 125 a. 122 Jan. 123 Jan.
Ft. W. A Den. City.—4-6 g.1921 J A D
74
70*4 Jan. 75 Jan.
A J 114*3b. 112% Jan. 116*3 Jan.
West.No.Car lstoon. 6 s,g l9 1 4
92 Jan. 94*4 Jan.
Gal.H.ASan.An-M.AP.D.lst,5g M A N
94*4
A A 57 b. 57 Jan.
61% Jan.
Gen. Electric,deb. 5 s ,g ...1922 J A D 10 0 %b. 100*4 Jan. 101*4 Jan.
Standard RopeAT.,lst, 6 g. 1946
Tenn. O I. A Ry—Ten. D .lst, 6 g A A O 86 a. 85 Feb.
85 FebHons. A T. Cent. gen. 4s, g. 1921 A A O 79 b. 78*4 Jan.
80 Jan.
Birmingham Dlv., 6 « ...1 9 1 7 J A J 86*3b. 84 Jan.
87 Jan.
Illinois Central.—4s,g.. . . . 1953 M A N 10 2 * b. 101*2 Jan. 102 Jan.
8
9738 Jan. 101*8 Febs
WesternLines,lst, 4s, g.1951 F A A 104 b. 105 Jan. 105 Jan. Texas A Paoiflo—1st, 5 g..2 0 00 J A D 10034
2 d ,incom e,5 g . . . « . « 2 0 0 0 March
Int.AGreatNor.—1st,6s,g 1919 M A N *122 b. 121% Jan. 123*4 Jan.
34*i Jan.
28 Jan.
33*3
2d, 4*8-58.........................1909 M A S
90 a. 85 Jan. 90 Feb. Toledo A Ohio Cent. 5 g . . 1935 J A J 103 b. 102*3 Jan. 103*3 Jan.
Iow a Central.—1st,5 g .... 1938 J A D
99*3b. 99 Jan. 101 Feb. ToL St. L. ARan.C .— 6 g . . . 1916 J A D 186 b. 86 Jan. t90 Jan.
Kan.C.P.AG.'-lst A ool.g.5s’ 23 A A O * 80 b. 78*4 Jan. 80*3 Jan. Union Paoiflo—6 g . . . . . . . 1 8 9 8 J A J
103 Jan. 103 Jan.
Ext. sinking fund, 8, . . . . 1899 M A S U33
113%Jan. tl3 3 Feb.
50 Jan.
Kings Co. Elev.—Ist,5 g..l9 2 5 J A J * 45 b. 46 Jau.
Collat. tr. 6 s, g. notes... 1902 F A A t 45*8b, 143 Jan. 147% Jan.
Laclede Gas.—1st, 5 s ,g ... 1919 Q - F 104 b. 103 Jau. 105*4 Jan.
New 4 s ................. ...................
95 Feb. 95*3 Feb.
95*
Lake Erie A West.—5 g .... 1937 J A J 116 b. 115*3 Jau. 117 Jan.
Purchase money certs....... ,,
126
111*8 Jan. 126% Feb.
L, Shore.—Con,op., Ist,7s.l900 J A J 10938 107% Jau. 109*3 Jan.
Kan. Pao.-Den.Div., 6 g . 1899 M A N
Consol, coup.,2d, 7S.....1903 J A D 120
120 Jan. 120 Jan.
120 Feb.
119 Jau.
Gold, 3*88.................... .¡..1997 J A D 106*4 1 4 % Jan. 10638 Jan.
1st oonsol., 6 g . « . . « l 9 1 9 M A N t i l l
t84*3 Jan. t 112 Feb.
U.P.Den. A G ulf ,oou.,5 g. 193 9 J A D t 55
Leh. Vai.Ter.—1st, gu., 5s. 1911 A A O * 1 1 1 b. I l l Jau. I l l Jan.
148*3 Jan. t57*3 Jan.
Lex. Av. APav.F.gu. 5a,g 1993 M A 81 *123 a. 121*3 Jau. 123*4 Jan. U. S. Leather—8. F.dcb.6g.l913 M A N 115*3b 114% Jan. 115 Jan.
Virginia Mid.—Gen.M., 5s. 1936 M A N *105 b 103*3 Jan. 105 Jan.
Long Island.—1st oon.,og.l931 Q—J 118 b X17% Jäti. 120 Feb.
Wabash—1st, 5 « . « . . . « 1 9 3 9 M A N 109*3 107*8 Jan. 10958 Feb.
88 Jan.
General mortgage, 4 g ... 1938 J A D
88
85*4 Jan.
2d mortgage, o g . . « . « 1 9 3 9 F A A 80*4
80 Feb. 82*3 Jan.
Louis, o,Nash.—Cons.7s.. 1898 A A O 102 %b. 102*4 Jan. 103*8 Jan.
N.O. A Mobile, 1st, 6 g ... 1930 J A J 12 l*«b. 1203a Jan. 12038 Jan. West N. Y. A Pa.—1st, 5 g .l9 3 7 J A
108*8 108 Jan. 108*3 Jan.
48 Jan. 53*3 Feb.
Gen. 2-3-48, gold.« . « 1 9 4 3 ▲ A O
“
“
2d, 6g._ 1930 J A J 105 b.
53*4
110 b 109 Jan. 111 Jan.
General, 6 g .. . . . . . . . . . . . . 1 9 3 0 J A D 116 b. 117 Jan. 118 Jan. W est.Un.TeL-uol.tr. 5 s ..1938 J A
88*8 Feb. Wise. Cent. Co. 1st 5s, g ...l9 3 7 IJ A Jit 44*4 It33*s Jan. t47*s Jan.
Unified, 4 g . . . . . . . ....... ...1 94 0 J A J 83
85*3 Jan.
Note .—“ b” indicates nrioe bid; “ a” price asked; the range is made up from sales. ‘ Latest price this week. tTrust receipts. 162*8% prin. pd.
YORK STOCK EXCHANGE PRICES— (Continued),—IN A C T IV E B O N D S -F E B . 4 .
SEC U RITIE S).
Bid
Ask.
Railroad Bonds.
( Stock Exchange Pitees.)
labama Mid.—1st, g., guar.. 1928
Arch. Topeka A San Fran.—
E jdip. trust, ser. A, 5s, g ..l9 0 2
Uaioago A St. Lou.—1st, 68.1915
Atlau. Ave., Bklyn—Imp.g. 58.193 4
Allan. A Dany.—1st, «., 5 s ... 1 >5o
. . . . . . ___
__. . .
*85
*95*3 98
SECURITIES.
Balt. A Ohio—1st, 6s, Park B.1919
5s, gold .........................................1925
Cons, mort., gold, 5s............1988
W Va. A Pitts.—7 St,g., 5s.. 1990
Monon. River, 1st, g., g. 5 s ..1919
Cent’l Ohio Ben .—1st,4*38.193
Col. Cin. & Mid.—1st, 4*83.-1939
Ak.AOh.Juno.—i st,g,5s,gu.l9 3*
B. A O 8. W., 1st, g., 4*38...1990
O '•
**188.—lstoon 4 3 .. . “ »3*»
Bid.
"9 ¿ "
.'92%
Ask.
95
“9 9 "
81
--mm
*105
108
SECURITIES.
Bid.
Ohio A M.—2d oonsol. 7 s ...1911
Springfield Div. 1st 7 s ......1 9 0 5
General 5s........ ....................193z
Brooklyn Eleva.ed—2d, 5 s ...l9 lC
Seaside A B.B.—1st,g,5s,go .1 *4 2
Brunswick A W’n—1st, g., 48.1938 *73
Buff.R.A Pitts.—R.A P .lst,68.192 ■ *126
Rooh A Pitts.—Cons. 1st,68.1922 121
Olear.A Mah.—lst,gu.,g.,5s.l943 118
Bufi'. A Susqpeu —1st, 5b, g . . m "
260
TBK
O H K O N IC L E
[V o u LX SI,
NEW YORK STOCK EXCHANGE PRICES. —IN A C T IV E BONDS—(Continued) —FEB. 4 .
SECURITIES,
Bid.
Ask.
.'Sari. Ced.Bap. A No.—1st, 58.1906 108
Consol. A collat. trust, 5 s ..1934
Minn. A St L.—1st, 7 b, gu .. 1927
Ced. Rap. I. F. A N „ 1st, 68.1920
1st 5s..................................1921 105
Os iu KR. A Bank.—
Ool. g.5s.l937
' Cent. Ry. of Ga.—
4214
1st, pref. income, g., 5s ....1 9 4 5
14%
2d, pref. income, g., 5s .....1 9 4 5
8>e
3d, pref. income,g., 5 s ......1 9 4 5
Mao. A Nor. Div., 1st,g .,58.1946
Mobile Dlv., 1st, g., 5 s . . . . . 1946
Osnt. of N. J.—Conv. deb., 68.1908
0,
T Pacific—
>t.
SpeyerA Co.ctfs, A B C D ..1899 '102
«^old 5 b, series E .. . . . . . . . . . . 1898
;3 Ian Joaquin Br., 6 s .........1 9 0 0
tfort. gold 5 S ................1 9 3 9
Land grant, 5s, g............... ..1900
101
OaL & O. Div., ext., g. 5 s ...1918
West. Paolflo—Bonds,6s....1 89 9
No Railway (CaM—1st, 68.1907
50-vear 5s.......... . . . .......1 9 3 8 100
50
'Osnt. Washington—1st, g., 6S.1938 *35
"O la s . A Bay.—1st, g., 7s........ 1936
Oies. A O.—Par. M. fund, 6s.1898 i*oi%
Craig Valley—1st, g., 5s— 1940 99 102
Warm Spr. val., 1st, g. 5 s ..1941
Ellz. L.A Big Sandy—G. 58.1902 102 % 1031*
'Chicago A Alton—S. F., 6s___1903 '112
Louis. A Mo. River—1st, 78.1900
2d, 7s...................
1900
S t L. Jacks. & Ohio.—2d, 7S.1898
M1SS.R. Bridge—1st, s. f „ 68.1912
Ohio. Burling. & Q.—5s, s. 1..1901 TC4
Iowa Dlv.—Sink, fund, 5s.. 1919 110
Sinking fund, 4s.......... . 1919 103 105
Plain, 4 s . .. . ...........................1921 96
Chicago A Iowa Div.—5 s ... 1905
Ohio Burl. A Nor.—1st, 5s.. 1926 'Ì09*
O aic. A Indiana Coal—1st 5s.1936 106 107
’Chicago Milwaukee A St. Paul«.on,
ip g., Jti. u ............... ..1902 140
1st, 1. * D., 7s......................1899 140
1st ,0. A M., 7s......................1903 140
1st,»!. A D. Extension, 7 s ...1908 140
1st, La C. & Dav., 5 s . .. . . . . 1919
1st, H .A D., 7s.................... 1910 Ì*30%
1st, H. A D., 5s.................... 1910 '119 1211*
Chicago A Pacific Div., 6s.. 1910 120 122
Mineral Point Dlv. 5s.......... 1910 1101* lili*
0. * L. Sup. Dlv., 5 s .......... 1921
Fargo & South., os, A ssn ...1924 *127%
Inc. conv. sink, fund, 5 s .... 1916 *105
Dakota A Gt. South., 5 s....1916 112 115
Mil. A Nor. main line—6 s ...1910 ♦ 1221* 125
C »1o.ANorw.—30-year deb.5s.l921
■soanaba A L. 8. 1st, 6S....1901
Dw»M. A Minn.—1st, 7 s ....1907
Iowa Midland—1st, 8 s ......1900
Ohio. A Milwaukee—1st, 7S.1898
Win. A St. P.—2d, 7s............1907
Mil. A Mad.—1st. 6s............1905
O tt O. F. A St. P.—1st, 5s. 1909 109
Northern 111.—1st. 5 s .......1 9 1 0 T09
Mil. L. 8. AW.—Con.deb.,5s.l907
Mich. Div., 1st, 6s............. 1924
Ishland Division—1st, 6s 1925
”Ch.R.I.&P—D.M. A F.D .lst 48.1905 92
1st, 21*8.............................. 1905 70
Extension, 4s.................... 1905
Keokuk A D es M.—1st, 5s.. 1923 Ì0*8* 110
Ohio. St. P. A Minn.—1st, 6s.. 1918 '132
St. Paul AS. O.—1st, 6s.......1919 132
tJhle. A W. Ind.—1st, s. f., 6 s.1919 105
Gen. g » 6 s ............................. 1932 1211*
Ohio. & West. Mich.—5s........ 1921
IJln. Ham. A D.—Con. s. f., 7 s. 1905
2d, gold. 4i*s......................... 1937
Oir. D. A Ir'n—1st, gu. 5s, g. 1941 111
City & Sub. (Balt.)—1st, g., 5s. 1922
Clev.Ak. A Ool.—Eq. A 2d 6s. 1930
Olev.ACan.-Tr.otfs.forlst5s.1917 *72* 74
tJ.0. C. A St. L.—Gen., g. 4 s.. 1993
Cairo division, 4 s . .. .......... .1939
Sprlngi&CoLDiv.—1st,g. 4s. 1940
Whitew.VaLDiv.—lst,g. 4s. 1940
dn.Wab.AM.Div.—1st,g.4s.1991
Oin. I. St. L. A 0.—1st,g.,48.1936 100
Consol, 6s........ ............... ...1 92 0
Oin.San.ACl.—Con.lst,g.5s,1928 ♦iio*
.'Indiana R. A W.—1st pf.78.1900
Ohio Ind.AW.—lstpref. 5s. .1938
Poor. A East.—Income 4s ..1990
20
JJ, Col. Gin. A Ind.—1st, 7s,s.f.l899 105 IO51*
Consol, sipk. fund, 7s....... ..1914 135
Oin. ASpr.—lst,O.C.O.AI.7s. 1901
jjleve. Lorain A Wh.—1st. 5s.1933 Ì*0*3%
Oleve A M a h .V .—Gold. 5 s ...1938
001. Mid. 1st, g.. 6s. asstd___1936
67*" 673s
Tr. etfs., con.,4s,2d ass’tpd.1940
22
.Delaware Lack. A Western—
Mort. 7 s ....................
1907
Syra. Bing. A N. Y.—1st, 7s. 1906 1251* 129
Morris A Essex—1st, 7s___1914 *14114
Bonds, 7 s ..............
1900 1061*
T sof 1871...........................1901
1st, oon., guar., 7s.......... .1915 141
..Warren—2d, 7 s .................... 1900 108
'D.AH.Can.—Pa.Div..coup.7s.l917 147
Albany A Susq —1st, gu.,7s. 1906 124
1st, eons., guar., 6s.......... 1906 116
Rens. A Sar. 1st, soup., 78.1921 144
D ent, Tramway—Cons, 6s, g.1910
Metropol. Ry— lst,gu. g.6s.l911
Denv. A R . G .- I u p g .,5 s ...1928 *92 "9*4
Des Moines Un.Ry.—1st, g.5s.l917 *95
98
Det.M. A M.—L. g.
s,ser.A.1911 *17
18
D et. A Mack.—1st lien, 4s,g.. 1995 *70
4s, g o l d . . . . . . . . . . . . . . . . ......1 9 9 5 *50
Brie—
1st, ext. g. 4s........................1947 114
*120 i*2*6
8<1. •rte tided, 4 % a ._ .----...1923 *113% 119
SECURITIES.
Bid.
Ask.
Erie—(Oon.)—
4th extended, 5 s ................1920 120
5th .extended, 4 s . .. . . . .........1928 104
1st, oon., g., Pd, 7s .........1 9 2 0
B. N. Y. A E.—1st, 78..........1916 140
Bud. A 8. W.—Mortg. 6s___1908 115
iefterson—1st, gu. g 5s ....1 9 0 9 106
Coal A R R .-6 S ................1 9 2 2
*V»nk ATrnpt..1st6R cnr'ov.1913 115
N. Y. A Gr’nw’dL.—Gu.g.5s.l946 104 105
Evans. A T.H.— ist, oons., 6s. 1921
117
1st, general, g., 5 s ............... 1942 80
Mt. Vernon 1st 6 s ................1923
SUL Co. Br. 1st, g., 5s..........1930
Evans. A Indian.—1st, oons..1926 *70
80
Flint A P. Marq.—Mort., 6 s...1920 1161* 120
1st, oon. gold, 5 s . . . . . . ......1 9 3 9
92
95
Pt. Huron Div.—1st, 5s ....1 9 3 9 *90% 95
Ha. Cen A Pen.—ls t g . 5s.. ..1918
1st, 1. g.. ext. g., 5s..........1 9 3 0
1st oon. g., 5 s ....................... 1943 *87
Ft. W. A Rio Gr.—1st. g., 3-48.1928
60
Gal. H .& H .of 1882,1st,5 s...1913 89
Ga. A Ala., 1st, pref., g. 5 s ...1945 103% 1*0*5*
Ga. Car. A Kor.—1st, gu. 5s, g.1929
Illinois Central—1st, g., 4 s ... 1951 113%
1st. gold, 3% s....................... 1951 103
Gold 4s.................................. 1952 *103
2-10 g., 4s............................. 1904 *100
Cairo Bridge—4 s ............. ..1950
Middle Div.—Reg., 5s..........1921
O. St. L. A N. O.—
Gold, 5s, coupon ..........1 9 5 1
Memp, Div., ls t g . 4s.......1951
St. L. A. A T. H.—Term. 5sl914
BeUev. A Car.—1st, 6 s .. : 1923 T16
St. Louis So.—1st, gd. g. 48.1931
Car. A Shawt.—1st g. 4 s ....1932
Ind. Deo. A S .—1st, g., 5 s.... 1935 1C3 104%
V
Ind. His. A Iowa.—1st, g, 4s.. 1939
1st, ext., g. 5s. . . . . . . . _____1943
53
Int. A G. N’n.—3d, 4s, g ........ 1921
Kings Co.-F.El.,lst,5,g.,gu. A. 1929 *30
38
Lake Erie A West.—2d g., 5s. 1941 101
North’n Ohio—1st, gu. g. 5S.1945 100 % 1*03%
L. S. A M.Sou.—B. AE.—New 7s.’ 98 *103
Det. M. A T.—1st, 7s........... 1906
Lake Shore—Div. bonds, 7s. 1899 106%
Cin. A 8.—lst,gu.L.S.AM.S.7s.’01
Kal. All. A G. R.—1st gu. 5s. 1938 120
Mahon’g Coal RR.—1st, 58.1934 118%
LehighV.jN.Y.—1st gu.g.4%s.l940 103% 105
Lehigh V’y Coal—1st 5s,gu.g.l933
Lehigh A N.Y.—1st, gu. g. 48.1945 9Í%
ElmiraO. AN., 1st. g. lstp f.6s. 1914
Guar., gold, 5s............. ...1 91 4
Litohf. Car. A West.—1st 6s. g.1916
Little Rock A M.—1st, 5s g ..l9 3 7
Long Island—
1st, 7e................................1 8 9 8 102%
Ferry, 1st, g., 4 % s .............1922
89
Gold 4s..................... ............1932
N. Y. A B’way B.—1st, g. Ss.1927
2d mortg., i n e . . . . . . . . . . ...1927
N.Y.B. AM.B.—1st oon. 5s,g.l935
106%
Brookl’nAMontauk—1st,08.1911
1st, 5 s ....................
1911
No. Shore Br.—1st oon.5s,g.l932 33
Louis.Evans. A St. L.—Con.5s.1939 *33
Louis. ANash.—Cecil. Br. 7s..1907 106
E. H. A Nash.—1st 6s, g ....l9 1 9 116 117*
Pensaooia Division, 6s.........1920 *106
St. Louis Division, 1st, 6 s... 1921
2d, 3s..................................1980
Nashv. A Deoatnr—1st, 7 s ..1900 106% 108
fl. f.,6s.—S. A N. A la ........... 1910
50-year 5s, g.............
1937 103% 105**
Pens. A At.—1st, 6s, g o ld ... 1921
109%
Collat. trust, 5s, g ................1931 104% 106
L.AN. A M.AM.—1st,g.,4%sl945
Nash.Flor.AS.—1st, gu., 5S.1937 *88
So. A No. Ala., oon. gu. g., 58.1936 93
94%
Kentucky Central—4s, g..,1987 *87
L. AN.—LOU.O.AL.—g. 4%s.l931 108
Lou. AJefl. Bdge Co.—Gu.g,4s. 1945
Louisville Ry—1st, oon.,g.,58.1930
Mexican Cent. Consol.—4s, g.1911
67
1st, oons. income 3s, g . . . . . . 1939
2d oons. income 3s, g ......1 9 3 9
Mexloan National—1st, g., 6s. 1927
2 d ,income, 6s, “ A” . ........1 9 1 7
2d, income, 6s, “ B ” ........1 9 1 7
Mexican Northern—1st,g. 6?.1910
Michigan Central—6s___'....1909 120
Coupon, 5s............... .........1 9 3 1 125
Mortgage 4 s . .. ........
..1940 107
Bat.C.AStrgis.—Ist,3s,g.gn.l989
Minn.A fct. L.—1st, g. 7s.........1927 142
Iowa Ixtension, 1st,7s.......1909
Southwest Ext. -1st, 7 s.....1910
Paoiflo Ext.—Is 1,6s............ 1921 122%
M o.K.ATex.—1st, ext., 5s, g.1944
Mo.K.AT.of Tex.lst,gu.5s.g.l942 83% 84
Kansas City A P., 1st,4s,g.. 1990 *73
75
Dal. A Waco—1st, 5s, gu..,.1940
Missouri Paoiflo—Trust 5s.. .1917 75
1st oolL, 5s, g 4......................1920 71%
Mobile A Ohio—1st ext., 6 s...192? *115
St. L. A Cairo—4s, guar.......1931
83
Nash. Chat. A St. L.—2d, 6s.. 1901
N. O. A. No. E.—Pr. 1., g., 6 s..1915
N, Y. Central.—Deb. g. 4 s....1905 104%
N. J. June—Guar. 1st, 4 s ...198* 103
Beech Creek—1st, gold, 4 s ..l9 3 f 105
Osw. A Rome—2d, 5s,g.,gu.l915
Utica A Bl. Riv.—4s, g., gu.192? *107*'
N. Y. A Put.—1st, g., 2s. gu.199?
N.Y. A Northern—1st, 5s,g.l927 12*5*’ 128
N. Y. N. H. A H .—1st,rev,4s. 1903
Housatonic—Oons. gold 5s.. 1937
N.Ha\’nADerby,Oons.5s.l91fc
N. Y. Susq. A West.—2d, 4% s.l9 3 r *89
Terminal, 1st, g. 5 s ............1943 111
Wilk.A East-.—1st.« td..jr.5s.l942
99% 100
* No price Friday; these are the latest quotations made this «eel1
SECURITIES.
Bid.
Ask.
Northern Pacific—
St.Paul A N. P.—Gen., 6S..1923
Norfolk A South’n—1st, 5s,g.1941
Norfolk A West.—General, 68.1931
New River 1st 6s . . . . .......1 9 3 2
Imp. A Ext., 6s.........................1934
Col.Conn.ATer..lst,gu.g.5s.l922
Scioto V.AN.E.—1st,gu.g.4s.l989
81%
Ohio River RR.—1st, 5s, g ....l9 3 6
Gen, g .,5 s ...................... .....1 9 3 7
83
Omaha A St. Louis.—1st, 4 s ..1937
Oregon Short Line—
Utah A North.—1st, 7 s......1 9 0 8
Gold, 5s................
1926
Non-cum. Inc. B. and ool. trust.
*45
Penn-P.C.C.ASt.L.Cn.g.4%sA1940 112 113
Do
do
Series B 1942 112
Do
do
Series C 1942
Do
do
Series D, 4s, 1945
F.C.AS.L.-Ist,0.,7s............... 1900
Pitts. Ft. W. A 0.—1st, 7s...1912 140
2d, 7 s ................................. 1912 *139
3d, 7s...................................1912 *137 140%
Oh.8t.L.AP.—1st, oon. 5s,g... 1932 118
d e v . A P.—Cons., s. fd., 78.1900
Gen. 4%s, g., “ A” ............ 1942
Do
do
Series B 1942
St. L.V. A T. H.—1st,6s., 7s. 189:
2d, guar., 7s.............
...1898 102%
Gd.R.AI.Ext.—1st,4%s,G.g. 1941 110
Alleg.Val.—Gen., gu., 4s, g.1942
■'SN.&Cin.Bdg., gen.gu.4%s,g,1945
Fenn.RR.—1st real. est. g. 4s.l923
Cle.A Mar'ta—lst.gu.g.4%s.l935
UnitedN.J.RR.AO.--Gen.4s.l944
D. Riv.RR. ABdg—lst,gu.g.4s.’36
Peoria A Pek. Union—1st, 6s .1921 121
2d mortg., 4%s......................1921
86%
Pitts, d e v e . A Tol.—1st, 6s... 1922
Pitts. A L. Er.—2d g. 5 s ,“ A” . 1928
Pitts. Mo. K. A Y.—1st 6s.....1932
Pitts. Painsv. A F.—1st, 5 s ...1916
Pitts. Shen. AL.E.—lstoon.5s.1943
Pitts. A West.—M. 5s, g.1891-1941
Pitts. Y ’gst’nAA.—1st, os.con. 1927
Rio Grande So.—1st, g., 3-48.1940
St. L. A S. F.—2d 6s, g., el. A.1906 115%
2d, 6s, g., class C ................1906 115 115%
1st, trust, gold 5s.......... . 1987
Ft. S. A V. B .B g.—
1st, 6 s ...1910 106
Kansas Midland—1st, g.,4s.l937
95%
Southwest Div., 1st, g. 5 s..1947
St. Paul d t y R y,oon . 5s, g..,1937
Gold 5s, guar . . . . .. . . . . . . . . .1 9 3 7
St. Paul A Duluth—1st,5 s ....1931 *115
2d mortgage 5s.....................1917 *108 110
Bt. Paul Minn A M.—2d M, 68.1909 122
Minneap. Union—1st 6s___1922
Mont. Cen.—1st, guar., 6s.. 1937 126
1st guar. g. 5s....................1937 108%
East. Minn., 1st div. 1st 5s.1908 108%
WOnr ar ASiouxF.—1st, g,5s.l988
Ban Fran. A N. P.—1st, g., 5s.l919
Sav.Fl.AWest.—1st, oon. g.6s.l934
Seaboard A Roanoke—1st, 5s. 1926
Seat.L.S. AEast.,lst6s,asst.pdl93 1 ‘ 79%
Southern Paoiflo Co.—
Gal.Har.ASan Ant.—lst,6s.l91C
2d mort., 7s......................1 90 5 104
Hous. A Tex. C.WaooAN.7s.l903 125
1st g., 5s (int. gtd)............1937 110
Cons. g. 6s (int. gtd)........ 1912 106 110
Morgan's La. A T.—1st, 6s.. 1920 120
1st, 7s............................1 9 1 8 *130
Oregon A Oaltfor.lst, 5s, g.1927
Texas A New Orleanslst.7s.1905
Baolne Division, 1st, 6s. ..1912
Consol. 5s, g . . ...... . . . . . . . 1 9 4 3
98
Southern—Ala. Cent., 1st 6s. 1918
Atl. A Char.—Income, 6 s ...1900
Oolum. A Green.—1st, 5-6s.l91f>
E. Tenn. V. A G a.-D ivis.5s 1930 *115
ORich.A Dan.—Eq. s. f. g. 5s. 1909 100
Deben. 5s, stamped ......1 9 2 7 100 110
Vlr’ a Mid.—Serial ser.A, 6 s.1906
Series B, 6 s . . . . . . . . . . . .....1 9 1 1
Series 0 , 6 s . .. . . . . . . . . . . . . . 1916
Series D, 4-5s . . . . .........1 9 2 1
Series E, 5s .................... 1926
Series F, 5 s . . . . . . . .............1931
Gen., 5s, guar., stamped .1936 *105 105%
Wash.0.AW.—1st our.gu.4s.1924
Sunbury A Lewis.—1st, g., 4s. 1936
Ter. As’n of St. L.—1st, 4%s.l939 110
1st, oon. g. 5 s . . . . . . ...1894-1944 106%
8t.L.Mer.Br.Term.,g.5s,gu..l930
Terre Haute Elec. Ry—g., 68.1914
Tex. A Pao., E. D.—1st, g. 6s.l90t 109 110
Third Avenue (N.Y).—1st 5s, 1937 122%
T. AO. C.—Kan. A M., Mort. 4S.199C
80
Tol.Peo. A West.—1st, g., 4s. 1917
73
103%
Ulster A Del.—1st, oon.,6.,5s. 1921
Union Elev., Chic.—1st, g. Ss.1945 iooT
Un. Pac.—6s,tr. reo. ex mat 0.1896 127%
6s. tr. reo. ex mat. co u p ....1897 137%
6s, tr. reo. ex mat. co u p .... 1898 129%
6s, tr. reo. ex mat. co u p .... 1899 129%
Collateral Trust, 6s............1 9ot 100
Collateral Trust, 5s..............1907
75
Kansas Pacific—1st 6s, g . ..1891
1st, 6s, g . ......................... M189<
O .B r.U P ,- F .o .,7 s .......... 189'
70
Atch. Col. A Pao.—1st, 6 s...l9 0 i
33
U. P. Lin. A Col.—1st,g., 5s. 1911
33
Wabash—Debenture, Ser. A .. 1931
Debenture, Series B .. . . . . . . 1939 **28’ * 30
Det. A Chic. Ext. 1st, 5s, g . 194« 100
Bt. L.K.C. AN.—St.0.Bdge6s.l90i
West N.Y.A Pa.—Income 5 s ..1941
15%
West. Va. C. A Pitts.—1st, 6s.l91
Wheel.AL.E.—1st. 5s, g o ld ...1921 ICO
Wheeling Div., 1st, 5s, g ...!9 2 8
80
Extension A Imp, g., 5 s.....193«
Wis. Op p i . Ihpotp« Ss __ ....IPS*?
TH E
F e b r u a r y 5, 1898,]
Hoads.
fm u e s tra e u i
AM
D
H a ilr o a tl
RAILROAD EARNINGS.
Latest Gross Earnings.
Week or Mo 1897-98. 1896-97.
Jan. 1 to Latest Date.
1897-98.
1896-97.
»
13,483
14,372
184,636
Adirondack....... Novemb’r.
178,815
32,754
37,672
114.508
Ala. Gt. South.. 3d wk Jan.
91,352
61,744
625,923
Ala. M idland... Novemb’r.
57,837
583.107
Ala. N. O.Tex. A Pao. Juno.
52.000
45.100 1,324,152 1,324,901
N. Orl.A N. E. ithwkDec.
33.000
623.685
26,900
Ala. & Vioksb. 4th wk Dec.
608,578
35.000
560,613
29.100
Vicks. 8h. A P 4th wk Deo.
575,903
Allegheny Val.. December. 228,187 199,326 2,553,135 2,341.614
136.710
29,293
41,546
Ann A rbor........ 4th wk Jan
93,331
108,800
8,169
18,280
Ark. Midland... Novemb’r.
84,069
Atoh.T. & S.Fe.e December. 3,609,110 3,107,619 34,859,820 31,142,871
Atlanta A Char Novemb’r. 14*,489 163,724 1,515,568 1,447,384
27,142
21,924
Atl. Knox. A No. December.
290,623
281,197
Atlanta A W. P Novemb’ r.
507,564
52,«15
54,064
479,216
Atlan. A Danv. 4th wk,Jan
10,610
43,'661
7,739
38 128
Austin AN’ «rest Novemb’r.
160,064
28,265
19,406
245.930
Balt. A O hio.... December. 2,312,544 2,177,805 26,008,278 24,935,973
BaLAO . Sou’ w. 4th wk Jan 146,488 154,108
505,053
480,291
35,603
Bath A Ham’ nde Novemb’r.
6,403
6,108
35,574
2,523
Bir. A Atlantic. December.
2,232
24,999
23,765
Brnnsw’k A West Novemb’r.
49,752
50,188
529,2.16
553,118
64,662
Buff. Booh. APlti 3d wk Jan.
56,550
189,358
169,6 1
47,236
55,183
Buffalo A Susq.. December.
626,8-*9
540,295
Bor.U. Rap. AN 3d wk Jan
75,632
71,508
207,994
203,593
OftnadianPaoiflc 4th wk Jan 472,001 353,001 1,673,000 1.312.924
Car. Midland. December.
5,046
59,278
4,088
59,449
Gent, o f Georgia 3d wkJan. 125,247 127,159
355,320
342,634
Central of N. J . Novemb’r. 1,154,651 1,148,621 11,635,16« 11,634,355
Central Pacific Novemb’r. 1,399,595 1,069,448 13,031,653 11,508,340
Gharlest’nASav Novemb’r.
40,960
548,177
41,930
508,157
Ohes. A O h io.... 4th wk J an 299,314 293,560
944,559
918,249
Ohio. Bur. A Q.d December. 3,476,546 2,955,052 39,890,256 34,176,45 Ohio. A East. 111. 4th wkJan
86,300
353,632
86,500
338,389
Ohio. Gt. West’u 4th wkJan 120,757 102,641
3o7,163
31-,160
Chic. Ind. A L .. 3d wk Jan.
48,164
53,338
153,355
134,241
Ohio. Mil. A St. P. 4th wk J an 762,494 662,311 2,361,295 2,010,447
Chic. AN’thw’n. December. 2,675,108 2,385,178 33,474,068 32,115,897
Chic Peo.Aest.Li. December.
77,831
833,300
70,406
879,615
Ohio. K’KI. & P .. J auuary... 1,238,458 1,020,807 1,238,458 1,020,807
Ohio. 8t. P. M. AO Novemb’r. 992,571 751,464 7,925,447 7,496,236
Ohio. Ter. Tr. BB. 3d wkJan.
22,600
66,8 ò5
25,193
75,5 9
Ohio. AW . Mich. 3d wkJan.
27,503
24,384
76.830
66,290
Ohoo. Ok. A Gull 4th wk J an
26.000
18,000
92,000
57,600
Cin.G.APorts’tb December.
5,254
4,869
Oin. N.O. A T. P. December. 340,544 304,082 3,659‘, ÌÌ2 3,37Ì",650
Olev.Oan. A So.. 3d wk Jan.
12,314
36,888
10,412
<¡29,111
Cl.Cin.Ch.A8t.L 3d wk Jan. 243,521 243,859
751.763
731,576
Peo. A East’n December
166,122 150,521 1,750.024 1,703,544
Ol.Lor. A Wheel. 4th wk Jan
39,674
128,983
28,055
86,983
OoL M idland.... December. 148,516 140,952 1,739,068 1,824,037
OoL H. V. A Tol. December. 262,631 205,930 2,533,605 2.480.924
OoLSand’y A H. 2dwk Jan.
17,950
32,680
15,943
28.526
Oolusa A Lake.. December.
1,600
1,600
23,055
19,591
Crystal....... ...... Novemb’r.
1,233
12,404
465
9,745
Camb’l’d Valley Novemb’r.
60,734
69.538
757,329
756,002
Denv. A Bio Gr 4th wkJan 195,600 154,400
631,000
476,800
Oes M. A Kan.C 3d wk Jan.
3,194
9,326
2,801
8,403
Des.M. N. A W.. December.
37,329
430,480
32,662
442,254
Del. G. Rap. AW 3d wkJan.
22,990
67,839
20,319
57,097
Det. A Lima No. 4th wkJan
12,105
41,709
11,806
Dot. A Mackinac December.
29,615
464,232
23,959
400,812
Duluth A Xr. B. O ctober... 235,811 130,931 2,463,402 1,920,193
DuluthS.B.AAti. 3d wk Jan.
27,604
77,636
24,143
67,129
KlginJol.AEaat. December. 129,924
82,850 1,202,541 1,278, lt>3
B rie................... Deoember. 2,793,295 2,535,612 33,13- ,’ 72 31,331,926
Boreka Springs Novemb’r.
5,5 2
58,883
4,674
55,671
Evans. Alnd’plie 4th wkJan
6,758
21,585
6,491
19,375
Bvansv. A T. H. 4th wkJan
28,392
91,605
25,948
85,251
Fitchburg......... Novemb’r. 624,940 632,775 6,686,991 6,700*874
H int. A P.Marq. 3d wkJan.
57,411
158,961
137,031
49,474
Vla.Oent.APen. lstw k Deo.
46,009
39,923 2,212.381 1,975,511
Ft.W’thADen.C. 3d wk Jan.
28,768
81.830
20,558
64,233
Ft. W. A Bio Gr. 3d wkJan.
7,945
27,110
6,938
18,654
Gads. A Att. U. December.
840
8,686
865
10,604
Georgia B B ....... 3d wk J an.
35,914
93,325
36,871
99,076
Georgia a Ala.. 4th w kJan
34,723
108,628
23,98:88,078
Ga.Oar’la A No. Novemb’r.
83,706
33,489
815,237
771,146
Geo. So. A Fla.. December.
80,145
874,334
76,239
881,855
Gr. Bap. A Ind.. 3d wkJan.
37,095
105,712
31,984
89.059
Oin.K.AFt.W. 3d wkJan.
7,832
7,133
20,876
20,0^6
Traverse City. 3d wkJan.
906
734
2,570
1,691
Mas. G. R. A I. 3d wkJan.
2,135
7,009
1,811
5,028
Tot. all lines 3d wk Jan.
47,968
41,665
136,167
115,834
Gr.Tr'nk Syst’m 3d wkJan. 445,851 398,959 1,320,129 1,127,431
Ohio. A Gr. Tr. 4thwkDec. 103,703 103,600 3,083,327 3,150,996
Det.Gr.H.AM. 4th wk Dec.
31,623
34,196
988,785
968,12i.
Ohi.Sag.AMao 4thwkDeo.
4,384
3,632
123,604
127.108
ToLS. A Musk. 4thwkDec.
3,147
3,024
111.509
83,829
Grea 1North’n St. P.M. A M. December. 1,529,266 1,273,469 16,691,071 15,771,859
E astof Minn.. December. 153,479 137,640 1,970,627 1,933,745
MontanaCent. December. 198,439 166,281 2,085,726 1,926,488
Tot. system. December. 1,881,184 1,577,390 20,747,424 19,632.092
G’ lfB’ mntAK.C. Deoember.
14,636
10,031
132,714
97,31«
G olf A Chicago. December.
7,367
5,128
47,860
52,047
Moos.Tun. A vvil. December.
3,300
3,300
50.526
54,231
Moos. A Tex. (Jen Novemb’r. 430,500 409,368 3,309,717 3,342,179
Illinois Oentrall Deoember. •2555393 >2096516 >24723399 12178.■’ 291
Ind. Deo. A West. Novemb’r.
36,017
86,591
419,096
429,865
Ind. I1L A Iowa. Novemb’r.
62,526
53,761
687,599
682,089
In. A Gt. North’n 4th wkJan
96,370
78,428
320,317
268,672
tlnteroo. (Mex. Wk.Jan.15
62,800
44,710
114,500
94,730
Iow a Central... 4th wkJan
40,761
34,854
114,932
130.764
Latest Gross Earnings.
Week or Mo 1897-98*
1896-97.
Jan. 1 to Latest Datés1897-98.
1896-97.
S
I n te llifip c m e .
The following table shows the gross earnings of every
s t e a m railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
including such latest week or month.
The returns o f the street railways are brought together sepa^iteiy on a subsequent page.
Hoads.
281
C H R O N IC L E .
Iron Railw ay... December.
4,291
89,547
44,148
4,268
Jack. T. A K. W. December.
30*637
26,407
304,492
308,686KanawhaAMioh 4th wkJan
12,468
41,662
42,457
12,037
K.C.F.ScottAM. 3d wk Jan.
79,374
75,920
244,595
214,327
K.C.Mem. A Bir. 3d wk J an.
29.442
90,9*3
28,368
79,562
Kan. O. N. W___ December.
39,263
297,141
362,553!
42.107
Kan. City A Om. 3d wk Jan.
5,514
4,92«
15,405
14,156
K.
O.Pitts. AwkJan
4th G ..
84,744
262,640
34,255
100,104
Kan.C. Sub. Belt 4th wk Jan
12,265
7,926
35,560|
24,617
Keokuk A West. 3d wk Jan.
7,458
6,275
18,825
22,908
L. Erie A West. 4th w kJan
84,904
77,179
274,331
252,661
Lehigh A H ud.. December.]
36.608
32,019
390,851
387,826
Lehigh Val. B B . December. 1,539,113 1.551,310
Leh. V. Coal Co. December. 1,508,977! 1,459*762
Lex’gton A East. Novemb’r.
15.6141
188.771
12,167
178,250
Longlsland BB. December. 291,329 243,797 4,156,593 3,938,240
Long Is. System December
300,794 251,037 4,50*.832 4,308,136
Los Ang. Term. December.
7,384
4,832
93,248
83.379
Louis.Ev.ASt.L. 3d wkJan.
26,400
23,699
77.181
66,077
Lou. H. A St. L._ 3d wkJan.
7.713
7,895
21,493
23,103
Louisv. AN ashv. 8d wkJan. 409,260 370,895 1,197,220 1,105,850"
Maoon A Birin.. December.
6, 27
5,422
67,105
61,984
M anistique..... December.
4,790
6,075
116,713
110,510
MemphisAChas. 2d wk Jan.
33,305
22,590
63,282
42,899
tMexloan Cent,. 4th wkJan 363,368 383,204 1,077,505 1,070,606
Mexican Inter’l. September. 242.188 214,844 2,259,747 2,110,013
tMex. National. 4th wkJan 141,423 113,573
463,813
390,177
Mex. Northern, Novemb’r.
39,036
36,*97
537.177
662,008
tMexican B’ way Wk.Jan.15
79,800
73.000
148,800
138,500
Mexioan So....... 2d wk Jan.
14,440
10,^87
20.092
25,140
Minneap.ASt.L. 4th wk Jan
43.609
39.69D
136,7-16
127,477
M. St. P. AS. St. M. 3d wk Jan.
55,536
43,488
133,069
189,749
Mo. Kan. A Tex. 3d wk Jan. 223,099 215,259
69«,544
635,260“
Mo. Pao. AlronM 4 th w kJan 678,000 648.00* 2,022,114 1,755,087
Central Br’oh. 4th wkJan
33.000
33.000
100,354
78,415
Total............ 4th wkJan 711,000 681,000 2,121,468 1,8*3,502
Mobile A Birm.. 3d wk Jan.
10,934
30,488
7,69
20.379
Mobile A Ohio.. January... 372,200 322,7 8
372,200
322,798
Mont.AMex.GU December. 131,688 117,656 1,415,025 1,152,747
Nash. Ch. A St. L. December. 458,379 433.899 5,460,929 5,004,914
Nel. AFt. Sh’p’a O ctober...
13,114
7,718
Nevada Central. Novemb’ r.
4,447
3,004
37,757
32,741
N. Y .O .A H . B .. Deoember. 3,674.592 3,638,168 45,609,139 44,075,029
N Y. Ont. A W .. 4th wkJan
88.298
269,400
74,430
256,869N.Y.Susq.AW.. December. 229,953 203,815 2,266,232 2,271,507
Norfolk A West. 4th wkJan 187,776 177,03 )
832,926
886,186
Northes’n (Ga.). Novemb’r.
7.933
59.692
60,019
7,648
North’n Central December. 586,440 520.120 6,732,703 6,286,602
North’n Pacific 3d wk Jan. 307,071 219.608
927,613
654,631
Ohio Biver........ 3d wkJan.
18,978
M 208
17,568
50,5u7
Ohio Bi v. A Chas December.
16,732
184,840
16,060
184,579
OhioRiv. AL.E. December.
2,664
2,055
Ohio Southern.. December.
78.606
42,387
711,312
701,228
Orn.Kan. C. AE. 3d wk Jan.
16,844
47,512
31,850
10,031
Oregon Imp. Co. O ctober... 349,<02 277,383 3,251,600 2,720,562
Oreg.BB.ANav. 3d wk Jan. 113,638
i
80,-69
332,983 S 233,475
Oreg. Sh. Line.. Novemb’r. 548,317 526.477 5,438,526 5,105.282
Pacific Mail...... December. 327.076 388, s80 4,179.483 3,968,503Pennsylvania. I . Deoember. 5,617,804 5,192,H 64,223.170 62,096.576
04
Peoria Deo.&Ev. 4th wk Jan
19,649
24,2*8
70,686
71,475
Petersburg........ December.
44,047
40,907
563,948
549,845Phila. A E rie.... Novemb’r. 496. *64 476.596 4,255,057 4,161,177
Phila. A Bead... December. 1,947,586 1.739 241 21,313,422 21,034,368
Coal A Ir.C o.. Deoember. 2,024 988 1.770,699 22.448,533 22,787,421
Tot. both Co’s. Deoember. 3,972,574 3,509.940 43.761.955 43,771,789
Ph. Bead. AN.E. December.
57 952
55,127
664,836
687,417
Phil. Wilm. A B. December. 744.903 675,803 8,942,149 8,881.721
Pitts.C.C.ASt.L. December. 1.527,506 1,230,346 15,149.793 14,439,029
Pitts.Lisb.AW’n December.
4.891
47.541
43 994
4,308
Pitts.Bes.AL.E. December.
75.595
639.512
49,555
642,593
Pittsb. A Wes’n. 3d wk Jan.
25.022
23,485
69,437
70,455
Pitts. Cl. A Tol. 3d wk Jan.
15.106
30,320
10.107
41,008
Pitts. Pa. A F . 3d wk Jan.
2.933
9,425
5,993
1,997
Total system.. 4th wk Jan
58,035
47,452
177,905
154,220
Pitt. Young. A A. December. 113.150
6 <,892 1,462,757 1.383,101
Rioh.Fr’ksb AP. Novemb’r.
65,260
643.499
642.464
48,999
Rioh. A Petersb. December.
25,958
24,672
335,137
338,074
Bio Grande Jet Novemb’r.
37,459
26.355
Bio Gr. South’n. 4th wkJan
26,295
37,706
11,618
7,780
Bio GPde West. 3d wk Jan.
54.000
40,350
109,950
144,500
St.Jos. A Gr. I ... 4th wkJan
78,504.
27.106
91*106
20,259
St.L. Oh.A St. P. December.
33.000
25,500
297,847
306,308
St.L.Ken’etASo. December.
6,580
66.123
5,981
St.Ii.ASan Fran. 3d wk Jan. 119,091 107,879
2*97',4 ÏS
331,784
SkL. Southwest. 3d wk Jan. 106,900
263 OuO
88,600
308,700
St. Paul A D ul.. December. 118,483 107.405 1,608,569 1,537,461
San Ant. A A. P. Deoember. 190,375 218,273 2,051,806 2,117,289
SanFran.AN.P. December.
805,660
59,324
744,09251.181
S.Fe Pres. A Ph. 3d wk Jan.
28.712
12,450
8,156
36,328
Sav. Fla. AWest. Novemb’r. 297,694 295.921 3,112,465 3,118,489
8her.8hrev.A8o. 4thwkDeo.
328,547
13,234
314.944
11,623
Sil. Sprs. O. A G. Novemb’r.
174,090
13,668
12,562
175,487
Siiverton.......... December.
5.500
3,843
Sioux C. A Nor. Novemb’r.
21,232
205,562
253.622
30,637
So.HavenAEast Deoember.
1,658
1,923
27,78626,806
So. Pacific Co.—
GaLHar.A S.A Novemb’r. 408,971 507,190 4,010,582 4,643,188
Louis’ a. West. Novemb’r.
62,166
831,891
86,115
802 O il
Morgan’ sLAT. Novemb’r. 505,583 613,241 4,492.777 4,696,896
N.Y.T. A Mex. Novemb’r.
35.899
259.462
40,059
317,200
Tex. AN. Orl.. Novemb’r. 108,467 130 671 1.301,271 1,237,385
AtL Prop’tes.o Novemb’r. 1,164,275 1,411,464 11.119,312 11,872,952
Pacific system Novemb’r. 3 302.107 2,682,970 31,648.783 29,118,917
Total of all./ December. 4,811 940 4,324,259 50,889 751 48,646,102
So. Pao. of Cal. Novemb’r. 960,221 793.185 9.356,056 9.082,990
So.Pao.ofAriz. Novemb’r. 235,233 214,634 2,306.860 2,060,799
So.Pao.ofN.M. Novemb’r
108,862 106.841 1,205,799 1,041,864
Northern By.. Novemb’r'. 210,932 190,717 2,083,981 2,031 007
Southern B y .... 3d wk Jan. 399 023 372.738 1,127,934 1,073,804
Spok.F’ls A Nor. O ctober...
49,521
356.995
44,089
518.673
StonyCl. AC.Mt. Novemo’r.
38.562
1,092
1,381
33,895
Texas Central.. 3d wk Jan.
14,369
6,379
4,474
,900
21
Texas A Pacific. 3d wk Jan. 140,265 133,709
406,434
455,570
Tex. S.V.A N.W. Septemb’r.
4,569
3,5b7
Tol. A Ohio Cent. 4th w kJan
40,461
40,092
139021
137,733
Tol. P. A West.. 3d wk Jan.
50,690
57.629
18,304
18,189
Tol. St. L. A K.C. 4th w-k Jan
163,143
159,046
48,861
48,334
Union P a cificUnion P .R R .. Novemb’r. 1,696,410 1,363,337 15,003,829 13,206,698
Ach.Ool.A P. l Novemb’r.
301,464
31,143
470,657
48.661
Aoh.J.O.AW >
Gent. Branch 3d w kJan’
45,000
21.000
16.0001
67,000
697,171,
Cen.Br.AL’dL Novemb’r. 104,628
75,591 1,029,554
GPd total... Novemb’r. 1,988,962 1,561,810 17,692,296 15,087,533
Un.P.Den.AG,. 3d wkJan.
65,406
230,226,
183.951
70,842
941,751
835,- 59
4th wkJan 300,128 27',537
Wabash........
282
R oads .
THE
Latest Gross Earnings.
Week or Mo 1897-98.
1896 97.
C H R O N IC L E ,
Jan 1 to Latest Date.
Net Earnings ttonthiy to Latent Dates.—The table follow
ing shows the gross a <d net earnings of S team , railroaia
reported this week. A full detailed statement, including all
$
$
243,490 roads from which monthly returns can be obtained, is given
207,024
2,5 0,94' 2.554,928 onoe a month in these oolumas, and the latest statement of
1,137,553 1,162,612 this kind will be found in the Chronicle of January 23, 1898.
326/826 The next will appear in the issue of February 19, 1898.
329.859
532,151
1897-98.
1896-97.
$
$
32,236
Waco &Northw. Novemb’r.
24,795
163,574 152,S18
W. J ersey&Sea’e December
W.V.Cen &Pitts December.
93,387
98,306
35,164
WestVa.* Pitts. O ctober...
36,285
539,370
50,234
62,475
Western of Ala. Novemb’r.
154,200
167,-00
58,900
West. N.Y.&Pa. 3d wk Jam
51,600
75.833
122,948
20,244
38, 83
Wheel. & L. Erie 4th wk Jan
189,279
253,434
64,964
Wisconsin Cent. 3d wk Jam
93,0u0
84,750
80,668
8.289
9,158
Wrightsv. &Ten. Novemb’r.
63.286
64,395
6,080
5,718
York Southern. Novemb’r.
«These figures include results on leased lines, b Includes earnings
from ferries, etc., not given separately. JMexiaan currency, d In
cludes operations of the Ohio. Burlington & Northern in bolu years,
5 Covers results of lines directly operated east of Pittsburg.
t Chesapeake Ohio & So’ western included, beginning with July, Ohio
Valley,beginning with August, and Chicago & Texas beginning Octo
ber, but each road for this year only.
.
t Figures from July 1 inolude results on A. T. & S. Fe, Gulf Col. &
8. Fe, S. Fe Pacific (old Atlantic & Pacific» and So. Cal. By. Results
on Sonora Ry. and New Mexico & Arizona Ry., formerly included, are
excluded after July 1.
Latest Cross Earnings by Weeks—The latest weekly earn
ings in the foregoing are separately summed up as follows:
For the fourth week of January our preliminary statement
oovers 35 roads, and shows 13’05 per cent increase in the
aggregate over the same week last year.
1898
Ann A r b o r ............... .
A tla n tic & D a n v ille .........
Balt. & Ohio Southwest..
Canadian P a cific.... . . . .
Chesapeake & O h io ......
Chicago & East. Illinois.
Chic. Great Western.......
Chicago Milw. & St. Paul
Cboo. Okla. & Gulf____
Ulev. Lorain & Wheel’g..
D en ver* Rio Grande...
Evansv. * Indianapolis.
Evansv. & Terre Haute..
Georgia * Alabama
International & Gt. No..
Iowa C entral..............
Kanawha & Michigan—
Kan. City Pittsb. & Gulf
Kan. City Sub. B elt.......
Lake Erie & Western....
Mexican Central..............
Mexican National . . . . . . .
Minneapolis & St. Louis.
Mb. Pacific & Ir >M t..
Central Branch ........
N- Y. Ontario A Western
Norfolk & Western.........
Peoria Dec. & Evansv...
Pittsburg & Western—
R,o Grande Southern—
8t. Joseph * Gd. Island..
Toledo & Ohio Central...
Tol. St. L. & Kan. City..
Wabash................... ......
Wheeling & Lake Erie...
1897.
$
41,546
10,610
146,488
472,000
299,314
86,300
12 ',757
762,494
26,000
39,674
195,600
6,758
28.392
34,723
96,370
40 701
12,468
84,744
12,265
84,904
363,368
141,423
43.609
673,010
33.000
88,298
187,77«
19.649
58,035
11,618
27,106
40.461
48,861
300,1238.483
Increase.
*
29,293
7,739
154,10353,000
293,560
8tj,500
102,641
662,311
18,00
28,055
154,400
6,491
25,948
23,9-8
78,428
34,854
12J37
34,255
7.926
77,179
383,204
113,573
39,690
4,681,983
4th week of January.
4,141,583
618,000
33.000
74,430
177.037
24.298
47,452
7,720
20.259
40,092
48,334
273.537
20,244
Net Inorease il 3"05 o. od
9
12,253
2,871
119,000
5,754
••
18,116
100,18 *
8,000
11,619
41,200
267
2.444
10,735
17,942
5,907
431
50.489
4.339
7,725
27,850
3 .9 19
30,00o
13,868
10,739
10,583
3,898
6,847
369
527
26,591
18,239
572,705
540.400
Decrease.
$
7,620
. . . . ...
.... ...
200
. . . . ...
........
.......
.... ...
. . . . ...
...
. . . . .. .
. . . . ....
19,836
........
.... ....
........
........
4,649
. ...
.......
............
32,305
For the third week of January our final statement oovers
83 roads, and shows 13-25 per cent increase in the aggregate
over thè same week last year,
8a weed o f January.
Previously rep’d (67 r’ds)
Burl. Ced. Ram & North
Cleve. Canton & South’n.
C e v Oin. Chic. & St. L..
Des Moines & Kan. City..
Dnlnth Ho. Shore A At*
Ft. Worth & Denver City
Ft.WoJth A Rio Gr........
Iowa C en tral................
Kan. City Ft. 8. * Mem.
Kan. C, Mem. & Birm___
Kansas City & Omaha...
Keokuk A Western..........
Bar*. Fe Pieseott & P hx..
Texas Central............... .
Toleno Peoria & West’n..
Un.-Pao. Den. & G alf....
Increase. Decrease.
18«».
1897.
ft
$
$
34,776
6,601,421 5,784,028
852,169
4,124
75,632
........
71,508
10,412
1,902
. . . . ---.
12,31«
....
243,859
333
243.521
3,194
393
2,801
. . . ...
3.461
27,604
24,143
8,210
........
»20.558
28,768
........
1,007
7,945
6,938
.......... .
28,051
3,138
31,189
75,920
79.374
3,451
1.0/4
29,442
28,368
........
5,514
4,925
58 9
.... ...
1,183
6,275
7.458
4,294
........
12,450
8,156
4,474
1,905
6,379
18,189
115
18,304
65,406
5,416
70,842
Total (88 roa d s).......... 7,257,227 6,408,135
Net. increase 0 3-25 p.c.1. : ..............
...........
888,330
8 49,0 9 ¿
39,238
............
The following will furnish a comparison of the weeklJ
results for a series of weeks pa st.,
WEEKLY GROSS EARNINGS.
1896.
$
'
8,023,583
8,041,925
8,295,884
12,132,678
N o v .— 1st week trO r’ds). 8,71«,714 7,048,227
“
2d Week (-*3 r’ds). 9,095,554 7.627,857
“
3d week (79r’ds). 9,118,056 7,859,261
4 tb week (90r’ ds).11,780,765 9,081,537
De0.—is t week (85 r’ds). 8,466,858 7,32 *,277
“
2d week (84 r’ds). 8,536,079 7,618.955
“
3d week (85 r’ ds). 8,147,946 7.569,804
“
4th week (83 r’ds). 11,650,751 10,187,270
1897.
1898.
5,717,108
6,452,014
2d week (85 r’ ds).
3d week (83r’ds). 7v2 57,227 6,408,135
4,141,583
Period and number o f
roads included.
1897.
$
. V o l . L O lì. ;
Changes.Amount.
P. et.
$
981,255 Ino. 12-23
1,1 8,400 Inc. 13-91
920,182 Inc, 11-09
749,474 lue.
6-18
1,698,487 Inc. 21-10
1,467,69 7 Ino. 19-24
1,258,795 Ino. 16-02
2,699,228 Ino. 2 »-72
1,146,581 Ino. 15-66
917,124 Ino. 1 2 0 4
578,142 Ine. 7-64
1,463,481 lue. 14-37
1,045,328 Ino.
1,020,363 Ino.
849.C92 Ine.
340,400 Ine.
18-28
15 81
13-25
1305
-Gross Earnings.—
-Net Earnings.18x6.
1897.
1897.
1896.
Roads.
$
$
$
6,403
Bath A Hammonds .Nov.
$6,108
4.334
4.191
38,603
35,574
Jan. 1 to .Vov. 3 0 ....,
16.75 5
17,142
25,422
25,183
July I to Nov. 3 0 .....
16,346
15,967
Canadian Pacific.a..Deo 2,3 2 ¿,742 1,925.871 1.05 1,45 4
92 1.432
Jan. 1 to Deo. 3 . ...21,044,535 20,681,597 10,30 1,7 7 8,107,512
Chic. Term. Trausf-.Doo.
93,049
62,449
July 1 to Dec. 3 1 .....
549,910
371,326
273,826
567,5S5
Den. & R, Grande.b..Dec.
760,924
215,879
Jan. 1 to Deo. 3 1 ..... 7,651,123 7.2 {8,374 3,119.954 2,901.952
July 1 to Deo. 31....... 4,475,468 3,769,459 1,786,64 5 1,536,170
23,95 4
D etroit* Mack’ o.a .Dec.
29.6L5
9.8 27
2.236
400,813
Jan. 1 to Dec. 31.......
464.2 82
117 8L8
119,701
199,943
14 í,410
July 1 to Deo. 3 4 .....
46.4 j6
25,496
159.196
148,757
G eorg ia .a ............... Deo.
43,547
35,797
Jan. 1 to Deo. 31....... 1.6 LO,032 1,558,788
415,15 8
451,447
July 1 to Dec. 31_ _
_
863,494 *257.652 *291,357
882,870
120.196
G eorgia* Aiab'a.a-Dec.
86,538
42,88 2
24.830
Jan. 1 to Deo. 31....... 1.129.6 Í3
317,369
888,4 52
219.252
523,193
July 1 to Deo. 31.......
632,983
213,123
1.79,807
Iowa Central.b.......Dec.
16',342
132,137
54.525
44 209
Jam 1 to Deo 3 t....... 1,728,964 1,725.37 s
559,627
577.988
July 1 to Deo. 31.......
976,705
814,728
341,228
256,430
Jack. Tam. & K. W...Dec.
30,6 17
5.95 4
26,407
158
Jan. 1 to Deo. 3 1 .....
304,192
308,68 i
3L.42 7
6,183
Apr. 1 to Dec. 3 1 .....
216,960
2L8.757
17,637
5.180
47,66 L
Kanawha * Mich.b..Doc.
49,869
13,064
18,637
535,1 *9
Jan. 1 to D c. 31.......
467,966
148,295
U S ,733
July 1 to Deo. 31.__ _
291,472
23 7,944
87,132
6 4.049
Lehigh Valley RR...D eo. 1,539,113 1,551,3 0
356,924
464,082
Lehigh Val. Coal Co. Deo. 1,503,977 1,459,762 def.59,395 def.29,576
Louisv. & Nashv.b..Deo. 1,925,277 1,851,971
708.421
67L.95S
Jan. 1 to Dec. 31...... 20,853,203 20,2 83,5 46 6.802,221. 6,512.316
July I t o Deo. 31. . . . 1 1,073.814 10,542,447 3,310,336 3,531,253
Madison G a s * Eleo..Deo.............................. .
.
6,098
6,465
April 1 to Deo. 31....................... .
.......
33,42 ¡
31,343
Mexican Central.....Dec. 1,225,111 1,015,921
312,490
475,545
Jan. 1 to Dec. 31.......12,845,820 10,208,017 4,016,343 3,483,746
158,393
159,821
Mobile * O hio.......... Deo.
401,028
367,132
Jan. 1 to Deo. 31....... 4.012,704 3,715,754 1,327,561 1,2 70.565
July 1 to Deo. 31....... 2,135,37 4 1,930,52 7
761,110
817,774
63
4,447
3,0 14
Nevada Central........Nov.
1.557
6,205
Jan. 1 to Nov. -*0 . . .
37.757
7.9 41
32.741
4,657
July 1 to Nov. 30 ..
4,701
17,745
20,127
N. Y. Phil. & Norfolk—
25,633
Oct. 1 to Deo. 3 L .....
214.024
33.095
203,189
200.232
Jam 1 to Deo. 3 1 .....
945,833
894,510
175,452
314,727
984,021
979.024
Norfolk & West’n.a. .Deo.
3 46,070
Jam 1 to Dec. 31...... 10,892.257 11,081.866 3,253,22 1 2.331,659
July 4 to Dee. 34...... 5,772,157 5,417,623 1,881,287 1,265,333
103,826
24,163
Paoiflo Mail. ..........Dec.
327,076
388,880
610, r30
732,009
Jan. 1 to Deo. 31. . . . 4,179,483 3,968.503
482,070
May I t o Deo. 31....... 2,640,441 2,630,324
437,319
143,750
169,950
Phila. Wilm. * Balt..Deo.
744,903
675,803
Jau. I t o Deo. 34....... 8,942,149 8.881.7 ' I 2,144,221 2,318,055
339,499
396,6 99
Nov. 1 to Deo. 3 L . . . 1,498,962 1,348,062
.
69,705
95.479
203 400
Rio Grande West.b. Dec.
270,444
8 23,792
Jam 1 to Deo. 31.___ 2,974,223 2.102.8 43 1,116,865
440,440
693,348
July 1 to Dec. 31....... 1.804,227 1,291,507
35.3 8 ) def. 15 065
8 8,545
8t. Jos. & Gd. Is l._ Deo.
_
112.143
451,2 81
113,533
Jam 1 to Deo. 3 L ..... 1,162,764
724,167
67,430
435,963
25 .>,3/8
July 1 to Dee. 3 1 .....
659,641
South Car. & Georgia—
234,130
278,690
592,677
J uly 1 to Dec. a l .......
695,903
Southern Paoiflo.b..Deo. 4,811,940 4,32 4,259 1,915,318 1.537,723
Jam 1 to Dm. 31...... 50,839.751 48.648.102 18,762,614 16.742,065
July 1 to Deo. 31...... 28,470,123 26,452,27112,014,935 10,440,122
41,907
160,193
62,334
Toledo&Ohio Cent. b. Dec.
181.216
49 *,071
513.455
Jam 1 to Deo. 3 1 ..... 1,732,108 1,797.600
231,379
924,8s9
2/9,128
July 1 to Deo. 31......
908,429
' ' W. Jersey & Seash’e. Deo.
8.453
152,318 def. 15,739
163,574
536,838
59L.922
Jan. 1 to Deo. 31. . . . 2,550,949 2,554.920
62,670
226 487
92,378
West. N.Y.&Penn. b..Deo. 263,703
Jan. 1 to Dec. 3 L
....... 3,L30,463 3,0 86,651 1,017.355 1,061,433
632,201
737,723
July 1 to Dec. 31....... 1,848,825 1,671,137
a Net earnings here given are after deducting taxes,
b Net earnings here given are itefore deducting cates.
* After allowing for other income received, total net from July 1 to
December 31 was $288,916, against $325,233.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the fore
going, also report oharges for interest, >&o., with the surplus
or deficit above or below those oharges.
Roads.
Chie. Term. Transf..Deo.
July 1 to Deo. 31.......
D enver* Rio Gr’de..Dec.
July 1 to Deo. 3 1 .....
Kanawha & Mich_ Dec.
_
July 1 to Deo. 3 L . . .
.
South Car. & Georgia—
July 1 to Deo. 31.......
Toledo & O. Cent...... Deo.
July 1 to Deo. 3 1 .-...
*
—Int. Rentals, die. —- , ■Bal. o f Net Earn’ gs.—
1896.
1897.
1896.
1897.
$
$
$
$
8,484
53,965
50,163
321,163
21,650
76,94 5
196,384
141.211
360,433
586,856
1,199,789 1,176,017
8,250
1,311
10,387
11,753
2,317
18,41.4
61,732
69,018
170,350
42,254
236,097
161,150
37,866
227,263
108,340
*29,397
*48,044
72,980
*4,266
*5,998
* After allowing for other income received.
STREET RULVT1YS A.ND TRACTION COttPANIES.
The following table shows th ) gross earnings for the latest
period of all street rail vays from which we are able to ob-
THE
F ebruary 5, 1898. J
C H R O N IC L E
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two oolumas of figures give tae gross earnings for the
atest week or month, and the last two columns the earnings
or the calendar year from January 1 to and including such
atest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
G r o ss
E a r n in g s .
Jan. 1 to Latest Date.
1896-7.
1897-8.
1896-7.
Annual Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have oeen published since the last editions
of the I n vesto rs ’ a n d S t r e e t R a il w a y S u p p l e m e n t s .
This index does not include reports in to day’s C hronicle
a il r o a d a n d
Volume 66—
M is c e l . C o ’ s
Page.
American District Telegraph........
Cheraw & Darlington.......................
«
Chicago Teiepnone. .. ..................97,272 Coicago « Great W e s t.. .half-year.
49,176 Delaware & Hu isou Canal ............
86,082 Delaware Lackawanna & Western.
Lehigh Valley
............. 15-*, 181,
............ Manchester s A ugusta...................
N orfolk & C a r o lin a ........................
Northeastern R it. <of So. C ar.).. . .
2,2(50.186 Phil. W ilmingt in & B altim ore....
20,441 W estern Maryland .........................
W estern Stone 3o...................
..
Wilmington Columbia & Augusta.
St r e e t R a i l w a y s .
320,817
$
$
$
6 578 101.321
6,985
Akron Bedf’d & CfiflV' December.
49 874
3,982
4 /9 6
Amsterdam 8t Ry. December.
6,624
6,117
89,161
Atlanta Railway. .. Dec-mber.
6,282
7,721
Atlantic Coast Elec. O ctober...
............
Atl. HigliTds Red B’ k
2,103
38,582
2,863
& Long Br. Eleo.Ry Novemb’r.
Baitimoj e Con. R y / ... December. 188.039 L79.675 2,324,476
1,424
20,40?
1,576
Bath 8t Ry. (Maine) December.
7,314
7,07 ■ . . . . . . . .
*
Bay Cities Consol — December.
Binghamton 8t. Ry... December. 13,719 12,412
Bridgeport Traction. December. 27,612 23,934 321.446
17 3 6 341.832 311.29«
Brockton 0<>n. 8r. Ry. December. 28.90
93,000
Brooklyn Elevated.. January... 98,000 89,000
89,000
Br’ kiyu Rap. Tr. Co.—
Brooklyn Heights > J anuary... 414,810 392,286 414,810 392,286
B’ klyn Q’ns < Sub. y
&
...
Calumet Electric....... December. 14.892
9,562
Charleston City R y..
13,549
Citizens’ 8t.Ry .ludp. December. 87;07>O 77.37H
4,253
Citiz’ns’ (Muncie Ind.) December.
5,687
61,479
57,546
1,699
21,018
1,791
City Elec. (Rome.Ga.) December.
20,524
Cleveland Eleotrio... December. 146 485 135,572 1,632,020 1,634,842
87,533
6.052
Cleve. Painsv & E. December.
7,1 **
53,700
Columbus 8t. Ry. (O.) January... 53,700 46,870
46,870
Consoli’d Trac. (N. J.) December. 266,152 2 j9,2 s O ............
............
Danv. Gas El. Light A
95,785
Street Ry................ Novemb’r. 10,141
Denver Con. Tramw.. December. 6»,995 57.«97 723,368 724,511
62,438
Detroit Citi’ ns’ St. Ry 3d wk Jan. 20,940 18,257
55,918
Detroit Elec. R y ...... December. 35,925 34,842 394,213 423,"69
Duluth St. Ry............ December. 16,337 15,127 189,450 212,730
Erie Elec. Motor Co.. December. 12,187 11,317 140,848 150,504
19,148 163,399 161,692
Galveston City R y ... Septemb’r. 18,54
Harrisburg Traction. December. 20,127 18,057
............
............
Herkimer Mohawk II
3,492
3,765
39,571
42,604
ion <s F’kfort El. Ry. December.
6uo
6 i9
6,541
Hoosiok R v ............... October...
7,233
Houston Elec. St. Ry
19,698 17,547
Interstate Consol, oi
9,837 129,651 123,860
North Attleboro__ December. 10,615
4,554
54,909
54,333
4,689
Kingston City Ry..... December.
9,654 109,100 120,980
9,155
Lehigh Traction........ December.
8,626
7,685 101,366
94,195
London St. Ry. (Can.) December.
Lowell Law. & H av.. December. 32,881 29,0 »4 440,226 408,927
Metrop.(Kansas City) 3d wk Jan. 34,115 29,831 100,348
87,718
Metro. W. Side (Chic.) December. 105,420 T -•*54,914
4,950
4,69»
57,291
Montgomery 8t. Ry. December.
Montreal Street Ry.. December. 113,120 103,116 1,360,902 1,275,932
Nassau Elec. (B’klyn) January... 135,438 109,623 135,438 109, '23
5,150
5,884
83,2 29
85,691
Newburgh Electric... December.
3,032
3,31.
New London 8t. Ry. December.
5 3 /8 7
53,428
NewOrleansTr action December. 107,93 t 109,930 1,237,25 1,322,825
43,241
45,506
North Shore Traction 2d wk Jan. 23,021 21,285
17,510
1,342
1,399
20,089
Ogdensburg St. R y... December.
Paterson R y............... December. 29,689 25,365 347,023 319,085
6,179
6,065
86,406
86,131
Po’keepsie & Wapp.P. December.
8,034
Richmond Traction.. Deoember. 10,294
791,181 847 440
Roehester Ry............. December.
4,751
4,848
84,828
R oxo’h ch .H & Nor’n December.
77,777
8,48u
8.523
Schuylkill Traction.. Septemb’r.
67,086
72,816
Bohuylkill Val. Trac December.
4,775
4,167
60,093
Scranton & Carbond’e Deoember.
3,33!5,825
Scranton & Pittston December.
Scranton Railway__ December. 36,831 32,648 3 c 6,3 ¿6 353,404
Syracuse Rap. Tr Ry December. 40,129 33,968 433,274 4i9,022
Terre Haute El’o. R y. Septemn’r. 14,259 13,705 l i 1,790 120,341
2,597.6-19 2,626 8 ->
6
Third Avenue (N.Y.). De'oember.
74 546
loronto R y. . . . . .... January... 86,563 74,546
86,563
Twin City Rap. Tran. December. 181.055 1'1,52* l,986,Oo(] 2,039.943
Union (N. Bedford).. Deoember. 17,565 17, 97 216,358 221,427
United Tract. (Pitts.] Deoember. 127,cOl 119,288
United Tract. (Prov., December. 149,076 142,416 1,73*1,210 1,•’23,450
Unit. Trac. tReading December. 14,168 13,107 194,017 189,494
Wakefield & Stone.... December.
3,917
3,682
59,3 4C
5',860
Waterbury Traction. December. 24,272 2L.770 258.613 242,671
West Chicago 8t. Ry 4ttiwk.Jan 64,625 60,17* 285,625 267,481
Wheeling Railway.., Novemb’r. 14,436 12,781 153,119 153,0L6
Novemb’r. 42.236 41.247 447,054 461,962
Includes Baltimore Traction and City & Suburban for both years.
Street Railway Net Earnings.— The following table gives
the returns of S treet railway gross and necearnmgs received
this week. Ia reporting these net earnings for the street rail
ways, we adopt the same plan as that f jr the steam roads—
that is, we print eaoh week all the returns receiyed that
week, but once a month (on the third or the fourth Saturday)
we bring together all the roais furnishing returns, and the
latest statement of this kind will be f mud in the C hronicle
of January 22, 1898. The next will appear in the issue of
February 19, 1898.
r-— Gross Earnings.— . r-Xet Earnings.------,
1897.
1896.
1897.
1896.
Roads.
$
$
$
$
3,982
543
757
Amsterdam 8t. Ry...Dec.
4,596
10,064
49,176
Jan. 1 to Deo. 3 1 .....
49,874
11,697
Buff. & Niagara P. Elec.—
10,856
Oct. 1 lo Dec. 31.......
29,534
Dunkirk & Predonia—
2,290
Oct. 1 to Dec. 31.......
5,461
Forty-See. St. Man h. &St. N. Ave.—
175,243
36,275
25,595
Oct. 1 t,o Deo. 3 1.......
187,T67
13 7,977
123,718
Jan. 1 to Dec. 3 1 .....
732,605
710,498
37,777
43,399
103,803
North Shore Tract’ n.. Dee.
108,772
6LO.460
Jan. 1 to Deo 31....... 1,450,553 1,439,475
623,020
120,973
Oct. 1 to Dec. 31.......
336,537
130,683
317,918
Troy City RR.—
54,004
Oct. 1 to Dec. 31.......
132,076
118,910
61,032
Jan. 1 to Dec. 3 1 .....
535,897
237,029
508,590
246,857
Utica Belt Line 8t. Ry.—
Oct. 1 to Deo. 3 L . . . .
59,083
20,217
27,516
48,008
ANNUAL REPORTS.
R
Week or Mo 1897-8
233
S t r e e t R a i l w a y s — (C o n .)
Volumes 65 and 66—
Page.
234 Brooklyn Rapid Transit.................. I«sl8
23.1 Chicago City R y................................lîvA
834 Globe St. ( Pall R iv er)............... ....1022
235 H artford Street R y........................... 1069
832 Hart. Manches’r & Kockv’e Tram. 1069
232 H artford & W est H artford
....... 1069
183 Hest. Mantua & Fairm’t (Phil ) ... 1 3 1
233 Lake St. Elevated O.itucigo)........ 1 3 1
233 Lehigh Trac. Co. (.Hazleton, Pa.).. 233
233 Lowell Lawrence A H avernill. ...1022
233 Lowell & Suburban. ...
. . . . ___ .1022
232 Lynn & Boston : ............................... 1171
234 Montreal Street R y .......................... 231
181 Nortu Chicago Street...................... 1 8 9
Northwestern Elevated............... . IN 9
Snringfleld (Mass.) St. R y............... 1022
Full face figures indicate V. 66. W est Chicago Street....................... 1 8 'J
Volumes 65 and 66—
W est End St. Rv ..............................1021
Brockton S tre e t........................
1022 orcester Consolidated St. R y ...1022
W
New York Chicago & St. Louis Railroad.
('Report fo r the year ending December 31, 1897.J
The statement of operations, earnings and charges has been
compiled for the C hronicle as follows : .
OPERATIONS AND FISCAL RESULTS.
1897.
1896.
$
$
Gross earnings............. 5,813,922 5,587,766
Operating expenses.... 4,821,259 4,701,351
1895.
1894.
$
$
6.317,950 5.699.239
5,089,719 4,671.977
Net earnings...........
932.663
883,415
1,228,231
957,262
N le a r n in g s .................
Other income................
992,663
7,298
883,415
9,643
1,228,231
8,583
957,262
6,990
Total.........................
999,961
893,058
1,236,814
Payments **
*
Interest on bonds.........
777,000
777,000
777,000
Rental ot equipment...
116,542
112,972
83,000
Sinking fund..........................................................
95,507
Div.on 1st pref. stock.(2%) 100,000
............(5%)250,000
964,252
777,000
86,000
91,925
Total.........................
993 5 42
889,970 1,205,507
954,925
6,419
3,086
31,308
9,327
Surplus..........................
The dividend of 2 per cent out of the earnings of 1897 was declared
this week, payable March 1.—V. 65, p. v 25.
Chicago Great Western R ailw ay.!
( Report fo r half-year ending Dec. 31,1897.J
The letter of President Stickney to the stockholders is
dated Dec. 6, 1897, and gives the approximate statement of
earnings reported last week (page 285) and describes in detail
the purposes for which the $1,100,000 of additional five-year
notes are to be applied. In addition President Stickney says;
Position as to Dividends.— The surplus (#365,676) of the six
months above the requirements of priorities and in ’erest on
4 per cent debenture stock is about equivalent to a full divi
dend of 2 ^ per cent on the preferred stock A , and but for
the balance of the deficit in the unfortunate fiscal year 189495 should be appropriated to the payment of such dividend.
But the directors are advised that it would be unlawful to
pay a dividend on the preferred A stock until such deficit had
been made good from earnings.
On June 30,1897, the company had outstanding short-time
bills payable; on revenue accounts, $183,926, and on capital
accounts, $80,964; together making $¿61,890, which have been
paid during the six months. The company, therefore, will
begin the next six-months period with both the deficit in in
come account made good and with all ifcs bills payable rq-.
tired, and will be in condition to apply any future surplus
above the interest on the debenture stock to the dividends on
preferred stock A.
Increase r>f Business.—W ith the return of better general
business conditions and improved and enlarged facilities, the
business of the company should increase in comparison with
the present six months. W ith the exception of the wheat
crop in Kansas, no single crop in the territory served by the
line was in l s97 above the normal, and in some sections the
crops were less in quantity than normal. Prices of some,
especially wheat and cattle, have been higher, bat the other
crops, like corn and hogs, which are much the larger part,
have been as low or lower than usual,
The bulk of the increased business daring the present six
months is therefore ascribable to the improvement in the
general business conditions rather than to abnormal crops
and prices, by which this company has benefited in common
with its competitors. The considerable percentage of increase
in excess of the average increase of the competitive lines
which this company has obtained, the directors believe, has
been attracted to the line by the increased facilities and im
proved co idition of road bed aDd track, which have been pro
duced by the capital expenditures of the past two years.
In the mouths of Angust, September, October and Novem
ber more freight traffic was offered than could be carried
under the present conditions.
The capital expenditures
recommended [and for which authority has been given, as
stated last w eek— Ed.] will largely increase the carrying
capacity of the line, and the management estimates that if
TH E
284
C H R O N IC L E .
the proposed improvements had been in existence the earn
ings of the six months wonld have been $200,000 and probably
$300,( 00 more than they have been.
Increased Expenses.— The expenses of the six months this
year have been materially increased by the coal miner’s
strike, which is still on in the Illinois mines, whence the
company nnder normal conditions obtains the most of its
coal supply. Besides compelling the payment of higher prices
per ton and the use of inferior qualities, it has been necessary
to haul the bulk of our coal from Kansas in the direction of
the largest traffic at a large expense, which has not been
charged to the cost of fuel, but has contributed to increase
the general co t of conducting transportation.
New Local Stockholders.—Nearly 5 per cent of all the de
benture and preferred A stocks have been purchased for in
vestment, by about forty investors living contiguous to the
line, who are al o doing business requiring railway transpor
tation, and their becoming interested as proprietors in your
line naturally tends to make them not alone customers but
solicitors of business for the line. The absorption of these
classes of stocks by small investors has also .commenced, with
a probability that in a short time the company will have a
multitude of small stockholders, living in the territory ad
jacent to the line. Besides forty-three employes have pur
chased $26.300 of the debenture and preferred A stocks, of
which $17,800 has been paid for in full, and the balance $9,0 0 is being paid for in monthly instalments of $10 each.
The directors regard the investment of local people in the
securities Of this line as not alone important to your com
pany, but to every railway interest in America, in view of the
effect it would have upon legislation to have a large number
of Western voters become owners, a class which has hereto
fore stood aloof from such investments. —V . 66, p. 235.
Alabama New Orleans Texas & Pacific Junction Railways
Company (Limited).
( Report fo r year ending Dec. 81, 1897. )
Secretary R. Y . Tomlinson says in part :
Interest Payment.—The directors have declared a payment
on Feb. 1,1*9-$, of £2 15s. per cent, less tax, in respect of in
terest on the “ B” (income) debentures, leaving £7i6 16s 7d.
to be carried forward.
Flood. —• n the Vicksburg Shreveport & Pacific road, in
O
April, the,Missis ippi River overflowed, the levee flooding 17
miles of track, and suspending through. traffic till Mav 26.
This interruption caused a Ioîs in earnings of at least $15,000
and additional expenditure of over $6,000 for repairs.
Alabama & Vidcsburg Dividend.—The Alabama & Vicks
burg Company paid a dividend of 5 per cent on its common
stock in 1897, as against 3 per cent the previous year. This
company was also affected by the overflow.
Bonds Paid.— The second mortgage debt has been further
reduced by the purchase in December last of $23,700 bonds
out of the proceeds of land sales.
Quarantine.— The closing months of 1896 were exception
ally bad for business in the United States, and it was hoped
that in the corresponding months of 1897 the railways would
show increases. Unfortunately, in the month of September
yellow fever broke out. Quarantine restrictions of the most
stringent kind were introduced, and on Sept. 20 traffi * was
.
entirely suspended on the Vicksburg Shreveport & Pacific
and the Alabama and Vicksburg roads, and though traffic
was not stopped on the New Orleans & North Eastern, it was
seriously affected. Business was generally resumed during
November, and the receipts since that time show increases.
On account of yellow fever the ballasting of the New Or
leans & North Eastern was suspended. There remain about
42 miles to be ballasted, which it is hoped will be finished in
about fifteen months.
C. N. O. & T. P. Ry Stock.— With regard to the $532,000
stock held by this company in the Cincinnati New Orleans &
Texas Pacific Ry., the directors, acting in accord with the
Alabama Great Southern Co., have exchanged this stock for
the same amount of stock in the Southwestern Construction
Company. They have further agreed to a sale of a por
tion of it,
Prospects.—The directors report substantial progress
towards increased prosperity, and they believe that, even if
traffic receipts should remain as they now are, better revenue
results will gradually accrue, as the large expenditure of
revenue on improvements will diminish in the next few years.
Income Statement — The following statement has been
compiled for the C hronicle as follows :
1897.
1894.
1896.
1895.
£43,854 £45,559 £31,599 £39,273
.
9,777
8,168
5,764
7,753
. 10,465
11,420
10,613
346
2,904
3,084
3,222
3,000
219
Spanish Fort RR. and property
„
22
Si
Soç
174
.
1,336
421
22 6
116
Income Jrom investments
.£68,341 £68,571 £51,359 £50,295
. 3,765
3,590
3,835
3,6 4
. 1,879
1,428
1,475
1,753
36,194
36,194
16,194
36,253
. 27,87C
25,336
8,867
10,134
Balance
(including
s
£716
£2,085
•
£62
£341
Earnings.— The earnings of the several properties in which
the company is interested have been as below :
[V o l . L X v i .
1897.
1896.
1895.
1894.
Year ending June 30—
$
$
$
$
N. o. & North Eastern, gross.1,313,2541,419,720 1,228,760 1 ,293,06»
Net earnings............... .
298,427 366,971 240,223 228,981
Alabama & Vicksburg, gross. 637,529 575,072 555,676 5 6 5 ,7 8 »
Net e a r n in g s ................. 186,394 160,958 129,971 129,447
Vicks. Shreve. & Pac., gross.. 572,929 558.8l l 5s0,113 550,217
Net e a r n i n g s ................. 147,050 151,683 115,513 128,536
Balance Sheet.— The balance sheet on Dec. 31,1897, showedr
Preferred “ A” shares
fully paid...... 1T£1,500,000
Debentures..... tf2,607,893
Accrued interest on
“ A” debentures.......
6,241
Sundry outstanding
accounts........... .
3,577
Net revenue account.
28,586
Total.....................
£4,146,297
Capital expenditure
account.................... £3,690,031i
Revenue to Sept. 30,
18 9 0 ..........................
417,862Outstanding account.
1,248*
Cash.............................
37,156-
Total.
£4,146,297
H There are also outstanding £250,000 deferred *‘ P” shares, issued
as fully pal i under agreement of 23d June, 1881, as also certificates
representing £28,494 in all, issued in part payment of four coupons
of first debentures, which became due in 1885,1886 and 1887. Tosecure these certificates second debentures were delivered to trustees,,
who exchanged the same for £34,192 16s. (nominal) of “ C’ r deben
tures, which they now hold.
N o t e . —The unpaid interest due from the New Orleans & Northi
Eastern (of which a portion is to be funded), and from the Vicksburg.
Shreveport & Pacific , amounts to £1,051,678 18s.—V 6 i, p. 325.
Baltimore Chesapeake & Atlantic Railway Co.
CReport fo r the year ending Aug. 81,1897.)
President John S. Wilson says in part:
Up to the 1st of August the business depression continued
to an intensified degree. Since about that date, however,,
the general improvement throughout the country has been'
felt by your company, and the result is that our earnings*
have been and still are increasing materially.
Arrangements are being perfected for opening up new
markets for the produce of the Peninsula, to be shipped via
Baltimore, which will, it is believed, add very materially
during the coming year to the earnings of the company, at
the same time very greatly benefiting the producers on our
lines, who are thus enabled to obtain better prices for their
products.
Notwithstanding the depression in business the repairs to*
steamers, wharves, railroad and equipment have been well',
kept up, and your property is in good condition.
Statistics.—The earnings, balance sheet, etc., have been'
compiled for the C h r o n ic l e as follows:
E A R N IN G S , E X P E N S E S A N D C H A R G E S .
Earnings—
Passengers...........
Freight..................
Mail, express, etc.
1897.
$193,953
267,707
27,343
1896.
$204,125
271,660
21,923
Total.......... .
Expenses—
Transportation.
Equipment. ...
W a y..................
General, etc....
$489,005
$497,707
$514,108-
$232,282
45,411
34,718
95,050
$244,194
39,516
36,924
89,303
$241,390'
27,698
25,08590,129
T otal.........................
.......
Net earnings.
Miscellaneous in com e..
$407,462
$81,543
2,257
$409,937
$87,770
829
$384,302'
$129,806;
Total............................................... $83,800
Interest on bonds............................. $62,500
Interest and discount.......................
$88.599
$62,500
$130,492
$62,500
242
1895.
$198,249*
294,061
21,798*
686 -
$62,742
$62,500
$67,750$26,099
G E N E R A L B A L A N C E S H E E T A U G . 31, 1897.
Liabilities—
Assets—
Common stock.............$1,000,000*
Ry., steamer lines and
equipment.................. $3,841,966 Pref. stock cum., 5 p c. 1,500,000 •
Stocks of other cos. ..
100 First mort. 5 p. o .......... 1,250,000*
Bills and ace’ts receiv..
25,966 Accrued interest..........
31,250
Materials on hand........
3,014 Acc'ts and bills payable
42,724Due by agents...............
12,806 Individuals and c o s ....
1,743
Insurance paid in adv .
5,286 Profit and loss...............
115,536 Cash on hand...............
52,116
Total..............................................
Surplus.................. .............................
Total........................ $3,941,254
—V. 64, p. 842.
$62,500
$21,300
Total.........................$3,941,254
National Railway Company (St. Lonis.)
(Report fo r the year ending Dec. 81,1897.)
The report of President Hamilton says in part:
Financial Condition.—On Dec. 31,1897, after payment of tw elve
months’ expenses and fixed charges and dividends for the year,
and with no unpaid bills or floating indebtedness outstanding, there was remaining in the several treasuries of the companies $51,944 in
cash. No bonds were disposed of during the year, but all amounts re
ceived for track rentals were invested in bonds! The management
has contracted for thirty new large cars for the Cass Avenue line,
which will be completed in March.
Excepting the amounts hereinafter mentioned as having been paid
for betterments and additions—to-w it; $20,625 43, all other expend!-"
lures on the properties have been charged to operating expenses. The
properties have been well cared for and are in good condition, both as
to traok and equipment.
Business.—During the first eight months of the year there was a
shrinkage in receipts below the normal, as was experienced by street
railways in every city, but the last four months show a marked in
crease, which still continues. The total income, however, available
for dividends on the company’s outstanding stock was $209,494, or
8*45 per cent.
Operating Oost by Cable and Electricity.—The cost of operating per
car mile w as: By cable, 6TOc ; by electricity, 8T8c.; average of both,
7*38o. The total expense, including interest, etc., per car mile, w as;
By cable, 8 34c.; by electricity, ll-8 0 c.; average by both, 10*38o.
Total cost to carry each passenger: By cable, 4*22c.; by electricity,
4*27c.; average by both, 4-25c.
Betterments and Additions.—There has been expended for better
ments and additions the sum of $20,625 43, which included: One
hydraulic lift for cars, granite paving, tw o additional sweepers, an
F ebruary 5
THE
18C8.J
OH R O N IOLE,
-additionto and a new fireproof roof over the Cass Avenue power
liouse, and a small amount o f cable construction on St. Louis RR.
Earnings.— The earnings, etc., have been as follows:
1897.
1896.
1895.
1894.
Passengers carried..........29,359.915 30,379,669 28,029.177 27,006,635
■Car m iles.......................... 12,010,683 12,324,246 11,445,075 11,446,890
' <'
£
$
$
$
•Gross receipts.............
1,467,976 1,522,273 1,403,957 1,’ SS,136
Expenses..........................
879,939
893,518
821,315
776,582
N et............................. .
Int., taxes, insurance___
588.037
366,746
628,755
377,413
582,642
366,587
576.554
337,685
Surplus gains............
Profits on stk. controlled.
G th er income....................
221,291
189,929
19,565
251,312
209,092
19,565
216,055
179,141
19,565
209,494
148,770
228,657
79,887
198,706
148,770
$203,319
93.259
29,343
T o ta l..................... $11,323,630
—V. 65, p. 195.
I Liabilities—
|S tock . . . . . .
I Funded debt. . .......
Taxes (1897)........
Current liabilities.
Profit and loss.......
$10,323,800
750,000
30, 00
1*7,886
121,944
T o ta l...,.................$11,323,630
196,859
154,000
Net earnings................. $272,408 $275,674 $242,341
Interest on bonds ............ ? 1 7 ^ in*. 5 112,960
100,125
.Rentals, taxes, eto..............5 iyo . iod £
43,380 34,089
The balance sheet of Dec. 31,1897, shows:
Assets—
Cost of property.$10,616,783
Capital stock on hand.
55,380
Supplies..............
12,959
Current assets..
16,192
15,000
C. E. b o n d s ................
Cash...................
607,316
238,869
196,859
Total............................
Dividends paid................
285
Street’s Western Stable Car Line.
( Report fo r year ending Dec. 31, 1897.)
A t the annual meeting President Fischer said:
Refunding Bonds.—An arrangement has been reaohed with Chicago
financial interests for the retirement of all of the bonds outstanding
Jan. 1,1898 ($400,000 of 7 per cents), and the substitution therefor
Surplus.......................
60,724
148,770
49,936
42,859 of bonds drawing 5 per cent interest, whioh latter bonds are to be re
Earned on outstand’g stk.
9-22%
8-45%
8-85% deemed in instalments extending over a period o f ten years from Feb.
8-07%
1,1898, the first instalment to be paid Aug. 1,1900, by whioh time the
The statistics of operations are as follows:
car trust notes given by your company will have been disposed of.
r P ie. o f Op. Exp. ,
.— Exp. p er Oar Mile.---- ,
Under this arrangement as perfected the following will be the an
Cable» '
Electric.
Cable.
Electric.
nual payments to be made, commencing with the year 1898:
1 8 9 7 ..
. . ............. .-.61*6
59-1
8 34 ots.
1 1 8 0 cts. 1898
.................. $97,40811901............. $87,625(1904............. $59,483[1907.______ $52,0
1896............................. 57-2
59-4
8'00 cts.
12-02cts.
1899 ....... 52,870 1902
64,575 1905....... 57,083 1908....... 25,104
59-5
8*41 cts.
11 9 0 cts.
1895.. . . ......................56*6
1900 ....... 86,679)1903....... 62,083|l906....... 54,583]
— V. 64, p 284.
Under the conditions heretofore existing your company would have
been required to pay during the next three years the follow ing
Wilkesbarre & Wyoming Yalley Traction Co.
amounts: 1898, $164,611; 1899, $151,870; 1900, $161,200. Hence
it will be noted that the new conditions will result in the release dur
( Report fo r year ending Dec. 31,1897.)
ing these years of the following sums of money: 1898. $67.202;
Earnings, expenses, etc., for the late year compare with 1899, $99,000; 1900, $74,521; which sums, together with the balance
of the net earnings, will be available as may be deemed wise.
previous years as follows:
Dividends—During the year ju9t passed your directors saw their
1897.
1896.
1895.
1894.
way clear to authorize the payment of a small dividend upon the com
Gross earnings.................... $491,289 $507,862 $151,941 $400,143 mon stock. Under ordinary conditions it will be found practicable to
Operating e x p e n s e s ........
218,881
232,188
209,600 196,824 authorize during 1898 appreciable disbursements to the stockholders.
Total...............................
■Balance, surplus, for year.
$175,105 $156,340 $134,214 $122,607
$97,303 $119,334 $108,127
$80,712
COMPARATIVE GENERAL BALANCE SHEETS OP DECEMBER 3 1 .
1896.
Assets—
1897.
1895.
Property and franchises.................$6,671,941 $6,666,105 $6,823,039
215,250
215, '*»5
Personal property.................... ...
219,325
12,000
6,000
Plttston Street car sinking fu n d..
18,000
9,694
Supplies on h-tnd.............................
8,535
8,600
639
4,000
B ills receivable, eto.................... ...
393
90,965
92,541
Open accounts (construction).......
60,769
4,088
14,363
Cash on hand....................................
37,491
T otal............................................ $7,048,227 $6,998,741 $7,132,156
Liabilities—
'Capital stock.................................... $5,000,000 $5,000,000 $5,000,000
1,500,000
1,500,000
First mortgage bonds..................... 1,500,000
325,000
Collateral trust bonds....................
325,000
153,000
84,167
88,247
Pay-rolls, vouchers, etc..................
17,695
182,534
Cpen accounts (construction).......
14,130
296,622
71,879
Profit and loss, surplus..................
120,848
Total................................«.».»$7,048,227 $6,998,741 $7,132,156
V. 65, p. 152.
The Vice-President and General Manager said in part:
Business. —During the year there was a very marked falling off in
the volume of cattle moved from far distant points, so marked, in
deed, as to cause general comment among those engaged in the market
ing or handling at the markets of cattle from those districts. Further,
the movement of cattle from the compai atively near-by corn-feeding
districts to Chicago was measurably greater in 1897 than in 1896, ana
as the total number of cattle arriving at the Chicago market in 1897
was 45,552 less than in 1896, or say 2,0^0 car loads, it follows that the
“ long-haul” oattle, so-called, were very materially less in volume in
1897 than in 1896. Tn brief, therefore, it can be stated that the reduo
tion in the earnings was the result of a serious falling off in the amount
of cattle moved over long distances to market.
Statistics.—The earnings and expenses were as follows:
1897.
1896.
1895.
Mileage earnings............. ...$384,334 $421,015 $412.320
Miscellaneous receipts... . . . 11,278
3,499
7,581
1894.
$417,484
26,716
Total............................ ...$395,612 $424,514 $419,901
Operating expenses........ ... 153,667
159,109
160,744
$444,200
165,169
Net earnings............... ...$241,945 $265,405 $259,157 $279,031
Interest..............................
70.0 0
70,0001
Sinking funds................... . . . 50,000
50.000
50,000 - 229,949
Dividends.......................... .... 92,731
54,383
54,383 1
Miscellaneous.................. .
4,753 J
Total............................
$174,383 $179,136
$229,949
South Side Elevated RR. (o f Chicago).
Surplus.............................. ... $29,214
$91,022
$80,021
$49,082
—V. 64, p. 607.
( Report for the 11 months ending Dec. 31,1897.)
The report has not come to hand, but the Chicago daily
Eiiison Electric Illum inating C of Brooklyn.
<>.
papers furnish the following as stated by President Carter at
( Report for the year ending Dec. 31, 1897. j
the annual meeting;
General Results.—The decrease in traffic was steady until October,
The text from the repoit will be given next week. The com
ow ing to the competition o f the trolley on the Indiana and Wentwortn
avenue lines of the City railway. Steadily increasing gains, however, parative tables of earnings and balance sheet are as follows:
.started in the month of October, when the trains began to run over
1897.
1896.
1895.
1894.
the loop. The average number of passengers carried daily from Feb. 1
$
$
$
$
to Oct. 18 was 31.578; from Oct. 18 to Jan. 1,1898, it was 54,121. Gross earnings.................... 879,929. 810T266. 621,149
421,074
The average for the year was 36,640. The gain in traffic from Oct. 18 Expenses and taxes............ 526,580
499,266 ’'''383,707
234,198
to Jan. 1,1898, over the corresponding period a year ago, was 40 p. 0.
The surplus earnings of $121,943 are equal to 1*18 per cent on the
Net earnings...................
311,000
237,442
186,876
•stock of the company. The operating expenses were exceedingly Other income............. ...........353,349
13,087
31,148
29,907
36,539
high, amounting to 80-06 per oent of gross receipts, having, as the
President explained, been made unusually great owing to the increased
T o ta l........ ....................... 366,436
342,148
267,349
220,406
train schedule from the time the Union loop was opened, the number
Deduct—
o f cars in daily use being then increased from 90 to 145, making the Interest on bonds..... . _......... 50,000
50,000
33,750
25,000
number o f car miles run more by fully 60 per cent. The electrical
225,000
202,500
168,750
■equipment being incomplete, the road had only the costly steam loco Dividends......................... ....237,109
motive power, and the increase in operating expense was greater in
Total................................... 287,109
275,000
¿36,250
193,750
proportion than the increase in receipts.
Surplus for year............... 79,327
67,148
31,099
29,656
Electrical Equipment.—The work of equipping the road with elec
tricity has proceeded so far that the traek equipment is complete. The
Gross.
Net.
contract with Mr. Sprague stipulates that 120 cars shall be equipped
$
$
with motors. These are now being equipped at the rate of ten a 1894................ ............................................................... 457,603" 223,406
week, and seventy-five have already been equipped. There have been 1893........................................................ . ..................... 339,919
161,058
some delays in the building and installation of machinery at the power 1892................................................................................... 238,156 101,281
house, but it is hoped that trains will be running by electricity before 1891................................................................................... 148,369
62,759
the end o f February.
1890...........
86,187
22,666
Special Assets.—Among its special assets the company has real estate
CONDENSED BALANCE SHEET DECEMBER 31.
•appraised at $100,000, a sum of $40,000 cash in the hands of the Mas
1897.
1896.
1895.
ter in Chancerv, of whioh it expects $35,000 will be turned baok to the
com pany; $750,000 of its own bonds, being half o f the $1,500,000
License account...................................... 945,000
945,000
945,000
issue held in the treasury, and forty-five steam locomotives for sale.
Edison property aoo’t.—real estate,
The cash on hand amounts to $607,316.
buildings, etc.......................................3,773,653 2,912,280 2,763,724
The earnings and expenses are given below:
The Citizens’ Co. property a ccou n t...1,306,143 1,208,348 1,033,792
58,980
56,265
Insurance fund investment account..
61,815
1894.
1895.
1896.
1897.
105,111 <h 90,673
:
130,908
( 11 mos.) (12 mos.) (12 mos.) (12 mos.) Accounts receivable................
54,943
42,510
81,366
Passenger earnings.............. $611,875 $672,086 $710,857 $679,381 Construction, material, etc..................
29,565
25,168
62,516
32,303 Cash on hand..........................................
33,310
32,535
-Other sources.......... ..............
25,470
Total gross
................. $637,345 $704,640 $744,167 $711,684
11 Operating expenses—
42,692
37,190
31,442
Maintenance of w ay..... 22,736
26,975
33,906
36,026
Maint, of rolling stock.......... 40,627
405,854
357,415
337,200
Conducting transportation.. 348,65«
76,290
85,193
60,966
'General expenses.......... .
75,723
16,750
46,680
31,472
T axes............................... 27,657
Total
............................$515,402 $497,105 $560,384 $568,561
(81 2)
(75-5)
(70-5)
Per cent of op. exp. to ear’s. (76 5)
Net earnings......................... $121,943 $207,535 $183,783 $143,123
101,626
Special expenses...................................
105,109
Balance, deficit......................................
T o t a l...................
.........6 ,3 6 1 ,4 0 1 5,314,228 4,957,134
Cr
Capital stock......................................... .4,000,000 3,750,000 3,730,000
850.000
First mortgage bonds........................... 1,500,000 1,000,000
84,582
227,086
Bills and accounts payable........
441,425
56,250
56,250
Dividends due Jan. 15.........................
60.000
12,500
10.625
Accrued interest on bonds..................
18,750
58,980
56,265
Isurancefund.........................................
61,815
100.000
150,000
D epreciation....................
200,000
49,411
59,412
Profit and loss.........................................
79,412
Total.
V. 64,?.
.6,361,401 5,314,228 4,957,134
THE
283
C H R O N IC L E .
•Diamond Match Company.
( Report fo r the year ending Dec. 31, 1897.)
President Barber says in substance:
General Results.— The first six months of the business of
1897 was not up to expectations. The latter half of the year,
however, made amends, and we wound up the year’s busi
ness with an increase over 1896 in the quantity of matches
sold, as well as with an increase in the aggregate profits of
the company. Perhaps the most gratifying result is that
we have been able to reduce the cost of matches to such an
extent that the aggregate saving to the consumer for the
year has been in the neighborhood of $250,000. The increase
in our sale of matches during the last year has been nearly
one thousand gross per day, showing conclusively that we are
absorbing the natural increase of the country’s trade.
Foreign Business.—Daring the year we have added to the
equipment of the Liverpool plant, and it is now on a wellestablished paying basis, making and distributing about onehalf of its proposed capacity at a satisfactory profit. W e
hope during the current year to bring it up to its full ca
pacity, with more than a corresponding increase in profits.
Ordinary shares of the Liverpool factory may pay a dividend
within the year if the outpat of the earnings should not be
needed for the increased business.
The company has made an arrangement with one of the
first match companies of Switzerland, and a factory is now
being constructed for the introduction of our machinery.
The lines of this contract are that we furnish machinery and
one-half of the working capital against their existing plant,
for which our company is to receive 51 percent in the bus
iness. It is hoped that this plant will be in operation some
time during the year. Your directors have made a favorable
arrangement with the Craze ro Society of Rio de Janeiro, by
which our company becomes owner in the society of 51 per
cent of the business.
The E. B. Eddy Company of Canada is using an equipment
of machinery on lease. Other negotiations in foreign coun
tries are pending. Operations in foreign countries have been
attended with considerable expense, which accounts to some
extent for the heavy ‘ ‘bills payable;”
Moore Debt Charged O ff—The Moore Bros.’ debt, as shown
in the last statement—$798,767— was wiped out, and the sur
plus therefore decreased that amount.
Financial.—Following are the results for the years 1896
and 1897:
S U R P L U S A CC O U N T.
,----------1897.---------- . ----------1896.----- -— .
Balance f o r w a r d ............ $899,353
$907,040
J e l#
Less written off.
, .......... 798,767—$100,586
134,129—$772,910
E a rn in g s ...:.........................1,274,918
1,226,442
Less dividends paid«.........1,100,000— 174,917 1,100,000— 126,442
Balance Dec. 31................................$275,503
BALANCE SHEET DEC. 31.
1897.
1896.
Assets—
$
$
Real estate, factories, etc........... 8,083,086
7,744,517
M a tc h e s ................; ......................
519,553
488,466
695/190
697,788
L u m b er.;......... ...............................
Pine stumpage................................
398,088
395,488
L ogs............. 7................................... 1,263,298
1,276,402
Misc. merch. and raw m aterial...
204,840
241,537
Miscellaneous Investments............
131,900
102,500
W. H. & J. H. M oore...................
798,767
Accounts receivable.......................
646,685
631,190
Bills receivable................................
57,323
23,690
C a s h ...............
178,446
152,393
T otals.............................
12,178,388
Liabilities—
Capital «took............................
11,000,000
Aocounts p a y a b l e . ___: . : .
237,885
B illspayaole.. . . . . . . . . -............
665,000
Surplus and profit...'........
275,503
12,552,738
11,000,000
308,386
345,000
899,353
Totals.......................................... 12,178,388 12,552,738
- Y . 65, p. 1219.
$899,352
strengthening features to the larger centres, the whole leading up to a
comprehensive and universal sys1 by means of these inter-communi
era
cating lines. The work of remodeling the Indianapolis Exchange is
now complete, and it is in all respects the most modern plant of ita
class in the country.
Exrnings.—The earnings, etc., bave been :
Telephones in u s e ............
1897.
36,318
$
1896.
81,644
$
Stock outstand’g Deo.31.6,605.300
Bonds
“
2,150,000
Gross earnings.....................1,436,898
Operating expenses........... 1,041,405
6,605,300
1,275,000
1,333,082
1,027,352
Net earnings....................... 395,493
In te r e s t ............................. 115,100
805,730
64,521
1895.
29,631
1894.
24,950
$
$
6,605,300 6,605,300*
......
.....
1,345,710 1,423,070
971,091 1,017,082
374,619
23,124
405,988......
241,210
351,495
405.988
Balance........ ................ 280,393
D ividends............................................ 1%66,053 5%330,265 5%330,625Surplus................................
—V. 65, p. 1219.
280,393
175,167
21,230
75,723.
Trenton Potteries Company.
( Report for year ending Deer, 31, 1897.)
President D. K . Bayne says in his annual circular:
The annual stock-taking has been completed and the Auditors’ re
ports received covering the year 1897. The result (after charging.
$47,766 to profit and loss for maintenance of property) being a net
profit on the operations of the year of $2,140. [We add the following,
comparative figures.—Ed .]:
1896.
1895.
1894..
18971
Tears.
Net income.............. .....$ 4 9 ,9 0 6 $44,5531
Not.
Not
Charged to profit and
reported.
reported.
loss for maintenance
35,021 J
of property.......... ....... 47,766
i
$9,532
$4,161
Loss, $13,37$
Net profit.......... ....... $2,140
Our volume of business has never been as large as during the past
year, nor the auality of product so fine. And the net result, consider
ing that the prices for product are more than 50 per cent lower than
during 1896 speaks for itself, both as to the low cost of our produc
tion and the effective character of our organization. Our financial
status continues remarkably satisfactory under the circumstances.
We have borrowed no money nor even discounted any bills receiv
able. We have bought exclusively for cash and availed of all dis
counts, and thus secured all supplies on best possible cash terms.
In brief, we see no bar now to future prosperity, except the phenom
enally low prices for our product, which we trust the returning gen
eral business prosperity w ill correct.
The following is a memorandum of the company’s quick
assets, exclusive of real estate, plants and appurtenances, and
other assets. The inventory is here given after allowing 7%
per cent in 1897 for possible defective ware)!
1897.
C a sh ................................ . $69,737
Bills reeeiv. & acc’ts col. 133,012
Inventory (mdse, stock). 265,868
1896.
1895.
$58,448 ) $183,593
137,587 5
281,707
27-2,320
1894.
$101,091
107.282
249,028
$465,301
$457,401
T o ta l......................... $468,617 $468,355
The company has no debt except current accounts, which are paid
weekly as presented, $18,913. The detailed statement of the affairs
of the company, covering the year 1897, will be submitted at the an
nual meeting in June n ext.—% 64t j>. 327.
1895.
$
7,2*8,648
GENERAL INVESTMENT NEWS.
584,553
1,275,493
396,472
Reorganizations, Etc.—Latest Data as to Defaults, Reor
1,3 8,332
■ 206,362 ganization Plans, Payment o f Overdue Coupons, Etc.—AD
......
facts of this nature appearing since the publication of the last
............
781,054 issues of the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e
74,192 m ents may be readily found by means of the following index.
.3 1 7,8 4 8 This index does not include matter in to-day’s C h r o n ic l e .
R a il r o a d s a n d M is . Co .
(C on.)
R a i l r o a d s a n d Mise e l . C o .’ s .
12,162,958
Volume 66—
Page.
V olu m e 6 6 —
Page.
Brunswick L ight & W ater...... sale. 181 Zanesville Terminal R y .. .receiver. 185
11,000,000 Central'W ashington R R ........ sold. 183
8t r e e t R a i l w a y s .
255,918 Chicago R. I. & P ac. .refu n t. ¡flan. 235
Full face figures indicate V. 66.
...... Ejec. Light (H ouston) .receiver. 235
Cit.
Volumes 65 and 66—
907,040 Col. & Hook. C. & l.recv.olischaryed. 183
Akron St. R y. & Ill’g .......receivers. 1 3 2
Denver & R io G rande...refunding. 236
Elev........ n'est End lease.1222
12,162,958 Electro-Pneum atic Tran.com. 183, 236 B oston & Brighton B each... reevr 1 8 3
Fort Plain & Rich.Spr.sale postp’d. 183 Brook.
HutcLins’n &So.s«/<i.l83; new seen. 236 Brooklyn Cable R R ................ reorg. 8 0
Kankakee W ater C o. . . . . . receiver i t s Brook. Elevated. 1st instal.nf os-ess. 1 8 3
do
foreclosure. 234
Lake S. & Mich. So..pending consti. 237
Central Union Telephone Company.
( Report fo r the year ending Dec. 31,1897.)
This company holds licenses for all instruments and ap
paratus owned or controlled by the American Bell Telephone
Go. in the territory comprising the States of Ohio, Indiana
and Illinois, with the exception of a few counties in each
State, mainly adjacent to and including the large cities, such
as Chicago, Cincinnati, Cleveland, Evansville, etc., where
other local Bell Telephone companies exist. Of its capital
stock of $6,605,300/ a majority ($3,320,900) was owned on Jan.
1, 1898, by the Bell Company. Its 6 per cent bonds to the
amount of $1,20 >.00 > were offered for subscription at 105 and
interest in the C h r o n ic l e of Jan. 1, 1898, raising the total
bonds outstanding to $2,500,000.
A t the annual meeting President Jackson said in p a rt:
Earnings.—For the six months from Jan. 1 to June 30,1896, there
was reoeived in gross revenue $67,213 from property operated in the
State of Iowa and a net revenue of $ 6,148; therefore, to make the
comparison of earnings and expenditures for the years 1897 and 1896
upon an equal basis the Iowa earnings, as above, should be eliminated,
since we have received no revenue from that source in 1897. Upon
this basis of figuring the actual increase in gross earnings is $171,029
I -1 while the net earnings increased $65,332.
!
Construction.—'The number of miles of wire in inter-town lines is
now 24,446. There has been constructed during the yt ar in this class
of property 2,298 miles o f pole line and 9.352 miles of wire, almost the
entire amount of which is of copper metallic circuit. This practically
completes the backbone and rib work of a modern inter-comm uni eating
system between cities and towns. On account of. the completion of
these lines late in the season the benefits of their increased earning
power have not been realized in the year just past. There yet remains,
however, much development to.be made in branch lines and spurs, as
well as considerable reconstruction of old lines into modern, as
[VOL. L X V I.
Mammoth C a v e .R y ................. sale. 236
Memphis & Charleston........... sale. 237
M ontgomery Light Co ........... sold. 287
Natalie Anthracite Coal..........snle. 184
N. Y. Biscuit.. ..plan u/nderwiten. .237
N. Y. C. & Hud. R . .pending consol, 237
N orfolk & Ocean V iew .............sale. 184
Peoria Dec. & E v .. .deposit notice.. 184
South Jersey................ reorg. i lan. 185
Standard Plate Glass........ receiver. 238
Union P ac ........ payment of 1st 6s. 238
do sale of coll, for Morgan notes. 238
do ___sal« of coll, for tisof 18 9. 238
W .G - H itchcock & Co.pl.operative. 185
Cincinnati Incline Plane......... sale 8 1
Dallas City St.............................sold.1173
Englewood & Chicago Klee... reorp. 8 1
Front St. Cable (Seattle).. . . .soM. 1 8 3
Hannibal ( M o .) S '.R y ............. sold. 3 8
Lincoln (Neb.) St. Ry ...reorg. 8 2 . 1 3 4
Lynchburg Electric (V a.)....... sale. 236
Madison (W is.) City R y -------..sold. 1071
Nassau Electric ( B’klyn) .readjust. 3 9
N. J. Electric ( Paterson). .receAver.117i
Paterson Central E lec_ receiver. 1 3 5
_
Rockaway Village R R ............. sale. 8 3
Terre Haute Elec. ..reevrship. cose.1025
do
.....d e fault. 8 4 . 1 8 5
Alabama & Vicksburg RR.—Dividend 5 Per Cent.—The
report of the Alabama New Orleans & Texas Pacific Junc
tion Ry. Co. on a preceding page shows that the Alabama &
Vicksburg paid a dividend of 5p. c. during 1897. —V . 65, p. 617
^A m erican Fisheries Co.—Stock Offered in London.— The
company is offering for subscription in London $1,0* 0,000 of
its $2,000,000 7 per cent (J.&J.) cumulative pre erred stock
at the rate of £1 Os. lOd. per $5 share, each subscriber for 100
preference shares having the option to subscribe for 50 ordi
nary shares at par. The common stock is $8,000,000, also in
$5 shares. The following statement is made :
The company has been organized under the laws of the State of New
Jersey to acquire the principal works 'and steamers now engaged in
the menhaden fisheries on the Atlantic coast; for the purchase of the
patent rights for the treatment by the Stanley process of fish, fish
offal and fish oils for North Am erica; for the erection of additional
works for the manufacture of fish guano and fish oil, and also for the
erection pf four pioneer works upon the Pacific coast to treat fish and
the waste fish offal, at present thrown away, from the salmon and
qfhey canneries along th
t IK ,'
Columbia River north.
F e b r u a r y 5,1888.]
THE
287
C H R O N IC L E .
The largest catch o f menhaden in one [season (which extends for
-eighteen weeks) has been 858.000,000 fish. An average catch of 400,000,000 fish, equal to 120.120 tons, may he relied upon. This is esti
mated to produce 30,033 tons of guano, which at the average price of
$22 per ton will yield $660,660. The oil produced under the old
process does not average more than 5*2. per cent, leaving from In to
20 per cent of oil, and sometimes 25 per cent, in the guano manufac
tured, while the average proceeds from the sales of oil amount to
*340,000. By the adoption of the Stanley system, as stated by Cap.
tain N. B. Church, President of the Menhaden Oil & Guano Associa
tion, in his report, the oil now left in the guano w ill be recovered,
■which should result in a saving of about $900,000 on the Atlantic
coast alone on the 400,000,000 fish.
„ - ■■
-a
The company has entered into contracts to purchase for cash and.
shares thirteen of the large concerns at present engaged in this busi
ness, which together represent about 70 per cent of the entire output
on the Atlantic seaboard and which own or control nearly all the
.steamers engaged in this industry north of Chesapeake Bay.
The directors of the company include :
Hon. Charles J. Cauda (President), John E. Searles (Chairman of the
Board), Chauncey M. Depew, W. N. Color, N. B. Church and J. J.
Cairnes, of the Missouri Kansas & Texas Trust Co., all of New York.
Winthrop M. Tattle is Secretary and Treasurer, with office
at 27 William street, New York.—V . 66, p. 132.
Atchison Topeka & Santa Fe H U —Offer to Refund Guar
antee Fund Notes.—Under the arrangement announced last
December (V 65, p. 1070), Messrs. Kuhn, Loeb & Co., Speyer
&.Co. and the Guaranty Trust Co. offer to holders of the 6
per cent guarantee fund notes, maturing Nov. 1, 1898, the
privilege of refunding the same by surrendering their notes
with the unmatured coupons attached and receiving for
every $5.00 >in notes $5,600 in the general mortgage 4 per
cent gold bonds with coupons due April 1,1898, attached. This
-offer will remain open for a reasonable time, but may be with
drawn without further notice. Holders desiring to avail
-themselves of the conversion should surrender the notes to
the Guaranty Trust Co., 65 Cedar Street, New York.
A ll ace F, Walker, Chairman of the Board, makes the fol
lowing statement, under date of Feb. 1 :
ceivers’ obligation is, therefore, substantially $300,000, being the
rental payments for two years, without any car trust.
IN ALL 5,150 CARS TO BE SECURED.
Therefore the net result of the whole affair is that the Baltimore &
Ohio secures 5,150 cars, and the receivers’ obligation for principal
amounts to about $300,000, payable In two years. The mileage alone
on the 3,000 ears to be secured from Pullman will be considerably
greater each year than the interest and principal payments.
Rumors of a Plan.— Baltimore Sc Ohio stock has been
quite active this week on reports that prominent banking
interests are intending to take up without further delay the
reorganization of the company.
Coupon Payment and Default.—The receivers on Feb. 1
paid the $299,700, then due, as interest upon the consol. 5s of
1887, which are held by the public. J. P Morgan & Co. ac
cordingly advertise to pay the same on their certificates of
deposits representing these bonds at their office. No interest
was paid Feb. 1 on the gold 5s of 1885-1925, but, as stated last
week, Speyer & Co. are purchasing the coupons from all of
said bonds deposited under their agreement.
Washington Branch—Elevation of Tracks.—The Washing
ton Branch RR. extends from Relay House, Md. (9 miles west
of Baltimore), to Washington, D. C., 31 miles. It is not
bonded and of its $1,650,000 of capital stock about one-third
is owned by the State of Maryland, and $1,028,000 by the B.
Sc O., which pledged it as part security for its consol. 5s of
1887. Recently there have been rumors that it would be
necessary to mortgage the line for about $3,< 00,' 00, in order
to meet the expense of elevating the tracks in Washington.
In regard to the expenditure Receiver Cowen says:
The company has done all possible to prevent hostile legislation, but
Congress, the District Commission and the public of the District seem
< etermined to no longer permit delay. The cost of the elevation of
i
the Washington Branch in the District of Columbia can’t be far from
$2,500,000 to $3,000,000. This sum the Washington Branch will have
to provide, and the improvement when made will not add one dollar
to the earning capacity of the line. It is simply another of the con
The oomnany has made an arrangement with bankers for the con* stantly recurring instances where railroads are calie l upon to make
-version o f the above notes into its 4 per cent general mortgage gold vast expenditures to meet the demands of the public.—V. 66, p. 234.
bonds due 995. Upon final payment of the guarantee fund notes the
Boston Electric-Light Co.—Stock Offered.—The $800,000
^general mortgage bonds will become a flrt-t lfen upon the entire rail
road. of the company and upon all its equipment (subject only to new stock is offered to stockholders by a circular saying :
$754,500 of outstanding obligations covering a small fraction of the
Each stockholder of record Dec. 11,1897, is entitled to take eight
equipment, which are being rapidly retired) , and also upon the stocks
by which the various other railroad companies embraced m its system shares of the new stock for every seventeen shares of old stock standins: in his name on Deo. 11,1897, the same to be paid for in cash at par
are controlled. The general mortgage bonds are also a first lien upon
all the bonds o f such other railroad companies (except less than ($100 per share) as follows: One-half the number of shares subscribed
■$2,200,0i'0 of divisional bonds), such bonds being held by the trustee, for, on or before May 3,1898, and the remaining one-half on or before
together with othtr collaterals, as additional security under this July 16,1898. The right to subscribe will expire at 12 o’clock noon
Monday, Feb. 7, 1898—Y. 66, p. 133.
mortgage.
.
The net revenue o f the system during the six months ending Dec. 31,
Brooklyn & Brighton Beach R R .—Receivers’ Certificates
1897, being the first half of the current fiscal year, after deducting
taxes and rentals, amounted to $5,388,044, showing an increase of —The receivers applied to Justice Maddox, in the Supreme
$1,152,261 over the same period o f 1896. The present requirements Court, on Thursday for permission to issue $150,000 of re
for fixed interest charges are $ 5 ,024,505 for the entire fiscal year.— ceivers’ certificates to repair the bulkheads and other prop
Y . 66. p. 80.
erty damaged by the storm at Coney Island.—Y . 66, p. 133.
Atlantic Mutual Insurance Co.— Possible Reduction of
Interest on Certificates.—The company’s annual statement
was published in the advertising columns of last week’s
C h r o n ic l e and contained the following reference to the pos
sible necessity for reducing the rate of interest on the out
standing certificates:
Six per cent interest on the outstanding certificates of profits will
be paid on and after the first of February next. The diminished in
com e yielded on investments in recent years may in the future render
necessary a reduced rate of interest on certificates. The outstanding
-certificates of the issue of 1892 will be redeemed on and after Tues■day, the first of February next. A dividend of 40 per cent is declared
-on the net earned premiums of the company for the y ear ending
December 31,1897, for which certificates will be issued on and after
Tuesday, the third o f May next.
Baltimore & Ohio RR.—Authority Asked to Acquire 5,150
Cars by Lease, etc.—The receivers on Monday petitioned the
United States Court for the District of Maryland for author
ity to acquire 5,150 cars by lease and otherwise. Touching
this matter, Receiver John K. Cowen says :
CONTRACTS WITH COAL COMPANIES COVERING 900 CARS.
The obligation made by the receivers for the acquisition of new
•equipment covers the following contracts: Two coal companies—the
Monongah and the Montana—purchase 900 coal cars, and the company
and its receivers agree to use these cars, paying the regular mileage
•of six mills per mile run. The coal companies make the contracts for
the purchase of the cars, and the obligation of the receivers is simply
4i0 use the oars at the regular mileage rates during the receivership.
PITTSBURG JUNCTION RR. CAR TRUSTS COVERING 1,250 CARS.
The Pittsburg Junction RR. Co. purchases 1,250 cars and makes its
•own financial arrangements for tbeir acquisition by the issuance of
-the ordinary car trust obligations. The receivers of the B. & O. agree
4» use these cars and pay the regular mileage rate of six mills per mile
run. The only further obligation which they incur in relation to the
came is that they assent to the Pittsburg Junction applying, as far as
may be necessary, the sum which that company refunds at the end of
each year to the B. & O. for excess charges for transportation o f ears
•over its line. Under the contract with the B. & O. the Pittsburg Junc
tion receives $2 per car until the number of cars arrives at a certain
^figure and then the rate is $1 50 per car until another figure is reached,
when the rate becomes $1 per car. The Junction Company at the end
-of the year refunds to the B. & O. the excess, as settlements are made
•on the $2 basis, and the only obligation the receivers take is that the
Pittsburg Junction Company can use the excess to pay the car trust,
and when the cars are thus paid for they belong to the B. & O. RR. Co.
3,000 CARS LEASED FROM PULLMAN CO. AT $150,000 YEARLY.
The receivers obtain by lease from the Pullman Company 3,000 cars
and the only obligation which they assume in relation to these 3,000
•oars is to pay a rental for them equivalent to 10 per cent of their oost
•each year, for the period of tw o years, and the interest upon the cost
/ o r the same time. No equipment obligations are issued. The re<
Buffalo City Gas Co.— Bonds Ojfered.—Redmond, Kerr S
c
Co. are offering at 97)>| and interest a limited amount of this
company’s first mortgage gold 5s, due Oct. 1, 1947. These
bonds are part of an authorized issue of $7,000,00*, of which
there are outstanding $5,250,000, the balance being reserved
in the company’s treasury for future requirements. The
New York Security & Trust Co. is mortgage trustee.
The following statement is made regarding the Buffalo
City Gas Co. and its new loan:
The above bonds are secured by a first and only lien on; the entire
property of the Buffalo City Gas Co., including real estate, franchises
and property o f every description now owned or hereafter aoquired.
The company owns the nlant, real estate, mains and franchises
formerly owned and operated by the Citizens’ Gas Light Co.; also (1)
19,884 shares, out o f a total of 20,000 shares, of the capital stock of
the Buffalo Gas Light Co., (2) 6,991 shares, out of a total of 7,500
shares, o f the capital stock of the Buffalo Mutual Gas Light Co., (3)
$706,100 par, out of a total of $750,000 par 5 per cent divide ud cer
tificates, of Jan. 1,1897, of the Buffalo Mutual Gas Light Co., which
are deposited with the trustee as additional security for the protec
tion of the bondholders.
None of the constituent companies has any bonded or floating
debt, this issue being the only obligation of the company. The old
companies owned over 346 miles of street mains, and supplied gas
to 5,844 street l*mps and to over 18,000 active meters, as well as to.
gas engines and about 2,000 gas stoves. The output for 1896 was
710,062,000 cubic feet. The rate charged is $1 per 1,000 cubic feet to
private consumers and 80 cents for city lighting.
The earnings of the three companies for three years, operated under
three separate, distinct and competitive managements, w ere:
1894.
1895.
1896.
Gross earnings......................... $735,075 53 $755,103 32 $797,95610
Net earnings................ ............. 311,016 02 346,098 91
345,319 63
Net earnings for October, November and December, 1897 (Decem
ber partly estimated), $120,794, or at the rate of $370,000 net per
annum. The net earnings will be largely increased, as a result of
savings that can be made under one management. The entire interest
charges on the bonds now outstanding amount to $262,500 per annum.
The Buffalo and Citizens’ Gas Light companies have been paying 10
per cent dividends on tbeir capital stock for many years, and the Buf
falo Mutual Gas Light Company 8 per cent.—V. 66, p. 183.
Buffalo Rochester & Pittsburg U j — Quarterly.—Earnings
for the quarter and the six months ending Dec. 3l have been
reported as follow s;
jm os. endOrofs
ing Dec. 3 1 — earnings.
1897............. .$ 953,607
1896............. .
889,586
6 months—
1897............. . 1.885.106
1896 ............. 1,769,983
—V. 65, p. 869.
Net
earnings.
$ 347,797
296,293
Other
incomes
$ 9,007
11,041
Interest,
taxes,tie.
$268,206
216,908
Balance,
surplus.
$ 88,598
90,426
678,441
584,226
14,748
25,049
517,751
433,240
175,438
1', 6.035
Chicago Junction Ry. & Union Stock Yards— Chicago
Hammond & Western RR.—Chicago Junction Ry.— Con
s' lidation Pending.—The Chicago Jonction Ry. is the name
of the new company which is being organized to consolidate
the railroads of the Chicago Junction Ry. S Union Stock
c
Yards Co., including the Chicago Hammond Sc Western
288
THE
C H R O N IC L E .
[V ol . L X V I.
recently acquired. The officers of the Chicago Junction
Ry. will b e : President, John A . Spoor; Vice President,
James H. A shby; Auditor, C. O. Grace ; Treasurer, L. J.
Dudley. The company will operate about 297 miles of track.
President Spoor is quoted as saying :
The following mills may eventually come into the com
bination: Gould Paper Co., Lyons Falls, N. Y., 30 tons*
Remington Paper Co., Watertown, N. Y ., 30 tons, and Wilder
Company, Olcott Falls, V t., 40 tons. This will increase the
total capacity to about 1,558 tons per day.
When the railroad system of the Stock Yards was constructed in
Mortgage Filed.—The company has made a mortgage on
1865 it formed a belt around the then city of Chicago, connected with
all railroads. The growth of the city and the construction of the the entire property as security for an issue of $10,000,000 of
Western Indiana RR. and the Chicago & Calumet Terminal Ry. placed 6 per cent gold bonds. The United States Trust Co. is mort
the railroad o f the Union Stock Yards company at a great disadvan gage trustee.—V . 66, p. 82.
tage for transfer business, but the acquirement of the new Chicago
Hammond & Western and its consolidation with the Stock Yards
system and the Chicago < Indiana State line have placed the Stock
fe
Yards interests once more in the commanding position that company
once had. The terms for consolidation have been arranged and will
be shortly ratified at a special meeting of stockholders.—V. 66, p. 81.
Chicago & North Western Ry .— Bonds Called— In our ad
vertising columns are given the numbers of the $131,000
sinking fund bonds of 1879, both 5 and 6 per cents, which
have been drawn for the sinking fund, and will be redeemed
by the Farmers’ Loan & Trust Co. at 195 and accrued inter
est to Feb. 1, 18'i8. Among the bonds drawn are $1,000 por
tions of a large number of registered bonds.
Earnings.—In our editorial columns will be found a state
ment of the company’s gross andlnet earnings, charges, etc.,
for the calendar year 1997.—V . 68, p. 81.
Chicago Rock Island & Pacific Ry.—Deposits fo r Conver
sion.—A very large amount of the old bonds have been de
posited for conversion into the new general fours, and it is
thought that the $25,000,000 offered will be speedily ex
hausted. Speyer & Co. say that they have practically dis
posed of the balance of the $52,000,000 purchased.— Y. 66,
p, 235. .
Chicago & Southeastern R R .—Application fo r Deceiver.
—A despatch from Indianapolis Feb. 3 says that H. McK.
Harg, of New York, has begun proceedings for the appoint
ment of a receiver for the Chicago & Southeastern RR. The
plaintiff is holder of $231,000 Midland of Indiana first mort
gage bonds of 1887.—V . 66, p. 81. •
Columbia & Maryland Ry.— Ordered Sold.— Judge Wickes,
of the Circuit Court at Baltimore, on Jan. 28 ordered the
foreclosure sale of this property. The sale will be made in
parcels and then as a whole.—Y . 65, p. 1173.
Duluth & Iron Range RR.— Approximate Statement fo r
1897.— For the year 1897 the approximate statement (Decern
her partly estimated) shows:
Oros8.
Net.
$2,644,539 $1,1 J8,499
—V. 65, p. 924.
Other ine.
$63,771
Interest. Rentals, etc. Bai., sur.
$571,60 J $2,784
$607,886
Great Northern Ry.— Large Advance in Preferred Stock.—
The Great Northern preferred stock has gone up in price the
past week from 135 to 162. Officials refuse to divulge the
cause for this sharp advance. The current report is that
rights will be given to stockholders in connection with the
retirement of the $15,900,00> collateral trust bonds, which are
redeemable at par on three months’ notice. One report is to
the effect that the Great Northern preferred stockholders
will be allowed to subscribe for new stock in amount equal
to their present holdings at 60.— V. 65, p. 1173.
Green Bay & Western R y — Dividend o% Inco nes.— The
company has declared a dividend of 2% percent on the Class
“ A ” debentures payable out of the net earnings for the vear
1897 on Feb. 15.— V. 64, p. 178.
^
Huntingdon & Broad Top Mountain RR. & Coal. -Report.
— The advance statement issued this week shows gross re
ceipts for the year 1897 of $509,540, and net of $244 023
against $299,211 in 1896. The demoralization in the coal
trade caused a falling off of 108,047 tons, or about 5 per cent
in the amount of coal carried.— Y. 65, page 111.
International Paper Co. - Paper Companies’ Consolida
tion.— Incorporated.— The International Paper Co., of Cor
inth, Saratoga County, was incorporated at ‘Albany Jan 31
The authorized capital stock is $45,000,000, divided into
$25,0 0,000 of preferred stock and $20,000,000 of common
stock, all in shares of $1 0 each. The power is reserved to in
crease the preferred stock by an issue of l 10,000 shares of
$100 each, if the same shall be required for the conversion of
the mortgage bonds of the company, to be issued for the
aggregate principal sum of $10,0u0,000.
The preferred stock is entitled, out of the surplus net
profits, to cumulative dividends at not exceeding 6 per cent
per annum, beginning on April 1, 1899, payable quarterly in
preference to the common stock for such quarter.
The directors of the International Paper Co. are:
Lake Cities Electric Ry,—Receiver Appointed.— 1.1. Spire
has been appointed receiver of this company of Michigan
City, Ind. Russell B. Harrison, President of the Terre Haute
Electric Ry., also in receiver’s hands, is President and one of
the principal owners.
Manitoba & Northwestern Ry. of Canada.— Ofer A c
cepted.—The Railway Share Trust & Agency Co , of No 4
Bank Buildings, London, E C., announces that the required
majority of the scrip certificates has been lodged with it in
accordance with the terms approved at the meeting of the hold
ers of the certificates representing the first mortgage bonds
held on Jan. 14, and that the documents entitling the vendors
to the purchase price are ready for delivery. The offer ac
cepted calls for the payment of an amount equal to 86 per
cent on the face value of the certificates. This, after deduct
ing a commission of 1 per cent, leaves a net price of 85 per
cent for each certificate of £100, payable as to 25 per cent
when the offer was accepted, as to 25 per cent on July I, and
as to the balance on October 1 next.
The prese t holders of the certificates will remain entitled to the rights they possess in the proportion of the land to>
which the trustees are entitled, corresponding with the bonds
represented by the certificates sold. The purchasers pay all
the expenses incurred by the committee to Feb. 1.
The above offer came from a “ client” of Coates, Son & Co ,
and was surmised to have been made in the interest of the-*
Northern Pacific, but this wa3 positively denied by the oSL
cers of that company.
The M. & N. W . extends from
Portage la Prairie (56 miles west of Winnipeg) North
westerly to Yorktown, Man., 223 miles, with a branch
owned 11 miles and another leased 15 miles. For the year
ending Nov. 30, 1896, its gross earnings were $319,003; net,
$95,448.
The amount of first mortgage bonds issued was
$6 252,500 (£540,000).
National Biscuit Co.— Cracker Companies Consolidation.— Organized.—The new corporation known as theNational Biscuit Co. was organized at Chicago on Thurs
day under the laws of New Jersey with authorized
capital of $25,000,000 preferred and $30,000 000 common stock,
to consolidate the leading cracker companies of the Uaited
States. The consolidation is effected per plan in Chrosticlet
of Jan. 8, 1^98, page 83, under heading of New York Biscuit
Co. The officers and directors of the new company are :
President, Benjamin F. Crawford, of Mantield, Ohio; Vice-PresidentH. V. Vories, of Chicago; Second Vice-President, Frank O Lowden,
Chicago: Secretary and Treasurer. C. E. Rumsey. Pittsburg. The
directors are Benjamin F. Crawford, Mansfield; H. P. Vories, Chicago;
Thomas S. Olliver, New York; David F. Bremner, Chicago; S. S. Mar
vin, Pittsburg; Henry J. Evans. Chicago; Lewis D Dozier, St. Louis
Norman B. Ream, Chicago; William T: Baker, Chicago: Joseph S.
L°°se, Kansas City; C. E. Rumsey, Pittsburg; James W Hazea. Bost ° nT F-G. Louden, Chicago; A. I. Garrettson, Morristown, N. J., and-T
A. W. Green, Chicago.
The new company, it is stated, has practically cimolete
control of the cracker and biscuit trade between the Atlantic Ocean and the Sierra Nevada Mountains, controlling 139'
plants, or about 90 per cent of all the large bakeries in the
country. It will begin business with about $6,500,000 of cash,
and supplies on hand.— Y. 66, p. 134.
New Jersey Electric R R .—Receiver.—The United StatesSupreme Court on Thursday appointed the company’s Presi
dent, John L. Heins, receiver of this road, which runs be
tween Paterson and Hoboken. The comoany has been una
ble to pay the $20/ 00 due to the city of Hoboken for a fran
chise, but the foreclosure suit, under which the receiver was
appointed, was brought by the Mercantile Trust, Co , as mort
gage trustee, interest on the bonds being in default.
New York Central & Hudson River R R .—Lake Shore & :
Michigan Southern RR.—New' Bonds Authorized to Retire
Lake Shore Stock.— The directors of the New York Central
yesterday authorized the> $109,000;0 0 of new 3 '/2 percent
collateral trust bonds which are to be given in exchange for
the Lake Shore stock, at the rate of $1,000 of bonds for $500
of stock. President Depew gave out the foil wing statement: •
“ The New _York Central & Hudson River RR. directors
:d™ i f 1,1 D;
1,8’
William B. Dillon, Judson T. Francis, Hal
Fari McCullough, Melville Edgar xugaiuo, Jr., a i l UI A
Ingalls, m all of New York Citv met this morning and passed the necessary resolutions for the
—
—rr T
-i.
^
Dal 1a T T Falls. Tri. . A.,u____ n 8. « Coolldge J
Tn
n r. Vt.: Thomas t
i. .
Alonzo H. Burbank, of Bellows
c
Glens Falls; Warren Curtis, of Corinth; I. W. Drew, of Lancaster’ N purchase of stock of the Lake Shore Railroad Company. The
Vanderbilts and others represented by them have sold1
H.; Frank T. Bonnor, of Newton, Mass.; David W. Snow, of Fortlanc
Me., and Edward ^Greene, of Brooklyn.
to the New York Central their holdings of
the
capital stock of
the Lake Shore, and in exchangeThe companies united in the new corporation, with thei
daily capacity for producing paper, are approximately a for every five shares of such stock hive accepted
one gold bond of the New York Central for $1,609, bearing
follows :
Co. dt Statein which located. Tons.
Co. < State in which located. Tons. 31^ per cent annual interest and payable in 109 years. The&
Otis Falls Pulp Co., Me........... 150 Hudson River Pulp & Paper
Messrs. Vanderbilt made this sale upon the express provision
___
ri/v A v
T
Glen Manufacturing Co., N. H. 135
Co.,N. Y........................... r
150 that the same terms should be offered to all holders of the
Rumford Fall Co., Me............... 100 Niagara Falls Paper Co........ 120
stock of the Lake Shore and that such offer should remain\
Falls Mt. Paper Co., Vt........... 105 Lake George Paper Co., N. Y.
50
Winnipiseogee Paper Co., N.H. 70 Herkimer Paper Co , N. Y ....
25 open for acceptance by the Lake Shore stockholders for
Wehster Paper Co., Me............ 26 Piercefleld Falls Co., N. Y_
_
35 a period of at least sixty days.
All shares of the ■
Montague Paper Co., M ass... 11 Ontario Paper Co.......................
30 stock of the Lake Shore acquired and owned by the
Russell Paper Co , Mass V____ 20 Corrections of above................
56
New York Central are to be held in trust as collat
Falmouth Paper Co., Me____
60
Haverhill Paper Co., Mass . 40
eral for such gold bin Is. The New York Central board were
Glens Falls Paper Mill, N. Y.. 275
Total o f all, approximate. 1,458 of the opinion that, inasmuch as the close relations which»
F e b r u a r y 5, 1898. j
THE
C H R O N IC L E .
Slave existed between the Lake Shore and the New York
‘Central for over a quarter of a century were dependent
/entirely on the personal holdings of the stock of the two
companies, it was very desirable and necessary, if possible, to
make certain a permanent connection between these two
lines
Mr. Depew also said : “ There is no doubt that this action
■is of benefit to both companies, and to the stockholders of
•both companies, and also to the public, and to the city of
New York. Under the authority of the board this morning,
the New York Central will purchase on similar terms to
those accepted by the Messrs. Vanderbilt and their friends
any part of the stock of the Lake Shore Railroad Company
which may be offered; and an official notice to that effect
will be published in a few days.” The total amount of Lake
"Shore stock outstanding is $49,466,500. The new 3% per cent
-collateral trust bonds (when issued) were quoted yesterday on
the Stock Exchange at 95@97.
Few Directors —Two vacancies in the board of directors of
the New York Central were filled yesterday by the election
■of George S. Bowdoin to succeed Erastus Corning, of A l
bany, and Ashbel Green to succeed George C. Buell, of
. Rochester, deceased,— V. 66, p. 237.
New York Chicago & St. Louis RR.—Dividend.—The di¡irectors on Feb. 2 declared a dividend of 2 per cent on the
"first preferred stock, payable on March 1 next out of the net
-earnings for the calendar year 1897. An advance statement
for the year is given on a preceding page.— V. 65, p, 925.
New York Stock Exchange.—Arbitrage^ Dealings— Reso. lution Forbidding.—The Governing Committee <f the Stock
Exchange has passed these resolutions on arbitrage dealings:
Whereas, The so-called arbitrage business or trading between tbis
’ Exchange and that of any other city in the United States, based upon
'«quotations from the floor of this exchange, has resulted in praoticaily
ignoring the commission law; therefore.
Resolved, That in the judgment of this Committee the sending of
continuous quotations or quotations at frequent intervals by members
o f this Exchange, from the floor of the Exchange, is detrimental to
"the interest and welfare of the Exchange, and that any member enaging in such business or iradlng shall be proceeded against under
ection 6 of Article 17 of the Constitution.
Resolved, That the Committee of Arrangements be and are hereby
authorized and instructed to prevent the transaction of any such busi
ness or trading by any member of this Exchange, and to prefer charges
against any member engaging therein.—V. 64, p. 755.
f
Northern Pacific Ry.—Second Dividend—Estimated Earn
ings for Year.— A t a meeting of the board of directors Feb. 1,
the President referred to his statement of Dec. 10, 1897, es
timating the net earnings for the first six months of the
-tfisoal year a t ................................................................................. $6,640,000
The actual net earnings for said period, he stated, had
amounted t o ................................................................................ 6,940,000
o r about $300,(KH) more than his estimate.
He further stated that he thought the net earnings for the
-current six months could safely be estimated at much more
t h a n . . . . . . . . . . . . . . . ............. ................ ............. ........ .............
2,500,000
And the total for the year at over.............................................. $9,440,000
Fixed charges are a b ou t.....................$6,000,000
Dividends at 4 per cent per annum on
the preferred stock would require... 3,000,000
He further stated that the preferred stock certificates con
template the payment of any dividends on the first days of
: March, June, September and December in each year (the only
months when interest payments do not mature), and that al
though the declaration of the dividend for the quarter end
ing Dec. 1,1887, had been unavoidably delayed, it would seem
-desirable to adopt the policy of declaring dividends hereafter
in such season as to make them payable on or about such
quarterly dates.
The statements of the President having been carefully
-considered, a resolution was adopted by the affirmative
. vote of all present, that there be “ declared from the net
-earnings of this company a dividend of 1 per cent on the pre
ferred stock for the quarter ending March 1,1898, the same
to be pail March 3, 1898, to the holders of record at the clos
ing of the transfer books on Feb. 10,1898.”— V. 66, p. 238.
Pennsylvania Heat Light & Power.—Pennsylvania Man
ufacturing.— Consolidation.— The announcement is made
.that the majority of the shareholders of the Pennsylvania
Heat Light & Power Co. have assented to the new electric
combination in this city.
The management expects soon to
.make the>r plan public.— “ Philadelphia Ledger.”
It is surmised that this consolidation may be prepara
t o r y to some arrangement with the United Gas Improve
ment Co., controlling the Equitable Gas Illuminating Light
^Co., by which the entire gas and electric-lighting business of
the city will be brought under one control.—V. 66, p. 237.
Philadelphia Gas Co.—Pittsburg Gas Companies.—
Pending Consolidation.— George Westinghouse has sent a
•
circular letter to the stockholders of the Philadelphia Co.,
asking proxies empowering him either to purchase or to sell
their shares prior to July 1, 1898, at the same price at which
he will sell his own stock, but at a price not less than $4(
•
.¿per $50 share. His letter says:
Pittsburg , Feb. 2.
During the past two years financial people having knowledge of the
value of gas properties have expressed a desire to unite some of the
leading gas interests in Allegheny County, and at the present time it
- is understood that all of the illuminating gas interests have been prao-rtically so unit'd.
The property of the Philadelphia company is an important one,
and it is not unlikely that a majority in interest will soon be ap* proaohed with reference to a broader arrangement than the one so far
-effected with the illuminating companies. The present circumstances
. .Justify me in asking the stockholder.-! to put me in a position to act
.promptly in case a satisfactory offer be made to buy the control o f the
.stock of the company; and the inolosed instrument is submitted to you
289
for your signature and return at your earliest convenience (and not
later than March 1), if it meets your approbation.
An Eastern syndicate is said to be arranging the consolida
tion. The combined capitalization of all the companies sup
plying natural gas and manufactured gas in Pittsburg and
Allegheny is in the neighborhood of $20,000,000.—Y . 64, p. 999,
Produce Exchange Trust Co.— Incorporated.— The com
pany was incorporated on Jan. 29 with a paid-in capital of
$50i»,000 and a paid-in surplus of $500,0 0. The directors are :
James H. Parker, Thomas A. McIntyre, Timothy Hogan, Frank
Brainard, W. Willis Merrill, Munroe Crane, C. P. Armstrong. C. A.
Deshan, T. A. Beall and H. D. McCord, of Sew York City, J. P. Truesdell of Morristown, N. J.; H. Irving Keyser andJ. W. Middendorf o f
Baltimore, A. Goepel of Brooklyn, Andrew Mo Lean and W. R. Brown
of Passaic, N. J., and C. W. Haokett of Utica.—V. 65, p. 1116.
Rapid Transit in New York City.—Manhattan Ry.-—
Plans.— Mr. Gould’s letter in behalf of the Manhattan Ry.,
and its plan for extensions was sent to the Rapid Transit
Commission on Monday as expected. It described fully the
routes on which the company desires to build, as stated in a
general way last week, but extends to Kingsbridge the line
previously to stop at Fort George. The company’s counsel
is cited as authority for believing that the Rapid transit Act
does not forbid the crossing or lower Broadway by an ele
vated road, but merely the building of such a road along that
thoroughfare. The proposition to build from the City Hall
station along Centre and Canal streets to West ¡Street is there
fore renewed.
The company asks power to construct two additional tracks
along the routes of the existing railway where it is at present
authorized to operate two tracks only, and one additional
track along the routes of the existing railway where it is at
present authorized to operate three tracks, such exten
sions to be constructed “ from time to time, as the traffic
shall, in the judgment of the said company, require or de
mand.” The objection is raised that the company does not
promise, within any set time, to construct any additional
tracks along its existing routes for the purpose of affording
rapid transit; also that nothing is said as to giving the city
compensation for the additional privileges.
The extensions,
it is agreed, shall t e completed within two years after the
necessary consent of property owners or the determination
of the Supreme Court Commissioners authorizing construc
tion shall be obtained, the only exception being as to the
west side extension to Kingsbridge. This latter is to be com
pleted to 169th Street within three years, and the remainder
within five years.
The counsel of the Rapid Transit Commission, under date
of February 3, sent a letter to the Commission, stating his
reasons for believing that an elevated railway cannot law
fully be constructed across Broadway south of 33d Street.
Authority Asked to Reduce Bond.— On Wednesday the
Commission filed notice of appeal to the Appellate Division
of the Supreme Court for the re-argument of several ques
tions, particularly as to the amount of the bond to be fur
nished by the parties undertaking to build and operate the
tunnel road. The Court last December decided that this
bond should be for $ 5,000,000, and (as understood) be held to
secure the rental under the lease, as well as the construction
and equipment of the road. The Commission believe this
amount should be reduced to $7,500,000, and should be re
quired only during the period of constrnction and equip
ment, and not during the remainder of the lease. Otherwise
it is doubtful if any one will care to accept the contract.—
V . 66, p. 236.
Reading Company. —Sale of $6,000,000 Bonds.—It was an
nounced on Wednesday that J. P. Morgan & Co. had sold
in London the $6,000,000 general mortgage 4s whi-h have
been held by the reorganization syndicate. As already
stated in this column, all but $2,456,000 of the Coal
& Iron Company’s divisional coal land mortgage bonds have
been redeemed, the total issue having been $11,617,500. There
have also been redeemed $433,106 real estate bonds. These
are all replaced by general mortgage 4s.—Y . 66, p. 185.
St. Louis & San Francisco RR.—Semi-Annual Statement.
—The following shows the position cf the company for the
half-year ending Dec. 31, 1897, after paying the semi-annual
dividend of 2 per cent on the first preferred stock :
SIX MONTHS ENDING DEC. 31, 1897.
Gross.
Net.
Other inc.. Charges.
Dividend. Bal.,sur.
$3,609,746 $1,610,694 $5,534 $1,097,252 $100,000 $418,976
—V. 66, p. 237.
St. Louis Yandalia & Terre Haute RR.—Erie & P itts
burg RR.—Pennsylvania R R .—OJ'er to Holders o f Matur
ing Bonds.— Holders of the $2,6(1 > 00 St. Louis Vandalia &
,<
Terre Haute second mort. 7s, maturing May 1, 1898, and the
$2,109,001 Erie & Pittsburg consol. 7s, maturing July 1,
1898, are notified that the Pennsylvania RR. C > will pur
.
chase said bonds until' March 1 on a 3 per cent basis.
Holders desiring to dispose thereof can forward the bonds to
the company’s office in Philadelphia by Adams Express free
of expense. The means to take up these bonds was secured
last August through sale of Pennsylvania Company 3% per
cent trust certificates guaranteed by the Pennsylvania RR.
Co. (see page 368, issue of Aug. 28).' Upon the retirement on
May first of the second mortgage bonds of the St. Louis Vanlalia & Terre Haute, the entire bonded indebtedness ($4,499,00o) of that company will be held by the Pennsylvania, and
can be refunded at a low rate of interest whenever desired.
The money to take up the bonds, it is stated, is loaned to the
St. L. V. & T. H. by the Pennsylvania at 4 par cent interest.
—V. 65, p. 572.
(THE
290
C H R O N IC L E .
South Carolina & Georgia RR.—Semi-annual Statement.
— The statement for the six months ending Dec. 31 shows :
6 months
Gross
to Dec. 31.
earnings.
1 8 9 7 ___. . . . . .
$695,903
1 8 9 6 . . . . . . . .......... 592,677
- V. 65, p. 1019.
Net
com ings.
$278,690
234,129
Interest,
tares, etc.
$170,350
161,150
Balance,
surplus,
$108,340
72,979
Southern New England Telephone.— Report.— For the
year 1897 the company had gross earnings of $594,881. con
trasting with $552,166 in 1896. and net over charges of $164,154, against $155,< 42. The dividends of 6 per cent paid in
1897 aggregated $150,00 leaving a surplus on the year’s op
erations of $14,154.—V. 64, p. 608.
Traders’ Fire Insurance Co., New York.—New Company.
—This company, a reorganization of the 1 raders’ Fire
Lloyds, has been incorporated. Its officers and directors are:
President, W. A. Halsey; Vice-President., J. B. Simpson; Secretary
Theodore Sutio; Directors—Benjamin F. Tracy, <-)eorge A. Helme,
Warner Miller, Levi P. Morton, James A. Roberts. Howard Gould, W.
E, D. Stokes, J. Sfeaver Page, Theodore K. Pembrook, J. Jennings MoComb, John Jacob Astor, William T. Baker, Chauncey M. Depew,William A. Halsey. E. S. Sutro, D. Sydney Appleton, John M. Silvers,
C. W. McMurran, Theodore Sutro, J. G. Beemer, Frederick Booss, John
Boulton Simpson, Edwin Gould. G. W. Gail, J. B. Duke, William A.
Clark, William T. Wardwell, Frederick C. Sayles and Sheffield Phelps.
Tradesmen’s National Bank— Clinton Bank—New York
City.— Consolidation.—The Tradesmen’s National Bank, of
which James Macnaughton is President, has arranged to ab
sorb the Clinton Bank. The capital stock of the Clinton
Bank was $300,009,
Union Pacific RR.—New Securities Being Delivered— The
Mercantile Trust is now issuing the new securities in ex
change for its Reorganization Certificates for Union Pacific
first mortgage 6s, Union Pacific sinking fund 8s, Omaha
Bridge renewal 5s and purchase money certificates.
See
notice in another column.
New Company in Possession.— The .new company took pos
session of tbe property at midnight Jan. 31, with the follow
ing offi<ers: President, H. G- Burt; Vice President, Oliver
W . Mink; Secretary, Alex. Millar: General Manager, Ed
ward Dickinson. The New York office will be in the Equit
able Building, 120 Broadway.
Foreclosure Sale o f Collateral.— The collateral under the
collateral trust gold notes deed of Sept. 4,1891, was offered
for sale, as advertised, on Wednesday. Kuhn, Loeb & Co.,
representing the Union Pacific Re organization Committee,
bid $1,650,000 for the $4,890,00 ' Union Pacific Coal bonds and
$1,630 000 for the $5 000.000 Union Pacific Kansas Division
and collateral trust 5s. Their total bids were $3,290.152. A t
this point the sale was stopped, the announcement being made
that sufficient money had been received to pay off all the out
standing notes, the aggregate principal sum due thereon being
$3.183,000, The entire schedule was then sold in one parcel
to Kuhn, Loeb & Co. for $3,300.000.
Montano Ry. Claims.—The Montana Ry. claims were bought
in by William Nelson Cromwell for $65,000 each, it is sup
posed for the new owners of the property,
Kansas Pacific Sale.— Representatives of the Reorganiza
tion Committee have been in consultation this week with the
President and the Attorney-General in regard to the sale of
the Kansas Pacific, which is to occur on the 16th inst. It is
understood that the Government adheres to the determina
tion, declared by the President in his message to Congress,
to bid at the sale the full amount of the principal of the in
debtedness to the Government, and that the committee willconfine its bid to what it considers the value of the aided
line. Should the committee fail to acquire the aided portion
of the line running from Kansas City westerly 394 miles, it
may involve the return of the deposited Eastern and Middle
Division bonds, vhich are a first lien thereon. The com
mittee, as is well known, has never regarded the Eastern end
of the Kansas Pacific as essential to the new company, various
propositions having been made for the use of other lines into
Kansas City. W ith the near approach of the sale and the
probability of the plans of the Committee being realized as
regards the acquisition of the balance of the line, the Kan
sas Pacific consols covering the same have sharply advanced
this week on the expectation that they will receive the new
securities to which they are entitled under the plan.—V . 66, p.
238.
Wheeling & Lake Erie Ry.—Plan Next Week.— The plan
has been practically agreed upon, but there are some details
yet to be perfected which delay its announcement. The plan
is expected to be made public next week.—V. 66, p. 238.
—-Cm porations desiring bonds of suretyship for their officers
or employes are referred to the twenty-fourth annual state
ment of the Guarantee Company of North America, pub
lished among our advertisements to day. This company,
“ the original company in America,” confines its business
strictly to issuing these bonds, and it has accumulated for its
shareholders a surplus of nearly 150 per cent from this busi
ness alone, and not in any way by contributions from them
either by way of assessments or premiums on new issues of
stock. The resources for security of the insured amount to
over a million and three hundred and twenty thousand dol
lars.
—Messrs. Pfaelzer, Walker & Co., Boston, have opened a
branch office in the Drexel Building, Philadelphia, in addi
tion to the branch office they have in this city. The house
has issued under date of February 1 a valuable quotation
sheet for unlisted and inactive steam railroad bonds.
[V o l . L X V I,
3£hje C c r r a m je r a a l
COMMERCIAL
Th m cs.
EPITOME.
Friday Night February 4. 1898. |
The severe storm experienced, particularly in the New
England States, and which seriously interrupted the tele
graphic and mail service, has materially interlered with busi
ness activity the past week, although at the close, with the
return of normal conditions, trade was fairly active, the
more wintry weather having a stimulating ^effect in some
lines of seasonable goods. The Teller Resolution, after hav
ing been passed by the Senate, was defeated by a large ma
jority in the House of Representatives. A decree issued by
the German Government prohibiting the importation of
American fresh fruits based on a sanitary pretext has created
some consternation among local shippers, The political sit
uation in the Far East has continued to attract attention.
Stocks o f Merchandise.
Pork . . . . . . . . . . . ____ ........... bbls.
Li»rf!. . . ____. . . . . . .
Tobacco, domestic .........hhds.
Tobacco, foreign. . .
Coffee, R io .............
Coffee, other............
Coffee, Java, &c___
Sugar....................... .......... hhds.
Sngar.......................
Molasses, foreign „
H ide»......................
Cotton....................
Rosin_____________ ............bbls.
Spirits turpentine..
far..,. ................ ........... bbls.
Rice, E. I .................
Rice, •lomest-io.......
L in seed ..... . . . . . . .
S a ltp e tr e ......... . .
Jute butts....... .
Manila h em p .... ..
Sisal hemp.............. .. ..bales.
Fiour...............bbls. and sacks.
January 1,
1898
February 1, February 1,
1898.
1897.
18.739
21.827
12.358
3,459
582,029
92,247
86,684
150
402,987
371
47,000
123,682
35,808
1,026
1.778
1,4« O
5.2 0
None.
16,200
None.
24,375
4,982
163.5<0
18,627
21,349
11.895
5,634
670,7 35
79,333
68,784
235
2 64,117
359
19,7 '0
166,650
45,110
2,240
2 499
3,500
5,COO
None.
14,350
None.
23,9.5
3,*53
169,80-
14,003
25,657
13,528
6,023
373,5 U
33,973
56.697
2,3291,7 32, « 69
None.
51.800
284,230
55.4162,227
1,764
7,500
9,500
None.
19,000
None,
18,-61
19,024
131,300
Lard on the spot has been in moderately active export de
mand, and this, together with smaller stocks, has given a
firmer tone to the market, and prices have advanced, closing
at 5*15c. for prime Western, 4 'bee. for prime City and 5*35c.
for refined for the Continent. The local market for lard
futures has been neglected. A t the West prices weakened
early in the week. Subsequently there was more active buy
ing, stimulated by the smaller stocks reported and light re
ceipts of swine, closing firm.
D A I L Y C L O SIN G P R IC E S O F L A R D F U T U R E S .
Sat.
May delivery................ c. 5-25
Mon.
517
lu es.
515
Wed.
5-25
Thurs.
5'25
Fri.
5*30
Pork has been in demand and higher, closing at $10@10 25for mess. Tallow has been dull and slightly easier, closing
at 3%c. for prime City. Cotton seed oil has been dull and
prices have weakened slightly, closing at 213^ @ 2 2c. for prime
yellow. Butter has been in smaller supply and firmer. Cheese
has been quiet but steady. Fresh eggs have been easier.
The Brazil grades of coffee have had a better sale, and the
tone has been firmer, closing at 6%c. for Rio No. 7. Mild
grades have been in moderate demand and steady, closing at
8%@9c. for good Cucuta. East India growths have been firm
but quiet on a small crop estimate, closing at 24c. for stand
ard Java. There has been only a limited speculation in the
market for contracts, but prices have advanced slightly on
local investment buying, stimulated by crop estimates. The
close was steady. Following are final asking prices:
Feb...................... 5-70o. I May.............. 5-90o, I Aug................. 6'00o.
March.................. 5 -80o. June................ 5'95c. | Sept.................. 6'10e.
A pril................... 5‘85o. I July................ 5'95o. l D ec.................. 6 20p.
Raw sugars have been in more urgent demand and firmer,
closing at 4 1-16c. bid for centrifugals, 96 deg. test, ana
3 916c. for muscovado, 89-deg. test. Refined sugar has had
a more active sale, closing firm at 5i^c. for granulated Mo
lasses in better demand and firm. Spices active.
Kentu cky tobacco has been firm but quiet. Sales the past
month have been 820 hhds., including 500 hhds. for export.
Seed leaf tobacco has been fairly active and steady. Salesfor the week were 2,875 cases, as follows: 500 cases 1896 crop,
Pennsylvania seed leaf, 10@12i^c.: 150 cases 1895 crop, Penn
sylvania seed leaf, ll@12J^c.; 100 cases 1894 crop, Pennsyl
vania seed leaf, l l ^ c . ; 650 cases 1893 crop, Pennsylvania seed
leaf, 13f»133^c.; 100 cases 1894 crop, Pennsylvania Havana,
133^c.; 600 cases 1896 crop, Wisconsin Havana. 10@13a ; 256
cases 18^4-95 crops, Gebhardts, ll% @ 12i^ c.; 200 cases 1896
crop New England Havana, 18@35c.; 75 cases 1896 crop, N.
Eng. seed leaf, 22@29c., etc.; also, 450 bales Havana, 75c. to
$1 10 in bond, and 150 bales Sumatra, at 90c. to $1-80 in bond.
Straits tin has been less active and prices have weakened
slightly to 13‘85@13'90c. Ingot copper has continued in de
mand for export and firm at lie . for Lake. Lead has further
declined but the close was steady at 3'55@3'60c. for domestic.
Spelter has been firm but quiet at 3'99@4c for domestic.
Pig iron has been quiet and easy at $9 70@$12 for domestic.
Refined petroleum has been in fair demand, closing.;at.5'40c.
in bbls., 2'90c. in bulk and 5-90c. in cases; naphtha quiet at5'50c. Crude certificates have been quiet; credit balances
have been steady at 65c. Spirits turpentine has been quiet
but steady at 34@34^c. Rosins have been dull and un
changed at $1 421f@l 45. Hops hav" been in moderate de
mand and firm. Wool has been in fair demand and firm.
F e b r u a r y 5, 1898.]
‘
;
THE
C H R O N IC L E
C O T T O N .
- T h e M ovem ent
op
F r i d a y N i g h t , February 4, 1898.
t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 2 '3,12S bales,
against 2iH,710 bales last week and 233,910 bales the previous
week, making the total receipts since the 1st of Sept., 1897,
6,810.987 bales, against 5,641.657 bales for the same period of
1896-7, showing an increase since Sep.l,1897,of 1.169,33 t bales.
Receipts at—
Sat.
Mon.
Galveston........ 7,586 14,756 ’
Tex. City, Ac. ....... . . . . . .
New Orleans... 11,626 34,182
M obile.............
1,958 4,515
Florida.............
50
Savannah........ 2,316 5,038
Brunsw’k,Ac.
3,846
Charleston......
1,543 2,610
Pt. Royal,Ac. . . . . . .
......
W ilmington....
881
916
Wash’ton, Ac.
......
N orfolk............
667 1,944
N’p ’t News, Ac. . . . . . .
......
New Y ork.......
517 1,351
Boston.............
901
304
Baltim ore. . . . .
2,098
Philadel’a, Ac..
196
677
Tucs.
Wed.
Thurs.
6,826 10,489
......
......
8,698 18,031
817
1,753
8,050
......
7,515
607
4,724
......
930
........
572
......
1,038
......
740
3,593
......
1,085
......
345
......
1,836
......
632
1,779
4,569
......
293
......
902
........
1,181
.......
1,104
500
Fri.
loial.
4,784 52,491
1,942
1,942
7,779 87,831
621 10,274
222
172
3,598 23,838
2,047
5,893
2,231
8,692
5,383
5,3ts3
319
3,935
26
2«
1,021
7,737
184
184
269
4,613
9,484
4,484
2,386
339
360
361
2,099
166
Tot. this week 28,191 72,287 25,992 37,701 25,853 33,104 223,128
The following shows the week’s total receipts,the total since
Sept-1,1897, and the stock to-night, compared with last year.
Receipts to
Feb. A. ;
Galveston...
Tex. C.,Ao.
New Orleans
M obile........
Florida........
Savannah...
Br’ wiok.Ac.
Charleston..
P.Royal,Ac.
Wilmington.
Wash’n, Ac.
N orfolk.......
N’port N., Ac
New Y ork...
B oston ........
Baltim ore. .
Phil adel. Ac.
1897-98.
This Since Sep.
week. 1,1897.
1896-97.
This Since Sep.
week. 1,1896.
52,491 1,636,726 16.616 1,174,783
1.942
2,048
67,130
81,089
87,831 2,019,569 39,275 1,730,866
10,274 292,459
5,175 240,389
222
232
6,4,304
81,992
23.838 980,505 18.510 712,299
5,893 183 724
1,386 132,218
8,632 406,420
4,921 347,558
5,383
56,403
9
58,435
2,380 224,472
3,935 290,705
794
26
1,086
12
5,476 615,302
7,737 476,193
13,294
184
403
13,864
64,030
4,613
41,223
3,484 138,164
3,573 129,621
4,484
50,111
1,235
45,595
2,099
52,424
313
28,845
Stock.
1898.
1897.
205,833
533,706
48,317
114,711
5,179
385,163
27,592
114,748
6,381
37,924
78,314
3,857
40,180
19,297
11,147
65,494
1,206
176,639
48,500
30,964
10,990
23,176
348
283,327
25,000
22,845
5.913
Totals....... 223.128 6,010.087 10'.561 5,641,657 1,299,999 1,027,257
In order that comparison may be m a d e w ith o th e r y ea rs,
w e g iv e b e lo w th e to ta ls a t le a d in g p o r ts f o r s ix season s.
Receipts at—
1898.
1897.
1896.
1895.
1894,
1893.
Galves’n.Ao.
New Orleans
M obile.........
Savannah...
Chas’ton, Ao.
Wilm’ton, Ao
N orfolk.......
N. News, Ac.
A ll others...
54,433
87,831
10,274
23,833
14,075
3,961
7,737
184
20,795
18,664
39,275
5,175
18,510
4,930
2,392
5,476
403
6,739
15,452
46,710
7,058
14,05 6
12,817
2,525
8,253
946
5,772
20.4J3
59,920
6,014
16,160
15,205
922
6,631
8,0421,797
11 019
36,720
2,483
11,061
9,136
2,711
5,264
6,663
15,498
14.577
35,577
2,291
9,502
3,699
875
5,792
2,237
6,563
Tot. this wk.
223,123
101,564 113,539 155,098
10),563
81,163
tÖ.L
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—
Feb, 4 at
New Orleans...
Galveston........
Savannah........
Charleston......
M obile..............
New Y o r k ......
Other ports___
Great
. Other , Coast
Britain. France. Foreign wise.
9,093
19,562
None.
6.000
10,000
5.000
7,500
22,000
17,3 33
4*785
None.
None.
None.
None.
1,200
None.
40,757
12,317
5,000
5.500
13.000
8.500
2,650
26.000
4,051
8.953
1.000
900
None.
8,000
None.
None.
Total.
Leaving
stock ì
71.239
45,617
6,000
12 400
23.000
21,500
11,350
48.000
462,467
160,218
108,748
25.* 24
25,317
43,994
165,2-0
69,333
Total 1898...
70,155 23,323 113,724 22,904 239,106 1,060,893
Total 1897...
Total 1896...
72,099
8,038 ■63,184
8,625
74.636 10,274 77,856 11,404
156,946
174,170
870,311
765,276
Speculation in cotton for future delivery the past week has
been dull, there having been an exceptionally small and nar
row market. The record of prices shows fluctuations within
the narrowest limits and the net change for the week un
important. The crop movement has been large, the supply
coming into sight for the week being in excess of that
reported last week and considerably larger than the corre
sponding week of 1695, the last big crop year. Owing,
however, to the low prices ruling and the fact that
the Southern markets have reported a continued good
demand for cotton at prices relatively higher than
those ruling locally, bears have not been aggressive, the sell
ing having been confined largely to liquidation by a few tired
holders; still, as there has been no force to the buying power,
which has been limited to a few scattered orders, changes in
prices have been slight and the general market has presented
a very uninteresting appearance. To-day there was a dull
market. Early in the day prices advanced a few points.
Subsequently, however, limited selling, prompted by a large
crop movement, caused the improvement to be lost, and the
close showed prices unchanged to 1 point higher for the day.
The spot market has been dull and unchanged, closing at
5 15-l6c. for middling uplands.
The rates on and off middling, as established Nov. 17,1897,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
1 on. Good Ordinary.......... . .c.
Fair.................................. o.
Middling Fair. ................. n , 6 on. Good Middling Tinged...
3g on. Strict Middling Stained .
8trict Good Middling.......
% on. Middling Stained.............
Good M iddlin g................
Strict Low Middling........
3.« off. Strict Low Mid. Stained,
.—
" ;off. Low Middling Stained...
Low Middling
Strict Good Ordinary.......
off.
off.
Even..
73a off.
7la off.
lig off.
logoff.
On this basis the official prioes for a few of the grades for
the past week—Jan. 29 to beb. 4—would be as follows.
UPLANDS.
Sat.
Good Ordinary..........................
Low Middling............................
Middling............................. ...
Good Middling.........................
Middling Fair............................
GULF.
M on T ues W ed
* n 16
513
f'4”
515 6 5 loie
6’b e
6%
6®8
S a t. M o n
Good Ordinary.......... .............. 4l5le
Low Middling............................ 5%
Middling..................................... 6 3ie
Good Middling...........................
Middling Fair............................ ô ’ ê
STAINED.
Sat.
Low Middling...........................
M id d lin g .............. ..............
8trict Middling..........................
Good Middling Tinged.............
5%
$|i«
67, e
678
T il .
F r i.
4 'l rp
41 I 16
519
5^
5 lalfi
6» g
60s
513
513
416U
5%
63,«
67 6
678
4'5, e
5%
63 8
67,«
67s
416^
I l 51«
5%
5%
63,e 63,«
67,« 67,6
6 7a
678;
516, , 5 15!*.
63!« 6 'i«
65s
65g
Tues W ed T h .
filo n T u e s W e d
45, a 45.6
5ifl
5*2
548
5 *%
5^32
515,6 515.6 515,6
45 1«
5hs
523 ,s
515,«
51516
63ie
65s
F r i.
Th.
F r i.
4°iß
5%
823 v
515 6
45X
6
Öls
523^2
515Î6.
Since Sept. 1 6810.987 5641,65'’ 414«,711 6373,4‘3 5014.352 4118,934
The quotations for middling upland at New York on
The exports for the week ending this evening reach a total
of 207,653 bales, of which 103,633 were to Great Britain, 18,9 5
to France and 85,085 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.
1898___ c. 515,« 1 8 °0 .. . . C . 1.015] /» 1882.. ..c.12
1874___c.1578
1*97 ... 7 5 ,6
1889.. . . „ 1 0
1831 „ „ „ l l l l j g 1873........211
8
1896... 8^4
1888.. ---- 105g
1880.. „ . . 1 3
1872....... 22%
1895... 5s«
1887.. . . . . 913
1879.. . . . . 9*3
1871 .......156g
1894.. 715.0
1886.. . . . . 93 « 1878.. ....1 1 1 «
1870 .......2538
1893 ....... 9 u
1835..
1877.. „ . . 1 2 5 a 1869 „ ...3 0 %
1 8 9 2 ...... 7lj6
1881 . ..„ 1 0 %
1876.. ....13 1 i« 1868 .„ ..1 8 %
1891 ....... 9%
183 i . — 103,6 1875.. . . . I 5 I3
1867....... 33
Note .—On Oct. 1 ,1 8 7 1. grades of cotton as quoted were changed.
According to the new cl assification Middling was on that day quoted
see. lower than Middling of the old classification.
Exports
from —
Week Ending Feb. 4, 1893,
From Sept. 1,1897, to Feb. 4,1898
Ecporie.ii to—
Export ed to—
Great
Conti- Total
Great
ContiFrance
Brit’11.
nent. Week. Britain.
nent.
G alveston....... 11,402 18,2e0 18,387 48 019
T ex. City, Ac..
317
817
New Orleans.. 48,517
32,132 80,649
M obile............. 21,739
300 22,039
P ensacola.......
Savannah.......
6,535
11,725 18,260
B runsw ick.. ..
100
100
C harleston....
8,712 8,712
P ort R oyal___ 4,973
4,973
W ilm ington...
N orfolk...........
N ’port N., Ac..
New Y o r k ...,.
4,135
445 8,008 12,588
B o s to n ........ .
5,199
49 5,248
830
Baltim ore. ..
200 3.165 4495
P hiladelphia..
292
292
San Fran., Ac.
41
2,p i
2,231
601,901 255,607
057,31 » 292,722
105, U 8
53,099
67,932 32,547
111,856
76,140
42,011
108,586
54,716
5,497
200
163,178 32,243
164,295
58,858 2,1.8
9,202
1,589
307,941 1.165,449
16,503
16,508
433,794 1,383,835
24,648
456,8^6
45,047
187,274
8,000
151,911
77,747
557,344
156,903
263,414
50,011
260,497
544
126,939
131,750
10,452
73,862
T o t a l........... 103,663 18,905 85,086 207,663 2,281,855 616,507; 1,957,282 4,854,144
Otal. 1896-9T. 78 824 97,825 $8.508 166,167 2.966 891 616.-88 1.426 743 4.809,919
SPOT MARKET
CLOSED.
6,241
322,360
70,715
1,350
71,278
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed
on same days.
Sat’day.. Quiet..................
Monday. Quii-t..............
Tuesday Q uiet. . . . . ...
Wed’day Q uiet............ .
T h day.. tin ie t.................
Friday., Dull....................
T ota l..
..........................
SALES OF SPOT AND CONTRACT.
Ex
port.
300
VT
1T
•—
660
Sales o f
Con- Spec- Con
Futures.
sump. ul’t’n tract. Total.
14
40
....
54
314
3,900 3,900
'-T
'-i3,700 3,700
40
....
Vf-rt
. . . . 5,600 5,954
47,500
46,40 g
38,200
40,00050,100
42,700
273,900
2 9 2
T H E
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 a t N e w Y o r k a re
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Ì 9:
A t t h e I n t e r io r T o w n s the movement— that is the receipts
for the week and since September 1, the shipments for tbe
week and the stocks to-night, and the same items for the
corresponding period of 1896-97—is set out in detail below.
H
B
m
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ww
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CtW Imports into Continental ports past week 103,000 baies.
The above figures indicate tn increase m the cotton m sight
to-night of 440,179 bales as compared with the same date
of 1897, a gain of 543,653 bales over the corresponding date
of 1896 and a decrease of 476,294 bales from 1895.
WW 5
X X g¿*
x <ih 3
ww
: ;
! 1
• 1
1898
1897
1896.
1895.
■took at Liverpool...... bales. 1,050,0001,299,000 1,100,000 1,609,000
4,000
5,000
5,000
6,000
■took at London......................
Total Great Britain stock. 1,054,000 1,304,000 1,105,000 1,615,000
Stock at Hamburg..................
7,000
20,000
26,000
27,000
206,000 237,000 322,000
Stock at Bremen..................... 346,000
8took at Amsterdam..............
3,000
7,000
9,000
16,000
Stock at Rotterdam . . . . . . . . . .
300
300
200
200
8took at A n tw e rp .....__ . . . . .
8,000
10,000
17,000
18,000
Stock at H a v r e . . . .. . . . . . . . .. . . 255,000 244,000 305,000 485,000
4,000
5,000
7,000
5,000
Stock at Marseilles.................
Stock at B a r c e lo n a ...... . . . . .
67,000
55,000
70,000
73,000
Stock at G e n o a ...... . . . . . . . . .
28,000
43,000 . 6b,000
24,000
Stock at Trieste_____ ____ . . .
3,000
16,000
18,000
16,000
Total Continental stocks.. 721.300 606,300 749,200 986,200
Total European stock s.... 1,775,300 1,910,3001,854,200 2,601,200
India cotton afloat for Europe 44,000
81,000 165,000
26,000
Amer.ootton afloat for Europe 684,000 498,000 391,000 773,000
Egypt,Brazil,&o.,aflt.for E’pe
53,000
29,000
39,000
45,000
Stock in United States ports . 1,299,999 1,027,257 939,446 1,001,022
Stook in U. S. interior towns.. 569,251 444,400 479 113 466,453
47.712
22,774
United States exports to-day.
33.604
29,018
Total visible supply.......... 4,4.9,154 4,018.975 3,915,501 4,935,449
Of the above, totals or American and other descriptions are as fo llo v s:
American—
Liverpool stock.v. - ....b a le s . 928,0001,142,000 908.000 1,462,000
Continental s to c k s ..... . . . . . . . 686,000 538,000 6 6 6 .0 0 0 8 8 8 ,0 0 0
American afloat for Europe.. 684.000 498,000 391,000 773,000
United States stook................ 1,299,999 1,027,257 939,416 1,0 >1,022
United States interior stocks. 569,251 444,400 479,143 466,453
22,774
United States exportsto-day.
33,604
29.018 147,712
Total American..................4,200,854 3,678,675 3,431,301 £6137249
East Indian, Brazil, do.—
Liverpool s to c k ..................
122,000 157,000 192.000 147,000
London stook............................
4,000
5,000
5,000
6.000
35,300
68,300
Continental stocks..................
83,200
92,200
India afloat for Europe........ .
44,000
81,000 165.000
26,000
53,000
29,000
Egypt, Brazil, &c., afloat.......
39,000
45,000
Total East India, &o........ 258,300 340.300 484.200 322,200
Total American..................4,200,854 3,678,675 3,431,301 4,613,249
Total visible su p p ly........ 4,459,154 4,018,975 3,915,501 4,935,449
Middling Upland, Liveroool..
373ad.
33i3vd.
4t»16d.
3d.
Middling Upland, New York.
515l6o.
75l6o.
8Mo.
S^o.
Egypt Good Brown, Liverpool
47)6d.
5M i.
6Md.
4Md.
Pernv.Kongh Good, Liverpool
6Uied.
65ied.
6716d.
55,6d.
Broach Fine, Liverpool..........
361#d.
3i518d.
4&i,d.
SMd.
Tlnnevelly Good, Liverpool..
37i«d.
33i32d.
4%d.
33,6d.
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to Thursday evening. But to make tbe total the complete
figures for to night (Feb. 4), we add the item of exports from
the United States including in it the exports of Friday only,
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* Inoluaes sa es in Heptemher, for September, 84.900; September
October, for October, 375,200; September-November, for Novem ber318, 100; September December, for December, 1,181,400.
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The following exchanges have been made during the w eek:
•16 p d .to e x cb . 3,900 Mch.for Augr. •09 pd. to exeh. 200 May for Aug.
*07 pd. to exeb. 1,200 Mch.for May. •14 pd. to exoh. 100 Moh.for Ju ly
•01 pd.. i o exeb 8,“>00 A ur. for Oot. •17 pd. to exeh. 900 Mch. for Aug'
*06 pd. to exoh. 300 Mob. for May. •11 pd. to exoh. 500 Feb. for May;
•03 pd. to exeh. 6u0 July for Aug. •04 pd. to exoh. 100 F»-b. for Mch,
•06 pd. to exob. 100 June for Aug. •10 pd. to exoh. 500 Mch. for J’ue
- i- iM O a c x u H t s a ic x o o - i
h* © x
© w © W M © © © t t ^ © if ^ w
MW©©W<J©X*J©©©©®I^©©X©©0-1>^©©MC© »JX
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M
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© ^ —^ © ^ M WOO©® ©
mV © ©
© hooV ^ h oo ioic w © m x ® - j - w © o ©>-'w
© © < !■ -•© © j d m © - j :W © © ( F ^ © M X M © < I © © W © X X © X i- ‘ M
m © i^ M © 0 , ^ X 0 M M X © 0 0 0 W 0 X 0 M '^ © © X M M M iF-O
.
cv O
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T h e V is ib l e S u p p l y o f C o tto n to night, as made up b y
* Last year’ s figures are for Columbia, S, C.
-cable and telegraph is as follows. Continental stocks, as well
The above totals show that* the interior stocks have
a s those for Great Britain and the afloat are this week’s re decreased during the week 31,719 bales, and are to-night 134.851
itums and consequently all European figures are brought down bales more than at the same period last year. The receipts at
THE
F E B R U A R Y 5 , 18V8.J
C H R O N IC L E .
»11 the towns have been 77,988 bales more than the same
week last year, and since Sep*;. 1 they are 1,102,651 bales more
than for the same time in 1896-97.
Q u o t a t io n s
for
M i d d l in g C o t t o n
O t h e r M a r k e t s .—
at
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
c l o s in g q u o t a t io n s f o b m id d l in g
Week ending
Feb. 4.
Satur.
Mon.
Tuet.
Wednet.
Galveston. .
New Orleans
M obile........
Savannah. .
Charleston..
Wilmington.
N orfolk.......
Boston........
Baltimore...
Philadelphia
Augusta.......
M em phis....
St. L ou is....
H ouston. . . .
Cincinnati..
Louisville...
53fl
534
514
53ie
55j 6
689
53fl
51516
5°8
6*18
5*18
®5ia
538
53fl
5*2
5*16
5ifl
Shi
534
534
§ 316
514
539
532
5|B
ia
539
533
5716
5*4
5%
5*2
5k
Kll*
5k
53s
5k
514
5*9
515le
51518
53g
5^ -
s5
!
53le
* 534
534
539
539
539
5^2
514
534
514
63i*
5^®9j6
S'he
Fri.
533
534
53,6
589
ootton on-
589
63ie
53s ®» i 6
5616
539
53g
533
5he
589
5 »,a
539
539
539
5he
5*%
63^
ößg
63ie
5%
She
53a”
She
5*2
53g
539
{& •
5k
5%
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens.............
A tlanta. . . . . . . .
Charlotte.........
Columbus. Ga.
5 n 1(51 Colnmbns, Miss
5k
5k
53g
5iie
; Eufaula.. . . . . . .
539
Little R o o k ....
5
|M ontgom ery... 57xg-k
N ashville....... .
N a t c h e z .......
Raleigh..........
Shreveport.....
5k
5 I1«
5k
4i5le
R e c e ip t s f r o m t h e P l a n t a t io n s .— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Soiitherr
consumption; they are simply a statement of the weekh
movement from the plantations of that part of the crop whici
finally reaches the market through the outports.
Week
Ending—
Dec.
Jan.
“
“
“
Feb.
31......
7.......
u ......
21.......
28 .. ..
4.
Receipts a t the Ports. St’k a t Interior Towns. Rec’p tsfrom P la n t’m
1897-98 1896-97 1895.96 1897-98 1896-97 1895-96 1897-98 1896-97
308,158 •215,412 176,324 631,483 582,645 583,663 297,792 210,050
300,273 167,340 135,322 628,843 552,205 565,410 297,633 136,900
271.472 151,811 119.837 623.557 532,119 552,608 266,18d 131,755
233,940 130,160 112,395 602,828 502,917 533,688 213,211 100,956
208,710 138,302 122.902 690,970 471,188 605 878 196,852 106,571
228,1*8 101.564 113,589 569,251 444.400 479,143 201,409 74,778
1895-96
163,165
117.069
107,085
93.476
95,092
86,854
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1897, are 7,885 162 bales; in
1896 97 were 5 965,463 bales; in 1895-96 were 4,595,154 bales.
2.— That although the receipts at the outports the past w eek
were 223,128 bales, the actual movement from plantations was
201,409 bales, the balance being taken from stocks at Interior
towns. Last year receipts from the plantations for the week
were 74.778 bales and for 1896 they were 86,854 bales.
Ov e r l a n d Mo v e m e n t
for the
W
eek and
S in c e S e p t , 1.—
®
below & statement showing the overland movement
for the week and sir be Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Feb. 4 and since Sept. 1 in the last two years are as follows
1897-98.
February 4.
Week.
Shipped—
Via St. L o u is ............................
Via Cairo................................
Via P ark er.....................
Via Rook Island....... ........
Via L ou isville.... . . . . . . ..
Via Cincinnati........................
Via other routes, &c...................
Total gross overland.............
Deduct shipments—
Overland to N. Y., boston, &o..
Between interior towns.............
Inland, & o.,from South........
22,729
9,728
1,010
550
3,852
6,498
6,349
Since
Sept. 1
1896-97.
Week.
630,816
256,463
20,548
37,379
83,600
84,661
103,918
8,890
5,076
48
150
3,536
1,986
9,330
50,706 1,217,385
Since
Sept. 1.
393.541
2< 9,740
10,824
12,340
104 9*9
94,700
78,416
29,016
904,530
14,680
93
1,564
304,779
19,737
24,350
5,121
497
1,042
245,284
3,13 *
24,280
Total to be d e d u cted .............
16,337
348,866
6,660
272,702
Leaving total net overland*..
34,369
868,519 22,356
631,828
m u » u x u v u iv U J i n n
I U VJOiU.iAU.Vb.
The foregoing shows that the week’s net overland movemer t
this year has been 34,869 bales, against 22,856 bales for tie
week in 1897, and that for the season to date the aggregate m t
overland exhibits an increase over a year ago of 236,691 bales.
In Sight and Spinners'
Takings.
1897-98.
Week.
Since
Sept. 1.
1896-97.
Week.
Since
Sept. 1
Receipts at ports to Feb. 4.......... . 223,128 6,810,987 101,564 5,641,657
Net overland to Feb. 4 ................ . 34,369 868,519 22,356 631.828
Southern consumption to Feb. 4. 22,000 507,000 19,000 466,000
Total m arketed....................... 279,497 8,186,506 142,920 6,739.485
interior stooks in e x c e s s ..... .... *21,719 524,175 *26,786 323,806
Came into sight during week. 257,778
116,134
Total in sight Feb. 4........
8,7i0,681
7,063,291
North’ll spinnerstak’ gsto Feb. 4. 61,848 ]1541638
* Decrease during week.
t Revised.
38,413 1,137,628
It will be seen by the above that there has come into sight
during the week 257,778 bales, against 116,134 bales for th e
same week of 1897, and that the increase in amount in sight
to-Dight as compared with last year is 1,647,390 bales.
293
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic ad
vices this evening denote that the temperature has been
lower generally at the South during the week and that at
some points snow has fallen lightly. There has been rain in
most sections, but precipitation has been light as a rule. The
cold weather has interfered with farm work in Texas. The
crop movement has been quite free.
Galveston, Texas. —Rain was very beneficial. Farm work
was generally retarded by the freezing weather of February
3. W e have had rain on one day daring the week, the pre
cipitation reaching eight hundredths of an inch. The ther
mometer has ranged from 39 to 70, averaging 54. January
rainfall fou r inches and forty-eight hundredths.
Palestine, Texas.—It has rained on one day of the week
the rainfall reaching four hundredths of an inch. Average
thermometer 46, highest 71 and lowest 22. Month’s rainfall
five inches and seventy hundredths.
Corpus Christi, Texas.—There has been rain on three daysof the week, the precipitation reaching thirty-seven hun
dredths of an inch. The thermometer has averaged 58 thfr
highest being 74 and the lowest 42. Month’s rainfall sixtynine hundredths of an inch.
San Antonio, Texas.—There have been showers on three
days of the past week, the rainfall reaching twenty-six hun
dredths of an inch. Minimum temperature 34. January
rainfall forty-six hundredths of an inch.
New Orleans, Louisiana.— W e have had rain on one day o f
the week, the precipitation being fifteen hundredths of an
inch. The thermometer has averaged 53.
Shreveport, Louisiana.— It has rained on two days of the
week, but to an inappreciable extent. Average thermometer
48, highest 72 and lowest 25. January rainfall five inches
and f-eventy-nine hundredths.
Columbus, Mississippi.— There has been rain on one day of
the week, the precipitation reaching thirty-one hundredths
of an inch. The thermometer has averaged 40, the highest
being 56 and the lowest 20. January rainfall seven inchesand seventy-four hundredths.
Leland, Mississippi.— W e have had rain on one day of the
week, to the extent of fifteen hundredths of an inch. The»
thermometer has averaged 44'4, ranging from 21 to 64. Rain
fall for month of January seven inches and thirty-three hun
dredths.
Vicksburg, Mississippi.— Rain has fallen on one day of the
week, to the extent of five hundredths of an inch. The ther
mometer has ranged from 25 to 62, averaging 43,
Greenville, Mississippi.—The weather has been clear and
rather cold the past week.
Little Rock, Arkansas — It has rained on two days of theweek, the rainfall reaching two inches and eleven hun
dredths. Average thermometer 42, highest 54 and lowest 18*
Helena, Arkansas.—It has rained lightly on one day during
the week, with rainfall to the extent of nineteen hundredths
of an inch. Too cold for picking The river is nine feet be
low high-water mark and stationary. The thermometer has
averaged 36, the highest being 53 and the lowest 19. Janu
ary rainfall fourteen inches and twenty two hundredths.
Memphis, Tennessee.—W e have had rain on one day of the
week, the precipitation reaching nine hundredths of an
inch. The thermometer has averaged 36*2, ranging from
19'2 to 53-8. Rainfall for the month of January ten inches
and seventy-two hundredths
Montgomery, Alabama.— W e have had rain on one day dur
ing the week, the rainfall reaching thirteen hundredths of an
inch.. The thermometer has averaged 42, the highest being
50 and the lowest 33. January rainfall one inch and fifty-two hundredths.
Selma Alabama —It has rained on two days of the week,,
the rainfall reaching eighteen hundredths of an incn. The
thermometer has averaged 43, ranging from 22 to 60.
Mobile, Alabama.—Rain has fallen on one day of the week,
to the extent of forty-two hundredths of an inch. Average
thermometer 46, highest 63 and lowest 29. Rainfall for
month of January two inches and fifteen hundredths.
Madison, Florida.— W e have had rain on one day of the*
week, the precipitation reaching forty hundredths of an.
inch. The thermometer has ranged from 26 to 80, averaging
Savannah, Georgia.— There has been rain on one day of the,
week, the rainfall reaching two hundredths of an inch. The»
thermometer has averaged forty, the highest being 61 and
the lowest 23.
Augusta, Georgia.—W e have had no rain the past week.
The thermometer has averaged 38, ranging from 19 to 58..
Rainfall for month of January one inch and seventy-two.
hundredths.
Staieburg, South Carolina,— There has been no rain during the week, but the weather has been cold, with snow on Sun
day last. The thermometer has averaged 37*1, the highestbeing 53 and the lowest 17. January rainfall one inch and
forty-eight hundredths.
Greenwood, South Carolina.—It has been dry all the week..
The thermometer has averaged 34, ranging from 25 to 48;
January rainfall two inches and fifty-nine hundredths
Wilson, North Carolina.—There has been no rain the past
week; but snow has fallen on two days. The thermometer
has ranged from 14 to 50, averaging 32.
Charleston, South Carolina.— It has been dry all the week}
Average thermometer 44, highest 59, lowest 2 6 .
THE
294
[ V o l . L X VI
C H R O N IC L E ,
W e a t h e r R e c o r d f o r D e c e m b e r . —Below we give the
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at thermometer and rainfall record for the month of December
% o’clock February 8, 1898, and February 4, 1897.____________ and previous months of this year and the two preceding
years. The figures are from the records of the Weather
Feb. 3, *98. Feb. 4, ’97.
Bureau, except at points where they have no station, and
Feet.
feet.
9-2
13-2
at those points they are from records kept by our own agents.
New Orleans.............................. Above zero o f gange.
1897.
P o r t s .—The receipts
o f cotton at Bombay and the shipments from all India ports
fo r the week ending Feb. 3, and for the season from Sept. 1
to Feb. 3 for three years have been as follows:__________
VIRGINIA.
Norfolk.—
Highest...
Lowest...
average... 72*0
1895-96.
1896-97.
1897-98.
n.CAR’LA.
WilmingtonSince
Receipts at—
Since
Highest.. 04*0
Since
Week. Sept. r.
Week. Sept. 1.
Week. Sept. 1.
Lowest...
Average.. 73*0
51,0001 522,000 OP.UOQ 845,000 Weldon.—
Bombay.......... 45,000 359,000
Highest.. 96*0
Lowest... 40*0
Since September 1.
For the Week.
Average.. 71*6
Qtiarlotte—
Exports
Conti
Highest.. 97*C
Great
Great
Oontifrom—
Total.
Total.
Lowest...
nent.
Britain.
Britain. nent.
Average.. 7 2-e
Baleigh—
Bombay—
Highest.... 98*0
67.000
66,000
1,000
15.000 15.000
Lowest.... 4S*0
1897-98..
173,000
166,000
7.000
Average.. 73*0
34.000 34.000
189697..
262,0c 0 Uorgantzn243,000
19.000
1895- 96.. 5,000 22.000 27.000
Highest.. 92*0
Calcutta—
Lowest... 87 T
11.000
9.000
2.000
189798..
Average.. 8 7 7
22,000
18,000
4.000
189697..
14.000
9.000
5.000
1895- 96..
Madras—
8,000
6.000
Highest.. 90*0
2.000
18979 8 ..
26.000
Lowest... 6 6 * 0
17,000
9.000
189697..
75*0
32.000
14.000
18.000
1,000
1895- 96.. 1,000
ttatebuig.—
95*0
A ll others—
Highest
32.000
23.000
9.000
4.000
3,o ro
Lowest... 48*0
3,000
189798.
53.000
40.000
13.000
2.000
Average.. 7 3 4
2,000
189697..
49.000 Columbia—
30.000
19.000
2,000
2,000
1895-96
Highest... 1 0 0 * 0
45*0
Total all—
74*0
118,000 Holland—
104.000
14.000
1,000 18,000 19.000
1897-98.
274.000
241.000
33.000
........
36,000 36.000
Highest,. 96*0
1896-97
296.000 357.000
45*0
61.000
Lowest
6,000 ] 24,000 30.000
1895-96.
Average. 74*6
According to the foregoing Bombay appears to show a GreemuoodHighest. 94*0
decrease compared with last year in the week’s receipts of
Lowest... . 46*0
Average.. 1 70*0
6,000 bales. Exports from all India ports record a decrease
of 17,000 bales during the week, and since September 1 show GEORGIA
R e c e ip t s
and
S h ip m e n t s
of
C o t t o n .—
Through arrangements we made with Messrs. Davis, Benachi
& Co., of Liverpool and Alexandria, we now receive a weekly
•cable of the movements of cotton at Alexandria, Egypt. The
following are the receipts and shipments for the past week
Receipts (cantars*). . . .
This week....... .
Since Sept. 1 .............
1897-98.
1896-97.
150,000
4,594,000
Since
This
week. Sept. 1.
140,000
4,445,000
This
Since
week. Sept. 1.
Exports (bales)—
To L iverpool. . . . . . . . 4,000 215.000
To Oontlnentt. . . . . . . 14,000 208.000
896
897.
73-0
1
890. 18(
05*0 «
2 0 1) 2
419 4
85*0
460
04*0
77*t
4 21
50*0
70421
59*0
76*0
32*0
539
79*0
34*0
67*0
80*1
2853 0
8 01
42-1
8 PO
30*0
70*0
7
2 1* 0
2
00*2
80*
31*i
50*0
20*0
62*0
70*0
82*0
57*0
80*0
33*0
6 1* 6
49*4
4 )*8
4
80*0
25"
50-7
70*0
18*0
42*3
03*0
0
8*0
2
38*5
4
2 2 1
459
70-)
96*'
5877*1
8 6 *'
74*0
9«*0
37 •
(
70-2
99*|
48*i
75*0
87*'
37*0
03*4
78*i
339
50-4
78*0
S o il
65*6
24*0
52*4
78*0
25*0
53*0
99*0
47*(’
72 6
98
0
4 8 -0
89*0
42*0
6 1* 0
80*0
34*0
58-2
731
28*o
51*0
7t*0
33*0
55*0
70*0
25 0
510
690
249
44*2
08-0
181
41-0
01
1
762
80-(
H4*(
59*0
98*0
43*0
7 2*0
93*(
50*1
70*1
89*0
43*i'
03*0
78-1
8058-8
801|
34*0
57*0
70*0
27*0
528
79*0
2 » -“
55 0
78*0
2 0 -.
519
08*0
05*0
17*0
4 01
7
2
4
85*<
50*(
88*
*
80*0
38*(
58-2
73*0
801
64-7
73*0
28*0
501
74*0 70*0
25*0 3 4 9
47*2 45*0
709
2840 4
35*1
65*0
109
37*1
0
49*i
70-0
91*i
64*
78-4
84*0 85-0
6 6 *(
6 0 1
70*0 07*0
8 8 *1 '
499
80-0
42*0
66*0
6 2*0
80*0
40-■
03-0
801
87*<
58*i
721
899
54*0
68*0
29 0
50*0
7
i
5
85*0
47*0
65*fc
81*0
39->
02*8
89*0
301
61*0
750
329
65*8
78*0
3 5 -f
59-3
77*1
319
54*2
09*0
23*0
47 9
09*0
76*2
93*0
55*(
77*1
459
7
i
4
104*(
42*0
76*4
969
5 ♦<
•
780
90*8
45*>
06*0
850
80-0
03-2
92*0
STO
609
799
3 i*8
65*8
830
33-0
69*3
83*0
6*9
75*2
27*0
47*2
099
18-0
44*6
7
:
4
»P t
55-0
76 8
10 2* 0
82-0
2 H-0
69-7
891
31*0
60*5
85*0
23*0
47*9
92*0
38-0
60*0
709
22"
579
70*0
70*0
*,
741
47*0
eoi
74*0
319
549
76*0
389
589
709
94*(
68*6
94*0
59*0
77*0
98*0
48*(
65*9
03-0
7 7 * 11
2 1-0
44*0
05 0
20*0
2 0 -0
4
22*0
2 1* 0
38-0
74-0
27*0
45 0
67*0
880
1
3
12 * 0
47*8
94*0
62*0
76*0
89*0
40 0
aro
Highest.. .
Lowest... .
Average.
«89 to r o
4 6 '0 43*0
74*8 77*0
95*‘
491
778
90*1
400
60-9
811
38-1
04*0
8 8 -0
80*0
34*0
569
82*0
34-0
59*8
829
319
549
72*0
29-0
i 48*6
7P0
37*
01-5
Highest. .
Lowest... .
Average.. .
95*0
50*0
74*4
92*'
4576*5
88*0
791
40*0
82*>
38*
59*6
739
29*0
53*0
779
279
50*0
77*0
69*0
52 4
67*0
27*0
45*8
829
849
681
77*0
309
58*7
729
28
49 8
a tlanta.—
97*0
47*0
75*0
45*0
06*1
0 1 1
92*0 97*1
46*0 53*0
74*2 77-4
94*<
02*
18*0
52*0
09*2
80*0
47*0
07*4
911
400
08
80*0
40*0
0 1* 2
10 11
83*0
409
03*4
88*1
201
20*0
42*0
2 1* 0
45*4
201
440
8,000 228,000 10,000 246.000
6,000 185,000 8,000 193.000
Lowest...Averaj ;
1ampa.Highest.. .
Lowest. . .
Average .
Jupiter—
Highest ..
Lowest. . .
’.I 94*0
49*1
76*t
9 81
6 8 *‘
79*0
9V
049
791
89*0 87*0
64*0 BOi
72*0 70*0
891
521
09-7
83-0
40*0
05*0
849
851
4 5 9 '8 5 9
07*0 .81*0
909)
309
589
,74**
301
54*0
90*0
54*i
78*0
94*0
62*0
796
91*0
068 o *0
87*0
60-0
73*0
88*0
591
749
82*0
50*0
09*0
889
53-0
72-0
84*0
429
07 0
8 1* 0
50*0
74*0
40 0
04*0
8 O1
40i
009
87*0
81*0
78*0
90*0
71*0
81*1
90*0
70*1
70*2
84*1
6911
74*0
88*0
..
58*0
70*0
73-1
85*o
589
7a*o
84-0
04*0
70*0
~
..
..
91*0
50*0
75-8
921
57*i
74*8
87*0
50*«
70*0
82*1'
45*0
07»
84*154 0
050
78*0
45*0
0 1*6
80*0
381
62 6
800
41*0
Total Europe____ 18,000 423,000 14,000 413,000 18,000 439,000
t Of which toA m erica In 1897-93,26,013 baleB: 1» 1896-97, 25,193
bales: In 1895-96, 39,528 bales.
This statement shows that the receipts for the week ending
Feb. 2 were 170,000 cantars and the shipments to all Europe
18,000 bales.
M a n c h e s t e r M a r k e t .— Our report received by cable
to-Dight from Manchester states that the market is steady
for yarns and quiet for shirtings. The demand for China is
improving. U e give the prices for to-dav below and leave
those b r previous weeks of this and last year for comparison.
1897-98
1896-97.
d.
d. s. d.
d.
d.
d.
4
2 ®6 8
®73b
De. 31 5Hi„r6 sl6
1*236 7*2 4
®7
Jan. 7 5 llie ® 6 ^
1*236 7*2 4*32
® 7%
“ 14 5 il163>6£tt
1 -36 7
® 71
4
4**2
“ 21 5®8
1 «6 7
33*32
6*4 ®7!e
“ 28 5®8 ® 6 58
3 1«
1 ®6 7
6*4 ®7-*s
Feb. 4' 5 Ss®_______________
J u t e B u t t s , B a g g in g , «fee.— There has been no activity in
the market for jute bagging the past week. The ruling
quotations this evening are 4%c. for 1% lbs., 5 1-16c. for 2 lbs.
and 5*^c. for 2J^ lbs. The market for jute butts has been
quiet. Quotations are 80c. for paper quality, l ^ c . for mixing
and lK @ l^ $ c. for spinning cuttings, to arrive. From Messrs.
Ira A . Kip & Co.’s circular we ascertain that the deliveries
qf jute butts and rejections at New York and Boston during
January were 67,182 bales, against 16,952 bales for the same
month last year. Importers and speculators at New York and
Boston on January 31 held no stock, against no stock at the
corresponding date in 18975 and the amount afloat for the
United States reaches 99,932 bales, against 163,272 bales last
year.
88*0
8 8 *(
0 0 1
83*.
49*0
09*0
83*0
44*0
809
369
57 0
750
34*0
54*5
73*0
80*0
50*9
00*0
1
nobile.—
tfewton-
.
..
..
96*0
63*0
77*0
98*0
509
78*1
90*1
50*0
80*0
92*0
4H9
70*0
00*0
9>1
4370*0
809
321
57*5
83*0
329
59*0
79279
509
74*0
319
51*2
77*0
24*0
48*7
72*0
22-0
47-0
.
..
..
95*(J
54*0
78*C
92*0
49*0
71*0
93*0
541
81*0
90*0
49*1
69*0
89-1
45*0
0 8 *o
80-0
401
081
80-0
37*o
009
8 )9
331:
751
279
58*0
74*0
29*1
54-1
70*0
31*0
51*0
69*0
27-0
50'0
..
94*0
94*0
49*u
79*0
89-0
43-(
03*11
85*0
401
06*0
889
43-0
04*0
85*0
29*
0O*i
78*0
739
97*)
4777*0
86*0
:*2 -(
.
m
...
Highest.
57*0
78*0
2 71
52*0
78*0
2 o *0
43*0
75-0
17*0
47-0
10 0 * 0
10 0 * 0
48*0
77*0
96*0
44*0
790
93*0
40*
70-C
84*0
381
04*0
9 -1
379
80-0
Bun]
78*S
0 1* 0
53*7
84*0
24*1
58*0
81*0
23*
65*0
709
259
499
48*0
97*f
97*0
44*<
73*0
94*0
420
70-0
911
361
83*0
839
6 61
83-0
229)
50*0
51*4
791
2 09
541
75*0
23*0
51*0
099
209
459
« 8*0
20*0
00*0
44*2
70*0
19-0
44'0
91*i
56T
799
949
5<*0
8 91 9 11
599 1 5 4 1
7 49 7U1
87-0
52*0
071
821
44-1
03-
841
85*l
059
81*0
37*0
p2 " 0
771
841
571
78*0
32*0
54-0
75*0
84*0
54*0
99.9
*
47* » 45")
78* D 7b*t
981
4tt’ C
791
93*1
43*
72*
881
481
90*0
4 41
0 2 C
831
57i
80 C 801)
299
291
5 91 54 0
74*i
191
48-1
79*0
25 *c
519
71*0
26*0
49*0
94*(
89*< 901
52* 1 47-1
0 71
72*
85*0
4 01
02*2
79*1
38*1
eu*;
801
84 (
03t
74-1
30-1
65%
77*0
829
53*5
74*0
80-1
08- 1 0 2 * 1
41* Ì 40*<
69* 3 74*C
98* 3 9 21
41* 3 381
60* 3 031
95*«
35*i
05*«
801 901 84*1
28-' 1 2 51 1 2 51
571
551 5 5 1
791
8 li191 : 2 VO
639
44*
78*0
19*0
48*0
08* 0
41 )
70 0
9244
0 1 -3
931
32501
80*
80*
18* 0 1 **
55* » 0 0 *)
8 8
l
26
651
710
75*
21
13*
48 0 4 P ,
74*0
18*0
50*0
93*0 87- 3
45* • 43*
,71* 2 06* j
841
42*
02*
«
80* )
29* )
58* 0
8 6 *0
7 81
31 : 1
671
74*
74*0
0 0 *0
90* 0
87*
04* 0
88*
87*0
3426*0
0 2 1 i l l 55*2
84*0
23 )
5s* 3
871
2654* i
81* 0
23 0
4P 7
t lorenee—
8 ^ lbs. Shirt G o tti
18*4 lbs. Shirt-1Oott’ n
32s Oop. ings, common\ Mid. 32s Oop. ings, common M id
Twist.
Twist.
JJplà
to finest.
to finest. ' TTplds
December.
November.
L897. I
»96- 1
189 f-96.
170,000
5,094,000
Since
This
week. Sept. 1.
1
95*<
44*0
73*3
.
.
Alexandria, Egypt,
February 2.
897
90*( 1 o v e
48*< f>4*(
71*0 7 7 »
Augusta.—
a decrease of 156,000 bales.
A l e x a n d r ia
J ll
from a l l
896. 1
ii
I n d i a C o tto n M o v e m e n t
October.
September.
thermometer
III
9*7
12-2
4-7
24-7
33
M em phis.....................................Above zero of gauge. 6
12
NashviMe....................................A bove zero of gauge. 3
Shreveport.............................. ¿.Above zero of gauge.9-4
400
Vicksburg....... .......
Above zero of gauge
75*i
.
”
Lowest.
...
94*<
79*
10 0
...
Jr... o r 0.
5ru
; ; 7b* 1
—
109* 0
.. 48* 0
.:
7a*U
929
45*(
76*’
00*1
57*9
20*1
70*0
201
20*1
02*0
20*0
00*6
76*0
34 *
6 8 *r
>
73*0
20*0
;o
*o
17-0
47*0
30*0
53*1
*L
Highest.
Lowest
& **
.V
.
0
* 103- • 1 0 1 * 1
44
421
44
78 0 76 0 t l 9
...
96 0
48 0
77 7
96* 0
42* 0
70 s
95*<
44*
bOi
...
98 0
45 0
76 1
98*0
38*0
74*4
95*0
98*
43*
35 0
78- 6 l 6 8 9
10 0
Leiand—
Highest . . . .
Lowest. . . .
27* )
2 5 10
49* 0
75)
30*0
53-2
88 0
22 '
50*0
25*0
50*0
2PQ
THE
F ebruary 5, lb18.]
.
September.
2 hermometer
October.
Noven•
ber.
C H R O N IC L E
December.
Rainfall.
1897. 1896. 1896. 1807. 1896. 1826. 1897. 1896. 1895. 1897. [1890 1895.
MISSISS’PI.
Brookhaven—
H ig h est...
L o w e s t....
A verage...
Waynesboro •
H igh est...
L o w e s »....
A vera ge...
ARKAN S’S
Little Rock.—
H ig h e st...
L o w e s t....
A vera g e...
Helena—
H ig n est...
L o w e s t...
A verage...
to r t Sm ithH igh est...
L ow est....
A verage...
Camden—
H igh est...
L o w e s t....
A verage...
Coming—
H igh est...
L o w e s t....
A vera g e...
TENNES’E.
tfashville.—
H ig h e st...
L ow est. .
A verage..
Memphis.—
H igh est...
L o w e s t....
A v e ra g e ...
Athwood.—
H ig h est...
L o w e s t...
A v era g e...
99*( 91*0 90*0
42*C 87*0 30*0
07*f 04*9 628
P3*0 87*0 81*0
280 25*0 24*0
58*0 00*8 60*7
9E
*C 95*0 100*0
4l < 4H
:
*0 48*0
780 70*7 78*6
92*( 85*0 80*0
42-C 86*C 35*i
09*0 03*7 69*8
89*0 f0*C 70*0
30*0 28*C 26*0
59*0 60*0 50*0
870 100*0 90*<
4«*0 41"( 45*(
779 78*8 78*1
93*C 91*0 84*0
4k*( 88*0 38*0
69S 01*8 58*0
80*0 78*( 70*(
24*1 21*0 28*1
52*4 68*2 50*2
71*0
20*1
40*4
89-0 90*0 90*)
45*0 40*0 44*1
69-4 71*0 77*8
85*t 78*0 85*(
40-C 35*0 30*(
72*f 08*7 70*0
74*0 78*0 76*0
25*0 21*1.' 20(
50*0 52*0 00*2
08*0
230
39*3
88*0 102*0 97*'
44*0 41-0 37*1
76-0 75*0 76*0
92-C 91*0 82*0
86*0 85*0 80*0
68*C 01*0 57*0
80*0 79*0 79*0
26*0 19*0 24*0
51*0 51*0 48*0
72*0
14*0
39*0
99-0 103*0 98*0
48-0 S8*0 4i *0
77-4 74*8 77:8
93*0 90*0 83*0
4 * 32*0 31*0
> 0
08*8 01*2 57*2
82*0 88*0 81*0
26*0 21*0 20*0
522 54*6 50*2
74*0
20*0
48*0
If 2-0 98*0 97*0
84-0 85*0 82*0
74-0 08*1 73*8
93*0 84*0
29*(J 29*0
08*9 50*2 66*5
79*0 79*0
13*( 22*0
47*8 40*0
re-o 99*0 94*0
44*0 40*0 44*(
750 71-7, 75-9
90*0 81*0 84*0
80*0 85*0 320
00*0 59*0 56*8
77*0 75*0 70*0
23*0 18*0 22*0
50*8 61*8 49*0
07*0
19*0
42*0
96*0 90-0 90*'
49*0 41 0 45*0
78*0 72-8 77*8
91*0 85*0 81*0
44*0 40*0 870
69*8 62*0 68*4
77*0 70*0 74*0
20*0 190 27*0
630 53*2 57*6
70*0
22*i
41*4
88*0 93-0 90*(
45*0 44-0 48*1
710 71 0 07*4
90*0 79*0 84*1
37*0 85*0 88C
02*0 57*0 50*7
70*0 70*0 74*0
20*0 19*0 28*0
50*0 48*0 t0*9
75*0
20*0
40*0
90 0 90*0
01 0 00*0
80*2 61*3
91*0 87*( 83*0
50*0 68*0 60*0
70*0 71*0 09*7
70*0 79*0 76*0
44*0 85*0 37*0
65*2 05*2 01*0
71*0 73*0 74*0
30*0 34*0 40*0
56*4 50*7 56*2
104-0 100*0
47*0 48*1
79*0 82*0
94*0 92*0 87-0
44*0 46*0 430
72*0 00*0 05*0
84*0 83*0 79*0
80*0 28*0 29*t
68*0 89*0 56*0
74*0 80 0 73*0
18*0 23*0 240
47*0 53*0 60*0
99*0 98*0
42*0 6U
*(
75*0 70*8
890 86*0 88*0
84*0 43*0 40*0
080 02*0 00*6
81*0 82*0 77*0
20*0 21*0 17*0
550 53*0 60*0
79*0 70*0 74*0
15*0 17*0 20*0
42*0 60*0 45*0
100*0 98"(
47*0 60*(
79*0 81*0
92 0 87*0 94*0
4tt*0 50*0 49*0
72*0 08*0 t9*0
80*0 84*0 60*0
38*0 32*0 82*0
02*8 02*0 18*0
78*0 83*0 70*0
29*0 80*0 26*0
61*1 50*0 64*0
1010 90*0
46*u 49*6
76*3 88*1 80 9
91*0 87*0 88*5!
45*0 45*0 49*5
71*7 00*3 05*4
810 85*0 79*0
82*0 38*0 29*6
68*2 017 55*4
77*0 75*0 740
22*0 31*0 26*5
48*0 49*8 60*3
100*0 1f2*0 100*0
4ft*0 4.V0 50*0
78 3 78*0 818
90*0 91*0 900
41*0 44*0 42*0
09*9 05*2 01*7
85 0 84*0 80*0
29*0 30*0 28*0
55*6 59*0 5a*7
75*0 75*0 780
100 200 24*0
40*0 49*7 481
90*0 88*0 89*0
45*0 40*0 44*0
78-5 08*0 00*0
05*(
331
00*1
TEXAS.
Galveston.—
H ighest.... 91*0
L ow es t... 63*0
791
A verage..
Palestine.—
H ig h e st... 100 0
49 0
A verage..
77"fc
Abilene.—
H igh est... 95*0
62 0
A verage... 75*0
8an Antonio.
H igh est... 95*0
L ow est... 54*0
A verage... 77*5
Huntsville.—
97*0
A verage...
Longview—
Average.
Missouri City
H ighest.... 97.0 100*0 99*0
480 45*0 49*0
A vera g e... 78*0 77*0 80*0
IN DIA N T.
"■ j
Oklahoma—
H igh est.... 90*0 100*0 98*0 91*0 9l*0| 83*0
L ow est.... 49*0 87*0 8d*0 80*0 86*0 34*0
75-21 71*9 70*11 00*i 59*2 55*7
Average.
October.
September.
Rainfall.
1897. 1890. 1895
V IRG IN IA.
Norfolk
Rainfall,in 2*01 3*47 0*19
8
9
3
Days rain..
N. C A R ’NA
Wilmingt'nRainfall,ir
Days rain..
fPsldon.—
Rainfall,in
Days rain..
Charlotte—
Rainfall,in
Days rain..
Raleigh—
Rainfall,In
Days rain..
Morganton.—
Rainfall.in
Days rain.
8. C AR O L’ A
Charleston—
Rainfall,in
Days rain..
Btateburg—
Rainfall,In
Days rain..
Columbia.—
Rainfall.in
Days rain..
Holland—
Rainfall.in
Days rain..
Greenwood—
Rainfall.in
Days rain..
1
83*0 81*0
82*0 28*0
02*0 67*0
76*0 78*0
26*0 20*0
54*0 53*0
78*( 80*0 71*0
11*1 14*0 18*0
48-0 40*8 46*0
70*0 75*0 07*0
, 0*0 17*0 11*0
86*6 45*2 88*4
November.
December.
1897. 1890. 1895. 1897. 1890. 1895. 1897. 1890. 1896.
8*70 2*16 1*99
8
8
12
2*84 2*41 3*41
12
9
8
3*88 3*21 3*54
9
0
10
1*54 8*10 4*40
10
7
7
4*44 4*08 1*07
10
3
10
1*58 3*52 2*74
4
5
lb
4*38 3*21 1*40
12
1U
7
4*30 0*48 0*07
5
9
2
4*12 1*69 2*48
4
8
10
3*21
9
1*79 2*01
9
.7
2*91 3*91 2*05
0
11
11
0*90 4*69 0*88
7
6
6
1*89 0-98 0*79
0
0
3
3*11 3*67 2*39
7
7
8
2*58 1*87 332
10
12
0
0*70 8 78 0-38
3
8
6
2*62 2*07 2 82
12
0
5
8*48 2*80 2*84
5
7
10
2*58 1*84 2*02
12
8
7
1*57 6*44 8*08
2
9
5
2*01
4
0*70 0 50
2
2
1*98 S-25 1*21
6
3
8
8*49 2*25 3*82
9
4
7
2*01 2*75 0'94
4
8
8
7*04 1*88 0*77
7
7
3
0*60 i-77 2*44
10
14
7
2*35 5*70 2*03
11
9
10
2*74 218 0*88
4
0
3
5*06 0 74 1*76
0
4
8
0*94 322
6
9
1*77
8
2*20 8*19 2*71
11
7
7
2*49 0*74 1*47
4
4
5
187
5
0*42 1*48
3
3
1*00 8*35 1*7)
5
8
8
1 70
4.
4*40 2*55 2*80
5
3
2
8*0« 1*50 0*55
8
4
7
1*14
0
2*34 8*11 3*84
0
6
12
1*92 2*89 4*49
9
6
7
1*71 1*98
5
5
2*62 0*40 0*67
2
0
3
1*02 3*74 2*01
7
5
8
1*98 3*23 3*75
10
0
10
1*80 0-21
2
3
1*8.
5
2*08 2*72
0
9
0*87 0*99 1*11
8
0
7
2*19 4*00
11
9
600
10
7*80 4*80
10
12
4*78 1*00 3*04
6
0
8
0*08 2*40 1*78
3
14
10
2*60 1*26 1*14
10
3
8
5*04 8*41
15
21
9*98 5*98 578
12
17
15
0*49 8*01
6
5
1*90 3*25
10
8
i ’00 4*91
8
....
2*57 4*10 1-96
S
4
5
1*02 8 9« 221
4
3
9
5*27 6*70 2*84
4
5
5
TENNES’E.
Sathville.—
Rainfall,in
Days rain..
Memphis.—
Rainfall,in
Days rain..
ithwood—
Rainfall,in
Days rain..
TEXAS.
ualveston.—.
Rainfall,in
Days rain..
c alestine— >
■
Rainfall,in
Days rain,,
Abilene.—
Rainfall,in
Days rain..
San Antonio,
i R alnfa l,in
Days rain..
Huntsville.—
Rainfall,in
Days yain„
Longview—
Rain fall,in
Days rain..
Missouri City
Rainfall,in
Days rain..
1
0*09
2
8*04 O
*E0 0*10 2*34
3
4
2
2
GEORGIA.
Augusta.—
Rainfall,in 3*00
Days rain..
5
Atlanta.—
Rainfall,In 0*14
Days rain..
2
Savannah.—
Rainfall ,1b 6*62
Davs rain.. 11
F L O R ID A .
JacksonvilleRainfall.in 10*23
Days rain.. 17
1 ampa.—
Rainfall.in 10 78
Days rain.. 17
Jupiter—
Rainfall,In 18*09
Days rain.. 23
IdUahassee—.
Rainfall, in 3*98
Days rain..
8
1*28 1*30
7
5
3*03 0*68
4
8
INDIAN T.
OklaJ.oma—
Halnfall.in
pays rain..
t Trace.
!
j
13*8»
*
3*5«
0*55 1*02 1*20
4
0
6
1*89 2*04 0 87
7
9
8*37 2*1C 3*4*
5
8
2*1 ü 4*81 S*5(
7
7
5
3*20 2*80 O’PO
0
12
4*97
11
3*80 0*37
2
0
2*16 2*51 2*68
5
4
3
1*26
4
2*34 2*90 2*06
4
7
0*08 1*27
0
0
0*27 1*28 2*75
4
5
6
C’84 8*80 2*13
0
8
66
*2
1*78 2*89
4
5
2*07 1*88 1*92
4
4
0
1*82 0*27 1*07
0
5
3
8*30 1*45 5*27
12
2
7
6*20 1*97
0
10
2*40 5*14 T21
11
9
5
3*88 2*82 O
*0P
5
10 | *
4*(0 3*77 4*52
8
10
11
5*22 0*75 1*87
11
3
7
1*10 0*74
3
! 9
2*52 1*08
5
9
1 8
! 6
7*04 1 0*71
0
! 8
! 6
13
9
1 8
13
1*07 5*44
3
8
3*59 0*72
7
5
3*e7 5*04 2'5(‘
0
10
3
2*10 1*08 0*06
5
7
0*8» 2*18
0
10
3*72 8*00 0*38
7
8
4
3*88 8*78
0
9
4*10 3*55
4
3
5*98 8*90 3*18
3
0
2
1*77 0*73 6*22
4
5
5
1*84 0*91
6
0
2*88 3*83 2*P4
4
5
8
0*18 0*18 2*02 12-91
16
4
2
8
0*20 0*14
0
5
1*94 3-00 1*62
9
9
6
1*87 2-87 2*74 18*27 1*88 8*70
10
6
0
10
9
10
1*72 0*05
3
1
2*10 1*97 1*07
3
4
3
2*50 4*20 407 10*(1 0*10 4*1»
12
5
6
6
1
0
2*48 0*00
6
2
0*76 0*15 1*75
3
7
8
3*03 5*86 2*04
0
3
5
1*93 7*84
3
7
1*15 0*40
4
1
0*85 2*90 2*06
2
3
3
2*95 2*36 1*20
3
3
3
1*60 41*8'
4
8
0*33 8*85 0*41
1
8
4
1*95 8*12 2*22
6
0
6
2*97 3*81 5 2 «
0
7
9
5*57 5*51
12
3
0*00 2*81 0*85
5
0
5
1*20 2*44 1*49
4
5
7
5*88 0*84 4*98
10
7
7
8*31 0*28 2*60
11
li
3
2*87 2*72 2*80
8
4
7
1*17 3*10 1*28
4
8
9
1*55 2*81 3*26
0
0
11
6*04 0*33 6*00
12
4
8
0*97 3*49 3*88
0
6
3
4*88 6*02 1*42
5
0
10
2*85 2*45 4*42
4
9
8
0*51 1*48 2*036
5
7
4*28 2*81
8
0
2*85 1*86 1*38
3
4
4
3*89 6*00
11
6
1*27 2*75'
5
’8
0*19 2*74 0-09
8
2
5
0*92 0*98 1*57
4
0
5
2*88 5*71 2*14
9
0
8
4*98 179
16
4
0*00 3*2
5
0
0*78
7
1*00 1*49 217
4
0
7
5*00 7*47 5*54
7
7
9
5*80 0-50 3-Ò94
14
IS
8*61 5*20
5
4
0*60 1*86 2*11
2
3
2
8*08 7*00 2*40
7
7
5
5*71 1*00 4*44.
10
4
7
2*40 2*20 i-80
10
10
15
5*12 2*14 2-9SJ 1*02 1*94 5*96
0'
18
7
11
12
5
2*68 2*33 4*2813
9
1
2
1*80 2*01 1*05
5,
5.
5
8*06 7*10 8*78 1*30 1*37 4*28
0
8 , 11
7
5 ,.8
08
*1
2*89 4*14 3*95
0
11
7
1*82 4*18 4*18
7
14
7
+
1
+
1
14*84
8
0
4*82 1*35 4 83
11
3
7
9*57 1*12 3*80
9
a
7
13,
1*06
8
5
ao
-s io
4*09*
10
2*15 4*84
4
7.
0*01 0*38 2*88
a
11
1
0*52 2*40
0
5
,2 .0
*O
&
os
*&
1*01 8*87 1*25
11
11
8
1*85 0*04 1*48
11
0
4
0*43 0*79 8'88
0
13
2
1*34 0*74
1
1 7
3*44 4*85 1*10
4
9
1
6*8« 4*04 6*41
0
0
4
1*78 2*42 2*02
,4 , 5 ' 7
4*25 1*50 2*70'
o 4
1
1 3
2*16 3*80 0*01
0
4
1.
2*89 0*00 S‘69
9
0
6
1*78 2*15 2*06
0
7
8
7*02
3*23 0*89 1*90
6
7
0
5*10 4*50 2*07
5
4
5
0*27 8*90 6*00
2
8
8
•
;r
1*22 2*14 3 93
5
6
7
0*81 1*9X 2*92
1
9
6
5
0*68 241 5*79
1 1 4 J 0
0 70 1*22
4
8
1*90 3*38 3 27
8
10
8
4*36 2*21 088
3
2
3
A R K ’NSAS.
Ittle Rocl{.Rainfall,ir
Days rain..
Helena—
Rainfall,it
Days rain..
Fort Smith—
Rainfall,in
Days ra in .
Camden—
Rainfall,in
Days rain..
Coming—
Rainfall,in
Days rain..
December.
November.
October.
September.
1897. 1890 1895. 1897. 1890 1896. 1897 1896 1895. 1897 1896.1
1895.
ALABAM A.
! Montgom’y.—
81*0 75*0 i Rainfall,in 1*06
23*0 19*0
5
Days rain.
49*9 49*7 Vohile.—
Rainfall,in 2*12
75*0 75*0
8
Days rain..
21*0 20*0 Newton —
Rainfall,in 1*34
46*7 47*5
5
Days rain..
Birmingham
Rainfall,in 1*15
60*0
Days rain..
73*0
3
22*0 17*0 Florence—
Rainfall,In 0*C0
40*8 44*2
0
Days rain..
09*1 09*0
22*0 21*0 LOUIS’ANA
44*5 44*5 Sew OrleansRainfall.in 8*19
74*0 00*0
8
Days rain..
19*0 15*0 Shreveport.—
Rainfall,in 1*11
46*0 42*0
4
Days rain..
72*0 78*0 9rd. Coteau17 0 19*0
Rainfall,ln 2*00
Days rain.,
44*8 46*0
8
tbertyHiU—
Rainfall,in 0*72
70*0 050
4
14*0 16*0
Days rain..
41*5 39*3
MISSIS’P I.
'•olumbus.—
Rainfall,in 0*05
69*0 70*0
1
Days rain..
19*0 12*0 1icksburg.—
42*9 41*4
RainfalUii 0*28
6
Days rain.
73*2 090 (.eland—
21*5 20*0
Rainfall,in 0*00
47*0 44*4
Days rain..
0
Srookaven—
Rainfall,in 0*26
07*0 05*0
21*0 18*0
1
Days rain..
44*0 41*9 WayrusboroRainfall.in 0*60
1
Days rain..
09*0 100-0 100*0
47(1 88*0 42*0
70'2 78*2 81*1
295
6
2 5 '8*28
*5
1 . 3 , 7
1
3*69 2*00
e
4
S’79-
«
T h e E x p o r t s o f O o t t o n from New York this week show,
decrease compared with last week, the total reaching 12,58®
bales, against 21,324 bales last week. Below we g iv e tu r
usual table, showing the exports o f ootton from New York*
mid the direction, for each of the last four weeks; also the
total ixports and direction since Sept. 1,1897, and in the last,
•olumn the t o t a l for the same oeriad of the previous y e a r.,
BXPO BTS OF OOTTON (BALKS' FROM KBW TORS SINCE) 8BPT. 1, 18 *7.
Week Ending—
Exported to—
Liverpool. . . . . . . . . . . .
Other British ports.
Jan.
14.
Jan.
21.
Jan.
28;
Feb.
4.
Rame
Total
perii d
tinee
previe us
Sept. 1. ' pear.
4.087Í 3,706 10,013 1,779
2,632 3,306 2,289 2,356
121,623
41,555
143,045
60,715
T o t . to G t . B b it ’n .
6,719
7,O la '12,302 4,135
163,178
203,760
Havre.........................
2*29 590 1*04 8*00 1*42 2*98 Other French ports..
2,423
........
3,448
518
345
29,945
2,298
17,684
3,966
6
12
7
15
4
10
967
60
ICO
T o t a l F r e n c h ___
2,423
32,243
17,684
1,763
100
2,814
1,067
*
1,296 1,95*
572
1,064
1,299 1,198
445
Bremen.......................
Hamburg........... . . . . .
1*50 4*55 8*12 4 84 2*17 1*15 Other ports................
1,371
1,206
1,186
42,8C8
13,833
16,772
26,836
8*28018,669
T o t . t o N o .E u b o p e
4,677
3,659 3,729 3,763
0*71 2*42 8*74
6
7
9
7
14
13
2*20 0*8b 171
8
8
8
11
8
0
73,413
53,795
1,085
3,160
38,347
15,179
54,076
54L
4,245
53,526
54,617
G r a n d T o t a l ___ 15.452 18,886 21.324 12,588
322.360
329,856=
Spain, Italy, A c ........
All o th er.......... ........
T o t a l S p a i n , A c ..
833 4,249 1,012
800 ........ 3,214
1,633 4,249 4,226
rH E
296
■Co m p a r a t iv e P o r t K e o e ip t s
D a il y C r o p Movem ent.
Fear Beginning September 1.
Monthly
Receipts.
Sept’mb’r
O ctober.
Novem b’r
D eoem br
January
and
C H R O N IC L E
1897.
1896.
1895.
1894.
1893.
786,702 912,486 383,886 518,762 377,408
1,424,907 1,468,51» 1,202,460 1,622,664 1,311,279
1,776,907 1,286.251 912,759 1,607,662 1,272,776
1,584,948 1,256,000 987,899 1,497,560 1,239,738
1,114,873 635,878 548,118 938,197 687,028
1892.
405,355
1,135,473
1,125,855
930,029
436,457
[ V o l . L X V I.
th e w e e k in w h ic h it le a v e s th e S o u th e rn o u tp o r ts , w e f o llo w
th e sa m e p la n a s in o u r r e g u la r ta b le o f in c lu d in g it w h e n
a ctu a lly e x p o r te d f r o m N e w Y o r k , «fee. T h e d e ta ils o f th e
sh ip m en ts o f Sea Is la n d c o t t o n f o r th e w e e k w ill b e fo u n d
u n d er th e h e a d “ S h ip p in g N e w s ,” on a su b seq u en t p a g e .
(Quotations F eb . 4 at S a v a n n a h , f o r F lo r id a s , c o m m o n ,
9J£c.; m e d iu m tine, 1 0 c.; c h o ic e , 1 3 ^ c .
C h arleston , C arolin as. m e d iu m fine, 1 5 ^ t o 1 6 c.; fin e, 1 7 c.;
fu lly fin e, 19 to 20o.; e x tr a fin e, 26 t o 33c.
O v e r l a n d M o v e m e n t , & c ., to F e b . 1.— In ou r e d ito ria l
colu m n s to -d a y w ill b e fo u n d o u r re g u la r statem en ts o f
Total... 6,688,337 5,559,131 4,035,122 6,184,845 4,888,219 4,033,169
o v e rla n d m o v e m e n t, receip ts, ex p o rts, sp in n ers’ ta k in gs, «fee.,
P'oent’ge o f tot.port
78*70
81*70
b ro u g h t d o w n t o F e b ru a ry 1.
78 46
75-35
81-55
reoeipts Jan. 31..
S h ip p in g N e w s .— A s s h o w n o n a p r e v io u s p a g e , th e
y n iHHLaLolllrllt HliU WP l/J IrtU up IU u a u u a ij v* w
L
Z
at the ports this year were 1,129,21)6 bales more than in 1 *69-97 e x p o rts o f c o t t o n fr o m th e U n ite d S ta tes th e p a st w e e k h a v e
and 2,653,215 bales greater than in 1895-96. By adding to re a ch e d 207,653 b a les. T h e sh ip m en ts in d e ta il, as m a d e u p
title totals to Dec, 31 che daily receipts since that time we fro m m a il a n d te le g r a p h ic re tu rn s , are as fo llo w s :
Total
shall be able co reacn an exact comparison of the movement New Y ork — o Liverpool, per steamer Nomadic, 1,404 upland bales.
-T
for the different years
and 375 Sea Island...................................................................
1,779
To Hull, per steamer Francisco, 1,274............. ............... ..... 1,274
1892-93.
To Manchester, per steamer Hogarth, 782 upland and 300
1897-98. 1896-97. 1895-96. 1894-95. 1893-94.
Sea Island...............................................................................
1,082
To Havre, per steamer La Champagne. 345.....................
345
To. Do. 31 5,573,464 4,923,253 3,487,004 5,246,648 4,201,191 3,596,SIS
To Marseilles, per steamer Patria. 100....................................
100
8.
32,028
32,677
17,433
29,197
Jan . 1 —
37,277
To Bremen, per steamer Weimar, 1,371 ............................... . 1,371
17,430
23,643
If 2 ....
19,798
13,524
20,903
To Hamburg, per steamer Phoenicia, 1,206............................ 1,206
S.
22,4-5
To Rotterdam, per steamer Rotterdam, 200........ .................
200
32,623
if 3 . . . .
40,693
26,705
8.
42,764
To Antwerp, per steamers British King, 200___Friesland,
18,432
it 4 ....
22,814
48,136
25,570
32,765
70,091
786............................
- .......- ..............................................
986
18.183
30,663
If 5 ....
23,071
8.
29,522
To Genoa, per steamer Victoria, 785.......................................
785
38,871
18,672
To Naples, per steamer Victoria, 300......................................
300
22,088
< 6 ....
8.
23,347
23,228
38.991
To Japan, per steamer Queen Olga. 3,050............................... 3,050
20,845
it 7 ....
8.
50,228
21,672
22,568
72,279
To Shanghai, per steamer Queen Olga, 110.......................... .
110
8.
28,516
if 8 ....
24,336
32,888
39,250
New Orleans—To Liverpool—Jan. 28—Steamer Cuban, 8,216
40,563
___Jan. 31—Steamers Montpelier, 7,161; Tamplcan,
17,406
22,841
■4 9 ....
4
32,704
13,449
20,134
8.
10,640__ Feb. 2—Steamer European, 22,500...................... 48,517
25,627
20,360
II 1 0 ....
26,052
29,448
8.
61,416
To Bremen—Jan. 29 —
Steamers Jeanara, 9,500; Marthara,
11,509
17,085
if 11..L*
39,407
17,079
7,249
Feb. 4—Steamer Samara, 7,900............................. 24,649
30,427
48,892
To Hamburg—Tan. 29—
Steamer Eihelreda, 9 5 0 ....Feb. 1—
12,168
24,423
4i 1 2 ....
25,203
8.
29,224
46,064
Steamer Hercynia, 3,333............................................... 4,283
19,741
27,993
U 1 3 ....
8.
18,455
20,574
33.976
To Antwerp—Feb. 2—Steamer Arabian Prince, 3,200.......... 3,200
14,995 Galveston—To Liverpool—Jan. 28—Steamer Fulwell, 7,103
8.
52,159
24,870
4 1 4 ....
16,118
40,56Î
_ Jan. 29—
_
Steamer Bernard Hall, 4,299........................... 11,402
8.
4 1 5 ....
»
26,546
15,092
30,136
35,364
37,947
To Havre—Jan. 29—Steamer Treasury, 5.470___Feb. 2—
29,038
22,169
if 1 6 ....
25,621
20,870
25,160
8.
Steamer Khio, 6,722
Feb. 3—Steamer Tropea, 6,068... 18,260
26,662
23,121
if 1 7 ....
27,619
> 23,471
To Bremen—Jan. 29—
Steamer Avona, 3 ,8 7 8 ....Jan. 3 1 8.
44,401
Steamer Otterspool, 7,530..............................................
11,408
- 1 8 ....
if
13,332
21,404
49,068
12,529
26,965
40,742
125
To Hamburg—Feb. 1—Steamer Falshaw, 125........................
4 1 9 ....
4
27,973
36,526
12,466
8.
20,486
34,167
To Rotterdam—Jan. 28—Steamer Honiton, 9 0 2 ....Feb. 2—
■4 2 0 ....
4
26,446
8.
18,278
Steamer Acacia, 250...............
1,152
18,627
16,457
23,197
To Antwerp—Feb. 3—Steamers Coniscliffe, 900; Olinda,
4 2 1 ....
4
42,676
8.
24,358
13,572
9,663
53, <86
1,363............
2,263
4 2 2 ....
4
33,994
28,215
18,872
25,350
8.
20,757
317
T exas City , &c.—To Mexico, per railroad, 317................. —___
4# 2 3 ....
17,054
38,009
32,655
21,108
14,403 Mobile —To Liverpool—Feb. 3—Steamers Lovstakken, 6,718;
8.
Mobile. 7,947......................................................................
14,665
20,501
29,873
4 2 4 ....
24,686
8.
14,723
42,160
To Manchester—Feb. 3—Steamer Ethiope, 7,074....................... 7,074
16,759
40,501
19,981
33,476
11,255
36,877
2 5 ....
To Tampico—Jan. 28—Steamer Belvemon, 2 0 0 . . . . . . . . . . . . . .
200
4 2 6 ....
4
To Vera Cruz—Jan. 31—Steamer Helios, 100................. , . . . .
100
22,906
22,389
8.
24,211
26,558
10,451
Savannah—To Liverpool—Jan. 31—Steamer Cumeria, 4,845
23,612
44 2 7 ....
8.
23,588
19,861
11,269
24,161
upland and 1,690 Sea Island. . . . . . . .
........
6,535
4 2 8 ....
4
42,050
8.
13,633
20.896
10,106
58,197
To Bremen—
Feb. 1—Steamer Matin, 11,725.................. ....... 11,725
Brunswick —To --------- ----- Feb. 1—Steamer---------- , 1 0 0 ...........
100
22,000
19,231
4 2 9 ....
4
26,014
32,891
8
28,191
Charleston—To Hamburg—Jan. 29—Steamer Dalmatia, 1,932 1,932
■4 3 0 ....
4
14,184
22,695
19,028
24,186
16,990
8.
To Barcelona—Feb. 2—Steamer Sydenham, 6,780................ 6,780
4 3 1 ....
4
25,480
25,637
44,282
8.
25,165 P ort R oyal —To Liverpool—Jan. 31—Steamer Mount Hebron,
72,287
4.973.. . ....... ........................................................................... . . 4,973
Tot.Jn.31 6,688,337 5,559,181 4,035,122 6,184,845 4,888,219 4,033,169 Boston—To Liverpool—Jan. 27—Steamer Roman, 2 ,2 20 ....
Jan. 28—Steamer Corinthia, 1,494__ Feb. 2 -Steamer
15,242
18,192
8,55»
33,520
11,778
25,992
Feb. 1 ....
Sagamore, 1,485................................ .................— . . . . . . 5,199
II 2 ....
17,014
8.
21,794
22,797
12,636
37,701
To Yarmouth—J an. .28—Steamer Boston, 49.......... ...............
49
4 3 ....
4
22,277
11,222
14,247
8.
10,188 B altimore —To Liverpool—Feb. 2—Steamer Templemore, 630.
25,853
630
To London—Feb. 2—Steamer Maryland, 200........................ .
200
4 4 ....
4
31,435
15,662
23,198
8.
11,759
33,104
To Havre—Jan. 27—Steamer Trentham Hall, 200.............
200
To Bremen—Feb. 1—Steamer Willehad, 2 , 6 1 5 . . . . . . . . .. . . . . . 2,615
T o t a l .. 6,810,987 5,626,001 4,095,839 6,272,597 4,928,019 4,079,530
550
To Hamburg—Jan. 31—Steamer Scotia, 550.................... .
P'oent’ge o f tot. port
P hiladelphia —To Liverpool—Jan. 20—Steamer Belgenland,
82*53
75*91
79-63
82*37
79 61
292.. . . . . ...................... .................. ......................................
292
receipts Feb. 4 ...
P ortland, Me .—To Liverpool—Feb. 2—Steamer Labrador, 41.
41
S e a I s l a n d C o t t o n M o v e m e n t . — W e have received th18 San F rancisco—To Japan—Feb. 3—Steamer Coptic, 1 ,5 9 0 ..... 1,590
To Shanghai—Feb. 3—Steamer Coptic, 6 0 0 ........... ............ .
600
(Friday) evening by telegraph from the various poits the
details of the Sea Island cotton movement for the week. The
Total........................................... ...................................... ............207,653
reoeipts for the week ending to-night (Feb. 4) and since
The particulars of the foregoing shipments, arranged in
Sept, 1,1897, the stocks to-night, and the same items for the
our usual form, are as follows.
corresponding periods of 1896-97, are as follows.
1897-98.
Receipts to Feb. 4.
1896-97.
Etoek.
Since
This
Since
This
week. Sept. 1. week. Sept. 1. 1898. 1897.
Savannah......................
Charleston, «feo....... .
Florida, «fee.......................
1,047 52,918
166
9,416
500
5,747
1,065 77,717 21,953 21,985
80 10,071 6,126 4,471
197
5,964 2,195 4,096
Total...........................
1,713 68,081
1,342 93,752 30,274 30,552
The exports for the week ending this evening reach a total
of 2,365 bales, of which 2,365 bales were to Great Britain, —
to France and — to Reval. and the amount forwarded to
Northern mills has been 1,557 bales. Below are the exports
for the week and since September 1 in 1897-98 and 1896-97 .
Export»
from—
Savannah...
Charl*t’n,&e
Florida, &o.
Mew Y o r k _
Boston _ _
Halt.,
Week Ending Feb. 4.
Since Sept. 1,1897.
Itorth’n Mil s.
Oreat Fr’nce _ . , w ,
Oreat Fr’nce
Sinct
Brit’n. de. Total. Brit’n. de. Total. Week- Sept.'}
1,690
1,690 10,152 2,529 12,681
2,276
2,276
1*725
1,725
*675 4,661 1,809 6,470
52
52
807 15,329
250 1,114
500 5,547
Oreat French Oer- ,—Oth.E’rope— Mexico.
\
dc. Japan.
Brit’n. ports, many. North. South.
110 3,050
New York. 4,135
445 2,577 1,186 1,085
.............
N. Orleans. 48,517 ........ 28,932 3,200 ..........
317 .........
G’lv’ t’n.& o 11,40218,26011,533 3,415 3,439
300 .........
Mobile....... 21,739
. . . . .........
Savannah.. 6,535 ........ 11,725 ............. . . . . .
..................
Brunswick . . . . . . ........ ....... ..............
100
Charleston
................ 1,932 ......... 6,780
Port Royal 4,973 ..................
.................. .
49
B o s to n .... 5,199 ..................
.....................
Baltimore.
830
200 3,165 ____ _ . . . . . .
Philadelp’ a
292 ...............................................
PortTd.Me.
41 . . . . . . . . . . . . ; . . . . . .........
600 1,590
San Fr an.. . . . . . . ____ _____ ... -........ ....... .
Total.
12,588
80,649
48,366
22,039
18,260
100
8,712
4,973
5,248
4,195
292
41
2,190
Total___103,663 18,905 59,864 7,80111,404 1,376 4,640 207,653
To Japan since September i shipments have been 68,173
bales from Pacific Coast, 7,100 bales from Pensacola and
14,041 bales from New York.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, «fcc.
D rlin ton steamer (Br.), from Galveston for Hamburg,
a
g ,
with 1,540
bales of cotton, was ashore at Marquesas Keys, Jan. 24. The
cotton unloaded to lighten the vessel was again put on board,
675
and she proceeded from Key West, Fla., Jan. 29, for destination.
In settling the salvage for floating her; which was effected out of
court, the,wreckers were allowed $9,000. >
i,- :
H rrow steamer (Bj?.)., from ..Savannah for Bremen, wrecked at
a
,,
2,365 18,866 4,338 23,204 1,557 21,990
2,365
T o t a l.—
Nieuwe Diep, Jan'. 27, has since parted amidships, and is sinking
in the sand, increasing the difficulty in saving the èotton which
840 » 142 ® 982 31,521 7;637 39,158 1,876 26,978| ,;;5 composes her;^argm Dynamite wilP be used iq the! work o f
T otal 1896-7
,
J' k “ recove^g^e.^pttoj.f^:.'., ,^ / .,.y
<$
q
kl&l «Btiilisb
. Jt ; ,
J
____ ______Isl^iyi^^cotbo*iîSh^pp^ç,tq
•
fo ité ìg n p ^ sg ó M Vïâ N w '¥ ör^ fd fi’ soiñbsmairamoÜhts via¡ ^■j^pfeto.»;: fr ig id «
ä
Boston and Baltimore. Instead of including this cotton fq$
rNemiYqtffis tftéi past tweefe (havq bee»
THE
F ebruary 5, 1888.J
Satur.
Mon.
Tues.
Liverpool,asked.d.
301
%
H avre...............
309321 30932
Brem en............ .d.
351
351
H am burg......... .d.
301
30i
Amsterdam___ -.C. S2%1
32%
Reval, v. Hamb.d.
48 1
481
Do v. Hull.. .d.
42t
42i
Rotterdam ....... .d. 32%1
321
G enoa............... .d.
40t
401
Trieste............... .d. i364'®7£3
1864
Antwerp........... .d.
%
%
Ghent,v.Antw’p.d.
53J
®82
t Cents net per 100 lbs.
Wednes. Thurs.
%
%
Fri.
%
%
309321 309321 309321 309321
351
351
351
351
301
301
301
301
32%t
32%1
32 % l
321
481
481
4S+
81
421
421
421
421
321
321
321
32t
401
401
401
401
1S64
1S64
1S61
18ei
%
562
%
®82
%
“ 32
%
BS2
L iverpool .—By cable from Liverpool we have the follow
ing statement of the week’s sales, stocks, «fee., at that port.
Jan. 14. Jan. 21.
Jan. 28.
Feb. 4.
62,000
67.000
57.000
65.000
900
3.000
1,000
2,600
4,400
1,500
800
1,400
63.000
55.000
52.000
60.000
5,000
6.000
8,000
10,000
86.000
74.000
75.000
75,000
967.000 1,008.000 1,014,000 1,050,000
852.000 885.000 890.000 928.000
90.000 121.000
148.000 121.000
134.000 105.000
74.000 113.000
292.000 292.000 337.000 299.000
290.000 290.000 335.000 297.000
Sales o f the week.......... bales.
Of which exporters to o k ...
Of which speculators took.
Sa es Am erican.......................
Aotua export..........................
Forwarded................................
Total stock—Estimated..........
Of which American—
Estm’d
Total import of the week. .. .
Of which American.............
Amount afloat..........................
Of which American.............
The tone of the Liverpool market for spots and futures
each day of the week ending Feb. 4 and the daily closing
prices of spot cotton, have been as follows.
Spot.
Sat’day. Monday. Tuesday. Wed'day. Thursday Friday.
Market, \ Moderate Moderate In buyers'
1:45 P. M. ij demand. demand.
favor.
Mid. Upl’ds.
Sales............
Spec. & exp.
3%a
7,000
500
3%a
8,000
500
Futures.
Quiet at
Market, ? 1-81 < 2-64 Quiet at
A
1:45 p. m .\ decline. partially
1-61 dec.
Market, Ì
4. P. M. )
33m
10,000
500
Firm.
Steady.
38,6
12,000
500
12,000
500
38ie
Fair
business
doing.
3%2
10,000
1,000
Quiet.
Quiet at
partially
1-64 dec.
Quiet.
Steady.
Steady.
Quiet.
Steady.
Quiet but
steady.
this development had little influence in the day’s market.
To day there was a fairly active market, and prices
showed an advance of % @ % c. on moderate buying, stimu
lated by stronger foreign advices and a continued good de
mand for export. The spot market has been active during
the latter part of the week, as exporters were buyers. The'
export sales reported to-day were 150,000 bushels, including
No. 1 hard Manitoba at $1 07^ @ 1 07% f. o. b. afloat.
DAILY CLOSING- PRICES OP NO. 2 RED WINTER WHEAT.
Sat.
.. . e.
February delivery........ 0 .
March delivery.............c.. 105%
.. .0
May delivery..................c. 98%
July delivery................. c. 90%
Mon. Tues.
Wed.
103% 103*4 101%
102% 102% 102
96%
97
96%
89%
89%
89%
Thurs. Fri.
100%
101*4 101%
96*4
95%
88%
88%
There has been only a small speculation in the market for In
dian corn futures, and the course of prices has been downward
under liquidation by longs, which early in the week was
prompted by freer offerings from the country, and subse
quently the large Government crop estimate had a weakening
influence. A t the lower prices exporters were free buyers,
particularly at the outports. To-day the market was steadier
with wheat. The spot market has been fairly active. The»sales to-day for export here and at outports were 17,0000
bushels, including No. 2 mixed at 36%c, f. o, b. afloat and
old No. white and yellow at 38c. f. o. b. afloat.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Sat.
February delivery.. ; . . . e ...........
May delivery............. ...o . 34%
July delivery............ ...0 . 35*4
Mon.
...
33%
34%
Tues.
34
33%
—
Wed.
34%
33%
34%
Thurs.
34%
33%
3 i%
Fri.
34
34%
Oats for future delivery have been dull. Early in the
week prices weakened slightly in sympathy with the decline
in values of wheat and corn, and an increased movement of
the crop also had a depressing influence. During the latter
part of the week, however, on limited buying, stimulated by
fair export purchases, the market held steady. To-day the
market was firm and higher. Exporters have been fair
buyers in the spot market, their purchases to-day amountingto 50,000 bushels heavy white clipped at 32%c. f. o. b. afloat
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Sat.
Mon.
February delivery........ c..........................
May delivery................ o. 28%
28%
Tues.
28%
28%
Wed.
.....
28*«
Thurs. Fri*
................ .
28%
29
Rye and barley have been in limited supply and price»
have been firmly maintained.
The following are closing quotations:
FLOUR.
Quiet.
Quiet.
The prices of futures at Liverpool for each day are given
below. Prioes are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
f F 1 The prices are given in pence and 64ths. Thus: 3 63 means
3 63-64<f., and 4 01 means 4 1-64d.
S a t.'
Jan. 29 to
Feb. 4.
12%
Id on .
T u es.
1
1:45
4
1 45
4
d,
3 09
3 09
3 09
3 10
3 10
3 11
3 12
3 13
3 13
3 14
3 14
d.
3 08
1 08
3 08
3 09
3 10
3 11
3 12
3 12
3 13
3 13
314
d.
3 08
3 08
3 08
3 0»
3 10
3 11
3 11
3 12
3 13
3 13
3 14
d.
3 08
3 08
3 08
3 09
3 10
3 11
3 12
3 13
3 13
3 14
3 14
d.
3 09
3 09
3 09
3 10
3 11
3 12
3 13
3 13
3 14
3 15
3 15
W ed.
1:45
4
T h u rs,
1:45
4
F ri
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
February...
Feb.-Meh....
Moh.-April..
April-May...
M ay-June...
June-July...
J u ly-A u g...
Aug.-Sept...
Sept.-Odt....
O c t -N o v ....
N ov-.D eo...
Deo.-Jan___
297
C H R O N I LE.
d.
3 09
3 09
3 09
3 10
3 10
3 11
3 12
3 13
3 13
3 14
3 14
d.
d. ' d.
d.
3 09 3 09 3 09 3 09
3 09 3 09 3 10 3 09
3 10 3 09 3 10 3 10
3 10 3 10 3 10 3 10
3 11 3 10 3 11 3 11
3 12 3 11 3 12 3 12
3 13 3 12 3 13 3 IS
i 14 3 13 3 13 3 13
3 14 3 13 3 14 3 14
3 15 3 14 3 14 3 14
3 15 3 14 3 15 3 15
tf.
tf.
3 10 3 10
3 10 3 10
3 10 3 10
3 11 3 11
3 11 3 12
3 12 3 12
3 13 3 13
3 14 3 14
3 14 3 14
3 15 3 15
3 15 3 15
F in e ..................
00 9 3 10
Patent, Winter...... $4 90 ®5 15
Superfine.......... . . . . 3 20 9 3 30
City mills, extras . 5 40 9 5 50Extra, No. 2 . . .
50 9 3 70
Rye flour, superfine 2 60 ®3 25
Extra, No. 1 . . . . . . . 3 40 9 4 00
Buckwheat flour... 1 2 0 9 1 3 0 .
Clears............... . ... 4 10 9 4 30
Corn meal—
Straights.......... . . . . 4 35 9 5 00
Western, etc........ 2 10 9 2 15
Patent, Spring. . . . . 4 90 9 5 75
I
_
Brandyw ine. . . .
2 20
[Wheatflour in sacks sells at prioes below those for barrels.}
GRAIN.
Wheat—
o.
o.
Com, per bush—
o.
c.
Hard Duluth, No. 1.107 3«® 109*4
Western mixed.......... ,84 9 3 7 %
Red Winter, No. 2.. 106%® 108%
No. 2 mixed.............. .34%®37%.
Hard Man., No. 1..105% ® 107*4
Western Yellow.........35% »3 8
Northern, No. 2 ...1 0 3 9 105%
Western W h ite .......¿3 5 9 3 8
Oats—Mix'd, per bsh. 29 ® 31
R yeW h ite..................... 30 ® 33
Western, per bush ...56% ® 57%
No. 2 mixed............ 29%® 30%
State and Jersey........ 52 9 5 6
No. 2 white__ . . . . . 30%® 31% Barley—W estern.........¿41 9 5 3
F eeding. . . . . . . . . . . ..,3 6 938% -
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from the figures of the
New York Produce Exohange. The reoeipts at Western lake
and river ports for the week ending Jan. 29, and since Aug.
1, for each of the last three years, have been as follows:
Receipts at—
B R E A D S T U F F S.
.Flow .
Wheat, j Com.
Oats.
Barley.
Bye. >
Bbls.190 lbs Bush.ñO lbs Bush.bdlbs Bush.SZlbs Bush.i&lbs Bw.66 lbs
Chicago........
41,238
181,600 1,234,745 I,333,8<i0
348,828
33,150
M ilw aukee..
84,700
131,300
43,550
174,000
26,400
200,800
F r i d a y , February 4,1898.
A moderate volume of business has been transacted in the Minneapolis4,258 1,111,120]
82,340
195,040
market for wheat flour. Owing to a reaction in the grain T oled o..........
339,677
1,678
30,884
79,120
5,700
values, mills have shown more of a disposition to meet buyers, D e tro it........
40,91l|
32,480
36,039
33,921
13,838
49,897
211.256
and although the latter in a number of instances have low C levelan d...
161,544
104,530
20,240
468,455
190,233
71,250
6,600
ered their bids, a moderate number of sales have been made St. L ouis . . . .
9,100
4,800
157,500
116,200
58,700
3,$00
at the prices previously named by them. The demand came P eoria ..........
Kansas City.
153,500
262,500
92,000
principally from the home trade, exporters as a rule having
Tot.w k.’08.
166,909 2,006,128 2,890,621
shown indifferent interest. Rye flour has been in fair de
2,515,345
739,485
96,798
146,271 1,248,021 3,123,239 2,636,117
775,403
mand, and has sold at full values. Buckwheat flour has had a Same wk.’97.
163,968
Same wk.’96.
140,705 2,611,212 2,500,323 2,531,448 1,007,889
75,084
moderate jobbing sale at steady prices. Corn meal has been
moderately active, and prices nave been advanced 10c. per Since Aug. 1.
1897-98... ...
5,710,108 158,156,437 131,188,778 106,956,164 25,695.149 7,372,231
bbl.
1806-97..........
6,842,623
There ha3 been a moderately active speculation in the mar 1866-96.......... 6.634,323 114,832,002 86.044,035 99,306,678 27,423,029 5,249,474
142.472,1071 67,253,323 79,710,826 26,810,973 2i443,754*
ket for wheat futures, but there has been an easier turn to
The receipts of flour and grain at the seaboard ports for the
values. The weakness was more pronounced early in the
week, prices on Monday showing a loss of 2)^@3c. under week ended Jan. 29, 1898, follows:
Flour, Wlieatt
Rye,
Oats,
Chm,
realizing sales by longs prompted by quiet and easier foreign
Bariev.
Receipts at—
bbU.
bash.
bush.
bush.
bush.
bush.
advices, a falling off in the export demand and bearish S ew York..........
121,109
180,860 640,975 300,600 128,700
78,000
Boston...............
137,100
20.978
1,800 . 5,443
154,509
100,127
weekly statistics. Tuesday, however, there was a partial M on treal..........
19,700
9,620
12,260
128,900
10,470'
recovery in prices on moderate buying, stimulated by the P hiladelphia.. .
50,971
447,264
701,081
20,800
85,427
ore........
370,800
69,806
4Oo,0t)3
15,078
931.364
201,343
small stocks held in the Liverpool market and a stronger B altimond........
Richm
11,142
S.8u2
5,183
25,870
turn to foreign advices. Wednesday, however, the market New Orleans*..
10,077
126,606
167,906
672.018
Newport News.
62,o0o 1,187,000
79,000
9,600
192,000
again turned easier, prices for the day showing a loss N orfolk........... .
.1,878
....
603,330
or K @ l% c . under realizing sales by longs.
Foreign advices Galveston
6,800
4,050.
flTAOd T lfl&HO ■
156,746
Portland, Me ..
9,029 120,901
59,4r0
16,810'
were stronger, but they apparently had but little influence. St. John, N. B ..
82,333
2.238
. . . . ...
41,839
8,750'Thursday prices further declined % @ % c . under moderate
182,688
selling, largely to liquidate accounts, prompted by easier — T o U lw e e k ........ 393,497 1,245,734 4,928,826 2,402031 114,132 327.822.
Week 1897................ 322,320 284,999 3 380,750 81 >,038
169,818
foreign advices and a full movement of the crop in the North* Receipts
q t include «rain passing through New Orleans fo r foreign
- west. There was an improvement in the export demand, but ports ea th rod o .n hills o f lading.
agh
'
THE
298
C H R O N IC L E
Total receipts at ports from Jan. 1 to Jan. 29 compare as
¡follows for four years:
1898.
1,545,161
1897.
1,239,339
1896.
1,210,045
1895.
1,004,882
W h e a t.................. ..bush. 5.497,002
16,4 2.682
•dorn.................... ... “
10,120,803
Oats ........ .......... .. “
•
•
704,141
•Barley...................
1,425,005
B y e ............. ..........,. “
1.705.189
14,509,317
3,808,078
5 >3,507
454,130
1,113,046
7,7 »4,545
2,800.145
4<'7,601
21,879
1,073,781
1.857.481
2,290,351
393,970
31,408
Receipts of—
f l o u r ........................b bls
“
34,154,233
T otal grain ...
c iu u u /a u u i u uuo o o id i«
jluo
otou v»
.-
r “ * v” —
------
«ending Jan. 23, 1898, are shown in the annexed statement
Barley
Peas,
B ye,
flo u r,
C t*.
M
Wheat,
Com ,
bush.
bush.
hush
484,478
210,968
Turn>
»
199.651
hush.
Exports from — hush.
New York .. .. 614,803 480,887
B u tn n . ......... 116.932 306,026
59,400
.Portland . . . . 129,991
Philadelphia.. 179,370 63V314
Baltimore. ... 424,618 901,184
New Orleans.. 184,000 472,046
N orfolk..........................
693,839
Newp’rt New» 53,000 1,187,000
•St. John, N. B ...........
41,«39
ô â lv e s t o n .... 245.400 209,343
hbls.
121,848
56,338
9.023
60.0 *3
75, 51
15.427
1,878
79.000
2,232
0,729
192,000
9,000
8,750
,24.886
T otalw T l...1,977,144 4,990,278
-Sam e tim e'97. 888,573 8,195,832
427.H3S 2,002,093
297,491 924,001
817,106
47.717
49,055
156,7»«
468,213
407,875
55
' 16.810
305,521
287,428
82,333
5,231
'iV,700
110,456
19,905
180,381
209,040
121,011
The destination of these exports for the week and since
•September 1,1897, is as below.
-W heat.-------- .
Week
Since Sept,
Week Since Sept.
Week Since Sept.
Exports for
1. 1897,
Jan. 29.
Jan. 29. 1, 1897.
feeek and since Jan. 29. 1,1897.
bush.
bush.
bush
bush.
bbls;
Sept. 1 to—
bbls.
980,512 34,640,463 2.706,703 25,321,952
United Kingdom 863,354 4,706.734
960,366 28,313,001 2,180,086 37,5 J9.985
682,455
C ontin ent...........
10.559
94,540
2.815
856.8«4
487,196
- S A C . A m erica.. 2 5,037
703,812
23,589
1,376
475,924
W est Indies..
19.728
221,110
10,100
800
1*8,897
Brit. N. A . Col’s.
6,817
175,707
6,383
407,315
30,266
109,895
Other countries..
2,313
T ota l . . . . . . . . . . 427,838
_____
T otal 1890-7.. ... 297,491
6 491.100 1 977,144 04,481,378 4,990,278 74,087.106
5,911,089
888,573 29.930,182 8,195,832 04,397,28g
The visible supply of grain, comprising the stocks in
.¡granary at the principal points of accumulation at lake and
seaboard ports, Jan. 29,1898, was as follows:
I n store at—
N ew Y ork .............
Do
a floa t...
A lb a n y ..................
‘B u ffa lo ..................
Do
afloat..
Wheat.
bush.
2,877,000
25,000
1.273.000,
659.000
Chicago .... ......
9.850.000
Duluth......
2,2Ï0,00Ô
Do
a flo a t..
M ilw a u k ee........
Do
a flo a t..
1.416.000
129.000
Do
a flo a t..
215,600
T oled o ..................
Do
a flo a t .......
’D e t r o i t .....................
83,000
Do
afloat..........
............
Oswego. . . . . . . . . .
1,045,000
<8t L o u i s ........
68,000
Do
afloat.
6,000
Cincinnati..........
359.000
B oston...............
54.000
Toronto............
110.000
M o n t r e a l .. ... ..........
„„„„„
P h ila d elp h ia ............. 479.000
P eoria. .. ................
4,000
•Indianapolis...............
*7,000
Kansas C it y ............ . 915,000
B a ltim o r e .................
975,000
Minneapolis.................lSUcS'ooo
<On Mississippi H irer. 116,000
O n L a kes...................
.1........
O n canal and r l r e r ... ............
T otal Jan. 89.1898 80.602,000
Total Jan. 2 2 ,18V8 37.163,000
Total Jan. SO, 1897 49 501,000
Total Peb. 1,1896 66,731,000
T o t a l Feb. 2,1895 83,376.000
Corn,
bush
3.405.000
170.000
80,000
2.765.000
Oats
bush
4,240,000
436.000
60,000
142.000
Rye.
hush.
1,106,000
42,000
Barley
bush.
340,006
327.000
6,000
703.000
15,460.000
6.071.000
123 oOO
448.000
1.978.000
1,213,000
232,000
97,000
50.000
84.000
621000
89,009
27.000
i.7 3 2 ,6 6 6
1 .Ï3 7 ,'6 6 6
7 2 7 ,6 0 0
7 8 5 1 ,0 6 6
391660
"2I7,660
" 2 066
V
' 19,606
13,000
143.000
53,000
25,090
8,000
'4*4,'o
‘66
911.000
14.000
592.000
801.000
80.000
30.000
34.000
431,000
3,422,000
"Î2.06Ô
77.00C
' 4 1 ,6 6 6
25,000
31,00»
” 3,000
35,000
"7,000'
8,459.'»no
43,000
1.031.000
'61.606
761.000
7p9,000
40,000
642.000
1.209.000
1.253.000
126.000
goods are still in fair demand. Business in overcoatings has
been quiet at firm prices and cloakings have shown no special
feature. Flannels and blankets firm but quiet. Dress goods
are in steady demand and prices well upheld.
D om estic C otton G o o d s .— The exports of cotton goods
from this port for the week ending Jan. 31 were 2,961'
packages, valued at $109,755, their destination being to the
points specified in the tables below :
6.017,817
12.978.100
20.980,227
[V o u LX Vl,
065.000
93.000
60.000
2*2.660
297.000
198.000
55,000
46,000
8.840.000
4 003,000
3.825.000
1.520.000
404,000
3,028,040
3.101.OCO
3,4^8,000
2,790,010
1,796,000
1898.
N ew Y ork
to
502
256
100
50
1,850
168
527
51
7,029
3,489
2,150
3,575
1,399
324
476
5,118
634
36
34
5,815
558
1,122
94
329
24
2,799
71
345
534
15,594
562
2,557
1,067
1,742
201
796
8,511
339
2,961
100
24,772
100
11,026
4,900
32,248
7,950
24,872
Total................................. 3,061
* From New England mill points direct.
15,926
40,198
34
1
Arabia.....................................
A fr ic a ....................................
West Indies............................
M exico............................... .
Central America....................
South America.....................
Other Countries.......... ........
Total.................................
China, via Vancouver*___
Im p o r ta tio n s a n d W a r e h o u s e W ith d r a w a ls o f D ry G o o d s
The importations and warehouse withdrawals of dry goods
at this port for the week ending Feb. 3, 1898, and since
January 1, 1898, and for the corresponding periods of last
year are as follow s:
g
g
g
ft
g
g
M g
«to 2 p SS-O 3
p*st §.8 w ?tog .
^P
riH: §■&»
Bi*
P
p
B §1 3 ’
§ S
*
Ï f f
li I I
N e w Y o r k , F r i d a y , P. M „ Feb. 4,1898.
tOC M C M
O O
09 0 < l O.tO
m©
< 0 <|©©^^S
10
tOM
M 0 09*-*
Ul 0
00 M
M
OO
tO09
M tO 0901 Ol
OC9 09ÿ*»O
l
<1 < 1 0 0901
MCO O H * to
to 0 0 9 COCO
tO09
Ui©
M O tO <109
09 © toomoooo
O
09 tO 09 W M 00 C
OlM MC009O1C9
©M ^
M 00 ©09 C
O
<|4h©tOM
to 09 to com
00C 00o C
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144
The value of the New York exports for the year to date
has been $896,406 in 1898 against $ 1,264,930 in 1897.
Sales of heavy-weight sheetings and drills, sheetings par
ticularly, have again been on a fairly liberal scale for export.
Stocks which have been available at decidedly low prices are
well cleaned up and there is less irregularity than of late.
In light-weights in both coarse and fine yarn makes home
buyers have operated with a fair amount of freedom and
prices rule generally steady. Sales of bleached cottons have
been moderate in volume, but the market is steady through
out. Wide sheetings are dull at previous prices. Cotton
flannels and blankets in moderate re-order request. Sales of
denims have been restricted in volume at previous prices, and
other coarse colored cottons rule quiet and unaltered. Kidfinished cambrics are firmer with more business doing.
Staple prints steady but dull and a moderate demand reported
for fancy calicoes and wide specialties. Dress ginghams are
generally well sold and firm. Staples quiet and unchanged.
Print cloths have been firm all week on the basis of 2 3-16c.
for extras, with good,sales.
F o r e ig n D r y G o o d s . —A moderate business has been re
ported in woolen dress goods for fall at firm prices, but in
men’s-wear woolens orders are light. Silks are firm, with a
moderate demand. Linens firm but quiet. Ribbons, laces
and hosiery and underwear also quiet at unchanged prices. 1
DRY GOODS TRADE.
Making due allowance for the fact that a very heavy snow
storm has interfered with business this week, the results
secured must be considered, on the whole, quite satisfactory,
sales in the aggregate from first hands reaching a fair total.
•Continued buying for export has contributed to this result
in heavy brown goods, and since the beginning of the year a
very considerable quantity of both sheetings and drills have
been sold to go abroad. As a result stocks are in better shape
than for some months past, and sellers are feeling better.
In lighter goods the situation has improved also, and the
market generally for cotton goods shows an improving
undertone as the result from relief of lately oppressive stocks.
"The firmer print cloth situation is also a supporting influence.
Reports from the Western distributing centres are encourag
ing, a steady business being in progress. The Southern de
mand is generally quiet. There have been no new develop
ments in the industrial situation during the week. The
woolen goods business continues satisfactory in volume, and
prices are well maintained.
W o o l e n G o o d s . — There have been a number of the finest
grades of men’s-wear woolen and worsted fabrics for fall
opened during the past week, and they show generally a ma
terial advance in prices Overi those ruling last heavy-weight
season. This has not cheeked the demand to an appreciable
extent! Agents generally reported quite encouraging results
so far In the medium and low-grade goods business has
*been quieter than of late* niost bayers having placed
primary orders, but still sales have reached a fair tpt.alri\vitn.
prices * well maintained. Cotton-warp and cotton-mixed
Week. Since Jan. 1.
Great Britain.......................
Other European....................
ä
THE
1897.
Week. Since Jan. 1.
J an . 31.
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THE
F ebruary 5, 1888.]
S tate
aw
®
C it y
C H R O N IC L R
D epartm ent.
T E R M S O F S U B S C R IP T IO N .
T h e Investors ’ Supplement w ill be furnished urithout
.ex tra charge to every annual subscriber o f the Commercial
a n d F inancial Chronicle .
The State and City Supplement will also be furnished
without extra charge to every subscriber of the Chronicle .
The Street R a ilw a y Supplement will likewise be fur
bished without extra charge to every subscriber of the
Chronicle.
The Quotation Supplement, issued monthly, will also be
umished without extra charge to every subscriber of the
Chronicle .
TERMS for the Chronicle with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
__________
Terms o f Advertising—fP er inch space.)
Transient matter (1 tim e).. $3 50 I Three Months (13 tim es)..$25 00
s t a n d in g b u s in e s s c a r d s .
I Six months
(26 tim es).. 43 00
T t o months (8 times).......... 18 00 1Twelve Months 152 times).. 58 00
M U N IC IPAL BOND
SALES I N
JA N U A R Y .
After the great activity in the municipal bond mar
ket in December, there was somewhat of a lull in January, due in part to the absence of such very large
offerings as distinguished December.
The total
amount of the municipal bonds marketed in January
was but little over 8 millions of dollars, not includ
ing $2,350,447 temporary loans reported. This total
{$8>145?,453) compares with $10,405,776 for January
1897. In December the sales reached $17,855,473.
The number of municipalities issuing bonds has also
decreased to a marked degree, there being but 96 mu
nicipalities, (emitting 318 issues), a3 against 154 emit
ting 194 issues for December 1897.
The comparatively small amount of new bonds
placed before a market notably short of desirable mu
nicipal securities has resulted in most aggressive
bidding between intending purchasers. As a conse
quence municipalities have rarely, if ever, received
higher prices for their bonds than at present. G-reat
disappointment was felt by many over the postpone
ment of the sale of the $3,230,000 New Y ork State
canal bonds and over the failure of the Philadelphia
Common Council to pass the $11,200,000 loan bill.
The former, however, is again advertised, and the sale
will take place this month, while the Common Coun
cil in the latter case has decided to reconsider its
299
Jan u ary B ond
sales.
Pane.
1 4 8 ..
Location.
Pate.
Maturity.
Amount.
Price.
Alameda County (Cal.)
Fruitvale Sell. D lst.. 5
1901-1918
$15,000 102*247
Jan. 15, 1921
9,000 100
1 9 3 ..
Albany, G a...... .. 6
Dec. 1.1907
1 9 8 ..
Ashland, K y........ 6
6,000 109*25
148.. Athens County, Ohio.. 5
1899-1908
100,000 100-335
3 0 1 ..
Baltimore, M d.... 3*3
1940
21,000 106*25
1945
301 ..Baltimore, M d............. 3*2
100,000 100*00
50,' 00 113-61
1 9 9 ..
Binghamton, ,N- Y -- 4 1923 1927
2 5 0 ..
Bowling Green, Ohio.. 5 1908-1917
10,000 111*235
199..
Bristol County, Mass.. Jan. 18,1902
4
100,000 102*60
9 8 ..
Castleton (N.Y.) Union
1899 1921
23,000 108*912
Free Seh. Hist. No. 3. 6
25,000 105*52
3 0 1 ..
Chicago Junction, O .. 6 1901-1925
70,000 100
199.. Cincinnati, Ohio . . . . . . 3 ^
Apr. 1. 1928
400,000 114*27
9 8 ..
Cleveland, O h io .___ 4
1899-1908
8,000 100
1 9 9 ..
Clinton, K y ..............
3 0 1 ..
College P^int, O hio... 5
1918
1,500 111*083
1899-1903
301. .College Point, Ohio... 6
1,811 109
2 5 0 ..
Cuffey’s Cove (Cal.)
1899-1903
4,000 103*50
School District.......... 8
199..
Dayton (Ohio) School
Jan. 15,1910
27,000 103*797
District...................... 4
1898-1900
7,550 101*0095
2 5 0 ..
Dedham, Mass.... 4
276,000 100-208
1 99..
Dickinson Co., Kan... . 5
1903
12,000 100
1 9 9 .. Dracut, Mass............... 3*55
100,000 100-125
200..
East Orange, N. J .’. . . . 4 ^ 1899
20,000 (100
2 0 0 ..
East Orange, N. J .... 5
( 102
15,000 112*20
149..
Elmwood Place, Ohio. Jan. 4,1923
5
1 4 9 ..
Elmwood Place, Ohio. 6 1898-1907
717 107*999
1898-1907
10,000 101*41
3 0 2 ..
Fairmont, Minn. 5
149..
Fitchburg, Mass. (3 is
27,000 100
sues).................................
9,000 101*154
1908
2 5 1 ..
Fitzgerald, G a.... 6
3,200 106*616
251.. Frankfort, Ohio............ 6
1899-1910
21,000 104*25
3 0 2 ..
Franklin, K y ....... 5
1899-1918
9,000 101*27
2 00..
Freedom, P a ....... 5
July 1,1938
300,000 105
149.. Gravesend, N .Y .......... 4
1190^-1928
5,500 100*25
1 4 9 ..
Haniman, Tenn. 6
1908
25,000 10502
9 9 ..
Haverhill, Mass....... 4
1938
92,000 102
3 0 2 ..
Hill County, T ex a s.... 5
1917-1918
10,000 109*58
2 0 0 ..
Hudson. N .Y ...... 4
Jan. 15,1901
4,900 105*45
251.. Huron County, Ohio... 6
2 5 1 ..
1.onton (Ohio) School
1908-1912
10,000 110*1375
D istrict..................... 5
25,000 100*392
20 0 ..
Kansas City, Kan..... 5 U908-1913
2 0 0 ..
La Salle County (111.)
28,000 100*368
1898-1907
Township No. 3 3 .... 4 ^
1899-1902
2,000 100-10
149..
Le Mars, I o w a ........................... 5
10,000 102-665
9 9 ..
L ock p ort,N .Y .. . . . . . . . 4
1898-1908
1H.000 101-25
25 1 ..
Marion County, Miss.'. 7 1899-1902
1 49..
Massachusetts.... 3*2 Jan. 1,1938 2,000,000 113*176
500,000 110136
149.. Massachusetts............. 3*2 Jan. 1,1923
125,000 100
25 1 ..
Mason, M o ....... . 4
100,000 109*089
Jan. 1,1918
149.. Medford, Mass............. 4
20,000 110*93»
1928
1 4 9 ..
Methuen, Mass.... 4
Apr. 1.1928
600,000 100
3 0 2 ..
Montgomery, Ala...... 4*a
4,959 109
14 9 ..
Mount Healthy, Ohio.. 6 1899-1908
1899-1908
1,859 109*27
251. .Mount Healthy, Ohio.. 6
20,000 107*49
2 0 0 ..
New Britain, Conn_ 4 Aug. 1,1925
2,300 100
1918
2 0 1 ..
Newport, K y ....... 5
Deo. 1,1937
50,000 113*39
9 9 ..
Newton, Mass.. 4
1899-1908
3,307 109*51
2 52..
Norwood, Ohio... 6
10,000 104*97
100..
0.taw a Co., O h io ...... 5 1898-1907
14,000 105
10 0 ..
Perth Amboy, N. J _ 5
1903
1908
2,900 107
10 0 ..
Perth Amboy, N. J . . . . 5
1899-1909
963,000;( 100
2 5 2 ..
Pittsburg, P a...... 3 ^
( 101*905
12,605 104*65
201..
Pleasant Ridge, Ohio.. 5 1898-1907
19,033 104*28
1899-1908
303.. Pleasant Ridge, Ohio.. 5
35,000 103*67
1918
202.. Rah way, N. J ............... 4 1
«
95,000 101*052
U910-1928
1 5 0 ..
Riley County. K a n .... 5
2 0 2 ..
5..Charles (111.) School
15,000 104*27 !
1899-1913
District No. 5 .......... . 5
7,000 100
U903-1913
202.. St. Cloud, Minn............ 5
252..
5.. Joseph (Mo.) School
100,000 101*255
U903-1918
D istrict..................... 4
2 0 2 ..
5 .nta Clara Co. (Cal.)
12,000 107*792
Gilroy School D ist... 6
8,800 109*46
1899-1908
1 0 1 ..
5 .elb y Co., Ohio. 6
16,000 105T2
2 5 2 ..
50.derton, P a . . . . . . . . . 4U899-1922
9,000 100
1900-1908
303.. Sparta, Mich................. 6
300,000 100
2 02..
5.okane, Wash......... ..................
5*2
1918
1 5 0 ..
5.ringfield, Ohio (9 is
3,926 105*73
1899-1903
sues) ............................ 6
2 0 3 ..
Waltham, Mass...........................
4 3,000 109-51
1918
3,000 105*51
1908
2 0 3 ..
Waltham, M ass........ 4
1908
4 1,000 105*51
2 0 3 ..
Waltham, Mass...........................
1908
2 0 3 ..
Waltham, Mass......... ..................
4 1,000 105*27
100,000 107*317
2 5 4 ..
Westfield, M ass........ 4 1898-1927
15,000 101*11
1899-1915
2 5 4 ..
Wilkinsburg, P a. 4
Apr.
100,000 106056
2 0 3 ..
Worcester, Mass....... ..................1,1906
4
60,000 101*896
2 5 4 ..
Y o n k e r s ,N .Y .....A ... Feb. 1,1901
4
1899-1900
99,000 ]i 100*64
254..
Y onkers,N .Y ..... 4
»101*26
15,000 104*26
2 5 4 ..
Youngstown, O h io.... 5 1899-1903
previous vote.
The principal sale of the month was that of the
Massachusetts loans, amounting to $2,500,000, which
were awarded to E. H . Rollins & Sons, Boston, on a
2*94 per cent basis. Other loans of interest were the
Montgomery, A la., $600,000 4£ per cent water loan,
^old to Sperry, Jones & Co., Baltimore, at par; $400,Total (70 municipalities, covering 92
000 4 per cent 30-year Cleveland loan, awarded to the
separate issues)........................................... $7,457,867
Illinois Trust & Savings Bank, and Mason, Lewis &
Aggregate of sales for which no price has
been reported (26 municipalities, covering
C o., Chicago, bidding jointly, at 114’27; $693,000 3£
26 separate issues).........................................
687,586
per cent Pittsburg loan, awarded to Earson, Leach &
__- Total bond sales for January, 1898.......... i$8,145,453
* Average f dates of
to
after the
C o., New Y ork , at 101’905, and $300,000 5£ per cent earlier year oand maturematurity, r SubjectJNoteall in and$2,350,447
in the later year.
includin g
Spokane, W ash., loan, sold to Morris & Whitehead, of temporary loans reported and which do not belong in the list. ,
In the C hr o n icle of January 8, 1898, page 95, a
Portland, at par. It deserves to be noted, too, that
list of December bond sales amounting to $17,825,473
Augusta, a Southern city, was able to sell bonds
will be found. Since the publication of that state
bearing only 3£ per cent interest.
In the following table we give the price* which were ment we have received the following additional reports:
A d d it io n a l D e c e m b e r B o n d Sa l e s .
paid for January loans to the amount of $7,457,867 Page. Location.
Pate.
Maturity.
U903-1918
issued by 70 municipalities. The aggregate of sale* 148. Cole County, M o ......... 4
200.. Goodhue Co. (Minn.)
School Disc. No. 6 8 .. 5
1902-1917
io r which no price has been reported is '$687,586, and
Amount. Priee.
$25,000 100 50
5,000 102*75
the total bond sales for the month $8,145,453. In'
Total additional sales for D e c e m b e r . . ..$30,000
These additional loans will make the total sale#
tlie case of each loan reference is made to the page of'
the C h r o n i c l e where* a fu ll' account of the sale is {not including temporary loans) as reported, for Dec
ember 1897 amount to $17,855,473.
given.
■ ■-'
300
THE
C H R O N IC L E .
We append the following statement, showing the
bond sales of each month during the last five years,
the amount for December being corrected so as to in
clude the sales above recorded.
TOTAL MUNICIPAL BOND SALES BY MONTHS.
1893,
• 1894.
1895.
1896.
1897.
January................ ..$10,405,776 $6,507,721 $10,332,101 $7.072.267 $5,438,577
5,071,600
5,779,486 11,966,123
4,423,620
February ............. .. 13,676,477
6,994.246
5,030,424
4,915.355
4,219,027
M arch.................... .. 12,483,809
9,176,788
8,469,464 11,599,392
4,521,660
A p ril...................... .. 13,060,323
4,093,969
14,849,410
M ay....................... .. 8,258,927 10,712,538 11,687,766
1,868,935
June....................... 16,385,085 12.792,308 15,907,441 16,359,377
1,691,600
8,253,237
5,313,495 15,374,660
Ju ly....................... .. 17,389,859
2,734,714
7,825,260
8,464,431
4,045,500
A ugu st................. .. 6,449,536
8,886,137
8,249,347
3,693,457 11,423,212
Septem ber.......... .. 9,272,691
8,685,435 11,839,873
6,697,012
4,688,463
O ctober................. .. 6,872,293
7,800,770
4,549,580
6,534,901
N ovem ber........... .. 6,868,776 34,918,894
8,545,804 13,486,874 17,306,864
Decem ber............. .. 17,855,473 10,664,287
Grand to ta l.. .$137,984,004 $106,196,060 $114,021,633 $117,176,225 $77,421,273
Elyria, Ohio.— Permanent Injunction Against the Issu
ance of Water-Works Bonds.— On January 25, 1898, the
State Supreme Court reversed a decision of the Lower Courts
and granted a perpetual injunction restraining the city from
issuing bonds for a water-works system. It is stated that the
case will be appealed.
New Jersey.—News.—-A bill recently introduced in the State
Assembly proposes to give cities authority to issue 25-year
bonds to the amount of $13 per capita for the purpose of
erecting1school buildings.
New York City.— City Stock Issue and Exposition Pro
posed.— A bill has been introduced in the State Legislature
providing for an exhibition of the arts and sciences in 1901 to
commemorate the creation of “ Greater New York.” For the
payment of expenses, «fee., the bill authorizes the City Comp
troller to issue not more than $2,000,000 corporate stock of
the city, to mature in not less than ten years nor more than
thirty years from date of issue. To provide additional funds
the. Board of Exhibition Commissibners may issue scrip
certificates payable from the receipts derived from such exhi
bition after the expenses are paid. Such scrip shall bear in
terest at not exceeding 4%, shall be sold at not less than par,
and shall not exceed $5,000,000.
Pulaski County, 111.— Prospective Bond Litigation— W e
take from the Chicago “ Inter-Ocean” the following dis
patch from Mound City, dated January 26, 1898: “ A massmeeting of the tax-payers of Pnlaski County was held in this
city this afternoon to take steps to investigate the feasibility
of contesting the payment of the bonds issued in aid of the
old Cairo & Vincennes Railroad several years ago. The
bonds with accrued interest now amount to $85,000. A reso
lution was adopted to the effect that a competent lawyer be
employed to investigate the bond question and to report to a
future meeting of the tax-payers. These bonds were decided
void by the United States District Court about two years
ago, but soon after that the personnel of the Court was
changed and a decision was handed down giving the bond
holders a new hearing. On this new hearing the Court de
cided the bonds valid. Now the tax payers must pay the
bonds and interest and fight against them again or effect a
compromise with the bondholders.”
St. Paul, Minn.— Certificates To Be Issued Monthly.— W e
have received the following letter from Mr. J. J. McCardy,
City Comptroller, regarding the issuance of the $1 ,<»85 382
tax certificates recently authorized by the City Council. The
Comptroller’s letter contains items of special interest and we
publish it in full:
“ Office of the City Comptroller, )
“ St . P aul , M inn., Jan. 29, 1898. )
o William B . Dana Co., New York Citu:
1 “ G entlemen—Replying to yours of flhe 27th regarding the
issuance and sale of tax levy certificates of indebtedness of
this city for the year 1898,1 beg to say that none of these
certificates will be offered to buyers outside of the city of St.
Paul. Our own people have made application for much more
than we will issue during the year 1898. It has been the policy
of this city for the past four or five years to interest our own
people in these securities. It has been so successful that the
issue of 1897 was sold here to some four hundred different
buyers. These same people desire to purchase again during
the year 1898, as the certificates of 1897 become due, and we
will give them an opportunity to do so. They are issued
monthly as the needs of the departments may require. The
certificates bear four per cent straight and the average time
is about fifteen months. Formerly these certificates were
made payable at the City Treasurer’s office or. at the financial
agency of the city of St. Paul in New York City. This latter
clause is not now used; we make them payable at the City
Treasurer’s office; consequently, if they do happen to get out
of town, they will come back for payment, thereby saving
exchange expenses, etc. Very truly yours.
“ J. J. McCardy , City Comptroller.”
Local papers state that $150,000 of these certificates have
already been issued in accordance with the above plan.
; South Carolina.—New County Considered,— A bill recently
introduced in the State Legislature provides for the crea
’ tion of Lee County out of portions of Kershaw, Darlington
and Sumter counties,
..
[V ol. L X V I.
Tulare County (C al.) A lta Irrigation District.—Bonds
Invalid.— Judge Gray of the State Superior Court, who re
cently declaredillegal the $545,000 bonds issued by this district,
based his decision on the fact that there was no plan or esti
mate of the cost of any system of irrigation works for the dis
trict made before calling the election to determine whether
or not such bonds should be issued. “ This” Judge Gray
says, “ is contrary to the spirit and intention of the Wright.
Act as held by the Supreme Court of this State.”
Bond Calls and Redemptions.
Council Bluffs (City) Iowa.— Bond Call.—J. A . Gorham,
Treasurer, has called for payment at the National Park Bank,
New York City, the following city improvement bonds issued
March 1, 1885; November 2, 1885, and October 1, 1886:
Nos. 116 to 130, Inclusive, to be paid March 1,1898.
Nos. 131 to 137, inclusive, to be p a il May 3,1898.
Nos. 138 to 141, inclusive, to he paid April 1, l^SS.
Securities are in denominations of $500, running 20 years,,
but subject to call after 10 years. Interest will cease on the
dates named.
The official notice o f this bond call will be found among the
advertisements elsewhere in this Department.
Danville, Ya.—Bonds Redeemed.— W e are advised that the
city has paid $37,800 out of $54,900 North Danville bonds,
which were called in November 1,1897; also $37,500 8% bonds
due January 1, 1898. The city will also pay off about March
1, 1898, $10,000 railroad bonds then due, and anticipates call
ing in $1 ',000 6% North Danville bonds about July 1, 1898.
Denver, Col.—Bond and Warrant Call. —The City Treas
urer, Paul J. Sours, has called for payment February 28,
1898, on which date interest will cease, the following bondsi
and warrants :
Capitol Hill Sanitary Sewer District No. 1, bonds Nos. 139 to 134, both inclusive.
Downing Avenue Sanitary Sewer District No. 4, bonds Nos. 5 t o 6, both in
clusive.
l.arim er Street Paving District No. 1, bonds Nos. 44 to 49. b oth inclusive.
Larimer Street Paving District No. 3, bonds Nos. 134 to 138, both Inclusive.
Nineteenth Street Paving District No. 1, bonds Nos. 61 to 64, both inclusive.
•Nineteenth Street Paving District No. 3, bonds Nos 74 to .8, both inclusive.
North Denver Sanitary Sewer District No. 2, bonds Nos. 94 to 111, b oth inclusive.
South Side Sanitary Sewer District No. 1. bonds Nos. 133 to 137. both inclusive.
Thirteenth Street Sanitary Sewer District refunding warrants Nos. 73 to 78»
both inclusive.
Bonds and warrants are in denominations of $500. Upon
the request of auv holders of the above bonds and warranto
ten days before the above date, the City Treasurer will ar
range for their payment at the Mercantile Trust Co., New
York City.
Dickinson County (P . O. Abilene), Kan.— Bond Call.—
The County Treasurer, C. H. Pattison. has called for pay
ment March 15, 1898, at the Kansas Fiscal Agency in New
York City bonds Nos. 1 to 100, issued December 28, 1887, in.
aid of the Chicago Kansas < Nebraska Railway Co. Securi
fe
ties are in denominations of $1,000, and interest will cease
April 2, 1898.
Pierce County (W ash.) School Districts.— Warrant Call,
—Stephen Judson, County Treasurer, called for payment at
his office January 22,1898, on which date interest ceased, the
following warrants:
Warrants
Gallea.
3 ...... ...N o . 132 to 207,.
28..
8 .......
50
8 .......
8 ...... .. No. 1 to 20..
23....... ...N o . 187
42"
37.......
School
No.
No.
No.
No.
No.
No.
Date of
Issue.
. ...1896
.......1895
.......189«
...... 1896
.......1897
....1897
School
Warrants
District.
Called.
No. 46.......
No. 50...... ...N o . 81
No. 65......
No 67. ...
No. 83......
Date o f
Issue..
........ 1897
.......1897
........ 1897
........ 189ft
Richmond, Ind.—Bonds Redeemed.— City Clerk Joseph H.
Winder has redeemed $3,000 improvement bonds and has
paid $750 on a loan of $30,000 negotiated some time ago.
St. Joseph (Mo.) School District.— Bond Call.— A resolu
tion recently passed by the School Board calls for payment
March 1, 1898 (on which date interest will cease), the $105,000»
5# renewal funding bonds issued March T, 1890. Principal
and interest will be payable at the National Bank of Com
merce, New York City.
Washington.— Warrant Call.—Notice has been given that
State warrants Nos. 20,421 to 21,155, inclusive, on the general
fund, and Nos. 3,032 to 2,155, inclusive, on the military fund,
will be paid on presentation at the State Treasurer's Office,
and will not draw interest after February 8. The amount of
the call on the general fund is $73,464 66; on the military
fund, $13,138 79.
_____
Bond Proposals and Negotiations
t h i*
week have been as follows:
Alexandria County, Va.—Bonds Proposed.— The State
Legislature is considering a bill providing for the issuance of
bonds for a court house, «fee., at Fort Myer Heights.
Amherst County, Ya.— Bonds Authorized.— The State L eg-islature has authorized the issuance of bonds for repairing
and macadamizing roads and for the refunding of the county
debt.
Athens (T illage), Ohio.—Bond Offering.— Proposals will
be received until 12 m . February 14, 1898, by W . B. Golden,
Village Clerk, for $3,000 6# Union Street improvemeat bonds».
Securities are in denominations of $150, dated December 27,.
1697« Interest will be payable March 1 and September 1 , and'
the principal will mature one bond semi-annually, beginning
September 1,1898. Both principal and interest will be pay
able at the First National Banky Athens, or at the Importers*
and Traders’ National Bank, New York City.
F ebrüarv 5, 1898.]
THE
C H R O N IC L E .
Augusta, Ga —Bond Sale— The Augusta ‘ ‘Chronicle.” on
January 27,1898, stated that $80,000 of the $100,000 3 ^ g re
demption bonds have been sold by the Finance Committee
through Col. Thomas Barrett. Attention is also called to
the fact that this is a very low rate of interest for a Southern
city. It certainly indicates high credit.?
Baltimore, Md.— Bonds Proposed.—The City Council has
•under consideration “ an ordinance requesting the Legisla
ture to authorize the people to vote at the next election on
the question of issuing $1,875,000 of V /^ 50-year stock to take
up $875,000 of Western Maryland Railroad third mortgage
bonds guaranteed by the city and falling due January 1, 1900,
and also $l.000,< 00 of city stock loaned to the railroad com
pany in 1872, which matures January 1,1902.”
Bond Sales.— On January 13,1898, the city sold $21,000
public-improvement bonds, loan of 1940, at 106*25. On Jan
uary 14, 1898, $100,000 of the four million
1945 loan, was
taken by the Commissioners of Finance for the sinking funds
at par.
Bay St. Louis, Miss.—Bonds Proposed.—A bill is being
considered by the State Legislature authorizing the issuance
of $40,000 bonds for water works, electric lights, «fee.
Beverly, Mass .— Temporary Loan.—The “ Boston News
Bureau” reports that Blake Bros. & Go., Boston, were re
cently awarded a $50,000 note issued in anticipation of the
collection of taxes. Following are the bids:
Discount. I
Discount.
Blake Bros. & Co., Bos. (prem.$l).2*70# Rogers,N ew m an& Tolxnan,B os...2'75%
Eagerly & Crocker. B oston ....
2'72% I Adams & Co., Boston...................... 2’82%
E. 8. Moseley & Co.,Bos.(prem. $2) .2'7i% I Blodget, Merritt & Co., B o sto n ... .2'8i%
¡Bond & Goodwin. B oston
2*74% I Curtis & M otley, B oston ................ 2'8i%
Note matures November 1, 1898.
Blackhawk County, Io w a —Bond Election.— Local press
reports state that the county will probably vote next June on
the question of issuing $100,000 court-house and jail bonds.
Bloomfield, N. J.—Bonds Proposed.— A sub-committee
appointed at a meeting of the citizens of Bloomfield to invest
igate ;the question of issuing bonds for public improvements
has reported in favor of issuing $75,000 bonds for macada
mizing streets and $25,000 bonds for the erection of a munic
ipal building. It is stated that another meeting of the citi
zens will be held February 11, 1898.
Boston, Mass.— Loan Authorized— The Board of Aidermen recently concurred with the Common Council authoriz
in g a loan of $500,000 for sewerage purpdses.
Bonds Proposed.—The City Council was under considera
tion an ordinance providing for the issuance of $20,000 3V0
bonds for the widening of Boston Street. If 'Jauthorized the
securities will mature 20 years from date of issue and inter
est will be payable January 1 and July 1.
Loan Defeated.— On January 27, 1898, the Board of Aidermen passed a loan order for $224,000, the proceeds to be used
for work on Blue Hill and other avenues, Essex and Lincoln
streets, Stony Brook, new lunatic hospital and . Allston and
Gold street bridges, but the order was defeated in the Com
mon Council.
Loans Authorized by Board o f Alderman.—The Board of
.Alderman has passed loan orders calling for $60,000 for the
Board of Street Commissioners and $50,000 for the Commis
sioner of Wires Department.
Bond Bills.— A bill has been introduced in the State Leg
islature authorizing the issuance of $1,200,000 80-year park
bonds, but not more than $400,000 to be issued in any one
;year; also a bill authorizing the issuance of school bonds.
A third bill was introduced enabling the city of Boston to
borrow $500,000 outside of the debt limit for the purpose of
asphalting the streets.
Bristol, B . I.—Loan Authorized.—A t a special town meet
ing held January 31, 1898, a loan cf $2,000 was authorized for
a public wharf.
Buffalo, N. Y.—Bond Issues.—Conrad Diehl, the Mayor, in
.a recent message to the Board of Aldermen, stated that he
had already approved $43,447 0-5 “ deficiency” bonds during the
month of January and an additional appropriation for $84,418 03 to be met by a “ deficiency” bond was awaiting his
signature. The Mayor in conclusion said that he would here^after refuse to give his consent to temporary loans except in
emergency cases passed upon by the Mayor, Comptroller and
the Treasurer in advance of contracts executed, so as to make
-the action in accord with the spirit and the letter of Section
73 of the city charter.
Bonds Authorized by Board o f Aldermen.— On January 24,
1898, the Board of Aldermen adopted a report of the Com
mittee on Finance recommending the issuance of $300,000
.school bonds.
Bonds Proposed.—A bill recently introduced in the State
•Senate provides for the issuance of $500,000 bonds for im
provements to the water-works system of Buffalo.
. Cedar Falls, Iowa.—Bond News.—N . W . Harris & Co.,
Chicago, were the successful bidders for the $28,500 4# bonds
which we stated last week had been sold. The bonds mature
as follows : $5,000 in 10 years, $10,000 in 15 years and $13,500
in 20 years, The purchaser received a commission of $175. jj
y Cedar Rapids (Iowa) School District.—Bond Election.—
The question of r* funding $73,001) bonds of this district will
be decided at the March election, according; to local reports!.
Charlotte^ Mich.—Bond Blectipn ITiKier Discit^ion.—The
Question; of. calling an election to Vote on the proposition tp
issue bonds f<?r an.electriq-light pl^h];
under discqssion bj?
,, ,ebme of the.p ^ ^ s S h | - d m e a t e d A y o e t A ^ h
jiT
Chicago
..Sale.—On January 27, 1898, the'$25,000^8% water-works bonds
301
were awarded to the Citizens’ Savings & Loan Co., Mans
field, at 105*52. Following are the bids:
Premium.
Prem ium .
Citizens’ Saving & Loan C o ...$1,380 00 Dietz, Denison & Prior, C lev e...$271 60
Rudolph Kleybolte & Co., Cin. 1,290 60 W . J. Hayes & Sons, Cleveland. 167 80
New First Nat. Bank, Columb’s. 100 00
Mansfield Savings Bank.......... 1.200 00
Bonds mature $1,000 yearly, beginning February 1,1901.
Cincinnati, Ohio.—Bond Sales.— On January 5, 1898, the
Sinking Fund Trustees accepted street improvement 4# bonds
to the amount of $5,680 82.
Bond News.— W e are advised by H. P. Boyden, City Audi
tor, that the $400,000 Spring Grove Aveoue bonds, of which
$70,000 were recently taken by the Sinking Fund Trustees,
bear 3
interest. Mr. Boyden says that as the Sinking Fund
Trustees will probably be able to take other amounts of this
loan as thejmoney may be needed, it does not seem probable
now that any of the bonds will be offered to the public.
Bonds Proposed.— On January 31,1898, the Board of Legis
lation passed a resolution providing for a bill to be presented
to the Legislature authorizing the issuance of $75,000 bonds
for the purpose of creating a condemnation fund to be used
in opening, widening and extending streets.
Clayton County, Ga.—Bond Election.—An election will be
held March 2, 1898, to vote on the question of issuing $16,000
5% court-house bonds. Securities, if issued, will mature as
follows: $4,000 in five years, $4,000 in ten years, $4,000 in fif
teen years and $4,000 in twenty years. Interest will be pay
able annually.
Clifton Heights (Borough), Pa .—Bond Election.—The
election to vote on the question of issuing $17,500 bonds will
be held February 15, 1898. Bonds, if authorized, will bear
6# interest apd $12,500 will be for a town hall and lock-up and
$5,000 for street improvements. In the Chronicle last week
we stated that the election was to be held at Clifton. This
was an error. The election is to be held at Clifton Heights,
as above.
Coahoma County, Miss.—Bonds Proposed.— A bill to au
thorize the issuance of bonds to fund court-house bonds has
been introduced in the State Legislature.
College H ill (T illag e) Ohio.—Bond Sale.— On January
31,1898, the $1,811 01 6% sidewalk assessment bonds and the
$1,500 5% general sidewalk bonds were awarded to S. Kuhn&
Sons, Cincinnati, at 109 and 111*083 respectively. Following
are the bids:
$1.811 01
Bunds.
S. Kuhn & Sons, C in cin n a ti...................... ............................$1,974 00
Geo. Eustis & Co., Cincinnati................................. ................. 1,964 96
Edw. C. Jones Co., Cincinnati........................................... .
1,964 51
C. M. Thurnauer, Cincinnati.................................... ; .............. 1,956 00
S. A . Kean, Chicago........................................ .......... ............... 1,936 08
W. B. Stier..................... ............................................................ 1,869 96
$1,500
Bonds.
$1,666 25
1,660 60
1,664 60
1,05150
1.608 75
1648 75
The assessment bonds mature $191 01 one year from date of
issue and $180 yearly thereafter, and the general sidewalk
bonds are straight 20-year bonds. For further description of
bonds see Chronicle January 8,1898, p. 98.
Columbus, Miss.—Bonds Authorized.— The Legislature has
authorized the issuance of $70,000 water-works and sewerage
bonds.
Columbus (Ohio) School District.—Bond Offering.— Pro
posals will be received until 12 m. February 23, 1898, by the
Board of Educational. A . Williams, Clerk, for $33,000 4% 20year school bonds. Securities are in denominations of $1,000,
dated March 1, 1898. Interest will be payable March 1 and
September 1, both principal and interest being payable at the
National Park Bank, New York City. Securities are issued
pursuant with Section 8994 Revised Statutes of Ohio. A cer
tified check for $1,000, drawn on a local bank and payable to
the Board of Education, must accompany bids.
Coquille City, Ore.— Loan Authorized.— On January 18,
1898, at a district school meeting, the Board of Trustees was
authorized to issue $6,000 district notes for the building of a
school house. A tax of $1,509 will be levied each year until
notes are paid in full.
Danville, Ya.—Bonds Proposed.— The city proposes to is
sue March 1, 1898, $100,000 4% or
30-year bonds to pay
temporary loans incurred in taking up old high-rate bonds.
Under the head of “ Bond Calls,” we enumerate the issues and
the amounts of the old bonds called or redeemed.
Deer Lodge County, Mont.—Bonds Voted.—A t lhe elec
tion held January 25, 1898, the issuance of $100,000 bonds for
a court house was authorized by a vote of three to one. W e
are advised that the details of the issue will be decided at the
next regular meeting of the Board of Commissioners in
March, but that the board may decide upon the date of sale
at a special meeting to be held February 3,1898.
Durand, Mich.—Bond Sale.—The village recently sold at
private sale to the First State & Savings Bank of Flushing
$1,500 6# electric light bonds due September 18, 1899.
East Chester, Westchester County, N. Y.—Bond Offering.
—Proposals will be received until 8 p. M February 7, 1898,
.
by Herbert D. Lent, Supervisor, for $83,200 4% highway im
provement bonds. Securities are issued pursuant with Chap
ter 686 Laws of 1892. Eighty-three bonds are in denomina
tions of $1,000 each and one of $200, and are dated February
1, 1898; interest will be payable semi-annually, both princi
pal and interest being payable at the People’s Bank of Mount
Vernon, Principal will mature $10,000 yearly, on j February
1, 1918 to] 4925, and $3,200) February 1, 1926. A .certified
check for $800, payable to the Supervisor of the, town, must
issue $30,000 5% 12-34-year Watei>worksippnfls*j51
4
bonds and the date of Sale have-not yet Deen determined upon,
302
THE
C H R O N IC L E
Excelsior Springs, Mo.— Bond Offering.—Proposals will
be received until February 10, 1898, by C. H. Coppinger, City
Clerk, for $12,' 00 5# bonds. Securities are issued pursuant
with Section 385, Acts of 1897, and authorized by a vote of
the people November 30, 1897. Interest will be payable semi
annually. Bonds are dated March 1,1898, and mature twenty
years from date of issue, subject to call after five years.
Judgments outstanding against the city, $ 9 / 00: floating debt
is $4,500. The assessed valuation is $308,000, about one-third
actual value. Population estimated at 3,500.
Fairmont, Minn.—Bond Sole.— On January 15, 1898, the
$10,000 5# bonds were awarded to Farson, Leach & Co., Chi
cago, at 101 ‘41. Bonds mature $1,00 ) yearly beginning August
1,1898. For further description of bonds see Chronicle Jan
uary 15, 1898, p. 149.
Franklin, Ky.— Bond Sale.— On Janu ry 28, 1898, the
$21,000 5# water-works bonds were awarded to Rudolph
Kleybolte < Co., Cincinnati, at 104*25. Following are the
fe
bids:
Rudolph K leyholte & Co., C in ....104-25 I N. W . Harris & Co., Chicago...... 100*00
Seasongood & Mayer, Cincmnati.101'02 MoBIwain Meguiar Banking Co.,
S. A . Kean, Chicago .....................100*50 I Franklin, K y ............................... 100*00
[ vol.
l x
\ i,
in a t io n s o f $1,000 a n d m a t u r e $2,000 y e a r ly . I n t e r e s t w i l l b e
p a y a b le F e b r u a r y a n d A u g u s t a t t h e M a r k e t N a t io n a l B a n k
B oston .
,
L u r a y , Y a .—Bonds Proposed .— A b i l l h a s b e e n in t r o d u c e d
in t h e S ta te L e g is la t u r e a u t h o r iz in g t h e t o w n C o u n c il t o
r e f u n d it s p r e s e n t b o n d e d in d e b t e d n e s s .
M a r i n C o u n t y ( C a l . ) F a i r f a x S c h o o l D i s t r i c t .— Bond
Offering . — P r o p o s a ls w i l l b e r e c e iv e d u n t il 1 p . m . F e b r u a r y
14, 1898, b y T h o m a s J . F a llo n , C o u n t y T r e a s u r e r , S a n R a f a e l,
C a l., f o r $2 ,700 6# s c h o o l - b u i l d i n g b o n d s . S e c u r it ie s a r e in
d e n o m in a t io n s o f $5 40, d a t e d J a n u a r y 3, 1898. I n t e r e s t w ill
b e p a y a b le a n n u a lly a n d t h e p r in c ip a l w i l l m a t u r e $540
y e a r ly o n J a n u a r y 3 f r o m 1904 t o 1908, in c lu s iv e . B o t h p r i n
c ip a l a n d in t e r e s t w i l l be p a y a b le a t t h e C o u n t y T r e a s u r e r ’so ffic e . A c e r t ifie d c h e c k , p a y a b le t o t h e C o u n t y T r e a s u r e r ,
f o r 10# o f t h e a m o u n t o f t h e b id , m u s t a c c o m p a n y p r o p o s a ls !
B o n d s w i l l b e s o ld t o t h e h ig h e s t b id d e r f o r c a s h in U n ite d .
S ta te s g o l d c o in .
M a r i o n C o u n t y , W . V a .— Bond E lection .—A n e le c t io n w i l l
b e h e ld M a r c h 1 2 ,1 8 9 8 , t o v o t e o n t h e q u e s t io n o f is s u in g
$10 ',000 b o n d s f o r t h e b u ild in g o f a n e w c o u r t h o u s e .
M a r t i n , T e n n .— Bond E lection .— A n e le c t io n w i l l b e h e ld
in t h is c i t y t o v o t e o n a n o r d in a n c e p a s s e d b y t h e L e g is la t u r e
p r o v i d i n g f o r t h e is s u a n c e o f $3 5,00'» 6# 2 0 -y e a r b o n d s . I t is
s t a t e d t h a t t h e lo a n h a s b e e n c o n d i t i o n a l l y s o ld t o F . R . F u l
t o n & C o ., P o r t a g e , W i s . , a t a p r e m iu m o f $1,000.
M c K in n e y , T e x a s .—Bonds A uthorized .— O n J a n u a r y 29,
1898, t h e C it y C o u n c il p a s s e d a n o r d in a n c e p r o v id in g f o r t h e
is s u a n c e o f $30,000 w a t e r - w o r k s b o n d s .
M e m p h is , T e n n .— Bonds Proposed .— B ills b e f o r e t h e S ta teL e g is la t u r e p r o v id e f o r t h e is s u a n c e o f $2,000,000 b o n d s t o
p u r c h a s e a n d e x t e n d t h e w a t e r - w o r k s s y s t e m a n d $500,0 00
b on d s t o e x te n d th e s e w e r sy stem .
M e r i d i a n , M is s .— Bonds Proposed . — A b i l l h a s b e e n i n t r o
d u c e d in t h e S t a t e L e g is la t u r e a u t h o r iz in g t h e is s u a n c e 6f
$20.000 p a v in g b o n d s .
M i d d l e t o w n , O h io .— B onds A u th orized .— A n o r d in a n c e r e
c e n t ly p a s s e d b y t h e C i t y C o u n c i l a u t h o r iz e d t h e is s u a n c e o f
$124 22 5# 1 -1 0 -y ea r s t r e e t -im p r o v e m e n t b o n d s .
M i l w a u k e e , W i s .—Bonds P roposed .— T h e B o a r d o f A id e r m e n h a s u n d e r c o n s id e r a t io n a n o r d in a n c e p r o v id in g f o r t h e
is s u a n c e o f $140,000 s t r e e t -im p r o v e m e n t b o n d s .
M o n t g o m e r y , A l a .—Bond Sale.— O n J a n u a r y 28, 1898, t h e
C it y C o u n c il s o ld t o S p e r r y , J o n e s & C o ., B a lt im o r e , a t p a r ,
$600,000
w a t e r - w o r k s b o n d s . S e c u r it ie s a r e in d e n o m i
n a tio n s o f $1 .000, d a t e d A p r i l 1, 1898, I n t e r e s t w i l l b e p a y
a b le A p r i l 1 a n d O c t o b e r 1 a t t h e A m e r ic a n E x c h a n g e N a
t io n a l B a n k , N e w Y o r k C it y .
P r in c ip a l m a t u r e s A p r i l 1,
1928. I n a d d it io n t o t h e b o n d s b e in g a d ir e c t o b lig a t io n o f
t h e c i t y t h e y w i l l b e s e c u r e d b y a fir s t m o r t g a g e u p o n t h e e x
t e n s iv e s y s t e m o f w a t e r - w o r k s t o b e a c q u ir e d b y t h e c i t y a n d
a ll a d d it io n s t h e r e t o .
M o u n t K i s c o , N . Y .— B id s .- F o l l o w i n g a r e t h e b id s r e
c e iv e d F e b r u a r y 1 ,1 8 9 8 , f o r t h e $2 5,0' 0 b o n d s :
For a i% Bond.
I
For a i% Bend.
Benwell & Everitt, New York__ 106*09 Walter Stanton & Co.. Ne w York. 104*46Farson, Leach & Co., New York..106*00 I W. J. Hayes & Son?, Cleveland...!04*22*
Whann & Schlesinger. N. Y ____ 105*87 I E. Richards & Co., New York. . 103*25
Street. Wykes & Co., New York.. 105*84 Longstreet. Stedman & Co., Bost.l03*i7
Seasongood & Mayer, Cincinnati.105*72 I Underhill & Co., New York........ 102*76
R. B. Smith & Co., New York...... 105*371Wilson & Stephens, New York... 101*03
E. H. Gay &Co.. New Y o r k ....... 105*27
At other rates of interest.
Edw. C. Jones Co., New York
105*06 |Bertron& Storrs, 3*6056 bond .. .100*50
I. W. Sherrill, Poughkeepsie......104*97 i Rudolph Kleybolte & Co., 3*6556
C. H. White «• o./New York__ 104*90 | bond................. ......................100*03
Geo. M. Hahn, New York............104*79 I Seymour Bros. & Co., 3*7056 bond.l00*10
L. W. Morrison, New York.........104*57 The Lamprecht Bros. Co., 3*7556
Dan’l A.Moran & Co., New York. 1 4*52 1 bon d.................. ............ ........101*83
<
Bonds mature $1,0C0 yearly, from 1899 to 1909, and $10,000
at the pleasure of the city after* 1910. For further descrip
tion of bonds see Chronicle January 8,1898, p. 98.
Galion (Ohio) School District.—Bonds Proposed.—A bill
has been introduced in the State Legislature authorizing
the Board of Education to issue $15,0u0 school-house bonds.
Glastonbury, Conn.— Bond Offering.—Proposals will be
received until 2 p. m . February 16, 1898, by O. R. Morgan,
Town Treasurer, for $ll 0,000 4# 19)^-y ear (average) funding
bonds.
Hempstead (N. Y .) Union Free School District No. 14.—
Bill to Legalize Bond Issue.— A bill has passed the State
Legislature legalizing the raising of $ 1 0 ,( 00 by the issuance
of bonds of this district. These bonds were awarded last
December to Isaac W . Sherrill, Poughkeepsie.
H ill County, Texas.— Bond Sale.— On January 28, 1898,
the Commissioners’ Court sold J. B. Oldham of Dallas $92,000 5% 40-year refunding court-house and jail bonds at 102.
Indianapolis, Ind.—No New Park Bonds.—In the C hron
icle January 22,1898, we stated that a report was current
that the city had decided to issue $2 0 i>,000 bonds for the com
pletion of the park system. Mr. E. M. Johnson, City Comp
troller, in reply to our inquiry, says that no bonds have been
authorized nor are any now considered.
Jàcksboro (Texas) School District.—Bond Sale.— The
district has sold $7,5' 0 5# bonds.
Jackson County, Kan.—Bonds Considered.—The Board of
County Commissioners recently accepted the proposition of
Kelly & Noble, Topeka, to refund the $ic 0,000 6 # ^railroadaid tionds with a like amount of 5J^# 2 0 -year bonds. This
action, it is stated, has met with considerable opposition from
those who claim that the rate of interest was too high, and
thé board is reconsidering the question. There is a proba
bility, however, that they will agree on a 5#' bond maturing
in 8 u years, but subject to call after 20 years.
Jasper County, I n d . - Bond Sa7
e.— On February 1 , 1898,
the $ 3 0 / 0 0 court-house bonds were awarded to N . W .
Harris & Co., Chicago. Interest will be payable semi an
nually and thé principal will mature $10,000 January 1, 1903,
$5,000 January 1, 1905, and $15,Of0 January 1,1920.
Kansas.— ' efundin g Outstanding Bonds o f Various MunicipulitifS.—W e are advised by William Stryker, Secretary
of the School Fund Commissioners,, that the Board has acted
B o n d s a r e in d e n o m in a t io n s o f $1,000 a n d m a t u r e o n e b o n d
favorably upon the propositions to purchase the refunding y e a r ly . P r in c ip a l a n d s e m i-a n n u a l in t e r e s t w i l l b e p a y a b le
bonds of the following municipalities :
a t t h e M o u n t K i s c o N a t io n a l B a n k .
Cherryvale........... $12,f 001 H orton .................... $7,000 I Junction C ity.....$10,000
M o u n t V e r n o n , N . Y .—Bond Sale .— O n F e b r u a r y 1, 1898,.
Goffeyville.............. 11,0001 Parsons........... .,...1 0 000 1
The old bonds bear 6 $ interest, and the School Fund Com t h e $22,000 5# t a x - r e l i e f b o n d s w e r e a w a r d e d o n e - h a lf t o
W h a n n & S c h le s in g e r , N e w Y o r k , a n d o n e - h a lf t o D a n ’ l A .
missioners are taking the refunding bonds bearing 5#.
M o r a n & C o ., b o t
id
g 104*27.
i
t h e b id s :
Landsdale, Pa. - Bond Election.—The Question of issuing Whann & Schlesinger,h bY ..d in104*27 I Street,F o l l o w&n g a r e York.l04*029N.
Wykes Co., New
$20,0 0 0 bonds to purchase the electric-light plant will be Dan’J A. Moran & Co., New York.l04*27 |Farson. Leach & Co., New York.104*
Geo, M. Hahn, New York...........104*19 W. J. Hayes &Sons. Cleveland. 103*67
voted upbn by the citizens of this place.
R. B. Smith &Co., New York
104*18 I E. P. Jones Co., New York........ 103*193
Iiansingburg, N. Y.—Bonds Proposed.—A bill has been Bertron A Storrs, ' ew York,......104*05 >Seymour Bros. & Co., N. Y ........103*77
Benwell A Everitt, New York I, .104*05 C. H. White & Co., New York.. .103*77
introduced in the State Legislature authorizing {the issu Leland, Towle A Co., New York?. .104*04 I
ance of $60,000 water bonds by this village.
B o n d s a re d a t e d F e b r u a r y 1, 1898, a n d m a t u r e F e b r u a r y 1 ,
Lawrence, Mass;— Bonds Proposed.— The Board of Aider- 1901.
men on January 28,1898, voted to concur with the Common
Bond Offering .— A t a m e e t in g o f t h e F i n a n c e C o m m it t e e
Council in an order requesting the Mayor to petition the Gen
h e ld F e b r u a r y 1, 1898, it w a s v o t e d t o r e c e iv e b id s u n t i l F e b
eral Court for permission to issue $75,000 sewer bonds.
r u a r y 21, 1898, f o r $32,000 s c h o o l- t a x r e l i e f b o n d s .
Lexington, Miss.—Bonds Proposed.— A bill introduced
N e o d e s h a , K a n .—Bond News .— T h e $15,000 g a s p la n t b o n d »
in the State Senate provides for the refunding of outstand a n d $15,( 00 w a t e r -w o r k s b o n d s r e c e n t ly v o t e d w i l l b e a r 6#
ing bonds and coupons.
in t e r e s t, p a y a b le a t t h e fiis c a l a g e n c y o f t h e S ta te in N e w
Lincoln, R .T .— Bonds Proposed.—The State Legislature is Y o r k C it y o r a t N e o d e s h a . U n d e r t h e S ta te s t a t u t e s t h e
considering a bill authorizing the town of Lincoln to issue b o n d s c a n b e is s u e d in d e n o m in a t io n s o f f r o m $10 to $200 o n ly .
not more than $125,000 gold bonds.
T h e d a te o f s a le a n d o t h e r d e ta ils w i l l b e d e c id e d a t t h e n e x t
Little Falls, N. Y.—Bonds Proposed.— It is stated that a r e g u la r m e e t in g o f t h e C it y C o u n c il.
proposition providing for the issuance of $65,000 bonds for a
N e w B e d f o r d , M a s s .— Bond Offering .— P r o p o s a ls w i l l h e
school house is under discussion.
r e c e iv e d u n t il 8 p . w . F e b r u a r y 11, 1898, b y C h a s . S. A s h le y ,
Lockport, N. Y.— Bonds Proposed.—A bill has been intro M a y o r , f o r n o t e x c e e d in g $189,000 %%% g o l d m u n ic ip a l b o n d s .
duced in the State Legislature authorizing the issuance of S e c u r it ie s a r e as f o l l o w s :
50,000 electric-light plant bonds,
$92,000 bonds for the construction of school houses and public buildings, ma
turing 20 years from date of issue.
Lowell, Mass.— Temporary Loan.— On February 2, 1898, 62.000 Improvement bonds, maturing in 10 years.
the city negotiated a $100,000 loan with Edgerly & Crocker, 36.000 sewer bonds, maturing 80 years from date of issne.
Boston, at 2 '73# discount and $1. premium. Following are
B o n d s a r e t o b e is s u e d in m u lt ip le s o f $1,000, b e a r in g d a t e
the bids:
M a r c h 1, 1898.
I n t e r e s t w i l l b e p a y a b le F e b r u a r y 1 a n d
Discount. I
Discount.
Edgerly & Crocker ($1 prem .)
2*73j6 W m. O. Gay & Co., B oston.......... .2*87%
Curtis & Motley, B o sto n .............. 2'78% \Rogers, Newman & Tolm an, Bos..2*91%
Loan matures in nine months.
Ludlow, Mass.—Bond Sale.— The town has sold $8,0f0 3
bonds to Estabrook & Co., Boston. Securities are in denom-
A u g u s t 1. A c e r t ifie d c h e c k o n s o m e n a t io n a l b a n k a n d p a y
a b le “ t o t h e o r d e r o f t h e c i t y o f N e w B e d f o r d ” f o r 2# o f t h e
a m o u n t b i d f o r m u s t a c c o m p a n y p r o p o s a ls .
N e w p o r t N e w s , V a .—Bond News .— T h e b o n d s r e c e n t ly a n
t h o r iz e d b y t h e S ta te L e g is la t u r e a r e is s u e d f o r t h e f o l l o w i n g ;
F ebruary 5 1&.8J
THE
C H R O N IC L E .
303
purposes: $75,00") for sewers, $15,000 for jail and $50,000 for
Sacramento County, Cal.—Bond Offering.— Proposals will
schools. Ordinance directing the issuance of the bonds has be received until 2 p. m February 1 2 , 1898, by the Board of
not yet passed Council.
Supervisors, Wm . B Hamilton, Clerk, for $75,0 >0 4% road
North Dakota State Hospital for the Insane, Jamestown, bonds. Securities are in denominations of $1,000, dated Feb
N. D.— Bond Sole.— On February 1, 1898, the $40,0u0 6# .20- ruary 1,189 ■. Interest will be payable annually on January
<
year bonds were awarded to E. D. Shepard & Co., New York, 1 , and the principal will mature 2 ) years from dat9 of issue,
•at 120 25. For description of bonds see Chronicle January subject to call after ten years. Securities are issued under
8, 1898, p. 99.
Section 25, Subdivision 13, County Government Act, 1897.
Olean, N. Y.—Bond Sale.— On February 1, 1898, the village A certified check, cash deposit or bond in an amount equiva
sold at auction to Bertron & Storrs, New York, $17,100 4 # lent to 1 0 # of the aggregate amount of the bid will be re
paving bonds at 102-29. The following: firms were repre quired with each proposal. Bonds are to be sold to the
sented at the sale : Bertron & Storrs, Whann & Schlesinger, highest and best bidder for cash in gold coin.
Seymour Bros. & Co. of New York, Isaac W . Sherrill, Pough
St. Joseph (M o.) School District.— Bond Sale.— A local
keepsie; Joseph E. Gavin, Buffalo. Mail bids were received report of the meeting of the Schocl Board held January 26,
from S. A. Kean, Chicago; W . J. Hayes & Sons, Cleveland, 1898, states that a proposition of the New York Life Insur
and Underhill & Co., New York, but were rejected. Bonds ance Co. to purchase $5,000 school district bonds to take up a
are dated February 1.1898, and mature $1,9 -0 yearly, be like amount outstanding has been accepted.
ginning February 1 , 1899. Interest will be payable February
St. Lonis, Mo.— Bonds Proposed.— Local press reports
1 and August 1 .
state that the city will refund the $593,000 6 # bonds maturing
Omaha, Neb.—Bonds Proposed.— Mayor Mobres, in his June 1, 1893, and the $340,009 6 # Park bonds maturing Aug.
.annual message to the City Councils recommends the fund 1, 1898.
ing of the floating indebtedness with the view to saving from
San Mateo County, Cal.—Rond Election.— The Board of
23*2 to 3 # interest.
Supervisors has decided to call an election to vote on the
Onancock, Ya.— Loan Authorized by State Leqislature.— question of issuing $310,000 bonds for the construction of a
The State Legislature has authorized the town of Onancock boulevard, according <o local reports.
to borrow money.
Scotts Bluff County (P . O. Gearing), Neb — Bonds Not
Osage City, Kan.—Bond Election.—It is stated that the Sold.— W e are advised by C. B. Whipple, County Treasurer,
^question of issuing electric-light plant bonds will be voted that the $1,500 6 # Gearing Precinct bonds have not yet been
upon at the spring election.
sold. An offer of $1,440 has been received for the bonds.
Pascoag, E . I.—News. —The $10,000 loan recently negotiated Securities mature in 1917 but are subject to call after 1907.
by the town bears 4# interest and matures July 13, 1898.
Interest will be payable on January 1 at the State Fiscal
Petersburg, Ya.—Bonds Under Consideration.— The Rich Ageucy iu New York City.
mond “ Dispatch” on February 1 , 1898, stated that the Com
Seward County, Neb. —Bonds Proposed.— The Board of
mon Council had under consideration a “ proposition of the Supervisors has under consideration a resolution authorizing
Upper Appomattox Company to sell to the city 1,500,000 gal the issuance of $50,000 court-house bonds.
lons of water daily, to be takeu at the locks (just west of
Sidney, Ohio.— Bond Election.—A resolution has been
town), together with all the water power at the locks, passed which provides for the submission of the question of
twenty one acres of land adjoining, and the right of way to issuing $41,000 sewer bonds to the people at the next munici
lay pipes, for the sum of $60,000 in 4 ^ bonds of the city, pal election.
with the privilege of taking all additional water needed up
Sparta, Mich.— Bond Sale.— On January 21, 1898, the V il
to 5,000,000 gallons per day, at the rate of $3 per 1,000,0( 0 lage Council awarded to the Spart i Banking Co. $9,000 6 #
gallons per day in excess of 1 500,000 gallons. Embraced in electric light bonds at par. These bonds were offered for
this proposition is the requirement that the city shall with sale October 25, 1897, but were not then awarded, as the
draw its claim against the Upper Appomattox Company for Council decided not to issue them in the proposed form. As
back taxes, and the agreement that the company, commenc sold, bonds are dated October 15, 1897, and are in denom
ing with this year, will pay taxes to the city on the assessed inations of $1,000.
Principal matures as follows: $1,C00
value of its property ($106,750), amounting to$l,708 per year.” in three years from date of issue and $ l, 0 r0 yearly thereafter.
Philadelphia, P a.—Loan Bill To Be Reconsiaered.— On Interest will be payable annually on October 15 at the Chase
February 3, 1898, the Philadelphia Common Council, by a National Bank, New York City.
vote of 104 to 17, reconsidered the vote by which it defeated
Toledo, Ohio.—B >nd News. —A t a meeting of the City
the bill authorizing $ 1 1 ,200,000 loans for various improve Council the resolution recommending that the question of
ments.
Further consideration of the bill has been post issuing $100,000 bonds for a fire tug, etc., was defeated. A t
poned for the present.
the same meeting two resolutions were offered and referred
Pleasant Ridge (T illage) Ohio.— Bond Offering.—Pro to the Committee on Ways and Means, the first requesting
posals will be received until 12 M. February 26, 1898, by J. B. the Mavor to submit to the voters of Toledo a proposition to
Hayden, Clerk, for the following bonds:
issue $5 ),f00 fire-engine-house bonds and the other $100,000
$91*2 50 sidewalk bonds, bearing date o f February 7, 1898, and m aturing on e- binds for better fire protection.
tentn yearly.
Tonawanda, N. Y.— Bonds Defeated.— At the election held
,, («5 °9,sidewalk bonds, dated February 7.18t>8, and maturing, one-ten(h yearly.
.4,500 oO sidewa k b nds o f $500 each, dated February (, 1*98. Principal matures January 29, 1893, the question of issuing $25,000 elec trie-light
one bond in thirteen, one in fourteen and one in fifteen years from
bonds was defeated by a vote of 335 to 64.
date o f issue.
Troy, Ohio.—Explanation.— With reference to the state
Interest will be at 5#, payable semi-annually at the First
ment in last Saturday’s C hronicle that S. Kuhn & Sons,
National Bank, Cincinnati. Bidders will be required to fur
Cincinnati, had refused to take the $18,000
electric-light
nish separate 'bids for each of the above issues, and each pro
bonds because they were to be printed instead of litho
posal must be accompanied by a certified check on a national
graphed, the firm writes us saying that their refusal was not
bank for 5# of the gross amount of bonds for.
based on the grounds mentioned but was founded upon the
Bond Sale — On January 31, 1898, the $19,033 26 5# road- advice of their attorneys.
improvement bonds were awerded to Seasongood & Mayer,
Yicksburg, Miss.— Bonds Proposed.— A petition is being
Cincinnati, at 104'28. Following are the bids:
circulated asking the Legislature to authorize the city to
_
„
Premium. I.
Premium.
issue $69,000 bonds for a new city hall.
: Seas°ngo°(J & Mayer, C in cin... .$-15 00 8. A . Kean, Chicago..................... 102-75
Edw. C. Jones Oo., New York_ 767 50 |
_
Waltham, Mass.— Temporary L oa n — On February 3,1898,
Bonds mature 1 - 1 0 annually. For further description of the city awarded a loan of $50,000 to Longstreet, Stedman &
bonds see Chronicle January 2 2 , 1898, p. 2 0 1.
Co., Boston, at 2*69# discount and 50 cents premium. Fol
Portland, Ore.—Bids.—Following are the bids received lowing are the bids:
January 24, 1898, for $ 5,000 6 # improvement bonds:
'
.
Discount.
whw 3 ¿ r!oni®T ,e ’£elaI
.?
>c
n<i J15-21 I Dietz, Denison & Prior, CleveC. H. W hite & Co. New F o rk ....108-101 land.................. ............I..............]107-50
The bid of W . J. Hayes & Sons was withdrawn. The Ways
and Means Committee! have decided to report the bids to Coun
cils without recommendation, and local papers state that it is
.probable that the bonds will be awarded to Dietz, Denison &
Prior, Cleveland.
Prairie Depot, Ohio.—Bonds Defeated.—On January 2
1898, the question of issuing bonds for a water-works syste
was defeated by six votes. W e are advised that the questii
6 voted upon again at the general spring election.
'
Rich County, Utah.— Bond Issue,—Local papers repo
Ja^yh© State Land Board has decided to purchase $2,000 i
10 -2 0 year bonds of thii county.
Rome (N. Y.) School District No. 1.—Rond Sale.—On Fe
ruary 1, 1898, the $65,00 ) 4# bonds were awarded to Jos. ]
Gavin, Buffalo, at 106-065. Following are the bids:
Jos. E. Gavin, Buffalo................. 106-065 W . J. H ayes & Sons, Cleveland. 104-1
Estabrook & Co., B oston............loe-ol
R. B Smith & Co., New Y o rk ....104-1
Farson. Leach & Co.. N. Y ..........105-55
W hann & Schlesinger, N. Y _ 104-6
_
Oneida.Savings Bank i
Longstreet. Stedman &Co.,Bos.l04"5
R om e Savings Bank i .............105
Geo M. Hahn, New Y ork........... i04"6
Ben well & Everttt. New Y oT k. 105-83 S, A . Kean, Chicago
................104 "5
D 'etz, Denison & Prior. Oleve. ..105-32 C. H . W hite & Co.. New Y o r k ... t04"l
E. H . Gay & Co.,
York
.106-27 Seymour Bios. & Co.. New York. 104-0
Street. W ykes & Co., New York.105-13 L. W. Morrison, New Y ork........ 103"2
Edw. C. Junes Co., New York. ..106-12
Dan’l A . Moran & Co.. N. Y ...... 102-7
W alter Stanton & Co.. N Y _
_ 104-98 Underhill & Co., New Y ork ...... 102-7
.Rudolph Kleybolte & Co., N. Y..104-87 E. H . Rollins & Sons, B o sto n ...102*3
For description of bonds see Chronicle January 22, p. 2(
Longstreet. Stedman & Co., Bos
ton (50c. prem ium )......................2"69i
Blodget, Merritt & Co. ($2 50
prem ium ).......................................2‘ 73%
B ond & Goodwin, B oston ........... 2*74^
H . S. Homer & Co., B o s t o n ..........2-76JC
Blake Bros. & Co., B oston..............2-85%
Watertown, N. Y.—Bond Offering.— Proposals will be re
ceived until 10:30 a m . February 15, 1898, by C. L Parmelee, City Treasurer, for $125,0 0 3%# funding and deficiency
revenue bonds. Priacipal will mature $5,000 February 1 ,
19 0 , and $5,0u0 yearly thereafter. Interest will be payable
in Watertown.
Waukegan, W is.— Bonds Authorized.— The City Council
has passed an ordinance providing for the issuance of not
more than $7,500 5# bonds to take up outstanding indebted
ness. Bonds are to be dated January 2 0 , 1898.
West Hartford, Conn.— Temporary Loan.— The town has
borrowed $6,000 on demand notes from the United States
Bank of Hartford at 4#. Loan was recently authorized on
account of extra expenses in building sewers and other im
provements.
Winchester, Ind. —Bond Election.—A proposition to is
sue bonds for water-works will be put to a vote of the citizens
of Winchester on February 8 , 1898.
Winningham School District, Nottaway County, Ya.—
Bonds Authorized.— The Governor has approved the bill au
thorizing the issuance of a $650 bond for the completion of a
school-house at Crewe.
Youngstown, Ohio.—Bonds Authorized.—On January 24,
1898, the City Council authorized the issuance of $700 5 #
THE
304
C H R O N IC L E .
rvo L .
l x
v i,
Greenwood, S. C.—D. C. DuPree, Mayor ; R. M. Hayes,
bonds for the improvement of Lydia Street. Interest will be
payable April 1 and October 1 and the principal will mature Chairman Board of Public Improvements. This town is in
$200 October 1, 1899; $200 October 1, 1900, and $300 October Abbeville County.
1,1901. On the same date the Council also authorized the
L O A N S—
When Due. Sinking fund....................... $1,000
issuance of $1,000 5%bonds for the improvement of Carroll
Net debt Jan. 1 ,1 8 9 8 ....... 51,000
Court -H ouse & J a il B ondsStreet. Principal will mature $300 October 1, 1899 and 1910, 68, .........$2 2 ,0 0 0 ........................... Assessed valuation 1896..990,000
Assessment about *3 actual value.
W ater B ondsand $400 October 1,1901.
68, ........ ,$40,000.....................1937 Tax rate (per $1,000) 1897.$14’50
Population in 1890 w as........ 1,326
Interest payable in New York.
Bonded debt Jan. 1,1898 $62,000 Population in 1897 (est.)___4,500
STATE AND CITY DEBT CHANGES.
Higginsville, Mo.—A . B. E,
W e subjoin reports as to municipal debts received since Walker, Clerk. This city is ir
the last publication of our S t a t e a n d C i t y S u p p l e m e n t .
LOANS When Due.
E lectric -Light B onds—
Some of these reports are wholly new and others cover items
6 s, gold, $14,000...................... 1913
of information additional to those given in the S u p p l e m e n t
City H all B onds—
5 s ,........ , $9,000......... Jan. 3,1918
and of interest to investors.
(Optional after Jan. 3,1903.)
Avon, Mass.— This town is in Norfolk County
LO ANSAmount. Assessed valuation, per’l. .$65,205
Water debt Jan. 1,1898..$61,500
Town debt.......................... 5,500
Total debt Jan. 1,1898---- 67,000
Assessed valuation, rea l..739,905
Total valuation 1897........805,110
Assessment about 85% actual val.
Population in 1890 w as....... 1,384
Population in 1897 (est.).... 1,640
Bozeman, Mont.—George D. Pease, City Clerk. This city
is in Gallatin County.
LOANSWhen Due. Bonded debt Jan. 1 0 ,’98.. $46,000
Sinkln g fu n d ........ 1,400
Net debt Jan. 10,1898—
44,600
Tax valuation 1897.........2,078,351
Optional after July 1,1898
6 s, M&N, $10,000...... Nov. 1,1908 Assessment about *5 actual value.
Optional after Nov. 1,1898 City tax rate (per $1,000)’97.$12,00
Population in 1890 was........ 2,143
D ump Ground B onds—
Population in 1880 was........ 894
6 s, J&J, $3,000..........July 1,1912
Subject to call after July 1,1902 Population in 1897 about 4,000
School B onds68 , ........ , $ 6,000 .......................1912
Optional after 1907.
IN T E R E S T on 7 s is paid at Boston; on 6 s due July 1,1908 and
1912, at New York, and on 6 s due Nov. 1,1908, at Bozeman.
P ublic B uilding B onds-
68, J&J, $25,000....... July 1,1908
Coos County, N. H.— W . H. Cortin, County Treasurer.
Lancaster is the county seat.
$43,421
Bonded debt Jan. 1,1898.$50,000 Net debt Jan. 1 ,1 89 8 ..
Floating d/'bt............. ....... 10,904 Assessed valuation ’ 97.11,265,239
Population in 1890 w as___23,211
Total debt Jan. 1 ,1 8 9 8 .... 60,904
Sinking fund....................... 17,483
NEW
LO AN S.
$ 3 , 3 3 0 , 0 0 0
Sinking fund.......................
$550
Net debt Jan. 5,1898 . . . . . 23,950
Assessed valuation, real ..310,332
As-essed valuation, per’l..152,115
Assessed valuation 1897.-462,447
Assessment about 25 actual value.
Bonded debt Jan. 5 ,1898.. $23,000 City & sob. tax (per M.) ’97-$12,50
Population in 1890 was........2,342
Floating debt.............. 1 /0 0
Population in 1897 (est.)
4,000
Total debt Jan: 5,1898- 24,500
Norton County, Kan.— Norton is the county seat.
Bonded debt Jan. 1, ’98.. $64,000 I Assessment about ^ actual value.
Assessed valuation, real.1.812,478 |Tax rate (per $1,000) 1897
Assessed valuation, per’l 290,715
(State and county)............$13-10
Total valuation 1897___2,103,193 |Population in 1890 w as___ 10,617
Perry County, P a.—H. C. Gault, Treasurer.
field is the county seat.
N e w Bloom -
Bonded debt Jan. 1,1898 $131,153 Total valuation 1897. $8,694,935
Assessment about actual value.
Assets. &o........................ . 31,721
Net debt Jan. 1,1898—
99,432 State and county tax (per
$1,000) 1S97........................ $9-00
Assessed valuation, real.7,915,974
Assessed valuation, per’l 778,961 Population in 1890 was.......26,276
Pueblo County (C ol.) School District No. 2 0 .— Charles
E. Saxton, District Treasurer.
LO A N S —
When Due. Assessed valuation ’97.$4,977,783
Assessment ^ actual value.
R efunding B onds—
4 ^ 8 , ........ . $138,000............. 1917 School tax (per $ 1 ,000) ’97.$10*00
Population in 1897 (e st.)...30,000(Subject to call after 1907.)
Bonded debt Deo. 1, ’ 97..$168,000
Punxsutawney, Pa.— T. M. Kurtz, Burgess: J. R. Lowry,
Secretary. This borough is in Jefferson County.
N E W L O A N S.
$ 1 0 0 , 0 0 0
S T A T E o f NEW YORK City of Char leston, S. C.
3 PER C E N T BO N DS.
Lehman, Mayor; Thomas A .
Lafayette County.
4 K PER C E N T BO N DS.
NEW
LO AN S.
B O N D CALL.
COUNCIL BLUFFS, IOWA.
C IT Y T R E A S U R E R ’ S NOTICE.
T o the present owners and holders o f the fo llo w Sealed bids will be received by th e undersigned Bonds, notice is hereby given : That the follow ing
Comptroller’s Office,
Bureau of Canal A ffairs ,
S until 12 o ’clock M., Saturday, February 19th, 1898, City Im nrovement Bonds, issued March 1st, 1885,
A lbany , January 22,1898. J
fo r One H undred Thousand ($ 1 0 0 ,6 0 0 ) D ol N ovem ber 2d, 1885, October 1st, 1888, numbering
Pursuant to the provisions o f Chapter 79 o f Laws l a r s or any part thereof, o f new City o f Charleston from 116 to 141, inclusive, denom ination $500, run
s
• f 1895, proposals will be received at this office until bonds, hearing interest at the rate o f 4M per cent ning 20 years or optional any time a fter 10 years.
per annum, payable semi-annually on the 1st
Friday, the 18th day o f February, 1898, at 12 o ’clock
Bonds numbering from 116 to 130, inclusive, will b e
A pril and on the 1st October, in each year. $90,000 paid March 1st, 1898.
noon o f that day fo r a loan o f
to be delivered April 1st, 1898, and $10,000 to he de
Bonds numbering 131 to 137, inclusive, will be paid
Three M illion T w o Hundred and T hirty livered October 1st, 1898.
May 2d, 1898.
Thousand Dollars
The bonds are each o f the denomination o f Five
Bonds numbering 138 to 141, inclusive, will be paid
Hundred Dollars and will run fo r thirty years from April 1st, 1898, by presenting the same to the
fo r which transferable certificates o f stock, regNational Park Bank, New York City.
date o f issue.
ered.
The right to reject any or all bids or parts o f bids
And that the interest will cease on same at the
is reserved.
date named.
P rincipal and Interest payable in Gold.
Bids should be forw arded to
Council bluffs . I owa , January 28th, 1898,
will be issued in the name o f the People o f the State
J. O. L E A ,
J. A . GORHAM,
o f New York, on the credit o f the Sinking Fund es
City Treasurer,
City Treasurer.
tablished by said act, bearing interest at the rate of
Charleston, S. C.
three per centum, per annum, payable semi-annually
on the first day o f January and July, and the princi
pal reimbursable on the first day o f January, 1918.
H IG H - G R A D E
These bonds are exem pt from taxation
DETROIT RAILW AY 00.
pursuant to Chapter 80, Laws o f 1897.
Proposals may be fo r the whole o r any part o f the
DE TR O IT, MICH.,
loan not less than $1,000, and such proposals must be
(CITIZEN S’ T R A C T IO N CO.)
accom panied by a certified check fo r one per cent o f
First Mortgage 5# Gold Bonds
th e amount o f the bonds bid for.
Paym ents fo r the loan will be required to be made D ated Novem ber 1, 1 8 9 5 . D ue D ecem ber
on the acceptance o f the proposal by deposit in the
1, 1 9 2 4 . Interest payable June and
D ecem ber. Principal and Interest
Bank o f the Manhattan Co. in the City o f New York
payable in gold m New Y o rk .
to the credit o f “ Treasurer o f the State o f New
D enom ination $ 1 ,0 0 0 . Cou
pon or R egistered.
York, on account o f Canal Fund ” o f the amount o f
th e award, together with premium and accrued in
Net earnings 1897 (C iti
terest from January 1,1898.
zens’ Traction Co.) - * $727,208 61
The Comptroller reserve? the right to reject all
bids which are not in his opinion advantageous to Interest on all mortgages 511,000 00
th e interests o f the State.
- - . . . .
$ 2 1 6 ,2 0 8 6 1
Interest on the loan from the first day o f January, Surplus
1898, will be payable at the Bank o f the Manhattan
PRICE TO NET 5*10$.
Co. in the City o f New York.
A ll proposals must be sealed and endorsed “ Doan
Special Circular on Application.
fo r Canal Improvements,” and directed to the Comp
troller o f the State o f New York, Albany, N. Y.
JAM ES A . ROBERTS,
Comptroller.
BANKERS,
• State, Municipal, County, School
BONDS.
Legal investments fo r Savings Banks in New York
and all New England.
Rudolph Kleybolte & Oo.,
B A N K E R S ,
3 5 and 3 7 Nassau Street, New Y o rk .
Cincinnati, O bio.
L IS T S M A IL E D UPON A P P L IC A T IO N -
ADAMS & COM PANY,
BANKERS.
C. H. W H IT E & CO.,
31 NASSAU ST ., NEW Y O R K .
William E. Nichols,
15 W A L L ST R E E T,
-
NEW Y O R K .
M U N IC IP A L W A R R A N T S ,
v-
'
send
for
l is t s .
D E A LER S IN
I N V E S T M E N T BONDS,
Members o f Boston Stock Exchange.
W ARRAN TS.
Carefully selected, High-grade State, County, City
and Public School issues, maturing in 6 to 24 m onths
and earning 5 to 8 per cent our specialty.
R O B T . E. S T R A H O R N & CO.,
quitable Building,
Boston, M ass.
No. 7 Congress and 81 State Streets,
BOSTON^
THR
■F
ebruary 5, 18S8.]
LOANS—
When Due. Total debt Jan. 1,1898 .. $28,334
Sinking fund....................
1,094
P aving B onds —
27,240
4s, J&J, $8,000.........Jan. 1,1927 Net debt Jan. 1 ,1 8 9 8 ...
Assessed valuation, real. 1,316,419
(Optional after Jan. 1,1905.
4s, P&A, $5,000....... Aug. 1,1927 Assessed valuation, per’l 104,745
Total valuation 1897___1,421,164
‘ (Optional after Aug. 1,1905.)
Assessment about 23 actual value.
Refunding Bonds—
Tax rate (per $1,000) 1897.$16-75
4s, J&J, $14,000.......Jan. 1,1928
Population in 1890 w as........2,792
(Optional after Jan. 1,1903.)
Bonded debt Jan. 1,1898 .$27,000 Population in 1898 (est.)__ 4,200
Floating debt..................... 1,334
VALUE o f city property, $8,940.
INTEREST on paving bonds payable at Borough Treasurer’s office,
and on the refunding bonds at the First National Bank, Punxsutawney.
¡Rapid City, S. D.—E. L. Hurlbert, Auditor.
situated in Pennington County.
305
C H R O N IC L E
This city is
When Due. Total debt Sept. 1,1897.. $174,035
Tax valuation, real........ 707,312
Water , P ark and F unding—
7s, J&J, $51,000........July 1,1905 Tax valuation, personal. 200,595
Tax valuation, railroads.
9,933
Subject to call.
7s, J&J. $40,000........ Aug. 1,1906 Total valuation 1897....... 917,840
Assessment *2 actual value.
6 s, M&N, 5,000........May 1,1911
Bonded debt Sept. 1,’97...$96,000 Total tax (per $1,000) ’97..$29-30
Water debt (included)....... 51,000 Population 1890 was.......... ..2,128
Floating d e b t..................... 78,035 Population 1896 (est.).......... 1,783
INTEREST on the 6 per cent bonds is payable at the Hanover
Bank, New York City; on others at Rapid City, 8 . D.
LOANS—
Roberts County, S. D.—J. F. Schwantes, Auditor.
•mot is the county seat.
W il-
LOANSAmount. |Assessed valuation, rail7% funding bonds............. $20,000 I road companies, &c___ $114,673
6% refunding bonds.......... 12,000 I Assessed valuation, per¡Bonded debt Jan. 1,1898.$32,000 | sonal.............................. 369,381
Floating debt..................... 18,395 |Total valuation 1898___ 1,103,273
Total debt Jan. 1,1898___ 50,395 Assessment about *3 actual value.
Sinking f u n d .................... 1,746 I Tax rate (per $1,000) ’ 98...$18-00
Net dent Jan. 1,1898........ 48,649 Population in 1890 was....... 1,997
Assessed valuation, rea l..537,396 I Population In 1898 (est.)... 13,000
Assessed valuation, town
lots..................................... 81,823 |
Yincennes, Ind.—F. H. Hoffman, Treasurer; C. Langel,
Clerk. This city is in Knox County.
Floating debt.................. $20,955
Total debt Jan. 1, 1898. 110,955
Sinking fund assets........
2,690
Net debt Jan. 1,1 8 98 ___ 108,265
Assessed valuation, real.2,963,020
Assessed val’ation, per’ 1.1,2-25,155
Total valuation 1*97___ 4,188,175
Assessment about 23 actual value.
Tax rate (per $1,000) 1897.$25-20
INTEREST on the 5 per cent bonds payable in New Y ork City, and
on the 4 per cent bonds in Yincennes.
LOANS —
When Due.
R efunding B onds58, ..........$16,000........ ....................
5s, ........ , 16,000.......
City H all B onds—
4s.............*10,000.............................
School B onds58, ........ . $ <6.000............................
Bonded debt Jan. 1,1898 $90,000
Warren County, Ky.—A . J. Cole, Sheriff.
is the county seat.
LOANS—
When Due. I Net debt Jan. 1,1 89 8 ..
Nil.
6s, J&J, $12,000........J u ly l, 1898 I Assessed val’ation,real.$6,209,243
(Subject to call.)
¡ Assessed val’ation,per’l 3,993,826
T urnpike B onds—
|Total valuation 1897... 10.203,069
5s, J&J. $60,000............1904-1906 I Assessment about *5 actual value.
(Now subject to call.)
|Tax rate (per$l,000) 1897.$18-50
Bonded debt Jan. 1, 1898.$72,000 I Population in 1890 was.......30,158
Sinking fund....................... 72,000 |Population in 1897 (est.).-.31,000
Worth County, Mo.—Henry Swift, Treasurer.
is the county seat.
Yankton, S. D.— William Blatt, Mayor : L, M. Yeatman,
Cleik. This city is the county seat of Yankton County.
LOANS—
When Due.
R ailroad -A id B onds—
This village is
School B ondsE lectric L ight B onds—
I ..........$15,000....................................
6 s , ......... $13,000........... 1898-1910 I Bonded debt Deo. 1 ,’ 97.. $69,000
Sew er B onds—
I Assessed valuat on 1896.1,286,000
4 ^ s, A&O, $20.000....... 1912-1931 Tax rate (per M.) 1897..
29 00
($1,000 yearly on April 1.)
I Population 1890...........
1,977
R efunding B onds—
I Population 1897 (est.)...
5.000
.......... $21,000.................................. I
6s.............. $ 6 ,0 0 0 ......................1902
6s. ........... 3 1 ,000....................... 1913
W h en D u e . 1
LOANS—
NEW
M A S O N , L E W IS & C O ,
W ater B onds-
68, ......... ,$ 1 8 ,0 0 0 ..................... 1903
3,000....................1906
6s, ..........
School B onds
es.............. $10,000......................1917
5s............. 10,000....................1912
M U N IC IP A L
OFFER FOR SALE
T r o y , N . Y ............................................................... 3Vés
F a r m i n g t o n , N . H ................................................ 4 s
'S e d a l ia , M o ....................................... ..................... 4 K s
S o u t h O m a h a , N eb ............................................. 5 s 1
A s t o r i a , 111........................................................ . . . . . 5 s
M o m e n c e , 111 ..........................................................5 s
T r i n i d a d , C o l. ( G o l d ) ..........................................5 s
L a k e C o u n t y , In d ..................
5s
R o c k w e l l , l a , ( S c h o o l ) .......................................5 s
W e s t C h i c a g o S t . R R .( C b i c a g o ) 1 s t M t g e .S s
S o u t h S id e E l e v . U R . (C h ic a g o ) 1 st M ort..4M s
8 2 0 0 ,0 0 0
Central RE, & Electric! Co.
.
BAN KERS,
New York Savings Banks
and Trustees.
L IS T S
SENT
UPON
BO N DS.
C. S T A N W O O D 8b C o.
FOR
6 7 M ilk S tr e e t, B o sto n ,
1 7 1 L a S a lle S tr e e t, C h ica g o ,
Bonded debt Jan. 1,’ 98.. $132,000
linking fund....................
4,000
Nebt debt Jan. 1,1898... 128,000
Water debt (included). . .
21,000
Assessed valuation, real. 927,825
Assessed valuation, per
sonal.............................. 179,770
Total valuation 1897. ...1,107,595
Assessment about % actual value.
Tax rate (per $1,000) 1897.$30-00
Population in 1890 was........ 3,670
Population in 1898 (est.)___5,000
IN V E S T M E N T S .
Investment Bonds
BAN KERS.
(Of New Britain, Connecticut.)
(Payable at optional.)
P a rk B onds—
IN V E S T M E N T S .
LO AN S.
Grant City
LO A N S —
When Due. I Total debt Jan. 1,1898.. $29,000
Court-H ouse & J ail B onds— I Assessed valuation ’96..2,790,160
5s, J&D, $25,000.......Dec. 1 .1917 I Assessment about 40% actual val.
(Subject to call after 1902.)
|State & Co. tax (per M.t ’96.$7-50
Bonded debt Jan. 1, ’98.. .$25,000 Population in 1890 was...... 8,738
Floating debt (about)........ 4,000 |Population in 1897 was...... 10,000
7s............. $ 5 4,00 0.................... 1905
Shelby, Ohio.—W . F. Sonnanstine, Clerk.
in Richland County.
Bowling Green
121 Devonshire Street.
BO STO N .
A P P L IC A T IO N .
MEMBERS OF BOSTON AND NEW YORK
STOCK EXCHANGES.
R. L. D A Y 8b CO.,
4 0 W a t e r S tre e t, B o sto n .
7 N a ssa u S tr e e t. N e w Y o r k .
PUBLIC SECURITIES
1st Mortgage Sinking Fund Gold 5s.
SUITABLE FOR
This road has direct connection with the City of
Hartford.
Ser 1 for earnings to Oct. 1,1897, and full descrip
tion jf roperty.
S A V IN G S B A N K A N D T R U S T
F U N D S.
E. H R O L L IN S & S O N S ,
LISTS MAILED ON APPLICATION.
B U Y AND SELL
T E X A S M U N IC IP A L B O N D S .
BAN K STO C KS.
R. N. MENEFEE & CO., BANKERS,
CHARLES W . ROSENBERGER,
1 8 W a ll S tr e e t, N ew Y o r k .
W . J. Hayes & Sons,
BANKERS,
D E A L E R S IN M U N IC IP A L B O N D S,
Street Railway Bonds, and other high-grade In
vestments.
BOSTON, MASS.,
C le v e l a n d , Ohio,
7 Exchange Place.
311*313 Superior St.
Cable Address. "K E N N E T H .”
1 9 M ilk S tre e t, B oston , M ass.
Farson, Leach & Co.,
Government a n d
Municipal Bonds
C H IC A G O ,
1 0 0 D e a rb o rn S t.
NEW Y O R K ,
2 W a ll S t.
B O U G H T A N D SO LD .
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE. SALE. OR
EXCHANGE OF ABOVE SECURITIES.'
R E F E R E N C E S B Y P E R M IS S IO N .
Jamb» A. BlAib , of Blair & Co., 33 WaU St., N. Y.
O. C. Ewart , 2 Wall Street, New York.
BANK OF H. S. Mills, Kansas City, Mo.
D. O. Smart , Capitalist, Kansas City, Mo.
w.
KAN SAS
WHAÏÏN & SCHLESINGER
L I S T S ON A P P L I C A T I O N .
N. W. HARRIS & CO., M U NICIPAL BONDS.
BANKERS,
j.
McK i n n e y ,
C IT Y .
.
.
.
M IS S O U R I,
Collector and Adjuster of Western Real Estate
Mortgages. Fifteen years’ Western experience.
Familiar with all parts of the Western investment
territory.
Solicits correspondence from holders or all forms
of Western investments and from those desiring to
change existing arrangements.
LOANS
BOUGHT
AND
SOLD.
Special attention to the management and sale o f
roperties acquired under mortgages.
3 1 N A S S A U S T . I B a n k o f C o m m e r c e B ld g .)
SYRACUSE
R A P ID
T R A N S IT
2
W ALL
STREET,
NEW
YORK.
R A IL W A Y
BAN K ERS,
BONDS
Blodget, Merritt & Co.,
Bought and Sold.
BANKERS
E D W A R D C . J O N E S CO.
16 C o n gre ss Street, Boston.
NEW YORK, - - 1 NASSAU STREET,
PHILADELPHIA
CINCINNATI.
STATE, CITY & RAILROAD BONDS
18
W ALL
STREET, N EW
YORK.
Established 1865.
MEMBERS OF NEW FORK STOCK EXCHANGE
Allow interest on deposits subject to sight check
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
Investment Securities.
H. j . Mo r se . Ch a s
d.
M a r v in . W
m
K id d ie
I HK ' HKON II LK.
806
i f in a tti i a l .
T h e A u d it C o m p a n y
OF NEW Y O R K ,
Equitable Building, 12« Broadway.
A cting President,
Vice-President.
AUG U ST BELMONT,
W IL L IA M A . NASH.
Manager,
Chief Consulting A uditor
THOMAS L. GREENE.
STEPHEN L ITTLE .
Consulting Engineers,
W . B. PARSONS.
E. S. PEARSON.
C h ief o f Corps o f Eng’rs, Secretary and Treasurer.
H E N R Y B. SEAM AN.
E D W A R D T. PER1NE.
Extract from By-Laws of the Audit Company
of New York.
I lt fr t T x
^ m e r ix a n
^ v u sl
C rn ttp a n p ,
C A P I T A L , $ 1 ,0 0 0 .0 0 0 .
SAM UEL M. JA R V IS , President.
ROLAND R. CONKLIN.
E. J. C H A P P E L L
V ice President.
London Treasurer
S. R. H A R B E R T .
S. L. CONKLIN
London Secretary.
Secretary.
cent at moderate rates o f interest and 1-16 commis
sion. Interest allowed on margins and deposits sub
je ct to check at sight.
The Investment Company
of Philadelphia,
Private wires to Boston, Philadelphia and Chicago.
Tru st Co.
DETERMINING THE FINANCIAL. RE
SPONSIBILITY OF THE FIRM W IT H
W H IC H YOU DEAL. IS AS IMPORTANT
AS SELECTING THE R IG H T STOCKS.
Branch Office. 1 1 32 Broadway, New Y ork.
1850.
189».
The United States Life
Insurance Co.
IN TH E C ITY OF NEW Y O R K .
All policies now Issued by this Company
contain the following clauses :
“ After one year from the date of Issue»
the liability of the Company under thl»
policy shall not be disputed.’ ’
“ This policy contains no restriction
whatever npon the insured, in respect:
either oi travel, residence or occupation.’ ’
All Death Claims paid W ITH O U T DTS*
COUNT as soon as satisfactory proofs hnvo
been received.
A c tiv e a n d S u c cessfu l A g e n t s , w ish in g ts>
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
cate w ith the P re sid en t, a t the H o m e
Office, 2 6 1 B r o a d w a y , N e w Y o r k .
oirnciBS:
GEORGE H . BURFORD................Preeioenr
MANHATTAN ISLAND
Speaking of Manhattan Island Real
Estate Investment, the “ N. Y . Evening
Post”, April 8 , 1897, said:
“ * * it is sure in time to become
immensely profitable ; for the in
crease in the fee value of the prop
erty will be attended by a greater
demand * * and a relative increase
in rents.”
53 B R O A D W A Y , N EW YO RK .
Boston, 85 State St.; Philadelphia, 403 W alnut St»
UNDIVIDED PROFITS, 9 2 0 0 ,0 0 0 .
Authorized to act as Trustee, Guardian.
E xecute orders in Stocks, Bonds, Grain, Cotton
Assignee and Fiscal Agent.
and Provisions on the New York, Philadelphia, Bos
All conservative trust company busines* ton and Chicago Grain and Stock Exchanges fo r in
accepted.
vestment or to be Carried on margin o f 3 to 5 per
I n v e s t m e n t S e c u r it ie s f o r S a le .
20 9 , 211 and 213
East Twenty-Third Street,
H A IG H T & F R E E S E ,
95 GRESHAM STREET, LONDON, E. C.
Wisconsin
CASS R E A L T Y
C O R P O R A T IO N .
B A N K IN G H O U S E O F
100 B R O A D W A Y, NEW Y O R K .
Section 1. The results of all audits and ex
aminations made by this Company shall be
treated as strictly confidential by both the ex
aminer and the manager of the Company. In
3 1 0 C h estnut St., P h ila d e lp h ia .
all oases, unless otherwise directed or requested
by the applicant, the reports of the Company
Paid-Up Capital,
9 8 0 0 ,0 0 0
shall be made in duplicate, one to be delivered
This Company undertakes the negotiation and
to the applicant and the other to be sealed up Issue o f loans and capital o f Companies on the New
and retained by the Company.
York or Philadelphia Market and will make ad
Sec. 2. In no oase shall the duplicate report yances upon approved Corporate, Personal or Real
so retained by the Company be open to the in Estate Security.
Under its charter rights it will act as Trustee,
spection o f the directors, officers, or employes
o f this Company, nor shall the contents be Agent or Manager fo r the control o f corporations
made known except upon authority of a reso or for the construction o f p b iic or private works
lution o f the Board of Directors of the Com
pany.
Pec. 3. Each officer and employe of the
Company who shall participate in making ex
M i l W A U K 'E E , W I S .
aminations or audits shaiL on entering the em
ploy o f the Company, make oath that he will Capital,
$250,000 00
not divulge any information obtained by him
in the course of his employment relating to Transacts a General Trust Business.
audits or examinations.
REAL ESTATE
INVESTM ENT.
ffittanctal.
g r n s l C o m p a n ie s.
ARTICLE XIV.
EXAM IN ATIONS TO B E CONFIDENTIAL.
\ öl. LXVu
SE C U R E B A N K VAU LTS.
C. P. F R A L E 1 G H ...........................................Secretary
A. W H E E L W R IG H T ..................Assistant Secretary
W ILLIAM T. STAN D E N ................................ A ctuary
A R T H U R C. P E R R Y .........................................Cashier
JOHN P . MUNN.................................Medical D irector
FINANCE COMMITTEE .*
GEO. G. W IL L IA M S ............. Pres. Cbem. Nat. Bank
JOHN J. TU CK ER ............................................. Builder
H. H . PERKINS, JB., Pres. Imp. & Traders’ Nat. Bk
JAMES R. PLU M ...............................................Leather
GENUINE
WELDED CHROME STEEL AND IRON
R ound and Flat Bars and 5-ply Plates and Angles
_
. .
FOR SAFES, V A U L T S , &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar P roof.
CHROME STEEI. W O R K S ,
Kent Ave., Keap & H ooper 8ts.
Sole Man’f ’ers In the U. S. BROOKLYN. N. Y .
WM. FRANKLIN HALL,
Accountant
^ ^ s S £ t ,in
*
BOSTON, MASS.
B ook s audited. E xam in ations and in vestigation s
conducted w ith the u tm ost care sa d efficiency.
W X v îtiU Q g a p e r .
w
w
w
w
Write or Call for Particulars.
J. Spencer Turner,
1 SUCCESSOR TO
B iin c k e r h o ft, T u r n e r A C o.,
M ANU FACTU RER AND DEALER IN
C O T T O N SA IL D U C K
A N D ALL KINDS OK
COTTON CAN VAS FELTING DUCK
C AR COVERING BAGGING,
R AV E N S DUCK, SAIL TW IN E, AC.,
POPE " A W N I N G ’’ STRIPES.
AGENT
UNITED STATES BUNTING CO.
A fu ll su pp ly a ll W idths and Colors, alw ays Id
109 Duane Street. New York.
B a n k and T ru st C om panyStocks
New Y ork and Brooklyn
BOUGHT AN D SOLD.
C L IN T O N G I L B E R T
2 . W A L L S T .. NEW Y O R K .
THE
F ebruary 5, 1898.]
C H R O N IC L E .
g î r o & e t f s a t t Ä % voT izv& © u t trt f j m
Irwin, Ellis & Ballmann,
B A N K ER S AND B R O K E R S
in
lÏD F k .
SO U TH ERN .
C IN C IN N A T I.
Dealer
is
C in c in n a t i B o n d s .
No. 37 East Third Sr.. Cincinnati. Ohio
S easongood & M ayer,
S. W . Corner Third and W alnnt Street«,
C IN C IN N A T I, O H IO .
_________ C H IC A G O __________
W il l ia m W il s o n & Sons , Established 1802.
W il e ? 1 Colsto n & Co.,
».
“
1867.
A . O. Slaughter & Co.,,
Wilson, Colston & Co.,
B A N K E R S AND B R O K E R S ,
Members o f Baltimore Stock Exchange,
BANKERS.
2 1 6 East Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a spec
laity, and whole issues handled.
Exceptional facilities fo r dealings in all classes o f
Southern Bonds. Loans on Collateral Securities
negotiated.
John W .
C H IC A G O , IL L S .
Members New York
Jamieson
Dickey,
A U G U S T A , G E O R G IA .
Co.,
Chicago, 111«.
S E C U R IT IE S .
B A N K E R S
A ID
B R O K E R S ,
BANKERS,
R IC H M O N D , V IR G IN IA .
NO. 6 2 C E D A R S T R E E T , N. T .
Correspondence solicited and inform ation fu r
nished about Southern State, Municipal and R a 1
oad Investm ent Securities.
Reference—Bank of New York N. B. A .
In addition to a General Banking Business, B sy
and Sell Governm ent Bonds and Investment. Se
curities.
J . G. ZA C H R Y .
W . A . C. E W E N
ZACHRY & EWEN,
ESTABLISHED 1860,
C. W . Branch & C o.,
Private wire to New York and Philadelphia.
Loeb
BONDS.
Private wires connecting with W ashington, Baiti,
more, Philadelphia, New York, Boston and Chicago
New York Correspondents: Messrs. Ladenburg
rhalm ann & Co. and Lehman Bros.
No. 8 NASSAU STREET, NEW YORK.
INVESTMENT
SECURITIES.
Gatzert,
125 L A S A L L E S T R E E T , C H IC AG O .
'First Mortgages fo r sale in large and small amounts*,
netting investors 5,
and 6 per cent, secured by«
improved and incom e-bearing Chicago city property
Principal and Interest Payable in Gold.
CORRESPONDENCE SOLICITED.
A . G . Becker & C o.,
(INCORPORATED).
3 5 W a ll S tre e t, N ew Y o r k .
R A I L R O A D , M U N IC IP A L , T R A C T IO N ,
INVESTM ENT SECURITIES.
Loans Negotiated.
Correspondence Invited.
BAN KERS,
&
MORTGAGE BANKERS,
BANKERS AND BROKERS
State bank building
RICH M OND, VA.
Hatch & Foote,
C o.,
169 LA SALLE STREET,
Davenport & C o.,
&
&
S T O C K S —B O N O S ,
ffitta tx c ia l.
Son
Exchange, C hicago
Members New York and Chicago Stock Exchanges
SOUTH ERN
Gilman,
Stock
Stock Exchange and Chicago Board o f Trade.
BROKER,
M U N IC IP A L B O N D S .
High-Grade City, County Town and School Bonos.
Issued in leading prosperous States o f the Union
especially adapted fo r safe and permanent invest,
m ent fo r Estates and Trust Funds.
11 5 -1 1 7 LA SALLE STREET.
C O M M E R C IA L P A P E R .
199 La Salle St., Chicago, 111.
P IT T S B U R G .
A . Strass burger,
Henry Sproul
78
STOCKS & BONDS B R O K E R
FOURTH
&
C o.,
AVENUE,
P IT T S B U R G , P A .
W . H . Goadby & C o.,
SOUTHERN IN VESTM ENT SECURITIES,
MEMBERS OP THE
B A N K E R S AND B R O K E R S
Montgom ery, Ala.
N EW YO RK STOCK EXCHANGH,
P H IL A D E L P H IA STOCK EXCH ANGE
PITTSBU RG EXCHANGE (8 MEMBERS),
CHICAGO STOCK EXCHANGE,
CHICAGO BOARD OF T R A D E .
NO.
24
B R O A D
N ew
S T R E E T
Y ork .
WM. M. HARRIMAN, Member N. Y, Stock Exchange.
Ol i v e r H a r r i m a n , J r . N ic h o l a s F is h , Special.
Harriman & C o.,
E Q U IT A B L E
B U IL D IN G ,
NEW
YORK
D A N K OF CH ARLESTO N.
JD N A T IO N A L BAN KIN G ASSOCIATION,
C H A R L E ST O N , SO. C A R .
C A P IT A L ................................................ ............$300,000
SURPLUS.................................... .
: ...............$100,000
M IS C E L L A N E O U S .
P IT T S B U R G ,
ESTABLISHED
PA.
1871.
Whitney & Stephenson,
BAN KERS AN D BROKERS
BANKERS AND BROKERS.
N o. 57 F O U R T H A V E N U E .
Transact a General Banking and Stock Exchange
Business.
Oldest Pittsburg Members N. Y . Stock Exchange.
Ladd &
BANKERS,
T . Mellon & Sons’ Bank,
PO RTLAND, OREGON.
P IT T S B U R G H , P A .
B00DY, McLELL AN & CO.,
57
BROADW AY,
NEW
YORK.
Members o'f the New York Stock Exchange.
H igh-G rade Investm ent Securities N ettin g
From Four to Six Per Cent.
LISTS ON APPLICATION.
EDWIN R. LANCASTER,
IN V E S T M E N T S E C U R IT IE S ,
S o u th e rn S e c u r itie s a
15 W A L L STREET,
-
S p e c ia lty .
NEW Y ORB .
\merican Express Co.
Sstablished
18 4 1.
Capital, #18, 000, 000.
6 5 B R O A D W A Y , N. Y.
ESTABLISH ED IN 1859.
Transact a General Banking Business
Collections Given Special A ttention.
MINING
Makes CABLE TRANSFERS of money
to England and the Continent.
B A N K E R S AND B R O K E R S,
COLORADO
S P R IN G S ,
-
-
COLO.
Members Colorado Springs Mining Stock Association.
W eekly Market Letter sent upon application.
Charles Hodgman
Whitaker & Hodgman,
VOLUMES».
W IL L IA M B. DA N A COMPANY, 7f K Pine SP, N 1
P H IL A D E L P H IA .
W.
Clark
&
C o.,
BAN KERS AN D BROKERS,
N o . 1 3 9 S ou th F o u r th St.,
P H IL A D E L P H IA .
Transact a general banking business.
A llow *-interest on deposits.
Members o f the Philadelphia and New York S to c k
Exchanges, and connected by private wire w ithNew York.
W G. H opper,
H. 8. H opper ,
Members o f Philadelphia Stock Exchange.
W m . G. Hopper & C o .,
3 0 0 Nor tin F o u rth Street,
S T O C K A N D B O N D B R O K E R S,
28 South Third Street, Philadelphia
S T . L O U IS .
Howard L ee Clare
BANKERS,
¿C H R O N IC L E
C O L L E C T IO N S
BOND A N D STO C K B R O K E R S ,
Richardson & Clark,
SALE.
B A N K IN G ,
IN V E S T M E N T S .
H . J . von Hemert & C o., E.
These facilities are obtainable at all James Richardson
ifBcei of the Company.
I OR
GENERAL
INVESTMENTS.
Issues TRAVELERS CHEQUES imme* Edwards Whitaker ,
diately available as funds everywhere.
Draws FOREIGN DRAFTS in sterling,
Francs, Marks, and M o t l e y Orders,
on all parts of the Commercial World.
Tilton,
25 Exchange Street, Providence, R, I;
Commercial Paper, Bonds, Stocks and
Local Securities.
BONDS A D V ER TISE D on the market supplied
SUBSCRIPTION PRICES.
Telephone 160
C. & H . Borie,
BANKERS
AND
BROKERS,
Third and Chestnut Streets.
PHILADELPHIA, PENN*
THE
C H R O N IC L E ,
[V o u L i v i .
Qtusl (ßompvmUs.
Union Trust Company United States Trust Co.
OF N E W Y O R K .
jVos. 4 6 & 4 7 W A L L S T R E E T .
CAPITAL AND SURPLUS,
80 Broadway, New York.
$ 1 ,8 0 0 ,0 0 0 .
1
C A P IT A L ,
SURPLUS,
-
$ 1 ,0 0 0 ,0 0 0
$ 6 ,2 1 8 ,0 0 0
AUTHORIZED TO ACT AS
Executor, Administrator, Guardian,
Receiver or Trustee,
A N D IS
A L E G A L D E P O S IT O R Y F O R M O N E Y .
ACTS AS TRUSTEE OF MORTGAGES OF
•CORPORATIONS and accepts the transfer agency
and registry o f stocks.
A LLO W S IN TEREST ON DEPOSITS, which may
be made at any time, and withdrawn on five days’
notice, with interest for the whole tim e they remain
with the company.
T o r the convenience o f depositors this company
«is o opens CURRENT ACCOUNTS, subject, in acoordance with its rules, to check at sight, and allows
interest npon the resulting daily balances. Such
«hecks pass through the Clearing House.
Attends specially to the
M AN AGEM EN T OF R E A L ESTATE
-and to the collection and remittance o f rents.
It makes ample provision in its
B U R G L A R A N D F IR E PRO O F VA U LTS
•for the safe-keeping o f securities placed in its cus■fcody, on which it collects andyem its incom e.
E D W A R D KING, President.
CORNELIUS D. WOOD,
1
fJAM ES H. OG ILVIE,
>Vice-Presidents.
AUGUSTUS W . K E LLE Y , )
J. V. B. T H A Y E R , Secretary.
:HL R . M E R R ITT, Assistant Secretary.
0 . C. R AW LIN GS. Trust Officer.
^ _______
New York Security &
Trust Company,
4«
W ALL
STR EET, N EW
YORK»
Capital, 81 ,0 0 0 ,0 0 0 I Surplus, $ 1 ,500 ,00 0
CHARLES S. FAIRC H ILD , President.
W M . L. STRONG. 1st Ylce-Pres.
A B R A M M. H Y A T T , 2d Vice-Pres.
OSBORN W . BRIG HT, Secretary.
ZE L A H V AN LOAN. Asst. Secretary.
Authorized to act as executor, trustee, administra
tor; guardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
Interest. A legal depositoryfor court and trust funds.
A designated depository for the reserve o f State
banks. A ccounts o f banks and bankers solicited.
TRUSTEES.
C. S. Fairchild, M. C. D. Borden, (James A. fiiatr,
W. H . Applebon, B. Aym ar Sands, J. G. McCullough,
W m . L. Strong, James J. Hill,
H. Hoagland,
E. N. Gibbs,
J. W . Sterling,
W . F. Buckley,
F. R. Coudert,
H . W alter W ebb,
S. G. Nelson,
Edward Uhl.
•Tames Stillman I.Tobn A. McCall.
Edmund D. Randolph, Frank W . Stearns.
Rhode Island Hospital
Trust Company,
P R O V ID E N C E ,
R . I.
Capital...$ 1 ,0 0 0 ,0 0 0 ! Surplus....$ 7 5 0 ,0 0 0
DIRECTORS.
Christopher Lippitt, H oratio N. Campbell
R sbert Knight,
R oyal C. T aft,
Hobt. H . I. Goddard, John W . Danielson
G eo. W . R.Matteson, Herbert J. Wells,
John C. Pegram,
W illiam D. Ely
Lyman B. Gofl,
R obert L Gammeil,
Eugene W . Mason
W illiam Binney,
William B. W eeden, Geo. Gordon King
Rowland G. Hazard
Rowland Hazard,
Lucian Sharpe.
Edward D. Pearce
H E R B E R T J. W ELLS, SAM’L R . DORRANCB
President.
Vice-Preside t.
E D W A R D 8. C LAR K ,
W M. A . GA M W E LL
'i-eret.arv
Assistant Secret»»*
The
Union
Trust Co.
715-717-719 Chestnut Street
'
P H ILA D ELP H IA , PA
Incorporated 1882.
C A P IT A L ,
-
$ 1 ,0 0 0 ,0 0 0
Transacts a General Trust and Safe Deposit Business*
A cts as Transfer Agent, Registrar and Trustees
under corporation mortgages
Collects and Remits Income at Reasonable Rates.
Solicits Accounts o f Bankers and others.
Interest Allowed on Deposits.
President,
Vice-President
J . SIMPSON A FR IC A . THOMAS R. P a t t o n
2d Vice-President, GEORGE A . FLE TCH ER.
Treasurer and Secretary.
Trust Officer
R IC H A R D S. E D W AR D S. PERCY B. METZGER
DIRECTORS.
Joseph I. K eefe, Thos. R . Patton,
J . S. A frica,
Edward Bailey, Chas. A . Lagen,: Edw. L. Perkins,
Geo. A . Fletcher, John P.McGrath, W m . C. Stoever,
Thomas G. Hood, Harry W . Moóre, J . W . Suppléé,
W m . B. -Irvine, Oscar R . Meyers, Joseph Thomas
This Company is a legal depository fo r moneys
paid into Court, and is authorized to act as Guardian,
Trustee or Executor.
INTEREST ALLOW ED
ON DEPOSITS
which may be made at any tim e and withdrawn
after five days’ notice, and will be entitled to inter
est for the whole tim e they may remain with the
Company.
,
m
„ . ,
Executors, Administrators, or Trustees o f Estates,
■Religious and Benevolent Institutions, and individ
uals, will find this Company a convenient depository
for money
JOHN A . S TEW A RT, President,
D. W ILLIS JAMES, Vice-President,
JAM ES S. CLARK, 2d Vice-President,
H E N R Y L. TH ORN ELL, Secretary,
LOUIS G. H AM PTON, Assist. Sec’y.
TRUSTEES»
Samnel Sloan,
Charles S. Smith, W . W ald. Astor,
D. W illis James, W m . Rockefeller,Jam es Stillman,
John A . Stewart, A lexander B. Orr.John Claflin,
J. H. Rhoades, W m . H. Macy, Jr.John J. Phelps,
A nson P. Stokes,W m . D. Sloane, Daniel Lord,
John C. Brown, G. H . Schwab,
John S. Kennedy,
Edward Cooper, Frank Lyman, • D. O. Mills,
W . B. Cutting.
Geo. F. V ietor, Lewis C.Ledyard
OLD C O LO N Y
TRUST COM PANY.
B O ST O N , H ASS.
C A P IT A L ,
.
.
.
$ 1 ,0 0 0 ,0 0 0
SURPLUS, .
.
.
1 ,0 0 0 ,0 0 0
Transacts a General Banking Business.
ALLOWS INTEREST ON D A IL Y BALANCES SUBJECT
TO CHECK
TRUSTEE UNDER MORTGAGES. TRANSFER AGENT
REGISTRAR
B O A RD OF D IR E C T O R S :
T. Jeflerson Coolidge, Jr., President.
W alter Hunnewell
Oliver Ames,
Samnel Carr,
C. W . Am ory,
Geo. V. L. Meyer,
B. P. Cheney,
Laurenee Minot,
T. Jefferson Coolidge,
Richard Olney,
Chas. E. Cotting,
H enry R. Reed,
Geo. F. Fabyan,
Nathaniel Thayer,
Geo. P- Gardner,
Stephen M. W eld.
H enry S. H owe,
H enry C. W eston.
T . J e f f e r s o n Co o l id g e , J r ., President.
C. S. T u c k e r m a n , Vice-Pres’t and Treat,
G eo . p . Ga r d n e r , G o r d o n A b b o t t ,
F r a n c is R. H a r t , Vfce-Frwid
E. A . P h ip p e n , Secretary and Ass’t Treas.
J o se p h G. St e a r n s . Ass’t Secretary,
C O N T IN E N T A L
TRUST COM PANY,
OP THE C IT Y OF NEW Y O R K .
A M E R IC A N L O A N
—AN D—
TRUST
30 B R O A D S T R E E T .
CAPITAL................................ $5 00 ,0 00
SU R P L U S .............................. 35 0 ,0 0 0
OTTO T. BAN N A RD ......................................President
W ILLIA M A L E X A N D E R S M IT H ...1st V ice Pres’t
GORDON M A C D O N A L D ...2d Y lce-P res’t and Sec’y
H E N R Y E. D A B O L L..................Assistant Secretary
COM PANY,
B O S T O N , H A SS .
C A P IT A L ,
SURPLUS,
-
-
-
-
$ 1 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
Designated by the Supreme Court as a
Depositary for Court Money*.
Interest allowed on Deposits.
Executes all Trusts.
A legal depository o f moneys paid into Court and
fo r Administrators, Executors, Guardians ana
Trustees.
IN TEREST A L L O W E D ON DEPOSITS.
Trustees under Mortgages, Transfer Agents and
Registrars o f Stock.
B OARD OF DIRECTORS.
TRUSTEES
William Jay,
Giraud Foster.
A lfred M. H oyt,
Gordon Macdonald,
Gordon N om e,
R udolf E. F. Flinsch,
A. Lanfear Norrie,
Robert S. Holt.
Oliver Harriman, Jr.,
William F. Cochraa,
W m . Alexander Smith,
W alter Jennings,
Robert Olyphant,
W illiam A . Hazard,
Frank H. Platt
W . Seward Webb,
Trenor L. Park,
Otto T. Bannard.
Robert W . DeForest.
Oswald Sanderson.
Chas. Francis Adams. 2d. Samuel Little,
S. E. Peabody,
Oakes A . Ames,
Francis Peabody
Edwin F. Atkins,
A lbert A . Popej
Isaac T. Burr,
N. W . R ice,
Samuel Carr,
R . E. Robbins,
F. Gordon Dexter
W . B. Thomas
David P. Kimball
S. ENDICOTT PEABOD Y, President.
N. W. JORDAN, Actuary,
E. A . COFFIN Treasurer
T he S tate T rust C o .
100
BROADW AY.
C apital a n d Su rplu s,
-
Maryland Trust Co.,
CORNER SOUTH AND GERMAN STS.
$ 1 ,9 0 0 ,0 0 0
Acts as Trustee. Registrar, Transfer and
Fiscal Agent of Corporations, and as Ex
ecutor, Administrator, Trustee, Guardian
and Committee of Estates. Legal Deposi
tory for Court and Trust Funds. Takes
full charge of Real and Personal Estates.
Interest allowed on Deposits.
FRANCIS S. BANGS. President
W M . A . NASH, Vice-Presiaent
M A U K T 0E 8 DECKER. Secretary.
H. M. FRANCIS, Treasurer
H. B. B K RR Y, Trust Officer.
TRUSTEES.
Willis S. Paine,
Forrest H . Parker
Henry H . Cook,
Charles Scribner,
W alter S. Johnston, Charles L. Tiffany
Joseph N. Hallock.
George W W hite
Edwin A. McAlpin,
Percival Knauth.
Andrew Mills.
Francis 8 Bangs,
William A. Nash,
Francis Lynde Stetson
Geo. Foster Peabody, Thomas A. McIntyre.
J. D. Probst.
Edward E. Poor.
Anson G. McCook.
H enry Steers,
George W . Quintard R . A. C. Smith,
Thos. F. Ryan.
B A L T IM O R E .
CAPITAL, $ 1 ,0 0 0 ,0 0 0
A
LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
Acts as Financial Agent for States, Cities Towns«
Railroads and other Corporations. Transacts a gen<
eral trust business. Lends m oney on approved se
curity. Allows interest on special deposits. Acts
as Trustee under Mortgages, Assignments and
Deeds o f Trust, as Agent for the Transfer or Regis*
tration o f Stocks and Bonds, and fo r the payment o f
coupons interest and dividends.
J. W ILLCOX BROWN, President
LLOYD L. JACKSON, First Vice-President
H E N R Y J. BOWDOIN, Second Vice-President*
J. BERN ARD SCOTT, Secy. & Treas.
DIRECTORS
Wm. A . Marburg, Lloyd L. Jackson, JoshuaLevering,
James Bond,
Frank Brown,
H . A. Parr,
Clayton C. Hall, J. D. Baker,
A lex. Brown,
H. J. Bowdoin, J. W ilcox Brown, John B. Garrett,
F. M. Thleriot,
Leopold Strouse, B. N. Baker.
Basil B. Gordon, Fred’k W . Wood, G. A. von Llngen,
H enry Walters, Andrew D. Jones Jos. E. Willard,
W . B. Brooks.Jr., W .H . Baldwin,jr J. A . Tom pkins.
GUARDIAN
Missouri Kansas & Texas
Trust C o.,
Trust & Deposit Company,
SECURITY
B A L T IM O R E .
General Banking and Trust Business. Becomes
Trustee under Mortgages or Deeds o f Trnst, Finan
cial or Transfer Agent fo r States, Cities or Corpora
tions, etc., etc. Pavs interest on Deposits.
E D W A R D STAB LE R, J r ., President.
W M . M. BYRN, Secretary and Treasurer.
DA N IEL M ILLER, JON. K. TA YL O R ,V ice-P res’ts.
Executive C om m ittee: W m. H. Bosley (John 8.
Gittings & Co.), Chairman ; George B. Baker, H enry
C. Matthews, John L. Blake, Francis A. W hite, Matt.
C. Fenton, Lewis A . Gusdorff.
Metropolitan Trust Co.
O f the City o f New York.
37 and 39 W all Street, New York.
Paid-up capital............................ $ 1 ,0 0 0 ,9 0 0
Surplus... „ .......................... ............ 1,000,00»*
Designated as a legal depositary by order o f
Supreme Court. R eceive deposits o f m oney on in
terest, act as fiseal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Brayton Ives, President. Fred’k D. Tappen.Y.-Pres.
C. M. Jesup, 2d Y.-Pres. Beverly Chew, Secretary.
Raymond J. Chatry. Assistant Secretary
7th and Wyandotte Sts., Kansas City. Mo*
L Nassau St., N .Y.. 400 Chestnut St.,Phtla.
194 Washington St„ Boston.
Singel 238, Amsterdam, Holland.
Dorotheen-Strasse 54 Berlin, Germany.
31 Lombard Street, London, England.
Sandthorqual it,” Hamburg, Gor.
15 Ru© du Louvre, Paris, Franco.
Capital...... *...................................... $ 1 ,2 5 0 ,0 0 0
Surplus and Undivided Profits.. 1 ,2 5 0 ,0 0 0
A R T H U R E. STIL W E LL. President.
Yice-Presidents : J. McD. Trimble, E. L, Martin
W. S. Taylor, Jacques T. Nolthenius.
A C. Robinson, Secretary; W m. S. Taylor, Treas.
urer; Frank B. W ilcox, Assistant Treasurer; J, J .
Caimes, Assistant Secretary: E S. Mosher. A sst.
Secretary; Nath’l Norton, Ass’t Secretary; Trim ble
& Braley, General Attorneys.
Executes a General Trnst Business.
Acts as Trustee, Transfer Agent or Regis
trar for Corporations.
Acts as Executor, Administrator, Gnardlav
or Trnstee of Estates.
Collects Western Mortgages.
Takes charge of properties, collecting
Rents, paying taxes, etc., for
Eastern Investors.
@FedFRASER