Full text of Commercial and Financial Chronicle : February 6, 1897, Vol. 64, No. 1650

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[Entered aooordlng to Aot of Congress, tn tbe year 1897, by tbe W il l ia m B. D an a C o m p a n y , In the offloe of tbe Librarian of Oongieea,

VOL. 6L

SATURDAY, FEBRUARY 6, 1897.

% h z

(E to a u ic le .

PINE S T R E E T , N. W . CORNER OF PEARL S T R E E T . N. Y.

C L E A R IN G HOUSE RETURN'S.
For tbe month of January in each of tbe last four years tbe exhibit
is as follow s:
______________________________________________

NO. 1,650.

The week’s total for &11 cities shows a loss of 0'3 per cent
from 1896. The decrease from 1895 is 8-8 per cent and the in­
crease over 1894 is 9'7 per cent. Outside of New York the
decrease compared with 1896 is 5’3 percent, the loss from 1895
is S'l per cent, and the excess over 1894 reaches 1'5 per cent.
W eek ending J an u ary 30

J an u ary.
O learinot a t —
1897.

1896.

P .C t.

1895.

1894.

$
f
f
4
2.589,317.332 2.502.413.708 + i - i 2,394.672.415 2,'65,564,056
204,7h7.165 305.293,215 —13*3
295.721.725
2 *7,180,862
60.010.2*7
08.170.942 —3*2
58.03 ,»51
57,597.5 0
05,*O5,153
00.991,758 —2'1
03,754,807
01,618,232
10.909.051
19,441,429 - 1 3 0
17.04 7.012
17.1 2,985
M.17H,i03
8.766.101 - 0 - .
8,***>9/3l
7,015,082
W a s h in g to n ............
0,022,345
7.170.000 - 7 7
( U -'0.1(10
7.068,957
*,*79.974
4,718,735 -5 -1
4,281.733
4,014,514
3,716.812
3.698.502 +0-5
3,574.959
3,1/K,423
S o r a n t o n ..................
—17
2
2.8,9.13
d
3.30
.110
3,183.877
W ilm in g t o n ............
3,210.023
1,404.900
1,0*0,200 —14-7
1,4 7r,300
1,557.200
B in g h a m ton ............
T ota l M id d le......... 3,029.885.59a 3,051,713,8 >6 -0*7 2,860 030, do7 2.581,479.717
*23.283,814
27.423 80')
I2.r37.38c
6.999.762
H.4OV2O0
6.031.* 01
5.504.737
*3,810
2,8*8,736
2 033.946
497.495.u7.

391,048,085
25,0<*0,2Oi)
12. *73,012
.558.500
0,597,071
0,350.902
6.721,30V
3,000,527
2.-0J.5I3
2,2-0.985
404,410,701

+8*2
8-5*1
8-1*3
— i*i
-2 9
—5*0
—3 8
fo-1
r 1*0

318.440.097
4 9.79''.300
23.094,817
26.390.551
19,7 79.003
11.004.2 0
9.294,*51
6,457,1 8
6,746.9 7
3,37..27 2
2.639,310
1,490.110
1,023,37?
1,143,275
1.114.700
8 50.061
095.192
812,4*0
058.601
487,531.3*0

330,420,016
52.8 *).»<)•;
28.179 085
27,378,408
20,815,400
15.310,900
9.977.010
8,3 2.317
0,977,81?
4.005.707
2.08 d 8 9
1,5 O.oOl
1,511.109
I,3 i7 89*
1.281.877
1,"49. 53
8-0.2 H
802,8)1
703, i 'l l
575,431,101

San F ran cisco..........
S alt L ake C ity .........
P o r tla n d ...................
L os A n g e le s............
H e le n a .......................
T a c o m a .....................
S e a t t le .......................
S p o k a n e ....................
F a r g o ..........................
S io u x F alls................
T o ta l P a cific .........

65.916.432
5.559.516
5.214.740
4,18*,310
2.202.742
1,091.250
1.855.016
2.246.690
553,590
193.050
79,023.050

50.481.993
6,074.867
5.810.6*3
5.274,450
2,318 403
2.401,807
2.250.976
1,903,810
813,2*5
4!0 .'2 1
84.012,900

K ansas C ity .............
M in n eapolis..............

44,830.724
25,040.250
17.7-J8.900
12,024.737
10.991,083
2,281.489
6.476,867
4.7*9,097
1,674.729
1.452.080
1,394.080
1.050,52<
2*0,549
383.91)0
180,8)4,304

B o s to n ........................
P r o v id e n c e ...............
H a r tfo r d ...................
New H a v e n ..............
S p r in g fie ld ...............
W o r c e s te r .................
P o r tla n d ....................
Fall R iv e r.................
New B e d fo r d ..........
T o t a l N. E n g.........
C o i c a g o .....................
D e t r o it - ..................

P e o r i a .......................
G'an-1 R a p id s..........

Bay C ity....................
C a n to n ......................
T o t.M .W e s t..........

St. P a u l......................
D e n ver........................
D a v e n p o r t................
Bt. J osep h .............

W ich ita .......
H a s tin g s...................
T o t . o t h 'r W ..........
Bt. L o u is ....................
N ew O rleans............
H o u s t o n ...................
R ich m on d ................
D allas ............
N a s h v ille .................

B irm in gh am .........
K n o x v ille ..............
C h a tta n ooga ...........
T otal Sou th ..........
Total a ll.................
O nU lde N. T..........
M ontreal...................
T o r o n t o ...................
H a lifa x ...................
W innipeg.................
H am ilton..................
T ot. Canada..........

406.401,657
2>,370,l*»o
11,705,462
0.841, 68
0.713,382
5,849,277
5.411,*4
3,730.092
2,471.093
1.773.202
470,238,081

392,792,090
2.3,329 200
10.572.932
6.0 S9.4 73
0,078.198
6,127 913
6,7*1.480
3.046 187
2,779,933
2,115+97
457,8)3, .OJ

-18*2
—5*7
—*8 0
—3*0
—5*0
-4*1
-0*8
—33*1
—17*6
-15*7
-11*5
-0*7
-3 2 3
—13*1
— 13*2
16*1
—21*0
—5*8
—13*8
-15*2

335,452,010
00.012,800
20.017.383
24,315,453
20.-93.302
14,3 iC.rtOO
5, >02.513
8.914,016

306.553,232
56.23 *,000
24,909 4)8
20.V81.234
20,689.2 <9
l i . OS1+03
0,200,041
7.230,0 JO

1.49 >,158
1,300/21
l,12d.5J9
1.118.42)
1,205.130
.806,517
8A0.323
748.782
657.336,001

1,000,8*8
1,205.090
1.151,210
?3l,0o3
1,106 7*31
748 AW
88 7.09?
603.000
629,015.401

—1*0
-10*1
-10*3
—2i.ro
6*0
—29*4
— 17*5
1 14*4
—31*9
—6**7
—0*9

62,227.411
5.639,1*31)
4,87 1.038
4.722.615
2,941,lc3
2,232.409
1.019,196
1,409.903
092.819
2*9,018
70.949.212

63,80 +545
5.072.170
3.971,011
3.030.019
2.084,991
2,001,448
2,4i7,l:i5
1,3)7.404
015,290
536.451
77,307.170

18.897.094 -8*3
33.705.415 —26*7
20,001,711 —11*3
19.49),V21 —35*2
13+40,734 - 1 8 3
0,903,505 -07*0
6.693.< 00 —170
3,933.4-5 +20*7
2,0)6.001 —38*0
1.743.782 -10*7
1,817.983 —23 8
2.105.268, —7*1
301.002 —20*1
2-8.074 t-33 0
101,929,025 -10*2

43.468,091
23,057,607
17,805,. 7u
10,313.033
12,041.109

41.222.4H
22.'•93,87*
20.025.867
13.792,971
11.047.200

0.620.928
4.839,247
2,610,8)0
2.19 .435
2.388.908
2,194,601
305,8)2
205.2* 8)

8,354,29)
4.3S 1,773
3.149.624
2.503,730
2.204.1)9
1,870,999
32. 061
2 0.954
163,645,664

+7*1

4,0 il,825

8.960.8 A

113,689,316 110.5 3.181 +2*8
103,274.439
110,390.714
45,508.487
50.400,6^1 -9*0
50.5 9,602
03.2’ 8.744
28.8-9.88! — 1*9
30,111,779
2S.07w.870
2S.34O.072
13.383.25 )
12.598.980 -t-0‘ 2
12,290.7*4
14,147.050
11,854.2*2
13.091,325 —9*4
15,202.201
11.13* *.000
12,043.0^9
12.368.718 —2*5
9,^91.301
11,319.771
11,129,237
lO.8U.0Ji8 +2*9
12.514,910
10.856.004
8,008,138
8.875,10*
10,784.115 -17*7
8. W 1,309
7.0*4,70*
7.342.2*16 —4*3
5.723.010
5,681,910
5.755.064
6.88*,r>35 —2*3
6.703,ok0
5,102,283
4.941 362
4. 94.76) + l* c
4,715.555
4,274.26'3,914.715
4.917.742 -20*0
4.620.889
4.4 23,800
3.354.894
3,979/24 -11*3
3,628.6 St
5.495,997
3,0*9,050
3.&27.120
3,023.3)0 -16*1
4.952,776
3.587,733
2,370.293
3,05'»,5U6 + 17*6
2.055,*7t> -18*1
1,604,209
1,609,325
1,360.08s
1,971,088
+0*1
1,90 ,3*
1.335.819
1,076,192 —20*3
1.727,782
1,976,582
1,3-2.587 -17*2
1,078,684
2.071.343
1,179,380
990.304
908.400
1.195.52? —1*3
281.877.3Ui 291 364.393 -2 * 0
2)»,ooW.573
270,838 342
4.609,217,475 4,029 402,094 —2 6 4,104.030.743 4,062,100,309
1,919,870,14) 2,007,048.980 -7*1 2,0)9,3o8,8<8 1,887,305,253
43,577,931
31.117.314
5,1 <5.399
5,009.819
2.803.352
87.703.0 5

40,603.309 -0 * 0
33/'95.561 -0*0
6,705,9*1 - 1 0 0
4.977,200 +0*7
3,227,549 -11*3
03,000.093 -0*4

48.370.363
27.961.536
4,9 *7.921
4,067,4' 3
2 .7 2 0 .U '
88.131.331

F e r tablet o f c l e a r i n g * b y t e le g r a p h i e e P a g e ‘-£7 1.

42.790.705
27,217,0* 6
4.9*1,374
4,38*1.346
3.087,570
82.403.007

1897.

1890.

N ew T o r * ...-..........
P h ila d e lp h ia ...........
P itts b u r g ..................
B a lt im o r e ..............
B u ffa lo.......................
W a s h in g t o n .. . . . . . .
R o c h e s te r .................
S y ra cu s e ...................
S c r a n t o n ............
W ilm in g to n .............
B in g h a m to n ............
T o ta l M id d le .......

*
525,710.070
53,722,288
13,018.912
13,001/75
3.451,941
1.569 105
1.219,300
740,170
82d,5-2
582,059
250,000
614,761,008

f
508.4i0.630
50,015.073
13.089,821
14.133.702
3, •)26,428
1,7Lf-,540
1,301.272
9 0 5 /7 8
780,937
693.942
342.900
598.8l8.24S

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

83,695 290
4+89,900
1,8(1,002
1,217.165
1,20*2.-141
1.119,303
1.103,300
705.77*3
573,380
495.825
96,026.457

C h ica g o ......................
C in cin n a ti................
D e tr o it......................
C le v e la n d .................
M ilw au k ee...............
C o lu m b u s .................
I n d ia n a p o lis ...........
P e o r ia ........................
T o le d o ............... •■•••
G rand R a p id s.........
D a y to n ............ .
L e x in g t o n ................
K ala m a zoo.............
A k r o n ................... .
Bay C ity ...................
R o c k fo r d ..................
Springfield, O h io ...
C a n to n ............ ..........
T o t M id. W e s t’r .

P . Gent.

1305

1894.

+3 8
-4*1
-2 7
-7 6
-2 1
-8 * 5
-10*4
-2 2 7
+53
— 19
—25*1
+2 5

*
57),638.980
61.084.01a
12,706.115
13,330.787
3.2
1.537,354
1,492,530
801,100
731 9i0
055 887
2 .2 900
079.u42.9o9

8
450 089.421
63.245.303
11.072.055
12 318,598
3,072.842
1,587 905
1,419 902

70.409.045
4,001,80
2,172,8)9
1.102,207
1,131.3/1
1,487,312
1,008,242
701.111
573,719
417,003
8),»04 .47)

+9*6
-3 7
-1 3 7
-0*5
+11 0
—23 7
+3 3
+ 13*5
+0 1
+18 9
+ 7-5

93 100,080
4.856,Ou0
2.032,3*4
1.300 515
1,338,911
1.147,814
1,005.5 2
005 785
011,1-1
830,642
100.150 77u

7), 195,810

07.790,310
10.721.000
4.29G/40
6.4 "*4,592
3 67*3.105
3,172 5 *0
1 702.773
1,421.462
1,274.5--7
507.012
537,705
255.074
213 818
2.11,01X1
101,914
174.058
131,070
U 7,7o2
101,039.010

7S.807.593
9 819.KJ0
5.304.932
5.071,492
4,205.173
3.151.400
1.048.115
l,H7-,087
1.2)1.9*19
720.249
697,293
238.005
25j. 49)
225,002
224.5b7
182.464
134.754
150.598
114,211.098

—140
-+8 0
—20*0
+S-1
—12*0
+0*7
-12*0
-21*3
+6*8
—21*3
—101
+7*6
—10*3
+4*0
-28*1
-4 * 0
—2*7
—21 8
—1U‘8

79.529.710
ia.oa3,iou
3,082 010
5,6*4.635
4,47\1 "7
2.773 700
1.027.618
1.93c,871

75,464 727

707,204

704,622

837 /47
207.fl 11
183,114
241,0,5
170.009
124,022
148.500
113.523.408

290.976

134,195
107.794
124.121
110,223.421

San F r a n cis c o .........
Salt L ake C it y ........
P o r tla n d ...................
L os A n g e le s ...........
H e le n a .......................
T a c o m a .....................
S e a ttle .......................
S p o k a n e ............. .
F a rg o .........................
S io u x F a lls............
T o ta l P a c lflo ....

12,185.530
1.0)0,811
820,*'02
829,232
482 993
300,2)2
30?,733
439,370
101.208
30.671
10.099,777

11,989,769
1.077.008
1 .290,917
927.435
498.261
073,470
451.301
803,702
135,104
84,889
17.490,972

+1-8
—54
—20*5
-3 8
-3*1
-40*5
—18*0
+21*2
—25*1
—04*0
-4*6

13,032 862
1.020.434
827.314
024,000
64 b, 23 5
479,900
437,0*1
205,648
lOu.060
4 3 885
17.080,844

13.449.419
1.084,837
650,000
883.ICO
820,479
628,848
441.179
316 570
150 380
104 214
18.728,427

K ansas C it y ............
M in n e a p o lis ............
O m aha......................
St. P a u l...................
D e n v e r ....................
D a v e n p o rt................
St. J osep h ............
D es M o in e s ............
8 lo u x C it y ..............
L in c o ln ....................
W ic h it a ...................
T o p e k a .....................
F r e m o n t..................
H a s tin g s .................
T o t . o t h e r W e st

9,843.898
6,870.1'7
4.124 474
2,0.51,390
2.383.520
400,830
1,091,381
0 3.148
390.713
378,544
397,044
395.000
69,338
71,324
28,178.762

9,712,655
7.877,028
4,314.070
4.133.651
2,0)1,97**
1.2.J2.109
1,130.00L
843.2W0
533.198
410,389
426.006
307,123
03.787
59,800
33,775.451

+ i 'i
—3i*b
—0*7
—36*3
-10*1
-02*7
—3*4
-2 0 2
—250
-9 0
-0 * 8
+7*0
-7 0
+ 19*3
-16*0

8,800,000
4,301.480
3.636 210
3.441 101
2,262.923

8,432,855
4,002,100
4,001.680
2.099,106
2,700,600

1,057 701
007.700
468,252
455) 00
640.084
439,981
60,098
65,410
20.450,872

1,673,700
803.904
603 871
604.632
650.340
399 024
75.000
58,000
37,781,810

S t. L o u is ...................
N ew O rleans..........
L o u is v ille ................
G a lve sto n .................
H o u s t o n ................
S a v a n n a h . . .. .......
R ic h m o n d .................
M em ph is.................
A tla n ta .............. . ..
D allas.......... ............
N a sh v ille ................
N o rfo lk ....................
W a c o .......................
F ort W o r t h ............
A u g u s t a ...............
B irm in g h a m ... . . . .
K n o x v ille .................
L ittle R o c k ............
J a c k s o n v ille ..........
C h a tta n o o ga ..........
T o t a l S o u th e rn .

22 055.124
8.834.05?
5.277.397
2,418,851)
2,017.4 34
3.003,040
2 46l 600
1,655,042
1.331,974
1,130,735
1.030.3*2
630,828
083.8/0
595.890
8w5,18 *
306.200
415,117
252,151
199.345
275,000
67.041.987

23.915/44
10.7**6,538
0.215,954
2.010.037
2.290. 00
2.870.050
1.085.5-0
2,021.471
1,814,949
1,120.005
1.027,511
1,23),152
8S4.O30
900,00*i
020.031
414.056
439,113
311.000
281.401
301.097
02.408,150

-5 * 3
—17*0
-16*1
-17*2
—13*8
+0*4
+23*9
-40*7
+1-6
+03
+ 1‘2
-21*2
-22*6
-3 3 H
+ 42 3
-1 0 9
+1*4
—19*2
-2 0 0
-8 * 7
-8 * 7

22.701.883
9.102.190
7,732.l b l
2,741,210
3.040.903
2 01?.724
2,700,073
1,600,* 28
1,102 440
1,123.034
031.587
9 0,95ft
1.23**777
1,200.000
602,823
820.4fe<)

81.241,187
0,667,170
6.610,579
2 462.303
2.537.777
2.087.759
2,290.722
1,737,016
1,05*',015
961,850
905,068
1,* 61,469
606,000
700,000

008 197
300100
530 318 575

1.435,110
1,139 121
1,071.627
1,014 086
061,463
307,391
86.41*8.782

4,642,603
3.887,225
1,691.043

118 860

800,906

821.002
437,58*'
204.904
59,184.382

414 452
239.205
51.730.155

Total all...........

916.247,081

917.695.401

-0*3 1,003.633.944

884 .114,679

O u tsid e N. Y o rk

839.687,O il

411,275.774

—5*3

423991.958

883 626,266

M o n tr e a l.................
T o r o n t o ................
H a ilfs i ..................
W in n it e c ..............

9.823,702
5.833 575
1,021 870
HI 1 7* 3
500.072
400,085
1 +097 wm?

9,305.141
0.388.238
1,023,000
8Hb,0.)7
608,080

+6*0
+8*7
-0 3
—7*o
—10 9

10,020.344
6.073 :i36
007.720
641,951
505.* 93

8,730 144
4.77**984
805.720
869 821
013,879

18 1 *> 110

—1*01

18.400 ’*4•’

]| 9 0 051

Ham ilton...............

S t.J o h n * ...................

Tota* Can art»

* Not Included is. totals.

260

THE CHRONICLE
THE FINANCIAL SITUATION.

The chief incident* of the week influencing affaire
hare been— the reporting back on Monday to the Sen­
ate from the Foreign Relatione Committee of the
general arbitration treaty with eome unfortunate
amendment* which make the rumor highly welcome
that it* consideration at this aeseion is "practically
impossible” ; the announcement of the eale to the
Deutsche Bank and others, by tho managers of the
Bankers’ Syndicate who underwrote the Northern
Pacific's plan of reorganization, of two-thirds of the
Northern Pacific's stock accruing to the Syndicate
through the failure of the original holders to pay the
assessment thereon ; the announcement also of the sale,
to certain banking and investment interests in this city
by the German holders of the Oregon Railway & Navi­
gation Company’s 5 per cent bonds, of the preferred
stock of the new company accruing to the holders of
saul bonds under the plan of reorganization, a sale
which it is expected will result in the establishment of
close and harmonious traffic relations between the
Northern Pacific and the Great Northern and the
Union Pacific Railroad managements ; finally, the re­
duction of the discount rate of the Bank of England
from 3 i to 3 per cent.
The above-mentioned sale of the Northern Pacific
stock, also the eale of the Oregon Railway & Naviga
tion Company’s stock, and likewise the lower mini
mum interest rate announced by the Bank of E gland,
have each had an influence on our fo>eign exctiange
market. We have been informed that the transaction
which we first referred to called for about $5,000,000
to be paid by Berlin and the second called for about
#3,000,000 to be paid by New York. Consequently
these twin transactions have furnished not to exceed a
net amount of about $2,000,000 of exchange which
has already been sold and absorbed by our market.
Probably these transactions and the small movem-m
of capital they caused were an influence in helping to
give the weaker tone and the lower rates which pre­
vailed for foreign exchange the greater part of the
wuk. The lower rate of the Bank of England like­
wise acted in the same direction, for its effect was
anticipated in the lower rates in the opan market
at London, and has taken away, at least for the time
beirg, the last fraction of profit which existed in the
business of purchasing exchange for investment.
It seems to be as certain now as any fact that has noi
yet been officially announced that there is to be an
ext-a session of Congress, and that it will open
about the 15th of March. If Buch a session is to be
called, no doubt the earlier it begins the better it will
serve business interests. This is an event which for a
tifJ)n will probably affect foreign exchange byiicrtas
itig the inflow of foreign goods to secure the advantage
of the lower duties. Indeed our merchandise imports
lave . Inady begun to indicate the coming of a higher
tn iff. We say they indica’ e that because neither
business nor values are in any shape to stimulate an
*X| tiding movement of foreign merchandise to
the United States. It is not impossible that as a
/• -mt there should be someoutflowof gold from this side
befi re summer setsin. If thero is, there isevery rtasen
to ippcse that it will not assume large proportions
and cannot be a’, all disturbing; for we have plenty of
gold ‘ud an ouiflow of the metal at about this time of
the year when exports always fall off is wholly natural.
Beside ?, it is possible that no such outflow will occur.

fVon. LXIV.

Many good judges think it will not; that the earnings
of onr railroads will by that time begin to show better
results and induce foroign buying. When business
begins to move, no industry will quicker feel the im­
pulse than our railroads. Such arrangements as those
announcrd this week and referred to above ensuring
ba*mony in action between tho roads instead of hos­
tility as heretofore are a very encouraging preparation.
The net gold in the Treasury officially reported from
Washington on Friday of last week was $144,522,012.
The amount so reported yesterday was $145,214,238.
Bankers report that a3 the week closes the movement
of currency toward this centre has in considerable
measure subsided, for the moment at least. They also
say that they have been able to place some bank money
this week on call at 2 per cent. It is regarded as prob •
able that the bank loans will show a moderate increase
in this week’s return.
The December statement of earnings of the Penn­
sylvania Railroad is much better than the statements
for the months immediately preceding, and thus it is
evident that business is slowly growing in volume not­
withstanding adverse conditions. Of course the com­
parisons with last year still show considerable
losses, but these losses are much smaller than
they were.
On all lines east of Pittsburg and
Erie the decrease in gross for December is $552,600 and on all lines west of Pittsburg and Erie
the decrease is $627,100. This makes $1,179,700 loss
in gross on the combined system. In November the
loss was as much as $1,934,900. Tne striking feature
this time is that there has been a very heavy contrac­
tion in expenses, amounting on the combined system to
$1,012,500 and leaving a loss of only $167,200 in net.
Tne following is a six-year comparison on the lines
directly operated east of Pittsburg and Erie— the only
part of the system for which we can make such a
comparison.
LlBBS BAST O f
PITT8DURG.

1896.

1895

December.
frross earnings.......
O p erate expen ses.

1
6,192,301
3,554,107

$
6,639,60!
3,939,90:

f
5,153,789
3.604.871

N et e a rn in g * ...

1,638,197

1,699,697

1893.

1802.

1891.

$
6,302.845
3,587,690

1
5,934.923
4,404,247

«
6,796,820
4,234,120

1,548,918 1,715,155

1,530,676

1,562,700

1891

Jan. 1 to Dec. 31.
Gross earnings....... 02,098.677 04.627,177 53.704.293 66,375,223 68,841,845 67.426.S41
Operat/g expen ses. 43.893.019 14,944.309 10,363,744 40.496.015 48,819,362 45,947.445
N et e a rn in g s ... 18,203,668 19.682,868 18.310.539 19,379,208 20,022,488 21.479,306

Quite a good many other returns of earnings for
December have been received this week, and below
we compare the figures on a number of these roads for
" -v
------------- ------December E am irujt.——
1894.
1893.
1896.
1896.
t
1
7
*
Same of R o a d 2.595,847
3.001.613
2.921,800
2,955,052
C h icago Burl. & Q u in cy ..
1,244,597
1,112.800
1,2/4,046
1 350.845
Net
591,960
622,702
575,480
667,566
D enver A R io G ra n d e .. . ...G r o s s
281,258
247.253
237.006
215,879
’. Net
134 028
142,322
148757
167.759
35,303
74.990
51,939
36 797
N et
181,30
160.260
131.344
159.607
Iow a C en tral.......................
70.616
51,867
13.410
62.377
Net
1,674,860
1.767.866
1,710.404
L o u isville <fc N a s h v ille ... .. .G ross 1.854,971
694,981
662.630
671.050
739,388
Net
719,914
1.015,920
901.594
756.447
M exican C e n tra l................
312.490
310.810
201.070
411.796
Net
268.920
298.211
202.838
278.715
N Y. O n tario it W e s t.......
74.574
68,846
68 282
72.541
Net
794.911
984.021
880.254
871,071
N o rfo lk & W e s t e r n ..........
187.826
101.054
314,727
203.988
Net
168,227
184.984
169,084
203,400
Hi# G rande W e s te rn .......
61,743
71,663
49.943
60,705
S et
488,13
502.012
507,258
495.470
t o u t s & San F ran ........
139.883
204 783
215.0-iO
196.685
Net
133.101
160.3 0
132.280
160.199
T o le d o
O hio C en tral..
31.610
36.375
61,444
41.907
N ot
232.765
233,046
251,53$
224.1*0
W e ste rn N. T. it P a .........
57,249
40,297
62.669
66,88$
Not

St.

*

We have this week prepared our statement of bank
clearings for the month of January, and it makes a more
favorable comparison with last year than might have
been supposed possible. The loss for the whole country

F e b b u a b Y 6. 18Sj7. |

THE CHRONICLE,

251

as the minimum. Tne inquiry for short-time money is
small but there is a good demand for periods beyond
four months. Rates are 2 per cent for sixty days, 21
per cent for ninety days and 3 per cent for four, five and
six months. Bmk3 are quite anxious to place money
for any period under four months and they offer liberal
MONTHLY CIEABrSOB.
terms,
but not below 2 per cent. The demand for
Clearings Outside N ew York.
Clearings, leta l A ll.
Month.
commercial paper is fair and the supply good, with in­
1896.
1895. \p . Cl
1895. P .C t.
1890.
dications of a little firmer rates, and if these should ad­
Z
Z
t
Z
34,408 4,562,547,644 — 4’4 1,853,344.718 2,035,280,149 — 7*6 vance doubtless more business would be done. Quota­
J u ly ............ 4.363,7
3,551,552.303 4,138,315,716 -14-2 1,580,390,199 1,821.502.672- 1S-J tions are 3 per cent for sixty to ninety day bills
A u gu st.
,701,800,057 4,L75.215.505 — 11*3 1,638,825,864 1,802,235,496! - 9*1
Septem ber. 8
3d q u a r... 1
1,017,146,70812.876,078,865 — 9*8 5,102,500,781 5,659,018,316: — 9*8 receivable, 3 f @ l per cent for first class and 4@5 per
.594,555.715 5.231,792,576— 12*3 1,980,739,13* 2,303.173.810-14 0 cent for good four to six months single names.
O ctob er ... 4
76.035 4.739,193,703 - 2*8 1,921,935,491 2,14*,997,450
N o vem ber. 4,606,1
Two events of importance were announced this week.
.207 5,075,378,431 - 7-2 *2,051.092,108 ?,105,486,3971— 5*3
D ecem ber.. 4,707,631
The
cable on Thursday reported that at last the for­
5
,
9
5
4
,
0
6
8
,7
3
7
6
.
6
1
4
.
6
4
7
,0
0
3
1
0
*
0
1
5
,
0
5
1
.
3
6
4
,7
1
0
7
*
6
3,910,662,957
4th quar. 1
1996.
1897.
189$.
1897.
eign
representatives at Constantinople, acting in
€
z
*
«
62,69* — *2*6 1.919,H70.t43 2.067.048.080 — 7* complete accord, have concluded a scheme of Turkish
17,475 4.629.4
Jan uary .. 4.509,2
Looking at the returns for the sepa ate cities, it is reforms and have agreed upon potential coercive
found tba New York, Boston and several of the other measures,
the ratification
of which by the
New Eng a d points actually show improved clearings cabinets
of their governments they are now
and tba' it is owing to this fact that the comparison for awaiting. It is also announced that the plan
the country as a whole is so encouraging. At the for Cuban reforms was signed by
the Queen
Wes ern and Southern points there are general losses; Regent of Spain on Thursday, and the cable reports
in most ca-es, too, the losses are pretty heavy.
that there was some buying in London of Spanish
J A N U A R Y B A N K C L E A R IN G S A T L E A D IN G C IT IE S .
securities for Paris account iD the expectation that
1000,000#
1897. 1896. 1895. 1894. 1893. 1892. 1 891. 1 8 9 0
the Cuban troubles will be speedily ended. The Bank
*
omitted.)
$
8
*
$
$
*
$
S ew Y o r k ... 2.589 2,562 2 ,395 2 ,163 3,561 3 ,519 2 ,957 3,274 of England’s minimum rate of discount was reduced
367
465
394
346
296
318
389
385
C h ic a g o ......
on Thursday from 3$ per cent, at which it had stood
406
393
440
4 25
423
391
480
465
Bouton...........
310
305
296
257
356
325
263
303
since January 21, to 3 per cent. September 10 1896
Philadelphia
116
105
115
93
98
114
111
95
8t. L ouis. . . .
there was an advance in the rate from 2 to 2$ per
52
54
70
66
70
56
60
f6
San Fran’ oo.
62
61
67
66
73
72 |cen t; on the 24th from 2$ to 3 per c»nt, and on
66
67
B altim ore...
64
53
69
57
03
59
86
68
P itts b u r g ...
October 22 from 3 to 4 per cent. On January 21
60
56
69
57
53
63
59
Cincinnati...
50
46
51
53
62
53
69
71 it was reduced from 4 to 3$ per cent a '.d now we have
50
New Orleans
41
4>
41
45
49
43
36
39 a reduction to 3 per cent.
Kansas City
The cable reports
31
32
29
30
28
37
38
28
L ouisvU l*...
discounts
of
sixty
to
ninety
day bank bills in
20
14
12
12
17
19
13
17
Bailalo..........
24
31
26
19 London I f per cent.
25
34
23
33
Minneapolis.
The open market rate at Paris
21
21
30
27
25
20
39
M ilwaukee..
20
is 1$ per cent and at Berlin and Frankfort it is 2$ per
24
25
21
23
28
35
28
28
Detroit ___
23
According to our special cable from London
25
22
25
26
26 cent.
Providence..
27
2>
20
20
21
34
25
Om aha.........
18
18
18
the
Bank
of England gained £201,886 bullion during
22
27
24
21
24
22
26
27
C leveland ...
19 the week and held £37,307,998 at the close of the
12
12
Denver..........
11
13
23
21
18
21
14
24
18
18
St. Paul........
13
19
16
week.
Our correspondent further advises us that the
T otal.......... 4,216 4,337 4 ,142 3 .8 1 6 5 ,662 5 ,101 4 ,7 0 7 5 ,0 1 2 gain was due to the import of £109,000 (of which
263
292
242
201
Other cities..
262
237
290
251
£85,000 were from Egypt, £15,000 from Australia and
Total a U ... 4,509 4 ,029 4 ,4 0 4 4 ,053 5 ,942 5 ,852 4 ,949 5,243
£9,000 from China) and to receipts from the interior
Outside N .Y . 1.920 2,067 2,009 1,887 2,381 2 ,103 1,992 1.969
of Great Britain reaching £93,000 net.
On the Stock Exchaoge dealings in share properties
The foreign exchange market has been irregular and
were very small, as will appear by the following :
lower
the greater part of the week. The inquiry for
<ULB% * 9 RTOOKS * T T*T“! H I V Y ^ R K S T O C K B k O R A N G B
long sterling for investment appears to have ceased, the
1896.
1895.
low discount rates in London making such operations
Values.
Values.
Month Num ber
Num ber
unprofitable. Bankers say that there have been no
o f Shares
o f Shares.
Par.
Actual.
P a r.
A ctu a l.
offerings of maturing sterling, and it is quite
Z
Z
Z
Z
have been
J u ly .... 6,665,981 527,591.250 354.384,282 5,849,466 661.238.250 342.847,860 possible that more of these bills which
A u gust 4 267,811 412,967,675 268,716,029 5.269,019 490.170.700 337.336,23
Bept.... 4,674.2(* 431,796,550 274,216,366 6,823,840 628,792,600 810,601,277 carried here have been sent to London for payment.
3d qr. 14.398.000 1,372,368,476 897,316,077 17.942,325 1,630,201,460 990.784,36® The range for posted rates on Mondey was from 4 85
O c t . . . . 4.931.438 456,713,360 312.921,847 6.250,676 492.830,800 302,070,210 to 4 86 for sixty day and from 4 87$ to 4 88 for sight,
N o v .... 6,89 *,298 564.269,050 330.104.581 6,049.900 466,003,4 Oo 294.484,624
D e c . . .. 3JJ71.079 867.332.600 240,344,974 6,944,024 036,300,250 410,718,250 there being no change compared with the range on
of last week. Rates for actual business
4th qr. 14,701,815 1,368,314,900 883,371,402 17,244,599 1,693,134,460 1,018,273,084 Friday
closed on Monday one quarter of a cent lower than
1897.
1896.
Jan
8,°65 412 823,774.750 208.687.4 72 4.636.612 417.301.660 260,445.665
on Friday for long and short sterling, at 4 84$
Money on call, representing bankers’ balances, has @ 4 84$ for the former and 4 86$ 'A 86$ for the lat­
loaned this week at 11 and at 2 per cent, though gen­ ter, while cable transfers were half a cent lower at
erally at II and at I f per cent, averaging about I f per 4 86$@4 87. The tone was weak during the day bat
cent. Banks have made liberal offerings at 2 por cent steady at the close. On Tuesday the range for posted
early in the day and in some cases have succeeded in rates was from 4 85@4 85$ for sixty day and from
placing small amounts. Liter in the day offerings at I f 4 87$@4 88 for sight, and the market was steady
and 11 percent have more than supplied the demand and without change in rates for actual business. On
the market has generally closed at the last-named rate, the following day the tone was easier though not qnot­
though in a few cases banks have then been able to loan ably lower. On Thursday the only change made was
at 2 per cent. The trust companies quote 11 per cent an advance by Brown Bros, in the sixty-day rate,
is only 2'6 per cent, though outside of New York the
decrease is 7-1 per cent. It must be remembered, too,
that the reaul s this year are based on one less business
day, there having been five Sundays in January 1897>
against only four in January 1896.

THE CHRONICLE.

252

5k while the range for
which was then uniform at
the market was quoted
iight was 4 87} to 4 88, i~, , .
. j .
u
i t i v u r o s for actual business
steady to firm at unchanged.«*<UI
“ t onl
and 4 87$.
Yesterday
all bankers quote* 4 S5*
ter day ai
IKEIOH EXCHANGE.
DAJEI*T

Mon., rF.\! w*o„
m. h Feb. .
85
85 s
*7* 87*
89
l»H
88
S?H 1
B&H m i
§
8
88
i M mu.
8514 S5H i
jf 60 days.
Batik o f
8
8
8
8
! 88
Montreal. . . . . .
CteOAdiMBilskUk
ft
ft
■at Co.fn«cifKr®eu. g-ljEltt.. . m
$m
H«i4oitviM*a, tek- 60tiny*
87*
Sst&aimar It Oo, i Stelat-. . g*
ft
86*
60days 89
4 IPwarea... ] Stent...
87*
m
ft
MettfcMMst**Bk. i <w
i*
ft
Canada-.,♦««<Stela

‘ >F*a«.?s-o
j-/
j 85
•K5WE « r o » ------- | sw,at..
1 87«
INM
wa
iS
it*
wausi 4 Co-,, ImgSL gg
(60 days.
BAnJl Bittisft
jgpi
f fe . A m e r fe * ..

KlU..
JW>. 5.

rvoL. L x iv

of his ability and cap tcity that during the longterm

of his presidency it maintained this pre-eminence a id
even increas d it. Scott and J. Edgar Thomson of
course created the system, and to their genius the
Pennsylvania Railroad' owes much. The two man, as
we have pointed out on some previous occasions, were
admirably adapted to supplement each other’ s gifts,
Thomson being excellent in planning, Soott iu execut­
ing. Thomson was, perhaps, not less daring than
Scott, but the spirit of conservatism was more fully
developed in him, and no doubt he ofoeu held Sco .c in
check. It was under such chiefs that Mr. Roberts re­
ceived his training, and possessing administrative
qualities of a high order he steadily advaiced from one
Dosition to another, haviag entered the service of the
3 d as a rodman in 1851, which sufficiently attests the
rot
, ,
ciia’acter of the man. But we need hardly say that it
.
‘ ' Jiing to do excellent work under the gu'dance
,
‘ quite another thing to map out and define a
.
.. v for one s self. In Mr. Roberts case, too,
hne of p o l i c y - , hjd to bi met

The market closed steady on Friday at 4 85} for
silty day and 4 87} for sight. Rates for actual
business were 4 84}@ 4 84} for long, 4 86}@ 4 86}
for short and 4 86}@ 4 87 for cable transfers. Prime
commercial bills were 4 S4@4 84} and documentary
new reqn ire men u->>L A(j the incumbency of the Preai4 S3}@4 83}.
Mr. Rdoerfcs assume*_
.
...
*
, ., a, . , OOA
ccount of tne ill health, o f
The following statement gives the week’s movements dent
s office m 1880, on ab ,
Tha3 he w „ th ,
of money to and from the interior by the N. Y . banks Scott, who died the next y e a r / u ^
iod of ,warl
ecutive
head
of
the
enterprise
m
. ..
R eceived by Shipped by
N et In te rio r
W u k E n din g Feb. 5,1887.
. , .
•>respects the mostI f. r . Banks. N . T . Batiks.
M ovem ent.
seventeen years— a period in some* . ,
m
. . . $ 5 ,511,000 $ 3 ,423,000 G aln .$ 2 ,0 8 8 ,0 0 0
C a rreG oy . . . ..............................
trying
in
the
history
of
the
railroad
\
‘
,
,
3 8 3 ,0 0 0 G ain.
9 7 ,0 0 0
-180,000
« o i a ..............................................................
f
,
arity whe i hecountry
was
in
the
midst
of
great
prospkf
,
,
T o t a l g o ld a n d le g a l t e n d e r s ..... $5 Y ) l , 000 $ 3 ,806,000 G ain l$2 ,185 ,00 0
took the Presidency, the resumption
Result with Sub-Treasury operations, etc.
ments the year before haviag infused new lii, Q^ stiort
O ut of
N et Change in
In to
W u k find ing Feb. 5.1887.
our industries. Bat this,7 as we know,’ was 3T6 con—
Banks.
Banks.
B ank Holdings.
duration, and pretty soon the trank lines wi alaj.ed
B a a k s ’ In te r io r m o v em en t,a s a b o v e $ 5 ,991,000 $3 ,8 0 8 ,0 0 0 O-Bta.H-a, 185,1100
fronted with trials and struggles fell it were calc ^ g j ^
S o b -T r e a s n r y o p e r a tio n s . . . . . . . . . . . . 15,200,000 1 6 ,800,000 L o ss. 1,800.000
T o t a l g o ld and leg a l te n d e r s ........ #21 ,1 0 1 ,0 0 0 $ 2 0 ,8 0 6 ^ 1 0 Qaltt. ” $58 5,00 0
to test their strength to the utmost. Thus a
^
ent order of talent wa3 required from that
^
Amount of bullion in principal European banks.
distinguished those great giants— Thomson and fc, ^
Feb. 6, 1899.
Feb. 4, 1897.
of the Pennsylvania, Oornelius Vanderbilt o f 1,".
Bank o f
Gold.
Silver.
Gold.
Stiver.
T o ta l
Total.
New York Central, and John W. Garrett of the 1
on£
£
£
£
£
£
tim
ore& O iio—-in the period when they were
X n g la n d ...... 27,307.988
. . . . ... 37.307.038 48,595,^83
48.595.689
Vtmnoe______ 76,440.918 49,232.105 126,673,081 77,469,220 49,632,962 127,102,182
trolling the destinies of their respective systh ,
14,984.810 43,809,450 31,616.960 15.573,040 47,188,0 >0
G sm a a n y ...
A fiit* -H n n g 'y 30,333,GOG 12,644,000 *2,977,000 24,850,' »O0 12,695.000 37,515,fO0 and were contesting for
mastery. In those ea:^
8,528,000 D,3S0,tXH 19,908,000
8|»Ju . . .
.
8,004,000 10,201,000 18,205,000
days
aggression
and
expansion
were the watc.
9,491,000
3.106.OOC' 6,849,000
H eUierland#
«*938,00c 9,868,000
0,955,000
aN at. B elgium .
2,724,607 1,362.833
4,087,003
2,666,000 1,333,000
3,999,000 words.
In this competition and rivalry the Penney
TOt-tlU. . H I 18T.S88.S15 00,111.251 283,813,400 198.306,809 98.283.002 292.589,871
vania retained its pre-eminence as the foremost systeiT
r o t .o f e T , i r ', 187.293.739 85.03S.aa7 282,348.570 195,111.931 95.779,633 290,801.587
of the time. But its future was by no means fre
from doubt. After the panic of 1873 there came PRESIDENT ROBERTS AND THE
trying period for the trank lines.
The Pennsylvania}
PENNSTL FANIA RAILHOAD.
especially, felt the pressure and strain. It had been
The name of President Roberts, whose death oc­ rather more venturesome than the others, taking1
curred last Saturday, will always remain intimately larger risks and assuming heavier burdens.
The
associated with that of the Pennsylvania Railroad, doubts and misgivings of that period found expression
no less intimately than the names of Thomas A. in the appointment in 1874 of the celebrated Investi­
Scott and J. Edgar Thomson. This is so not be­ gating Committee, whose report forms one of the
cause .Mr. Roberts gave his whole life to the service classics of railroad literature.
The company subse­
of the road, but because he possessed in an eminent quently had to reduce its dividends, and in 1878 paid
degree just the qualities needed in the executive head only two per cent. The Baltimore & Ohio, on its
of the enterprise during the years when he adminis­ part, came down from 10 per cent per annum to 8 per
tered its allairs. We question whether during those cent and paid the dividends part of the time in scrip.
years any one better qualified for the task could have The New York Central continued 8 per cent cash
been found, and we are confident when the history of payments throughout the whole period.
this wonderful undertaking comes to be written :t will
As already said, when Mr. Riberts assumed the
be acknowledged that to George B. Roberts belongs executive duties tho company had passed safely through
much of ihe credit for its strength and the unimpaired this somewhat critical period in its history—-the coun­
prosperity which it maintained at a time when so try, and the railroads with it, had entered upon a fresh
many other l«rge railroad undertakings suffered so career of prosperity. But new problems quickly began
severely and some succumbed altogether.
to present themselves. We shall see presently how
Tne Pennsylvania wa3 a great railroad system when Mr. Roberts met these problems. First, however, it
Mr. Roberts succeeded to control— then as now in should be noted that the Pennsylvania owes much to
some respects the greatest in the world. It is evidence 1him for the safe and conservative policy which he pur-

F f b b u a b y 6, 1897.J

THE CHRONICLE.

253

Hence while a spreading-out process, which
sued in the conduct of the proparty. Oue of the ers.
questions that must have come up very early iu his would have given the system merely a vast aggregate
management was whether, now that prosperity had of mileage a id nothing else, was rigidly discounte­
returned, the old policy of aggression and expansion nanced, it is yet true tt at the extent of the system
should be resumed and the confines of the- system fur­ was very greatly increased under hi3 management, aud
ther extended, or whether the company should strictly it now embraces about 9,000 miles of roa i, against
limit itself to the old domain.
The
Investi about 6,000 miles at the beginning of 1880.
gating Committee already referred to had recom • In acquiring the alditional mil a*e large sums of
mended that the bounds of the system be not money of course were necessary, and at the same time
extended. On the other hand, Mr. Roberts, as we have hi avy outlays were required for second track, equip­
seen, had been brought up under Thom-on and Sso t ment, 8iding3 and other essentials. Thus the capital
and had their example in favor of a policy of expan account of the company was very grea ly increased.
sion. Entirely apart from this, however, the tempta One evidence of this is found in the fact that the
tion to pursue such a policy must have been very great. stock is now almost 130 million dollars, while ia
Iu
It was an era of consolidations and expansion, when 1880 it was not quite 69 million dollars.
everything was prospering, and when railroads appeared other words, the company ha? 61 million dol­
to be mines of wealth; and the scene of activity was lars more stock on which to earn a return
chiefly in the West, beyond the boundaries of the besides having to provide for the increase iu interest
Pennsylvania system. New railroad confederations of and rental cha'ges which has occurred. B it this hap­
gigantic size were being created over night, and even pened a", a time when the conditions as to rates were
the smallest lines were reaching out into new territory. becoming steadily more unfavorable, making the
It seemed almost certain that at least in point of mile­ situation dom ly trying. On the lines east of Pittsburg
age the Pennsylvania would have to yie'd up first and Erie the average received per ton psr mile in 1880
place to some of these new combinations unless it, too, was 9Y8 mills; in 1895 it was o ily 5’63 m ils. The
joined in the general movement. Then also the owners profit per ton par mile dropped from 3 78 mills ia 1880
of its most powerful rival, the New York Central, had to 1'66 mills in 1895. In other words, in 1395 it took
large interests in several of the systems west of Chicago, two and a-quafter tons of freight to earn the same
affording plausible reasons, if such had been desired, amount of money net a3 wa3 yielded by one ton in 188(H
for extei ding the interests of the Pennsylvania in the The extent to wnich the traffic wis develops! to over­
come this loss in profit may bo judged from the factsame direction.
Under these circumstances a man of different tern that on these lines ea3t of Pittsburg and Erie 8,152
perament than President Roberts would almost cer million tons of freight one mile were carried in 1895,
tainly have been led into ventures that might have against only 3,239 million tons in 1880.
jeopardized the strength and greatness of the Pennsyl
T ie latter circumstance shows how successful the
vania system—enlarging its mileage and territory, management was in meeting the aew conditions. An­
while imperilling its security and prosperity. We may other fact shows this even more charly : Through the
go further and eay that very few persona situated as Mr. whole of the period of depression since the pa iic of
Roberts was, no matter what their strength of character, 1893, which depression the Pennsylvania felt more
would have found it easy in contemplating the general severely than any other system because it runs through,
policy of agg andizement which then prevailed in the the heart of the coal and iron districts, where the de­
railroad wot Id, and having at their command the Penn­ pression was most pronounced,— through the whole of
sylvania’s large resources, its splendid credit; and its this period the company has been able to maintain five
wonderful earning capacity,— would have found it per cent dividends on 130 millions of stock. Ic wa3
easy in such conditions to control their enthus asm able to do this even in 1894, when the gross earnings
and refrain from lea ling the Pennsylvania, too, on the entire system ea3t and west of Pittsburg fell off
into a new policy of conquest. We question whether no less than 16£ million dollars a3 compared with the
Scott himself ha I he lived would not finally have year preceding. The dividend did not come out of
yielded to a desire to extend the system on to the accumulated surplus either, but was earned iu the year
Pacific coast. Yet Scott while aggressive was by no in which it was paid. We may note, too, as showing
means reckless. President R iberts wa3 eminently con­ the high credit mainta ned by the company through it
servative and was never lured by visions. He n-cog all that in 1895 ic floated a sterling loau bearing only
nized that success lay in developing the territor. already
percent interest a - par. How different the experi­
acquired rather than in branching out into other t-r- ence of some of the other systems has been under these
ritory, and he wa never disposed to give favorable trying conditions appears from the fact that the Erie,,
considera ion to propositions looking to the crossiug its most immedia e competitor on the north, has but
by the Pennsylvania of the Mississippi River, which recently emerged from insolvency, aud tnat the Balti­
has always marked the western boundary of the sysrem. more & Ohio, its most immediate competitor on the
That this was, on the whole, the wisest policy to pursue south, is still in the throes of insolvency.
must be evident to every one who refl ices how poorly
Such is i be record and achievement of President
all the traas-Continental lines in the W st have fared, Roberts— aided of course by his able lieutenants^
and what tremendous losses nave bean incurred through Wheu one l"oks back over the history of the property
the failure of so many of these lines.
o..e is forcibly impressed with the fact that the PennThispclicy was best also in view of the new conditions Bvlvania through its whole history has been very
which arose in the territory east of the Mississippi. foriuna e in its chiefs. It was the genius of
Mr. Roberta's plan, as stated, was to develop to the J. Edgar Thomson and Thomas A. Scott that
utmost the opportunities for business within that area, crea ed the system, it wa3 the high talent of
which was the Pennsylvania’ s legitimitu domain. In George B. R berts that preserved and perfected
pursuit of that plan it became necessary to acquire it. The sa ue good fortune seems now to have
some new lines and considerable branches and feed-^1a.tended it in tne selection of Mr. Frank Thomson as

254

THE CHRONICLE.

fVoL. L X I7 .

always possible in arbitration of ptcuniary cases, an
outcome which would never have been possible under
the original agreement. The third opens the way to
withdrawal of any pecuniary case from arbitration at
the will of either party, and at any time during the
progress of the arbitration.
The comment of the
London press on these amendments to the treaty is
that they “ have left it valueless,” that they “ exclude
every question of real importance.”
With this
judgment, in the main, we regret to say that
we agree.
The treaty as amended will still, by
the mere fact that permanent machinery existB
for arbitration, afford a means of delaying action,
of encuuragiDg sober second thought, and of
A R B IT R A T IO N A N D THE SENA TE.
allowing angry passion to subside.
This alone
After four weeks’ consideration of the arbitration is an advantage cot to be under estimated. But there
treaty the Senate Foreign Affairs Committee has is not the least assurance in the amended treaty that
reported the treaty to the Senate with amendments. an administration would not begin with a refusal to
During this period of deliberation there has been a employ the court of arbitration. No power could
notable demonstration of public opinion in favor of force the administration’s hand. The treaty as laid
the treaty. Appeals for ratification have been pre­ before the Senate required that the Executive, in such
sented from numerous commercial and religious a case, should at least try arhitiation first. The treaty
bodies, from a very large number o f private as amended carefully provides that if he choose, he
citizens, by enrolled petition or otherwise, and need not try it. We are therefore driven reluctantly
from several State Legislatures approving by formal to the conclusion that the Foreign Affairs Committee
resolution.
Pablic
sentiment, in
short, has hasuDdone nearly all of Secretary Olney’s work.
It appears, from what can be learned of the Senate’s
expressed itself emphatically; an
exceedingly
wholesome sign of the times. A few of these peti­ proceedings in the matter, that two elements of oppo­
tions have doubtless gone too far in upbraiding Sena­ sition to the original treaty have existed. One of these
tors for not voting assent at once. In a public matter factions is opposed to the treaty as a whole, and wishes
of such magnitude, careful and reasonably prolonged to repudiate the entire negotiation. Such, at least, we
deliberation is entirely proper; indeed, the Senate’s aesume to be the fact from last Saturday’s division in
function as a ratifying body imposes deliberation as a the Foreign Affairs Committee, when a minority o f
duty. Sach tone of protest as existed had its origin, four—Senators Morgan, Daniel, Cameron and Mills—
we believe, less in impatience over the mere fact of de­ voted against reporting the treaty to the Senate, even
lay than in misgiving over rumors which were circu­ as amended. The second element of opposition con­
lated regarding the Senate’s alleged purpose to suppress sists of Senators who regard the treaty as commit­
the treaty. In any case, even the appeals which over­ ting the United States Government too far, and as
stepped the limits of good judgment served to empha­ not beiDg surrounded with sufficient safeguards. The*
objfctions of these Senators are reflected in the amend­
size the verdict of the people.
The treaty, then, has been reported, but with ments which we have already noticed. It has also beea
amendments which restrict materially its scope of intimated, chiefly in newspaper dispatches from the
operation. The essential alterations are three in num­ Capital, that some Senators oppose the treaty simply
ber. First, the agreement of the governments under because of hostility to the Administration. This sug­
the original treaty to arbitrate “ all questions which gestion we are unwilling to believe. There is undoubt­
they may fail to adjust by diplomatic negotiation” is edly a considerable element, in both houses of Con­
narrowed by the new proviso so that no questions af­ gress, which harbors more or less feeling of resentment
fecting foreign or domestic policy, or the relations of against the present Administration. Tnis is particularly
either party to any other State or Power, by treaty or true of the free-silver-coinage Senators, whose legis­
otherwise, shall be thus submitted. Second, the origi­ lative good-will the President has certainly been,
nal agreement, that when arbitrators in pecuniary cases at no pains to win.
But we should be loath*
fail to choose an umpire such choice shall be rele to think that antagonism on a domestic fiscal question
gated to the KiDg of Sweden, is stricken out, could lead a Senator of the United States to stand in
leaving no provision for settlement in case of the way of international peace, simply because the
deadlock. Third, the original agreement that pecuni plan proceeds from an Administration which he per­
ary cases, when the arbitrators vote on motion that sonally dislikes. Such a motive would be worthy, not
principles of general importance are involved, may be of a statesman, but of a peevish child. It has also
referred to the highest court of arbitration, is so been suggested that a portion of the Senators wish that
amended as to authorize either Power, “ at any time such credit as may be derived from a successful
before the close of the hearing,” to declare that grave arbitration treaty may inure to the next Adminis­
general questions are involved, aDd thereupon to with- tration.
Obstruction based
upon
these
mo­
draw the case from arbitration.
tives we do not
believe exists. It
would
The practical <ffect of these amendments is easy to be not only wrong but silly. Whenever this treaty is
discern. The first renders it feasible for either execu­ at length approved, and in whatever form, the American,
tive to refuse an arbitration on the plea, of the pro­ people will award the honor justly. The public man
priety of which that executive alooe is judge, that who eventually forces ratification will be properly
questions of “ home or foreign policy” are involved. esteemed and praised; but the credit for the inception,
This plea might readily be advanced in any case which negotiation and completion of the work will rest then
could arise. The second amendment makes deadlock as t rests to-day, on President Cleveland, Secretary
the successor to Mr. Roberts. Like Mr. Roberts, Mr.
Thomson has “ grown u p ” with the property and for
many year* has had a very active share in its manage­
ment. Mr. Roberts had the faculty possessed by all
men of great administra'ive talents of surrounding
himself by persons of high ability and of impressing
npon them hia views and individuality. Frank Thom­
son, John P. Green, Charles E. Pugh, and others that
might be mentioned, are all individuals of that order,
lienee we are justified in saying that the same policy
which controlled the Pennsylvania management while
Mr. Roberts was alive will dominate it now that he is
dtad.

FFBKrABY6, 18b7.J

THE CHRONICLE.

-Gresham, Secretary Olney and Sir Julian Panncefote.
There is one argument, however, which has unques­
tionably played its part in the emasculating work of
the Senate on the treaty. The theory that Great
Britain will somehow get the advantage of the United
States in the proposed arrangement has been publicly
advanced. Some quoted remarks, from sources by no
means irresponsible, have gone so far as to intimate
that the whole negotiation is a trap contrived by
artful European diplomacy from which it is the
Senate's privilege to save the country. Had such
a theory originated only in random newspaper
discussion, we should be disposed under the circum­
stances to treat it with entire neglect. But it is
fathered in more responsible qaarters. Precisely this
suggestion has been ascribed in published interviews
to Senators who will have a vote upon the measare.
It may have influenced the geaeral opposition to the
treaty as at first proposed. We certainly do not know
wbat else could have induced the votes cast in com­
mittee against the entire scheme of arbitration.
In order, therefore, that the character of this argu­
ment may be properly understood, it is needful to
notice briefly the negotiations of which the pending
treaty is a product. The diplomatic correspondence
opened on February 27 of last year with a note from
Mr. Bayard, our Ambassador at London, to Lord
Salisbury.
This note and the British Ministry’s
reply on March 3 had reference to the Ven­
ezuela dispute, and did not discuss the prob­
lem of general arbitration. Two days afterwards
however, the British Government carried the matter a
step further, and the Premier instructed Sir Julian
Pauncefote, Minister at Washington, to re-open the
negotiations for a general arbitration treaty, which had
been interrupted in May ls9o by the death of Secre­
tary Gresham. It will thus appear that although,
through Mr. Gresham’s urgent labors in its behalf, the
scheme of general arbitration originated with the
United States, Great Britain made the first move for
the resumption of the discussion.
Briefly summarized, Lord Salisbury’ s proposition,
through his Minister at Washington, was as fdlows:
Each Power wa3 to appoint as permanent arbitrators
two or more judicial officers. In every arbitrable case
each Power should select as its arbitrator one of these
permanent officers, the two selected arbitrators to choose
an umpire. To this umpire all questions on which the
arbitrators disagreed should be referred, and in default
of their agreement on the general question the umpir ’s
finding sho Id be final. Under the juris fiction of this
court of arbitrators should be placed all pecuniary
disputes, with, however, this reservation : that claims
involving a greater sum than £100,000, or involving
territorial rights and jurisdiction, snould, on the
appeal of the G >vernment against whom the award is
found, berevbwed by a special board of three Supreme
Oourt Judges of Great Britain and three from the
United Stat s; but on such appeal a maj irity of five
to one in the court of six was to be required to over­
rule objections. Moreover, the Salisbury scheme of
arbitration closed with this significant exception:
“ Any difference which, in the judgment of either
Power, materially affects its honor or the integrity of
its territory, shall not be referred to arbitration under
this treaty except by special agreement.”
The text of ihig closing reservation of Great Britain
is especially interesting, in view of the intimation that
the binding provisions of the treaty as concluded were

255

a diplomatic trick. How far such allegation has a
reasonable basis may be judged from the heads of the
English proposition as we have summarized them.
Tne Senate Committee, by its alterations in the con­
cluded treaty, reverts almost exactly to the original
proposition of the British Government.
Both the
Foreign Affairs Committee in its recent action, and
Lord Salisbury in his preliminary plan, agree
that an indefinite number of cases may, at the A d ­
ministration’s will, be excluded from the court of arbi­
tration. The Senate amendment stipulates that “ no
question which affects the foreign or domestic policy
of either of the high contracting parties * * shall
be a subject for arbitration under this treaty except by
special agreement.” Lord Salisbury’ s note suggests
that differences affecting national honor or territorial
iutegrity “ shall not be referred to arbitration under
this treaty except by special agreement.” The very
phraseology is identical. The British Premier, who
was believed last summer to have been forced by pub­
lic sentiment into the final agreement on the matter,
would be justified in indulging in some mirth over the
talk of “ English trickery.”
The weakness of the Salisbury plan of arbitration,
shared by the pending Senatorial amendments, was
clearly discerned by the American Administration. I n ­
definite exceptions such as Lord Salisbury proposed,
Mr. Olney pointed out, placed in the hands of the ex­
ecutive of either State decision a3 to what disputes
were arbitrable. Either administration would be at
liberty, at any time, to object that national honor was
involved in any case at issue, and a partisan adminis
tration, Mr. Olney bluntly added, “ is liable to view
the honor of the country as not distinguishable from
the good o f the party.”
Holding this view, the Secretary replied on April
11 to Lird Salisbury, proposing that all disputes, of
whatever character or magnitude, should be defined as
arbitrable. If a case were to be withdrawn from
arbitration, it should be so withdrawn, not by the
executive, but by Parliament or Congress. Further­
more, Mr. Olney objected to Lord Salisbury’s stipula­
tion of an appeal at will to a high tribunal where a
vote of five to one should be required. T e Secretary
argued that such privilege of appeal signified virtually
the power to overthrow any award in arbitration with
which either government was dissatisfied. The Secretary
urged, therefore, that territorial cases, if appealed as
suggested by Lord Salisbury, should be decided by
a plain majority on appeal, not by a stipulated vote of
five to one.
This arrangement the Biitish Gov­
ernment refused.
Lord Salisbury insisted on
the requirement of a vote of five Supreme Court arbi­
trators out of six. This was in the end conceded by
the American Administration; by way of compromise,
however, England’s negotiators agreed that with this
very grave res’ riction, all cases, territorial ->r otherwise,
should bo submitted to the court. We have hitherto
expressed our own opinion that the five to one require­
ment, shutting out fioal judgment unless i wo arbitra­
tors out of three should vote against toe case of
their own nation, is so exacting ns to give
rise to doubt whether the arbitral ion plan, in
a really serious case, would work at. all.
Similar
doubt was suggested indirectly in the President's mes­
sage of transmittal. The notion that sunmission of
delicate disputes to a tribunal thus rc-s'ricred would
endaogar national security and honor teems to us
Quixotic in the extreme. The Venezui la boundary

256
.. ?%ssz., ; ,

THE
^ ......... ... -

CHKONJCLE.
— — -

question, over which hot-headed public men were
ready to go to war a year ago, has already been referred
to an arbitration board far less restricted in its scope of
action than the proposed judicial body of the treaty,
and the event is h died as a safe and proper settlement.
But the notion that the court could not be surely trusted
i* logical compared with the idea that the British
Ministry deluded the American negotiators into a
treaty where the interests of the United Spates were
ignorantly jeopardized. The brief recital of facts
wmicb we have made from the official record proves
that the binding provisions of the treaty as submitted
to tbe Senate were the work of our own Administra­
tion, which overruled the reluctant policy of the Bagfull Premier. Had the policy of the American nego
tiators prevailed in all respects, the treaty would have
teen more binding even than in its unamended form,
f any party to the whole negotiation has served the
wishes of the English foreign ministry it is not the
State Department, but the Senate,
The present situation of the treaty negotiations is in
fact not at ail a matter in which the country ean take
pride. Wo are placed, for the time at least, in the
position of a government which for three years has
solicited a practicable pledge of amity, which has with
much trouble persuaded foreign negotiators to accept
its terms, and which now, in the eleventh hour, v eject
the very stipulations for which its agents have all along
been arguing. As Ex-Senator Edmuuds, a very high
authority on such questions, intimates in a communi­
cation to this week's “Independent,” the objections of
the Senators amount to a claim for “ a tribunal that
ia organized to decide in our favor.” “ If,” Mr.
Edmunds concludes, “ we are really for arbitration at
all, we must suppose it possible that we may be some'
times wroDg in our pretensions, and that an im­
partial tribunal will, in such a case, decide against
ns.”
We cannot believe that the Senate means
to bury this treaty permanently; if ratification
fails for any cause in this Administration, we are confi­
dent that public opinion will demand and obtain ac­
ceptance in the next. In the meantime, however, we
trust that both people and legislators will scan the
amendments of tb6 Foreign Affairs Committee as
thoroughly as the committee scrutinized the treaty.

[V O L . O I V .

.... ........................................t , a:

:

.

.

....... — ........................... ....; -sj— — ^

Die way of compiling and making public current facts.
Consequently there never had been a tirm when an
approximate estimate of the world's output of gold
could be so easily and correctly reached soon after the
close of the year as it could be at the present time.
A January compilation for the whole world thereby
became of increased interest. That does not mean
that later and more complete returns became any the
less needful. An official collection and compilation of
the completed returns by which to revise the earlier
results are as desirable as ever. It is satisfactory to
know that our Mint Bureau fills that position admir­
ably well. But for current uses what the public most
of all needs with reference to gold production is early
information intelligently arranged— the same charac­
ter of information most eagerly sought after for all
other of the world's products.
1 8 9 5 —PRODUCTION REVISED.

We have stated above that our January review of a
year ago for the 1895 product has proved to have been
a very close approxim itiou. The aggregate product for
the whole world as we then made it up was 9,653,203
ounces, valued in sterling at £41,004,876 or in dollars
at $199,519,082. According to the figures of Mr.
Preston, Director of the Mint, published in November
1896, the total product of the world iu 1895 aggregated
9,688,82L ounces, valued at $200,285,700. We have
on this occasion gone overall the deb ails of our 1895
estimate again and revised the, fig ares throughout, and
the result we now reach is 9,652,003 ounces, valued iu
sterling at £10,999,778 and in dollars at $199,521,276.
This final estimate, it will be noticed, is slightly les3
than our original estimate, and consequently is now
36,818 ounces ies3 than Mr. Preston's total.
In correcting to-day our 1895 figures, the Australian
return now made to us is a trills larger than the Mint
Bureau's report; but the chief point of difference com ­
pared with the Mint is the African result, in which
case our total is 10,205 ounces the smaller. This lat­
ter difference is due wholly to accepting a different
authority for the value of the ounce of gold mined
by the Witwatersrand mines.
The Witwatersrand
Chamber of Mines has always in its annual reports
given the value of the ounce in the output of each
mine, and we have each year accepted its estimate.
The Royal Mint, on the application of Mr. Preston, has
for 1895 furnished him with an estimate of the average
PRODUCTION OF GOLD AND SILVER I N fineness of the “ Siuth African gold in 1895,” which is
THE UNITED STATES AND WORLD.
about 52 cents more par ounce than the Chambsr of
NeTer have the conditions been so favorable as at Mines reports it. As the old figures for previous years
present for making an approximate early estimate of were made up on the old basis of values, and as this
the world s production of gold. We have confirmation of “ average fineness” is only for 1895, and can include
this belief in tbe now proved accuracy of the statement only the portion of the South African gold which in
wo made a year ago. Our readers are aware that these an­ that year reached Great Britain, we do not taink it
nual compilations have been prepared by us the latter wise to adopt the new basis and thus disturb the accu­
part of January or early in February for a long period. racy of the comparison with previous years. These
Indeed, we began to get together in the early part of each changes in our gold totals for the product of the whole
year these facts respecting the world's production of world in 1895 will be found entered in the general
gold long before any other similar details were pre table on a subsequent page in this article ia which
pared In this country. In thoie early days the infor the annual production of the world is carried back to
nation was meagre, difficult to seeure, and in most 1871.
cases late in being made public.
As to the silver production we have had to make a
A year ago we called attention to the circumstance considerable addition to the 1895 figures because of
that an important change with reference to the sta­ the latest estimate of the Mint Bureau for the
tistics of the yield of the precious metals, especially United States. These latest figures are over 9
gold, hud been developed the last few years. Gold million ounces in excess of the early estimate and show
B; T;' y^nere were passing into the hands of large that instead of there having been any dicrease in the
0 ■' * " - r H
1"*er corporate management; that as a silver product of this country and of the world there
e o n s * . q u producers were getting more and more in ' has been a decided increase. We shall refer to this

F e b r u a r y 6, 1897.]

THE CHEONICLE.

257

1,200,000 ounces except in 1893 and in 1885. In 1894
the total was only 1,167,455 ounces, whereas in 1895
G O L D IN 1 8 9 6 —ESTIMATED PRODUCTION OP THE WORLD. the output reported was 1,397,767 ounces, or a gain of
The world’ s gold production in 1896 promises to 230,312 ounces over 1894. This large addition in that
prove somewhat of a disappointment. When the year year very naturally led many to assume that there was
opened every indication pointed to a more decided good promise of a further and larger addition in 1896.
growth in the annual product than had yet been made We have received no report from Russia, but are of the
in any recent twelve months. Every large producer, opinion from the character of the mining in that
and as for that the most of the sm dl ones, were at country and from the reason given for the increase in.
that time showing new activity in that department of product for 1895 that at be3t there will bs very little
the mining industry. Fortuitous circumstances— not if any additional increase during the latest twelve
permanent causes like an exhaustion of mines or a months, and very likely the output will not be as large
withdrawal of capital from that branch of industry— in 1896 as it was in 1895. In our general table of the
have been the disturbing factors disappointing early gold product in the world which we give in this article at
expectations. The less hopeful circumstances have the end of the details with reference to gold, R isiia’ s
arisen either from a lack or dissatisfaction of labor, product for the year just clo3id is estimated the sami
from a lack or tro uble about tbe water supply, or from as the yield in 1895.
The most disappointing result in 1896 has been the
political agitations and disturbtncep, and have in the
main been confined to the two large t producers, the South African contribution to the world’s gold supply.
United States and Africa, though Australia and one For several years that country has made a splendid
From a total of
or two other smaller contributors to the gold supply record and wonderful progress.
have suffered somewhat. After, however, allowiog for 727,912 ounces in 1891 its products increased to
all drawbacks to progress, there remains still a macerial 2,115,138 ounces in 1895. What that increase means
growth, though, as said, it is not as large as antici­ is best understood when put in connection with the
pated.
increased yield in other countries, as is done in our
The reason for the large expectations in 1896 arose general table below. For instance Australia’s yield was
from the fact that in 1894, and more especially in 1895, 1,518,690 ounces in 1891 and 2,170,505 ounces in 1895;
all the important producers seemed to have at length the United States was 1,604,840 ounces in 1891 and
united in vigorously pushing gold mining and to be 2,254,760 ounces in 1895. In other wo^ds, in the four
meeting remarkable success. Prominent among these years Africa increased its annual product 1,387,226
was the United States, and very likely the fact that ounces, Australia 651,815 ouocss and the United
we added in 1895 to our annual product 343,947 States 649,920 ounces. But the important circum­
ounces, making the total output 2,254,760 ounces, did stance in its relation to the future is, that now when
as much as anything to give currency to large ideas. It these three contributors have reached very nearly the
was not till 1893 that this country’s gold mining industry same annual total, tbe United States has most unmis­
changed for the barter. 0 ir mines yield d onlv 1,572,- takably taken tbe first place. The increase in the
187 ounces in 1882 and the total was still ab ut the annual product of the United States in 1895 was 343,same in 1892, being that year 1,597,098 ounces, having 947 on ices and in 1896 it was 363,479 ounces or a
fluctuated within narrow limi’ s during the intervening tot&l of 707,426 ounces in two years; concurrently
years. At this latest date, however, the new develop­ Africa has increased its annual product 249,600
ment began; in 1893 the product was 1,739,323 ounces, ounc-B in 1895 and only 40,246 ounces in 1896 or
it rose to 1,910,813 ounces in 1894, and in 1895 sur­ 289,846 ounces in the two years. We shall give some
prised the public by the phenomenal movement which reasons shortly under the head of Africa why this
brought the total up, as already said, to 2,254,760 small increase in Africa in 1896 is not to be taken as
ounces. All this spoke very favorably for the future. indicative of a limit having been reached in the yield
Here was a progressive movement under way with a of that country. There were special influences at work
very decided development the last year.
Added in 1896 which prevented a fall result. There is, how­
t ) that, too, was a further feature almost ensuring ever, apparently good reason to assume that hereafter
larger growth for the next twelve months: the fact that Africa’s product will not increase fast, and also that
1895 closed amid so great activity in new work that the the United States will continue for a time at least to
outlook actually seemed to warrant the most sanguine hold the first position among gold producers.
expectations.
We now give the details as to gold production in
Hopeful signs and favirab'e conditions for mining, 1896 of the United States, of Africa and of Australia,
though, were not confined to the United States. Other the only countries from which we have received esti­
countries encouraged the prevailing idea of still greater mates sufficiently complete to make a detailed state­
increases in the future. During recent years substantial ment practicable at this time. These details are fol­
investments hai been made in Australian mining ven­ lowed by the general table already referred to, showing
tures which up to the close of 1895 had not afforded the world’s gold product each year since 1871.
any satisfactory return. Large hopes for 1896 were
U nited States G old P roduct.— As noted above,
consequently indulged with reference to the return the Uuited S.ates in 1896 mide further and material
from those c donits.
progress in gold mining, having, according to present
Then, too, an event of still more importance was the estimates, added in that year 363,479 ounces to its an­
1895 report from Russia. Wnen the official figures nual product, against an addition of 343,947 ounces in
were received the year proved to have netted a large 1895, thus bringing up the total annual yield of gold
excess over 1894. M >st observers had expected no in this country from 1,910,813 <unce3 in 1894 to2,254, •
growth whatever. Heretofore Russia’s contribution of 760 ounces in 1895 and 2,618,239 ounc s in 1896. This
gold to the world’s supply had continued, year after year is a notable record, conspicuous for ma iy reasons. It
for a long series of years, to be quite regular. In no year is conspicuous because the United States is an old
other than 1895 since 1880 had the product got above ' mining field ploughed over nearly fifty years, and confeature
silver.

below

in our remarks with, reference to

rHK CHRONICLE.

■e^uenUj the richness of it* deposits wm supposed to
hare been worked oat. Another reason that makes
the record remarkable is that the development has
been achieved without any stimulus from outside effort
and without any considerable movement of capital
from outside sources; home capital and home industry
have produced the result. Had foreign capital been
busy making investments in the mining States as it
has been in Africa, in India and in Australia, the suc­
cess would have proved even more clearly than it has
that this,country is the best in the world for such ven­
tures; in that case, though, success would have been
less wonderful.
Looking at the product of the different States, we
find California, the old original, still in the lead as a
gold producer and making steady gains. This last
year more decided results have been reached simply
because previous years’ work has borne more fruit.
Not unlikely a first impulse towards an increase in the
gold output came from the prevailing conditions which
have caused all the regular industries to pay poorly of
late in California, fruit and grain raising as well as every
other; probably it was as a consequence of this condi­
tion that prospecting for gold in that State has in
recent years become more of a feature. In line with
this movement also has been the opening of many
mines long idle, the properties passing into new hands
able to develop them.
Altogether those who are
best able to judge express the opinion that the gold
product of California is sure to increase in the future,
year by year, for some time at least.
Another State which has attained a very important
position within two or three years as a gold producer is
Colorado. Last year it gave promise of even taking
the first place among the States, California having
raised its output from $13,570,397 in 1894 to only
$14,998,600 in 1895, while Colorado moved up from
$9,491,514 to $13,305,100. This rapid increase of the
Colorado product came mainly from the Cripple Creek
district, and as there recently have been labor troubles
there &c., with other set-backs, the present belief is
that the State’s product for 1896 will not pass the
1895 total. Colorado has, however, done marvelously
well, having had very little help from outside capital;
no State has a more promising prospect. One other
feature of tho gold product this year is that probably
every producing State, with the possible exception of
Colorado, is likely to return an increase. The prelim­
inary estimate of the Mint Bureau by States for 1896
is given in the following table, to which we have
added the previous two years for comparison.
It
shonld be said that much of the increase of the gold
product in Montana and in some of the other States has
been due to the increased production of copper mines.
noui moo turnon t» u n i t e d state*.
.------ ----- UEH.------------ - ------------ 1895.-------------. .----------- 1898._______
(Junes*.
C alifornia , ,
On$on*So . . . . .
M on tan a.
| o « I)i D a k .. . .
M a lt a .................
Arlautta. . . . . .
O rsgon . . . . . . .
K t r a U . ...........
Ataafca
. ...
r t a k ...........
M eU n>
W a«Att«rl'»n .
M id i lean
M l k Scale*
O U a r M a i M ,.

Voltes.

S * M 4 S #1 3,670,397
439,134
9.491.514
170.017
3,051,410
150.69!
6.399.100
1noj&tj
2,081,2*1
m jm
1.7*4.475
1.128.060
66,0*3
1,1.17.810
6?.M9I
I 112.660
mN.rjdi
41.*91
*7,4*5
607,761
9.419*
196,100
44.4*4
*J*Q
11,71*
343.109
m jm a
l.$S 6

ounces.

Value.
722,171 #14.92x.000
043,044 13,606,100
198,406
(<iOMQQ
*87,IH7
3,809.600
80.U8K
1.7 79.000
95,072
43,1*72
*.6,088
78,110
94,419
26,810
10,990
2.075
16.010
1.09*

1,906,900
8HH, ;Ot»
1,552, *00
1.3 *5 .ton
1,373,000
4*2.200
861.000
810,000 \
86,000 )

CH$fieci.

Value.

8 .3 6 « 1 10.600.000
028.931 13,000.000
211,801
4,* 40,<.i00
224,(814
0
119,099
2.474.000
110,909
2,418,000
Of,893
1*900,000
142,001
2,960,000
167,1*6
3.249,000
92,888
1,020,000
25.400
625,000
16.481
362,000
11,781

306,000

[V ol . LX1V.

souri is $53,015,949, which would make the total with
the other States added about the same as the Mint
Bureau’s preliminary figures.
South A frica .—As already remarked, a decided
check has developed in gold mining in the Transvaal^
Growth has not ceased entirely, but it has been very
slight compared with preceding years, even with last
year when the ratio of gain was less important than in
any previous year since the opening of the fields. In the
Witwatersrand district proper up to the close of N o­
vember the aggregate amount of gold mined was
actually less than in the corresponding period of 1895 ;
bat the December total— the heaviest monthly outturn
with one exception of the season— served to turn the
scale in favor of 1896. The increase though is only
to the extent of 17,211 fine ounces, a very meagre in­
crease compared with the excess of 207,365 ounces in
1895 or 416,622 ounces in 1894. In the earlier months
the political complications which followed Dr. Jame­
son’s raid into the Boer country had considerable to do
with the decrease in product; but it is also to be noted
that scarcity of labor, scarcity of water and shuttingdown of mines because the ore does not pay to work
are claimed as reasons for the poor showing. Each
year we are greatly extending our means of obtaining
reliable data as to the working of African mines and
now receive monthly returns from all but a small per
cent of the producing territory. The Witwatersrand
district being the most important, we first give a state­
ment of its production for rix ve«r».
WXTWATERSRAND DIBTBICT— OUNCES VALUED AT ABOUT £ 3 10S
O uncw.
1831.
1892.
1893.
1891.
1895.
1803.
Jan uary........... 53.205
84.581
108,375
1*9,811
177.-WJ
14 J, 177
F e b ru a r y ....... 50.075
80.819
93,253
151,870
189,298
181,019
M arch.............. 62.9*9
93 211
111.47*
185.373
181.915
170,151
A p r il................ 58,371
95,502
112,053
188,715
180,323
178,707
M ay.................. 64.878
99,136
116,912
109,771
191.581
196.008
Ju n e................. 66,863
103.253
122,907
108,162
200,912
103,811
J u ly .................. 61,080
101,280
120,169
107,953
199,153
203,874
A u g u s t........... 50,073
102,321
130,069
171,977
203,673
212,130
S eptem ber ... 86,601
107,852
129,585
170,708
191.705
202,582
O cto b e r .......... 72,793
112,107
130,883
173.379
102,052
199,891
N o v e m b e r ... . 73,393
106,795
138,610
175,301
195.210
201,114
D e c e m b e r . . . . 80,812
117,718
140,357
182,101
178.12!
208,517
T o ta ls . ...729,288

1,210.889

1,178,177

2,024,103

2.277.641

2,280,094

As we have before remarked, one of the chief diffi­
culties to be contended with in the mines of South
Africa is the lack of water. This applies with even
greater force at points other than the Rand. Despite
this adverse influence, however, production outside of
the Rand increased during 1896 out much less rapidly
than in 1895. Of the districts included the Di-Kaap
makes the best exhibit, the Sheba Mine, its largest
producer, having materially added to its product.
Altogether the yield in these other sections is small
comparatively and growth far from rapid.
This
cannot be better illustrated than by the subjoined
table, in which we have reduced the entire African
production to fine ounces from 1887 to 1896, both years
inclusive, and give the value of the product a3 well as
the ounces.
AFRICA’ * GOLD PRODUCTION— FINE OUNCES.
W itw alersra nd-> .----------Other- — » ------------- Total ------------Year.
Ounces,
£
Ounces.
£
Ounces.
£
1887 (part y e a r ) ....
28.754
122,140
................ ,
28.764
122,140
1888 ......................... 190,200
808,210
60,000
212.3D0
240,200 1,020.000
1880
310,023 1,342,404
50,000
212,390
300,023 1,554,794
1890 ........................ 407,750 1,732,041
71,562
803,982
479,302 2,035,980
1891 ........................ 000,800 2.562,833
127,032
539,001
727,912 8,092,024
1892 ............................1,001,818 4,255,624
148,701
031,052 1,150,519 4,887,178
1893
1,221,1616,187,200159,977 079,550 1,3*1,128 5,800,766
1894 ......................... 1,037,773 0,956,934
227,705
907,604 1,905,588 7,924,484
1895 ......................... 1,846,138 7,837.779
270 000 1,146.90# 2,116,138 8,984,686
1890..............................1,802.349
7.910,884
293.035 1,244,756 2,166.884 9.155,030
.

2j8

T o t a l......................9,111,892 88,705,456 1,398.082 5,938,77* 10,509.904

41,044,228

According to the f regoiug the entire production of
T olate
. U P " , 113 419.600,001
2,254.78-1 440.010.860
1,818.239 UMIO.OOO
the African mines for the nine years sinci the first
Mr. Valentine's estimate of the gold product of the opening was made has been 10,509,961 flue ounces,
UniUd States in 1896 for the States west of the Mis valued at £44,644,228.

THE CHRONICLE.

F e b r u a r y 6, ld 9 7 .]

A u s t r a l a s i a . — Oar reports show some increase in
the output of gold in Australasia. The surprise is that
the increase should not have been greater, for almost
everything that could be done has bsen done to en­
courage and facilitate gold mining in those colonies.
Of coarse the most interesting field at present is West
Australia, for it is the one that is at the moment being
worked most energetically by capitalists. Its chief
drawbacks are lack of labor, lack of water and lack of
communication. All these difficulties gradually are
being over-ome. Such rich finds of gold have been
reported that capital is apparently encouraged to spend
large sums, although hitherto results have come far
short of expectations. Still, considering how new a
field the section is and how many disadvantages any
new gold field has to work against, the increase of about
50,000 ounces in 1896 is encouraging, for it is about
double the increase in 1895. Victoria also has done
well. Below we give tables showing the product of
each colony, the first table in gross ounces and the
second table in fine ounces. The figures are not final
figures, but are believed to be close approximations.
In obtaining the fine ounces 8 per cent has been de­
ducted for base metal in 1894, 1895 and 1896, but for
previous years the reduction is a trifle more, being
made for each province on the basis of the official
returns made to us.
P R O D U C T O P G O L D I S A U S T R A L A S IA S C O L O N IE S— G RO SS O U N C E S.
T a sm a - T o ta l A u s ­
N ew S x
W e ste r n
N ew
S ou th
Q u een s­
tr a la s ia .
T r t . V ic to r ia . W a les.
la n d . A u stra lia . Z e a la n d . /I u s tr a lia . n ia .

1890. .588,560
1891 ..570,3419
1802. .054,456
1893.. 671,126
1894..073 680
1895.. 74 0,0 ■*8
189**. 805,807

127,460
153.335
150,870
179,283
324.787
360,le5
310,010

610,587
501,611
605,012
616,940
075,000
031,082
05O,OoO

34,209
30,311
59,548
110,890
207,131
231,513
281,263

193.193
251,996
237,392
220.811
221.533
293,491
203,663

24,831
28.700
38,974
33,820
35,844
47,343
40,000

20,510
48,769
43.278
37,687
57.873
54,964
60,000

1,599.360
1.651,151
1,790.130
1,876,562
2,195.848

-

2,410,733

* R esu lts In 1890 are estim ated.
P R O D U C T O P G O L D I S A U ST R A L A SIA N C O L O N IE S— FIN E O U N CES.
T a sm a ­ T otal A u s ­
N e w So.
Q u een s­ W e s te r n
N ew
S o u th
tr a la sia .
T r s . V ic to r ia . W a les.
la n d . .A u str a lia . Z ea la n d . A u s tr a lia . n i a

1890.. 554,225
1861..530,2S7
1892. .002,100
1893..012.407
1894..619.780
1895..080,879
1896..741,342

110,774
141.069
142,227
163,671
298.8)4
331.352
285,200

531,096
616,710
545,051
562,649
621.000
581,147
598,000

30,603
27,880
54,785
101,132
190,501
212,992
259,702

180,068
231,837
218,4 01
206.852
2 3,810
270.012
242,570

21.541
20,404
35,867
80.814
32,976
43.556
33,800

17,965
44.497
39,917
34.377
63.243
60,567
55.200

1,453,172
1,510,690
1,638,239
1,711,892
2.020,180
8 i
2,217,874

G old P roduct of the World .— Without further
comment we now bring together the figures represent­
ing the world’s gold production. The total product in
1896 has been large— nearly 10| million ounces— but the
year’ s increase is comparatively small, being in 1896
only 512,494 ounces, which compares with an increase
of 996,781 ounces in 1895 and an increase of 979,986
ounces in 1894. Previous to 1894 the increases were
small, almost wholly disappearing previous to 1891.
H O L D . — W ORLD’ S PRODUCTION IN OUNCES.
U nited
O ther
Fine
A u stralia. States. Russia. A frica . C ountries. T o ta l.
O u n ces.
Ounces.
Ounces. Ounces. Ounces. Ounces. Ounces.
1871 ........ 2.378,729 ASB6.947 1,284,000
.....
*70,832 0,010,508
1872 ............ 2,150.417 1,853,861 1,215,000
.....
470,832 5,392,910
1873 ............ 2,114,910 1,907,112 1,080,000
.....
470,832 5,558,854
1874 ......... A 993,400 A870.973.A088,000 ...........
470,832 5,403,265
1875 ........ A895,615 A944.030 A050.500
.....
470,832 5,360,977
T o t .’71-75.10,533,131 9.475,723 6,083.500
1878...........
1877 .......
1878 .......
1879 .......
1880 ........

1,668,082
A58A196
A 407,504
A 425,872
1.143,898

2,086,009
2,188,785
1.896.947
1,817.209
1,741,500

A06A778
1,317.741
1,354,500
1,385.900
A391.260

T otal
V a lu e s .
£
25,531.433
24,1*2,343
23,8P2,«00
22,051,989
22,772,368

............. 2,351,180 28.020,514 110,051,020
.....
.....
.....
......
.....

470,832
622,532
525,071
607,510
834,508

6,306,701
6,010,554
5.181,082
6,036.551
5,211,166

22,541,805
23,832,511
22,020,944
21,394,261
22,135,991

T o t .’70-80. 7,526,912 9,530,510 6.53A179

...... 2,760,453 20,319,054 111,925,512

1881 ....... A475.161 1.878,812 A181.853
1882 ...... A488,007 1.572,187 A15A813
1883 ........ 1.333,819 1,451,250 A132.219
1884 ------ 1,352,781 1,489,950 A065.042
1885 ....... A309.804 1,538,325 1,225,738

.....
64A354 4.976,980
......
060,927
4,825,794
.....
942,184
4,859,502
...... A004.636 4,902,889
......
928.717 6,002.584

T o t .’ 8'.-96.
*886...........
1887...........
*888...........
*889...........
*890...........

0.909,612
1,257,670
1,290,202
A314.002
1,510,007
A 453,172

7.730,324
1,693,125
A596.376
1.601,811
A587.000
1.588,880

5,760.065
922,226
971,656
A030.151
A 154,076
A134.590

.......
......
28,754
240,266
366,023
479,302

4,177.718
1,171,312
1,174,503
956,363
963,539
1.055,507

24,507.749
6,044,363
6.06A490
5,175.623
5.011,245
5.71A461

21,141,216
20,499,008
20,642,193
20,820,492
21,249,970
101,358,885
21,427,446
21,499,816
21,985,011
23,835,447
24,261,102

T o t .’80-90. 6.885,663 6,070,221 5,212.699 1,114,345 6,321,254 26,004,172 113,008,820

U n ite d
F in e
A u stralia. States.
O unces.
Ounces.
Ounces.
1891 ........ 1,518,690 1,604,810
1892 ........ 1,633,238 1,597,098
1893 ........ 1,711,892 1,739,323
1894 .......... 2,020,180 1,910,813
1895 ............ 2,170,505 2,254,700

259
R ussia.
Ounces.
1,168,764
1,199,809
1.345,224
1,167,455
1,397,707

O th er
A fr ic a . C ou n tries. T o ta l.
Ounces. Ounces. Ounces.
727,912 1,266,029 6,286,235
1,150,519 1.456,158 7,041,822
1,381,128 1.497,669 7,675,236
1,865,538 1,691,236 8,655,222
2,115,138 1,713,833 9,652,003

T o ta l •
V a lu e s
£
26,702,669
29,912,251
32,602,967
36,765,653
40,999,778

T o t .’91-95. 9.059.505 9,106,834 6,279,019 7,240,235 7,624,925 39,310,518 166.983,317
1S90 (e st.) 2,217,874 2,618,239 1,398,000 2,155,384 1,775,000 10,104,497 43,170,750

Tue ounces in the foregoing table may be turned into
dollars by multiplying by 20’6718.
The value in
pounds sterling has been ascertained by multiplying
the ounces by 4-2478. Thus according to the above
the product in 1896 stated in dollars is $210,118,349
and in sterling £43,176,750. That aggregate compares
with $199,524,276 and £40,999,778 in 1895, and $178,919,018 and £36.765.652 in 1894.
S I L V E R - PRODUCTION OF THU WORLD.

When we made up our figures of silver production a
year ago the estimates for 1895 indicated a decreased
product in the United States, and so far as they were
procurable from other sources of supply they seemed
to point to a smaller total for the world. Silver never
furnishes as reliable data as gold early in the year.
Strange to say, however, it was the United States and
Mexican forecasts on that occasion which were mainly
in error. We presume in the matter of the United
States the material misconception in the preliminary
estimate grew out of the very large increase in the
silver yield from copper mines. However that may
be, the result was that instead of the United States
producing only 46,000,000 fine ounces, the final Mint
figures showed a total of 55,726,945 fine ounces.
As to Mexico the trend in 1895, during the last six
months particularly, was towards a smaller production,
so that the year’ s aggregate fell a little below the pre­
vious year’s, reaching 46,962,738 ounces. A larger
decrease than we allowed for was also made in the Aus­
tralian production ; we had stated the total for 1895 at
14,500,000 ounces, against 18,073,440 in 1894, whereas
the 1895 product proved to be only 12,507,335 ounces.
For “ other countries” our estimate of a year ago was
very nearly correct, the figures we gave for 1895 being
53,000,000 ounces, while the later reports now at hand
make the total 53,983,231 ounces.
Altogether it appears that the 1895 production
of silver in the world amounted to 189,180,249 ounces,
instead, as we estimated it a year ago, 165,500,000
ounces. This final total for 1895 compares with 167,752,517 ounces for 1894, and consequently the 1895
product is the largest outturn of silver which the
world’ s mines have ever supplied. When it is remem­
bered that the average price for silver in London was only
29|d. in 1895, that result is noteworthy. At the same
time it is to be said in explanation of this enlarged yield
that it does not prove that silver cm be mined profit­
ably at 29J 1. per ounce. In Montani, for instance
(according to a statement published in the Mint Report
of Mr. E. B. Braden of the Assay Office at Helena),
there were 8,828,146 ounces fine silver extracted as a
by-product from copper ores, showing that of the total
silver production of the State over 49 per cent was
thus obtained. He adds this important and significant
assertion: “ Strictly speaking there were bat few
exclusively silver mines operated during the calendar
year 1895, owing to the low price of the white metal.’ ’
The world’ s production of silver during 1896 cannot
at the present time be indicated with acmracy. For
the United States Mr. Valentine’ s figures for that year
are published. They are given in commercial values at
$33,684,963, which, at an average of 67 cents per ounce

C H R O N IC L E .

0 16,500,000 16,035,300 52,585,300 3 Aid.
..... 23.SU-, 00 17..,69.100 14,750,305 55,726,945 29’s<l.
D M ........
13.3;>S,'.20 49,50a.000 28« «d.
1893....... 25.as«,600 10. <00,400 17.255,000 60,000.000 35«sd.
01)
1,0 s.soa 1 7 ,6 2 4 ,9 0 0 6 3 ,5 00 ,00 0 Z W „ i .
......... HI, ,0 .0 >0
IO.o OO 58.330,000 45:,, d.
1800.........19.800,000 15.750,000 19,966,300 51,516,300 47U,«d.
IMS..........10 ouOjMO 15,000,000 19,000,090 5u.ono.o00 42UMd.
1«4........... ! l.uo.vsu 13,149.437 17,936.250 45.780,900 42%t
............... U.1UH.-23 11.1*88,553 17,60,9,<’,22 -11,260,000 44%d.
1888,......
.
17.173.378 39,440,000 45%«.
* Siuniad.
As to tho Mexican production of silverin 1896,we have
no data wfiich milords any help in making an estimate
except Mr. Valentine's report, which for Mexico is for the
year endiog with JuneSO 1896. For that fiscal year the
total does not vary materially from the previous fisc.l
year. Moreover the official figures for Mexico, it will
be noticed, make the total in 1895 only a trifle less
than it was in 1894. Altogether, therefore, we assume
that a fair estimate for 1896 for Mexico will be to
repeat the last year's total in oar general table. The
official figures issued by the Mexican Bureau of S .atis
tics for the last three years are as follows.

United
F in e

S ta tes.

Ounces.

P R O D U C T IO N IN O U N CES A N D S T E R L IN G .

All Other
Mexico.Australia, Countries.

Ounces,
Ounce*.
187 1..
. . . . . . . 17,836,776
19.657.983
1872..
. . . . . . . . 23,358,473
19.657.983
187 3..
. . . . . . . . 37,650,000
19.657.983
187 4..
. . . . . . . . 28,849,000
19.657.983
1875................ 34,518,000 19.657.983
T otal ,71-’7 5 . m i2<32,3i8

Ounces,
151,583
94.019
117,531
130,499
103,480

Ounces.
14,770,091
11.770,091
15.146,490
15,522,890
15,622,890

Total.

Total
Value*.

Ounces.
53.460.433
56,881,165
62.572,001
04,160,373
69,802,353

£+
13,210,788
14,294,355
15,447,463
15,588,965
13,755,245

98,289,915

597,713

75,732,462 295,882,327

72,290,816

187 6..
. . . . . . . . 30,009.000
17,011,239
18 7 7 ..
. . . . . . . . 30,783,000
19,169.869
187 8..
. . . . . . 34.9(50,000
20,122,796
1879............... 31,650.000 20,356,133
21,173,203
1880..
. . . . . . . . 30,320,000

108,217
85,010
106,570
127,537
134,671

15.808,800 63,537,256
18,232,668 68,270,566
17,459,422 72,018.794
23,172,040 75,205,710
24,844,863 76,472,737

13.964,959
15.591,604
15.910,843
16,059,553
16,648,752

Total '70-^80.157,622,000

662,0*20

99,517,703 356,135,053

78,178.711

07,096 24,226,650 81,268,901
04,055 27,592,415 87,619,253
110,012 29,5-49,548 89.352.190
145,644 22,593,531 86,218,220
839,749 25,779,655 93,448,915

17,502,456
18.847,871
18,824,459
18,186,056
18,933,140

98,433,240

.

.

1 8 8 1 ..
. . 33,260,000 23,085,215
1882............
36,200,000 23,762,183
1 8 8 3 ..
. 35.730,000 23,956,630
25,079,045
1 8 8 4 ..
. . . . . . . . 37,800,000
1885 . . . . . . . . 39,910,000 26,919,511

T o ta l *81-’85.182,900,000 124,002.584 1,283,158 129,741,790 437,907,539
1 8 8 0 ..
. . . . . . . . 39,440,000 27,037,342
1,053,933 27,379,873 95,511,178
1 8 8 7 ..
. . . . . . . . 41,200,000 28,017,287
3,184,930 25,653,312 98,115,529
1 8 8 8 ..
. 45,780,000 28,262,071 0,481,374 27,173,470 107,696,915
1 3 8 9 ..
. . 50,000,000 32,979,770 9,150,235 32,069,774 124,199,779
1390........
54,500,000
33,623,049 11,277,603 32,627,692 132,028,344
.

.--------------------------- Production tn ounces,--------------------------- . A c. Pries
Colorado.
Montana.
Alt others.
Total.
Silrer.

S I l i V E I I . - W ORLD’ S

92,294,082
18.057,582
18,243,350
19,239,005
22,089,141
20,233,757

T o iil ’8 6 -m 2 S 0 ,930,000 150,519,51931,148,105 144,904,121 557,551,745 103,803,440
1891................ 58,330,000
35,719,237 10,000,000 33,916,175 137,965,412 25,900,27 0
1 8 9 2 ..
. . 63,500,000 39,504,800 13,439,011 36.496,175 152,939,986 25,370,513
1 8 9 3 ..
. . . 60,000,000 44,370,717 20,501,497 41,228,063 166,100,277 24,655,510
1894 .............. 49,500,000
47,038,381 18,073,440 53.140.n96 167,752,517 20.226,410
1 8 9 6 ..
. . . 50,726,945 46,962,73•< 13,507,335 63,MRS,*'31 169,180,249 21,059,410
.

L ON D O N .

Calendar
te a r

S ilver P roduct of the W orld ,-—W ith these pre­
liminary suggestions as to the production of the silver
mines of tho worM, we bring forward our usual state­
ment of the production of silver each year, beginning
with 187L and including an estimate for 1896.

.

(the average stated in hie ©irontar), would make the
iro.iuct 50,278,064 ounces in 189G, a
United State
gainst the 55.728,945 ounces of the Mint Bureau in 1895.
A preliminary estimate of the Mint make* the total
52,535,-'HiOounces for 1896. We accept that aggregate
and hate put it in our general table below, presuming iu
to be am clrsean approximation to the actual result as can
be reached at this time. It is proper to state that Mr.
V : tir e - n turns for silver a year ago were quite
accurate, and may be the more correct now. B ther
authority at this date, we presume, baa to depend
upon estimates in some measure. The following state­
ment of the United States product will be of interest.
It is made up from tho Mint reports and covers the
production of silver since 1S86. Tae division of the
tot si for L8:*6 between the States named is of coarse
merely estimated, based on information we have thus
far been able to obtain. We add a column giving the
atc-rage annual price of silver in London,
m ttt rstmocnoit i* tbs gnitbd statm and atrrage rue* nr

[V ol . LXIV.

.

TH E

260

T o t a l’01-95.287,050,945 213,595,873 74,521,283 218,704,340 793,938.441 117,212,125
1896 (e s t .).. 52,535.309 47,000,000 10,500,000 51,000,000 101,085,300 20,632,645

t Values of silverin tills table are c o m m e r c i a l values and are com ­
puted on the average price each year of silver as given by Messrs.
Plxley & Abell, London. Value of £ In this table $4*8665.

The figures in the above table for 1896 are of course
estimated and incomplete.
For 1895 the total pro­
duction will be seen to be fully 169£ million ounces,
of which the mines of the United Slates contributed
a little less than one- third.

FAMINE AND P L A G U E I N INDTA— THE
CONSUMPTION OF C O T T o F *

M a n c h e s t e r , January 20.
1895.
Probably
there
is
no
subj
- ct which, at this moment,
Deposited at minis.
Ki los.
To ti# ouinedt........
634,953*333 surpasses in interest and importance to the cotton
MxpvHM,
Hitter ore, bar#, #©*»***•* 695,638*152
709,543 668
826,056-138 trade of the world that of the {amine and plague with
TofckS production, kilo*.. 1,380,115 629 1,413,360-766 1,461,008-476 which India is afflicted.
In the issue of the C h r o n i ­
Total prodaetlen, ounces, 44,370,717
47,038,331
46,962,738 c l e of November 14 it was stated in this cnrrespoadence
For Australasia we have the returns of the silver under date of November 3: “ It is now certain that
product of the Broken Hill Proprietary Omipiny, and there will be soarity of grain food such as to justify,
they show a farther material decrease in the output. perhaps in a restricted sense, the use of the word ffamThe great complaint is low-grade ores and the difficulty ine' throughout a large portion of Northern and North
of profitably working them; for this reason some mines Central India aai a considerable tract in Upper Barhave hud to shut down. The returns for the Broken mah.” la the two and a-half months which have elapsed
li 11 Compauy for 1896 and previous years are sub­ since then, and particularly in the last three or four
joined.
weeks, thi proportions of the Cilamity have become
-UiO-iMl l - I « l D 0 C r o r I I I * . BK O K R N H IM , B R O i-R IE T A R Y CO M P AN Y.
more
evident, and it may now be affirmed t <at the pres­
Silver— -------- .
AveraKe
Or© tvutttiiML
Produced.
per tou ent famine is, in some respects, the worst which has be­
Oiinrrs
Ton*.
Ounces.
4890,
2 1 0 . 3 IX
8 .171,877
37-26 fallen the Indian people during the century.
2 8 3 ,9 6 6
t i n . ......................
9 ,853,008
34-70
t m n ......................... . . . . . . . . . 2 UH4 H4
A tel gram dated to-i ty received from B imbay
7, 063,572
33-59
u s m .,........
12 ,498,301
28-48
lM t.
, .
...
states that the numbsr of psrsms dependent upon
13,538.202
23-30
..................*. . . ., 1
, ’ ’ 1 4&$'CHU
10,1(52,929
21-71
. . . . . . ..... . . . . . . . . . . . . . . 4 3 4 ,0X 0
7*9 49,277
18'29 Government funds for sapp>r\ either in the form of
Here e sec that the production in 1898 dropped to employment upon “ relief works” or in tbutof gratui 7,949,21 nances, or 2,211,852 ounces less than in tous gifts, is 1,500,000, and it is certain that the num­
1895, a fading oil of nearly 23 per cent; the ore ber must go on increasing until the winter-grown
troxtoJ. b<:ing less rici in silver thin in the previous crops are harvested, in March and April. It has already
year, fall o;i less than 8 psr cen‘ . In fact a glance at been explained that the origin of tnis trouble was the
the table uliarly damn nitrates that deterioration has scantiness of the crops grown in the winter of 1895-96
been co ui vit- In 1890 the amount of silver secured over portions of Northern India. Nothing more than
from a t <n of ora was fully 100 per cent greater than a sub Hautial, though still moderate, rise in the prices
in 1896.
‘ Communicated by our Special Cor re ipondent at AlauolitM'.er,
MEXICO'S ESTIMATED SILVER PRODUCTION.

1593*
K Hot.
084,477*477

1894.
Kilos.
753,817*100

F f b b o a b y 6, 18S7.]

THE CHRONICLE.

26 L

of food grain resulted from this deficiency, and its ness of all kinds in Bombay is to a great extent com ­
effects would have entirely disappeared in September pletely stopped.
A further impediment to trade in and with In d ia
and October, if the “ khairf” or summer-grown crops
had been abundant. Unfortunately, owing to a sud­ arises from the continued scarcity of money, the result
den cessation of the southwest monsoon rains early chiefly of the closure of the mint3, the coinage of ru­
in August these crops were very short indeed over wide pees having ceased since June 26 1893. A little relief
tracts in the northern half of the peninsula. It is to was afforded about five weeks ago by an increase in the
this disaster that the existing trouble is mainly a'tribu- amount of currency notes issued on Indian Government
table. Further suffering is before the people, due to securities, but this has not prevented further tighten­
the fact that the present winter crops cannot be of ing of the loan market, the minimum rate of discount
normal amount, because of the partial failure and at the Presidency Bank of Bombay being 10 per cent,
tardy arrival of the October rains upon which the and the rates in the “ baztar,” where the native deal­
winter crops are sown. It is this latter misfortune ers go for borrowings, are still higher.
Little reflection is needed to show that these various
which deprives us of all hope that the next spring
harvest will be sufficient to do more than alleviate the disturbances must have an important bearing upon
famine. This, in a greater or less degree, must be the state of the markets for cotton and cotton goods
reckoned with until the next summer harvest begins, for some time to come. When we try to think out the
consequences, however, it becomes not less obvious
in September.
The Indian Government is amply supplied with that they are complicated and in some respects antago­
pecuniary means to provide for the saving of life, and nistic. In the first place there can be no doubt that
its organization for ascertaining promptly where relief the distribution of cotton goods in India must be
is needed and as promptly affording it is as nearly reduced, but it is likely to affect the lower qualities
perfect as it could be. But voluntary relief is now consumed by the poorer part of the people rather than
better ones.
Indeed, we know already
forthcoming, not for the purpose of aiding in the the
proper work of the Government, bat for affording that even before the stoppage of the B embay
succor of another kind. Oce of the worst effects of mills through scarcity of labor, the purely
Indian famines is the enforced loss by cultivators and Indian demand for their products had perceptibly
artisans of their cattle, implements and household fallen off. The telegrams coming to hand from Calcutta
possessions, which greatly hampers their industry and and Bombay show also that, owing partly to recent large
lessens the production of wealth when the seasons imports of English goods, and partly to the influence
become more propitious, besides throwing into confu- of the famine upon demand, not to speak of the great
ion the social and industrial organization of the dis­ interruption of business in Bombay and Kurrachee
tricts affected. It is for the purpose of mitigating caused by the plague, the practicable orders received in
these consequential evih that voluntary contributions Manchester in recent weeks have decreased consider­
are now being made throughout the United Kingdom ably. Shipments hence have kept upon a full scale to
to the “ Indian Famine Relief Fund.” In Manchester India until now, but they must shortly decrease, since
the movement began yesterday, and already tbe looms in Lancashire usually employed in producing
amount subscribed is nearly £7,000. Contribu ions for the markets of the Dependency are being stoppid
from all parts of the country will be distributed for want of new contracts.
through a central committee, which has been estab­
Ocher foreign departments of the Minchester market
lished in Calcutta, just as the relief fund of 1877, for cotton goods are also slack, and the prospect is just
which reached nearly £700,000, was distributed by the now far from being encouraging. This is indicated by
Madras Central Committee, the area of the famine of the keen competition amongst manufacturers, and the
twenty years ago—the last great disaster of this kind exceedingly low and often unremunerative prices which
— having been in Southern India. The entire cost of they are willing to accept. So far, then, the outlook is
distribution on that occasion, including the expenses of unfavorable to a full consumption of cotton in this
the Madras and the provincial and local committees, country. On tbe European Continent the mills are
was considerably le83 than 1^ per cent, of the amount generally fully at work, but even there the state of the
subscribed.
cotton industry is not so promising as it was a year ago,
But famine is not the only calamity to which India and it need hardly be insisted upon that there is not
is new exposed. The bubonic plague in Bombay, which yet much visible improvement in the state of the in­
began to assume alarming proportions more than a dustry in the United States.
On the other hand, so far as Manchester is concerns d,
month ago, has now become a disaster of serious mag­
nitude. It has spread to Kurrachee, and there is a little advantage— not a very important one— has
danger that it may infect other places, perhaps even come from the stoppage of spindles in Bombay. Oiders
Calcutta. From Bombay large numbers of people— for increased quantities of the lower counts of yarns—
probably more than 350,000—have fi d to the country, 16s to 24s— have been placed here quite recently for
and trade and industry in that city are to a large ex­ China, owing to the greaily diminished produc iou in
tent paralyzed. Telegrams received in Manchester Bombay. For the execution of these, American cotton
from Bombay correspondents within the last two or is chiefly required. It must also be noticed that the
three days estimate the number of spindles stopped in Indian cotton crop of 1896 is coming into Bombay
the cotton mills there variously at from one-half to veiv slowly, tbe receipts there from November 1st
two thirds of the whole. For it is chiefly amongst to January 14th having been only 323,000 bales,
the poorer part of the population that the panic pre. against 572,989 bales in the corresponding period of
vails, the heads of the mercantile establishments, j 1895 6.
In that of 1894-5, however, they were
European and native, having usually remained a‘. their not more than 190,927 bales. Indian cottoD, particu­
poets. In many cases Lot only cotton mills but trading larly Broach, was at the latest telegraphic date being
establishments, large and small, have been put into offered at prices relatively lower than their equivalents
idleness through insufficiency of labor. In short, busi- for American in Europe, owing mainly to the absence

282

THE CHRONICLE.

fVoL. LX1Y.

The main purpose in view of course w.is to obftin
of demand from the Bombay mill*. Indian exported
cotton is chicly spun in the Continental mills, and it better returns for coal. Previously coal had been mined
In pursuit of the new policy airif still a question how far and in what way the at a positive loss.
Indian famine and plague may affect the consump­ cular quotations were advanced several times during
tion there of American.
They may tend to the year, and coincidently the output of coal was very
check the nse of
the latter if the Bombay decidedly curtailed. But as it happened, the benefits
spindles now stopped remain long in that condition, expected from this policy were realized only in small
thus inducing a larger flow of Indian growths to En part. In the first place, notwithstanding the udvances
rope. This is oertainly the present tendency, and when in prices, the companies in many instances received
it is considered in connection with the prospect of , for a considerable time but little more for their
continued slackness in the Manchester market for goods coal than they bad previously
been
getting.
and yarns, there does not seem to be the promise of L’his followid for two reasons: (l) the advances were
a full consumption of American cotton in Earope in made gradually, and (2) the companies had many con­
the near fntnre.
tracts outstanding which had to be filled at the old
low prices. Then also b? adhering to the policy of
A N T H R A C IT E COAL P R O D U C T IO N IN 1896. restriction, each company’s output was necessarily di­
Since the Bureau of Anthracite Coal Statistics has minished. Finally, the expanse of mining is propor­
stoppi-d furnishing its monthly statements for publica­ tionately heavier on a small production than on a
tion, it has been very difficult to get reliable figures large production.
All this had been expected during the first half of
regardir g the output of anthracite. We have however
the
year, and hence the results for that period
procured a statement of the production for the late
did
not cause surprise. But an improvement had
Calendar year, and the results are interesting in com­
parison with those for ihe preceding years. In the been confidently looked for during the last six
In this latter expectation the managers
main the figures merely emphasize the unfavorable months.
character of the year 1896, and the trying conditions were altogether disappointed, and that is where all
with which all the anthracite interests had to contend. the trouble has come in. During January the
Inexict figures the shipments to market for thetwelve shipments, according to a newspaper statement, had
months of 1896 were 43,177,485 tons, against 46,545,- been 3,844,222 tons in 1896 against 3,063,334 tons in
761 tons for the twelve months of 1895. Thus there 1895, an increase, it will be observed, of over threewas a falling off of somewhat over three a id o ie third quarters of a million tons. It was towards the close
million tons. This seems Urge and islarge. B it at of this month that the agreement to restrict produc­
the same time it mast be remembsred that in compar­ tion was reached, and during the succeeding five
ing wish 1895 we are comparing with the very heaviest months curtailment was piaoticed with great vigor
output ever attained in any calendar year in the whole and determination, as will appear from the fact that
history of the aithracite trale. It thus happens that, the amount of coal mined for these five months of
notwithstanding the heavy decrease recorded, the 1896 1896 reached o d y 15,055,432 tons, against 17,600,622
total is in excess of
that of
any previous tons in the corresponding five months of 1895.
year with the single exception of 1895. Wnen that But baviDg gone that far, the companies made
has been said, it becomes evident why all the the mistake of assuming that they could a^ain
companies are obliged to report large stocks of unsold mine full normal amounts of coal, and in
coal on hand and why the condition of the anthracite July the shipments were 3,750,249 tons against 3,692,trade at the present time is reported so unsatisfactory. 378 tons, in August 3,949,892 tons against 3,836,366
The companies pursued a policy of restriction, but tons, and in September 4,001,571 tons against 4,005,they did not carry it far enough, and hence, as in other 514 tons. If it had not been for the silver agitation
years, they mined coal greatly in excess of the demands and the great depression in business resulting there­
of the trade. Hare is a record of the yearly produc­ from, the market might have been able to take these
tion (or more accurately the shipments to market) large amounts of coal after the previous heavy curtail­
ment of the output. As it was, the depression became
since 1884.
Tear.
Toni.
Tear.
Tom.
steadily more pronounced, the demand for coal kept
teee........................ 43 .177.a8 s 1 *8 0 ..................................... 35.407,710
1 * I » ..................
J6.S43.701 188 8 ..................................... 3 8 .1 45,718 i declining, and the companies once more fouud stock*
1894.............................. ..4 1.19 1,20 0
1 8 9 3 . ....................
4 3 . 0 9 9 ,3 3 0 1
slise soa I rapidly accumulating. In the latter part of the year
I M . ................................ 41.993.320 1885............................................31.6 2 3 :5 2 9
*‘
1W 1...........
40,448,330 188 4 ..................................... 30,756,995 restriction appears again to have been resorted to, but
1 *0 0 ...............
35 ,8 3 5 ,1 7 4
obviously not to a sufficient extent to meet the require­
la considering the present accumulations of ccal, ments of the situation.
the fact should not bo overlooked that they arose out
Considerable interest attaches to the amounts of
of totally different conditions from those which have coal mined by the different interests, and on that
•0 frequently existed in tha pa it.
They are not point we are able to present the following comoarison
the oatgrowth of a lack of harm any among the with the two years preceding.
different prodacing interests, but are the result
-------- 1 8 9 0 .---------. --------- 1 8 9 5 .--------------------1 8 9 4 .-------- .
Amount. P .C t. Amount. P .C l. Amount. P .C t.
of a miscalculation as to the amount of ccal
P h il. & R e a d in g ... 9 ,0 1 9 ,5 3 5 20-89 9 .9 0 5 ,0 5 9 21-2 8 8 ,2 8 9 .0 8 8 2 0 02
that would be required for tude needs.
The L elilgh V a l l e y .. .. 0 ,7 4 9 ,1 2 8 15-03 7 ,3 6 0 ,4 5 4 1 5 8 2 6 ,1 2 4 ,6 7 6 15-52
& H u d so n .. > - a „ .
reckleta policy which marked the movement of the D el.
L a c k a w a n n a .. J 0 .8 3 5 ,6 2 1 13-52 6 ,1 5 1 ,1 4 8 13-22 5 ,7 5 1 ,3 8 7 1 3 9 0
P e n u s y lv ’a C o a l.. 1 ,7 2 8 ,9 7 2 4-00 1.7 4 6 ,8 3 2 3-75 1 ,705,198 4 12
unthiajite properties daring other years, and under I>el.
Laok. & W est. 5 ,0 2 7 ,5 3 3 13 03 6 ,1 2 9 ,2 6 1 13 17 5 ,9 9 7 ,9 8 9 1 4 -4 9
which every compaiv m in d praoti ally witnout limit, C entral o f SL .1 .... 4 ,9 9 9 ,0 0 3 11-58 5 ,3 8 8 ,1 9 4 11-57 4,847.8-<6 1 1 7 1
O th er r e g io n s ........ 9 ,2 1 7 ,6 9 3 2 1 -3 5 9 ,8 6 4 ,8 1 3 21 19 8 ,3 74,970 2 0 24
was atandone I io Jaiuo-y 1896, after its disastrous
T o ta l.................4 3 ,1 7 7 ,4 8 5 100 0 4 0 ,5 45.761 100 0 4 1 ,3 9 1 ,2 0 0 100-0
consequences ha 1 become apparent to all. It was then
Under the agreement of January 1896 the Raiding
determined that the outputof coal should ba restricted was awarded 20£ per cent of the output; its percent
so as to prevent the continued overstocking of the agp, it will be observed, actually was 20-89, as agaiist
market, with its ruinous effect on prices.
21-28 per cent in 1895-

F

ebrcaby

THE CHRONICLE.

6, 1897.]

2t>3

year the balance remaining for the stock was only
& $2,054,334, and as $3,711,332 was paid out in divi­
dends, there was a deficiency in the large snm
We have obtained, as in other years, a statement of of $1,656,998. In 1895 the balance for the stock,
the earnings and income of the Cnicago & North West­ as already stated, was $5,035,221; in 1896 $4,325,283.
As the company’ s fiscal year ends on May 31, it is
ern Railway for the twelve months of the calendar
year. The company s fiscal year ends on May 31, and interesting to separate the results for the first five
The
though monthly returns of the gross earnings are reg­ months from those for the last seven months.
ularly given out, no returns of the net are furnished first part of this period belongs to the old fiscal year,,
except in the annual reports. Hence the present and wa3 therefore included in the last annual report;
figures bring the results down to a period seven months the second part belongs to the new or current fiscal
later than that contained in the company’s last annual year. Arranged in that way quite a contrast in the
results between the two periods is discerned.
For
report.
Taking the twelve months of the calendar year, the the five months to May 31 gross is found to have been
showing is quite satisfactory ; the final result is not as $12,583,398 in 1896, against $10,590,771 in 1895, an
favorable as in 1895 but is yet very good. In 1895 increase of $1,992,627; expenses, $8,556,398, against
the company b a l paid 4 per cent dividends on the $6,779,464, an increase of $1,776,934; and net $4,common stock and bad a surplus of $1,909,505 above 027,000, against $3,811,307, an increase of $215,693.
the amount required for the same. In 1896 dividends Thus more than the whole of the gain in gross for the
on the common shares aggregated 5 per cent, and the calendar year and more than the whole of the aug­
surplus is $807,525. The balance rema:ning Icfore mentation in expenses occurred during these five
the payment of dividends was $5,035,221 in 1895 months.
In the seven months since June 1 there have been
and $4,325,283 in 1896. Examination of the ac­
In explanation
counts discloses that this falling off in the amount marked losses in both gross and net.
left for dividends ha3 followed entirely from of these losses it is only necessary to recall that com­
a decrease in the net earnings, and this decrease in the parison is with exceptionally heavy totals in the pre­
net has in turn followed entirely from a gn at augmen vious year. Iu 1895 the spring wheat crop in the
tation in expenses. Gross earnings were $32,177,153 Northwest, as we have so often pointed out, had h3en
in 1896, ajainst $31,558,629 in 1895, a i increa<e of of phenomenal extent, and all the roads running
$618,524, but expenses increas d as much aj $1 473,123, through that section made very heavy gains in
the total being $21,226,925, against $19,753,802 ; a3 a earnings in consequence; the benefits also ex­
consequence the net was only $10,950,228 in 1896, tended in the same way through the early months
of 1896.
On the other hand the 1896 crop of
against $11,804,827 in 1895, a loss of $854,599.
spring
wheat,
though quite good, did not equal the
With reference to the enlarged expenses, we do not
suppose it ha3 any significance except that it indicates extraordinary crop of 1895. Hence the roads duriDg the
thar.)the company is again spending money with ordinary later months of 1896 lost much of what they hai gained
freedom on betterment and renewal account, instead during the same months of 1895. It follows from what
of rigidly contracting all its outlays as it was forced to has been said that a comparison with 1895 alone is
do in some of the years preceding, and particularly unfair; one must a’ so compare with 1894 to get a true
during 1894. If the comparison is extended back to view of the situation.
Taking first the gross, the amount is found to be
1893, it will be found that the expenses are high only
when contrasted with the low totals of 1895 and 1894. $19,593,755 for the seven months of 1896, against
In 1893 gross earnings were $32,472,219, in 1896 they $20,967,858 for the corresponding period in 1895, and
were a little less at $32,177,153 ; in the former year $17,569,771 for the seven months of 1894. It thus
expenses were $21,752,348; in the latter year $21,226,- appears that while there is a loss of about 1£ million
925. It will be observed that there is a very close dollars as contrasted with 1895, there is a gain of over
approach in the totals for the two years, the advantage two million dollars as compared with 1894. The show­
in the ca3e of expenses being in favor of 1896. Below ing is the fame in the case of the net, the amount at
is a summary of the income results for the lait four $6,923,228 for 1896 comparing with $7,993,520 for
years.
1895, but with $5,766,253 for 1894. The results for the
-------------Twelve months ending Dec. 31.----------- . separate months disclose a precisely identical feature.
CHICAGO* NORTHWEST. 1896.
1895.
1894.
1893.
Wnile there are losses as compared with 1895, there are,
Miles road end of year :5,031
{5,031
{5,031
*5,031
with one or two exceptions, gains as compared with
Gross earnings........32,177nS3 31,558,629 29,11*,362 32.472,219
Expenses.................21,226,925 19,753,802 20,110,728 21,752,348 1894. Here are the details .
IN C O M E

STATEMENT
OF
CHICAGO
N O R T H WESTERN.

Net earnings........10,9 5 0 ,2 2 8 1 1 ,8 0 1 ,8 2 7
Charges—
Interest (lesscredits)!I8,403,533 116,443,616
Sinking funds.............
22 1 ,4 1 2
3 2 5 ,9 9 0
T otal.......................

9 ,0 0 8 ,0 3 4

1 0 ,7 1 9 ,8 7 1

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

15,735,973
197,150

6 ,6 2 4 ,9 4 5

6 .7 6 9 ,6 0 6

6 ,9 5 4 .3 0 0

5 .9 33.123

Balance for s to c k .... 4 ,3 2 5 ,2 8 3
Dividends.................... 3 ,5 1 7 ,7 5 8

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

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

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

Surp lns......................

807 ,5 2 5

1,9 0 9 ,5 0 5 def.r,bsb^gqS

8 8 0 ,1 5 4

• Up to Angust 31st mileage was 4 .273 miles, the same as in preced­
ing years; after that the operations of the .Milwaukee Lake Shore &
Western were included, raising the total to 5.031 miles.
I A f t e r allowing for a ere l it of $ 3 5 0 ,0 0 0 for dividends received in
i f hr, l.i ry on holdings of Milwaukee Lake Shore Ac Western stock.
• Milwaukee Lake Shore A Western included for the whole twelve
months.
• After allowing for a credit of $ 2 4 1 ,9 0 7 for Income from invest­
ments in 1895 and $ 2 5 7 ,9 0 9 in 1896.

M O N T H L Y G RO SS AN D NE T EAR N IN G S.
-------- O ruis E a rn ings. ------------- .
CHICAGO A
NORTH WEST

F irst 6 m o s ..
J u n e ................
J u ly ....... ..........
A u g u s t...........
S e p te m b e r...
O cto b e r..........
N ov e m b e r___
D ecem ber___

isoa.
1896.
?
*
.12,683,308 10,590,771
2,489.502
2.935.057
2,860,307
2,64 745
2,755,72.3
3,075,098
2,848,617
3,957,420
3,310,837
3,780,841
2,482,804
3.091.059
2,303.428
2,822,058

T o t a l........ 32,177,153 31,558,620

1894.
1
11,649,591
2,446,765
2,213,673
2,753,072
2,747,6*^5
2,909.671
2,442,703
2,055,612
29,119,362

,-------------- y e t E arn ings.

1896.
$
4,027,000
818,693
905,009
880,148
1,120,107
1,461,413
942,538
743,321

1895.
1894.
3
$
3,811,307 3,242,381
858.915
040,025
932.838
767,303
1,277,900
933,040
1,319,400
938,693
1,680,784 1,007,868
1,001,937
792,134
855,650
681,191

10,950,228 11,804,827

9,008,084

We may sum up therefore bv saying that for the
seven months to December 31 of the current fiscal
year there has been a falling olf in net of, roughly, a
Toe improvement here as compared with 1894 is of million dollars as compared with the net for the same
couree very striking ; but the fact that the exhibit for period of the previous fiscal year. In this previous
1 8 9 4 was e x t r a o r d iu a r ilv p o o r is w e ll k n o w n .
I n that ■year, however, the company’s annual report showed a

I HE CHRONICLE.

2 -0

surplus of *1,851,025 above tb.i 5 per cent dividends
paid.
Whether this loss ebnll be diminished or
increased in tbe results for the fall fiscal y e a r
will depend on the outcome for the five months to
May 31, and as to this no reliable foreca it can be male.
Tbe revenue from the spring-wheat movement will
doubtless be smaller, but the revenue ou other grains
may be larger; the extent of the merchandise t-affic
will be controlled by the course of trade and business.
The company will bave one source of income previouslv lacking, namely a dividend on the common
■hares of the S\ Paul <&0 naha. As the North West
holds 93,200 of these shares, the two percent dividend
just declared will produce *186,400.

COTTON CONSUMPTION A N D O V E R L A N D
MOVEMENT TO F E B R U A R Y 1.

itsceiprs, e x p o r t s a x d s p i n n e r s ’ t a k i n g s .
At the outports the net receipts for tbe month have
oeen greater than last year, but much lest than in
1895, retching a total of 035,878 bales, against 548,118
bales and 938,197 bales respectively. Tue total for the
five rn inths is 1,524,039 b ales in excess of 1895-96, but
exhibits a decrease of 625,714 biles from 1894-95.
Tue exports to foreign p >rcs nave been of fair volume
the outward movem-nt for the month this year being
766,908 bales, against 587,934 bales iQ 1896 and 1,
095,106 bahs two years ago. For the seasou to date
the totil exports are 1,444,017 bahs greater than in
1895 96, but record a falling off of 399,860 bales from
1894 95. Port stocks show a reduction since the first
of January of 205,635 bales, but aie 99,981 more than
at the same date in 1896. Our ueual table of receipts,
exports and stocks is as follows :
*fov»«m*nt from

The marketing of cotton in January has been on a Sept. 1, 1890, to
Jan. 81. 1897
fairly liberal scale, although retarded slightly at the
close of the month by unfavorable weather.
The G alveston...........
T e x a s Clt y,&c.
amount comirg into sight during the month reached Vew O rleans. ..
680,513 bales, against 617,924 bales in January of
1896 and 981,289 bales in 1895.
The aggregate 4avannah...........
Brunswick, 4 c .
amount of the crop of 1896 97 now visible is 6,978,277
P ort R oy al,4c.
bales, which compares with 5,539,567 bales at the close
V llru ln gton .......
of January last year, or a gain of 1,438,710 bales.
W ashlngt’ n ,4 c
o rfo lk ...............
Spinners’ takings bave been slightly less during the N•ewp’
tN ew s,4 o.
•w
Y o r k ...........
month than in 1896, and their total takings for the five
months fa'l below those for the same period of last U it lm o r e ..........
year by 49,887 bales, and contrasted with 1894 95 the 'it la d e lo h la ...
San F r u n cls c o ..
decline is very material.
Z Total 1890-7...
OVERLAND

M O V E M E N T TO P E B R U A R T 1 .

The gross rail shipments in Jiouary have been
127,613 bales, against 119,780 bil-s last year and
186,173 bales in 1895. The inorease over a year ago in
the total for the season to date now reaches 92,478 bales,
but contrasted with 1894-95 the decline is 396,655
bales. The net for the month has been 69,516 bales,
or an increase over 1896 of 7,888 bales, the total then
being 61,628 biles. In 1895 the net reached 96,092
bales and in 1894 was 88,963 bales. Tbs aggregate for
the five months records a gain over the like period of
last year of 29,879 bales, but contrasted with two years
ago the falling of! is 303,786 bilee. The details of the
whole movement overland for three years are ap
pendtd.
O T H U U I D SB OK SEfTKM BBB 1 TO JANUARY 3 1 .

189C-97.

1895-96.

1894-95.

AnounItSipped
v a s t Louis...... .

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

V U C a i r o ......................................................... .

V U P irtrr.................................. ...
Vim Evmnavtl]» ........... ............ .........
VU LouUrUI* .................................. .
VU ductus*tl. ................. ................
VU otbmr rem ta n .......................
■mippnd to mill*, not lueinded mborm.
r - .; * ! •

8BB/.93
206,663
10,818
2,178
102,291
93.691
79,2 7 8

6,501

382, 160
178, 925
13, 107
47
97, 577
57, 843
58, 391
6,.182

659,82i
251,01:
21 , 10!
2,69
130,23:
116,83'
94,05'
7,58

886,716

794,238 1,283,37

241,038
3.134
2,712
11.432
4.031

172, 633
2, 405
3, 255
11 , 634
3, 133
943
,268
730
967

IMwl lUymoli —
OvsrUod to Krw York. Boston. Ac . .
Sotwnra interior town* .. . .. .
....
SmiTraton. Inlmad sod loom! mill*........
JVow OrU rnot. 1nlmod ood loom] mills...
MoMK Inlood sod local mills...............
SOTsnnml). Inlmod mod local mills..........
( A w U l m , lolmnd mnd local mills. . . .
» . Carol * port*, lolmnd mnd loom! mills.
Virgin!* ports. Inland mnd local mills.

1,002
260
3,961

fatal to !>« dednirtmd______

287,570,

U t r t t r total oat nrmrlmnd*

819.146

* T h is total I n c lu d e * shtpm anu t o Canada b y r a il,
Soptombrnr 1 In 1896-97 amounted to 45,5 8 2 bales; In

4 3 ,1 2 4 Salas, and In 1894-96 were 55,3 1 4 bales.

296,301
16,708
2,330
16,917
12,339
1,845
8,281
739
4,972
360,139
922,932

bloh since
1 8 95-96 were

[V ol . LX1V.

Receipt* Receipt* EXPORT® SINCE 8 EFT. 1, 1890 TO—
Stocks
tin ce
aince
J a n . 31.
Great
Sept. 1, Sept. 1
France. Conti­
Total.
1890.
1895.
B rita in •
nent.
1,1-0.703 ; 58,372
79.:^S
78,141
1.61*0,697 1,355,247
237,74d 101,915
V2,573
64,272
697,116 583,803
130.832
91,449
343.021
234,075
41,473
68.42H
147,002
222.38*
7S2
719
010,48. 239,027
13.68A 148,090
4 1,223
30,705
12rt.5^5
80,539
44.64 P
28,800
28.581
20,580
5,569.131

030.107

148.010

005.485

297,359

45.784
48,203
80.502

15,341

f 6,0 74
95,431
132,331
7,500
192,271
00,497
0.979
103
2,316,973

211,515 090,271
14,022
14.022
390.003 1.293.447

270,963
3,865
101,351
104.803

334,607
84,427

120.035
0.213
390, <90
33,583
80 982
3,377
63,720

60,074
200,234

9.330
20,953
1,504
294,230
22.241
5,649

5, .00

82,000

17,f84

101,541

109.531
7,500
311,496

6,762

38,377
349
28.270

104,020
7.328
28,373

489,985 1,384 792 4 194,750 l,08i»,48l

Total 1895-0 ..

4.036.122 1,276,921

352.712 1,122,100 2.750,733

T o ta l 1894-5...

0.181.846 2,309.945

587.010 1.037.e55 4,594,010 1,075,697

939.500

• Great Britain escorts tnolade to tlie Channel

Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has
reached a market through the outports and overlaud,
and the Southern consumption, since September 1, this
year and the two previous years, i3 as follows.
1896-97.

1895-96.

1894-95.

Secelpts mt t i e ports to Feb. 1___bales. 5,559,131 4,03 5 .1 2 2 6 .1 8 4 ,> -4 5
<«t shlpmentsoverland during same time 619 ,1 4 6
5 8 9 ,2 6 7 1 922 ,9 3 2
Total receipts ................................ bales. 6 ,178,277 4.6 2 4 ,3 8 9 7,1 0 7 ,7 7 7
ontliera oonsumotlon since September 1 455 ,0 0 0
4 * 2 ,0 0 0
3 8 8 ,0 0 0
Total to Feb. 1.. .........................bales.

6,6 3 3 ,2 7 7 5 ,0 6 6 ,3 8 9 7 ,495.777

The amount of cotton marketed since September
1 in 1896-97 is thus seen to be 1,566,888 bales more tlian
in 1895 -96 and 862,500 bales below the total for 1894 95.
To determine the portion which has gone into the hand
of Northern spinners during the same period we have
prepared the following:
Total receipt® to January 31, 1897, wa above...............bale®. 6 ,6 3 3 ,2 7 7
Itookou uaud ooiuuiHuuHiueuh or year (dept. 1, 1896# Northern port®....................................
7 0 .9 9 0
kt douthern port® ............ ...........
151.688
2 2 2 ,6 7 8
Kt Northern luterior marker,*. ............... ...........4 .0 5 6
2 2 6 ,7 3 4
Total supply to January 3 1 .1 8 9 7 .. ....................................... 6 .8 6 0 ,0 1 1
» ’ ll'® Mtipply there ha® been exported
to foreign port® since Sept. I, 1 3 9 6 ..4 ,1 9 1 ,7 5 0
l*#*i*#> foreign our,ton Include'! ..b a le ® .
2 3 ,9 5 7 4.1 6 7 .8 1 3
1-nr to Uatiadu direct from
... .
...........
4 5.582
Birnt North and flouth....... .........
... ..
2,138
Mock on hand end of month (Jan. 3 1 ,1 8 9 7 ) —
%i sNortliero p ort® .........................
3 5 1 .7 4 3
4 1 douthern port® ................................
7 3 7 ,7 3 3 - 1,089,481
*» fo rth *™ interior m a r k e t * ,...___
4 ,3 1 0 5 .3 0 9 ,3 ® 4
Tot. taking® by spinner® slnoe September 1 ,1 8 9 6 ..................... i,.}o o ,6 2 7
Taken by Southern eplnnors.............................................................
4 5 5 ,0 0 0
Taken by Northern spinnera tnoe September 1, 1 8 9 6 .* ....
Taken by Northern spinner® same time in 1895-90...................

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

Decrease in taking® bv Northern spinner® this year .bale®.

4 9 ,8 8 7

The above indicates that Northern spinners had up
to Feb. 1 taken 1,095,627 bales, a decrease from the

THE CHRONLCLE.

F h b r u a b y 6, 1897.]

265

corresponding period of 1895 96 of 49,887 bales and a reduced on most 4 4 makes £c. per yard about the
middle of the month, bringing leading makes to the
loss from the same time of 1894 95 of 451,736 bales.
lowest
prices ever recorded for them without eliciting
AMOUNT OF CHOP NOW IN SIGHT.
anything
like an adequate response, whilst brown and
In the foregoing we hare the number of bales which
coarse
colored,
although rarely openly changed, are
has already been marketed this year and the two
nearly
all
easier
to buy at the close than when the
previous seasons. An additional fact of interest is the
month
opened.
Print cloths have ruled steady in
total of the crop which was in sight on February 1
compared with previous years. We reach that point price, with occasional active buying. M inufacturers
by adding to the above the stock remaining at that date have been endeavoring to bring about curtailment of
at the interior towDs less stock held by them at the working hours from 58 to 42 hours per week for
beginning of the season. In this manner we find the thirteen weeks and have apparently succeeded in
securing their object. The total stock of cloths de­
result for three years on February 1 to be as follows:
creased 382,000 pieces during the month
1896-97.

1895-96

1891-95

Total inarKeted, aa above— bales.
1ntertor stocks in e xoessof Sept. 1 .

6,^33.277
345,000

5 ,066,389
473,178

7 ,495,777
4 3 5 ,COO

<

Total in sight.......................bales.

6 ,978,277

5 ,539,567

7,9 3 0 ,7 7 7

<

This indicates that the movement up to January 1
of the present year is 1,438,710 bales more than in
1895-96 and 952,500 bales hss tnan in 1894 95.
As it will interest, the reader to see what has come
Into sight each month of the season during this and
previous years, we have prepared the following, which
shows the movement for the last four seasons.
Months.

1896-97.

1895 96

1894 95

September.............
Ootober...................
Novem er...........
December...........
Tanuary.................

1,222,287
1 ,8 91,562
1.634,210
1,549,705
6 80.513

54 2 ,3 9 4
1,722.122
1 ,3 21,097
1,3 3 6 ,0 3 0
617,924

66 3 ,7 0 3
2 ,1 1 6 ,*3 0
2 ,1 9 7 ,1 6 7
1 ,971.988
981 ,2 8 9

5 11,273
1,637,555
1,704,608
1,613,603
750,991

Total 5 months.
Balance season..

6,9 7 8 ,2 7 7

5 ,5 39,567
1,622,906

7 ,9 30,777
l,9 o l,9 8 9

6 ,218.030
1,309,181

7.1 6 2 ,4 7 3

9 ,«9 2 ,7 6 6

7,527.211

Total crop . . . .

WEIGHT

1893-94.

OF BALES.

To furnish a more exact measure of the receipts up
to January 31 we give below our usual table of the
weight of bales. We give for comparison the figures
for the same time in the two previous years.
Five months ending Jan. 3 1 ,1 8 9 7 .
Number o f
Balts.

Weight in
Pounds.

Same
Same
peri'd in peri'd *>
1895-96 1894-95

Average Average Aver ay •
Weight. Weight. Weight

T exas.................
Louisiana...........
Alabam a...........
Georgia*.............
8onth Carolina.
Virginia.............
Worth Carolina.
Te inessee, A c ..

1,239,147
1.699,697
2 37.746
8 92,220
402,047
624 .0 7 0
223,166
1,315,184

6 5 4 ,6 4 1 ,3 6 0
8 6 5 ,9 95,621
119,82 3 ,9 8 4
43 2 ,9 3 1 .9 1 1
194,980,733
298,61 7 ,4 9 5
1 09,177.271
655,61 9 ,2 2 4

528 30
50950
5 0 4 00
485-23
484-97
478 50
489 22
498 50

526-62
511-98
499-00
483-44
478-85
4 84-60
489-31
5 0 0 03

534 60
514 57
508-00
491 35
490-84
494 16
494 61
498 80

Total............

6,6 3 3 ,2 7 7

3,331,7 8 7 ,5 9 9

502 28

502-65

508 38

• Including Florida.

It will be noticed that the movement up to January
31 shows a decrease in the average weight as compared
with the same period of last year, the average this year
being 502-28 lbs. per bale, against 502’ 65 lbs. per bale
for the same time in 1895 96 and 508 38 lbs. in 1894 95.DRY GOODS TRADE DURING J A N U A R Y .

The month opened with exceedingly quiet conditions
prevailing in all departments of the cotton goods mar­
ket, b i t with expectations of a gradual improvement
in business. It was known that j ibbers and converters
were as a rule lightly stocked with merchandise, and
hopes were entertained that their imperative require
ments would expand and so compel more liberal pur­
chases at first hands. In priutei fabrics for spring
these hopes have been fairly realized, but in other
directions they have met with disappointment, neither
brown, bleached nor coarse-colored cottons moving at
any time in other than small quantities in the way of
general business. Toe tone on these has been weak.
I i the matter of bleiched cottons quotations w ere

1897.

1 ..
2..
3..
4..
5..
6..
■/..
8..
9„
LO..
11..
12..
13..
14..
15..
16..
17..
18..
19..
20..
21..
22..
23..
24..
25..
26..
27..
28..
29..
30..
31..

1 8 96.

OotVn print- Sheet- Lanlow
ino
ings, caster
mid- cloths, stand- gingdling. 64*64 ard. hams
21 *

_
%
6**,e
64,
61'16
«*3,e
7

2

%
2 *,
2i*
2 *,
2*9
2 Hi

6k
615,,
6">18
6>61b
615u
6k

2Hl
2H>
2Hj
2Hi
2 Hi
21,

6131P
67.
61S„
6>519

2Hi
2i*
2Hi
2Hi
2 H,
2H)

6

«

I.

615,,

6k
2Hi
616,
2i*
6 5,6 2**
61616 2 H i
6 '5 le 2Hj
615„ 2Hi

54

. .8...
5*4
5M
5*4
5*4
5*4
5*4
...9 . .
514
514

SH
5>4
5Hi
5*4
.. 9.
5-4
5 4

0 *4
6*4
514

5

5

5
5

5

5

5
5

5 •
5
5

5

5
5

5
5
5
5
5
5

5
4 7a
4k
•lk
4k
4k

5
5
5
5

4k

5k

5
5

5k

5

514

5
5
5

5k
5k
5k
5k

S'th'n OotVn Print- Sheet Lan- S'th’n
low
mg
3-yd .
ings, caster
mid- cloths, stand- ging- sheet•
sheetings. dling. 64x64 ard. hams ings.

4k
k
4k
4k
4 78
4k
4 7fl

7 15ui
7 15ie
7*°16

3-00
300
3 00

V i°16
71 16
7>5„
7k
71 6 ^
716jf

5 4

5*4
5*4

5=4
538

3 00
3-00
3-uO
300
3-00
3-00

5k
5k
-.8 ...
5k
5k
5 34
ok
54
5k

5*4
5*4
5*4
5*4

5k
5*8
53q
5k

5*4

535

7k
7'->16
7 13ia
713,6
7 1-*ia
713!

3*0 0
3-00
3-00
3-00
3-00
300

5k
5k
5k
53*
53*
5k

5*4
5*4
5*4
5*4

53a
53s
538
5k

5*4

5k

713„
715,6
7*5,6
71516
715, a
7 i5 ,« i

...8...

'3 0 0

6k
5k
5k
5k
55g
5*8

5*4
5*4
5*4
5*4

5 14

7k
7k
7k
7k
7k

2-87
2-75
2-75
2-75
2-75

3 00
2-87
2-87
7
2-87

514

5*4
5*4
5*4

f»4

5*4

54

54
4 7q
5*4
4 78
5
559
5 Hi
5
4 78
5k
5*4
5k
5*4
V fT The above prices are— For cotton, low middling uplands at New
York; for printing cloths, manufacturers’ net prloes; for sheetings aud
ginghams,agents’ prices, whioh are subject to an average discount of 5
per c e n t,e coept when otherwise stated ; Soathern sheetings net.

B U SIN E SS

IN

ENGLAND

5k
5k

54

IN

5*4
5*4
5*4
5*4
5*4

1896.

[Communloated by Our London Correspondent.]
L o n d o n , Saturday, January 16, 1897.
The past year has been marked by political .appre­
hension more keen and widespread than for a very
long time past. • At the very beginning occurred the
Jameson raid, an event which even to-day is not fully
cleared up. Toe excitement caused by the Venezuelan
meesage was only just dying out, aud the massacres in
Turkey were still causing fears of a re opening of the
Eastern Qiestion, when this inexcusable attack upon a
friendly neighbor occurred. Tne message of the Ger­
man Emperor evoked such indignation in the United
Kingdom as astonished close observers at home and on
the Continent, and in respmse to the public feeling
the Government fitted out with hot haste the Flying
Squadron. Fortunately the good sense of the German
and British governments prevented untoward conse­
quences, and although ever since then a portion of the
German press has been unfriendly, the relations be­
tween the two countries have remained as before.
In South Africa the atatesmausnip of President
Kruger restrained the Bo8rs an i averted collision with
the British. Tne situation, however, remained strained
for several months, and whe i thi leaders of the Na­
tional Union were condemned to death there was much
fear of a reawikeiing of racial animosities. The
policy pursued by Mr. OUamberlaia aud the aoility of
President K iiger, however, have availed to avert
trouble, and in spite of the anger caused in the Trans­
vaal by Mr. Rnodes’s triumphal processioD, there is un

2m

THE CHRONICLE

lVOL, LX1V.

doubuJljr a much better feeling throughout S>uth to be no doubt mat m« Cjuttuuut.il Powers generally
Africa n o» then there w.a twelve months ago. But have advised Spain to take this coarse.
For the first half of the year the credit of the Indian
the country ht» sufferel through the failure of the
crop* owing to drought and from rinderpest. Tne Government steadily improved. I i the previous year
MsUbele insurrection for a tims » u the ciuse of am - the G ivernment hid been able to convert its rupee
letr to both the British and the Transvaal govern­ deb: from 4 per cent into 34 per cant, and la«: year it
ment*, but after a protracted resistance it has bean was able to raise a small lo in in India at 3 psr cent.
completely suppressed, and the Bechuanalnnl rising Moreover the Government engaged in a policy of more
active railway construction, and E iropeai invtstors
does not seem to be very dangerous.
In the early spring the Italian defeat in Africa pro­ were themselves more ready toengage in railway budd­
duced a great sensation throughout Europe. For a time ing without Government guaranties than formerly.
there were serious fears of a revolution at home, and Altogether the prospect until midsnmner was very
afterwards there were apprehensions that Iatly would favorable. Unfortunately the monsoon rains failed
hare to withdraw from tin Triple Alliance and to re­ and the consequence wa3 a great deficiency in tne food
duce her ilaet, and taat thereby the balance of power crops of the people.
Tnere was likewise drought in South Africa and
on the Continent and in the Mediterranean would be
completely altered. Italy, however, has been able to Australasia, and the consequence of all this was such
retain her place in the Triple Alliance, and has con­ a demand for wheat as in September sent up the price
cluded peace with Abyssinia, and there are signs at suddenly and unexpectedly. Tne more active railway
construction, largely assisted by Government loans,
last of a revival of trade.
Hardly had the worst fears repecting Italy passed and the preparations against famine have made money
away when renewed massacres in Turkey, the Arme­ very stringent in India. The minimum ba lk rates in
nian attack upon the Ottoman Bank, the slaughter of Bengal and Bombay have risen to 10 percent, while
Armenians in the streets of the capital, called forth so 12 per cent is the usual charge in the native market.
much indignation in Eagland that it looked a3 if the As yet, however, there are hopes that famine may be
Eastern question would inevitably be re opened. Prince averted and that the stringency in the market will not
Lobanof, who at the time directed the foreign policy bring on a crisis.
We have reserved for the last place in this brief re­
of Russia, was strongly opposed to any intervention,
and consequently it was apprehended that if England view of the great political events which have exerted
did interfere to protect the Armenians, a war with an influence upon markets, the Presidential campaign
Russia would be the inevitable consequence.
Tae in the United States. It was watched throughout
death of Prince Lobanof has since modified Russian the United Kingdom with the keenest interest,
foreign policy. His death occurred just as the Czar not only because of the immense investments of
was setting out upon his visit to the great European the British people in the United States, but because
capitals, ani as the Czar has oaly just filled the also of the close kinship of the two pooples and the
vacancy thus occasioned, he has been more completely similarity of their institutions. W hileitcon:inu9d itex his own Foreign Minister than before. His intercourse ercised a very depressing effect on the money market an d
and communications with so many sovereigns and min­ the Stock Exchange, and it undoubtedly checked other bus­
iness because of the uncertainty that was felt. The great
isters have, no doubt, opened his eyes to many things
victory o f Mr. M cKinley was hailed with satisfaction, and
not previously understood by him, and it is said that the hope grew as the year drew to an end that the United
the indiscretion of one of the French ministers for a States was entering gradually upon a new period o f pros­
while lpwered very considerably the influence of France perity. And although there has not been much investment
as yet, and probably will not be for some time longer, the
with him.
Both in St. Petersburg and in Paris it is reported by revival in the United States is being followed watchfully by
all classes here.
persons who ought to know that the French Minister
Trade was exceedingly active and prosperous throughou t
tried to indace the Czar not to resume specie pay­ the year. The value of the imports s ome what exceeded 411 %
ments. This was naturally offensive to the Russian pounds sterling, the largest total ever readied in the history
Finance Minister as well as to the whole of the Russian of this country ; 1831 was previously the year o f largest im ­
ministers, and the immediate result was a cooling of port, but in that year much British money invested in other
the former very intimate relations. At all events countries was being withdrawn in hot haste. The failure of
the great house of Baring Bros, in the autumn of 890 had
Russia not only refused to join with France in oertain affected the credit of most other houses in the city, and to
financial proposals regarding Turkey, but has since strengthen themselves and guard against contingencies,
been decidedly more in accord with English opinion. almost everyone in business who had much money em ployed
It is generally believed, indeed, that the principal re­ abroad called sons? of it home. Allowing for the fact, th e n ,
sult of the Czar's visits has been to impress him with that much of the imports in 1891 represented capital w ith­
drawn, an d that prices were higher then, the import trade
the necessity of an intervention by all the powers at
of 1896 very much exceeded that o f 1891. The value of the
Constantinople.
exports of British and Irish produce and manufactures last
Meanwhile, Spain was vainly endeavoring to re­ year amounted to almost 240 millions sterling, an increase
cover her authority in Cuba and in the Philippines. o f nearly 14 million sterling compared with the year before.
She was unable to borrow abroad, but she raised a But the total was, nevertheless, smaller than that for 1890,
gTeat loan at home, and she maintained, for her, a vast which therefore remains the year of largest exports in our
history. It is to be remembered, however, that as in the
army ia Cuba. As the year advanced the fear of in­
case o f the imports prices were much higher in 1890, and
tervention oo behalf of Cuba by the United States besides, the great boom, which ended with the Baring co l­
grew stronger, and this fear was very keen just before lapse, operated to swell the foreign trads in 1893. L ist yea r
President Cleveland's message to Congress.
Since there was no boom ; even th ; mining craze h a l come to an
then strong hopes have been entertained that the end.
Returning to the imports, we find a very marked increase
Spanish Government would seize the opportunity
in the raw materials for manufactures. The imports of c o t ­
afforded it to come to an arrangement with the United
ton were on an immense scale, so were the imports o f w ood,
States and settle the Caban question. There appears and so also were.the imports of iron. The food imports were

F k b r u a b ? 6, 18t7,J

THE CHRONICLE

exceedingly large, but the quantity was only about the same
as in the preceding year. The prices, especially of wheat,
as already stated, rose very considerably in September.
There was a marked increase likewise in manufactured arti­
cles, and particularly in silk. It would seem that the alarm
reated in the United States by the nomination of Mr. Bryan
checked in a remarkable way the imports of silk into the
United States, and that silk makers, in consequence, sent
an unusual quantity into the United Kingdom.
In the exports we find there was an extraordinary falling
off in American purchases of our goods. On the other
hand there was a very marked increase in the purchases of
India, of the Australian colonies, of China and Japan, of
Germany, of Argentina, and all the South African colonies
and republics. The result is that, as already said, our ex­
ports increased largely compared with the year before,
which also showed a great improvement on the year imme­
diately preceding; but they are not yet quite as large as in
1890. The fact that there iias been so marked an increase
in the imports of the raw materials for manufactures is itself
striking evidence of the belief of manufacturers through­
out the United Kingdom that the new year will be even
more prosperous than the past. And the reports from every
direction are to the effect that there is less want o f employ­
ment and more activity than there has been since the
Baring crisis.
The home trade, as distinguished fro n the foreign trade,
has been even more active and more prosperous. It has
been noted with regard to the foreign trade that we have
had to pay more for our imports generally, and especially
for our imports of wheat and wool, because of the failure of
the crops in India and Australia consequent upon the
drought; but there has not been a corresponding rise in our
exports. Although, then, the foreign trade has been on so
large a scale, it lias hardly been so profitable as in 1895. On
the other hand the home trade has been exceedingly profit­
able as well as active. It is a notable fact that all through
the depression that followed the Baring crisis the home
trade continued good. During the past year it expanded,
the evidence for the statement being the clearing-house
returns, the railway traffic returns, trade returns and circu­
lars, and the trade-union’s statistics of employment.
Agriculture was undoubtedly better last year than in the
year before. There was a long drought during the spring
and summer, but in 1895 it continued so long that the green
crops and the hay suffered very severely, and even some of
the grain crops were affected. Last year rain came in time
to prevent very grave damage to the green crops in general,
and the second hay crop was good.
Perhaps the most active o f all our industries was that of
iron and steel, due in the first place to shipbuilding, in the
second place to the bicycle boom and in the third to the d e ­
mand for machinery and railway material for abroad. The
demand for bicycles continued ahead o f the supply from the
very beginning to the very end of the year, notwithstanding
large imports from the United States and some other coun­
tries: and there was an immense number of new compa­
nies started to satisfy this demand.
Shipbuilding, too, was exceedingly active. During the
year the total output of the United Kingdom was 751 ves­
sels, of 1,324,000 tons, in round figures. Of these, 55 vessels,
o f 104,000 tons displacement, were war ships launched at
"the Government and private yards. The trading steamships
number 628, and the gross tonnage was 1,114,000; while there
were only 68 sailing vessels, of 46,000 tons. The output ex­
ceeds that of 1895 by more than 208,000 tons, the increase
being exclusively in steamers. The steam tonnage was larger
than for any of the preceding eight years. More remarkable
was the falling off of the sailing tonnage, which constituted
as much as 24 per cent of the total in 1892, and was only 4
per cent last year. Of the tonnage of the steam vessels con­
structed last year it is worth notice that 99-3 were built of
steel and only 0"65 of iron. As the iron steam tonnage was
practically made up of trawlers and comprises no single
vessel of more than 212 tons, it may be said that virtually
all the vessels built were of steel. Of the sailing tonnage
96J^ [»er cent was of steel, the rest of wood. It would
seem from all this that iron has gone out of fashion for
shipbuilding.
Of the total tonnage of all kinds built last year, in round
figures. 810,000 tons were for the United Kingdom, being

267

about 70 per cent. The remainder, measuring 350,000 tons,
was for the colonies and foreign countries. The wrecks of
United Kingdom vessels during the year were about 269,000
tons, and there were, o f course, purchases of old vessels, both
steamers and sailing vessels, by foreigners. Altogether it is
estimated that the sailing vessels used in the United K ing­
dom decreased for the year by about 106,000 tons, while the
steam tonnage increased by 323,000 tons ; the net increase,
therefore, for the United Kingdom is about 217,000 tons. Of
the tonnage built in 1896 Germany was the largest single
purchaser, having ordered from our shipbuilders vessels of
about 118,000 tons, in round figures ; Russians second w ith
34,000 tons ; Norway third, with 28,000 tons ; Denmark and
Japan come fourth, with over 24,000 tons each; and the
British Colonies follow with 16,000 tons.
It is remarkable that after a year of such activity in ship­
building the vessels under construction on December 31
were nearly 785,000 tons, being about 73,000 tons more than
on the last day o f 1895. A t the present time Japan takes the
lead among the foreign customers of British shipbuilders.
During 1895 she acquired 68,000 tons o f old British tonnage.
Twelve months ago she had only 2,000 tons under construc­
tion. During 1896 the old .tonnage sold to her was about
14,000. But ac the present time 62,000 tons are under con­
struction, besides two first-class battleships. There has like­
wise during the year been a very active demand for locom o­
tives for foreign railways, for machinery, for textile manu­
facture and for mining machinery. South Africa had for
some years been an exceedingly good customer for mining
m achinery; last year were added the demands of Western
Australia, New Zealand, Tasmania and British Columbia.
In the textile trades the course o f events has not been
quite even. For example, in the linen trade Belfast has
been complaining while Dundee has been prosperous. In
the woolen trade, again, the failure o f American orders
caused a slackness during the latter part of the year in A orkshire, while in other districts the mills were working full
tim e.' So, again, with regard to cotton, spinners have been
very actively employed, and have done well, while weavers
complain that the year was unprosperous. It has been
observed above that silk was sent to this country in excep­
tionally large quantities, and the explanation given is that
the market had dried up in the United States, and conse­
quently everyone who had to sell shipped his goods to the
United Kingdom. The woolen trade has had less prosperity
likewise because o f the state o f things in the United States.
The falling off in the American demand for raw wool was
very marked. A t the end o f 1895 and the beginning o f 1896
Americans bought actively, and also placed very large
orders in Yorkshire. As the summer advanced the Ameri­
can demand fell off, and since the two great national con­
ventions were held practically no orders were placed in this
country.
On the other hand, the supply o f Australian wool was very
short. For two whole years now the Australian colonies
have been suffering from drought. The mortality in sheep
in 1895 and the beginning of 1896 was very great, and almost
the whole of the young lambs were lost; consequently the
clip was exceedingly small, and there was a reduction o f the
sales in London of as much as 200,000 bales. In cotton there
was a rather rash speculation in the early part of the year;
since then there has been a decided fall. Such spinners as
had not engaged in the speculation have done exceedingly
well, for the foreign demand lias been very large, but weav­
ers complain that they liave not done so prosperously. The
failure of the crops in India largely accounts for this, and it
is to be feared that the losses o f the weaving branch will be
heavy during the present year. Not only is there the danger
of famine in India, but the plague in Bombay and Kurrachee has totally disorganized the import trade.
For the first eight months of the year the money market
was quite as easy as it had been during the preceding tw o
years. In April the rate o f discount in the open market was
as low as
per cent, while loanable capital was so plentifu
that much of it could not be used, and throughout the first
eight months the rate of discount in the open market seldom
reached 1 per cent. The tension in the American market
during the electoral campaign, and the great demand for
wheat because of the failure of the crops in India and Aus­
tralia, led to such a demand for gold for the United State s
that suddenly rates rose in London, and in September the

2 8 8

TH E

C H R O N IC L E .

[V ol. u a v .

lUnk o f England advanced its rate of discount to 3% per them, but during the second half they have made decidedly
o*>ui fn ;» ‘ \—
-r .‘ lit, at which tin* rate had stood for two improved profits.
There was very little activity in the silver market during
.wars an i -•••i, u month*, a a mttuuQgr W # j f t r i « i Au active
demand for gold ats:i sprang up for Russia, Germany, Egypt the twelve mouths. The price opened at 30%d. per oz. and
and South America; the principal drain, however, was all along did not move very much until the victory of the silverites
. !i IcceiiC li i- at the Chicago Convention led many people to hope that
ist.-r h,s fur a l..n< tune been preparing for the resumption o f something might be done by the United States to rehabil­
specie (Mymeats in gold. Daring the past year he hastened itate the metal, and though there was no excitement
his preparations, as it is understood that the plan he had the price advanced to 31 0-16d. Gradually, however, as
drafts* S r< ,-eived the approval of the Czar, and he hoped at a the sound money party exerted itself the quotation de­
very <-tj*h date to put it into execution. Russia, therefore, clined, and since the defeat of Mr. Bryan and the failure of
drew njHiu Berlin and London for very large amounts. The the crops in India there lias be,en a fait to 29 J8-i6d.
During the year the price o f consols rose to the highest
Imperial Bank of G-runny preceded the Bank of England
in raising its rate, and the drain upon London proved so con­ point ever recorded. In January President Cleveland's Ven­
siderable that between the middle of August and the 21st ezuelan message, the atrocities in Turkey, the Jameson raid
of October the gold in the Bank of England was reduced and the German Emperor's telegram, together with the
by 1 1 % millions sterling. At- the end o f June the totaj great break-down in the mining market, caused so much
stock its tin Bank o f England exceeded 49 millions sterling; general apprehension that the quotation fell to 105%. As
on the 21»t of October it was very little over 36 millions soon, however, as it became apparent that there would be
no serious quarrel, either with the United States or Ger­
sterling,
Ore u as the tlrain was, and unexpected as it proved to be, many, that the British Government did not intend to inter­
the -! c’ k held by the Bank of England was sufficiently vene in Turkejq and that. President Kruger would be able
large to have prevented any considerable movement in the to control the Boers, the price steadily advanced, and tw ice
market, were it not that the Bank keeps for the Japanese or three times during the summer reached 114, or a very
Government a very large sum which that Government is small fraction under. There were some fluctuations during
free to take away when it pleases. The directors o f the the summer, but in September the large gold shipments to
Bank have been very severely criticised because they did the United States and the growing demand for the metal
not m ike arrangements with the Japanese Government and for Russia, Germany and other countries led to a sharp de­
so protect themselves from sudden large withdrawals. In cline to about 107%. A t the close there was a recovery to
any ease, the fact that the Bank might be drawn upon by about 112.
British railway stocks moved very much in sympathy with
Japan while the drain from the United States, Russia,
Germany. Egypt and South America was so large com ­ consols. They declined at the beginning of the year, rose
pelled the directors to raise their rate in little more than a rapidly as the political prospects cleared and declined again
month to 4 per cent, and created quite an unexpected ap­ when money rates became stiff. The rail way traffics have been
prehension in London. The election of Mr. McKinley in the exceedingly good, and there is every prospect that they will
United States, by restoring confidence, put an end to the d e ­ continue to improve during the new year. Indian Govern­
mand for gold in that country, and as the year approached ment stocks advanced with consols in the first half o f the
its close the drain upon the Bank of England from the Con­ year. So good, indeed, was the credit o f the Indian Govern­
tinent. Egypt and South America also ceased. But even now ment and so promising were the prospects of the country
there is a good inquiry for gold in the open market for Russia,. that a loan o f 4 crores at the rate o f 3 per cent was raised in
The shipment of so much gold from London very naturally India. Naturally the failure o f the rains (and the consequent
checked simulation and lessened the creation of new com- damage to the crops) lias caused a considerable decline.
panics, yet the issuing o f new companies lias been on an
The bonds of the British Colonies and Dependencies moved
enormous scale taking the whole year together. W hile the like consols and British railways; all upwards in the early
Bank rate was 2 per cent, and a large export to the United part and all downwards when money became dearer. The
not anticipated, companies were formed in enor­ colonies, with the exception of Western Australia, did not
mous numbers for all sorts of purposes. Bicycle companies borrow during the twelve months. Foreign government
were exceedingly numerous, so were Western Australia and bonds were fairly steady, with the exception o f Italian and
>*«w Zealand mining companies. South African companies, Spanish, The Italian defeat in A frica caused a very sharp
which had been so plentiful before the Jameson raid, were fall in the bonds to 76. The peace with Abyssinia and the
very much fewer last year.
decision o f the Government to restore order in the finances
The total capital offered for public subscription somewhat led to a marked recovery. A t the close o f the year the bonds
exceeded ISO millions sterling, against 105 millions sterling were 92%.
the year before, and .is little as 40 millions sterling in 1803
The insurrections in Cuba and the Philippines caused
But the issuing of new companies, or rather the capita! Spanish bonds to fall to 59. On French and German buying
a-ked for, was very much less than in either 1880or 1800. Tr they recovered in the summer to 65%, but in September
: t! if* year o f greatest amount in recent times dropped to 56%. At. the close they had risen once more to
the
'<*r. exceeded 180 millions sterling. Aftei 61. Turkish securities fluctuated widely. The “ B !‘ bonds,
mil
d 1m y de companies the largest issues were foi for example, at the opening were 80; in May they had re­
ir e m n
Brewery debentures form a considerable covered to 39; in October they fell to 82, and they closed a
n, anti i
t.ii" amount raised for tea companies in trifle above the latter quotation.
iis hikI i
The chief feature iu the South American market has been
illow musell of tin* capital invited has really been sub the stead}’ and almost continuous rise in Argentine securi­
[feed hy itw* pill ’lie it is impossible to say, The practice oJ ties. Mining shares of all kinds fell heavily on account of
tewj'iti:
>‘>w -so general that most promoters wht the Jameson raid, but they recovered again, and there was
1 capital arrange in that way. It may be very active dealing in Western Australian and New Zealand
1, iiMjftrl
it most of the companies o f any import shares. During the summer a long period of quietness oc­
* are t
riUen, and that the undorwiters have to curred, and in the autumn dearer money caused another
l th#
th<* public refuses to subscribe. Of course fall. South African shares most particularly suffered; in
1 under this method unless the issuing some cases, the quotations wore actually lower than at the
and the underwriters are wealthy. Nora* time of the raid.
engage to tak>* very large sums, but if thi
In the American department there was exceedingly little
public refuses to sub-cribe, many of the underwriters may done until July, when the unexpected strength shown by
In* unable t, i f ii ill their engagements. It is safe to -say, for the silver party created apprehension and caused a fall.
all that, tint not since 1890 has no much money been sub­ The Chicago Convention sent prices down lower still, but
scribed in any year as during 1896.
after a while the energetic action of the sound money party
8o far as trade is concerned the rise in discount and in renewed confidence and there was a gradual recovery. On
terest has not been injurious, but speculation has been very the defeat of Mr. Bryan there was for a few days active
largely checked. Bankers, bill brokers and other lenders of dealing and a general advance, but the market gave way
money have benefited largely, o f course, by the rise. The again, and practically at the close of the year quotations
first half of the year was far from a prosperous one for were about the same as at the beginning.

THE CHRONICLE,

F e b r u a r y 6, 1897.J

289

The appended table, made up from the official statements
The comple trade figures of imports and exports to and
of the Bank of England, shows the position o f the Bank as
from Great Britain for three years are as follows :
E X P O R T S A N D IM P O R T S.
regards bullion, reserve, etc., on each Thursday of the year

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

T otal e x p o r ts .................

2 9 6 ,3 8 8 ,0 0 0

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

T otal m erch a n d ise..........

4 4 1 ,8 0 7 ,0 0 0

4 1 6 ,6 8 9 ,OOOj 4 0 8 ,5 0 5 ,7 1 8

B 3c«Hs-*r»f miD.o^crc^o

1 4 n .4 1 9 .0 0 0

1 3 0 .8 5 7 .0 f0

1896.

1896.—[00,000s

in

D eposits .

Sec u r it ie s

ij a
o .2
s*
c £ ©
£

£

£

£

£

o

omitted.]
M’k e t R ate
3 M onth s’
B an k Bills.

2 2 5 ,8 9 0 ,0 0 0
5 9 ,9 4 2 ,0 0 0

02

| B an k R ate.

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

of En g l a n d

R eserve of
N o te s
and Coin.

E xp or ts .
H om e p r o d u c t s ................
R e-sh ipm ent o f Im ports.

bank

G ov’t.

£

£

! Other.
1

18 9 4 .

P u blic.

£

1895.

B u llion
both d
partm ei

1896.

£
£
Pr.ct. Pr.ct.
14,9
34,0
9,9
56,5
35,3
*2
Jan. 1 .. 26,5 4 5 ,0
1%
7,2
52,8
14,7
27,0
36,3
*■ 8 .. 2 6 ,0 45,5
1%
46,1
8,5
52,2
14,7
27,0
“ 1 5 .. 25,8
37,1
The quantities and values of textile exports from Great
1%
“ 2 2 .. 25,3 47,7
26,7
39,2
9,7
52,8
14,7
1
Britain for the last three years are given in the following
52,4
“ 2 9 .. 2 5 ,3 4 8 ,3
10,6
14,7
26,5
39,8
1
51,0
Feb. 5 .. 25,4 48.6
11,8
14,5
26,5
39,9
1510
table :
49,0
“ 1 2 .. 2 5 ,0 48,1
13,8
14,6
26,4
39,9
E X P O R T S O P T E X T IL E F A B R IC S
16,4
“ 1 9 .. 24,8 4 8 ,8
27,0
47,8
14,6
40,7
1
17,0
47,5
“ 2 6 .. 24,9 49,1
14.6
27,1
41,0
1
1894.
Mar. 4 .. 2 5 ,4 4 8 ,9
18 9 6 .
1895.
1 Q,0
47,1
15,1
27,9
40,4
Y e a r ’ s E x p o r ts .
2 5 ,0 48,9
4«,2
“ 11
18,6
15,1
27,4
40,6
19,2
46,1
15,1
“ 1 8 .. 25,0 49,1
27,6
40,9
Q u a n t it ie s .
13i 6
2 3 6 .1 2 1 .0 0 0
251,989,000
18,7
45,7
“ 2 5 .. 25,4 4«,7
15,1
27,5
40,1
C otton y a r n ................ lb s .1 2 4 6 .5 1 0 .7 0 0
H10
17,2
45,3
15,2
37,1
28,5
P iec e g o o d s........ yds. 5 ,2 2 0 ,3 9 8 .0 0 0 5,032,562,200 5 ,3 1 2 ,3 6 2 ,9 0 0 Apr. 1 .. 20,7 47,1
%
3 4 ,9 2 8 ,3 0 0
34.725,800
13,7
48,9
15,2
“
8 .. 2 6 ,5 46,9
3 7 .2 0 8 .1 0 0
37,1
28,1
J u te y a r n .................... lbs.
q
254,6 9.600
2 3 3 ,4 3 1 ,7 0 0
4 7 ,4
13,1
50,3
u 1 5 .. 26,2
15,2
2 5 7 .1 3 7 .7 0 0
27,9
38,0
P iece g o o d s.........yds.
17,045,600
“ 22 . 26,0 47,9
14,0
1 5 ,5 4 0 ,1 0 0
1 8 ,5 0 4 .4 0 0
50,1
15,2
28.2
38,6
L in en y a r n ..................lbs.
14,2
203,587,600
1 5 6 .2 5 4 .0 0 0
“ 2 9 .. 26,3 4 7 ,6
49,5
15,3
1 7 4 ,1 5 3 ,9 0 0
28,2
38,1
P iec e g o o d s........ yds.
i°i«
61.070.900
5 3 ,0 1 5 ,6 0 0 M ay 6 .. 26,3 47,1
6 2 .2 5 8 .1 0 0
13,7
50,0
15,3
28,6
37,7
W oolen y a r n .............. lbs.
i 3i0
57,657,100
“ 1 3 .. 26.2 47,1
14,1
59.4
4<>,922,000
6 1 ,1 9 6 ,0 0 0
15,3
28,5
37,7
W oolen t is s u e s .........yds.
lt,ia
164,‘ 38,600
1 1 0 ,6 7 4 ,1 0 0
“ 2 0 .. 26,1 4 7 ,3
1 3 6 ,8 2 9 ,4 0 0
15,6
49,3
15,3
29,5
38,0
W orsted t is s u e s ___ yds.
V
£
£
“ 2 7 .. 26,0 47,2
15,2
£
48,8
15,3
28,5
V aldes.
38,1
13i6
9,291,195
9 ,2 8 5 ,6 4 5 J u n e 3 .. 26,4 47,8
14,4
1 0 ,0 4 7 ,5 6 8
15,3
28,6
38,3
C otton yarn .....................
49,9
5 0 .2 1 9 ,3 2 3
14,1
46,759,358
“ 10.. 26,5 48.3
5 1 ,2 2 4 .3 9 6
50,5
15,3
28,5
38,5
P iec e g o o d s...............
%
355,854
3 7 6 ,0 8 4
3 7 8 ,5 6 0
13.1
52,3
“ 1 7 .. 26,5 49,1
15.2
28.7
39,3
J u te y a r n ...........................
1116
2,168,912
2 ,0 4 7 ,8 4 9
“ 2 4 .. 27,0 49,2
2 ,2 6 9 ,7 9 7
13,2
52,2
15,2
29,0
P iece g o o d s................
38,9
1310
9 3 9 ,2 0 2 J u ly 1 .. 2 8 ,0 4 8 ,5
1 ,0 4 1 ,8 1 4
57,2
965,9 6
10,8
15,3
37,3
L inen y a r n .........................
33,7
%
4,0-0,261
3 ,7 6 5 ,0 9 2
3 ,4 6 2 ,4 9 8
7,6
55,6
“
8 .. 27,6 47,9
15,0
P iec e g o o d s................
29,1
37,1
%
56,4
5,372,313
4 .7 1 8 ,2 0 5
5 ,6 5 5 ,5 9 5
6,9
“ 1 5 .. 27,4 *48,2
15.0
28,9
W oolen y a r n .....................
37,6
6,204,671
4 ,5 6 9 ,5 3 3
6 .2 8 3 ,8 2 3
“ 2 2 .. 27,3 4 8 ,2
W oolen fa b ric s.................
55,7
15.0
37,7
7,7
28,7
%
8 ,3 5 7 ,4 0 9
1' ,219,277
6 ,6 6 5 ,6 0 6
“ 2 9 .. 27,4 47,9
7.1
55,4
15,0
28,4
37,2
W orsted fa b ric s...............
1110
6,2
55,4
Ang. ft
14,9
27,8 47.1
28.6
36,1
%
The exports of iron and steel from Great Britain have been
6.2
“ 12.. 27,4 47.1
55,7
14,9
28,5
36,5
78
“ 1 9 .. 27,3 4 7 .4
7,4
55,1
14,9
28,7
36,9
7S
as below each year since 1874:
53,9
•* 2 6 .. 27,3 46.4
7,1
14,9
28,7
35,9
1%
E X P O R T 8 O F IR O N AN D S T E E L F RO M G R E A T B R IT A IN .
51,4
S ept. 2 .. 27,5 44,0
14,9
6,9
33,3
28,4
1%
42,7
7,0
50,3
14,9
*• 9 .. 27,1
28,4
32,4
t2% 1%
50.2
6,8
14,9
“ 1 6 .. 26,8 42,1
O ther
28,3
32,1
T otal.
P ig Iron.
R ails.
8.0
48.2
“ 2 3 .. 26,6 41,1
14,9
28,4
23,0
D escrip tio n s.
31,3
’3
2
7,7
" 3 0 .. 28,0 4 0 ,4
48,0
14,9
30,0
29,1
O et. 7 .. 28,2 39.5
6,8
48/6
16,9
Tons.
T ons.
T ons.
T ons.
28.1
28,1
2
“ 1 4 .. 27,4 37,6
5,4
47,7
16,2
1 ,7 4 3 ,3 8 4
3 ,5 5 2 ,2 8 6
1 8 9 6 .............
1 ,0 5 9 ,7 9 6
7 4 9 ,1 0 6
28,0
26,7
2%
“ 2 1 .. 2 7 ,0 36,1
2 ,8 3 5 ,5 4 1
5,3
4 5 7 ,5 5 2
1 8 9 5 .............
* 6 6 ,5 6 8
1 ,5 1 1 ,1 2 1
45,8
14,7
28,4
25,9
3%
“ 2 8 .. 2 6 ,7 3 6 ,2
5,7
43,6
8 3 0 ,9 8 5
4 2 5 ,2 4 2
1 ,3 9 3 ,7 7 1
1 8 9 4 .............
14,0
26,3
2 ,0 4 9 .9 9 8
26,9
3%
5,0
8 4 0 ,2 9 4
2 ,8 5 6 ,5 7 4 N ot . 4 .. 27,1 35,8
43,8
5 5 8 ,3 7 5
1 ,4 5 7 ,9 0 5
1 8 9 3 .............
13,6
27,6
25,5
3»ig
5,4
“ 11.. 2 6 ,^ 35,4
4 6 8 ,0 0 3
2 ,7 3 9 ,2 7 9
1 8 9 2 .............
13,7
7 6 7 ,0 5 3
1 ,5 0 4 ,2 2 3
43,5
27,3
25,7
3%
6,4
3 ,2 4 0 ,1 4 6
43,4
8 4 0 ,0 5 5
1,697,8-44
1 8 9 1 .............
26,2
“ 1 8 .. 26,2 35,7
7 0 2 ,2 4 7
13,7
27,7
3i3ie
“ 2 5 .. 26,1 3 6 ,0
1 ,8 2 0 ,7 3 1
4 ,0 0 1 ,4 3 0
1 8 9 0 .............
6,8
43,0
1 ,1 4 5 ,2 6 8
1 ,0 3 5 ,4 3 1
13,7
27,2
26,8
3%
1 ,0 8 9 ,8 9 2
1 8 8 9 ......................... 1 ,1 90,371
6,1
42,4
1 ,9 0 5 ,9 1 9
4 ,1 8 6 ,1 8 2 Dec. 2 .. 26,1 35,6
13,7
26,2
26,4
3%
“
9 . . 25,8 35,7
1 ,0 3 6 ,3 1 9
1 ,9 1 0 ,2 4 2
6,6
1 ,0 2 0 ,0 0 2
3 ,9 6 6 ,5 6 3
1883
......
42,5
26,6
13,7
26,5
3%
“ 1 6 .. 26,0 35,2
1 ,1 5 8 ,1 7 4
6,8
42,2
1 ,0 1 1 ,7 7 9
4 ,1 4 3 ,0 2 8
1 3 8 7 ...................
1 ,9 7 3 ,0 7 5
13,7
27,1
26,0
3%
“ 9 3 .. 26,5 33,8
1 ,0 4 4 ,2 5 7
1 8 8 6 ...................
41,4
7 3 9 ,6 5 1
1 ,6 0 5 ,2 8 9
13,7
29.6
24,0
3 ,3 8 9 ,1 9 7
8,1
3 "„
1 8 8 5 ...................
3 ,1 3 0 ,6 8 2
•• 3 0 .. 26,6 34,1
9 6 0 ,93 1
7 1 4 ,2 7 6
1 ,4 5 5 ,4 7 5
8,3
46,3
24,3
13,7
3 .,6
___ 3%
3 ,4 96,991
1884
......
1 ,2 6 9 ,5 7 6
1 ,4 9 7 ,4 3 9
7 2 3 .5 4 0
9 7 1 ,1 6 5
1 ,5 0 8 ,0 9 5
1 8 8 3 ......................... 1 ,5 6 4 ,0 4 8
4 ,0 4 3 ,3 0 8
*Feb. 2 2 ,1 8 9 4 .
tS ep t. 1 0 ,1 8 9 6 . ;8 e p t. 2 4 ,1 8 9 6 . §Oot. 2 2 ,1 8 9 6 .
1 ,7 5 8 .0 7 2
1 8 8 2 .............
9 3 6 ,9 4 9
1 ,6 5 8 ,5 3 1
4 ,3 5 3 ,5 5 2
1 ,4 8 0 ,1 9 6
8 2 0 ,671
1 8 8 1 .............
1 ,5 1 7 ,4 5 8
3 ,8 2 0 ,3 1 5
In the subjoined statement we show all the changes in the
1 8 8 0 .............
1 ,6 3 2 ,3 4 3
1 ,4 6 6 ,0 5 5
6 9 3 ,0 9 6
3 ,7 9 2 ,9 9 3
1 ,2 2 3 ,4 3 6
4 6 4 ,8 7 8
1 8 7 9 .............
1 ,1 9 6 ,1 7 0
2 .8 8 3 ,4 8 4 Bank rate in each year from 1888 to 1896, inclusive :
1 8 7 8 .............
9 2 4 ,6 4 6
4 4 1 ,3 8 4
9 3 3 ,1 9 3
2 ,2 9 6 .8 6 0
1 8 7 7 .............
8 8 1 ,4 4 2
BANK OF ENGLAND RATE OF INTEREST.
4 9 7 ,9 2 4
9 6 5 ,2 8 5
2 ,3 4 6 ,3 7 0
9 1 0 ,9 0 5
8 9 9 ,8 0 9
1 8 7 6 .............
4 1 4 ,5 5 6
2 ,2 2 4 ,4 7 0
1 8 7 5 .............
2 ,4 5 7 ,3 0
9 4 7 ,8 2 7
5 4 5 .9 8 1
9 6 3 .4 9 8
R ate Niim ber
R ate N um ber
The situation of the Bank o f France as to its stock of gold
Y ear.
per of days.
Year.
per of days.
cent.
cent.
and silver, according to the last returns o f each month of
-|
1894, 1895 and 1896, was as follows, stated in pounds sterling:
1888.
1891 (Con.) —
Jan. 1 to Jan. 12 . 4
12 daye , fuue 4 to Ju n e 18. 4
14 days
GOLD AND SILVER IN BANK OF FRANCE.— [ 0 0 , 0 0 0 s O m it t e d . J
Jan. 12 to Ja n . 19. 3%
7 day? |, Tut e 18 to J u ly 2 . 3
14 d a y s
Jan. 19 to Feb. 16. 3
28
daye
2%
84
day8
fuly
2
to
8ep
t.
24
leQfl. G old. S ilv’ r T otal 1803. G old. S ilv ’r T otal 1894. G old. SllVr T o ta l Feb. 1 6 to Mar. 15.
28 davf- lept. 2 4 to Oct. 29 3
2%
35 days
Mar.
15
to
M
ay
10
4
5
6
(lay(
4
2
day8
)c
t.
29
to
D
ec.
10
£
£
£
£
£
£
£
£
£
22 days
28 davf 3ec. 10 to D ec. 31 3%
Jan. SO 77,4 49.5 126,fe|jan. 31 84.8 49.4 134,? Jan. 25 08.1 60,4 118,5 May 10 to J u n e 7 3
J u n e 7 to A ug. 9 2%
63 days 1
Feb. 27 78,2 49,8 128,0 Feb. 28 85.9 49,5 135,4 Feb. 22 08.6 60,7 119,2 Aug. 9 to Sept. 13. 3
35 day s
Y ear’s a v e r a g e ___ 3-32 365 day*
Mar. 26 78,3 19.9 12y,2 Mar. 28 81,3 49,7 134,0 Mar. 29 09,1 60,8 119,9 Sept. 13 to Oet.
4 4
21 days
1892.
April 30 7t»,l 49,7 127.8 April 25 82.0 49.3 131,9 A pril 20 09,7 50,9 120.0 Oct.
4 to D ec. 3 1 .
88 dayp . Tan. 1 to Jan. 21 3%
21 d ays
5
fan.
21
to A pr. 7 . 3
79.9
77 (lays
M ay 28
50,2 130,1 M ay 30 82.1 50,0 132.1 May 31 71,0 51,2 122,2
Y ear’s a v e r a g e ... 3-30 3 6 6 day. Ipr. 7 to A pr. 28 2%
21 d ays
Jun e 2i> 81.8 50,3 132,1 J une 27 81.9 50,3 132,2 Jun e 28 71,5 51,1 122,0
1889.
Vpr. 28 to Oct. - 0 . 2
1 7 5 d ays
July 30 82.7 50.*2 132,9 July 25 82,0 1 50,4 132,4 Ju ly 20 73.8 60,9 124,7
Jan . 1 to Jan. 10 5
9 day* lo t. 2 0 to Deo. 31 . 3
7 2 d ays
A ug. 27 82,7 50,2 132.91 A uk. 2» 8 !.2 : 50,4 182,0 A jk . 30 76,1
50,7 120.8 Jan. 10 to Jan. 24
14 days
4
Sept. 24 79,8 49.8 129,0:Sept. 20 80,9 1 50,0 180,9 Se-u
60,2 120,2 Jan 2 4 to Jan . 31. 3%
70,2
7 days
Y ear’s a v e r a g e . . . 2-52 3 6 6 d a y s
O ct. 29 77,5 49,2 1 /s , O ct. 11 78,5 49,2 127.7 O ct. 2 j
Jan.
31
to
A
pl.
18
.
7
7 days
3
1893
49,7 125,5
,8
1 to Jan . 26 3
26 d a y s
N ov. 26 77,3 49,3 UB.Olj/ov. 28 78,3 |49,4 147,7 N ov. 29 79.4
i * 129,0 Apr. 18 to A ng. 8. 2% 112 days Tan.
21 days Jan . 2 6 t o M ay
98 d a y s
4 2%
D ec. 31 td.rt *9.1 1 6.71 Dec. 20 78.5 49,0 lvR.ll D ec. 27 82.8
49,7 132.5 Aug. 8 to A ug. 29. 3
A ug. 29 to Sep. 2 6 . 4
7 days
28 (lays | May 4 to May 11 3
95 days M ay 11 to M ay 18 31*
7 (lays
In the table below will be found a valuable comparison of Sept. 26 to D ec. 3 0 . 5
2 days JM ay 18 to J u n e 8 4
D ec. 3 0 to D ec. 31 . 6
21 days
the highest, lowest and average price of silver in London
3
7 days
49 days
Y ear’s a v e r a g e ___ 3*56 365 days
2%
for each of the twelve months of 1894, 1895 and 1896:
1890.
A ug. 3 to A ug. 10. 3
7 days
PRICE OF SILVER FOR THREE YEARS.
Jan. 1 to Feb. 20 . 6
14 days
ftu days A ug. 10 to A ug. 24 4
21 days
Feb. 20 to Mar. 6. 5
l t d a y s 1A u g 2 4 to S ep t. t4 . 5
7 days
Mar. 6 to Mar. 13. 4%
7 d a y s S^pt. 14 to Sept. 21 4
18 9 6 .
1894.
1895.
14 d ays
Mar. 13 to Apr. 10. 4
2 8 (lay s Sept. 21 to Oct. 5. 3%
Sil v e r .
87 d ays
Apr. 10 to Apr. 17. 3%
7 days' 'Oct. 5 to D ec. 31. 3
Apr. 17 to Ju n e 26 3
70 days!
High. Low. Aver.
J u n e 26 to J u ly 31 4
35 days
Y ear’s a v e ra g e — 3*06 3 6 5 days
21 days
1894.
d. J u ly 31 to A ug. 21 5
| d. I d.
a.
d.
(1.
d.
d.
tl.
A
ug.
21
to
Sept.
25
.
4
32 d a y s
35
days
Jan.
1 to Feb. 1 3
J a n .......... 30% 30 Lj 30%
27%,.
27% 3 1 % 3 0 % 31%
21 days
43 days Feb. l to Feb. 22 2%
F eb ........... 3 IP] * 303* 31
2 7 " ,6 27% 27% |3 0 " te 27% 2 9 3 ,6 Sept. 25 to N ov. 7 . 16
N
ov.
7
to
D
ec
4
.
2
3
12 d a y s
27
days
Feb.
22
to
Deo.
31.
M a r c h .... 31*16 31%
285,0
27% 27
29% 27%
276,8 D ee. 4 to D ee. 3 1 . LA’
28 da\ 8
!5
A p ril........3 ia l(. 30I»16 P ' Ii307s 29% 30 i n 39% 29% 28%
Y ear’s a v er a g e __ 2 1 1 365 d a y s
3015ie
M ay..........31*4
|307q 30 >4 30%
Y ear’s a v e r a g e ___ 4-52 365 days
1*95.
J u n e ........3
3 1 3 1h 3l%* 80"
30% 307,6 2816101 IPPH V
3 65 d a y s
1891.
Jan.
1 to Dec. 31. 2
31%
July........3 1 V
3 1 ' a 30% 3O%0 307.0 28l% 8‘28% 2 8 " i«
J a n . 1 to Jan. 8. 15
1896.
7 days
30% 30'%, 3O*i0 30*4 30%
A U g ......... 31*8
30% 2 8 lli6 29%
14
(Inye
2 5 4 days
Jan
.
8
to
Jan.
22
.
Jan.*
1
to
S
ept.
10
2
1
4
S e p t......... 30 ii* 30
307,B
30%
30%.
30^ 30% 29310 29»16
14 days
Jan. 22 to Jan . 29 3% | 7 days Sept. 1 0 to Sept. 21 2%
O c t............30 » if 29% 3 0
[31% 30% 3016,0 299ie 28>%6 29%
28 days
Jan
.
29
to
Apr.
16
3
Sept.
2
4
to
Oct.
22
3
7
7
,
ays
29%
n o v ......... 30*;:
28% 281%,
30% 3013,,
291%,
7 0 days
21 days O ct. 22 to D e c. 31 4
Apr. 16 to M ay 7 i 3%
D ec............30
29o*i8 291%, 31
3 0 ", i, 30
307,0 f t * 27% 6 27%
M ay 7 to M ay 14. 4
1 7 (layiY ear’s average___ 2*48 3 6 6 days
1 21 (layn
Y e a r ........ 3 1 » ,fl 29%
30%
131% 27*1. 29% 31% 2 7
2 8 15ie May 14 to Ju n e 4. 15

1 3 4 ,3 4 4 ,9 9 5

I HE CHRONICLE.
COTTON SUPPLY AND CONSUMPTION

IN EUROPE.
Mr. KlliwuV •*Annual Review of the Cotton Trade for the
Year ISOfi" was issued in Liverpool on Friday of hist week,
but our cable covering the statistics and other matters of
interest contained therein arrived at so late an hour that we
were compelled to defer any reference to them until this
week. Following our usual custom, we liave received all the
data Mr. Ellison luw prepared bearing upon supply and con­
sumption for the calendar year just closed, and also the
estimates of imports, consumption, <Sc., for the remainder of
th>- cotton seioaon of 1SOO-97—the |ieriod from January 1 to
September 80 1897.
So far as the calendar year 189(5 is concerned the figures
ndieate that there has been only a very moderate increase
in the consumption of Great Britain, and that on the Con
tioent the addition has not been so material as in either
1«M or 1895. The actual results for 1896, stated in bales of
the uniform weight of 500 lbs., have been as follows:
sriN S E B S ' TAKINOS, CONSUMPTION AND STOCKS IN 5896.

at. Britain. Continent.

In tOO-lb. B ala.

Total.

Stock* January,1 1 896........................
Taking*......................................................

130,000
3 ,269,000

45 2 .0 0 0
4 ,1 18,000

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

Consumption...........................................

3.3 9 8 .0 0 0
3.2 7 6 .0 0 0

4 .5 7 0 .0 0 0
4.1 7 3 .0 0 0

7 .9 6 8 .0 0 0
7 .4 1 9 .0 0 0

Block* January 1 1807........................

122,000

39 7 ,0 0 0

51 9 ,0 0 0

Weekly cooanmptlon............................

63,0 0 0

80,250

1 43,250

According to the foregoing the mills in Great Britain
have consumed on the average 63,000 bales of 500 lbs. each
per week during the season, a gain of 385 bales per week
over 1895, and on the Continent consumption has reached
80,2.50 bales per week, or an increase of 2,000 bales per week
as compared with the previous season. The surplus stocks at
all European mills at the close of the year are estimated at
519,000 bales of 500 lbs. each, or 63,000 bales less than were
carried over at the close of 1895. As our readers fully un­
derstand, the above statement covers the results for 1896
only; so we have prepared the following to bring out clearly
the relation the figures for a number of years bear to each
other, embracing in the tables the figures for the seasons
from 1889 to 1896 inclusive.
Hales of
5 0 0 Lb*.

Siiin'rt1
Stork Takingi.
Jan. 1,

li t . B r ita in .
1 * 9 * . . . ........... 1 3 0 .0 0 0 3 ,2 68.000
1 8 * 5 .................... 90.000 3.296,000
69.000 3.258,000
1 8 9 4 ..................
1 8 0 3 .................. 180 00b 2.879,000
1892 ............. 132,0u0j3.074.000
1 8 9 1 .................. 163,000 3,309,000
1 8 9 0 ................... 154,000 3.322.000
1 8 8 9 .................. 79,000 3 ,135,000

Supply.

Spin’rs’ Weekly
OonContumplion. Slock
Dec. 31. RumpVn

the average weight of 500 lbs. each, or a gain of over 26*£
per cent. During the like period the increase in Great
Britain reached but little in excess of 7 per cent. In 1886
Great Britain's weekly consumption exceeded that of the
Continent by 2,700 bales of 500 lbs. each, while in 1896 the
Continent was in the van by 17,250 bales per week.
From the jioint of view of the manufacturer the year has
been a fairly satisfactory one. There has not been so wide
a margin for profit as during the period from 1887 to 1890,
but neither has there been such a lack of profit as during
1892 and 1893. From time to time there have been reports
of stoppage of looms in the manufacturing districts of
Great Britain, but on the whole the stoppage has not been
important. At the same time it is quite clear that spinners,
liave as a rule been better situated than weavers so far as
prices are concerned. Our cable states that 92 companies
in the Oldham district made a combined profit of £46,772 in
1896 or an average of £508 per mill, which compares with a
profit of £667 per mill in 1895 and a loss of £177 in 1894The financial results to these mills since 1883 have been as
follows:
1896.......
1895....... ....... 95
1894....... ....... 93
1893....... ....... 93
1892....... ....... 90
1891....... ....... 93
1890....... ....... 90
1889....... ....... 86
1888....... ....... 85
1887....... ....... 88
1886....... ....... 90
1885....... ....8 7
1 8 8 4 .... ....... 60

•*
«
14
**
••
ii
II
II
**

41

"

-P rofit, £46,772.
63,329.
Loss,
15,837.
“
72,768.
•'
101,434.
Profit, 10,763.
“
376,041.
“
220,587.
••
250,932.
“
85,810.
Loss,
61,718.
14
2,730.
Profit. 125,000.

Profit per mil], £ 5 0 8

<«
Loss
II

II
II
II

II
Profit

II
**
1‘

Loss
(«

»

II
II
II
*1
II
*1
II

Profit

667

177
782
1,127
116
4.17
2 ,5 6 5

2,952
97 5
68 6
31
2.083

The exports of yarns and goods from Great Britain in 1896

were heavier than in any previous year and exceeded the
total for 1395 by 33,478,000 lbs. These exports in detail by
months and quarters for 1896 and 1895 were set forth in the
C h r o n i c l e of January 23, page 194.
Mr. Ellison's estimates of imports, consumption, etc., for
the remaining nine months of the season 1896-97 are also
given in the cable. He estimates that the yield in America
for 1896-97 will be 8.650,000 bales. For the nine months
from January 1 to September 30 1897, he places the aggre­
gate imports at 4,582,000 bales of ordinary weights, made up
of 3.339,000 bales from the United States, 709,000 bales from
the East Indies, 390,000 bales from Egypt and 141,000 bales
from Smyrna, Brazil, West Indies, etc. Presented in tabu­
lar form, the estimate is as follows, comparison being made
with revised results for 1896 and 1895.
IMPORTS JANCART 1 TO SEPTEMBER 30.

3,393,000
3,336.000
3 .327,000
3 ,030,000
3,206,000
3 ,4 72,000
3 ,4 76.000
3,214,009

3,276.000
3,256,000
3,237,000
2.970,000
>,046,000
3,340,000
3,313,000
3,060,000

130,000
90,000
69,000
160,000
132,000
163,000
154,000

63.000
62.615
62,2 jO
57,115
58,585
84,230
63,707
58,846

4,173.000 397.000
4,0 6 9 ,0 0 0 452,000
3,379, 000 491.000;
3,678 000 215,000
3,661 ,000 227,0001
1891............'223,000 3,084,000,8.907,000 3,641, 0 0 0 266,000!
1 8 9 0 .................. i143.000 3,585,000 3,728,OOoj3,505 , 0 0 0 223,000
1589............ 118.000 3,322,000 3,410.000 3,297, 0 0 0 143,000'

80.250
78,250
74,5 9 8
70.731
70.400
70,015
67.400
63.400

1 2 2 ,0 0 0

C o n tin e n t.
452,000 4 .1 1 8 ,0 0 0 j4,570,000
4,030 ,0 0 0 :1 .5 21 ,0 00
18V 4 .................. 3 48,000 4,121.00o|l,370,>,000
1893...........1227.000 3,6«6
3,01*6000|3,923.000
0 0 0 3 ,9 2 3 ,
3.6 2 2 ,0 0 0 3.H88,1,000

1 3 9 6 ..................

A ll K a r o p e .

1*9*.............1*89,000 7.396,000 7,068,,000 7,449,000
19*5................... 581 .0 0 0 7,3 2 6 ,0 0 0 7,907,,000 7,325,000
1 9 * 1 ................... 314,000 7 .3 8 3 .0 0 0 7.697,,000|7,116,000
1893............ 387.000 6,575.000 6,962,,000,6,848.000
1**3 ........... 398,00<i|h,696,000 7,094,,000)8,707,000
i9 » i
9 9 3 ,0 0 0 7 ,3 7 9 ,000 8 ,9 81,000
1*»0.............1297,000 6,907.000 7,204,,0 0 0 6 ,8 1 8 ,0 0 0
1 9 9 * ............... . 1197.000j0 ,4 57.000 6 H54,,000 8 .3 57.000

......... Isae.oooje,

[V ou LXIV.

519.000
582.000
581.000
314.000
357.000
398.000
386.000
297.000

143,250
140,865
136,816
127,846
128.985
134.245
131,107
122.246

A glance at the above enables the reader to quickly dis­
cern how slight has been the increase in consumption in
Great Britain in recent years. In fact, although compared
with either of th- four preceding years, 1896 shows some ad­
dition, if we go Lock to 1891 or 1890 we find that the current
rate of consumption actually exhibits n decrease. On the
Continent, however, extension of ootton-manufacturiug has
been constant. To be sure, it lias been less rapid the past
reason than in some earlier years, but since 1889 the number
of bales consumed weekly has risen from 63.400 to 80,250 of

Am erican.............................................
East Indian......... ......................................
Egyptian........................................................
Smyrna, &o ...................................................
Brazil, W . I., A o ........................................

Estimated.
Actual.
Actual.
1897.
1896.
189 5 .
3 ,3 3 9 ,0 0 0 3 .0 7 3 ,0 0 0 4 ,0 9 7 ,0 0 6
7 2 4 .0 0 0
7709,000
0 9 ,0 0 0
944,0 0 0
3 5 1 ,0 0 0
3 9 0 ,0 0 0
390,0
3 4 0 ,0 0 0
2 9 ,0 0 6
3 5 ,000
*! 114
4 11,000
.0 0 0 *(
>
i
9 7 ,000
1 0 2 ,0 0 6
>
<

Total......................................................... 4 ,5 8 2 ,0 0 0
5 ,0 0 0
In bales of 500 lbs........ ................................ 4 ,4 5
55,000
Stock in Europ’n porta, bales 50 0 lbs. 1,498,000
519,000
Stock at mills, bales 500 lb s...................
519,0
00

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

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

Total, In bales 500 lbs....................... 6 ,4 7 2 ,0 0 0
Consumption, 39 weeks............................ 5 ,5 6 4 ,0 0 0

6 ,5 5 6 ,0 0 0
5 ,5 7 7 ,0 0 0

7 ,6 0 2 ,0 0 6
5 ,5 0 0 .0 0 0

8took at porta and mills Sept. 3 0 _____
Of wliioh at the mills................................

9 0 8 ,0 0 0
300,0
3 0 0 ,0 0 0

9 7 9 ,0 0 0
3 0 1 .0 0 0

2 ,1 0 2 ,0 0 0
6 0 2 ,0 0 6

Leaving at tbo ports, bales of 5 0 0 lbs,.
In actual bales........ ....................................,

6 0 8 ,0 0 0
030.0 0 0
630.0

678,0 0 0
6 9 1 .0 0 0

1 ,5 0 0 ,0 0 0
1 ,5 5 3 ,0 0 6

On the basis of these estimates the combined stocks at
ports and mills in Europe at the close of the season of 1896-97
will be only 908,000 bales of 500 lbs. each, or a decrease of
71.000 bales from September 30 1896 and a falling off of
1.194.000 bales from 1895. In fact not since 1889 has the
European supply on September 30 been so reduced as this
estimate indicates.
D E B T ST A T E M E N T J A N U A R Y 80, 1897.
The following statement of the public debt of the
United States on January 30, 1897, is made up from
official figures issued on that day. Lower down we
give an interesting exhibit of the bonds issued in aid
of the Pacific Railroads, and the Treasury cash hold­
ings, all of the same date.

THE CHRONICLE.

F e b r u a r y 6, 1897.]

I N T E R E S T -B E A R IN G D E B T JA .N D A .R Y 30 1897.
A m ou n t
/---------- A m oun t outstanding.----------Interest
Registered.
Coupon.
lota L
issued.
payable.

Title o f Loan-

$

$

$

$

AkjS.Fund. loan.1891, ? q _ x *
25,361,500
250.000.
000
25.361,500
Con tinued at 2 p.c. I
710,900,450 190,121,900
69,217,200 559.639.100
4s. F u n ded loan, L907. .0 .— J.
45.750
10,012,750
4s, Ret'und’g certiflc’s .Q .— J.
59, Ml 4.250
10,055.750 lOO.OOO.OUO
100.000 . 000
6s, L oa n o f 1901 ....... Q — F.
102,315.100 101,568.850
0 6 /4 0 550 162.315.100
4s, L oa n o f 1 9 2 5 .......Q.— F.
T ota l, exclu d in g P ac.
R R Bon ds . ....................... 1,293 223.000 677.299.500 170.019.500 817,361,750
N o t e - T h e den om in ation s o f bon d s are as f o ll o w s : T w o p e r c e n t s (reg istered
o n ly ), 450. $li>0. «5o0, $1,000. $5,000. $lo,000. *20,o00. $50,"00 ; 4s o f ly07, regis­
te r e d ,
00, $5-0. 41.0"0, $5,00 », $ld,O00. $-'0.0-0, r.O.oOO. co u p o n , 450, $100,
$5 o, $ 1 0 0 ’ ; Is, refu n d in g certidcates, $10; 5s o f 1901, re giste re d , $50. $100,
$1,000, $10,000, cou p on . $5o. 4LOO, $t. )*»o: I s o f 1925, re g iste re d , $50, $100, |5u0,
$1,000 $5,u00, 4L1.U00, c o u p o n , $59, $100, $500, $1,000.
D E B T ON W H IC H IN T E R E S T H A S C E A S E D SIN CE M A T U R I T Y .
Dec. 31.
Jan. 30.
F u n d ed L oa n o f 1891. m atured Septem ber 2, 1891.. $107,250 00
$167,250 00
O ld d e b t m atured prior aud s u bsequ en t to Jan . 1, ’6L 1,215,*20 26
1,215,680 26
D eb t o n w h ich in terest has c e a s e d .......................... $1,388,070 26
$1,382,930 26
D E B T B E A R IN G NO IN T E R E S T .
U n ited States n otes ........................................................................................... $316,681,016 00
Old dem and n otes...............................................................................................
51.317 50
N ational S in k n otes—R ed em p tion a c c o u n t ........................................
20,997.189 50
F ra ction a l cu rren cy .............................................................. $15,266,138 11
L e s s am ou n t estim ated as lost o r d e s tr o y e d .............. 8,375,9:11 00
----------------------6,890,501 14

T otal gross d e b t ............ 1.223,370,737 10
C a sh balan ce in T rea su ry .. 215,362.420 73
T o ta l n et d e b t.................1.008,008.'10 07

1.221.219,901 10
228,320,379 95
992.929,681 15

W eek E n d in g F ebru a ry 6.

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

1897.

1896

P e r C ent.

N e w Y o r k .......................... . . .
B o s t o n ............................. „ . . . . .
P h ila d e lp h ia ...............................
B a lt im o r e ........................ . ........
C h ica g o .......................................
S t. L o u i s ............... . — . .......
N e w O rle a n s ........... . . . . . .

$ 5 1 5 ,3 1 6 ,0 0 7
8 6 ,565,291
5 9 ,132,230
15,429,042
62,798,213
22,385,604
7,310,750

$ 4 6 5 ,6 9 4 ,9 3 0
68,377,876
5 8 ,9 5 3 ,5 5 6
11,799,958
72,395,196
2 0 ,498,130
9 ,0 91,224

+ 1 0 -7
+ 26-6
+ 0*3
+ 3 0 -8
- 1 3 ‘3
4-9-2
-1 9 -6

S e v e n c itie s , 5 d a y s ...........
O th e r c itie s , 5 d a y s .................

$76 8 ,9 3 7 ,1 3 7
132 ,416 ,39 8

$ 7 0 6 ,8 1 0 ,8 7 0
135 ,108 ,92 6

4-8-8
—2 0

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

$ 9 0 1 ,3 5 3 ,5 3 5
166 ,623,461

$84 1 ,9 1 9 ,7 9 6
169 ,357 ,54 4

+ 7 -1
-1 -6

$1,0 6 7 ,9 7 6 ,9 9 6

$ 1 ,011,277 ,340

4-5-6

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

Another table, our usual monthly detailed statement o f
transactions on the various New York Exchanges, has also
oeen crowded off of the first page. The results for the month
of January are, however, given below and for purposes of
comparison the figures for .the corresponding period o f 1§96
are also presented.
J a n u a ry, 1897.

A g g reg a te o f d e b t bearing n o in te re s t.......................... ....................$374,623,057 11
R E C A P IT U L A T IO N .
Jan. 31.
D ec. 3L
1897.
1896.
Classification o f Debt
$
$
In te r e s t bearing d e b t......... 847,361,750 00
817,38«.690 00
D ebt, in terest cea s ed ...........
1,382.930 26
1,3-3.07 0 26
D eb t bearing no in terest... 371,623.057 11
372,502,201 11

271

Description.

P a r Value
or Q uantity

A ctu al
Value.

J a n u a ry, 1896.
Average P a r Value
Price. or Q uantity

Increase or
Decrease.
3,365,412
$
« ° < * i v a i ! : $323/74.75" £ 208,587,472 04-4 |
I n c .60 00
$30,068,031 77-5
Dec.140 00 RR. bon d s.. $38,812,500
$1,527,228 123'1
$1,210,500
Inc.2,l20,&56 00 G o v ’t bonds
$186,492 601
$.132,500
s a t e bonds
$86,498 196-5
$4 4,020
Sank stock s
In c. 2.120,776 00
D ec. 12.957,959 22
T o t a l . .. . $304,204,270 $240,466,621 • 6 6 0
2,308.600 $85,475,40- $35-64
Inc.15.078,735 22 C o tto n ..b is .
74,480,240 $57,150,572 77 1-70.
G rain.bash.

4,635,612
$417,301,550
$38/10,200
$439,500
$259,000
$59,850

A ctu a l
Value.

Aver'ge
P r ic e.

j 250,445,005

60*0
$23,548,601 60-9
$500,797 113-9
$128,433 4W0
$8o,l?7 134-0

$450,770,100 274,703,073 00-1
3.542,800 $142,757/55 $40*30
70,569,175 $49,444,180 64 9-10C

Tbe foregoing figures show a gross debt on January 30
$383,3*8.053
$406,905,514
1897 (interest-bearing and non interest-bearing) of $1,223,- Potal value.
i't e transactions of the Stock Exchange Olearmg-Hous e
370,737 40 and a net debt (gross debt less net cash in the
from January 25, down to and including Friday, February
Treasury) of 81,003,008.316 67.
Pacific Railroad bonds are never included in the official 5, also the aggregates for January in 1897, 1896 and 1895 are
total o f the Government debt. The status o f these obligations given in tabular form below.
to-day is as below. Methods o f book-keeping make the o f­
■TOOK SXCJHANOB c l e a r i n g h o u s e t r a n s a c t i o n s .
ficial record unintelligible to most readers, and hence we
—■Shares, bath tide*.— . ----------- Balances, one side--------* Sheets
Oleared. Total Value.
Shares. Value 8 hares. Cash. Oleared
have brought together in our compilation the leading facts
| _
$
$
$
relating to the subject.
1.091,000 03.700.000 1,483,100
0,131
J a n u a ry .. 13,593.600
896.200.000
A ID

OF

C en tra l Pacific . 25 . s l j ,120 35.502,100
6J 04.262
K ansas P a cific ... . 6,303.000
U n ion Pacific....... .27,236,512 30,649.377
C en t. Br. U. P . . . . 1,600,000
2,158.130
W estern P a cific.. 1,970.560
3.255,036
S io u x City A P a c. 1,628.320
2,529,165
T o t a l................. 61,623.512

80.758.960

P A C IF IC

R A IL R O A D S .

- B o n d s p a id , nr d a te o f m a t u r it y .— *
A lr e a d y
D ue Jan.
D u e Jan.

paid.
$
6.071.000
4.880.000

8.10o(OOO
1.280.000
320,000

20.711.000

1,1898.

1,1899.

10,611.120
.1,123.000
15,919,512
320,000
L 828,320
29,901.952

9.197.000
3467.000
1,650,560
11.001,560

The cash holdings of the Government as the items stood
January 30 we take from the Treasury statement of that
date. The net cash balance given below is the same as de­
ducted above in reaching the net debt.
CASH

IN

TH E

TREASU RY.

C o l d —C o i n ..........................................................................«130.100.363 13
Bars
52 286.758 5 0 -$18 2 387,121
S ilv e r —D ollars.................................................................. 3>*8.617.265 00
Subsidiary c o in .............................................................
16.111 574 68
fiara ....... ........................................................................ 109.7ci.5l9 0 4 - 613,736.318
P a p e r—U nited States n otes........................................ 78.194.780 oo
Treasury n otes o f 1890............................................... 35.6-4.8y8 00
G o ld certifica tes...........................................................
1 .160,160 00
S ilv er certifica tes......................................................... 11 0 . 9 7 1 oo
C ertificates o f d ep osit (A c t Jun e 8 .1 8 7 2 )..........
i flfi.oon no
N ational bank n o t e s .................................................... 17.328.888 9 6 - 144,492.197
O th e r —Bonds, interest and cou p on s paid, aw ait­
ing reim bu rsem en t......................................................
1 7 5 /9 5 05
J .fn o r c o in and fra ction a l c u r r e n c y ...
.
I.i8».417 41
D eposits in nat'l bank d epositaries—ge n ’ l aect,..
12/30,009 22
D isbu rsin g officers’ balances ...................................
3.843.719 9.'— 17,938.241

,tl

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

A g g r e g a te ..

93
72

1 MIMS—
J a n u a r y .. 15,298,500
1SM 7Ja n u a ry ... 12.000.700

967,700,000

1,611,200

88,400,000 1,415,000

0,870

778,000,000

1,125,500

74.900,000 1,068.900

5.900

s—S ha res, both s i d e s —n
C leared. Total V alue.
$
8 2 5 ,4 0 0 5 3 ,0 0 0 ,0 0 0
665 .4 0 0 3 5 ,6 0 0 ,0 0 0
429,000 2 6 .2 0 0 ,0 0 0
432,400 2 3 ,* 0 *,000
529 ,2 0 0 4 0 ,5 0 0 ,0 0 0

1897—
Feb. 1 .
“
2 ..
“
3 ..
“
4 .
4* 5 .

-------- B alances, o n e s i d e . ------- > S heets
Shares. V a lu e Shares. Cash. Cleared
$
$
103 ,7 0 0
5 ,3 0 0 .0 0 0
8 5 ,6 0 0
320
85,7 0 0
4 ,0 0 0 ,0 0 0
3 9 ,5 0 0
303
3 8 ,5 0 0
2 ,4 0 0 ,0 0 0
4 6 ,5 0 0
264
50,8 0 0
2 ,8 0 0 ,0 0 0
25,9 0 0
280
3 ,2 0 0 ,0 0 0
51,9 0 0
53,50u
288

rot.w k . 2,881.400 184.100,000 338,600 17,700,000 243,000
WMaatyr4,783.200 274,100,000 543,600 28,000,000 369,000

1,455
1 ,7 0 °

F A IL U R E S B I B R A N C H E S O F T R A D E .
Col. W . M. Grosvenor, the editor of Dun's Review, has
kindly furnished us with the following statement showing
the failures in the United States by branches o f trade fo r
the month o f January during the last four years.
J A N U A R Y F A IL U R E S B Y B R A N C H E S O F BUSIN ESS.

Year.
96

A iam ifacturers.

1897.
No.

60

$858,553,910 21

D E M A N D L IA B IL IT IE S .
'G o ld c e r tific a te s .......................................................
* 31. 040 789 00
S liv e r ce r tific a te s ...............................................i ”
* 3 V 0 1 5 504 00
C ertifica tes o f d ep osit a c t J u n e 8.1872...............
65*615/100 00
T r e a s u r y n otes o f 1890.................................................. 11^.898,2^0 00—1595,975,573 00
F u nd fo r rederap. o f u n cu rren t n a t’ l bank n o te s
8 619,667 65
O utstan din g ch eck s and d r a ft s .............................
5 , 149,650 92
D isbursing officers’ b a la n ce s .....................................
27 229 sri 12
A g ap c y M o o n ntii. A c ........................ ..................... ...'
ti^ln.'siii 7 , — 47 215.918 48
C o ld reserv e ...................................... ♦loo.ooo.ono oo
N et cash b a la n ce............................... 116.S82.420 73................................ 216,382.420 73
A g gretm te................... ; .............................................................................. *858,553.910 21
N et cash balan ce In th e T reasu ry D ecem ber 31. 1808........................ 2228 320.379 95
N et cash balan ce In th o T reasu ry Jan uary 31, 1897 ............................ 216,382,420 73
D ecrease dnrtng th e m o n th .......... ..................................................... 112.957.950 22

Clearings by Telegraph.—Sales of Stocks, Bonds, (fee.—
Stork Exchange Clearing-House Transactions.—The sub­
joined statement, covering the clearings for the curre»t week
usually appsari on the first page of the C h r o n i c 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 189(5 there is an increase in the ag­
gregate of 5-8 per cent. So far as the individual cities are
concerned New York exhibits an increase of 10-7 per cent, and
the gains at other points are : B iston, 20-6 p ir cent; Philadel phia, 0‘3 per cen t; St. Louis, 9’2 p-r cent, and Baltimore, 39’8
percent. Chicago records a loss of 13-3 percent and New
Orleans, 19 (5 per cent.

Liabilities.

Iron fo u n d rie s and n ails..
M achinery and t o o ls ..........
W o o l’ n s.cV p ’tsA k n itg o o d s
C otton s, lace and hosiery..
Lu m b’ r.carp’n t’rsA coopts
C lothing and m illinery. ...
H ats, glo ve s and fu rs. ...
C hem icals, drugs & oaints.
P rintin g and e n g r a v in g ....
.Oilling and b a k e r s ............
Leather, sh oes A harness
L iq u o rs and to b a c c o ..........
G hiss. earthenw are A brick
AH o t h e r ...............................

11
15
4
4
36
27
4
11
14
9
18
19
10
81

$
1.519,500
488,20.
125, 00
23,500
7 6 4 /4 3
172,770
22,229
90,302
195,523
302,900
463 622
1,948,241
285,913
2,089,997

T o ta l m an u factu rin g...
Traders.
G eneral s t o r e s .....................
G roceries, m eats and fish .
H o te ls and restau ran ts___
Liquors and t o b a c c o .........
Clothing and fu r n is h in g ...
Dry g o o d s and carpets. ..
Shoes. rubbers and trunks.
Furniture and c r o c k e r y ...
Hard wan;, sto ve s A to o ls .
Drugs and p ain ts.......... ..
.Jewelry and Clocks..............
Books and pap ers................
H ats, fu rs and g lo v e s ........
All o t h e r .......................... ...

266
222
279
45
103
99
92

T otal tra d in g .................
Tran sporters an d brokers.

1895.

1896.
No.

Liabilities.
1
|

IN

I 1

N am e
o f R a ilw a y .

ISSU E D

.— B o n d s issu ed a n d — ,
a c c u m u la ted in t.
P r i n c ip a l.
In te r e s t.

os

BO N DS

No.

L iabilities.
$
179,850
81,000
29,545
54,400
238,243
114,433
76,500
34,500
83,51X1
234,100
280.082
>7,000
236,740
1,590,000

12
20
r4
3
47
30
8
10
24
22
20
20
9
80

7.13,415
190.500
10.000
1,203,017
37 6,139
175,000
118,024
838,827
222,972
805,250
1,455,550
107,136
2.257,160

8,572,946

318

8,585,090

237

3,308,905

41
02
61
4*
30
0
160

J,109.147
875.0U
321,135
536,326
761.859
l.< 91,510
02**,932
239.439
528 092
299,408
1.127,099
22’*,736
31,5 Vr.
1 ,6 0 4 /2 '

216
29*
35
101
9*
111
69
37
45
74
56
30
15
157

1,473/07
1,67 8,2 0
151,029
00i»,799
1,353.208
1,373,11
2,054,< 04
247,768
334,183
481,510
389,567
409,578
100,150
1,420,970

270
341
36
104
103
'll
03
33
41
38
44
22
12
191

2 ,1 0 9 /9 0
1,060,931
190,148
711,703
r 80,331
2,073,016
498,859
320,121
3/3,671
349,920
493,502
177,257
300.039
1,807,940

1,323
3¥

9,386/57
399,682

1,842 12.112,629
1,007.418
25

6
7
5
2
2*
20
5
b
7*
19
19
14
0
83

1,3* 0 11,225,899
802,000
13

T o ta l co m m e r c ia l......... 1.021 lH.359.58n 1.08:> 21.735.743 1,030 18,8 30,* 04
N o t e .—Iron , w o o le n s and co tto n s in clu d e all tu e b ra n d ie s o f those m a n u ­
fa ctu re * ; m achinery Includes im p lem en ts and t o o ls ; lu m ber in clu d e s saw ,
planing sash an d d o o r m ills, caroen ter* and co o p e rs: clo th in g Includes m illin ery
and furnish ings; h ats Inclu de furs and gloves; ch e m ica ls in clu d e drugs, fertili­
zers, paints and oils; printing and books in clu d e e n gra vin g and m aps; m illin g
Include* baking: leather and shoes Include m akers o f harness, saddlery, tru n k s
and rubber goods; liqu ors in clu d e to b a cco , wines, brew ers and beer; glass In­
clu des earthenw are, p ottery, brick, lim e aud c e m e n t; gro ce rie s in clu d e m eats
and fish ; hotels In clu de re stau ran ts; d r y g o o d s in clu d e carpets and cu rtain s ;
furniture Includes crock ery ; hardw are includ es sto ve s and tools and je w elry
in clu d es c lo ck s and w a tch e o B rokers inclu ie all real estate, n ote. Insu ran ce
o r produ ce dealers w hose main business Is n o t tb e han dling o f actual p ro d u cts,
w ith m ortgage an l oth er loan concerns, and tran sporters in c lu d e all e x c e p t i n ­
corp orated railw ay co m p a n ie s

i
ill:

n

TH E C
_____________ ____________ ______________________
__H R O N IC L E .
<m c r c t a t i i n g U s h J t c m s

|V.L LXIV.

every question that may arise between the two c mntriea may­
be settled peaceably and in a friendly spirit in the future,
Tlie reduction in the Bank rate lias encouraged the buying
of consols and other first-class securities, but there is not vpry
much investment, either in British railway stocks or in the
minor irdustrial securities.
The later news from Argentina is unfavorable. It was first
stated iu the autumn that locusts and heavy rains had
seriously injured both the wheat and maize crops in the prov­
inces of Santa Fe and Entre Rios nnd in the northern part of
Buenos Ayres. Then it was alleged (hat the first statements
were greatly exaggerated and that the cropt would nearly be
as large as last year. Now it is again reported that the dam­
age done is very great. Unfortunately the latest news seems
to be true. Uruguaian securities have also given way, as
political troubles are apprehended. The Continental bourses
are quiet but fairly firm. Everywhere it is expected that the
Turkish question will be settled, and when it is, everyone
looks for a great increase of activity.
The only department in which there can be described really
good business is that for copper shares. There is a very great
demand for copper, and it is now believed that copper shares
will go very much higher than they are
The belief Is of
course leading to speculation, which tends to verify expecta­
tions Undoubtedly tbe great armaments of all the Powers,
the shipbuilding that is going on so actively, and the increase
in electrical works of all kinds, are causing an immense con­
sumption of copper.
The bank dividends have been exceedingly good for the last
half of the past year. Taking twelve of the principal insti­
tutions, nine pay higher rates than this time 12 months,
acd tbe remaining three distribute the same rates. Of the
nine that distribute more, two pay as mush as 2 per cent
more than this time last year, and two from 1% to \}% per
cent more. The others pay from % Per cent to 1 per cent more
The railway dividends are likewise better this week. Last
week, it will be recollected, some were good and some were
bad. This week they are decidedly better. The London &
Southwestern, for instance, which serves Southampton, dis­
tributes 8}4> against 1% last year, and the Metropolitan, a
purely London line, pays 3%, against 3 per cent last year.
Both banks and railway companies carry forward large
balances.
The following return shows the position of the Bank of
England, the Bank rate o f discount, the price of oonsols, &o.,
compared with the last three years:

|Wtnm. our own «x>r?e«jmi%
\itmi1 1
L0tu» >x. S*TC*i« iaV, January 23rd. 1897.
There h»s been very little chang*1 cither In the political or
pc- '!*.• rnto Cun-liUon o f alfairs Juts' nine* last week. Purlin*
nti'nt « a« « jhii>d on Tuesday, bat very little fresh informa"
lion !,*< tx*« a giv.-n to the world, either in the Queen's speech
or in the speeches of Ministers. Th ■ only real addition to
our knowledge is th'* statement made by Lord Salisbury that
the Power* are till at one that some kind of compulsion must
be applied to the Sultan, but that they cannot agree how far
the compulsion is to hr carried. Privately, the writer learns
that Russia propose>1 to bribe the Sultan by helping him to
get a lo m o f 4 millions sterling, but then she hesitates to
give the full «u irantec, offering what is described as a moral
guarantee.
The j ispue in Bombay and Kurracohee is growing worse.
Tiu- mortality is frightful and people are flying from the
town.-, in multitudes. The distress, too, in consequence o f the
failure of the crops is b ooming severer, and every day the
number employed on the relief works is increasing largely.
The L >rd Mayor has opened a fund for the relief o f the su f­
ferers, which is being subscribed to very liberally, but the
fund is only to supplement the action of the Government
The 11jvernment undertakes to give work to every person in
need -f it and to pay such wages as will enable all in want
to get the requisite food; but it will not go further, and the
fund now being raised is for providing things which the
Gov. inment thinks ought not to be given out of taxes raised
compulsorily.
In Australia, on the other hand, rains have fallen abund­
antly, except in the extreme west of.N ew South Wales It
is hoped that the long drought has come to an end, and that
the colonies are about to enter upon a better time, In S iu th
Africa the failure of the crops and the rinderpest have
plunged the natives into such distress that they are every­
w h e r e restless and disposed to rebel.
Troubles are feared
both in Ba-utaland and Griqualand. No progress has as yet
been made in the negotiations between the great mining capi­
talists and the Boer Government for the purchase and annul­
ment of the railway acd dynamite monopolies.
The B ink of England on Thursday reduced its rate of dis
count from 4 per cent (o 3*^ per cent.
A couple of days
previously the Imperial B ink <.f Germany had lowered its
rate from 5 to 4 p-rcen t. The feeling here is that money
ISP?.
1896
1895.
1804.
J a n . 20.
Jan. 22.
will now become cheap and abundant, and will continue so
J a n . 23
Jan . 24.
£
£
£
£
throughout the first half of the year. Ths Russian Govern­ O lrcnla io n . . . ...... ....................... 25,761,390 25,323,500 25.015,550 24,573.790
5,818,348
ment, through its financial agents, gives assurances that it P u blic d e p o s its................. . . .. 8,412,0 J8 9,6 36,609 6,331.255
44.020,003
52.852,140
Oi her d e p o s it s ................ ...........
84,773.637
29,398,609
will not require gold for the present, and the Japanese Gov­ Q overn raent s e c u r itie s .. . . . . ___ 14,235.117 14 632,555 14,477,309
9,360,317
23.065,779
20,732,225
17,636,010
ernment also reassures the ei y by the statement that nearly O ther secu rities
24.791,643
alt the gold required has now been taken. There is little fcteaerve o f n o te s and < nln......... 27,4:.0,103 39.172,881 27,142.457 19.211,141
C oln& b u llion , both d ep a rtm ’ts 36,411.493
47,096,381
35,358,007
27.384,931
probability that the Indian Government will borrow gold. P rop , re s e rv e t o lia b ilitie s , .p . c.
53M
82X
am
51%
3J**
2
Sauk
rate
...
..
p
e
r
c
e
n
t
.
2
3
If then neither Russia, Japan nor India takes exc ptional
107 11-16
C on sols, 2U per c e n t . .. . . . . . .
105 %
98 15-10
ua*S
amount*, it is reasonably probable that money will accumu- S ilv e r....... . ... ........................... 29 ll~ 16d.
80^d.
S id
UVAa.t ■
!«>* hen- in London and upon the Continent, although during C learin g-H ou se retu rn s. . . . . . . . . 156,200,000 163,107,000 122,712,000 121,917,000
February and the first half of .March the outside market here
* January 21. +January 24,
will b- stripped bare by the large collection of the revenue.
The rates for money have been as follows :
That, however, will be a very temporary affair.
In terest allowed
In the silver mark, t there i* very little doing, and in spite
Open M a rk et H ates.
,
fo r deposits by
<.f tii.- «i.-at stringency in the Indian money market the
T ra d e B ills.
BUIi.

&
I(,Jia D-upf-ll is "till unable to get the price for which it holds
1 T h ru F ou r S ix Three Four Six Stock
out for its bill*. It. offered for tender on Wednesday 50 lacs
Months Months M onths M onths M onths M onths Banks.
*nd *oM vt ry little over $ lftC8, at a trifl- above l*. 8 1. per ruaH*9-16 m m m
4
Deo
2
1
sn@m ax
V**'
'■1
' no* hi-an that money is'growing easier in “ 31 4
3
3
m
m
S'4
»u
ZX
In?!:;., It means that the exchange bonks had provided Jan. S 4 311046
m
m
2X
«H
2H
15 i
3M m
2X
m
m
th'i- *, iv . very largely with exchange, and consequently are
2
“ 22 ■m 2M-510 2M-5 46 2 5-16
a
*.-m
u
m
n(.witling t*» give the prio« which the India Council is insistSank

ty i’t the American market this
past, The public, as vet, is not
taki
time J*

is

th,
to

int, but

it is noticeable that

2ly than for a long
'la
-onda
la are not being altogether
u hardly be and that there is vary much iostt-i r class, but there is a good deal of inquiry
■vt*. indicating that the general public here
1 w u r.'d that the new Administration and
' will pursue a wise policy in order to begin
up in a considerable scale. The hope is very
arbitration treaty will be ratified, eo that

D U c’ t JBTse

At 7 to 11
CaU. Days.
3

2X
2X
2X
2

«H
m
m
m
m

The Bank rate o f discount and open market rates at the
chief Continental cities have been as follows;
Rate* of
Interest at

Seriin...... .
Hamburg.....
^ranktort.,...
iVmsterdam....
BrabBelli..,,,..
Vienna..... .
St. Petersburg.
Madrid.........
Mopenhagen.

Jan. 15.

Jan. 2i

Jmu 8 ,

Dec 31.

Bank Open Bank Open Bank Open Bank Open
Rate. Market Rate. Market Rate Market Rate. Market
2
2
2
3
2
2
m
5
5
4
4
5
aw
m
m

4
4
ax

6

aH

m
m

n
i

4
4

5
4

8
4
fl

5

4

5
3X

6'

8

sm

aw

m
SH
SH
6
4
4

5
5
ax

8

4
6

5
4

m

5
5
SX

■m

4

0

6

4

4

3W

8M

8

4

5

4
4

SS4
4
6K
4
4

THE CHRONICLE,

F e b r u a r y 6, 1897.]

273
r e c e ip t s

Messrs. P ix le y & A bell w rite as fo llo w s u nder date o f J a n u ­
a ry 2 1 :

The quotations for bullion are reported as follows:

1890-97.

Jan.

Jan.

8.

s.

Bar gold, flne-...oz.
Bar gold, parting, oz.
Spanish, old...... .oz.
New................ i-iW.
U. S. geld coin. ..oz.
Geirni’n goldeoin.oz.
French gold coin.oz.

14,

21.

L o n d o n Standard,

77
77
76
76
76
76
76

d.

10*2
ll
O1*
li*
5 1*
3%
3%

SlLVEB.

77
77
76
76
76
76
76

d.

10%
11%
0%
1%
5%
3%
3%

Jan

L o n d o n Standard.

Bar silver, line.-.oz.
Bar silver, eontain’g
do 5 grs. golcLoz.
do 4 grs. gold oz.
do 3 grs. gold.oz.
Cake silver.........oz.
Mexican dollars.oz.

21.
d.

d.

30 ile 303.6
30
30
291S16 2913.6
an
32
29% 293.6

Supplies available for consumption (exclusive of stocks on
September 1):

1896-7. . 1895-6.
1894-5.
1893-4.
Wheat imported, cw t.27,067,930 27,099,860 25,618,966 24,397,477
Imports ol flour....... 9,L03,38O 7,916,550 7,797,790
7,714.834
Sales of home-grown. 10,961,051
5,965,454 8,353,518
9,717,176
Total..................... 47,795,361 40,981,864 41,770,274 41,8.9,487
1896-7.
1895-6.
1894-5.
1893-4.
Aver, price wheat,week.3 is. 8d, 25a. KM.
20s. 3d.
26s, 44,
Average price, season..29s. 2d. 24s, 8d.
19a. 8d.
26s, 10d.

The following shows the quantities of wheat, dour and
maize afloat to the United Kingdom :

E n g lis h

2,4 0,000
335,000
1,055,000

1896.
2,055,000
431,000
560.000

%
12,898
12,172
12.260
13,764
13,040
12.751
11,041

88.754 5,734 13,972 J87,558

98.722

87 926 2,9( 6 10,157 199,711

f>f«KrTKHWMW^T**

29H ib 29:1 iQ

1896-7.
1895-6.
1894-5.
1893-4.
ImportBof wheat,owt,27,667,930 27,099,860 25.0 IS,-1GO 24,397,4/7
Barley........................ 12,074,290 11,769,830 13,358,504 14,011,336
5,519,640 6,094,537
5.480,150
Oats............................ 8,271,870
Peas............................ 1,652,378 1,246,530
1,108,154
1,160,610
Beans.......................... 1,333,340
1,605,600
1,815.044
1,882,309
Indian corn................23,26 1,200 16,823,830
9,107,314 11,441,863
F lou r.......................... 9.163,380
7,916,530 7,797,790
7,714,834

L a st w eek.

*
14.077
15.639
14.654
14,347
11,455
12,169
16.381

14

IMPOSTS.

This week.

*
%
2,509 29.399
1,271 25,585
1,511 24,650
2,538 27,353
2,175 26,16S
1,880 27 J 89
2.008 27,323

Jan.

The following shows the imports of cereal produce into
the United Kingdom during the first twenty weeks of the
season compared with previous seasons:

Wheat............. q rs... 2,420,000
Flour, equal to qrs_.. 413.000
Maize..........................1,0 0.000

N .B k.
in ter’ l Red’p, M isc’ l
Rev’ue Fund. S’rces

$
$
*
370
ISM57 14,303
fa ir ,..
23
4 a g . . .. 12 330 11,961
66
3 e o t - .., 11,374 11,679
89
O c t . . . . 11,231 13,475
958
13,105
9,930
Scw . ..
I f , 779 13,199 1 222
Dec —
11.277 11,032 3,006
Jan
7 moa. 79,098

Gold .

1895.
3,082,000
305,000
427,000

0

!| tn. |B
Ned
.B'p
k.

03

22,27?! 18 ,10 1 6 ,7 toj
12,3901 2,938
423 j
14.071- 11,486!
18.5 '8 j 10,346 5,033
10.8S5i 13,179 3,19?
487
11.894 j 11,431
<2,970! 10,5 15 6,764
82.474 if%552

Im po r ts a n d

L ondon.

Sat.

Mem.

Tttet.

Wed.

Thurs.

F ri.

*
29,251
29.309
28,026
30,208
26,596
26,651
29,670

N.Bk
P en
In
Red’p. l o t a >
sions. terest. Fund.

Ordinary

f !

J u ly ....
\nsr...
S e p t....
O ct. . . .
N ov . . .

*
%
182 2,094
356 1.142
4 76
636
487 1,610
610 1,491
362 1,369
43 i 1,815

•miMt-Od 1

Ordi- !
nary, j sions. jfere*! i Fund

S
$
f
18,185 12,755 7,308
18,437 12,302 1,849
13,316 10,708
296
17,434 11,891 5,168
12.865 12,235 2,099
14,125 11,867
822
15,581
9.965 6,933

461
«S8
890
885
4,839

110.243

$
$
974 39,522
047 33,235
935 25,255
599 35,092
1,099 28,298
919 26,733
1,119 33,648

81,223 24.025 0.292 221,783

E x p o r t s f o b t h e W e e k .— T h e f o l l o w i n g a r e

the imports at New York for the week ending for dry goods
Jan. 28 aud for the week ending for general merchandise
Jan. ,21; also totals since the beginning o f the first week in
January.
FOREIGN IMPORTS AT NEW YO R K .

1896,

1897.

F o r w eek.

1895.

Dry goods---- Gen’f mer'dlse

$2,112,098
6,873,733

$3,011,466
6,830,659

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

$8,985,849

1894.

$3,875,076
5,145,745

$1,473,147
5,626,195

$9,845,125

$9,020,821

$7,099,342

*9,262,763 $13,141,042
28,117,652
27.7J8.558

$14,828,545
26,111,250

$7,368,300
23,209,370

Total 4 weeks.. $36,971,321 $41,258,694 $40,939,795

$30,577,670

Since J a n . 1.

Dry goods.......
Gen’f mer'dlse

The following is a statement of the exports (exclusive o f
specie) from the port of New York to foreign ports for the
week ending Feb. 1 and from January 1 to date :
EXPORTS FROM NEW YO RK FO R TUB W EEK.

F in a n c ia l M a r h e ts —P e r C a b le .

The daily closing quotations for securities, & c., at London
are reported by cable as follows for the week ending Feb. 5 :

1895-96
01**tom s.

N .B k.
Infcsr’ER ed’p. tfisc’ i 'lota t.
Fund. S’rces

JmHorn*.

j*
g
63

Gold.—No change has taken place in the gold market since our last
report, and all arrivals are readily sold for export to the East and
Russia, No movements have taken place at the Bank of EngUnd.
Arrivals: South Africa, £84.000; Bombay, £13,000; River Pia e, £ '4 ,OiO. i oral, £ 1 8 1 ,0 0 '. Shipments. Bomoav, £12,000; Japan, £L00,0 :0 ; Calcutta. £16 8 0, Total, £ 178.80 >.
S lver. -N o change has taken place in the fixed price for two weeks,
and there are no seders under 29%d. The Indian price, to-day, is so
Rupees per 100 Tobihs. Arrivals: Sew York, £91,000. Shipments:
B o m ta r .i 2,.100; Calcutta, £ 17,5 0. total. £40,0 i .
Mexican DoTars—These coin are in slightly better demand at 2914>i.
Arrivals from New York, £ 38 ,0 0 j. Shipments to Hoag Kong, £ 14 ,550.

(OOOs o m it t e d )

1896

1897.
For the week..
Prev. reported
Total 4 weeks.

1895.

$7,521,968
25,666,46?

*8,496,366
25.264,757

$33,188,133

$33,761,123

1894.

$7,306,318
22 336.743

$6,137,244
22,156,603

$29,643,061 $28,293,847

The following table shows the exports and imports o f specie
Silver, per ounce.......d. 291' w 39**16 2911,6 29%
291,
29%
jPonaols,, new, 2% p.cts. 112% 1121% 11213,6 113h8 1133,. 113* 16 at the port o f New York for the week ending Jan. 30 and
For account.............. 112% 112% 11215,6 113% 113t„. 1133 „ since January 1, 1897, and for the corresponding periods in
Fr'ohrente«(lnParls)fr. 102-95 03-07% 03-22% 03-17% 103-.5 03-07% 1896 and 1895 :

Atoh. Top. & 8anta Fe.
Do
do
pref.
Canadian Pacific..........
Chesapeake & Ohio......
Ohio. Milw. & St. Paul
Iienv. & Rio Or., p ref..
Brie, com m on........ .
1st preferred .............
Illinois Central...........
Lake Shore..................
Louisville <&Nashville.
Mexican Central, 4s ...
Mo. Kan. & Tex., com..
N. Y . Cent’l & Hudson.
N. Y. Ontario & West'n
Norfolk & West’ n, pref.
No, Pae. p r e f t r . reets.
Pennsylvania...............
Fhila, & Read., per sh..
South'n Railway, com..
Preferred......... ........
Union Pacific................
WSbaah, preferred.......

15
25*2
56
18
7s %
44%
15%
35%
96%

52%
71%
14a4
96%
15%
13
37%
53%
13%
9%
29%
7%
16%

15%
26%
57 %
18%
78%
44%
15%
36*4
97%
157
52%
71%
14%
90%
15%
18%
39
53%
13%
9%
30%
7%
16%

15%
26*4
57 **
18%
78%
45
15%
36**
97
157
52%
71%
14%
96%
15%
18%
39%
53%
13%
9%
30%
7
16%

15%
25%
57%
18%
78%
44%
15%
36%
97
157
52%
70%
14
96
15%
18H
38%
53%
13%
9%
30%
6%
16%

15%
2o%
57 3,
1*%
78%
44%
15%
36%
97*4
157
52%
71
14
96%
15%
18%
39
53%
13%
9%
30%
7%
16%

I d 1*
25^
57%
18
78%
44
15%
361*
97%

52
70 **
1 %
90%
15%
18
33%
53%
13%
9%
29%
7%
16%

© c n w n x c v x t c t la ix t l B & t s c e l l a u e o u s l ^ e u x s
N a t io n a l B a n k s .—-Hie following information regarding
national banks is from the Treasury Department:
NATIONAL BANK ORGANIZED.

5,053—'The National Bank of Walden. New York. Capital. $50,000.
George W. Stoddard, President; W. C. Stereos, Cashier.

EXPORTS AND IMPORTS OF SPECIE AT NEW r O S K .

E xp orts.
g o ld .
W eek .

Im p o rts.

S in ce J a n . 1.

W eek.

S ince J a n . 1 ,

$502

19,800

$ ii,2 8 9
784
7,547

10
167,454
4,722
58,452

$197,240
10,526,640
26,523,936

$49,620
1,914,761
166,107

$231,140
7,294,178
517,343

West I n d i e s ........

$62,410

$177,410

South America.......
All other countries.

9,500

Total 1897.........
Total 1896........
T it al 1895.........

$71,940
513,504
7,282,800

S ilver.

E xp orts.
W eek .

Im p o rts.

S in c e J a n . 1.

W eek .

S in c e J a n , 1.

Great Britain.........

$888,050

$2,830,394
366,000

West Indies.............
Mexico......................
South A m e r ic a ........
All other countries.

2,575

3,105

$3,408
51,327
78

23,034
134,318
72,579
1,345

T o ta l 1897........
Total 1896........
Total 1895........

$890,025
905,300
576,242

$3,208,499
4,197,916
2,877,884

$54,813
70,121
5 >,744

$231,596
211,840
161,244

$320

—-Corporations desiring bonds of suretyship for their officers
or employes are referred to the twenty-fourth atmuil statement
of the Guarantee Company of North America, published among
our advertisements to-day. This company, “ the original
C O R P O R A T E E X IS T E N C E B X P /R B D .
2,348—The Walden National Bank, Walden, N. Y,, expired by limita­ company in America,” c>n fines its business strictly to issuing
these nnnds and it has accumulated for its shareholders a sur­
tion January 25, 1897.
plus of oy-r 125 per cent from this business alone, and not in
u- iVKitNSKNT Revenue and Expenditures.—T hrough the any way by contributions from them either by way of assisacourtesy of the Secretary of the Treasury, we are enabled to ) ments or premiums on new issues of stock. The resources for
place before our readers to-day the details of Government f security of the insured amount to about a million and a quar­
receipts and disbursements for the month of January. From I ter dollars,
previous returns we obtain the figure*1 for previous months | —Attention is called to a list of investment bonds adver­
and in that manner complete the statement for the seven j tised in another column by Messrs. Wood, Huestis Sc O n,
months of the fiscal years 1808-97 and 1895 96.
<31 Pine Street-,
C O R P O R A T E E X IS T E N C E E X T E N D E D .

2,337—The Pacific National Bank of Lawrence, Massachusetts, until
January 27, 1917.

TH E

214

C H R O N IC L E .

[ V o l . LX 1V ,

—Attention is called to the offering of the five per cent 30year gold first mortgage bonds of the Richmond Traction Co.
at 98 and accrued interest. In the advertisement on another
page will be found very full particulars regarding this com­
pany: see also statement and map on pag» s 74 and 76 of
the November issue of our Street R ailw ay Supplement.
The Richmond Traction Co, opened for business June 19,
By*.
1896. The gross earnings to Dec. 31, 1896. are reported at
$63,163; opera'ing expenses, taxes, etc., 137,887* leaving net
37,43^ earnings of $34,775. It is pointed out that the company has
45,000
in the first six months o f its business, with only a portion
55,078
of its lines in operation, earned practically the entire year’s
interest on its authorized issue of $500,090 onds. The bonds
5.934
are offered by Messrs. Middendorf, Oliver & Co., Baltimore,
and John L. Williams <fe Sons, Richmond, who recommend
them as among the best and safest street railway bonds in the
6,300
market.
4,2'*
—The attention of our readers is directed to the selected
153,968 list of investment securities advertised in this issue by Messrs.
75,081 Redmond, Kerr So Co.
47,000
—B. L. Smyth & Co. offer the Chicago & Alton 8 per cent
common stock at a price to net investors 4 80 per cent.
5,249,474

tfrr{ti2»tuir» Ptgtirp* BrotitrtK Fr«w

‘T*!18

Ifolo-«r ar* (ir^piiw bv tit from the figures of too
York Pvotiaoo fech*fige, Wo first gi*e toe receipts at
Western hike aad ri ver
a rra a p d ^ as to p r o ^ t tee
movement for the week ending Jao, ou» loy /,
mud n -<^4 k0ico*t 1. for v uVh of the last three years:
...j..u.oTr-—

ttom.

WhmiFbmt.
mm. is*^- BmkMfm
mjm
■■

ijw.tu*
ir.,0 c.
ms

JMgfifrij

UmiaiA. .s.

l,7W\

4.-2

%mts
ZAJN6

300.087
181*800.
00/51

I74.0OO
136,740
■U
18,7SO
4,200
16.740
8.743
i78.<-ari

MJMQ
is-fAiS
IS.TM

l#rCr

iswwkiv«»»«-

tjm

18,505
52.500
35,760

718,100
580,850 im to
48.000
819,150
8,123m* 2,0.>6,117 775,404
u\m 1
2,600.993 9,-98M48 1,007,88»
} 40,10.9
1,0*2.373 • L2i0,t»86 1,013,210 '978,578
1
WA»>
7J9t0

WifeMh

T«3l-*AV7

1

Bstrley.
Bmh, iMb*

0mU.

-

6^000

iu.^m,o0s ^1,014,03 09.306,678 27,423,039
149,479*107 07,«/3.S-M 70,716/30 26,810,973
i«8W7M* 45/47. ns* 50,033/44 25.701,716

m$«t.

>.
.-tmt»m . ..

2,443,754
1,523 604

City R ailroad Securities—Brokers’ Quotations.

The receipts of dour and grain at the seaboard ports for the

R&jimt* at—

100/25 32.375
20,0.11
1H,*71
2,5v4
5,528
4V>*9 40,270
*2,8^7 15,680
1,230
3,060
8,7>0
8/14
83,612

xjas&»&
icfliaftwit, .****«

Com.
bush.
180,235
2 m,im

Barley,
bmh.
75,’ 75

361,060
131.239
21,692
68,823
136.175
2,550
30,7-45
50,214

Bye,
bush.
65,325

11.907
2.'50
.... 20,000
5,000 104,494

. ..

§!«m

GalTcsioa ......
. ..

** **•
169,819
875

* niyciript* do not includ e grain passing th ro u gh N ew O rleans f o r fo re ig n
p o r ta o® thrm ich bills o f lading.

The total receipts at ports from Jan. 1 to Jan. 30 compare as
follows for four years:
r jour........... .. .. .b b l s .

1,249,339

3,318,615

1895.
1,064,882

W h, v

1.705,189
i
3,808.078
5 *3.507
461.136

1,113,946
7.7.M.515
2,800.14&
4*J? 591
21,879

1,073,731
1.867,431
2,290,351
393,926
32,408

1.578.909
8,925 633
2 080 921
654 5 15
20,647

* 5,647,847

13.83u.62?

............ b osh .
..........
**
0 »t* . . . . . . . . . . . . “
Barf e v
.......
**
R ? r ............
. ..
"

T ota l g r a in .. . . . . . . 30,990,227

12,078,106

The exports from the several seaboard ports
coding Jan. 30, 1897, are shown in the annexed
flo u r ,
Corn,
W heat,
uais
iiye,
bitth.
rugh. bblt.
rrem™ truth*
bm h
N «w T o r i ..
400,30* 371,738 134,145 334,118
09,561
000
&>«*»». ..... s&0,*o* & 8,324
3 ,e l»
8,593
47,616
P o r tla n d .........
id , to?
i s , 019
30,000
P h iladelphia..
32-,018 263.646
Baltim ore. . . .
New O rleans,N o r f o lk ...,..,P e w i t N ew t
ffr J o b n ».N .ll.
O a lr e s t o n . . . .

760.9I6
525.802
362,7 S4
601,284

....
10,460
........
.,
39,490
........

35.108
815
8.7 U
83.612
3.719

459,925
1,630

B id .

A sk.

A tla n . A v e ., B ’ k ly n —
C o n . 5s, g ., 1 9 3 1 .. A & 0
I m p t . 5 s , g .t 1 8 3 4 .. J & J
S le e k . S t . <fe F u L F ,— S tk .
1 s t m o r t., 7s, 1 9 0 0 . J & J iu u jiu o
B r o o k ly n R a p id T r a n s it .
19^4 19 h
B1w a y <ft7 th. A v e , —S t o c k . 197 ‘ 205
" "
1 s t m o r t., 5 s , 1 9 0 4 . J & D
108
2 d m o r t., 5s, 1914,J<fcJ
111.
116
B ’ w a y ls t ,5 s ,g n a r .l 9 2 4 $113
2 d 5 s . i s t . a s r e n t T .1 0 0 5 §103
104)®
C o n s o l. 5 s, 1943..„J<&I> 118>a 139
B r o o k ly n C it y — S t o c k .... 17*2 173
C o n s o l. 5 s , 1 9 4 i...J < fe J 118
B k ly n .C r o a s t ’ n S s .lS O S 103
105
B k l’ n .Q ’ n sC o , & 8 u b . 1st
103
B k ly n .C .& N ’ w t ’ w n —Stk i « 8
il2
5s, 1 9 3 9 ............
§110
C e n tra l C r o s a to w n — S t k . 200
1 s t M ., 8s, 1 9 2 2 ...M & N §105
no
160
O en .P k . N. A E . R i v . - S t k . 153
C o n s o l. 7 s , 1902...J<feD 112
114
U 7 ti
C o lu m b u s & 9 t b A v e . 5 h, 117
156
C h ris t’p ’ r & lO tli S t.—Stk . 150
1 s t m o r t . . l 8 9 8 _ .. - A & 0 _ 101
104
§ A n d a c c r u e d in t e r e s t .

D . I>. K. B. A B a t ’ ’*—S t k .
1 s t, g o ld , 5a, 198 H .J& D
S c r i p ..................................
E ig h th A v e n u e —S t o c k . . .
S c r ip , 0a4 #.914........ .
42d <& O r. S t P e r .—S t o c k
42d S t. M an. & S t N . A v .
1 s t m o r t. 6s, 1 9 1 0 .M & S
2d mort*. in c o m e 8 s . JifeJ
I je x .A v e .& P a v .F e r r y 5 s .
M e tro p o lita n T r a c t i o n . ..
N inth A v e n u e —S t o c k . ..
S e c o n d A v e n u e —S t u c k ..
1 s t m o r t.,5 s ,1 9 0 9 .M & N
D e b e n t u r e 5a, 190 8, J <feJ
S ix t h A v e n u e — S t o c k .

I I

900
211,812
847,958
4.1li
80$,025
302.714
m,v8 i
2 1,428
.4
33V 26 884.990 3,381,750 81**,638 114,133
35*i.608 124,051 2,493,086 782,009 113.267

inv&moiiO-.........
****©*«**,,.
Norfolk: . . . . . . . . .
Newport News..

WMl i m

Wlf ic.
Mt-h,

flour,
bblt.

1894.
1.339,067

for the week
statement:
Barley,
Peus,

bus),

5,635

bush.
204,088

42,500

4,*152

W20

'42,857

A sk .

if!

170
115

§100
330
40
9116
50

U078
108

m

108
102
193

it

1 s t m o r t., 5 8 ,1 9 3 7 .J A J
T w e n t y -T h ir d S t .—S t’ k.
D eb. 5s, 1 9 0 3 .. .. . .. .. .
U n io n R v —S t o c k .......... .
1 s t 5 8 .1 9 4 2 ...............
W e s t c h e a t ’ r, lftt,g u .,5 a .

102*1

88 112%

300

i8

117
60
170
163

110
105

200
158
102
103

Was Securities—Brokers’ Quotations.
& A 8 C O M P A N IK S .

B id .

A sk .

B’ k ly u U n io n G aa—S to o k ,

91
1 0 8 1*
165
68
100
180
105
230
10434
76
46
95

93

C e n tra l......................... —
C o n s u m e rs ’ ( J e r s e y O ity).
B o n d s .. . ........ .
J e r s e y C it y & H o b o k e n ..
M e tro p o lita n —B o n d s . . . . .
M u tu a l (N . Y . ............. .
N\ if. & E a s t K iv . 1 s t 6 b..
P r e fe r r e d .................... .

50,214
C o n s o l, 5a

201.428

B id .

...........

H A S C O M P A N IE S .

B id,

P e o p le s ’ ( J e r s e y O i t y ) . . . .
W illia m s b u r g l e t 6 s ____
_ F u lto n M u n ic ip a l 6 s . . . . . .
E q u it a b le ___ ____. . . . . . . . .
71
B on d s, 6s, 1 8 9 9 ................
103
....... S t. P a u l . . . .......... .
B o n d s, 6 s . . . ................... . . .
S tan d ard p r o f ...............
235
1051)
C o m m o n ............. ..
77
W e s t e r n Q aa.................... .,
47
96*9

170
102*9
105
200
103
49
78
107
80
Ml
90

A ek.
175
205
105
52
81
109
82
til N
91*3

Auction Sales.—Among other securities the following, not
T otal «rlc.,. 8&&T 3 3,195.882 297,194 921.001 121,011
49,055 209,040
73S.351 3.210.123 260.073
7.028
regularly dealt in at the Board, were recently sold at auction
.......
14.781
........
The destination of these exports for the week and since
By Messrs. R. V. Harnett & Co.:
September 1, 1896, is as below. We add the totals for the
Shares.
B on d s.
corresponding periods of last year for comparison:
1 0 I m p o r t e r s ’ & T r a d e r s ’ N a t.
$ 5 0 0 C om stock T u n n el la t
<■ ■— 2-km r.---------- <—— “W heat.--------,— —— C o m -----------*
B r ^ r u for
WWk
Sine* Scpi.
W eek
Since Sept,
W eek
Since Sept,
week «**4 Sncc Jan. :s \ 1,1831,
Jan, ;*». 1.1814.
J a n 30.
1,1896.
Se&t, 1 t o 5ft/#.
btuft.
bush.
bush.
4.261,042 722.715 22,895,«C8 1,0*4,9?O 33.539.128
5*8.792 57,048 0,449.333 1,424,105 20.033,521
Qetm xtm . 1 . . . . . . . .
014
419.774
t i C*
2.400
17,049
10,190
1.0.821
18,217
Irsdle**..
488,543 . . . . . . . .
• ....
14,588
487,749

bbu.

Ammiy% u jm
y$m%
BHt. S. A. CoP*.
127,m
wmm msmtrtm. 27.340 104,194 106.350
573,032
112,079
404^089
&7AH 5 »«1,689 3 8,573 29,986,182 3,195.882 64,307’ 28*
6,650.150
260,07$ -----rm*' m&m.
788.354 20,462,119 3,210,123 39,701,73^
The visible supply of grain, comprising the stocks in
granary .at the principal points of accumulation at lake and

««*■:*I'M'irar-:I nmfHfos .In n

3(1

1807

Ti'5.r^i.
hmh.
.*

SmMow at—
w** 1 oft-..... .

pa

tM&jm

I’ici

li.itijdjo
2 0.CO0
ftfltannkiM.... ....
B§ «Aii$
M.Sfi<ki .....
mt
Qmrrni
*. trim;.
ii ym *
Oi*mntm
Wmmm,.
U< *.
f -*
's
h^r:s.

jj *
Hk.* x m --

IMriMA

A#W«

w o a nn f n ll n t * ....

Corn,
bmh.

%nsjm
~‘ titnew
n ijm
74,006

-

|it,000
47‘1,000

(His.
huh,

4,030.000 2,180,900
470,000
95.000
60,000
125.000
151 O00
271.000
22’t,0<M)
2*1 000
5.107.000
1.719,000
351.000
4,000
0,000
11,000 1.402.000
03.0,000
*53,066
iisjoio
1 I,06 ©

W tjm

Rye.
bmh.

327.0*>«•
22,000
130.000
95.010
1 ,395,00V
400.000
003.000
58,000
127.000
43,066
34.66 b

240,000
fwtaoo

20i/M>0

B a rley,

bush.

566.000

177.000
10,060
1,250,010
65.000
215.000

163.00ft
95.000
•104,006

24,066

63.000

‘nMjm

IH.0’00
410,900
08,000

»o*i tfwwp*
T«Ail J
r<j*Af i
Tofti* r
t t*m
*h, %Pm
€8. t, 4»i

»«TZtTnnti

3.827.000

060

4.066,000

hlU.mo

Shares.

|

3 0 S a fe ty C a r H e .t in g C o .. 7 5 ^
6 0 N a t .B u t y b e r 8 & D r o r .B l c . i a ? 1!!
5 I m p . & T r a d e r s ’ N a t. B tt.5 3 4
2 0 H in v e r F i t e l o g C o . . . ! 2 0 1s
1 0 C o n t in e n t a l F ir e I n s . C o . 3 3 0
2 5 A m c i c a n U x N a t. B a n k . 174>4
7 F o u r i b N a t. B a n k . ------ .1 9 1
3 0 E m p i r e C it y F i r e l n s .C o .l 0 d
2 5 TJ. S. n s n i lt y C o .............. 6 0
8 C o n i E x o h a u n e B a n k ___ 3 0 1
l d 4 8 t a u A - . n l O il T r u s t ........ 2 « 8
2 5 U . S. M t « ,& T r u s t C o . . . 2 2 0
I t ) L a w y e r s ’ T i t le In s . C o . - - 1 5 3 14
10 B r o o k ly n W a reh ou se &
8 t i i r « « e C o ........ ................... 1 2 5
1 2 W a s U itia to n L if e I n s . C o . 1 6 0
4.4 Battle F ir e I n s . G o ............ 2 4 1

|
[
|
I
I

82,000

Scares.
12
40
32
12
1
10

N a t . BIT. o f t b e R e p u b l i c . M O 1*
B r o a d w a y Nat., t e n It___
C o n tin e n ta l N a t B a n k 1 37
F ir s t N a t. B k. o f S t a t e n f. 120
C l i o t o u H a ll A s s o e la t u . . 5 2
E den
M u se s A m e r ic a n
C o ., L i m i t e d . .
p e r ah .
2 5 N o r t h S t a r 3 flt i’ i{ 0 0 . $ 3 p e r 8 b .
B a n d s.
$ 1 6 0 ,0 0 0 A t l’ iH a C o t t o n M ills
1 s t Ha, 1 9 0 3
M A S . ...................5 0
$ 8 ,0 0 0
B e l v l d e r e D e l.. R R .
O o .o o n s o l . 4 s , I 9 2 7 . F & A . . 1 0 3 ) 3
$ 2 .0 0 ' O m a h a W a ter C o. 5 s,
001(901,, 1 l l ' t ............................... 1 0
$ 2 , 0 0 0 M e r o p liis at C h a r le s ­
t o n R R . ffen . 0 s ......................... 2 2

U it it M iig

and

Spencer

T rask

J ftim u c ta l.

4

29 P t VE

S T K K B T ,
6 5 S ta le S tr e e t, A l b a n y .

C o .,

GtsoRQS B iit c i.A y MotrpAT.

M o f f a t

ME W

V r tlttt.

S E C U R I T I E S .
a m h a s o e ii

& W

8.458.000
bankers,
1A1.53m.100
3.002,000
H1&76000 64*3*000 8.005.000
1.630.000
2,791V DO 30 P I NK S T R E E T
HmrooB
404,000 1.796000
3.891.000

&

BANKERS,
27

I N V E S T M E N T

WM

..............$ 2 5 ,0 0 0

By Messrs. Adrian H. Muller & Son:

34.000

50,066

im

1st terminal 5s

$ 9 0 ,3 i 0 K y . & r n d . 8 4 « e . C o .
2 d 5 a ......................................... $ 1 5 ,0 0 0

00,000

7,000
130,000
10.000
58.000
45,006

4s 1919
_
4 2 9 1,00*> boiV lsv,* N .'i 'U ) . ' &
O l i o R y . e q n i >. 5 s .........$ 5 0 ,0 0 0
$ 3 5 ,0 0 K y , A f n d . B ilg e . C o ,

B a n k ........ ...............................5 3 7 1 4
5 1 O rsigin C a t t l e C o .........$ 1 t o r lot.
1 ,5 0 0 L a f a y e t t e & M o n o n R y .
C o .......................................... $ 3 0 ,0 0 0

if. w a r™ , jb

h i t e

,

NEW TA R 8

NVES T MENT S ECURI T I ES .

February 6

V h e

THE CHRONICLE,

1S97.]

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying 1-16 disoount,
selling 1-16 premium; New Orleans, bank, §100 premium:
commercial, 25c. per 81,000 disoount; Chicago, 40c. per $1,000
discount; St. Louis, par@ 25o. per $1,000 premium.

sB a ti t ie r s ' ( lia s e t t e .
U I V ■ Ct K > U * .
Per
Oent.

Sam e o f Company.

R a ilr o a d s (S te a m ).
Chlo. & Alton com . & p ref.iquar.)
Oleve. & P itts., euar. (q uar.)........
Codd . & P ass. R ivers p r e f.. . . . . .
S t. P a u l & D a lu tli p r e f. ...............
S treet R a ilw a y s .
W est C hicago (q u a r .)-.....................
U i.c e lia n e e n s .
C hicago G as (q u a r ) .........................
C hicago T elep h o n e ...........................
D iam ou d M atch (q u a r .).................
E rie T eleg. & T elep . (q uar.)..........
St. P au l G as-L ight.........................
W ash in gio u (D.C.) Gas-L. (quar.)

i%
2%
2%

1%
l
2%
1
1
2%

When
Payable.

[War.
Mar.
Feb.
Mar.

Books closed.
(Days inclusive.)

United States Bonds.—Sales of Government bonds at the
Board include $172,000 4s, coup., 1925, at 122% to 124;
$34,000
4s, coup., 1907, at 112% to 112%', and $20,000 4s,
to
1 Feb. 11 to M ch. 1 reg., 1907, at 111% to 111%. The following are the closing
to
l —
quotations :

1 Feb.

7 to F e b .2d

Feb.

15

to

Feb.
Mar.
Mar.
Feb.
Feb.
Feu.

25
1
12
15
2u
1

Feb. 11 to
—
to
Mch. 6 to
Feb. 7 to
Feb. 10 to
J an. 16 to

M ch .12
F eb . 14
Feb. 20
J a n . 31

W A I L S T R E E T . F R I D A Y . F E B . 5 . I S 9 7 - 5 P . flt.

Surplus reserve

1897.
Jan. 30.

DiJcre?i'afrom
Prev. week.

1896.
Feb. 1.

1895.
Feb. 2.

*
5 9 ,7 7 2 .7 0 0
74.888.100
4 8 8 .7 65,700
18,111.500
5 6 3 ,3 31,800
79 ,6 8 4 .6 0 0
1 20,296,600

$

8
6 1 ,1 2 2 ,7 0 0
73 .0 1 7 ,1 0 0
4 1 7 ,1 4 2 ,7 0 0
13,799.000
4 9 0 .4 4 7 .2 0 0
7 6 ,8 45.900
8 5 ,3 8 9 ,3 0 0
1 6 2 .2 3 5 .2 0 0
1 22,611,800

t
6 1 ,6 2 2 ,7 0 0
72 ,0 2 8 ,2 0 0
4 9 0 ,3 1 5 ,4 0 0
11,371.900
5 4 6 ,9 6 5 ,2 0 0
81 ,5 5 5 ,5 0 0
9 1 ,9 3 7 ,3 0 0
1 7 3 ,4 9 2 ,8 0 0
1 3 6 ,7 4 1 ,3 0 0

5 9 ,1 4 8 ,2 5 0 'ln c .2 .0 8 0 ,450l 3 9 .0 2 3 ,4 0 0

3 6 .7 5 1 .5 (0

Dec. 1.573,000
Deo. 368 ,3 0 0
Dec. 1 4 7 ,8 0 0
Ino. 5 5 0 ,5 0 0
Ino. 1,493,000
1 99.981,200 Inc 2 ,0 4 3 ,5 0 0
140,832.950 Deo.
3 6 ,9 5 0

Foreign Exchange.—The foreign exchange market has
been easy and generally steady on a small volume of business.
A limited amount of bills drawn against sales of railway
securitys in Europe have been offered, and grain bills are in
fair supply.
To-day’s actual rates of exchange were as follows: Bankers
sixty days’ sterling, 4 84%@4 84% ; demand, 4 80%@4 86%;
cables, 4 86%@4 87.
Posted rates of leading bankers follow:
February 5.

Sixty Days.

Interest
Periods

Feb. 25
—

The Money Market and Financial Situation.—In the
absence of other features of importance Wall Street has been
considerably interested this week in matters pertaining to
the Northern Pacific Railway and the transfer o f a large
block of its securities to European purchasers. Simultane­
ously with this transfer there has been an active market
for the securities of other trans-Continental and reorganized
companies. Attention is also turned to this class of securi­
ties because of the limited supply o f high-grade issues and
the large volume of money seeking investment.
Since the opening of the year the Eufcpean money mar­
kets have gradually assumed more normal conditions than
previously existed, and on Thursday the Bank of England
reduced its rate from 3% to 3 per cent. There have been
no developments of importance in the foreign exchange
market. The demand for bills is more limited since the
discount rates abroad have been reduced, and if the supply
is in excess of the demand there is no disposition to crowd
the excess upon the market and depress rates.
Recent reports of railway earnings are in some cases more
favorable than they have been, but there is still large room
for improvement in this direction. It is an encouraging fact,
however, that the New York Central has been obliged to
enlarge its force for handling the increasing freight traffic
at its Western terminus.
Notwithstanding the absorption of investments, which is
not now confined to the highest grades of securities, as
noted above, the supply of money is largely in excess of the
demand.
The open market rates for oall loans during the week on
stock and bond collaterals have ranged from 1% to 2 per
oent. T od ay ’s rates on call were 1% to 2 per oent. Prime
commercial paper is quoted at 3 to 4 per oent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £201,833, and the percent­
age of reserve to liabilities was 52-45, against 53-39 last
week ; the discount rate was reduced from 3% to 3 per oent.
The Bank of France shows an increase of 1,750,000 francs in
gold and 1,450.000 francs in silver.
The New York City Clearing-House banks in their statement
of Jan. 80 showed an increase in the reserve held of $2,013,500
and a surplus over the required reserve of $59,148,250, against
$57,067,800 the previous week.

Capital...................
Surplus.................
Loans & disc’nts.
Circulation.........
Net deposits........
Specie.....................
Legal tenders___
Reserve held.___
Legal reserve___

2 75

Demand.

Prime bankers’ sterling bills on London..
4 87%
4 85%
Prime commercial............................................ 4 84 ® 4 84%
Documentary commercial............................. 4 8 3 % ® 4 83%
Paris bankers' (francs)................................... 5 19=335 18% 5 177|6®5 17%
40 % ® 40=ie
4 0 ® 4 0% «
Frank fort or Bremen (relolunarks) b’ kere 95 = 9 5 1 ,6
95=,e®95=8

2 s , ....................... reg.
4 8 ,1 9 0 7 . ..........reg.
4s, 1 9 0 7 . . . . . . .ooup.
As, 1 9 2 5 ...............reg.
4s, 1 9 2 5 ...........ooup.
5s, 1 9 0 4 ...............reg.
5 s ,1 9 0 4 ........... ooup.
6s, our’ey,’ 9 8 ...r e g ,
6s, our’oy,’9 9 .. .reg.
4s, (Cher.)1897.reg.
4s, (Cher.U 898.reg.
4s, (T'her.) 1899. reg.

Jan.
30

Feb.

1.

Feb.
2.

Q .-M o h . I* 96

Feb
3.

*x!5% * 95*3
Q .- i a n . Ut78 *111% * 111%
Q .-J a n . :*L12% 1 1 2 % *L1 2**
Q .- F e b . *123
* 1 2 2 78 * 12234
Q .- F e b . 1 124 | 1 2 2 % *122%
Q .- F e b . *113=8 *113=8 *113%
Q .- F e b . * 1 1 4 78 *xi 3=a *11358
J A / . *103% *103% *10338
J 4 I. *1068i *106% *10638
M aroh. *104 *104 *104
M arch. i*104 *104 *104
Maroh 104 * 1 (4 *104

Feb.

Feb.
5.

4

* 9 5 % * 95*2 * 95*2
*11134 * l l l = s m %
*1121* 112% *112
*122=8 *122m *122*4
122** 1223s 1223s
*113=8 *1131 * *113 **
*113=8 *113 ** *113*2
*103 *4 *103*2 *1033s
*106*4 *106*3 *106%
*104 *104 *104
*104 *104 *104
*104 *1C4 *104

* This is the prioe bid at the morning board, no sale was made.

United States Sab-Treasury.—The following table shows
the daily receipts and payments at the Sub-Treasury during
the week
Ba'ances.
Date. | Receipts.

Jan. 30^
Feb. 1
•• 2
44
3
44
4
44 5
Total

Payments.

Coin.

*
2 .689.399
3.50 8,52*
3 ,315,303
5,2 5.359
3,632.011
4,6 2 2 ,1 2 2

%
2,7 1 5 ,6 7 1
3 ,4 7 1 ,0 9 4
3 .349, »91
2,9 $4,227
2 ,991,862
3,4 7 5 ,8 3 3

$
122,732.564
122.77 7.421
1 22,900,163
122 .9 4 3 .4 o9
122,98 4 ,7 6 2
1 23.025,148

2 2 ,9 92,718

18.988.578

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

Com OerVs.
%
1 ,1 7 %982
1,496,921
1,833,644
1,803,476
1,9*^0,838
2,0 4 6 ,0 0 3

Oicrrency.

9

55,= 0 % 7 0 9
5 5 ,0 1 0 ,3 4 2
5 1 ,5 8 6 ,2 9 0
5 6 ,8 14.344
5 7 .2 3 5 ,7 7 8
5 8 ,2 7 6 ,5 1 6

Coins.—Following are the current quotations in gold for
coins:
Sovereigns..........8 4
86
N apoleons......... 3 85
X X Reichmarks. 4 74
25 Pesetas.......... 4
77
8nan. Doubloons.15 55
M ex. D oubloons.15 50
Fine gold b a r s ...
par

® $ 4 89 I Fine silver b a r s ... — 6 4 78® — 6 5 %
®
3 88 I Five fran cs.............. — 9 3 ® — 9 5 %
®
478
Mexloan dollars.. — 5 0 % ® — 5 1 %
®
4 81 | Do unoom’ o l a l ..--------- ® ----------® 1 5 75
I Peruvian sols....... — 45% ® — 47%
® 1 5 75
English silver . . . 4 83 ® 4 87
® % prem. | U. 8 . trade dollars — 6 5 ® — 75

State and Railroad Bonds.—Sales of State bonds at the
Board include $45,000 Virginia fund, debt 2-3s o f 1991
at 62% to 62% and $20,000 Virginia 6s deferred trust reoeipts,
stamped, at 6%, and $2,000 Tenn. Settlement 3s at 79 to 80.
The volume of business in the railway bond market con­
tinues large and well distributed. This is due chiefly to
the purchase of high-grade issues for investment, and to
the favorable condition of several of the newly reorgan­
ized companies, including Northern Pacifio, Oregon R. &
N., Oregon Short Line & U. N., Atchison and St. Louis &
San Francisco. Of these the No. Pacifies have been most
conspicuous and advanced an average of about 2 per cent.
Ore. S. L. & U. No. have continued the movement noted
last week and made an additional advance of nearly 3 points.
St. Louis & S. F. 4s and gen. mort. 5s have been in demand
and have advanced about 2% points and 1 point respect­
ively Ft. Worth & D. City are over 3 per cent and Erie
gen. lien 3s are 2 per cent higher than our last quota­
tions. The Hocking Valley issues have declined from 1 to 3
points. The active list includes also Clies. & Ohio, Chic. &
No. Pao , Burlington & Quincy. Rock Island, Cent, of
Georgia, Mo. Kansas & Texas. Rio Grande West., St. Paul,
San A. & A. Pass. Southern Ry.. Union Pacifio, Texas &
Pacifio, Wabash, West Shore and Wis. Central bonds.
Railroad and Miscellaneous Stocks.—The stock market
as a whole has been unusually narrow and uninteresting
during the week. Of the railway list Northern Pacifio has
been conspicuous on the large sale of its securities abroad.
The common and preferred have advanced about 3
and 6 points respectively during the present movement.
New Haven dropped 14 per cent on the offering of a few
shares, but lias recovered more than one-half the decline;
Long Island has fluctuated between 48 and 52%, closing at
50. The coal shares have continued weak, although the of­
ferings have been small. The grangers have been relatively
strong, fractional advances and declines in the group being
about equal. The Atchison and St. Louis & San Francisco
shares were more active than usual in sympathy with the
bonds, and advanced nearly a point.
As usual the miscellaneous list has been subject to specula­
tive manipulation and changes are largely due to that influ­
ence. American Sugar, which sold on Monday at 117%,
declined to 114% on Thursday and closes at 113%. Disappoint­
ment in regard to a rumored extra dividend on U. S. Leather
preferred is given as one reason for a decline of 2% points in
that stock. Western Union lost 2 points on the announce­
ment of an adverse legal decision which was afterwards pro­
nounced to be of no significance. General Electric and
Tenn. Coal Iron & Railway have been among the strong
features of the group.

2

THE CHRONICLE.

1 1)

NEW YORK STOCK KXCH AN'OK—A C T ! V E

ST O C K S f o r ioeek en d in g F E B .

IIIU U R S f A N D LOW EST PR IC E S.

Haim*
sK*

Monday,
Feb. 1.

Tuesday* Wednesday,
Fttb. 2,
Fab. 3.

T hursday,

Feb. 4.

»

’

STOCKS.

[ Y o u LX IV.

5,

an d since J A N .

1, 1897.

S a le s of
R an ee fo r p e a r 1897.
I th e
i On ba sis o f ioo-$ k a rc lots ,J

I Week,
■Shares

L o w est,

H ig h est.

A c tiv e R R , S to c k * .
1408 14% A t.T o p .* s .F e ,a llln s t a l. paid 5 3 ,1 6 5 13% Jan .
15% Feb, 1
14% 14% 14% 15% 14% 15% 24%
14% 15% 15 15% 25
2
i
7s
Do
pref. 2 4 ,8 7 9 22% Jan .
25
25%
25% J a u . 3 0
24%
*
2
*
5
%
75%
25%
25%
is 25%
% A tla n tlo A P a o iiio .....................
% Jan .
-%
% J a n . 14
*% % *% % *% % •% % ‘ >8 *4 •14%
270 14% Jan .
18 J a n . 8
15% 15% 15% 15% lit 15% Baltimore A Ohio.............. l , 893
15% 16
ft 5 15 15% 15% '18%
19 B rooklyn Rapid Transit
18% Jau.
19% J a n . 4
19% Hi 10 §19% 19% •55%
IP 19
fi# lit
50%'------***C anadian
P a o iiio .......................
*55% 58%
54% Jan,
5 6 Jan. 8
58% *55% ft7 *5ft%
*S4% 55% *55% 40
4
47 C anada S ou th e r n ....................... 1,220 44% Jan .
40% J a n . 19
46 46% 45 45% 45 46 •498%
45%
*45 m
99%
4
,3
6
3
C
entral
o
f
N
e
w
J
e
r
s
e
y
..............
U
9
100
I
9
9
Jan.
103%
Jau . 19
100%
100%
100%
100
100
%
100
%
iOO%lot
3 00 12% F eb .
1 1 % 1 1 % * 11 % 1 2 % C entral P aoiiio .............................
15 J a n . 5
12% 12% •11% 12% *10% 11% ' 17%
13 13
17% 17% 17% C hesap eak e A O h io................... 6,5 2 5 16% J a n .
19% J a n . 18
10% 17% 17% 17% 17%
18%
43 §164 Jan .
C h icago & A lt o n .........................
J167% 187%
§167% Feb. 4
lies 166 •nil 108 •161 168 ....
73% 74% C hicago B u r lin g to n A Quincy 7 3 ,5 9 6 69% Jan .
77% J a n . 18
74% 75% 74% 75% *42
74% 7*3» 75% 75% 74% 75%
45
C hicago & E a stern I llin o is ...
•40 ......
42 ‘40 42 *40
*39 42 *39
98
15 § 3 5 Jan . 8 §98% F eb .” 3
Do
nref.
too *90 too *90 100 §98% 98% •93 98 §98
78% 78% 75% 7ri% C hicago M ilw au k ee A S t. P au l 5 0 ,2 1 7 72% Jan . 5 77% Jan. 18
77% 76% 7?% 76% 76% 70% 76% 133%
1,2 7 8 131 J a u . 8 133% F eb . 3
p ref.
133% §133% 133% _ . D o
133% 133%
xm H 13*2%§133% 133%§133 133
103% 104% C hloago A N o r th w e ster n ........
2 ,5 2 8 102% Jau . 2 105% J a n . 18
104%105 104% 103 101% 101% 101% 104%
T
f>
2
_
D
o
pr
e
f
.
74 153 Jan . 12 1 54 Jan . 29
§152%
155
•
152
*154 100
67% "«7% C hicago Rook Islan d A P aottlo 1 2 ,7 9 6 65% J a n . 5 7 0 Jan . 16
67% 01*4 67%. 677g 0758 67% 48
tm n 69 tH% m
48%
6,5
7
6 47 Jau. 2
C
hicago
St.
P
au
l
M
inn.
A
Cm.
518,
J a n . 18
48%
49%
49%
51
51% 51%
50% 50%
491%
128
135
HO 133% Jan. 18 133% Jan . 18
Do
pref.
*133 137 §135 134 §135 135 ‘130 135
27
27%
2
,3
3
8
2
C
leve.
C
incln.
Ohio.
A
St.
L...
30
26%
Jan
.
27
28
Jam 18
28%
28%
28% 28%
27% 33%
Do
pref
7 3 Jau . 4 73% Jan. 4
*75 .. .. *75
SO *75
‘ 75
*9%
6,1
3
5
9%
C
olum
bus
H
ook
in
g
V
a
l.
A
T
o
l
7
Jan
.
27
9
%
10
18
1
0
3
0
9%
Jan. H
10%
10
ii n%
n% 9%
45 _
200 4 0 Jan . 21 40 Jan . 21
Do
p r e f.
40 40 §40 40 *...... 45 §40 40 .......... 41 r107% 108%
1
1
,6
5
9
D
e
la
w
a
re
A
H
u
d
so
n
..................
108%
J
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n
.
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lO
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g
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J
au. 6
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152 153
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D ela w areL aokaw atm aA W est
154 154 152% 152% 161% 152% 151Ta152%
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.
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J
a n . 19
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r
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.
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P
.
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:
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2
3
0
15%
15% J a n . 18
14% Jau.
15 15
15% 15% •15%
3 0 5 3 3 Jan.
35% J a n . 18
5°
1 s t p r e f.
35% 33% §35% 35% *35% 35%
_
Vo
2d p r e f.
21 J a n . 15
20 Jan.
*19
*20 22 *20 22
E v a n s v ille & T erre H a u t e ....
•25 31 •25 31 *25 31 “25 31 *25 31
122 G reat N orth ern , p ref
6 08 1 2 0 J a n . 10 122 Feb. 5
*120 122 121 121 121%121% 121%121% T 2L 123 122
94% 94% I llin o is C entral.
2 2 6 92% J a n .
95 Jan. 22
*94 90 $95 95 §94 96 '94% 96 *94% 96
30 0
*7
8 I o w a C en tra!___ m
*7%
8
?% *7% 8
•7% 8
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6% Jan .
8 J a n . 16
7
45 2 5 J an.
Do
p ref
27% J a n , 2 0
§25% 25% *25 27 *25 27 *25 20% *25 2 6 *25% 2 0 I
55 0 1 6 J a n .
1 6 % L ake E rie & W estern
18% J a n . 18
Hi 16% 17 17 16% 16% *10 17% *16% 17% § 10%
80 % 6?
0 4 67% Jan.
Do
pref
70% Jan . 2 0
*66 70 •60 70 *66 69 §69% 69% 567 67
•154 154% 154 151*4 153 153 153% 153% 152% 153% L ake Sh ore A M ich. Sou th ern 1 ,4 0 6 152 Jan . 2 154% J a n . 19
153 153
51 L ong I s la n d ...........................
2 ,2 5 5 42% Jau. 22 55 J a n . 8
*48
50
50
50 ■*„*> 51% 52%i §52 52 48 48
52% Jan . 1 9
51% 51*8 51% 51% 51 51% A51 51% 50% 51% 50% 50% L o u isv ille A N a sh v ille ............ 1 8 ,5 1 0 47% J au .
% L o u isv . N e w A lb a n y A Chin..
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% J a n . 11
1
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pref.
4
§1% J au .
§ 1% J a n ,
89
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Jam 18
89=% 90% 89% 90% 89% 90% 89!% g o
99% 91
1,3 5 5 108 Feb.
109 109 108% 108% §103 108% 108%108% 108% 108% 108 10 8 M etrop olitan T raction
110% J a n . 5
*88
90 90 1......
93 M ichigan C entral.......................
100 9 0 J an.
91 Jan . 12
20 M in n eap olis A S t L o u is ..........
50 1 9 Jan .
19% J a n . 2 9
*18% 20 *19% 20 *19 20 §20 20 *19 2 0 *19
112 7 8 Jan .
79 79 •78% 80 §79% 79% •78 80 580 8 0 *78% 80
79% J a m 18
Do
l e t p r e f.
48 48 48 48 *47% 48% *47% 18%
3 0 0 46% J a n .
48 4# •48 43
Do
2d pref.
48 Jan . 3 0
14 14% 14. 14% 13% 13% 13% 137s 111% 13% 13% 13% M isso u r iK a n sa s A T e x a s ........ 1, 50 13% Jan . 4 14% Jan . 1 8
30% 30%
31% Jam 18
Do
pref
30% 31% 31% 31% 30% 31 30% 31% 30% 31
5,855 28 % Jan.
4 ,6 8 8 2 0 Jan.
24% Jam 18
22 23 22-s 23 22% 22% 22% 22% 22 2 2 % 21% 22 M issouri P aolflo ...................
*21 23 *21 23 *21 23 *21 23 *21 23 *21 23 M o w ie a O h io................
2 l% J a n .
2 2 % J a n . 12
§ 7 0 Jan .
§ 7 0 J a m 25
nr
•
agian d
37
38 *
37
38
38 *
38
>rk C en tral A H udson!
2 ,9 0 5 92% Jan.
93% W3V 93% 94 93% 937^ §93% 93Bs 93% 93% 93% 93% N e w Y ork
95 J a m 1 9
12
12
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7 0 0 11% Jan,
12% J a n . 18
75
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75
75
Do
1 s t p r e f.
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70 Jan. 22
7 0 Jan .
75
•25 30 •27 30 •25 30 *2% 30 '25 30 *25 3 0
Do
2d p r e f.
27 J a m 7
2 7 Jan .
§175% 175%§171%173 100 §108 104 165%5169% 109% §169 169% N e w Y ork N e w H a v e n A H art,
91 9 1 6 0 Feb. 2 §178 Ja m 4
4 5 4 14% J a n .
15% 15% 15!% 15% *14% 15% *147s 15% §14% 14% *14% 15% N ew York O ntario A W estern,
15% J a n . 18
*8%
27 0
9
8% H% *8% 9
9% J a m 18
8 Jan .
9* N ew Y o r k S u s q .A W e s t,n e w .
♦8% 8% 9
- 8%
9~
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1 ,8 7 0 22% J a n ,
26% Ja m 18
Do
pref.
*u% 12 *11% "I'd '11%
§11% Jan.
*11% 12% * 11 % 12 % * 11 % 12 % Norf. A W estern ,all in sta ll pd.
§ 11 % Jan . 18
18 18% 18% 18% *17 18% *17% 18% *17% 19 *17 18
D o p r e f.,tr .o tfa .a ll in s.p d ,
3 0 0 17% Jan.
18% J a n . 3 0
14% 13=8 15% 101% 15% 15% 147g 15% 15 15% 14% 15% N or. P aoiiio R y. v o tin g tr .c tfs. 4 4 ,2 5 3 13 Jau .
1 6 % F eb . 1
Do
p r e f. 1 1 1 ,7 4 0 32% Jan .
36% 38% 37% 38% 37% 3s% 37% 37% 37% 38% 37% 38%
3 8 - Feb. 5
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§17% Ja m 18
§ 15 Jan.
43 44 •U% 15% 44*3 44% 44% 45% 44% 44% 4 4 4 4
D o p r e f., v o t. t r u s to tf s .
2,1 9 8 3 ' % Jan.
45% Fob. 3
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28% J a n . 18
*13%
*13% 17 *13% 15
7 2 5 12% Jan .
14
Jam 21
13!% 13% 13% 13% §13% 13% P ittsb u r g C inn, Ohio. A St. L .
*45 50 50 50 “48 55 *48 55
51
Do
pref,
100 5 0
50 F eb . 1
Feb.
51
R io G rande W e s t e r n ...............
•HO 117%-iTe 117%*116 117%*116 117% T 1 7 118 *117 118 Rom e W atertow n A O g d en sb .
§117 J a n . 2 6 §119 Ja m 18
01 *56 02 *56 HI *56 62 *56 62 '5 6 61 St. L onia A it, A T. BL.tr.recta
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5% 38%
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5
% •5
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87%
39 38% 3-% 38 40 39% 4 0
r
39
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4 0 F eb . 3
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1 s t pref.
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13% 13% 135s 16
Do
2d pref.
6,8 4 3 12% Jan.
15% 15%
16 Feb. 3
15% 15%
4% 4% *4% 4% *4
*i% 5
4% *4 4% *3% 4% St. L ou is S o u th w e ster n ............
100
4% J a n . 18
4% Jau.
11 11% 11 n% *10% 11% 10A 10% * 10 % 11 % § 10% 1 0 %
Do
pref.
7 7 0 1 0 Jan .
11% Jan. 18
*30 22 §23 24% *20 22 *20 22 2 0 % 20% *20 23 St. P a u l A D u l u t h . . . . . ____ . . .
175 2 0 Jan. 4 22% J a n . 13
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Do
pref.
10 .8 7 F eb , 3 § 9 7 Feb. 3
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*114 1 17 St. P a u l M inn. A M a n ito b a ...
,1 4 Jan . 28 114 Jau . 28
15% 15% 15% 15% 15 15% 15% 15% 1 5 15% 15 15% S ou thern P acltio C o................... 2 ,0 0 9 13% J a n . 131 15% J a n . 18
9% 9% 9% 9% 9% 9% 9% 9% 0% 9% 9% ga iiS o u th ern .v o tin g tru st, oertif. 4,278 9% Jam 27! 10 Ja m 16
29 29% 29% 29% 20 29% 29 29% 29% 29% 28% 29%! D o pref., v o tin g tr u s t. oert. 1 1 ,163 2 6 J an. 4 29% Jan . 19
9% 9% 9% 9% 9% 9% *9% 9% 9% 9% 9% 9% T ex a s A P aoiiio ............................ 1,3 0 0 8% Jan. 2 10 % J a n . 18
7
7% 0% 7
0% 6% 6% 7<% 7% 7% 7
7% U nion P a c in o tr u st r e c e ip ts.. 2 2 ,365
6% Jan.
10 J a n . 5
*1 % 2% *2 2%
.....
‘2
2% *2
2 % U n ion Paoiite D e n v e r A G ulf.
*2
2 % J an. 6
2 Jau .
2%
•1% 7
*0% 7
6% 0% §8% 6% * 6 % 0% 6 % 6% W abash............................................ ” 54© 6% J an.
7% J a n . 1 6
16% 10% 10% 16% 16 16% 10 16 16 16% 15% 15%
2 ,8 9 0 15% Jan.
Do
pref.
17% J a n . 18
*2% 2% 2*4 2% 2% 2% 2% 2% 2 % 2% 2% 2 % W h eelin g A L ak e E rie.............. 2 ,8 7 0 2 Jam
0% Jam 2
*10% n *10 12
10% 10% 10% 10% §9% 9% 9% 9 %
9% Fob.
Do
pref.
29 Jan. • 5
405
2% *2% 2%
*2
........ IW ise. C en. Co., v o tin g tr. otfa
2 % Jan.
2% J am
2%
o c e lia n e o iit S to ck s.
*4,1% 33% *12% 1.4 14% 14% ‘ 11% 13% *11% 13%. *11 12% IAnmterican
12% Jan.
C otton Oil C o........ .
14% Ja m 16
50 *54 50
56 *51 50
100 54% Jam
— .I *53
55
Do
pref.
56% J a n . 19
14 14
11 14% 13% 14% *54
lo a
13% 13% 13% 13% 12%
13% A m e r ica n S p irits M fg. C o___ 10,148 11% Jan.
14% J a n . 19
31
32%
31 31
31 32 §31
J
B1
31
31%
Do
pref.
3,9 3 4 2 6 Jan .
32% J a n . 19
116% 117% 117 117% 110%117 115%1HISr 114% 116% 113% 114% A m erica n Su gar R efin in g Co. 1 5 9 ,4 7 0 11 0 Jam 5 118%
J ail. 19
16$%10$%
103% 103%103% 103%103% 1 0 2 % 103 101% 102 !
Do
pref.
1 ,9 0 4 100% J a n . 71103% J a u . 27
74%
75 72% 74 72% 73% 72% 73% 72 73 A m erican
T obaooo C o.............. 18,266 7 2 Feb. 5 79% J a n . 1 4
‘ 102% 104% 1011 103 103 103 §101%103% 103 103 §101% 10l% !
pref.
8 93 102% Jan . 2 9 106% J a n . 14
11% 1i
it % 12
11% 11% §u% 11% 10% 11% 11 11 B a y SDota te G ih .............................
3 ,0 2 5 10% Fob. 4. 13% Ja m 6
7 6 % 7-§-%
7«% 78 78% 77% 78% 77%
78
76% 77% Chloago G as Co., certs, o f dep. 2 0 ,9 0 0 73% Jan . 5 : 79% J a n . 18
147%14#
149% 147%148 I4M 148 148% 148% 147% 148 C onsolidated G as C om pan y
1,8 4 7 136% Jan. 2 1 50 J a u . 28
35
M%
38% 35% 36 35% 36
2 9 ,5 5 9 32% J tn,
3 5 % 35% G en eral E lectrio C o.
36% Feb. 2
ms 25%, §35%
24%
24
21
%
24
22% 23% 2 2 % 2 2 % N a tio n a l L ead Co
26% J a n . 19
2
,9 2 3 22% Feb.
93% *0X 0!
91 91 90 90% 89% 89% § 8 9 90
91 Feb. 2
Do
89%
Fob.
1,167
pref.
*■4% 5
*4%.
'4%
5
§4%
4%
•4%
4%
N
orth
A
m
erican
Co
4%
Jau
.
35
8 J a n . 18
4%
25% 26 §23%
25% 25% 25% 25%.! 25% 25%
26% Ja u . 18
3 ,5 8 0 2 4 Ja n .
25%
P
acific
M
ail..................................
4fP
*£M
?i
*85
*92%
* 9 2 % .......... •92%
e Line C ertificates.........
IS# is 8 %130 ISO 155%155% 150 156 1)156% 150% 155% 155% PP uipllm
1 .0 4 1 1 5 2 Jan . 2 159% J a n . 18
a n P a la ce Oar C om pany
05% *0474| 05% *04% 05%
06%; *64% 65% * 64 % 66% S ilv er B ullion C e r tific a te s ... 7,000! 64% Jan. 1 9 85% J a n . 2 7
It % 11% 11% 11% 11% 11% *04%
11%
11
%
'
i
l
2
,8 1 5 10% Jau.
Standard
R
o
p
e
A
T
w
in
e
..........
11 % J a n . 19
11
1
1
11%
29%
30% 30% 20% 30% 29% 80 29% 3 0
2 ,530 25% J a n .
31 J a n . 1 8
29% 29% T en n e sse e Coal Iron A R R ... 1 ..........
*8%
0
M% 8% *8% 9
8%
8%
1,380
U n i t e d S ta te s L eath er C o,___
8% F eb .
8
%
9% J a n . 19
8%
02 02% m 62% 01 02 60% ei%;
2 8 ,4 1 3 58% Jan.
64 J a n . 19
Do
pref,
5 8 % 59%
22% 22% 22% 23% 22% 22% 22% 22%
1,2
5
0
22%
Jan
.
J a n . 19
U
n
ited
S
ta
te
s
R
ubber
Co___
21%
25%
§
21
%
75% 74% 76
7ft% 75%
757g
1,7871 74% Jan. 2 7 76% J a n . 5
75
75%
Do
pref.
§€4 84% 84 84% 82% 83'8 §7ft%
83 83%!
7,1 3 1 82% Feb. 4 86 J a n . 1 8
_B 2% _ 83
W estern U n ion T eleg r a p h —
"T hese a re W am i a sk e d ; no -rile m ade.
§ L eas th a n 1 0 0 sh ares,”

ir

February

.

THE

1897 j

6,

VfcI*V

B id .

* I n d lo a te s u n lis te d .
R a ilr o a d S to ck s .
A l b a n y A S u s q u e h a n n a ........... . l o t
.IOC
S a lt A O . 8. W . p r e f ., n e w ------ .1 0 «
«-»toti fe V . Y . A i r f i n e p r e f . .10<
B r o o k l y n E le v a t e d 11................... .ICC
s . id i i\4»ont?sI*jr
r*u;i>,.»ijr* .101
.10*
i a n . M a ' R a p id s A N o r........ .1 0 t
C h ic a g o G r e a t W e s t e r n ...........
10<
D o d e e ----- .101

iea a Fo*

A sk .

170
....
9
10
25ta 2 7
3
6
104
1C6
6
4
16% 22
61
!"2
5
4
;i6 6
8
5t>
3%
8

a l i e n *»». * h o r e a A t l a n t i c « lO i
fppeod «T
. L0‘
E v a n s v i ll e «fe T e r r e n . p r e f . . . . . * 0
H i n t & P e r e M a r q u e t t e .............. .1 0 0
.1 0 0
100
.*>
K e o k u k & D e s M o i n e s .............. .. 1 0 0
100
13
M e x ic a n C e n t r a l .......................... ..
1
M e x ic a n N a t io n a l t r . o t f s .........
ISO 1 6 2
IT. Y. L a c k . & W e s t e r n ............... 1 0 0

9

R a n g e (sa le s ) m 1 8 9 7 .
L o w e s t.

H ig h es t.

.7 0
9
23

F eb.
JaD .

105

Jan.

20 ^
572
4*2

1 -0
F eb.
10 ^ J a n .
27
Jan.
105
22*s
58
72
5

Jan.
Jan.
Feb.
J n l).

Jan.
Jan.
Jan.
F eb.
Jan.

166
8% Jan.

t % Feb.

3% Jan.
H J a il.
39*f Jan.

3% Jan.
8
Jan.
4 0 14 J a n .

30
7
4
3
15
27
8
9
13,
Us
164
165
__ 1 1 9

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

3
Jan.
2 Hi* .L i i .
8% Jan .
1 ®e J a n .
167
Jan.
121
Jan.

.1 0 0

O h io S o u t h e r n ................................. 1 0 .'

5

10 0
P e o r i a D e c a t u r <k E v a n s v i ll e
P e o r i a A E a s te r n ------- . .
li 0
P it t s . F t. W . A C h ic , g u a r ......... 100

2
5
164

2% F eb .
2 1*
8
170
165
Jaa.

2 *f J a n .
....
166
Jan.

R e a s s o n e r A B a t a '. o g a . . . . . . . . -.oil

176
____
20
50

180
1 »6
..
10
35
7.S
5*f

185
JaD .
4 0 % F eb.
....

8 I0 G r a r .d e * V e « * * r n p r e f ......... 1 0 0
T o l e d o * O h io C e n t r a l ................. 1 0 0
100
1001
P r e f e r r e d Tf..................................... 1 0 0

* N o p r i c e F r i d a y ; l a t e s t p r i c e t h is w e e k .

Jan.
Feb.
...

SECURITIES.
Alabama— Class A ,

4 t o 5 _____1 9 0 6
01*88 B , 5 8 ........... - ..................... 1 9 0 6

O u r r e n o y f u n d i n g 4 s ...............1 9 2 0
A r k a n s a s —6 b , f u n a . H o l . 1 8 9 9 -1 9 0 0
d o . N o n -H o lfo r d

N e w o o n o l s . 4 s ........... ............... 1 9 1 4

A sk.

B a n k o f N ew T u rk
M anha ttan C o ...........
M erch ant!*'..............
M e ch a n ic !* '.............
A m e r i c a ............... .
P h e u ix ......................
C it y ............................
T r a d esm en ’ s ...........
C h e m ica l..................
M e rch a n ts ’ E x c h 'g e
G a lla tin .......................
B u tc h e r s ’ A D rov ’ rs’
M e h a n ic s ’ <fc T r a d ’ s
G r e e n w ic h ..................
L e a th e r M a n u fa c ’ rs.
8 e v n i h ........................
S »a te o f N ew Y ork.
A m erica n E x ch a n g e
Cojntner. e . . . . . . . . . . .
B r o a h w a y ....................
M e r ca n tile ...................
P a c ific ................
R e p u b lic ................ . . .
C h a th a m ...................
P e o p le s ’....................
N o rth A m e r i c a .. ..
H a n o v e r ..................
I r v in g ........................
C itiz e n s ’ ...................
N a s s a u ...................... .
M ark et <fe F u lto n .
8h«>e A L e a th e r ___
C o rn E x c h a n g e ___
C o n tin e n ta l.................
O rien tal. ... ___
I m p o r te r s ’ A T r a d ’ rs
P a rk ...............................
E a*t R iv e r ..................
F o u r t h .................... ..
C e n tr a l.........................
S e c o n d .........................
N in t h ............................
F ir s t..............................
T h ir d ......................
N . Y . N a ‘ ’ 1E x c h ’ g e .
B o w e r y ......................
N ew Y ork C o u n t y ..
G erm an A m e r ic a n ..
C h a se .........................
F ifth A v e n u e .............
G erm an E x c h a n g e ..
G e rm a n ia ....................
U nited s t a t e s ...........
L in coln .......................
G a rfie ld ........................
F i f t h .........................
Bank o f th e M etrop .
W e s t *lrte....................
S e a b o a rd ....................
S i x t h ...........................
W e s t e r n ................... ..
F ir s t N at. B ’ k l y n ...
N at. U nion Bank . . .
L ib e r ty N at. B a n k ..
N .Y . P r o d . E x c h ’ ge

B id .

J H s c e lla n e o n s S t o c k s .
A d a m s E x p r e s s ............................... .1 0 0 114 9
A m e r i c a n B a n k N o t e C o U ___
.2 5
111
A m e r i c a n E x p r e s s ........................
U lo ^
A m e r . T e le g r a p h A C a b le . . . . .1 0 0
...
B r o o k l y n U n io n G a s .....................
,9 0 3 s
B r u n s w ic k C o m p a n y . . . . ........... .1 0 0
38
C h ic . J u n o . R y . A 8 t o c k Y a r d s .1 0 0
C o lo r a d o C o a l A I r o n D e v e l . . .1 0 0
>S
C o lo r a d o F u e l A I r o n ................ .1 0 0
2 4 ia
100
J4
C o m m e r c ia l C a b le ......................... 1 0 0 1 5 0
1(H)
6d
D e t r o i t G a s . ................................... 1 0 0
E d is o n E le c . 111. o f N . Y ............ l o t 1 0 4 to
E d is o n E le c . 111. o f B r o o k l y n . 1 0 0
E rie T e le g r a p h <fc T e l e p h o n e
6 4 7q
100
100
135^
I n t e r io r C o n d u i t A I n s ............... 1 0 0
23%
L a c l e d e G a s ...................................... 1 0 0
P r e f e r r e d ........................................ 1 0 0
70
M a r y la n d C o a l, p r e f ..................... 1 0 0
40
M lo h lg a n -P e n ln s u la r C a r C o . . 1 0 0
100
M in n e s o t a I t o d ............................... 1 0 0 150
.1 0 0
13
N a t io n a l 8 t a r o h M fg . C o ............ 1 0 0
5
100
!5
O n t a r io S i l v e r M in in g ................. . 1 0 0
1 0 's
O re g o n I m p r o v ’ t C o. tr. r o o ts . 100
P e n n s y lv a n ia C o a l ........................
50 320
1
100
P r e f e r r e d ........................................ 1 0 0
S t a n d a r d G a s , p r e f . 11 ................. 1 0 0 1 0 7 » s
T en n essee C oa l & Ir o n , p r e f .. 100
100
100
35
W e l ls . F a r v o E x p r e s s ................ 1 0 0
98

___

S E C U R IT IE S

B id .

M is s o u r i — F u n d ...............1 8 9 4 1 8 9 5
N o r t h C a r o l i n a — 6 s , o l d ............ J<feJ

.....

5.

R a n g e ( sa tesj in 189 7.

A sk .
......

L o w e s t.
149

119
1113) 1 0 9 ^
90
85^
91
85
58
*3
m
2 5 ‘f
9o
41 *
172
40
106
3 0 is
24
75
60

23

H ig h es t.

Feb.

155

Jan.
Jan.
Jan.
Jan.

1 1 1 * F eb.
9 1 * Jan.
91
Jan.
®8 J a n .

^ Jan.
Jan.

35
F eb.
20
Jan.
1013* J a n .

1
27

Jan.

Jan.
Jan.

371* J a n .
25
/a n .
U 5 % Feb.

64 % J a n .
31% Jan.

67
42

.Tan.

22

25
75

Jan.
Jan.

Jan.

12

Jan.

12

50

Jan.

5

Jan.

l b 's Jan.

Jan.
M
15
5
Jan.
5
10% Jan.

3
11
11% Jen.
lO S ^ 102
Jan.
70
Jan.

11% Jan.
108
F eb.
70
Jan.

15
7
T i"

42
100

37
97

F eb.
Jan.

40
100

Jan.

HONDA F E B R U A R Y 5.

aECUifcUTlJD•

A sk

T e n n e s s e e —6 s , o l d . . .
1 8 9 2 -1 8 9 8
6s, new b on d s ...
1 8 9 2 -8 -1 9 0 0
do
n e w s e r i e s ....................1 9 1 4
C o m p r o m i s e , 3 -4 -5 6 s ...........1 9 1 2
8 s .........................................................1 9 1 3
R e d e m p t i o n 4 s ........................... 1 9 0 7
do
4 ^ s ....................... 1 9 1 3
P e n i t e n t i a r y 4 * * s ......................1 9 1 3
V i r g i n i a f u n d e d d e b t . 2 - 3 S . .. 1 9 9 1
0 s , d e f e r r e d t ’ s t r e o 't a , s t a m p e d .

.........

N e w b o n d s , J A J ...........1 8 9 2 -1 8 9 8
B p e o ia l t a x , C la s s I ...........................

95*

Feb.

t A c t u a l s a le s .

6 s ......................................................1 9 1 9
S o u t h C a r o lin a — 4 * s , 2 0 - 4 0 . . 1 9 3 3
s , n o n - f u n d .................................1 8 8 8

6

Wt
We omit two ciphers (0 0 ) in all cases.

B an k s.
(0 0 s om itted .)

T o t a l....................

B id

105 if 107
104
107
101
98
96

(% Indicates actual sales, j

I n a c t iv e St o c k s .
f] I n d l o a t e s u n lis t e d .

NEW YORK STOCK EXCHANGE PRICES.—STATE

Jan. 30, 1897.

27 7

STOCK EX.CHA.MHE PRICES (C ontinued)—f-VA C T IV E STOCKS,
F eb . 5 .

••*■< d o

- HHONKJLE

Legals. Deposits.

.........

A sk.

........

..........

........

...........

77

79

...... I 02^

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

Capital' Surpl's Loans. |Specie.

103*
122
1 <J6

& iu

jO apitai A
Surplus

NY*1

$

Loans.

Specie.

$

$

Legal*.

D eposits.-1 Oirc’ Vn Clearings

I

Jm i. 9.. 135.660,8 4 9 1 ,1 1 6 .2 7 0 ,893,0 104,108.0 548 ,038 ,2 18.907.8 710 .293 ,4
“
16.. 134,000.8 4 91 ,399 .2 77,821,3 113,097,8 557 ,386 ,3 18.743.9 580 ,757 ,2
$ 1 ,7 3 0 ,0 $ 12 ,610 ,0
“ 23.. 134,060.8 4 9 0 .3 3 8 .7 79,134,1 118 ,803 ,0 563 ,479 ,0 18,479,8 008 .254 .0
2.1 3 7 .0 15.409.0
”
30.. 134,060,8 4 8 8 .7 6 5 .7 79,0 8 4 ,0 120,296,0 5 03 ,331 ,8 18,111,5 5 25 .710 .0
2.137.1 13.915.1
I lo s .*
2.543.0
8.4 7 8 .0
8 ,0 0 7 ,0 159,014,0
9.930.0 92,2 9 9 ,5
2.902.1 20.077.2 J a n . 16..! 69.351,8 168,430 0 11,061,0
** 23.. 69,351.8 169,077,0 10,904,0
8 ,071,0l 161 ,287 ,0 9.786.0 101.241.1
4.2 0 9 .0
1.054.0
“ 30.. 69,351,8 170,028,0! 10,763.0
9 .555.0 8 3 ,6 9 5 ,4
7,6 2 2 ,0 159,957,0
9.481.0 33.490.0
P h iln . •
2.145.3 Jan
537.3
16.. 35,203,0 100 .349 .0
35,521,0
100.107.0 7 .118.0 62,9 3 9 ,7
4.370.1 25.390.1
“
23.. I 35,20.3,0 100,254,0)
30,7 0 0 ,0
106.828.0 7.0 3 3 .0 63,7 1 0 ,3
6.335.5
021.5
“
30.J
35.268.0
107,223,0 6,955,0) 5 3 ,7 2 2 ,3
100.239.01
37,445,0
1.082.9
5.299.4
* W e o-nit tw o ciphers in all these Hjures.
108,9
1.202.3
+ In c lu d in g fo r B o sto n an d P h ila d e lp h ia th e ite m “ d u e to o t h e r h a n k s ”
2.1 4 0 .0
440.0
892 ,3
222.7
2,842,9
8 44 .8
2.006.4
472 .0
f V l le c e l la n e o u s H odc I m.
2.294.3
381.4
M iN c e l ln n e o u it B o n d * .
Br’ klyn U n. G a s ,1st co n s . 5s. 108 u b . I n t. C ou d. A 1 1) ft. d eb. tf»........
4.752.0 19.152.0
M an h a t. B e a ch H . A L. g. 4s.
25 b .
3.708.1 10.923.0 Ch. J o n A S. Y d s .—C ol.t.g.,5a
5.299.0 C«>1< rado C A I. 1st c o n s .0 s ,g
757,3
98 b. M e tro p o l. T e l. A T e l. 1 s t 5 a ..
8.555.1 Col. C. A I. D evel. gn . 5 s ........
M ic h .-P e n in . C ar la t 5a ___
2.473.4
C
o
lo
ra
d
o
Fuel
A
I
.—G
en.
5s.
3.208.2
994 .2
M u tu a l U nion T e le g .—0s, g . .
N at. S ta r c h M fg . la t 0a......... 101 b .
1. 002.1 18,995,4 Col.dfc H o ck . Coal A I .—6a, g.
N .Y . A N . J . T e le p . g e n . 5 a ..
0,313.0 CoDs.Gas C o..C blo.—1 stgu.Sfl
1.400.9
86 b
2.657.8 D o B a rc e le b e n C. A I .—g. 6s.
903.5
80 b. N o rth w e s te r n T e le g r a p h —7a
Det. '»a r c o n . 1st 5 ....... ...........
7.211.0
1.879.5
P e o p le ’ s G as A C. t l a t g, 6a. 107 b
5.099.9 24.049.3 E d ison E le c. 111. C o.—1st 5 * .. 112 a.
Co., C h ic a g o ....... { 2d g. 0a.
106 b.
3.050.0
Do.
o f B k lyn ., 1st 5 « .. 110 4 b .
] at c o u b . g. «a ---------...
685 .8
103 ^ b .
3.092.5
E q u lt. G. L .,N .Y .,o o n s . g .o s .
S o u th Y u b a W a t e r —C on. Pa.
282 .0
98 Sab.
E q u ita b le 0 . A F .—1st 0 s . . . .
74 ia b .
2.968.1
639.3
99 b. S ta n d a rd R o p e A T . la tg.G a .
5.891.9 E rie T e le g , A T e ’ ep. 5s, g . . .
1.257.0
In c o m e 5 a ................ ...............
28 b .
99 b.
3.531.6 H en d erson B rid ge— 1st g.0»»_ I l l b. S u n d a y Creek Coal l a t g 6a.
4 9 4 .0
10.386.4 Illin o is Steel deb. 5 s ...............
W e ste rn U n ion T e le g .—7 a . ..
N o n -co n v . d e b . 5s . . . . . ____ ..............
0.412.0
2.300.9
W h e e l.L .E .& P itta .C o a l latS e
1.730.0
423.1
N o t e .—“ 5” In d ica te s p r ic e bid ; “ a ” p r ic e asked. * L a te s t p r ic e tills w e e k .
4.6 4 3 .0 25.450.0
9.954.4 34.518.1
Bank Stock L ist—Latest prices. CfNewstocV. *Not Listed.
1.262.3
367 .8
4.8 8 3 .0 23.647.0
BAN KS.
B id. A s k
B id. A s k .
4,039,0, 11.772.0
BA N K 8.
B iA A sk . j B A N K S .
5.830.0
1.361.0
1,391,5! 4.8 8 4 .0 A m e rica ....... 315
N .Y . N a t. E x
G a rfie ld ..
500
....
ii5
N in t h .............
176 'G e r m a n A m . 110
4.9 0 1 .0 25.449.8 A m . E x c h .. 174
9.089.3 A s to r P la c e ’ 225
G erm an E x .*
1,532.4!
360
19th W a r d .. 100
..........
1.410.1 B o w e r y * ....... 310
N . A m e r ic a . 130
840,71
1G e rm a n ia .. . . 350
3.033.0 B r o a d w a y ..., 230 250
4 20 .0
G r e e n w ic h ... 165
175
3.112.7 B u te h .& D r ,. 125
140
315
340
170
203.6
270
P a r k .............. 255
|150
170
H do A L .» .. 85
95
447. If 2.449.4 C e n tra l +..
200
165
5.441.1 22.257.8 ( h a f-e .......... 525
7.857.1
109
C h 'ith a m ___ 290 300
731,8!
I tn .A T ra d ’ ra 530
i P h e n lx ____ 104
550
3.118.9 C h em ical — 4000
080.9
190
100
140
3.881.7 i C it y ............... 600
125
4 3 9 ,4 '
P rod . E x , * . . . 120
L ea lmr M fa ’ 174
0,330,2 C itize n s ’ ....... 125
150
039,9,
R e p u b l ic ... 145
L ib e r y ‘ . . . . 130
6.620.9 | C o lu m b ia ___ 170
109
176
1,609.81
750
4.600.4 C o m m e r c e ... 205
852.0
425
M a n h a tta n ... 210 225
206
1.722.3 C o n tin e n t a l. 130
314,3!
100
S e v e n th .
M arket A Fui 215
24 0
6.267.7 C orn E x c h ... 290
«u
1.448.8
M e ch a n io a ’ . 180
S h o e A L e ’ th 90
195
305
2.369.0 E a s t R iv e r .. 125
483.0
M ’ ch a ’ & T ra ’ 130
135
S t a t e o f N .Y . 110
7.178.0 11th W a r d .. 200
102
1.653.0
105
175
T h ir d ...........
99
1.440.0 F l f 'h A v e ___ 2900
337.0
T rad eam ’n ’ s.
90
M e r ch a n t.’ .. 136 140
4.821.0 14.035.8 F ifth * ........... 250
12th W ard*.
M e r ch ’ t. E x . 110
0,008,0 F ir s t ...........
1,314.3
200
425
3000
195
U n io n S q ----- 175
755,11 8.031.7 F irst N ., 8 . 1 120
M t. M o r r i s .. 100
150
2.457.8 14th S tre e t..
200
U u ’ d n iftie s . 176
363.6
N a ssa u
. . . 154
170
3.092.9 F o u r t h ........... 178
Y o r k v ille * ... 170
225 .6
IN. A m s ’ i’ am . 195
185
118
W e s t e r n ....... 114
G a lla t in ....... 305
N e w Y o r k . .. 230
240
330
275
W e s t S id e .
IN. Y . C o ’ u t y 650
90
SO,7 72 .7 74,888.1 4B8.7HS.7 70,fi84.B 1 2 0 ,2 Hr.,H f,« a .3 3 U ) G a n s e v o o rt.
--$

2 , 000,0 $1,916.1.0 $ 1 2 ,4 7 0 ,0 S
13.681.0
2.030.0 2.146,
2 . 000 , 0 ! 1,048,
10,428.9
8,1 IC.O!
2,000,01 2,209,
1,500, o! 2,508,
18,087,3
1, 000,0
4 .2 8 4 .0
36E
1,000,0 3,582,!,3 23,089,8:
2,322,4
861,5
,
750.0
300 .0 7,381, “ 24,2 8 2 .0
185,
600.0
4.7 0 0 .7
1 ,000 ,0 1,648,
5.940.2
1.251.4
209.
300 .0
278,
1.930.0
4 00 .0
168,
200.0
910.2
600 ,0
2.818.4
495,
105,
300 .0
1.472.9
1 . 200.0
500,
3.215.7
2,482,
23.477.0
5.0 0 0 .
0
3.672,
5.000.
0
22.395.8
0,030,5
1.000. 0 1,665,
1. 000,0 1 , 0 0 0 ,
7.380.3
482,
2.341.0
422,7)
12.350.0
1.500.0
938,
5.994.2
980,
4 50 .0
235,
1.529.9
200, 0 '
593,
5.850.2
700.01
16.537.1
1, 000,0 2,063,
355,
2.965.0
500,0,
413,
2.735.1
000, 0 !
276,
2.501.8
500.01
5.681.5
900 ,0' 1,026,
3.409.9
105,
1 , 0 0 0 .0
8.329.2
1/292,
1, 000,0
4,370,81
1. 0 0 0 , 0 ,
231.
406,
1.757.5
300.0
23.458.0
1.500.0 5.715,
2, 000,0 3,253, .. 22.539,0
1,139,41
M l ,.2
250 .0
3.200.0 2 , 110 .,3 20,708,1
549, 3; 7,891,0!
1,000,0'
4,483,()|
300 .0 1 662.
3.769,0!
350,
750.01
23.721.8
500.01 7,035.
8.260,1
200,
1,000.0
1.356.7
71,
300.0
2.876.0
601,
250 .0
2.614.4
422,
200. O'
293,
2.622.5
750 .0
14,*56,7
5 0 0 ,0 ; 1.500.'
7.202.7
100.0 1,08~
2.443.2
606.1
200 .0
2.999.4
679.!
200,0!
5.757.5
589,
600,01
815,
5.257.8
300.0
3.612.7
708,:
200 .0
1.593.8
314,
200 ,0
4,537.7
803.
300.0
2.206.0
200.0
323.
5.509.0
301,
500.0!
1.013.0
3*47,
200 ,0
420,
2.100.01
11.700.0
940,
300.0
8.545,9!
581.1
1, 200.0
2,438.5,
236,
500.0
3,404,1
1,000.0
318,

6.011.0

Miscellaneous anti Unlisted Bonds:

2.200.0

10734b.

_

TH E

278
i M I '.lN

F H lL U > K M '* tl\

C H R O N IC L E .
W l>

K tb rtX Q R B

|VOL; LXXV

STO C K

EXCH AN GES.

IT » t* * r « P r ic e s — a c t P e r C e n tu m P r ic e s .
A c t iv e S t o c k * .

S a tu rd a y ,
J « o . SO,

f fB& teeilSe UUUfttCd.

Fell* 1,

Tuesday,
Fob, 2.

15

14fis 14%

15*8

Wednesday,
Fob. 3.

A « B T> A S PCJ( Norton), iOOj 1*** 1C
A U a ctlc A Pao.
"
1 00 . . . . . . . . . . . .
*
1t>Li
3 * ’1' t o r e A OWe ( « « « .) . 100, *14% 15% ****** ******
6d” 60%
S > £ w P s w V j J M *'
25 *•'"
17%
17%
17%
\7H
(B®tt*#Wf*'Twica<s8 “
35
17 4 17% 17% 17%
B altim ore
J H tlt. 25
209% 209% 209% 210
go>v t i& A lban y j f c it o s ) . 100
•209 210 *208%
100 ’ 209
B estow A L o w efi
10.’ 162
162 162
too tea
8o*M» A Maine,
10%
10
no
100
Om »W»! o f Mare .
*56
58%
*56^i
100
i te fe r r e J . . . . . .
75*4 75% 74% 75
100
0 e Ror.A %b1t>
76% 77% 76% 76%
O w e M U .* s t . p . (FAiid.laO

Oho O AO.voU.e
015. St Br-of ImP

«

7%
v%
24
24
92
29
29%

50

100
--f lt .-t b u r c !•r e f. .fB o s t o n ).100

Lshltfb Valley

/ l% ita .). 50

Stetyvipol’n Trao.T
'*
100
M exican O ts tS fSorttmt.lOO
How E n g la n d -...
“
100
P r e fe r r e d ..........
*'
100

Northern Central <Bn! .). 50

14%
S e « h * r o P acific ( PhU a,)tOO
30%
*'
100
Old Colony....... (B oston ) 100 177
52
P e n n sy lv a n ia ...I P h i i a .) . 50
13%
Fhtl, A R eading.)
“
50
Fhttadelph. T ree.
“
SO 70%
*7
Onion Pacific...fS<>rton.l. 100
U n ion T ra ctio n .. <P h iia .). 50
9%
n it c e U n n e B o i s to c k * .
1 Preferred

9

15%

38%
177
52%
13%
70%
7%
9%

*60
08
15%
38^
177
51%
13%
71
6%
10

9

92
29%

9

9
__

r- -T-

69
OS
69
16% 15% 15%
39
37% 33
176% 177
177
52
52
52*8
13% 133is 13%
71% 71% 72%
7
6%
10
10
10

116% 117% 117% 117%
103% 103% 103% 103%
P r e fe r r e d _____
“
—
2
1 2 % 2 1 2 % 212 212%
100
B ell T e le p h o n e ..
25 108% 111% 110% 112%
B ost. A M ontana.
12% 13%
1 2 % 12%
25
B a tte A B o sto n .!
359 380
25 *355 360
O slum et 4 H e e l*
65
65
*63
67
.
(
B
a
lt
)
.
1
0
0
C anton Co
OosMiiUlawdGas •• 100 61% 01% 61% 61%
30% 30% 30% 31
12.M-.Stor. B a f y f (P h ita .).l0 0
32% 32% 32% 32%
P referred 15
•'
100
60% 06% 66%
E rie T elep h o n e .f B oston) .1 0 0 •6G
d e c e r n E lectric,
"
100 35% 35% 35% 30%
77
78
*77
78
Preferred------100
39%
39% *38
Illin o is S teel —
“
100 *37
23
23%
*
2
2
%
Lytreon BtoreSer.
•'
50
*40% 41%
il"
41
LeW h C oai& Nav. ( rSilts, i 50
101% 102
W. E .T elep h on e (B oston ).lO Q ____ 102
Pa He*t,L.& PovfPMla.)..... 14% 14% 14% 15
73% 74%
72% 73
U nit'd G s slm p .fi
••
50
46% 46% 46% 46%
W elsbaeh L ight t
"
t
2%
2%
2% 2»s
Wm ; E nd L a n d , .(B o s t o n )...
* B id and acketl prices; no sa le w a s m »de.
Aiu.8u*'r Rettn.T; ( B o sto n ) ----

Inactive Stock*.

92
29

Bid. 1Ask.

116% 117
103% 103%
213 213
110 L12
12
13%
*350 too
70
*65
61*4 61%
29% 30%
32% 32%
66% 66%
36
3(5%
77
77
37% 37 78
23
23
40% 41
n o ik iio 2
14% 14%
74% 74%
48% 46%
2% 2^8

Thursday,
Feb. 4

Friday,
Feb, 5.

Sales
of the
Week,
Shares.

Range of sales In 18B7,
Lowest.

Highest

*14% 15
8,921 13% Jan,
. . . . .. *18 .Tan.
•%
%
*15
16
*15
*15
15 Jan.
10 59% Jau.
*60
61
400 17 Jan.
*17% 17% *____ 17 % 17% 17%
.....
17% 17%
389 17% Jan.
17% 17%
210 210
147 209 Jan.
209% 209 V 210 2L0
210 210
32 205 J m l
210 210 •209 210
161% 161% *161% 162%
101 161% Feb.
162 162
10
*10
no
11
540 U> Feb.
10
11
..... 57 Jan.
58
58
*57
*57
*57
58
74% 75% 735s 74% 11,729 69% Jan.
74% 75
8,100 73 Jun.
76% 70% 7H% 76% 75% 70%
8%
3,329
7% Jan.
8
8
8
8%
8%
. . . . . . * __ 24
1.010 21% Jan.
23% 23%
92
127 91 Jan.
*91% 92
91% 91% 92
2,G05 28% Jan,
29
29% 28% 29% 28% 23%
178 107% Feb.
*108*11 103
107?ft 107% . . . . . .
920
7*9 Jan,
9
9
8%
8%
8%
8%
. . . . . . 37% Jan.
---r-nr . . . . . ............ . . . . . . *40 43
5 60 Jan.
60
*60 *60
60
65
17 67% Jao.
*68
68%
*63 .. .
15
15% 10,659 13% Jau.
15% 15% 15M 15
377g 38
37% 38
7,095 33% Jan.
371% 38%
177 177
177 177
150 176% Jan.
176% 177
52% 52% 5*2% 52% 52% 52 % 3,031 51% Jan.
13% 13*e 13-i,c 13% 131.6 13%. 11,180 12% Jan.
72% 72% 72% 72
72% 72*% 5,178 66% Jan.
830
73s
7%
7%.
6 % Jan.
7%
7b,e
87a Jan.
9%
9%
9^8 10
9%
y-'a 4,064

11 1.5% Fob.
8 •37% Jan.
26 17^.1 HQ.
13 62% Jan,
12 17 Sg Jau.
7 17% Feb.
1 2 1 0 Jan.
2 2 1 0 Feb.
4 166 Jan.
2 11 Jan.
0 57% Jan.
5 767g ,!uu.
4 77% Jau.
2
8% Fob.
4 25*4 Jan.
14 92% Jan,
23 30% Jan,
3 110% Jau.
12
9% Jan.
19 37 % Jan.
4 61% Jan.
27 68 Jau.
23 16% Feb.
15 3 ) Fob.
5 177% Jau,
2 52% Jan.
25 14 Jan.
5 72% Feb.
12
9 Jan.
5 10^6 Jan.

l
13
V
4
30
l
«
3
1820*
25
1819
520.
21
■2
530
19
7'“
13
1
1
20
21
IF
4
7*
IS

17,185 110 Jan. 5 118 Jan.
308 100% Jan. 6 104 Jan.
713,205% Jan. 4 2i7 Feb.
28,849 94% Jan. 2 112% Feb.
45.068
6 Jan. i i 13 % Feb,
86 320 Jan. 2 36J Jan.
303 60 Jan. 8 65 Jan.
148 60r>$Jan. 6 02% Jan.
848 27% Jan. 7 3 1 Feb.
835 30 Jan. 5 33 Jan.
35 i 64% Jan. 4 67 Jan.
2,260 32% Jan. 2 36% Feb.
170 74 Jan. 2 73 Jan.
355 31% Jan. i i 4 l 7s Jao.
355 208s J&n, 6 23% Feb.
180 40 Jan. 22 42 Jan.
152 101% Jan. 2 103 Jan,
2,520 13% Jan. 5 15 Jan.
2,210 71 Jan. 6 74% Feb.
589 42 Jan. 4 47 Jan.
3,000
l 7s Jan. 5 2% Feb.
J Trust reo.,all instal. paid.

18s
29
4
1
2
25
«»
lb1
28
192
20
18
1
14
2&
2Z
3
1£1
5

14%

15%
___

115% 116%
103 103%
213% 217
109% 111%
12
12%
360 360
67
*65
61% 61%
29% 29%
32% 32%
66% 66%
*35% ___ r.
73
-77
37
37
22% 22%
40% 40%
101%102
15
15
74% 74%
46% 47
2%
2%

Bondt.

1-1% 15

114%
103
2*6
109%
11%
360
64
*61
66
36
77
37

116%
103
217
111%
12^j
30 J
64
61%

60%
36%
77
37
___..
40% 40%
102 102
14% 14%
74% 74%
46% 46%
*2% 3
t Trust
B id .

113% 114
102 1025«
215 217
107% 110%
11
11%
355 355
70
*66
61^ 61^
30
*29
*31% 32
66% 66%
35% 355a
78
*76
38
38
‘ 22% 23
*40
40^4
101% 102
14% 14%
*74% 74%
46% 46%
2%
2%
receipts

B on ds.

_

B oston U n ited G as, 2 d m . 5 s . . l 9 3 9
Price* o / F eb ru a ry 5.
71% P e o p le ’s T rao. tr u s t certs. 4 - ,. 1943
70
B nrLA M o, B iv e r E x e u n t 6a, J&.I ‘116% 117% PerM om en, 1 s t s e r ., 5 s .l 9 1 8 . Q —J
Atlanta & Charlotte (ifnl(.).lOO
Boston A Providence (B oston).1 0 0 suo^ieS"
M on-exem pt 6 s ............1 9 1 8 , J& J :107 108
P ltlla.& E rie g e n . M. 5 g „ 1 9 2 0 , AAO
G en. m o rt., 4 g . . . . . . . 1 9 2 0 , A&O
Gainden A Atlantic pf. (PAifa,). 50
96
98%
P la in 4 s ............................. 1910, J&J
Cstawlre.y . ................
" 50
Ohio, B url. A N or. 1 s t 5 ,1 9 2 6 , A * 0 !104% 104% PhU a A B ead , n e w 4 g., 1 9 5 8 , J& J
let preferred..........
“
50 49 j 50
2 d m ort. 6 b . . . . . _____ 1918, JA D
99% 9 9 %‘ 1 s t p r e f. Inoom e, 5 g , 1 9 5 8 , F eb 1
Central Ohio.............. ( B a ll .) 50 31% ... ,
D ebenture 6 s ................ 1 8 9 6 , J A D
2d pref, Inoom e, 5 g , 1 9 5 8 , F e b . 1
Chicago 4 West Mich.(B oston ). 100
5 I 7
Ohio. B nrl.A Q alnoy 4 s .1 9 2 2 , F&A 92
95
3 d p ref. Inoom e, 5 g , 1 9 5 8 , Feb. 1
97
Connecticut A P aw ..
“
100 145 ! 147
95
Io w a D iv isio n 4 s ........ 1 9 1 9 , AAO
2 d , 5 s ........................1 9 3 3 ,
AAO
45
Connecticut Hirer__
"
100 240 1250 Ohlo.&W .Slloh. g e n . 5 s , 1 9 2 1 , JA D
48
C onsol, m ort. 7 s ...........1 9 1 1 , J A D
Consol. Tract.of N.J.c(PAlf<i.).lO0 29%; 30% C onsol, o f V erm on t, 5 fl.1 9 1 3 , J& J 50
52
Oonaol. m ort. 6 g . .1 9 1 1 , J A D
OciawareABoondBr.
“
100 165
50
70
Currant E lv e r , 1 s t. 5 s . .1 9 2 7 , A&O
Im provem eut& I, 6 g ., 1 8 9 7 , A&O
flin t A Pete Mnr<j... ( Boston ) . 100 10
12
55
60
D e t. L ane. A N o r ’n M . 7a. 1907, J& J
Oon. M .,5 g .,sta m p e d ,1 9 2 2 ,M AN
Preferred---------------“ 100 30
32
E a stern 1 s t m o rt 6 g ,1 9 0 6 ,M A 8 .. 118% 120
T erm in al 5 s , g . —. . . 1 9 4 1 , Q.—F.
Hretcnville Paaaonp. (P h iia .). 50 51% 53
I r e e .E lk . & M .V .,lst, 6S.1933, end. 128 130
P h il. WUm, A B a lt., 4 8 .1 9 1 7 , AAO
Preferred’ ; . . . . . . . . .
"
50 61% 62
U n stam p ed , 1st, 6s, 1933
127 129
P itts. 0 . A St. L ., 7 s . . .. 1 9 0 0 , FA A
B not. A Broad Top...
“
50
50
K.C. O.A Spring., 1 st, i>g.,1 9 2 5 , AAO
70
R och ester R a ilw a y , oon. a s ..1 9 3 0
Preferred..............
*■
50 48
50
K O. P .8 . A M . o o n .6 3 ,1 9 2 8 , MAN
7!)
82 8 o h u y L B .E .8 1 d e ,lst5 g .1 9 3 5 , JA D
Kan. C’yFt.ft. A M.mn. (Boston) .1 0 0
5
8
65
K.C. M em . A B lr.,1st, 2 s ,1 9 2 7 , MAS
68
U n ion T erm inal 1 s t 5 s ........ ..F A A
Preferred....................
“ 100 30
40 K .
C. 8 t, Jo . A C . B ., v s .. 1 9 0 118
7 , JA J120
Little BcUurlktli........ (P hU a,). 50
51
80
L. R ock A F t 8^ 1 s t, 7 s . .1 9 0 5 , J& J
90
A tM fc la W & O L J A t
Maine <. .ura'. . . . . . (B o sto n ) 100 125 1 2 8
L o o ls.,E v .A 8 t.L .,ls t,6 g .l9 2 6 ,A A O 100 105
B altim ore B elt, 1 s t, 5 S .1 9 9 0 , MAN
Kino BIB A B.Haven.f PAtfa.p 50 58 _____
2 m ., 5—6 g .......... .........1 9 3 6 , AAO
85
87
B alt. C. P ass. 1 s t 5 s .. -.1 9 1 1 , MAN
Newiisehonlng Val . * *
50 5 5 % ........ Mar. H , A O n t., 6 s ........ 1 9 2 5 , AAO 107 108
B alt. T raotlon, 1st 5 s . .1 9 2 9 , MAN
fo n t . American (Jo..
**
100
M exican C en tral, 4 g . . . 1 9 1 1 , JA J
07% 68
E x te n . A im p t, 6 a .. .. 1 9 0 1 , MAS
forth Pennsylvania.
**
50 88
1 s t o o n so h ln o o m es, 3 g, non-omn.
17% 18%
N o. B alt. D iv ., 5 s ........ 1 9 4 2 , J A D
Or.Bh.I4tn- ail aestpdf Boston;.100 15
16
2d c o n so l, in c o m e s, 3 s , non-oum .
v%
8% B altim ore A Ohio 4 g ., 1 9 3 5 , A A O
Pennsylvania A .v. w , (P h iia , I. 50
N . Y . A N .E n g ,, 1 s t,7 8 ,1 9 0 5 , JAJ* 119 120%
P itts. A C onn., 5 g . . . . l 9 2 5 , F A A
Phliadcl. A Erie____
**
50 20%
1 s t m ort, 6 s ....................1 9 0 5 , J& J >113 114
S ta te n Isla n d . 2d. 5 « .1 9 2 6 , J& J
B a a . d .................
(B o sto n ). 100
% % O gden, & E .O .,O o n .6 s...l9 2 0 ,A A O 80 83
R e ce iv e r s’ certtftoates, 6 s.-J A D '
P referred .......__
*•
100 25
50
Ino. 6 s ..............................
1920
D o. M aryland C onstrue., 5 s ........
15
Southern.................... ( B a l l , ) . 10 0
B n tla n d , l s t , 6 e ..............1 9 0 2 ,MAN 105 107
D o .P ltts b . & C onnells., 5 s ..J & J
Preferred,. . . . . . . . . .
"
100 *a»"
| 2d. 5 s ...............................1 8 9 8 ,FA A
B a l.A O h io 8 .W .,lst,4 % g .iy 9 0 , JA J
97
98
West End.................... (B oston )
66%
66
O a p e F .A Y a d .,8 e r.A .,6 g .l9 1 6 , JA D
Preferred..................
”
50 89% 90 L t l a n W C T ^ . ! ^ ^ MAN 1059a
C ent. O h io ,4% g .............. 1 9 3 0 , MA8
Belted Cos. of N, J .. (P h U a ,).\ 0 0
Buffalo B y , con. 1st, 5 s ............1931 107
Cent. P a ss., 1 s t 5 s ____ 1 9 3 2 , MAN
West Jetrey........... .
"
60
Oataw lsstt, M .. 7 s .........1 9 0 0 , FA A 108
C ity A Bub., 1 st 5 s ..........19 2 2 , JA D
We tJerrey A Allan.
”
50
Choc. Okla, A G ulf, prior lie n 6 s .. 110% 110% C hari. Col. A A n g .e x t.5 s .1 9 1 0 , J&J
Western Jf.Y. A Penn
“
100
•2% 3 GlUtens* 8 t.K y ,o f ln d „ o o n .5 s.l9 3 3 75
77% Col. A G reen v., 1 s t 5-6S .1917, J&J
WtsawtM Central. . .(B o s to n ). 100
2
2% Colum b. St. R y „ 1 st, con. 5 s ,. 1 9 3 2
G e o r g ia * A la .,1 st p f. 5 s.1945.A A O
Preferred...................
”
100
3
10 Columb. 0 . O rosstow u, lB t.5 s.1 9 3 3
Q a,C ar. A Nor. 1 s t 5 g . . l 9 2 9 , J&J
Wor*'»t.Jtii#)i,AKooh.
"
lo o 115 118 [Consol. T ract, o f N . .) I sti,5 s .l9 3 3
G eorgia P a c ., 1 s t 5 -6 8 ,..1 9 2 2 , ,T&J
90
;D el. A B ’d B r’k , 1 s t, 7 8 .1 9 0 5 ,F A A
Geor. So. A F la ., 1 st 5 s . . 1 9 4 5 , J& J
ABoner MloV. n ssii-d f B oston ). 25
%
1 -Easton A Ain, lstM L .,5g.l920, MAN 109 m “ N orth. C ent. 6 s . . . . . . . . . . 1 9 0 0 , JAJ
AUaorie M in lne......
“
25
24
<24% E lec, A P eo p le’s Trao. stook, tr, otfs 75% 75%
6 s ........................................1 9 0 4 , J&J
Bay State Gas f ____
“
50
5% 5% E lm ir. A W ilm ., 1 s t , 6 s . 1 9 1 0 , J & J. 118%
S eries A , 5 s ........ ...........1926, J& l
Steeinu la n d ...................
"
10
*%
4% H esto n v llle fit. & F ., con. 5S..1924 113
4% a................................... 1 9 2 5 , A&O
OenietintaJ Milling...
"
10
6
6% u n t, A B r’d T o r , C on. 5 s . ’95 , A&O 107 --n-n P itts
. A C onnells. 3 .s t 7 s .l8 9 8 , J& J
fo rt Wayne E le ctf.,
“
25
1 1 % BHeh
igh N a v . 4% s............1 9 1 4 , Q—J
112 *4 B tttth ern , 1st 6 s ............... 19 9 4 , JA J
franklin Minina.......
«
25 11 % 12%
2d 6 s , g o ld ..................... 1 8 9 7 , J A D 102%
V irginia M id., 1 s t 6 s . . . 1 9 0 6 , M&8
frenolito’B’e Bay I ’d .
5 •25 •50 , Cfineral m p rt.4% e, g . l 9 2 4 , Q - F 102%
2d S eries, 6 s .................... 1911 MAS
S * a * » .» w M intB f. , . .
25
18% L ehigh Val.Coal ls t 5 s ,g . l 9 3 3 ,J A J
18
3 d S e r ie s, 6 s ..................1 9 1 6 , MAS
95
96%
O sceola Mlnmi;. . . . . .
25 32
32% L eh ig h V sJley, 1 st 6 s . . .1 8 9 8 , J A D 104%
4 th S eries, 3 -4 -5 s........ 1 9 2 1 , MAS
Pullm an P a la ce O ar. H
H
100 155 1*0
2d 7 a . - . . .........................1 9 1 0 , MAS 132 ......
5
th Serins, 5 s ................ 19 2 6 , MAS
f e o s s y lr a n i* 8 t e e l., (P h U a ,).100 29
30
C onsol. 6 .........................1 9 2 3 , J A D 116*3
W est Va C .& P . 1 s t , 6 g .1 9 1 1 , JA J
P r e fe r r e d f___ . . . . .
“
lo o
70
N
ew
ark
P
assen
ger,
oon.
5
s
..
.
1
9
3
0
106
W
ilm
. Ool. A A u g ., 6 a ..1 9 1 0 , JA D
106%
Oatncj- M iniaK ,_____ (B o s to n ). 25
117
f o r t h P en n . 1 s t , 4 S ....1 9 3 6 , MBtN H I
HrtSOBLLANEOTJB.
112
.-•T.--; tv .M ,v
___
25 117 119
G
en.
fit,
7
s
.......................
1
9
0
3
,
J&
J
B
a
ltim
o re W ater 5 s . . . 1 9 1 6 , MAN
120
W ater P o w e r ..............
«•
UK)
% 1
P a terso n R ailw ay, con sol. 0 e . ___ _
F u n d in g 5 s ___ - ......... 1 9 1 6 , MAN
*“
■*■
“*
Wj*Ma«b.Eisc. AM.. «
50
24
25
P en n sy lv a n ia g e n .6 s ,r .,1 9 1 0 , Var 181
E x c h a n g e 3% s............. 1 9 3 0 , J A J
Pref.. e u in n la tir e .
50
50
51
C onsol. 6 s , o
..............1 9 0 5 , V ar 118% __
V irgin ia (S tate) 3 s ,n e w .1 9 3 2 , J&J
8 o n d * ^ 8 o * to n .
O
gqso L 5 a, r ............. . ,. .1 9 1 9 . Var 119% __•
F
u n d ed d ebt, 2 -3 s ........1 9 9 1 , J A J
At. T o p . A 8, Y . general a , ts, 1 9 9 5 580% 81
O ollat, Tr. 4% g ........ : .1 9 1 3 ,’JA D 110
O hesapeakeG aa 6 s . . . . . 1 9 0 0 , J A D
A d jasin ten t g, *», 1 9 8 5 . . . . ..... <48
48% P *. & S . Y . C a n a l,7 s ... 0 6 ,J A D 121
O onaol. G a s, 6 s . . . . . . . . „ 1 9 1 0 , J A D
S r a to f U n ited O s* U t 5 * ....
582
85
O o n ,5 * .,
............. 1 93 9 A&O
5 a . . . . . . _____________ 1 9 3 9 . 7& <
ioe%
•P rice Includes ov erd u e ooup on.

% U nU stcd.

t, A nd a ccru ed I n te r e s t.

B <1

a*

96% -----qa ,

113% lT»%

104
81% 82
45% 46%
34
35
32
104%
129%
120%
__
104
104%
1T2 112%,
__ „
103
__„
107
97% 99
1 04
..........
120% 122
9 0 | 92%
113 1114
l m 1. . . . -

D 6%l.........

109% 109%

102

|......

” ” " ! '7 i "
103% 103%
90
94
100
97% 100
55
65
ii2 %
1 1 1 % 112 %
107
11 1 % llT '
103
82"
81
113%
94% 95%
107%
112
114
10 7
1 03
n r
114

114

85
102 %
106% 106%

111

124
1 24
105%
70
62% 6 2 %
1 05
1 15 lie'*
1 08 1109

F

ebruary

rHE CHRONICLE

6 , 1897.J

279

NEW YORK STOCK EXCHANGE PRICES (Continned) — A C T IV E BONDS F E B R U A R Y 5 A N D F O R Y E A R 1 8 9 7 .
R a il r o a d

and

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

Closing R a n g e ( s a l e s ) i n 1 8 9 7 .
InCst
Price
Period FeO. 5 .
L o w e s t. I H ig h e s t .

10313b. 103
Jan.
A .m er, C o t t o n O il, d e b ., 8 « . 1 9 0 0 Q - F
7 -%
74
Jan.
A m e r . S p ir it M fg ., 1 s t, 6 g . l 9 1 5 M A S
Q —J
79%
74 % Jan.
A n n A r b o r .— 1 s t, 4a, g ........ 1 9 9 5
8 9 Uj
79 % Jan.
A t .T . A S .F .— N ew g en . 4 a .l 9 9 o A A O
48%
43% Jan.
A d ju s t m e n t 4 s ......................1 9 9 5 N o v .
C o l. M i d l a n d - C o n s . , 4 g . 1 9 4 0 F A A *t 1 0 % b . i 1 5
Jan.
39% Jan.
A t l . & P a c —G a a r . 4 9 ..........1 9 3 /
B ’ w a y & 7 t U A v .- l 8 t .c o n .g .5 8 ’ 4 3 J & D 1 1 9
116% Jan.
6 9 b. 7 2 % J a n .
B r o o k l y n E le v . 1 s t, 6 g . . . . 1 9 2 4 A & O
6 8 b. 6 8
U n io n E l e v a t e d .—6 g . . . . 1 9 3 / M & N
F eb.
7 3 % b. 7 8
Jan.
B k ly n R a p . T r a n s ., 5 g . . . .1 9 4 5
10s % IO 534 J a n .
B k iy n.LTn .G a s tl s t , c o n . 5 g - 1 9 i 5 J A J
97% F eb.
B ’ K ly n VVn r f «fc W . H — l a t ,5 s , g . ’ 45 F A A
C a n a d a S o u t h e r n .— 1 s t , 5 a ,1 9 0 8 J A J 110 %
103
Jan.
Jan.
2 d , 5 s . ....................................... 1 9 1 3 M A S 1 0 7 b. 1 0 5
Q
J
1
0
7
%
b
.
106% Jan.
C e n t r a l o f N . J . — C o n s .,7 s , 1 8 9 9
C o n s o l., 7 s ............................1 9 0 2 M A N 1 1 4 ^ b .
115% Jan.
G e n e ra l m o r tg a g e , 5 g . .. l 9 8 7 J A J 118
—M
104
104
Jan.
L e h .A W . B .,o 6 n .,7 s ,a a ’ d . 1 9 0 0
A N ‘ 9 0 b.
44
m o r t g a g e 5 8 .1 9 1 2
114% Jan.
A m . D o c k A I m p ., 5 a ----- 1 9 2 1 J A J 1 1 5 %
LOO J a n .
C e n t r a l P a c i f i c . -* G o ld , 6 a . 1 8 9 8 J A J 10138
Jan.
C h e s . A O h io .— S e r . A , 6 g . . l 9 0 8 A A O 1 1 9 b. 1 1 9
118% Jan.
M o r t g a g e , 6 g ....................... 1 9 1 1 A A O 11910
107% J a n .
l s t c o n s o l . , 5 g ........................1 9 3 9 M A N 1 0 9 %
76%
73% Jan.
G e n e r a l 4 % s , g ...................1 9 9 2 M A 8
100%
97
Jan.
R . A A . D iv ., l s t o o n . , 4 g . l 9 8 9 J A
' 9 0 b. 8 6
44
2 d e o n .. 4 g . . 1 9 8 9 J A
Jan.
1 0 1 b. 1 0 0
E iiz . L e x . A B ig . S a n .,o g . 1 9 0 2 M A
Jan.
117%
'O h i o . B u r l. & Q . C o n . 7 a . 1 9 0 3 J A
115
Jan.
97
Jan.
D e b e n t u r e , 5 a ...................... 1 9 1 3 M A N
1 0 0 % b. 1 0 0 % J a n .
C o n v e r t i b l e 5 a .................... 1 9 0 3
92% b. 93
D e n v e r D iv i s io n 4 a .......... 1 9 2 2 F A A
F eb.
89%
N e b r a s k a E x t e n s i o n , 4 8 .1 9 2 7 M A N
87% Jan.
H a n . A 8 t . J o s .— C o n s .6 a .1 9 1 1 M A s 1 2 0 % a. 1 1 9
Jan.
C h ic . A E . 111.— 1 s t , s. f. 6 s . 1 9 0 7 J A D 1 1 3 % b .
C o n s o L 6 g ..............................1 9 3 4 A & O 1 2 3 b. * 1 2 4 % J a n .
G e n e r a l c o n s o l ., 1 s t 5a.. 1937|M A N
99
99
Jan.
C h i c a g o A E r ie .— 1 s t , 5 g . . 1 9 8 2 M & N 111 %
110% Jan.
9 6 a. 9 3
O h io . G a s L. A O .— 1 s t , 5 g . . 1 9 3 7 J & J
J an.
A
•130 b. 128
C h i c . M il.A 8 t. P . - C o n . 7 a . l 9 0 5
Jan.
A
1 1 6 b. 1 1 5 % J a u .
1 s t, 8 o u t h w e s t D iv ., 6 s . . 1 9 0 9
A
1 1 6 % b. L 1 5 % J a n .
1st, S o . M in n . D iv ., 6 a . . 1 9 1 0
A
113%
l s t , C h .A P a c .W .D i v .S a .. 1 9 2 1
112
Jan.
A
• C h ic.& M o . R i v . D i v . ,5 s . . 1 9 2 6
106% Jan.
A
1
1 1 % a. 1 1 0 % J a n .
W is e . A M in n ., D iv , 5 g . . . l 9 2 I
A
1 1 2 b. 1 1 0 % J a n .
T e r m i n a l , 5 g ................
1914
A J * 99 a. 9 6
G e n . M .. 4 g . , s e r ie s A ----- 1 9 8 9
Jan.
A D 1 1 8 b. 1 1 8
M il. & N o r .— l s t , c o n . , 6 s . l 9 1 3
Jau.
-O h io. & N . P a c ., 1 s t , 5 g . . .. 1 9 10 A A O t 4 2 %
<4 0
J an .
140%
O hio. A N. W .—C o n s o l., 7 s . 1 9 1 5 Q - F
140
Jau.
C o u p o n , g o l d , 7 s ................. 1 9 0 2 J A D 1 1 7 % b . 1 1 6
Jau.
S in k in g f u n d , 6 b ................1 9 2 9 A A O 1 1 6 D. 1 1 4
Jan.
8 1 n k ln g fu n d , 5 s ................1 9 2 9 A A O 1 0 8 % b. 1 0 9 % J a n .
lll%b.
S in k in g f u u d , d e b e n . . 5 s . l 9 3 3 M A N
1 0 7 b. 1 0 0
2 5 -y e a r d e b e n tu re , 5 s . .. 1 9 0 9 M A N
Jan.
E x t e n s i o n , 4 s ..................... 1 9 2 6 F A A 1 0 2 % b . 1 0 1
Jau.
-O hio. R .I . A P a c . —6 s , c o u p . 1 9 1 7 J A J 1 2 8 % b. 1 2 8 % J a u .
E x te n sio n a n d c o l., 5 s . ..1 9 3 4 J A J 1 0 3 %
101% Jan .
98
3 0 -y e a r d e b e n t u r e ,5 s ... 1921 M A 8
93
Jan.
*Ohlc. 8 t . P. M . A O . - 6 b . . . 1 9 3 0 J A D 1 2 9 b. 1 2 6
Jan.
1 1 7 b. 1 1 0 % J a u .
O h io .& W .I n d .—G e n .,g .,G s . 1 9 3 2 Q - M
C l e v . L o r . A W h e e l.— 5 b ... 1 9 3 3 A A O 101 a. 1 0 2
Jan.
0 .
C . C . A I .—C o n s o l . 7 g J. . . 1A9 1D4
131% Jan .
G e a e r a l c o n s o l ., 6 g . . . . 1 9 3 4 J A J i 2 3 % b . 1 2 3 % J a n .
7 4 % b. 7 3
C .C .C & 8 t . L . - P e o . A E . , 4 s . l 9 40 A A O
Jan.
1 6 a.
I n c o m e , 4 s ............................1 9 9 0 A p r il.
O oL A 9th A v e. gu. 5s, g ..l 9 9 3 M A S 1 17 %
117
Jan.
A 18
001.
H . V a L A T o l —C o n .,o gM
. 193
75%
68
Jau.
68
G e n e r a l, 6 g . . . ......................1 9 0 4 J A D
63
Jan.
D e n v . A K io G r .— 1 s t , 7 b, g . 1900 M A N lll%b. I l l
Jan.
lB t c o n s o l ., 4 g . ..................1 9 3 6 J A J
88 %
88
Jan.
D u L 8 o . 8 h , A A t l .— 5 g . . . . 1 9 3 7 J A
1 0 0 b. 9 9 % J a n .
E d is o n E l. I I I .— l s t , c o n . g . 5 s . ’ 9 5 J A
11 0 6 %b. 1 0 4 % J a n .
E r i e —4 , g , p r i o r b o n d s ___ 1 9 9 6 J A
9 3% D . 9 3 % J a n .
G e n e r a l, 3 -4 , g . ..................1 9 9 6 J A
66
62% Jan.
F t . W . A D e n . C it y .— 4 -6 g .1 9 2 1 J A D
5 7 b. 5 3
Jan.
G a l.H .A S a n . A u - M .A P .D .l s t ,5 g M A N
91%
89 % Jan.
G e n . E le c t r ic .d e b . 5 s ,v . . . 1 92 2 J A D
95%
90% Jan.
H o u s . A T. C e n t. g e n . 4 b , g .1 9 2 1 A A O
67
68
Jan.
't l l ln o i a C e n t r a l .—4 s . g ____ 1 9 5 3 M A N
101 %
99% J*n.
W e s t e r n L in e s , 1 s t, 4 s , g . 19 5 1 F A A 1 0 0 % b . 1 0 0 % F e b .
I n t -A G r e a t N o r .— l s t . d s . g 1 9 1 9 M A N
1 1 9 b. 1 1 7 % J a n .
2 d , 4 - 5 b .........
1909 M A S
76% b. 7 3
Jan.
J
A
D
9 6 % b. 9 6
i o w a C e n t r a l,— 1 s t , 5 g . . . . 1 9 3 8
Jan.
K in g s C o . E l e v .— 1 s t , 5 g . 1 9 2 5 J A J
4 5 b. 4 5
Jan.
L a o l e d e ( l a s . —1st, 5 b, g . . . 1 9 1 9 Q - F
9 4 b. 9 3 % J a n .
L a k e E r ie A W ea t.—5 g . . . i 9 3 7 J A J 1 1 4 b. 1 1 3 % J a n .
L . S h o re . - C o n .c p ., 1 s t .7a . 1 9 0 0 J A J 111
110 % Jau.
C o n s o l, c o u p . , 2>l, 7 s ........ 1 9 0 3 J A D 1 1 9 % b . 1 1 9
Jan.
L e x . A v . A P a v . F . g u . 5 a ,g . 1 9 9 3 M A 8 1 1 7 b. 1 1 6 % J a u .
L o n g I s l a n d .- 1st c o n .,o g .1931 Q - J
I1 6 % b . 113
Jan.
G en era l m o r t g a g e ,4 g ... 1938 J A D
8 7 b. 7 6 % J a n .
.•wOnls. A N a s h .—C o n s . v s . . 1 3 9 8 A A Oj 1 0 5 % b . 1 0 5
Jan.
N .O A M a b l l e , l s t , 6 g . . .1 9 3 0 J A J 1 1 8 % b . 1 1 6
Jau.
M
u
2 d . 6 g . 1 9 3 0 .J A J 1 0 2 b . 9 8 % J a u .
G e n e r a l, 6 g ..........................1 9 3 u J A D
1 1 6 b. 1 1 5 % J a u .
U n ifie d , 4 g ........................... 1 9 4 0 J A J
8 1 a. 7 8 % J a n .
L o u ls .N . A. A O t L — l« t ,G a .l 9 1 0 | J A J 1 1 2 b. I l l
Jan.
C o n s o l., 6 g , t r . r e c e i p t s . 1 9 1 6 A A O *t 8 5 b . \ 8 2
Jan.
M a n h a t t a n co n B o l. -ts. . . . 1 9 9 0 l A A O
9 4 % b. 9 3
Jan.
M e t r o . E l e v a t e d .- 1 s t, 6 g . 1 9 0 8 J A
J 113%
116% Jan.
2 4 , 6 s ...........
1 8 9 9 M A N 1 0 5 % b. 1 0 5
J a il.
M lo h . C e n t .— 1 s t , e o n s . , 7 s . 1 9 0 2 M A N
117
11H % J a n .
O o n s o l., 5 s . ...........................1 9 0 2 M A N | 1 0 7 b. 1 0 7
F eb.
M li .L a k e H h . A W . - l a t , 6 g . l 9 2 l M A N 1 3 2 b . 1 3 1 % J a n .
E x t e n . A U n p ., 5 g
. . . . 19 2 9 1 V A A 1 1 2 b.
% J an .

AAO

97*2

b.

MA 8

110%Jau.

lai
1112

N o t e . — 44b " in d i c a t e s p r i c e

bid;

" a ” p r ice

asked;

109
77 %
80
82%
49%
tl7
40
119
75
72%
79%
108%
101
I ll
107
107%

Jan.
F eb.
Jan.
F eb.
Feb.
Jan.
J an.
Feb.
Jan.
Jan.
Jan.
Feb.
Jan.
F eb.
Jan.
Feb.

118
Feb.
104% Jan.
i 16
101%
120%
119%
110
76%
10034
90
100%
117%
98
101%
96%
89%
120

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

124%
100%
112
96
131
117
118
113%
110
111
111%
99
118
14 4
1 4 i%
118
110
109%
112
107%
101
123%
L03%
98
129%
117%
102
132
124
75

Jan.
Jau.
Jan.
Feb.
Jan.
Jan.
Jan.
F eb.
Jan.
Jan.
F eb.
Jan.
Jan.
Jau.
Jan.
F eb.
Jan.
Jau.
Jan.
Jan.
Jau.
Jan.
F eb.
F eb.
B%0.
Jan.
Jan.
Jan.
Jan.
Jan.

1 17 % Feb.
88% Jan.
87
Jau.
!lll% J a n .
89
Jan.
100
Jan.
106% Jan.
9 4 % Jan.
6 6 % F eb.
5 8 % F eb.
91% Jan.
96
Jan.
67
Feb.
101% F eb.
103
Jan.
119% Jan.
76
Jan.
97 % Jan.
45
Jau.
94% Jan.
115% Jan.
I ll
Jan.
119% Jan .
11 1 7 % E eb .
117% Jau .
I 87
Jan.
(1 0 5 % F e b .
11 1 9 % Janr.
il0 1 % Jan .
117
F eb.
| 8 0 % F eb.
i112
Jan.
t8 5
Jan.
9 5 % F eb.
11 1 8 % F e b .
106
Jan.
117
Feb.
11 0 7
F eb.
132
.fa n .
1115
Jan.

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.

Otosing
InVst Price R a n g e ( s a l e s ) i?i 1 8 9 7
Period F e b . 5 .
L o w e s t.
H ig h e s t .

. MAN
►AAO

103%
100
Jan.
M in n . A S t -L .— 1 s t o o n . 5 s , g . l 9 3 4
94-%
92% Jan.
M o. K . A E .— 1 s t 5 s , g ., g o . . 1 9 4 2
8 4 b. 8 2
)
J
A
D
Jan.
M . K . <fe T e x a s . — 1 s t , 4 s , g . 1 9 9 0
59%
59% Jan.
2 d , * 8 , g .................................... 1 9 9 0) F A A
8 6 b. 8 6 J a u .
M o . P a c . — 1 s t, c o n . , 6 g ........ 1 9 2 0 1 M A N
3 d , 7 s ......................................... 1 9 0 6; M A N r1 0 2 b .
P a c . o f M o .— 1 s t, e x . , 4 g , 1 9 3 8| F A A 1 0 1 % a. 1 0 0 % J a n .
2 d e x t . 5 s ............................1 9 3 8U A J 1 0 2 % b. 1 0 1 % J a a .
S t. L . A I r . M t . l s t e x t . , 5 8 .1 8 9 7' F A A 102
101
Feb.
101% Jan.
2 d , 7 g ................................... 1 8 9 7
Jan.
C a ir o A r k . A T e x a s, 7 g . l 8 9 7 ’ J A D 1 0 1 b . 9 8
7 7 b. 7 3 % Jan .
G en. R ’y A l a n d g r .,5 g .l 9 3 1 A A O
M o b ile A O h io — N e w 6 g . . . 1 9 2 7 ; J A D 1 1 8 b. 1 1 7
Jan.
67%
G e n e ra l m o r tg a g e , 4s
1 9 3 8i M A S
6 6 % Jan.
N a s h . C h . A 8 t .L .— 1 s t, 7 s . . 1 9 1 3; J A J 1 2 8 % b. 1 2 7 % J a n .
C o n s o l., 5 g ..............................1 9 2 8i A A O 1 0 1 b. 1 0 0
Jan.
N . Y . C e n tr a l— D e b t e x t . 4 3 .1 9 0 5, M A N 102 %
101% Jan.
1 s t, c o u p o n , 7 s ..................... 1 9 0 3l J A J 1 1 8 % b . 1 1 7 % J a n .
734 1 0 6 % J a u .
D e b e n .,5 8 , o o u p ., 1 8 8 4 . . 1 9 0 4 M A S
N . Y . A H a r le m , 7 s , r e g . . l 9 0 0) M A N 112
111 % F eb.
R . W . A O g d ., c o n s o l s , o s .1 9 2 2 • A A O 1 1 9 % b . 1 1 7 % J a n .
W e s t S h o r e , g u a r ., 4 s . . . .2 3 6 1 J A J 1 0 7 %
105
Jan.
N . Y . C h ic . A 8 t L .— 4 g . . . l 9 3 7 r A A O 1 0 5
103% Jan.
N . Y . L a c k . A W .— 1 s t, 6 s . . 1 9 2 1 J A J 1 3 3 % b.
C o n s t r u c t i o n , 5 a ................1 9 2 3I F A A 1 1 6 b. 1 1 8
Jan.
N . Y .L .E . A W .— 1 s t,c o n . ,7 g . 1 9 2 0> M A 8 1 4 1 b. 1 3 9 % J a n .
133% Jan.
L o n g D o o k , c o n s o l ., 6 g . 1 9 3 5; A A O
N . Y . N . H . A H .— C o n . d e b . o t fs . A A O T 3 5 % a . 1 3 2 % F e b
9 2 34
N .Y . O n t & W . - R e f . 4 s , g .1 9 9 2• M A 8
8 8 % Jan.
C o n s o L . 1 s t, 5 s , g ................1 9 3 9) J A D
108% Jan.
N .Y .S u s .A W . 1 s t r e f .,5 s , g .1 9 3 7•J A J 1 0 3
100
Jan.
M id la n d o f N . J ., 6 s, g , . . 1 9 1 0 1 A A O 1 1 9
119
Feb.
N o r f. A W .— 1 0 0 -y e a r . 5 s . g . 1 9 9 0>J A J rt 6 7 b . t 6 3
Jan.
A J 114% b. 113
N o . P a c iflo — 1 s t , o o u p . 6 g . l 9 2 1
Jan.
A D * t 8 5 a. 17 7 % J a u .
G e n e r a l, 3 d , c o u p . , 0 g . . l 9 3 7
A D t 60
C on soL m o r tg a g e , 5 g .,.1 9 8 9
15 4 % J a n .
N o .P a c R y .—- P u r lie u r y .A L g .4 s
87%
85% Jan.
56%
G e n e r a l l ie n 3 g ................. 2 0 4 7
51% Jan.
N o . P a c . A M o n t .— 6 g ..........1 9 3 8 . M A S f 4534
141% Jan.
N o. P a c if lo T e r . C o — 6 g ___ 1 9 3 8 j J A J 1 0 7 b. 1 0 4 % J a n .
O h io A M iss.—C o m a f . , 7 s . 1 8 9 8$ J A J 1 0 2 % b .
86 %
O h io S o u t h e r n — 1 s t, 6 g . . . l 9 2 1 J A D
85
Jan.
1 2 b. t l 4
G e n e ra l m o rtg a g e , 4 g . .l 9 2 1
Jan.
|
J
A
D
4 85 b. 1 8 5 % J a n .
O r e g o n lm p r . C o .— I s t 6 g . . l 9 1 0
C o n s o L , 5 g ..........................1 9 3 9( A A O I 1 7 a. 1 1 6 % J a n .
O re . R .A N a v . C o .— 1st, 6 g . 1 9 0 9I J A J 1 1 2
110
Jan.
83%
O r e .R R .A N a v .c o n s o l ., 4 g . l 9 4 6 ; J A D
80
Jan.
P e n n . C o . - 4 % g , c o u p ......... 1 9 2 1 J A J 110 %
109% Jan.
P e o . D e c . A E v a n s v .— 6 g . 1 9 2 0; j a j 1 0 3 % b . 1 0 0
J an .
E v a n s . D iv i s io n , 6 g .........1 9 2 0 » M A S 1 0 4 % b . 1 0 1
Jan.
2 d m o r t a g e , 5 g .................... 1 9 2 6; M A N i 2 7 b. 2 7
Jan.
P h lla . A R e a d .— G e n ., 4 g . , 1 9 5 8 i J A J t 8 1 %
t8 0
Jan.
t 46%
1 s t p f. I n c ., 5 g , a il In st. p<L’ 5 3
146% Jan.
2 d p f .i u o ., 5 g ., a ll In s t. p d . ’ 5 8
t 34 3s F eb.
3 d p f .i u o ., 5 g ., a il lu s t . p « l.’ 5 8
t 32% Jan.
74
P it t s b u r g A W e s t e r n —4 g . 1 9 1 7 J A J
74
Jan.
73
R io G r . W e ste rn — 1st 4 g .. 1939 J A J
72 % Jan.
St. J o . A G r. I s la n d — 6 g . . l 9 2 5 M A N t 49 b. 14 7 % J a n .
1 1 5 b. 112
8 t. L . A S a u F r .— 6 g . C l. B . 1 9 0 6 M A N
Jan.
G e n e r a l m o r t g a g e , 6 g . . l 9 3 1 J A J 112 %
108% Jan.
C o n s , g u a r 4 s , g ................. 1 9 9 0 A A O
66%
S t. L. A S . F . H R . 4 g ........... 1 9 9 6 J A J
62% Jan.
S t. L . A So. W .— 1 s t. 4 s , g . 1 9 8 9 M A N
69
69
Jan.
2 d , 4 s , g ., i n c o m e . . . . . . . 1 9 8 9 J A J ' 2 0 % b . 2 5 % J a u .
S L P .M .A M .— D a k . E x . , 6 g . l 9 1 0 M A N
118% b. 116% Jan.
1 s t o o n s o l ., 0 g . ................... 1 9 3 3 J A J 1 2 3 %
123
Jan.
“
redu ced to 4% g .. J A J 103%
1 0 2 % Jan.
M o n t a n a e x t e n s i o n ,#4 g . 1 9 3 7 J A D
8 9 b. 8 7 % J a n .
8 a n .A n t .A A . P .— l s t , 4 g . , g u . ’ 4 3 J A J
57%
5 4 % J an.
S e a t. L. 8 . A E ., 1 s t .,g u . 6 . . . 1 9 3 1 F A A
3 5 b.
8 0 . C a r. A G a .— 1 s t, 5 g . . . l 9 1 9 M A N ' 9 1 a. 8 7 % F e b .
8 0 . P a o ltto , A r iz .— 6 g . . . 1 9 0 9 -1 0 J A J
9 0 b. 9 0
Feb.
S o . P a c iflo , O aL —0 g . . . 1 9 0 5 -1 2 A A O
1 0 7 b. 1 0 8
Jan.
1 s t o o n a o l.. g o l d , 5 g ........ 1 9 3 7 A A O
87
85 % Jau.
8 0 . P a d tic, N . M .— 0 g ........ 1 9 1 1 J A J 1 0 1 b . 1 0 2 J a n .
S ou th ern — 1st o o n s . g, 5a . 19 9 4 J A J
90
89
Jan.
E . T e n n . r e o r g . l ie n 4 - 5 s . 1 9 3 8 M A S ' 8 5 b . 8 9
Jau.
E . T. V. A G .— 1 s t ,7 g . . . . l 9 0 0 J A J 1 0 8 %
107% Jan.
C o n . 5 g ..............................1 9 5 6 M A N
108%
107
Jan.
G e o r g i a P a c . I a t 5 -0 B , g . ,1 9 2 2 J A J 1 1 4 b. 1 0 7% J a n .
K u o x v . A O h io 1 s t 6 s , g . . 1 9 2 5 J A J 1 1 4 b . 1 1 2
Jau.
R ic h . A D a n v . o o o . 6 s, g .. 19 1 .) J A J 1 2 0 % b . 11734 J a il.
W e a t .N o .C a r l 8 t o o n .0 8 ,g 1 9 1 4 J A J l l l % b . 1 1 1 % J a u .
S t a u d a r d R « j p e A T .. l s t . 0 g . l 9 4 0 F A A
74% b. 7 4
Jan.
T e n n . 0 . 1. A R y — T e n . D . l s t , 0 g A A O * 8 6 a. 8 2
Jan.
B ir m in g h a m D iv ., 0 g . , . 1 9 1 7 J A J
87
85
J a il.
T e x a s A P a c if lo — 1 s t, 5 g . . 2 0 0 0 J A D
89%
85% Jau.
2 d , in c o m e , 5 g ............. . . 2 0 0 o M a r c h
19% Jan.
T o l e d o A O h io C e n t .— 5 g . . l 9 3 5 J A J 1 0 3
105
Jau.
T o l. S t .L . A K a n . 0 .— 6 g . . . 1 9 1 6 J A D M 7 0 b . f 6 9 % J a n .
U n io n P a d t t o — 6 g . . . . . . . . 1 8 9 8 •J A J 1 0 5
103% Jan.
E x t . s i n k i n g f u n d , 8 ......... 1 8 9 9 M A S t 8 8 b . 8 5
Jan.
C o lla t e r a l t r u s t , 4 % ____ .1 9 L 6 M A N
14 9 % J a u .
G o ld 6 s, 0 0 L t r u s t n o t e s . 1 8 9 1 F A A *100 1
99
F eb
K a n . P a o .- D e n .D lv ,,0 g .l8 9 9 M A N
113% Jau.
116%
1st o o tia o L , 6 g . „ . . . . . . . 1 9 1 9 M A S ♦ 7 6
16 7
Jan.
O r e g o n S h o r t L in e — 6 g . 1 9 2 2 F A A
t l 11% Jan .
O r .d .L .A U t ’ h N .— O o n ., 5 g l 9 L9 A A U * 7 5
16 3 % . J a n .
U . P .D e n .A G u l f ,o o n ., 5 g . l 9 3 9 J A D
3 6 % b. 3 5
J an.
U . S. L e a th e r — 8 . F .d e b .G g . L 913 M A N 1 1 3 %
11 L% J a u .
V ir g in ia M id .—G e n .M ., 5 8 .1 9 3 6 M A N 1 0 2 b. 1 0 0
Jan.
W a b a s h — 1 s t, 5 g ....................1939* M A N
107
106
Jau.
2 d m o r t g a g e , 5 g ................. 1 9 3 9 F A A
69
69
Feb.
W e s t N . y : A P a .— l e t , 5 g . 1 9 3 7 J A J 1 0 6 % b . 1 0 4 % J a u .
G e n . 2 -3 -4 s , g o l d ................1 9 4 3 A A O
4 9 %b, I 4 6 % J a n .
W e s t .U n .T e L — C o l. t r . 5 s . .1 9 3 8 J A J 1 0 6 %
1 0 0 % Jan.
i W is e . C e n t. C o 1 s t 5 if . . . 1 9 3 7 J A J \ 3 9 %
It 3 7
Jan.

' MAN 10238b.

101%
103%
103%
102%
10 L
77%
118

68

IO

128%
101%
103
1 L8 %
107%
112
120
108
106

133%b.

118
141
134
137%

10858b.

9 234
108%

u

MAN

21%

1113%

t h e r a n g e is m a d e u p f r o m a c t u a l s a le s o n l y .

10 3 % F eb.
9534 J a n .
84% Jan.
63
Jan.
87% Jan.

* L a t e s t p r io e t h i s w e e k ,

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

103%
119%
167
115
182%
16 0
87%
56%
i 46
108

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

90
tl5
90%
1 18
112
83%
I ll
104
104
27%
t8 2
t4 8
136%
134%
74%
74%
149%
115%
112%

Jan.
Jan.
Jan.
Jan.
F eb.
F<ib.
Jan.
F eb.
Jan.
Jan.
F eb.
Jan.
Jan.
Jan.
Jan.
F eb.
Jan.
Feb.
Feb.

6 6 % F eb.
70
28
119
124
103%
90%
57%

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

91
94%
108
87
105
91
89%
108%
108%
113
113%
121
112
79%

Feb.
Jan.
Jan.
Feb.
F eb.
J an.
Jan.
F eb.
Jan.
Jan.
Jan.
F eb.
Jan.
Jan.
86
Feb.
87% Jan.
90
Feb.
23
Jan.
108
Feb.
175
F eb.
105
F eb.
19 1
F eb.
t5 0
Jan.
102
Jan.
114% Feb.
t7 8
Jan.
117% Feb.
4 75
F eb.
| 37
Feb.
113 % F ob.
1 0 2 % Jan.
107% Jan.
7 3 % J a n .)
10 4 % F eb.
4 9 % ;F e b
107
Jan *
t 3 9 % J an*

t T r u s t r e o e ip t a

YE)V YditR STOCK EKCHISUE PRICES—(Contlnneil).— IN A C T IV E BONDS—F E B R U A R Y 5
S E C U R IT IE S .
K ililr o .il)

B id.

A bb.

II 11 m in ,

( HUtek. E x c h a n g e P r i c e s .)
A la b a m a M id. - 1 s t . g .. g u a r . . 1 9 2 8 *91
A tc h . T o p e k a A S a n F r a u . —
U lloaK O * 9 t . I .i r l,—1 « t . (V-*. 1 9 1 5
O b i. vfM . l e t , if., 6 » , a^ stil .1 9 3 6 ►
A ll. *». P a c .—2*1 IV. D ., < 11.
"1 0 7
W ftetflrn D iv is io n I n c o m e . . I 'H o
■B»lt V.0 M 0 - 1 s t. 6 . , P a n , ii 191 o

nr

8 B O U R IT IE 8 .
B a lt. A O h io —
| 5 s , g o l d ........ ...............................1 9 2 5

97
83

i

W V i*. A P itts . — ”
g. , 5 s . . 1 9 9 0
B. A O . S. W ., 1st, g ., 4 % s . . . 1 9 9 0
M o n n n . R i v e r , l e t , < ?.,< .5 s . . 1 9 1 9
CentM O h io K .v»r.— l e t , 4 % s. 1 9 3 0
\ k . A f ’ h. J u n e . — L flLg,5H ,gu. 1 9 3 0
B r o o k ly n E le v a t e d — 2 d , 5 a . . .1 9 1 5
H ea^loe<V R .R . —i 5 q . a r n i'»,i*2

B id .

A sk .

...........

94

..........

42

S E C U R IT IE S .
B r u n a w lo k A W *n—1 s t , g ., 4 a . 1 9 3 8
Butr. K o ch . A P i t t s . —G e n . 5 b .. 1 9 3 7
R o c k . A P ., l a t , 6 s ...................1 9 2 1
R o o h . A P it t s .—C o uh. 1 s t,6a. 1 9 2 2
B u ff. A S u s q iie h .— 1 s t , 5 s , g .1 9 1 3
B u rl. C e d . R a p . A N o . 1 s t, 5 s . 1 9 0 6
C o n s o l. A o o l la t . triiH t, 5 s . . 1 9 3 4
M in n . A S t. ^ . — 1 s t, 7 b , g u . 1 9 2 7
C e d . R a p . I . F. A N „ l e t , 6 b. 1 9 2 0
(at,.
.........................
..1 0 2 1

B id .

A sk .

98
100
12o%
118
118%
102
106% 106%
102
105
102

TH E

2 30

C H R O N IC L E .

M W 1 OH h ftTOtk O t'B A J iflJ I 'M ! iH .-I fi'A C T lV S

[V o l, L X IV .

B O M £ - f t ur,i<nv<dJ— F E B H U A R Y 5 ,

Bid. Aek
8 ECO RITIE 8 .
Bid. Ask.
sECUrotes .
*
Northern Paciilc—
102
.......
Ev.AT.U.—
<
•
-s-mn
let
6c.1923
O-OMe-Ool. AUa-M-leM1*
Helena ARedM'n—1st.g.. 6 s. 1937
SXJk
(.Ur let, A. 8*..........1930
95
a m . EE. A « * » * . -0*1. r h*
Dill. A Man.—iel,g.6p.tr.rec.l936 81
vane, A Indian.—let, oone.,1926
lt f % 114
Oenr. I f , « ( Q*.» let, #■, ft*.
Dak. Dlv.—l s t 6 s.tr reo..l93"
81
Flint
ft
f
Miir.ini'Uo
—
Unseal c . ■'*................. 194ft | 00%) 91
Omnr d’ Alene—1 st, 6 e, gold. 1916
Mart.. Re.......‘. ........................1920 114 115
OMti- iS-1 f*C.
d’
Alene—Gen.
lst.g..
Be..193s
--ire
—
35
let,
wm.
£t>ld,
5a..
.
.
.
.
.
.
.
.
.
.
1939
lo f ii os
Om i ,
*$0t$ !K>ad* d#
79
Norfolk & South'n—let. fta,g. 194 i ino
.189* 100% 101 : Pt. Huron Dtv.—let, Se ....1938 —
- . '
Norfolk A W est—General, 6 s. 1931 118
61*. Cen A Pen,—let g. 5»....1918
1S98 100
CiiiMINb
New River 1st 6 s................ 1932 •111
........
..............1943
let
con,
tr.,
5
s
103
.,
,
low,
iJMettl* Br. *6#
"V
i"
43**
Imp. A Ext., 6 s.....................1934
m»n* gold 5j w + .* .-..,* ..—183s | — - j —*• , (.Wort* AH. G.—let g,, 5s,. 1928
104
1924
Adinstmeut
M.. 7 * .........
101%
Uai.
Her.
A
San
Ant.—let,
«
e
.1910
uw**t £f*nt* 6*. **..*.*•*.»-.*•* X$*K i »***• I
Md. A Wash. Dlv.—1st,£.58.1911 •68 k
2d mort., 7e...................... 1905 96
r*L a o uw ,
i-— G(t.
Scioto Val. A N. E.—1st,4s,.1989
Car, A kor.—let, gu. 5a, £.1929
83 k
» « t . fa, #*— Bond*. 0 * .... 1891 j 101 ....
Housatonlc—Cone, gold 5s— 1937 ........ 125k Ohio A Mies.—
• a K*ll»»s
«•• J906 .
.....
Consol. 7 ».............................1898 • 1 0 2 k
N.HavenADerky, Cons.5s„1918
act ? a » ' *.i* . . . . . . . . . . . . . . . . 193* 00 03
2d consol. 7 s........ ............... 1911
Hoos. A Texas Central Wsu.Wf>.':t,t»t —l e t , « , ,
. . . . .. . . . . .
8 pring.Div.~ lat7s...............1905 io i* '
Waco A N .7».................... 1903 125
, „«*. x o . - f a r , K. food, 6*. 188- 102% ...
*108*108__
1932
General 5s...... ........
let
5s (tat. Ktdi....................... 1937
r»’ c Valley—1*1. £., 5* — 1941
100
Ohio
River RR.—1st, 5s......... 1936 100
Cons,
ff,
6e
(tnt.
gtd)---------1912
sartv. 3pr. Vat., 1ml, £. 56.. 1911,
_ 100
Gen. g.,5 s..............................1937
Debent, 6s, prin, A ini. gtd,1897
0>*»- O. A Bo.Wwst.~let S». S.19U-**102
O m aha* St.. Louis.—1st, I s ..1937
5 0 k 54
Debent. 4», prln. A tnt. gtd,1897 •95 100
til. 0*........ .......................... .1913
Oregon & Califor.—1st, 5 b, g.1927
Ok. V,~Oe3.CBD,l«!.(ra.S.S«-193e
DUnots Central—le t,g ., 4a...1951
Penn-P,C.C.ASt.L.Cn.g.4k«A1940
io5*‘
1st,
gold,
3
k
s
.......................
1951
Oxieeeo A Alloa—8, i'., 6»— 190" 111%
Do
do
Series B........ • 1 0 8 k
Lout*, A Mo. t o w —le t ,76.1900 109 k 110 % Sold 1. ............................ ...1952 *103% ld-i”
99
*2“ 10 g ., 4 s ..........................-1 9 0 4
P.C.AS.L.-let,0.,7s...............190" 108
* 1 ,7 * ................................1901 109 112
Pitts. Ft. W. A C —let, 7S...1912 336
Cairo Bridge—4s............ ....1 9 5 0
« t L. Jack*. *C H le.-«4 , 7*. 1399
2d, 7 5 .................................1912 130
Springf. Dlv,—Coat)., 6s-----1898
MlM.it. Bridge—let, 6 .8 6 .1 9 1 2 10*3
3d, 7s...................................1912 129
Middle D iv.-R eg., 5s.......... 1921
Case tsar*,. A jTot.—l«t.5 »..... 19*6 105%
C.
St.
L.
AN.
O
.-T
e
n
.l.,78.1897
Ch.SLL.AP.~lst,con.58,g
...1932 115
103
102
k
Cblo, BatitEK. A tj.—*6, 6. 1..1901
Oiev. & F.—Cons., s. fd., 7s. 1900
1st, consol., 7s.................... 1897 102k
low* Dtv,—Sink. fund, 5*.. 1919 107
121
120
Sold,
5s,
coupon
.
.
............
.1951
Gen,
4k
s,
g.,
“
A
............
1942
98
Sinking fund,**.. . . . . . . 1919
103
Merar, Dtv., Istg . 4s....... 1951
St. L.V. A T. H.—1st, 6 s., 7 ». 1897
'am, **,..............
1931
100
100
2d,
guar.,
7s.......................1898
Bellv.ASo.
111.,
gn.,
g.,
4
k
s
1897
C a tc s c A Iowa Dtv.—5 s... U>0ft
Ced. Falls A Minn.— 1 st, 7s..1907
Gd.R.*.I.Ext.—lst.4ks.G.g.l941
€ itc. A laduuu* Oo«l—1st 5*. 1936 9 <
Alleg.Val.—Geu., gn., 4s, g.1942
Ind. D. A Spr.—1st 7e, 1906, trust
cat. mu. * 6 i. r.~igt,86,F,»-iS9,*: io3ft
Peoria A Pek. Union—1st, 6 s .1921 110
recta., e i bonds.............................
21. 7 3-10*, P, I )................. 1898 * l- o k 129%
101k
100
2d
mortg., 4 k s ........ ............ 1921 75
Ind.
Deo.
A
W.—1st,
g.,
5s___1935
lit, 7s. ? «., R. D..................1902 129
Ind. Ills. A Iowa.—1st, g, 4 s..1939
Pitts. Cleve. A T ol.—1st, 6 »... 1922
lU , I, A M .,7 s .................... 1897 128
129
1st, ext., g. 5s. .................... 1943
Pitts. A L . E r—2 d g .5 s ,“ A ” .1928
1.;, L k D .,7e.....................1899 126
28% 29
Pitts. Mo. K. A Y.—1st 6 s___ 1932 13 3
tot. A G. N’n.—3d, 4s, g . . . . 1921
111,C. A M .,7 s.................... 1903 128
KmgBCo.-F.Bl„lst,5,g.,ga.A.1929
Pitta. Painsv. A F.—1st, 5 s ... 1910
76k
1st, I. * 0 . E tt«nslnn,7s...l908 131k 132
Lake Erie A West,—2d g., 5 s.1941 ■'99% 101
Pitts. 8 ken. A L.E.—lst,g.,5s. 19-10 99=8 997g
l«t, La C. A Dae., 5e........ 1919 108
North'n Ohio—1st, gu. g. 5S.1945 103 104
1st consol. 5s.......... ..............1943
let, H .A D.,78................... 1910 126 129
108% L. 8. A M.Sott.—B .& B —New 7s.>98 10538
Pitts. A West.—M. 5s, £.1891-1941
1st. H A t>„ 5s...................1910 10S
Det. M, A T.—1st, 7s............ 1906 1 20
Pitts.Y’gst’n&A.—1st, 5s,con.l927
Chicago A Pacific Dlv,, 68..1910 117
Lake Shore—Dlv.bonds, 7a. 1899 108
Rio Grande So.—1st, g., 5 s ...1940
Mineral Point Dtv. 5s..........1910
Kal. All. & G. B.—1st gti. 56.1938 112
St. Jos. A Gr I s .-2 d in c ........ 1925
O. A L. Sup. Dtv., 5s...........1921 *107
Mabon'g Coal RR.—1st, 58.1934 116
Parse A Sooth., 6s, A s m ...1921 *H*7
Kan, C. A Omaha—1st, 5s.. 1927
LehighV.,N.Y.—1st gu.g.4ks.l9*10 101 102
St. L. A . A T. H.—Term. 5 s ..1914
Inc. «rav. sink. fund.5*___1916*100
Believ. A Car.—1st, 69 .........1923
Lehigh V.Tertn.—1st gu, 5s,g.l941
111k
Dakota A Gt. Booth., 5*....1918 low
Chi,StL.APad.-lst,gd.g.5sl917
MU, A Hor. main Une-6s,..19H> 118 119% Lehigh V’y Coal—1st 5B,gu.g,1933
95
St. Louis So.—1st, gd. g. 4 s.1931
Okie. A S o r « .- 30-j-ear deV.5e.’ 321 110% 1 1 1 % Lehigh A N.Y.—1st, gu. ft, 4S.1945 93
107%
EluiiraO.AN.,lst.g.lstpI.6s.l914
do
2d Income ,5s.1931
K*car,*b* A L. 8.1st, 68....1901
Guar., gold, os............ — 1914
Car. AShawt.—ls tg . 4 s....1932
068 St. A Mtnn,—1st,7 s .... 1907
99k 9 9 4 j
St. L. A 8. F.—2d 6s,g., ol. A .1906 115 1 1 5 k
Lite ill. Car.* West.—let 6s. g.1916
Iowa Midland—1st, 8s........ 1900
2d, 6s, £., class C ................. 1906 115 I 16
Kilo. A Milwaukee—1st, 7s.1898 101
Little Rock A M.—1st, 5s, gt.1937
128
m o . A 8 t P.—2d, 7s........... 1907
Long Island—1st, 7 s ...............1898 105 k 105 S,
General 5s..................
1931
98
98k
MO.. % M»,t.—1st, fi............ 190a 108
83
Ferry, 1st, g., 4 k s ................ 1922
1st, trust, gold .5e............... 1987 *87
90
88
O tt C. P. A 8t. P .-l6 t,5 8 1909 109k
Gold 4s.....................................1932
Ft. 8 . A Y . 13. B g .-ls t, 6 0 ...1910
Monkern 111.—let, 5«........ 1910 109k
S . Y. A R’way B .~ ls t,g . 58.1927 101 107
Kansas Midland—1st, 4s, g.1937
Mil, UB.AW.-Cou.di*!).,Ss.1907 101 107
2d mortg., ino..................... 1927
St. Paul City Ry, con. 5a, g ... 1937
Mick, D iv,.l8t,69............. 1921 127k
N.Y.B.&M.B.—1st con. 5s,g,1935 105 ;108
Gold 5a, gu a r.......................1937
AehUm! D tvi8ton-lst,08l925 12i
Brookl'nAMontauk—1st,68.1911
St. Pan] A Duluth—1st, 5a___1931
Ok.K.I.AP-D.M,AF.D.l6t48.1905
1st, 5 s .................................. 1911
2d mortgage 5a..................... 1917 104
60
Ut, 2 k » ............................. 1905
No. Shore Br.—1st oon.5s,g.l932
S t Paul Minn A M .-le t, 7e..l909 1 0 6 k
EkteMton, 4«....................1905
85
Louis. Evans.&St. L.—Coa.5s.1939
2d mort., 6s............................ 1909 1 1 9 k 1 2 l k
32
Keoknk A 0 e s M.—1st, 5 « ..1923 101
Louis. A Nash.—Cecil. Br. 7s.. 1907 108 111
Minneap. Union—1st 6 e... 1922
C!b.ic.8t.P. A Minn.—lst.66. ..1918 129ki
E. H. A Nash,—1st 6a, g ___ 1919 *Ll2k
Mont. Cfen.—let, guar., 6a..1937 114 k 1 15
81. Paul A 8. O.—let, 6e.......1919 130»8
Pensaeoia Division, 6 s ........ 1920 108
let guar. g. 5s.................... 1937 102 k 1 15
OklA A W. InA—lat, ». t , 63.1919 ...... .
East. Minn., Istdiv. 1st 5a 1908 106
St. Louis Division, 1st, 6 s...1921
eenerai luorUaKB, 6».......... 1932 117 117k
2d, 3s....................
1980
W’ ’ n nrASiouxF.—1st, g,5s.l93* * io 5 k 10 7
CUte. A ■
' .......1921
San Fran. A N. I’.—1st, g „ Fis.191 9
Nashv. A Decatur—1st,7 b. .1900 109
Om Ham. A !>.—Con. e, f., 7e.l905
9. t.,6s.—8. A N. Ala.............1910
Sav.FL&West. -1st, con. g.6s.l934
*4, (roid, i k e .........................1937
50-year 5s, g...........................1937
Southern—Ala. Cent., 1st 6s. 1918 1 09 k l i o "
101
Ota. D. A !r'is-l.'t,*ci. 5a, £.1911 108
Pens. A A t . - 1st, 6s, g old... 1921
AtL A Char.—let, pref., 7a..189*
9 i 100
0I*». Ak. A Ool—Eq. A 2d 68,1930 . ...
Coilat. trust, 5s, g ................ 1931 100
Income, 6 a ........................1900
10 ,-. U.sn.—Tr.etr.*.rortBt5M8l7
70
76
L.AN. A M.&M.—Ist,g.,4k8l«45 102
Colum. A Green.—1st, 5-68.1916
& 0. C. A 61. U -G en., K. 4s . 1993
E. Tenn,V. A Ga.—Dlsia.js 1930 112
Naeh.Plor.A8.—1st, gu., 5 b. 1937
Cairo dtvWoti,4»..... ........... 1938
Kentucky Central—48, E_. .1987
Rich.* Dan.—Eq. ». f. g. fta.1909
92
BtDoaDiv -lBtoot.te'tis.g.iaSt *92k 93 k
Deben. 5s, stam ped........ 1927
L. AN.—Lou.O.AL.—g. -1Hs.i9.il 1 0 6
9Sk
8prtnit.ACol.DIv.—l«t.(t. 4*. 1940
Vlr’a Mid.—Serial ser.A, tis. 1906
tXm.AJett.Bnge Co.—Gu.g,4s. 1945 • 8 3 k
WMtiW. Vat Dtv. —1»t.g. 4«. 1:ti<
Lou.N.Alb.&Ch.—Gen. m.g.as.1940
Series B, 6e.......... ..............1911
42
Ota'Aah.AM. Dtv.—let.a:. 1«.1991
87
Series C, 6s......................... 1916
87 k Memphis A Chari—6s, gold..1924
can. I. #t. 1.. A (\-l«t,fr..4».193t
98 100 Mexican Cent. Consol.—4s, g.1911
Senes D, -1-Ss..............
1921
ConaOl, C«-----. . . . . ........... 1920
let, oons. Income 3s, g____ 1939
Series F, 5s........................1931
C3a»»B.A(S.—Con.l»l.g,S», 1928 "108
M«x. International—1st, 4s,g.l942
WTaeh.O.AWr.—1st our.gu.4s. 1924
78
Indians 8. A w ,—i«t pf.7s.190t loft
Mexican National—1st, g., 6s. 1927
Ter. As'n of 8t. L.—1st, 4ka.l939 107k
Onto in A AW,—let prof. 5a.. 193*
2d, Income, 6s, " A ” ..............1917
let, con. g. 5s.............. 1894-1941 I04k
C. i t a n . A ln A —lot, 7*,».f.l89S •107rk 107%
2d, income, 6s, “ B ” ............ 1917
St.L.Mcr, Br.Term.,g.&8,gu.. 1930
Coniwt. »lnk. food, 7*.......... 1914
Michigan Central—6s..............1909
Texas ANew Orteane—lst,7».190S
O
-let.* .ti.OAI.7s.1901
Coupon, 5 b...............................1931 118
Sanine Division, 1st, 6e.......1912
( * •** I, i h'-P A ‘ft !; —ii>l,ft6 193;,
101
Mortgage 4 « ...........................1 9 4 0 102
Consol. 5s, g...............
1943 9 2
C «v » ft Mail. V .-O olA fte .,193:Tex. A Pac., Ii. D.—1st, g. 6a.l90» 107 k
Bat.C.A8trglB.-l8t,39,g.gn.l989
06t. I*,"*, ft W. —Mort. 7s ...190" 125
Minn.A Ht. L.—1st, g. 7«..........1927 139
Third Avenue (N.Y).—1st 5 e, 1937 121
8 /ca sing, A 1*. Y.—lilt, 7*.l90t •125 128
Iowa Extension, lst,7 e ,___1909
T.AO.O.—Kan.A M., Mort. 4e.l990
77k
sfnrr;* A Kess* —let, 7e__ i 91< 141
Boathwest. Ext,—1st, 7s.......1910
Tol. Peo. * West.—1st, g., 4 3 .1 9 1 7
GO
Boas*. 7*............................1901 105fk
Pacillc Ext.—1st, 6 9 ............. 1921 121 %
Ulster A D e l—lst,con.,6.,5e.l92r
99
93
v . o f 18 7 1 .......
..,.1001 114
Mo.K.ATex.—lot, ext., 8s, g.1944 ........ |
Union Paciilc—lot, 6s............1896 104 k
1
7
. . . . m r 140 143
Mo.K.AT.o 1Tex. I at,gtt.f>8.g. 1942
let, 6a..................................... 1897 104k 104*8
77 ! 79
...1991.
113%
Kansas City A P., let,4 e,g ..1990 •65 ! 70
let. 6s.................................... 1899 105 105 k
r»
-Vx
.79.1911 144 147
Dai, A- Waco—let, 5s, g o ,...1940
Collateral
Trust, 63 ............ ,190>
75k
f # $$§4
,7*. 190t 121
CoUaWal Trust. 5s__ . . . .1907 *75
MiefcbnM Padttc—Tmsr '5s.. 1917
75‘
85
19$ «>&**« r
137k XI8%
let coil., 5s, g .......................1920
Katieac Pacific—1st 6s, £...1896 109 k .. .
IS
4# 4 f.
7*. 192! 145
107
8t
L.AI.
M,-Ark,Br.,1st,7s.
1895
let.6*,**.......
1891
114
113 k
•0tmr*^Rrmspwsf
*t
dobl
8e.,, 192 : 101k
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27
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7a........loOs*
....
110
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Ifolfltlfe * 1
00% 103
Utah Southern—Gen., 7a ..1902
N •.-.Central.—Deb. g, 1 »....1 9 0 5 102 k
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4ti, * ti*
118 ,ww*w„ TJtlo* 4e H I Err.- 4
Debenture, Series B . ____ 1939 “22k 24
go.1921
%m* # *v
100% .....
- I P«L- 1Ht.u , 4*. gu.l99il 105
Det. A Ohio. Ext. let, 5s. g .1940 ___ tm 9 5
-185 Lw.ww* N. Y. N. H. A H,—1st, rev, is . 1903
St L.K.C.AN.—SLO.Bdg«6s. 190- 107
B* % y.
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West N.Y. A Fa.,gen>g. 2-3-4* 1943 40% 40
B t§
,»»190- 100
|N. Y.
■i. A West.—2 d, 4 k *. 1937
Income 5a.......-....................1943 * l3 k 14
107% ...... 11 Get
■ort.. Be. v................. 1940 ■70*4 72
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1937
»J ; th e s e a r e th e la te s t q u o ta tio n * m a d e nil. week. F o r » in celtan eou e U en d *-S ee 3d page preceding.
SBUFKITiiSa

B1.1. ! Ask.

THE CHRONICLE,

F e b b u a b y 6, 1897.]

j

AND

I n te llig e n c e .

RAILROAD

EARNINGS.

T h e fo llo w in g ta b le s h o w s th e g r o s s e a r n in g s o f e v e r y
ST E A M r a i l r o a d f r o m w h i c h r e g u l a r w e e k l y o r m o n t h l y r e t u r n s
c a n b e o b ta in e d .
T h e fir s t t w o c o lu m n s o f fig u r e s g i v e t h e
g r o s s e a r n in g s f o r t h e la t e s t w e e k o r m o n t h , a n d t h e la s t t w o
c o lu m n s th e e a r n in g s fo r th e p e r io d fr o m J a n u a r y 1 t o a n d
in c lu d in g s u c h la te s t w e e k o r m o n th .

The returns o f the street railways are brought together sep
arately on a subsequent page.
J a n . 1 to L a te s t D a te .

L a te s t G ro s s E a r n i n g s .
R oads.
1 8 9 6 -9 7 .
$
1 3 .4 8 3
4 3 ,1 4 6
6 1 .7 4 4

1 8 9 5 -9 6 .

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

1 8 9 5 -9 6 .

$
1 8 0 .4 6 2
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1 ^ 4 ,6 9 7
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5 0 0 ,5 1 8
A l a . M id la n d . . . N o v e m b e r .
A l a . N . O .T e x . A P a c . J u n e
2 2 ,0 0 0
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9 ,0 0 0
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8 .0 0 0
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2 9 ,2 9 4
9 3 ,3 ,il
3 0 .9 1 5
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A n n A r b o r ........... tth w k J a n
1 3 ,8 1 4
8 4 .0 S 8
8 .1 6 8
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1 6 3 ,7 2 4
2 1 3 ,8 4 4 1 ,4 4 7 ,3 8 5 1 ,5 5 0 ,9 2 3
A t l a n t a A C h a r. N o v e m b e r .
5 2 ,6 1
4 7 9 ,2 1 0
6 5 ,8 4 9
4 1 3 ,4 3
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7 ,7 3 9
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3 8 ,1 2 8
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3 9 .8 6 1
3
0
9
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7
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8 ,t.4 3
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5 2 ,5 3 4
2 8 ,2 0 5
2 0 ,3 0 6
A u s t i n A N * w est N o v e m b e r .
3 0 .4 0 0
3 7 .5 0 0
4 8 6 ,7 6 9
B a lc .C h e s .A A ti. D e c e m b e r .
5 0 3 ,3 7 9
B a lt . A O h i o ___ D e c e m b e r . 2 ,1 6 8 ,3 8 4 2 ,0 6 1 ,0 4 0 2 4 ,7 1 5 ,6 9 3 2 3 ,4 7 0 ,5 0 3
4 8 0 ,2 9 1
1 4 7 ,4 2 3
1 5 4 ,1 0 8
B a l. A O . S o u ’ w 4 th w k J a n
4 9 6 ,1 5 1
5 6 .7 4 9
6 1 ,4 0 8
B a n g o r A A roost N ovem b er.
6 5 8 ,8 2 8
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3 5 ,5 7 5
5 ,4 7 5
6 ,1 0 8
B a t h A H a m ’ nds N o v e m b e r .
3 2 ,2 3 5
2 .1 4 4
2 .2 4 8
2 3 ,7 7 7
B ir . A A tla n tic D e ce m b e r
2 3 ,1 0 9
4 9 ,7 5 2
5 5 3 ,1 1 7
5 2 ,7 7 0
B ru n s w ’ kA W est N o v e m b e r.
4 9 2 .7 4 7
7 0 ,9 1 4
2 4 0 ,2 9 9
B u lf .R o o h .A P i t t 4 th w k J a n
8 2 ,5 5 3
2 5 5 ,9 1 5
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4 9 3 ,0 5 9
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3 9 3 .4 5 1
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7 5 ,6 3 3
2 5 7 ,3 5 4
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4 2 9 ,0 0 V 1 ,3 1 3 ,0 0 0 1 .4 7 4 ,7 9 8
5 9 ,4 4 8
4 ,7 4 4
4 ,0 8 8
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5 1 ,0 7 1
5 0 2 ,2 8 2
C e n t, o f G e o r g ia N o v e m b e r .
5 1 8 ,6 3 7 4 ,6 0 5 ,0 0 4 4 ,5 0 6 ,6 7 5
C e n t r a l o f N . J . N o v e m b e r . 4 ,1 4 8 ,6 2 1 1 ,2 7 9 ,0 8 4 1 1 ,6 3 4 ,3 5 5 1 2 ,0 4 5 ,4 7 4
C e n t r a l P a c i f i c . N o v e m b e r 1 .0 6 9 ,4 4 8 1 ,1 3 3 ,7 9 0 1 1 ,5 0 8 ,3 4 1 1 2 ,0 0 8 ,7 0 6
3 ,5 8 5
C h a r i. C l. A S ut. N o v e m b e r .
4 9 ,7 8 0
4 ,0 4 5
4 3 ,8 9 6
4 1 ,9 3 0
C h a r le s t ’ n & S a v . N o v e m b e r .
5 0 8 ,1 5 6
4 7 7 ,4 2 6
3 7 .5 6 7
2 8 8 ,5 0 4
O h e s. A O h io ___ 4th w k J a n
9 0 0 ,4 7 4
3 0 0 ,5 6 0
9 4 0 ,1 2 5
4 7 8 ,5 7 2
C h e s . O . & S o. W J u l y ............
1 9 0 ,8 48 1 ,2 8 2 ,5 5 3 1 ,2 9 5 ,4 8 4
O h io . B u r . A O .rt D e c e m b e r 2 ,9 5 5 .0 5 2 2 .9 2 1 ,8 0 0 3 4 ,1 7 6 ,4 5 6 3 3 , 0 5 8 ,2 7 0
8 6 ,6 9
C h ic . A E a s t. 111. 4 th w k J a n
3 3 8 ,3 7 8
8 1 ,7 1 0
3 0 1 ,4 2 2
7 3 .2 0 0
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2 1 4 ,3 8
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1
6 6 2 ,3 4 1
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7 6 8 ,0 7 8 2 ,0 1 0 ,4 4 7 2 ,3 2 9 ,6 2 2
C h ic . A N ’ t h w ’ n . D e c e m b e r 2 ,3 8 5 ,1 •8 2 ,6 1 4 .7 8 6 3 2 ,1 1 5 ,8 9 7 3 1 .5 0 3 ,3 9 8
C h ic . A N o . P a c . N o v e m b e r .
6 2 ,9 4 6
7 4 8 ,4 0 0
6 8 ,9 9 4
7 0 2 ,7 4 9
7 3 .7 3 1
C h io .P e o .A 8 L L . D e c e m b e r .
8 9 1 .0 2 5
8 4 ,1 9 0
9 3 5 ,7 8 8
O h io .R ’ k I . A P . . J a n u a r y .. . 1 ,0 2 0 .8 0 6 1 ,1 8 2 .8 8 4 1 ,0 2 0 ,8 0 6 1 ,1 9 2 ,8 8 4
O hio. St. P . M. AO . D e c e m b e r .
6 5 9 ,9 5 3
6 5 9 ,1 2 5 8 ,1 5 6 ,1 9 2 7 ,5 0 8 ,7 6 2
O hio. A W . M loh . 3 d w k J a u .
2 4 .3 8 4
6 6 ,2 9 1
2 0 ,8 1 2
7 1 ,9 2 4
C h o c . O k . A G u ll D e c e m b e r .
1 4 5 ,3 0 0
1 0 5 ,9 6 6
C ln .G a . A P o r ts . D e c e m b e r .
4 .8 6 9
0 1 .1 6 2
5 .4 3 1
6 6 ,2 2 8
C in .J a c k .A M a c 4th w k J a u
1 5 ,6 4 3
5 2 .7 0 1
1 8 ,1 2 5
5 1 .8 5 0
O i n . N .O .& T . P. D e c e m b e r .
3 0 3 ,6 2 9
3 4 7 ,9 1 5 3 ,3 7 1 ,1 9 7 3 .7 1 7 ,9 0 1
G in. P o r t s . A V D e c e m b e r .
2 1 .4 ^ 0
2 7 2 .4 9 2
2 2 ,4 5 4
2 7 8 .0 3 0
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1 0 ,4 1 2
1 0 .8 0 2
29. H i
3 0 .7 1 0
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2 3 5 ,1 0 1
2 5 4 ,3 0 s
6 9 9 ,2 7 4
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P e o . A E a s t ’ n. D e c e m b e r ,
150,->2I
1 5 1 ,0 5 7 1 ,7 0 3 .5 4 4 1 ,9 7 1 .1 5 9
C l. L o r . a W h eel tth w k J a n
2 /, 004
8 2 ,0 9 5
3 2 .5 6 7
9 3 ,3 6 4
C o l. M id la n d .. D e c e m b e r .
1 4 0 .9 5 2
1 4 4 ,9 0 9 1 ,8 2 3 .8 1 0 1 ,7 4 0 ,0 1 3
C o l. H . V. A T o l. J a n u a r y . .
1 7 8 .0 9 7
1 7 9 .0 9 7
2 0 2 .6 3 4
2 0 2 ,6 3 4
C o l. A R e d M o u n t D e c e m b e r .
4 ,0 9 9
C o l. S a n d ’y A ti. D e c e m b e r .
6 2 ,6 2 1
8 0 0 ,8 0 8
0 4 ,1 8 9
8 7 2 ,5 4 9
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1 ,6 0 0
1 9 ,5 9 1
1,000
1 8 ,2 7 7
C r y s t a l ............... O c t o b e r . ..
540
1 ,1 4 1
9 .7 5 3
7 ,4 6 3
O a m b T d V a lle y N o v e m b e r .
6 0 .7 3 4
7 6 .0 «1
7 1 .1 0 3
7 8 1 ,1 9 3
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1 5 4 ,4 0 o
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5 4 7 ,9 0 5
18 3 ,2 0 V
D es M . A K a n .C 3 d w k a n .
2,68tt
1 ,7 8 9
7 ,8 4 5
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D ecem b er
3 1 .8 8 7
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1 8 .8 4 3
5 7 ,0 9 9
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D e t . A M a c k iu a c N o v e m b e r .
2 0 ,0 0 3
2 6 .4 7 0
3 7 6 ,8 5 3
3 3 6 ,3 4 6
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2 4 .1 4 3
3 0 .1 9 4
6 7 .1 2 9
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76 029
1 0 0 .9 6 6
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D e c e m b e r . 2 ,5 3 5 ,6 1 1 2 ,5 6 4 ,4 3 5 3 1 ,0 9 9 .5 6 9 3 0 ,6 7 9 ,8 3 0
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4 ,6 8 1
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5 3 ,9 8 6
E v a n s .A ln d ’ p lis tth w k J a u
6 .6 9 8
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2 6 .4 3 7
E v a n s . A R i c h .. 3 d w k J a n .
931
1,6311
3 ,0 1 6
4 ,2 6 8
E v a n s v . & T . H tth w k J a n
2 4 ,7 8 4
3 1 .2 9 0
9 8 ,3 0 0
8 1 ,0 4 5
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6 4 0 .5 6 1 1 7 ,3 3 8 .6 0 7 7 .4 2 9 .9 5 4
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49,-<75
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.41 0 7 4
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1 8 .7 0 9
17,2411
3 9 . *9 2
3 5 ,7 2 8
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3 9 .0 7 9
50,7071
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4 1 2 ,0 9 1
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8 66
9451
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9 ,3 2 7
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3 0 .8 7 2
3 3 .6 0 9
9 9 .0 7 6
1 0 1 ,8 8 5
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2 5 ,9 8 8
1 5 ,4 1 4
5 2 .5 6 2
8 8 .0 7 8
G a . C a r ’ la A No. N o v e m b e r .
9 0 .6 4 8
1 0 1 ,1 2 6
G e o . S o . A F la . D e c e m b e r .
7 6 .2 3 9
7 9 .2 6 1
8 8 1 .8 5 5
8 3 0 .3 8 4
G r. R a p . A I n d . . 3 d w k J a n .
8 1 ,4 4 4
3 5 ,2 7 2
8 7 .4 3 9
97.04*2
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6 , 8*2
7 ,6 9 6
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655
1 ,4 5 3
2 .9 3 7
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1 ,8 5 1
2 ,2 5 9
5 ,1 3 9
5 ,7 6 9
T o t . a ll lln ec M w k J a n .
4 0 ,8 3 2
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3d w k J a n .
3 23 ,60:>
3 0 2 .7 2 6
9 0 0 ,0 3 2
8 9 6 ,2 3 0
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7 4 .8 6 2
8 4 ,0 0 4
2 4 0 ,3 2 9
2 6 7 ,9 7 7
D e t .G r .iI .A M , 4th w k J a n
2 2 ,1 3 6
2 i,9 0 8
7 4 .3 0 5
7 1 .7 7 5
C 1 n .8 a g .A M a i 1th w k J a n
2,3.* 1
7 .8 5 4
3 ,4 1 6
in , 329
T o l.S . A M usk tth w k J a u
2 .0 7 2
6 ,8 3 5
1 ,5 7 3
5 ,1 1 3
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St. P. M. A M D e c e m b e r . 1 ,2 7 3 ,4 0 9 1 ,4 9 2 ,5 1 3 1 5 ,7 7 1 ,8 6 1 1 4 ,8 9 0 ,3 2 8
E a s t o f M in n. D e c e m b e r .
1 3 7 ,6 4 0
1 8 1 ,9 9 8 ' 1 ,9 3 3 ,7 4 3 1 ,6 7 5 ,3 8 2
M o n ta d a C e n t. D e c e m b e r .
1 6 0 .2 8 1
1 3 8 ,7 2 3 1 ,9 2 6 ,1 8 9 1 ,5 6 0 ,6 7 6
T o t . s y s te m D e c e m b e r . 1 ,5 7 7 .3 9 0 1 ,8 1 3 ,2 3 1 1 9 ,6 3 2 ,0 9 3 1 8 ,1 2 6 .3 8 0
G u lf A C h ic a g o D e c e m b e r .
5.1 2 8
4 ,9 3 2
4 7 .8 6 0
4 0 ,8 5 1
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1 0 .0 3 1
7 ,2 0 1
9 7 ,3 1 5
7 4 ,0 3 7
H o o s .T u n .A Wll. D e c e m b e r .
3 ,3 5 2
5 ,0 2 0
4 4 ,9 0 6
4 8 ,0 6 3
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3 4 6 ,7 1 3
3 2 4 .4 7 2 2 , 9 4 6 ,8 2 0 3 , 1 7 4 ,0 3 0
$
1 5 ,1 1 8
3 9 ,8 2 5
5 7 ,t 3 1

........

8:,45

.

1.6' o

L a t e s t G -ross E a r n i n g s .

J a n . 1 to L a t e s t D a te .

W e ek o r M o 1 8 9 6 -9 7 . I 1 8 9 5 -9 6 .

1 8 9 6 -9 7 . I 1 8 9 5 -9 6 .

R o ad s.

jm r e s t m e u t
IJ m lr a a d

281

1

$

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8 .4 9 8
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I n d . 111. A I o w a . N o v e m b e r .
6 8 2 .0 8 7
6 6 ,6 9 3
699 700
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4 4 ,4 4 5
f l n t e r o o . (M e x .) W k . J a u . l 6
9 4 ,1 4 5
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8 3 ,2 1 7
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I r o n R a il w a y . . D e c e m b e r
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Jack . T. A K . W . D e ce m b e r.
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79,56*2
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370
768
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4a
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2 5 ,0 3 8
5 .2 4 0
L . E r ie A l l A S o . D e c e m b e r .
6 0 ,8 9 5
7 ,2 6 5
8 1 ,5 0 5
7 7 ,1 7 9
L. E r ie A W e s t, tth w k J a n
2 5 1 ,5 1 9
9 8 ,0 5 5
3 0 2 .1 1 7
3 9 3 ,7 7 9
3 4 ,3 2 2
3 2 .8 7 8
L e h ig h A H u d . . D e c e m b e r .
4 3 3 .4 8 3
1 6 6 ,0 3 0
21.111
13. 47
L e x ’ g t o n & E a s t . O c t o b e r . ..
1 7 5 ,4 7 1
2 4 2 .6 2 9
L o n g I s la n d — D e c e m b e r
2 5 1 .5 9 6 3 ,9 3 5 .0 5 9 4 ,0 1 3 .5 8 4
8 3 .3 7 *
4 .8 3
L os A u g. T erm . D ecem b er.
7 .8 2 7
1 4 5 ,4 8 2
3 3 ,1 4 2
1 0 0 .3 9 7
L o u is .E v .A S t .L . t t b w k J a n
39 549
1 0 9 ,8 6 0
2 1 ,4 9 3
L o u .H e n .A S L L . 3 d w k J a n .
8 ,2 2 3
7 ,8 * 5
2 3 ,7 7 4
4 9 7 .8 7 5
L o u is v .A N a a liv . 4th w k J a u
5 7 2 ,2 0 7 1 ,6 0 7 ,0 1 5 1 ,6 8 8 ,5 3 7
7 3 ,7 8 5 2 ,2 0 9 ,4 0 9 2 ,2 7 2 ,6 4 2
5 8 ,4 0 4
L o u is .N .A .& C h . 3 d w k S e p t
M a c o n A B ir m .. D ecem b er
5 ,4 2 2
6 1 ,9 8 5
6 .1 8 9
7 2 ,0 3 5
1 1 6 ,5 6 4
5 ,9 2 5
M a n i s t iq u e .........D e c e m b e r
3 .9 *5
1 1 7 .2 2 8
2 1 ,8 3 4
M e m p h is A C h a s . 3 d w k J a n .
6 4 ,7 3 3
2 8 .3 7 8
7 4 ,9 2 6
3 8 3 ,2 0 1
’. M e x i c a n C e n t ,. i t h w k J a u
2 7 3 .9 7 9 1 ,0 7 0 ,6 0 6
8 2 0 .9 6 0
2 3 1 .6 1 0 2 ,6 6 7 ,0 9 7 2 ,3 7 8 ,6 6 9
2 ^ 5 .3 3 4
M e x i c a n I n t e r ’ l. N o v e m b e r .
1 0 0 ,0 . 2
I M e x . N a t io n a l. 3 d w k J a n .
2 7 6 .6 0 4
8 7 ,5 9 1
2 5 6 ,3 9 1
0 6 ‘2 .OOs
5 4 ,1 0 4
3 6 ,8 9 7
M ex. N orth ern . N ovem ber,
6 2 4 ,7 7 8
7 3 .0 0 0
1 3 8 ,5 0 0
5 7 .0 0 0
i M e x ic a n R ’ w a y W k .J a u .1 6
1 1 7 ,0 0 0
1 0 ,9 8 0
M e x i c a n S o ........ 2 d w k J a n .
2 0 ,0 a 4
8 .4 1 4
1 7 ,7 8 3
1 0 .5 8 9
* 9 ,0 6 3
M id d le G a .A A t l . N o v e m b e r .
3 9 ,1 3 5
M in n e a p .& St. L. ith w k J a u
5 1 ,7 2 0
1 2 5 ,6 7 3
1 4 5 ,8 7 8
M.
S t .P .A S .S t .M . 3 d w k 4J 3a ,4
n .8 8
5 8 ,4 5 3
1 6 c,044
1 3 3 .0 6 9
3 2 4 ,2 9 2
M o. K au . A T e x . tth w k Jau
9 5 9 ,5 5 2 1 ,0 1 6 .6 9 1
3 3 3 ,5 7 8
6 4 5 ,0 0
640.OOU
M o. P a o . A l r o n M t t h w k J a u
1 ,7 3 7 ,0 0 0 1 .7 9 9 .0 0 0
3 2 .0 0
C e n tra l B r’ ch . tth w k J a n
7 9 .0 0
6 3 ,0 0 0
6 7 8 ,0 0
66 6 , 0 0 T o t a l .............. t t h w k J a n
1.816,0011 1 .8 6 2 .0 0 0
7 .8 9 0
M o b ile A B ir in .. 3 d w k J a n .
2 0 ,2 3
5 ,7 0 0
1 7 .3 7 3
M o b ile & O h i o . . J a n u a r y . ..
3 2 3 ,7 7 1
2 9 9 ,9 2 1
3 2 3 ,7 7 1
2 9 9 ,9 2 1
9 7 .8 4 4
M o n t . A M e x .G i f N o v e m b e r
9 7 .2 8 5 1 ,0 3 3 ,0 2 4 1 ,1 2 4 ,0 5 8
N a s h .C h . A St. L . D e c e m b e r .
4 3 3 ,8 9 9
4 5 8 .2 9 1 5 ,0 0 4 .9 1 3 4 ,8 7 1 ,8 0 3
N e l. A F t . S h ’p ’ d D e c e m b e r .
4 ,3 0 2
9 ,0 8 9
N e v a d a C e n tr a l. D e c e m b e r
3 7 .2 3 8
2 ,7 3 7
4 .4 9 9
3 0 ,2 5 6
N . Y . C. A H . R ._ D e c e m b e r . 3 ,6 3 8 ,1 6 8 4 ,0 2 0 ,0 4 7 4 4 ,0 7 5 ,0 2 8 4 4 ,3 3 8 ,8 8 9
N. Y . O n t . A W . . I t b w k J a u
7 4 ,4 3 0
2
.2 ,2 6 0
2
4
6
.8
9
0
9 2 ,6 5 9
N .Y .S u s q .A W .. D e c e m b e r
2 0 3 ,8 1 5
1 9 5 ,0 9 7 2 ,2 7 1 ,5 6 7 2 ,2 6 4 .0 1 8
N o r f o l k A W est. « b w k J a n
8
8
7 ,9 6 6
8
3
2
.9
2
6
2 1 5 ,3 5 3
1 7 7 ,0 3 7
N o rth e s ’n (G a .). N o v e m b e r.
4 7 .9 5 6
59 680
5 ,4 7 3
7 ,6 4 8
N o r t h ’ n C e n tr a l D e c e m b e r
0
,2
8
0
,6
0
2
520.1*20
0 ,5 0 6 ,0 2 8
5 5 9 ,1 8 4
N o rth ’ u P a c ific . 3d w k J a n
2 5 9 ,8 3 8
2 1 7 ,5 6 3
7 2 7 ,5 3 0
6 4 8 ,9 1 6
O c o n e e A W e s t. D e c e m b e r .
2 9 .3 4 4
3 0 .5 0 9 )
2 ,0 8 9
3.43*2
O h io R i v e r .......... tth w k J a n
75 754
0 8 ,1 5 8
1 9 ,5 5 0
1 6 .0 8
O h io R i v . A C h a s D e c e m b e r .
1 8 6 .8 5 5
1 9 ,5 3 7
1 6 .1 2 5
1 8 6 ,8 1 8
O h io S o u t h e r n . . D e c e m b e r .
7 7 4 ,5 1 2
0 8 0 ,3 3 6
4 .7 0 9
7 8 ,4 0 3
O h io V a ll e y .........N o v e m b e r .
3 3 4 ,2 4 4
3 0 9 ,0 5 5
3 1 ,5 8 4
2 2 , "*83
O re g o n Im p . C o. N ov em b er.
2 6 0 .7 3 0
2 7 1 .9 8 0 2 ,9 8 1 ,2 9 3 2 ,9 8 1 ,3 0 7
O r e g .K K .A N a v . J a n u a r y .. .
3 7 2 ,9 3 8
2 9 7 ,2 5 3
3 7 2 ,9 3 8
2 9 7 ,2 5 3
P a o id o M a il........ D e c e m b e r .
3 7 8 .6 5 1 3 .9 6 8 .5 0 4 4 . 3 0 6 .6 3 2
3 8 8 .8 8 0
P e n n s y lv a n ia .$. D e c e m b e r . 5 ,1 9 2 ,3 0 1 5 .6 3 9 .0 0 1 6 2 ,0 9 6 ,5 7 7 6 4 , 6 2 7 ,1 7 7
P e o r i a D e o .A E v . 4th w k J a n
7 7 ,5 5 4
7 0 ,7 2 4
2 2 ,0 3 7
2 4 .1 9 8
P e t e r s b u r g ......... N o v e m b e r .
4 9 0 ,7 4 7
5 0 * ,9 3 7
4 5 ,8 2 9
4 2 .3 4 6
P h ila . A E r i e . . . . N o v e m b e r .
450,97!'* 4 .1 6 1 ,1 7 7 4 ,0 3 7 ,1 3 9
4 7 6 ,5 9 6
P h ila . A R e a d .. . O c t o b e r .
2 ,0 6 0 .1 0 6 2 2 7 4 .2 0 1 1 6 .8 0 5 ,7 0 1 1 7 .7 3 0 ,9 6 1
C o a l A I t . C o .. O c t o b e r .. *2.7"7 8 5 2 3 3 5 0 .6 8 6 1 8 ,9 3 0 6 8 4 19 9 9 8 .3 1 9
T o t . b o t h C o ’ s. O c t o b e r . .. 4 ,8 2 7 .9 5 8 5 . 6 2 4 .9 4 3 5 8 2 2 3 8 5 3 7 ,7 2 9 .2 8 0
P h . R e a d . A N .E . D e c e m b e r .
7 6 8 ,9 0 3
6 8 7 ,4 1 8
6 2 .5 9 8
55 120
P it t s .C .C .A S t ,L . D e c e m b e r . 1 .1 4 7 .4 3 6 1 ,3 6 7 ,9 6 5 i 4 ,3 0 4 ,9 3 4 1 5 , 4 8 3 ,3 7 3
P l t t e .L is b .A W n D e c e m b e r
4 4 .8 1 4
4
3
.8
1
9
3 .9 9 1
3 .8 6 0
P itts . Sli. A L. E . 3 d w k J a n .
2 2 ,0 4 8
3 6 ,0 8 4
7 ,6 6 1
1 2 ,8 9 2
P itts b . A W es’ n . t t h w k J a n
1
1 1 ,7 7 3
9
8
,8
1
2 9 ,9 6 5
34 329
P it t s . C L A T o L i t h w k J a n
5 6 ,5 1 7
4 7 ,3 1 6
1 7 .3 9 0
1 5 .3 6 7
P i t t s . P a . A F . 4th w k J a n
1
1 ,6 6 9
1
2
.4
2
0
3 .5 9 1
3 138
T o t a l s y s t e m .. 4 th w k J a n
1 7 9 ,9 5 9
1 5 8 .5 5 7
4 8 ,4 6 0
5 5 ,3 7 3
P i t t x o n u g .A A . D e c e m b e r .
1
,7
3
0
002
72,12m| 1 0 3 .8 9 9 1 ,3 8 8 .2 0 3
Q u in c y G ..v K .C . D e c e m b e r .
200 190
2 9 4 ,7 1 1
25,482] •2*2.19-4
R io lL F r ’ k s b A P . N o v e m b e r .
6 7 1 ,5 8 3
0 4 2 ,4 6 t )
58.0*25
4 8 ,9 9 8
R ic h . A P e t e r s b . N o v e m b e r .
312 959
3 1 3 ,4 0 3
2 5 ,3 4 6
2 8 .7 5 5
R i o G r . S o u t h ’ u . 4 th w k J a n
3 0 ,3 1 0
2 6 .2 9 5
7 ,7 2 0
1 1 .8 5 0
R io G r ’ d e W e s t, sd w k J a n
1 0 2 ,3 0 0
1 0 9 ,9 5 0
3 9 .7 0 0
4 0 ,3 5 0
* 2 .1 4 9
85 341
S a g .T u s o o ia A H S e p t e m b ’ r.
ll,1 8 7 |
1 1 .3 5 3
S t.L . C h .A S t. P. D e c e m b e r .
2 7 6 ,6 9 1
2 9 7 ,8 1 7
2 5 ,5 0 0 ,
2 0 ,5 6 3
S t. L .K e u ’ e t A S o . 'D e c e m b e r .
5 .3 2 8
0 ,5 2 0
S t.L . A S a u F r a n .'D e c e m b e r
4 9 5 ,4 7 0 ’ 5 0 2 .0 1 2 0,099 408 6 ,0 0 5 .9 4 3
S t L . S o u t h w e s t 4 th w k J a n
4 .1 8 .2 5 0
3 * 5 ,8 0 0
1 2 9 ,7 0 0
L58,OOJ(
S t P a u l A D u l.. D e ce m b e r .
1 1 1 .6 4 . l ,5 3 4 .o 7 2 1 ,5 6 0 5 3 4
1 0 5 ,2 2 2
San A n t A A . P. D e ce m b e r.
1 7 7 .7 5 9 2 ,1 1 7 ,2 9 0 1 ,9 7 1 .8 2 8
218.*273
S a n F r a n A N .P . D e c e m b e r .
811 704
/ 4 4 .0 9 i
5 2 .0 2 3
5 1 .1 8 1
S a v . F la . A W e s t N o v e m b e r .
295.921 2 8 5 0 2 1 ! 3 1 1 8 ,4 8 9 3 ,0 8 1 2 6 9
S h e r .S h r e v .A 0 o, 4 th w k D e o
3 1 4 ,9 4 3
355 335
1 4 .7 9 3
1 1 .0 2 3
S e a b ’ r d A i r L in e S e p t e m b ’ r.
2 5 0 ,7 3 6
3 3 4 ,8 7 0
S i l .S p r s .O . A G . N o v e m b e r .
102 263
174 0
1 1 . 11*2
1*2,562
S u v e r t o n ............ D e ce r n tier.
5 2 ,2 6 0
7 7 ,1 4 0
12.4711
3 .5 5 4
S o .H a v e n A E a s i D e c e m b e r .
19 0 4 4
72 87
1 .1 7 9
1 .9 2 3
S o . P a c if ic C o.
G a L H a r .A s .A
5 0 7 ,1 9 0 4 6 3 1 3 1 4,643,188 4 ,3 5 8 .4 6 7
L o u is ’ a . W e st. N o v e m b e r .
9 9 6 .6 5 3
83 0 015
8 6 ,1 1 5
M o r g a u ’ s L A l\ November.
613,241 7 0 1 3 7 9 4 0 9 6 ,3 5 3 5 3 2 7 ,7 7 2
N .Y . T . A M e x . N o v e in tier.
2 1 5 ,6 7 4
*259,462
1 7 .9 9 1
4 0 ,0 0 0
T e x . A N. O r l . . N o v e m b e r .
1 .2 3 7 ,3 8 4 1 .4 9 6 ,3 8 6
1 4 0 .1 4 1 3 0 .6 7 1
A t l. Prop* te a . o N o v e m b e r . / 1 8 2 8 3 2 n B i O n z f i 5 2 2 i 2 4 L > 1 0 1 9 1 8 2 5
P a c if ic s y s t e m November. 2 0 8 2 ,9 7 0 2 9 1 5 7 1 9 .2 9 .1 1 0 9 1 0 2 9 0 9 8 ,3 2 6
T o t a l o f a ll.e N o v e m b e r . 4 ,5 0 3 ,0 0 2 4 .7 5 6 ,1 9 1 4 4 ,3 4 2 .1 5 9 4 0 .0 9 0 ,1 5 1
S o . P a c . o f C a l. N o v e m b e r .
793,185 9 2 7 ,1 6 5 9 ,0 8 2 ,9 9 0 9 ,5 0 1 ,9 8 5
S o .P a e .o f A r iz . November.
2 1 6 ,0 6 0 2 ,0 0 0 .7 9 1 2 ,0 7 3 ,4 9 L
2 1 4 .0 3 3
S o. P a o .o fN .M . November.
9*4 289
1,041,003
1 0 3 .0 7 4
106 841
N o r t h e r n R y .. N o v e m b e r .
19 >,717
1 9 1 .3 8 4 2 ,0 3 1 .0 0 7 1 .8 4 0 ,1 9 1
S o u t h e r n R y ___ 4th w k J a u
5 1 2 .7 1 4 1.57 1 ,1 6 8 1 ,6 4 4 .0 7 0
4 * 3 ,7 7 0
8 p o k .P T s A N o r D e c e m b e r .
2 8 1 ,4 4 2
4 3 9 .7 5 9
27. 93
4 3 ,2 0 8
S t a t e n I .R a p .T r . Septemb’r.
9 4 0 .5 0 0
9 1 4 39 1
1 3 5 ,9 8 7
1 0 3 ,9 1 5
S t o n y C l. A C .M t . N o v e m b e r .
4 1 ,0 9 0
3 8 .5 0 3
1 877
1 381
S u m m it B r a n ch . D o i.o riib o r.
9 6 3 .2 9 9 1 ,1 5 1 ,1 3 1
9 1 .2 7 4
8 5 ,0 3 4
L y k . V a l. C o a l. December.
8 8 5 ,0 0 5
7 6 0 .5 0 7
7 7 ,9 0 7
*3,499
T o t ’ l b o th C o ’s D e ce m b e r .
1 .8 4 9 ,1 0 1 1 ,9 1 9 ,6 3 8
1 0 3 ,1 8 1
168 5 8 3
T e x a s C e n tr a l.. 3 d w k J a n .
1 5 ,1 1 4
14,369
5 ,0 4 4
4 .4 7 4
T e x a s A P a cid o . it h w k J a n
6 0 G ,4 9 2
613,7 87
2
0
3
,9
6
4
2 0 7 .8 4 1
T e x . S. V .A N .W . D e c e m b e r .
5 050
5 ,1 2 9
T o l. A O h l o C e n t. 4 th w k J a n
141*300
1 3 9 .i2 i
4 5 ,1 4 8
4 0 ,0 9 2
T o l. P. A W e s t .. 3 d w k J a u .
5 ,690
0 8 ,1 8 5
2 5 ,2 3 0
1 8 ,1 8 9
T oL S t. L .A K .0 i t h w k J a n
1 5 5 .5 3 5
5 1 ,1 3 4
17 2 .4 4 3
46 907

21.00

, *i
* .)

November.

112,0 8

THE

282

J a n , 1 lo L a t e x H alt.

L a te s t 0 r m t M a m m g t

Roxibl

1
|W m M w M* |1896-97.

CHK0N1CLE.

iies-ao.

1896-97.

* nx'atre
Tot***It* 4t 0
» tB e lttd e

mo

eweresi

"<Tlnelu.ii-.*

36 u'rrk o f J a n u a ry .
9r. JrtHf- [*h A Oil. Island.. I
1’t>xu* C e n t r a l................... i
Toledo Peon* A West’ n..j

& jinw Chrlaai**.

i4. . 8! Louis Alton & Terre Haute for all periods.

Latest tiro** Sartilftgs hi Week*.—The latest weekly earn,
jags is the foregoing are separately summed up as follows :
For th» fourih week of January our preliminary statement
©overs 46 roa-i-i, and show* 7'46 per cent decrease in the ag­
gregate over the same week last year,

as

~T~

19,059

|

4.474:

18.188i

"#
12,798
5,014
25,230

5,974,195 0,296,87(1

Total -79 toads* ..

Inmui
*

0,803

Dtcrea*e.

9
' “ 570*

7,041

165,113

487,788
322,675

Set ( l « « w *5'12 o e.l..
For the month of January 57 road* (all that have furnished
statements for the full month as yet) show aggregate results.
as follows :
M onth o f J a n u a ry ,

[

1897.

1896.

*
1
*
Gross earnings (57 roads) 20,786,449 22,098,861

D ecrea se.

$
1,312,412

P er C ent.

594

It will be seen there is a loss on the roads reporting in the
amount of $1,312,413, or 5-0*1 per cent.

Net Earnings ttonthly to Latest Dates.—The table follow ­
ing shows the net earnings of Steam railroads reported this
•von,to n<>*. in. mle Oregon By. AMav., On. Pao. Denver* week. A full detailed statement, including all roads from?
Lead villa * Gunnison, Montana Onion and Leavenworth
alb w©»fceT&, thesensums 1 nolnderesnltson eased line*. which monthly returns can be obtained is given oncea month
i n terries,
x e r n e s . etc.,
e x c . , not
non g
iv e x i B
m iw -x w o ,
1 M e x i - in these columns, and the latest statement of this kind will
Banting* from
given
separately,
i only half o f lines In w hich union Pacific has be found in the Chronicle of January 23,1897, The nex i
will appear in the issue of February 20, 1897.
-oration* o f the f’hie. Burlington * Northern In both
,
dross B urnings.— .,----- Net E arn ings.------- •

| DoT«rs restilt* for tine* diraotljr operated east of Pittsburg.
StoaUuW retail# on affiliated line*.
m /<-v>v«r^
r.h** AtUotio 3y«tam th> Houston & Texas Centra 1
k S -j“ Uiw tv*lerii, Oeatrai Texas <x Nor til western and Ft. Worth
11

1890

1897.
‘

1898-96.

m
j
Cislosi f ’iwBifl#"' 1
|J03,3$7;
|5i», t#* e KK ■
fW0,74«»t 5,108,28., 4,923.120
5M,47S1
Of,
|H$ 37,915
49,30'
13.796
3»t «r% J&n f
63,000
21,0001 79,000
32,000}
Om%s,MrnMA^ (4Ul wk J ati-t
Jygiy£|&t..# JP« \ ■
hgjwBMilmrJ 31,14427.: 14 i 301,405! 249,000
AQbrJX * # \
607,173
547,915
71,43:
O i M r J M u Y o v r » t jr i
ti l3 20,411.753
27,0 9 4 20,
319.153
..........!
318.002
.-f
mm*?* m
iw .
r I m 5,o«Si 318,545| 2,829.1211 2,830,324
9 7 6 .8 0 5
.
30! JN06J 835,057
4th r n k i m i
WbhmSi .•**
245,900
26,45 8 j 243,153'
32,230.
Wft«0*Hor*h«
i 152,818 14ft*$$9
^ Jf«at
96.100 1,181,773, 1,121.705
Fl*% :
318,757
326,8261
37.181!
c*r, 1 B5,!«4
Wait
Pitt* *
492,480
532.1M
61.46*
62
.17;
Wmtmns of Al* fXWWIIlhfiSP*:
130,0 >0
158,100!
32.900
43,800!
34 'Wfejatf100,580
75.83*'
29.095
20,2*4
w h m L & l . mn< ttli wk Jan
275,8'' 3
870.365
80,985
9 1.095
itli wk J its
v iu m m -iu
85,728
92,964
8.401*
8.213
D m em tmtr
6.1301
5*731
Tor%
- November :

©ell, Seer

IY o u LXIY.

1897.

1896.

$
43,146
29,294
7,739
154,108
70,914
353.00)
288,504
8 ,691
662,31)
15,643
27.004
154,400
0,698
21,781
23,988

if
39,825
30,915
10,150
147,423
82,553
429.000
300,560
81,710
788,678
18,125
82.537
183.200
8,< 25
31,290
15,444

74,862
22,130
2,351
2,07a
77,4*
38,083
12,037
34,256
8.055
77,179
33.14.
497,375
383,204
39,135
324,297
646,004
32,000
74.430
177,037
16,087
24,1948,460
7,720
123.700
492,770
207,8 41
40,082
51.134
2 *3,536
20.244
80,985

84,064
23,88s
3,.16
1.573
95.833
53,009
12.842
16.25!
6.830
98.0*5
39.549
572,2"?
273,979
51,720
333.578
645,000
21,00;
92,659
215.353
19.5&0
22,037
55,37 •
11.8 *(J
158.0th)
542,714
2 >0.964
45,148
46 9 )
301.806
29.09
81,995

Total 14®road«»...» . . ; 5,890,588
Set detr-.-sss -7'1C p . a. .

6,371,850

o f Jan uary.

Alabama 0 1 .Seal hern.. - i
Ann Arbor......................
Atlantic * Danville.......
Balt, A Ohio “ onlhwcst..
Bufiaio Booh. * PtiSSb'gCanadian P a n t i l e , i
Chesapeake & Ohio........
Chicago* East. Illinois
Chicago Mllw. * St. Paul
Cm. Jackson * Mackinaw ;
Cflev. Lorain * Wheeling
Denver * Rio Grande— j
Bvanev. * Indianapolis..!
Bvansv. * Terra Haute..
Georgia * Alabama.___
Gland Trunk—
Onuauo * Or'd Trank. j
Dot. Or. H»V. & Mttw.J
Clu. Sag, * Mack........
Ted. Sag * Muss............
Intein'l A (it. North’ n ..
tow a Central.............. . .
Kanawha* Michigan...
Kan. City Plttab. * Oult j
Kan. City Suburb. B e it..
LaKr Erie * Western.... i
Leoivv Kraiiev. * St. L I
Louisville * KMbville,..|
Mexican Central_____ j
Minneapolis A St. Louis I
Mo. Kansas & Texas___ j
Mo. Pacific * Iron M L...
Centra) Brunch............
N. V, Ontario A Western
Norfolk A Weatern........
Ohio Elver.................
,
Peoria Ib-c. & Kranav...
Pittsburg A Western.....
Rh> Oramt* Southern... >
8s, Loot* Boa thwes tern,. j
(touttiern Hallway..........I
Texas A Partita . .. . __ J
Toledo A Ohio Central ,
l o t »t. 1,. A Kali. I'lly, !
Wabssb .........
.1
Wheeling A Lake Erie,..!
WlaceBam Central... . . . j

........

In crea se.
$

3,821 j
6,685

___
4,981
__, ___
8,544
__
199
__
18,004
1,225

109,225
i,ooo
11,000

2,101

877
4,167

171,689

.... ....

D ecrea se.

9

........

1.621
2,411

11,039
76,000
12,056
126,367
2,482
5.563
28.800
1,327
6,506
9,202
1,832
1,065
18,386
14,921
805
_ . __
20,878
6.407
7 4,3c 2

...

12.535
9,286
18.22 •
38,316
3,463
6,913
4,130
28,300
49,944
5,056
24.270
8,351
11,010
648,951
475,262

For tin third week of January our final statement covers
74 road*, ami -iw »* 5*12 per oent decrease in the aggregate
over the «sme week law year.
3d »M<tMo f J a n u a ry .

Burl. 0 «C Rup. AD m MMm-% &
i.%t.j.
WtW&Mt, &
9Utt% A P«re Mwqttett&,.
OiWBI- A PntiinmiMr..
Qmt*& T m rtk —
CtoC) x% Or. T r u n k ..., .
Or, U m r n te MIL.

ToL Sac. &
XjHfitfiMS Olljr A Orutha. .,
__
MiffliBi# A fJiiarliwt«a..
IfoDUe A Birminatkibm, ..
Rio Oraode Stmthera .

1897.

| 1896.

S
$
5,02 L, 190 5,921,986
76,0.13 i
89.750
10.112,
10,9 12
2,088
1,799
m u
1,6‘i l
49,4751
5 4,360
41.074
36,561
55,328
18,712
2.148
1,722
5,801
0,738
21.814
7,80m
7.231

61,200
16.343
2,4.67

1,193
2,383
s,.144
28,3 r«
5,700
7.041

In crea se.

141,272
899
4,513
2,369
529
3,478
2,190

D ecrem e.
%

443,062
14,117
390

'"'TOO
4,885

5,872

“ ■289
1,608
6.544
710

1896.
1895.
1895.
1896.
R oa ds.
$
$
$
Boston A Albany.I;—
915,95S
Oct. 1 to Dec. 31....... 2,32 4,796 2.443.738 1,075,071
Jan. 1 to Deo. 31....... 0,112,210 9,261.983 2,984,259 3,220,466
Boat. Bov. B. A Lynn—
12.792
54.191
7.737
Out. 1 to Deo. 31.......
51,800
92.904
271,728
53,1 L4
245,515
Jail. 1 to Deo. 31.......
1,350,815 1,274,046
Ohio. Bnrl.&Qttln.-b.Doo 2,955,052 2,921,800
.................................................
Jan. 1 to Deo, 31.......34,176.156 33,658,270 13.040,656 12,663,768
Chicago & East, ni.--D eo.
389.006
365.457
188,978
153,434
July 1 to Doo. 31...... 2,007,716 2,137,603
909,594
963,137
Ohio. A North Western—
Jan. 1 lo Doe. 31___ 32,177.153 31,558,629 10,950,228 11,804,827
*18,129
145,300 *105,9«6
54,028
Choctaw Okla. & G . Deo.
216,924
47,296
, 2d 1,227
92,473
Nov. 1 to Deo. 31.
281,253
622,702
215,879
Den. & R Grande, b.. Dec.
567,565
7,238,379 7,291,570 2.901,952 3,159,405
3,769,459 4,032,268 1,536,470 1,836,924Fitchburg.to—
630,334
669,741
Oot. 1 to D eo. 3 1 ....... 1,925,256 2,074,288
7,338,607 7,429,954 2,106,547 2,1.88,817"
51,939
149,757
157,759
35,797
Georgia a . —........... Dec.
1,558,733 1,357,760 1151.447 t333,200
1273,530
784,504 1293,857
July 1 to Doo. 31—
863,499
62,377
13,416
Iowa Central. b ...... Doo.
131.344
160,260
S7.-.729
011.987
Jau. I to Deo. 31...... 1,718,114 1,679,702
947.292
251,383
371.837
July 1 to Deo. 31____
814,681
81,742.
83,494
Laclede Gas-L. Co... Jau.
Deo.93,795
Lehigh Valley BE...Dec;
Deo. 125,671
Ino. 122)977
Iuo.49,177
Lehigh Vai Coal Co. Doc.
671,956
662,639
Louisv, & Nashv. b.,Doo., 1.854,971 1,757,856
20,263,548 19,809,198 6,532,316 6,776,025
10.592,917 10,720,031 3.531,253 3,884.442
411,796
313,490
Mexican Central__ E . 1,015,920
901,594Jan. 1 to Doo. 31..
10,203,020 9,495,886 3,463,747 3,896,475N. Y. Central A Hufl.—
Oot. I to Deo. 31...... 11,668.564 12,407.896 3,771.245 3,964,261
Jan. 1 to Dec 3L. ...44,075,028 41.338,888 14,314,530 13,83 1,002
72.341
U
N. Y.Ont. A West.a .Deo.
278,715 298.2
298,211
72,341
74,574
Jan. 1 to Deo. 31...... 3,858,813 3,726.183
3,726,133 1,120.250
1,120.259 1,063,458
696,517
July 1 to Dec. 31___ 2,126,705 2,047,227
2,047,227
696,517 657,045
N. Y. Phil. & Norfolk—
28,172
Oot. 1 to Deo. 31. ...
203,187
2\631
207,530
201.914
200,231
912,534
Jan. 1 to Doe. 31.......
945,833
880,25 4
203.988
314,727
N orfolk* West’u.a. Deo
981,021
Jau 1 to Doo. 31....... 11,081,806 9,862,017 2.381,861 2.138.451
July I to Dec. 31, . . . 5,417,623 5,241,610 1,185*333 1,2 30,314
177,788
359,337
Oregon HP». A N av,. Dee.
410,019
81,855
103,823
388.380
378,651
Pacific Mail ........... Dec.
80 1,810
610,531
Jan. 1 to Dao. 31...... 3,968.501 4,336,632
592,430
18 2,070
May 1 to Due. 31. . . . 2,630,334 2,893,129
Pennsylvania—
Li ncs J irecti y operated—
East of Pitts AE.. Dec. 5,192,304 5,639,604 1,639,197 1,699,697
Jan 1 to Deo 31...62,096,577 64,027,177 18,203.568 1«,682,888Dec. 178.0JO
Doo. 597,700
Weatof vut,s. ftE..Deo,
Deo.2,061,400
Jan. 1 to Dec. 31...
Doc.3,410,509
AU lines operated—
lo o .
7.000
East of Pitts. AE.. Deo.
Deo. 552.600
1)00.2,217,700
Jan. 1 to Dec. 31...
Dec.3,353.100
Deo 627,100
Deo. 174,200
West of Pitts *15., Dec.
Deo. 3.565,700
Dac.2,028,900
Jan. 1 to Duo. 31...
71,55369,705
Rio Grande Wont. b . Dec.
•203,400
184,931
922,625
821,791
Jan. I to Dee. 31___ 2,402,842 2,392,420
574,007
440,439
July 1 to Dee. 31....... 1,2)4,507 1,349,021
201,783
198,685
503,012
SC. Louis A *an Fr ..Deo.
495,470
Jan. 1 to Dec. 3 t....... 6,099,403 6,Oo5,9)3 2,468,948 2,38 5,557
July l to Dec. 31....... 3,120,935 3,243,398 1,411,394 1,363,(520
51.414
41,907
160,300
Toledo AOhio Cenub.Deo.
160.199
513,945
490,071
Jan. 1 to Dao, 31___ 1,797,601 1,843,447
359,152
211,378
.1my 1 to Deo. $ 1 .......
924,889 1,071,791
3,453 det.33,789
145,439
W . Jersey & SeoaU’e .Deo.
152,818
535,032
028,598
May 1 to Deo. 31....... 1,938,261 1,931,197
66,835
62,639
251.535
West.N.Y.A Penn. b..Dec.
228,186
879,493
Jan. I to Deo. 31. ... 3.036,05 L 3,312,070 1,061,434
632,201
522,337
July l to Doo. 31....... 1,071,137 1,320,5 16
a Net earning* bore given are after deducting taxes.
t> Not earnings hero given are before deducting (.axes.
• Floods iu December, 1885, decreased earnings and increased
expenses then.
I After allowing for other income received net from January 1 to
December 31 was $144,199, against $4)0,932, and from July 1 toDecember 3 1 *325,233, ugaiast *304,906.

Interest Charges and Sarplns.—The following roads, in,
aidition to their gross and net earnings given in the foregoing

F ebruary 6

THE CHRONICLE

lbt.7.]

also report charges for interest, &c., with the surplus or deficit
above or below those charges.
—I n t e r ' l , r e n t a l s . A t . - * — B a t. o f N et E a r n s .- *
1896.
1895.
1896.
1895.
8
R oa d s.
s
*
«
8 7 2 .9 5 4
4 7 0 ,8 4 5
8 8 0 ,0 0 0
4 0 1 ,0 9 2
O h io . B n rl.dt Q u ln o v .D e c
J a n . 1 t o D e o 3 1 ........ 1 0 ,5 6 0 ,0 0 0 1 0 ,4 7 5 ,4 5 3 2 ,4 8 0 ,6 5 6 2 , 1 8 8 ,3 1 3
* 9 6 .7 0 4
1 1 7 ,3 8 5
* 6 3 ,2 5 3
1 1 5 ,7 4 6
C h ic . & E a s t I l l i n o i s . D e c .
6 9 5 ,3 8 2
* 2 9 8 ,4 1 9
6 9 3 ,9 0 5
’ 3 4 9 ,3 4 9
J u l y 1 t o D e o . 3 1 ------1 9 ,0 0 0
3 5 ,0 2 8
C fcoo. O k l. <fc G u l f ___ D e c.
3 8 ,0 0 0
5 4 ,4 7 3
N o v . 1 t o D e c . 3 1 ........
1 9 4 ,2 1 9
2 1 .6 6 0
D e n v e r & R i o G r M e ..D e c .
1 9 4 ,8 2 9
8 6 ,4 2 4
3 6 0 ,4 3 2
6 5 7 ,8 5 3
J u l y 1 t o D eo. 3 1 . . . . . 1 ,1 7 6 ,0 3 8 1 ,1 7 9 ,0 7 1
S t . L o u is & 8 a n F r a n —
3 3 3 ,4 2 4
J u l y 1 t o D e c . 3 1 ........ 1 ,0 7 7 ,9 7 0
3 7 ,8 6 6
3 8 ,1 4 7
‘ 4 ,2 6 6
* 1 3 ,5 4 9
T o l e d o & O . C e n t ........ D e c .
2 2 7 .2 5 3
2 3 4 ,7 6 5
* 5 ,9 9 8
.J u ly 1 t o D e o . 3 1 . . . . .
* 1 2 5 ,9 3 8
* A f t e r a l lo w i n g f o r o t h e r i n o o u ie r e o e iv e d .

STREET RAILWAYS A SD TRACTIO a
X COMPANIES
The following table shows the gross earnings for the latest
period of all s t r e e t railways from which we are able to obtain
weekly or monthly returns. The arrangement of the table is
the same as that for the steam roads—th^t is, 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 calendar year from January 1 to and including such latest
week or month.
STRE ET

R A .I L W A Y S

G ross
E a r n in g s .

A N i)

T R A C T IO N

r o s s E a r n in g s .
jl 8 9 6 - 7 . 1 8 8 5 - 6 .

C O M P A N IE S .

2S3

Street Railway Net Earnings.—The following table gives
the returns o f S t r e e t railway gross a n d net earnings received
-his week. In reporting these net earnings for the street rail­
ways, we adopt the same plan a s that for the steam roads—
that is, we print each week all the returns received that
week, but once a month (on the third or the fourth Saturlay) we bring together all the roads furnishing returns, and
the latest statement o f this kind will be found in the
C h r o n i c l e o f January 23, 1897.
The next will appear in
the issue o f February 20, 1897.
G ross E a r n in g s .—
1896.
1895.
R oa d s.
$
6 ,1 1 7
A t l a n t a R y . ................ D e c .
6 .1 7 1
4 3 .9 1 8
J u ly 1 t o D eo 3 1 . . . .
B r o o k ly a E le v a te d —
O c t . 1 t o D e c . 3 1 .........
4 3 3 ,9 1 4
5 0 0 ,3 2 7
C e n t r a l C r o s s t o w n (N . Y . ) —
1 5 2 ,0 5 4
O o t. 1 t o D e c . 3 1 ........
1 4 7 ,3 7 8
5 4 2 ,0 8 5
J a n . 1 t o D e o . 3 1 ........
5 7 1 , SOL
7 3 ,6 * 9
O hio. <fe So. S id e K .T ..D e o .
6 5 ,4 1 1
7 4 2 ,0 3 2
J a u . 1 t o D e c . 3 1 .........
7 0 4 ,6 4 1

X e t E a r n in g s .-1896.
1895.
$
$
751
1 ,0 6 5 1 0 ,2 3 3

$

1 7 7 ,2 6 6

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

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

C le v e la n d E l e c t r i c . . . D e c .
1 3 5 ,5 7 2
J a n . 1 t o D e o . 3 1 . . . . 1 .6 3 4 ,3 4 1

1 3 5 .8 6 6
1 ,5 0 3 ,-6 2 0

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

F o r t y - S e c .S t .M a u h .& S t .N .A v e .—
O e t. 1 t o D e o . 3 1 . ..
1 7 5 ,2 4 3
M e t r o p ’ n S t.R \ \ ,K C .D e c .
1 4 3 .0 5 7
J a n . 1 t o D e c . 3 1 ........ 1 , 7 7 4 .9 * 0
J u n e L to D e c . 3 1 . . . . 1 ,0 8 2 , * 7 0
9 3 ,5 3 2
T o r o n t o R v .................. D e c .
9 9 7 ,2 7 3
J a n . I to D ec. 3 L .. .. ,

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

2 5 ,5 9 5
6 1 ,9 3 4
7 4 9 ,8 3 )
4 7 4 .6 70
5 1 ,3 8 7
4 8 9 ,5 L2

4 9 ,3 3 8
5 1 9 ,3 9 9

J a n . 1 to L a te s t D a te .
1 89 6 7,

1 8 9 5 6.

*
*
9
9
9 1 ,6 8 6
5 ,7 8 2
6 ,4 5 6
1 6 ,1 8 0 1 5 ,6 7 0
1 9 1 ,2 7 9
1 6 8 ,7 3 3
3 ,9 8 3
3 ,8 2 2
4 9 ,1 7 8
4 6 ,6 5 5
3 ,3 0 9
4 ,6 6 5
2 9 ,2 5 0 - 6 2 , 8 4 8
3 6 8 ,7 1 5 * 4 7 4 ,1 1 2
6 .1 7 1
6 ,1 1 7
1 0 0 .9 5 6 9 5 ,6 7 3 1 ,2 4 9 ,6 6 8 1 ,1 5 5 .3 8 2
2 0 .5 0 3
1 ,4 8 1
1 ,5 8 7
2 0 ,8 H
9 0 ,5 5 3
7 ,0 7 8
7 ,2 0 2
8 8 ,8 7 1
1 0 ,8 9 6
1 2 ,4 3 2
1 4 1 ,7 4 7
1 2 6 .8 9 1
2 2 ,4 1 8
2 2 ,4 1 8 2 1 ,7 0 9
2 1 ,7 0 9
3 1 1 ,2 9 5
1 7 ,3 6 n 2 1 ,0 2 9
2 7 3 ,3 8 1

ANNUAL

R EPOR TS.

1

A k r o n B e d f ’ d & C lev . D e c e m b e r .
A k r o n 8t.Ry.<fc 111. C o N o v e m b e r .
A m s t e r d a m St. R y .
D ecem b er.
A n d e r s ’ D St. R y .( I n d .) O c t o b e r . .
A t l . C o n s o l. S t R y . . . D e c e m b e r .
A t l a n t a R a il w a y ......... D e c e m b e r .
B a lt i m o r e T r a c t i o n . . D e c e m b e r .
B a th S t. R y . (N . Y . ) .. D e c e m b e r .
D ecem b er.
B a y C it ie s C o n s o l —
B in g h a m t o n S t. R y .. . D e ce r n b e r .
B r i d g e p o r t T r a c t i o n J a n u a r y ..
B r o c k t o n C o n . S t. R y. D e c e m b e r .
B r ’ k ly n R a p .T r . C o .—
B r o o k l y n H e i g h t s . . J a n u a r y .. . 3 3 9 ,7 6 2
B r ’ k ly n Q u ’ n s Sc Sat- J a n u a r y .. . 5 3 ,1 2 8
T o ta l fo r sy stem
J a n u a r y .. . 3
: 9 2 ,8 9 0
B n fl a l o R y ...................... S e p t e m b ’ r.
C h e ste r T r a c t io n .. . D e ce m b e r .
1 4 ,9 7 7
C h ic . A S o. S id e l i.T
D e e m b e r . 6 3 ,4 1 1
1 .6 9 9
C it y E l e c . (R u m e .G a .) D e c e m b e r .
C l e v e l a n d C it y R y . . . A u g u s t ___ 1 1 3 ,3 * 4
C le v e la n d E l e c t r i c . . . D e c e m b e r . 1 3 5 .5 7 2
C l e v e . P a in s v .A E ___ D e c e m b e r .
4 ,9 9 3
C o lu m b u s S t. R v . (O .) 3 d w k J a n . 1 0 ,6 3 2
C o n e y I s la n d at B ’ ly n . N o v e m b e r . 2 1 ,8 6 3
C o n s o l. T r a c t i o n . N.J S e p t e m b 'r .
D a n v . G a s EL L ig h t A
S t r e e t R y .................... N o v e m b e r .
9 ,2 0 9
D e n v e r C o n . T r a m w . D e c e m b e r . 5 7 ,8 9 7
D e t r o i t R y ........ ............. D e c e m b e r . 3 4 ,8 4 2
D u lu t h S t. R y . ........... D e c e m b e r . 1 6 ,2 5 5
E r ie E le c . M o t o r C o . . D e c e m b e r .
1 1 ,3 1 7
G a lv e s t o n C it y R y . . N o v e m b e r . 1 6 ,6 3 2
f l e r k l m e r M o h a w k Xiio n A F ’ k fo r t E L R y D e ce m b e r .
3 ,7 6 5
H o o s lc k R y . ........... . . . D e c e m b e r .
5o9
H o u s t o n C it y S t. R y .. O c t o b e r . ..
1 8 ,7 1 4
I n t e r s t a t e C o n s o l, o i
N o r t h A t t l e b o r o . . . D e c e m b e r . | 9 ,8 3 7
K in g s t o n C ity R y ........ D e c e m b e r .
4 655
L e h ig h T r a c t i o n .......... D e c e m b e r . 1 9 ,6 5 4
L o n d o n 8 t R y . (C a n .) . D e c e m b e r .
7 ,6 8 5
L o u is v i ll e R a i l w a y .. . A u g u s t . . . . 1 0 3 ,0 6 1
L o w e l l L a w . Sc H a v .. D e c e m b e r . 2 9 ,0 9 4
L y n n Sc B o s t o n ............ 3 d w k J a n . 2 0 ,4 9 7
M e t r o p . ( K a n s a s C it y i 1 s t w k J a n . 2 d .a 1 4
M o n t g o m e r y S t. R y
D ecem ber.
4 ,6 9 5
M o n t r e a l S t r e e t R y .. . D e c e m b e r . 1 0 3 ,1 1 6
N a s s a u E le c . (B ’ k ly n ) D e c e m b e r . 1 1 7 ,9 9 6
N e w b u r g h E l e c t r i c . .. D e c e m b e r .
t a ,1 6 0
N e w E n g la n d S t .—
W i n c h e s t e r A v e ___ D e c e m b e r . 1 5 ,3 8 5
P l y m ’ th & K in g s t o n D e c e m b e r .
2 .0 9 3
T o t a l .......................... D e c e m b e r .
1 7 ,4 7 8
N e w H a v e n & C e n tre v O cto b e r. ..
4 ,5 6 2
N e w L o n d o n St. R y .. D e c e m b e r .
3 .0 8 2
N e w O r le a n s T r a c t io n D e c e m b e r . 1 0 9 .9 3 0
N . Y . Sc Q u e e n s C 'y . . . D e c e m b e r . 2 6 .5 2 5
O g d e n s b u r g S t. R y .
1 .2 9 4
D ecem b er.
P a t e r s o n R y ................ D e c e m b e r . 2 5 ,3 6 5
P i t t s b . F t .S u b . E l.R y . N o v e m b e r .
1 ,3 2 1
P o ’k e e p s l e Sc W a p p . F. D e c e m b e r .
6 ,0 6 5
R a p id K y . ( D e t r o it ) ., S e p t e m b ’ r.
8 ,4 2 0
R o e ties t e r R y ........ ....... D e c e m b e r . 7 4 ,2 6 i
S c h u y lk i l l T r a c t i o n . .. D e c e m b e r .
8 ,3 8 8
B c n u y lk ill V a l. T r a o . D e c e m b e r .
4 , Lb3
S c r a n t o n Sc P i t t s t o n .. D e c e m b e r .
5 ,5 8 2
S c r a n t o n T r a c t i o n . . . D e c e m b e r . 3 2 .6 4 8
S e c o n d A v e . (P itt a b .) D e c e m b e r .
3 8 .5 72
S i o u x C it y T r a c t io n
N ovem ber.
6 ,1 8 3
S y r a c u s e E ’ s t -S id e R y D e c e m b e r .
2 ,7 0 9
S y r a c u s e R a p . T r . R y . D e c e m b e r . 3 3 ,9 6 8
T e r r e H a u t e E l ’c . R y . O c t o b e r . . .
1 2 ,4 5 0
T h ir d A v e . (N . Y .)
S e p t e m b ’ r. ___
T o r o n t o R y ................... J a n u a r y . .. 7 4 ,5 4 6
T w in C it y R a p . T r a n D e c e m b e r . 1 7 1 ,5 2 3
U n io n (N . B e d f o r d ) .. . D e c e m b e r .
1 6 ,4 2 2
U n it e d T r a c t . (P r o v .) D e c e m b e r . 1 4 2 ,2 1 6
U n it. T r a o . (R e a d in g ) D e c e m b e r .
1 3 ,1 0 7
W a k e fie ld Sc s t o n e . . . D e c e m b e r .
3 ,6 8 2
W a t e r b u r y T r a c t i o n . . D e c e m b e r . 2 1 ,7 7 0
W h e e lin g R a ilw a y .
D ecem b er.
1 4 ,8 1 7
W ilk e s b . At W y . V a ll e j D e c e m b e r .
4 5 ,4 3 9
W ilm in g t o n St. R y . .. S e p t e m b ’ r.
3 ,4 5 8
W o r c e s t e r C o n s o l........ O c t o b e r . . .
4 0 ,1 0 9
W o r c e s t e r S u b .S t. R y . i S e p t e m b ’ r. 1 4 .2 9 1

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

3 3 9 ,7 6 2
3 3 3 ,6 4 1
5 3 ,1 2 8
4 8 ,8 0 4
3 9 2 .8 9 0
3 8 2 ,4 4 5
1 .0 3 1 ,2 3 7
9 8 5 .7 9 9
2 0 6 ,3 41
2 0 4 ,5 7 1
7 0 4 ,6 4 1
7 4 2 ,0 9 2
..............
2 0 ,5 2 4 !
7 6 2 ,6 4 4
6 8 8 ,1 8 8
1 ,0 3 4 .8 1 1 1 ,5 0 3 .6 1 9
...............
...............
3 1 9 ,6 3 4
3 5 8 ,0 6 *
2 ,0 9 2 ,7 5 6 1 ,8 6 9 ,6 3 5
7 2 4 ,5 1 1
4 2 1 ,067
2 2 5 ,9 '2
1 5 0 .5 0 3
1 9 6 ,2 5 5

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

i 7 ,3 4 6

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

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

8 ,9 3 6
4 ,4 0 1

1 2 3 .8 5 7

7 1 6 .0 3 9

3 ,8 5 2

1 5 ,4 0 5
2 4 4 ,4 0 8
2 3 1 ,9 4 5
2 ,0 9 5
3 0 ,4 7 2
3 3 ,5 iO
1 7 ,5 0 0
2 6 2 ,4 1 7
2 7 7 ,9 2 8
4 ,7 6 9
4 7 ,3 6 4
4 0 ,2 V2
2 ,8 9 0
5 3 ,4 2 9
5 1 ,2 4 1
1 2 1 ,3 7 2 1 ,3 2 2 ,8 2 * 1 ,3 4 9 ,0 5 8

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

1 7 ,4 4 4
3 1 9 .0 b ?
1 4 ,4 4 2
8 6 ,1 3 3

Volume 64.
R 4 1 L H O A D 8 AN D M lS C E L . C O ’ S.

V o lu m e 6 4 —
P a g e.
A tla n tic A P a cific............................ i7«
-----------231.
C h icago St.
P. M. & Omaha.
.. 231
D elaw are A H u d so n C a n a l.
D elaw are Lack. A W e ste rn — .. 231
E dison E lectric 111. o i B rooklyn .. 231
E d ison E lectric 111. o f N ew Y o r k .. 231
__ 231
G eorgia R ailroad..
.. 173
G reen B ay & W estern
Ph lia. W ilm in gton As B altim ore .. 178
.. 230
P ittsburg A L a k e Erie ..
W e ste rn M aryland ------.. 178
S t r e e t R v ie w a v s .
V o lu m e s 6 3 a n d 6 4 —
P a g e.
A k ron B rad ford & C leveland R R . 1 7 8
B a ltim ore City P a ssen ger R y ...1 7 7
B rockton C o n s o lid a t e d ............. u»o*
B rook lyn E le v a te d .......................— .SO
B rooklyn R apid Transit....... ............ S O
Buffalo R y ....................................... 1150

St r e e t R a il w a y s — (O o n .)
V o t limes 6 3 a n d o 4 .
C h icago City Rv .............................. 1 7 6
C h icago & So. Side R. T ..................1 7 7
C olu m bu s Street R y ...........................2 3 2
G lo b e St. Rv. (Fall R iv e r ).................iO0L
Lake St. E levated, C n ioa g o...........1 7 7
L eh igh T ra ctio n o f H u le t o n , P a .2 3 2
Low ell L aw ren ce & H a v e r h ill....... lOdl
L ow ell A S u b u rb a n .............................1001
L yn n A B o s t o n ................... ...1007,1113
M ontreal S tr e e t................................... S O
N ew O rleans T raction ( L t d .) ....... 1 7 7
N orth C h icago St. R R ..................... 1 7 6
N orth S hore T raction .................. ...1113
R o ch e ste r Ry .........................................905
Springfield (M ass.) St. R y ................ 1061
U nion St. Ry. (N ew B e d f o r d ) ....... 1061
U niou T ra ctio n Co.. P hil. ..............
U nited T ra ctio n , R eadin g, Pa . . . 1 7 7
W e s t C h icago St. R R ..................... 1 7 6
W e s t End at. R y . (B o s t o n ) .............. 906

~

-

"■ *•

.,..1060

Chicago <fc North Western Railroad.
( Statem ent fo r calendar year 1896.)

In our editorial columns will be found a statement covering
ihe operations of the company for the late calendar year.—
V. 63, p. 289, 309, 311.

Central Railroad Company of New Jersey.
CReport f o r the year ending Die. SI, 1896.J

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

■,416
2 5 ,5 6 8

.Vnuaal Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which hive been published since the last editions
of the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s ,
This index does not include reports in to-day’s C h r o n i c l e .
N o t e . — Full-face figures under street railways refer to

2 9 3 ,6 9 L

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

9 2 ,5 6 6
4 8 ,6 6 6

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

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

1 3 7 .7 6 4
1 2 0 ,7 7 1
2 ,0 0 0 ,8 5 8 1 ,9 9 8 ,7 2 3
7 3 ,9 7 0
7 3 ,9 7 0
7 4 ,5 4 6
168 41S 2 ,0 3 7 ,9 3 3 1 ,9 6 1 ,7 7 0
1 8 5 ,9 6 0
1 6 .0 0 8
2 0 8 ,6 9 3
1 3 8 ,6 8 1 1 ,7 2 3 , 1 3 ) 1 .6 3 3 ,7 1 2
1 6 ,3 9 J
1 8 9 ,4 9 3
1 8 8 ,3 9 6
3 ,7 6 *
5 6 ,8 5 7
5 5 ,5 2 7
2 2 ,7 8 9
2 4 5 ,3 6 3
1 1 .7 0 2
1 6 7 .9 9 3
1 4 9 .0 7 9
4 3 .0 9 9
4 5 0 ,2 0 4
5 0 7 ,2 8 9
3 .0 9 2
3 9 ,0 4 * .
.... ...
.......

The annual report, like that issued last year, is merely a
four-page circular, President Maxwell’s remarks being con­
fined to the following:
“ The gross earnings for the year aggregated $13,117,350, as
against $13,568,023 for the year 1895, a d-crease of $150,673,
which, together with an increase of $23,514 in the cost of op ­
erating, has resulted in a decrease in the net earnings of
$474,137 as compared with the preceding year. The opjraiing
expenses, as heretofore, cover ail expenditures for repairs,
charges for reduction in value of equipment and other prop­
erty, and also include expenditures for renewals of bridges,
buildings and wharves, substitution of heavier rails and otner
construction. The charges to capital account for the year
amounted to $658,704, representing disbursements for con­
struction of new railroad, sidings and connections, and pur­
chases of land, equipment, etc. The net result of the business
of the year, including income from investments, after provid­
ing for the payment of 5 per cent in dividends o i the caoital
stock, was a credit to profit and loss account of $271,415.”
Results for four years and general balance sheet have been:
S U M M A R Y O F EA R N IN G S A N D E X P E N SE S.

(tnoludiug N ew York
1899.
R eceip t.*—
.$
G r o s s e a r n i n g s ........ 1 3 , 1 1 7 ,3 5 0

&

Long Branok Division.)

1895.
t
1 3 , 5 8 8 ,0 2 1

1894.
*
1 2 , 6 5 9 ,9 1 1

1893.
9
1 1 ,9 6 7 ,9 5 6

8 ,2 9 5 ,0 5 3

8 ,4 3 8 ,3 0 5

9 , 1 1 7 ,0 0 2

5 ,2 7 2 ,9 6 9

4 , 2 2 1 ,6 3 6

5 ,8 5 0 ,9 0 4

Operating expenses
aud t a x e s ....

8 ,3 1 8 ,5 6 1

In c . fro m in v e s t­
m e n t s & p r e m iu m
T o ta l n e tin o o m e . 6 ,o 6 7 ,3 l2
P a ym en ts —
In terest on bon d ed
a n d o i l i e r d e o t . . . 3 ,0 3 0 .0 1 9

R en ta ls

................. 1,611,048

D i v i d e n d s ................ ( 5 ) 1 ,1 2 4 ,8 5 0

F ig u r e s w e re e t c e p 'i o n a l In 1 8 0 5 o n a c c o u n t o f A t la n t a E x p o s i t i o n , |
t L a r g e b u s in e s s In D e o .. 190.5, d u e t o b o y c o t t o n c o m p e t i n g lin o s .
J D e c r e a s e In e a r n in g s d u e t o f a c t o r i e s b e i n g s h u t d o w n .
J

T o t a l p a y m e n t s 5 .7 9 5 ,9 2 7

1 ,2 0 1 ,5 7 6

1 ,1 4 1 ,3 9 7

1 , 0 2 3 ,5 3 5

6 ,1 7 4 ,5 4 )

5 ,1 6 3 ,0 3 3

6 ,3 7 4 ,4 3 9

2 ,9 5 5 ,1 3 8
2 ,3 7 3 .5 89
2 ,8 1 9 ,2 7 9
1 , 8 9 3 ,3 7 0
1 .6 9 1 ,0 9 1
1 ,5 5 7 .3 5 6
(7
)
1
,5
7
4
,7
9
0
(
7
)1
, > 7 4 .1 4 3
( 5 ) 1 ,1 2 4 ,8 5 0
5 ,7 7 1 ,1 0 7
s u r .7 0 3 ,4 3 8

6 ,0 0 5 ,7 3 5
d e f .6 1 2 ,7 0 2

6 , 3 0 9 ,7 9 3
s n r .5 6 4 ,6 4 7

THE CHROMt LE.

2 -4
balaxox

a 31.

, > i » r r oboi

1*90.
<M»1 tppurtentBOM. ta e l.)

7 .0 7 3 .1 >5
1 3 .5 H .3 7 4
3 0 1 .3 18
8 , 5 1 3 ,1 3 *
1 .8 1 3 .711
3 7 3 .3 3 7

3 3 .3 0 1 .1 1 0 3 1 .9 1 1 .1 1 3
3 .7 1 8 ,8 1 *
3 .7 2 0 ,1 1 9
1 1 .0 0 3 ,0 5 0 1 1 , 1 0 5 . 3 * 5
7 .7 3 1 51 3
7 .7 3 2 ,5 1 3
1 1 .8 1 3 ,3 0 9
1 5 .1 0 1 ,3 9 9
8 * 6 .5 1 1
9 1 1 .3 1 6
1 . 9 8 5 .0 9 1
3 .3 6 5 .0 3 0
1 .7 1 3 ,7 1 7
1 , 5 1 5 .1 1 5
3 3 1 .5 2 1
3 2 3 ,3 1 7 ,

8 2 .8 0 3 .1 0 3

8 2 .0 0 9 .0 9 7

8 0 .3 0 9 , 0 1 1

3 1 .1 9 7 ,0 0 0

2 2 ,1 0 7 .0 0 0

2 2 . 1 9 7 .0 0 0

5 0 ,0 0 0 .0 0 0
3 0 7 ,1 0 0

5 0 . 0 0 0 .0 0 0
3 0 7 .1 0

4 8 .3 5 6 . 0 0 0
3 - > 7 ,l 0 0
8 0 0 ,0 0 0

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

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

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

8 2 ,0 0 8 ,1 6 9

8 3 . 0 9 9 ,0 9 7

8 0 .3 6 9 ,0 4 4

im r c b A a e t l i » » « . . . . . . . . . . . . . > 10,314,031
Ollwr property and » » 1 « i * 5 « '

O x i e l « q i l p a ‘ l > » f b » n t ^ ■* 1 1 ,3 3 1.5 r s
8 l V * * o t * M » r «h : u u a u I<w o n ' i l
II a U « f a i h - r « > « . > « 4 l« * o i l ' l l

C u l a a t)*fi i . . . . . . . . . . .

.....

D w l r o t »< «o U .o .inpAnt-w sio

BUI. n * - l r a!>1», A e .............
K t le t U li sad »api> le . . . . . . . . . .
T oU l

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

tMIMio —
Capital il**t..... .................. .
Fund'd dolt!

imn>

I kvestob V

• o r r u i i s i l . . . .......... ................

Real nalata bond, and m rw .g 'a

Temporary lo a n * ........ ............. . .
C a rro t r u b UabllltlM for wage i,
H N U H , A c ........

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

Interval anti rental* due ...........

▲sorue-1 rh.rgea, A c.. lno. taxes

Oonil agent fund .........................
Profit and loas ........... ............. —
-V

T o t a l .............. ..
12, p. 3 * * . 300.

•

•

*
ISa

1891.

1898.

Oregon Improvement Company.
( S ta te m e n t f o r th e y e a r e n d in g N o v . SO, 1 8 0 6 .)
W e h a v e b » e n fa v o r e d w it h th e O g u - e s o f o p e r a t io n s fo r
th e late d eca l y e a r a n d h a v e c o m p ile d th e m in c o n p a r i s o n
w ith th e r e m its fo r e a r lie r y e a r s as b e lo w .
In c o n n e c t io n
w ith thia sta te m e n t sh o u ld b e rea d th e r e p o r t o f E x p e r t
T h o m a s L . G r e e c e in V . 02, p. 1084.
GROSS KARSINOS.

T o t a l . .......................

1893.

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

1894.
$
2 ,4 7 8 .9 3 6
1 1 8 ,1 4 7
3 2 4 ,- 3 7
4 0 ,2 6 1
6 7 8 ,2 6 1
1 0 2 ,3 2 8
4 ,5 2 2

2 ,5 3 6 ,3 J1
1 8 1 ,9 1 9
3 4 6 .9 1 6
5 7 ,7 6 5
1 5 ,2 4 6
6 9 1 ,1 7 5
4 5 ,8 3 0
1 3 ,2 2 5

. 3 .2 2 1 ,6 2 1
3 ,2 5 8 ,5 0 3
WET EARNINGS.

3 . 7 5 8 .4 0 3

3 , 8 9 8 ,4 1 8

1896.
T s a r e n d i n g N ov. 3 0 —
#
P a o tflo C o mat 8 8 C o .......... . 2 ,2 7 5 ,2 3 4
P a c i f ic (" o a « t R y C o .......... . 1 1 7 ,2 5 9
C o l. & P n , o t 8 . R R C o ... . 2 6 0 ,1 5 4
3 9 ,7 9 2
A N o r. R y . C o ___ .
P ort T o w n s e n d 8 . R R C o.
1 0 .4 3 1
C o a t D e p a r t m e n t ................ . 4 3 7 .7 7 5
B t e * m e r » ................................. .
7 9 ,1 3 5
1 .8 4 1
I a n d # , flu m e * , e t o ..............

11,111

8

1896.
$
r a e t flp C o a s t .**. C o .......... . 1 0 8 .5 2 6
1 3 ,0 3 7
P a o lfle C o a s t R y . C o ........ .
C ot. A P u g e t 8 U 3 . C o. . . 1 2 3 .7 3 8
1 3 .2 9 8
8 eatt!<* A N o r t h . R v . C o .
P o r t T o w n s e n d 8 . R y . C o ..lo s s . / J .760
C oa l d ep a rtm en t
........ .. 1 2 6 .2 6 4
8 1e a r n e r * ................................ .
L * o d d e p a r t m e n t , e t o . . ,lo » a . 2,427

1 6 7 ,1 2 2
2 4 ,7 9 8
1 3 2 ,2 7 7
1 1 .5 7 7
93*7
1 1 1 .8 5 3
3 ,6 6 3
c,Q43

1894.
$
4 0 3 ,9 4 3
2 4 ,7 7 1
1 5 1 ,1 2 2
5 .2 1 2
i o .SSq
1 6 2 ,1 0 9
2 4 .6 5 9
3,680

1893.
$
4 3 3 .2 6 3
5 9 ,6 6 2
1 3 7 ,2 8 3
1 2 ,9 3 3

T o t a l . . . ............................ .
G e n e ra l e x p a n d t a x e s .. .

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

4 4 0 .0 3 0
5 0 ,1 1 3

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

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

B a la n c e f o r o h a r g e s .......... .

3 5 4 ,2 4 0

3 8 9 .9 1 7

6 9 7 ,4 5 1

7 4 7 ,0 6 4

Baltimore Chesapeake

&

1895.

8

1^,028
1 7 3 ,< '5 2

112

480

Atlantic Railway Company.

OKU KRAI. BALANCE SHEET ADO. 3 1 , 1 8 9 6 .
L iu b iittis * .
A tte lt.
C om m on s t o e k
____ $ 1 , 0 0 0 ,t o o
H r ., $t 'in n e r H ues a u d
1 ,5 0 0 ,1 0 >
e q u ip m e n t .................... $ 3 ,8 3 3 ,2 1 0 P r e t s t o r k c u m ., 5 p . c
IOO F irst m o r t . 5 p o . . . . .
l,2 5 (> ,o o 0
a le c k s o f o th e r c o s ..
1 8 ,2 1 1
A c c r u e d in t e r © -t
3 1 ,2 5 0
H ill* a n d a e o 'l a r e e e lv .
3 4 .0 4 9
2 .8 5 3 A o o o u n t s p a y a b l e .........
•1u te r iu U o n h a n d — .
I n d i v i d u a l s a n d com . .
1 .3 0 6
1 4 .3 7 2
D u e b y .g e n t s . . .
5 ,9 9 8
P r o f it a u d lo e a ...............
9 4 ,1 0 5
I n s u r a n c e p a id in n d v .
3 0 .6 8 7
C a s h o n h a n d .................
T o t a l ..................... ........... . $ 3 ,9 1 1 , 4 3 0
—V . 6 2 , p . 2 7 4 .

“ T h - e n t i r e e q u i p m e n t h a s bt e n m a i n t a i n e d i n f i r s t - c l a s s
c o n d i t i o n , w h ile t n e r a i l w a y is in b e t t e r c o n d i t i o n th a n a y e a r
ago
I m p r o v e m e n t in g e n e r a ! b u s in e s s , a n d e s p e c ia lly a n
i m p r o v e d - n t in t h e p r ic e s i f
m a r k e t p r o d u c e , m u s t tn C fe a .s e v e r y m a t e r i a l l y t h e c o m p a n y ’ s r e c e i p t s w i t h o u t c o r r e ­
s p o n d i n g i n c r e a s e in t h e e x p e n s e s . "

E a r n in g * — T h e ear ing<, bal t o c e sh e e t, e t c ., h a v e
c o m p ile d f o r th e C h r o n ic l e as f o l l o w s :

b .e n

a i R js i.s o s . x x r x s s E S a s k c h a r g e s .
JT«i r n i ft (/•—-

............. ..
f r* a ll’ .......................... .
M a il, c i p r p M , « | c . ........

Total........ . ..............

Kjf**>%**0—

Traowpor* mtlon___ . . . .
E q u ip m e n t...................

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

Genera], H e .................

T o ta l..,,.................
Net n ir e ln ir f............... .
MUceiUneou* Income.

Total. . . . . ...............
Internet on bond*.......
Katerent aad dla- o u o t.
T o t a l . . . , ..................
urplun ............. ..............

1890.
$ 1 0 6 ,4 6 3
2 7 1 ,6 6 0
5 9 .5 8 1

1895.
$ 1 0 2 ,1 7 7
2i<4 .1 01
5 7 .8 7 0

$ 1 9 7 ,7 0 7

$ 5 1 4 ,1 0 8

$ 2 1 4 ,1 9 4
3 9 ,5 1 0
80, f l
8 9 ,3 0 3

$ 2 4 1 ,3 9 0
2 7 ,6 9 8
2 5 ,0 8 5
9 0 ,' 29

* 4 0 9 ,9 3 7
$ 3 7 ,7 7 0
829

$ 3 8 4 ,3 0 2
$ 1 2 9 ,8 0 6
H80

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

$ 1 3 0 ,4 9 1
$ 6 2 ,5 0 0
242

* 6 2 .5 0 0
$ 2 6 ,0 9 9

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

T o t a l ................................... $ 3 , 9 1 1 , 4 3 0

> atlo n al Railway Company (St. Louis).
( R e p o r t f o r th e y e a r e n d in g

D ec 31, 1 8 9 6 .)

* C n i c i g o E ‘O lo r n is i” q u o te s th e r e p o r t in p a rt as f o l i o v s :
Notwlth«t.iodiQg til* g r e it depression o f business which has gen­
erally mIIco ed street r *11w ay prope ti-*s, ea isinir a shrinkage in re­
ceipts. we reuort an Inoreas - o f 8 per ce it over H 9 5
This In a m oisure was oaused by the op e.ritlm of oue line f i r tw .-lve months in
189n and onlv five mouths in l 995.
The results from the Citizens* K iliw iy folly dem onstrate th » wisdom
o f oh m id *g from oahle to eleotrioity. Th re w is e m e n d e d fo r bet­
terments nod addltloos $15 9<0
The equipm ent and tragic of this
line are not excelled l i the whole oo iutry. Ou the Cass A .vem e 8c
Fair Grounds line $• 6.438 was expended for betterm ents and addi­
tions Its c trs and tracks h ive b^e*t tho Ymirhly renovated and re­
paired and th* cost lias been Included In operating expanses. On the
Broadway Hue there was no charge to the a ld itio •of the betterm ent
account. The tracks and oars were thoroughly repaired aud the oost
iuoluded In o. erati g expenses. The Southwestern *tv line was tem
porarllv crippled by the cyclon e, but notwi hstandiug ih* toss sus­
tained its interest has b en paid and a sma 1 p oflt earned Hie B idea
A 8r. Louis KR. showed a reasonable increase, with every prospect
for better results
The ear due over the am ounts paid for dividends bv the several oorapai le* has been used partly tow *rd the pavm ur.s o f betterm ents and
partly lu cash and bonds in the treasury. E roep the am ount o f
©35,334paid fo r betterm ents aud aldU iou* all other expenditures on
the properties have been oha -e d to operating expenses. Chore has
been no sum spared th *t oju II o j dee ue i n e c o -s ir for put lug all
the property in flrst-clasi oou lition. both the traok and equip ueat.
There a e still in the treasury 20 » sh ires o f the oaoital stock o f the
Nati mal Oo up any, and m ere are outst mdl g 21,795 sh ire?*.
E a r n i n g s . — T u e e a r n in g s , e c . n iv-? »e •;n a* f >11.) v s :
1894.
1898.
18P5
1893.
Passengers carried. .. ...3 0 ,3 7 9 ,6 6 9 28 029,177 27.006,635 28,313.504
Car mites ................... ..1 2,32 4,24 6 11,445,075 11,443.890 11,811,031
$
$
$
*
Gross receipts.............. .. 1,522,273 1,10 4.9 *7 1,353,1 36 1,416.817
893,518
851,951
Expenses .....................
821,315
776,5S2
Net...........................
Int., taxes, lusurance . . .

3 7 /.4 1 3

682,64 1
306,58 7

570 554
337,685

5 31,963
309.68 J

Surplus galas........
Profits on stk. controlled.
Other iu c o m e ...............

209.092
19,565

210,05 >
179.141
19,565

218.9 i9
196.859
............

255,282
199,917
.............

T o ta l........ ...............
Dividends paid .. . . . . .

14 *,770

198,700
148.770

19o,859
154,0 JO

199.947
154,000

42.8^9
45,9*7
7 9 .8 «‘f
49,930
S u r p lu s .............. .
b-85%
Earned on oulstaud’g stk.
9 ’ 22%
80
9-0894
T h e sta tis tic s o f o p e r a t im a r e a s fo llo w s
4— Exp. per Oar Mil*. — *
4—1*. ct. o f Op Exp.
C iblc.
Electric.
Cable.
Electric.
1 2*.)2 CIS.
1896........................... .
59 4
8-00 ots.
11-ao ots.
1895.......... ...................... 5 6 0
59*5
8 4 1 ots.
—V. 62, p. 274.
C h i c a g o P e o r i a & S t . L o n i - U R . C o.
( S ta te m e n t f o r th e y e a r e n d in g D ec. 31, 1 8 9 6 .)

( R e p o r t f o r th e y e a r e n d in g A u g . S I, 1896. /
P re s id e n t J o h n E. S -a r le s sa y s i i p i r t :
“ T he bu sin ess o n th e P e n in s u la has b e e n la r g e ly c u r t a ile d ,
n ot o n ly by th e u n iv e rsa l d u lln e s s in tra d e , b u t p a r tic u la r ly
o w in g to the e x tr e m e ly lo w p r ic r s f o r p r o d u c e , w h ic h c o n ­
s u l u - - - the b u lk o ' o u r b u - i i e s s .
Cne c r o p s , w it h th e - x e e p tio n o f fr u 't , h a v e been g e n e r o u s , b u t d u r in g a la r g e p a r t o f
th e season p r ic -s w ere s o 1 >w t h a t th e c r o p s w e r e in m a n y in s ta n c s le ft u p o n the g r o u n d . T h e r e is still i i th e lo w e r P e n in s u lt s w e e t p o ta to e s e n o u g h t o lo a d o u r ste a m e rs fu ll f o r
t w o m o n th s o r m o re , b u t at 4 0 c. to 50o. p er b a rre l, th e n rice
a t w h i-h th e y h a v e s l i d th is se a so n o n th e w h a r f at B t lt irn'ire, th e re i- n o in d u c e m e n t t o sh ip th e -n . W it h n o r m a l
v a lu es th e bu siness o f t h - c u n p a n y w o u ld h a v e s h o w n a v e r y
la r g e I n c r -a s - o v e r th e p r e c e d in g y e a r.

[You LXIV.

T h e a o n u tl m e e iio g w as h e ld as th e C h ic a g o o ifi ;es o f t he
c o m p a u y , M m a d n o c k B u ild in g , F e b . 1. T o e f i l l » v i a g o f t ic rs w e r e r e -e le c te d fo r th e e n s u in g y e a r ; F. W . H u i i ^ k o p e r ,
P r e s id e n t; C . H . B o s w o r t h , V iu e * P r-sid e Q t a i-l G * a e r i l
M a n a g e r ; Charle.s D
M oy er, S e c r e t a r y a i d
T r e a s ir e r ;
C ra v a th & H o u s t o n , C o u n s e l; B u f o r d W ils o a , G m era l S o ­
lic ito r .
T n e f o llo w in g s t a t e m e n t s h o w s th*» r e su lts o f o p e r a t io n fo r
«h e t w e lv e m o n t h s e n d in g D e c . 3 1, 1898:
G ro ss
e a r n in g s .

O p e r a ti n g
ex p en ses.

*8H7, W40
$625,184
- V . 63, p. 791.

N et
e a r n in g s .

T a xes a n d
rent U .

$272,756

$72,703

N et
reven u e.

$20i',053

Cleveland Painesville & Eastern Railroad.
( Statement of Jan. 1,1897.J
F o r th e s ix m o n d is e n d in g D e o 31, 1896, th e g ro ss e a r n in g s
w e r e $ 3 3 ,3 7 9 ; p a -s in g e r s c a r r ie 1, 3 3 3 ,8 3 3 ; m ile a g e , 10 1 .3 3 ),
D a ily a v e r a g e rece ip ts, $ H 3 ; u v e n g a per p t s s m g e r , 14 5
c e n t s ; a v e r a g e p er mil*4, 2 ) c e a 's . G * » s e i r a i i g s f r > a ill
s o u r c e s , $33,34 » ; o p r a t in g e x p e r m s (43 p » r c • u ) $16,003 :
n et e a r n in g s , $ 1 7 ,2 t3 ; in te re st o n b o n d s , $ 0 , 2 5 ) ; o t n e r in ­
te re st, $3,830 ; b a la n c e s u rp lu s , $7,192.
T h e tria l b a la n c e o f J a n . 1, 1897, is fu r n is h e d t o th e
C h r o n i c l e jis f o l l o w s :
Liabilities.

Resources.

Track,r’dway a equip. $1,102,445
Treasury boud«............
107,999
Cash.............................
5,043

C a p it a l s t o c k
...............
B o n d * ..................................
B ills p a y a b le ..................

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

B in s r e c e iv a b le ...........
A c c o u n t s r e c e i v a b l e . ..
I n s u r a n c e p r e p a id . . . .
O p e r a t in g e x p e n s e s . . .
I n t . o u flo a t t u g d e b t . .
l u t . o n b o n d s ...................

Accounts payable. . . .

2 0 .8 5 4

E a r n i n g s ............ .................

3 3 ,3 4 0

K on d lu t. a o cru e d . . . .
I n j u r y <& d a m a g e f u u d .

6 ,2 5 0
519

500
235
317
1 6 ,0 8
3 .H 3 0
6 ,2 5 0

T o t a l ............................... $ 1 ,2 4 2 ,6 8 7

Total ..........................

$ 1 ,2 4 2 ,6 8 7

- V . 6 3 , p. 4 5 8 .

American S»da Fountain Company.
( R e p o r t f o r y e a r e n d in g D e c e m b e r 31, 1 8 0 6 .)
P i f s i d e n t J . W . T u ft s in th e r e p o r t sa y s s u b s t a n t ia lly :
“ T h is c o m p a n y , a ft e r y e a r s o f p r o s p e r it y , has s u ffe r e d a
y e a r o f loss, c a u s e d b y a c o m b in a t io n o f c ir c u m s t a n c e s im -

Februabt

THE CHRONLCLE.

6, 1897.

23 >

B A L A N C E SH E E T D E C . 3 1 .
possible to be actually understood by those not familiar with the
1 8 9 ',
1894.
1996.
busimss. There has been a large falling off in sales, while ex ­
$
$
$
penses have not proportionately decreased, because of the R eAasls eetsst—
7 , 2 1 3 .6 4 8
a t e , f a c t o r i e s , e t c . ____ 7 ,7 4 4 ,5 1 7
6 ,8 8 9 .0 1 3
im possibility of quickly,readjusting the business to it3 changed M a t c h e s .................................... ____
4 8 8 ,4 6 6
5 8 4 ,5 5 3
4 9 2 ,6 7 9
1 , 2 7 5 ,4 9 3
8 3 1 ,1 5 2
* 9 7 ,7 8 8
conditions. A readjustment will be effected at once. An Lumber........................... _____
3 9 6 ,4 7 2 )
a in p a g e ....................... ........
3 9 5 ,4 8 8
immense and necessary stock of manufactured goods has been FL onge s8t.............................................
1 ,2 5 6 ,7 4 2
........ 1 ,2 7 6 ,4 0 2
1 , 3 0 3 ,3 3 2 )
accumulated which has and must be disposed of at lower
and
prices than formerly. For this reason the account of stock
2 0 6 ,3 6 i
. ..
2 4 1 ,5 3 7
r a w m a t e r ia l ..................
2 2 7 ,5 38
1 0 /,5 ^ 0
has been taken at lower prices than formerly, which affected M is c e lla n e o u s in v e s t m e n t s . .........
...
7 9 3 ,7 6 7
W El & J . H . M o o r e ............
terribly profits of last year.
6 3 1 .1 9 0
A c c o u n t s r e c e i v a b l e ............. ........
7 8 1 ,0 5 4
8 2 2 ,5 8 7
“ The Chicago business has been consolidated at a heavy B ills r e c e i v a b l e ..................... ____
7 4 .1 9 2
2 3 ,6 9 0
4 6 .8 3 9
1 5 2 ,3 9 3
3 1 7 .8 4 8
3 3 0 ,5 6 1
cost, but an annual saving of $15,000 in expenses will thereby C a s h . . . . . ----------------------------- . . . .
be effected. This fall the Boston business will be consolidated
. . . 1 2 , 5 5 2 ,7 1 8 1 2 ,1 6 2 ,^ 5 8
1 0 , 8 9 7 , '1 5
in the new seven story fireproof structure which the Boston
L i a b i l it i e s —
Beal Estate Trust is constructing for the company on C in­
9 ,0 0 0 ,0 0 0
1 1 , 0 * 0 ,0 0 0
2 5 5 ,9 1 8
2 5 2 ,3 5 1
gress Street, within a block of the new south Union station. A c c o u n t s p a y a b l e ............
____
3
4
5
,0
0
0
B
ills
p
a
y
a
b
le
.................
.
Our lease of this building is for 15 years, controls a deep-water
8 9 9 .3 5 3
9v 7 ,0 * 0
1 .6 4 4 ,7 6 3
S u r p lu s a n d p r o f i t ...........
front and wharf, etc. The building will have 3 fiacres of floor
space. The cost of rental in new building will be no more
. . . . 1 2 ,5 5 2 ,7 3 8 1 2 , i 6 2 9 5 8
1 0 .8 9 7 ,1 1 5
Totals............ . .......
than at present and expenses of operation will be greatly cur­ —V. 6 4 , p . 1 8 0 .
tailed. the saving on the one item of insurance being $5,000
Baltimore Tractioa Company.
annually.
f Report f o * the year ending D tc. 31, 1896.)
“ Dividend payments during the year have largely reduc'd
surplus and the dirtctors have deemed it best not to declare
A t the annual meeting on Wednesday the old directors were
further dividends until the earnings shall justify. It is hoped re-elected. The Baliimore Am erican says:
and expected that a revival of business will enable the re­
T h e P r e s id e n t ’ s r e p o r r r e f e r r e d to tb-5 fl » it.in j o f $ 3 0 0 . ' l l o a v e r t ­
i b le 5 p e r o e n t g o l d h o l d s , to c l e a r u p rh $ fl > i t i n g d$bfc a id f tr b ir
sumption of dividend payments another year.”
Statistics —The following statements show the profits for i n c r e a s e th e f a c i l i t i e s f »r b k x l 'i u g b u i i ss. Th *re ts a *w a o f t ) Ml ig
d e b t . T h e 8 h r e L i u e h a s p r o v e n a v e r y v a lu b l e a o q i l s i t u u . Irnthe late year and for a series of years past, and also the bal­ o r o v e m H iits h i v e b e e n m a d e a t G w y n i O i k P a rk , a n d t b it r e s o r t w ill
b e m a in t a in e d .
Cue r e p o r t s p j $ k s o f th e r e c e n t l y - o li l d i v i d e n d o f
ance sheet of Dm. 31, 1896.

PROFITS.
N e t e a r n in g s f o r y e a r .......................................l o s s
D iv i d e n d s p a l A ........................ .................................

1895.

1896.
* 6 1 ,0 7 9
1 9 6 ,* 7 5

B a l. t o p r o f it a n d l o s s .................... ........d e f. * 2 5

,9

4

* 1 2 1 ,7 2 7
3 0 ,0 0 0
su r. * ! l , ’ 2 7

1 ig p e r c e n t , a n d s a y s :
T h e d e c l a r a t io n o f th is d i v i d e n d w is a g r e e d u p o n w th o m f l l e a t
e x p e c t a t i o n th a t y o u r c o m p a n y is n o w e s t a b l is h e d u p o n a p e r m in e Q t
d iv id e n d p a v i n g b a s is .
T h e p e r c e n t a g e o f lo s s os t h r o u g h a o o i d e n t s t o p e r s o i s a id p - o o o r t y
l a r g e lv d e o r e tse d i n L39 , n o t w it h s t a n d i n g th e ia o r e i.s e in c i.r s e c v . c s
m ile a g e .

The surplus for 1891 was $110,470; for 1892, $110,187; f >r
In 1896 the c i*** m 7 8 2,8 o u il-s and the pisieng-rs cir1893,129 056: for 1894. $53,123; for 1395, $21,727; f .r 1896,
Cue earniugs, etc., have been as
deficit of $61,079: amount of present surplus fund, $36,914, ried numbered 33,6‘7,0‘4
follows :
against $324,868 Jan. 1, 1896.
STATEMENT OF TttEASCBEB FOR TEAR ENDING DEC. 3 1 , 1 8 9 6 .

Liabilities—

A s ie ti—

R e a l e s t a t e ,p a t e n t s ,& 0 * * 2 ,1 4 0 ,7 4 4
C u s t o m e r s ’ n o t e s ............
5 9 6 ,0 0 7
C a s h o n h a n d ....................
3 6 ,3 1 7
A cco u n ts r e c e iv a b le ...
4 7 9 ,6 2 3
M e r c h a n d is e m a n u f a c ­
t u r e d a n d In p r o c e s s . 1 ,2 6 3 ,9 1 9

C a p it a l s t o c k ......................$ 3 ,7 5 0 ,0 0 0
A c c o u n t s p a j a b le (n o t
d u e ) ........
1 5 5 ,8 1 7
L oa n s (u n se cu re d )
to
th e e o . b y i i s m ’ n a g ’ rs * 3 0 2 ,6 3 7
N o t e s p a y a b l e .......
2 1 1 .2 1 2
S u r p lu s f u n d .........
6 6 ,9 1 4

* 4 ,5 1 6 ,6 1 0

T o u t ..........................*4,516,610

T o t a l,

* A f t e r d e d u c t i n g * 2 0 1 ,6 8 0 f o r d e t e r io r a t i o n .
*1 T h e r e a r e * 1 ,0 0 3 ,8 0 8 o f a d d it io n a l l o a n s f r o m m a n a g e r s s e c u r e d b y c u s t o m e r s ’ n o t e s
h e l d a s c o ll a t e r a l — V . 6 4 , p . 2 3 2 .

Diamond Match.
( Report for the year ending Dee. SI, 1896.)
The report shows net earnings for 1896 of $1,226,442, against
$1,457 040 in 1895, $1,373,084 in 1894, $1,359,577 in 1893,
$1,050,979 in 1892 and $302,816 in 1891. At the election of
directors the regular ti ket was adopted, Clarence Bucking­
ham succeeding Edwin Walker. President Barber is quoted
as sneaking at the annual meeting substantially as follows :
General Results.—The company has sold more maiches
than it did the previous year at a larger aggregate profit.
Notwiths anding the mishaps that the company has had, it
has been able to pay its usual 10 per cent cash dividend, and,
in our opinion, will continue to do so out of its earnings.
The company has reduc d its bills payable from $856,663 in
August to less than $100,000 at the present time.
Foreign O perations. —Th? company’s factory in Liverpool
is in active and profitable op'-ration. It looks as if we could
sell all the goods we can manufacture at that place with a
good profit. The company has also secured patents on its
machinery throughout the world, wherever it would seem to
be of advantage, and has pending negotiations In s-veral
European and South American countries for the use of its
machines, out of which much profit is hoped for.
Position as to Com petition. —Your management since 1381
his spent probably $59,000 per annum in p-rfecting its m tcbinery and improving the m-thodi of manufacture. I s
general appliances in cons qu-nee are so perfect that th*
company is producing its matches with 25 per cent of
the manual labor of. any other known process in
the world. With these acknowledged advantages we
feel that the company is in a promising condition.
There has been no time in its bis’ory when its
physical condition has been in such perfect order. Our
relations with our customers througoout the country ar
most pleasant. We fully recignize that the strength of
our position is in maiatainiog low prices of our goods. To
that end, in the last year we h ive given the consumer the
advantage of much the larger part of the reduction io cost.
Assets in Lumber.—We have in the Ontonagon River 125,000,000 feet of pine in shape of logs which is available for sale
—an available asset, we think, of ab ju $1,250,000, which will
be turned into money as rapidly as may seem besr.
fin a n cia l. —Following are the resu’ts for the year.
SURPLUS ACCOUNT.
B a la n c e J m . t . 4 1 9 6 .................................................. . . .
L e s s O n t o n a n o n Urn l o s s
.................... ............
B u r n in g s f o r 1 8 9 6 ................................................... ............
Less d iv id e n d s p a id in 1 8 9 6 .............................................

* 9 0 7 ,0 4 0
1 3 4 ,1 2 9 — * 7 7 2 ,0 1 0
1 , 2 2 6 ,4 4 2
l.lO O .O u u — 1 2 6 ,4 4 2

B a la n c e D e o . 3 1 , 1 8 3 6 ........... ...........................................................

* 3 9 9 ,3 5 2

T ear—

G ro s s
ea rn in g s.

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

O p e ra V g
expen ses,

N et
ea rn in g s,

Fixed,
ch a rges.

$ it L l2 3
6 3 9 .7 0 6
6 2 1 ,0 3 9
6 3 9 ,3 1 7

$ 6 2 3 .3 -» 6
5 3 ) .i3 5
3 8 3 .2 '9
3 7 3 ,5 6 7

$ 4 4 > ,5 1 l
4 1 3 ,0 9 s
3 5 9 .2 4 2
3 3 5 , 2 02

B a la n c e ,
s u rp lu s.

$ l7 r ,8 5
1 2 6 .3 8 7
3 0 .0 3 7
1 8 ,3 8 4

The following facts h iv e been furnished u s :
T h e p r o p e r t y c o n s i s t s o f s t r e e t r a i lw $y H u e s b i v l a g t h e f o l i o v l u g
l e n g t h : E le c t r io ( W e $ tlu rh mis •). 9 2 0 5 m i'e s ; h o r s e . 1*77; e 'e o t r l o .
o w n e d J o in t ly 4 * 2 9 ; to ta * . 9 8 * 1 1 . G a u g e , 5 f e e t 4 * « in o h e s : r a il, g i r d e r
a n d **T,” 6 6 , 7 8 a n d 8 0 p o u n d s
T h e c a r e q u ip m e n t c o n s is ts o f 4 2 8
c a r s , c a b l e a u d e l e c t r i c , w it h t r a il e r s , a n d a f u l l c o m p l e m e n t o f
s w e e p e r s a n d s a lt c a r s .
H o r s e s o n h a n d J a n . 1. 1 8 9 7 , 3 4 .
H ie
a u t h o r iz e d c a p i t a l is $ 0 , 0 0 0 , 0 0 ) , o f
w h ic h $ 5 ,7 5 0 ,0 0 0 h a s b e e n
Is s u e d .

T h e c o m p a n y ’s se v e r a l lo a n s a re s h o w n in o u r S t r e e t
R a il w a y S u ppl e m e n t.
T h e s e c u r it y f o r e a c h is as f o llo w s :
T h e 1 s t m o r t g a g e b o n d s o f 1 8 3 9 a r e a fir s t H en o n t h e o l d C i t i z e n s '
a n d P e o p le ’ s R a il w a y s , a n d t i e i m p r o v e m e n t s t h e r e o n .
T h e N o rth B a lt i m o r e s y s t e m is o o m o l e in iu i t s e l f , c h o u g h o w n e d a n d
o p e r a t e d b y t b e B a l t i m o r e T r a o t i »n O o
The m o rtg a g e c o v e r s a b o u t
3 5 m il e s o f e l e c t r i c r o a d a n d c e r t a in r e a l e s t a t e .
T h e E x t e n s io n a n d I m p r o v e m e n t
b o n d s a re a s e o o a d lie a on
C it iz e n s ' a n d P e o p le 's lin e s .
T h e C o l l a t e 'a l T r u s t b o n d s o f 1 3 9 5 a r e th e d i r e c t o b l i g a t i o n o f th e
c o m p a n y , s e c u r e d b v t h e d e p o s i t o f a ll t h e s t o c k -7 .0 < >
sh a res— and
a ll t h e b o n d s ( $ 3 5 0 ,0 0 0 ) o f t h e P. «fc P. K y . C o ., a ll th e s t o c k —2 ,0 0 0
s h a r e s a n d a ll th e h e a d * ( * 3 5 0 ,0 0 0 ) o f th e B. & C. B . R ' . C o ., a n a 7 0
p e r c e n t o f ih e s t o c k , 1 ,4 0 0 s h a r e s —a n d a ll t h e b o n d s ( $ 1 0 0 ,0 ^0) o f t h e
VV. G . O . A P. K y. C o.
T h e C o n v e r tih e T r u s t b o n d s o f 1 8 3 6 a r e s e c u r e d b y a d e p o s i t o f its
a u t h o r i z e d s t o c k w i h th e M e r c a n t il e T r u s t & D e p s i t C o , o f B a lt i­
m o r e , a s T r u s te e — V . 6 3 , p . I I I * .

GENERAL

IN VESTM EN T

NEWS.

Keorgd iiz »t ons, *?fc. -L a test D ita as to Defaults, Reorlanization Plans, Payment Of Over ins Coupons. E tc.—All
facts of this na ure appearing since the publication of the last
issues of the I n v e s t o r s ’ and S t r e e t R a i l w a y S u p p l e m e n t s
may be readily found by means of cue following index. This
index does not include matter in to-dav’s C h r o n i c l e .
E2F* F or some small street railway companies see index in
C h r o n ic l e s o f Deceiriber 26,1896, atui January 16, 1897.
N o t e .— F u ll-fa c e fig u r e s u n d e r stre e t r a ilw a y s r e fe r

to

Volume 64.
R ulroads

and

M is c e l . C o ' s .

V o tu m r s 6 4 —
P a ge.
B. A O.— P itts. A C o n n e lls v ...co u p . 233
Caoe Pear A Yadkin V a l....... fared . 18 1
C entral O hio ..............................cam. 1*0
Chester A L e n o i r .......... ..........reorg. 18 i
Colum bus & Cln. M id..................com. 18 »
C<il San. A LI . ..r e c -1 s. discharged. 283
Little R ock A M em phis.......... reorg. 234
L o n g I s la n d .......................... control. 234
L oulsv. N A. & C h .sale.234; coup. 231
Ohio S outhern. — ............ tepos its. 181
O regon S hort L in e Sc U. N ___coup. 181
Peoria D eca tu r A E vunay...forec> . v35
P hil. Read. A New Eng., reorg . 181, 235
Q uincy O m aha A K. C .............. sale. 181
St. Clair M adison A S t.L .B e lt.reevr. 181
S u a ro sville H it......................... .recti- 215
U nion Pacific. ...fnrxcL agreem ent. 235
W h eelin g A Lake K. ..reeves,: com . 182
Do
d o ext. A l up. bonds. 233

St r e e t

R a il w a y s .

V o lu m e s 6 3 a n d 6 4 —
P a g e.
B elle Cl* ySt.K y., Racine, W is.reciir. 1 8 0
B urlington la.) E lectric.......fo*ecl. A I
C h atta nooga E le ctric..........control.H U
Chic. A So. Side R. T — plan. 1158, 1 8 0
C o n . S t . R y . . G . R a p . , M i c h . 1115, I S O
E n g le w o o d A C h icago E le c .reevr. 1 8 0
K la g s C iu n t y B le v .. .defau lt; com. S 3
Lake Street Elev. (C h ica go)fa red . 1 3 4
M etro p o l. W . S. El., C h ic— re or. I S L
Do
do
.....c o m .t '.it
N ashville Street — ........... eont-ol. 1115
Pa. I'rac. (L a n c a s te r ) .. .reevr.m i), 1011
P e o o le ’sR y. S t L o u is .in t deferred 1 8 1
Sandusky E le ctric (O h io ), reevr.2 -3 5
Savannah E l e c t r ic ....... ............. sold 8 5
S cranton T r a c t io n .......................... consol. 85
Seattle Consol. St........................sdd.1011, 10*34
S eattle T ra ctio n (W a s h .)....r e o r p .i2 3 5
S treaior *111.) Rv ................... reevr. W70
T a co m a Ry. A W ater. .............. sa/e.1100

AtchU m T qnka e S a n t» Fe liy . — Veto Common and P re­
fe r , ed Stock Being Issued. —H fillers of Ceriifi ;ates " f denosit
of the Guaranty Trust O jtn p a n y (form-rly N j w York Guar­
anty & Indemnity Co.) i.suad for stock of che Aiohnon To­
peka & Santa Fe RR. C >. can now exchange their certificates
for the common and preferred stock of the new company to

TH E

2e6

C H R O N IC L E .

which th< r are i-»thl> d under the plan. See advertisement
on ata-.i-.er page*—V, ‘"I. j> *83.
Atchuon l -iitk i a Si nt* IV Ry.—Atlantic & Pacific
\l.— V a ! x p " f fit' il* .— hie if-iij in iist week's Ciiao.vxctiK
Ktt
iixninn of (he O dur& ,.'>e i TfUst bonds of tan
rtwarai*
' sn • - »■•!. '
{)■ r,i' -t t o m ’ of our rnadARanti
■CfiSwr wnii't; “ You »»y: *Th« decree value of an
er». A
* * * bund m $:•'■> i H o w i* it possible to
urwlep-a
, j,H're •value,
tbit (he road h is not yet
-ft,,, , »,,i
... is that this value was
m April,. W 15, of the col hutranteed Trust bonds. This
H ptlfellllSf-Ci in the inter, be deposited,
d, or t
3 is m . Sub wq\y mt foreclosure
leriii m m il ,‘ssiy will not
sol din
tin tr.
d ho v is is that in owe all the Outran teed
W.. arc
f w r t him. fo shall not have ‘ 'us-unti d” then the share of the
SMentird Ixwtl-s in the amount eventually received by the
©ouiauttas* •wit! bs» incmWt'd. The answer is, Chat the negoUt<Ion w ith the A tchison was conducted by the comtnttU'C sol riv for at' ■unit of she deposited b unis, aud that the
*inalier the amount of the* bonds deposited the largo*
will be i Iip share of each in (be proceeds received. It will
be rcnvuiUred that eu Dec. 81 the A. & P. committee
gave nun
'v a ivertiseiiseot that until Jan. 14, 1897, addi­
tion*!
Miji.s w mid be received upon payment of a penalty
of $on a bf>nd. W e are informed that no deposits have been
allowed since that date. Of the total loan ($18,794,000) $18,.-'/i.oiK* tn>nd« have assented. The committee as long ago as
the srirtng of 1895 advertised that undeposited bonds would
not be entitled to participate in the reorganization. See
Ckuomci.e March 16, page 479.
.Yew AMtixon Securities Ready m Exchange for A . & P.
Certificate*,—1The securities received by the Bangs Committee
in exchange for the Atlantic & Pacific Western division bonds
sold to the Atchison Company are now ready for distribution.
The holders of the certificates Of the reorganizitim will re­
ceive 444593 per cent of the par value of such certificates in
Atchison 4 per cent bonds and 48'95 per cent in Atchison pre
form ! stick upon presentation of their certificates at the
Suite Trust Oo. of Mew York.—V. 64, p, 383.
Atlanta a- Charlotte Air Line Ry .—Extension of Bonds,
—This company lias made an arrangement with the Mercan­
tile T»ost & Deposit Co, of Baltimore to extend its first mort­
gage preference b e d s , maturing April 1, next, the principal
to be payable on Jan. 1, 1907, with interest at 4 per cent per
annum. Holders who desire to make the extension must daj-.-it i M r bonds on or before March 15, 1897, at the office of
the Mercantile Trust & Deposit Co. in Baltimore, or at the
office of the Central Trust Co,, Mew York, At the time of
deposit the full amount o f the coupon falling due April 1,
1Sid. will be paid. The Mercantile Trust & Deposit Co. of
Baltimore will also, on and after March 1, 1897, buy at 108%
April coupon attached), any of the bonds the holders of
which may desire to sill rather than extend.—V. 64, p. 233,
Boston & Albany R R.—Quarterly.—Barniagsfor the quar­
ter and the six mouths ending Dec-miber 81 :

[ V o i,, L X I V .

Central Pacific UR.— ‘Status o f Government Claims.—At­
torney-General Harmon, when asked this week if the'Government could foreclose on the Centr.al Pacific, replied:
‘•The answer to that question involves a difference of math­
ematics. The counsel lor the Central Pacific claims that it is
not in default. The Secretary of the Treasu-y shows that it
in default to the amount of $7,000,069. The difference
arises from the mode of applying the yearly payments under
the law. The future action of the Government in suing the
nd depends upon this <|4.:stian of default. I think the road
is wrong in its claim, and that the position-of the Treasury
Jepartroent is the correct one. If the Treasury is right there
is a large default inexcess of the sinking fund.”—V,6t, p. 233.
Central Ry. of Baltimore—t'f09,Q 00 E x t e n s i o n B o n d s
Said,—The Baltimore Trust & Guarantee G>, has purchased
$400,000 bonds, which are to be issued upon an extension of the
road, and fire to be secured by mortgage upon Che extension,
as well as upon the balance of the property. The new mort­
gage will be for $090,9*90, $400)000 of said bj ids (now sol i) to
be issued Marco. I, 1897, to pay for the Eist Bakinaire exten­
sion (14 miles), and equipment of road, and for lot on Druid
Hill Avenue and c *.r barn erected there on nn alii ion to
power plant of the company, &c, Remaining $200,000 to ba
issued only for future extensions and equipment of same or
fot power house or power plant.
Chicago Great Western Ry.—Chicago & Northern Pacific
R R.—President's Statement for Half-Tear .—President Stiekney’s statement for the half-year ending D *c. SI, 1898, to which
reference was made last week, is now at hand, showing
earnings on the Chicago Great Western as follows:
6 m o*, to

C ross
ea rn in g s,

X et
ea r n in g s ,

Taxes,
ren ta ls, etc.

D eb en tu re
in terest,

B a la n c e,
s u r p lu s .

1896....... $2,389,152
1895....... 2,417,277

$641,230
695,784

#845.2)1
377,107

$338,350
231,331

$10,619

D ee, 31—

84,043
[Of the above interest on debenture stock for the half-year
ending Dm. 31, 1898. 870,448 was payable in scrip, making
the cash balance for that period 881,005. —Ed.]
The whole decrease shown in the foregoing figures, and
more, occurred in the single month o f NT>vsub«r (election
month), when the gross earnings deer sat id $71,817 a a l the
net earnings decreased $51,763. This deersasx in business
cams so unexpectedly that it was impxssible to briog the
expenses into line
President S ickney describes the p r j'r is s m ile with the
ballasting of the road and the reducti m of grades, and adds
substantially the following :

C a p it a l E x p en d itu res.—T h e oroprtetnriatttio last meotinc unprovml
the bomnvingof £200,00 ) on tile five-yea.* 6 per eea# notes for addi­
tions and Improvements to the nc.ioerty and tor motor eiol#ai leonaots
From this loan the FlavnooCommittee realized £ 2 >0,090. oat. of which
they paid the then exist! ns storting loan of £70,0 JOand some expenses,
and rsiuiti «d to America £129, )00. or. say, M3 4,494. Oat of ill's last
amount there was paid, in redaction of die 7 per cent rolling stock
lease warrants, $105,151, leivf tg available S U M) 19. Alditiir hj this
sum the assessments since received from shireholdors under the ar­
rangement of 1591, the total available tor additions and improve­
ments was $558,510. >f this a in'Hint there rom lined unoxoflnded
at the end of the half-year about $24,453, while to complete
the estimates will reqnire $20-1,000. The amount of excess earnings
up to Deo 3*), 1896. wilijbe approximately <245.000, or MX.OOj more
than is required to meet these expmdtcuros. This is sabscaatt ally as
estimated in ray letter of Deoamoer, 1895.
Other oapital expenditures not embraced in the estimates sub
mitied at the last meeting aggregate for the calendar year $182,126,
3 munShs
including
the cost of addi'ional ballasting, the oust of a branch 3*a
G row
X et
Interest,
B a la n ce,
e n d . lyre. 3 i —
m rn ln a t.
e a r n in g s
s u r p l us. miles in tength to Minborville, payment ou aaomlut of Da Kalb &
taxes, etc.
Great
Western
road, o >ns'ruotion of spurs, water stations, etc. DurX>*9 i........................... $2,324,796
$1,073,071
$338,680
$736,391
189S......................
2.4 43,733
913,913
724,791
191,159 iogihe year the company has purchased on the car trust plan, 200
furniture
cars
at
aoost of $1 L8.553. p ayahte as f d l o w < *16,553 in
6 m onths —
X 8 » 6 . . . . „ ................ $1,393,713
$1,733,273
$175,837
$319,818 oa»h, and the balance in ton equal annual payuisnts, with interest at
139.3.........
1,933.737
1,885,092
387,131
1,017,953 the rate of 6 per oent per aunnm.
The progress of improiemenr, has now reached snob a stage that
There have been n-< important changes in the bilance sheet every
dollar judiciously expanded wilt aid immediately to tbs net
since June 80.—'V . 63, p. 837.
earnings, and means should be provided to thus carry on ihe wick.
The directors will m ike specific recommendations for additional apBrooklyn Elevat'd RR.— Quarterly.—Earnings for the piopriations
later.
quarter amt the nix months ending December 31 :
.Veto L c a s r o f C hicago A V oM hern P a cific T erm in a ls, Bte.—Meiotlafions with the receive •of the Chicago * Northern Paoiflo Oo., which
3 m onth*
<7re**
AJet
O ther
[M erest,
B a la n ce,
owned the terminals at Chic tgo, resulted during 1399 iu the aflle na­
r.vt Per, 31, tu rn in g *.
earn in g s, in eim e , taxes, etc.
dr,flat,
1*98....... ....... f l U 914 $177,28*1
$221,633 def.ft'4,367 tion of the old lease with slight mo iiii ntlona so far as the orooerty
which his been heretofore occupied: additional facilities ware
I * '* '................. 500,317
210,383 $2,195
218,123
det.3,510
acquired, which will increase the rentals about $25,109 pe • aim un.
0 m/miA-#**—
1898 ...............*303.780 #309.073
.......
$111,887 ilef. *132,009 Tile le »se for 99 years, with the privilege of renewal, has been
1395
955,021 390,868 $5,206
431,548
ilef.35,472 executed on behalf of the comnany and by tlis receiver, under orders of
the Court, and the sale which was afterwards mad* of the
Loans and bills payable D testa bar 31,189>, $005,0 >0, against property, under the orders of the Court, was made aubjeot to the rights
$•">“ ' ObO on June 30, and accrue! taxes were$310,530, against of this oorapanv under such lease, ao lhrt no fuim e oomotio itlons
$249-«63. n ils r *aeiv4ble D*c. 31 were $132,609, and cish on need be apprehended The direcrors regard the lease a* a valuable
a -set inasmuch as it gives tins company ample termiual fioiiitins in
hand, $83,387,—V. fit, p. 80, 81.
Chicago at. a rental equivalent, to nor. more th in 2 per east interest oa
Butte & Boston (lin in g —Bold in Foreclosure.—This prop­ their original oo-t The common use of such portions as are use t lu
n is an advantage, as if, reduces expenses aud iuoreases inter­
erty was ■>it 1 in foreclosure Pet>. 1 a. Butte, Mont., to E. oomm
changes which bring this company revenue.
ci of the Rsorgaoic&tioa Committee.
tu this aounaetioii the dlreoojf* desire to state that growing nut of
-V
the reorgintention of the Northern Paoifle Riilroad Comomvthe
rentals which the cmipanv pays for the use of i racks bntvree i 3t, Paul
Lam brie Iron. -A n n u a l S t a te m e n t .—The company issues and diune ipnlls will be reduced nearly or quite as much as the rentals
no report, but according t >the daily papers the prjfi $ for the of nil!cage terminals will be Inc eas id,
tm uroned S tatus.— W h ile the statement of earnings for the corres­
were about $720,009, equal to 9 per cent on the capital
six months of last year were a tittle m excess of this year,
stock, 1here v , - smi i i jer cent, and $161,000 vvav expended ponding
yet the fact that the earnings hive tiaeu malni.ai.ied s >neirty at a
for impr-.v, m»nts Thu bahino*.* was carried t0 profit and parity with last year during tltc unusual depressingiotbt&neas of a
Presidoat.ial eleoUou, involving the value of the currency cf t,he coun­
lens*, —V, R7, p, 277,
try, is, in the minds of the directors, nn especially reassuring fact.
Central Crosstotvn RR. (S . f . Oily ) —Quarterly. -E iro- It shows that the line his made a decided gain in its ability to com­
•UR* for th« qu irt«r a id the nix months ending D ‘camber 31 : mand and hold trade,—V. 83. p. 1009: Y. 6 4. p. 233.

3 month,
c n c .iH e .il.

t}r„„
<tim in g s

122? •• —......*•

Xet
ta m in g s ,

Other

Interest.

incom e

taxes, etc.

*4*ug»3 $1,024

$25,912

Balance,
su rp lu s

*21,610

Chicago Hammond & tVMtera RR —Mortgage fo r $3 500,000. —r he company has filed its mortgage for $2,586,00 I to E,

F. Hyde, Trustee for the Central Trust Cimpauy of New
*20.*21
York, to secure an issue of 3 J y e a r 6 p jr cent s>old bonds.
«o n q ia The property covered by the mortgage, it ia stated, co nprises
* * » » ..................... 276,1.* 5
7 7 .5 0 2 * 4 .269
51*889
* 2 6 ,5 4 8 all property now and hereafter to be owned by the mort­
There hftv <■boon nn important changes in the balance sheet gagor, including 4,0*10 shares o f stock of the Hamm Jild & Blue
since June W.—V . 63, p, 879,
Island RR. The instrument calls for the immediate delivery
............
ft month
t—

U | ,J ,S

l?»e . . . . ------ I2«7,«ss

4 1 ,7 0 2

1,103

*77,830 82,200

25,011

$51,631

THE CHRONICLE.

F b b r u a b y 6, 1897.]

of §1,500,000 of the bo ids; $500,000 of the hoods ar? to be
used on the construction of a branch from La Grange to
Franklin Park, and $150,000 on the retirement of equipment
warrants which were used in paying for rolling stock. The
balance of the issue may be used in constructing additional
side-tracks and other improvements. It is signed by J. P.
Lyman. President, and James D. Standish, Secretary, for the
railroad, and E. Francis Hyde, truitee. A provision of the
deed requires that the trustee shall always be Vice-President
of the Central Trust Company of Hew York.—V. 64, p. 135.
Col itinbus Central E lectric Ry.— R eorganization Plan. —
A committee consisting of Geo. H. Worthington, Myron T.
Herrick, J. V . Painter, Herbert L Brenemeu and T. C.
Cimpbell, with F. N. Bendelari, of Columbus, Ohio, as Score
tary, ha* prepared a bondnolders’ agreement, copies of which
will befurnished at theoffioeof the Guardian Trust Co., Cleve­
land, Ohio, and the railway company, Columbus. Until Feb.
10th, deposits of the bonds subject to the terms of the agree­
ment may be made at the office of the Guardian Trust Co.
R eorganization P la n — Tne agreement, which has been
signed by twelve-fifteenths of the bondholders, and is there­
fore obligatory [a majority only of the bonds baiog r-quired
togive it e ffe c ], contains the following as to reorganization:
l a t h e e v e n t a s a le a n d p a r o h a s e o f s a id p r o p e r t y b e o o m » s n e c e s s a r y ,
t h e n s a i d c o m m u t e © m a y n a m e th e fir s t b o a r d o f d i r e c r - r s o f th e n e w
o o i n o m y . s h tu .d s a i d C M iu n tttee d e e m b e s t t o o r g a n i z e a n e w o o m p a n y ; o f w h ic h c o m p a n y i t s h a ll a ls o d e t e r m in e t h e a m m n t n f b o n d s
t o b e is s u e d , t h e e i n o u a t o f p r e f e r r e d a n d o u n m o a s t o c k , o r e i 'h e r .
a n d t h e a l o t m e n t o r th e s i u s . a n d t h e s a le o f th e b o n d s u e o e s s f y t o
p a y a u v a id a ll in d e b t e d n e s s o f t h e o o m la n y , a n i t o d o e v e r y t h i n g
e s s e n t ia l t o e a r r y o u t th e i u t e n t o f th is a g r e e m e n t . —V. 8 J, p. 3 3 8 .

Consolidated Street R y .o f Grant Rapids.—Street Ry. o j
Grand Rapids.—Bondholders’ Committee fo r F irst Os o'
1912.—Default on this bond haviog occurred, as already
noted (C h r o n i c l e , January 23), M-ssrs. Byron D. Verrill of
Portland (Chairman), Wm Bl dget of Blodget, Merritt & Co.,
Boston, and VV. J. Hayes of W J. H ivei & Sons, Cleveland,
have coas«m',e.i to act as a committee for the protection of the
bondholders. A large majority of the total issue of S600.000
of these bonds has been deposit'd with the State S reet Safe
Deposit & Trust Co., of Boston, Mass., depositary under the
bondholder's agreement. Copies of the agreement can be
obtained of the members of the committiee, or of the deposi­
tary, and any bondholder who has not vet deposited his bonds,
but desires to participate in the benefits of the committee’s
action, should do so at once. February 1st was the limit of
time for denosit, but no penalty has yet been fixed for belated
deposits —V. 63 p. 1115.
Daluth G a s* Water.—Coupon P aym ent. —The coupons due
Nov. 1, 1896. on the consolidated mortgage bonds are being
paid wiffi accrued interest to Jan. 39, 1897, upon presentation
at the Central Trust C
New York.—V. 64, p. 233.
Detroit Gas.—Decision in f a v o r o f Purchase Money M ort­
gage. —Judge Carpenter in the Circuit Court at Detroit has ren­
dered a decision upnoldiog the purchase money mortgage of
Feb. 1,1893, for >1,000,000. (See C h r o n i c l e , V. 56. "d. 072 )
An appeal, it is understood, will be taken.—V. 63, p. 601.
East Liverpool & W ellsrllle Street RR.— foreclosu re De­
cree.- This property has been ordered sold under foreclosure
o f the first mortgage for $300,000. The Union Trust Co. of
Cleveland is mortgage trustee.
Fitchburg RR.— Quarterly. —Earnings for the quarter and
the six months ending December 31 have been :
3 m i lOi t
O -o s g
e n d . D ec. 3 1 .
e a r n in g s ,
1 8 9 8 ................$ 1 ,9 0 8 ,3 4 0
1 » » 5 .............. 2 ,0 5 7 ,9 9 6

X et
e a rn in g s.
* 8 5 2 .7 3 1
6 1 1 ,0 8 3

1 8 9 6 ................... # 3 ,7 8 3 ,7 1 8
1 8 9 i ................... 4 .0 5 1 ,5 9 4

* 1 ,3 0 8 ,3 9 3
1 ,2 8 6 ,0 1 3

6 m onth s -

O th e r
In terest,
in c o m e ,
ta x e s , e tc.
* 1 7 .0 0 7
* 3 8 1 ,4 5 8
1 6 ,2 7 1
3 7 9 ,7 4 7
$ 3 3 ,0 8 1
3 3 ,3 6 1

$ 7 5 6 ,0 7 7
7 4 8 ,8 0 7

B a la n c e ,
su rp lu s.
* 2 8 5 ,2 8 3
2 5 0 .5 8 7
* 5 8 5 .3 9 7
5 7 0 ,5 8 7

Loans arid bills parable Dec. 31, 1896, $310,000, against
$300,000 on June 30.—V. 61, p. 234.
Fort Worth & Rio Grande RR. —Default and Proposition
to Bondholders. —The company defaulted on its c o u p o n J u s
Jan. 1. I t is hoped that the expense of receivership an d fo r e ­
closure may be avoided by the bondholders voluntarily agree
ing to a reducti>n in the interest, so as to bring the c h i r g e s
within the earning capacity of the road.—V . 60, p. 480.
Greenwood Anderson & Western Ry.—South Carolina
Midland Co.— Receiver Appointed, —On Feb. 1 Judge S u n o n ton, in the United States Circuit Court at Charleston, S. O.,
appointed C. M. Ward receiver of these roads.—V. 64, p* 82.
John B. Stetson Co.—Annual Statement.—No annua, re­
port is published, but toe net earnings for the year end lug
Nov. 30, 1896, are stated as $190,975. from which were declared
dividends of 8 per cent on the $1,500,000 of preferred and 4
per cent on the $1,200,000 of comm >n stock, leaving u rlivided profits for the year of $22,975. All doubtful accounts, it
is stated, have been “ thoroughly pruned,” while the inventory
is thought to be conservative throughout. For a year of such
depression the directors consider the result attained to be a
matter of congratulation.
Louisville st Nashville RR.— A ctual Figures f o r S ix
Months.— Vne estimated earnings for six months ending De­
cember 81, 1896, were giverrin the CHRONICLE of January 16,
page 134. The actual figures are now at hand and show
gross earnings of $10,512,917, an increase over tbe estimated
of $14,972 and a surplus over all charges for the, half-year of
$674,242. a decrease of only $4,214 from the estimated fig­
ures.—V. 64, p. 234.

287

Metropolitan West Side Elevated RR .—Bondholders^
Agreem ent. — The Ole >tt Committee in accordance with the
announcement made last week has issued a bondholders’
agreement. This agreement authorizes the preparation of a
reorganization plan, which shall be lodged with the Cen­
tral Trust Co., and shall be binding as to all deposited bonds
not withdrawn by their owners within twenty days after
wri ten notice regarding the completion of the plan has been
mailed to the bondholders. The expenses of the committee
are limited to $10 per bond and $1 per share of stock.—V. 64,
p. 234
New York Central & Hudson River RR.— Quarterly. —
Earnings for the quarter and the six months ending Decem­
ber 31 have been reported as follows :
3 m o s .e n d .
O ro s s
X et
F ir s t
D ec. 3 1 .
ea rn in g s, e a r n in g s ,
ch arges.
1 8 9 6 ........ * l l , 6 6 s , 5 6 4 $ 3 ,7 7 1 ,2 4 5 $ 2 , 6 3 7 ,1 4 6
1 8 9 5 ..... 1 2 ,4 0 7 ,8 9 6 3 ,9 6 4 ,2 8 1 2 , 6 4 7 ,9 5 2
6 m o s .—
1 8 9 6 ....$ 2 2 ,9 3 8 ,3 6 3 * 7 ,4 4 4 ,3 7 7 * 5 ,2 6 4 ,2 3 4
1 8 9 5 ....
2 4 ,0 0 8 ,4 0 2 7 ,8 1 9 , 2 4 2 5 , 2 7 8 ,5 0 2

D iv i B a la n c e ,
le n d s .
s u rp lu s.
( 1 % ) $ 1 , 0 9 0 ,0 0 0 $ 1 3 4 ,0 9 9
(1 % ) 1 ,0 0 0 ,0 0 0 3 1 6 ,3 0 9
( 2 % l * 2 , 0 9 0 .0 9 0 * 1 8 0 .1 4 3
(2 % ) 2 , 0 0 0 ,0 0 0 5 4 0 ,7 4 0

The general balance sheet shows no important changes
since June 31, profit and loss surplus standing at $12,061,624
on Dec, 31, against $11,881,481 on June 39.—V. 63, p. 1159.
New York Chicago & St. Louis RR.—JVo Dividend Proba­
ble.—Answering our inquiry, t ie Treasurer of the comoauy
writes: “ Oar board has never taken any formal action when
a dividend was ‘ passed.’ Final figures for 1896 have not yet
been made, but I think it safe to say no dividend was earned
and, therefore, none can be paid.” —V. 63, p. 880.
New York New Haven & H artford RR.—F loating Debt,
&o —The fall in the price of the. company’s stock has given
rise to talk regarding the funding of the company’s floating
debt and the possibility of a reduction of dividends As to
the latter point, dispatches from New Haven are all to the
effect that no reduction is likely. Regarding the floating
debt the balance sheet of Sep\ 30. 1896, showed outstanding
loans and bills payable of $7,385,000, nearly all. it is s lid,
occasioned by the purchase of the New England RR,
On the other hand the company is known to have in i rs
treasury, with other assets, $5,000,000 o f New England RR.
consol. 5s, which, especially if guaranteed, could be sold at a
large premium. It is said that plans for financing the fl iatiag
debt are under consideration. Judge Hall, First Vice-Presi­
dent of the company, is quoted as saying: “ Nothing in the
business of the company justifies any faffing off in the price
of the stock. Freight anal passenger traffic is very good. The
road is earning and will surely pay its regular 8 p r cent divi­
dend: The company is abundantly able to take care of its
floating debt without any further issue of stock, and no such
issue is contemplated.” —V. 63, p. 880.
Norfolk Sc Western RR.—New Securities Listed. —This
company’s new securities, viz.: $23,322,500 first consol. 5s,
$23,000,000 adjustment preferred stock and $66,000,000 of
common stock have been ordered to be placed upon the list of
the New York Stock Exchange as soon as official notice of
their issuance shall be given. An abstract of the mortgage
securing the new loan will be published in the C h r o n i c l e
next week, together with some facts from the company’s ap­
plication to the New York Stock Exchange.
Clinch Valley Mortgage and Adjustment M ortgage Bonds
to be Paid June 1.—The Reorganization Committee has de­

cided, in order to save tbe expanse of foreclosure, and in view
of the small amount of bonds outstanding (lesi than $10,000
of both issues), to purchase at par and interest the outstand­
ing Clinch Valley division 5 per cent bonds and the Norfolk
& Western adjus'ment mortgage loin. They will be paid
with interest to June 1, 1897, by the Fidelity Insurance, Trust
& Safe Deposit Company o f Philadelphia on that date, and
interest on tbe bonds will cease thereafter.—V. 64, p. 234.
Northern Pacific Railw ay.—Reorganization Syndicate
Sale o f Securities. —The managers of the Northern Pacific
Reorganization Syndicate have sold to a foreign group of
buyers, represented by the Deutsche Bank, a considerable por­
tion of the syndicate holdings of the Northern Pacific stocks
and bonds. This sale, the amount of which has not been made
public, will facilitate the early liquidation of the syndicate
and the closing of its accounts with the most successful re­
sults to one of the largest railroad syndicates ever formed in
this country. It will be brought to a close within twelve
months of its reorganization with only sixteen per cent of the
subscriptions called.—V, 64, p; 181.
Oakland (Cal.) Street Railways.— Consolidation P ro­
posed.—Tbe San FrancDco papers state that William Henshaw, manager of the Union Savings Bank, has come East as
the representative of a syndicate which has obtained options
on the various street car lines of Oikland, and desires to in­
terest Eastern capital in the project of consolidating them.
Ohio Coal Roads.—Agreement as to Rates. —The special
committee of the Ohio Coal Traffic Association m -t in New
York on Monday and agreed upon a percentage of allotments
as follows: Columbus Hocking Valley & Toledo, 2819;
Toledo & Ohio Central, 16-40; Wheeling & Lake Erie, 13 44;
Cleveland Lorain & Wheeling, 12 97; Columbus Sandusky &
Hocking, 12; Baltimore & Ohio, 10; Walbonding Valiev, 7.
Tne agreement is for a year. There will be no trouble, it
is said, over the abrogation, by order of the Association, o f
old contracts for ooal at low prices. Any loss on such con ­
tracts as cannot be canceled will b e equitably distributed,
but in a majority of cases th e holders of the low-rate o ju

2

8

1 HE

C H R O N IC L E

tfn ;* rH>■ui to be mwnvble to re&zon. R -t1 on coal nr© now
406(50 oval* highur th*l) a week ago,—V. 6$, p. 231.
Ohio Vullvy h r .—Dcmmts o f Bonds Callei fo r .—Tip*
1*. *i i i*.•• i. . . ,* mmitPi-, c>o-ti#liog of Riotnr i L. Edward ft,
, »-r»-- 1 at o ' th- Hutu of th- Stale of New York, 88 William
iiirert, K. Y.> Frank
III
: iyer, John B Wt-sthrook ami CGrtl Mevrr, Pa* f militated a plan of depoeit and
r» .ju. ■>•.« drt osit# of
with Iht* Bank of the State of New
York, © William Street, New York City. Out of the
•ushers,-d ».K f»n «8 l of not exceeding $10 per bond, $5 per
bond mUM be paid so ea-li at the time t f dep -it. —V. 01. p. 41.

Ores on Railroad A Navigation.—Site o f Preferred Slock,
with l Vmfrof — The B -rlin Ootntnittee of slur old Oregon Bail-

wav ,t .Snvnation 5 p. r cent bondholders hast sold tv a syndi­
cate SW.000 i-hares of the new company’s |referred stock (price
reported at 45), which, with holdings of the preferred ob­
tain- .1 h* re, will place the control of th© company with inter­
est!. (i-ntithd with the Northern Pacific and the Great North­
ern. » hi! • ptwaihlv this reorganized Union Pacific will be
four d to i«- interested. The meaning o f this transaction is
well «i «'• 1 in th- ••Evening Post” as follows :
The twntrolef the Ore Railway A Navigation Company will insure
it* . e teaii.nom->t i- an iuiiepunilent property and oparate-l hi harBioidoo* relations with tli» Northern )'nr file. the Great Northern
u,t) the f'meit PaelSu ndlroitls
There will be no tfivertInc of (rattle from one road to another, and no cutting of rates
by ritfe, r ..f the litre roads - anted, hot all wifi work to harmony with
the or. rutt It 1 way A .Vnvlgnttoo Oompitoj as tbe feeder for a'd t.hreo
. ii i : ; ; - ?M. By this urntny* meet nil danger a t any one partionl«r t-H-rest -cutlm r control of the Oregon Railway & Navigation
Coiiifitny for the imrooso of tutting away httslnest from any One or
more of tin-tliree rond* named Is done away with, the purchasers of
the stork licit g eiimiily Inu-ie-t- d In all of them. Instead of the
three roads all rnnuinc trains at the s imu tt no in territory rierved by
» i, ami ail three trains only half full, yon will see a sensible and haiinontons and econinmcal m inurement of at! three ro tda, with a hotter
M-niri- f r tin} public nud opcra-inc eiponses kept within proper
limit*.
As shown in the I nvestors’ S upplement a voting trust en­

sures to the prefi rred stock tlie right to elect ten o f the co m ­
pany'.- fifteen directors until May 1, 1906. The preferred
stock a.gregve-t 310,988,500 (39,289,750 of which went to the
old bondholder*) ard a majority of it is now secured for the
common interest of ih© companies aboye named. The com­
mon stock of the Oregon By, & Navigation Company is §24,000,000. of which s 3,827,200 is owned by the Oregon Short
Line A Utah Northern, soon to be reorganized as the Oregon
Short Line Eft. Co.—V. 64, p. 84
‘ regon Short Line & Utah Northern Ry .—Coupon Pay
merit.—The coupons due Feb. 1, 1897, from Oregon Short Line
By. first mortgage 8s are being paid at the office of the Union
Ttu-t Co.. No. to Broadway, New York C'ty, or at the office of
James G Harris, No 92 Arnes Building, Boston, Holders of
certificates of deposit for the bonds will rect-ive payment of
said coupons on presentation of their certificates at the Cen­
tral Trust I n.. New York, or at the Old Colony Trust Co,,
Beaton.—V. 64, p. 234.
Pennsylvania HR.—-Veto President.— At a special meeting
of the i hectors Feb. 3 First Vice-President Frank Thomson
was elected President of the company to succeed George B.
Roberts, who died Jan. 80. Mr. Roberts bad been in poor
wealth sir ce lest July, but his death resulted suddenly from
heart failure. In our editorial columns will be found an
article reviewing Mr Eoberis’s connection with the com ­
pany.—V. 83, p. 1011.
Peoria Uecatnr Sc Evansville By.—Coupon Payment.—
Coupons due Sept. 1, 1896, on the Evansville Division first
la will be paid at the Central Trust Company
New York City, on and after February 10,1897 —V. 84, p. 235.
Philadelphia Sc Reading Ry.—Reading Co.— Consol. B sof
;
to be b x h ivied at ,} per cent.— The Philadelphia & Read­
ing By. Co, gives notice to the holders of the iirst series 5 per
I bonds dated Aug 28, 1882. and known as
Stamped Five.-, that it has arranged with Drexel & Co. of
I’bitad< Iphia to purchase at par and accrued interest on or
btfore March 1, 1897, of such holders thereof as wish to sell,
•nv or nil «uch nonda. Tim amount of the loan outstanding
in {-J.7G7 042. In inu of s, lfiog as aforesaid, boilers who so
•ItHire are given the privilege up to Feb. 20, 1897, inclusive,
at tin- «arti.. place, on deposit of their bonds, of receiving ao'-ru. d intercut from Nov. 1, 1896, to March 1, 1897, at 6 per
cent per annum, and of extending their bends ft r forty years
fr.-m the fir-t day of March, 1897, with interest at the rate of
4 per i e.f,t p.-i annum, payable n-t i annually 13 » h princi
jml and
arid lot
tut) r* i- o f u,.« i ntended bonds will b« piyablu rn
gold coin of
1 titled S a cs of the present mandaid of
wright andi ti r-etw. fn e fr >m all tajeug imposed by the
United S ate
"•'* or ’ h« N’ *1'* <’ f ILnnuyivania, under present
or future fa■iK-. The Philadelphia A Reading Coal & Iron
Company an
re! the Beading Company also whl become jointly
and several !y
h »<*.|H»r»ibk- for the p.ym -nt of srid principal
and i tit
I hi unextended i onds will be redeemed at par
and a
iin t-r n- Match 1, 1897, at the office of the rati­
wav i
fy 1m Philadelphia,—V. 84, p. 235,
T itt-tp n ti Ohio a rut fiulliinn.—Decision by United States
: ! !’ F.tl'ht :: IP „

, , dr-t
T ided in favor of the Uconstitutionality
n l , e d 8 t a u '8 b >' a m a j o r i t y o f
one had
of the Nichols
t
i •, o h ' ' m ‘ he express company suits. The court
?r°
the f i r ca»e of the Western Union Telegraph
Company a, aicst the State of Indiana, involving similar

v o i.

L .' IV ,

questions to those settle i to the O tio cases. Tue bate w in
in tt is case als >.
A dispatch to the ‘ •Cleveland L*a ier” says :
There were ten of these esses Brought By the oflloers o f tho Ail m il
Atumlean itttil the UntteA Unite# express oow aiotM to etijom the
oplli-outiu of fix es uniter tin- acts of the G -ttenil A-sutuht y uf Ohio,
pas-etl April 17,1893, amt M.iv Id. lsu t. Tht- eases were appealed
by the express vtUPUpauies from the ilectstoo of the Chouit, Court for
the Southern District of Ohio, which was favorable to the State
Under the suite law, which was assailed by the expre » o > mpanics,
thisse cotup tuies, us also teiexraph and tektohnus o in p it i ill-, are
taxed in three form s: First on their rest cst I’ o. SCO m 1 tint,a thott­
er,'-- receipts on business d o le within the State, and third they *rs
ttddltiomiiiy assessed by a dture Board, ft was the last asssssraaut
to which the companies took exception.
For the three years involved the State Board had increased the valu­
ation of property in assesstueuts under this law from <289,802 to
$4,249,7i»2. lids increased valuation was aritved at Itv taking the
m trket value o f the entire oapital stool,- of the Oteros- companies as a
basis lor arriving at the. true value fit motley of the com panies'prop­
erty in Ohio.
Justice White delivered the opinion of the dissent Put j istiees, eayin»: ••The recognition of the riicht of taxation exerted hy the State of
Ohio ia these oases most, if followed in other States, not notv repro­
duce the Illegality and injustice here shown, hut greatly lnrre.iae it. as
every new Imposition will be a new levy on two pen t already taxed,
a, d rerult i >an addilioual burden on t ater State o -mmerew."
The Chief Justice also anoounoed the decision of the ourr in the
cases itivotvimr the ©xtoot of the t-ixiak pewtr as an utod to ex iresa
companica and telegraoh companies in India ia. affirming the deoistm
of iho Stare Court iu each case and thus sustai log the law. The
two eases involve the validlt. of the State l i w o f 18-13 f ir the taxa­
tion of telegraph, telephone, palaee ear. sleeping o tr. dtnina mi-.
express and fast-freight comp tales, which empowers the Star,'- Board
of Fax Goinursstotiers t o assess taxation other than that of a local
character

Tennesttew Central Si R, - - Foreclosure Decree.—The Charto ry Court at Cookevill 8 has otd- red the foreclosure sale of
this un finish road, fne tineas pr jec ed was to run from
Nirhvill-* to Knoxville, Te in. I is o»r.|y ouilt tr rat L-banou
to S t ir d i'g Stone, R c-fiver C. O G ulfr-v is iu e b a r g -o f
the prop-rtv, and has is-u-d his receiver’s certificates for
8100,009 t r more.—V. 61, p. 795.
Tii'eilo S>. Louis & Kansas City R R .—Decision in Pre­
ferred Stock Suit.—The United States Circuit Court of A p ­
peals haudrd down last Tu-sdayat Cincinnati a decision in
favor of the plaintiff in the suit of the preferred stockholders
to be made parties defendant in the foreclosure proceedings.
From one of the Eastern counsel for the preferred stockhold­
ers we, have ob*aintd the following statement:
A t an early date in the pending litigation a petition was Hied by
representative preferred stockholders in the foreclosure proceedings
praying to he made parties. This petition was granted and an order
entered accordingly. An answer and cross bill were filed iu behalf of
the preferred stockholders alleging that the bonds were issued without
consideration and contrary to law, and that a large part of the bonds
were purchased hy their present holders with knowledge of the facts.
The counsel for the first mortgage bondholders tbeu made a motion
to strike out the answer, and upon the argument of that motion they
again raised the question of the right of the preferred stockholders to
be parties defendant or to set up any defense, insistinr that, rttey were
represented by the corporation of which they were stockholders. The
Circuit- Court, after nearly a year had been consume.4 by the different
motions, rendered a decision holding that the preferred stockholders
had no right to be made parties defendant independently of tho railroa 1 corporation.
From this decltion the preferred stockholders appealed to the Cir­
cuit, Co irt o f Appeals, and that Court lias now held, in the first, place,
that upon a motion to strike out a pleading, the Circuit Court had no
power to pass upon the right of the preferred stockholders to be par­
ties defendant, as this right, had been settled by previous order mak­
ing them parties. The Court fnrsher held that the corporation could
not properly represent at the same time the interests of both the pre­
ferred and common stockholders in the litigation—these two interests
being antagonistic,; and this of itself was a sufficient reason why they
should be made parties defendant.

Tbe case'now goes back to be heard io due coutse in the
United States Circuit Court for the Northern District of Ohio,
where the foreclosure proceedings were instituted. Nothing
in tbe decision in any way affects the priority of the first mort­
gage lien. The contention, however, as to the amount of the
lien is one of the qu-stioas which will now be raised and
heard in the Lower Court.—V. 64. p. 182.
Union Pacific Ry.— Modification o f Plan as to Kansas
Pacific Consols.—It is stated that the allotment under the
plan to the Kansas Pacific consols is to be 50 per cent in 4 per
cent first mortgage bonds and 110 per cent in preferred stock,
insteal of 80 per cent in bonds and 72 per cent in preferred
stock, as heretofore.—V. 64. p. 235.
West i hiengb Street—Sale o f Bonds —R-ports of a site of
83 500,000 consols to New York bankers have been current,
but we have been unable to confirm them —V. 63. p, 1063.
Wheeling •« Lake Erie R y .—Stockholders’ Committee.—
Cbarim Fairchild, of Obarlev Fairchild & G x , and Alexander
McN-dll, of Tno'nojon, Adams St McNeill, announce that as
the requ-stof svtckltolders iu no wty connect'il with the ad­
ministration of the comp.toy. but h tiding ov-r Jl,003,0'Kl of
ha r o c k , they t-ave rona-nt-d ' o act as a cum nittee to't induct an tuvestigation into the aff iir< of tue co n i-mv' emird y
independent of the adminis ration. They therefore invite the
co-opera ion of all stockhold rs interested in such an inde­
pendent investigation. See advertisement on another page,
Default,.—A< expected, default occurred Februa y I upon
the c upons of the extension and improvement bunds. Browa
Brothers & Co., however, under their notice of Ds; week, are
purchasing mid coupons upon deposit of the bonds.
Notice from Fitzgerald Committee.—Referring to its adver­
tisement of las , week, which ia repeated to-day io our adver­
tising columns, the Fitzgerald Committee it now prepared to
receive deposits at the Mercantile Trust Co. of the consoli­
dated mortgage 4 per cent bonds, and deems it important that
such deposits should .be made immediately under an agree­
ment, copies of which are being distributed.— V. 64, p, 236.

THE CIIROMCLK

F e br u ar y 6, 1867.]

289
C O T T O N .

COMMERCIAL

T he Movement

EPITOME.

of th e

F r id a y N ig h t , February 5, 1897,
C r o p , as indioated by our telegrams

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 101,564 bales,
Trade conditions in a number of lines of merchandise have against 138,302 bales last week and 151,811 bales the previous
shown material improvement during the past week. The week, making the total receipts since the 1st of Sept., 1896,
volume of business transacted has increased, and the changes 5,611,657 bales, against 4,143,711 bales for the same period of
in values, where made, have been, as a rule, in favor of the 1895-6, showing an increase since Sep.l, 1896, of 1,493,946 bales.
seller. In a few instances, however, the decidedly wintry
Receipts at—
Sat.
Mon.
Wed. Thurs.
Fri.
Hues.
Total.
weather conditions experienced have had a tendency to hold
business in check. Developments in financial circles have Galveston........ 1,598 3,034 2,746 2,382 3,511 3,345 16,616
been generally encouraging. On Thursday a further reduc­
341
1,383
324
2,048
tion was made by the Bank of England in its minimum rate Sew Orleans... 8,106 7,400 9,440 3,999 4,775 5,555 39^275
of discount to 3 per cent, and it is thought probable that in Mobile.............. 2,532
702
341
394
576
630
5,175
about a month the rate will have been reduced to the old
32
200
232
basis of 2 per cent, which was in force previous to the export S a v a n n a h .......... 3,327 3,203 4,758 2,561 3,220 1,441 18,510
movement of gold to this country which started last summer.
...... . . . . . . ...... ...... 1,386 1,386
Brunsw’k, Ac. . . . . . .
A plan of reforms has been prepared, and hat the signature Charleston.......
4,921
341 1,448
571
984 1,212
365
of the Queen Regent of Spain, which gives material con­
9
9
cessions to Cuba.
Wilmington___
318
45
292 1,204
174
2,380
347
The following is a comparative statement of stock of lead­
12
12
ing articles of merchandise at dates given :
5,476
Norfolk.............
658 1,013 1,294
610
347 1,554
F r id a y N igh t , Feb. 5, 1897.

P o r k ___________
b b ls .
L a r d _______________
tcs.
T o b a o o o , d o m e s t t o ............... h h d s.
T o b a c c o , f o r e i g n ...................b a le s .
O o ffe e , R i o . . . ............................b a g s .
C o ffe e , o t h e r ............................ b a g s .
O o ffe e , J a v a , A o . . . ................m a ts.
S u g a r . . . .................
h h d s.
S u g a r .......... ........................ b a g s , Ac.
M o la s s e s , f o r e i g n ................. h h d s.
H i d e s ................................................N o .
C o t t o n .......................................b a le s.
K o s l n .............................................b b ls .
S p ir it s t u r p e n t i n e __________ b b ls .
T a r ......................
b b ls .
B l o e , E . I . . . ..........
bags.
B l o e , d o m e s t i c ..........................b b ls .
L in s e e d . . . .......................... . . b a g s .
S a l t p e t r e . . . ............................... b a g s .
J u t e b u t t s ................................. b a le s .
M a n ila h e m p . . . ..................... b a le s .
S is a l h e m p ............................... b a le s .
F l o u r .......... .. .b b l s . a n d s a o k s .

Jan. 1,
1897.

Feb. 1,
1897.

14,783
21,509
14,612
8,931
339,299
44,319
44,837
2,329
1 ,798,453
None.
54 ,4 »o
292,754
47,6 3 1
2 ,043
1,182

14,003
25,6 5 7
13,528
6,023
373 ,5 1 4
33,9 7 3
56,6 9 7
2 ,329
1 ,732,469
None.
51.8 0 0
2 9 4 230
55,4 1 6
2 ,227
1 ,764
7 .5 0 0
9 .5 0 0
None.
19,0 0 0
None.
18 961
19,024
1 31.300

11,000

5,500
None.
1 9 ,5 0 0
2,3i>0
21,974
6,746
12 0 .5 0 0

Feb. 1,
1896.
9,664
30,145
16,299
23,763
261,377
79,183
55,2 3 6
61
5 54,969
None.

3,068

None.
2.300
2 .300
10,088
21,375
1 77.900

Lard on the spot has Pad a si >w sale aud prices n.ivr de­
clined undpr moderate t ffj rings, closing at 4c. for prime
Western, 3-80c. for prime City and 4‘23c. for refined for the
Continent. The local market for lard futures has been neg­
lected. At the West there has been more activity to the
trading but at lower prices. Offerings havs increased, longs
have been liquidating and larger receipts of swine prompted
selling. The close was easy.
D AILY CLOSING PBIOBS 0 V LARD FUTURES.

Sal.
M a y ........................................ e.

4 30

Mon.

Toes.

Wed.

IK ur.

Frx.

4 -2 5

4 ’20

4 15

4 -1 2

4 07

Pork has had only a limited call, but values have held
about steady, closing at §8 25@8 75 for mess. Cut meats have
been in fair request and steady. Tallow has had a better
sale, but the close was easy at 3%
Cotton seed oil has
been quiet and easy, closing at 20c, for prime crude and
23c. for prime yellow. Butter and cheese have had a fair
sale at steady prices. Eggs have been easier.
The demand for coffee of Brazil growth has been quiet and
prices have been without changes, closing dull at 9%c. for
Kio No. 7. Desirable stocks of mild grades have been in fair
demand and have brought fu'l values, closing at IO'aC- for
good Cucuta and 223^@23l^c. for standard Java. The trad
ing in the market for contracts has been quiet and changes in
prices have been unimportant. The close was at a slight
decline under selling by a local operator.
The following were the closing prices:
F eb ...................... 9-300. | M a y ..................... 9-45o. I A u g . . . . . . .......... 9 5 0 c .
M a r c h ............ 9-350. J u n e ............... 9'45o. Sept.................... 9*50o.
A p r il................... 9-40o. I J u l y .................... 9'45o. I Dee...................... 9*55(3.

Newport N.,&o.

125

Boston.............

537
289
49

Phlladelph’a.Ac

......

......

......

278

403

374

673

1,074

442

50

158

3

473
946
53

3,573
1.S35
313

Tot’ls this week 19,038 18,192 21,794 11,222 15,662 15,656 101,564

The following shows the week’s total receipts, the total since
Sept. 1, 1896, and the stoos to-mgut, compared with list vear
Receipts to
Feb. 5.

1 8 96-97.
This
Week.

8ince Sep.
1, 1896.

Since Sep.
1, 1895.

Stock.
1897.

1896.

114,711
5,179
385 ,1 6 8
27,592

110,848
1 0 ,9 9 2
3 4 6 ,9 6 3
4 6 ,0 9 4

78,8 1 4
3 ,857
40,1 8 0

6 9 ,7 6 7
8 .6 3 4
41,4 7 7

11,147

12,9 8 2

23,1 7 6
348
28 3 ,3 2 7
25,0 0 0
22,845
5,913

39,1 5 7
4 ,087
191,908
2 9 ,8 0 0
16,701
10,036

T o ta ls ........ 101,564 5 ,6 4 1 ,6 5 7 113,589 4,148,711 1,027,257

9 3 9 ,4 4 6

G alveston..
T ex. 0 ., Ac
New Orleans
M obile..........
Florida.........
Savannah. . .
Br’ wlok, Ae
Charleston..
P.Royal,Ac
Wilmington.
Wagh’n.Ao.
N orfolk........
N’ portN.,<kc.
New Y o r k ...
Boston...........
Baltim ore. . .
Phlladel.,Ao.

16,616 1,174,783
81,089
2 ,048
39,2 7 5 1,730,866
2 1 0 ,3 3 9
5,175
64,304
232
18,510 712 ,2 9 9
132,218
1,386
4,921
347,553
53,4 3 5
9
2 ,380 224 ,4 7 2
794
12
6 15,302
5,476
13,864
403
41,2 2 3
129,621
3,573
45,595
1,235
28,845
313

1 8 95-96.
This
Week.

13,705
772 ,0 7 7
1,747
85,888
46,7 1 0 1,401,957
7 ,053
167,236
24,3 1 0
5 9 7 ,8 5 9
14,056
9 6 ,7 1 2
913
6 ,586 240 .6 6 1
6,231
47,701
2,518
149,520
7
726
8,253
2 3 6 ,9 6 0
946
149,636
1,686 38,391
74,3 3 6
1 ,797
432
37,2 3 8
914
27,5 0 0

.....

I n o r d e r t h a t c o m p a r is o n m a y be m a d e w it h o th e r y e a r s , w e
g iv e b e lo w t h e t o ta ls a t le a d in g p o r ts fo r s ix se a so n s.
1893.

Receipts at—

1897.

1896.

1895.

1894.

Galves'n Ao,
New Orleans
M obile..........
Savannah...
Chas’ ton, <fec
Wllm'toiijAc
N orfolk........
N. News, <feo.
All oth e rs...

18,664
39,275
5 ,175
13.5 1 0
4 ,930
2 ,392
5 ,476
403
6,739

15,452
4 6 ,7 1 0
7 ,058
14,0 5 6
12,8 1 7
2 ,525
8,253
946
5,772

20,403
59.92C
6,014
16,160
15,205
922
6,631
8,016
21,797

11,019
3 0 ,7 2 0
2 ,488
11,061
9,136
2,711
5 ,264
6,663
15,498

14,577
35,5 7 7
2 ,291
9 ,502
3 ,699
875
5 ,792
2 ,287
6,563

26,5 5 3
9 2 ,4 4 7
6 ,4 8 0
13,3 9 7
6 ,6 9 0
1 ,9 0 0
5 ,888
1 0 ,5 8 1
1 9 ,0 4 7

Tot. this wk.

101 ,5 6 4

113,689

155,098

100,560

81,163

1 82,983

1892.

Since Sept. 1 5641,657 4148,711 6373,463 5014,352 4 1 48,934 5 7 7 7 ,0 7 1

The exports for the week ending this evening reach a total

The call from importers for raw sugars has been light, but •f 165,157 bales, of which 78,324 were to Great Britain, 27,825
there has been no pressure to sell, although at the close prices to France and 58,508 to the rest of the Continent. Below are
weakened a trifle, with centrifugals, 96 degrees test, quoted the exports for the week and since September 1, 1896.
at 3 5-32c., and muscovado, 89-degrees test, at 2%c. Refined
From Sept 1, 1896, to Feb. 5. 1897
W eek Ending Feb. 5,1897.
sugar has been in better demand and steady ; granulated
E xp orted to—
E xported to—
quoted at 4J^c. Spices have been in active speculative de­
Great
C onti­
G reat
Conti­ Total
from
—
T o ta l
mand at advancing prices. Teas have been steady.
B rit'n. France nent. W eek. B ritain. France nent.
Kentucky has been in moderate request at full values.
19,594 035,181 157,148 217,630 1,009,805
8,499
(Jalveston
.......
5,074
6,021
Seed leaf tobacco has continued in brisk demand at firm
14,901
14,901
2?9
Tex. City, A c..
279
prices. Sales for the week were 4,977 cases.
3,713 60,177 020,007 315,713 392,224 1,327,944
New O rle a n s .. 38,110
There has been a quiet market for Straits tin, but prices M o b ile .............. 7,142 18,354 5,328 12,470 121,330
19,405 140,741
have held steady in response to foreign advices, closing at F lo r id a ...........
45.7»4
6,402
61,180
200
200
13-50@13-60c. Ingot copper has been in moderate export de­ Savannah .......
48,203 15,341 283,242 346,840
16,485 15,485
mand and firm at 12c. for Lake. D mand for lead has been
8-4,427
80,504
3,865
78,339
more active and prices have advanced, closing firm at 3 20@ C h a rle sto n ..
105,408 243,747
8,407
8,407
66,674
66,074
3 -25c. for domestic. Spelter has also advanced, and the cloBe P ort R oy al —
95,431
104,803 200,234
was firm at 4-05@410c. for domestic. Pig iron has been quiet W ilm in g to n ...
32,709 170,240
N o r fo lk ...........
6,200
709
450
1,159 132,331
but steady, closing at ll@13c. for domestic.
8,879
8.879
1,379
Refined petroleum has advanced, closing at 6c. in bbls., N ’p ort N.t A c.. 1,379
329,856
108,412
203.700
21.813
17,084
New Y o r k ....... 12.589
8,252
972
3-75c. in bulk and 6’95c. in cases; naphtha dull at 6}^'\ Crude
1,720 173,07®
13,8.2
13 822 171,947
certificates have advanced, closing at 92o. bid. (Jrt-dit bal­ BBaoston.............
40,011 100,890
00,497
5,752
2,204
2,264
ltim ore___
ances have been higher, closing at 90c. bid. Spirits turpen­ P h ila d e lp h ia ..
7,683
849
7,233
268
258
tine has been in active demand and higher, cli sing at 28% (§ 8. Fran., A c ....
36,223
86,120
7,850
103
7,850
29c. R isir g have been quiet but steady. Wool has continued
T o t a l ..........
78,824 27,825 68.50<< 105,157 2,300,331 516,838 1,420,743 4,309,912
in demand and firm. Hops have been in limited re q u e st and
T o ta l, 1S96-90. 74,599 13,182 09,702 167,483 1,350,080 365,894 1,191,802 2,907,776
firm.
Ill

THB

290
nave
.■*ij '

In a 1
glv* u«
clear*'d
New Y*
Lamb.*

Oo&0f~
wise.

F r a " ,,,

Mobil**
If Mfft'ffc
Stow York........
OfiNif pmrfi»'

Total.

\

L ea v in g
itoele.

8,0 15 i 150,946

870,3 IL

11,404 ‘ 174,170 i
7,380 177,511

765,276
8*23,511

IMMMttW?* -j ?3,090 j
TVUA 18SM&. . , : 71,630 |10.27* - 77,SS«
754,351 \ 6,453 184.321

|

44,406 ! 340,762
2,184
74,546
2,041 : 40,165 ;
5,000 | 73,814
Kon»*.
31,880
8,300
1,500
19,592
9,000 I
Kone.
9,076
14.100;
2 ,000
9,975 : 273,352
Non©.
47,289
27,000
Nona.

3,210 125,255 \
S317*43 1 3*028 0,554
Koni*. 1 Kerne. 1 5 ,0 0 i* ■
1 Nbti« ; 8,*<00
>40 0 0 ; K*>n*?. : 4,000
1 KOIU4 - 2,500
OOO " 7,0*5 •
« .00 i) j
1 0,0 00 ; Non*.
8.000

n a very narrow and uninteresting market
The
far cotton for future delivery. Speculation has been dull, as
the dealings have been confined almost exclusively to room
traders The fluctuations in prices have been small and the
net changes for the week have been unimportant. Advices
from the South report that- soot cotton is in a fairly firm
position, and state that both home spinners and exporters
are buyers at full values. Saturday the market opened
slightly lower, in response to easier foreign advices, but later
recovered .tad closed at a slight advance for the day. There
was a - light further gain of 2 to 4 points in prices on. Mon­
day, in response to stronger foreign advices and a small
movement of cotton to the ports. Tuesday the market
turned slightly weaker, and prices for the day showed a
decline of t to 4 points. The port receipts were’ larger and
reports were received from the Eastern mills stating that
there had been an agreement reached concerning the cur­
tailment of production; it was figured, however, that it
would not mean more than 30,004 bales less iD their con­
sumption of cotton. Wednesday there was a dull market,
but the receipts at the ports were small and prices advanced
2 to i points. The market was slightly higher during early
'Change on Thursday, as stronger foreign advices and small
receipts stimulated some buying to cover contracts. Subse­
quently, however, most o f the improvement was lost and
the close was confined to 1 point advance for the day.
To-day there was a dull and featureless market, with the
change in prices unimportant. The close was steady, with
prices 1 point lower to 2 points higher for the day. Ootton
ou the spot has had a moderate sale. Tuesday prices de­
clined 1-18c. hut Thursday the loss was recovered. To-day
the market was steady ; middling uplands closed at ? 5-16o.
The total sales for forward delivery for the week are
200,800 bales. For immediate delivery the total sales foot
up this week 7,074 bales, including 100 for export, 3,474
for consumption,----- for speculation and 4,500 on contract.
The following are the official quotations for eaoh day of the
past week—January 30 to February 5.
Rates on and oft middling, as established Nov. 33, 1893,
and revised Dec. 11,1895, by the Revision Committee at which
grades other than middling may be delivered on contract:
F a i r , . . . — . . ...........

o. 1M

on.

Middling Fair................ '•'«
Strict flood M iddling,...,
Wood Middling. ____ . . . .
Strict Low Middling........ s |6
Dow Middling.................. %
Strict Good Ordinary.......

Good Ordinary..... ......... 0 .1

ofl.

on. Good Middling Tinged...
Even,
on. Strict Middling Stained., 7sa ofl.

on. Middling Stained............. si, ofl.
oft. Strict Low Mid. Staisna.. 2633 ofl.
off. Low MiddlingStained
l J4 ofl.

On this basis the prioes for a few of the grades would be aa

>
► CS3J ►
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< <s
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n
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►

UPLANDS.

S a l.

0004?
Low m a m a ? ......... .

M o n Tuan W ed T il.

do
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GULF.

1 O rdinary............. ..........
Low
M!<t
(it wx1 Middling........................... % >
K|r|ttltnc Fmir...... ............. .
8h«
BTAINKD,
n u t.
Low

TAW* m w f * * * * ...........................
m

Oka
7%
7>s

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g :
* ’8
81,6

S L

8*7a
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fjis

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l\ n
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76 1« 7?JJ
UIBKT AND SALES.

7 7b

Mo

....

Oon* •Vpecsu m p

140

To*

We

too

..----

800
,313
857

100. 2,4

...
....

....
....

<7on- I _ , ,

tract, j

.. . .
140
2,100! 2,240
1.900, 2,124
500, 1,300
413
....
857

... 4,i

Prl*

6^,8
61%
7»sa
76,6

1 BALK? o r »r<»T AND CONTRACT.
i jpnr(.

6»»«
K ’6
XSia
/ 78
87,0

g ;«

M o n T u rn W ed T h .

%%
h e

7,074

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Sat. IWon T o e * W e d T h .

l«

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follow*.

•1 MU.lli«*g r \

LVol . u x i v ,

parts, our telegrams to-night also I T h e S a l e s and P iuces o f F o t c r e s at N ew York, are
jaunts o f eott m on shipboard, not I shown in the following comprehensive table.
u )i. We a i l similar figures for
pare 1 for our special use by Messrs.
Juce Exchange Building.

SI*HOARD, HOT Ct•RARRD 1TOR—

If ew Ort*Ms»»~ -

( ’ HRUNICLB

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1 6 to ®

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tO
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00 %
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{>
i.

-1
! ^5;
9
9
0
9
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I
:
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G
Occ0 ocor) obob®
co
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PCD -I
Ch on
to
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be
> 0 05 & ®C1 15
005
00-I to - 3 - 3 5
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005005 0 0 0 0 , 0 1 0 05 C i C i O O
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5

to

t>
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* Includes sales in September, for September, 15,100: September
61,6
for October. 384,800; Septeniber-Noveinher. for November,
S , 18 October,
372.000; September-December, for December, 2,290,000.
7 S33
p y " We Have iriomaed »n tue above tame, and suall continna each
7®14
week So give, the average price of futures each day for each month. It
wlllbe found under each aa.v following the abbreviation "A v ’ gs.” The
•veragefor each month for the week is also given at bottom of ta b le .

■Me# o f
F utures,
27,800
63,100
52,600
54,000
36,200
290,600

E3T For exchanges see page 393.
T he V isible S opply of Cotton to-night,as made up by cable
and telegraph is as follows. The Continental stocks, as well a s
those for Great Britain and the afloat are this week’s returns >
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Feb. 5), we add the item of exports from
the United States, including in it the exports of Friday o n ly ,

THE

F ebru ary 6, 1887.]

CHRONICLE.

291

1897.
1896.
1895.
1894
q u o t a t i o n s f o r M i d d l i n g C o t t o n a t O t h e r M a r k e t s .—
S t o c k a t L i v e r p o o l . - - . . b a l e s . 1 ,2 9 9 ,0 0 0 1 ,1 0 0 ,0 0 0 1 ,6 0 9 ,0 0 0 1 ,6 7 3 ,0 0 0
Below are closing quotations of middling cotton at Southern
6 ,0 0 0
6 ,0 0 0
S tock at L o n d o n ...... . . . . . . . .
5 ,0 0 0 ______ 5 ,0 0 0
and other principal cotton markets for each day of the week.
T o t a l G r e a t B r i t a i n s t o c k . 1 ,3 0 1 ,0 0 0 1 ,1 0 5 ,0 0 0 1 , 6 1 5 ,0 0 0 1 ,6 7 9 ,0 0 0
S t o c k a t H a m b u r g .......................
2 0 ,0 0 0
2 6 ,0 0 0
2 7 ,0 0 0
2 5 ,0 0 0
CLOSWQ QUOTATIONS POR MIDDLING COfTON ON—
S t o c k a t B r e m e n . .......................
2 0 6 ,0 0 0
2 3 7 ,0 0 0 3 2 2 ,0 0 0
2 1 4 ,0 0 0
W eek e n d i n g
S tock a t A m s te rd a m . . . . . . . . .
7 ,0 0 0
9 ,0 0 0
1 6 ,0 0 0
1 6 ,0 0 0
F e b . 5.
S a tu r .
M on.
ru es.
W ednes.
Thun.
F r i.
8 t o c k a t R o t t e r d a m ...................
300
200
200
200
S t o c k a t A n t w e r p . ....................
1 0 ,0 0 0
1 7 ,0 0 0
1 8 ,0 0 0
1 2 ,0 0 0
G a lv e s t o n . .
7
7
7
7 l 16
7 i JS
7 1 j6
S t o c k a t H a v r e .............................
2 4 4 ,0 0 0
3 0 5 .0 0 C 4 8 5 ,0 0 0
4 4 7 ,0 0 0
6 t 5 ,6
6 l 5 ta
6 1 o ,6
N e w O r le a n s
615 ,8
6 15 ,8
6 l o ig
S t o c k a t M a r s e i l l e s ................
5 ,0 0 0
7 ,0 0 0
5 ,0 0 0
6 ,0 0 0
6 1 3 i6
6 131S
61*16
613 ,8
M o b i l e ...........
6 13 h
613 ,6
8 t o c k a t B a r c e l o n a . . . . .............
5 5 ,0 0 0
7 0 ,0 0 0
7 3 ,0 0 0
5 4 ,0 0 0
6 1 3 ,6
S a v a n n a h ...
6*
613,8
613^
6
,316
S t o c k a t G e n o a ..............................
4 3 ,0 0 0
6 0 ,0 0 0
2 1 ,0 0 0
1 1 ,0 0 0
613,8
C h a r le s t o n ..
6 1316
613 ,8
613,6
6 l3i o
613 ,8
1 6 ,0 0 0
1 8 ,0 0 0
1 6 ,0 0 0
1 8 ,0 0 0
S t o c k a t T r i e s t e __ . . . . . . . . . . . .
6%
6 34
6%
W ilm in g t o n .
634
6%
634
7
T o t a l C o n t i n e n t a l s t o c k s . . 6 0 6 ,3 0 0
7 4 9 /2 0 0
9 8 6 ,2 0 0
8 0 1 ,2 0 0
615,6
7
N o r f o l k ........
B o s t o n ...........
7 5 ,6
7 5 ,8
7 5 ,8
714
7H
7 ° t6
T o t a l E u r o p e a n s t o c k s ___ 1 ,9 1 0 ,3 0 0 1 , 8 5 4 ,2 0 0 2 ,6 0 1 ,2 0 0 2 ,4 8 2 ,2 0 0
73 B
B a lt im o r e . .
7 5 ,6
7 5 ,6
7 5 ,a
7 5 16
7°16
I n d i a c o t t o n a f lo a t f o r E u r o p e
8 1 ,0 0 0
1 6 5 ,0 0 0
2 6 ,0 0 0
1 0 2 ,0 0 0
713
7
1
3
P
h
ila
d
e
lp
h
ia
7
9,.;
7
9
,6
7
9 ,6
7
“
1S
A m e r . c o t t o n a f lo a t f o r E u r o p e
4 9 3 ,0 0 0
3 9 1 ,0 0 0
7 7 3 ,0 0 0
4 3 1 ,0 0 0
A u g u s t a ........
718
7116 a1% 7li<
7%
7H»
E g y p t ,B r a z i l . A c . , a fl t .f o r E ’ p e
2 9 ,0 0 0
3 9 ,0 0 0
4 5 ,0 0 0
6 0 ,0 0 0
6
1
5 ,6
GlOjs
M
e
m
p
h
i
s
..
..
6
10
,6
610
,8
6
l
o
ia
0
l
o
18
S t o c k in U n it e d S t a t e s p o r t s . 1 ,0 2 7 ,2 5 7
9 3 9 ,4 4 6 1 ,0 0 1 .0 2 2 1 ,0 4 8 ,3 8 9
7
7
7
7
7
7
S t. L o u is ___
S t o c k in U . 8 . i n t e r i o r t o w n s ..
4 1 1 ,4 0 0
4 7 9 ,1 4 3
4 6 6 ,4 5 3
3 9 0 ,9L 7
7
H
o
u
s
t
o
n
.
.
.
.
7
7
7
7
7
U n it e d S t a t e s e x p o r t s t o - d a y .
2 9 ,0 1 8
4 7 ,7 1 2
2 2 ,7 7 4
1 0 ,9 3 0
7
7
7
7
O ln o i u n a t l . .
7
7
T o t a l v i s i b l e s u o p l y .............4 ,0 L8,9 7 5 3 ,9 L5,5 0 1 4 , 9 3 5 ,4 1 9 4 , 5 2 5 ,4 3 6
7
7
7
7
7
7
L o u is v ille ...
O t t b e a o o v e , t o t a ls o r A m e r i c a n a n d o t h e r d e s c r i p t i o n s a r e a s f o l l o w s :
The o'osing quotations to-day (Friday) at other im portant
A m e r ica n —
Southern markets were as follows.
L i v e r p o o l s t o c k ................ b a l e s . 1 ,1 4 2 ,0 0 0
9 0 8 ,0 0 0 1 ,4 6 2 .0 0 0 1 .4 0 8 ,0 0 0
C o n t in e n t a l s t o c k s ......................
5 3 8 ,0 0 0
6 6 6 ,0 0 0
8 8 8 ,0 0 0
7 0 1 ,0 0 0
A t l a n t a ..............
G i3ls i E u f a u l a ...............
N a tch ez. ..
A m e r ic a n a flo a t f o r E u r o p e . .
4 9 8 ,0 0 0
3 9 1 ,0 0 0
7 7 3 ,0 0 0
4 3 1 .0 0 0
R a le ig h ....
C h a r l o t t e ...........
7*8
: L it t le R o o k .. ..
U n it e d S t a t e s s t o c k ..................... 1 ,0 2 7 ,2 5 7
9 1 9 ,1 4 6 1 ,0 0 1 ,0 2 2 1 ,0 1 8 ,3 39
8 e l m a ............
O o la in b u s , G a .
6^
M o n t g o m e r y .. .
U n it e d S t a t e s i n t e r i o r s t o c k s .
4 4 4 ,4 0 0
4 7 9 ,1 4 3
4 6 6 ,4 5 3
3 9 0 ,9 L7 1 O o lo m b n a . M is s
a S h rev ep ort.
6^
1 N a s h v i l l e ...........
671
U n it e d S t a t e s e x p o r t s t o - d a y .
2 9 ,0 1 8
4 7 .7 1 2
2 2 ,7 7 4
1 0 ,9 3 0
R e c e i p t s p r o m t h e P l a n t a t i o n s . — The following table
T o t a l A m e r i c a n ..................... 3 ,6 7 8 ,6 7 5 3 ,4 3 1 ,3 0 1 4 , 6 1 3 ,2 4 9 3 ,9 9 0 ,2 3 6
indicates theaotual movement each week from the plantations.
E a s t I n d i a n , B r a z i l , tic .—
L i v e r p o o l s t o e K .............................
1 5 7 ,0 0 0
1 9 2 ,0 0 0
1 4 7 ,0 0 0
2 6 5 ,0 0 0
The figures do not include overland receipts nor Southern
L o n d o n s t o c k . ................................
5 ,0 0 0
5 ,0 0 0
6 ,0 0 0
6 ,0 0 0 OOQSumption; they are simply a statement o f the weekly
C o n t i n e n t a l s t o c k s ___ . . . . . . . .
6 3 ,3 0 0
8 3 /2 0 0
9 2 ,2 0 0
1 0 2 ,2 0 0
movement from the plantations of that part of the crop whion
I n d i a a f lo a t f o r E u r o p e . . . . . . .
8 1 ,0 0 0
16 i,0 0 0
*26,000
1 0 2 ,0 0 0
finally reaches the market through the outports.
E g y p t , B r a z il, A c . , a f l o a t . . . . .
2 9 ,0 0 0
3 9 ,0 0 0
4 5 ,0 0 0
6 0 ,0 0 0
T o t a l E a s t I n d ia , A o ...........
3 4 0 ,3 0 0
4 8 4 /2 0 0
3 2 2 ,2 0 0
5 3 5 ,2 0 0
T o t a l A m e r i o a n .................... 3 ,6 7 8 .6 7 5 3 ,4 3 1 ,3 0 1 4 ,6 1 3 .2 4 9 3 ,9 9 0 /2 3 6
vVtek
Receipt* a t the Port*. St'k a t In terio r Towns. R ec'pts fr o m P la n V n ».
T o t a l v i s i b l e s u p p l y .......... 4 ,0 1 8 .9 7 5 3 ,9 1 5 ,5 0 1 4 ,9 3 5 ,4 4 9 4 ,5 2 5 ,4 3 6
B ndi ng—
1896-97 1896-^611894-95 1896-97 1896-96 1894-95 1896-97 1895-96 1894-96
331. gd.
M id d li n g U p la n d , L i v e r p o o l ..
4 » ,« d .
3d.
M id d li n g U p la n d , N e w Y o r k .
8140.
55 bc .
7 » o 18o .
7 &i« o .
Dee. 31....... 2l9.122 170.m j251.S5J 578,175 583,663 600.950 216,849 163,165 243,806
E g y p t G o o d B ro w n , L iv e r p o o l
5*4d.
4S »d .
6V L
IM.537 136.3221207,748 552.205 565,410 568,661 170.267 117,069 175,441
51 6 ,ed . Jan. 8
P e r u v .R o u g h G o o d , L i v e r p o o l
55, „d .
6 5 ,ed.
6V d.
“
15
1S1 84l|llB.837|209.806 532.119 552.608 530,024 131.755 107,035 171.1794 5 ,. d .
419 I .
3 1 5 ,ftd.
3 !g d .
« r o a c h F in e , L i v e r p o o l . .........
“
22 ....... 130.160 112.395 213.026 502.917 533.688 507.4S0 100.958 93,475 190,482
3 3 i6a .
4 5 ,6d.
T ln D e v e ily G o o d , L i v e r p o o l . .
3 5 !3 l d .
4J*d .
** 29
188.302 122 902 199.835 171.186 505,878 489.801 106,571 95.092 182,156The imports into Continental ports the past week have
Feb. 5
101.564 113.589! 165.098 141.400 479.143 406,463 74,778 86.854 131,76 a

678
6**
678
63

been 132,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 103,474 bales as compared with the same date
of 1896, a falling off of 916,474 bales from the corresponding
date of 1895 and a decrease of 506,431 bales from 1894.
A t t h e I n t e r i o r T o w n s the movement—that la the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1895-96—is set out in detail below.

3
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2 1 ,2 1 3

8 1 5 ,4 5 1

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

6 ,6 6 0

2 7 2 ,7 0 2

5 ,6 6 2

2 1 0 ,6 3 6

L e a v in e t o t a l n e t o v e r la D d * ..

2 2 ,3 5 6

6 3 1 ,8 2 8

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* T h is y e a r ’ s A z u r e s e s t im a t e d .
’ L a s t y e a r ’ s fig u r e s a r e f o r N e w b e r r y , 8 . C .

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x c o o © A r f - c © — ©©©COCO © O — CO©-q<J A © © © 00 COtC — ©

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

3 9 2 ,5 9 2
1 8 1 ,0 6 5
1 3 ,2 0 8
60
9 8 ,9 1 2
6 0 ,5 1 3
6 9 ,1 0 1

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

II.

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1 0 ,4 2 6
5 ,1 4 0
81

5 ,1 2 1
497
1 ,0 1 2

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3 9 3 ,5 4 1
2 0 9 ,7 4 0
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S in c e
S ep t. 1.

T o t a l g r o s s o v e r l a n d ...................
D ed u c t s h i p m e n ts —
O v e r la n d t o N . Y . , B o s t o n , <kc..

pi jr

40

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1 8 9 5 -9 6 .

V ia E v a n s v i l l e ..................................

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48
641
3 ,5 3 6
1 ,9 8 6
8 ,8 3 9

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The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1896, are 5,965,463 bales; in
1895-96 were 4,595,154 bales; in 1894-95 were 6,782,581 bales.
8.—That although the receipts at the outports the past week
were 101,564 bales, the aotual movement from plantations was
only 74,778 bales, the balance being taken from the stocks at
theinteriortowns. Last year the receipts from the plantations
for the week were 86,854 bales and for 1895 they wer®
131,750 bales.
We give below a statement showing the overland movement
foi ths week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Feb. 5
and since Sept. 1 in the last two years are as follows.

T ow n s.

«
**

S

O v e r l a n d M o v e m e n t p o r t h e W e e k a n d S in c e S e p t . 1 .—

•*> 3 © s ® 0 s> 2 .P e e £ : ? t ® 2Lo 3

2 .a 3

6^
678

3

s

The foregoing shows that the week’s net overland movement
this year has been 23,356 bales, against 15,551 bales for the
week in 1896, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 27,010 bales.
1 8 9 6 -9 7 .
I n S igh t a n d S p in n e r *’
T a k in g s .

*5
£
ST

<1
X
©
©

<* *

W eek .

S in c e
S ep t. 1.

1 8 9 5 -9 6 .
W eek .

S in c e
S ep t. 1 .

R e c e ip t s a t p o r t s t o F e b . 5 .............. 1 0 1 ,5 6 4 5 ,6 4 1 ,6 5 7 1 1 3 ,5 8 9 4 ,1 4 8 ,7 1 1
2 2 ,3 5 6
6 0 4 ,8 1 3
6 3 1 ,8 2 8 1 5 ,5 5 1
Vet o v e r la n d t o F e b . 5 ......................
4 6 6 ,0 0 0 1 8 ,0 0 0
4 6 0 ,0 0 0
S o u th e rn c o n s u m p t i o n t o F e b . 5 .. 1 9 ,0 0 0
T o t a l m a r k e t e d .............................. 1 4 2 ,9 2 0 6 ,7 3 9 ,4 8 5 1 4 7 ,1 4 0 5 ,2 1 3 ,5 2 9
4 4 6 ,4 4 3
3 2 3 ,8 0 6 * 2 6 ,7 3 5
I n t e r io r s t o c k s in e x c e s s .................. * 2 6 ,7 8 6
1 2 0 ,4 0 5
C a m e I n t o s i g h t d u r i n g w e e k . 1 1 6 ,1 3 4
7 ,0 6 3 ,2 9 1
5 ,6 5 9 ,9 7 3
T o t a l in s i g h t F e b . 5 ..................
V n rth ’ n s p i n n e r s t a k ’ g s t o F e b .5 ..

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

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

* D e cr e a s e d u r in g w e e k .
The above totals show that the interior stocks have decreased
during the week 26 786 bales and are now 84,743 hales less
It will be seen by the above that there has come into sight
than at same period last year. The receipts at all the towr s during the week 116,134 bales, against 120,405 bales for the
have been 3,799 bales more than same week last year and since same week of 1896, and that the increase in amount in sight
Sept. 1 they are 797,246 b iles more than for same time in 1895-6. to-night as compared with last year is 1,403,319 bales,

292

THE

CHRONICLE

WsitHEft Hv.t o r ts by T*LEGim*M—-Our telegraphic ad
i 1.1* **vrumg vlcjttoti* that rata has been general at the
gjtttb during th« * » k , and that at Borne points the precipita­
tion ha* Been rather heavy, la the early part of the week
the temperature was, as a rule, quite low, interfering with
farming iu* rations, but Utterly the conditions hare improved
and plowing is progressing rapidly in Texas.
Oah-rshm. Tertis. —The severe cold weather during the
earlv part of the week almost put a stop to farming opera­
tion* throughout the State, but tbs latter part o f the week
has in general been favorable for farm-work and plowing is
regressing nicely. We have had heavy rain on two days
urwg *he week", the precipitation reaching one inch and
fifty -, vtn bU'.drtdths. The thermometer has ranged from
Si 'lo (j; averaging 43. January rainfall two inches and
niueiy ■- veo hundredthe.
Palestine. Texas.—It has rained heavily on one day of the
week, the rainfall reaching ninety-four hundredths of an
inch. Average thermometer 45, highest 04 and lowest 26.
M* nth's rainfall five inches and ninety-five hundredths.
Huntsville, Texas —There has been rain on one day of the
week,' be precipitation reaching one inch and fifty hundredths.
The thermometer has averaged 47, the highest being 65 and the
lowest 89. Month’s rainfall four inches and fifty-five hun­
dredths.
Dallas, Texas,— It has rained on one day of the week, the
rainfall reaching thirty-eight hundredths of an inch. The ther­
mometer has averaged 30, ranging from 13 to 59. Month’s
rainfall three inches and twenty-two hundredths.
San Antonio, Texas.—There has been rain on two days of
the past week, the rainfall reaching eighty-seven hundredths
of an inch. Rain was beneficial to the soil, and plowing is
now progressing rapidly. The thermometer his ranged from
81 to 65, averaging 50. January rainfall one inch and fifty-five
hundredths.
Luting, Texas,—We have had rain on one day during the
week, in the extent of thirty-two hundredths of an inoh.
Average thermomeier 47, highest 63 and lowest 81, Month’s
rainfall one inch and thirty-seven hundredths,
Columbia, Texas.—There has been rain during the week to
the extent of one inch and seventy hundredths, on one day.
The thermometer has averaged 46, the highest being 66 and
the lowest 25. Month’s rainfall five inches and two hun­
dredths.
Cuero, Texas.—It has rained heavily on one day of the
week, the precipitation reaching eighty-two hundredths of
an inch. The thermometer has averaged 46, ranging from 39
to 03.
Brer,ham., Texas.—It has rained on one day of the week,
to the extent of one inch and forty hundredths. Average
thermometer 44. highest. 61, lowest 27.
Fort Worth. Texas.—We have had rain on one day of the
week, the rainfall reaching forty hundredths of an inch. The
thermometer has averaged 40, the highest being 59 and the
lowest 21.
Weatherford, Texas.—W e have had rain on one day of the
week, the rainfall reaching thirty-eight hundredths of an
inch. The thermometer has ranged from 20 to 60, averag­
ing 40,
New Orleans. Louisiana.—W e have had rain on t wo days of
the we* k. the precipitation being fifty-two hundredths of an
inch. The thermometer has averaged 44. January rainfall
one inch and ninety-two hundredths.
Shrereiwrt, L o u is ia n a It has rained on three days of the
week, to the extent of sixty-five hundredths of an inch. Average thermometer 40, highest 63 and lowest 22. January
rainfall five inches and eighty-four hundredths.
Columbus, Mississippi.—There has been rain on one day of
the week, the precipitation reaching one inch and ten hun­
dredth*. The thermometer has averaged 48, the highest being
60 and the lowest 16.
/.eland, Mi - iasippi,—January rainfall four inches and
e ig h ts w o hundredths,
Vicksburg, Mississippi.—Rain has fallen on two days of the
week, U. the extent of one inch and fifty-nine hundredths.
Tin- thermometer has ranged from 28 to 62, averaging 48.
Rainfall f< r month of January six inches and twenty-four
hundredth*.
Little Remit, Arkansas.—I t has rained on two da) a of the
week, the rainfall reaching sixty eight hundredihg. Average
tli'-rraom-ter 85, highest 19 and lowest 15.
B ek nit A rkansas —It has rained on four days during the
week, with rainfall to the extent o f forty-six hundredths of
an inch. The weather is now warmer, with prospects of
more rain. The thermometer has averaged 85, the highest
1- ins IT it d the lowest 17. January rainfall six inches' and
thirteen hut dredtbs.
Memphis. Trnne
—We have had rain on throe days of
the w< *-k. the precipitation reaching two inches and thirteen
hundred its and it is now raining. The thermotnsier has
avi rsgrd HV7, ranging from 12 to 46-0, Rainfall for the
month of f , u'.rv four inches and sixty-three hundredths.
Nashville, Tennessee. —We have had rain on two days dur­
ing tb- w..-k, th*- precipitation reaching one inch and twenty
httodr* d-i *. Th- thermometer has ranged from 3 to 52,
averavit g 3ft. January rainfall three inches and thirteen
hundredths.
Mobile. Alabama, —Rain bas fallen on four days of the week,
to the extent of two inches and fifty-one hundredths, Aver-

fv o L , L x n 7 .

ag*> her iiometer 12, high s ; 5s and lowest 23. fethifall for
: month of January t vo itiohe* a id ninety-s*ven hundredths,
| Montgomery, Alabama.—We have had rain on two davs
j during the week, the rainfall reaching forty-two huo dredths
of an inch. The thermometer na* av. raged 29, th e highest
being 47 and the lowest 18. January rainfall th ree inches
and sixty-eight hundred lis.
Madison, Florida.— We have had rain on one d iy of the
week, the precipitation reaching eighty three hundredths of
an inch. The thermometer nas ranged from 28 to 67, averag­
ing 58.
Savannah, Georgia,—There has been rain on two days of the
week, the rainfall reaching one inch and fifty-eight him*
dredt'bs. The thermometer has averaged 43, the Highest bung
67 and the lowest 17.
Augusta, Georgia. —We have bad rain on two days of the
week, to the extent of seveniy hundredths of an inch. The
thermometer has averaged 38, ranging from 14 to 00, Rain­
fall for month of January three inches and twenty-four hun­
dredths.
Charleston, South Carolina.—It has rained on three days of
the week, the rainfall reaching eighty-five hundredths o f an
inch, Average thermometer 43, highest 69, lowest 20.
Stateburg, South Carolina.—It has rained on one day, the
rainfall reaching ninety-on hundredths of an inch. The
thermometer has averag d 37 8, the highest being 57 and the
lowest 12. January rai if all two inches and five hundredths.
Wilson, North Carolina.—There has been run on one day
of the week, the rainfall reaching sixty hundredths of an
inch. The thermometer has ranged from 14 to 50, averag­
ing 36.
The folio wing statement we have also received by telegraph,
showing the height o f the rivers at the points named at
8 o ’clock February 4, 1897, and February 6, 1896.
F eb. 4 , ’97.

F eb. 6, ’9 6 .

Feet.
9-2

F eet.

N ew O r le a n s........
M e m p h is................
N a sh v ille ................
S h r e v e p o r t............
V ioksburg..............

6*3

11-8

9-7

12-2

25-4
14-4
13-3

4-7
24-7

F amine and P lague in I ndia —The Consumption or
Cotton.—In our editorial columns to-day under the above
caption will be found an interesting article by our special
Manchester correspondent.
Cotton Supply and Consumption in E urope.—By cable
we have received the substance of Mr. Ellison’s first of
January cotton review, and in our editorial columns give the
results and some suggestions respecting them
I ndia Cotton Movement Fbom all P orts.—The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Feb. 4.
BOMBAV RECEIPTS AND SHIPMENTS FOR FOUR TEARS.

S h ip m en ts s in c e S ept. 1.

S h ip m en ts th is w eek .

C on ti­
n en t.

G reat
Tear a re a l C on ti­
B r il’ n. n en t. Total. B r ita in

'96-7
>95-6
>94-5
,93-4

5 ,0 0 0

3-1,000 3 4 .0 0 0
22,000 2 7 .0 0 0
9 .0 0 0 9 .0 0 0

6.000 6.000

7 .0 0 0 16 6 ,0 0 0
1 9 .0 0 0 2 4 3 .0 0 0
2.000 5 0 ,0 0 0
1 3 .0 0 0 2 0 6 .0 0 0

R eceip ts.

T otal.

This
W eek.

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

5 1 .0 0 0
6 9 .0 0 0
3 9 .0 0 0
5 9 .0 0 0

S in ce
Sept, l .

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

According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
18,000 bales and an increase in shipments of 7,000 bales, and
the shipments since Sept. 1 show a decrease of 89,000 bales,
The movement at Calcutta, Madras and other India ports fo r
the last reported week and since the 1st o f September, for tw o
years, has been as follows. “ Other ports” oover Ceylon,
Tutioorin, Kurraohee and Cooonada.
S h ip m en ts s in c e S ept.

S hip m en ts f o r the w eek .
Great
B rita in .

Q a lo n tta 1 8 9 8 -8 7 ..,
..........
1895- 9 6 ...
Mart ran18969 7 ...
1 895- 9 6 ... 1,000
A ll o th er s—
1896- 9 7 ...
1 8 9 6 -9 6 ...
T otal a ll—
1 8 9 6 -9 7 ...
1 8 9 5 -9 8 ...

C o n ti­
n en t.

G reat
B r ita in ,

Total.

2,000
2,000
2,000

i‘,ooo 2,000

1,000
2,000
2,000
2,000

3 ,0 0 0

C ontin en t.

1.

Total.

4 .0 0 0
5 .0 0 0

1 8 ,0 0 0
9 ,0 0 0

22,000

9 .0 0 0
1 8 ,0 0 0

1 7 .0 0 0
1 4 .0 0 0

2 6 .0 0 0
3 2 .0 0 0

1 3 .0 0 0
1 9 .0 0 0

4 0 .0 0 0
3 0 .0 0 0

5 3 .0 0 0
4 9 .0 0 0

2 6 ,0 0 0
4 2 ,0 0 0

7 5 .0 0 0
5 3 .0 0 0

101,000

1 4 .0 0 0

9 5 ,0 0 0

The above totals for the week show that the movement from
t h e ports other than Bombay is 1,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments sinoe September 1, 1896, and for the corresponding
periods of the two previous years, are as follows,
EXPORTS TO BOROVS FROM ALL INDIA.

S h ip m en ts

lo a ll E urope
B o m b a y ...........
Alt o th e r p o rts

fr o m —

T o ta l

1 8 9 6 -9 7 .

1 8 9 5 -9 6 .

1 8 9 4 -9 5 .

Th i s
w eek.

S ince
Sept. 1.

This
w eek.

3 4 ,0 0 0

2,000 101.000

1 7 3 .0 0 0

2 7 .0 0 0
3 ,0 0 0

2 6 2 ,0 0 0
9 5 ,0 0 0

9 ,0 0 0

5 2 .0 0 0
7 3 .0 0 0

3 6 ,0 0 0

2 7 4 ,0 0 0

3 0 ,0 0 0

3 5 7 ,0 0 0

9 ,0 0 0

1 2 5 ,0 0 0

S ince
Sept, 1.

This
w eek.

S ince
Sept. 1 .

THE CHKONICLE.

F e b r u a r y 6, 1»S)7.J

A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s . — Through arrange­
ments we have made with Messrs. Davies, Benachi Sc Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are tne receipts and snipments for tiie past week and for t
corresnonding week of the previous two years.
A l e x a n d r i a , Ecn/pt,
F e b r u a r y 3.

1 8 9 6 -9 7 .

1 8 9 5 -9 6 .

1894-95

1 5 0 .0 0 0
4 ,5 9 4 ,0 0 0

1 4 0 ,0 0 0
4 ,4 4 5 ,0 0 0

1 60,000
3,8 05,000_

R e c e ip ts (o a n t a r s * )-..
T h is we- 3 k ..........

8inoe Sept. 1...........

T h is | S in c e
w e e k . S e p t. 1 .
E x p o r ts (b a le s )—
T o L i v e r p o o l . ____
T o C o n tin e n t !. . . . . . .

8 .0 0 0 2 2 8 ,0 0 0
6 ,0 0 0 1 8 5 ,0 0 0

T h is
w eek .

T h is
w eek .

S in c e
S ep t. 1.

S in c e

Sept. 1

17,000 194.000
li.ooa 207.000

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

28,000 401,000

T ota l E u ro p e .
* A. o a n t a r is 9 3 p o u n d s
,
f O f w h ic h t o
in 1 3 9 6 -9 7 . 2 L ,5 3 3 b a l e s ; in
b a le s ; iu L3 9 4 -9 5 . 2 8 ,6 2 4 b a le s .

1 8 9 5 -9 6 , 3 9 . o 28

This statement shows that the receipts for the week ending
Feb. 3 were 130,003 cantars and the shipments to all Europe
14,000 bales.
Manchester M a rk et .—Our report received by cable
to-night from Manchester states mat the market continues
steady for both yarns aod shirtings. Manufacturers are
■working at a loss.
v P give the prices for to-.lay below and
leave those for previous weeks of this and last year for
comparison:

3 2 * O op.
T w ist.
d.
D o 31
Jan. 8
“ 15
" 22
“ 29
F eb. 5

d.
a>730
97<g
a 709
97*4
97**
971*

6 ia
6%
«30
6*
O '*

1 8 9 6 -9 7 .

1 8 9 5 -9 6 .

8*4 lb s. S h ir t- O otV n

8 H lbs. S h ir t- O ott’ i

in g s , c o m m o n
to f i n e s t .

8. d .
s.
2 »6

4
4
4
4
4
4

d.

8

lh s a e
l 'a a e
l
96
1 36
1 36

6 Z8 OOp. i n g s , c o m m o n

M id .
TJplds

7>a
7 'a
7
7
7

T w ist.

d.
d.
63,
4
4
634
41-2 6 »S
4 I 3 6*8
3 3 1 3 ,6 3 ,
33 3 6 %

M id .
U p ld

to f i n e s t .

d.
37*3
971*
973*
97%
® 7 7 16
9 7 i\ e

a.
4
4
4
4
4
4

d.
s.
5 i* ® 6
5 96
4*a® 6
4*?36
5 96
4>*96

d.
4 »s
4
4*a
1 *32
4=9
4*18

d.

8
8
7*2
7*a

8
7 'a

O v e r l a n d M o v e m e n t , & c . , t o F e b r u a r y 1 .— I n o u r e d i t o r i a l
c o lu m n s

to -d a y

w ill

be

fo u n d

our

r e g u la r

sta tem en ts

o v e r la n d

m o v e m e n t , r e c e ip ts , e x p o r t s , s p in n e r s ’ ta k in g s , & c .,

C o t t o n Mil l s on S h o r t T im e .—In accordance with the
agreement entered into by a large number of cotton manu­
facturing corporations in New England, areluctiou of the
weekly running time was begun this week. Thirty mills in
Fall River, representing in the aggregate some 2,400.000 spin­
dles, have agreed to close their mills Friday and Saturday
of t aoh week for the next thirteen weeks. Heretofore the
runniDg time of these mills has been fifty-eight hours per
week, hut this shut-down will cut it to forty-two hours, and
will result in a material reduction in the output of printing
cloths, the stocks of which at the principal points of accumu­
lation are now so heavy.
J u t e B u t t s , B a g g i n g , &c.—There ha3 been practically n o
demand for jute bagging the past week, the trade for the sea­
son being at an end. The ruling quotations this evening are
4%c for
lbs., 5c. for 2 lbs. and 5J£e. for standard grades
in a jobbing way. Car-load lots of standard brands arequoted
at 4?gS. for 1% lbs., 5c. for 2 lbs. and 5)^c for
lbs. f.o.b.
at New York. Jute butts are neglected at 1 l-16c. for paper
quality, 1 7-16@ l^c. for mixing and bagging and l% c. for
spinning butts, all to arrive. From Messrs. Ira A. Kip &
Co.’s circular we ascertain that the deliveries of jute butts and
rejections at New York and Boston during January were
16,952 bdes, against 33,6*2 bales for the same month last
year. Importers and speculators at New York and Boston on
January 31 held no stock, against 2,300 bales at the corre­
sponding date in 1896: and the amount all >at. for the United
States ri aches 163,272 bales, against 196,222 bales last year.
T h e E x p o r t s o p C o t t o n from New York this week s h o w an
increase compared with last week, the total reaching 21,813
tales, against 10,102 bales last week. Below we give our
usual cable, showing the exports o f ootton from New York,
and the lireotion, for each o f the last four weeks; also the
total exports and direction since Sept. 1, 1896, and in tin last
column the total fo r the same period o f the previous year.
■X PO RT 9 OP COTTON (B A LE8I PROM NEW YO RK SINCE SBPT. 1 , 1 8 ! 6 .

of

Week E nding—
Exported to—

Jan.

b r o u g h t d o w n t o F e b r u a r y 1.
E x c h a n g e s .— T h e
d u r in g th e w e e k :

•12 p d . t o e x c h . 2 0 0 M c h . f o r M a y .
■22 p d . t o e x c h . 1 ,4 0 0 M o h . f o r A u g .
•03 p d . t o e x c h . 2 ,1 0 0 M a y f o r A u k .
•34 p d . t o e x c h . l o o S e p i . f o r A u g .
•46 p d . t o e x o h . 3 0 0 N o v . f o r J u l y .
•17 p d . t o e x o h . 2 0 0 M oh f o r J ’ n e.
•13 p d . t o e x c u 4 ,2 0 0 Me h . f o r M a y .
• 2 3 p d . t o e x e b 1 .3 0 0 M c h .fo r A u k .
•44 p d . t o e x o h . 6 0 0 N o v f o r J u l y
•13 p d . t o e x c h . 2 ,0 0 0 M c h .f o i M a y .

exch an ges

have

01 p d . t o e x c h . 1 0 0
■ 42 pd. to e x o h . 4 0 0
06 pd. to exch . 100
•23 p d . t o e x c h 6 0 0
•13 <1 t o e x c h . 9 , 2 0
04 pd. to exoh . 200
0 4 „■!. t o e x o h . 2 0 0
■05 pd. t o e x c h . 1 0 0
•22 p d . t o e x o h . 2 0 0
•18 p d . t o e x o h . 5 0 0

been

ea

Isl a n d

C otton

Receipts to F eb . 5.

This 1 Since
week. ! Sept. I.

C h a r le s t o n , <feo.....................
F l o r id a , dec.............................
T o t a l . .................................

J u ly fo r A u g.
N ov . fo r J u ly .
M oh f o r A p r
M ch . fo r a u k .
• M c h .fo r M a y .
J n u e fo r J u ly .
M ay fo r Jun e.
Jun e fo r A u g
M oh. fo r A u g
M ch. fo r J ’n e ’

1 8 9 5 -9 6 .

Stock

This
8ince
week. Sept. 1. 1 8 9 7 .

1816

1,0651 7 7 ,7 1 7
s o ; 1 0 ,0 7 1
197
5 ,9 6 4

1 ,0 4 6
107

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

1.3421

1 ,1 5 3

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

9 3 ,7 5 2

The exoorta for tbe week -nding this evening reach a
total >f 982 hales, of which 840 bales were to Great Britain,
142 to France and — to Re*al, and the amount forwarded o
Northern a ills aas been 1,878 bales. Below are th< exports
for the week and since Septe nbpr 1 in 1896-97 and 1895-06
W eek E n d m y F e b . 5.
E x p o rts
fro m —
8 ’ v a n n ‘ h, A c
C h a r i’ t ’ n , A c
F l o r id a , A c .
N e w Y o r k ..
B o u to n _____
P h il * ., A c . . .

G re a t F r 'n c t
B r iV n .
dkc

142
840
...........

Strict S ej)t. L, 18VI6

G re a t
T ota l. B r iV n

"U 2
840

22

F r’ n ct
dkc

T o ta l.

1 5 ,0 2 9
2 ,9 3 3

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

7 ,2 4 7
5 ,7 3 8
5 75

4 ,7 5 9 1 2 ,0 0 6
5 ,7 3 9
102
677

N o rth 'n
W eek

Ifi
S in e
Sept.

1 ,6 7 4 2 0 ,1 5 4
860
5
1 9 7 5 ,9 6 4

29 .

Same
period
previous
year.

Total
since
Sept. 1.

7 ,0 9 5
2 ,1 0 0

6 ,2 7 7
388

7 ,7 6 4
4 ,8 2 5

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

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

T o t . t o G t . B r i t ’ s . 2 3 ,2 9 2

9 ,1 9 5

6 ,6 6 5 1 2 ,5 8 9

1 ,4 5 2

1 ,2 4 6

1 ,4 5 2

1 ,2 4 6

515

615
750

O t h e r B r i t is h p o r t s

........

2 0 3 ,7 6 0

1 6 3 ,2 3 0

972

1 7 ,6 8 4

1 7 ,6 5 7

725

972

1 7 ,6 8 4

1 7 ,6 5 7

1 ,8 9 1

1 ,5 3 1
50

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

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

725

O t h e r F r e n c h p o r t a ..
T o t a l F r e n c h ___

100

400
T o t . t o N o .E u h o pe

915

1 ,3 6 5

l ,9 9 1 j

1 ,5 8 1

5 3 ,7 9 5

1 0 9 ,5 1 1

d p a ln , I t a ly , A o ...........

1 ,5 0 1
20

2 ,9 0 8
2

1 ,1 0 8
3

6 ,6 7 1

5 4 ,0 7 6
541

3 2 ,8 3 1
705

T o t a l St a in , & o ..

1 ,5 8 1

2 ,9 1 0

1 ,1 1 1

6 ,6 7 1

5 4 ,6 1 7

3 3 ,5 3 6

G r a n d T o t a l ___ 2 7 .2 * 0 1 4 ,7 1 6 1 0 .4 9 2 2 1 ,8 1 3

3 2 9 ,8 5 6

3 2 3 ,9 3 7

T h e Fo l l o w in g

a r e

th e

G r o s s K b o e ip t s

op

C otton st

New York, Boston, Philadelphia and Baltim ore fo r the patt
week, and since September 1, 1896,
N lW Y O B K .
Receipts
fro m —
N. O rleans...
3avann’ h &c
M obile . . . .
F lorid a— ..
S o . Carolina
V ir g in ia . . . .
N orth, p ort8
Penn., A c ...
F oreign........
T o t a l.........

..........

F tb .
5

1 8 ,5 1 9
4,77.1

M o v e m e n t .— W e

1 8 9 6 -9 7 .

Jan.

m ade

have received tin's
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. Tbe
receipts for the week ending to-night (Feb. 5) and since
Sept, 1, 1896, the stocks to-night, and the same items for the
corresponding periods of 1893-96. are as follows.
8

Jan.

15

fo llo w in g

293

■M

l* a stye a r....

T h is
w sslt.

S in c e
S e p t.J .

8,182
2,010
7^690

120,170
140,807
210,775

82
615
150
108

4,290
81,997
18.828
154,791

478

41,022
4,181

19,855

B O IT O *
T h is
w eek.

1,955
...

8,050
90,510

P H IL A D IL P H ’A
T h is
w ee k .

00

Ba l t i m o r e .

Since
T h is
S e p t . J. w eek .

10,049

Since
S ept. •

1,108

48,596

71

4,504

89,097

407

28,532

093

44,300

410,007,

527

39,252

0,610

182,053

381,351

1,117

33.900

2,413

101,401

* .............
11,098
3,000
2.185
4,513
154

770,807 11,807

17,0481 043,520

S in c e
8 s p t , 1.

13,844

exports o f cotton from the United
States the past week, as per latest mail returns, have reached
T o t a l 1 8 9 5 -6 1 ,4 1 8
10 1 ,4 2 8 1 2 8 .4 2 9 5 ,4 5 7 3 3 ,8 8 6
2 3 6 2 9 ,3 4 7
A considerable portion ol ant 3ea Island cotton shipper, to 150,759 bales. So far as the Southern ports are concerned these
foreign pons goes vis New York, and some small amounts via are the same exports reported by telegraph and published in
Boston and Baltimore. Instead of including this cotton for the Chronicle last Friday. W ith regard to New York we
the week in which it leaves the Southern outports, we follow include the manifests of all vessels oleared up to Thursday, f
the same plan as in our regular table of including it w h e D
Total b a l e s .
actually exported from New York, &c. The details of the N s w Y o r k T r L i v e r p o o l , p e r s t e a m e r C e v io , 7 , 7 6 4 . ..................... 7 ,7 6 4
T
o
H
u
ll,
p
e
r
s
t
e
m
n
e
r
O
h
io
.
1
.5
2
5
.................................................
1 ,5 2 5
shipments of Sea Island cotton for the week will be found
T o L o u d o n , p e r s t e a m e r s I d a h o , 2 , 2 0 0 ___ M o g a n llo , 1 , 1 0 0 . .
3 ,3 0 0
under the head “ Shipping News,” on a subsequent page
T o 11 a v n \ p r s t e a m e r L a G a s o o g u e , 0 7 2 u p la n d a n d 3 7 0
Quotations Feb. 5 at Savannah, for Fioridas, common,
Seal-land........... ......................... .............................
972
T o B r e m e n , p e r s t e a m e r s A b le n im r g , 1 , 3 3 1 ___ T r a v e , 2 0 0 ..
1 ,5 3 1
9c.j medium fin-, l l ^ o .; choir , l l ^ c .
r
0
H
a
m
b
u
r
g
p
e
s
t
e
a
m
e
r
A
n
d
a
lu
s
ia
,
5
0
.................
.....................
50
Charleston,Harolinss medium Hne, 71£@13c.; fine, 19@20c.;
T o O o o r t o , p e r s t e a m e r V e g a 1 . 5 0 0 ...................................... ............
1 ,5 0 0
f u l l y Hne, 21@23c.; extra fine, 28 to 35c.
T o L is b o n , p e r s t e a m e r V e g a , 4 0 0 ........................................................
400
T a t a l ..........

840

142

9 8 2 3 1 ,5 2 1

7 ,6 3 7 3 9 ,1 5 8

1 ,8 7 6 2 6 ,9 7 8

S h ip p in g

N e w s . —The

97,718
60,*62
120,048
10,391

the

294
N*

.

c h r o n ic l e
S|| b 'f t r * ,

.

*■** Civ'HHem*

>suaer# C

I# tffciMim,
loVmtWk *
f OKUWklUh-

. 1,100 ... EH
*, 4t)o ...Ely*
Sia. 400 . . . . . .

To Trb*;e. $

, 1,3C0

li: Eft

(iU'i&'fi d# f.HtTsn«i£iL 0,500

J*»af»«

<wr* L<
0*§88
S.5 50
m A.i
3®ins'' *S, 4.701
„i,^*TB«,rs M* xMUth $.*40
I » t*|¥ »JW ....
Qa Vi«taj la. 7,840.. ..\Vor*ley 11411,7,200
pBNtittoB!$*&7
--...... —
To Bftmrii. n*r iMearner Darhnv&mn 7 ,0 0 0 .....
if a«*btt g. | r »i* mm&T E n d **m f« 7«*o. . . . . . . . . . ; -. ..
waii—*a 14** rixxd. j » r steamer Mtt8QlB8try« 4,489 aj*
il* ” usd
**«,d ao4 t*« *>S
rs LHio^Olo, 5,725.... Format Holme,
%*» B ft ifci . jimr
r
,
$
O
C
K
.
.
.
------■
44** »*WS0i£—To Liverpool, fNf»r Ales hunt 8t. FUlftUS, O.aal ...
Ciij hte#to «~ T « Lh?»’i pool, jt#r «tevBi$r Awaito, 2,818 upland

*# Hf««__i i ,
iaI

*ra1 712 Sea I«laa4 .... ........ ....

Wii vii-,af va - T o Bran on, per steamerCmlliorne,8 ,8 8 0 ........
*40 Kotterdam* per atearner Oliva Brat *oh. 1.100.... .- *****

S i. v *. .»-t H su '#-T o Liverpool, par steamer Shenandoah. 7t 1 .

£ t> <«*;<—>?« UterpooL per steamer# Coritstbia, 2.301 .. Norae*ats, 1,132 uplaid ami 362 Sea Island— Kansas, 1,491
tipi«i*0 aml 2 ■.5 Sea Inland. . . . . . . . . . . . . . . . . . . . . . . . ---- Bat, ■raoR t - To Li vn pool, per steamer Eos?more, 5,310.-------|t> Lm don, per steamer Jloarne. 1 6 2 . . . . . . . . . . . . . . . . . . .......—
o Ait**#"'p, per steamsf Baseldeus, 4 0 0 .. . . . . . . . —. —«. . . . .
F hii AOPi-rma - - t o Liverpool# per steamer Waealand, 42 . . . . . . .
♦. Match* *u r, per steamer Harrow, 578 *wea Island ..— ...
8 * k F hakcipco—To Liven ool, per ship Pendiagon.Castle, 10
To Japan, per steamer City of Rio de Janeiro, 1,750 ------- --

.

IV ol. LX1V,

LlVSltPOOL. -B y cable from iilver pool we bav j the following

2,178 statement of the week’s sales, stocks. A c., at that port.
59 v
400
30*
J a n 15 Jan. 22
J i m . 29. | F e b . 5.
1,300
65,000
CO,0OO
64.000
Bale# of the week ______ bale#.
57.000
7,338
€00
1,300
1,700
Of wMeh exporter# took
1 ,0 0 0
3,500
5,100
2,000
Of which speculators took. 7,400
7,200
55,000
ei',000
50.000
53.000
23,038
0,000
0,000
3,000
3,000
For warded......................... .
00,000
8 *,000
8 <,000
61.000
i \963 Total #toek—Estimated........
1.195.000 t.^f O.OOO: 1.299.000
7,090
Of which American--Estiudu 097.000 1.049.000 1,097.000 1.141.000
700 Total Import of the week........
170.000 113.000 1•->0.000 135.000
Of which Aideclean.............. 157.000 101.000 1(9.000, 123.000
7,195 Amount atloat.__ . . . . . . . . . . . .
331.000 329.000 29 *,000; 265.000
320.000 320.000 -90,0001 255,000'
Of which American...........
12,225
6,351
The to n e o f th e L iv erp ool m a rk et fo r spots and fu tu res each
3,530 day o f th e w eek en d in g Feb, 5 and th e d sT y c lo s in g p r ic ts
8,880 if s p o t c o t t o n h av e been a s fo llo w s .
3.417
1,100

701

5,571
5,310
1 «2

400
42
575

10
1,750

T o ta l..—
................ ... — ........ ........ - * - ........ -* 159 75)
T h e particu la rs o f these sh ip m en ts. arran ged in ou r usual
fo r m , are as fo llo w s.
Other
B rem en RolterL ie tr - United
<t Hum- dam -t SouUt
p ool. K in g d H avre. burg. Antm ’p. Europe, Ja p an . Tcna .
7,'64 i 6 ! ’< t»72 1581 ........ 8.671 ........ 21,813

S p o t.

S a tu r d a n M o n d a y .

Market, (
1;45 P. M. \

Quiet.

Mld.Dpl’ds.

316la

5a£68 . . . . . . .
Spec. A exp.

8,000

F u tu res .

Market, (
1:45 P. M.l

500

Fair
demand.
3« e
10 ,0 0 0

500

T u esd ay.

W ed 'tta y

Quiet.

Freely
offered.

500

10 ,0 0 0
1,0 0 0

Snaa.

buyers'
Harden’s Infavor.
•J.U3S

320.,2

3«u

8,000

T h u r s d 'y

3alae

10,000

8,000

500

500

Quiet at Steady a* Steady at Quiet at Steady at Steady at1-C4 de­ partially partially partially 1-64 ad­ partially
1-04 dec.
cline.
vance.
1-04 adv. 1-04 dec. 1 (54 dec.

Market, (
4 P. M. \

Dull.

Steady.

Steady.

Steady.

Quiet.

Quiet and
steady.

T he prices o f fu tu re s a t L iv erp ool fo r ea ch d a y are givt n
hdiow . P rices are ou the basis o f U plan ds, L o w M id d lin g
Sc » York.
S. Orleans, 7.336 3.700 . . . . 23,0-jS .................................. 33.074 clause, unless oth erw ise seated.
37,753
............. 7.7»0
Oalvi-aton.. SO 963
The prices a re gi ven in p en ce and 64th. T h u s: 3 63 m eans
la , r o 3 53F
........... 12,2:5
7.435
8 a* a
63-01;/., and 4 01 means A 1-0 Id.
0.351
B ror.w iel, e . s . l
3.530
Chart atoi. 3.530
8.680
in o n .
W e d . T liu r s .
F rI.
B atu r.
T oes.
S.680
Wilramirt'n
4,517
Jan. 30 lo
...............
1 ,1 0 0
3 417
N orfolk701
1 2 ^ 1 I:4b 4 1:45 4= 1:40 4 1:45 4 1:45 4
701
Feb. 5.
N'p't Neva
5 571
P. ML P.M P. M, P.M. P.M. P.M. P. M. P. M. P. M. P.M. P.M. P.M
5.57!
Boston..
5,872
400
162
5,3!0
Baltimore.
617
d.
d.
a.
FbliluM’!,.
d.
d
d.
d.
cl.
d.
<i.
d.
d.
42
575
1,760 F ebruary... 3 56 3 58 3 56 3 58 3 57 3 56 3 58 3 56 3 58 3 57 3 58 3 5 7
.................................. 1.750
San Fran..
10
l o t a ] .... -7 ,t30 3,062

372 53,314 1,500 6,671

1,750 150,753

B elow w e add th e clearan ces this w eek o f vessels c a r r y in g
coi ton fro m U n ited States ports, b rin g in g ou r d ata d ow n t o
th e latest dates:
G iivgaroa—To Manchester—Jan. 30-Steamer Yaia, 5,074.
To B a n t-J a n . 30—Steamer Saba, 8 ,4 9 9 .
In Brfmcu-Jan 3<’-8t<amer Loolimore, 4,950.
1o Krjtti 1dan,--Jan. 30—fit* aimer City ol Worcester, 571— Feb. 4—
Stean er 1 borciiea SCO.
t»,w O n m iss- 10 Uveipont-Jan. 28—Steamers Masrloian, 10,979;
Taint lean, 6,370... Jan 30 - K eam ns Cob1a Rioan, 2,910; San!*t,6 ( rino, 3,0t 0 ... Feb. 5—Stermer Mira, 5,000.
. To Bellas'—Feb. 2—Steamer Torr Head, 2.781.
1o Manetiim-r—Feb. 2—steamer Salopia, 3,100
Feb. 3—Steamer
Luclca. 3 97<.
To Hum . - Fi b. 2—Steiiiners Benrath, 5,406; Haddou Hall, 6,435
... Feb, 5—Stf-uu er California. 6.513.
To Hamburg—Jan 30—Steamer Alternants, 2,270.
To BotterOatb—Jan. 30—Steamer Aoo, 200.
To A t t* f rp-F eb. 3—Steamer British Prince, 793.
M cm i.t-T o Liverpool—Feb. 3—Stean er Y.ra, 4.875.
To MamTiesr.r—Feb. 4—Steaaer Etbtopo, 2 ,2 6 7 .
1o Bren rn—Jan. 30—Steamer Cblekiaiie, 5.328.
Fk sh c o l a - T o Progress''—Jan. 29-Bt«amer Uto.200.
S iv abnah I,, Bren en—Feb. 4 —Steamer Poit PhUln, 4,512.
To Antw rrp-F .b. 4—Steattier Port Pbilip, 1,096
Ti Barcelona—Jan. 30—Steamer Miguel M. PlolllOB, 3,871.
o Malaga-Jan. 30 .-twiner Miguel M. Plnillos, t.OOO.
Ti-Oen ... Jan, 2 .1—Steamer Unwornl, 3,2oo,...Jan. 30—3teamer
Stlgoei M, Plnllloe, l.SOO.
Oba ilkatos —lo Bremen-Jan 29—Steamer Corona, 4,350.
l o Bar« lorm and (Jenoa—Feb. 4—rteamer Fallca, 4,057.
NomcoOK— 10 Liverpool—Jan. 29—steemer Drumnizler, 450.
To Antwerp - Fan. 2 —Meaner jvnhthr Commander, 709.
Hiv, roUT News—lo Liverpool—Feb 3—Steamer Kai awha, 1,379.
B- ».i - T. Lirerreol -Jan. 2 6 —8tet trier Victorian, 7,043 upland and
279 t-r* laiand__ Jan. 27—Steiiner Angloman, 1,288.. Jan. 29—
stean er Catalonia, 2,160— Feb. I—Siearner Sachem. 1.213 up
i«nd and f 01 », a 1 land... Feb. 2-Staamer Ooscriau, 1,243.
B ai.;
roBreiLen-Feb. 4 Steamer Muoohen, 2 , 2 6 4 ,
rn ii., m i r in a i o Liverpool-Feb. 1 —Steamer Indiana. 258.
Sac r«A5i I*C"- Tn Japan—Feb. 2-Steamer Gaelic, 3,700.
SitAiti r;- Io Japan-Jan. 29-Steamer Tenohln Maru, 9 0 0 ..,,Jan. 30—
Steamer Agapantbua, 3,250.
C o tton freigh t* th e past w eek h av e b een as fo llo w s .

Lvarpool.Mked ,<jj
Ho
.......... ,d.\
& m m . . . . . . . . . . . .<r.
IB* ..................«.
Br*miea............ <#.
Do . . . . . . __ d.
Haaibnrn........ .a .
l*>
.......... rf
JLffiH'terdam,., „.
Du Wh HSU,..#.
Barcelona, ___ d
9 w m ............. ..rf.
Trieste........... d.
Antwerp.. **,* „.,eL
Antw'fj.fL >

Batur,

M on.

***
....
30f

3sa

T uts.

Wednes. T kurs.

OH.

hi

171

17!

301

30f

301

301

301

301
....
301

301

301

301

301

30!

301

301

301

25!

301

30*

30;

30!
7»2
31S

30*
7aa

30!
La
3IS

301
7N2
*16

35!
a!0

351
*14

351

35t
3,4
B64
1IM

%
3.5!
■

35!
'*V*

Hi
11.1

:h&

9S4
n.4

r eb.-March.
Meli.-April..
.April-.M a y ..
M av-Juue..
J uns-J uly .
Ju ly.-A u g ..
A ug.-Sept..
8ep t.-O ot...
O et.-K ov ...
D oo.-Jan ...

3
3
3
3
3
3
3
3

56
57
58
59
59
59
57
51

—

3 56
3 56
S 57
3 58
3 58
3 59
3 57
3 50

__

3 56
3 57
3 56
3 58
3 59
3 59
i 58
3 52
3 47
3 46

3
8
3
3
3
3
3
3
3
3

58
59
59
60
60
61
59
63
48
47

3 57
3 58
3 59
3 59
3 60
3 60
3 59
H 52
3 48
3 47

3 56
3 57
3 58
3 59
3 59
3 00
3 53
3 52
3 47
3 46

3
3
3
3
3
3
3
3
3
3

56 3 5613 58 3 57
57 3 5 7 13 59 3 5S
58 3 53 3 GO 3 59
58 3 59 3 60 3 60
59 3 60 3 61 3 60
60 3 60 3 61 3 61
58:3 59 3 60 3 59
52 3 52 3 54 3 53
48 3 48 3 50 3 49
4713 47 3 49 3 48

.... ....

3 58
3 58
3 59
3 60
3 60
3 61
3 59
3 53
3 49
3 48

3 57
3M
3 59
3 60.
3 60
3 61
3 59
3 53.
3 49
8 48-

B R E A D S T U F F S .
F riday , February 5, 1897,
There has b een a fa ir a m ou n t o f business tran sacted in
spring patents at a d eclin e o f 10c. t p 15c. per bbl. F o r oth e r
grades o f w h ea t flou r, h ow ev er, there has been a v e ry s lo w
m arket, but as stocks h av e n ot been jla rg e, th ere has b een n o
attem pt on the p a rt o f sellers to fo r c e business, and va lu es
have h eld a bout steady. T he d e tn m d for ry e flou r has c o n ­
tinued quiet a n d prices h av e been low ered a b ou t 10c. per b b l.
B u ck w h ea t flou r has h ad a d ecidedly slow sale, but n o ch a n g e s
have been m ade in q u oted valu es. C o m m eal has co n tin u e d
to sell s low ly , and a red u ction o f 10c. has been m ade in
prices. T o-day the m arket fo r w heat flou r was w ith ou t
ohange.
E arly in the w eek there was a m od era te a m o u n t o f a c tiv ity
to the speculative dealin gs in th e m arket fo r w heat futures.
T he advan ce, w hich started at th e close o f ’ C h an ge o n last
F rida y as a result o f rep orted large e x p o rt pu rch ases, w a s
con tin u ed on Saturday, and prices closed at an a dva n ce o f % c .
from the cu rb prices o f the previous day. M on day, h ow ev e r,
u n der d ecid ed ly disa p poin tin g advices fro m L iv erp ool, the
m arket turned w eaker. L on gs sold freely to realize profits,
and there was som e sellin g fo r “ sh ort” a ccou n t. The close w a s
at a decline o f \ % v . fo r the d a y. Tuesday the m arket a g a in
turned stronger. F oreign advices reported h igh er m arkets
and it w as believed that the break o f the previou s d a y was th e
result o f m anipulation. Shorts b ou g h t to ca ver con tra cts and
nearly all o f M on day’s loss in prices w as recovered . D uring th e
rem ainder o f th e w eek th ere w as a q u iet and u n in terestin g
m arket, w ith the ch a n ges in prices fra ction a l. T o-d a y th e
m arket w as q u iet b u t steady. In th e spot m arket business
has been q u iet. Shippers have s h ow n less in terest and valu es
have w eakened E l i g i b l y . N o trades w ere rep orted to-d a y .
N o. 2 r id w inter w as qu oted nom inal at 94J.^c., f. o. b. afloat;
N o. 1 hard D uluth at 9 3 l£ : , f . o, b. a flia t, and N o, 1 N orth ­
ern at 8 ( 5^0 ., f a q, b, afloat.
DAU.T CLOSING I'KIOIIS OF NO. 2 BBD W1MTIIB WHEAT.

February delivery........ 0 ,
March dell very............... 0 .
May delivery................. 0 .
July d elivery................. 0 ,

Sat.
84
85
82 q
7
79%
e Bs

i f on.
82^3
SSL
80%
78Hi

Tuts.
83?g
85
82i*
79 >4

Wed. Thurs.
833fi
83%
84 “2 (iU084'7B
K1L 3 * 8 2 (9
78°s
79 M

F r i.
84
85i«
S25*
79 >•

THE CHRONICLE.

F e b r u a r y 6, 1897,]

Speculation in the market for Indian corn futures has been
dull and prices have gradually weakened under free offer­
ings from the West, although a continued export demand,
particularly at outports, and liberal clearance from the sea­
board, have prevented a material break in values. To-day
the market was dull, with the changes in prices unimportant.
In the spot market shippers have been less active buyers; still
a fair business has been transacted at outports. The sales
to-day in the local market included No. 2 mixed at 29c.
in elevator and 30c. delivered; do for export at 29J£c. f.o b.
afloat, and No. 2 mixed at 27^c. in elevator.
o a il v o l o s in g

.
M a y d e l i v e r y . . . . . _______e
..
..
o.
J u l y dellv e r y ......................

eai
Sat

jp n o .

i f on.
29%
30*8
3118

30M
31%

2

o o a ts
W ed.
Thun.
29
28%
30
29%
3
1*«
31^8

DA1LT GLOBING PBIOH8
S a t.
2 1 1a
22^4
23

28%
2 9 7s
31%

OP NO. Z M IXED OATS.
W ed .
Thun.
Tu e*.
H on.
21
21
21>4
2118
22
22
22%
2218
....
23
....
22%

F ru
2 lie
22
22%

Rye and barley have had a fair export sale at steady prices
FLO tJK.
5
P i n e ..................... # b b l . * 2 OO® 2 8 0 |P a t e n t , w i n t e r ..............7 5 ®
4 80®
B u p e r f l n e . . . . _________ 2 2 0 ® 3 0 0 | C i t y m i l l s e x t r a s ____
E x t r a , N o . 2 .................. 2 7 0 ® 3 2 5 i B y e f lo u r , s u p e r f i n e .. -z 5 0 ® 2
3 25® 3 60 B nohw heat f lo u r ..... 1 05® 1
E x t r a , N o . 1 . . . .........
C le a r s ..............................
3 7 5 ® 4 25 ! C orn m e a l—
W e s t e r n , & o .............. 1 7 5 ® 1
'S t r a i g h t s ........................ 4 2 0 ® 4 5 0
____
195
P a t e n t , s p r i n g ............
4 3 5 ® 4 6 0 1 B r a n d y w in e .
f W h e a t f l o u r In s a c k s s e l ls a t p r i c e s b e l o w t h o s e f o r b a r r e l s . ]

00
95
15
90

G R A IN

W h ea t—
S p r in g , p e r b u e l t ..
R e d w in t e r N o . 2 . .
R e d w i n t e r . . _____
H a r d , N o . 1 ..............
O a t a —M i x e d , p e r b n .
W h it e ........ ..................
N o . 2 m i x e d ............
Wo. 2 w h i t e ...........—

e.
8 5 7t
92
81
9 3 d>
19 7b
2 0 3 »®
2 m «
24

0.
95
94%
95
93%
23
30
2 2 ia
25

C orn , p e r bu sh —
W e 8 t’ n m i x e d .
N o . 2 m i x e d .............
W estern y e l lo w ..,
W e s t e r n W h i t e ____
R ye—
W estern , p e r b n s h .
S ta te and J e r s e y ..
B a r i e v — W e s t e r n ___
F e e d in g ...................

0.
30%
30
31%
31%

o.
26
29
28
28

7b
w
7b
7b

40
40
38
33%

7b 4 7
■w 4 7
7b 4 8
35
a

m n a llv g iv e n h e r e > ee p a g e 2 7 1

THE

DRY
New Y

GOODS

o r k

1897.

1896.

W eek. S in c e J a n . 1 .

W e e k . S in c e J a n . 1 .

N e w Y O B K T O FE BB U A RT 3 .
G r e a t B r i t a i n ____ ____________
O th e r E u r o p e a n ..................... ..
O h in a ..................................... .
I n d i a ....................................
A r a b ia ......................................... .....
A f r i c a ...............................................
W e st I n d i e s ................... ......... . . .
d e x l c o ......................... ....................
C e n tr a l A m e r i c a .....................
S o u t h A m e r i c a . . . ......... ...........
O c n e r C o u n t r i e s ..................... ..

36
34
5 ,8 1 5
558
1 ,1 2 2
94
329
24
144
2 ,7 9 9
71

345
534
1 5 ,5 9 4
562
2 ,5 5 7
1 ,0 6 7
1 ,7 4 2
201
796
8 ,5 1 1
339

2
650
250
625
200
100
251
88
133
2 ,0 4 7
81

224
945
9 ,2 7 3
1 ,3 0 1
700
1 ,9 8 7
1 ,6 5 9
272
923
5 ,5 6 8
339

T o t a l .......................................... 1 1 ,0 2 6
0 a in a, v i a V a n c o u v e r * , . . . 4 , 9 0 0

3 2 ,2 4 8
7 ,9 5 0

4 ,4 2 7
1 ,5 3 2

2 3 ,1 9 1
2 ,5 3 2

............. ............ 1 5 ,9 2 6

4 0 ,1 9 8

5 .9 5 9

2 5 ,7 2 3

m ix e d

T u e».
29*8
30*8
313s

Trading in the market for oats for future delivery has been
dull, and as offerings from the West have been fairly liberal
prices have declined slightly. In the spot market business
was quiet early in the week. Subsequently, however, values
weakened with futures and shippers became more active
buyers. To day a limited amount of business was transacted.
The sales included No. 2. mixed at 21J^c. in elevator and No.
2 white at 24c. in elevator.
F e b r u a r y d e l i v e r y ..........o.0 .
M a y d e l i v e r y ....................o.
J u l y d e l iv e r y

295

TRADE.

, F r id a y , P .

M ., F e b .

5 , 1897.

The Fall River mills have been successful in securing the
required number of signatures to the short-time ageement,
and it has gone into effect this week. Ths curtailment is
equal to sixteen hours per week, and will continus for thir­
teen weeks. The maj ority of the mills will during that period
work 4 2 hours per week instead of 5 8 hours, but some, whilst
curtailing the full number of hours ia ths thirteen weeks,
will do it irregularly. The print cloth market is stronger as a
result, and has advanced l - 1 6 e . , but up to the present time the
demand has not been stimulated to any extent. The market
here has not been affected at all, and in the general
run of cotton goods has presented a uniformly dull
appearance, with an easy tone prevailing in mo3t directions.
Despite the fact that the redactions in tbe prices of bleached
cottons failed to draw out a good demand, there are evidences
of pressure on the part of sellers in both brown and coarse
colored cottons to move stooks by offering “ traiing” oppor
tunities to some of the larger buyers, and the staple goods
market is distinctly irregular. Spring Bpeoialties are in com
paratively fair request, and are the best feature in the cotton
goods division. The jobbing trade here and elsewhere shows
some improvement. Business in the woolen goods division
is gradually expanding, a considerable number of new linse
in men’s-wear heavy-weights having been opened this week.
W o o l e n G o o d s . —The heavy-weight situation has been
made much more interesting by the opening of a number of
new lines in men’s-wear woolen and worsted fabrics
during the past week, including some leading makes
which are always looked forward to. Buyers have given
more attention than previously this season to the dis­
play, and although the demand has not expanded m
ially, it has been more encouraging, particularly through
salesmen on the road. The majority of the new goods have
opened at last season’s prices. I.ight weights are still fairly
well re-ordered for quick delivery at steady prices. Business
in overcoatings continues moderate, and prices are unchanged
Cloakings are dull. Woolen and worsted dress goods disclose
more doing on supplementary requirements in both fancy and
staple lines. Flannels, blankets and carpets are without
material change.
D o m e s t ic C o t t o n
G o o d s —The exports of cotton goods
from this port for the week ending Feb, 3 were 11,026
p a c k a g e s , v a l u e d at $33*1,680, their destination being to the
p o i n t s s p e c i f i e d in t h e tables below:

T o t a l.......

1 F r o m N e w E n g la n d m ill p o in t s d lr e o t.

The value of the New York exports for the year to date has
been $1,264,930 in 1897 against $1,063,335 in 189tf.
Same low sales have been reported in brown sheetings this
week, chiefly in 4-yard goods, but although the market is
easy all around, the bulk of business has been done at
previous prices ia 3 yards and standards. Brown ducks sell
slowly and osnaburgs are inactive. There is no demand of
any account for 9-ounce denims, but lighter weights are in
moderate request; prices are irregular. Ticks are dull at pre­
vious prices, and other coarse colored cottons are inactive and
easy to buy. Tne sales of bla icbed cottons are still in small
lots, but a fair number of transactions have been recorded.
Low-grade bleached, slightly steadier under print cloth
influences. Wide sheetings are irregular with moderate
sates.
Cotton flannels and blankets slow.
Kid - fin­
ished cambrics inactive, but prices fairly steady. The
demand for fancv calicoes has been fair and for finer special­
ties also, but indigo blues, shirtings, Turkey reds and other
regular prints are dull, without change in prices. In the ging­
ham department business has been indifferent and without
special feature. Print cloths have ruled very firm, and in
face of a quiet demand extras have advanced 1-I6c. to 2 9-16o .
S to c k o f P r i n t O lo t h i ­
s t P r o v id e n c e , 6 4 s q u a r e s .
A t F a ll R i v e r , 6 4 s q u a r e s . .
A t F a ll R iv e r , o d d s i z e s . . . .

1897.
J a n . 30.
4 3 6 ,0 0 0
7 0 2 ,0 0 0
7 4 9 ,0 0 0

i»«e .
F tb . 1.
1 8 3 ,0 0 0
3 -* 2 ,0 0 0
3 2 6 ,0 0 0

1895.
F eb . 2.
7 * ,0 0 0
1 8 ,0 0 0
8 6 ,0 0 0

1894.
F eb. 3 .
1 6 7 ,0 0 0
1 6 9 ,0 f> 0
5 0 ,0 0 0

,8 3 7 , 0 0 0

8 9 6 ,0 0 0

1 8 0 ,0 0 0

3 8 6 , O tO

F o r e i g n D r y G o o d s . —Dress

goods and silks in spring lines
have been in fair request for small quantities atstealy prices.
Ribbons and laces show a better business doing. Linens con­
tinue dull. Hosiery and underwear quiet in both spring and
fall goods.
Im p ortatio n s a n d W a reh o u se W ith d r a w a ls o f Dry G oods

The importations and warehouse withdrawals of drygoods
at this port for the week ending February 4,1897, and since
January 1, 1897, and for the corresponding periods of last
year are as follows:
SC

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THE

296

C H R O N IC L E .

[V ol .

l a iy

.

March l, 1898, to March 1,1815, inclusive, at the rate of $2,000

and the remainder on March 1, 1816.
STA
TE and ClTr DEfA
N
TM
E
N
T. annually,
The present bond-d indebtedness of Albany

TERMS OF SUBSCRIPTION.

T hr I ssvkstobs’ Supplement will be furnished
to every annual subscriber of the

*Uhout extra charge

C o m m e r c ia l a n d F i n a n c i a l C h r o n ic l e .
T hr S t a t e a n d C it y S u p p l e m e n t will also be fur­
nished

without c.rtra

C h r o n ic l e .
T h e S t r e et

T

he

to every subscriber of the

R a i l w a y S u p p l e m e n t will likewise

furnished w i t h o u t
of the C h r o n ic l e .
be

ch a rge

ex tra

ch a rg e

to every subscriber

Qu o t a t io n S u p p l e m e n t , issued monthly, will

also be furnished

without extra charge

to every sub

scriber of the C h r o n ic l e .
TERMS for the Chronicle

with the four Supple­
ments above named are Ten Dollars within the United
States and Twelve Dollars i • Europe, which in both
cases lnoludes postage. ________
Terms of Advertising'— Per inch space.)
One tlsoe
....... ............. *3 50 I TOr Months (13 times)..$25 00
One Month
(4tlmeis>.. 1100 Six onths
(26ttm es).. 43 00
Two Month*
(8 times).. IS 00 I Twelve Months (52 times).. 5800
•The shove terms for one month and novrard are for stauclto* cards.

T t ie p u r p o s e o f th is S la te a n d C ity D e p a r t m e n t
is to furnish our subscribers with a weekly addition to and
continu ition of the State and City Supplement. In other
words, with the new facte we shall give, the amplifications
and c irrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and City Supplement to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.
!l Me hell County, T q x . — Court o f Appeals Decision.—&
decision of the Civil Court of Appeals, Second District, filed
at Fort Worth, Tex., on January 29,1*97, upholds the validity
o f an issu«? of Court House and bridge bonds o f this county.
It seems that at the time the bonds were issued the County
Commissioner*, failed to levy the tax for sinking fund and
interest which the law requires. The Paducah (Ky.) National
Bank, having in its possession some of these bonds, brought
suit in the District Court of Mitchell County to test the
validity of the bonds, and received a favorable decision. The
county appealed on the grounds that the levying of the tax
at the time the blonds were issued was a constitutional
requisite to validity, that the issuance of the bonds without
•o doing made the securities void, and that as the records of
the Commissioners?Court were open to the public the pur­
chaser of the bonds was chargeable with notice of a fatal
defect. In the opinion filed the higher court fully sustains
the lower, although this decision is contrary to opinions here­
tofore filed concerning city improvemsnt bonds.
As this
decision affects the validity of Court House and other county
improvement bonds of Texas counties amounting, it is said,
to 15,000,000 or m ire, i*s importance will be realized.
B o n d P r o p o s a ls a n d N e g o t ia t io n s . —We have r.
oeived through tho week the following notices of bondi
recently negotiated and bonds ollered and to be offered foi
Adams County, Ohio .—Bond .Safe.—On Feb. 3, 189'
County Auditor J. M Witten ray er asvarded the $80,000 c
bond* of the county to the trustees of the Wilson Worth
I'.ior Fund, of Adams County, Ohio, whoso bid was $31 20(
fv-voral other bids were received, but only two of them wer
in accordance with the conditions of the sale. These tw
r ,r‘;
stood & Mayer, of Cincinnati, $30,306, and Ri
dolpb Kb yte.!... & Co., of Cincinnati, $30,136. The secur
Fes are i per rent funding bonds and mature in twentv veai
from date of issue,
J J
Albany (Aunty. N, V.—Bowl Offering.—-Propose will b
r.-.r;-. 1 u n t i l :2 o’clock HOOD, February 16, 1897, by Count
rrensurer h. L, Biretey, for the purchase of $71,000 of wai
{can refunding bonds. The securities will be registered am
h- ir w*.-r.H at tix* rate of -1 per cent, payable semi-annually
I hirty-six thousand dollars of the principal wifi mature froi

County is
$661,000, and the assessed valuation for 1893 was $93,659,884 43.
Atlantic City, N. J .—Bonds Unsold. - I t it reported that
the $10,000 issue of bonds of tnis cite, proposils for which
were opened on January 30, was not awarded on that date.
Baltimore, Md.—Bond Sale.—On February 1, Mayor
Hooper, as Chairman of the Department o f Finance, opened
the proposals for the purchase o f $1 453,810 of stock of the
city, The loan was awarded to the Third Na ioaal Bank of
Biltimore, whose bid was 105 77 for the whole issue. The
other bids were as follows:
Merchants & Manufacturers’ Fire Insurance Company,
$80,000, at 105 67.
Col. Wind lie hi Peters, agent, whole issue, at 103%.
Mercantile Trust & Deposit Company and B iltiumre Trust
& Guarantee Company, whole issue or none, at 104'77 and ac­
crued interest.
Hambletoo & Co , whole issue, at 103 76.
Maryland Trust Company and Fidelity & Deposit Company,
whole issue or none, at 103 93.
Sperry, Jones & Co . and Dick Bros, & Co., of Philadel­
phia, whole issue, at 104-92.
John E. Hurst, $300,000 at 105-87.
Kummer & Becker, $10,000 at 104'50; $15,000 at 104'3o and
$25,000 at 104.
Margaret ,1. Bennett, $35,000 at 105'25.
Djuglas H. Thomas, whole issue, or any part, at 105'5835.
Stein Bros . $200,000 af 103 03; $200,000 atl03T4; $390,000 at
103-26; $300,0-10 at 103 38; $210,000 at 103 yd; $210,000 at
103 65 and $253,390 at 103-90.
H, A. Orrick, $850,000 at 103-80.
J. H. Fisher & Son, whole issue or none, at 104'02
Frank, Rosenberg & Co., $500,0)0 at 108-76: $500,000 at
103 89; $453,300 at 104 02.
Hopkins Place Savings Bank, $50,000 at 104-73; $59,000 at
104 51: $50,030 at 104 30; $50,000 at 104'09.
F D. Thompson, trustee, $40,000 at 105*25
Dalv & Co., $500,000 at 103-66; $259,000 at 103 71; $250,000
at 103-75
Alexander Brown & Sons, $275,000 at 105-85.
Bartlett S. Johnson, $250,000 at 103-25.
C. M, Stieff, $10,000 at 105.
Lowndes & Redwood, $25,000 at 104 87; 8100,000 at 104-50;
$25,000 at 104 61.
A. White Bond Co.. $150,000 at 191-635; $150,009 at 103;
$150,000 at 102-125: $350,000 at 102-470; $100,000' at 102-689;
$100,000 at 102-733; $'.00,000 at 102-777; $153,300 at 102-924.
S cand National Bank of Cambjrlaad, $10,000 at pic and
accrued interest.
The securities are dated January 1,1897, and mature July 1,
1938. Interest at the rate of 3% per cent is payable semi­
annually on January 1 and JulyT This issue of stock was
autho iz'd July 2, 1896, for the purpjse of funding the float­
ing debt of the city existing December 81, 1895. The citydoes not tax its stock, but pays the State tax on this issue.
Bayonne, N. 3.—Bond Sale.—It s reported that $7,000 o f
bonds of this city have recently been awarded to Thomas J.
Dalv at par. These bonds are a part of the issue amounting
to $20,00), of which $10,000 were recently sold to Cornelius
Zabriskie, of Jersey City, at par. Mr. Daly holds an option
on the remaining $3,090. The securities bear interest at the
rate of 4 per cent, and the principal will mature in twenty
years from date of issue. Principal and interest will be pay­
able in gold.

Belmar, N. J.—Bond Offering.—Proposals will be received
until two o’clock P. M , Fabruary 13, 1897, by the Mayor and
Council of the borough of Belmar for the purchase of $85,0 00
of improvement bonds. The securities will be of the denom ­
ination of $1,000. Interest at the rate of 5 percent will be
payable semi-annually and the principal will mature at the
rate of $5,000 annually on January 1, from 1901 to 1917
inclusive. Each proposal must be accompanied by a certified
check for 25 per cent of the amount bid.
On October 31, 1896, the bonded debt of this borough was
$19,000 ; floating debt, $9,000 ; assessed valuation, $1,060,500
and the tax rate (per $1,006) was $12-50.

The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Bingham ten, Y.—Bonds Defeated.—At a special election
held on February 2, 1897, the proposition to issu» $89,000 of
bridge bondi was defeated.
Bridgeport, Conn.—Bond Issue.—Bonds amounting to
$25,000 will probably soon be Issued by this city,
C alifornia—Bonds Proposed,—The State of California con­
templates the issuing of $1,000,000 of gold bonds to provide
fV>r the southerly ex c ision of the sea-wall of Sin Francisco.
The act is to be submitted to a popular vo e at the next gen­
eral election iu November if approved by the Legislature and
Governor.
The securities, if authoriz'd, are to be sold in parcels of
$200,000 by the State Treasurer, and will bear date of Jan.

F e b r u a r y 6, 1897.]

THE CHRONICLE,

or July 1 of the year io which they shall be sold. Interest at
the rate of 4 per cent will be payable semi annually on the
first days of January and July, and the principal will mature
in twenty years from their respective dates of issue. For the
redemption of these securities a sinking fund will be created,
known as the San Francisco sea-wall and thoroughfare sink­
ing fund.
Cass County, Mich.—Bond E lection.—It is reported that
an election will be held shortly in this county to decide the
question of issuing §30,000 of new court house bonds.
Centerville, La —Bond Sale — It is reported that this
municipality has sold §12,000 of refunding bonds.
The
securities will bear interest at the rate of 5 per cent and the
principal will mature in from three to ten years from date of
issue.
Charleston, S. C.—Bond News.—It has been decided that
the refunding bonds to be issued by this city will bear inter­
est at the rate of 5 per cent.
Charlotte, Mich.— Bonds D efeated. —City Treasurer Leiter
r e p o r ts t o th e C h r o n i c l e t h a t th e people o f Charlotte d e ­
fe a te d th e proposition t o issue electric light bonds by a vote
o f 525 to 58.
Cincinnati, Ohio.—Bonds A uthorized. —The Supreme Court
decided on February 2,1897, that the city of Cincinnati may
issue $i.500,090 of bonds to provide for the building of wa erworks, but that the bonds must be paid out of the water
revenue.
Bond S a le.- School district bonds of this city to the
amount of $75,000 have been awarded to the Citizens’ Na­
tional Bank of Cincinnati at 107 348. The securities bear in­
terest at the rate ot 4 per cent and mature in ten years from
date of issue.
Cleveland, Ohio.—Bond Sale —It is reported that this city
has sold $85,000 ot bonds at 115 87. The bonds bear interest
at the rate of 5 per cent and mature in frjm one to tweutyflve years from date of issue.
College Hill, Ohio.— Bond Sale.—The assessment bonds to
the amount of $9 629 53 offered by this vilUge o i Fe >. 2,
1897, have been awarded to 8. Kuhn & Sons, o f Cincinnati.
Ohio, for $10,149 50 and accrued interest. Other bids received
w ere:
T h e L a in p r e o h t B r o s , n o . , C l e v e la n d , O ..............................................1 0 4 0 5 0 3
O h io V a ll e y N a tio n a l B a n k , C in c in n a t i, O .........................................I C 3 - 4 H S
C e n t e r v i l le N a t io n a l B a n k , T h n r m a n , O ........................... ..
.........1 0 0 1 0 4 '7
C . R . W ild , C in c in n a t i, O ...............................................................................1 0 0

The securities will bear interest at the rate of 6 per cent,
payable annually at the Citizens’ National Bank, Cincinnati.
Ohio, ard the principal will mature, part yearly, from Feb. 2,
1898, to Feb. 2, 1907, inclusive.
Dexter. Mo.—Bonel Issue. —It is reported that this city lias
issued $100,000 of electric-light and water-works bonds.
Dothen, Ala.— Bonds Proposed. —It is reported that this
city has obtained permisiion from the Legislature to issue
$20,000 of water-works bonds.
Escondido Irrigation District, C a l— Bond O fferin g .—
Proposals will be received until February 8, 1897, by this dis­
trict for the purchase of $4,500 of 6 oer cent water-works im ­
provement bonds, maturing April 15, 1903.
Essex County, N, J.— Bowls Proposed. —It is reported that
this county contemplates the issuance of $1,500,000 of hoods
to provide for a new county court-house.
Flemingsbnrg, Ky.—Bonds Proposed. —It is reported that
electric-light bonds of this ci.y to the amount of $5,000 are
under consideration.

Kleybolte & Co., of Cinciuuati.
bids received :

297
W e give below a list of the

R. K le y b o l t e & C o ............................................................................................ 5 6 2 ,7 3 4
I r w i u , E llis & B a l l m a n .......... ....................... ..................................... .. 6 2 6 4 6
A t l a s N a tio n a l B n k . ............................................................. ................... 6 2 ,3 2 5
C it iz e n s ' N a t io n a l B i n k . ................................................... .......................... 6 2 , 3 2 t
G e r m a n N a t io n a l B a n k ....................... ...................................................... 6 2 ,1 1 8
S. K u h n & S o n .................................................................................................... 6 2 ,1 1 2
•T. M. S im o n s & C o ........................................................................................... 6 2 ,0 2 7
W . E H u t to n & O o .......................................................................................... 6 2 ,0 2 5
W e s t e r n G e r m a n B a n k ......................................................... ................... 6 2 ,0 0 0
H K . S h o o k le y & C o ...................................................................................... 6 1 , 6 8 0
A u g u s t V o s & C o . ................................................. ........... ............................ 6 1 ,6 2 0
S e a s o n e o o d & M a y e r ................................................. .................................... 6 1 ,1 2 5

20
00
00
OO
00
00
40
80
OO
00
00
00

The securities are 10-20 year optional bonds and bear inter­
est at 4 per cent.

Harrison Union School District No. 6, N. Y. -B o n d Sale.

—It is reported that $5,500 of 4 per cent bonds of this district
have been sold at 100'21.
Helena, ttout. —Bonds Propose d , —The reference by us
last week to a report that H ilena was considering the issu ance of $1,000,000 of bonds for the erec ion of a ne -v Capitol
was incorrect. It is the State of M mtiua that is building a
State Capitol at Helena, the contemplated cost of which is
$ 1, 000 , 000.

Hillsboro, Tex.—Bond Issue.—Mr. C. A. Sullenberger,
Treasurer of this city, reports to the C h r o n i c l e that the City
Council has in pr-paration an issue of water-works and sewer­
age bonds to the amount of $12,000, and it is thought that the
securities will be ready for sale about March 1. The bonds
will bear interest at the rate of 5 par cent, payable semi­
annually, ard the principal will mature in forty years from
date of issue. Both principal and interest will be paid in
gold at the Chemical National Bank, New York. Of the city
of Hillsboro, Mr. Sullenberger says ; “ It is in a fine agricul­
tural section, is the county seat of Hill County, has a steadily
growing population and taxable valuation, and its finances
are in excellent condition.”
Holden, Mo.— Bonds Proposed.—It is reported that this city
will soon issue $12,000 of bonds to provide for an electriclight plant.
Hudson, N Y.—B o n d s ale.—It is reported that this munici­
pality has disposed of $5,000 of bonds at 1(3, $4,000 at
102 1235 a d $1,000 at 10 2'125. The above bonds are refund­
ing honds, bearing interest at the rate of 6 per cent and
maturing in 1913.
Independence, Mo.— B o n d s D efeated.—The citizens of In­
dependence have defeated by a large majority the proposition
to issue $75,009 of sewer bonds and $10,(00 of city hall bonds.
Jacksonville, Ala. — Bond Issue.— It is reported that this
city is about to issue bonds to the amount of $75,000.
Massachusetts.—Bond Offering.—Proposals will be received
until 12 o’clock, noon, February 8, 1897, at the office of the State
reasurer, E. P. Shaw. B iston, Mass., for $6,000,000 of bonds
of the “ Metropolitan W iter Loan.” Ths securities will be
issued in the form of coupon bonds of the denomination o f
$1,000, dated July 1, 1895. Interest at the rate of 8}^ per
cent from January 1, 1897, will be payable semi-annually on
January 1 and July 1, and the principal will mature July 1,
1935. The bonds will be delivered as coupon or registered
bonds, at the option of the purchaser.
Principal and interest will be paid in gold at the office o f
the Treasurer of the Commonwealth in Boston.
All bids must be accompanied by certified checks for 2 per
cent of 'he amount bid for.

(iallipolls, Ohio.—Bond Sale —It is reported that this city
The official advertisement o f this bond sale will be fou n d in
has awarded $75,000 of bonds to S. Kuhn & Sons at a pre­
the State and City Department o f the C h r o n i c l e o f Jan. SO.
mium of $8,732 50. The securities b^ar interest at the rate of
5 per cent and are payable in from eight to nineteen years
Marietta, Oltle—Bond Election.—It is reported that on
from date of issue.
Feb. 8, 1897, the citizens of this city will be called on to vote
GHenville, Ohio.—Bond Offering.—Prop>sals will be re- on a proposition to issue electric-light and school bonds
until 12 o’clock noon, February 20, 1397, at the office amounting to $55,000.
of Z W. Morris, Village Clerk, for the purchase of coupoa
Memphis, Tenn.—Bond Sale.—This city has decided to
bonds of this village to the amount of $100,000. The securi- sell the $60,000 of 5 per cent bonds to Seasongood & Mayer
of
Cincinnati, O., at 104.
*1®8
fche nomination of $1,000. Interest at the rate
?• ^ " 2 per cent will be payable semi-annually from Auril 1,
Milwaukee, VVis.—Bonds Proposed. —It is reported that
1897, and the principal will mature April 1, 1917. Bids for thisci'y proposes to issue $159,000 of bonds for the Grand
less than par will noo b$ considered. The bond are to be Avenue viaduct.
issued for the following purposes: S*war cooscructi m,$S),Meant Sterling, Ohio.— Bond Offering.—Proposals will be
000; water supply, $20,000; fire department, $10,000, an i the
received until February 23, 1897. by Village Clerk John W.
balance for lighting the village.
Hanawalt for the purchase of $8 000 of bonds of this village.
Hackensack School District, S. i . — Bonds A uthorized.— The securities will bear interest at the rate of 6 per cent, and
Cieo. N. Comes, Clerk, reports to the C hroniclvj that $15,000 the principal wi'l mature in from 18 to 25}-£ years from date
Of refunding bonds of the district have been auth rized by of issue. The denomination of the bonds will be $500 and the
the voters of Hickeneack. The denomination of the securi­ proceeds are to be issued for electric-light and water purposes.
ties will b-* .100; they will bear interest at the rate of 5 per
Mount Yernon, N. Y.—Bond Sale.—Bonds of this city to
cent, payable s-mi-annually, and the orincip tl will mature the amount of $24,000 havp recently been sold to E. Morrison,
asfofiows: $20,000 on September 1. 1898; $20,000 September of New York City, at 10329. The bonds bear interest at the
1.J899; $20,000 September 1, 1939; $25,000 S jp w m b -r 1, 1901; rate of 5 p< r cent, and the principal will mature in 3 years
J* Ptember 1. 1902; $20,000 September 1, 1903, and from date of issue.
.20,000 September 1. 1904. The bonds w ill be advertised for
Newberry, S. C.— Bond Sale.—Oa January 35. 1897, water
sale about July 1, 1897.
and electric light boitds of this city to the amount of $42,000
1 nQ■^*nle ^ ,T,,
Ohio.— Bond Sale .—On January 27, were awarded to Geo. W. Williams, Jr , of Charleston, at
® ” oar<J of County Commissioners awarded $60,000 101'003. The following bids were also received ; Newberry
or Mitchell Avenue aqueduct bonds, series No. 2, to Rudolph Savings Bank, 100'50; II, Asher Ensign, 95.23; Jos. N. Brown,

THE

298

CHRONICLE.

$10,wO at 100; 3. H. OntendoriT, $5,000 to $10,000 at par. Ti e
Mcuritim *iH bo date*! Jan. 1. 1807. and the principal wit'
mature on Jan. I, 1837. Interest at tho rate of 0 per cent
will be p&yabW u s u a lly on January 1 at the National City
Bank, Now York. The denomination of the bomla will be
$300.
New l'nrk City, N\ X.—Bond Sale.—It is reported^ that
New York CHv has sold bonds to the amount of $910,953 to
the Sinking Fund Corn mission at par.

fV o L, L X 1 V .

*897, have been sold at 95. The securities will bear interest
at the rate of 4 per cent, payable semi-annually cu Jan. 1 and
July 1. They will he dated Jan. 1,1897, and b« payable Jan. 1,
1912, or at tne option o f the county after Jan. 1, 1902. Both
principal and interest will be payable at the Hanover Na­
tional Bank, New York City, Tue county has no bonded
debt. The assessed valuation is $1,074,278 and the real
valuation about $5,000,000. The population in 1890 was 14,016.

Proctor, F t .— Bond Sale.—The $50,000 of water and sewer
bonds offered by the village of Proctor on January 32, 1897,
Oregon.
C^'rrfiij;.—Proposals will bo received have been awarded to the National Life Insurance Company
until February 18. 1897, by L Moore, Treasurer, for the pur­ of Montpelier, Vt. The bonds bear interest at the rate of 4
chase of w . ter-works bonds of this city amounting to $35,000. per cent, payable semi annually in Boston, Mass., or Proctor,
The securities are to bo coupon bonds bearing interest at the Vt., and are of the denomination of $1,000.
rat.- of 5 per cvnt. payable annually, and the principal will
Rensselaer County, N. Y.—Bond Sale .- O n January 29,
mature in twenty years from date o f issue.
1897, refunding bonds of this county to the amount of
Outiyee County. Idaho.—Bond Offering. —Proposals will $33,000 were awarded to E. O. Stauwood & Co.
be reo-ired until twelve o’clock noon Anril 13. 1897, by the
A list of the bids received is as follows :
Hoard of County Commissioners at the office of E. L Ballard,
..1 0 4 ■847
Clerk of the Board, Silver City. Idaho, for the purchase of B. C. Stauwood A C o_
Savings Bank........
..1 0 4 -0 3
coupon bonds of this county to the amount of $61,000. The Troy
Fatsoo, Lendl A Co........
.1 0 1 M 5 9
securities are to bear interest not exceeding 6 per cent, pay­ i>, A. Moran A Co...........
.1 0 4 -2 9
.1 0 4 -2 5
able on the first days of January and July in each year, and Isaac w. S h errill...........
W. Harris A C o ......
.1 0 4 -1 5
the principal will mature one-tenth annually, beginning ten N.
iirrtron A S torrs..........
,.1 0 4 -1 2 8
rears from date of issue. Both principal and interest will be Street, Wjltes A Co .......
..1 0 4 -0 6 5
payable it, gold at the office of the County Treasurer. Bids The Lampreoht Bros. Co
.1 0 4 - 0 5
.1 0 4 -0 3 9
for less than par will not be considered. The proceeds of the R . h . D a y & Co ............. .
Klnke Bros. A Co...........
..1
0 3 -9 5
above issue will be used Tor the purpose of paying the floating Delta. Denison A Prior...
..1 0 3 -9 5
debt, which on January 15,1897, amounted to $86,392 60 ; the Fred Taylor A C o ..........
..1 0 3 -7 7
..1 0 3 -4 9
cash assets on January 4 amounted to $33,190 03. In 1896 Geo. W. Hahn..................
O. Jones C o ................
..1 0 3 -1 5
the total assessed valuation of the county was $796,809 and E.
Rudolph Kleybolto A Oo
,.102t8
the total tax rate (per $1,000) was $35. Property is assessed S. A. Koan .......................
..1 0 1 -1 2 5
at about 40 per cent of it« real value. In 1890 the population
The securities are 4 per cent coupon bonds of the denom i­
was 2,031 and at present ia estimated at 5,600.
nation of $1,000, dated February l, 1897 ; interest payable
I’ lainileld, N, 3.—Bond Sale.—It is reported that the E. C. semi-annuaily and principal maturing at the rate of $2,000
Jones Co. has taken $24,000 of Plainfield bonds at 103' 15. each year. The total bonded debt of the county, excluding
The loan will bear interest at the rate of 4 per cent and this issue, is $650,000 ; the assessed valuation for 1896 was
$79,013,577 and the population ia 1890 was 124.511,
mature in forty years from date of issue.
St. Jollosbury. Y t — Bond Offering.—Proposals will be re­
Pope County, III.—Bond Sale.—It is reported that the
$16,000 of bridge bonds offered by Pope Countv on Jan. 7, ceived until 12 o’clock norm Feb. 10, 1897, by W . S. Boynton,

NEW

LOANS.

N E W LOANS,
§ 8 5 ,0 0 0

^ 7 5 ,0 0 0

NEW

LOAMS.

8 2 2 , 5 i '0

Town of Stamford, Conn., Borough of Bel mar, N.J., City of Bradford, Pa.,
Funding 4 Gold Bonds,

SK BONDS.

DIE 19*17*

T h e M ayor and Council o f th e B orou g h o f Beltnar,
w lR b$ receiv ed by th e .Selectm en and o f the C ou nty o f M onm outh, S tate o f N ew Jersey,
Trennarer o f D ie town, -of Stam ford* Cent)., until will receive, at the office o f t h e Clerk in said B orough,
©den. M onday, F ebruary M ill, is o ? , f o r th e purchase u p to and until th e th irte e n th day o f Febru ary, A . D.
} « w h o le or til part Of $"5,000 o f th e bon d s o f the 1897, se a le d proposals or bids f o r an Issue o f Im­
provem ent bonds o f said B orou eh . aggregating $85,
ow n o f Stem ford , Conn,
T h e*# bond # will b e issued t o retire an equal 0O0, to be issued in sum s o f $1,0Q0 each, five o f
iffiotiiit o f the that in i; debt o f the tow n , contracted which bonds shall he payable on t h e 1st day o f J a n u ­
by ‘ xtxm diUirt* f o r # eb «of bruises, bridges a n d oth er ary, HNJl, and five o f said bon d s an n u a lly th e r e a fte r ,
perm anent im provem en t#, an d are payable In g o ld so th at th e w h o le o f said issue shall be paid in tw en ty
o p e n F ebruary tat, S©f7, interest payable in gold (20) years; said bon d s t o b ear in terest a t th e ra te o f
five (5) per centum per annum , paya ble sem i-an n u ­
A u r m t i* t and F ebruary 1st at office o f TreaM irer.
B on d* wilt be deliv ered o n F eb ru ary 20th, 1897, ally, T h e proceeds o f said bo n d s are t o b e used f o r
t he construction o f sew ers and water w ork s and im ­
W-tiew thus p-rie# -bkl
be paid to th e T reasurer by
pro ve m e n t o f st reets o f th e said B orough, pursuant
th e
fu} tdddtsri*
Proposal* m o u ld b e sealed and addrcMted t o “ T ile t o a popular v o te o f th e legal v o t e r s o f said B orou g h
Bids m ay be m ade f o r t h e e n tire issu e o f said
T«s>»© T tm tm w r , S ta m ford , C onn,, and m arked
••Fbcpcaai# fo r lfc>r.ds,” and m ust be aeeonipanted by bonds, o r to r a fra ction al part o f said issue, and said
a t*-n m e4 ch eck f o r t t o i t ) per cent o f th e am ount bids shall be accom panied b y a certified cheek, equal
t o th e o n e -fo u rth (f|| part o f th e am o u n t o f said
T h # rig h t t o fe jd e t an y m alt bids i» reserved,
bid, as a guaran tee o f g o o d fa ith .
itn ltln g fu n d p rovide* f o r paym ent *tt m aturity.
T h e M ayor and Council re se rv e t h e rig h t t o r e je c t
I t l* p roposed t o Issue cou p o n bonds o f the d en om latAfem, o f |! „o(*& Bonds m ay b e registered.
any o r all bids, w hich will b e open ed at th e h o u r o f
T h e hood# are issued u n d e r See, 140, R evised tw o o ’c lo c k o n said day.
Dated BEIiMAU, Jail. 21, 1897.
8 taint*** o f t h » 8fat-© o f Counoeticw t, 188 *, and by
W M . 8. JA C K SO N ,
a u th ority o f « iow ti m eetin g held Jan uary I Sib* 1807. A ttest;
B . K. Rft-HAitDsoN,
M ayor,
F or fu rth er paitieular* address
Clerk.
W . IK DA SR A M .
Treasurer, T o w n o f Stam ford,
C h ic a g o D r a in n g e
..................................4
Dcs* M o t n c a , l a , ( S c h o o l ) ...............................» 4 H »
M
u
s
k
e
g
o
n
,
M
i
c
h
....................
!in
and
B o o t h O m a h a , N e b r a s k a . . . ....... ...................... 7 n
A s h la n d , W l » . ( G o ld ) ..
. . . .......... , . , . , . . . 5 *
W e n t C h i c a g o S t , H R . ( T u n n e l ) ............ . . . . f t *
F ir s t M o rtg a g e *

G O V ER N M EN T
M U N IC IPA L BONDS
Bought and Sold.

N. W. HARRIS & CO.,
BANKER H,
BO STO N .
-

MASON, LEWIS & CO.,
31 6t»l« ««.,

CUM UOO.
18 W 4 1 A a n u n ,

F O R SAM E B Y

BARKERS.
1,1 La Rnllr Ht,

BOSTON.

(111104 0 0

RKW Y O R K .

SAFE INVESTMENTS.

James N. Brown & Co.,
«1i Cedar Htreet,

RANKRR8,

-

-

NEW YORK

MUNICIPAL, COUNTY* SCHOOL AND
t o w n s h ip

BOUGHT

bonds

AND

80LD.

SEND

F O R

L IS T

City and County Bonds.
D IETZ, DENISON & PRIOR,
35 CONGRESS S T R E E T , - B O S T O N .
1 0 9 Superior S tre e t, C lev e la n d , O.

4- Per Cent Bonds.
Sealed proposals w ill b e re c e iv e d b y th e under­
sign ed a t th e office o f th e M a y o r o f th e C ity o f B rad­
fo rd , R o se n b e rg & M ich a el B lo ck , up to 5 o ’c lo c k
P. M.» M arch I, 1897, f o r sale o f T w e n ty -tw o T h ou
sand F iv e H u n d red ($22,f.OO) D ollars o f th e City
B on ds o f t b e City o f B ra d fo rd , Pa., a u th orized t o b e
issued by ord in an ce N o, 554 o f said city , a n d its
am endm ents.
T h e Bonds are $2,500 f o r te n years, $10,000 f o r
tw en ty years, •i-10,000 fo r th irty years, &%. In te re s t
payable sem i- annually.
E ach bid must b e acco m p a n ie d b y a certified c h e ck
in th e sum o f $500, t o b e fo r fe it e d b y th e suceessfu.
bidder in ease h o fa ll t o pay o v e r th e a m o u n t o f his
bid u p o n n o tice aw arding sale o f said B on ds to him
T h e r ig h t to r e je c t an y an d all bids is h ereb y r e
s erved .
G EO . C. F A G N A N , M ayor.
A . D . SL O A N , City C on troller,

S $ l < 3 0 , 0 0 0

City of Montgomery, Ala.,
30-Year 6* Paving Bonds.
S ealed bid s will b e r e c e iv e d until F eb ru ary IStb,
180?. 12 M „ f o r i lio purch ase o f O ne H u n d red and
F ifty -i liou sa n d D ollars, City o f M on tgom ery, A la .,
SO-year <i% B on ds, d e n o m in a tio n O ne T h ou san d D o l ­
lar* each. T h e Interest is payable *em i-annnnl>y.
May and N ovem ber, at. T h e A m e rica n E x ch a n g e
N ational Bank o f N ew Y ork . C ou pon* r e ce iv a b le f o r
Wire* and license*. T h e c ity reserves the rig h t to r e ­
je ct any mid all hid*.
R. H . 80M M K R V IX .I.E . T reasurer.

S I0 0 .0 0 0

Lackawanna

Co.,

Pa.,

4% Tax Free Bonds.
D a ted D ec. 1 . 1 8 » 0 .

D u e D ec. I ,

C ity o f Scranton is th e C ou n ty Seat.
P R IC E

ON

A P P L IC A T IO N .

EDWD. C JO N ES CO.,

321 CHESTNUT STREET,
PHILADELPHIA.

80 BROADWAY,
NEW YORK.

.

1HE CHRONICLE.

J a n u a r y 30, 1897]

Toledo, Ohio.—B on d Bale.—Refunding bonds of thi3city
amounting to $40,000 have been awarded to N. W. Harris &
Co. of Chicago at 103*32. O.her bids received were as follows:

Clerk of the village of St. Johnsbury, Vt., for the purchase of
$20,000 of 4 per cent funding coupon bonds of the village.
The securities will be dated Dec. 1, 1896. interest will be pay­
able semi-annually on the first days of June and December
at the First National Bink of St. Johnsbury, Vt., or the
North National Bank of Boston, Mass., and the principal will
mature as follows: $1,000 Dec. 1. 1907; $4,000 Dec. 1, 1908;
$4,000 Dec. 1, 1909; $4,000 Dec. 1,1910; $4,000 Dec. 10, 1911.
The denomination of the securities will be $500. The total
indebtedness of the village, including this issue, is $94,700.
This does not include the water debt, which amounts to $37,500. The assessed valuation for 1896 was $3,406,927; the real
valuation (estimated) is $5,000,000; and the population is
estimated at 4,500.

D ietz, D en ison & Prior............... ............................................ ........ . .....1 0 8 * 3 2
S o iiz e r & C o ................
... ,1 0 5 ' 9 7
L am prech t Bros. C o........................................................................................... 105 7 7
F arson, L each & Co. ...............................- ........................ ......... .................... 105*71
W. J. H arris & C o..........................
105*22
S treet, W ykes & C o _____ _____ _______ _________________ . .. .. . . . . 1 0 5 * 1 7
R udolph K ley b o lte & C o................. .......................... ..................................1 0 4 * 5 0
S e a s o n s o o d & M a y e r ...........................................................

visors of San Francisco for authority to issue bonds to com ­
plete the city sewerage system. If au horized, the bonds
will bear 4 per cant interest and mature in forty years from
date of issue.

San Miguel County, Col.—Bond S ale.— It is reported that
this county has sold $24,000 of 7 per cent school-house bonds
at par. The securities mature in fifteen years from date of
issue.
Sevier Connty, Tenn.—B on d P e titio n . —It is reported that
the Legislature of the State of Tennessee has been petitioned
by the authorities of Sevier County for permission to bond
the county to the amount of $70,000 for the purpose of con­
structing county roads.

Tiffin, Ohio—Bond O fferin g.— Proposals will be received
until 13 o’clock noon February 12. 1897. for the purchase of
bonds of this city to the amount of $19,500. The securities
will bear interest at the rate of 6 per cent and the principal
will mature in ten years from date of issue.
Tippecanoe City, Ohio.—B on d Sale —It is reported that
$23,000 of electric-light and water bonds of this city have
been sold at 111195. The securities bear 6 per cent interest:,
and the principal will mature in fifteen years from date of
issue.

NEW LOANS.

N EW LOANS.

Investment Bonds

CITY OF PITTSBURG, PA.,
4

PER

New York Savings Banks
and Trustees.
L IS T S

SEN T

UPON

DUE FROM
1901
E IT H E R R E G IS T E R E D

M E M B E R S O F BOSTON A N D N E W Y O R K
STOCK E X C H A N G E S .

BANK AND TRUST

Farson, Leach & Co.,

BONDS.
Z

W ALL

STREET.

M il l s

FO R

4s
4s

19 M IL K
.
.

&

SONS,

STREET,
.
.

M U N IC IP A L

M A SS,

Prices anil Particulars on Application,

NEW

YORK.

3%

OF

YORK

PER C E N T

&

B lanchard,

D U E N O V E M B E R 1st, 1916.
fN T E R E S T P A Y A B L E J A N . 1st A N D J U L Y 1st,
E x ecu tors, A d m inistrators, G uardians and o th ers
h olding trust fu n d s are authorized b y an a ct o f th e
New Y ork L egislature passed M arch 14,1889, to in ­
vest in these bond s.
P R IC E A N D P A R T IC U L A R S ON A P P L IC A T IO N

M UN ICIPAL BONDS Rudolph Kleybolte & Co.
B O U G H T A N D SOLD.
D e v o n s h ir e

B u ild in g ,

BANKEKH

CINCINNATI. O.
41 a n d 4 3 W a ll S tr e e t, N ew Y o r k .

16 State Street, B o sto n , Mass.

M O R TG AG E LOANS

BONDS.

IN

E. C. STANWOOD & Co.,

TEXAS.

B A N K E R !.,

121 D e v o n s h i r e S t r e e t .

R e u o v a , l’ a .,
15- Y ear Cou pon R e fu n d in g 4J^s

NEW

BANKERS.

A fu ll d escrip tion o f eith er o f th ese issues, w ith
prices, will be m ailed on app lication.

E. H . R O L L I N S

C o lu m b u s , O h io ,
14- Year C oupon Sew er 4a.

GOLD BONDS.

IN V E S T M E N T S

tity of Cambridge, Mass.,
•
City of llereland, Ohio,
-

F n l l R i v e r , IW a ss.,
30-Y ea r R egistered L ibrary 4s.

C om plete L is t o f O fferings M ailed.

‘2 W a l l S t .

New York Savings Banks

T r e n to n , N . J .,
10-Y ear Registered Sew er Is*

R o c k la n d C o u n ty . N. Y .,
9 -lft-Y e a r R egistered R e fu n d in g 5s.

NEW Y O R K .

1 1 .3 D e a r b o r n S t .

BAN KERS.

C IT Y

LISTS MAILED ON APPLICATION.

B O ST O N .

TO 1925.
OR
COUPON.

M U N IC IP A L

FUNDS.

C. H. W H IT E & CO ,
T r e n r o i i , N . .1 ..
20-Y ear R e g iste re d W a te r 4s.

YHANN& SCHLESINGER

S U IT A B L E F O R

F. H . SOUTHWICKL.

O W N A N D O F F E R . SU B J E C T TO S A L E ,

306 Fourth Avenu„.
PITTSBURO, I*A.

PUBLIC SECURITIES

C H . W H IT E .

7 2 and 7 1 B ro a d w a y , N ew Y o rk ,

JA M ES C A R O TH ER S,

4 0 W a t e r S tr e e t, B o u to n .
9 N aannn S tr e e t, N ew Y o r k .

C H IC A G O ,

BONDS.

Price and Particulars on Application.

R. L. DAY &, CO..

S A V IN G S

CENT

N EW LOANS.

W ATER,
PARK,
B R ID G E .

A P P L IC A T IO N

103*00

The securities bear interest at tne rate of 4% per cent and
the principal matures in 15 years from data of issue.
The above bonds were offered for sale November 10, 1897,
but owing to an error in the ordinance authorizing the issue,
they were withdrawn from the market. The error has sinca
been corrected.
Visalia, Cal.—B on d S ale.— I t is reported that school bonds
of this city to the amount of $4,000 have been sold at 103*16.
Watervllet, N Y. —B on d s P ro p o sed . —This city has de­
cided to petition the Legislature for permission to issue bonds
to the amount of $40,000 for a new city hall.
West Alexandria, Ohio.—B on d Sale. —It is reported that
water-works bonds of this city amounting to $16,000 have
been awarded to R. Kleybolte & Co., of Cincinnati, at
100*0149. The securities bear interest at the rate of 5 per
cent, and mature in from 7 to 33 years from date of issue.
AVest Point. Hiss.— B on d O ffering. —Proposals will be re­
ceived until 7 o’clock p m . March 15. 1897, by City Clerk
L. T. Carlisle for the purchase .of $30,000 of water-works
bonds. The securities will be dated Msy 1, 1807. Tney will
bear interest from June 1, 1897, at the rare of 6 oer cent,
payable semi-annually on the first days of June and Decem­
ber, and the principal will mature May 1, 1917.
Westerville, Ohio.— B on d s P rop osed — The citizens of this
city are contemplating the issuance of bends to provide for
an electric light plant and water works.
Woonsocket, R. I.— Bonds P rop osed —It is reported that
this city has petitioned the Rhode Island Legislature for per­
mission to issue sewer bonds to the a m ju n tof $100,013 and
fundiog bonds am muting to $350,000.

San Francisco, Cal.— Bond. P e titio n .— It is reported that
the Legislature of this State will be petitioned by the Supsr

FO R

299

I n t e r e s t 7 P e r C e n t N e t.
NO

COM M ISSIONS charged b orrow er o r lender
until loans h a ve p roven g o o d

BOSTON.

F R A N C IS S M IT H & CO.,

L IS T S BEN T U PON A P P L IC A T IO N .

HAN A N T O N IO , T E X A S .

W. N. Coler & Co.,
BANKERS.

M U N ICIPA L BONDS.
34 NASSAU STREET.

S T A T E AN D C IT Y D E B T C H A N lia j
as t o m unici(>&l d e b ts r e c e iv e d sin ce
t h e last p u b lic a t io n o f o u r S t a t e a n d C i t y S u p p l e m e n t .

I N T E R E S T p a y a b le o n a ll b o n d s In N o w Y o r k C it y a t
fis c a l a g e n c y — K o u n U e B r o t h e r s .

W e s u b jo in re p o r ts

Some

of in fo r m a t io n

a d d itio n a l to th o s e g iv e n

in

th e S u pplem en t

n e a r ly $ 1 0 ,0 0 0 a y e a r .
A S S E S S E D V A L U A T I O N iu 1 8 9 0 o f r e a l e s t a t e w a s $ 1 3 2 , 8 0 0 ; o f
p e r s o n a l p r o p e r t y , $ 1 8 7 ,2 0 0 ; o f r a i lr o a d s , e t c ., $ 0 1 , 8 0 0 ; t o t a l , $ 6 8 1 , 8 0 0 ; c i t y t a x r a t e ( p e r $ 1 , 0 0 0 ) , $ 1 0 0 0 . R e a l e s t a t e Is a s s e s s e d a t a b o u t
" o n e - l i f t h Its a c t u a l v a l u e . ”

Amherst County, Ya.—The following statement has been
correct, d to J inu iry 1, 1897, by means of a special report to
the C H R O N IC L E from H. C Joyner, County Treasurer.
County seat is Amherst C. H

When Due.

LOANSk iim ie

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

R u l k o a h B on d s—

Os. J.fcJ, $ 2 7 ,0 0 0 ..............J a n .,

1908

J a il B o n d s —
J k J .$ S O O
B o n d e d d e b t J a n . 1, 1 8 9 7 . $ 4 1 ,3 0 0

Floating d e b t ......................

2 ,500

T o t a l d e b t J a n . 1. 1 8 9 7 ....

4 3 .8 0 0

P O P U L A T I O N i u 1 8 9 0 w a s 1 3 , 5 8 4 ; In 1 8 8 0 w a s 2 ,8 1 7 .

T a x v a l u a t i o n , r e a l ........ $ 1 , 5 3 3 ,5 7 3
T a x v a l u a t i o n , p e r s o n '!
3 0 5 ,8 1 1
T a x v a l u a t i o n , r a i lr o a d s 0 2 8 ,8 6 1
T o t a l v a l u a t i o n 1 8 9 6 .. . 2 ,5 2 8 ,2 4 5
A s s e s s m e n t a b o u t h a c t u a l v a lu e .
S t a t e t a x ( p e r $ 1 ,0 0 0 ) 1 8 9 0 . $ 4 0 0
C o u n t y t a x ( p e r $ 1 , 0 0 0 ) ___
7 00
P o p u la t i o n In 1 8 9 0 w a s ........ 1 7 ,5 5 1
P o p u l a t i o n In 1 8 9 7 ( a b o u t ) . 2 0 ,0 0 0

B O N b»—

« » . JAJ.E13.NOO...............

S’ o b r u s k a ,

T O T A L B O N D E D D E B T J a n u a r y 1 ,1 8 9 7 , w a s $ 2 5 5 ,0 0 0 ; s in k in g
f u n d , $ 2 2 ,7 1 3 : n e t d e b t . $ 2 3 2 , 2 8 7 ; w a t e r d e b t ( in c l u d e d i n t o t a l d e b t )
$ 1 1 0 ,0 0 0 . T lie w a t e r p l a n t o w n e d b y t li e c i t y y i e ld s a r e v e n u e o f

o f th e se r e p o r ts a r e w h o lly n e w a n d o t h e r s c o v e r item s

a n d o f in te r e s t t o in v e s t o r s .

B

[Vol. LXtv

THE CHRONICLE.

300

Clay County, S. D.— The following statement has been cor­

rected to Jtnuary 15, 1897, by means of a special report to the
from Frank L. Hedlin, County Treasurer.
Coun’ v seat is Vermilion,

C h r o n ic l e

LOAN S—

W h en D u e.

U sivK R sirr B u ild in g B onds —

T a x v a l u a t i o n , p e r s o n a l . $ 4 1 7 ,9 6 7

T ax valuation R R s., eto.

1 2 4 ,0 8 7

6 s , J .fcJ , $ 1 0 ,0 0 0 ......... I a n . 1 , 1 8 9 9 I T o t a l v a l u a t i o n 1 8 9 0 . . . . 2 , 7 4 0 , 2 8 0
6 s , J A J , 1 2 , 0 0 0 ......... J a u . 1 , 1 9 0 1 1 A s s e s s m e n t a b o u t '‘ 3 a c t u a l v a l u e .
B o n d e d d e b t J a n . 1 5 , '9 7 . $ 2 2 ,0 0 0 I T a x r a t e ( p e r $ 1 , 0 0 0 ) ........... $ 1 5 0 0
8 i n k l n g f u n d .........................
4 . 0 0 0 1 P o p u la t i o n In 1 8 9 0 w a s ......... 7 , 5 0 9
N e t d e b t J a u . 1 5 , 1 8 9 7 ..
1 8 ,0 0 0 | P o p u la t i o n iu 1 8 8 0 w a s ..........5 , 0 0 1
T a x v a l u a t i o n , r e a l ...........2 ,2 0 4 , 2 2 6 I P o j m l a t i o n i n 1 8 9 7 .................1 1 ,8 6 5

I N T E R E S T o n t h e r a i lr o a d b o n d s Is p a y a b l e b y t lie N a t io n a l
E x c h a n g e R a n k , L y n c h b u r g : o n t h e b r i d g e a n d j a i l b o n d s a t t h e o f fic e
o f th e C ou n ty T rea su rer.
O P T I O N A L . — A U b o n d s o f t h is c o u n t y a r e s u b j e c t t o o a ll a t a n y

INTEREST o n

tim e .

a ll b o n d s Is p a y a b l e a t t h e C o u n t y T r e a s u r e r 's o f fic e

Hastings, Neb.—G. J. Evans, Mayor. The following state
West Orange, N. J .—The following statement has been
msnt has been corrected to January 1, 1897, by means of a
corrected to data by means of a special report to the
special report to the C h r o n i c l e from E A. Francis, City
C h r o n ic l e .
Clerk.
This town is situated in Essex County.
Hastings is the county seat of Adams County.
LOANS—
W h en D u e. T a x v a lu a tio n , p e r s o n a l. $ 2 7 5 ,2 0 0
LOANS—
Wkw» D u e . S e w e r B o n d s —
R e d e m p t io n B o n d s —
T o t a l v a l u a t i o n 1 8 9 6 ___ 3 , 4 5 4 , 0 5 0
iN T s a s K c r io x P a v in g O s , J.fcJ. $ 5 , 0 0 0 ...........J a n , 1 , 1 9 1 2
5 s . A .fcO . 5 , 0 0 0 ............O c t . 1 5 , 1 9 1 2
R

a il k o a d

A

id -

O s , A A O , $ 6 0 , 0 0 0 ........ O c t . 1 , 1 9 0 7
S u b je c t t o c a l l a t a n y tim e..
8 s , M A N , $ 2 0 ,0 0 0 ........ M a y 1 , 1 9 0 8
S u b je c t t o c a l l a t a n y t im e .

5 s , J .t D , $ 4 0 ,0 0 0 ........ J u n e 2 , 1 9 1 0
S u b je c t t o c a l l a t a n y t im e .
5 s , A A O , $ 1 5 ,0 0 0 ........ A p r . 1 , 1 9 1 1
W a t e r B o n d s—
5 s . M A S , $ 8 5 ,0 0 0 . . . . S e p t . 1 5 , 1 9 0 6
S u b je c t t o c a l l a t a n y t im e .
5 s. M A S , $ 1 5 ,0 0 0 .. .. S ep t. 1 5 , 1 9 0 8
S u b je c t t o c a l l a t a n y t im e .
5 s , M A N , $ 1 0 ,0 0 0 . . .M a y 2 1 , 1 9 1 4

NEW LOANS.

7

.. .........

■

M— ---

GOLD

F U N D IN G

BONDS

OF T H E

(R E G IS T E R E D O R CO U PO N.)
Due Jnn . 15, 1916.

(O ption o f paym ent a fte r 20 years.)

D E N O M IN A T IO N

-

$ 1,0 00 .

I n t e r e s t p a y a b le J n n . a n d J u ly 1 5 .
Principal and C ju p on s payable a t th e

Guaranty Trust Company of New York.
F o r p r ic e , aud particu lar, a d d ress

A. C. FR O ST & CO.,
108

I .A

HALLE

illb C E L L A N E O U S .

Cable A d d ress
ItUDERATlON, N. Y .

Haight & Freese
Bankers & Commission Stock Brokers,
53 B R O A D W A Y , NEW Y O R K .

T e r r i t o r y o f A r iz o n a ,
D a ted J n n . 1 5 , 1 8 9 6 .

I N T E R E S T is p a y a b l e a t t h e O r a n g e N a t io n a l B a n k , O r a n g e , N . J .

M IS C ELLA N EO U S .

STREET,

C U IC A G O .

85

STATE

STOCKS,

STREET,

B O Y D S

BOSTON.

A Y D

CRAUY

B ought and Sold at 1-10 C om m ission.
.S p e c ia l a t t e n t i o n g i v e n t o o u t - o f - t o w n
a ccou n ts.
TRAN SACT
A
GENERAL
STOCK E X C H A N G E

B A N K IN G
BU SIN ESS.

AND

INVESTMENT BONDS.
A c c o u n ts o f Banks, B ankers an d Individuals
received on fa vorable term s.
N A T IO N A L B A N K R E F E R E N C E S F U R N IS H E D
U P T O W N O F F IC E . 1 1 3 * B R O A D W A Y .
W rite o r call f o r ou r “ lOQrFAGH M A N U A L ,” Il­
lustrated w ith railroad m aps, g ivin g co m p le te in ­
fo rm a tio n o f all R A I L R O A D and IN D U S T R IA L
properties. Including hin best and lo w e st prices fo r a
series o f 10 to 30 yeurs o f Stocks, B on ds, G rain and
C otton, and also th e m eth ods o f b u yin g and selling
on m argin.

W . J . H ayes & Sons,
RANKERS,

Blodget, Merritt &

C o ..

BANKERS,
16 C o n o r r e s s S t r e e t ,

Boston.

DEALERS IN MUNICIPAL BONDS,
Street Railw ay B on ds, and o th e r h igh -grad e In­
vestm ents.
BOSTON, M ASS.,
C l e v e l a n d * O h io *
7 E x ch ange Place.
3 1 1 - 3 1 3 .S u p e r i o r S t .
Cable Address. " K E N N E T H ."

STATE CITY & RAILROAD BONId*.

rtUsccUatU'cus,

^ngttxccvs.
F.

J.

Picard,

C O N S U L T I N G

E N G I N B K H

C O L U M B U S , O H IO .
Examinations and Reports Made for
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties*
RBFBRBHCB9

QE hUi NE

WELDED CHROME STEEL AND IKON
B ou n d and s'1*! H»r* snd t - p l ,
and A n a „
. .
E0 R SA FE S, V A U L T S . AC
v t n n o t t . Sawed o n or D rilled, and positive*,
B u rglar P roof.

chroitik

m lel

w orks,

K ent A r e .. K e e p A H o o p e r S t.
fc 8 « M e n f e r . In th e n . 8, B R O O K I ,Y W , H . * •

A s s e s s m e n t a b o u t :g a o t u a l v a l u e .
T a x r a t e ( p e r $ l , 0 0 0 ) .............$ 2 7 4 0
P o p u la t i o n in 1 8 9 0 w a s .......... 4 , 3 5 8
P o p u l a t i o n in 1 8 9 6 ( e a t . )
6 ,0 0 0

T A X F R E E —A ll o f th e W est O ra n g e b o n d s are e x e m p t fr o m ta x a t io n .

L o n # D istance T elep h on e,
,11 U COKTLAXDT.”

$ 2 7 7 ,0 0 0 .
S

41 m , J A J . $ 2 5 . 0 0 0 . . . . J u l y 1 , 1 9 1 6
R o a d B on d s—
7s,.T.fct>. $ 7 4 , 0 0 0 ........ J u n e 1 , 1 9 0 0
T o t a l d e b t J a n . 1 , 1 S 9 7 .. $ 9 9 ,0 0 0
T a r v a l u a t i o n , r e a l ............3 , 1 7 8 ,8 5 0

SKINT.

Jos. O. Osgood,
M. A M . 8 0 C . C. E „
120 B R O A D W A Y , NEW Y O R K .

BEPOHTS ON INVESTMENT PROPERTIES.
Railroad Location and Construction

1850.

189 7.

The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
A l l p o l ic i e s n o w ia s u e d b y t h i s C o m p a n y
c o n t a in t h e f o l l o w i n g c ln u a e a :
“ A f t e r o n e y e a r fro m th e d a te o f le s u e ,
t lie l i a b i l i t y o f t h e C o m p a n y u n d e r t h is
p o l i c y a h a l l n o t b e d i s p u t e d .* *
“ T h is
p o lic y
c o n ta in s
no
r e s t r ic t io n
w h a tev er
u p o n t lie
i n s u r e d , in r e s p e c t
e it h e r o f t r a v e l, r e s id e n c e o r o c c u p a t io n .”
A ll D e a th C la im s p a id W I T H O U T D I S C O U N T a s soou a s s a tis fa c to r y p r o o fs h a v e
b e e n r e c e iv e d .
A c tiv e a n d S u c c e s s fu l A g e n ts , w is h in g to
r e p r e s e n t th is C o m p a n y , m a y c o m m u n i­
c a te w ith th e P r e s id e n t, a t th e H o m e
O ffic e , 2 6 1 B r o a d w a y , N e w Y o r k .
OFFICERS:
G E O R G E H . B U R F O R D .................... P r e s i d e n t
C I*. F R A L E IG H ............................................... Secretary
A. W H E E L W R I G H T ................... A ssistant S e cretary
W IL L IA M T . S T A N D K N ....................................A ctu ary
A R T H U R C. P E R K Y ............................................ Cashier
JO H N P M U N N ....................................M edical D irector
FINANCE COMMITTER;
GEO. G. W I L L I A M S .............. Pros. Cbem . NuL B ank
JO H N J. T U C K E R . . . .
.............................
B u ilder
E. H . P E R K IN S , J r ,, P res. Im p. & T rad ers' Nat. Bk
JA M E S R. P L U M .................................................. L e a th er

<£ottou Suck.
J. Spencer Turner,
1 SUCCESSOR TO

B r t n c k e r h o i r , T u r n e r & C o .,
M A N U F A C T U R E R A N D D E A L E R IN

C O T T O N S A IL DU CK
AND ALL KINDS OF
C O TTO N C A N V A S F E L T IN G DUCK
C A R C O V E R IN G B A G G IN G ,
R A V E N S DUCK, S A IL T W IN E , AC..
P O P E •‘ A W N IN G ** S T R IP E S .
AGENT
U N IT E D S T A T E S B U N T IN G CO .
A full supply, all W id th s and C olors, always In
Stock.
10
D u n n e S tre e t, N ew Y ork

ATLANTIC MUTUAL INSURANCE SCRIP.
N. Y. STREET BAILWAY BONDS.
AU GUSTU S FLO Y D ,
82 P IN E S T R E E T , N E W Y O R K .